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15
Limu?1**'
MONDAY
Reg. U. S. Pat. Office
Volume
167
Number 4681
New
General
RAILROAD
Adam Hat
it
action
cn
the
was
of
The
were
On
the
Accounts
taken
have
the
of
four
quarters
of
Taxes
that
action
although
deferred
was
because
of
Investments
Reserves
/Sundry
of
V. *167,
p.
645.
Ervin
J.
,
Co.,
Tomlinson
State
of
President
annual
Watertown,
N.
Erdman
Combined
Benson
assets
at
eliminated, reached
to
from
the
At
in
and
p.
31,
i947,
investments
on
Premium
3.55%
average
':
1946.
2793.
in
volume
1947,
Net
from
Net
ry.
.
—V.
167,
and
the
*
scheduled
Corp.
America
of
passenger
metal
detectors
in
addition
Feb.
on
29
p
v
frequency
its
to
Jointly
said
equip¬
,•
167,
',
New
As
will
Annual Report—The
—
Resume
postwar
from
15
operation
*"*■
air
Operation
in our
page
INCOME
FOR
CALENDAR
ffiet
of
New
the
first
time
Dividend
income.
Interest
Total
.Federal
$
27,823,953
;
-
.
' 2,703,272
Net
income
Previous
Total
taxes_.
•
surplus
Common
50
DC-6s
been
will
the
replace
mainstay
Francisco.
Another eight Of
scheduled service later in March.
will
be
operation
into
are
directly
DC-6s
instituted
completed
service
'
passenger, service,
between New York and
March
routes.—V.
26
March
the
.over
167,
p.
18,
and
President,
Divs.
treasury.stock,
Balance
Shares
in
com.
per
"After
all State
income..
surplus
standing
"Earned
stock
(no
New
741.
f
44,906,27.3
30,972,412
41,657,681
2,000,000
3
3,000,000
16,199,582
12,058,807
20,632,606
New York Stock
the
said./. A
Los
Angeles will
round
York-Chicago
be
and
last
'
v
out?,
'
will
be
York-
2,214,099
$8.54
Quotations
SHEET
less_._^.v.-
securities
securities
at
at
«-v
cost.I.u!
loans
cost.
receivable
goodwill,
39
39
40
_40
,
/
Eftriied
114,809,375
14,809,375
20,645,780
Stock and Bond Averages____
21,305,943
_
—
Exchange
___^
28,588,125
n
number
574,818,141 540,038,245
.28
28
___37
(in spiral bound book)
General Corporation & Investment News.Cover
State and City Bond
Offerings
__58
Redemption Calls and Sinking Fund Notices_49
The Course of Bank
Clearings
47
Dividends Declared and Payable
50
Foreign
Exchange
Rates
$5,824,836
3,616,909
V 3,294,663
*0 Itt
$2.46
$l;t7
Of
shrs.l,
common
3,858,585 /
/v
*
$1.72
*■
1782.
v:
March
on
value
par
Corp.—20-Cent
declared
5
kwh.,
the. week ended
or
March
amounted
share,
12.34%
4
Co.—Weekly Input—
the
System
inputs of
r
subsidiaries
of
to
232,225,000 kwh., an increase of
25,508,000
the corresponding week of
1947.—V. 167, p. 1037.
over
Rolling Mill Co.—Earnings—
sales
profit
—'
after
of
per
1947
•
■
!
1946
$311,685,322 $231,930,811
taxes—
-25,002,211
shares
common
18,552,491
3,240,523
3,240,523
...
share—$7.44
841.
■
' «
•
167, p.
$5.35
1
.
American
Sales
Tobacco
volume
previous high
net
31,
1947,
1946
the
earnings
to
of
income
shares
Dec,
equivalent
both
attained
1946.
over
5,378,424
Co.,
1947,
increase
an
Consolidated
$3,958,464
on
for
record
$819,631,122,
after
for
1947
allowing
for
for
$33,845,021,
the
on
of
common
dividends
stock.
B
number
shares
of
at
(In
were
4,482,020
outstanding in;that year.)
\
1
On March .1,
holders of common and common B stock of
record
Feb. 10, 1948, received a total dividend
payment of $1.50 per share,
this amount ; including: the regular
.first'quarter dividend of 75 cents
per
share and
out
of
1947
an
extra
earnings.
Consolidated
dividend
of
75
cents jper
' 5
share made available
:.'.'
:
inventories,
of
which
leaf
tobacco
31,
1947,
1946. \:/■
to
is
$483,133,078,
as
the
principal
February,
to
The
$75,000,000
interest,
bank
the
the
and
and
increase
relating
common
B
D^c.. 31,
as
dividends
1947,
and
and
in
stocks
(b)
the
sale
such
000,000 the difference between
to
for
the
to
be
used
capital.
debentures,
may
(a)
not
aggregate
of
exceed
of
reduce
the
cash
consolidated
reacquisition
to
Under
by
net
all
shares
short-term
provisions
dividends
more
income
sums
of
$15,-
subsequent
paid
thereafter
the
company.
Edward D. Jones & Co.
Established
1871
;
v*
300 North 4th
1
St., St. Louis 2, Missouri
Members
3
Federal Reserve January Business
Index.—.64
.
New York Stock
Exchange
St. Louis Stock Exchange
Chicago Stock Exch.
New York Curb
Phone
,.
Chicago Bd. of Trade
Exchange Associate
CEntral 7600
Bell
of
the
on
than
St. Louis Listed and Unlisted Securities
"
the
Society of the United States of
debentures, due Jan. 1, 1968, at 100 and
working
to
:"v
arrangements
Assurance
20-year 3%
proceeds of such
loans
completed
company
of
indenture
common
1948,
Equitable Life
with
compared
,V
In
sale
_____r.____T_.__49
February 1948___^__
of
share
per
outstanding
common
smaller
the
totaled
year.
increase
an
$5.70
,B
preferred
on
and
common
share
per
sales
preceding
earnings
and
Sales
*
uhits,:'surpassed
the
over
was
stock
and
Consolidated net
represents
common
available
$5.96
dollars
1946.
$55,463,532
This
of
Inc.—Reports iRecord
in
in
shares
Capital Flotations for the Month of
Telephone HA 2-4848
•:
cents per
Combined
Single Copy, $10
f. w. stephens
Dividend—
dividend of 20
a
common
American Power & Light
For:
this company
Condition Statement of Federal
Reserve Banks.,--—
_____45
Condition Statement of Member
Banks of
Federal Reserve System
7,278,240
$8,897,921
45
showing monthly highs,
lows—earnings—dividends—capi¬
talizations—volume on virtually every stock listed
on N. Y.
Stock and N. Y. Curb
Exchanges, 1937 to March, 1948.
Yearly (6 issues), $50
1945
During 1947 consolidated surplus was increased by
$12,979,060 from
earnings, as compared with $12,158,035 added to surplus from
earnings
during 1246. ;V.
-'iHl//'
; ■*''/
Miscellaneous Features :-*///
.
1946 *'}.
•
stock, payable April 15 to holders Of
record April 1.
In 1947, the following payments
were made:
Jan. 2,
10 cents;
July 15, 20 cents; and Dec. 15, a year-end of 60
cents.-—V.: 166, p: 2305..-";
■
' /v';
the
21,305,943
922 CHARTS
Subs.)—Earnings—
%,
$10,934,016 $15,176,805
$13,103,076
...
share
p.
$1
345.
p.
—$6,624,179
_
directors
the
43,546
162,
6,278,884
American Insulator
The
814,204
■43,126
approx.i
commission.—V.
on
item, amounted at Dec.
$407,013,548 at Dec. 31,
1,631,716
New March Issue of GRAPHIC STOCKS
contains
15 W illiam St;, New York 5
carloads)
4,309,837
per
166,
40
Toronto Stock Exchange—Curb
Section___.__45
Over-the-Counter Markets
I
46
Transactions New York Stock
Exchange
Transactions New York Curb
2,128,597
30, '47
L_42
Montreal Curb Exchange
Toronto Stock Exchange.___.____
Total
•
of
others
after, charges
income
Average
on
J
June
__41
52,972,033
29 531,032
36,499,143
etc
38
64.226.205
charges
processes,
38
38
39,835,196
_
..
Patents,
Exchange
Exchange
Exchange
Francisco Stock Exchange
Montreal Stock Exchange
1946
$,;
37
San
31
$
J*.J;'^37
58,215,049
Inventoriesr
Deferred
to
taxes
Net
—V.
...37
Pittsburgh Stock Exchange
St. Louis Stock
Exchange
344,446,096 307,722,023
28,047,710
28,136,995
-
._
&
DEC.
V'1947
or
(number
sales
earnings
Federal
17
Stock Exchange..
Philadelphia Stock Exchange
'■^
■;
Stock
Stock
Etc.—
Dec. 31, '47
;•
Page
Exchange (Stocks)
(Bonds)
Los Angeles
depreciation, obsolescence, repairs and renewals,
*•'
Property
account
Investments at cost
Accounts
Cleveland
$8.14
ASSETS'
•;>.'l
American Home Products Corp. (&
Earned
Stock
Detroit Stock
2,214,099
$12.06
S.> Government
handled
Net
33
Cincinnati
.:vv
,
2,214,099
BALANCE
Growers, Inc.—Sales,
y
-,-:Iy
Exchange
Boston Stock Exchange^
Chicago Stock Exchange
205,134,730 200,394,248
,
taxes.
Fruit
•
Calendar Years—, /./'1947
28
Baltimore
18,025,075
2,214,099
for
Co.—Equipment Order—
^....$59,670,000 $65,950,000
"Including
second
New
<
■
operated
trips
New York Curb
Exchange..
230,140,233 219,757,640 210,763,741 205,134,730
parj..j
and local
Marketable
18,913,605
than
more
827,904
Volume
planes
New York Stock
Exchange
Crl,684,70i Crl,497,512 Crl,123,134 Crl.1'23,134
CONSOLIDATED
U.
"'V
y.y/
Damon
tem-
routes
:y'7
420,349
share__.«iu;$13.63
provision
sales
the
He
have
aircraft
Mr?
several
I
corporation.
for
,
Profit
May, after com¬
estimated cost of
America's
additional
into
beginning
on
•
on
this
of
System
Vice-President
Months Ended—
"Net
by
an
Damon,
50-passenger DC-4s which
of the Flagship fleet. vy
/v/')/: 4 /y7:\iiy%77.'
Detroit
in
the
airplanes first went
modifications
will
Ad-:
Angeles, and "The Golden
engineering changes that will reach
$3,000,000, according to Ralph S.
DC-6s
;.
go
Los
Stock and Bond
250.069,124 237,470,432 224.048,335 218,419,324
21,611,592
19,210,304
14,407,728 ■ 14,407,728
• ■'. ;
/.■. ■'
dividends
incl.
Williams,
American
Number
734,023
30.311,484
26,706,691
219,757,640 210,763,741
___
T.
V.
62,751,212
10,000,000
22,439,727
surplus
on
A.
12
of
the
San
$
486,433
geh. conting..
income
1944
v:.'
2,677,396
471,063
___
&
in
charge of sales,
on
March
4
received an order for 47 lightweight
Atchison, Topeka & Santa Fe Ry.
These cars are
especially designed for use in streamliner service and
will supplement those
already in service on Santa Fe trains between
Chicago and California.—V. 166, p. 2554.
modification,
y7.7'-i'
,
'''
not
R.
American
38,534,060
1945
•
income
for
1946
41,092,310
'3,079,940
3,288,280
—,
income
,
since
In This Issue
58,976.491
i«L
-
President
T.
last November for
York and
will1, enter
YEARS
$
income
I.
Calendar Years—"
1947
♦Gross
elected
the
announced that this
company has
passenger
train cars from the
13.
ACCOUNT
been
with
,
Net
CONSOLIDATED
has
American Car & Foundry
resume
Emmerich, President, together with in¬
issue of March 11,
Stockton
associated
recently holding the position of Divisional Vice-President
Europe. He also has been elected President of two of ACR's
subsidiaries, All America Cables & Radio,
Inc., and The
Commercial Cable Co.—V.
167, p. 937.
<
*
account and balance sheet for 1947 were
published
come
E.
been
operating
Net
transports; I will'1
for
to
daily round trip
vs
Allied Chemical & Dye Corp.
To
-
March
York's jand
'
with
remarks of F. J.
the
porarily
May.
149.
p,
of
The huge
regular
'I'"
has
20 .years,
for all of
carried
The
pletion
these companies will continue its research
and other normal activities in the lieid
of
stock
common
companyannodnceix that six of the four-engine Flagships
go into sendpe
firsbr'ori;|l)remier' transcontinental, flights, "Th,e
vance
.
$2,500,000
heating
own
first
service
Mercu%" between
.
electronic
187,189 shares of
Marqh 11.
156,010
high
RCA
and
manufacturing
electronics," the statement said.—-V.
Proy,
America's
83,952
electronic heating equipment.
"At the same time each
,
DC-6s,
airlines withdrew them
it was announced on
.
of
He
C;
The full
engineering,
t
consists
Airlines, Inc.
37,90876,914 ' /• Gate,"
betw$n
an
equipment
01'
The
'
ti
v
574,818,141 540,038,245
___
-V7/;;;'y;7;;,/7711'
'
84,655
agreement
for marketing industrial
Allis-Chalmers
will
distribute
RCA
of
cost.
$321,550
171,589
'
1
.
1, 479,482
—Dr25,837,3QlDr23 837,301
DC-6s—
■
;
Co.—Sales Agreement—
Radio
118, 720,405
Kenneth
101, 037,235
129,104,998
__
52-passengei^fplanes
company
ment.
101,037,235
_
1945
$437,268
645.
p.
announced
line
1946
,
$457,996
190,105
income.8'J,7d2
Allis-Chalmers Mfg.
This
RR.—Earnings—
1947
;
_
American
_
$490 986
railway
oper.
2, 015,549
MISCELLANEOUS
-
an
.
1948
..
railway....
lrom
Copy
12, 006,440
1946,
..
Akron Canton & Youngstown
January—
1,993,873
§ Further surplus
consists of $107,483,153 in 1947 and
$97,098,560 in
earned surplus accrued to the
company since its organization
and $21,621,845 accrued
to its constituent
companies prior to the com¬
pany's organization.—V.
166, p. 1989.
ki .v- y7-7'/y>;'."
made Vice-President and
Comptroller.
:v.\
with
inter-company holdings
was
_
Gross
20, 656,777
1,303,231
12,006,440
stock lyy,I,"'.;.
and
meeting, a dividend of 75 cents a share was de¬
Agricultural, payable April 1 to stockholders of record
the
March. 15,—V.; ,165,
40, 000,000
30,656,777
l
-....i.........
^Treasury stock
at
d rectors'
by
'
40,000,000
__
tMarketable securities
consisting of 144,900 shares of common stock
United States Steel
Corp. and 270,000 shares of capital stock of
Air-Reduction Co..
Inc., listed on the New York Stock Exchange, had
a market
value at Dec..
31, 1947 of $18,407,813.
Empire
Vice-President
high figure of $26,493,335.
Yield
3.41%
„
reserves
Total
Agricultural
Executive
named
was
Dec.
new
a
$16,214,560.
increase
clared
the
of
Secretary,
was
elected
Robert G. Horr, Treasurer,
Treasurer.
reserves
contingencies__i_.il..
of
Feb. 26, 1948.
Mr. Tomlinson, who is
by ill health,, resignad as President and
of
the board.
Wayne A. Seaver, Vice-
Vice-Chairman
securities
Y.—
on
caused
ar.d
Secretary.
rose
meetings
companies
absence
elected
was
the
Insurance
leave
on
at
a
American Cable & Radio Corp,—New
President—
10 615 370
20, 676,132;.
Z- 244,010,262 238, 668,156
reserves.
,
_
Insurance
Dickey, Chairman of the board, was continued in that '
in addition, was elected President to succeed Harold W./
and,
etc.,'
.
Changes in Personnel—Assets at New High—
„
&
reserves
^Treasury
.
obsolescence,
1048 exceeds that for
office
13,387.976
27,154,650
—i-.
the volume of sales for the first two
Common stock
the .corresponding, period of. 1947."— J
; Capital surplus
"
^Further
surplus
months
Agricultural
accrued———
wages
for" general
Insurance
general
&
accrued
.
INSURANCE
-
''".'V
payable
Depreciation,
1947; dividends
INDUSTRIAL
-
; LIABILITIES—
,
directors
paid.
stated
conuitions
that
10
ordinarily payable on or about April 1
Jan. 2, last, a distribution
of IV2 cents
in-each
each
company
economic
dividend
while
cents
March
on
stock.
common
made,
15
the
on
Price 75 Cents
Corporation and Investment News
PUBLIC UTILITY
-
Stores, Inc.—Omits Dividend-
announced
was
•no
York, N. Y., Monday, March 15, 1948
Teletype"
SL B93
I
•
Monday, March 15, 1948
FINANCIAL CHRONICLE /
THE COMMERCIAL &
(1142)
2
CALENDAR YEARS
(Including American Cigarette and Cigar Co. and all wholly owned
domestic and subsidiaries except The American Tobacco Co.
CONSOLIDATED INCOME
ACCOUNT FOR
the
of
Y
1947
Sales, less trade and cash discounts,
returns and allowances-^.
—819,631,122
administrative expenses
1,598,012
54,764,293
703,651
184,190
537,108
258,719
Total
Other expenses
for
Prov.
State
res.
—
1—
and losses——.
against invest,
income
taxes
Federal income
-
Federal, excess profits taxes
Portion' of net income of American
Cigarette & Cigar Co. applic. to
minority interest
——
Adjustm't of prior years/ Federal &
State taxes, inch interest, less related
share,
expenses
income
the
it
29,886,557
30,683,039
26,724,575
73,098,729
surplus account-
Balance added to
Surplus beginning of year—:
Proceeds from insur. policies on
of
86,802,821
less
Total
sales
divs.
Cash
Stock
14,566,540
17,703,979
end of year_u———99,781,881
share of com. & com. B , V ,
VV
Casualty Co., it was
President.—V. 167, p.
87,665,213
86,802,821
73,098,729
Offered—Mention was
in banks and cash on
receivable, customers——
Demand deposits
Accounts
——
*. '
////*'.':'
571,091
manufacturing stock, operating
483,133,078 407,013,548
supplies, etc., at cost
<
Cash on deposit with sinking fund trustees for
183,557
938
redemption of debentures (contra)——-—
524,594
1,578,164
Accounts receiv. from unconsol. subs. companies
Security of subs, not consol. herein:
6,0'OO.OOO
6,718,927
Wholly owned foreign subsidiaries——
Partly owned subsidiaries:
5,869,817
at amounts not in exc.
Mortgages, note receivable, insur. deposits,
■♦Real estate, machinery,
fixtures, etc.—
Prepaid
3,461,203
22,583,276
3,491,344
54,099,431
patents, goodwill, etc._i-—
————
—
:•
1,317,561
2,291,288
32,840,536
etc.-
and deferred charges-
expenses
Brands, trade marks,
Total
372,420
2,071,928
54,099,431
Inc.
of cost-
Inc., Burbank, Calif. — Stock /
made in our issue of March 8 of,
is
BUSINESS—Company
122,500,000
9,043,404
790,496
_i
taxes—
for
;
Debentures
other
1,162,358
./
81,139,000
88,638,000
April 15, 1962 (non-current)—
1969 (non-current)—-—
bonds maturing Aug. 1, 1951_t
20-year, due
25-year, due Oct. 15,
4%
6,145,000
772,557
831,250
Deferred income
preferred stock (par S1001
stock (par $25)
Common B stock (par $25)
:
715,277
52,699,700
Cigar Co.
6%
4—
40,242,400
96,561,025
i„
20,575,591
Common
(Capital
84,507,000
91,591,000
831,250
105,154
798,172
—
Minority int. in Amqr. Cigarette Co. &
surplus
—
:
——
99,781,881
7,007,060
surplus
Earned
1,392,345
b6 redeemed
to
debentures:
3%
1,152,873
27,988,593
6,057,000
accrued expenses
—
through sinking fund
operation, estimated (contra)—
Accounts payable to unconsol. subsidiary cos.
and
Advertising
85,000,000
11,532,119
790,496
1,112,816
30,327,313
1,583,796
T__
(Treasury stock,
at cost
(Br)
..
Total
52,699,700
40,242,400
78,355,425
86,802,821
18,177,987
(Represented by 93,713 shares of common
of
common B stock.
(Excess of net proceeds
stock B over par value.—V.u167, p. 1037.
of
shares
168,180
sale
of $25,598,117 in
for depreciation
reserve
1946.
1946,
from
646,754,247 552,528,918
1947 and $24,660,stock (and in
—
♦After
common
'
'
■
•.
Armour
Co.—Sells Luxor Cosmetic
&
:
t.uiC..
trust deed note
Current bank loans_:
6%
Line—
stock
Common
*
Month of February—
Sales/
—V.
—_
———————
Number
stores
of
in
1948
' $471,929
48
operation-^—.
Ontario Street,
2950
at
ance
Month of January —
26.9%
1947
$371,756
46
Ry.—System Earnings—
Santa Fe Ry.)
Ry. and Panhandle &
1948
operating revenues—
Railway operating expenses.*.
Railway
tax
accruals—:
Other debits or credits—;
—
—_
$3,250 per month
(88,500 shares are
preferred stock.
PURPOSE—Assuming the sale of all
1947 $39,685,963 $34,768,697
29,824,717 25,580,797
5,390,929
5,003,893
1 Drll2,774
Cr245,691'
and bears interest
reserved for issu¬
.
':
;
offered, the /
to apply -such
least $100,000.
development
lines of
of the shares now
proceeds will amount to $245,750. Company intends
net proceeds first to increase its working capital by at
The balance of the net proceeds will be applied to
the:
and construction of new items to be added to' the company's
net
photographic and lighting
'
equipment.
share,
or
plan
operating income
income
Net
—V.
167,
p.
_____
—
._
__
$4,357,543
3,945,842
$4,429,693
3.946,843
Eastman,
Dillon & Co., at
by Eastman,
rendered
Old
partners pro rata, and
/None of said options
said
-
-
^
partners also
have been
ment.
Gross
certificate permitting abandonment,
as to
interstate and foreign commerce, by the company of its entire
line
of
railroad,
extending from Warsaw to Kenansville, approxi¬
mately 9.52 miles, in Duplin County, N. C.
.
The -ICC
The
on
Feb.
24
issued
COMPARATIVE
INCOME
exercised.
by it among
and Financial Chronicle (Reg. U. S;
Seibert,: President; William D. Riggs,
on
(aa,
1948/—V.
accepted
100
'/•': //
165,
"
v /
■>.';
,•
;
errors
The
(It
been'
have
(2)
the
7 Mos. End. ..Year
$397,034
23,149
$209,937
The
See
Broad
365,453
$181,956
profit
from
operations—-—-j-
———
—._■_J—-—
credits—/.
income
income
Provision for
——
______
charges
—
Federal income tax—_//■.—_
3,081
18,088
$15,891
$200,044
13,356
48,135
963
56,416
$1,571
income
-=-Vet167,0fpt
have
938.
sheet, /should
balance
shares).
!
V.
167,
p.
Street Investing
on
been
given, as
/'•
.
559,992
/;/ ./
(not
599,992
•-•//'■
.
Corp.—^18-Cent Dividend—
March 9 declared a dividend of 18
cents per share,?,
April ! to stockholders of record. March . 19.This dividend
income from dividends and . interest* after/expenses andtaxes and will be charged to the ordinary distribution account,
v/
Payments in 1947 were as follows:* April l, July 1 and Oct. 1,
18 cents each; and Dec. 24, 26 cents, plus a capital gains dividend df
50 cents,—V. 167, p. 938.
>/■'"•
*''
payable
represents
,
$547,409
197,127
-
the annual report
150,375
$12,811
profit—
_m—;
—
general and selling expenses-—
the published figures of
Chronicle"
:/'/v/^/;
1945 figures listed are before renegotiation, and should
so inc/cated.... '/" .V-: ■
;//;'1';
number of shares of capital stock issued, as reported in
The directors
$186,788 V
Corp.—Correction— .v /
appearing in
March 1 issue of the "Commercial and:.'Financial
been brought to our attention.
They are:
have
'
STATEMENTS
profit on sales—__i_____——_——rental equipment (net)——
Total gross
Broadway
$95,493
Dopartment*Store, Inc., .Los Angeles--Pro-
,'/
posed Financing—
;■
/■\/" "'/;-'//' /./..
March 16 will vote on creating a new issue
par) cumulative preferred stock and on .in¬
creasing the authorized common from 1,000,000 to 1,200,000 shares,
and changing-the: par Value cf the common from no par . to $10 par.
It
is
the present intention to offer publicly 80,000' shares of new
of
stockholders
250.000
shares
on
($25
preferred, which it is estimated
ne
proceeds of $1,850,000 which
V.
165, p. 2662.
will provide; the corporataion with
will be added to working
capital.—
(Continued on page 7)
1038.
Patent1 Office) William B. Dana Company,
Business Manager.
/ / /:"//////v- /;-/•>•: ;/.; ./•',, ;■;////: /; bonds will cease March 25,
interest;/-; //;
the
in
acquired for invest¬
a
Commercial
William .Dana
trustee, 45 Milk St., Boston, i
1948, receive bids for the sale. t<#/l
amount'
from
Income
Other
Co.—Tenders—
successor
Co.,
Brings & Stratton
End.
.'//{■
v.'■
. 'vv
Nov. 30, '47 Apr. 30, '47
Net sales
$591,518 $1,237,961
Cost of goods sold-^-—404,730
'. , 840,928
Gross
RR.—Abandonment—
Trust
Colony
will until noon of March 22,
Two
.
underwriter and East¬
acquiring the options and
thereof for invest¬
93$.
Atlantic & Carolina
*
ICC,
1861.
p.
the underwriter's ; cost;/;thereof,' for
Dillon 81 Co. infringing the com¬
and the underwriter together.
Both the.
man, Dillon- & Co. stated that
they were
would acquire any. shares-: purchased upon exercise
ment.
The
underwriter divided the options retained
Net
'
five-year
of
and
with the May 1946 financing,
options to purchase 20,000
at $6 per share, exercisable in
common
Other
distributors throughtout
-
.
RR.—Court Rejects Plan—Re¬
Providence
Sand & -Gravel
Boston
The
The
railway
p.
underwriter
the
Administrative,
Net
167,
for
the
by
Mass.,
or
its
industries
oflices and
1038.
branch
&
Interest
stockholders granted
outstanding shares of
stock
lots of. 1,000 shares
more,; at any time on or before May 15,
1950. The underwriter
paid 5 cents per optioned share as consideration for the granting
of such options.
Options with respect to 5,000 shares were assigned
I
1
reorganization of the railroad, which had been ap¬
was rejected Feb. 26 by Federal Judge Francis.
J.
W. Ford in U. S.
District Court at Boston, He ordered that the
proceedings be referred back to the Commission, terming the plan in¬
equitable and incapable of execution.
^
/
Under the plan
as approved by the ICC,
the New Haven was to
turn over to the Boston & Providence trustee, $3,039,213 first mort¬
gage 4s,
and $1,467,520 each of 4'/i% income bonds and preferred
stock, for distribution to B. & P. creditors.
However/ the trustee
for B. & P. pointed out, $3,255,000 first 4s would be required to pay
principal and accrued interest on B. & P. debentures, /as allowed,
indicating a deficiency of $215,'787.
,
' - 1 *
Judge Ford also ordered that the B. & P. trustee. Attorney Charles.>;
W.
Mulcahy, seek from the ICC an order permitting abandonment
of
the road, which constitutes the Boston-Providence section of the
New Haven's main line, unless the B. & P. is paid adequately for the \
use
ox
its properties.
The trustee- is further instructed to seek such
adequate compensation.—V. 166, p. 1147.
'
v--"//'•/.;;-// '
The
proved
total of $300,000.
connection
In
"to
|
7% convertible gold debentures due Oct. 1, 1949
extended by plan and agreement dated April 20, 1939) to an
sufficient to exhaust the sum of $25,000 at prices not ;to exceed
sold to
at $5 per
$6 per ;
a
Expands—
of
turns It to ICC—
it
FINANCING—In May, 1946, companv issued and
& Co. 50,000 shares of common stock ($1 par)
Cruttenden & Co. sold such shares to the puolic at
RECENT
Cruttenden
Period—
Railway
This not in the original prin¬
Reconstruction Finance Corporation,/
the company's land and building
Calif. It catlls for payments of prin¬
31, 1948.
Burbank,
conversion of the
upon
.
Atchison, Topeka & Santa Fe
29,500 shs.
146,110 shs.
—
cipal and interest at the rate of
at the rate of 4%
per annum.
167, p. 743.
(Incl. Gulf, Colorado & Santa Fe
115,000
(500,000 shs.
pany
Inc.—February Sales Increased
Angerman Co.,
Boston
*$177,975
29,500 shs.
($10 par) —
♦Principal balance at Jan.
$10,500,920 $10,490,273
Department Formed—.
President
Hawley,
country.—V.
the
cipal amount of $191,250, held by
is secured by a trust deed covering
to
167, p. 422.
(
Mi
through
sold
1
Outstanding
115,00ft
——
pfd. stock
($1 par)
conv.
cum.
8%—
1948—2 Mos.—1947 : "
1948—Month—1947',
$5,218,079 $4,830,543
Borg-Warner's' "Morse Chain Co.
Division, and Chisholm N. Macdonald, President of Formsprag Co.
of
Ferndale; Mich., on Feb. 26 jointly announced the formation of
the Morse-Formsprag sales department.
This new organization binds
the precision manufacturing facilities of the Formsprag Co. and the
aggressive sales organization of the Morse Chain Co.
Morse-Formsprag
has developed:a completely new line of over-running clutches for in¬
dustrial use.: The new line of over-running clutches will supplement
Morse's present line of mechanical power transmission equipment now
Adjusted-
$177,975
4%
%%/%/ :V
Inc.—February Sales Increased
Morse-Formsprag Sales
Frank
items to be added to
' ''
•/' '
EFFECT TO PRESENT FINANCING
-As
services
Brothers Co. Below.—V.
Lever
See
corporation
California
is developing new
line.
CAPITALIZATION GIVING
construction and to reduce
164,- p.
of the corporation's NorgeHeat Division were expanded Feb. 26 with the acquisition of a 150,000square-foot plant at Hammond, Ind.
/._
C, S. Davis, Jr., Vice-President and General Manager of Norge-Heat,
announced that a complete and improved line of oil-fired and gasfired
water heating and
air conditioning equipment, floor furnaces
and conversion burners will be manufactured in the new plant, which
vlas leased from the Pullman-Standard Manufacturing Co.
Tne factory
is expected to be ready for operation by mid-summer... Total area of
the
property is 485,009 square feet.
manufactured items.
present
share.
057 in
loans.—V.
Sales
equipment for the Army Air.
the company
its photographic equipment
At
646,754,247 552,528,918;
Interest accrued
Provision
a
Authorized
payable to banks
—
————
Accounts payable
Dividend on pfd. stock for quarter ended Dec. 31
Proceeds will be used for
822. .V///'1'
Co. Inc.
&
Peribd End. Feb.—
The rental of electric
picture studios.
of sales of
10%
SEC—
Light Co.—Files with
on
March 3 filed a letter of notification with the
shares of common stock ($1 par). Underwriter, Dili'on,
of 6% cumulative
LIABILITIES—
Notes
19,900
bank
Forces; and
generating and lighting equipment to
/'
Approximately 45% of the company's salei volume is Mn photo¬
graphic and lighting equipment,
the distribution of such equipment
for motion
picture studios being largely confined to Southern California. The balance, being the larger portion, is distributed through
photographic dealers in most of the United States substantially in
proportion to population.
The Rosan Locking System accounts for
approximately 10%
of the company's sales.
Sound and electronic
equipment account for 45% of the company's sales. The gross rentals
received
by the company from motion picture studios approximate
(2)
motion
2,266,040
429,000
Co. of the Orient,
The American Tobacco
Other invests.,
5,869,8172,266,046
420,000
Inc—
Co.
Tobacco
company
for
Read
principal office at 2950 Ontario Street, Burbank,
principal phases of the company's business:
.training
.
Cuban
The
SEC
as
tobacco,
Leaf
Black Hills Power &
Calif. There
'./y:;//'/•''/''V%7h
(!) The manufacture and sale of photographic lighting equipment,
such
portable electric generator sets and various sizes of portable
lights for use in the motion picture industry, and lights used,-by
commercial and amateur photographers; a titling device for use in
making amateur motion pictures; Rosan Locking System^omprising
threaded inserts and studs for locking a metallic insert or connection
permanently in softer materials; sound and electronic equipment,
including public address systems, amplifiers, recorders, and electronic
17,821,115
26,999,451
919,963
19,505,159
34,558,435
receivable
accounts
Miscellaneous
hand-
1948.—V; 167, p. 642.
March 2,
port,
two
are
1946
1947
ASSETS—
Terms—
'
AND
HISTORY
with
subsidiaries except Tne American -Tobacco co.
of the
Orient, Inc.) -. .v/-1';---,:'• ■
domestic
March 8 mailed its March 6 issue of the "Beth¬
lehem Review" to its 138,000 employees.
It contains a letter to employees by A. B. Homer.. President, trans¬
mitting the complete text, with accompanying charts, of his state-ment before the Congressional Joint Committee on the Economic Re¬
tails follow:
all wholly owned
Cigarette & Cigar Co. and
(Including American
Dunbar & Co.,
-;j -v.-.
Steel Co.—Mails Bulletin—
convert¬ /■—V. 167, p. *743.
stock ($10 par) on Feb. 24 by John B.
Borg-Warner Corp.—Division
Los Angeles at $10 per share.
Other de- ^ Manufacturing and shipping facilities
preferred
ible
No
<3.
on
company
/•/■/;//-'/'"%/-y.-
offering of 29,500 shares
the
SHEET, DEC. 31
CONSOLIDATED BALANCE
The
Bethlehem
Bardwell & McAlister,
«/■'•/
stock
u—————$5.70
;
$5.96
$3.69
♦The equity in the earnings of unconsolidated subsidiaries amounted
to $1,920,905
in 1947, $1,444,867 in 1946 and $1,425,645 in 1945.
tlncluding in 1947 and 1945 redemption premium on 3% debentures.
per
started Jan.
plan
Bond Stores,
14,566,484
:
•'
had been proposed.
First National Bank, Chicago and Radio Corp. of America were
as. largest
creditors of the company.—V. 167, p. 247.
Thfe
Northwest Airlines, Inc., has been
a director of the Bankers Life- &
announced on March 4 by John D. MacArthur,
150.
Grand Rapids,
Court,
had
referee
listed
McCormick, formerly with
appointed Assistant Treasurer and
1,546,057
Referee Asks Bank¬
declared bankrupt has been
Mich., by Referee Chester C.
company's creditors
Co.—New Director—
Life & Casualty
—
•
liquidation in bank¬
2287.
p.
Roger
117,485,860 101,369,361
B
Surpltis
Earns,
163,
Baltimore American Insurance Co.—Merger
See Home Insurance Co. below.—V. 160, p. 218.
16,535,084
71,130,129
stock & com.
com.
on
3,161,982
/'1948— 2 Mos.—1947
$5,061,544 $4,855,039
■
determined at a hearing that
1943 ,/
$18,114,683 $17,216,094::;
1,044,827
1,023,959 ,.
$1.59
:$1.57
•
/"-.-'j'.':
Federal
in
The
1947
—
Corp:—February Sales Up 4%—
1948—Month—1947
$2,446,878
$2,352,755
Gay Furniture Co.
/:/"•" •" •
reorganization
profit after taxes
129,877
ruptcy would serve better the 'interests of the
than
continuation of reorganization proceedings
Subs.)—Earnings—
share" on common
238,946
.
Woolridge.
March 2.—V. 167, p. 42.
Products, Inc. (&
Allied
Bankers
^
——————
announced on
was
140,986
recommendation that the company, be
fled
Inc.—Consolidation—
Products,
572,599
...
..
•
743.
ruptcy—
L *
-
.
,
p.
$1,021,290
Berkey &
capital.
with
division,
Per
life
W. Hill, deceased,
cash surrender value thereof-.
'
r
167,
A
Calendar Years—
—
George
Mr.
■;:;/%
—V.
•,
Net
3,161,982
with SEC—
Spun
19,697,066
preferred stock-—
646.
Period End. Feb.—
....
Cr434,627
33,845,021
3,161,982
"
Steel Corp., a wholly-owned subsidiary, was merged
parent as of Feb. 28, and will operate as its spun steel
Net
// Z;.'■■■■■■■■
.'.-■/■/.
; Cr706,479 Crl, 127,040
p.
1945
,1946
$855,076
.'490,654
190,752
income...
oper.
107,
(A. S.) Beck Shoe
V.
Proceeds will be added to
underwriter.
525.
Automatic Steel
The
Avon
.
Cash dividend on
—V.
filed a letter of notification with' the
stock ($100 par), to be offered at $115
5
of capital
without
p.
4
61,032'
68,017
78,949
ry.
$1,389,125
4,125,000
—-—
—
165,
—v.
Net
$1,730,357
Net
5,142
409,054',',/
railway.._—
from
340,145
Dallas, Texas—Files
March
on
company
per
—V.
1,466,519
12,353,313
1,463,000
18,074,000
.
.
for 500 shares
——
1,622,000
20,823,000
—
1.578
335,593
$1,954,774
..;
——
743.
Austin Brothers,
6,45.1,497
410,858
653,040
718,926
taxes
income
167, p,
SEC
in
subsidiaries _i—
British
3,637
Net
$631,246
269,472
$925,497
Sales'
44,788,758
5,567,714
1,243,989
731,028
5,726,100
1,630,291
563,497
Net
—V.
The
55,9Q7,265
64,301,305
—
816,493
326,805
charges—__
Fixed and contingent
433,873
and
tlnterest, amortiz. of discount
Other interest and discount
Miscellaneous
207,931
1,028,159
1.183,597
180,602
943,005
income-
$32,769,476
Ryfr—Earnings—
1S47
l'948.v \
railway—_
from
Gross
June 30,'47
Dec. 31, '47 Sept: 30, '47
$25,770,899 $29,327,595
'
' '
January—^',
$917,919-
$lj039,369
(Cr)
deductions
income
Other
42,963,357
1,325,362
railway operating
$1,337,212
2410.
p.
-
Beaumont Sour Lake & Western
330,909
349,742 "
398,438
rents
1,000.000
1,100,000
1,100,000
_____—
Net
,
1,613,493
62,254,645
profit ~i
——
interest from sub¬
sidiaries not consolidated herein,;
Other dividends and interest—
Other income :
'
—1—
Operating
■
,*
and joint facility
Equipment
512,980,655
1,769,156
Depreciation
♦Dividends
expenses
•
166,
—V.
I
.
,
balance---
Unbilled
$11,312,646
9,063,818
$12,520,483 $12,274,461
9,684,833
9,785,350
revenues
Taxes
764,167,590 557,557,505
755,607,321 707,805,285
--
Operating
Operating
'
,
and
general
selling,
sales,
of
Cost
1945
$ „
1946
$
$
AS ol—
•
1946
1947
1948
Month of January—
Inc.)
Orient,
RR.—Earnings—
Contract Balances—•
Wdrks Corp.:—Unbilled
Bath iron
Coast Line
Atlantic
Publishers, 25 Park Place, New
Published twice a week [every
York 8, N. Y., Rfictor 2-9570. Herbert D
Thursday (general news
Seibert, Editor and Publisher;
and___®^Vertising^issue)rt wi:th^ a^sitatisitical J^ssue oh__MondayL
y
■/
Volume
167 \ Number
4681
THE COMMERCIAL
&
FINANCIAL
The Capital Flotations in the United States
CHRONICLE
(1143)
3
Duiing the Month of Februaiy
And foi the Two Months of the Calendar Year 1948
Coroorate financing for the month of February totaled
$559,972,304, compared with $367,439,374 for January and
$211,267,388 for February, 1947.
The February showing
was enhanced by a few large issues,
ndtably the $115,721,550 Gulf Oil Corp. capital stock and $75,000,000
American Tobacco Co.,
20-year 3%' debentures.
The
month's
total
filth
ranks
the
with
Monsanto
vertible
$4
dividend
leading
874,301 and compared with $115,984,763
$97,238,393 reported for February, 1947.
total
$216,965,889 was classified,
908,412 refunding.
principal issues for the month in addition to the
Gulf Oil Corp. and American Tobacco Co. issues were:
$25,000,000 first and refunding 27/8% honds and $25,000,000 4.3% preferred stock of the Philadelphia Electric
Co.;
$30,000,000 American Rolling Mill Co., 20-year 3% de¬
bentures; $25,250,000 (250,000 shares, no par value) of
Below
present
we
as
;
purchase
2.45%;,
&
10,890,000
of
AND
inc.
%
New Capital
-fl946-
Refunding
Total
maturity.
Co.,
New
Capital
10,680,000
Refunding
Drexel
Co.,
£j
Inc.
Co.; Mtillaney, Ross & Co.
Total
&
NN,
maturity.
yield
Offered
tromM.40%
by
Halsey,
to
Stuart
equipment
trust
certificates,
due
1948-1902.
Purpose, purchase of equip¬
yield from 1.25%
to
2.70'%
according
Offered by Salomon Bros. &
Hutzler, Drexel
Securities
Corp.
White,
Weld
&
emd
Co.
Inc.
Railway 2 Vs %
due
2!/s% equipment tmt
1,/ 1949-1958.
Purpose,
to
to
Co.,
Southern
Priced
2%%;
1,
Union
Stroud
•
&
.
RR.
July
Priced
to
to
■
,
Pennsylvania
annually
1916
equipment.
according
co.
<te
1947
&
1,400,000 New Ybrk Chicago & St. Louis RR.
certificates due annually March
and $2,-
ment.
—tl941
Hutzler,
2% %
KR. 2%%. equipment
trust certificates,
annually March 1, 1349-1958.
Purpose, purchase of
equipment,
Priced
to
yield from
1.45%.
to
2.55%.
"ac¬
cording to maturity.
Offered by
Halsey, Stuart & Co.
Inc.; R. W. Pressprich & Co.; Homblower &
Weeks; Otis
<Sz
Co., Inc.; Freeman & Co.; William E. Pollock oi
Co.,
Inc. and First ol' Michigan
Corp.
■financing is brought to light.
MONTHS 1948,
&
Stroud
due
1946, showing the different monthly amounts of
corporate financing.
Revisions of the 1947 and 1948 fig¬
ures may be
necessary, particularly as additional private
-1948-
Bros.
and
Corp.'; 'McMusfei' Hutchinson
;
tabulation of figures since Janu¬
a
Corp.
4,330,000 Missouri, Pacific
$219,January and
money
Salomon
,
Of the month's
new
by
Securities
•
ary,
SUMMARY OF CORPORATE FIGURES BY
•'
lor
Offered
Union
equipment trust certifi¬
cates, due semi-annually from Sept. 1, 1948 to Mau-h
:
♦
1, 1963.
Purpose, purchase of equipment.
Priced to yield'
;
from 1.30%
to
2,85%.
according to maturity. 'Offend
"by 'Freeman & Co.; Win, E, Pollock &
Co., Inc.; Ket.'at
A;./:;;Taylor & Co.; Central Republic Co.; First of
Michigan
44.7% of the total reported in January.
Municipal financing for February aggregated
The
Total
turity.
Co.,
1,620,000 MissouH-Kansfts-Tekas 1RR,
Issues placed privately during
February comprised 36
separate issues and footed up to $281,117,000.
This rep¬
resented/50.2% of the month's total and compared with
sspne pattern for the 18th month, showing new
greater than refunding operations, with the ex¬
ception of May, 1947.
Refunding
con¬
%%
the
New'Capital
cumulative
bonds and $13,000,000 St. Regis Paper
Co., 15-year 3%%
debentures.
-y..
money
$
Co.,
stock; $15,000,000 first mortgage
3Vs% bonds of the Illinois Power Co.; $14,000,000 Coosa
River Newsprint Co., 4% sinking fund first
mortgage
month* of
1947, this despite the prevailing dull market for iie;\v
issues.
Of the month's total, $545,880,788 or 97 5% com¬
prised new money and $14,C91;516, or 2.5% constituted
refunding operations.
Thus, the tiend of financing held
to
Chemical
preference
equipment trust certificates
semi-aiinUally
S
$
$
$
$
January.
$
3G4,849.374
2,590:000
367,439,374
260,909,431
103.335,204
364.744,693
Purpose,
134,670,053
545,880.788
14,091,510
559,972,304
180,343,822
1.30%
211,267,388
2.50%
47,616,401
119,204,001
271,362,410
253,874,054
30,923,566
310,723,947
318,978,811
mun
139,824,303
450,548,250
129,503.023
307,169,645
436,672,668
&
751,977,258
274,583,073
1,026,560,331
311,789,477
697,736,056
1,009,525,533
Sept.
15,
1948-Marclr
purchase
February..-
series
•
March
First quarter-
April
%
.
May
454.528,580
283,889,643
392,762,791
319,497,872
188,633,528
671,103,991
quarter.
859,737,519
213,807,327
732,416,105
314,559,864
350,651,431
1,718,109,224
793,083,035
1,414,518',213
fv-*''1:'.•
months—_
-
V '• i
:
1
;•
•'/
•
•:r
:•
.:
5
1,858,566', 823
886,102,732
369,051,533
147,461,407
304.261,824
367,632,081
104,757,061
122,187,231
380,544,595
171,098,753
146,341,925
j
898,474,568
392,874,893
1,291.349,461
907,782,367
702,592,565
October—.
/■
...
2,757,041,391
-
.
_
...
Fourth
1,278,977,625
528,947,623
83,126,999
1,009,294,814
243,118.879
2,238,512,516
-
surance
,
;
820,545,112
270,684,761
73,168,350
589,877,742
Twelve months.
4,752,435,028
Oa
tRevised.
86,315,940
1,551,786,1&6
&
Public
-<■
Service
Mutual
&
Bankers Life
and
125,000 Eastern
Insurance
Co.
27/8%
1st mtge.
Sold, privately to
Co.
3Va% ' sinking
1
•>.
Co.
bonds,
an
fund
m-
deben¬
676.193,682
*1,000,000
Gas
Georgia
Life
Insurance
Co.;
Teachers
Annuity Associations; Royal Neighbors of
Power
1975.
Insurance
Water
&
due .Feb.il,
1978,
Price, par.
Offered
„
804,521,175
&
Light
Cc.
America.,
Co.
5'/2%
debentures,
improvements, etc.
capital
Bioren
&
1st
corporate
In¬
Amer¬
of
Investment
Purpose,
by
Purpose,
Co.
Co:
mtge.
33/a%
purposes.
series
Price,
bonds,
101.
Fold,
privately.
272,781,782 '1,824,567,968
3,564,441,065 3,087,628,616 6,652,069,681
1 ■1 •
.
•/
■ ■: %,
■
r
.''V
,V
.
Life
Power
expansion.
1
comi>any.
15,000,000 Illinois
1,522,096,504 6,274,531,532
y.-^xv
'■
Mutual
Light
Purpose,
surance
343.853,111
113,297,492
691,223,683
UTILITIES
United
due
quarter^
'
tures, ;due Jan. 1, T968.
Purpose, extensions, etc.
Placed
privately with Equitable Life Assurance Society of the
States;
Connecticut' Mutual
Life
Insurance
Co.;
472,389,142
317,440,678
2,012,654,879 2,814,846,834 4,827,501,713
75,922,920 * 674,870,543
84,0G8,9G0
554,347,159
1,995,393,637
/
'
Ohio
Massachusetts
4,036,019,016
92G,167,8l5
i
December
Northwestern
1977..
ica
470,278,199
...
November.-
with
1,610,374,932
Third quarter.
451,493,579 %
1958.
(Ala,)'Gas Co. [1st rntge. bonds, 3'/a% series,
Purpose, capital additions.
Placed
privately
*2,000,000 Community
'156,800,417
—L.
months-
1971.
*500,000 Central
1,104,872,512 2,112,254,269 3,217,126,781
606,543,042
>
Nine
2,744,669,555
123,226,255,
258,357,364
I
Birmingham
due
2,207,601,248
483,316,787
September
Ripley &
Sons,'Inc. and Blair & Co., Inc.
due
July
August
*$1,000,000
665,211,295
611,519,659
1,106,589,565
15,
of
equipment.:
Priced
to
yield from
according to maturity. Offered by HarriCo., Inc.; Lehman Brothers; E. H. Rollins
$38,860,000
682,652,434
531,164,539
518,608,778,
to
PUBLIC
78,214,460
211.666.667
__
Six
$
.376,3141120
——
June
Second
*
Feb.
1,
and
■
Pcwcr
Co.
1978.
interest
1st
mtge.
30-year' 3'Vs %•
bonds,
c ue
Purpose, property additions. Price, 100.485
yield 3.10%. Offered by The First Bom on
to
Coj-p.; Goldman, Sachs
& Co.; Harris, Hall & Co. (Inc.);
Brothers; E. H. Rollins & Sons, Inc.; Central Rer
Co., Inc.; Hallgarten & Co.; Spencer Trask & Co.
Lehman
Treasury Financing: in February
USE
The Treasury Department announced on
Jan. 29
$2,189,290,000 in subscriptions were received and
of
Indebtedness
of
Series
B-1948
ments made between
in
the
Jan
interest
March
next
Outside
of
February
of
22
91
day
Treas.
bills
29
91
day Treas. bills
1,305,222,000
1,003.366,000
1,002,890,000
1,001,464,000
2,590,718,000
1
Janv.
Ctfs.
1
.
U.
•:
"
15,
1948, in the
the
above
Jan
Treasury
STATES
Dated
operations
TREASURY
the
to
'
usual
FINANCING
5
91
day
Treas.
bills"1
90
day
Treas.
bills
19
91
day
Treas.
bills
91
day
Treas.
bills
26
1
Ctfs.
Feb
1
U.
Amount
Accepted
Feb
1,635,902,000
1,303,405,000
99.762
days
1,914,793,000
1,305,222,000
99.760
99.753
91 days
13
Jan
22
91
days
1,447,250,000
1,539,292,000
1,002,890,000
99.752
Jan
23
February—__ -6.918,347.411
two
29
91 days
1,546,942,000
19
Jan
1,001.464,000
99.750
Dec
16,048,684,554
6,199,379,000
"TNTRA-GO VERNMENT
$
42.000,000
1 year
2,590,718,000
2.590,718,000
101-12 yrs.
12 years
770,153,343
9,824,000
770,153,343
2 yeais
143,294,800
'
Jan
Ohio
185,859,000
22,190.000
*
163,669,000
64,190.000
S
1
Certificates
1,003,366,000
100
v
1 Va
i a
.Aa/i'V
2 -A
100
V 9,824,000
143,294,800
100
93,000,000
for
i 150,000
43,530,000
5,741,000
142,271,000
February
b
sales
of
special
43,680,000
98,591,000
K
Savings
Below
we
and
Loan
107,870,000
/•.
series
certificates
Insurance
give complete
92,850,000
and
!
notes;
■
1st
Co.
mtge.
bonds, 3Va%
series,
construction.
Price, 100.75 and
Mericka
&
Rothschild
&
Transit
Co.
trust'bonds,
due
Price,
Co.,
15-year
Feb.
100'/a
1,
and
Inc.;
and
Co.
4Vfe%
The
1st
Co.; '
Ohio
Thomas
&
mtge.
Co.
&
coJ-
1963.
Purpose, purchase
interest.
Offered by The
Co.
C
Dillon
certificates
Corporation,
details of the
brought out in that month.
Co.;
Bacon, Whipple & Co.; Baker, Watts & Co.;
& Co., Inc.; The Illinois Company; Moore,
Lynch; J. M. Dain & Co.; Farwell, Chapman
& Co.; Pacific Northwest Co.; Kalb, Voorhis &
Co.,; McJunkin, Patton & Co. and Smith, Moore & Co.
F.
Boynton
Leonard
6,000,000 Tampa
&
Electric
Purpose,
Co.
1st
mtge.
construction.
Price
bonds,
100.97
3%
and
series
due
interest.
1978.
Offered
by Goldman Sachs & Co.; The First Boston Corp.; Salomon
Bros..& Hutzler■ and White, Weld & Co.
*8,500,000 Wisconsin
Aug.
and
/
capital flota¬
'&
ers
291,260,000
Corporation.
including
'
9,130,337,143
—_
■
L. .F.
H.
to
tions during February
January..!—
15-20
Placed
& Co.; Goldman, Sachs & Co.; Lehman
Rothschild & Co.; Stone & Webster Secu¬
Wertheim & Co.; Central Republic Co. (Inc.);
F. S. Moseley & Co.;
E. H. Rollins & Sons Inc.; Shields
& Co.; Estabrook & Co.; The Milwaukee
Co.; Stern Broth¬
notes
Federal
Rapid
Brothers;
•
Adjusted Service Certificates Fund and
Unemployed Trust Fund
to Federal Old Age and Survivors
Insurance Trust Account
Civil
Service
Retirement
Fund,
Foreign
Service
Retirement
Fund,
Canal Zone Retirement
Fund, Alaska Railroad Retirement Fund Postal
Savings System, Government iLife Insurance
Fund, National 'service
Life
Insurance
Fund,
Federal
Deposit
Insurance
'
'
Life Insurance
Co.
J.
F.
Eastman,
49,271,000
and
mtge.
rities Corp.;
'Notes
sold
1st
properties.
25,000,000 Philadelphia Electric Co. 1st & ref mtge. bonds, 2%% series
due 1978.
Purpose, new capital for construction program,
Prdce, 99.25 and Int.
Offered by The First Boston Corp.;
192.669,000
i
'■
t
Purpose,
Wm.
L.
equipment.
Ohio
>
256,859,000
January
Co.;
of
29,000,000
,
Service
1978.
Co.;
'
$
71.000,000
for
Ira
&
lateral
Net Issued
•
of
Offered !by
Halsey, Stuart & Co. Inc.; Ball,
Kraus; William Blair & Co.; Fauset, Steele <&,
Haupt & Co.; Hill & Co.; Hirsch & Co.; The
Illinois
t
Retired
1,
&
Otis
1,645,765,554
FINANCING
Jan.
Co.;
500,000
t
'Public '
Burge
718,968,411
14,402,919,000
•
4%
Inc.
company.
Lighting Co. 3% 10-year bonds series G due
Purpose, pay bank loans used for construc¬
1958.
interest;
February-
*0.990
1
/
,
1,
River
Power
Co.
2%%
1st
mtge.
1977.
privately
•
to
Purpose, construction.
Northwestern Mutual Life
Price,
bonds,
par.
Insruance
due
Sold
Co.
$88,425,000j-5
IRON,
every issue of any kind
*$30,000,000 American
'
STEEL, COAL, COPPER,
Rolling
Mill
Cc.
ETC.
20-year
3%>
debentures,
due
'
Jan
30
Feb
5
91 days
Feb
G
Feb
13
Feb
19
90 days
91 days
Feb
17
Feb
26
91 days
Jan
20
Feb
1
Feb
months—
due
542,000
for
f.
>
■
Co.,
acquisition
insurance
an
Connecticut Mutual
Ohio
111,122,600
for
Notes
*0.981
Jan
;
542.000
$
*0.976
15
Jan
,
and
10,000,000
607,303,8-11
January—
*0.950
Total for
1,000,528,000
1,105,989,000
111,122,600
notes.
Dfrtificates
*0.952
91
;
Antic'n
'Total
*Comprise
90 days
i-
1,
-
tion.
Price, par. Sold privately to Metropolitan Life Insurance'Co.;'Aetna Life Insurance Co.; Northwestern Mu¬
tual Life Insurance
Co.; Mutual Benefit Life Insurance
Co.; Equitable Life Assurance Society of the United States
.
2.189,290,000
Issued
•
8
Jan
S.
Tax
I
Yield
2
Jan 1-31
2,189,290,000
607,303,811
903-224,000
1,000,348,000
,
Jan
Jan 1-31
l;000,528,000
1.105,989,000
indebt.—
Total
;
$
Price
'•'
1
Jan.
926,797,143
•
Service
Purpose,
privately with
-•
1'MH
Jan
1
of
903,224,000
1st
mtge.' bonds,
3%
series
additions, etc. Price, 100 99
Halsey, Stuart & Co. Inc.; Wil¬
by
-
Water
bonds.
year
143,294,800
8,203,540.000
„
Co.
property
Offered
Co.
Kentucky
9,824,000
1,000,348,000
Savings bds.
Depositary bonds—
;Feb
weekly
2
Jan
&
*800,000
c
in
26
Jan 1-31
1,002,890,000
1.001,464,000
399,130,000
DURING
Purpose,
Blair & Co.; Dick & Merle-Smith; The Illinois
Co.;
MUllaney, Ross & Co.; Otis & Co.; L. F. Rothschild & Co.;
Stern Brothers &
Co.; Walter Stokes & Co. and Thomas
2,590,718,000
.
Applied for
Due
interest.
Co.
Light
liam
770,153,343
9,130,337,143
13
Feb
of. the called
Department
and
1,468,000
/■
143,294,800
January-——
Feb
Treasury bills, Savings Bonds, Tax Anticipation
Jan
2,057,000
1,301,348,000
1,303,754,000
1,003,366,000
'
its
Amount
9
for
'Feb
offering will be given in these
the
1978.'
9,824,000
notes.
Feb
«
case
$
'
Antic'n
&
due
770,153,343
Feb
Total
Date
Dec
bds.
Wisconsin
Power
*12,000,000 Long Island
Total
J an
Savings
Depositary bonds__
Tax
Total
C-1948, maturing March 1, .1948,
Notes and Depositary Bonds.
Offered
indebt
•
The
C,000,000 Iowa
$
month.
confined
UNITED
of
S.
and
New
Indebtedness
$2,141,731,000, 2% Treasury Bonds of
The results of this
columns
sale
of
as
bills
Jan
March 15, 1948, in the amount of
$1,223,495,850.
Ex¬
changes will be made par for par in the case of the ma¬
turing certificates, and at par with an adjustment of
bonds.
1,303,405,000
bills
Treas.
Jan
redemption on
1948, in the amount of $1,1'15,367,900, or 2%%
Bonds of 1948-51, called for redemption on
Treasury
bills
day Treas.
day
Jan
1948-50 (dated March 15,
1941), called for
March 15,
day Treas.
91
of
of
of
90
91
arrange¬
the
amount
2
8
Jart
the' Treasury Snyder on Feb. 18 an¬
offering, through the Federal Reserve
Banks, of 1%% Treasury Certificates of Indebtedness of
Series C-1949, open on an exchange basis, fin authorized
denominations, to holders of 7/8% Treasury Certificates
in the
$
15
the
of Indebtedness of Series
Refunding
Jan
Treasury and the Federal Re¬
System, holdings of the System of maturing certi¬
ficates amounting to
$1,614,072,000 were presented for
cash redemption on Feb. 2.
Secretary
Accepted
Jan
serve
nounced
Total Amount
$
Jan
By
public
Security
Dated
ac¬
amount
Feb. 1,11948.
FUNDS
Type of
that
cepted to the offering of Series B-1949 one-year'1 Vs %
Treasury Certificates of Indebtedness offered in ex¬
change par for par to holders of Treasury Certificates
$3,946,060,000.;which matured
OF
13
Feb 1-29
Feb
Feb 1-29
Feb
' 1 year
10-12 yrs.
12 years
Feb 1-29
Feb
2 years
,
Total
Total
for
for
1,769,487,000
1,524,512,000
1,460.777,000
1,537.578,000
2,18.9,2.90,000
903, 224,000
a
99.751
99.748
*0.996
99.748
*0.997
2,189, 290,000
2
111 ,122,600
111,122,600
100
v: ■' J
a
100
'
V
v--''
'
>•
•
.
|
bank
16,048,684,554
have
basis;
a
Comprised
of
three
sepa¬
maturity, are sold on a
2.90%; series F have a 12-year maturity,
"are sold on
a
discount basis, at
74, and yield 2.53%; and series G
have a 12-year
maturity, are sold at 100, and bear 2J/a% interest,
b Comprised ®f separate
issues, designated Treasury notes of tax series
C-1947, C-1948, C-1949 and C-1950. Series C
:
•
aboit
1.07%.
■
■
on
page
6)
t'I!\
i
&
.
•
In the
RAILROAD
Ohio
due
10-year
earnings
'
'
$4,900,000 Chesapeake
discount
.
(Continued
Than Five Years)
6,918,347,411
rate series, of which series E
discount basis at
75, and yield
Capital Flotations
Long-Term Bonds and Notes (Issues
Maturing Later
'
b
'
•
During February, 1948
l'/a
a
542.000
■
Details of New
*0.994
100
607, 303,811
"i
542,000
Placed pri¬
vately with Equitable Life Assurance Society of the United
'States.;
;
\
*
%
'
♦Represents issues placed privately.
%
:
1,000 528,000
607,303.811
two monthson
*0.990
1,105, 989,000
February.
♦Average rate
4968.; Purpose, modernization and expansion.
99.750
1.000, 348,000
Ry.
2%
equipment
trust
certificates,
annually Feb. 15, 1949-1958. '
Purpose, purchase
equipment. Priced to yield from 1.30% to
2:35%
of
according
maturity. Offered by Salomon Bros. &
Hutzler, Drexel
& Co., Union
Securities. Corp. and Stroud & Co., Inc. *•■
to
5,040,000 Chicago, Milwaukee,
ment
1,
trust
St. Paul & Pacific RR. 2Vi%-equip¬
certificates, series CC, due semi-annually Aug.
lowing
and
the
comprehensive tables
pages
two
we
compare
months'
on
the fol¬
the February
figures with those
for the
corresponding periods in the four
years
preceding, thusJ affording a five
year comparison.
1948-Feb.
Priced
to
1,
1958.
Purpose, purchase of equipment.
yield from 1.25%
to 2.50%
according to ma¬
■
al
153,uo0
•
98,346215 24,5 0 25,79450
-194 Refundi g 95,uo0 3, 46",215
16,2590
Total
Reiund g 137,820
25,0 0
162,80 17,3860 17,950 8,362,50 205,8 0
24,07 0 2^0*,0 2,84 290
Capitl
New
Total
25-7,4•30 37tT9~L80 24.o-i01
s
318,97 1 38,40 79.2,850 437,216
Reiund g 25,410 14759 6 4,31674
271,3640 20,6 0 23,0 50 314,290
$
-1046
New
8,670 6,340591 43,9581
28,9520
Mew
iUSMCtntlapOSoUlhbiecagnrspde.tlfeynscd.
Totial
10,95372 21,67.38 *7,81 0 45760, 58,3 0 97,238 9 489,65178
75,0 0
30,92 56 <,810 4576O,0 24,035 0 1.203,16
4o,24
-1947 Reiund g 8,3 1986 18,3 plo0 4,13 4 0
$
•
Tui.al
130,
596,516
Keiun ig 13,4950
-1948
*!>
OF
SUMARY Capitl
New
$
163,4 0 7,0 0
368,07 48~105,46 129,76832
4,15780
4,15780
4,8 290
4,8 290
186,2590
98,346;215
9,48,290
9.23,0 2,0 ,0
19,0729
4,32,0
109,570 60,850
8,50 0 62,15780
162.8,0
97,0 0 60,85 0
4,8 ,290 12,57 0
4,8 290
160,9 5
14, 5780 40, 0
162,80
9,48,290
4,90,0 2,0 0 28,95290
6,4580
—194C Refundi g 162,4930
$
■
$
950. 0
Capitl 542,0
8
.
'
Total
8,30 3,40 0
$
1,80 0
-1947 Refundi g
$
7,08 0 219,874301 50,
Total
38,510 2,908412 5,09 28
38,570 216,958 50,0 801,96 7
6,580 3,40 0
$
New
$
•
-
SatnedsRcorui.
CNOORGPREAUWFTPEI
ACHNARDTE
46,1284 1.3.50 7,81 987 1,97,50 61,53 81 163,4 0 12,50 49.62,84 80.63 50 4,0 ,0 7,81 987 1,9750 318,97 1
5,20
13,59 48
4,735 0 4,"96l70 18,50 0 79, 6 0
5,07 0 5,07 0 30,927 23,710.386
485, 0
75,0 0 75,0 0
47961,0
1, 357386 8,31986
17,085 0
5,0 0 5,0 0 13,07 2
17,364 1
4,250
61,462
18,9 410 162,4930 1,708 13,59 48 79.50C 4,0 0
950, 0 542,0
32,54876 1.3.50 7,81,987 1,3603 42,6 401
4,92,0
3,50,0
New
Capitl
857,460
5,20
25,410
79,50 4,0 0
'
MaQnuitooPebrbdvincfces
257,430
3,50,0 79,50 4,0 0
Total
54,807
381,502 487105,46 Ju4,o-±
'8^50, 58,0 0
8,50 0
I
14,09516
2
92,80 5,46215
4,90 0 2,0 0 24,07 0
4,60 0
$
New
1805,349,722304
•
Mew
3,46215
4.3 2.0
Refundi g 97,0 0 60,85.0
34,0 96,03527 310,679
10,95372
Capitl 71,5946 5,u0o 7,uL!-*iO lo,74jyo
*-
178,926
7
.
3,46215
9.23.0 2.0 ,0
4,60,0
109,57 0 60,850
Capitl 12,570
tOboligatfns
79, 6 0 5,07 0 i 19,872 6
$
~
$
—1945
FYOMETBIRVAFHUINASFLCUOAGNPRMD GoFvetrnmdhfa,rgomlunicpylesYFEIOAVMBTRFUSHNSUTIAEHSNRED
Capitl
47,6140 18,20 56.92350 12,8 751
4,920 2759,134 20, 726
$
95,0 0
10. ,0 40, 0
$
19,0729 U7,3860 26, 0 14,70391 249.816,3
$
153,0
J
2,0 0 2,64 290 25,0 0
$
92,80 19,6 95 40, 0
$
Capit l
Total
7,46195
Reiundi g 92780 0 2,0,0
-194
148,657
62,15780
7,46195
8.560, 6
-12,0 40, 0
92.8076
$
58,0 1,653785 2,46195
$
New
GOFVEORCRNMEIPGTN,AT,
$
10,85132 73,42091
Capit l
-1945
Total
160,9 5 24.5 ,0 36,59632 2 ,08627
5^0 ,0 2,4619^5
$
Tot
'71,5946
89,930 20 ,0
3,0257 27,96 749 15,72 50
38,60 8,4250 30, 0 178,0 20, 0 6,50 0 19,70 381,502
271,362410
36,042876 1.3 5C0 7,81 987 1,36,038 47,61 40
2.0 .0 20,1 70 76,21578 8,30 3.492,7
89,930
68,4586 5.16,10 2,0 0 93,67 0
708,930 4,62140
89,930 20 ,0
51,250
23,659.136
61,462
2,46 580 1,80,0 17,085 0
536,750
1.29,07 15,0 3 53,749208 6,580, 0 16,407 2
67,90.136
1,75620
4,961 0
708,930 5,831786
89.930 20 ,0
1,29.07 87,65914
178,403 38,60 12,4507 30, 0 205,983.74 135.72 50 6,50. 0 21,45620
—
-198
Refundig
$
9,650 5780 ,o 5
596,516 596,516
13,4950
3,0257 27,96 749 15,72 50
Capitl 38,60 8,4250 30, 0 168,320 20, 0 2,70 0 19,70 368,07
$
New
1,59734
9,65,0 37806
596,516
21,16870,33842590.
59,72304
14,09156
17,837 38,60 12,4507 30, 0 196,28749 135.72,50 2,70,0 20,859734 54,807
-nYFEBRUA aoteds J notes notes governm_t acies&t.,Posein bfiunoctyalindeseDevlopmdnt FEBRUAYNotes— —: etc. s manufctrig hetorlatdcin.g, — Note etc—: manufctrig. hteoraldtcin.g, etc manufctrig hteroaltdcin.g,' etc manufres. manufctrig- htreoaldtcin.g,1
stock stock boanndds Comstocokn foreign- bLoonagn-ntdedrsm Short-em Comstocokn corpate CGoavnerndmiant BIntearaniokl foreign GLooavantdn, •Municpal—Stes,Staes toal dfinguoorets flBiuotcaranroknl OMONFTH BLooangn-Tdesrm Railr;oads1:utiles ccospoteaerl,l,, Eqmaunuifptment aacesnorid inadunstdrl beuiltdcngs, ShipingtIrnuvesstmn, Miscelanous BSohaonrt-dTesm Railrods utiles- ccosopteal,,l, Eqmaunuifpctmreesnt anoieds inadunstdrl beuiltdcngs, ShipingtIrnvuesstmn, Miscelanous 1Railrods utiles ccsoopteaerl,l,,Eqmuaniupfmcteesnt anordi inadunstrdl 1 beuildtncgs, ShipingtInrvuesstmn,Miscelanous Total- Railrods utiles ccsootpeaerll,,,Equipment aacensordi inadunstrdl beuildtncgs, Ship_n.gtIrnvuesstmn,Miscelanous secocurpritate
MONFTH bonds Short-e_m Presftockd Presftockd
DtCorp ae- omestic— Long-term Pref red Com on Candi — Long-term Short-em
'7-,
"
'j
Other Farm
J
''
^
f
Grand
Total
Other
.
.
Jl
11
United
Total
Total
•Thes
'•
:
.
Public Iron, Motors Other Land, Rub er
Oil
Public Iron, Motors Other Land, Rub er
Stocks—
Total
Public Iron, Motors Other Land,
Oil
--
Public Iron, Motors Other Land, Rub er
Total
3
3
<1
O
c
►—«
3
0
07
c
-a
a4
3
w
O
O
W
o
>
r
'
86^2510 4,23,245
246,950
>..
$
Capit l
74,850 2r~95,8 4,23,245
Total
S
10,38910
426, 30 52r37~"40 10,5923 25,0 .0
New
40 ,0 0
10,5 0 148,70 32,0 0 40, 0
s
35,278903 1^,/XU J
Capit l 10,50
$
90 ,0 0
New
Total
w
72,9621 10.75,0 105,380
Capitl 26,9570 1,30, 0
Total S 31,65 0 148,05480 93,lay385
572,8 65 68.95,0 15,26.598
Total
Reiundi g 31,508 72,"48907 4,526,74
390,56.41 49,60 25,91.50
Refundi g $ 241,5730 132,470 30, 0
-1945
$
:
.
$
90,468345 10,5 0 148,70 40 .0 0 67,2945 50.13890 ~0~00~0~,0 15,0^6
18,92 15 "0~,540 0
63,92 15 147,80 40 .0 0 37,29 15 4iro~ o 5rio*,65
16,40 230 10,3890
26,53910 10,5 0 90 ,0 29,0 230 50.13890
■ .;
7,60 . 0
New
r
170,3 .0 1,80 1,0 ,0 30,2950 104.5 ,0 10,250
S
10,4 0
451,6 30
5,0 ,0
46,~256 93 1.75,0 io, b~o6 62,431693 268,51430 138,0 83,56 93 1,75,0 9.~23 0 12,50 0
4.3 2,0
408,359 0
5,0 ,0
19,324 0
8,398.27 32,7 472
241,5730 137,40 49,324 0
4.32.0 8,39 27
26,932493 1.75.0 1,~601~728 29,70 21 26,9570 1,30, 0 34,52493 1,75,0 40,"9O0, 4,10,728
4.90 , 0 2,50 , 0 43,2870
31,6580
70,31590 36,450 102,91 8 1,3 50 7,81,987 12,3580 241,9 865 170,3 .0 82,17 590 37,450 13,2869 15,83 0 10,25 0 7,81.987 15,73 80
31,508
3,50 , 0
Refundi g 162,4930 1,2580 25,04958 104.5 0 10,25 0
-1946
45
9,23 ,0 2,50 , 0
-.
$
4^
35,2945 10,3890 45,"o~ 6o
.
■
Capit l '43,2870 19^64,928 10,5-923
-1946
f
/
13,50 0 40, 0
37.60 0
$ 268.514,30 13,80
;;
'
"
o
t-H
10,4 0 74,850
s
41,08-72 17,3860 213,40 30,89650
-
O
5,10 0 172,0
■
514,0793 tl7.3860 23.58,0 135,9458
•
New
o
15,0 0 246,950
Refundi g 147,~80 o56 40 ,0 0 18,0 0
-194
Refundi g $ 38,5930 32,7 ~472 25,0 0
-1945
r
1—1
\-
236,09215 5,230 39,5760 7,290, 0
s
$
Total
37,41835 5,230 75,236503 20, 0
Refundi g 172,0 63^92~15
-194
>
o
8°
I—I
$
>
Ol
00
Total
3
01
0
49,32840 23,759 71
3,927,852 7,015823
3.927,852
162,4930 60,5840 48,0915 104.5 0 10,25 0
F817'90344236,5121.86,,7,703.19*859954CfMiUOQSttbpoOPnhauFGolfrgbanerevloichrmegadunndgmifycsdcplt.sesy-•*~-^•-—*YEM2TFUTSNIIOSNWVAHDHA8IRBRES.D >235^50476f£771j,63,42.4,982091,8.1'3/4s
EFYM2TNLMFAFOIIWUDVAOHNA8'RBRCRSDP.MGL
• :U
Capital 18,07412 75~16,4oI 8,6241
New
Total
-1947
$
39 ,0 0
37,6 0 59,750 5-±,34jJ0 73,8459
39 ,0
236,709514 56,40 3,8604 53,47086
927,41678 135,09 3o,859064
5 0, 0
NOCGAORREPNUFPWIDATE
5 0, 0
910,73162 54,6 0 31,25637
"
Capit l 691,20 . 150,72854
rs
New
OSUMFARY
Short-em Other Long-term Short-em
2
H-'}
v1
"...
,
'i
:
si'
■
if
127,250
-708,93 4,621,40 40,796 84 1,80,0 59,23 104 3,0 ,0 2,57850 "16,3110 25,0 0 708.930 8,791,786
3,05,0 3,05,0
89,930
89,930
56,40 56,40 17,28 72 54,80 93 3,20,0 1,291,07 21,3012 98,0379 34,0 0 46,087 2 19,50 0 239,14803 3,20,0 1,29.07 97,53476
.
35, 9104
V
Reiunt g
$
19,64 1
<
*f
—1
286,709514
62,40 245,60 30, 0 194,570 70, 0 6,70 97,0 0 70,2470
10 ,0 0
10 ,0 0
10,8950 3,~80 0 1,390, 0 16,085 0
$
Capit l 62,40 24b,6oU0 30, .0 183,620 70, 0 2,960, 0 96,510 -691,20
$
10 ,0
10 ,0 0
3,0 4,9 6
20,64 78 62,40 284,510 30, 0 257,3 7 185,72150 6,7G0, 10,94^ 6
596,516.
38,50145 62,836^7 15,72150
596,516
2,408,430
219,46812 62,40 284,510 30, 0 246,587 185,72 50 2,960, 0 98,1430
38,50145 62,83 7 15,721 50
Nevv
10,8950 3,80,0 1,986,516
10,2,9736894 bSatonyeidsRD*covlrupmi.n 28 Notes- etc., -• manufctrig —re¬hotldcin.g, Notes— manufctrig —heoltdcin.g, ; — manufctrig- — heoldtcin.g,— manufctres.^— manufctrig —• hoeldtcin.g, 91160,,738625'j
SW^otal Candian Other Loan United Grand "Thes "Statefsi,
Farm
r"
-1948
CHAR TE
F2EEN8DB. -.•-•Corpate—':-. boannddsi- Presftoc-—kd CsotmocknCandi—bonaotLenos—ndg-tserm — Prestofck—dCosmtocknforeign-—,bnoaotnensd—ds Prse—tfockdCosmtockn corpateGvrnmtBIntaernai_ok.lfogorvernemt—ignGaoavcnitsd,&♦Municpe.al—St,es,Posin—.Staes toa-l- fiundcfilgdousreetsBInarnrkiol
MONTHS Domestic— Long-term Short-em
164,7902
S
Total
16,8156 80,45 0 74,<JUO,42
•.
84.4
Refundi g 1,80,0 23,90 0 3,0 ,0 2,4306 113,~06 1~, 25,0 0 1,35 86 90,27086
New
Refunamg■ - 16,085 0 596,516
$
7,81,987 1,807948
7,820. 0 21,58 190 37,450. 7 ,329 1,3 50
89,930
89,930
59,750 59,750 52,6 876 54,932153 3,20,0 2,0 ,0 25,9152 138,0 481 36,20 0 105,32687 2,50 0 261,70 653 16,81 0 25,0 0 2.0 ,0 106.32,5
36,20 0 52,70 0 2,50 0 206,75 0 13,61 0 26,OU O 20,8 0 37,6 0
•
10 ,0
-1948
21,043190 36,450 79,23 417 1,3 50 7,81lT987 8,307,948
3,50 , 0 18,07412
$
S
3
70,240 68,746308 15,36/0
GFCOOVRREPRENIMGANTT,, notes—
-1947
10,273497 41,253 1 5,13 0 .i0,6fct7o8
iUO.UO
Total
1,0 0 5.245, 12
Capitl :vV 34,0 28,0 0 19,50 184,3 .90
134,758 0 7,81 0 45,3 0 12,35189
S
New
Total
-
-t
■
Capit l
*$
*
New
10,27347 576,0128 7,81 0 10,67 0 32,0 257
Reiu ding 90,27086 '3,05 0 2u,4J2jo 20,31 734
$
Capitl 7,320. 0 542,0
182, 645 19,025 0 125.34098
$
v..".
'
FEENDB. Baonds ■— utiles— ccopoal,,manufctres ■o-i inadunstdrl beutcil._d—ngs, ~— ttrraudisng,,Miscelanous Baonds utiles—eccotpoa,l,manufctres oies inadunstrdl beutc.i—ldngs, — trtarduisng,,Miscelanous ' utileseccotoparl,,manufctes ori- inadunstrdl beuitldcn.-gs, ttrraudsing,,IM—iscelanous, utiles-,eccotoparl,, acesori. inadunstrdl beuitlcd—ngs, ._ ttrraudsing,,Miscelawn_—=ou sceocrupritate
MONTHS Long-Term
Railrods ste l, Equipment Maontdrs
2
Public Iron,
Other Land, Rub er
Ship—ing investmn
Total
Short-Tem Railrods Public ste l, Equipment Maontdrs
Iron,
Other Land,
Ship ng Investmn
Stocks—
ste l, Equipment and
Public Iron, Mot rs Other Land, Rub er
Investmn
otal—
T
ste l, Equipment *srotMand Land, iRuber-. Shi^pWg' Investmn
Public Iron,
Other
Total
f>
I
(Continued from page 3)
-
"
'
INDUSTRIAL
OTHER
American
ing
of
with Mutual Life Insurance
notes, due Jan. 1,
Placed privately with
American Stove Co. 3 Vi %
corporate
purposes.
?
Co.
surance
Brunswick Pulp & Paper Co. 3VorA
pose,
expand producing-facilities.
-"3,200,000
York
Life
Co.
Insurance
1963. Purpose,
Prudential In¬
Lutherans;
stock
.
1962.
(j
•
0
.
Co
,
3Varf 15-year- notes.
Co., Inc.
^
.
;
/
t
i
V
.
share
Purpose, ex¬
through
pay
*500,000 Joyce, Inc. 4%% 10-year loan. Purpose, expansion. Placed
privately with Continental Casualty Co. and Continental
Kuner-Empson
125,000
bonds, due 1959.
Offered
by
cher
,
*2,000,000 Neptune Meter Co. 2.25% & 3%' notes due Jan. 1, 1949-52
and Jan. 1, 1953-63.
Purpose, corporate purposes. Placed
*4,000,000
Electric
Noma.
sinking fund debentures,
3%%
Corp.
due
&
1,
capital,
Life Insurance Co.; Connec¬
and Connecticut Mutual
Co., through Baker,' Weeks & Harden.
panies including Metropolitan
Life-insurance Co.
General
ticut
Life
Insurance
fund
Paraffin Companies, Infi. 15-year 3 !4 %>' sinking
notes,
due Feb.
1, 1963.
Purpose, plant expansion.
Placed pri¬
vately with Metropolitan Life Insurance Co. and Mutual
Life Insurance Co. of New York through Dean Witter & Co.
*12,500,000
St.
*7,500,000
15-year
note.
Feb.
N.
Life
Pipe Line Co. 2.55%
loan (guaranteed),
1951-July 1, 1962. Purpose, construction of
Sold privately to Metropolitan Life Insurance-
Travelers
Insurance
due
Jan.
15,
1973.
„
300,000
*4,000,000 Shaker
000);
with
mortgage
Co.
bonds,-
•287,253
prop¬
refunding, ($3,800,Placed privately,
Purpose,
Benefit
&
_
Co.,
MANUFACTURING
AND
i
stock
mon
of
Newark, N.
J.
per
Cleveland
.
>77.-•:•
-..jc..
Jan.
150,000
O'Dcnohuc
J.)
(Joseph
IV,
share.
derwritten
ness
New York
5.5%
stock
Inc.
$4.10
sinking fund
one
Inc/ 3% series B. debentures, due May.
working capital."' Price, $97.46.
Sold
privately to Equitable Life Assurance Society of the United
;
Propane Gas Co. 10-year 4%% sinking fund
due. Dec. 1, 1957.
Purpose, expansion. Placed
with
privately
Dillon
i
52,780
Suburban
insurance
i
-
.
companies
through
Eastman,
and
STOCKS
value are taken at par, while pre¬
ferred stocks of no par value and all classes of common stock are
computed at their offering, prices.) '
stated par
PUBLIC
ferred
Water
stock
corporate
v' 298,900
UTILITIES
,
of 5% cumulative preliquidate note, general
Offered By Butcher &
Sherrerd;- Wegener
Minot, Kendall & Co.,
Inc.; Battles & Co. Inc. and Southern Securities Corp.
$300,000 Boise
"
Jenks,
3,000
Corp.
(par
$100).
purposes.
share.
shares
Purpose,
Price $99%;
& Daly, Inc.;
Light & Power Co. 12,200 shares of common
Purpose, additions, etc. Price, $24.50 per
Offered for subscription by stockholders.
Central Ohio
stock
consisting
Offered
Pinney
&
Kirkland
564,906
for
of
shares
of 2 shares of
subscription by
Winslow,
Co.;
&
(par
$10).
Co.;
Moore,
Carl
Co.;
M.
'
Moroney,
Maynard
Co.;
W.
The
•
Ohio
•
Beane;
<te
The
Louis Co.;
Mltchum, Tully
Carl
Inc.;
Newhard, Cook & Co.;
North¬
Pacific
California;
Curtis; Peters, Writer
Pforzhelmer & Co.;
H.
Piper,
& Co.,
Shepard
Hawley,
Prescott,
Hopwood;
Securities
Co.;,Nashville
&
of
Co.
Paine, Webber, Jackson &
&
McJunkin,
Beissner & Co.; F. S. Moseley
Murch
H.
Pacific
Co.;
Christensen,
Jaffray
St.
Co.;
&
Newbolds Son & Co.;
H.
west Co.;
&
Monell
Co.;
Fenner
Leonard & Lynch; Moors & Cabot; Morgan
Co.;
&
Co.;
Metropolitan
Minsch.
Co/
&
Pierce,
Lynch.
Co.;
&
Turben
McDonald
Co.;
Merrill
Co.;
&
&
Masten
&
common
war¬
The
Price,
common and
stockholders
Douglas
&
McEvoy
5,278
shares
of
stock
(par
$10).
Purpose,
per
share.
Offered
6% cumulative, pre¬
plant improvements.
by Peters, Writer &
preference
250,000 shares of cumulative con¬
stock $4 dividend
(no par).
Pur-
general corporate
purposes.
Price, $101 per share. Smith, Barney & Co.; Arnhold and
S, Bleichroeder, Inc.; Bacon, Whipple & Co.; Baker, Watts
& Co.;
Baker, Weeks & Harden; Biddle, Whelen & Co.;
Bioren & Co.; Bitting, Jones & Co., Inc.;
William Blair,
& Co.;
Blyth & Co., Inc.; H. F. Boynton & Co., Inc.;;
Alex.
Brown & Sons; C. F. Cassell & Co., Inc.7 Central.,
Republic Co. (Inc.); Clark, Dodge & Co.; E. W. Clark
& Co.; C. C. Codings ana Co., Inc.; Julien Collins & Co.;
J. M. Dain & Co.; Dillon, Read & Co. Inc.; Dixon & Co.;
Dominick & Dominick; Drexcl & Co.; A. G. Edwards &
Sons;
Elkins, Morris & Co.; Equitable Securities* Corp.;{
Estabrook & Co.; Clement A. Evans & Co., Inc.; Farwell,;
Chapman & Co.; Fauset, Steele & Co.; First of Michigan;
Corp.; Folger, Nolan Inc.; Glore,. Forgan & Co.; Goldman,,,
Sachs & Co.; Goodwyn & Olds; Graham, Parsons & Co.;
bank
loans,
Scott
Co.;
& Hutzler;
Bros.
&
&
M.
&
Agnew
&
Maynard
Co.;
Cartwright
&
Thomas
&
Spencer
&
&
Co.;
Co.
Inc.;
&
&
Sweney,
Swiss American Corp.;
Co.;
&
Tucker, Anthony & Co.; Un¬
Co/* Union Securities Corp.; Vietor,
Co.;
H.
Walker,
C.
Wainwright &
Austin
&
White, Weld & Co.;
Dean Wit¬
Wood & Co.; Woodard-Elwood & Co/,
Wertheim
Co.;
&
Weeks & Stubbs; The Wisconsin Co.;
Co.;
Co/ Harold E.
&
Dulles & Co. and Yarnall &
'^Represents issues placed
Co.; G.-H.
Watling,
Waggener;
Lerchen
ter &
Agee
Stone
Townsend, Dabney & Ty¬
Whiting,
Wurts,
&
Trask & Co.;
Dann
Common,
&
Sutro
Sterne,
Stix & Co.;
Stroud
Tifft Brothers;
Neuhaus &
derwood,
Walker
Co.;
Co.;
Minton
Sills,
Co.; F. S. Smithers
Co.;
&
Co.;
&
Corp.;
Securities
Webster
Dallas
E. H. Schneider
Inc.; Schwabachcr
Starkweather & Co.; Stein
Brothers
Stern
Boyce;
Stillman,
Leach;
Co.;
Singer, Deane & Scribner;
Simon & Co.;
William R.,Staats.Co.;
Co.;
son;
&
Chas. W. Scranton & Co.;
Stringfellow;
Shuman,
Co.;
Smith, Barney & Co.; Smith, Moore &
Brcs.
Inc.
Monsanto Chemical Co.
Salomon
Son;
Shields
&
Rauscher,
Riter
Rb'lins & Sons, Inc.;
H.
E.
Co.;
Schocllkopf, Hutton & Pomeroy,
Co.;
Co., .Inc.;-1.
$10.25
repay
&
Gardner;
&
Mosle and Moreland; L. F. Rothschild & Co.;
&
Rupe
&
Reinholdt
Inc.;
Robinson-Humphrey
Rotan,
•
Co.,
&
Putnam & Co.;
Pressprlch & Co.;
W.
Fjt.
Pierce
Co.
Price,
Christensen,
-
a
E.
&
unit.
Kuner-Empson, Co.
pose,
.
warrant.
vertible
$19,700,000
stocks of
Co.
Cement
unit,
per
& Co.;
Co.; Lee Higgin¬
&
Lester
Mackubin,
M. Marks 8s Co.; Mason-Hagan
Laurence
Co.;
Milwaukee
and 282,453 common stock purchase
Purpose, development of. plant and facilties.
$1)
ferred
77
25,250,000
(Preferred
8s
Merrill,
Steve
>■
Brothers;
Lehman
A.
Patton
Co.
&
Lairrl. Bis/ell « & Meeds; Laird
&. Co.;
Corp.;
Inc.;
v
;
&. Co.;
Loeb
.
Craigmyl.e,
Purpose,
debentures,
Kuhn,
Edward D.
McCormick
Peabody- & Co.;
Ladenburg,
Kidder,
& Co.;
Co.;
Kcbbon,
Langley & Co.; Lazard Freres &
C.
Legg
v:-;--'-A;:''••• v-'7:7%;:.v-v-"1 ■
■ •. '■■■'/■
'7-".
& Alloys Corp. 7,400 shares of com¬
(no par).
Purpose, working capital.
Price, $15
Offered for subscription by stockholders.
Un¬
by Hamlin & Lunt.
^ ' 77.7,
at $4.10 per
States,
*1,250,000
Kidder
M.
& Co.;
Lemon
Loeb, Rkpades 8c Co.; Irving Lundborg & Co;;
Unsubscribed (163,617) units purchased
by underwriters who offered 327,234 shares of stock with¬
out
warrants C at
$2,125
per
share.
Underwriters * were
series due 1948-1973.
Purpose, personal and busi¬
requirements.
Price, par.
Offered by Bioren & Co.
1961.
Richards & Co.;
son
Co. >21,278 shares of com(par
$9).
Purpose, working capital.
Price,
share.
Offered by Prescott & Co. and First
Portland
(par
rants.
Gimbel, Brothers,
1,
Kay,
Inc.;
1,170,716 Giant
bonds,
*13,300,000
Jqhnstcn,
Co.;
W.
Refractories
stock
mon
%
3%% subordinated note,
1, 1958.
Purpose, corporate purposes. Sold priPenn Mutual-Life-Insurance Co. of Philadelphia.
vately to
Inc.;
&
Tl^alman
,
MISCELLANEOUS
due
Co..
Jones
Titus & Co. '
Corp.
7
I 111,000 Electro
*$5,000,000 Associates Investment Co. 10-year
•
A
A.
Co.;
&
Space
Co.;
Illinois
Share Corp.;, Ingalls & Snyder;
Jenks, Kirkland .& Co.;, Johnson, Lane,
Bond
Co?
&
Janney
The
Co.;
&
Fried-
Labouissc,
Howard
Hutton
J. B. Hilliard
J.
Co.;
&
Weeks;
E.
W.
Indianapolis
shares of common stpek (par
and extensions.
Price, $5 per
40,000
Co-operative
Cleveland
per
$6,500,000
<&7 Co.;
H. Heintz & Co.; Henry
Richards
&
Inc.; Harris,
Hayden, Stone
Miller & Co.;
& Co.;
Noyes
Hill
Co.;
Hornblower
Son;
richs
construction and development. Price, $10 per
share and dividend. Offered by John B. Dunbaj; & Co.
(James B.) Beam Distilling Co. 150.000 shares of capital
stock
(par $2i.
Purpose, working capital.
Pricei $2 pershare.- • Offered for subscription by stockholders of Philip
$13.50
loan.
&
Stanley
structure,
($200,000).
Life Insurance-Co,
store
new
Mutual
Corp.
Offered by Defin W.
Brum
ETC.
1st mtge. 31/2%; sinking fund
Purpose, finance purchase of
Placed privately.
erty.
&
ing capital,
Co.
LAND, BUILDINGS.
v
*$2,500,000 Alstores Realty Corp.
Hemphill,
Co.;
Herrman
295,000 Bardwell A
McAlister, Inc. 29,500 - 'Shares ' of. . 6%; ' con¬
vertible preferred stock (par $10).
Purpose, increase work¬
.
Mutual Life Insurance Co.; Aetna
Mutual Benefit Life -insurance Co.
Co.;
Broach
Purpose, :acquisitions
share.
Northwestern
Insurance
and
&
Hallowell,
Co.;
&
Hallgarten
Haydcn,
(Inc.);
Sachs &
& Co.; Granberry,
Harriman Ripley & Co.,
Co.;
&
Co.
&
Lunt;
&
1-Iamlln
Co.;
Plall
Forgan
Glore,
poldman,
Ellis & Anderson; Grubbs, Scott
Green,
Lord;
&
Sulzberger
Dillon, Reacl & Co.
INDUSTRIAL
OTHER
$5).
1,
Y.;
Inc.
Inc.;
MacGregor,
Kirkpatrick-Pettis
$200,000 Acme
Co.; Equitable Life Assurance Society of the United States,
New York Life Insurance Co.; Mutual Life Insurance Co.
of
Co.
subscription by common
for
by
*$20,000,000 Trans-Arabian
line.
&
Inc.;
Nolan
Folger,
Co.;
&
Glover
Co.;
Ferris &
Goodbody & Co.; Graham, Parsons
Co.;
&
(
pipe
Read
First
Maraehe
$33,025,755
OIL
,
Dillon,
& Co.;
Field, Richards 8s
Cleveland Corp.; First of Michigan Corp.;
Southwest
Co.;
&
and
$178,017,000
Jan.
shares of,5% cumu-
stockholders. Under¬
Inc.; E. H. Rollins & Son
Blyth.& Co.;,Iftc.; BoettchT
and Co.; Bosworth, Sullivan & Co.; Central Republic Co.
(Inc.);
Eastman, Dillon & Co.; Goldman,,( Sacns & Co.;
Harriman Ripley & Co., Inc.; Hemphill, Noyes &, Co.; Kid¬
der, Peabody & Co.; W. C. Langlcy & Co.; Lea Higginson
Corp.; The Milwaukee Co.; Rauschcr, Pierce & Co. Inc.;'
Riter & Co.; Shields & Co.; Smith, Barney & Co.; Stone
7 &» Webster1 Securities Corp.; Spencer Trask & Co.; 'Union;
Securities Corp.'; G. H. Walker. & Co. and White, ,Weid & Co.
Purpose,
Brewing Co. 1st mtge. serial 5% bonds, due
1,
1949-1960.
Purpose, working capital.
Price, par
interest.
Offered by Peters, Writer &'Christensen.
due
&
Clement
Co.;
&
Inc.; .Equitable
A. Evans &
& Co.,
Emery
Clark & Co.; Farwell, Chapman
&. Co.;
Steele
The
First
S.
F.
Estabrook
Inc.; Fahey,
Co.;
$100).
Purpose, construction.
Placed privately with Trayolcrs
Co... through
Corp.;
Fauset,
(par
share.
per
*Co.;
&
Co.,
Co.;
Southwestern Public Service Co. 103.113 shares of'common
stock (par SIi.
Purpose construction. Price, $21 per snare.
written
Jan. 1,
Price,
Walter
150,000
$100
Offered,
America.
of
preferred stock
Insurance
Placed privately with Pruden¬
working capital.
Insurance .Co.
tial
3l/2%-4%
Corp.
Smith
O.)
(A.
additional
Bogan
.
Dominick;
&
Securities
Inc.; A. C. Allyn & Co/, Inc.;
Regis-Paper Co. 15-ycar 3%% debentures, due
1963.
Purpose, pay bank notes, corporate purposes.
par.
Sold privately to insurance companies.
.
*13,000,000
Sheridan,
Southwestern Public Service Co. 10,000
2,165,373
Mutual
Pacific
Co.;
Price,
^
Placed privately with
expansion, working capital.
Life Insurance Co.
Purpose,
Co.;
Deane & Scribner; Smith, Barney
Boy'ce; Stone & Webster Securities
lative
7
/
Inc.;
S.
Elwoi'thy
/^/cqnsin Co.; Wprts^ Dulles &, Cq and YarnaH & Co.
*1,000,000
1963.
note, due March 1,
15-year 4'/4%
Purex Corp., Ltd.
*750,000
.
Co.,
&
1958.
Purpose, refunding, ($2,695,000); working
($1,305,0001. Sold to a group of insurance com¬
Feb.
,
&•
R.
Dominick
Dorr
& Co.; Stein
Corp.; Stroud
Inc.; Suplee, Yeatman fciCo./Inc.; Thayer, Baker
Thomas & Co.; Spencer Trask & Cq.; The Wis-
Singer,
Bros.
Pomeroy,
&
Hutton
kopf,
Co.
Pancoast;- Dick & MerleInc.; Dillbn, Read & Co.,
Doolittle & Co.; Percy O.
&
Co.. Inc.; Drexel & Co.; Francis I.
du Pont &
Eqstman,
Dillon & Co.;
Elkins, Morris & Co.;
Robertson &
Dickson & Co.,
Dewar.
Co.;
Inc.;
S.
F.
6z
i_esiran&e
Smith;
Pierce,
Lynch,
Lynch;
"
privately through Hemphill, Noyes &
&
Lee
Fenner & Beane; Moore, Leonard &
Moseley & Co.; W. H. Newbold's Son & Co.;.
Newburger & Co.; Paine, Webber-, Jackson & Curtis; Parrish & Co/, Riter & Co.; Schmidt,
Poole & Co.; Schoellrill
Peters,
t
JMima;
Auchincloss,
Parker &
Redpath;
Baqhc .& Co.; Bacon, Whipple & Co.; Baker,,
Watts & Co.; Baker, Weeks & Harden; J. Barth & Co.;
Barrett,
F:t.h &
Co.,
Inc.;
Bateman,.. Eichler & Co.;
Bear, Stearns & Co.; A. G, Becker & Co., in3.,"/Biddle
Whelen & Co.; Blair & Co., Inc.; William Blair & Co.;
Blyth & Co., Inc.'; Boet.tcher & Co.; Geo. D. B. Bonbright
& Co.; Bond & Goodwin Inc.; Bosworth,-Sullivan & Co.;
H. F.
Eoynton & Co., Inc.; Alex. Brown •& Sons", Brush,
Slocumb & Co.; Robert C. Buell & Co:; Butcher & Slier-,
rerd;
H.
M.
Byllesby! & Co. .(Inc.); Central Republic
Co.
(Inc.)? Chase,
Whiteside, Warren & Sears, Inc.;
Chapin & Co.; Clark, Dodge & Co-.; E. W. Clark & Co.;
Riehard
W.
Clarke Corp.;
Coffin <fc Burr, Inc.; C. C.
Collins & Co., Tncv; Julien Collins & Co.; Cooley & Co.;
Crowe. I, Wee don & Co.; Courts & Co.; S. K. Cunningham
&
Co..
Inc.; Curtiss, House & Co.; ,J. M, Dain & Co.;
Dallas Union Trust Co.; Paul H. Davis & Co.; R. L. Day.
Higginson Corp.; Laurence M. Marks & Co.; Mason-Hagan,
Inc.; A. E. Matten & Co.; McJunkin, Patton <fe Co.; Mer¬
Co. 1st & ref. mtge. 4Ya% sinking fund
Purpose, plant Improvements. Price, par.
Writer & Christensen, Inc. and Boett-
Co.
&
Co ;
&
Co.;. Almstedt
G. Applegate;
First Boston Corp.: A. C. Allyn &
American Securities Corp.; Geo.
Arthurs,
Price, $100 per
Langlcy
C.
W.
Co.;
capital stock (par $25).
increase capital
funds.
Price, $51 per share.
subscription by stockholders.
Underwritten
for
The
by
Hallowell,
Kirkpatrick-Pettis
Co.;
Co;
/:"7 >7:-?-.
Co.
&
Brothers;
Co.;
&
Smith
Corp. 2,269,050'shares of
Oil
Gulf
Purpose,
Offered by Morgan,.Stanley & Co.;
Battles? & Co.,, Inc.;? Biddle; Whelen
Forgan
Co.;
share.
per
Offered
Parsons & Co.; Green,
and
$2
Bcnnttc,
OIL
Glover & MacGrcgor, Ihc.V
Ellis <& Anderson.; Grubbs-,
Sulzberger &- Co.; Hutriman
Ripley & Co., Inc.;' Hemphill, Noyes & Co.; Hornblower
&
Weeks; W. E. Hutton & Co.; Janucy. «& Co/,. Jenks,
Kirkland & Co.; Kay, Richards & Co.; Kidder, Peabody
Glore,
Graham,
Inc.
Purpose, tooling,
$27 966,749
$115 ,721,550
—-'
v.-
-
..
..
and
Co.
&
150,000 shares of common stock
equipment and working capital.
Offered by-Stcetzer, Paulknu* oz Co.
Products,
$1)'.
Price,
;?7
Yarnall
and
Co.
&
Sherman
(par
Bioren & Co.;
Scott
Feb.
Assurance
:
Purpose, construction.
dividend.
and
Co.;
Corp.;
Interstate Bakeries Corp. 4/4 sinking fund debentures, due
1, 1963. Purpose, refunding.:'Placed privately through
Kidder, Peabody & Co.
:-v?'7
7/
*4,000,000
Dulles
Blyth & Co., Inc.; Bramhall, Barbour
& Co., Inc.; Brooke, Stokes & Co.;
Alex. Brown & Sons;
Buck'ey Brothers; Butcher & Sherrerd; Chaplin aud Co.;:
E. W. Clark. & Co.;
De- Haven & TownSend, Crouter &
Bodine;
Dixon •& Co.;
Eastman, Dillon , & Co.;,. Elkins,
Morris
&
Co.; Fausct, Steele & Co.; The First-. Boston.
&
77'',?
300,000
150,000 shares of 4.3%. preferred
Electric Co.
G.eqrgslG. Applegate;
(A. H.) Ganting Co. 20-year mortgage bonds. Purpose, re¬
debt and for improvements.
Placed privately with
Equitable Life Assurance Society of-the United-Stares.
*650,000
j
;
,
stock (par $100).
:
7:v-r,
common
15,000,000 Philadelphia
privately
Placed
capital.
.
Purpose,
for. sub¬
stockholders. Unsubscribed (65,116)
shares offered
by Central Republic Co. (Inc.); Blyth &
Co., Inc.; Merrill Lynch, Pierce, Fenner & Beane; A, C.
Allyn ancl Co.,* Inc.; Hornblower & Weeks; Paine,-Webber,
Jackson & Curtis; A. G. Becker & Co., Inc.; Harris, Hall
&
Co.
(Inc.); F. S. Moseley & Co.; The Wisconsin Co.;
Straus
&
Blosser;
First California Co.; Paul H. Davis
&
Co.; Farwqll,
Chapman & Co.;
The First Cleveland
Corp.; Mason,-Moran & Co.; Maynard H. Murch & Co.;
Albert McGann Securities Co.. Inc.; Pacific Northwest Co.;
Whiting Weeks & Stubbs; A. E. Masten & Co.; Julien
iCollins- & Co.-;
Indianapolis-Bond & Share Corp,;' The
Ohio
Co.; Rogers &• Tracy,
Inc.; Sills, Minton &-Co.,
Inc.;
City Securities i Corp.;
Harrison. & Austin, ;Inc.;
Raffensperger, Hughes & Co., Inc;;. Stifel,, Nicolaus . &
by
scription
*8,500,000 Fairmont Foods"Co. 15-year note, due Feb, 1, 1963, Pur77\-7;7:- pose, capital expenditures and working; capital.
Placed
privately with Metropolitan Life Insurance Co. through
Goldman, Sachs & Co. and Kiikpatrick-Rcltis Co.
Corp.
Price,
stock¬
272,654 ' shares of
Public Scrv'ice Co.
construction;
& Co.; -Kalman & Co.,
D: Jones
Edward
Inc.*;
-
shares of $5
2,200
Co.
Gas
cumulative preference stock
(par $20).
Price,
$18
per
share.
Offered
4'/a%
V
v
Shoe
Natural
Indiana
5,453,880 Northern
*4,992,000 (Thomas A.) Edison, Inc. 3% promissory note)5,; due Aug.
7--v77?'77-'
15, 1967.
Purpose,'refunding, ($3,000,0001, general,funds,
($1,992,000).
Sold privately td Prudential Insurance Co.
of America and Mutual Benefit Life Insurance Co. through
and working
Barney & Co.
Not
Co.,
Lee Higginson Corp.; Lehman Brothers; McDonald & Co.;
Laurence M. Marks. & Co.; Merrill Lynch, Pierce, Fenner & Beane; Merrill,- Turben & Co.; The Milwaukee Co.;?
Moore, Leonard & Lynch; F. S. Moseley & Co.; Mullaney,
Ross & Co.; Maynard! H. Murch & Co/
Nashville Secur7 ities Co.-; :W. ,'H. Newbold's Son. & Co.-; Newhard, Cook &
(7
7-7?<£oJ;7;pacifiC- ,Norlhiwes,t Co.; Paine, Webber,; Jackson &
Curtis;Piper, Jaffray
& Hopwood;
Prescott, Hawley, v
Shepard & Co., Inc.; Putnam <fe Cb.; peinholdt & Gardner;
Reynolds & Co.; Riter & Co.; The Robinson-Humphrey Co.;
Rotan,
Mo_le and Moreland;
L-. E. Rothschiui & Co.; '
Schwabachcr ,81 CO.; Chas. W. Scran tori' & Co.; Shields
&
Co.;
I. M. Simon & Co.; Singer, Deane & Scribner; '
Smith, Moore & Co.; F. S. Smithers & Co.", Starkweather
& Co,; Stem Bros. & Boyce; Stiicl, Nicolaus & Co., Inc.;
Stix & Co.; Stone & Webstar Securities Corp.; Stroud &
?■
Co., Inc.; Swiss American Corp.; Tifft Brothers; Spencer
Trask & Co.; Tucker, Anthony & Co.; Underwood, Neuhaus
& Co.;
Union Securities Corp.; H. C. Wainwright &.Co.;
G. H. Walker & Co.; White, Weld & Co.; The Wisconsin
Co.; Dean Witter & Co.; Harold E. Wood & Co.; Wurts,
,.
7?
170,000 shares of common
finance construction.
for ' subscription
by
and
:7v?"T; 7
stock (no par). Purpose, pay indebiimprovements. Price, $104-per share. Offered by
Cruttenden & Co. and First Trust Co. of Lincoln '(Neb.).
*7,500,000 Dresser Industries, Inc. 3Vz % notes, due Dec. 15,
Purpose, repay bank loans 157,125,000), working capital,
($375,000).
Placed1 privately with; Prudential Insurance
Co. of America, and Massachusetts Mutual Life Insurance
c°. -/7 ?77;.■■•?■■/ v. ■
;'/ ?;7: 7?V77" 7
?;?
Smith,
.
Kebboh, McCcrmick &. Co.'p-.-Kidder, Peabody & Co.; .
Kirkpairibk-Pettis !C6.f, Kuhn, Loeb & Co.; Laird, Bissell
&
Meeds; W. C. Langley & Co.; Lazard Freres .&,,Co.?7
edness,
15-year 314
sinking fund notes, due.
Feb. 1, 1963.
Purpose, retire bank loans, working capital.
Sold privately
to Mutual Life Insurance Co. of.. N.. Y.
through Merrill Lynch, Pierce, Fennen & Beane.
*7,500,000 General
pansion
?
Inc.;
cumulative preferred
•'
*2,250,000 Dictaphone. £orp.
Niter &
Offered:
; underwritten.
;shi(re.
per
228,800 Kansas-NebraSka
Seal Co., Inc. 3 Va % kinking fund deben¬
tures,
series B, due June 1, 1960.
Purpose,- corporate
purposes.
Price, par and interest, Placed; privately with
insurance companies.
.1; /'v;';7 7?
.7''7;'7. ."7?
■7?-/t:7??-'':
Purpose,
$7).
(nar
Co.
Light
At
Power
Dayton
holders.
Cork &
*
;;
,
Co.;
$24
Mu¬
Life
Woodmen of America and Aid Asso¬
"*■ ■
7
Co.; Modern
for
ciation
*4,000,000 Crown
/■
v/4,080,000
v
of
Life Insurance Co.
Insurance Co.; Mutual
Benefit
Insurance
.
Massachusetts Mutual Life Insurance Co.;
Life• Insurance Co.; Connecticut Mutual
York;
tual
.
1
-
mtge.
politan Life
.
notes, due 1963. Pur- j
Sold privqtcly to New
*14,000,000 Coosa River Ncwspiint Co. 4%
sinking fund 1st
bonds, due Jan. 1, 1963.
Purpose, construction of mill,
e'c.
Price, 100 and interest. Placed privately with Metro¬
New
Field,
Pre?cott,-Hawlcy & Shepard Co.; Inc.; Merrill, Turben
Maynard H. Murch,& Co.;' Grant-Browne|l. & Co.;
W. D. Gradison & Co.; Westheimcr and Co.; Fahey, Clark
& Co.; Curtiss,
House & Co.; Edward Brockhaus & Co,;
Hill & Co.; The Weil, Roth & Irving Co.;, Van Lahr, Doll
& Ispording,
Inc.; Collin, Norton .& Co,; Skall} Joseph;
Miller & Co/i Sweney, Cartwright & Co.; Fred. C. Yager,
Inc.; J. E.-Bepnett & Co., Inc.; Dryden & Co., Inc/ George
Eustis & Co.-; C.air S. Hall & Co.; Harrison & Co/' Charles
A. Hinsch & Co., Inc.; John E. Joseph & Co., Inc.; Nelson,
Browning '&! Co.; Rohl & C6., Inc.; C. H. Reitcr & Co.;
W. P. Clancy & Co. 'find Vercoe & Co.
.7"' /■
77/
;
American Tobacco Co. 20-year 3% debentures, due Jan.
1, 1963.
Purpose, reduce snort-term bank, loans, working »,
capital.
Price, 100 and interest.
Sold pi'ivately to Equit:
able Life Assurance Society of the United States.
*75,000,000
.7
Hut ton & Co.;. McDonald & Co.;
Richards & Co.; Haydcn, Miller &
by, W. E.
Co.;
Co.;
&
*5,000,000
Ohio
The
Y.
N.
offered
shares
work¬
Purpose,
Co. 15-year notes.
Placed privately
capital.
Co.
MANUFACTURING
&
Gcods
Paper
Hallgfirten. & Co.; Harriman- Ripley As
Hayden, Miller & Co.;
Co., Inc.; Harris, Hall & Co/ (Inc.);
Hayden, Stone & Co.;
Hemphill, Noyes &< Co.; Henry
Herrman & Co.;; HornbloWer & Weeks;?W. E. Hutton
Co.; Ihe Illinois Cq.; Janney & Co.; Johnson? Lane, Space /
.
per
*$900,000
7
V
(par $8.50),' Purpose, construction,'etc; Price, $22
share by stockholders; $23.50 by underwriters.
Of¬
fered for subscription by stockholders; unsubscribed (7,868)
stock
.
Brock;
Cv».Greene, fy
204,000 shares of common
& Electric, Co.
Gas
4,498,802 Cincinnati
Monday, March 15, 1948
FINANCIAL CHRONICLE
&
THE COMMERCIAL
(1146)
priyately.
'
/;
Co.,,
Volume 167
Number 4681
THE
MISCELLANEOUS
•
$15).
(par
Purpose,
Kidder,
open
Peabody
stock
refunding,
loans,'etc.,
fered
in
'
%
»
(43,383
'
•
•
Aviation,
200,000 Piedmont
by G.
_
Credit
Purpose,
$1).r
(par
Price,
.
$1
new
purchase
ferred
consolidated
1,
1948.
1,387,500 Hayes
Purpose,
($38,570,000).
money,
Issues Not
of
par).
&
stock
common
Kirchofer
by
Noel
A.
M.
Kidder
and
M.
M.
Freeman
(M.
A.)
Hanna
ers,"
Arnold ,L
Hirsch
Co.;
&
&
Co.;
Corp.
Price,
Corp.
Pcwder
Price,
Offered
share.
per
111,200
common
by
Van
Co.
&
of common stock
shares
share.
per
of
Offered
share.
per
Emanuel-Deetjen
and
Co.
$48
shares
185,000
$7.50
by
Offered
(no
Stanley
Morgan
Co.
par),
Butcher & Sherrerd; Buckley Broth- •"
capital,
&
Price,. $102'/a
709,750 International Shoe Co.
!
Offered by Burr & Co.,
stock.,
common
working
planes,
of
Offered
share.
per
par),
$2).
(par
Alstyne
Representing New Financing
Price, $10.75
(par $1),
(no
Manufacturing;
stock
Price,
class,-
*
shares
stock
1
by Ball, Burge & Kraus.
de¬
5,337,600 Hercules
share.. .Of¬
of old
shares
^
200,000
share.
per
1, 1948, due Dec.
($38,510,000);
Inc.; Cohu & Torrey;
etc.
1.55
Offered by Charles R. Dunn, fiscal agent, New York."
par.
•:
Banks
Walker & Co.
H.
(
Inc.
(1147)
(596,516), reduce
$13.75 per
for
shares)
CHRONICLE
$1,182,500 General Instrument Corp. 110,000 shares of
underwritten
;
Price,
($434,734).
exchange
stock
A
'■
shares of class A com-'
refunding,
Purpose,
(no. par).
bank
Intermediate
bentures, dated March
Co.
1,031,250 Merchants Acceptance Corp. 75,000
moil
$77,080,000 Federal
privately,
Placed
stores.
new
&
FINANCIAL
&
Farm Loan and Government Agency Issues
J;
.
*$525,000 Market Basket 35,000 shares of $'1 dividend preferred stock
through
COMMERCIAL
&
Price,
.
$41%
stock
shares of common
17,000
Offered
share.
per
by
Glore,
(no
Forgan
Co.
Dempsey & Co.
'
Associates.
Inc.
*
«
563,750
$1,756,250
General
1947 Set
proximately
V',Brown Co., Berlin, N. H.—New Asst. Treas.-Sec.—
stibsid ary,
Assistant
panies.—V,
167,
Brown Corp.,
Treasurer
itsXanadian
and
elected
and
933.
p;
;
.
The
1946
Rock
plant;
1,112,677
share
common
semi-annual
261,274
,$8.29
the
$1.73
.
Sales
,
$11,238,517.
______
—V.
167, p.
1943—2
Higher—
Bishop,
additional
plant.
total
stock
$19,562,253
of
number
Dec.
at
stockholders
holders
The
,,
sell
in
$4,500,000
Both
issues
yvill
bonds
be
ana
sold
financing -is required in order to
and.- to. exjend 'production faciJities.—V.
at
100,000 shares ($20 part *
bidding.
The
mbarse
re
167,
company's
■
treasury
January—'
irom
from
Net
Net
ry.
—V.
Y;;;
of
1947
1946
$605,523
$618,865
212,602
196,969
228,188
' 279,092 "
goods
75 636
103,157
167,310
1945
_
Other
from
Net
from
Net
1948
railway™.
$170,413
ry.
iailway______
.
$100,923
*56,378
*63,528
*112,051
*125,331
ill
health,
tors
Succeeding
for
announced
was
March
on
the
8.
the
board
of
-
direc¬
;;
is
member
a
Walker,
George A.
the
of
board
K, C„
of
and
the
who
'l
.
1.217,203
*1,196,757
212,222
Mr.
Walker is also
River
Pacific
Ry.;
Buffalo
,
Central
Ry.,
Lines
Erie
Lake
Quebec
&
Ry.;
Canadian Pacific
of
Ltd.;
Associated
Northern
Dominion
Ry.;
27,636,416
and
Ry.;
Ltd.;
Hotel
Toronto,
Eastern
Earned
16,059,416
29,485,588
16,066,124
Co
Ltd.;
Hamilton
Earned
&
53,659,005
■
Edmonton
Corp.,
member
a
Trust Co.
Alberta Rys.'
and
■
Calendar Years—
Y
Gross
r.1
'■■■;
-
$
..
(inel.
I
.'Yyi'Y')
■
Net
tax)
committee
of
the
$4.75
31,
•" "'■<
'■ I
Y
A
income
'
'•
k-
Y'*'"
.1945
J
./•••".
'
Gross
*U.
Other
'v
Net
Total
Fixed
income-,.i'VY
22,892,189
20.843.050
'36,054,334
15.105,957
12,371,315
charges
43,622.844
15,787,174
.
51,161,291
18,438,113
•
tNotes
&
transf.
and
Divs.
to
profit
account,.
dividends™
on
ordinary
■'Particulars
31,893,942
25,134,731
31,614,162
4,557,682
5,031,500
5.042,782
6,700,000
6,700,000
6,700,000
„
4
took
action
no
on
quarterly
In
payment
announcing
omit action
company
be
When
the
Operating
revenues
near
It
was
Accounts
on
Merrill,
of
a
Dec.
22
through
of
a-fair
was
paid,
up
dividend
but
Co.
increased
return
has asked
the
revenues
so
as
SEC
V
p.
444.
•
'
167, p.
1039.
'
-
:
I
2.85%'
Other
not
receivable
Co.—Earnings1947—12 Mos.—1946
$846,543
$734,197'
$3,076,684
$2,683,971
676,177
544,762
2,383,669
2,020,781
$170,366
$189,435
$863,190
4,207
$693,015
11,187
$193,642
$704j,203
8071,943
2,570
.
$172,936
45,085
t-
41,969.
182,447
$151,673
162,919
$503,023
$346,731
25,809
44,597
$521,755
135,475
$102,042
$107,075
$386,279
'
■
8,75;)
162,293
stock
receivable
in
V
and
98.70
13 744,966
&
19,787
32,196
.2,630,835
85,655,772
1.179,681
(net)2,645,223
3,187,145
issue
.
has
been
oversub¬
Y
,
.Kuhn, Loeb & Co.
T
coupon.
\
.
■
guaranteed
unconditionally.'.ifS-Tpt.-,payment of prin¬
endorsement by Southern' Pacific Co,
Principal
by
2,334,386
1
1
(Feb.
and
1
Aug.
will
1)
be payable "at office
or
agency
in New York. Bonds will be. redeemable at option of
in whole or in part at any time on hot less thfin 60 days'
notice, and on like notice in part at any'time beginning
company
published
1, 1950 through operation of the sinking fund, the initial redemp¬
prices being, 102%% and 100%% of vh£(principal amount, respec¬
tively, plus accrued interest in each case.
y....-The issuance,-(guaranty and sale of These bonds are subject to au¬
1 913,494
991,794
prepayments—
••
tion
.2,484,753
>
interest
the
*
thorization
(net)
The
-
..
the company
421,810
:4,
;Ry.—Donds Offered—Halsey, Stuart U
similar
a
are
interest
and
of
Aug.
-
for
bonds
and
711,197
deferred
exps.
61,993
$284,733
interest.
•;
25,559,713
2,788,103
taxes
43,200
$343,079
842.
p.
42,923,528
•
expense
10,800
$96,275
on
March 10 offered $37,396,00!)
mortgage bonds, series B, 3%%, due Feb. 1, I960
cipal
of
excess
10,800
$91,242
,
shrs.
Inc. and associates
The
5,191,978
due
from
to
be
retired
within
.and
taxes
other
l'/c
726,051
638,485
1.970,112
1,525,197
,
other
by
PURPOSE
;
ICC.
the
OF
'.
.
ISSUE—The
; J
.
proceeds
to
be
from
derived
the
sale
of
the. bonds, with; o.thsiv funds (sufficient together to equal the principal
amount, plus interest accruing to maturity, of the $37,522,500 fin:
refunding mortgage gold bonds, 4% due Aug. 1, 1949, outstanding in
jh,e hands of The
public March 9, 1948) will be deposited by the com¬
Central Hanover Bank & Trust Co., - trustee under the
with
pany
refunding mortgage dated Aug. 1, 1899, for the pay¬
principal of and interest on the first refunding' mortgage
such principal and interest mature.
Such, funds,
in whole or in
part, may be applied from time to time as may fce
J determined for the
purpose of purchasing or otherwise acouirtng first
refunding mortgage gold bonds, 4%^ which are not callable, and ail
such bonds so acquired will be
canceled, together with $40,723,500 of
such bonds now owned by
the Railway company and deposited with
First National Bank, New York, trustee under the company's first atT
refunding mortgage. • •"
:
'
••
Simultaneously with the issuance of bonds of series B. and upon
such deposit, Central Hanover Bank & Trust Co. has agreed to dis¬
charge the first refunding mortgage.
The first and refunding
mortgage, dated as of Aug. 1, 1944, provides
that upon or after the discharge of the
Rkilway company's lirst re¬
funding mortgage, dated Aug. 1, 1899, the bonds of any series, other
than Series A, Issued under the first and refunding
mortgage, may be
ment-of
gold
the
bonds,
4as
■
6,241,563
taxes
948,048
723,224
.
364,685
for
due
Oct.
due
1,
1,
(no
preferred stock
(Common
25,000,000
3,461,175
"
preferred stock
40,000,000
25,000,000
;
1966
1,134,135
38,500,000
1965* (non-current)
Dec.
contingencies
354,803
1,570,915
accruals
reserves
2nd
______
amounts
employees
3,461,175
1,051,000
40,425,000
14,817,900
14,817,900
"first
entitled
$100)
stock'
2,205,643
2,205,643
Capital
surplus
27.297.717
27,297,717
Earned
surplus
40.815.718
29,485,588
.
COMPANY—All
which
owned
in
Utah
29,
—
of
in
657,215,084
market
1946.
in
________
value—1947,
$468,259
in
1S47
SAfter
1947
and
and
$2,134,000;
$456,317
deducting
$53,061,869
211,990,088
191,945,336
1946, $25,557,000.
jAfter
in 1946.
JAfter reserve of
depreciation
in
and
amortization
of
1946.
by 5.514,108 shares. ""Represented by 420,000 shares,
ttAfter, deducting $11,7.30,000 in 1947 and $12,649,252 in 1946 U. S.'
Treasury tax notes,
tJAt
the
redemption
prices specified in the
indenture.—V.
166,
p.
2658.
bonds."
the
outstanding preferred and common stock cf
Southern Pacific Co., was incorporated July 21,
by
1999.
1899,
July
is
The
for
a
of
term
50
from
which
years,
-•/'■
company
organized
-.Total
mortgage
946,645
_1—' 40,425,000
par)_
(par
((Represented
*
3,929,819
one
commissions
Taxes on
income.
debentures
"**$4.75
$25,000
Privately;;
191,945,336
•
.
State
for
"Quoted
:/•;
for
'V
-
3%v debentures
-
authority to borrow $7,000,000
from Equitable Life Assurance
SqcJ^ty, of U. S. on SVV notes.' The
money will be used to pay a $2,50'r.000 bank loan ana to finance
plant
extensions.—V.
int.
and
Reserves
to
operating
Corp.,
^ 1947—3 Mos.—1946
deduct'ns
pfd.
10,418,977
2,138,981
2,484.753
cost:
liabilities:
Other
;
property "pointed out that "the '
board
withheld
+ tFederal
to-
Co.—Merger Terms— Y
below.:—V. 159,
the
less,
experimental
debt
Reserve
""
the
on
Carolina Power & Light Co.—To Issue Notes
company
$
42.236,091
trade-marks
and
reserves
The
19^6
$
•
obligations.
Interest
decided
to
1
promis¬
.
"The';
Stated:
from (previous
year's
earnings. 'in
1947 increased
$2,300,893 while
$94,870.—V. .166, p. 1148.
V '• V;V :
Insurance
19^7
1,402,583
1947
President;
expenses
were
Home
D.
March
2Vi#
on
The issue was awarded March 9 on a bid of 99.40.
bid
"
payable
Wages
hoped and expected by the board that
improve
the
financial
condition
of
the
future
Carolina .Insurance
See
made
was
E.
payment
SEC
v
revenues
100.35
at
211,990,088
Accrued
was
to
lack
dividend
last
,
cents
present
disbursement
;
time.
found
the
in
overcome -the
50
omission,
considered
this
at
could
means
of
the
carefully
Power
Approved—
the
from
938.
p.
corporation, a subsidiary of
will use the proceeds for con¬
$127,851
167,
first
Companies)
.-
premiums,
TTFunded
the
quarterly dividend
usually payable on or about April 1 on the common stock. The stock had
been on a regular $2 annual dividend basis since
1942 and the last
directors
167,
institutions
31
117.972.733
LIABILITIES
-
March
J
~
Total
Capital Transit Co.—Dividend Omitted—
on
Subsidiary
'
and
and
premium and
and
•'
The
1950.
deductions-
on
Co.
taxes.
DECEMBER
assets
Federal
directors
SHEET
™_™'_V 14,291,708
advances
cost; or
.and
1
date.—
company's first
coastal
The
profits
excess
hand_^___,^_^__„__
on
claims
d's'count,
Patents
other income
of
$2.82
subsidiary
Insurance
34,699,830
are as follows:
Net earnings from ocean
steamships, $3,800,347; net earnings from hotel, communi¬
cation and miscellaneous
properties, $2,414,124; dividends, $14,547,415; V
net income from interest,
exchange, seoarately operated properties and :
miscellaneous sources, $4,027,041,—V.
167, p. '938.
< >{ ■•:' V:
and
$2.36
6,700,000
4,557,682
stock
1945
securities
accounts
Research
less
Preference
$3.83
4,532,984
?F xed
Debt
-Bal.
1,737,072
./Other
20,831,149
financial
248,
p.
income—,
—V.
16,066,124
5,514,107
20,654,811
tax
Investments—at
55,530,979
19,547,129
29,485,588
5,514,107
market
43,159,664
22,779,794
47,681,116
in
and
&
Inventories—at
^Federal
,
167,
Balance for com.
1,662,589
1,995,091
40,815,718
receivable
accounts
accounts
June
TV
2,645,223
,--i" J-'v:' ';--T
Government
S.
tTrade
Foreign
:
Hudson
Balance
3,230,502
~
banks
w'th
Cash
-
'51944 feT
*24,788,927
31,
income
Income
1,037,253
share™—:
*
f
Dec.
on
12
income
Other income
Divs.
4,956,341
1,995,094
off
(Including; pomestic
\
—I.i.
Niagara
exps.
writ,
CONSOLIDATED- BALANCE
•
Androscoggin.—V.
permission
from
Prov. for Fed. inc. Taxes
1,037,253
series!-
1946,
common
ASSETS—
:•
1346
v
due
revenue
•
Northern
before
Co.—Acquisition—
in
received
$10,000,000
oper.
21,996,467
37,474,273
7,165,717
surplus at end of year_out,stdg. at Dec. 31__
.
318,585,919 232,4" 5u828. 316,109,358 318,871,034
295,693,730 271,652,778 280,055,024 275,722,370 '
_
earnings- -V.
Other
Winnipeg -advisory
the operating
1947
earnings
Work. exps.
Y'" ;
Ry., a
Calgary &
committee of
'TTTn-'-/.'t
COMPARATIVE EARNINGS STATEMENT -T
Y: YY Y,Y
v,•Y
the
of
of
interest
corporation
scribed.
Mather is also .President of the Esquhnajt ,& .Nanaimo
director of the (Great West Life- Assurance Co., and of the
the
of
dispose
or
consummation
a
24
Operating
7,613,490
14,382,978
1,037,253
stock______
experimental
Dec.
per
to
.
•Tncluding $6,070,000
"YYY
Abattoirs.
indirect
an
Oper.
5,348,733
shs.
Common
decided, upon
consummation of
the
defer
and
Central Pacific
Grand
have
company
to
'.
Period End. Dec. 31—
3,332,423
24,173,417
preferred
and
trustee,
to consider theTixing of
Feb.
on
Total
7,000,000
stock
at
the
Central.Ohio Light & Power
j.
j
1,317,802
—
*
-
19,263,715
11,577,000
facilities----
pfd.; stock,
defer."
264,735
expenses
second
Research
Steamships. Ltd.;
News
Vancouver
Atlantic
Chateau Frontenac Co.
Screen
Mr.
ythe Royal
.
director
a
Air
154,
'
•"
''
issued
struction—V.
charges:
plant
income,
First
the
notes
the
.
Canadian
'' ' Y-i'.'Y'
Central New York Power Corp.—Loan
sory
535,556
V
•
15,887,000
'ncome__
taxes
dividends:
.
SEC
all
The
371,846
40,060,417
F»d.
this
of
managers
of
meet again
p.. 1040.
borrow
■■
income.—
Total
.7'T
as Senior Vice-President.
W. A. Mather, of '
Winnipeg, who
been Vice-President successively of Western Lines
and oi the Prairie Region, was elected President.
Both Mr. Walker and Mr. .Mather assume their new
posts immediately.
>
;M':
'1
Common
execu¬
-well
as
has
notice.—V.
further
until
21,2607764
215,045
taxes_
surplus at beg. of year
surp. of Tubize Rayon Corp.
Cash
will
167,
-
20,888,918
728,681
& exp.
Earned
Earn,
V
Chairman
as
has been
year
meeting of
a
:
Neal
Mr.
past
tive-committee,
following
.
"ex"
approved
the
acquisition by
the company
outstanding capital stock of the Union .Water
Powef Co., a non-utility
pompany, consisting of 6,470 shares of com¬
mon "stock
($100 par), for a cash consideration of $653,470 or $101
per
share.
Union
owns
2,500 ,shares
(25V)
of
the
outstanding
.capital
stock
of
Androscoggin
Reservoir
and
Central
Maine
wi'd
4,604,091
9,779,024
1,923,317
prem.
profits
exc.
amortization
Net
.
reorganization
acquire
29,065,842
debentures
Fed.
Emergency
Chairman and President due to serious
quoted
Central Maine Power
,
.■969,224
Refinancing
Canadian Pacific Ry.—New Chairman and President—
as
be
not
recommendation
The
J
31
.
42,198,779
A
•
Special
*70,926
*110,596
would
v-v
.income
for
*46,587
additional
one
stock, par value $10 for each share of common
York
Curb Exchange on March
10
announced thai
New
plan
V.
1945
28,337,161
41,229,555
tt.———
income
1945
126,096
profit
oh debt disct.,
.
Net
oper. income___
*113,834
"Deflc.t.—V.
167, p. 743.
Resignation of W. M. Neal
'
•
5,913,782
12,061,311
6,980,738
Interest ton
;v-.l -.if.
1946
of
dividend
1629.:vv'Y.-■/
they
135,202,212 104,197,237
68,925,205
13,560,277
expenses
:
Amort,
1947
$207,449
the pay¬
close
of
record
of
stock
a
regarding
at
the
company
holders
of
while efforts are made by the trustee
government's "tax claim.
It is expected That on
$ -'Y$
181.083,608
income
1.
Total
Canadian Pacific Lines in Vermont—Earnings—
January—..
this
from
to
1948,
common
the
the
119,313,038 (. 88.889,957
adm.
&
gen.
Interest on
Gross
notice
1948,
17,
the
,
•/; ;: :'
743.
p.
of
of
24,
March
Central of Georgia Ry.—Reorganization Delayed—
fr
sold__
operating
-.
income-—79,273
oper.
Net
$663)806
receipt
March
on
issue
The
Maine—Earnings—
'
1948
returns
——--Ti—
Depreciation
$64.4313
railway.™ fe
i
railway
167,
p.
1947.
DEC.
;
1946
1947
-V'-'"-;
disc.,
sales, ' less
allowances
Cost
647.
p..
:
ENDED
YEARS
Subsidiary Companies)
'
V;-YY;\Y'Y'v
Gross
_
Selling,
Canadian Pacific Lines in
Gross
share
This
-;,Y
increased.-in
comnany
STATEMENT,
Domestic
1
competitive
the
on
•held,
?
classes of stock, was 31,225, >
stocks and 20,383 holders of
preferred stocks and common ^
and 270 shares respectively.
shares
52
INCOME
(Including
,
has asked the California P. U. Commission for author¬
stock.
$2,286,810
'
holdings of
.
new
re¬
-
1039.
p.
business
iOf
issue and
to
Upon
ment
842.
The company
and
(J. W.) Carter Co.—100% Stock Dividend—
preferred
of
average
approximately
were
the
in
^
common
facilities at
1948
31,
JAN.
expenses
—
including all
31, 1947,
10,842
slock.
common
California Oregon Power Co.—Plans Issues—
ity
additional
"'v -v..:/' :
..
non-recurring
.
of -major plant facilities at
on the new yarn plant at; •
units at the Brictgewater, Va„
Staunton,' Va., plant;
the
at
ENDED
MONTHS
12
for contingencies
.—V. .167,
were: additional units of .the r¬
modernization program at theL
a
FOR
certain
the 12 months corporation completed contracts and sales in
amount of $53,97.4,774.
Orders booked totaled $45,633,596.
On
Jan.
31,
1948, .the
corporation had
a
backlog
of
unfilled order.;
amounting to $22,178,095 as compared with $30,235,957 a year earliei.
construction
plant,
New 'Jersey,
CONSOLIDATED
!
Texas;
after
■the
record for the company.'
new
privately.
During
of
plant;- installation
Virginia
units
new
comprising
MoO-l'W'
$J,550,3.08 $22,669,173
a
placed
Corp.—Earnings* Etc.—
profit
serve
was
The
Chicago—Feb. Sales 17.7%
Net
$.16,059,416, or $2.36 per1
$181,083,608, was ap-f
1946 figure of $135,202,211. •
the
issues
EARNINGS
of expenditure
items
at
South .Carolina;
Hill,
The
.
l'~48—Month—1947
Carrier
deemed advisable in November to arrange with a group of
instiutions, headed by the Bank of the Manhattan Company, y
the National City Bank of tNew York and the Chase National Bank .
qf the City of New York, for a Two Year Stand-by Credit of $25,000,000 a*l favorable interest rates.
The credit, if used during the
two year period, will be repayable in semi-annual installments to the;
extent of 70%- over the five years after the expiration of the two '. ;
year
stand-by credit period, with the balance of 30',(/
payable on
NOV. 15, 1954.
'
'
(
,
Butler Brothers,
"Represents
Sales and Earnings in'
—
volume
over
Maryland
Newark,
It
report
Period End. Feb.—
'
banking
shows,net working, capital of $4,716,819 as
compared with $4,270,169 at June 30, 1947, and the working capital
ratio- was 3.40 to
1, as compared With ,3.13 to 1 at June .30, 1947..
Cash and bank balances at Dec. 31, 1947 aggregated $1,743,159, and
inventories amounted to $3,466,225.
The deprec ated talue, of property,1
plapt and equipment at Dec. 31, 1947, was $2,726,147, reflecting a
net increase of $38,4,Q11 during the six mopths under review.—V. 167,"
p.>1038.
1
*
plant
Narrows,
$6,709)805
.
34%
major
the
eto, mical
.1947
\
> ■
v
per
;
Among
the
ts
$9,181,100
'
pre-
Expenditures for expansion and modernization of plant facilities
last year amounted-to $36,470,175, compared with $20,310,661 in 1946. f
been
com¬
Cumberland,
income
Earned
has
botlv
$11,631,036
6 Months Ended Dec. 31—
Ship me
of
Sales
Both income and sales set
•■YYYY''"
Y:Y'Y-
'
P. Q.,
Secretary
"
company
tins
Bruce Co.—Earnings—
(E. ,L.)
Net
La Tuque,
Assistant
.
of
YY Y
cumulative
1946 net income of
share.
common
L»ept.
/Y>-"
Inc.
shares of $4.25
New Record—Net income for 1947 after taxes,
a
trasted with
Manager o£. FinanciaA
Co.,
amounted to $24,173,417, equivalent after preferred divi¬
dends "to '$3.83 per share on the common stock, con¬
;; (Continued from page 2)
Charles'G.-Raeb,Urn,
<fc
5,500
YiYCelaiicse Corp. of America
Corporation and
Investment News
T
Co.
?*;
term
extended To
was
:-..'YY'
i.
is the successor in interest of
time to time commencing in 1861
,T
.
various
for
the
.
companies
~i
purpose
constructing
and operating railroad lines in California end
oth?r
states, including the construction, under the authority of fee
Act of 1862, of a line from Sacramento, Calif., east¬
western
Pacific
Railroad
to
ward
1869,
to
■
the
The
form
line
of
two
meet
westward.
lines
were
.m:. ;
.
Of
lines
the .miles of
and 356.24
owned,
Union
the
joined at
Pacific
RR.
then
being
bu.-lt
Promontory, Utah, on May 13,
the first transcontinental railroad.
2,174.78
road
miles
miles
■
'
■
-ft
•
.
<
•
1
1
operated.,.,1,840.51 miles
are
will
classified
be
as
subject
branches.
to
the
'
are .classified as
Of the miles of
first
lien
of
the
mail
road
fust
8
(1148)
THE COMMERCIAL
mortgage upon the discharge
gage, datea Aug. 1, 1899.
LEASE
OF
leased
to
Milch
was
Southern
Pacific
authorized
by
subJect
by
the
plan
the company's
of
refunding mort¬
first
Commission
under
Co.
the
to
to
payment
ICC.
termination
interfere
lease
by
with
dated
lease
a
The
March
for
is
order
the
of
Four
its
consolidation.
The lease is subordinate the company's first
mortgage, and provides in substance that, subject to certain exceptions,
Southern Pacific Co. will
pay annually to the Railway company a fixed
rental of
$10,000 plus the balance of net earnings from tbe leased
premises after payment of operating expenses and interest, and certain
other expenses and
deductions therein up to 6%
per annum on the
par value of the
then
existing issued capital stock of the Railway
company, and one-half of such net earnings over 6% on capital stock.
of
together
bonds
with
accrued
delivery, to the
B
99.40%
at
thereon
interest
listed
lirms
several
Halsey, Stuart &
Adams
&
Co.
<•
Baker & Co., Inc.
Arthurs, Lestrange &
'
Kltrna
,
Bache
200
Bear,
J.
&
Co.____
&
Co.
Inc.
Alfred
Bramhall, Barbour & Co.,
Inc.
/ 300
—
Stockton Broome
&
Co
/.
Co., Inc
Brothers
Byrd
Sears,
Preset tt,
Cunningham
Curtiss,
Henry
&
&
Rand
Rotan,
& Co.
25o
Net
ry.
—V.
:
100
L.
bempsey
& Co
Douglas & Co., Inc.
Dreyfus & Co.__
2-0
Jdhn
100 '
Francis
duPont
I.
&
Fauset,
Steele
&
of
Michigan
Freeman
&
Co
Stix
Walter Stokes &
J.
Stubbs,
Hallowell, Sulzberger & Co.
150
Harris, Hall & Co. (Inc.)
2,000
S.
Hirsch
R,
&
&
&
C0._1.__
Co
Ketcham
&
Walter
Co
&
Harold
pa.d
Zuckerman,
S.
Co.__
Smith
&
net
the
(EST)
March
on
receive
29
bids, for
the
to
sale
terest
bonds
on
accepted
thereafter.
mailed
Notices
March
on
30,
purchase
for
of
will
acceptance
1948.—V.
167,
or
paid
be
rejection
to
939.
p.
tenders
of
Commonwealth Edison Co.—Weekly Output—
Payments
March"~25, June
year-end of $1.50.
a
ciated
;i
week
week
1947
stock
$5,343,551.
was
based
ta^es
and
This
is
sales
was
21
February
Five
Sale*
other
They
bids,
Hufzler, 99.16;
Co., Inc.
—V.
each' naming
The
were:
First
p.
Boston
Halsey, Stuart
and Lehman Bros,
167,
2%
a
Co.
&
jointly,
939.
coupon
p.
$61,700,052,
were
substantial
a
d
ha.f
w'th
t*>°
increase
an
increase
exT>f»»t.ntioTi
prospectus
tue
01
issued
Corp.
Inc.,
99.0899;
Salomon
99.16;
99.144;
increase
The
became
used
costs
in
Bros.
last
part
been
of
1947
of
to
higher
of
of
t^A
sales,
well
as
m^nngement
as
for
Inc.
bid
99.0999,
99:05, and Harris, Hall & Co."(Inc.) bid 99.03. •'//'
Bidding for certificates as 2%s -Harriman Ripley
L chin an
Blytll
Bros/offered
&
Co.,
Inc.,
price
a
of 99.7169
99.635.—V.
167,
•
Inc.,
Co.,
Loeb
count
But another
the
and
cost
series
the
of
Co.
made
'
sale
of
$1,800,000
equipment
and maturing annually April
trust
15,
certificates,
1949-1963.—V.
dated
•
April
The
company
.sjdtf. of
Apfil
tr58.
will receive
$2,640,000
1,
1948 and
Bids will be
bids
up
to
due
(CST)
noon
semi-annually
£132,000
at
office
of
J.
ft doth 744, Union Station Eldg., Chicago.-
March
W.
*
Octv>,l,
Severs,
29
to
be
t^ie
directors
have
declared
dividend
per
share
on
1,
-
1,059,547,
1,802,674
2,560,755
The
of
for
1947
Arrow
tive
in
and
1,576,665
$5,343,551
$5,204,670
$2,155,210
677.844
*$7.20
$7.32
for
reserves
lower
(less
of
cost
cash
miscell.
discounts
for
and
$26,750,706;
depreciation
of
(by
Canadian
Varnish Co. (& Subs )—Earnings—
30—
"Years Ended Nov.
'
doubtful
J,738,986
387,900
335,486
$11,914,6^1
Selling, admin, and general exps.—
7,213,534
Provision for doubtful accounts—_
' 107,602
$540,000;
$9 074,472
~
$14,950,264;
total,
5,920,650
4»680,385
? 34,'201
oper.
station
—
The
directors
the
-
V
$43,855,585.—V.
The ICC on Feb. 26 authorized the company to issue at :par not <
ekededing $1,239,360 of promissory notes consisting of eight notes in.
the amount of $154,920 each, in further evidence of,'' but not in
'
'■
'
17.
Last
and
Oct.
Total
43.
p.
declared a dividend ' of $7.50 > per share
stock, payable April 1 to holders of record
the following payments were made/ April 1,
year,
$5.60
..
each;
...
.
and
;
.
.
Dec.
15,
=v
...
a
'year-end
of
income
—
-
Net
'profit
*
Dividends
Dividends
Earned
:
on
on
per
company
March
announces
1,
that
amounted
1948
Its
to
the
for
four .weeks
ended
production for-the four Weeks /
315,479 barrels, which compares
Dec.
29,
1948
2,
1947.—V.
167,
and 334,524
744.
p.
Colonial Mills, Inc.—Earnings—
Years
Ended
Net
income
Nov.
/V/
30—
'
"//'/f///
.;//
/
sales
of
share-
giving
giving
tAfter
and
1947
The
to
$2.33
stock
shares___________l___"__
II
___C
effect
to
net
non-recurring
the
all
per
months
f794.952
charges
-
with
ended
the
net
profit
Nov.
30,
sales
of
30,
share--
$1,803,700
—.
,
$12.38
393.793
91,949
61,783
175,019
$1.74
$7.58 /
SHEET, NOV. ,30,
BALANCE
$534,121
i
- 150,000
1947
./ /'"/
payable, payrolls, payroll and with¬
$1,633,499; accrued general taxes and
and state taxes on income, est.
(after deducting $1,500,000 U.,"S. Treasury savings notes, series C),
$357,749; prior preference stock (par value'$60 per share), $2,958,480;
common stock, no par.value (issued 218.774 shares)
.$1,516,038; capital
surplus, $194,299; earned surplus, $4,962,216; total, $11,657,536.—V.
LIABILITIES—Trade
miscell.
+794,952
$4.24
of $263,630.
approved in April
1947.
166,
expenses,
accounts
\-
1252.
p.
$35,256;A Federal
■
-
/
"4
■
,
1947 totaled $1,853,.
of $1,392,649 or $1.75 a share for the
after giving pffect to the 2-for-I.
1946
split and stock dividend mentioned
: $2,857,690
holding taxes and miscell.- items,
income
$9,825,686.
—
—
ASSETS—Cash, $1,360,920; trade accounts receivable (after reserve
$204,000), $1,804,145; inventories (at the lower of cost or market)/;
sinking " fund for redemption of. prior preference stock,
$45,030; cash surrender value of life insurance, $97,388; drums, $38,220;
sundry accounts, securities/etc. (less resefve of $2,520), $4,211; prop¬
erty, plant, and equipment (after reserves for depreciation of $1,747,142), $3,415,033; trade-marks,
formulae, etc., $1; deferred charges,
$232,191; totale, $11,657,536.
:
; /
' /
.
This is equivalent
-the 794,952 shares of capital stock outstanding
on
share on
/
$8.97
180,000
20,000
t
$4,760,397;
3,366,732
"
$3,147,191
18,492
1,120.000
28,203
of
$29,296,779
effect to the 2-for-l stock split
5% stock dividend paid on Nov. 24,
compares
three
1946
"7,133,691
charges
profit for the three months ended Nov.
after
and
all
capital
"After
396
after
per
Earned
;
'
1947
$34,800,682
$1,790,777
2,650
235,000
1,013,000
6,000
2,003
preferred stock
////.;■/__^//
prior preference stock
-148,219
common stock—.—___
514,119 '
common
86,770
31,000
-
Dividends on
Colon Development Co., Ltd.—Production—
The
ended
about.—V. 167,
1
$1,762,574
■
taxes———
income
/
1,798,000
tax & surtax
profits tax—
.—
Federal excess
/
/
$20 65.—
/
Hi
$4,688,693"
:
Federal normal income
6
common
1,
'
307,589
.
$4,593,485 r $3,067,052
95,20880,140
-
———
/i.___.
Interest charges
166,
..,/
March
on
outstanding
$6,169,571if.
radio
of
'
-
Balance
State
on
t
$6,477,161
from
income
Other income
<
($100 par), $10,555,000;
(no par, $6.50 stated value), $4,526,626; capital surplus, '
surplus,
/
10,549;534 (
$11,526,721
—-
Total Income-
-
$3,397,000; second preferred
earned
$16,719;lda
$4,832,-
wages,1 commiss ons, royalties,
due under contracts
relating to patents, $120,000;
Federal, Canadian, and other taxes, $3,648,774; reserve
contingencies, $422,540; 7%
cumulative
sinking fund preferred
stock
$20,940,607
_/_
Balance
Gross
DP^ble. $2,482,840; salares,;
par),
/
1945
15,968,281
plant /
for
($100
r
1946
12,201,621
ac¬
$281,931;
$7,768,946),
/
1947
■■■>
.
receiv- /
property
subsidiary),
above-L-V. 164, p. 1867.
Net'-sales~——/—
Cost of products sold—
$457,963; goodwill, patents, trade-marks, etc.,
payable
Chicago—Sells Ice Business—
City Ice & Fuel Co.
Cook Faint &
$2.82
accounts
receivable,
accounts
market),
or
reserves
$3,397,266;
$4,347,437
$4,431,148
$2,193,101
$2,295,026
___
Consumers Co.,
See
677,844
/
.
1948—2 MOS.—1947
2948—Month—1947
1945
SHEET,'DEC. 31, 1947,
Stores, Inc.—February Sales-
Retail
Sales
$3,731,8^5
hand,
,
Co.—Proposed Financing—
for permission to sell at competi¬
clue 1968. Proceeds would be used
./-V/ 167, p. 744.
3.438,634
on
week of last year,
,
program.—V. 167, p. 544.
Period End. Feb.-
>
696,404
banks
$30,000,000 debentures
Consolidated
more
us
^
has asked the SEC
company
bidding
construction
;•
1948 will give
in
enabling
year,
for
were :
products,
1946
$8,643,304
Z
1680.
2,322,122
ftotes Authorized—
have
Ltd.
$8,898,551
shares
196,300,000 kwh. for the corresponding
of 9.6%.—V. 167, pp. 1041 and 940.
with
Consolidated Natural Gas
-
1948
1947
1946
1945
railway____ £15.175.731 $14,036,404 $14,376,792 $16,258,560
3 181,230
railway
3,855,521
4.590,038
6,310,456
.
wool
in
output
.1947
York, Inc.—Output—
on
company
increase
process
Wolsey
program
this
3049.
p.
Coca-Cola International Corp.—$7.50 Dividend—
from
income___
pared
an
$943,153;
$2,269,388;
yfanuary—
oper.
and
with 403,488 barrels for the five weeks ended Feb.
$4
a
3,555,000
(less
(at
equipment
Number
ry.
'
761;
deferred^ charges,
$1; total, $43,855,585.
dated "
1948-April
Vice-President,
Chicago Rock Island & Pacific RR.—Earnings—
Net
and
demand
,/
taxes
common
Net
fWt from
of
our
165,
CONSOLIDATED
1040.
Gross
of
production
$431,431)/ $8,134,958;
V. '167,
.
of
to
Ltd.
Conn.—V.
March 10 announced that System output of elec¬
tricity
(electricity generated
and purchased) for the week ended
March 7,
1948. amounted to 231,900.000 kwh., compared with 208,800 CC0 kwh. for the corresponding week of 1947, an increase of 11.1%.
Local
distribution of electricity amounted to 215,200.000 kwh., com¬
The
the
the
teries A preferred stock, payable April 15, from available net income/
for the year 1947, to holders of
repord March 31.
In 1947 a payment
<5f $2.50 per share was made May 15 out of 1946 earnings.,-V. 167,
p.
of
barrels
a
the
'
March
for
Canada
stabil zation
the
facilities
meet
income
common
■'
end
,v'v-'/;•
etc
customers
for
fo Pay $4 Dividend—
^
before
.taxes,
July. 1
equipment trust certificates; series BB,
received
profit
stock
15,
had
the
CONDENSED CONSOLIDATED EARNINGS STATEMENT
accrued
Chicago Milwaukee St. Paul & Pacific RR.—Asks Bids
t
for
demand.
Caieiidar Years—
etc.,
167, p. 1040.
At
the sinking
business.
of
and
(Dyers)
continuat'on
additional
the
the
which
inventories.
volume
States
and
to
us
LIABILITIES—-Notes
\/
in
of
V
$11,750,000 larger than
increase being principally due
this
United
felting
the
capi¬
balance
Redemption-
for redemption on April 1, next, for ac¬
fund, $25,000 of first and general mortgage 3/4%
A bonds due Oct. 1, 1965, at 102 and interest.
Payment will be
at the Hartford National Bank & Trust Co., trustee, 777 Main
called
been
have
of
Consolidated Edison Co. of New
approximately
year,
Stevensons
enable
meet
account
1\
'';,u
to
Federal J
P.
the
to
substant al
a
and
Chicago Indianapolis & Louisville Ry.—Bids Asked— /
,,,1'he company wUl receive b'ds up to noon (CST) March 16 for
1948
of
additional
the
borrowings,
an
Hartford,
St.,
until
$11,222,730
retir'ng
increase
increased
the
from
expect that
inventories
and
&
the
(convertible
stock
current
.
counts,
and
v
'
we
able
: '
:
the
and
in
prevention
ASSETS—Cash
bid
'
'
:
&
Kuhn,
and
1040.
p.
Hutzler
Bros.- &
by
were
of
with
its
CONSOLIDATED BALANCE
For certificates as 2V4S
Salomon
rights
insufficient
1947,
There
matter
a
of
Connecticut Power Co.—Partial
the
used:in
of
./////v../, ;
expansion
of production
The
but
largely
ievels
acquired
Number
a yield of 1.20% for the first maturity tov
2.60% for the final maturity.
Co.
the
been
was
Earned per share
Tagging from
&
Corp.—Weekly Output—
electric energy of subsidiaries
general business conditions
March 4, 1948, amounted to
as compared with 300,116,381
for the corresponding week
increase of 31,472,422 or 10.49%.—V. 167, p. 1041.
hour output
kilowatt
weekly
331,588,803
■
10.6
an¬
as
the company as
preferred
company
all
inventories
price
England.
the
this
and
of
loan
beginning
Exclusive
Net
group on a bia! of, 09.29, naming a coupon rate of 2*4%.
The certificates were reoffered to the public at prices
Stuart
the
the
as
Net
Burlington & Qiiiricy RR.—Equipment Trusts
Offered—An underwriting group headed by The First
Boston Corp. and including Kidder, Peabody & Co. and
Dick & Merle-Smith was awarded at competitive bid¬
ding March 5, 1948 $7,230,000 equipment trust certificates
maturing $241,000) semi-annually from Oct. 1, 1948 to
April ly 1963.'*/The certificates were awarded to the
term
necessitated
,
//
cumulative
provided
large
^hicafo
tmlsey,
238,120,000
corporation
adjusted to show
territory served for the week ended
of
apprQximately
of
unit
November,
manufacture
4%
A
nearly
99.025.
/
the
tal.
&
Co., Inc.,
of
company's
&
//
.•/Five other bids were received at the sale.
sale
1957)
__
Blyth &
/'//'/
-
% Incr.
9.2
6.4
4.9
1041.
this
last
went up and
effective
the
in
1.
us
Ripley
Harriman
218,483,000
218.458.000
215,360,000
—
Commonwealth & Southern
September, the net Income for
substant.a.ly leos tnan tne net income
year was
because
Oct.
the
at
167,
The
of
company's products has
continued to rise; hence the company has reluctantly put into effect
an i 'cr ase in the selling price, of most of tits products for delivery
during the first, half of H48. •
,- / /(.
i...
•-
received
were
232,428,000
229,234.000
14—-
in
the
materials
maturing from March 15, 1948, to March 15, 1958, to a
banking group headed by Harris, Hall & Co. (Inc.) at a
bid of 99.4299. .The certificates were reoffered (subject
to ICC approval) at prices to yield from 1.25% to 2.30%.
Participating in the offering are Blair & Co., Inc.; Equit¬
able Securities Corp., The Illinois Co.; F. S. Moseley &
Co.; Phelps, Fenn & Co.; Schoellkopf, Hutton & PomeToy, Inc.; Bramhall, Barbour & Co., Inc.; Hayden, Miller/
& Co.; Weeden & Co., Inc.; Wheelock & Cummins, Inc.
f
^
1947
"//
215,379,000
—
28—
February
totals of. the
ln4R
235,199,000
'
6
—V.
after
income.
After dividends
4% convertible second pre¬
policy did not raise the selling prices of its Fall lines.
wage
be
Chesapeake & Ohio Ry.—Equipment Trusts Offered—
The company on March 11 awarded at
competitive sale
'an
issue of $4,750,000 2% equipment trust certificates
'
weeks
February
,
first half,
the
of
*
*
Following are the kilowatt-hour output
and percentage comparisons with 1947:
ago.
year
March
,
and Rand & Co. ' v' '
four
Week Ended—
on
the
a
past
on
and
25
,
output of Commonwealth Edison Company and asso¬
companies, excluding sales to other electric utilities for»the
ended March 6, showed a 9.2%
increase over the corresponding
Electricity
per
second preferred
follows;
as
year
for
preferred
*
in
secoi
for
but
will
the 4%
sh$ire on
per
were
the
for
anfTcipnce
the
the
30.
March
7%
.
nounced
its first refunding mortgage 4% gold bonds, due Aug. 1,
at prices not exceeding $103.75 per $100 principal amount.
In- "
1949,
not
noon
1947
$3,555,000
There
In
of
company
lalt.—V. 167, p. 1041.
Jan. 2,
<
Report—C. R. Palmer, President, said in part:
company's
39%..
100
Simpson, Treasurer, 165 Broadway. New York, N. Y., will until
o'clock
12
in
income
of
on
The
300
Co.
stock and $1
Cents each/ aind Dec.! 24,
50
-
dollars.
A.
536,058
stock (which was outstanding for only 2V2 months), such net
for the year is equal to $7.20 per share on 696,404 shares of
outstanding common stock at year end. In 1946 the net income was
$5,204,670, equivalent to $7.32 on 677,844 shares of common stock.
Invitation for Tenders Made by Company—
J-
355,929
;
the directors declared
26,
income
500
Yantis & Co., Inc
F.
100
755,003
526,185
ferred
100
100
____
Nongard
641.178
stock, payable March 25 to holders of record
regular quarterly dividends of $1.75 per share on
the
stock
common
provision
//•'/ 100
&
1945
$1,266,682
common
and
Annual
300
;
Wood
/'
/
'461,901
on
preferred
The
200
E.
11,
Sept. 25,
100
Co
&
the
300
-
Watling, Lerchen & Co
Welsh, Davis & Co
100
;
the
& Lom———100
Inc.
Thomas
750
H.,Johnson
Smith
bardo,
400
Co
&
Kaiser
//_■
C0._
Strauss is
1946
'
$1,057,873
stock, both payable April 1 to holders of record March 18.
250
Co._
Co.
400
Feb
share on the common
per
647.
p.
on
7%
the
250
.
Co
600
1,000
Haupt
Stokes
Lowber
"
836,070
income___
oper.
March
100
Co.—100
&
1947
$1,605,091
623.830
.;'
Common Dividend
a quarterly dividend of 65 cents
stock and the regular quarterly dividend of
90
cents per share on the 3.60%
cumulative preferred stock, both
payable March 31 to holders of record March 9. Previously, the com¬
pany paid regular quarterly dividends of 50 cents per share on the
common
stock, on which Issue an extra of 25 cents was also disbursed
;//,/
$1,712,160
railway/,—
ra:lway_____/
167,
share
2,000
100
-
—
Smithers & Co
Edw.
Inc.——.
Ira
Showers
250
___/
Son,
F."S.
150
Ellis & Anderson.
Gregory &
Robert
/Commercial Credit Co.—Increases
3189.
p.
Cluett, Peabody & Co., Inc.—Dividends Declared—The directors have declared an interim dividend of $0 cents*
100
Pjmeroy, Inc.
:____
Shaughnessy & Co., Inc,_
400
Corp.
Corp../.
Graham, Parsons & Co
Green,
1,200
150
Co.—
&
Co
100
.
___
First Cleveland
The
First
100
&
500
Co..
Co—
F.
became
150
\
R. C. Schmertz & Co., Inc.
Schoellkopf, Hutton &
Este
Rothschild
from
More-
Bodine_____
162,
1948
from
Net
200
and
below.—V.
Co.
RR.—Earnings—
January—
Gross
100
-
Mosle
the plants
On
&
land
.
,
,
Insurance
ClincMield
'
,
Raffensperger, Hughes
Co., Inc. /_/.
100
House & Co
Dahlberg & Co._„
& Townsend,
wholesale, commercial and retail trade.
Several of
ice storage facilities.—V. 166, p. 1680.
Home
See
600
Inc
100
.
has
company
have
125
Hawley, Shepard
Co..
this
said
2
Manufacturers Light & Heat Co., and The Chicago
The Chicago Corp. agreed to deliver, when pipe
available, 100,0C0 Mcf of natural gas a day.
This gas is located in the Aqua Dulce gas field area in Texas.
The Columbia Gas System already has contracts with the Tennessee
Gas
Transmission Co. for 350,OOt) Mcf per day.
Besides this total
of 500,000 Mcf of gas per day from the Tennessee Gas Transmission
Co., the Columbia Gas System has now contracts totaling 200,000 Mcf
per'day with the Texas Eastern Transmission Corp. and the Panhandle
Eastern Pipe Line Co.
Columbia Gas System expects to be receiving
by 1952 a total of 700,000 Mcf of natural gas a day under these
"Southwest" contracts.
Presently, Columbia is receiving under these
'contracts 330,000 Mcf per day, and expects by the winter of 1948-49
to be receiving 550,000 Mcf per day.—V, 167, p. 939.
/y-/v>//:■■•■ 'r/
facilities
City of New York Insurance Co.—Merger Terms—
100
100
Co
DeHaven
Crouter
&
100
? 200
the
for
also
&
Inc
W. Pizzini & Co., Inc._
Wm. E. Pollock & Co., Inc.
150
Inc..,
City Securities Corp
Clayton Securities Corp../
Copeland
March
on
of an additional 150,000
which
under
Corp.
200
B.
Chace, Whiteside, Warren
&
150
Co..
President,
Sinek,
26-year
the purchase
ating company, The
for cash the entire ice business of the C msumers Co.,
111.
These include the ice plants, ice trucks and ice inven¬
tories located in Chicago and Rockford, 111.; and Kenosha, Wis.
These
units manufacture
and distribute ice for railroad refrigeration and
2,750
.
J.
Crocker,
M.
new
a
line
Chicago,
150
Kendall,
200
1945
$2,155,922
432,168
213,711
647.
p.
/ / /: ■'
.
President, on March 4 announced the signing
contract with the Tennessee Gas Transmission Co.
Mcf of gas per day. As part
of the contract, the Columbia Gas System assigned to Tennessee Gas
Transmission Co. the contract entered into in 1944 between its oper¬
Stuart
lor
purchased
Co.,
__
Palmer
S.
167,
■
,
Contracts to Purchase Additional Gas—
./y
1946
$2,251,045
299,933
6,317
1947
$2,503,134
337,456
32,4C4
1948
$2,637,420
167,215
"275,875
income
oper.
William
Co
Co.—
&
Patterson,
boo'
&
&
.'■
York.
New
Broadway,
'
300
'
corporation is inviting bids for the purchase from it of $45,000,due 1973 (coupon rate is to be specified in the bids).
will be received
up to
11 a.m.
(EST) at company's office, 61
debentures
Bids
City Ice & Fuel Co.—Acquisition—
&
Co._:
_
O'Gara
Roger
100
&
Burr
Otis
•'
&
O'Connell
Homer
150
ry.
V
ra'lway____
railway
"Deficit.—V.
100
2,750
The
000
150
Hutchinson
Newton
M.
from
100
Co.
E.
200
Stearns
Bradford
C.
McMaster
100
from
Net
100
______
'
January—
Gross
r
Net
& Co.—
of Debentures—
(Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
;
$100
.
Moran
:'///:/;/•
'y.y'■,//''•
I
1040.
$24,210,431
'">'r
744. :■
p.
Columbia Gas & Electric Corp.- -Bids for the Purchase
1948,
of
Alle-
&
Co
&
Mason,
400
Co
&
Marx
100
Co
Barth
Inc
man,
•
Baker, Weeks & Harden
Barret, Fitch & Co., Inc.
J.
Wheeler
100
.
&
Leedy,
167,
at
operation, will result in the complete dieselization of all Rock
principal main line passenger runs.
Tne four just received
will be assigned to the pool 01
locomotives that supplies the power
for the
road's California trains on the Golden State route.—V. 167,
'
Omitted)
—
—V.
Island's
to date of
/'/ ■/':
1948,
1,
'. ■ • -v': /
(000
Kormendi Co._i
John
500
Amott,
Feb.
from
•./':/
/
Inc. $11,171
Peck
to sell the entire $37,principal amount,
1948—8 Wks.—1947
1948—4 Wks/-1947
$12,870,893 $12,433,854 $24,935,155
Sales
in
now
••
Inc.—Current Sales Up 3.51 %—•
Colonial Stores,
Period End. Feb. 21—
,;
,
their
of
below:
(000 Omitted)
.
.
series
of
purchase price of certain
conditional-sale agreement.
a
D.
authorized
p.
UNDERWRITERS—The company has agreed
in
John
Mr.
Monday, March 15, 1948
the
of
under
were delivered to this railroad on Feb. 24 and 25,
Farrington, President, announced.
The purchase was
a
meeting of the new corporation's board of directors
on
Feb, 9,. 1948.
'/■- > ,■
The addition of the new locomotives to the 26 passenger Diesels
purchased
',
final
of
396,000
acquired
4,000-hcrsepower Diesel - electric
streamlined passenger
part of an order for $20,000,000 of new equipment to be
new
locomotives,
found
if
of
portion
unpaid
be
Receives Deliveries of New Equipment—
1923,
expiring
ICC
consummation
the
to
3,
term
a
are
the
of,
equipment
PROPERTIES—All the company's railroad properties
CHRONICLE
FINANCIAL
&
p. 43.
/
<
Cribben & Sexton Co., Chicago,
The
SEC
on
March 5( filed a letter; of notificationwith the
shares of common .stock ($5.ipar)<. Underw+iter,., $wift,
company
for
Henke
&
1,500
Co.,
111.—Files with SEC—
Chicago.—V.
167,
p.
1042.
■
:Volumef 167^
'
:
*
THE
;Crowii.Drug; Co.r—February Sales 4.6%, Higher—
•
.
'
Number 4681
COMMERCIAL
reserve-for
&
FINANCIAL
investments/Of $100,000,
thereby increasing
•
Period
■Bad.-Pebfaat.y^-, .-1948—Mcnth—rW? '
VJ_a-!.aC—-H-!:./ $1,121,143 $l,07i;633
Sales
—V.. 167,
p. '648.
'w
.-
$400,000.
,J 1948—5 Mos.—1947
$6;398,929
w',
(
year
from
.
•
,
V,;
.
'The
Acceptors'
"V
V"
--
.
*
•'
•
-
* p
m*7
1045
$6,654 249
•
$5,079,-150
sales—3,652,920
Gross
profit
2,846,327
hos-
on
'
,
receivable
iery
a
.*
;_TTr_!; J.
Gross
prof, from <iper,.
Sell., gen.. St adm. exps;
itom
Profit
•
Misccll.
$1,188,682
.wj-V■/>-..
oi>erations
-
$2,232,"822
$2,401,32->
$2,232,822
482,870
-
450,736
;
U.
(netlAj'
;
■
•
985
;
'
339.890
$1,389,561
291,075
,
"
r
3,027,205
1
127,199,44.9
Net
•
'profifci..^!—;
Preferred
dividends^!—.
Common
t^Afler
1945
$1,193,382
-
$2,000,000
-depreciation
and
$91,964
of
$'96v654^1n 1944;
J-
$280,819
36,484
150,374
150,000
for
for
750,000
owned
.Dixie Cup
27,975^000
85.800,000
Di\'s.
39,011,077
17,844,610
Income
ity
-if.;
25,573,776
10,201,333
--3,749,147
101,489,420
LIABTL1TIE8-^Dividend pavable Jan. 2, 1948,
$299,596; accounts
$170,25-1; accrued liabilities, $236,883; provision'for estimated
Income tax, $761,000; common stock
($2.50 par value), $427,-
167,
The
(no change during the
year), $650,867;
enrred surplus
reserved for
investment in new equipment
(contra),
SI.123.250: unappropriated earned
surplus, $1,296,065; total, $4,965,917.
165, p. 1864.
■':
This is
the
William
In
view
of
the
first
White,
of
the
President,
earnings
it was
in
for
to
1
holders
made
since
announcing
the
25
of
ceeds
payable
"
and
U.
March
paid*
It
and
the
said
current
income
fund.
After
These
equal
to
,
obligations
dividends
sinking fund.
declarat on.
Mr.
The
of
cost
he
said
be
to
sa;d,
to a
additional
company of the
equal to 50 cents
interest
due
trust
4-2s
of
2042'
U.
C.
S.
V.
Division 4-2s of 1992.—V.
167, p.
Warren
.Division
Denver & Rio Grande Western
(Including Denver
&
in
1
January—
Gross
Net
ry.
railway—
railway—
hot
940.
p.
'
D
S.
Gross
from
Net
from
Net
ry.
—V.
A
loan
of
1992,
Aj
19
Gross
from
from
Net
ry.
791,669
A
—V.
■!
167,
p.
The
corporation
compared
with
in
$77,206
33,546
68
in
584
Gross
The
year
corporation
1947
1946
$532,170
'
224,634
52,469' •A.
month
62,865
year—V
ous
1947.
In
anticipation
prices in
the U.
loss
of
$323,821
an
eventual
postwar
readjustment
Government bond market, the
valued
was
of
market
$396,000
was
the
operating
net
$72,178
to
amounting
the
year
After
1946
transferred
the
to
Dec.
on
loss
to
of
$323,821,
"undivided
$300,000,
"undivided
profits."
the
net
were
$1,041,447.
Of
for
this
taxes,
the
carried
operation
non-recurring in
of
this profit,
in
of
the
the
type,
namely
it
the
amount
resulting from liquidation during
in
the
After
reduction
the
in
1946
of
corporation's
an
payment
deducting
addition
of
"undivided
of
dividends
profits"
for
net
the
"investment
profit
decided to-set
$300,000, and1 add it
after
profits for the year
$385,265
consisted
of
profits
a! substantial amount of
corporation ,sucii
.was
and
was
result
was
$227,821.
making provisions
securities
profits"
to
account.%
maybe
aside
the
the
and
these
Since
considered
m&.lor" portion
alre'ady existing
^
.
91,000
provide
in
per
addi¬
record
to
will
listed
be
M'sc.
Prov,
whether
for
months
ahead
business
the
in
15."
declared,
on
payment
addition
a
t$4.50
and
1
ENDED
JAN.
for
31
ing
$3,234,985
./A,, 74,456
1,099,761
on
'Total
Overall
24,931
—U
—A
said,
Cr591
a
result -of
Peak
sales
of
were
equipment,
the
achieved
and
'
facilit'es,
Added
the
year,
and
explosives
from
the
21%
or
sales
was
products and materials
entering
for
plastic
molding
were
'■
made
to
over
-customers,
during
for. renewal and
report-said.
caoacity^provided
326,421,975
costs—
'
28,774,486
299,160,980
20.900,000
168.885,000.
.
stock
168,885,000
nOO.OOO.OOO
'par222.450 240.
__'AI 437,355,240
by
1.000,000
shares,
no
value,
par
1947
222,450,240
421,931,477
tAfter
frn-d
S.
Govt,
securities
'"A.,-'.
of
reserve
§Includes
$46,290,019
' after
Federal
deducting
ttAfter deduct¬
in
1946.—V.
167,
v.'-
.
foe
$4,105,510 in 1946.
value.
par
$92,442,019),
$88,859,400), U. S. Govt, securities.
U.
'
,
,v
principally
into
compositions,
the
of
last
Ry.—Earnings—
-
1945
c
$312,770
62,407
25,086
32,396
19,420
1_
167,
1946
^
$363,156
*6,059
11,413
648.
p.
r.
/A;/.
7
.
Corp. — $5,000,000 Private
March 9 announced that it is
$304,943
'
26,838
/
/
..
^
4,511
Ay i '
Loan—The
1 ■„«■'
com¬
arranging to borrow
ments
an
The
June
on
insurance company at annual interest
loan will be retired
by annual pay¬
new
1, starting in 1950, of $200,000 for three
years, $440,000 for five years,
$500,000 due on March 1, 1963.
years, $340,000 for five
with the balance of
Existing
about
bank
loans
will
over
what
$2,009,000
Under
the
terms
of
the
be
repaid
it
and
otherwise
working
would
capital
be
increased
at
May 31, 1948.
paid out of
1948, plus $1,500,000, provided thereby
loan,
dividends
in
cash
may
be
earnings subsequent to May 31,
working capital is not reduced below $5,000,000 and net worth
than twice long-term debt then
outstanding.
There are
is
strictions
stock
on
dividends.
-
A
stock
dividend
shares)
will
Instead
of
will
be
be
issuing
made
4%
of
distributed
in
cash
of
The
will
7
of
4%
year.*
next
a
early in
30 to
share
market
stock
A
meeting of the directors
held
be
r'v'"
.
May.—V.
value
share
(1
holders
to
A
.
re¬
,
;
stock
common
MaTch
the
tion.--This is the second
•fiscal
.
Declared—
in
on
fraction
a
:"'
not
no
less
and
of
each
March
19
payment
such
of
25
March 19.
stockholder,
any
on
for
record
frac¬
dividend distributed in the
present
/-\'
/.'■■■
for the consideration of dividends
A
■
,
167, P.
648.
year.
for
addi¬
r
.
>
of
nylon
acrylic
resins
yarn,
1947
$478,393
income___
oper.
$5,000,000 from
'products
..
production
rayon
railway
railway.
of 3% %..
sales
coal
equipment
A'
for
their manufacture,
acetate
year
betterment
,
1948
;
from
pany
in
also
slightly over
1946
largest peacetime enroll¬
$783,400,000,
including
$115,600,000
and
______
31,421,458
treasury————______..'..'A.,;Dr79,570
(1946
and
from
Eagle-Picher Co.—Buys Eastern Insulation Firm—
~
oellophane,
J.
;
Bowlby, President, on March 3 announced that this com¬
purchased the plant
and
other
physical assets of the
M.
has
pany
Rockdale
Insulation
Capacity
to
meet
Carter,
sion,
p.
of
the
heavier
Co.-, Housatonic; Mass.
two-year-old
demands
Vice-President
'who
1992.
is
in
'
'
Eastern
.
.
7
stock——
by 1,688.850 shares, no
income
$95,424,856
(1946,
on
ry.
.
of
16,267,159
2,856,765
31,036.049^ /
28.798,071
Duplan
sales levels,
manufacturing
new
were
for
other companies under service
agreement^ and a
of materials produced in
government
owned plants,
$827,400,000,
In 1946, this total was
$709,300,000. - ; •
Earnings applicable to each share of common stock for
1947,. were
equivalent to $9.88, as against $9.44 the
previous year.
The report
revealed that the
company's net earnings from operations of $98,891,000, after taxes, represented a return of
9.7% on the total operating
investment.
Although net earnings from operations were up
19%
over
1946, the increase in operating investment from
$891,800,000 to
$1.015.800,000 resulted in a net gain In return on investment of
only
3/10 of 1%
'
*
'
capacities
construct'on
preferred
in
■'Deficit.—V.
quantity
plant
13 004,773
bal.
/contingencies
Stock Dividend of 4%
,
Expenditures
3.582,619
24,712,564
under
unawarded
and
.
27,464,651
1,438,114,642 1,263,797,827
Net
$728,531
totaled
tional
stock
Net
Crl,685
$2,036,428
manufactured
small
employees
.-29,511,778
17,179,636
'
1.243,056
'
($20
-
January—
reached .unprecedented
as
household
close
activity,
3,867,222
1,263,797,827
22,685,132
-1
fund
preferred
stock
cash
Gross
.167, p. 941.
methods.
year
•
35.013,690
•
Duluth South Shore & Atlantic
40.192
*
for'the
operating
40,444,202
4,935,401'*
;
*
15,854
——
record.
sales
22.602,338
583,076,259
497,913
pigments
the
■
—
to
_T__—
545/
p.
$1,280,855
and 1947.—V
at
,
13,953,198
,
688,019,575
: 40,408,598
A'
excessive
cum/
$94,181,800
54,262
favorably affected by increased demands
mining industries.
Employment increased
75,945
782,195
19.147.042
cost
etc.—
liabilities"
■^Represented
$1,226,593
(net)—
automobiles and
approximate
-doubtful accounts and notes
$4,311,016 in
1947
-
66,146
taxes
report
264,500,000
wholly
investments——
.^Represented
and surtax—.—
and
5,989,722
stock
Total
to
$3,168,839
_L————
the
49,870~412
'104 726,093
6,843,821^
259,000,000
insurance
for
Common
stock
April
■>'
-
61.249,318
advances, etc.
income—!___
bonus
for
Surplus
$24,304,160 $16,669,845
AAA.—.—
—A—___
17,625,374
12,743,689
& admin, expenses—A 3,509,947
2,699,563
improved
$
174,768,381
"
142.572,043
■
—
not
cos.
1946
-
.
A.
51,651,801
trade-
plan.—
Common
"A;:vi'' y
—^A
cellophane
I—
receivable,
'
cumulative
$3.50
the
!
possible,
At
•
——
trade
awards
"B"
Reserve
of
to
common
payable
QUARTER,
31
1947
_r——
•
——1.
1948
•,
ttReserved". for" pensions
Reserve for dcprec. and
obsolescence——__
must
-
-
bonus
Class
Reserve
or
—____——uzi'.
31,
888,000
•
15O;504,846
trademarks,
on
accrued
A
•
preferred A stock,
STATEMENT,
income
taxes
Other
—_
State
594,000 v7*-*181,000
*
,
a**.-;
v
.
13
payable,
SFederal
*
1948
tax
$6.29
accounts,; pay.,
taxes
INCOME
.'.
properties,- at
.
11,117,862
diy; received*-*"!
and
LIABILITIES—
taken
upon
resume
;
7.599.825
58,374.725
$9.44
,
share, wis
March
$9.88
cost
patents,
charges
Accounts
shares
foreign
Accordingly,
the
at
securities
77.521,007
-
A
-r
Total-1,438,114,642
-'t
voting
.
^
v..
of
"
the
.
■}
-who'lv
approximately
controlled
and
77,521,007
'
.-T.599,825
88r9763a2" 77.853,447
11,122.160' 11,121.962
shares);
of
Plants
share,
held, A the pro¬
shares
factories.
!"•,
—?•*,•
10,125:658
rec.,A adv.,. etc.——
Corp.
common
Motors
Goodwill,
1
.
120,009,780 112.618.706
A.i—
accounts
.Deferred
; A
A.
per
;•
1941.
p.
for
"i"':
;
>1 v.V." ,V
A_—_A
L_———
(10,000,000
recently
were
and
A;
..
-•
and
totaled
ment
of
S.
corporation's trading
31,
1946 at $396,000 less
than quoted
market prices at that date,
as
was
stated in the Annual
Report of
that year.
On Dec. 31, 1947 after the
major downward revision of
prices in the U. S. Government bond
market, the securities in the
trading portfolio were valued at
quoted market prices. This
amount'
portfolio
of
cents
income J_:
Nylon,
made
were
the
;
CONSOLIDATED BALANCE SHEET," DEC.
Securities
'
peacetime record,: established in 1946.
metal,
for
2,614,848
Dr3,060,000 Dr3,620,000
4,300,000
not
the
by
"
$450,513
.
167
York—Annual Report—
operating
in r!
stock_---__x-
•.*-*
ASSETS—
General;:
Feb., 1947
$18
shares
number
income
finishes
an
Dr3.570.000
costs_Dr20,900,000
priori'years
cos,
cos.
ACash
est level of
.
last'
1,772.130
:,
6,182,411
■
-tnoolmc and
on
•
owned/exceeded
;
(E. I.) du Pont de Nemours & Co. (Inc.)—Annual Re¬
port—Operations of company for 1947 reached the high¬
peacetime production in the company's 146year history.
In its annual report, distributed March 8
to 91,200
stockholders, du Pont disclosed a volume of
operating activity approximately 17% above the previ¬
$410,352
176,013
,
3.025.679
,
6,749,628
011
common
^
1945
,
$362,596
107,446
New
total
company's
dividend'on
37!/2
deductions
ended Jan.
RR.—Earnings297 004
sustained
construction
'Decrease.
NOTE—Provisions for depreciation and
amortization, deducted above,
amounted to $325,950 and $276,019,
respectively, for the three months
corresponding
4,538.940
(net)—.
—■
controlled
M:scell;
1948
at
sales—depending
profit
capacities
ji! Discount Corp. of
into
stock.
income
Net
1948—Month—1947
1948—7 Mos.—1947
$1,072,066
$733,488
$8,836,913
$7,496,490
February, 1948, had 76 stores in
operation, as
the
income
on
A from .such
6,755
22,831
'
;
745.
1948
10,
improvements
the
,
Adjustment for prior years
Corp.—February Sales Up 46.2%—
—
of
;
;A'..A'A" '•••''
justified
—I—''
Canadian
1945
$103,593
55,654
31,352'
'■
Period End. Feb.—
Sales
ig46
114,522
648.
Diana Stores
of
Federal normal
1947
347,321
30.000,000
com.
preferred -stock- =«jvr
of
Inc.—Quarterly Report—
common
quarterly
-'A.
Other
$128,976 V
railway—$333,702
income
four
SO,21.4, and t'mt
Exchange.—V. 157,
leaves
felt
the
on
sales
Other
";vV-V
railway
oper.
it
Cost of goods sold
Selling, engineer'g gen.
"1946
1,237,195
Detroit & Toledo -Shore Line
Ol'Vi948
"
75,620,000
46,754,029
30,000,000
controlled'.
on
vidends
'•
$5,103,130
January—
Net
meeting
...A
Net
639.497
47,509
-
,
S8,500,000
83.961,616
22,500,000
owned-
Federal, taxes
Marketable securities
tAccounts and notes
A
value,
are
imposed in
equipment. abroad.
AH
field
CONSOLIDATED
1947
82.733
income,—
648.
p.
oil
before
shareholders
and
314,006
•
for
Inventories
|
'
Feb.
par
each
plant
Mallon, President,
regular
...
$4,329,643
1948
railway
oper.
167,
of
for
dividend
Ry.—Earnings—
railway.!—$176,290
Corp.
in
,
equity in prof;
]
a;: ?
$450,933
.-
,Av
may
dividends
various
on
no
for
that
not, materialize
governmental restrictions
Feb.
1,563,277
J
65.150.000
—
requirements
due
Co.
Jan., 1948
20,
Jan.
before
or
was
Stock
•
-.
liabil¬
Act
shares
outstandlngy_i!ii:
Earned' per share &—
du Pont company's
31, 1948, company's backlog amounted to $57,000,000.
approximately' $13,500,000 represented foreign orders which
or
Total
January—
for
wholly
taxes
of
rDividends
states:
"With
current
business
producing substantial earnings. Dresser's
working capital requirements satisfied by-the new $12,500,000 term
loan, and the general outlook encouraging, your directors at their
dividend
1,015,370
Detroit & Mackinac
and
,
Jan.
be paid
A
H. N.
Ry.)
$5,306,075
—_
income.
oper.
167,
Lake
1948
from
from
Net
—V.
"
of
this,
shipment
the
RR.—Earnings—
Salt
pay., for
f.':
may,
share.
3-2s
i
1042.
to
Dresser Industries,
company's bonds would be paid.
These bonds include
D. L. & W.-N. P. L. W.
Divis'on income 5s of 1993; Morris & Essex
Col-'
lateral
of
excess
Ltd.—Rights, Etc.—
record
stock,
share
new
shareholders,
As
sinking
25-cent
a
May
the
used
Montreal
Of
amount
deposited
the
is
contingent
be
one
the
situat'on
applied
required
that
an.
capital Stock must be
on
cash
also
must
also
paid
therefore,
White
issues
deductions
to
of
the
that
was"
certain
5,000,000
98,891,192
other
Other
Steel
op
of common
on
11.'
'
net
ba^is
subscribe
to
-i
declaration,
Feb,, 1948
$390,526 -
'
i
stockholder^, of
right
.
cents.per share
record
54.072,0«4
46,127,141
inc.
oper.
Common
•
working capital.
The-company announces
the judgment of the board that a dividend
added, however/ that stockholders should not
expect payment-,of any further dividends this
year.
Future dividends
will
be
dependent upon earnings, he said.
Sinking fund obligations incurred in connection w'th the
merger
pf
lrasfrd
lines,. Mr. White said,
required
that
60%
of
available
be
on
.-..".'j.'aV.V
■'.'I! ;
j;i,>• 7;
if Net" income for the>
" V;
.
'
'■
tional
company,
should
26,822,884
obsolescence!_
Motors
not
reneeotiat'on Alh
,
'
■
by
1931.
the
1947
year
of
the
the
on
& Western RR.—Resumes Div.
dividend
"
(value of)-j>_„
648.
p.
common
given
„■
payable Apr 1
distribut:on to be
70,154,760
33,933,736
661,8241083 631,575,414
334,823 404 002,160
422
reserve—
&
"
'
545.
p.
:
;
additional "shares
.
capital, stock,
Gen.
excess
owned,
initial and capital surplus
the
79,493,774
income
for
Reversion
Company will use a part of this
bank loan. ($4)070,000 Dec.
31, 1947)
the
Dominion Foundries &
—V.
on.
518 0*3.370
Operating,-etc.,- income-—11.5,709,760 112,019,706
thereafter.
Bullion output
—V.
payable,
a
795,538.075
income
provision
The loan bears 3%% interest to Dec.
31; 1955
Month pf—
Federal
declared
♦'•/,
20,319,189
1—
taxes
127,199,449
-
.
Dome Mines, Ltd.-A-Production Declines—
\
'
26
•"
chgs.
from' invest.
other
Co.Arranges Private Loan—To provide
equipment and inventories
to reduce
sum
lower), $277,025; new
purchare fund (consisting of U. S. Government
securities
tax
notes, at- cost), contra, $1,123,250; cash surrender value of
insurance, $28,086; land, $103,315; buildings, machinery and
equip¬
ment
(>ess
re°erve''for depreciation, $560,237),
$1,188,215; deferred
charges, $:t),157; total, $4,965,917. -
Feb.
$<
0$
V
.
oper.
Renegot'ation
Miscellaneous
Prov.
are
arranged last July—V. 167,
-
and
on
from
Less
152,517
Insurance
life
directors
under
companies
15-year
and 3%%
tax
Delaware, Lackawanna
Fed.
Operating
equipment
The
deprec.
8.108
687,274
has arranged, a_ $6,500,000
1, . ; 1963, with The £ Prudential
America.
■
have
;iM71945
i»
expensesi—
etc.,
& adra.
(allocated portion)
1,316,176
expenses
a
■
•
6,620
company
est
995:
;v.",'V
_
Prow,
'
.
May
'
.
and on hard, $634,008; U. S. Government
notes, at cost, $^86,750; ;accounts and accrued inter.receivable- (less reserve for doubtful
accounts, $5,000), $545,112:
inventories (at cost or market, whichever is
securifie-vand
:
Provision- for pension
for mounting costs of
pdant^
$88,279 in
ASSrTS—Cash'id banks
y.
'
V $303,896
•
1947.'
DEC. 31,
v
goods sold,
Prov.
407,161
^
pledged to secure loans
Government securities borrowed!—V."
163; p. -778.
*
;;
its customers,
serve
capacities earlier1 than, would
deferred." *"■'
been
of
gen.
1,690,284
750,000
L-——-
; acceptances
1947,! $81,838 in 1946,,
postwar credit of $76,000.
SHEET,'
BALANCE
of
3.000,000
1,462,462
-
' '' '32,494
the
excess
^Securities
■
in
tAfter
new
—_
$2,000,000
3,000.000
»
'534,853
in order to
company
projects
-
v-----'
G34,7r2
the
.Total.
Cost
-
$1,062,372
.
dividends—'
for
'.13,120,902
repurchase
Total
;
_
today,
Provision
returns,:- ot,c.
/• etc,)——— 783.405.434 643 703.181 611
256,225
operating
revenuesnues—__3._ ; 12,132,641
Selling,
1
-
1939.
■
(net-
015,638
•
Profit; b$£'-"Fedi!"taxes-i' $1,952,871-' - $I,773;085
tax_4^- 'v '<-;759V'l8b; -'•* 695,427
Exeess-"profitsAdju-L' i-rom restatenfent'' ' :
:
of land, etc.'_^—_ir_-d
; •' - 15,286
had
of
equipped
by setting aside $20,900,000 from 1947
anticipation of an eventual reduction" - in
This reserve, the report
said, is regarded
costs.
earnings from the
case
those
and
made
"in
reserve
,
'
■
the
Other
.
in tirs
account., which, were .carried at Dec. 31. 1946 at
vcost,-haye 'been- -adjusted to market, by a charge against
$333 ,082
f-Vil''" 'reserves. A.*,• tThe quoted market velOe exceeded the carrying - value at
37 571
/A 'Dec. 31; -1946 by
approximately $400,000, substantially the same amount,;
as at Dec.
31. 1945.
iNew York State Bond, par value
$ >70 654
$1,10.4,896
$1,000—at cost.
t SSubscription U. S.
Gpvernment securities, -A- A 1. A.
"111 ,500
1 ' 'f
A;
"117,600
578 535 ;:t684^000
NOTE^$56.756,808 of U. S. Government securities and $4,433,269- of
-I
secure
-Sales
57,916
endorser', (per contra t
1,226.773
and other • liabilitiesf I
76,551
as
a
erected
CONSOLIDATED INCOME STATEMENT FOR
CALENDAR YEARS
,,
S. • Govt, securities; sold
under
agreement-r-lat; contract prices)
Accrued-interest;
as
;
^
plants
than double
was
construction
•
43.958
101,489,420
'
t'
'
PeHcral'- 'inrome
p.
been
v
Contingent rability
.
costs
- -
new
"penalty incurred by the
and
I
*3
$1,749,952
"23,133
2,278
j
■
>
.261 492
•
7,634.000
payable
i^__i—■
;U, S. Govt, securities borrowed—at
market----,
*
are-more
v:"V
-
Loans
1
.
5,893 •''•^*-*, 7,-6-10
;
$1,194 575
,
Unearned discount
:
—_i_-.
_I_
§U. S. Government deposit account!——i—l
,
A A'-,"
.
-•
oper^Lt ^ $1,950,593
lnconfte
:"4
.
985 '
-
premiums, etc.)
"
banks_1._9.-l———"
-'A
i—_i
a
of
,159,350
.
156,986
Reserves for discount -and
premiums.
•Reserves. for taxes, and contingencies-,
...
$1,381,950
as
,;
costs
•
Capital stock (par value of $40. per share)——
^Surplus; (including paid-in. surplus $1,000,000)1
1
2,357,414
'1
$2,401,-329
misceHA v\
profit-.on
■
overall
*
75,36a,334tl02 ,610,234
•
V-V'. '-i
__
^
/-A.'
sa'd,
other
'"
construction
earnings
3. ,749,147
'j '•
actual
report
-
$8 266,290
*9,035,000
methanol, ethylene glycol for anti-freeze,
polythene plastic,
sulfuric acid, nitrocellulose for
lacquer's, photographic film
fabrics, and synthetic-detergents for textile and
-
accbued_
hand and due from
tin
-?
.
1.226;773
.
—<_
(instfranfce
expenses
LIABILITIES—
•
'
Gross
--
investment
2,J
Total
:-.
.
$3,739,364
3,232,983-.
'—
1946
-
-
•!
io44 >
$3,421,665
.
per
The
t
9
coated
purposes."
31
$4,999,180
sold,
market—___
securities
market
1947
—
<?ash
Davenport Hosiery Mills, Inc.—Annual Report—
sales——'—.!
'
.
Prepaid
H
•
bills
securitles-r-at
Government?
-Undivided-profits
;
•
'
-
I
endorsed
on.
Government
account—at
Interest
Jersey)
-'
synthetic
pigments,
'and
.
DECEMBER
4 Deposit: with NeW- Yorlc State
Banking- Dept.!-Cash deposited
against U. S. Govt.' securities
».
borrowed
.
Calendar Yeaj-s^-
"v"
OF
.
U. S.
-^U. -i S.
J *.
'
Net hosieryCost of
CONDITION AS
*
liability
! vcontra
•
organized- in-1890.
•>.,
,
'
.purchasers are: William J. Perridge, who has. been, associated
for many years "In an
"executive. capacity-with Conti Products Corp.,
manufacturers oof/Castile so'ps and
cosmetics, and who will,-become
President of
Daggett & Ramsdell, Inc.; Arthur A. J. Wcglein, Presi¬
dent of the
Draper. Soap Go. of Pawtuoket. R. I.; John J. Hardy,
fc»rmcrlyv associated >vdth ;Prince Matchabelli And Seaforth -as pur¬
chasing
agent;-, and,. Joseph
J.Fishier, C;P."A^ : who will become
Treasurer of-the',
company.-i •••
V
Mr. Weglein Atated that the-name, nf >
the-company will be changed
to Daggett &
Ramsdell, -Ino The date of\transfer will be March- 15;
Daggett At Ramsdell,'an-affiliate-of- Standard Oil'Co., (New
j
OF
Acceptances owned
busine-'-s.-V-Vv*'
since- 1923,--was
STATEMENT
ASSETS—
,
•
y, Purchase of the-worldwide cosmetic
business,of Daggett & Ramsdell,
discoverer of the formula for keeping cold cream,
fresh, was announced
on
March !©-by a New Ybrk
group:long associated with the cosmetic
'-
.
(1149)
to
reserve
^
Daggett &'Ramsdell,- Inc., New York—Purchased
by
Groups—"'•*
this
Dividends amounting to $600,000 were declared
during the
1946 from the "undivided profits," and
$1,000,000 was transferred
this account-to "surplus."
•
$6,414,827
CHRONICLE
The
ware
due
of
SEC
Power
1973,
the
the
&
and
sale
program.—V.
Light Co.,
20,000
are
to
165,
p.
-
the
up
shares
be
used
2275.
newly
purchased
Service
-
-
authorized
will be stepped up, as needed,
insulation,
according to T. C.
Manager of the Insulation Divi¬
operation.—V.
■
Shore Public
has
+
plant
home
and -General
charge of
.:*■•'
Plan Approved—
-
for
•
Co.
to
common
finance
166,-
.V.
Md.—Financing
•
to
company
to $2,000,000
of
of
A
of
sell
3
stock
Eastern
to
%
its parent, Dela¬
promissory notes,"
($100
par).
Shore's
Proceeds
construction
10
Monday, March 15, 1948
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(1150)
an
Income
consolidated
Provision
for
and debt discount
Interest
-
__
kwh.,
38,768,154
Earned
per
Distributions Declared—
$1.12'/a
share
per
■>
the
of
The
earned surplus
paid on Jan. 1,
the 6% preferred stock will amount to $36.50 per
Arrearages on
167,
share.;—V.
profit after taxes
of
per
Earned
$3,585,880
891,821
891,821
share—^
$8.33
$4.02
a
167,
consisting of the usual $3 per share and an
was
paid to the 12,000 shareholders, and
left in the business and added to previous accumula¬
tion
■■
A;;.//
///'-// /:
Net worth of the company on Dec. 31,
1947, was $36,496,068 with
current assets of $33,526,995, including tax and government securities
of $12,335,702.
Current liabilities were $13,503,428.
In
April, 1946, the shareholders of the company furnished about
$9,500,000 which was then the sum necessary to carry out the com¬
pany's postwar expansion program. That money, plus $2,000,000 more,
has now been spent and the company expects to spend an additional
$3,500,000 in 1948 to complete this expansion program.
J. O. Eaton, Chairman, stated:
"We began the new year with good
equipment', sound financial condition, and expanding production and
excellent customer relations.
Therefore, we look hopefully forward to a
year of good business in 1948, of prosperity for employees, customers
and shareholders and the good will of each for the other."—V. 166,
$4,459,000 in dividends,
extra
dividend of
$2,
$2,977,000
1786.
p.
was
C.
Schott
as
President.
—V.
$3,844,404
office
and
the
$5
capital
value
par
of
$5
shares
•
value
par
rata
sold
and
proceeds therefrom
the bank.
used
were
reduce
to
to
.
31, 1947, the company entered* into an agreement with the
Dallas to sell its land and buildings in that city for the sum
The agreement provided for payment , of $40,000 on
of
167,
March
on
Weisberg,
Tillie
other
in
the
tion
of
new
a
nrdor.
p.
26.
initial
like
of
$400,000
purchased.
were
The
year
with
ended
was
equipment
betterments.
plant
and
,
*——
sales
of
:/
;
Profit
1,270,858
from
operations
—
___
63,073
Total income—
Net
Federal
for
taxes
Addit.
to earned surplus
transferred
Balance
Earned surplus,
435^000
$744,959
113,824
Cr84,004-
;
$1,059,298
$4,096,778
$3,037,480
distribution of 11,000 shares of common stock (no
par) was made March 9 by A. G. Becker & Co. at $183A
per share.
Dealers discount 75 cents.—V. 166, p. 1889. I
2,322,341
J
i
cum.
_____
stock dividends
pfd.
conv.
27,948'
______
93,399
II
$3,975,431
surplus, end of year__.
outstanding
373,594
shares
Earnings
common
per
-/-*-■•
share
NOTE—Depreciation included in cost of sales and
to $239,793 in
$777,944
n
and
Other
receivable
accounts
(net)
148,921
1
$9,515,349
Patents
115,500
165,945
l
$9,373,478
,
rights—
.
were
OUTPUT
Chevrolet—
LIABILITIES—
Notes
:
Passenger
payable to bank
payable—;
$1,400,000
(unsecured),
Accounts
Salaries
and
payable
Dividends
deductions
Employees'
for
taxes
taxes
.income
(less
U.
S.
on
Common
stock
*After
75,413
for
depreciation
1946.—V. 165, p. 3134.
of $2,395,719
.
..
4,075
6,925
DIVISIONS
,*
1,867,970
1,481,453
3.037,480
330
4,108"
$9,373,478
in
1947;
$2,245,565
in
V
The
Co. below.—V.
Insurance
Zi
-
/:
$431,076
161,
p.
;
1947
$387,976
Delayed—-
*
326.
Gilbert Co.—Quarterly Sales Up
(A. C.)
sales
Net
—v.
166;-
19.2%—
1948—3 Mos—1947
1948—12 Mos.—1947,
$2,505,883
$2,101,638 $10,843,330 $6,027,541
v .-/
'
p;.2i03.":/''f
89,131
59,917;.
31,439
r
.
"28,326
37,196
?
v
12.238 V '"
s'
:,
'
8,638
-,
l,186'.*fr
11,404
615.»
158,028
11,756
5,813
2,244
„
figures
are
4,543
•.,)
„
and
number of salaried and hourly-rate employees on Gen¬
last year was 375,689 and payrolls totaled $1,-
payrolls
C. E. Wilson, President, and Alfred P. Slcan, Jr., Chair¬
man
of the Board,
announced on March 12.
Their' statement was
issued prior to release of General Motors 1947 ahriual report,1 \yhjch
will be sent to more than 436,000'stockholders."' '',11./
'
investor through
V,
This ^placement is the final/ step
in, the repayment in full to the
of
the
$9,995,500 which it advanced
in connection * with the
rehabilitation of the company , in )1934/-;V.' 162,''p/;2817j//;/
Goodrich Co.—New Latex Forms Film—
plastic resin that will form a glove-like film on a
hand dipped into it and which later can be peeled off like a rubber
/glove, was announced on March 8 by B. F. Goodrich Chemical Co/ •
(B. F.)
water-borne
A
./
9,726
4,788
subject to
'''.
in¬
Finance Corp., had been
RFC
j,
,
designed
other, resins
/ .Unlike
Geon
Latex
for
31X,, requires
similar end uses, this substance,
hot - ail in converting it into
no
products. It is a latex of vinyl chloride resins.- '
company said the. liquid can
be used to make a water paint
water-impervious film that will dry at room temperature; for
finished
The
/ 281,180
337,414
preliminary,
shares (par $15) formerly held
placed privately with an institutional
Union Securities Corp. • v
/called
v"-
■"
6,605
issue of 9,250
stock
a
packaging
foods;
an
adhesive,
Geon
as
Latex
as
and
31X.
protective
a
in
the
,
average
Motors
$45,390
$59,923.
;
'.t 1 Period End. Jan. 31—
-J
' r
•
change.-
eral
\
1948
^1947
1948
.
-
p.j(1043,. ;
See Home
'••v'--
43.242 -30,781
46,239 >
15,687
2,0b2
1948,
'
,
—Jan. 1 to Feb. 29-—
End. Feb. 29
directly by the Reconstruction
124,253
59,068
17,262
163,446
NOTE—February,
9 Days
;•/ 'ijV/ -/fy /:(.!;! -ly/'?//^"V.;;
Gibraltar Fire & Marine Insurance Co.—Merger—
'3-.See Heme Insurance Co.-below.—V. 163/p. 1427.
year,
Payrolls at Record Peace-Time High—
1,867,970
1,481,453
3,975,431
par)
_—
reserve
-
$9,515,349
($5
surplus.
Total
/
•
50,000
1,000,000
.
surplus
Capital
Earned
price adjustments on sales contracts '
pfd. stock ($100 par)
conv.
•*> »
$
20,599
•
Total
760,000
.
88,319
income)
cum.
*
47,977
37,098
5,465
__________
...
revenues/
167,
with
349,200
taxes
M.
current
Coach—
;
-
Georgia Home Insurance Co.—Merger
1948—2 Mos.—1947
/*'*•:;' '"•*'?-v
15,967
GM of Canada—
60,811
'•
60,239
30,026
585
&
Coaches
Passenger
Trucks
BY G.
1948—Month—1947
2,005
Trucks
Treasury
interest)
Federal
Truck
GMC
1
58,363
on
savings notes and accrued
Accrued
taxes
(other than
Reserve for
567,256
123,095
U. * S.
and
bonds
savings
Federal
$408,568
132,646
103,399
—
payable
wages
*
.-,
Globe & Rutgers Fire Insurance
I
'
•.
•
in February of the
and 38,138 were trucks.
21,698
_!
*$12,734
February,
of
23,794
____-
__j
211
*53.803
applicable to interest—______——
'
V.
trucks
and
cars
month
*.••••'"'* V;
'-"S__________
215
Car Production—
MOTOR VEHICLES
Pontiac
Buick
Cadillac
•
OF
Truck
Old.smobile:
Total
cars
1,541
*$12,523
income-
.
//'</
■/?//■/
) './
produced
vehicles
passenger
2,097
;
Co.—Preferred Issue
in' the United,
compared with /Placed Privately.— The Company announced March 10
and trucks, and 153,023 in February
that its entire outstanding $4 cumulative first preferred
168,146
the
./// //:■ / :.?//' "
total
the
■ 1,~ 1947.—V.
166,
/''///// V / ■*' /-/ r
?'/
March
cents on
50
total of 168,968 cars
year.
Period End. February—
/ 2,040,264
136,893
_______
—
charges—
and manufacturing
and
/
during
Canada
and
TOTAL
5^438,022
2,117,711
—
assets
*Fixed
Deferred
*
1,065,816
4,931,363
last,
produced
corporation
130,308
'
1,402,516
at the lower of cost or market——
assets
$547,930
2,
J
;/"//''
January
Of
1946
-
:
States
last
1947
;
•
The
-
SHEET, DECEMBER 31
Cash
Inventories,
amounted
.V.
Sept.
on
General Motors Corp.—February
its
ASSETS—
Notes
$1.91
$2.76
expenses
1947 and $210,935 in 1946.
BALANCE
**
Period—
corporation on March 1 paid to common stockholders? of record
a dividend of 60 cents per share.
This compares with 70 cents
854.
2,132
*$14,064
*$5,686*
________
from
Surplus
18
disbursed
p.
/
Earned
Common
Dividend—
Gary Railways, Inc.—Pays 60-Cent
Feb.
$3,037,480
373,594
dividends
stock
Common
—
11,243
2,012
*$3,588
income
income
Deductions
Offering—A second¬
Gardner-Denver Co.—Secondary
$715,139
3,037,480
___
beginning of year.,
11,824
income.
Cloud,
St.
*$689
$18,857,735
ary
The
Total
in
3,299
$8,150
railway operating income.
Gross
Mos.—1947.//
1948—2
-
3,531
rents (net Dn__.
facility rents (net Dr 1.
Operating
700,000
yrs.)_
for doubtful accounts
reserve
or
center
6,323
Insurance
•
on March 9 opened a new
Minn.
Its first store was
city 23 years ago.—V. 167, p. 847. //////
shopping
in the same
opened
$1,059,298
'
operating
Railway
corporation
also announced that the
is
6.228
6,767
1937/_/_V——
Unemployment
Equipment
25,682
______
______________
for Fed. taxes on inc. (pr.
prov.
Adjustment
income
on
433.
p.
$15,1G1
6,472
-
Net
$9,246,971 $18,553,327
$9,705,269
$1,000,000
$1,205,641
14,799
income
It
82,400
$1,774,097
__
Interest'expense—
Provision
,
167,
1948—Month—1947
Period End. Feb.-#-
$1,123,241
$1,711,024
_
income
$24,920
operations
1938_1____—~—
of
Act
189,925
mi.ecellaneous-___:__—_—
and
Railroad
Federal
1947
$205,086
198,903
•
accruals—
tax
Federal Railroad Taxing Act
//
Inc.—February Sales Increased 5%—
Sales
Other
lr,48
$223,826
"
railway
from
revenue
Non-operating
Gamble-Skogmo,
8,519,801
1,479,624
—
below.—V.
Co.
Insurance
Home
$10,913,900
10,170,730
____
Selling, general and admin, expenses
Regis¬
r
company on
See
?:
1946
Northern Ry.)
Statesboro
v
January—
of
Advalorem
Franklin Fire Insurance Co. of Phila.—Merger—
1947
.
RR.—Earnings—
1—,.,
Railway/operating expenses-J-'-lL...'—<r~l—
Joint
$13,361,378
____
—
Month
and equipment.
•
sales
Corp.—Weekly Output—
kwh.. an increase of 17,404,356 kwh./
week of last year.-—V. 167, p. 1043.'<
registration
INCOME ACCOUNT FOR CALENDAR YEARS
:V
Cost
of
to
.
Railway operating revenue:
alphabetical
<
25 cents per share
of record March 12.
last, which was fol¬
Sept. 30 and Dec. 16.
corporation for the week ended March 5,
output of this
electric
Georgia & Florida
March 8 asked the SEC for permission to withdraw
statement filed in May, 1946, covering the proposed
public offering of 300,000 shares ($1 par) common stock and 75,000
stock purchase warrants.—V. 163, p. 2852.
The
a
the purchase
company's intention
is the
It
plan of modernizing all plants
its
continue
was
two
alphabetical
Flying Freight, Inc., New York—To Withdraw
assets
current
amount
General Public Utilities
The
Not.
tration Statement—
Co.—25-Cent Distribution—
the directors declared a dividend cf
stock, payable March 31 to holders
1948, amounted to 151,415,686
cr 12%
over the corresponding
possible.
as
common
.
always
not
22, 1948, making,
46.
the common
Railway
was
showing a ratio to current liabilities of 6.24 to 1.
$334,046.67
was
expended during the year for
to arrange companies in exact
However, they are always as near
position
of inven¬
company's
The bank
$1,400,000 outstanding on Dec. 31, 1946, was retired, cash on
increased $230,000 and Federal tax notes in the amount of
of
hand
substantial reduction
a
the sale of $1,000,000 of preferred stock, the
position was materially improved during the year.
and
financial
loan
with
together
earnings,
..Through
tories,
possible
is seeking another site in or near Dallas for the erec¬
plant and office for its Mid-Continent D + B Division.
company
is
it
reasons
Pa.ji
Scranton,
<
.
;
.
official,
will sell 240,000,
and the company 125,000 shares.
mechanical
NOTE-—For
:
Vv\-7
paid on June 30,
lowed by additional payments of 25 cents each on
—V. 167, p. 649.
' '
<
'
a
company
12,000
:
par
(Including
expansion of Love Field Airport.
The
4%
filed
10
a
officers
company
167,
Feb.
On
on
An
Products, Inc.—Registers with SEC—
company
Conn.;
New Stock to Receive 10-
—
General Portland Cement
1948—2 Mos.—19^7
$851,611 A* $852,805
1948—Month—1947
$437,254
.*
649.
p.
1947, and the balance on or before April 1, 1948, the $40,000
in the event the city should fail to pay the $200,000
when due.
It is the intention of the city of Dallas to use this property
4%
York.—
forfeited
be
Net
of
Bank
New
50-cent
share.—V.
February—
Taunton,
Mass.;,/Meriden,
Ohio.—-V,''167i p. 941. ;
31,
to
,
of
Co.
Lead
National
Co.
direotor
a
Joseph
First
$440,914
stock,
$240,000.
Dec.
St.
the
the
Guarantee
and
registration -statement with the
SEC
covering 385,000 shares of 60-cent convertible," ($5-pari
value
preferred stock and 325,000 shares ($1 par) common stock.
Floyd D.
Cerf
Co., Chicago,
are
underwriters.
The preferred shafes will be
offered
at
$10 a share and
the common at $6.
Of the - preferred
company's
the
of
States
Chair¬
also
is
Guarantee Co.
and
Co.
director
a
United
since
the/company
Chubb
Hendon
States
1735.
p.
The
On Dec.
city
of
160,
also
the
of
of
President
founders.
United
Insurance
is
2nd,
and
' Flotill
/
value convertible preferred shares were offered for sale pro
to all common stockholders.
All of these preferred shares were
the
Chubb,
York
—V.
par
indebtedness
Prudential
the
the
of
apparatus
E.'s
G.
stock into two
stock, the present $1 par
common
stock of the
corporation will be suspended from dealings
on
the
New
York Curb Exchange' at the opening of business on"
March 23, 1948. at which time the new 50-cent par common stock
will be admitted
to dealings in substitution therefor.
A dividend of 20 cents per share previously declared on the present
$1 par common stock of the corporation for payment on April 15,
1/..48, to holders of record at the close of business on April !, 1948,
will be paid
to holders of the new 50-cent par common s.ock at
Ihe
rate
of
10 cents per share, being equivalent to
20 cents per
share on the old issue.
Payments on the present stock in 1947 were
as
fellows:
March 1, an initial of 20 cents; June 1, quarterly of
20 cents
and, extra of 10 cents; Sept./ 5, 20 cents; and Dec. 15, :,
quarterly of 20 cents and extra of 10 cents/" /;
Subject to the splitup becoming effective on March 22. • 1948, the
new
50-cent
par
common
stock will be quoted ex-dividend on the
Curb Exchange on March 25,
1948, in the amount of 10 cents per
(M. H.) Fishman Co., Inc.—February Sales—
called in for exchange for a like
shares and 10,000 4% cumulative
were
common
(N. J.)—Changes in Personnel
been
had
the
.of
one
board
Period End.
resolution of the directors on Nov. 11, 1946, and authority of
Securities and Exchange Commission dated March 26, 1947, the
number
was
for
space
more
was
and
"new"
of
shares
thg Board of this company and of the Vigilant
/'.///,?:///■-.•
/
Sales
a
$100
of
which
to the filing of an amendment on March
the proposed
splitup of $1 par common
effective
subsidiary.
a
Chairman
the
of
Percy
Hugh H. Glen, President, says in part:
By
Co.,
new
provide
to
plant,
Cash Dividend—/
Subject
Offered—C. G.
(par $1) at par.
Proceeds will be used
RFC loan and for working capital.—V. 167,
Co.
vacated
General Plywood Corp.
.,
March 2 offered 300,000 shares of
on
new
Coshocton,
Cent
Co,
Chairman
of
Insurance
Report—
Co.—Annual
Equipment
&
remains
Volderaucrs
A.
Percy Chubb 2nd, formerly Vice-President, has been elected Presidet,
succeeding Hendon' Chubb, who
has been "elected to the new
V.
Derrick
Emsco
and
and
-
Federal Insurance
New
167, p. 941.
directors,
warrant,
Walter
board,
the
of
941.
p.
of
1948—2 Mos.—1947
$8,741,582
$8,155,038
1948—Month—1947
$4,157,978
&
a
repay
man
Stores, Inc.—February Sales—
.'
become
Chairman
new
stock
common
to
1928
Edison Brothers
Ash
Mr.
,
McDonald
The
Period End. Feb.—
and
the
from
there.
G." E.
Pittsfield
at
;/?;//// ;^•"..:*yV./ /
;■ -.
becomes
Federal Industries, Inc., Detroit—Stock
■
Sales
/' ?/■ /
Schott
C.
if business Conditions
' ■ '' 1
: '* '■'
500
and
400
being installed at the Decatur plant are being
the G. E. plastics factory at Fort Wayne, Ind., which
occupied during the war by the
Caterpillar Military Engine Co., was purchased last year from the
War
Assets Administration.
It* comprises about
106,000 square feet
and has been
remodeled for plastics manufacture."/- ' Vl.
General
Electric Co.
conducts, .other plastics manufacturing plants
Walter
;.
Harold
between
presses
being
now
Tne
involved.
paid out for materials and supplies, $6,927,000 for taxes, and $4,for other necessary expenses. Out of $35,879,000 which rGm$28,443,000 was paid to the 8,000 employees.
A total of
cf
transferred
is
inained
was
vV:-1 '"'■?■
1
plant.
the
operations
775,000
and
C.
E. plastics molding plant, expected to
factories of its k'nd in the country, was
March 2.
The plant represents G." E.'s
"G.
011
said.
Most" of
Ohio,
Harold
HI.,-"
Decatur,
plastics
was
common
stock
Majority
Mansfield,
167,
-
it
interest; in this corporation, which has plants in
and Evansville, Ind., was acquired on Feb. 2-5 by
E, Schott, prominent Ohio industrialists, and
their associates including Harrison O. Ash, President of the Columb.'a
Axle
Co.
A
sum
of
approximately $2,000,000
was
reported to be
———_____
—
company received in round figures $100,149,000,
almost all of which came from its customers.
Of this sum, $52,568,000
During the year the
at
-employment
Tools, Inc.—New Interests Acquire Control-
Farm
first
The company stated that about a third of the approximately 130
hydraul c presses scheduled to be placed in operation,; have already
been
installed.
The new molding plant will 'eventually call for an
846.
p.
the
strikes.—V.
by
V:
stock, Engineers would be
$100 debenture for each 25 shares of .common
Virginia's
of
acquire
to
held.—V.
$7,436,131
—
shares-————.——
common
Number
1946
shares
162,6*12
entitled
1947
Calendar Years—
Net
of
Co. (& Subs.)—Earnings—
Eaton Manufacturing
become
sixth
adversely
Co.—New Plant—
Electric
shipment from a
one
of the largest
started
for authorization to sell on the
to subscribe ts' its pro rata por¬
due in 1963, being offered by the
,•
during
Operations
1946.
of
affected
were
'■ '."V;.
General
Init'al
Virginia Utility Debentures—
convertible
the
of
months
1946
and
employees
of hburlyrrate.i-.empldyees. in the United
compared with average earnings of $53.93
■".:"■■■
745.
pay-,
The report also showed that General Motors
hourly-rate employees and hourly-rate pay:"
United States--plants during 1947.
Com¬
$57.86,
nine
of
and
its
earnings
were
last
months
thro
p.
1947
the
during
debentures,
Virginia Electric & Power Co.
Engineers is in the process of liquida¬
tion and does not desire to exercise its subscription rights.
As owner
tion
weekly
in
States
Chase
the
in
$807,730,919
Average
the SEC March
by
from
average
of
parable
figures for; 1946 were 203,726 hourly-rate
hourly-rate payrolls totaling $566,042/365.1?;'!.;
*
Approved—
has asked the SEC
Exchange its rights
company
York»-Stock
New
250.
p.
issued
was
$200,000
To Sell Rights to
April 1 to holders of record March 15, 1948, out of
accumulated after Dec. 31, 1944.
Like amounts were
last.
order
borrow
payable
the 4ViVc prior preference stock, both
on
•
the war.
of' 268,479
an
rclls
employees
hourly-rate
1946
total
and
and
and with 303.827 salaried and hourlypayrolls of $669,744,870 in 1941, the highest
in
$870,215,992
employees
figures prior to
1 authorizing the company,
National Bank, "New York/ evi-f
denced
by a note maturing March 25,
1948, and carrying?* lV»% ,
interest,
together with $900,000 from
the Irving Trust Co., ' New:
York, evidenced by a 1%% note maturing in six months. •.
Engineers proposes to use the $200,000 for current operating re¬
quirements and the $900,000 to retire two notes in the amount - of
$200,000 and $700,000 now held by the Chase National Bank.
An
$9.96
declared a dividend of $1.50 per share on
preferred stock and the usual quarterly dividend
cumulative
6%
$20.47
'
;
have
trustees
The
;
I"
/
salaried
300,634
had
year.—V/167,
■//
week of last
■
.'/ '■
of
rate
input of subsidiaries of
an increase of 9,402.000;
System
the
4,
corresponding
the
over
Engineers Public Service Co.—Notes
to
$3,727,036
$7,659,425
preferred stock-..!—.—
preferred stock
6%
share of 6%
to
applic.
1,108,729
prior pref. stock
requirements on 4 Vu'
Balance
$4,835,765
1,108,729
income
Net
March
ended
amounted to 61,894,000 kwh.,
17.9%,
or
1042.
p.
>■
Dividend
week
the
this corporation
4,208,169
1,810,490
5,126,263
1,854,878
depletion
and
Depreciation
1
taxes
income
For
1947
194G
$20,631,881 $13,030,055
4,882,586
2,175,631
Calendar Years—
Total
rolls
Light Corp.—Weekly Input—
Electric Power &
Associates—Earnings— '
Eastern Gas & Fuel
of
average
covering for fruits and vegetables;
other ways.
announcement
stated,
is
flexible,
odorless,
grease-resistant, will , not support a flame, and adheres readily to
paoer, wood, Fiberglas and textiles.
The firm announced that it will
/not make finished products, out ot the material;'but will sell It to
other manufacturers.—V. 167, p. 847.'}';)-• -ii->
• t-, Vr
;' ( " • t
!r "
155,388,163,
The
1947
totals, highest except for
wartime years,"compared 1 with
-
Goodyear Tire
&
Rubber Co., Akron,
Ohio—Annual
'
Report^Record peacetime sales of $670,772,647 for 1947
were reported on Feb. 16 by P. W. Litchfield, Chairman
Volume
of the
167
Number 4681
board.
This compares with
the previous peacetime
Consolidated
from
this
sible
fore
net
in
this
with
to
to
$7,500,000
$33,044,943.
$15,000,000,
made
was
for
The
been
pos¬
$36,211,784,
were
1947 .and
1.
equivalent
to
$16,07
ratio
alone,;, amounting
"The
:
year'
the
penditures,
pensate
funds
provided
debt
current
liabilities
by
exceeded
6
was
total
ments.
the
company's
the
retirement
and
"iVz'k—23,4 'it<
20-year
(Including
unsecured
domestic
;
substantially
cancellation
bonds
of
totaling
foreign
notes
its
first
$36,090,000
for
its
and
companies)
interest,
of
Prov.
1946
and
funded
$
$
and
gen.
other
of
620, 616,215
442, 904,116
for
S.
77,096, 768
69, 972,126
57,968,342
Prov.
for possible
investments
for
1,888,746
._
for
equity
income
loss
of
802,725
38.610,000
11, 375,265
6,663,371
7,500, 000
profit
25,544,943
stock——.
per
common
share
.taxes in
preferred stock—.
36,211,784
4,117,118
$16.07
tlncludes
SHEET,
Treasury
and
notes
cost
at
'
'
■
or
refund
receivable——!
charges
to
63,743,476
70,713,143
1,624,637
war
U.
S.
taxes
for
1,295,871
945,699
value
of
$100
Common
share)
per
stock,
no
value
36.602,104
tAfter
.for
'1946.
"•
59,440,300
11,502,132
—V.
debts
depreciation
of
and
cents
$7.3.76,286 in
amortization
1947
and
stock,, .payable March
last, a distribution of
in
company
March
15, 75 cents;
—V. 166, p. 1355.
v-'»
'
•
to
15
s4
holders
share
per
1947
made
June
16,
318,406,144
434.
made
■;
—
167,
•
Jan.
1948—5 Wks.—1947
$10,204,577
__
*15,
—V.
167,
Higher—
•
Consolidated
sales,*
-^-V.
746.
$3,702,276
$2,401,527
$7,495,071
■
McClanahan
Oil
Co.
below,—V.
: *
January—
Gross from railway—
Net
from
Net
107,
Month of
166,
V-
,
1947
1946
1945
$230,285
$236,818
$238,358
46 880
yy56,949
the
10,444
19,788
28 074
-
'*-•
The
1°47
$5,584,678
—
746.
167,
p.
and
has asked
to
the
FPC
to
approved
retire
$4,500,000
worth
the
Bonds
of
are
notes
for
due
1948
June
sale
con¬
30—V
fund
be
St.,
have
fund
been
monies,
debentures
made
at
tLe
Cleveland^
called
due
for
redemption
$151,000
Oct.
Cleveland
Ohio.—V.
1.
of
1960,
April
Harris-Seybold
at
Trust' Co:,
166, P.
on
lQ4"and
Co.
next,
33/4%.
interest.
trustee, Euclid
1150.
l,
Ave.
cut
"'has
sinking
Payment
at
East
will
9th
a
each
1947
1,628,475
and
balances
in
various
to
way
but
eliminates
them,"
share
only
to
£i'eat
a
said.
dividend
he
com-,
with
Intact-
deal
preserves
ex¬
will
annual
•
he
•
constitute
the
directors
City
first
board
of
affiliated
the
of
continue
will
advisory
es
be
held
April
8,
28.
will
vote
April
on
5,
will
comple¬
&
Liberty
Paul
rn
The
April 6,
on
7,
April
6,
13.—V.
'
•
April
April
on
toe
on
Ame'-iean
on
Marine
on
Revere
pro¬
Meetings
act
to
Baltimore
Fire
' the
upon
1948.
companies
The
Gibraltar
The
following
City of New York
National
and
9,
16.
The
April
on
April
Co.
affiliated
follows!
as
April
on
officers
officers
.
meeting
nine
affiliated
the
of
constitute; the
additional
companies
Insurance
annual
the
boards
will
that
affiliated
Home
of
the-
Home
it is planned
the
of
from
The
of
and
their
on
on
Home
Insurance
•
The
■"
"1
Nrw
157,-
'•
■•
.
Go.—Merger Terms—
above.—V.
Co.
Waldorf-Astoria
taxes,
157,
345.
p.
Corp.—Annual
1947
insurance,^"689,765
from
•«;•
Report-—
1946
'
-
9,989,-83
657,451
•—**.—
-operations—.ii-iy- $3,195,489
•
$13,973,051
620,835
'...".'d.
•
1945
,
Income. $18,111,459.$16,451,523
14,226,205 * 12,792,813
expenses
•
Income
Refund
1,422,975
12,367&
and
1947
shares
discounts.
and
of
Total
real; est. taxes
(1939-45)
:'yj.
in
income
thereat
f,
*
•—»»—
$3,037,873
$3,325,816
Provision
1946.
•Net
y
for
dividend
a
March
to
31
Dec.
on
of
12,
holders
.which
cents
20
cents
^i/2
of
per
-Federal
first
164,
was
letter
a
of
to
the
"a
of
the
class
13,
337,142
360,843
383,791
,272,610
302,171
$645,089
$526,010
tax_2
$583,889
provision: for Federal
income
$16,072 foslthe calendar
assets—
"
balance
tax
in
U.-
sheet,
dec,
elected
'Class
by
A'
and
the
in
Committee,"
representing
were
Total
company's
over
history,
as
Mr.
of
the
Auer
Feb.
class
points
20,
1948,
from
the
779.855
98,531
6,635.779
leasehold_____.„___________-_
charges
J
.operations
and
6,845,535
10,300
crediting
charging
retirement
305,746
amorti-
'
debent.__
of
10,300
247,150
—_______
alter
»»
•
r
Cr430,501
{
'
,
412,570
'
-
•
fire-
LIABILITIES—
Accounts
York
'
payable
Due
New
Inter. earr.,ed
Federal
incom°
Sundry
taxes
on
accrued
& Terminal Co.__
for second half of year
accrued
.account
account
Capital
of
fund
stock
and
in
net
160,742
reorgan.izat'on
^earnings
expenses
35,679
40.053
7,296.500
8,192,500
366,380
income,debentures outstanding
(par
336,330
$!)____—
847.
Houston & Brazos Valley
January—
1948
Net
ry.
railway
railway
from
'1947
$135,069
i__
1_
$112,155
78,495
income
oper.
130,
Ry.—Earnings—
*
.from
Net
—V.
333.915
$9,997,180 $10,923,997
167, .p.
Gross
154,102
297.396
._■■
Totf 1
-V.
accompanied the letter.
companies have approved the proposed
merger
29,473
138,158
withheld—
-deficiency
of
49,377
28.077
118,230
Deposits, unearned rent, accounts receivable
other
credit
balances..
-On
3 76,491
17,823
_____
tax_
expenses--
interest
272.566
200,793
taxes--.,
204,812
368 236
,
Sundry
143,404
382,412
collected.
or
$822,786
138.084
.corporation.
.insurance
retirement
-
Realty
debent.
tax
Unemployment
Federal
$786,825
—
State
on
for
American Insurance Co.
of New York has 600.000
of a par value of $2.50 each, of which The
Home
shares.
Each share will receive .268
of a share of The
,
66.843
41,508
:
53,321
4601.
p.
Houston
of
of
Insurance
$10
New
receive
The
share
of -a
The
National
Eire
par
'
•
value
-is
will
Home.
Homestead
of
■
a
shares
shares
1.212
Co.
The
share
outstanding
owned
arc
shares
has
150,000
Home
owns
of
shares
75,427
of
by
Home
a
The
stock
outstanding,
shares.
*
Each
y
-Fire
of $10
entitled
receive
&
.772
Marine
value
Each
of
share
-y
of
will
to
.747
of
which
of
share
a
Home
of
Home.
100,000-
73,696
of
a
- • -
100,000
The
The
has
.828
1
..
has
share
of
Co.
which
of
receive
y:
«
,
Insurance. Co.
each,
a
each,
equivalent
outstanding
year.
The
1947.—V.
'
prior
old
166,
March
8
Corp.- -New
declared
The
a
Common
dividend
Stock
of
20
cents
stock, payable March 31 to holders of record
common
is
on
to
to
shares
p.
60
.cents
the
share
three-for-one
received
2559.
per
50
cents
on
the
split-up
per
share
old
to
in
January
each
share
1
shares
owns
of
are
during
\
,
,
,
Co.—Earnings—
1943
.
^
revenues—
—
1947
•
$17,075,141 $14,092,866
-
40,577
28,444
The
Operating
outstanding
66,456
Operating revenues
Uncolloctihle operating
stock
this
of
quarter
-
Illinois Bell Telephone
Month of January—
shares
shares
share
per
March 19.
common
^
shares,
revenues
_r.
Operating expenses
Operating taxes
Home.
Liberty Insurance Co. of America has 2.000,000 shares out¬
of a par value of $2 each, of which The Home owns
1,181,187
Each share is entitled to
.249 of a share of The Home.
standing
Gas
Home.
Insurance
$10
directors
the
on
This
*
The
of
Insurance Co. of Philadelphia has 600,000 shares
value of $5 each, of which The Home owns
21,317
a -par
Gibraltar
share
.846
50,000
18,676
receive
will
which
of
Fire
wllk.i
Carolina
Insurance
each,
Franklin
by
of
'las
Co.
each,- of
York
$10
Each
Natural
Receive 20-Cent Dividend—
.
Each share
•„
$9,997,180 $10,923,897
5% sinking
nimr
revealed
letter by Harold V. Smith, President
of The "Home,
to -stockholders of all of the
companies involved.
of
of
.
On
York—Merger Termsof
1.489.339
-•
86,284
value
Debenture
of
1,477,277
Total
in place of
$29,000,000
______
764,881
deferred
zation
Mr.
$984,068
common
■■
stock,
tecelmble, netltt-^:
book
1946
.
250.000
:
;
V,
$956,010
___—
Investments
to
common
the
Net
Deficit
stocky
y
efforts
"A" ; stockholders,
addi¬
31
-'.f.■ .V\r:1947
:
Treasury .savings -notes___
-
includes
'-
cash
s.
1947
1946.
year
Prepayments
proxy contest will
in an effort to elect
1948
common
"■
.
best
orders
each
471,650
337,496
Inventories
another
so-called
directors
•
to
informed"
meeting April
the "hands of
5
1,G65,142
410,125
^
change the company's manage¬
ago," his letter states, "these directors have tried to
company on a basis that would put control of R. Hoe
a
income
comparative
Total
$3,325L36
1,632,541
—4—
of
.
record
the
paid.—V.
was
tax
$3,297,510
369.250
_—h—
profit
tional
258,936
$3,309,197
-
113,708
.,debentures-__-__ij-ii
on
Total amortization
in
iAfter
$2,739,579
:y
when
in
been
unsuccessful
CaYolina
par
shares.
S,
tor
Laws.
8,847.253
in
paid
1945
favorable
agreement
y
will
The
U.
and
after the completion of the merger
increased to permit the inclusion of
be
.
tit
.■
^
shares.
of
the
not
;'
Accounts
now
March
•
The
The
of
counsel
,
backers
time in
Home.
of
-Fire
Total
32,451>
Drl92,.175
payable
was
20,
T
outstanding of
.
the
Anti-Trust
constructive
will
chosen
officers
will
operating
700,000
Dr123,675
declared
stock,
annual
are
of. the
outstanding
Harris-Seybold-Potter Co.-t-Partial Redemption—
There
*
700,000
3,750^000 V 3,750,000
942.
p.
value
owned
:
will
be
The
of
Tbtal
2,237.105
y
11,625,861
' :y
•■
President,
more
unfiled
value
share
and
to
Gross
,
outstanding
City
-
issuance
659.
sinking
the
353,687
Home,
$5,168,854
1944
commerce
Baltimore
shares
par
1948
1—____
$12,000,000 30-year first, mortgage bonds.
struction
y
the 10
plan of -.merger. Shareholders of each
company will vote on the plan
at meetings: to be held
during April. Stockholders of The Home will
also vote on a retirement
plan to modernize the one now in existence.
Outstanding capitalization of the affiliated companies, the
number
of shares owned
by The Home, and the ratio in which shares of
the
affiliated companies,
except those owned by The
Home, will be con¬
verted into shares of The Home
are
as
follows:
The
"Gulf States Utilities Co.—To Offer
Bonds—:
of
Auer,
years
on
copy
owns
February—
company
•
y-55,360
y
700,000
of the
proposed merger into this company
insurance companies now affiliated with it
first
mailed
par
The
•".
Home Insurance Go., New
64,952
13,157
746.
p.
2,617,'764
91,981
"In
Federal
"It
York
New
Calen.dar Yea rspf sales, etc.f operating
186,024
yv
3,750,000
doubtful
amount
Dec.
company
Directors
2103.
p.
of
Home
at
plan
Hotel
'
A
71.031
!.
_~—
—V. 167,
for
directors
like
their
167,
(II. L.) Green Co., Inc.,
-February Sales Up 8%—
•»
L.
and
Home.
Sales
1
Dr431,227
;-„y
since
year'was
out,
7~
$4,943,127
$280,957
railway,,:
p.
227,142
were
RR.—Earnings—
1948
ry.. oper, .income
—V.
Last
Terms
-
.
,,
Green Bay & Western
-
T*
.
y
two
marine
Great Lakes Chemical Coip.- ^Control
AcquiredSee
A
Co., Inc. .into
'*■
1948—2 Mos.—1947
and
Home
merger.
Homestead
See
586,897
243,387
;20.367 V*"-'shares
by
principal
—V.
1948—2 Mos.-r-1947
1948—Month—1947-
the
1044.
./.'V1' y-',
,
companies.
said.
interstate
541,939
982,045
stack, where it rightfully belongs."
Management nominees for the three class "A" directors to
be elected
,at the annual meeting are Harry K. Barr, President
o.f Barr Shipping
Co.;
Vandiver ' Brown,"General
Attorney and Secretary of JohnsManville Corp.,
and
Mr.
Auer, all now directors of the company.
Grayson-Robinson Stores,
Inc.—February Sales—
p.
on
on
'A'
:
The
The Carolina
7,
The
p.
$28,811,757 $24,052,979 $18,933,696
the
recapitalize the
l"".
to
a
planned that shortly
stockholders
proposed
$821,227
984,167
,
'
.Period End. Feb,—
167,
$1,605,840
781,888
l,159,18p
interest
common
place at
$12,759,607 $11,441,179 $25,062,969
$22,685,007
746.
p.
officers
Homestead Fire Insurance
1,628,475
13,982,309
-27,
15.;
the
ment
&
$99,794,848 $83,442,794
;1S48—Month—.1947
j
outside
directors
merger
April
Manufacturing .Corp.—12 Vz -Cent Dividend,
the
on
"Since
(W. T.) Grant Co.—February Sales Increased
11.52%—
Period End. Feb.—
is
of
the
of
the
y;
1,418,319
rents..
Stat^. taxes
567.
p."
asserts,
stockholders.
,-'H'
Sales
$3,000,000
apd
-reserves,
Auer
1948—52 Mos.—1947
$8,603,689
living
selected
Franklin
111
depreciation, of $2,910,912
Feb.
The
Vninif?
•
745.
p.
take
this issue.
Grand Union Co.—Current Sales
18.6%
Sales
On
subject
oat
over
1.634,771
for
Joseph
y :
common
1.
he
recom¬
dnted
companies as a
provided a medium of
and
is
and
p
companies
of
group
company. •• Present
company
from those
of
206,600
^(R.) Iloe & Co., Inc.—;Proxy Fight Expected—
.'jrflolJ
Period End. Feb. 28— y
7,758
.258,340
these
affiliated
changed."
insurance
The
of
merged
merged
posed
$28,811,757 $24,052,979 $18,933,696
(par val. $10 each)__
1329.
■p.
following payments*'■>-Jan. 15, $2;
$1; Sept. 15, $1.50; and Dec. 15, $2.50.
-
404,367
257,813
2,487,436
"A"' directors
the
March
on
&
stwkhdlders'
distribution:,
-
on
-the
Stockholders
37,306
1,111,476
the
by
the
Present
tion
880,475
.
business
of
in
a
approximately $273,982,070.=
directors
of
It
the
y
41,938
1,234,798
278,387
of
assets ;of
board
be
92,652
58.175
1
...
the merged company as heretofore paid by The Home.
companies, agree to the merger, The Home will have a
$19,904,293,' a surplus of approximately $70,429,474, and
additional
y :
1,853,432
^
tAfter
y March
$6,791,287 in
the
.
141,758
.
r
of
of
pol.
fixtures—
taxes, • other .thai) taxes
166,'
On
$184,033,297
U. S. Treasury
p.
declared
of" record
was
insur.
&
wages
forJPed.
19,614.372
of
reserves
share has been
per
of
386,217
rot
companies have been carried on under a moratorium
in Public Law No. 15.
The moratorium expires
.companies.
"
do
by
companies
1
'
of
the
10
boards.
y.
i"
all
Present
.546,565
loans
payable..—■!>;•
llaskelite
92,952,000
Gorham Manufacturing' Co.—75-Cent
Distribution-^;
dividend of 75
&
operation
became
opinion
NOTE—The
*
states
—V.
value
"y^^Representecfv
reserve
59.050,300
11,502,132
bad
cost)
Home,
Georgia
1948."
the
is
total
>
ToMl '—
y
(stated
._
167,
The
(at
260,300
in
Congress
by
capital
.
,
the
situation,
the
242,600
stock____
common
,
825,000
Home
affiliated
30,
If
T.:
■ .■
.time
•directors
for
(less reservest-___-
(Common stock
13,674(777
in 1947 and $174,700,189 in
1946.
tAfter deducting
notes-of $16,976,278 in 1947 and
$37,850,860 in 1946.
§ After-deducting
Wx reserve certificates of
$60,075 in 1946,—V.
*>.
co.'s
employees
\
because
production
risks insured
the
continued
6,160,233
:
y
669,500
"Treasury Stock' L_:i'__
16,327,808
cos.
407,845,308
reserves
1946.
A
&
9,953,471
acquired stock interest
proposed merger is the
according to Mr, Smith.
-the business capacity of the companies
tent the legal uncertainties now
facing
Jt is anticipated that the $1,20 pen
.
and
Capital surplus
Earned surplus
19.663,687
surplus L-.i—107,263,992
"After
cost)
at
its
It
114,220
y
,
-
had
years
panies -that
1945
194,673
12,870,312
^Reserve foFlcdnWngencies——.
3.889,849
10,802,809
45.626,701
subsidiary
par
<
'
;
because laws
the
:'ly,
of
granted
$6,002,306
2,637,862
1,843,351
v
-incomey
value \ (outstanding,
.par
and
$4.63
3,324,191
242,235
type unless
the.
30
1,312,904
5,196,143
41,012
outstanding
owned by Tne
raised many legal uncertainties with
regard to the continuance
the arrangements under which the comnanies have
operated through
years.
Since the Court's decision the operations of The Home
of
$8,847,253
1946
owns
Home.
shares
of merger informally and have indicated that it
requirements of the statutes of their respective states,
the
Home
first
the
$5,136,316
to
Brunswick
2,128,175
3.6,090,000
Total
>y
officers
surrender
share
y
receivable
invests,
Resente
3f,579,000
reserves—,.
—
1947
___:_
Home
The
This
569,252
$3.44
SHEET, NOV.
$3,157,906
(at cost)260,976
securities
of
Accrued
'
■; 2,085,411 shares),,—
Capital surplus
Earned
Gov't
Minority
■
in
$3.03
BALANCE
proposal
merger
this
stimulated
the
$9,416,505
644,518
The
of
100,000
agreement
The
June
$13,-932,303 $11,625,861
,
income)
11,077,423
1
.miscellaneous
year_________
per share___-__-_
Other accounts
of
taxes
notes—
Minority shareholders equity
$5 ,pfd.
stock, cumul.,; no
of
Total
■■
4,366.395
renegotiation
mortgage and collateral trust
bonds, series A, due 1964._i__,—
and
855,678
___.__i.___.
end
payable to banks__
Trade accounts payable.---
68,421,000
.
At
the
spreading
683,713
8,847,253
has
LIABILITIES—
First
4
_s__
Notes
——$407,845,308$318,406,144
«V 3 Vat rU -2% %
Contingent
11,625,861
merger, of
"Today these factors are
Supreme Court decided that
1,563,766
$14,837,987 $12,270,379
_________
1
4 971,433
foreign
Unsecured promissory
14,143
394,244
$28,005,437- $31,809,626
and
year______
3,201,629
1,952,957
contracts
"^Provision
•
beginning of
lives of officers of certain
subs.
on
V
90,692,177
;
...
payable
bank overdrafts.——
fProvision for
a
1.927,811
111,536,229
-t?
,
4
the
a
unit
33,123
Accrued salaries,
Liabilities—
taxes
included in
period
101,684,827
—_
Foreign
23,159
77,041
iPrepaid rentals, dnsuv.; supplies, etc,
Goodwill, trade names & trademarks
L_
149.332,704
operations—
Total
.Accounts
5,187
2,125,435
Co,
of
added,.
that
and
■Leasehold improVm'ts (less amortlz.)
Leaseholds (less amortization)___
$50,792,703
lower.„
is
profits taxes
excess
future
income
iShop equip., furniture
,
1,631,717
whichever
foreign
13,658
21,011
Insurance
In emphasizing the importance of the
proposed merger
mending that stockholders support the plan, Mr. Smith
$1,645,860
7,770,645
purch.
V
y
•
__—
Goodwill, patents and trademarks
*•'
S.
•Sundry
.
;
14,966,449
buildings, .machinery and equipment.J
Deferred
;
1946
$63,411,050
—
bills.——_c—
market
of
he
6,055,655
37,638
Fire
$10 each, of which 43,721 shares are
share is entitled to .923 of a share
of The Home,
Home Insurance Co., also an affiliate of The
Each
conforms
178,292
8,086,534
100,000 shares outstand¬
shares
Georgia
not
ered
57,403
accounts
•Notes
profits
3.1
1947
Miscellaneous investments
Post-war
tax
cash depos.
in escrow for building purposes & depos, under leases
>
$5.87
excess "
DEC.
"
'•
—
States
:
135,477
239,316
profits tax
excess
Gov'-t securities
•Cash
BALANCE
—U—
"Accounts
*
3.049.645
8,248.895
(Including: domestic andforeignsubsidiary (companies)
'
':
"
$3,423,123
at
loans
ASSETS—
y
1945
177,363
340,803
Other notes & accounts
payable____
Invent, at cost or market whichever
y
is lower
15,136,816
3,020,769
8,260,936
$29,964,469.
CONSOLIDATED
inc.
normal
________
•U. S.
2,500,000
1945.
'
30
$36,66.1,018 $45,985,823 $33,940,723
40,572,867
31,895,110
23,731,320
—
tTrade
2,972.015
$10.93
of
133,131
amoitization_
CONSOLIDATED
'U.
amortization
:income______
ASSETS—
-
-.5, 000,000
•
10, 000,000
common
"Includes
and
576.432
31, 645,000
£
on
Earnings
other
Cash
on
$5
NOV.
1946
),820
Earnings
1.339. 927
17,680 000
and
Dividends
<•
,2,440,522
contin., jncl. ..costs, Inven¬
Balance
ENDED
1947
Revere
1.078
11
resulting company becomes a
Georgia corporation. Further study is being given to this
problem.
1
The proposed plan has been
informally discussed with and tenta¬
tively approved by Robert E. Dineen, Superintendent of Insurance in
New York
State, Mr. Smith said in his letter to stockholders. Tr.-e
insurance supervisory officials of the States of Now
Jersey, Pennsyl¬
vania, Maryland, and North Carolina,
respectively, alsa have consid¬
$56,521,917 $45,808,450 $33,805,246
2,261,795
Balance
foreign
on
YEARS
share is entitled to
value
par
permit
sundry. investments,
and
Fed,
"Dividends
-
in
taxes—
Dividends
tLand,
is
the
for.year-'^_$3,212,123
Total
.
1,549,639
tory valuations and prices...
.
719,842,19.6
11,869, 263
foreign
FOR
Paul
The
possibility of
business and
advantageous.
Brunswick Fire" Insurance Co. has
value of $10 each, of which
par
Each
Home.
the
be
a
1947,
require¬
on
'_.
income
INCOME
goods sold & occupancy exps.
^Balance
"39,106,390
profits 'taxes
excess
Invent,
to
prove
of
556,840,322
11, 154,570
subsidiary companies.
for U.
Provision
■Cash
may
30,
a
The
purposes
Nov.
current
New
of
shares.
3,665,447
expense—
charges
shareholders'
earns,
tProvision
.United
.as
revenues
Provision for ,'State
716.176,748
4,108,053
13,6,IT, 487
debt
oper.
Frovision for Fed.
616,503,162
___
service
and
Minority
'!
giving consideration to
such further expansion of
are
surtax
1945
517,689, 107
;
4
admin,
Interest
V
ing
current
at
money
adequate for
are
Selling, gen. & admin, expenses—10,112,752
-Interest paid
___,
70,286
Sundry income deductions
22,353
-Minority int. in net profits of subs._
18,236
YEARS
674,226, 241
sales..
Selling,
&
Depreciation
$100,000,000."
subsidiary
sales
.Cost
the
3,453,594
■
of
r
for
money
borrowed
lines
Total
mortgage
670,772,647
_
Depreciation provided
;
for
Bank
y:'■'
'
income———
Prov.
directors
CONSOLIDATED
Profit
'
borrowed
Indebtedness
financing .for
Dividends irom
1
the
$
i.
has
company
of
excess
strengthen
refinanced
ACCOUNT FOR CALENDAR
sales
Total
Report—Meyer
The
March 1 said in part:
on
(1151)
■J
improvement of retail store properties has
profits and within the capital structure of the
$3,000,000.
The
y
Net
products
in
'
•
-
1947
Cost
Marx—Annual
CHRONICLE
the
of
year.
t,o
FINANCIAL
to
"
of heavy capital ex¬
Litchfield said. "To com¬
Mr.
were
promissory
and
'
Other
&
-improvement .of its facilities
continuation
which
depreciation, and to further
capital
position,
the
company
trust
'
•
for
$35,381,000",
CONSOLIDATED INCOME
Net
out
The
the
long-term
current
/i-
y
through
by
of
'
demand
expenditures
working
collateral
issuance
heavy
paralleled
totaled
these
company's
and
to
$63,411,0.50,
of
was
which
for
funded
assets
to
V.
■;
continuation
during
&
'
Cash
liabilities.'
.!•
of .current
linanced
during
per
for
program
•company.
.
the
Schaffner
-amounted
Working capital of the company amounted to $243,000,000 at the end
.of
Hart
and
foreign
share.
common
COMMERCIAL
Kestnbaum, President,
amounted
year
investments. Net earnings be¬
equivalent to $14.56 per share of common stock;
$10.93 per share. Net earnings for 1946,
after
were
reserve
of
reserves
the
appropriation .of
an
$616,508,162 for 1916,
•
high.
for
connection
this 'reserve
.after
income
amount
losses
THE
Net
Net
—V,
operating
after
incomechpraes-.
167, p.
942.
$17,034,564 $14,064,422
14.540.286
12,318,241
1,780,750
1,415,928
$713,528
$339,253
432,626
163,110
12
THE COMMERCIAL
(1152)
Illinois Central
Month
of
Railway
Railway
,
operating
expenses_--iA.—
-
$1,230,103
income_^____—-—-
.Qther income
Fixed
j
charges
Net
Month
916,356
ask'ng for bids to be opened
The issue will
tnrt
equipment
1,
Aug.
certifcates.
and Feb.
1947-57.—V.
1,
167,
$1,181,017
March 18 on $4,997,000
mature semi-annually
Indiana Harbor Belt RR.—Earnings—
Railway
operating
operating
Railway
/Net
tax
-—a-
ing
—-
$24,660
115,674
rents———.
V.
Net
railway
Total
—
deduct/ons
f*xed
5,773
4-*--—r;——'
income—3,250
from
SEC
0Deficit.—V.
.
' '
Net
ry.
—V.
; ■
651.
p.
"
in
New
317,545
'
Mc¬
erties,
well
as
earnings that
The
a
1946 sales:
of
ucts
•'
■
Motor
has
parts
Farm
'
'
the
part
37.4%
135,067,000
18.2
•
.
Industrial
equip, and
.vice parts
Steel,
pig
R
and
'
___
■-7
7
-
7.4
7/;;777:'
•
(
-
service parts
Miscellaneous
<
-
<
2.0
.2
1,749,000
Sales
to
subsidiary.
companies:
.
<
420,609,000
85.3%
ada,
I.
other
subsidiary
v.' 11.5
•■;<<-<.'•<"" ...
1,581,000
companies
Total
48,507,000
>
2.7%
10.1
Doubtful
741,252,000
61,719,000
482,328,000
100.0%
52
i
services and
chgd.
761,086
rents 101,519,930
65,940,492
G04.104
287,468
467,722
'317,658
conting.
for
of Feb.
100.0%
23, page 848.—V. 167,
942.
p.
-216,457
1
si
—
and
;
.
inven-
'"
Month of
Railway
Net
'V ;.Vv
January—
operating
revenues
from
revenue
Income
Central America—Earnings—
of
available
railway
for
fixed
1948
$i,257,553
.
operat:or.s
;>
>
397,331
297,973
charges
265,258
Net
income
—V.
1947
$1,181,408
516,586
386,554
' 351,369
167, p. 942.
In
a
Manufacturing Activities—
move
to
consolidate
its
manufacturing
activities
abroad
with
those
in
the
United
States,
this corporation
has
announced the
acquisition of the International Standard Electric Corp. by Federal
Telephone & Radio Corp. Both companies are subsidiaries of I. T. & T.
Corp.
; V
'•
•
•
the acquisition of ISE's
stock, Federal will assume control
T. & T.'s major manufacturing subsidiaries, including more than
wholly-owned factories in 24 different countries, employing nearly
70,000 workers.
When negotiations are completed, capitalization of
I.
30
combined organization will total approximately $100,000,000. Last
the comb'ned business of these two corporations totaled approxmately $154,000,000. Orders on hand, at the end of the year, amounted
the
year
to
$224,000,000
The
when
a
as
compared
International
I.
T,
number
&
of
with $195,000,000 at the end of 1946.
established in 1925
T. acquired the International Western Electric Co. and
factories established from 1882 onward
in Argentina,
Standard
Electric
Corp.
was
Australia, Austria, Belgium, China, France, Great Britain, Italy, Japan
and Norway.
The oldest of these, the Bell Telephone Manufacturing
Co.
of
just six years after
the invention of the
telephone.
With the acquisition of International
Western Electric ar.d the formation of ISE, I. T. & T. was able to
integrate its manufacturing and sales activities on a national and
international scale.
Other manufacturing plants were later acquired
or
created in
Spain,
Denmark; Sweden; Portugal, the Netherlands,
Switzerland, Hungary, Rumania, Czechoslovakia, Brazil and Chile.
V
In
Antwerp,
addition
domestic
the
to
Belgium,
was
in
1882,
providing Federal with the means of coordinating its
with ISE's far-flung activities, the acquisition of
Federal a long established and well-knit export
program
company
formed
gives
investment
of Securities
banking firm
:<..."
and
Commission
Exchange
contract;—V.
the
from
:
has
167,
inquiring
been
1045.
p.
into
Vv'-r-;'
234.944
>
approved
is
30
days.
$3,381,040
173,123
,87,971
1,677,166
1
Cailfornia
contain
United
States
cattle.
and
BALANCE
$2.33
V..
Dec.
Jan. 3,'48
$3,912,269
3,227,211
2,250,475
10,837,545
28,'46
$3,214,430
60
Common
Stock
942,641
11,196,880
shares
—V.
V:
received
167,
—1
Federal, State and other taxes accrued
wages,
salaries,
bonuses',
etc.—
contingencies and invent, valuation
for
automobile
accident
and
other
self-insured
($100 par).;
(par $100)-^
pfd. stock
4V4%
pfd. stock
'Common
——
in
I
'Represented
754
John
by
shares
common
1946.—V.
J.
167,
560,000 shares of no par value.
in 1948, 1,270 in 1946 and 4,000
p.
5,770.073
4,815,732
I>r464,843
tRepresented by
preferred shares
849.
Oilier Engraving Co.—New
&
5,000,000
$28,252,954 $22,975,700
—
President of Sills, Minton &
investment banking firm, has been elected a
D.
250,000
7,500,000
Dr27,943
treasury——
Total
in
$3,336,269
48,875
2,288,984
1,180,610
1 > 750,000
5.963,684
5,883,706
surplus—
tStock
$3,583,299
70,312
2,648,492
1,631,404
750,000
—-—
stock
Earned
Harris,
Director—
Company, Inc., Chicago
director.—V. 167, p. 849.
SEC
&
,
Otis
&
auto
the
Co.
was
Marketing
Frazer
has
of
maker
member.
a
an
investment banking group
;
of
which
Kaiser-
He said
it was written after plant managers and; union.,)feaders
had. agreed
that employees would welcome an explanation
$£ "recent, pvents,"
Mr. Kaiser's letter read in part:..,,; ,,
•
hY
• »;.Vl
' no •«*; >■'>■
"On
the day that the new Kaiser-Frazer stock (was offered to. the
public, Cyrus Eaton about noon informed me that a large portion of
Mr.
Kaiser
made
record Feb.
of
received
1947
March
on
and
15
28.
cents
50
March
on
and
15
while the series "B4"
33
cents
on
Sept.
15.
1045.
p.
Ind.—Files
Kokomo,
Corp.,
Products
March
on
filed
5
14,618 shares of common
Detroit.—V.
166,
a
($1
1789.
p.
with
letter of notification with the
stock. "Underwriter, Alison
R > ^
;>■',<'
par)
Sales Up 1.2%— >•'.
(G. R.) Kinney Co., Inc.—February
/-
-V-
Period End. Feb.—
Retail
—V.
sales
167,
1948—Month—1947 '
•
1948—2 Mos.—1947
<
$1,548,000
$1,566,000
^
-"c,)
Kresge Co.—February Sales 9.4% Higher—
(S. S.)
^
Period End. Feb.—
7
1948—2 Mos.—1947 *
1948—Month—1947
.
>'
$3,168,000
$3,104,000
^
1045.
p.
Ui. $17,930,669 $16,394,150 $34,920,695 $32,106,975
Sales
;
The
in
company
number
as
February.
in
February,
1948. had
1947.—V.
operation,, the
6°4 stores in
167, p. 747.
jR
u*
Kroger Co.—Sales Increased 11.9%—
1947
1948
4 Wks. End. Feb. 21—
•'
$62,029,236 $55,432,677
2,597
2,491
Average number of stores in operation——
—V. 167, p. 652.
7:
'
stockhdiiiei^
The
^'^v":
>
.W
..KV.V
:
r
Feb.
on
25
approved
proposal
a
thfs"'6(jihpany to Laclede-Christy Co.
nam^:,6i!'Qsceola Silica & Firebrick Co.,
to
change
the
of
name
The
sidiary,
wasrecently
-v.
changed
:
Laclede-Christy
to
.tt
>
wholly-owned sub¬
a
Co.
of
Pa.
I
-
,
Laclede-Cjbristy Co.—New Name—
See
Laclede-Christy
Clay
above.
Co.
Products
Offered—Lehman
Fenner & Beane
head a group that is underwriting an; offering of $6,084,000 4V2% 15-year convertible sinking fund debentures
which the company is making to holders of its common
stock at a price of 100% and accrued interest, h
:
'
Laclede Gas Light Co.—Debentures
Merrill
and
Lynch, Pierce,
,
may
publicly offer debentures prior to the ex¬
subscription warrants on March 22, 1948, subject to the
prior subscription
rights
of
warrant
holders
or
otherwise.
Any
offering may also include debentures acquired by the underwriters
through
the exercise of subscription warrants
purchased by them,
or in anticipation of • unsubscribed debentures to be taken up
pursuant
to
the underwriting
agreement.
.
; %
The
underwriters
piration
of
to
the
on March
subscribe for
$6,084,000
debentures, < each
such holder being
entitled to one right for each share of common
stock to be held on that date.
Subscriptions can be made only for
$100 of debentures or multiples thereof, and no subscriptions for" frac¬
tional
parts of $100 will be - accepted.
Subscription warrants are
exercisable upon surrender thereof and payment in full of the sub¬
scription price at the office of Bankers Trust Co., 16 Wall Street,
New York
15, N. Y., or at the office of Boatmen's National Bank
of St. Louis, at or before 3:00 p.m.
(CST) on March 22, 1948, after
TO
OFFERING
holders
8.
of
rights,
its
they
will
debentures
stock
and
be
of
record
at
3:00
p.m.
or
on
before
mailing
(CST)
to
-
March
102V2
at
on
void.
dated
are
Redeemable
thereafter
is
STOCKHOLDERS—Company
common
represented by subscription
warrants,
4V'2%
15-year convertible sinking fund
time
The
1963.
15,
or
March
u
and mature March 15,
March 14, 1952;
IOV/2
1957;
IOOV'2%
thereafter
1948
before
14,
thereafter at 100%, in every
An amount in cash
Sept, l in each of
the years 1953 to 1956, inclusive,/< and $250,000 in each of the years
1957 to 1962, inclusive, at-100% of the principal amdqfjt plus accrued
and
case
on
or
plus
sufficient
-
common stock was later called off and
court action against Otis
Co.
his charges in a letter to K-F .employees.
the
begun
and
holders
in
cents
28
company
for
Co.,
which
Corp.—Charges Coercion to Cancel Sale
of Stock—
r '
/
Henry J. Kaiser charged that Cyrus Eaton, of Otis & Co., attempted
to "coerce"
the corporation into canceling an underwriting contract
Kaiser-Frazer
between
to
3,965,473
v-R-R-V" 1
250,000
losses
334%
15
shares
SEC—
317,983
$23,252,954 $22,975,700
•—
-
and
a
regular
semi-annual distribution of
the Keystone Series "B4" Speculative Bond Fund,
special of 37 cents 011 Sept. 15,
a
Kingston
;
922,322
460,996
6,009,800
—
payable
"SI"
plus
regular semi-annual distri¬
a
share on the Keystone Series "SI" High Grade
49,455
1,230,147
—
per
Fund,
March
series
28 announced
Feb.
on
cents
payable
cents,
281,600
LIABILITIES—
Accrued
com¬
grown
33 cents per share on
2,084,915
22,910
281,600
to customers
dividends
The
company.
of
u.
—.—:
payable
the
of
the largest cattle producers in the
of
Keystone Custodian Funds, Inc.—Distributions^-
Brothers
Preferred
income
net
one
Laclede-Christy Clay Products Co.—Changes Name—
1
Accounts
are
acres
The corporation
SHEET
receivable
—
the
owning
Crops
6,500
bution of
837,081
$467,186
$4.72
•
.
——
of
at the end of 1947 approximately 57,000 head
on
about 20,000 acres of irrigated land
unirrigated land on a crop-sharing basis by
tenant farmers.
Kern County Canal & Water Co., a subsidiary, oper¬
ates an irrigation system in Kern County supplying water to its own
lands and other farmers in the area.—V. 157, p. 899.
'
*
of
"201,480
-
$1,104,333
securities
Inventories
Total
80%
Sales
Cash
advanced
for
over
its subsidiaries is
$1,505,747
<199,354
$5.58
—
COMPARATIVE
Premiums
others
and
pany
in 1890 and owns approximately
Ar'zona^ California, New Mexico and.
located principally in Kern County
oil" and gas. The company leases oil
development and in 1947 oil and gas operations
located in
properties
deposits of
substantial
to
in the hands of the public for
owned by more than 9,400 persons.
incorporated
fee
acres
contributed
V
that it
announced
1
'
1,449,638
-1,536,097
$1,437,780
surplus
Earnings per common share.;
Marketable
in
1,400,000
Oregon,
^
;
$2,839,784
divs
Balance
was
company
lands
March
on
stock has been
This
and is now
years
The
Exchange
for listing 2,000,000 shares of this company's capital
anticipated that' the stock will be admitted to trading
It
within
several
Stock
Francisco
San
stock.
246,887
'■ 1,931,363
1,760,779
1,883,603
2,634,507
pfd. divs;-
divs.
for Purch; of Boncte
Electric Cos-^ids
402,567
100,000
earnings
pfd.
With
of
had
same
Reserve
Corp.—Consoli¬
V:..,,
& Telegraph
:
-
Reserves for
International Telephone
date Its
47,005,820
'
u__—1
State, local and all other Fed. taxes
154,756
<
440,779
Goodwill
International Rys.
Cleveland'
the
;
Kern County Land Co.-—Listing on Exchange—
:
297,927
261,474
taxes on income——- .> 1,977.599
,c
12.8%
11,393,361
600,144
to operations-
valuation
tory
Estimated Fed.
;
'
Mr.
"Chronicle"
Ended
14,593,687
Unexpired insurance, expense supplies, etc.—,—
Land, buildings, machinery, etc
—
in the
Boston Corp.
compan/ is inviting' bids tor the purchase of $5,000,000 first
due 1978. The bends-are to be dated March 1, 1948,
and are to mature March 1, 1978.
■
tXl
'i-Bids will be received by the company 'at Room 2033, No. 2 Rector
St., New York, up tc noon (EST) on March 22.—V. 167, p. 849.
53
Dec. 29,'45
19,193,080
347,574-
found
of
of
..
McCaffrey, together with a
comparative income account and balance sheet will be
remarks
* "
W^s.
Dec. 28,'46
Deposits, contracts, etc
:—.—
Claims for refund of excess profits taxes.:.-
Further
First
<
against
Co.
Securities
both
..
—
accts.
aside
Set
Accounts
total
complaint
Kansas Gas
Retirement
Jewel
__
ASSETS—
7
;
>.
334%
.2
14.7%
65%
revenues.—__$131,204,300 $88,924,667 $64,623,010
Maintenance and repairs
Common
.
109,069,000
Grand
to
matls.,
Products,
w
85,423,000
incomes
and
sa'es
Depreciation
87.2
13,212,000
3.0%
22,065,000
—
and
stock
Report—
for benefit of employees—
or
4Va%
Export: Com(for export)
—
all
To
>
-7'7:<V7-7-
H.
the
of
Jan. 3,'48
Estates
\
Ltd.__„
pany
miscell.
Contribution
.....
To I. H. Company of Can-
;
.
$130,477,490 $88,237,51# $63,364,000
421,1<"2
522,922
1,181.997
:
305,648
164,227
77,013
sales
Wages, salaries and bonuses—.
Net
632,183,000
<
53Wks. End.
Social security taxes——
7
v
•
retaining The
also
was
capacity.
mortgage bonds,
under which the company
first ballot by voting
informed. Ballots were issued
Inc.—Annual
Co.,
*
Total
8.6
41,640,000 "
"
6.234.000
Total
To
16.5
Tea
and
Paid to
17,3
79,354,000 <
•
it
bank¬
investment
However, a statement by the
price or the amount of stock
the
disclose
New York
Co..
&
the offering.
not
Complaint With NASD Against Otis & Co.—
a
The
<• .v.?
7^26,993,0007
5.6:
v 8,529,000
1.8
"
*.. '
'
'v;-; 1,182,000 77772
6,191,000 <
1.3 '
3.4
14,925,000
equip. t,anti
>
'
-
January,
the
with Allen
of
said
K-F
into
go
did
time
withdrawal
the
on
representing 72.5%
166, p. 2420.
holders
revenues—
Retail
Int.
-
24,926,000
baler twine—
Refrigeration
'54,598,000
.
coke
and
by-products
Binder
-
ser-
—
iron
15.9
117,766,000
...
areas.
trust agreement under which Iron Fireman
1928.
Continuance
of the
agreement was
since
stockholders.—V.
Farm tractors and service
parts
v.
,
during
agreement
approved
was
Wholesale and other sales___
35.9%
83,682,000
trust
voting
1958
Period—
and
-,—
black"
the
into
■
the following:.
had
12
corner
corporation has filed with the National Association
The
the
to
manager
advisory
Otis-&
of
need
offered.
an
The
.
173,038,000
seven
are
the voting
on
by
these,
of
One
year.
housing the factory retail branch
company-owned
factory
retail
Chicago,
metropolitan
in
managed
Jewel
w
$
*'
**"•
*
276,918,000
________
imp'ements
service
been
approved
% of
$
trucks, service and
service
in
there-
until
last November
Total
1946
Total
.
is
the
of
operate
last
the
replace a leased plant and enlarge
where a retail branch is maintained as
Canida,
trust certificate holders, the meeting was
7';/'.
% of
1947,
other
in
operation
into
constructed to
was.
operating
Extension
will
comparison of 1947 and
"
-
'
were
the largest in the company's history,
helped by special income from recovery*of a
add tional: costs-arising out of war which,
Toronto,
Currently
Srles and
regular
prothe
United
in
the
"turned
etockholders
as
that
The
for
and. put
at
The
there.
;
States:
in
.
this procedure. On the basis of- 359,910r shares
the company's actual net book value is $17.79
of the company is $6,403,958, it was reported;
Fireman's expansion policy, two new plants were
Iron
with
branches
<
Sales
reaching
1946,
over
now
and three
'U.S
a
total of
V-R./.<■?
worth
factory,
new
well.
larger funds must come from
a
line
facilities
retained for use in the business."
following table gives
-jR
,
has
company
1947
were
Net
constructed
and that a
and equipment,
tools
for
as
are
share.
In
capital.
substantial part of these
the
H.
per
"Furthermore," he said, "it
reasonably certain that larger sums Will be needed
future to replace our older plants and other prop¬
in the
for
reverse
a
per
dividend
substantially through
of stock
outstanding,
Co.—President Stresses Need
example the fact that to carry the same quantities in in¬
ventory at the end of 1947 as at the end of 1946 required
seems
be
to
t on.
Caffrey, President, in the company's annual report, noted
that the period of price inflation through which the
country is passing has greatly increased the need to re¬
tain net income for use in the business.
He cited as an
more
revealed.
was
these
of
and d'rectors, held
share, payable quarterly,
trustees
$1.20
this
Banfield, President, pointed but, should .be taken into considera-..
As in previous years, the company's policy of retaining a sub¬
stantial part of the net profits in the company to finance the growing
enterprise was continued, the net worth of the company having grown
T.
to Retain Net Income for Use in Business—John L.
$18,000,000
it
voting
<
of
With
'JV.increased 11.2%
1947
pro.its
although
portion
727,364
.
International Harvester
hold
The
^
dividends..
$12,810,541,
-
209,788
9,312
199,612
its
at
Dealers
>
v
consecutive quarterly cash dividends
d 56
pa
of
dividend
1948.
for
and
:
,
meeting
annual
an
declared
declared
1945..'..
$2,495,963
1946
.
$2,099,503
460,724
$2,279,130
290,242
454.683
income—
oper.
167,
1947 7
1948
$2,800,658
annual
the
At.
special
"
'
railway——
Net from railway——
firm
Co.i-rEarnings, Iltc.---Trust Agree-?
Fireman Mfg.
Sales
from
Pa.—Files with SEC—
March 8 filed a letter of
shares of common stock (par
would
houses
Financing Now—
Journal" March
Street
not
firm,
ing
—
on
Extended—
recently,
167, p. 746.
January—
1947
28,
Feb.
$28.07
and
1948,
investment
the
the same day
market for new money at once,
Joseph W.
Frazer,
President, said.
Financing will be accomplished
when the market is more favorable, he said.
• rj •
The company announced on Feb.
19 that common stock would be
does
and
Files
company
Iron
$68,168
$398,764 V
International Great Northern RR.—Earnings—
Gross
31,
Jan.
on
"Wall
Kaiser-Frazer
746.
p.
ment
41,537
—
com¬
owned
$24.81
that
and
sold
been
later sale,
6, o'clock
Does Not Need New
The
The
3,396
42,127
defic't
date,
1948, based upon the balance sheet on that
adjusted to mark?t prices, was $23.64,
29,
Feb.
outstand¬
company,
notification with the
for 200,000
$1), to be offered at
Underwriter, Sterling < Graham Co., Pittsburgh.1 ;3 77 % 7:77 ;<
was
F- Net
Calif.
j
offered
share of this
common
per
I-Odoral, Inc., Wilkinsburg,
*$23,235
charges—--^—————
value
asset
at
The
5,669
*$353 387
——
income
Miscell/
Total
operat'ng
"
'
at
*$28,904
*$359,160
Income
-
Sales1947
$3,158,735
1948
$3,803,983
V
.<\
——————
with
167,
par.
Other
;7*
February—
securities
pared
$206,218
114,840
120,262
•
/
,
Department Stores, Inc.—February
Value Lower—
net
as
with
1947
$1,760,141
1,553,923
268,146
railway operations———_
accrua's
and jo nt facility
Equipment
—
expenses
from
revenue
Railway
1
revenues-
T. who has
Vice-Presi¬
<'
777:,:7.
Investment Co. of America, Los Angeles,
(The)
The
1948
$1,839,887
1,815,227
942.
p.
—
—Asset
Month of January—
167,
Registration Statement Withdrawn—
,
'
*,
v: The registration statement
(No. 72C2) covering. $5,000,000 sinking
fund debenture, was withdrawn Jan. 23 last.—V. 167, p. 746. ,7 7';:
942.
p.
of
Sales
Invites Bids—
The company is
ISE.—V.
of
Interstate
5,736
.,,.$472,761
income
dent
Crl38,45o
9,062
880,581
Miscellaneous deductions
.Mark A. Sunstrom, a Vice-Pres'dent of I. T. &
the System since 1926, will serve as Executive
with
been
had
confident the stock would be worth $25 a share.
Mr, Eaton camo to my office and
bluntly stated he did not intend to carry oat his contract. We told
him we could not legally let him run out on his bargain.
He declared
we were making a great mistake in refusing to relieve him of his obli¬
gation/. Mr. Eaton then tried to coerce us into canceling the contract
by making a number of threats against Kaiser-Frazer.
We refused
to be intimidated.
Since then it appears that Mr. Eaton has been try¬
ing to carry out some of these threats.
= ..
"A day or two later a lawyer who previously had represented OtisEaton interests filed a stockholder's suit which was used by Otis & Co.
as an excuse for not going through with the contract."Yet
Pres'dent of ISE and an I. T. & T. director, will
serve
as
Pres dent of Federal, and Admiral Ellery W. Stone,
USNR,
a
Vice-President of I. T. & T., and former Chief Commissioner of the
Allied
Control
Commission
in
Italy, will serve as Executive ViceCaldwell,
Fres dent.
stock
rest for
the
.
T.
Fred
$1,964,659
Cr132.301
railway operating
the
locations throughout
273
In
.
$3,565,985 $4,708,314
2,125,935, 2,391,123
209,947 .
352,532
Net revenue from railway operations
Railway tax accruals
.Equipment and joint facility rents (net Dr)____
Net
:
branches
With
organization
import
world.
the
1948
1947
$20,772,985 $19,487,847
,17,207,000 114,779,533
*i
January—
operating revenues
and
/
RR.—Earnings—,
Monday, March 15, 1948
CHRONICLE
FINANCIAL
&
interest.in
March
before
14,
1962;
and
interest, as a sinking fund.
retire $625,000 of
debentures on
accrued
to
every
case
: ;
'is.'provided. r
vfill'-fit)ply for listing
jSitock Exchange^ ?
ptiRpOSE—The net; proce.Wsi, ($5,791,200)
/LISTING—Comparijr
New
the
York
payment in
full of
the
company's
of
•
the debentures on the
,.<,<<
are to be applied toward
outstanding 3 Vz % instalment
Volume 167
notes
requiring
will
pose
be
bank
new
Number 4681
$6,558,321.
supplied
THE
Additional
from
the
funds
proceeds
of
required
loans
for
this
obtained
pur¬
under
the
r
agreement,
tion.
Acquisition of the
expenditures
the
for
additions
amounts
taken
to
of
approximately
the
the
company's
under
the
required
as
to be available
in
will
be
required
which will be expended
distribution system.
Additional
gas
ail
of
agreement
will
be
such
construction
and
all
of
the
the
Life
$6,500,000
Insurance
Commerce
Valley
(M. II.)
*
National
of
&
St.
Bank
Co,', Home Life
National Bank in
Trust
St.
Louis
and
issued
were
to
Mutual
Trust.-Co.,
Mercantile-..
Co., Mississippi
Louis,, The Boatmen's
Insurance
St.
Manufacturers
Bank
&
Trust
-
Co.
proceeds
the
of
(a)
to
the
outstanding
the
retirement
dated
the
extent
March
of
1,
$6,500,000
$3,500,000
stock
of
of
The
in
notes
the purchase
Louis
or
<
instalment
of.
St.
$3,000,000
Gas
3%%
company's
28,
1947,
and
Co.
(b)
serial
EFFECT
.-
Gross
debentures,'
due
41/2%
15-year
due
.
15,
1965—____
1, Ijoo—Jw™
♦Amount
but
Upon
%
limited
not
is
subject
by
$6,034,000
from
,
.
to'
mortgage
restrictions
and deed ,of
trust
9,251
$550,187
$492,363
$2,224,097
$1,703,770
207,316
185,591
808,389
642,773
2,904
2,632
11,111
10,927
$339,967
$304,140
$1,404,597
$1,050,070
8,267
8,267
33,068
$331,700
$295,873
$1,371,530
_____
.
.;
Dividend
'.
1948
-V.
income
1456.
■
stock,
common-
19.
surpl.
Central
of
1948
;—
Operating
expenses
i
Equipment rents
Joint
$200,526
$240,343
Net
88.C40
31,647
57,764
71.620
Other
17,640
of
^
:—
166,. p.
1581..
railway operating
income
Stores
30,31
$156,009
50 cents
share
per
the
on
_.—
$168,687
—
12,4*7
$171,2?'
103,836
made
,
Jan.
on
paid
were
2,
while
July
l,
;
..
last,
—V.
in
and
1
''.,,
;
167, p. 548.
'The
•
;
company-has
from
Corp.-r-Fehruary Sales 17.7% Higher^—
to
the
1947
$6,47j,4J1
'
issue
financing
•
John Hancock
to
applied
to
$1,500,000
the
Maine
Privately—
Commission
debentures.
provide
for
funds
Arrangements have
-
Mutual
U;
P.
4V<% .15-year
.would
indebtedness.
current
1948
1__
$66,0-')
Maine Public Service Co.—To Sell Debs.
-
April
on
105, r
$64,851
income
Net
'*
$158,7
12,678
income
mission
Lcrner
58,?1 '
30,276
income
Gross
k'J,-
A
153,7-7
16,794
was
each
'
1,550,76 '
1945
payable April 1 to holdfers of record
par $3
cents
25
$1,951,9
1,843,333
205,020
43,479
._
(Dr)_
1947
$2,278,123
_____—
(Dr)__
facility rents
$277,389
$1,017,003
RR.—Earnings—
January—
revenues
v
similar distribution
A
1,—V.
^
&
2420.
Operating
1946
dividend of
a
33,06;
com¬
"
Month
v"
*
Maine
.
for
stock
166, p.
1947
$253,523
" 30,923
pfd.' stock
on
$1,694,519
$403,474
Rentals, interest, etc.———
dividends
'
therein.
20,781
Electric Co.—To Pay 50-Cent Common Div.—
Oct.
2,433,620 shs.
contained
2,650
3,038
'
income
.
annum.—V.'165, p.
.
1947
t
'
t7il33,620 shs.
.
per
directors have declared
March
6,084,000
'
4,UOO,UOO
the
3%%
••railway^railway..:.
outstanding
debs,
par)i_____^^i;_j._^
is
of
from
The
6,500,000
1j53_X-
$2,203,316
_
income
mon
V -Month of February—
of
the proposed financing and retirement
of
—•
'——
notes, sinking-fund requirements as to the first'1.*' Sales
—V.. 167, p. 747.
$6,500,000 3Vz'/« series due Dec. t, 1965, will amount
bonds,
Life Insurance
been
made
Co.—V.
$5,50o,434
to
166,
for
The
expansion
per¬
proceed
and
sell
reti'
the
'
issu:
2662.
p.
.
in
annum
thereafter
annum
Net
•
instalment
$150,000 per
per
fund
15,
$19,000,000
.
$489,713
—
deductions
Net
consummation
3%%
mortgage
.to
($4
further• issuance
the
,
March
issuable
V $466,291
Outstanding
/>.'
■
1963---————
due
notes
Common stock
1
Authorized
1,
sink,
conv.
March
3 Vt %'.
rate
,: Leland
Feb.
3'Viseries due Dec.
•'
'
■
1948—2 MoS.—0947
$194,470
•
ry.-oper. income___
♦ 12,514
•Deficit.—V.
167, p., 652.
FINANCING
bonds:
series
,
1948—Month—1947
$223,519
,
January—
Net
PRESENT
$547,149
Federal income taxes—
Other
,
1947—12 Mos.—1946
of
equipment
income
Total
1947—3 Mos.—1946
lease
and
Other
Lamston, Inc.—Feb. Sales Increased 14.9%—
Net
TO
:
.
mortgage
,
from
road
Lehigh & Hudson River Ry. —Earnings—
;
of
for
...
GIVING
the
'
3 Vi %.
167,
13
Mahoning: Coal RR.—EarningsPeriod End. Dec. 31-
Income
utilized
were
on-Feb.
County
1945.
CAPITALIZATION
1st
St.
si; The Camden Trust Co.,* trustee, Camden. N. J.,> will,
up
to and
including April 9,' 1948, receive tenders for the sale to it of outstand¬
ing mortgage • bonds dated Jan. 1, 1937, to an amount suflicicnt to
exhaust the sum of
$142,280, at prices not to exceed par and interest
/at
Louis.
The
.
.
(1153)
redemp¬
'.', ''' '.
including
were
applied
to
the
redemption
outstanding 3'/a %
serial debentures,
p. 849..
•.
v
/
.;
.
First
of
of
.
___________
3l/2%
instalment notes
of
Nev/ York,
Bankers
Co.
Bank
date
Lippincott Co.—Tenders—
of
Trust .Co.,
,
the
notes
then
1, -1945. —V.
will have to be otherwise provided for.v"eri°3 **hCL -February
Sales
employ.) earnings, and
depreciation
and
—V. 167, 747.
completing, this program and has no present
plans for additional financing in case cash derived from
operations
should prove insufficient for the
Leeds &
foregoing purposes.
The
1
■
of
to
CHRONICLE
first
instalment
in
accruals
1
•.
its
company's
March
program,
up to $12,000,000
The
company
intends
to
amortization
■
properties
redemption of
of
of
dated
of
$3,500,000 of new money
result of the proposed financing
the company as a
to
cost
proceeds,
credit
with
maximum
a
of
bank
new
connection
Since
program.
•
$12,500,000
substantially
years,
available
down
conversion;
is
five
next
FINANCIAL
Louis County Gas Co.
mortgage bonds, as aforesaid, was
financed by the. issuance of
$6,500,000 of company's first mortgage
bonds; $3,500,000 of the proceeds of $6,500,000 of instalment notes
and $2,942,781 of its
general funds.
The remaining $3,000,000 of the
,
,
&
including accrued interest
„„
credit
Company expects to convert its customers' facilities to the use
straight 'natural gas in 1949 and 1950, such conversion to cost
approximately
$3,000,000.
In
addition,
it
is
estimated
that
the
over
of $1,583,235,
pany
of
capital
COMMERCIAL
to
the
and
; bonds,
1952-1956, inclusive, and $650,000
including 1964.
As to the first mortgage
-
.
Marion
years
Lever Brothers
$19,000,000 3'/2%
series
due
Feb.
1, 1965, sinking fund re:quirements amount to, beginning with 1957,
1%
of
the
maximum
outstanding principal amount thereof annually which!
however, may
be satisfied
by property additions to the extent of 60% of the cost
, or .fair
value thereof, whichever is less.
<
/•'['.■
£
£V
Charles
Luckman,
has
company
'*>
<
Luxor
000
the
of
President,
purchased
cosmetic
Sale
-
Co.—Purchases Luxor Cosmetic
the
business
from
annually,
11,
announced
trademark
Armour
business, which
Net
March
on
Luxor
&
the
Co.
that
Net
goodwill
of
income
No.
this
of.
Shovel
Co.—Earnings,1947
*
sales
1946
$19,880,380
after
charges
and taxes
$1,500,000
253,815
129,456
253.815
$3.55
shares
common
tEarnings
and
$0.15
$2,000,-
becomes- effective "July • 1,
1948,
alter
which
Lever
tSimultaneously with the sale of the unsubscribed debentures and
Brothers Co. will market such Luxor items
and at such prices as-it
as. a
condition of such
sale,
the company
will
enter
into
a
new <v., will
then determine.
bank credit
agreement
which
will
permit borrowings
thereunder of
Mr. Luckman stated that
the Luxor business will be carried on
up
to $4,000,000
at any
one
time outstanding, such borrowings tj •
by
'.the Pepsodent Division of
be made not later than Dec.
Lever Brotheis Co; in Chicago'which al31, 1950, and to be evidenced by 3,'/*%
ready distributes Lever toiletries to
notes due March 15, 1953.
drug, syndicate and department
Such notes are prepayable at any time
t; stores..';
•at
the option of the
^
company.
No prepayments are required under
>
Pepsodent's expansion into the cosmetic business
sych bank
credit
marks the second
agreement
prior to March
15,
1953,
if on May
,i entry of Lever Brothers Co.
into the cosmetic field.
1, 1951, outstanding indebtedness thereunder does not exceed
In July of 1947,
$2,000,000.
Lever
Brothers
If the indebtedness thereunder on
purchased
Harriet
Hubbard' Ayer,
Inc., which now
May 1, 1951, exceeds such amount,
: operates
as a separate
prepayment
of
subsidiary of the company.
15%
of the
greatest
amount
of
such
indebtedness
Under provisions of the
theretofore
sale, Armour has agreed to give the trade
outstanding shall be then payable and a further
pre¬
; the
opportunity of returning any Luxor stock on hand in
payment of 40%
of such
amount
shall be payable on
exchange
May 1, 1952,
for Stork products which
if
will continue
the indebtedness exceeds
to
be marketed by Armour
$2,000,000 on that date; provided, how¬
Toiletries.
Announcement of details of this
ever, that the prepayment on May 1, 1951, will be required only if
exchange will go forth
to the trade April 1.—V.
first mortgage bonds then
166, p. 1685.
: ."V
pledged as collateral amount to less than
100% of outstanding indebtedness on such date and
the prepayment
on
May 1, 1952, only if such collateral amounts to less than
120%
providing $250,000
for
inventory
prices
and
tingencies., t Without giving consideration to arrearages
.
.
284,39:
95.18
$1.04
♦After
•
.
share—
common
per
1945
$9,415,986 Not stated
♦993,438
)
-
between
grosses
and
Power
Calendar Years
Line
ferred
...
stock.
'
•
other
in
con¬
the
pre¬
V
•
NOTE—The
•
balance
sheet
of
as
.
assets of
.
,
at
outstanding indebtedness
agreement
;minor
such
remains
exceptions,
agreement
other
debt
thereof
bank
in
effect
not
to
to
arc
be
the
In
to
While
sale
of
case
of
of
the
bank
new
pledged
the
credit
under
the
shall
company
^Including
(not later
than
mortgage
less
Dec. 31,
determine.
973,440
debentures
HISTORY
Company
purchase,
AND
is
sale
Prior
;
the
County
■
and
and
to
the
public
It
acquired
and
the
company
has
the
City of St.
of
of
1965)
per
5%
the
as
>•'' V.-7
;;
in
Missouri,
and
operated
of
St.
in St.--Louis
7 V\
JanuaryGross
now
months
operated
ended
by
Sept.,
the
30,
customers
approximately
heating 22%, commercial
Of
the
industrial
who
gas
The
company
derived
from
follows: domestic
as
14%
customers,
accounted
for
Net
industrial
,
102
to
County
<
the
industrial
company
permitted
as
which
of
the
the
located
users
UNDERWRITERS—The
percentage
and
under
within
and
its
of
names
contract
the
territory
several
the
Bids
N:
space
"tr
'
Brothers
Lynch,
'
Feliner & Beane_T__„_ 13.84
Ames, Emerich & Co., Inc.
.83
Baker, Weeks & Harden—"' -1.64
JJBarth
&
Hentz &
Co.—
Brothers
Hirsch
Richard
W.
Clarke Corp._
Clayton Securities Corp.
Gross
Co^.
.83
&
Dempsey-Tegeler
Co.—
,
ry.
—v.
Granbery,
Hayden,
Henry
1.64
1.64
&
stock
in
1.64
the
cost
order
were
pany
and
of
of
cost
$4,189,419.
pany
This
is
and
St.
utility
by
by
North
upon
..County
4.93
1.64
a
plant
amortized
P.
and
American
at
Co.
1
.1.
of
•
.
were
1947
St.,
New
*
943.
p.
be
York,
'
■'
the
all
of
its
3.087.73G
all
of
to
Mr.
Corp.
6 914 715
2,141,630
2,168,729
Co.—Expands Holdings—
of
1947,
of
outstanding
$11,298,978.
the
of
acquisition
books
of
the
the
at1
first
a
„
the
Kale,
are
other
newly
elected
officers
.v
the
to
11
on
March 9
the
prod¬
y. toY
"iJ."
-if.'
would
Great
•
The
scope of
to
is
made
accurately
the magazine.—V.
'
,
$1.25
the
name
Distribution,"
because
either
167,
in
the
the
of
5
will
rank
of
of
52,800
preferred
of
his
7%
shares
of
securities
amount
to
167,
p.
748.
McPhail
The
on
1
"The
of
rank
continued,
of
"will
dividends
recbtd
stock
on
titi-ift
1
nn
a
Dec
;
$1.25
to
plan,
clear
cash
He
offered
added
:m\
present
to
the
js
.feiv?
.cui
p.
5%
Elmer
common
the
on
pre-
preferred
G.
Diefen¬
stockholders
offer
an
exchange
in
on
in
cash.
exchange,
that
dividend
volume
for
way
the
ap¬
will
be
voluntary
a
The
Mr.
offer
total
be
and
business,"
made
to"
within
the
'
•
of
continu¬
Diefenbach
the
payment
future."—
foreseeable
Y
if, in it
a
Mr.
consideration
"
1
•
par
Diefenbach
will
arrearages,
of
the
stock
common
t
vaiuei
par
stock
convertible
contingent upon its acceptance
although the directors may declare,
The
SEC
company on
March 8 filed
for 37,790 shares of common
to
purchase
Merchants
V
"
:
like
a
letter
a
($1
number
of
par)
Acceptance
notification
and
shares
of
at
Corp.
12,000
$6
Proceeds
p.
with
thr
warrants
share.
per
for
Under¬
will
be
used
3146.
Unexchanged Stock
Offered—,
As
of
result
a
the
of
the
class
new
exchange
for
A
common
with
common
stock
subject
the
offer
stock
number
16,985. shares
stock
together
exchanpe
common
equal
an
remaining
(V.
43,383
exchange
shares
167,
p.
the company
shares of its
the
of
the
to
31,617
of
of
not
are
be
shares
issued
class
of
which
to
26,398
to
old
shares
offer,
subject
850),
A
expired
ir
stock.
class
new
Feb.
/
24.
the
exchange offer,
were purchased by
the underwriter, G. H. Walker & Co., and
publicly
offered at $13.75 per share plus dividends (at rate
of 25c. per share
from Jan. 1, 1948, to the date of delivery).
The company has been
advised by the underwriter that the number of shares
of new class A
sold
underwriter during the period
shares. See also V. 167, p. 850.
the
by
27,600
was
Metropolitan Life Insurance
F.
Co.,
of
the
Co.—New
ex¬
Johnston
Frisco
p.
Director—
Johnston, President of the Mercantile-Commerce
St. Louis, Mo., has been elected a director.
Co..
is
also
the
Railroad
on
the
American
and
boards
A.itomobile
other
several
of
the
&
American
Fire
business
__
Bank
Automobile
Insurance
Co.,
the
organizations.—V.
163,
1431-.
Middle
the
_
30;*19^7^v:!Vl67;
t,.u.
preferred
stock
preferred
the
the
upon
pre-
Markley Corp. (Conn.)—Files with SEC—
.
^Torr-Vi
a
7%
new
prefer reds,
to
a
($26
of
the
approve
authorize
$3,040,419
centsper share
declared a dividend of 15 c
Ye^tilar11 quarterly dividend of 13% cents
March
•Stock 'oil Dec.;
j.n
March.
'stqck Ynd
on
common
ir-Kh«r<»
per share
.
.
to
to
common
share
the
new
shareholder
thereof,
the
254.
p.
Gale
1947
$3,140,382
will
cumulative
present
of
junior
that 1 if
preferred
90%
ation of the company's
167,
plant
upon the acceptance by a lesser
percentage,
circumstances warrant.
the
removal
or
Candy Corp.—15-Cent Common Dividend
directors
the
;
:
:
_____——.—-——
the
completed during
asked
»into
each
preferred,' plus $8
and
$212.
the
of
holders
Insurance
1948
of
preferred stock, including d'vidend arrear
5%
($25
par
value)
preferred
and
four
convertible
discretion,
Trust
Co.—February Sales Incr. 3.29%—
foundry
requirements from
value)
the
shares
for
the plan effective
/
plant
steel
asked
be
be
par
to
convertible
these
four
the
holders
the
structural
The
of
1046.
p.
in
now being changed
stripping shovels and
"Mill
served
its
will be
will
($25
Jun'or
common
$1,25
of
of
"said, will
effective
term
field
25%
) '
draglines.
nart
and
space
5%
preferred will
7%
share
change offer
change
"Industrial
change
describes
;
.
a
by
fabricated
close
large
this
April
of
stock
shares
creation
for
The
.
1
announced
Supplies,"
issue.
longer
no
McLellan Stores
—V.
of
td 'the Yom-
of
of
They
on
shares
issue
new
each
ages
value
.
bromine
Richard
March
on
"Mill
May
editorial
Sales
by
mortgage bonds
cost
assembly
reconversion
stockholders
preferred
each
Great
of
of
1947
■;
to
year
writer, Coburn & Middlebrook, Hartford, Conn.
to finance work and
discharge debts.—«V. 164,
both companies/Great Lakes Chemi¬
control of the Rajax Corp., manufac¬
acquired
Month of February—
com¬
^ojn-
and
feet of assembly
which
two
basis
holders
-
a
controlling interest in
City, Mich., manufacturer
according to announcement
t-
publication,
the
liabilities
last
two
/
E.; Bishop, Chairman of the Board;
Vice-President, and Siegel W. Judd, * Secretary
167, p. 435.
' ■'
:
' '-xr. r
.' : :.
-■ '.n't •
Pardee,
company
with
28.
of
walking
recapitalization
the
3,748,335
1,553,233
of
his¬
Shovel
space.
letter outl'n'ng the
Chairman, emphasized
V.
1946
and
Treasurer.—V.
Supplies",
its
.
red&med
B.
2.46
Feb.
advisable
the
made
r
:
McGraw-Hill Publications Co:,
Inc.^phanges Name: of
The
.83
of
floor
the
1945
$15,725,023 $14,459,915 $18,372,427
One of Its Publications—
.83
by ,pf;ficials of, thq
[
In
Mr.
date
on
1
Co.
•
167,
will
synthetic food flavors, as well as other
the baking and
candy industries, Mr; Hale stated,
1.64
:
CO.—On
payment
the
natural
3.29
Co
Co., Inc._
assumed
bargaining
acquisition,
Gas
;
1,226,373
President of
!'.
-
over t a
25-year period pursuant to an
Commission... The terms of1
acquisition
S.
15.—V.
bonds
,,
Co.—
&
Oil
Hale,
addition
.ff."
9.85
so
segregated
arms-length
such
and
cash
plant
was
March
Rector
2
.'O;*£";'Vv
concurrently
for
Wallace
acquired
plus expenses of
the
acquisition
exceeded
the
depreciated
such
mortgage
No.
747.
p.
Lakes Chemical
2.05
Gardner——
Brothers
purchase
of
utility
amount
Missouri
the
Louis
to
such
being
the
determined
Immediately
of
the
attributable
company
original
of
&
M. Simon &
COUNTY GAS
'
The
;__
Co.
—
Stroud &
assets
Co.,
on
company
has acquired
Chemical Corp. of Filer
its derivatives from brine,
In
r.
Scherck, Richter Co.—
I.
consideration
income—\
oper.
167,
ucts
1.64
Stern
acquired
County Gas
Louis
capital
Kidder & Co
manufacturing
of
recapitalization.
a
The
shares
first
2033,
railway____ $17,110,571
railway_/__/_
2.540.274
cal. Corp.
turers of
1.64
4.93
LOUIS
(EST)
1948
McClanahan
.83
2.46
company
St.
—
M.
Co.
Co.—
a.m.
This
1.23
Co.—__
&
ACQUISITION OF ST.
the
Co.—
Jones
Piper, Jaffray & Hopwood
Prescott, Hawley, Shepard
& Co., Inc.—:
&
Msrache
Stone &
Herrman
&
D.
Reinholdt
Co._
&
Brokaw
Room
Lakes
3.29
Curtis
Lesser' -,—^——i
$10,000,800
at
11:30
by Charles S.
3.29
'
Mullaney, Ross & Co.—^
Paine, Webber, Jackson &
3.29
Friedman,
of
company
from
Net
and
1.64
.
Co
&
Fair well,. Chapman
;
—
Higginson Corp
Metropolitan St. Louis
.83
Edwards & Sons—
G.
Co
Lee
3.29
Robertson
Pancoast
A.
&
.83
—i___
Dewar,
&
it
.
from
——1.64
&
A.
.83
Cohu
Light Co.- -Bids for Purchase of
purchase
the
to
up
Net
,
Edward
1.G4
.
Y.;
the
by
.January—
the
Johnston, Lemon
feet
The
52,800
stock
and
of
the
manufacture
-
by
.
those
in
Diefenbach.
Power
r''YY-V,--
„•
bach,
^47,576
iy Louisville & Nashville RR.—Earnings—
1.64%
Hornblower & Weeks..—
1.64
Co
&
its
G,
Marion
stock.
465,583
of
i
•>:
H.
Hill
Kraus
'
Electric output of this company fcr the
week; ended March 6. 1948,
35,127,000 kwh„ as compared with 33,664,000 kwh.
for
the
corresponding week last year, an increase of 4.3%.—V.
167, p. 1046.
Percentage
13.84%
Pierce,
&
Power
totaled
•
Ball',' Burge
374 209
♦SlS.OSl
'
Percentage
Lehman
Merrill
15,461
♦794,068
..
♦1,133,964
653.
p.
its
and
of
by
amount of the unsubscribed debentures
respectively have
agreed
to-purchase' are
underwriters
167,
end
year
amount
Voluntary Recapitalization Plan—
issue
ferred.
$3,286,091
■
exceed
with
largest
Elmer
plan of buying all steel casting
That port-'on of the main plant is
a
common
of
bas.'s
Louisville Gas & Electric Co.
(Ky.)—Weekly Output—
~
served
underwriters
$3,335,567
any
of
quarter.
plan
: ferred
..
for
received
of
company.
found
square
new
-
exDnnd
square
fabrication
new
1945
Bonds—
jniscelianeous l,%.
Straight natural
with
82.000
second
Offers
12
in
to
equipment..
•The
.
or
the
♦272.242
opor.
Louisiana
>
principal
follows:
as
52%7nousq
10%
purchasers
railway
income—/
the
add
stock
1946
'
$3,269,123
prop¬
$14,664,478 for the
the ' tia^ious, classes
for
the
_•
1947
should
hhh:,'-
;;
at
compared
compared
the
was
arise,
shipments
prove
designed
to
supply
publierii'sMi^si.^sippi River
Corp. makes direct sales of natural gas from its
pipeline facilities
certain
from
ry.
/
8%
of
total '"'revenue.
only
gas
distribution,. system
the general
the
territory
Fuel
;
were
The
of
1948
complete
company
s'milar
Louis
the
for
cumulative
y
railway-—$3,732,401
♦Deficit.—V.
approximately
operates
company
were
1947,
of
revenues
1948
from
Net
as
operating
preferred stock.
interruptions
1
110,000
inaugurate
over
Long Island RR.—Earnings—
other
merchandises
property
and
stock
v V r'■
operations were conducted
St. Louis, Mo.
On that
and
taken
was
units
proceeds will- be used to
retire outstanding
6%
convertible
preferred stock and finance new equipment and
enlargement of plant.
residential,
coke
and
convertible
in
1947
company's books
volume
$5,929,979
$6,310,545
company in December last leased a former Government-owned
plant in Cambridge, Ohio, from the Community Industrial Associ¬
(a civic non-profit organization)
w'th option to purchase.
This
step
alphabetical
The
manufacture,
for
gas
products
*•'
volume.
comprises
offered at $20.50 per share.
the
on
the
were
totaled
ation
Stai;
cumulative
was
of
capital
The
war
»
alphabetical
near
liabilities
Leases Government-owned Plant in Ohio—
Brewing Co., San Antonio, Texas—Stock
Co., San Antonio, Texas, recently of¬
fered (to residents of Texas
only) 30,000 shares (par $20)
presently constituted, serves an area of
approxi¬
mately 126 square miles, with a population of
approximately 1,252,000.
At
Sept. 30, 1947, the company served 291,36.)
customers, of which
254,581 were domestic, 23,671 house and
space heating,
11,112 com¬
mercial and 2,005 industrial.
Total
erties
exact
as
doliar
Offered—Russ &
bonds
conversion
the
sells
.gas,
Louis.
-
in
always
are
Current
unforeseen
said,
Company
and
of
business
subsequently
in
also
y
.
companies
orders
Unless
.
Chairman
alwaya
not
1946.
outs'de sunpliers.
Lone
«
7-77 7 >7
engaged
manufacture
the
incorporated
was
purposes.
the
for
■'
utility
distribution
from
Co.
in
as
The
gas
industrial
company
Gas
well
as
'
price.
to Feb. 23, 1947, the company's
within the city limits of the City
entirely
date
initially
BUSINESS—Company
derived
appliances.
gas
basic
operating
an
commercial
residuals-
the
at
arrange
it
unfilled
tory.:
new
>33A%
r\
shares .reserved
to
However* they
as
possible.
it
reasona
of
company's backlog at-the close of
The
borrowings
borrowings under
$1,300,000 during 1948.
agreement provides that first
shall
bear
such
interest
(not
have such maturities
i
position
mechanical
of
outstanding
any
•
(
order
to
mortgage bonds or
such sale,
the proceeds
credit
thereunder
and
annum I
the
possible
certain
to
pursuant
or both.
The company expects
that
bank credit agreement will not exceed
new
The
than
e
NOTE—For
*
credit
first
thereunder,
'
bank
new
subject
agrees,
of
any
reduction
prepayments
the
otherwi
money
the
the
applied
agreement,
date.
company
borrow
through
except
securities.
credit
that
on
The
last, shows total curren
total current assets of $7,384,040
$12,240,530, compared with
close
$2,288,220. • Working
$5,095,819 in 1946.
i
•
of
the
with
31
Dec.
holders
common
preferred
West
Corp,
Seeks
—
Permission
to
Acquire
Stock of Canadian Company—
The
corporation
330,740
shares
of
Jras
asked
common
the
stock
Canada,
of
Ltd., in exchange for its
6,600 shares of $7 cumulative
392,010
poses
to
to
shares :(no
reclassify
common
stock
par)
common
SEC
of
167,
West
to
acquire
Utilities
Co.
of
holdings in that company
preference stock' ($100 par),, and
stork.
p.
permission
Middle
present
its authorized capital
only.—V.
for
850.
The .Canadian
from
preferred
••
.
company pro¬
and common
'
—4 Wks. End. Feb. 28—
1-948
Period—
:ales
$917,000'
——
-V.
167,
1947
-
—
$1,838,000
$1,754,000
" $826,000
Sales—x.—
1-947
1948
.
The
255.
p.
in
company
February,
Operating
'.
.
Minneapolis & St. Louis Ry.—Earnings—
v-«''t. ••
Gross
railway
from
Net
ry.
—V.
251,772
railway
from
Net
167,
303,247127,391
.
91,064
income___
oper.
Roebuck Portland
$1,252,122
293,287
132,277
$1,225,521
201,342
63,835
$1,372,238
See
Roebuck &
Sears,
below —V.
Co.
Operating
167,
1047.
p;
Net,
.,
Net
Home
See
Co.—Large Contract
Mfg.
&
—
Insurance
above.—V.
Co.
ever made was an¬
contracted to deliver
2,500.000 feet of Scotch sound tapo to the American Broadcasting Co.
The
latter will use tape
equipment exclusively for the entire net¬
work, making the change over from acetate disc machines April 25,
when daylight saving goes into effect.—V. 167", p. 255.
largest sale of magnetic recording tape
on March 1 by this comoany which has
The
stockholders
The
nounced
165,
131*8.
p.
the
on
— Common
Stock Of¬
headed an underwriting
group which offered to the public March 11 a new issue
of 100,000 shares of common stock (no par) at $27.50 per
share. > The sale marks the first public distribution of
company's common shares.
The proceeds will be applied by the company toyard financing its
fend—Kidder, Peabody & Co.
construction
1948
units
generating
'estimated
Net rV.
*
railway__„___
from
Net
•
railwayAA-
from
income
oper.
Deficit.—V.
•
167.
654.
pi
*
Series,
railway
from
Gross
Net
ry.
railway..——•
from
Net
"Deficit.—V.
167,
•
"13,759
Income—
oper.
1
1948
,•
$509
"16,084
." A
654.
p.
-
.
Electric
offering
from
4
and Oil
cents;
'77'7
7- :-:.77'-
A
10
of
Feb.
at
cents; Building
Shares,. 6 cents;
777:- '7
-
in
Industrial
Shares,;' 6
See
.
also
167,
income
from
634
cents;
V.
—V.
'166,
1996.
p.
"J
______
■
year
Thfo
Period End.
1948—Month—1947
February—
A.
•
—V.
167,
classified
Neville Island GIass_Co.,
Gross
from
from
Net
ry.
—V.
J- '■;(*' 1948
167,
103,138
$492,287
$605,939'.
$686,124
362,431
157,164
344.913
income—
291,258
Middle
The
retirement
Inc.-—Bankruptcy— J
since
28
succeeded
santo
W.
Charles
upon
his
by
Effective
sultant.
office
on
Home
Co.
Insurance
Assistant
President
the
to
plan, was announced
Mr.-j Allender will ibe
AA A'
'
Downs.
retirement. Mr.
Allender will vbecome a con¬
and business administration with Mon¬
clients.—V.
his
167,
944.
p.
'
the
For
of
put
wetk
Montgomery Ward & Co., Inc.- -February Sales—
Monlh of February—
Gas
of
above.—V.
$75,631,337 $71,482,595
—_
—--r
fevpTesi"
Motorola Inc.—New Vice-President—
George
MarDonald
R.
finance.
will
He
which office
to
company,
has
named Vice-President
been
continue
also
he
activities
his
;
elected
was
The
167,
1942.—V.
in
944.
p.
,
s
:
157,
Operating
15,071
$5,621,992
Net
Net
—
__
$4,852,562
4,713.388
4,023.369
540,241
A.
taxes
ry.
.—I
A;
operating income
charges
$368,363
207,493
The
7.
on March 5 filed a
registration statement with the
$25,000,000 30-year debentures, due April 1, 1978. and
shares of capital stock ($100 par).
Underwriters for bonds
determined through
competitive bidding.
The stock will be
present stockholders at $100 per share on a. one-for-three
company
will
be
cffered
basis.
American
standing
stock.
Telephone
Proceeds
&
will
can
Telephone & Telegraph
000
March
31,
1948.—V.
be used
Co.
167,
Co.
Telegraph
to
advances
amount to
29th
Cost
of
1947
1946
$19,937,580
dapre'ciationAYY_-A;.-,'A
26.467,244
15,796,067
•311.944
before
Shipping, selling and general expense—
for Federal
Net
income
B
income
adjustments—
common
2,181,508
3,086,000
645,000
178,492
•
———
declared
230,883-
.
2.792,758
taxes_.AAA'A,A
:_A—v.
Y.AaA.A.AAa
A-
dividends
Preferred
Class
Report—
_.,.,t..A..A.A-Y-A2LAA-AYA*~,,
sales
Depreciation
Prevision
$41,000,-
$37,631,055
."AY—A
—
Prior year
Ameri¬
from
about
Annual
Calendar Years-—
sales1
out¬
of
850.
Mullins Manufacturing Corp.
Net
73.35%
owns
repay
expected to
p.
the
ASSETS—Cash
Treasury
$1,165,500;
(at
notes/
United
plus
cost,
hand
on
saving
and
series
States
accrued
AS
in
$1,084,121
201,425
761,620
DEC.
270,950
31,
New
cost,
plus
of
United
accrued
in
States
series
E
(after
inventories,
doubtful
accounts
of
$46,7329,
$3,329,128:
sundry investments and
receivables, $13,930;
due
from
employees under-stock purchase agreement (collateralized
by 17,110 shares of class B common stock), $353,671; land, buildings,
machinery, eauipment, etc. (after reserves for depreciation of $6,429,.-
$3,398,960;
officers and
445),
$3,742,255;
delerred
$645,563;
charges,
77,7-77'-,
...
;
;'i
•
Plans
voted
to
increase
an
for
Operating
bond
Operating
March
recommend
of
in
shaves
200.000
the
>
Net
amount
patents,
$1;
3416.
p.
.
7
■7vr'7-:7 v7:"\7'"'\- 7 ''-'.Yl-Y- Y .7*T;
New Orleans Texas & Mexico
January—
~
1948
from
from
Net
ry.
—V.
railway.__.l
railway.....,—
oper.
167,
New
p.
income...
Ry.—Earnings
$587,711
V 583-676
232,619
445.495
207,380
<
333,766 '
'
331,370
York
group
the
cost,
will
estimated
issued
be
at
to
provide
issue
was
new
First
167, p.
not
exceeding 75%
railroad
standard-gauge
*7
total,
oper.
Boston
They
were:
Corp., 99.314;
Halsey
Stuart
&
and Salomon Bros.
1047.
.
:7. 7'
Co,
Net
167,
ICC
and
on
liability
Feb.
as
$15,-
"60.927
34,5.75
,
* ^
17
authorized
the"
,!.
to
'
90,576
7:Y7277-'
Wr; ;/-7
1348
1947
$8,305,530
$7,667,803
••
14,831
7Y- 27,590
revenues..;
7
22
___.
A-7-ii'Y
._22%2
$7,652,972
5,394,052
$3,277,949
6,185,399
-
$1,126,603
975,023
income-.
1,132,317
$969,101
1,092,080
charges
851
p.
Natural
Ended Dec.
Gas Co.—Earnings—
1946
1947
31—
$17,749,211' $15,027,720
A 7,913,467
-7,182,131
611,159
873,739
Operation
'
A.
Maintenance
Retirement
General
Federal
reserve
fjx.
accruals-_x.--
1,076,915
State
and
taxesA
income
income
i-lf
i<«.
j
I
.
;■>
$3,182,646
37,536
$4,169,802
„
(nett
912,161
1,485,050
I'
r
A
,A-^—
income
Utility operating
Other
1,654,571
1,674,185
2,041,100
taxes
;
28,186
H
Total
Net
662,263
-A A AAAr—
;
income
dividend
$2,573,573
$4,197,988
—
deductions-
slock
$3,220,182
646,609
$3,535,725
income
income
Preferred
427,500
427,500
$3,108,225
requirements
lor
common
stock
and
surplus
—
$2,146,073
'
—V.
167-,
$2.59
$3.70
A
Earnings per common share;
obligation
guarantor in respect of not exceeding $1,400,000 2'/8%
company
7
"164,863
,
*r;7
'
749.
p-.
assume'
equipment-trust certificates, to be issued by the Guaranty Trust
York, as trustee, and sold at 99.256 and accrued dividends
connection
with the procurement of certain
equipment.—V. 167;
944.
131,657
Operating revenues
Old Town Ribbon
The
of New
in
p.
$547,908
"102.660
1,123,449
Oaklahoma
serial
Co.
7- $339,653
125.45;*
655.:
p.
opeiathg
12' Months
Inc.,
& Hutzler,
1945
$545,o26
26,578
revenues
operating
after
Net.
—V.
Gross
New York Chicago & St. Louis RR.—Equip. Trust Ctfs.
The
income__„
"Deficit.—V.. 167,
/Operating revenues
Operatiilg expeifces
t
v
-
$555,705
rai.wa.*:_>_— 7
Balance
*/
RR.—Earnings—
1947
:'7 ' ,.194677
■
-■■'%77-.v,-7:i 1948
railway
Uncollectible
"7•"
on
a
bid of 99.429, a net interest .cost of
Three other bids, each naming a 2%% cous
received at the sale.
Tlie
99.17.—V.
for
awarded
approximately 2.4374%.
were
$17,407,384, of
7
equipment.
The
460,239
Ohio Bell Telephone Co. -Earnings--
-
certificates
The
$534,692
Operating, taxes
654.
Central RR.—Equipment Trusts Offered—
headed by Harriman Ripley & Co., Inc. and
Lehman Brothers on March 10 was awarded $12,600,000
2%% equipment trust certificates maturing $1,260,000
annually March 15, 1949 to 1958, inclusive.
The certifi¬
cates, issued under the Philadelphia plan, were imme¬
diately reoffered by the group at prices to yield from
1.45% to 2.70%, according to maturity,
Other members
of the offering group include E. H. Rollins & Sons, Inc.
and Shields & Co.
Issuance and sale subject to ICC
approval.
Y- 7•777' "7. Y 7Y7''-^Y::
A
from
Operating
:77 *7 1945 .-J
$758,819 77 $978,887;
1946
1947
243,918'"
210,514
$724,042
.77
-
Month of January-
•
$693,396
from
Net ry.
of
the
164,
851.
167,. p.
Gross
the
at
5,116,557
737,935
•7617,887
operating income.
charges^
?Tter
v.
January—
presented
stockholders
$6,389,184
5,827,508
871,600
taxes
Net
7
17.
to
be
23,191
$7,424,050
expenses
Operating
issue $55,000.-
will
issue
1947
$6,400,134
10,950
7_7_—Y7v
revenues
revenues
Northwestern Pacific
the company to
the
U., Commission
P.
also
authorized
10
Y
\7::
1948
—$7,447,241
revenues
Uncollectible
operating
company's outstanding capital stock. ',All of the
common
stock is owned by
the American Telephone &
company's
receivable
for
reserve
■
167, p. 1047.
Telephone Ca.—Earnings—
Bell
Operating
interest),
indebtedness,
accounts
$202,884:
March
bonds.
Jersey
meeting
kwh.,
a
Y7.;>YY7:7 YY-- 7
-
on
directors
99.393;
1947
$2,625,995;
certificates
interest),
r:7.; .-7'-'' 7: 'v;
Telegraph Co.—V.
of
201,425
banks,
(at
C
%%
AT
month
corresponding
the
for
'
(
(Del.)—Weekly Output—
Month of January-
—
annual
pon,
SHEET
kwh.
—
$4,794,617
___.
dividends- paid——.
BALANCE
is
56,459,828
1,659,079
this company lor the week ended March 6, 1948,
as
compared with 54.923,900 kwh. for the
output of
59,639.000
Northwestern
ago.
year
a
777;
' 3,028,191
,
,
corresponding week last year, an: increase of 8.6% .—V.
29, the Assoo'ation reports electric output
an increase
of 6,849,301 'kwh., or 12.13V
Y7Y
2,364,327
1,539,553
2.116,769
1,247,707
♦
-
1047.
p.
Electric
totaled
Jersey Bell Telephone Co.- -$75,000,000 Financing
Net
covering
191,881
corresponding week
the
Feb.
This
of
debenture
The
Gross
SEC
■
directors
of
000
221,526
Registers With SEC—
out¬
1,653,097 kwii.. or
the Corresponding
for
Net
$333,487
A
;
__
kwh.
electric
reports
of
increase
an
14,103.675
1304.681
241,367
__
167,
Y
7
1948
1947
1946
1945 V
$11,515,561 $11,317,790 $10,844,170 $11,973,775
ra'lway..—
railway..-—
oper. income.
Northern States Power Co.
495,706
——
after
kwh,
777
ago.
New
$4,867,633
24,348
revenues
expenses
Operating
is
of
front
YY'"7Y777 '
•
from
Net
347.
p.
.•
-
Inc.,
167,
advertising agency.—V.
its
Pacific Ry.—Earnings—
January—
Net
City,-as
York
New
••777
Northern
'.7 77"V-'77
Gas cu-tput fob February,
1948, is reported at 1,040,351,000 cu. ft.
This is an increase of 192,542,000 cu. ft., or 32.71 % above production
of
847,809,000 cu. ft. for the corresponding month a year ago.-TV. 167, p. 1047.' 7 Y
-\7;7i -:'.7:"-;7r7
year
to
$5,646,340
rev
ended
production
$20,000,000
Operating
-7
available
the appointment of Pedlar & Ryan,
announces
Avenue,
655.
p.
Co.—Merger Terms—
Association
(-his
5,
This
ft. for
cu.
month
Plan—
1947
1948
revenues
oper.
North.
common
the March
increase of
an
63.309,129
the
of
Telegraph Co.—Earnings
Month of January-
Uncollectible
order,,
the
of
of
corporation
Park
250
7
VI
A
it
■
$ week is reported at 244,599,000 cu. ft.
4*2,118,000 cu. ft., or 20.80%, above production
year ago.
the
The
Mountain State Telephone &
Operating
■' v77..
West
will make
-7.
terms
shares
Northeast Airlines, Inc.—Advertising Agency—
/
77
charge of
in
Treasurer
as
iiwh.
output for
is
above
March
ended
production
202,481.000
of
1^47
1943
above
a
This
week
15,761,772
11.72%
For
—v.
.
registered
a
Corp.
the
j
patriot Court, Wilmington, .Del.^
S,
stock of Wisconsin for distribution to
holders of the 7% prior lien preferred and 390,680 shares of common
stock of Wisconsin to holders of 7%
preferred of North West; also
a
cash payment equivalent to a dividend.—V. 167, p. 944.
7
Gas & Electric Association—Output—
New England
management
of
one
as
Allender,
W
under Monsanto's formal retirement
by William M. Rand,
President.
1930.
Feb.
on
U.
the
of
Light: Co.
Gross
New Brunswick Fire Insurance
Co.—Official Retires—
Samuel
of
West
7 200,410.5
$6,280,220
,
96,719
See
Chemical
is
West
North
—V
Monsanto
and
an
The plan
company.
233.626
127,937
748.
p.
per
order enforcing the plan of dissolution of the
is effective immediately.
7.
.>
hoidihg company and a subsidiary of
The remaining subsidiary is Wisconsin Power &
signed
5
'
'■■"■"■""'k-Y
1, Federal Judge R. M. Gibson, at Pittsburgh, approved
bankruptcy petition filed by the company and appointed-two-trus¬
tees viz.: J. H, Bialas,
as disinterested trustee, and R. M.
Marshall,.
President of Pittsburgh Coke & Chemical Co.. (which owns 43.8V of
Further hearing will
company's voting stock) as additional trustee.
be held April 15.—V. 168, p. 1054.
,
1945
1946
1947
$738,924
railway——
railway——,
oper.
Lealiy
Faul
Maich
on
r
$2.74
March
On
Y
V-
Monongahela Ry.—Earnings—
Net
as
Judge
a
'
measured* by the difference between
share paid in liquidation and retirement
their tax co t for such stock,, and such
purposes,
North West Utilities Co.—Dissolution—
7
1948—2 Mos.—1947
$5,423,614
$2,835,959
$3,245,439
the
stock;
preferred
$6
will be capital gain or loss excoot where the stock does
a. capital
asset to the, stockholder."
made on March 3,
1948, should not have been
a
dividend
as
shown in the
March
1 issue of
the
page 45.
See also V. 167, 'pp. 851 and 944'.
\
I
"Chronicle,"
654.
p.
the
of
payment,
Under
Offering—
retirement
constitute
not
ago
tax
$194.05
of
preferred stock
gain or loss
Higher—
,
Light & Power Co.—Tax Ruling—
the
with
income
amount
their
*
I■'• 7..;YY
YvA'-j"
41,010'
•
1945
$640,959
104.365
39,793
:
company
Federal
the
of
1946
.
$3.02
Neisner Rrathersr Inc.—Feb. Sales 14.4%
f
{
memorandum was sent to the preferred stockholders:
)
has been advised that, in the opinion of counsel,
existing law its-preferred stockholders will realize gain-, or loSs,
"The
for
7
$16,035,178 j$13;465,iS)2,;
7; 1,554.649.'
1,412.40*;
A
A-xi,
share—AAA.A
common
-
944.
p.
connection
under
166,
Higher
a
income
oper.
1946 ' ...
$621,015
123,259
*-8,548
1947
$733,937
145.417
115.443
44,55b
North American
\"A'AAA/A
,71947
•
__
per
debentures
"/
following
1948—2 Mos.—1947
7A'.■.
851-.
p.
Y7—_A
A
—___—_A_
sales
Net
Earned
.-77
■
fund
sinking
851.
p.
appointed'
York has been
33,4%-
1948
$722,475
railway
railway
167,
In
7 - Y/"YY
National Vulcanized Fibre Co.—Earnings—
$25) at $16% per share by Semple,
Jacobs & Co.—V. 155, p. 2369'.
January—
rv.
,
Stock
77
increased
operation
1948.-2-V.
-Calendar Years—
Net
,
Net
Insti¬
7
-
1948—4 Wks.—1947
stores
28,
167,
New
of
of
Southern Ry.—Earnings—
from
—V.
share¬
made
cents;
s
from
_2—AA $19,968,348 $15,345,554 $41,664,439 $28,734,268
number
698
Co.
$4,000,000
See V.
1948.
Trust
&
of
January-—
■
The
to
3,727,201
,
AppointedY7;'Y;'Y
Corp.—Trustee
Eank
iisue
an
1,
Net
7- 7
to
income):
be
investment
Series,
Shares,
Aviation
5
$4,106,471
2,926,721.
made March 3 of 3,246 shares
was
of common stock (par
(all
Income
cents;
■■.7
distributions-will
1948
28,
National Tea Co., Chicago—Current Sales 30.1%
Sales
A secondary
12
Shares,
Salds
1945
$226,333
41,557
'
4,263
for
Gro
will
.7
1945
$160,146
55,116
25,508
1946
$131,653
"14,051
"35,395
Portland Cement Co.—Secondary
Missouri
Feb.
cents;
9
2561.
p.
...
1947
$7,211
"13,019
"14,193
" A;;
.J
Fund, 5 cents.
the following
15,
record
Series,
Chemical
new
Ry.—Earnings—
Missouri & Arkansas
of
Period End. Feb. 28—
'
which
distributions
of
,
■
January—
Trust
tutional
'
1947
1946
$1'45,594'
$118,964
33,650
•>. 18.872
4,386 \
*1,924
1948
$177,241
59,774
23,257
January—
estimates
are
on
March
On
total
Mississippi Central RR.—Earnings—
Gross
Mutual
holders
additional transmission lines and substations,
of approximately $6,000,000.—V. 167, p. 943.
and
cost a
to
of
installation
the
for
calls
which
program
amounts
April 15 to stockholders of record March 31:
Bond"
Series, 5 cents; Low-Priced Bond Series, 9 cent3; Speculative Series,
7 cents; Low-Priced Common Stock Series, 4> cents;-Automobile Shares,
5
cents;
Metal Shares,
5 cents;
Steel Shares,
5 cents;
and First
Light Co.
&
following
$3,451,597
851.
Continental
due Feb.
,
Research Corp.—Distributions—
National Securities &
payable
income___-__7---
charges__„______^_!__—
p.
Norfolk
be
J
—
12.—V. 167, p. 944.
proposal March
The
Minnesota Power
The
trust-e
1
Co.
$29,577,362
20,384,064
4,397,188
5,086,827
;
approved the merger into this company
Stockholders of the latter firm Will vote
March
on
Service
Galland Linen
of
;
-
i
_
24,142,168
:—
operating
after
—V. ,167,
of America—Merger—
National Linen Service Corp.—Merger Approved— *
,7
■
..
$32,490,953
taxes
Noma
Minnesota Mining
7
"
National Liberty Insurance Co.-
653,
p.
Store—
•
:
revenues
Operating expenses
Mutual Life Insurance Co. of New York- -Buys Sears,
1-945
1948
1947
1948
$1,503,458
"
,
1947-
'
Operating
January—
7
,
l—
-
7
•
Y
3.943
.x.
.
ii$32,604,015* $29',b28,457
;
113,062
51,095
operating- revenues^-.
revenues
Uncollectible
operation, the
1948, hadf 209 stores in
1947.—V. 167, p. 748.
J
February,
in
as
j'anuary—
Monlli of
7
$6,780,290 $1:0,04-3,500 $43-,770,386
$8,049,817
number
same
.New York Telephone Co.- -Earnings—
1943—2 Mos.—1947
1943—Month—1947
period End. Feb.—
J&n. 1; to Feb. 28—
Monday, March 15. 1948
Higher-
(G. C.) Murphy Co.—February Sales 18.92%
Increased 1T%—
Miles Shoes, Inc.- -February Sales
FINANCIAL .CHRONICLE
&
THE, COMMERCIAL
(1154)
14
7i
■
Trust
of
common
of
Co.
66c
for
stock
New
each
Inc.—Redeems Scrip
Carbon Co.,
&
scrip certificates are redeemable at the
York,
l/20th
Broadway,
140
of
a
shaie.—V.
New
York. N.
165,
p.
Y.,
Guaranty
rate
at the
814.
477,885.
LIABILITIES—Notes
payable
bank,
to
$2,500,000;
accdunts
sundry liabilities, accrued expenses and taxes, other than
taxes
011
income, $542,155; dividends payable on preferred stock,
$201,425; reserve for contingent compensation, $50,000; $7 preferred
stock—without par value—stated
Value"$50 per share (outstanding,
shares),
28,775
$1,438,750;
class
B
common
stock
January—
(par
value
$1
Gross
from
Net
ry.
$546,050;
capital surplus, $2,191,564;
1, 1933), $7,239,908; common stock held in
shares),
.
Dr$41,925;
NOTE—Against
there
series
were
total,
a
deposited
C.—V.
166,
p.
surplus
per
like
of
$3,086,000
amount
1892.
of
U.
for
S.
Federal
Treasury
income
savings
$313,637
46,017
60,085
139,731
109.464
"3,540
28,879
13,038
$333 878
income,
"Deficit.—V. 167, p. €54.
,
_
taxes
'
notes,
(J. J.) Newberry Co.—February Sales Slightly Higher
Period End. Feb.—
—V.
1948—Month—1947
$7,710,606
Sales
167, p. 748.
A' 1'
•
to
Stockholders,
approve
'
an
reclassifying
as
heretofore,
There
1948—2 Mos.—1947
$7,701,711 $14,658,126 $14,918,039
'
Co.
—
To Reclassify
Preferred
April 13, will be asked
articles of incorporation
capitalization.
The proposed amendment will in no way affect, the dividend; rates,
rights or privileges of the shares of 6%, 5V2 % or 5%- first preferred
stock
now An
the
hands of
the public,
all of which will remain,
.
(since
treasury, at cost (2,150
$15,477,885.
reserve
a
earned
$369; 1361'
$332,979
"77,232
railway..;.—,.
railway
oper.
1946
-
Pacific Gas & Electric
Stock—
194^r
1947
1948
from
l4et
_
share),
Jane
^
New York Susquehanna & Western RR.—Earnings—
payable,
$809,958;
are,
at
the
annual
amendment
the
authorized
to
meeting
the
on
company's
preferred
stock
not subject to redemption.
however,
2,215,175
shares
of
first
preferred
stock,
aphorized by the company's articles, which have not yet been issued.
It
is
proposed that all of these shares
hereafter issued shall be
'
Volume
167
Number 4681
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(1155)
callable.
Under
authorized
of.
shares,
nation
In
the
being
dividend
future
le.fcer
B.
prefeired
stock
and
be
'
Black
the
upon
would
Philadelphia Electric Co.—Weekly Output—
price, the number
the distinctive* desig¬
accompanying
James
directors
redemption
if any,
issued.
as
of
board
the
rights,
series
President
first
the
rate,
stockholders
to
mailed,
additional
amendment,
the
conversion
each
of
a
the
fix
to
statements
proxy
that
states
the
favorable
most
The
week
:
now
electric
ended
of
6,
kwh.,
167, p.
this
1943
6.8%,
or
and
company
amounted
to
the
over
'
its
subsidiaries
151,862,000
kwh.,
'
•
.
for
the
increase
an
Leslie
died
now
market
provided
proposal
in
the
is
conditions
line
opinion
additional
requires a more flexible procedure
than
company's articles.
He adds, that the current
with the trend of modern corporate practice and,
the board of directors, should be adopted before
'
Pioneer Service & Engineering
the
by
in
of
stock
preferred
Pacific €oast Co.
financing
is
Calendar Years-
Cost
other
of^ goods sold, oper. exps., deprec., depl.
surplus and
Surplus and other adjustments.
Net
results
for
Crl20,263
—
■'Preliminary.—V.
$173,095
166,
2663.
p.
a
registration
will
321,726
cover
to
proposes
share
new
price
to
$40
167,
v"
4,
authorized
basis
of
Pacific
Telephone &
Month of January-^-
;.
revenues
Uncoileetib'e
about
April
North
Mr.
16,
Net
Net
taxes
Telegraph Co.—Earnings—
1948
•
1947
-
123,027
__
after
—A——
vacancy
44,137
21,932,112
2,428,822
$490,586
1,648,720
u
charges
Bids
■
for
March
268,233
—
the
purchase of $75,000,000
of
30-year
]978, will be received at Room 2315, 195
to 11:30 a.m. (EST) on March 16.—V. 167,
1,
York, up
expansion
solvents
and
sodium
thiocyanate
deriva¬
the
City
first
of
New
mortgage
York
41/2%
has
gold
the
is
T.
Christopher,
42,102
of
in
and
reserves
but
subsidiaries,
indicate
Agency,
Treasurer
D.
of
C.—V.
Lee
ap-'
series
General
debentures
167,
R.
K.
caused
Mitchell
by
the
been
has
death
of
W.
elected
Co.;
Philadelphia
There
New
167,
Logan
fill'
to
the
MacCoy,
National
of Philadelphia.
Insurance
Philadelphia.—V. 167,
recently
Co.
Lumber¬
and
Com¬
852.
p.
Redemption—
The bonds
Chemical Co.—Sales and
The
dividend
requirements
on
$1,521,827
84.102
taxes
$0.59
prefeired
stock.—V.
Fathe Industries, Inc.—Sells Notes—
In
addition. to
in
notes
>
1,
Nov.
1948.
ceedSf were
Paul
Sec
$300,000
5%
for
working capital.*—V,
Revere Fire Insurance
Home
Insurance
Co.
166.
158,
*
The
New
York
agent
Trust
Co.",
New
in
in
Broadway, New York City, has been
City to exchange temporary lirst mort¬
1948.
the
(J. C.)
their
—V.
167,
1948—Month—1947
945.
p.
company in
reports an increase
its
53rd
of
statement, as.,of Dec. 31, 1947,
18%,; in total assets to an all-time
than
more
high of $7,051,895. Premiums in force showed
or
than
more
Herman
J.
over
a
year
its
dividends
*/
organization
in
1895
paid
to
policyholders
165,
p.
reached
to
the
January—,
1947
ry.
1,231,585
The
directors
share,
payable
the
first
from
The
in
1046
April
in
company
to
stockholders
1946
of
record
when
paid
two dividends: $1
four preceding years,
the
the
announcement,
"partly from
the
earnings Qf prior
V
January—
Net
from
Nee
*
from
ry.
'
.
in
20.
and
50
June
dividend
railway—*182,878
income-—:-.
oper.
Deficit.—V.
*416,553
to
prepayment
properties
of
1947
and
affiliate,
an
declared
March
dividends
quarters,
no
effect
the
20,
of
to
this
of
50
$1
U.
assets
and
of
The
reimburse
cents
in
*246,200
.*75,489
*413,490
third
1943—Month—1947
$3,532,870
$3,502,289
company in
against 134 in the
for
a
proposal
to
that
will
shares
stock
be
of
presently
basis
two
shares
authorized
in
all
shares
of
to
Pet Milk
All
and
of
the
4y4%
redemption.,
Payment
liam
1948,
had
136
month
last
Co.—Calls 4%%
outstanding
cumulative
on
will
Street,
February,
corresponding
April
be
New
made
shares
second
10,.
at
be
not
to
York,
N.
at
City
Y.—V.
in
•>■'■7:.
"
■
incorporation authorizes 500,000 shares
stock, of which 389,094 5/18 shares are
p.
1947—Month—1946
p.
as
750.
$1;146.989
_
expenses____
4(4 %'
'$105Bank
167,'
cumulative
stock
per-
have
'share
Farmers
pi
1048.
preferred
been
and
Trust
stock
called
for
"dividends.
Co., '22
Wil--
and
1947—12 Mos.—1946
966,937
11,728,614
10,745,355
cost
market
or
equipment——.—!
Dr22,263
Dr61,366
$121,359
$125,940
*$90,272
$24,122,271 $23,712,045
on
and
accounts
Accrued
taxes
officers
of
and
1,770,855
1,930,778
2,093,242
1948
244 442
taxes.^—
1,900,804
2,724,329
payable Jan. 2,
Federal and state income
Reserve for building alterations and
Deposit
1,515,617
—
commissions.—',
stock
common
other
and
repairs-
112,604
liabilities
22,692
Gross
Deduct,
$189,897
5,841
ordinary income
from
ord.
inc..
subsidiary companies.———
{Surplus appropriated for
contingencies—.
7'/o
7%
1st
preferred stock (par value $100
per sh.)
2nd preferred stock
(par $100)——
SCommon stock without
par value
Earned surplus —
tAfter
In
450,172
139,780
$359,900
$2,661,404
10,295
M37.930
1,770,500
2,093,233
3,931,222
7,263,601
$138,337
$221,970
$2,541,062
115,280
767,609
510,138
425,440
income
from
-
net
165,178
557,783
298,234
$129,131
inc.—
income
to
$88,439
$431,796
$2,752,966
2,417
-
245,173
1,077,267
54.177
transfer! "
earned
.•Deficit.—'V.
:
,
surplus--
of
for
reserve
{On
tingencies.
$150,000
of
1946.—V.
by
167,
167,
$86,022
$186,623
$1,675,699
473.
p.
revenues
Uncollectible oper.
discounts
and
$1,902,836
market
244,442y4
in
shares
in
1947
market
(The)
reports net asset
coverage -of
collateral-trust
cum.
common
167,
ZxW/(.
convertible
its
as
of
Feb.
29,, 1948,
outstanding securities
bond,.-.
1049
preferred
as
_____!
share,
$50
company
follows:
$2,405.55
par..—
137.85
21.96
and
Rand
McNally
Andrew.
McNally.
President
to
$8,055,737
11,121
' 6,843
$708,480
$8,610,082
667,487
$8,048,894
541.663
6.852,772
5,892,078
Crl2,319
1,112,523
1,071,921
$179,136
$644,787
$1,084,895
339,313
607,010
V
'
;•
Dr443
since
—V.
p.
1523.
28,76Cf
/
;
Co.—Earnings—
Net
sales
Earned
—V.
>1947
—:
—
Net profit after
charges and taxes—
per Common
167,
946.
p.
share
'
7
1946
1945
$52,374,927 $39,191,286 $30,714,634
4,326,363
2,678,196
823,118
$10.88
$6.73
$2 07
;
Rudy Furnace Co., Dowagiac, Mich.-Annual Report—
Net
1947
1946
1945
1944
$2,361,054
$1,388,224
$1,791,856
175,292
$1,863,375
*121.273
63,689
67,000
86,110
Cr55,500
31,044
39,092
$108,292
salfs
Net
*$65,773
$32,645
$47,018
profit before taxes.
Net
taxes
prot it
*Loss.
■
ASSETS—Cash, $146,004;
inventories, $273,878; plant
$8,029;
good will,
$1;
SHEET,
NOV.
accounts
and
and
30,
1947
notes
;■:"
y
receivable.
$154,813;
equipment, $559,848; prepaid
total, $1,142,578.
expenses
»/■!"■•>:'•
LIABILITIES—Accounts payable, $66,321;
mortgage short term debt,
$104,290;
accrued
liabilities,
$67,000;
mortgage,
common
$249,872;
stock, $201,041; capital surplus,
$326,600; earned surplus, $127,448;
total, $1,142,578.—V. 166, p. 2108.
Rutland
RR.—Earnings—
January—
■'
Gross
Net
ry.
opor.
income
*Deficit.—V.
167,
1947
1946
1945
$460,594
€414,990
$329,637
*73.471
*26,923
*103,258
*109,506
railway
railway—.
from
Net
1948
$433,776
' *61,634
from
*127,928
*55,449
*137,382
946.
p.
On
Heat
Elements Inc.,
Middletown, Conn.—Files
SEC—
Feb.
shares
27
of
letter of
a
stock
common
Underwriter,
H,
notification
P.
(par
Carver
10c),
Corp.,
filed
was
to
be
Boston.
V.-; ;:
with
offered
the SEC
at
Proceeds
$3.25
will
go
for
30,000
per
share.
to
selling
/V./
St. Louis Brownsville & Mexico
January—
•
1948
from
railway——
from railway——..
Net
Ry.—Earnings—
1947
1946
1945
$2,026,034
$1,534,023
$1,'430.279
$1,974,297
793,223
472,285
642.095
1,029,374
Net
ry.
—V.
391,024
245,993
306,685
276,338
p.
'
750.
Louis-San Francisco
Month
of
Operating
Operating
Net
income—.
oper.
167,
January—
8,047,806
7,166,425
—
576,740
864,302
G2,996
46,836
50,603
34,210
—.—..
income
$683,161
$623,576
$914,905
$1,493,532
15,741
33,469
5,153
1,850
$667,420
$590,107
$909,752
$1,491,682
from
income
available
charges
Net
ry.
—V.
—
P.
OF
COMPANY
1948
ONLY
1947
1946
$3,932,570
$8,141,028
1,307,440
1,306,876
$7,838,944
1,216,148
550,958
railway.——.,
566,687
779,498
income.._
oper.
167,
1,459,322
for
from, railway——
from
1945
620,165
January—
Gross
Net
1946
|>8,282,736 $10,035,611
6,933,153
6,831,955
—
-
Deductions
1947
$8,546,062
income..
ry.. oper.
Other income
-Earnings of System—
$9,518,176
revenues
expenses
Ry.
1948
-
852.
1945
$9,622,381
3,043,717
1,412,924
750.
&
Co., Chicago—New President—
III,
formerly
his father,
suceqqcj
1932, and
President
166,
,
who
now
St. Louis-San Francisco & Texas
v
Vice-President,
has
been
elected
Andrew
McNally,
who had
been
becomes
Chairman
*
$3,611,203
$24,035
EARNINGS
this
share
pp.
con¬
245,717%
62,949
.
—
Ruberoid
Balance
quotations
and
291
*
$754,471
„
-
$1,822,610
other
1947—12 Mos.—1946
$708,189
981
operating income
after
charges
167, p. 1049.
—V.
accounts.
and
and
Corp.—Earnings—
rev..
Net
Net
doubtful
1947
conditions
1947—Month—1946
$755,452
„—
Operating revenues
Operating expenses
Operating taxes
fixed
upon
6,059,812
291.
p.
Rochester Telephone
Operating
of
unusual
SRepresented
in
for
depreciation
account
Period End. Dec. 31—
Total
$74,954
'
2,098,233
3,964,629
120,342
.
370,515
~
122,074
$24,122,271 $23,712,045
reserve
1946.
shares
40.473
$2,521,624
$148,632
$184,056 "
■
income <Crt_
Extraord. income (chgs.)
145,957
2,500,000
1,773.100
Total
w*After
St.
ordinary..income-
Ex traord.
109,814
118,320
3,000,000
2
;
to
Gross
68,538
350,00C
134,127
107,023
others
$2,481,151
:
non-com>:
8,591,421
713,034
1,860,608
2,156,832
——
Estimated
stockholder.
6.570
Per
10,546,670
;
889,787
trade
salaries
Dividend
with
$1,115,140 $11,699,708 $13,226,506
1,022 200
Operating income
—V.-
$2,000,312
8,816,013
8,425,611
int.)
advances
payable,
Safety
!
Other communic. income
Per
of
accr.
946.
*$28,906
Per 4%
operation,
167,
lower
and
Total
Acpounts
1,
July
called
Preferred Stocks—
preferred
1948,
the
of
stores
year.—V.
$7,082,437
and
at
cost
1946
pre¬
of
common
$10.3S
30
$2,405,074
1,428,954
—_j—*
(at
receivable
Jam
stockholders
will
:V'a'"';-'.!
certificate
record
shares
completed
to
stock
of
of
reference
was
mailed
common
necessary
split
number
of
at
make
to
shareholders
additional
elimination
of
to
the
cn
increase
an
issuance
the
certificates
revenues
oner.
Based
1948—2 Mos.—1947
$7,051,528
a—
——
S.
Railway & Light Securities Co.—Asset Values—
The
NOV.
and
*255,280
Peoples Drug Stores,
Inc.—February Sales Up 1%—
Period End. Feb.—
BALANCE /SHEET.
—
accounts
paid
stockholders
Communications Inc.—Earnings—
$696,673
*156,612
$9.98
on
March
were
the
the
to
146,876
2.
1947
Federal
share
a
$148,203
Net
*365,349
share
617,743
the
Divi¬
record
share
a
share
a
$1
of
$114,789
r
167, p. 655.
Sales
common
124,117
146,876
735,389
securities
improvements
revenues-
Net
124,117
stock
Govt,
•
of
incorporation
stock
for
split,
Period End. Dec. 31—
1945
$579,648
connection
dissolved.
or
holders
submit
1948,
provides
...
the
to
and
common
certificates
value
par
RCA
y
500,000
-
stock
BALANCE
certificate
of
stock
present
Net
1946
$3,07$,000
in
other
since
dividend
a
31
is
945.
p/
preferred
*Customers'
Glore.'-Forgan & Co.
December,
Lines—Earnings-
$711,784
per
Cash
bid
outstanding.
As
amended,
the
certificate
would
authorize
778,189
shares, which is sufficient to effect the proposed two-for-one
split arid eliminate the fraction of a share.—V.
cents
in
1948,
Inc.,
per
was
paid
167,
common
315,000
•
Co,,
common
This
amount
was
1947
$7b9,167
8
April
the
.
.Net
April
$1
15,
years."—V.
-1948
railway^
Co.,
resolution
Outstanding
exchange.
Deduct,
Gross
in
v.;.-
April
Pennsylvania Reading Seashore
applied
electric
are
income,
munication
cents
March
like
a
-r
50
December.
to
of'
to
6,591,513
of
on
year.
a
resolution
to
New
At
L
•
and
&
12,734,045
dividend
1947,
the
meeting
Ord.
a
second
1948.
for
1945
.
declaied
April 15,
prior years."
of
each.of
in
•i-According
payable
15
10
since
payment
earnings
July.:,; In
$1.50
March
on
Dividends
the
2,547,545
1,159,692
To Pay 50-Cent Dividend—
and
bv
6,290,666
income—_
oper.
15.
•
$20,024,378,
amounted
railway— $77,374,173 $71,981,893 $68,462,415
$76,283,661
railway—
9,070.395
8,112.075
from
Net
Water
common
of
to
they
Operating
Operating
1948
99.519;
167,
paid
of
1947
from
Net
is
of
RR.-^Earnings-
Pennsylvania
paid
losses
total
a
end
the
entitled, and
ferred- stock (since redemption,
943.
$13,586,131—V.
Gross
increase of $1,617,790,
an
ago.
Pelstring, President, pointed out that
since
company
while
30rfc
be
assumed
payable
shares
ii
annual
of
passed
IV 1948,
which
1948.
t'i
and
The
one.
sufficient
Pennsylvania Lumbermens Mutual Fire Insurance
Co.,
Philadelphia—Assets Rise 18% in Year—
This
first
quarters
board
annual
July
1948—2 Mos.—1947
$44,818,477 $41,443,252 $32,801,605 $85,721,128
—
will
or
March
on
1947,
amendments
Penney Co.—February Sales Up 8.14%—
——
sale
&
stock,
In
outstanding
for
Period End. Feb.—
offered
Ripley
the
directors
The
gage sinking fund bonds, series "A" 4%.
due Oct. l, 1962, for definitive
bonds, which are now available for delivery.—V.
167, p. 258.
Sales
the
acquisition
common
fourth
100
York
the
The
Pen hod.v Coal Co.—Definitive Bonds
Ready—
.,
Harriman
Puget Sound Pulp & Timber Co.—Declares
$1
dend—Plans Two^for-One Stock
Split—,
19,
appointed
White,
3 %-j coupon,
contracted
Power
the
$2,824,773
repairs
(estimated)
_
Years End. Nov. 30—
Prd-
1861.
p.
from
loans,
of
Co.—-Merger Terms—
above.—V.
interest.
97.312.
a
proceeds will be used to repay
company for the cost of other additions, extens'ons
to
the corporation's
properties.—V.
167, p. 656.
1957,
stockholders.,
2213.
p.
second
,v:--
with
Oklahoma
due
1947, the company sold $700,000 subordinated 5.%
1,
1951,
and convertible
into
common
stock
after
These notes were sold to certain
used
offered
remainder
debentures,
$2,710,171
and
income
on
Calendar Years—
Proceeds
•
subordinated
November,
due
Nov.
the
accrued
99.429.
with
sold
Co.
bonds
bank
550.
p.
and
P was
awarded March 8 on a bid" of 97.333.
Five
other
received at the sale. Bidding for the bonds as 2T'8S,
Halsey,
Col Inc., offered a
price of 97.3299; Shields & Co. and
99.57, The First Boston Corp.
bid
$0.54
167,
&
For
$1,31-0,043
90.014
;
*
Earnings after charges and Federal
<
Earnings per common share
*After
Weld
1946
1,660,000
$5,637,464
362,691
2,450,000
issue
were
Stuart &
'f
Earning^—
1947
-
priced at 97.54%
were
in the
underwriting are Goldman, Sachs &
Co., Drexel & Co., W. E. Hutton & Co.,
Tucker, Anthony
& Co., and The (Milwaukee Co.
bids
Park
taxes
the year—.
on
offered
Associated
,
Calendar Years—
11
$10,000,000 first mortgage bonds,
series B, 2%%, dated Feb.
1, 1948 and due Feb. 1, 1978.
only an offset to a loss from factory opera¬
to earned surplus.
particularly sheet steel, limited Packard pro¬
1947, but these have eased up considerably."
Sales
state
for
Dividends
have
March
on
an¬
35,602
$4,685,171
—
Appropriation for contingencies
Dividends on first preferred
stock
Due
y.y;...4/y-V
addition
945.
p.
and
Profit
of
Inc.,
Service Co. of Oklahoma—Bonds
Offered—An
underwriting group headed by Salomon Bros. & Hutzler
1947, compared with
20,740
25,185
__—_
building alterations
Federal
Accrued
director
1048.
p.
$5,581,122
166,320
LIABILITIES—
Butler,
Bakery;
Insurance
88,634
218,848
vacancy
been called for redemption on
April 1, next, the follow¬
ing serially numbered first mortgage 3-V4% series D
coupon bonds, due
April 1, 1961:
44, 102, 117,. 302, 743, 761, 787,
840, 902 and 912.
Payment will be made at The First National Bank
of Boston, trustee. >
—v. 158, p. 679.
figures on
revenues
irem
sales
tax carryback refund and an adjustment
a
,
fLand, buildings,
472.
p.
a
Public Electric Light Co.—Partial
due
Broadway,
Manager,
in
cars
*
1946
$4,493,666
—„
(net),——T_—__
Total profit
Provision for
Investments
President
D.
946.
96,036
—
and
Washington,
monwealth Title Co. of
not
sizable
a
"Material shortages,
duction schedules in
—V.
and
company produced 55,477
1946.
Preliminary 1947
branches
tions
President
"The
——_
Co.
President
Division,
p.
240.891
.
been
bonds,
the
Rome
167,
1947
COMPARATIVE
1049.
recently elected a director to fill
resignation of Herbert C. Freeman,
1,104,442
Packard Motor Car Co.—1947 Output
Up—
Geo.
income
ASSETS
Public
nounced:
Other
Earnings
of
the
$56,485,356 $58,663,294
51,654,763
52,774,690
sold, sell., gen. & admin, exps.
Depreciation of buildings,
machinery and equip.
Taxes, other than taxes on income.,-.
pro¬
are
Mitchell is President of the Provident
Tiust Co.
is also a director of
Fleishman's Vienna Model
men s
Bids for Purchase of Debentures—
:
$2,000,000
a
sell
Mr.
11,534,004
$2,244,112
—
income
will
cotton
the
of
of 55.—V.
age
Dividends received from
subsidiary companies-
been
chemicals.
Manager of John
was
American
Butler
William
;
$26,605,046 $13 129.032
—————
operating
has
Provident Mutual Life Insurance Co. of
Philadelphia—
New Director-
He
Operating
undertaking
Bank
for
p.
charge
agricultural
.V
V..
—————————1—,— $26,728)073 $13,173,169
Operating revenues
Operating expenses
from
Studebaker
revenues,———
National
Butler
The
:
operating
D.
resulting
one
'
Operating
Lee
corporation
be
' ;
■
Affiliate—
affiliate
new
bas'.c
'
15, 1948.
The expected
that the registration will
made
a
of
Potomac Electric Power Co.—New Director—
statement
>
the
the
on
Co.—New
Co.,
sale
it
In
mdse.
Inventory of mdse.
This
which
Chase
pointed paying agent
A, B and C.—V. 167,
,
April
on
hoped
offering can
the
SEC.
shares
is
It
945.
p.
the
shareholders
common
shares held
that
so
with
filed
common
share.
per
effective
1948.—V.
its
each .five
be
be
to
additional
offer
for
will
become
statement
Is
company
of
Operating profit
formerly Vice-President and Sales
Inc., is President, and Dr. Joseph B. Skaptason, former
technical
sales
for
Powell, Vice-President, of the new
of
Cost
Pittsburgh & West Virginia Ry.—Paying Agent—
The
Pacific Lighting Corp.—To Register Stock
"'The board of directors at its regular meeting March
an
Co.,
try, methlylated naphthalene
tives.—V. 166, p. 2664.
Dr59,082
period——i
and
Vice-President
Rome, N. Y., at the
_
Haude,
&
year,
benzene
hexachloride,
defoliant, quaternary ammonium
weed-killers, estrogen compounds of poul¬
$232,174
$428,798
:—
corresponding week last
Chemicals
manufacture
gram.
Among the chemicals
organic phosphate insecticides,
compounds, general-purpose
189
$308,535
the
1049,
Chemical
Agricultural
the
The -parent
T;
1,913
adjustments-
other
J.
director
17,804
215,000
—
before
for
concern.
$250,167
295
Provision for Federal taxe$ on income,
Minority share Pacific Coast Cement Corp.—
Profit
W.
5,283,731
V
$525,743
for
served
by this company
245,868,000 kwh., as com¬
totaled
in
Ycars Ended Nov. 30—
Co.—Weekly Output—
companies
1948,
p.
Pittsburgh Coke &
Pittsburgh
$5,533,948
8,534,798
6,
167,
Powell
Profit from operations—_
A——y—--—:---■
Bond and other interest I net)—A———
March
kwh.
1946
V
$9,060,541
operating
11.8%.—V.
of
formed
operations——..———4———■—
the
of
ended
219,979,000
;.//yiyy
*1947
output
week
ihcrease
Sales of products and merchandise and revenues
from
the
pared with
undertaken.—V. 167, p, 1048.
(& Sute.)—Earnings—
Electric
.
for
Wiggins,
Rice-Stix Dry Goods Co.- -Annual
Report-
•
.varying
15
Copper and Brass,
Inc.—Obituary—
A.
March 5
on
corresponding week of last year
1048.
*
under
output
March
9,652,000
—V,
of
sale
terms
of
Revere
of
the
Board.
January—
Gross
ry,
oper.
1C7,
p.
889.
1646
1945
$320,454
$289,479
26,128
126,909
95,005
40,481
income
*Deffc.\.—V.
1947
$273,933
107,589
railway
Net from railway—
Net
Ry.—Earnings—
1948
$382,040
fiom
*16,040
88,895
19,413
16
THE COMMERCIAL
(1156)
St. Regis Paper Co.—-Reports Record
for 1947
,
Seaboard
Sales and Profit
Air
&
Line
FINANCIAL
The annual ;*eport of this company, and subsidiaries for the year
1947 shows net Income, at -a new peak of $14,631,325/
equal, after preferred dividends, to $2.66 a share on the common stock
outstanding. This - compares with $5,563,603, equal to 99 cents a share
on the common stock, in the preceding year.
In a
year of: substantial achievements by the company, net sales
imounted to: a record $143,864,583; against $82,782,186 for 1946 and
total assets rose to $132,643,598 from $99,170,468. Net working capital,
including marketable securities at market value, at tiie end _qf _1947
is shown at $43,$61,411 compared with $35,918,143 at the end of the
preceding year.
•
'"'i
Highlights of the past year in the affairs of the company included
near completion at Pensacola,
Fla., of the world's largest integrated
operation of timber to pulp, to kraft paper, to multiwall ..bags; as tart
in the construction of a $6 million kraft paper mill at Tacoma, Wash.,
ind the acquisition of important new timber resources in Georgia and
Maine, which raised to over 1,800,000 acres the total woodlands now
controlled by St. Regis.
Net
ended Dec. 31*
income
Total
"Net
income
after,
Net. income
.
if
sinking
funds
and
A
capital
income
Net
income
fund
will
480,210
386,068
Other taxes
609,814
504,377
Amortization .of^ acquisition; adjustments.—_—_i
•
L
—
for'
sales, royalties -and
of
adm.
sales,
&
gen.
Provision
for
exps
„
„
72,273/08
46,561.859
41.009.838
1,8.45,235
1,746,212
1,788,609
$4,192,753
1,476,450
$5,589,830
413,969
__
$5,669,203
$6,003,799
419,150
parcel
real
of
estate,
8,083,262
9,287,971
8,654,901
261,805
261,805
582,546
$9,524,442
Net income bef. taxes $24,084,142
.
8,975,000
income-taxes._
Fed. excess profits tdx^
Federal
&
Canadian
.1*193,699
$4*175.504
3,600,000
1,175,000
678,458
Income charges
other
payable
1169,615
132,852
185,208
;
350.458
.
int. $14,758,684
of minor,
in
Minority int.
April
income
131,$41
175,630.
127,353
$2,040,034
$2,342,652
$5,739,234
186,521:
Net income
$14,631.325
Earns,
Dec.
$2.66
332,593
-——
------
_——
$0.99
1'
$120,000.
stockholders
to
29,
$116,000
23
cents, plus
profit
a
similar
'-'-v. •
action,
acrumnlfltprl
accumulated
fr'nm
from, dividpnd^
dividends
inrnmp
inconie
nnd' .
a.nd
'
V
intetest.—y.
Seminole
Oil
On
the
in
of $2,000,000
J',:'"'',';" ■■■
March
to
go
"
ASSETS—
"ash
1947
$8,108,943
1°46
$9,482,487
54,512
,
i.
_
S. Govt,
53,950
securities, at cost (less than mkt.)
•>(otes And accounts receivable
2,787,079
-
t6,358,982
.
contracts, etc.
Cash
surrender
v
life
of
insurance
:-
policies
•
4
letter
a
notification
of
filed' with .the
was
stock.- Underwriter, Buckley
stockholders.—V. 166, p. 1395.
.
.
390,476
..'-a—i-
(net)
gdwl.
I*/.:
Total
.
•
LIABILITIES—
Accounts
Portion
'
.
..
Accrued Federal income taxes
$5,650,000
U.
S.
Treasury
1,355,900
210,397
1948
PEC
1,184,500
V, 136,904
2
Other
4,000,000
1,825,000
Deferred
credits
Reserves
for
Reserve
13,875,000
—'
for
Capital
surplus
Earned
surplus
>
;•'*'*
•'
•V
-
<
..
ihanufacturine
transmission
handle.
is
:
our
& Electric C<k.-^Boiids Offered—As
issue of March 8
T«w
»irc/
I,
I
.
farm
v
an
investment bank¬
v
'
io7»
i
^
^
*
•■>-,.
/
10
and
the net
proceeds
$1,800,000 w3L be
appUed
.
,
to
the
improvements
proceeds /will
to its properties. The "remainder of such net
applied/toward j ayment of the cost of additions,'
improvements made and to be made to the company's
be
extensbns wnd
properties,
-• • ?
V
•
V:
,
CAPITALIZATION GIVING
■
EFFECT
•"
■
TO
'
>
•
PRESENT FINANCING
*
.
tractor
dealers
who
AND
Feb.
5%
'V.
Income
Provision
Before;
for Federal
.$281,752
:
>j • Net
;
1,135,453
"This
figure
/ for the fiscal
in
$174,686
GIVING
.'.j-'jV.V.
stock
-
(par $100)
(par $1)
PRESENT
TO
EFFECT
y-,'
Common
"263,237
and $25,000,000 as tb bonds of
respectively.-v
■*
.
.
500,000 shs.
series A
'
■
HISTORY
and bonds of series B,
-■
^
,
;•
;
-•
■
-
AND
BUSINESS—Convpany is a public utility engaged
generating, purchasing, transmitting, distributing and selling elec- /
trie energy in northeastern; Texas, northwestern Ijouisiana and western:
Arkansas.
Principal executive offices are located at 428 Travis St.,
Shreveport 83/ Lb?//';
-!
y-•in
FINANCING
-
Outstandhig
550 shs.
500,000 shs.
Authorized
1,000 shs.
500,000 shs.
1 75,000 shs.
any
series
is not necessarily indicative of the rate of net income
ending Feb. 28, 1948.
/
\
preferred stock
75,000 shs.
500,000 shs.
I
par)_
number of different series. as the board.; of-1'directors may
;
determine; provided that the aggregate principaf- amouht bf bonds, that \
may at any one time be outstanding. under the indenture and-supple-<
mental indenture shall hot exceed $100,000,000 as to all bonds of all;
year
CAPITALIZATION
cum.
161,33®
r
(no
may be issued; fronr time to time underHhe indenture and
supplemental indenture; subject to the terms and' restrictions ^thereof,'
i
•
Income
$107,065
424,576
2,119,629,
v ' 125,000 shs.
stock
stock
"Bonds
y
Inc. Taxes
Inc. Taxes
$1,150,432
mos.)___
Dec.
31,
preferred
Common
1S47
28,
(approx. li
mos.
end.
$100);
-
EARNINGS
li'.-
.
throughout' -'•the' .country;?/*" -'x; Pjeferred; itwk;.-' cumulgtiv^^ipur
located
are
1947
$132,643,598 $99,170,469
PURPOSE—Of
-
sions
.
For
amortization and depletion of V
PURPOSE—The
estimated v net
proceeds .will
be
approximately
tlnciudesamong' other f $246,500.- Company expects to apply such net proceeds to the foiThe United Corp. common stock .and -"140,000
lowing purposes:
tooling costs for
Inc.. common stock-.
I/Vf
ment. -including
automotive - equipment
things 665,700. shares of
1050.
Eight other bids,: ' t
They were:*
Bros., 100.9771-;: Halsey, Stuart & Co. Inc., 100.5899; White/
We'd & Co., 100.43109; Harriman Ripley & Cb;, Inc., 100.41 J The First'
Boston Corp., 100.38; Salomon Bros; & Hutzler, 100.352;\Glore, Forganl
& Co. and W. C. Langley Ac Co., 100.3029; Merrill Lynch, Pierce, Fenner <
& Beane, 100:109.
-manufactured.;
:
'
depreciation,
.
the
revenues
in 1946.
$30,547,403
v
the
10,471,323
ahd
the
company
Year end.
10,977,803
for
brake
Net Sales
388,181
J—22,700^644
reserves
with
Lehman
Other
*
/•'" -5%
"After
The
•
25,853,570
10,853,742
$33,832,100 inr 1947
^
^
tn
fcp . D6 lSSUCu DV tflC Gu&r&tlfcy TrilSt Co.
and sold at 99.20699 and accrued dividends"
procurement of certain equipment,—V. 167,
trustee*
as
each
Mioh.,'
Detroit,
bf
business
tractors."'- TThis
license.
SALES
506,156
543,928
25,853,570
_/
yqrk,
connection
...
Ford
20.000.000
Total
farm
2,200,954
V
19,019,000
—
New
-Funded -Debtr— y-\Authorized - '' Outstanding *•; '
has' recently commenced "production of a---related''■ .<-y
■
Authorized- '-Outstanding
"Sherman Step-Down
Transmission, '*
which ? win the
3'/4%, due . * '-w/v-'y ^
/
manufactured in limited 'qUantities'for installation in Ford'itractoi^,
'quantities
;/y *£h.',l, ,1970.
.
; V
$15*680,000 /
where multiple lower speeds are, required for-certain farm * operatkms.
lst_ mtge. bands,- series-r^ - SyB^ , due v
7.000,000 '/
J
The
products of the 'company are distributed" primarily - through.
—• /
*
3.500,000
—
—
the
in
.
3,500,000
656,483
___
•'
Ttenaming a 3ys%: coupon, were received at the sale.
lEsue Bas aw"rded Marcl1 2 t",s b14
l01m: E,ei
-
'
contingencies——
Minority Interests .in subsidiary company—
First preferred stock ($100 par value)
Common, stock <$5 par value)—____
trust! reltiffcft^q ^Ss
c_vi/_ r>
—
454,761
self-insurance, etc
enira'aed
67$,678
21,000
u—
in
left-hand
a
product,
V
.
.
-v..1
ing group comprised of Blyth & Co., Inc. and Stone &
Webster Securities -Corp. on March 5 offered at 101:467
and accrued interest $7,000*000 first^: mortgage bonds,
principal
tractor-operated farm machine shop known as the
artd
,3,256,065
1 Vz %. notes payable to bank due Dec. 1, 1949 5,000,000
20-yr. 3% .debents. payable:due July l, 1965
13,425,000
20-yr.: 2.8% debents. payable due July 1, 1967
9,550,000
Notes & contracts pay. due ser. 1949 to 1952451,989
Long-term debt-,of consolidated sub. companies:
mtge. nts. pay. to banks due ser. 1949-'57
xk % -nts. payable to banks due ;ser. i949-'53
is
exclusive
an
The
4%
ofl
$5,762,540 $52,236,691 .$48,352,501
tL
w«k
««
mentioned in
products include
"Sherman FarmCrafter'" and several accessories for old model Ford tractors, includ¬
ing a shock-proof steering wheel unit; a steering wheel extension
$5,128,943
*
3,830,713)
1,913,872)
owned)—
rnn
l<:<: Southwestern Gas.
for
Step-Up'Transmission-
(after deducting
notes
Other accrued .taxes, and wages, insurance, etc.
Long-term debt of St Regis Paper Co.:
i
'
$6,714,852
___—__
b*USwirCCrtIIica't0Si S^riCS
P.
incorporated in Michi
principal place of busi-V,
was
1946.
'company
under
a
—
Detroit,
of
Executive offices and
14 .Mile *Road. Royal Oak > Mich.
29,
installation
.
_
Bank
BUSINESS—Company,
.397,889
$7,353,538
payable
.long-?term debt payable in
dividend payable
of
Preferred
AND
3200 West
The
69,528
_$132,643,598 $99,170,469
_
oo
i^
'-s
53,845*366
297.101
—
&
National
agent,
March
ness,
102,935
w«k
;
r-
<par^t^mb
HISTORY
72,869,086
36.797
888,628
Non-current .receivables & insurance claims, etc.
Postwar refund
;___
'•Property...plant and. equipment
stents, pat, .rights, tradc-mks.,
Deferred charges
Th«
Qj
Proceeds1'
y
;
Bros.
common
selling
Transfer
gan
■
^
.
656.-
p.
of 150,000 shares-of• common stock
share by Stoetzer.Faulkner & Co. and Bennett,
Smith & Co. of Detroit,
Further details follow: * J
493,129
117.337
848,996
142,027
>>:
—
value
;■
Equipment Trust Certificates—
fiSfv
r%
167,
at $2 per
,
213,593
:
r-r/ *
-Gross earnings
ifiT
offering
18,040,788
2,5*9,386
132,671
5,070,627
$313,612
452,940
•
I
-
on„WaTP„,*
Sherman Products, Inc., Royal Oak, Mich.—Stock Of¬
fered—Mention was made in our issue of March 1 of the
8,517,274
12.648,495
27*509,577
;i-i
(net)
Inventories, at the lower of cost or market-—
'egging operations in progress—
-i
Due from subsidiary and affiliated companies—
investments, at cost or less
Deposits t and Advances under timber purchase
$528,376
^
charges
167, p. 889/ "
'
CONSOLIDATED BALANCE SHEET, DEC. 31
U.
2,640.112
264,455
;
-
4,322
nv.y-;
11,400 shares of
will
$3 218,179
3,010,012
——
.operating income^'__:
after
,
Tekas—Files with
Gas Corp., Dallas,
&
sec—
$3,222,501
Southern Ry.—Estimated Gross Earnings—
•
capital gains - dividend bf',23 cents.
a
1947
$3,958,276
V 6,354
i 413,534.
'
share,-
cents. per
17.
This
in
NOTE—The company's 1946 net income was exclusive of $1,500,000
on the sale of investments, which was credited" to con¬
was
>;Net
10-cent
orofit realized
tingency reserve. -There
previous year.
dividend of 10
of record -March
1948,
corre¬
$3,951;922
taxes
—V.
credit of
and • debt-retirement
tAftep ^.Canadian postwar refund of $16,216,
postwar refund of
"After
fliirf
and
$0.36 1
.v$0.45
;
expenses
Operating
payment cannot, be regarded as-a ^regular .rate which
will be paid each quarter,„ but the directors believe that this amount
could be paid in each of the first three^arterly periods*.this year.'?
The April 1 distribution is,
expected to be derived ffom' net current,
$1,853,514
362,584
v
424,900
-
share
torn,
per
$2,211,411
$5,563,604
859,321
1,292,678
dividends
Preferred
a
$1.83
1948
___
revenues
Operating
initiates the company's new policy - of -paying' dividends at quarterly
periods,
instead of • semi-annually^ as announced earlier - this year.- .
Distributions during 1947 were as'follows:. Juhe/*30,' :l9 cents; ahd'^.
The
Common dividends
1
declared,
$1.95
--
•
operating revenues—
Operating
storage.
have
revenues
Uncollectible
American Shares, Inc.—10-Cent Distribution
directors
v
'
Month of January— '
Operating
The .^ite
■The
$10,997,724 $10,860,47$
„
share__________.
947.
Southern New England Telephone Co^—Earnings—..
«
-
.
Net
..
_
and
la id.
Selected
Net income before deduct,
off ces
of
__
common
p.
sponding week last year, an increase of 4.2%.—V. 167, p. 1050.
The store is located on a SM^acre
Includes, a parking area and, a separate"
bu ldinp which is.Searis, Roebuck super-service station/ for automobile.
accessories.—V. ,167, p. 751.-
$5,584,649
1*250,000
*2,125,000
825,000
for-
eign takes
.
Insurance -company.
—„
Electric output of this company for the week ended Match 6,
totaled 2,481,000 kwh., as compared with 2,382,000 kwh. for the
opened for.business.last August.- The three-story and
contains
a
total of 45.000 square feet of floor;
first two floors for*sales activities and the third for
was
with the
space,
the
for
167,
$15,613,718 $15,569,V28
4,615,994- *4,709,350'
.j
deductions———
Southern Colorado Power Co.—Weekly Output-
,
store at 110 Free
structure
executive
$24,762,600 $10,106,988
Income
Gross
*■_
the
basement
,
-
—
—
1947
$139,944,090 $114,595,198
to The Mutual L'fe Insurance Co. of New
property has been leased back to the mail order house
for a long term, according to ;provisons of a sale-and-lease agree-,
ment announced on Feb. 26 by William G. Jones, Portland, Manager
for Scars, Roebuck, and Henry Verdelin, Vice-President, and Manager
and
2,946,798
$23,418,946 ,$8,663,543
1,343,654
1,443,445
Earned per
—V.
Portland, Maine,
Street,
117,498.839
___
Gr9"s income
Interest and other
1948
has sold its new; three-story retail
company
The store
Operating Income
Income credits
;
Sells, Then Leases Portland Store—
^
_
: •v
deductions for sinking
charged against income in
* *
be
to
purposes
1049.
_
$48,388,277
deprec'n_
fund
i
'
1946
before
Net income.
York
selling,
capital
Month of February—
Sales
This
$143,864,583 $82,782,186 $52,500,824
rentals
Cost
and
but
ICC
to
Sears, Roebuck & do.—February Sales Incr. 22.1%—
.
1944
1945
1946
1947
Net
funds
monthly
December.—V. 167, p.
YEARS ENDED DEC. 31
CONSOLIDATED, INCOME STATEMENT,
reported
In
9,342,962
depreciation—.—<
,
"As
placed
revenue
Provision
if
sinking funds and minimum
capital fund charges are<made against income
be
$80,267,983 $74,129,238
Operating expense and maintenance—34,294,027 ' 21,585,542
Provision for frequency change expense——:— > 12,000,000
11,000,006
Provision for Federal, taxes on income_i___u—
5,467,500
8,974,000
made
are
which
capacity,
Gross
maximum
.
charges'
—
generating
1,145,164
1,177,316
918,566.:
801,231
•
against
t>f
summary of 1947 operations compared with 1946 follows:
V "V' i"'' "•
•
r'1947
■
1,209 545 r-
1,264,796.
i__UI———__r_—J—_
all charges^———*-:—
permissible
kilowatts
operation in 1948 and 1949.
1948
1947 *
$11,773*604 $11,1,02,411
January—
railway operating revenues—i.—
railway operating income—
Total
Monday, March 15, 1948
299,000
RR.^-Earnings—
Month of
,
CHRONICLE
;
12/ jnpnths) fended- Oct.
31, 1947, company's entire operating
derived from- the, sale of electricity; •:At Oct.. 31. 1947, '
were
.
shares
of'Beauuit-Mills.
.
NEW
FINANCING-—-In January, 1948 the company sold $13,000,000
principal amount of 15-year 3 XA % debentures due Jan. 1, 1963 to a
r;roup of insurance .companies for cash at par.. Part of the proceeds
general working capital,
products, $5,000;
tr^al
.
was
used. to
retire' all
the
of
$5,000,000
notes
a
outstanding two-year 1%'%
< mortgage
notes of
payable of 'the company and $4,000,000 4%
consolidated subsidiary.—V. 167, p. 474.
The
to
amend the "company's
to March 17 (See
to vtime
time
js',',
o
.
.
/.'•
.
charter /has/been
V, 166, p. 2564,)j;-
.-phe
Salant,
Inc.-
-Registration Statement With-
registration
statement
(No.
6995)
covering.240,000.6hares of capital stock
30, 1948.—V. 167, p.. 656.
:
March
filed
28,
1947, and
(par $2) wa» withdrawn .Jan.
-
v/V/y'y
January—
1947
1948
Gross from railwayNet' from railway: v_y_
$267,452
6,836
?88.2C3
"113,718
"
Netyry. oper. income—_
\
y 1945
-1946
:
.$195,094
/10,091
$215,656
;.v 447,812
-
,
/.
1948'
Month of January—
Operating
revenues
Uncollectible
Operating
The
of' thfe electric
'
' y'
'the
company
Operating
Operating
_
taxes
assets: Of
$16,355,158 $13,991,768
' 13,645,361
12,053,626
1,601,090
1,243,273
revenues
expenses
,y
y* 60,149 - • y • 45,306-
revenues
___•
"48,670
"
Bonds Offered—Hal¬
C due 1978, 3%, at 101.39% and accrued interest.
The
bonds were awarded to the group March 9 on its bid of
100.8133.
proceeds from the sale of the bonds will be. used to retire
bank loans, the proceeds of which were-used to finance in
property expenditures
its facilities.—V. 167,
-
to
heretofore
p.
reimburse the company for certain
and for further -additions to
' "
made,
946.
Gross
California
Revenue
Sanitary Products Corp., Taneytown, Md.—Files with
SEC—
the
SEC
stock (no par),, to be offered at
$20 per share.
Underwriter, Jackson 6s Co., Boston. Proceeds will be
used for equipment and working capital.—V. 166, p. 1155.
Reports Gains in
—
—
Net
income
of the
company
-
a
letter
of
notification
Gas
and ,Oil
Delaware*
Co.,
>
•
for 1947,. after all operatingyfexpenses
taxes and frequency change expense* and after payment in
full of all dividends-on preferred stocks, was equivalent to $1.95 per
share for the common stock, compared with: $1:83,. per share in 1946,
company.
-.
with
* •
the
for
according .to an- announcement-March 3 by W. C. Mullendore, President
the
1928,* the company acquired from affiliated
.
including
of
and
.properties of. Central Power and-Light" Co." in' south- iv
properties of subsidiaries of - American; Public;':
Service Co.* in northeastern Texas and the properties of Southwest
/
Power Co. in northwestern- Arkansas';
Edrly iri -1928/ all the o 1 and
gas properties of the
companiT'in " Arkansas. Louisiana' and -Texas '
(including the gas properties at 'Beaumont andrShreveport) were sold T
:
:
the
Arkansas,
western
y
Central and'South West Corp:; is the-present (parent;
During 1926,, 1927
interests
Record $63,000,000
Plant Expansion Budget Bet for 1948—
.„
cash to-non-affiliated Interests.
At the fame time, the/company
acquired the electric properties in and near Bartlesville, Oklay and in
1930; these > electric - properties were- sold to - Public' < Service Co. of
Ok ahoma, am affiliated
company; In-' 1943, the company1 sold' its re.
Gross
revenue
than
more
16%
for
over
1947
the
amounted
preceding
to
$86,267,983,»an
vear.
,
Net
income
increase
amounted
•
of.
*
to
maining
$10,997,724, compared with $10,860,478 in 1946.
On
operations,. Mr. Mullendore said: "The
of $12,138,745, or. 16.4%, over
three times the previous average annual rate of
Commenting on the
growth in
remarkabe
company on Feb. 26 filed
for 11,250 shares of common
Edison €u.
arid Net Income
-
*
The
service; at'
"87,253
Southern
—
,
$228,753
•"13,080
sey, Stuart & Co. Inc. and associated underwriters on
March 11 offered $10,000,000 first mortgage bonds/series
part its construction program,
Caddo
whose successor,
San Diego Gas & Electric Co.
of
revenues
on ;June' 29,
1912.
acquired the propertied and f
Shreveport Ga:s*;.Electric: Light &
Power Co., and Texarkaha Gns & Electric Co; * The* propertiesthus
acquired were operated; without iSubstantial change; except ion normal !
addit'ons and extensions,'Until 1923.* in that year;.the.
company ae-'
quired .;from Beaumont Gas Light Co. the gas plant and distribution /
system in Beaumont. Texas; .and' from Gulf Cities Gas Co.. the .gas j
plants and' distr'biition : systems in aiid about B'Joxi. GUlfnort-. and <
1947
* $16,415,307 - $.14*037,074
-
operating
1
renders, electric
•MU
company was incorporated
in
after incorporation, -company
Shortly
"Deficit—V. 167, p. 751.
Net
"which
/retaiiis located in* 19- counties fn Texas, 3, parishes-in Lpuipianaand;
,13 counties in Arkansas, which .counties and^ parishes comprise an
area of, about 25,000 square miles, with an • estimated population - of
Southern Bell Telephone & Telegraph Co.—Earnings^
y'
San Antonio XJvalde & Gulf RR.—Earnings—-
certain
in
y
'
/
..--'r'".
-territory
400.000.
:
drawn—
The
from
p. 947.
167,
V.
Salant &
special, meeting
adjourned
accounted for about 26.41%
purposes
the company,
■
_
South Carolina Electric & GasCo*—'Meeting Adjourned
;
1946
is
more
than
gross
revenue
-
/
growth of the company, or. of; the industry.Revenue growth 'in: the
electric utility industry as a whole* Jn 1947. was).approximately 11.7% /'
The
company's plant budget for: 1948; ex?eedfe ahyrprevious ;year's
at $63,594,637, continuing the prograx^fjt»f plant, fexpan^
Jan.
the
in
year s
gas
properties.
24,
1944,
integration
March
1,
and
:
-
the SEC issued its findings/ opinion and order
proceedings instituted
by the1 Commission - on
The Middle West Corp. and its subsidiaries
against
16* 1945, and July 4; 1945; the Commission issued; further /
orders in these proceedings. The practical effect Of these-three orders,,
on
Effecting the company; was to require the
of
its
ice properties
company.to divest Jtsell :
The water property
and Hts one water property.
construction
sion
started
in
1946.
Currently, the compahy has Utfder constructiQn
,
-
' J,'*." f'.ii)
1)1
'
1
:
Feb.
1940,
aS
.
.
/
(Continued
on page.
56)^
,
Volume 167
Number 4681;
THE
v
COMMERCIAL
Record
&
FINANCIAL CHRONICLE
(1157)
New York Stock
«»
17
Exchange
DULY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
Ranee lor Previous
STOCKS
'
Tear 1947
Lowest
I per share
87%
Jun
5%
13 y* May
-
16 y8
2
Jan
8
11
6% Jan
Oct
45% Feb
11
52% Jan
Oct
14% Feb
Dec
Dec
43% Feb
Oct
28 Va Feb
13
Feb
•7 Va Feb
10
38%
Feb
22% Feb
20
Feb
101
Feb
14
3% Jan
31%
Jan
77
5%
Feb
1
102% Feb
27,
Admiral
Alabama
Alaska
Jan
5
Jan
20
Aldens
10
3% Jan
2
Feb
37
Feb
10
41% Jan
2
5%%
Nov
70% Jan
7
72% Mar 11
$2.50
Dec
Nov
48'/a
18
12%
202
May
36%
91
24% May
5% May
46
Oct
73
35
Mar
7
Chemical
Allied
Mills
Mar
8
33% Jan
Feb
11
31% Jan
25
89
5
33 Va Feb
11
39% Jan
25
92% Jan
25% Mar
5'/b Feb
8
30% Jan
6
6% Jan
9
Amalgamated
Apr
47
Feb
10
Dec
83% Feb
20
42
50
Mar 11
Apr
7% Jan
51% Jan
2
12
52
13
Mar
Jan
106% Jan
6
Jan
Amer
8
American Airlines
61% Mar
3
Jan
18% Mar
9
Jan
58 Va Feb
9
65
Feb
9% Mar
9
11% Jan
Feb
37% Mar
1
42% Jan
9
110%
3% May
7%
Dec
Nov
21% Jan
108
26
3% Feb
11
5
Mar
6%
Mar 10
4%
conv
196%
4% Jan
8
Amer Cable
76%. Feb
6
80% Jan
9
American
Sep
167% Feb
21
8
9
36
May
54%
Feb
38
Feb
11
175% Jan
43% Jan
94
May
115%
Jan
91
Mar
8
100 Ve Jan
21
20% May
105% July
7%
28 y4
Feb
18% Mar
5
22 % Jan
8
Amer
110
Feb
47%
Oct
56
Sep
26 »A
104 % Jan
Aug
19
Feb
43
28
106% Jan
50 % Jan
Dec
24
Feb
16
102
Mar
88
Dec
101%
48% July
118'A Oct
Dec
25% May
46
•3% May
13
16
6%
Jun
5
American
10
Dec
2
Dec
6%
115%
7'A
Dec
25%
101'A
July
42%
5% May
49
9%
Jan
55
22% July
6
22
17% Jan
2
American
Jan
5
2% Jan
2
Amer As
3
89 Va Jan
9
Jan
Jan
13
12
30%
Dec
116
13
11
6'A Feb
25
40
Jan
53
11
12
Jan
2
13% Jan
5
95% Feb 27
15% Jan 30
8
s
10.4% Jan
„
.
Lowest
Highest
Lowest
t per share
t per share
I per share
18 y4
Jun
8Q
Dec
7%
28%
...
Dec
t%
16
Dec
147
8% Dec
20
Jan
2
5
6% Feb
11
8% Jan
7
9
28 % Jan
2
July
24 % Mar
125% Mar
Feb
7
29
Feb
1
17
85
Mar 10
132
Jan
14
8% Jan
2
39%
Feb
7
Dec
16%
Feb
85
Dec
129%
Feb
81
11
95% Jan
Dec
117%
Feb
72% Feb 21
85% Jan
12 Va Feb
14% Jan
9
170
17
Dec
186
24% May
99
b\]
•
Oct
37%
165
Feb
Feb
-
Mar
25% Feb
13
3
11
Mar 10
e'% Jan
176
8
Jan
5
May
109%
Feb
90
Feb
9% Aug
15% May
.i.A 16%
Feb
10
Mar .9
22%
Feb
16% Feb
14
19
38% Feb
11
41% Mar
34
Jun
42%
Oct
48% May
70%
Dec
142
Dec
32
Dec
'136%
172
'
July
40
Dec
158
Jan
25% May
37
Jun
34
May
*116
"
18%
f
•
■
149%
•
47%
May
'
146%
Oct ;
20
133
5
2
Jan
9
34% Jan
9
American
18
Jan
21
19% Jan
12
148% Feb
13
153 % Jan
8
82%
Feb
59% Mar 12
68% Jan
5
Feb
60
69% Jan
5
Dec
'
163% July
•
7%
Dec
26%
Jan
90
60
50%
6
46% Feb
14
116% Mar
7
37% Mar
110%
Feb
95
Jun
103%
Feb
79
5% May
62
Feb
Oct
May
68%
Mar 12
136% Jan
.-Dec
120% Aug
8% Dec
10%
May
69%
30% May
42
Jan
6
Jan
-•
17
16
30% Feb
1110
38%
Dec
30
Feb
51
Jan
29
Mar
Jan
14%
Apr
9%
3%
30
Dec
Jun
Apr
111% Mar
-
98% Feb
58% July
46% Mar
24%
Dec
18 Vb Feb
16
Jan
6%
Oct
.
Feb
39%
For footnotes
see
Mar
60% Jan
8
13
Jan
5
44% Jan
99
31
Jan
x__
9
Dec
9
Jan
7%
Stove
$4
conv
Amer
*5
Zinc
prior
Anaconda
4
104 Va. Jan
3
11
Woolen
t
»A Jan
23% Jan
10
*
Jan.v
2
5--- Jan
34% Jan
$4
A
P
*5%
14%
*14%
16%
62
*88
-
Va
800
17%
700
*87 V4
..
*
90
250
*44%. 44%
*17Va
19
17
90
1,500
,
Xl7%
10
17
400
19 %
106%
90
100
10
"
35%
34%
35%
7,300
97 Va
97%
97%
97%
25%
1,700
25%
25%
5%
*5%
5%
14%
14%
14%
*16%
16%
16%
2 Vb
2Va
68%
*60
62%
*38
38%
5%
51
21%
6%
6%
*80
10%
*10%
11
10%
15%
*15
15%
15
95
*80
100
200
14%
14%
14%
16%
16%
16%
7%
38%
55 "/
*47
11
*14%
19%
100
54
300
•
217/a
8,800
*6 Vb
6%
300
*80
95
IOVB
IOVb
*14 Vb
15%
800
19%
19%
4,500
»
i
19%-
*94%
700
21%
15%
19%
1,300
v
95
♦IOVB
500
5%
5%
f
Va
*80
2,400
60%
38%
fV":
21%
v
7%
60
*50
6
6,700
1,300
*38
-
.
5%'
*6Vb
1,400
67%
7 VB
61%
38%
5%
1,000
>
2
67%
X21%
.1
.
2
67%
15
*94%
;'t
2 Vb
10%
Xl9 Va
19%
*96
95
900
5%
•303/4
•■'■i
5%
51
v
25%
*7
21%
52
25%
"5%
;
67%
38
5%
19%
2
7
62
■
:
69
7
95
98
45
18
7
*50
20%
19
*105 Va
68%
5%
.
19%
2%
38
5%
900
91%
14%
*59
38%
400
38 Va
16%
68%
67/a
7%:
171%
38 Va
105%
18%
*88 Va
4,100
34%
2
Lead
conv
100
*94%
600
100
100
Wire
A
Copper Mining
W Products
Co
—
7%
20
16%
24%
7%
7%
7%
24%
86%
86
75 %
75%
13%
13
13'A
*164%
167
12%
13
*164%
167
,
Q4
28
10%
17%
*17 Vb
17%
17 Va
41%
150%
r
141
32%
5 1
51
140%
*32%
135
*130
27 VB
27%
*22%
22%
19% V
37
'*36
r
122
*19 VB
33
150%
150%
62
62%
143
17%
*17 VB
41
*40
41
*40.
17%
41':
50
49
;
140 %
32%
22%
t
33%
*130
26%
26%
22%
19%
22%
19%
36%
36%
'
*118%
122
150%
19%
62%
61%
63
'61%
143%
51%
50%
51%
49%
*116%
117 MR
116%
7%
7%
7%
38%
38%
38%
97%
*78
84
*94
.
■*77
'
*6%
6%
*56
61%
.
6%
*56
7%
it
7 Yi
39
37%
22%
:
19%
.
.
'
*118%
120
*18%
19
150%
Xl48 Va
61%
61 %
143%
49
*116%
7%
7V4
61%.
61%
144
49%
117%
*94
*78%.
6%
6%
6%
61%
*56
61%
*56
6IV2
;
31%
96%
36%
*4
.
9%
4%
31
*8
4%
*29%
9%
4 \'a
30
*8
•
...
4%
30 Yt
29% y
101V2
47%
9%
4%
30 V*
2,200
8,600
'
143
49%
49
117 V4
*94
:
79
*
330
2,100
117%
170
*56
-
79
100
6%
1,100
61%
31
31%
10,800
37%
2 9'A
37
37%
3,230
29%
101%
48
48%
48%
48%
21%
21%
21%
21 Vb
29'A
96 Va
31%
;
-29
101
'
6%
61%
*100
-
X
>
6%
31
37
*30%
60 v4
60%
142%
*
80
*56
36 VB
*8
•
'
6%
31
21% / 21%
59%
CO
*'
7,200
82
22 VB
21,800
3,200
36%
21%
500
148%
7%
31%
22V4
18%
148%
38%
35%
22%
120
18%
7%
96 Vb
*46%
V
38 VB
*78.',
/
,
300
7%
*94
47
700
1,300
'
36%
38%
31
47
22%
; 19%
36%
>118 '
7 Va
31%
47%
2,200
38'/a
82
29
700
27%
7%
96%
*100
33
38 VB
*77'
30%
22 Va
*19
>;
117%
*94
101%
V
380
38
38
36 VB
29%
120
5,100
135
27'A
49
117%
35%
*100
32%
'*135
61%
143%
49
31%
31
100
40
49%
V
61%
60%
143
36%
101
3,100
142
148 VB
60
;
31%
.
230
40
139%
19%
36%
35%
*30%
.
>
23%
19%
5 J Va
.
82%
6 Vb
.
33%
23
10,000
49 »A
•
27%
96
6%
17%
' 135
27%
;
IOVb
*17%
140%
x33
♦130
26 VB
31%
•
.
150%
116%
*94
33%
93
IOVB
50%
18%
497/b
116%
2,700
28
92%
'
139%
135
27%
;
94
49%
140
120
,
51%
2,200
.8,600
>
28%
.
'-18%
62 Vi
116%
27%
*92%
50V4
*118%
■'
61%
■
144
277/b-
.37,
150%
142
:
*36%
*"
150%
•
.
86 Va
75%
'
X
19%
Xl421
27 V4
139
135
26 Va
18%
62%
•:
167
167
17 Va
150%
62%
143
*164 Va
3 64 %
86
'
*
19 VB
*62
13
17 Va
19 Va
62%/
123/4
,
10%
32%
•
167
13%
12%
IOVb
*130
123
•
*
10 VB
140
18,300
*-75%
94
49 ; V
7 % ;; 7VB '
t r
'.
75%
IOVB
20
*118%
19%
8
300
500
£6%
93%
*37
•
7%
IOVb
22%
*19%
'
*35%
r
-- •,
'
;• 19%
*119
-
..
10
7% "
32%'
75
27%
*40
-
2,300
•
86%
v
93%
27%
22%
*7%
1 *31%
17 Vb
-
10
500
24%
127
7%
32%
10
135
*27
;
1,200
.
8
24%
>125
127
26%
141
'
*164%
■":
24%
92%
;
■:
40%
50%
32%
*130
;
40%
!
51
141
•
V2;
:
75V4
12%13
'
*7%
7%
86 VA
;
87
32 V4
7% '
■75
Shares
16%
*85
'
7%
33
7V2
86 VB
76%
16%
<
3
*125
the Week
'
87
7%
Seles for
$ per share
16%
*85
.
127
32%
88
94%
«io
r ~
7%
32%
*87
101
No par
8%
7 Vb
32%
IOVB
r»0
Ine—II—II5
Archer-Daniels-Midland
'i:
*
7%
33
Friday
Mar. 12
Mar. 11
I per share
8 Va'
*125
X76%
-*47
Corp.
VB
24V»
24%:'
126
77% 3
.21%
Co_.
Oil
7%
:*32
M
'
24%
8
89
No par
Clayton
8%
27%
l
I
8%
126
93%
,_sq
com.
24%
10%
25
No par
*8
127
28%
5
Cable
Corp
24%
*125
95%
_ioo
'
8%
*94%
common—No par
A
*8
,
ilOVa
—25
Copper Mining—
85
Thursday
16%
85
85
28%
25
1
16 %
85
-
>
100
com
16
*83
*83
v.
w_ioo
Smelt
16
16%
'
common„14
preferred
j
13
.100
Inc^.
;
Mar. 10
$ per share
16%
*164% 167
.
No par.
:
Wednesday
Mar. 9
76%
common....100
—5
PRICES
$ per share
88%
;
/—25
Tobacco
SALE
Tuesday
Mar. 8
8 Va
*40%
l..100
HIGH
"
*
.
A
Monday
32%
7%
prior preference.. _No
par
Anderson-Prfchard
Andes
■; *25%
5%
90
Vs
17
17
S per share
24%
*32
No par
preferred
Anderson,
25V2
*5%
98
'
127
!*7%
•
———_^_100
Anchor Hock Glass
53
25%
5%
19%
8%
*24%
.100,
Co
Refg
8%
*125
No par
preferred
Anaconda
38'A Jan
9% Feb 10
4 Va Mar
38
9
■'V
,
—5;
No par
Foundries
Water Works Co
American
25%
10%
85
No par
preferred-:
6% preferred
^
American Viscose
Corp
5%
preferred
9
34% Jan
*83
No par
American Tel A Tel Co
American Tobacco common
Common class B
2
7% Jan
non-cum
preferred
American Sumatra
Am
25%
*15
17
_l-10
7%
9
90% Feb
64
9
2
119% Jan
28% Feb 14
page 28.
144
;
100
*16%
.100
+
Dec
Nov
46%
21
Feb
36%
Nov
5
Mar 12
35
101%
6
11
62% Jan
Apr
Mar
com
common^...
American Sugar
6
84%
Oct
Snuff
2
Apr
41 % May
Mill
preferred
V 39% Jan
Apr
135
conv
5
61 %
xll6%
Rolling
24% Jan
Jan
ii
t per share
No par
com
Stores
129
98
Mar. 6
.100
Steel
5
35 VB
97%
*80
Saturday
No par
American
13
95
*97
No par
American
34 Va Feb
>
No par
9
120 v Mar
34%
*88%
LOW AND
com
12
Feb
35%
98%
5%
15%
San'y
29% Jan
19% Mar 10
34%
98
60 %
20
No par
26% Jan
6%
35%
98%
17
6%
19%
Safety Razor
Seating Co
Amer Ship Building Co
Am Smelt A
Refg common
7 %preferred
26
88%
'
7,000
*91 Va
91
•44%
17
21%
com
27
Jan
*17%
1*17%
*6%
Light
27
140
18
19
200
4%
79%
'I 171 Va
91%
105%
45
17%
21%
preferred
American
106 Va
44 Va
6 %
15%
American
5
19%
105 %
Va
109%
79 Vb
173
l'1
*19%
*
45
51
11
39
92
500
3,400
4
79%
•171%
39 Vb
*105
4 Vb
:
70
10%
38 V4
38 V4
,
107
Va
79 VB
172
39
21%
1
preferred
4%%
19%
106 %
44%
4
79%
*91
6%
.1
American
62
^
-V
171 %
39
92
107
4
172
21%
*80
108
/. 4
78%
;
V
39
108
;
79
51
common
preferred
$5
9
56% Jan
151
$6
12
.Jan
As
Feb
Dec
Feb
Jan
12 JA Jan
39
6%
100
22 % Mar 12
Oct
174%
13
101
38%
*38%
55
Co of 111
Fdy Co
Amer Rad As St
American
*10
21%
,
25% Feb
'
Jun
11
Mar 10
31% Feb
28% July
29% Jan
21
4
139
Feb
23% Jun
.
46% Feb
Mar
17
Power
7%
10%
*6%
par
27
32 % Jan
*J7/b
21%
3.90% cum preferred
.100
Amer Machine As Metals
No par
American Metals Co Ltd com_No
par
6*
preferred
.100
American Molasses Co
—1
American News Co_.
No
Amer
10
19%
*38
5%
*50
19 %
65
10
4%
39
69%
60%
*19%
*64
*105%
7
60
19%
65
STOCKS
Amer Mach A
9
Feb
11% May 4
33
*•
38%; 'V;
5%
Par
12
76%
Feb. 10
6% Feb 28
»
.
31,400
2,600
1,800
19
105 %
69%
7%
•62
.
*38
EXCHANGE
79% Feb
14%
28% May
9
62
„
700
8%
10
*89%
;
61
700
42%
"
65
110
2%
90
.
8%
19
4
16%Vv
*.
65
19%
2
89%
42
8%
*C0
50
19
1
*
$ per share
Feb
32% July
■
Mar
■:
1
NEW YORK STOCK
Highest
60 Va
.
65
No par
;
Locomotive
60%
.
19
39%
*16%
.
2Va
5 V4
*47
67
14%
,
.
1,400'
5%
89%
35%
98%
71%
7%
^..10
com
preferred
\
Jan
,15%
x25% May
127
101
Sep
:
:
50
common
American Investment
American
2Vsi
70
preferred
100
American International
Corp.No par
12
Range since Jan. 1
16%
-
..
300
5%
51%
,
42%
*5%
14%
16%
40c
non-cum
t
i
*14%
conv
Range for Previous
Year 1947
No par
26%
8%
18%
"
26%
42
88%
26%.;-'/::
26%
89%
17%
.34%;:;;;
98%
800
*25%
?%
*17%
90
4,100
*46
60%
171%
6,700
,.
28
89 V*
*106
45
35%
28
88
43
91%
44%
700
400
'
8%
78%
500
28%
84%
88
*88%
38
'
18%
28 Vn
35
'■:
28
*41%
38
;
600
2,200
88
8C
5%
8%
4%
10
84%
35%
'27%
51%
.
8%
9%
172%'
105%
*
-
■
173%
*18%
w
£5
88
19
/
5%
Co
Ice
6%
:r
.,
*5%
No par
*47
39%
106 %
25%
26%
5%
91
18%
17%
No par
SS
Hide St Leather
American
13
22% Jan
*17
__No par
American
Jan
x19Vb Mar 10
Jan
*17%
No par
5
7% Jan
18%
1
com
6
24% Jan
y
10
preferredHome Products
92
•
91%
18%
200
2,900
75
*9%
43
%
*65
79%
170
39%'
45
Export Lines Inc
Foreign Power
American Hawaiian
13
172
34%
*25%
50
;
18%
1
107%
4%
79
<"90%
*88 VB
87'/a
59i%
60
*105%
4%
79%
*97%
American
Jan
-
107
preferred series A.100
Co
20
preferred
6%
60
v
25%
173
28%
*
34 Va
35 Va
.
8%
38%
;
85
87 Va
5%
88
42
8%
37%
100
$7 2nd preferred A_:
$6 preferred
:
5
V
.
90
43%
38%
39%
J8%
26%
*47
8%
■
73%
25%
10
*84
7,700
4,600
*71 Va
174%
*28
,
34%
5%
10%
*170%
*83
34%
87%
*25
51%
10%
j
85
34%
87%
-
43%
10
Encaustic Tiling
European Secur
'
5%
*88
'
*44%
com
*83
.,
25%
11
Distilling
7.
Jan
83%
35 Vb
*10'/a
100
19
30
2%
40
*90
'
87%
*46
8%
4VB
*18%
30
2,000
2,200
•
79
2%
39%
72%
500
3%
17
*76
95
*9%
28%
19%
*79
19
3%
26%
200
105
167/B
O
173
28
65
*105Va
10
9,700
A".
79
25%
172%
27%
19
38%
*9%
171
28
*5%
60%
10
5
7% Jan
10% Feb
Nov
Feb
8
10
Feb
$7
12
20% Feb
Oct
14 y2
May
18% May
102
8% Jan
77% Jan
20
92
American
American
4
5% Feb
50
15
31
Jan
4
Mar
37% Jan
Oct
6% Jan
16
Co
9%
171%
500
22 7/b
*101
?
72
28
25%
90%
-
9%
-171%
:
7%
22%
40%
*90
-
—100
Cyanamid
74%
95
32%
7%
3%
39 7/B
25%%.
25%
*90
27%
34%
:
No par
com
*71
•>
25%
95
15 Vb
44
16%
2VB
28
*86%
18%
106%
Colortype Co_
conv
Jan
6% Mar
106% Mar
9% May
3 % %
American
2
55
Apr
10 lA
Apr
2
12
2
Jun
x34'A
May
90
Jan
30 Va Jan
American
24
,
65 % Mar
Feb
37
106
2
Jan
Feb
Dec
11
4% %
16
Jan
74%
40% Jan
26 1
Feb
5
Feb
Dec
10
5
83%
"
43%
1
%
18%
65
No par
Co..£
75'
3
40%
27%
19%
No par
preferred
Chicle
27/b
39%
15'A
;
3%
•
*76
28%
65%
1
Inc
2%
23
101
49%
32%
:
16%
:
;
16%
79
1,800
1,400
2,400
44
•
7%
101
.
27%
19%
100
Cable
16%
*76
39%
*90
19
28
51%
60
25
__
Crystal SOgar
prior preferred
14% Feb
17% July
20% July
86
88% Jan
19
*63%
Corp
common..;
American
94 % Feb
Feb
conv
19% Jan
25
Jan
5%
American
19% Jan
5
33% Feb
Radio
Chain As
r
8%
100
preferred
4
Jan
38%
As
Can
3%
-
V "27%
5%
,
x25
:
9%
.
26%
/
*89
No par
com
16%
2%
172%
83 Va
:
95
10
preferred
13
Feb
Dec
19 Vb
28%
*42%.
1
American Car As Fdry com
13
16% Feb
18%
7%
15
24
Feb
88
*40
100
preferred
103%
3%'
•
78
39
26%
50
Bosch Corp
Brake Shoe Co
*101
4
*71
9%
35
Corp__
No par ,
Chemical_No par »
1
1 ;
preferred
103 7b
*"•
88
50
American
Amer
2 6%
;
28%
34%
*5%
preferred
22%
2%
171%
;
*83
•
common
conv
23%
16%
'
75
*90
;
.
•'
-
*25%
American Bank Note common
8
23
*86%
:
.
103% Feb
Feb
cum
Mar
99
Dec
3%%
12
50
Agricultural
X7%
3%
39%
9%
*18%
1
corn
preferred-.
Petroleum
9
8% Mar
17%
Dec
convertible
6%
Amerada
Co
2%
175
No par
Leather
•7%
77
39 %
27%
9%
100
Alpha Portland Cement
20
7%
'
*71
15'A
32%
22 Va
20
5
*43 %
45 Vb
*52
7%
*98
16%
95
15 Va
*44
i,7or
90
4%
45
Shares
63 Va
*75
32%
23%
3%
80
*27
*172
...
preferred
103 %
68
48%
7%
*77
3
15 Vb
45
the Week
'
xN
5
48
22%
23%
Xl6%
*90
(
conv
8
5
Sales for
$ per share
90
5
*32
r
CD CO
*75
48%
15 Vb
45
32 Va
16% >
,*28
cum
15%
*44
80
40
-
3%%
15%
4%
48%
-
•
—.No par
—
4%
*32
3%
75
1
8
Feb
Inc.)
preferred
*98
3%
3
-5
Co
103 7/b
*39%
1
4%
15%
68 Va
90
49%
,
31%
*7%
23%
.
4%
49
Friday
Mar. 12
Mar. 11
S per share.
68
*75
45
31%
8
*71
,,
100
Allis-Chalmers Mfg common ..No par
5
86
Dec
*'
..No par
Allied Stores Corp common!
"'
12
*44
23%
3%
No par
9
Jan
85
67 Vb
'
1
:—100
Dye
45
*77
>
28
25
83% Feb
Oct
As
15 Vb
,
-31%
16%
,
preferred.No par
Kid Co
77%
May
75'A
Allied
Allied
2
5
31
May
166
5
30
Feb
80
20% May
65% Dec
107%
Jan
21% Jan
Jan
11%
Dec
36
190
9
■
50%
Dec
9
.3
107,
34% May
50%
Mar
Mar
'
:
Allegheny Ludlum Steel Corp.No par
Allegheny A West Ry 6gtd.100
Allen Industries Inc.1
Jan
51
;
5
90
,11
15 Va
68 >A-
80
50
*98
n-—5
common—,—
4Vb
*49 %
23%
100
conv
2
8y4
Jan
Thursday
10
$ per share
68%
80
.-49'A
*7%
-
10
preferred A
prior
18% Mar
39% Mar
99'A
30% Jan
Allegheny Corp
11
X171
105% July
42% Oct
Jun
28
Mar
8% Feb
Feb
Dec
•
30% May
-
Nov
Jan
90
<
247/b Feb
90
Nov
22%
29% May
30
Feb
Apr
104
10ya .Dec
164
May
Mar
$ per share
,
5
>31 %
100
common...
*75
,
69
-5Vb
*44
-
—No par
Mining
*68%
,
49
-
1
Gold
r
15
—
No par
preferred
44
27Va
Wednesday
Mar. 9
S per share
80
5 Vb
Corp__10
Inc
69
*75
.
1
Vicksburg Ry
Inc
4V4f
76%
90%
>
As
68%.
.
-2.50
10
Juneau
56
Jan
Tuesday
Mar. 8
A per share
.
.
No par
Co.
Corp
Air Reduction
*
i.
No paj
com
Adams-Millis Corp.—
Addressograph-Muitigraph
^
-
24
80
Motors
.Par
,
Adams Express
25 % May
*
Monday
Mar. (1
,-v
.
Steel Co
Acme
8
21.
9
27/a Feb
Jan
4% Feb
26
Mar
ACF-Brill
21
26%
15
14% Feb
Aug
9
l
■
Abraham Ac Straus—...
k
27'
Jan
8% Feb
•.
.
2
46% Jan
36
Mar 11
102%
•
17 Vb Jan
11
Jan
2% May
Saturday\
EXCHANGE
V
.
Abbott Laboratories
-
5
6%
,
'v.
) 9
Dec
75
90
4% Feb
112
>
share
79%.Jan
6
10%
Nov
3%
13
Feb
40 %
Dec
100
80
$ per
Feb
55
May
May
25 %
66% Feb
July
18%
30y2 May
6
f per share
60
Apr
38
■
10%
Dec
43%
NEW YORK STOCK
Highest
'
Jan
110
Range since Jan. 1
Lowest
S per share
66% May
90
,
Highest
t
29 Va
*101
101
29%
47% i 49"
-
21%
1,700
102 Va
21%
*8
9%
*8%
9%
*8%
4%
*4%
29%
4%
*4
4%
1.900
4,300
9%
*4
40
.
29%
29%
29 %
*29
29%
200
500
(1158)
18
THE COMMERCIAL & FINANCIAL
■
.
NEW
130%
Tiln
Dec
Ql%
3
/4
55
110
Jan
Jan
Jan
Jan
2
Mar 12
Jan
5
Feb 11
Mar 3
102%
28%
97%
101%
Jan
Jan
Jan
Jan
Jan
17
12
12
5
12
104% Mar
14
Feb
Feb
Feb
Feb
Sep
Jan
Feb
12% Mar 12
13
Mar 8
Mnv
17%
iq%
nee
20%
qq
Dec
132%
qq
Der
134
ok
Dec
34
fifi
Mav
99
yqfl
Dee
112
inv
Armour «fe Co of Illinois com—__5
$6 cony prior preferred
No par
Armstrong Cork Co com
No par
$3.75 preferred—J
No par
Feb 9
Jan 5
Jan 29
100" Feb 16
14%
15%
15%
108
Feb
j7i?
Feb
94
26
84
96
Par
.
Monday
99
47%
*92%
■
107
$4 cum preferred conv—No par
Arnold Constable Corp
5
Artloom Corp. ——_No par
*14%
13%
13%
*103
97
Associated Dry Goods common—_1
6% 1st preferred
100
7% 2d preferred
100
Associates Investment Co
10
Atch Topeka & Santa Fe corn—100
5% non-cum preferred——_100
27%
90%
96%
15%
10
10% May
18% Feb
,14% Feb 11
17.
Jan
2
A T F Inc
40% Mav
59
34%
Feb
Feb
Mar
Dec
Feb 24
25% Jan 6
68" Jan 22
30
Feb 21
50% Jan
2
47% Mar
78% Mar
38'/2 Jan
107% Jan
97
Jan
1
5
2
13
6
22% Jan
2
38% Mar 8
Atlantic Coast Line RR
No par
*46
Atl G & W I SS Lines common—1
40%
5% non-cum preferred
T_100
*78
Atlantic Refining common
25
31%
47c conv preferred series A__100
*104
Preferred $3.75 series B
100
*96
Atlas Corp
5
20%
Atlas Powder common.——No par
61%
4% conv preferred—
100
*108
Atlas Tack Corp
—No par
*21
Austin Nichols common
No par
6%
Conv prior pfd ($1.20)
No par - -*13
Autocar Co
1
5c
*14%
Automatic Canteen Co of Amer—5
*17%
Avco. Mfg Corp (The) common
3
5
$2.25 conv preferred
No par
*37%
14% Jan 10
15% Jan 9
13% Jan 2
20%. Jan 5
16% Mar 3
64% Mar 4
51% Jan 10 %
24% Jan 9 44% Jan 5 37% Jan 2
11% Mar 12.
23% Jan 2
Babbitt (B T) Inc
1
Baldwin Locomotive Works
13
Baltimore <fc Ohio common
100
4%, non-cum preferred——100
Bangor & Aroostook common
50
Conv. 5% preferred—
100
Barber Asphalt Corp (Delaware)_10 . ,
Barker Brothers common
10
4%% preferred
-——50
Barnsdall Oil Co—
5
Bath Iron Works Corp
1 '
Bayuk Cigars Inc..1
No par
27%
Jun
62
Jan
31%
Anr
ins'
Dec
40
113%
Nov
91
77'
Anr
57
Dec
22% Mar
5% Mav
13
Dec
17%
Dec
15%
Sep
Dec
4% Mav
91
20
36%
Dec
13
Dec
16
13%
Dec
24%
16%
25%
16%
v'
7% Mav
11% May
,
9% May
55%
28%
54%
39%
19%
24%
62
110%
20%
108%
12
Dec
20%
Apr
8%
Dec
18
Jun
35%
Dec
83%
Dec
17%
Dec
96%
Dec
5% May
V
13%
16%
4%
35%
*V 30% Jun
'
39% Mar
18% Oct
18% Jan
24% Jan
106% Aug
39%'Feb
25% Nov
28% Jan
1031/2 Feb
35% Jan
32% Oct
12% May
10% May
16% May
95
Dec
28
May
17%
Sep
21% May
771/2
Dec
24%
Dec
19%
Apr
133%
13%
Feb 13
Feb 2
16% Mar 10
'92 "
8V4
30
32%
14%
15%
18%
94 -
Dec
Range for
Mar .4
Jan 2
Feb 11
Feb 5
16
11"
.
(
30% Feb
27
25
59
"May
14
'
28%May
14% May
29% Nov
89
Dec
45%
Dec
'
,116
Jan
32
May
Jan
35% Feb
49% Jan
55
Oct
102 ; Sep
6V8 .Feb
39% Feb
7
Dec
13% Feb
81
Dec
96
May
25
38% May
37% May
88%
Dec
3% May
67
Jan
30%
Nov
90
Dee
15%
Dec
25%
Jun
18% Feb
40% Feb
31% Feb
63
Jan
109% Apr
28% Feb
36%. Jan
95
Dec
106%
20%
Dec
9%
30
Dec
May
23% May
.
,
13% May
120
Jan
9
May
69
Dec
25% May
Dec
80
14% May
26
May
14
May
80
Dec
80
May
84
Jun
12% May
6
May
72
Jun
11
Dec
79
Dec
3
Dec
v
13% May
94% May
19
May
Apr
27% Feb
20% Nov
Dec
14% Feb
86% Feb
37% Nov
125
Apr
102%
23% Feb
38% Feb
22% Feb
104% Feb
100
Mar
95%
Jan
16% Oct
10
Dec
Jan
24% Feb
88
108% Jan
6
Feb
22% Oct
104
Jan
27% Oct
24%
Apr
34% Dec
51%
Dec
1%
Dec
x55
Jan
3% Feb
6% May
21% May
12% May
Dec
110
Dec
38
Dec
18
9% May
33%
11
50
Nov
Apr
May
8% Feb
34% Oct
17% Feb
132
Jan 30
35
137% Jan 9
62% Jan 8
14% Jan 14
'
T Feb
48%
Feb'
25%
Feb
15% Feb
47%
Dec
14% Feb
57% Feb
28
Feb 11
xl3
Feb 11
23
Feb 27
15
Feb 11
33
Feb 25 '
21% Feb 10
29% Mar 12
78% Mar 11'
.41% Mar 2
20'/« Mar 4
38
Feb 24
42% Feb 11
88
Jan
2
.
3% Feb'16
34
Mar
7VaJan
63
Mar
' 9% Mar
28% Feb
25% Feb
28% Mar
93'% Feb
16
Mar
27
Feb
90% Feb
17% Feb
6
11
11
10
5
9
26
13
16
T6% Feb lt>
122% Jan
8
Feb
66% Feb
x32% Feb
83
Jan
15% Mar
29% Feb
16% Feb
84
Jan
124
G
88
38
11
50
Feb
13
Jan
35% Jan
21% Jan
88
Jan
89% Jan
88.
Jan
14% Jan
10% Jan
'Jan
12% Jan
89
Jan
3% Jan
86
20% Jan
Feb
Jan
104
28
33%
53%
2%
:7%
30%
12
11
3
Bucyrus-Erie Co common
1% preferred
5
l'OO
Budd (The) Co common
No par
$5 preferred
No par
Buffalo Forge Co
1
4
Buff Niag El Corp 3.60% pfd__100
7
Bullard Co
No par
6
Bulova Watch Co Inc
5
5
Burlington Mills Corp common—1
13
4% preferred
100
9 "
3%% conv 2nd preferred
100
6
3%% preferred —;
100
2
Burroughs Adding Machine.-No par
15
Bush Terminal
—
1
30; Bush Term Bldg 7% preferred^.100
5
Butler Bros common
15
9
4%% preferred
100
7
Butte Copper & Zinc
;_5
9
Byers Co (A M) common—No par
,3
7% participating preferred—100,
,2
Byr«n Jackson Co—
No par
11
16
15
115%
41
18%
Jan 13
Feb 11
Mai-12
Mar 4
Mar 1
Feb 13
Feb 25
Feb
Jan
Mar
Jan
12V4Jan
44% Jan
12% Jan
55
Feb
,
,
Jan 2
Feb 18
Jan
Jan
Jan
xll%
*96%
47%
; 92%'
106%:
11%
97%
48
92%
107%-t
13
,.,13%
104
*94
*27%
90%
96%
2
2
5
9
2
8
6'
2
2
6
6
....
>
-v--
;
?, •
17% 17%
17%
*123% 125
*123%
8%
9%
8%
68% 68%
68%
32%. 33 32%
*87% 89%
*87%
16% 16%'-.'" 15%
31% 32
31%
17% 17% "
17
*84% 85%• *84
*79
82%
*78%
82
*78
83%
*78
12%
12% 13%
12%
8
.7%
7%
7'%
85
84% " 84%
84
10%
*10% 10% ~
1C%
81
*78
81
*78
3%
3
3%
. *3
18
*17
17% ' • 16%
101%
*100% 101%
100%
26%^
*26% 26%
v 26
17%
*78
12%
*7%
*84%
10%
*78
3%
*17%
*100%
26%
8%
68%
32%
89%
15%
31%
17%
85
86
82%
83%
13
7%
*28%
*52%
1%
29%
54
1%
*90%
*18%
17%
*123%
8%
68
32%
*87%
*15%
31%
17%
17%
125
....
84
10%
81
3%
17
100%
26%
*29% 29%
- *28% 29
*52'% . 54
.
*52% 54
/
1%
l7i» . 1%
1%
6%
6%
6% •« fi6% 6%
*26 " 26% '
26
26% " - 25% 25% "
14% ~ 14% 14
14
■ '13% 13%
*112% 114
*112
113
lf.-lU% 112%
, *40%
41
/
40% 41
*41
42'%
*15% ,16% .; *15% ,16^ v. *15% 16%
10
10% ' .
10 , 10'%
10
10y8
'39% 39%"
*29% • 40%
x39% 39% *
*liy8 12
' *11% 12
*11
12
*49
51
*49
51
*49
51
' '
" "
""" """ ""
*
California Packing common—No par
5% preferred
—50
Callahan Zinc-Lead
1
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy—No par
Can Dry Ginger Ale com_.„1.662/3
$4.25 conv preferred
_No par
Canada Southern Ry Co
100
Canadian Breweries Ltd
No par
Canadian Pacific "Ry
:
25
Cannon Mills
—No par
Capital Admin class A common—1
$3 preferred A
10
...
17%
*123% 125
9
9
*68% 69%
*32
33
*87% 89%
16% 16%
*31% 31%
17% 17%
83% 83 %
*80
83
16
*27%
*78%
*78
,
12%
7%
9%
28%
26%
29'%
95%
16
28%
91%
19%
18
125
8%
68
32%
89
16V8
31%
17%
85
82%
83
12%
7%
*82 ' 84
10% 10%
80
80
*3
3%
17% 17%
100% 100%
*25% 26%
28% 28%
?52% 54
1%
1%
6% 6%
26
26
13% 14
111% 111%
*41
42V2
*15% 16%
10
10%
*39
39%
*11
12
*49% 51
the Week
11% 11%
9,100
*96% 97
400
47
47%.
2,800
*92% 92%
590
107%'107%'?
1,130'
14
13
*
*14
14%
*14 14%
500
13% 13%
12% .13%
5.200
. 10% 10% -v' 10% 10% -'- iv 13,800
17
17%
17 17%
3,100 15% 16
15% 15%
1,400
*61
62%
*61 63 , >• ...» 90 ...
43
43 : " 42% 42%
500 ■
22 ; 22
*21% 22% ;
400
39
39
*38 40
100
.34% 34%
34% 34% • 2,700'-''
/ 10% 11%
10% 11%
6,500
19% 19%
19y4. 19%
1,200
*35
35%
' 35
35
> 400
*86% 89
*86% -87
10 '
16% . 16%
*16% 16%
700 *
*88
91
*88 91; "i-.t
10% 10%.
10% 10%
2,300
*29% 31%
.*29%- 31%
—
34
34
34«/4 34y2
1,200 i
15
15% :
15% ~15%■ 700
18% 18V4 • • r 18
18' - :
1,900
*19
19%
;*19
19%
1,100'
*93
94% •
*93 94%
—
28% 29
28% 28%
16,500
v 19% 19%
19 19% •. 11,100
*24
24%
24% 24%
700
x86
86
*85 87%
. 200
24
24 '
24'/4 24'/4
600
28
28%
28 28 "V. 26,600
2,500
31
31%
30% 31%
*125 , 130 >
*125 ' 130
: 200
58% 58'/2
*58
58%
400
*12% 13
12% 12% -.; / 700
$ per share
"28
28%
*13% 13%
23% 24%
15% 15%
*32% 34%
25'/8 26»/a
30% 30%
79
79.
44 : 45
20% 20'/2
38% 39
46% 46%
*88'% 90
*3'% 3% ;
*34 • 34%
7% 8
*58
64%
Sales for
Friday
Mar. IS
-.1 $ per share r < Shares
**14 ,;.14%
500
12% 13
1,400
13'% 13%
2,500
103% 104
160 L
94 94 • >
60 .
28% 28%
1,300
91% 94%
6.800
97
97
'1800
15% 15%
14% • 15
2,400 •)
46% 47
46% 46%
2,100
34% 36% •
35% '38%
2,900
*77
81
78% .,78%
" 100
30% 30%
30'% 31 Vb
4,500
104% 105 !
*105 106
490
95
95%
95
95
310
20
20%
20% : 20% " 1,600
61% 62
61
61%
570
*108:. 109
108 ' 108 •
40 "
*19% 22
*19% 22
—
5% , 6.
5% 5%
900
13% 13%
*13
13%
100
*14% 14%
14 ' - 14%
1,300
17
17
16% >1672 «
500
5
5% , 5
5%
11,600
*37 37%
37 - 37%
3,100
15
LOW AND HIGH SALE PRICES
Wednesday
Mar. 10 '
9%
28%
26%
28%
*93%
,
.
13%
104
96
28%
91%
97%
.
.>14
.>13% 14%
12% ,l3ya
.
5
74
Jan 14
36% Jan 2
Feb 13
5
Jan
Mar
Feb
Feb
Jan
5,
Mar
10% Jan
.
,28
52
1%
6%
24%
13%
108%
.38%
15%
10 -
-.<
STOCKS
19% Jan
6
20
28
13
8
14
11
5
79% Feb 26
81% Feb 10
12% Feb 13
7% Mar 9
:80
Mar 12
10% Mar 3
78 " Mar 12
3
Jan 20.
16% Feb 13
98% Jan-15
23% Feb 11
For footnotes see page 28.
6
8
12
Mar. II
$.per share
x
Saturday
Monday
,
Tuesday
Mar. 6
Mar. 8
Mar. J)
v
$ per share
* Par
$ per share
$ per share
$ per share 31
Jan 7
Black & Decker Mfg Co.—No par
*2»% 29
*28% 29
28% 28%
15% Jan 9
Blaw-Knox Co
—^
No par i. *13% 13%
13% 13%
13y0 13%
29% Jan 5
Bliss (E W) CO—
1
*23% 24%
24% 24%
23% 23%
17% Jan 5
Bliss & Laughlin Iric—
2.50 ,
*15% 16
*15% 16
15y2, 15%
37- Jan' 7
Bloomingdale Brothers
No par .
*34
34%
*33
34%
33 . \ 33 .. . 27
Mar 11
Boeing Airplane Co—
5 '
25% 26%/' ' 25% 26% / 25%./ 26
33% Jan 30
Bohn. Aluminum & Brass—
5
" 30% 30%
31
31
30% 31
96
Jan 12
Bon Ami Co class A
No par
*81
83
' -*81
83
81
81
51
Jan 19
Class B
No par
43
43
42% 42% .
43% 44
26% Jan 5
Bond Stores Inc.—
u.
1
20% 20%
20ya 20% ? ; 20% 20'/4
41% Jan 17
Borden Co (The)
,
—15
38% 38%
39
39'%
38% 39
54% Jan 5
Borg-Warner Corp common
5
*46% 47
46% 46%. , ' - 45% 46
91
Feb 2
3%% cum preferred
—
100
*88% 90
*88% 90
*88% ".90
4% Jan 5
Boston & Maine RR (assented)_100
- 3%
3% , , 3% ', 3%
V- 3%/; 3%
36% Feb 6
Bower Roller Bearing Co
5
34
34
,
*34
35%
*34 ' 35
8% Mar 1
Braniff Airways Inc
2.50
■
8
' 8%
8%
8%
8
8
71
Feb 10
Brewing Corp of America
15
*58
65
*58
65
*58
65
11% Feb 2
Bridgeport Brass Co.—
-No par
9%
9%
9% 9%
9% 9%
33% Jan 9
Briggs Manufacturing
No par
28% 28%
28% 28%
28% 28%
25% Jan 2 ■ Briggs & Stratton
No par
- *26% 26%
*26% 26% ' *'*26% 26%
37
Jan 6. Bristol-Myers Co common
2.50
*29% 30%
29
30
29
29
96% Jan 30
3%% preferred
;
100
*93% 95
*93% 95
*93% 95%
18% Jan 9
Brooklyn Union Gas
No par
*16% 16%
16% 16%
16
16%
.32
Jan 14
Brown Shoe Co Inc common
15
*27% 28%
*27% 28% *27% 28%
94
Feb 5
$3.60 preferred
*
No par
• *90
91%
*90
91%
*90
91%
21% Jan 5
Brunswick-Balke-Collender „No par
19
19%
19% 19%
19% 19%
$ per share
Thursday
,
,' ,v 10% >11 -r'A >. >■;' 10%
EXCHANGE
Highest
Lowest
'
14%
13%
10%
17%
16
16
*62
63
43
43
*22
22%
*38 . 39
35 ' 35%
9% 9%
*20>/8 20%
14%
13%
10%
17%
NEW YORK STOCK
Range since Jan. 1
Jan
Feb
Nov
Dec
July
Oct
Feb
36
x20%
35ya
18%
41%
24%
May
18y2 May
T
26% Jan 9
31
Jan 9
V
Previous
$ per share
12y2 May
,
128
Feb 16
53% Jan 23
12
Feb 28
Highest
;$ per share
20
6
11
11
20
80
Jan 6
23% Feb 14
25 , Feb 17
Year 1947
Lowest
Jan 7
Jan 8
Feb 9
Jan 9
Jan 29
Jan 12
Jan 5
16% Jan <5
18% Mar 3
24'/4 Jan 2
94% Feb 3
31
Jan 8
21% Jan 2
24% Jan 5
87% Mar 10
. Mar. 10
* $ per-share
11% 12%
11% 12 '
' 11% 12
99
*97
9814
97
97
9614 95%
47%
46% 46%
46% 46% - 4314 ' 48
93
*92%. 92%-92 ' ■ ■ 92%; "• ». £2%.: 92%"
107
106% ,107
106% 106%
106 . 106%
14%
14% 14%
*14% 14%
14'/8 14% '
13%
*13% 13%
12% 13%
12% 12%
13%
13 ,,13V*
13
13
.,..;13
13%
105
104 106
104 104
103 103
97
96% 96%
*95 - 96
95, 95
27%
28
28 " ' 27% 27%
27% 27%
90%
90
90% ; "• 89% 90
•
90. 1 90%
97
97% 97%
97% 97% - ■• . 97 ' 97%
15%
15% 15%
14% 15
.14% 14%
47
46
43
46
46
46% 46% 40%
40
41 >
39
40
37
38%
80
*77 . 80 ' ,. *77
81
*77
81
31%
30% 31% • .30% , 30%
30V8 30%
105%
105 105% '." 104% 105%
104% 104%
96%
93
97
*26
96%
95
96%
20%
*20%20%,
20% 20%
20
20
61%
61% v 61%
61% 62
62* 62
llo
*108 111 J
*108 111
*108 111
25
*20
24% ' *20
24%
*19% 22
6%»
*6
6%
*5% 6 , '
*5% 6
13y2
*13
13%
*13
13'%
*13% 13%
15%
14%' 15.-,
*14% 14%). - *14% 14%
18
17% 17%
*17
17% * .'17
17 .'",5%
5
5%
5
5% '
5
5%
38% >•' 38 .... 38% .
, 37% 37%
37% 37%
Mar, 9
$ per share-'t per share
14%
14
14H\
12% 13
. .12% 13%
10% ;Wl0% 10% •
16% 16%
16% 16%
16% 17%
' ' 16
16 "-V
15% J 15%
15% 15%
63
63
-"62% 63%
62%...,.'62%
vvt';*42%-^43:%.>:;>• *42%V'!43 r0;,//:.%43%:>:43%
*22 r . 22%
22■,, * 22 >./,,21%"' 22">
39
39
39
39 - • ' - *39
40
35-35 > , „,S3%"^.34%^;
3434%
, 9%
9%" -: ,, 9% 9% ;.; , 9% 10%
20%«y20% ;->;>19%-:);19%<;"l). 19%;:<.19%
Beatrice Foods Co common
25
*34% 36 35
35 .v:
3.4% 34% r *33% 34%
3%% cum conv pfd.
100
*86
87
86 '-86
*86
89 -'
*85% 89
Beaunit Mills, Inc
1.2.50 ?, ,1/16% 16%
16% : 16% % *16% 16% >,;16% 16%
Beck Shoe (AS) 4%% .pfd
100
*39
92
*89
92
*89
92 ' * *88
92 , >
Beech Aircraft, Corp
1
10
10% .
10% 10%
*10
10%
10% 10%
Beech Creek RR
_
50
*30% 31%
*29% "31% .
*29% 31%
*29% 31'/a
Beech-Nut Packing Co
10
*33
33%
*33 - 33% , - 33
33%
33'/4 34
Belding-Heminway
—1 - *14% 15% >
15 , 15 .
*14% 15 .
*14% 15
Bell Aircraft Corp.-—
—1
17% 18
17%>18%
17% 17%
18
18
Bell & Howell Co common
10
13% 19
19
19
18% 18%
18% 19
4%% preferred
—100
*93
94%
*93
94% ; *93
94%
*93
94%
Bendix Aviation———
5 '
28% 28% / X28
28%
27% 28'/8
27% 28%
Bendix Home Appliances—-^^-33%c
20
20% i--' 20 " 20% 5; - 19
19% *
19%- 19%
Beneficial Indus Loan com—No par
*24% 25 ,4vv 24% 24%
24'% 24%
24% 24%
Cum pfd $3.25 ser of 1946-No par
*84% 89
A *84
8?%
*84 " 87% >
87% 81Vz
Best & Co
...
—1 • *24 . 24%
24
24'/4
' *23% 24'/4
24
24
Best Foods
—1
28
28% > 28% 28%
27% 27%
27% 27%
Bethlehem Steel (Del) -newcom No par
31% 31%;
31% 32 Va
30% 31%
30% 31
1% preferred——
—.—100
*130 133
*131 132
131% 131 y4 ,, *128 -130 :
Bigelow-Sanford Carpet
No par - *59% * 60
59% 59%
59% 5.9%
*53
59
Birmingham Electric Co
No par
12% 12%
*12% 12% -. • 12% 12y2
12% 12%
38
90
18%
100
11%
33
37
Feb
Feb
Feb
Feb
26
Feb
16% Feb
23% Jan
150
Jan
66
Feb
18% Jan
Dec
46% May
„
31
85
__ _
__
Jan 9
Jan 9
Jan 20
Jan 29
13% Feb 5
19 Jan 10
19% Jan 8
5% Jan 29
64
114
24%
7%
Feb 11
Feb 27
Feb 11
Feb 11
Feb 10
60
Feb 11
42% Feb 24
20% Feb 11
38
Mar 4
31
Feb 11
9% Feb 24
19% Mar 10
Feb
40
Dec
29
9
Feb 9
Feb 11
Feb 13
Feb 24
Feb 25
Mar 12
Jan 26
Mar 1
Mar 12
Feb 26
Jan 22
13%
12%
10%
.15%
13%
.
Jan
Jan
Aug
Feb
Jan
45%
-
13
Jan
July
Jan
Dec
Feb
Nov
May
18
55
107%
20V2
5%
"Feb
69
Dec
42%
/
May
Feb
Feb
Feb
Feb
Jan
'"•60
Feb
102
Aug
26% July
73
July
121
July
27% Jan
12% Feb
18% Feb
29% Jan
27% Jan
7% Feb
49
Feb
-105
21% May
111%
45
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
Mar. 8
Mar.«
$ per share
12
1214
EXCHANGE
'
-i
107% Mar 12
b
91% Feb 16
41% Feb 10
88
Jan 29
i"y"
"qpn
-
8
9
5
5
14%
106
49%
.94%
11% Mar 12
Oct
Jan
Jan
15%
Dee
Highest
i
$ per share
$ per share
$ per share
Q3A Mav
107
'
Lowest
Highest
Monday, March 15, 1948
.
RECORD
Saturday
NEW YORK STOCK
Range since Jan. 1
Yfar 1047
t per share
STOCK
YORK
STOCKS
Previous
Ranire for
Lowest
CHRONICLE
Thursday
Mar.il
Sales for
Friday
Mar. 12
the Week
$ per share
Shares
*28
29
*28% 28%
100
13% 13y4
13%. 13%
1.800
24% 25'/4
23% 23%
1,000 ,
16
16
' *15% 16^
600
*32%' 34%
*32%: 34% i'/
100 -j
26% 27 ■
26V8 26% \ 25,300 i
x29% 30
29'% 29% , 2,400
78%. 79
79
79
130
*44% 45%
*44% 45%
180
20% 20','2.
20% 20%
3.200
38% 38%
38% 38%
3,000
46% 46%
47 47V8
5,100
*88% 90
90
90
100
*3'/2 3%
3%< 3%
4 400
34
34
*33% 34
200
8
8% ' '
8% 8%
5,400
*58
63%
63
63
100
9% 9%
9% 9%
3,600
28% 28%
28% 28%
2.900
<26
26%
25 26 ; ...
200
29% 30
30
30
2,100
*93'% 95%
*93% 95%
■
16% 16%
16% 16%
2.400
28
28%
*27% , 29200
*90
91%
*90
91%
*18% 19%
*18% 19%
400
18
18%
;xl7% 17%
4,900
*123% 125
*122% 125 ,
8% 8%
x8% 8%
5,200
67 , 68
*65% 67%
■ - 230
33% 33%
" 32% "32% : :* 1,100
,
$ per share ■}
*87%
*15%
31%
17%
*85
81%
*78
12%
7%
89
16
31%
17%
86
81%
83
12%
7%
82%
10%
80
3%
17%
100% 100%
*253/4i 26%
*80
10%
79
3%
17
' 29
29
52% 52%
1% l?8
• 6%
6%
26
26
xl3% 14%
*111 113
*41
42%
*15% 16y8
10% 10%
40% 40%
11
11 ,
*49% 50
89
16
1,500
31%
1,200
17% .
9,100
85% - '
220
83
1 100
83% •.
' —12%
I 5,400
7%
1,200
80
80
70
10% 10% v. >."1,500
78
78
230
3
3
.. 800
*16% 17% •
1,000
*100 101%
" ; 80
*25% 26%
; < 600
*87%
15%
*30%
17%
85 '
*78
*78.%
12%
•
7%
29
*52%
1%
6%
*26
14
*111%
i|>41
f' 15%
10
*39%
*11
*49
29
54
1%
6%
26%
14%
113
42%
15%
lO'/a
40%
12
50
.
,
.
•
,
I
!
I
•
f
:
,
>■
;
- ,
400
10
3,800
2,000
900
5,600
180
20
200
16,500
300
300
.
n
Volume
167
Number 4681
THE
COMMERCIAL
Range for Previous
102
Jan
100% Feb
'27% Jan
2
4
39%
Jan
50%
Feb
32% Mar
21%
Oct
29
45
% May
132
17 '/»
x97
47
Feb
Feb
26
28%
Dec
22
Feb
97
Feb
156
Apr
Feb
22%
123
Feb
21%
Feb
Dec''
14 %
Dec:
22 Va
2
Jan
2
8% Jan
Central
Feb
4
80
Jan
6
11
Jan
105% Mar
26
16%
Oct
12% Jan
13
Dec
14%
Feb
8% Jan
22
10% Jan
5
35% Mar
'22% Feb
19
26% Jan
5
Cerro de
13% Feb
10
17% Jan
9
Certain-teed
Nov'
21%
Jan
30
Oct
27
Dec1
•24% Feb 28
Feb
17% Feb
'90
Feb
20%
Feb
'10
Mar
30%
Oct
Dec4
Dec
54%
Aprf
5% May
6 Va May
12%
14
84% Jan
5
2
7% Feb
29
14
9% Jan
Dec
9% Feb
11
6
24
7% Jan
15%
Feb
12
10% Jan
6%
v
Jan
2
7% Jan
;
Feb
4% Feb
16
10
28
8
5% Jan
Feb
7% Feb 11
9% Jan
Feb
27%
Feb
31% Feb 14
14% Mar 9
Nov
19% Jan
53%
Feb
35
Feb
11
40
20%
•'
14%
38%
3314
v
Jan-.:
34%
Dec
28% Feb
11
33% Jan
54% Jan
July
Dec
15%
15%
Jan.
21
4%
Nov
11
Feb
Jan
66%
Sep
23
Nov?
96
Dec<
29%
Jan
111
4
4
25% Jan
96
Jan
20% Mar 12
22'% Jan
40% Mar 12
78
Dec
V
94
26
Feb
9
32
Jan
9''
10
Jan
Mar
78
Jan
12% May
6
6*0
Jan
20%
15 Vs Jan
6
19V4 Jan
31
Nov
29
Feb
5
80
Jan
29
Jun
95
Jan
Nov:
43%
Jun
Dec
27'A
106
H51/2
Jun
34% Feb
Feb
85
10
105% Jan
35% July
7
6
27 7 Mar
109
Mar
107
Jan
Dec
101
Jan
72
Jan
Dec
57
Feb
42% Jan
31
14
14%
32
V
Dec
24%
May
Feb
Dec
89.
x29
48'/a Mar
74
.3
7
15% Jan
17
35 Vi Jan
3
31 Vs Feb
10% Jan
91V2
27
36% Jan
10
142'% Jan
82
Feb
27
91% Jan
19
19
18%
18%
17%
300
17%
*18%
17%
19
18
17%
1734
17%
17 Va
17%
3,000
7%
7%
7 Vs
7%
1,300
8%
7%
8%
104%
104%
*104%
7
9
7
106
*104%
80
&
Pitts
RR
Co
7%
Corp—_____
8%
*8%
11%
11%
9%
*77
9
8%
11%
*77
80
11
11 Vs
8%
9
%
*8%
23%
23%
23%
13%
25%
*25
*19%
20
*19%
19%
*94
94%
94%
94%
10
*9% "
94
X94
94%
'A
10%
*9%
27
10%
*25
*9%
27
*25
41%
41%
88V2
87%
88 Vs r'
4%
4%
*23%
14
25 %
13%
27
8%
14%
13%
14
4,500
25%
26
26
300
191/2
200
20
*19%
94
10%
10
10%
27
*25
41"'
87%
*86%
40%
4%
4%
4%
1,600
8%
8%
8%
8%
8%
8%
1,600
10%
10'/8
lO'/s
10 »/4
13,800
8%
*8%
10%
10%
6%
6%
6 V4
*6%
14%
8%
14%
14%
8%
8%
4%
4%
4%
/
7%
8 Vs
34%:'
34 Va
351/4
33%
15%,;
15%
15%
35%
36%,'
30%
301%
*47
28%
51%
*11
11%
*16%
17
*3%
*32
35
> 55%
55%
24 Va
24%
;
*92
21%,
39%.
40
*30
30%
i
*3%.
8 Va
*7%
16%
*29%
85
36%
"
*82
36% /
85
36%
109 'A
*109%
109V2
109'/4
*27%
v
27%
2.7 i
*106%
X
*105%
108%
*73
3%
32%
54%
55
108%
•
54%
55%
24%
24%
*241/4
24%
99 Vs
: %
39%
X94'/a;
1 21
21
40%
*29
8
16'A
16
29%
29%
190
*1-60
85 *
37';!
16
'•
*106%
! 37%
109
109
*106%
108'A
*73
75
*73
75
*44%
46%
*44%
46
15%
*44%
14%
46%
15Vs
Vtf
'*44%
46%
15%
14%
15
'
30 Vs
Xl4%
301/4
15%
*30
30%
30
30
293/s
29%
7 Vs
7%
7%
7%
32%
140
*83'/4
*138
84
7%
7 Vs
33
x31%
140
83%
7%
7%
32
32
*138
140
84
84
:
•
32
140
*138
84%
7Va
*83-
84%
: 32
*73
46%
14%
15
x29
2,000
7%
31%
*139
7,500
321/4
3,000
140
83%
84%
4,700
30
7Vs
140
*83%
1,800
.75
*441%
'
32%
*138
•
,
8,600
70
108'A
30%
32%
500
27Vs
46%
15%
*138
v
/
27 Va
75
7%
1,000
V
85
■
371/8
*73.
32%
I6V4
29%
190
27Vs
75
■
Cluett Peabody & Co
com—No par
7 ',■« preferred
100
4% cum 2nd pfd——•
.—100
*16
*29
109%
27% '
15
1
1,000
'
37
*108
*73
*44%
1
400
7%
81 Va
*82
30%
50
No par
29%
7%
85
•'■37
'
5,400
*160
37
36%
108%
1
*82
101%
27'Vs : j28 -v.
*103% 108%
40 Vs
077.
29%
85
109%
27%
200
1,200
*■' 190
-
3,500
20%
•!
16
*29
*160
24%
.
81 Va
•
190
10
20,700
29%
29%
7%
7%
29'%
•*■
*82
109 Vs
29%
*77
3,400
94%
:
20%
40
.
: 8i%
161/4
100
'
39%
39%
29%
*7%
*77
11%
94%
.
75
r
100
'16'/a
24%
94 Va
21
21
7%
*106%
*32
55%
*94
81%
36%
35
54%
29%
27
.'
16,100
32%
*32
40
109%
27 >£
3,600
/
'
3%
35
*82
V
4,500
2,900
V
4,600
*11
29
36%
52
*151%
24%f
*160
/
511/4
3%
15%
190
52
52%
11%
7%
29%
*160
'
•
*50
16%
*77
16
29%
190.
*82
,
15%
30
*160
28%
51%
'
*3%
28%
81%
28%
7
■
*15%
39%
8%
*76 Va
29
/
15%
35%
30%
*11
'21
81%
16%
50
28%
"
301/4
3%
54%
21
8,200
15,000
>
35 Vs
16%
99 Vs
*7%
50
151/4."
>
"
11%
*94
*76 Va
/
30%
*3%
v
>30'A >
36
*15%
21%
*29V4
.
15%
35% i
*11
35
24%
800
8 Va
35%
3%
54 Vs
40 V4
4%
7%
351/4,
16%
*32
x39%
4%
8%
36%
2,700
11%
'
98
21
''
4,900
9
151/4
52
*15%
8%
30%
'
51
51%
24%
*93
'i
*48
51%
*11
800
15%".
'
51 Vs
55%
24%
98
*21 Va
i
30%
291/4
35
55
8
35%
30%
28%
3%
6 V2
14%
9
34%'
15%/
35%
28%
11%
6%
.
*4% j I .4%
,v:
15
;
51
16%
*32.,
30%
6%,
14%
9
.
36
,.<28%
52%
16%
*3%
4%
8%
7%
34%
15%
35%
•
*47
29%
*11
3%
14%
;
9
*4%
7%
35%
51
29%
9
34
;•/ 30
10%
'
4%
7%
34 Vs
52%
600
*4%
14 Vs
29%
8.100
88
4%
13%
52%
41-
4%
*6'/s
51
27
40%
*86
•
4%
6%
36 %
•
300
4%
10%
8%
30'/»-
140
9%
*25
~
88
14%
r
95
9%
41%
6Vs
30%
*94
27
40%
87%
14V4
*47
19 %
94
'
6%
4%
700
14
25%
14%
8
900
'
14 Vs
*8'%
10Vs
4%
11 Vs
25%
*25
40%" 41%
87%
87%
11
4%
10'%
9
70
*300
9%
23%
9%
23%
1,100
8%
11%
14'A
¥•
*8%
9%
241/4
9%
24%
14
*9
8Va
80
*9
*9
24
14%
23"%
3,300
105%
*78
8%
100
23%
8%
80
8%
0%
Va
*11
25
20
■
gtd—50
—
105%
*7
80
11%
7%
100
—
8%
xl05%
7
*77
*8%
*36
1
—
8%
104%
80
11%
.
100
com
8%
104%
105%
*77
8%
15%.
com—No par
;
No par
Co
8 Va
*25
■'
—x—20
Illuminating
6%
8%
•
*6%
Ry/Co com—_10O )'
.—
7
8V4
26 V4
——5
preferred
preferred
Clopay
16
Dec
18%
-23%
14%
100
Special gtd 4% stock
Climax Molybdenum
Clinton Industries Inc
8
Feb
18%
8%
L'x~.—5
preferred;—_i
Cleve
5
137
13%
*4 %
No par
common
Graph Bronze
5%
10
9
non-cum
$4.50
Clev
9
Mar 12
99
128
23%
41%" 41%
—No par
& St Louis
Cleve Elefc
14
Feb
<
*901/4
*124%
*87%
com_—8.50
—
2,700
15,200
98
*9%
—25
Equipment Co_
C
5%
\2
Jan
1081/4 Feb
Feb
154
Dec
i.
54%
23%
24
20%
No par
preferred
54%
X22%
129
*93%
—;__2.50
Clark
12
44% Feb
7Vs Mar
Dec
140
5
14% Jan
39% Mar
—,-tV1
34
10
109% Feb
2
42%
—
5 % r/o
•
23%
*96
*25
par
Elec
54
23%
*126
*20
Rock Is & Pac RR Co__No
par /
preferred series A100
&
53%
23'/»
23%
*9
100
Co—__1
53%
22%
93
14%
;.*■
80
53 %
22%
129
*24%
.•
2,400
:
23%
.11%
—100
600
37
133
53%
22%
*97%
*3%
,
6 Va
37
*131%
98
*77
/
*6%
'
37%
133
*126
17%
Paul & P vtc—No
par V
preferred—
City Stores _l
'24
Jan
37% Jan
8
Nov-
71
V
St
C C
85
34%
107
33.V4 Jan
Milw
36%
*131%
98%
*25
—No par
r
City Ice & Fuel
City Investing Co
9
Feb
34Va
May,;
B_v
36%
131%
23%
17%
*104%
'
6%
x36Vs
400
700
128%
*18%
A——25
Corp——
2
23
Louis Ry Co cl
37Va
23
*8%
A'/o
preferred
'—I——.1—100
Cincinnati Milling Machine
Co—10
C I T Financial
r
7
-i 7 % Mar
•
«V
&
*361%
1.900
,
*126
*6VB
preferred-:.——_——50
36%
400
'
23%
8%
Lnd
I414
98Va
18%
}.
14%
128 Va
23%
*17%
;
34 'A
14%
200
29 Va
*32%
*126
23 %
*18%
par
104 Va
*29
33
6%
6%
104%
29
X131V4
133
53
104
'
128
10%
Cincinnati Gas
4
36% Jan
23%
104
Shares
*96
23%
—1.25
Chrysler Corp
20
Feb
Jan
-63%'
22%
*6%
36%
133
104
for
the Week
$ per share
98
*125%
^
6%
35%
134
53%
23%
*6%
.
37%
134
•
53%
23%
*97
6%
37
733
53 Vs
j
6%
37%
*131
No par
——
6%
*37%
:
No par
—.
Chile Copper
2
Nov
11%
36%
Yellow Cab_—_____No
par
Chickasha Cotton Oil
___—10
tChilds Co—
——No
2
481/2
May;
37 %
Chicago
21
63% Jan
x94% Mar 11
28% Mar
36%
*6%
Conv
6
Jan
-
341/4
8
14%
39%
10%
Chic
12
4'% Jan
35
21V8 May
37V2 May
28
14%
*37%
8%
5%
12
27V4
May"
14Vs
33V2
Chicago Pneumat Tpol coip—Nopar
$3 convertible
preferences-No par '
8
17% Jan
18
23Vs Feb
Feb
14%
38 %
:—1
Co
Series A
9
12% Jan
52% Feb. 11
Oct
Feb
14'/4
40
40
Chic
*7
10
31
Jan
32% Feb
11
3% Feb
42% Mar
14%
*39
—No par
preferred vtc__;
Chicago & Northwest com
12
52% Mar
5
14% Feb
7% Mar
Dec.
56%
Feb
5
36% Mar 11
25% Feb 13
45% Jan 22
10%
32
50
Copper-
'Products
preferred
Class
22
56
33
14%
32%
Chesapeake Corp of .Virginia
5
Chesapeake & Ohio Ry oommoiU-25
Chic
2
Mar 11
51V4 May /
Belt
,5'/o
lu
6% Mayt.
k
29
32%
Chicago Corp (TheJ——
:_i
Chicago Great West RR Co oom—50
14
Jan
•
23% May
13% Novs
•
Pasco
Class A
2
9% Jan
2
.
28 Va
32%
14%
3 % rU convertible preferred—100
%;
Cliic & East 111 RR Co corn—No
par
14
12 VB Jan
Feb
r
28%
*14%
Violeta
$4.50
9*
Jan
8%
4% May<"
2% Dec;
*103%
28
32%
__
11
.Jan
104
28
32%
Co—N-o par
Checker Cab Mfg
5% Jan
12 Va
4% May
8% May
104
28
-25
Champion Paper & Fib corp—No
9
45% Jan
90
4 '.=Feb. 11
Jan
Chain
6,
28% Jan
104
32%
Sales
Mar. 12
$ per share
28
1
Friday
Mar. 11
$ per share
*103
Sugar Co—-—;9.50
Century Ribbon Mills———No par
14% Jan -.5
25
'
Central
14
Jan
100% Jan
5
•40% Feb
Jan
Jan
22
18
26 % Feb
102% July
7% Feb
3%
33
18
Jan
.
40%
Mar 11,
110%
Jan"
81%
'11
$ per share
32%
Corp
Sugar
Thursday
Mar. 10
28%
4%'series—r—50
common—
Aguirre
TRICES
Wednesday
-32%
Central Foundry Cxx-,
1
Central Hudson G & E.Corp—No par
Central 111 Light 4% %
pfd
100
Central NY Pr Corp 3.40%
pfd.100
tCentral RR of New
Jersey100
8% Mar
'79
.
Co
Mar. 9
$ per share
104
SALE
Tuesday
Mar. 8
10
common—
General
HIGH
Monday
*28
7% 2nd preferred.s——100
Celotex Corp common—-—No
par
5% preferred20
18% Feb
2
*103
AND
(1159)
5
par
20 % Jan
Jan
100
No par
Celanese Corp of Anier
com—No par
&4.75 1st preferred—,——No
27% Jan
7% Jan 27
az
Case „(J I)
21
22
Saturday
$ per share
7% preferred
•«—.——100
Caterpillar Tractor
No par
12
Jan
137
Carriers
2
28 % Jan
Corp
Ry
Co—_——
Conv. preferred
9
102
11
Carrier
8
Jan
7% Jan
Apr
5
19
61
i
102
12% Jan
10.% May
23
Light
Steel
Dec:
11% May
20% May
19 % May
100%
Feb
96%
.4% May
9%
&
6% Feb 23
Jan
116
Feb
'17% Feb
.
11%
Par
Ohio
Power
Carpenter
138% Jan
•
22% Feb 28
18% Mar 12
Jan
10%
Dec1
Dec
77'/a
&
Carolina
7% Feb
46% Jan
10
7% May
,
Clinch
10
12
.43% Jan
13
Jan
32%
f
Carolina
17% Jan
5
53
108 Va
Dec'
.7%
9
130
Feb
19%. Dec
100 V'4
6
31 Va Jan
1
Jan
64
May:
6% Mar
35% Mar
19% May
xl77/8
<
Mar. <»
41% Jan
36% Mar 11
Dec
158%
May
Dec
130
Oct
Feb
7%
Dec;
49 lA
10 J % Jan
14 Va Mar.10
Jan
CHRONICLE
LOW
STOCK
$ per share
18
Dec
-6
YORK
EXCHANGE
■:
128
35% May '
i
$ per share
Dec
12 Vs
NEW
,
Highest
.May
38
.
Lowest
$ per share
Nov
27
Range since Jan. 1
Highest
$ per share
FINANCIAL
STOCKS
Year 1947
Lowest
&
83 'A
1,100
Range for Previous
STOCKS
Year 1947
Lowest
141
x61%
Jun
87
'
105% July
46
Aug
12
May
Feb
11
183
Jan
25
63% Feb
2
TI
45% Jan
9
94
Jan
Feb
21
25
Jan
Oct
16
Feb
11
19% Jan
Oct
li
lo% Jan
Feb
11
18
17%
Jan
Feb
7
11
Feb
11
15% Jan
9
12Vi peb" 13
17i% Jan
9
16% Feb
12
Feb
11
16% Jan
22% Feb
20
25 Ve Jan
Jan
32 %
Jan
22Va Feb
li
Apr
24% Jan
12%
Oct
13
11% Jan
63
Dec
86
30% May
Dec
-
!
36
36
87
11
Mar
64
Feb
19
66% Jan
28% Feb
27
35 Va Jan
5%
5
39% Mar
Oct
36% Jan
23
Jan
2
Jan
Feb
13
24% Jan
9
10
2% Jan
5
4
;.
Dec
Nov
123%
Jan
2% Feb
Jan
96% Jan
2
Jan
25% Feb
14
•
33%
95
103
Mar
8% May'
14%
Jan
8'% Feb
11
11
33%
Nov
28% Feb
10
35%
Feb
Jan
12
31
4% Feb
11
7
Nov'
2-1'
104%
..
Nov
Feb
29 %
Feb
21
103% Mar
11% May
20%
Mar
103% Feb
Feb
5
10
Jan
Feb
23%
105
18
12% Feb 13
9% Mar 3
11
17
43% Feb
27
30
51
Jan
Jan
2
19'/« Feb
11
19%
Feb
25 Vs Jan
19
11
Feb
15
12
Feb
20
30
>
Dec
99%
Dec
38%
\
Feb
32 % Feb
27
114%
32% May
94% Dec
Feb
100% Jan
2
48
Feb
104% July
35'% Feb
94% Feb
Dec/
Dec
May
May
Jan
13 Vs Jan
17
90
Feb
30% Feb
5
93
Jan 14
34 % Mar 12
3
98
44
Dec
12% May
Dec
51%
For
10
Mar
Jan
7
10
Feb- 10
Dec
11% Jan
49
Feb
20
55
Feb
6
Feb
27
8% Jan
5
46% Feb
11
54% Jan
2
14% Feb
13
17
55%
.
19
Dec
Feb
Jan
2
Jan
10
27%
Oct
19% Mar
9
55
Dec
24% Jan
5
50% Feb
5
17%
53
Oct
6
13
'55
Feb
44
Feb
Jan
11
17 Vs Jan
13
Feb
13
47
14
Jan
20%
Feb
10% Feb
61
11
Jan
13 % Jan
50
13
54 Vj Jan
footnotes
see
page
28.
Feb
2
>
2
Inc
4%
cumulative
13V8
13%
16%
16%
12%
*12V4
13
*13%
14V4
14
14
*13%
13%
13
12%
12%
*12
13
23%
23%
23%
10%
10%
10%
11
11%
30
39V4
39
41
40%
94
94
21%
21%
22
21%
2%
102V4
25%
9%
9%
31%
.
31
r
1,900
41%
4,900
96
95
95
21%
22%
221/4
22%
9,800
2%
2%
2%
21/2
52,600
98V2
99'/4
2,000
26
26 Vs
10,900
9
9'/s
500
31%
1,300
26'%
*9'/a
9%
31
21.Mi
21
13%
*104
X98>/4
31
31%
301/i,
4%
v'v
4%
21%
21
1041/s
103%
13%
*13V2
9%
'*9%
9%
45%
9%
44%
44%
44
20%
20 Va
19%.
19%
12
12
12
*86
33
*93
12%
94%
12%
92
14
*11%
14%
361/4
*93
12 Vs
*86
12'/s
33%
33 %
33%
94%
*93'/4
94%
10%
*10Vs
10%
49%
49%
49%
6%
49%
49%
*15Vs
15%
21%
21%
*50V2
/ 13V4
„
-
1
*
45
11%
52
52
6
Vs
49%
*15
21%
*50%
6a/s
15'/2
12%
36
931/4
10%
11%
12
<
33%
49Vs
20 Vs
20 Vs
1,200
11%
11%
200
14%
14%
14%
21,100
34
34
-
36%
361/4
96>/4
*93'/4
11%
33%
93%
lO'/s
10%
11%
88 Vs
33%
102%
102%
V 6Vs
61/4'
11%
2,300
1
88 Vs
„
■
■
34
33%
941/4
93%
10%
10%
101/2
600
49%
49'A
49%
2,200
6Vs
6V4
6%
6V4
6%
11,600
34 Vs
"
6,100
93%
500
'
49%
-4 9V4
•
49%
15
15
15
21
20%
221/4
*50%
52
*
50
•'49%
49V2
14%
14%
.'21%
22V4
«
*50%
52: •'
.50%
13V4
T3%
13%
13%
13%
44%
44%
11%
11 Vs
11 Ve
10%
10%
■11V4
11%
111/4
52 Va
52%
*51%
521/4
51%
51%
*50%
13V4
■_
'49%
14%
*44
3,000
96 V4
*14%
22
50
13'/4
45
,
'13V4
*44
45
44
50%
*50%
8,600
14%
22
"
52
200
37
11%
*83
1,000
10%
*93
49
49 "
'•■.% 19%
,.
2,400
"
49%
6
200
441/2
34
'
,
9%
600
9%
44%.
102%
45
-52
20 Vs
*83
931/4
*
12%
.36
*93V4
11%
/
103%
102%
90
33%
3,000
21,900
' ' 1,000
12%
'14%
96V'4
*83
49%
200
4%
.211/4
21
103%
34
xll%
-
4%
v/
13 %
*
/
36V4
*931/4
91
93%
49 Vs
21%
12':
103
33%
650
30
103%
20
xl03
361/4
;,21Vs
*
14%
103%
4%
21 •/;.
*9%
9%
■441/4 >45 ;
34
*10 Vs
>
20
13%
96'A
*867/s
9%
34
35%
31%
*.29 V*
xl3 V4
45
'/a
14 V8
11%
-
30
103%
34
*93%
91'
6 V4
Continental Oil of
Delaware—^—5
Continental Steel
Corp14
Cooper-Bessemer Corp tom__No
par
$3 prior
preferred—
No par
Copperweld Steel Co
commoiC
5
Convertible pref 5%
103 >/4
:
36%
96...
49%
1
*33%
103'/4
10%
-
13%
34
31%
30
■'
:•
13%
*11 V4
12
•
'
v; ;..4%.
•-
104
'20
*92
^—5
4%
21 '/a
-
*9%
*11%
9
31%
£
29%
20 Va
•
26 Vs
31%
*29
45%
'
991/4
*8%
1,300
-■
9%
.
99
-26
9
9
45%
*
No par
98'%
26%
26
-
(,
13%
13%
30%
*95
'
*9%
common—20
20
39%
40%
25%
104
v37
Bank jfe Tr_Co
391/4
41%
26
4%
14
39 1/4
2%
*29%
21
30
21%
4%
.104
12
66
30
41
2%
30 Vs
2H/8
12
*63
40%
21%
4%
5,200
12
G6
'•/ 30
95
2%
*29%
400
25,300
38%
40%
94
211%
5
1,800
11
11%
*.
'
1021/4
9%
23%
24
10%
3.9
2%
31
23%
*23
11
*63%
66
101%
2%
30
104%
23%
30%
103
2%
102
26
;:•/'
11%
-
23%
23%
10%
•
10
50
140
39
40%
941/4
*36%
1
39%
23%
11
2,600
-1.200
...
30%
45%
100
50
39%
39'/a
24%
11:
■V:
V
24
*63%
301/4
40%
No par
No par
series—
Cornell Dubilier
Electric
Corp.*.
Corn
11
66
2S%
94
*20
1
10
*63%
30'A
23%
*23
10%
40%
America com—20
preferred
11
66
.,
24%
P4'/4
103%
Continental Diamond
Fibre
Continental
Insurance-,
Continental MotorsJ.
:
*24
11%
*63
103%
com
24Va
10%
68
103%
Co
12 1
23%
*24
par
$5.50 preferred
Continental Can Inc
Exchange
13%
16%
*33%
v
$3.75
13%
10%
*13%
1.000
12%
24%
301/4
270
i.2oo
16%
16%
£4 %
21
-Z';
.20%
16%
13
14%
preferred—
16%
90
*20 Vs
*12%
34%
Continental Baking
13V4
90
i ;
13
,
16%
13
*103%
No par
—_l__No
13
16%
13%
16 %
90
*12 Vz
13%
com
16%
16%
4,900
13
34Vs
Consumers Rower Co
$4.50 preferred
Container Corp of
520%
16%
*12%
*4%
.Consolidated Vultee Aircraft__i—1
14
18
11
12%
Apr;
Jun
98
Consolidated Retail Stores
5
55%
6% May
May
% Jan
Feb
110% July
13% Feb
43
42
11% Feb
>44%
12%
16
Consol RR of Cuba
6%
t,2o%
16%
12%
30
Consolidated
12
85
Dec
14% May
,12% Apr
16
Jan
Feb
Dec
35
15%-Jan
35 % Jan
105
Apr
30%
9
10
Jan
20%
95
44
11
14
106%
11%
94
r
V 17% Mar
24
20%
*
.
pfd—100
May
90
16%
*12
*9 Vs
Grocers Corp___
1.33%
Consolidated Laundries
Corp_—i—5
Consolidated Natural
Gas„___—15
12% May .•
10% July
90
13
190
39%
38%
38%
20%
90
700
621/4
*1200
16%
12%
*31
38%
Shares
164
62'A
__
20 Va
14%
26
,
*161
62%
90
-
*13V4
2%
39
164
for
the Wreek
$ per share
*12V4
16%
13
102%
——No par
Feb
2
13Va
*16%
21%
Edison of N Y
com_.No par
Jan
11
13%
16 V2
20
v,
40 Vs
par
15%
Jan
17%
93
com—No par
54%
19 Vs Feb
13%
90
20%
17
14%
*38%
_No par
Dec
40% May
.10%
'
•
*13 Vs
11%
par
preferred
*-
*1200
*38 Va
14V4
30 %
par
$5
20%
;
38% ' 39
13 %
*64
'
—100
Consolidated Cigar
.No par
Consolidated Coppei;raines
Corp.:—5
Consol
5
Feb
39'/s
92 Va
62%
*1200
24%
Commonwealth Edison
Co——25
2
39 Vs
*160%
62%
Sales
Mar. 13
$ per share
164
62%
*1200
*90
17%
164
Friday
Mar. 11
$ per share
..
,10%
Conde
3
Jan
20%
62
*23%
4
Pictures
—
39 Vs
92
Thursday
;
Mar. 10
164
62
-
par
Nast
Publishing Inc___No
Congoleum-Nairn Inc_ —No
2
5% Jan
Electric——No
163
62%
PRICES
Wednesday
*11%
__u_-.—_„_8.50
&
series—___No
31% Mar 11
30
preferred—100
Commonw th & South
$6 preferred
8
23% May
Apr
4% May.
30
13%
16%
*12%
*
165
62%
*1200
92
*20%
*17%'
20
.
—
Commercial Solvents
8
X28% Jan
preferred
1st
common—No par
$4.25 cum preferred
w w__No
par
Columbian Carbon
Co——Nonpar
Columbus & Southern
Ohio Elec—10
Commercial Credit common
10
$3.60 preferred
17
20
:•
SALE
$ per share
165
62%
39 Vs
•r
No par
r
HIGH
Mar. 9
$ per share
*1200
conuJNo par
AND
Tuesday
Mar. 8
165
*62
par
non-rum
Columbia
41% Mar 11
90
conv
non-cum
Class B
6
Feb
preferred
Columbia Gas
8
26% July
Corp—No
2nd preferred-—100
Columbia Broad Sys Inc cl
A—2.50
8
Feb
12% Jan
164
—No par
Internat
cum
4'jo
7
35% Feb
39% Aug
115%
20% May
2% May
94
Feo
48%
Dec
25%
10
50
May
'
Feb
common-No par
A
Monday
Mar. «
$ per share
Corp com—No par
4%
2
22%
Par
Coloiado & Southern
Ry com—-100
21
10 % Feb
Dec
/..y
—No par
Mills
Inc___———5
Colo Fuel & Iron
12
32%
< •
Colonial
9
Nov
,
Collins & Aikman
2
16
$3.50
10
12% Feb
Feb
>17% Feb
\V
;
Colgate-Palmolive-Peet
2
11%
-
Class
7
20
18
■
■■
Coca-Cola Co (The)
2
20%
.
•
Coca-Cola
21%
10
'
-;
2
88 Vs Feb
Saturday
;
,
$ per share
-
Feb
22%
16 Vb May
8
May
9% May
8
May
21% Dec
62
37% Feb
Jan
Jan
Feb
STOCK
EXCHANGE
"
May
56
,
Dec
18
.
65 %
153
LOW
NEW YORK
Highest
$ per'share
Nov
1155
Dec
23%
.
191 %
May
May
33
Lowest
$ per share
May
1140
Range since Jan. 1
Highest
$ per share
>
52
1,200
'
2,000
50
13%
*13Vs
13%
600
44
*43%
44%
80
1,100
.'•■■
11%
ll'/s
ll'/s
52
51
51
270
'
19
!0
Monday, March 15, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(1160)
NEW YORK STOCK RECORD
Range for Previous
Range since Jan. 1
Year 1047
Highest
Lowest
LOW
STOCKS
Lowest
,
,
NEW
/
.
Highest
•
>
,
•
$ per
18 Mi
Feb
Dec
share
$ per
share
32%
t per share
20 Mi Jan- • 5
94
Dec
105%
Feb
92
Feb
9
88
Dec
105%
Jun
92
Jan
12
61%
Sep
-88 Mi
170
4%
2%
Jan
8%
Dec
Dec
5
66
Jan
6
175
Jan
12
11
5 Me Jan
Products
Corn
8
Feb
2
169
Aug
pfd 3 Ma %
ser
1
Coty Ino
4
3% Feb
2
Coty International Corp
Feb
29
Feb
13
34% Jan
9
Crane
97
Dec
107
Mar
95
Feb
11
97% Jan 27
11 Mi
Dec
.16
Oct
30
4%
2% Mar
Jan
40 Mi
26% May
13
Jan
15
9
29
Crown
25
27
108%
130Va
98 Me Jan
2
18
127 Me Jan
5
25% Jan
Feb
22
Feb
10
66% Feb
27
Oct
26% Mar
Oct
27 Ma
6% May
113% Jan
12M4
147
6%
27
Feb
11
9
Jan
2
17
139
Jan
2
Mar 11
59
Jan
9
48
11
13
21% Mar
30 Ma
Feb
19% Aug
26%
Sep
20 Me Feb
2%
30 Ma
30 Ma
29 Ma
30 Ma
29 Mi
,96
9%-10 Ma
22 '
" 22
*94 Ma
25
*"93
30 Ma
30 Mt
xlOMi
.
10 Mi
22 Mi
10%
22%
23
19 Mi
46 Ma
46 Ma
5
*29%
29%
*94 Ma
94%
llOMe
•
29
HO Mi
19
95
95
108%
non-cum
67%
23
*67
67%
*27
27Ma
*27
13%
13
13
*155
180
13%
Sugar common-. 10
*155
100
10
preferred
180
100
85 Ma
*15%
16
Jan
*18 Ma
22
1,500
29 Ma
.2.900
29%
29%
29%
96
95 Ma
*9%
10
9%
22 Mb
22%
22 Mi
18%
19
19
*43 Ma
45 Ma
96
97
105
105
96 Ma
108
*105%
22 Ma
22%
22 Mi
*67 Mb
*27
27%
13%
13 Ma
13%
*13 Ma
13 Ma
'
*155
•
'
13%
*155
180
*155
180
104 Ma
1,500
'«
67 Ma
*2T
400
28.
13 Ma
13 Ma
'
1,600
,1
177
*155
180
770
.
23
*67 Mi
67%
27%
130
96
22 Ma
22%
67%
*26%
300
2,200
27%
104 Ma
*67
2,700
45
*95
27%
*27
l;ioo
19
18%
27%
28%
1,600
^
22 Mi
*44
45 Ma
28
100
95 Ma
•10
22%
;
*
11%
*84 Mi
10 Ma
*15%
15%
,
.
*19 Ma
20
*19Ma
20
>.15%
85
*15%
16
*19 Ma
'(
■
20
20 Ma
100
7 Ma
9,000
7%
50 Mi
No par
1
7 Ms
137
♦130
*49
50
49
49
T
5
217/»
21% < 22
21%"
137
21%
21M.
'22
21%
21%
21%
5%
49
800
'< 21%,.
21 Ma
3,000
>
.,
:■
137
*130
!,
2,600
21%
21%
22%
33,700
5 Ma
5%
5 Ma
137■;
22 Ma
1
:
70
*48
21%
21%
>
136
49 Mb
*130
137
*130
"
400
*130
131
48
/
'21%
21 Mb
21 Ma
*130
;
5 Mi
5
5%
21 Ma
137
131
136
5 Mi
5
21%
7Ma
*130
50 Ma
*130
137
21%
7%
-
137
50
21%
*130 "
No par
7 Ma
-
*130
5 Me
>
21 Ma
<
•
v
50 Mi
5
1
100
7%
•
137
*130
7
7%
7 Ma
7 Mi
7 Mb
200
*84 Mi
15%/
20
2,900
10%
10%
85%
20
*19 Ma
20
■
#
10%
*84 Mi
11
84 Mi
*15%
15%
16
157/a
1
10%
11
84 Mi
84 Mi
10 Ma
84 Mi
'
_No par
Cutler-Hammer Inc
2%
*94%
*94 Ma
85%
11
11%
*83 Mi
pfd
1,800
*2%
'
*11 Me
5
Sons Inc 1%
Cushman's
4%
2%
10
28 Mi
250
1,.
*4%
30
45 Ma
67 Mi -67 %
27%
173
173
96
*18%
22% "22 Ma
"
23
67 Ma
23
No par
2%
x27%
95
"
2%
150
2.703
62 Ma
62%
,
10
<
97
4%
•
22 MB
107 Mi
107 Mi
118
4%
93
Ma
10
28%
22 Ma
173%
4%
2%
46
28%
63
173%
173 Ma
4%
■
19
46
-.100
pfd—100
preferred
6 Mo
*94 Ma
No par
_No par
19 Va
46
'
*45 Ma
62
173
29%
19
19 Mi
—No par
62%
175
*93
96
*93
96
10%
Class A
8
2
93
Mi May
2%
preferred
Prior preferred
Curtiss-Wright common
Jan
4
9
18
Apr
2%
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The) torn
No par
27
5
23
Feb
2%
$7
Jan
27% Jan
"5
129
2%
62 Ma
,
•
13
133
27
21% Mar
9
Jan
*2%
Cuneo Press Inc
5 Ma Mar 11
4% Feb
18% Feb
133
4%
*22%
conv
7M«
24 Ma Jan
122% Feb
4%
Cudahy Packing Co common
4 Ma %
preferred
9
Feb
132
5
27
Dec
«.
12% May
5
17 Me Jan
Mar
■21 Ma
4% May
•
'
Feb
84 Me Feb
7
*173%
4M2
.
62 Ma
63
63%
173 Mi
4%
1
RR
/
63
America
Cuban-American
18 Ma Feb
Dec
70
Jun
2
13
Feb
56
5%
13
Nov
24 Mi
*95
173
Zellerbach Corp com
Cuba
Feb
15 Me
Feb
19%
Dec
3
17
81 Va Jan
Mar
101
Dec
16
Jan
160
9
97
4%
$4 2nd preferred
Crucible Steel of Amer com
13 Mi Jan
5
10 Ma Mar
97
63 Mi
$4.20 preferred
14% Jan
11
Feb
160
Sep
97
1,100
19
*92
*96
173 Mi
100
preferred
71 Mi Feb
34
2
12% Feb
Jan
Jan
17%
Dec
xl6
24
102MaFeb
165
Jan
82%
91 Ma Feb
Oct
2 1Mb
13% May
12 Mi
Feb
Jan
93
97
*4%
Wheat Corp
of
Crown
5
20
34%
May
$2
6
34 Mb Jan
*92
97
'
Feb
3 7 Mi
Deo
165
46 Ma Mar
96
22 Mi May
66
21 Me Jan
2
Oct
105 Mi May
22
9
11
22
42
34%
Apr
Dec
98
Mar
Jan
Jan
52% Mar
Dec
"Dec
94
96 Ma
63 Mi
common
of
19 Ma
*92-
*"172 Ma
(The)
2
Cork & Seal new com__2.50
Cream
23% Feb
*19
25
preferred
Creameries
9
9% Mar
17% Feb
22 Mi
~41
Co
3%%
19 Ma
93
Shares
■v
share
19
19 Ma
19%
19
93
96 Ma
*96%."97
$ per share
19 Ma
94
19 Me
*92
94
_____100
1
1
Refining com—.
preferred
1%
$ per share
$ per share
19%
19%
<■92
;
$ per
$ per share
for
the Week
Mar, 12
Mar. 11
Mar. 10
Sales
Friday
Thursday
Wednesday
War. 9
,
PRICES
SALE
HIGH
AND
Tuesday
Mar.,8-,;
Mar. 6
.
t per share
Par
•
5
100
of 1947—100
preferred
Cum
9
,
,
Works common
Glass
3 Ma %
4% Feb
61 Me Feb
Jan
75%
195
Dec
Mar
97
Corning
1
Mar
w
... >
$ per share
5
18 Ma Feb
Monday
Saturday
STOCK
YORK
,EXCHANGE
.
,
D
'
90%
.
Sep
97
Nov
23%
35 Mi
Jan
-
Jan
6
Davison
24% Feb
Dec
Dec
101% July
Dec
101 Ma July
11
Mi
Feb
Oct
45%
29% Dec
32% May
45 V* Mar
•,
38 Me Jan
Feb
7% Feb
10%
5% May
*88 Ma
89%
*88
*87
89
15% Jan
5
Dayton Rubber Co
50o
1
*13 Mi
9
Decca Records Inc
50o
,
Jan
8
Deere
7%
Jan
10
Delaware
9
Delaware
.
11
19
11
41% Mar
20 ye Feb
ctfs
9
Detroit Hillsdale & S W RR Co__100 .'„>
2
Detroit-Michigan Stove Co
Jan
6
Detroit Steel Corp
Oct
22
Jan
14 Ma Mar
22 Va Feb
31% Feb
Vilbiss Co
De
10
16% Jan
9
21
26
.Jan
2
Devoe &
42
Jan
9
Diamond
13
44
.Jan
15
Feb
2
Apr
47
Jan
35 "Me Mar 12
Nov
50
Jan
38
Feb
6%
Diamond
Dec
24%
Feb
16
Feb
11
18 Mi
Jan
13 Ye Feb
11
16% Jan
5
Distill
15%
19
Ma
Oct
14% Mar 12
17Me Jan
Sep
29 Ma Feb
47 Ma Mar
25
Dec
May
.
49
19%
55%
Oct
23
13
37% Jan
23
: Feb
15% Jan
23
Feb
6
>100
Feb
13
97
Jan
Jan
6
Feb
83
Jan
2
9 8 Mi
Dec
17% Nov
'*
197
July
129 M* Aug;
107Mi
Sep
Jun
^
5
Dunhifl
"16% Jan
r. •
16 Me Jan
12% Mar 11
-19% Mar
>
:„ '
til
•
H
;
Year 1947
Lowest
4 per share
Nov
<
14%
163
:
18% Dec
24
Ms Jan
5
Feb
11
Feb
Jan
32% Feb
1% Feb
Dec
.
,
24%
ftfar
14% Feb
,
,
3%
/
Deo
■
12 Ma
Feb
85
.Mar
Nov
24%
44
32
I6ye
6
5
5 Ms Feb
9 Me Feb
11
11 Ma Jan
50 M2 Feb
11
57% Jan
6% Mar 10
Feb
15
27
9
28% July
107% Jun
36
36
36
36%
36 Ma
99 Ma
98%4
98%
95 Ma
9&%
95Ma '
24
17%' '•
■
.
.
t
-
,,,
1
*95 Ma
x23 Ma ' 24%r .'
>88 Ma
> *85% '
'*12 Ma -13%
12%,
" :
•
•
12%
•12Ma
12%
165
164%
"
165
116%
116%/
"J"!
95 Ma
•;
V
-
113
X113
; 114 Ma
*13 Mi
13%
^ >
V
13%
>
*113
.
.
i
v;
L
49
RR
5%
82
*
'
,114 Ma
f
700
i
11
18% Jan
*33 Ma
3 3 Ma
*32 Ma
33%
1%
1%
*1%
15%
15%
15%
*1%-
1%
16M4
15%
16Mb
,
Jan
%
149 Ma
*150
153
148
*134
139
*133
137
*50
*58
51 Ma
*50 Ma
52
'15 Ma
*15 Mi
15%
•
13%
*13%
13%
10%
*57 Mi
•"
13%
13 Ma
*13 Ma
30 Mi
30 Ma
99
*98 Mi
30 Mi ■30 Ml
*98% -99
'■
13 Ma
Mi
'4%
-
*
4%
4 Mi
4%
*51 Ma
51 Ma
*51
51%
67
*62 Ma
67
*63
67
7 Ma
7 Ma
7
7
7
7
15 %
15 Ma
*15
15%
7%
-8 Ma
8
8Mb
8
9%
V
9%
3
:
1
>
♦39
6%
5%
♦12
40
•-6%
5%
'
15 Ma
7%
40%
*6 Mi
42 Ma
40 Ma
41%
40%
407/a
27 Ma
27%
27 Ma
2 7 Mi
5%
5%
5%
5 Mi
11%
12 Ma
12
.
*36%
37%
37 "
37 Ma
*36 Ma
I
*16 M4
16%
16%
16 Ma
16%
9
9
*9 Ma
23%
22%
23 Mi
*94
95 Ma
94%
95 '
8%
22 Ma
*95
5,200
100
1%'
Mi
151 *
153
138
138
137
52
*15
15 Ma
14%
57%
557/e
13
:
!
57
13
26,200
15
x56 Ma
v
600
.
17 %"■
16
148 Ma
xl3
1
x50
%
1,800
800
100
50%
1,200
,
V,
1,500
10 Ma"
; ,900
7
12
37
16%
8%
22%
96
*6 Mi
•
7
*9%
13'Ma
13 Ma
31 Mi
'
30 Mi
•
30 Mi
99'
\
99 T
>
4 Mi
4%
9% •;
9%
52
15
7 Ma
.
15 Ma
•'
53
3,600
.*
*64
67
500
'
7
'
1,000
15
15
7%
8Mb
7%
*39
'
1,400
7
<7%
"
i
40%
40%
41
27
27 MB
5%
'.41 Ma
2,200
'5 Mi
12 Mb
11%
al2
36 Ma
36
16
"•8%
8%
22 Ma
22%
122%
96%
94%
Ma
27
8%
22%
7,400
5
1,700
12
300
37
16%
16Mb
8%
3,500
5% "
*36
16 Mi
:
'
23
94Ma'
<
•
94Ma
800
900
8%
*
95
'400
•
500
26%
5%
,
6%
6%
*6 Mi
5,500
40 Ma
*39
41
;
8 Ma
*95
-
9 %-
7
;
90
.5,600
'
>
37
16%
53"
52
67
*7
<
!
16 Ma
f
'700
.
>'
4 Mi ' -
'
9 Ma
*64
1600
'
31 Mi '■99
*98%
4Mi
<
1.300
t 13 Ma
13 Ma
;
*36 Ma
13 Ma
lOMa " 10 Mi
5%
11%
16 Ma
3,100
'
135
27 Mi
12 Mi
9 Ma
8
8
*39Mi
6%
3
100
16 Mi
15%
15%
'
39 Ma
*23 Ma
convertible preferred
6%
6%
8
Va
68
6%
11%
1%
51 Ma
x39%
"
1%
.1,500
v
33 Ma
*32 Ma
Mi
9
9 Ml
51
15 Ma
39
4
*63
'
39
33 Ma
13%
4Mv
9%
9
.52
9%
No par
4Mi%
Mi
9%
*51 y2
*62M»
1
10 Mi -.1014
4%
50
Federated Dept Store* conu—No par
23
99
8
Corp
<
'
;
13%
10%
•
13%
"
>13%
•13 Ma
10 Mi
10%
100
Co
57 Mi >57 Mi
58
13%
13 Ma
1
13 Ma
•-■'*4%
■;
15 Mi
15
"
'
--99
par
52
*51
:
6%':.
'44 Ma'
*51
*
2,200
,
44 Mi
6%
"
148 Ma
147
137
50
1314
103
1%
16 Ma
134 Ma
15 Mi
200
13 Ma
6%
44 Ma
*32%
31
>>1314
11
►
52
15 Mi
58 V*
58
59 Mi
*13 Vi
*10%
100
13% >14
1 %J
•
147
150
136
15%
:
44
43%
33 Ma
1%
800
■
8314'
13 Ma
13 Ma
103
6 Ml
V>
6
5%
■43%
3 3 Ma
-*30
Corp..
Federal Mining de Smelting Co
11
Jan
25% Jan
5 Ma
43%
20
49
'17.14-:
■
*82
83 Ma
1314
*100
33 %
99
Inc
Federal-Mogul Corp
Federal Motor Truck
Ma
9,800
"
"
43
136
•;
17 Ma
13%
*50
4
*4814
17%
Ma
13 Mi
•32
;
Fedders-Quigan
37% Jan
:"'5 Ma
13
103
-100
13 Ma
•5%
Mar 11
".
48'Ma
*82 Ma
84
13 Ma
13%
1,700
38%
164 ,;>•'
164
1
83 Ma
83 Ma
103
17%':
>38%''
38%
43 Ma
>
12%
27 Ma
35% Feb
18
1,500
.11,000
*17 Ma
48%
13%
42
Jan
*48
*17%
20 Ma
1714
.167 ;
*164
•
13 Mi
*31 Mi
No
164
13%
1
common
.
17%
13 Ma
44 Mi
44
*98%
preferred series A
164
Shares
17% '17%
■'17%
38 Mi
38%
•38 Ma
■
the Week
'
-4414
28
14
17 Ma
■
Sales for
'
share
20 Ma
17 Ma >17%
18%.
Ma
43
20
17 Ma
18
{
200
.t
Mar. la
( per
20 Mi
20%
16%
48 Ma
*100
6
20
*2014
17%
17%
Ma >.39 Mi:
164%
*80 Ma
13%
"«Friday;.,
1.1 n
20%
J
700..." I
vt.
13%; ,13%
t per share
J.\$ per share
17%
103
5%
6
;.
48 Mi
>'
83
-
13%
*100
25
Erie & Pittsburgh RR Co
Eureka Williams Corp
Products
17 Ma
18
'
Erie
17
-
Ma
48
:
20 Mi
-
"
19
*17%
—100
Bldg—
$ per share
■
149%
,
3
Mfg Co
'
Mar.
Mar. 19 >'
,
■i.ioo;,
"
Thursday
Wednesday
Mar. 9
f
i
3,800'
■
••
HIGH SALE PRICES
Tnesday
{
—
4,800
.13%
J65% ;165%
31614 ' li7.%
%.-95'/it 95% ;
113.
M,
13%
13%
600
10.400"
,.
'
95 Mi
95Mi'
95 Ma
-
v
i
;
100
13 Ma
/ .*12%
,
I
88 Ma
>12 Ma-
116%"/
"
23%
>
*85 Ma
166 Mi'
,
..,116%
'
8,700
5,700
f
;
6,400
,
96 Ma
23Ma
,
100
1,400
•
99%
*99
;,
13%
114
38
*27 Ma
Feb
For footnotes see page 28.
113
*164
*42 Ma
99
59%
*12%
95%
*13 Ma
39 Ma
No par
9
>95%;
168%
Fajardo Sugar Co of Porta Rico—2o
Farnsworth Televls'n de Had Corp—1
10
58 Mi ;
88 Ma
165%"*
39
Fairbanks Morse <k Co
Feb
>•
51 Ma
.
5914-
23%
116'/a J16 Ma
17%
5
8 Ma Mar 11
>.<>' *50
,
53 Mo
:•
95%.
.
<
COOl ■{'
140
;
18%
*85%
13%
165
.
20%
17%
2
i
c
13%
20%
-
51% Jan
90
13
;
14
-17 Ma
■<
>
31 Me Jan
20% Feb
51%
800
32%
53 Ma
*98 Ma
\
14%
32%=
;>
30 Ml
13%/''
J
J
i
•'
6,000
:17%
88 Ma
*12 Ma
$ per share
9
47
4
Dec
*85
Monday
-2.50
16
87%
13%
26% Mar 12
23% July
<14 % Feb
99
23%
95Ma-:*
Buffet Corp
11
.
>100
14%
14 Ma
32%
•
IV
35 Ma
>
:
500
>■
*17 . -,"17 Ma :■ "■
13%
13%
30%
36 Mi
115 V
*114
13%
*33
&
preferred
Equitable Office
Evans
7% Jan
Apr
Electric
4%
5
40 Me Mar
Dec
; .
;■ *17%
35%
95%
95 Ma
Exchange
Feb
38 Mi
18 Mi
56
.116%.
9
5 M» Mar
1,100
30 Ma
■
13%
No par
18
Endicott Johnson Corp- common
9
Feb
19
,
9
10
23
36%
18 Ma-
57 Mi
166%
Jan
Feb
Jan
13%
'
18
103
;
6
Phonograph new 5
Empire District Electric Co—
10
Jan
Jan
97%
116
"
•* 85 %
44
Light com__No par
No par
No par
Natural Gas
Emerson Radio
11% Jan
Aug
42% Mar
Paso
Emerson
19
•6
*14%
May
Dec
El
■
14
38
9%
Dec
.<
Jan
Oct
*
;■
|
1,200
35%
38 Mi
''
W
30
57 -V
23%
>
7% Jan
5
'24%
38%
*17%
17%'
18 Ma
'
600
24 Ma
17 Ma
30
18
*95 Ma
r
Eversharp
Ex-Celt-0
7% Mar
37
;
!
165 Ma
49 M4
-
*100
No par
Battery
Elgin National Watch Co
9
60
Jan
,
3
5
~
31%
May
9% May
8
Jan
13 Ma
'
>
Jan
Jan
50%
4% May
11%
34
102
4 Me Jan
15
>.' ■»'
24%
*50
17%
*164
'
16
Feb
25%
10M* Nov
32% May
x6% Dec
25.
27
13% Feb
7% May
17% Dec
13 % Feb
Feb
Feb
67
25%
6
29% Feb
Dec
63
-.
Jan
9
:
200
*14%
10%
13%
-51
30
Mar. 8
169
13%
3
Electric Storage
,9
97
14
•
38Ma >38%
*84
—100
1
8
(The)
Convertible preferred-.
12
4%
•
*164-
100
common
9
24 Mi Feb
2
Boat
preferred
16 Mi Jan
8% Dec,
47% May
,
Electric
preferred
62.Jan
12% Jan
22 Ma
15
14%
18
24%
«■
Mar. «
2.50
common
preferred
$6
11
Apr
.8
preferred
$7
13
Jan
1,300
*22
11
32%
*49 Ma
95%
*13
t per share
i:
10
;
preferred
Co
Products Co
8
12 Ma Feb
Mar
Par
*17%
13
Mar
10 Me Mar 11
,
cumulative
4 Ma %
55 Me Feb
38
/
:
Co -common
Electric Auto-Lite
Dec
107
10%
22%
32%,
18
-
'
60
*58
60
15
30 Va
LOW AND
Elastic Stop Nut Co
Dec
-19%
Kodak
Jan
.17
>
6,300
32%
17%
13%
*85
Saturday
Stainless Steel Corp.
4M»%
17
:
6%
Ekco
24%
27% May,
102
May
_100
8
_
•' 95%"' 95%
<*114 . 115
*13Ma ''14
YORK: STOCK
56% Jan
19
59% Oct
1st pfd
v
7
139
10
2,900
20%
15
50
*98%
23 Ma
1
116 Ma
16
xl53
49 Me Feb
—No par
Electric Power <fc
11
Oct
11% Dec
r
12
17 M4 Jan
10
57%
* 116 Mi
_No par
*1%
11
3414
20%
'17 Ma
: 13% ' 13%
;
99%
*95%
14%
Elec & Mus Ind Amer shares
Feb
34
21
37
17%"
30 Mi
59
-
*98
166 Ma
2
13% Feb
Jan
,
57%
.
;
*14
5
123 Ma Feb
139
Feb
18% Dec
46% May
9 M4 May
13
May
■
■
July
156 Ms
47
i
Feb
19%
171
Dec
135%
3,700
35
23%
38 Ma
*17
33 Ma
*17%
t
::
>35% .•■36
>
24
106 Mi
■_
No par
(EI) dfe Co com—20
Mi Jan
2
5,200
17%
8
"
13%
35% Jan
11
8MB
17%
14%
.,••'
18
18
•••
18
997/e :.l
96
.'•49 Mi
Mar 11
14
19
Jan
;
600
1,000
8Mb
38%
37
30%
*17%
x30Mi
'
*13 Mi
..100
4
52 Ma Jan
3%
1
x47Ma
1
88%
Edison Bros Stores Inc common—.1
6 Ma Feb
Feb ,20
39 M2
48 Ma
*85
.
15
47%: M
18 Mi
106 'a Jan
Feb
5
43
13,
40
'
'
,
'
Ma
"■»
14%
38 Ma
>
13% >13%,
33
18 Me
23%
1
Eaton Manufacturing
16% Jan
102
Feb
10,100
32 Mi
>,
10%
24 Mi
/■;:
17%
-15
17%
91 ya Jan
Feb
Sep
11 Ma May
145
19 Mi Jan
8
28
Feb
2
-■
13
-
8%
-
33% May
,r
5
Mar
82
*17
•;
13% >
13%
20%
"«•
16
65%
.16%
111 Ma
4% May
,
Feb
55% Jan
168.
13 Me Feb
17 Me Feb
Feb
17%
33%
18
Eastern
Feb
36%
32 Mi
V,
*22
*36%
38 Ma
38 Ma
15 Ma
17 V*
Eastman
Feb
38%
*31%
20%
2
'
36 Mi
40
36 Ma
•-:;. 41%
*58
10%
23
V.
*23%
Mi'-
37
>
,
*15
-1
a
27 Ma
'
37
"
10%
23%
23%
37%
33%
47%; /
18
30 M2
*95%'
.
24
~
15 M2
>
.10
22% Jan
109
*14 Mi
•
Eastern Airlines Inc.
44% Jan
25%
.
Dec
14%
37 Mi
lagle-Plcher Co.
2
10
28
14 Ma
23%
13%
*97%
,
100
$ per share
11
12
14%
'
>
16% Feb
47 Me Feb
800
34
:
U
60
*58
*22
*14 Ma
;
35% >35%
l50c
60
10%
56% C57Ma-
<
—No par
No par
EXCHANGE
■
38 Me Feb
162% Jan
15%
'
'
23
*17.
.,,13%"
*58
STOCKS
Jan
Oct
21
10%
17 Mi
15 f'
preferred
Duqpesne l ight 5%
NEW
18% Jan
Dec
32 Mi
20%
34 Ma
21I
22 Ma
*38 Mi
30 Ma
18
DWG Cigar Corp
22% Jan 29
11
34
20%
23 Vi
39 M2. ;
*17Ma
common
Preferred $4.50: series
r
16 Me Feb
57%
50% May
10 Ma May
•
>
198 Ma
■\
15 M« Aug
104
Dec
:
share
/
-
Highest
,
35 Mi
20%
10% ',
*17
...
No par
Co
Corp
487/a July
*
Dec
88
t per
{
1.200
18 Ma
8 Mi
8Mb
10%
8
18
34 Ma
"
60
10%
24
5
International
*! ( >
19% Feb 21
Apr
51
Dec
42% May
,
1
Range since Jan. 1
Lowest
17%
>
»
107/a
18
8
18
[
21200
.
32%
>'
;
40
13 Mi
'
Vl3
24 Mi
>.
fU42% May
„
>
,L
"v'i-i '
25% Aug
Jan
16
>
Highest
,# per share
19%
»•
•
41
*23
*38 Mi
No par
Preferred $3.50 series-;
.
Range far Previous
''
•
1
40%
17 Ma
>18
37Mi
-
par
Corp
Pont de Nem
Du
27
**>
copv
Duplan
5i.'
',187% Jan
2
Jan <'; 6v.j
113% Jan 28 >. 120
> 97% Jan
20
94 * Feb >11
Jan 13 .
113
JftB; 2 %115
15% Jan
2
13 Me Feb 13
164 Me Feb
•
1115%
>92% Dec
110% Sep
14
Deo
■1
3%fi
32%
40
32 Mi
X7%
8 Ma
,
*58
11
*32
47.%
Ltd
preferred series A.
2
8 Mi
60
23 Mi
14%
1
__No par
Dresser
,\>86M2 Mar
35
32 :.f
40 Ma
40 Ma.
20%
*lo7/e
2
•3.25 2nd preferred
Industries common
9,
30
24% Jan
12% Feb 11
Feb
'19
10% May
14% Nov
173
May
115% Dec
v
$4
14
Jan
90
21
;i97
Ocf
104 Mi
•
20
32% Feb
40%
35 Ma
iNo
common
Chemical
Dow
40 Ma
20%
*14 Ma
2
1
Aircraft
Douglas
"2
40 Me Jan
36
32
*31%
35
24
I
Co
Co
Mines
31%
35%
35 Mi
31%
20%
-No par
Pepper
36%
8 Ma
*23
-
25
A
Dofchler-Jarvis
Dome
59 Me Mar 11"
2
47% Jan
', Dec
,114% Feb
Dec
Dr.
24
32 Mi
36
32 Mi
36
32%;
31%
31%
32 Mi
>100
88%
12%
31%
"31%
?
,8,100
*31 Vi
10%
35 Ma
*37
Corp-Seagrams Ltd
Class
5
19
42% July
.
.
Car
Motor
Dixie Cup Co
5
Jan
16
Feb
29
Jan
76
Jan
5 i v 53% JanT.8
xl7Ma Feb
Jun
2IM2
91% Dec
14
May
80
Feb
39 Ma
45% May
36% Sep
98%
Oct
34
May
Dec
28% May
16% May
7
38
16
10%
18
:12.50
Divco Corp.
40 Ma
5
2
17 %
%
10%
<18%
No par
common
preferred
T
11% May
•
„
Match
19
10%
33 Ma
*58
1
1
5
.
Raynolds class A
par tic
10%
20%
;
-20
12 Ma Jan
Oct
*10»%
34%
100
pfd
60% Jan
16
>
for
6
26%
10%
"
11
Jan
10%
•.
*87 Ma
13
"36 Mi
18
1.
Jan
25
13
8%
100
com—
10 Me Feb
17%
-
for
10
9
13
41 Mi"*'
21 Ma Jan
22 Ma Mar
90
12%
*40%
13
58
Oct
90
87%
Ma
12%
32
Edison
Detroit
90
87
'88 Ma
100
1,100
27 Ma
20
;
-.f
Grande West RR
Rio
ctfs
Escrow
1
26%
\
89%
88 Ma
26%
11
36
-50
*88 Ma
20
27 Ma
12%
.100
•;
89%
88%
Ma
20
13%
*31% 1
Lack dc Western
&
Escrow
2
Jan
14% Feb
Hudson
&
-
■■''!
400
16 Ma
*15 Ma *
19%
;
;
-T-
'
14Mi-
89%
26%
1,800
•>■
91 Mi
/
*14Mai
(
16 Me
Ma
*15
»
19 Mi
12%
.20
;
"
16
•
19 Mi
26 Ma
*90
14 Mi
I*
?
4 21
21
,
Mi
91
.
13%
*32 Mi
No par
common
preferred
19
42 Mi Feb
20
11
Co
&
> ' 89
10%
—1
Deep Rock Oil Corp
2
Denver
13% July
20% May
:
32% Mar 11
33 Ma Feb
62 M2
Aug
1
46% Jan
Dec
44 Mi
*15 Ma
*87
19% Dec
4
10% May
35%
42%
89%
*87
27 Va Mar
6% May
25% May
20% Dec
59
: 26%
*88 Va"
r
9
Me Feb
26%
26Ma
100 t;
5
35 Me Mar
29
16 Mi
19
26%
'
100
—7
__
*90
*13% '13%
•
19
series B
41
Oct
Feb
26%
series A™;:
20
46%
38 Mi
*15
19%
Preferred 3.75%
Feb
30
Aug
May
15%-
Xl9%
Preferred 3.75%
Dayton Pwr & Light common
12
13% Jan
31
15 Ma
16 Ma
20
14
13
33
:
13
9
10
*15%
*19%
.20
13%
'<•' 21 Mi
21
21Mi
•" 92
♦90 "
13%
~
l-;
14
21 Mi
90
*88 Ma
'
Jan
90
Feb
Feb
20%
Sep
*13%
-A' 15
*14
(The)_. —1
Corp
90
90% Jan
28% Jun
5
12% Mar
Chemical
21%
*88%
26%
25
2
.
2
>
*21
90
•
'
Jan
85
23
20% Jan
> Jan
-84
84
Sep
*87%
Davega Stores Corp
5 %
preferred —,—
9
Feb
21%.
21 Me
100
__.
common— 1.50
22% Jan
24•
12%
—1
series A
3% %
pfd
17% Jan
82%
t
Cum
25
13 Ma Mar
Oct
15
>16 Mi
?
Corp common
18%.Feb -14
Oct
24%
14% May
87 Me Mar
Dana
?
2,300
110
Volume 167
Number 4681
COMMERCIAL
THE
FINANCIAL CHRONICLE
&
.(1161)
21
new york stock record
Range for Previous
•
Pear 1947
Lowest
S per
Dec
Lowest
Sper share
46% May
•42 % Jun
19% Mar 11
Feb
62%
May;
39%
99
Dec
•JO
: May
>•
13
Dec
X
17%
: May
•ir
24
Ferro
19
11"
14,
x98
50;
4,58
l i.:
114 %
;<i
4>
*:
Jan,
May
.
Jan<.'
.
40%
Feb;"
>.
Feb
16"
:
First
Firth
5
26
23 V* Feb
>•'
102% Jan
15
34%Jan.
•
2
21%(Jan.
10% Jan
;
5
t '
j) 1
Dec
-
33
July-
i
25%
•36% May
22
18%
Dec
r
77
Dec
35% Feb
,103% Mar
39
Jan
31•
20
*_10
:.55%
55%
♦54%
55%
543/,.
543/4;..,
25
4.5%'
45%
44%
45%
44%/
45
'
;
No par
7%
13
Feb ,18.
>.-.17% Mar,12''.
77% Feb; 18
1
5
24% Jam
81
'
.
33%
*30
5
Fruehauf Trailer
Jan, .5
*;4l%
:
:
14
xm
*78
437.
44 V.
44
44%
104%.
43%
43%
3,400
*98Va
*30
13%
-v.
27
35
34%
89 3/4
26%
*98'/a
100%
32
23
*22V»*
5% May
(18%
,
Jun.
14% May
10% May
;
100
48
,
.
.
58%
.
102,
Dec
11
;
-
(
Dec
37
Feb
:
■
> 33.
Dec
,
34%
87
43:
13%
1374
133/4
38%
38
38
/
*107.
11%
\*10
r
lav.
107a
.
18%
187.
*78-
-
Mar 12
8,
787s Jan
-
2
117« Jan
-
.38
6
Feb
xl22
19
x9 % Mar 12
40 Va Feb
J7
;
Feb
Feb
51% Feb
14
119% Feb
19
Sep
93 Va Feb
17
13
Feb
16% Feb
Feb
-A
3% May
18% May
15
2
*22
24
14%,
14'A
14%
38
38
11% Jan
22
23
6%
26% Feb
10
128% Jan
29.
128% Jan
5% Jan
Jan
Mar
11
28
Jan-
Dec
35%
Apr
30
Dec
106
21% May
81
Nov
;
5
General
31% Jan
12
General
2
A
22 V* Feb
28 % Jan
20
23
24
/
Gen
15
Jan
Feb" 14.'
Feb
10
Feb
98
22 Vs
85
72% Jan
23
Jan
28
89
•
1
2
Jan
Utilities
L-i
■
•
■AV4%
3%%
*34%
75
35 V*
207a
*142
144%
32'/a
35
94
141%
x32
357a
94
■;
523%
974
121
119%
*97%
120
98
5174
527a
120»%
120 »/a
*96%
13%
133%
13'%
13'/a
18%
18'/a
18'A
18%
18 Va
*14%
1478
147»
147a
14%
14%'
2'/a
2%
12%
2%
96.1/4
*
12
12
24%
(.24
*1253/4
128%
1253/4
128
4%
47a
43%
247s
*233/4
•
*
.
18
147a
143/4
24
%'v
*1253/4 •
23%
*25 7a
26%
*25%
26%
26% •26%
113%
113%
113%
113%
*li2% ;ii4..,.
27%
.27%
27%
x265/a
2674
24
*23'/.
24" V
98 >
*27 %
2874
*94
/
/
27 s%;
*23
.
5
98
24 V.
preferred—
;
100
:
100
*78
27%
.
*23%
■
•
;
88
24
*23%
*94
24%"
*8674
preferred—i
(9 per share ^- 9
fit23V«
May
90
Dec
t
21
9 per share
277. Feb
92
Feb
1774 Feb
14
Dec
.'
Jan
80
Mar
98
*94
24
*863/4
98
r
*94
82
21% Feb
11
'27.7i Jan
Sep
48 V. Feb
27
53% Jan*
Feb
4
124Oct
Dec
33
Mar
113
Feb
^
193% pe5
41%
Dec
Feb
39 J Mar
95
Dec
109
Aug
97
13% May
l
Jun
Dec
:24
Jan
,'61%
Feb
94% Mar 11
16% Feb
Jan
24 % Jan-
,
x47% Mar 10
Feb
Jan
120
18
July
106
&
MarlO
99%
71%
1
$5
12
7
57.% Jan
100
*%%
9
20
'
9
11
Goodall-Sanford
'
Goodrich Co
9
:
9
■
•
Co
Inc
(B F)
preferred
No par
*78
6
*
V.-v
par
21
*97
r
,
'■A'-
97
A.
40
40%
99
99
*17'%
.
18
(
»'-■•
'
97
•
17
971/2 '
*97% '
"A' i;
*16%
17%
1774'A;\
...
98
7'
3
; .8% oct
May
5%' Dec
••;.
31
*
Jun
41
37. Feb
27
57. Jan
2
53/8 Feb
8% Mar
17
6
2
.Jan
Graham-Paige
/
Jan
253/4 Feb
14
33% Jan
7
12% May
21%
Oct
18
Feb
11
217. Jan
16
Granite
23%
Dec
33
Jan
24
Feb
16
267a Jan
29
Grant
90
Dec
107
Mar
90
Feb
26
9
May
9 % Feb
19
28
Dec
12
14%
Dec
•37%
49%
Feb
30
Jan
12% Jan
96
Jan
Feb
36V. Feb
Dec
27% Mar
20
Jan
22
Dec
163% Jan
132
Feb
27
,.,59
May
:
-
70
Feb
Mar
62
Jan
433/4 jan
,
.
-
13% Mar
11
20
,133
32
23
„
Mar
144
5
Jan
77
■
15
Jan
33% Jan
Dec
21% Mar
14'% Feb
10
16
Jan
,»C
July
9
92
-
,78
12
Dec
105% Feb
33
;
•,
93
Dec
;
Feb-:, 5
12
t
Jan
9734 peb
30% Feb
8% Jan
,5 Va Mar
8
11
Northern
Ry
6%
*97.
No par
97.
*30'%
No par
pfd—No par
*13 V.
Prop
>134
100
13%
*58
>■' Greenfield Tap & Die Corp
Greyhound Corp (Tire)—
2
A Common
:
*313%
13'/.
x
21
21
:
48 3%
487a
94%
'*9378
98
*14%
Dec
85
Feb
Feb
123% Feb
11
51
Dec
7"%
16%
; i3V* Dec
44
Dec
Feb
.
577« F«h
14""
Sep
Jan
Jan
>
11
7
Jan
4%%
12
•
/167a Mar
.
10
15
2
$5
conv
Gun
5
253%".,.,
91.
r.
91%
397s
11
A
97b
*29'%
"
:
13%
1
31 Vs
13
,13
•
'
•; i
\l 37 : ..'.'38 / !
21%¥ •'/•'• 21%. 21%'; ".
1341/4
1341%
135
65
*16 s/a
17%
V
4
'
53%
*5%
*28
■.18%.
.
25
*90%
313%
223/b.
.32%
15
.
;400
7'
12,900
300*
'
30
/, 18%
.
: 600
,18%
700
25'%
',*25%,
26'%
90'%
91 %
"911/8
93%
13
,-T
;
32
13
:
377a'
,
377a;
203/4 .: ,21
,
93%
9%;
32
32
14s'8
147b
107b
/
103/a
951/2'.:;
*95%
32
131
•A
13'%
21
135
33
13%
•
2,500
220
9%
.
32
X
13%
;
:
*133%
135
1,500
1,600
A
'*58
32
32
14%
60
* 65
14%
.,
1,100
'
*141/4. .143%:
,*700
100
6,300
'
"21%
*21
.
;•
38'%
A'377b'
v
Vb
65
*32
A
:.T
'
38%
;•
*58
15
"*29
38
*1331/2
65
*14%
*29
207a
*
135
x95V2
.
8,200
200
5 V2
*28
300
'
.
4
90%
u
*93% A 93%
*29
xlO '%.*
,
(:
'
'
;,
25%'
"91'%
135
-
65
32%
*14%
g,18
3%
5'%
183%
25 Vs
V
•r
30
*18%
;.
,97 %
*167/b
f-
'53%
*5%,
29
*18%
;a94
'«*r
<y v.
94%
.
39% ' 397a
98
:•'• ' 37B
: -
.4
*58
135
"
*58
.1
1
10%
.
107.
10%
107. '
97%
97
97
36 3% > 38
.
V
*53%./
*87%
Ohio RR com_No par
16%
No par
—
Corp_.
,
Gulf States Utilities Co
25
62%
No par
-
383/4
5%
88
51%
*8T'/2
16%
V'*48 A
v
"
38'%
53%
88
157.
♦48
627*
153%
157s
,••'151/2'.
487.
62
15%-;
88
47%
'
•
32%
39
Dec
V.14
Jun
,^13
Dec
Jan
.
31
15
Jan
5
Hall
3
14% Jan
5
•
81% Mar 10
102%
Dec
108%
Sep
Apr
Oct
27%
22
May
21% Feb
Jan
148% Feb
Jan
27% Feb
Feb
6 'A Feb
100%
12
.
.
Apr
Dec
Mav
x95
Dec
For
footnotes
9
31
Jan
28
9
7% Jan
79
25
67. Feo
11
6
Oct
w-h
,11
35%
Jan
-30%
Jan
x20
Mar 10
217. Feb
78
Jan
27
w„h
13
108
95% Jan 23
July
page
28. "
pv
•
Jan
26% Jan
87
Jan
99
Jsn
Mar
preferred—
&
z
Marx
class A
Hazel-Atlas Glass Co_—j
Hecht
13
'
49
6%r
Hart, Schaffner
2
1
Co
common
3%%
Heinz
preferred
:
(H J) Co common
3.65*
cum
*31%
5
13'%
13%
No par
13%
13%
100
preferred
Hayes Industries Inc:
Hayes Mfg Corp
26% Jan
14-
103% Apr
; 4°% -pv»b
preferred
4%%
8% Jan
V»
conv
Hanna ,(M A). Co $4.25 pfd
Harbison-Walk Refrac com
Hat Corp of Amer
Jan
Feb
9%
see
4
150 % Jan
13,
24
74'% Mar 11
*'
15
Water
(W P) Printing Co—
Watch Co com
12
26 % Jan
13
Jan
1033% Feb
*
24
10%
May
90
10
39 %
75% Dec
Dec
1011/2 Feb
Dec
160
28% May
6% May
25
x
89
A*
'
*95%
39 7e
200
53%
5'%
87
88
*47
'
~
•'•
•"i^;fi5^
.
167?
r:.. '48%,
r
5%
:
16%
Va
>
,477a:! 48
61a%
62
153%
15 '/a
333%/
155/a
19,900
A 80
•■■!;
383% ■ .39 7a V
5%'"
88
18,200
1,300
88
:
150
" '
25,400
'("4874' 48% h
1
613%:'62%
15%v. l574
400
343% '..343/4
-
,,
"
,.""•51/8
88. "
62
61'/a
153%
*95% " 97
I
407b
"
*87%'
16
10% ,,10%
97
39%
5'/.
153% 5
;47
62
97,'"
10%
161/8
,
167a
.
22,000
8,200
.
<X Ax
Hamilton
•
Feb
4% May
Hackensack
9
13% Mar
112
A 6
•
1274 Mar
Jan
,
Dec
148%
343/4 Mar 11
10:
Feb
19
87%
19%
Feb
19%
i
,:
157b "
61'%
10%
10%
377b
5'%
87'%
-
6278
153%
37% ,/38%
51%
167.
49%
«.
A
H
;
397b
2,000
5,200
i
"
9% ;
,.
v
*96% *
r
No par
preferred
Gulf Oil
153/4 Mar 10
preferred——
Mobile 81
$5
3
—100
Corp
Sugar, common—
Gu&ntanamo
1
5
7R% Jan
10
'
1
49'% Jan
preferred
Grumman Aircraft
2
89% Jan
■
.
7
14%
,31 7b May
"57% Apr
♦!,
94%
*95%
*27%
.
38'%
*58
32%
Nopar
97a'
307.
X21%'
65
,,
91%; A
38 "
1
135
,
1
187b
25
26
*9%
223%
_100
RR
•
28
18
30
,
1
•
30 y.
'
38
22%
28
'1,200
114.
487b
'
31
38 V
.
No par
9
403% Mar u
9
95
May
6% May
{
10
„
Dec.
17
May
,A. 4% May
1
pfd—x
:
183%
*90%,
conv
*5%- ;,S 53% :
'.'■
29
114
114
21%
;
«37B
7. :* ':-5s%
287.
183%
;
183%
91'A
cum
%7
100
'
4%
.
f.
t
30
18%
4
*9074
Green Bay & Western
Green (H L) Co Inc
12
14%
A 8
253%
Great Western Sugar com
7 %
preferred
•
-
27
21
4
4'/.
6
*29
_No par
^
T
26»/»
Gt
2
29% Feb
No par
Steel
Co common
Ve
*574
*25%
$2.25
5
35 % Aug
Co
City
Gt Nothern Iron Ore,
20
Oct
Union
(W T)
5
5
*
3
29%
'
;4
L
37*%
preferred——^,
100
Grayson-Roblnson Stores com__^__l
6
19
<
Grand
>
16
-10% Jan
23
Sep
17
34% May
Feb
-
Motors-
Granby Con sol M S <fc P_
3,800
•
A
49%
4%
21%
•
A
7
,'213/4'
21%.
*
*49
48'%
-n'/a, ' 17%
'
'
43%.;
*111%
,l39%;
39
99
«:■
5,100
*79'A",.. 80
217;
*4S%
953%:i
*94%'
40 Vs'''
1
39'
*98
:
:
100
IB A.
48'%
X47 V2
v
49%
5,500
94%
21%
21
21
50%
18
'Shares
7
30
*93
80
/•
Sales fur
the Week
share
29s/a
947.
•49-
'
4%
113
^
3#%
18%
*79%
21%
21%
'
Friday
per
18%
40% :
i
4%
118
21
H'-
•,
'•
•••
117
487.
*50%
97%
*98/100
No par
-21
507.
47.-'-
100
■A Mar, 12
30'%
80
21%
*49
49%
4%
*114
403%
'
407.
»,
21%'; 22
90
82
Mar. II
*93
18%
*79'%
117.
-■"-"•207.
50%
81
49%
/ 88
9 per-*hare<
:
95
18'%
■
2,300
*78
i
■
24
*86
,
82
Thursday
<t
30%
*93
19
.
47.:
*114
•
29%
...
18%
.
49%
"•
9 per share:
*79%
•
22%
•
297..
96 y.
*93
i,W
84
47.
,
117 !•.:
/A 50%
__No par
*49
43%
207.
.
191%
88
.
100
98
*23%
:
.*
PRICES
Mar. 10
:
24
.
1.000
a-
Wednesday
t<
'*94
98-
*86
79%
2^%
95
19
*79%
21%
*94
863/4
9 per share '
<
297s
95
49%
>
<47.
*114
j
_No par
—
$5 preferred i_—
Gotham Hosiery
>*
•
—10
—,
com
j
.
_100
Goodyear Tire <fe Rub com—No
9
18'% Jan
$5
*49
1
297.
84
22'%;
22 V*
50
~V\
I Par share,
l&V.
*79%
(
No par
00m
..
96
19 V.
V
S
-130
267.
79
HIGH SALE
1,400
115
237a
863/4
'J ;^iAMa)!v.ff4>-,:A'
5,200
-
26
>
267b-
8674
Tuesday.,
;/•
Mar.g;,':
2 9%
.
*94%
preferred
conv
20%
v
5
No par
Goebel Brewing Co
Gold & Stock Telegraph
'
.2
;Jan
Nonpar
Monday
-
i9 per share
Par
Nbpar
commpn
44.50 preferredGlidden Co (The)
2
Jan.-
101
com
pjeferenci
Brothers
/.
r
44V. Jan
9
19
Safety Razor
conv
Gimhel
5
.
"•/,'•-A
Mar. <i
;
26
114
.
*22 7b
'24
/;
%23%
23
.:
;
■
700
4
223/4
237.
82
4'/a
2674
237a
LOW AND
•/Atlk;
Saturday
-•
26
900
9,600
233/a
41253% 128%
23'%.
'114'
"
V
2Va
#
.
X223/4
233/4".
*78
2%
26 3A
8674
88
*78
•82
•','./
1,400
4%
*25%
"113
•.
',.15%
900
'
; 233/B
128% '
4%
23%
24%
"A /
•.■;/•:••.;•.•-
-
■,._■■
•
2
84'% Jan
'
•
Gillette
4
21% JSan
58
49
v
3
>
Nov
'
'-exchange
'•
2
95% Mar
.
26%
Jun
-7/
36% Jan
13
Feb
-A-
STOCKS
v
NEW --YORK STOCK
$ per share
13
Jan
103
-
Highest
30
51% May
5 % May
104%
share
.36% Dec
Dec
22%
Lowest
105%
17% May
85
per
AAA A.
; Range sinee Jan. 1 A'
•;
!
4,700
12 " : 12%
12'/a
233/a
26%
*
_100
"
24
*1253/4
•
114Va
;v -'•-•
A''« :
for Previous
A
;//'
Year 1947
•_ A
Lowest
J Highest
:
4%
23%
900
18%
274
233%
128%
:■
23%
24
.
*2%'
13.7a
15
143/4
12
24%
•
4%:
4%
4»A
25/a
12%
*23%
*253A
■
par -
*1378
18
25/a
*
,
1,400
•96%
*
137a
18'/.
117a
AV
21,600
121
96'%
18
13%
<'
220
1,600
513%
121
e
A
98%
51'%
-
200
1,600
121
98
517a
14%
2%;
2%
*
12%
2 4 3/4
*23'/a
r
120,
98%
500
9%
44%
44
v
27,500
4,500
94%
?
x9%
i
120:,/4
;
30
321%
35
*93
'
96%
137.
142
35
-
120
150
313%
974
51%
* 113%
Castings $6 pfd—No par;
20
;
12%
*24%
128%
*47.
t
2%
12
243/4
/
24gj&
' *125%
•
*139
45."
120'%
Xl8
.
5
'
'
7
—1
."V
300
96%
96
*133/a
14
600
21
94
,98%
513/4,:.
120'/a
./
961/4-'
74
347.
120%
517a
1203%
96 'A
97
4,100
74. t
"
120'
S8
300
10%
21,
35%
*978
■
10%
10%
343%
327a
/
■
4374
120%
97%
52
51%
120 Va
97'%
94
1 -•«
30
*101%
'
-
1411%
313/4
35
97.:
300
1,600
149
3474
141%
44
1,900
9
149
•
43%
120
98
-
51%
104
9
•
763/4
94
'
*9'/a
44V»
102-
5lVa
•
21'A
3474
*21
32 7.'
*93
974
44%
18 %
Nopar,
Corp
10 •"
45%
A
104
10%
35%
357a
*100
a
■"*;.
1074
•
*74
343/4
207a
141%
/
32%
357a
2,700
i5a% -:
107»
75
20'%
;
1,500
123%
9%
150%
34'%
•
100
19
1
*10
3iv,
,
12%
,51
10%-.
600
1,600
18 3*
102
v
9
500
5%
v
*3072
::
104
10%-: > 107a X'
76%
*75
*20%
.
57.
t
300
19%
127i
50%
'
5,300
19
r
*103%
51%;.
104
*10V«
■.A
327a
*97
*100
153
120'%;
5
Gen Tire <te Rubber Co com—a
.7.
79 Va Mar 10
102
^
153
*97
^
10c
"Corp
preferred
1274
'•
*187*
*30-%.>3l%
«
400
a
A,*ia% .187.-1
*13'%13%
6'%
187.
*150
144%
•
G-
•
9
35%
*11978
■
20
7
,
77..
.
13%"
1274
X503/4-
-•
19 V... 19%
19.
!
34%
6 Y,
1
8
-
13%
•
3i%
9
76 Va
*93/4
'
98
• 1 *13 '/a
Co—1
Refractories^
Shoe
Steel
4%%
'•
Feb
No par
General Telephone Corp
Gen Time Instr Corp com__No
;
Apr
108
Public
6
*100
y.
107a
95
19
9%
120
'
-
Railway Signal 'com
-No par
6% preferred „_Ji
100
Gen Realty As Utilities
10c,
123% Jan
Feb
7%
77*
■
•
*18'% ,19
19
:
10%
*44
121
*97
Corp—Nopar
Public Service—
'
;
.■
•'
13%
104
10%
* ■':
t
1
13Va
-
T
10 Va
21
19
513/4
10%
*93
-
10
44
52%
No par
Gen
13
Janj
40%
Dec.
•
•
13
x26% Mar 10
Equip
Gen
,
r
—No par.'
Cement
95
*120 V*
•
10
com
series—
Advertising
Precision
Feb
25
Jan
,-i
Outdoor
110% Feb
124% Jan
..
•7%
7%
l«3/a
323/g
v
4,600
•
7%
•
104 V4
10%
*142
327a
900
.
18'/a
78
*30%
102
-
*151
>
21
.
10"
177.
76'
51%
*9
153
343/4
-v
*97.-
18%
:
"
100
:
$3-75
Gen
7
4
22% Feb
Corp
preferred—
•Gen
:
29
1
•
iav«
78%
*1037.
"
10%
35%
*93
900
,
12%
*100
52 Va
*75
32%--
: *9%
800
373/^
18
Xl8V»
•.
19 Vi
103/a
'
75
;44
14%.
*78
19
31%-
12%
9 %
7. *1517
,
20
14'%
37%
,78%
,
6
> 18%
104 >/*
9
153
35%
—100
—
General-Portland
.
2
-
'
Apr
Gen
5
7
Oct
367a
May
$5
5
127« Jan-
Jan
Feb
29%
■"
General Motors
5
Feb
Feb
.
1,000
1,900
24
18 Va
,
X774'.
>.
6
*20%/
:
•
i
*23
381
,
.7
■
1874
6
102
* 1037a
10%,
^
_l
preferred
conv
/- Preferred
12
Jarf
3%%
,
16.
20% Jan
5%. preferred
1874.
.
12%
52 Va"
75
,_No par *
common
*13
.
30 :V4
*100
,.,.*34%; ^43/4
7 21%
*142 ■»• 144 Va
'
preferred--—No par
Instrumenf"C8?P—
V
10
3% Jan
*
...
187a ;*"i
13%
187.,-
-
16%/. 193/*,,-,,
\ *21
No par
Mills
-
30%
;
>
lOVs,
com—No par
General
19
9%
-*10%.. .11
7
3,200
24
18,
8%,
'
100
General
"
23
,
16 Va Jan
'
'
,
201
Jan
3
16'/a
140
21' /
13
Feb
31%
;
•
Mar
Jan
2% Feb
4%
Oct
14
14
987a Jan
11
26
9
Jan
58% Jan
11
Dec
Jan
121% Jan
••
83.50
''
,
...
13%-
19
/■••, 123/4
104 V*
6
540
27%
27%
*78
7%
8
6Vs
io2>
*151
2nd preferred
50
Cigar Co Inc com—-No par,
.preferred
100
Co
•
6 V*
*9"
.
19-.
"
"
5i%/: 5i%
*1035/a
conv
7%
,
4
100% Jan
Mar
Jan
Mar
1
35
9%
90%
28
34%
4,800
907.
91
X27
90%
200
27
9'%
33
,
'
"
"
.li
—
1st preferred—
-
\%
28
Jan
126
10
20%
i.
*77.
v.
*13%~
..
:
13
♦loo
?
5
General
.
12
25
19%
May
s
•>4%.
2
48
..
13
,118% Feb
x
Feb 1
65%
Dec
125
1
100
8%
19,
,
13«/a
127a
Bronze Corp;_.
5
General,Cable Corp com_—__Nopar
12
Jan*
144
General
,
26
Jan
24
,,
95
16% Mar
2% May
11% Dec
19%
i
19
11% Jan
11
Aug
54%.July
,
-95
9
Jan
•
pld series AJ_
——No par
General,Baking Co common—
—5
$8 preferred—;
—No par
Electric
13% May
.18% Oct
85
10 Va Jan
155
'19%
•
26'/a
9%.
X343/4
500
1,000
7/'7
7%'
8 Va
■
♦31% V31%v
v'*19Va Jl93/*.
84.25
Poods Corp
129
■
19.
•
19%.
6 V*
Investors com—1,
General
107%
26%
American
General
131V*
27%
9%
107.7 10V.
,
18%.
78%
*78
78%
*7
8%
■
i.
50;
,
-
3
Dec
26
General
'.
2.
•,
—
'
*18%
t
Gaylord Container Corp_——1.66%
/
39% Jan
Dec
101%
2
.
357. Jan
120%
■A
Jan.
34% Mar
Jan
-13%
preferred-
conv
31% Mar 11/
Dec
94
4%%
■/.
Industries. Inc
Feb
51%
?
Gar .Wood
"8%
■■
*13
—No pay
com
1
—
Jan
Dec
267.
27%
38
'
"
133% * 137»"*15% - 16
90%
,14
4.
31
,
■
17
35:
*23
2,900
100%
'
7%.
t,*18%
—20
Co
39%
Dec
100
•
9
Ja»',.7
4
a
98 '/a
*30
.
600
333%
26%
...
24
13%-.
78%
*7%-
•
(The)———^_No par
45%
May
123
C<x
Gardner-Denver
Dec
103
1
—
Jan 29.
94.50 preferred
58Vs Jan' *5i •(vQeneral Amer Transportation
11,
Jan
8.
104% Feb
34% Mar 10
138
„^
preferred——i
9, •:Gamewrell
102>
,
20% Feb 27
Jan'
.6*
13% Jan*. .'2.1'
6
9% Feb
-
5
23
10.
10V Feb
-Feb
160
/
13
Mar 12
74
Jan-
(The)
.•
May
Dec
10%
-'-i
Jan.
14%
,
13
,
Feb
•
Gair Co Inc (Robert); com-*——1
Co
1
8% Feb 28
149
18%
Dec
32
Feb
2
33
50% Mar 11
July
Feb;
9
67« Jan.;
5
100% Jan
83% July
47% Feb
Sep
137
....
•'
Gabriel
; 14r; Jan.
•21% Jan
11
Jan
18% Feb
V
Apr
23%
'
,11% Feb
Oct
13 V*
•.
100
2
20'
13
5% Feb
..
9%Jan,
(
,
27
Feb
30
Dec *
;
185
.
8 v: May
71
•
i Jan
Oct
,.t
.
Oct
.
12% Feb
--
23%-Dec
109
Dec
9%
■j-
Feb
A 16
Apr
149 %
-
Feb
'
NOV
-
xlQl
9%
i 43%
9
18
:.
22 '%. Dec
i
11:;
187# Mar
Feb
Vv
*
133/4
'
7% Feb
Jan
17%
.
•6% Mar 12
Oct
21
:
4% July
.26% Aug
i'
Feb
10%
.
•12% May
'14% May
.
17%
!•
31
1374
9%
.•
1
;
Dec
'
ioo
16
33
-
90
38 V*
f
8%
■
'
50
*15%
343/4
-
800
104%
50
r
157.
*1574
2T-
*104
51%
.
*30
17-
9 V*
263%
*
100%
207.
*19
337.
137. v. ,133/V:
90
28
■
33%
.
343/4
90
27
23
j
33 y*
267*
97».-
90
.
153/4
j' ;*16
26%.
9%
*50
157*.
*30
7
.,
17'
26
9%.
*104
51%
*98%
-
'137.
x
*16
104%
157.
,
.'
.
32
.
137.
17
207,
51%
*104
«.
100%
31%
21
327.,
1047.
..
34%.
•'
18% :
•.
::
1,300
i
*10% .11
.
547,
33%
9%
*38% .33%
.
.-
543%
-:
27%
*13%
5474
32%
„
23
:
—100
;
-.
35
27
*22%.
Co common;——1
preferred—
cum
-9%
*89% -.90%
t
100
54 %
33%
26%
'
*34%
;
•
-
193%
543%
15%
17
.26%,"
*9%
19%
54%
51
v-,.13%
.18%
••36V*
19%
15%
31
13%V
~
*16
.
*207.
193/4
51
'
Shares
2074
*19
15%
100
the Week
.
share
x203/4
52
*98%
"
Sales for
Mar. 12
$ per
*
19%
,
33
*
*13%.
.
*104
104%
,
Friday
Mar. 11
S per share
21
21
*19
15%
•
100
20%
51%
,
16 Vs
*98%
No par
*104
53
'■
*33
Steel Corp_
—10
Food Fair Stores Inc^
1
Food, Machineay ;Corpv f new)_^^._10
3V*% cu»*5on* pfd——J.—100
-
7.
Jan,
■>52
*15%
•;
20%
V
(
104% /
.*104
No par
Foster-Wheeler Corp .common——10
25% Jan:;5 > f■;,-6%- prior prefersed
—25
14% Jan 27/ -FTancisco Sugar Co
——-No par
43% Job 8 : Freeport Snlphnr Co—10
12 % Jsm r!4 .' "Froedtert Grain Ac
Malting Co Inc. 1
26
.10
,
*18%
—
39 Va Jan>13/i
'92V* Jan
26
12% Feb
Jan-
,
:
3
27
22% Feb
v
Jan
50% Feb
t
A
-
Feb.
24% Feb
26% Jan
•;
Ell% Nov
-
Dec
Feb 24t
89
■
32%
x23;% May-.
12 % May
f
--i*m
110
(19 % May
21
.
Thursday
Mar. 10
S per share
*
20%
Follansbee
/.
$ per share
U9%
-No par
Power Corp^.^
;
Florshelm Shoe class A—.
40% <Jtan ,32;
'4,.
•
"20%
100
Stores
Carpet Co
Florence Stove Ox
'
share
3 per
r
/
PRICES
Wednesday.
1
Florida
6
.
(The)
Mar. 9
5
Mfg Co
4The4 common—.No par
preferred—
—No par
$4
:
; -14 V* Jan > 17
•
National
,
Tuesday
Mar. 8
'
# per share
Fllntkote Co
11.»,
9% Mar
•
Par
,'
:v4%* .preferred—/-u.—
2
-
Fob 28 -
;
Tv
SALE
HIGH
AND
Monday
Mar. 6
Enamel
5
'"13 % Feb 21
■
Dec
15%
30
,
'
Tarrant
Sc
Jan
"
41 %
■'
*
17... Jan
-
•
26
-2
<
*.
7 .37% Jan
.
20
Feb
Jan
Saturday
Corp
»
Fidelity Phen Fire Ins N Y
(Firestone Tire ,dc Rubber com
105% Feb. 5
t
Mar 12
14% Feb
Aug
"110 % Feb :.
Felt
9
,58% Jan
.
Feb
: 31% Feb
Jan1
is
28
Feb
50
Oct:
6
21% Jan
u
43
<
v
»
!t
-i..
21% Jan.
10
104:-:
•
Dec *
Jan
Feb
53% Feb
-•
Aug
»'. 21%
..
1
Feb
..
107 %
:
51% May
14% May
20
■
61
,
104.i Sep
■
5914
:
Feb
Jan
LOW
STOCK
'
$ per share
26%
!
YORK
EXCHANGE
■
'
share
NEW
.
Highest»
26%
20 % May
■24
Range since Jan. 1
Highest
*
9 per share
20
STOCKS
preferred
33
*82%
Nopar
23
__ioo
83
*103
,13 A,
'133%
23
223%
*145
27%
27%
27%
27%
27%
7
6%
6%
*6%
—100
*74%
76
*74'/.
5
15
22%
"
'
7%
67B
76
67b
73%
*778
63%
■
67B
22%'
213%
-
*741%
..!
27%
23
23
103
23
*145
148%
273%
.
2,600
.
400
70
104
100
2274
*22%
*145
800
148%
•277b
273%
■ ' 7400
v
81%
*103
"
r
133%
13%
81%
83
103
j .34
*13
*13'%
,
13%
*80
103%
: .34
12%
•'
20%
-
7
76
*6%
*74'%
,
73%
•
7
76
-
*6 7b
7
74'/b
28
*6 7b
74%.
■-
-
700
67B
*73
*7'3%
6 3%'
2172'
73%
*7%
73%
*7%
100
67a
67b
67a
63%
7%
20 i/2
,20%
v
7 3%
65/b
'
••'•>
76
x20
20%
,
23
23'%
*23
237b -
86
*84
86
*84
86
37V2*
«37
38%
86
25
*37
37%
37%
37%
*93'/b
S9
99
99
*84
"
23'%
'
*84
-
■
*23
"
233%.;
'
23'%
*84
23 '/a
207b
'
20 34
23
23%
5,000
4/100
.
7
*84
86
20
200
-
'
23 t" '
100
100
148%
f
"
73%
22%
*145
148%
"
148%
27%
148%
-'*63%
83
223%
"
;
13%
*1023%
*674
*7'%
13%
■
103
27%
1
123%
137b
81%
1
2
123% ,"127.
82
23'%
•145
333/4
;
A
v* 81'%
7:103
>
—10
'
V
,12%
*131%
104
*22%
33?%'
.*3174
133%
83
23
*145
13
1
104
>
323%
13
*13%
84%
*103
No par
32 s/8
.
86
,38,^1
1
38jfA
;
800
"
"
3772
99
99
98%
981%
*36%
*98
-
"38%
-98%
■
•98-
300
■
-
-98%-.
T7
T40"
,
22",
COMMERCIAL & FINANCIAL"
THE
(1162)
,
i
•.
15,4948
Monday, March
CHRONICLE
,
i
RECORD
NEW YORK STOCK
Highest
Lowest
49'/3
Nov
140 %
Dec
51% Feb
Jan
68
165
$ per
$ per share
$ per share
t per share
Jan
22%
Feb
14% Feb
10
Sep
63
Feb
46
Dec
134
Mar
121
142 % Jan
126
29 %
38
Dec
118
Sep
Sep
Feb
115
21
2
Mar
81
11% Feb
Dec
li%
10%
Jun
26
Jun
Dec
28
27
Apr
x29 %
Nov
20
21% May
31%
%
% Jan'
25
24
26% Jan
Jan
21
Feb
5
14% May
20%
Oct
13% Feb
11
15*
17
May
25
Jan
15% Feb
14
20 % Feb
35%
Jan
48
Jun
38% Feb
11
42% Feb
24
30
Nov
36
II
35% Jan
2
9
17 % Jan
■
Jan
26% Feb
19%
Feb
14
44
56'-
Feb
36
" Feb
27
46 % Jan'
36
Oct
29% Feb
10
34% Jan
105%
Sep
89
37% May
45%
Jun
38
16%
Jan
28%
Dec
20% Feb
11
28% Jan
12
20%
Dec
29
Feb
19
Feb
11
22
Jan
9
Dec
28% Jan
85
Dec
3
May
4%
Jan
9% Jan
7
7%
Feb
12% Jan
21
'
May
43%
Feb
343/* .r«n
12% May
15 % May
21%
Oct
15% Mar
30
Jan
16% Feb
Feb
7%
3% May
38 % Feb
20
9
12
29
28%
28%.
*19%
20%
700
23%
233/b
2,400
28 Va
29
20%
20 3s
20
20
20
20
23%.
23%
23%.
23%
23%
23 %
23%
13
15
*13%
*19%
*
15
*133%
15
19 3/a
19%
19%
19%
19%.
40%
41
40 Va
40 7
29
14%
14%
31%
31
*91
91%
39%
24%
vtc
*38
385/e
24
19%
19%
37%
37%
*
-7
14
30 Va
11%
11%
*35%
15%
6.66%
17%
1
3%
3%
3%
3%
3%
20
common--100
pfd ser A_100
: *323/4
33%
33%
.,33 %
29%
29%
28%
293/a
28%
*68%
69%
68
68
68
Leased- lines 4%—,1——.—,-100
RR stock ctfs series A
—1000
*95%
97
*26
27
Inc
Foods
2
Hupp .'Corp
.
,
35%
*30
91%
91%
91%
39
39
38
38 %
23%
24%
23 '/a
23%'
•
120
i.000
"./■•'-< 3,500
200
1934
19%
38%
38Va
2.200
5%
6 Vb
7,500
'
6 %
61/8
,
.
;i
1,500
11%:
1134
35
"
35%
1,900
-15%
15%
11,600
12
15%
15)
16
16
33/a
3 V*
3%
.33%
33%
33%
28%
28'%
29 Vb
68
67%
69
15%
16%
16Va
16 Va
600
3V4
15%
16
35%
15%
•
12%
35%
*153/4
12
35%
15 Va
v.
600
:
20
38
638
6%
200
:
30%
39%
*193/4;
16
."
30%
37 %
35%
15%
J
30 3/8
*901/4
20
37
■
11%
12%
35%
14%
40%
23%
23%
*19%
400
5,100
143/4
15%
*38'/a
39%
39
.
:
*38%
30 Ve
90% * 90%
/
400
5.900
-
40
14%
14%
40
•
*16%
Hunt
28%
6%
6%
17%
16
28%
6S/8
*16%
16
28%
36%
;/ 6 3/a
11%
,.
28%
23%
*35 J/4
■
.,
28%
3 5 V4
,
11%
6%
393i
40.
20
*19%
■
20
373/4
19%
39%
40
23 V4
24%
*19%
*37
19%
40 Vs
91
91
38%
24%
*38%
19%
39%
3C%
30%
4*91
19%
40
*38%
91%
'
.■.'/31%
:
40
*133.1
40%
14
14
14%
3 l-vi
*38
40
*37
*28%
29
28%
14%
*28%
29 %
14%
19%
28%
a
400
15
*13%
15
40
1,700
40
19%
41
353/8
5
*28%
29
*28
353/8
4 % Jan
3% Mar 12
12
20%
*11%
Jan
18
13
12
223/4-
Min & Sm Ltd—No par
Motor Car—+
.-No par
Hudson
21% Jan 15
r
12'
20
Hudson Bay
:
2
12
*
28%
,
6
Mar
7
2
13% Mar
.
7% May
33
39% Mar 11
31
81%
12
...
29
\
1,500
■v.'..:
80 %
11%
403/4
25/
1
Howe Sound Co_
—5
Hudson & Manhattan common—100
5% non-cum preferred—
100
18%
.'81
23%
*
Corp
Howard Stores
18%
18%
81%
18%.
20
*14
—No par
Power
Texas
of
Oil
Houston
.„
10%
400
*
81
20
preferred———__-_100
Houston Light &
24
24
18 Vr
.
'
11%
i
12
116
24
*23
*80%'
lgVi-.
200
116
115
100
30%
-
813/4
18%
*81
-
110
V
■;
124
*29
*28
com—+_No par
Finance
12
*23%
preferred————5Q
conv
33/4%
42% Jan
Mar 12
Jan
$2.25
Household
'
81%
6,900
47%
47
>
VI15
115.
23 %.;•<•. 23%:
24."'-.
*23%
'>■
'18%'!
*81
12%
115
•//,'■< 400
1534
>123
! :
30%
*29
29
com——__No par
Houdaille-Kershey
91% Mar
'6
Jan
33
38% Mar
31 % May
Mar
18%
81%
*12
115
116%'
23%
•"23%
18%
•
*81
12.50
5
Electrochemical Co
Hooker
Dec
13% May
,
*18%
10
Holly Sugar Corp
Homestake Mining
23%
*22%
'.
*29
47%124
400
143
15%
15%
15%
46%
*122%
30 Va
30%
share
*52
>140
124
Shares
53%
52
143
46%
46%
122
*29
29%
,
*15»/8/15%/
122
share
52
,i
the Week
Mar. 13
i per
*140
51%
143
140
.
46%
-
122
117'
*116
117
46
■
,
$ per
$ per share
'
15 %
.•*15
47%
123% /
29%
\ 143
*140'
•
51%
53
*51
'
15%. v.15%'.,
x46%
*121%
29%
*116
u---1
Chemical Corp
cum preferred
••'•
:■-"•
122
*28
—100
Hilton Hotels Corp
—5
Hinde & Dauch Paper Co
.1.-10
Hires Co (C E) The—
1
Holland Furnace (Del)-—+—>_■— 5
Hollander & Sons (A)
5
30 % Jan
Fee
47%
3%%
14 3% Jan
I
Mar
22%
16%
47%
*15%
121%
Heyden
Feb
81,
143
f
.
f-100
>-No par
$4
conv
preference—-—No par
Hewitt-Robins
Inc_—.-L-5
% Feb
17
Feb
>
preferred
Hershey Chocolate com
27% Jan
x20
9
No par
5%
Jan
121
9
4
Motors-—2.—
*140
Powder common—_No par
Hercules
Jan
30
preferred
non-cum
Hercules
128% Feb
Fen
21
5
53 % Jan
18 % Mar
33
;
9
Mar
27% Mar
Jan '*
29%
»
140
Sep
134
Oct
20
Jan
2
17 % Jan
7
14Va May
60V4
*
7%
143..
*140
Mar. 11
for
Sales
Friday
Thursday
Mar. 10
S per share
■
52%
51%
54
*5'2%
i
common
Wednesday
Mar. 9
>
$ per share
i per share
-25
^—100
(G W)
Helme
19
• Par
\
f■■
share
Jan
55
9
I
EXCHANGE
Highest
Lowest
«-'.•*
Mar.
Mar. 6
SALE PRICES
Tuesday
Mondays
Saturday
STOCK
NEW YORK
Range since Jan. 1*
Year 1947
HIGH
AND
LOW
STOCKS
Range for Previous
3%
3%
4,809
3 Vb
I
18% May
39% Aug
32% Dec
37 % May
30
May
35% Jan
Idaho Power Co
11
32% Jan
Illinois Central RR Co
11
72
Mar
32
3
27% Feb
64%
Dec
93
Jan
97
Aug
95% Mar
15
Jan
26%
Dec
24% Jan
62% Feb
/
6%
Jan
/.
96 % Jan
9 *
Feb
2 8 3/e
22
Dec
9% Feb
30 %
Jan
20% Feb
17
Jan
17
July
14
Feb
27
153/4 Jan
28
x35% May
50
Dec
39
Feb
10
49% Jan
5
Oct
119
Feb
20
107
136%
May
169
180%
Dec
33
Apr
150
Feb
Feb
22% Jan
=
6%
Oct
34% Mar 10
9%
*9U,
22%
,*22%
14
15% Feb
11
17
6% Feb
11
8%
Sep
Feb
50
Jan
Dec
108
Mar
May
7
Feb
35% May
100%
3
15% July
9% May
40
Feb
/
Jan
163
95
6
Dec
162
11
92% Jan
Mar 10
80
167% Feb
Feb
Feb
5% Feb
11
Oct
23% Feb
11
74
Feb
9
3% Feb
11
4
5%
Feb
25%
Dec
36%
Feb
25
Dec
135
137
59%
Oct
Jan
78
Dec
38% May
Int'l
33% Jan
Jan
10%
i
7%
63/4 Jan
34%
■
3%
130% July
Feb
139
28% Jan
Matf
8
Jan
2
>
433/4 Mar
5
9
136% Jan ?.i
V
9
533/4 Jan
Sep
86
Feb
28
96% Jan
May
16
Feb
10% Jan
2
13% Jan
7
Dec
116
Feb
94%
Dec
107%
Apr
37%
58%
Jan
46%
45
Feb
101
Feb
24
!
x40
Mar 11
63% Oct
43
Mar 12
32
40
Feb
30
Mar
17%
Feb
11% Feb
11
11
9% May
9% May
:
Jan
Jan
45
Dec
40% May
Jun
54%
29
1"
56■yJan
5
28
•14% Jan
24
14% Jan
24
17%
Feb
11% Feb
19
Apr
26%
Feb
17% Mar
9:
21
Jan
2
20
May
27%
Oct
22% Mar
1
25% Jan
5
'
33% Mar 12
29% Feb
143%
Jan
158
Aug
18
137% Jan
16
Jan
140
I9
Year 11)47
Range since Jan.
NEW
1
Highest
Lowest
Highest
tper share
$ per share
6%
Jun
13%
Feb
7% Feb
19%
Dec
24 %
July
19% Jan
80%' Dec
39% May
104%
/
Feb
53
Jan
104% Sep
•83
6'
92% Jan
Jan
5
39 % Feb
18
92
89
Dec
Feb
Jun
46%
Oct
34% Feb
10
Dec
125%
Oct
100% Feb
11
24%
Sep
98
Dec
145
Dec
34% July
112
Dec
100
Feb
93" Feb
10
Dec
Jan
29
Feb
293/8 Feb
11
Feb
83 % Feb
6
145
•
5
Jan
12
102
6.
34% Jan
5
Jones &
>>Jan
13
152
Jan
89
5%
Laughlin Steel
Jan
40%
Oct
31% Feb
11
40% Jan
2
Joy
14
Jun
22%
Feb
14
Feb
11
17% Jan
2
Kalamazoo Stove &
94
108% Mifr
Dec
16-
May
29%
47 % May
58 %
13% May
Dec
18
90
Feb
17
93% Jan
233/a Feb
11
29%
Jan
July
48% Mar 12
NoV
14%
26%
Feb
20% Feb
20
21%
Oct
17
10
243/4 Jan
21% Jan
41% May
52%
Jan
42
% Feb
13
49
39
Apr
49%
Feb
36
Feb
13
21%
Dec
27%
Feb
19
Feb
11
Dec
116%
20% May
13%
103
Jan
.
$ar
Feb
1
Feb
92% Feb
21
11% May
20
Feb
11% Feb
19:
65%
85
Jan
63
38%
Oct
29% Feb
102% Aug
91% Jan
Jun
25
May
90
Dec
34
Jan
40
45
Jun
59
40%
Apr
;■
Mar
8
11
5;
52%
Oct
32
Feb
13
Feb
45% Feb
16
Oct
Feb
13
4% Feb
11
41
54
Jan
4^
5
16% Jan 15v
10'.'
Jan
43
Jan
311
Jan
8
103% Jan
.'••13% Jan
2
Kinney
17J
Feb
5% Jan
17
1/256 Mar 11
~9
20%
10
49%
38
Dec
14
44
Jan
May
Jun
May
La
11
10% Jan
9
28
23% Feb
17
Lambert
Lane
9% Mar 12
14%
Feb
56
Feb
47% Jan
56%
Feb
37
Mar
11% Jan
31
27
48
Jan
30
9
44
Jan
16
Lee
30%
26% Jan
Lees
&
(James)
9 % Feb
For footnotes
see
page
28.
*63
Lehigh Valley Coal com
Non-cumulative preferred
25'
49 % Jan
5
Lehman
Corp
24
11% Jan
5
Lehn
Fink
&
64%
63
63%
*31
31%
3038
31%
94
18 %
18%
*18
45%
45
36'4
36%
*36 %•
37
20%
*20
20%
19%
94%
*94 %
12'4
D41/4-
.
12'4
*11 '4
•
V
*62 '
30%
94 V4
x94'4
12'4
*1114
*42
96
x30 %
30%
ro%
94
92
%
7
30%
*92
93%
*9 Vb
*38'/4
—5
9%
914
9V4
22'4
22%
22%
33
331/4
3,300
47%
47%
2.200
42
42%
1,100
10
10
10
9%
49
48
48
*47%
39
38
38
*36%
23%
23%
*23 V4
23%
23%
*95%
97%
*95%
97%
*95%
38
24
24
*23%
24%
600
97%
*95%
97%
303/4
31%
30%
4%
4%
4%
434
4%
4%
4%
4%
4%
59
1
2
2
2 Va
2%
50
*30
2
2
*30
50
*30
22
22
221/4
6 3/8
.
1
5
42
9'/4
42
9%
*6V8
42'4
9'4
6%
43
9%
21 %
70
23%
31%
2
700
37Va
*31 Va
50
9%
800
it—25
2
800
1,100
22
934
38
10
*30
9%
21%
4 81/2
10 Va
—50
22
158,300
*36
24'
2
9%
9%
*47%
97%
10
16,000
5
1/256
*91/4
37
10 y8
10%
4%
1/256
49
*95%
,.
5
1/128
37
*4-7%
49
*23 Va
—3
*6Va
Corp
*9%
97%
37
3,4
21%
9%
10
*21%
(The)
*8
9'4
22%
*48
10%
90
42%,
4%
9V8
1;400
93 %
30%
33%
1/256
22>4
80
30%
'92
47%"
4%
91/8
140
12 %
64
47%
1/128
22%
63%
33
4%
48
No par
pfd
9 Vb'
*21%
*11 Va
-
*41%
1/128
5
200
20%
12'4
400
1,200
20
63%
300
11,500
37%
95
63%
1/64
a
I93/4
*11%
63
Va
*36'4
36 %
1V%
45 3
96
63
63
30
1
45%
*20%
4%
1st preferred—No par
Prod
-
1-/128
48
2% Jan
41% Feb
*11'4
*10
2
Feb
941/4
12%
No par
1% Jan
Jan
94%
———150
Feb
50%
941/4
22
3%
24
45
.45 %
36%
37
*11%
il-No'par
6% Jan
Dec
13%
44V>
No par
11
10%
*18'4
42%:
4% Feb
38% May
*20%
33%
&f Sons Co com
50c non-cum 2nd
44%
45%
400
900
21%
19-
x
9,800
*20%
21%"'.
"
100
15
94
153/4
21%
47%
Feb
$3 non-cum
45%
20%
*18%
400
48%
x21 %
42%
8%
31
18%
5,600
27V4
21%
47
Jun
Jaii" 31
22%
183'4
'
'3,100
133/4
15 38
33%
cumulative preferred_*_100
73/4 Jan
45%
*21%
.
48%
15%
42%
4% May
23%
18%
,
■
33 Va
26%
153/8
47%
Lehigh Portland Cement.
Lehigh Valley RR
„•
6
23
'
•■
«...
27%
*15
33%
9
19
15
42%
37% Jan
5% Jan
15
41%
9
1934 Jan
15%
42%
30% Mar
Feb
15'4
15
*92%
•
—
49%
26%
*49
42%
Jan
Feb
49
15
15%
94
27'4
49
94
44%
9%
25%
49"
47%
Lehigh Coal & Navigation Co—10
25%
24%
49
*92
333/8
4
Jun
*92%
241/4
50%
93%
93%
5
5%
93%
25 a8
*92%
30%
86
:
'33 Vs
-
10
83
'
34
200
900
-
29%
30%
*.92i/»
94
Vn
25
*49
25
-t
150
*15
15%
47%
98% Feb
14 % May
*15%
*142
l-~.
•44,900 *
'
102
87%
33%
33%
10% Jan
30
34
'
T";
224'BI
*101%
*85%
85%
931/4
11
35 % Mar
IS3//
:
30
3334
.
•,v
36%;
105 Va
22%
102
29%
29%
851*4
33%
••
36%
-
20
K' 500
.-93
*104%
'
700
300
143
143
47%
31
1% May
* 140
33%
27
35% Mar
85'4
*91%
22'4
*101%
102
9314
Feb
30%
30
33%
93
1051/a
/■•
40 %"
40
*21'4
22%
Shares '
90%^
90'4
/ / 40 %
*104'4
the Week.
-
21
*20 %
36%
36
361/4
104
47 '/a
10
3.85%
29%
85'/4
..
*91%
93
33%
95% Jan
2
35%
40
39%
V7 vSales for
VI
share
7%-
714
7%
90%
*21%
y
$ per
21
*90
50%
93 Va
Mar.
11
share
7%
.
94
23
Feb
7%
*101%
145
*15
Mar.
*20'4
104
102
Friday;•
Thursday
$ per
21
••r
'22»/+
353 a
144%
>140
144%
*140
90%
*913/4
.
•••>
86.V2
15%
1,300
*46 34
Feb
101
•-/
30%
*15
300
33%
*33%
Feb
Dec
9% May
*7'4
293/4
•
23%
33%
*90
34
15%
23
33 »/•
*20%
39 '/a
93
104
145
*140- V 148
95
Tire—C
1.300
24 Va
%
$ per share
'36%;>
-v
22
20%
common
19'/a
*23%
Mar. 10
39
'•'
*101%
4
.1
1.800
*18Va
Wednesday
,*a5'4
30%:-.86%
35
45
36
.
102
20%
Apr
95
*-•■•*101 '.2
:
*91%
V
:
211/4
*36%'
12%
21% May
*84%
*21V2
75 Pesos Mex
pfd
12%
18 %
V /:.
preferred
Rubber
.-21'/+
211/4
i——L
(The)
Bryant
4%%
'
6%
25.700
SALE PRICES
•
100
12%
33 %
144%
*140
-
3,000
-
12%
25%
18%
90'4
104
21
Light Co
Co
35
No par
*
.'J,
Consolid
Feb
9
Gas
44
*31
7%
39Va'
.
105
*104
148
15'4
100
1
.
(The)
Rights
21% Jan
Jan
Dec
Laclede
9
41
35
33%
HIGH
21
;
90'4
91
4014»•'••; *39%.
*91% •: 93
36'4
\VV 361/4
105 Va
102
*20'4
37
Kress
1/64 Mar
44
*31
'
144%
AND
*7 Vt
20%
*20 %
3"
L
7
4% May
"
92%
37
'
7%
20%
*90'4
4014"
*36%
>
*36'4
2
Kroger Co
*41%
35
$ per share
share
No par,
20
2
44
Mar. 9
No par
Jan
46% Jan
*42
Tuesday
*
*71/4
V
91
25
No par
38% Jan
Co
$ per
7%
20%
*92 %
No par
10
Cumulative preferred 4% ser_!100
Kresge (S S) Co_:
10
&
40
*23
34
*140
Monday
Mar. 8
7%
*15%
$5 prior preferred
H)
2 500
52%
X40
25 %
*33
144%
*140
144%
35
Koppers Co Inc common
(S
40
*50
40%
17%
*24
33
323/i
32%
30%
2
Feb
V
17%
18%
24
*140
1
2
50
100
'0
53
.
*13 Va
18%
24
*101%
Jan
95
*51
53
lQi/a
2IV4
34% Jan
75
102
12%
18%
50
>101
12%
18%
(Q R) Co common
102 '/a
1.100
11
*10%
3.03/4
*101%
1?%
—100
5
class A—1
Keystone Steel & Wire Co
Kimberly-Clark Corp com
4% conv 2nd preferred
10%
102%
12%
*4#%
Copper
10%
104%
12%
*91%
No par
:
—
Kennecott
2
23
B
Class
2
93
12%
24%
10,100
44%
*90
123s
1
Kay.ser (Julius) & Co
Kelsey Hayes Wheel conv
'44%
93
*12%
*104
Furniture—!_10
preferred
non-cum
45
*31
35
160
44%
*89%
92
12%
*39%
100
;+—_1
Cfity Southern com
Kansas
2
135%
*134'/a
2.300
15,200
135
136
12%
City
3.8%
13*
»25 Vb
12%
*90'4
.''
3%
25'4
3%
2 5 3/8
«1*>3V
203g
,
77
*75%
25 %
12%
•
.
Power & Lt Co—
preferred
—100
Kansas
'
3%
25%
13%
$ per share
Par
_
Manufacturing Co
25%
77
3%
12%
Mar. «
No par
com
26
3%
*12%
*140
*
preferred series A
77
40%
44%'
*30 %
P.1B 3»
*75%
25%
2,000
25%
13%
31%
RR.stamped_i._l00
Chicago
Joliet &
2,700
13%
13
No par
33/4% cumulative preferred-^j.100
Johns Manville Corp com
No par
3%%
preferred
_+
-i.lOO
Johnson & Johnson common
.12%
4% 2nd preferred series A—*-100
9
6
12%
*22%
.
Inc com
Jewel Tea Co
2
2
Jan
26% Jan
19
39
101%
30
413/g Jan
111
151
27% May
86%
Jan
203/4 Feb
Jersey
*
.
5%
13
Jaeger Machine Co
443/4 Jan 30'
13
37
108%
Jacobs
3'
20% Feb
5%
*13
1
common—No-par
Cent Pwr & Lt 4% pfd
100
Co
(F I)
2
93/4 Jan
27
.
31
40%
43%
44%
31
330
5%
*51
53
6,COO
5%
10%
40%
40%
44%
Saturday
$ per share
$ per share
40%
44%
1,600
84
*88%
*
129
129
163
44%
10%
*51
12%
130
83%
136%
102%
3,000
162 %
44 VB
7
91
101 %
12
11%
84 %
*134%
•
44'%
2.300
163'/4
25'/a.
136%
3/,
2%
163%
3%
25%
110
2,%
■
162 3 4
25%
3%
500
98%
.
98%
x83%
*75'/a
77
500
41
,
2%
12%
130
1,000
7
84%
5%
25 %"
2%
130
162
5%
39
99
2%
12%
ll3/V
•
84'%
*88%
40%
44%
*31
K
;
2% /
129%
*10%
53
99
*98%
'
STOCK
YORK
41
.
EXCHANGE
/v
.
*40
162%
43
*
35
407i
-
40%
843s
*135%
10%
53
53
*51
40
V
3,800
15%
7
//
7
/
35
15%
/
*40
V/. 7
V 130%
*25
102
15%
7 VB
99
.
156
i .34%
35
15%
15%
*7
,500
122
>152.
34%
34%
15%
122
....
40 VB
*3 %
91
10%
101%
102%
34%
•:
1/4
7%
*75%
45%
*S8
11
*103/4
,,
25%
3/4
135%*/.
44%
92
*88
'102
156
156
*152
";
16
LOW
STOCKS
Range for Previous
Lowest
-
*152
53/4
25%
135%
45
122
121
156
*162
3%
25
136%
122
83%
.
79
>3%
25%
44%
24
24%
*75
3%
*135%
No par
International Shoe*
No par
International Silver common—25
7%
preferred
25
International Telep & Teleg—No par
Foreign share ctfs.
No par
Interstate Dept Stores
No par
Intertype Corp_
No par
Island Creek Coal com new
50c
$6 preferred—*
1
..
Jan
34
4
preferred
International Salt
5%
29
107% Jan
27
52% Jan
Int'l Rys of Cent Amer com
:V
79
122%
;
35
6
6
24%
25 Va
No par
No par
—100
preferred
$4
15
9
104
163
*3%
-
2
162%
*75
41%
>'1,300
11%
85
24%
& Chem common-—5
preferred—
:_100
International Mining Corp
;
1
Int'l Nickel of Canada com_.Jtfo par
Preferred
i—10o
International Paper Co com-*—15
4%
;
130
134
84%
6%
1,600
41%
4'2
11%
132 %
6%(
Mining
Int'l
20
Jan
—
14
*41%
2% /
163%
*162%
—100
Hydro-Electric Sys class A_25
preferred
11%
12%
85
1.300
,
*14%
/"/ 23/4
85 %
133
133
21%
14 V2
12%;:
2%
2%
"
21%
213%
*98V,
:
/1.500
14%
2%
:.
480
9%
41
40%
99
*98%'
27%
9%
21%
*7
41
180
*26%
93/4
14%
16
7
96
27
41%
34%
,
7
41
99
12
36
(16%
96
95%
9%
14%
123
*152
7
42
V/%2%
156
15%
■■
■'■{ 1,200
21%
42
*121
35%
-/
7
*97%
preferred
—!
.—100
Intercontinental Rubber——No par
Interlake Iron
No par
Int'l Business Machine new.No par
Int'l Harvester common
No par
14% Jan
11
16%
*41
No par
com
4% %
33/a Jan
10
Jun
Jan
96
May
22 % May
76
11% Feb
Corp
Interchemical
Jan
103
3:
2% Mar 10
July
186%
Dec
46
11
96% Mar
125% Feb
70
7% Jan
35%
7
•
953/4
26%
9Va
19,000
29%
68
22
42
122%.':
*152
156
35%
_20
1
Inspiration Consol Copper
Insuranshares Ctfs Inc_i
122%
*16%
No par
Inland Steel Co_T__.—«
% Jan*
120 V4
97
2134'
3,800
33
28%
*68
69
14%
*14
42%'
42%
122 %
*152
—100
preferred—
6%
*
29%
26%
9%
■/•V 21%
14%,
34
*68
93^
27
.'
9%
.
32%
/■
32 %
28%
:
26%
*95%
953/4
*26
v
v-
-22%'
*14
42%
423/4
—.—.——_1
Ingersoll-Rand common
—
No par
Industrial Rayon
40% Jan
Nov
10
9%
:
:
953/4
97
26%
14
;
/:
26%
22%
Feb
153
10
•
42
17%
12% May
/•:
Co—J.——:_5
130% Jan
12%
11
/
*953/4
Indianapolis Power & Light—No par
Industria Electrica De Mex, S A—
Illinois Terminal RR
11% Jan
11%
Dec
7% May
x21
conv
non-cum
33
*95%
5.200
10'/a
10
10'/a
10
10%
10
10 Va
30%
30%
30%
30%
31
30%
30%
1,600
4%
4%
4%
2.300
2'4
2J/8
2
Vs
4,300
21%
21%
*28
50
22%
22'4
50
223/4
*28
22%
50
23
-
1.400
6 Vs
6i/n
614
6%
6%
7
6%
7
2,200
42*4
*4214
42%
42%
43
42%
43
2.200
42'4
9%
9%
914
9'4
•
'
9'4
9'4
*9/4
93/4
1,500
Volume
167
Number 4681
COMMERCIAL
THE
\
\.
&
•
.
FINANCIAL
CHRONICLE
(1163)
■
......
23
NEW YORK STOCK RECORD
Range for Previous
STOCKS
Year 1947
Lowest
$ per share
$ per share
17
25
May
46% May
V 8
■■
78
May
Dec
10
Dec"
Apr
24%
Aug
20
-
■"'
:
28 %
Apr
39%
Dec
Belt
4
Lion
Oil
Mar
23% Jan
Feb
33
Jan
Mar 12
13
9 !;:■ Liauid
9
3%
.2
19
18% Jan
2
68 % Jan
5
57% Feb
28
19% Feb
18
Feb
19
141
Jan
25% Jan
27
Jan
6
Dec
23% Jan
14
Louisville
Gas
44% Jan
8
Louisville
&
11
25% Jan
9
92% Mar 12
96%.Jan
15
4%%
19% Feb
24% Jan
8
Lukens
11
Lowenstein
(M)
pfd
Inc
series
A
1,100
41
*38%
41
10%
XlO'/a
10%
10%
58
150
10Va
10 Va
*38%
41
18,400
*79
*56%
57Va
563/4
57%
32%
32%
32%
33%
31%
32
3,600
19
19%
19%
19'A
19%
19%
1.300
80
*79%
400
80
80
80
79%
79%
17%
17%
17%
18%
18%
187/a
18%
19
17%
38,800
16Va
17%
Xl6%
17%
17%
60%
17 Va
59%
17%
18 Va
59%
33,400
X57%
58 Va
58%
58%
22
22
21%
21%
*21 Va
19
I8V2
18%
18%
XI8%
*144
146%
146%
.
145
39%
21
20%
21
*92
20%
94
20%
39%
207/a
*92
20%
146%
146 Va
146%
Va
22'A
"21%
3 OVa
39%
39%
39 7
a
4.000
20%
20%
1,600
*21
22
39%
20%
5,600
22%
21%
40
94
500
18%
*22
21%
40
20 Va
59%
21 Va
18%
*146
21%
*20%
59%
21%
19
146%
22
*92
100
59
22
18%
18 Va
*145
40
,_10
58%
20
94
20
39%
Va
20%
20'A
20%
*91
93
*91
20
20
20
*37
38
*140
145
*140
145
*37
38
2 O'/a
300
*21Va
22
145
*21%
com..l
Co
500
83
169%
19%
v
*39%
1-'.—50
& Sons
cum
Steel
33
82
*5914
Electric A./No par
&
Nashville
*32%
*168
17%
18%
11
33
83 Va
169%
17%
21 Va
25
*32%
*82
*167%
2,500
'.:V 16%
21%
20
6,400
33
*57
:
3,000
9 Va
33
19%
80
47'A
9
17%
17
*18%
39% Feb
Oct
80
17%
47
9'A
84
58
32
19%
177/b
47%
169%
,*57
33 Va
19%
*78%
17%
47'A
9
*32%
*167%
*38%
33 Va
'17%
9
"38% '41
OVa
10 '•>'
for
Shares
17%
Va
84
169%
$ per share
VI6%
16%
*145%
Co
21% Feb
Aug
58
common___——10
CP/
Oct
26%
*57
:
34
',19%
preferred——————100
7%
Feb
101:
10
Long Bell Lumber A_—A/A.No par
29%
13% May
41
v:v 9%
■V
/
Jan
Feb
*38%
10
33 '/a
83
169%
$ per share
Sales
"the Week
47%
17%
47
8Va
9
33
85
169%
41
*78V4
preferred.../..:—100
8Ve
33%
84%
*166%
59
33%
Mar. n
17%
9%
*19%
Friday
Mar. .11
$ per share
•
47%
33%
"
86
170%
*38%
com—No par
Lorillard
17%
47
9 Va
*57 Va
*
/——No par
Co..._——-—No par
53
Dec
*84 :v
169
Lockheed Aircraft Corp_—,——1
Loew's Inc
No par \
Lone Star Cement* Corp.—;_No par
27
17%
47%
9
34
'
—5
5
Jan
17%
Thursday
Mar. 10
share
$*per
PRICES
Wednesday
47
V.
9
;
No par
Corp
Carbonic Corp
conv
17%
8Va
*33 Va
c
Co.—
5
19% Jan
149
Lima-Hamilton
Link
27
•
Oct
>
Mar. 9
$ per share
47%
•1
v
A.100
Lily Tulip Cup Corp,;—
5
15% Feb
•
preferred
29 V8,
v
17% May
93
34
V/o
13
Mai' 10
Jan
21 %
172
2
Jan
17 Va
47
No par
SALE
Tuesday
Mar. 8
t per share
Libhey Owens Ford Glass—.No par
Libby McNeill & Libby,.—.—7
Life Savers Corp.../
—Jo
Liggett & Myers Tobacoo corn.—25
8
13% Jan
Feb
»„79%:..Feb:'
Dec
.
Feb
,
27
66
Lerner Stores Corp
29
Jan
10% Jan
11
19
Jan
41
10
28% Feb
*•
16
79
,,12% May
•21%
8% Feb
56% Feb
Feb
.
-
Dec
Dec
10% May.-;
18% Dec/
91
173% Jan
14
Jan
v
,
26
-'37'••'•: Feb
35%
17%
2
1-65% Feb
•
30 %
137%
38% Jan
Jan
Dec i> 7103%
58 Vo May
•,
9
\ 32% Feb 11
82 h Mar 12
63
19 Va May
..y< ;
,5
9% Jan
HIGH
Monday
Mar. 6
Par
12
56 % Jan
Oct
•191% July ;
x48
Aug'
12% Get:
May
78%
19% Jan
5
40%
Saturday
$ per share
20
8% Feb
"46% Mar
:
LOW AND
STOCK
YORK
./'" EXCHANGE
...
13
Feb
Apr
.
47
,
16% Feb
59'/a
96%
29% Mar
i 33 %
$ per share
Feb1
NEW
Highest
11
May
'169
Range since Jan. 1
Lowest
Highest
93
100
22
92%
20 Va
1,500
300
92 V2
*19%
10
20
900
M
34
Mar
134
Nov
41
60
455
111/
•i
Jan
27
40
Jan
2
142
Feb
13
142
Feb
13
43% Feb
11
52% Jan
5
Oct
41%. Jan
•„
11% May
16% Apr
-
36
Apr
152
.
41% May
30% May
99% Dec
/ 10%
Nov
30% Mar 12
Mar
•o-15%
100
Feb,
>
Jan
11% Feb
5
13% Feb
Madison
25
18 Va Jan
9% Feb
11
500
7
Mar 4
8% Feu 13
,
Dec
14%
Dec
32%
3%
Jan
7
Feb
Feb
20% Feb
Dec
27%
Feb
19
Mar
8%
Feb
May
16%
Dec
15
22% May
97% Dec
34%
Feb
6% P'eo
Oct
63%
18% July /
26%
49%
Feb
88
82
97% Mar
,113
13
176
11
85
11
10% Jan
43% Jan
110% Feb
6
11
Jan
5
-
$6
1st
12
8
McGall
3%%
36% Mar 12
42% Jan
15
McGraw
24% Feb
23% Jon
12
44
;• AJ all
'
30% Feb
34% Jan
87
Jan
5
93% Jan
26,
Feb
18% Feb
11
21 % Jan
7
12
»
25
31%
Feb
19 V8 Feb
11
24% Jan
23%
Oct
16% Feb
27
20
Jun
105%
Dec
Feb
85
Mar
9
94
Jan
McKesson
$4
Jan
13
May
4'A%
Feb
36% Feb
27
41% Jan
12
4'M
20% Feb
16
24
10
73
Jan
14% Feb
Feb
52
18% Jan
11
5
2nd
pfd
Shoe
Mengel
Co
43% May
63
Dec
% Feb
10
Jan
12% Jan
23
14% Jan
43% Jan
13
49
Feb
18
Merch
&
Min
44% Feb
11
53
Jan
9
Merck
&
Co
88
Jan
10
90 % Jan
27
13
22% Jan
9
65%
Jan
103% Mar
'
47'A
•
<
111%
Jan
36"
Aug
94
57% Jan
Mar 10
Feb
6
41 % Jan
101
6
57e
2
$3.50
f'f.'yi .Range
Highest
since Jan. 1
Lowest
.Highest
$ per share
$ per share
12% May
18% Mar
13
48 %
Dec
38 %. Ffiu
45%
Nov
35 % Mar 12
33
Apr
29% May
136%
,
Jun
156
10% May
Mar
15%
6% May
47% May
84% Dec
1
114%
wi
Jun
Feb
88 Va Jan
5
Apr
70%
Dec
54% Mar 11
102%
Dec
99
May
15
:
7'
104
Jan
Dec
123
28% Mar
3% May
8
25%
32% May
51%
13%
May
i-
23%
Sep
49 %
May
110% May
2
20
111% Mar 11.
Oct
42% Feb
Feb
11% May
8
11 % Feb
Oct
56%
Jan
4
11
May
15%
Dec
.24
3.20%
Jan
Feb
11
$4
118% Jan
7
$6.50 preferred
Mission
Corp.,
53% Jan
2
Moline
Power
Feb
13% Feb
11
17% Mar 11'
Jan
36
Feb
11
44
Jan
5
Mohawk
Feb
9
F^b
11,
11
Jan
5
Mojud Hosiery
27
Jan
12
32.
Feb
Feb
128%
49% Feb
Feb
64%
24% Mar 11
leu
102
FQb
11,
10
48% Feb
13% Jan
Dec
11
21
5% Jun
5
61% Jan
115
Jun
Mo-Kan-Texas
7%
2
Monsanto
16
$3.25
106% Mar 12
54 Va Jan
$4
9
Dee
Nov
11% Jan
23
13% Feb
Motorola
27%
Oct
20% Jari
22
25% Feb
Motor
Products
6
21% Feb
Motor
Wheel
102%
Apr.
27%
"'25
/
'27%
Feb
19 Va Mar
Mar
16
<
Feb
1£~
Oct
19% Feb
II
107% Mar
101% Feb
18
Jan
May
Apr
35
107%
Dec
15%
40%
112
•
Nov
Mueller
Mfg
11% Feb
16
16
37
Jan
5
111
,Jan
7
14% Jan
21
9%
Dec
13
Feb
11,;
17
Jan
44%
Feb
40
Feb
16
427/a Jan
56
Jan
50 Va Jan
23
55% Jan
5
19%
Feb
$7
;
4%
(F
15
Mar 10
2
Feb
24
25% Jan
9
Nashville Chatt
Feb
14
29
5
National
16%
Jan
7% Feb
8% Feb
27
11
17% Jan
Jan
9% Jan
10% Jan
10% May
16%
Feb
24
Jan.
34 /
Dec
29% Feb
26
35
27
Jan
34%
Feb
26 Va Feb
20
30 Va Jan
165
Dec
11 Va Feb
164% Feb
17
10
Jun
26%
Feb
8% May
13%
Feb
67/e Feb
11
May
43%
Dec
33% Feb
10
Dec
14%
Jan
Feb
28
33
7%
13
Dec
For
15%
footnotes
see
20
6
Oct
page
Mar
11% Feb
28.
*86
39
*371%
9
13"
29
Jan.10
5
Jan
19
23% Jan
12
9
Jan.
41% Jan
9
Jan
13 % Jan
1
National
Acme
*21%
1
.
5
National
2
22
22
15%
15%
16
53Va
55
*53 Va
54%
*53
14
14
13
48%
48 %
49
*36%
36%
1.300
97%
97%
151/4
41%
40%
37 Va
36%
,/
*130
*15
133
11
47'/a
5
lli/a
10 Va
11 Va
xlO
47%
47
48
94%
93%
94%
57
55
56
101
101
101
11%
12%
52
4%
4%
11%
114
*112
52%
.'
5
52%
52
9%
52 Va
*104
106'A
52
*24%
49%
14%
24%
14Va
25
19%
!
5Va
;
17%
161/2
17 Va
37%
37'/2
*36'/a
37 'A
*9Va
9%
OVa
*9 Va
9%
800
26%
400
52%
10,400
*24
51%
*104
25
24%
52
105%
9% '
25
52
52%
*104
1061/4
106'/2
49'A
49 V2
x48%
*'25
*104
106%
400
105%
100
106%
500
48%
49'A
106%
4 9'A
6.500
3,900
13%
14
13%
14
24Va
24Va
24%
24%
*23%
25
400
12
12
12
12'/a
12%
11%
12
1,000
24%
19Va
24%
24%
24
24
24
1,400
*24
14
14
24%
18%
18
18%
18%
18 %-
17%,
17%
1,600
20%
20%
20%
20%
20%
104'/a
2OV4./
1,300
*11 Va
19%
*103
lla/4
*34%
35
109
108%
if. 104 Va
19%.
*103
197/a
104%
*11%
*11%
35 Va
*108%
*103
35%'
108%
*19%
11%.
34%
108 Va
108i%
11%
34%
x137/8
141/4
*40%
41
*40'A
51
*50%
51
50%
13%
109
*11%
20
-
.
104 Va
*108%
108%
108 Va
40%
*39
41
100
*50%
5 lVa
*50
51%
*50V4
51%
100
'15%
151/8
10,400
50%
13%
13%
15%
15%
15
21
21%
20%
20%
21%
25
25%
25%
25%
25%
8%
8%
8%
13%
21%
25
9
9 Vis
*9
14'A
*27 Va
27%
26%
27%
-100
-100
4
13%
167%
*167'A
173
1671/2
*20%
21
*201/2
30
*28
26%
*168
21
*7%
7 %
71/4
7%
35'A
35Vi
35V4
351/4
l
61/8
6%
61/4
6 1/4
1
12%
121/4
20
12
12 Va
7
35%
•
-
6 Va
11%
1,900
*39
15%
9Va
80
13%
13%
26
13Va
108%
1,400
40%
201/2
81/4
50
11%
35%
13%
15%
8%
:> 104%
*11%
40 Va
26
8V2
900
13%
20%
■
»
41
15%
'
19%
35%
21
26
<19%
*103
11%
36
15%
;•
,
52 '/a
105 Va
■
26,000
20%
..^10
,J0
•"
11,100
16%
37%
17%
*28 Va
par
5
17%
*36%
20%
11%
9%
90
7,500
17%
35
14
•;.';/
21 Va
29%
r
4%
4,300
14%
14%
14
52%
110
•
25
41
*9%
800
•'*
103%
21%
104
8%
112%
51 Va
21
4
112
■
20 V8
18%
*20%
49"%
11%
111'%
5
480
"
101%
11%
52
1,900
-55
19%
*28
...10
.__10
5%
50%
-94
i
*101%
11%/
51%
>
94
55
19%.
Xl7%
;
3
,_No par
4 Va
16
■
2,200
*50
.
101%'
111%
51Va
9%
11%
*50%
5
d
1061/4
113
10
2,400
•*24%
25
25
8%
—4
4
14%
14 V2
50'/a
12%
,-_-l
;
49%
12%
*25V4
Fibres ;Inc-r__l
:^__1
52%
*40
No-par
—5
__5
50
12%
14Va
11%
106%
25
*108V2
com—_ 10
OVa
25
106%
llVa
50% .:
101%
50
16%
107
54%
101 Va
131
9%
94%
54 %
11%
37
*24
50
93%
•
300
:"
13%
10 '/a
56
-
2,700
3,700
•
13%
50
4Va
15%
37
*130
14
931/2
*112
50 %
4%
•.,'
130
*101%
11%
16%
130
93
114
49%
132
48'/a
*54
101%
Shares
35%
*130
for
the Week
14%
41'
35'/2
HVa
37%
35
14%
40'/a
36%
11%
15Vi
*11%
1
15%
41%:
*35
live
114
*18Vs
__,,,100
15
41
36%
13%
37 Va
*103
15'A
41%
13 Va
19 Va
;
15
41
13 Va
47
Sales
Mar. l'i
$ per share
*35
■•/;
14
25
1
700
Friday
Mar. 11
$ per share
132
94%
52
*12V4
1
Thursday
>
14
9 »/a
5
Mar. 10
$ per share
*130
24V2
'
Wednesday
15 Va
41%
37
57
4{
114
*24%'
98
PRICES
14Va
9 Va
3
SALE
13 Va
i':
24%
Louis__,„;100
Co
36%
97
41Va
"37
9%
B
-
36%
97%
36%
97
Mar. 0
__No par
Corp
Corp„._—
36
15%
14%
600
37
38%
50
48%
97
$ per share
26%
*
48%
97
Tuesday
*9%
par
48
*86%
300
36%
15%
52%
*104
48
/f;
70
900
49%
*49
2,200
*37%.
No par
49
13%
19%
xl5 Vs
:/
96
1
Container
■
*,
101%
12Va
12%
5
2,500
13%
89
$ per share
37%
4Va
16
54
13%
*87Va
Monday
Mar. 8
V
16%'
4-1%'
51 Va
16
*53
•
54%
30
'
*101
"
2,000
*18
97%
*112%
21%
19%.
97
57
21%
89
98
*56V/2
100
21 VB
85
18%
37
*94Va
38 Va
49
48
90
500
38%
19%
37
471/a
'
No par
Share
*47%.
171%
17%
400
*84Va
13%
49
"86%
18
100
200
19%
*19%
191/4
39
16 Va
*48%
i
38%
16
*53
13%
48%
19%
*24%
common
49
16
16
1.500
20
85%
,
21%
1,200
92
19%
19Va
..No par
:
Corp
.
■>
50
31%
20
19%
*17%
54%
13'A
91
*87
19%
41 Va
._,10
J
.
47%
91
19%
$ per share
3
^
A
.
*97
-.100
: •: J,
St
49%
13%
*36 Va
„^V_,No,par
Cash Register
City Lines Inc__
National
22
22
LOW AND HIGH
Corp
&
Automotive
Can
*38
.
800
*91%
19%
*84 %
39
14%
Saturday
Co+___jNo
National
Nat
18
65%
*38
__J.25
B
preferred
7
*17%
*84%
38%
16
*87
Co
National Biscuit, Co
5
17%
86//.,;
22
A 49
,100,
Bros—
Aviation
&
17
300
49 Va
;
92
19%
19%
85
36%
24%
31%
31%
*91%
*38
53%
*36
V
60
'
36%
50
31%
,
87
15%
49
.—20
i
94
400
2,100
24%
'
25
49%.
31
39
•
21 Va
91
pfd.lOO
'50%
30%
49
19%
Com_*__l
Battery Co
Bond
17%
50
16
*48%
Lines/..!.—:._5
National
7%
'
31%
*88
par
com
6s
National
Nat
22%
16
—No par
Airlines
National
5
14% Mar 11
169
•,
1
I—50
Nash-Kelvinator
20
24
Jun
87
*38
100
No par
series
class
E). &
Feb
21%
*85'A
preferred
Jan
187
20%
14
Murray Corp of America
Myers
29%
Feb
*19
_,1
30
14
20%
,_No,par
May
May
*19
Corp..
Co
May
9 %
19%
17V4
;v
133
preferred
19
Dec
19%
18
14
I
21
8%
19%
*17%
_5
4%%.. preferred______^
16
Jun
'' May
19%
29%
Munsingweai" Inc—^
;
Murphy Co (G C) common.l
2
Jan
50%
14
*19%
Brass
Mullins
Jan
33% Feb
Dec
*19 »/a
11
Corp-
25 % Jan
108
37%
16%
20%
.t^i—lO
Impl
Inc...
J19% Jan
107% Jan :; 2
Feb
Jan
*191/2
; *130
Morrell.(.John), & Co.
.
10
20%
..Nc.par
/
series
14%
25-V
92
Inc—./.
Ward
Moore-McCormack
27%
50%
No,par
Tool
p'-eferred
preferred
May
19% May
17% May
14% May
501/2
*491/2
coim____No par
series A
"__100
Montgomery
15% Jan
27
*501/4
28V4
37%
vtc_^_No par
Chemical Co
May- '
24%.Mar 11
*36%
25
•
A
34
28
A
93
37V4
25
*91
...
Machine
May
9 %
17
x93
37>A
24%
94
20
300
112
34
94
94
36%
*82%
91%/
20%'
Carpet Mills—.
Monarch
*92%
36%
94
31%
l_
Co
28%
'24%
RR
preferred
x28'A
37%
Nq par
Minn
29
50%
preferred,
9
28 Va
25%
Mar. 6
;
38
*110%
*24%
.'
A
2,400
38
341/2
*37
*92Va
130
.'
lO'/a
•
112
*331/2
91 %
pfd..'.——;
15% Jan
*110%
34%
31 %';
Regul com
pfd series A
conv
112
I
94
——1
eonu
86
83
10
38'/a
-V
STOCK
Minn Min & Mfg
10
63%
/ 17%
70
102
Feb
106% Mar 10
49
94% Mar
>
*33%
*38
37%
5
M
*85
101/4
50%
3.90%
130
*82
83
*10'A
39
*38
29 Va'
86
.*82
10 V»
*100%
'29
85%
82%
32
Minn-Honeywell
Dec
39
3,300
'
10 Va
112
29V4
.No par
54% Jan
99
*38
86
82%
10%
*100%
20
36V2
851/4
86
*85%
-
177%
>•36%
37%
86
91%
common
Minn
■
36 Va
86
*90%
Minneap & St,Louis Ry,
27
83
34
49
13% Jan
Feb
86
*175
85%
37%
86
34
*14
15% Jan
45
177%
36%
33%
*53
SS
*175
:
33%
50
YORK
&
2,700
177%
32%
Inc
27
P
86
29
—_3%
Co
9% Mar 12
St
700
30
25%
preferred
1st,
cum
21
29%
*175
29
Transp Co... .No par
12% Feb
8%
175
-
Steel Prod
50%
20%
30%
91%
—
137% Jan
51%
-
Midland
50
21%
30
*25
—
Miami Copper...
Mid-Comment Petroleum
Jan
50
21%
*33 %
Par
16% Mar
41
50
21%
30'A
50
34
EXCHANGE
AJrO'/JJ Uct-U
i,
-1.000
50
21'A
29 3A
*31%
$ per share
11
800
*33
series) _._'._50
11
Feb
66%
Feb
I5V2
.10
129'% Feb
Nov
14%
•.
$ per share
15%
.No par
Edison
NEW
15%
21%
10%
-
80
15%
86
39%
112
*110%
2,400
16
*90%
Co
STOCKS
Year 1917
*38
39%
112
22'/a
101
16
*82
v
22%
13,000
38
10%
360
18%
*19%
preferred..!
Metropolitan
83
10%
•7,500
*100
*92%
Mesta Machine Co
8
*82
10%
900
6%
15%
18%
37%
•
22%
101
1
common..
Inc
Range for Previous
Lowest-
No par
series)./:;
Stores
cum
83
10%
,
19%
6%
15Va
*t:
19
*85%
86 Va
*82
38 Va
Merritt-Chapman & Scott....No
- 5
Jan
1st
conv
Mercantile
86
.
4,300
18%
,30
175
38%
86
*19%
6Va
*100
200
200
6%
18%
com_—18
Inc
(2nd
(The)
38%
*85
6
15 '/a
22%
22%
101
1,300
9%
24
JTVs
50
29%
.
22%
Va6'A
6%
7%
*9Va
*22
t
15%
1,800
560
7'/2
9%
19% r 193a
6Vv
300
10%
10'A
7 %r
24
6
16%
*480
100
Corp./.
Jan
38'/a
*110%
L:
common
17% Feb
V
*21
175
7%
15%
>101
10'A
550
*9»/a
19 Va
16Va
16
f
50
21 »/4
600
16%
17%
29
Co.
Norris Mfg
19%
.: Mar
49%
30%
600
13
*22
No par
1
1
Robbins
47%
13 la May
49%
*20
86
com
Co—
pfd .(1st
Melville
24%
55% May
49%
86%
No par
preferred
<te
Corp
Jan
Jan
*15%
*85%
Pub
Stores
Mc-Quay
Mead
25%
/
/
.No par
preferred
50
May
16 %
*85
.No par
CqL_
Porcupine Mines..
—5
McLellan
5
175
22 Va
101
17%
38
.No par
Corp
Electric
Mclnlyre
12
Feb
25%
*
.
22%
16
19Va
19%
100%
18%
175 V-
(A
McGraw-Hill
45
50% Mar 10
22%
101
17%
177%
preference
conv
Feb
23
22%
*100%
30%
^
Stores
Oct
11
22%
20%
Corp
PVh)
Jan
6%
15%
16 Va
No par
cum
McCrory
Mar 12
G%
15%
:.30%
common.AA-1A
Co
9
41% Jan
6%
19%
2,200
100
*12
6 %
15'/a
19%
3 OVa
30%
100
10
9%
6
4.900
13
*450
24
6Va
20%
...
6 Va
1-7%
*48%
g
;
47%
102
7 Va
Va
15%
>301/4
100
6
7
*22
19Va
1
preferred
105%
Dec
35% May
97% Dec
cum
$3
45%
16 Va May /
41
Maytag
29% Mar
6%
10%
*9
24
*15Va
com.. .No par
common..
7%
9%
'
100
38
'/a
16%
r
550
V-.. 6%
101
171/4
*16
pfd 1947 series. .No par
No par
pfd
32
V
17% May
16
$3.40
5
Stores
21
Jan
94
Dept
13
.
No par
7%
*9
*21%
■
May
56%
'
30 Va May
87
Dec
40%
88
Jan
112
10
Feb
20
3
..
*100
;
6%
;
>
9%
23
10 Va
*450
6%
15%.
22%
,
V
10%
47
12%
16%
550
145
*36%
31'A
*100
12%
*16%
*140
46%
31
102
12%
19%
6%
1
'*■. 7%
TA
6%
10%
45%'
31%
*100
16%
*450
,
45%
12%
16%
10Va
22
100
*12
550
9%
9%
*15V8
.
10 %
x
*450
.24
*19%
.
16%
7
vr
*9
*23
100
——
preferred.2—..i
cum
Feb
88%
7%
26
7
,
~5
100
13
*16%
550
^No par
com
Co
preferred
Mar 12
Feb
Co
*12
11
*450
Co—c.
$3.75
32
21%
Jan
Electric
$3.75
25
Dec
Master
12
38
11
50
1
Mathieson Alkali Wks
16
Feb
May
16%
: .No par
89 Va Jan
Jan
Mar
*16%
.1
Corp
89 % Jan
48%
46
101 Va
101%
12%
Co
Corp__
6
33%
24
101 Va
12%
,
6.25
L)
28
Feb
24
25
Masonite
9
9% Feb
,Jan
107%
Jan
X81% Feb
Jan
Dec
*100%
100
A
&
Martin-Parry
12/
33
12
35% May
82
31%
31 Va
preferred—
(Glenn
42'/a Feb
Nov
50
rb
24Jan
4
4 'A % '•
Martin
36% Mar 11
84
May
31
5
Corp
6% prior pfd .—100
Ry
Marshall Field
Mar 11
^0% Jan
11
85 % Jan
14%
St
19% Jan
11
Jan
Feb
108% Mar
32%
Midland
Market
19
10
19% Mar
175
Aug
.
31%
_
Marine
2
27% Feb
Jan
Corp
8
8'
106
Jun
32%
■
23
26'/a Jun
100%
Dec
32%
Exploration— —.»_-l. : .7*6
7% Jan
102'/a Feb
Dec
7% May
42
45%
No par
16 Va Jan
6
Dec
»•
*
2
47% Feb
Nov
39% May
Marathon
Jan
Nov
35%
'190
14
-
46
Co__
Oil
145
45%'
.No par
Shirt.
Maracaibo
23 Va Jan
20
15% Feb
Jan
Dec
24% May
27
4
97
Jan
24%
Sugar
37%
*140
46%
—;i.
Bros-
77/a Jan
20
Feb
Manati
Manhattan
7
37%
145
46%
(The)
RR
37%
*140
46%
.10
Coal
Mandel
24
Jan
14% Jan
111% July
34
9% Feb
4
22 % Mar
May
14% May.
39'/a May
9% Jan -2
26
17
5% Feb; 10
1
14
Magnavox Co
*36%
145
.No par
Square Garden
Mahoning
Jan
9%
19% May
6% May
Jan
Dec
12%
37
*140
46%
Magma Copper
12
*36;
•
100
.No par
i.
Macy (R H» Co Inc com
4%% pfd series A
101 % Jan
2
com_.—„10
Inc
xl6% Feb
22%
85
36% Jan
Forbes
preferred
Mack Trucks
18% Aug
Dec
Jun
175
6%
&
21% Mar
May
9
MacAndrews
15%
8%
9V4
15
*9
9'/a
13%
13%
14Va
29%
*28%
29 VB
27%
170 Va
20%
7%
35
%
6%
12
26%
*168
*20 Va
27
170 Va
21
9 %
9 Va
14%
14 %
*28%
a:
29%
26%
*168
*20%
27
170 Va
21
7%
7%
7%
7%
34%
35%
35%
35%
6
11%
6Va
6%
11%
11%
6 Va
12
15
*21%
25
8%
22%
460
25Va
900
8%
3.000
•
A 9Va
14
*28%
26%
*168
*20%
7 %
36
6
11 '/2
9Va
1,100
14%
4,200
29%
26%
170
21
—
.
—
3.600
100
300
7%
2.600
36%
3,300
6 Vs
2,700
11 Va
5,900
J
24
Year 1947
Lowest
# per share
$ per share
13 %
May
26% Dec
17%
38
x25
Jan
Feb
2
Jan
29
13
2
17% Jan
14% Mar 10
18
Feb
28
21% Jan
5
37% Feb
11
43
Jan
12
25%
Dec
Oct
Dec
Jan
Feb
11
19% Jan
5
•
Nationa.
Feb
87
Feb
25
95
Jan
29% Jan
23
35% Jan
$4.50
13
Dec
107
25% May
15%
2
36■%
165
Dec
190 %
Sep
163% Feb
11
172% Jan
Dec
167
Jan
134% Feb
19
140
Jan
7%
14
136
14
6% Jan
15% Dec
Apr
15% Feb
11
% Feb
11
28
1%
If °«c
7% Feb
x6% Mar 11
Jan
8%
Jan
2
Nat
common
IOVb
107/b
10Va
l07/a
IO3/4
107/b
25%
25%
25%
25%
25%
25%
25%
4,5C0
15%
15%
14%
15
15 Va
15 %
147/e
15
2,300
187/b
16%
33 %
♦167
No par
No par
Co
ex-dist
25
21% May
Jan
22
22
25% Jan
12% May
23%
Dec
18% Feb .10
23 V\ Jan
85'% Feb
16
94
Ref Co
No par
National Supply (The) Pa com___10
4% %
preierred
100
Feb
11
25% Jan
National
88
Mar
100
Sep
Jan
National
Jan
Sugar
29%
17%-Feb
12% Mar 10
13% Jan
Natl
11
Dec
13%
Jun
11
Mar
9
ll7/a Jan
Natomas
18% May
13% May
24%
Feb
16
Feb
11
19 V* Jan
Nehi
18%
Feb
13% Feb
16
14% Jan
Neisner Bros Inc common.
Feb
26
105
Feb
28%
Dec
11%
107
Nov
98
Dec
July
38
Mar
13
100
Feb
106
i
x22
Jan
Nov
95%
*
Dec
108% Jan
35% May
22% Dec
*87% Dec
17%
Apr
Newport Industries common
87 »/8 Feb
5
90
22
20% Feb
11
preferred
100
Newport News Ship & Dry Dock—1
New
York Air Brake
No par
New York Central
No par"'
N Y Chic & St Louis Co com—100
6% preferred series A
100
N Y City Omnibus Corp——?No par
New York Dock common
No par
$5 non-cum preferred
No par
N Y & Harlem RR Co.
50
N Y New Hav & Hart RR CoPreferred 5% series A
100
N Y Power & Light 3.90% pfd—100 .
N Y Shipbldg Corp partic stock
1
N Y State Elec & Gas Corp—
$3.75 cumulative preferred
100
Feb
Oct
137
5
41% Jan
9
11
15% Jan
5
Feb
10
51% Jan
9
11
136% Jan
5
9
15% Jan
9
Aug
62%
Jan
12
11% Mar
Feb
3
21
49% Jan
19
51
Jan
19
250
20
Mar
'
Jan
290
Feb
121
Feb
'26
jf
Meb
39
Dec
20%
'
36
•
Dec
200
15%
Nov
84 %
Dec
107
Mar
86% Jan
6
10% May
16
sep
14 y8 Feb
27
Aug
81
25%
Dec
20% Feb
Sep*
100%
;
Mar 12
Jan
13
91% Feb
5
25
10
17% Mar 12
2
Jan
8
Mar
;
87 % Jan
22
Nov
55
Feb
18
Sep
26 y8 Feb
17
3
17% Jan
6% May
10%
14% Mar
Feb
8
Jan
11% Mar 12
2
83%
Dec
115%
Jan
82% Mar 10
87
Jan
17
25
Dec
30%
Nov
25% Feb
11
29% Jan
12
11
21% Jan
5
13% May
22%
Feb
16% Feb
79%
Dec
102%
Feb
81% Jan
89
11
Aug
22 Vi
Apr
11% Jan
15% Mar 12
19 y«
Aug
25%
Oct
x2l% Jan
33
Jun
45V2
Jan
33% Jan
Dec
13%
Feb
18%
Feb
6%
12
Dec
Mar
5
25% Mar 11
36
Jan
12
Mar
7
Jan
7
11% Mar
13
Jan
5
5
28
93%
♦92
^38
Jan
27% Feb
10
32
93%
27%
28
93
93
91%
Dec
111%
Feb
92% Jan
2
100
* Mar
21
Apr
35%
Dec
26% Feb
11
33
Jan
16
93
Dec
22
17% May
93
15%
92
8
91
28%
Feb
20
Jan
2
Jan
26
May
33%
Feb
163'%
Jan
148
28%
Feb
18
149%
84
Aug
68
93
Jan
Nov
i
80
July
Mar 10
Mar
83
Jan
5
31
5
Jan
29
23
Jan
5
43%
43%'
21
21
20%
21%
*203/4
21%
87%
87%
*86
87%
*86
87%
10
23
23%
4,800
37%
400
♦86
87%
22%
38
38
38
13
43%
22%
23
22 3/4
37 %
37%
37 7/8
12%
Feb
126%
11%
12%
12%
12%
20%
*17 V
20%
2
20
■•"
20
♦48 "■••'
,
54
*48
*230
23
23
♦22%
23
22%
90
*89
90
90
15%
15%
♦88%
90
Lowest
Highest
# per share
•
I
15%
15%
15%
15%
t per share
.
^* Lowest
Highest
' ;,
f.
90
May
9% May
16
19
Jan
24
.
Sep
Feb
.
80
Jan
11% Feb
,11
Feb
*30
31
•30
31
56
55%
56
55%
55%
26%
26%
26%
26%
26%
15 %
15%
15%
15%
15%
15%
107%
11%
10%
10%
10%
11%
19
♦5
13
40% Jan
7
x33%
4~3~% Jan
Dec
8
31% M-r
19% Jan
50%
Nov
25% May
bz%
•
Jan
39% Feb
,
*89%
Dec
129"%
Jan
131
*
Dec
168
Feb
•"
i
3% May
7
,21% Jan
-4%
r
Dec
8%
'
13
A
5%
27%
28
28'A
28%
18%
19%
18%
19
88'%
88%
88%
19%
18%
18%
87%
88
88%
89% Feb
134
4
2
Va Feb
14%
14%
15%
15'A
15%
18,500
24%
25%
25%
25'A
25%
10,600
♦34%
35%
*34%
5
5
5%
.v
5%
f
•
-
9%
9%
9%
>
♦21%
♦94
28%
v
150
♦86
87%
♦84%
58%
58%
58%
29
13% Feb
11
16% Jan 12
Pan-American
Feb
5
52% Jan
Panhandle East Pipe L com
46
Mar
92% Jan
12
Feb
6% Feb
11
21
24 Vi Mar
Mar 10
10
5
Jan
2
Jan
19
18% Feb
11
21% Jan
8
34% Feb
10
40
102
Pan
4%
&
convertible
4%
Paramount
preferred
Pictures
Park & Tilford Inc
13
29
2
Parke
Feb
24% Feb
11
5
Parker Rust Proof Co
Feb
Jan
5
30%
A
A
*49
31%
91%
146
*-
4%
4%
Utah
Park
48%
48%
49
94
94
94
95
95
Parmclee
*25%
26%
25%
No par
f
"
6%
6%
6% ■"6%
.
Feb
9
24
11% Jan,,8
Patino Mines & Enterprises
5
;
*9%
"
38 Va
32% Feb 27
37
Jan
7
Penick & Ford—'
48%
Feb
38% Feb
27
43
Jan
2
Penney
15%
<■
Jan
5% Jan
2
8
Jan
29
Nov
,
___No par
;
Coal & Coke Corp
16 Va
Oct
11% Feb
13
15% Jan
2
Penn
-24%
,
.13% May
Feb
15% Feb
11
19
5
Penn-Dixle
Jan
Corp..
Cement
■'
1
—1
..14
^.10
7
Co_
7%
•
"
14%
*13%
16%
i-
*15%
-
7%
7%
15%
9%
39
39
7%
7%
V
;
;
7%' V
v
15%
■
15%
2 Va
29
Sep
36
Dec
117
18
Dec
22
15%
Dec
Apr
Jan
Jan
26%
Feb
29
Feb
18
33
112
Jan
14
112
18% Feb
11
Jan .12
Penn
Glass Sand
'
-
*28
32
*28
16% Feb
27
14
5%
5
Penn
117
•112
117
i; 19
■'
,*28
100
*112
20
Jan
5
preferred
Power
&
38
May
Dec
45%
81%
Dec
Jun
Light Co
No par
Pennsylvania RR
17%
50
116
6
23
May
Dec
8% May
13% Jun
,
37
May
41
Sep
103
Nov
40
101%
May
Dec
Jan
55%
,
Feb
20
Feb
19
Mar
9
47% Jan
12
Jan
16
45% Jan
6
118
Pennsylvania Salt Mfg Co eom__10
37/2%
conv
series
A
pfd
Peoples Drug Stores Inc
7%
14%
i'*42%'
17%
18%
*42%
43 %
108%
108%
*88%
j1 90
89% Mar 11
Peoples G L & Coke
13% Jan
5
Peoria & Eastern Ry Co.
—100
24% Jan
5
Pepsi-Cola Co
-33 %c
108%
12
Jun
99
Dec
Jan
9% Feb
7
11
18
Oct
14% Feb
2
62%
Jan
47
Feb
11
30% Jan
107
Mar
6
4
11% Jan
5
Jan
13
54% Jan
2
16
Pet
Milk Co
4%%
Pfeiffer
Pfizer
(Chic)
common
2nd preferred™
Petroleum
Corp of America
Brewing Co
(Chas) & Co Inc
43%
110
'
100
t
41,
'
*88%
11%
11%
18%
18%
18
18%
28"%
27%
28
.No par
*27%
100
*105%
106%
*105%
10%
10%
5
10%
—No far
*14%
1
50%
107
36% Apr
49%
Dec
97%
Dee
48%
59
Dec
M«r
109% Aug
For footnotes
see
page
40% Feb
13
F»»b
5
50
95% Mar
28.
5
48 Va Jan
5
51% Jon
<1
Jan
.13
100
Phelps-Dodge Corp
__25
Philadelphia Co 6% preferred
50
$6
preferred
No par
43%
♦51
*95%
40
<88%'
90
*10%
J
410%
*10
■
40
*42%-
110
*38
40
•
1,700
:
400
27
6%
•
,'
700
*32
32%
800
38%
:
'
7%
14%
14%
15%
;■■
15%
*27%
32
*27%
3,900
39
; *7%
16
114
*112
18%
19
18%
18%
18%
18%
*42%
'
43%
*43%
110
37%
; 89%
110
*110
*36
39.
*88%
89%
11%
*10
11%
*10
13
18%
*27%
28%
*28
29%
>104%
105%
*104%
10%
10%
89%
11%
18%
■*<
4 800
:
i
1,200
500
*27%
28%
105%
10%
89%
*10
32
114
18%
3,600
18'A
32,300
*10
106
10'A
17%
*28
*104%
10%
112%
39
89%
300
11%
18
29%
106
10%
21,200
100
100
1,200
1,400
15
14%
14%
♦14%
15
14%
14%
*14%
15
14%
14%
50%
50%
50%
51
50%
50%
50%
50%
50
50%
1,800
43%
42
43
42
42%
42 %
43%
42%
42%
11,900
50
50
51
50%
50%
50%
51
96%
95%
95%
*95%
43%
97
-
42%
50
*95%
51
97
*95%
96%
♦50 %
96
96'A
:
210
.200
50%
j 51%
■
44
'
17%
10%
*112
88%
18%
*104%
44
110
17%
10%
"
,
2,400
2%
29
-
1,400
*15%
32
117
17%
41
4
;
17%
110
20
>112
17%
*42%
43%
•
;
17%
43
17% Feb
22
8
14%':-.
1,200
9'A
39%
.
51,000
9
33
38%
.
40
20%
35'A
2 Va
2%
1,000
104
/
35%
9%
32%
16
19
109
10% Feb
27% Jan
;
9%-
■
18%.
*41%
86% Feb
Jan
20%
20%
37
*6%
18%
*107%
Feb
34
120
7,600
.
23
*100
102
6%
14
2,100
•
7%
■
23
X6%
18%
5
Feb
17
7%
7%
22% '
6'A
18%
1100
34% July
22
'•
93%
28%
Xl8%
17%
'
'
22%
51%
118%
i
*
93%
*25%
7%
*27%"
32
*112
-32
18%
Corp com_No par
'
Jan
19% Jan
95%
'
"
HI
99
.
49%
28%
A
.XlOl
49
25'A
33
300
14
28%
39%
;
*15%
15%
16,200
14
25%
9%
,
39
7%
14
"•.13%;
14%.
17,200
9
8%
'
49 >/8\.
20
'
'■
4%
4%
-
■
*35%
2%
*32%
,
3,100
29 Va
9%
9'A
33
32%
■'■-'•■
39%
38%
38% •i38%
'
Airlines
33
*32%
i
..-^No par
(J C) Co
Penn-Central
33
*32%
51%
26%
*25%
6'A
6%
100
.
19%
29
;
100
2,100
"
36%.
2%
2%
25%
6V2
*
9'A
9
V '9%
36%
28%
25 %
25 %~
-
300
'
4%
50%
./:•
9%'
7%-
103
147
4%
14%
22%
19%
2%
29 »A
■
7'A
23%
*35%
*144
4%
.
*93%
,7%
*99
28%
2'A
28%
2%
-
.19%
*35%
36%'
2%
29%
2.50
Transportation
103
19
19%
*34 %
; 38
2 %•
1
"•
800
90
51%
48%
22%
■' '
7
23
*99
103
29%
1
6%
23
23%
"19'A-
20
(
Co
••",•
; 7%
-■
*99
103
*36
7
23
30%
90
a
4%
*14
49%
J
4
24%
:
19% :
8%
14%
800
30%
90%
4%
9
14%
*13%
14%:,.
38,700
48%
*30
147
50
4%
8%
8%
49
"
par
Consolidated Mines
Davis
24%
4%
14
2.700
i<r
*48%
31
4%
50'A;
4%
4%
8%
*144
%
50
49%
4%
9
4%
4%
49
52
147
*144
30'A
itf
48%
30%
x90
90%
91%
5,700
1G
30%
-
48%
91
40
200
31%
31%
f»
31%
*31
146
■
48%
48'A
49%
31
"
94
•
f 7%
*99
1
Jan
2% Jan
7%
-
_100
1
Ino
33% Jan
8
30%
hi
49
"!, 95
*94
•'S
Refining
Ll
Paraffine Cos Inc com (new) _No par
Prod
13
9
30'A
hi
4%
*14
48% 149
100
preferred
Panhandle
24
6% Mar
30%
"
2% Jan
29% Jan
31%
8%
*14%' : 14%
No par
31%
31%
4%
tV2
17
31%'
146
4'A
!
*16
31%
91
91
*143%
,51%
8%
37'A
16'A
49'A
50%
4%
*36%
16%
31%
4%
'
No par
28% Feb
.
*51
37%
50
69%
17%
■1
200
*66
37%
30%
hi
300
12%
12%
12%
67
*16%
31%
Shares
13
13
>13%
*36%
A
Sales for
the Week
$ per share ' -
67
17%
30%
49'A
91%
*12
37%
31%
2,100
Friday
j
69
*16
30%
*31
145
4%
1
Corp
Car
Jan
*
91%
145
100
*13
12%
12%
*65
\
*36
hi
31%
13%
37%
31%
—
Mar. 12
Mar. 11
16%
16%
'•■'
58%
37%
*36
49%
58
t per share
13%
13%
12%- i"
49%
58
!
87'%
Thursday
!
Mar. 10
$ per share
70 %
700
18
18
*85
57%
58
30
148
*146
18'A
2,200
87
*85
Wednesday
13%
'"■
148
18%
1.000
27%
27%
SALE PRICES
share
*67
A
Airways Corp
_2%
Petrol & Traasp
5
Motor
American
|Jan
15»/b May
Dec
Apr
95
Packard
HIGH
Mar. 9
*12%
30%
28
*146
80
22%
*21
28
28 %
148
57%
58%
12%
31%
91%
21%
Tuesday
per
2,800
91%
*21
'58
; f
90
9'%
22
87
'
94%
91'A
*85
~
23%
8%
91
> 87
"
8% May
1
Jan
Feb
97
Pacific
5
8% Jan
4%
58%
23%
•93%
9'A
9'A
92
*85
13%
31%
10
2
Jan
53% Jan 15
11
14%
Dec
5%
Oil
Western
Jan
43
31%
3,300
93
h
70%
16%
•
24%
93
"
:
*67
No par
preferred
Pacific Tin Consolidated Corp
34%
•
10
25
24
18%;
*12'A
37%
*16%
500
9'A
28
*13'A
No par
Corp
Mills
5
Jan
*36
17 %
*17%
70%
30%
10
■53%
Dec
32% flep
38% May
No par
No par
non-cum...
17
*21%
12%
12%
♦67
17%
x92
13%
♦13
10
17%
148 r
$ per share'
t per share
12,000
18
-
LOW AND
v-Vi-
29%
150
Mar. 8
Mar.«
29%
18
Monday
Saturday
-
,
13
Juiy
87
•99'A
30
x9%
28%
28
18%
18
18%
100
29%
93
23%
22
170
100
93%
17%
*91
r/ 94
>148
150
♦148
*18%
.,
'
28%
28%
28%
„
♦148
*93%
22
23
'
500
32
32
31%
31%
29%
,
*17%
9%
*21%
95
22
95
95
STOCK
27
32%
.Sep
Dec
2
7
,
♦94
95%
♦94
12.50
% Feb
lUU
28%. May
.
94
8
9V8
Dec
33%
,
24%
6%
8
600
24
29
29%
29
31%
100
99%
100
9
4 Va Feb
109
1
Jan
Dec
.37
5% Jan
600
V
*31%
31%
31%
100
100
100
92
41% Feb
Nov
if ft
30%'
23%
'
'■
Pacific Telep & Teleg common—100
9
5'A
11%
'...XV
•
x30 %
9%
Oct
July
%
Mar
12
*11%
12
12
11%
35
*5%
*11%
5'A
5»A
5%
*34
35
*34
35
*34%
5
11%
11%
11%
12
35
5
s
95%
Co common
Lighting
330
89
14%
24%
24%
Feb
18
19%
-,
8
146
10
22
i 96
••
Pacific
Pacific
97% Jan
27.
Jan.
15
A- ;
89
14%
24%
16
12
A:"
14%
24%
301
When issued
Jan
54
13
rA;
7,900
13,700
14%
•
24%
Feb
55
Dec
Feb
10
83
*82
83
*82
19
24%
preferred non-cum
Pacific Finance Corp of <.Callf
35% Jan
48'% Mar 10
48,900
25%
♦100
24
30
11%
27%
24%
7%
Jan
-
24
% Feb
11%
82%
17%
14%
t
May
90
8
31% Feb
19
Feb
"59%
Dec
,40%
,
1
36% Jan
19
II Feb
11%
27%
*17%
Pacific Gas & Electric
5
30% Feb
11%
82%
17%
2nd
13
17,300
83
27%
18 %
1
34% Feb
15'A
*26
14%
31
2.50
Pacific Coast
Oct
46%
300
■';'/■ 15%
•
24%
♦117/b
Pacific Amer Fisheries Inc.
16% Mar
*
YORK
preferred
26%
15 »A
14%
s
♦35
Par
1st
2,700
26%
15
.
'35%
14%
♦88
89
:•
24%
—100
31
12
400
55%
55%
55%
400
31%
*30
24%
♦88
No par
17
Jan
20%
*26
26%
89
18%
19%
55%
55%
55%
*26
;';A: .'•A/, uo
86
20%
30
30
6,900
27%
*82
30%
& Mfg
13% Jan
71
86
110
17%
16%
20%
60
2,300
90%
*89
1
*85%
*85%
x20%
30
29%
common
15% Jan
11
A:'v
86
80
30
28
10
11
62% Feb
!
16%
21
pfd—20
No par
& Elec 4%
27
Oct
89%
16%
*20%
'
10
50
89%
16%
86%
100
;
22%
22%
i
21
*17%
$ per share
.4 * per share
53
' 250
23'A
♦85
17%
EXCHANGE / '
<
*48
245
22%
♦20%
*55%
No par
NEW
'
53
22%
21
100
20%
<17
20%
1,900
2,700
13%
250
*48 ';■■■
86'%
*
30%
Co
V
Range since Jan. 1
12%
•
15%
STOCKS
Year 1947
12%
3,200
130
12%
*240
13,200
•
45
129%
43
,
*17
250
240
240
'
53
240
♦215
23%
23%
♦17
51
51
250
♦88%
20%
♦19
54
♦215
13%
13%
13%
13%
30%
Owens-Illinois Glass Co_
Range for Previous
1273/4
13%
13%
43%
127.%
42%
127
*3r»3/4
133/B
13
42%
42
■41%
126%
*17%
preferred
Outlet
27
73% Jan
89
17
57% Mar 10
13%
12%
12%
41%
126%
1,600
21%
20%
377/B
2,800
433/4
43%
233/e
37%
*93
'
♦50
100
common
Marine
44
22%
43%
127%
27
$
433/4'
87%
13%
13%
43
■
22%
•
.No par
Elevator
6%
x
*■'
■.«.
87%
22%
127%
4
*36%
22%
♦126%
,■*92
94
V
Co
Outboard
30
43%
4-,t
Oppenheim Collins
Otis
32% Jan
154
5,100
♦86
13%
convertible preferred—10.0
Omnibus Corp
(The) common
6
8%
convertible preferred A—100
14
;!"
20
12
96
21%
31
preferred
Corp
44
92
11 %
43%
43
4%%
22% Jan
100
8
Jan
10
10% Jan
25
Mar 11
27
Oct
19% May
Feb
8
Jan
99
94
21%
♦36%
Co common.
Oklahoma Gas
Oliver
27 y8 Jan
9
Feb
•
17
18% Jan
11
Mar
Feb
118
Sep
24
22% Feb
Feb
13%
'
May
;
Mar 12
Dec
107
7% May
86
;.-
17
July
27l%
Dec
12%
94
92
92%
12
-
300
43
83%
Oil
*92
12%
94
117/B
'
0i'
27%
x27%
28
43
28%
Ohio
12
*273/4
22%
♦82%
4.40%
300
'
102
t
*92
"28
1
•'
14
*13%
*100
102
*100
27%
*92
12
11%
*
12
22%
'''
2,100
16%
*153/4
14
800
1,200
11
94
28%
Edison
600
12%
*10%
16%
*133/4
23%
12%
11%
*16
13%
200
23%
12
83%
Ohio
Mar 12
11
800
89
♦92
11%
O
Dec
123/4
102
_
•27
23%
2,100
12,300-
(93
♦86
Co
American
231/4
*12%
13%
*100
102
*27%
11%
Ry com
Adjustment preferred
North
.
28
>82%
28% Jan
Jan
Norfolk & Western
61% Jan
30%
28%
107/b
64%
*87%
ill
'
102
<157/a
Dec
87%
16%
16
13%
♦100
♦100
102
15%
56%
Chemical Co
87%
11
11
16%
♦13%
13'%
13%
13%
11
16%
16%
16
16%
11
11%
♦11
>26 %
Nopco
22%
12%
10
North American Aviation
1
Northern Central Ry Co
50
Northern Natural Gas Co
10
Northern Pacific Ry
100
Northern States Pwr Co (Minn)—
Cum pfd $3.60 series
No par
Northwest Airlines Int common__10
4.6% cumulative preferred
25
Northwestern Telegrapt
50
Norwalk Tire & Rubbm
No par
Norwich Pharmacal Co
2.50
Noblitt-Sparks Industries
36 Va Jan
213/4
23
—25
23% Jan
8
22%
12%
31
4
Mar
21%
22%.
*29%
20'/a Mar
30
23
12%
2.50
4
25
Oct
82%
23
22%
♦20%
Jan
82%
23%
12%
11%
3,200
|3
82%
%
u
81%
*23
♦22%
12%
12%
It
%
82
f 23
%
-
23
♦22'%
200
1,700
82
21%
♦84
25%
33%
21%
86
53%
Dec
20%
21
Dec
Dec
23%
>20%
23% Nov
26
81%
23%
%
110
63/4
173/4
*17
24
81%
24
♦85%
33%
16%
%
%
82%
87%
♦21%
1
4%%
23% Mar 11
12% Feb
Feb
Feb
Jan
,
17%
17%
17
88
"♦42%
9
12
22%
Nov
80%
6
24% Jan
A
17%
17
17
17%
♦87%
11%
46% Jan
50
Dec
230
Jan
94
3.
13
140
*6*/2
13%
93
20% Mar 10
Feb
168%
*138%
6 a/a
*
38
46%
•
v
11% May
19
x90%Feb
*167
140%
Xb%
U
23
♦92
England Elec System
New Jersey Pr & Lt Co 4%
Newmont Mining Corp
New
8
,
Feb
26
May
52
12% Jan
Dec
102
12
80
98'A Jan
11
168%
*138%
7
87%
♦27%
44%
Jun
May
18% May
10
*166%
138%
88%
♦100
32%
32% May
*
Feb
11% Feb
87
166%
*6%'
87'%
♦13%
common__No par
100
20
pfd—100
—10
Newberry Co (J J)
3%%
preferred
31% Jan
x27% Mar 12
"
166%
21%
87%
♦16
110
138%
6%
22
♦11
4,100
166%
21%
12 7/8
40
313/4
31%
32%
139
22%
♦
serial preferred—100
conv
31%
♦6%
81%
♦87%
_1
32%
138%
♦23
♦22%
.No par
Corp
✓32
166%
17
24
No par
Co
4%%
Jan
104
Fibre Co—'
Vulcanized
33
100
4,800
913/4
*90
92
67/a
7/b
22%
10
1
Co
Tea
20% May
12 ya Dec
32%
16%
*90%
167%
82
♦23
28%
92
139%
17%
82
Corp
Steel
*90%
15,600
.
163/b
.16%
">6%
;
%
National
92
19
42
*40
42
16
138%
17%
91% Jan
*40
16 %
18%
19
18%
42
157/B
'
166%
7
81% Mar 10
187/b
18%
*40
♦90%
33%
33
137
♦6%
Nov
16%
92
♦90%
169
136%
95
13%
39%
15%
16
91%
33
18%
33%
16%
♦39%
41
74% May
19'%
42
18%
18%
.
♦39
1
Cast
Lt
&
Power
10%
25
15%
16%
Service Corp
Stl
&
Mai
Natl
Jan
10%
25%
15%
91
A
B
preferred
preferred
6%
11
25
15%
100
100
Co
National Linen
18% Feb
1
Lead
1,900
10%
25%
No par
10
preferred
conv
National
Shares
11
—1
Co con.
Gypsum
for
the Week
■■■■
$ per share
share
25%
No par
National Dept Stores
5
National Distillers Prod
r
No par
Nat Enameling & Stamping^_No par
23 Va
1.
Sales
Mar. Vi
Mar. 11
$ per
Sper share
♦15'/a
•10%
1
National
National
S per share
Friday
Thursday
Mar. 10
Mar. 9
S per share
I per share
Par
,
Cylinder Gas Co
Dairy Products
2
13% Jan
4
48 Vi
17% May
30% May
14% May
96
10% Mar
Ouxi
20 V2
14% May
t per share
$ per share
Feb
Monday, March 15, 1948
,
PRICES
SALE
Wednesday
Mar. 8
Mar. 6
EXCHANGE
Highest
Lowest
Highest
,
HIGH
Tuesday
Monday
Saturday
YORK STOCK
NEW
Range since Jan. 1
-
LOW AND
STOCKS
u
Range for Previous
•
RECORD
STOCK
YORK
NEW
)
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(1164)
640
70
,f
;•■
Volume
167
Number 4681
THE
COMMERCIAL
k
FINANCIAL CHRONICLE
(1165)
NEW YORK STOCK RECORD
"
Range for Previous
Year
lfiil
Highest
Lowest
v
$ per share
t per share
21%
Dec
27-%
23%
Dec
29 Va
111%
Dec
<
95
Jan
-
Dec
•V
Dec
35%
|
r
<:
,••-104
28
\ 98 Va Mar '
25
Dec
Dec
109
Feb"
85
Dec
101
Mar Z,
21
Apr
81
43%
Jan
12
30 %
18
38 % July
108
Feb
Apr
99'/a
Dec
96 V3
Dec
96%
16%
30
42
99 Vb Feb
Oct
88
Dec
18 Vt
102
Jan
11%
Mar
32%
Dec.
26% Feb
11
Dec
Aug
145,
Jan
26
Nov
203
Jan
157
Feb
16;
163 Va
32 Va
Apr
12% Feb
11
42%
Feb
34
Feb
Nov
8
Feb
May
Apr
140
114
59 V» May
67
Jan
,>
17% May
$4
71 Vb Mar
15
Feb
145
Jan
Apr
Oct
2
'
5
9
140.
Jan
9
80
Jan
145,
9
■
5
Jan
5
9
33% Mar
22
«
6
14'A
Jan
10
Feb
17.
10% Jan
33
Jan
6
49% Jan
9
Oct
29% Feb
14
19%
Oct
12 Va Feb
13
12%
15 Va
Nov
12% Jan
28'
9
»May
33% Dec
;
16
Feb
'
43
8 Vb Feb
13
May
71%
Dec
,30% May
19 Vb
Jan
110%
16
18
Feb
27:
23
Mar
81
Mar 11.
87
Jan
35,
Feb
Feb
6
Aug
x90
Feb
11
102
Feb
6
111% Feb
16
119% Jan,
11
135% Jan
Jun
130
Aug
146% July
114% Feb
51% May
21% May
61%
Feb
109% Mar
Feb
29%
X127
Dec
23
53
106%
Oct
109%
Jan.
101% Feb
13
24%
Dec
36%
Feb
x25
11
20
Mar
24%
Dec
Feb
x21% Feb
$4.75
Public
5
;.
107
31-
$5
25
85
85
25%
25%
92
92
39
39
58%
;
cona„No
par
Co
Co
12%
/
com____No par
33%
;
.47
No par
Service
Co
13»/b
13%
66%
Colorado—20
>'
Pub Serv Elec A Gas
pfd $5—No par
Pullman Inc
No par
Pure OH (The) common
No par
5% conv preferred
100
45
2,600
1,300
x8%
8%
11%.
8
12
Va
8
12
10
vb
12
1,500
240
*127
78
*76
78
74 Vb
*7'2%
.74 Vb
100
16
*16
16% 7
16'/b
16%
150
700
*139
'
,
E
33%
'
150
*323/4
.
10
*10
"
*139
33%
33
10%
f
150
*10
33%
'
•
300
32%
33
33
f
33%
34
34%
13'/a
13
13
13%.
2,400
13%
13%
13%
y
3 s/a
83/4
•'
13
VB
133/8
8%
/
8%
?
f
13 Va
13%
13%
13%
9,600
8%
8%
3,600
*31%
32
67
66%
67
66 Va
66%
653/4
66'/b
22%
22%
22
4,000
22%
21%
22 vb
81
10,300
81 Vb
81
81
33
33%
21%
22
32%
♦31 Va
32%;
82
/-
34%
34%
33%
333/4
21%
21%
21%
21%
1
94%
*81%
r.:
,/
82
r
33%
33% '
21%
*31v8
33
22
93 Vb
94 Va
943/4
94%
•
96
95
103%
103%
103%
103%
103 VB
/
X103
104
103
.'
112%
113
113%
113%
113
113
128%
113 v*
1293/4
/"<'
1133/4
128%
128 3/4
128%
128 Vb
128 Vb
128 Vb
*110 Vb
110%
128%
HOVb
HOVa
44%
43 Vb
44%
4,100
7,600
128 Vs
45
!
103
113%
45
127%
28 Va
*1043/4
27
*213/s
280
'
112%
107
*26%
900
22%
103%
28%
.'*106;
1,600
6,300
Y
111
■28 vs
Quaker State Oil Refining Corp. .10
80
35 Va
;
129%
/*110%
No par
149
159%
343/4
103%
*129
200
159%
34%'
1133/4
103%
*113
1,400
'
*72%
'./. *81
21%
94
'
66 3/b
34%
94
20
'-v.;
14
*76%
82
21 Vb
27
161
34%
'
21
87%
27
21%
67Vb
21%:: 23
,181%
*85%
*13 vb
10%
8%
34%
;
14%
453/4
13%
34%
94
27%,
13 Vb
45%
8%
34%
,
86%
27 Vb
32
*31%
66%
/
82T4
1,000
46 Vb1
13%
8%
150
12
12
45%
13.:
20%
100
Corp
22
*81%
100
Puritv Bakeries
67 Vb
20 vb
12%'
46%
31%
33
800
45%
45%
13 Vb
.
■31%
100
.
■'
77
10
.
100
*96
149
:•
74%
32 3/4
10
14
,
303/4
100
*127
*139
13%
*313/4
31%
<
10
7,100
153
11%:-/
16
33
10
>.;/
*12
100
''•
*158%
8%
*73
150
,
45
8%
,33
*
34%
77
■;
16%.
31%
*13
8%
V
14
■
'
5
100
5
13%
161
77%
33
10 V8
13%
i
No par
of
*10
31
_No par
preferred
8
10%
583/4
86%
*127
73 Vb
*139
33%
45 Vb:/ 47%
i._10
com
150
33%
30%
8%
Inc
*139
58 vb
*145
8%
11%
87
58%
12 Va
;
400
39%
100 '•
133/4
100
6,300
.
88%
*31
34%
—
*15%
'
*82
'373/4
*12
„
153
113/4
•
92%
*86 vb
873/4
*158%
25%
39%
•
47%
*31%
preferred
16%
*
1
Industries
*153/4
87
84%
%
92 3%
£8'/a
27% >'
8%
71%
x
74
84%
25
:
88 %
12%
*144
75 Vb
'
■
92%
*82
'
133/4
35
11%
*127
>,30%
V: 13%
1
/ 160
343/4
8%
76%
*72%
33%
*10
:
5
preferred
preferred
<
74
18%
/' 150
*139
160
<•'
8%
__
76%
25%
*38%
27%
153
.-•11%'/ 11%
*127
16
,
5
com
11%
2,600
}?
84%
'a
*96
*86%
/
14
*144
35%
8%:-.
I"? 5 %
75 vb
*72%
l
7%
5
;
87
27%
162
X35%
28%
31
12%
500
28 vb
101
12
750
29%
*86 Vb
*95%
27
153
*157%
8%
*121
■■■
100
,
*144
35%
31
*100
1,000
'
6,900
25%
14
31%
—
*13%
;
95 vb
5,200
*
15%
> >
87
99%
99%
87
14
-
m%
:
_100
*31
27%
*95%
96
"
87 Va
14
107 Vs
15%
40-."
*12
106%
15%
57%
14
12
27%
163
;
8%
57%<
57%
106%
'15%
87%
12%
14%
35%
r
87%-
*95 VB
—
*87
153
*159
•
•
31%
27%
* 13 %
*82
*37%
99%
12%
87%
♦145
10
±
12%
27%
'
.
...
_100
31
99%
*95%
*87
No par
Co
100%
87
39 >/a
*12
243/4
*83 Va
88%
57 Va
14
24%
*92%
*37
58 Va
*12
*95
;
1
,
31%
*99%
:
100
57%
14
♦81 %
*82
>'
24>/b
Shares
22
1
28%
*87%
*87%
58%
*12
preferred series A__50
cum
25%
*85
88%
Corp of N J com__No par
preferred—
No par
8%
26 vb
86
40%
6%
•
Jan -'.'5
24% Jan
86
*85
*87%
9
12
Jan
86
*38%
7.>
Jan,
29
Pub Serv
12
30% Jan
5
29
100
preferred.-.
conv
Publicker
•
111% Jan / 2
42% Mar 12
29
92
—
4%%
14;
108% Jan
5
x25Vs Feb
i
Jan
97% Jan
28%
21 vb
96
153/4
29%
25%
25
Procter A Gamble—
8
20
15%
29%
92 %
No par
Pond Creek Pocahontas
Poor A Co class B
•
9
Feb
*
•
18
15
15%
29'%
25%
,
24'/B
>
15 Va
26%
5
31%
106%
96
the Week
$ per share
21%
106%
95%
15%
87
common..
referred class B
103%
'•
1
15%
■
26
preferred class A—
100
5%% 1st ser conv prior pfd
100
Pittsburgh A West Virginia—100
12
71% Jan
32% Jan
120% July
Dec
127
62% Feb
,
Jan
111
Dec
111
Feb
9
2
96
95
-
Potomac Electric Power
Pressed Steel car Co Inc
5;
Jan
Jan
25 Va
Dec
102%
Jan
Vb
38%
Dec
90
Nov
32%
102%
15% May
85 Vb
11
34
,»
<
9 ;
13% Jan,
27
31% Feb
:•
Feb
'
57
15% Jan
-
106%
*94
*82
.
*
34% Mar 12
106%
96
*92
_
16
Dec
35%
,
243/4 ♦
87
Pittsburgh Young A Ash pfd:
Pittston Co (The)
Plough Inc
;
Plymouth Oil Co
f
243%,
?90% : 94
5%
8
21% Jan
24 Va
*85
preferred_^_No par
,7 Pittsburgh Steel
r
24%
RiIM for
-
Mar. 12
I per share
1
15%
No par
_
;
convertible
7%
24%
106 Va
No par
com
Pittsburgh Screw A Bolt
6
22
*82
preferred—
preferred—
gtd
21%
100
Pittsburgh Plate Glass Co__
27-
87% Jan
38
Dec
cumulative
7%
22
100
preferred—
Pitts Consolidation Coal
,
21%
$ per share
*29%
3
Pittsburgh Forgings Co
:
—1
Wayne & Chic Ry com—10o
Jan ?"2..
19% May
11% May
;
100
21%
*94
Friday
Mar. II.
24%
96
'
Thursday
S per share
106 %
25
»
PRICES
-Wednesday
Mar. 10
/
213%
105%
15%
■
Pitts Ft
*
14% Jan ,29
'
13'
28% Jan
$5
10 r
Jan
10
28
Sep
Jan
>
27
Dec.
38%
Sep
,21
11
Jan
73 Vb Feb
20%
200
May
10
140
Oct
84%
10% May
171
10% Feb
Oct
93%
series
Pitts Coke A; Chem Co
5
39% Jan
13
Dec
.
preferred series A
Hosiery
Pillsbury Mills Inc
Mar 12
163%
20-
10 vb
3
—.
Phoenix
30
17% Jan
15
,<
preferred
5%
8
(
Jan
149,
•
May
common.,
Phillips Petroleum
■
5
31% Jan'
<
16
Corp
___1
Pitts C C 4c St Louis ;RR^__
90
169
Reading Coal A Iron
Phillips Jones Corp
5
13
14% Jan
86% Mar 11
Dec
A
4%
2
103% Jan
7
Feb~H-
Aug
*94
100
SALE
Mar. 9
$ per share
21%
♦24
Philip Morris & Co Ltd common—_5
30
34% Jan
'
16
7
Feb;
13% Jan
165
8 Va
Jan
90
62% Jan
5
21%
4
preferred
:r 3.00
2
,
;
106%
3%%
10
87% Jan
10
v» Feb 25
13
Dec
May
10
22
Feb
Jan
No par
common
HIGH
Tuesday
Mar. 8
tper sharev'
t
Philco
5
92% Mar 12
26
12"
9
28% Jan
6
54% Jan. 21
Feb
,
Jan
87% Jan
-July
'
Phila
90
•
21
36
Dec
93
87.'
Jan
85%. Jan
i.;
63% July
Jun
2
Co
Par
AND
Monday
Mar. 6
.
3.8%
2
Jan
Electric
LOW
Saturday
.
SI preference common—No. par
4.4% - preferred
100
33 V2 Jan
22;
Feb
Phils
2
16 % Jan ,30 *
Janr. f25V*Febll
43
.50% Mar
Jan
84
Nov-
88
97
...
••
5*
,
110% Jan
19:.
,
VNEW YORK STOCK ,7
,S per share
25 Vb Jan
28
Jan
v
EXCHANGE
23% Jan
21
Jan
14.
„
26;
Jan
91
r»,
26
22% Jan
<•
^
'STOCKS
Highest
per share
•21% Feb
<
Jan
133% ..Aug
ii0!)% .Aug
7*16% Oct
10% May
21 v Jan
85
Range since Jan. 1
Lowest
•
•/*•'
•
.
26
21%
26%
107
*104%
.
26%
21%
27%
26 Vb
!'
110%
43
27%
95%
*110
•
43%
1,140
520
Y
480
190
110%
20
42%
42%
7.000
27%
263/4
27 va
106'/a
106 Va
14,500
105'/a
105%
200
26
*25%
26%
*26
27
22
22
27 Vs
107
26
22
21%
43%
*104%
26%
♦liO
110% V
43 VB
107
*25%
22%
**110
95%
21%
21%
*213/&
217/#
1.300
8%
22,000
300
R
•
7% May
10%
Feb
7% Feb
20
9% Jan
68%
5
Dec
80%
Feb
63% Feb
11
69% Jan
5
8%
Dec
15%
Jan
7% Feb
27
94%
Dec
105% Mar
28% May
,17% May
32%
41
92
Feb
Feb
18
98
28% Mar 11
32
Dec
22% Feb
38%
Dec
16% May
Feb
31
Jan
31% Jan.
20:
34% Jani
9
20% Jam
2
Dec
36% Feb
24
39
Jan
33
9 Vb
39
131
Feb
16
34% Jan
6
10% Feb
24
Oct
11
July
18% Feb
May
96
May
12%
108% Mar
101
Jan
12% Feb:
21
Dec
105
Feb
16%
Feb
11% Feb. 11;
13
Jam
14% Jan
Reading Co
Nov
11% Feb
Feb
22% Mar 11
14
25
Jan
17%
Feb
10 Vb Feb
27
11% Jan
5
84 Vb
Feb
62% Jan
14
63% Jan
23
Dec
17
Aug
Nov
102
Jan
24%
33%
J©n
11% Mar 12
x95% Mar
Oct
14% Jan
x22% Mar 10
9
.
2
97
5
Reliance
.
Feb
29% Jan
Mfg Co common
pfd 3%% .series
Conv
,
/
3%
-
91
1
Highest
3 Vb Mar
4
4% Jan
8% Feb
11
10% Jan
30%
Feb
22% Feb
11
27
24%. Feb
110
Apr
103"
Jan
5
15% Feb
10
105
90
May
82% Feb
17
Feb
5 % Feb
20
19% Feb
27
■'
May
36% May
<45
85
19
„
-
Jan
.
•13%
Dec
16%
94
Feb
44 Va
Feb
50 %
May
Dec
»104
Mar
93
4
7% Feb
'
>23% May
5% Sep
87% Feb
10
15 % Jan
26.
22
10 Vb Mar
-
50
18
20% Feb
Feb
M-ar
convertible
24% Jan
19
9
7
Jan
19
5
8% Jan
19
♦
.
.
24%; Jan 19
Richfield
Nov
Oct
17 Vb Mar 10
21-: Jan
2
68%
Oct
54 Va Jan
22
Royal Typewriter
64% Jan
2
Ruberoid
14 Vb Mar
3
<18% Jan
/Jun
•
66
9
Dec
40%
■"
v
Jan
2
58
Jan
Oct
8
Feb
13
79
Feb
18
18
Feb
108
12
55%
Jan
29
13
Jan
5
8% Feb
10
25 % Mar
5
11%. Feb
2
6
46
Jan2
10% Jan> 8
38% Mar l
99% Jan
8
77% Mar 10
10% Jan
7
Jan" 9
21% Jan ; 2
82
112%
Jan'15
9% Jan
30
31 Vb JanA
2
39% Mar 10
44% Jan
5
90% Feb
27
95
102% July
18% Jan
Jan
9
88% Feb
13
13
91% Jan
14% Jan
13
13% Feb
81% Feb
49 Vb
Dec
13%
Nov
83%
67
•
Jan'
98% Mar
Dec
90
Dec
18•
103% Sep
Dec
92
11
114% Mar
,
Dec
7% May
23% May
11
32% Feb
98% July
26% July
Jum
108
24
8% Feb
Dec
60Va. Dec
-
Dec
x20
39% Feb
Jan
37%
68 Vb
Dec
v80
Jan
8.
12 %'•
Dec
157
r
55%
:
May
Dec
r
;
Jan
20
6
«;
St
St
Louis
5%
non-cum
preferred
5%
common
preferred'
15% Feb
10
Mar
43%
Dec
17% Jan
6
35% Feb
11
10%
Feb
44% Jan
12
5% Feb
11
Seaboard Oil Co of
7
Feb
21
31% Feb
5
38
Jan
11% Jan
6
12% Jan
Dec
16%
Feb
6
10% May
16Tb
Feb
10
Mar 10.
Mar 10
8
4
Jan
Jan
12% Jan
•
2
16
2
13
Jan
94
Feb
26
Apr
104
30%
Jan
Dec
31
26% Feb
11
24% May
29
40%
Jan
Oct
5
30
11
35 Vb Jan
10
For
footnotes
see
page 28.
;•
Feb
3%
10
5%
Servel Inc common
4,200
700
18
500
20%
98
:
i
103/4 1
10%
49
90%
i.
21%
r
17
;■<
*22
17 U
.
*5%
7%
11%
*23
11
xll%
104
12
100
11 vb
1,300
104
140
12
,
400
300
*lls/a
/':
11%
'11%
12
22%
23
"22%
22%
103/4
*62
11%
23Vb
*10 %
10%
*
10%
10%
63
*60%.
62%
63
11%
>
12
63
11%;
-
*96Vb
24
HIGH
97%
X22%
/
223/b-
SALE
*96%
33/a
9%
9%
*9%
x24
9%
93/4
9%
93/4
233/4
23%
23%
24%
23%
*103%
104%
*103%
104%
5%
20%
20%
96
20/:
/ 97%
8%
38
16%
16%
16%
87
87
6
86%
86%
5%
5%
20%
20%
953/4
97%
5%
20
97%
8 Vb
:
8%
'f:
38
48%
*47%
*89%: 90%
21%
21%
*893/4
90%
20%
20 3/8
16%
16%
38
.
"22
23 Vb
5 S/8
I6V3
55/8
7%
5%
7,
23,600
'
20%
*95%
16%
97
8%
8%
8'/a
57%
38%
3,800
88
40
5%
24,300
203/4
95%
■;* 20%
'95%
38'/a
2,900
14,700
-"./•' 10O
•
1043/4
5%.„
21
12,300
24
"16 '/a
*87
5%
4%
97/8
*102%
87%
5%
-
9%
1,200
110
'
8Va
83/s
37%
900
38
473/4-
47%
89%
90
90%
>90
20%
21Va
> 20%
20%
"20%:
16%
16%
16%
16%
'163/4
*21%
'233/4
5%
53/4
5,700
..
903/4
20%
16 3/8
,
r-
22%:
5%
Shares
9Vb
>23%,
,
16%'
*86
47%
47%
*90
'
16%
X7%
49,:
"
3%
v
24%
103 Va
17
Sale* for
the Week
9
3%
103%
16%
87
.
Friday
$ per share
9%
3%
24 V2
5%
2,200
■
104%
..
23%
Mar. 12
# per share
9Va
3%
.
97
•23 Ve
Mar. 11
,
8%
•
7%
10
7,600
■
Thursday/
t per share
3%
: 9%
*96Ve
23%
200
113/b
PRICES
Mar. 10
.;
11%
97
23
Wednesday
'/
$ per share
11%
200
■i
6%
*22
*47
"
23
*5%
:
48%
23
5%
2,200
7
300
5%
7vb
*
7%
1,200
23
*5%
•
30
300
'
•
2,300
21
153/a
:
15%
19%
15%
203/8
15%
20
15%
15%
153/4
18%
18 VB
15%
15%
*18%
19
*155/8
16
17%
18
17%
1,000
*57%
17%
17%
17%
59%
X58
58
57
57
17vb
17%
*143/8
57%
14%
*56%
14%
57%
2,000
)
57%
143/4
14%
42 :'
*19%
:
..,.,14%
42
9%
37%
92
743/4
74%
Z 75
8%
8%
8
9s/a
♦80
81
8%
8%
/.
,
253/4
81
18
V
♦44
/;
9.;./
6
85'
*82%
36%
x80 Vb
„
•
8%
8%
•
18 Va'
111%
v
T
8%
,"9
39%!
91
92%
91Vb
*90%
14 Va'
13%
84%
"14%
15
44%
44 y8
*43
45%
163/4
16
40
38
6 ••-/'
14%
*83
14%
*44
14%
*5%
f
>5%
5%
'
34%
34 Vs
34%
33%
34 Vb
333/4
34%
11%
xll%
11%
11%
11%
11%
11%
6%
6%
63,8
6 Va
10%
10%
10%
10 Vb
273/4
31%
31%
6%
10 Va
*93
6
6
6
10 Va
;
*
34
*11%
10
10%
10
95%
*93
95%
34%
'
300
':
•
2,800
13,400
600
>'
3,100
85
15%
~50
14 vb
83 vb
>
2,200
46%
400
1,000
40
3,400
5%
400
34 v8
19,900
11%
'
16%
39%
5%
33%
.
11%
11%
1,300
6
6'/a
10%
10
10%
95%
*93
95%
6
*93
340
16 v8
'
*6%
17,600
5,100
41
14 Vb
*45%
16
39 %
11%
•
46
16
6
8%
90
140
25%
15 vb
39%
;
•'
93
*
16%
*53/4
:
91%.
;
38%' !,
6
87/«
14%
16%
>'
18%
*91 vb
383/4
6,400
81
*903/4
7
14,000
1107/s
*39vb
>
15%
45%
9%
253/4
92%
7,000
\
73%
18 vb
*
•
16
34%
94
<
15%
92
;
110%
84%"
14 v8
45%
<
41
*83
9%
9%
39%
3/4
5
X94
•/
15%
-
38 »/b
81
9 vb
91
43%
»■
92
26%
*39%
*
84%
par
96%
28%,
''
600
*71
183/a
*91%
91
<'
92%!
—II
*94
?%
26
300
143/4
375/a
81
-
57%
9vb
'
111%'
600
'
43
*
9%
18%
2,800
.
143/4
92
*110%
Y-"
*56
<
•71%
9%
26%
20
42
81
26 >
-
9%
*89
18%
26 Va
*90%
203/8
38%
x71
81
40 Vb
*91 Vb
"
/
i
111% .!
39%
39%
*91
7%
9%
V
25%
<
_
373/4
81%
111%
..
41%
.
9%
9%
18 Va
i
.
38
77%
*82
6
413/4
36%
9Va
14%
39%
>
77%
85
*16%
9%
,'
9 Va
143/4
16%
6
9%
91 3/b
18
14
39%
'
.v
90%
14
41
41%"
111%
92 V2
90%
14%
90 Va
*805/a
40%
*91 V4
,
14%
J..
78
f
27 Va
90%
*20
91
83/4
18%
.,
7
*76 V
111%
9
19%
*87
81"
....
*111%
26%
46
16%
9Va
35%
76%
83/4
40%
15%
♦39
<
...
91
S/8
41 Va
93/4 r :
92
15%
psr
91
*143/8
42%
38
14'%
"
:
14%
*82
:•:•
14%
26%
*91
*90
9
;
41
*40
.
.;
363/4
92
20%
41%
37%
18'/a
par
10%
104
*15%
:
111%
II—No
32%
*20
f
.
183/g
1
38
*30%
7 >8
*19%"
*111%
_
*36
32%
10%
11%
'
*10%
8%
*22 V4
Z
;.
3%
;U, 16%
5%
>7%
:/
8%
48%.
23
;
•!
_5
No"par
*17%
38
"
X104
11%
'283/b
18
*36
*31
104
11%
28%
17%
363/4
323/4
*102 Vb
97%
Mar. 0,
96
Y
___ioo
;
28%
173/B
363/4
4
*85%
*48%
5
Co_~~II_I~_No
25 Va
32 vb
8%
x9%
/
*21%
—__100
1
24%
*31%
3%
/:/•.. 16%
*90
Co__ 100
•
600
25%
31%
8%
*102%
16%
5
Shamrock Oil A Gas
Sharon Steel Corp
L
86%
*95
".
'
.25%
20 Va
;•
';
•V
105
5%
,^No par
Seeger Refrigerator Co
flv$4.50 Preferred
8%
86%
;
_i
Del—IIno
283/4
25
31%
12 Va
Mar. 8
t per share
16%'
-100
100
29%
Tuesday
38%
par
Seiberling Rubber Co_
Monday
■
,8%
preferred series A
Seaboard Finance Co
100
31%
17%
63
12
*96%
23%
8%
5%
Sears Roebuck A
:
25
38%
Seagrave Corp
110
*62
•
t
g
200
30,600
94
25 Va
*31
24
/
,
93vb
24%
*10%'' 10%
8%
:
$3.40 cum preferred
.—No par
Scovlll Mfg Co 3.65%/cum pfd_"_100
Scranton Elec Co (The) common
5
3.35% cumulative preferred_i__100
Seaboard Air Line com v t c—No
5 % May
Dec
24 Vb
Mar. 6
25%
*104
Savage Arms Corp__5
Schenley Distillers Corp.—1.75
Scott Paper Co common
__No par
2
20%
'23
10%
38%
u
—:
5
Feb
.
A——^100
Safeway Stores
85% Feb
18 % Jan
101
24
*8%
8t Regis Paper Co common
1st pfd 4.40% series
50
Oct
12
38 Va
1
Southwestern Ry.
11
6%
63
33/4
9%
_io
19
11
*62
8%
10
__a
93%
8%
*28 Va
12
*11%
1
Joseph Lead
13% Feb
40% July
16 v8 Feb
*10%
Saturday
•
St L-San F Ry Co conj v t c__No
par
Preferred series A 5 % vtc_—100
44
30% May
*23
10%
$ per share
"t
Feb
23
24
63
•
__10
1
*82%
66
8%
V.
'
x31%
104
12
12
24%
preferred—_100
(The)—
Ruppert (Jacob)
Feb
24%
•
12
*11%
*24 Vb
par
—
Nov
Dec
12
11%
*96%/ 97%
_2.50
Co
55
17%
12%
*10%'
*102 Vb
97 %
No par
com
Ronson Art Metal Wks Inc
19%
11 Vb May
39% May
10%
104
*102Va
*95%
Corp
,_No par
Rltter Company
•
No par
Roan Antelope
Copper Mines
Robertshaw-Fulton Controls Co—1
>f; 4% %
conv
preferred———-25
24%
5V» May
/
12% / 12%
OH
20%
18
104
'12%
*.://.' ;
■
1
14
15% Mar
>
Preferred 3.60%
series
Rheem Manufacturing Co
23% Jan
18% Jan
Sep
•
323,4
10%
10%
123/b
iq
<19%
40
38
*31
;;
Reynolds Spring
;
Reynolds (R J) Tob class B
••42% May
Feb
*36
32%
,/
»"
/
Dec
26 Vb
38
*31
f.
LOW AND
EXCHANGE
y'pV'.
">
Dec
*36%
10%
10%
STOCK
Common
93% Jan
•
9
5% Mar.
.
6% Feb
17%
38
3 2 3/4
*62
conv
5 Va %
Jan
19% Feb
18
17%
1
,
Rexall Drug Inc
Reynolds Metals Co
>
-
10 Va Jan
Feb
"
V
41% Jan
Dec
31
*17%
•
prior pfd series A—100
Revere Copper A Brass com—No
par
5%% preferred
100
104% Jan
37'/a Mar 11
47% Mar 10
Feb
18%
Apr
Jan
17%
*23
5
$1 convertible preferred—
Republic 8teel Corp com
—No
6%
Jan
11
25%
.
,■
24Va Jan
124
*17
11%
v
7% Jan
Jan
*
9
9
Jan
11%
•'
17%
*12
V.;1'-'
7 - Par
^Republic Aviation Corp
;
1
Republic Pictures common—
_50e
Jan
39
Dec
Jun
'<•
19 Vb Jan
*
k
v./.;/.;.'!<'/
9% Mar 11
Feb
113% May
.
32%
25
NEW YORK
$ per share
10
Feb
,
Dec
6%
6% Feb
8%
;
May
19 Vb
Jan
15%
22% May
101% Dec
,
I per share
9%
Dec
14
.'Lowest
t per share
Dec
9%
Range since Jan. 1
Highest
4% May
25
STOCKS
Year 1947
* per share
24%
32%
93%
8'%
*65%
8%
'
28%
24%
32%
*92%
8%
66
.
'
50c
Re# Motors Inc
Range for Previous
Lowest
28%
24%
*32 Va
8
;
93%
32%
*102 Va
100
$4.50 preferred
7
J
par
Remington-Rand cOmmorn
-
x8%
*313/4
10
i
*65%
8%
*36%
50c
■
*92%
29%
8 Vb
65%
I; ''
24%
Co—
A
*28s/a
83/B
65%
8
*10%
100
_
29
93%
'
5
$1.25 div prior preference
Reliable Stores Corp
_No
5
Dec
Dec
12%
preferred
*92
8 Va
/
66
7%
*17%
-•
_5o
preferred
common
93%
8%
*65
8%
1
*24
_50
2nd
Reeves Bros Inc
7
10%
96
1st preferred—
Hosiery
8%
66
8
*32'/a
50
non-cum
8%
*65
8%
Y
29-
•
1
non-cum
7%
2
*92
25
common
67
8%
No par
8%
•
83/4
*65
100
47*
25
62
pfd!
4%
Real Silk
4
8%
•
1
preferred
Rels. (Robt)
14%
29 %
20% May-
•
$2
10
Nov
37
par
preferred—No par
Raybestos ManhattanRayonler Inc common
30% Jam" 5
28
16% Feb
1st
conv
Ralston Purina Co 3%%
9
22% July
48% July
Corp of America com__No
$3.50
Radio-Keith-Orpheum
28
20:
Jan
Radio
8% Mar 12
1,600
"
5,300
10
27%
28
27
27 Vb
27
27 Va
27%
27%
27%
27%
313/s
31%
31 Va
4,400
31VB
31%
31%
31%
31%
31%
32
1,500
25
26
RECORD
NIW YORK STOCK
''
Range for
Previous
Highest
$ per share
I per
share
18
70
Dec
'14 %
'21%
Dec
11%
Dec
8
13% Feb
22
Dec
Jan
8
Sheaffer
8
Shell
13
9
11
Jan
27% Feb
7% Jan
51
Feb
35% Mar
18%
Dec
15
Feb
117%
Dec
92% Feb
May
Mar
15
May
-
6%
6%
28%
37%
Jan
8
Simonds Saw & SteeL
18% Jan
11
14
l6%
5%
—1
5
Sinclair-Oil Corp
Co
*___15
10
115
Jan
2
Skelly Oil
Oct
23
18
Feb
11
21
Jan
2
Sloss-Sheffield Steel & Iron
Feb
10
58
-Jan
2
Smith
Co
(A O)
—20
i-._s.l0
Sons Carpet Co com__20
Corp_—_
May
62%
Oct
48
29 % May
39%
Oct
31% Mar 11
35% Jan
12
Jan 43
88% Feb
27
5
24% Jan
8
Smith & Corona
2
Socony Vacuum Oil Co Inc
15
South Amer Gold & Platinum—__1
38
87%
Dec
102%
23 %
Dec
35%
Jun
Jan
87
13% Mar
17%
Dec
14% Feb
3% May
5%
Feb
11
17% Jan
3% Jan
24
4% Jan
2
4
6% Jan
16
Feb
17
Jan
9
45
5%
Nov
54%
Apr
147/8 May
22%
Jan
12 Va Mar 11
16% Jan
8
Jan
37% Mar, 11
42% Jan
15
42%
Dec
38
Mar
9
42% Jan
15
27
Dec
Jan
26
Mar
8
29%tfan
9
■> 22
July
28%
Feb
20% Feb
27
50% Dec
43% Feb
11
•
34%
Apr
28
50%
57% May
•
Jan
Feb
58 % Feb
"81
Aug
Nov
15
May
20%
Feb
15
4% May
7%
Feb
4
May
14%
93%
23 7/8
Sep
31% July
*
24%
17%
Feb
Dec
"90%
:
Oct
May
Feb
16% May
13% May
18%
Feb
27
Nov
45 %
Jan
99
Nov
112%
23%
Feb
37%
Dec
83
18
Dec
Jan
102
Aug
v'367/8 Jan
17% May
Feb
8
1
5
18% Jan
2
13
29%- Jan
2
Jan
29
104
9
9
Jan
19% Feb 27
Feb 11
25% Jan
31
98% Feb
2
109% Feb
2
62% Jan
2
May
114%
Feb
May
125
Feb
97% Feb 27
63
54% Jan
27
36% Feb
13
.Jan
69 % Feb
11
78% Jan
24% Feb
27
31% Jan
17
96
Jan
11% Feb
Feb
10
11
41% Jan -13
Feb
16
41
Feb
Jun
49
Feb
38
37
May
47
''Oct
37
12
May
18
Jan
11% Mar
•34
Dec
49
Jan
32% Mar 12
88
Feb 10
,
v
88
30 Yt
104% Mar
Dec
Nov
2
Jan
13% Jan
6
j
5
Jan
2
39
=
Mar 11
92
32% Jan
9
Mar
•
9
367/a
Oct
27
13% May
19%
Feb
12Vb Feb
11
14% Jan
2
14% May
24% "Oct
13% Feb
27
18
Jan
2
3
20
Jan
8
49%
-
21%
Jan
17
Feb
25%
Jun
Feb
10% May
16
May
105
July
51
16% Mar
9
21% Jan
5.
Mar
4
11% Jan
7
97
Feb
9
58
4lan
Feb
9
Apr
97
May
114
6
15%
Dec
'
75% Mar
125
Oct
12% Sep
7%* Jan
45 %
32% May
Jan
13% Mar
'8% May
>
'24%
Oct
160
17% May
Dec
.''14% Jan 16
11% Jan
109 %
10% May
v
Mar
17
Feb-9
51% Feb
26
38% Jan
8
"Jan
*8
21% Feb
3
1
160 ■> Jan
13
Mar
11
101%
Jan
13
May
24% Feb
14
Feb
11
18% Jan
36
May
47
Mar
38
Mar 12
43% Jan
Jan
-'21%
Oct
Jun
37%
Jan
20%
'27%
Jan
18%
Dec
v28%
Feb
79"%
4
Dec
Dec
13
36% Jan
22
Jan
Feb
15
16% Feb
27
404 % Mar
Feb
4% Mar 12
21
17% Feb 27
'84
Jan
8
•
10%
"5% May
19
16% Jan
x30% Feb -25
?.9
.
preferred
Gould
$4
6% Jan ■* 8
Highest
Lowest
4 per share
7%
"3% May
Jan
3% Feb
6
11
4% Jan
12
Telautograph
Jan
*8
Tennessee
20% "Aug
15% Feb, 11
■53% 'Sep
68% July
52% Feb
10%
15%
>41
;
47% iDec
37% Feb
10
46% Jan
45% Feb
19%
Dec
12
Texas
2:
May
Dec
37% Jan
Mar 11
11
10 S
16% Jan
5 <
"9
21
18% Mar 11
Jan
10%-Mar 12 >
14% Jan
39%-Feb
25
46%'Jan
'9
47% Feb
12% Jan
■
13% Jan
15:
The Fair
x8%Mar 11
10,% Jan
;8
Thermoid
Feb
42% Feb
47% Jan
9
Feb
7% Feb
19
9%-Jan
24% 'Oct
19% Feb
11
23% Jan
2
10% Jan
18
21 /
16% 'Feb
38
59% 'Jan
May
.
Mar
406
-7%
39% Feb
11
48 % Jan
'8
92
-
20
25% < Oct
19 Vb Feb
v94f
Dec
108% "Feb
f
100
2*
$3.75
Mar 12
9
19% Jan
17:
Tlmken
53% Jan
9
Timken
Roller
27
13% Jan
Jan
,
.
Jan
20% Nov
7% 'Feb
.112% Feb
45%
Nov
■
38% Jan
,
'Jan
48
34%'Aug
104
Jun
16
10% Feb
17
;
22% Mar 11
92
Feb
Jan
Mar
-9y8 May
17% ".Oct
10
Feb 27
Dec
15% July
10
Feb
22.
5.1
94
27
2
14% Jan
22% Jan
jJan>12
7% Jan
•»
-6
32%-J£tn
21
14% Jan.
5
.
'20%
,18%
' 46
*10%
2 "
Western
21
Air Inc—5
cohvr.preferrad—_jlNopar
1
5
Corp .-common:
73%
45%
"•
.'■
.;••:,
•V;
-
.
.-No'par
TransitJcdm__Notpar
-«J50
;
Twin Coach Co
46% Feb
Jan
2
1
.-
,
,
10
Underwood
15% .Jan
10
25% May
37% <Oct
27% Feb 11
89%
105
Jan
110% July
Dec
115
»
Mar
Dec
91%
106%
104
'Jun
.27
Dec
Sep
Feb
27
63% Jan -22
106
91
86
-Jan
Feb
-Jan
2
9
6
85
Dec
20
Apr
120
Apr
164%
Dec
152
Jan
19
Nov
111
Feb
x97
Mar
.4
97%
30
May
For
38%
footnotes
see
Feb
2i% Feb 11
31% Jan 26
page 28.
>'
Udyllte Corp f (The)__
9
'9% May
11% Jan
9
34% Jant ' 9
102
Jan
109
Jan,23
91
Feb
2
9
Union
Paper__A__
JNo par
Carbide & Carbon
Preferred
Preferred
$3.70
$3.50
$4.50-ser__No par
series____INo par
series
24
2
Union Oil
Jan
2
Union Pacific RR Co common—400
101% Jan
2
90
35-
Jan
15
4%
of California-,-:
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Union Tank
preferred
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-
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8
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,
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90
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92
27
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,
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a
Mar. 11
share
;
31V2
18%
Thursday
53'/a, 53%
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800
"
•
.
19
Mar.. 10
=
400
38
-
32
48%
Wednesday
Mar. 9
1,600
15%
.
<16%
HIGH SALE PRICES
AND
Tuesday
>
5.200
•
21
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4
5
5
5
: .:•;
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1,000
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10
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V
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21
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146
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146
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2,300
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800
3,300
10,800
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2,800
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17
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400
2,200
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3,700.
14 Va
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115V2
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45
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32%
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33
12%
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49
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11% -11%
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100
1,300
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27%
12%
52
100
37
91V2
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19
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37
41
17 %
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42 Va
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27
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18
15%
•
25 Va
91%
27%
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13
14%
9,100
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33%
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41
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.
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1
13,000
71%
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25%
6,500
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r
100-7
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41
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100
37 -V
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7
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4,000
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100
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85
90 V*
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■
26 >
25%
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98%
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.
91
•
100
;Mar/8
10 Va
4'/2
15 V2
54%
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237/a
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8 Va
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8,300
7
8
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19,400
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8
*62%
63
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101%
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Nopar
Jan
26% Jan
165
24%
>;•
'
23%
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■/
t_Napar
Un El Co of Mo pfd
40%
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Corp
_^_____No.^)ar
Union 'Asbestos '■& Rubber-Co
—5
Union -Bag>&
24%
.
'
12
51% Jan
;58% Feb
24 VB '
>.
24
:
!
95 «
25%
'■'.>- •..' * '■•'■ y-.-'ii—
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25%
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91
400
6
73 %
V
800
1,5U0
4 Vb
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25
98%
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4
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6
> *71
16%
:
98%
23%
45 Va
4%
•
'
25%
98%
98%
-
800
■>
:
15 Va
73%
63
•
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96'a
4,500
•: 71
s
25
26,:
f63%
•
26%
;••• *70
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23V1r
■"
-16% V"-
16%
12,400
59-%
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47%
37
'73%
23%
8
8V2
1,300
47 Va
15
4
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25% ■ r
.
-21V4
"36%
73
■
6
25
-23%
100
3,500
26
•
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59
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4 1/b
4Vb
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,,"73%
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>
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r
•
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15
v
6
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26
'21'.
'
"4 VB
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-
:
'15%
•4
•
r
ipriorJpTeferred—
ft1 convipridr preferred
11
43 % May
37%
*70 :.i
y.
u
12
48 Va
36%
*71% V 73%.-
Monday
-
"16
5% 1 5%
**97Va 98%
12%
12%
.'2121%
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100
f<«%' '6V2
'27
27
■
10 7/a "10 7/a
:
$4.50
47%
> '
"
'58%
5
'*15%
Steel—iNopar
/
?Twin City R4p
21 »/b
59% t
64 V4
;18%
. ; *83%
^99% '99%'
-
.1
$V.50
-
26%
21
100
,
4 400
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38 Viz
26 Va
20%
37
•17%
38%
*14%
32
18
"*10
10%
"'45 ; ^45 V2
-i'^87% .'88%
t3Va
3%
21% '21V2.
$6Jpreferred:
—-JiNOpar
Truax-Traer"C!0rp
Nopar
20th century Fox Film'-com—No'par
36% Jam >5
16
&
Tri-Continehtal
1041/2jan'27:
■5 Va Mar "4
26
51% Feb
8
€%■ Jan " " 2
12%-Feb ll lO
Jan 23 :
33
Transcont'l
Transue &'WQliams
,
5
tTransamerica Corp
'7
**44
?-8%
'*19%
Nopar
Bearing
17% Jan
2
11
97% "Mar 2
Feb
Dec
Jan
15%-Jap '22
5% Feb
•
-
Icij-riNoTpar
Axle^—
Detroit
9
**12%
'*8%
,
—1
(The)—
^preferred
17% Mar
22%
13% May
Dec
95% Jan
44% Mar
15%
V 5Y* May
,"99
Dec
Nov
2
'53% 'Oct
10 % May
7
5
jJan
24
13
"
40 % May
30
A3
-21% Feb
"15% May
*
P93
20
27% Jan
Mar 12
39 % Feb
May
I 12% Dec
>21% Dec
jJan
4% Jan
1% Mar 111
*37%
26 %
20%
47%
23%
*15%
**-11% -41%'
(J :R)__—„..^4——:tl5
Thompson ;>Products com—4-4.N0 par
4% ipreferred—^
—-JTlOO
Thompson-Stairett Co com—Nopar
$3.50<cum^preferred
-No-par
Tide Water Associated Oil com_^4lo
*9
Feb
85
Feb
38%
26
•-
59 V4
25%
9%
21
146
'
**39%
•
Thompson
'
18
May
'
'
Dec
3% May
,'20 • May
,
,"14
3
10 Vs Mar
preferred—
Thomas Steel Co
■
*37 Va
26 V4
36
35.%
32i/a
49%
11%
V A*18%
1
—50
common-^.
conv
Third Avenue Transit-COrp—No par
'9
■
Sep
Co
div
$2%
38
-
45
•
4—_—_-NO par
29
Feb
147a
;
6% Aug
; 16% Jan
,•85
common.—-50c
$1.25 conv preferred
-LNo^paf
^Thatcher Glass Mfg Cooommdn—5
$2:40 conv preference—_^.No par
13%
'
Dec
12%
37%
47
•6
•..*114%
10V2
-32Va
49%
■11%
~
.100
Co—
Ry
12 Va
37%
60
73%
12%
16%
9%
r /93
-4:\ 52
20 Va
55
45%
,
i
Irio
60%
9% May
10
Pacific
Textron
-8
59% Feb
-
.
Texas 'Sc
15:
21% Feb
-
Texas
sub
12
50% Jan
Feb -10
29
Feb
Dec
54%
719%
*54
Gulf "Sulphur—-.:
Dec
Dec
45
Gulf "Producing
Texas
58%
18%
•
Texas
34%
12%
1
No par
Pacific Coal & Oil—_10
Pacific Land Trust— !■
share
ctfs
—1
-2
Jan
41
Corp
17
Jan
15% 'Dec
,,—5
5
25
Corp—
/Jan
'
13% Dec
,
'*9%
**4Va
'15 Va
9
56% Jan
47
23
17% Feb 27
Nov
13 Va
38%
36
33%
if 'per share
'
;
-
13
Dec
58%
Jan
f.' ';y V;/y..
(The)
'Texas Co
60% Jan, '5
14
•
Feb
24
Jan
46% May
21%
18
•
•Talcott Inc 4James)
10% Jan
13% May
::
Par
9
9% Mar
12 Va
39
*71%
800
:
43 '
='40
40%
47%
V
2,700
37%
13%
*38%
'
'Saturday
' '• Mar. 6
,
*
-"
4 per share
40%
26,300
6'/a
6 '/ £
6
40%
*59%
*90
27%
13
14 Va
*17y2
6Va
;
4
C,
6 '/a
40'A
13 %
13%
LOW
EXCHANGE
-
.
t
Feb
14
"May
10
y
'3%
*3%
4%
6 Va
20%
STOCKS
highest
4 per share
1
NEW YORK STOCK
Range since Jan. 1
Year 1947
*4 per share
Nopar
g
Corp
Symington
v
3%
4
10
600
"•
*39%
39%
4 Vb
*92.-
.
15 %
47
16-,
72
25 V*
-36V4
lOVa
15 Va
35%
73%
ST'A
39V4
*38%
*36%
11V2
15%
15%
20%
59
■
11%
20%
36%
20%
; 20%
89 " -
v
20V2 ;
38
85 >
101
21
31%
48 Yt
*84
,
*20%
13%
23y4 ' 23%
23Va
?84y2
*20% '21V2
l*144
147
16y4 'I6V4
'*38y2 39%
**'1;4% *16'/a
--31% -32%
18% 18%
;**18Va I8V2
'*84
-84%
Sjtvania Elcc Prod Inc com—No par
J5
Range forPrevious
Lowest
,*35%
10Va
-12.50
Swift International Ltd
8
"Jan
26%
99
'*114% 115%
10%
10%
_^100
>—1
cum)
"
87% Jan 12
,
(4%%
pfd
jIOc
Superheater Co (The)
Nopar
Superior Oil of California—:
._-_25
Superior Steel Corp—
_5o
Sutherland Paper Co_
10
Sweets Co of America (The)—4.16%
Swift & Co
^—25
6
14%
"
*88 %
6
"26
500
90
90
4
'■
> '• >
31%
31%
39%
-
900
54
54
*88%
15%
26 %
-700
18%
48
54%
90
22
39
'48,900
2,400
31%
15%
:
100
"
112
*31
21
6
>
17%
17%
*88%
3%
9,100
-
>* 2,000
;
35%
'
15%
*39%
28%
110
18%
.
'
•
5Va
'
*31 Va
21%
Vb
5 Va
28 %
*34
110-
*53%
'21%
13"%
257/a
23%
8%
83%
16%
26V2
98%
'
Sunshine Mining Co
9
30%
17
*18
55
*53%
•
•15%
39%
*70
73%
18 %
90
40%
*4
*-5%
.
Class A
Sunray Oil Corp
Sunshine Biscuits Inc
10
11% Jan
11
18% Feb
140
2
117% Jan. >6
31 ;
9y8Feb 11
34% "Mar -2
9%-Mar 1
113% Jan
16%
'4Vs
6
21
21%
i«8% ^9
$7'prior "preferred-^iL^^-No par
101
101 Va
Standard Gil of California-^No par
• 57%
'57V2
Standard Oil of India,na—'^j—25
38%
38%
Standard Oil of New Jerseyl_l—25
r
73
73%
Standard Oil of Ohio; common_^_10
26
v 26'/a
3%% preferred series A
s—il00" : **92
95
gtandard Steel Spring common—--1
12
-12 Va
4% convertible preferred
50
*38V2 41
Starrett Co (The) L S——No par
/ s*36y8
37
Sterchi Bros "Stores lnc_a^-.__i—.j_l
■ -11V2
11 Vst
Sterling Drug Inc common
5
. 34
34
3 y2%
preferred
^-100
90
90
Stevens (J P) & Co Inc__
-15
*27% 27%
Stewart-Warner Corp
5
13 V'a
13 Va
Stokley-Van Camp Inc common—1
14 y8
14%
5% prior preferred
20
17% 17% *
Stone & Webster—
Nopar
12V2
12%
Studebaker Corp (The)
—1
17
17Va
Sun Chemical Corp common..,
1
9'%
9%
$4.50 series A preferred
No par
'*92 /
98
Sun Oil Co common
Nopar
*52
52%
2
-17%
10% May
"41 %
73%
preferred——.i^ii^No par
$6 prior
22
15 Va Jan
91
^83
"—-No par
(preferred
Standard G & E Co $4-pref„No par
12
Feb
Jan
105
43
■
,
33
*88%
18%
55
'32%
108%
108%
18%
2,500
17%
17%
17%"'
17
10,500
5%
28%
105%
•
30 Va
5%
35 V2
*34
700
•
29%
5%
5%
35%
100
900
y
12%
*12
'
;
13%
13%
6
28 V4
28%
*34
16%
.18%
5%'
,
28'/a
•
>
106%
*53
6
26
20%
47%
36%
J 58%
*71%
16 '
21
V
35%'
T6s/a
106%
4
*38
26%
5%
5%
28%
*34
.
>
2
317/8 Aug
Jan
Dec
:$4.50::preferre'd_ /—.»_Nopai> :
Square D Co
—
._5 - ••**16%
Squibb (E R)-& Sons common
1 7 **25%
$4 preferred
No par
• **98%
Standard Brands Inc com—No par
;
'23 >
$3.50 cum
2
July
•'80
Mar
23%
94
-July
>44 % July
37% May
:—2
.
39
48 •
36%
-59%
5%
15%
13%
39%
26
23
23%
<8%
8%
**63% A54%
CQnv
:
12
87
11
Feb
:
-
28% Jan
2
22% Mar
89
50% Mar
■
•
*15%
:"4V'b
*6
**71
*25%
-
common—i—1
Spiegel Inc common.^
<8
Jan
98% Mar
82
,
preferred—_7———-No par
Spencer Kellogg & Sons————1
Sperry Corp (The)—
—1
:
16
15% Feb
25% Feb
preferred——.—100
non-cum
$5.50
24% Mar 12
70
9
26%
*20%
'47%
36%
"'■*59
"*71%
.Nomr
common_7No par
Railway
Spear & Co
Jan
10% Jan
27'
62% Mar
81
>' 63
.
29% Jan
86
,
Jan
73
13%
39
ctfs_i_100
Spalding (A G)
Bros Inc—
1
Sparks vWithington__7___—_No par
7% Jan
Feb
Jan
13%
39
30%
5%
6 Va
*6
.
21%
*39%
Mobile & Ohio stock'tr
4% Jan
26
27
7
24% Feb 20
20% Feb 20
6
Jan
8
sJan
'
Mar 10 *'•
'
Feb
71
Jan
Dec
68 %
73.
5%
Jan
•
6
73
,
64
20
70% Feb 27
68
Natural
41% Jan
15%
40 %
'*38
30
33.%:
*20%
*39%
;.
30%
:
•
88^8
3%
6'/s
25
:
—
Southern
Southern
22V2
4Va
6 Va
Southern Pacific Co
•■Jan
51
89%
15'%
Edison——25
Gas Co
7:50
30%
6
.
53%
53%
,' *33
88%
15%
com_-No par
preferred
12%
28%
107% 108%
19
4%
*"*5%
California
24% Jan
>
11
33% Feb
77
May
8%
Southern
*12"
:
16%
5
Lines
12 V4
%
35%
xl9
32%
12 V4
>31%
12 Va
6
Va
6
16%
>
76
13%
*72
76
.1,100
21-"
*71
13%
30%
28%
50
preferred
South Porto Rico Sugar
56
-34 %
40%
*21
com__7.50 1
Southeastern Greyhound
Nov
37% May
preferred
.100
Typewriter__No par
South Carolina E & G Co
39
42
**32%
*88 V2
3%% 'cumulative
5% Mar
8% Jan
Oct
5%
19 % Feb
Smith (A) &
>
x20 %
13%
6 Va
Shares
76
13%
*71
the Week
.
21»A
21
21V4
13%
■:-.y',42y.v
12%
,5%
21%
72
13%
.
32
28%
35%
16% 16%
106% 107%
*19
20
54
54
.——Nopar
14
21
72
72
for
k
Mar. 12
share
21
21V*
14
*12%
31%
6Va
12%
28%
'*35
Simmons
44
Apr
32
,_No par
;_No par
Silver King
/
,
.
75
14
$ per
S per $hare
$ per share
$ per share
Mar. 11
Mar. 10
Sales
Friday
Thursday
Wednesday
'
Mar." 9
$ per share
21 "
*70%
21
Coalition Mines__j__—5
5
5
8
27% May
65
Oil
Corp of America
Sheraton
5
Pen Co
(W A)
Union
Jan
34
*21
'*70%
'1'4
12%
32
No par
1
15
G)_____
6 % Mar
14
41
39
(Frank
Shattuck
5% Feb 24
4% Feb
5
Feb
6%
Apr
2
•
,
Feb
9%
6% May
28% Feb
15% Jan
'35% Jan
11
" Mar
12
Feb
35%
24 % May
4
68
Jan
Sharpe & Dohme common
No par
$3.50 conv pref series A___No par
8
73
Feb
82
;
23% Jan
11
Feb 25
Mar. 8
PRICES
SALE
HIGH
Tuesday
Monday
Mar. 6
t per share
Par
$ per share
$ per share
Saturday
'
'
17% Feb
Jan
STOCK
EXCHANGE
Feb
33%
"May
YORK
NEW
AND
LOW
'STOOKS
Range since Jan. 1
Lowest
Highest
Year 1947
Lowest
■
Monday, March 15, 1948
& FINANCIAL CHRONICLE
COMMERCIAL
THE
(1166)
'
■
Volume 167
Number 4681 ".
THE
COMMERCIAL & FINANCIAL
Range for Previous
STOCKS
Year 1947
Lowest
Range since Jan. 1
Lowest
Highest
I per share
$ per
share
$ per
1
NEW
-
Highest
share
<$
i
per
YORK
'
LOW AND
STOCK
Saturday
EXCHANGE
share
..
.
'•'"
V
16% May
102
.75
"
120%
Sep
Apr
Apr
19
«.
107% Feb
6
Jan
6
77% Jan
24% Nov
,
16
v
27% Mar 11
10
105% Jan
Sep
28%
Dec
18%
22% Feb
Dec
110
Dec
86
12
Feb
:
22'
Jan
United Airrraft Corp common
,5%
convertible preferred
3
United
18% Mar, 1
■■■
22♦
12% Mar 12
28%
Jun
Jan
3%
8%
Dec
2%
29
10%
•65 %
Dec
95
14
70
Jan
9
Oct
16% Feb
13
20
Jan
17
37% Jan
21
42% Jan
29
>59%. July
15% May
23%
Dec
42% May
107%
33%
■
9%
92;
18% Jan
Jan
preferred—
& Foreign
-72'Jan
21
42% Jan
9
■
S
5% Mar 12
Oct
Oct
73 >
>
17% Mar
V
-
«J-*9
r.
'
49
Jan
•'-'■ 60%
">
33% Jan
90% jan
11
>
126% MarlO
.
'
?cum
-
-is-:-'
41% Jan.
U S Rubber
> J
137%. Jan 33 >
5%
38% May
67
51% July
f
Dec
\
-81;
.
.
Feb
'
f". ;- : 80j,.-. Dec
Kl7%- Noy
23 % Feb
'
150.
«
,,
>" 68
•
Mar ?•'
„
Dec
'38
'
140 Va Jan ;'/ 9V
...
,96%
•£(%
Dec
Dec
Dec
v
.
Jan v,
Feb
-
>• 4
% -Mar >11
(May
.
4% May
20
Dec 1
163% Dec
,,
16
.*
Dec
13
11
Dec
*
.19
Feb
Mar
192
V
150
Feb
/13%vDec v^729% Feb
56%
Feb
'4% Feb
'..-
91%
>
23
jan
Universal Leaf
.-8%
•
24
-14% Feb
12%.
■V.
10
^12% May.d
26% Dec
84
>;
ij 20%
39'%
85•
V/Ji-K
107%
34%
•
.
112T
31
.
V
j
121,
jgbis.
53%
53%
53%
21
21%
21
21
14
1,500
13%
14
13%
14
7,400
17%
17%,
17%
17%
17%
17%
17%
17%
3,500
95 VB
97
96
96
17%
'17 V4
18
,'17%.
97
97%-
98
174%:
50
43
27
129%
>4>T i
-20
3514 Feb -27
37% Jan'30
30V4 Feb-10
-i
32
;
:
: r;v
10".
'30%
39
'*%
75%
;
14% Feb
x30
Feb
.100% Jan,
-19%
25
Dec
d-,
,27
r
,
8% Feb
Dec
41
-Feb
2014Jan
5 Va
Dec
12%
■52%
Nov
*•
25% Feb
Jan
Jan
90
,
Feb
Dec :
112%
"117 Vb Mar
Nov
121%
103%-Dec
"106%
>
Dec
80% Feb
19% Mar
9% May
26%
;.i
Dec1-
65
-
:.90
38%
Oct
31
„
26
;
Nov
55
Jan
Mar
Jan-19
44'.Jan
5:
105% Jan
•
12
8% Jan
14
29
44% Jan 10
,11% Jan. 10
11
,5
Jan 28
72% Jan
11
T
.22% Mar 11
37% Jan
30% Jan
% Feb 11
29 % Feb
8
94
11
.
16
5
Jan
2
34% Feb
7
43% Jan
Jan
5
90% Jan
28
76.
Dec
80
Jan
53 Vb
Oct
38
Feb
.5
101% Mar
84
Feb
26
19% May
9% May
34
23 : Mar
47% Jan
8
92
t
5
Feb
23
Feb
20
27% Jan
Feb
19
Feb
11
23% Jan
Feb
9% Feb 27
12% J,an
90
34
'
Feb
,
Feb
90
see
Rage
9%
7%.:
67
92
19
,
v/>'.
34
*30
4%
4
*
20%
*
155
2,700
4,100
16%
Va
200
4V8
500
20 Vb
19 Va
150 Va
900
154
200
13%
14%
64%
64%
14%
14%
d
23
320
;
23
v.
12%
%
23
12% i
12 3T
23
*86
*88%
92
V,.
■V
"37%
93
18
95
95
17%
17%
#.94
"113%
'
114%
* 18 Vi-
..
X35 Va
32%
32%
32%
33
33,
33
*29
30
Vd
*
29
}. J
32
17%
800
600
10:100
.<
,
*31 Va
'"
*29 '
•>:
29
32
t
■■■!
d 32%"
:
••
200
'-500
■
32%..:..;
*28 % •'29%:.
*29
32
27% Feb
9
28.
Feb
AND
HIGH
Tuesday
800
>;J°
6
:
90
Feb
7
5
,
9
6
26
28% Jan
15
11
12% Feb
25
*62%
Wednesday
>
Thursday
Mar. 10
,
-
Friday
Mar. 11
$ per share
-19%
*62
15
*14%
31
*102
11v4
*19%
9 v*
9«a
11%,
Mar. 1«
$ per share
7/9
ll'a
85
11
11%
27
*25%
Co
,
'
11
com.
_Nopa"r
*25%
(The)
;
_No par
43,800
25%.
26
Va
26%
300
*22%
24%
17%
17%
300
17%
17%
400
*'25%
26%
*
26%
5%
5'a
5'a
5 Vb
18
*25%
Maryland Ry
com ,-^vI00
pfd
-100
-
cofn__ __No par
40%
40%
40%
40%
84
84
83%
20%
20%
20
14%
14%
14%
14%
*
Preferred * series' A__
—w100
-
7%
38%
9
m
v
Western Union Teleg class A_Nq par
Westfnghouse Air. Brake—__n'o par
34-%
Westinghouse, Electric com_'_'___I2 %
*9K'
*28%
29% '
*63
19%
.19%
343/b
18%
V
*17%
18
26%
5%.
26
.26
5 Vb
v
X40
40%
:•
300
20 Va
2,800
14%
14 Va
14%
14 Va
14%
8,200
,*108'a
116
104 y2
108
*106 V*
.
37%
'•
25%
,/
8%
*24
'
103%
19%
8%;
19
/
j,;
3%.
24%
:
*29
9
1,900
Va
8%
2,700
24
22%
24%
1.900
29
29
*64
66
3 Vb
8%
21%
*64%
.8
21%
67
22%
22%
33%
34%
33%
34
271/4
-26%
27i%
27 vb
27%
89%
89%
89%
89
89 %
3.80%;^ cum'pfd -series B—100
89%
96%
,.96 Va
96%
96%
>95 Vb
96%
95%
95%
95%
95%
30%
*28%
30%
*28 Va
291/2
*28%
29%
29%
29%
36
-*34%
36
*34 "
35%
34%
34%
22%
85 Va
85%
..
300
100
34
34
14,200
5,400
27
27%
17,600
89%
210
,96%. .96 VB
500
*89%
30
*28
100
•%
No par
No par
Wheeling & L Erie Ry com
100
Wheeling Steel Corp com_-__<_No par
conv
prior pref—nq par
White Dental Mfg'.(The S S)_ " „20
White Motor C07-■->-■ • ■
■
1
;
nam
1
conv
preference,—___No par
preference
20
Co
i.400
29%
64
20%
(
110
7%
37%
"
34%
J
>24 >'
v.
26%
Oil
1,100
■
;
29%
33%
Prior
200
40%
104
*7% ;
37
37 Va
,
Wilcox
103 Va
,*29
:•
25
64
:
37 Vb
107%
40%
*
7% 7-7%
7%
37%
•i.
$4
*107 Vb
39%
103 " ,103'/a
1
64%
18%
108
X39%
7%
29%"'
*63
80
~
103%"
37%
25%
*28%
180.
104Va
40 *
"39%
37%
'
115%
104
89%
Machine
10
115
104 %
27 Vb
Sewiiig
108
115%
*106%
104%;
107% 1071/4
34%
—!
*106%,
108
115%
*104
lie.,.:
*104
34
—
1,900
84%
20 Vb
88%
preferred!—
:■'; 500
*83%
26%
.
.39%
600
.
20 Va
88%
*29
5
6Q0
84
27
12.50
5
14.40Q
84
88%
WestDn Elec Instrument—
Westvaco Chlorine Prod—7
24%.
39
40
.
120-
20
.
26%
•
:
5 Vb
A______100
series
'
■
3,500
20
84
X14vb
108
,
64%
■64%
18
1,600
v
'
107%
39%
39 Va"
1 IO41/2
:
7%
7% 7
8%
26
*,63
17 vb
24
18
20
*103
7%
"
*17'A
40%
107%
'
;!
38
8%
9
23%
7:
*25
9
4
39%
7%
'.24%
23 Vb
18
84
,
116
*104
29%
*25.
*>28%
106 %
115%
37
/'
40%
116
24%
23%
9
26%
26%
7,
20 Vb
•
*25%
7
*5%
i
84
20%
14%,:.:
9%
24%.
-
231/4
5%
84
7%
>
r.-23,
•
26 Va
84
*37%
>'I"Z>io.-
2,200
10%
18%
18% r\
26
107%
Co—
70
19%
12%
18%
104
19%
83 Vb
*25%
39%
101.'% 102
11%
*17%
*103
9%
x83 Vb
18
40
19%
xiovb
22%
107%
102%:
11
23%
107%
Western- Auto. Supply
19%
•"
12
22%
104
102%
*19%
100
84
*17%
*39 %
600
11%
*22%
107%
31
83%
18
*103
*30%
11%
23
105
v
300
30%
11%
22%
•14%
14%
84
18
40%
.
.^1
64
*14
11 7
.
26%
20%
._JMo par
*62
14%
11:-
!■>
22%
104%
White
1
Shares
84
11%
85
10%
23
*106'A
115 va
$5
•
the Week
$ per share
9%
10%
18
105%
$3.75
4
for
63
:
30%
; 102 Va"
9 7~
23
26
*14
31%-
19%
23
115%
Common
•.
•
v
*22%
*18%
63
14%
=
"
*84%
26%.
115%
RR
*102
>
9
*18%
v
64%
:
*17%
•
4% % pfd
2nd
31
v
20
:
11
11V+
84%
23
5
100
West Va Pulp & Paper com —No par
4Va %>pi,£ferred-._i.__^_!_:,
1Q<*
Westefh -Alr Lines Inc!-—
>
Saks
"
9 V*
11%
*26
V
i
>>
102
19%
*62%
xl4%-
,
'
21
102..
20
86
*'85
64 %
15
31
102%
-
19%
•->
>>-
>105
pfd
' '
'%••>'"/
64%
14%
31
•'
preferrcd-4^i^c^ >1^100
cum
..•-
SALE PRICES
*,:•■■■
$ per share
>•
•■
220
•'
36%
.32%
29
"
f
80
.
18%
*35
:
•
.
>'
114%
18%
32%
*32%.
30 "V
32
■
*114
35%
33
32
1,100
-
95%
17
•
18%,:
32V-i
•
'
:
39
94
93
'
36
,
*37%.
>>■••' 1'A ';•" 7%.'.'■
7%
15
18%
36
7%
92
*90
95'%
1,100
89 4
*88
->
17%
•
•'•'"
37% ?
93
93
>
114 c'. 114'Va
57
37%
*,-89%.
*88
■
-
-
3:000
524
■:j *88%
>
600
300
12%
*23%
89
*7%- >7%
114 % -
Mar. ft-
S per share
preferred!
3Va%
)
400
••
23 >•:■/
23
92 '
*94
'15
%3%;.
*12%
*85
92
'17%
17%-
*29
Monday-,.,
6%
Pacific
i
'
'
15/"
>13% •■'13%
23
*89%
18%. ,18%-.
*29
-
7%
11 on-cum
;
13.300
14%
62
32%
-
-
108
4%
f
-.34
*16
89
•
*88
95%
*35%
i
'I 37
-
.
7%
'J
'32
*29
-
*88 Va
93
-17%.
•
.
*85
38
*114-''
37.>
32 % d.
.30
.,,
03
'
95%
!
-
,
114% 0
107
Western
;
'
4%
"""
V
23 Ve
'22%
.;
>■
;h
•
<
107
Western
}
50
-000 4 ,i
96%
12%
-12% >12%
23
38, '
*89%
•
33' -33
*29 <
15 'a
11%
1
Sugar Corp.__
West Penn PoWer
i
<
9%
>91%
—41/4
62
2 3Vb
89
*881
par
'
12%. Dec
For footnotes
Feb
-
.
Inc
Elec
*
9,200
2,900
4%
4%
'
4%
■'it 15 ■'■•.:•
f 15
*12% ') 13 VB
*5%
„
■
5
Jan
1.7%
July
29'A May
5 % May
5
29%
,
64
4%
"
.
.17 %
32%
-
64%
>s>
*31
9%
>
5
Class A
2
85
May
39 ."v:
•
'*
Saturday
*L4%
■:.
5
preferred--.
Indies
West, Penn
9
32% Jan
conv
West
10
98% Jan
July
Dec
26 %
r$4
15
102 %
May
-
*1029.,. W>2%
Warren Foundry &
13
Dec
62% Mar
-
16%
*19%
62
:
0
*153
.
[12%
'60%
12%
> *85
93
...
*35%
:->'
33
33
*63 %
-
i
•1
!1
-
Wesson Oil & SnoWdr
110% Jan ,6
25 Vb Feb 11
91 Vs Feb
^100
preferred--—__^____,100
Bros Pictures—
Webster' Tobacco
Dec
90
97
,*18%.
••
•
t per share
,
,^_No par
3
43%
31
12%
60 Va
23%;
*88%
93
:
*114
,a29Va ,30% v.,,
32
4%
19%
13
:•> 22%
23%
91
-17
■
-
•
154 %
.14%
*23
< 12%
-
V 88 r> 'i
...'*.7%.
■.
■■
17%
14%
*12%
e
LOW
G 'Ac W___—No par
2
May
82%
23
*«»%
.
>,
.
VW&i'
*88
.
-
24%;
> 38%.
.
77%.
"
*30
"16
19
•12%
59% 1
.13
*85
83/H.
\ '29;
_No par
Baking-Go-common
5 VzVtr
Warner
108%-Jan'23
11
32% Feb 13
85
preferred
Wayne Knitting Mills..___^.
Wayne Pump Co__.,
'
.
.
2
32
64
4%'%
Systemx_^_u.__^__
Walker .(Hiram)
35% Jan' 10
18% Feb
„
Aug
106% July
i
39%
'■93
37
34 :■ r: r,'
300
1
130%
17%. ,17%,38 %•
38%
...
9%
-
2,100
22,900
'
68%
96%
4V*
16%
d"
70
-
7,7>;,a,
2
28 Vb Feb
1
Dec
105
Dec
94%
•
Sep
12%
-
Mar.
30% Jan
Vb-Feb 27
22% Mar 12
;
Feb
Dec
>88
-•30
Feb
10
117% Jan
Mar 12
8
-
Mar
26%
'
-
Dec
;i42%
.
May
*27% May-'
22% May
>
Dec
-32%
Dec
17
-
'34%
75va .Jan
9 va
15
(
12%
V
Walworth
20
2
.
uJaii
IO8V4 Jan
,5
25
.
5
2
14
.;
;
■
-•<
Waukesha Motor Co
25% Jan-
17,
"
May
•
*23-
•
-19
Pipe
_No par
Warren Peti'oleum .Corp new oom-_3
Washington Gas Light Co_
No par
9
6% Jan
Jan
2
24% Jan
100% Feb
Jan
Jan
86% Jan
104
.
32
3
Feb ,21
114% Jan
*47.\. Oct
38% May
4
-
Jan
iovb
15
*j9
97%
•Walgreen C©
No par
'4% preferred_VT;_'_,t_Il__—100 ■
5.
8
> 48% Feb
13
105% Feb
38% Feb
:
'
-
105
2
Wabash ,RR
Waldorf
'
8-»•* Ward
13
116% Aug
Dec"*" ,113 *,
>''•'5% May
,
'
•
6% Jan
•:
11
112% Jan
•„
32% May
-105
'/(^'EXCHANGE
21% Jan
;
10
Feb
13% Feb
'105
,■■.
114%
V#
23% Mar-11:
•
14
5
Jan
29
Jan
"
39
;
Feb
34%
,
i
59 % !
9%
"91%
4%
'152
•
4%
9%
96 % •:
'4%
■
20
154 %,,'-■
■39%
4%
•
'30 I
'16
4%
'19%
'152
12%
>
59%
i
'(89%
•->.■
f ;
16 Va
'4%
19%
xi3
'RO
'7%;
34
16%
17%
4%
■
4%
*
17%
"38%
39%'
-4%
4%
cao
152% T,
i.12%
91
r
:
Va
:9%
96% (,-> .•'91V*
4%
4Va
19%,
23%
v
■:
•
9
.'91%
34
'38%
<
130
:
.
♦
■
"88 V
'39
9%
.4%
12%.:,
-
i-i
16%.
-
152..
■
£4%-
'22%
4%
1'7%
'
600
43%
68
•
4,500
126%
*67%
•r
.V
I
...
;■»
39%
43
69%
130% 130%
131
17%
39% \
'4%
4%"-.
16 V*-
13%
"gg (t,
:■... ,
'38%.
91V4 > 98 V2
'SO' V
130%
:v
68%
2,600
■
.
91 Va
"123%
V
44
■>
267/b
39%
68%
'
i
52%
26%
•'
'
1,700
'•>
42%
*89
68%
69
f
1
-
%•>-•.»:
19
>
16
:
Jan
; 13% Jan
>
17% Mar 12
.
-
10% Jan
•*12-,
7 91:.Jan
5
> 17% Feb
Feb
Feb
21'/a May
■
"
x83%,M»r 1-2
.
j.an ■»'
23%
26%
83% May
22
11'
xl0% Mar 12
10
Sep ;;
r
18
42%
:
600
6,700
9
*50
126
43
69%
*8%
40%
"123
43'% '■
.
"
15 »:
?32%
20
43
9
91%
39%'
•
17%
27
.
1.809
28
17%
55
"89 *
v
5%
28
42
•
26%
'
126 %
08%
131% C
d'7%'1
4%
4%
12%.
12%
Par
Janv 2
,
.i03%Jan:22/
5
37%
-
"•
15 % Jan
-8
32% Jan .23
.
10
30
•.
,! :
9
-10% Feb
17% May
>
66
16;
11
nov:..; >:(25% Feb
20
-
'
.131.
9%
-
9%
•;
-
45o>pfd_i-:25
'
'68%
,!:•
W
ff 20% Feb
-
43%69%' •(••
4-3
'
J,per share
19% Mar 12
:
;18% Feb
36%
127 %•'•<■
'08%
■<
26%.
91
>40
%
126%
(08 % i 69
39%
4%
.
58 Va ' 60
eonai—^No par t>-•V
NEW YORK STOCK
Highest
tper share
106 va Mar
Dec
'38%
( •
•
9'%
.
18%
series^-—100
Visking, Cpip tThelr
Vulcan Detinnlng Co common,
Range since'Jan. 1'V-
-62% Feb
Feb
Dec!
May
79.
41 >A
"53
f
300
(
'''
Feb
19%
08%'
i-
131% .131.%
18! ,18%
1
1S% '-19% d
32% Jan'cumulative preferred—20
Lowest
,
Dec
•"/■
44%.
69
26%
'89
»1..39
d;,;
40%-r.i
34%
5%
"■
•
18
•
"8%
55
80
900
72
34'/b
28%
17%
■
42
•;
91
12,7%
43%
•'
45
•
9 Va
com No par
STOCKS
■,
21
"
,,.L
36% Feb
AprJ100Dec'* "109 " July
xl7% May
-24% Jan
7% May ,
'.13% Feb
>-i-
18 Vs
•••
■
34Jan,V(8
32% Jan-13'
fpershare-.
vApr,
88%
>12
34 r;"Jan-
.
'
"
Coke
129%
42
5%
300
1,400
:f
12%
*70%
34%
28%
9
'53
i
26%
.'•;:> .39
68%
70%
13jl% 134%
' Virginian Ry Co .ooininoM—
:
25 •' • *35%
; G-?i" -prefee»ed-^L-s.Ji_-"__—"25V ■ >■('32%
-32% Jan > 5-
:
Apr;- ,u17% Jan .d
•
'
10
•»r
Highest
■29%
-
Iron Coal
26%
'89
41%
•17%
'8%
17%
12
"
•
5%
>
29%
17%
•—
11%
7.2
34 VB
>
5%,.
'28%
54
11%
."70%
34%
5%
,
•
70
173
.
70-.
7, ».:
-
7
;; .13%
10%
Va
8 *
.
19
.■''•'!. ",;*>>>•'>-
-
Jan
Feb
for Previous
U Year 1947 j si-.t
Sper share
-
r-
28% Feb
33% Oct
Lowest-
„
Va-Cafolina Chemical
173
72
34 Vb
43%.>
'52
91%
129%
".
175
12%
'70
.
9
42. >-
.27%
..
'173
16,200
>
96
.
17%
>
-■
100
(
27-
>40%
•
96
29
,
'8%
54
^89
407*
.*17
5%
17%
'
42%
'52
-
29
9
42%.
■
91%
-oseo.
"Jan
18%
,'8%
-'152%, 155%.#""
>f*3"%^;prefeifred;2n^
'
40
29
17%
•;
9
18
96
35%;
29
18%
*16%,
XC6
'11%
12
5%
*
•97
•
54 %
is
11%
'7,0
'34
6
?95
.
53 Va
97%
.
9C%
72
5%
30%
...
11%
.
'173Vt ' 174%
172%
11%
38
95%
'17,
96%
171%
38
95 Va
..
17%
34%
34%
•GPV*, -69
3%% -cumuijrtiw preferred—_400.,
-
10% Jan^'S.
.
18 r;: Jan
-rr.7'1".... .1.■>;
57
v.
11%
96
96%
173
'70
6-%.
'40%
?.•
173
12%
13%
-v
v Feb "21 T Vicks Shrpve
Pacific Ry-' cnm„ 100
91% Fab ,24> ^ S^- iipo^cuin ;prefeared——
-,;47% Jand.2 7 ."Victor^Chemical Works common^.—5
/•;
18 VB
38
'94
'
86
89%>Jan. 16
7% Feb-.ll
17%
38
18%
95%
2,7
Vertientes-Camaguey Sugar Co-_6%
Vick Chemical Co-^V-d------,-—2.^9
G
700
21
40%
.^•Nopa#.
-Oct' ■■■><: 38 Vj: Feb
'
>
T_
Feb""
.Aug
•
2$ % Jan
,
21
13
67%Feb;V2
r
; Dec *?•*• 33% Nov
.
Feb
Feb
"
38
13%
'ao
preferred—
Feb
Dec
>
30
86
10 !
50
600
53
'5C 'J..v ••'54-
^__lo
X-16%,Oct
Dec
:
j 30
3
14V4 Jan
>37%
17%
21
'42
•.
-
Nov
Nov
k|
.
86
37% Mar lO'
10% Nov
'Dec
}
'
v
104% May,
■97% 'Oct
May J
■
id- 22.,. Mar
50%- Nov
5% May-.
69
1
; 2v
'
Dec
•
Feb
'".94 TSJan
Dec
•
-95-
>?12% Jan.
94% .Feb
.
35-% May V
'-i {.
16
38
500
67
14%
^amidlum Ddtp bflA
15
i (
■f 14'3/4 Jan <"5 :TfVan Norman
2.5D - '.'*■>
18%
d 26 f Jan!,"23
Van Raalte Op tine new-£jd-—^ _10
,:;'2B h:
13
17%
53
16% Jan 27 d
*
Nov
85% .Nov.
■•••
Jan
Feb
21% Feb
5%
>64%
18
21%
!
; .13% May X
22
: Feb
% 14% Dec 1 >■ 18% Feb,
"5
67
*17%
13%
18%
—ii—_iOO f
Tobacco
5%
"64%
17%
21 VB
•
'^5
5%
67
17%
37%
51%
:,-'8%
United Stockyards Gorp—.„d
United Stores M2Q .non-.c 2d pfd
5 /
Jan "2-
-
10.200
42
14 Va
14
■
14% Jali.
42%
42%
17.300
21%
'29V4.
i
7>i Universal Pictures Co Inc comd_£-l
6434-Mar 12 y
preferred^-
4
.31,300
'21%
.
6-< V l63%
Feb
56
>
17"
10% Mar
Feb
.
,
40
2%
14%
.$6 conv preferred—^——Nopar >'
'9£%- 98 % s
:5% Jan 15-^ United : Wali -Paper" Inc common
2 i
fiVa- 4%"'
Janx 21" t • v"4%fcum conv preferredl^iJ—_50 '-i
%a>30
34
f '
17% Jan '■& • - Universai.-Cvciops' Steel-.Cjarp—•—1
'16%. 17 "i
-d 5% Jan >14 J. Universal Laboratories Inc——
4%d-
;-
3 Vb
52%
2%
21
'6
31%.Jan- 27 « ".-.■km-"
Feb 7
Feb
23%
,
,
22
V 11%
3 Va
51%
2%
51%
72
-comnron.—_1
'4y :
200
51 Vb
35%,
..
.
29%
800
51%
>35%
17%'Feb, 10 ^••197g jan V 8 r^U-J .Tobacco .Co-.com..
—-No par ^
■38'V Jan .2)
40% Jan>9:iuai-xmm preferred..
.—25 i
"
10%
52
y
.
„
29%
19
38 Va
'70
rprd;' series AiJ—^loa
w;
1,600
.
42%
5%
'64%
17%
GOO
31%
3%
2%
42%
57/b
66
'17
12%
31%
'37%
'11%
"
j._1Q
7 %■> pref«rred
-v,
.a.V. 12%
x33 %
16
'
5%
66
17%
12%
51%
51%
2%
41%
19
12%
3%
52
.2%
43
5%
68
17%
3%
'51 %
2%
%
19%
32
38%
'173
7% .-'Pref«rr«d'--^---I;i^-j-^i_50
>;-8% .Oct A.; '►,V» 4% Mar- 3 -1tin:'1 •: 5%Jan t.(6
Feb
.;
10 i'; Jan V5
8% Feb 11 :■
'93
Jan 29
109% .Jun
97 Va Jan 13
..
Jan
Mar-12
.
42
17%
class A——No par
par
'64
52
2%
'
97
5
'VU a Steel Corp common——No
9
>
'51%
3,700
14%
^No par
com—
29%
3%
18,300
83%
21
1
100
;U Si'Smeiting. Ref & Min.
'
29%
'
700
18%
•
51%
^8.% ?non-cum 1st preferred—^100
13'V.,
'785/« JaB
'
;
-»aa«
Feb ,27'#'
•
130
Feb
5'-. o.Jan
•8
47- >«Jan; 30
>,,7(0
30 Va
57/B
57/s
17%
i
6'
ai£6%'.Jan-i..7
;
'
61% May
133
Dec
> 38
5%
69
>>
7
'29
3%
2%
43%
TOO
Co.common
30 Va
3
52%
'
2%
common_.._No par
;U ~S. Ply wood Corp
5r.
;9
45%/Jan
'51%
52%
42%
S
'
•
-
'129
3%
2%
5
preferred-1-
31 %
3
43%
Pipe- ik Foundry——.l_—
2Q
U S Playing Card Co_i_7
>—lo
7
:
V
Co
conv
,.."12%
30%
3%
'66
S Lines Co apmmon__-__-_^__
U
10
-
Leather
4 % %.
"
8
53 % Feb
S
19%
-12%
29%
'17
Corp—
19%
12%
30
'12%
5
%preferred—
19%
12%
29%
12%
30 Va
2%
No par
industrial-Chemicals
Partic &,
■
2>-:" ,U
...
45% Jan
r
6
•'5
9% Jan
.
14
Feb
Jan
' 21 % Jan
.
13
38% Feb
?
Feb >
165-
9 *
16.?
Jan
87
Feb
36
15"
25'/. Feb
103% July
40% .Dec
127% Dec
Jan
39% Feb
Feb a
.39
ibec
-
?> U
g% Jan
Mar 12
19 Va
'42%
1st
Hoffman .Machine
U S
19 Vb
1
preferred-i-L'-^.-^—
4 %
;•
19%
Va
29,400
107%
17%
18%
84
30 Va
'94
2' tp- U
14% Jan
11
18
83%
12%
1-8
7%
18%
84
30
Securities-,.—No par
23
17%
82
'29
Shares
27%
26%
106
for
the Week
share
83%
18%
81%
'19
100
27%
107%
,107
f
17%
12%
v
^7%
....
81%
30%
'51
27%
107%
$ per
81%
30%
preferred-'—i_^_LNo par
U S Freight Co__,.-_No
par
U S Gypsum Co common—
:
20
\
20
3%
26%
'107
Sales
Mar. 12
$ per share
81
,
'12%
100
coin;
26%
107
Friday
Mar. 11
$ per share
18%
1
Mfrs Inc
25%
107
Thursday
Mar. 10
17%
5
—
&
27 %
109
27
PRICES
Wednesday
share
per
'29
Improvement Co„_ 13%
Mevch
$4.50
8
12*
:
S
'
175
24
28
Apr
46%
Dec
*
United
12. >
105% Jan
9
Feb
33% Feb
Oct
10:
May
$
'29%
'
Nov
".24%
Dec
23% May-
:
<71
Feb
39%
Jan,
46%
■
e
•
Corp——10
'
Jan
35
11
11% Mar
Feb
53%
5% May
7,. 16%
>. 9%
...
11
92% Feb
United Gas
5 > U
97.-'. Jan
170% Feb ' 6
Jan?;
.•94?
Dec
25%
20
convertible
United Fruit Co
12
21% Jan
■i
'19%
•
Dec
,37
Feb
15% Feb
i.
Feb
196% Mar
.71%. Dec
«
17
56%Jan
27
Carton
&
United Electric Coal Cos
United Engineering & Foundry
2
16% Jan
89
v
Oct:.
20%
„
22% Feb
9
16% Feb
Jan
,
May
-Dec
27
13% Mar
Oct
106
10
>F*>b
Feb
Feb
Jan
19%
48
Board
United Dyewood Corp common
7'!»
preferred
:
5
26%
'107
v..
80%
United Corp common$3 preference-
5
6% Jan
26%
109
80'/e
cumulative
$3.50
2% Jan
43 % Mar
26
26%
•107
18%
Jan
11
4% Feb
61% Feb
Jan
.24 %
13%
55
10
13
Jan
Dec
86
4% Jan
Feb
40
Feb
•12% May
171
'
19%
May
44%; Jan
•91
8
5
100
common
United Carbon Col——:.
No par
■United-Carr Fastener Corp__-No par
United Cig-Whelan Stores com__30c
,
43%
11% May
33
20
Mar
Inc
177/»-
United
2
Jan
31% Jan
2% Feb
53% Mar
Dec
?
5
48% Feb
Jan
15 % Jan
35.
20,
Feb
3
Jan
4%
Dec
5%
.
29
Feb
83
Dec
41
27% Feb
Dec
33% Nov
Dec
50
7
.35
Lines
preferred
100
United Biscuit Co___,
1
No par
"
26%
S per share
10
4 % %
2
Jan
Air
SALE
Mar. 9
"
25%
Dec
15 %
HIGH
Tuesday
Mar. 8
$ per share
Par
1
(11-67)
Monday
Mar. 6
"
I
.
CHEONICLE
m
6
"
35%
85%
*90
35%
35%
86
85%
\
*39
93
86
'•
85
-
*23v4
24%
*23%
20V8
20%
xl9
J0%,
10%
*85
93
39
38
,,38;
85%
85
85
91%
*90
*27
28
*27
*11
11%
85
85%
,
24%
10%
93
~
85 "
*23%
39
39VB
84%
85
85
*23%
24%
19%
19'a
ib%
91%
*90
28
*27
10%
*90"
38%
84%
24%
19 Ve
.10%
11V4
93
93"
19%
-10%
10%
*90
91%
*27%.
28%
10%
10%
38
"
19'a
*
1,300
85%
'91%
28
10%
•
300
85%
1
*91"
93
90
"
10%
10%
*90
36%
'
39
-
■85%. .85%
35%
~
93
93
39%
:
■'
,
*23%
24%
19%
-
20
JLO %
10%
'90 /-•
*27%
11
•
*38%*
85
V
*23
191/4
! 10%
39%
85
20
2,200
130
24%
19 %
2,66(3
10%
1*300
91
*90
91
28
*27%
28
11
10%
10%
1,900
I
i
28
RECORD
NEW YORK STOCK
LOW
STOCKS
Bange for Previous
Lowest
% per share
13%
Feb
Oct
51
64%
17
Jun
20
Dec
19
Oct
31%
43
48 %
-
35
21
Feb
10
17% Jan
9
Jan
13
Jan
13
28
83
Feb
Woodward
Iron
15
Woolworth
(F W) Co
20
64% Jan
5
3
*81% Feb
.4
89
Jan
8
69
Mar 11
Mar
78
81
Feb
Dec
100
Dec
80
62
Nov
70% Mar
8
May
4
Feb
Feb
16
58
Jan
5
'
13
9
10% Jan
15
21
34% Jan
2
10
York
19
33% Aug
10 y« May
45
Jan
Feb
10% Feb
27
13% Jan
37%
50% Mar
39 % Feb
11
43% Jan
.
27% Feb
Yale
Coro
4% %
5
Jan
Towne
&
23%
Oct
15% Feb
21
21-
83
Oct
65% Feb
27
79% Jan
2
Feb
14% Mar 10
18% Jan
2
11
23% Feb
2
Zenith
Radio
2
Zonite
Products
'■v.-V:;Z
14% May
5% Jun
•Bid
and
25
19% Feb
July
10%
5% Feb
Jan
asked prices;
no
6% Jan
25
Jin receivership,
sales on this day;
Stocks,
Number
Wednesday
Thursday
Friday
$1,877,500
318.000
86
'• 87
•85%
86%
*85%
86 %
3<J0
69
*67%
69%
100
82%
66
66
•62
€3%
63
63
8%
8
8%
8%
40%
11%
;*39
•17%
•10%
40%
17%
10%
•39
•39
17%
•16%
17%
;-67
14%
68
15%
67
20%
5%
18%
67%
69
66%'
67%
15%
15'%
15%
15%
15%
20%
20
20%
20
20%
5%
5%
5%
5%
20%
5%.
■
3,000
2 943,100
$27,000
<
1948
104.12
'
-.
Feb
107.20 Mar 10
107.20 Mar
1.0
Feb
1947
;
101.27
Dec
Treasury
Treasury
Treasury
Dec
.104.4
101.24
102.22 Feb
~~2
102.22
101
101.11 Jan
FetT~2
101.11 Jan
7
Apr
100.25 Jan
100.25
7
100.23 Jan
28
103.20
Dec
,
7
Jan~~7
100.23 Jan 28
Apr
Apr
■
ivBonds (Par
Foreign
Government
105.17
100.10 Jan 12
100.8. Mar 12
2%s
;_
L_
103.19
Apr
100.8
Jan~~6
»
100.10
$43,000
'
$8,000
29.000
147.000
56.000
167.535
95,000
22.000
8 000
224,000
11.000
1.000
236.000
6,000
203,000
$41,000
$1,088,000
$14,000
266,000
12 000
215,000
'
•
['
184,000
$908,000
-
13,000
$139,000
Jan. 1 to
125,000
March 12
1947
1948
1947
Deo
105.18 Sep
Jan"Io
__
102.6
Sep
102.24.May
100
Mar
4
100
100
Dec
102.24 May
100
Mar
2
100.2
100.13 Nov
—
Treasury 2%s__.__
Treasury 2%s
Treasury 2%s____
1,446,255
10,719,231
20,489,556
$1,260,000
$11,028,000
$11,309 000
157,000
1,641,000
1,429,000
25.000
407,000
131,000
$1,442,000
$13,076,000
$12,869,000
139,000
41,000
$1,088,000
Treasury 2%s_
York Stock Exchange
-
82d of a point.
Monday
Saturday
Mar. 6
High
Low
.
,
AND
Mar. 8
i
High
Low
Mar. 9
High
Low
103.28
*103.24
103.27
•103.23
103.26
*103.22
105.31
*105.28
105.31
*105.29
106
*107.26
107.30
*107.24
107.28
*107-21
107.25
*103.25
103.25
*100
*100
*104.27 104.30
*104.26
104.29
*104.26
104.29
107.30
*107.24
107.28
*107.22
107.26
105.28 105.28,
107.20 107.20
*100
— -L*104.25 104.28
*107;20 107.24
*100
*107.26
—
•
*103.20
103.23
*105.28
105.31
*107.18
107.22
*100
*104.24 104.27
*104.24
104.27
*107.18 107.22
*107.18
107.22
107.22
*107.18
107.22
107.24
*107.18
Low
100.5-Jan
9
100.3
Maf '4
Feb 11
Jan
9;
107.30
*107.24
107.28
*107.22
107.26
July
102.23
102.25
Apr
Mar":11
101.12
Jan"30
107.22
*107.16
*107.14
100.28
100.28
*100.26
100.28
100.29
*100.26
*100.26
*100.27
*100.27 100.29
102.21
*102.18
102.21
*102.16
102.19
*102.19
*102.18
102.19
102.22
*102.16
*103.15
103.18
103.17
*103.14
103.17
103.18
103.18
*103.14
*103.15
*103.15
*103.6
103.8
103.9
*103.7
103.9
*103.7
*103.7
103.9
103.9
*103.7'
103.8
*103.5
103.7
*103.6
103.8
*103.6
103.8
*101.12
101.15
*101.12
101.15
100.29
*103.15 103.18
1952-1954
*103.8
103.10
103.11
*103.6
103.8
*103.6
101.13
*101.11
101.13
101.15
101.13
*101.11
*101.12
*101.11
*101
*101
*101
101.2
*101
101.2
101.2
101.2
101.2
*10i;
100.27
,*100.24
100.26
1964-1969*
*100.24 100.26
*100.25
*100.24
100.26
100.27
100.27
*100.25
*100.25
*103.9
1956-1958
—_T_1962-1967
,__1963-1968
.
*101
101.2
100.26
*100.24
100.26
*100.24
100.26
100.26
100.26
100.26
*100.24
*100.24
*100.24
*100.24
1964-1969
*100.24
100.26
*100.24
100.26
100.26
100.26
*100.24
*100:24
100.26
100.26
*100.24
*100.24
__1965-1970
100.18
*100.16
100.18
*100.16
100.18
*100.17
100.19
•10Q.16 100.18
*100.16
1966-1971
•100.16 100.18
*100.8
100.10
100.8
100.8
19(37-1972
*100.8
100.10
*100.8
Dec
Treasury 2%s_.
Jun
100.10
*100.8
100.10
*100.8
100.10
*101.10
101.12
*101.8
101.10
*101.8
101.10
*101.7
100.10
*100.8
102.4
101.16 Jan
20
101.16 Jan 20
100.10
101.14
*101.9
101.11
*100.8
*100.8
100.10
100.10
*100.8
*100.8
1967-1972
Treasury 2%s_, —__Dec
—1951-1953
Treasury 2%s_. _J
100.10
100.10
103.21
*103.18
103.21
*103.18
103.21
103.21
103.21
*103.18
*103.18
103.21
*103.18
•103.13
102.7
102.7
*102.5
102.7
*102.6
*102.5
1952-1955
102.8
*102.5
102.9
*102.6
102.8
*102.7
104.12
;■ *104.8
104.14
*104.10
104.14
*104:i0 104.14
1954-1956
*101.19
101.21
*101.19
101.19
"i *101.22 101.24
101.21
Sep. 1967-1972
—1956-1959
*100
100.2
100.2
100.2
*100
*100
100.2
*100
100.2
*100
100.2
100.2
100.2
*100
*100
100.2
ITreasury 2&
_,Mar 1948-1950
-Dec 1948-1950
*100
*100
.
*101.4
_Sep
1949-1951
101.8
-Dec
1949-1951
*10i:8
101.10
*101.8
Treasury 2s
-Mar
1950-1952
101.15
*101.12
101.10
101.14
*101.8
Treasury 2s
r
1950-1952
1951-1953
1951-1955
Jun 1932-1954
—Dec 1952-1954
1953-1955
1948
1950
100.30 Apr
101.2
101.8
Apr
Treasury iy2s
International Bank
Sep
101; 13
97
Mar 11
No sales transacted
this day.
94.14 Jan
15
10-year 2'As
25-year 3s
*100.27
*100.26
100.28
*100.26
101.4
*101.2
101.4
*101.1
101.3
101.6
*101.4
*101.8
101.6
*101.4
101.10
!
r~"
.1-
101.6
*101.8
5%-r"
«:M
100.28
.
it.
r-
101.10
*101.8
101.10
*101.12 101.14
*101.11
101.13
101.11
101.11
*101.11
101.13
101.15
*101.12
101.14
*101.12
101.14
*101.13
101.15
101.10
*101.13
101.15
*101.13
101.15
*101.13
*101.12
*101.12
101.14
*101.12
*101.12
101.14
101.14
*101.12
101.14
101.15
*101.12
*101.12
*101.12
101.16
101.15
*101.13
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.10
101.12
101.10
101.10
*101.8
*101.8
*101.5
*101.6
101.8
101.8
101.8
101.7
*101.6
101.8
*101.8
*103.6
103.10
103.8
*103.6
103.10
103.10
*103.6
*103.6
*103.6
103.10
*103.6
101.10
103.12
*101.6
*101.6
100.7
100.7
*100.6
100.7
*100.6
100.7
*100.6
J00.15
*100.14
100.16
*100.13 100.15
*100.13
96.24
96.24
*96.20
97
*96.24
96.28
96.28
*96.21
97
96.25
1,000
101.1.4
101.14
101.14
*101.12
101.14
101.15
*101.12
*101.13
1
100.7
*100.11
100.13
100.7
*100.11
100.13
*100.12
100.14
96.24
*100.6
*100.6
96.24
*96.25
96.29
30,000
96.24
97
*96.30
97.3
35,000
,*100.6
for
Reconstruction & Development
*101.4
*101.4
100.26 Oct
price.
101.6
*101.2
Treasury l%s
•Bid and asked
*101.2
101.6
Treasury 2s
July
101.4
101.4
Jan
,' 103.4
100.29
*101.2
*101.4
;*100.27 100.29
100.28
r
t|
.
*100.27
; *101.2
July
Dec
* ! fV
•r;
*100
*100
*100
—
*100.26
1949-1951
-Jun
103.4
95
*100
100.29
101.4
2s)_J__i_.
Treasury 2s
96.26 Mar 11
I
U:
100.2
100.2
*100
*100
*100
100.2
f*100
Treasury 2s
94..1G Jan J5.
,
.
I *100!
Jan
.102.00 July
*101.17
1959-1962
103.2
,
101.20
1959-1962
101.23 Dec
Dec
104.12
*101.18
-Dec
Apr
,
*104.8
101.19
-Jun
103.1
95
104.12
*101.17
Treasury 2y»s
Apr
102.28 July
*104.8
*104.8
Treasury 2!/4s
Treasury 2s
102.30
'3,000
101.9
*100.8
*101.12
Treasury 2s
Apr
101.20 Dec
101.11
3,000
107.18
*107.18
107.18
107.24
*107.14
*107.20
107.20
107.26
Treasury 2s__
Apr
May
$20,000
V
*100
*107.22
1950-1952
2%s__ _;
Treasury 2%s_
Treasury 2%s__,
Treasury 2s
102.6
the Woek
Bonds ($)
High
*107.20
([* 100.27
V *10249 102.22
-Jun
Sale* for
Friday
> Mar. 12
Thursday
Mar. 11
Low
High
*103.20 103.23
*105.29 106
*107.18 107.22
*107.26
_
i-1948
,
PRIGE&
HIGH 8ALE
Wednesday
' Mar. 10
Low
Ht(h
Tuesday
,
*105.28
'a'
______1949-1953
Treasury
Treasury 2s"
102.12
I-
'•
■■
.—1958-1963 "
2%s_„_„
Treasury 2%s
Treasury
102.12 Apr
101.12 Dec
•
1,019,165
;
Total
•
-V)
______
Treasury 2%s__
101.7
100.13 Nov
Total
$908,000
point represent one or more
1960-1965
Treasury 2%s_
Jun
Dec
■'
Foreign
Corporate
Treasury 2%s_.
Jun
100.7
t
Value)
1
Treasury 2y4s
105.17
,7 't
223,000
Foreign corporate,
-.
Treasury 2%s____
.Jan
104.15
101.24 Dec
-
Bonds
WEEKLY
•
3%s___i_—5949-1952
3s__:
_^____.1951^1955
27/aS
[.1955-1960
2%s
_„__,_1948-1951
2% s
____1951-1954
2%s
1956-1959
Treasury 2%s
104.10 May
Deo
;j
i,3oo
$35,000
Foreign government.
$242,733,000
Treasury 2%s—
Feb
104.18
101.26
'v- y
Week Ended March 12
226,558,800
EXCHANGE
•
Treasury
104.23
:■
'1,500 V(
>5% V. 5%
■
-
15,940^700
FRIDAY
Treasury
May
104.24 July
104.24 July
104.14 Sep
20%
Domestic
Domestic
$214,856,700
ITreasury
Dec
Feb
20%
"-5%
\
226,645
$233,500
195,002,000
Treasury
105.28 Mar 10
104.12
20%
•5%
.___.
Stocks—No. of shares
17,347,700
'V\V;;' ■ • >'
Highest
Lowest
106.13 July
Feb
20%
179,125
GOVERNMENT BONDS
NEW YORK STOCK
Feb
114.8
2,500
1948
16,748,200
112.6
May
6,200
15
1,019,165
$240,000
Treasury
114.8
67%
15
-
68 %
/
"' V/
■■
1.
57,377,270
1,268,500
105.28 Mar 10
102.6
67%
15'/a
»/a
15
96.305
Thursday
2.267,000
Feb
108.16
,
'■!
187,825
Wednesday..;
44,487,547
$2,500
108.21
Dec
108.16
100
,•
Jan. 1 to March 12
1947
Range Since January 1
-
106.13 July
of
.
column
the
in
Highest
111.23 Sep
101.8 July
17%
.
$16,325,900
$65,000
$18,019,200
*16%
•16%
161,730
3 197.800
$27,000
65,000
1,877,500
14,356,400
17%
;
,
■
Share)
12,1948
Saturday
Monday.
1,000
5,181,170
Range for Previous
Dec
•.
2,300 :
40
sale.- s Special sales.'- wd When distributed, xEx-dividends.--y. Ex-rights.,
LOW
106.4
5%..
500
10%
10%
*38%
'V,
Week Ended March
'
Sep
y
28%
28%
40
.•33 %
40
40
888,000
2
Figures after decimal
106.6
10%
/'and
The italic letters
Year 1947
28%
10%
17%
1,400
YEARLY ■,®
interest"—except for Income and defaulted bonds. <, Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of; *,
of the regular weekly, range are shown in a footnote in the week in wthich they occur.
No account is taken or sucn sales in computing the range for the year, ,
beaded "Interest Pericd" Indicate in each case the'month when the bonds mature.
J?-
week, and when outside
Lowest
X23%
10%
10%
■
$23,000
'
104.25
28%
•28%
'■
11
68%
•"
8%
j;
300
8%
8%
»/4
8
8 y8
;
62%
62
62%
•62%
8 Va
29
29
29%
•29
30
66
66
a,
69
66
63%
66
11
Bond Record «» New
are
87
Stocks
28,000
272,000 r:.
$16,325,900
NOTICE—Prices
150
82%
(Number
"lV.000
,
Bonds
th«
79
8%
2 664,000
3,963,120
Total
*77%
•62
64-
$1,201,000
3,432,000
$27,000
444,000
1948
\
79
Sales
Bonds
Week Ended March 12
,
*77%
Daily, Weekly and Yearly
Bonds
$14,356,400
Railroad & Industrial
79
-
266.500
Foreign
78
44%
Transactions at the New York Curb Exchange
Bonds
2,537,000
2,902,300
2,668,100
—2
78
Bond
2,270,000
International Bank—
700
•76%
81%
Exchange
394,000
U. S. Government
56
84
-.aDeferred delivery. :n New ^stock. rCash
$183,000
Stocks—-No. of shares
*55
•15%
Government
$1,018,000
2,961,000
Total
56%
•68 % r>
Bank
3,963,120
Tuesday
44%
*55
Total
321,290
743,080
656,500
—734,170
823.310
684,770
,
44
56'%
•17%
-Foreign
Bonds
29%
44%
55
78
5%
6,800
29%
44%
56
20%-
1,500
44%
30%
44%
56
65%, 66
United States
•
Shares
_
29%
V 29 :
29%
(
400
7,500
.
44%
29%
29%
„
,
134
•132
55
78
•39
16%
:
17
16%
16%,
30%
56
•29
*.16%
135
*132%
135
•132%
137
16%
16%
16 %
16%
,
•132%
,
83%
*81%
17
17
300
7,0oo
i'' 200
,s
13%
'
83%
X31%
17
13
45'/4
78%
•10%
82%
•16%
51 %
51
13%
6,700
7%
7%
52
30%
.
57%
8%
82%
■j
16%
.
16
16%
78%
Int'l
Railroad
of and Miscel.
16%
137
*56%
•62
13
44%
30%
45 y4
•82
83%
*81%
17
16%
137
30%
No par
1
_
Corp
Daily, Weekly end Yearly
Saturday
Monday
16%
44%
*'51
13%
./
Corp
Transactions at the New York Stock
Week Ended March 12, 1948
16%
1
50
cum
14% May
21%
13%
83%
16%
.25
Mfg Co
common
53% May
May
13%
*81%
16%
preferred
Young Spring & Wire
-No par
Youngstown Sheet & Tubs—No par
Youngstown Steel Door
_No par
Mar
8
Feb
15
13%
•132%
7'/a
52%
13%
83%
(Del)—No par
Prior pfd 4%% series
100
Prior pfd 4%% conv series—10o
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
Wyandotte Worsted Co.
J'67% Jan
13
7%
7'/a
7%
13 Va
51
13%
•132%
$ per share
•51%
7%
.7
51
•16%
Worthington P & M
60% Feb'27
.
18%
16%
:
.
51%
51%
•81%
10
10
(new)
Co
2
47% Jan
7%
7
7%
52
Shares
share
$ per
S per share
for
the Week
Mar. 12
Mar. II
Mar. 10
Sales
Friday
Thursday
Wednesday
j
8 per share
$ per share
share
7%
•51%
100
preferred
33% Jan
52% Feb
;
53
Dec
6%
5
11
Apr
•'
xl38
Feb
43 % Feb
•
Feb
94%
8
xl38,
68%
Dec
75
21
Jan
Feb
Dec
53
May
May
21
88 y4 Jan
15
145% May
Dec
<16% Jan
19
16
Nov
135
11
19
'•»
Nov
15%
29
12% Feb
Jan
16
Jan
58
9
Mar
S per
Par
Willys-Overland Motors com
1
$4.50 conv pfd series A
No par
Wilson & Co Inc com
No par
$4.25 preferred
_No par
Wilson-Jones Co
10
Wisconsin El Pwr Co common—10
9
82% Feb
Oct
99
10% May
88% Dec
9y4Jan
20
Feb
7
t per share
share
$ per
t per share
6% May
51% 8ep
Highest
Lowest
Highest
PRICES
SALE
HIGH
AND
Mar. 9
Mar. 8
Mar. 6
EXCHANGE
Tuesday
Monday
Saturday
STOCK
YORK
NEW
Range since Jan. 1
Year 1947
Monday, March 15, 1948
& FINANCIAL CHRONICLE
COMMERCIAL
THE
(1168)
1957
—1972
([Being called for redemption March,, 15,
♦96.25
*96.28
97
1948 at 100. a Odd
lot transaction, r Registered
96.25
bond transaction.
,
Number 4681
Volume 167
THE
COMMERCIAL
NEW
YORK
RANGE
MFriday
'.•;•
>:.
New
BONDS
t
•
Last
Period
Sale Price
-
or
-
.
Friday's
;'
Vs
Now York City
■/.:>■
ThUMil Unification Issue—;. V
3% Corporate Stock™1980
->
-
Bonds*
Bid Sc Asked
Low
■"
BOND
WEEK
ENDED
CHRONICLE
RECORD
MARCH
12
Week's Rang*
....
Interest
..
Stock Exchange r/
York
FOR
FINANCIAL
Range Since
t'.Sold
High
Low
Friday
BONDS
January 1
NO.
*
••
New
-
York
Stock
Intereet
Exchange
High
V
J-D
'Registered, --^—--i-:
-
,
:,i 10218 1043/4 -;
y1041/2
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117
10311 «Y
;v 100%.
4
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104%
103 si/ 10353
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20-year
exU
«
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a
s
Foreign Securities
Jan
7s____
1967
WERTHEIM & Co.
;> Telephone
Members New, York Stock
•
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Exchange
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19
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•
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35
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72
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23
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23
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33
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37
1958
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2
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14%.
assented
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103%
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1961
assented—
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80%
104
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s
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57
97%
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56%
99
42
—
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21
MS
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1963
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^
^
1957
1
__
extl
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*
104-
1
47
V
19%
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97 '/a
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104% 104%
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99
104%
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:
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;
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sinking fund 6s
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J-J
1942
sinking fund 6s
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93
MS
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1954
s
97%
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1950
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92
86
1959
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(Int reduced to 2.25%)
52%
92
91
-
56%-
56%
75
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57 Mr
56
54'
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86
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1942
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4/.'-' 56
95%
2008
1966
57%
53
1
94%
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56%
54%
•
72
91
_
MS
2001
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assented
56%.
52 y*
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*
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77
1st ser
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s
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54
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;
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75
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(Int reduced) to 2% )—_—2012
y
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.
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,
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77%
76
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91
33
37
78
78%
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/
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-
78
'
22
■
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55%.' 56%
54%
83
'
s
1
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33
24
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80
F-A
1947
IA Rio de Janeiro
/
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Canada (Dominion of) 4s
j
54%
;
53%
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29-year
y.
57
24
30
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29
92
82
■tamped pursuant to Plan A"~
56'A
.
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M-H
MS
1961
59
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—
...
(Bat reduced to 2.375%)_
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y
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;
i
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'
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1963
57
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--
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"
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31
.
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56
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__
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f
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65
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1970
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,
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52%
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13%
is:
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1957
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(State of)
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,
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16
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58%
60
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a 344® iSeries No. 29
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(City)
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62%
.
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1967
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1994
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59
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37
— —
r
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1963
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58%'
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33
1963
ref 3%s series B._
see
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58%
56%
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—
58
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r
31
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<>
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54
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55
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5
3
1965
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(Int reduced to 2.125%)
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y
>
4
4
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%
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,
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3
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1957
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lAPernambuco
49
55%
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12
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41%
2
33
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■
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A
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61
44%
—
34
15
25
5
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s
l»%
21%
22
22%
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49%
61
55
3%« Series N0./I8-™
;
62%
42%
.
-
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,
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fund
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I
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•
5
65
54%
3%s Series No. 13J>_
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,
58%,
42%.
•/
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8
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1979
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f
s
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3%s
12
•
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31
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33
1959
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49
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2008
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to
22
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49%
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56%
65
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*
—
7
3%s Series
;
40
(Plan B)—
4
J%» Series No. 5
l%i Series No. 6—
.
} >.
30
to
23%
12
1958
f eVaS—
a
'Int reduced to
62
45
.
l%» Series No.
"'k
•
—-
42%
J-D
3%s Series No. 2_
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•
reduced
external
■tamped-pursuant
114Va
due._1951
3%s Series No. 1
I
'
104%
54
56%
40
a-o
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1978
1931
112%
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100
75
■
assent_i_1933
6'/2s__:
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*13
agree-1963
■tamped pursuant to Plan
A Bee
108'/a
15
f
s
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7%
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18%
J-J
1942, agree_1963
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1952
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1979
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of
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1
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39
,
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(City of)
^dec
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Rxtarnal t bonds
i
i
funding bonds
H
:
54
__
__
1952
;
to
89%
100
113% 113%
54
83%
19
108% 108%
A-O
1957
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v
102
■tamped pursuant to Plan'A
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1942;
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pursuant to Plan A
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52,
3:
88
87
101
■tamped
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91%
A
(Int reduced to 3.5%)
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93
87%
.
5,
104
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AAss'td to NOV 5.
87%
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104
5V
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J-J
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to
lATreasury
A
21_
87%
113%
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-I':
J-D
1954
to
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13%
'
A-O
1945
™_
Assenting 4s of 1904—/
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29
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J-J
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agree_1963
:
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8s_
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88 y2-
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external
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99
97%'
■:
6,
•
6 JA
22
5, 1942) agree_1968
IA Assenting 4s of. 1910_—
1945
40%
91%
105
Nov
41
43
12
1942;
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33%
11
99%
to
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38%; >
:
87%
m-s
»
f 7s-___^_
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1949
95
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1962
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jj
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33
:
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33
/
40 f
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38
12
1943
IA Assenting 5s of I899'_ J„
f-
40
•
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45%
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J-J
Asa'td-to Nov;-5, 1942; agreel.1968'
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...
37
w
33%
1956
29-year 3'/2s
20-year 3VaS
19-year 3%s
33
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40
v.
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92%
;, l
,
95
13%
M-S
1954
y
►100
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J-J
1951
82
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1977
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so
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j'
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A
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1
.
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A-O
—1957
-
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J-J'
s
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1958
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1952
90
39
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*
1947
•
.
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A-O
1877
59
—
6%
F-A.
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68
16
.
25
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1977
to,-3%-™_
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6
39%
■
1960
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Mexican Irrigation—. : v
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62
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fund: Gs_
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62
39%
for
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Brondwajy New York
Consortium
Works
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463i
1564
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Italian Public Utility—
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'
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,'
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71%
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■
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•
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J-J
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1955
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YORK
NEW
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York
New
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>
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—I962
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1962
Slovenes
M-N
414
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4 v4
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4%
of)
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P
J-D
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Sydney County Council 3%s
,__1957
lAUruguay (Republic) extl 8s__—1946
J-J
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s
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J-J
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Alabama
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Co
1958
1958
.
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Southern
A-O
90
Alabama Power 1st mtge 3 lis
—3972
Albany <*e Susquehanna RR 4%s>__1975
Alleghany & Western 1st gtd 4s
1998
Allis-Chalmers Mfg 2s debs__—
,-3956
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_2030
100%
104%
1
100%
106 y4
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93 y2
9&%
92
M-S
100
99
09
84%
93 lb
98%
84%
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92
132
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92%
9274
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95%
95%
95%
9074
41
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J-J
1986
90%
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conv
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3s
17
95 V4
95%
13
91%
108% 109%
729
106%
109 3b
102
101
1027b
100%
1021b
-J-D
95%
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101 lb 102
1037b
—__1962
A-O
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1969
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101%
July 1995
Q-J
debentures
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1st
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94
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67
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5
115%
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4074
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2
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94
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61%
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108
79
55 lb
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,
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27
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.
67%
67
56
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24
6774
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56%
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1948
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77
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292
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99
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2674
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16
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1951
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Chic Terre Haute.
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1963
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69
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4974
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Cincinnati
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1951
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89
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91
119
121
—
94%
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I
1970
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274s
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J
1976
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69
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96
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—
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1st mtge
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1954
1950
1969
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1976
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101
76
78%
20
55%
31
19
*102%
—'
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[
•
100
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76
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8
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93
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98 %
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1957
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1952
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1960
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60
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60
25
5974
A-O
90
92
90
-
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1948
1950
1961
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1972
1973
1977
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101%
100
100
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103
104
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1955
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4lbs
1956
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1951
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gold
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deb stk
perpetual
Clinchfield & Ohio
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1965
108%
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G
99%
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12
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1981
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1965
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111%
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&
10974
1117b
11274
110% 111 lb
12
1107b
21
106%
107 %
98
85
96
5
87%
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101
107
108
58%
1948
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102
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64
66 %
1945
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43%
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44
59' "
3974
45%
1959
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1959
4s__1951
1946
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59%
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52 %
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52 V8
19
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Illinois
Light 3y2s
tACentral of N J gen gold 5s
A5s registered
A General
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York
J-J
3s
Central Pacific 1st ref gtd gold 4s_1949
1st & ref series A
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to Aug 1 1949)
f ACentral RR & Banking Co
1974
5s stamp (partial redemption )„1942
Champion Paper & Fibre deb 3s
1965
For footnotes see page
32.
38%
31
37%
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61
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100%
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.
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2
98 %
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•
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F-A
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-1972
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&
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debs_^_^.. -1965
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Crucible Steel 1st - mtge 3lbs_.___.
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__
101% 103%
/
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106% 107 %; V: *
96
96
f 5/''.
107
96
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Consolidated Edison of New
15
1031b 103%
r-A
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Cigar^ Corp 3 lbs—.; .1965
3%s
95-
95
/7
1
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97%
M-N
__
99%
M-S
94%
•*
»52%:
*81%
f-J
82
:■
J-D
*34v
,
-
54%,
40%
81
83
.„.
-iv261 V/32%-35%
!
ve; '.•;i34'lk : 37%
36
99
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v
•
j
-
92 7b
37%.
-.4
/
33%, ,.,33.lb-r34% 35
J-J
98
^
52%
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39-'•)
39
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100%'"*'',f
96
88
89%;
.
98
98
8
97"
M-N
ID
62
993k. 993k
97
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11
102% 102%
J-/;-'97'%
9^%
97
8
977b.'
97%
99
.
:/35 %'
.
36 Va
D
N
Y Lack
& Western div
1st & ref
Morris
1st
*'
32%
1973
1993
M 5s ser C
mtge due
& Essex
division
May, 1 2042
Light 3s—.—W7?
mtge & coll tr! 3 lbs—.---;—1977
Coll
tr
Delaware
4-6s
a-o
M-N
100%
91
[J
-b.-A--1'.'
100 lb 101%
21
-
101%
•TOO
3
91
91
99
96
"V
103%
J-D
M-N
*81
M-N
*54'/a
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>
5674
57%
-
&
Power
Denver & Rio
A-O
95%
90 Va
& West RR Co— >■>'• •
Delaware-, Lack
a
86
57%
•.
•
-
--
65
58
83
60
617b
547b
103
101
103
A-O
104
J-D
80%
54
■
—
.
—
Grande West RR;—
ser A (3% fixed
contingent int)
AIncome mtge ser A (4%%
1st mtge
1993
1%
20lt
contingent int)
—
& Salt Lake—
J-J
Apr
83 V4
83
83%
23
80
8474
.57
56%
57%
88
51%
58
66 lb
;. 71
Denver
Income
mtge
(3%
fixed
int)
1993
1966
Gen. & rei 3s series H_(—
—1970
Gen & ref 2%s series I1982
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4s
1995
Detroit Term & Tunnel 4y2s
1961
Edison
3%s series G
Det Tol & Ironton RR
2%s ser B__1976
—1PR1
f§ ADul Sou Shore & Atl gold 5s__.1937
Duquesne Light Co 2%s
—1977
Dow
Chemical
2.35s debs.
70
m-s
J-E
103%
M-S
96%
71
7
109
J-J
109
6
9674
72
58
J-D
lb
~1
98
58%
71.
5
102
96
81
84
977s
13
96 lb
r 8
38%
36
38
9874
9914
36
987b
87%'
99
.
6074
'
38%
96%
J-J
F-A
1037b
96
9674
M-S
J-J
109'A
102%
687b
58 lb
10014 102
M-N
21
98
*68 '/a
J-D
10
103% 10374,
108
41%
100'/a
38%
37
8
97%
101%
103% 103 %
62
102 Va
10374
96%
97%
Ed El
33
33%
Elgin Joliet & East Ry 3%s
El Paso & S'western 1st 5s
97
98%
East Tenn Va
—
31%
M-N
97
3274
3
39
*97% 101
F-A
J-J
34
54%
F-A
T
s
101 y4
1011
A-O
F-A
40
38%
34
J-J
Q-J
1974
107%
36%
39%
Q-J
1987
Power
107
*107%
A-O
1987
4s
registered
New
1966
1987
1987
M-N
A___'l. ,_1961
Pwr
Consolidated
*
99%
JCentral
Nov 1943
1017a 1021b
97%
■
|97%
33
104% 104%
1013b
A-O
Co—
L____b__
4lbs_;
River
62
100 lb
60%
100% 101
*98
104%
A-O
A-O
95
13
96
95
95%
m-s
Conn
1121b
85
101
*101%.!A._
F-A
A-O
3y4s__—1970
:
1955
El
Ohio
Sou
mtge 3s.series
Detroit
of Georgia Ry—
§ A 1st mtge 5s
SAConsol gold 5s
104'A
101
*101
100
1%, contingent
ACent Branch U P
10374
r
"101
Ry & L 1st & ref
1097b
108 %
.
107% 108
F-A
Corp
7
88
'
A-O
Commonwealth EdisOn
105
106% 107
85
J-D
Celanese
11
*111% 1121b
M-S
Carthage & Adirondack Ry—
1st mtge gtd 4s
9
108% 108%
*109 lb 110 lb
110%
v..
M-N
96
99
1121b 1121b
J-J
A-O
Guaranteed
Pac
M-N
1962
1970
5s
104% 10414
J-D
-
m-s
Elec
V
H
AIncome
5s
gold
1047b
1057b
105
—
100
1969
gold
Carolina
*~_
1957
Guaranteed
Can
J-D
1974
5s A
Ry—
Guaranteed gold 4y2s
Guaranteed
103%
•
101%
88 lb
National
Canadian
33
86
3 lbs debs—1971
1st extl gold 4s__1948
&
Gas
1980
modified)—:
(stamped
Columbus &
2%s
1975
Dayton Union Ry 3'/4s series B—1965
Deere & Co 2%s debs
—.—1965
Delaware «fe Hudson. 4s extended—1963
1976
3s
Calif Oregon Power 3 las
Canada Southern cons gtd
84'/b
103 lb 104'A
103)74
Jt J
R.v—
Dayton Pr & Lt 1st mtge
California
6474
1
62%
86
—
64%
1
11
101% 101 lb
A-O
1955
Bush Terminal 1st 4s
3 %s
Series
Consumers
81
Buffalo Rochester & Pgh
-
C
Series',D
Cleve Short
1st & ref mtge
Boston & Maine RR—
1st mtge 5s
3s_Lr
mortgage
1st
M-N
1961
274s
mtge 5s series AC
73
59%
62%
62%
;; M-N
1970
:_1982
:
Conn
Corp—
mtge
1st
9974
■
V/5
.
92
90
*120%
3s
Columbus & Tol 1st extl 4s
89
A-O
Cons
"■
77%
I
A-O
Cons
f'-
-
68
19
71
Cleveland & Pittsburgh RR—
4y2s
78
89
89
J-J
1951
3'/2s
Beneficial Indus Loan 2%s debs
Steel
70%
8
79 lb
78
78
J-J
1951
:
1st
97
70%
7074
J-J
1990
837b
82
6
'
*99
J-J
1991
4s
cpll tr gold 4s__
Cleveland Elec Blum
Columbus
Telephone of Pa 5s series C—1960
Bethlehem
1st
1st
Div
Mich
&
L Div
Columbia
v'
4s
Extension
Wab
Cin
St
837b
8374
33.7b
J-D
J-D
1977
series E
4 lbs
impt
-
1993
B.
85
A
cont int)
stamped
Creek
&
1993
.'
4s
series
Colorado & Southern
Bangor & Aroostook RR—
Beech
82
division
M 4s
56
Cleveland
—
due Dec 1 1995
income
conv
(
(2%-%- fixed
contingent interest)
J—.
gold
92%.
"92 lb-'
V
80
j-d
_1966
1961
-
108%
107
10,
108% 108 lb
F-A
99%
98.
99 Va
99%
99%
A-O
2%s—__1975
1st mtge
1st mtge 2%s ser
1st
—
due Dec 1 1995
K
Series
*
"105%
.
'
90 lb
fixed
1
%
:f. 105
103
*104% 105
M-S'
___^1962
"
104%
102%
5
104% 104%
104U
J-J
L.1952
G___'
4l'4s-series D^_
fixed
contingent interest
.v
.
City Ice & Fuel 2%s debs__b___
City Investing Co 4s debs_i
99!
87%
82
Series G
-104%
100'
roo%
86
74
74
71%
i
10174
*79
J-J
104%
77%
lol'a
102
*100
J-J
•
:.v
3!/8S series F
ser
1994
1994
__
Cihcinnati Union Terminal—
Ref
A-O
(4%
1%. contingent
90
89
_U"
*104
j-d
General
1975
July
65%
59%
5974
89 %
104
59%
Apr
JtJ
:_^_^___1'994
Chicago St L & New Orleans 5s
Gold 3%
Clhc Gas-<ft Elec
15
99
2674
99
J-J
103
.101
__
1041b
104
104
J-D
Baltimore & Ohio RR—
ser
57% V
•
Chicago Rock Island & Pacific Ry—-
Generul
4s
V
•-'*
70
53.,53%
;,r
RyT—
Western
•
mtge- conv
mtge 3s
v / 90% 103%
81
102 74 1 03%
Apr
b__Jan 1 2044
Chicago & North
„
•
4'/2s inc ser A__Jan 12019
B_
45
88"%" 89%
.
inc
ser
58
39%
63
44%
43 %
%;
)
54%.
58
56%
58
43
j-j.r
conv
1st & ref
B
mtge
-:
90
50
dbl'A .67
mtge
2ndi
115
111
Cleve Cin Chic & St Louis Ry—'
1st
73%
717b,
13"
80%
80%
80%
J-J
A___Jan 2003
A..___Jan
ser
mtge 4 lbs inc
Chicago Ind & Sou 50-year
Chic & West'n Iudiana conv
6
107% 107%
98%
35
v-
-
.
1985
Chicago Union Station—•
■
73
118%
93
91
•/' 6
.
..1963
2.% a debs_
-
.
4
L'
Ind & Louisville Ryr—
Income
100
jL
-M-N
/'
-
—_1964
Atlantic & Danville Ry 1st 4a
Second mortgage 4s
Atlantic Refining
98—-
.-*._
9814
1
-July 1952
4s
-General unified- 4%s A—
*
81
80
Nov
Line
Air
—
76
;
,
80
*__
F-A
1st
.July 1 1995
July 1 1995
374s__
Atlantic Coast 1st
,
:
A-O
I995
Charlotte
-101% 10174
__
97
/
*
Adjustment geld 4s
-Stamped 4s
Atlanta As
1986
i—
Topeka & Santa Fe—
937b
9374
—1937
—
9CT%
10414
186
93%
J-D
A-O
debentures^—
274s
8574
90%
35-
-
10374 10414
1961
A98?
.1987
.
957b
10174
'
"
debentures
947b
92%
57
2%s debentures-;
2,3As conv debentures—
"274s
98%
mtge 3%s ser B___'
1st
__1975
,_L
23/4s debentures
112
98 %
J
4%s
_1980
debentures—
111
10974
11174 11174
;i
A
111
Gen
American Telephone & Telegraph Co.-—
2%s
110%"
108
—
F-A
B_i'-b;
& Eastern IU RR—
AGen mtge inc conv 5s_
A 2d
28
10
*97 y4
117
110 lb
1
)V.
120
•,
F-A
series
3y2s_
mtge
Chicago
A 1st
COMPANIES2
'*—
115
115
'
1977
4 lbs
ref
ref
Chicago
"
*
111
Chicago & Erie 1st gold 5s__
106'/a 106 Va
J
A-O
-
j-j
Chicago Gt West 1st 4s series A.__198J
AGen inc. mtge 4lb8___
Jan 1 2038
25
104
,
t
102% 102%
A-O
&
1st
5
*20
M-N
1967
3%a
90
104
1958
&
«k
92
15
5
r-A
——1952
7s
83
88%
__
85
76
13
RAILROAD AND INDUSTRIAL
A Adriatic
80%
4
A-O
._1952
_
A4%« assented
84%
86 %
81%
58
83
F- A
82'/a
.
1985
ref mtge 2%s___^b_i_____l970
1st
1st
82'
126'/a
10074
115
126
103
1;_
■
121
j-j
gold
cons
High
*' i
•
101%
J-J
consol
i
18
4s_i___19b9
1st
Div
A
2d
„•
25
golcf 4s_j____'__i._b__d989
R <fc
•
Low
C»-
L'45
10314 104
1st
121
121
M-N
No,
103%
126%
103 %
F-AM
,
1
*.r January
•
126%
M-S
M-N
impt M'3%s series- E__i_^.:.1996
Chicago Burlington- & Quin-cy RRr—
—
1978
1984
external 7s.
((City)
-90
1992
impt mtge 3 %s D__._____i.l996
gold
Since/
Range
Sold
'
Generar 4s—
1978
,
Provinces 7s
Warsaw
r,.:
1979
conversion
3%s extl readjustment
8%
6
85
"111
M-N
-
High
<k
Ref
13%
":i3%
.
8
1979
3%-4%.-4fts extl conv_______
4-4%-4%s extl readjustment
A Venetian
7%
90
•
'
Bonds
Friday's
or
Bid & Asked
Ref A
77b
4 lb
—
readjustment
External
:-F -A
1960
——1964
6S-
External
4%
131b'
J-D
A
Sale Price
Low
'
3958
1958
ASflesia
2
35
4'/a
sec
Week's Range
Last
Period
Chesapeake & Ohio Ry—
General
external—;i
secured
A7s series B
Interest
s4.,L
¥flrk;;^tock/Ex^
High
Low
No.
.-New
,
January 1
Sold
High
B O N I)
Range Since
Bonds
Bid & Asked '
Sale Price
Li Pterfod
MARCH IS
Friday
Week's Range
or Friday's
Friday
Interest
BffNDS
BONK RECORD
FOR WEEK ENDED>
RANGE
v'.i
97
97%
"2"
5s
111
(NY)
stamped
& Ga Div
110'A
110% 110%
1958
1995
j
.
M-N
J-J
*141
1970
1st 5s
1st cons gold 5s
M-S
*103% 105 %
1S65
19«R
A-O
4-0
156%
103% 104
110%
110
156%
102
103
.
156 %
103%
105
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4681
167
Volume
NEW
YORK
RANGE
Friday
v
.
\
New
Stock Exchange
York
Last
Feriod
Sale Price
;
.
or
Friday's
Gen
,
1990
2000
mtge 2s ser H_—
1953
Divj 1st mtge -3'As
--—1971
G
„
1st cons
Ohio
■'
64%
J-J
A-O
J-J
J-J
M-S
M-S
3Vis ser F
mtge 3 Vis-ser
cons
13
High
Friday
Range Since
Soid
BONDS
January 1.
Wo.
Loio
65
64%
"93
81
36
New
York
98%
%
93 -
:
81%
4
•
3s
93
Co deb 5s
Last
Period
Sale Price
80%
1st
&
ref
M
1st &
100
96%
ref
M
Firestone
Tire
& Rub
(Florida East
•
Coast
3s deb
1961
4Vas
1st
1959
A 1st ft ref 5s series A
V
-..-A Certificates of deposit
,V Francisco Sugar coll trust 6>
303% "... 103Vi 103 %;
M-N
J-D
-
1974
101
M-S
56%';:'.;
26
102
100
101
•58
102% 102%;
23
50%
27/»s ser G
110'a
'101%,
101% 101%
13
101
1966
series F
3%s
A-O
102'a
M-S
105%
107%
A-O
107
107%
6
96
96
96%
8
95
30
84
2003*
A-O
85%
85%
85'%
1980
MS
94%
92%
94%
195S
U-*t
1972
M-N
1960
*-D
Gas ft EleC of-Berg Co cons 5s
General Realty ft Utilities
M-N
-1954
J-D
1948
J-D
*102
1031/2
103
inc
conv
Goodrich
debs
1969
a
(B F)
General
Co 1st mtge
Ry Co—
5%a series ®
General
5s
Great
MS
2%s.l965
83 %
82%
M-N
83%
99%
26
99 %
series
.1952
C_,
J-J
-
*££££1973)
J-J
General 4%s series n
Gen mtge
V 111
97 %
14
109v4
___1990
114
1J-J <•"
95%-
11.4
118%
110
114.
95%
;■
4'
95%,
,
90
16;
99%
mtge 3 Vis
ser
O
2000
J-J
*90%.
93%
88
91
Gen
mtge 2 %s
ser
P
1982
J-J
*85
92
rhGen mtge 25/a«
82%
86
ser
-76
76%
25
74
76%
95
—
91%
Gen
2010
mtge .2 Vis R$r R
Bay ft West deb ctfs A
J-J
■.
.
1061
J-J
ctfs
B
1st ft
-
Gen
1st
series B__
4s
mtge inc ,5s
ft
Gen
ref
1959
'
6%
A-O
102%
6%
15
102 %
102
3%s series
mtge inc 4s
Gulf States Util
Dx
J-J
J-J
1969
._
B—J_Jan
ser
1st
__1975
July 2015
A
ser
2%s__
M
'*
2044
96
13
*-0
6
5
71%
2
93
" '■«:
102
aj-N
94%
100
99%
M-S
*100%
1st
3
61%
117 *
56%
2
9O*/4
Valley Ry 1st 4%s
Hocking
2%a__1976
93va
A 1st
1999
Household
Hudson
Finance
Coal
1st
Corp
f
s
5s
2%s
series
1970
A
A
1st gold 5s
Manhattan 1st 5s A
&
AdJ
income
Illinois Bell
1st
gold
124
124
J-J
1962
J-D
M-N
88%
88%
1C5 %
F-A
61
A-O
105% 105%
f
J-J;
1951
91%
8
104V4
65
57%
62 %
24
204
17%
24
96%
j.j
j-j
*101v4
1st gold 3Vis
1951
A-O
1st
1951
MS
1952
A-O
1st gold
3%s_,
gold
Collateral
sterling
trust
Refunding
gold 4s
4s
Refunding
40-year
Cairo
1955
,—
Purchased lines 3%s
Collateral trust gold
,
M-JV
1952
4s
5s
1955
x
4Vis
1950
.,
M-JV
-
Div 1st gold 3s
1951
Louisville Div ft Term gold 3%s_1953
Div
8t Louis
Gold
1st
Div
gold 3s
ft Term
Springfield
Western
Div
1st
Lines
1st
gold
gold
3%s
Registered
111
Cent
.and
Joint
1st
ft
ref
1951
j-j
5s series
*102
f-A
4%s
series
A
4s ser D,__
Illinois Terminal Ry 4s ser
Indiana 111 ft Iowa
1st
Adjustment
A 1st
5s
series
James Frankl
ft
Jersey Central
831/4
1st- mtge
4s
J-D
82%
81%
82'%
3?-;
60
Koppers
Co
1st
(AKreuger ft
mtge
"86
90
Toll
5s
J-J
.
56%
'■
3 %s
Nitrate
1st mtge
Co
Lehigh Coal ft
Navigation
1st
ft ref
5s
1st
ft
5s
ref
1956
A-O
M-JV
79
74%
78
590
72
78%
21%
22%
161
181%
27%
a-o
77%
75
78
320
71%
79
F-A
77%-
75
78%
134
71%
62%
62%
263
61V4
GVA
•-
5s
fund
5s
88%
-
77
82'%
95
•"•••••
—
85'a
48%
54%
54
12
62
80
61
101
50
58v4
54
N
/
77%
77%
6
75%
971/4
15
95%
1990
A-O
1970-
J-D
1950
A-O
302%
102% 102%
A-O
100%
100
iii%
13.1% 111%
97
97
99%
99%
3
lOO'/i
A-O
1964
A-O
if-*
3
3,
21
93
99%
103
96%
N
100%
97%
100%
47'%
44
97
112
D*«
A-O
&
27
Y
1st
fund
5s
1964
F-A
Term
gtd 5s
F-A
F-A
F-A i
1954
F-A
4s registered
stamped
1
1%
M-N
2003
M-N
2003
registered
M-N
stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_195L
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s_l
1951
Little Miami
gen
4s series
A
M-N
ALombard Electric 7s series A__
1952
4s
gold 4s
stamped
For
footnotes see page 32.
83%
91%
❖- 94
32
92
95
95
96
__
Y
Y
Telephone
Ref
mtge
82%
85
AGen
60
64%
Norfolk &
4
67
71%
North
28%
34
Northern
28%
31
29%
36
30%
31%
38
39'a
16
38
42
70'a
11
67
72 %
&
4s
3s
lien
84 %
78%
.03
.
85
91
—
——
84%
80 Va
63
67%
64
64%
88
70
70
70%
124
66%
72%
76 3a
76%
77%,
69
74'a
79%
12
J-J
80
80
80 %
79%
82
J-J
76'%
76
76%
8
76
78
F-A
c2'%
62%
62%
18
62
65
v
*58%
F-A
■
F-A
„•
61%
'
F-A
>53
J-D
92%
*"
67
62
62%
9
92%
A-O
*85
88
98%
98%
91
94
81%
86%
1
82%
89
11
88
F-A
98 va
Jf-N
—
63
57%
2
.
96%
99%
90
A-O
«#T
62
60
57'a
66%
:
*101 va 104'a
—
--
J-J
J-J
98%
98%
72
72%
/
"3
98%
731/4
59
*79%
82
—
66%
—
67
98%
100
70 "a
74
76%
81
A-O
66 %
13
66
72
M-N
10'%
10
10%
78
10
12'a
J-J
61%
61'a
62%
297
61'a
67%
May
33'/2
33%
34%
424
31
Jf-N
IOOV4
>
Ref
&
&
&
Coll
trust
18
34
101%
101%
102%
3 01%
102
1977-
A-O
61
61
«■
j-j
J-J
100 v4
8
3
10
,
.
95%
62
60%
4%
98
.
65
'99
106% 106%
7
'
J-J
35%
98%
*97% IOOV4
32%
r-A
105
106%
14
31a
8
12%
n
2
32%
74
77
9
93%
96%
36
31%
1943
Jf-N?
77
77
D
19R2
98%
96%
*_'__11978
E_
ser
conv
1st
4%S
inc
Northern
104
104%
22'
104
■
9%.
104%
2014
A-O
A-O
1974
25
108%
4
55%
34
49
127% 127%
13
127
128'%
109%
109%
54
i27%
M-S
1974
10'a
108
M-S
M-S
*110
116
*103
106%
12
108%
56%
101 %
128
101V4 101%
73
99
102
1997
-
97%
971%
4
96%
63 V*
62%
63%
37
61%
67V4
Q-A
60%
63%
2047
2047
2047
J-J
98
*61
90 %
63'%
90
90%
10
8 7 'a
91%
J-J
93%
94j%
16
92
9t'%
J-J
841/4
94%
6
92%
97
100%
83
97 Va
.1975
M-S
1974
F-A
1978
A-O
100%
100
101'%
Co—
mtge 2%s
1st mtge 2%s—
mtge
97va
Q-F
2047
Power
Q-J
Jan 1 2047
4%s
1st
104
10
198P
1997
1st
(Wise)
F-A
'
Railway—
3s
States
(Minn)
T-T
1946
1st gold 4s_1996
4%s series A
impt 5s series C
impt 5s series D
Ref
101%
-
5s
impt
Ref
110
100 vb 1001/4
12%.
registered
121
2
1
64 %
12%
registered
General
111%
17
"l
F-A
gen
Pacific
110%
a
:a
1940
lien 4s
Prior
121
10.1.1a 101.IS
101 ss 101 §1.
.
gtd 4s—.1993
& ref 5s
ref 4%s series A
1
18
87
mtge 2%s_1975
ser
Western Ry
8
v
3%s
Central
121
18
87'a
6
2%s
Gas
2%s
mtge 5s
28
Gen
*105
113
47
Niagara Falls Power 3%s
Norfolk Southern Ry Co—r-.
121
—
86
'
110% 111
Jtf-8
.
Light'1st
Elec.ft
321
V
31%
8%
t§ AN Y West & Bost
a S
81
3'/4
86
70 'a
__
84'
79
'
84 %
3 Va
8'5 %
74
87%
80%
8
85 %
31
102%
81
'
M-S
84
*29
4
MS
83
53
4
80%
J-D
86%
31
82%
85
103
100%
11
1955
86%
29'%
101
1021/2
▲-0
June 1992....
x
§ AGeneral gold 5s
§ATerminal 1st gold
N
30'a
100
100
:.-ioi%
A-O
1957
*74
29%
101'A
101
F-A
Jf-N
Steam Corp 1st 3 %Ba.
1963
(N Y Susquehanna & Western RR—
§ 1st refunding 5s
1937
§A2d gold 4%s
1937
110%
J-D
1949
1940
96%
28%
81
Jf-N
1940
—T
Putnam.: 1st cons
A-O
vr
6s
4s
&
A-O
-
1949
ref
8
*26
a-O
1962
Long Island unified 4s
Guaranteed
29
M-N
5s
State
88
*
82%
A~-b
1954
&
N
64%
117%
100/"
90
102'a 102%
/
*81%
1973
A
N: Y
65
100
105%
.•
115%
RRr—
4s
Y Power
86%
71
2
11
*103v4 107%
F-A
2013
2013
4s
(AN Y Ont &:West refs 4s
96
63%
104
19
101%
*102% 103
A-O
ref
ft
1st
88%
70
97
(AHarlem River ft Port Chester—
101
82%
*83
64
—
2003
modified
'
4%s
.
*__
If-8
1973
series
4s
*64
1964 '
104
•
B
*64
1974
fund 5s
101
—
176
99%
12
961/0
97
117V4 117V4
F-A
*
-971/4
27
*54
104
101
J-J
mtge 4s ser A
2007
A Gen mtge conv inc 4%s ser A-2022
94
*54
97
104%
RR Co—
West
&
series
A Debenture
86 %
"
85%
97V2/- 901/4
102 7/8
'
A
§ ACollateral. trust
45
97%
92
f-A
62
*96'/4
J-J
Shore coll
Lack
87
—
30
(N Y New Haven & Harford RR—
94,
87%
84 %
99V4
*100
J-J
^.1954
112 Va
170
1%
86%
*102
F-A
>
1956
971/4
6
99
MS
deposit
of
& Hudson River
Central
Y
86 %
F-A
,
Lehigh Valley Ry Co NY 4V2s ext_1950
Lehigh Valley RR—
4s stamped modified
2003
4,%s
94
88% V 90%
99
impt 4%s series A
impt 5s series Q
&
N. Y
J-D
1974
sink
Harbor
j-d
1954
stamped
Val
1997
91'A
103% 103%
80%
112 %
1001/4.100 %
*85%
103:
deposit
of
series
4s
4%s
-
98
1%
98%
102%
110'%
*168% 172
100%
*89%
J-D
3%s
1997 ;
registered
1997
gold 3%s
1998
3%s registered
1998
Mich Cent coll gold 3%s
.—1998
3%s registered
-1998
New York Chicago & St Louis—
Ref mtge 3'As ser E
.1980 1st mtge 3s ser F
1986
N Y Connecting RR 27/8s ser B—1975 N Y Dock 1st gold 4s
;—,—1951
N Y & Harlem gold 3%S—
2000
Mtge 4s series A
2043
Mtge 4s series B
2043
97
1
971%
*93
94%
3
*112%
J-J
72%
Jf-N
3%s
971/4
97
78 Va
64%
J-D
-.195®
series A
v
Certificates of depo.sit
Lake
81%
96'%
*42'/4
59%
68%
65
J-D
General mtge
-
MS
j-j
54%
41
70%
A-O
—
5V2S
Ref
101%
J-J
10
75%.
69
deposit
of
series D
4%s
Ref
63%
2
_1961
57%
74 Va
J-D
,1952,
.1953Texas & Mexico Ry--
York Central
New
25%
12
98
56%
69%
F-A
Great Nor 5s A;
1983
Northeastern RR—
Certificates
A 1st
851/4
J-D
<
56%
74%
If-8
1986
-1974
RR g'd 1st 4s
Certificates
A 1st
100%
52 %
J-J
102
M-N
A-O
1st 5s series B
A
20
1961
641/2
99%
_2
99%
103
J-D
4%s series A—
Orleans Term 1st gtd 4s.-,;
97
54
A-O
99%
79
101%
Orleans &
A
67
J-J
104 '/4
M-N
cons
Power ft Light 3s
Jersey
88
57
1987
*103
M-N
debentures
Ref & Imp
95
81'a
1970
1954
sink
Gas
Consol
J Junction
a
23 3i
1974
:f-a
1966
Louis—
A 1st 5s series C
54%
101% 101%
99%
M-S
3s ser B
(New Orleans
1959
1970
*
78'%
1973
21%
101%
61%
J-J
1944
1972
1978
stamped
1st ft ref
Leh
sink
stamped
71%
77%
101
•
100
Co
S F mtge 3 %s scr A
Lehigh. Valley Coal Co—
196
,
Jf-N
New
52'a- 54
54
Ltd—
income reg
78%
773/4
M-N
New Orleans
53.
J-J
1997'
registered
Lautaro
A
Sou gold 3 Vis
64
75
1965
F-A
1978
A General
ft Mich
47
ref 5s series G;
N
Lake Sh
199
39'
100
21%
A-O
1959
ctfs
64
64
71%
Cons
1997
.
65%
56%
a-o
30'A
A
J-D
1961-
3s
64
61'A
%
114
100
'
102
27
*100'% 102
196]
unguaranteed
61
7 ;
ACeiMficates
90%
1975
Kings County El L ft P 6s
1
64
438
New
101
89%
July 1952
Plain
4%s
62%
64
78%
N
97
.;>•
*100
J-J
A
ser
62%
D
35%
New
1950
Kansas City Terminal lty 23/4s
Kentucky Central gold 4s
Kentucky ft Indiana Term 4%a
Stamped
75
J-J
J-J
B
series
75
100 »/4
102
gold 4s
City Southern Ry 1st 3s
71 Va
33%
100
K
Kansas
12
78
3s
__
4
1st gtd gold 4a
Kansas City Power ft Light 23/4»
73%
341/a
991/4
105
2
Kanawha & Mich
72%'
4s
& ref 5s
97
971
78
2%s
72%
5s—,.—1948
New England Tel & Tel 5s A
1952
1st gtd 4 %s- series B_.
—1961
105%
77
95'a
4
:a 95
1st 4s
103'a
i v 103'%
102'%
__
90%
1956
Clear
J-J
RR—
MS
MS
——
78
Pow ft St
73
1962
91%
1977
'
95
gold 5s series C
JAInternat Hydro-Elec deb 6s
Rys Cent Amer 1st 5s B
991%
.,•98
49
J-D
Int
56%
68%
Newark
J-J
B
92
50 Va
37
101
1970
A 1st
90
33
72
95 «■'
1963
A
13
55%
10
A
series
6s
91%
55
101
49
'
■'
J-D
Ry Co—
Ref ft Imp 2%s ser C
1986
(International Great Northern RR—
A 1st. Gs series A
1952
A
91%
70%
J-J
series F:
1.
Indianapolis Union
101
55
98'%
f
2
1963
C
57
98%
71
Nashville Chattanooga & St
■
1
48
1963
1st ref mtge
■l\a
100
*93
"'-4
:
Chic St L & N O—
1st ref
96%
98v2 100%
1951
4s
,{t
80'a
*160%
96
51
5
J-D
4%s
1st mtge
■i.
31
-■
101'a
*91% 109'a
J-J
51
51%
*100% 101
A-O
J-J
——
:■
__
*100%
F-A*
01%
106'%
96
A-O
--—1986
National Dairy Products 2%s debs_1970
National Steel Corp 1st mtge 38—1905
National Supply- 2%s debs
1967'
ANaugatuck RR 1st gold 4s
—1954
103 va
100
MS
1958
—2000
1955
Constr M 4 %s series B
1955
Mountain States Tel & Tel 2%s—1988.'
'
79
J-J
1951
101
*--
J-J
1951
:
•
104% 105
79%.
J-J
1951
gold 3s
3%s
105
F-A
100
bU
103
100%
'
--
'/•••
99% 1003,b
96'a
J-D
Litchfield
Omaha
96%
104V4
97%
103
•■'
-
100%
*100
M-JV
-
1966
Bridge gold 4s
•
99%;
J-J
1953
160
300
—
99%
~8
105%
N
*101'%
3s
95
*101% 103
1951
Extended
11
105
1990
Monongahela Ry 3%s series B
Morrell (John) & Co 3s debs
Morris & Essex 1st gtd 3%s
Constr M 5s- series A<
105'%
61
96'a
RR—
4s
88
22%
22%
1981
96
63-
105%
12
90
gold 5%s ser A
1949
A 1st & ref gold 5s series H
1980
A 1st & ref 5s series I
1981
Moh'k & Malone 1st gtd gold 4s—1991
124
94%
iuu'/4
100%, 100%
__
*83'%"
MS
AConv
95%
60
_1957
Telep 2%s series A
89 %
119%
5
95 %
94%
5
124
95 %
Feb 1957
5s
Illinois Central
J-J
1949
Hudson Co Gas
Hudson
-<■
5
98
yy%
19
100%
Jan 1971
Jan 1991
ref 5s series A-
&
A 1st &
95%
99%
99%
1st 4s;
series
4s
lien
Prior
95
95%
96 'A
98
4.
99% 100
j-j
1962
11978
ACum adjust 5s series A—Jan 1967,
(Missouri Pacific RR Co-—
40-year
A 1st
MS
Jf-N:
1940
5s series A
Prior lien
H
1st mtge
94%
100
Inc ser A
inc ser A
4'%s
mtge 4s
A General
Hackensack Water
1951
—:
Missouri-Kansas Texas
61%
94%
3%s
mtge
A Gen
71%
93%
94 %
3%s
1955
1979
Michigan Cons Gas 1st mtge 3%s.l909
1st; mtge 27/aS—
_—,—:_196i
gold
Ref: &. impt 4%s series, G.'ua
Mo Kansas & Texas
v4
60%
01
M-N
a-o
86
78
97%,
*98
71"
98
84%
19
*96%
99%
68
97
Minn fit Paul 61 Sault Ste Marie—
97%
,
68%
15
86
*23
Minnesota Mining & Mfg 2%s___.1967
"7%
100%
85%
M-N
92%
V2
85%
J-D
1972
tSAMidland of N J 1st ext 5s
93%
Apr
1976
97%
71%
•
96%
109%
99
69%
97%
J-J
__
Ohio RR—
&
ref
*57
Feb
Greyhound Corp 3s debs
Gulf Mobile
*93%
Feb
A Green
^Debentures
76%/.
68%
_1966
1st
Gen
;
87
109%
*99% 100
68 %
M-N
Jack Lans & Sag
J
97
'
97'%
92%
Michigan C"tral—
112
*118% 122
J-J
3 %s seF N.
.
6
*116% 118
Metropolitan Edison 1st mtge 27/«s_1974
Metrop Wat Sew ft Drain 5 Vis—1950
83%
116
111%
B
May Dept Stores 2%s debs
Corp lst> mtge 3s
15
Northern
4s ser
Mead
103
81 %
& can
mtge
A
ser
Manati Sugar 4s sink fund__Feb 11957
AManila.RR (Southern Lines) 4s__1950
Corp—
A4s
Central RR 4%s
Maine
1st
102%
,
M
ft Co 2%s debsx
(RH)
Macy
62%
M-S
1958
High
109
2003
Elec
3
104
5
'
101
55,%; 57%
Low
110% 110%
P
.
January I
No.
110%
Bt Louis Div 2d gold 3s
96%
Range Since
Sold
F-A
Atl Knox ft Cine Div 4s
*98
Bonds
High
1963.
3%s„
Louisville ft Nashville RR—
82
80
Friday's
or
Bid & Asked
1951
debentures.
Louisville Gas ft
'
■
Week's Range
Interest
Exchange
Low
68%
81
jbi%
*95
Stock
High
643/4.
31
RECORD
MARCH
Lorillard! (P)
inc 4%s ser A-—Jan 2015
mtge3V4S ser E
1964
1st cons mtge
1st
ENDED
Co—
mtge
1st cons
Bonds
Bid & Asked
Low
Erie Railroad
BOND
WEEK
Week's Range
Interest
BONDS
■
FOR
(1171)
2%8t_
.1977
i.r*
*95
96%
,98
96%
971/4
,*94%
95 %
17
95
96%
96%
FINANCIAL CHRONICLE
THE COMMERCIAL &
(1172)
BOND
YORK
NEW
RECORD
ENDED MARCH
FOR WEEK
RANGE
Intereet
East
Period
Sale Price
Friday
Bonds
January 1
Low
No.
High
BONDS
Range Since
Sold
Friday's
or
Bid & Asked
Low
New
1979
F-A
A_1960
11
6
10 y8
99% 100
10
98%
10%
US
A-O
99%
Union
lit
re!
k
38
series
2%s
debs
1971
95 V4
95
95
A-O
104
15
debentures
3s
95 y2
103 Va
104 Va
98
104
2%s
2%s
:
debentures
Indiana
Jty 3V4s
Pacific
J-D
4%s
J—
J-D
1970
101% 101%
107%
Gold
63
101
94%
90
90 »/2
60
87%
72
87%
84%
101%
San Fr Term
Southern
-1981
1st
92%
89 Vi
100
101
80
*100'/8 101 Vi
J-D
mtg 3%a aer A-1971
83
Co—
RR
Pacific
87
877%
MS
101%101%
5
100
102
L
1974
J-D
101%
101%101%
16
100
101%
1st
mtge 27/8s ser E
81
197#
J-D
101
101
101 v»
9
99%
101 Vt
1st
mtge 2%s series P—
1999
1996
J-J
M
J-J
77
k
re!
3s
series
N
_1977
J-D
101% 101%
1
99%
101%
1st
mtge 2%s ser G—
1961
J-J
95%
95%
9
94 y4
96 V4
97%
98
6
97
98%
.1994
J-J
.1956
A-O
re!
K
series
3s
series
series
2% a
P
series
J-D
1971
1981
J-D
1980
Q_~
Southern
92%
92%
4
91%
94%
1st cons gold 81—
4s series
Devel & gen 6s series jA.
95 y2
98
J-D
Tel
k
Tel
2%s
debs
1989
95%
4
94%
96%
Devel
10
100%
102%
T
102%
102%
118
35%
J-D
debentures
1989
A-O
3 Via
debentures
:—1987
Pennsylvania-Central
3%a
inc
conv
95 y2
101
A-O
J-J
.
100% 101
"•
/
_
,'103
Gtd
4a
aeries
trust
ctfs
Sand
ft
46
43%
45
A-O
_1992
3Vis
Light
4a
„
•
Standard Oil
46
*103 y2
99%
99%
22
98%
99%:
7
—
99%
1979
A-O
A-O
1949
M-W
100
100
8
1948
MS
100
100 ai
2
97%
100 372
10015
100 372
101%
112
<
113%
U
.
113y8
113
113%
23
J-D
100%
100% 101 Vi
90
99%
103%
i
General Be series
.1968
J-D
106%
106 Vi
19
104%
i.
T981
A-O
95 Vi
B___
D
E
1984
Conv deb 3 Via
Gan mtge 3Vis ser F__
Peoria Ik Eastern 4s ext:
95
93
28
94
110%
99%
95 y8
95 Vi
18
94
V 99 Ya
99
99 Vi
44
97%
12
J-J
—-1952
A-O
107
,
JS
80%
81
A-O
60 V'b
60 y8
Apr
20%
10
—Apr 1990
81
99
«J 76»
Pacific
tr
1974
J-J
1961
M-N
1937
Third
106
A
<
100%
Erie 2%s—1996
Louis Ry—
98%
5
97 y4
.
98 *
97%
97 Vi
10%
10%
17
100
100%
Ave Ry
95%
1st
.1961
J-D
j-1979
MS
ZZ'*
102
U S
102
102
111
J-D
J-J
A-O
3%s_196^
J-D
98%
14
103%
108
15
103% 104
103%
J-D
104%
104
A-O
103%
108
99
99
74
72
75
39
72
83
50
44
51
451
42%
61%
98 Va
98 Va
2
98%
99%
95
95s/8
2%s debs—1961
*97
1971
M-E
tr 2Vis
dab
1976
A-O
1967
J-J
99
1
100 y4
k
*102
1970
RR—
98 V2
debentures
84%
A-O
~
103
M-E
10
103
103%
102%
1
101 y4
101% 101%
101
1st
101%
5
101%
,
80
J-D
A-O
*75%
86
1900
A-O
79 %
80
80
80
*100
w--—:
116
Gen mtge Inc
117
100
Ward
105%
8%
9'/b
90
k
*103 5/4 104
103
103%
*141
142'/4
—
—
%
J-J
Jan 1091
Jan 1901
Ap*
Apr
Inc aer A, ...
4V4i aer B
M-R
35 %
j
M-E
*__
us
*105%
*106
1
i105
83%
102 Vi
25-year
Shore
"3
*7%
J-J
J-J
7%
1
7%
104
8%
7 %
'107%
.
_
•■).
4 '
11
•
2022
Loula-Boutbwestern Ry—
1' Bt Paul ft Duluth lat cons gold 41-1961
Bt Paul Union
Depot 3%s B
1971
Scioto V ft N E lat gtd 4s
1999
r'r
.••'*75
J-J
,
JS
80%
May
54 VB
104
J-J
J-J
79'/b
,
A-O
1st 4a bond certificates——"—1989
2d 4s Ine bond ctfs——-Nov-1989
Gen ft ref gold 5s series A_-_—.1990
,96
'
J-J
107%,v
1st
3V4s
mtge
7Vb
8%
7%
ser
9%
*
89%
%"v 81 %
■53% :54%
80
It02%
95 V*
'
98
.' *
*101
.
142
•
80
260
51%
99%
<184 Vi
97
35
•"
.
47%
•
,"
107
107
v
>;'.
•',.100
100
Public
Power
09
100
■V. 99% 100
100
99%
99'/b
134
95
96
100
90 y4
83
88%
80%
90l/4
100% 100%
*15
99%
101 Va
98%
<1
97%
98%
62%-
63'/a
69
59
61 Va
13
57%
MS
103
MS
'
•'
103
US
94%
95
>,103 :
A-O
J-J
*109
:
:;j-J,,-V.'VT;;,;73%
3US-f<y^
•>—
5
•
,
•v
,;I
.
•
31% -34 • \
94
103%
111% 111%
522
51
'"•:64tT;v75%:.%
030
v''*95 '
*103% 104%
73
-
19%
V
34%
30
s
30
93
''
■
'i
»
95 Va
•
>
jmj
Service 3Vi»
1
96
101%
74 «/4
*
96 y4
.93%
y ;■<
-
61%
;
103
t.
72%
13
63%
103%
"71
.
:
■
>!
95%
95
J-J
15
95
96
103
v.:*"','1'
J-D
2%eJ—il979
^1971
109
97
111
87
*•63%
M-3
J-D
107
106 %
97%-
.
89V4.
100%v.
J-Jv
.1960
109
105%
94 Va
Vb
,-96 J,
••
M-5
1947
108
23
■
60%
JS
JL969
101
2
4
V'b
,i
54
98%
M-N
1992
105%
47%
983/b 100 "
*-•
US
,-1951
1971
2361
2361
^1949
90Va
103
•
•>"T0a-rlO8%
May
.1960
85
iOQ'y108 Vi 108
107
97 Vi
1
6
>
;•
;47%.-- ;49
,
78 V4 >r
94
94 V2
12
105 Vi
105
•
85
79%
75%
90%
97 Vb
>
1
74
7"
11
•:
,
103
1
* 104
:
;
J
*
■
^
I-
Tonkers Elec
tt' ft Pewer 2%e
104
*
18
98%
84
%
15
80%
84%
97 Vi
78
89%
97%
101
101
1986
100%
sej A_
Jan 2016
ft Sons 2%s——1961
63%
63 y8
64
27
61 y2
68%
93%
93%
94
11
92 V2
94
25
98%
.
J-J
*92%
94%
82%
92%
a
Deferred
delivery
101
sale not included in the year's range, - d Ex-interest:
e Oddilbt"iSali!nmt
n Under-the^rule* sale not Included iir* the year's range,
r Cash sale
y Ex-coupon. > .
Included in the year's range,
included
In
the
.
j
«:'• ^Negotiability
tThe price represented is the dollar quotation per
Accrued interest payable at the exchange rate of $4.8484.
impaired by maturity.
'JCompanles reported as being in bankruptcy,- receivership,i or reorganized under
the Bankruptcy Act, .or securities assumed by such companies. •< "
♦Friday's bid and asked prices; no sales being transacted during current week.
ABonds
|
>
year's range,
pound unit of. bonds.
100 v* 101
-
104
*127
102
1976
55%
Co—
95
79%
•
let mtge 4a aer A
AGen mtge 4%s
Electric
Wisconsin
J-D
US
75%
*
97Ve
A-O
tWlsconsin Centiml Ry
.1949
IA 1st -genera,! 4s:
A Certificates of deposit
| ASu ft Du div ft term lat 4a___193d
A Certificates of deposit
*
not
A-O
76 VB
.75 y2
84%
*95
84
96 Vb
96 Vb
79%,
,1
99%
76
J-J
-
%
99
96 V4
*94
J-D '
.1990
D
1st mortgage 3au
Winston-Salem S B lat ,4a,,....:
,105
'
79 y«
98 V4
98 y2
F-A
Wheeling Steel "3 Vis series C_—1970
-
Wisconsin
M-J
guaranteed
Registered —.—
Wheeling ft Lake Erie RR 4a
Gen & ref M 2%s series A
•
•
98
.•
J-D
.1951
4s
1st
Wilson ft Co
V.
105
Telegraph Co—
gold. 5s
JU-yctU
oa
— '
30-year 5s _u„„
*
Westinghouse El" ft Mfg;2ViB^
2%s debentures
—
r
100
-
(subordinated)
Western Union
102%
—*
99 %
104%
...
75%
M-N
.
85%
102Vi
76
M-N
Maryland lat 4a^_
i.j.t.1952
Western Pacific 4V2s inc A—^Jah 2014
99 V4
85 y2
1051
98%
94%
20
98 V4
101
98 y2
Apr
Western
,
us
-
3%a-lfl76
'
US
A—Jan
98%
—
*—
F-A
145
98%
99
4
ser
97
98 y2
A-O
US
Rocky Mt ft P 5s stpd
1955
Bt Louis-Sen Francisco
Ry Co—
1st mtge 4s aeries A_—
—^1997
90
r
,
——
Bt L.
97 Vi
90
*100
"
MS
1970
220
.
-
97 V4
97%
A-O
Washington Terminal 2%a eer A—1970 Westchester Ltg- 5s Stpd gtd—,
i_1950 Gen mtge 3 V2s
—1967 *'
West Penn Power 3%s series I—_1968
11
107
1973
1971*
92 V*
96 Vi
104% 105
1998
Baking Co—
.BVia debs
90
106%
*105%
—.1996 *
91
*105
Warren RR 1st ref gtd gold 3%Bw-2000
95
1969
__—1996
5
*100%
M-8
—
9 Vb
.
series
91%
M-8
1st mtge 3%s ser B —
-...
1971
Walker <HiraAi) G ft W 2%s deb«_1966 *
:
100%
105
.4
105% 105%
.
-2037
Bt Lawr k Adlr 1st
gold 5s_J
2d gold 6a
91 v4
96
90
2003
1959
Walworth Co conv debenturae
1951
SARut-Canadian 4a stpd_
s—1949
IIARutland RR 4Via stamped—-1941
99%
(87 y2
10
*__
F-A
v,
*102
—-1967
96%
33
99%
W
100
100
102
*106%
—-1969
4
90
97
91%
'
J-J
5s
cons
Wabash RR Co—
*100% 101
105 Vi
1967
""
M-N
88
*118%
,1977
99 y4
88
■-
D
%
88
81%
79 Vi
18
*U7
-Geo mtge 3 Vis series H
Geo mtga 3%a aeries 1
Gen mtga 3Via aeries. J
98
89%
M-8
1998
1957
103%
97
90
A-O
_19M
3Via
98l/d
*
101
99
99 Va
,
M-N
1967
Virginian Ry 3s ser B
Gen mtge 4s
Rochester Gas ft Elec Corp—
A-O
i
Va & Southwest 1st gtd ,8s
103 y2
101 Vi 101%
J-D
J-D
Reading Oo lat Ik ref 3 Via aer D—1999
Eefera Copper ft Brass
3Vi8
1964
MS
1966
1978
series B
Cons s f 4s
87%
103
103
103
J-J
1964
F-A
1991
96
—
*98%
108
107
—
*97%
103 % 103 Va
J-D
1976
*108V8
103%
>.*.
Virginia Electric Sc Power Co—
1st & ref mtge 2%s aer E
1979
Va Iron Coal & Coke lat gold 5b__ 1949
R
Seagram (Joa E)
99
MS
Fandalia RR cons g 4a series A
,
2037
RR
98 Vi
96
—
MS
2%s deba
Rubber
West
Air Line
90%
124
109
111%
.1999
9uk«r Oata 3%s deb
Seaboard
94%
94
89
90V2
122 Va 122 Va
1st gold 5s—1949
Funding & real estate 4ViS—
-
16
92%
94
•
*88
■ ■
95%
J-J
3%«
Calif 3a
of
Universal Pictures
*
St
121%
116%
111%
109
8
C__
4%s
12
L-
_J
mtge 2y2s series C__
Ref
•
A 2nd mtge inc
104%
94
A-O
J-D
debentures
2%s
*108'% 112
.—:.19BI
3 A Providence
Securities 4s.
J A Providence
Terminal 4s_—.
Public Service El ft Gaa
3%a~
1st Ik ref mtge 3s.
..
99%
103 %
A-O
2000
1999
debentures
2%s
110
111
111
F-A
B_
8s
97 %
32
98 »/4
104
104 Vb
*103
F-A
1964
1st * re!
mtge 5a
1st Ik ref
mtge 8s
Oil
2%s
95%
94%
104% 105%
105%
MS
.
—___
Saguenay Power
M-E
of Mo 3%s
Co
coll
mtge ft
Union Pacific
-
Ashtabula
aeries
v: 114%
"'A
1
;
Pacific—
1st ref 4a
Electric
Union
11%
101
101%
*100
,
mtge 4Via
4
98%
.104V2
98%'
•
.
1990
Adj income 5s
Union
13 f
9
*95 y4
1st gen 4Via series
DJ——
Gen
114% 114%
100
97
98%,
98%
24
10 Vi
100% 101
100%
APtttaton Co BVia me a*b
Potomac El Pwr 1st
mtge 3 % s
!*♦
mnrt«a*W 3%S-___ '
:
1st mtge 3s
v
97%
A-O
■
Tol ft Ohio Cent ref Ik impt
99%
97
97%
*96%
*102
1963
1st mtge 4 Via
aeries A
1st mtga 4Via
scrips B
1st mtga 4Via series C
•
6
97%
98 Vi
J-J
J-J
United Biscuit 2%$ deba
1957
Pittsburgh Consolidation Coal—
3Vis debentures
—196B
Pittsburgh Steel 1st mtge 4%s_—1950
1st mtga 4Via series
Bl—
—1950
Pittsburgh k West Virginia Ry
series
98
45
F-A
__1960
Plttab Ooks k Chem 1st
mtge 3Vis_1964
8s
17
y2 100
99
i J-D
.
1963
Cons gtd 4Vis aeries
J
gen
94%
"92 V'a
107%
98%
98 %
99%
F-A
Pgh Cms Chicago & St Louis
RR—
Gen mtgs 9s series
A__—.——1970
Gen mtge 9s series B
1979
Gen mtge 3Vis ser E
.—-1979
1st
52
102
106%
105%
36
J-J
-1949
Cons gtd 4s series F
Cons gtd 4s series GCons gtd 4s series H
Cons gtd 4Vis series I
k
105
10)%
*8 y2
gtd 3Via series E_„
aeries
106%
J-D
II~1964
1st gen 4a aeries A
96
50
100 V*
941/4
*96
J-J
.
<■'
28
93%
94 Vi
p-a
:
55
101%
*101
*
1974
1960
»—Jan 1960
w
Term RR of New Orl
;
106%: 107%
M-N
1981
Youngstown
105 %
J-D
1974
raf 2%s
ft ref 2%s
let gen 6s
103%
93%
f
U
tlAPhlllpplne Ry 1st s f 4s_.
A Certificates
of deposit
Phillips Petroleum 2%s debs_.
Plttl
106
102 Vi
5
96
121%
*112
*
.
J-J
1967
lat ft
Pittsburg Bessemer ft L
Pgh Cine Chicago ft St
103%
5
95 %
*50%
Co—
lat ft ref 2%a
1st ft ref 2%a
lat
F-A
1977
4V4s—
1971
Electric
1
103% 103%
Apr
.3019
gold 6a
1st
Pacific-Missouri
Texas
23
103
3Vis WW* C
aer
M
m
Trl-Continental Corp
General 5s series B_„
Oeneral gold 4%s series C—
coil
111%
103% 103%
.1968
-
Gen & ref M 3%s aer E
84
57
9lJ% 100%
100%
MS
Texas &
,
61%
4
103
103
r-A
ref
OO TCI
ft
Trenton Gas ft Elec
Philadelphia
;
1st ft ref M 3%a aer B—
,
59%
18%
1
20%
Peoria k Pekln Union
Ry 5 %s—-1974
Pare Marquette
Ry 3%s ser D
1980
Co
108 Vi
Orleans RR—
ft' New
Texas
151/
1st
100
80
-1989
-I960
A Income 4s
8
95%
MS
1971
1966
1971
Ref ft imp M 4s aer C
Ref ft imp 2 % s aerlaa D—
Texas. Corp 3s deb—
>
r-A
series
107 Vi
109% 109%
103%
J-J
Terminal RR Assn of St Levis—
dollar
series
105
109%
A-O
:
94%
9iy2
5
»/
deb )%■
(N J)
58
99%
sinking fund 4Via-——-^1960
General 4Vis series A__
1968
Philadelphia
«
116%
112 y8
20
92%
91%
106% 107
100
99
1965
Cons
mtge 4%s
■
78%
91%
Co—
gold 4s__
Oeneral 4%a
—«
76 Vi
90
112% 112%
91%
J-J
1961
2Via daba—1966
of Calif
8unray Oil Corp 2%s deha
Swift ft Co 2%s debs
103 y4
J-D
1960
106%
105%
2
,105% 105%
MS
RR—
atari stamped
Gen
1996
77%
94 Vi
77
112%
A-O
„
81
81
*91%
A-O
1968
Bell Tel 2Vis debs—-1988
2Via
Standard Oil
E
.1956
gen
ASpokane Internat 1st gold 4Vis—2013
1960
3s a f debentures
Conaol
&
Southwestern
southwestern
Airlines—
debs
Pennsylvania Glass
Pennsylvania Power
1st mtgs 3s
Pennsylvania
gen
w.
102 % 102 %
US
Ry
ft
6%s series A.
Memphis Div 1st gold 5a
St Louis Div 1st gold 4a.
Pennsylvania Co—
-
96%
95
89l/4
series
3s
s f gold 4%s
1959
Patoraon 4k Passaic G ft E cons 5s_1949
•*
96
82%
94%
3s
Paducah 4k 111 1st
c
81
90 y4
re!
2%s
I
3
94%
4Vis
Devel
t.
81
MS
re!
re!
1st k
r
95%
MS
k
Pacific
;
91 y8
5
100%
-1977
k
lit k re! 2%s
^
98%
2
95%
81
J-J
lit
■
18
94
95%
1st
.
.,
124
94
lit
$
99%
94%
91%
1909
100 Ve
"4
30
38
124
100
94
J-J
1994
A.
(Oregon Llnat)
107%
*107'/2 108 Ve
.
Co—
Gold 4%s
1996
P-A
94 '/a
97%
*121
A-O
1987
Southern
'V
•
J-J
1988
1
Southern
^
-
1971
93%
19
%
.
.
debentures
J-D
QQ
94%
29
QQ
.93%
92%
10
34.
.*30
High
Low
No.
94
J-J
Southern Bell Tel ft Tel Co—
95%
93 y2
*__
104
P-A
1975
1993
Sold
High
94
Range Since
January 1
>'
Bonds
Friday's
or
Bid & Asked
94
A-O
1941
1st
A
Sale Price
1961
'
lit
Oil
Socony-Vacuum Oil 2%a
South ft Nor Ala RR gtd lis
12%
101
93%
•'.
Paelfle Gas 4k Electric Colit * ref 3Vis series I
Last
Period
IJASilesian-Am Corp coll tr 7a
JS
1941
1974
1979
Week's Range
Interest
Exchange
Skelly Oil 2%s debs
lOgdaaaburg ft Lake Champlaln Ry—
ser
Stock
High
O
Oregon-Waehlngton RR 3s
York
Low
Shell
Oklahoma Gaa ft Electric 2%8
12
Week's Range
Friday
BONDS
New York Stock Exchange
a i»t
guaranteed 4b
Ohio Edison let mtge 3s
lit mtge 2%s
Monday, March 15, 1948
selling flat.
200- i
Section 77 of
.
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4681
167
Volume
(1173)
33
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
delivery sales are disregarded in the week's range unless they are the only transactions of
the week in which they occur. No account is taken of such sales in computing the range for the year.
NOTICE—Cash and deferred
footnote
a
in
In the
in
following extensive list we furnish a complete record of the transactions
stock
whether
RANGE
Week's
Friday
York
Exchange
Curb
Range
ACF-Brill
Motors
Low
Acme
Wire
Adam
Hat
-10
Stores
"5%
1
2%
12
100
3%
GOO
5%
2'/a
Feb
31%
3%
Curb
5%
Jan
British-American
Jan
34
British
Mar
5% Mar
6%
1%
2%
Co
12%
400
'
12
Mar
37%
convertible
Air-Way
6%
Electric
6V4
,6%
Alabama
Power
4.20%
Airlines
Alies
1,500
Allied
6V4 Mar
7%
Jan
Aluminum
J
Co
of
92%
93
;
Ltd
«'
.
3Va
6%
6%
'.
•
Car
preferred
American Mfg Co
J.
•
96
1,000
155
Feb
180
16
17%
33%
class
!
I 3%
u
-
9%
102%
(B F)
6%
&
32%
Jan
16
Jan
14%
Feb
,'.23
* Jan
51
36
x30
::7Feb
18%
700
1,400
-y
'.j, 36%
Mar
25
.
4>A
50
42 %
Feb
48
4%
Jan
5
Jan
100
7%
Feb
9
Jan
7%
200
•
Feb
8%
6
\l7%
9%
Jan
3%
Jan
300
17%
4
><
8%
Feb
10%
Jan
103%
Feb
5%
6%
6%
10%
Jan
10%
'
2,300
Jan
113
10
10%
11
.200
lOVa
Feb
13%
14%
1,800
12%
Feb
15"%
7%
IVa
6%
7
3V»
2%
3
■
%
7% Mar
8%
.'"%..Feb
1%
8%
;
Feb
54%
10%
7%
11
"900
>.200
-
25
16%
•
"Baldwin Locomotive—
7%
preferred
.
American
Barium
sharesi—'I;,,,.
Bauman
;
Beckr(A S)
Shoe
Bellanca
of
,'» Benrus
!
t...
Hedges
-
;
4 %
v5%11
<
4%
11
-
4%
Aircraft
Jan
Chief
14%
2%
common*....
,5%
11
1
'
8%
8%
Inc
,Blue Ridge Corp
Blum--(Philip)
j
Blumenthal
Bohack
7%
&
(S)
(H C)
Co
&
Co
I.
Inc—
Co
common
common.:
;
1st preferred
•
8%
33 %
.100
115
Feb
25%
Jan
17%
Feb
common..
:
•
„.
8%
Jan
,35%
14
"
Jan
Feb
11
Auto
2%
100
3,700
509.
.
8%
300
33%
200
118
26%
13%
13%
8%
Jan
9%
footnotes
see
page
37.
17%
18%
200
Jan
Jan
:
% Mar
'
Jan_^
6%-^Jjyii
110%
Feb
Feb
12%;M5ar
7%
Jan
Mar
8%-
'9%
Feb
8
74% Mar
%" 'Jan
80%
14
Jan
14
10%
'.4
10%
3%
19
Feb
85%
Jan
Feb
97/a
Jan
13
Feh
17
Jan
54
Feb
73
Jan
12%
Feb
16%: Jan
150
12
Feb
200
10% Mar
:
.
50
4
7%
Feb
8%
125
170
14
12
10%
14%
59
14
Feb
4
7%
100
7%
Feb
8%
21%
225
58%
60%
250
15%
16
58%
16
5%
%
34%
100
x33%
105
;
Jan
25%
Jan
70
Jan
!,f
18
15'
—1
Jan
[■
1
1%
-
33
17
Jan !
17
2%
17'A
Jan
136
18
Jan
Jan
17%
Feb
8% Mar
9%
5°
14 Yb
Feb
300
1%
Feb
3,700
-
1%
:
1%
Feb"
,r:
:
16
I
2%
series
7
>
1,600
24
Jan
30 Va
Feb
6
Feb
7Va
Jan
Feb
9%
Jan
Feb
5%
Jan
Jan
TV*
Jan
'6%
6%
900
6 y8
Feb
7'%
Feb
'3%
3%
2,200
Feb
4%
Jan
31%
33%
2,250
33b
29%
'
4%
.
33 Va Mar
Feb
4%
1,000
aa
44,600
Jan
100
25% Mar
750
6% Feh;
63 Vz Mar
warrants26
25
t
26
4%
Feb
7
rV
,
C
-,
43
Jan
125-
Mining
65%
8%
Continental
i
Continental Fdy & Machine Co
Cook Paint & Varnish Co_^._2
Car-Na-Var
[
Cooper
j
11%
-
Feb
8%
700
8ya
72 V*
Feb
-
Feb
.<
1,650
800
2%'V 2%
5,400
12
900
34-'''.34
50
11%
•
7<i..
•;
Jan
Jan
.9%,
^
Jan
h"' 3% Jan!
3r2% Jan 14Is
--1 "-v
Feb "u "
,'.. -.40
-/.,
600
2%
Jan!
'■?',2V*
450
8%
Feb
,
4,400
-11...
Jan
Jan
—
Jan,
Jan
%
Jan
11%
Jan
Feb '
%
1
Jan
.2% Jan
13%
Mar
2%
5 /-
;
Jan
80 Va
Feb
34'
t-!
-
Jan
,
103
Feb
2%
1114
-
111
9%
2%
Z~5r
——
•
gi '23/X35^32-:,^ .4,300
11%' 11%'.
2,600
2%
•
75
0 3/A
-
-1
*
Jan
:
''
*107% Mar
a
?'
•
.
Feb
2%
29%
'"'lO'
%'^3%
SH
*'
III
t
;Jan
1-7%
Jan
83/8
,
*
common!
Cornucopia Gold Mines
Cor'o Inc !__:
100'.4
11%
.—1
'
20
.
2%
__l
Corp.
Copper Range Co...
Brewing Co
75
1.000
•'« 400
102% 1021/2
1
Oil!—!
64 %66%
j
.
Xl07% 109%
—100
& Smelt Ltd—5
Royalty
Jan
32
,
63!
7
—•
common—.
Jan
5
;
28 !
'
y
preferred*.——'—__1Q0
series
Jan
6%
33%
1
Bait
B
Jan
10%
400
30%
X
Jan
2
*
V
Jan
.
734
1
_!..!—
1956
preferred
Jan
3%
3%
25
•-
Jan
9%
7% Mar
400
9
Feb '"*•
3,000
6%
warrants
;
Jan
Jan
Jan
Jan
500
8%
Feb
9%
Jan
'j
Jan
11
8%
-
Jan
1
l23'a
1
3,700
31%
3%
Feb
23
Jan
Feb
10-
Feb
16
Feb
14% Mar
9y8
;.,Jan
38%,
■1
4%
Consolidated Steel Corp common
r\
•
Consolidated Textile Co—i
—.,'100
15%
300
1
Consolidated Gas Utilities.——
Jan
27%
200
500
9%-'
115
'
.7%
33
'
Feb
10
Feb
7%
-2%
Feb
14%
Feb
11%
*•3%
i_10
13%
10
Feb %
31%
330
,
Jan
-
Consolidated
Jan
Jan
99
8,400
iy8
7%
Consolidated
Feb
26
to
SELF
4% %
Jan
Mar
Feb
-
-
107/a Vjan,v
Jan
33% Mar
%
6y4 Mar
3%
1
—
19% Jan
-
7%
115
ext
4%
"Jan
8%
20
700
—•
ordinary.
Manufacturing Co
Corisol
2% Mar
Feb
Jan
Jan
.-
1%'M%
29'A
6% Mar
'
.
Mar
7%
Jan
5%
/■
.
35%
-15
*1% '
1%
5'%
12
9%'■
,1
Feb
;
400
105
12'..-
15%
200
300
1
102
10
•
5%
%
10
Compo Shoe Machinery— ;
Jan
13
21/ Mar
58% Mar
625
5%
!5%
—5
Southern
Mar
12% Jan
1
Co common
Jan
3%
21%
*
1
Mar
14
13%
2,300
V -6%
&
>4
Jan
16V4
27,100
56
A
& Lambert Mfg..
Commonwealth
'
Jan
35
84
10:
Community Public Service
Jan
Feb
6
53
1
Jan
6
20
7%
10 Ve
._.!_
Corroon
$1
f
& Reynolds
preferred class
Cosden
&%
Petroleum
convertible
Courtaulds
1
preferred
13%
1
5Va
3%
3%
—•
A
common
50
13%
-
5%
10%'
3%
14
600
Feb*:
10
1.500
3 Ve
Jan
3%
400
13'/a
Jan
14%
2,000
41%
Feb
6
Jan
Mar
51
Jan
5%
46 %
125
46
46
46
4 %'
4%'
2,000
4%
39%
39 V! '
40%'
6,700
37 Va
1%
2,300
Jan
Feb
Ltd—
,.t.
American
Creole
Croft
For
9%
>•
9%
1,300
-5
common—
Commodore Hotel Inc.
„
Jan
42%" Jan
■-
Feb
31
50
6%
,
Jan
6
,
2,900
,
4
300
74%
——4
Colt's
%
1
i
Jan
13%
8%.Mar.
20
-
12%
33
6%
Colonial Sand & Stone Co
6
.
14% Mar!-'
,;,1%; Jan
'22
10
"6%
*
Jan
17
19>. Jan'!
150
17%.,
:5,800
-.10
Stamping—
Cockshutt Plow
Jan
Jan
'
"49
5%
1
:
Colon Development
Colonial. Airlines
10
8%
12%
America^-—_—-2.50
Jan,
!y 5%', Jan
,
-Feb
':;T25% Mar 0;
1,00a
;
4%
33
-100
10
Clarostat Mfg Co__
Claude Neon Inc common
54 % Mar •'
,
Jan
j.
14%
...
Class A
34
Jan
3,200, :
17
26%
13%
12%
~9%
Clark Controller Co__———
5%
•
Light & Power——•
Corp common
l
Bridgeport Gas Light Co
Bridgeport Oil Co
•
Co
,,17%
8%
,.25
Brazilian Traction
Mfg
2%'
1
Breeze
of
Jan
7....
1
__!__•
Borne, Scrymser Co.
Bourjois Inc
Brillo
8%
4%
74%
common
15%
-t-
—
f 17
100
100
City & Suburban Homes—
•
,_3
common—
Co
Co
Jan
Feb
*""*Y
Co qom_*
700
♦
Feb
Mar
8% Jan
4% Mar
'
preferred__100
100
100
7%
Feb:
10%
"
_I_i
common
Birdsboro Steel Fdry <fc Mach
Blauner's common..
y;
■
50%
1
City
r:. 5% Jan
--.V' 130
:
5
,
100
pfd
Cities Service
4%
800
2%
125% 127%
q%
4%
"4%
1
Feb
100
/
1%
400
108%
1
i
Jan
10%
.•
Convertible preferred.;—!
iBerkey «k Gay Furniture-!.^"".
Blckford's
50
1,000
-•
14%,-14%
2
49V»
Consolidated
Vtc
125%
_
5%
10%
10
Co—
Jan
9% Mar V
5,800
ft-
i
.,'j,
200
■'
:
l
±
Power
preferred.
6%
45,Feb
200
y
10%. Jan
Feb
2,200
*
5%
15
ilOO
!____!
Inc
9%
l
i
common!!!.
Watch Co
Benson
,i
common
Canada.;.
i
i
common.
Corp
Aircraft
Bell
2,000
•i
Feb
9%
35
10
30".
15%
__S
Inc_^_.
(L) & Co
Tel
""*
11
5r
49%
& Co
Colorado Fuel & Iron
11.
A common
Beau-Brummel Ties
9%
•
I
Clinchfield Coal Corp common.——20
Products Co
•
'>34
xl4% Mar
9
'
! :
Club Alum
52% -54%
9%
100
9%
I
Feb
10% Mar
500
\
"
Corpi—
Seelig Mfg—
$1:20 convertible
Basic Refractories
52%
,34
i
/
Steel
Barlow &
:
_30
•Baldwin Rubber Co'common.
Banco de los Andes— ' v ;
14% Mar
x
1%
Voting trust ctfs
r'
B
Wilcox Co
Feb
-2s 6d
Co common
preferred
Clayton
Babcock &
12%
•
dep rets B ord
Jan
24%
15%
Feb
Feb
i—1
Feb
6%
Jan
12%
<,:,y
4%
—
"
3%
8%
Chesebrough Mfg common
Chicago Rivet & Mach—_i—
Chicago & Southern Air Lines
"
7%
19
<
3%
200
Jan
3%
Jan
Feb
1%
Co
;!!:!;
24%
900
5
Biscuit
Mining
JChilds Co preferred
11,500
27
"
Feb
2% Mar
'
•
3%
Light $5 pfd
Charis Corp common
Cherry-Burrell common
Jan
G%
53%
.5
Feb
Jan
" '
*•
2 % Mai¬
Jan
275
6,600
"3%. ~4%
&
Ltd—
Chamberlin
Jan
4
8
500
ls
.*
Power & Light 4%
Cessna
Jan
200
!
'
Jan
1,400
9%
Conv pfd opt div ser 1929
Century Electric Co common
Jan
100
n
25%
113
7%
7%
—2,50
Maine
7%
Jan
Feh
Jan
6% Feb
6% Mar
•
Conv pfd opt div ser
Jan
14
112
2%
2%
1
{Central States Elec 6%
Jan
113
5%
2% Mar
'
2%
Central & South West Corp....—
Jan
10%
3% Feb
100
~6%
6%
___1
Inc
Corp of America
Central
Jan
Feb
100
I;
•
Central Ohio Steel Products
Jan
Feb
"Xl'0% X10%
Power
(A M)
3.50%
Jan
98%
2%
—*
Central
Jan
900
:
4
2%
Ltd—
common
(J W)
Castle
Jan
270
r-
Amer
Carter
Feb
4%
*
Jan
:
Casco Products common
Jan
Feb
4
•
Alcohol—
Catalin
6%
4 %
16%
Jan
12%
:
•
>
Co..
Carreras
Jan
400
4%
3
Jan
3%
Feb
100
>■
Jan
4%
1
com
% Feb
,
,2% Mar
*
& Kennedy
Co
Carr-Consol
Jan
%
8
46
1
preferred—.:—.
,
1,100
•
voting.
Jan
Feb
U Jan
3
""
600
10%
8,400
$
12%
1
preferred
Baxter
Carolina
Jan
2,400
5
'%
2 %
5
non-voting
Carnation
Jan
18 500
•
2%
;
Jan
20
Industries
Carman
Jan
4%
"4%
13% Mar
_._1
preferred
Carey
,Jan
_
5%
;
18
Mar
.
Capital City Products
Jail
5%
—
new
3%
4%
12
Mar-
13
1
Canadian Marconi
'Feb'
45
7%
"•
Feb
3
11,300
50
common
Corp
Jan
4%
;
Inq
Machine...
Ayrshire Collieries
31%
5
_1
products
Sons
B
Canadian
'
4
7
Atlantic- Coast Fisheries
Avery
A
Class
Jan
5%
•
Atlantic
Voting
Class
Jan
"5%
£i
Laundries of America
Associated Tel & Tel class A—
-
Jan
17%
,_io
Associated
11% ;Jan
16
50
.v..
18%
17%
-9%
14%
10% Mar
"■
t
Ltd
Industrial
32%
4%
1
1,000,
6,500
£1
Power
Co
Convertible
Canadian
Feb
I 5%
Co
11%
13
j
,
Canadian Canners Ltd
Feb
400
V'!"
pfd
preference
Feb
8,600
102% 102%
•
Jan
;
17% Mar
16%
50o
common
Cement Co Ltd common
% %
15%
500
~3%
—2.50
Associated Electric Industries—
American dep rets reg!——!
6
Jan
•
.
Bread
Canada
Jan
•
Light $7 pfd
Equipment Corp.:
49%
10%
25c
Insurance
Jan
43%
5%
100
Arkansas Power &
Coast Line Co
Atlas Corp warrants.—
Atlas Plywood Com
2%
40
Feb
8
—1
Electric
Fire
400
20%
7%
1
Gas common
Common class A
non-voting
6%
preferred.___.__
<
Steel
Feb
4%
"3%
Arkansas Natural
Automatic
Jan
%
46
"4%
~
1
Manufacturing Co.-—_
Appalachian filec Pwr 4%% pfd
Automatic
35%
111%
.
Jan
16
£1
•
?
16
■
11—12 %c
Tungsten Corp
29%
I"
Products
Canada
Jan
33
1
!
■
Apexr-Elec
■
Callite
Jan
Feb
31%: .1,200
li
2
common
Refining
California
200
11
^ 00
3%
•
'
Jan
13
Sugar Estate
2,800
16
30%
19%
,20
2
Ltd—
1%
600
29%
47%
31
10c
Argus Inc...
f
7
31
10
_
dep rets ord reg___
&
Jan
18%
Jan
75
16%
31% -32
Xr/'C-
Feb
16%
2.50
dep rets 5%
Camden
Feb
109%
400
3%
common
Angostiira-Wupperman
Oil
31
75
35
v"
15%
•
43%
Jan
9 Ye
17% Mar
Co
& Wireless—
Calamba
Jan
90
16% Mar
1%
3'/a
Products
Co
Jan
2%
>
Feb
350
6,100
i5ys
A
com
Paper
Angerman Co Inc
Anglo-Iranian Oil
Ashland
85
2%
5 % Mar
-
3%
5
Aro
Feb
7,200
15%
•
Republics.!.
16
fc;/
.'
10
5%
1
5
Amer
85
!
5%
Electric
Cable
Cables
American
1% Mar
2
...
c
1%
1,900
1%
15%
;
300
2%
Feb
7
23%
Feb
1G%
500
x47
Jan
Jan
2
1,003
4 "
1
1,600
25
$6 series preferred...
American Thread 5% preferred
:
1%
29%
•
32
American Writing
r
Feb
41
^4" '. X
,2,600
7%
•
Jan
11%
Ring
Corp Amer dep rets.
Biscuit Corp
;
(P H) common
Butler
.Jan
174
34%
■I
•
Superpower Corp
Burma
Jan
1%
25
Piston
2
Jan
^
20%
Jan
13
4-
25
Chem
2%
Jan
Jan
25
11VA 111%
34%
20
'
12%-Feb
/
Jan
Feb
1
Co
Feb
20
Jan
61%
Mar
33 Vs
33%
B_._
Post
22
9
"
111%
American Seal-Kap common.
Anchor
Feb
22
17 y4
l
common
&
Jan
92 '4
85
25
common
Feb
2%
125
-
21%
x45
Buckeye Pipe Line
Jan
/
150
1%
5%
10c
Mach
Jan
1,300
20
7%
5
Bunker Hill & Sullivan
200
.
--
10
!
1314
♦
Burd
200
1%
■■•''S'v
'
20%
7%
common
Jan
6%
20
Mar
Co
21
1
common
Jan
3%
.
Feb
50
2,100
r"
11
169
•
American Meter Co
Amer
Feb
22%
1%
100
Co
American Maracaibo Co
American Metal Products
Class
93
Jan
6%
Light—
preferred
Laundry
American
Jan
2%
100
'
American Light & Trac
6%
preferred
"■'
87
500
,
93%
9%
169 "
1
preferred.
American Potash
85% Mar
52%
'
100
Rubber
Jan
Feb
Jan
Feb
92%
—-
1
;
convertible
American
Mills Ltd
6%
Feb
50%
x22
■
1
Hard
(EL)
■■
.
Co
Power &
convertible
Bruce
14
*
common
American General Corp common
$2.50
Jan
"
American Fork & Hoe common
American Gas & Electric
$2
3%
Burry
50%
*
Class B
American
5%
18
*
"• -
2%
2
—
100
American Beverage common
American Book Co
4%%
Rubber Co
50
3
•
preferred
Bantam
American Cities
Brown
20
Forman Distillers
Jan
79
5
common
2%
Jan
60
•
America
S3.75 cumulative
American
3%
"%
Jan
2
1,000
1
Aluminum Goods Mfg.
Aluminum Industries common
Aluminium
6
1
1
common
18%
12%
a
British Columbia Power class A
Jan
%
600
85%
r
Feb
11
£1
.10
4
Feb
3,000
2%
5%
Internat Investing Corp
Products
(Mich) common
Allied
Altorfer Bros Co
2%
2%
85%
Inc
High
,
15%
£1
reg
Brown
"iy8
100
Fisher common
&
"I
3
pfd
Alaska
"l
50
Appliance
100
■
3
10
Alabama Great Southern
Low
16%
■
50c
preferred
Range Since January 1
High
16%
*
dep rets ord
Bruck
60c
Loxo
Jan
10
preferred
Shares
Celanese Ltd—
Amer
12
2
JAireon Mfg Corp common
for Week
American Tobacco—
British
Sales
Range
of Prices
*
dep rets ord bearer
Amer dep rets ord reg
Jan
Jan
Oil
Amer
Jan
1,200
Week's
Last
Sale Price
Exchange
Par
Jan
1,100
2%
York
High
3% Mar
1O0
34
5'/a
2%
New
"
•
5
1
Ainsworth Mfg common
Air Associates Inc (N J)
Air Investors common
2%
34
1
Inc
Aero Supply Mfg capital stock
Agnew Surpass Shoe Stores
Convertible
shown
are
•
MARCH
STOCKS—
Low
3'/a
"3%
1
common
Co
year.
ENDED
Range Since January l
High
2%
Alloys
WEEK
Friday
Shares
warrants
Aluminum
FOR
for Week
of Prices
Par
Acme
range
Curb
Sales
Last
Sale Price
STOCKS—
New
week, and when selling outside the regular weekly
Exchange for the week beginning on Saturday
It is compiled from dai ly reports of the Curb Exchange itself, and is intended to
include every security
and ending the current Friday, March 12.
or bond, in which any dealings have occurred during the current
March 6,
the
the New York
on
dep
receipts
Petroleum
Brewing
Co
:
,
(ord reg)—£1
—B
-—-—1
1
1
1
Feb.!
.
Feb V
Feb
?
f
4% Jan
43
IVa
Jan
Jan
.
A ^
34
THE COMMERCIAL &
(1174)
RANGE
EXCHANGE
CURB
YORK
NEW
Monday, March 15, 1948
FINANCIAL CHRONICLE
WEEK ENDED MARCH W
FOR
Friday
Week's
Range-
Last
STOCKS—
Low
Par
__1
«...
.10
Mfg
Gorham
Jan
Graham-Paige Motors $5 cony
8
Feb
9%
Jan
Grand
Feb
9
Ma
Jan
Gray Mfg Co
Great Atlantic A Pacific Tea
16 M4
Feb
Jan
vAv'tsW
common
common
lBt.ywfltowrtf,
7#
,
Rapids Varnish-
Non-voting
..
Davidson Brothers Inc
"9%
1%
X19M4
20 Vs
1,400
debenture
Derby OH Co common.
Detroit Gasket Be ManufacturingDetroit
Devoe Be
Raynolds class B—
Diana, Stores
2 Ma
7 Mi
•
400'
5%
5%
lOMa
Amer
Ltd
Co
22%; Jan
Feb
Jan
11%
2%
Jan
Dobeckmun Co
Credit
Domestic
2%
_1
Corp class A
Jan
Hartford
Jan
*13 Ma
Jan
Hacitord Rayon
5%
Feb
6 Ma
Jan
Harvard Brewing
•
21%
.25
«te Coal B
Steel
Dominion Tar Be Chem
Feb
Jan
3 Mi
Jan
Feb
21% Mar
1,300
21% Mar
11 Ms
25
12%
14%
Feb
stocks—
- ■
' ■
"9%
Feb
Jan
Jan
37'
Feb
.
.10
Jan
36
m —
MM
100
x74Ma x75%
Co
76 Mi Mar
74 Ma Mar
Dunlop Rubber Co Ltd—
Amer dep rets ord
Texas
8
1
mm'
'
mm
—
4Ms
4Mb
Sulphur
135
90
8%
100
Co
-
•
2%
7%
common
;«
51
.
~7%
6%
Malleable
Eastern
77
100
preferred
Eastern
3%
10 Ms
96%
10
preferred w w
Henry Holt A Co common
Hoe
(R) A Co class A
Hollinger Consolidated G M
\'Zrm.
10
''
10 Mi
53
9 Mi
96 Mi
Jan
Hormel
Inc
6 Ms
68%
X68
500
52 Ma
8%
7%
Feb
200
3%
3%
„
31%
Iron
2 Mi
series
A
$6 preferred series
B
55
Electric Bond
Be
Share
Electrographic
53%
Feb
61 Ma
Jan
12' >
Jan
;-54M^
17 11 Ml
Jan
11 Ma
Jan
10
B
10o
Equipment
preferred
M
Jan
5
Mar
Feb
12
%
17%
Feb
45 Ma
Jan
Feb
12%
Jan
Feb
11
1%
Jan
lMt
7,000
44 Ma
Jan
Feb
8 Me
Jan
2 Mi Mar
3%
17
28 Mi
Jan
41 Mi
Feb
300
6%
21S
11,100
28
Falstaff Brewing new com
_1
5c to
Jan
4% Mar
16%
15%
16%
2.500
15
Jan
16 Ma Mar
IF
11%.
2,100
10%
Feb
14
2%
1
110
50
48
lOo
preferred.
cum
3 Ma
34,900
Jan
12
Jan
11%
10
First York Corp common.
div
4%
9 Ma
900
•
Metallurgical
Fire Association (Phila)
$2
4%
4%
11%
l
.
Fansteel
Fishman
11 Ms
34%
2
Ma
46
2
Jan
Mar
2%
Feb
Jan
37
Jan
34
Jan
-50
Jan
600
125
35
148
Jan
108
Jan
Feb
x37
Mar
78 Ma
Jan
12%
Jan
Feb
44
Jan
Jan
5
Jan
5%
Feb
7%
Jan
Ma
Feb
42 Ma
Jan
Feb
2%
Jan
Feb
34
-
(M H) Co—
i
••
5%, convertible
■
•
■
25
Feb.
Jan
Jan
1.700
56
900
<52%
11%
350
11
2,000
5
11 Ms
Amer dep
.£1
rets registered.
~
12 Ms
Mar
5%
Jan
Feb
3,800
11% Mar
13 Ma
Jan
11% Mar
13%
Jan
Jan
10%
Jan
10% Mac
13%
12
9M2
9%
10 Ml
1,600
10%
10%
100
93 Ma
95
100
90 M2
Feb
95
95 Mt
96%
1,350
92%
Feb
97M2
Jan
13 Mi
13 Mt
300
13 Ms. Feb
15
Feb
53 Ms
400
51
Mar
58%
Jan
23^8
Jan
lOMs
3,900
13
Jan
10
B
10%
£1
A Ireland
,
Mar
56
16%
400
11%
11%
11%
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
,
28
Feb
25 Ma
54
55%
„50
28
Feb
Feb
.27
28
preferred.
Indianapolis Pwr A Light 4% pfd—100
Insurance Co of North' America
10
International Cigar Machine
*
International Hydro-Electric—
Preferred $3.50 series
96
51
50
.
*- 51
shares
Registered
Jan
Mar
16 Mi
Feb
12%
13Mt
Feb
17
Jan
Jan
Jan
Ma
1 o%
14 Ma
5oU
1%
1%
1,300
1% Mar
,
600
9 Ma Mar
11%
Jan
9%
9%
7 Ma
—5
7%'
2 Ms
Jan
200
7%
Feb
8
Ma
Jan
400
,
lMs
Feb
1%
Jan
II
ctfs_.
Air Chute.—,
Feb
17
Feb
<
1M4
14
•
International, Safety
Irving
9% Mar
10 Mi
_10
Razor B_.
International Utilities common
Interstate Power $7 preferred
Investors Royalty—;
Iron Fireman Mfg voting trust
•
23%
9%
9%
shs
International. Products
Italian Superpower
$1 Stores.
,.v
16
900
•
1%
1%
»
17 Mi
1.7%
75
16 M2
Jan
18 Ms
II
5%
5%
1,800
4%
Jan
5%
Feb
1
Jan
5%
A
% Mar
1.7(H)
%
Jan
Ford Motor Co Ltd—
Amer dep rets ord
4%
-£1
reg.
5%
4% Mar
2,300
5
Jan
Ford Motor of Canada—
Class A non-voting.
Class
B
17%
voting
Ford Motor of France—
Amer
~8 Ms
(Peter) Brewing.
Franklin
Fuller
preferred
Jan
18 Ma
Feb
18 Ma
—
Jan
19 Ma
Feb
lMs
900
1
Feb
2
Jan
8Mb
8%
300
7%
Feb
8%
Jan
12
!3
12
1,150
Mar
19
.
26%
|
50
—
30
26% Mar
100
7Ma
9
700
Jefferson
Jim
Co
common
Lake Sulphur Co
Brown
Stores
common
Preference
.
1
1
1
*
Kaiser-Frazer
Jan
Kansas
Corp
Gas Be Electric 1%
pfd
1
100
Kawneer Co_
5
*
5
Kldde
Gatineau Power Co
5%
v-
common
common
General
Co
Corp
Feb
800
7
Mar
7%
800
1% Mar
4 Mi
4%
1,000
preferred
com
Feb
Jan
100
7%
30%'
500
27
Feb
35 Ma
Jan
150
98
Jan
100 Ma
Jan
3%
3%
1,400
5%
14%
15%
800
95
——
.
95
•
1
«
(AO) common
13 Ma
Feb
18%
90
.
90
80
91
99%
3%
'
'
*
.
3
3
17%
17 Mi
96 Ma
Jan
Klein
(D Emil)
Kleiner t
p4w.
5,000
25%
Mar
Jan
Jan
Jan
8%
9%
8Mb
20,100
15 Mi
Feb
Jan
123% Mar
~8
9%
9 Ma
90 Ma
12
8 %
10
99%.
100
125
Feb
11 Ma Mar
14
Jan
15 Ms
12"
16
Feb
75
8
Mar
9 M»
300
9
Jan
10%
20
v
99Ma Mar
103
Feb
Jan
Feb
Jan
16
—
Feb
110 Ma
Feb
Lakey Foundry Be Machine
Lamson Corp of Delaware
.
Jan
Lane
Jan
Langerdorf United Bakeries class
53 Ma Mar
Feb
11
,
5
18 Ma
Jan~
52 Ms
—
Laclede-Chrlsty Clay Products
Lake Shore Mines Ltd
Jan
Feb
12
Wells Co common
Tnc
„
37,
13%
Jan
3%
3.900
3M2 Mar
"4Mt
Jan
1,700
14 M4 Mar
3%
14 Mi
1
1%
1%
1%
5,700
•
10
12 Ma
12%
12 Mi
200
15
1
is
'
■
ri:
17%. Feb
1,7rt
Jan
12 Ms Mar
14
"
Jan
Feb
6%
Feb,
;
13%
Jan
14%
Jan
21%
Jan
23M2
Jan
8 Mi. Jan
.6%
800
14
14
100
xl4%
10 Ma
11%
1.400
9%
7%
1,800
6 Mi
8'
.600
7 Ma
22 Ma
800
20 Mt
Jan
23
Jan
27Ma
Jan
28
Jan
22
Feb
24
Jan
'18%
Feb
21
Jan
6
6%
Feb
6%
5
1
1
5
1
10%
7
7
8i
7%
21%
22
A__*
5
22%
700
21 Ma
Feb
25%
Jan
La
19%
19%
20%
2,600
1*8%
Jan
21%
Jan
Lefcourt
Realty common
Oil Development
16 Mi
13%
Jan
14%
5
Monotype Machine
Salle Ext Jniversity
22 Mi
—8
Jan
40
Feb
3 Ma
Lanston
22%
1
53;.
Jan
*
Class B
•
class B
Feb
13
40
Jan
'
■
„
Goal
45 Ma
37%
500
52
39
-13 Mi
14 Mi
1
1
Krueger Brewing Co
2.50
Gleaner
20
130
13%
50
1
common
Kobacker Stores
117
Mar
3
150
—
Co common—
(IB) Rubber Co
Jan
'
110 Ma
3%
17 Ma
——
5
Jan
Mar
90
•
page
Feb
14
Mar
.
,1 17 Mi
Jan
Feb
16
Jan
Jan
11%
Jan
8Mb
Jan
Feb
8M4
Jan
Jan
Feb
114
•
Gladding McBean & Co
Harvester Corp
Petroleum
Kirkland Lake G M Co Ltd
__
see
4%
100
Jan
Feb
2%
•
__
8Mb Mar
Jan
95
50
•
preferred
Glenmore Distilleries
Jan
5%
Jan
=
3%'Mar'
1
Giant Yellowknlfe Gold Mines
footnotes
8%
8
100 Ma 100 Ma
"
1
-—1
1
King Seeley Corp
Kingston Products
8%
3%
'
*
Gilbert
For
7% pfd B—100
100
Knott Corp
•
Georgia Power $6 preferred
Co-„
Kings County Lighting
5% preferred D
Feb
Feb
8Ma
100
preferred
Preferred
9%
100
Jan
Feb
6%
30
1
Globe-Union
4%
25
6 Ma
—
•
Public
Alden
Jan
8 Ma
10
General Shareholdings Corp
Glen
Feb
Jan
Jan
1,200
6M2
6%
-1
Plywood Corp
$6
(Walter) A Co
Kimberly-Clark Corp—
4 Ma %
preferred
Kirby
General
Service
Jan
6
Feb
22
Jan
9%,
2%
Ltd—
General
Gilchrist
3%
23%
4%
28
1
$5
86
84
7%
7
Corp
convertible
llM. Mar
7
1
—
preferred series A
Phoenix
Feb
9
•
General Fireprooflng common
General Outdoor Adv 6% pfd
$6
3,200
1
preferred
Electric
General
11 Mi
•
.
.
Amer dep rets ord reg
General Finance Corp common-
5%
10 v*
-100
General Builders Supply
conv
ll Mi
9%
Feb
...
preferred
Gellman Mfg Co common
General Alloys Co—
5%
0
Feb
4%
4%
*
Key Co common
Corp
6
300
K
Feb
Jan
12 %
8 Ma Mar
•
700
Ma
5
Jan
Kennedy's Inc
Garrett
5%
6%
4 Ma
Ma
6
6%
Julian Be Kokengs Co
9M4
Feb-'-
8
8%
8
1
26%
8
Glass
Jeannette
7 Ma Mar
7 Ms Mar
50
Co
A)
16%
400
1
Stores.
(Geo
12 Ms
—1.28
Franklin Simon A Co Inc
conv
"
1 Ms
dep rets bearer
4%%
18
—
*
Fort Pitt Brewing Co
Fox
17 Ma
__
—
16%
200
14%
Feb
21%
Jan
Leonard
13%
14
300
13 Ms
Feb
14%
Jan
Le Tourneau
(R G>
Inc
1
25
1
x9mt
1
vJ
15%
1
15%
9%
300
1%
2,000
16
1,000
:
Jan
4Mb
Jan
4%
'
_
j
>
Jan
35 Mi
Jan
9%
'
t
Jan
Mi
r
'•
International. Petroleum coupon
11%
Feb
•A
International Metal Industries A
Fairchild Camera A Inst Co—
Falrchild Engine A Airplane.
44
Jan
Jan
150
7 Mi
42 Ma
Jan
8%
Feb
6%
Feb
98
Jan
92
Mi
7
'•■
2Mb
'
Imperial Chemical Industries—
Feb
2 Mi
2 Mi
,
Feb
,
3 Ms Mar
•
500
/;';* .*•
Illinois Zinc Co common
Jan
100
600
1
Jan
Feb
x65
600
6 Mi
Illinois. Power Co common—
Jan
15 Ma
1,100
20
7%
4
27
Feb
41 Ma
5
Jan
42
97
-1.
32%
•' '
11 Mi
11
11 Ms
1
preferred—,
Hydro-Electric Securities
Hygrads Food Products
|
Jan
31% Mar
2,900
"-I
1
1st
Jan
'
Refrigerator Co common—•
$2.25 preferred
•
Common stock warrants
Huyler's common
55%
.*>»%
/
.
105 Ms
50
73
69 Ma
Hussman
2%
22
Feb
2 Mi
-10
common.
146
Feb
19
MM
—
42
42 Ma
.1
-1
Feb
3 Ma
700
17%
1%
Feb
126
1,000
':r 11'
Feb
9 Mi
33.700
800
5
21
12
1%
1
;
Corp Ltd
Mv:
__
7%
12
8%
600
10%
95
1
common
Pipe Line
Feb1
—
Smsco Derrick
Eureka
50
16%
17
50
100
Inc
100
__
10
common
convertible
50M4
21
l
preferred
Eureka
Feb
4%
1
Inc
&
11
144
)
1
Jan
400
3%
5
Empire District Electric 5% pfd
Empire Millwork Corp
$3
Jan
11 Mi
134
144
Corp
Electrornaster
Esquire
Jan
65 Ma
•
500
58
10
10%
common
Option warrants
Corp
3 Ms
Feb
50 Mt
-1
\jvcctric Power Be Light 2d pfd A.
Yquity
Jan
Mi Mar
11
11%
„1
Easy Washing Machine B
5 %
58
Feb
2
100
Associates—
Sugar
Com,shares of beneficial int
$5 pfd shares of beneficial Int.
Elliott Co
Jan
57
700
63
61 Ma
Eastern
79 Ma
Feb
7
41%
250
32 Mi
36
•
8
Refining
Oil A
Hurd Lock Be Mfg Co—
57
2%
25
States Corp
$7 preferred
iv
/'
Jan
97 Ma
Feb
3%
140.
31%
5
(Harvey) Inc
Humble
Feb
>■*
24
j—
—
100
preferred
Jan
66 Ma
550
Jan
Feb
800
54
:
.
•
•
Hardart common
Be
'
70%
Jan
10%
Feb
•
(Geo A) A Co common
Horn Be Hardart Baking Co
Jan
4%
;>
Feb
•
85
*'(
Jan
11 Ma
Feb
100
91
3 Mi
1
•
Jan
.
Jan
Feb
100
*"
Holly Stores Inc
Holophane Co common
4%
Feb
..!
Feb'
Jl%
Feb
1,
;
1
10
5
Jan
14%
Mar
Jan
10
11
100
Feb
3 Ms
16 Ma
Feb
9%
9 Ma
2
100
Feb
76
';
Mar-'
;»8
400
(
-T.
5%% preferred w w
3%
250
.>
Feb
Jan
/.8
13% Mar
2,200
8%
10 Ms
_
Border's
600
78%
3%
77 Ms
Jan
7 Me
.7
*
25c
-8
8 Ms
Class A
Hubbell
100
Jan
2%
J(in
Feb,,
i
Jan
37/b
•
Feb
6%
1
,
ij,
O.iKil
i'A'
56%
Feb/
..
6 Ma
"400
14
Jan
Jw
2% Mar '
200
Jan
Ma
9
'
AVltvI'
•1%
5
«
.
.700,
'
-
Feb.
Feb
5%
<*,
'
1
•
—
—
;7r/a
3o
1
.
Jan
1
preferred
Jan
Jan
104
Jan
,
so - ;
',Vv
;
*
V*
>
-.
500 *
^
■
..
"2%
2%x
.of America. B non-vot com—1
Corp
100
8
32.
'
prior
9%
Feb
y
x5%.
Dept Stores common.
Hecla Mining CoHelena Rubinstein
5%
4Ya%
Mar
44%. Jan
38 Ma Mar
100
Jan
.
140
Jan
-,
'
8%
8%
32
Hearn
Horn
East Gas Be Fuel Assn common.
Jan
103
9JC Feb.
30
.
102%,103 Ma
103 Ma
Paper.
Electric Light-
Hazeltine
•VXv1
12%
200
150 \
•;
8
Feb
1.000-
13 Ms
13
250-;
•
"
—1
Jan
'7% Mar
lOlMa
»
V": •'"■1R.1A
38 %
--25 ;
14
Jan
12
JB1
reg
Durham Hosiery class B common.
Duro Test Corp common
Duval
Jan
73 Ma
66% Mar
Corp
Power
Jan
7 Mi
9
6% Mar
800
138 Ma 139 Ms
.
39 "
139 Ms
100
4%
"9 Ms
—
«
—
300
8
100;
100
Heller Co common
Driver Harris Co_
Duke
14%
12 Ma
2%
Ltd.
Co
Dominion Textile Co Ltd common.
Draper
21%
11 Ms
Dominion Bridge Co Ltd
Dominion
Feb
9 Ma Mar
8O0
2%
18 Ma
1
Hatjtaftfay Bakeries Inc
common
Jan
Jan
,65
Feb
6 Ma
6%
Hammermill
'23%
400
9 Ma
Jan
9%
"
Lamp Co
Bridge Co Ltd
Feb
14%
"9 Ma
_1
12 Mi
v:
Feb
H
Hall
Hat Coup
.«1
100
Hamilton
■>
dep rets ord reg
14
1,
IV 7%
Jan
Feb
.
Distillers
50 Ma Mar
Jan
56
.Mar
6 Ma
Jan
Jan
2 Mi Mar
mm
mm
BOo
Corp common
Feb
18 Mi
400
150
'
1
%
Jan
35% Feb
Jan
1,400
20%
51 Ma
%
*•
Gypsum Lime A Alabastlne—
12 Ma
2 Ml
.
Detroit Steel Products
500
6%
Jan
10
_
20%
2 Mi
Foundry.
Gray' Iron
'
mm'
MM
Jan
~7 Mi
7%
7 Ma
18
v
91
I4
Grocery Stores ^Products common—25 c
Gulf States Utilities $4.40, pfd
100
9 Ma
200
Jan
Feb.
51%,
Feb
35
MM
MM
-BOo
28 Mi
5,900
7 Mi
Jan
50%'Jan
Feb
Mt
54
6Ma Mar
1,500
3%
Jan
Feb
42
50
85
37 Ma
6
—3»
Dayton Rubber Co class A.
Dejay Stores common.
Dennlson Mfg class A common.
8%
~6%
6%
1
2 Ma
2,000
45
1
High
14-
Jan
34
__
45
22
10
pfd—25
1
5
..—
-3.S0
:
7 Mi
Great Nortlnp%;.PB«*r.
Davenport Hosiery Mills
Low
2%,
'2 Ma
•
Gorham Inc class A_
Jan
14
2 Ma
1
50
Goodman Mfg Co
Jan
33
19 Ma
—
~
Jan
Jv2%, Jan
Feb
104M4
50
Range Since January 1
High
Low
•
preferred—;
prior
Feb
150
4%
—
—
$4.50
Goldfield Consolidated Mines—
4%
9.%
4%
2.5o
.»
Lighting Inc common
Curtis Mfg Co (Mo)
3%
Feb
16%
9
Curtis
Jan
class A
Class B.
101% Mar
50
Cuban Tobacco common.
Jan
1% Mar
4,300
101% 101%
'
.100
preferred
5%
17 Mt
16%
17 V*
Godchaux Sugars
7M4
28
MM
,
Gobel
Jan
15%
MM
9
'
Jan
7
Jan
3 Mi
1,500
.MM
•
Shares
1
••
(Adolf) Inc common
7%
Feb
15
—
3%
3 Mt
3%
.25o
Sugar
Atlantic
1,700
)
for Week
Par
5%. Feb
5 Ms Feb
'
•
Crown Drug Co common
Crystal Oil Refining common.
$6 preferred
Cuban
6M4
300
5%
!.
900
5 Ma
5 Ma
5%
B
7
Range
of Prices
High
Low
5 Ma
'
Exchange
Curb
York
New
Range Since January 1
Sales
Week's^
Last
Sale Price
STOCKS—
High
6%
6%
Crosley Motors Inc
Crowley Mliner Be Co
Crown Cent Petrol (Md)__—
Crown Cork International A.
Shares
.
Sale Price
Exchang®
Curb
York
New
Sales
for Week
of Prices
Friday
9M4 Mar
6M2
10
Feb
Jan
Jan
Feb
IM2
Jan
15 Mt Mar
19%
Jan
1
;
.
;
?
)
<
v
-
Friday
:r -'
i
STOCKS-—
Week's
.
Last*
Safes
Range
•
York
Curb
Exchange
^
Sale Price
v
i
,
Par
Line Material Co
Lionel Corn
"'
;
_
(Tho87J)~Inc
.Llpton
Lit
Groceteria#^
'
Lone
Star Gas Corp common
Longines-Wittnauer Watch Co
Long Island Lighting. Co—
?°mpreterrM °A
JSSSi
::
19
10:
—1
*
■
"
aeE::::-;::::
,•_£
g
51*'
.•
T'
:.
-
,.i
51
U1
15'/«
i( Marion
Power Shovel—
Maseey Hair is
4; McAleet1
„":
'525-i'
-rf>
6>t!:::'6%!
H
1
10
common.
>.*-,16%
rr_
-
,
->>*>>>,.:';>
>•
>--j.
y
$2.50
■:
preferred
•».>■•
..
*
-
'9'^8
—
f:
Mfg'Co.Z
'Merritfc, Chapman
^
&,
Scoti^warran7s-_»
^P^erred^^Cl-™100
Messabi Iron. Co—
'
,i: Metal Textile Corp:
%
.
J
Preferred
'
Middle Wes# Corp^
r:
!v
'
'
Ex-distribulion
v t c
43%
—
l
Sl.
5
';
•
Miller
Wohl
4%%
Co
•
■
t«ji
Jon-
Missouri
Public
Service
r
__
u
Feb
12.
-
6% :Jan
7%
-
Mountain
Mountain
Producers
States
1
200
3%
■
19
;
4,300
11-lluskogee
Ca
'
•
■"
...
;!
.
700
-
7%
-
,
?
\y
1
4
Feb
19
14
2%
-
Mdvr
-
-
*
-
:
i-,
5c
National Steel
National Transit
j ► National
10
—*
1
|
*
i
•
-
?
Park
N
Y
N
&
<%
3%
2%
200
2%
Feb.
Feb
.
11%
1 J. %
TI V2
' ^12
'J
•;
•'»
'
«
Ffeb
5."1
-
>
CO O
llVa Jan
/,
.
•
1
«.*}
,.
~£L
\
•
Vr»
A
"
'
•
16%
7.
Jan
„-3%
,
12 %, Jan
J
400
12% Feb;
14
1
loo
13% Jan
15% Jan
•13% •>
I
S Feb:-
?
13%
25c
2.50
common
.
8%
16%
3,500
9%
97/s
!
'
5--1
6% Feb
22%
25
300
22
"2 A
~2%
800
f2
,
.
'it
2JA
2%
iiy8
11%
39
••
60 %
60-
28% Jan
4'A
~4
'mm-,'.
2%
Jan
Feb
13%
25
39
Mar
Jan
Feb
250
4V2
300
4%. Feb
2,200
jy
11%.
700
41
141/4. Jan
3% Jan
11%. Mar
; /
~3% _4
;'.
58% Feb
8% Jan
11%
:
,
•
10%
Jan
37
Feb
61% Jan
10% Jan
\
4% Jan
»
13% Jan
4%%
cumulative
"4%. : "4%^: ; v;
:
.82%
300
f
Feb
10
Jan,
11% Jan
Feb
14%
41/a
Feb,
35% ;
120
500
4
100
>,>10
Power
62%
V
6 VB
6%
2,000
> 1,900
1%
2,000
75
com
14
~
6
'
common
!1
8 %,
14
xl4-%
Feb
7
1%
10%
Jan
Feb
29
'. •,>100
14
Mar
15
25
17%
16,700
7
77
Feb
425
> 92
Feb-
10
104
Feb
%
■
14 Va.
Feb
42'A
12%
7%
7%
600
Feb
94%
Jan
98
100
90
Jan
97% Jan
200
36%
Feb
43
Jan
100
12
Feb
14
Jan
75
■
400
1,700
500
1
8%
1,600
7%
3,800
12
9 Vs
8%
19%
19%
12%
14%
14%
144
>
90%
151
Feb
13'A
Jan
Jan
Jan
75
12 % Mar
Feb
2%
Jan
50.
.
—14y2Mar
17%
Jan
1%
"-1—•" 1---V
29%
29%-,
31
31%
:
55
5%
•'•••
S-.400
25
%
Feb
1%, Jan "
Jan
Feb
31
31
Feb
34
Jan
50
55
29%
';.:.3oo
-
55
Mar
55
Mar
4,300
•
;»
5% Feb
19%
V,
19 Va Mar
19%
19%
.200
3%
>4%
1,600
3%
3%
:j d 700
1
1%
2%
2,800
Grande Valley Gas Co—
(Texas Corp) v fee
r
,
Rochester Gas A Elec 4%
8% Jan
4
2y4
25
21% Jan
3% Mar
-18%
W
Feb
Feb
5% -Jan
3%
Jan
24% Jan
24% Mar
Jan
3 % Mar
4%
Jan
1%
5
27%
.1
2% Jan
Jan
Roeser
&
Pendleton
Inc
pfd F
new
com
92
*
92%
30
87
Jan
23%
100
23%
100
23
Mar
92%
Jan
23% Mar
Rolls Royce- Ltd—
Amer
dep rets for ord reg
Corp common
10 Ve
10 Va
'
100
10%
Jan
5
4>A
4%
500
4 Vb Mar
5'A
Jan
Co
-1
24%
24%
400
24%. Mar
25%
10
19
20%
2,900
Petroleum
Russeks Fifth
£l
5
Inc
Ave
common
Ryan Aeronautical
Co—
Ryan
Petroleum
Consolidated
Ryerson A Haynes common
Jan
St Lawrence Corp Ltd
Class A $2 conv pref
Bait Dome Oil Co
Jan
Samson
~
Jan
Jan
14% Mar
n Feb
1 -flj
6% Feb
J an
18%
xl4% Mar"
7%
8
■
300
9Va
Feb
Jan
17
Jan
20% Mar
*
10%
1,100
5%
6%
6,200
•
7%
8'A
2,000
1
5
5
10
1.25
1
7%
Jan
87/®
Feb
14 %
1
Jan
14 Va
Jan
Jan
10% Mar
Jan
65/„ Mar
10
3%
United
Inc
•
50
Corp common
(Del)
Bayre & Fisher Brick Co
Bchulte (D A) Inc common
Scovill Manufacturing
193%
Feb
Scullin
Steel
Co
common
33 Ye Mar
43
Jan
Segal Lock & Hardware
Belby Shoe Co
Feb
Belected
Jan
Feb
75
36%
1,200
9%
8,800
1,400
Feb
7ya
Feb
19 V> Mar
Jan
3% Mar
Feb
34%
3
19 Vs
Jan
97
92
103
j
8 Vb Mar
13%
37%
Jan
7% Mar
12 y4
Jan
2%
Jan
3y»
Jan
2 Vb
2%
400
2y»
Feb
_
Jan
2'A
1
2%
28%
2%
3
25c
42%
Jan
22%
$5.50
3%
1,200
3
Feb
4 V®
2'/a
2%
4,800
2
Va Mar
31/4
x28 JA
29%
1,300
27
Feb
33
Jan
10%
Feb
12 y2
Jan
—
200
Semler
Sentinel
Inc
common
2
*
stock
2 Vb Mar
Jan
Jan
Radio
Inc
Corp common
Sentry Safety Control
Berrlck Corp class B
2'/a
17'A
100
2 Vb
2,800
100
"2
Feb
2%
Feb
18%
Jan
2
Feb
2%
Jan
21
2Va
2
--
Feb
24%
Jan
2
16%
Jan
1
1
1
1
4%
1%
1%
~2%
2,600
15%
2,000
13%
Feb
18
Jan
75%
200
74
Feb
82
Jan
751/!!
2%
15 'A
14%
74%
1
5
-25
certificates
(R B)
—
17'A
2'/a
1
stock
prior
Allotment
Jan
Jan
Industries
Convertible
Jan
9% Mar
*
*
300
Feb
Jan
28% Mar
2 Vo
1
Inc
Jan
2%
Jan
6y2
800
1
25
11%
Feb
700
10%
1
7J/2 Mar
5
8,900
77/a
Beeman Bros
43
15%
8%
30
8
Securities Corp General
33% Mar
300
8 Va
28%
1
600
3,100
8'/2
29'A
300
Feb
7% Jan
Jan
3%
20
9
11%
Feb
90
*
Feb
Rio
Jan
•"
Jan
16 %
99%'100
1
8%
Mar
81 y2 Mar
240
100
117
*
%
2%
35
/Jan
8% Jan
9 % Mar
1,600
15%
34
3
7%
->20
148
24%
Savoy Oil
8%
33%
15%
83%
147
24%
102
?
U
1,700
10
34'/3
35
Jan
9%[ Mar
Jan
3,100
7%
33%
100
9'A Jan
Feb
-50
Northern Indiana Pub Serv
5% pfd_100
Northern States Power class A
Jan
Jan
34%
3
Jan
Jan
Feb
•
1
Jan
-8% Jan
Feb
190
5
97%
96
*
1
Rotary Electric Steel Co
Rowe (The) Corp common
Royalite Oil Co Ltd
75
i-:
;
10
19% :>:
Jan
,27
14%
}l.
*
Utility Securities
Feb
10%
Engineering-,
Root
50
107
S%
7%
•
9 Va
100;
» 100
5
A
Jan
64%
Feb
1%
17' '
7%
in
8%
Jan
Reliance Electric
Roosevelt Field
12 Vb
59% Jan
95%
15%
107
1
l'A
1
1
Rome Cable
25
14
95
*
,.
6
82 y2 Mar
9%
'
5
1,200
liy2 Mar
2y. Jan
Regal Shoe Co
Reis (Robert) & Co—
Jan
75
> 28%
*
Corp B
Feb
12%
Jan
28%
;
*
■
Feb
9%
12%
Co
92
Mar
1%
u
6 7/a
1,900
1% -/
81%
5
Mar
11%
•
61
7%
1,000
Feb
137/»
4%
95 %
Jan
7%
41%
-100
——
15%
8%
-
•'17!"
Jan
;> 40
8V2
11%
95%
common.
preferred
t
-Jan
Feb
1
50
97
•
•
•
10
Manufacturing
17% Feb-
Jan
>>
100
preferred
prior preferred
11%
4%
14
40
7
Jan
11%
>89
,
.I
9%
10
3V4
:
2.50
Jan
5
15 y* Feb
'w
Feb
87
40
Mar
Feb
2
430
oy®
4 V®,
~2«
xlL
9%
9%
V
Jan
Colorado—
Feb
Feb
Feb
6Va
Jan
J 9% Jan
..Feb
%
61%
1%
Feb
■
3%
61%
Jan
400
4,300
;
> 39
1
8%
16
>300
2 Vb Mar
11%
-
10%
8% Jan
>—'
■
Jan
,,>11
.3% Mar
•>
600
—
A;
of Nevada
10%
900
8% •>.
.
1,100
~4%
Jan
57% Jan
9% Mar
'
;t
100
1 .Rice Stix Dry Goods
iv Richmond Radiator—
1,300
_100
-4%
■'
10
Reed: Roller Bit Cot
-
..
Jan
2%
100
i
Aircraft Inc
Novadel-Aeenp Corn
.600
—
*
common
'
4%
1
common
Northrop
19 Vs
4
Radio-Keith-Orpheum option warrantsLight Securities—
Voting common
10
i
Railway A Utility Investment AwA
r
Rath Packing Co common——_w_i—10
*i Raymond Concrete- Pile common
•
i <$3 convertible preferred
•
f . Raytheon Manufacturing common—,w5
11%. Feb
5,500
'34
•
Oil
5%
>•
>
Jan
35%, Jan
•
2%
10
Texas
6
TVs
10
Co
? 9%.
3%
10%
V
15% Jan
.
_1
Airlines—
Feb
1. Railway A
«
V-
:
,
14%
RR
'Feb
2%. Mar
16%>
5
Central
/
54%. Jan
-
7^4% Jan
48
77%
150
75% Mar
4'/a
45'8
300
4 Va Mar
5V2
Jan
1 %
1%
300
1%
Feb
2»A
Jan
iya
1 Va
100
1
Jan
1%
Jan
10 Va Mar
llJ/2
Jan
2
Feb
.'
Jan
-
5% Jan '
Mar
39
t
400
900
V
*
•
33'A" Feb
..13%;
25
Mines
Penn
2% Jarx
105
Feb
H Jz
*38%. Mar:
—
North
ii
2'/» Jan
•102% Feb *
47A Feb
Jan
Mar
'3l'%:> V ,>*2801,!- t
wXf
12%
■ :■■■:■
Light & Power common—1
preferred
*
Northern
1,350
«% Jan
•x
'
10%
of
Quebec
12% Jan/
4% Man'
D
11%- H 'T ®
11%
20
s—
North American Rayon class A
Northeast
Feb
6% Jan
.
Feb/-
-
shares
Gas
6 %
*:a"
41/4
North Amer
B
24
-Jan.
§
,
300
v
T
9%
.
''.""•V-.-.'v-V
31%
1
Class
>/
9ya
Pyrene
,
Jan
28%
>11% Mar
400
1
1
preferred
North American
Jan
J100% Jan
Jan
100
,
;^4
30
..
Jan-.
98,
25%
7>200
.
32%
;
Ja"
14
—10.U
Co—
Noma Electric
$6
-•
5"-'
1
Corp
Quaker Oats
3®,7
4v®
.26/4
-
—
.
Class B optional
warrants—«—
Nipissing
•
53%
r
Jan
46
Jan
•
Feb
12/® Feb
7.
150
r
—
173.
JaJ1
3%
-
5,900
30%
11%
^
Shipbuilding Corp—
Nineteen Hundred
'
52
*
Puget Sound Pulp A Timber
Pyle-National Co common
Jan
fs
•
.
1,400
.14
—
1
Niagara Share Corp class B
Nlles-Bement-Pond
42
-4%
99
Jan
4
300
9%
$5
Jan
27
Jan
35%
600
1V,
Mar
170
—
3%
Mar ^»104
'
11
190
—
—
:
24
100-
171%.
30%
^
2%
*
Honduras Rosarlo
2d
2%
-n
30% Feh
21% Jan
2% Jan
13%
"
*
!
40%
,
52%
of America
Metals
Jan
.13
Feb
40
"5%
*
Jan
5
Mining Co
1st preferred
5
•
i.
Jan
Feb
■
5
Founders shares
5%
5%
41,
50c
•
'
Feb.
23%. Jan
:
4,400
,
Prosperity Co class B
/
common
Niagara Hudson Power
5%
•
>15% Mar
Merchandise
Y
■
V
—1
—20
common
Mar
13-
Feb
Feb
*
Puget Sound Power & Light—
—1
New Process Co common
N Y Auction Co common
N Y
Co
Alexander
A
Producers
6% J®n*
__30c
4%%
New
*
100
6Va
4%
:_2.50
26% Jan
Feb.
43
100
100
common
Prentice-Hall Inc
33% Jan
^
"
•
6% Mar
—*
common
convertible preferred
Zinc
New Mexico & Arizona Land
23%
6
2.50
Canada common
1st preferred
Pressed
*
New Jersey
23%
Providence
2 A
%
^1-4
Ltd
Nestle Le Mur Co class A
New England Tel & Tel
New Haven. Clock & Watch
pfd
Jan
Mar
•
5,900
3%
1
Union Radio
Neptune Meter
'
43%
/ 4%A 2%
common
4%%
15
,23
.
80
43
1
Pratt A Lambert Co
*
3Vr,
-i^»s.l
common
(rierman) Corp—
Nelson
•
—
Scale
Public Service
5% Feb>
;
75-
s„
—2.50';
Machinery.^
Car
23
Jan
96
Jan
10
200
>
;.
Jan.
27/8
-
13%
•
Pressure Cooker ne\V
com___-2
National Radiator Co
Rubber
Pneumatic
6%
Jft^
100
.—
—100
common
500
--
10c
j National Mfg A Stores
commoo.—__1
(
8 % Mar
17-7+ Feb
*
—1_25
Pep Boys (The)
Pepperell Mfg Co.
Perfect Circle Corp
Powdreli
Jan
1,700
11%
•
National Fuel Gas
National MalUnson Fabrics
ii
34,000
„•
2%
Jan
.
30% Jah
-
4%
7
..
.171
National
,
—1
Piper Aircraft Corp common.
1
Pitney-Bowes Inc
2
Pittsburgh Bess A Lake Erie RR——50
Pittsburgh A Lake Erie
50
Pittsburgh Metallurgical common5
Pleasant Valley Wine Co
1
Jan
97
24
.
171
National Breweries
commoner.™".—• "...
7*
preferred-25
;, National
v
91
12
2-i9<r
22 A Jan.
Feb
7
..
.26%
'+
800
5%
•
commoh—2:——_-«lflt
h National Bellas Hesa
25
"
23%
1
'
,
•1
101-'A Feb
92%
,
2%
•
2%
-
-_10
Tel__.
Nachman 'ewp ^-——.——
Namm's Inc common
29% Mar
280
103
92%
:
Pioneer Gold Mine* Ltd.
OVi-Mar
62a
6%
'i'r
\
35% Jan
31% Jan,
104% Jan
13
13% Jan
Jan.
18
i3
—
21/®
96
24
24
__
Muskegon /Piston Ring
j
32% Mur
300
24%
Polaris Mining
19/2 Feb.
3%
—
5%
u.5
common
Mountain. States Ter <fc
Murray Ohih Mfg Co
j
1
Feb
500
1,300
103
-
....
—
5
Pinchln Johnson. Ltd Amer
^
23% Mar
....
100
—
7%
5V2
—•
—»
Power
67/a
8%
30 %
121/4.
Co
Pierce Governor common,
:%
Jan
,,
,225
2
3
,
n
Jan
33%
23'A
Pen
Power Corp of
24%
—
common
partic pfd
Morris Plan Corp of Americ$_vi_*
Mountain City Copper common
J
7%
103
•
Philadelphia €0 common
Phlllipi Packing Go^
r,
»H5% MAr,
'
Jan
Jan
10
29 %
4% Jan
10%Mar
17%
17%
Feb
Penn- Water A Power Co
r
110% Jan.
7%-Feh
■
Jhn
Jan
Feb
Mar.
Penn Power A Light
7%
^eb
3% Mar
«>
Jan
7'%
400
14
Penn Traffic Co
-*
FebJan
^
25
—
_
Moody Investors
s
~7%
23
Telephone common
gas cumulative preferred:
Penn road Corp common
<
25%jJan
-
Jan
7
*
28% JPeh ;-
-
.
Mar
34 % Jan
9
Jan
32%,
-
29 %
100
*L30
fj; C *£*
,
5% Feb
>
i
16,400
7%
-l'
Montgomery Ward A——
41
Lighting $5 preferred
pfd
Penn .Gas to Eleo class A
a -
Feb
43
-
4,100 '
91/®
2
*
common
Monroe Lo^n- Society A
Montana pakota Utilities.!
.
8%
33
>
10V®
I0V4
•
50
Corp
Monogram Pictures
■
25
*
Peninsular
=
6% :
{3",4
—
1
50c
common
convertible preferred.
Molybdenum
200
16%
_7_%
1st pfd—:—25
Parkersburg Rig A Reel
Patchogue Plymouth Mills
::-:
19%. 20Mr
4
—
Mining Corp ol Canada————•
!, Minnesota P & L 5%
pfd——.100
«.
30y» Feb
Paramount
*.
•t.
1,100
7%
Pantepee Oil of Venezuela Amer shrs—
Motor* Corp
1
Feb
Feb %
5-
3 % Feb y. :
7%;
29%
10
common
-
j
^
„7/
WJ.
,2% Ffeb
15»
r
J>% Feb
108
110
3%
23%
-
•
——
Co
Piping & Supply
Mid-West Refineries
•
t
-
10%
:
109%
15
common
1st preferred
Phwris Tire A Rubber
200
45%
6V2
x39
Feb
1st preferred
Page-Hersey Tubes- common
;:4%-
'
Jan
106
7%-
;
8%
__
,_J50c
Midwest
Oil
-
1% Jan
Feb
3-3
120
•
>
75--ir.•.-7%
300 .-i,...,v
ft
7%,.
-;-®*^-Sjwa* •■•
21.
21,/«-::«-4v-'.<5&0<!V-Tiv
23 A Jan
•
i y»
4,75
r
Mid-West Abrasive——
Midwest
"
•
$2 non-cum dividend
shares.
Mid vale Co common
>
6%
.
<"
—
'
^Feb
,.u;200.^-3%
Vv6-p-i.
1,500
?
38
Pacific Public Service
:
pfd—
conv
32'A.
1
Pacific Gas & Elec 6%
7%
__
■
Midland Steel " Products—
.!
-7%;
7%;
-
'v«t/
;..20% Mar
; • 5-4®r Feb
lr
Jan
Uf 800=
3%
1%
37
Parker
FeW
ft%
36,500
3%
•
1
High
107% 108% (
31%. 32%
•:
V
1
Securities
Pacific Can Co
V
16/• Jan
4% Ffeb
600
-5%*-.
3 Mr
3%
<
•
Pacific
*8*
23
Feb
;-
2,800
—
-
"
_^._l
;• /
___________________.
Midland Oil Corp
I
5%
v
^
-^—^'10'.. ,v
■-...:■ ; .1'^-
Mlcromatic Hone f?*rp
' y
5Middle States Petroleum class A
|
Class B v tC
i
1%
37
107%
1
Overseas
f.•.
^1% Mat:
v^.:.,;
800
'
.7
" 3Ve
Jl
Michigan JJmhper €orasu.:——— tMichigan -£^eel
Michigan Sugar, fv* ■
—^•>;>:
'■■
t
-
1
15 "
^3
-1
.
-6%.»
;
-r^.25c
Participafing.preferred^-yu—
i
.
>
__
Feb-u.^
.
'
—
"•*L%-vs.-i: L100
™ 2%
1
-,
Pean-Dixle Cement warrants
;.6%-,
<
Low
30?.;;
-
v
- 23^:24 - i600.
38^-.:3C::. 30 -
.5,
Range Since January
High
O'oklep Copper Co Ltd Amer shares
V
..
2
-v^»
<
-
.1,
common
J®
.W*
?
>
-
Shares
Jan
><-^6% Jan
2% Feb
—
.
common
Tan
60
...
.
21% Feb
.',-•?? A. Feb
—
1 .?.'>•. ^'Vv;
£. ^
>:
Memphis Natural Qag
,iV
—
(
-
-
McWiUtama''^9%'i>-10%
iMead Johnson A Co—
^^.1
20% 21 %
m Menasco
300
,.r
—
9'/2
•
—
.
.■
>f 5%. Feb'
•
^
..I .1
••..
300
•
*
Mfg Co oomrnon—:.?>
>
1%,
class1 B
Pacific Power & Light 6%
—
~
if
h
Mai'tf.'
51;"
I;
1
.v«M0)Sfe*S:fS
30055;;^.Felr-^^.; 18
Jan
15%
McClanahen oft CP .cominon.:^.:^.!;:^
McCord .Corp "common
; -23%
V
8%r;
u,,".'
V-
Co
Omar Inc
^' fcS'
'
,
*.
International Marine"*
Communication Co Ltd
.!;•
J i
••/'•••
-•
=nn
.'•/
JW/t-^'AGVa^vwylK
Marconi
4i
18
Brass
Ohio Power 4%% preferred—,—_100
Oklahoma Natural: Gas
15
Old Poindexter Distillery
Oliver United Filters B
.t.M
;
Mapes Consolidated Mfg Co___i_.——*r
1'.
nK
*
1(;%
!«"
Ohio
"
.
•*$•*«
600*,>:;<^:7%.^eb-v/.
'
■
o-rr-5^
Mangel Stores common
Manlschewltz iThe B) Co:
|:
*
15%
—
%'J.t
Co
Public Service Col-
Maine
«>.
,t?.
•
•■Mr.
Macklntosh-Hemphill
i.t
51
6,700;
„
v
for Week
'
>:;>£M%;Jan
^ ...•"
,.y,*'••'
«
lb'A
111
Low
^<!Feb
7%
..
Sales
iRmf e
of Peices
•
yfXtttgh
■
**»«
19
,u
«w
'
Sale Price
Exchange
1,500> •> >18% 'Feb^:--.,.21
>
~
18%
'.
.)Lo*J
15% Mar
Curb
Ogden Corp comraonu
x7%
'WMkr
East "•■>.
STOCKS—
York
New
.
5%%
;1
....
';.v
]■
i
«-
<&>*::
?
>
V
■
i'
ji
19
::
x7JA
ctfa*of"dep"
Lynch Corp
'
>
~
e*
b ctr. *«
•
Louisiana Land &
Exploration..^..—,1 Louisiana Poosr'dt Ll»ht
$6pA—-• -
I
18 %
,
:•
'
600
~'
Friday
u-
Ra«g*8ittce January *
-
">
16%
olnso\VA:
] hSTm^ixOiil',
f
High
15 %;
A
Shares
-
preferred—2&->>>;26%>::> 26%
Brothers common
Lobiaw
,
Low
■
_-~U0
6%
of Prices
>~ 15%'
5
'
for Week:' •;•;•
.
2%
80 Va
Jan
Jan
\
CHRONICLE
COMMERCIAL & FINANCIAL
THE
3t ' (1176)
WEEK ENDED MARCH 12
FOR
RANGE
EXCHANGE
CURB
YORK
NEW
Monday, March 15, 194$
Friday
v
Friday
STOCKS—
V
Curb Exchange
New-York
Week's
Last
.
Sale Price
,
Leather
Seton
of Prices
•
Low
Par
Sales
for Week
Range
1
Shares
v
>:
•
——-5 ,:
Shattuck :Denn Minings-
2%-' 2%
—
V
17 Va
L V
.—25
L——100
Sherwin-Williams common
preferred-..;—
Sherwin-Williams of Canada—
Shoe Corp of America class A_
;
_
108
*
IZ
7.'1274
•
1,100
232 »/a Mar
232 Va 235
._£ 1
■.
.10'/a
——
2%
,3
3%
"7%' /;
3Va
..
'• 7%
7.%
90
J29Ve,..
*
36%
'
17.1,500 7
to- original preferred::-^—u.1. .__23
.—25
4.48% conv preference.;.
—
26%
25 Va
1
24%. 25 Va
38
8%
W
—
26 Va
26 Va
1%
-
17a
—1
Standard Tube class B
1
& Co common.
Feb
107 ■*»
Mar
87a
54
5'A
37a
574
5272
1
1
5%
-
617/
Feb
25
1974
-17a
7.700
6.
1,200
2 'A
574
774
"IV4
1%
_"
17
17
Sun Ray Drug common
28
297a
.
674
25c
—*
Superior Portland Cement, Inc—
Superior Tool ft Die Co
14
14%
—1
Swan Finch Oil Corp
3
1,300
/
14%.
200
3
1574
317a
Feb
i
■{
Feb
1st ref
4
\
Technicolor Inc
u
Light 7%
Texon Oil & Land CO.
Thaw Shovel
Co
Thor, Corporation
j
Tivoli
i s
—
17
1674
17
250
137a
/
1
Trans Lux Corp.—
•
warrants.
21
Feb
,
6
6
"
' 200
i
.
507a
50%
.10
"v.
'377/
Jan
*
174
174
:
—1
"l%
"
574
"2
17/
Jan
..
174
300
.114
Jan
17a
5
Jan
67/ Jan-
17/
Feb
Works—
•'
6
97a
•
Feb
200
97a
>
~6
Feb
9
,974.Mar
12
Gas
_*
Canada
of
Union Investment Co__
Union
Oil
Co
of
______:
4%
6%
-
4''a
4%
3.000
2¥e Jan
Jan
67a
4'/a Mar
..
800.
150
67a
,;j67a Mar
9174 Mar
96-
6IJ/2
672
pfd
A
62
•
67/
*
■
•Union/Stock Yards of Omaha—
United
United
United
Aircraft
Products
Chemicals
Corp warrants.
Elastic
Corp„
United
Gas
United
United
93
100
~2Vh
"4%
12,500
*
38%
38J/a
38 %
100
3874 Mar
26,300
•"■'■A iV Feb
A
7a
;
♦
327a
327a
common—
__io
177a
17'/a
18
Light St. Railways—
7
19'A
187a
197a
8,600
Milk
*
207a
207a
3
2,000
50
Corp
Products
Jan
"4 J/4
common
Preferred
150
74
Jan
~
t
•
A7s
United
10%
Profit Sharing
preferred
United'Shoe
.
—100
72
!
187+
Feb,
21
20
Feb
30
Jan
Jan
257a
Jan
$5
2,675
547/ Mar
3974 x40 '/a
56%
3?%
—
i
Conditioning Corp_/.______J.lOc
U S Foil Co class
U; S
55 7a X567a
100
38s/4 cJan
245
9
,
J
B„_—1
and International Securities.
•
1st preferred with warrants..—*
Jan
17a
25
—
100
'
Q
Q
Feb
2
2«A
12
2%.
8'A
1274
1%
2
72 !/a
:»
|
"i
.
I
627/
"
1374
11%
9%
Jan
600
.
ls/a
425.,
707a
274 Mar
Feb
14%
Feb
Jan
274 Jan
Feb'
v
S
Radiator .common—
__1
U-S Rubber Reclaiming Co—
Stores common——
1
United
,
,
,50c
Universal
Universal
Insurance—
Universal
Products
;
Consolidated Oil———_—10
Co
27/
2 J/4
42
10
,
8174
'27/
100
2 J//
600
2'A
Jan
300
397«
Jan
20,
24
.24,'
24
200
>
24
Jan
Mar
5
common.
2%
2%
1,300
27/ Feb
—•
20%
20%
300
2074 Mar
3
(
;
common—
convertible
—
preferred.
Venezuela
1
^...5
Petroleum.. __—i—^—
1
Syndicate Inc„.
20c
V'Kft Manufacturing.^—.
Tor footnotes
see page
.37,
8'/i
o
85
87
85
57/
6:
3
3
300
10
2,100
600
77a
85
57
3
xl2%
29
-
3%
6s
78
81%
102
"1
104
98'/a
V";
9974
-977+
98%
99 '/a
.10474 .109 ;
35
11274
__
57
5774
34
34
$110
—
V":
$7
/-
18
115
V'-';
__
61%
5574-
"
3
*2974
2
•'
M-S
38
37
97%
•
101%
__
—...
•'
35
Z
31
31
__
38
1949
101
38
I
>'
/./
101
1
V
■/!v.
"
:
17674 "176 7a
100% *ior
A"
*'
i" J-D
J
*
$100
J-J
$5474
__
A-O':
1047/
■!
—;
-
"
^
.
■' —X. %
$100
M-N
101
59
„
'I02r> 103%
z 1027V 102%
I" $103% 10A%
A//
103
56.
>
'
57
$10274,
•;
:
A-O
V
38
$175 '/a
■■■
10374-104'/+
4%
10
7%
(
Jan
*
Jan
!
14"' Jan
*
17
.
97%
58/
•
4
20
//!,
2574
99
58'/a
'
28
-
;;
26
IT
25
10
17%
26
10
18
12
997a
5274
,
65
26
.f
28'/a
17"
20
207.
1104%
:ri,
$108% 109 'A
"l
17
20
19
101% 101%
J-l.
J-D
3-J
F-A
2574
'
97 74'
32
'"
t7
—
.
2574
1774
21
!
58
t20
1969
1956
-
;
/
19
97'/a
.
•
1966
:
—1963
20
/,*?•: 18
—-
.1952
to.
17%
18*
J-J
1963
20
> 1774
/ 17
"7
20
^
__
J-J
25
__
107
'
108'/a
101%
101%
A
;
5974
A-O
60
58 V
3
60'/a
.
Af-S
103
103
2
102%
104
UL-N
J-D
106
106
2
104
106
101 'A
1037a
102% 1037a
12
1057. 10574
23
102 »/2 102 7a
5
1
105'/a
A-0
A-O
J-J
$80
'*..-■
1067a
A 88
921
*
(
$104%
5-J
10374
__
To4'%
103
$103% 104 7+
106
,
r.l %... '>
20'/a
i'
105.'
10174 102%
88
J-D
2074
34 1
20'/a
$7
—
...
M-N
3s
M-S
.1
.
,i'.f
'
101
$99'A 100
98
10374
•" 7 101 * HOI-'
i-;-*; 1131/2113%
—
1
—
113-4 113%
$100 '/a
103
103
—
103%
$103% 104 Vs
A-O
144'A
1407.
*
__
i' 'M007.
iOO'%
101%
103'/a
84
'101%('104%
„
t
$97 74
J-J
F-A
M-N
A-O
.
97
97
$111
\
117
$22
22
2
19'//
21
13
21
___
$7
J-D
—
-
•-*>
25
22
A/0
'—
$7-
,
-ai«>
> 75
68
23
27
21
". 21
*
*
1974
[
35
—
102% 102%
18
98 biM0074
10074 103,
97
n0O7a
115
—"
71
Hydro-Electric Co—
-
*
1"" ;
J-J
1946
United Electric Service-Co—
A 7s* with 'Dec 1-1940 coupon./—1956
A7s ex Dec 1 1947 coupon^-—.1956
__
$68'A
Industries—
—1946
98%;
$103
A-O
United Electric Co-of ; N J 4s—wl949
;
6:
—
1st mtge 3s—-—-.—
—1971
Southwestern Gas & Elec 37»s
1970
Spalding (A G) 59.
———
1989
AStarrett Corp inc 5s__
——.1950
.5s..collateral .trust
1966
(Hugo)
.
Af-S
A-O
1965
3743.^—1970
$98
M-N
:
B^.-—1952
^.—1951
(Calif)
,143'A 143%
A-O
A67as with.Aug 1 1940 coupon—1953
A672s ex Aug 1 1947 coupon.—_1953
Jan
3%Jan
'
"
'/'•
19
17%
■
.
J-J
1952
Stinnes-(Hugo) Corp—
A7-4s 3rd stamped...
Jan
Jan
„
19
17
19
"A
F-A
—1952
RR—
Valley
1774-
J-D
—1957
—
Southern Counties-Gas
227a Jan
98
Feb :
10574 106'/a
.
—1957
(July 1941 coupon)
Southern California. Gas
Jan
20
Feb
Feb
1031/
45
211
10074 10074
*
1957
Scullin Steel inc .mtge 3s
'»■ Southern California Edison
447a Jan
Mar
57/ Feb
1057+
67
7974
$197/
—195*2
^
.
Terni
$4
104%
106'A
*'
A7-4s 2nd stamped—
Valspar Corp
93'A
104
13
99
/
1941 coup)——1955
1
San Joaquin-Lt At Pwr 6s
?
Jan
Jan
.
Stinnes
Venezuelan
927a
104%
$112 ',4
j-d
| Safe Harbor Water Power Corp 3S.1981
Jan
,
27a
.
81'A
99
M-S
6 % perpetual certificates..
—.—
Queens Borough Gas At Electric-*—
•
5728 series A—...
..1952
?
Jan
18
12% Feb
2'A Feb
*427/
—_lo
common
Utah-Idaho Sugar—
Utah Power St Light
'
500
79*
100
Public Service of New Jersey—
~
U
85'/a
105'A 10674
May
—
Jan
41% Jan
Feb'
81
$98'A
—
j-j
Pennsylvania Water At Power 3TtS-1964
374S
1970
Piedmont Hydro-Electric Co—
A67aS With Oct 1 1940 ccupon—1960
A674s ex Oct 1 1947 coupon____1960
)
Jan
v
-2 'A Mar
1,400
73
13%
174
73
2,700
49
106
__
Af-N
Qas At Light 47aS
1967
New England Power 3'As-^.—
1961
N Y At Westchester Ltg 4s—_—2004'
Ohio Power 1st mtge STtS-i—i.—.1968
1st mtge 3s
—-_—1971
Park Lexington 1st mtge 3s...
1964
Jan
1074
'
27a
12%
.
2477/
Feb
8'A Mar
100
.
168
85
$104
99
-
J-J
Milwaukee
!
Jan
"70
1107a
168
98'A
79'/.
'jmSrn''*
-
Sec—
McCord Corp deb 474s
i
Jan
8'A
109.74
104
A-O/A
__Jan 1949
.——Jan
(Aug 1941* coupon)
Extended at
34% Jan
Feb
245%
8 J/4
Machinery common—25
Preferred
United Specialties,common.^—
U S Air
" 245
2457a
10
-
A-O
195$
ex Nov
Midland
Jan
Feb
177/a
25c
—
1
42
106
•
79%
Af-N
1950
Altalian
"
United NJ RR St Canal—--.
96 V/
99%
10374 106
165
104 7a 10474
104
194V
#1 1947 coupon
Superpower 6s—
Kansas Electric Power 374s
Kansas Power At Light 3'As
?
A
^
-
10 i
J-J
—1961
Ibswco Hvdro'Electn.. Co—
A7s with Nov 1 1940 coupon—_1952
j
Jan
25
dep rets ord regis
9
83
104'/a
1953
Power - 3 %s——1963
Power
(Dec
Debenture
United Molasses Co Ltd—
Amer
7
-
105
Bank—
series F—1
A 7s
•
;!
Feb
40
16
•
,9974 100
83
85'/a
J-D
1956
Interstate Power 5s_.
Jan
4%
Jan
A7s
A7s
Jan
32
■
/1027a
9974 100
84
A-O
St Fuel 372s———1965
•
87a Jan
67+ Jan
Jan
50c
com
common
United
9 2'A
93
$—
100
A/-Q
1993
1—1993
A 79 series E——
r
Calif—
series
High
17
1097/ 100%
"v
:
J-J
series C_——.—.'i——1955
a674s
-
r
$3.75
Low
38
/!
967/
*
"{•
1%
5
January!
No.
/94
96'A
M-S
1954
Series rBi——
A6'As
•-
|
Jan
100
Corp
Bold
RR—r
Western
St
International
5
U
Realization. Corp__
Jan
Range! Since
Bonds
High
105% 106
M-S
Indianapolis POwer At Lt 37»s——1970
J'
,
Jan
200
6
9 7a
96%
j-j
r
1969
A 1st mtge 4s ser B_
6s
i
1
Jan
9 J/a
(Bait) —
P
Hygrade; Food 6s set A.
*
|
Union
ser
7
•
Chemicals
3s
Guantanamo As Western 6s!
J
Unexcelled
mtge
1
272 Jan
.5,900
.
197i
»
;
„
Friday's
93
106
J-D
1969
Green, Mountain
J
Jan
1
600
>
Jan
;
Jan
97
•'
Q-F :/■
r.
———1977
—
AGeneral Rayon Co 6s sef A
Grand. Trunk Western Ry. 4s_
|
Jan
,93
93
'
17a
1
5
—1
Feb
92
100
:
9474 " 95
Jari
14
2tTi Feb*:2% " Jan
104% 104%
J-J
.1958
—
5s
Residential Mtge
5s standard.
1——i
I
»I
774; Feb
Feb
88
150
92
'17a
" 80
17a
17a *
9078
92
I100
convertible. preferred
Ulen
1948
1954
A 674 s ex Nov 1 1947 coupon
|
67* Jsui
Feb
6 J/4
7* v— ^
:
_
or
J-D ; :
Jan 1966
Finland
i
~
Inol
Lamp
i'
■
;
21'
100% Jan:
Feb
,
Bid Se Asked
Ercole Marelli Elec Mfg Co—
A67as with Now' 1 1940 coupon__1953
'
50% Mair
Jan
157V Jan
.*
Corp—
Elmira Water Lt At RR 5s—
«
Jan
;■'/
57/ Feb
50
5s._
Eastern Gas
)
Jan
1474
15'A
Feb
13
1,400
Week's Range*
Last
■
Feb
'
Electric
1st mtge 4s ser A__
.
},
137* Jan
51
12%
800
Jan
lO'/a Mar
3,300
J-D
]
Feb
Jan
Feb
16
200
-V
: }:■
27.
Af-N
,i,
Jan
137+
124
Jan v-
.44
.
3174
Feb
12% Mar
Tri-Continental
8O0
"
4974
13%
____
Tung-Sol
487a
'
*
Co
Amer dep rets del reg
Todd, Shipyards Corp
Toledo* Edison 4%//
pfd——
Tohopah Mining of. Nevada__—_
Trilnz
7a
1
Allied' Stocks——__
St
Jan
—1
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis______
11
48
5
common______
Jan
2,200
"1172
5
Construction
Brewing
Tobacco
1
13
—2
common—.____,
Tilo Roofing Inc—
Tishman Realty St
12
:ioo
pfd
500
/
Lackawanna of N J Division—
{
jtlVZ Feb
Feb
11%
100
29% -29%
12%
1074
*29
1187a
•
♦
common..—
Texas Power &
200
107a
Jan/'J
J~J
.1998
5s___—
Delaware Lack
t
■\
10%
95
.*
Salt Price
1—1970
mtge 472s
Gen
|
•/>
1
10
12'A
Interest
1st ref mtge 27/s ser Q_.
1976
1st ref 27/s series R____„_____1981
274s conv debs.^^—.. ..—
1962
Consolidated Gas - (Bait City)—
^
1-
f
Taggart Corp common—
Tampa 'Electric Co common
Feb-
27a
1960
Gs_
Consol Gas El Lt & Pwr
I
3% Jan
147+ Jan
Z
17
157/*'. 17%
..
_
300
107a
157/
14
1974
9974
1
Jan
5% Jan
350
99%
10%
1964
27/s
Debentures 3s
Jan
16%
Feb
Feb
10
Service
Debenture
Jan
7
Feb
274
75
3% Feb
14%
1874
1955 v."
——*
States
| V Debenture
Jan
Jan
-
1474-
1953
(10%
redeemed).
A57aS (10%
redeemed).
Cities
Jan
2074
13%
-
1,100
10
27a
10
-15
Mar
27 '/a
/ 574
650
7
400
-
-Feb*
,
-11% Jan
; 11% Jan
87. Feb
3'As./—1970
A5s
,)
17a Mar
16 J/2 Mar
1
C
Edison
ICentral
14% Jan
Feb
series
Boston
Jan
Jan
1-4
100
•
(Hugo) Corp
Stop & Shop Inc.
Stroock (S) & Co common
Sunbeam Corp—
47r
10
,
Canada—
of
Bethlehem Steel
I
;
Jan
1
1
/
-
20% / Jan-./VA
Feb/
10
Lew
City Electric 3 'As__
Telephone
5s
Jan
13
900
"
3 7/
50
_
,
J*n
r,16%> Jan
674 Fcb-
,50
'
Jan
257a
'
874* Jan
,
Feb "
"7a
Co common
5
Bell
Jan
774 Mar
,
;
] Atlantic
Jan
15'A Mar
10
;
Period
Associated Electric 472s
Assoc Tel Ar Tel deb 574s A
Jan
300
5%
1
Feb
200
10
--37/
'
"
11'A-
Jan
•-18% Jan
17%-Mar
/
r
Jan
,
35%
v
Feb1'*
.
Feb'
287a
137a Feb,/,;
.
100.
400
;•
,;'"r
Appalachian Eleci Power
1'
77t
774-
.100,
6%
117/
.
:
Jan
157a
15%
7'A
Jin
5s
£1
BONDS-
'
Jan
372 Mar
190
'.147V *147/
.17% "17%.
'76%.'
•'
I
Jan
27a Feb
54
156
..
x2i'/a Mar
15
New York Curb Exchange
.
■«.'
Jan
Feb
'/*
V,'
|
Feb
7
2,500
-
125
.
-
19% Jan
i
Feb
_
.
Jan,
114
Feb.;
337a
X22 'A X22 '/a
_1
receipts—
-i
•
Feb
140
.
«ir
Feb
102
37a
deposit
,
Feb f
15%
20
Jan
-,.4
■ Jan,.
">'2".. Jan-
Jan
j
*27
1
6%' preferences^
Feb
7
1,060
148
Friday
Feb
17a
22
54
—1
Stinnes
-t
2
600
4
—1
___.
l'/a
600
Jan
4
j
Jan
3y2
Jan
500
3 '/a
-
17a
1,100
3%
3%
IIIi
Sterling Aluminum Products
Sterling Brewers Inc
^Sterling Engine Co
Sterling Inc
:
146*
Jan
197/ Feb
117+ Jan
Jan
29
Feb
Inc;
Wright Hargreaves Ltd.—
117a Jan
,17a Mar,
_•
...
300
■
13
'/
Jan
237a
Feb
200
,
80.
7%
27s
4
•
Steel Co of Canada
27. Mar
*
Jan
Feb
'
American
-
u
Jan
674
17a
Feb
2574
Jan-
4%
Feb
9>/a
4,700
7
1%
•
Feb
27a Mar
,
;
7% Mar*
177a Mar
-50
1,400
17a
.,
3%
1
Corp.
Feb
2,350'
2%. Jan
Feb
16%- 1774*
*
'
5%' preferred? w w__
.____—__23
Winnipeg-Elec common.^
*
Wi'sconsin P St lt **/i % pfd.
—100 !
Woodall Industries Ino;^-.————2Wdodley* Petrtricum.—_i.—;—
/
1
Woolworth (F W)' Ltd—
s
*
Jan, •'
43
..19% Mar
.
600
v-
-26%
7
—1
.
9
3%
112
10
Wflson i Brothers , common______-
257a
8,7a Feb
,
1,000
..
.
978
•
1027a 103
Co_
-^•"-1
l '/a Mar
50
iy*-,
<i-
297a
*
Jan
1",
Jan
37
Feb
•.
374
650.
/
.2%
,
17a
Starrett
'
.36
1-200
,v
17%
;
9Va
:
(J.. B.)
.
100
8%
27a
9%
—
Stetson
Feb
500
17.
•
8%
Common class B——
(A)
'**
4
,
17%
■'1
——
Stein
Feb a
Jan.
Ine.
Products
tWlllson
>
317a
23
4f%
8OO.1
197a '21
21
—
(The)
-
7%
-
-
1 Va
10
preferred———
Standard: Dredging Corp common. —1
$1.60 convertible preferred—__. —20
1
Standard Forgings Corp.—.
—10
Standard Oil (Ky)
1
Standard Power & Light——
Convertible
Corp:
-
37%
5
:~2~78
Brewing Co__
1
Standard." Cap & Seal common—.
Standard
Standard-Thomson
Feb
Jan
■III*
—
Products
Jan
4r%
35 74' Jan
26.74 Mar
1,200;
2,600
38 Va
6%.
7%
■
5
3%
Spencer Shoe Corp.———
Stahl-Meyer Inc_—:
1,200
.27%
27/
preferred^—— —25
Preferred
97a
u.
337v Jan
5
Standard
474' Jan
29 74 Feb
30
31'A
29'/a
Ja» /
37/
;
f.
7 '
174
Weyenberg Shoe* Mfg.
.1
Whitman (Wm)
Ail Co—______
.1
Wfehita River Ofi Corp-——10 1
Wibkes* (The)' Corpc-i.—
9 7
Wflliams fR" C)' •At'*;€Ot___
^__
*
11% Jan
Feb'
27/ Mar
37a
x3614 .: x36
Southwest Pa Pipe Line—i———10
—
7374-
9.7/ Jan
"110% ; Feb-
Fel? ',
2,600
•47/
21B
•y7;
17"
Virginia? Coal At Coke..
—-,..3
Maryland'Ry 7^ 1st pfd—100
Tablet* At Stationery com—-*
Westmoreland/ Co»U—__i_
20
9»A-,
-
374-
'
3,l60
4/,,2%./Jan-"-
Feb
8
110%
Jan
x3%- Feb
7 74 Feb;
v
.500
>;
~8%,
-
1,300
——
.
South Penn Oil common—:—_____ 12,50
' * 3,300
'1,5C0
91/2. 10%
.
*
High
iy»,Feb'
>
■'=
.
West
Western,
400
300
,974
3
_
1
W^ntworth
T.25 ;
West • Texat Utilities - $6 preferred*—. *"
Westmoreland
—
Southern Pipe Line—
Southland Royalty Co__
Low
"274-
27g
!l"
37a
Corp—
Manufacturing—;
Jan*
4
Jan
90
Manufacturing coj——1
Corp_
L
Boss' Manufacturing -common—^——1
South Coast Corp common——
1
cum
warrants.
V"
,97/
WArner Aircraft
Feb
256
Feb
37a
400
' 374
3%
•
Solar
Southern California Edison—f
Range Since January 1
Western
3.90t* preferred
—-x—100
Smith. (Howard) Paper Mills—.
•_*
Solar. Aircraft Co^
1
4.82 to:
$2 cum* pfd^._
—
..30
WAtch rCoL_—i__l
Jan;
774
6% Mar
400
6%
6%.
i
,
232'/a
Sharek
-
High
87/
8I/a
"l7a* "l74.
M
:i%
WAltham
1174 Jan
Sioux City Gas Se
Semotone
274 A/-
87/
:
—-—100
Bond- Ihc..—.—1
&
WAitt
Jan
177a
A——.
preferred-ij_i.—
7%
-
1
—100
dep rets ord regis:
Elec Go*—
•
Mar
^eb
9 'A
>250
Low
,,
WAgner Baking voting trust ctts ext.*
WArd. Baiting Co
"9%
.
Co
Waco
12% Mar
900
13
Aircraft
Jan.
Jan
108
1047 ""Jan "
70
...
of Prices
Jan
Jan
'
Feb
Mar
62
*
preferred^——
Simplicity Pattern common
Singer Manufacturing Co'
Singer Manufacturing Co Ltd—
Amer
12 J/4
Sale Price
17%
167a
Feb
16
;
Curb, Exchange
Week's
Sales
Range / for Week
Last
;.
f
Par
'
Sijex Co common—--——
Simmons-Boardman Publications—
$3 convertible
500
"*-400
./-l,200
'
.108
108
:
Bick's Breweries Ltd———
•
13%. 1374
62
'64'/4
:
•
v
—
4%
16'/a
:
13%
A
■
73
■
Bhawinigan-Water & Power——
Sheller Mfg Co—
—-—-1
j
...
Jan
3
Feb
27a
1,400. :
137a
Feb
13
•
common—
.
High
LOW
High
STOCKS—
:
New York
Range Since January 1
-
-
20
--X
:X
:
.1.02%" io3'A
18 r''
27
7«
.
Volume 167
Number 4681
THE
COMMERCIAL
NEW
I OR
York
New
Curb
Interest
Last
Sale
Period
Exchange
or
income
A5s
Wash Water
West
WestiPenn
Western
Sc
Low
BONDS
3%s
1964
J-D
i 106 Vb 106%
102%
105%
2030
A-0
1106
107
106%
107%
;—1960
J-D
$117'
119%
118%
120
Traction
5s
f
72
72
72
77
101% 101%
reduced
Peru
(Republic
-
ioi
to
Is
to
Rio
f.
103%
de
Janeiro
1
stamped
reduced
(Plan
Week's Range
Last
Period
Sale Price
Included
Low
Agricultural
A
Mortgage
20-year
20-year
A
Bogota
7s
6%s
In year's
1919
M-S
1921
J-J
V
J-J
65%
—
i
33
33
33
39%
84
84%
84%
1953
__
Port
&
^External
F-A
78
78
78
ALima
City
(Peru)
stamped
Maranhao
Interest
j.
Waterways—
\
.
'
AMedellin
(Plan
reduced
7s
Mortgage
6%s
Bank
15
$22
25
34
34
14%
A7s
May
'(Issue of Oct.
A7s
U-N
J-D
•
24
25
vV:.v
'6
• v. v- v
•
$43%
$43%
A-0
44%
44%
;v i
h Ex-
for
cash
transacted
during
current week.
v:v vy
-Bonds-
••
Indus¬
.,
Util-
Indus—
V
6B
10
Second
Grade
^
RaUs
:-iftall4
Grade
%
roads
Btocka 7 trials-
ties
--
-
10
Total
''
utui-;
-
:
'^40
ties
Bonds
49.68
31.95
61.16
100.63
102.96
49.48
31.90-"
60.82
100.58
102.90
86.64
102.21 -i
49.00
31.84
60.45
100.65
102.89
86.66
102.24
49.54
32.00
60.82
100.70
102.88
86.76
102.26
98.15
167.21
49.58
32.02
60.77
100.73
102.88
86.64
102.14
98.10
166.99
49:90
32.00
60.82
100.70
102.84
86.50
102.19
98.06
168.94
^
167.71
.L.L.
102.18
86.64
'
9—
!
f
Rail¬
7
First
10
Total
167.48
6
Mar.
IB
20
trials
■' 8—
Mar.
166.76
v
98.10
98.08
"
98.11
-
Mar.
J-D.
J-D
$;w;.
81
81
81
11
Mar.|
$19%
1972
10
Mar.
1931
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
div.
y Ex-rights.
-Stocks-
Mar.
1947
d Ex-interest,
Ex-stock
are the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
on
!•v.- ■:%" Date—
Jf-N
1947
1927)
range),
g
r Transaction
range),
10
1951
1927)
year's
Stock and Bond Averages
30
of Bogota—
(issue of
year's
in
f Ex-distribution,
In
•
15
-
!.
3%
Below
7
$11
M-S
2008
2%s
to
stamped
3%
2%
flat.
traded
v
,
listed
'7
J-J
1952
stamped_1958
A)
2%
38
r
"
6%s stamped
69
3
\
-
Danzig
3%
Included
(not
range),
included
sales being
no
24
65%
,
M-N
J-D
,
15%
23
2%
year's
Ex-div.
x
24
$65
__
1955
1948
.
27
13%
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated;
"cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"W i," when issued; "w w," with warrants; ''x w," without warrants.
High
Loan—
5%s
External 5s_—
Low
being
22
2%
3%
transaction
transaction* (not
range),
of)
7s__
Municipal
$65"
A-0
Jan 1947
Bank
Mortgage
January 1
No.
High
High
27
14%
$22
J-D
§Reported in receivership.
..
*
Valley
Cons
External
>Vj
(Col)—
—April 1946
7s
(see
ACauca
Danish
Bank
Range Since
Sold
Low
A)
bid and asked prices;
A Bonds
Bonds
Friday'a
or
Bid & Asked
January 1.
No.
28
14
2012
Under-the-rule
n
$Friday's
Friday
Interest
J-J
1997
par value,
a Deferred delivery
transaction
(not included in
Odd-lot
(not
Exchange
Range Since
Sold
High
$26%
.1
•No
Curb
J-J
2%
to
Government
principal.
BONDS
Bonds
Friday's
or
Bid & Asked
of)—
2 %s_____
ARussian
;
e
York
Sale Price
2%s__*.._2008
A5%s
New
Last
Period
stamped (Plan A)
Interest
1959
Week's Rang*
Interest
Exchange
,
Union—
debentures
Curb
Low
Interest
M-S
72
l'ork
High
5s
Power
s
No.
1954
Newspaper
ennv
High
37
12
New
January 1
Parana
—
Electric
Penn
MARCH
Friday
»
.
Hotel—
debs
(1177)
EXCHANGE
ENDED
Range- Since
Bonds
Friday's
t>
nice
Low
Waldorf-Astoria
WEEK
CHRONICLE
Week's Range
Friday
BONDS
v*
CURB
YORK
RANGE
FINANCIAL
&
12
—
—-
OTHER STOCK EXCHANGES
WEEK
FOR
RANGE
MARCH
ENDED
12
Week's
Friday
Last
STOCKS—
Sale Price
Low
*
5'io
1st
Consol
'
preferred
G
4Va%
E
Lt
&
com
P
preferred
t
Co
class
t
v
-100
of
14%
6.75%
8
—
20
23
-
;
>-
Amsterdam
145
31
144
10
40
Jan
Commercial
National
'
■
e
■
■
'
■
105
■
V
2
105
25
10
Bank
„
10
10
46%
46%
--20
.
42%
42%
42%
V
1
.
Jan
'V '
«
.
Reece
Corp
27
v
Feb
35 Va
Jan
10%
17%
18%
933
.16%
Feb
20
Jan
25
•
:—
—
—
Rexall Drug,
4
13
3%
4%
676
3%
Feb
4
Feb
14
4s__
_.
58 series A
1973
Jan
Mar
10
235
7%
*
13%
Drill
Machinery
44%
Feb
48%
42
Jan
•42%
37
37
25
35%
Feb
common
—
!
—
:Waldorf System
53%
51%
54
55
56 Va
40
40
-V.
55
65
—
66%
Boston Stock
54% Mar
,
40,000
C8
STOCKS-
77
Jan
Mar
12%
Ainerican
Tel
American
Sale Price
Woolen —
Anaconda
Copper
Tel__
OC v69
*
;
^
a
17%
I100
100
Railway—
1
116%
—25
25
Albany RR
38%
—100
—
Boston Herald Traveler Corp
Boston & Maine RR—
19%
of Prices
Shares
.
37%
3,854
32
17%
17%
465
ie
65
39
36%
19%
'
100
Bearing
Range
a
56%
Jan
54% Mar
61%
Jan
40
Jan
38%
Feb
Feb
45%
Jan
120
14%
Jan
15%
Jan
25
Feb
30 Va
Jan
A
100
148%
Armour & Co common_—,__„>i_»._.5
Asbestos Mfg Co common—
l
11%
American
Tel
Tel
&
Athey
Jan
Automatic
Washer
Avco
Co
capital
Corp—;
-Jan
Jan
125%
41%
Jan
Products
Mfg
Corp
capital
1
10%
11%
%.
7%
550
-;i%
3
V 5
5 Va '
Jan
Feb
11V8
Jan
152Va "Jan
11% Mar
'..14% Jan
250
4
Jan
Feb
148% Mar
"
300
7%
7
8V2
4 Va
9%
700
X 4
High
Feb
3%
1,700
'
11%
i%V
100
100
10%
148% 150%
4
Low
7%
,
'4
_3
common..r
Range Since January 1
1%
Feb
2%
6%
Feb
8
Jan
4»4
Feb
5Va
Jan
3% Feb
500
4%
150
32%
50
;
Feb
Jan
Feb
Feb
7%
5
Shares
High
4
10%
Feb
20
7%
—•
Sales
for Week
-
of Prices
Low
_1
common
Jan
Feb
116
.2,309
Aetna Ball
Castings-*,-
44 Va
V
Feb
17%
50
Alum
34%
37% Mar-
30%
v
Advanced
153%
148% Feb
252
..
116 % 116%
19%
High
Low jX •••
38%
X;
X
Range Since January 1
High
148% 150%
37%
yj.y
265
19%
Jan
-19%
Jan
22%
•
prior preferred
-
-;.j
Sales
31
38%;
—50
Boston Edison
7%
Feb
Feb
Jan
703
..
...
Week's
Last !
Sale Price
•
Admiral Corp common—.—_—
for Week
Range
Low
_100
-100
._
Ine
Stamped
Jan
Jan
38
42
<
38%
•,.<
280,
15 Va
27%
Par
Exchange
Last
Par
Boston Elevated
40%
39%
26%
15
14%
;
Chicago Stock Exchange
Jan
65
417,000
Week's
Friday
"
Si
450
50
147a
W^stinghouse Electric Corp
48%
.5,889
_
Feb
Jan
-
Boston
%
10
—-$!—
Inc
Friday
Son
"
Jan
Jan
100
Jan
13%
*
Feb
VM Mar
Jan
35 Va
•
.preferred
Rubber
S
11%
179
25
Co
Shoe
U
464
36
25
Fruit
United
6%
100
12%
36
5
—
13%
12%
•
.
&
5% •Feb .>:"
•
Inc
Co
STOCKS—
Bird
12
75
V4
■
54%
1'975
&
30
210
13
12%
7%
Assn___
Twist
Union
Jan
116Va Mar
28%
1
2.50
Inc—
Webster
&
Torrington
Feb
106
Mar
10
•
75
Feb
25
High
31 Va
'•
Baltimore Transit Co
^
■
«
116% Mar
5
'
r.
105
'123
-46%
;
Jan
1
26
BONDS—
,1
■
9
116% 116%
v.
25
--10
Jan
40%
Jan
65
Low
30 Va
:;Jan
;
150
'
...
20
Range Since January 1
High
30Va
50
United
-
'
67%
—50
common
Fidelity & Guaranty-
Western
'-<• Jan
'
67%
Low
Pur
Shares
•
Quincy Mining Co
Jan
108% Mar
Mar
40
_
Casualty
108Va Mar
40
'
_x_—
_
130"
144
10
..
preferred
prior
Seaboard
U
5
14%'Mar
16%
t
Stone
■
__
preferred
New
2.00 Mar
92
108% 108%
r
7%
535
Vernon-Woodberry Mills—
Common
•;
2.60
14%
Jan
Shawmut
-ioo
of Prices
High
233
13%
'".■■■
"
Pennsylvania RR
Bait—
B_
Fidelity & Deposit Co
Fidelity &; Guar Insurance Corp
Mount
Low
14%
2.00
2.55
c__
c
Range Since January 1
14%
—
v
Shares
High
14
•
V V
■;
Mills
Pacific
for Week
Range
•
Sale Price
<
Sales
of Prices
;Last
,
STOCKS—
for Week
Range
Pair
Arundel Corporation
Baltimore Transit Co
Exchange
Sales
Week's
Friday
Baltimore Stock
22%
24
380
22%
Feb
26 %
35%
36%
355
32
Feb
38 x
Feb
*
—10
36% x37%
■
11
1
Binks Manufacturing Co capital
19
10
19
100
17%
11
-
1
11%
200
11
10
200
9%
X37V2 Mar ! 1
Feb
20%
Feb
V
Mar
9% Mar
13
Jan
; Jan
12%
Jan
Jan
35%
Bastian-Blessing Co common
Belden Mfg Co common
Berghoff Brewing Corp
•
f
-
'
Borg (George W) Corp—_________10
Borg-Warner Corp common—
5
Brach
K,''
Sons
&
(E J)
capital——:
Boston Personal Prop Trust& Providence RR
100
Calumet &
—5
6%
6%
130
6%
Feb
7%
Jan
Burd
10
34'%
35%
55
31%
Feb
36%
Jan
Burton-Dixie Corp
Butler Eros common
75c
75c
75c
Jan
75c
io%
10%
10% Mar,:*
250
;
11'
'
-
L,
46%
■
46%
"52
100
52
44
•
46
Feb
52
.51
Mar
44
Mar
V2
j60
45»A
200
Jan ; ;•
Jan
Jan
Jan
Cities
East
Hecla
Service
Boston
Eastern
-
Co_.
Mass
Street
series A
preferred
preferred adjustment
5%
Lines
Inc
Group
National
!
Kennecott
2%
2%
70
16%
4IV4 Mar
86
22%
2%
25
70%
86
common.
Jan
Co
Bruce
(E
Piston
L)
Assoc
27%
_
Stores
Razor
Central
3%
Feb
Jan
Corp
Cent
111
&
Secur
S
W
Jan
70% Mar
Feb
86
Jan
22%
30
22
Feb
23%
140
24
Feb
26%
Jan
Chicago Corp
27%
27%
■
26%
Feb
30
Jan
Convertible
52
**■
50%
49%
39.74
•
—
common-!
preferred
Alkali
38 -
<
Works
'
49% Mar
287
-
•
251
32%
2,730
29%
31
1,159
45%
14%
25
31%
14%
7
31%
31%
7
31%
472
38.90
■
Feb
Util
Central
States
Burrell
j;
'
■
,
Pr
28
Feb
42%
Corp
Chic
36
Jan
Chicago
36%
Jan
14%
Jan
6%
49%
Jan
15
Jan
Club
Jan
Commonwealth
Feb
50
31%
Feb
'
-
7%
";36
1
see
page 46.
Feb
Feb
10%
300
4%
950
4% Mar
1%
12s/a
6
Jan
Jan
1%
Feb
lVa
Jan
8%
Feb
J) V4
Jan
1V4
50
9 Va
1,400
8%
B'A
10
8% Mar
21%
:
>;
21%
75
21% Mar
934 Feb
25%
Jan
12 Va
Jan
64%
Feb
65% Mar
200
100
V. 1 %
8%
—
'
10 Va
•;
!
'
v
10%
10%
2,400
65%
65%
100
•'
Island
1
8»A Mar
V
.
Pac_ vtc___
Towel
Convertible
Co
preferred
Chrysler Corp
(new)
Products
Edison
Co
28%
x75
•
*
'
common
Aluminum
_*
common—-.
.
.—2%
com—
common
54%
*
25
55%
7l/a
Feb
9Vs
Jan
Feb
31 Va
Feb
71
Jan
80
Jan
20
-.
115
115
A'-*,
28%
75
V
26%
10
8
8
_*
&"'"Pacific +4om
115
6 Va
50
26%
r
52%
600
6%
257'a
26%
4,100
115V4 Mar
Mar
63%
Feb
Jan
7Va
Feb
Feb
28 Va
6% Mar
25%
Jan
Jan
35
28%
Feb
33 %
Jan
20%
Domestic Credit Corp class A
Eddy Paper Corp (The)
50
Mar
24 Va
Jan
Elgin
Nat'l
12
Jan
Flour
Mills
17%
Jan
10%
10%
275
10
14%
15%
245
14"% Mar
Feb
30c
35c
1,400
11%
11%
12%
4,233
11
Feb
12 %
Jan
84
83
84%
320
83
Mar
91 %
Jan
43 c
42c
47c
69c
Jan
1,200
30c
38c
Feb
Feb
45c
Jan
(Peter)
Watch
of
Inc
common
General Finance Corp—
Preferred
"Gibson
Refrigerator
common
Co
3V4
Jan
85
20
82
Feb
95 Va
Jan
15
15
15
100
15
Mar
5
15
15
15
500
14%
Feb
16%
Jan
-1%
11
11
12%
11
Mar
19 %
Jan
8
Mar
1
23/4
2%
•
10
——
General Motors Corp
Feb
85
15
Co
America
Brewing
-
common
10
1
8
51%
-
,
3
800
1,000
100
8
51%
52%
8%
8%
2%
500
•
7% Feb
15%, Mar
8
51% Feb
250
!
For footnotes
Jan
16%
18 V*
16% Feb
10% Mar
.
!
Rock
20%
15
^.2,50
„
50
12% Mar
150
100
4%
*
!__
30%
10%
20
4%
5
common
30
5
ioo
*
'
Jan
Feb
20
110
i
i
England Electric SystemEngland Tel & Tel
13
17%
10%
—
50o
pfd
.
Jan
31% Mar
Lt
common
58%
Fox
Cos
_1
common
common
&
20%
*
_1
1
common
preferred
41.21
1
It
—
corp class B
Narragansett Racing Assn_.
Nash-Kelvinator
North Butte Mining
40.13--
44%
30%
__100
ioo
Mullins Mfg
National Service
.
•
400
12%
17
Jan
24%
>
:
Co
10
1
Central
66%
81
39.95
32
12%
_12%
'
35
m
Theatre
RR
—
Biscuit
90
.1
m
1
common
Chic Mil St Paul &
Boston
Maine
Mathieson
22%
•
5
common
Ring
24%
100
9
Copper
Loew's
New
100
Feb
Feb
,
Gillette Safety
New
2%
ioo
.
General Capital Corp
General Electric
5 '/o
13%
34
Cherry
SS
Employers
First
-ioo
^——100
B
Eastern
75
100
Carr-Consolidated
:
1st pfd
14%
41
Ry—
Common
6%
14%
41
•
Boston
58
1
8%
Mar
Jan
Jan
*
Monday, March 13, 1948
COMMERCIAL & FINANCIAL CHRONICLE
THE
(1178)
38
OTHER STOCK EXCHANGES
Low
Co
Gossard
Lakes
Great
Corp
Corp
Inc
Horder's
(new)
Bartiett
.Spencer
common
common.—
Corp -common—
Hupp
Brick
Central
common
200
39
Mar
43
Jan
Formica
18
18
16%
50
17%
15%
Feb
9%
19
19
'50
18%
27%
28%
500
24%
9%
9 %
100
3%
,
Kroger
f
'Lunkenheimer
30
Feb
Mar
Jan
?
57%
58
7.0
57% Mar
64 ¥a
21
200
20% Mar
x21%
3% Mar
4 ¥8
Jan
U
9 %
Feb
13
28%'
200
28%
Feb
32 ¥4
23
20%
23
250
28% Feb
23
Mar
21%
21%
100
21%
Jan
22
;Mar
6%
156
6 %
Feb
8%
8%
350
6%
Jan
Leath
Co
&
8%
common
*
Marshall Field A Co
58
Jan
.50
__
9
721
62 ¥b
13%
100
13% Mar
42 ¥2
66
48%
49 ¥2
140
48 ¥2
Feb
National Standard
North American
"
HI
Northern
Northwest
*
Corp
common.,
Bancorp;
Jan
61 ¥4
Jan
Akron: Brass Mfg.
Jan
}
American Tel' At
Jan.
; •
150
9
'7% Mar
-
10
Jan
9
9
Feb
Jan
\
Tt%
.
33,
-
50
8%
360
Feb
Feb
Jan
6%
preferred
Perm ABlectric -switch class
16Jan
•«% Jan
Quaker Oats Co. common
Rath Packing common...
8 %
.
90
a-8%
17%
18%
82%
82%,
—
29%
29%
*6%
18%
—*
10
l'OO
100
9-
119
29%
'
*
Sangamo Elec Co common....——,
II~1
Schwitzer Cummins
capital
Sears Roebuck As
Bend
South
1
Spiegel
t
Inc
Ind
Corp
37%
Jan
28
1,300
26
Mar
32 ¥2
8 ¥4
Jan
^I<5re«
!
8¥»-Jan
i
17%
7 ¥4
1,800
"
Feb
8%
20
-.
25
Jan
500
38%--:
-
Feb
10¥»
33
2% Mar
^mmon--! vl 10Q
•
76 ¥b
76 ¥•
Halle
.
3 7 ¥2
7
Jan
i
L
,
i
\
41 ¥20
-fi'y 12
,,,—.
Tool
Mach
—5
common
22%
-
^
7% Feb
6% Jan
400
IW2 Feb
24% Feb
too
30%. F-eb
36% Jan
21%
22%
31%
32 #
18%
i
58 %
100
.3®% Mar.
21 ¥2
400
52 ¥»
58
•
;
; ¥•? Kelley -Island 'Lime M Tran?-'i____-_!_»
M(^€e''lA.G)..2'clasitNv!--'-----—-v—1*-
\
Jan
i;
.
X
,
-
25
Feb
v-
„
(The*
Co
Trene
common
,
US-Steel common.—,
Indust
Woodall
common
Alleghany
800
68
600
-
.'.82-"
:
■;»f. 40-
62
-
10
10%.
500
10
10%
10%
10%
11%
200
Bee trie Co
12% Feb
26%
Feb
29 ¥2
Jan~
31%
31%
new—
31%
100
30%
Feb
34
•
'•
-30%-
3 !•%
1,100,
,
30% Feb
-
;16%- Jan
10 ¥4
Feb
.■
8%
4%
Jan
.5%
5% Mar
Packard
Motor
Put* Oil
com
Radio-Keith-Orpheum
Corp
A
Co
17%
Jan
15 ¥2
Jan
Jan
)
4%
-
19%
17%
4%
Feb
100
8%
Feb
-.
18%
27
Mar
'400
4%
-9-
26%
20%
21'¥b
Jan
Jan
Feb
7%
Jan
9%
Feb
Jan
¥2
15%
15%
71%.
71
•'
26% Jan
15%
.1,800
14%
Feb
17¥«
.300
89 ¥4
Feb
78%
(
17.';.
10%
10%
1,200
2%
>2%
2%
1,100
13%
200
13
13
'.
Friday
-
Week's
-
21%
Jan
i,
11%
Jan
'
Electric
Allen
9%
Feb
2%
Feb
2%
Jan
Feb
16%
Jan
f
'
C
N
O
&
Cincinnati
'
*
8.50
—..—TOO
Cincintifit)
T
i_——I
P
Street
Teleohone
Cincinnati Union
Stock
__20
2
50
Yard_____—*
—
For footnotes see page 46.
3%
5%
100
V
Range Since January 1
High
29% Mar
32% Jan
24%
3%
5%
Feb
•4
3% Mar
'
82 ¥2
7%
! |'
79% Jan
.
t
-V-
■
A»socIsrfeV''f^ITv
,
'*
DETROIly
'
::r
Sales
Range
for Week
Shares
.
Low
Range Since January I
■■-—.Loifi-.
High
Bros
82 ¥2
1%
125/b
100
1%
12%
12%
V
-
II-
High
250
Feb
1%
300
,:
100
55
Feb
'
,
(1%
Febf
::'47/B
"52%
Feb
21 ¥4
.
20%
890
4%
4%
207/b
1
common.—:———.1
9%
Feb
3,870
•
Jan
3% Jan
7%; Jfin
4% Mar
Mar
4
20%
4,668
21
Feb
23
6 ¥2 Mar
21%
Feb;
Gar
Ale
Wood
Industries
1
———
6
1
Feb
23
Feb
26
93
Jan
96
Jan
9%
300
9%
Feb
Feb
103/4
11
400
10¥a
22 ¥2
200
Jan
20%
20%
; 2 ¥b
2%
94c
•6"
:
.
-
6
7%
,
»
4%
4
90c
80
491
146
74
13
100
12 ¥2
81 ¥4
Electric,.
Feb
Jan
Mar
81
Jan
Kresge
Feb
13
Jan
Lansing
■8
%
.10
50
1
1
—__ 10
1
common
Kaieer-Frazer common :
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*
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:
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-
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400
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:
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32
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500
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26
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49
100
49
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1,250
i
13%
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'
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-common-.—-—-2%
Shoe
8%
.
27%
common.
Oak- Manufacturing
Jan
Feb
Jan
15
..
40
for Week
Range
of Prices
Sale Price
STOCKS-
Jan
7%
715/b
Feb
Sales
Week's
Last
Jan
9%
22% Mar
4,800
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13%
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22%
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19 ¥2
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44 ¥4
8%
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prior
250
22%
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SI
58
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67 ¥4
Ctevelami Stock Exchange
Jan
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common
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57%
';
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29
Jan
8 ¥4
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17
46%
Mar
42
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Feb
Feb
24
-13 ¥4
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8%
400
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17
7
Lindsay Lt A Chemical commons
17
17
17
*
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Libby common
Lincoln Printing Co common..
50
\o%
40%
5
65%
Friday
Kellogg Switchboard
14% Mar
185
24
.:
;
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Power A Light com—
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448
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24
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s
!
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Jan
J'
200
28%
10
Jan
58
65%
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28%
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Mar
24
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Jan
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20%
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I
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Jan
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100
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Gibson Art
21 * Jan
16%. Jan
Feb
1,650
21
21
L
:
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Low
19% Feb
173
20%
20'/a
Kahn
com—•
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Pneumatic
Independent
Indianapolis
Indiana
RR
39%
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15%
16 Vb
10
100
capital
Co
Illinois
Illinois
Jan
1
3
25
*
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Werner
31
,
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common...
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Hlbb
Fell
1
Harnischfeger
Heileman
Hein
28
1
Hammond Instrument Co common
(G)
700
39
Razor
Tire &
30%
Range Since January 1
»^Shares
High
Low,
Par
High
Low
High
Sales
for Week
Range
of Prices
Sale Price
Range Since January 1
29%
29%
common
*
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*
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•
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Goodyear
Last
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Week's
Friday
STOCKS—
r.
for Week
-
Par
Gillette
,
Range
of Prices
Last
Salle Price
STOCKS—
Sales
Week's
Friday
,'
ENDED MARCH J %
FOR WEEK
RANGE
Jan
"M,
Feb
23%
.
_
Jan
7
Jan
8
Jan
210
8%
Feb
15
Jan
600
1% Mar
■7%
7%
200
8%
9%
1%
1%
33%
33%
163
33%
Feb
3%
3 ¥4
200
3%
Feb
•
'1 %
37%
;
.
Jan
Jan
3% Jan
'! ¥
Volume
>>> >>>>>: THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4681
167
FOR
RANGE
Week's
Friday
Last
>
y>
.
1
•
•
■;•:•,
!,
5%
1
Mfg
preferred
conv
»
Masco
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j
Par
Screw
Michigan
Packara
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Motor
t:
feuinsu.ar
» 1%
100
1%
1 Va
Feb v? • »••*%• Jan
5,397
1%
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1%
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Standard
I
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Paper
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■
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&
4%
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:'•>
3%
300
28%
497
Allis-Chalmers
1
3
—
3 Va
3%
Jan
Jan
'
6%
8%
Jan
900
2Va
Feb
3
Feb
3 Va
Armour
3Va Mar
850
•>'
6% Mar
Mfg Co
Rolling
Avco
—100
Co
Copper Mining
Co
Ac
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Corp——
10'A
10'A
350
10
1
13 Va
13 Va
250
13
Feb
24
24
100
24
Mar
Feb
Jan
12
17 Va
Baltimore
Mar
&
Barnsdall
Jan
'24
Oil
Ohio
RR
Co_
comnior>
Wayne Screw Products
j.
'
1
common
Los
1%
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/~
2
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900..
140
>21%
13
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mi- 13 Va
7,183
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19 Va
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6
>
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Cessna
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Co
•
Creameries
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>
4
_2.50
Corp
of America,
22 >/a
28
10
15
>5o :■
13%
Mar
50
29%
Aircraft Company
Dresser
Industries
Electrical
Farnsworth
Tele
At
Stores
A
class
•65c
5V4
5%
1
8%
10
-
8 'A
51%
•
,
Co—•.i:*
&
30
13 Va
65c
1
Corp
13 Va
21%
163
13
%
Feb
51%
5% Ma r $ ■
500
11%
Feb
35%
Jan
29%
Jan
a30%
215
35
Jan
a26%
a25% a26%
150
•
Hilton
Hotels
Corp
39%
40
12
12
2.40
2.50
9
1
Hudson Motor Car Co
•
a 15
.6.66%
16'/4
Hunt Foods
Inc
•
common....
2.40
<
a
3,800
15 A15%v
16%
^
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Corp
190
50
10
Jade Oil Company—
Katser-Frazer
Cofp
Aircraft
Lockheed
Los
Oil
Mascot
21'%-:
10c
9%
21%
1.29.
15%
v, '.<>:7
V2
Co
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Electric
(B F)
1
—
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4
1,580
50
38
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Feb
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170
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18
Mar
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2
5
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lo
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v
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V
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10%
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,
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16
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'
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2%
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13
Jan
270
18%
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Feb
27 Va
27'A
265
25%
Feb
29%
Jan
44%
•
44%
335
44% Mar
45%
Jan
Philadelphia Stock Exchange
Friday
STOCKS—
>
Sale Price
>•
,
Stores
Tel & Tel——1
:'•• ..>, '/■ *•;' -•
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Jan
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Co
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Works
,
>22%,;
148%
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12%
54%
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Delaware Power & Light.:
General
Gimbel
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Battery.
Corp
Brothers
.^_^-13Va
>280
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148%
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kigh
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*
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15%
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Mar
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8
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Feb
63%
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7
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;
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110
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r
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543/a
7
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13%
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Lehigh Coal & Navigation
Low
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85/a
—•
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:High
22%
110
„
———2Va
Co...
Shares
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-
Corp common—,.50
r_——*
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Publishing
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*5-'
39
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for Week
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Par
American
sales
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of
v
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-Jan
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__
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,
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V
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t_
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18
27
18
—
1
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>
—
Western Union Teleg Co class A
Jan
68%
41
'
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-
10%
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41 %
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•28% iJan
:.
11% Jan
25
■80
443
27
a8%
Last
Mar
50
68%
common
X
•
>10 % Ma t
62Vi'Jan
Corp—
Universal Consolidated Oil Co__
\
-
Jan
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8
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•
1
Mar
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:
Jan
__
375
8%
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Webster-Inc
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55c
9V4 Feb
all'/a all%
16% Feb
Mar
136
Feb
Feb
55
__
221
; >
,
(33% Jan
44%
10%
(N
-Jan
1,155
10%
20% Mar
al8
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.—
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—
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Co
Warner Bros
201
2,606
10%
Feb
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al7'A
__
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25
-—•
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►
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•
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Feb
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33Va
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•
-
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25
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r
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:..41'-i;'-Mar
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Feb
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J
75
396
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35c
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5
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47
35c
1
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256
129 V2
Jan
11%
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—
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Texas
1,920
130
Co
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25c
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16%
16.4
—
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—
100
Co
Jan
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•
27
8%
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—
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Aviation
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a34Va a34%
>:'• 46
Feb
.10%
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632
1.05
.
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38
25 y4 Mar
—
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25'%
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''51%
'
3%
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*
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Swift Ac Co
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39
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12% Jan '.
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2 j% 'Mar
>10 ••
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50
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Pacific
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Stone
Feb
30% Mar
v Mar
49
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> %
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47
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Jan
14% Jan
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22%
13%
Jan
19
-
185
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j"
16 Va Mar
3oo
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49
25
30
—
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13%
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25
.
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American
Standard
2.85 Jan
Feb
23%
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Southern Calif Edison Co Ltd com
>
21 % Mar
390
a38
?
15
Corp
Schenley Distillers Corp
Socony-Vacuum Oil Co
9% Mar
,48%
1
p....
Sinclair Oil Corp
Lt
49
5
Trading Corp
Signal Oil & Gas Co Class
'Signal Petroleum Co of Calif
'> Solar. Aircraft
240
a7Vi
12
1
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—
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Ac
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Republic
48%
1
_
Finance Co.
Cc
Jan
alO'A alO'/t
32
>32
—
•
Republic Steel Cofp
Jan
23%
1
'
>31%
"2,144
30
31%
Jan
2%
a7Vi
—
Canada—*
Radio-Keith-Orpheum Corp
Jan
20c
12% Feb
:> 50
>897
30%
_•
common
Sierra
,
30%
2.50
r
Ryan Aeronautical "Company..
■
•
—
Feb
8%
Mar
1.95
TOO
:•
•■•:%
1
common
Sears Roebuck Ac Col—
|
j
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;
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:'
A
-
.10:
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Seaboard
—
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*
Radio Corp of Amerioa—u- *
Jan
>3%'
.6% Feb >:>
35c
"4,609-
16'A al6'A
30
->'
Pacific Lighting Corp commonl.j-.. *■
Public Serv. Ist. pfd
Republic Petroleum Co
;i Rex all Drug: Inc
;
> •31%
■
Pacific
;>, Security
of
Tel
Pennsylvania Railroad
Pepsi-Cola Co
Jan
1.30
v
...
Jan
16c
Jan
-
Feb
3 Va Mar
Feb
2.15
.25
I
|v
-
—_—
preferred
Rtchfleldi^Oii' Corp
28 %
2'A
Feb
1.25
270
-
Jan
59.
2.05
a
;
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>.
25% Mar
1,400
110
'
*
&
Pullman,
35
40c
2.10
:-ie
'
Indemnity
McNeil
Standard Oil Co
common.. ...—25
>
274
2'/a
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a6
40c
_
f.,
;
26 Va
a6% a6Vs
•a49Va a49%
1
Co
Paramount
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2,000
r
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-
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i
11%
—
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New York Central
'
Products
w
Feb
14%
Corp
Tel
North
'
•r-'-, vT>: •'
common-
Common
10%
21'/a
*
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Northern
Jan
a3
,a3.
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——1
:>•
-L.—
Pacific Finance Corp
5 %%.: '1st
250
14'/a
—•
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Nat
14%
270
J
•
10%
21%
5
Co
Nickel
Packard
1:10
>
>500
•
1
Corp
Elec
Jan
10%
25%
2%
—
3
Montgomery
•22% "Feb
•
849
-
1.05
:
1
_
Jan
Feb
r.ii*20%r:
s
•I'4,100
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•:>•>.2'
—
Oceanic Oil Co
At
58%
36%
__
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Iron
McKesson
Jan
270
;
Gas
Jan
53 Va Mar
-34%'Mar
•
Utilities Corp
North American
'8%;
800
:
270
>
1
City Lines Inc..
Nordon Corporation Ltd
Northrop. .Aircraft Inc.
Rights
12%
80
2%
Loew's Inc
>uji4%^an
22c- Jan-:V--'> •34c
-2,190
,1.09
..
—_—.
National
Clay
Jan
Mar
10
•109
26%
*
Libby,
Jan
-
57%c ,Feb.
12,500
1.25
17%
100
Co^.r.
Monogram Pictures Corp
Pacific
Jan
10%
34%
•
Co_.v..__^
International
4V« -Jan
> 3,000
>
>: 22'■
1.10
Corp
Petroleum
25% Mar
52
Feb
8'A
34%
—
Phelps
1
Menasco Manufacturing Co
Merchant* Petroleum Co
Occidental
33c
8Va
9%
1.20
32c
j-";
......Is
Co
Investment
Angeles
:
l
:
Petroleum
.1.05
.—10c
Lane-Wells.' Co;
Lincoln
150
.
—
Share
Ac
International
1.55Jan •
15 % Feb ?
4s:
16%
a3%-a3%
1
.-.
Petroleum
10
10
a53V» a54%
Feb
Jan
125
—
1
Pan
Intercoast
23%
47
60
a8%
1
(N
31% Mar
'
Holly Development Co
Hupp Corporation
:
a8%
25
Corp
Y>
Kennecott Copper Corp—.—
>>V95bA Jan
■
Goodyear Tire As Rubber Co common..*
•
Corp
international
Jan
12: n.
■
Co
Aircraft
a46% a46%
—
Greyhound Corporation
W *34%.Jan
600
362
185
Feb
a54%
Graham-Paige Motors Corp
Great Northern Ry Co pfd
8'AMar:> V>;"9% Jan
51%--F&> »57% Mar
24 ,V;.Feb*>: :»27% Jan
>vX>f
39 Va Mar V" >>43 %.• Jan
545
.
10%
Jan
496
•;
•
24%' 7-24 Va'-
Jan
Feb
5
Goodrich
Jan
24%
\y
6Op-"' 'Feb-
1,451
.
Jan
15%
Feb
•
Southern
Edison
Bond
General
Mar
12 %
Jan
..
Ac
General Public
>>' V 58% Mar,.
1,000
*-
5%
Feb
10%
-Publishing Co—
Curtiss-Wright Corp common..'—^
Jan
32%
Fefej
150 % Feb
1,950
a23% a23 %
4
General. Motors Corp common—:
Gladding MccBean
58%
1
...
Radio
57
•
.
-—50c
Corp
Ltd class A
~
Pitzsimmons
*
Inc
Products
Exeter Oil Co
Inc.
Feb
12%
27%
10
•
Company.
Vultee
Interlake
Douglas
4%
25
33
10
Curtis
"63% Jan
"Mar /
10:
50
13%
*Jan
*4
"54%;Feb
310
a4%
a
50
_25
Continental Motors Corp—
Continental Oil Co (Del)..:
Felj;
31% Jan
16% Jan
Feb
10 Va
Cons
29
yFebi
4
Jan
20
Electric
13%
Jan 'C
1,370
97%
Jan
•
>7% Jan
Feb.
21
,»4'- ,■» 300
91
20, .Mar
-500
a31% a31%
1
Feb
7%
Jan
'13'/a Mar
'
Jan
162
a35
—.-
Consolidated
Jan
24
;
.
10% Mar.
•;f>>i3>
'54% "55%
•
Inc
1%
;
>6% 'Feb';:
2,595
23 V8
4
'
_>
•
17%
2,350
.
,>>:£? >al3% al3%
1
——
Steel
8%
103/4
Jan
Feb '
10% Feb
775
-
®281a'a26 %
20
1
800
.
.
V? >6%
8
———.--—I
Chrysler Corp
consolidated
20
.
lOVe
Central Investment COrp
Certain-teed Products Corp
400
V
14%
—
Service
Jan
Jan
34%
a35
•
Pacific Railway Co
Jan
152%
10%
5
Commonwealth
>;4%>dan:->> V :6%>Jan
22
i
148% Mar
a28% a28%
a30%
a32
5
Co
Columbia Qas Ac Electric Corp
Commonwealth Edison Company
High
•
'5%
33 Va
Corp
>-
967
•I
Feb
—
-•
Caterpillar Tractor Co
Low
56
Jan
11% Mar
a4%
a28%
Cities
.-Range. SinceJanuary 1
> Shares
28% Mar
52 V«
32
al3%
5
Canadian
High
27% Mar
170
Jan
22
Broadway Dept Store
California
2%
;
lVa
•
Home Appliances
Blue Diamond Corp_.
Bolsa
Feb
Jan
>5%
j
10
;c %{:
Bendix
Low
<
Company ——»i._:l
Corp common—
Basin Oil Go
:
2
Sales
of-Prices
—___50c
Petroleum
2
Feb
Va
for Week
Range
•tSalc Price
Mfg Corp
Barker Bros
1
100
Week's
Last
Bandmi
2
3,215
Angeles Stock ) Exchange
STOCKS;
1% ?
230
a89'/a a90'/a
—
5
Corp
Bethlehem Steel Corp
Jan
284
100
_i
Co
14%
520
—
13
Aviation
.Bendix
_
8% Mar
11%
11%
Budd
Aircraft
1
Mar
a
Jan
12% Mar
*
:a30%'a31%
__
3
3
f
Jan
Baldwin Locomotive Works
common
High
Mar
a_7%
■1,166
1,409
148% 150%
11%
Fe Ry—100
Santa
a50
fa31%
5
(111)
Topeka &
28'/a
,
.
—
50
Co
28%
a49%
—
13
a49%
•
3
!■
•10
8%
>;;12%
—.
10
Co
100
3
8%
Boeing Airplane Company
Borg-Warner Corp
Warner
■
Low
a34% a34%
8%
1
Mill
Tel Ac Tel
Atchison
Range Since January 1
High
3
—*
—
Smelting Ac Refining
Anaconda
Jan
560
1
——
Airlines
American
Jan
29
Feb
4%
Amer
Shares
Low
American Radiator Ac Stand San Corp_*
Jan
3%
33%
25 Va Mar.
1,100
6%
2%
Va
4%
Feb
Feb
3%
1
.
Corp
American
Jan
1%
Feb
•4%
28
100 V
>
5%
6%
2%
__
25 Va
5
5
common
Products
25 Va
;
rommon
—
Alleghany
Jan
2
1% Mar
• •
203
3'A
■
common
Corporation
Udyllte
'.
B
.loo'
28'A
> 28 %
2%
common
clf^
1%
4%
*■.
—
common
Feb
for Week
Stocks—
American
Prouuckb—
Meiai
6% Mar
1%
...1
common
Parke, Davis
Parker Rust-Proof
6'A
Unlisted
J
•
Car
Park Chemical
450
1%
1 Va
Par
4Va Mar
1 %
'
|
4% Mar
Range
of Prices
Sale Price
High
100
.
6%
1%
■■.■J
1
—_(t
common:.:
Low
Va
Sales
Week's
Last
STOCKS—
Range Since January 1
6 V2
1
common
4
39
12
Friday
Shares
.»
High
'4 Va
10
.
Products.^
Oil
Low
MARCH
Sales
of Prices
—1
common::
ENDED
for Week
Range
Sale Price
>5
■
McAleer
r
'.>••>■
STOCKS—
WEEK
(1179)
52%
49%
Feb
51 %
Feb
58%
40
17%
Feb
21% Jan
10'A
255
9%
Feb
10%
6%
2,376
Jan
Jan
Mining Stocks—
I,.-
Black
Mammoth Cons
Cons Chollar G
Zenda
Gold
For
&
S
Pennroad Corp
10c
footnotes
t.ee
page
46.
i
4c
1,000
4c
Jan
Jan
Pennsylvahia
1.15
1.45
'3,091
70c
Feb
1:45 Mar
Pennsylvania
_25c
Mining-Co
4c
1
Mng Co
Mng Co
5c
5c
3,500
4Vac
Feb
5c
4%c
Jan
Pep-Boys
•
1
Power Ac Light
RR ;
—
——
•
50
—1
57/a
__
18
5%
Jan
6% Jan
18%
19 Va
888
18
Jan
19%
17 Va
18%
3,513
16%
Feb
20%
Jan
4%
43A
100
4%
Jan
5%
Jan
Jan
40
(1180)
OTHER STOCK EXCHANGES
RANGE
Week's
Friday
Last
,
Low
12
Week's
Friday
for Week
'
of Prices
Par
MARCH
Sales
Range
Sale Price
STOCKS—
WEEK ENDED
FOR
Last
Shares
STOCKS—
Range Since January 1
Low
High
of Prices
Par
High
'
Sales
for Week
Range
Sale Price
Shares.
Low.- High
Range Since January I
_
.....
,
Low
High
■"
-
Philadelphia Electric Co common-
21%
21%
22 %
Si preference common
Philco Corp common
24%
24%
24%
28%
28%.
28%
___3
..50
Reading Co common—,___
Salt Dome Oil
Scott
Paper
Corp—
'
'
'
.'.40
Feb
•
21%
Feb
•
28
152
23%
—5
21%
2,715
Jan
33%
Jan
Doernbecher Mfg Co—"__
.
Jan.
$3
24% Jan
17%.
17%
80
16%
Feb
20
Jan
Doiy Chemical Cq
10%
100
9%
Feb
11%
Jan
El
7 7192.7
Jan
Emporium Capwell'Co
57%
Jan
Eureka
1%
Feb
Farnsworth
1%
1%
500
3%-
4%
7,085
3%
2%.
2%
1,146
2
21%
560
,
469,.
Ewa
Mining
Tonopah
1
Transit Investmi Carp 6%
United
Corp
United
Gas
common
4
part pfd—23
Improvement
i
2%
1
13%
,
20%
20%
1
Jan
Corp
Feb
4%
Jan
Food
i Feb
2%
Jan
Foster
22%
Co
&■
Radio.
Feb
&
,
.STOCKS—
•
t>.
*'■
•'
•"
;
Arkansas
Clark
j.
'f
'/
,
'
Ludlum. Steel
Alleghany
'
:V
"•
Nat
(D L)
4%
Linen
Co.,
*
—
!
26
25%.
•.;
10
*
pfd
—
Shares
Service
II"
26%
10%
Loio
10%
96
11%.
HVa-
10%
11
.
,
Electric—
&
Gas
*
ii
/,
Follansbee
Harbison
,
Walker
Lone Star
Refractories—:
Pittsburgh
Screw
Pittsburgh
30%
,
12
Feb
Hawaiian Pineapple Co Ltd
Holly
Honolulu
Oil
Honolulu
Plantation
Bros
Stores
Renner
Ruud
San
-
23%
18%
Jan
.12
6%
Co
Corp.
United
Feb
26%
Jan
Feb
20%
Jan
)
com
t
v
300
8%
■
'
Corp
Foods Inc
8%
140
60 V2
14
■
■
1 Va
1%
233/4lie
f
W
•
12c
5%
—/'■>•
Macy
Feb
Feb
10
Jan
Feb
61
&
6
Jan
26%
27%
27%
:
277
(R
H)
lVa
15c
Jan
•
2,824
"■
390
66
200
10%
Mfg
Co
1,270
18%
390
2.45
2,800
/" 55
260
—
3%
3%
'
15 3/4
a
.
a
Auto
Feb
70
9 V2
«
»
v-
Jan
7%
1
Feb
37%
Jan
25%
Feb
30
Pacific
Jan
32%
,
19%
Feb
2.60
Feb
52%
Feb
56 %
Jan
Filters
:
3%
Feb
153/4
Feb
34%
Jan
60
Jan
70
Feb
15
150
1,070
Jan
9%
,
35%
9%
Feb
11%
Feb
24%
Feb
30
Jan
31,235
14%
a9%
Jan
10%
Jan
Feb
72
Jan
32%
Feb
40%
Jan
39c
Feb
45c
10%
1,050
40c
40c
7 100
13
13
265
7
8%
Feb
Feb
83/4
5
38%
16% Mar
68
85
a67
35
3% Mai-
Feb
1.15
735
325
7
4%
Jan
'13
Feb
Feb
.
Mar
8% Mar
'
5
5%
5%
5%
950
31%
31%
31%
5,918
31% Mar
36%
..25
30%
30 34
30 3/,
31%
II
"i «r
1,615
16,849
30% Mar
i°<r
common
common.
i.
w
Rights w i
Jan
3
—25
Aggregates
Jan
176
3 %
8%
Jan
183% Mar
32% Mar *
120
a67
5
25
7
Jan
Mar
7
25
16 %
38%
'
Jan
10%
2.00
0
B
Feb
17%
34%
Feb
8%
14
Jan
to 0
/
Feb
22
6^0
16%
16% :t
pfd. —100
class
8%
Jan
3% "Jan
16%
a8%
10
—,1
common
5V2Vc
Co
Coast
Feb
1.60
500
32%
a
25
2.70
—
Pacific Gas & Elec Co
New
Jan
16%
16
2,607
;
k—* CD ,U
alO%
—
—1
Can
19"
24
17%
—5
.
Occidental Petroleum
United
Jan
Mar
8%
8%
•
18%
1
Inv
24
24
/
.—I..
j
Pacific
Jan
12
"
^>0
70
8%
__—10
Oliver
Jan
72%
Feb
15%
Feb
"■>'
70
North American Oil Cons__:
(
19%
3
9%
.
Fibres
Jan
120
16%
a33% a33%
common
American
Feb
Jan
20
,
15-%
a
15%
a
III_7
Morrison Knudsen
National
6
..30
.
Feb
16%
Jan
Jan
57%
.,
Feb
10%
Jan
Mar
17%
69%
1
;
Calculating Machine*.
Menasco
Feb
55
—.
common
.
24
-h 18%
«
Corp
_
Jan
6
51% Mar
100
10%
6.66%
Libby
Co
5%
705
2.40
j
'23%
5% Mar
.
&
j
32 Va
71
Jan^
37Va
Feb
1,840
—P2
i
Jan
200
34%
Co
Marclrant
Jan
.
11c
1,000
333/4
1Y2.50
1%
23% Mar
:
7%
.
Jan
5
"
common
Aircraft
37
16%
—20
Corp
McNeill
Magnavox
Jan
39 Va
"■'■■1
102
6
Jan
Jan
Feb
Feb
HI
Feb
Mar
35 %
Jan
Jan
11
1st preferred
5%%
1st preferred
1125
33'%
33
33 %
1,220
-25
29 Va
29>/a
29%
549
29Va Mar
31%
5%
„25
28
28%
337
27%
Jan
29%
Jan
48%
49%
1,676
48% Mar
53%
Jan
6%
St. Louis Stock
Friday
77
A
y'v-;''
'4
S Aloe Co
American
'
I 77"'
-
Inv
Par
+
1
common
15
______15
common.
15
Mfg commbn___"
J,-/
Industries common.„u
Burkart
Clinton
Coca-Cola
Columbia
15%
,
Electric
General
16%.
26%
26%
6%
6%
(Urn
common
Shoe
Laclede
Gas
Laclede
Steel
'.
Feb
17
Jan
Mar
33
Jan
16%
•29
..
;
25
.
26% Mar
26% Mar
;.7 30
6% Mar
■
.
Feb
Jan
10
Jan
16
Mar
16% v
110
15 v
32%
31%
32%
<
145
31% Mar
35% Jan
51%
51%
52%
•
254
51%
Feb
58%
%
45 %
HO
40
Jan
45% Mar
;
45
21%
21% '
28
•
common
28
40
8
4
—
/
4%
26%
74
.10
5%
.
8
.
850
-
Jan
24
Jan
Mar
3.0
Feb
45 Ya
40.
Mar
2% Feb
100
8
^
Jan
21% Mar
30
40%
V;-'
1
common-
20
"
1
common
50
350
15%
32
16
*
common
Knapp-Monarch
Jan
Feb
Jan
16
Hyde Park Brewing common.——7—4
Hydraulic' P Brick pfd—.——.50
Shoe
13%
27
1
10
General Motors common7U.ni.„
Johansen
•
High
26
•
,—.
Griesedieck-Western Brewing
International
7
30
26%
———1
Falstaff Brewing common
>7
Mar
253
29
5
common.
Low
25
150
27%
16%
Bottling 7_L_,———i—1
Brew
20
29
1
1
Range Since January 1
."
25
27%
—
Shares 7
High
25
'
Shoe
Brown
fac
Jan
3%
Mar
Feb
ID'
4% Mar
Jan
5%
Jan
28
'
28
195
28
Feb
31
Jan
McQuay-Norris
common———.10
20
' "
20
50
19%
Feb
23%
Jan
Midwest
& Supply
13%
100
.13%
Feb
16
Jan
common.-———20
Piping
Portland
Missouri
Rice-Stix
2nd
common...9
Cement,
—25
pfd-..,——
Roebuck
&
Fuller
Electric
Wagner
141
•
io :
5%
5%
103
V
30
10
30
14
700
13
48%
49
985
100-100
—15
48%
Jan
Feb
5% Mar
: 32%
13%
14
19
131
Mar
..
$1,500
Jan
7
36%
Feb
Mar
Jan
32
Jan
Feb
14%
Jan
48
Feb
55%
Feb
99
Jan
:
Steel
Public
Preferred
Paraffine
Co's
—1951
3s_~
Oil
100
Mar
1—
new
Pulp & Timber—
Incorp
Friday
Week's
Last
,
Bros
Par
Aireon
Mfg Corp.
Alaska
Low
_.50c
1
Mining Co. —io /■
20
Ahglo Calif National Bank
,29%
Atlas Imp Diesel Engine
--2.50
__■
6%
Low
1
a4
200
%
Jan
so
y
3 3%
High
,
Feb
29%
29>/2
1,068
6%
V 7%
900
29
'
6%
1%
Jan
Mar
49
/ Feb
Feb
24
Mar
•
22%
23
'642
11
11
50
Feb
12
a57% a58%
„
81
55%
Feb
61%
2,840
36%
Feb
44
Mar
Mar
41Va
44
39 %
22
10
Feb
32% Jan
Feb
7% Mar
Safeway
San
54
Jan
a25
18
22%
Feb
30%
Jan
32
32 %
430
31%
Feb
33%
Jan
1
21
21%
445
20%
Feb
23%
16%
16%
534
28
28
60
38
—1
common
85
38
v
Bishop Oil Co
Jackson
Byron
"
_.—
Co
—2
i—___2
i--._"■
:
—
6%
Eureka
Central
52%
Mining Co
Clorox
2.50
Chemical
Colorado
Fuel
Preferred
Co
3%
Iron
&
50
685
Inc common
Mining—
18
Jan
32
Jan
Shell
Soundview
Southern
a34
Cal Gas
Pacific
9c
Jan
13c
383
32%
Feb
36% Jan
30%
Feb
35 Va
,—25
Co
Water
350
283/8
28%
28%
1,025
28
Feb
33%
Jan
25
25
25
448
22%
Jan
25
Jan
a26% a27%
32 % 32 %
152
27%
-
a26%
47%
1,156
44
24%,
24%
24%
745
22
a8 Va
a8 Va'
a8'/«
50
56%
56%
57
2,629
15
15
15
150
—,—.
.i——2
of Cal——
10
;
Oil
19%
10
2
10%
103/4
a2l%
Corp
Co
of
Calif
Air
Lines
Western
Yellow
Dept
Cab
10
41
Jan
Jan
Feb
Jan
13%
Jan
21
Feb
21%
Feb
26%
Jan
20
Jan
19%
15
350
403 "
290
15
—50c
16
16 Va
,520
'9%
9%
100
,
.
25
18% Mar
Feb
78
Feb
43 % Mar
73%
600
9
28%
Jan
38%
;
1,225
2"0
Mar
16%
69
1,796
Z
.
8 3/4
_,—
Jan
62 Va
20
Jan
24
2'JYa
common..
;10
Mar
15
Feb
.—20
...
Feb
Feb
-
27% Feb
286%
16
9%
Feb
Mar
Feb
52'/a-
90c
American
,
Airlines
i 23%
23%
210
.
23% Mar
8%
8%
315
7%
Jan
al%
a2
100
2Va
Jan
24%
25V4
135
7%
7%
123/4
^j1
'
'
*
■
•
,
Broadcast
Commonwealth
Edison
Consolidated
Chem
Consolidated
Vultee
Creameries
Crown
Amer
Zellerbach
$4.20
2nd
of
System cl B
preferred
;
Ind
Air
Inc
Corp
.
2%
class
A_
common
footnotes
1
S
•
see
page
,
.
46.
27%
Jan
American
Feb
3334
Jan
American
95c
'
.
•
'i
.
53%
Feb
American Tel &
25
52
70
-
..
53 Va Mar
1,300-
Feb
90c rMar
58
13
564
1.30
•
Jan
54%
Feb
62
Jan
20 %
Feb
23
13Va Mar
15%
Jan
104
1T%
17%
Jan
-
.
50
38%
14%.
14%
*•273
Jan
,7
Jan
Jan
'
/■
>,24%: Feb
•
8% Mar
!2%
27
Jan
Jan
Light—;
& Std
&
13
San-
Refining,
__
Tel Co—
100
„
-
415
8%
Jan
14 %
Jan
54%
Jail
Feb
1523/4
Jan
44%
Feb
31
333%
Jan
7
,
16
150% 150%
Feb
'12% Mar
37% Mar
100
■
49 »/a a49Va
1,4$9
a
51%
149
Jan
Copper
Argonaut
Mining
37%
com
.50
Mining
340
a32
240
4%
310
11%
%
a30%
4%
♦' a31
-5
Co
38
11%
260
.
4%
Feb
Jan
43/4 Mar
'28 Va
Jan
Jan
14%
Jan
Feb
197"
9% Mar
27%
Feb
91%
Feb
103%
Feb
13
&
Co
Topeka
Corp
14%
Jan
Feb
93
Jan
20
20
100
20
Feb
20
Feb
.—13
12%
13
200
123/4 Mar
15
Jan
10 %
10 "2
13
Jan
5
common—
& Santa
Baldwin
:_ioo
Fe.
Locomotive-
Baltimore
&
Barnsdall
Oil
Ohio
-100
RR
Co
Aviation
:
„
10%
a90% a90%
a35
5
28"
5
Corp
20
175
10%
Feb
a35
30
28 3%
410
263/4
Feb
29%
Jan
34%
Jan
4%
Jan
a—
—
'
a._
Jan
34
Jan
Bethlehem Steel
98
Jan
Blair Holdings Corp__.
Boeing Airplane com
126%
11% Mar
89 %
5
fill)
Atchison
Bendix
1,775
101
97
110
Mar-1
43
2938
'
26
38'/a Mar
27%
95
Armour
___
12%
1,310
104%
a
150
10%
104%
a
170
••
9%
1
&
Smelting
American Woolen Co
Atlas
26
38%
•
11
Jan
330
26
__
—
155
13 Vb
a23% a23%
„,
Power
Anaconda
55
243% Mar
Jan
Jan
- '
-_7
■
Jan
28
20%
96
—
preferred 1
For
*
Corp———1
common—
.
25%
__
Mar
Jan
13 Va
i.*-_
25,
73/4
al6% al6%
13%
al6%
Foreign Power——,',,——,-*
American Factors Ltd ——'—,—20
&
Jan
18% Jan
b
Feb
•"20%
7
„
common91
v.
Columbia
54%
19% Mar
9
34%
301
■\l..
Unlisted Secnrliles—
Air Reduction ca
Jan
Jan
...
431%
—
—
&
Stores
Co
70
:
% Mar
639
18 Va
,
24
IOV2
U T——. .—,.*100
Co
Agricultural Co
Bank
18
*
—
Jan
50%
16%
23%
70
10
Consolidated Oil ——Z
Equipment
.
Jan
34
25
15%. 15%
_T2%
Corp
Corp common
Fargo
23%
9Va
54%
610
11
a21% a21%
_25
common
-
Feb
Feb
1
5,099"
203%
-
/ •
28%
Feb
32'% Mar
47
Transcontinental & Western Air——5
Wells
60
—
47%
Associated
Feb
Jan
32
•
Super Mold Corp
Oil
18% Feb
"
pfd ser A——_2o
Co
common
Standard Oil
Jan
25,408
1
Sperry Corp
Spiegel Inc
20%
260
10c
31%
5
25
—
Co
Mar
18%
15
preference
Southern
Southern
7
Jan
Co—
Edison
preferred
Va
10c
10
—•
Pulp Co
California
4.32%
4
1.969
7
183/a
10 pesos
Roebuck it Co capital
Unlon OU -unmon
American Racnator
52%
'. 54%.
—__20
—_•
6 Va,
a26
:
Chrysler Corp
675
28%
a53 % a54%
L_—1 7—
19% Mar
'*
6%
a26
a54%
common
210
,
28%
__
—__._'__'i___50 ?'"
Preferred
Caterpillar Tractor Co
63.8
__
California Packing Corp common
193%
Jan
Jan
Mar
15%
28
a30% a343%
—_5
Stores,
Mauricio
6
6 3/8
l—.'_.l
Sears,
Amer
IO3/*'
Home -Appliances—— .33%
Jan
a24%
39%
a24%
"
Bendix
Jan
25
Jan
4 Va
=
144
Feb
100
Aeronautical Co__•
Ryan
Waialua
Range Since January 1
High
a4
Gold
Juneau
Shares
Feb
49
101%
-
Victor
for Week
of Prices
140
20
—1
Universal
Sales
Range
Sale Price
25
•
:
Uilion Sugar common—
f
144
Richfield Oil Corp..
Roos
United
STOCKS—
Jan
20
Realty—
&
common
U S Steel
Exchange
97
__P100
Manufacturing Co
Union
San Francisco Slock
Jan
Feb
144
♦
Preferred
Rheem
25%
90
23
Co
Co
Railway Equipment
.6% preferred
Rayonier
Feb
233A Mar
139
a50% a50%
..10
common
Petroleum
Puget Sound
103%
253
91 Va
.100
Corp
Philippine Long Dist Tel
Phillips
Feb
24 Va
90
pfd..
.100
—
Western
Pacific
1st
33
24 Va
102 Va 102%
Service
common
Transamerica
mtge
common"
preferred
Tel & Tei
Tide
BONDS
Scullin
Corp
4.48%
16% Mar
129
103
34%
30
common—.——5
common
16%
.129
33%
34
commoiL%s„___*
Investment
Stix-Baer
.129
A___—50
i____——*
Securities
16%
129
^—100
6t Louis Public Service class
Sears
16%
13%
preferred
Lighting
Pacific
-
;>',■/ Low
,
7/:.77/7
,—,—5
common
$5
Sales
of Prices
1st
Pacific
for Week
Range
.
Sale Price
STOCKS-
Exchange
Week's
Last
\
Jan
:21% Jan
5 Va Mar
/
16
_.
Langendorf United Bakeries B.^L
Jan
5
52%
Feb/:''
7%
400
•
"
23%
3 *«
Feb
67%
ii
•
Libby
5%
—
_L >'
com
'
40
175
24%
16 Va
Co
Kaiser-Frszer
Feb
1% Mar
34%
60
'
Feb
18
1,286
5>/b
51%
55
IXL Mining Co
I
•
;_I
4
\
North
*
Westinghouse Electric Corp
Feb
60%
"
> 23%
_1
c^__
Feb
40
279
■
5
Brake
4
200
1 %
5%
24%
IH1
}
Jan
"-sr
60V2
1
Glass
200.
35%
•
-
__100
6%
14%
6% Feb
11% Mar
672
34%
1
Air
Jan
18%
250
*
18
5%
;_i*.
Development
Hunt
•
Jan
8%
21%
7- i%
343-4;.
.•
.,V
V
—*.—'_L—
States
4%
" 40%
40
—_
—
Westinghouse
12%
4%
12%
—10
Mining
Toy
39%
55
6%
11%
—.5
Steel Foundry—
Mfg
Feb
201
-
'
51%
51%
•
Inc
Hudson Motor Car Co
j
Jan
7% Mar
23%
6
Mar
2.40
Jan
.
Hale
Jan
10% Mar
Jan
10%
50
r
197 f
3
/
Lockheed
Bolt
&
8
18%
preferred /—
5%
8
22%
Glass—*.
Plate
26% "
26%
i:
•
Supply—
10
National Fireproofing Corp—:
5
Pittsburgh Brewing $3.50 pfcl—1—*
Pittsburgh Oil & Gas_*.-,,_——_5
Pitts
!
8''
Fuel
Mountain
j
26%
r--~------10
Gas—,—
Mackintosh-Hemphill
>
10
1
Steel
Brewing—
Pitt
Jan
'
5 Va
•
Idaho Power Co.
Fort
40
5'/a
II100
,:
11%
300
31
30a *
--
Corp
'
Columbia
Feb
1,085
2.60
♦. '
*
5
High
.
10% Mar
--150 ;
-
|
Feb
25
143
20
a34 Va a34 Va
_lo
.
common
,
Range Since January 1
,
37%
Feb
32%
2
com
>
^,
?•
Feb
31
.2%
preferred
Greyhound
Sales
High '<•
Low
•
Jan ;
8%"Jan
'
Mar
15%
2.40
-10
Motors Corp common
Gladding McBean & Co
i
for Week
of Prices
/
i"Par
(
_
6 ft
Co
Gas
.
Sale Price
.
Jan
58 V2
34%
50
...
31
18
:
;
,
'
7
5 Va
,_,1
14
„
Jan
""
common.......
Kieiser
Golden State Co Ltd
Pittsburgh Stock Exchange
Range
/
Feb
Va
1,455'
'
19
'
.20
cap_—___
Television
General
Last
a35% a35%
'
•
--100 '
7
2.40
III
Machinery Corp
Galland
Friday
/
•',
58
.
Feb
20%
!
Week's
•7-,
18 Va
•
common..
——
Plantation
__
—
a58
.
■
II
•
•
44%
52%
13
2
'•
a58
._15
——15
common
Works
51% Mar
41V:
51%
51%
Oil
»*
107 -i
13
■
•
-•
—
39%, Mar
139%
common
Sun Oil Co
Dorado
13
.
«
preferred
cum
10%
—1
—_—
••
Jan
common
31
new
——,j__1
,
5
3V4
31%
680
31
Feb
3
33a
4,937
3
Feb
263/b
26%
300
23
Feb
31
26% Mar
Volume
167
Number 4681
THE
COMMERCIAL
OTHER
Week's
Friday
•'
¥
Last
Low
EXCHANGES
ENDED
Shares
Co
Bunker Hill
Canada
Dry
Canadian
Case
&
(J
Sullivan
Low
Ginger
Co
Ohio
&
Service
Co
a36 a36%
10
STOCKS—
:
Jan
41%
Central
Y
North
Jan
RR
17%
Jan
Jan
14%
Jan
Oahu
Mar
11%
Feb
Ohio
Oil
Olaa
Sugar
10
43%
43%
44%
15
15
15%
800
*
22%
22%
22%
400
Solvents
Commonwealth
Consolidated
Cons
Southern
Edison
Natural
Continental
Crucible
&
Gas
Oil
Steel
Co
Co
Co
Co
of
Y
N
2%
35%
Jan
15
a44%
21
Feb
16
Jan
Amer
22
49%
a
*
i
1_1
22% Mar
596
5
Curtiss-Wright Corp
.
1,200
21
a44% a44%
•
capital
Del
of
2%
•
49%
22%
American
Sugar
Co
Co
Co
2%
Feb
21
Dumbarton
Eastman
Electric
Fibre
Co
•
Bridge
Kodak
of
N
J
25 %
a38%
Products
10%
Finance
Portland
Packard
Pan
Feb
Feb
29
3,282
5
300
4%
Pullman
5% Mar
Feb
80
40%
Jan
50
35%
25% Mar
415
General Electric Co
Goodrich
F)
(B
•
Co
&
Graham-Paige
Motors
Great
non
Nor
Ry
*
common..
Goudyear Tire
Rubber
32
1,211
a49% a49%
__
•
common
9%
30%
Jan
11
Hobbs Battery Co class A
Holly Oil Co
;
25
114%
35%
Pictures
370
4 %
275
a38
30
24
24
24
60
24
8
200
f.:
a__
8
•
Idaho
Maryland Mines Corp
International
Nickel
Tel
Co
&
39% Mar
3%
...
Matson
J
M
5%
Mar
Standard
14
l
Montgomery Ward & Co
13%
Jan
2.50
27%
14
Jan
34%
Feb
34%
Feb
43
Feb
47%
Jan
16
Jan
18%
Jan
130
350
•
19c
.:
*>■:
19c
49%
Gil
&
5
15%
15'A
al8%
Last
Range
Sale Price
Par
Abitibi
Power
SI.50
&
Paper
preferred
$2.50
*
com
13%
_
__
13%
18 ¥8
On
37%
Aigoma
Steel
•
common
v;;
8
19c
Jan
22c
Jan
of
Del
Co
Can
Anglo Can Tel Co
Argus Corp Ltd
4
4%%
Sugar
Co
common..
pfd_
common
%'%. preferred
53%
Jan
r
■
Preferred
Life
Bell
&
Air
Lines
Inc.
—
Pap
class
British Amer
British
Light &
A
Bank
American
3%%
Jan
Oil
Co
Woolworth
LISTED
FOR
WEEK
ENDED
(F
W)
Col
Class
Power
B
British
Class
Building
SZ:
Z..i
Dominion
Dominion
Range Since January 1 ¥
Stores
Dominion
rV".4T::
Steel
Tar
High
Feb
17%
$1.30
Feb
20 %
Jan
Jan
38
Red
Jan
Ltd
530
Chemical
&;
preferred
Dominion
77o
Canada
Northern
Canada
Steamship
5%
8
Feb
9
'
Dryden Paper.
Jan
Feb
25
Feb
Enamel
&
48%
48%
48
Feb
49
:
Feb
Foundation Co:
Players Canada Corp..
of Can...—--——
6%
6%
820
7 ¥4
Canadian
Bronze
common
75
75
20
75
^
5"
6% Mar
Mar
30c
Mar
382
25%
75
100
30c
25%
25%
17%
25
17%
18%
161
164%
546
17%
17%
1,690
161%
80
60c
Gair
Jan
Jan
26%
Jan
575
17% Mar
160%
Jan
17
25
20%
21%
630
20%
24%
24%
24%
980
24
3%
3%
3%
22
26
26
23
23
17
2,275
•
■Gatineau
29%
7%
7%
15
SI.75
•
15
15% '
27%
41
General Steel
Wares
47o
19
Jan
Feb
23%
25
Feb
Feb
4
Jan
26
Jan
Feb
2%
Feb
2%
100
Canadian Cottons
6%
Investment
Foreign
preferred-.
Hamilton
Canadian
Ind
Class B
21
Feb
24
Alcohol
class
30%
Canadian
1
„
1
7%
Feb
2,265
15
345
27
Jan
10
41
Mar
10
11%
8
Mar
Jan
19
Industrial
Jan
28%
Feb " '
41
Mar
Jan
11
Jan
Feb
13%
50
120
76
35 ¥4 Mai-
21
9,781
19% Mar
23%
50
34
Feb
37
Jan?
101
101
5
100
Jan
101
10%
11
370
10%
15%
16
637
40%
15% Mar
61
61
35%
1
62
35%
765
35 %
21
>.
,* .14
58
45
22
t
14
Feb
V
Jan
<-
„
25%
Cockshutt
Plow
Consolidated
_______
Mining
11
10'/a
23
22
11%
L-':'
.
13 ¥4
13
13%.
:
;
Crown
Cork
&
Seal
6%
64
..
36%
#
Dominion
Seagrams
5
25
Jan
26
Feb.
26% Mar
32
875
»
11
325
'
23
150
Mar'A*
11
22 ¥4
¥
Dominion Coal
Dominion
5%
preferred
Dominion
Dominion
7%
*
6%
preferred
_
.
Foundries & Steel
Glass
__
Accep
preferred
For footnotes see
page 46.
7%
7%:;
200
19
46c
7% Mar
a-
180
320
125
.
Week's
Jan
7 ¥4 Mar
19
Mar
Jan
20%
a—
a__
Feb
25%
,
28%
!
Jan
.Sales
Range
A
for Week
of Prices
Low
16=
Shares
.
Range Since January I
Low
High
v':;;
High
14%
16,543
14
Feb
18%
23
200
23
Mar
26%
22%
22 %
165
22% Mar
20
22%
16%
23
20
170
20
12%
2,395
12%
12 %
Feb
Jan
Jan
27
'V
Jan
21%
Jan
11 : '
Feb
12% Mar
165
165
7
165
Mar
167
Jan
19
19%
100
19
Mar
20
Jan
389
25%
Jan
28
Jan
27
27
15%
Mer
Jan- ":!
13
185
33
24 "
~
Sons
4
20
Jan
Mitehcli
15
<■..
90
10
90
Mar
90
'
18¥s
j!
;
19
104
i09
104
105
110
108
Feb
20
103
Feb
108
Jan
103
Mar
110
Jan
18%
115
,
Jan
Mar
Jan
2%
:
j
3
2%
•14%
50
14
200
13%
V
2 ¥4
Feb
4
Jan
230
15
50
50
•
14
Feb
16¥a
Jan
5
50
Jan
52 %
Jan
14
13%
Feb
15%
Jan
750
6%
45
7
360
6%
Feb
27%
45
28
225
23%
Feb
30%
Jan
45
45
205
44% Mar
48
Jan
46
1,208
43%
Jan
48%
Feb
14%
Fo*b
16%
Jan
926
12
Jan
14
270
24%
Feb
25%
70
6%
Jan
7
29%
Feb
45
7
Jan
14%
12%
14%
15%
12 %
13
24%
25
6%
31
3,763
6%
30%
,
31
265
12
12
12%
260
23
21
23
105
.
Jan
Jan
Feb
'
32%
Jan
Feb
13
Jan
Mar
9%
21
27
Jan
•
30%
30 %
30%
1,335
30%
Feb
34¥8; Jan
48%
43%
49%
2.186
48'A
Feb
59
Ltd—;
*
12 %
12%
13'A
2,265
*
"41
41
235
41
10%
10%
225
10% Ma r
,,
1——5
i41
,
*
12% Mar.
Feb
15¥a
Jan
Jan
Jan
28
28
185
27
Feb
32%
159
159
65
159
Feb
159%
18
40
14
14
180
•_*
14%
14%
10
_____•
9%
9%
1,050
1,975
Feb
14
Jan
12%
17%
17% Mar
Jan
50
*
—
A
•
.
•
Feb
19
Jan
17%
Jan
Feb
15%
Jan
Feb
14%
9
10%
Jan
5%
Feb
16%
Feb
5%
6
17%
17%
905
10%
10%
10%
2,990
,17
17
17%
325
16
34
34
34
175
34
"
Feb
5
11
:
Feb
2"
38
14%
;—__—•
5%
17%
,
common——.*
Jan
Mar
Breweries' Ltd—.
Montreal
Jan
15¥B
Molson
'
1Q
Feb
91%
11%
Jan
Feb
100%
Jari
1
Cottons
Preferred
Montreal
Murphy
-__
r
14%
iV
12
12
,
————25
Works.—_
Tramways
Paint
i*
cpnimon___——
I_—c
Locomotive
?. 9% Feb
Feb
7%
Jan
19
Jan
13¥s
Jan
20
33
100
—
40
40
"
•
Co
14%;I
33 '
22%
22%
39%
40%
'•;
590
37%
J12
Feb
Jan
Feb
40
Feb
14% Mar
16%
J.an,
Feb
36%
Jan
Feb
23%
Jan
45
Jan
Feb
45
32
ido
22
495
39'/a Mar
25
41% Mar
i
-
32
: Mar
HO
33
Mar
75
24
Feb
26
Jan
16%
Feb
20
Jan
"
38%
Jan
36
Jan
National
Breweries
preferred
National
___
Drug,& Chemical pfd
Jan
Niagara Wire Weaving
Jan
Noranda Mines Ltd
Ogilvie Flour Mills
National
Steel
Car
Corp
15
8
Feb
10
Jan
25
5
25
Mar
26
Jan
24
24
110
23
Feb
28
Jan
Ontario Steel Products
32
125
30
Feb
34%
Jan
Ottawa
33
50
32%
Jan
33%
Feb
Ottawa L H
1%
preferred
Electric
&
common
—
42
19%
25
10% Mar
11%
Jan
20%
720
19% Mar
22 ¥4
Jan
24
" '.i
•
24
50
24
Feb
25%
Jan
44
45%
1,549
44
Max*'
51%
Jan
25
25%
353
28
Jari
164
163
164
102
Jan
165
Jan
16
16
50
16
Mar
18
Jan
25
Jan
40
15%
Feb
18%
^
—•
common
Jan
42
104
19%
.44
-—*
100
44%
42
103'4
5;.'
*
Rwys
Power
39%
—-•
i
—;
•
25
common—
19
32%
90
15
A)_—
(Robert),—.___
32
33
24%
•
:
Oil
Feb
-
Mar
•
,
Feb
32
Feb
20
—25
Secord
16
•
16
185
—100
(John
27
■
235
•
—_
Ltd
535
_
Jan
16%
20%
—___3
preferred
&
1,650
8
18
16
20
of the Woods common.:
18
8
Jan
16
**.
Jan
Jan
14
20
A
Utilities Corp
Co
!_
17%
—
19
17
Jan
—
Petroleum
Power
29
25
Feb
Mar
Jan
30
Mar
11% Mar
1,858
34
17 .':
15
11%
_*
Canada
Massey-Harris
...
360
95%
''135"
_*
,
13%
13
"
11
¥5
50
♦
*
of
28
_
_
'■
50
common
MacMillan Export class
Class B
22
400
class
;
28
.
__
Jan
Mar
31c
205
common
675
*
common
Jan
13 ¥♦
19
50
Cofp
Bronze
25
_
6%
Jan
a44 % a44%
•
18
_
.
Feb
13%
13
.
17%
*
common
4%
2
a27% a27 %
• ;.
17%
•
Dairies
2,832
4,410
Jan
Jan
10% Mai-
1,966
24"
*
_
Bridge
Jan
38c
17%
common
Lewis Bros Ltd
Jan
33
—
>——
Jan
12%
5%
•
Paper
Laura
Jan
Feb
33
34
.....
Davis Leather Co Ltd A_
Distillers
3.50
Feb
10%
'
*
1927
Nickel
7%
*%(
2.75 Mar
12%:. .1,440
34c
■
•
...
preferred
T/o
Jan
14
11
¥
inc
International
Lake
Jan
21
11
*
95 ¥4
4
Co
Jan
5%
■
■
•
•
;
500
109
International
Jan
17
Feb
35 % Mar
t
50
11 ¥i'
13
4
5
Smelting.
3
2.75
11%
Jan
2%
'
Mar
25
26%
10 3A
25
1——
&
Consumers Glass—-—:
59%
27% Mar?
Feb
104
International
140
V-
25%
26%
^
11
t,
•
1
Feb
Feb
2%
15%
Mining & Smelting
International
f
Montreal
'¥
1
•
International
'
26%
11%
*
;
Jan
Jan
52%
100
International
Jan
34%
:{■
15%
•
u_
Pacific Railway
Jan
20%
Jan
10
11%
19 38
19%
20
Canadian Oil Companies..
Canadian
77
36%
al3% al3Va
Imperial Tobacco of Canada common_5
4%
preferred _T
:
-25,;
6 '/o
preferred ____;
-i_£l
Jan
10%
25
A
V
Feb
Mar
23%
17
Bridge
Hudson Bay
Jan
Feb
35%
__
•
■
l:
Locomolive
AV.,
t
15
common
Imperial Oil Ltd
Feb
28%
75
•
•
Feb
69%
G2
V.,———100
,—al
pfd
preferred
$2
McColl-Frontenac
j
249
Jan
34%
;
—25
Canadian
Jan
Jan
Jan
'
*11
26
13
Gypsum Lime & Alabastine
'
10
—25
—
Feb
925
17
Bakeries Ltd__i—_:i_:
General
11%
•
______
Jan
24
75
Jan
35%
*
series
Jan
29%
1,100
—100
__—:
Jan
24%
1,120
27
___
series
$1.00
Jan
16 %
Feb
1
com
Jan
^
41
27
9
Canadian Converters class A pfd.
"
Power
19'A
99% Mar
100
30
7%
—
—
preferred—.
Lang,
5
preferred'
168%
Mar
3 V»
116
23
29%
*
•
common
Prod
Howard Smith Paper
-100
Celanese
18%
Feb
26 %
—"
.—.—.—
_
Heating
Jan
1
Canadian
Feb
14%
437
1,335
2%
:
Co
5%
Corp
Feb
17
17
4
Canadian Car & Foundry common
Class A
—20
1'
15
V610
.
27%
27
Eddy Paper Co Class 'A' pfd
Electrolux
Goodyear Tire
im-
u_
preferred
17%
15%
25% a26% '
Jan
5%%. preferred
»
__
Jan
Jan
—100
;
18
2%
20
24
*
Breweries
15% Feb
Jan
9%
27%
—•
-.
—
300
5
Corp
305
16%
.
24%
1,710
common
Jan
15%
32
5%
:—.
24%
24 y8
preferred-———xi —50
Canadian
5 '/o
Power
40%
195
100
u
.
Ltd
Bros
Mar
2%
__
Feb
3
common——!——*
Textile
preferred
Mar
•
_
39%
250
23 %
_
46
99%
common
185
12%
■
common—*
56
2%
Forgings class B
38 %
a
32
—*
—
225
•
preferred
Canudia
Jan
Jan
a53 % a53 %
25
Feb
•
Canada Cement
8%
26%
Feb
Jan
18 %
9J%
Products
Feb
Feb
7%
al7'/s
Par
& Coal class B
Feb
•
Dry Dock Co Ltd class A—
7%
32
Sale Price
Feb
•
Bruck Silk Mills
Burrard
Jan
22%
Last
20%
A
30
188
ai6%
Friday
37%
pfd.___100
5'/»
Jan
48
a__
-
W—
STOCIvS-
13%
•
Can
-
Feb
12
37
25
Corp
of
Feb
—
26%
MARKETS
MARCH
43
common
i._—J
:
Rubber
41
a
310
a71 % a72'A
'
10
common
195
•
Columbia Forest Products
British
a72%
Western Union Telegraph class A
Westinghouse Electric Corp com
Il2%
Jan
225
_*
preferred
conv
British
Note
a
#
232
•
Power
8
a23% a23V2
1
.
1,345
100
Trac
Jan
850
36c
40
30c
Telephone
Brazilian
22
%
15%
5
46
_■
Pow
Jan
Mar
■
)
Insurance
225
l__-_
Asbestos Corp
Bathurst
21%. Jan
20
8%
15%
common—i—
—_i—
Coast
218
100
Warrants
Feb
25%
a
16%
5
37%
25
_.
8 Va
a37%
a26%
5
—
50
pfd
Jan
.
27%
•
4%
a37%
1
—
44
of
Jan
4%
10
{.'%
—23
_
218
•
common
Aluminum
'
24%
a
8%
—•Un¬
_
Petroleum
Western
Feb
125
8
'
25% Mar
Jan
Feb
17%
200
1
Famous
New
Jan
18%
107
27%
a8%
-23
—
37%
Ltd
Aluminium
Jan
18%
17
130
u43%
>
Utah-Idaho
Donohue
8
_
450
42% a43%
—.*
17%
4,623 -
37%
*
—
.T
N
21
•
Agnew-Surpass Shoe
nf
Warner Bros Pictures
West
1,931
19
37%
-125
27%
•
Inc
Corp
Jan
Low
14%
18 ¥4
20
AUU-*
4%
4% Feb
8% Mar
•
490
18'%
18%
a
*
-
—23
_
common
Jan
High
20
-
_
preferred
Low
19 %
17%
a 42%
•
_
15 % Mar
Shares
20%
645
400
27%
15
common
Corp
17%
for Week
of Prices
27%
:
25
4%
8%
17%
~~
18% Mar
Sales
25 %
.
8%
»
A
Co
Corp common
Exchange
Week's
16% Mar
18
I"'10
B
Co
Canadian Funds
STOCKS—
class
Aircraft
34%
RANGE
Friday
100
•
common
Texas Company
Jan
CANADIAN
Montreal Stock
16%
19%
•
United
49
;
3% Mar
a
IIII1
120
'
Jan
100
a
250
al9
Jan
32%
3 %
120
v
4lA
•
united
13% Mar
306
15%
al8%
17%
Feb
Jan
Feb
34%
700
49%
Ltd
8tudebaker
Jan
Feb
52
*
,
Feb
Feb
1,405
•
Nash-Kelvinator Corp
National Distillers Prod
2.05
25%
14%
Mar
55
iv'-'
33 %c
Jan
10
11%
a30% a30%
Feb
15
15
a42%
Brands
Rrnnriftrrt
36
Jan'::
Cal Ed
Westates
•
18
Cons
45%':V
16%
3%
—50
common
Cement
80
Jan
107
17%
Feb
a30
1
_
Socony-Vacuum Oil
4.
a—
55
17%
17%
__
Sinclair Oil Corp
1
•'
42% Mar
20
12%'
45%
•
& M
a
a35% a36®8
•
•
Navigation Co
&
12%
a
*
McKesson & Robbins Inc
M
al2%
15
Jan
a_i.
Feb
7%
1,200
a25 % a25 %
•
Inc
2.45
2.20
•
Co
Johns-Manville Corp
Kennecott Copper Corp
Loew's
1
—
Canada
Tel
common
——
Tobacco
Swift
International
11'/a Mar
25%
'•••
Inc
Reynolds
Jan
'
a__
39%
1
15%
Jan
16%
Airways
Republic Steel Corp
Jan
31% Mar
a38
pfd
cum
205
•
__
Radio Corp of America
Radio-Keith-Orpheum
Jan
Feb
4
4
15%
High
Feb
V*
a29%
a29%
10
—
Jan
5%
42
Feb
111
39%
1
common
common
Pepsi Cola Co
Phelps Dodge Corp
23%
Feb
111
■
10
common
Paramount
Feb
4%
31'A
100
8
20
——
Cement
Co
Motor
American
Riverside
pfd.
pr
879
12%
15
Pennsylvania RR Co
49%
22%
10%
10
..
•
Corp
Jan
Feb
45
10%
11%
,-vT'
Jan
49
1,966
111
5
Low
240
15%
'
'
Range Since January 1
13%
a—
38%
a
'
1
'
Shares
High
13%
10%
'
—V
1
—
2%
.<
5%
4%
10
Bond & Share Co
Board
29
a38%
,__10
Co
'
__j.—J—_
Ltd..
22%
Mar
a
195
common—
Co
Pure OH Co
Dominguez Oil
I
common
Pacific
22% -Mar
22%
a
5%
5%
_•
Aviation—
Pacific
*
Commercial
of Prices
Low
Jan
Feb
North
Jan
Feb:
15
22
*
Jan
40%
32%
353
Columbia River Packers
capital
American
14%
54
41
Sale Price
Par
High
16 % Mar
174
a33% a34%
10
commor.
12
'
50
10
41
41%
140
al4% a 14'A
25
RR
45
16%
25
common
&
16 Vo
1%
25
Ale
Railway
I)
a38% a39 %
2%
Pacific
Chesapeake
Cities
—15
:
—
MARCH
Range Since January 1
High
N
Bordon
(1181) "41
for Week
,
of Prices
Par
WEEK
FOR
CHRONICLE
Sales
Range
Sale Price
FINANCIAL
STOCK
RANGE
STOCKS-
&
39
38%
39
3,070
•
17%
16%
17'A
645
24% Mar
162%
Feb
Jan
'
42
COMMERCIAL & FINANCIAL CHRONICLE
THE
(1182)
Monday,, March 15, 1948
TT~
CANADIAN
RANGE
LISTED
FOE WEEK ENDED
MARKETS
MARCH 12
r
Friday
Last
Sale Price
STOCKS—
Placer
*
1
Tubes-
Development—
i
High
Feb
29
18%
Jan
22
'•*
Mar
375
22
40
37
Feb
41
Jan
Price Bros
—......*
of Canada-
Orange
59
59
61
16
94
16
94
16
12%
100
101
10%
H2
13%
100
101
10%
114
_—
—
__
pfd:
St Lawrence Paper 6%
—
—100
113
Williams
Sherwin
7%
preferred
of
Can
*
Simon
(H)
Southam
Canada
Southern
7%
preferred
Feb
100
Mar
Jan
102
Jan
Russell; Industries Ltd—
Jan
Sangamo Co Ltdwu—
Southern'.?€%hada Pr 6%- pfd
16%
10% Mar
111
Southmont
Feb
510
85
12
400
75
160
21
480
415
50
17
6%
68%
—
6%
68
73
6%
68%
73
Twin
City
*
—
Steel
5%
5%
5%
•
24%
24%
22%
23%
—
Corp
Walker Gooderham
&
Worts
Winnipeg
Zellers
Electric
Limited
*
common
•
pfd—
23%
25
common
5%
—
26%
*
'
25
,
Mar
J an
io%
Jan
4%V#eb
"-!1"
>,-% 500
'
.
Jan
;:;-6
Jan
25
Mar
-
loo
10
22
Jan
370- .*^13% Feb v:;..14% Jan
10
200
•
'
107
1
107
39c
.—*100
39C
-
107
104^Feb.'
19 '
''
United
Jan
United Distillers of Canada
Jan
Woods Manufacturing Co'Ltd—.—
r\,'
Windsor Hotel Ltd
12% Mar
15%
Jan
Feb
14%
*
:40c
17,283
Corporations
class
B_—.".I—_*
•.
.
"'17
Ltd.ili^*
"
•
3
115•,
t'eu
im
Jam
40c
Jan
~
.
17
17
18%
10
45
45
10
-
18%'
Jan
21
Jain";
Jan
10
Jnn
45
44
Jan
10
60
10
Mar
18
100
.
18%
10
Feb
45
Feb
,,
Jan
*
Mining ..Stocks-—
Feb
22
Feb
17%
Feb
19
Jan
16%
Feb
18
Jan
6
Feb
7%
Jan
77%
Jan
73
Feb
79
Jan
Band-Ore
Gold
500
3c
4,860
10c
3,000
8c
10c
8,800
7c
Ltd
l
Yellowknife
Mines
Mines
9c
1
Ltd.
10c
10c
39c
40c
1
19c
15 %c
5% Mar
Feb
7
Jan
27
Jan
22%
25%
26%
20
2,126
140
22% Mar
26%
125
20% Mar
21%
Jan
Candego
435
22
Feb
23
Jan
Carti«P*MBlartic
Mines
Ltd. —1
1,031
108
25
Feb
28
Jan
Centremaque Gold Mines Ltd
—1
35%
Jan
37%
Feb
1,454
23 % Mar
25%
Jan
Gold
Jan
20%
Feb
25%
Feb
26%
Jan
Mar
3%c
Jan
12%c
Feb
10c
3%
Jan
22c
Jan
3,000
Mar
54%c
Jan
Feb
21C
154,100
10c
Jan
26c
5c
2,000
5c
Jan
5%c
*51c
51c
Ltd.
1
Ltd—
55c
3,500
51c
5c
2,100
3%c Mar
1
Brazil Gold & Diamond Mines Corp
Feb
7c
Jan
6c
16,000 "
•
3 %c
Ltd---
Bouzan Gold Mines
17 %c Jan
Jan
5c
Ltd.
Bousoadillac Gold -Mines
Jan
25%
Mines Ltd—.
Mines
Mines
7c
Feb
7c
800
12c
39c
24% Mar
Bob's Lake Gold
6c
Gc
I
.1
Ltd—
120
Bonville
Mar
"
345
905
5%
7c
3c
9%c Mar
*•
Mines
Gold
7c
3c
9%c
3c
Beatrice Red- Lake Gold Mines Ltd
Beaulieu
Feb
7%
1
Ltd^!
Mines
Aubelle Mines Ltd
Jan
67
1
Alta Mines Ltd
Arno
Mar 11
55c
Feb
Mar
Feb
5c
6c
Feb
2%c
Feb
5c
5c
2,500
4c
Jan
2c
2c
2,000
2c
Mar
40c
40c
3,000
40c
Jan ™
3c
5c
9,000
2%c
Feb
8c
8c
10c
1,800
8c
6c
500
6c
Jan
15c
15c
16c
23,780
15c
Feb
6c
6%c
3,000
6c
Jan
9c
Feb
15c
16 %c
5,946
15c
Feb
22c
Jan
23
23%
700
75c
80c
4,500
1
--
S
Banks—
10
20%
20%
10
22
22
20%
22%
Montreal
10
26
25%
26
36%
36%
Scotia
10
__
10
-i
24
23%
24
•
■i-
:
Central
notes,—.
1949
50
50
$3,000
Gold
1
__
Cadillac
6c
.
Ltd —1
Mines
~
*
56c
Mar
.
Feb
5c
Mar
16c
.
Feb
8c
Jan
22c
Jan
•
1
,Mining Co Ltd
'
15c
—-1
1
Jan
50
Jan
50
'J
•
Mines
Explorations Ltd
Cournor
3%
Power
Gold
Cheskirk Mines Ltd
Consol
Cortez
•>-«!
BONDS—
Montreal
•HI'
Mar
10%
'
5%
Canadienne
Royal
-
;
6
25%
Commerce
Nova
17
10
-
Jan
4c Mai'
16% Jan
„
Jan
25
17
11
5
_*
Mar
109
Mar
10%
Feb
14% Mar
.
5
*
25
Ltd—
Co
2c
.■■V: 75.
High
110
Mar
7%
100
•
Jan
150
Bordulac
Weston (George)
17
ii
17
110
671
*
Bevcourt
United
109
*
U
25%
Feb
13
15
(Canada)" Ltd-.—*
Ltd.——
47%
Mar
12%
Co
Lavest
14 %
14%
50
-
21% Jan
Feb
20%
24
17
Jan
132
Mar
45
•
Steel Co of Canada common
Rand Service Stores
14
Mar
144
•
—
Jan
1
•
Standard Chemical, common
Jan
17%
Reliance Grain
2c
1st
cum
101
4,023
855
21 %
17%
17
" 17%
*
Power.
98%
21
17%
*
common—
Co
Jan
Power -.Oorp
2c
109
*
Mar
2
25
Sons
&
Press
—
Paul Service Stores Ltd
Jan
7%
:
pfd——100
Quebec Pulp & Paper 7% red pfd._100
Quebec: Tel Cqrp class A—
»
12% Mar
Raiige Since January 1
;
Low
110
.7%
...
68
12%
•
Voting trust
i—
Feb
25
144
144
--Warrants
100
92
55
105
25
101
Shares
High
110
:i*
14% Jan
12%
__
100
Sicks Breweries common.
21 %
45%
.
Ltd—
Crush
Low-
Par
pfd-—100
cum
Feb
144
45%
25
45%
*
com
——
20%
20%
Shawlnlgan Water & Power com.—•
Series A 4% preferred—
50
>.
,
6%
16
25
625
Paper common
*
preferred————————100
Rolland
"i" •SVf*
"
v
94
1,716
—
Saguenay Power 4% preferred——.100
St Lawrence Corp. Ltd com-————•
•
L & P
58%
*
.
■'
" ""
11
230
•
4% preferred ———
Quebec Power .i.—
4%
13%
———100
Co Ltd common—
&
13
—
V
,
Nova Scotia
fv*.
Power Corp
for Week
of Prices
J
Jan
32%
Sale Price
Sales
Range
Last
STOCKS-
375
4,064
31%
22
39
22
39%
•
Powell River Co..
Low
High
30%
—
.„
Week's
Friday
Range Since January 1
Shares
of Prices
Low
Par
Page-Hersey
Sales
for Week
Week's
Range
Dome
Mines
Donalda
*
Ltd
East
Sullivan
Eldona
1
Montreal Curb Market
Mines
Gold
23
...
Mines Ltd
Ltd
-V
21c 23 %c
21
~"l
Ltd
Mines
75c
»
Dulama Gold Mines Ltd
1.95
/
1.0)
Mar
Feb
27c
Feb
3.50
1.95 Mar
Jan
18c
•
2.55
14,100
83c
12.400
70c
Jan
1.31
Feb
18c
75c
El Sol Gold Mines Ltd
23% Mar
•
Mai-
21c
73c
1.95
1
Jan
20%
75c
3,000
21c
2,500
18c
Mar
23 %c
Feb
Canadian Fund*
Last
Glove
Acme
Steels
Atlas
Auto
Prod
High
Low
Heva Gold
Hoilinger
.
Mines Ltd
.
..
10c
4%c
4c
..1
14c
14c
1,025
9
Jan
10
Mar
19
35
19
Feb
20
Feb
10%
10%
360
10% Mar
12%
Jan
10
75
10
Jan
10 f;
Jan
4
Mar
6%
Jan
14%
Feb
Labrador
Gold—
10
pfd
Bathurst Power & Paper Co Ltd B
*
*
4
4
110
Erandram-Henderson
*
'14%
14%
27,500
19,200
10
J-M
Consolidated
Jack Lake
Gold
Mines
14c
14c
3,000
Mines Ltd
Joliet-Quebec Mines
10%' Y,
2%c
2%C
5c
-5c
5%c
3i>c
37c
—1;
1
■
Kerr Addison
Gold Mines Ltd
24c
Jan
14c
Feb
16c
Feb
10
675
1.771
Feb
12
Jan
Jan
3c
Feb
6C
Feb
4c
49c
Feb
35c
Feb
Feb
\
14%
l
_
_
Jan
6%C Mar
Jan
Mar
2%c
7,000
1
Ltd
4c
14c
5,000
3oc
Ltd. ...1
20C
Feb
8%C
9.300
6c
16c
10%
10%
5
Jan
A
10C
9c
1
_
Consolidated
10
19
*
class
1
1
Ltd—
Range Since January 1
Shares
High
9%
Limited
Fabrics
Mines
Mines Ltd.
*
Development—.
Gold
*
Goldvue
__5
Works Ltd
Anglo-Nfld
of Prices
Low
Par
Found Lake
for Week
Range
Sale Price
STOCKS—
Pormaque Gold Mines Ltd
Sales
Week's
Friday
14%
14% Mar
13% "Feb
200
""
Brewers
Distill
&
of
British Columbia
Class B
Ltd
Vancouver
Packers
A
*
♦
....
4%.
16%
Jan
12%
Jan
Lingside Gold Mines Ltd
4%
4%
250
4% Mar
5%
115
74
155
Mar
1
100
3,110
82
82%
176
11%
11%
50
3%
50
—
*
Co
:
common
Canada & Dominion
Malting
87%
Feb
2
4
3%
Canadian Dredge & Dock Co Ltd
Gen Invest Ltd
Industries
Feb
13%
Ingersoj Rand Co Ltd
Inter Inv Trust
5%
3% Mar
3% Mar
18%
600
15%
320
45
Mar
50
19%
19%
25
19
Mar
25
Jan
14%
.15
196
14
Feb
15
Jan
20
20%
790
20
166
5
162
24%
Feb
166
20%
Jan
66
61%
30
95
2
95
Mylamque Mines Ltd
Cons
...
7.65
5.00 Mar
770
.
13
6c
6c
2,500
5c
1.34
58.100
73c
Mai-
78c
Mar
78c
91c
12.400
1.88
1.88
2,000
64
65
452
Feb
8C
Feb
73c
Jan
fl'4% Mar
Jan
ec
1
5
___
64
,v
-
31%c31%c
1.66
'1.45
1.90
Jan
Jan
Feb
1.95
Feb
Mai-
65
Jan
57
"...
1.10
13,600
1.65
1.70
1,700
1.75
1.75
1.90
2,900
-,-l
5.50
5.20
5.50
:
1
6 %c
1
5
V
Ltd
O'Brien GoldJAines Ltd
1.10
1
-
1.65
—_—„
31 %c Mar
31 %c Mar
500
1.07
__
Dredging
Normetal Mining: Corp
175
Pato
Dredging Ltd.
Pitt Gold Mining Co Ltd
Quebecc Labrador Development
Quebec Manganese
Rochette Gold Mines
Santiago
1.18
Jan
1.65 Mai-
1.95
Feb
1.75 Mar
2.17
Jan
Jan
5.80
1.05
r
•"
Feb
66%
Feb
Feb
Silver
Miller
Gold
1.60
1.60
725
1.75
1.75
1.75
593
1.75 Mar
*
11
11
20%
20%
11
484
*
10
1.95
Jan
2.00
Ltd
-
Mines
Mines
Ltd
1
-
Jan
9c
Jan
162,450
69c
Mar
89c
Feb
31c
44c
17,800
19c
Feb
65c
Jan
11c
Uc
11c
2,000
10c
Jan
15c
15C
15,100
12c
Feb
•16c
2.00
8,500
27c
900
14c
1.70
1.78
1
27c
27c
40c
40c
*
59c
55c
Jan
Stadacona
12%
Jan
27
Jan
20% Mar
Jan
Standard
3%
3%
9,325
Jan
Sullivan
Canadian Westinghouse Co—
*
40
40
6
38
Feb
41
Jan
Teck
Cassidy's Limited
1
12
12
219
12
Mar
14
11% Mar
Jan
7% Mar
8%
Feb
Gold
Ltd
1944 Ltd
Ltd.
Mines
1
Mar
41c
Jan
Jan
40c
Jan
43c
4,935
55c
Feb
67c
10c
Feb
r
60c
10c
10c
1,3C0
1.40
1.65
4,100
3.25
__
1.40
Jan
Jan
i
3,500
40c
T
27c
Feb
3.00
1.70 Mar
3.25
1.40 Mar
Jan
lie
Jan
2.08
-
Jan
Jan
13%
Mines
Mines
Jan
2,500
74c
32c
•
I
_
6^/2 c
7c
72c
1
Ltd
5.2C
6 %C
14c
Sherritt-Gordon
1.60
Co
500
72c-
—1
Mines
106%
Feb
.
..-I...
Jan
Jan
Jan
l
—
Cons. Gold
Mar
com__*
common
900
78c
——_
—...
Mclntyre-Porcupine Mines Ltd
Siscoe
66
95
66
1.45
preferred
5.75
14%
Jan
15
Feb
Jan
16%
—*
Company..
5.00
14%
'
Jan
47%
pfd..100
Candn Power St Paper Inv Ltd
1
Jan
16
•
Canadian
Ltd
108
Feb
11%
47
100
Canadian
Canadian Vickers
82
Jan
16
*
common
'.T—
73c
—1
—
'
.;
1.00
Malartlc Gold Fields Ltd."
Jan
47
•
-
Canadian Marconi
6%
*
Canadian
7% preferred
160
Feb
*
Sugar
Ltd
Co
Macdonald Mines Ltd
Feb
;.
'
3%
Necni
3%:
-l
_
Louvicourt Goldfields Ltd
84
common
5.00
Feb
155
Canada
cum
Mar
3%
1
5%
15
12% Mar
155
—
Canadian
23
25
82%
—-
Butterfly Hosiery Co Ltd—
Canada
15%
12%
100
Preferred
Brown Company
Preferred
Bread
15
Pulp & Paper com—*
British Columbia
Mining & Explor Co Ltd. —l
Lake Shore Mines Ltd
12%
15
Ltd__5
class
14%
Canadian
Western
Lumber
Co
3%
2
3%
3%
Feb-;
Cons
Mines
Prod
Chateau-Gai
Wines
Ltd
....
»
Ltd
...
11%
11%
75
*
com
7%
7%
30
Mines
Ventures
Ltd
Claude* Neon
General
Adv
Consolidated Div Standard
Sec
cl
3%
*
common
A.."
Preferred
35c
25
35c
47%
20
200
35c
11
16%
3%
35c
Jan
16%
Jan
Feb
Feb
.
—
Consolidated
5%
Cub
Textile
Mills
preferred
cum
Aircraft
Ltd
0
65c
16
16%
115
16%
55
65c
65c
15%
4,230
11%
16%
20
__
20
250
25
11
16%
com__*.
...
Ltd
Corp
25
1,000
9
25
Jan
Calgary
Edmonton
&
Dalhousie
19
Jan
Feb
11%
17%
Jan
Home
95c
Jan
Omnltrans
Jan
-20
24
24
25
24
Mar
24
Mar
•
38%
39
230
33
Feb
39
Woollens
Donnacona
&
37%
37%
Feb
40
Fairchild
0
11
72
11
Mar
21%
22%
5,665
20
Jan
6%
•
—
Limited
6%
7%
300
1.00
95c
1.00
36
38
55
2%
2%
2%
8,720
Fanny Farmer Candy Shops Inc
*
Ford Motor Co of Canada
•
class A__
6%
Praser
cum
red
preferred
Companies
46%
22%
475
35c
600
5%
.
22%
35c
22%
*•
100
5%
6
46%
47%
683
23%
Halifax Insurance Co
•
Lowney Co Ltd (Walter M)
MacLaren
Power &
13%
•
Paper Co
36%
*
Maple Leaf Milling Co Ltd——.
Maritime Teleg & Tel common'—. -10
McColl-Frontenac
Oil
4%
pfd—— 100
17%
261
15%
11
x13%
13%
215
37
11%
-
Minnesota
Distilleries
<fe
Ontario
Ltd
6%
95c
2 %
Mar
Montreal Refrig & Storage Ltd
—5
38
11%
450
150
36
Mar
*
2% Mar
*
49
2.79 Mar
2.79 Mar
200
3.75
Feb
4.50
Jan
1,100
12 %c
Feb
20 %c
Jan
2,000
38c
Feb
45c
Feb
1.71
i:71
1.90
1,200
6.10
6.20
6.50
Jan
*
10c
9%c
12c
39,000
9%c Mar
16c
Feb
•
5%c
5%c
6c
113,000
5%c Mar
P%c
Feb
17
17
Feb
18%
Jan
-
1
—
Ltd
Ltd—...
•
Royalite Oil company Limited
3%
Toronto Stock
1.25
5.25
1.95 Mar
Jan
1,305
Feb
,
»
50
16
Friday
Jan
Last
21
Jan
23
40c
Feb
Feb
42%
6
54%
Feb
Jan
Jan
16
Feb
19
15%
Jan
15% Mar
12 %
Jan
37
Mar
11% Mar
.
14%
43
Jan
Jan
14
Jan
30
19%
Jan
20
Mar
125
25%
Feb
28
Jan
93
5
93
Feb
93%
138
23
1,850
21%
7
66
67
225
for Week
Shares
Range Since January 1
preferred
preferred
Acadia-Atlantic
Preferred
*
14%
3.130
13%
Feb
17%
Jan
20
«——•—20
18%
18%
19
1,155
18%
Feb
20%
Jan
37
37%
85
35%
Jan
37% Mar
—
A
*
18
18
30
16%
Feb
19
Mar
99
99
25
98
Feb
100
Feb
—...—*
Mines.——;
Steel common
Gold
Aigoma
Ltd
*
1
—1
—
—....;
8
,75c
1
*
•
common.
12%
Feb
13%
Jari
Aluminum of Canada 4%
20
Feb
23%
Jan
—
pfd.__.
21% Mar
22
Feb
Amalgamated Larder Mines
American Nepheline
65%
71
Jan
American
Feb
■
—100
class
—...
Agnew-Surpass —
Akaiteho Yellowknife—
—
Alberta Pacific Cons.—-——rAlger
High
High
13%
Abltlbl Power fr Paper common
ftl.50
Low
Low
13%
Par
Feb
13
Sales
Range
Feb
20
22%
Week's
of Prices
Jan
Feb
5
26%
21%
com
Sale Price
STOCKS35c
Exchange
Canadian Funds
Jan
19%
13
23
67
11-25
...
1
*
Yellowknife—
1
For footnotes see page 46.
Jan
17c
•
Jan
93
*
.
pfd— _10
Paper Co
Jan
Jan
41c
15c
«
*
Exploration
Oils Co
Aluminium
Melchers
9c
5.00
4%C
v
Feb
15c
•
.
Jan
26
19%
Massey-Harris Co Ltd 6 % % con pfd 20
16%
15%
16%
10
...
4.10
Jan
Mar
40 %c
*
Ltd
Corp
Ltd—
Oil Co Ltd
$2.50
•
Great Lakes Paper Co Ltd com
Co
Jan
9%
6% Mar "■
625
36
—5
Fleet Mfg & Aircraft
37%
60
11
22
*
Foreign Power Sec Corp Ltd com
400
3c
Jan
Worsteds.—.
Paper Co Ltd—
Aircraft
2.79
6.30 Mar
Jan
14
*
Eastern Steel Products Ltd.—
2.79
~
..
5c
4.75
Jan
19 %c
Mar
Dominion Square Corp
Dominion
2,000
— —
Mar
6.30 Mar
Jan
Pacalta
Dominion Malting Co Ltd
Dominion Oilcloth & Linoleum Co
Oil
Gaspe Oil Ventures Ltd
Feb
16% Mar
65c
Mar
100
3%c
■
: 9c
Oil Stocks-
Consolidated Homestead Oil
Consolidated Lithograph Mfg Co Ltd..*
Consolidated Paper Corp Ltd
*
83,000
5.00
3c
4.10
1
Wright Hargreaves Mines Ltd-
45c
Mar
16% Mar
27
Jan
4%
Feb
6c
5Q
5.00
50c
47% Mar
3%
16%
Ltd
3%
35c
100'
Alcohols
:
400
'•
~5c
„
58
Mar
35c
'47%
_*
com—
Preferred
Mines Ltd
2,000
6.30
6.30
1
Vinray Malartlc Mines
3.25 Mar
3.25 Mai-
9c
9c
9c
a
-
Westville
•
*
„1
—
Waite Amulet Mines Ltd
Commercial
•'
Hughes Gold Mines Ltd— —1
Thurbois
common
Chatco Steel
..1
Ltd
/
8
8%
225
75c
75c
1,700
16c
1,120
16c
.
5c
5c
6%c
34,000
38
37%
40
770
217
217
225
520
24%
24%
24%
355
23c
23c 25 %c
16,200
30c
30c
ll%c
30c
3.500
11 %c 13%c
32,300
Feb
8%
75c
Feb
87 %c
16c
Mar
7%
Jan
1
Jan
20c
Jan
4%c Feb
13c
Jan
37%
Feb
56
Jan
FpV
'Mar
225
Mar
195
24
23c
22 %c
9c
Mar
25%
Feb
38c
Jan-
41 %c
Jan
Feb
Feb
16 %c
Feb
,
.'t-V
167
Volume
4681ft7fe-:77>v:.C
Number
i.pV/to"v .T, ,»•{',
I1,*
■
THE COMMERCIAL & FINANCIAL CHRONICLE
RANGE
■;
r'\.>
•<*,.•>.
"v
•
,
•
Oil
Canadian
low
Par
1.65
8.60
——w*-
——
Ar.glo-Huronian
Friday
Week's
Last ,o
Range
Sale i'tice • of i*r»ces.
-
t>:>
'
"
i'
Anglo
7
«
STOCKS—
»■ •»••.
___——.
LISTED
CANADIAN
i',
>.
WEEK
ENDED
Cons Resources __
Porcupine --.—
*
v*
Low<,
11,400
Corp
Argus
7-*
common—
Preferred
«*-——.-100
_
Warrants
—
.1—»——-
—
35c.
■'
.)
—
.
1.52
.....
2,083
: v,
2.12
.
Feb
42c
STOCKS—
17,600
Arjon Gold
Armistice
-1
-
—.
-
■
12c
Feb
Class
Jan
6
Cockshutt
Mar
20
67
Mar
1,000
35c
-Jan'
3lc
;>
7% -Jan
60c
a
;
Plow
11
—1
Ashley. Gold & Oil—.
Quebec—
Athona
Mines
Atlas Steel
—
:
Colomac
Aubelle
*
____1
-——1
16c
1
.*•
t--
National
Coniagas Mines
-•
Conisfurum
-Jan
7
'
class
—_——_9
A
-7 9c
.
9c
3.70
,_j—1.
Consolidated
Bankfleld
14c
Bank
of
—
Jan
Consolidated
13%
Jan
Consol
-
-
500
Feb
16'Ac
Jan
Jan
11c
7c
Jan
9%c
Jan
13%
Jan
ounsumers
15c
Feb
Bank
of
Nova
—i—10
Montreal
9,100
Feb
Cosmos
9c
Mar
16c
15c
.
Mar
2,966
25
25c
10'A Mar
14c
Scotia
—.--10
ij
fl6c
3.50
3,700
7c
26%
1,500
25V2
-
36%
36%
Feb
Metals
Bathurst
Mining
.j-_—i--0
A
class
Rower
*10c
*
•
1
——1
Bear Exploration & Radium—
v."34c
•
<
>
16%
Mar
34c 44%c
48,300
Bell
River
Gold
Bevcourt
Bideood
Bonetal
Ltd
161% »V.
v
..
225
V'
S ifi A
—1-vl3%e
—1
,
r
.v465
35'A
Jan
37%
Croinor
Cub
Feb
Jan
I
55c
22
15.500
'AOc 21 V,c
^
48c
72c
13'Ac
•
24c
24c
15c
41
Jan
Feb'
25c
Jan
Jan
Mar
53c
169
Mines
Boycon
Feb
65c
Mar
,60c
Millan
&
51
51c
55c
Mar
'28c
4c
4c
4%c
23c
5,000
A
65c
Brazilian Traction Light & Pwr com—*
Erewers
Brewis
&
Distillers
Red
British
Oil
British
Columbia
—1
Packers
Class
B
Eroulan
4c
1,200
A
Building
1.00
Burns &
Class
CalgaiY
Calmoct
Canada
Canada
50
23% Mar
50
9% Mar
'
.1
1
Mar
3'A
3
3'A
3,550
12'A
12 %
155
12'A Mar
4%
4%
5'A
355
4'% Mar
3
Mar
13%
6
•
1.30 Mar
9'/aC
25c
Mar
48c
Feb
1
38c
38c
45c
3.4C0
30c
Feb
45c
Mar
1
63c
63c.
68c
36,600
55c
Feb
1
51c
51c
59c
22,200
50c
Lake
Ye.llowknife
Coal
717%
18
1,475
49c
56c
26,150
22%
23%
1,695
26
26
26%
265
17'A
•
18
15
51c
10
—
17%
22%
2
-
—
Bank
preferred
25
Electrohome
Fab
1st
Dominion
Scottish
Dominion
Steel &
Dominion
-
5%
pfd
—_9
5%
.
5%
26
425
24%
Jan
26%
50
* 24
2%
1.025
2'A
Feb
2%
Jan
22 %c 25 %c
48,700
1.85
2.04
3,000
■
Feb
16c
9
1.75
2.40
Jan
6
7
210
11c
lie-
12c
3,100
11c
Mar
15 %c
13(5 )
14c
14,400
13c
Mar
25c
pfd
Coal class
B
30%
4?0
28'A
Feb
30'4
200
11
Feb
12%
23%
23%
25
14
14%
240
—
10c 11 %c
11c
29
>3.95
23% Mar
29
7
'10c
-4Lc
>.
41c
2.90
I.
4.25
-
16%
Jan
Feb
,
10c
Maf
29
20
15c
Jan
29 %
Gold
Mines
14%
.20
>12..670,. OA.3,65 Feb
7
4.65
6c
Feb
13c
-
.
A—
41c
Feb
65c
Jan
27 %
-
—
—
.
•
—
.
'
11%
27
28%
.
19
.1-;7
Sullivan
Mar
53%
16
Feb
Paper
Feb
18'A
Jan
Mar
26'%
Jan
20
Feb
21%
Jan
12%
12%
100
11
Feb
12% Mar
10%
11'A
360
10% Mar
69 %c 80 %c
39,900
69 %c Mar
20 %c
24c
35,700
17c
Jan
29c
38c
43c
7,700
38c
Mar
74c
Jan
5%c
9c
49,360
5%c Mar
12c
Jan
10c 10%c
71
El
Sol
Feb
14
35
Feb
A
25
70
>
19
Jan
75 >
Feb
22
6.109
23
24
Mar
com—!
1.61
Jan
2.08
Feb
1.94
1.94
2.60
51,285
1.94 Mar
3.50
Jan
■■"-V
.
7
8
35
655
17%
7
Mar
400
35%
30
Jan
."A"—
!
Federal
17
17
17
Mar
19%
Jan
52c
60c
22,350
52c
Mar
74c
Jan
73c
70c
84c
127,450
68c
Jan
15c 22 %c
16,900
15c
Mar
25c
Jan
16,074
2.85
Feb
4.93
Jan
7
Grain
2.90
3.75
•
415
i
Pleat
''■
com
16
7
37%
of
Jan
Jan
4'%
Jan
4
95
25
6c
4,856
8%
7%
8%
2%
■»%
2%
14'/a
14%
*
-
class
Z
;
100
A
•
preferred
22%
»
J)
12 %c
400
245
25
•
2,850'
100
22%
3,650
92
10
1.55
-1.60
L325
13c
92
•
23
12c
100
Exploration
7%
Gatlneau Power
9
common
preferred
_
100
Jan
5 % %
Ga"«ral
18%
215
18% Mar
21
Jan
General
Products
II
335
10'A Mar
13%
1.85
10,650
19
19
1&
15%
17
Jan
15%
-
Feb
61
135
19
19%
1^5
9%
870
14
00
56% 'Feb
19
63%
!
25%
11%
Jan
15%
Mfg class A
103 104%
Mar.
11%
1,125
11
Mar
13%
Jan
15
22
Mar
30
100 %
_»
Tire
75c
*
85c
Feb
88c
140
12
Feb
15
13%
2,914
13
Mar
15'A
25
100
25
Mar
26%
1
12
1
—1
1.23
—
1
15c
*
1
21
10c
92
23%
Feb
15c
Jan
94
Feb
Jan
Mar
1.55 Mar
18%
Chartered
Chatco
Trust
2.29
20
Feb
Steel
common—.
111
16
75
100% 100 %
10
14%
7
14%
|
100%
Cheskirk
Mines
Chesterville
Chimo
100%
Jan
Jan
102
Mar
106%
Jan
3.75 Mar
0.10
Jan
16,800
2%c
2%c
1,000
59c
62c
:~
24,114
10c
"14 c
Feb
3%c
Jan
Jan
'
-
Gold
Oil
Lake
17,600
72c
26,235
1.09
Jan
14c
1,000
13c
Jan
17 %c
Jan
■
v
7,647
75c
Feb
Gold
1
12c 14 %c
1,700
11c
Mar
16c
Jan
Jan
7%c
'
Feb
J;tn
14c
Jan
Goldcrest
Gold
'i
Eagle
V
•
__
_
Golden
Mines
Arrow
1
Jan
60%c Mar
i
Goldhawk
18
20
16
Feb
18
Mar
i
Goldora
Goldvue
2,600
"10c
10c
13c
5,300
10c
1
2.10
2.10
2.40
15,500
*
—
Mines
10c
10c 11'Ac
9,176
10c
32,200
5c
Mines
1.51
1.91
1.24
1.20
1.31
5,100
1.51 Mar
2.6§
Jan
400
1.20
Feb
1.35
Jan
5,500
v.
,1.20
Jan
1.40
Jan
Porcupine
15c
;
26,500
18c-
,
15c
Mar
33c
Jan
5c
]
14c
Goodfish Mining
Goodyear Tire common
:
5c
4c
Mines
Golden Manitou Mines
Mar
Bar
Coastal
5'Ac
2.55
2.55
i
Gold'
Citralam
12
34c
5'Ac
—
20c
10c
5,700
140
10
12
7%
35c
6c-
50
•
80
1,700
9c
140
11%
Mar
*
——1~50
5c
5%c
6c
50
•
14c 16 %c
3c
108
•50
23,500
4 %c
105
3c
_
Preferred
Feb
13
Jan
Mar
5'Ac
Feb
3.00
4,900
2.45
Jan
20c
23c
2,500
1.10
230
1.00
Gordon
Jan
10,900
20c
Jan
145
7'% Mar
34c
16c
Mar
1.00
9
z
Jan
Feb
8%
65c
50%
7,700
2.04
Jan
2.65
Jan
16c
Jan
9c
Jan
Feb
14c
25 %c
Mar
3c
Feb
40
101
49
Feb
8%c
Graham
,
1.25
Knitting
9
1
—
Oils
4c
3%c
18c
1.99
1.99
9
Cochenour Willans
For footnotes
9
i
see
page 46.
:
1
9
4c
25
9
Mar
10%
Feb
5c
18c
1.C00
15c
Feb
22c
Jan
14,400
•
•
10%
40
10% Mar
10%
Jan
19
50
19
20
Feb
14c
Mar
Great
2,250
10c
Feb
14c
Mar
15c
15c
1,000
13 %c
Feb
15c
Mar
17%
2,848
15%
Feb
19
Jan
41'A
41%
390
40%
Jan
44
Jan
7%
7%
7%
200
7%
Feb
4%
4
Mar
5
Jan
.1
60c
65c
76C
5,762
65c
Mar
88c
Feb
1
34c
34c
37c
10,425
24c
Jan
37c
Feb
13%
13%
14%
1,145
13
Feb
16
Jan
4c
4c
4,500
3%c
Jan
5%c
Jan
2%c
3%c
7,000
2%c Mar
3c
Jan
14c
•
West
Felt
16%
*
'
-
a
preferred
Gunnar
Gold
_
Guayana Mines
Gypsum, Lime & Alabastine
—_
_
__9
;
235
7% Mar
Jan
2.20
Jan
•
16%
;
Feb
3c
•.
4
Mines
Great Lakes Paper common
Class A preferred
-
Jan
12,500
T1
19
*
Jan
Jan
Jan
52%
10%
_
Bousquet
Grandoro
7
3.00 Mar
30c
Jan
4'Ac Mar
108
Feb
240
.7
Feb
'
Jan,
Jan
■»
Mackay class A
Grafton & Co class A—
1
Malartic
Jan
63c
14c
_
Gold
58c
78c
59c
60 %C
1
_
1
2%c Mar
Mines
Goldale
19
7%
34c
Jan
Jan
10
11c
Mar
1
j__
—
Mines
Chrominum
Circle
1
-
Jan
17
Mar
16%
10c
Globe
i
16
Jan
Feb
10c
19
140
9
Research
Jan
3%
Feb
14
1
Glenora
2%
210
r
102
25
9c
,.9
Chateau-Gai Wines
Chemical
Feb
Jan
108
Mar
4.75
_
—.100
Jan
Feb
•
Centremaque Gold
Feb
15
108
102
19
1.24
_ru
Mines——
Jan
Feb
Jan
13%
101
3.75
18
1.65
Jan
3'A
50
102
19'
Gold
«
40
3.75
-..
Jan
-
,'
—9
9
8'A
7% Mar
2%'Mar'
100
1
/•
Jan
25
class
Feb
Jan
Jan
13
12
—9
7'A
Jan
6c
3
_I_—100
Lake
L
.
Jan
Canadian
Feb
109
16
9
Preferred
Feb
14
23%
13
100
Mar
5c
108
100
Gillies
Jan
22
75c
3% Mar
>90
3
preferred
General Steel Wares common-
Jan
Mar
8% Mar
-
11
25
Mar
Jan
100
103
Bakeries
18
11
*
a
Jan
18
47%
4
^
4.55
15% Mar
34
91
4
3.75 Mar
830
5%C
Gold
(A
Jan
14
—•
Feb
Jam
23%
Railway
1.30
940
•
-_r-l
preferred
Canada
Froblsher
-
91
com
Fleury-Bissell
Freiman
1,258
.
16%
34
5%c
/•
common
Aircraft
Mfg At.
Francoeur
3.95
16
'
—"Xloo
Fittings Ltd
j
3.25
34
__
Kirkland
Fibre Products
.
2.90
Nick«i
Preferred
Feb
9
common
Jan
Jan
58c
Players
Federal
;
Jan
9
Cos
9%
38
1
3.85
Falconbridge
Fanny Farmer Candy Shops
25%
8%
,^T_v.9
Feb
Jan
11,900
15c
!
21'A
61
-100
10c
45c
Feb
1.95
-1
Mar
15%
19
Jan
6%c Mar
26c
2,500
—1
Corp
23'A Mar
15%
9
33c
Feb
Feb
Feb
1.70
Mines
25
20
•—*
Jan
1.10
—20
__
!_
Mines
|
41 ■»; Jan
598
>•
9c
14
1.70
———25
class
Gold
Eureka
Jan
11
115
rji
4,500
7c
13%
i
Mines
Gold
41 % Mar
22
Jan
35
22
10 Vi
-
Porcupine
Jan
40
190
7%
250
10%
,1
Gold
8
1
-
19
*
Dredge
Patricia
Mar
-
Jan
18
Mar
Jan
37%
^33*** Mar
Jan
11%
9%-Mar.
15
20%
18%.
Pacific
Central
Jan
6
.
38c
Mines
23%
18%
Canadian
Central
Jan
28
20 %c
Mines
18
i
Castle-Trethewey
Jan
51%
Feb
Mar
22'A
30
23%
•
Canadian Malartic
Cariboo
6
5% Mar
50
340
Ltd
Feb
355
36 >.
_■
common
Wallpaper
Mar
4,930
6%c
Malartic
Elder
:
i
11%
35%
: 22
19%> A
20
B
18
20%
10c
God's
Class
Feb
Feb
16%
Eastern Steel
Jan
Jan
230
16 7'
v
V
4%
28%
"17<M*Mr-45r ,:'.Mar,
33%
Ay^-A"
—
Canadian
27
23'A
Oil.
Ford
*
yr
3% Mar
14% Mar
25
10'A
16
3.00 Mar
50
880
15-%,-,
9%
Feb
2.48
6,300
3%
33
——
Jan
20
Oil
Eddy
.
Feb
6,900
-.47%.-:v:- -.47.- 47%-
—
Corp
Jan
23% Mar
16%
485
Jan
118,050
3.00
-
27%
—I50..t
Oil
Jan
65c
20
Mines
Amphl
Crest
Leduc
41%
Giant Yellowknife Gold Mines.
Canadian
: 20 V*
Jan
14
70c
Economic Invest
.
Jan
46c
3%
Alcohol
Feb
Mar
22
j 7c
East
Feb
13c
•.
2.70
.
15
—^
Locomotive
Jan
23
Mines
East
Jan
13 %
II,500
29
3.90
11%C
Canadian
64c
16'A
9
Jan
.4,
*
,v—9
—
Jan
Feb
•
•
East
Jan
12
9
Industrial
Jan
25
Woollens
East
1
29%
-11%
...
41%
50
Duvay Gold
Jan
L—-—*
,,,y.
Inv
Feb
13c
9
.
common—
.
Duquesne Mining Co
Jan
1
prcferred-
___\
25 %c Mar
*
:
Mines
A
Jan
25
785
Preferred
Class
1.60
19%
25
23%.
.
Donalda Mines
Jan
2%
1.85
Canadian
49c
'
82C
16%
100
50
_1
Stores
Dominion
Jan
Products
Jan
5%c Mar
Dominion'
Jan
25%
1
Food
Jan
11
500
5%
Canadian
Jan
26%
"»
1,000
Jan
*
1st preferred
Canadian
18c
Feb
44,800
Dominion
Jan
Celanese
10%c
Jan
31c
Jan
92
75
37c
A
Jan
21c
1.35
4
92%
12%
Canadian Bank of Commerce..!— &£XOfo-i'.
Class
*
5%c
Jan
92
0
Canadian
Jan
1.00
25c
99
92
99c
u
Mar
14c
1.30
Dominion Tar & Chemical pfd__«__23.50
Dominion Textile new
100
Mar
common
Jan
50
Jan
5%c
Feb
——__—___.
Canadian Car
42
25c
Jan
Mar
preferred
Jan
1.30
25
.—
Convertible
90c
1,500
J-; 23%
29c
Canadian Canners common
Mar
70c
4,500
12c
Jan
55c
.....
70c
9%
Feb
1,200
Wirc.& Cable class
70c
23%
23%
Preferred
Canada
Jan
11c
20
33,150
Canadian Breweries
30c
9%
800
74c
S S Lines
Jan
23%
I,409
31c
class
26c
97/a
24%
common
Class B
2,250
23%
21%
55c
—
27c
11'Ac
24%
—9
Packers
Jan
26c
Feb
23
Mar
20%
•
Malting.
Canada
27%
,9c
24%
29c
Canada Northern Power
Jan
35,000
20%
—•
Preferred
25
14c
Jan
A
common
Mar
100
9c
7%c
Lake.
Bread
20
26
Jan
1.09
5%c
Famous
Cemen:
15
>
10c
5'Ac Mar
—1
Canada
21'%
26
154
Feb
80c
Jan
4,000
Oils
Canada
Feb
20
Feb
148
65c
6c
Flon
Campbell Red
10%
18,900
200
1
& Edmonton
Flin
9% Mar
202
89c
65 c
5%e
Calder-Bousquet
Callinan
40
150
80c
*
r
Dominion
29c
1st
9%
150
65°
5%C>
——
Linen
Jan
.Feb
1
Eldona
Caldwell
21c
Jan
class A
Co
B
1
Mar
Jan
•
*
;
101
1,122
10c
Mines
Dominion Foundry & Steel
Dominion
Magnesium j
55c
Steel
Feb
96
60
Lake
Jan
;——1
Products
Burlington
91%
94%
3,500
;
Dlstillere Seagrams common
Jan 11
22%c
Lake
21%c
___♦
class
Diversified Mining
Dome Mines Ltd
-
ll;Jan
Mar
A——9
Canadian
Feb
50
16'A
Ankerlte
Red
Mar
13c
Mar
6c
Feb
9.50
65c
17
55c
Jan
1
Buffalo
Feb
15c
11c
19%
Gold
Buffalo
61c
1,000
31,500
1
East
Rnffalo
Jan
Jan
37,500
15c
15c 17 %c
11c
Feb
100
—
85c
67c
15c
Discovery
Feb
29c
Oil——————I—I9
Porcupine
Buffadison
Jan
Jan
49%
15% Mar
-
Dominion
1.00
16%
50
150
B_,„;
British
Feb
Feb
14% Mar
Dickenson Red Lake
Jan
■
'9
Power
83c
65c
70c
2,087
;
Columbia
Class
10
»
Red
Dulama
British
600
15
11c
-—♦
class
"85c
15
1
17%
Forest—.
Columbia
85c
.100
15%
pfd
British
1.50
26c
—1
——25
British
6%
Jan
20
:\
________
17%
15%
common.
Electric
Columbia
Jan
1.40
65c
Leather
Dexter Red
v17c•-Jan
,,
Feb
50'Ac Mar
569
65c
.
6'A
100
26
common-
Mills
15%
———1
preferred
conv
9 90
65c
..17%
5
——.
—
American
3%%
_—
Lake
9.55
9.55
7^
class
200
,
96
Aircraft
Detta
Jan
.13 %c Mar
5.?00
9
Mine*. Ltd
Braiorne
Brand
Feb
Jan
6%
9%
Coal
Denison Nickel
4
Feb
20c
5 Op
1
1—
;
—
Pershing
7%c
Feb
1.42
—
Patricia
Dominion
Bordulac
5%c
85c
Class B
Jan
37c
.
4,600
24c
•
9,000
Jan
160'A
15,650
^
;
Jan
7c
A
Pershing
Nest
Davis
Jan
10c
500
5
D'Aragon Mines
12'Ac Jan
38.%-Feb
709
37c
27c
Mar
Jan
34c
84,000
55c
r.
18c
16c
*
Oil
Mines
Crowshore
Feb
28
17% Mar
a'"'"/'5 50
•
v
161
38C
•
•isjitte
-
i
Gold
I0%c
.;.
-«_1
____
Klrkintut.GHrtA
Mines
Bobjo
u—--t:
-
——100
—i.—;T——■-1
Telephone—
Berens
40%. 40%
10%Cv~! 13c
40%-
Yellowknife
Beaulieu
2,600
Jan
15c
—1
__
Imperial
Crestaurum
Jan
8c
.
Press
Gas
Exploration
Corrugated Paper Box
Delnite Mines
Brothers
Beatty
Jan
19c
__
Cadillac
Homestead
Consolidated
20%c Jan
Feb
O'Z-c
24,600
,
11%
6'A
85c
Consolidated Mining & Smelting.
Jan
25
515
'
9%c 10%c
17% 18
?■
—
Feb
1.42
Davies Petroleum.—,
Base
10
Jan
4.00
6%c Mar
440
37
•
660
6%
Oouwesr
Feb
9c
8 600
14c
.
Jan
11%
High
8
Jan
10'A Mar
506,..
3.96
Consolidated
8c
3,088
•
1'
Central
7c
6,500.
6%c
t
14%
Low
6% Mar
Jan
38c
Mar
10'A^ 10%
.
1
—
Mar
—
15c
Mar
Crow's
Mines
Ragamac
13
5%c
j.
Beattie Mines
Mar-
11
27,200
10c
25
Bakeries
10c
21c 7
d6c
;
.
13
10%
■
6c
Mines
17c
50
10%cIO%c,.
3.70
Gold
Fabric
Auto
_,
10%. vs
10%c.:
Oolc Mines
Mines.
Aumaque
Aunor
_s_-;
- - >
—-:—1
—
13
Yellowknife
1,000
7'Ac
,,
8c
8%c 9%c
7%c? 7%c.
10%." .10.%..
8%c
1
.
Yellowknife
Atlas
,7%Cv
——I
—y—.-1
-
85
Lake
31,600
11
I
Astoria
6%
■
__
Conduits
•
Jan
83
Feb
Range Since January 1
High
6%
Jan.-,
9%c
Mar «•;
1,(80
lOcf .; 10c
17c r 24c
--
19fl%
ll
—>—*-
>•
—
Hardware class A—10
Shares
Low
common
Consolidated
Ashdown
for Week
18c
Dunlop
Jan
65c
.u:,,
Par
Cochrane
Jan
9-00
Mar
5c
14,000
laic Price
High
Feb
8.50
1,200
3£>c>
Sales
Range
Last
High
5c 8V5«c
12c I3%c
6
6%
70
70
5c
12%c
6%
Aquarius
Week's
of Prices
Friday
Range Since January 1
V;
Coin
Apex
12
Sales
-Shares
43
MARKETS
MARCH
for Week
1.65 ; 1.73
8.50
8.60
45c
48c
45cv.
Anglo Rouyn Mines,.—-•
FOR
(1183)
1.99 Mar
2.45
Jan
Halcrow
Swayze
Halliwell Gold
4c
1
COMMERCIAL
THE
(1184)
44
Hamilton
Harding
""V 7"
*
1
7p
Mascot
Hedley
Heva
Home
Oil
v,;*
——1
Hugh Malartic
Imperial
Imperial
Smelting
Oil
J
•
Lake Gold
Mines
Jellicoe Mines < 19391
Joburkfe Mines Ltd ...
Joliet Quebec Mines
i
:
Golden
')
26.
25
:
8
'.
9
;;,/.
v
Lake
.
jf
Empire
Inca
"U**
Larder
O'Brien
Gold
Okalta
Mines.,
Oils
!
v
O'Leary
Leduc-West
Lexindin
Gold
5'Ac
Gold
1.75
7,400
1
70c
Louvicourt
_—
Gold
Lunward
—
Jan
59C
Feb
Osisko
Red
5%c
50
•I-
Mar
Pacific
Jan
Pacific
58c
Feb
Page Hershey
>.;■■ 52c
Jan
Pamour
Jan
'
U
-
118
118
18,500
v
V
■
Madsen
Red
Magnet
Lake
•;
15c
69,900
500
1.71
"15,110 "
«
Paramaque
2c
525
2c
Malartic Gold Fields
&
Manitoba
Eastern
'"•• 24
15c
14,650
11c
•':;/
80c
38,700 "•
57c
Mar
56c
17,100
48c
Mar
70c
Feb
5%c
5c
6C
60,706
5c
Mar
10c
'Jan
7c
9%c
11c
Feb
90c
Feb.
Piccadilly
Jan
Pickle Crow Gold
Jan
Pioneer Gold
25
9,650
Jan
90c
Feb
32
415
28
Feb
1.32
1.30
1.42
6.800
6c
6c
2,500
6c
5.75
4/3
4c
4
42c
5%c
5 %c
3'/2C
31/2C
3%c
39c
42c
12%c
12c
'
15c/,
70c
75c
n',.
3%C
3%c
Jan
Porcupine
Reef
Mar
6%C
Jan
Powell
Jan
58c
Jan
Powell
Rouyn Gold
2c
Feb
4'%c
Jan
.
/
2,500
*
'
lie.
///'.
28.
20
Mar.
1:
3,825
6.50
300
13% •14%
Power
Jan
15c
Jan'
27..
599
•
26
6.25
:5c
►
14%
70c
6.25 jan
2.06
—1
15c
:6%c Mar
•
ti
2,000
1,200.
ioc
10c
10c
4,900
.tfs-.ilc
East
1.24
4 %c
Feb
10c
36c
r,„
-■
Jan
.-
1.25 Jan
14c
Mar
v
,
Mar
Jan
59e
Feb
,1.50 Jan;
y
1.05 Mar
.
.
2G
355
26
-24%'
25%
475
12%
12%
10
12% Mar
70c
169,400
*
70c
Mar
100
1.33
15c
9%c 10'/2c
7%c
7,000
.
—1
/
11,245
/
Jan
2.60
//
Flour
preferred
Labrador
5%.
9c
8,300
9%
10
5%
6
2.90
3.05
—
——
Jan
3.50
Jan'
15c
25c:„AJaif; *■
Mar
42c
Mar
Renabie
T:'
Silk
Riverside
class
56c-4 Jan
2c
2%c
11%
*
B
Class
-
—
4%c- '4%c
8%c
52
■'/ 38c
44c
4,166
11%
12%
'
25%
;* 26
.
Feb
Royalite
11 %c
/
Feb
Roybar
3.00
Jan
1.95
'45c
Feb
Feb
1
Oil
:
—_—,—
Chibougamau
Mines
1.51
40c
2c
1.95
Feb
Jan
12c
Class
A
13%
13%
;
12c
9
,V!-14.3>
12c 12 %c
Jan
27c
3c
Jan
Jan
.
30c
7,300
24%
800
16%
17
16%
•
-
34,800
5c
9c
14
13%
14%
Preferred
/
4.25
Wpg
Sheep
Creek
6c
Jan
Sherritt-Gordon Gold Mines—--
18%
28%
Brewery
—i__50C
Gold.—
Breweries
Jan
16%
Jin
40
Jan
10%
-
Feb
.
36% Mar
25
Feb
114
10"
3.80
1.700
6c
11c
Jan
25%
25
25%
Jan
2,550
1
47c
37,000
21%
140
20%
Porcupine
Mclntyre
McKenzie
Lake
Red
Red
McWatters
Gold
Mid-Continent
63'%'
52c-
52c
15c
15c-
_^1
.__
—'l^l
v:
s
136
»
^
Mills
Mercury
63%'/
Mines.—'—__-j45
Lake Gold..
;
r
Jan
R———1
Silknit Ltd common
-—*—5
Silver Miller Mines.1
917
57c
-
1
>1
14c
13c
56%
«
29,700
2,000
13%
98
Jan
66
Mar
Jan
52c
10,400.
4
18c1
90
Feb
Feb
9%
25
./
1
Mar
75c
45%
1,450
45
Mar
29c
Jan
common
50
10
Feb
1.00
1
ns
1 nno
1.82
2.05
64,796
13
345
12% Mar
13
16
"Oil
•
•
8c*
7c
'7c
125
16%- J"
'
18c
Jan
17"%
12%c Mar
•
•
Vi
K
;'
'4,000
16
Mar
Jan
13,300
11c
Jan
3
6%c Mar
Oils
Model
Modern
Tools
Monarch
2%
class
6.75
6.75
7.00
950
27c
27c
27c
1.0U0
18
6
Works.'——————— *
preferred
100
Knitting
18
6%
95
*
"
A_—
95
v
5
1.85
Feb
6.75 Mar
18
,
300
6
-Feb
95
2,800
33c
35c
35c
35c
14%
141/4
14%
250
67
360
65,
preferred
Long Lac__
Mylamaque
Mines
For footnotes see page
46.
—;
1
66
25
25c
25%
11%C
1
:
—
11%
25^
10%
97
24%
24'A
24%
500
24
Mar
19
19
150
19
Mar
.100
98
97%
98%
120
97'A Mar
1
37c
37c
4lc
5.300
•
nnia
Bladen
Malartic Mines
Co
12c
25c
•
565
1,000
25
10c
167,100
18c
Jan
common./
30c
30c
34c
Standard
Stanley
37c
Jan
xvii4iex>
Feb
Steel
Paving
Brock
Starratt
Mar
..
,
J
>^6
./12%*:Jan';0;^
.
-
•
1-1%
26
26
26
Feb
28c
Feb
-.
■
J ft*n
-
,
101%
Jan
47c
Jan
Jan
28
Jan
17'A
2K5
39c
25% Mar
50
1.32
1.32
—%
Co
Olsen
of
Preferred
preferred
19
19%
—
9
.
.TOc
:
*
19
Jan
Feb
70e.
35
10,000
.25
68
68'/a
225
73
72
73%
187
1.50
Jan
68c
Jan
18
30
9
_75c
Feb
Feb
Feb
21s
Feb
5oc
68%
common-
1.32
6,100
UUC
...
Gold
Canada
1.40
5'iC
a <c
(1944 >—
class A
r
27
Jahf
22% Jan
m
Jan
-
Feb
37c
6,400
..20
Jan
15c
,
—1
Springer Sturgeon*
(in)
'
37c "
J
pouthn
Jan
26 Va
Feb
10
'
18
71
Jan
;
Siacer
39c
Feb
10% Mar
•
Feb"
fete
.
19
Q'srop
161/2
14% Mar
•
—25
Mar
11
:
Isl5 'Janrif
70c
Mar
10%
—-
—
Jan
95
Feb
1
Moshex
B
Mar
6%
:
9
•
Mar
26c
19,100
Class B
Sxaaaoona
*
4%
90
30c
class A
Jan
19%
Mar
Moore Corp common
Porcupine
Jan
32c
Mar
25
t
.-7.85 Jan
-4
Feb
28c
Montreal Locomotive
Moneta
9
26c
Simpson's Ltd class A
Preferred
2,800
1
z—...
Containers
Modern
2
2%
*
Mining Corp
9
28c
40c
Jan
',4 '
.
"
—*
Brick
Milton
40c
'
Class
Jkri
lO3/^ Jari*/*'1
15%;T
147tf/Jan^oi
12% Mar.'
165
50c
40'Ac
-•
.
^
.
.
47
..
—•
Dairies
-
1.82 Mar
12%
1.82
22
r
•"
-
Jan
l.on
12%
&
Silverwood
.
*vs-'
66c f - Jans' Vi-
Feb
10%
'
;
Jan
15c
Jan
25% Mar
Feb
45
•
Sicks'
M
Jan
17c
Mar
10%
45'%
;-l
Jan
Silanco
~
Feb
12c
x
(
Jan
4.35
Feb
6,000
12.7%
-
Feb
7c
Jan
,
14'%
Feb
53c
"A"—
Shea's
Jan
,
Jan
20%
w__
Jan
Feb
23c
■
"IIIlOO
—
5c
25
Mar
47c
47%
1
31c
.
Jan
Mar
...
Mar
Feb
Jan
16c
13c
25%
25%
-X.—25
Jan
25%
19
lie
.*
11c
49c
Feb
13
60
'
Feb'
C
1
Mar
16%
j*.
15c
...
Jan
C'Ac
4.05
6%c
•
41/2C Mar
r
Jan'//
■
5c
■
1,975
;
8c
-
5c
-16
86,700
5»Ac
Feb ;•■
23'A Mar
370
-
9c 14 %c
9c i
;—1
1
1
—
Ltd
Rouyn
Senator
Jan,
"9:'J Feb
Jan
27c
23%
1
Ltd
%.
Mines
•'
13%
.
Jan
"24%
10
*
4.05
preferred—
'
Jan
Mar
10c
114
•
Jan
8
5,200
,.
10%
Mines
Feb ^
33
Jan
"'/.',6c
36%
Paper
Jan
28c
Mar
10
5
135-
114
Gold
River
12c
30
1,000
10%
Gold
Antonio
13c
Feb'
'
9
36%
4c
66
.
,
2.75 Mar
Feb
,10c
9,000
140
50
100
10c
93
I.
Jafr-^'
Mar
2.30
'
•/
6c
•
preferred
Lawrence
6c
.
1,500
20c
30%
common...A—I--'
St Lawrence Corp
Feb
14%
Jan
11% Mar
2.75
2i75
10 % c
12c
1
—
—
Industries common
Russell
Scythes & Co preferred—
3,183
"
92%.
100
:—
McMarmac
10%%-.
10%
10 %
common
Preferred
Feb""
86c
'
McColl-Frontenac
^eb,y 5,-;;
Peb-^
89d'
.
11 % Mar
_
- '
Mar
80c
Mar.
70c
100
Jan
12c
Mar
1.67
,
Jan
65c
.
14,800
29c
Feb
455
»
Jan
-8%c Mar
•
-
52
60c
/
,
6,135
'
12c
Oils Co
Royal Bank
18c
•
Feb
21c
1,365'
4
*
8c
6c
12'/2 c
Sannorm
c*; 12 c 4.-' -24,900.
4%c' 4%e •/
"8,500
Jan
2.10
•
Jan
38c
■;
5,700
77c
■
——
Jan
17%
:
1
Jan
*
12%
Feb
5'Ac Jan
60,700
69c
72c
Jan
Lac
3.15
11c
17%
76c
65c
6c
Gold
Long
Feb
17%*
15
-
-
''
2.75
4%c
Feb
'51
1,500:'
72c
6c
2,000
t
•
72c
common
Sand
10
-Feb
1
Mar
,
1.75 Mar
4,500
•175
6c
2.——v—
(Little)
8an
150
Jan
•
Jan
88c.
72c
Mar
10%
2,700
»
Robinson
Jan
13,000
11%
41%
Feb
11
V1'470
1.83
30%
Jan
8,800
*„
1.75
A
7%
13,200
65c
100
1
10%
28c
1,500
_73c
fl936)—_—
Gold
Feb
1.90
66c
11'A
—1
Mines
Gold
Reno
Rlchmac
Feb
21c
65c
11%
5%
1.71
37
1.800
'
Rochette
1.16 Mar
V
1.060
65c
9
800
1.72
20
Preferred
2.30
2.00
'
"
1
.
4,350
,
2.90
4V2C
Feb
Feb
3.20 Mar
:
900
73c
1
-v—
937
.-"'A..
'
-:21c
2c
16 %c
-
65c
38c-
1
Roche
Mar
9c
500
1.35
:
Jan
16,500
52
(
Gold
Regcourt
Jan
"
9c
>1.16
-9%
11c
40
*..40
tl
Gold _■»/_c^.'.
Jan
,1.45 Mar
■
Jan
77c
34,150
94c
77c
77c
Feb
49,100
67c
8%c
—
Quebec
Rupununi
3.00
2.70
1.20
82c
3,392
11% "12%
Mines
Mica
13%
;
Jan
17c
17c
17c
Mar
65c
1.80
31
24% Mar
75c
Feb
70c
17,800
11 1/2
1
29
Mar
r 26%"
25%
20c
>
65c
Quemont Mining
.
Jan
78c
Jan
Jan
1.15
5,930
*
-
28
Mar
Jan
.^.1,7%. Jan
"
"15,100
-42c
36c
1.05
•
12c
46c
65c
Dome
Quebec jManitou.
Jan'
Jan
3c
67C
1.25
-
Jan
2,050
18c
.
43c
(
11%
Quebec
.
Jan
20
Mar
5c
61c
4,000
66c
1.15
Jan
46c
38%
I
Metals
Purity
Jan,
6.95 Feb
,
Mar
V v13
840
1.21
.360
5c
Feb
3.30
*
15c
43c
■_
—
Queenston. G«Id Mineg
5
1.21
66c
Feb
39c
2.20
2.05
V:3.20
L__i
Preston
ii3-00 Jan;;,
%
Feb
3%c
-Z
11%
Corp
Pressed
14% Mar
Feb
17
3i,ooa
■,
3V2C.
3V4C
3 %'Cf
8c
Mar
28
Jan
2,70 Mar
T
14,000
7 %C
6%'C,
13
-
'
35
17 %:
17
6%c
?
Jan
5%c Feb
•
46,000'
12%cl5%cl-
3.20
River-■____
41c
12c
12c
13
Jan
Jan
1,000
•'
1
Gold
V ; 4c
39,618
5c
5c
6.410
.
5
7.75
'
•
\
,
—I
—___!____
15,000
I
49c
'
Jari
1.55
7'Ac
1.30 Mar
5,000
5V2C
12 %c
Mines
/12,300
c
"
r
1.21: Jari
32%
Jan
1.78
.
4%c
4,000
30%
Porcuf^ne
*
19c
J',
Jan
2,000
93c
31
1
v
t
Feb
Mar
7C
90c
-IIIl
Pen-Rey Gold Mines——__
Jan
15
5.00 Mar
—1
i—
Massey-Harris common
Jan
57c
48c
39c
Malartic
Jan
23% Mar
1
—*
Gold
Marcus
Feb
1.15
64c
50c
Paymaster Cons Mines—„
Shawinigan Water & Power
Martin-McNeely
Jan
Mar
18 %c
'
5.00
/
.-,6 % C
♦
1
10%
..4c
Jan
1
Parbec
Jans
55c
105
'«•
2.90
*
x..
Maple Leaf Milling
Maralgo Mines
Feb
3% Mar
Mar
14c
1
Mines
Jari
22c
1.43
14c
," 1,500
15c
1
•__
121 %
7% Mar
715
2c
14 C
•
1
Feb
Feb
.
v,' 50c
.
—1
Mines*
_
Jan
v
3% Man.
•
Cadillac
Perron Gold
1
Gold
Consol
Jan
2.00
Mar
•
Tubes
Porcupine Mines Ltd
33c
,
Feb
13%
3,431
2.70
•
i._
118
5
1
j
Jj
50c
Mar
48 %c
•
class A__—
B
Class
Jan
16c
Jan-
St
MacMillan, Export
,7%
7%c
Feb
1.00
22
3%
7%
;'///:
Jan "
Jan*
91/2C Mar
'
1
(Eastern),
Petroleum
26 Va
Jan
241/2
1,002
1
Mines
Feb
>
Feb
15c
,
1
Pacalta Oils
Pandora
8c
Mar
5c
"
14c
2.70
Gold
5c
150
.
1
Mines
7c
Feb
5c
65c
1
MacLeod-Cocksnutt
Mar
2,000
7%
1
Mines
18c
13c
53c
—1
1
10c
57,600
Jan
,1.35
"
•
—
4,000
2.00
3%
2.20
74 %c
Jan
Jan h1
5%c
3%
:
;
1.75 Mar
t
Mar
6
59c
1.65
Jan
4% Jan
.•
92c
9%c ll%c
118
,
Feb
5% Mar
A
—
-r
Jan
1.75 Mar
32c
17,200-
1.27
9%c
10c
:
Mar
3%
•'*•
Jan
•
Lake
2%c Jan
»:
Mar
18c
>
Red Lake
Macfie
Feb
10c
Feb
5c
22c
10r735
\l4c
•1.65
'
1.75 Mar
'.I
y.. 2c
Feb
4,700
50c
1.56
e .1:
''
91/2C
Mines
Macassa
*-.*
Jan
Jan
18c
15
•
MacDonald Mines
! *
Jan*.
1.96
1.64 Mar
17,500
-
73c
-
10c
1
Lake
6c
12%
—————„*
Yellowknife_
Lynx
Jan
-
3%c
6%c Mar
50
1.15
!__«
u
Warrants
7c
19c
15c
13%
0
1
1
Jan
i/20c
Feb
800
1.75 -1.90
1.80
71c
'
Roxana
Mills class A__1
Goldfields
.
6
-
London Hosiery
4
6
3%
__II_:^
Jan
4'Ac
58c
Llngman Lake Gold Mines
—1
Little Long Lac Gold Mines Ltd_——1•
Loblaw Groceterias class 'A
:
•
Class B
——p.
;
•
Feb
2c
200
22c 26%c
—______1
Loan
Osulake
3,500
./
'
__
a24c
2,500
1.75
_
14c
Orange Crush
Orlac
Feb
44c
20
"
1
;
; 51'.2 Jan " L
•
Feb/"
15c
500 41
5,100
'
15'/a
12 % Mar
4.
36,900
'V 14
■'V^
z;::::ii
-
Jan '
6c
1.-40
/ Mar*
44
•••
•
-
1.15
Ontario
Jan
25
22c
4%c
*
OH
Leitch Gold Mines, Ltd.;^
.
1.10 Mar
-i'
397.
-11,300--- •lie-
1.71
Malartic
Omega
Jan
%c
18c
,42c
1
Lebol Oro Mines
Feb
/ 7c
*
;——_i
Jan
34%
304,960
"
5 'Ac
50c
-
4c
1.64
1.
55c
102%
5,382
3e
19c 25
•
3
Jan
15c
1.75
;
Omnitrans Exploration
Mar
1,500
18c
-
5c
V: 5.00
__1
__,
,7%c
6 %c
Voting trust certificates
Candy
Jan
1,820
lac
2%c
_0
Porcupine Peninsular
_1
Mines
Jan
Jan
5c
• -
5,000
14,010
ZI —-5
Ontario Beauty Supply
30'A Mar
2.70
Secord
common.—
Feb
'
Lapaska Mtaes
Jan
28c
45%
22c
Feb
99
4,215
5%c
15c
23%
/
'31c
-
-
46c
5c
Z:ZZ\
_/—•(
Rights
4%c
6.25
Laura
1.20
44
14c
Gold-
Jan
80
•,..
1.10
2%C
Feb
4,490
.
28
Lang & Sons
24c '• Feb-
Feb
7c
7c;
30 Va
33,600
2%C I
'
Mines
♦'
Feb
15c" Feb
1.65
9
Mar
50c
J
X." 1.56
./
'•/
Feb
1:15
•
-•
1.000
5%c-
44
.
Mining
8%
•'
;
27
.13%
17c
1
Feb
6c
3,000
7c
15c
-■>'
1
2.99
-
»
V'k
Mines
;
Mar-*-
•
Jan "
28%
V'
31c
1,000 "
.15c
/
1
Ogama-Rockland-.
/Jail.".
17
Mar
40c
20c
/-.U...1
6,250
5c'
—
.Preferred
■.
Jan
25'A
;;
335
28%
5c
common--.
■
23,700
32c
'6c
1.10
*
Gold Mines.
Northern
North
Feb
Feb /
8'A
5c
Mining
Wasa
Luz
6c
—__1
-
_______~C—
Mines
Purdy
La
1
' 28c
'
31c
-
Norseman Mines
Jan
Jan.
„1
86c*
4,000:
'•
,
-Jan1"v
5c
Jan
14%
7%
Jan
Gold
Woods
Shore
261
12%
;,V" J/'
(1945) '/
1&%
•••
.
Mar
8
.
4,200
47c
Jan
..
Jan
5c
.
75
41c
'/
32c
_•
!_
North Star Oil
Feb
35c
__1
T*.
Lake
the
6,oco
—
Jan
-.27
/ Mar
14
8,500
I **"
y
Jan
•
Corp
Norpick
Feb
Jari
24%
10
6%c
Jan
10%
6% Mar
\ 135
,
14
5c
••
1.000 :•>
15c 19 % c
;25e
15 c
5%c
Mines
Normetal
Feb
115
Jan
3c
I1
22% 'Jan />•
Feb
-
*
Jan
Jan
■;
3%c
; ;
25V4 Mar,
no
12,200
Mining & Exploration—*. —1
Fortune
'ill,.,
.10
—,
48c
A-V—I
I———1-1
_.
Lake Rowan
Lake
Jan
8% Mar
35c 36 'Ac
1
.___——
Lake, Dufault Mines
of
2%c
3c
'. 8%
,
46c
1
] Kr Laguerre Gold Mines
Lake
2,500
V
25
V
Feb
(John);Ltd—ni--I-—A——
Labrador
48
35c
:•
Gate
Lake
Townsite,
Kirkland
32c
Jan..
41c
1
»'!'
Kirkland-Hudson
Labatt
Jan
43%
45 %c
■Vi 16g
-A——.1
•
Kirkland
Jan
25c
478
-1
.
Gold
Kerr-Addison
f
30c
4,450
25
—
Nordon
••
Jan
40c
15,400
27c
*;/ 27'
,
1
'
J
Feb
*141/2
-
Klrklar.d
9c
1
Gold
Kenville
Jan
36c
100
.
1
Mines
NMbenite: Malartic Mines
Jan
.12%
Kclvinator
:;
6.60
1
1
.
Mining
Kelwren
Feb
45%
30%
,
*
•
2.15
Jun
t" 33c
"
4%C
A-—1
;
f-
590
.
—
Noranda Mines
45c
46c
1
_
'f
Nipissing
Jar}
10
8'A
12 Va
__:—1
x.
r;
Jan
12
18
8,254
'—*
„___
Mines
19%
Feb
99
.
—I
•
Nicholson
Jan
85
2,250
10%
.30%
;
25c
—_
Yellowknife
Jan
99
•
1
Petroleum.;———_
i
24
21,050
86c91c
.■
.
.19% Mar
230
-26 \
2.45
•
Feb
Jan
28%
Jan
27% Mar
"19c
Jan
24%
27V2
,
U.
26
1
—
8c
20'A
100
—1
Merger
l5c
,.,145
iiin*",
/-
Gold
Rouyn
Jan
8
common.,—1
Co
Nickel
Jacknife Gold
Keyrand
Marlon
Mar
6'Ac
v
2.25
lO'A
180
1,000
625
5'/2C-5'/2C
New,* Nor zone
New
9c
.7 '/4
81/3
2.25
'
-k.l
Mines
6c
14
V-
19%
Bidlamaque
Calumet
Nih
.13
24%
i—/.l.*
_
International
\t
,/
15%
—1
__
International Uranium
Jason
New
-10
3,000
6%*
25
___C-—"
International Metals class A
Jacola
v
Feb
14%
;
Preferred
International
j
Feb
56c
25%
:
12%
-i.——"
Inglis (John) & Co^r^^--^-6
Inspiration Mining
*.____■—1
i;
Jan
24 %c
Jan
6c
Ingersoll Machine class A—
,<
95c
Mar
(12%
,14%
20c
v
20%
19%
___v-
New
Mar
12c
113% II31/2
)
20c
255
'■'•■V
27%
■
20c
11%
Jan
50c
25c
113%.
—ii
___
preferred I——A—
Imperial Varnish common
i,
16c
.
67c
30c
Bank^x———
4%
;•
Jan-;;:
600
12,000
3c
common^iL..ir-;-* 100
Car—___•
9%c
8%
>
-25c
.
3,01)0
18%;
451/4
High
Low
11
10%
27%
-20
Trust
Negus Mines
>i
14,350
12,271
i*—_
Preferred
-Indian
Feb
..7c
\
Jan
10c
11,000
7c
26c
V. 45%
Imperial Tobaccoof Cana.da ordinary.5
t
Jan
New
6.20
—1
——
A
Erie
&
Feb
7c
30c
1
•
.
Hudson Bay Mining St
Huron
5c
N
1.,
"
1,500.
5.85
:
,
Range Since January 1
High
Jan
8c
Jan
Steel
Norgold
1
Hosco Gold Mines
Howey Gold
class
Feb
12c
95c
Feb
79c
5.35
7c
,
Shares
Low
5
preferred
,
•3,200
10%"
•
5.95
—
Yellowknife__
Hunts
7c
5%c
*
7c
,1814
10%
preferred
Petroleum
National
,11'/a Jan
14c
9C
*
Drug
National, Grocers
National
55c
-
6c
,
9C
"—
Mines—5
—"
Hbllinger Consolidated Gold
Homer
f.
67c
53c
6c
L-—*
._•
Dauch
&
■-
Jan
_ —
Highridge Mining
High Wood Sarcee —.___
Hinde
National
Natiqnal
4,712
' 14c
12c
.
53c
for Week
Jan
32c
Feb
10%
8,500
,
6c:/
67c ;
67C
Par
v.Jan
15,
,
10V4C Fela
285
85c-• J
i..
'14c
121/2 c
_1_ 1
Highland-Bell
82<?,
5C
r
__
1
—
*
,
5c,
1
—_—u—
Gold Mines
'•
714
Mar.
14
.
'4,000
,6'/8Ck.7.14c
82c
1
Heath Gold
20
9c
9C
9c
Harricana. Gold Mines—*.*.—„—,—1
Ha saga Gold
i*:
;—1
Headway Red Lake.————
1
High
..
6% Mar
23,090,*;
,
Carpets
I
305
1314C 15 y2Cvr
..101/4
10'A ,v
13'Ac
.
Harker Gold
i*-"
'.
—_—
Gold Mines
Sale Price
1
14
Cotton.
Kock
Hard
Low
7
14
Bridge
I
Range Since January
High
6%
\
Hamilton
11
Low
Par
Range
of Prices
Last
<
STOCKS-
Sales
Week's
Friday
.
Shares
of Prices
Sale Price
STOCKS-
12
for Week
Range
Last
I
Sales
Week's
Friday
MARCH
WEEK ENDED
FOR
RANGE
■n
MARKETS
LISTED
CANADIAN
Monday, March 15, 1948
FINANCIAL CHRONICLE.
&
■
•
-**
9%
Jan
9
Mar
68c
Jan
78c
Feb
67
Feb
78
Jan
72
Feb
80
Jan
THE COMMERCIAL
Number 4681
167
Volume
&
CANADIAN
RANGE
FINANCIAL
LISTED
FOR
WEEK
ENDED
CHRONICLE
(1185)
MARKETS
MARCH
12
'
•
t'r,
Week's
of Prices
Sa^lc Price
STOCKS—
Shares
Sale Price
Low
High
Low
«
9c
9c
Steep Rock
1
1.95
1.90
2.10
19,450
1
20c
20c
20c
3,500
4c
4c
4%c
1.42
1.40
1.66
Iron
Mines.:
Sturgeon
River
Sudbury
Contact
Sullivan
Cons
—,
Gold.__
Mines—
—_1
Inlet
Surf
50c
Sylvanite
Taku
Tamblyn
9c
Mar
1.90 Mar
19c
■
Feb
8,000 v
5,800
2.40
Feb
4c
M:
21c
Jan
Jan
__
—
Jan
Ltd
10c
1.60
l.G'O
50c
50c
50c
500
24%
23%
25
45
4%
4%
10
10
3.10
3.20
1.35
1.35
350
39c
41c
24,700
40c
Feb
49c
Feb
8c
10c
35,100
8c
Mai-
21c
Jan
9%
9%
30
10
9c
Mar
1.60 Mar
2,500
50c
1.99
Mar
61c
23% Mai-
Jan
Feb
5%
Jan
Pearson
*
common
Preferred
.
Teck-Hughes
Gold
Canadian
Texas
3.15
Mines...
Oil
'1.35
_
*
Thompson-Lundmark Gold Mines.
TJxurbois
Mines
Tip, Top
Canners
__
i.j.
"II II
_
class
•
•
,
39c
A
«
8c
_
100
4% Mar
25
.
9%
3.05
8,515
Jan
Feb
1.35
12c
8c
10c
3,500
7c
Jan
10c
Jan
8c
9 Vac
48,000
7c
Feb
lie
Jan
4,925
20'/b
Yankee
Knitting
...
23 Va
97
97
2.75
2.70
2.79
1,275
22c-
28c
7,200
7c
7 Vac
4,000
Va
50
22c
Girl
Ymir
York
V
Taylor
*
._
class B—:
Jan
Mar
Yeliowrex Mines
27%
Jan
101%
8c
23%
•
—
28
Jnn
8.300
100
-
Wright-Hargreaves
High
Feb
%
9c
8c
•
common
Preferred
Jan
99
7%C
*
Jan
compjpn
4.068
*
22
255
8c
1
*
355
99%
7%c
1
_
Loxo
22%
99%
1
——
Winnipeg Electric
9c
1.60
-1
—
Gold
Larder
Wingait Gold
Jan
Mines
Range Since January 1
High
22%
100
Winchester
2.05"
,
22%
•
com
Wiltsey-Coghlan
19c-
:
;
(Geo)
Preferred
' Mar
5%c
1.40 Mar
.
Jan
10 %c
*
Mines
9c
5,500
•
Gold
River
Shares
Low
Pa/
High
Weston
Steeloy Mining
for Week
Range Since:January 1
•
Par
Sales
Range
of Prices
Friday
• •
-i
Last
STOCKS—
45
7c
*
25 Va
4'/a
4
:
25%
Feb
95
Feb
Jan
98
Jan
Jan
2.90
Jan
19c
Jan
40c
Feb
7c
15
1 Feb
9c
Jan
4 Va
Jan
Mar
2.60
3%
Jan
10% Mar
3.50
1.35
Feb
9% Mar
Jan
Feb
Toronto Stock
Exchange-Curb Section
Canadian Funds
'.
•
Toburn
Gold
——1
;
Tombill Gold
♦
10%
—
_______
3,409
::
10%
11%
10%
:•
•
Elevators
Toronto
69c
67c
67c
11%
67c
'
500
Mar
10c
»
210
Asbestos
80c
12 %C
A
Jan
11% Mar
Jan
Jan
12%
Jan
;:
Toronto
General
Toronto
Iron
Trusts
Works
__100
173
15
172
10%
25
10
-i—
11c
11c
45c
45c
'
i-r-L
IIIIi
Towagmac Exploration
Transcontinental
173
«,
■
A.——
10%
6
class
Resources
1
'
Febr
174
■
'Jan*
500
9%C
49c
4,800
45c
16
6
Mar
,
Feb -"
Canada
12c
City
—
Union Uas Co
Union
~8
•
l
Mining
United
63c
Jan
class
Corp
Class
A
7%
;;
Canada
•'
*
•'
B
8
8%
1,360
7%
Feb
10
Canadian
10c
6,000
9c
Feb
12c
29
17
"17
17
20
;
29
Mar
30
Class
B
United
class
A
preferred—.
50
preferred
Keno
Unit.ed, Oils
25
14
.
1.20
16
Feb
19
Jan
40
.V
14
*
i.2o
10c
5%
5%
2.00
2.00
.
Ltd
•
5.90
10c
Canadian
47
Jan
48%
Feb
16
Jan
100
;
: *
1.2Cl Mar
ioo
2.03
430
-
6,040
6.25
\
9c
common
Mines
Oils
23c
23c
Amulet
4.95
4.95
5.00
Feb
15c
7%
1
2.00 Mar
'
2.35
5.85 Mar
2,415
24%
24%
25
1,380
Walker
(Hiram)
(G
&
12c
12c
W)
Wckusko Consol
1
*
Malartic
Mines______
•
Western
Dalhousie
.
.
Westeel
Products
Western
Grocers
'
Lumber
For footnotes see page
■■■
Jan
108
Mar
Jan
18%
Jan
12%
Feb
'
11
10% Mar
50
Jan
35
'•
35
150
35
20%
300
19% Mar
24Va
Jan
22%
100
22 Va Mar
28 Va
Jan
2
3%
-*
3%
Jan
3%
'
3%
3 Vb
3,860
39
40
30
16
•
<
16
16%
3,303
15%
38c
•
Dominion
Jan
38c
38c
41c
39
1,100
♦
Glass
28
28
28%
95
32%
-1.
;
37
Mar
Jan
Feb
45
Jan
19%
Mar
Feb
Jan
*.
Jan
Foothills
7.20
'
International
12c
Mar
35c
Feb
Minnesota
4.60
Jan
5.30
Jan
Pend
24%
Feb
,26%
Feb
Price
6,100
10c
Jan
500
9c
Jan
28%
110
26%i
Feb
34
110
33%
Feb
:
vo 95
22
675
3.50
3.55
750
—*
34
21
34
3,805
•
48%
48
49%
—
—;
27
Jan
32
Feb
Jan
3114 Mar
32% Mar
20 V*
23 %
3.00
Feb
Jan
Feb
Jan
4.10
20
34
Jan
Mar
Feb
Feb
Feb
9c
32%
21%
3.50
X, -■x-
•
■'"I
Oil
'•
60c
Mar
.
22
•
common.——i—
Donnacona Paper—_—
Jan
10c
27%
—
15 V2
22%
—
Bridge
22c
33%
„
A
81
85
340
6 Vb
Feb
20%
'
:
__
Paper
Dominion
500
-
9c
_1_
class
82
16% ~
10%
-i.
''
'
__j__
Oil
500
23c
-
16c 18%c
17c
3%
995
;
•
_—
Bros
Mai"
22%
23
1,110
20
Feb
23%
2.50
2.35
2.60
3.280
Feb
2.90
60
60
25
26
37c
40c
_o
_
Jan
Southmount
29%
Jan
Temiskaming
36'
Jan
Yukon
•
_
—y
2.25
60
Jan
Jan
Jan
60
Jan
28
37c
70
Mar
23%
200
;>
59
Jan
40c
Jan
8c
Jan
Mar
Feb
>
Jan
10c
.■
••
*
Grain
19 %c
Va
48
22%
1
Paper
2,330
•
Paper common
Ontario
&
Oreille
Reliance
West
81
16
10%
*
•
Westinghouse
Consolidated
1.25 Mar
Jan
5%
■
;;
2,591
Vicour
Vulcan
Waite
Mar
4
Jan
14
.
785
6
»
5.85
mil
Feb
168
!»
16
\
10c
■'•
niiii
;
88
Mar
3%
0
Hayes Steel
Ventures.
_
lji;
'
+__* V
_i—__
United Steel
—u__
Upper Canada Mines—.
Feb
160
'
47%
14
> 1.20
#
Hill
47%
47%
— _
common
Vickers
Canadian
Feb
60
,
*:
Fuel
26% Jan
Jan
72
55
Jan
"
United
'
.
*
common
Industries
Canadian
Jan
29
"
25
215
168
81
•
Vinegars
Canadian-Bronze
Jan
10c
0
,__100
Sugar
"
84%
3%
——.—.
Dominion
&
220
81
160
1
common
25%
25%
81
100
Jan
/
Twin
.—
Preferred
Jan
<10% Mai?
Mar
6
.
Co
v
& Paper com—*
Preferred
Brown
25%
1——
—
Columbia Pulp
British
iv" V
Corp
■?'
«
Invest
37c
—-
1
Mining
181
6 VaC
6%c
1,000
6 VaC
95c
■
--
95c
1,000
95c
95c
1
Consol
i
Feb
Mar
I.09, Jan
46.
J!
£
•,
A.
....
Foreign Exchange Rates
vh;
give below
>
,'ft
Statement of Condition of the 12 Federal
|
„
i"
Pursuant to the reciuirements of Section 522 of the Tariff Act of 1930,- the Federal Reserve Bank certifies
jto the Secretary
f
j
V
.:t
a
' *
EXCHANGE
RATES
■
CERTIFIED
FEDERAL
'.MARCH 5,
V
,
BY
'
.»
.
FOREIGN
JV;;
+ + '1:
'
RESERVE
-
*
BANK
V "•
'
■■■■:
TO
»
I
•' >*
.."T '
TREASURY
1948 TO MARCH II, 1948, INCLUSIVE
V-
vv*
UNDER
1
1
..V
--
TARIFF
OF
ACT
Increase ( + ) or.
;vyy.v
Noon
and
Assets—
■-. /-/■-''N
/
y'
certificates
Gold
Buying Rate for Cable Transfers in New York
Unit
Value in United States Money
1
;
MarCh 5
Argentina, peso—
March -6
i
>
t
March 8
March 9
'V..
'
11
Bree_
March.11
March 10
Sustw.il a, pound
elgian, franc
;
-
——
Brazil, cruzeiro—
V
•
•.
**.
v:^''
"'/.'YH-'Y';'
1
Canada .dollar—
v
..297733*
) ,297733*
.';.251247*
.251247*
Clcsed
Official
3.212133
4 .054406
•
.054406
'
i
$
637,100
~
L
355,274
—
297,799
2,091
—
Bills -,i_Certificates
;
f,'J
'.022796'
reserves--^.-' a 21,826,270
loans
-
8,914,361
4,231.025
-
Notes ;
%
r
1,772,100
Bonds
:
-'l■
..
+Y
\:x
5,760.136
Total U. S. Govt, securities^
■%.
Total
1.000000
1.000000
1.000000
1.000000
l.COOOOO
.891640
V .892578
.895703
.895937
.896406
.
.'j Colombia, peso— —-H-—.
——-'
Czechoslovakia, koruna—__—_J_—
j Denmark, krone
.570100*
Y
_1_
England, pound sterling.—
.570100*-
.,020060
.570100*
.020060
.570100*
:020060
;
-'Official
1
-
;;
.208604
.208604
4.031250
Closed
.020060
r.A
•
Xndia
4.031250
"•
1
'
(British), rupee—H-—-
%
.004671*1
.004671*
.003276*
•
.003274*
.301678:
i
'V:
4.031250
.
Due
F.
loans
from
R.
.570100*
Bank
and
foreign
notes
Uncollected
.-.020060
of
:
»•
'
.004671*
securities-
.003274*
+
17,-411
2,664,933
+
26j274
,
40,135
+
60,503
2,617
+
1,05(1
—356,550
—6,364,193
73,500
—2,540,093
—
—
+
2,500
+ 1,327,80
38,966
+
5,006,74
—356,066
'—2,508,128.
95
.301678
6 433
2,489,995
—270,778
32,839
154,815
*.
*
'V':'--.*2;":
.205750
-<■; .205743
.205750
.205750
.377447
."377459
1.000000
"1.000000
1.000000
.893125
U.
1.000000
.893125
'
.377397
1.000000
79,459
,
+
105,963
—601,275
+
375
I
45,951,173
'
~~
23,990,738
S,
bank—reserve
acct.
—
43,630
a
312,
,65aj
17,366,248
—185,292
+
750,542
—203,408
—,
476,103
acct. V7.
Treasurer—gen.
v-
607! '
+
2,521
+
Deposits:
.301678.
.377397
+
Tl
:
6,6401
+
;;
" fc'-v
assets
Member
,377459
—
114,373
Federal Reserve notes
.003274*
.205750
—102,169
1,519,388
678,761
.894166
V-
Newfoundland, dollar—
',
Official
!•
I Free
L__—«'
Foreign
—'
.889375
.890000
3.225000
.201595
■
Portugal, escudo
Spain, peseta
.091324
V
^Closed
3.225000
'. j«
+
Total
Other
deposits
availability items—
liab., incl. accrued divs.
3.225000
3.225000
.039565
.201595
*
.201595
i
19,071,807
.278264
—
;
.201595
.039615
.039756
.039900
.091324
.091324
.091324
.091324
1
.278264
n
.233628
Union of South Africa, pound____
4.007500
.233628
,V
Closed
+
30,269
—460,600
47,213
—
169,283
—
+
624,133
—101,276
+
25,894*
194
+
2,663
45,219,635
-605,312
+
340,034
197,673
156
2,142,079
15,011
—
3.225000
'
:
liabilities
478,914
•+
'
.201595 '
.039531
Switzerland, franc
—
Other
Total
Norway, krone
Bweden, krona
>
Deferred
___.
piew Zealand, pound
i
—.
—
+
20,977,512
*
hanks
items
Liabilities—
.004671*
.003274*
.301678
*
-
Total
,004671*
-
Mexico, peso,
.
+ * 46,892
—2,569,743
banks
other
assets
;208604
Netherlands, guilder
1
154,31(1
—'
1,108
.—393,584
premises
Other
'4.031250
(i'
!
-.301678
j
.208604
.208604
4.031171
lYV
■
—
20.677,622
'
•
2.819,243
+
% .054406
I■
•
| J Hree_—
Franco, franc—
48,000
'
'
.
: i if
$
+
U. S. Govt, securities:
.251247?,^_
3.212133
.02i2792
.054406
.297733*
%
3.212133
.022778
3.212133
-.022781
.054406
V
•"
.
.297733*
.022776
_
Y
R.
and.advances
Industrial
.251247*
3.212133
_"
•"
,
F.
\
Other cashi tt—i—
"
:
.2512*7*
H
_
1947
21,189,170
for
—.
gold ctf,
Discounts
i$
.297733*
ija,
—Y
"...
—
fuixd
% notes
"
__
jj
1948
v
Total
Vf
|
•
March 12;
1948
'
Monetary
•,
(—) since
March 3,
1930
Redemption
Country
decrease
:r
March 10,
" V
-r-
^
(In thousands of dollars)
...
.
-•
'< ^
"""
i.
-We
of the Treasury the buying rate for cable transfers in the different countries of the world.
record for the week just passed:
Reserve Banks Combined
v
daily
4.007500
.278271
.278271
-.278264
.233628
.233628
: .233628
4.007500
4 007500
Capital Accounts—
Capital paid in___
Surplus (Section 7)_
Surplus (Section 13b)
Other capital accounts——
4.007500
•'
•
6,811
+
448,189
+
27,543
+
58,133
3,881
45,951,173
-601,275
i
8,368
+ •:(
20,438
88
e
Total liabilities & cap. accts.
,
+
375,733
"
'
-*
'=,;
'
| Uruguay,peso—
"
-"V.
:
11Controlled
J J Noncontrolled_—_
I
i
♦NomlnaVrate.
,i
,;V;",
Ratio
J
;Of
serves,
•
.658300*
.561800*
.658300*
\ .658300*
.658300*
-.658300*
.561800*
.561800*
.561800*
.561800*
note
gold certificate re¬
to deposit and F. R.
liabilities
Contingent
combined.^-
liability
purchased
for
on
cor¬
+
■
Commitments
trial loans
.
v
99
"
.4,375
:
to
make
i
r
4,837
respondents
'I
fd
5.9
0.7%
bills
foreign
t,
50.7%
w
4
I
indus¬
7,916
36
m
mV;u
•
,■
! r: ;
■t
.■1
.'
t;
,
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(1186)
46
'Monday, March 15, 1948
OVER-THE-COUNTER SECURITIES
Quotations
for Friday,
March
12
Obligations Of Government Agencies
Investing Companies
Par
Funds—
Mutual
Aeronautical Securities
1
Affiliated Fund Inc
IV*
Amerex Holding Corp
10
American Business Shares
1
Associated Standard Oilstocks
Inc
B
Fund
Axe-Houghton Fund
Par
Bid
Ask
5.86
3.95
26%
3.91
5.33
3.61
24%
3.57
Loomis Sayles Mutual Fund
*
Loomis Sayles Second Fund
10
Managed FundsAutomobile shares
Business Equipment shares__
Drug shares
/ Electrical Equipment shares—
...
General Industries shares—
Home Furnishings shares
Non-Ferrous Metals
89.77
91.60
42.92
43.80
3.36
3.71
;
S
1
B
Shares series A__
Axe-Houghton
8%
7.46
15.52
8
6.90
14.28
V."'/"'
1
1
Beneficial Corp——,
Blair Holdings Corp
Boston
—5
Fund Inc
lOo
Broad Street Invest Co Inc—8
Bullock Fund Lid
~1
Bowling Green
Century Shares Trust
Chemical Fund
3.60
28.02
——100
Preferred
139
5.39
13.91
1
1
,250
Commonwealth Invest
Fund
Delaware
Shares
5.86
15.04
1.48
1.34
1
•
22.92
14.34
21.98
1-75
23 %
4.94
12.46
5.36
39.98
1
;
Stock Fund
Fund
5
Fundamental Investors Inc„—2
Fundamental. Trust shares A—-2
General
Capital Corp
•
General Investors Trust
1
First Mutual Trust
23.76
1.92
25%
5.50
13.65
6.19
42.99
5.25
4.90
Series
Bank stock
7.60
shares
Industrial Machinery shares—
Institutional bond shares
—
7.43
6.81
9.33
6.45
5.78
6.74
8.06
.
.7.39
9.80
' 7.00
6.28
7.31
-
4.94
5.37
5.72
——
7.20
7.81
2.61
Steel —
Tobacco,
General bond
Investing
—
—
shares,
Price
Low
Merchandise
shares2.
shares
Petroleum shares
Mining
RR
shares
Bond
Railroad
2,39/
3.98
ju-
Equipment shares
stock
Railroad
Utility
Howe
shades
i
Plan Fund Inc
Russell Berg Fund Inc
Scudder, Stevens & Clark
Fund Inc
4.27
1.52
4.61
1.56
21.87
1
Insurance Group
c6
12.26
23.87
and
Bond Group
Investment Co of America
..
.
^
1.00
13.43
25.95
12.44
shares
10
Invest Management Fund Inc.,1
Stock
Sc04
10.36
1.15%
10.09
10.99
27.20
28.43
25.47
17.45
9.49
17.46
21.16
26.02
13.97
12.36
4.41
5.29
23.35
15.99
9.56
8.69
16.00
(Speculative Bonds)
1
(Income pfd Stocks)
1
K-2 (Appreciation pfd Stks)_l
8-1 (Quality common Stks)_l
S-2
(Income com Stocks)—1
S-3 (Appreciation com Stks)_l
8-4 (Low Priced com Stk)
1
Knickerbocker Fund
1
B-4
K-l
19.34
23.85
12.80
11.32
4.03
4.83
Bid
Aetna
Aetna
Agricultural
American Alliance
American Automobile
American Casualty—
v
21%
39%
11 %
Bankers
As
Shippers
2.78
27.05
Federal
10
20
10
:
Fidelity As Deposit of Md
Fire Assn of Phila
Fireman's Fd of San Fran
Firemen's
Franklin
of
Newark,
Fire
General Reinsurance Corp
Gibraltar Fire
Glens
& Marine
Falls Fire
Globe As Republic
Globe
2nd
Great
As Rutgers Fire
com
preferred
American
117A
10-
1-48
bl.55
1.40%
2-48
11-
1-48
bl 60
1.45%
3-
1-48
12-
1-48
bl.65
1.5,0%
Merch
/
AS*
Bid
Aak
b0.97
0.85%
May
6.
1948
b0.99
0.94%
b0.97
1948
1948
0.91%
May
13. 1948—
bl.00
bl.00
0.95%
0.96%
0.96%
1,
1948
b0.97
0.91%
May
8.
1948
b0.98
0.91%
May
b0.98
0.92%
June
b0.99
0.93%
June
b0.99
0.93%
15. '1948__
1948
1948
71c
20,
1948
27,
I
1948
3.
bl 00
1948
10,
;
bl.00
0.96%
bl.00
1948
0.96%
79c
New York
20.70
17.25
18.86
.
:
v
City Banks;&; Trust Cos.
i
5.85
"7.39
18.81
9.07
v
.r
20.56
8.89
Par
Bank
the
of
Co__ 10
Manhattan
Bid
23'A
Ask
Par
Fulton
25
Ask
Bid
140
100
Trust
155.
I
Bank of New
100
York
Bankers Trust-
Brooklyn
348
10
363
37 %
100
Trust
Guaranty
112
—100
Trust
18o
—100
National
Grace
33%
107
260
85%
88%
Kings
Chase National Bank
15
35
37
Lawyers- Trust
10
39%,
-:
269
15%
10
Irving Trusi
Central Hanover Bank At Trust 20
-
16%
41%
Commercial National Bank
•
6.25
2.51
Trust
7.25
2.20
Co
At
—100 1,450
Trust
County
1,500
~47
25
1
'
50
43'A
Federation
Morgan
24%
National
53
New
'
Bank
National
70
,
74
Public
10
Trust
At
Fiduciary Trust
13
'
16
Sterling
36%
Title
x34%
10
Bank
(J P) & Co Inc
Jity Bank—
York
50
Empire Trust
2.52
45%
23% r
51
lo
Exchange Bank At Trust_20
3.12
,,,20 / .47 /
Manufacturers Trust Co
20
,
Continental Bank Ac Trust
Corn
Bid
100 1,215
Ask
Trust
Nat'l
12%
At
1
Trust_17%
National
States
100
/
.
85%
■
40%-*-
68
12
Trust
f
39.%
*30%
25
Trust
At
234
.£2%
...
)■
1
49
226
37%
25
10o
,•„
Bank
Guarantee
United
1,275
95
72
•
8%
9%
520
550
Security Issues
99
33
Recent
25%
10
%
36%
12%
13%
Arkansai
45%
47%
Cudahy Packing 2%s
20%
21%
5
26%
28%
26%
28%
4
5 %
(Detroit)—10
25%
27%
10
42%
20%
National Fire
56%
National
33
National Union Fire
Amsterdam
18%
Casualty
17%
20%
'—
"
67
51%
26
'27%
1967
94%
1977
104%
River
5%
Iowa
Pow
3Vas
Lt
&
&
Light
102
1978
3s
Utilities
Kentucky
35
N
Y
2
24%
26%
Ohio
44%
Pacific
Telephone
Public Service
Pacific
Indemnity
Preferred
•'
Kentucky Utilities
103
10
5
11%
13%
Philadelphia El Pow 27%s
1978
99%
21%
23%
Potomac
Edison
1978
i
68
Potomac
Electric
1983
71
Providence-Washington
102%
t.y,
Toledo
100
10
5
5
94
97
13%
17%
18%
SI Paul Fire Ac Marine
21%
23%
Seaboard
17
97%
3(As
98%
-
74
79
Travelers
29%
U
S
-
5
41%
44%
7%
8%
Surety
New
Haven-
Sprgfld Fire & Marine
Standard
3s_
Cal Edison
99%
■
3.70% -preferred
Pitney
■
97
:
v-
87
84
Bowes 4%%
vPublie Servioe
1977
Bid
1
27/«s
Co
Stocks—
10
31%
33%
2
4%
27%
Electric
50
/
51
pfd
104%
1%
99
preferred
Carbon
Speer
Ask
4
1%'
%%
Texas
80%
27%
27%
1
•
11%
-12%
Transmsn
Power—
Gas
Cb.—
100
preferred,,,,—.
Corp
82%
100
pfd 25
Co
Eastern
Tucker
'
54
(Indiana)
•
X94%
•
1
;
'i
4%-
,■
'H'if
1
95%
9%
Transmission
"A"
;
9%
29%
4%
5%
.10
Appalachian
104
'■
97%
Par
Edison
pfd_100
Southn Cal Edison 4.88%
104%
104%
3%s__ 1973
American Cladmetals,
5
Accident
10
% %
104%
/.lOO
preferred
106
West
,....
Disinfecting
j
..
14
12
common—50c
U
S
U
S
Hartford Steamboiler Inspect-10
31%
33%
.-12%
10
71
.
t
48
24%
26%
10
40%
42%
10
26%
28%
100
480
495
46%
47
a
Odd
lot sale
included
in
change.
r
wd. When
(not included in year's range),
year's
Cash
range),
sales
delivered,
(not
w
e
Ex-interest,
includedvin
i When
issued,
f Flat
year's
x
b Bid yield price,
price,
range),
Ex-dividend,
d Deferred delivery sales
k Admitted to
t Ex-stock
y
Ex-rights,
listing on N. Y.
dividend.
z
(Uni Unlisted
Ex-stc^'c
(not
Stock Ex¬
issue,
dividend.
48%
50
Fidelity Ac Guaranty Co„2
4
Guarantee..
•
10
X66
2.50
32
Fire
.
74
45%
10
Fire
Westchester
.•>
19
rife.1
28%
27
( N Y)
Republic
(Texas)
Revere
(Paul) Fire
Security
17%
28%
Reinsurance Corp
i
tin
Elec—
Electric—
Philadelphia Elec 4.30%
50
84%
4(4
21
15
x94
100
At
k__
100
Gas
•
14,
10
10
5
5
15
pfd
preferred
Tennessee
47
81 %
10
4
51
4%
Chemical
England
4%%
3.50%
52
48
101%
7
77
5
149
107%
102%
100(4
k__
6%
73%
-10
48
pfd—lOO-clOB
101V2
Monsanto
-
Co
9%-
9%
-
f
90
ptd.inn
Pennsylvania
101'A
25
Accident
Aak
91?
:
88%
Monongahela Pow 4.80%'pfd 100
97%
101%
3VbS_—1978
Pwr At Light 3%s„.1977-
Southern
Fire—
Bid
89
23
41%
5
29%
Ind'polis Pow & Lt 5%
95%
96%
1977
,—1978, •kr_
3s
3%s
1
105%
New
6%
par
102%
3%s__ 1977
Power & Lt
Power
33
12.50
Northeastern
Northern
28
>
103
'
94%
Delaware
2.50
Hampshire Fire
Pacific
96
/
Stocks—
Birmingham Elec $4.20 pfd—100
Florida Pow & Lt 4%% pfd_100
96%
;
102
3s„1978
Dayton Power & Light
5
70
49%
95%
10
New York Fire
70
-
,
Brunswick
New
67
2
Liberty
New
5%
71
1977
At Lt 27/»s
Harbor Plywood
Georgia
Casualty
Pow
Firestone Tire At Rub 2%s__1972
6
17%
National
Ask
Bid
Bonde—
45
Mfrs Fire N Y
Ac
28%
18%
•
Bills
Bid
6.48
5
Merchant
13%
106%
2-48
2-
44
20
America
Massachusetts Bonding
Fire Assur
16%
■
102%
Fire
1-
1.55%
73c
41
Casualty common—1
Prior preferred
10
Convertible
preferred5
10
Hartford
1.35 %
1.25%
10.95
5.91
Par
of North
1-44
lo
Hanover
1.20%
bl.40
Chemical Bank Ac Trust
Phoenix
•
10
bl.35
1-48
18,
April 22
'
Employees Group
Employers Reinsurance
1-48
7-
1-47
Companies
54
5
Fire—
of New York
*—10
Connecticut General Life
10
Continental
Casualty
10
Cum As Forster Inc—
10
6-
47
■
30
City
1-47
•1.35%
April
66c
Diversified Trustee Shares—
Series E
2.50
Independence Trust Shares
•
North Amer Trust Shares—
Series 1955
1
Series 1956
1
North
Camden
1.30%
bl.jjO
8-
April
v
New
Boston
bl.45
1-48
April
15.32
Trn-,-
16%
2%
25
10
Baltimore American
2-48
9-
March 25.
Un,t T>P® Trusts—
26%
lo
25
10
Reserve
8-
1
59
10%
Automobile
1-48
12-
10-
March
10.54
1
Jersey Insurance of N Y
15%
American Surety
11-
1.25 'Ah
■/;.
7.46
46%
5
American
1.20%
1.15%
United States Treasury
15.89
45
8
.
Equitable
1.10%
bl.30
■'8.15
24
37
American Fidelity
rl
Ask
Bid
Due
Dated
Ask
bl.25
7.12
17.85
Insur Co
& Casualty_5
American of Newark
2%
American Re-Insurance
10
r...
American
.Rate
Bid
1-48
5.69
10.12
84
19%
4
—
.0328
.0336
46.50
•
Maryland
_10
100.0138
1-48
5.86
6.81
56
Life
1949
Due
11.24
14.78
42%
—
1,
8.09
16.35
44%
Insurance
Mar.
15.85
1
Aak
81
Surety
Aetna Casual As
$1%S
9.37
7.38
First
Insurance
.9791
10.88
8.55
1
y/orld Investment Trust—
.0380
99.9673
F
.9925
5-
April ^29,
Fund-1
Inc
100.0205
10.48
9.93
1
Fund
1949
7.91
6.75
whitehall
1.
12.04
7.22
Wellington Fund-
Keystone Custodian Funds
B-l
(Investment
Bonds)
-1
B-2
(Medium Grade Bds)__1
B-3 (Low Priced Bonds
1
Feb.
11.06
—1
stock
tlVns
1, 1949
9-2-47
1.15%
10.98
9.45
25.16
——
p°rXred
.9976
1948 Series K
4-
7r
1.15%
11.1.7
,
Wall Street Investing Corp
.
_
°
99.9847
1, 1948 Seris J
1,
1-47
Dated
*
10.53
2.53
l)n'0rn,„Bo"d Fund serles *
®®ries
°®ri
Oct
tl%s Jan.
—
1948 Series
1,
1.10%
.10.02
14.25
TJS'teeoIodoaryStara/Sc
12.72
72
90c
Oct.
t is
Bid
1.55%
Rate
8.83
20
wV.™St"S5i°i
sh»7eiZZZ
.9920
41s
.0125
Indebtedness—
Federal Intermediate Credit Bank Debentures
10.08
8.06
9.62
2%
Investors
Sovereign
99.9757
99.9761
100.0177
.9795
8.79
6.50
1
1
Selected Amer Shares
Institutional Securities Ltd-
SlS'o/n^hfres68"
6.31
5.19
1
.9793
Ask
r
of
Certificates
9,96
5.76'.:.
5.35
5
4.90
20.23
9.09
7.44
Petroleum & Trading
Putnam (Geo) Fund
Republic Invent Fund
Ask
99.9675
99.9677
Series G
Series H
1948
14.90
10.26
_
4.71
4.95
4.20
5
Investors
13.89
.—
-
1948
3.75
14.46
Metals
—
——
Oils
.
—
Pacific Coast Invest Fund
Public Utility
Railroad ———-—
1,
1,
Bid
Indebtedness—
of
July
July
3.74
9.20
4.33
10c
Foundation Fund
Income
Incorporated
1
.
4.51
shares
Tobacco
.
4.33
4.55
3.86
shares
shares
Steel
'
t%s
6.25
3.42
Railroad equipment
Administered
.0328
5.49
,'3.43
——
7.01
shares
Fully
t7/as July
5.02
Building supply
—
Chemical —
—
Corporate bond series
Diversified Investment Fund— I
Diversified prefeired stock
Diversified Industry
Electrical equipment—
Insurance stock
Machinery
Merchandising
shares—1
Electrical Equipment
3.44
8.02 ..••
6.28
9.99
5.17
Food
4.67
t%s
100.0054
t%S Apr. 1, 1948
t%s June 1, 1948
3.15
Aviation
.
7.44
4.27
.Automobile
,
6.99
6.81
.9918
7.21
6.40
New England runa
1
.
.V
'
/;■///
.New York Stocks Inc-—
- Agriculture
•'i
1949
1,
6.60
v
Speculative Series
Stock Series
Industrial Stock Series
Selected Group Series---—
Low Priced Com Stock Series
.
.
4 Jan.
,——
—,
tOot.
9.17
8.48
Maturity—
Certificates
.2477
1%% 100.2325
1% 99.9754
1%% 100.0169
15, 1948
1, 1948
JSept.
1
1
Price
Dollar
Ask
Bid
Int. Rate
Maturity—
13.78
12.83
Nation-Wide Securities—
Balanced shares
National Investors Corp
National Security Series—
<
Bond series—,,.
.
: Low Priced Bond Series
Preferred Stock Series
5.78
9.22
4.76
shares
U. S. Certificates of Indebtedness
14.14
8.05
Chemical
1961
Panama Canal 3s
.
4.70
12.94
7.42
—
Other Issues
100.20
4.39
10
6.12
6.21
shares_I,„
4.26
3.98
■
•
7.88
7.09
Building
121,%
a
100*8
3.75
4.26
100.4
11.26
5.64
5.72
Aviation shares
120
100 4
1 '4S Jan> 20> 1949
98.8
!nX
4.36
3.40
inn!
4.53
3.95
3.86
6.53
,
4.32
4.11
99.30 100.2
,
? P Ji '10^0
25.46
.
shares
Automobile
*
3.92
7.19
v
'
1955-1953
10.42
..
Securities—
/
Agricultural shares ;—
Group
1953-1951
1,
/
23.55
24.51
15.33
,
1,
Feb.
,1
Eaton As
Fidelity Fund Inc—
•
Financial Industrial Fund Inc lo
First Boston Corp—
10
Jan.
10c
1
Income
Howard—
Balanced Fund
97.28
l%s
2%s
} \*s Apr 15 1948
L
Ask
Rid
Federal Home Loan Banks-
Ask
100
97.8
-
1950-1948
1952-1950
3.89
Mutual Invest Fund Inc
144'
1,
3.61
Common
Mass Investors Trust
Mass Investors 2d Fund
30.12
1,
May
3.27
Petroleum shares
steel shares
Manhattan Bond Fund Inc—
4.80
Oct.
1%S
Bid
99.20
96.28
Bonds-
Bank
3.53
Paper shares
:
Federal Land
1%8
...
12.48
13.51
Securities com—100 2,650 .
2,750
Christiana
Dividend
3%
96.24
19.64
7.88
16.32
17.48
15.10
15.95
1
*
1
Inv Fund Ltd
Canadian
5.%
4%
3
92.39
18.17
7.87
•
of America
Fund Inc-—-,,
Tr
Bond Inv
Figures after decimal point represent one or more 32nds of a point
Ask
Bid
v
%
69%
33%
*No
dividend.
par
value,
tin
default.
IThese
bonds
are
subject
to
all
Federal wxes.
(;Ex-liquidating
.
Volume' 167
Number 4681
'
it
THE COMMERCIAL
THE
COU RS E
Bank clearings this week show an increase compared
L
With
a
Preliminary figures compiled by us,
ago..
year
,
based upon telegraphic advices
Uhe country,-; indicate that
from the chief cities of
for the week ended Saturday,
March. 13, clearings from all cities of the United States
from which it is
possible to obtain weekly clearings will
be
those
0.6%
above
for
the
Our preliminary totals
year.
against $13,346,661,303 for the
this
center
there
day of 26.1%.
is
at $13,424,268,532
week in
same
for the; week
gain
a
stand
last
1947.
At
ended
Fri¬
Our comparative summary for the week
follows:
'
•••'•'V-.v
CLEARINGS—RETURNS
BY
ends
in
appear
issue
our
today, in
next
much
as
by
having recorded an increase of 3.4%.
We group
the cities according to the Federal Reserve Districts in
which they are located and from this it
appears that in
the New York District
(including this city) the totals
not
avail¬
show
a gain of
3.9%, in the Boston Reserve District of
29.2% and in the Philadelphia Reserve District of 0.8%.
able at time of
going to press.
Accordingly, in the above
the last day of the week in all cases has to be estimated.
the
elaborate
The
detailed
statement, however, which
present further below we are able to give the final
and complete results for the week
previous—the week
was
7.2%, the aggregate of clearings for the whole country
having amounted to $14,182,067,530, against $13,229,702,386 in the same week in 1947.
increase
an
of
24.7%,
District
the
has
to
its
credit
Richmond. Reserve
18.8% and the Minneapolis Reserve District of 8.9%.
Kansas City Reserve District has
managed to en¬
city there
clearings at this
large its totals by 7.5%, the Dallas Reserve District by
15.8% and the San Francisco Reserve District
by 13.6%.
In the
322
$5,536,327,
following
furnish
we
a
by Federal
summary
Reserve Districts.
Cent
SUMMARY
+ 26.1
OF
BANK
CLEARINGS
■
■
589,876.799
586,572. 115
•:
839,000.000
——
Boston
401.517,543
+
+
Week Ended March 6—
0.6
682,000, 000
431,427, 032
,
23.0
226,423 792
+
5.1
2d
>233,600, 000
+
6.6
3rd
237,881,243
...,
249,100,000
.
?t. Louis
Francisco-
293,930,000
Pittsburgh
306,1,13,674
206,282, 878
256,065,150
231,480 980
+ 10.6
201,989,554
159,944 753
26.3
an
Cleveland
-V
Baltimore.™
...
316,300, 000
,.
New
5th
+ 48.4
Ten cities, five days.«--i.-
;■
$10,357,168,844
] Other cities, f IvedaySw—
i
2,368,968,400
Total all cities, five days_
i
*11 cities,
$8,610,358,872
one day
2,322,508,395
698,131,288
—
+
j. Total aU cities for weekwu-.
..
$13,424,268,532
2.0
—71.1
$13,346,661,303
+
0.6
February and the two months of 1948, and
1947, follow:
*
Description
—Month of February
Month
February—-
.Stock, number of
1948
shares
-,
Bonds—
RR.
&
—Two Months-
1947
1948
16,801,286V ( 23,757,877
47,314,680
$165,936,600
$74,529,900
$193,048,600
International Bk.
>
Foreign
govt.™
5,846,000
5,359*400
12,859,200
12,205* 100
government
16,000
97,500
201,000
$69,745,300
$79,986,800
$181,125,800
S.
t
Total bonds
372,000
$205,477,700
-
■|i
728,896.439
676,221,390
581,547.651
580,901,029
+ 12.9
319,234,111
542,380,707
+
1.2
465,550,117
865,564,029
+
6.2
686,030,052
918,803,888
.'.A
—
486,502,205
409,513,356
+ 18.8
336,189,682
308,654.024
+
8.9
233.282,239
470,627,394
279,223,602
193,544,355
437,726.357
+
7.5
6
"
362,442,013
252
309,761,163
217,941,925
+ 15.8
"
201.918.972
154,274,832
649,440,049
+ 13.6
537,717,345
515,910,709
7.2
11,629,715,090
+ 11.7
5,058,279,562
-
472,130
737,680,572
14,182,067,530
February.
'Vy''
-
A'1 Y
19.46
aggregate $54,213,083,234.
February
of
1945
__
16,801,286
51,510,197
The
of bank
course
23,757,877
month
Philadelphia Reserve District
of 6.3%.
February and the
February in each of the four
BANK
CLEARINGS
M 000,000
omitted)
,i
'
'■
I
1948
$
■
;
AT
1947
2d
3d
—.14 cities
—,_14
Philadelphia
8th
32,612,585
CITIES
IN
ended
1948
1947
1946
$
58,568
60,256
53^70
2,072
6,337
5,611
4,894
Boston
1,759
1,647
1,559
1,412
3,672
3,609
3,430
Philadelphia
3,447
3,253
2,834
7,035
6,092
5.488
Louis—
1,019
San
Fran-
Baltimore
1,545
1,462
775
7,397
685
'2,276
2,031
1,623
1,497
982
2,329
2,114
1,975
2,105
2d
3,091
2,811
2,480
3d
1,574
1,339
4th
1,104
1,056
5th
1,909
1,715
6th
2,757
2,374
2,562
2,228
1,831
'
781
534
1*2,245
1,791
1,817
1,657
St.
924
828
2,697
5,296
2,956
446
437
""347
323
984
928
745
702
.■
-
-
413
352
281
1,050
895
726
619
101
98
77
69
■220
214
179
Milwaukee-
239
372
173
143
495
293
232
244
700
278 y•
208
179
712
612
453
393
285
'•■■230
•; 824
755
619
120
435
394
303
1,199,740,741
1,182,217,301
1,755,802,171
+
3.5
1,345.887,989
+ 19.1
1,102.440,845
+ 11.1
1,688,839,201
1,424,573,793
1,310.140.602
1,074,249,334
799,822,967
2,351,050,616
2,079,092,897
54,218,083,234
+
6.1
49,800,343.979
45,401,473,486
27,176,824,239
+ 10.3
23,154,014,919
21,174,223,850
345
306
962
929
772
12th San
Two Months '
•■;'
Two Months
1947
Inc.
+
6,334,269,912
1946
.
1945
0.5
5.5
61,891,869,901
54,749,601,720
6,367,458,074
-
+11.9"
.
3,560,250,544
5,716,637,444
5,432,437,333
.
5,435,826,998
+
6.4*
2,839,460,053
4,946,913,038
10,198,850,213
3,716,954,681
2,540,792,584
+
7.5
4,130,947.252
8,700,482,256
3,795,001,180
8,679,295,305
2,907,094,438
2,645,091,324
+ 15.0
+
9.4
2,718,237,049
+
21.7
4,532.565.294
+ 16.1
„
4,310,579,910
5,757,717,479
124,295,844,687
117,049,061,769
65,597,832,175
>
3,426,549,839
6,759,493,785
686
,
4,029,757,543
3,204,978,642
5,262,910,36^
58,480,109,673
Francisco
.v
2.5
+
7,368,434,874
+y
11,732.382,206
4,066,315,821
3,307,158,216
—11
+
60,525,547,281
•v.,
\
3,410,140,789
i—15
y.
Dec. %
4,318,043,467
7,776.671,981
——————16
or
years:
Two Months
yy
1,780,178,011
3,634,981,796
2,833.845,607
+ 25.8
•
2,350,521,359
3,182,911,044
2,419,403,394
+17.4
5,007,140,759
4,569,822,701
6.2
110,125,996,371
: 99,074,812,249
265
344
193
183
Richmond
422
431
_■
4,102,896,182
1,204,524,105
7,089,858,191
•V y 503
142
371
Indianapolis
—_
4,056,823,181
+ 14.4
"
Louis
533
Denver
1,735,457,662
+ 13.3
+ 20.1
r~——~1a
10th Kansas City
11th Dallas
312
516
207
319
315
___
1,922,585,171
1,608,172,353
155
Paul-
5.7
4,775,693,994
4,425,204,615
60,835,036,750
"
16
Minneapolis
969
-3,221
466
St.
+
57,526,018,036
Chicago
8th
350
'1,424
1
7th
9 th
380
1,076
ProvidenceBuffalo
2,538,662,101
2,308,281,253
5,320,092,058
785
435
1,281
„_
2,653,028,268
1,310,899,304
$
::
1,192
446
1,475
Louisville—
Omaha
785
968
OlTns
New
2.960,336,613
2,511,264,400
2,684,147,128
Atlanta
757
839
Minneapolis
6.3
3.4
1948
Richmond
826
+
+ 10.8
+
1,932,021,065
Cleveland
1,338
866
3,404,911,943
2,069,397,513
■„
Philadelphia
1,447
1,452
1,069
v
2,978,332,455
1,494,813,005
•
;
showing clearings by Federal Reserve Districts in the two
months for four
14
1,690
1,038
$
29,979,203,326
York
3,399
1,180
Detroit
New
504
1,191
_
1945
$
3,070,373,227
"
14 cities
619
Kansas City
1946
2,298,143,912
'*
Boston
1,138
Cleveland
or
1,817,450,954
1,435,061,340
<V
19
Federal Reserve District*
1st
681
.
Inc.
1947
,
2,440,735,144
5,412,327,400
City
'528
638
:"y
3,620,668,780
184 cities
1,333
738
679
-
Cincinnati-
-
2,544
743,
996
District
24,971,707,114
Two Months
908
958
1,083
Reserve
27,407,517,371
3,061
Pittsburgh-
Dallas
2.1
4,422
St.
the
+
"
Francisco
We append another table
$
58,698
2,271
—
in
1945
2,609
York, 27,546 27,041 26,646 24,227
Chicago
11.1%,
27,962.378,363
"
16
Minneapolis Reserve
20.1% and in the San Francisco Reserve District 14.4%.
3.299,774,330
—11
the
In the Kansas City Reserve District
1,640,025,126
1,545,485,129
—15
City
gain of 13.3%, the St. Louis
and
1,832.558.686
"
7
Total.
2,939
JNTew
is.
the
in
6.8
*♦
—
Y.
increase
and
+
"
Minneapolis
N.
19.1%.
a
3.5%
3.4%
The Chicago Reserve
Dec. r/0
"
31
11th Dallas
Outside
the
of
larger by 10.8%, in
by
1,971,628,951
"
with
FEBRUARY
District
District of
\
8
—
Louis
12th San
District has to its credit
Reserve
4,606,460,945
28,548,002,267
"
1—16
are
District
—Jan. I to Feb. 29-
1945
10,452,887,302
.
2,105,974,488
16
Chicago
9th
Reserve
Atlanta Reserve District by 5.7%.
in
17
—
Atlanta
St.
and
Richmond
$
New York
is shown below.
February-
1946
;
months
years
LEADING
Month of
-r—
two
the
In the Cleve¬
1948
Boston
7th
clearings at leading cities for the
of
*
339,753,574
land Reserve District the totals
an
improvement
an
Month of February-—
Federal Retterve D»uiet*
r"
38.995,195
34,092,745
was
2.1%, in the Boston Reserve District of 6.8%
the
10th Kansas
■V
+
6,094,873,586
In the New
■
23.556,803
13,229,702,386
clearings for
For that month there
Cleveland
20,217,606
'•
-
6,808,161,082
summary of the
a
Richmond
>
613,994,873
" :
"
10
-
036 and the 1947
6th
___
285,348,984
413,977,074
"
increase for the entire
body of clearing houses of 6.1%,
the 1948 aggregate of
4th
January
,
7
We also furnish today
,
5th
j Months—
0.8
+ 24.7
367,231,262
10
the montk of
to 1948 is indicated in the following:
1947
+
688,464,147
112 cities
The volume of transactions in share properties on the
New York Stock Exchange for the two months of 1945
•'1948
6,027,979,665
984,852,947
548,874,107
Francisco
1st
y/y/;:y
6,741.358,829
858,514,205
"
y■ ;
Outside N, Y. City
2,135,000
■
401,749,626
3.9
414,528,067
224,000
U.
431,983,748
+
992.804,474
York Reserve District the totals record
$63,511,300
$
+ 29.2
"
clearings, having been $57,526,018,-
1947
37,018,892
yy-.
misc.—
■
1945
...
...■:.
JH
-
Our usual monthly detailed statement of transactions
;on
the New York Stock Exchange is appended.
The
for
1946
r+
"
"
<y: Total
r*
results
416,263,816
7,341,669,767
10
Minneapolis
V;
Der.
537,891,907
—17
10th Kansas City
lltb Dallas
12th San
Inc. or
$
7
-
I.nnU
+ 16.4
2,413,794,036
.
9 th
1947
6
1
Chicago
St.
i
7,627,178,899
"
"
Richmond
7th
••'7+20.3
$12,726,137,244 $10,932,867,267
12
11
6th Atlanta
'8th
-
12 cities
York
Philadelphia
4th Cleveland
7.1
—
1948
1
$ ..•••••:
1st Boston
6.9
—
J
Kansas City___
';
Federal Reserve District*
:
Chicago
Philadelphia
Dis¬
The
Outside of this
11.7%, the bank
Reserve
of
trict of 12.9% and the Atlanta Reserve District of
1.2%.
In the Chicago Reserve District the totals
record an im¬
provement of 6.2%, the St. Louis Reserve District of
increase of
an
Cleveland
increase
an
we
nded March 6.., For that week there
47
center
week.
the week
as
are
(1187)
CLEARINGS
covered
of
Saturday and the Saturday figures
was
1947
6,981,694.881
—
BANK
We cannot furnish them
Per
New York
CHRONICLE
TELEGRAPH
1948
13 !
O F
foregoing will
■
j-j- Week Ended March
FINANCIAL
Complete and exact details for the week
the
In
corresponding week
&
,
429
'
631
.
'•
+
'
.
Total.
Outside
N.
.184 cities
T. City.
•
I
.
'
>
5
•
t
Memphis
331
342
Seattle
451
Salt Lake C
186
93
240
180
383
'."•341
335
164
127
103
90
76
62
200
/
762
719
509
,:"932
828
730
729
439
359
281
163
134
fTot. 27 cits. 49,985 47,613 44,376 40,662 107,719 102,872
98,521
88,779
*
r
+12.2'
.
-
49,869,660,333
.
'
45,904,410,556 "
•
,
245
194
'
.
+
.Rartford
„
>
i
i The following compilation
420
the clearings by months since
covers
MONTHLY
•
.
Other cities
7,541
6,605 ,'r 5,424 r:4,739
16,576
14,177
11,604
all
Out.
i;
—
57,526 54,218 49,800 45,401
N.Y.C. 39,979
We
now
124,295
65,597
27,176 23,154 21,174
add
detailed
our
••
117,049
58,480
statement
110,125
99,074
49,869
45,904
>
>
1948
$
nuary-^^jjsiu—
Clearings, Total
'
,
$
First Federal Reserve District—Boston—
Total 2 months-
7,596,060
Portland
16,161,1751,759,406,690 ■+'.
62,830,978,535
54,218,083,234
117,049,061,769
or
1948
Inc.
$
—
Lowell
•
New Bedford
8pringfield
f
•
—
—.
or
;
'
.
Waterbury
:
"
_R. I.—Providence
H.-^Manchester
Total
-
.
New Haven
f
16,172,585
Dec, %
.■■'-■'
$
+
8.6
1.7
6.8
+
8.2
3,512,273
+
6.4
8,317,885
2,686,318
7,460,828
+ 17.5
6,737,867
7,780,968 •'•
6,304,901
5,821,947
+ 23.4
+ 15.7
16,421,333
14,225,089
+ 15.4
62,154.695
56,645,776
41,191,958
194.366,661
,20,097,394
25,856,062
-
r
93,348,700
,
"
.
43,800,776
9,696,700
+
6.2
18,566,730
+
8.2
90,056,656
36,703,435
,
•
3.672,198,875
16,659,381
9,330,300
+
•
'
>.
3.9
13,687,788
43,751,936
+ 10.3
65,597,832,175
.58,480,109,673
+ 12.2
+11.5
^
9.7
6.2
5,230,659
+
-
(14 cities)
\
-
:
yy
1946
,
1945
+
$
+ 16.5
+ 11.6
+ 29.8
368,513,421
348,749,685
1,387,923
+ 31.1
1,304,733
949,062
526,943
+ 40.8
618,426
,
1,460,320
1,016,489
2,957,516
3,444,741.
1,427,831
-
+
5.8
+ 49.3
5,540,775
523,267
1,531,375
5,021,191
3,951,571
1,156,958
...
4,590,920
+ 32.4
3.3
4,425,360
23,255,985
3,112,823
82,523,731
20,676,551
+ 12.5
+ 11.8
17,908,735
15,555,363
21,445,000
11,535,464
19,935,700
9,007,094
7.6
+ 28.1
+
8,347,254
6,612,822
24,826,000
17,901,000
+ 38.7
17,963,500
15,930,800
200,721,208
!
-
-
98,194,900
+
3.5
220,120,900
5,322,857
214,340,000
4,943,089
7.7
+
2.7
+
11,068,615
10,163,325
+
8.9
1,473,338
1,187,221
1,971,628,951
+
6.8
4,425,204,615
4,318,043,467
+
2.5
537,891,907
416,263,816
2,105,974,488
/
349,838,210
101,600,900
—
or
Dec. %
"
1,511,031
7,498,405
+
Inc.
:yy,yy.
1,633,423
1,819,199
+
$
3,704,858
1
+ 21.7
-
:
or
+ 13.8
92,280,922
3.7
+ 19.3
+
•
"
Inc.
Dec. %
Week Ended March 6-
741,832
37,153,413
•
y
*:■■.,■,■
453,961,929 "
1.8
+
,
29,979,203,326
6.2
1,902,726
4,135,339
+
+
^
$
31,303,285.434
27,176,824,239
1947
V v
3,609,633,183
+ 16.8
1947
35,618,628,849
C.3
ended March 6 for four
years:
13,840,255
34,207,226
6,286,619
•
.,,1948
$
1948
15.873,251
27,464.541
Worcester
Conn.—Hartford
week
1,647,136,488
*
6,803,386
Holyoke
+
3,156,215
Fall River—
t
+ 33.0
;
——
'1947
Dec. %
Clearings Outside New York
or
"M-1
:
-Jan. 1 to Feb. 29Inc.
—
+
3,738,126
Mass.—Boston
;
6,177,929
——
Inc.
66,769,826,651
57,526,018,036
j
1948 and 1947.
Dec. Vo
.
lie.—Bangor
All
1947
_
124,295,844,687
February
February1947
$
*'•
1948
showing the figures fop* each city for the month of
February and the
-Month- of
Clearings at—
Months—
10,295
Ja
Total
r
Jan. 1,
CLEARINGS
'
+ 24.1
-
"
925,108
603,921
+ 29.2
431,983,748
401,749,626
'
-A
;
48
-Month
Clearings at—
''
r
'
+ 12.4
10,684,037
10,290,278
+
3.8
_
_
293,373,017
+
8.9
700,668,785
...
214,522.696
631,231,714
$
$
•
2+66,093
2,227,245
+
66,611,192
+
,
.
2,102,502..
24.2
82,624,123
*.-
+ 11.0
9.625,036
+ 94.8
12,503,638
24.0
31,169,654
.
.1,550,248
54,692,000
53,921,288
1,155,058
980,603
5,516,639
+ 12.4
14,356,124
12,065,648
+ 19.0
1,532,048
1,236.207
+ 23.9
6,919,245
+
12.9
16,918,794
14,256,951
+
18.7
1,786,747
1,398,583
+ 27.8
1,041,834
974,169
+
0.2
7,373,906,448
7,134,828,800
3.4
6,571,435,528
5,846,426,357
14,325,031
13.124,974
7,867,212
6,158,430
27,041,258,995
+
1.9
58,698;012,512
58,568,952,096
74,694,527
67,935,195
+
9.9
164,060,963
147,169,175
+11.5
18,384,777
51,257,846
43,030,597
+ 19.1
109,501,289
92,395,901
+ 18.5
12,971,636
9,545+81
7,777,226
+ 22.7
20,779,361
16,848,941
+
45,872,604
42,269+66
8.5
93,704,966
;
Utica
—
Conn.—Stamford
_
J.—Montclair
2,955,888
Northern N. J.
205,014+41
28,548,002,267
Reserve
+
.
+
■.
+ 23.2
8,785,590
+ 47.6
10+42*914
TlO
*.
,
12+78+39
+
429,031
684,329
2.8
+
9.007,318
9,288,713
676,994
+
.#•1
572,732
44,360,530
2.2
"40,851,186
:+
8.6
30,040,978
24,488,934
;
„
14,273,874
2.1
60,835,036,750
60,525,547,281
51,330,919
46,890,150
+
9.5
39,982,917
+"0.5
413,906,133
13,027,374
38.977,947
.7,627,178,899
7,341,669,767
+
3.9
6,741,358,829
6,027,979,665
6.3
1+44,551
District—Philadelphia—
4,364+31
„
Chester—
4,403,656
0.9
9,243,139
9,867,345
—
1,181,042
806.105
781,203
4,248,715
Pa.—Altoona
Bethlehem—
3,391,001
+ 25.3
8+34,355
7,628,508
+
10.6
1,004,878
853,882
1,056,481
1,319,418
+ 13.8
9,210+56
8,804+25
+
4.6
1,074+96
1,110,583
831,455
6.1
41,815,706
7.6
24,517,925
4,244,786
18,845 + 84
17+57,289
11,355,947
—
3,730,067
Harrisburg__
Lancaster—
12,291+01
Lebanon__—
3,562,861
Norristown—
3,447,000,000
+
—
+ 14.1
3,122,073
4.982,476
Philadelphia.
Steading
"•+
+ 19.6
3.9
19,966,385
18,138,233
14,570,678
+
5.0
31,576+28
31,292,690 ~
1,051,365
+ 14+
2+98+25
2,537,559
4,254+93
+ 11.4
10,809+11
8,842+00
Del.—Wilmington
30+07+31
25,290,829
-
+ 12.5
■
—
•
+ 20.2
-
73,805,384
3,404,911,943
3,620,668+80
Fourth Federal Reserve District—Cleveland—
+
6.3
2,043,303
1,723,532
3,517,568
3,969,671
3,818,055
2,077,795
1,791,077
1,570,591-
4+07,878
3,558,267
1,908,205
1,971,931
1.6
+
5.5
8,537,336
25.6
7,253,953
+ 17.7
5,893,866
6,574,243
5,442,590
+
20.8
4,389,805
3,555,100
,992,804+74
984,852,947
+
728,896,439
676,221,390
5,668,502
+
+ 25.8
+
7,368,434,874
7,776,671,981
esg.boO'ooo
704,000,000
22.2
+
58,654,614
63,374,565
""
+.620,013
0.9 "
+
—
-
cities)—_—1
Total (16
+ 41.2
22,469,669
31+30,242
1,924" 53 5
2,634 827
50,439,201
..
*
J.—Trenton
e.
+ 10.1
4+37,969
1-
—
36+60,580
+
*1,200.00C
Dn Bois
40,532+81
8,560,038
15,303,200
York—
17,088,925 -
8,893,347
Wilkes-Barre—
/
2,402,257
2.815+35
'
10.3'
19,219+07
Scranton
'
'•
954,000.000
957.000,000
+ 16.0
+
'•
2+58,087
0.4
+
"
w
5,1-
+
22,599,801
26,218,628
3"o"o2_,907
2,990,817
3.4
+
9,034,045
7,035,000,000
857,512
i_—
0.6
+
«
6,639+72
10,806,712
8.7
"*•
9,727+30
24,375+49
"■\i 7,397,000.000 7
6.0
+
3,253,000,000
+ 10,6
37,820,252
•
.
6,862,581
+ 18.5
4,203,029
h'
10,573,384
Hazleton
J
9.6
425,520,728
+
9.3
.
324,944,816
.
5.7
+
14,917,268
,
23.3
+ 21.5
5,111,044
332,135,409
+ 21.5
27,962,378,363
•'"
85,728,345
•
6,211,294
+'5.1
5,869,961
.
(14 cities).
•
193,964+39
7,134+38
Oranges
Federal
+ 20.6
152,249+25
■r
+
;
•
Newark..^—i—!I—„'
Total
+
2+50+99
160,005,108
'
N.
+ 14.5
21,292,057
*
24,352,410
27,546,814+10
».
Syracuse
•
1945
; 1946
7,811+55
_
Rochester
•i
:
6+99,412
_
New York.—
•
or
Dec.'%
J.$
+ 20.1
178,617,086
24,369,955
319+77+05
'1''
Jamestown
•
Inc.
1947
1948
1
i.
t)ec. &
$
89,473,381
Eimlra
Third
-Week Ended March 6Inc. of
1947
1948
or
Dec. %
100,535,215
Binghamton
-
Inc.
1947
York—
N. Y.—Albany
Buffalo
Monday, March 15, 1948
-Jan. 1 to Feb. 29-
February-
$
V*
Second Federal Reserve (District—New
N.
of
1948
'
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(1188)
,
.
,■
0.8*
•
"
27,705,477
i
638, 580,794
.
Cincinnati
49,946,640
+
9.3
6,159,117
8.7
5,034,183
1,452,759,130
1,338,182.830
+
8.6
176,432,889
144,947,833
+ 21.7
124 051,354
101 985,789
2,562,162,738
15.0
320,546.679
252.893 214
+
26.8
196 565,081
202,900,761
23.1
33,781,400
25,544,200
+ 32.2
22,565,500
17,782,500
2,228,615,553
+
93, 246,900
+ 23.2
248,326,500
201,660,400
+
5, 411,986
•;
+ 15.4
12,093,597
10,291,229
Lorain—
3,445,472
\
,
3 156,303
+
9.2
6,828,134
6,763,695
V
114,855,800
-
Hamilton
+ 14.7
1,038 344,303
1,191,383,878
Columbus
A
16.828.511
V«.V15 ,427,537
Youngstown
22,010,263
22 .064,353
Newark
15,637,713
14 ,284,457
66,217,638
51 ,460.549
Mansfield
.
54,610,451
6.4
+
6,247,820
Cleveland—
;
1
Toledo
+ 17.5
+
1.0
+
11.5
4 843,257
4.039,992
19.9
3,141,766
2.599,247
4.0
271,929
5,883,443
—10.4
4,002,854
3 159,863
311,478,934
249,486,963
+ 24.8
226+86,913
248
853,514,205
638,464,147
+
24.7
581,547,651
583,001,029
9.1
36,313.080
32,575,253
0.2
49,114,197
--'47,218,866
9.5
34,689,897
29,929,933
+
+ 28.7
+
+
—
+
+ •
17.7
134,060,858
113,875,913
1 .943.896
+
7.6
4,625,357
4,136,348
+.11.(L
1,529,698
1
+ 31.9
3,737.563
2,721,378
+
1,083.492,984
,160,076
996 .895.071
8.7
2,329,676,951
2,114,331,642
18,767,012
15; 089,378
+ 24.4
38,952,495
32,747,318
+
18.9
16,901.764
16, 406,964
+
3.0
36,521,424
35,407,735
+
3.1
17,552,044
27, 787,286
—36.8
49,702,507
56,076,737
—11.4
15,794,428
12, 793,928
+ 23.5
35,683,312
29,787,942
+ 19.8
3,299,774,330
2,978,332,455
+ 10.8
7,089,858,191
6,334,269,912
Erie
Oil City
'
-
Ky.—Lexington—
W. Va.—Wheeling
Total
cities)—
(17
+
15.9
2,091,329
,
Pa.—Beaver County..
Greensburg
Pittsburgh
3 975,911
+ 14.1
24 278,674
679,312,499
k-
Ohio—Canton
+
37.
"
+ 10.2
496,958
1
+
11.9
-
{
(
Fifth
Federal
District—Richmond—
Reserve
W. Va.—Huntington—;
Va.—Norfolk
;
B. C.—Charleston—
+
18.9
10,762,000
+
3.5
110,995,206
5.9
3,248,316
Md.—Baltimore
;.
219,419,614
+
+ 10.9
738,124,590
775,359,158
—
Frederick
4,131,357
+
5.0
7.4
+
Federal
T©nn.—Knoxville.^
5.6
67,012,952
63~036,602
"+
6.3
57+87",846
6.4
414,528,067
367,231,262
+
12.9
319,234,111
6,688,402
551,186,966
522,020,139
+
3.4
3,204,978,642
+
3+10,140+89
63,148,758
+
4.4
153,033,273
134,499,255
+ 13.8
15.639 337
237,118,959
...
Ga.—Atlanta
861,200,000
;—
Augusta—
....
:: ■"
13,936.522
Columbus—15,638.315
"Macon—.—.
5.2
530+24.875
489,262,028
+
8.5
61 01.7.023
57.873,788
24,842,042
336,534,059
...
——
+
—
7.3
Montgomery
+
1+
+
+
8.7
3~31~3,196
2^914,744
+
9.5
84,194,363
77,040,670
•"+
9.6
79.048.975
78^992,56C
14,3
7,064,395
6,480,765
27+30,885
24,969,080
7.8
725,864,087
662,778+49
54,401,539
50,247,687
750,954,967
684,901.894
+
57+75,289
50,541,899
+
+
■
•'+'
7.8
+
4.4
+
,
24,687,847
8.3
29,678,876
26,677+19
8.3
30+33,000
32,026,000
13.0
65,937,488
64+78,916
+
8.9
11+53,296
10,993,944
+
12,305,686
15,576,000
34,468,958
5,040,488
5,532,657
—
—
__
158,700,003
8.6
3+14,482
2,616,081
11.2
22,140,385
...30,002,591
;
Meridian
169+00,000
—
—
"+13*3
2+98+79
1,907+22
9.3
68,021,303
57+60,334
+
0.1
64.234 984
52+24+22
+
9.0
4,615,735
5,051,008
+
4.0
—
2.3
1.5
339+09
290,951
93,859+34
86,856,589
1.2
465,550,117
413,977,074
8.0
899,793
554,502
7.8
6,172+03
5+44,289
"+~12~9
3,730,379
4,316+32
3.3
1,547,929
1,573,976
1.7
3,525,567
3,248+03
+
8.5
429,324
443,795
435,260,575
2.5
969,201+18
+
4.3
111,545,762
106,724.859
+
+
924+62,516
4.5
446,090,409
2,440,735,144
Vlcksburg—
2,308,281,253
5.7
5,320,092,058
-4,946,913,038
+
7.5
548,874,107
542,380,707
+
+
+
5.3
12,723,176
11,298.556
+
12.6
1,335,343
1,451,736
+ 15.2
3,221,489,784
2,697,709,079
+
19.4
33,164,986
28,640,422
+
15.8
87,633.843
72,272,549
+
21.3
9j641~,943
8*947^697
-11,819,519
11.774.753
4~707~692
4+69+11
—
Lft.—New Orleans
.
(16 cities)
>
Seventh Federal Reserve District—Chicago—
lMch.—Ann Arbor.
;
15,904,185
'Grand Rapids
'■
23,100,918
City
—
6.1
.
48,228,767
48,648,193
21,398,793
17,767,584
+
20.4
10,996,570
+
20.5
41,087,999
+
29.3
70.401,595
+
22.3
+ 16.5
13,250,846
19,623,586
+ 29.8
53,115,501
33,492,354
+ 18.8
86,448,464
193,809,235
183,660,915
+
5.5
435,440,177
394,789,559
22,860.676
21,692,985
+
5.4
55,349,153
47,968,830
+ 15.4
49,715,174
119.419,137
104,007,387
31,178,368
5,127,529
5,973,946.
Indianapolis
Bend——.
...
South
:
—
Wis.—Madison
20,179,391
"Milwaukee
14,948,963
..
•-
:<
+ 35.0
-
207,392,989.
+ 15.3
3,290,583:.
+ 20.5
Sheboygan..—
Iowa—Cedar
1
...
Rapids..
6,170,700
7,248,391
1,451,220
—
...!
Watertown
Manitowoc
f
3,200,772
6,Vis" 000
4,751,486
+ 32+
3,350,724
3,842,692
11,699,489
18.9
11+00,920
10,281+08
+
19.4
54^47,829
54,198,604
T~0+
4l~03~9~,289
33+"42", 328
+ 15.4
+
13,244,665
+
2,888,044
+
6,381,949
+
12.0
29.625.754
-+
8.1
253,355,631
219,873,559
+
15.2
105,521,288
+ 17.3
7.5
+ 14.3
51,677,237
'
'
...
HI.—Aurora
>*•'
•
——
.
Bloomington
.
+
6.5
,.
123,814,267
1,491,991
+
7.8
3,837,996
+
3.1
4,725,434
4,582,218
4,469,974
Chicago
:
Feoria
;
43,894.446
.
'
Rockford
8pringfield
1
:
1
12,249,747
38,424,736
*
•? " "
J
Sterling
15,801,955-
13,384,748
1,653,955
40,349,316
+ 15.5
*
/
f
+ 13.3
Eighth Federal Reserve District—St. Louis—
Mb.—St.
Louis
Ky.—Louisville
Tenn.—Memphis
>
HI.—Jacksonville.^.—
J
Qulncy—
...
8+01,860
-
437,100,493
342,276,499
1+27,162
1,263+84
•
,
958,920,509
«
9,254,875
446+58.858
331,870,308
1,417,343
7,246.601
'
1,034,080
6,641,568
'+ 6.3
:+10.2
'
—11.5
+ 2.2
+- 3.0
.+37+
,
+ 9.1
;
Total
(7 cities)
1,817+50,954
1,755,802+71
:
+ 18.5
+
3.5
530,825,950
2,081,547
579,187
970,532
7.5
+ 14 +
.
+
.
.>
485,798,564
1,725+51
7+21+01
+„ 3.3
7+30,106
4.638,991
4+50,173
+ 11.8
'3,001.036
2,276,532
3,606,180
3+84,586
+ 13.2
2+83,697
2+05,581
918,803,888
865,564,029
+
6.2
686,030,052
613,994,873'
288+00,000
231,000,000
+ 24.4
194,200,000
169,000,000
.
.
r
■
3,026,158
984,078,673
••
..+ '. 8.5
10.266,426
656,244,066
+ 20.7
'
3,309,463
15,872,281
4,066,315,821
'
2,031+23,284
>
18+43,337
2,803,935
928,311+96
+12.1
+15.6
+ 7.9
+ 6.0
/
' 719,866,981
762.086,983-,'
+
1,215,907
10,605.737
+ 18.4
+ 15.0
20,975,873
i
—
•j
3,061.255
2,985,314
-
2,276,966,390
"
7,561,479
2,629.019
+ 17.4
•
34,089,736
.
;
1,019,639+85
Cape Girardeau
Independence
16,972,380
1,319,663
705.340,598
10,198,850,213
3,602,985
.
14+84,301
10,845,366
"
25,168,091
11,732,382,206
2,610,756
21,674.233
+17.1
•
82,370,734
.
29,832,807
+ 15.8
1,427,933
4,775,693,994
96,692,425
+21.3
,
3+66,946
29.670,842
...
+12.9
23,949,464
+ 14.2
-
11,585,870
: ; 5,412,327,400
(Jl cities)
28,056,200
4,540+23
.
19.9
+19,3
5,611,420,781
,,
;3,761,063
26,890.135
14,371,790
;
+ 14.8
-9,510,799
,9,045,262
10,793,468
6,337,822,879
+ 15.4
10,615,901
19,164,532
•' 10,917,302
4.0
—
2,609,213,347"" :
+
3,202,045
'
+12.6
4,654,276
2,939,189,381
—
Decatur
Totll
48,543,848
1,607,802
City
Ames
1'
21.0
7,189,254
32,616,217
~
Sioux
+
15.4
2,386,685
15,290,226
+
97,768,117
4
27.8
7,035,484
5.4
+
V 13,735,524
111,788,653
2,812,370
28+77*000
6.274,387
49_867~bbb
10.3
+ 28.8
3,035,909
14+67+51'
———
Moines
3,238,431
9W9M0
13,912,649
"
Des
27.2
14.3
+
+ 17.5
■
.1,127,087
+
+
•
•
4~5~25"+48
5,753,879
~+~~7~2
429,592,221
8,987,804
'
+ 16.0
42,873,768
495,850,917
3,965,300
...
..
37,236,301
239,024,453
—
Oshkosh
0.9
3.4
39,776,168
.
+
0.4
+
—
+ 15.4
+
25,461,325
Wayne
Haute
,+ 18.6
+ 18.0
*-■
22,336,259
8,374,940
9,665,158
Gary
Terre
33,352,528
5,559,202
5,219,254
Lansing
Muskegon
lad.—Ft.
13,406,341
39,359,889
\
—.
Jackson—
'
1,281,270,419
1,475,711,978
Flint
Bay
6,016,159;,
6,492,928
k—.
Detroit
;
i
■
-
3,716,954,681
86,064,967
,
+ 10.6
81+17.367
66+28,610
76,131,098
+ 13.0
62+78,019
42,235,314
:
'
+
-~4+
2+72+86
+ 11.5
•
99,509,772
110,061+78
+34.0
2+70+20'
14,235,228
'
5.9
+
1+58+88
1,259*660
18.8
339+53,574
279,223,602
'
9.4
436,502,205
409,513,356
;
37+18,731
8.3
3.1
+
+ 12.2
312,289,847
■■■
11 351.236
47,829,079
5.9
—
13.0
+
13,321,204
,
4,018,301
31,699,122
29,226+26
12.348,000
312,339,509
14,283,000
....
3,671,732
32+54,227
33,023,571
2.2
12,238+12
5.4
+
—
194,400,000
9.3
25,768,798
Miss.—Hattiesburg
Jackson^,—
182,900,000
+
"
•Mobile——
6.8
+
1+26,600,000
1,844.800,000
14,305,433
.
336+37+64 v
"
...:
802,600,000
14,251,623
12,733,452
_
Pte.—Jacksonville
Total
4,"3197690
+ 16.3
13,491.219
+
'
*
4
285,3 *8,984 '
+;
225,451.999
-
65,940,012
?
.
i
Nashville
Tampa...
293,909
District—Atlanta—
Reserve
Ala.—Birmingham
2
'157+69.817
21.4
+
8,119,619
5.1
-r
Sixth
3,123+21
165,500,542
+
1,574,222,870
1,690,775,808
+ 27.1
1,494,813,005
73,442+77
11.0
;
6 319,000
83,832,449
+ 10.9
+
239,049,318
1,545,485,129
(8 cities)
+
3,250,969
251,136,378
26,965,048
49,779.,954
7+66.000
7.8
+
2,927,015
186^394,491
28,560,058
55,190,389
8.4
11,917,806
9.9
"+17.7
102,953,715
24,232,476
1,504.391
+:
+
9,795.000
929,457,427
2.124 + 53
+ 45.4
2.124,439
3,089,879
+ 20.2
i
77,025,000
962,066,753
12,917,598
D. C.—Washington
;18,819,802
91,612,000
2.2
—
26,884,830
Columbia.—
Total
431,864+90-
422.498,051
22,629,196
+ 12.1
37,549,000
42,079,000
I
+ 18.8
8,823,956
*.10,478,757
..
.
Richmond
+
<
Volume
"Number 4681
167
THE COMMERCIAL
-Month
of
1948
Clearings at—
February-
$•
Ninth
<
20,875,959
Rocnester—
•>
8t.
■
Paul
•
5,576,847
...
>
:
3,580,834
:
Fergus Falls—-—i.
D.—Fargo—
,
+ 42.6
Falls
11,139,885
2,781,000
22,050,051
Total
Tentli
Reserve
District—Kansas
+ 11.2
29,155,699
850,424
27,641,704
72,829,039
I 2,368,747
65,900,922
+ 10.5
1,904,491
+ ld.8
3,307,158,216
2,718,237,049
+ 21.7
v
4,337,986
'' 45,706,580
1,069,517,777
-Eleventh
1,790,087
'
•
i,..
+'42.5 :
7.9
-
>
-'-.V
+■•»■.)(
46,110,176
•A
2T052,'770
iTsTiTna
f
38~2
2,*339,627
1,447,71$
+
5.6
6~233,M2
5,278,199
+
8.9
233,282,239
193,544,355
V
308,654,024
,
.
16,139,888
5,262,910,365
4r-
547,602
7.9
283,414
.
501,441
706,736
'
'
132,802
—29.1
448,534
319,673
8.9
5,928,318
4,432,133
0.6
101,341,971
4.4
4,977,627
+22.7
7,404,207
«
7,944,527
—
122,787,966
Z
81,419,540
+ 25.5
•
3.9
6,258,319
'
+ 13.6
/.
-
11,478,820
;
9,355,880
+
•
Z
307,919,246
:
6.8
276,973,166
,
,
11,661,598
<
1"
v
—A.
A
7,903,680
203,444,699
6,724,415
1,507,444
1,142,928
,
*
■
■
■
7,812,273
.
230,690,864
8.9
+
■'
-
;
-
+ 11.2
10,706,075
+ 29.4
+ 59.4
•
3,283,88'.
;m
...
+16.1
+
:
5,993,355
—11.0
■
.
,
+ 13.7
755,159,866
-12,784,997
c—-
504,172
6,741,925
122,046,527"
1,893,664
+ 26.2
4,532,565,294
1,698,865
9.2
+
+11.5
,
1,621,682
+
4.5
470,627,394
+ 16.1
1,552,505
437,726,357
•'+
7.5
'
'
'
•
1,415,634
1,048,809
362,442,013
V„
309,761,163
'
23,970,896
6.8
55,318,154
+•46.6
50,602,366
33,489,387
1,986,439,912
24,906,358
+34.5
1,596,055,641
+ 24.5
148,049,121
+ 28.7
+
:
11,078,543
66,618.938
86,311,186
'
4,304,687
+
7.6
198,270,553
44,652,000
1,683,261,131
+ 25.3
4,782.270
—10.0
8.125,353
+ 51.1
;
,
--A
3,754.958
33,978,002
31,423,505
1,932,021,065
v
1,608,172,353
+ 12.5
21,001,775
5,855.000
1,290,597,130
10,613,077
+ 30.4
9,774,528
8,092,045
73,123,358
66,445,715
.
4,310,579,910
■
M
5,979,543
3,294,119
162,719.000
124,466,000
—15.0
19,363,756
15,131,612
24,712,232
v.
'
4,948,000
—1
+ 50.6
+ 10.1
*'
■
+18.3
.''in
3,048,954
4,637,000
T,~
r*
•
2,623,003
4.6
+
-t
.; +20.8
v.—
8.6
+
17,830,009
7,734,593
+ 20.1
6,192,099
172,002,000
'.
+ 16.7
6.5
+
>
«
38,248,000
8.1
—
6,397,624
207,700,000
176,306,378
"
26,853,662
/
9.3
+
"
190,466.631
+ 18.5
3.509,618
,A—'
+ 28.4
604,760.499
.r
.
12,280.004
—
+ 17.2
18,072,000
757,601,763
,z
Falls
•'•
80,213,341
21,417,000
cities)
;
824.557,474
+ 11.1
'
85,562,575
;
(11
+4,363,936
256,353,499
+ 10.7 ;
755,372,050
"A—
Port Arthur—
Total
—~23~5
7,185,926
8.4
+
—
90,412,081
i
12,858,132
2,374,727,474
92,934,344
3,372,363
160,863,642
14,171,471
•
i
99,233,688
•
8.6:
+:
835,232,882
La.—Shreveport—______
'
-
•*"
*
3,553,0004
■'**
+ 16.2
2,646,789
1,764,328"
+ 13.5
6,572,884
6,065,773
+ 15.8
201,918,972
154,274,832
+ 10.8
78,260,329
—25.4
3,457,787
'
3,426,549,839
8,468,777
+ 25.8
7,464,591
T
252,472,130
217,941,925.
\
Twelfth Federal Reserve District—San Francisco—
x
Wash—Bell'ham—
5
6.0
+•
;•
"
Texarkana——
'!
11,448,223
'
Wichita
\
56,132,016
2,757,491,957
6,558,130
2,069,397,513
16,235,266
'
Galveston
>
2,620,847
'
+ 46.0
5,627,057
25.588,082
.
Houston--
375~2o794t)
District—Dallas—
Dallas
"■
;
336,189,682
+ 17.3
4,227,659
j
344,414,952
2,298,143,912
BT Pa,sox—
Ft. Worth_.
4,581,186
'
81,801,228
V
6,226,864
Beaumont_2A+-_.A-.— -.A—'''«
"■
,
4 3
+
—
1,225,815
7,123,733
371,791,574
Texiue—Austin
•
4,TlT924
2j8~2",956
•
7,591,339
+ 25.8
3,289,206
+ 10.4
43,278,903
116,598,932
cities)
•
+~T.5
53,930,826
102,690,311
•
—
Federal Reserve
f
+ 15.2
5,412,347
^,447,513
1,050,804,708
+ 11.2
39,663,483
——
3r56~9~,6ll
+ 16.2
53/387,838
895,765,051
.
57,577,301
*
-
+ 17.4
Pueblo———:
<15
..
—15.8
40,680,844
Denver—
; Total
1,970,189
1,098,324
29,648,955
"5,179,199
1,180,364,528
i
•
+ 12.8
1,289,603
Okla.—Tuisai—
Colo.—Colorado Springs.
.
413,381,711
2,290,643
— -----
'
.
+""7.3
24,961,368
——
Joseph,
Carthage-;——
d74~53~ 9 4 U
4
"
+ 18.6
+ 16.5
Parsons—.
St.
8.8
23,494,974
,
+19.1
1,698,191
Cans.—Manhattan—
Mo.—Joplin—„-—„—
Kansas City—
537224",928
+ 27.5
23,310,788
20,211,714
5.0
+
:;: +13.5
24~100,45~1
466,306,465
:■
3/229",862
131,771,43+
18.0
1,977,549
—.
27472,435
8.9
+
25,855,943
Wichita
"—To
5.9
+•
8,562,375
"■
5,26~3~753
3,740,940
160,117,000'.^.
.T2"1'4
5~2TO~778
7
4,996,648
5.5
+
71,773,193
1945
$
City
Lincoln
Topeka-
—
5,395,376
'
■.
Hastings
—
.49
5.9
6,364,810
7.5
Neb.—Fremont
Omaha—;—
6,5/0,000
V
1946
3.8
—
212,859,119
87*152*926
or
Dec. 9#
5,759,215
9.1
+
+
965,192
Federal
+
Inc.
$
224,652,135
+11.4
...
6,820,676
2.4
1,204,524,105
1947
;
+ 36.8
25,547,306
47,954,009
+
1,435,061,340
f '
5,540,458
+16.4
8,699,296
9,518,503
U6 cities)—
$
"+25.3
v
49,513,551
6,180,000
;
1948
4.3
27,802,191
52,221,114
+
Falls-.
'
•
1,728.762,
55,157,950
+ 19.1
'
+
8.9
10,255,189
'
(1189)
-Week Ended March 6-
or
+ 18.5
21.523,521
2,395,219
2,575,168
12,217,690
—-
-
Inc.
'
+ 26.6
+
30,625,633
v
1,830,143
5.9
+
2,973,057
Lewlsiown
-
7,764,266
-
+ 14.8
•
10,773,188
a-
CHRONICLE
Dec. 7o
43,930,600
1,791,670,888
8,146,481
612.423,384
7,119,121
712,829,664
+ 12.3
22,080,183
11,729,119
Mont:—Billings
.
'
'
V,
,
3,521,000
3,524,057
Great
45,807,832
2,245,026,601
-
+ 13.2
t
787,554
23,386,473
V. D.—Aberdeen——
Huron
1947
$
+ 23.2
3,189,833
/
904,500
.
.
Grand Forks
Sioux
1948
1.7
+
3,909,776
278,982,208
315,731,968
..
Winona—
W.
or
Dec. '/o
20,533,848
785,771,031
968,278,346
Minneapolis
-
Inc.
$
Reserve District—Mlnneapol
Federal
Minn.—Duluth—_
•
FINANCIAL
-Jan. 1 to Feb. 29-
1947
-
&
4, 469,855
Seattle..-—
•■
Utah—Ogden
Salt Lake
Calif.—Bakersfield-—A
Berkeley..
Long Beach.
Pasadena——AA——
Riverside—j.—„:
;
Total
3rand Total
*■
v.
.
V-
.
'
6.0
•:
'8.3
■'
»'
Notices
preferred
and
common
including those
called
bonds, notes,
were
«-.T: V( Vv'
7
sinking
fund
-.'-'L.',!r';.y:
•
Sand- &
entral
Pacific
eller
"oe
(R.)
Ry.,, 1st -ref/ mtge. -4s,". due
stock.
Lippincott
Coal
onon
\
Co.,V 1st mtge. 5s, due
-
•
leveland
Power Co.—•
1st and«en:
dblatt
9
——Mar 25
y-1V;->
debentures
Union-Terminals Co.,
onnecticut
due
-•
1st mtge.
5VaS,
—/lApr
ser.
A.Apr
1
Co.ylnc.—
'•
,
<
bonds,. 27/e%'
&
Refunding mortgagee 3s,
ublic
1st
Electric
1
9th
Street
10-y.r.
nited
4%
Gas
Co.;
series,
2d
A,
due
due
.
1961—
mtge.
dorp.—
Gas
8s
Electric
Corp.,
Pet Milk. Co.—
* '
1
due
1044
1
;
;
1960
1045
.
—Apr
-
I
7
1
749
852
1961
::
Apr
1
1976-Apr
1
946
—'/Mar 15
1st mtge. 25/eS, due
890
;
(no\v- 1st mtge.)
f7
bds>v due
'
,,,
and collat. trust
2%%" bonds, due 1967_Apr
1
752
1
1089
»•*
307,855,000
Power
'
conv.
•
'
and. second
•Announcement In
'
i
.
j,.
this Issue.
'.+
11.7
5,058,279,562
1
Borrowings decreased $25,000,000 in the
Chicago Dis-y
trict, $13,000,000 in the Atlanta District, and
$38,000,000
§2410
at all
153
reporting member banks.
A summary of the
assets and
member banks follows:
-
1043
165.
-
dVol. 1€4.
1
:
:
'
■
-
i
<
,
'
•
-
:/;/: ;:':'.:7:.^7'7'7'''7 vi:77;7./"\.;7'
1
§Vol.
-
'
10
-May
•/.'-[ii-
^
i
'•"-Assets—;
752 "
v
Commercial,
industrial,
and
agricultural
loans i de¬
$112,000,000, largely in New York City.
increases in holdings of
Treasury certifi¬
7 Substantial
of
United
indebtedness and " decreases in
States Government bonds occurred
holdings
in
most
of
dis¬
Holdings of Treasury bills decreased
$114,000,000
in New York City and
$108,000,000 at all reporting mem¬
ber banks.
Holdings of Treasury notes decreased
$40,000,000. Holdings of "other securities" increased
$44,-
$92,000,000 in the
District, $58,000,000 in the City of Chicago,
$43,000,000; in the St.. Louis District, and
$263,000,000 at
all reporting member
banks, and increased $57,000,000 in
the Cleveland District: Time
deposits increased $34,000,United
States
Government
$81,000,0007 Demand deposits credited
Feb. 25, ;; Mar. 5,
1948
•
•.1947
agricultural
Government
U.
.;
dealers
S.
563
—
—'
171
Real
S.
;77/-77
to
Other
for
purchasing
or
L—
—
Reserve
Cash
of
..
in
deposits
20
3,972
rr
,
108
27,266
4,210.
Reserve Banks—
44
12,957
661
721
•
;
,
...
•
94
2,301
banksJ
14
6621
4.029.)
—
1,343-
—7
1,145
•
}
82 ■-*
+
-
40 7'
■>;
r
}[
912
..
+
-857
2,559
19
7.
+
+•'
/
77 8 V
2,048
vault
Liabilities—
Demand
,
7-\ 4
3,502
-
———_n.„
Balances with domestic
3077
-r
—
233
_——_____r—
with Federal
9
—
3,569
—■
indebtedness-*
.._s.|
bonds-———
securities
935
+« 3,062
•»;
.
+•. ':
+
+V
—
19 .i
33
.
adjusted..
47,296
263
deposits, except Govt..
14,762
34
U. S.
Government
1,083
81
9,026
202
1,361
7
+
25
38
+
52
deposits
+
+
—
deposits
increased
to domestic banks
Domestic
Borrowings
Debits
to
banks
banks
demand
interbank
,\
—
and
during week
220
deposit accounts,
U.
S.
Govt,
except
accounts,
—
22,869
•
—
'
209
1,517 \
Time
Foreign
>
7 •rt >
>
285
.
,
29
+
—'
479
——7
Treasury notes
56
47
'
—
loans
Treasury bills
Other
476
obligations
banks————
Treasury certificates
U./S.
pur-
carrying:
securities
loans
V-
2,630
+
.
obligations-—
355
Government
estate
Loans
/
193
3,912,
+
""7/
securities
Other
•
carrying:
for
\
J
(In millions of dollars)
2,294.
474
1,279
Interbank demand deposits:
San Francisco
and
or
U.
Other loans
•
$44,000,000 in New York City and $51,000,000 at
all reporting member banks.
Loans for purchasing or
carrying United States Government and other securities
and
and
7 chasing
Other
new
redemption.
brokers
,/
.
reporting member:
System in leading cities
shows the following
principal changes for the week
ended March 3: An increase of
$857,000,000 in holdings
of Treasmy certificates of
indebtedness and a decrease
of $1,145,000,000 in
holdings of United States Govern¬
a
to
>
or
Deo. (~+) Blnco
51
Loans
The condition statement of
weekly
of the Federal Reserve
bends, partially reflecting the exchange for
'
■
——" 23,439
(
banks
certificate issue of bonds called for
1948."
63,494
Loans—total
Commercial, industrial,
ment
;7-.7
Loans and Investments—;t-otal—
166.
•-
•
reporting5
7
Inc, (+)
Mar. 3,
••
•'■7:. 77 7'; 777.. 7„ :7
'
•
.
*:
of
I
v
851
.
liabilities
'
'
Apr
4,606,460,945
increased in nearly all districts and
the total increase at
reporting member banks was $202,000,000.
([2142 ;
•;
"
all
Page
debentures, due 1960_Mar22
'
'
,,
J Vol.
4,935,880
6,094,873,586
{2004
v
,
3,106,244
8,112,926
,
515,910,709
Co.—
stocks—
.
10,452,887,302
.£;i
preferred stock
7,546,881
3,221.333
+ 15.7
537,717.345
—Any time
preferred
9,880,204
+ 14.0
11,629,715,090
6,808,161,082
A, due 1948—^Apr
&
+ 19.4
;
7.2
Date
ser;
_
+ 13.6
.
AVaVo. preferred
000
318,046.826
:
.+
CALLED
Heat
383,162,349
649,440,049
Demand deposits adjusted decreased
.
l.95ki.Apr
'
.
I'1'//
4.7
\-
L3,229,702,386
tricts.
-
5,~87Ti04
+
•
737,680,572
+ 12.2
bonds, due 1949—.;.
15-yr.
.
debs.,
Light,
Wheeling & Lake Erife Ry., 5 Va%
[
8,157,056
7T4~4~617
14,182,067,530
6.2
+
58,480,109,673
Rayon Co., Ltd., 6%
decreased
1
Apr
preferred' stock.^iy
Towers; dorp.— r
1st mortgage
117,049,061,769
000,000.
series D,
T/o
....
65,597,832,175
York
cates
7
Navigation Co.—
t. Joseph Light & Power
Co.,
Shovel
'
series
1043
Light Co.—
mortgage 3%s,
hew
'43
/
_
egon-Washington Rr.
'■
l
/stock———Apr
do;,
1970—.Apr
mortgage
124,295,844,687
+ 17.4
creased
1st: mortgage
3'/i"s, due.
lahoma Natural Gas Co.—
1st
1041
1
mortgage 3%,^ -series A bonds, due
1965_Apr
convertible preferred
&. Water
Pago
1
debentures, due 1960-Apr
Coai sMinlng-'Cor, 1st mtge.
5s, due 1958———Apr
Gas
1046
Date
1958—+
Bros.;..Inc.,
arrisrSeybold-Potter
ndiana
942
PARTIAL REDEMPTION
Service; Go,,
elvetia
547
Apr 13
1955
5,757,717,479
401,332,500
Condition Statement of Member Banks
_Mar23
Co.,ybohdS-________^______.______ Apr
Company and'Issue—
ifeies
preferred
6,759,493,785
p
9.9
7,873,571
i
V
"
10,522,107:
:
v
fc 646
1949_v—Mar 29
5 WVo
v
6.1
Page
,
——Mar 22
&.Co„ Inc. class B slock__—
•eeds
/
■},//7';:
.y
debentures,; idue 1949—zA-
E.)'&" Co.,
(Walter
r
14.4
Noma Electric
r
Gravel
convertible
7,404,539
876~5~2~,814
" Z"
-f n
•-
-"jf.
.+
3,504,887
8,569,775
Purchase' money £%
,•
v„;Date
1961-Apr 12;
77o
3,996,154
+
27,884,705'
'
'
Z; ..+ 12.7
9,467,302
+ 14.3
+ 12.9
iENTIRE ISSUE
Company and Issue—
■
.Y-\
oostook
oston
11,304,230
30,993,058
61,371,244
•
Appalachian Power Co., 6% debentures, ser.
A, due 2024-July
1
Butte Electric & Power Co., 1st
mtge. 5s, due 1951—Any time
Denver & Salt Lake Ry., Inc.
mtge. bonds, due 1960
Apr
1
provisions.
given in the "Chronicle."/!111
..notice of tender '
Company and Issue—
35,435, 263
69,294, 690
New
The date indicates, the; redemption or last
daterifor'hvak- [
ing tender?, and the page number gives
which the details
1.3
General
stocks; called for redemption,
under
9.9
+
+ 10.3
z/z
list of corporate
a
+
87,840,874
,+
;
9,611,074
+ 10.9
89,013, 564
v
Z1
V~-j'J
l578~3T,864
+ 14.3
2,399,437 743
r
32,937,154
Z
5.7
+.10.3
Redemption Calls and Sinking Fund
+ 15.1
J
68,417,030
'
+ 12.2
-
68,499,113
3.8
+
+ 11.4
+ 13.2
27,176,824,239
*■'"
620
18,376,607
3,091,658,891
-
54,218,083,234
41,086,014
+ 56.0
;
;
76,124,127
29,787,941
,
477^
64,957,870
+ .3.1
2,684,147,128
29,979,203,326
-
2,526, J.2G
+ 11.8
72,867 769
+
•Estimated.
Below will be found
33,033 721
■
,,
+ 18.1
52,958,037
46,831,161
87,844,720
20,476 627
13.870,401
57,526,018,036
115,457,049
i
-+i 2.6
27,967,524.
•
Dutside New York.,
+
v+
30,149.749
3.070,373,227
.
:
13,494,305
'
292,031
•
-;*j
'
137,055,267
+ 36.6
+ 22.2
86,993 524
'
31, 670,755
(184 cities)—
'
+ 23.1
39,763,956
15
59,187 ,911
53,033,324
.
17.925,933
359,874,869
136,378 ,895
v,'
77,245,62+
>
"
+ 53.4
•/
-
48,610 ,821
40, 986,311
(19 cities)—
17.5
+
+10.1
1,545. 932,045
Stockton;.—-—
24,484 .354
*
051,700
Z
-
790,362,563
439,602 ,020
•; —■ 6.9
8,819,539
1,462,940,098
Santa Barbara
1,212,760 242
+33.5
24.864.218
.
4,365,644;.
+ 17.7
20,457,213
32, 658,498
9
13,786,000
+ 13.6
51,764,770
.
14 297,547
San Francisco
San Jose...
16,225 ooo
95,119,949
+ 38.9
v
40, 666,828
Modesto
-
7,208,201
23 .143.009
3,255,805
30,791,102
+49.2
164,464,097
i.':Z 22,,517,232
iirJ-
i
'
CO 797,805
1
105,403,543
3.7
42,765 323
'
186 857,152
"
-
——
13.7,
—
9.6
+
362.632,227
9 624,007
...
City——
Ariz.—Phoenix
+
+ 12.6
30,703,624
+ 33.5
6,924,000
541 210,922
9,826,736
828,089,793
932,203, 675
29,553, 209 K
*-Az6.1,fc.
14.032,791
:
7, 592,000
Portland—.
11,169 434
+17.9
13,737,374
,
18 736,445
;
7.0
—
'
383,218,062
12, 896,880
Ida.—Boise———-—J.
Dre.—Eugene—
;
4,805,279
451 972,205
Yakima—
555
COMMERCIAL
THE
(1190)
50
FINANCIAL
&
'
DIVIDENDS
Name
i
■'
'
,
week
this
Name
Co.
Eastern
3-
12(4c
3-25
3-15
Corp. com.__—
convertible preferred
37 (4 c
4-
1
3-15
U3c
—
(quar.)
6-
1
4-30
Agnew-Surpass Shoe Stores, Ltd. (quar.)_.
Ahlberg Bearing Co. class A (quar.)
Ainsworth Mfg. Corp. (quar.)
Albemarle Paper Mfg. 6% pfd. (quar.)
preferred
7%
Electric
Allen
(quar.)
Equipment
Amalgamated
Leather
American Alliance
Business
Class
(quar.)
Credit
American
Hardware
American
Insulator
American
_
stock
for
tional
each
will
cash
27 5/6c
$1.12%
-
4-
1
,
:
3-15
3-
3-18
4-
25c
9
3-12
1
4-15
4-
Co.
capital
held.
Frac¬
be
issued,
at
the
but
of
rate
share
of
iquar.)
Fire
News
__
3-16
4-15
"3-19
5-
5-15
25c
Telephone Co.—
4%%
preferred
(quar.)
.1
Armstrong Rubber class A (quar.)_____
5-
Class
B
4?/4 %
Aro
Equipment
Associates
Corp
1
3-17
4-
1
3-17
4-24
4-14
Steels,
Ltd.
(quar.)
Co.,
t25c
_.—
Fund,
Inc.
3-15
4-
1
3-15
4-
1
3-15
-
4-
1
1
3-15
3-30
3-22
20c
Baldwin
Co.,
6 %
6'/o
(quar.)
Bank of New York
Brothers
Barker
4% %>
Binks
Bird
&
'
Co.
(quar.)
(N. Y.)
;
(quar.)
...—,—
—
:
preferred
preferred
4%
3-18
4-
—
3-22
tl2%c
4-15
3-20
3-19
4-
1
3-15
4-
1
3-15
t$l
—
class A (quar.)
3% %
J40c
4-
1;
4-15
3-31
18c
50c
4-15
4-
(quar.)_
62(40
5-15
4-30
62 (4 c
5-15
common
5%
preferred
tl834c
4-30
3-27
Street Investing
Bronx
County Trust Co.
California
5%
Packing
preferred
Corp.,
common
(quar.)________
Refractories—
Canadian
preferred
1st
4V2%
_______—
(s-a)__
:i
preferred
$5
(J.
75c
Flouring
Fibre
Central
Mills
Products
4-
1
3-27
3-19
com.
5-
1
4-
4-
1
3-17
3-30
3-15
50c
100%
25c
iquar.)
Co.
50c
$1.25
'_
____
(quar.)
W.) Co. (stock dividend)
Centennial
4-15
(quar.)__„_
50c
8
3-24
3-17
3-20
3-10
4-
1
3-20
50c
6%
preferred
Ohio
Central
Central Steel
Chadbourn
Common
4V2%
Co.
pfd.
Bar
Circle
Theater
Knitting.
Co.
Investing,
City
Coca-Cola
$2.50
A
Coca-Cola Co.
9
3-19
4-
8
3-18
A
4-
1
3-20
4-
1
pfd.
56 *4 C
5-
1
4-15
RR.
preferred
$6
Jacobs
$4
4-15
3-31
4-15
3-25
$1
(initial)
A
Ltd.—
■
(quar.)__x____
'
Machine
(reduced)
______
Quarterly
&
preferred
7%
(quar.)
Natural
Gas
3-23
62 %c
4-
1
3-15
$1
(Cinn.)
3-
4-
4-
1
3-17
$7.50
4-
1
8
—
(quar.)
(increased)
Corp.
.
preferred
4%
Consolidated
4Vi%
(quar.).
Stores,
Retail
preferred
Consumers
(Indianapolis)
Loan
Gas
of Wheat
Cream
& Sons
Common
6%
Drug
Forster
&
Crum
Common
A
Common
Securities
B
Crystal
(quar.)
1
3-23
$1.50
4-
1
3-20
$1.20
4-
1
3-22
Louisville
75c
3-31
3-19
Tissue
Co._.
:
River
4% %
Davega
5%
Mills,
Stores
preferred
Davenport
(quar.)
Corp.,
common
(initial
Hosiery
quar.)
Mills
Class
B
Lowenstein
Lux
4-26
4-15
Mahoning
Clock
3-17
3-17
3-20
4-15
4-
2
4-15
4-
2
(year-end)
__
25c
4-
1
3-19
$1.12%
——
4-
1
3-19
Pathe
3-5
3-20
3-15
3-31
3-31
75c_
4- 1
4-15
4-15 "
5%
Industries. Inc., 4% pfd. (quar.)
Metal
Products________,
—
3-19
Pittsfield
&
40c
(quar.)_____
(Del.) —
Portis
3-15
.
Laundry
,
Providence
3-18
3-15
3-13
3-13
3-18
3-18
4-15
3-12
3-12
3-12
,
5
1
1
1
~
—/
.
.^
4'A%
Sons,
Mfg.
Coal
(quar.)__
pfd.
Co..
Railroad
Realization,
—
common
.
Common
___^
Marshall-Wells
6%
Co.,
preferred
common....^
$1.50
(quar.)
Massachusetts Northwestern Transportation—
Reduced
t
Max
Factor
&
McAleer Mfg.
5%
50c
3-27
3-20
4-
1
3-20
McBee
50c
4-
1
3-19
McCaskey Register, 4!/2%
3- 9
pfd.
5%
3-19
15c
4-21
3-31
J25c
5-25
4-15
20c
35c
4- 1
4- 1
3-26
(quar.)__
(Dayton*
(quar.)
preferred
Savannah
Atlanta
&
preferred
Railway
Gas
Seattle
Co.
6%
Oil
Gas
&
Steel
Sharon
3-31
3-15'
3-31
3-15
4- 1
3-18
3-15
3-10
4- 1
3-10
3-17
3-10
3-11
50c
,
(increased
4-
iquar.)—
40c
75c
$1.37'A
(quar.)_.—
40c
—___
;
50c
Shurcn
Sioux
Sloan
Smith
37V2c
iquar.)—
(increased)—___j
& Corona Typewriters-——
Zook Co.
&
C.)
(L.
——
Snap-On-Tools Corp.
(quar.)_—
Scrg Paper Co. 5¥2% pfd. iquar.)_____
Colorado
Southern
Speer
Carbon
Power
Co
15c
pfd.
State Street Investment Corp.
Irregular
(quar.)—
____
Corp.
com
preferred (quar.)
—__________
5% preferred (qqar.)—
5% preferred (quar/i——__________
5 % - preferred l quar.)
Stix Baer & Fuller 7% pfd. iquar.)
5%
,
class
Mills
Stonecutter
A
—_____
B
Class
Sunset-McKee
Temple Coal
(quar.)
$6 conv. pfd.
Gas
l'*
3-23'
4- 1
4-15
!
3-16
3-9
3-15
3-12
3-15
3-31
4-15
3-25
J56V4C
5- 1
4-15
35c
3-31
3-15
3-15
6-15
9-15
12-15
3-15
17'/2c
/
—_———
(accum.)——___
25c
4-15
3-31
$1.25
SI.25
$1.25
$1.25
433Ac
3-31
6-30
9-?0
12-31
3-31
10c
10c
3-10
3-10
3-15
3- 3
3- 3
3-25
3- 8
4- 1
4- 1
3-31
3-10
4-1
3-15
15c
25c
3- 5
Transmission—
$1.02%
(quar.)_________——_—$1.06(4
4.10%'
preferred
4.25%
preferred
Pacific Railway—$1
3-31
3-15
Texas
&
4-1
3-15
Third
Canadian
4- 1
1 - 3-26
Ltd., !ccmmon
3-19
4-15
4-15
3-2
3- 2
(Boston) —
——————
Lithograph
3-26
3-31
5-15
5-15
3-5
3- 5'
4-
$1.37
(quar.)
3-19
3-16
3-18
3-19
3- 9
$1.25
V: 50c
25c
—;
Standard Fuel, Ltd. 4(4%
I'1.
(quar,) ___—37 '/aC
City Stock Yards, com,.
3-20
3-31
4-1
4- 1
3-31
<
..
Dohme, Inc. (quar.)
25c
Optical Co. iquar.)____—
35c
Sinclair Oil Corp.
(quar.)25c
Extra' :_i>
^-25c
1
3-15
45c
iquar.)—________
5/ $1.50 participating pfd.
3-22
3-22
50c
(quar.)_
&
Sharp
4- 1
Co.—•
Selected Industries $5.50 prior pfd.
Shamrock
3-17
4-1
4- 1
(quar.)—50c
pfd.
«-10
3-19
s-uP
4-10
$1.25
Iquar.)
Refining
4- 1
s
4-1
4-1
3-19
$5
.
___^——_
5% preferred
Cement
Stores, Inc.,
Santa: Cruz Portland
4-15
(quar.) _$0.140625
6-21
4- 1
:
$1.25
:
preferred
non-cum.
"Safeway
3- 5
3-31
.
12V2c
(quar.)
4-
.
_.(.10c
conv.
25c
3-15
3-12
3-15
4-
$1
Republic Petroleum
(quar.)___
?5c
Reynolds Metals Co., common (irreg.)
:
25c
5%% convertible preierred iquai.i$1.3172
Richman :Brothers
(quar.)
75c
RickeF (B/AW.) & Co. (quar.)__,
5c
Fitter Co^f Inc., .common (quar.)
50c
6%
preferred lquar. 1
:
r
$1.25
St. Louis Rocky Mountain & Paciiic Co.—
Tennessee
15c
3-25
1
1
•
_J_
(quar.) ___i
Insurance
—20c
Co., class A
Co.,
Company
> 3-31
3-31
3-31
3-15
6-1
3-29
4- 1
3-31
___
*
Fire
3-25
4-15
10c
$2.50
Corp.
Reliable
4-15
4-15
3-15
.
35c
& Timber, (increased)
Fund-_——
Co.
Power
Quebec
Reece
3-19
3-22
3-15
(George)
Putnam
#
Co._
Pulp
Sound
Puget
3-15
3-15
3-18
$2
10c
Worcester rRR.__—V:
&
3-23
45c
(quar.)—
Co.__——______—
Gas
3-20
3-19
3-16
4- 1
4- 1
,
$1
(quar.)
Inc.
preferred
Gamble,-8%
Providence
$1/
30c
Electric
General
&
Procter
Progress
3-23
3-19
3-20
3-18
3-16
Industries,
Style
Portland
^
,
Stecher-Traung
37'/2C
25c
$1.07
30c
$12.50
__.
3-29
(quar.) __________J—
Mfg. Co. (quar.)
Pocahontas (increased)
Creek
3-12
4-15
3-30
Atwood
Pond
4-1'
1
$3.75
(irreg.)
Coal" Gas
Plume
4-20
5- 1
3-24
40o
50c
—_____
—
Railroad
4-
4-16
3-15
3-24
3-19
3-20
3-15
3-19
3-17
Trusts—
Philadelphia & Western RR. Co. (special)
Pierce Governor Co.
(increased)
3-19
4- 1
4- 1
4- 1
5c
(quar.)_
pfd.
3-18
$1
(increased)
conv.
Pennsylvania Co. for Banking &
Quarterly
Pennsylvania
3-31
55c
20c
2'Ac
Co.
Express
Corp.
Co.,
Peninsular
Electric
&
(M.)
(quar.)
com.
(quar.)
(quar.)
3-19
15c
!
Ge.s
3-10
3-30
—____
—
prefened
A
1
3-31
____
$1 conv. pfd. (quar.)__
Theatres, Ltd. (quar.)_____
Longines-Wittnauer Watch Co.,
1
3-31
____—
—
___.
(Marcus)
4-
$1.12%
—________—
common——.—
preferred
Loew's
4-
15c
62V»c
25c
62V2C
5c
50c
25c
t$l
15c
30c
—
iquar.)
(quar.)
(quar.)
Oil
25c
30c
3-27
4-2
4- 1
4-1
4- 1
3-10
—25c
(quar.)
Inc.
Lion
Mar-Tex
Cudahy Packing Co., common (quar.)_.
4% %
preferred (quar.) ____________
Dan
Lessings,
$1.50
30c
Chemical
3-23
4-16
12V2c"
—
3-26
3-26
20c
4-
——
Motors
Paramount
4- 5
5-1
5- 1
4- 1
—______
Intel-mountain
Pacific
3-15
2-27
50c
(resumed)—
Cat\,,Co.
4- 1
3-15
25c
3
iquar.)
A
11^15
3-15
—
Pacific
3-15
30c
(irreg.)
B
4-1
4- 1
1
Corp.—
class
Co
Brewing
Pabst
class
12-1
4-
5C
convertible
—
——
Carbons
&
Filters,
5c
t$2
—
Ribbon
United
$1
(quar.)_
(quar.)
Lipe-Rollway Corp.,
Class
;—
$2
Ltd._i.__
Co.,
Sugar
Town
Oliver
4- 1
4- 1
25c
15c
*
5c
3-18
1
partic. pfd. (quar.)
Co,_t_—________—____—___
Oahu
Old
(quar. I--AA
preferred
3-15
3-15
3-22
3-22
3-22
5-15
3-15
3-18
(quar.)
$2
;
(quar.)____^.
O'Suliivar. Rubber Corp. (Va.)—?
5%
3-20
Co.—
RR.
iquar.)
Novadel-Agene Corp.
5%
common.
common
preferred
1
Blackwell $1
&
Worcester
&
preferred
8%
3-20
3-20
3-20
3-12
4- 1
Co.—
—
4-20
4-20
4- 1
4- 1
4- 1
6-1
Co.,
&
3-31
Works—
(irreg.)
preferred
Crown
Loom
Sessions,
preferred
$2.50
Leath
4- 1
-
Knowles
&
4-
—
Norwich
3- 2
y
3-30
50c
Cement
Portland
15c
40c
(initial)
preferred
States
Quarterly
4-15
3-31
3-31
3-30
4- 1
Lamson
53c
(quar.)
(quar.)
convertible
414%
Northwestern
3-15
3-15
3-15
3-19
3-15
3-17
2-28
5-10
3-23
3-18
3-20
3-23
3-20
3-20
3- 8
3-31*
3-15
3-10
3-16
3-24
40c
(N. Y.)
pl'd.
4-15
3- 1
Public Service—
Indiana
Northern
4- 1
4- 1
4-r 1
30c
$1
Niagara "Alkali
$1.25
$1.25
50c
Kelley Island Lime & Transportation Co.__
.
25c
Kelling Nut Co., 6% preferred (quar.)__—y
30c
Kerite Company
(quar.)—
50c
Kittaning Telephone Co.
<quar.)_
>:
50c
Kress <S. H.)
& Co. (quar.) ______—______
50c
Kroehler Mfg., 4preferred A (quar.)
$1.12!/2
Lambert Co.
(quar.)
^ 37'/2C
—
(quar.)__
Corp.
&
Crompton
Crosse
6%
6-15
3-17
5- 1
3-15
Savannah. Sugar
____
•____.
(Toronto)
(C. B.)
6-30
3-27
9334c
35c
Schlage Lock Co. (increased quar.)
Scudder Stevens & Clark Fund (irreg.)
$2.50
(reduced)
Inc.
Continental Bank & Trust Co.
Cottrell
4-20
—
(quar.)
Co.
3-17
5-15
87 %c
(quar.)
Colgate-Palmolive-Peet Co.,. com.,
$3.50
pieferred
(quar.)_.
Commonwealth
1
50c
(increased)__
3-10
50c
preferred (quar.)
Co,_______—
Co., 33A%
3-15
—
International
Coca-Cola
4-15
4-15
-—:
preferred
7%
3-15
preferred
3-31
3-31
4- 1
Ltd.,
4- 1
prior
3 31
4-15
4-15
5c
Fund
Trust
4- 1
preferred
(quar.)
(Geo. E.), $5 prior preferred
4-15
4-15
t$1.75
$1.0614
iWm.l,
5c
junior
2-28
3-31
3-31
3-31
3-31
Mutual
Co.—
(quar.)
Extra
Keith
2-28
5c
_______
20c
Common
2-23
3-15
.-■3-'15
5c
Common
$1.25
$1.50
$1.75
.
3-15
$1.37%
(quar.)
First
3-17
1
4444-
.
tl7c
(quar.)
(quar.)
—________!
5% preferred
Electric, $6 preferred
Power,
2-23
4c
series—
New
Ltd.—
———
Gas
Kansas
$1.50
62'/2c
37'/2C
$1.50
$1.75
—
—
Kansas Electric
>
4- 1
4-15
4- 1
4- 1
4- 1
4-30
3-26
3-26
3-26
60c
__
preferred (quar.)
Journal Publishing Co. of Ottawa,
"7%
3-15
3-15
7c
—
Stock
—
Neilson
.
50c
$1.50
common
shares
Founders
'■
,,
30c
preferred <quar.)__
(reduced)
Co.,
Brothers,
3-19
3-19
4-, I,
A'b
5- 1
3-30
4- 1
3-31
.,3-31
t25c
50c
12V2C
20c
1:75c
—
Stores
(quar.)
5%
L.)
(F.
Jenkins
2-28
2-28
5c
3-31 v;
56'Ac
"t
Department
2-28
3-15
3-15
distributions.
4-15
3-31
9c
4-15
3-31
shares
5-1 *^
5-15
$1.18%
-"r.V-'A V-v
(quar.)
Interstate Telephone, $6 preferred (quar.)—
Island Cieek Coal Co., new com. (initial)
Interstate
3-20
3-20
5c
.'
series
shares
Stee)
.
Sewing
scries
Bond
10
3-20
of such
—
3-31
20c
•
(quar.)
$2
t50c
(irreg.)
Ltd.
Co.,
^
20c
(quar.)
Telephone—
Button-Hole
International
$5
Pacific
&
preferred
Corp.
Baking
Metal
3-15
4-1
62V2c
(quar.)-.
common
Inc., (interim)
Investors,
Inter-City
3-20
3-22
estimates
are
.
shares
;V;V
(increased)
Ingersoll Machine & Tool, class A (quar.)—
Inland
Automobile
3-31
-
$12'/2C
50c
93%c
__
:
Co.,
Common
Park
$2
Independent Pneumatic Tool Co.
3-20
Corp.—
Ltd. class
(irreg.)
5%%
Botting
class
4-
.
—__
—
Commercial
Kansas-Nebraska
Paul
St.
series
for
vtc.
50c
10c
(quar.)
(quar.)__
Milwaukee
Circle
3-20
56*40
quar.)
preferred
Investment
conv
Chicago
3-20
1
Mills—
(increased
conv.
4%%>
Wire__
&
Hosiery
Store
Chain
1
(quar.)
1
4-
15c
Products Co.
S)eel
4-
37 %c
(quar.)
.__
(quar.)_
(quar.)
A
$4;75 preferred (quar.)
Imperial Tobacco Co. of Canada,
4%
preferred
(quar.)
Co.
$1.12(4
Corp.
Carter
(quar.)
1*
.
(quar.)
Capital Administration, Ltd.—
'$3 preferred A (quar.)
Carolina Power & Light com
Carpel
3-19
:
(quar.)
preferred
$2.25
class
common
(initial)
New
4-30
Canadian Converters Co., Ltd. class A (quar.)
Broad
1
3-31
4-
Natural
.;
—_
(quar.)
J.)
Low-Priced
be.ow
series
Low-Priced
4-16
5- 1 ::V;„ 4-16
'
5-20
6-1
5-20
4- 1
3-19
4-25
3-31
4- 1
3-13
4- 1;A. 3-18
50c ;
•
*r
quar.)_J
(quar.)
Gas Corp.—
Hussmann-Refrigerator
Illinois
(N.
Ltd,,
W.),
eferred
pi
Houston
,
Baking
Finance Corp.,
Household
3-20
3-31
50c
A.
com.__
4-15
30c
(Frank
Horner
3-17
3-17
4-
50c
—_____:
(quar.)
1
1
3-31
4-
87 (4 c
Hardart
&
Horn
2
$1.25
(quar.)
(quar.)__
Columbia Power, Ltd.
1
4-16
^
50c
lc
50c
75c
Home
Telephone
&
Telegraph
Co.
(Fort ;:iv
Wayne, Ind.)
(quar.)
$1
Honolulu Rapid Transit, 5%
pfd. (quar.)—
12Vhc
3-19
4-
Speculative
3-19
3-25
3-12 »
3-31
,3-31;/::
3-31
4-26
35c.
—V
(increased
3- 8
3
5c
;
—,
3-19
3-10
60
—
—J
amounts shown
The
25c;V.s6- 1
(quar.)
Holmes (D. H.)
Co., Ltd.__i
Holophane Co., Inc. (irreg.) ___!._J__
shares
shares
3-25
4c
6c
Building shares
Chemical
'Qil
<
9c
——-
.
Bond
4-
8c
C
(quar.)
preference
Co.
Furnace
/■
r
1
3-15
3-22
10c
'
series—
shares
Aviation
4-
3-15
12c
-—l...
Stock
Newberry (J. J.)
;
r
—
series
Income
11-23
,
Institutional ' series
Industrial
8-23
4- 1
4- 1
30c
(s-a)_
V-V'
23
2
5-22
-
3714c
1
.*___
preferred
6%
nd—
3-19
4-15
3-25
6-25
9-25
4- 5
15c
$1
(quar.)v-
F
Trv.st
quar.)'____
Co.,
Stamping
Jersey Water, $4.25 preferred A iquar.)
New York & Honduras Rosario Mining Co
50c
(quar.)
common
(initial
common
4- 1
5- 1
4- 1
7- 1
10- 1
4-15
$1.37'/a
common
N;w
3- 8
30c
:
(quar.)_
Development
Holly
3-15
3-31
Products,
Corp.,
convertible
Holland
3-15
3-29
Steel
Hotels
4%
3-20
75c
(quar.)________
Electric, Ltd.—
A
Columbia
British
1
3-29
(quar.)
(quar..)
common
convertible preferred B
6%
Hilton
3-22
4-
Co.,
preferred (quar.)__
Vz '//■
preferred iquar.)
Hercules
3-22
20c
_
5
.'3-19
1
$32 (4c
Ltd. com.
Co.
Manufacturing
British
1
3-31
30c
Mfg.
preferred
$2
..
Cordage Co.,
1st
$1.30
Brillo
4-
4-
$1.05
(quar.)
Borg (Geo. W.) Corp. tquar.)
1
Borg-Warner Corp.
com._____
3%%> preferred (quar.)
Boston Storage Warehouse
(quar.)
Briggs
$3.50
&
Pressure
5-15
3-15
3-31
4- 1
25c
-
1
4- 1
3-15
$1.25
$3
Y.
Co. of N.
Ltd.
Co.,
E.)
___i—.
(s-a)
4%
12-31
25c
preferred
Brantford
9-30
13-18
10c
(quar.)
Co.
Birmingham Electric Co. com
4.20%
10-15
$1.50
1-•15-49
4- 1
30c'
37 (4 c
Inc
Son,
6-30
56 (4c
(quar.)___
com.
(quar.)
Co.
7-15
15c
Corp.
preferred
Mfg.
Machine
Bird
$1.50
.
(Walter
Heller
preferred
National
,
* 4-5
3-15
4- 1
15c
.4
3-15
1
4-
$1
(quar.)
Cooker Co.—
3-19
3-17
4-
15c
(quar.)
(quar.)
Insurance
Electric
Hawaiian
3-31
$1.50
:
______
(quar.)
Manhattan
of
Bank
(quar.)
4-15
Fire
Hanover
3-22
$1.50
(quar.)
preferred
6%
preferred
preferred
preferred
6%
3-30
,•
25c
(quar.)
1st preferred (quar.)—.
preferred
1st
Stamping
Bearing
3-15
4-15
Co.50c
1214c
4-1
3-31
>
t$3.75
50c
$1.25
$1.25
5%
-Motor
3-10
3-19?
3
t25c
preferred ' (quar.-)
National
3-15
6-12
9-12
12-12
,
57 tic
(quar.)__'
3-22
'8*12
12c
(s-a)_
3-' 9
3-31,v.
common.—
4- 6
'
6-
•
12c
,Ltd.
preferred
&
Box
Co.,
3-31
25c
25c
^
5%
64'
3-15
4-1
?,
,
3-20^
"
_
(quar.)_-.
______________________
Enameling
Glass
National
3-29
3-23
$2.30
Co.,
Folding
National
4- 1
93%c
5%
1st preferred
Griscom-Russell, 6%
3-18
4-
9c
com._____
Co.
T.)
lc
.
iquar.)
3-20
4- 1
4-15
preferred (quar.) ___________—_—
Engineering Works (irreg.)___,
Great V/est Life Assurance Co. (Winnipeg) —
Griggs Cooper,
1
37(4c
(quar.)
Mills
Axe-Houghton
(irreg.)_:
(Del.), common
Co.
Griess-Pfleger Tanning Co.
8c
pfd.
& Sons 6%
(B. F.)
Avondale
Steel
V.
pieierred A
Mfg.
National
3-15
4-15
3-20
4-16
3-15
v , $1
$1.75
tl5c
37'/2c
Lakes
Quarterly
t40c
_—
(quar.)
—'
3% %
Great
3-20
4-
tl5c
(quar.)—
A
^
Ltd. (quar.)
City
(W.
Grant
4-15
1
tlOc
class
Granite
Ltd.—
Participating
B
3-31
5-
50c
(increased quar.)_
Products
partic.
15c
!
__
Investment Co.
Fabric
Avery
4-
59 %c
iquar.)
9
5-15
12c
3-15 '.
3-15
25c
Tubes
Grand & Toy,
3-17
25c
preferred
Auto
Class
4-
1
(quar.)
convertible
Atlas
60c
1
4-
Corp..
Co
A.)
6-3
12c
4- 1 •
4- 1
4-1
5-1
3-31.;%
5- I V
25c
10c
30c
______
Fisheries, Ltd. (quar.)_
Goulds Pumps. 7% preferred
(accum.)
Anglo-Canadian
5-
(quar.)
Gorton-Pew
5
25c
(S.
Steel
Globe
156*4
pfd.
$1
Corp.,
Reinsurance
General
Gerrard
(bi-monthly)
Co.
4-15
3-31
Co.—
Insurance
Initial
American
1
50c
37 (4 c
Paint
3-19
(quar.I
4- 1'
t$1.50
$1 conv. 2nd preferred (quar.) —
General Plywood Corp.
(initial) ___________
4-15
3-20
4- 1
4- 1
3-20
4- 1
4- 1
4-1
4-1
preferred A (initial quar.)__i_
preferred A;' iquar,);
;____
National
'>'»<
3-20
3-3J
,
preferred A
National
(/'•>, $3-
.
*
_
V 10c
4-w_- ?■'
_i____u^_
-
Nanaimo-Duncan '-Utilities,
--v'''/• / $2fv« ,•-4/$ *.<•;/. 3-12
(quar.)
3-15
,
3-30
4.80%
4.«di>
Rubber.——
&
Tire
General
De¬
5-1
4.80%
Nashua
3-22
; 50ct,:,.
.(quar.)
N;., Y.
.
;
Extra
y
3-22'
10c
of
Murphy Paint Co., Ltd. iquar.)'_L;ru^hii.__:L4l>;-^20c
Mutual Telephone Co, (Hawaii)—
;
4^-t.f-;• 3-24
3-23
3-20
4- 1
15c
60c
Mid-States Shoe Co. (quar.)
35c
Mobile Gas Service, common
(quar.)3714c
4.99%
preferred (quar.)
$1,221/2
Montena-Da''Ota
Uti.it es Co.,
cominon_w_'_
2uc
$4.20
preferred
(quar.):_______^__I.
$1.05
Mount
Diablo
Oil
Mining &
Development
,'V ;
Co.
(quar.)
lcV
3-20
.
20c
6%
preferred
(quar.)_:_
—
75c
Franklin
Process
Co.
(irreg.)——_—75c
Gabriel Co., 5%
preferred (quar.)
12%c
Garlock Packing Co. (quar.)________
25c
General
Baking
Co
15c
10c
National
American
.4- .tj
12 '/2c
—?
(quar.)$6..
Y.
01 Re c.
"*3-15
.•> 4- lj
;•
Forming Corp., new common (initial)
Mickelberry's Food Products, common——
$2.40
preferred
(quar.)
—
*.—*.
N.
£c
;''A 25c
■
Metal
3-19
Foremost
stock.
6%
preferred' (quar.)_
American Metal Products
Y.)
(N.
Co.
Trust
15c
,
4.80%
Foreign Light & Power, 6% 1st pfd. (quar.)
Dairies, Inc., common (quar.)—_
1
,
l/75th
3-31
iquar.)
Bank
3-19
15c
___
Pennsylvania
of
3-30
Qo.
Acceptancs,, c>ass
Extra
3-12
$foA^4-i-2.0¥(';r-'4-' S
First Colony Corp., new common (initial)
.
10c
3-20 y
3- 9
First National Bank (N. Y.)
(quar.) ___—i»$20l o 4- 1:
3-15
Fisher Brothers, $5 preferred (quar.)1
$1.25
4- 1
3-24
Florida Power & Light, 4%% pfd. (quar.)__
$1.12Vz
6^ 1'5-T1
3-16
3-31
&
Bank of
Co.
Firestone
3-16
25c
(quar.)
—
Avenue
Extra '
3-15
1
—
not
each
Edison
troit
4-
(irreg.)
distributed
be
for
Fifth
$1.75
shares
75
3-31
6c
30c
——
Edison
will
4-15
Quarterly
3-25
4-20
&
Merchants
3-31
20c
Johnson
:
Co.
Merchants
3-31
12%c
__
1
4- 1
4-1
:-4- 1 >•
4- 1
4- 1
Machine
j'1 isxr.ra
;
Holders
When
Per
•
Payable
Mead
3-20
3-20
3-15
3-10
3-20r" 3-10
3-31
3-16
4-15
.3-31
4- 84 > 3-19
4-23,
3-31
4-20"
'' ;
•
Share
(see Max Factor)
Inc.
Bank
Federation
3-20
3-19
Finance
(quar.)—
shares
1
■
4- 2.
4- 1
4- 1
3-31,/
—
(quar.)
Co.
&
Flocks,
Fashion
r
25c
(Max)
Factor
4-15
25c
_
Corp.
Detroit
of
3-20
4-
—
Light & Traction
(stock dividend)
share
1
:
___
(quar.)
Products
Evans
Corp.—
Common
One
4-
$1.75
(quar.)—
;
(quar.)_
3-20
(quar.)
preferred
80c
3-20
1
3-30
'
(quar.)
:___
25c
McKee (A. G.)
& Co., class B..__li__-y-;__—
50c
McQuay-Norris Mfg. Co., common ;(quar.)__
35c
4'A%
preferred
(quar.)$1.06(4
McKay
.
B
Class
3-20
3
4-
20c
prior preferred (quar.)___________
American Dairies, Inc. com. (quar.)
preferred
1
4-
_
4(4%
7%>
4-
25c
Inc.—
American Crystal Sugar com—
,
834c
__
(quar.)
Cos.,
Insurance
American
A
__
_
1
$1.50
——
25c
$1 preferred
(quar.) ________—_
25o
Economic Investment Trust,
Ltd; (irreg.)._^/ / $1.20
Ecuadorian
Corp.
(quar.)
12%c V
Egry Register Co., 5% % pfd. (quar.)
,$1.37%
Electric Storage Battery Co
75c
Empire Brass Mfg., Ltd., class A (quar.)
$25c ;
Empire Trust Co. (N. Y.)
(quar.)
75c
Employees Credit, class A
25c
Common
Holders
3-10
(quar.)
Corp.
(stock dividend).-*
Racing Association, Inc.—
Duplan
Payable of Rec.
5c
Aerovox
6%
When
Per
(irreg.)
International
Dunhill
are:
Share
of Company
Stock
Acme
4%
3-15
3-15
3 33
3-17
3-10
3-20
3- 5
3-22
3-19
& Lomason (quar.)___________
7%c
Duff-Norton Mfg. Co. (quar.)40c
declared.
announced
25c
4-5
4- 1
4-30
3-31
4-1
3-31
3-15
3-29
Corp.. (quar.)
i,v
■..
Name 0} Company
3-10
(quar.)_,
Tneatres
Holder t
3-29,,
Douglas
paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
dividends
Cot
Mfg.
District
Monday, March 15, 1948
Payable of Rec.
<
.1—5c
20c
Dome Mines, Ltd..
«
t25c
Dominguez Oil Fields Co
—
'
45c
Donnell & Mudge, Ltd.
(initial iquar.)
J20c
Decker
are
which have not yet been
The
When
Per
Share
of Company
Maileable Iron___———25c
Dayton
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
Dividends
CHRONICLE
(quar.)
General
—
Investment
3-10
3-24
Trust,
—1—
$20c
Volume 167
Number 4681
•: THE
&
FINANCIAL
CHRONICLE
(1191)
51
'
When
Per
'
Name 0}
Company
:
.
;
Ltd;*;(quar.):;--v-i--—-4—1
imely Clothes,
'.[Tip Top Canners,. Ltd. class A
Toledo
Edison,
4% %
preferred
(quar.)
4-
4-
1
I
4-
1
l»:
Fruit:. COV
Co.,
•'
each
shares
,
of
will
be
tributed
at
3-18
&
.
the
rate
tion
stock.
T,%
3.90%
Traction
of
t
7%
pre.erred
'
6.36%
preferred
0.36%
'
58Vic
U.
S.
Foil
U.
U.
4*
1
5-
1
American
.
1
Class
4-15
4-
3-18
5-
50c
3-18
.
62'Ac
4-
5
5
$6
Co.,
20c
4- 7
4-
7
$1.75
preferred
&
S.
common
preferred
^resumed)'
4-
1
(quar.)
$4.50
(Jo.,
5%
3-19*
American
4-15
:
Service
American
Preferred
6%
3-19.1
01:
Steel
Co.
3-15
American
Sugar
5%
preferred
v
lquar.)_
preferred
Wagner
7 %
Corp.
Extra
3-20
American
3-10
American
1* 3-10
A
12-10
4-
Westmoreland Water $6 pfd.
(J.
Woodward
B.)
Iron
Co.
(quar.)
3-16
3-12
3-15
Anchor
3-31
3-23
3-15
4-
3-15.
1
Post
3-19
3-10
Arizona
4-21
4-15
50c
'4-
•
3-31
1
3-20
being given in
'•
Per
Name of Company
,
T.
A.
$1 RO
Paper Co, Ltd.—
preferred iquar.)
$2.50
prior
,-Class
A
Acme
Products
v
$5
convertible
partic
Edison
Life. Insurance
Standard
Agricultural
%
Co.,'common
Co..
<5%
&
r-5%
Alabama
&
t4!/4'%
&
(quar.)
Laboratories,
Inc.
;
(quar.)
Mfg.
Co.
4%'
Co.,
common
6%
Note
Can
5%
Chicle
&
merican
3V2%
Coach
5
4-
1
1
common
4-
1
4-20
3-31
1
4-
1
3-25
75c
3-29
1
3-
4-
1
3-
8*
$1.75
4-
1
3-18*
35c
1
3-15
3-
3-
5
3-15
3-
1
$1.25
Body
„_IH
Co.
Co.,
common
(quar.)__
Factors,
Felt
preferred
Co.,
Co.
Ltd
$1.50
3-31
3-15
3-31
3-19
3-15
3-
1
25c
4-
1
;
3-
4
4-
1
3-
4
$1.50
A
(quar.)
(quar.)
common
1
87'Ac
preferred
Express
1
3-
30c
(quar.)
Cyanamid
3-
25c
Co
Colortype
3-15
3-15
4-
1
3-19
3-15
2-27
30c
75c
—
(quar.)
I
$1.50
? -15
3-
4-
3-15
1
5
$4
of
4-
3-25
Brown
Shoe
3-
Bruce
(E.
8
3-15
3-15
6-1
4-30
6-
4-30
•
1
3%%
2-14
1
3-15'
1
Bruck
Co.
preferred
3-15
3-15
3-15
3-10
Bulova
Burd
Co.
1
3-15
3-l:
C.
3-15
3-
1
5-
6
6-
$1
2
.
.
5-1
4-
3-15
Water
I.
T.
3-20
5
3 31
2-21
3-25
33-
25c
4-
1
4-
50c
>
1
25c
37V2C
Calumet
Refractories
5%
&
(Ludwig)
Lomb
Cigars,
Beatrice
3%%
Beech
10-
3-19
3-
4-
1
Creek
Ties,
RR.
Co.
Belding-Corticelli,
preferred
6%
4-20
$1.50
3-10
Ltd,,
4-1
3-4
Canada
1
3-17
3-15
2-28
3-15
2-28
10c
3-15
4-
50c
4-
1
A
3-
4
Class
3-15
3-
4-
1
3-12
t60c
4-
60c
1
3-15
-
$1
1
$1.75
3-
5
Canadian
40c
3-26
2-28
4-
1
2-29
t$1.50
(quar.)
6%
|$1.75
4-
1
2-29
tl5c
*4-
1
3-1*5
4%%
t25c
4-
1
3-15
Canadian
Bell Telephone Co; of Canada
(quar.).__
Belleterre Quebec Mines, Ltd. (s-aj
;
t$2
4-15
3-15
tlOc
3-15
2-16
convertible
1
3-10
4-16
4-15
3-12
3-15
2-20
1
3-
3
3-21
3-10
3-
25c
3-15
3-- 1
50c
4W
3-10
8-15
3-
50c
Life
3-15
3-
1
10c
3-19
3-
5
4-
3-20
4-
1
3-15
1
Insurance—
Copper
343Ac.
20c
—
62V2C
$$1.12%
$62Vac
—
1
1
3-31
3-15
3-26
3-16
4-
3-16
1
$32%c
4-
1
4-
1
3-20
3-
5
3-
5
2-20
3-20
3-
15c
4-
1
3-15*
$1.06%
4-
1
3-15*
$10c
1
$40c
4-15
3-31
$30c
4-15
3-31
3-15
2-27
$50c
3-15
2-14
$15c
is-a)__
(quar.)
*(quar.)_
(s-a)
Corp.
4-26
3-19
$75c
4-
1
3-
1
$25c
(Toronto)
4-
1
3-
1
4-
1
3-15
3-15
—
Co., Ltd.—
2-29
Ltd.,.
3-15
2-29
$f0c
(quar.)—
4-
2-27
5-
1
1
•
(quar.)—
$50c
4-
9
$$1.25
5-
1
4-
9
common
Ltd.,
(quar,)—
$31'Ac
4-
1
3-10
$25c
4-
1
3-10
5c
4-
1
3-10
com.
(quar.)
—
$15c
_____
(quar.)
3-10
1
3-10
$75c
3-31
3-16
$25c
common
1
4-
3-31
3-16
$433Ac
Ltd.,
4-
$10c
(quar.)
(quar.)_
Ltd.,
3-31
3-16
$55c
4-
1
3-
1
$50c
4-
1
3-
1
$30c
common
(quar.)__
.—
4-
1
3-
1
(quar.)
Products,
Ltd.,
com.
Foreign
Quarterly
General
A (quar.)—
(quar.)
Investment
—
Electric
Corp.,
1
2-27
4-
1
2-27
4-
1
2-27
Ltd.—
$75c
^
Co.
4-
$183/4c
$25c
$$1.12'/2
(quar.)
class
preference
Canadian
3-19
4
3-15
—
Canadian Food
$1
1
3-19
63c
—
Cottons,
preferred
j___
4-
1
60c
(quar.)
preferred
1
preferred
Belgium Glove & Hosiery Co. of Canada, Ltd.
Common^ (quar.)
5%, preferred (quar.).
3-19"
$2.50
Ltd.
Co.,
Celanese,
Extra
3-19
1
$$1
preferred
preferred
3-
4-
1
4-
iquar.)
(quar.)
non-cum.
3-15
4-
$25c
Canners,
Participating
Canadian
4-
31'Ac
(increased)
(reduced)
preferred
50c
1
pfd.
Participating
1
3-12
84%c
$2.50
Ltd.
Cable
Bronze
1
12'/2c
&
Canadian
4-1
2-27
15c
(reduced)
5*
4-
3-15
$5c
;
5*
3-16
3-15
5%
23/4 %
(s-a)
conv.
Mtge.
3-
50c
2-25
1
$$2
Wire
1st
1
3-15
4-
Ltd.—
3-
5%
3-10
11c
$1.75
common
Power
3-26
1
4-
$15c
$1.50
Forgings, Ltd.—
Co.,
4-
5%
3-10
$37'Ac
&
Permanent
Canadian
3-20
20c
Ltd., com.
preferred (s-a)
Breweries,
1
3-12
3-16'
50c
(s-a)
B
3-19
1
4-
3-30
31V4C
(quar.)—
Foundries,
Packers,
A*
4-1
90c
1
(quar.)_
participating class A
Class
3-16
15c
Quarteily
Canada
3-16
2-18
$35c
(quar.)
B
1
3-15
3-30
Ltd.—
Canadian
$1
common
4-
$1.75
1'
20c
———
5Va %
3-10
37V2C
(quar.)„
lion
Class
3-15
(quar.)
3-16
,
(quar.)
Foundries
Canada
1
3-10
1
4-
quar.).
1
J
Consolidated
Co.,
4-
1
4-
25c
(quar.)
4-
(quar.)
(quar.)
Malting
common...
(quar.)
35c
2-16
75c
Co.,
non-cum.
Class
3-19
Inc.
3-20
10c
B
Service
Northern
3-31
(increased
1
;
com.
preferred
B
Canada
t25c
-»
4-
Dry Ginger Ale, common
preferred
(quar.)
Canada
4-
45c
(quar.)
3-
$1.25
(s-a)
3-9
25c
Co., common
preferred
(quar.)
3-15
Cement Co., Ltd., $1.30 pref. (quar.)
Crushed Stone, Ltd. (quar.)__
Canada
4
(quar.)
Foods
Brummell
1st
$4.25
9-14
40c
(quar.)
Inc
25c
(quar.)
Co,
Power,
S.)
Bread
Canada
12-14
(A.
class
$1.75
.
3-12
3-15
(quar.)
(s-a)
preferred
Canada
6-8
1
$1.12V2
Co.
Optical,
Beech-Nut; Packing
7%
7-1
1-2-49
50c
&
Beatty Brothers, Ltd.
Beau
$2.50
3-10
$1.25
•
3-12
3-31
.
Utilities,
(quar.)
Hecla
preferred
Campbell
3-9
83/4c
Co., common
preferred (quar.)
4%- preferred
Bayuk
3-27
8%c
—
3-12
3-31'
•
&
Canada
Mfg.
4%%
4-
4-1
83/4c
(quar.)
3-31
25c
pfd. <quar.)_
Camden Refrigerating & Terminals Co.—
3-5
83/4c
Co.
4-15
25c
—•
75c
pfd.
Mills
Camden Forge Co.,
3-13
$2.50
(quar.)__
4-30
Co
Canada
Ltd.
3-15
90c
(quar,)___.
pfd. (accum.)
dividend)
Special
3-15
3-30
25c
Canada,
3-15
1
Semi-annual
1
75c
of
3-15
1
:
California-Western* States
8
3-15
tl2%c
Co.
1
4-
2
50c
Ink
Pacific
2-21
(quar.)
4-
4-
$1
2-28
(Holding), Ltd.—
Electric
$1
Y.)
3-15
7%
Corp.
Ootton
preferred
California* Water
RR.—
(N.
1
common
preferred
7%
Financial
5%
3-16
3-15
Corp
4-
___
$1.25
20c
$30c
common
preference
Canada
Co.
Co.,
California
2-27
3-15
_
3-15
(quar.)
California
—
iquar.)
1
933/4c
(stock
Co.,
Wireless
&
3-10
Asphalt
H.)
California
2-20
JlOc
(quar.)
3-
4-
_______—___
(P.
3-25
preferred
3-15
__
Calgary & Edmonton Corp., Ltd.
4-5
30c
preferred (quar.)
Bangor Hydro-Electric Co., common
7% preferred (quar.)
2-28
3-15
Steel, Ltd. (quar.)
Dry Dock, class A (quar.)
5ya%
3-23
5-1
56V4C
convertible
2-26
3-15
4
20c
(quar.)
non-convertible
Cable
4-15,
Ring Co.
preferred
5%
3-10
25c
Sons
7
3-
2-26
15c
(quar.)—
(quar.)
Burlington
5%
(quar.)
2-26
4-
(quar.)_^
Terminal
3-
Piston
4V2%
Aroostook
Co.
Bush
1
5%
Baumann
?
Watch
Butler
3-
3-25
preferred
7
—
8
convertible preferred (quar.)
convertible preferred
(quar.)
2-26
4-
—
8
40c
convertible
2-26
7
,
3-
(quar.)___
2-26
7
4-
1
7
15c
common
1
II2V2C
preferred
7
4-
4
—_
Company
Buffalo Niagara Electric
Corp.—
3.60% preferred (quar.)
Building Products, Ltd.
(quar.)—
3-12
$5
Co.,
4-
933/l»c
convertible
4-
Is
Is
(quar.)
3-
Baldwin
CO.
(increased quar.)
Baltimore Brick Co.,, 5% 1st
pfd. (accum.)__
Baltimore Porcelain Steel Corp.—
Is
'
Ltd.
3-31
(quar.)_
&
Mills,
3-31
_
4-
3-
—_
—
Buildings,
(quar.)
4-
Is
pieferred .(quar.)
California
(Hartford)
23i7«c
1 '■
$ 13c
7%
pieferred
(quar.)
Buckeye Pipe Line Co
4-14
j
t37Vac
(quar.)
common
—L:Li-
Bucyrus-Erie
2-28
4-
1
4-
Budd
30c
2-23
a2'/a%
(increased)
Corp.
Terminal
Co
(Joseph)
Co.
3-15
.
1
3-26
$25c
':
3-15
4-
1
3-15
..
(s-a)—
Co.
1
3-15
3-15
4-
4-
$25c
a2V2%
common
4-
1
4-15
$$1.75<
(quar.)_
—
(quar.)___
Co., $3.60 preierred
L.)
Silk
$5
3-15
3-31
2-27
93%c
(quar.)_
(s-a)__
(quar.)
Brunswick-Balke-Collender
Co.,
1
3-
3-30;
3-
3-15
Ltd.—
(interim)1—.
-.
Extra
3-10
.
Iron
Co.,
Burrard
Del.
1
1
3-15
30c
preferred
3-10
Bastian-Blessing
5
3-15
50c
3-17
3-17
1'
Bates
3-23
$1.25 '
Extra
3-303
3-30
1
T.), Inc;
G.)
preferred (quar.)
Brown-Fdrman Distillers
9
Bausch
4-
1
3-
&
Bush
Extra
8*
(E.
Durrell
3-17-
(interim)1
3-
5%
%
4-
Basic
3-12
4-
;
4-
4%
3-17
40c
3-22
25c
Alarm
Wilcox
Bangor &
4*
1
3-22
$1
Bancroft
3-10
4-
1
30c
7%
3-18
4-
Brooke
8
3-31
$1.50
7%
3-12
3
3-
&
Barber-Ellis
<quar.)__
6-25
3-30
Butler
7%
3-15
12'Ac
|quar.)___:
3
tl5c
7%
3-15
4-
"
&
merican
-
;
3-
75c
(quar.)____;
merican
6%
3-11 !
3-
$1
conv.
merican
3-31
3-15
3-20
75c
(quar.)
preferred
merican
3-10
Inc.—
Extra
American
1
Cigaiette & Cigar Co.—
Common
6%
3-10
4-
(Reading Pa.)— "
Cable,
Co.
7-
(B.
Bankers Trust
(quar.)
6-25
Babbitt
8
Barber
(quar.)
3
Babcock
3-12
3-
1.
20c
Chain
preferred
American
1
1
2-21
Increased
American
44-
4-
3-15
preferred
7-
f5c
com.
3-12
3-15
Columbia Packers,. Ltd.—
Convertible class A (s-a)
Class B (s-a)
$1.06V4
Ltd:,
3-16
3-31
British
Ayshire
9-15
15c
7%
4-15
20c
5- .1
Casualty Co.
1
Mfg. -Co, -(quar.K^ii^
Collieries Corp.:/(quar.)
3-16*
(quar.)
American
American
American
Axelson
1
_
5-
3-10
(quar.)
Co,
registered (s-a)
•5% preferred registered
1*
3-15
_(
1
common
2- 27
4-
t25c
Products, Inc.,-4% pfd.
6-
Co.,
3-15,:
4-15
3-31
A-(quar.)
3-31
deposit receipts ord. (final)—
dep. receipts ord, reg. (interim)
deposit receipts ord; Teg. (final)
American
deposit receipts for
5%
pfd.
3-27
-
5-20
35c
American
50c
_!___
Insurance
Allied
4-
—
Co.,
3-15
1
4-20
$30c
$1.37Va
American
12V2C
Quarterly
20c
preferred (quar.)___
Sugar Co. (quar.)___
Agricultural Chemical Co. (Del.)
preferred
4-
933Ac
convertible
Bank
Avon
$25c
Amalgamated
American
3-15
10-
3-12
4-20
American*
>
>
$0.7222
(reduced)
Fire
(initial)
Industries
American
Co.
(irreg.)
Mfg.
Amalgamated Leather Cos.,
6%
1
40c
—
(quar.)
(quar.)
Goods
4-
1
1
'
25c
Bank
:
Engine' Co.--
Service,
Co.,
—1
(quar,)ii%iiii^:;.__
•
(quar.)
Automobile
3-15
4-
5-20
—
(irreg.)—
33A% preferred
933/4c
(quar.)
preferred
A
Autocar
4-1
25c
(qiiar.i
A
Class
1
v
6
i
Corp.
(quar.)
(quarl)-
Auto- Electric
4-
75c
of
preferred
Aluminum
1
40c
America, $3:75 pfd.
Aluminum, Co. of Canada, Ltd.—
Aluminum
5
50c
:
Corp.
(quar.)
Corp.
(quar.)
Allis-Chalmers
Aluminum
33-
Series
50C
Products
2- 27
20c
—
B
5
3-15
9
3-
15c
Brass
Assurance
3- 19
37%c
preferred
3-
40c
Paper Mills———
Stores
3.75%
4-1
>
3-
1
American deposit receipts ord.
3- 10
4-
CorpJ (quar.)
33A%
preference
(quar.)
British-American Tobacco Co.,
5*
1
4-
Stratton
&
Note, Ltd.
British-American Oil Co., Ltd.—
Common (quar*.)
3- 15
1
30c
preferred
convertible preferred
Corp.
$1.50
'
3-
3-15
$1.50
j.—:
Imperial'Diesel
$1.05
(irreg.l
2
4-
15c
Topeka & Santa Fe Ry
City Electric (quar.)
Refining Go;-r^•%« -' • •
Common
3-22
3-16
4-
$$1.50
British-American
3-5
4-
25c
(ouar.)
(quar.)
(quar.)
Atlas
3-31
3-16
1
4-
'
k
$1.50
nfd
iquar.)
(quar:)
preferred
1
.
3-30
3-20
$60c
Bristol-Myers
Refining Co.-i-
3-
4-1*
Ltd.—-
(quar.)
British-American
3
Hardware Co.",' Ltd.—
3-15
$3
(quar.)
H.)
Atlas
3-15
2-28
Distillers of Vancouver Ltd,—■
$1.75
iquar.1
pfd.
:
1
.
$7
(quar.)____
3-18
$1.06'A
$l.06V4
Ltd.
Dye
Allied
Allied
*4%
3-15'
Ltd.
3-
37'Ac
Steel
Allied
Allied
(quar.)__
4-1
25c
(quar.) _L_x.^_______J.
Oil &
Atchison
50c
(quar.)
&
(J.
A
Automatic
(quar.)
2-27
$1.25
:
4l/4%
Y.)—•
(s-a)
3-22
$$1.12%
Corp
4-10
$2.50
preferred
Ry (s-a)
Baldwin.
Chemical
3-31
3-31
25c
Extra
3-15
3-15
tl5c
(quar.)
Corp.
$3.75
3-15
15c
v
4.20%
Allegheny-Ludlum
Corp.,
Atlantic
$2.50
common
preferred
Alexander
Allied
com.
1
3-30
50c
•
Construction
Extra
50c
(s-a)
Vicksburg
Inc.,
Asbestos
Atlantic
;
3-16
75c
3-17
10c
1
(initial)
Constable
Metal
Class
3-15
preferred
1
31'/4C
(quar.)
3-31
37V2C
—^
(quar.U
62'Ac
—___,
Power,
Alabama
Aldcns,
Arnold
Art
1
3-30
common
preferred
pre.erred
3-15
1
& Sons
6%
3-15
4-
60c
4-
I5c
;
Light,
25c
(s-a)_
preferred
$4
Ashland
3-10
&
Armstrong Cork Co.,
2-20
40c
N.
Co..
&
prior
3-
$1.25
Youngstown RR.,
_i
preferred
$6
4-
75c
Canton
.',_Extra
41'tiiiAU
3-15
15c
common
(Watertown,
1
__x.__i.__—-
(quar.)
(quar.)——
(E. J.)
1
$2
Brlggs
53VaC
prefen-ed
(quar.)
Arkansas Western Gas (quar.)
3-15
50c
Quarterly
Akron
Power
20c
(quar.>—
Ins.
4-
20c
Co.__—
Engineering,
1
1
preferred
3-26
4-
-—X.
3-4
25c
iquar.)
$6
$25c
——
preferred
Arkansas
7'Ac
Corp.
(quar.
Bearing Co., common—
convertible, preferred
(quar,)—
Casualty k Surety Co. (quar.)
.5%
3-
3-
$$1.25:
Roller
Aetna
1
1
Albany RR
Mills, class A
3-31
25c
1
12V2c
preference
(quar.)
Arkansas-Missouri Power
Common
Addressograph-Multigraph
Ball &
44-
$25c
;
Corp._,___
Works, Ltd. (interim)
D;) Mfg. Co. (quar.)
Corp.
J Admiral
Aetna
3-10
Ltd.—
(quar.)
(quar.)
1 J.
5%
1
1
&
3-15
25c
4-
$1
(quar.)
preferred
Ashdown
Glove
Aetna
3-10
4-
3-
$37'/ao
;
Electric
(Adams
Aetna
1
$62 '/2c
__
(quar.)
Reiineries,
preferential
preferred
(Acme
!
preferred
ACrtuirtrrtwuutiC, ougar
5%
3-15
4-
Power &
;
y
Payable of Rec.
5uc
;
v,
.
'Ml
Holders
30c
(quar.)
Extra.
*
the
50c
Laboratories
Abltibi
When
Share
F., Inc.
Abbott
3-19
3-31
(quar.)_
Bridgeport- Brass, 5'%% conv. pfd. (quar.)_
Bridgeport Gas Light (quar.)__——
$2.25
Smelting Co; ,„(quar.)
Arts Corp.
Argo Oil Corp. ("increased quar.)
ArgUs Corp., Ltdiv common (quar.)
3-31
14c
100%
preceding table.
1
3-31
$1.50
(quar.)
Annual
1
75c
Applied
4'/a%
these
3-19
3-4
1
$1.25
Apex
3-10
3-15..
preferred
Brown
Oil, common
preferred
(quar.)
Angio-Canadian
Oil, Ltd
3-15
week,
6-
$1
4%%
3-10
this
7-
75c
Anderson-Prichard
3-20
we
announced
3-31
ooinmon
4-1
$1.75
Copper Mining Co
Hocking Glass Corp.—
$4 preferred (quar.)
3-15
give the dividends announced in previous
weeks and not yet paid. The list does not include
divi¬
dends
25c
37lA>c
Laughlin,\ Inc.,
Brewers &
Anchor
1
:
2-16
Bearing
3-15
$150
Anaconda
1
1
'
3-15
Brazilian Traction Light & Power Co.,
2-25
$1.50
,
4-
(quar.)_
3-31
25c
-
Roller
2-27
4-15
53V»o
1
1
S'/o
Bristol
:
4-
"4-
&
$1.25
.
'
Arkansas Natural Gas
Corp.. 6%
Below
3-3F
3-25
4-15
3-30
7c'
____;
4-15
Co.
Brach
3-19
4-
4-
3-19
r.
3c
dividend)
3-12
4-15
—
15c
preferred
"4-
(stock
3-31
25c
(quar.)__
(quar.)
-
Bower
.
3-20—
$1.75
3-16
2'Ac*
__
50c
5c
Co.
Bryson
;
Botany
:
3-10
—
preferred (quar.)
Co., common (quar.)
preferred (quar.)
convertible
$1.50
iquar.)
.
3-10
1
$2.25
3-30
4-
Mfg.
&
1
1*;
4-
:
3-15
•
.
Co.
$4
7%
(quar.)25c
Co.
Whitehall Fund, Inc.
Williams
1
3-19
Decker
7,
'<-15
4-
$1.50
(quar.)
,.1
3-25
(quar.)___
:
Weyenberg Shoe Mfg.
12-
1
$1
Co.
3-10
Boston
$1.50
(quar.)
L.
American Zinc, Lead & Smelting Co.—
$5 prior preferred (quar.)
Amoskeag Co., common (s-a)
$4.50 preferred (s-a)
<resumed)______
Oil
3-15
1
20c
50c
Tobacco, 6%
Woolen
$1
'
preferred
American
American
Co
Extra
V4 %
1
1
25c
Westgate-Greenland
2%c
Bohn
Co.—
50c
Western Exploration Co.
(quar.)____________
Western Union Telegraph Co.—
Class
4
69-
Co
2'Ac
4'A% pfd. (s-a)
22'Ac
Utilities Co. $6 pfd.
(quar.$1.50
Electric
1
preferred
6-10
.
Western
3-
7%
•x.
9-10
Fargo & Co.
West Texas
1
3-10
3-
15
Therraosi BotMe Co.—
5
3-
30c
_•
3-
Bloch
5
3-
50c
Telephone J&T .Telegraph
3-31
Wayne Screw Products
Wells
3-15
3-15
J'
35c
3-31
v*;» $1.75
__
1
$1,50
2'/2c
(quar.)
(quar.)___.
3--.1
6-22
$1.12Va
(quar.)
3-15
25c
(quar.Jt-
3-21
3-15
3-15
$1.25-
(quar.)
3-31
$1.25
Waialua Agricultural
Waterbury-Farrel Foundry & Machine Co.—
Quarterly
1'
3-
vac
2
$2
Foundries
$1.25
com._
4-
SI1'
2
J-15
Bros. Tobacco, 6</o preferred
Aluminum-& Brass Corp.
Book-of-the-Month Club
(quar.)
Steamship XJo.„
$1.25
(quar.)
Baking
preferred
3-21
joe
'3-15
50c
20c
!
2-24
1
3-30
1
$1,816
25c
50c
±
____:
1
4-
3-30
4-
^:
(quar.)
15c
iquar.)
4-
4-
25c
7-
r
$1.50
iquar.)_.
Co.
4-23'
12"/ac
3-15
$1.25
.
Quarterly
American
(quar.)
p:eferred
5%
American
'
Corp.
5%
.
37
<.quai.;_
•
Refining
(quar.)
;
a
Stamping Co. (irreg.)
States Insurance (Indianapolis)
Stores
Steel
5uc
4
(quar.)_
50c
»
American
Insurance
Bliss
3-20
1
(quar.f__x.__~_-
common
preferred*
25c
(quar.)
American
.•
3-22
Sivalls
Blaw-Knox
4-
$1.75
(
■
—"
&
4-16
3-
50c
30c
preferred
4-30
'
5
4-
Co.
1
3-16
50c
^
Corp.,
5-
/
_____w_____x.x.x,_ix__
Extra
3-22
Fire
Co.—
___________
Extra
Co.—
5-15
Utah-Idaho Sugar Co., 60c class A pfd.
(quar.)'
Van de Kamp's Holland Dutch
Bakers, fnc._
Vapor Heating Corp.,, common (initial)
j
3-30
(participating)
Co., common
3-31
l
4-15
10c
Oil
Black
3-8
Snuff
American
International Securities—
Heme
3-15
:
Black
3-31
—_—
preferred
$5 1st preferred (quar.)$1.25
United Stores Corp., $6 conv.
pfd. iquar.) _%
$1.50
Utah
3-31
Extra-.:
.
4-1
Lines, Ltd.—
non-oumulative
3-19
1
V
•
4-15
25c
-_x,
3-22
Uhiversal-CyclopT
81'/4c
—
•
3-19*
1
4-
$1.75
(quar.>j'i___i__;____Ai_
3-15
(quar.)1
convertible
Bishop
3-13*
97V2C
(qunrilLi;
Light, $5 pfd. (accum,P_
'3-22
&
3-13*
1
$1
(accum.).x.
3-31
U; S.
3-13
1
37V2c
3-31
preferred
1
—
&'onemicai,
$1.50
2nd
4-
common.
$1.12 %
$6
3-18
3-31
Birmingham Gas Co., comnion___
Birmingham Water Works, 0% pfd;
4-
—
—
Amer. Radiator & Standard
Sanitary Corp.—
American Rolling Mill Co., common:
4:i/2% convertible preferred (quar.)_.
3-19*
'
Potash
preferred
5-15
$1
;■
5 %
4-
--
Co
B
4-
50c
(quar.)_________
Foreign Securities—
1st preferred
(quar.)
Co.
Bingham-Herbrand
35c
'
American President
3-16
20c
convertible
3-afD
30C
Inc. (irreg.—--xxv.xwxx.
Steel; Corp., 7% pfd. (quar.)
Mfg.
Extra,-
1
1
37%c
10c
(quar.
preferred A-
$4
3-16
4-
">
iquar.)__
3
3-
1
(quar.)
3-10
___x.x:—_
Foods,
'
American* Power.. &
4-15
1
37'/2c
class A
Finishing
S.
3-15*
4-1
31V4C
-
$4
4-1
4-
$1.75
Meter*Go,
4-15
53c
—
preferred
7%
•"
1
3-18.
.
50c
class b
7%
Bibb
common.-—,
Manufacturing
Molasses
,
iquar.)
Co..
'
.
5-
'
53c
'
preferred
Bethlehem
3-16
25c
—
Coi,
News Go, (bi-monthly)
American .Optical Co
3-25
T
__—__________
(monthly)
(monthly)
6% preferred imonthly)~__:_—_______—_
United Shoe Machinery com. (quar.)___•__
>
4-
58% c
■___—
preferred
6%
Best
3-16
Common
-a-;"'
(monthly)
3-19
American
preferied
6"/e
1
1
Illinois—
»quar.»__
American
4-19
_\rla
preferred^
3-31
10c
3-3!
Corp., commoiix..
Cement
&
Holders
Payable of Rec,
50c
(quan)__.
Limestone
3-31
(s-a)_
(quar.)
American
dl's-
of
(monthly)
(monthly)
4-
47o
Snare
Hedges, $2 conv. pfd, (quar.)_—
5uc
Brewing
COrp
—25c
25o
c—
Machine & Foundry
preferred- (quas.) c—
;
American
___'
preferred
3-19
10c
j.)>
—
\
1
$1.50
(Newark/•N.
Locomotive
preferred
American
share
31'%C for each
l/50th share of American Light & Trac-
,
*
4-
When
Per
•
&
Berhoff.
Bessemer
x
<■
.
*
,
25c
■■■,
$1.75
Investment Co.
American
will' be
3- 4
Products "(montnly)
prex'&ired
5%
.
one
2-11
4-1
(irrog.).-—
common
—_x._x.c_—
American
Fractional
Light
is'sued, but cash
not
3-18
4-15
Extra
Traction
&
of
held.
American
*
*■
shares
50
Home
Insurance
4-15
'
:
____________
Appliances—,
pi-elerred
Benson
(quar.)
Amencan
Home
$3.25,
*
>
n-
.
(quar.)
Beneficial Industrial Loan
•
2-11
3-15
$1.183/4
of Company
Aviation
Bendix
3-31
.
Atlantic
(quar.)
Rubber,
preferred
7%
stock at' rate
common
"for
Hair &
Hard
3-15
Name
Bendix
2-28
>.t>
(quar.)_
Felt Co., common,.:———
American
3-15
$1
*
!,
preferred
2nd- preferred
7%
4-15
25c
(quar.)—
dividendC27400ths share of
Electric; rcommon)
American
,3-15
$1.12%
(quar.»——
3-15'
50c
*
Extra
I_U—
•'United Eigne & Railways
Common (stcck dividend) —
Payable
in
American
Light
m
,-$6
;
3-19
3-15
3-22
Holders
Payable of Rec.
.
30c
Electric—
&
3-22
'3-22
—___________
United
Gas
American
3-1*5
4-1:
•
City
43/4%
,
1
4-
—
*
1'
"
'
4-
Wh*n
Share
>r
Hoe, common
preferred
Stock
3-It)
«r
&
Commonv (Cftshvdivitiend)'
3-18
4-
(quar.) _—:____xl____:—$$1.12% •
Tri-Continental Corp. $6 pfd. (q'Uar;)"_.'-il._Lr \:v $1.50
l^Trico Products Corp. I quar.) :
62V2C
•'4'win City Rapid Transit 5%'prlor pxd. iquar.):
62 %c
'"[Union Meta. M.g. Co., common iqu'ar:r__k%<y v •; 25c
(
$8 preferred, (quar.)'
"v': $1.50
'
4Va%
Fork
American
3-15
45c
preferred;
,
5-14
(increased)___-__—30c
Ltd.—
'"Traders Finance'Corp.,
'/<;
3-19
1'
P*r
;
.
3-20
4-
$$1.25
'
of Company
American
,
Co. J._J:
'"Towmptor Corp.
V
1
1
6- 1
,
Name
3-18
4-
\ 40c
$25c
•-$ 1.06 V*
_____
^Toronto Mortgage Co.,
•'[Torringtoh
4-1
*25c
"
<
Payable of Rec.
Share
;
;
,
Thrift Stores,
'
>
,
,
'
<
Holder*
(quar.)
4-
1
3-
$$2
4-
1
3-13
1
•
■
52
(1192)
THE COMMERCIAL
Monday, March 15, 1948
CHRONICLE
FINANCIAL
&
'
-
"
.
Name
Canadian
General
Extra
When
Per
'
of Company
(quar.)
Ltd.
Investments,
:
_T_
Canadian Ice Machine Co., Ltd.—• ./
4-15
"
.
.
3-31
Ky.)
Life
Southern
1
3-18
4-30
3-21
Commonwealth
Water,
J $1.75
$$1.50
Canadian Oil Cos., Ltd., 4% pfd,. (quar.)___
$$1
5 %
preferred (quar.)
,
$$1.25
8% preferred
(quar.) ________. ,
$$2
Canadian Pacific Ry. Co
$75c
Canadian Refineries, 4% %. 1st .pfd.
(quar.) $$1.12'/a
Canadian Silk Products Co., Ltd. (quar.):,__ •" $37Vic
V4-15
3-15
Commonwealth
Water
A 1
(quar.)
;
4-
}20c
Industries, Ltd., common (quar.)«_
(quar.)
Canadian Ingersoll Rand (increased quar.)_
•
:
j
(quar.)
•4-
1
3-10
$7
preferred
(quar.)-l-i--—_—
4-
1
3-10
V 4-
1
3-10
3-31
2-23
Conde
,,'4-15
3-27
Co.
Boxes,
Canadian nVirebound
(quar.)*.
Cannon
Class
'7-15
6-17
4-
3-15
$50c
(irreg.)
—
31st
preferred
(Philip)
5%
Co.,
(quar.)
6 %
Corp.,
Carriers
Case
I.)
(J.
Co.,
i
7%
i
Franklin
Central
Central
Cold
Central Illinois
4.1%
preferred
■Central
Illinois
Central
Maine
3.5%
6%
i.
Paper
4-
1
3-12
Consolidated
4-
1
3-1
Paper
Central
Steel
3-16
1
3-16
4-
l-:'.'
4-
$1.75
15c
3-16
3-
3-15
.
50c
3-31
40C
3-16
3-15
3-
•
1
4-
$1
■
_
5
4-1
$1.12%
3-12
1
4-
1
$1.02%
1
Continental
3-19
Corp.____
Continental-United
Industries
25c
3-20
3-
$1
.
1
.
3-31
3-
1
$3
3-21
3-
5
1
Cornell
Cooper-Bessemer Corp.,
3-31
3-10
87 %c
4-
1
3-10
$1.50
4-
1
3-10
30c
(quar.)—_
common
(quar.)
(quar.)
—
Co. (quar.) _!_____
Wire Co., 6% pfd.
15C
(quar.)_
Co., V
(cash
dividend)
3-31
3-10
Common
prior
Chamber
Class
of
A
preference
Commerce
Building
7-
Chesterville
Ohio
Mines,
Corp.,
Common
1
.3-15
Crum
3-31
4-
Ry.,
(quar.)
(interim
Ltd.
(quar.)
common
preferred
„:3-20
3-20
1
1
3-16
1
3-15
4-
3-31 V
50c
3-29
>
•
(quar.)
9
9
$4
Rivet
Chicago
Chicago
South
Shore
7%
Co.,
preference
Christiana
preferred
Cincinnati Gas
4%
4-
&
3-15 j
$1.75
Inter-Terminal
3-10
1
RR.
2-24
$1.75;
pfd.
3-15
4-1
3-20>
4-
3-15
$1
(quar.)_
1
•
Decca
5%
preferred
$2
8-
1
7-20
$1.25
6-
1
5-15
$1.25
9-
1
preferred
Cincinnati
Cincinnati
&
8-14
Quarterly
_•_=
Ltd.,
Cinzano,
,
3-16
Cities
Service
Citizens
$1.12
V
3-
7 %
of
preferred
City Ice
3-31
3-15
5oc
3-30
3-15
Clark
Controller
Equipment
Co.,
5%
Clary
convertible
Cleveland
Builders
Cleveland
Cliffs
4%%
Co.,
Cleveland
Cleveland
Climax
Mills
Molybdenum
Clinton
Industries
Co.
3-10
2-26
Common
2-26
5%
Chemical
Detroit
1
3-20
Cluett
7%
4%
Coast Counties
4%
Gas
preferred
Cockshutt
A
Plow
(quar.)______
$3.50
Ice,
Electric
&
(quar.)
Common
3.60%
1
4-15
$1.75
4-
1
Doehler-Jarvis
V>
4-
1
3-18
3-31
Dominion
Dominion
1
5-
1
1
•11-
1
3-31
4-
3-10
1
3.20
3-31
3-
3-10
2-13
4-15
3-31
4-15
8
3-31
3-31
3
7%
Foundries
3-31
3-
9
&
Tar
Common
Common
Erwin
4% %
3-25
3-10
37 %c
3-31
3-
3
4-
2
35c
5-
1
6c
4-
1
.
.
3-15
com.
Donnacona
4%%
$1
$15c
(quar.)
$15c
4-1
4-15
3-15
4- 1
Paper
convertible
&
preferred
Co.,
Ltd.,
(quar.)
common
37 ViC"
'
preferred (quar.) 1%—_i_ $$1.12V2
com. (initial quar.)'
$25c
*—— "* J25c
Mudge, Ltd.,
convertible class A (quar.)—
'■*
'
i
Y
'
•
3-19
1
3-10
$1.75
1
3-10
—:
25c
4-
1
3-20
4-
1
3-19
3-19
4-
1
25c
6-
1
5-12
25c
3-31
3-10
4-
1
3-10
50c
4-
1
3-15
4-
1
3-22
4-
1
3-22
3-15
2-20
$1
4-26
$1
7-26
6-30
$1
1-25-49
12-31
$1
3-15
6-
1
12-
1
4-
(quar.)
Stoics,
j
4-15
7-15,
4-
1
3-15
3-15
3-
3-31
3-10
1
3-25
3-15
3-
2-27
4-30
4-20
$1.06%
a_1.
4-30
4-20
60c
4-
1
3-16
4-
1
3-
1
4-
1
3-
1
•
,
35c
3-23
3-13
35c
3-27
3-10
30c
3-15
3-
20c
3-25
3-12
30c-
3-19
3-
—
—
_——
(quar.)
3-15
3-
l%c
Inc.
(irreg.) —
(San Fran.)—
3-15
2-29 i
75c
.
—
3-15
t
3-20
1,
4- .1,
10c
—
.
3-15,
3-31
3-15
81 %c
25c.
t3rl;5,
————_—
Torn.,
3"
/'3il5"-
3-ii^
3- ,5
1
3-13
75c
4-
1
3-24
25c
—
(quar.)_
/
3-15
r
—
(quar.)
—
3-23
4-„l
25c
:/R5
j-15
37 %C
"4-
1
v 37 %c
7-
1
6%
prior preferred' (quar.)——
uo. of''Canada, Ltd/ (quar.):
'
$12:50 ;
(irreg.)——-—•;
(quar.)_—
/
2%c..
$1.25
Ff^pkfort (Ky.) Natural Gas (quar,)'
—
•
.
$35c
Foundation
•
.
1
3-15
3-30
25c
(quar.)__
prior preferred
3-
1
4-
37 %c
common—,
6%
Brewing Co.
,,
4-
$ 12 %C,
(quar.)—_—
Four-Twelve West:6ixth Co.
3r'15
3-18
3-15.7
62 %C
(quar.)_
i"i
3-31, ,r
75c
37%c-
Ltd. (s-a)—
$3 class A
3^1)
.3-8;
25c
y
(quar.)
2
$1.18%
(irreg.).—
Inc,
•
$1
12 %c
Steel
'3- 2
£-25)
20c
(quar.)——
Gas,
2-23 j
.3-
25c
'■'%
5,
3r26
3-10
50c
Corp.—
(initial)—
Wallace,
3- >5,
3-26
50c
(quar.)______»—
common
,»
i'/^3rl5'%
75c
-4——
(quar.)_z.
Inc,
3- 5,
3-15
..3-15
$3
—
—
Corp.
9
$3
J.
Fund,
5
20c
(quar.)—
Baltimore—
common
iquar.)
(quar.)——-——
class A (reduced)
Co
Pressed
1
3-15
62 %c
convertible preferred
&
9
30c
Co,
preferred
Fpstnicenmuth
3-19
—
(quar.)
(quar.)
Stores,
Oil
3-
3-31
50c
Utilities
common
8-12'
3-22
25c
(quar.)
Machinery
8-16"
SI
tSl
(reduced)
Fair
2
10c
•:
(quar.)
Stoics Co.—
Co.
Corn.
Steel
4-
—
common
FcW-Wheeler
;;/■'"
1
1
$1.50
common
Wayne Corrugated Paper—
Foster & Klelser Co, class A pfd.
.
3»; 5'
58-
75C
Corp
Fort
4-15
3il«:
1'
3-17
v
50c
:
Shoe
B
Fostoria
r-.-
15c
preferred
&
3*12.
.<
<•
4-
25c
Stores
Co,
Follansbee
Forbes
3112
3-3l'
.
——
Industrial
Foothills
6
"
(quar.l————
Publishing
Public
3%%
3-
1
3^-27
$25c
37 %C
—
pld. (quar.)__—_
of Canada (s-a) _
America at
Power
New
4-'
4
6
4-1
50c
Corn
preferred
$2.50
3*
s
(Syracuse) —
preferred
common
Florsheim
Food
3- -8
3-10
1
3-15
________
6%
Special
Food
4-
30c
———
(quar.)
National
4%%
3-1
15c
Shoe
common
B
Florida
6
3-12
______
Quarterly
$4
5i
3
3-17
,
56 %c
(quar.)———
Gas
&
of
Co.
Florida
3-
3-15
10c
15c
Ins.
Fireman's Fund Indemnity
_
3-
3-22
1
4-
$2.50
& Smelting—————Truck Co—
.——
Stream
Flintkote
,11^15
% 3-14
3-15
Inc. (quar.)
——-il'i
Fiduciary Trust Co. of New York (quar.k_!L'
Field (Marshall) & Co.
See Marshall Field.
First
>
8-13
•
12 %c
Fund,
Financial
5-14
1
9-
12 %c
„———
1
3-
$1.25
(irreg.)—
Works
Enamel
Class
3-31
$1.25
(quar.)
(quar.)
A
1
3-
50c
—
65c
Ferry Cap & Set Screw
&
3-15
3-15
$1.25
(quar.)
Tarrant Mfg.
Class
3-15
1
4-
$1.75
28c
iquar.)
(quar.)
&'Crume
Finance
3-31
25c
25c
Co.
convertible
Fidelity
3-19
3-31
4-
;
Life
Chemical Co,
&
8
4-
—
(quar.)
A
Shops.—
preferred
5%
Felt
1
SI.50
(accum.)
(quar.)
Co.
& Co.
Bake
Common
,
??'•'='
3-
4-
$1.25
_
4-, 1 .^S-'IO
4-{l>
*)3-10;
'■»
4- -I
~
Rubber
4% %
3-5
3-1'
"5-14
3-15
75c
—
Federated (Department
3-15
(s-a), .$50c
.,3-30
50c
Motor
3-18
$$1.75
—
)
V
4-1
(quar.)
3-10
60c
(quar.)_
25c
Inc.
Mining
4-1
4- 1
3-1
3-18
-
preferred
Donnell
4-1
2-23
4-; 1
$2.50
Foote-Burt
$25c
3-16
3-15
$1.12%
—
Candy Shops, Inc.
Federal
3-15
2-16
5- 1
3-22
40c
(quar.)
(quar.)
(quar.)
Corp.
^ark,
Federal
3-31
3-10
5-1
2-28
2-16
———
Co.
Birmingham
5
3-25
3-15
15c
(quar.)
(quar.)
Traders
(Fred)
Fear
-
$25c
3-
4-
35c
Quarterly
3-29
—$25c
2-27
3-15
(quar.)—.
&
Fashion
' 3-29
(quar.),^
(quar.),
3-10
Quarterly
Farrell
,
Ltd.—
3-20
25c
$1.62%
Corp., (quar.)
Farmer
Farmers
3-10
4-15
4-15
3-15
2-16
1
Corp, common—.:
preferred A (quar.)
/
i—
Players Canad'an Corp. (quar.l*——
Famous
,
4-15
3-15
Finance
Family
3-15
3-5
3-15'3- 5
3-25
3-15
$50c
3-15
$25c
Corji.——___i——
Exchange Buffet
3-20
4- 1
f
(quar.)_
Chemical,
Extra
7%
Co.
Ex-Cell-O
3-20
4-15
3-15
3-25
$1.06%
European & North American Ry. (s-ai—:
Ewa Plantation
—
3-11
$35c
t-^Oc
$37 %c
(quar.)
_________
(quar.)
vtc
Williams
Federal
5- 5
8- 5
11- 5
3- 5
3-22
3-22
3- 1
/ 3-23
3- 9
9- 1
8-10
f 3-27%.
3-12
3-15
2-27
3-15
2-24
4- 1
3-10
3-26
3-10
3-25
Mills
Cotton
3- 1
2-27
5-15
8-16
11-15
3-15
4- 1
4- 1
3-20
3-31
10c
(quar.)
pfd.
5%
Manuiacturing
Faumess
$43c
$35c
(interim)—^——
Corp.
&
preferred
$1
common
(quar.)—
Square
Donahoe's, Inc., 6 %
Co.—
(Del.)
5%
Ero
3- 1
3-18
3-31 "
3-13
25c
20c
$1.50
(quar.l
Co,
preferred A
preferred A
5%
Class
(quar.)__
—
Steel, Ltd. (quar.l—
Ltd.,
Glass,
preferred
Dominion
37V2C
preferred
Dominion Stores, Ltd.
9
90C
:
Co.
___——
(quar.)
Corp.
non-dum.
3-11
6-
class A
Co.
Raiiroad
Erie
Dominion Dairies/Ltd.—
Cup Co.,
Dominion Textile Co., Ltd.,
(quar.)_
75c
25c 12%c
$15c
62%c
(s-a)_
(quar.)____
(quar.) _______——-
Dixie
3-18
12 %C
Co.
50c
—
pfd,
Corp.-Seagrams
3-11
1
65c
Stamping
25c
35c
(quar.)__
4-
12-
$5Cv
Corp.
3-25
$25>c
$10c
,
Corp.
Stores
;
50c
$1.50
50c
..
(quar.)—
Almy Chemical Co
Deep Rock Oil Corp.
;_
Diamond Match Co., 6% partic.
Diamond T Motor Car (quar.)
Diana
50c
(quar.)
z.
Investment
B
Coach
Field
(quar.)
&
Distillers
25c
quar.)
Edison
Class
3-30
87 %C
(quar.)—_
(quar.)
(quar.)
&
,
Dewey
3-15
Co.—
Solvents
-
4-10
$1
Corp.
preferred (quar.)
50c
%
5%
non-cum.
preferred
(quar.)
50c
Detroit
Steel
(quar.)——50c
Corp.
Devoe
& Raynolds,
class A (quar.)__-__—.
50c
3-25
$25c
(quar.)
Shearing
Commonwealth
3-16
25c
.
com.
(increased
Commonwealth
4-
preferred
non-cum.
Dominion
B
Quarterly
Commercial
8
3-15
Brass
&
non-cum.
5%
—
(quar.)
preferred
1
3-
3-31
$1.75
—
Alcohols, Ltd., common
preferred (quar.)____
Commercial
3-
3-18
Co.—
Iron,
Credit
3-15
Co.—
Commercial
8%
3-15
___
.
(s-a)
■Columbian Carbon Co.
Commercial
4-1
__
(interim)
tquar.l___,—
preferred
&
3-15
2
5%
5%
35c
J
$6
Fuel
4-
25c
•
Co.
preferred
3
17 %C
Semi-annual.
Colorado
3
3-
20c
common
.C-olgate-Palmolive-Peet
Colonial
3-
3-15
30c
(quar.)___________—
preferred
2nd
3-15
25c
(quar.)_____
Peabody & Co.,
preferred
4-
(Kansas)
Aluminum
25c
$3.50
convertible preferred
Erie
Detroit-Michigan Stove Co.—
50c
25c
..
Oil Co.
5
3-13
62 %c
convertible preferred
Ferro
12%c
3-15
5
3-
(quar.)——_— —
'
4%
Feltman
(quar.)—
Derby
1
3-31
3-
1
3-31
17 %C
4%
3-10
3- 1
(irreg.)—_____—
3-15
-4-
1
4-
25c
3-20
3-15
4- 1;
v.4- 1
:
4-
(quar.)_
Federated U Publications
„
35c
$1.50
40c
pfd.
convertible preferred
4%
3- 5
$1
3-19
(quar.)
3-15
$5
25c
1
<te Equipment—
Wafer
-——
6%c
(monthlyi
Co.
(initial)
4-
.(Common (resumed)
SCyeUv
preferred
50c
'
.
>—-—
Federal
,
1
3-19
8% preferred (quar.)
common (quar.)
Federal
(quar.)_.
1
3-
1
(quar.)
(quar.)
preferred
7%
Emsco Derrick
Depver & Rio Grande Western RR.—
$1.50
(quar.)_—
(quar.)
Clinton Water Works, 7% pfd.
Corp. <quar.)__
Co.
3-
1
4-
Mfg,
3-10
3-10
3-15
3-19
-
1
4-
(quar.l
$1
—
(quar.)__^
4-
25C
$1.25
3-31
3-31
4- 1
4- 1
—
$1.12%
Clopay
Clorox
3-11
3-10
Co.—
preferred (quar.)
Cleveland Quarries Co. (quar.)
Worsted
Co.
$1.25
—
Alloys Corp.—
92%c
$1
15c
50c
—25c
Mortgage & Realty (quar.)_„___—
lc
Denman Tire & Rubber, common (quar.)
10c
5%
convertible preferre'd (quar.)
12 %c
3-15
_______
$4.50
Cleveland
& Eye
7-15
(irreg.)
$6
Goods
iMeccric
Federal
(quar.)
2
$1.50
(accum.)
common
Federal Fire Insurance Co.
(quar.)—
4-15
Emporium-Capwell Co, common—————
Co.—.
—
Electric
Delta
/ $1.12%
Electric Illuminating
Light
&
1
(quar.)
common
preferred
7%
Fanny
4- 1
1
5-
(s-a)
preferred
5%
RR.—
—
3-20
(quar.)_
(quar.)
^_—
Western
Stores
Long Hook
3-15
7 %C
(quar.)
(quar.)
(quar.)_____
common
(quar.)
&
___'
preferred
50c
preferred
(quar.)
Co-operative Stove
Co.
1
Power
20c
preferred
Supply Co.
Iron
1
4-
•
5%%
25c
$1
—
1
9-
8-
(quar.)——
Emerson Drug Co,
3-15
4- 8
3-10
3-15,'3-15
3-31
4- 6
4-6
3-15
3-31
3-15
3-20
25c
(quar.)—
Lackawanna
$1.25
(quar.)
common
preferred (quar.)
Multiplier Corp., common
,
25c
Extra
3-31
$1.75
62 % C
Co._____
Clark
De
Pa.)—
(quar.)
Co.
.
Detroit
(quar.)
Fuel
&
>
—
Inc.
preferred
Dejay
3-15
_______________—
(Washington,
3.70%
1
$8c
2% %
(s-a)____
(quar.)
Water
f
4%
class A
preferred
Fund,
Delaware
2-28
•
5% %
$25c
(quar.)_
Inc.
Resumed
1
4-
;_—
(initial)—!
Delaware & Hudson
•
3-15
15c
(quar.)
Telephone Co.—
Suburban Bell
Ltd.,'class A
Records,
Delaware
(quar.)
(quar.)
Street Railway
B
Delaware
Cincinnati New Orleans & Texas Pacific Ry.
6%
1
(quar.)
Manufacturing
Frere,
—
Co.—
(s-a)
preferred
3-10
$37
.____
4%
3-
3-25
3-25-
$1
,___
common
(quar.)
Electric,
&
Extra
Class
_____
common——
Co.,
David
2-28,/
1
6-
9-15
$1.50
(accum.i—_;
Products of California
Co,
Exolon
3-31
4-23
Darlington
3-18'
1
Stores
3-
6-15
$1.50
——
Light,
& Walker Dry
5- 5
11- 5
4- 5
3-25
3-15
6-30
25c
50c
15c
(irreg.)
(irreg.)
Corp.
Fisher
3-15
3-15
Inc.—
&
preferred
5%
Eureka
$25c
Davidson Brothers, Inc
_—10c
Davison Chemical Corp.
(quar.)_
.—
V
25c
Dayton & Michigan RR. Co., common (s-a)
87%c
8%
preferred (quar.)
$1
Deerfield Packing Corp., 4'/27o
pfd. (quar.)
$1.12%
Cigar
&
1
'
Elv
.3-15
G.
3-18
3-15
RR.—
(quar.)______—
Securities
Cincinnati
Bend
South
&
•'4- 1
25C
W.
4-
(quar.l
Mfg.
preferred
Power
Common
3-15
3-18
3-18
6-18
9-17
3-17
3-17
6-18
3-22
3-31
Daniels
3-15
$1.12%
$1.50
perferred
$7
3-17
;
3-31
D.
Ferries,
prior
6%
Emerson
$75c
3-15
3-15
&
Electro Refractories &
3-5
3-5
3-12
3- 5
6-23
3-15
3-30
75c
(quar.)
—
Publishing Co., $4 prior preferred——
prior preferred (extra)-—
—
3-30
25c
Quarterly
Towel
Chicago
7%
Machine
&
—
Stores
Drug
3-31
1
$1.50
Co
Electrical
3-10*
2-20*
3-12
4- i
3-15
4- 1
3-10
4-
"
common
Co,
Auto-Lite
3-13
$2 / 3-31
50c
4- 1
$1.75
4- 1
$1.75
7- 1
$1.75
9-30
50c
4- 1
$1.25
4- 1
$1.25
7- 1
10%
3-31
10c
5-15
10c
11-15
25c
4-20
75c
4-1
$1/
4-1
'
Curtis
30c
50c
Chicago Pneumatic Tcol, common-.
'< $3 convertible preferred
(quar.)
—•
(s-a)
9
Gas
Controller
Elliott
3-24
2-24
3-31
(interim)—
Corp.
Electric
3-31
$1.25^
(quar.)
(s-a)
15c
Chicago Mill & Lumber Co.
'__
(quar.)
dividend
:
3-15
————-——
Electric
;
3-15
20c
$1.1428
Ltd, class A
Natural
3- 5-,/'
3- 1
3-10
55c
(irreg.)—
common
„
Lines,
Electric
3-15
4-15
$1.25
—
'
Paso
3-15
$1.50
Elgin National Watch Co.
;
1
3-19
,
—
EJ Paso Electric Co. (Texas), com.
$4.50 preferred (quar.)
3-22
3-17
3-17
3-17
3-19
•;
10c
(quar.)
dividend
3-
-
(quar.)
Atlantic Sugar Co., com.
Cunningtam
4-
4-15
7-15
3-31
3-31
,
(quar.)
preferred
6-
25c
_____
pfd.
Sugar,
(quar.)
Cash
8
25c-
(quar.)
common
(quar.)-
3-31
-—140c
-2
r
50c
80c
preferred (quar.)
Culver
Corp
(stock dividend)
8
4-
4-30
$t>c
t_______—
3-
1
3- 1
3-10
3-19
3-19
4-
4-
25c
(quar.)
Empire District Electric, common
preferred (quar.)
Cash
5-
87 %c
3-15
9
3-15
1
4-15
pfd. (quar.)—-
(quar.)——
Oil Worka
Dorado
El
4-
4-
3-10
(Thomas
6 % %
3-15
9
4-24
1
participating preferred (quar.)l
A.), Inc., class A
preferred (quar.)
4Va %
Edison
1
4-
Brothers Stores—
Edison
Electric
——
5%
8
3-
Forstcr, 8%
American
Cuban
5%
5*%
Co.,
preferred
preferred
1%
8
4-1
75c
—
_____
3-
3- 2
3- 1
&
3-
3-20
Balanced
Eddy Paper Co.,
'
1
Publishing
preferred
7%
.
3-20
3-29
2%c
.
Co
(quar.) ______—!
(final)
Steel
&
7%
4-
45c
.
"
Zellerbach Corp.
Cuban
3-20
1
4-
25c
convertible
Chicago
4-
25c
___"—
&
Crucible
311/4C
______
3%%
Crown
3-10
50c
Candy Co., common (quar.)
5% convertible preferred A (quar.)
Chefford Master Mfg., 5%. pfd. (quar.)
Chemical Bank & Trust Co. (N. Y.)
(quar.) _
Cherry Rivet Co,
(quar.) _________________
Chesebrough Mfg. Co. (quar.)____—______
.
2-17
1
25c i
;>
*—_______—-
■
(accum.)
$2 preferred
3-10
50c
(quar.)
;
Chase
Chesapeake
4
A
4-
25C
$1.12%
(quar.)
Charleston
3-
4-1
$1.21
!-/,•
3-12
3-29
25c 75c
iquar.)
common
Co. (quar.)
International Corp.—
Cork
Crown
Class
(quar.)
Sexton
&
Crowell-Collier
6-18
1
Electrolux
2-25*
3-15*
A pfd. (quar.)_
—
Glass Works, common_^.___l_—_—
preferred 1947 series (quar.)
preferred (quar.)—
Phosphate
Co.___——■_■—_____
Cribben
3-19
1
4-
___L
Chapman Valve Mfg. Co,
Extra
1
3-22
9
Corp.—
______
Co.
4
3-
4-
$1.12%.
(quar.)
(quar.)
Transit
6-
3-15
$1.12%
(annual)
preferred
6-14
15c
Champion Paper & Fibre, common
$4.50
4
2%
—
Century Ribbon Mills (quar.)
Certain-Teed
Products, common_
4%% prior preference (quar.)
4%%
6-
15C
dividend)
(stock
6-14
12 %c
3-12*
Eaton
3-15
•
4-24
10c
Fund——Howard Stock Fund
—
3-15
4- 1
(quar.)—25c
3-15
—
Howard
&
4- 1
$1.31(4
4-15
12V2C
3-31
87(4c
3-31
3%%
'
87%c ;> 3-31
Coronet
'
$1.50
3-31
Crain (R. L.), Ltd. (quar.)
:
UOc
4- 1
Crane Company, common
(quar.)
40c
3-22
3% %
preferred (quar.)__—
93%c
3-15
Creameries of America (reduced, quar.)
25c
3-31
3-19
3-20
—:
(quar.)
Electric—
2-27
5-21
3-15
3-15
3- 1
3-12
series
$5.25
/3%%
Century Electric
Common
Dubilier
Corning
75C '
:
&
prior preferred
Class- B
25c
L_
Co
Steel
Continental
40c
common
Fibre
(Del.)
Co.
Oil
—
—
1
$1.12% /
(quar.) —
$2 convertible preferred (quar.l-.———
Eastman
Kodak Co., common (quar.)——
■'". 6%
preferred (quar.)
Easy Washing Machine Corp.-; class A—
Eaton
2-28
4-
93%C
(accum.)
B
Steamship
Eastern
El
$1.37% ■'/_
25c
93%c
(interim)—
common
(quar.)
Continental-Diamond
3-19
4-
Co.,
3-22
1
37'/2C
(accum.)
preferred
$6
3-12*
.
,4- 1
4-
1st
3-31
6- 1
4- 1
4- 1
3-15
4- 1
3-31
4- 1
'$40c
25c
$ 16c
3-19
—
prior preferred. (quar.)„_———
Massachusetts Street Ry.—
25c
75c
f
Ltd".__-:^__—
Mfg.,
1
1
1
4t
,
$1.75
preferred A (quar.)
6% 1st preferred A (quar.)
6%
1st preferred A (quar.)
6% preferred B (quar)
6% preferred B
(accum.)
Eastern States Corp., $7 pfd. A
6%
3-15
,
Corp.
preferred
$3.75
___
(quar.)
Can'
Continental
3-19
4-
321/2 0
Steel
$5.50 preferred
2
3-17
(Boston)
Trust
Co.__i____*i-—i
Press, Ltd., c'.ass A (quar..)___
Consolidated
3-31
40C
Investment
preferred
Eastern
3-15
3-15
3 15
2-16
3-15
3-15
(increased)50c
Consumers Co.," $2.50 preferred
(quar.)_—
62%c
Consumers Power Co., $4.50 ^>fd.
(quar.)___
$1.12%
Continental Assurance Co.
(quar.)
30c
Continental Baking Co., common
(quar.)—
25c
$1.18%
(increased)
4-1
4- 1
4-1
3-15
3-29
3-29
1
4-
75c
Associates—
Fuel
&
Gas
4%%
2-13
4-9
40c
Consolidated
;
Power,
preferred
preferred
Central
Service,
Corp. (Calif.)
(quar.)_
$1.75
—_
(quar.)
Investment
preferred
5%
3-12
,,
.
$1,021/2
(quar.)
Public
preferred
Central
■
B
3-15
(quar.)
common
$$1.75
(quar.)
(quar.)
pfd.
(quar.)____
Consolidated Grocers Corp.,
1
Gas, com.
Light, 4% %
preferred A (quar.)
4.1%
4%
&
Illinois
Central
)
Electric
Utilities
Gas
—
4-
40c
(quar.)
4%
90c
$1.12%
$1
12%c
'
25c
$1.25
Lithograph
.
Co.
preferred series B (quar.)
preferred series C (quar.)_
Consolidated
•'
Eastern
—
Consolidated
___
Trust
&
(Bait.)
—
Consolidated
^____
(quar.)___
Co.
Bank
Pwr.
&
,—
3-31
Process______,
Storage
Central Hanover
Lt.
3-16
—,
Bag
(quar.)
3-15
5- 1
.
4-
4-15
50c
pfd. (quar.)_
——/-
(irreg.)
Products
Duval Texas Sulphur Co.
3-24
3-24
3-31
40c
$1.25
(quar.)
Steel
Duquesne Light Co.,,5% 1st
Durez Plastics & Chemicals
Y.—
4-1
Corp.__*.______.:_______
preferred (quar.)__
& Burlap (quar.)_
2nd
3-15
4-15.
5c..
—
Central
"
50c
7%
preferred
(quar.)
Cassidy's, ,Ltd, ,'7%- preferred (accum.) _____
Celanese Corp. of America, comimon____u__$4.75 1st preferred (quar.)____,L_
,
3-15
4-1
60c
(quar.)
common...——
1
N.
(resumed)
Bradstreet,
&
Dunn
£-12
4- 1
4- 1
4-15
75c
———
(quar.)_____
Inc., 4%%
preferred
7%
Dun
3-6
50c
25c
$3.50
(quar.)
4%%
3-16
4;
,
6%
(quar.)
Common
3-16
of
Co.
4-1
3-31
4-
$1
81 %c
'
du Pont (E. I.)
de Nemours & Co.—
$1.12%
$4.50 preferred (quar.)
—_——
87 %c
$3.50
preferred (quar.)/—",,
—
75c
Duke Pbwer Co., common——
'--'■
-.5-15
3-20
*25c
—.—
Consolidated Gas Elec.
3-31
$1
$1.50
Edison
\
4-15
———
(quar.)_
preferred
3%%
3-10
3-1
3-31
3- 5
6- 1.
4- 1
-
10c
(quar.)
Corp.
(s-a)
preferred
$5
8
4-1
$1.25
..
,
preferred
Common
5
3-
3-31
35c
(quar.)
3-
3-26
'
25c
(irreg.)'
preferred
4"k
Cigar
Consolidated
3-15
1
4-
3-15
50c
A
General
&
Consolidated
3-10
3-15
93 %c
;
(quar.)___
preferred B (quar.)"______l
Carrier
3-15
1
1%
50c
_____—
common
preferred
Mills, common
preferred
4-
3-15
3-15
4-15
4- 1
•
$1-50
'
—
Consolidated Dry Goods Co., common
(quar.)
Mfg.
preferred,
Quarterly
/.
(quar.)_
(quar.)
Carthage
6%
3-11
3-10
Carpenter Paper Co., common..
Carey Baxter & Kennedy
Carey
3-11
3-30
held._L
share
dividend)
(cash
3-10
Corp,
(quar.)_—
Dresser Industries, Inc., com.
Co.—
Power
(quar.)^—
—Connohio Inc., 40c preierred (quar.)
Consolidated Bakeries of Canada, Ltd.—
3-30
65c
River
3fc 5
3- 3
•
common.*.
Draper
3-11
3-11
2-25
3-15
3-15 '
,'3-15
$$1.50
—37%c
$1.50
75c
Inc.
4
.■•.'. —'.■
V—"
(quar.)—
Connecticut
1
4-
*
.,75c
'75c
___
Records, Inc., $2.60 pfd. (quar.)_
Carnation Co., common (stock dividend)—>
One share of Carnaco Equipment Co. (10c
Common
1
6%
Capitol
for each
Common
(increased).—
Conlon-Moore
Corp., 6% pfd.
(quar.)
Connecticut Light & Power (quar.)
3-18
.437%'c
.
par)
%
/J%.
Ltd.—
A (quar.)
Mills Co., common
B
(irreg.)
(quar.) —
Life Association (Toronto)—
Confederation
1
3-
4-15
•r
class
$1.50
1
4-
Publications
,
o**
4- 1
4- %>■
$1.50
$1.75
50c
12%c
25c
'
Community Public Service--u—----'Compo Shoe Machinery Corp. (quar.)—;-——
Nast
'
.
;
3-11
4-1
.
preferred
>'• $10c
___
Westinghouse
Light—
3-12
4-1
$3
pfd. .(quar.)$1.37%
->___.—
5J/2%
&
$6
$10c
Common
(accum,)
Congoleum-Nairn,
Common
Canadian
preferred
3-15
Co.—
Lumber
Western
$6
25C
preferred A iquar.) _______—
$3.25 2nd preferred (quar.)
—
Dow Drug Co., 7%
preferred (quar.)——
Dravo Corp., 4%
preferred (quar.)_——
'
(Del.)—•
Corp.
Co.,
%
$4
2-27
Holderi
Payable of Rec.
Share
of Company
Chemical
Dow
3-15
U5c
1
4-
.
Canadian
^
Name
Payable of Rec.
Share
——
&
Holders
When
Per*
,
/
■
(Louisville,
Insurance
(quar.)
Commonwealth
preferred
7%
r
■
417%c
Class
■
.
Company
Commonwealth
.
Canadian
%
•
Name of
3-31
4-15
$17%c
J20c
__
Holders
Payable of Rec.
Share
When
Per
'
4-22
6-15
3-31
3-31
3-
8
3-
J
Volume
167
Number 4681
THE COMMERCIAL
Per
When
&
FINANCIAL
Holders
:
■Per
'
Name
of Company
Froedtert Grain
I
&
Share
Payable of Rec.
12'Ac
r $2.20
preferred (quar.)—
55c
Fraser Cos., Ltd.
(quar.)—$75c
Extra
v.
$50c
4-26
Common
-—
Frontier
4-
3-20
50c
3-15
3-
3-15
3-
3-15
3-
1
(irreg.)
Co.
_—
____________
Co., common (quar.)
preferred (quar.)
preferred (quar.)_____—/
preferred
(quar.)
/
Garfinckel
(Julius)
&
Co.,
common
preferred
H.)
pfd.
(quar.)
6-11
(quar.)__
Winkle
Munnlng
3
3-31
Harnischfeger
3-15
5'A'A
preferred
(quar.)^__—__——-—
34%c
3-31
preferred
(quar.)—
28)40
3-31
5'/a
3-15
Garrett
Corp.
(quar.)
(Theodore)
$1.60
1st
3-20
3-10
3-22
20c
—_____;—
Gatineau
& Co.—
preferred
3-
Power
Ltd.,
Co.,
2nd
:
Corp.,
Container
Gemmer
Mfg
General
$4.50
.
(quar.)
class
Co.,
American
preferred
A
preferred
General
Builders
(increased
Co.
Supply,
1
Harshaw
1
Hart
1
3-10
3-
1
3-24
3-31
4-
3-22
10c
44-
(initial).
General
Cigar
General
Controls
6/0
Co.,
preferred^(quar.)
Hearst
4-
1
3-
8
T7e
3-16
3-
5
1
3-
3-15
3-15
37'Ac
1
;•
5% preferred A (s-a)
4% convertible preferred
25c
C
(s-a)_A
' $1
:"/v
__
5-10
,
General
Fireproofing Co. preferred v (quar.)
General Industries, 5% preferred
■■
General
Instrument
Mills,
Corp.
$1.75
.
(quar.)—
5(4
Motors
Corp., $5
preferred (quar.)
$3.75
Portland
Cement--
Precision
(.General
Public
$5.50
Corp-
preferred
General
5-
1
4-
5
4-
1
3-12
25c
;—
3-15
$1.50
5-
Signal,
Hinde
5-
1
3-31
25c
4-
1
3-12
4-
1
3-12
3-30
"
3)4)4
pfd.
33A%
preferred
preferred
1
_
(quar.)
4-
Class
Brewing class
A (quar.)
Class
B
pfd.
(quar.)
4)4(4
Gibson
Refrigerator
Gilbert
(A.
Co.
Glens
Falls
1
3-15
(N. Y.)
Knitting Works (quar.)
Globe-Wernicke, 7<fa preferred
Godchaux Sugar, Inc., class
$4.50 preferred (quar.)
25c
5-30
Gold
&
Stock
Telegraph
Golden State Co., Ltd.,
4% preferred (quar.)
Goodrich
(B.
F.)
3-
1
3-
1
2-27
4-
1
3-11
3-27
3-20
4
$5
preferred
Gordon
3-
B
1
3-
5*
3-15
3-
1
1
3-19
-1
3-18
4
4-
1
3-18
4-
1
3-10
4-
1
3-10
4-
1
3-15
40c
4-15
3-22
$1
3-31
3-
$1
._
3-26
$1.25
com.
(quar.)_
(quar.)__
$1
(quar.)
>
2-16
r;
2-16
■■
$12)46 1 mi 3(415
$12)4c VCJ-t-8+15
—
2-16
M
American
75c
_______
Insurance Co.
Quarterly
(N.
$25c
is
4-15
3-15
1
i
3-
1
2-20
,
4-15
3-19
dividend
"a
7,!V.'hll'-AfZ/-.
$$4.50
4-
Lakes
Great West
6%
2nd
Great
$62'Ac
_,
West Felt
Plating Co. (quar.)
Co., 50c conv. pref.
10c
(quar.)
Saddlery Co., Ltd.—
;■ IT:
1
3-
Imperial Tobacco Co.
;
(quar.)
Sugar Co..
$75c
>7(4 preferred (quar.)
Greenfield Tap & Die (quar.)
Ltd.
67o
Indiana
Griesedieck
3-
9
1
4-
1
3-11
25c
4-
1
3-11
4-
1
3-11
$1.50
75c
Products, Inc.,
(quar.)
Hall
(C. M.)
(W. F.)
firreg.)
3-20
1
'3-4
1
3-20
3-15
2-19
$1.10
3-15
3-15
3-
*25c,V
<
:
;>
(monthly)
,
20cy
a' 1 25c i
256
3-15
*69-
1
Co.,
3"
'3-20
4-30
4-
h
^
4-201
Interlake
Ltd.
1
4-
1
3-
4
3-10
3-22
$1.25
4-
1
3-22
4-154-
$1.25
—
4-
1
2
3-12
$50c
3-31
3-
4
$$1.25
3-31
3-
4
.$$1.06'A
3-31
3-
4
10c
Co
—
Inter-Ocean
Securities Corp.,
47o
pfd. (s-a)
3-23
3-8
3-31
2-28
4-
1
3-19
4-
1
50c
_
International
6 r/o
Bronze
partic.
Powders, Ltd.—
(quar.)— L
preferred
International
Cellucotton
A
V/a'/o
$37 VaC
—_
(incr.)
2-19*
'
4-15
37'Ac
4-
1
Harvester
Metal
Co.
(quar.)—.—__
•
3-15
Industries—
(quar.)
$40c
:A4-
1
3-
8
$$1.12'A
4-
1
3-
8
—
preferred
4-15
$1
(quar.)
Common
4'A
(quar.)
preferred
International
preferred
l7o
preferred
International
$4
Co.
International
Salt
International
Shoe
International
Silver,
Interstate
pfd.
67o
Iowa
America
(quar.)
3-15'
3-
1
3-15
3-
1
4-
1
3-15
3-31
3-15
25C
$1.25
Ltd.—
preference (quar.)
J75C
Selective
Fund
3-15
3-20
3-
preferred C
3-
1
3-20
2-28
4-
1
4-
3-15
3-15
3-15
3-15
2-28
933Ac
1
1
25C
Utilities
3-15
(quar.)1
3-15
3-
6-
1
5-10
30c
'9-
1
8-10
;30c
12-
1
11-10
-(S0c
-
-ii.-'—i :'
J
'•>
3-15
Irving Trust Co.
(John)
Shoe
Corp.,
(N.
Y.)
6%
pfd.
(quar. )'
(increased quar.)
37 VaC
20C
2-28
4-
3-
1
8
$1.50
$1.75
*
3-12
4-
3-15
7-r
6-15
10-
9-15
.5-
4-15
57c
pfd.
2.
4-
1
3-17
20c
3-31
3-15
$18c
3-15
2-14
37 Vic
3-31
3-17
40c
3-15
j.;.'-,$1
3-15
(quar.)——
V.
$25c
25C
■'
3-19
3-15
2-21
V
;v $25c
4-30
3-31
;3-15
1
3-23
183ic
4-1
3-23
SI.75
4-
3-10
3-15
15c
4-1
3-13
30c
5-
4-23
(quar.)—
■
Insurance
(quar.)
__
1
3-
1
1
30c
Co.
1
7-24
11-
1
10-23
7c
17
8-
30c
,
4-
1
3-
3
5
V2c
3-15
3-
37. Vic
4-
1
3-29
40c
(quar.)—
4-
1
3-15
37 Vic
com.
common
(irreg.)
!
__1
Co.
Lines
3-15
3-15
4-
1
3-15
87 Vic
3-31
3-11
10c
(quar.)
1
1
3-10
3-3
62V2c
1
$2.50
4-
1
3-17
25c
4-
1
3-10
$1.75
(quar.)__
4-
4-
1
3-10
$2
3-15
3-
3-29
3-15
1
A..
—
3 7 Vic
(quar.).
4-15
3-31
$1.25
4-15
3-31
31V4c
4-15
3-31
25c
3-15
3-
4-15,
3-15
$25c
common
1
$1.75
3-15
25c
-3-15
$1.25
3-31
3-
5
3-15
3-
1
3-15
3-
1
25c
50c
50c
-44-
3-
5
2-28
1
3-20
1
3.20
$1
3-31
$$1.25
3-15
$12'Ac
(H. R.)
3-20
12 Vic
(Ky.)
50c
Publications,
3-13
4*
4-
20c
(quar.)—
Co.
3-31
35c
15c
___
(interim).
MacKinnon Structural Steel
Co.,
5 7c
preferred (quar.)_
3-31
$7'Ac
3-31
3
17,
Ltd.—
2-23
Export Co., Ltd.—
(quar.)
(quar.)-
___.
Macy (R. H.) & Co., Inc
Mading Drug Stores, common
,
(quajr.)—
50c
4-
1
3-10
73-10
:
3»
8
20c
4-
1
4-15
4-
1
25c
Copper, Co.
Corp
4-15
133Ac
—I
(quar.)___
Car
3-15
2-27
25c
(quar.)
^
3-31
3-15
25c
3-15
3-10.
(quar.)„
25c
3-10
Brothers, Inc. (resumed)
2-25,
50c
4-7
3-17
25c
Mallory
(P.
R.)
&
Co.
Mangel Stores Corp. (quar.)
Manufacturers
Trust
Corp.,
Co.
(N.
Mfg.
Consolidated
Marathon
Co.
5 7c
preferred
(quar.)
Water
Co.,
17o
preferred
Market
Basket
preferred (quar.)
& Telephone Co., Ltd.—
:
:
(quar.)__.
Corp.,
(M.)
Marshall
$1.75
4-16
4-
1
1
3-11
4-15
3-20
4-15
3-20
4-
(quar.)
Co., 4W/e
(quar.)
4-
1
3-20
$1
4-
1
3-20
4-
5
3-20
40c
pfd.
1
15c
r_
4-
25c
Corp
&
3-29
1
20c
& Sons
Field
5
4-
$17'Ac
$17Vs«c
(quar.)
$1 preferred A (quar.)
Marlin-Rockwell Corp.
Martin-Parry
8
3-
$20c
L
common
3-
7'Ac
7 7o
Maritime Telegraph
Common (quar.)
5*
1
3-15
$1.25
Magnesium Products Corp.—
Common (irreg.) _:
Marion
3-
4-
60c
(quar.)
(quar.)
3-15
60c
Y.)
Marine
Marsh
3-23
•4-
3 7 Vic
participating preferred———.
Mack Trucks, Inc.
(irreg.)
Mapes
1
1
(quar.)_
pfd.
$1.50
Mandel
3-
4-
_4_______—
7%
■Extra
Co.
2-25
1
30c
>,
preferred
3-15
3-22
30c
quar.)
Electric
B
3-25
4-
■
Transit
A
2-23
V 3-10
12 Vic
;
(quar.)______,
Class
2-25
1
40c
Land & Exploration
(quar.)
Lowney (Walter M.), Ltd. (quar.)
Ludwig Baumann & Co. (See Baumann,
Ludwig).
Ludlow Mfg. & Sales Co.
(increased)
Lunkenheimer Co. (irreg.)
Lynn Gas & Electric (quar.)
Lyon Metal Products (quar.)
55c
$2
4-
3-22
50c
Co._
Co.,
Class
3-15
4-
____
preferred (quar.)
preferred ($25 par)
MacFadden
7-15
10-15
5c
.
(resumed)
Life
&
•
50c
-V/v'
Louisiana
4-
1
3-20
3-31
3-15
SI.06'A
3-20
Maryland Dry Dock Co.—
Common
1
3-15
3-12
1
$1.50
*
Angeles Investment
57o
4
V2 7o
Mascot
Mastic
(increased), (quar.)
preferred
Oil
Co
Asphalt
(quar.)—
1—
Corp
62'Ac
4-
1
3-15
$1.12'A
$1.12V2
4-
1
3-15.
lc
3-25
3-15
10c
3-15
3-
7c
3-25
2-27
$25c
3-15
2-28
$62'AC
3-15
2-28
1
Massachusetts Investors Second Fund—
•
Irving
1
4-
'
;
Common
2-28
25c
A-.'
4-
$1.50
(quar.)—
Gas
1
3-1
3-2*
$1 -
(quar.)
(P.)
Louisville
::
3-
3-15
——
Corp.
A
Los Angeles
.
Manufacturing
Quarterly
Quarterly *
1
$1.62'A
(quar.)
-m-
Fireman
4-
$1.50
Service, common
preferred (quar.)
3.75%
Iowa Southern
$1.75
((accum.)
Public
Los
1
3-20
7c
(irreg.)
4-15
2c
2c
(s-a)
i
Electric
67o
i
3-20
50c
Light & Power—
7%
preferred A (accum.)
6V2V0
preferred
(accum.)
Iron
3-11
1
Foundation,
convertible
Investors
3-15
1
4-
40c
of
Investors Royalty Co.
Extra
1
4-
$1.20
(quar.)
Investment
4-
43 %C
3-15
5
5- 1
;___
;
Magnavox
(quar.)
3-15
1
t2c
(quar.)
(initial
preferred
5
(quai\)
Corp. $4.80 pfd.
Mills (quar.)
Hosiery
Intertype Corp.
Investment Co.
$5
pfd.
7%
5
75c
7%
Lorillard
3-
3-15*
3-1
4-
$1.50
___________
3-
1
3-15
$2.50
(s-a)
Lone Star Cement
Corp. (quar.)
Lonergan Mfg. Co., class B—
Lorain Coal & Dock, 5%
conv. pfd.
Lord & Taylor (increased
quar.)
Magor
4-
3- 5
3-
;
40c
Ltd.
(quar.)_______
•
5-10
3-31
25c
(resumed)
Hosiery Mills, Ltd.,
class
Magma
3-10
3-12
3-31
25c
_
(quar.)
Extra
80c
1
Co
Bakeries
London
4-
3-30
3-12
1
5-20
20c
-
(quar.)
1
Inc.
1
3-20
Co.
el
Stefl Chain
Loew's,
5-
.3-30
1
4-
20c
Quarterly *
1
$1
3-12
4-
common—
Corp.
National
2-19
75c
3-15
1
10c
(increased
B
4-
i/:yv/'i 25c
(irreg.)—.——,;V.
-75C
Co.
Co.
preferred
1
__————
1
4-
$1.12y2
(quar.)__
Mining,
Industries 4%
Salt
3-20
——
Inc.*
Realty
5-
(quar.)_
common
Corp.
2-28
4-
35c
Shore
tSl.75
(quar.)!
Co.,
(quar.)
Products
France
Locke
3-19
3r19
2-28
3-15
4-
t83Ac
■
—.
Paper
preferred
t40C
3-30
3-30
-
yA'v-,; $1
Canada, Ltd.—
——_
(quar.)
($5 par)
International
Interstate
of
(quar.)
7'h
40c
—.„—
(quar.)_
Nickel
3-25
3-15
25c
v
1
8-
MacMillan
International Minerals & Chemicals—
4-
60c
Lindsay Light & Chemical Co., 7% pfd. (quar.)
Lipton
jThos^ J.), 6%- preferred (quar.)
3-15
3-22
"
International
Class
Products
3-12
3-10
$1
__—___——
2-20
$1.50
(quar.)
(quar.)
common
Gold
J ; Quarterly
Lincoln Petroleum
2-28
25c
International Business Machines—
New common (initial)
J
3-25
3-15
2'Ac
—
4-1
t$6
50c
(annual)
3-20
11-
Lincoln
-
'2-17
1
(interim)__________
1
4-
2-17
! =
4-
—
prefer,
2-17
3-31
3-20
Steamship Co._
3-i 5
1
3-20
3-31
18c
(quar.)__
com.
Copper
Shares, Ltd.—
Group shares___—
Bank
(3-51
'!
"
20c
1
3-31
1
Institutional
1
7-31
3-10
'
(resumed)
(John)
1
4-
V:..'"' $1
(quar.)—______
Iowa
5-
Ltd.,
(quar.)
preferred
Inglis
4-
37'Ac
(quar.)
preferred
Ingram & Bell, Ltd.. 6%
Inspiration Consolidated
3-1
1
pfd. A
5V2 7o
2-19
7 VaC
Printing Co. (quar.)—;
Mines, Ltd.
3-29
4-
15C
Haloid Company, common
4%
preferred (quar.)
3-18
4-
$25c
3-13
'
______
\y*<io
3-10
25c
(quar.)
3-19
3-31
£-31
preferrcd
preferred
Lima-Hamilton
3-15
$1.03'Ac
3-13
GVicr
;
Liggett & Myers Tobacco,
Lily-Tulip Cup Corp
3-19
5
,
,r,__—
Industrial Acceptance,
3-15
1
1
75c
,
Hallnor
4*
$1.50
1
Lamp Co.
4 VI
4-
$1.50
Oypsvm Lime & Alabastine of Canada, Ltd.—
.«
Quarterly
Quarterly
~
Hall
3-10
„
:
common
3-29
$3
pfd. (quar.)
Class A
2-27
$1.25
(quar.)_
Gum
3-20
35c
(quar.)
Oil
Corp
.1
Gulf Power Co., $6 preferred
(quar.)
Gulf States Utilities, common
(quar.)
3-15
$50
(quar.)'________„___
(quar.)
1
25c
t.
4-
f
(quar.)—
—
3-10
3-
(irreg.)
Gulf
preferred
2
$1.06'A
Guahtanamo Sugar, $5 preferred
Guaranty Trust Co. (quar.)
Guilford Realty (Maryland), 6%
$4.40
3-10
1
v
Corp.
Group No. 1 Oil Corp.
Co.
2
3-19
•
(quar.)
Grinnel
Watch
4-
4-
pfd. (quar.)__
Brewery
Michigan Electric Co.—
preferred (quar.)
Common
(quar.)
Indianapolis Water 5%
3-10
4-
1
5
3%
2-27
3-31
$25c
75c
3-19
4-
$20c
2-27
3-31
$1.75
Class
3-19
r.
4-
$10c
./
(s-a)
&
preferred
3-31
Ltd.—
______
Common
2
Canada,
—
2-28
4-
30c
common
Western
3-15
$5c A
6(4
of
4V»7t>
Indianapolis Bond & Share Corp. (irreg.)
Indianapolis Power & Light, 4% pfd. (quar.)
b%
3-31
30c
3-31
50c
Brothers, Ltd. (quar.)___f;_
Liberty Fabrics of N. Y„ Inc. (quar.)
Liberty Loan Corp., class A—_____________
v!3- 8
$$3.75
3-18
Lehigh & Wilkes-Barre Corp. (quar.)—
Electric
Co.
(increased)
3-27
3-18
25c
(interim)
preference
4-10
'
Final
vY
3-10
1
3-31
$1.75
.__
(quar.t_
Greenwich'Water System,
Greyhound Corp.,
4y*% preferred
3-15
3-22
40C
(quar.)___
—
Greening Wire,
3-31
4-
40c
com.
Ordinary
25c
4-
•'
2-17
1
25c
com.'
Irregular
.
5
1
4-
Leland
5
3-
1
3-
$1.75
7
3-
3-20
(quar.)
Lefcourt
3-19
1
3-15
(Toronto)—•
'
3-15
(quar.)
Leslie
4-
OO
Co.
1
25c
Lewis
34-
35C
(quar.)
4-
(John), Ltd.
1
3-10
4-15
$$1.25
(quar.)
3-1.5
________
3-10
30c
Quarterly •
Imperial Paper & Color—
4
v.
preferred
Western
Special
Gruen
$12'Ac
(Ontario)
1
$37 V2C
quar.)___
Lanett Bleachery & Dye Works
(quar.)—_
Lang (J. A.) & Sons., Ltd. (quar.)
3-20
$1.50
;
Great
Great
Co.
International
paid by Great American Investing Corp.
Great Britain & Canada Investment
Corp.—
$5 preferred (accum.)
Great
Cement
i
1
40c
*
4-
$1,12j/2
Co.
preferred
Lane-Wells
8
50c
.
3-
37 y2c
Mines, Ltd. (quar.)'
Landers Frary & Clark (quar.t—
4-15
1
4-
&
Lake
1st
Lake
:
3-24
3-15
2nd preferred
La
3-20
3-25
■f-
56'Ac
Assn.____
.
30c
Lakes Paper Co., Ltd.—
Class A preferred
(quar.)
.3-
..
'ftjia-15' nu'2-25
10c
Y.)—
extra
an
2-16
3U15
•:n
10c r. .J.-;
;
this payment
Ideal
2-16
$12V4c >:id;3rl5
_
Breweries
Imperial Life Assurance
3-12
3-10
$1.25
(quar.)__—
8
3-12
:
3-31
u
t$l
Manufacturing
:
Grafton & Co., Ltd., class A (quar.)___
Grand Stores Co., common
(quar.)__
Great American Indemnity
(N. Y.)
(quar.)
5c of
4-
12)4c
(quar.)—
Gorham
5*
$1.12)4
Special
Great
-1
4-
20c
<quar.)—_
Mackay Stores, Ltd., class A
Class
56'Ac
"
Goodyear Tire & Rubber Co.,
(quar.j__
,
3-20
3-20
3-20
:
•
3-
3-30
25C
V";,.",
(irreg.)
Hyde
$1.50
Canada
Ai____
—
1
'
Co., common
30c
3-24
1
(quar.)
Laclede Gas Light Co
.'..Laclede Steel Co._—_
2
5-
$1.50
;_.
5
Park
3-20
25c
preferred
3-
35c
_____
;
(quar.)
(quar.)
Motors
4-
'
5-
3-
1
3-20
V:
1
4-
7%
9
3-26 /
20c
(Harvey), Inc. (quar.)___
Humphreys Mfg. Co., common (Increased)
5-26
62'Ac
common
of
Co.
Electric
1
-r
40c
(quar.)
$5 preferred (quar.)
Goodyear Tire & Rubber
convertible
Sound
;: 3-15
30c
(resumed)__
3-
,
4-
$1.12 Va
4-
25c
2nd preferred '(quar.)
2nd preferred (quar.)__i
Labatt
2-20
__________
.'
G7o
preferred (quar.)
Huron & Erie Mtge. Corp.
15c
_________
3-15
.
25c
(quar.)___
Corp.
1st preferred
1st preferred
6%
3
$1
$1.06'A
3-15
17c
3-12
vy
2-28
1
33c
non-cum.
6%
5
3-15
Industries
convertible
.17c
3-19
3-30
50c
common
3-16
$1
Bros., Inc., common
preferred (quar.)
3-
1
3-19
—
(irreg.)
3-16
$1.75
Goldblatt
Co.
3-30
(quar.)——
3-31
4-
30c
4-2
—
3
50c
.;
(quar.)
Mfg.
$2.25
,?
3-10
1
'
Inc.
87)4c
___—
2-28
3-
4-
3-
3-15
1
4-
conv.
6 7c
3-
$1.75
47o preferred
(quar.)___
Kroger Company—
4-20
3-31
C-
15c
12'/2C
1
3-15
1
3-15
$1.12 </2
(quar.)
Oil
Koppers Co.,
2-16
V;
1
4-
75c
4V2 7«
$6
4-
$1.25
50c
Klrkland
2-25
3-26
J-W'Vi, 25c
Hubbell
(quar.)___—
A
3-15
3-15
(quar.)__
______
V
'
__________
(quar.)
Houdaille-Hershey Corp.,
3-30
:
3-15
4-30
$6c
Bearing—'
Hotels
$1.12)4
'
Globe
&
3-15.
,
50c
Glen-Gerry Shale Brick (quar.)—
Gltdden Co.i common (quar.)
4)4 So convertible pxeferred (quar.)
$2 .50
3r20
sr
4-
3-23
37 V2c
Kinney Mfg. Co.,
3-19
3-10
..
Corp., 67o pfd.
Statler Co.
(irreg.)
Howell
60c
3-22
3-31
50c
—_______—
6-15
25c
1
4-1
50c
4-15
(quar.)——
(Walter)
5%
•'
Co.—
Gibson
Howe
—.
Co.
Hotel
2-20
Coal
Insurance
Hoskins
6-15
7-
*4-
3-15
________
—
Alden
4-
$1.25
"
3-25
$1
Corp.
15c
Gleaner Harvester ,(quar.)___
Extra
AVaVo
Horder's,
4-
(quar.)
2-28
25c
i
b
$1.50
Kingsport Press, Inc. (quar-.)__—"
King-Seeley Corp., common________________
•;*'
(quar.)
Co., common (quar.)__!
preferred (quar.)
3-19
3-19
3-30
C.)
''
50c
(quar.)____
preferred
Ball
3-31
$1.25
Co,, $3.50 preferred (quar.).;
.Gillette Safety Razor, $5 pref (quar.)—
Glrdler Corp.
*
Hoover
100(4
—
_.
Gerrard
Hoover
$1.50
—
Co.
Mining Co. (quar.)
Co., Ltd._______
Oil
$4.25
3-15
3-19
15c
Co., com. (stock dividend)
preferred (quar.)
(S. A.) Co, preferred <s-aJ_____—
Paper
Electrochemical
3-31
V
15c
Products
3-16
25c
Gas
Honolulu
Hooksr
1
15c
$6
(quar.)
Honolulu
3-15
15c
(quar.)
;
Class B (quar.)
Georgia Power Co.,
$5 preferred
(quar.):
Dauch
preferred
3-31
$1.06)4
A
&
Homestake
3-12
3-15
1
4-
933Ac
1
"
■
81 '4c
(quar.)—
4)4(4
(quar.)
$4
,
—
Rubber,
1
3-16
3-15
25c
5
3-
Kingsbury Cotton
I
4-
3-
1
—
2nd preferred
(quar.)
preferred
(quar.)
Oil Co.- (quar.) 4_——__
Kingspoprt Press, Inc. • (quar.)
6
4-
:
1
6
Copper Corp,__—
Co.
47a
6
35c
Co.__
Battery Co., class A (accum.)__
Hollinger Consolidated Gold Mines (quar.)_
Hollingsworth & Whitney
9
3-
3-31
33-
4-
25c
Hobbs
4-
1
A- l
Co.,
Kimberly-Clark
3-15
■
$25c
3-31
$1.50
——
4■
4-
Co.____
preferred
Kidde
3-15
,
3
4t17
1
4-
Series "B-4
5
Paper Co. of Canada, Ltd—
2-25
3-31
(quar.)—
common
(quar.)_v
&
& Dauch
1
—
Tire
Hinde
5-1
$1.37)4
—_
1
25c
$1
_—
Refractories
General
5
3-31
(quar.)_____
<quar.)_
Railway
4-
4-15
—'7-:
50c
Telephone Corp., common (quar.)
50c
preferred (quar.) _______—
7 : ■> 55c
General Time Instruments Corp.—
Common (quar.) ——
40c
4V\7o preferred (quar.)
$1.06)4
Glen
Hershey Creamery Co. (quar.)
4
"Hewitt-Robins, Inc. (quar.)_-4__4________-';
Hibbard Spencer, Bartlett & Co.
(monthly)-
::
4.407c
-
Hercules
/>. 20c
_____
—.1
General
Gerber
3-20
1
(quar.)
preferred
General
(quar.)_
Service, $6 pfd.
preferred
Genesee
Cement
3-10*
5-
&
common
•
3-16
"Vs
1
4-
3-
(quar.)
Keyes Fibre Co., 6 7c prior preferred
(quar.)
Keystone Custodian Fund, -series S-l
2-25
:
4-
34 %c
(quar.)__
1
25c
Equipment
General
$$2.50
1
$1.25
(quar.).
3-15
$25c
2
933Ac
preferred
Plywood
6elo
(quar.)
preferred ■(s-a)*_ii____:L__;~—--
Powder
preferred
(quar.)
Kerr-McGee
2-13
;
3-
5-
4-
Special
1
1
3-20
*
25c
Canada, Ltd
1
'
4-
$1.25
3-
3-22
$1.75
Common
Hercules
3-13
$1
1
't;:
L„
-
General
$4
3-20
3-15
91'Ac,.
!
Ltd.—
pfd.
c
'■: 45c
:
—
Corp
Hercules Motors Corp
,
B
Kennecott
3-12*
3-
3-
50c
(quar.)
(Julius)
$4.50
Kerite
50c
4-
25c
(quar.V___—_
General
I
1
1
3-15
25c
4-
$1.25
(quar.)____
preferred
(irreg.)___.
i
'
General
)
.4-
4-
3-15
3-15
$1.25
common—.
(quar.)—,
Kendall
3-22
3-15
43%
____,
Hendry (C. J.) Co., 5Vi 7o
1%
General
Brewing Co.
Corp.
J.) Co., common (quar.)
preferred (quar.)
(Geo. W.) Co., common
5%
preferred
Class
2
1
4-
25c
Helme
5-25
3-
4-15
•
VVi; 25c
;'
Co
77/o
preferred
(quar.)
Hendershot Paper Products,
.
—
—
3-15
5-10
7 7o
Kayser
Inc.—
(accum.)
3-12
.
1
3-15
3-15
60c
—
5
30C
(quar.)
Publications,
1
5-2S
3-15
75c
|H.
3.65 7o
preferred A
Kelsey-Hayes Wheel, class A
___.—_■
1
(G.)
3-
1
1
933AC
(quar.h■*Drug Co. com. (quar.)
preferred (quar.)
Kaynee Company, common (quar.)—-.
.
(quar.)
4-26
4-
40c
Mining
Co.,'Inc., common (quar.)
preferred
(quar.)___
Stephens & Shinkle Shoe Co.—
$4.50
2-28
3-
25c
Co.
preferred A
Heinz
•
-
Glass
Hein-Werner
2-13
4-
3-15
3-31
4-
3-29
35c
(s-a)
Katz
1
3-15
pfd.
Electric Power, 57o
pfd. (quar.)
Joslyn Mfg. & Supply
!
Kalamazoo Vegetable Parchment
3-19
$1.
2-27
50C
7%
Kelvinator of
Corp.
Heileman
5
25c
Co.—
preferred
Consolidated
Hecla
3-15
25c
._—
Corp.—
Hazeltine
1
3-31
i
Finance
'
Hazel-Atlas
3-19
3-15
.
General Electric
General
3-23
25c
(quar.)_____
common
Tobacco
non-cum.
3-
31'Ac
.
common...,
Co.,
$3
1
10c
Hayes Industries, Inc
4-
15c
.—
Hartman
3-18
3-15
3c
31 VaC
50c
3-12
5-
(quar.)
Battery Co
(quar.)
Co., Ltd.—
3-18
4-
4-
2-27
1
4-
$1.25
Kansas
3-19
$1.25
Sulphur,
Joplin Water Works, 6'Jo
3-10
35c
Hartman Tobacco, $4 prior preferred
Hawaiian Commercial & Sugar
Co.
5 7c
3-31
12y2c
2-27
1
4-
.
$1.50
(quar.)—
Jones
3-20
3-
3-
1
1
l
4-
xl'A 7o
Co,____
Quarterly
& Laughlin Steel,
•!
3-15
3-
Chemical
4-
4-15
$1.12 Va
3-31
3-
_
5'Jo
convertible preferred
(quar.)—
General Candy Corp.
(quar.).:
3-20
3-10
1
quar.);__—L-Lli
common
3-15
1
12 Vac
1
Amer.
Box
1
4-
UVaC
75c
(irreg.)
4-
4-
x$1.75
__„V
Holders
Payable of Rc'c,
25c
Tea
33A 7c
6
:—
1
(quar.)
com.
3-15
quar.).—
Corp
4-
$4.25
General
Mfg.
3-31
$1.25
4-
1$1.12 VA
Transportation, com. (quar.)
75c
preferred series A Aauar.)_.i_______K $1.06'A
General Baking, $8 preferred (quar.)
*
$2
General Bottlers,' Inc.
-4————
12V4c
General
Haskelite
Jewel
15c
(quar.)_
4-
37)40
__—.
Investors,
(quar.)-;
1
Jefferson
4-
A
Lake
3-19
4-20
—
Electric
3-19
$20c
$30c
—
preferred
Jefferson
1
(quar.)
common
$$1.38
preferred (quar.)_i—^
5V2V0
preferred (quar.)
3-19
1
$1.50
t$1.25
(quar.)—
com.
5 7o
Gaylord
10c
_
5%
3-10
1
Johnston
$5
preferred (quar.)___
Harrison Wholesale Co. (increased
,
(accum.)..
1
(quar.)
Telephone Corp-—
1st preferred (quar.)
4-
25c
—____—
Gary
4-
A
67c
3-10
4-
.
1
preference
Ltd. com. (quar.)—
(quar.)—
preference C
4-
—
_______
————
4-
7%
5%
When
Share
Service,
53
Jamestown
Refractories—
Harrisburg Gas, 4'/2 % preferred (quar.)——
Harrisburg Steel Corp. (quar.)
Harris-Seybold Co., common________
3-15
4V2'/r
2-24
f
Public
$1.25
—
preferred (quar.)_„___
Harding Carpets, Ltd.____
3-15
37'AC
2-25
35c
.6'■%
9-10
12-
1
Jamaica
2-24
3-10
$1.12 Va
common
preferred
Hanson-Van
9-30
3-15
$1.06 V\
(quar.)_____________
Harbison-Walker
4-
3-15
$1
25c
(quar.)
common
Per
Name of Company
3-15
35c
5%>
3-12
12-20
1
4-
25c
(quar.)
Co.,
Knitting,
3-12
6-30
25c
(quar.)
preferred
(P.
3-31
30c
—
4V2%
Hanes
3-31
30c
——
common
1
30c
—--—,
6% preferred (quar.)
Galveston-Houston Co. (quar.
;
10c
30c
,
________
_—
6 %
Co.,
Instrument
(1193)
Holders
Payable of Rec.
$12 Vac
1
10c
(interim)——_—__
Hammermill Paper, 4V*7t>
5
14c
Watch
When
Share
t
Ltd.
convertible
Hammond
3 31
12 'Ac
Inc.
Investors
(Robert)
6%
4-26
(quar.)__——
Gabriel
G'/o
4%
3-31
Market. Cold Storage (initial) —V™-
Fundamental
Gair
*
Bridge,
Hamilton
4-15
4-30
--
--
Industries,
of Company
Hamilton
4-15
4-30
Fulton
Name
Malting Co., Inc.—
CHRONICLE
—
Massey-Harris, Ltd., common (quar.)„_
$1.25 convertible redeemable pref. (s-a)_
THE COMMERCIAL
(1194)
54
When
Per
Name
Works,
Alkali
Mathieson
7%
(quar.)
Maytag
Company
McColl
Prontenac
4%
'
Corp.,
Stores
Extra
4-20
3-30
3-31
3-31
3-15
87c
60c
$1
25c
4- 1
3-15
4-15
3-15
3-15
3-15
3-
3-30
3-30
3-15
4- 1
3-20
3-15
2-26
-----
preferred (quar.)
McKesson & Robbins, Inc., com.
$3.50
preferred
$4
-
(quar.U___
(quar.
McLouth Steel Corp.
Extra
McPhail
Corp.
Candy
conv.
Stores
Ice
Merchants
6%
Co.,
<te
Cold
&
preferred
Merck
(quar.)
Co. (quar.)
—
Meredith-Publishing
Machine
Mesta
;
Co
.—
(quai\)____
pfd. (quar.)—
Bros.
,6%
.
preferred
preferred
Steel Products,
Midland
8%
3-30
4- 1
$2
pfd. (quar.)
conv.
1
9
3-30
3-J9
15c
20c
56 Vic
25c
25c
4-15
4- 1
4- 1
4- 1
3-16
4-
Inc., common___
preferred (quar.)
J.)
(quar.)
Co.,
convertible
(D.
(quar.)
Minneapolis St. Paul & Sault Ste. Marie RR.
Minneapolis Brewing Co.
■
Common
series
&
Minnesota
A
Valley
5%
(quar.)
Power,
B
S.)
,(J.
Ltd.
Co.,
Mitchell'(Robert)
Modern
'.2-1
(quar.)
Service.:
Mohawk Rubber
J50c
725c
(quar.)
50c
Co
Normetal
4%%
5%
(quar.)
preference
Monarch
Lift
(Springfield,
Ins.
Semi-annual
(2-27t.
s80c prior
80c
com. (resumed)___
(quar.)——
Co. $3.50 pfd. (quar.)__^_
Monsanto Chemical Co., $3.25-pfd. A (quar.)
Montgomery Ward &-Co.,-common '(quar.)_
North
3
3-ur
-
6- 1
-4-15
4-1
3-15
3-15
4-1
4-15
4- 1
.
ij.; 4- 1
4- 1
4- 1
4- 1
4-1
_
$7
Mfg.
Corp.,
preferred
preferred
pfd.
(quar.)
12%c
12Vic
25c,
(initial).
Munising Wood Products Co., com.
preferred
$2
.
(initial)
Murray Corp. of America, common
4%
preferred (quar.I!___
(G. C.) Co., 4%% pfd. (quar.)
Mfg. Co. (increased)
Mutual Ohemical, 6%
preferred (quar.)
$1.18%
50c
Murphy
67o
preferred
(quar.)___
6%
preferred
(quar.)
$1.50
preferred (quar.)_____
1—,_1
Muskegon Piston Ring (irreg.)——
6%
Mutual
System,
(F. E.)
Myers
Nachm&n
Inc.,
(quar.)
Straus-Duparquet,
Biscuit Co.,
National
Breweries,
(irreg.)
7%
common
Ltd.,
(quar.)__
Welding
National Fire
—
Insurance
Co.
National
$1.50
preferred
National Hosiery
Class
Class
Ltd.,
Grocers,
A
common
(quar.)—
(quar.)__
Mills, Ltd.,
(quar.)__,
A
(quar.)—
Class
A
,(quar.)_
Class
B
(initial)
—_—
class A
(quar.)
——_—_—,
________
.
Brass
3-
1
3-15
3-15
3-10
3-20
3-17
3-18
3-18
6-17
9-16
12-16
3-12
3-31
3-15
8
8
4- 1
4- 1
3-15
440%
•4 % %
5%
Ohio
Match
Ohio
Oil
9*
Old
12-16
3-20
4-
1
7-
1
1
9-20
6-20
-
;12-16
3-20
3-20
.2-28
Oliri
Omar,
6%
Inc.
8%
in
Power
15C
(quar.)
4-15
v;
50c
____________—
4-
V
6%
30c
,
:;
-.3-
.
Ontario
Partic.
Ontario
________
6
■'
2-
2
\3- 5
v.'" 3-- 5
-4- ;i:
3-12
4-1
>
3-13
4-20
7%
4-
725c
v
1
1
3-
3-24
3-31
"3-10
4-
1
3-15
$1.10
8
4-
l
3-
4-
1
3-
5 %
4-
1
3-
8
25c
—
••
25c
4-15
25c
3-15
3-15
97%C
4-' 1
.
3.9%
(quar.)
(irreg.)
pfd.
Co.
50c
2-23
2-10
Co.
pfd.
3-25
(quar.)___ ?■;<' $i
A
Pacific
Pacific
3-31
Pacific Gas
4- 1
3-15
3-
5
3-20
7-22
9%
Ltd.,
A'/it
Pacific
3-12
3-12
3-
5
6-
6%
Pacolet
Mfg.
1st
Publicker
$4.75
Common
$5
Pan
American
9-
3
3
Panhandle .Eastern
3-
5
4%
preferred
6%
3-12
preferred
4-
$1.50
Pipe Line,
(quar.)—
$3.50
Co.,
4-
'
2-10
,2-<16
4-
1
$i:7.5
1- 2-27*
3-31
•
(
y2-
3-31
.
(quar.)__
50c
50c
•2'%%
3-10, f
•3-23
"
3-15
i,
S-10
„
13- *5)
.
8-31
3-15
$1.18%
2-27
c.
$1.25
;
50c
.
4-15
3-26
r
2-27.
3-15
$1.25
—
4-
1
3-10
*
4-
1
4-
1
3-15
4-
:v $1.25
"C
25c
1
3-15
$2"
4-10
$1,50
5-31
30c
America—
of
1st pfd.
Red
Owl
3-15
3-15
5%
Reed
3" 4
3--V9
3-19*
3-25
$1,25
4-15
3-31
3-15
3-
1
15c
3-29
3-
6*
20c
3-29
$1
3-31
3-12
5- tp
.:
f
2-27
Co.
preferred
3-19
3-31
8
5- 8
%c
4-
1
3-15'
740c
4-
1
3-15
3-15
2-27
"4- 1
1f.3-15
2%C
pfd.
conv.
pfd.
(quar.)_
$1.75
Grain,
Reliance
Mfg.
3%%
conv.
Ltd.
4% pfd.
(111.)—,
.
preferred
dividend
for
Inc.
3-45
v..
j
.(
1
'4-1
'W'
t
'3-18,:
3-
I
3-
•
1
(
.31,
;
,
>2-20,;
3-15,
3-75.L
■_:3-31
■
6-a
9-
1
12r
1
31 %c
'
40c
t\
7$1
3-15
5-14,,
8-13,;
11-72.
3-19,
3-19
r;
2-27,
»
(quar.)—_—
(cash dividend)-
87%c
-
95c
*
4-.1
4- .1
5%--~.t 4—
(quar,)
;
/.'
9
3-
9
4.
1
3-
0.,
775c
4-
1
3-
3;.
.
>62'%c
(quar.)
,
3-161.
.3-
$1.19%
common—
Republic Investors Fund, .Inc.-—
.6% preferred A (ouar.)___.
6% preferred B (quar.).:
.j
t
740c
140c
-
.
preferred (qpar.)____
Renfrew Textiles, Ltd., class A
Motors,
4.
740c
•
(quar.)_
$4.50
Reo
...
•
Remington Rand, Inc. com.
Stock
'
25c
preferred
Co.
3-15
$1.25
non-cum.
Reliance
j:
3-1
4-1
:(4-. i,
'
Ltd,—
5
3-
3-1)
.
25c
15C
((Juar.)
preferred. i(quar.)__
$1.60 non-cum. pfd. (quar.)
;
'
Reis (Robert) & Co., $1.25 prior pfd. (quar.)
Reliable Stores Corp. (quar.)——
non-cum.
4- ,?
$1.18%
—
1
VI
.
1?%c
(quar.)_
3" 2,
;•
4-1
50c
(quar.)____^
preferred A
Co.__——
$1.60
4-
50c;
prior preferred
Bit
60c
-
(quar.)_
; 3-15
,
3-15
'
50c
(quar.)-
(quar.)
1st
3- 5,
,
1
3-15
25C"'
m/
1,
3-12,
4- 1
93 %c
(quar.)
(quar.)
preferred
4-
37 %C
(quar.)
4%%
$1.60
•
6-
15c
«
(quar.)
Brothers, Inc. (quar.)
Hosiery Mills com.
Roller
.4-
,h-.
(quar.)
$2.40
■-..<■ )
■;
>
(quar.)..
Regent Knitting Mills.
3-15
4-15
'
Corp.
common
non-cum..
Stores,
.
87 %c
Silk
7%
1
5-15
Co., 4%
v
(quar.)
2
3-1
3^22
■,% 75c
Co.,
preferred
2nd
4-
6-15
Purina
-
(quar.)
4%
'
$2.50
3-10,
"
Corp.
$2 .preferred
Real
1
r.
2-27
75c
Co.,
Reeves
5
j..
2-27 t
■
"3-23
$1.75'
Reading Tube Corp., class A
1
4-15
„
3
"8
f *■*%
-
,____
Mfg.
1
4-
$1
voting
Refining
Inc.,
1
4-
75c
-
(quar.)___„_
Rayonier,
3-15
;
.
(stock dividend).
com.
Raytheon
1
(quar..)_
3415 '<
■:
■
_j.__
Reading
$1.50
com.
2-46
3-15
i
:
2-10
3^15
$2
•
2-27
'
4.-15
$1.75
common
Electrotype
4-
,50c
37
r*
-
3-IS
.
50c.
^
8
3-
1
.
(quar.)
3-15
50C.'
-
v.
•
3^
.2-27'
3-37
$1-25
(quar.)
(Pittsburgh)
Rapid
3-
4-
5
3-19'1
C
1
3-15
S
;^t
(quar.)
Oil
conv.
Rand's
4-1
50c
pref.
4*
V
35c
common
preferred
Corp.
4-15
•'•:
$1.25
Ltd
4-
1
_3-26 Vy 3.,-;• ■■ f
45c
'
3-19'"*'
'
State
Radio
-
(s-a
t
"
(quar.)
3-
4-15
1
3-19
5c
common
^
3-12
5-
.
:60c
$1.25
3-15
5-15
4-
3
2-27-
3-12'
4-15
$7
Corp.,
Oats
.4-75
725c
(guar.)
3-
1
4V*
Y.)*-
(quar.)
preferred
Quaker
5-15
(quar,)____
■
Quaker
3-12
75c
Investors,
12-
3-;10
''
3-. 1
_'.
'
•
3-15
4-
•
_
t
••
3-15
37 %c
preferred
(N.
3-19sf
3-19J"{
'
3%%
$1.12%
pfd.___
3-15
-
1
3-
4'15.
4-15
7$4
Inc.
Ralston
$1.50
—_
Tubes,
•:•■
■■■*
1st
Trust
(quar.)_.__ia___i
Pure Oil Co., 5% Conv. preferred (quar.)
5% convertible preferred (quar.)
:__
Pyle National Co. ,com. (quar.)____'
8% preferred (quar.)
3-15
4
Page-Hershey
3-155}
3- -5s'
3-31
Oklahoma—
preferred
prior
3-20
(quar.);____
$5
&
of
Industries
Pullman,
:725c
•
(quar.)
8-31
4-1
.-
3-10
Inc.—
Co
5%
3*
8.
3->15
4-1
71 %c
(quar.)
Puget Sound Power & Light—
1
;
(interim).:.
Ltd.
preferred
2
7 $ 1.25
& Telegraph,
(quar.)_.
Co.,
8•
'3-31
'
7%
4-
Ltd.—
Telephone
preferred
3-15,iJ
3-
3-25
pfd. A -(quar.)56%c
Common, non-voting
4-
7$1.75
Investors,
Service
Public
3rl5
4-21
4-.1
?'
^
3-10
3-10,.,
3-10'/
V
20c
Car
3-20f'
1
3-15
" 4- 1
25c
f40c
:
%
Squar.)_________
Co.
preferred
7%
.
Publication
2-28
(quar.)
Motor
4-1
1
,4- 1
'"4- 6
7.75c
of 'New. H»itipshire.___
Radio-Keith-Orpheum
preferred (quar.)_
Co., $5 non-cum.
Electric (quar.)
Mills
4-
75c
Mines,
Bank
preferred
3-15
(quar.)__
/,
''
7$1.50
•
________
pvefprred
$5
725c
com.
(quar.)
Public Service Electric & Gas-—
2-28.
715c
Co.
4-
<••
••
v
:
Service
t $ 1.25
(quar.)
(quar.)
Lighting Corp.,
Pacific
1
,
.3-
3-15
75c
Inc. (quar,)
(increased quar.)_i.
4%%
Co.
preferred
3-15
Extra
Packard
3-20
1
'
50c
Co.
(quar.);
Indemnity
1
v' 4-75
53VbC
pl'd. ,(quar.)___
0%
Service Corp of New Jersey—
Public
v
,
3-15
1
SI
.30c
Service
37%c
:
Debenture
Ltd.,
Co.,
National
31 %c
—
50c
Pacific
Pacific
4-
$2
(quar.)_
preference
(quar.)
Aggregates (quar.)_
&
5
3-18
3-31
Co.—
Coast
2-27
,
25c
(quar.)
3-31
5
3-
3-31
$1.50
(quar.)
American
$1.50
3-31
3-
'
5
10c
____—_%___
3-15
3-31
20c
America-.
of
Heat & Power,
Paper
4-
30c
(quar,)
(quar.)
$5
preferred ((quar.)
6%
preferred (monthly)
(6 %• preferred (monthly)_
17% preferred (quar.)
2-10
i
3-15
37% C
(increased)
(quar.)
preferred
3-19
Common
8
$1.25
——
Co., 6%
pfd. (quar.
Electric Railways-^.--—-----
Oxford
4-
& Co.. Ltd. (increased)___J.—__
Washington Insurance
Bros.
Public
8
$1.12%
(resumed)-
Elevator
Ottawa Light
3T5
v<;' .Quarterly
3-8
50C
(quar.)
Oswego Falls Corp., 4%%
Ottawa
3-15^
3-31"
3-19
•
Increased
2-25
3-24
75c
.2.
—
preferred
Alexander,
Car,
3-31
3-
Ontario Mfg.
Otis
4- 1
Lambert, Inc.—
Dome
Public
'"••'•
75c
Co.
Ontario Steel Products,
^
4c
preferred
East
-3- 4
•
8
3-15
common
&
&
River
&
.Public
2oc
y
(quar.)__
common
3-
/:
15c
.
Beauty Supply, Ltd.—'
conv. preferred
(quar.)
Lean
62>%.c
-93%c
1
(Hartford, Conn)—
Corp. of Canada,
4-12
•
3-25
■
•
725c
(quar.)
3-15
■>
-
3-20
40c
(quar.)__,j._________
v
13-20
s
60c :
V
;V
i
4- -1
25c
(quar.)
preferred
5.J
22'2c
Steel
3-26.
V
•
7:4-24/
'25C
common
5
3-
(quar.)
nor.-cumul.
Price
our
10c
preferred
Oneida, Ltd.,
3-
,■•
(quar.)
4V4%" pfd.
Inc.,
Pressed
V;.
common
com.
8t3I
3-31
Inc.,
Preston
consequently
12
Corp.,
Mills,
Common
Powell
(quar.)___
Inc., 4%
preferred
Omnibus
30c
25c
-(quar.)
—_u__
'
$1.75
7%
preferred Lauar,)__V
$1.75
Pittsburgh Plate Glass Co
'
25e
Pittsburgh Screw & BoltI_^_—__________
j
15c
Plough, Inc. (quar.)—_-l—
15c
Plymouth Oil Co. (increased quar.)
'
"»40c
Polaris Mining Co.—'•> 5c
vPorter
(H. K.)
Co., Inc. 5% pfd. (quar.)__
62',-jc
•Portland Transit Co., 5% pfd, (quar.)_
31 V^c
Potomac Electric Power, 3.60%
pid. (quar.),45c
Pratt
cor-
were
;.-r.
Insurance
Industries.
3-19
(quar.)"-___^__________.__
$4 pfd.
(quar.)—-*
Suspender
Powdrell
liquida¬
preferred
$6
included
(quar.)__
Service
Life
1
4-1
4-
/ .Common
2-28
Coast
50c
715c
.6-20
12-23
(irreg.)
Ltd..
Tube
Seamless
Water
Line
Pacific
10-20
—715c
'•.'7- 1
___,
5
10-30
4- 1
7- 1
10- 1
1-2-49
4- 1
2
the
the
Power
Sei-vice,
5
4-21
715c
7.15c
715c
3-
'3-20
12-23
(quar.)
:
Public
4- 1
^
25c
Co.
3-15
3- .1
Quarterly/
6 %
Co.
Co.
Extra
Ohio
3-rj
3- x
3-12"'
Pltney-Bowes,
2
t
'V
3-
5- 1
8- 1
4-1
Insurance
3-
4-1
(quar.)__
preferred
prior
3-11
.1
$1.12%
$1
,
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh, Ft. Wayne & Chicago Ry.—
(quar.)____
Co.,
5
3-19
3-
Hosiery Co.
Pioneer
$3:57%
:
preferred
.
(quar.)
Phoenix
.Pillsbury
4-1
1
details
1;
Finance
Ohio
■
_j
Corp., 3%% pfd. A
Phillips Screw Co.__.__—
3-23
for each
Service___________
Co.
preferred
3-31
4- 1
5
3-
Co.
(quar.l
preferred
5%
2-29
1
'three
of
^___—
Mills,
3-
4-1
4-15
3-15
3-15
4- 1
737%c
25c
.
Co.
&
3-11
Philadelphia Suburban Transportation—
S-IS-
t
;50c
Co., class A
Common
3-15
3-
4- 1
1
4- 1
4- 1
4- 1
,3-15
8T/2C
$1,25
.$1,60
(interim).—
Philco
4-
$5.50
Ohio Edison Co., common____,—
Ohio
3-
J15c
Light
Corp.
Class B
Pacific
—
,3-
&
'
(s-a)
Gas
Mills
Leather
Manufacturing
Ohio
(Hartford)—
Quarterly
Nu-Enamel
Oak
5-15
2c
—
♦«,
—
Scotia
Nova
3-15
2c
2c
..
3-31
preferred
Providence
Public
Natural
Paper
Northwestern
<8-14
4-15
4- 1
3-1
87 %c
with
of
Co. .((irreg.)
Northern
1
3-
.
3-15;
(Charles)
"
25c
12Vic
$1
(quar.)__;
—
Quarterly
3
3-15
3-26
50c
Co.
-Electric
Quarterly
3-12
3-19
744c
——
(Detroit) (quar.)—_
National City Lines Inc., com. (reduced)——
$4 preferred A (quar.)—______
National
3-19
3-29
40c
750c
—
common
preferred (.quav.)_
Register (quar.),
Casualty
3-15
6-28
9-28
12.28
3-31
4-15
3-29
15c
National -Cash
Natipnal
3-10
5
Inc.—
convertible preferred (quar.)
Securities
(Maryland)
Nation-Wide
National
2-27
37Vic
_____—
50C
3-20
5
3-
-
been
Indiana
Ogilvie Flour
3-15
2-13
$3.90
Liberties <Gas
Ohio
10c
35c
"____—
_________
Corp.
$1
3-22
•>
3-15
Corp.—
Refractories
Gas
4
25c
'
1
(quar.)
Nash-Kelvinator
6%
;
& Brothers
Corp.
Namm's Inc.
Nathan
pfd.
6%.
.
3-15
3-31
Gas, Ltd."
$4 non-cumul. 2nd preferred (quar.)
Philadelphia .Electric Co., common (<quar.)_.
3-.15
-3-31
717'VaC
Oil, Ltd.,'We ptd. (accum.) __^._
Northern Engineering Works (.increasedi—
■y
:10c
4
3-29
,
$1.50
$1.50
$1.50
35c
37Vic
75c
^____—
_______
Shore
3-
3-
v
3-15
•
&
Philadelphia Dairy Products Co., Inc.—
$4.50 1st- preferred (quar.)
columns.)
3-
3-15
3-
3-30
3-30
3-20
4- 1
4- 2
4- 1
50c
Murray-Ohio
•■><
3-4
3-25
4-
5
North Star
6- 1
9- 1
3-15
25c
$1.75
$1.75
(quar.)
Muncie Water Works, 8%
5%
*
(quar.)
class B
(quar.)
3-15
3-29
—______
$7
5f'
3-15
3-30
3-31
3-29
3-19
have
not
American
Northern
2-13 v
3-15
-
3-
3-31
20C'^I
the
Northern
2-73r
4
3%% preferred (quar.)_
Philadelphia Co., $5 pfd. (quar.)
$6 preferred (quar.)
20c
Northern
3-15
4- 1
.
Mullins
should
North
7--'
3-15"
3-
3-12
87 %c
dividend and
as a
dividend
5-10
3-
3-
4-1
3-30
3-31
3-27
25c
$1,06V4
$1.06%
.73c
——
3-15
3-15
3-11
20c
37%c
(quar.)_____________
Pfizer
'
Oil
(quar.)
5
4- 1
3-15
4- 1
$1,75
17%c
(quar.)
com.
3-75
3-
3-
(increased).—
Co.
3-15
1
3-15
____.
3- 5
5
4-
4-
3-22
(quar.)___
Petroleum
payment should not have been
rect, the
Milk
,
1
4-15
(quar.)_____
3-19
20(5 ft!.'10-
retirement
classified
Co.
Co.
1
20c
pfd.
1
4
-
(Although
North
3-20
,
preferred
20c
connection
in
and
stock.
t:r[
3-
Chemical
pfd.
2nd
Stove
Phoenix
preferred (accum,)—
Light & Power Co.—
tion
r
4-»l
f
preferred
1st
4%%
American
Correction
3-19
3-1
3-15,
$1.37%
$2
(quar.)
(quar.)____
4J/4%
3-
preferred (accum.)
5V2%
3-.15
1
4-1
,
_;
Investment
Corp.
Pet
'
:__•
American
4-
(quar.)_
Co.
Circle
9
3-
87 %C
preferred'.
1
40c
3-15
"
4-
3-15'
3-12
3-10
1
Co.—
com.
7'%
3-15
75c
r.
Works,
2-27
30c
Corp—
'.
Water
1
4-
40c
3-
$1.25
Telephone Corp.
Permutit
3-23
-775c
3-15
(quar.)
3-15
■
3-20
3-16/
Stores
Drug
3-16
4-
;
■
4-
$1
1
4-
pfd.
$2.10
Power
&
Perfection
3-10
i
dividend
Finance
preferred
Perfect
8
1
'
Water
3-18
1
prior preferred
80c
6%
3-25
4-1
,15c
62%c
87%c
$1.62%
"
50c
.-Class A (quar.)_
——
$1.75
Montreal Cottons,-Ltd., common (quar.) ___
7.13c
•7-% preferred (quar.)___
744c
Montreal Locomotive Works, Ltd. (quar.)—
'
720c
Montreal Telegraph Co. (quar.)
t48c
Moore Corp., Ltd., common (increased quar.)
~
775c
7% preferred A (quar.)-u—t$1.75
7% praferred B (quar.)
t$1.75
4%
preferred (quar.)__
t25c
Moore Drop Forging Co., com.
(quar.)
15c
4%% convert ble preferred (quar.)
59%c
Moore (Wm.) Dry Goods Co. (increased quar.)
50c
Moore-McCormack Lines
(quar.)
37Vic
Morgan (J. P.) & Co.
$2
Morris Paper Mills, 4%% preferred (quar.)_
59%c
Morris Plan Bank of New Haven (irreg.)
$1.50
Motor Finance Corp., $5 pfd. (quar.)_.—
$1.25
Motorola, Inc.
25c
Mueller Brass Co.__.
i:
30c
5%
•
Monroe
3-
4-
prior preferred..
North
3-20
3-
1
4-
"
3- B
3-7
3-12
(quar.)
3-25
40C
(quar.)„
dividend) _-
(cash
Ca.
preferred
3-12
4-15
3-25
4- 1
4-
740C
—
5,1
52c
common
(quar.)
Peoples Gas Light & Coke
Corp.—
preferred
preferred
3-15
3-15
Peoples
50c
80c prior <preferred._
2-27
$1.75
$5
8
93 %c
preferred
7%
;
Co.—
Water
5
-
Trust—
Liquidating.
7%
8
2-27
$1.25
—
Valley
preferred (quar.)
Monroe Auto Equipment,
3-
$1
(resumed)
Car
American
■7%
—
7%
Common
3-
50c
:.
3-
4- 1
4- 1
4- 1
<quar.)_
Pennsylvania Telephone,
1
10c
Interest^-iJ—__
of
North American
1
■i
Monogahela
Pennsylvania
1
—
shares of Potomac Electric Co.
100 shares held—.
V '
j
Mass.)
3-18
3-10
.
:15c
Bond
American
North
.3-15
3-
1
4-
93%c
Ltd., (interim)
convertible
$2
Partial
3-25
4- 1
4- 1
4- 1
3-15
preferred
1
4-
50c
:\K'
3-15
Pennsylvania Telephone Corp.—
4-
10c
Co.—
—
(increased quar.)
Corp.,
Certificates
North
1
3-
3-16
4-
$1.06%
(quar.)
Co.,
3-31
1
3-31
$1.25
:
t
*
3- UO
52c
,_.
& Light
4-15
Pepsi-Cola
(quar.)_
,
6-12
40c
$1.25
30c
$1.12%
preferred (quar.)
Pennsylvania Salt Mfg. Co,____
Peoria
—
2-29
30c
(quar.)—
Power
4-
$1.12%
(quar.)
Corp.
4%%
3-15
(quar.)__—________
American
North
3-20
4- 1
62%c
725c
12Vic
725c
7$1.12%
preferred (quar.)—
Molson's Brewery, Ltd.
(quar.)_
Molybdenum Corp. of America—
Monarch Knitting
Co. Ltd. com.
(quar.)__
Mojud Hosiery Co.,
4
1
-
(quar.)
Southern Rv.
Norfolk
5
3-17
4-1
3-31
4- 2
4-15
775c
(resumed)_^~—
Ltd.
Co.,
Containers, class A
2
•
:3-17
3-15
30c
2-
20c
3-19
3-
3-
preferred
5%
Sand
(quar.)
Pennsylvania
4-
Co
9-20
4- 1
3-16
<3-16 <
lVic_;
Public
Yoric Trust 'Co.
3-31
25c
3-19
$1.75
.
pfd.
3%%
Co.
Niles-Bement-Pond
3-15
$1.15
;
Auction
Chemical
3-
2-28
3-31
Peoples
Noranda Mines,. Ltd.
3- 8
3-15
3-15
3-20
—
( quar. >
Nopco
4-20
Common
1
3-20
4-1
Line, com.
(quar.)
Missouri
Mitchell
v
(quar.)
(quar.)
pfd.
$4.60
Missouri-Ransas Pipe
•Class
B
com.
preferred
6-20
$1
Co._
Co.
3-15
4-
common—
Electric
50c
60c
$1.25
^—____
Paper
Canning
preferred
Mississippi
(v.t.c.)
Ontario
(quar.).
Noblitt-Sparks Industries,- -Inc
:
.
Minnesota
1
22 %c
Corp
Corp.,
Noma
3-
4-
,
.
1
2-29
Corp.—
$1
'preferred
(quar.)
Niagara Wire Weaving (increased quar.)___
3-15
2 Vic
Corp.____
Glass
;50c
(quar.)___
N. Y, State Electric & Gas—
/
9-20
■_
.
Engineering
Pennsylvania
'
?
3-20
4- 2
-7- 2
10- 2
3-30
Pennsylvania
$1
$3.75
25c
25c
25c
7%c
(quar.)
Milliron's
Northern RR.
Mining
York
•New
2-28
10- 2
2
4-16
$1.50
9
6-20
(quar.)
%%
■New
3-15
4- 1
4- 2
preferred (quar.)
$1 prior preferred (quar.)
Miller Mfg. Co., common (quar.)
Miller-Wohl
4
3- 9
"v 7- 2
3-
1
Co.—
Co. (Ohio) —
preferred (quar.)________
5% prior preferred (quar.)——____
•Newberry (J. J.) Co._
•Newmont
3-
3-22
5-
—
Newark Telephone
3-20
3-
Penney (J. C.)
Co
Pennsylvania-Dixie Cement
$1.12%
4V'2%
25c
Extra
Watch
convertible preferred
London
New
3-15
25c
56Vic.
v25c
—._
_____
;—-——,—_______
A
Haven
4%%
3-10*
5
$2.10
New
3-12
5
5-
25c
New
3-10*
5-
712c
Telephone & Telegraph
Jersey Power ■& Light, 4% pfd. (quar.)
Hampshire Fire Insurance (quar.)
&
(resumed) ____'
Corp.
5-15
England
Clock
class A_
$1.20 pfd.
5-15
$1.25
England Electric System (quar.)
England Gas & Electric Association—
New
Co.
25c
;
.
(quar.)
Switch
25c
4V2% convertible preferred (quar.)
England Power, 6% preferred (quar.)__
4
preferred
Electric
20c
Warehouse—;
Telephone, Ltd
3-
.506
50c
37Vic
Penn-Federal
(quar.)
Brunswick
New
3-22
3-
3-17
New
8
3-16
3-3.1
4- 1
3-31
3-30
1
"V
Storage
Electric
prior
4% %
3-
4-
S3
75c
New
3-10
i
_______
35c
Bedford
New
3-
Penn
_:—
New
3-12
J'
3-15.
4- 1
3-15
4-1
3-17
47 %C
New
3-12
3-
25c
5Uc
25c
10c
3-15
1
_____
Paper
3-15
3-15
1
4-
$1.12%
53 %c
(quar.)___
Brothers, Inc. (quar.)
Nekoosa-Edwards
25c
30c
4-15
(s-a)__—_—
Corp.
200%
50c
Mines
,—
3-15
4-
Insurance-.
Co.
Industries,
Common
-Class
Water
8
5
Consolidated
25c
(quar.)_
pfd.
33-
1
Utah
50c
(quar.)_
(quar.)
Fire
Union
Naugatuck
Neisner
4- 1
25c
50c
(quar.j_
preferred
preferred
National
Nehi
Co.; 4Vt%
Newport
(quar.)
Inc., common
Common
prior
Tea
V 3.8%
3-1
3-17
Reclaiming—
preferred
Miller & Hart,
$1
National
3-20
■Newport
:
Refineries, $1.50
Midwest Rubber
$1
4 Vi %
1
737%c
—
Co., common
preferred (quar.)__l
Peller Brewing, 5%% pfd. (accum.
Peninsular Grinding Wheel (stock dividend)
Peninsular Telephone Co., com. (quaf.)
8-16
(quar.)-:
Supply
3-15
Parmelee
7-31
4-
'
3-26
3-15
3-15
6-30
3-30
4- 1
3-15
3-15
50c
;
J
20c
720c
735c
1
4-
4
Transportation (quar.)
Paton Mfg. Co. .Ltd. com.
(quar.)—_______
7%
preferred (quar.)
4-
3-23
1
3-
2-13
$1.25
15c
4-
3-1-5
Park
$1.25
3- S
3-24
v
4- T
3-15
___—
Ltd.
Corp.,
________
3-26
3-15
1
Vv
3-27
4-'15
30c
$1
;5uc
5c
(initial)—
com,
10c
1
4-
—
1-
Refining
2-20
common..
preferred (quar.)
shares
4%%
8
Car
Sugar
National
3-1
3-15
4- 1
4- .1
4- 1
4- 1
3-15
Midvale .Company
Mid-West
National
3-15
dividend
$2
National Steel
$1.183/4
$1 conv. pref.
Midland Oil .Corp.
8
,
(quar.)
(s-a)
new
(quar.)___
(resumed)__
4-
—
,_.
Companies,
preferred
15c
—.—
pfd.
4%
paramount Pictures, Inc. (quar.)—
Park Chemical Co.__
L2.
25c
Co._..
4- 1
4-15
Corp
Michigan Consolidated Gas—
4%%
Radiator
5
$1.12%
(quar.)__
com.
Rubber
$1.50
15c
(quar.)__
Michigan Bumper
1
3-
Corp.—
Telephone
Associated
4-
3-14
50c
■Extra
Michael
4
4- 1
3-31
3-30
97Vic
10c
Metropolitan Edison, 3.90%
Metropolitan Paving Brick Co._______—__—
Miami Copper Co
Michigan
3-
3-15
4- 1
25c
10c
7% .pfd.
& Thermit Corp.,
•Metal
.
Co
Mergenthaler Linotype
4-12
V
(quar.)_,—.____
common
Machiney Co
National Standard Co. (quar.)
4- 1
60c
87Vic
25c
75c
62Vic
$1.75
1
Paraffine
2-20
5-
National
3-20
70c
3-15
$1.50
National
Storage—
(accum.)
common
preferred
$3.50
3-15
4-30
25c
(initial)
A
$1.75
(quar.)___
preferred
(quar.)
5%
preferred
(quar.)
1
National Paper & Type Co., 5%
3-18"
.5-15
$1.75
3-
(quar.)
B
Co.,
4 Vi %
Corp.—
Acceptance
class
80c
15c
(quar.)
preferred
7%
Merchants
._
(quar.)____—__________—v
25c
Co. com. (quar.)____—25c
Mengel Company
Mercantile
15c
133/4C
com.—____
preferred (quar.)_______.
McWilliams Dredging Co. (quar.)
5% %
3-31
A
Lead
National Linen Service Corp.,
;
3-31
75c
(quar.)_____
common (quar.)
25c
preferred
preferred
Payable of Rec.
Share
Name of Company
Holders
When
Per
f/nMors
Payable of Rec.
77o
y\
preferred
whp*
.
Share
v.
of Company
Monday, March 15, 1948
CHRONICLE
6%
National
$1
62%c
35c
.
<quar.)__
$2.50
Corp.,
McCrory
3-31
3-15
——-
Ltd.-—
Co.,
Name
3- 8
3- 8
3- 1
3-31
$1.75
25c
25c
preferred
Oil
Pfir
Holders
Payable of Rec.
37 %c
common
(quar.)
preferred
McCord
Share
of Company
FINANCIAL
&
,l
3-31
'3-12.
-
A-1
75.C
5-1
wijiA:'
4-15
Volume
167
■'
/,
.(• ...
Name of,
„|
'
Number 4681
V1'" .i;,,
,
Company,
Republic
Natural
Republic
Petroleum
THE COMMERCIAL
;/■/
-; ♦.*
S*iare
"
Gas-i(initial)
6% prior preferred A (quar.)
Revere Copper & Brass, 5',A% Pfd.
r'SVA%/ preferred
1st
preferred
preferred
(quar.)
7%
1st
preferred
(quar,)
7%
2nd
preferred
2nd
ftichmond
Rieke
Metal
Riegel
$4
;
Water
Riverside
'$2
Silk
partic.
Class
River
B
pfd.
(quar.)__
Controls,
common.;
Ltd.
Corp.—
3-11
5%
Southern
3-
1
Southern
Union
3-
5
4'A%
preferred
3-15
2-28
3-15-
i
5%
4-
•7%
Mfg.
Ltd.
5-
Spiegel,
3-15
3-19
4-
3-19
1
,
-,
for
x
each
3-25
3-10
share
of
4-1
1
3-10
-■A-
1
3-20
4-
1
3-20
(increased)
,
$17'Ac
3-31
3-31
-3-io
(quar.)
Ltd.
.•
Oil
Water
| Sangamo
Electric Co.
(quar. )
Bridge
Co.,
3-15
3-1
Partic.
1
|Schwitzer-Cummins,
5 V2 %
| Scott
3-15
preferred
$3.40
IScovill
preferred
Mfg.
Iscranton
$3.65
Electric
Lace
Co.,
27'/a
pfd.
1
3-12
83^ic
4-
1
3-9
91'Ac
6-
1
5-14
3-12
2-25
—
Brook
60C
;
Water
Service
series
A
3-15
preferred
|8eaboard Finance Co.,
$2.60
convertible
3-15
3-
15c
4-1
$1,121/2
,4-1
.: 4-10
4-10
3-25
(quar.).
(quar.)
|8eaboard Oil Co. (Del.)_—_____
I Sears
Roebuck
&
|Seeman Brothers, Inc.
Extra.
10c
.'
awhiigan Water
15c
.'.3-15
2-25
4-1
3-10
3-22
3-
-
;
•V
4- .2
3-
25c
3-13
Products Corp.^.common
:
(quar.)—
preferred.Z(quar.)___„n—
Williams; Co» of /feanada—,
Common
,
(quar.)
$20c
.
5-
$$1.75
Breweries.
Ltd.
4-
.
1
1
;
Cjass B
50c
;
(quar.)_
Jflyerwood Dairies, Ltd., class A (quar;)
:
3-15
50C
50c
3-15
;
v
/.
ilverwood Western Dairies,
<quar.)
Steel
Steel
Jmith. (Howard)
&
Iron
(qua'r.)_
preferred (quar.)
>mmers
I
Stores Co.—
(initial quar.)
Drug
Common
1/
Carolina
3-10
Electric
Gas-
/
1
3-15
3-10
3-24
3-10
3-15
2-16
Textiles,
4%
preferred
3-20
3-10
/ 4-30
3-31
$50c
4-30
3-31
3-30
3-10
The Fair—see Fair
Thew Shovel
:
$1.25
X,
a .;20c
4-10
3-29
25c
3-15
.
2-13
y1:
7%
4<
.4-
1
1'
3-19
'!
Thermoid
'3-19
3-31
33-
1
Thomas
1
3-31
3-15
;r /■
/iU
62'Ac
1
4'A%
'
C('
Co.
3-19
4%
preferred
(The)
3-31
3-16
(increased
com.
quar.)_
(quar.)
class
A
3-20
3-
4-
1
3-15
4-
1
3-15
3-15
2-13
50c
(s-a)__
22'Ac
quar.)
-
preferred
7-
70c
1
9
6-15
3-20
70c
2-28*
6-20
5-31*
70C
(quar.)
9-20
' 8-31*
70c
^
12-20
,11-30*
50c
common
A
(quar.)__^
Trust
(quar.)
8%
:3-16
4-
Steel
&
4-
1
3-20
3-
1
1
3-15
$2
6-10
3-15
3-
8
433Ac
3-15
3-
8
4-
1
3-15
3-30
3-10
$8.75
Ltd
Wire
1
30c
(quar.)
(quar.)
Y.)
4-
3-15
62'Ac
preferred—
com
preferred
Corp.,
$12 'Ac
Co
i
_
5-24
25c
common
3-20
4-15
4-1
25c
(quar.)
5-
50c
(accum.)
1
4-
$2
/___
!
Upressit Metal Cap, 8% pfd.
Utah
Power & Light Co
3-
3-30
50c
preferred (quar.)
3-15
5c
4%
Leaf.Tobacco,
Oil
3-16
1
933Ac
non-cum.
Tobacco
(N.
1
4-12
35c
Co.,
non-cum
4-
4-
25c
Co.
States
1
4-14
3-16
A
3-15
3-
1
(quar.)
1
3-15
1
3-
10c
________
44-
3-15
2-28
5c
Refining Co.
$2
35c
Extra
3-15
2-28
5
4-
1
3-20
preferred
(quar.)
62'Ac
7-
1
6-19
5%
prior
preferred
(quar.)__
62'Ac
10-
1
9-20
3-15
3-
1
3-15
3-
1
4-
1
3-15
4-
1
3-15
4r
1
Van
3-15.
Norman
3-24
3-4
4-
1
3-10
4-1
Velvet
2-27
3-15
4/
1
3-
5*
3-10
3-15
3-15
3-29
50c
4-
1
4-
1
for
the
3-15
3-1
$4
3-31
3-22
5%
4-5
3-15
quar.)_J"
40c
3-19
3-9*
$1.06'A
3-15
3-
.J-''
4*
__//
$57c
common
(quar.)_;
3-20
3-20
Equipment Co. (irreg.)
Viceroy Mfg. Co., Ltd. (increased!
Vicksburg Shreveport & Pacific Ry.—
20c
3-20
$12c
3-15
,
(quar.)
2nd
series
Victor
Common
5%
(s-a)
partic.
preferred
'/
com.
(initial quar.)
7%
1
3-
1
4'A %
&
Iron
preferred
30c
6-21
6-
3-20
3-
1
6-21
6-
1
3-25
3-15
5-
1
4-15
8-
2
7-15
50c
A
,
Co
Co.,
common
(annual)
■
1
•
3-15
3-
1
50c
(increased)
(quar.)
Wabash Railroad
3-17
37%c
4y2% preferred (accum.)
prior preferred (quar.)
Detinning Co., common
Mold
3-8
1
62&c
(quar.)
Corp.,
preferred
1
4-
3-8
37yac
common
conv.
Vulcan
4-
1
$1.25
,
$3
1
4-
$1.25
-
(quar.)__
B
Vulcan
5
3-
V,
(accum.)
preferred (quar.)
preferred (quar.)
Vulcan
3•
$2.50
1
(quar.)
Railway Co.,
Viking Pump Co
Visking Corp., class
Class
,
$1.50
(s-a)
preferred
Virginia Elec. & Power,
$5
'
$2.50
—
preferred
6%
3-15
3-
40c
3-8
3-10
1
4- 1./; 3-20
3-17
6-15
;
4-1
4-
$25c
$$1.25
3-31
1
3-15
1
3-31
6-25
3-15
3-10
3-27
4-
$1
3-15
87'Ac
50c
25c
3-
4- 1
87'Ac
50c
V.
!
Works,
preferred
preferred
6%
$1.75
(quar.)
com.
(quar.)
$5 preferred
X
3-15
1
(quar.)_
v.
Chicago
3-15
3-20
7'Ac
(quar.)
(quar.)
3'A%
3-20
Nashua
12-21-
4-
25c
(reduced)
1-2-49
25c
common
preferred
Virginian
11__
Inc.
;
50c'
Virginia-Carolina Chemical Corp.—
31'Ac
62'Ac
(quar.)
3'/2%
3-8
1
3-10
Inc.
Victor Chemical
3-20
4-1
25c
2-27
3-
X
62'Ac
!
preferred
Ltd..
5%
2-27
10c
(quar.)
Co
Freeze,
4'A %
2-26
3-15
Co.—
Verney Mills of Canada, Ltd.—
6%
Co.
Knitting
5%
prior preferred (quar.)
Utility Appliance Corp., $1 conv. pfd. (quar.)
3-15
.
7'/2c
:
"
6
preferred
50c
•
,
3-29
3-31
75c
(quar.)
4-15
$1.75
(Bait.)
4-10
50c
(quar.)
prior
•
(quar.)
3-12
prior
$6
__l__
.
Thompson Products
H
3-10
1
5%
75c
(accum.)
Steel Co.; com.
(increased
preferred (quar.)
Quarterly
1
4-
20c
$2.50
Printing & Lithograph—
preferred (quar.)
Viau,
(quar.)
(quar.)
(quar.)
3-10
4-
5%
35c
(stock dividend)
Thomaston Mills
3-10
1
Utica
Corp.—
(quar.)
Carbon
1
4-
3-12
Co.
Co.—
preferred
pfd.
4-
1
3-12
10c
intended
Manufacturing
Thermatomic
12'Ac
was
$1.75
.
3-22
55c
partic.
1
*$75c
___
3-
4-
3-12
,
57'Ac payment for the $2.30
preferred stock reported in our columns
week
5-12
3-15
1
35c
:
:
Inc.; com. (stock dividend).
One
convertible preferred (quar.)___
last
"X 5-25
75c
,
pfd. (accum.)
Ltd-—
8% preferred (quar.)_____
Universal Match Corp._
/'/Note—The
x
$1.50
' ' 40c
8
1
30c
_l_—
(quar.)___
40c
Textron,
3-
1
10c
Inc.,:. common......'.
3-15
/
Co.
5-12
$1
Rubber
_
5-25
4-
27c
1
;—
Land
Co.,
Plywood Corp.
Potash
■
8
4-
50c
&
3-
50c
(increased
Veeder-Root,
Co.. (quar.)
Oil
3- 1 #
3-15
4-
25c
(quar.)—
—______
Chemical
Texas Southeastern Gas
3-15
$25c
25c
conv./pfd.
&.
2-28
3-15
(quar.)
Co., 4'/2% preferred
Pipe & Foundry Co.—
Utah
3-15
25c
Co
Steel
3-15
3-10
3-19
$1.50
(quar.)
Co
Corp. non-cum.
Stove Co.
United Wallpaper, Inc.,
Universal
3-13
3-10
3-20
3-29
$5c
Engineering & Mfg. Co.. pfd.
Gulf :Sulphuri^__-_____
Texon
1
4-1
3-20
$50c
Texas
V 2-19
4-
-
X
United
3-17
3-10
3-10
15c
25c
Corp
United
3-15
1
5-
15c
'
.
3-31
7%
preferred
United
3-15
3-10
3-20
3-20
25c
Corp.
Investments,
Leather Co.,
S.
8
Inc.—
common
Lines
33A%
2-14
3-31
56'Ac
(quar.)
3-15
■,uCi
4-1
$1
Transmission____—
1
25c
&
Products
Texas
.
•
preferred .(quar.)________
Gas
preferred
1
Co.
3-19
Dyewood
S.
U.
8
3-
$1.25
Circuit,
preferred
S.
7%
3-20
3•
20c
Corp.__
Carton,
S.
United
1
6c
(quar.)
preferred
S.
4-
50c
.'
Gypsum
5%
1
1
,___
S.
U.
4-
17c
(quar.)__
Fidelity & Guaranty Co.
S.
3-15
27c
"C"
Guarantee
S.
2-27
1
*
v
S.
S.
1
4-
Fund
Theatre
&
non-cum.
Gas
3-10
4-
Fund
*'A"_____^_
S.
U.
3-19
25c
•X$50c
*—
1
1
$1
(quar.)
Texas
3-10
2-27
44-
$1V2C
________
___L_
4.32%
4-
/
4-1
$1
Artists
preferred
A
3-22
$2.50
(increased)
Illuminating
5
35c
Stove Co._//—
& Fenn
8%
2-21
V
.
5%.
40c
common_______/
2
1
3-1*
9c
Co., com.
Co.
National
U.
1
4-
■
1
$2
Fund
Rope
Fuel
4-
4-
$1
Stock
Drill
class
3-15
$1
17'Ac
Fund
Board
4-15
75c
Extra
2-27
$1.25
;
Tennessee
1
1
10c
juth
3-15
Bond
Bond
Wire
U.
3-15
(quar.)
Tennessee
3-1
3iy4c
Manufacturing
4-1
;
(G.), Ltd,,/common
4-
12 Vic
5s
.
$1.25
_____^—__
Inyder Tool & Engineerings..
;iety Brand Clothes
jcony-Vacuum Oil Co. (quar.)
25c
/
(quar.)
10c
(irreg.)___
Paper Mills, Ltd.—
'
__A—
4-
—_
Minesj .Ltd.' (quar.)
$1.25
|.-Oommon (quar.)
4"%
/, v4-.
V'/ IOC
$1.12'A
Co..
4-15
25c
10c
Fund
Quarterly
Quarterly
Quarterly ___—;
U. S. Playing Card
3-10
25c
i
Stock
Preferred
Bond
Common
9
3-20
•
:. 3-1
4-1
60c
(quar.)—
Gold
3-
25c
(quar.)
1
Common
U.
3- 9
3-
Extra
$$1.25
Ltd., 4ya% pfd. (auar.
cenandoa Ravon, 5% pfd. class A
5 % ' prior preferred (quar.)
31oss-Sheffield
$30C
1
3-
I
3-15
V; 4-
tl5c
(irreg.) ^___
Tmpsons,
(quar.)
4-15
4-1
3-31
3-20
(s-a)
U.
3-10
15c
1
Funds, Inc.-L.
U.
3-16
4*
preferred
7%
3-18
50c
Co.
Corp.
Telephone .Bond & Shared/ 7 %; 1 st
preferred v(accum.)
Tennessee Corp.,
.v
—
Co.
Simplicity Pattern Co.
Ltd.—,v. U
Tool
Telecoin
1.
3-
3-15
3-15
,: X. $50c
—
3/
3-15
U'V.';25C
Class. B. (interim)
1
4-1
20c
Taylor Instrument,Cos/, (quar.)i-- --r
2-27
r
Hlkiiit. Ltd.preferred
<%:
3-10
.
3-31
;,/X- 50C
(quar.)________
Paper
preferred
Taylor
2-28
—
ignal Royalties Co. class A
■5preferred
iyJM 4%
9
3-15
,
,/
'
imo'nds Saw
4-
$20c
(quar.)
4-
3-30
4-
Co
Twist
3-10
$1.06J/4
Extra
_____
A—-—
Machine
Extra
3-15
'
(interim)
(quar.)
common
preferred -series A (quar.)
Mining Co. (increased quar.)
preferred
Tamblyn
3-15
,
•
-25c
,
,
igttal Oil St Gas Co., class A
|V
2
■
quar.)
1
$1.13
Talcott; (James).Inc..) com./ (quar;)
-4'A%
preferred (quar.)
Tappan
_____
7%,. preferred
Extra
4-1-;
3-31
5%
•V
/
Corp. of America—
New class A (-initial
•
25c.
59% c
,
,
toe
Ick's
/
> 2-13
1
43/4 %
2
$50C
_____
4-9
4-
5
3-22
62'Ac
(quar.)
1
Carbon
&
Union
Canada—
Tacony-Palmyra Bridge com,- (increased quar.)
.r
Class A (increased quar,)__
t
•
preferred A (quar.)___
Mfg. Corp
4-24
^
25c
.
3-22
15c
______
3-
4-
(N. Y.)
(quar.):
& Rubber (quar.),
U.
3-22
1
25c
(quar.)
(quar.)
Oil Corp.,
Sylvanite
2-25
'3-15
.
4-1
4-
;
3-15
37'/2c
Co.
Investment
3-11
50c
;
3-10
50c
(quar.)
(quar.)__
(irreg.),
Trust
U.
6-16
4-10
20c
(quar.)
Swift & Co. (quar.)
Sylvania Electric, Products,
$4
preferred
(quar.)
3-17
$1.12'A,
7-1
Power
pfd.
:
Corp.
United N. J. RR. & Canal
3-15
25c
(special)
Corp.
U.
3-17
1
20c
3-10
3-15
5
United
2-28
1
4-
25c
.
3-10
3-31
5-17
United
3-19
Sutherland
« JPower-r-.'
heller
herwin
.
2-25
23c
—
(quar.)
fel, Inc.. $4.50 preferred '"uar,)__
ttuck. (Frank G.). Co. (quar.)__^
3-25
4-
56o
56c
—_
3-31
37'/ac
1
6%
3-15
I2V2C
,
*
$1.12'A
6-
United
3-16
1
1.
27'Ac ;
United
3-16
1
4- I
25c
(quar.)
8-
3-31
(s-a)_
United
3-5
4-
12'/2c
j
6% non-cum. preferred (quar.)
United Chemicals. inc.__
;_
Upited Corp. $3 pref. (quar.)
3-15
1
3-31
87'/2c
6-15
4-15
B
6%
3-18
4-
20c
-
:
Superheater Co. ,(quar.)_
;
Superior Steel Corp;«(quar.)
4
25 c.
3-15
4- 1
;
11-10
$1.75
$$1.75
,
Corp.
Common
2-25
4Vi%
l'"^
3-15
4':-^ 70f>: '3-15
3-31
3-15
;'.-l5c
(irr eg,)
(quar.)______________
jrrick Corp/Class B
10c
$15c
8-10
preferred
5%
,3-1.
■
25c
4-10 '
5-10
8-16
11-15
v'
5
United
1
3-29
Sunray
4-
$1.25
3-
4-15
5-15
25c
25c
5-17
United
3-1
3-15
Sunstrand
$1.13
-
3-15
50c
3-10
3-
3-15
3-15
$1.25
-
31'Ac
3-
Carbide
4
25c
3-17
,
v;
3-
2-20
<3-
Union
3-18
Sun Oil Co., common
3-30
3.-15
3-31
3-15
3-1
12y2c
1
Union
5
3-30
3-15
1
6-
Union
3-18
20c
'
5-
1
3-20
Union
3-15
■
(quar.)__
1
4-
4-
3-20
Asbestos
/
3-16
Corp.
3-15
4-
$15c
10c
Union
;
3-22
5-15
4--I
X
Sunshine
25c
4-10
12'/2c
common.
(tjuar.)
3-15
13%c
Union Trusteed
t
4-1
3-17
(quar.)_____
3-
Sunbean
1
3-10
'
4-1
25c
Co. of
3-12
1
27'Ac
4%
■
3- 1
$$5
Assurance
1
4-
(s-a)
Union Pacific Railroad
3-1
1
4-
&
conv.
Street
Union
12MsC
common
3-15
4-
$15c
A
Union
3-29
4-1
/
Salle
Union
2-28
2-24
.
37V2C
(quar.)___
Co.,
preferred A
Life
3-31
.
A. (initial)
Increased. .:quftrterly,;.iiikLtC£i:-,Ji;_^i
1 3*31
ISelectcd Ameri caa Shares.
hellmar
$4.50
Sun
$1.50
eiberling Rubber Co. 4'/2% prior pfd. (quar.)
5% class A/ preferred (quar.)__—
ismograph Service Corp. (quar.)
4%
'.4-.X.'
2-13;
Light
$1.5C
Union
2-28
60c
—
—
convertible preferred
$1.75
|Seeger-Refrigerator/;CoA't-^-^i--CAAii:^.il-iV.;' :
A
3-
3^15
La
Underwood
3-10
3-15
Co.,
Underwriters
3-20
,
Electric
•
3-20
1
3-20
:
75c
Sun
9-12
:10c
,.
preferred
Class
3-15
3-10
4-1
50c
Studebaker Corp., ____!
Chemical Corp.,. common____/__________.-
5
25c
"■
|8ecurlties Acceptance Corp. (Omaha) (initial)
(Securities Corp. General, $6 pfd. (quar.)___
$7
3-5
40c
CoA (quar.)
,
$10c
!
Oil
prior, preference
4%
3-25
...65c
(quar.)
com.
preferred
5%
3-20
35c
(quar.)__
com.
1
4-
25c
(quar.}_____
Stbne Container Corp.
3-20
(quar.)
3-20
-
Stokely-Van Camp, Inc.,
3-31
$$1.75
preferred
Udylite
3-26
4-
Co,
Stromberg-Carlson
171/aC
4,10 %-.. preferred
3-20
12'/2c
preferred" (quar.)_
Corp.:
$25c
1
5'A%
1
$25c
Stern Textiles, common
preferred (quar.)
3-15
5'/2%
■/
Stewart-Warner
Co.—
Common
|Scruggs-Vandervoort-Barney
$4.50
«
1
4-15
4-19*
5-1
3-
3r-15
Works
&
4-3
__
Tyler Fixture Corp., common
5'/2% preferred (quar.)
2-13
3-15
4Vfe%
4-
3-10
3-26
75c
4'/a%
iBbi
C
1
3-
3-
2-28
50c
208
Gas
Coach
South
3-15
3- 8
3-15
(quar.)_
(quar.)
4-15
$1
!
1
$1.75
(annual)
(quar.)
Twin
933Ac
(quar.)
4-
quar.)
preferred
preferred
Tucson
35c
Ltd.—
(reduced
conv.
prior
3-16
4-
25c
Stern
3-13
3-15
Common
3-15
3-31
:
Corp
(L. S.)
$1.75
(quar.)
Co., common
(quar.)
1
3-31
i.
4-16
3-13
:
i
-
25c
7-16
■
85C
(quar.)
^
$1
2-27*
4-1
1
10c
com._
Products
3-15
87'/2c
$25c
Co.
3-15
$15c
3-15
•'
50c
Stedman
3-10
4-^1
55c
(quar.)___:_L__—__—___
Silica
Stoker
2-20
1
(quar.)
3-20
94c
8- 1
'
3-
2-20
4-
$15c
A
5-1
preferred__l_;_____--_—$31V4c /
.
Co.
common
3-31
4-
\
$1
3-12 a
■
6-15
1
50c
3.35%
(quar.)
Corp.__'____
Strawbridge &• Clothier $5 pfd. (quar.)
Bros., Ltd. (quar.)L___
Steel Products
Engineering Co
Sterling Drug, Inc., 3'/2% preferred (quar.)_
Sterling, Inc. (quar.)
1
Sterling Motor Truck
A-
2Vht
—
__—_______
Co.__
|8cranton-Spring
(quar.)_
(increased)
common
preferred
IScranton
A
_—
3-15
6-30
50c
J20c
pfd.
(quar.)
v47'/2c
—37VaC
Materials,
(quar.)
State Loan &
Finance, class
Class
B
(Initial)
6%
preferred
(initial)
States
40c
(quar.)
Co.,
4^15
:30c
5 V»%
A
conv.
-Standard
,
3-11
_________
Paper Co., common
$4.50
(quar.)
/Participating
Standard Radio, Ltd., class
^
3-12
3-22
*7c.
(quar.i
Ltd.
$1.50
3-15
5
15c
Paving &
Common (initial)
Corp.
——_____
Kentucky
Standard
4-
75 c
_____
2-29
4-
Extra
.
Stanley
(quar.)___
of
3-11
•
8
3-15
(quar.).___
&
Co.
3-22
3-22
2c
Corp.
Works, Ltd.,
preferred
3-15
Co
Standard Oil Co. of Ohio com.•
33A%
preferred A (quar.)
3-15
$1.25
3-5
183Ac
3-18
—
common
Extra
ISarnia
Oil
Starrett
____—____
Works,
common
3-10
/
.
Corp.,
3-
3-15
"///
15c
Trinity Universal Insurance (Dallas) (quar.)
Quarterly
Quarterly
Troy & Greenbush RR. Association (s-a)
Tuckett Tobacco, Ltd., 7%
pfd. (quar.)
Twentieth Century-Fox Film
Corp.—
4-13
3-15
V
25c
1
4-1
5
$3c
-
Standard
Standard
—s__
(semi-annual)
Jose
Insurance
4-1
$1.10
I San Antonio Gold Mines, Ltd
ISan Francisco Remedial Loan./Association,.
I Sail
Marine
4-1
>4-
3-15
20c
Oil Co. of California—
Increased quar. -
2-27
3 /V2C
3-
1
6-23
9-10
,__22.8571%
(interim)
participating class
Treesweet
Standard
3-12
,
3-22
4-15
$1.50
,
-
3-12
T.:;t$1.75
;
Fruit
v'',A'
registered
'
Special
$1.12'/2
Steamship Corp.,
$3 partic. preferred (quar;)_'li
Participating" L_;_
:_
Standard Milling Co. ; (quar.)
3-10
4-
r40c
$1.25
Tidelands
(quar.)_
preferred
Standard
1
4-
25c
pfd.
Ltd.
Insurance
60c
7- 8
9-30
>r
25c
;
Trusts
3-15
40c
conv.
Bros.,
1
$10c
Royalty
General
—
75c preferred/ .(quar.)
$1.12Vi
(quar. )____„__
held.
common
(Dallas)
(increased)
Factors
4-
20c
(quar.)
Standard
2
3-23
American
(final)
General
1
$1.25
3-10
3-
3-
8
15%
Toronto
1
(quar.)__
4-1/-
3-10
deferred
Iron
3-
common (quar.)_.
(quae.U_____X_______
Standard-Coosa-Thatcher Co.
i
.
I
Co.
(E. R.)
$3.50
for
registered
Toronto
3-
Standard Brands,. Inc.,
;
1
4-
25c
Co., Ltd.
Toronto
1
3-15
$1.50
3-
1
4-
//,
receipts
Bell
3-18
2-25;
;
Securities Trust
3-15
3-15
1
3-10*
Packing
Tooke
4-
3-15
3-20
$7'/2c
Ltd.
(quar.)
& Construction Co.—
3-
1-
4-
3-15
___!
& Sons, $4 preferred
Staiey (A.;E.) Mfg.'Co;—
:
$3.75 preferred v(quar;)-
-
30c
25c
Special
3-10
I, ■■ 50c
' $1.12'A
(quar;
$2
75c
3-10
3-15
5-14
Electric—
0%
&
Tom
8-13
$1.06V4
3-30
3-20
6-15
9-15
17'/2c
pfd,- (qu*?.)
Co.
(quar.)
Co.
1*
.
50c
Co., common (quar.)_
7%
preferred (quar.)
Todd Shipyards
Corp. (increased)
.
3-30
5% preferred (resumed)
—rSalt Dome Oil Corp (stock dividend) —
>A distribution of voting trust
certficates
i
"D"
3-18
933Ac
25c
Deferred
Tobin
2-13
:
3-15
;■
3-15
T
2-13
(sa)
(quar.)_
l§c
30c /,
3-
$1.25
$4.50
Electric
3-22
3-10
4-1
Oil—
(final)
3-15
1
$1.25
15c
:
(irreg.)
preferred series A
Southwestern Ry.-—
Inc;
4-
3-10
3-31
Tailors,
deposit
■
3-16
$1.25
Co.—
Bros,
Withington,
Square
Squibb
3-19
3-15
Springer Sturgeon Gold Mines. Ltd. (interim)
3-19
4-1 i
&
Top
Tobacco
X;';XXX
3-23
$1
___^
common
Co
Gas
Springfield Fire
500,
1st
Louis
1
5
75c
(quar.)
Co.,
Gas
(quar.)
G.) &
(A.
Sprague
$$1.06'A
■':
___—
4.40%
4-
1
4-1
Safety Car Heating & Lighting Co., (quar.)_
$1
Safeway Stores, Inc., common (quar.)
$1.25
aguenay Power, Ltd., 4>A%
pfd., (quar.)__ $$1.06'A
St. Joseph Light & Power, 5%
$1,25
.pfd. A (quar.)
St. Louis Public Service, class A
12'/3c
(reduced).
St; Regis Paper Co.
St,
Sparks
' 20c
com.
Spalding
5
$1.25
(quar.)
(quar.),
Co.
X
3-
4-1
___
(quar.)
Industries,
preferred
Increased
3-20
1
3-15
4-15
r
3-31
3-31
(quar.)
Quarterly
Quarterly
4-20
50c
(quar.)
(quar.)
5%
preferred
(quar.)
Southwestern Life Insurance
3-20
.
v
3-
5-15
; ■
(quar.)
Royalty
Southwestern
3-10*
3-10*
$1.25
$1,25/;
(quar.)
C.) Co., common
preferred (quar.)
Russell
5
1
A;
'
(F.
Russell
3-
3-20
4-
$1.12'A
.
CoVi -4^%,v pfd.;
,
preferred
Gas
Tip
5
3-31
4-10
$1.12'/2
(quar.)
(extra)
Tishman Realty
3-
pfd.
.__
preferred A (quar.)
Southwestern Electric Service
5
3-16
$30c
_____—________
common
$6
?
•
(Jacob)
4 'A %
Southland
/ ■4-1
4-:i
^
Russell
3-
3-15
37'Ac
Ross, Industries, Inc.. (quar.)
Ruppert
Ry.
preferred
Holders
Payable of Rec.
$1.06»A
4'/2%
(quar.)
Associated
55
50c
Tilo Roofing Co. (quar.)_
Timken Detroit Axle Co
3-12
1
B
When
Share
Quarterly
preferred (quar.)
Co. M. & O. Stock Trust
3-15
t50c
$62'Ac
;;
(quar.)
preferred
Water
$3.75
Ltd.—
$$1.50
preferred
3-10
Tide
3-12
3-31
(Durham, N. C.) —'
preferred
3-30
10c
preferred,(quar.)•
Inc.
non-cum.
3-15
4-.1
3-31
27c
Co.,
non-cum.
'
____
co.
non-cum.
4-
15c
2911c
;x
,'
;
\-\Vf >•"
Extra
Ruoeroia
1 5%
(quar.)$10c
(quar.)
Rolland Paper Co., Ltd., 4'A%
pfd.
Rome Cable
.Corp.,, common (quar.)
Roos Brothers.
2-25
$50c
(quar.),
(quar.)
convertible
2-25
3-24
Co.
Southwest Natural
prior preference
4%
Railway Co.,
10c
preferred-A
j,
Southern
$50c
(quar.)
x__
;> 4 'A.%
preferred, (quar.)
Rockwood & Co,—>•//,.•■•
;5%
2-27
Ltd.—
-
preferred
Pacific
$1
Paper.__f;_^_
5%
Southern
1
3-15
1
25c
9-15
4 'A %
1
•
!—__
1
5%
4-
3-31
Southern,Franklin Process.^.—
.
4-
37'/2c
(quar.)_.
50c
preferred
Rochester Telephone
preferred
3-24
15c
Mills,
Power
3-12
$1.50
preferred
(quar.J
Robertson (P. L.) & Co.,
Ltd., com. (quar.)
$2.50
preferred
(quar.V—
Robbins & Myers, Inc. $1.50 pfd. (quar.)—
5%
6-15
3-12
4-
" Quarterly
.
3-12
1
62'/2c
(quar.)
Southern Fire Insurance
3-15
1
4-15
25c
(s-a)
(quar.)
25o
43/v%
Robinson, Cotton
6%
44-
50c
(quar.)
Canada
common
2oc
_____;
(interimi
Raisin
10-
•
9-15 |
7-1
,50c
<quar.)_____
A
Robertshaw-Fulton
1
4-1
$1.75
•_;—.
common
M.lls,
class
10-
$175
$1
50c
Company
Corporation
Thrifty Drug Stores Co.,
Common
Co.
Edison.Co.—
preferred
preferred
Southern
3-15
(quar.)
Riley Stoker Corp.
4-15"
6-15
$1.75
.Works,'6%
A
4.32%
7-1
—
Corp.,
Original
Per
Name of
Thor
Paper—
Telegraph
California
3-10
6-1
$1.75
Atlantic
(
..
3-16
50c
&
Holders
3-30
$1.12'/2
Extra
2-19
•;.4«;.L.
Prcducts___,
Textile
preferred
;
Southern
1
$1.75
(quar.)
:
4-
$1.75
;
_
■*Mra
3-15
Southern
_________
Richardson. Co/ (irreg.)
Richneld Oil Corp. (quar.)
4-12
1
3-15
90c
—_
(quar.)_
1
4-
Advance Bag &
Increased quarterly -
(1195)
Payable of Rec.
30c
,'j.'
preferred
Southern
4-12
5-
i
Rico Sugar com.
(quar.)__
(quar.)
Pittsburgh Water, 4'/2%#pfd. (quar.)
South West Penn
Pipe Lines__
3-10
5-1
40c
50c
(quar.)-—
7%
2nd. preferred
1
12 Vic v\
(quar.)__—______
1st
■
4-
quar.)
Porto
8%
When
Share
(increased
South
3-10
■/$1.3,l1/4-.;;
__
(quar.)
2%
7 %
2
v.'vl
N%.:
preferred
4-
■
Oil
Penn
South
3-10
2
Company
South
3-10
$1.50.,/
(quar.)
)Name of
3-10
4- 1
4-
50c
3.6%
preferred
(quar.) ________u_
Rheem Manufacturing Co., common
<quar.j_
Rice-Stix Dry Goods, common
-.
3-20
26c
CHRONICLE
Per
4-15
25c.,J
•
Reymer & Brothers (quar.J .i—™c_______
Reynolds (R. J<) Tobacco Co.—
■
4-26
25c
FINANCIAL
Holders
Payable of Rec.
50cx.
___
'(increased 1
Republic Pictures Corp., $1 conv. pfd..(quar. j.
Republic Steel Corp,''Comv:Hquar.r^ix_-^^r->
;, Extra
»
When
Per
&
3-15
3-
5
50c
3-15
3-
5
$2.50
4-15
3-31
75c
3-31
3-15
30c
3-20
3-10
35c
4-20
4-10
5c
4-
1
$1
4-22
$4.50
4-22
3-15
..
:' 3-31
3-31
,
56
(1196)
When
Per
Name^of Company
Building Corp.
;
Extra'
2-16
3-15
2-16 '
4-
principal
3-207
1
137 Vic
Blyth
Common
15 c
Stone
Co.—
Pro v., for
4-
3-1
Taxes
6%'
(initial)
4-
3-31
Western'Department
Western
Westeel
Products
A
3-15
5-15
3-25
25c
4:
25c
r
.
40c
Oil
..'4-1
-•
-3*20
VSl-25
,
7-
?
:'i
&
$1
15c
Wilson-Jones
Wisconsin
-
*
■
1
■
A;
2 20
5-
1'
-
•/
—
4-
1
3-
4-15
4-
4i
3-17 ;
1
4-15
;
1"
•r
4-
1
preferred
4Va%
Extra
1
4-
1
3-
4-
1
5-
3
3-19
.
4-15 I'
130c
3-10
3-
20c
3-19
3-
3-
Mfg..
Less
British
30%
Gross
1948
from
ra'lway
Net from railway—.
Net ry.
was
all
r
Feb.
the
on
2
made
$i.i2ya
3-15
2-27
$1,121/2
3-15
4-
1
2-24
4-
1
3-20
3-15
4-
3-
1
3-15 '■
1
37y2c
4-30
4-20
371/2C
for this
7-31
7-20 ;
4-
1
4-
1
3-
2-28
25c
3-15
3-
1
3-15
2-19
25c
3-15
3-
1
3-18
3-
8
In
166,
order
15%
Canadian non-residents'
tax
deductible
tax.
source.
Non¬
'
A.
"27 713,B8r
.V'.;
v
dividend of 25 cents
a
share
per
f
&
to
their
exercise
mail
or
their
of
First
Southwest
funds.
Granbery,
E.
Lazard
Freres
Mackubin,
M
Meivill,
The
187
is to provide
zvt'on.
He
167,
and
improve
insurance
the
insurance
to
of
company
the
last
written
w
proceeds
few
Group
is
will
♦Fee
invested
or
securities
CONSOLIDATED
Underwriting Income—
Net
all
that
in
substantially
directly
EARNINGS
-1947
by
FOR
1048
-
all
the
of
the
in
unearned
1945
Other
'
729,995
and
loss
,1,046,581
3,228,554
premiums earned $31,481,930 $24,484,535
ment
net
appointed
Co._a—— 3.00
General
Sand
Counsel
Tax
l
1944
10,481.668
8,824,448
$468,431
234,035
.
236,029
500,228
$2,585,160
$2,766,258
322.049
356,228
—
management services————!——
420
fees
—
—
———___——
.
expenses___.l+______Av_'iA-----
income
•
to
State
1,750
12,233
25,063
20,455
$2,194,625
net
10,583
2,165.967
$2,327,345
2,283,660
1,669;695
8,463,011
•
—
d'stributions from
income—
realized net gains!—
Street
Research
&
Management
Co.,
a
believed necessary for Federal taxes; on iricohie or|
gains on securities for the years 1947 and
has elected to be a regulated Investment com*
pany
and has distributed each year substantially all of its taxable
income lnc'uding taxable gains.
.
;
ri
is
provision
tNo
real'zed.or unreal'zed
The corporation
1946.
$1,467,829
577,282
$2,031,995
123,623
22,764
on
9,102,216
8,386,282
$1,282,588 *$3,220,558
$2,225,508
—_
partnership,
of which the following officers and directors of State Street Invest¬
ment Corp.
are
members: Messrs. Cabot;' Paine, Saltdpstatl, Heard,
Morton, Drury and Bennett.
•:.■*.
iA'A ""
347,210
16,359,004
1946
1947
:
securities
income
♦Paid
$19,774,547 $18,956,327
11,346,089
167, p. 692.
1,160
Net
17,795,805
(New Jersey)—Sale of Affiliate-
dividends
Cash distributions from
12,403,537
underwriting exps.
&
California—Appointment—
been
income
for
Cash
YEAR
adjust-
expenses
has
dividends in
Other operating
-
premiums
Losses
Witter
(
\
•
paid to transfer agent and depositary—^22,384
Dues paid to Natl. Assoc. of Investment Cos.—
.',1,761
Legal and auditing services
6,899
fTax expense
25,699
premiums written— $32,211,925 $27,713,089 $20,821,128 $19,303,537
Decrease
Dean
:
1.75
Co._^_—__ 4.00
Fees
company.
CALENDAR
cash
from
Directors'
added initially
$3,135,288) will be
Of the net proceeds,
intended
be
Wisconsin
.
from
Total
the balance to surplus.
presently
;
Daggett & Ramsdell, Inc. above.—V.
Interest
company's general funds.
$10 per share,
aggregating $1,407,500, will be allocated to the company's capital stock
proceeds
,
.
Stated-Street Investment Corp.—Annual Report—'
years
(approximately
the
and
,
Years Ended Dec. 31—
additional
th
the
by
writings.
net
:
751.
p.
See
in the expanding casualty and fire insurance
ratio of its capital stock and surplus to its
the
'
Standard Oil Co.
Income
in
position
The
.
Bros. •&
Stein
general charge of admiirstrat-'on of Standard's lax ofgani?
formerly was Special Counsel in the Secretary's office.—V»-
in
be
in keeping with the
industry as a whole.
This rapid growth has made it advisable to
obtain additional capital funds in order that the Group may continue
its
2 00
Lambert
C.
S-ott
will
Income
maintain
1.75
Standard Oil Co..of
offer and sell
J,- 2.00.
1.75
Co
1.75
Lynch— 1.00
&
Co._X-* 3.00
&
1.75
1.00
4.00
5.00
Co.—
&
2.00
Wagenseller & Durst, Inc.H. C. Wainwright & Co._i
Wat'.ing. Lerchen & Co
White, Weld & Co._
Wh'ting, Weeks & Stubbs_
1.00
947. '
p.
Sm'ihers
S.
f ^
".
<.
-
William R. Staats Co
*:
3.50
Co
Tully
Mitchum,
F.
&
Co
&
Boyce_^_—-
Co.____ 3.00
&
Moore. Leonard
—V.
> v
5,00
„2.00
Inc.
Pomerov,
5.00
Co.—
Tur-be.i
Button
Schoellkopf,
3.00
Co
Legg &
&
M'lwr^kee
has
to
&
"
:
Co.;---—1.75
&
Schwrtbaoher.
100
3 00
V^MoiVe" % Co
McDonald
subscription
volume
substantially
Co.
&
Curtis
r-itnam
1.00
&
Jackson
Webber,
Paine,
2.00
Co.—
&
Percentage
•
Pac;fic Northwest Co.1.00
.1
Corp.— 4.00
Weeks
&
Ho Lton
A'
Mosc'ey & Co.——_ 4.00
H. Murch & Co. 1.75
Pacific Co. of Calif—— 1-.75
1.00
Co
Marache
Hornblowcr
but'
bq
warrants,
purpose
The
M'chlean
the;
to
warrants
Maynard
1,75
Fahey, Clark & Co.___
draft
PURPOSE—The
capital
Co
&
underwriters and
stock offered to,,
subscription
F. ,S.
1 75
Sons_____
Bruce
common
%; y:v" v V,1'
Corp.__11.00'i
Shelby Cullom Davis & Co.
W.
.
follows:
as
&
Brown
Coniad.
several
the
of
names
Percentage'
Boston
Allyn
Alex.
"■H.;'.:
may
are
:
.
First
C,
for
Co., Inc.... 2.00
Basworth, Su'livan & Co. 2 00
H. F. Boynton & Co., Inc. 1.00
rights, holders of warrants
accompanied by cash, certified
payable to the order of one of the following
subscription agents, in an amount equal to the full purchase price
for the
shares to be purchased:
Detroit Trust Co., Detroit, Mich.;
Guaranty Trust Co. of New York; Bank of America National Trust
& Savings Association, San Francisco.
It
tax.
478,191
.
,
Mooringsport,
mately eight
La., and a 30,000 kilowatt unit at a location approxi¬
miles southeast of Longview, Texas),
$3,200,000 for
transnr'ssion
lines
and
substations
and
$3,600,000
for distribution
facilities and: general-equipment.
In order to provide additional gen¬
erating capacity pending completion of construction of the two units
above mentioned the company has leased from the U. S. Government
for a. five-year term expiring Nov. 10, 1952, at a rental of $32,000 per
year;; a War Department, annunition plant
(known as the Longhorn
at
Karnack,
in
Harrison
County,
from underwrit.
Investment
Tlncomc
Net
from
realized
by the company during the war over a 66 KV
transmission.line with which the plant is still connected. Company has
for the purchase, ahd the installation in this plant,
of
two used generating units with Capacities of 10,000 kilowatts and
6.250; kilowatts, respectively, at a total estimated cost of approximately
$630,000. The- lease may be cancelled by the Government on 30 days
-
'
:
-COMPARATIVE STATEMENT
OF NET
ASSETS AT DEC.
31
|
Income—
invest
728,224
profits
before
625,119
(On the basis of pricing
securities at market quotations)
'-A-
A '
oh
in-
investments
.
; - •
8,893
134,278
38,793
'
'
1947
;
J
1946'' j
.
♦Investments at market quotations-^..,^
$53,247,924 $60,485,279
banks—^j—
———'— A 10,817,072
757,943!
49,196
Cash rin
Net
profit
taxes
come
Federal
ineome
Refund
prior
come
$2,019,705 *$2,556,640
818,000
taxes—
(payment)
$1,179,981
8,854
18,519
$2,146,384 *$2,547,736
Net profit
$1,198,510
$1,111,407
Crll9
237
Minority interest
Cr42
Cr560
w
_
Net
profit
tPer
share
♦Loss.
axlnum).
■
$2,146,438 *$2,547,226
"
declared
510.240
$6.10
______
tAfter
investment
1251,876
______
Net assets
510.238++
-
expenses
shares-outstanding
*87.24.
and
—
tShares of common stock
+___
$64,223,940 $61,900,518
outstanding—
■
Shares
Dividends
$1,133,629
510 235-
;.$34l'
$1,111,170
457,104.
"63.16!
depreciation J. ($36,000
Dec.
385,176!
$64,339,885 $62 999,11$!
1,000,000
115,945
98,597
::
Total; assets
Note payable to bank..:
Other current payables and accruals——.
—
944,639
—
1,370,717!
______
_
883,8O9
in-
years
taxes
capital stock—
receivables—274,890
to
current
Other
$1,995,216
of
Fed.
Subscriptions
,
Texas,
served
subscribed
■
2423.
p.
bank
or
account
7%.
31, 1949, and that of this amount about $3,500,000 will be
connection with the construction of two additional gen¬
units
(a
second
25.000
kilowatt
unit
in
the
station
at
t
7
the shaves of
by,' the holders of
purchased by each
.
contracted
20.821,128
l;166:S65r
*'. ♦1.636,852' :
♦29,349-941
♦38,165.169';" -.♦a,953,244
T
.
332,903
Boston
deliver
check
The
1947-Jan.
was
;'*.J
foregoing tabulation includes Planet Insurance Company
beginning of its operations in October, 1944.
-' ^
r
;
the
♦37,691
'
.
payable March 31 to holders of record
quarterly distributions of 20 cents each were
An extra of CO cents was also paid on Dec. 31;
expended in
which
~
UNDERWRITERS—The
stock, par $5,
issue.
First
must
dividend.
tax..
located
$14,853,423
litercomnanv ' reinsurance"
not
During the. subscript'on period the underwriters
5
3-15
the
20.165,91-2;
respective percentages of
3-16
+2c
at
^
$4,025,301
*1^86,454rih '.'-19^44$,3«3.
i7?***< $62,$75?'19^303,5377
20.503.837-
-
21,987,693
$£79,071 in 1947.
728,013
of the unsubscribed stock, end stock purchased or to be pur¬
chased by-them through the exercise of subscription warrants at prices
not less per share, than the price to present holders.
2-27 :
14c
/
-
49 089.192
188,752
Previously,
this
on
1947.—V.
.
BETTERMENTS—Company estimates that it will
expend about $10,300,000 for additions and extensions to and im¬
provements of its electric utility system during the period Nov.
1,
and
1945
Rights to subscribe, evidenced by transferable
subscription warrants, will expire at 3 p.m. (EST); noon
(PST) on March 24.
2-27
(quar.)
;
-
r •
; 55.507,166
$2,197,944
1948.
10c
tax
.
since
shares held of record at the close of business March 10,
AND
Ordnance, Works)
;
;
the. directors declared
25,
common
16.
Profit
erating
"
.
£92.
p.
1946
2-28 )
(Continued from page 16)
ADDITIONS
-
;
3-18
3-20
•
's
„
44 545.919
$1,357,884
3*15
3-24
_
Income
„
:
r
1947
$1,726,102
362.278
534,965
26,743 :;
239,693
'•
•
3-31
561/4 c
|
t
,2.65,3,059',
"41.719.367
1946 and
"
3*30
sold by. the company in 1945; and in 1943-1946, the company sold
its ice properties; all such sales being for cash to non-affiliated
Interests.,1.
-
,,
3-31
2-
■:
the
Provinces of
«6mpany .ranked eleventh
on the basis of net." pre,i ;,7.; ri.'it.
1
•37,600.243,
1°4-,
The
Net
•
"
3-19
General Corporation and
Investment News "
•
167,
'
$2,038,961
income
optr.
CONDENSED
>
1
'
3-19 I
61
resident
income
'
'
1
3-30
(irreg.)
Jamaica
'
1
10c
Co
^Payable in U. S. Funds, less
^Payable in Canadian funds,
xLess
's
"
.
4-
20c
•Transfer books not closed
•
*
Spokane Portland & Seattle Ry.—Earnings—
fields
15%;
1050.
4-
A
*
resident tax
167, p.
3-11
4-1:0
Youngstown Sheet & Tube
Corp.
&bijlftfcfbn
19*4
22.—V.
increased
Products
,
Vk
(1943
shares
Corp., 4'/2% preferred (quar.)
Yoimg Davidson Mines, Ltd. (resumed)
bf";casuaily
26,953.375
29.690 677
•37,751,688
!
3-11
25c
y
23.450.476
7
1
$40c
—
the
statistics,
■
$23 490 266
1942
i
$1.75
(quar.)
•
insurance companies
1^6.-
1933
'3541
:
3-15
;
York
Zonite
'
bonds,
The
25c
(L. A.) Spring & Wire Corp.
in-
(1940
r.
10c
pfd. (quar.)
convertible preferred
Yolande Corp.
(quar.)
following
-v/'',k.;■;
50c
—
Door
■
t50c
!A
r
1948—2 Mos—1947; ;
.
4■
-
allied' lines in
and
$3,843,598 $14:634,016 $15,393,243
4-
25c
(monthly)
6%
Steel
1948-^Mo«tH—1947
$8.664,3.$9.
2-28
$1.25
preferred (quar.)
4Vi% convertible prior preferred (quar.)_
Wright-Hargreaves Mines. Ltd. (quar.)
Yqungstown
>
15c
prior
Young
■
Offering of Common Stock—
Corp. heads an investment banking
group which has underwritten an offering by the com¬
pany of 140,570 shares of common stock at $23.50 per
share to holders of its presently outstanding stock.
The
offering is on the basis of one new share for each 2%
50c
conv.
602.
p.
25c
Common
Towne
167,
Standard Accident Insurance Co.—First Boston Group
4
____—
r
?h
assets, the groissr' "premiums writtonr rpm8tt*#n$^
v«|)hicr- "-and. -h0%.r-~"^^iijycnpx's_W-iittjESla
consoliduted basis:"
.v.
'•v"" h '■ -•' '"7" .T
March
5
3-15
$1,121/2
1
Yellow Cab Co., 6%
1943.—V.
-The
$1.90
Underwrites Preferential
(quar.)
the Territory, of Hawaii.
published
casualty
written
$2,345,048
1
$1.12 V'a
(initial)
•
^f
48 -states,
' *
,r
all
hi-
allied Unes
fire-and
and
Co.,
to
stock
First
(Alan)
Yale. &
Accoia'ng
directors
March
4-30
(quar.)——.
Wrigley (Wm.) Jr. Co.
Wysong
Miles Co
FeKT8,
and
have also ordered payment of the full 4t^%
interest * : .'1948
11S47
available net' income, for the year 1947-on the income mortgage iseries A. The interest is payable April 1 to holders of record
♦Excird"^
The
On
1::
$1.50
(quar.)—
Co,,
casualty^ fire
Quebec, Canada.
*
ihiums
Square D Co.—Quarterly Dividend Rate Increased—
3-15
—
„—
Insurance
'
3-19
4-
$1.06 >/4
_
.
,
'138,000
•
Steel Co., common (Initial)
8% preferred (initial).
Woods Mfg. Co., Ltd. (auar.)
Woodley Petroleum Co. (quar.)
Woodward-& Lothrop, common (quar.)—
7%' preferred (quar.)—
Wool Combing Corp. of Canada, Ltd.— v.
Quarterly
Worthington Pump & Machinery Corp.—
Wood
17.' 7
167, p...751.
♦Deficit.—V.
Wisconsin, Power & Light Co.—
Wiser Oil Co.
V, ;*"
_
Yhe Irving ; Trust Co., New York", pn Mutch 10; announced that it
mall chei^Ei'. ta^he holders of escrow receipts for common stock
of this railroad 'tia .cover: the dividend df.. $260 a share
payable on
April 1. A like, amount was paid'on April 1, last year.
3-19
,
■ '
/S/
*
were
y';' ':7'57
The company owns all of thp outstanding, capital stockof its .sub-'
svdiavics except directors' qualifying shares. Control of .Pilot ?n$uranco
Go; was acqu'red in 1930. »,* '
^
' /-V..-.......
-hf.
3-19
(quar.)_
:
$2,483,048
-————-
103,11$ hha'resTIssued
1 z:
4- 1
30c
Insurance
'Ontario
will
3-31
4-
■
t25c
pfd.
$2:737,733
254,684
$3,022,407
stock—___—!
preferred
turn;
$3,351,414
92D;007
Pilot
y Spokane; International RR;—To Pay $2.50 Dividend—
■'
4-15
—
(quar.)
Ltd.—
on
January—
5
3-19 T
75c
6%
;
3-5
1
$i.06y4
Power,
Planet
1939
:
3-24
$1.75
><''
• v-
.»
j,
NOTE—The
75c
iquar.)
preferred
—V.
out of
3-10
A 3-10 (
1
4-
3-10)
4-
:
■25c
y
Wisconsin Hydro Electric, new com.
Wisconsin Michigan Power—
preferred
3* 5 j
25c
M-v'i,si
(quar.)____
Winn & Loveti. Grocery Co.,
Increased quarterly
4V4%
2-16;
13-101
A 3-31
$1.25
i
A_j
Co.
Electric
;•
l
3-31
ri
12V2C
----- -
$4.25
divs.
Net sales_-xx_-■
:
6-17 *
.
X
4-
*•
or
District of Columbia
2-28 A
3-18 1
:
3-15"
4*
;
120C
._
I
,
25c
—A.
Company,
1,903,843
————X-11+—
-
"-Period End. Feb.—
.
V
3-25
3-15
50C
—
__ _ _
9,008
.
——
Corp.—
Co., 1'.,. preferred
(quar.)
Ltd.
!
4-10
"4- 1
-;
York*<and^National Batik, of
New
Y
Spiegel, Inc. (&, Subs.)~February Sales Off 2%-—,
2-28
3-15
50c
of
.
.selves
among
-
8-16
3-16
Co.
j'.'t 4,-vt
'
i 8*15-
3-15-
.
Stores, common
6%
preferred (quar.)_:
4Vt%
preferred (quar.)
Wilson
'
20c A;
Wieboldt
Wilsil.
>
3-26
25c
•
Water
$4;397,251
1,659,513
.
4-15
v
,
-
River
1
'"A-' 1
-
Wheeling & Lake Erie E'y., common-—-— ; 1
75c ;■
5Ys%
conV;
preferred (this issue being
A-:
r.called 7 for redemption on May 1. .$t.37'/2
A
50c
Wheeling Steel Corp., common.
—.
Wichita
ineome
♦Includes
4*15
____________—__
Wichita
3-19
$35c
Wheeler Osgood Co., common
50c convertible preferred" (qiiar.)____,
Whiting Corporation
Whitaker. Pape r Co.
$5,255,258
♦Adjusted balance applic. to 1,237,354 shares
' 7
:
of common BtOcfcxi—$3,022,407
Earns, per com. share ^>n basts of-adj.-balance—
$2.44
i 3-19
'
J50c
________
(5 prior preferred (quar.)
White Motor Co. (quar.)—
600
/
income deductionsx—
Recurring items
"
'
m.40
(L
sprety and fidelity j>onds; It conducts 'business in dll
the United States, the District, of .Coluwib'a; and tho
Territories of A)a ka and Hawa'i. The ham«h and, the ■ principal Jkits
of insurance written by its subsidiaries are-as follows:
h"
'
i
Vo
.1
t
.
4-
$1,121/2
•
A
Westmoreland; Inc. (quar.)
Weston (George) Ltd. (quar.)
5,719
$497,307 '
-'.VV
-
/1'
■>
PeTT«TNW^—•'«!' p"^e^d.^Tmarily "in"^thc^^ writing'
$4,388;243
$461;748
Balance applicable to common shares__»—__
Adjustment for net amount -of certain non-
I'
3-15-
-
4*15
ri-A 1
com.—
—_
^
65,214,236
'
41J)21
$402;348
$491,587"
income—
Accrued
-
A
3-15 A
3-31
:
$1.25
Westmoreland, Coal Col.
•
1
4-1
^
$1.12>/2
i
___*
1;028,732
*3-12
t50c
5%: preferred ' (quar.)
Westingh0use> Air Brake Co
1
4-19
25c
—
.
income^
Net
3-18 ^
$1.50
40c
Western Tablet & Stationery Corp.,
5%- preferred (quar.) ;______
631,556"
-
7- 779,676
824,815
935,572
-
1 •>'" '79;2217
'
5
4 -19
3—30
(quar.)
—___
income^
other
Tetal
5
$1,75
(s*a)
Co,
■: 3-
*
(extra)
Western Condensing
4-1
8-20
Stores, .(quar;)
Grocers, Ltd., class
preferred (quar.)_
$1.40
3-
5-15
_
(quafc;)-+_-+_/__-.-__--__
-63,323
98,437
Trust
■-■;
'•
3-17
3-15
"...
oper.
Gross
8-12
—___•
Westdrri AAssurance Cbi (Ontario):
895,005
87,636- —5 74,214
Detroit
Midland
;
.
8-lfl
$1.75
_
;
84,930k
—
_
3*15 '
1
3-10 A
ny2c.
■
$1,605,252 $13,094,162 $10,752,422'
*
38G.744 - 5,020,615
4,128,131
-
retirements-
(other Sthan; inc.)
•
Total
3*15
1
80c
___—
468,493
••
,
1948—12 Mos.—1947
v.
and
insitrance "ind
3-20
,
'
Earnings—-
;
paid nn,-the , common); stockeach
year from 1898 to 1931, inclusive... Dividenda on .'the.;, common stock
were resumed in 1941 after having been suspended from 1932 through
1940 and;were pa'd. at the. annual rate of;$2.50i pjpr. share ,oq ?the
175;933 shares outstanding from 1940 to-,October; 1944^7- In;jQctoberi
1944, stockholders were offered the*-rigbt. ,tovpurchase-,-at; $16 ^per,
share one new share of common stock" for each share, then; held,
As
a.
result,
the number ..of shares oUtstand'ng^ Wfts increased to
351,876 shares on
which quarterly dividends ^aggregating; $1:46 ' .per
share annually have s:nee been paid.
A quarterly dividend of 36V4c
per
share was paid oh Marsh 5,
1948, to holders" of. record Feb;
23, 1.343.
,
7;
•' :,V" V; .
'3*19
1
4-
.
,
1 7
IOC
.jOst.TVirginia Pulp & Paper (quar.)__—
Special.
—
West ;Penit .Power Co,, common (increased.)
4Vi%. preferred. (quar.),—L__!___+,
West ViTginia. Water Service—
.
$4.5ft;, preferred
4-
1
20c
-A
.Common
1
10c
■
"
.„
11,912,040>'
-
common^stook-are'.GhaSe^'Nationftl: Bank;
Trust- .Co*»^I>eftTott,.'and,vthe^registrars are
7DiyiDENDS--Dividends
$3,500,0007
—3,500,060
x
Marine
.
1
31V4C
Co;_'_
i
$1,231,085;
ex"pense__:
Maintenance
3-31
$1.75
H«lu'at.K-v-*--:-*--*----**i»*?
^preferred (quar.)L*_i:.LJjA!'__-Jj______.
class
5:
4-15
50c
—Li„_j
(quar.)
Corp
'.^O,. PRESENT;'ISSUE-,
' ,-,>AuWdrized;";-^6utstanSing';■
492626 sh$.7y.V1'•492,826 shs."!
t.
contingehcies)
for
res.
r
~<y.v "'77. VX-Tt' -7w'.>,
194S—Mqnth—-:1947
:
revenues—__
3-
15c
_—_
-
Operating
Operating
Net
Co., Inc.
West;' Ohio Gas, Co.
(quar.)
West APenn. Electric, :7% pfd.
$7'
3-
2-25
,
to
Public Service Co.
Period End. Jan. 31—
.3-16
3-15
25C
—
agreed
'.V.i'-
1056.-
3-15
—
follows:
Webster Secur.ties
$1.50
20c
&: Snowdrift
Oil
&
; Southwestern
3-16
•
Wellington' Fire Insurance <s-a)__
Wellington: Fund, inc.
(quar.)—
Wesson
■
1
.
(quar.J__
&
2-24
4- -1
..
bouds
such
York,
The
Detroit.
2-24
4-v 5f
$1.37 Va
—
Webster-Chicago Corp.
Wells*Gardner
4-
J
(incl.
(par $10)—;
The transfer agents for the
New
of the bonds and the;
be purchased by them,
Co^
25c
Fixture
(quar.)-
3-15
A 37 Vic
(quar.)
Co
S%; preferred
3-15
&
as
are
—V. 167, p.
+3-15
,
$1
■
5Vi-%
&
1
50C
■—————_________—.——_
Wayne- Pump
4-
37»/aC
—
amounts of
respectively,
2-13
3-15
.
Surplus
the purchasers
of
names
STOCK/ GIVING EFFECT
\ .71
stock
of
PURCHASERS*-Tlie
,
Weber Showcase
.
3-19 A
3-12
62»/2C
_
Washington Water-Power Co. $6 pfd. (quar.)
Waterous, < Ltd:. (quar.)____
i____
Waukesha7.Motor Co.: (quar.)—
,
bonds
.4-15
\i'
Common
provided'principally out of the proceeds from the sale of the
series B now offered, and cash from the treasury Of the
company./>< .;•. • ' •
4*
(Hiram) Gooderhanr & Worts, Ltd.
Washburn; Wire Co,
..
1
$1
Baking Co,, common_____—_____—
preferred (quar.)
—*
Warner Brothers Pictures (quar.) ______
*'
will.be
3-HT
40c
Ward
■
3-
3-12
2-14
37 %o
.Quarterly
Disney Production, Inc.—
6%" conv. preferred (accum.)—
Wamsutta Mills (quar.) ——________
'
2-14 7
3-20
4-
3-15
$2
—
__
' Extra..
CAPITAL
75c
.
___
_
»:
declared by the President
national emergency
a
or
Payable of. Rec.
60c.
________
^
Walt
the event of
25c
(s-a)
Wagner Electric Corp. (quar.)
Waldorf system, Inc.. .(quar.)
Walker (Hiram). Gv & W^. (special)
Walgreen Co., common (quar.)
;4%: preferred (quar.)
Walker & Co:,> class A (quar.)—
Walker
notice in
Holders
the< iCohgress- of ther. TJtiited States,;' Company intends, to writeroff
this temporary investment at "KarnacR over the 'life * of the lease; It
is' expected that funds for the construction program, above mentioned'
Share
'..A'; \,
"Wacker-Wells
31,
194T;
perl
Total
-v
of
common
shares
Net'"assets
I Dec.
31,
1947
and
subscribed
aj; Dec. 31 '
outstanding-arid1 subscvibed_i.:.___
per-
;rri: '-^Aefgregate
stock
share_L_.,_-u!__—!*:*_
cost: of
1946.
$42.70
investments at, Dec.
$50,545,156.
tAuthorized
1,360,486
30,810
1,391,296
1,504,181
' ___£!-:
1,504,}8l
31,
1947,
common'
1948, 1,800,000) shares without par value.—V.
$44.49!
$45,936,504;
stock
at
Dec.
167, p. 52.
at
31,
Volume 167
Number 4681
THE COMMERCIAL
i
Starrett Corp.—5% Interest
Payment—
Having
been
informed
that
amounting to $50 per $1,000
5%; secured income bonds
its
record
at
Curb
be
the
quoted
u
close
Exchange
this
April
on
will
interest
pay
1948,
1,
to
holders
/
of
March
on
11,
1948.—V.
165,
March
of
An application was filed
with the SEC March 1 by the
corporation
requesting permission to borrow $1,750,000 from
three
commercial
banks to meet the
maturity at $1,500,000 of outstanding notes and
iteimbur.e its treasury for
capital expenditures.
The new notes would
•bear 2%
interesfTtnd would mature in six months.—V.
167, p. 889.
Period End. Feb.—
sales 7_____
•r-V, 16 7, p. 751.
1948—Month—1947
$933,841
On Feb.
the
The
Lower—
March
on
additional
the
would
was
$1,792,215
Semi-annual
each
Corp.—25-Cent
payments of
made on June 2
were
10.—V.
be
used
Tennessee Central
January—
Net
25
cents
and
Net
each
Dec.
Common
and
Dividend—
extra
an
1947.—V.
1,
1948
railway
railway
167,
of
ry.
25
would
167,
Month of
the
An
V.
capital
January
January—
1945
1948
.....
on
Feb.
stock,
...
r
29,090
7,375
103,932
*21,734
"29,164
42,541
Income
from
4
-
'
'
1
.
investments
27
declared
payable
April
like
of
dividend
a
l
of
holders
to
amount
35
of
March
Jan.
on
2,
and
Net
share
per
record
made
was
cents
—V.
income
and
other
'
1948
from
Net
ry.
railway.
railway.
*
$250,729
2,278,124
other
income
"Deficit.—V.
167,
1946
all
$171,054
98,406
January—
Gross
Net
66,110
53,169
34,936
*62,650
1948
826,321
$4,671,712
$3,336,178
& Rys.- -Court Asked to Halt
ry.
,2,885 679
income
1,095,488
S.
The
885,546
of
1945
The
$8,337,665 $10,546,501
4 072,lb2
3,038,016
1,428.471
1,117,820
1948
Operating revenues
Operating expenses
Railway tax accruals..
-
"because
Equipment
3,483,490
580,092
328,048
313,754
138,337
15,639
asks
(net
rentals
Dr)__
(net
...
£
Dr)
73,879
States
and
all
corporation,
other
after
March
8,915
'
registration
a
sinking fund
mortgage
bonds, due
through
be
construction
debentures,
1978.
determined
for
statement
The
due
cumulative
at
the
annual
meeting
voting privileges
include the following clause:
all
elections
of
cumulative
to
of
directors,
voting,
that
is
and
167,
bidding.
of
slock,
distribute
of
them
all
of
each
say.
as
classes
of
affirmative
he
may
stock
vote
such
annual
elected (o form
until
of
holders
of
the
the
rectors
as
of
The
W.
the
to
be
to
of
shall
votes
one
for,
:
v.
,
Nominees
for
.
five
and
of
,
election
rnei, Franklin
nd Lewis
H.
the
he
be
right
that
or
nine
shall
to
no
his
or
all
that
the
31,
of
nominated
such
the
the
the
p.
•
nominees
of
whom
director
et
from
et
ry.
of
1948,
by
by
the
directors
"Deficit.—V.
167,
each
are
Calendar Years—
Prov.
members
of
of
et
Sales
he
in
1947
number
of
on
were
di-
preference
shares
Divs.
William
Div.
S.
are;
G.
/'
113,909
shares
1947
-
'
of
1'
y
j v
>.»
or
,
$295,000
F.
?.
25
'■
cost
in
the
,
.j
filed
exreeding
40'£.
$
236,961
CP.'f'Charlottesvillei,"
1944
$12,046,604.
12,932,049
10,649,649
*$243,460
*$210,217
$456,212
$1,396,954
344,295
309,243
141,975
746,539
*$587,755
*$519,459
$314,237
$650,415
7,767
Dr28
Dr20,335
Dr 2,113
$293,901
$648,302.
__
31,
Cr447,790
201,573
466,753
Cr75,000
loss
75,000
48,966
:
*$337,888
$3,302
43,500
$0.02
$0.30
Nil
for
:
■
$92,328
43,500
share—;
resulting
of
$106,543
43,500
$0.73
-
of prior years' income and excess profits
carry-back of loss and unused excess profits tax
recovery
from
SHEET
$74,492;
$6,000),
AS
OF
accounts
$5,003;
SEPT.
30,
receivable
1947
(after
for
reserve
lost
accounts
payable,
$4,688;
accrued
payroll,
$6,955;
security taxes, $1,503;
;other accrued
taxes, $2,708;
withholding tax deductions, $583; employee bond deduction?)
social
.(contra),
$52;
customers'
credit
balances,
(officers, employees, and others), $317;
$4,416;
accounts
stock
common
payable
of
no par value
$60,193; earned
(145,000 shares outstanding), $520,000; capital
surplus,
surplus, $122,310; total, $723,724.—V. 165, p. 580.
Walgreen
stock
(100,000
no
par),
Sales
$24,855;
167,
71)2.
p.
Ward BaRing
Net
1948—2 Mos.—1947
sales
for
Co.—Reports Record Sales for 1947—»
the
52
weeks
of
the
fiscal
year ended Dec. 27,
1947,
the previous year to the
highest level in the
history,
but increased
costs
of
materials,... .supplies and
labor brought a reduction
in net profits to 3.1 %
of .sales,
Faris R.
Russell, Chairman of the board, told stockholders in the, annual
report
1621.
p.
1948—Month—1947
$12,685,433 $11,709,970 $25,388,310 $23,601,972
——
—V.
shares
income,' since
investments, since Dec.
166,
Co.—February Sales Rose 8.3%—
Period End. Feb.—
ordinary
on
^*$519,488
—
1947
shares
net
profit
*$579,988
tCr231,066
tax—
LIABILITIES—Accounts
receivable, $143,310; securities,
$21,397,003; total, $24,528,936.
(2,485,543
_7
tciaim
accrued
$1,743,294
rose
(&
Subs.)—Earnings-
1946
i
1945
$1,057,061
1944
$1,605,662
62,208
$10,019,675
issued
over
$1,119,269
$1,679,432
of
and
$1.32
year's
p.
bv
assets
30%,
tff *
f
and
87.
113,937
24,000
400,000
100,000
1*
t
to be
offered
.
at
/Pro^^'^lll
•)
turns
722,000
$1,599,855
$515,332
$833,432
52,472
118,746
1,123,821
499,476
124,872
to
that
government wheat
be the size of the
mid-year
;
ItiOdisciissing
domestic,,,fjiippiiq$/of
flour .export program
Winter 'wheat crop* which
1948.
'CONSOLIDATED
the
flour
and
V
INCOME
V
ACCOUNT
.
sales
i/i.;
...
_
-
$930,215
.
.
198,505
receivable
(after
Other
SHEET, OCT. 31," 1947
at
cost
(after
$53,078;
and
agency
of
reserves
investments
(after
tInterest
,
■'
v
dividends payable,
insurance
and
contingencies,
fixed
$703,825;
$56,838;
taxes,
assets
and
debs,
on
$6,290,762
$3,167,584
343,166
-
reacquired..
taxes
(est.)
v
.
346,234
'>3 87,934
1,790.
-
—_—
•'
1,549,000
2,300,000
$2,531,425
——
$3,642,738
>•
—,
11,957,000
''
Net
income
"
$7
on
5Vn%
Diys.
011
common
"Earnings
"Based:
(in
1945
tFor
per
pfd.
earned
::
stock
from
date
83,813
971,614
-
349,545
899,052
107.847
$3.03
'I
shares
of
of
issue
831,376
350,197
$4.58'
share—
readjustment
$1,122,650-
——
....
stock——
719,930 Vz ;
on
'
„
pfd. stock-!
common
after
1945,
to
————
on
Divs.
tax
reserves,
transferred
surplus
Dividends
total,
^
income
167,887
$4,423,591
$2,999,697
reserves
accruals
(estimated),
$1,467,936; reserves for
etc., $4,771,988;
reserves
for
high
rehabilitation, $1,026,851;
general
general
215,667
debentures..•
on
Premium
property account—tanneries, extract and glue'land, buildings, machinery and equipment (after
charges,
$6,075,095
...567,117
—.1—_
Federal Income
$24,578;
$2,848,260;" deferred
$3,856,474
—1-,-—
Total
trade
$52,969), $2,860,263; accounts
inventories,
$8,015,899;
miscel¬
$18,482), $35,100; deposit with
miscellaneous
from operations.
income
or
of
reserves
(miscellaneous),
additional
in
said
499,486
stk.
%
$3,539,600;
of
out
he
Dec. 27,'47
Dec. 28,'46'
Dec. 29,'45
$86,547,804 $70,528,129 $60,247,837
goods, sold
56,232,239
46,952,190
41,103,678'
Cost of delivery and sell, exps., incl.,.; .l b:..
I
advertising
18,625,399
16,066,587
14,500,957
Depreciation
1,123,658
'
818,937
825,54a
General and admin, exps...—
710,034
615,320
817,957
Net
700,000
CONSOLIDATED BALANCE
warehouses,
1948
Cost, of
103,118
490,000
stock—
receivables
the
market
,i
113,527
2,163,000
—
pfd.
ingredients,
52 Weeks Ended—
1,100,084
'VJ
■' UVlCt-?3**y- •
«
in
1947
and
capital
Oct.
1,
719,4571,s>
structure
$0.29"
shares
in
tax.
'»•
CONSOLIDATED
U.
S.
in
banks
Govt,
BALANCE
SHEETS
':'Z :"i■ V.'/'V'7V!:.Dec. 27,'47
ASSETS—
Cash
1946
Sept. 26, 1945).
tlncludes excess profits
1945.
on
and
on
securities
hand—__i——,
at
cost,
which
$4,531,708
Dec. 28,*46
$4,100,613
approxi¬
.
of,notification with
Va.
to
4,442
property reserves, $1,183,625; class "A" stock of no
par Value
(issued
249,743 shares), $3,111,798; common
stock, of no par value (outstand¬
ing 397,010 shares), -$1,556,279;
capital surplus,
$2,918,087; earned
surplus
(since Nov. 1, 1937), $1,070,626;
total, $20,211,939.—V. 167,
p. 588.
'v; ■:
jV-V. / :1
from
rose
what
$1,851,302
con¬
taxes (est.)
A
'
face^^'cqntinriatlon.
availability of
depend on
82,427
r,
•*.—
dividends
inventories,
1945
9.
baking industry, according to Mr. Russell,
high levels-of costs in the first half of 1948.
will
payable, $656,290; accrued payrolls, $123,191; additional compensation payable, $110,000;
miscellaneous accruals,
$414 651
current
Feb.
on
The
$1,768,875
73,769
$5,262,939
etc..
class
$34,354),
cost
$3.09
-
last
Net
i
,,
.
1945
$13,388,262
348,327
paid
per
employee
12,520,463
LIABILITIES—Accounts
197,603
letter
a
1946
$138,111
receivable, $303,563; inventories,
$91,971; cash held for employee bond purchases,
$52;
other asset1)
(investment in stock of other
corporations), $1,470; plant and equip¬
ment
(after reserve for depreciation of
$239,781), $239,781; unexpired
insurance, $6,009; other deferred expenses, $1,384; total, $723,724.
indicated
—
69,300
$1,325,145),
$20,211,939. <\: \ -
$424,794
1946
$3.42
^1
from
second preferred
$5,193,639
expenses.
governmental
reserves
$970,111
$1,073,258
Feb.
Report—
1947
$113,193
BALANCE
purchased, -$900; reserve for
$104,550; $5 1st preferred stock (200,000
1947
_.
prior
on
on
receivable
of
*13,913
1947
taxes.
first-mortgage bonds,
Cassei &)
nk loans.
j * » it
on
;"
...
profit
plants,
*13,833
*39,370
increased
671,934
exps.
inventory
accounts
securities
Leather C«k
_____—
invent,
income
accounts
shares
1945
*$15,069
*21,912
7
$14,506,226,
911,198
'
Net profit
common
1946
$30,117
.•
;
$2,144,623
950,481
731,428
'
2,032,465
DEC.
realized
sink,
Co.—Annual
...
ASSETS—Cash,
2,218,773
ASSETS—Cash, $2,778,325; U. S. Government
securities,
redemption values (quoted market value, $3,540,880),
Trailways Setwjee, Inc., Washington, D.
C—Files with
•
taxes
$977,656
888,815
1,098,000
——.
H.
United States Life Insurance Co. in the
EC—
;The company
for
Common
H
RR,—Earnings
313,876 shares
customers
$1,190,734
2,533,095
stock
$2,301,414
taxes
funds
income
and
,
income
.*Loss.
1,700
1,000,000
undistributed
deduct'ons
Net
owned
outstanding
>,189,552 to $2,545,099 during the year.—V,
167,
1,,
plant
$36,442;
profit after charges and
arnings per share
,
11,852
stock
stock
and
profit
tingencies,
Other
Cleveland—Earnings—
,
71,500
$5
net
$1,475,000;
"
i
4,643
total, $24,52&.936.—V.
States
income
Aband,
by
originally
board
class
shares
395,730 3/20
43,572
Towmotor Corp.,
Fed.
fund
profit
comes
752.
p.
$103,101;
income
Total
of
election
was
the
company's
common
had
and
108,175
after
capital
reconversion
for
Earns,
$1 ,107,341
140,246
dividends
$7,527,018
5,382,395
356,653
——
■
of
$324,343"
income...
6,095,305
profit-
$1 ,122,545
SHEET,
1947
$8,396,719
T
operations—
income
after
profit
Dividends
1945
6,873
$33,941,466),
for
$373,620;
sales
Other
.
railway
oper.
1948
Aircraft
for
Net
-
7
■
1948
railway
oper.
for
Prov.
I— $14,263,757
payable,
$3,421,910;
Operating
of
Fed.
elect.on
holders
I
,
s,
1943,
1943,
laneous
railway..—
of
$32,443,346 $18,707,962 $20,601,465 $20,330,921
Cost exps. & ord. taxes. -27,170,337
17,574,441
18,920,781
18,489,069
Depreciation
79,370
76,461
:'1 75,081
72,978
constituted.
-.Toledo Peoria & Western
from
value
EarAings—
RR.—Revised
January—
income
Prov.
directors.
87.
January—
1947,
174,645
appreciation
par), $20,000,000;
S500.000; common
United
a
rosst
,579,608
oper.
Res.
was:
$2,988,623;
Years End. Oct. 31—
be
holders
for
B;
company as of Jan. 31.
convertible prefeience stock
167,
31,
of
$1,373,952
^
—:
accounts
reserve,
31,
Net
pro¬
Holders
of
of
by
Feb. 1, 1948, follow:
holders of convertible
vTlie
650,056
167, P. 948. j
Net
or
will
persons
four
election
each
for
for
.
f
par),
Dec.
may
two
985,161
from
ry.
Other
un¬
28,789
—
(indicated
no
special
Pollock, T. Clifford Hayes, F.
Kingsley Rodewald
Durland,
'
'
took.—-V.
on
-$1,628,950
31, 1947.
and
shares
directed,
any
qualify.
elect
are
shares
.
by
cost
taxes
would
to
791,789
ing, sell. & adm.
fair
assets
4,331
—7
BALANCE
the
proposal
and
entitled to vote is
on
shares
entitled to elect five
are
and
on
1946
LIABILITIES—Payable
respect
to
recommends
and
entitled
are
then
by
approximate
31,
ASSETS—Cash,
at
amended
director
Niver,' Jervis Langdon, Frederick W.
Swan
andeville.
be
Income.—
752.
Manufactur'g
profit.
Engineer'g subcontract¬
3,351
stk
1945
1,005,203
Cost of sales
by
5,157
$1,316,453
pid.
securities owned
of Dec.
present
proposal
which
with
single
vote
intended
nominees
elect.on
net
taxes
$1,364,464
investments
1st
011
1946
$2,639,035
...
common
to
a
have
directors
voted
the
elected
directors,
as
the
1946
;
income—..
paid
1947
983,533
Waco
orders
CALENDAR YEARS
__i
the
made.
$100.—.
$2,538,168
Years Ended Sept. 30—
Net sales
Corp.—An¬
Dec.
on
4,142
—
of
is
than
1,605,879
income
—V.
a
212,208
1
less
of
company's
candidate
number;
each
for
is
stock,
company
the
by
Nominees
of
a
nominated-for
of
possible
of
with
beneficially
R.
are
hoard
a
the
names
together
it
are
stock
common
present
for
entitled
stock
persons
preference
designated
re:
common
such
cottvert ble>
of
SEC
sustained
municipal
value
-J—k.
Decrease
company's board of directors for the
following year,
successors
FOR
debentures
basis
offering
2424.
dividend^——
taxes
ordinary
NOTE—The
As
stockholder shall be entitled
management
preference stock
and holders
of
meeting
the
their
convertible
Four
that
fit.'
see
The
a
1
charter
directors
votes
two-thirds
adoption.
posal ite1 rejected.
or
by
"not
quotations,
other taxes
realized profit on
As of Dec.
April
on
the
number
of
number
are
of
required ' for
At
such
the
among
them,
Both
that
multiplied by the number of
cast
may
held
stockholders
many votes as shall equal*the
entitled to cast lor the election
more
the
MichiganPanhandle-
three
and
and
i
and
;e
income
value of
Proceeds
947.
p.
State
the
expenses
.
the
to
be
to
so
the
as
—
Dividends
and $2,the under¬
of
names
competitive
purposes.—V.
the
1973,
Yaeger, 27 Pearl Stieet, New
York
City,
has notified the management that he intends
action
he
served
the
Securities
indicated
amount of
conversion
$3.32i,574
operating
Net
market
—
received
franchi
Net
Net
with
at
and
1,269,007
oper.
Net
the
$1,624,808
Total
State
$365,014
Co.—Registers with SEC—
filed
8
will
stookholder,
be
with
asking
to
area
aside
p.
for
an
ACCOUNT
,
Federal
on
first
of
for
shares
gas
capricious*'
166,
on
aside.
now
set
dividends
Securities
234.829
$434,585
used
Louis
"At
Louis
1947
■
$7,000,000
for
and
securities
*
7,654
751.
p.
covering
Mr.
and
allowance
INCOME
Cash
$008,753
228,028
...
company
be
is
area
court
International
appreciation, had
approximately $36,943,949.
'Thatcher Glass Mfg» Co., Inc.—Stockholders
Proposal
to
&
realized
77,316
SJ70.267
Texas Power & Light
000,000
the
necessary."—V.
Expenses and taxes
income
writers
set
natural
$531,442
.
income
167,
will
eastern
that
arbitrary
are
being
as
14,430
_
....
income
The
be
company
petition
a
St.
at
principal
rate
before
denominations
in
Report—
value
$4,495,807
4,732,983
_.
Miscellaneous deductions
Fixed charges
SEC
The
area.
Interest
-V.
Appeals
filed
Calculating securities without quoted market prices at estimated
$596,388
rentals
Joint facility
Net
of
the
$4
shortly
revenues
Dec. 20,
they
evidence
1947
$6,238,856
....
-
_
Total
Court
for
has
business
$3,359,471
167, p.
Net
the
petition
nual
January—
issued
operating
Reorgani-
was pproved by the SEC in three
separate orders
1947, and Jan. 6, 1948.
reorganization, the company and its subsidiary, American
Traction
Co., bolh holding companies, would construct a
19,
Under
United
Other
plan
Co.
;
-
of
railway—
Wabash
p. 751.
'/'Month
be
'
close
railway—.
Month of
reorganization
Nov.
011
Texas & Pacific Ry.—Earnings—
•j
Circuit
Indiana-Ohio
2,369,839
oper.
j-V. 167,
U.
Pipeline
of
interest
Rai.way
Eastern.
1946
$8,729,378
ry.
—V.
._
Light &
pipe line from the Texas-Oklahoma
1947
$10,379,181
will
extent
The
determined
1948
from
from
Net
reorganization
$156,075
*36,921
railway.
railway...
from
Net
V//
from
the
be
the
948.
p.
Net
356,790
524,680
sources.
Panhandle-Eastern
Eighth
1945
Texas & New Orleans RR.-Earnings
'
to
held.
to
at
$4,162,499
charges
from
United Light
751.
p.
1963,
are
record
to
subscribe, on or before April 5, at
debentures, to be dated April 5, 1948, and
Railway
last.
$202,917
85,816
7
1,
share
Net
<
•
167, p. 948.
The
1947
167,
Gross
755,221
331,077
"• 7
1
of
.-'f
.■
of
right
convertible
debenturs
1,053,751
sources
V
Chief
;
Virginian Ry.—Earnings—
10.
45,920
income..."...
oper.
V
April
V.
$3,050,488
$5,196,392
*•'
World
in
Assistant
2,050,000
$2,587,191
.4—__
Colonel
a
and
■/''
stock
common
for
each
2,175,235
'
Total
n
.
Intelligence
1948/
15,
shall have the
debentures
$8,329,474
2,600,000
March
on
of
15,
due
2,522,058
income from transportation operationsIncome lrom oil ana
gas operations (net)
$384,267
•
noon
for
1947
$8,725,851
income
t
brokerage organization of
A graduate of Harvard
was
purchase $10,000,000 first and refunding mortgage bonds,
due March 1,
1978, will be received by the company at
of J. C, Leighton, 5th
floor, 90 Broad Street, New York,
(flat)
par
$35,342,451 $31,412,909
26,616,600
23,083,435
u
of
York.
Dixon
Common Stock—Rights to Subscribe—
(& Leased Lines)—Earnings—
Net
*66,336
lrom
Net
12
at
Union's
No
Net
to
F,
office
Holders
—
revenues
Texas Mexican
Ry.—Earnings—
Gross
proceeds
in
surplus,;;, also
zation—
..
Bids
the
January—
1946
2216.
p.
induction
to
New
Mr.
former Governor of New Jersey and former Secretary
is the son of Thomas Alva Edison. He became President
Edison, Inc., in 1926.—V. 167, p. 752.
Navy,
series
its
to
1,016,602
1947
$263,927
751.
p.
distribution
166,
The
investment
of
Virginia Electric & Power Co.—Bids for Purchase of
to
company
stock
share.
$2,500,000
credited
the
common
a
the
Co.
degree,
Bonds—
;
.V'
,
common
initial
A
be
expenses
Fixed
on
par)
in
&
A. B.
57
Edison,
of Thomas A.
:\
$50
an
(
the
of
partner
a
Rhoades
with
serving as Director
9th Air Force. "
Mr.
con¬
is
Loeb,
II
March
operating
Federal
4,236
167,
directors
the
on
'
permitting
(no
for
87.
p.
operating
Tennessee Gas Transmission Co.—35-Cent
Dividend—
The
order
an
Co.,
construction.
which
Railway
cents
$359,362
income—
oper.
War
Staff,
share
per
Dixon
M.
1925
were
1260.
p.
shares
Railway
475.
p.
$352,042
''
"Deficit.—V.
cents
each
'•
Ry.—Earnings—
•,
lrom
from
166,
issued
American
for
capital,
1
100,000
North
approved,—V.
Other
Gross
cents
75
'
was also declared, payable March 31 to holders
10, as was the regular quarterly dividend of $1.12'/a
prior preferred stock which is payable March 15 to
the
on
SEC
an
common
common
,Record March
of
•
in
record
of
Union Electric Co. of Missouri—Stock to Parent—
sell
the directors declared a dividend of 25 cents per share
stock, $5 par value, payable April 10 to holders of
11. A similar distribution was made on Jan. 10, last.
25,
distributions
quarterly dividend of 37(4
March
share
Mr.
Carl
quarterly dividend of 50 cents
a
issue.
Union Pacific RR.
{on
(1197)
'
Stewart-Warner
r<i
CHRONICLE
stock, payable March 31 to holders
Previously, quarterly
usual
parent,
$1,773,823
directors declared
common
holders of record March
\
1948—2 Mos.—1947
$937,215
the
this
record
per
'
y Sterchi Bros. Stores, Inc.—February Sales
the
l,
vertible preferred stock
Staten Island Edison Corp.—Seeks Note Issue-
^Tet
10.
on
The
2551.
p.
March
made
March
ex-interest
On
per share on
(series of 1950, due April 1, 1950) of
business on March
15, 1948; the New York
10
announced
that
these j bonds
would
of
on
FINANCIAL
Twentieth Century-Fox Film Corp.—Smaller Dividend
corporation
bond
&
1'
the
L l.
Neiy Directors Elected—
)
*■
SEC
pjr. Underwriter,
be used
"-i"-1
to
r.etire'1
j-
William. R, Bayes,
elected
and
Charles
market—.—...
Accounts
City of
N. Y.—
^7 ' -:77.
W. Palmer Dixon
mates
Edison
directors.
"/-. Mr. Bayes, former County Judge and Chief Justice of
Special Sessions of the City of New
York, is a member
organization of Larocque,
Smith, Penick & Baye^
have
been
j,:.
the
of
Court
the
of
receivable
Inventories
*
at
Investments
..it.-
4,369
:
1,190,740
cost.:n_3.+.f^_u——
&"■
4,582,542
at cost7./.—81,072
...
-----—
2,004,575
1.150,427
4,229,907
,
79,602 .*
-:.fProperty and plant.'at cost..—
j.-,———_
12,877,990
10,413,472
Prepaid ins., tax^s .f\pd- license&qj-^—u:.253,528 '
223,807
Jfntangible
*..■
2
?
'
legal
,;
•'.."7
.
Total
—
■'i.
.
:
ui.
—
v
'
';.'vu
—^
$23,531,951 $22,202,405
.
«/
58
THE COMMERCIAL
(-1198)
Salesmen's
guaranty
Employees'
savings
purchased
Fed.
tEst.
Dividend
excess
on
due Oct. 1, 1970
($100 par value)
par value)—
5V2%
25-year debs.,
pfd.
stock
stock
;
surplus
Capital
167,
for
Inc.)
the
Leo
etc
Nov. 29, '47
.
Nov. 30, '46
mail
Amortiz.
Other
ties
of
rate
The
has resigned
All
and
tAmort.
of
expense
gen.
972,150
122,165
—
conting.— •
for
Profit '
Other
income
————
Operating
$8,427,400
356,540
Total
income
„——
$6,928,499
300,780
$8,783,940
$6,650,677 $11,611,466
Federal income
26,630
Gross
8.069
9,034
Interest
4,400,000
2,700,000
taxes—
Net
*
profit
ments, $162,000 and
of
$4,367,362
$1.17
$7,203,829
$0.93
tax of $3,825,000,
$2,368,565
$0.63
U;
S, Govt,
payable,
Dividends
$474,3
159,6.
42,0
'
t
■
ih
tf!
"
Mos.-h-1#4
1947—12
1946
1947—Month—1946
Perldd End. Dec. 31—
1947
$
$
"
$
$
16,544 642
expenses——
17,189.685
16,008,791
revenue--
.1,180,894
732,184
.14,973,443
inc.—noncommun.
160.658
/> 454,809
1,545,603
1,863,1
1,341,552
1,183,993
inc.™
281,663
502,792
16,519 046
5,830,257
"4.650,4
6,351;;i
income-
1,059,889
•
;•
revenue
Operating
oper.
Ord.
,$1,005,337
177,573
Deduct,
ordinary
Extraord.
173,656
tDelayed
$620,927
$654,103
inc.-_
ord.
from
ordinary
$827,764
207,056,533 183,326,1
15,812,458 192,063,093 189.639,6
"6.513,5
inc. (net) 7
cur.
10,6:3,789 "11.001,6
495,265
51,3
684.201
"81.392
448,813
2,065#
Dr432,191 Dr8,575,942
(neti_ Dr8,575,942
income
accounts
in
on
for
depreciation.
and
taxes
a
and
the
installation of
t.ion
telephone
for
of
and
to
three
to
Orders have
life
'7
589.
p.
Gross
Net
Net
from
from
oper.
ry.
$2,956,492
$3,982,282
668,651
404,432
1,378,877
678,251
railway
134,021
387,575
income
March 9 declared
on
■
'
stSI
dividend of 14 cents per
a
Payments last year were as follows: July 19, an initial
18, 12 cents; and Dec. 17, 22 cents frcm ordinary
cents from realized
security profits.—V. 166, p. 2605.
of 10 cen?
income, a(
.* 'i
N
;
Wieboldt Stores, Inc.—Vote on Sale Postponed— ;
A special meeting of the Stockholders to -consider the
sale eff,"
four Chicago department store properties was adjourned on March
until March 16.
Sec details in V. 167
p. 890.
"* ■>
v
:
.v.\•
v'J ni
.
1945
1946
$3,226,745
railway
Decent
V
•
1947
1948
in
Whitehall Fund, Inc.—14-Cent Distribution—
4
Co.—Earnings—
Western Pacific RR.
January—
made
adjustments
extraordinary
8 .90
412,1.12
170,018
"7,483.235
Oct.
amount.
In addition, 10,000 shares of the $25 par value
d%
cumulative preferred stock was sold to an underwriting group
for $27 per share.
This stock was offered to the public at $28 per
167,
to
__
payable April 21 to stockholders of record March 31.
This divide!?
represents income from dividends and interest alter expenses a
taxes and will be charged to the income surplus account.
been
principal
share.—V.
(-Includes
The directors
,
bonds
first mortgage
sold
the company, and the
lines to provide improved
of
customers
customers.
29,
2,196,000
^
'
1947, sold $1,250,000 in principal amount of 30-year
bearing interest at the rate of 3Vo%, which were
insurance companies at a price of 100y2%
of the
in December,
pany
within the next two years for the addi¬
equipment, the reinforcing of transmission
distribution systems to adequately
telephone equipment and
surplus
"Deficit.
placed for a por-.
this equipment, and to partially provide funds for the program
reimburse the treasury lor amounts previously spent, this com¬
service
"8.884,3
2,603,112
170,618
416,000
_
.1947, of the reserves for
depree at on and uncollect ble recdivfb
(7(in the.net amount of $8,729,234) apart from these extraordinary^
justments, which are applicable to prior years, net income fonta
year:> 1947 amounted to $9,141,346.—V,
167, p. 477.
'
in a demand Tor service
has resulted
electric
the
for
new
inc..
transfer;
inc.
earned
necessary
generating
net
~b
Net
building of additional
service
provide
payable,
be
electric
of
tion
from
"7,067,235
month-
during
Deduct.
Feb. 2, stated:
of
in
marked upward trend in. the location of
territory which
the
will
$6,500,000
lines
and
withheld
accrued liabilities,
amounts
income
President,
income accounted
Net
requires substantial additions to the company's power-,, system.
Studies recently completed indicate that expenditures of approximately
collected for Federal government,
$2,118,014;
$6,676,453; royalties and participations
payable,
$1,508,136; reserve for Federal income taxes (less U.
S.;
Treasury notes of $5,121,365), $13,947,124; mortgages and contractual
obligations due within one' year, $790,033; owing to affiliated com¬
panies, $105,898; advance payments for film, deposits, etc., $533,027;
owing to subsidiaries operating in foreign territories, $1,129,277; debt
maturing
after one year, $19,030,492; deferred credits,
$1,193,718;
reserve
for
contingent
liabilities,
$3,688,000;
interest of minority
stockholders in capital and surplus of subsidiary companies, $253,779;
capital stock ($5 par), $37,010,900; capital surplus, $39,607,217; earned
surplus, $51,175,075; Treasury stock (107,180 shares, at cost), Dr$l,632.743; total, $184,321,857.—V. 167, p. 948.
$4,451,824;
24,345
■'''■■
986.
P.
Operating
which
bonds, at cost or redemp¬
$2,735,633;
for
has. been
there
addition,
industries
$3,905,216; investments in affiliated companies,
$50,818,946; buildings, leaseholds and equip¬
ment, at cost (after reserves for depreciation and -amortization
of
$59,571,903), $48,019,158; other assets, $7,402,633; unamortized good¬
will, trademarks, etc., $1,216,107; total, $184,321,857.
—
16,734
"
territory served by this company has enjoyed several years
bumper crops and good prices for agricultural products raised, and
;/.*
NOV. 29, 1947
provisions
The
foreign territories (net),
$658,081; land, at cost,
LIABILITIES
167,
$794,582
—
A. L. Mullergren,
and
investments
,
173,656
.
"Including
after credit for debt retire¬
$2,446,233;
accounts - and notes receivable, $2,625,878;
royalty advances, $2,702,674; inventories, $48,709,331;
in
and advances to subsidiary companies operating
in
value,
$338,043
38,041
Western;*Jniori; Telegraph Co.—Earnings
$4,526,105
3,526,145
180,798
preferred stock
Balance
postwar refund $236,000.- tOther than amounts in
charged to film costs,
glncludes excess
$15,817,600;
ASSETS—Cash,
tion
1946
52,199
——
CONSOLIDATED BALANCE SHEET,
production
1947
5,377.
for dividends
available
income
int-^#e
bonds, sinking jy|i
$338,919
V■, 1948
railway—JL" : $365,953
railwayvvwi^C
77,442
oper. income-—35,872
,
,$975,380
—•
45,9'
$8818
,
charges, i.e., capital :und,
irom
ry.
—V.
$999,960
deductions.
other
Dividends on
studio properties
profits tax of $1,500,000.
respect
income
and
S118,'i
,
$36,836
from
Net
2,400
—
...
:——
January—
Net
Net
Crl2,118
$3,947,597
$0.54
—
share
com.
per
Includes excess profits
•
Gross
$972,980
—
income
income-—_——
——
$672):
•:';v Western Ry. of Alabama—Earnings—
1946
$5,046,887
4,073,907
—
deductions from
mortgage 4y2% income
986.
jind other corporate purposes.—V. 167, p.
"...
1947,.
:
1—
$463,673
331,311
45,493
—_———■
available for contingent
"Amount
>4,825,000
Net
foreign countries—
Earn,
expenses
50,3'
*
145,250
--—
——
requiremente^pn -general
4% from
sales 'totaled
down
Light & Telephone Co., Inc.—Earnings—
Non-operating
Elim. of net loss of subs,
in
up
$3,282,000,
last year.-—V. 167, p. 986.
this time
at
operating income
§4,300,000
108,503
$313,423
income
Net
7,637
.15,198
interest-
.operating income——w—-
$123.4:
$158,304
39,881
charges
"Net
•
Gross
assets
Minority
were
revenues
■^Operating
$7,229,279
fixed
of
sale
on
first two
sales re¬
1947.
1948,
11 Months Ended Nov. 30—
Net
Loss
the
at
Western
$6 650,677 $11,518,882
—v -92,584
for the
1.0% over
-V
;
'■ • 1 5 ,
;?
'
reports that on Feb. 29, 1948, there were 259 units
compared with 243 operating a year ago. Wholesale
end
of the second month
numbered 1,932- against
as
reported
1,725
Crl,817
3,742
to
February,
for
company
operation
accounts
150,000
——
goodwill, etc.
Foreign exch. loss and
exchange adjust.,, net
income—:——
——
(net Dr)———
operating
Miscellaneous
Fixed
1947, figure.
For the two months retail
an
increase of 1.1%. over the same two months period
Wholesale sales in February reached $3,693,000, rising 9.7%
last year's figure.
For the first two months of this year wholesales totaled $7,730,000, or* 10%
above the 1947 figure for this
The
31,367
Amortiz. of
98,175
1
1948, of $6,975,000,
Sales
1947.
$14,526,000,
February,
over
amounted
1948
sales
period.
1,040,035
489,801
250,632
!1^
——L———
accruals——————
tax
Total income
(]Vto.)-r-rFebr-iSales^
February,
over
1,274,757
17,791,388
971,477
959,282
140,652
$369,6
144,306
3 '?,?
accruals—,
railway
income
Other
last year.
in
property—
Interest expense
Provision
2,012,035
20,302,210
2,384,084
20,407,990
operations.,...-—$334,075
•
$6,796,COO,
5,568,841
depreciation
&
of
Retail
the
2.8%
of
for the same period in
ported
saie
2 ,177,955
19 ,231,409
other
Net railway
as
reports total sales for February,
company
increase
an
$33,093,321
royal¬
participations-
&
Oper.
incl.
costs,
11
Inc.—Official Resigns—
Western Auto Supply Co*
Nov. 25, *44
Dec. 1, '45
$40 ,128,707 $43,911,297 $39,053,991
8,500,407
6,941,994
film coits__
10 ,939,242
tax—tax
Income
of 14.39% over
week of 1947.—<.
Executive Vice-President and a
but will serve as a consultant to th& company on pending
applications and other financial: jnatters-f-V. 167, p. -89.
director,
(& Subs.)—Earnings—
income, rents, roy¬
alties,
*'■
.
railway
from
revenue
Railway
Dwerlkotte
H.
months
13 Weeks Ended—
Flim
v
^revenues——SpsWh .$3,127,2
2,762,100 ,2,757,0.
Payroll tax accruals-—"—-——-
ended
week
1090.
p.
Western Air Lines,
2,481,788
V. 167, p. 589.
•
(previously
of this company
Co.,
Including
Warner Bros. Pictures, Inc.
January—
Equipment & joint facility rents
—$23,531,951 $22,202,405
—r—
——
V.
The British Arkady Co., Ltd., stock, an unconsolidated
subsidiary 58.6%
owned—$38,702.
tAfter reserve for depreciation of
$18,864,108 in 1947 and $19,710,432 in 1946.
,tAfter deducting U. S.
Tax
Savings notes of $2,050,000 in 1947 and $2,750,000 in 1946.—
*
Electric
&
6, 1948, totaled 106,451,000 kwh., an increase
output of 93,061,000 kwh. lor the corresponding
the
719,457
4,283,476
3,691,402
Works
Water
March
6,395,200
4,288,916
——-———
of
operating
Railway
Co.—Weekly Output—
of the electric properties
output
American
7,157
719,930
——T—• --—-—'
surplus
Total
——
Month
.",7;
Net
Power
87,482
6,292,825
6,292,825
6,395,200
(subord.)
■', ;*N; %.
\
STATEMENT
Tidewater tto.utnern
Sacramento Northern Ry. and
(Incl.
$2,058,000
$2,500,000
—;
2317.
West Penn Electric
87,934
.
1,287
($1
(approximately.)
INCOME
„
1947
.
Railway operating expenses—T—-
298,659
87,599
—
,—-—-r———- —
Sales
—v. 166, p.
49,181
53,445
264,414
86,527
—1—
stock
accruals
5>/2%
Common
22,856
profits taxes-.:
debentures——
payable on pld.
Miscellaneous
19,215
1943
First 2 months of—
115,046
Bonds
Savings
——™—______
interest
Accrued
™_—
$1,361,344
,
and
inc.
deposits™
for U, S.
taxes!
Accrued
Earned
$1,509,997
121,194
payable™
SYSTEM
CONSOLIDATED
Webster-Chicago Corp.—Sales Show Increase—
LIABILITIES—
Accounts,
15, 194
Monday, March
CHRONICLE
FINANCIAL
&
Sales.
—
p.
Mos.—194?
$40,223,586 $37,054,935 $30,454,592 $74.103j'|
—-—
—V., 167,
1948—2
1948—Month—1947
Period End. Feb.—
$4,821,152
2,030,029
591,716
Co.—P'ebruary Sales Rose 8.5%-
Woolwortb
(F. W.)
.<
V
752.
'
■
.
ar
State and
City Department
•j)
ft
BOND
The Cum¬
berland Securities Corp., of Nash¬
ville, w$s a member of the syn¬
dicates, headed by Sterne, Agee &
b'f! Birmingham, which
purchased an issue of $600,000
Leach, ?'
water revenue bonds at a
of
net in¬
3.34%—v.
167, p.
1091. The issue is divided as fol¬
terest
lows:
1
cost
$151,000 3V2S, due on Feb.
1949
to
1960 inclusive;
from
$342,000 3V4S, due on Feb. 1 from
1961 to 1977 inclusive, and $107,000
bonds
are
The
1, 1978.
3V2s,-.due Feb.
of
Co.,
Auburn, Ala.
—
Beck &
jointly, were
Denver, apd Refsnes, Ely,
ALABAMA
Bond Sale Details
PROPOSALS AND NEGOTIATIONS
callable in whole
or
in
part on Feb. 1, 1951, or on any
subsequent interest payment date,
Phoenix,
school bonds at 102.00, as
on
March
of
interest
cost
follows:
$7,000
8
an
3.10%,
about
IV2S, due July
as
in
1,
p.
1949; $14,000 13/4S, due in 1950 and
1951; $14,000 2s, due in 1952 and
1953; $7,000 2y4s, due in 1954;
$21,000 2M2S, due' from 1955 to
1957 incl.; $19,000 2%s, due from
1958 to 1960 incl., and $48,000 3s,
due from 1961 to
1968 incl. In¬
payable J-J. In addition to
above-mentioned rates, the bonds
terest
will
bear
supplemental coupons
increasing the total rate to 4%
from date of tfssue to Jan. 1, 1950.
ARKANSAS
the
call
the city
(P. O.
Monticello), Ark.
Bond
Ala.
—
tenders
for
Drew County
:
•
Relative to
on
March 8,
purchased $2,000 general
(1st series) bonds at par and ac¬
crued interest.
Sale
—
The $300,000 hos¬
W.
R.
Stephens
1091—we learn that the bonds
sold as 3s, a basis of 2.556%,
to
a
ern
syndicate composed of North¬
Trust
Co., John Nuveen &
the
call
tenders
for
on
to
March 8,
city purchased $110,000 3%
tunnel, revenue anticipation bonds
price of 104 and $5,000 at
103.73. The bonds are dated April
1,
a
1943
1969.
-
mature
and
•
on
May
1,
.
1959
to
1961; $14,000 in 1962 and
1963, and $131,000 as 2y2s, matur¬
ing $15,000 in 1964 and 1965; $16,000 from
1966 to
1968; $17,000 in
Heitner
&
Glynn, of St. Louis, and Dabbs,
ARIZONA
Interest
"Maricopa County School District
No. 31 (P. O. Phoenix), Ariz.
Bond Sale—Boettcher & Co., of
■'
payable
M-S.
highest bidder was T.
&
Sons, at 100.78.
1, 1948.
The
next
J. Ramey
Little
Rock,
The
Offering—E. Dusenberry,
Bond
County Clerk,,will receive sealed
bids until 10:30 a.m.
(PST) on
23
March
the
for
purchase ; of
to exceed 5% in¬
construction bonds. Dated
$1,250,000 not
terest
Denomination $1,000.
Aug. 1, 1947.
Due
in
$17,000
follows:
as
1957:
$113,000 in 1958 and $112,000 from
1959 to 1968 inclusive. Principal
original issue was later replaced
by $922,000 234% bonds maturing
on Jan. 1, as follows:
(F-A) payable at the
County Treasurer's office. A cer¬
tified check for $1,000; payable to
order
of the
Board of County
$47,000
from
1953
to
1955;
$52,000 from 1956 to 1958; $53,000
in 1959; $61,000 inv 1960; $63,000
in 1961; $64,000 in 1962; $65,000
Supervisors,
part of
of $2,250,000,
have already
Sullivan
Co.
of
1963;. $66,000 in 1964; $67,000
1965, and $62,000 from 1966 to
in
1968,
all inclusive. Interest pay¬
able J-J.
(P. O. San Luis Obispo),
Calif.
held
Feb.
on
At
20
an
the
election
voters
approved the issuance of $400,000
construction bonds.
Central School District
(P. O.
Cruz), Santa Cruz
Santa
County, Calif.
Bonds Defeated—At an
on
Feb.
27
approve an
ing bonds.
the
required. Bonds
authorized issue
of which $l,00q,000
is
an
been sold.
*
County School Districts
Marin
(P. O. San Rafael),
Sale
Bond
—
District
—
v.
bonds offered
167, p. 987
—
on
were
election
voters refused to
issue of $83,000 build¬
Dated June 15,
1947.
Due serially on June 15, in
1960 and 1961.
Principal and in¬
of San Francisco.
terest
payable
at
Treasurer's office.
County
the
;
;
Larkspur School
District bonds offered at the same
time were purchased by Blyth &
Co.,
of
San
Francisco.
Dated
April 1, 1948.
Due serially on
April 1, from 1949 to 1973 inclu¬
sive.
Principal and interest pay¬
The
$140,000
able at the County
fice.
$25,000
Stinson
District
bonds
time
same
were
B e
q'<
offeredf
purchased1
J. S. Strauss & Co., of San
cisco.
Dated April 1, 1948.
Fr
D
April 1, from '1949
1973 inclusive.
Principal and
serially
on
terest
payable
the
at
Cour
Treasurer's office.
The
Bank
offered
bonds
time
same
were
at
a
purchased by
America
of
Sch<
Lagunitas
$63,000
District
National
Tr,
&
Savings Association, at-a p^
100.06, a net interest cost
3.025%, as follows: $21,000 as 3;:
maturing $3,000 on April 1, fr
1949 to
1955, and $42,000 as
of
maturing $3,000 from 1956 to 1
and $4,000 from 1966 to 1963,
inclusive.
Dated
April 1, X
Principal and interest (A-O) p
able
at
the
County Treasur
office.
Calif.
The $18,000 Ross
School purchased by Heller, Bruce & Co.,
District, San Luis Obispo County
—
are
March 1
Arroyo Grande Union High
Bonds Voted
and interest
School
CALIFORNIA
1969, and $18,000 in 1970 and 1971,
all inclusive. Dated March
Na¬
Blewer,
City,
sas
1951;
the
at
$10,000 in 1952 and 1953;
$11,000 in 1954 and 1955; $12,000
from 1956 to 1958; $13,000 from
City
Chicago,
Bank & Trust Co., of Kan¬
Investment
Co., of Little Rock, at par, as fol¬
lows: $169,000 as 3V4S,, maturing
orl Sept. 1," $6,000 from 1948 to
of
both
Co.,
tional
*
Mobile, Ala.
Bonds Purchased—Pursuant
March
were
in
pital bonds offered on March 5—
v. 167, p. 891—were purchased by
the
our
The
School
the
Calif.
tion with the sale of the
par and accrued interest plus
premium equal to a. year's in¬
terest.'
'
v '
Homewood,
City School District (P. O.
Fresno), Fresno County,
Fresno
connec¬
$900,000
reported
8 issue •— v. 167,
issue of
a
Bonds Purchased
Details—In
Sale
Bond
$130,000 building bonds on a net
awarded
at
•
Special Sch. Dist., Ark.
Fort Smith
Treasurer'^ of¬
Napa Sanitation District
Napa), Calif.
Bond
(P.
Offering—Charles E. M
tin, Clerk of the Board of Dir
tors, will receive sealed bids
til 3 p.m.
the
(PST)
March 1,7;
on
purchase of $884,000 not
6%
interest* "coupon
exceed
registered sewer constructi
Dated
bonds.
nomination
as
Dec.
1946. 1
15,
$1,000. Due
Dec.
follows:
$36,000 fronM948 to 1951 inc
sive, and $37,000 from 1952
1971
inclusive.
der
may
rate
of
rates
Interest J-D.
name
more
interest ) and
irrespective
than
specify
of
?s
maturit
Volume 167
.Principal
the
Number 4681
and
interest payable at
County Treasurer's office.
bonds
general.
are
,
ponds
P°ard
of
the
of
obligation
gated
to
orem
taxes
and
the
of
the
for
n
all
upon
the
ad
val¬
the
bf rate
ion
the
of
real
property
District subject to taxation
District without limitation
>y the
or amount. The
of
Orrick,
&
rown
legal opin¬
Dahlquist, Neff,
;.<•
Herrington, of San
Fran¬
cisco,
approving the validity of
the bonds will be furnished
to the
fhjan their
par value plus interest
thereon to June 15,
1948, and will
be awarded to the
highest
considering the
bidder
terest rate
and
rates specified
and
or
the premium
in¬
offered, if
any. - The
be determined
by
the amount of the pre¬
highest bid will
deducting
mium
bid, if any, from the ..total
amount of interest which the Dis¬
trict would
be required to
pay
r^m Dec. 15, 1947, to their
tive maturity
respec¬
dates at the
coupon
rate or rates specified in the
bidy
fcnd the award will be made on
the
basis
of
cost
net
to
the
the
lowest
cost
puted between
said according
bond
net
District.
interest
interest
The
shall
the
,
to
interest
•
lowest
be 'com¬
dates
afore¬
tjhe* standard
tables.
The
of Directors reserves the
its discretion, to
reject
Board
right, in
and
any
all bids and to waive any
irregu'arity or informality in any bid.
*Jie cost of printing the bonds
/ill be borne by the District.
All
lids must be
unconditional, and
for not less than all of the
bonds.
Enclose
certified
a
$5,000,
payable
Treasurer.
to
check
the
for
County
St. Louis, and Schwabachei
& Co., jointly, for 2V4S, at 101.355.
Patterson, Calif
;
1
;
.
due
March 1 from 1949 to 1961
on
agent for
inclusive.
Pinedale
School
cently
District, Fresno
County (P. O. Fresno), Calif.
Bond Election—At an election
to
the
recreational
be held
issue
sold
by
the
bonds
on
Bond
Offering
of
Anticipated
jids until 10
bridge projects in counties was
upheld March 5 by the State Su<-
(PST) on March
L6 for the purchase of
$26,000 not
exceed
to
a.m.
5%
bonds.
interest
April 1,
Due April
Denom.
preme.
Court.
of
1948.
three issues
certificates
revenue
to
con¬
$1,000.
1, as
$1,000 in 1950 and 1951,
and $2,000 from 1952 to 1963, all
inclusive.
Rate of interest to he
ard,
Highlands
;
and
Effect
the
of
decision
be
tired in the form of "rentals'' from
rate
Department out of sur¬
plus gasoline taxes of the county
in which the project is located.
inter¬
•The
mission
interest of¬
fered for the bonds bid for. Each
hid shall be for the entire amount
of said bonds at a
across
bid for less than
any
the entire
for
■
New River in Fort Lauder¬
dale; $525,000 worth for secondary
farm-to-market
roads
in
High¬
lands,, and $450,000 worth for sec¬
ondary roads in Suwannee Coun¬
ty.
The certificates
will
bear
single rate of
interest, and
State
Improvement Com¬
sold 4250,000 worth of
certificates to construct a bridge
delivery and
premium, if
of
re¬
the Road
Each bid must state that the bid¬
the
issued by the State
are
Improvement Commission and
for cash only and at not
less than par and accrued interest.
and
plan under which the
a
certificates
sold
any,
amount of said bonds,
varying rates of interest
rejected.
A
certified
3.2% interest.
be
inclusive.
Principal and in(J-J) payable at the CounTreasurer's office. A certified
heck
for
$5,000 is required. Leality to be approved by Orrick,
ahlquist,
Neff, Brown & Herof San Francisco. Bonds
ngton
'ere authorized at the November
1946, general election.
'
**.
I
ra
v.:*!** !'7
Loma
;*V*..
••'V:
School
Bond
City
Offering
Clerk,
will
bids until 11
23 for
to
A.
—
To rule that the State Road De
partment should be limited to
ex¬
Miller, only
surplus gasoline tax funds
sealed could be pledged to retire the cer¬
J.
receive
(PST) on March tificates
the purchase of $250,000 not without
exceed
and the
a.m.
5%
registered
interest
coupon
bonds.
sewer
to
Legislature "was
State
the
Road
gate"
authorize
to
power
any
Department to obli¬
other funds.
It also
ruled the payment of interest on
or
Datec
April 15, 1948. Denomination $1,000.' Due
certificates
from
gasoline
April 15, as. follows: the
$30,000 from 1949 to 1956 inclu¬ taxes "is merely a legal and nec¬
sive, and $20,000 in 1957. Bidder essary incident" to construction.
to express rate of interest in mul¬ However, the court said, no inter¬
District, Fresno
urer's office. A certified check for
Justice Glenn Terrell said in a
J: County (P. O.
Fresno), Calif.
$5,000; payable to order of the specials concurring opinion that a
Bond Offering—E.
Dusenberry,
ounty Clerk, will receive sealed City Treasurer, is required. Le¬ 1947 legislative act empowering
gality to be approved by Orrick, the Improvement Commission to
ids until
10:30 a.m.
(PST) on
Dahlquist, Neff, Brown & Her¬ issue such certificates "puts the
"arch 16 for the purchase of
$30,rington, of San Francisco. Bonds world on notice that neither the
00
not
to
exceed
5%
interest
call
2%s,
date.
of
The
1
of
from
included
Northern
Trust
Co., Harris Trust & Savings Bank,
National Bank of
Chicago,
First
Continental Illinois National Bank
dated Jan.
|
are
& Trust
Denomination
Co.
Co., and Halsey, Stuart &
Inc., all of Chicago.
,
unlimited
ad
valorem
by
Reed,
New
Hoyt &
City,
York
taxes
as
to
Evanston, III.
Bond
will
receive
sealed
bids
until
7:30 p.m. (CST) on March 22 for
the purchase *of
$1,150,000 not to
exceed
3%
interest police and
legality
Washburn
Offering—Joseph L. Rose,
of Public
Works,
Commissioner
and
of
fire
station
Dec.
1,
bonds.
coupon
1947.
Due Dec.
Dated
fol¬
$45,000 from. 1949 to 1951;
$50,000 from 1952 to 1905; $80,000
HAWAII
1,
as
lows!
Honolulu (City and'
County)*
in, 1956; $85,000 from 1957 to
1959,
Chung- and $80,000 from 1960 to 1965, all
Hoon, Jr., City and County Treas- j inclusive. Principal apd interest
urer,
will
receive
sealed
bids
(J-D) payable at a bank in Evan¬
until 9 a.m. (HST) on March 15 ston
or ;v
Chicago,
as
mutually
Hawaii
.Bond
Offering
Wm.
—
for the purchase of
$1,500,000 not
to exceed 5% interest
agreeable "to the City and the
purchaser.
Registerable " as
to
principal only. Bidders to name
sewer, ser¬
ies
E
15,
000
bonds.
coupon
1948.
Due
Dated
Feb.
Denomination
single rate of interest in a mul¬
tiple of V8 of 1%. No bid for less
a
$1,000.
15, as follows: $57,from 1953 to 1960, and $58,000
Feb.
on
than par and
from
1961 to 1978 inclusive. Bids
will also be received at the Chem¬
specifying
be
ical Bank & Trust Co., New York
City until 2
accrued
more
than
considered.
made
to
the
interest,
Award
lowest
or
rate will
one
will
be
responsible
(EST). Principal bidder naming the lowest interest
and interest (F-A)
payable at the I cost to) the City. The City will
office of the Treasurer of the
City pay for the printing of the bonds
and County of
Honolulu, or at the and furnish the unqualified opin¬
Chemical Bank & Trust Co., New ion of
Chapman & Cutler, of
York City. No bidder
may name '] Chicago.
A certified check for
more
the
p.m.
.
than three interest rates for
bonds
and no interest rate
shall be specified which is not in
multiple of Vg of 1%. No bid
will be considered which
specifies
a
split
interest
names
coupons
than
more
one
rate
in¬
of
terest
for
any
single maturity.
The bonds will be passed
upon as
to
&
their
legality
by
Wood,
King
Dawson, of New York City, and
successful
nished
bidders
with
attorneys,
valid
the
that
will
be
opinion of
the
bonds
certified
value
payable
is
check
of
to
for.
the
2%
bonds
Havana
Community High School
District
the
the
Treasurer,
is
required.,
000
chased by Vieth, Duncan &
Wood,
These are the bonds
authorized at the election held on
| of Davenport.
Dec. 15,
1947.
Lake
County School District
No. 107 (P. O. Highland
Park),
III.
Bond Sale—An issue of
school
building
$150,000
bonds:
was
awarded March 6 to
Halsey, Stu¬
arts Co., Inc.,. Chicago, at a
price
of 100.006, a net interest' cost of
about 1.80%, as follows:
$125,000
l%s, due $25,000 on Nov. 1 from
1953 to 1957
2s, due Nov.
IDAHO
III.
507,
Sold—An issue of $450,construction bonds was pur¬
are
for,
No.
Bonds
said
of
bid
Treas¬
is required.
urer,
and
bid will be accepted for less than
the par value of the bonds bid for.
A
$23,000 payable to the City
fur¬
legally binding obliga¬
tions of the City and County. No
par
;
which
or
.
tiples of lA of 1%; split rates may est rate greater than 6% per year
be named. Principal and interest may be paid on any bonds issued
(A-O) payable at the City Treas¬ by the commission.
to
as
basis
a
Jan.
which
1954
$1,000.
Principal and interest (J-J) pay¬
able
at
the
County Treasurer's
office
or
at
the
office
of
the
county's fiscal agent in New York
City. The bonds are payable from,
to
was
validate
the
1948.
■
multiples of lk of 1 %. Principal
and interest (A-O) payable at the
County Treasury. The bonds will
separately
1949
100.299,
1, 1968. Callable at
$870,000 annually on
1951 to 1967 incl., or
on
any subsequent interest, pay¬
ment date, at par and accrued in¬
terest. Second high bid of 100.289
for 23/4S was made by a
syndicate
counties..
in
state
from
All of the bonds
1,
Suwannee
Offering—The
erest
y
59
dated April 1,-1948 and
are
rate
Jan.
struct roads and bridges in Brow¬
follows:
der offers par and accrued
est to
the date of'
1
have been approved
The court approved
construc¬
Dated
bonds
inclusive.
Surplus
tificates sold to finance road and
Earl Lippold,
County Clerk, will receive sealed
Jan.
on
Indianapolis,
of
2.723%
mature
the
a
103; Jan. 1, 1963 and prior to
Jan. 1, 1968, at 102; on Jan.
1,
1968 and thereafter at a
price
of 101.
VV'.i.
price
a
about
1, 1953, at the
premiums: Jan. 1,
prior to Jan. 1, 1958,
price of 104; Jan. 1, 1958
and prior to Jan.
1, 1963, at
of)
1947 statute
—
at
on
1949 and:
at
Gas Taxes
bonds.:
order
Jan.
following
167,
Upheld—Validity of a
authorizing the State
Rivera School District, Los Angeles Improvement
Commission
to
pledge
anticipated
surplus
gas
County (P. O. Los Angeles),
taxes as security for revenue cer¬
Caiif.
-
000 construction
and after
Trust Co. of
Callable in
numerical
;300,000 road bonds. Due $50,000
Pledge
$25,-
re¬
city,—V.
Florida (State
March 23 the voters
will consider the issuance of
tion
inverse
of' $1,350,000'
facilities
987.
p.
check for 3% of the bonds bid
for,
payable to the Chairman Board of
inclusive; $3,000, 1953 to 1956 in¬
clusive; $4,000, 1957 to 1960 in¬
clusive; $5,000 from 1961 to 1964
'nclusive, and $6,000 from 1965 to
to 1973 inclusive.
bonds sold
penditure of only those gasoline
Chairman .Supervisor, is required.
of the Board of Directors will re¬
taxa funds on hand "would result
San Francisco (City and
County), in la 'i piecemeal construction of
ceive
sealed
bids
until
8
p.m.
Calif.
public highways—a course which
(PST) on March 19 for the pur¬
Bond Election—At an election
can
chase of $80,000 not to exceed 6%
hardly be said to be eco¬
to be held on June 1 the voters
interest
nomical," Justice H. L. Sebring
coupon
or
registered will
consider the issuance of
$2,- said in the court's majority opin¬
sewer bonds. Dated Jan.
15, 1948.
ion.
Denomination $1,000. Due as fol¬ 500,000 library bonds.
lows: S2,0G0 from
1949 to
Santa Cruz, Calif.
The decision said, however, that
1952
1968
(1199)
,
Details—The-$110,000 price of 100.125.
; ..v-\ %
as 2 %s to Blyth.
& Co., Inc., of San Francisco, at
FLORIDA
reported in v. 167, p. 987—were
Daytona Beach, Fla.
purchased by the bond house> at £
Names Fiscal Age»t—The Con¬
price of 100.166, a basis of abo.Uv
tinental Bank & Trust Co., of New
2.729%. Dated March 1, 1948 ana.
York, has been: appointed fiscal
will
Calif.
Bond
Danbury, Conn.
:
Bond Sale
sewer
or
Novate Sanitary District No. 6
(P. O. Novata), Marin County,
a
Trust
Co.,
successful bidder without charge.
The b^nds will be sold for not less
best
&
Bank
:
power and is obli¬
levy and collect
payment of
the bonds and the
interest there¬
'll
cantile-Commerce
CHRONICLE
wj March 23 for the purchase of ; York; Trust Company of
Georgia,
$2,800,000 not to exceed 2% in-1 of
Atlanta; City National Bank &
'
terest coupon
bonds, divided as Trust Co., Kansas
Bond Sale
An issue of $10,000
City; Charles E.
follows:
Weigold & Co., Inc., F. S. Smithers
airport bonds was awarded March
$2,500,000
school
bonds.
Due & Co., .and Seasongood &
6 to the City National Bank &
Haas,
$100,000 on Jan. 1 from 1949 all of New York, and the Union
Trust Co.,, of Danbury, as 2s, at a
Co., New York
Ripley & Co., Inc., Mer-^
Harriman
FINANCIAL
CONNECTICUT
Trust
Bankers:
&
—
District
Supervisors
County has tjie
The
THE COMMERCIAL
inclusive, and $25,000
1, 1958.,:;. :,,,
'
uilding bonds. Dated April
1948. Denomination $1,000. Due
10,000 April 1, from 1949 to 1951
'nclusive.
Principal
payable
at
(A-O)
reasurer's
office.
and
interest
the
County
A
i'me not to exceed
10
reasonable
days will
allowed the buyer for the
purbse of determining ; at his own
e
xpense
the
legality of the
issuance of said bonds and the
onds must be taken up and
paid
or within 5 days after notice has
or
given, that
they are ready
delivery. A certified check for
gen
ber
1946
1,000, payable to the Board
.ppervisors, is required.
B
o n
d
Sale
The
$1,000,000
liilding bonds offered March 9—
167, p., 987—were purchased by
Ije Chase National Bank of New
ork. as 2V4S, at 101.436, a basis
12.97%.
rom
Due
—
serially
on
Election—At
to be held
on
Oct.
1,
1948 to 1968 inclusive. Prin-
ipal and, interest (A-O) payable
t the County Treasurer's office,
he next highest bidder was the
can
bonds.
election
an
There
which
county
is
they
or
theory
no
could
nor
to pay
on
be
create
a
said
State
obligation."
.
V
.
*
;
March 30 the voters
will consider the issuance of $184
UOU construction bonds.
the
be called
State bonds
Calif.
Bond
of
power
the State
•_
•
..
v
Inverness,
Bonds Purchased
the
call
for
' ".v v
;
*
Soledcd, Calif.
offered
—
tenders
$220,000 water bonds.
These
on
German
Feb. 24.
March
2,
Sale
street
ceive
Details—The $40,000
department
(EST)
tion
1948 and due
1950
to
1969
the
to
Cali¬
April 1
on
pal
Election—At the munici¬
election
to
the voters will
ance
of
system
be
held
in
April
consider the
issu¬
$725,000 hospital, water
and sewer system bonds.
Election—At
will
on
an
election
March 23 the voters
consider the issuance of
500,000
municipal
purchase bonds.
:
$1,plant
power
-
Denomination
$1,000.
1
.
Due
$100,tection bonds. Dated April 1, 1948.
000 on April. 1, from 1952 to 1956
thorized
at
the
inclusive. These
Feb. 24,
election
are
held
the bonds
on
au-
and they were originally
on
April 1.
bonds
reported sold in
$1,000. Due $4,000
from
1950
to
Jan.
1959 inclusive.
on
as
3s,
INDIANA
Township (P. O.
R. R.
bids
sealed
(CST)
on
until
8
re¬
p.m.
March 25 for the pur¬
chase of $84,000 not to exceed 4%
interest building bonds divided as
follows:
$42,000
school
township
bonds.
Due $1,000 July 1, 1949; $2,000
Jan. and $1,000 July 1, from
1
1950
Chicago Sanitary District, III,
Bond
series
II
Sale
—
The
construction
fered March
$15,000,000
bonds
of¬
11—v.
167, p. 1092—
were awarded to a syndicate com¬
posed of Chase National Bank,
National
City
Bank,
Bankers
Peabody1 & Co.,
A. C. Allyn & Co., Inc., R. W.
Bibb County (P. O.
Maccn), Ga. Pressprich & Co., Salomon Bros.
Bond Offering — Truman Clif¬ &
Hutzler, Merrill Lynch, Pierce,
ton, Secretary of Board of County Fenner & Beane, W. H. Morton &
Commissioners,
will
receive Co., Inc., Bear, Stearns & Co., and
sealed bids until noon (EST) on Hornblower &
Weeks, all of New
GEORGIA
Trinidad, Colo.
Bond
on
scheduled to be sold
COLORADO
to be held
Palm
March 30 for the pur¬
chase of $500,000 3% beach pro-
inclusive.
purchase,
wald, Township Trustee, will
Champaign, III.
Bond
receive sealed bids until 2:15 p.m.
from
awarded
Davenport
1 Evansville), Ind.
Offering — Walter Frueh-
Bond
ILLINOIS
April 1,
695—were
of
No.
ing bonds of 1943.
>
I
the bonds authorized
are
Co.
to
28.
70,000 sewer bonds.
35,000 swimming pool bonds.
fornia Bank of Los Angeles. Dated
$100,000 water
167, p.
The
the
$8,000 water system bonds
authorized at an election on Feb.
equipment
v.
167, p.
1092—were purchased by HurdClegg & Co., of Champaign, as
1 %s, at a price of par. Denomina¬
Sale—The
—
has contracted
Pursuant to
on
Contract
White-Phillips
purchased by Blyth & Co.,
of Spokane, as follows:
Fla.
—
Joseph, III.
Sale
—were
Beach, Fla.
Bond Offering—Hugh G. Bruce
Jr., Town Clerk-Treasurer; will
Bond
bonds offered March 9—v.
St.
Bond
March 8—v. 167, p. 988
on
at the election held
'
the city purchased $10,500 refund¬
Whittier, Calif.
City High Sch. Dist.,
Angeles County (P. O.
Los Angeles), Calif.
taxing
election.
the
of
Pasadena
Los
the 'Novem¬
at
Sebastopol School District, Sonoma
under
County (P. O. Santa Rosa),
to be
Bond
*
general
pro-
gedings had in connection >with
ne
authorized
were
Moscow, Idaho
The $325,000 bonds
Bond Sale
Trust Co., Kidder,
to 1960, and $2,000 Jan.
July 1, in 1961 and 1962.
42,000 civil township bonds. Due
$1,000 July 1, 1949; $2,000 Jan.
and $1,000 July 1, from 1950
to 1960, and $2,000 Jan. and
July 1, in 1961 and 1962.
and
Dated Oct.
1, 1947. Denom. $1,-
000. Rate of interest to be in mul¬
tiples of %, of 1%, and not
than
one
interest
more
shall
rate
be
named by each bidder. The bonds
will
be
awarded
to
the
responsible: bidder who
highest
has sub¬
mitted his bid in accordance with
60
THE COMMERCIAL
(1200)
the notice of sale.
than
par
date
of
and
No bid for less
accrued interest to
Osborne, Kan.
Bonds
Authorized—The
•
consid-
recently
authorized
ered. The approving opinion opin¬
$200,000
water
ion of
*
ment
delivery
will
be
Ross, McCord, Ice & Miller,
Indianapolis, will be on file on
the day of sale and will be fur¬
pense
the
purchaser at the ex¬
of the Townships. No con¬
ditional
bids
will
considered.
be
The bonds will be ready for deliv¬
to be held
will
for $500 for each
check
Gibson
4
consider
l%s, at
as
$95,award¬
price of
a
Indianapolis School City, Ind.
Bond
Offering—M.
Director
V.
of
Bailey,
Board
of
School Commissioners, will receive
sealed bids until 1 p.m. (CST) on
March
the
for
19
purchase
of
3155,000 not to exceed 3% interest
school
building
bonds.
Dated
April
1948. Denomination $1,000. Due April 1, as follows: $10,000 from 1949 to 1959, and $5,000
from 1960 to 1968, all inclusive.
1,
Rate of interest to be in
of
V4
and
Each
1%.
of
only
name
bidders
the
than
shall
of interest,
bid
less
of
not
the
amount
face
bonds. Bids
of issue
shall
multiples
bidder
rate
one
subject to legality
determined by the bid¬
as
are
der's attorney, who shall be em¬
ployed by the bidder. Bids are to
be
on
forms furnished" by the
School City.
Principal and interest
(A-O) payable at the office of the
of
"Board
certified
•A
for
check
bid
bonds
Commissioners.
School
3%
of the
payable to the
Board of School Commissioners,
is required.
for,-
IOWA
Coralville Independent Sch. Dist.
(P. O. Iowa City), Iowa
Election
Bond
issuance
construction
$48,000
special
a
Feb. 24 the
on
consider the
voters will
of
At
—
election to be held
bonds.
'
Decorah, Iowa '
,
Bond Sale—The $59,000 flood
protection bonds offered March 9
;
vV
167,
1092—were awarded
to the Carlton D. Beh Co., of Des
r—v.
Moines,,
101.016,
p.
as
a
2V4S, at a price of
basis of about 2.13%.
Elated March
I;
follows:
as
1, 1948 and due Nov.
$2,000 in 1949 and
1950;
$3,000 from 1951 to
inclusive, and $4,000 from
1963
1964
to 1967 inclusive.
'
„
Daviess
County (P. O.
Owensboro), Ky.
County
March
$85,000
Gowrie, Iowa
Bonds
held
Vojtpd
proved
electric
an
election
lighib&pnds.
Martellc
\v
At
—
building revenue
April 1, 1948. De¬
nomination $1,000. Due on April
1, as follows: $5,000 in 1949; $6,000
from 1956 to 1952; $7,000 in 1953;
$11,000 in 1954 and 1955; $12,000
in 1956 and 1957," and $9,000 in
1958.
Subject to call, only in in¬
verse numerical order, on any in¬
terest date falling on or after Oct.
1, 1950, upon terms of the face
amount plus accrued interest to
the redemption date plus addi¬
tional interest equal to 3% if the
stated date of redemption is prior
Oct.
to
1, 1955, and on the same
terms if redeemed on Oct. 1, 1955,
thereafter except
or
-■■
Sch.
Dist.,
i'Wt^-Iowa
Bond
Election
At
—
election to be held
of
on
construction
amount
not
be
if
2%
prior to Oct. 1, 1960, and 1% on or
after Oct. 1, 1960. Principal and
interest payable
at the Central
Trust
Owensboro. Bidders
must name a coupon rate or rates
in multiples of
of 1%. Bids will
be considered only for the entire
issue having the foregoing speci¬
Co.,
fications and
other. The final
none
legal approving opinion of Skaggs,
Hays & Fahey, of Louisville, will
be furnished the
purchaser. A
tified check for $2,000
cer¬
is required.
tax would be set aside for the
re¬
sued
special
a
March
22
bonds
in
an
exceeding $125,000.
about March 19,
$800,000
election
an
the
ceive
system
school
lic
of
bonds
1948
March 9—v.
on
167,
offered
multiples
under the "State
Aid" plan. Proceeds of such issues,
according to Frankfort news ad¬
vices,
to the
Commission in
county road de¬
turned
were
State
Highway
connection with
velopment
April
crease
and,
a
over
Effective
program.
based
present
on
of > the
the
";j
School:
Would
Board
bill
Issue
authorizing
the
bonds in connection with
revenue
school buses for
purchase of
ultimate
and
sale
to
local
recently intro¬
Legislature.
Such
would
be
exempt
from
bonds
was
the
in
duced
a
debt of the State. The buses
would constitute
holders
until
lien for bond¬
a
redemption
of
the
dtejpt and when
a local district had
paid sufficient rentals to cover all
over
to
the
at
.
were
as 1V2S, at a price of
basis of about 1.47%.
a
March
1, 1948. Denomina¬
$5,000 on March
tion $1,000. Due
1
from
1949
to
inclusive.
1958
Principal and interest (M-SE pay¬
able
Bank
National
First
the
at
of Boston.
Bond
Noble,
O f f
City
sealed bids
e r
i
Kan.
Legality to be approved
by Ropes, Gray, Best, Coolidge &
Rugg of Boston. Among other bids
were the following offers for l%s:
Lee
Higginson
Corp.,
100.90;
Tyler & Co.* 100.89; Robert Haw¬
kins & Co., 100.86; Coffin & Burr,
100.85; F. S. Moseley & Co., 100.80.
n
g—Robert
Clerk,
until
will
4:30
receive
(CST)
on March 15 for the purchase of
$73,000 bonds, divided as follows:
inclusive.
'
Due
pool
follows:
bonds.
as
Voted
—
At
O.
(P.
Harrisburg); La.
an
.Purchaser to furnish and
for legal opinion and pay for
penses incidental
cf the bonds.
Newtcn
Election
Bond
election_\to
futurd
School
the
>
i
J
ft
ex¬
to the printing
District, Kan.
Soon
At
—
an
held in the near
voters^wlll consider
of '
~
>> v
■!'
!.t '
Rouge Parish (P. O.
Baton Rouge), La. .
sealed bids until 7 p.m. (CST) on
March
25
for
the
purchase of
$1,000,000 not to exceed 4%* in¬
terest public improvement bonds.
■
167,
Middlesex
$10,-
March
County
8—
Cambridge),
25, 1948.
(P.
O.
ard,, County
East
ceive
sealed
on
of
bids
will
until- 11-
March 16 for the
National Bank and the
Savings,
both
of Ionia,
State
jointly. Dated March 10, 1948 and
due $20,000 on Sept. 10, 1948 and
$10,000 March 10, 1949. ..yV;',':
MINNESOTA
Clarissa,
Minn,
Sold—E.
Bonds
i
&
Prescott
J.
Co., of Minneapolis was awarded
on Jan. 23, as 3y4S, the
following
bonds aggregating $155,000:
permanent improvement
revolving fund bonds. Due ill
1968.
March
1,
1
inclusive. Sec¬
high bid of 100.467 for 1.90s
made by a' syndicate com¬
ond
was
Stuart
Halsey,
of
posed
&
Co.,
Inc., Goldman, Sachs & Co., Blair
& Co., Inc., Union Securities Corp.
and
Kean, Taylor & Co.
,
a.m.
pur¬
Due!
1975
notes
revenue
March
...
Bank
tional
awarded
Na¬
of
elson,
City-
not
510
to
March
—
rent
Sale
The
15,
the
to
the amount
disposal
March
Nov,
due
5,
First
the
of
9
were
Merchants
March
Na¬
at 0.824%
10, 1948
National
Bank
of
to legality
by Storey, Thorndike, Palmer &
Dodge of Boston. Other bids: Sec¬
ond
National
Bank
of
Boston,
First
..
$60,Q00.isewage
bonds
offered
p.* 1093—were
to Kalman & Co., of St.
167,
Paul, and; the Allison-Williams
Co., of Minneapolis, jointly. The
dated Feb.
are
Feb.
on
County
1, 1948 and
from
1
National
Bank
Bond
tq
1950
ditch
Fairmont),
O.
-
,<
on
Canceled—PrpMarch 10 of $50,000
bonds—v.
canceled.
' "
167,
p.
,
893—wa^
"
*' '
Olivia, Minn.,
/
Bonds
Voted
election held
ers
000
f
Offering
posed sale
on
,,
At a special
March 2 the vot¬
—
approved the issuance of $50,-
hospital bonds.
Olmsted County (P. O.
Minn. '''
of
Boston, 0.87%.
(P.
Minn.
1948. Notes will
Boston and approved as
0.846%;
for-5i%^rbf
Minn.
plant
cur¬
prepared under the supervision
be
$2(102 (ton
to'l953 tofcltr-
Due
bid, is required.'ImvK I
5—Vt'
awarded
anticipation
of Boston,
Dated
1948.
A certified check
Martin
$300,000
March
offered
discount.
and
—
interest
2%
1958 inclusive.
revenue
year
notes
•
Taunton, Mass.
'
Note
bidder, named a rate
V
exceed
March 15, from 1949
sive.
mature
0.857%.
will receive
(CST) on
purchase of ^$10,-
certificates of indebtedness;/Dated
second high
of
.
Clerk,
March 15 for the
bonds
Nov,
-
sealed bids until 7 p.m.
Boston, at 0.84%
8, 1948. The
Boston Safe Deposit & Trust Co.,
Due
.
,
Fergus Falls, Minn.
Certificate Offering—Iver Mick*
Foley,
Merchants
,Y
inclusive.
1978
Bond Sale—The
of $75,000
was
the
to
5
issue
to
■
Randolph, Mass.
Sale—An
Note
:
V
"
works bonds. Due
as
follows: $2,000 from 1951
...to 1974 incl., and $3,000 from
water
60,000
composed of
Dated
1968
1949 to
from
Election—At
Bond
Rochester),
y*> V*
an
election
to be held sometime in the future
the voters
Waltham, Mass.
ance
of
Bond Offering—Arthur E. Stor-
re¬
$500,000 temporary loan
Dated March 19, 1948.
issue
anticipation notes wa§
awarded on. March 10 to the Ionia
&
Massu
Treasurer,
Mich.
of $30,000
District,
Sale—An
Note
- »
due $60,000 on March
and
1948
Note Offering—Charles P. How¬
notes.
$49,000 in
offered
of
group
1.836%.
about
awarded
p.
1948 and due June
1958;
1957;
notes
a
tional Bank
Bank of Boston, jointly, at 0.687%
interest
rate.
Dated
March
12,
chase
$47,000 in
highest bid¬
issue
..
School
tax
Co., Inc., R. - W.
Co., and Coffin &
Burr, all of New York, as 1.90s,
at a price of 100.582, a basis of
.
rate of 0.845%.
Sale—The
to
Morgan
Pressprich &
10,
a
on
893.
Ionia
9—v.
P.
National
1092—were awarded to
J. P. Morgan & Co., Inc., New
York, and the Second National
(EST)
''.-'It.
in
000,000
v.
1956;
school
nqe:-
follows:
in 1950;
in 1952;
in 1954;
Note
J;
at
Boston,
Nov.
Due
Masachusetts (State of)
;£ s $50,000 in 1959; $52,000 in 1960;
$16,000
,
der, named
Baton
$1,000. Due April 1, as
$37,000 in 1949; $38,000
$40,000 in 1951; $41,000
$42,000 in 1953; $43,000
$44,000 4n 1955; $46,000
of
Second
Merchants
Bank of Boston, next
orial park bonds. V,
Dated April 1, 1948. Denomination
be
tliewi&suance
fcontoy f
pay
Bank
The
1948.
the
to
discount.
0.834%
election
held recently the voters approved
the issuance of $19,000 war mem¬
"
awarded
was
National
.
$3,000
elusive.
\
*■
Parish
from ■■i Bond Offering—Ralph H. Hile1949
to
1953
inclusive, and man, Secretary Recreation and
$2,000 from 1954 to 1958 in- Park
Commission, will receive
V
!
Catahoula
Bonds
East
swimming
25,000
•
'!„■
p.m.
$48,000 street improvement bonds.
Due $8,000 from 1949 to 1954
•
10
L.
March
offered
notes
revenue
were
purchase
water revenue
March 1—v. 167,
$397,000
bonds offered
$1,200,000 vet¬
housing
bonds
offered
167, p. 1093—were
"
discount.
Fitchburg, Mass.
000
LOUISIANA
bids received for the
the
O.
Received—There
Bids
No
no
.
York,
100.18,
Dated
regular
the
Chikaming Township (P.
Lakeside), Mich. '
Sale—The
awarded
10
March
Election—At
municipal election to be held on
April 5 the voters will consider
the issuance of $200,000 construe^
tion and improvement bonds.
'•'?
$95,000
water
«
Merchants
the
was
Pittsfield, Mass.
Note Sale—The issue of $1,000,-
Atchison,
bidder
National Bank, Boston, at 0.819%.
March
'•,
Birmingham, Mich.
Bond
Approved
est
city, is required.
March
as to legality by
Thorndike,
Palmer
&
Dodge, of Boston. The next high¬
awarded to White Weld & Co., of
New
of Boston,
8, 1948.
payable to
bid for,
notes
the
of
order of the
Merchants National Bank of Bos¬
Bond
•_:
opinion and of printing the notes
to be paid for by the successful
bidder. A certified check for 2%
10, 1948. Payable at the
a
Beverly, Mass*
$50,000
offered
Dated
0.814%.
at
„
Sale—The
bonds
were
Due Nov.
erans
school board.
local
4
Second National Bank,
payable at the City;
Cost of legal
office.
Treasurer's
County
notes
offered
on
purchased by the
loan
porary
March
by the purchaser.
Aug. 1, 1948
mature
be
will
1948. De¬
March 20,
and form of note to
will
Notes
p.
tem¬
to
Dated
determined
be
First National Bank
legal opinion
of
Northampton, Mass.
Sale—The $200,000
Note
(EST) on
purchase of $50,exceed 5% interest
nominations
A
Storey,
2V2S,
not
000
of
of
Gray, Best, Coolidge &
Rugg, of Boston, will be furnished
the purchaser at time of delivery.
MASSACHUSETTS
Bond
of
M.
receive
will
Clerk,
City
sealed bids until 8 p.m.
Ropes,
co'Sts, the buses would be turned
KANSAS
Boston.
Alpena, Mich.
Offering — Herbert
March 15 for the
prepared under
and authen¬
supervision
of
payment is
delivery.
and
time
at
ticated by the
Md.
as
1948,
made
The bonds will be
ton.
Baltimore,
29,
be
to
were
price of 100.189.
rate
annually.
tute
of
Sons
of
Any
of Boston.
MICHIGAN
ready for delivery about
March
improvement
bonds was
Feb. 28 to Alex. Brown &
on
income*
higher
would amount'to about $4,000,000
rental
sold
be
will
Sale—An issue of $25,000
Bond
street
1%.
fully registered
paid by check from
the City Treasurer's office. Bonds
2%s, at 100.05.
Thurmont,
of
bonds will be
and $1,700,000
4s,
as
rate
that interest upon
&
$300,000
1, the gasoline tax will in¬
from 5 to 7 cents a gallon
one-seventh
the
for
V\
of
name one
entire issue in
registration as to principal at the
holder's option,
on
presentation
to the City Treasurer. Principal
and interest payable at the First
National Bank of Boston, except
The
Riverdale.
of
the
these coupon bonds are subject to
of Buffalo, Eldredge & Co.,
Reynolds & Co., both of New
York, Commerce Union Bank of
Nashville, Tripp & Co., of New
York, Thomas & Co., of Pittsburgh
and Ferris & Co., of Washington,
D. C., at a price of 100.14, a net
interest cost of 2.753%, as follows:
$500,000 as 5s, maturing $100,000
on
March 15, from 1949 to 1953;
$1,100,000 as 2V2S, maturing $100,000 from 1954 to 1964, and $400,000
as
2%s, maturing $100,000
from 1965 to 1968, all inclusive.
Dated March 15, 1948.
Principal
and interest (M-S) payable at the
Bank
in
1, as
1953,
$60,000 from 1954 to 1968, all
inclusive. Bidder to
eroy,
highest bidders
office
Thorndike,
Storey,
by
Palmer & Dodge
and
of interest for
York, Harris, Hall & Co., of Chi¬
cago, Schoellkopf, Hutton & Pom-
Stuart
of
proved
notes.
and
purchased by a syndicate com¬
posed of Phelps, Fenn & Co., R.
W. Pressprich & Co., both of New
-next
his
p.m.
on Feb.
follows: $70,000 from 1949 to
988—were
p.
at
1
to genuine¬
as
the First National Bank
Boston.
Legality to be ap¬
ination $1,00,0. Due
(Pi O.
Upper Marlboro), Md.
Bond Sale—The $2,000,000 pub¬
j
bids
until
en¬
by
ness
Note
R.
be
supervision of
graved under the
and authenticated
Howe,
re¬
will
Bonds
Boston.
payable
(A-O)
interest
and
pal
in
(EST) on
March'16 for the purchase of $1,250,000 veterans' housing coupon
bonds. Dated Feb. 1,1948. Denom¬
County
George's
sealed
Raleigh,
MARYLAND
Prince
single rate of interest, expressed'
a multiple of V\ of 1%. Princi¬
in
at the Chase
or
Whitman, City Treasurer, will
bonds.
revenue
or
Newton, Mass.
Offering — Archie
Bond
of
issuance
distribution
gas
construction
on
1,1948. Denomination $1,000. Due
$13,000 on April 1 from 1949 to
1968 inclusive.
Bidder to name a
Bank, New York City.
;
March 30 the voters
on
consider
Na¬
1948, at the above
of Boston,
Natchitoches, La.
will
Second
The notes will be delivered
National
to be held
the
Boston, and their
legality
will
be
approved
by
Ropes, Gray, Best, Coolidge &
Rugg, of Boston, whose opinion
will be furnished the purchaser.
ago
years
by
of
Bank
Election—At
will
$10,000. •' These
authenticated as to
be
genuineness
is required.
Bond
note
no
than
will
tional Bank
con¬
Halsey,
Co.,
Lehman
Bros.,
Goldman, Sachs & Co^ R. S. Dick¬
bill just introduced in the State
son & Co., First of Michigan Corp.,
legislature,
one-seventh of the
Paine, Webber, Jackson & Curtis
proceeds of the State's gasoline and R. D. White &
Co., jointly,
demption of county road bonds is¬
smaller
but
bank, against payment in Boston
funds, and will be payable at ma¬
Treas-, turity
at the
Second
National
Commission
the
to
urer,
Citizens
Kentucky (State of)
Payment of "State Aid" County
Road Bonds Proposed—Under a
State taxes and would not consti¬
the voters will consider the issu¬
ance
that the ad¬
shall
interest
ditional
be
Denomination to
purchaser,
notes
payable A-O.
interest rate
or
rates. Bids are to ber condi¬
tioned
upon
the - unqualified
opinion of Chapman & Cutler, of
Chicago, the cost of which will be
paid for by the ■ Commission. A
certified check for $20,000 pay¬
Dated
school boards
Consolidated
of
State Board of Education to issue
Eefcy, 20 the voters ap¬
the, rj issuance of $10,000
0%
purchase
suit
Interest
a.m.
the
be
Nov. 4, 1948.
on
Bidders to designate
able'
school
bonds.
sidered.
will receive
(CST) on
Clerk,
for
16
Bonds—A
1
)
of
KENTUCKY
fin,
of
100.64.
Business
issuance
the
sealed bids until 10
issue
<100 county jail bonds was
ed Feb. 2 to Fox, Reusch & Co., of
Cincinnati,
March 22 the voters
on
Bond Offering—Khtherine Grif¬
County (Pi O.
Sold—An
election
an
$225,000 construction bonds.
issue, is
PHnceton), Ind.
.Bonds
District( Kan.
Election—At
required.
-
School
Satanta
Bond
will
interest
Monday, March 15, 194$
CHRONICLE
$53,000 in 1961; $55,000 in 1962;
$56,000 in 1963; $58,000 in 1964;
$60,000 in 1965; $61,000 in 1966;
$63,000 in 1967, and $65,000 in
1968. No bid for less than par and
accrued
A certified
after the date of sale.
of
improve¬
bonds.
within approximately 21 days
ery
issue
an
works
•V
of
nished
voters
FINANCIAL
&
will consider the issu*
$600,000 hospital bonds.,j
'
cr,
Treasurer,' i^ili
City
16
fof
coupon
-
"...
rCcCive
M^rch
Pine
Island
Pine
Towhship (P. O.
IslandJL^Mtnn.,;. '"
the;1 purchase*' of $26,0,000 ul'Bohd%le-yAft Mm M $53,000
rbad,. ctf^u^tion' bd'nHi.
school bond^./Elated April
pur-
sealed, bids until It a.m. on
i
•
' Vi.
1U
.
/
Volume 167
chased
Number
by J. M.
Dain
4681
&
Co., of
Minneapolis, as 2.10s, at a price
of 100.269. The next highest bid¬
der was Allison-Williams Co., for
21/4s, at 100.106.
*
THE COMMERCIAL
due
$10,000 March 1 from 1955 to
5%
1958
inclusive, and $52,000 21/ss,
$10,000 March 1 from 1959 to
bonds
due
1961
inclusive, and $11,000 in 1962
and
1963.
Bond Sale—The $30,000 tempo¬
bonds
rary construction
March 8—v. 167,
p.
awarded
Citizens
the
to
Columbia
1093—were
State
Bond
bidder,
will
Dated
1948 and due Dec.
March
1, 1948.
15,
f
County, St. Cloud School
District (P. O. St. Cloud),
<
to1 be held
will
election
an
March 16 the voters
on
consider
the
issuance
of
water
issuance
supply
of
system
were
the
Gap, Mont.
—
$15,000
offered
water
system
March 8—v.
on
bonds
167,
991.
p.
NEBRASKA
MISSISSIPPI
Clarksdale,
Bond
Sale
000
First
contracted to purchase the $76,000
water revenue bonds, subject to
refunding bonds was sold at
public auction on March 2 to the
National
Bank
of Memphis,
County Bank &
Clarksdale, jointly
and the Coahoma
approval of issue at
Trust
April 6.
Co.,
of
Bond Offering
gan,
City
sealed
Bonner Dug-
—
Clerk,
bids
until
will
10
Bond
'
receive
(CST)
op March 17 for the purchase of
$30,000 flood protection bonds.
Dated April 1, 1948. Denomination
$1,000.
Due April 1, as follows:
$2,000 in 1949; $3,000 in 1950;
a.m.
(A)
ceive
ed
the rate of interest.
Trauernicht,
Louis, will be furnished.
tified
of
A
following
$37,000 water
improvement.
works
St.
March
the
proposed
said
of
bonds;
Missouri
bonds.
Callable
on
of
$50,000
■
~
special
sewer
1,'
levied
and
resolution
submission of
multiples
providing
a
to
constitu¬
the
assessments
improved property;
all of the other issues are general
obligations of the city, payable
valorem taxes.
Rate of interest to be expressed in
of)
voters
November
Bidder
of
to
interest
one-tenth
bids
1%.
,
a
the
covering
arate
of
single * rate of
$100,000 (Street
loan and a single
name
for
other
will
be
the
bidder
bonds
at
par.
issues.
Sep¬
considered
making
the
a
best
mul¬
tiple of V4 of 1%, subject to the
right of the corporate authorities
to
reject
and all bids and
any
advertise.
None
of
such
re-
bonds
for
the
$100,000 street issue and for
the remaining five issues as a
single unit. Principal and inter¬
est payable at the County Treas¬
commission
or
be
al¬
lowed or
paid on sale of said
bonds. Approved as to legality by
Pershing, Bosworth, Dick & Daw¬
son, of Denver, whose opinion to¬
gether with the printed bonds
and the certificate transcript of
the legal proceedings will be fur¬
nished
the
purchaser
without
9—v.
to
167,
the
p.
—
The
pursuant
1948.
F.
W.
National
Horne
&
Bank
Bond
Election—At}
to be held
on
an
Scottsbluff,
election
April "6 the voters
Will consider the issuance of
000
water
$15,improvement
system
bonds.
Election—At
Bond
to
be
held
*
improvement
Election—At
Bond
held
Feb.
on
the
proved
water
and
24
sewer
election
voters
of
ap¬
$89,500
extension
and
City Hall construction bonds. 7
v
Election—At.'an
io be held
Will
on
consider
$150,000
paving
was
a
rate
of
March
the
9
to
group
on
composed of
issuance
,
of
recreational
Bond
West Plains School District, Mo.
Bond Sale Details—The $130,000
construction bonds purchased by
•
Election—At
of
will
Denver, and
Sutton, Neb.
to be held in the
voters
of
Co. of Lincoln.
an
near
election
future the
consider the
issuance
$7,000 memorial field purchase
improvement bonds.
and
NEVADA
West
Novelock, Nev.
reported in—v. 167, p.
1093—were
sold
at a
Bond Offering — Donald Fonprice of
100.019,' a'.bs&s of about 1.45 %,
j^ha, t^ity Cl^rk, wil}' Receive sep¬
as follows: $38,600 l%s,;&ue $6,000
arate^ sealed,., bids,,until 8 p.m.
March 1 from 1949, to 1653 inclu¬
o% April; 6' for the pur¬
sive, and $8,0a0InT$54; $46,000 2s', chase of $300,000 not to exceed
Plains,
as
1948.
date of Feb.
$1,-
to
1975
inclusive
Principal
ture
and
over
a
period of 41 years..
Rental fees to be paid to the
city
throughout the life
edness
(J-J) payable at the Manufactur¬
ers
& Traders Trust
would
of the indebt¬
total
about $208,000.000, according to. estimates by
interest
and
the
Co., Buffalo.
Authority. Under the terms
50-year lease, the Authority
of the
A
certified check for $1,500, pay¬
able to
order
of
the Town
oi
would guarantee to the
of $22,783,000 to cover
Cheektowaga, is required. Legal¬
tion
ity to be approved by Vandewater.
Sykes & Heckler of New York
City. The bonds are general obli¬
in
field
Fire
and
of
K
—
is
Clayton H.
until
3
bonds,
divided
•
from
1957.
1949
to
1955
in
tion
De¬
1,
as
respects
to
the
proposal
Corpora¬
a
I
formal report sub¬
on
understand
Oct. 16, 1947.
it,
the
Port.
Authority's proposal would give
the city no voice in the
manage¬
ment of its waterfront
inclusive
dated
the
Trade
city
entire term of the
$700 in 1966 and 1967.
All of the bonds
than
World
mitted to the
follows: $800
1965
contribution
has
"As
to
as
Authority's proposal
elaborated in
and
.
1949
part
previously, made to the
city. That proposal, submitted to
Mayor O'Dwyer in May, 1947, was
15,000 building and construction
y
bonds. Denoms. $800 and $700;
Due March
in
advantageous to New York in
many
inclu¬
1956
National Bank:
■
Port
which the
sive, and $3,000
law) and Chair¬
Chase
valuable
a
less
as
nominations $2,000 and $3,000.
Due March 1, as follows: $2,000
Au¬
facilities, but my first im¬
pression is that it appears to be
-
$20,000 fire apparatus bonds.
Port
front
p.m.
April 1 for the purchase
$35,000 not to exceed 2V2% in¬
on
coupon
the
study of the important subject of
rehabilitating New York's water¬
Secretary - Treasurer of
of Fire Commissioners, will
bids
outstanding
city maturing
York, stated
"The
Y.
Brown,
sealed
on
State
of the
New
follows:
Wilton
Offering
the
a sum
amortiza¬
Authority Offer Criticized
New York
man
District, Green(P. O.
of
city
thority's proposal, Winthrop W*
Aldrich, Chairman of the World
Trade
Corporation
(created
by
.
Greenfield Center), N.
Bond
bonds
on
I960..
Port
if
necessary, from unlimited ac
valorem taxes on all of the town's
Greenfield
interest
—Commenting
levy on tax¬
able property in the district and
a
taxable property.
and
dock
gations of the town, payable in the
first instance from
under
by Howard Cull¬
through the issuance of bonds by
Authority, which would ma¬
$3,000 in 1976 and 1977. Bidder to
single rate Of interest, ex¬
pressed in a multiple of ]/4 or 1/1C
1%.
been
the
name a
of
23
has
man,
Port Authority Chairman.
The program would be
financed
inclusive; $2,700, 1953; $2,500
inclusive; $2,000
1964
an
the
during the
lease, but givea
"sole discretion' in all matters to
the Port
Authority, whose charter
requires that New Jersey repre¬
shall 7 have
an
equal
struction
and
voice in every decision. The World
multiple of J/4
offered on March 4—v;
167, p. 893 Principal and interest (M-S) pay¬ Trade Corporation's proposal con¬
—were
purchased by Roosevelt able at the Adirondack Trust Co., templates that the city will par¬
& Cross, of New York, RansonSaratoga Springs. The bonds are ticipate, in a manner to be agreed
?
Davidson Co., jointly, as 2V2s, at
general obligations of the district, upon between the city and State?
a price of
100.56, a basis of 2.446%. payable from unlimited ad valo¬ authorities, in the appointment of
Dated March 1, 1948. Due serially rem taxes on all of its taxable
directors
of
the
corporation..
on
March 1, from 1949 to 1973
property.
A certified check for Moreover, the World Trade Cor¬
inclusive. Principal and interest $700, payable to order of the Dis¬
poration's proposal gives the city
(M-S) payable at the Summit trict Treasurer, is required. Legal a right of recapture at
an^ time,
Trust Co., Summit. The next high¬
opinion of John W. Nichols of which is not mentioned in the
est
bidder
was
Lee
Higginson Saratoga Springs wil be furnished Port Authority's proposal."
Corp., Minsch, Monell & Co., and the successful bidder.
Rochester, N.Y.
Seasongood & Hass, jointly, for
: Harriman, IV*
Note Sale—The $450,000 notes*
Y.
$324,000 as 2%s, at 100.42.
Bond Sale
The $30,000 water offered March 9—v. 167. p. 1094—
Jackson Township School District
bonds offered March 8—v. 167, p. were awarded to
the',; Guaranty
894—were awarded to the Citizens
(P. O. R. D. No. 3, Lakewood),
Trust Co., of New
YorkJ at 0.89%
New Jersey
Bank of Monroe, as 2s, at 100.33, a
interest, plus a prerriiufp of $5.
Bond Sale—The $125,000 con¬ basis of about 1.97 % Dated April Sale consisted of $400;000 Capital
struction bonds offered on March 1, 1948 and due on April 1 from
(street improvemsptLjiotesv and
Bond
School
District, N. /.
Sale—The
$325,000 con¬
equipment bonds
are
■1,# 1948. Bidder to
of
rate
name
April
single
a
sentatives
interest,
expressed in a
or 1/ 10th of 1%.
j
-
.
,
Dated Feb.
1, 1948. Due
serially on Feb. 1, from 1950 to
1969 inclusive. Principal and in¬
terest
(F-A)
payable
at
the
National
Bank,
Lakewood.
The next highest bidder
was
Boland, Saffin & Co., for
2%s, at 100.28.
Peoples
Bond
Offering
—
sealed
bids
on
.
1949
to
1973
George
until
8
J.
re¬
p.m.
March 23 for the
pur¬
/V.-y\ v
Harrison
(P.
March
167, p. 1094—were
awarded to George B. Gibbons &
Co., Inc., of New York, as 2s, at a
price of 100.14, a basis of about
1.951%. Dated March
Second
for
2s
Bond
purchase
Delafield
York
&
City.' '
Longfellow
qf
'
New
March
were
the
District, N. Y.
$10,000 land
and building bonds of¬
March
5—v.
to
167,
the
989—
p;
First
Na¬
of
following:
Bartow,
Leeds &
Co., 0.95%, plus $2; J. P.
Morgan & Co., Inc., 0.967%. >tf.
Salina
Bond
(P. O. Liverpool), N. Y.
Sale—The $255,700 bonds
offered March
11—v.
167, p. 1094
Bacon, Steven¬
Co., of New York, as 21/£s»
at a price of 100.18, a basis of
about 2.485 %.
Sale consisted of;
—were
son
awarded to
&
$230,000 sewer bonds. Due on
':
April 1 from 1949 to 1977 incl.
25,700 Chestnut Hill Water Dis¬
trict bonds. Due on April 1
•
from 1949 to
;
1974 incl.
All of the bonds
are
dated
April
1, 1948. Second high bid of 100.61
for 2.60s was made by Roosevelt
Jeffersonville, as
price of par. Dated
March 1, 1948 and due on March 1
&
Cross,
jointly.
from 1949 to 1958 inclusive.
Triborough Bridge and TunneJ
Authority, N. Y.
»
Legislature Approves New Bor¬
rowing-—The Mitchell-Brook bill
La
a
Fayette (P.O. La Fayette), N.Y.
Bond
tion
Details—In
Sale
with
the
construction
facturers
of
by Hawkins,
made
Fire
awarded
were
Dated
Sale—The
Bank
borough, is required. Legal¬
was
Jeffersonville
at
ity to be approved
high
bid of
by R. D.
White & Co. of New York,
100.11
tional
of the
1,, 1948 and
March 1 from 1949 to 1953
on
2.40s,
$260, payable to order
J-ntt*
capital vl(sewer)
notes'.
16, ,.194.8 and due
March 16, 1949. Among pther bids
$50,000
10—v.
and
for
".-v.;
O. Harrison),
N. jX.
Bond Sale—The $32,500 fire
de¬
partment apparatus bonds offered
equipment bonds.
Dated April 1,
1948. Denom. $1,000. Due April 1,
as follows: $2,000 in 1949 and 1950
check
Second
of 100.06 for 2.70s was
by George B. Gibbons & Co.,
Inc., New York. :
fered
$3,000 from 1951 to 1953 in¬
clusive. Principal and interest (AO) payable at the Cinnaminson
Bank & Trust Co., Riverton. Bid¬
der to name a single rate of in¬
terest, expressed in a multiple of
Vs or l/20th of 1%.
A certified
inclusive.
high bid
made
inclusive.
Spencer, Borough Clerk, will
ceive
---
due
Palmyra, N. J.
(EST)
Co.,
1952
and
chase of $13,000 not to exceed 6%
interest coiipon or registered fire
&
of
1948., Denoms.
from
Wachob Bender Corp., of Omaha,
the First Trust
election
National Bank of
a
bonds
public auction
1,
from 1954 to 1963
from
NEW JERSEY
$265,000
intersection
and
awarded at
April 6 the voters
park and
facilities bonds.
the First
Bond Sale—An issue of
announcement issued
bonds
sewer
Jan.
000, $500 and $200.
Due Jan. 1,
as
follows: $3,500 from. 1949 to
-
Boettcher
<
Webster Groves, Mo.
Bond
bonds.
Scottsbluff, Neb.
an
the
issuance
election
an
April 6 the voters
on
will consider the issuance of $95,000 sanitary sewer extension and
Tipton, Mo.
"
Neb.
to
B
Dated
of
Co., second
high [i bidder,: named
0.989%.
2.683%.
Spickard, Mo.
series
city by the Port of
Authority, according
March
Boston, at 0.964% discount. Dated
March 15, 1948 and due Dec. 23,
city-owned piers and other
facilities
1093—were awarded
Second
of the
p.m.
York
follows:
$175,000 tax
offered
3
New
terest
County (P. O.
notes
until
to
of
Dover), N. H.
Sale
bids
made
(EST)
NEW HAMPSHIRE
Note
the
leasing, financing, construc¬
tion, rehabilitation and operation
waterfront
receive
anticipation
New York, N. Y. '
Authority Would Acquire
City-Owned Piers—A proposal for
(EST) on March 19 for the pur¬
chase of $71,700 not to exceed
5%
interest
coupon
or
Board
bid, is required.
1948
general
to which the
Statei would issue up to $132,000,000 bonds to finance payment of a urer's office.
A
certified check
botuM to- World War II veterans. for 2 % of the bonds bid
for, pay¬
The resolution was passed by the able to order of the
city, is re¬
Senate, calls for the levy of a
quired.
City will furnish at its 8—v. 167, p. 989—were purchased
direct tax on all of the State's own
expense the prepared bonds by Ryan & Moss, and J. R. Ross
taxable property to provide for and the
& Co., both of Newark, jointly,
legal opinion of Chapman
the redemption of the debt.
as
2.70s, at 100.147, a 'basis of
& Cutler of Chicago.
election,
sealed
61
Port
5
(P. O. Cheektowaga), N. Y.
Offering — Benedict T.
Holtz, Town Supervisor, will re¬
of the amount
Strafford
No.
Bond
•
charge. A certified check for 5%
Chatham
dated April
such
on
said
bidder
1954.
alter five years
are
specifying:
bid with interest stated in
1,
$100,000- street im¬
bonds are secured by-
taxes
from unlimited ad
(State
amendment
at/iifche
or
which
at
purchase
the
and
The
provement
improvement
tional
1948
April
All of the bonds
rate
for the
port
Due April
of
Due
House
a
1948
Due April 1, 1953.
series
Proposed Bond Issue — Having
been approved by the State Sen¬
ate action is now awaited by the
on
of
ing bonds.
1,-1948.
....
re¬
purchase
(B) the lowest rate
or
interest
\
1,185,000
$7,000
MISSOURI
J
series
1953.
bonds:
and
issue
building bonds.
■
after
50.000 series of 1948 grade cross-
an election
voters defeated
the
2
April
or
880,000 series of 1948 arterial
highway bonds. Due April 1,
cer¬
Bonds Defeated—At
on
Due
on
from date of issue.
Miss.
r;
re¬
a.m.
650,000 series of 1948 park bonds.
Due April 1, 1952.
Ocean Springs Separate Sch. Diet.,
v,
bonds.
Callable
1952.
Springs, Miss.
the
10
-
terminal bonds.
an election
March 2 the voters refused to
on
follows:
150,000
Bonds Defeated—At
authorize
until
interest coupon bonds, divid¬
as
are
at which said bidder will
five years from date of issue.
check for $600 is required.
Ocean
E.
$3,015,000 not to exceed
1, ,1968.
Princi¬
&
Franklin
March 22 for the pur¬
on
of
bids
provement
pal and interest payable at a bank
designated by the purchaser sub¬
ject to the approval of the City
Council. The approving opinion of
Charles
—
bonds
of
YORK
registered
shall be sold at less than par and
accrued
interest, nor shall any
•
$100,000 series of 1948 street im¬
$5,000 in 1951, and $10,000 in 1952
and 1953, all inclusive. Bidders to
name
Offering
sealed
(CST)
3%
1,
the lowest rate of interest
premium, if any, above par
discount
Dinges, City Comptroller, will
chase
Bidders
on
l':';!
Omaha, Neb.
s
Greenwood, Miss.
<
election
an
v--
2.40s.
as
office.
issue
and
to
Contract—The Rob¬
ert E. Schweser Co. of Omaha has
$107,-
Oct.
on
Each issue of bonds shall be sold
Beatrice, Neb.
Miss.
Sold—An issue of
$5,000
(A-O) payable at the City Treas¬
will
Bonds
improvement
Dated April 1; 1948. Denomina¬
tion $1,000. Principal and interest
urer's
NEW
ceive
from 1948 to 1967 inclusive.
each
Bids Received
No bids
received for the purchase of
$475,000 construction bonds.
.
$10,000 on
1948
to
1967
sewer
Due
improve¬
Due
1, from
inclusive..
(1201)
Cheektowaga Sewsr District
quired to submit separate bids for
Judith
No
Election—At
the
voters
bonds.
Minn.
Bond
consider
the
obligation
works
bonds.
CHRONICLE
follows:
as
Oct,
I
election
an
Feb./27
on
general
water
ment
V
100,000
Falls, Mont.
Election—At
held
be
$100,000
Stearns
<
$200,000
:
FINANCIAL
divided
bonds.
to
2s.
dated
are
MONTANA
/
offered
Bank of Redwood Falls, the only
as
bonds
interest
March 1, 1948.
Redwood Falls, Minn.
'r
The
&
sale
of
bonds to
and
Traders
connec¬
were
&
Co.,
$6,000
authorizing the Authority to issue
$20,000,000 revenue bonds in con¬
nection with ;the financing of: a
six-story i building containing i;,a
parking garage for 2,000 vehicles,
a 30,000 capacity
convention shall
and a sports arena designed to ac-
Trust
Co.,
as reported in pur Feb.
16 issue—v. 167, p. 793—we learn
that the bonds
Tilney
the Manu¬
the
Buffalo,
at par. Interest
and
sold
as
payable F-A.
2.10s,
THE COMMERCIAL
(1202)
62
comodate
audience
an
7,000
greater than that available in the
present Madison Square Garden
has been approved by both houses
of the legislature and now awaits
signature of Governor Thomas E.
Dewey. Site of the building would
be between 58th and 60th Streets
in New York City. Revenue for
liquidation of the bonds and pay¬
ment of $150,000 annually to New
York City in lieu of taxes on the
property to be. acquired would
come from a $1,000,000 guaranteed
annual rental paid by the Madison
Square
Garden
Corporation as
lessee. In announcing its approval
of the program, the Commerce
and Industry Association of New
York, Inc., through its Secretary
Thomas
Jefferson
Miley, stated
the
rental, ac¬
cording to estimates, would amortize the bonds at an average rate
of $400,000 a year in 35 years, pay
interest of $400,000 at 2%, $150,000 annually in lieu of taxes on
the value of the site in its present
that
;
guaranteed
condition, and leave a margin of
$50,000 for services of the AuL
thority. When the lease expires,
the city would own both land and
improvement free and clear. With
respect to the proposed annual
rental, the Association suggested:
"It is conceivable, in' view of the
potential profits
posed
facilities,
the'
including
from
the
for* motion
concessions
valuable
pro¬
pictures, radio and television, the
Corporation could be induced to
to
agree
pay
than
'higher
amount based
additional
an
an
annual rental
$1,000,000, possibly
upon
percentage of earnings."
a
Sale
—
on
The
$3,075,000
March 9—v. 167,
990—were purchased by a syn¬
composed of the Bankers
p.
Election—-At
Bond
to
held
be
election
an
April 3 the voters
on
consider
will
Note
the
issuance
of
$950,000 County hospital bonds.
New
Bern, N. C.
Offering—W.- E/ Easter-
Bond
ling, Secretary of Local Govern¬
ment
Commission,
will
receive
$101,000 series No. 87 street im¬
provement bonds.
One note
for $6,000, others $5,000 each.
$279,000 not to exceed 6% interest
coupon
electric
system
bonds.
March
Dated
the
purchase
1948. Denomina¬
tion $1,000. Due on March 1, as
follows: $6,000 from 1949 to 1964;
the
$10,000 from 1965 to 1967; $12,000
from
1968
to
1971, and $15,000
from 1972 to 1978 inclusive^ Prin¬
cipal and interest (M-S) payable
at New York City. Registerable
1%
to
as
in
interest
the
bonds and another rate
the
of
balance, but no bid
rates for the
than four rates,
bidder
each
and
must specify in
of
must be bid
matur¬
consecutive
of
bonds
bonds
of
rate. Each rate
each
for
amount
the
bid
his
more
name
may
13.
bid for less than par and
No
will
interest
accrued
enter¬
be
The approving opinion of
tained.
Reed, Hoyt & Washburn, of New
City, will be furnished the
purchaser. A certified check for
York
State
$5,580 * payable
to
the
Treasurer, is required.
bonds
follows:
as
bids
sealed
receive
$25,000 from 1958 to 1972, and
$200,000
as
2%Sj
maturing
$25,000 from 1973 to 1980 in¬
clusive.
2,225,000 sanitary sewer bonds:
for $150,000 as /6s, maturing
$50,000 on April 1, from 1951
to
1953; $1,375,000 as 2V4s,
maturing $50,000 from 1954 to
1962; $75,000 from 1963 to
1965; -$100,000 from 1966 to
1972, and $700,000 as 2%s,
maturing $100,000 from 1973
-
,
to
1979, all inclusive.
Dated
Principal
(A-O) in
New York City. The next highest
bidder was Blyth & Co., Equitable
Securities Corp., Goldman, Sachs
& Co., Estabrook & Co., Braun,
Bosworth & Co., Inc., Schoellkopf,
and
April 1, 1948.
payable
interest
Hutton & Pomeroy, Chas. E. Wei-
gold & Co., Wm. E. Pollock & Co.,
McDonald-Moore
Daniel
Lewis
&
&
Co.
and
April 1, 1948. Denomina¬
$1,000. Principal and interest
(A-O) payable in New York City.
Registerable as to principal only.
A separate bid for each issue (not
less than par >and accrued inter¬
tion
(EST)
March 23 for the
on
nomination
$1,000.
$6,000
Due
Bidders are re¬
quested to name the interest rate
or rates in multiples of % of 1%;
each bid may name one rate for
part of the bonds of each issue
(having the earliest maturities)
another rate
and
but
Fuquay Springs, N. C.
Bond Sale
The $18,000 water
.bonds offered March 9—v. 167, p.
bid
name
may
for
rates
four
than
more
rates for the
or
no
each
issue, and each bidder must spe¬
in
cify
amount
the
bid
his
of
bonds of each rate. Each rate must
be
for
bid
The
maturities.
of
ion
consecutive
of
bonds
approving
opin¬
Hoyt & Washburn,
of New York City, will be fur¬
nished
the
purchaser. A certi¬
fied check for $11,000 payable to
the State Treasurer, is required.
Reed,
Tarboro, N. C.
Election
Bond
to
election
the
be
of
At
a
specia1
March
on
15
consider the issu¬
voters will
ance
—
held
various
$235,000
bonds.
',
issues
present
based
bonds
Securities
Co.,
of
and J. Lee Peeler &
Greensboro,
Inc.,
Co., of Dur¬
101.35,
a price of 100.06, a net in¬
terest cost of about 2.89%, as fol¬
March
ham, at
lows: $9,000
from
1951
3148, rdue on April 1
1959 inclusive, and
to
Sept.
1,
214s,
basis
a
of
at
a
price
2.061%.
of
Dated
Due serially on
1949 to 1963 in¬
Principal
and
interest
1948.
15, -from
clusive.
(M-S)
as
payable
at
the
County
$9,000 23/4s, due onVAoril 1, from
1960 to 1968 inclusive. Dated April
Treasurer's office. The next high¬
1, 1948.
for
The bonds will be sold
for not less than the par value
thereof and acrued interest to the
The approving
opinion of Squires, Sanders &
Dempsey, Cleveland, will be fur¬
nished the purchaser at the ex¬
pense of the District.
These are
of
date
the
delivery.
authorized at the gen¬
bonds
eral election held
est bidder
was
J. A. White & Co.,
2i/4s, at 101.171.
of
by
was
the
pur¬
Security
Ponca
City, at a
net interest cost
a
works
water
extension
provement bonds.
from
nually
sive.
is
bonds
Nov. 4, 1947.
will
the
im¬
and
made
Feb.
on
the
proved
(P.
At
—
&
State
will
Kent, Ohio
Auditor,
City
win,
able
sealed
until
bids
March
29
(EST)
purchase
noon
the
for
receive
on
of
$150,000 2% storm sewer bonds.
Dated April 1, 1948. Denom. $1,000. Due $15,000 on Oct. 1 from
1949 to 1958 inclusive. Interest AO.
check
certified
A
for
$1,500.
payable to the order of the city,
is
required.
Legal
opinion
of
Squire,
&
Sanders
Cleveland
will
of
Dempsey
furnished
be
the
election
voters
State, and will be sold at not
less than $95 for each $100 pay
—v.
to
167,
p.
1094—were
awarded
Fahey, Clark & Co., of Cleve¬
Dated April
1, 1948 and
semi-annually
on
April 1 and
inclusive.
the
and
$4,000 in
awarded to the
Bonds to be
bidder naming the
1961.
lowest rate of interest
and agree¬
ing to pay par and accrued
A certified check for
est.
the amount
inter¬
2% of
of the bid is required.
bonds, payable to the Director
Arlington),
'
■>>
(P.
Ore.
Bonds Defeated—At
O. y.
>{
election
an
Feb. 26 the voters defeated the
on
issue
proposed
$200,000 grain
;';:dYyW:''
of
elevator bonds.
Rockaway, Ore.
Authorized—At
Bonds
tion
held
authorized
000
25
Feb.
on
the
issuance
ele^
an
the
voters
of
$175,^
disposal qjlant bonds.
sewage
;.V;V '
,•*.'v
V
f
v
j
1
•.
Washington County, Witch
School District (P. O.
Voted
Feb.
the
At
—
16
the
issuance
construction
an
.
election
voters,
of
ap'^
$26,00G
bonds.
PENNSYLVANIA
11
Bond
Sale—The
Dis-j
$150,000
bonds offered
9—1
March
on
167, p. 991—were purchased by
purchased by the First Na¬
Bank, of Eugene, as l34s,
at 100.02, a basis of 1.738%. Due
serially from 1949 to 1958 inclu¬
Halsey, Stuart & Co., as l%s, 'alt
100.146, a basis of 1.846%. Ddtbc-;
sive. The next highest bidder was
sive.
Blyth & Co., for $8,578.96 as 6s;
$10,000
iy4s;
$15,000
iy2s,
and
$15,000 at 13/4s, at par.
next
Klamath
Sale
the
was
National
States
United
Portland,
Bank,
La
Ripley
&
Co.,
Inc.,
for
Sale
bonds offered
p.
The
—
991—were purchased by
a syhHalsey, Stuari
Co., Lehman Bros., Glore, FoY
gan & Co., Blair & Co., Inc., Uniori
&
Corp., Bear; Stearns '&
election
an
Pomeroy, of Buffalo, Stroud &
Co., of Philadelphia, .Hornblowej
issuance of $50,000
swimming
pool
construction
&
bonds.
Union Bank, of Nashville,
Stevenson & Co., First of
Med ford
Election—At
on
consider
will
Oregon
v.
Bond
election
an
the
issuance
Co., of Philadelphia; Geo. B. Gib
bons & Co., Inc., Chas. »E .Wei
gold & Co, R. D. White & Co
of
and improve¬
Offering—W.
&
F.
&
Co, of Pittsburgh, McDonalji
& Co, of Detroit, Dolphi;
Co,
of •; Philadelphia,
R. (
Schmertz & Co," of Pittsburg!
Ellis & Co, of Cincinnati, and IS
K.' Cunningham & Co. of Pittfc
burgh
as
2V2s,
at
a
price r, t
100.3099, a basis- of-2.473%. Th
Gaaren-
Moore
&
fairs, will receive sealed bids until
(PST)
on
March
30
.
for
purchase of $1,000,000 not tc
interest
exceed'2%
coupon
Vet¬
Dated May
1, 1948.
Denominations of not less
$1,000 each, as determined
than
sale consisted
$4,200,000
Due Oct
33-C
Callable in numarica1
in their entirety, on Oct,
1, 1953 or on any subsequent in¬
1,
1958.
order,
or
terest
payment
will be
out
at
cost to the
Sdlem,'
stitution
der
date. ..The
delivered
shall
or
in
bonds
complete,1 With¬
successful
at such
Portland,
name.
& Co, Donald MacKinndij
Co.-, all of New York, Thoma
Rand
(State of)
stroom, Director of Veterans' Afa.m.
Bacon
Michi-(
Corp. Eldredge & Co., Lap
rence M. Marks & Co.; all of Ncv
York, A. Webster Dougherty &
gan
March 19 the voters
$265,000 refunding
ment bonds.
Weeks, B. J. Van Ingen & Co.;
of
New
York, Commerce
both
.
Irrigation District (P. O.
Bond
.q
$12,750,001
March 9—vv;167
on
dicate composed of
proposed
*
at
2s,
Allegheny County:(P. O.
Pittsburgh ), Pa.
Bond
Mar. 2 the voters turned down
the
or,
incluj
1958
Co., Goldman, Sachs & Co., all 01
New York, Schoellkopf, Hutton '&
Grande, Ore.
Bonds Defeated—At
on
seiially
Interest payable (M-S).
Thy
highest bidder was Harrimaf
Securities
3y2s, at 100.422.
Due
100.705.
$9,873 sewer
bonds offered
on
bidder
highest
1,. 1948.
March 1, from 1949 to
The
3
were
purchased recently
by the First National Bank, of
Portland, as 3s, at par. The next
for
March
Ore.
Falls,
—
(CST) on March 16 for the
purchase of $34,000 building and
repair bonds. Due as follows: $3,000 from
1951 to 1960 inclusive,
p.m.
value oi
par
Allegheny County Institution Dist
<(P. O. Pittsburgh)?- Pa. \
tional
the
Baxter
certified
a-
of the
Veterans' Affairs.
;;y.vrr
Port
of Arlington
ap¬
—were
by the successful bidder.
—
the
upon
upon
Enclose
issue.
$197,000
March 8—v. 167, p. 895
Marr,
Clerk of the Board of Education,
will receive sealed bids until 2
Offering
based
check for 3%
$48,578.96 Ban¬
erans' Welfare bonds.
Bond
inter¬
aggregate in¬
terest cost upon the issue com¬
puted to the final maturity dateof
bonds,
v.
land.'
due
interest
of
rates
or
offered
to be held
$125,000 con¬
struction bonds offered March 10
accrued
and
thereon, if any, to the bidder
offering the lowest effective rhte
Medford), Ore.
Sale—The
thereof
est
trict
Village Local Sch. Dist.,
Ohio
Bond
of
Eugene, Orel
Bond Sale—The
successful bidder.
Mentor
nego^id
bonds o|
obligation
general
T h p
direct
the
be
the
proved
Feb.
will
office.
Treasurer's
bonds
held'on
bonds.
improvement
Offeriiig—Francis J. Ker-
Bond
fur¬
cipal and interest payable at the
croft Improvement, series B bonds
on
aiiq
will be
Sayre, of Portland, approvip*
validity of the bonds. Prin¬
the
Bonds
O
an
the
14
issuance
construction
amended,
as
Reedville), Ore.
District
Voted
Bonds
1945 j
nished the unqualified legal opin¬
ion of Winfree, McCulloch, Shuler
the
to
Scappoose), Ore.
held
and Chapter 403, Ore¬
State,
the successful bidder
inclu¬
1970
to
be
County, Scappoose
School
Bond
'
and
called
gon Laws,
OREGON
Columbia
able to the Board of Education, ia
required.
accepted
are
Due $2,000 an¬
1951
Award
check for $3,000 pay¬
certified
A
on
based
bid
of
specified, provided, however, tpdt
where a fractional interest rate is
Apache School District, Okla.
1094—were awarded to the Vance
Corp.,
Bank
than
interest
of
late
the
the
desiring to do so
bid or bids for said
upon and bearing a
County (P. O. Hamiltori),
$32,000 sewer,
special assessment bonds offered
on March 5—v. 167, p. 895—were
purchased by Braun, Bosworth &
—
bonds
recently
a
rate
different
interest
aggregate interest cost, thi
State' will pay, provided bis
Dalton. Anyone
may
effective
and
upon
1.79%, as follows: $60,000
iy2s, due in 1951; $180,000 2s, due
$60,000 from 1952 to 1954 inclu¬
10
Sale—The
statement of the total interest cqst
value
,
OKLAHOMA
Ohio
Bond
2.
1964; $6,000 April and [bidder naming the lowest rate of
1
$7,000 Oct. 15, from 1965 to 1967, interest and agreeing to pay par
and accrued interest.
A certified
and $7,000 April and Oct. 15, 1968.
Principal and interest (A-O) pay¬ ! check for 2% of the amount of the
bid is required.
able at the First National Bank,
OHIO
Butler
au¬
Mar.
Vian, Okla.
Bond Offering—R. R. Galatian:
Town Clerk, will receive sealed
bids until 2 p.m. (CST) on March
16
for
the
purchase of $40 000
$7,000 Oct. 15, from 1957 to 1959;
$7,000 April and Oct. 15, 1960;
$6,000 April and $7,000 Oct. 15,
from
1961 to 1963; - $7,000 April
Oct. 1 from 1949 to 1963
j
requested to include in his bid
sive, and $60,000 1 Vz s, due in 1955.
1
1952; $6,00Q April and $7,000 Oct.
15, from 1953 to 1955; $7,000 April
and Oct. 15, 1956; $6,000 April and
is required.
est)
Mc-
as 2s; $550,000
as 2V4s,
$1,720,000 as 2y2s, at 100.062.
light
*
inclusive.
Dated
Co., jointly," for
$675,000
and
system
bonds. Due on April 1, as fol¬
lows:
$6,000
from
1951
to
1967; $14,000 in 1968 and 1969,
and $15,000 from 1970 to 1977
balance,
200,000 public improvement
bonds: for $15,000 as 6s, ma¬
turing $5,000 on April 1, from
1951 to 1953; $175,000 as 2V4s,
maturing $5,000 from 1954 to
"1956; $10,000 from 1957 to
1972, and $10,000 as 2a/2S, ma¬
turing April 1, 1973./
State
purchase of $265,000 3% building
bonds.
Dated Feb. 15, 1948. De¬
delivery.
electric
were
on
as
inclusive.
250,000
and ac¬
par
of about
,
2.408%,
follows:
pay
City, Okla.
price of 100.03,
until
all
$650,000 water bonds: for $30,000
as 6s, maturing $10,000 April
1, from 1951 to 1953; $420,000
as 2 y4s, maturing $10,000 from
1954 to 1956; $15,000 in 1957;
chased
Clerk of Board of Education,
Co., all Of New York, and the
American Trust Co., of Charlotte,
at 100.01, a net interest ^ cost of
&
April 1,
on
required.'
Bonds
improvement
I
bid, such fraction shall be in a
fol¬ multiple of 14 of 1%. Bids shall be
lows:
$10,000 from 1949 to made only upon all of the bonds
1953; $15,000 from 1954, to of this issue. All bids must state
1962; $20,000 in 1963 and 1964; the gross amount of the bid and
and $25,000 from 1965 to 1967, accrued interest to the date of
bonds. Due
the
Sold—An issue of $300,telectric plant extension and
000
(P. O.
Ohio
improvement
street
$300,000
A
of
and Oct. 15,
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed bids until 11 a.m.
(EST)
on March 16 at his office in Ral¬
divided
is
election
an
Ponca
April and $7,000 Oct. 15, from 1949
Jan. to 1951; $7,000 April and Oct. 15,
the election held on
at
ized
bid
interest.
thorized at
Bond Offering—Robert E. Slus-
noon
2%
for
the
$17,000
inclusive.
Bonds
Daltori),
will
of
Due
1958
agreeing to
crued
check for
ities. These are the bonds author¬
Merrill
as
and
for, payable
of the City Treasurer, is
Dalton Local School District
ser,
7:30
naming the lowest rate of interest
required.
or
Education,,
Award will be made to the bidder
of the notes bid
order
of
bonds.
to
check
amount
of
Dempsey
certified
A
Cleveland.
to
&
Sanders
Squire,
1951
certified
City to furnish
y4%.
Board
construction
from
City Treasurer's office.
Rate
interest to be expressed in a
multiple of
the
(CST) on March 15 for the
purchase of $136;000 site plan and
rates
or
of 1%. Each
rate for part
one
name
may
rate
%
of
multiples
bid
Bidders to
only.
principal
name
of
of
will receive sealed bids until
P.m.
printed notes and legal opinion of
1,
.i1
■
-
Clerk
1, 1948 and mature Oct. 1, 1949.
Principal and interest payable at
for
16
(EST)
a.m.
•'
none of; the
prior to the final'
Pauls Valley School District, Okla. maturity date thereof. The bon'dt/
will be issued under authority of
Bond Offering—J. E. Suggs, Jr.,
Article XIa of the Constitution of'
All of the notes are dated April
March
Ral¬
in
Trust
Co., National City Bank,
Lynch, Pierce, Fenner &
Beane, Salomon Bros. & Hutzler,
Bacon, Stevenson &*Co, Roose¬
velt & Cross, Donald MacKinnon
and
repair
bonds .offered
will receive' ing
March 10—v. 167, p. 1095—were
sealed bids until noop (EST) on
awarded to
a
local
investor as
March
19
for
the
purchase of
l%s. Due from 1951 to 1953 in¬
$109,200 not to exceed 6% interest
clusive. '.{'
•
notes, as follows:
of
until ,11
eigh,
office
Bond
.
Clerk,
City
Cain,
■;
Monday, March 15, 1948
School District,
Okla.
Sale—The $25,000 build¬
Davis
(
Agnes Brown
—
on
his
at
eigh, for the purchase of $550,000
not to exceed 6% interest coupon
dicate
Offering
8,200 series No. 88 sanitary sewer
notes.
Denomination $8,200.
bids
sealed
Bond
Charlotte, N. C.
Bond
N. C.
''.."v'v':.V
K'i.Vl:
CHRONICLE
Columbus, Ohio
County (P. O. Kinston),
Rocky Mount, N. C.
Offering—W. E. Easter-
NORTH CAROLINA
bonds offered
Lenoir
FINANCIAL
&
" 'A
V
v:
bidder,
banking!in¬
as
the bid--
Each; bidder
is
bonds.
3,375,000
9-C
.
off vv.
.*
!
f
■
peoples
bonds.
3,000,000
seriej
peoples„ bridge,
,
airport,
;.''4
%
peoples
55-C bonds.-:' Y :
road,
:";
seriel
<
serie|
^
600,000 park, series 17 bonds.
420,000 bridge, series 35
bonds.j
750,000 road, series' 57 bonds.
lume
Number
167
THE COMMERCIAL
4681
.0,000 public building, series 17
bonds.
•7'plan, series 3 bonds.
March
' on
•
Due seri-
1, 1948.
March
■
from
1,
1949
to
inclusive.
}
let
made
was
$1,000 Jan.
The next highest
Chase National Bank,
was
York;
Chemical
St Co.,
New York;
v
./Harris
Bank
Blyth
&
&
Trust & Savings Bank,
c&go; Salomon Bros. & HutzlerJ
Mhern
Trust
ncure
Biddle.
Co.,
Chicago;
&
Co.,
F.
S,
15, 1948.
Due $1,000
March 15 from 1949 to 1958 in¬
on
clusive.
Rate
interest
of
expressed by the bidder in
^61ey & Co., Mercantile-Comf'Be Bank & Trust Co., St. Louis;
ders offer
at the
'(in, Bosworth & Co., Inc., W.
the
^
Ira Haupt & Co., Coffin &
Co., Detmer & Co., National
y' Bank, Cleveland, Ohio Co. of
lumbus, F.: S. Smithers & Co.,
S^en, Miller & Co., and C. C.
lllngs & Co., jointly for 2Vfcs, at
.199.
der.
The
the
at
Bill
Establish
Would
A bill
all
of the above unit and
it
issue
to
bids
sive.
Interest
payable
A-O.
next highest bidder was E. H.
&
Sons, Singer, Deane &
Fauset, Steele & Co.,
Moore, Leonard & Lynch,
ntly, for 2V2S, at 101.394.
just
toll bridge
a
the
C half ant,
with
eral
Pa.
O.
in
Pastore
to
the
sale
of
connec-
the
$15,000
bonds
to
improvement
Lestrange & Klima, of
tsburgh, as 2s, at a price of
$83, as reported in our Feb. 2
e —v.
167, p. 595 —we learn
ft the
bonds
1949
dated
are
mature
and
to
$3,000
1953
Jan.
at the
2,
Jan.
on
inclusive,
'hcipal and interest (J-J)
10
did
not
Feb.
on
24
elec¬
an
the
the
approve
to
be
voters will
a
of
1963
general
the
to
elec¬
be
Election—At
held
Co.
of
the voters
con¬
softening
plant
rplay, Secretary of Board of
pervisors, will ^receive sealed
until 8 p.m. (EST) on April
the purchase of $150,000 not
exceed
3%
interest
sewage
bonds. Dated May 1,1948.
nomination
$1,000, Due, $5,000
May 1, from 1949 to 1978 in-
give.f Registerable
to prin-
as
al only. Bids will be received
'A the entire issue at any one
of
interest, but
bid
no
com-
*ng two different rates of inest will be accepted. The bonds
be sold to the highest respon¬
se bidder providing such bid is
less than par and accrued int.
TENNESSEE
Clerks
to
(j the
Department
of
Internal
$ifs
and subject to the favoropinions of Morgan; Lewis
Bockius, of Philadelphia, and
i%-\ Fronefield, Warner & Bryof; Media.
All
bids must
be
'
nditional
forms
nk
and
which
submitted
on
be ob'Od. from the above Secretary,
ertified check for $3,000 pay-
to the
equired.
0
per
ond
may
Township
Treasurer
;;''i'j'J-Q
bonds.
Dated
Willow Grove), Pa.
Sale—The
$60,000
,167, p. 991—were awarded to
ongood & Haas, of Philadela, as 2s, at a price of 100.67, a
is of about 1.89%. Dated March
9
to
March
1960v inclusive.,
1,
Due
on
improvement
in
1,
fol¬
as
1949,
1950
and
to
1953
VI
Due
March
Bonds
1956 to
$13,000
and
tp:4968^ all ihclusive.
maturing
1968 shall
from
be
March
1,
callable for
redemption" on March 1, 1955, and
any
interest
payment date
on
thereafter
order
as
called
1959^
and
in
inverse
numerical
follows: As to each bond
prior to March lj
premium of $35| thereafter
or prior to March 1, 1964,
on
a
on
or
may
one
be
rate
for
maturity*
Completed
the approving opinion
of Chapman & Cutler, of Chicago,
will be furnished. Principal and
interest
(M-S)
payable;: at. the
City Treasurer's office or at the
any
bonds and
Chase
National Bank,
required. 'v.-: '/.V
New York
■.*'
Cornersville, Tenn.
Dated
Bond Offering
— W.
C. Gillum,
Recorder, will receive sealed
bids until 1 p.m. (CST) on March
23 for the purchase of $15,000 not
exceed
4%. interest
municipal
water
Second
1,4848. Denomination $1,000. Due
system
bpnds.
of
cost
of
at the
time to
same
Wright & Co., of San An¬
tonio,
reported with the above
issue, were sold at a price
as
named
of
price
a
$225,000 Road District No.
bonds sold
L.
for
interest
net
a
The
2
sold
were
100.13,
100.07,
interest
net
a
of
cost
2.66%.
Chemical
the
(M-S)
Bank
payable
&
Trust
Co., New York City. Bond issues
numbered 1 to 5
unlimited
all
payable from
are
ad valorem taxes upon
taxable
within the
City. Bond issue No. 6 is payable
from a special tax. The Board of
property
Commissioners will
posals
on
All
none
or
within
consider pro¬
the following basis:
(a)
of the bonds included
issues" numbered
1
to
Dated
No
such
or
one
specify
interest
of
more
which
Jan.
(b)
of the bonds included
issues
such
than
shall
rate
none
within
No
bid
6.
numbered
bid
shall
rate
of
1
specify
interest
to
5.
more
which
shall apply to all five issues; (c)
All or none of issue number 6.
No
such
than
shall
one
bid
shall
rate
apply
of
to
specify
interest
the
entire
more
which
issue.
The bonds are being issued sub¬
ject to the approving opinion of
Chapman & Cutler, of Chicago,
which opinion will be furnished
pense
of the City. The successful
bidder
shall
bonds at his
tified
ex¬
furnish
own
check for
the
printed
expense. A cer¬
2%
of the
prin¬
Commissioners
(P. O. Tulia),
Texas
Sale
Bond
connec¬
$115,000
water
road
and
sewer
revenue
bonds.
Details—In
Sale
with
sale
the
of
learn that the bonds
par,
$40,000
Jan.
as reported in
issue—v. 167, p. 298—
19
learn that the bonds
were
1949;
Prairie,
on
$5,000
1959
and
1960;
Tyler,
group including
Edwards, Inc., of Oklahoma
City, and the First of Texas Corp.,
Bond
a
992—were
Antonio, has purchased an
$150,000 water works,
and
street
improvement
of 1948, at a price of 100.091,
March
March
1
Velasco,
Denomination
the
Grand Prairie
Legality approved by
Sale—The
5
—
purchased
$3,000,000
bonds
167,
v.
p.
offered
896
—
by a syndicate
Phelps, Fenn &
posed
7
&
Co.,
of
Sale
a
basis
of
2.6432%.
Dated
I,-1948. Due serially
from
1949
to
1963
on
!
! Victoria
and
No.
County Water Control
Improvement District
1
In¬
payable
M-S.
The
next
highest bidder was Shields & Co.,
Harris, Hall & Co., White, Weld
& Co., Coffin & Burr, Hirsch &
Co., Ira Haupt & Co., Fridley &
Hess,
Emerson,
Ellis
&
Co.,
(P. O. Bloomington), Texas
Bond
Election—At
to be held
wiil
.
Roche & Dunn,
jointly, for 3%
consider
at
sewer
Walker County (P. O.
of
system
Huntsville),
T exas
Bond
Election—At
an
election
March 20 the voters will
on
sider
an
issue of
construction
Webb*
con¬
$350,000 hospital
bonds.
County
<
(P. O.
Laredo),
T exas
Bonds Sold—Russ & Co. of San
Antonio
have
purchased
of $350,000
102.822.
election
issuance
the
bonds.
thorized at
bonds,
an
March 20 the voters
on
$120,000 water and
improvement bonds.
March 1,
inclusive.
$200,improvement-
$15,000 from 1961 to 1964 inclu¬
sive; $16,000 in 1965; $19,000 in
1966 and $20,000 in 1967 and 1968.
March
terest
and
Details—The
road
Co., of Dallas, as reported in—v.
167, p. 1096—mature on Feb. 1, as
$5,000 from 1950 to 1952
inclusive; $6,000, 1953 to 1958 in¬
clusive, $7,000 in 1959 and 1960;
were
Cincinnati,
County Road District
2%%
Trust
Reusch
improve¬
street
follows:
com¬
Thomas & Co., of Pittsburgh, and
the J. R. Phillips Investment Co.,
of Houston, at a price of 102.854,
on
an
(P. O. Canton), Texas
Bond
on
Co., all of New York, Commerce
Co., of Kansas City, F. S.
Smithers & Co., Campbell, Phelps
&! Co., both of New York, Fox,
authorized
bonds sold to the First Southwest
3%
of
Co.,
Eastman,
Dillon & Co., Paine,
Webber, Jackson & Curtis, R. S.
Dickson & Co., Otis & Co., First
of Michigan Corp., Dominick &
Dominick, Donald MacKinnon &
$50,000
election
an
voters
Zandt
No.
000
B-1948
March
of
Van
of
County Flood Control Dist.
(P. O. Houston), Texas
series
on
1963 inclu¬
ment bonds.
Harris
Bond
the
21
issue
$1,000.
In¬
Principal and interest
Crowe
banks.
Texas
Bonds Voted—At
Feb.
$45,000 3Vis. Dated March 15,
&
local
1948 and due
from 1949 to
net interest cost of about 3.38%.
Parkhurst
to
1,
sive.
The issue consists of $105,000 3V2S
at
sold
Dated
of
terest M-S.
Texas
$90,000 school
167, p.
Sale—The
bonds offered March 5—v.
of San
bonds
1961
J-D.'
Texas
J.
sewer
$7,000 from
to 1966, and $8,000 in 1967. Dated
Dec.
1,
1947.
Interest payable
Bonds Sold—A
R.
sold at
were
$53,000 as 2V4S,
June
1, $3,000 in
from 1950 to 1953;
$6,000 from 1954 to 1958, and $62,000 as 23/4s, maturing $6,000 in
sold
McRoberts & Co., of San An¬
tonio, as 3V2S, at par.
Dated Dec.
1, 1947.
Approved as to legality
by Dumas & Huguenin, of Dallas.
Grand
the
follows:
as
maturing
construction bonds
our
to
Corp., of
Antonio, as reported in our
Feb. 9 issue—v. ,167, p. 700—we
connec¬
the
bonds
Securities
San
;.:'N7" exas
Bond
improvement
Columbian
Floyd County, Lockney High Sch.
Dist., (P. O. Lockney),
an
an
issue
Issue was au¬
election
on
Feb. 7.
Jefferson County Water Control
and
Winkler
Improvement District No. 5
(P. O. Port Arthur), Texas
Bond
Election—At
to be held
in
will
bid, payable to the City
Treasurer, is required.
No. 2
Details—In
cipal amount of the bonds covered
such
County,
Precinct
election
an
tion with the sale of the
be in multiples of % of 1%. Prin¬
at
At
—
Dallas.
March
to the successful bidder at the
Town
to
992—we learn that the
p.
bonds
March 20 the voters
on
McCall,
three
than
to be held
State Bank.
apply to all six issues;
interest
connec¬
approved the issuance of $245,000
payable
one
of
167,
v.
about
of
Voted
to
shall
more
Bonds
to
than
nor
O.
Details—In
ley & Hess, First Southwest Co.,
of Dallas,
and Rotan, Mosle &
Moreland, of Houston, jointly, as
reported in our March 1 issue—
and $105,000
2 Vis, due
March 1 from 1952 to
as
All
rates
Sale
tion with the sale of the $600,000
on
1,
from
premium of $25, and thereafter
prior to maturity, a premium of
$15. Rate of interest to be in mul¬
tiples of V\ of 1%. Not more than
a
named,
au¬
Feb. 21.
road district No. 6 bonds to Frid¬
2.19%, as
$45,000 l3/4s, due $15,000
1951
$5,000
cipal and interest
frbnft1965
were
on
County (P.
Refugio), Texas
Bond
Details—The
cost
1953; $10,000 from
1954
1957, and $11,000 in 1958.
follows:
on
from
1964,
and
election
an
Refugio
connec¬
Dublin, Texas
1948.
improvement
general
bonds.
1, 1948. Denom¬
ination $1,000. Rate of interest to
to
are
Texas
County (P. O. Denton),
clusive,
and
$1,000. Due March 1,
$8,000 from 1950 to
1952; $9,000 from .1953 to 1956;
$10,000 from 1957 to 1960; $12,000
1961
of issue
sold to the Lamesa National
issue
March
K
T
1948. De¬
lj from
Due
follows:
as
street
66,000
1948
follows:
as
date
thorized at
(P. O.
March 1 from 1949 to 1951 in¬
on
we
inclusive.
•
nomination
im-
vement bonds offered March 8
on
March
from
100.05.
1969
maturing from
1970 to 1977 are 3y2s. The bonds
are subject to call after
15 years
to
bonds.
$28,000
$26,000 from
water
series
y V. City. A certified check for $4,000
payable to the City Treasurer, is
Moreland Township (P. O.
948 and due
interest
4%
improvement,
$500,system
those
T exas
tion
lows:
will
exceed
works
bonds.
1960 inclusive.
1,
bonds.
;:
receive sealed
bids until 10 a.m. (CST) on March
24 for the purchase of $200,000 not
-
only if and after the proceeds/authorizing the issuance of
»h: bonds, have been approved
extension
V
Cookeville, Tenn.
Bond Offering: — H. E. Oakes;
City
to
1949
and
learn that
Sale
sewer
priee of
a
33/4s
all inclusive.
hospital
132,000
'
1
ton, jointly, at
Bank.
Denton
ap¬
$45,000
bonds was sold recently
McClung & Knickerbocker, and
Bonds due from
Jan. 26 issue—v. 167,
the bonds
our
on
$20,000
in 1951; $25,000 in 1952; $30,000 from 1953 to 1955; $35,000
in 1956; $20,000 in 1957 and
1958; $30,000 in 1959 and 1960;
$50,000 from 1961 to 1964, and
$30,000 in 1965.
$40,-
water
to
March
election
an
April 1
on
Due
fire department, bonds.
$5,000 on March 1, from
500,000
.
S.
1965,
struction bonds.
1
Eugene
bonds, divided
IV
1095—were awarded
Webster, S. Dak.
Bond
$3,000,000 City Improvebonds.
—
bids
bonds.
water
'1951
bonds offered March
p.
Commissioners
No.
Details—In
Sale
484—we
$20,000 on March 1, from
to 1960, all inclusive.
Due
Minneapolis.
of
Offering
oral
re¬
III
Allison-Williams
voters will consider the issu-
Township (P. O.
Broomall), Pa.
to
50,000
S. Dak.
Sale—The $400,000
cjion to be held in November
Mar pie
that the
will
II
Watertown,
167,
to
the
tion with the sale of the $150,000
road improvement bonds, as re¬
$15,000
16
000
the
Graves,
1951; $25,000 from
1952
to
1960; $88,000 in 1961; $108,000
in
1962, and $103,000 from
1951
to
Erie, Pa..
and
struction bonds.
revenue
County
Lamesa),
"Bond
of
Ernest L. Brown, Jr., both of Hous¬
Swisher
provement and sewer system con¬
Mellon National Bank
Election—At
-
announces
school
Due
8—v.
Mar. 9,
on
city purchased $25,000 series 1937
refunding bonds, dated Apr. 1,
1937, at an average price of 96.
Precinct
000 water works and
to
;
Purchased—Pursuant
Dawson
election
voters
revenue
the call for tenders
March 1, as follows: $20,000 in
200,000
tric
election
follows:
consider the issu¬
Bond
Bonds
Dist.,
LaPorte, Texas
J.
$40,000 water system im¬
of
ance
the
Belton, Texas
»
;
at
Feb. 24.
on
the
issuance
Bonds Sold—An issue of
interest
special
March
on
held
authorized
until
sealed
$750,000
voters
issuance
At
—
held
Dallas, jointly.
bonds
Bond
follows:
Castlewood, S. Dak.
Election
Co., and
Co., both
These are the
Central Investment
of
21
an
construction bonds.
Southwest
First
the
(CST) on March 26 for
purchase of $1,698,000 npt to
$25,000 street improvement bonds.
Bond
the
by
the
Feb.
on
proved
At
—
1958 inclusive.
Voted—At
Not
held
purchased
ap¬
bonds.
Commissioners
exceed 3% interest
as
Bonds
was
$25,000
a.m.
the
will consider the issuance of
2
27
Avon, S. Dak.
tion
bonds
held
im¬
Voted
2 59158%.
ceive
C
SOUTH DAKOTA
pay-
Trust Co., East Pittsburgh.
pon
of
Tenn.
Offering—B. F.
Board of
legislature.
the
provement
Bonds
$150,000 hospital bonds purchased by
James, Stayart & Co., of Dallas, as
reported in—v. 167, p. 1096—were
sold at a price of 100.008, a net
City Recorder,
thurs,
or
issuance
improvement
Bond
annual
his
street
were
On Feb.
—
Jackson,
was
message
the
Details—In
Sale
,nd
ond
the
%
bridge
approved in principle by Governor
-John
and
p.
County (P. O. Pulaski),
County Quarterly Court
proved
the
Legislature. The project
State
sewer
and
T enn.
the
over
introduced
been
water,
conditioned.
so
Bonds Approved
empowering
in
election
jt
be
Agency—
ibner,
e
shall
Independent Sch.
63
Texas
Bonds Sold—An issue of $150,000
ported in
bonds for the
revenue
financing of
100.529, a basis of 2.193%.
April 1, 1948. Due serially
April 1, from 1950 to 1968 in-
.
sub¬
of the Town
expense
Giles
providing for establishment
ed
d
ond
issued
are
quired.
Ce of
e
bonds
A certified check for $500 payable
to
the
Town
Treasurer, is re¬
River Bridge
Authorily, R. I.
has
167, p. 991—were purchased
Halsey, Stuart & Co., and Ars,
Lestrange
&
Klima, of
tsburgh, jointly, as 2V2S, at a
from
Cor¬
Providence
Sale—The
v.
8,
of
Bank
Lancaster
Texas
Anson,
Co., New York City,
Farmers
ject to the favorable opinion of
Chapman & Cutler, of Chicago,
which opinion will be furnished
ity of Fields Point to Providence
$300,000 con¬
viction bonds offered on March
n
the
at
nersville, at the option of the hol¬
ISLAND
Falls School District, Pa.
ond
llins
interest,
Providence River from the vicin¬
aver
e
bid¬
bidder
or
Treasurer, is re¬
quired. Legality to be approved
oy Townsend, Elliott & Munson of
Philadelphia.
W, Hannahs, Ballin & Lee, J.
White & Co., Francis I. duPont
TEXAS
be
the bonds
lowest rate of
(1203)
1964
to
or more
to purchase
same
Bank & Trust
of
RHODE
to
offering the highest
premium. Principal and interest
(J-J) payable at the Chemical
of the Township
(utton & Co., -Eastman, Dillon
.0., Hemphill, Noyes & Co.,
die, Leonard & Lynch, W. H.
rton & Co., Wm. E. Pollock &
1950
interest
then such award shall be made to
Vs of 1%. A certified
check for $200, payable to order
tiple
of
provided that if two
mul¬
a
from
offers the lowest interest rate and
be
to
1,
CHRONICLE
in multiples of V4 of l%.The high¬
est bidder shall be the one who
Washington Township (P. O.
\ R. F. D., Bangor), Pa.
Bond Offering — Eli Strouse,
Secretary of the Board of Super¬
visors,
will receive sealed bids
until 8 p.m. (EST) on March 17
for the purchase of $10,000 coupon
funding and improvement bonds.
Dated March
FINANCIAL
Rate
inclusive.
A. Webster Dougherty & Co.
Of Philadelphia.
by
0,600 road, series 58 bonds.
i&OO lot and block assessment
Kted
high bid of 100.48 for 2s
&
on
County
(P.
O.
Kermit), Texas
election
Bonds Sold—An issue of $550,-,
March 20 the voters
000; road bon^a was purchased rer;
cently by Ket/init St^te Bank and
consider
the
an
issuance
$100,000 water system bonds.'
of
.
the
Winkler Qounty
State Bank
64
THE COMMERCIAL
(1204)
of
or
the
bonds.
A
Legality
approved
by
Thorgrimson
& Horo¬
5%
of the
amount
limitation
Kermit, jointly, as 2s. Due ser¬
ially in 10 years, optional after
5 years. These are the bonds au¬
out
thorized
to
witz, of Seattle.
at
election
the
held
amount.
Preston,
on
as
rate
Burlington,
March
authorized
voters
the
the
the
Voted—At
Bonds
election
issue
Vt.
2
following bond issues aggre¬
to
Whatccm County, Blaine Sch. Dist.
No.
503
Bellingham),
(P. O.
Wash.
proved.
receive
sealed bids until 10 a.m.
(PST)
on
March 18 for the purchase of
$73,000 not to exceed 4% interest
VIRGINIA
Martinsville, Va.
Election
Bond
election
held
be
to
At
—
special
a
March
on
23
school
issu¬
the voters will consider the
$1,990,000 school bonds,
and
$900,000 water distribution
system improvement bonds.
the Board of County
interst payment date on
five years
from date
and after
of issue.
Principal and interest (M-S) pay¬
able at the
County Treasurer's
15 for the
to exceed
(PST) on March
purchase of $95,000 not
4% I interest
general
bonds.
Dated April 1,
office.
obligation
inclusive
1960
to
1956
from
son, Clerk County
ceive sealed
bids
right to redeem any or all of the
bonds at par in inverse order on
March 27 for the pur¬
not to exceed
2% interest airport construction
coupon bonds. Dated Jan; 1, 1948.
Due on July 1, as follows: $7,000
in 1949; $8,000 from 1950 to 1952;
$9,000 from 1953 to 1958; $10,000
from 1959 to 1963; $11,000 from
1964 to 1968; $12,000 from 1969 to
(EST)
interest payment date on and
after five years from date thereof by giving 30 days' notice of
such intended redemption by one
publication thereof in the official
County newspaper not more than
40 nor less than 30 days prior to
redemption date.
Principal
and interest payable at the County
said
mitted shall
lowest
mium,
if
which
the
interest
of
and
10
a.m.
of
$350,000
from 1973 to 1976;
$14,000 from 1977 to 1980, and
$4,000 in 1981, all inclusive. Prin¬
cipal and interest (J-J) payable
specify either (a) the
rate
until
1972; $13,000
bids sub¬
The
-
Court, will re¬
on
chase
any
office.
the
at
pre¬
office
Treasurer's
State
or
of
City Bank of New
purchase
York.
No
for
bonds; or (b) the lowest rate
interest at which the bidder
the
at the National
value
of
will
above
any,
will
bidder
bid
the
less
right to reject
County, by resolution of its
Board of Commissioners has ir¬
*
The
', V
•
•
*
\
be
par
con¬
the
reserves
'
"
'
..
J
Bond
Enclose
will be
certified
a
\
18
Bonds
bonds
school
•000
for
bonds.
re¬
Due $5,000 on March
inclusive.,
1 from 1955 to 1958
2%s.
$5,000
Due
clusive
and
terest in
inclusive.
1968
able
at
a
the
Marine
National
Ex¬
change Bank, Milwaukee. No bid
for less
than
Milwaukee.
•
par
Purchaser
furnish
to
printed bonds.
Milwaukee
District
held
Voted
Feb.
on
At
—
26
the
No.
1
Wis.
an
election
voters
au¬
thorized issuance of $250,000 con¬
struction bonds.
.
bonds
the
of
are
March 1, 1948.
Interest M-S.
$1,000.
All of
nomination
bonds
in
are
callable
as
a
dated
De¬
said
whole
or
part in inverse numerical or¬
der
at
par
on
any
and
interest
after March
ment
date
1949.
Principal and interest
on
pay¬
6
1,
pay¬
able at the
County Treasurer's of¬
fice. Said bonds constitute, in the
counsel,
legal and
obligations of said Dis¬
trict, payable as to both principal
opinion
binding
and
taxes
of
interest
from
ad
valorem
the taxable
property within said District with¬
upon
all
of
purchase of $75,improve¬
ment bonds. Dated March 1, 1948.
Denomination $1,000.
Due April
1, as follows:, $7,000 from .1949 to
1958 inclusive, and $5,000 in 1959.
Principal and interest (A-O) pay¬
able at the Bank of Sparta, the
Monroe County Bank or at the
water
Farmers
>parla.
opinion
National
Bank,
all
o'
and
the
cost
of pi in ting
Jan.
189
184
192
189
+189
+ 199
198
196
+ 195
196
192
229
221
+224
227
218
+ 176
173
176
+ 172
171
171
+ 155
156
146
+ 150
151
141
*
197
14G
O
161
144
227
148
.
.
J.
i
Durable
...
.
Nondurable
Minerals
Construction
G'
Total
value—
contracts,
...
.
*
Residential
\
•
r
.
—
AH other
•-
.-vV:; * '
—
<■
159
120
a
137
119
a
177
120
*■
Factory,
employment—
The
$80,000
2%
1948 and due April 1,
$5,000
fol¬
as
1964
from
Principal and in¬
(annually on April 1) pay¬
able
the
Bank
The
at
Wilton.
district
of
Sparta,
Village of Wilton and a
portion of the towns of Wilton,
Wellington
and
Ridgeville
in
Monroe
County.
No.
Sale
Bond
building
The
—
a
Freight
/
interest
carloadings
* Data
April
territory which includes all of the
Village of Wilton and
of
portion of
a
to
durable
r
Construction
second month,
139
138
480
209
268
a
241
234
available.
yet
contract
based
indexes
F. W. Dodge data
ol
Statistics.
Labor
of
+ Preliminary.
* Data
:
=
Dec.
Jan.
was
average
in¬
and steel-
Iron
205
+202
-i—
chase of
for
Steel
185
177
181
185
177
414
518
516
414
238
277
t285
288
277
+239
244
229
+239
244
229
+ 201
Machinery"
equipment—-•—»
Automobiles
products
metals and
refining
and
2U7
181
+201
207
.181
203
a
9—v.
Ccmen t
.
products
+ 138
140
139
131
+117
119
181
101
+ 180
181
161
205 '
219
+ 194
199
.208
141
149
149
141
149
149
196
182
a
178
166
168
+168
172
156
products
+253
236
227
+242
242
218
products
+210
238
271
238
271
p
+ 162
>172
131
161
—
and prpdpcts--
Textiles
—
153
,
a
p
products
I
hide
Cattle
:'
{
•
leathers——
Sheep
leathers——
p.
3y2s, due $80,000 April 1 from
and $90,000
from 1964 to 1968 inclusive, and
1959 to 1963 inclusive,
$500,000 ,3%s,
due
$100,000
leathers-
1969
to
1973
from
are
dated April
1, 1948. Second high bid of 100.18
$1,500,000
flour
and
and
Printing
Newsprint
Weir
&
Co.,
of
Toronto,
as
re¬
98.81,
a
basis of 3.105%.
■
- a ;•
82
6
90
yyy,; a v.
,
96
67
.
109
96
;
,
a
114
f
161
+ 145
153
/
133
162
+ 134
132
162
160
163
+ 177
*187
191
163
'164
+ 151
160
150
138
157
+85
108
102
157
156
177
179
158
156
a
177
179
•118
1
88
87
a
publishing——
consumption——
+ 151
146
138
134
131
122
products-
+214
+208
'
187
a
148
'
87
87
+ 151
150
133
125
138
114
+ 180.-
+214
t208
+ 180
+ 160
160
142
+ 160
160
142
a
179
171
a
179
171
163
*
171
163
+438
440
410
+438
440
410
+255
255
251
+254
256
250
+ 298
299
266
+298
299
266
+ 436
440
430
+436
440
430
230
247
+223
230
247
+ 162
coal
Gasoline
162
151
+ 162
"
———-;
1
a
By-products
Beehive
•-
Chemicals J_—,
Rayon —
—Industrial chemicals..
—I
v
+ 223
products——
Rubber
Crude
petroleum—^
151
164
173
+ 161
164
173
111
118
+ 112
111
118
+ 167
—
162
+ 161
+ 112
Bituminous coal————----Anthracite —— ———
166
146
+ 167
166
146
117
a
84
81
76
69
155
163
a
Metals
117
—■—--—
————
a
Iton
—-
ore——:
+ Preliminary.
*
Data
not
yet
available
CARLOADINGS
average
155
Livestock
=
100)
155
163
155
183
191
175
192
201
184
132
138
157
132
130
157
84
'——_'
—
Grain
96
123
81
92
118
147
'
————
Miscellaneous
Merchandise,
l.c.l——
+ Revised.
NOTE—To
Federal
153
158
163
137
141
180
192
176
45
60
44
152
Forest products.;——:———
in
171
MINERALS
•
ported in our March 1 issue—v.
167,' p. 992—we learn that the
bonds were sold at
a
price of
about
yy
187
and
Petroleum
Coke
Power
Commission bonds to the syndi¬
cate headed by McLeod, Young,
'
118
(1935-39
Hydro-Electric
67
117
a
tion with the sale of the $35,0C0,-
3%
;,.''
98
89
116
+ 131
Coal
000
130
157
FREIGHT
In
113
128
+ 163
veg.—
and products—
—
Paperboard
Newsprint production———
connec¬
—
112
a
'
(Province of)
Bond Sale Details
a
127
tl51
—
fruits
>
tl34
ONTARIO
Ontario
171
114
*
in¬
1
a
+ 156
Paper
on
April
263
113
101
1.1. »
Meatpacking ——..I—--.I*
Other manufactured foods—
Processed
161
287
a
84
<
.
Vy'
.
leather.'—
lamb
and
131
a
•
113
113
a
and
153
.
116
114r"
128
172
+162
171
;
a
-
263
I
P
*>
+210
.
——
kip
kid
and
Calf
C-oat
Wheat
offered
148
"a
28T-.
—.
Manufactured food products-
$60,000 April 1 from
to
1953
1949
inclusive;
$70,000
from 1954 to 1958 inclusive; $850,-
clusive. The bonds
107
+ 181
—
Abrasive and asbestos
due
33/4s,
126
•142
~
products—
Gypsum and plaster
sealed
1096—was
awarded to a syndicate headed by
A. E. Ames & Co., Dominion Se¬
curities Corp. and Wood, Gundy
& Co., all of Toronto, at a price
of 100.237, a net interest cost of
about 3.61%, as follows: $650,000
167,
184
153
+206
_—
and glass
glass——
203
188
183
+ 184
184
183
+155
+I42
+180
products——-
clay
188
*
r;
,
+184
2—
-
Clay
the pur¬
Bond Sale—The issue of $2,000,-
March
193
206
516:
+285
Transportation
Tanning
bonds'
196
226
223
181
Electric', ———u-w-——
and
a
193
206
518
hearth.—r------
Open
196
226
•
$400,000 sewer bonds.
construction
192
205
'
Rayon deliveries
Wool textiles
Vancouver, B. C.
000
Jan.
Dec.
■
+202
192
a
223
I-
Pig iron
Cosker,
receive
March 25
1947——
Jan.
Jan.
MANUFACTURERS
Cotton consumption-:--—
COLUMBIA
will
Clerk,
Adjustment
1943
—1947—
1948
a
until
Without
Seasonal
a
Dated March
Kimberley, B. C.
Offering—A. D
100)
1
Leather
Bond
;.
PRODUCTION
Adjusted for
Plate
issue
$75,000^000 Treasury bills
BRITISH
:[
' \
yet available.
not
Seasonal Variation
Stone,
an
compiled by
Index
;;• ••
.
(1935-39 average
Lumber
March 11 at
and payrolls
adjustment,
index,- without seasonal
Employment
Smelting
Sold—An
moving averages, centered at
To convert indexes to value
total by $410,269,000,
3-month
on
for 37 Eastern States.
shown
in Federal
Reserve
Chart Book, multiply
residential by $184,137,000 and all other by $226,132,000.
Nonlerrous
Bills
minerals
multiply
manufactures, nondurable manufactures, and
Index, shown in Federal Reserve Chart Book,
by .469, and minerals by .152.
total
figures,
Wilton, Wellington
on
133
223
281
not
by .379, nondurable
Ridgeville in Monroe Counly.
of
150
265
durable
To convert
points in
avoragcc.
"Indexes
Towns
Canada (Dominion of)
275.3
149
NOTE—Production, cavloadings, and department store sales indexes based on daily
the
Treasury
340.0
'
303
local investor.
on
V 314.8
145
Department store stocks, value__
t Preliminary.
399.3
a
i•
282
—
Department store sales, valuo—
$30,000 2%
March 6
(annually
307.3
356.6
a
'
—-
INDUSTRIAL
1) payable at the bank of Sparta,
of Wilton. The district comprises
132.8
■
_
Dated
and
178.0
138.0
■'
v\_
April 1, 1948. Due April 1,
as i follows:
$1,500 from 1949 to
1964
inclusive, and $2,000 from
1965 to 1967 inclusive. Principal
183.9
tl25.9
III
III
—
_
goods.
offered
awarded to
were
t)83.0
133.4
a
1, Wis.
bonds
178.7
137.3
'
goods—-
Nondurable
Eureau.
Wilton Joint School District
152.7
184.0
+ 136.6
_
..
I————
Durable
all
the
of
goods
.
payrolls—
of
includes
158.2
+ 183.6
goods
Total
to
inclusive.
1967
terest
tl56.7
157.9
'
$4,000 from 1949 to 1963 in¬
and
153.4
+ 157.3
-
—
Nondurable
Factory
1, Wis.
—
1_
Durable
Bell, Farrell &
Stebbins, of Madison. Dated April
works
Purchaser to pay for legal
1G4 7
+ 227
production—
Total
;
awarded to
were
March 16 for the
2%
Adjustment
Dec.
Jan.
Jan.
Manufactures—
Total
33/4s and $500,000
Sparta, Wis.
3%s was made by a syndicate
Bond Offering—Harry L. Beckheaded by Fairclough & Co. of To¬
man,
City
Clerk, will
receive ronto.
sealed bids until 10 a.m. (CST) on
000
Seasonal
ln43
-1347—Dec.
+ 192
I"-*,"=-+-ial
High School District
Sale
Bond
for
All
of
000
School
(P. O. Milwaukee),
Bonds
19,000 3s. Due $6,000 on March 1
f
in 1966'and 1967, and $7,000 in
1968.
First
construction bonds offered March
Bid¬
single rate of in¬
a
multiple of y4 of 1%.
Principal and interest (A-O) pay¬
$6,000 from 1962
1965 inclusive.
to
Union
1
No.
City
as
on
March 1 from 1959 to 1961 in¬
♦
Wilton
Fos¬
Dated
.
.
Without
Adjusted for
Jan.
'•'«
all other series.
100 for
=
,
and accrued in¬
as follows:
terest to date of delivery will be
$22,000 2y4s. Due $4,000 on March" considered. The District will fur¬
1 from 1950 to 1952 inclusive,
nish
the
approving opinion of
and $5,000 in 1953 and 1954. ..
Lines,
Spooner & .Quarles, of
39,000
the
and
Michigan Corp.
bids
name
average.===
1935-39 average
■,
Seasonal Variation
100.389
12, 1948 and due June 11, 1948.
March
$270,000
INDEXES
'
April
from 1963 to
cently to Foster & Marshall,'of
Seattle, at a price of 100.122, a
net interest cost of about 2.74%,
20,000 2V2s.
bid of
2.10%, was made
composed of Northern
Co., Chicago, Wisconsin Co.,
Milwaukee
of
receive
of
purchase
follow:
factory employment and payrol's;
100 for construction contracts;
for
100
=
1943
a group
follows:
$10,000 from 1951 to 1956; $15,000
from
1957 to
1962, and $20,000
$100,-
sold
was
the
construction
ders to
Sold—An issue of
will
Clerk,
! 1, 1948. Due April 1,
V
[Wash.
;
.
by
Trust
sealed bids until 8 p.m. on
School District
(P. O. Tacoma),
320
District
ter,
Pierce County
No.
(P. O.
11), Wis.
Offering—Gerrit D.
Bond
check
of the amount bid.
Second high
terest rate of 0.41%.
Milwaukee
Preston,
Thorgrimson & Horowitz, of Se¬
attle, approving the legality of
same.
;
on
net cost of
sold
District
School
The indexes for
time.
same
year ago,
a
$625,000 2s and $362,000 2y4s,
a
(he
voters will
issuance of $18,000
the
Fox Point
with the opinion of
for 5%
'
Lumber
water works bonds.
in an amount suffi¬
cient to pay the principal and in¬
terest of the bonds as the same
sold
1948.
.
consider
BUSINESS
average
1923-25
'
April 1 fiom 19tte
to 1968 inclusive. Dated April 1,
or
issued
The Board's customary summary of busi¬
month and
a
,
1939
Furniture-
mitted to counties without a vote
bonds
2I/4S, due
t "
of the people,
The
January together with
$775,000 2s, due on April 1 from
1950 to 1963 inclusive, and $212,-
for
Business Index
Federal Reserve System
public at the
price of 100.069, a net interest
cost of about 2.08%, as follows:
Wis.
Election—At an election
to be held in April
made
was
of Chicago, and
Ver Meulen & Co., of Racine, at
000
the
Co.,
Boyceville,
nually, within and as a part of the
10-mill lir&itation of taxes per¬
accrue.
&
WISCONSIN
revocably pledged itself to include
in its budget and levy taxes an¬
shall
conditions
ness
and
all bids.
any or
"
'
than
will
bonds
sidered and the Court
bonds ' at par.
the
purchase
at
par
Becker
1,
.$8,000 from 1961 to 1963 inclusive.
The
County * has
reserved 'the
Treasurer's
waukee Co., of Milwaukee, A. G.
clusive
Raleigh County (P. O. Beckley,
West Virginia
Bond
Offering—Harry -Ander¬
and
ployment and payrolls, etc.
11
of
Feb. 26 its monthly indexes of industrial production, factory em¬
p.
National
lows:
WEST VIRGINIA
$1,000. Interest A-O.
April 1, as follows: $6,000
1950 to 1955 inclusive; $7,000
Due
'
y./'v'-;
1948. De¬
nomination
from
Due
as
unmatured and out¬
of the
Governors
group
in inverse numerical order on any
of
Commission¬
2 p.m.
15,
standing bonds of said issue at par
sealed bids until
will receive
all
or
Kitsap County (P. O. Port
Orchard), Wash.
Bond
Offering—The Clerk
$1,000.
15,
follows: $3,000
from 1950 to 1955; $4,000 from
1956 to 1965, and $5,000 from 1966
to 1968, all inclusive. The District
reserves the
right to redeem any
on
WASHINGTON
ers
March
March
Dated
bonds.
Denomination
1948.
of
ance
will
Treasurer,
of
a
Bond Offering—Orland Ivarson,
County
a
Board
1096—were awarded
composed of the First
Bank of Chicago, Mil¬
167,
—v.
improvement and $2,500,000 park
improvement.
$741,000 sewage disposal
plant construction bonds. How¬
ever, various other issues to the
amount of $973,000 were not ap¬
on
$987:C03
building bonds offered March
Monday, March 15, 1948
Federal Reserve January
is
Wisconsin
Sale —The
Bond
gating $6,500,000: $4 000,000 street
an
of
bid
School District
(P. O. Milwaukee),
No. 1
authorized
voters
the
the
of
Whitefish Bay
Seattle, Wash.
19
check for
certified
The
Bonds Voted—At an election on
March
CHRONICLE
required.
Feb. 28.
VERMONT
FINANCIAL
&
156
152
139
147
139
68
74
77
65
71
74
"
convert coal and. miscellaneous
Reserve
Chart Eook,
indexes to points in-.total index, show
multiply coal by ,213 and miscellaneous, by .548.
@FedFRASER