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s. KOHi
V
:
MONDAY
'
'iRAEt
Volume 155
Number 4055
New
York, N. Y., Monday, March 16, 1942
AND
STATE
M/lR.i 6-1947
Price 60 Cents
Copy
a
CITY DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
stated
by A.. E; Fuller, Director
Finance, that these bonds are
self-liquidating,
payable
solely
As of
In This Issue
^
from
Corporation News
State and
revenue,
city
The
city
available
for
able
decision of the lower
The
Exchange
Curb
York
be
State
Supreme Court ruling
Exchange
Details—The $45,000
water revenue bonds sold to
&
at
108.11—v,
price
a
Miscellaneous
$4,000
and
Index Below)
from
$5,000
Cock
:CALIFORNIA
'
Bond
Offering—Sealed bids will
Co. of
Chicago,
155, p.
1, as follows;
to
1952 incl.,
1943
in
1953.
received until 10:30
;?
a.m.
on
mond ), Calif.
lows:
to carry
11
a.m.
on
Kilgrow, City
Auditor, for the purchase of a
$300,000 issue of waterworks sys24, by Ben
not
exceed
to
semi-annually.
4%,
payable
A certified check
•
for
$6,000
bid.
must
v.;--/
Sheffield, Ala.
Bonds
Called —The
refunding
-
the
accompany
bonds
.
following
aggregating
$980,000, were called for payment
on March 1, at the State Bank of
Sheffield: Series A, B, C, D and
:
E, 4%-6%, and Series F, 4%-5%
bonds.. All dated March 1, 1936,
•,
scheduled
■t
to
mature
March
1,
1966.
ARIZONA
Phoenix, Ariz.
Sold—It is reported
Bonds
"
•
^
price of 114.41.
a
:
.
^
Roosevelt Water Conservation Dis¬
trict
'
that
$34,000 fire protection bonds have
been purchased by Refsnes- Ely,
Beck & Co. of Phoenix, as 3%s,
paying
'
'/**./
(P. O. Higley), Ariz.
Bonds Sold to RFC—It is stated
'
f•'
by Ray Killian, Secretary of the
Board of Directors, that $120,000
4% semi-ann. improvement bonds
purchased on Feb. 24 by the
RFC at par.
Dated Jan. 1, 1942.
were
'
Water
Revenues
•
'
•
■
•
(State of)
Show
by
fund,
Sharp
Debt
capita
per
District No.
Reductions—The
(P. O. Rico), Colo.
mated
the
total
of
suburban
bonded
debts
<
Peters,
Writer
Denver.
$1,000
incl.
Prin.
1 in
and
the
>
of taxing bodies from Jan. 1, 1937,
Due to March 1, 1942, are shown be¬
Christensen
May 1, 1940.
Nov.
on
at
&
Dated
int.
1942
to
(M-N)
1951
pay¬
County; Treasurer's
*7.. 7 7\'.,/ :
CONNECTICUT
Increase—Ar~
Stamford
kansas
low:
».
-
'
•
'
'
,'/
1
Total
;"* ; :.
"
Reduction
$45,919,000
5,955,500
31,273,000
39,257,500
Conk
County
..•
19,956,500
Forest Preserve ..;..5,309,000
30,867,000
29,257,500
Education.,
of
Chicago
Sanitary
Park District.,
District
......
.
Total
19,956,500
1,009,000
.,.......$158,955,500 $132,964,500
.
-7
The above table gives effect to
issuance of
new
bonds
as
follows:
$11,285,000 -by the City of Chi¬
cago
which - funded at 3%
an
equal amount of judgments which
had been carrying 5%
interest;
$406,000
by
the /.Park
District
tion of motor vehicle license pay¬ New York, at 0.49%;
Notes are funding previous floating debts of
ments.
Gasoline tax at $1,018,- dated, March 12, 1942.
No other certain of the superseded park
districts; $4,300,000 by the Forest
845 and motor vehicle license at bids were submitted.
Preserve District for land acqui¬
$413,818 produced $1,432,663 for
FLORIDA
sition; $10,000,000 by the Sanitary
credit
to
the highway
fund, a
District
for
additional
sewage
decline of $342,649 from $1,775,Miami, Fla.
Additional
313 collected from these sources
Information
In treatment plant construction.
'
•
'
:
•
—
•
•
1941.. Sales tax was
$646,941 compared to
in February,
listed
at
and cigarette tax pro¬
duced $163,645 compared to $132,$506,356
213.
•
.
,
■
•
connection
with
the
$1,157,000
and
the
Park
bonds
validated
on
Feb.
general
.
1942,
the
Forest Preserve
York,
Y.
N.
6.01%
and
for
5.94%
the
/"
dividend
has
par
1942
to
held
in
the
future
near
is
be
question of issuing $290,000 bonds
to finance purchase of the Illinois
Water Company plant.
the
Sale
Island, III.
Not
settlement
of
The' bond
under
firm
date
unsettled
of
markets."
the
advised
Jan.
market
6
that
city
due
conditions
to
it
would
not be possible to sell re¬
funding bonds for 60 or 90 days
and instructed the City Clerk not
to
complete publication of the
bond
redemption notice.
Bond
of
$145,000
enue
Canceled—The
Sale
swimming
pool
sale
rev¬
bonds to Kneeland & Co. of
Chicago, reported in v. 155, p.
996, was canceled, as the voters
filed
a
petition for
the issue and
a
referendum
appropriation
special election is available,
according to M. T. Rudgren, City
on
for
no
a
COMB AN*
New
York
February 25.
Bond Financing Dropped—The
Village Clerk reports that the
proposal to issue $150,000 refund¬
ing bonds, contracted for by M. B.
p.
Co.
of
Chicago—v. 155,
196, has been dropped due to
war
20,
of
record
R.
FAST,
Sterling,
Co.
of-
$8,000
Chicago
Directors
capital
of
and
this
of
of
have
share on
Corporation
371i2C
stcck.
dividend
capital
Preferred
6,
of
dividend
a
per
They
62/20
stock.
Common
share
per.
Tne
dividends
stock
M.
2%%
on
on
de¬
the
de¬
the
both
payable April
are
1942, bo stockholders of record
business March 17, 1942.
WALLACE
ako
have
at
KEMP,
the
close
Treasurer.
Dated Feb. 1, 1942, and due Feb. 1
as
follows:
$2,000 in 1947 and
Int. F-A.
Cutler of Chicago.
Thayer, III.
Sold—Benjamin Lewis &
Chicago have purchased an
Bonds
Co. of
issue
of
$21,000
bonds.
enue
Denom.
4% water rev¬
Sept. 1, 1941.
on
Sept. 1
Dated
$500.
Due
from 1946 to 1971 incl.
Prin. and
int.
the
(M-S)
payable
at
National Bank of Chicago.
First
These
bonds, in the opinion of counsel,
constitute
a
valid
and
legally
binding obligation of the village,
■/:///;/■■; INDEX
Quotations:
7/7V7 Page
New York
Stock
Exchange./,.. ..1087
New York Curb Exchange........
1097
Other
1101
Stock
Unlisted
Exchanges..........
Securities
1104
.............
State
and City Department:
Proposals and Negotiations
Municipal Bond Sales in Feb.....
Gen. Corpoiation and Invest. News
Annual Report—Borden Co.
Redemption Calls and Sinking
Bond
..
Fund
Notices
Dividends
..
.
.
.
.
.
1114
1112
1076
..
.
1072
1075
..................
.
7
1065
Discount Rates of For. Cent. Banks
1075
Weekly Return of Member
Banks
..
..
.77 .1073-1075
Weekly Return of New York City
Clearing House - .V.......1105
Bankers
Acceptances
1073
New York
Money Rates..
Foreign Exchange Rates..,.........
Foreign Money Rates
The Course of Bank
Clearings.....
1084
Discount Rates of
1075
1073
1073
1075
...........
Course
Bank
Reserve
Banks..
of
of
Steiling Exchange........ 1074
England Statement....... 1105
Non-Ferrous
Metals Market..
.1104
Condition of N. Y. Reserve Bank..
1073
Condition
of
Combined
Fed.
Reserve
Banks:
•
L......
.
1105
Federal Reserve Note Statement
Weekly
Federal
1105
Loans
Reserve
Changes..
1105
1105
1072
1073
East Coast Gas, Oil Stocks.........
Gross and Net Railroad
for
1941
'
;.,......,71074
......
Individually
1106
Earnings
...............
1081
Capital Flotations (February).
Treasury Money Holdings...,.
1109
1111
......
New
Monthly Report
Corporations
on
Governmental
\
....,.......
-7-
1108
V
71103
Federal Receipts and Expenditures 1105
Comparative Fed. Debt Statement 1106
III.
have
of
c.ose
Secretary.
United Shoe Machinery Corporation
Liabilities
Sold—Stokes,
the
at
1942.
Treasury Cash and Current
conditions.
Bohds
1942.
Crude Oil Output
Auction Sales
Skokie, III.
&
of
7'
Thirty
Brokers'
Clerk.'
Vick
*
Treasurer.
Legality approved by Chapman &
Consummated—
security
28th,
close
:
,
$3,000 in 1948 and 1949.
Rock
Bond
Forty
capital
March
LANGLEY,
.
of
March
the
on
of
1942,
on
1942..
'
at
interim
an
at
record
J.
The
Election—It
of
TRANSIT
stockholders
business
Preferred
clared a
election will
an
Company,
(30) Cents per 6hare
been declared on the Capital Stock ($5.00
value) of this Company, payable April 15.
Common
Bond
*
this
declared
Broadway,
/■
A
.
clared
.Harrisburg, III.
Proposed
of
C.
XOKK
26
1942.
the outstanding
18th,
WILLIAM
NEW
of
quarter
on
Park
District,
the Sanitary District
for Cook County and
reported that
March
on
11,
358
Company, payable
to stockholders
District.
6.08% for the City, Board of Edu¬
and
first
share
a
this
NO.
day,
Dis¬
Ratios to actual valuation, on the
basis of a 37%
assessment, are
cation
this
the
for
business
The
compilation of overlapping
obligation bonded debt
24 by the Circuit
the
Court, as noted showed
following
amounts
here, for the construction of a outstanding
for
the
different
city-county charity hospital, it is groups: :
revenue
New
Directors
held
($.40);
County, was placed at $93.80
the city of Chicago, the Board
,
1
Cents
stock of
Education
of
Board
meeting
dividend
of
communities
;
Cook
5,955,500
of-Chicago.....
Board
(City of), Conn.
Note Sale—The issue of
$600,pared to $2,764,977, a year earlier, 000 notes offered March 10—v.
a gain of $10,174 according to the
155, p. 969—were sold as follows:
monthly report of the Arkansas $450,000 maturing Nov. 16, 1942,
to the First National Bank of Bos¬
department of revenue. The total,
however^ was
$1,617,782 lower ton, at 0.69%
discount;
$150,than the figure for January, when 000
maturing
June
19,
1942.
the State received the major por- to the Chase National Bank of
Net
Retired
$57,204,000
City
.The
a
in
;
six
reduction
Broadway,
DIVIDEND
lapping bonded debt, including an
additional $40,000,000 as the esti¬
not
represents more than
Bonds. Sold—A $10,000 issue of 27% of the amount outstanding
4% building bonds is said to have at the start of the period.
been
Debt reductions by the various
purchased
recently
by
1
120
over¬
,
1
special tax collections in
February totaled $2,775,152 com-
vote of 192 "for" to
a
"against,"
office. -.'/-v
ARKANSAS
Defeated—Secre¬
present
The sale of $2,494,000 Centennial
major municipal administrations
Bridge revenue refunding bonds
receiving the
in Cook County effected a net re¬
to Stifel, Nicolaus & Co. of Chi¬
necessary
favorable majority to
duction of $132,964,500 in bonded
carry.
cago, as reported in these columns
debt from Jan. 1, 1937, to March
last November, v. 155, p. 996, was
COLORADO
1, 1942, it is pointed out in a not
consummated, according
to
study of the local taxing bodies Martin T.
Rudgren, City Clerk.
Cortez Union High School District
by The Illinois Company of Chi¬ Earlier in the present
year the
7 (P. O. Cortez), Colo.
cago,
The units had $344,375,250 city had officially rescinded an¬
/.Bond Sale Details—In connec¬
outstanding in' general obligation nouncements
previously
made
tion with the sale of the
$37,000 bonded debt as of March 1, 1942.
with respect to its intention to
(not $27,000).-construction bonds
A total
of $158,955,500
bonds redeem the original bridge rev¬
to
Peters, Writer & Christensen has been retired for each
since the enue obligations on Feb. 1, 1942—
of Denver,, noted here in Novem¬
start of 1937,-or more than 33% of v.
155, p. 353.
In reporting the
ber,:/ it is now stated that the the total bonded debt
outstanding failure to complete the refinanc¬
bonds
were
purchased;: as 3%S, at that time. This reduction does
ing, the-City Clerk stated that
are
dated Aug. 1, 1941, and ma¬
not include the portions of certain the contract with the prospective
ture on Aug. 1 as follows;
$2,000 maturities for which funds were
purchaser, dated Oct. 14, 1941,;
in 1944 to 1951 and
$3,000 in 1952
provided through the sale of re¬ provided that the latter reserved
to
1958.
Prin. V and int../(F-A)
funding bonds.
Except for such the right to withdraw their com¬
payable at the County Treasurer's
refunding bonds, only $25,991,000 mitment
under
the
agreement
QffiCe.
•";*•j1
new- bonds have been issued in "should •
international ■ develop¬
Dolores County Union High School the period. . The $132,964,500 net ments be such as to lead to un167
able
Arkansas
Bonds
Mining Company
11,406,750
March
March
16, for the purchase of $8,840,000
Contra Costa County (P. O. Rich¬
tax anticipation warrants, as fol¬
is
until
27,722,910
.$477.339',7&0 $344,375,250
....
The
Offering—Bids will be
tem extension bonds. Interest rate
received
March
Total
New York & Honduras Rosario
110.688,390
the Forest Preserve District.'
$6,300,000 county corporate
$2,140,000 county highway
tary of Board of Directors Alice fund and
$400,000
against
the
Anderson, states that .at an elec¬ Forest Preserve
District; tax levy.
tion held on Feb. 24, $59,000 Mt.
Six Major Taxing Units Effect
View Water District bonds failed
be
..
County (P. O. Chicago), III.
Warrant
Montgomery, Ala.
of
41,432,000
113,029,700
139,945,890
47,679,410
12,415,750
....
Preserves
and
Bond Sale
970—mature March
Education
$76,918,000
35,476,509
82.162,700
trict, $95.15 for the Sanitary Dis¬
trict and $94.60 for Cook County
Belvidere, III.
4%
of
DIVIDEND NOTICES
Mar. 1. '42
Chicago.........$122,837,000
Chicago Park District...
Sanitary District
Ccolc
County
for
ILLINOIS
Daniel F. Rice
ALABAMA
Beard
of
Unlisted Securities i
-
court.
is anticipated about April 1.
Out-of-Town Listed Markets
(S^e
dis¬
tribution upon affirmation by the
State Supreme Court of the favor¬
QUOTATIONS
New
is
will
City of
Forest
developing a bond
prospectus relating to this issue,
City News
Stock
rela¬
no
tax collections.
nor
which
New York
and have
tionship to the general debt of the
As of
Dec. 31, '36
of
Woolf
&
purchased
refunding
bonds.
Preliminary Fed. Debt (Feb. 28).... 1107
Stock of Money in the Country
(Januarv 31) See "Chronicle" of
March 12, page
....
1039
THE COMMERCIAL & FINANCIAL CHRONICLE
1066
payable solely from revenues de¬
Bona
from
Legality approved by Chapman &
Cutler of Chicago.
Toulon, ill.
Consummated—
Sale Not
Bond
of
2% water
bonds at par to the State Bank
of Toulon, and the First National
Bank of Wyoming, jointly—v. 155,
The
sale
$25,000
586—was not consummated, as
the voters refused to approve the
p.
March 3.
issue at ah election on
Villa
III.
District No. 7,
the
21
;
purchase of either the total issue
of
$300,000
intercepting
sewer
Dated March 15.
Due as fol¬
lows: $1,000 July 1, 1943; $1,000
Jan.
1 and $1,500 July
1 from
1944 to 1949 inch and $1,000 Jan.
1, 1950. Bidder to name one rate
of interest, expressed in a mul¬
tiple of V4 of 1%. Prin. and int.
payablh ht office of the School
The bonds are issued
Treasurer.
or
the
for
"initial
an
155, p./ 743;
Speer &'Sons Co! of Chi¬
C.
for
$300,000 named an in¬
terest rate of 2Vi>% and $325 pre¬
mium, and for $100,000 named a
rate of 2V4% and $2.50 premium;
cago,
Nuveen
&
Co., Chicago,
$300,000 as 2M>s, plus -$4,662.50^
and
$100,000 as 2V2S, plus/$1,554.40; First National Bank of
Chicago and Fletcher Trust Co,
John
bonds
an
certified
his
at
own
of
2%
to-order
payable
bonds,
of the
Treasurer
A
expense.
for
check
School
the
of the
City, is
-
tained from the WPA in the
struction .of
con¬
the
project/';:?
and $15,000 rev¬
Bond
Offering
John. Delph,
Bonds
Sold—The
city, subse¬
Denoms. $1,000
will > receive quently accepted the joint bid/of
and $500/' Due Jan. 1 as follows! Coupty .7 Auditor,sealed bids until
10 a.m.
(War the First National Bank-of' Chi¬
$500
from
1943 to 1958-incl/,
! $1,000, 1959 to 1964 incl. and $2,- Time) on March 17 for the pur¬ cago and the Fletcher Trust. Cd
chase
of $40,500 not to exceed
of
; 000 from 1965 to
1967 inch
Prin.
Indianapolis,
to ; purchase
a
4%
interest State highway
aid block of $100,000 bonds,: to. ma¬
and
int.
(J-J)
payable at the
bonds.
Dated April 1, 1942, £ One
■i American National Bank & Trust
ture: in 20 years, as *214s,: plus:a
bond for $500, others $1,000 each.
premium of $800, equal to 100.80*
Co., Chicago. :; Legality approved
Due as follows: $4,000 July
zV'Hi
-'y
/'V;
'
*'''
l!
by Chapman & Cutler of Chicago.
revenue
"
refunding.
enue
,
,
"
.
•
July 1
from 1944 to 1947 incl. and $4,500
July 1, 1948. Bidder to name one
rate of interest, expressed
in a
multiple of 14 of 1%. A certified
1943;
INDIANA
School City,
Anderson
Bond
Ind.
r
Illegal—Ar¬
Ruled
Issue
Campbell, Superintendent of
of Trustees,
reports
thur
'
the " Board
the
that
at Muncie
Court
Circuit
the
that
ruled
bonds,
improvement
$142,000
mentioned
issue of
proposed
last
columns
these
in
August, was illegal.
V
(P. O. LaPorte), Ind.
Offering—Lauren Arndt,
.
check
for
Jan.
of
3%
and
1
bonds
the
bid
for, payable to order of the Board
of
County Commissioners, is re¬
Legal opinion of Matson,
Ross, McCord & Ice of Indianap¬
quired.
olis will be furnished the
ful
Township School Township
Center
$4,000
bidder,
success¬
Bonds will be deliv¬
ered within 20
days after date of
sale.
Bond
•
Muncie, Ind.
Trustee, will receive sealed bids
Warrant
until 7:30 p.m. (CWT) on March
Offering — John
30 for the purchase of $48,000 not Lewis, City Controller, will
4%-%
exceed
bonds of 1942.
school
interest
Dated Jan. 1, 1942
Denom.
$1,000.
follows:
$3,000 from 1943 to 1950
from 1951 to 1956
inch and $4,000
inch
Bidder to
July
Due
name a
1
as
single rate
of
interest, expressed in a mul¬
tiple of % of 1%. Int. J-J. Prin.
and
int.
payable at the First Na¬
Co., LaPorte,
tional Bank & Trust
from unlimited
levied
all
on
the school
ad valorem taxes
taxable
property in
township, excluding all
property within any incorporated
cities
the
Issued subject to
towns.
or
favorable
Chapman
which
&
be
will
of the
expense
"and
legal opinion of
Cutler of Chicago,
all
bids
tioned.
furnished
at
successful
bidder
shall
Bidder
be
will
condi¬
so
also
the
be
re-
'
quired
at
furnish
to
his
own
printed
bonds
A certified
expense.
sealed
ceive
(CWT)
bids
March 23 for the pur¬
on
rants will be dated
of
mature June 30,
delivery and
1942.
Denoms.
of the date
as
requested
loans
as
purchaser.
The
(P.
O.
Goshen),
Ind.
Bond Offering—H. P.
Sisterhen,
receive
sealed bids until 1 p.m. on April
30 for the purchase of $24,000 not
to exceed 3% interest refunding
bonds.
Dated
May
15,
1942.
County
Auditor,
Denom. $500.
15
to
a
and
Due $1,500 on May
Nov.
inch
1950
single
will
15
rate
of
1943
from
Bidder
to
office.
in
interest,
or
for less than par and accrued
terest
to
ex¬
bids
in¬
date of
considered.
approving
opinion of Matson, Ross, McCord
&
Ice, of Indianapolis, will be
furnished to the purchaser at the
expense
of the
bids
tional
or
the par value
No condi¬
city.
bids
for
less
event
received
will
sale
to
on
than
of the warrants bid
In the
will be considered.
satisfactory bids
on,
are
not
the date of sale, the
from day
be continued
day thereafter.
Township School Township
(P. O. Crown Point), Ind.
.
delivery will be
The bonds are issued
Bond
Offering
Holmes,
sealed bids until
Harry A.
will
receive
—
Trustee,
10:30
•
•
,
will
collected
all the taxable
property there¬
opinion pf Matson,
Ross, McCord & Ice of Indianap¬
on
in.
Legal
olis will be furnished the success¬
ful
bidder.
Bonds will
be
ready
A certi¬
building addition bonds.
April
1,
1942.
Denom.
Bidder
to
a
single
rate of interest, expressed in a
multiple of y4 of 1%.
Int. J-J.
A
name
certified check for
bid,
-
payable' to
2%
order
of the
of
the
Township Trustee, is required.
for delivery on May 15.
The approving
legal opinion of
fied check for 3% of the bonds Matson, Ross, McCord & Ice of
bid for, payable to order of the Indianapolis will be furnished at
Board of County Commisssioners, the expense of the school town¬
is required.
ship.
*
'
340,000
24,000
64,000
180,000
36,000
36,000
2:00 a.m.
425,000
30.000
80,000 V 225,000
45,000
45.000
—..Mar. 27—10:30 a. m.
425,000
30,000
80,000
45,000 " 45,000
—..Mar. 26-
Ida
Lyon
340,000
24,000
64,000
425,000
30,000
80,000
2:00 p. m.
-326,000
30.000
80,000
„„__Mar. 31—10:30 a. m.
:_„__Mar, 31—2:00 p. m.
425,000
425,000
30.000
.30,000
80,000
80,000
1.;—-Mar, 27— 2:00 p. m.
Calhoun
Mar. 30—10:30 a.m.
—
^1,
Sioux
225,000
.--.Mar. 30—
180,000
36.000«,
36,000
225.000
45,000
45.000
216,000
,
225.000
.
225,000
.
45,000
45,000
45,000
45,000
.Certified check. 3 % of the issue.
All bonds dated May 1, 1942, with semi-annual
interest payable May 1 and Nov. 1. :- Bidder to furnish blank bonds,
County to furnish
approving opinion by Chapman & Cutler, Chicago. 111.
County's financial statement
'and tax collection record from the County. Treasurer.
/
.
/
-/
,
County (P. O. Des
Polk
Wichita,Kan.^
Moines),
1
Bond
Treas¬
Offering—Sealed bids will
be; received until
7:30
p.m.
on
will
offer for sale at public auction on
March 16,/by E. S. Worrell, Director of Finance, for the pur-
Iowa /
Offering—County
Bond
J.
urer
•
states> he
Baillie
F.
.
of
$188,482
paving
and
March 19, at 10 a.m., an issue of chase
$99,000 /'coupon
funding">' bonds. sewer/bonds. Dated; March 1,
Interest rate is not to exceed .5%, 1942.-Due on March 1* $ 18,482 in
payable / M-N.
Denom.
$1,000 1943, $18,000 in 1944, and $19,000
Dated'; March
Due
1,/1942.
in 1945 to 1952..
on
"V
Nov, 1/as follows: $50,000"in 1949,(//Interest rate is not to exceed 5%,
$25,000 in. 1950, arid' $24,000 in payable
and int. pay1951.
Genefal obligations of the able at the fiscal agepcy,!Topekp.
*
Details—It vis
Sale
.
now
by
received
be
until
10:30 .a.m.
The warrant
becomes ef¬
measure
fective May 31—90 days after
Legislature
/v
adjourns
restricting
$500,000 /
was
after //Kentucky's,/
debt,
»
;
-
The,:/measure
rants; to
the
regular
its
/
session.
.war¬
adopted
/which
totaled/about
$26,000,000 a few
ago; had been slashed to
years
about
$495,000.
The; streamlined
-
..
;
statutes
are
the work of the Statutes Revision
labored al¬
check for Commission, which
most four years to> rephrase and
to the County
simplify State law. The Commis¬
Treasurer is required.
sion also deleted obsolete statutes
(This notice supersedes the of¬
of y4 of i%..
V "
and duplications.
*
fering ! report; given
here
on
The
purchaser must agree to
March 9—v. 155, p. 970.)
Magoffin County (P. 0{^ Salyersfurnish the blank bonds and the
/
burg), Ky.
'■
county will furnish the approv¬
Sheldon, Iowa
better, for all of the bonds
bearing the same interest rate,
such interest rate to be a multiple
or
A
Treasurer.
certified
.
payable
$3,000;
.
'
ing opinion of Chapman & Cutler
of Chicago, and all bids must be
so conditioned.
A certified check
drawn
on
a
'State - or: national
Additional
Information
The
Clerk
bonds
of the
above
states that $29,000 airport bonds refunding
were
purchased on March 6 by county now being exchanged for
the Carleton D. Beh Co. of Des outstanding bonds, as reported in
/ Bonds
Sold—The
City
issue
—
of
March 2, are in the
$150,000, mature in, 40
years, subject to redemption and
carry 3^% interest from Dec. 1,
bank and
our
the
amount of
payable to the order of Moines,: as 2s, at a price
of
Treasurer
for V an 101.068."~
'
amount
equal/..to
3%;'of/the
Whitten, Iowa
amount of bonds offered, must be
Price
Paid—The
Town
Clerk
furnished by bidders, this amount
County:
forfeited
be
to
to
the
bidder
successful
the
county by
should
he
states
that
tem bonds
the
$3,000 water sys¬
sold to Jackley & Co.
1941. "The
outstanding road and
bridge bonds aggregated $142,000,
$24,000 of which is matured and
of Des Moines—v.
155, p. 970—: in addition thereto some $8,^00
were purchased as 21/£s, at a price
interest was unpaid and in de¬
when ready.- /: In,
of 101.00, a basis of about 2.37%; fault - as of Jan.
,1„ 1941.
These
order to assure competitive1 bid¬
fail
take
to
the
up
bonds
on
a
and pay for any
_
uniform and impartial
basis, sealed bids should be sub¬
mitted on bidding blanks which
Ames.
ad valorem
and
Vista—Mar. 26-—10:30 a. m.
Buena
Sac
March
incl.
levied
1947
.
City,
be
1946
"
$1,000.
Due as follows: $3,000
July 15, 1942, and $3,000 Jan. 15
and July
15 from 1943 to 1953
to
194J5
.
Dated
able out of unlimited
1944
The. bonds: will be ready for" de- Bell County (P. Q. Pineville), Ky.
the County Auditor
Jivery. on the day- that the final | . Road >r. Bond ; Refunding
Pro$50,000 semi-ann; bonds
approving opinion of the legality1 gresses—The 'Kentucky Counties
sold as 4s, as noted here—v. 155,
of the issue has been secured from Bondholders'
Committee
reports
kp. 970—were purchased at par by
Chapman & Cutler of Chicago., that the holders of 86% of all the
Shaw, McDermott & Sparks of Such
opinion will be /paid for by f outstanding
$594,000
road
and
Des Moines, as follows:
the county.
The bonds do not bridge bonds have consented to
$6,500 Upper Soldier Drainage have the
privilege of registration j the plan under which they are
District No. 1 bonds.
Due
as to principal and interest. Taxes I receiving refunding bonds of 1941,
on
Dec. 1; $1,500 in 1942/to
will
be * levied
in a sufficient series A.
v
1944 and $2,000 in 1945.;^ /
amount to pay both principal and
Kentucky (State ofJ
37,000 Soldier Valley; Drainage. interest at maturity. No default
District bonds.
Due en -Dec,
Governor Approves Curb
On
•has ever been made in - the pay¬
1; $9,000 in 1942 to 1944 and ment of
Press
principal or interest on Warrants—An/ Associated
:' $10,000 in ;T945,\.W
JL
dispatch
f r o m / Frankfort
on
any bonds of the county and no
6,500 Uppep Soldier / Drainage litigation is pending or threatened March 5 reported in part as fol¬
lows:
Bills limiting the
i District No. 2 bonds//Due on
State's
regarding this issue/ The county
!// Dec. 1; $1,500 in 1942 to . 1944 will
warrant indebtedness to $500,000
operate within its income on
and $2,000 in 1945.
and revising Kentucky's statutes
*
•
all funds except court expense in
were signed today by Gov. Keen
Humboldt County (P.f O./ Dakota 1942. The legal debt limit of the
Johnson.
://
' '• "
county is $10,754,440 based upon
/ V;;// City), loWa
The latter bill carried a special
the valuation Z of 1941, the last
Bond ' Offering—Sealed /- bidsclause making it effective Oct. 1.
made under the laws of the State.
15, 1942, and are
the obligations of the county, pay¬
taxes
T943
Issue
Hour
■'
.
Shown)—~—f
the
that
to refund a similar amount of debt
maturing May
1
reported
(War
on April 4 for the purchase
$69,000 not to exceed 4% in-" ding
terest
(May 1 of Year
•,
Bond
of
a.m.
Time)
of
Schedule of Maturities
*
,
Ross
a
No conditional bid
and the in¬
The
thereon.
;!;
IOWA
on
name
multiple of xk of
1%. -Prin. and int. (M-N) pay¬
able
at
the County Treasurer's
pressed
by
appro¬
terest
are
pay¬
bounty which will furnislf and pay i This issue is offered subject to
tor. the printing of the bonds. De~1 rejection by;' the - State School
Harrison County Drainage) District* livery to the -successful bidder in Fund.
jthe County Treasurer's office and!
ucuTiirifv
(P% O. Logan), Iowa, ^
Sail, bids should be so' continued.
ntNTuenr
*
•,
are
to the pay¬
priated and pledged
and
./v//;' .'V
;/,/
Amount of
Bidders if they so desire may mail
25; by' R//E. Bennett/
a' sealed bid, or make a bid by
County Treasurer, for the purrbeing made for the- purpose of
chase of $340,000 primary, road telegraph to the County! Treas¬
securing funds to meet current
urer up to 10 a.m. on the day of
refunding bonds.
After the re¬
operating
expenses
which
are
sale, and if the bid is accom¬
ceipt of all sealed bids, open bids
payable out of said three funds
will be considered.
Dated May 1, panied by the required check or
respectively prior to the collec¬
protected in a corresponding man¬
1942.
Due on May 1: $24,000 in
tion of taxes in the year 1942.
ner by telegraph, the bid will be
The warrants are payable out of 1943; $64,000 in 1944; $180,000 in
opened at the hour of /sale, or
1945; $36,000 in 1946; and $36,000
taxes theretofore levied and now
during; the progress of the sale,
in 1947.
'
/ '/v
in course of collection for each of
Bids
should
be made on the publicly read; and will be con¬
said funds, a
sufficient amount
sidered as a bid by the County
basis of par and accrued interest,
of which taxes has been
the
ment of the warrants
County
4%
interest temporary loan warrants,
consisting of $80,000 general fund.
$10,000 park fund and $9,000 fire¬
men's pension fund. '" The war¬
check for $1,000, payable to order
Elkhart
re¬
a.m.
chase of $99,000 not to exceed
of the
Trustee, is required.
D.
10
until
bonds
.
.
to
t
the
delivery
of
county
a
—
Purchaser will be
on
when
for
ment."',: ; /:/:.///■■/;/■
-
Day
■County—
cessful bidder.
printed
bank
available
Treasurer
,
through
or
Humboldt'J——Mar. 25—10:30 a. m. $340,000 $24,000 $64,000 $180,000 $36,000 $36,000
Pocahontas
_Mar. 25— 2:00 p. m.
340,000
24,000
64,000
180,000
36,000
36.000
Osceola
the
•
.
Time of Sale
Cherokee
.......
$5,000
!
•*
as
furnish
County
Highway Commission at Ames:
State
of
to
seat
the
Primary Road Refunding Bond Offerings Scheduled by Counties
furnished the suc¬
Indianapolis, jointly,' $300,000
2%s, plus $2,400, and $100,000
as 214s, plus $800; A. C. Allyn &
Co.,
Inc., " Chicago,
$300,000 as
2%s, plus $2,277, and $100,000 as
234s, plus $759.
0
/*
The
City Council" decided / to
delay action on .the bids pending
more detailed information on the
amount of help that can be/ob¬
county
.—-The following report on primary road refunding bond issue sales
scheduled for various Iowa counties was issued on March 4 by the
be
to
of
said
//; ;'/•/■ //£'//-Iowa (State of
of $100,000—v.
block
H.
bonds
24
fice
road purposes!
the primary
road refunding bonds will be re¬
quired to accept delivery and pay
for the proposed bonds at the of¬
issued for primary
The ; purchaser
of
the favorable opinion
& Cutler, of Chicago,
subject
of Chapman
t
VT
'
Lewis required.
& Co. of Chicago purchased $20,Madison County (P. O. Anderson),
000 4% water bonds, consisting of
Ind.: :
Bonds
construction
$500.
Denom.
1942/
Feb.
received
were
building bonds.
election
Willisville, III.
Sold—Benjamin
William
—
.
required
;
$9,000 construction bonds.
issue of
Jones, Secretary of the Board of
Trustees, will receive sealed bids
until 7:30 p.m. (CWT) on March
25
for the purchase of $20,000
voters authorized
Bonds Voted—At an
Feb.
Bids For Bond issue—Four bids
Offering
which will
Consolidated School
Ridge
Whiting, Ind.
H.
the 'operation
of the
water works system and are is¬
sued in conjunction with a pro¬
posed issue of $2,600 general obli¬
gation water bonds, together with
a
Federal grant from the WPA.
City, Ind.
School
Logansport
rived
Monday, March 16, 1942
may
State
made
Due
.incl.
on
in
v.
1945
/-.
•
Russell, Kan.
to
1954
^V!;•■'.'/> ;■
-
from
-
open
bids
final acceptance thereof, they will
be reduced to writing on one of
20-cent
y;;vy • /
-
.
Maturity^-The City Clerk states
county
voted
ing bonds
tion
at
order
are
par
of
interest and
are
from .the, special
levy. The ' refund¬
subject to redemp¬
interest in the
and
their
-■
numbers
on -
any
interest paying date., In accepting
the plan, bondholders, will waive
of
City National. Bank & Trust Co.
Kansas City, and Brooks-Mil-
Jan.
applicable
reserved to reject any op
said
solely
that the $85,000 semi-ann.' hospi¬
tal construction bonds-sold to the
Inc.,-of Wichita, jointly,.»at
blanks.; :The right is
all bids.: 100.05, as noted here on Jan. 31,
are due as follows:
$4,000 on Feb.
The proposed bonds are to be
issued for the purpose of retiring and Aug. 1, 1942, $4,500 on Feb.
and refunding as of May 1,-1942, and Aug. 1, 1943, $4,000, Feb. and
Aug.. 1, 1944, etc., up to Aug, 1,
a like principal: amount of bonds
said bidding
of
bonds carried 5%
payable
burn.
are" to be
condition that • before J a
All
Nov.. 1
kansas /;
-Dakota
Iowa, and from the;Iowa
Highway
Commission / at
be4 obtained
on
VJ•///:.//;;/
now
outstanding,
1951.
interest
into
of
accruing
for
1, 1941, to Dec*
a
the
the
period
J, 1941.: The
revenues are
to be paid
sinking fund in the custody
Sfate
Local. Finance
Offi¬
of
Kentucky and the bond
order provides that annually after
the payment of interest and the
cer
reservation of any amount deemed
Volume 155
advisable
Number 4055
for
surplus will
bonds
in
that
THE COMMERCIAL & FINANCIAL CHRONICLE
:
the
purpose,
used for calling
numerical order.
be
their
Legality of the bonds to be
ap¬
proved by Chapman & Cutler of
Chicago.
v
a-V;: '/•;■/
^
1067
Nashville R. R., second high bidder, named a rate Davis & Co. of Chicago.
Dated
March 2, 1942, and due March
■
Mtg., Ser. E, 3%s. of 0.61%.
as
follows:
Note
v
Offering—John J. Mur¬ 2003.:
$4,000 in 1945 and
Williamstown, Mass.
1946; $5,000, 1947 to 1952 incl.;
phy, County Treasurer, will re¬
Louisville,
Henderson
&
St.
Bond Sale—The $3.15,000 water
ceive sealed bids until noon on Louis Ry. First 5s, 1946.
$7,000, 1953 to 1957 incl., and $8,.
bonds
offered
March
10
were
000 from 1958 to I960 incl. Call¬
March 18, for the purchase at dis¬
Railroad Equipment Trusts
awarded to the First Boston Corp.,
count of $250,000 notes issued in
able} if necessary in inverse nu¬
As of Feb. 26, 1942.
New York, as l%s, at a price of
merical
order, on any interest
anticipation of taxes for the cur¬
Atlantic Coast Line R. R. Co.
100.673, a basis of about 1.69%.
rent year.
payment date on and after Sept.
Dated March 19, 1942,
Equip. Trust, Ser. F (Serially) Dated April
1, 1942.
Denom.
and payable Nov. 9, 1942. Notes
1, 1942, at par and accrued inter¬
$1,000.Due April 1 as follows:
2%s, 1952.
will be authenticated as to gen¬
est, plus a premium of 5%, on 30
Equip. Trust, Ser. G (Serially) $11,000 from 1943 to 1957 incl. and
uineness and validity by the First
days' published notice.
\
2s 1950. :
$10,000 from 1958 to 1972 incl.
National Bank of Boston, under
Lincoln Park, Mich.
Equip. Trust, Ser. H (Serially) Prin. and int. payable at the Mer¬
advice of Ropes, Gray, Best, Cool¬
Tenders
Wanted
John
M.
chants National Bank of Boston.
2%s,: 1951.
idge & Rugg of Boston. They will
Legality
approved - by
Storey, O'Connor, City Clerk, will receive
Chesapeake and Ohio Ry. Co.
be delivered on or about March
sealed tenders of 1935 certificates
Equip. Trust of 1942 (Serially) Thorndike, Palmer1 & Dodge of
19 at the
aforementioned bank,
of indebtedness, series A, B and C,
Boston.
Other bids:
l%s, 1952.
for Boston funds.
Bidder
until 8 p.m. (EWT), on March 23.
Int. Rate Rate Bid
/
Nashville, Chattanooga & St.
Haniman Ripley & Co., Inc.,
Amounts on hand in the various
Haverhill, Mass. 'V
Kidder, Feabody & Co. and
Louis Ry. en.
100.325
Bond Sale—The issue of $210,Graham, Parsons & Co
1%%
sinking funds as of March 1, 1942,
Equip. Trust, Ser. C (Serially) Harris Trust & Savs. Bank.. 1K%
100.138
are
as
follows:
Series A, $4,000 coupon municipal relief bonds
Coifin
& Burr,
and Shields
21/4S, 1952.
& Co.
•.../ 1%%
100.129
offered March 5 was awarded to
967.92; series B, $2,537.16; series
: \ Equip,
iTrust, Ser. D (Serially) Haisey, Stuart & Co., Inc.,
Tyler & Co. of Boston, as 1%'s,
and E. H. Rollins & Sons..
100.819
C, $11,210.97. Offerings should be
2%
2%s, 1951. >
Estabrook & Co., R. L. Day
at
firm for five days and fully de-*
par.
Dated \ March
1, 1942.
:
& Co. and Whiting, Weeks
Southern Ry. Co.
Denom. $1,000.
scribe the certificates, including
&
Stubbs
100.641
Due , $21,000 on
:
2%
102
v
2*4 %.
Equip. Trust, Ser. BB (Serially) Tyler & Co.
March 1 from 1943 to 1952 incl.
numbers,
par
value
and
the
4s 1943
Prin. and int. (M-S) payable at
Worcester County (P. O. Worces¬ amount for which they will be
<Equip. Trust, Ser. CC (Serially)
the National Shawmut Bank of
sold to the city.
ter), Mass.
'
Boston.
Legality
approved
by 41/2S, 1944.
Note Sale—The issue of $700,Owosso School District, Mich.
Equip. Trust, Ser. DD (Serially) 000 current
Storey,
Thorndike,
Palmer
&
year tax anticipation
Debt
Reduction
Continued—
*
4
notes offered March 6 w^s award¬
Dodge of Boston. Other bids: - - 2s, 1949. *
The
Board
of
Education
an¬
ft Equip. Trust, Ser. GG (Serially)
Bidder—
Int. Rate Rate Bid
ed to the First Boston Corp., New
nounced its intention to redeem
Harris Trust & Savings Bank
1%%
101.07
1%'s, 1950.
York, at; 0.40% discount, plus a in cash the
Halsey, Stuart & Co., Inc...
l3,i»%
100.488
$30,000 school bonds
v Equip.
Trust, Ser. HH (Serially)
Hampden
Louisville
Spring¬
County (P. O.
field ), Mass. \
First
&.
••
Ref.
&
-
..
...
•
-
LOUISIANA
.
Acadia Parish, Fourth Ward Subroad District No. 6 (P. O.
■
1
Crowley), La.
Bond
Sale
;
,
Details—The
Secre¬
tary of the Police Jury now states
the $50,000 semi-ann. public
improvement bonds sold to the
Equitable
Securities 5 Corp.
of
that
Nashville,
at
100.102, as noted
here on Jan. 17, were purchased
as
follows:
$25,000 as 3^s, due
en Feb. 1; $1,000 in 1943 to 1955,
and $2,000 in 1956 to 1961, the re¬
maining $25,000 as 3V4S, due on
Feb. 1; $2,000 in 1962 to 1969, and
$3,000 in 1970 to 1972.
Interest
payable F-A.
St. Landry Parish
(P. O.
Opelousas), La.
Bond Election—The Police Jury
scheduled
an
election
for
.
has
April 28
of
the proposed issuance
on
$100,000 not to exceed 4% air¬
purchase bonds. Due in 15
port
—
'
—
.
,
1
.
years.
•
MARYLAND
Free
above
County (P. O.
minster), Md.
of
State
of
000
—
only
Maryland
The
one
and
in
one
in the entire National
which has
-
100.10
l%s, 1950. ;
/ Equip.
Trust, Ser.
Sale—The issue of $500,2s, 1951.
Mass.
V"
premium of $25.. Dated March 6,
1942, and payable Nov. 16, 1942,
■
bonded
debt
its
on
Second
Boston.
cated
was
awarded
,
the Manufac¬
to
Bank
National
turers-Central
National
Notes
as
will
be
Bank
of
authenti¬
to genuineness and
of
Other bids:
National Bank of Boston. 0.574%;
(Pennsylvania Railroad Co.)
Security
Trust
Co.
of
Lynn,
books.
The. Board of Commis¬
Allegheny Valley Ry. Gen. 4s,
0.58%; Leavitt & Co., 0.586%; 1942. Matured
sioners
March 1, 1942. •
recently fixed
the
tax
Day Trust Co. of Boston, 0.597%.
rate at 90 cents per $100 of as¬
Millbury, Mass. '
sessed valuation.
The latter fig¬
Marblehead, Mass.
Note Sale—The issue of $10Q,ure
is $41,981,262
Note
Offering -7- Clarence
E.
and includes
000 revenue notes offered March 4
real and personal property, auto¬ Chapman, Town Treasurer, will
was
no
the
at
offered March
notes
revenue
-
(Serially)
/ /
Removed From the List
valid¬
Municipal Obligations—City of ity by the aforementioned bank,
Warwick, R. I.; City of Durham, under / advice of Ropes, Gray,
Lynn, at 0.478% discount. Dated N. C.
Best, Coolidge & Rugg of Boston.
Nov. 13, 1942.
Other bids: First
Railroad Bonds
11
Indebtedness
county is the
of the few
West¬
i%%
Boston
Lynn,
Note
Carroll
the
oi
Nat'l Shawmut Bk.
Bidder—
Discount
'
Second
mobile
and
business
receive
wealth.
bids
sealed
until
11
awarded
a.m.
to
the
March
•
,
of
Boston
0.40%
0.437%
0.46%
0.52%
0.58%
MICHIGAN
Clinton
1
Wanted
Prince
—
,Drewry, Township Secretary, will
receive sealed
tenders of
certifi¬
cates of indebtedness until 8 p.m.
March 25.
is
available
such
The
for
sum
the
total
school
ent indebtedness.
Township
Tenders
,on
the
lower
of $1,000
debt
to
$290,000, which compares with the
peak of $820,000 which obtained
in 1928. According to the regular
schedule of repayments, another
eight years will be required to
complete liquidation of the pres¬
School District
10, Macomb County, Mich.
No.
of
discount
Bank
& Co....
Merchants National Bank of Boston..,.
National Shawmut Bank of Boston
First National Bank of Boston
Merchants
National Bank of Boston, at 0.50%
17, for the purchase at
discount. Due Nov. 27, 1942. ;
$200,000 notes, due
Nov. 30, ? 1942.
u New Bedford,Mass.
Denoms. to suit
r
Andover, Mass.
Note Sale—The issue of $600,the purchaser. Issued in anticipa¬
Note Offering—Thaxter Eaton,
tion of revenue for the year 1942. 000 revenue anticipation notes of
Town Treasurer, will receive bids
The notes will be payable at the 1942 offered March 5 was award¬
Until 11:30 a.m. on March 16, for
Merchants National Bank of Bos¬ ed to the National Shawmut Bank
the purchase at discount of $125,ton, and will be certified as to of Boston, the only bidder, at
000 notes, dated March 16, 1942,
their genuineness by the Director 0.67%
interest - to - follow basis.
and due Nov. 6, 1942.
Issued in of
Accounts, Department of Cor¬ Dated March 5, 1942, and payable
anticipation of revenue for the
Nov. 9,
porations and Taxation.
\
1942.
Legal opinion of
year 1942.
Delivery on or about
Storey, v Thorndike,
Palmer
&
Massachusetts (State of)
March 21, when certified.
Legal Investment List Revisions Dodge of Boston.
Brockton, Mass.
—The following bulletin (No. 4),
Newburyport, Mass.
Bond Sale—The $75,000 coupon
showing the latest changes in the v Bond Sale—The $5,000 coupon
on
MASSACHUSETTS
National
Tyler
.
on March 15, thus
continuing a record of not only
prompt payment of maturing in¬
debtedness,
but
also
of
never
resorting to refinancing in order
to meet a maturity.
The March
payment, it was stated, would
which matured
•
Roseville, Mich.
Tenders
XJtt,
Wanted
tenders of 1937
William
—
Clerk,
Village
will
E.
receive
certificates of in¬
debtedness until 5 p.m. (EWT),-on
April
A
13.
of
sum
$10,000
is
available for the exercise of such
purchase of tenders, which shall fully describe
certificates.
certificates
the
and
state
the
price for which they will be sold
Township School District
to the village.
No. 9 (P. O. Ecorse), Mich.
Ecorse
!-.
Tenders Wanted—Lewis E. Mer-
ritt,
District
ceive
sealed
Secretary,
tenders
of
will
1937
re¬
St. Clair Shores, Mich.
and
Bonds
Certificates
re¬
funding bonds, series A and B,
dated Sept. 1, 1937, until 7:30 p.m.
bonds
offered
March
5
were
list
of
investments
considered defense loan bonds offered March (EWT), on-March 24.
Amount
awarded to Halsey, Stuart & Co.,
legal for savings banks, was is¬ 10—v. 155, p. 971—were awarded available in the sinking fund for
Inc.,
New
York,
as
1Y2S,
at sued
by
the
Commissioner
of to Charles S. Butler, of
the purchase of such bonds is $8,Boston,
100.147, a basis of about 1.47%. Banks on March 2:
as
;,
v
iy4s, at a price of 100.05, a 070.98. Offerings should be firm
>
chased—In
for
call
connection
tenders
on
Fur**
with
March
the
3
of
.
-
,
Sale
consisted
$50,000
and
drainage
surface
sewer
:
of:
Added to the List of Dec. 1, 1941
Municipal
loan bonds of 1942. Due
Obligations
—
basis of about 1.23%. Dated March
of 1, 1942, and due $1,000 on March 1
from 1943 to 1947 incl. Identical
As
Feb.
on
March 1 from 1943
,
Railroad
incl.
All
the
of
bonds
As
dated
are
Feb.
of
„
bids of 100.113 for IV2S were-sub¬
.
Bonds
26,
1942.
Bangor
$1,000.
Fully registerable. Prin. and int.
(M-S) payable at the National
1942.
1,
Shawmut
bonds
Bank
Denom.
of
taxation
exempt from
are
The
Boston.
in Massachusetts and will be en¬
under the supervision of
and certified as to their genuine¬
ness by the aforementioned bank.
Legal opinion
of Ropes, Gray,
Best, Coolidge & Rugg of Boston.
graved
Other bids for the bonds
were
as
follows:
Rate Bid
Int. Rate
Bidder—
V/2%
Coffin
Nat'l
Home
&
Corp....
Burr
Shawmut Bit.
Nat'l Bk.
of
Boston
of Brockton.
100.133
1%%
.
100.40
1%%
1%%
100.13
1^4%
100.02
100.048
Gardner, Mass.
<
Note
000
Sale—The issue
notes
offered
Aroostook R. R. Co.
First 5s,
Great
1943.
Northern
>
V
v
Railway
Gen.
Co.
relief- bonds of¬
fered March 10—v. 155, p. 971—
;
were awarded to Goldman, Sachs
& Co., New York, as DAs, at a
"
price of 100.833, a basis of about
1.09%. Dated March 1, 1942, and
due $16,000 on March 1 from 1943
pon
of
March
$225,-
10
was
securities
offered,
in¬
municipal
100.79; Second National Bank of
Boston, 100.75; Shields & Co. and
Bond, Judge & Co., 100.70; Coffin
& Burr, 100.63; Harris Trust &
Savings Bank, 100.629; Naumkeag
Trust Co., Salem, 100.50; R. W.
Pressprich & Co., 100.35; Halsey,
Stuart & Co., Inc., 100.21.
>
Louisville
Newport
&
&
Nashville R. R, Co.
Cincinnati" Bridge
Co. General 4lk s, 1945.
v-: .
Atlanta, Knoxyille & Northern
Ry. First Consolidated As, 2002.
Louisville & Nashville' R* R.,
Atlantaj- Knoxville
4s, 1955.
&
Gin." Div.
449.75
certificates
at
an
average
price of 76.27, and $5,000 series A
bonds at a price of 89 and interest.
cluding
Ypsilanti, Mich.
Bond
Election—At
the
election the voters will
authorize
to
an
issue
April 6
be
of
asked
$36,000
police building construction bonds.
The
bonds
would
mature
in
18
District Secretary, announces the
interest at not
exceed 3% and subject to call
call
six months' notice either in writ¬
for redemption
1942, at
par
Mtg., Ser. B, 51/2S, 1952.
Gen. Mtg., Ser. C, 5s, 1973.
Gen. Mtg., Ser. D, 4%s, 1976.
Gen. Mtg., Ser. E, 4V2S, 1977.
Gen. Mtg., Ser. G, 4s, 1946.:;
Gen. Mtg., Ser. H, 4s, 1946.
Merchants National Bank of Sa¬
Gen. Mtg., Ser. I, 3%s, 1967. ;
Ferndale, Mich.
Salomon Bros. &
Collateral Trust
(Serially) 4s, lem, 100.61;
Tenders Accepted—City Man¬
Hutzler, 100.15; (for l^s) First
1951.
ager Jay Gibbs reports that as a
Boston Corp., 100.88; Tyler & Co.,
Collateral Trust
(Serially) 4s,
1952.
refunding bonds, Matthew Carey,
refunding agent, Detroit, reports
that the; village purchased $36,~
their
on April 15,
and accrued interest,
of
the
following
bonds
dated
April 15, 1936, and subject to call
on
any
interest payment date:
Nos. 3, 4, 5, and 6. Bonds should
to v1952
incl.
Other bids:
(fo£ be delivered for redemption to
iy4s) Arthur Perry & Co., 100.705; the Detroit Trust Co., Detroit.
_
Tyler & Co. and Robt. Hawkins & Co
First
Boston
&
the
—
-
-
March
scribe
series, serial
numbers,
par value and the amount
mitted by the First & Ocean Na¬ for which they will be sold to the
tional Bank, Newburyport, and district.
Tyler & Co. of Boston.
Farmington Township School Dis¬
trict No. 6, Oakland County, Mich.
Salem, Mass.
Bond
Call
Fred
Bond Sale—The $160,000 cou¬
Wilkinson,
26, 1942, County of Aroos¬
took, Me.; Town of Manchester,
to 1952 incl.
Conn.;
County
of
Merrimack,
25,000 defense loan bonds, Act
N. H.; County of Orleans, N. Y.;
of
1941.
Due
$5,000
on
.
March
1 from 1943 to 1947 City of Syracuse, N. Y.
$5,000
for two days and should fully de¬
interest refunding certificates and
.result of the call for tenders on
March 2 of series A, B, C and D
certificates
of
indebtedness—v.
.
155, p. p. 876, the city purchased
$10,322.74 certificates at prices
ranging from 86 to 90.
Bond Election—At
election
the April
ing
on
or
6
by publication.
to
on
Due $2,000
June 1 from 1943 to 1960 incl.
MINNESOTA
St. Louis Park, Minn.
Certificate
Sale — The
$9,000
water main certificates of indebt¬
edness offered for sale
9—v.
to
155,
the
p.
on
March
972—were awarded
Northwestern
National
Bank & Trust Co. of
Minneapolis,
as
2%s at par, according to the
Village Clerk.
Dated March 15,
1942.
Due
1944 to
Sale
street
Harbor Beach, Mich.
bear
years,
$1,000 from March 15,
1952 incl.
of
Orders
—
improvement
orders offered
876—were
on
The
$3,000
semi-ann.
March 2—v. 155,
purchased
by the
an
issue
Due
of $30,000 street im¬ above bank as 2V2S at par.
Louisville & Nashville R. .R.,
Note Sale—The Issue of $100,0.35% interestprovement bonds.
$1,000 on Dec. 1 in 1943 to 1945.
to-follow. basis. Dated March 12, First & Ref. Mtg., Ser. B, 5s, 2003. 000 revenue notes offered March
Louisville & Nashville R. R.; 10—v. 155, p.>876—was awarded
Sleepy Eye, Minn.
Inkster,- Mich.
1942, and due $75,000 on Aug. 3
Bond Election—It is stated by
Bond Sale—The $97,000 coupon
and $150,000 on Nov. 5, 1942. The First & Ref. Mtg., Ser. C: 4%s, 1 to the Second •National Bank of
S. Jensen, City Recorder,
Second National Bank of Boston, 2003.
supply
system
revenue Jens
Boston,' at 0.469% discount.' Dated water
;
;
Louisville & Nashville R. R,v March 18, 1942, and due on Dec. rbonds offered March 10—v. 155, that at the regular city election
next highest bidder, named a rate
First & Ref. Mtg., Ser. D, 4s, 2003. 18, 1942.v The - Ware Trust / Co., p. 972—were awarded to Welsh, on April 7, an issue of $50,000 not
of 0.387%.
awarded to the National Shawmut
"
:■
;
•'
Ware, Mass.
the
voters
will
consider
p.
.
Bank of Boston, at
•
.
.
.
Commercial Jmd Financial Chronicle (Reg. TJ. S. Patent Office) •William-B.-Dana Company, Publishers, 25 Spruce Street, New York,: BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher:
Frederick W. Jones,. Managing Editor; William Dana Seibert; President; William D.^ Riggs, Business Manager.
Published twice a-week [every Thursday (general news and advertising issue)
with a statistical issue on Monday].
Other offices: Chicago—In charge of Fred H. Gray; Western Representative, Field Building (Telephone State 0613), London—Edwards & Smith, 1 Drapers*
Garden^, London, E.C.
Copyright 1942 by William B. Dana Company. - Reentered as rseeond-class-matter February 25, 1942, at the: post office at New York, N. Y., under the Act of March 3, 1879,
"Subscriptions in" United States and Possessions, $26.00 per yearrin-Dominion of Canada,; $27.50 per year;- South and' Central AmericarrSpain; Mexico and Cuba, $29,50 per year; Great' Britain,.Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year. NOTE: On. account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and adver¬
tisements must be made in New York funds.
•
.
I
>»>■•-.—•-•1^» j. •«• <W»
..... f
.«■
y,-,—,..
, M
THE COMMERCIAL & FINANCIAL CHRONICLE
1068
21A% municipal hos¬ lic Service properties were-pur¬
construction bonds is to ^be chased were unfavorable, an as¬
:;..
exceeding
pital
submitted to the voters.
,.
i
•
,
sertion
,-
1"
'
.
established,
nicipal ownership be
the
Cleveland, Miss. '
Sold—Dorothy N.
state
the
Wil¬
logical
be
wholesale
would
still
agency
of
source
it was said.
*
The district has acquired
Cape May> N. J.
"
Bonds
000
3V2%
refunding
hurst, jointly,
have
$15,000 3%
sewerage
extension
vicinity, the only privately owned
bonds, for a premium of $47.59,
electric utility
in the' state.
A
equal to 100.31, a basis of about
number of communities
already
2.95%.
Dated
Jan. O,
1941.
owned their electric distributing
Denom. $1,000.
Due $1,000 from
Jan. • 1, 1943
to 1957.
Legality systems. Two small towns have
negotiated purchases of their local
approved by Charles & Trauersystems from the state agency.
nicht, of St. Louis.
The purchase price of the West¬
.
v-VV'J
Columbus, Miss.
Public Service company prop¬
ern
0 Bonds Sold—It is reported that erties bought Jan. 2 was $6,967,'
• •
$16,465.25 2% semi-ann. funding 926.
bonds have, been purchased at par
Johnstown, Neb.pPPpP'
Additional Details—In connec-
Co. of Columbus.
Dated March ; 1,. 1942. £ Due on
March 1 as follows: $4,465.25 in
&
Cady
by
nection with
2% and
the $19,900
2%% refunding bonds exchanged
1943 and $3,000 in 1944 to 1947.
school bonds offered for sale
ann.
March 3—v.
purchased
155,
Due
County
the
at
int.
and
Prin.
order.
payable
(A-O)
March 1
on
any
numerical
Dated
Orleans.
New
1, 1942.
on
&
Hattier
Treasurer's office.
Dated
Dec,
1,
1941
Portsmouth,
East
School
Consolidated
Prairie
No.
$22,000, 1942; $24,1944; $10,000,
$30,000, 1947;
1949; $39,000,
$30,000, 1952;
$28,000, 1953; $39,000, 1954; $37,000, 1955; $44,000, 1956; $29,000,
1957; $47,000, 1958 and 1959; $54,000, 1960; $-33,000, 1961; $65,000,
1962; $46,000, 1963; $63,000, 1964;
$78,000 in 1965 and $60,000 in
1966.
Interest J-Dr Legality ap¬
proved by Hawkins, Delafield &
Longfellow of New York City,; £
.
Essex
County
yw-p:
(P.
N.
5
Bonds Authorized—The
of
Board
passed
Freeholders
final
on
$26,000
City
The
—
—
is
said
scheduled
have
to
order
have
to
to
water and
March
system.
sewerage
adopted
2,
ernment
the
local
Gov¬
district, which has been in partial
default
total
interest
for
The district
of
principal and
of
number
a
years.
originally estab¬
lished during the first World War
under a Capital Issues certificate,
was
montana
Shelby, Mont.
Voted—At
Bonds
Feb.
on
the
the
28,
election
voters
ap¬
proved by wide margins the issu¬
ance of the following bonds: $24,330 refunding, $5,000 city
and:
$5,000
fire
hall
airport,
building
bonds.
nebraska
Consumers
(P.
Loss
Public
Units
of
which
trict,
formed
in
Power
District
Columbus), Neb.
O.
Faced—This
is
dis¬
'State agency
to purchase and
a
1933
pon
the distribut¬
Sale—The
improvemeht
March
offered
11—v.
155,
awarded
876—were
p.
*
Other
operating their local distribu¬
themselves. They are
Sidney, which voted 623 to 110
in favor of the action, and Bridge¬
bids:
Goldman,
M.
Stuart
Halsey.
National
35.
but has not set
These
Julius
simi¬
a
date.
communities
Eoland
ster
election,
B.
J.
contend
on
which the Western Pub¬
Co.,
of
100.161
1.70%
100.119
Inc...
•
Blair
yer,
L.
100.153
100.10
Monell & Co., H. B.
&
and
Co.
Dougherty
Allen
&
A.
Web¬
& Co
& Co., Inc;,
& Co. .......
and Col& Co
1.90%
100.143
2%..
100,26
...
Inc.,
Co.,
Robinson
Rippel
100.279
1.90%
Pell
Van Ingen
<fe
Par
Wo
Wo
Rippel,. Inc
&
100.059
Palisades
Ripley & Co., Inc.
and.Dolphin
—•
H.
terms
&
Bank
A.
Minsch,
ahd Ogal-
an
1.70%
Co
1.70%
Milliken
Kearney and Scotts
on
&
Park
Harriman
decided
100.229
&
Freeman
M.
Rate Bid
1.60%
1.60 %
Savings Bk..
Sachs & Co..
Trust
Harris
where the vote was 270 to
has
int. Rate
Bidder—
tion systems
Bluff will vote April 7
Grillo,
V.
1962
to
1964
incl., and
pur¬
the
deposit accompanying his bid
v; '
willvbe returned.
.
.
of the
A certified check for 2%
bonds,^Nos. 376 to 425, to¬
Dated Feb. 1,
Denom.
on
$1,000.
Due
1 from
19-32
Nov.
1966 incl.
to
City will be furnished the
income received by private hold¬
from bonds of the same type
ers
and character shall be taxable
the
terms
tax
mond, of New-'York City, will, be
furnished the. successful bidder.
in
ment—Income from sale of about
112
acres
of
Port
Newark
prop¬
sale
a
devoted
be
must
Some
retirement.
to
of
his
tract
of any
the successful bidder
at his election, be relieved
may,
^Newark, N. J.\l".;^:
Property Sale For Debt. Retire¬
obligations under the
to
purchase
such
West
next
the sale
of
112
acres
will
be
de¬
con¬
bonds
deposit
and
accom-
Wildwood, N. J.
Sold—The Borough Clerk
Bonds
reports that Bailey,, Dwyer & Co.
of
Jersey
City,
purchased
the
refunding bonds de¬
$141,000 4%
scribed
these
in
columns
18, page 645.
Oct.
on
.
WestHeld, N. J.
Proposed Bond Issue—The town
is
considering
$32,250 storm
City Hall
reduce
to
the
the
case
the
sewer
issuance
of
bonds.
new york
observers had believed the money
might be used
year's tax levy.
by
Federal income
law*
bonds offered, payable to order of
the County Treasurer, is required.
Legal opinion of Caldwell & Ray¬
'
success¬
Auburn, N. Y.
Bond Offering—E. H. Blumrick,
City
Comptroller,
will
receive
bids
sealed
Time)
chase
6%
until
11
(War
a.m.
March 20 for the
on
of
$150,000
not
pur¬
exceed
to
interest
coupon or registered
bonds.
Dated Feb. 1,
1942.
Denom. $1,000.
Due Feb. 1
as
follows: $10,000 in 1943 and
refunding
1944;* $30,000,
1945; s $40,000
in
1946 and $60,000 in 1947.
Bidder
to name a single rate of interest
expressed in
1/ 10th
of
multiple of %
a
1%.
and
Prin.
or
int.
payable at the City Bank
(F-A)
Farmers
City.
Trust
Co., New
opinion
of
Legal
York
Reed,
Hoyt, Washburn & Clay of New
City will be furnished the
values.
York
Oaklyn, N. J.
Bond
Offering
—
Walter
W.
Cook, Borough Clerk, will receive
sealed bids until 8 p.m.
March 25 for the
bidder.
successful
(EWT)
on
purchase of $16,-
{
000 not to exceed 6% interest
cou¬
The bonds will be redeemed at
the principal amount
interest
accrued
certified
A
check for $3,000, payable to order
of the city, is required.
The city
is authorized and
to
required by law
all of its taxable
property such ad valorem taxes
as
may be necessary to pay the
levy
upon
to
&
Co.
Co
,
Monmouth County (P. O. Free¬
hold), N. J.
Bond Offering—Haydn Proctor,
Treasurer,
County
sealed
on
bids
March
until
18
11
for the
will
a.m.
and
J.
2%
100.11
S.
27c
100.07
Offering
—
Howard
L.
bonds.
Dated March
Denom. $1,000.
Due
March 15 as follows: $20,000 from
1942.
incl.; $25,000, 1947 to
$27,000 in 1951 and
$30,000 from 1952 to 1956 incl.
Bidder to name a single rate of
not to exceed
pon
or
4^%
interest
registered bonds,
as
from
unlimited
ad
val¬
at its very source.
Clayton, Cape Vincent, Brownville,
Lyme and Orleans Central
fol¬
cou¬
School
lows:
Dated
March
1,
Each
proposal
N.
1942.
must
state
District
No.
1
(P. O. Clayton),
$175,000 sewer bonds of 1941,
36,000 library bonds.
Denom.
$1,000. Due March 1 as follows:
$16,000 in 1943; $15,000, 1944 to
1949 incl.; $10,000, 1950 to 1959
interest, expressed in a multiple
Bidder to
of 1/4 or 1/10 of 1%. Purchaser to incl. and $5,000 in 1960.
name a single rate of interest, ex¬
pay acerued interest from date of
the bonds to date of payment of pressed in a multiple of V4 or
the purchase price. Prin. and int. 1/10 of 1%. Prin. and int. (M-S)
National
(M-S)
payable at the County payable at the First
Treasurer's office. The bonds are Bank, Paterson, or at the First
general obligations of the county, National Bank, New York City.
incl.;
payable
declared that free
starts with the mu¬
nicipality and must not be stifled
provement
1950
Comptroller
government
purchase of
Clerk of the Board of
Finance, will receive sealed bids
until 10:30 a.m. (EWT) on March
19 for the purchase of $175,000
pality
(EWT)
$357,000 not to exceed 6% interest
coupon or registered general im¬
15,
-
Urging that every munici¬
take similar
action, the
sions.;
Paterson, N.J.
Bond
both outstanding and future emis¬
receive Bristow,
1943 to 1946
to
lar elections.
to
panying his bid will be returned.
cou¬
to Wood,
Struthers & Co. of New York, as
l%s, at a price of 100.13, a basis
Service company.
of about 1.48%.
Dated March 1,
Two of the 11 major towns for¬
1942, and due March 1 as follows:
merly served by Western Public
$10,000 in 1943; $15,000 from 1944
Service have voted to institute
to 1951 incl. and $14,000 in 1952.
condemnation suits with a view
At least three others plan
contract
the
under
announces
taling- $50,000.
I
$144,000
registered
or
bonds
of the Nebraska
properties of the Western Public
purchase
port
Water
sack), N. J.
ing systems it acquired in its re¬
cent
from
1937.
Bond
Nebraska, faces possible loss of a
part of
tions
chase the bonds and in such case
the call termined in condemnation pro¬
for payment on May 1, 1942, of the ceedings now under way in Fed¬
following 4%% refunding bonds: eral Court. The Navy has posted
General bonds, Nos. 1676 to 1902. a check for $675,000. Newark will
totaling $227,000. Dated Feb. base its demand on an appraisal
1, 1937. Denom. $1,000. Due being made by Charles L. Kra¬
Nov.
1
as
follows:
$60,000 mer, an expert on Port Newark
$10,000
operate electric power systems in
substantial
Call—George
Bond
-
granted to essential projects.
held
ful bidder. In the event that prior
to the delivery of the bonds the
was unnecessary
Borough Clerk,
Legal opinion of Hawkins, Dela¬
Longfellow of New York
acted, the purchaser may, at his
election, be relieved of his obliga¬
Price said Newark has millions
the
•paujmoj aq him piq siq gunCued
pon
or
registered improvement
thereof and bonds.
Dated
April
1,
1942. bonds and interest
thereon, with¬
May l, 1942, Denom.
$1,000. Due $1,000 on out
limitation
as
to
rate
or
but without premium and on that
April 1 from 1943 to 1958 incl. amount.
date there will become due and Bidder to name a
single rate of
said approval being given with be payable on said bonds
(on interest, expressed in a multiple
Buffalo, N. Y.
the understanding that this action presentation and surrender with of
Blanket Refunding Still Pend¬
y4 or 1/10 of 1%. Prin. and int.
supersedes the approval hereto¬ all appurtenant coupons due on (A-O) payable at the
Oaklyn Na¬ ing—Frank M. Davis, City Comp¬
fore given to the following claim: or after Nov. 1, 1942 attached) at tional
Bank, Oaklyn. Each pro¬ troller, states in the current issue
'Schlater, Gardner & Co., Inc., or the Peoples Bank of Hawthorne, posal must state the amount bid of the "Buffalo News Letter" that
Townsend Wainwright, $5,000.00, or at the Irving Trust Co., New for the
so-called
"Chase
Plan
of
bonds, which shall be not the
and all actions heretofore taken York.
less than $16,000 nor more than Blanket Refunding" is still on the
to the contrary be and the same
$17,000.
A certified check for table of the Common Council.
Hightstown, N.J.
are hereby rescinded, and
«
The State Comptroller, he added,
Bond Offering—George P. Den¬ $320, payable to the order of the
"Be it further resolved that the
has thus far neither approved nor
nis, Borough Clerk, will sell at borough, is required. The approv¬
action of the Commission taken
disapproved the plan.
The plan
private sale at 8 p.m. on April 7 ing legal opinion of Hawkins, Del¬
at its meeting of Dec. 29, 1941 re¬
in question was submitted by the
an
issue of $6,500 not to exceed afield & Longfellow of New York
quiring that a general release of
Chase
National
Bank
and
pro¬
3% interest coupon or registered City will be furnished the success¬
all claims be secured, be and the
vides for the refinancing of ap¬
fire engine bonds. Dated April 1, ful bidder. In the event that prior
same
is hereby modified to the
1942.
Denom. $500. Due $500 in to the delivery of the bonds the proximately $22,000,000 of funded
extent that the city shall receive
debt
maturing
in
subsequent
1943 and $1,500 from 1944 to 1947 income received by private hold¬
suitable receipts in the case of all
incl. Interest A-O. Prin. and int. ers from bonds of the same type years.—v. 154, p. 1580.
other claimants, and in the case
Mr. Davis further notes that at
payable
at the First
National and character shall be taxable by
of Schlater, Gardner & Co., Inc.
the terms of any Federal income the instance of his department,
Bank, Hightstown.
the
aforementioned general re¬
tax
law, the successful bidder the Common Council adopted a
.'•* (This
issue was originally of¬
leases shall be filed with the city,
resolution
in opposition to
the
fered on Nov. 4 and the sale post¬ may, at his election, be relieved
and copies thereof subsequently
Government's
of his obligations under the con¬ Federal
program
poned due to delay in delivery
filed with this Commission."
of the apparatus to be purchased. tract to purchase the bonds and designed to permit Federal taxa¬
in such case the deposit accom¬ tion of State and municipal bonds,
Bergen County ,(P. O. Hacken- —V. 154, p. 997.) - ' '/,
Com¬
&
that
$4,220, payable
city, is required,
the
field &
projected
in outstanding bonds incurred for
at this
of
Port
Newark
Original proposal called for improvement
property. The city also owes $1,a refunding issue of about $130,000, which was subsequently re¬ 400,000 to the Government on the
old Army base which it. bought
duced to $60,000.
for $2,000,000.
Hawthorne, N. J.
What Newark will realize on
the
constituting
Board,
proval being conditioned upon the
releases
executed
by
pany, 418 Olive Street, St. Louis, general
Missouri, who also are original Schlater, Gardner & Co., Inc., and
bondholders and creditors of this Wainwrignt, Ramsey & Lancaster,
Bowman
to
Board's action
of
order
type and character shall be
taxable by the terms of any Fed¬
eral income tax law hereafter en¬
same
time.
claim for
Schlater, Gardner & Co., Inc., in
the amount of $10,345.40, said ap¬
addresses, with amounts and
maturities,
The
officials
refunding
Funding Commission hereby con¬
requested to forward their names
to
debt
receipt of advices from
.
certified check for
prior to the delivery of the
pri¬
vate holders from- bonds of the
improve¬
formal
all
accrued interest to date of
payment of the purchase price. A
pay
bonds the income received by
heretofore taken with regard to a
rescinding
for the bonds, which
amount bid
shall be not less than $211,000 nor
more than $212,000.
Purchaser to
that
such
sents to and approves a
of bonds of the above district are
ordi¬
an
about March 27. In the event
or
$47,000 iiv 1965.
that
"Resolved
and Wayne Counties, Mo.
Notice to Bondholders—Holders
on
action
and
resolution:
Mingo Drainage District, Stoddard
and
the Funding
meeting " on
the following
Board, constituting
Commission,
at
a
$200,000 revenue
enlarge the municipal
Claim—
Government
Local
State
The
the voters pass on
Approves
Board
State
of
issuance
bonds
a
March 24 in
County
recently
reading
issue
to'
nance
local
H.
N.
Authorized
Bonds
(P.
special election for
Newark),
O.
j.'<^:yypyy:y:y4
<on
from.• the
be; ^obtained
to
County Treasurer. Bonds will be
delivered to the successful bidder
s
followed
O. East
Council recently voted
to issue
Prairie), Mo.
$60,000 bonds to finance the city's
Bonds
Sold
The
Municipal
share
of
an
• $80,861
defense
Bond Corp. of Alton, is said to
sewerage project for which the
have purchased $6,000 41/2% semiFederal Government will provide
ann. refunding bonds. Dated May.
a
grant of $23,555. ■
1, 1941,
new jersey
Lebanon, Mo.
M. Bond Election—The City Coun¬
Asbury Park, N. J.
District
lala
and due Dec.
follows:
as
indebtedness.
new hampshire
missouri
or
men¬
proposal of the borough to refund
in 1943 to 1962.
,;
bonds
155, p. 355—have been
exchanged with Bailey, Dwyer &
Co. of Jersey City, and Associates.
desired
taxes.- Bids? are
forms
erty to the Navy Department will
holders, as noted ment bonds,be used toward retiring the port
876—it is stated
debt, it was disclosed March 9.
Clerk that,; the PppP'] Garwood, N.
E. K. Price, representative of
Oct. 1, 1941,. and
Refunding Plan Dropped—The
Local Government Commissioner
on Oct. 1, 1961.
Optional Local Government Board recently
Walter Darby, said income from
interest payment date, in adopted a resolution cancelling
mature
876—were
p.
White,
by
of
Sanford
March
the
$997,-
v.
with the original
Pascagoula Rural Separate School here—v. 155, p.
District (P. O. Pascagoula), Miss.
by the Village
Bond Sale—The $65,000 semi- bonds are dated
cil
-
15 pri¬ 000, 1943, $20,000,
utility
companies,
leaving 1945; $31,000, 1946;
Nebraska Power company, which $35,000 in 1948 and
purchased
serves
Omaha
and
immediate 1950; $21,000, 1951;
Hickman, Inc., of Vicksburg, and
vate
the Max T. Allen Co., of Hazle-
on
orem.
Exchanged—The
-
tioned in
1
power,
City Clerk, states that J. G.
son,
emphatically denied - by
Should the mu¬
.
district officials.
i
Mississippi
Bonds
'
■
^
Monday, March 16, 1942
the
Bond
Y.
Offering—H.
E.
Reed,
District
Clerk, will receive sealed
bids
until
10
a.m.
(EWT)
on
March 17 for the purchase of $28,000 not to exceed 6% interest cou¬
pon
or
Dated
registered school bonds.
1,. 1942.
Denom.
March
$1,000.
Due $2,000 on March 1
from 1943 to 1956 incl.
Bidder to
pressed
single rate of interest, ex¬
in a multiple of V4 or
l/10th
of
name a
1%.
Prin.
and
int.
1069
Bonds Defeated—At the
same
payable at the First Na¬ City, which will certify as to the
Exchange * Bank,; Clayton, genuineness of the signatures and time the voters rejected proposals
New York exchange.
The the seal impressed thereon. Legal to-j issue
various> improvement
•bonds are/ general obligations of opinion of Caldwell & Raymond bonds aggregating $208,000.
.•/
(M-S)
tional
terable as to principal alone; de[Clark County (P. O. Springfield),
livery on or about April 2, at\ f
"/.■ ,
Ohio
v
place of purchaser's choice. There }>* Bond Sale—The following bond
*
.
with
will
be
4
:the
district,- payable from unlim¬
ited taxes.1 A certified check for
New
of
nished
York
the
City
will
be- 'fur¬
bidder.
successful
In
separate bid for each issue
(not less than par and accrued
.
relieved *f his obliga¬
tions under the contract to pur¬
chase the bonds and in such case
private holders from bonds of the tion, be
type and character shall be
taxable by the terms of any Fed¬
eral income tax law, the success¬
ful bidder may, at his election, be
relieved of his obligations under
the contract to purchase the bonds
and in such case the deposit ac¬
companying his bid will be re¬
same
turned.
>
Housing
rBill
.
* *
;
N*
Y.
and
By
Governor—
-
for
obli¬
of
as
1942,
for
Tifft
the
bill
establishment
agency and
providing
the
of
revenue
bills at
rate.
They are
$60,000,000
0.50%
interest
Bidders
the
the
1942.
I-; -'
;
Oswego, N. Y.
Offering—Robert
Bond
fering to
.
the
registered school bonds offered
March
10—v.
155, p. 973—were
awarded to Halsey, Stuart & Co.,
Inc., New York, as 2s, at a price
of 100.188, a basis of about 1.97%.
Dated
March
1, 1942, and due
March
1, as follows:
$8,000 in
1943 and 1944; $7,000 from 1945
to 1952 incl., and $5,000 from 1953
1957
to
incl.
offered
yield
the
The
bankers
bonds
from
at
0.60%
to
Int. Rate
Manufacturers
Co.
Traders
&
re
-
to
2.10%, ac¬
Other bids:
cording to maturity.
Bidder—
prices
Rate Bid
Tr.
requested to name
rate, not exceeding
the
until
bids
3
p.m.
bonds, divided as follows: :
$57,000 home relief bonds.
Due
March 1, as follows:
$5,000
from 1943 to 1945 incl., and
certified check upon
rated bank
All
of
March
to
the
1,
will
bonds
hlip (P.O. Islip), N. Y.
'
Sale—The $75,000 coupon
registered bonds offered March
110—v. 155, p. 973—were awarded
Bond
or
du Pont &
Co.
and
W
1/ 10th
or
rates may
issues,
of
-
1 %.
Different
be bid for the separate
but
in
.
such
of
all
event
Prin.
rate.
same
int.
and
from unlimited ad
all
upon
in.
taxable
The
under
taxes
be
received
the
supervision
of
dated
are
March 1,1942.
Reoffered at prices
yield from 0.70% to 1.80%, ac¬
to
Bidder—
•
R.
Salcmcn
Bros.
Hutzler.,.;
&
Manufacturers
Co
Co..
......
.
..
000
.
&
1C0.07100.059
100.279
1.90%
and
Co.
&
Rochelle, N.
Sale—The
100.15
\
1.90%
Co...........
New
Bond
13,4%
H4%13.4%
Traders Tr.
&
'
Sherwood
100.14
1C0.08
1.99%
•
Childs
F.
C.
Co...........
100.149
Y.
issue
of $200,-
registered refund¬
ing, bonds offered March 12 was
awarded to;R.rW, Pressprich &
coupon
or
-Co. and
Phelps, Fenn & Co., both
of New
York, jointly, as 2.10s, at
a
price of 100.10, a basis of about
2.09%.* The bankers reoffered the
bonds,
to^ yield
from
2.20%,
accordingto
-maturity." *7*- 'v
* '"C
prices
at'
-
,0.50%:* to
dated * Feb. T5,
The "bonds" are
•
,1942.
on
Denom. $1,000."Due $10,0.00
1943 to-1962 incl.
Feb. 15 from
Prin: and
int.
(F-A)
furnished
payable
at
the
City Treasurer's office, but
•interest will, at the request of the
registered owner; be remitted by
obligations of1
general
are
successful
In the event that
livery
of
received
the
bonds of the
shall
acter
bidder.
Due
be
of any
the
Mitchell,
City, will be furnished
purchaser.
In
the
Bonds
the
bonds
by
offered
bidder
prior to
the
bonds
same
terms of
be
the
income
outstanding
bonds
at
to
type and char¬
the
water
1943
to
at his
election, be relieved of his
obligations under the contract to
purchase the bonds and in such
the
case
deposit
accompanying
his bid will be returned, ~
Butte,
may,
Bonds
and
par
the
Chase
accrued
by Har¬
Election—We
that
approved
March
on
$19,000,
May 1,
voters
election
an
24,
to
the
at
New
upon
all
Notes
presentation and surrender,
with
Alliance,
tached.
1942.
unmatured
Interest
•
ceases
••.'.
Sale—The
on
Trustees
at¬
par.
due
any
C.
$11,000
Sinking Fund
recently purchased $33,-
semi-
as 2s, at
1942, and
1, 1944.
Callable on
interest payment date.
Dated
1,
March
Ansonia
refunding bonds offered for
Bonds
March 10—v. 155, p. 974—
awarded to R. S. Dickson &
000 school
on
March
School District,
Sold—The
thorized at
issue
Ohio
of
$15,-
construction bonds
Denom.
$1,000.
Due
$36,000 from
1966 incl., and $37,000 in
follows:
as
may
interest, expressed
in
of
multiples
bonds
of
law
name
of
of
dif¬
a
1%.
The
issued under authority
are
and
thorized
ordinance, and
the!: voters at
by
au¬
the
November, 1930, general election.
owner,
bonds
coupon
exchanged
as
At the request
amount.
or
the
for
may
bonds
regis¬
principal and interest.
Coupon bonds also may be regis¬
tered
to
as
tered
to
as
thereafter
bearer.
-
principal
be
Prin.
'
only
and
transferable
and
to
int.
(A-O)
payable at the Irving Trust Co.,
New York City.
Conditional bids
-
will not be considered and
will
be
on
blank form furnished
a
entertained
plication
by
the
Legal
nance.
no
unless
on
ap¬
of
Fi¬
Director
opinion
bid
made
of
Squire,
Sanders & Dempsey of Cleveland
will
be
furnished
at
on
his
own
the
successful
expense.
br about April 13 at
De¬
any
ill.' the City of Cleveland
designated by the successful bid¬
der, or at a bank agreed upon by
the
purchasers and Director of
Finance.
1%
of
A
the
certified
amount
of
check
for
bonds
bid
for, payable to order of the City
Treasurer, is required.
Clinton
au¬
election in January
an
dis¬
April
sewage
Dated
bank
300 delinquent tax notes
May 1,
•
.
Try on, N.
Bond
coupons
of
coupon
rate
livery
Ohio
Sold—The
on
Bidder
bidder
OHIO
Due Nov. 1,
1953. Said bonds will be redeemed
were
submit
held
$15,000 airport
construction bonds, in connection
with a Government project.
Dated Nov. 1, 1933.
ann.
to
be
issue of
an
York.
sale
understand
to
noon
purchase
the
ferent
be
Dak.
Sold—The
that the City Commission recently
refunding
Bank,
'
;
1967.
of
Dickinson, N. D.
interest,
National
1
,
Payable from taxes unlimited
DAKOTA
N.
for
4%
1942.
to rate
NORTH
Bond
of
amount
;
system bonds.
1,
par.
called for payment on
are
taxable
by the
Federal income tax?
any
all
posal
Oct.
the
Kennedy,!; Town Clerk,
26,
1,
by private holders from
bonds of the same type and char¬
acter
shall
be
taxable
by
the
terms of any Federal income t&x
law, the successful bidder may,
Sanford, N. C.
vey
at
receive sealed bids until
received
bid will be returned.
Bond Call—It is stated
for
improvement
the same time,
Cleveland, Ohio
/
delivery of the bonds the income
Federal income tax
successful
bids
street
rejected.
were
incl.
Sold—All
$24,550
current
1, 1942.
1, as follows: $2,*1947, " and ' $2,000
in
Not
$901,000
that
event
type and char¬
taxable
the
Jan.
on
April
287.34
of
start
year
March
the
trust company, pay%
same
shall
prior to the de¬
by private holders from
County
(P. O.
ton), Ohio
Bonded
Debt
of
Wilming¬
Entire
County
Co. of Charlotte, at a price of has been sold to the State Teach¬
the suc¬
—Total indebtedness of all county
100.108; a net interest cost of ers Retirement System.
cessful bidder may, at his elec~;
subdivisions increased from $793,about 3.86%, on the bonds as fol¬
tion, be relieved/ of his obliga¬
Ashland, Ohio
998.13 on Dec. 31, 1940, to
lows:
$822,$6,000 as 4s, due $2,000 on
tions under the contract to pur¬
Bond Sale—The $10,000 sewage 191.37 on Dec.
31, 1941, according
Dec. 1 in 1952 to 1954; the re¬
chase the bonds and in such case
treatment
plant
improvement to the annual report of County
maining $5,000 as 33As, due on
the deposit accompanying his bid;
bonds offered
March
7—v.
155, Auditor Alfred P. Osborn.
County
Dec. 1: $2,000 in 1955, and $3,000
will be returned.p. 878—were awarded to Season- schools were
responsible for all
in 1956.
good
&
Mayer,
of
Cincinnati. of the increase, while other sub¬
Port Chester
Housing Authority,
Dated June 1, 1942, and due $1,- divisions showed reductions.
Wilmington, N.- C.
N.
Bond Offering—Sealed bids will; 000 on. Oct. 1 from 1943
Total outstanding indebtedness
tq 1952
Governor Signs Bill—Gov. Her¬
be received until 11 a.m. (EWT),! incl.
V."
of the City of Wilmington at the
law
hereafter: enacted,
*
bert
H.
Lehman "on
,
March
6'
on March 17, by W. E.
Easterling; Brady Lake School District (P. O.
amending
the*
Secretary of the Local Govern-;
R. F D. No. 1, Kent), Ohio
Public
Housing Authority Law:
ment Commission, at his office in:
Bond Sale Details—The $50,000
and creating the above agency.
; !
Raleigh,
for
the
purchase • of school bonds awarded March 3 to
the "following bonds aggregating,
Fox, Reuseh & Co. of Cincinnati,
NORTH CAROLINA
$635,000:
as reported in v.
155, p. 974, were
v. .
Chapel Hill, N. C. .I /
$35,000 sanitary sewer bon$s. Due sold as 2Vzs, at par, plus a pre¬
Paying Agent Appointed—Thei
Zyy $1,000 on April' 1 in 1945' to mium of - $755,: equal to 101.51, a
National City Bank of New
.:Z 1979 incl.
Yorkj
//•/: "
••'/•
signed
the
has
been
for
Town
bill
paying agent!
Chapel Hill 1%%-;
2% sewer and apparatus bonds,
dated Sept. 1, .1941.
y
.mail in New York exchange. The
•bonds
the
Rate Bid
l34%
Inc..,
Gibbons & Co., Inc..
B.
Geo.
&
Taylor <St
Kean,
•
Int. Rate
-
Stuart & Co.,
White
D.
Other bids:
maturity.
cording to
Halsey,
or
bonds of the
acter
the
on,
bonds
accompanied
certified check upon an in¬
bank or trust com¬
a
to
fiscal
»
Bond
Offering — Joseph
T.
Sweeny, Director of Finance, will
incorpo¬
by private holders from
prepared
•
of
prior
'
be
infor¬
ac¬
by the county
New Yoi*k
reserved.
property there¬
will
bonds
the
valorem
and will be delivered to the
purchaser on or about March 27;
$45,000 public welfare bonds. Due
at the pffice of the Marine Mid¬
March
1, as follows:
$4,000
land Trust Co.', New. York City.
from 1943 to 1946 inch; $5,000
A certified check for 2%. of the
in 1947, and $6,000 from 1943
bonds bid for, payable to order of
/.// to 1951 incl.
the City Chamberlain, is required.
30,000 public works bonds. Due
Legal opinion of Caldwell & Ray¬
$6,000 on March 1 from 1943
mond of New York City will be
to 1947 incl.
All
counts incurred
from 1948 to 1951
to
additional
bonds
tax
outstanding
"
;
:
City
Clerk
(M-S) payable at the First & Sec¬ at his election, be relieved of his
states that $2,000 city bonds have
National Bank & Trust Co., obligations under the contract to
been purchased by the Security
Oswego.
The bonds are general purchase the bonds and in such
National Bank of Edgeley, as 4s
obligations of the city, payable case the deposit accompanying his
at
banks, which will
the genuineness of
-Sale consisted of:
■
form
a
ond
Chapman, of New
certify as to
York, as 1.70s, at a price of
the signatures and the seal there¬
100.269, a basis cf about 1.64%.
'
with
on
to pay
the order of the State Treasurer
for $12,700.
The approving opin¬
ion
of
Masslich
and
v
a
aforementioned
&•
bid from
'.;■■•■
delinquent
issued
pany, payable unconditionally to
In the event that prior to the
of interest
multiple of delivery of the bonds the income
Rate
1942.
be expressed in
dated
be
100.209
100.50
interest
mation and must be
"
2%%
Chisholm
the
to
$6,000 from 1946 to 1952 incl. able unconditionally to the order
76,000
public
works
projects of the State Treasurer for $860.
bonds.
Due March 1, as fol-. The
approving. opinion of Cald¬
lows:
$7,000 from
1943 to well & Raymond, New York
City,
1946
incl., and $8,000 from will be furnished the purchaser.
1947 io 1952 incl. 7
The right to reject all bids is
,Gco. B. Gibbons & Co., Inc.
100.08
an
-
law,
I.
vbbnds at
cost
must be
furnished
Bids must be accompanied
by a
terms
Francis
interest
lowest
1952.
10,387.34
aggregate amount of interest
all of the bonds until their
Bids
bid of less than par and accrued
interest will be entertained.
the
to
the
the
respective maturities.
the premium bid from the aggre¬
gate amount of interest upon the
bonds until their maturity.
No
the bonds of each issue must bear,
100.08
offering to purchase
of
corporated
100.232
Rcosevelt & Weigold,
Inc... ,\ 2>/4%
•Phelps, Fenn& Co., Inc.,...
2.30%
Salomon Bros. & Hutzler.
2.40%
awarded
upon
by
100.137
&
&
maturi¬
be
amount of the premium
by deducting the total amount of
2V4%
Rollins
Coffin
of
Seasongood & Mayer,
Cincinnati, as D/fes:4
A; •
$18,727.00 2V2% poor relief de¬
ficiency bonds. Due as fol¬
lows: $1,727 April 1, and $2,000
Oct.
1,* 1947;
$2,000
April 1, and $1,000 Oct. 1,
1948; $2,000 April 1, and $1,*
000
Oct.
1,
1949;
$2,000
April 1, and $1,000 Oct. 1.
1950; $2,000 April 1, and $1,% : 000
Oct.
1,
1951;
$2,000
April 1, and $1,000 Oct. 1,
both
the
to
county, such cost to be determined
2.10%
.........
H.
and
purchase
lowest
Sons. Inc..
Burr....,.;.
E.
.
consecutive
at
Mc-
sealed
J.
..
Y.
bonds
March 9—v. 155,
awarded to Pohl &
on
789—were
p.
city, such cost to be
determined by deducting the total
..
Hempstead and North Hempstead (EWT), on March 17, for the pur¬
;
Central High School District
chase-of $133,000 not .to exceed
No. 2 (P. O. Floral Park),
6% interest coupon or registered
or
of
bonds
cost
•
are
interest
dated March
ceive
N.
specify in
of
The bonds will
to the bidder
.
va¬
Bond Sale—The $97,000 coupon
must
amount
Each rate must be bid
Gann, City Chamberlain, will re¬
endowing it with
bal¬
,
above
rious rights and powers.
rates for the
bidder
the
bonds
ties.
N. Y.
Gov. Herbert H. Lehman has ap¬
proved
bid
each rate.
13.U942, and mathre: six per centum " per annum.' in
$10,000,000 April 29; $20,000,000; multiples of Va of 1%. The bonds
April 30, and $30,000,000 May 4, will be awarded to the bidder of¬
Chapter 79 of the Laws
Signed
each
his
,
City/.'General
or
ance, but no bid may name more
than three rates for
any
issue,
gations; .: unlimited
tax; coupon
Temporary
Financing—Joseph bonds registerable as to
principal
D. McGoldrick, City Comptroller,
only; delivery " at • place of pur¬
sold on March 11
an
aggregate chaser's choice.
\
of
Authority,
another rate
$1,000.
Dated
1, 1J)42, <. Due. on March
1959;.
without
option
of,
in New York
rates, not exceeding 6%
multiples of Va of 1%.
Each
in
1,
payment... Prin. ; and. int.
the deposit accompanying his bid prior
(M-S) payable in lawful money
will be returned. ' ' -.4 *,
'
New York,
or
bid many name one rate for part
of the- bonds ol: any
issue and
e
1942, of¬
Co. ;and
rate
y Denom.
March
•
^
Elmira
bonds,
fered for sale
interest) is required.
Bidders are
requested to name the interest
•
v
issues, dated March 20,
A
$560, payable to order of the dis- the event that priori to the de¬
Bond Offering—Sealed bids will
trict, must accompany each pro¬ livery of the bonds : the ; income
be received until 11 a.m. (EWT),
posal.Legal opinion of -Dillon, received by private holders from
Vandewater
&
Moore .of' New bonds of the same type and char- on March 17, by W. E. Easterling,
Secretary of the Local Govern¬
York City will be furnished * the acter
/shall be taxable by the
successful bidder; - In the event terms of any Federal income tax ment Commsision, at his office in
that prior to the delivery of the law hereafter
enacted,/the''suc¬ Raleigh, for the purchase of $43,000- refunding
road and bridge
bonds
the
received
income
by cessful bidder may, at his elec¬
*
auction.
no
'
Rockingham County (P. O. Wentworth), N. C. y *
appointed
of
Raleigh, N.
Bonds
C.
i
Voted—City Clerk J.. E.I
basis of about 2.33%.,
Dated Feb.
first
of this year, was
$165,420,
representing a decrease of $11,340
during 1941..
.
This city debt includes $148,000
in
.sewer
bonds, reduced from
$158,000
during the
year,
and
$17,420 in city hall bonds, reduced
from $18,760 in 1941. Balance in.
the city's sinking "fund to meet
75,000 storm sewer bonds. < Due 15, 1942. and due
debt is $3,560.53. \
•
t;
$1,250 on May
/ ' on April 1; $1,000 in 1944 to
Grand total of indebtedness for
15 and Nov. 15 from 1943 to 1962
; "1946 and $2,000 in 1947 to incl.'Other bids
of
the
were as follows:
all .other .subdivisions
.v
1982.
' V
v
'
Bidder—
Int. R^te R-teBid
county,
including
the
county,
Stranahan, Harris & Co.. Inc.,
101.43
525,000 ' water
works
extension; Provident Savings Bank & 21/2%villages, * townships, city schools
Trust
; bonds. Due on April 1; $8,000
Co.
1*0.922
2%%
and
county schools, was $656,Ohio Company
100.92
.'•• .2%%
in 1944 to 1953;- $12,000, 1954 jra.
771.37
on
Dec.
31.
white & co:...2%%
1*9.11
1941,.
as
100.15
:;::to: 1963, $15,000,1964 to 1974; Weil, Roth & Irving Co.;,-.;-: 3%%
compared
with
$617,238.13
on
and $20,000,4975 to 1982.
Dec. 31, 1940. with $77,741.13 re¬
:
"
Cardington, Ohio
Denom. $1,000:
Bonds
Purchased
Dated April 1,
Walter deemed
during
the
year
and
1942.
Prin. and int. (A-O) pay¬ Schwartz & Co. of Columbus have $117,274.37 in new issues. Balance
able in-New York City in legal purchased from the
Reconst.ruc-1 '.in sinking funds of the subdivir
-
■
-
..........
the
city, payable from unlimited
ad valorem taxes. Purpose of the
-issue
of
.
is
to
bonds
The
March
23
Manhattan
amount
approved
Jan. T,
election
at
the
Co.,
Bank
New
of
York
that the: following;
aggregating $292,000,
like
a
rl,939, and maturing in J942., Bonds
■will, be ready for delivery on or
•about
bonds
prior to
refund
issued
Sawyef state's
by
on
the
-voters
were;
at
the:
March 9; $162,000 fire-
station. construction and fire
truck!
-
*
-
—
purchase, and $130,000 water sup-*
ply system extension and recon¬ -tender;
struction.
'
limited
general
tax;
obligations; un¬
bonds regis¬
coupon
m
tion Finance Corporation, $45,000
4% water works revenue bonds.
.sions
to
$67,162.22.
meet
,
*
this
debt
is
THE COMMERCIAL & FINANCIAL CHRONICLE
1070
Indebtedness of the county gov¬
<
showed
ernment
decrease from
a
$146,865.24 on Dec. 31, 1940, to
$126,200 at the first of this year,
with $29,665.24 redeemed during
the year and $9,000 in new issues.
The county had $17,347.49 in the
sinking fund to meet debt.
O.
(P.
County
Cuyahoga
H. Stah-
ler, Clerk of the Board of County
Commissioners, will receive sealed
11
(EWT),
a.m.
on
of
$440,000 3 xk % coupon refunding
bonds, issued to, provide funds for
.the
payment of various bonds
originally issued with a then ex¬
isting 15 mill limitation.
Dated
April 1, 1942. Denom. $1,000. Due
$22,000 on April 1 and Oct. 1 from
March
••
1945
Bonds may be
1954 incl.
to
purchase
the
for
28,
in different denoms.
issued
(The above are the bonds previ¬
if re¬
face
resulting
Boston, Ohio
quested by the purchaser. Prin.
and
int.
(A-O) payable at the
purchase of $9,540 6% street
improvement bonds. Dated May 1,
1942.* One bond for $540, others
benville-Weirton
affected
ton
bonds have
been taken under the direction of
the
Squire, Sanders & Dempsey of
Cleveland, whose approving opin¬
ion will be furnished.
Purchaser
order
fur¬
accept de¬
livery of the bonds before 10 a.m.
must
be
on
about April 1,
or
prepared
to
1942.
Debt
will show
reduced its bonded indebt¬
$63,700 during 1941, but
issued new bonds in the amount
$41,300, making a net reduction
of $22,400 on the debt during the
past year, City Auditor Leonard
Spayd recently reported to City
of
//:
the
At
of
start
the
close
and
at
was
$318,400.
debt
was
has
1941,
indebtedness
bond
The
$340,800
the year it
of
public utility
reduced by $11,200 and
balance
a
the total
was
of
$109,100;
the
notes
155,
of
1942
Issuance
Deferred—The
city has decided to delay action in
the matter of issuing the $150,000
storm
sewer
bonds approved at
.
the November
1941, general elec¬
tion, until commitments on vari¬
ous
materials
the Federal
are
secured
from
priorities agency.
Lucas County (P. O.
Paying
as
ex¬
Bond
Sale—The $1,112,000 cou¬
refunding bonds offered Mar.
10—v. 155, p. 789—were awarded
to a group composed of Braun,
: Bosworth &
Co., Stranahan, Har¬
ris & Co., Inc. and Ryan, Suther¬
land & Co., all of Toledo, as lVzs,
at a price of 100.385, a basis of
rabout 1.40%. Dated March 1, 1942
and
due
$139,000
annually
on
1943 to 1950 incl.
Subject to call in whole or in
part on Sept. 1, 1947, or on'any
subsequent interest payment date.
Second
high bid of 100.78 for
l%s was made by a syndicate
composed of Fahey, Clark & Co.,
McDonald-Coolidge & Co., Mer¬
.Sent.
1
from
Agent
—
The
$2,300,000 road, $500,park, $350,000 airport, $250,bridge, and $100,000 building
improvement. '
000
000
Bethlehem, Pa.
Note
tax
Sale
anticipation
December
Bank
&
to
sold
First
Co.
of
,
$50,000
last
National
Bethlehem
1735—bear ll1/2%
p.
;
notes
the
Trust
154,
/
Details—The
in¬
1
waterworks
National
committee :
be
taken
on
that
the
the water
no
re¬
the
last
month
was
revenue
of the
funding
v.
held
$161,076.64,
the4
as
low
as
ex-
report
"The decision
last
was
Council
week.
of "the ruling
^
the
25
issuance
election
voters
of
ap¬
$445,000
County (P. O.
homa), Okla.
'
Joint
City .and
County
OklaBond
A
$1,250,000
county
bond issue and a $1,000,000 city
bond
1, 1934, may be relieved by
levy outside the 10-mill limita¬
-
the
Election
to Jan.
'
the
—*■
issue
voters
submitted
will
be
at
special
a
to
bly plant ..and other military
$663,000
On the basis of the
tablishments
City
area.
.would
both
be
While the two issues
submitted
separately,
proposals are to go
ballot
r
at
\
es¬
Oklahoma
the
in
the
same
time.
on
■
the
/ /
~Okmulgee, Okla.
.Bond Election—We understand
Supreme Court ruling,/the city
believes, the County Budget Com-' that an election.; has been called
mission will have to add a twofor March. 17, to submit to the
mill levy on the- tax levy for the, voters an issue of $250,000 air¬
is
made up
tion
for
now
of exhibits and schedules
second half of this
in order." to
covering the four State-operated
meet the • city's retirement
pro¬
bridges,
viz.,
Sandusky
Bay
gram.
The attention of jCounty
Bridge. Steubenville - Weirton
Prosecutor - Thomas J.
O'Connor
Bridge,
Pomeroy-Mason. Bridge
and the County Budget Commis¬
md
PI a s t
Liverpool - Chester
sion to the Court ruling : will be
Bridge. Ray Palmer is SecretaryTreasurer and General Manager emphasized immediately by' the
city, 'Mr. Nathanson said.'"/ /,//;
of the Bridge Commission.
Bond
Sale—Spitzef, Rorick &
Net operating profit of the com¬
Co. of Toledo recently purchased
mission for 1941 was $-329,194.34,
an issue of $35,390 special assess¬
the largest on record and exceed-,
ment street - improvement
bonds
ing by $143,217.21 the best previ¬
as
Is, at par. -The only other bid
ous
year
in 1939.
Bond retire¬
p.m.
on
Pry or, Okla.
tion
the
voters
a
approved
six
is¬
sues
-involving $94,000 in bonds
by wide margins.
The total pro¬
vides
$60,000 in city funds to
match
$160,000
Federal grant
already approved for water works
extensions, sewer extensions and
a
sewage disposal plant. ' Federal
,
a
or
as¬
future
or
wealth,
county
all
of
which
taxes
the
and agrees to pay.
assumes
The enactment, at any time prior
to the delivery of the bonds, of
legislation
which
in
terms,
by the repeal or omission
of exemptions or otherwise,
su'or
jects to a Federal income tax the
bonds
on
which
of
a
class
includes
or
these
bonds, will, at the election of the
purchaser, relieve the purchaser
from
his
terms
of
obligations
the
contract
under Jhe
of sale
and
entitle the purchaser to the return
of the-amount deposited with the
bid.
Issued
able opinion
subject to the favor¬
of Townsend, Elliott
&
of
Munson
Philadelphia,
and
will be delivered to the
purchaser
only if and after the proceedings
authorizing the issuance thereof
have
been approved by the
partment of Internal Affairs.
close
a
than
2%
De¬
En¬
certified check for not lqss
of
the
face
amount
of
bonds, payable to the County
Treasurer.
Blakely, Pa.
Bond
Sale—The $60,000 coupon
general obligation funding bonds
offered March 9—v. 155,. p. 789-^awarded to
were
posed
a
syndicate
com¬
of
Moore,
Leonard
&
Lynch, of Pittsburgh, M. M. Free¬
man & Co.,
Philadelphia, Walter,
Woody & Heimerdinger, and Fox,
Reusch & Co., both of Cincinnati,
and
Glover
&,? MacGregor,
of
Pittsburgh, as 3%s, at a price of
101.038, a basis of about 3.63%.
Dated
March
15
1952
recent elec¬
levied
thereon under any present
law of the Common¬
sessed
to
tional
15,
1942, and due
$3,000 from
1951 incl. and $4,000 from
1944 to
/
."Bonds Voted—At
taxes, except
taxes,
or
inheritance
or
hereafter
or
March
port construction bonds.
:
tax
any
succession
is expected to be
either March 31
or
April 7.A The funds obtained
are-te; be used' for a plane assem¬
in bonds.
2
valorem taxes and without deduc¬
the
election.
The date is yet to be fixed, but it
;
Mr. / Nathanson
enable the city to re¬
"This, .ruling,
will
until
the
purchase
of
$120,000 not to exceed 3% inter¬
interest
,■
ruled that all debts accrued prior
-
Feb.
on
Oklahoma
informed
today by joseph' H,:
revealed that the State Court had
tion.
bids
for
character
Nathanson, Finance Director, who
a
23
Federal
the
jpital; and $120,000 to repair and
§Xtend the sewer system.
-
handed down:
was
Voted—At
'
item is largely
on bonds
The
State
Supreme/ Court ruling regarding
municipal indebtedness." ;
•/
000
a
represented by interest
fees.
a
in the amount
and interest-in the
amount of $237,491 and give the]
city an added operating revenue
of $119,000.
"Such procedure, he said, would
replace the refunding of $1,240,-
operating profit in the Tereached $744,222.82, a
trustees'
of
result
re¬
tire bonds principal
year
full year, and this
general operating fund
a
prin¬
the
on
of
1941.
the smallest for
1942/as
said,
peak. Non-operating costs at
was
to
for
.
smallest
in
its
000
four bridges* Not since 1938, when
only three bridges were under
been
add- $119,-
to
dollar.
on
on which the city is to ob¬
$695,000
in
improvements
through the addition of Federal
grants.
Bond - issue
amounts
were/ $120,000
for
water
im¬
provements; $95,000 for fire de¬
partment improvements;
$33,000
for repairs to the municipal hos¬
pital; $55,000 for a nurses' home;
$22,000 to repair the Negro hos-
.
since the commission has operated;
jurisdiction, has the operating
able
be
sealed
March
bonds,
—
may
ceive
tain
while
the
case-load
Toledo, Ohio
^
$43,471, he said. Despite,
Studies
Debt
Decision
The
January's sub-zero weather and, following report appeared in the
continued dislocations of industry, Toledo "Blade" of March 9: "The
city
the
on
bonds.
proved
$1,308,318,-
axpenditures last month declined
7.5%
from
December,
although
stated
Muskogee, Okla.
/
JEtoinds
bonds.
;otaled
cents
cipal/or interest due
they would finance
acquisition through the pur¬
chase of
89
to
default has occurred
No
national
wood.
bill
is
Winston
cents
ac¬
indicated that
relief
the
3
Bonds; Purchased—It
proposal to
plant
Bond
Offering — Myrtle
H.
Beard, Chief Clerk of the Board
of County Commissioners, will re¬
have
to
"
Ohio Cities Water Co., during the
present
Berks County (P. O. Reading), Pa.
general obligation vot¬
ing machine bonds. Dated April
election 1, 1942. Denom. $1,000. Due $30,voters are 000 on April 1 from 1943 to 1946
.
Welfare Director Charles L. Sher¬
and
aggregate of $3,500,000 bonds,
follows:
approved the issu¬ incl. Bidder to name a single rate
of interest, expressed in a mulr
ance of the $75,000 not to exceed
3% semi-ann. airport construction tiple of Va of 1%. Bonds registerable as to principal only.
bonds by a wide margin.
Payable
from /unlimited
ad
'Mad ill, Okla.
emergency. The
case-load de-: proposition was first broached last
year and several, bond firms had
according to State
39%,
March
011
said
1941, while the
Gross
as
terest.
Smith, City Clerk,
Tiffin, Ohio
/ that, the city has purchased $81,Proposal To Buy Water System 500
of
the
$353,000
refunding
Shelved—The City Council's fire
bonds issued in 1938, at from 45
by $112,395, he said,
t
State's relief cost during purchase
January showed-a decrease of
31% from those of the like month
oense
an
Hobart, Okla.
Voted—At the
Bonds
-
by
and
year
were
Pa.
Authorized—The County
Commissioners recently approved
est coupon
held
Ohio
last
*95,827.45
pon
incl.
City
Fund—v.
six months.
tion
rnw
c-v,'/'■" Ohio
in
cently recommended
cent
Toledo),
the
975—bear 2% interest and
p.
ceeded the January collections of
clined
re¬
Bonds
—v.
OKLAHOMA
City Bank of New York has been
appointed paying agent for city
1%%-street and sewer improve¬
ment bonds, dated March 1, 194i..
drop of $424,102 in
month
first
by
Investment
Springfield,
marked decline.
classification,
purchased
mature
general debt was reduced by $43,- Jhe case-load increased by 3,120,.
le pointed out.
S00 but $30,500 was added and
now has a balance of $65,500, and
Ohio State Bridge Commission /'
the special assessment debt was
(P. O. Columbus), Ohio
1
reduced
by $9,000 with $10,800
1941 Operating Revenue Largest
added and has a balance of $143,On Record—The annual report of
800 to be paid.
the State Bridge Commission for
At
the present time there is
the
year
ended
Dec.
31, 1941,:
$42,018.42 in the sinking fund to
shows that total operating revenue
meet bond and interest payments
for the period, at $906,199.46, was
during the current year.
the largest in the history of the
Kent, Ohio
bridge agency.' Operating expenses
Bond
of Toledo.
on
Treasury
the
first
four
weeks of 194*1, the total revenue
collected by the State from the
sales of prepaid sales tax receipts
of
economies
Henryetta, Okla.
necessity of employing
Bond Offering—Sealed bids will
all four bridges as a
be Z received
until
7
p.m.
on
protective measure following the
March 16, by Clarence Riser, City
Japanese attack on Pearl Harbor.1
Clerk, for the purchase of $60,000
Shaker Heights, Ohio
j refunding bonds. Dated May 1,
Note Sale Details—The $90,000 1942. Due $10,000 in 1947 to 1952
guards
with
compared
The
Council.
a
automotive
The
in
4—The
(State of)
Even with a
city
edness by
effect certain
to
con¬
repainting
3
$15,000 fire
done separately.
Ohio
the
done in
was
the
ble if the two contracts had been
cost.
for
Fremont, Ohio
Reduction In 1941—The
with
to 1958 incl. Second
high bid of 101.43 for 2Yas was
made by Stranahan, Harris & Co.
from..1955
which would not have been possi¬
nished the successful bidder with¬
he
Bridge. This
nection
Treasurer's office. Bidder
Sales
Tax
Revenue—Although
may name a different rate of in¬ revenues derived from the sales
terest
provided that fractional tax
channels
are
expected to
rates are expressed in multiples
slump as the year progresses, only
of Va of 1%. A certified check for
one classification has dropped be¬
1% of the bonds, payable to order low last
yeai-'s figure in January,
of the County Treasurer, is re¬
Don H. Ebright, State Treasurer
quired.
Coupon bonds will be announced.
"However, when the
furnished, with the privilege of
citizenry of the State is required
registration by the owner as to to
tighten its belt further to meet
principal only; or convertible into
existing demands," Mr. Ebright
fully registered bonds. Proceed¬
predicted* "collections from the
ings incident to the proper au¬ sale of
prepaid sales tax receipts
of
im¬
provement bonds offered March 7
155, p. 879—were awarded to
Braun, Bosworth & Co. of Toledo,
as
2s, at par plus a premium of
$112, equal to 100.43, a basis of
about 1.95%. Dated Dec. 1, 1941
was
burgh),
coupon
and
—v.
priorities.
March
on
equipment bonds by a vote of 155
"for" to 195 "against."
:
and due Dec. 1 as follows: $1,500
3—Extensive guniting work un¬
from 1943 to 1954 incl. and $2,000
the Steubenville-Weir-:
County
thorization
waterworks/ extension
This
paint before it
war
election
an
sulted in the defeat of
derneath
payable to order of the
city, is required. Legal opinion of
Peck, Shaffer, Williams & Gor¬
out
by
that
.
PENNSYLVANIA
Woodville, Ohio
in order to ob¬
1941
tain aluminum
$95.40,
be
done in
was
,
Allegheny County (P. O. Pitts¬
Sale—The $26,000
Bond
Newberg, Ore. v
) «
Defeated—It, is reported
National
Second
the
at
M-N.
Interest
incl.
/"/•
Bonds
Bank of Cincinnati.
mentioned
Bridge. ;
$1,000. Due Nov.
$1,000
$2,000,
1961
to
Payable
economy.
be
the first time since 1936 the Steu-
$1,000 each. Due Nov. 1 as follows:
$540 in 1943 and $1,000 from 1944
to <1952
incl.
Interest
payable
semi-ann. A certified check for
will
war
1—Increase in salaries granted
employes at the bridges to meet
higher living costs.
2—Repainting ' completely
for
the
Cincinnati
a
may
1959
the following:
Offering;—Ronald Greene,
City Auditor, will receive sealed
bids until noon on March 19 for
of
from
these
Among
consummated.-)
man
.>/■/
i
showing, the commis¬
reported,, was made in the
of
extraordinary expenses
sion
awarded Feb. 10—v. 155,
744, the sale of which was not
New
1
from 1943 -to
1946 -incl.;
1947 to 1951
incl.,/ $3,000, -1952 to 1957 incl.;
$4,000 in 1958 and $8,000 from
follows:
as
The-1941
Bond
Bond Offering—George
until
date, April 1, 1942.
ously
p.
1942..Denom.
to
1952
Cleve•
land), Ohio
bids
year; but which will be available
call
bonds on the next call
April 1 and Oct. 1 from 1943
incl. - Second high bid of
100.13 for IV2S was made by J. A.
White & Co. of Cincinnati.
on
to
Monday, March 16, 1942
v
,
as
1960
Bank
follows:
incl.
The First Na¬
of
Peckville, second
high bidder, named a rate of 4%
Clymer School District, Pa.'
Bond Offering—C. L.
District
Secretary,
,
Longwill,
will receive
sealed bids at the offices of Peelor
& Feit, 406 Savings & Trust Bldg!,
Indiana, until 1 p.m. (EWT), on
funds are sought to match the March 19 for the purchase of $40,other
issues:
Dated
$8,000
for
storm 000 coupon school bonds.
was
an
offer of 100.04 for
ments for the year set a new high
sewers;
$6,000 for a jail; and April 1, 1942. Denom. $1,000. Due
made
by a group composed-- of
record amounting to $578,000.
Oct. 1, as follows:
At
$5,000 for city street lights.
$2,000 from
rill, Turben & Co., Ohio Co. and
the end of the year there was in Stranahan,- Harris- & Co., Ryan.
1943
to
1955
incl.; $3,000 from
Otis & Co.
OREGON
Sutherland
&
Co.
and
Braun,
the sinking fund sufficient funds
1956 to 1959 incl., and $2,000 in
Bosworth & Co.
./
/ Malheur County Union High Sch. 1960. Bidder to name a single
to meet all bond maturities and
Marietta, Ohio
Bonds Sale—The $22,000 street interest for 1942, and an excess of ...The notes mature March 1,,1943.
rate of interest, expressed in
Dist. No. 4 (P. O. Adrian), Ore.
a
■'
improvement bonds offered March $48,000 above these debt service
Price Paid—The District Clerk multiple of lk of 1%. Bonds regisWashington, Ohio
'
10—v. 155, p. 879—were awarded requirements
terable as to principal only.
to call bonds not
Bonds
Authorized—The
City states that the $17,455
coupon
to Seasongood & Mayer of Cin¬ due. This $48,000 excess does not Council
Principal and interest payable
recently passed an ordi¬ semi-ann. funding bonds sold to
cinnati, as l%s, at a price of f*»ke into account earnings for nance authorizing 'arrtSkue of $60,- Atkinson-Jones & Co. of Port- without deduction for any taxes
'100.26.
a
basis of about 1.45%. December which were not trans¬ 000 3% sewer svstem
mortgage land—v. 155. p. 975—were pur¬ (except gift, succession or inheri¬
Dated Feb. 1, 1942, and due $1,100 ferred until after the first of the revenue
tance taxes)
levied pursuant to
chased as 3%s at par.
bonds. Dated
March 1,
.
-
Volume 155 -Number 4055
THE COMMERCIAL & FINANCIAL CHRONICLE
any present or future law- of the
Commonwealth.
The bonds will
be sold to the
highest responsible
bidder subject to approval of the
authorizing proceedings by the
Department of Internal Affairs.
r
pn
the
9
livery
of
that
the
.
prior? to the debonds
the
income
received
by private holders from
bonds of the same type and char¬
acter
shall
be
taxable
terms of any Federal
by
the
income tax
Call—The
Bond
*
April 1, 1943, bonds numbered'
10 of the issue dated April
Marth 9
purchase
the
bonds
contract
and
in
to
such
the deposit accompanying his
will be returned.
The suc¬
case
bid
cessful bidder
will
receive
•
with¬
out charge the opinion of Burgwin, Scully & Churchill of Pitts¬
burgh, that the bonds are valid
general obligations of the district.
Bond Sale—The
-
—
delphia,
Xiyr-*>•
*
%
•/■•*. sv--
;
,
"
C-; 1 •;>
v",_.
Colerain Township-School District
(P* D. Bedfprd, jk. D. No. 4), Pa.
Bond Sale—The issue of $20,000
school bonds offered, Feb.. 7, jyas
.
•
awarded: to
the
Hartley National
Bank of
Bedford, as 3s, at a price
of 105.158, a ba$is of about 2.40,%.
Dated Nov. 1, 1941.
Denom. $1,QO0.
Due $1,000 on Nov. 1 from
4.945 .to -1964 inbl. v; Callable after
Nov. 1, 1951.
'
Corry, Pa.
•
■<
Proposed
Bond
Issue — City
Council' recently •' passed on :tirst
and second readings .an ordinance
to issue $20,000 ' general obliga¬
tion
^equipment
bonds.
and
funding
/ enactment
Final
Walter
-
H.
Scott
stated
in bond
subject
are
The bonds
March
pther bids;./
gen¬
1.55;
9—'v.
!; Bi(lder-—
879—were awarded to^ a group
composed of Blair & Co.; Inci,
to
court
Bond,
Kidder,
'
'
&
Hawkins
Judge
&
Feabcdy
EStabrook
&
&
'
1
-
.
Parsons
Robert
I
Int. Rate
borne
ing.
and
2\'2',o
100.57
234%
&. Co. and,
Co...........
1.01.322
ham & Co. and Phillips, Schmertz
;
J-L
Int. Rate
3%
Bidder—
Leonard
.^asonsccd
irst
Nat'l
&
Lynch—
& Mayer........
Bk. of Pittston..
that
334%
3%%
Rate Bid
1CG.62
100.54
Par
bonds
said
at
have
to
been
1950 to
quent to
jue of-$25,000 bonds for. remodelr
ing the town hall.
election
on
consider
:
special
May 19 the voters will
issue
of
$120,000
sewage disposal plant bonds.
an
Fayette County Housing Authority
(P. O. Uniontown),. Pa.
Bonds Approved—The
Pennsyl¬
of Internal Af¬
4 approved two
vania Department
fairs
on
bond
March
issues
East
*
$1,705;-
aggregating
000.
ProvidencOr R* I.
Offering; — Chester E.
Town Clerk, will receive
Butts,
100.347,
•»•'':
Sold—It
1952
Bidder
incl.
to
name
one
of
as
basis
a
bonds for
v
Redeem
est
under
sale
March
on
of
about
to
Tax
1.46%.
bonds
The
bonds
provement
redeemed
be
to
under the option are
the park im¬
of
bear interest at the
1922,
which
rate of 4%%«.
They are 30-year bonds but are
subject to redemption at the op¬
tion of the city after 20 years.
The 20-year
period expires on
•
April 30.
The
city-
save
$275,000 worth of bonds by May 1.
bonds
other
chased
fund
on
will
be
pur¬
behalf of other sinking
accounts
to
be
held
until
further accruals from the, regular
debt service payments on
the is¬
provide enough money to pay
qff the entire issue. •:./</•>/.■■
It is/estimated that sufficient
money -will
be accumulated in
about three years to pay off the
sue
entire
will
save
After
that, the city
aoproximately $17,500 a
issue.
rem
and
to pay both/ principal
taxes
interest,
intangible
taxable
except that taxable
personal
at
the
is
property
uniform
rate : of
40 cents for each $100 of assessed
valuation.
The bonds will be
under
en¬
and
Columbia:
-
-
•
067
delivered, without charge to the
The original opinion
and complete transcript of pro¬
ceedings required for the proper
issuance of the bonds will be filed
with
The
Boston,
spected.
to
First
National
Bank
of
where
they.. may be- in¬
In the event that prior
the delivery
of the bonds the
income, received by private hold/
ers from bonds of- the same -gen¬
eral
type
and character shall be
$1,500 in 1949.
from
^
,.
Agricultural
and
of)
bonds
said
is
to
have
lege of
Increase
to
1962. /
'
'
"
in 1958
'
'
I
j
^
♦
?^
city
and
$556,000
series
proved
issue
1941.
of
3%
ann.
Sale—The
water; and
awarded
were
par.
has
bonds
been
ap¬
bonds
or
<
election
$40,000
of
to
ann.
the
Houston,
semi
revenue
Feb.
on
28
George
as
V.;
4V4S, at
/ Due in 1945 to 1972 incl.
Texas
Sale—The
Bond
1
/
,
coupon
semi-
bonds aggregating $lx925,000,"
for sale on March 10—.
offered
155, p. 977—were awarded to a
syndicate composed of Harriman
Ripley & Co., Inc., Blyth & Co.,
Inc., both of New York, the Mer¬
cantile-Commerce
16
■
,
Common
as
Bank
&
Trust
Texas
Bond, .Offering
be
bonds.
received
—
•;
Sealed
Interest
until
rate
2
is
not
2%s.
Due
to 1962 incl.
*
"
follows:
as
bonds,,
$25,000 in 1943
sewer
/
\.
.
2s.
1962
bituminous
bonds,
•
as
incl.
.100,000
;
1943 to
as
2s.
1952
topping
Due $10,000 in
incl.
100,000 permanent paving bonds,;
as 2s.
Dud $5,000 in 1943 to
/ 1962 incl., : V
;
:
on
to
divided
sanitary
360,000-flood control bonds,
;
Due $18,000 in 1943 to
bids
p.m.
bonds
!
School Dis¬
(P. O. Campbellton),
the
$500,000
.•
March
2,; by
Morgan
Burson,
Superintendent of Schools, for the
purchase -of
$16,000
refunding
revenue
the
sewer
Houston,
as
'program
water
'taxes
pre¬
Legality approved
Voted—At
Rotan Co.
refunding,
ing advised of a debt conversion
city's
valorem
bonds offered for sale
Approved—A
will
gen¬
ad.
,
to legality by John D.
McCall of Dallas.
Dated June 1,
Program —
of this city are be¬ j
involving $446,500
and
County Wafer Control
Improvement District No. 3 >
Bond
:
Col¬
Mechanical
.Legality
trict No.
eral.; obligation' bonds.
This
emount is said not to include the
direct
are
-
v
on
Bond
Debt" Refinancing
Bondholders
and
all the taxable property-
on
Bonds
f
Borger, Texas
:
Campbellton
Athens, Ten/i.
thereafter.
v.
.1941.
TENNESSEE
date
Re¬
Texas (P. O. College
Station), Texas
pur¬
;par by Johnson, Lane,
Space & Co. of Savannah. Dated
Feb; 1, 1942. Due on Feb. 1: $1,000
at
In 1843 to 1957 and $2,000
re-„
by Business Manager E. N. Holm- Co. of St. Louis, the Lee Higgingreen that $300,000 4% semi-ann. son Corporation, Eldredge & Co.,'
office building construction rev¬ W. E. Hutton & Co., all of New
enue bonds have
been purchased ;York, Alfred O'Gara
& Co. of
at par by the RCF.
Dated Aug. 1, Chicago, and Moroney, Beissner
1941/
Due in 30 years. - Legality & Co. of Houston, paying a preapproved by John D. McCall of minum of $485, equal to 100.025,,
a net interest cost of about
Dallas.
•
2.06%,
.
been
semi-ann.
(P. O. La Marque), Texas
Bonds Sold to RFC—It is stated
f: Bonds Sold—A $25,000 issue of
3% semi-ann. rqad construction
chased
3^%
:■
by Chapman & Cutler of Chicago.
TEXAS
v;;: ;
-
"
In
2V2,.
Galveston
$1,975,974 in February,
-
ftt.iHelena Township (P.; O. Beau-r
[;fort), S. C.
_;
taxable by the terms of any Fed¬
eral income tax law, the success¬
ful bidder may, at. his election, be
relieved of his obligation/under
-
'■ V"
—
the $453,000
bonds
'
iand
with
scribed by law.
1941. Motor vehicle licenses, how¬
works and sewer
ever, dipped to $57,653 from $77,system extension bonds.
601. For eight months of the fis¬
;
5,000 fire protection, street and
cal year, collections totaled $31,I
sidewalks im p r o v erne n t
666,895 compared to $27,078,334,
boncls.
a gain of $4,588,560.
Dated Jan. 1, 1942. Due $1,000 on
iJan. ,1, in 1947 to 1967 incl.
as
purchaser.
.v,\.
■
Information
to
the
authenticated
bid,
above;:
jin the city- within the limits
water
ness
to >purchase V; the
year—$15,750 a year in interest the - contract
and $1,400 a year in State taxes— bond's.' Bonds will; be delivered to
the purchaser on or about April 1,
over a period of seven years, or a
total of about $120 000. •1
1942, at The First National-Bank
Approximately" $60,000 wortjh of of Boston, 67 Milk Street, Boston,'1
the park bonds are held by insti¬ against payment in Boston funds;'
jpar by G. H; Crawford* & Co. of
$16,000
'
and
the
levied
general subscription at
yield, from 0.50%
to
Collection
amounted
supervision of f
Jonesville, S. C.
to genuine¬
; Bonds Sold—It is reported that
by The First National Bank >$7,500 4% semi-ann. water works
of Boston. The legality of this is¬ /system revenue bonds have been
sue
will be approved by Ropes,
'purchased at par by- McAlister,
& / Pate" ; of;; Greenville.
Gray, Best, Coolidge & Rugg, of Smith
Boston, a copy of whose opinion Dated Jan. 1, 1942. Due on Jan. 1
will accompany the bonds when as follows: $1,000 in 1943 to 1948
graved
will-
approxi¬
mately $120,000 by
calling the
bonds on May 1 under the 20-year
option.;;When the bonds are pre¬
sented for payment, they will be
purchased by the city with funds
accumulated in
various
sinking
funds. The sinking fund set up to
redeem the park bonds will be
able
to- buy* in
approximately
The
erty in the town will be subject
to the levy of unlimited ad valo¬
Ennis,,v'Texas
'continuing
.
Of the town and all taxable, prop¬
the
|held on Feb. 28, the voters are
said to, have approved the issu¬
$3,645,003 compared ance of
the $133,000 water and
with $3,350,529 a year earlier, a
sewer system revenue bonds.
:
gain of $294,473, according to a
report by George McCanless; Fi¬ Harris County Fresh Water, Supnance and Taxation Commission¬
ply District No. 8 (P. O. Bayv
er. Gasoline tax, an object of con¬
i"
y ~ - ;
town), Texas
Legality approved by
.
known holders of the bonds.
'■
payment
of
1952 incl.
Tennessee (State
-
■;
by
general obligations, payable from,
follows:
$359,000
uniform
on
constitute the entire indebtedness/
1, 1942. Due $20,000
bonds may be registered as to 'Huger Sinkler of Charleston.
Callable principal only. Principal and in¬
Hampton, S, C.
Bonds—A $350,000 city bond issue terest (A-O) payable at the First I " Bonds
Sold — The
following
National Bank of Boston* or at
is being called for redemption on
3 Vz % semi-ann. general obligation
the office of the Town Treasurer, bonds
May 1 under a 20-year option.
aggregating
$2.1,000, are
These bonds, Isaid to have been purchased at cern because of automobile and
Notices of the call are expected at holder's option-,
will be valid general., obligations
tire rationing, increased to $2,155,to
go out to approximately
60
To
I,;
issues.,
r u s
1.45%, according to maturity.;
Johnstown,, Pa.
f
be
1928,
being exchanged,
with the original holders through1,
a
syndicate headed by Rauscher,/
$1,-006 ported—February special tax coL
1944, and $2,000 in 1945 lections by the State of Tennessee
interest, expressed" in a in 1942 to
multiple of 14 of.. 1 %Coupon land -1946.
rate
15
Dec.
1,
are
July
Prin. and int. payable at the First
National Bank; of Dallas.
These
March 1 in 1943 to
prices
have
been
purchased
purchase of $.50,000 cou¬ jbonds
pon civilian defense bonds. Dated pqintly by the Fh'st National Bank
and the Commercial Bank, both
April 1, 1942. Denom.' $1,000. Due
of Camden.
Dated Dee. 15, 1941.
$5,000: on April 1 from 1943 to
on
2%, 3V4
funding
Bonds Offered for Investment;—
18 for the
Due
i.
connection
The purchaser reoffered the above
that
$7,000 2V2% semi-ann. assessment
sealed bids until 5 p.m. on March
:
...
on
is "stated
to
the
Sale—The
Dated March
'
Bonds
of
furnished
Additional
;
10—v. 155, p. 870—were awarded
the Union Securities Corp. of
New York, as 11/2 s,. at a price of
Camden, S. C.
Bond
re-;
Superintendent of Schools.
to
.
Charleston.
T
exchange
bonds offered for
able after July 15, 1955.'' Legality
japproved ! by Huger Sinkler of
Elwood City, Pa.
Election^-At
a
for
Memphis, Tenn.
'bonds, issued to refund a like
$200,000 cou¬ amount
of
legally
outstanding
pon semi-ann. municipal airport bonds at a lower rate of
interest,'
maturing
subse¬
15,. 1956, are call¬
Jan.
Fidelity-Bankers
Bond
to 1968 and $8,000 in
Bonds
bids
i
|
fiscal* agent for
the program.
pur¬
23 the voters will consider- an -is.-
1969.
outstanding
called
Pierce & Co. of Dallas, as noted
t
Company, P. O. Box 1151, Knox- here on Dec. 23, the following;
ville, Tenn., is acting as fiscal details have now been furnished:;
agent for the city and bondhold¬ jDated Dec. 10, 1941.
All bonds
due '1953
to
1968
are
ers
are
optional
requested to. forward
promptly their old bonds to the April 10, 1952, and on any inter¬
1955, $6,000, 1956 to 1962,
'$7,000, 1963
a
All
been
next
years, and the city is not
position to liquidate this debt
The
by G. H. Crawford
Co. of Columbia.
Dated Jan,
interest is limited to 3%.
,
All
I
a
dis¬
printed;
on
remaining
and June
1925,
gen¬
ed debt has been worked out, *
par
nancial
Bend
those
aggregating $300,000 in this period
time and, therefore, this
pro¬
gram providing for an orderly and
systematic reduction -in the bondl-
1942. ; Due on Jan. ; 15. as fol¬
lows: $4,000 in 1944 to 1949, $5,000,
special fi¬
meeting on March
town
the
the
bonds which have been called
of
il5i.
/.
R.
is
serially
beginning in 1944 and the rate of
Bond Election—At
in
than par;
The
April 10 and will beexchanged
for
this
proposed;
series of refunding bonds.
The,
in
Bonds, Sold—An issue of $146,:3 % % : semi-ann; ; refunding
chased
ISLAND
Cumberland,
approval.
mature
matures
furnish
have
blanks
debt
ac¬
rates
or
multiples of V4
interest.
him.
to
demption
now outstand¬
Approximately 64% of the
(000
&
RHODE
cost
that
as
Any rate
bid for less
will
bonds
bonds
rate
their
and
liver the bonds to the bank desig-;
nated by the purchaser without
be
same
with
rates
bonds, a copy of the proceedings, v
approving opinion of Gibson;
& Gibson of Austin, and will de-;
-
eral
Blacksburg, S. C<
& Co.
ioore,
the
at
No
re¬
com¬
the
seven
bf Philadelphia, and ' Stein / Bros.
SOUTH CAROLINA
& Boyce, of Baltimore, as 2%s, at
-''
i price of 100.31, a basis of about
Beaufort, S. Ci
Bonds Sold—A $50,000 issue pf
i.69% / rDated. March 15;; 1942,vand
due $10,000 on
March 15 * from 3%-semi-ann. waterworks system
have
1943 to 1952 inch
Second high ]revenue bonds is said to
bid,of 100.767 for 3s was-made, by ibeeh purchased* at par by the
an
account composed of Hemp¬ /Peoples Bank of Beaufort. Dated
hill,. Noyes & Co., S. K.Cunning/' iFeb! 1,1942;
Other bids:
old
by the bonds
Co.,
Co.
Co
All
interest
Rate Bid
both
issues, such loans
would
-.v.
Granam,
*
p.
& Sons^;inc.,
maturing after Jan.
1950- will
two
pur¬
are
or
is nearest par
accrued
trict
maturing
exchangeable
for 1941 refunding bonds bearing
after
1%.
and
Series "F"
bonds now outstanding (pro.viding; the bonds mature or are
callable
prior to 1950) and at
3Vz% therefrom to-the new ma¬
turity.
Bidders
named must be in
of
5%%,
*
-
$100,000/
Sale—The
offered
where current obligations are in¬
cluded
i
K H. Rollins
will
await approval of the loan by the
County
Court.
City
Solicitor
'{
of
with
the rate
crued interest.
the
dated March
are
bination
option.
payable at
conform
name
bid which
1, 1950, regardless of the rate of
interest. The 1941 refunding bonds
will bear the same rate of interest
to
the maturity or call date of
.
v.AU of the bonds
;
quired to
re¬
are
6%,
to
chaser's wishes.
.
85,00.0 public works bonds,., .Due
\ 3 to T963 incl.
eral obligation operating revenue
bonds
which
follows:
500 old bonds
'
'
bonds
as
with/five-year
int. will be
place
a
be
old
\
Prin. and
will be exchanged for $124,-
Due $15,000 on March 1
i) «.'V
f
)v
?
1; .1942. -Re-offered by the bank¬
Piitston School: District *.(P.. 0.„ ers: at-prices to yield from 0.60%
Pitts ton ), Pa*
fto.' 2.25 %, according to maturity,
Bond
the
proposals will be considered
bonds
on
The bonds will be issued
spectively
i$5,0.00 oa. March 1 from 1947
ard^ Lynch of Pittsburgh.
'
of
consisted
,
high bid of 100.638
made by Moore/Leon¬
was
to
.
and due;$5~
Second
for 3s
-
.
nate
exchanged for $322,bonds
maturing before
Jan. 1, 1950, each series being de¬
termined by the rates of interest
20,000.' water bonds.
Due $5,000
on March' 1 from 1943, to 1946
;,incl...
March 2 from 1943 to 1952
on
incl.
Sale
: ^ from; 1953 to 1957 .irieL
,
certified check for $1,-
a
19.42.
at. a ,price of
of about • 2.69% .-
100.31, a basis
Dated March 2, 1942
500
2.21%.
bonds will be
new
n
/
$5;5,OOO funding
5¥2%, 514% and 5%.
$75,000 refunding bonds, series of
bonds
2%s,
as
about
The
4%, payable A-O, Denom.
Dated April 10, 1942, Due
April 10, as-follows: $1,000 in 1943
to 1956 and $2,000 in 1957,
Alter¬
in six series, lettered from "A", to
"F" inclusive. Series "A" through
■;
awarded to Burr & Co. of Phila¬
"
Enclose
000, payable to the district.
v.
ture
Halsey, Stuart & Co., Inc., New
York; as 2 V4S,. at 100.389^ a- basis
of
exceed
$1,000.
are
Sept.. 1, 1941 and will ma¬
serially from Sept. 1, 1942
cou¬ "E" will
10— 000 old
_
bonds..offered
155; p; 879 — were
refunding
dated
to 1963.
pon;; bonds offered March
v.
155, p. 976—were awarded
■;r-V'a/
issues
of
systems.
Warwick, (P. O. Apponaug), R. I.
Newport Township School District
(P. O. Wanamie), Pcu-
revenue
these
bonds, as
payable
solely from the revenues of these
,,
|v Bond Sale—The $180,000
2, 1928, at the First National Bank
of New Bethlehem.-! • - • *' * -4
light
both
•
township /has. $5,000 .annually,.,
and
obligation
the
.
announced its intention to redeem,
and
under
organizations
area,
law," the successful; bidder- may;
election, be relieved of his
at his
electric
in the Vtw
• Tiverton,
R. 1. /
i-';
according ' •: to % city; !/ Proposed' Bond Issue—At the
records.
annual .town, meeting on March
18
a
proposal to issue $110,000
Mahoning Township (P. O. Box 96, school construction bonds will be
Distant>, F«..
\
considered. ' They would mature
No bid for less -than par and ac¬
crued interest or for less than all
of the bonds will be accepted. In
event
and
tutions
local
1071
.
.350,000 airport bonds, as ?s. Due
$18 000 in 1943 to 1952, and
$17,000 in 1953 to 1962./
1072
Monday, March 16, *1942"
150,000
Due
1952,
$7,000
and
bonds,
in
1953
to
100,000 storm sewer bonds,
Due $5,000 in 1943 to
Only
was
'
incl.
/,%
.
.
■■■..
V,
V
bidders
none
1938.
sold by
were
that
$40,948,781. : This
September,1939, when
The diminutive output in the recent
$24,003,498.
month, moreover, very likely
be construed
may
as
an
As
matter of
a
fact, several large issues are currently scheduled
at an early date.
These comprise a Detroit,
Mich., refunding operation of approximately $29,000,000, and the
Cleveland, Ohio, mortgage revenue offering of $17,500,000.
The
latter city recently completed the necessary legislation for the pro¬
jected issue, the proceeds of which will be used in connection with
municipal acquisition of the Cleveland Railway Co. >
.% ':%*.■
Aside from these transactions, however, the general outlook is
for a continuation of State and municipal borrowing on a relatively
modest scale.
Certainly as the tempo of war production increases
it is to be expected that the volume of materials, and possibly man¬
power,
available for peacetime construction will
become
pro¬
gressively smaller.
Thus public construction projects will neces¬
sarily be sharply restricted and thereby lessen the need for new
capital financing.
This will be particularly true, naturally, of socalled non-essential projects, and those in that category will increase
reoffered
the above bonds for general pub¬
lic
subscription.
The 2% bonds
are
ebing offered at prices to
yield 0.60% to 2.10%, according
to maturity, and the 2y4% bonds
are
being offered at prices to
yield 0.60% to 2.15%, according
to maturity.
In the opinion of
counsel, the bonds will constitute
valid and legally binding obliga¬
tions of the city of Houston, pay¬
able from ad valorem taxes' which
be levied against all of the
property therein, within
the limits prescribed by the State
may
reach
rather
the
market
have
bonds
the
not
as-yet
been
1.385%.
issued, due to a notice received
from the office of the OPM, hold¬
ing
will
issued
be
as
priority is given.1
soon
1941
of
Bank
Ranger,
from
Sachs
1928———.—
1927—77,130,229
284,008,204
157,623,043
1926————--
172,358,204
242,724,827
—
63,592,112
111,480,529
1925———
80,323,729
215,859,851
1937
42,987,742
250,216,123
1936—_
98,045,427
187,569,041
1923—————
•
80,003,623
176,999,232
1935-
53,435,359
150,607,778
1922
'
66,657,669.
175,244,868
65,182,481
120,253,685
1921—
65,834,569
152,886,119
net
a
1943
interest
inclusive,
1972,
to
of
cost
re-offered
group
the
about
1934—
193 3 p.——______
104
at
to
to
101.50.
to
yield
1947.
from
The
0.60%;
\%% %;':' '..%%%%%;'%/% /%%,%%/"% %-'%%'K
%::
1.69%.
Due
serially
from
1943
1952,
to
inclusive,
—
31,705,361
115,234,252
1019--—--.--'—,---.
30,927,249
56.017,874
1931———
119,446,501
170,095,408
1918———
22,694,286
46,754,354
1930———
81,558,516
191,401,330
1917———
25,956,360
66.029,441
in
February
—_
(The detailed record of
j-
will be
published in
the
individual
issues sold
subsequent issue of the "Chronicle;")
a
,%
Daily Average Crude* Qil Production For Week
Ended March 7, 1942
The
American
crude
average
Petroleum
oil
Dropped 81,300 Barrels
Institute
production
for
the
that
estimates
week
the
daily
March
ended
7, 1942,
3,934,350 barrels, a decrease of 81,300 barrels from the preced¬
ing week.
It was, however, an increase of 300,900 barrels over
the output in the corresponding week last year.
The current fig¬
ure was also 141,650 barrels in excess of the
3,792,700 barrels daily
was
(as revised) recommended by the Office of the Petroleum
average
for
weeks
four
the
Further
barrels.
month
ended
details
received
Reports
the
the
for
Coordinator
of
March,
The daily average output
1942, is estimated at 4,026,450
reported by the Institute follow:
March
as
7,
from
refining companies owning 86.9% of
barrel estimated daily potential refining capacity of
4,684,000
the United States, indicate that the industry as a whole ran to stills,
on
a
Bureau of Mines basis, 3,530,000 barrels of crude oil daily
during the week ended March 7, 1942, and that air companies had
in storage at refineries, bulk terminals, in transit and in pipe lines
as of the end of that week,
106,668,000 barrels of finished and un¬
finished gasoline. % The total amount of gasoline produced by ' all.
companies is estimated to have
week ended March 7, 1942. ;
)
*
'
-
:
••
-
-"
"VaOPC "
'
•
1
7
»
11,353,000 barrels during the'
Oklahoma
405,300
-Mi
'JUL
Kansas
Nebraska
-Change 7!
%v. From
.Previous' 7
5233,100
!
89,750
j
149,250
y*/
i
Week
1942
v
J
1941.
'
393,850
402,750
240,000
191,550
4,300^
.
4,350
550
-
--
Ended
Ended
Mar, 7 ; r ' Mar. 8
3,100
+.,
:i?3,900
!
4 Weeks
,
- Week
V— > 1.700
; (>392,000
245,800
,
5,100
_w-
—
405,300
,
245,800
—v
,
| ~ 1942
March 1
..
(FIGURES IN BARRELS)-
.
March
;
*
.
Allow-;!, Week
Recommenables
:
Ended
dations Beginning [ Mar. 7
,
v
•
,
i
been
DAILY AVERAGE CRUDE OIL PRODUCTION
:■
i '
}.
re-offered
and
1920—
194,424,134
53,406,424
as
before April 1,
or
prices
94,798,665
-
173,540,753
bonds
redemption
The highest
1924-—-—
234,167,550
35,292,689
on
prior
133,823,923
17,571,818
re¬
serially
Due
—
1932——
sold
associates,
and
2.23%.
subject
and
bonds
A' refunding
New
—__
:1~.
I;
1938
'%,:%.»■,•
%■/ '■
Ky., series
York,
cf
Co.
&
1
February
Two Months
1929—$69,901,723 $145,612,446
128,515,297
of
Goldman,
*
-
256,683,191
prices to yield from 0.40% to 1.70%, according: to maturity.;"
N. Y., various purposes bonds purchased by Lehman Bros, of
New York, and associates,
as 2.70s,
at 100.11, a basis of about 2.68%
.
re-offered" to yield from
according to maturity.
:%%*•%;;•
2,000,000 Harris County, Tex., road and bridge bonds, series B of 1942, awarded
to a syndicate headed by Halsey, Stuart & Co., Inc., New York*. at 2.20s,
at
100.389, a basis of aboplt 2.16%
Due annually from 1943 to 1962,
inclusive, and re-offered at prices to yield from. 0.60% to 2.20%
according
Panhandle Texas
to maturity.
1,480,000 Hartford County
Coastal
serially
to
0.85%
from
1943
to
1962,
inclusive,
and
2.70%,
.
,
'
Metropolitan
,
District,
Conn.,
•
•
—
West Texas
-
-
.
North Texas
-
f
.
%
-r
^
——-
East
Central Texa$l_>^a v<
East
Texas
,V
————
,
.
Texas
+
; 550
'37,350
90,900 %
—
.
368,200%^
—-
•
500
:
1
•; ' 296,000
—
!1,473,450
—
42,000
-
-
.
-'.t* ; ..'81,550-'- + - : t.
' -
m
%'
—.
°314,700
—
346,031
1
268,450
.220,200
>
255,350"
1,501,350 '1,349,400
50
81,160
-
69,750
-
272,250
2,100
—
205,950
296,800
2,150
T^350,000
72,450
374,450•
368,300-
700
•
236,800
90,650 %
^200 i
*1,338,600 cl,344,963
——
' 290,800
216,050-6,850
;
«
•
——
emergency_ water.
86^500
72,800
148,1007 X 131,600"
3,050
)
..
..
.
"+
:2,663,300
<
..mm:-;-m
-
Southwest Texas —'
supply, t- Total Texas
bonds awarded to a group managed by Halsey, Stuart & Co., New York,
North Louisiana
as
l%s, at 97.198, a basis of about 1.92%.
Due serially from 1943 to
Coastal.Louisiana
1982, inclusive, and
re-offered at prices to yield from 0.50%
to 2'%,
Total Louisiana
according to maturity.
%%%/% %;%%■'
Arkansas
1,360,000 Erie County, N. Y., home relief bonds purchased by Halsey, Stuart & Co.,
Mississippi
Inc., New York, and associates, as 1.40s, at 100.128, a basis of about
Illinois
1.35%.
Due serially from 1943 to 1946, inclusive, and re-offered at prices
Indiana
to yield from 0.60%
to 1.25%, according to maturity,
m--.'- %.
'.%'
Due in 15 years.
par.
and
%,;
For the
53,799,855
..
bonds
$160,472,232
' Month of
-
64.870,100
Yonkers,
Due
4s, at
as
.
(callable)
B
Two Months
'
171.946,014
at
have been sold to the Commercial
State
by
2.25%.
about
bonds
revenue
inclusive,
1948,
series
Rochester, N. Y., various purposes bonds awarded to a syndioate_ managed
by Halsey, Stuart & Co., Inc., New York, as 1.70s, at 100,056, a basis of
2,157,000
City
sewer
to
1943
revenue
a
to
3,065,000
Secretary
E. T. Eubank states that $35,000
semi-ann.
from
1
1.35%, according to maturity;
to
power
%
—
headed
price
a
100.54,
banking
Ranger, Texas % %.••.
—
and
decreasing price scale ranging from
price obtains in the case of bonds called on
the $96,000 2V2%
Sold
1
on
—
(
Bonds
at
April
series of' 1942,
have been sold to Garrett & Co.,
of Dallas, at par.
Dated Jan. 1,
1942.X Legality approved by W. P.
Dumas, of Dallas-.
;
■
at
2V4S,
'
bonds,
refunding
3s,
purchased
that
tion states
light
tion on and after Jan. 4, 1953.
3,409,000 Louisville Municipal Housing Commission,
the
of
tendent
April
on
from 0.50%
_
1940—;-——~
basis of about
a
•
.
;
For the
February
,
I
1939
by the First Boston Corp., New York, as 2 Vis, 23/4s,
100.28, a net interest cost of about 2.72%.
Due
semi-annually from Jan. 1, 1943, to Jan. 1, 1962.
Subject to prior redemp¬
The %- Superin¬
Board of Educa¬
Sold
Bonds
account
an
and
(P. O.
McLeod), Texas
•
to
as
;;;%:%:%
McLeod Ind. Sch. Diet.
serially
Wash.,
Tacoma,
The
material.
required
up
bonds
Due
offered to yield
4,000,000
1.40s, at 100.069,
and.
..
we
$40,948,781
j,
f
1942
,
as
1939
series of years:
a
Month of
.%%:%/% ■_'.%;
,%■•
As to the outlook for general market conditions, all signs seem to
favor a strong position.
It is abundantly clear, for example, that the
constitution
and
the
laws
of
Government will make every effort to maintain interest rates at
Texas.
%■.
%;:;
current low levels.
This fact, coupled with a diminishing supply of
Lone Oak Independent School Dis¬ new issues, augurs well for a continuing strong technical position.
Furthermore if, as is rather widely believed, the Administration is
trict (P. O. Lone Oak), Texas
defeated in its attempt to subject municipal bonds, including those
'?■ Bond
Delivery
Pending — In
now
outstanding, to Federal taxation, the favorable effect of such
connection with the sale of the
a development on the market for such instruments hardly requires
$21,500 4% semi-ann. construction
elaboration.
'
bonds at par to Rauscher, Pierce
Financing in February included the following issues of $1,000,000
& Co. of Dallas, as noted here last
or more:
September, it is stated by the
$7,200,000 Milwaukee County, Wis., relief bonds awarded to a syndicate headed by
Superintendent of Schools that
the National
City Bank of New York,
comparative purposes
months for
two
taxable
,
$40,000,000 in February.
;;
>.
;
add the following table showing ^
the output of long-term issues in this country for February and the1
diminish.
than
1940;
.
.
,
For
indication of
This is not to
suggest, of course, that the prospect is for a complete lack of anima¬
tion in the municipal bond field.
to
in February,
'
municipalities in the United States emitting long- '
term bonds and the number of separate issues made
during Febru-'ary, 1942, were 192 and 213, respectively.
This contrasts with 199
and 236 for January.
-%%;%%,.%
%: '
:
the smallest output for any month since
the probable trend of borrowings for the near future.
Bonds Offered for Investment—
successful
handful of issues of general market interest
a
the figure was only
25,000 park bonds, as 2s.
Due
$3,000 in 1943 to 1947, and
$2,000 in 1948 to 1952.
240,000 fire station and alarm
system bonds,
at 2s.
Due
$12,000 in 1943 to 1962 incl. ;
The
1941;
The number of
States and local subdivisions during February, with the result
total financing for the period was no more than
2s.
1962
as
February,
$50,000,000 in February,
Municipal Bond Sales In February
$8,000 in 1943 to
1962,.
■
.
widening
street
2s.
as
in
none>
226,350.
353,350
296,100
.
Tarrant
Fort
County (P. O.
Worth), Texas
71,500
?
—
•53,100
362,500
„—
———
Bond Sale—The $150,000
on
semi-
March 9—v.
awarded to
155, p. 977—were
syndicate composed
a
of R. W. Pressprich & Co. of New
York, the First National Bank of
St. Paul, and the State Investment
Co. I of Fort
Worth, paying a pre¬
$17.77, equal to 100.0118,
interest cost of about 1.82%,
mium of
a
net
Eastern
short-term basis during February in¬
volved the sale of issues aggregating $36,379,589.
The extent of the
increase in short-term money rates in recent months is clearly illus¬
Municipal financing
on
(Not
111.
Ind.)
a
bonds divided
follows:
as
Incl.
1
———
Colorado—
Mex'co
New
of/Calif.
soon
the
(*i
a
possible
Railroad
114,500
627,000
March
thus
as
.
3,165/700
—i
aOriginal
marked
'
recommendations
total
of
Commission
The
information
bOkla.,
tions sold in
Brattleboro, Vt.
"
Note Offering—Bids Will be
ceived
until
7:30
p.m.
on
March
16 for the purchase of $100,000 tax
notes, dated March 26, 1942 and
due
Oct.
15, 1942.
Permanent
1942"
v
CRUDE
loans
•Temporary loans
(U.
of
RUNS
(temporary)
36,379,589
90,000,000
Committee
63.592.112
U.
King County Drainage and Irriga¬
Total
in
U.
142,000
4.095,500
21.277,183
None
S.
S.
Possessions-
_
31*720,200 105.045,000
-
None
None
None
None
None
None
None
167,470,370
348,341,089
-
None
'1,400,000
None in .February, 1.942;
(P. O. Seattle), Wash.
Sale
Details—It
is
CANADA
i
.
noted here
chased
on
Jan.
interest
as
1,
on
4s
Dec. 20, were pur¬
at
will
be received until
10
a.m.
on
Treasury
of $45,000,000 Treasury bills was
16, by Robert A. Morris,
sold Feb. 26 at an average yield of
Clerk of. the Board of County
Commissioners, for the purchase 0.547%. Dated Feb. 27, 1942 and
due May 29, 1942.
of $90,000 improvement bonds.
par
and
mature
1954; callable
payment date.
on
-
any
•
:
%
u-
7,
1942
V
.
-.■
/-j.
,m.V
'
11
•
'/:• >
m
;
-
:
;.'
•
Daily Refining :
v
Capacity
>
. %
/
.
; '
r;
v
at Refineries
■
!
Stocks
eStocks eStocks
Finished ,ot Gas
of Re-*,
Crude
Runsto Stills Includ. and
Oil and . sidual.
% Op-, Natural finished Distillate. Pueli
Rate porting Average erated Blended Gasoline
Fuels .. . Oil.. )
% 714
100.0
544. .
76.2
1,473
18,408
7,741 - 6,976
174
84,5- - 144mJ
82.8 '* . 504
4,0l8,.H.
365
611.
V .784
84.9
I v,679 J X, 86.6 /.
2,435
22,662 , , 3,007 ■ 3,919
418
81.1
322v
77.0 : 1,192
10,532 "
850
1,895>
266
65.0
189 :
71.1 % "
818
3,715
77
1,169;
'1,130 ' : 91.3 J 815 1 *72.1
2,361
21,403 '
7,401
9^102
'
176 '
94.9 '
141 /
80.1
402
4,527
1,503
2,135%
97
51.5
79
81.4
231
1,218
123
296
7;% v/Poten-
-r
«■
v
-Gasoline
Production
:m
;
" ^ >
'
•
r
>
..
Coast
East
—1—;
Appalachian
lad:,. 111.,- Ky.^-^-:
okla., Kansas, Mo.Texas
Ihland
Texas
-—
Gulf
Louisiana' Gulf •—VLa.
Arkansas-
&
Mountain
—
Galiforhia
Tot;' U." S.
-
.
.
138 ' V 50.7
.% '787: " 90.9 "
'M.
.
>
85
532
61.6
%
:!-
.67.6
328
1,609
.
~~
2,469.
17*716
~
.
•
306
12,01 J-
618;
60,310,
,
•■*%."
,33,386
87,531
4,084
80.9
' ••
3,530
of M. %
basis Feb. 28, '42—
4,684
86.9
3,875
78.5
12,131
105,635
34^47
88,285
3,499
—
11,288
96,075
33,445
95,836
B. -Of
basis Mar.
Canada
March
Producers.
STOCKS OF
kJ':.Dailyi
,
(Dominion of)
Bills Sold—Ah issue
Oil
Figures in this section include reported totals
pius an estimate of unreported amounts-and area Bureau of Mines basis
-v.-
Rbcky
now
States
——therefore on
•
No.
King County Sewerage and Drainage
District No. 2 (P. O.
reported that the $5,000 semi-ann. I.
Seattle), Wash.
refunding bonds sold to the State
Bond
Offering — Sealed
bids
Department of Conservation, as
Bond
California
OIL, WEEK ENDED MARCH
...
%
445,767,814 277,590,039 187,770,185
•Includes temporary securities issued by New York City:
12
v
j*'%%.*.
in
(Figures in Thousands of Barrels of 42 Gallons Each)
•
•
*
of
PRODUCTION OF GASOLINE;
STILLS;
>
.76,500,890
25,000,000
downward
revised
the
'
■--mm.
64,870,160 171,946,014 > 53,799,855
171,750,789 118,776,800 169,694,684
80,000,000
50,000,000 50,000,000
,
Canada
Placed
No.
—
614.900
3,633,450
yet
■■
$
$
640.750
4,026,450
Ind.
Conservation
TO
V
1938-
(permanent) :
Placed in
District
40.948,781
S.)i
(U. S.)
Canadian loans
Bonds of
Improvement
>
1939
1940
$
-
were
3,018,"550
3,385,700
1,300
81,300
FINISHED AND UNFINISHED GASOLINE AND GAS AND FUEL
1
Canadian loans
WASHINGTON
tion
1941
O.P.C.
18.250
3.700
104.200
figures
basic 31-day allowable
^Recommendation
-
Miss.,
a
$
February—
re¬
82,600
+
—
39,800
85,150
Texas
through
revisions
on
Kans., Neb.,
>
comparison of all various forms of obliga¬
February during the last five years:
,/
furnish
27,850
—
86.300
..
50,700
86,350
21,550
5.850
113.400
150
—
3,934,350
of
'
2,250
850
+
—
19,150
'
barrels daily as of March 5th to' take effect as.
State allowable was revised as indicated by
204,100
thereafter.
plished in February.
we
18,650
94,650
624,150:
d627,000
3,792/700
326.550
application of additional shut-down days.
No
available for other states.
are for week ended 7 a.m. March 4.
m
cThis is the net
as of March 1 but exoerience indicates that
it will Increase as new wells are completed, and If any upward, revisions are made.
With a few exceptions, the entire state was ordered shut down on March 1, 7, 8, 11,
12, 14, 15, 18, 21, 22, 25, 30 and 31.
^
, V--v /.
,
7:
official
■
Below
1,800
3,300
—
-
•
*100,200
Total United States
$600,000,000 Victory bond
+
3,310,200
6,400
—
—
Total East
California
,
-
,.
340,400
—
48.600
85,250
21,450
5,550
92,550
T
21,000
—
70,700
20,600
,
88,500 7
2,150
+
92,250.
>
80,500
experience of the State of Massachusetts in that period.
State disposed of issues of approximately the same maturity in
January and February and the interest charge was 0.29% and 0.36%,
respectively.
The month of February witnessed the .offering of a
second
620,950
>
-49,500
——
trated in the
72,800
m "
6,600-.
337,050
•
--
4,000
"
<
v
Wyoming
Th
VERMONT
;
^
93,500
>
Montana
69,850
b84,250
-
-
Michigan
issue by the Dominion of Canada.
Tne
$75,000, as 2s, due $15,000 from issue was available to subscribers in three series, as follows: 2lk%
bonds due Sept. 1, 1944; 2V4% bonds maturing March 1, 1948, and
Oct. 10, 1.943 to 1947, and $75,000
3% bonds due March 1, 1954.
The selling campaign was conducted
as l%s, due $15,000 from Oct. 10,
in the period from Feb. 16 to March 7, and the results of the under¬
1948 4o 1952. •.
The nominal
Bonds Offered for Investment— taking will be reflected in our figures for March.
objective of $600,000,000 had been exceeded by approximately $200,The successful bidders reoffered
the above bonds for general sub¬ 000,000 by March 6, and officials were hopeful that their aim of
$900,000,000 would be achieved.
The amount of issues placed by
scription, the 2% bonds priced to
local Canadian municipalities during February was only $142,000.
yield from 0.80% to 1.50%,. and
With regard to temporary borrowing in the month, the month was
the 1%% bonds at prices to yield
from 1.60 to 1.90%, according to $90,000,000, and this was accounted for by the National Government.
No United States Possession long-term financing was accom¬
maturity.
the
on
&
| ;
1
"
'• >-.18,000
—-
-
offered for sale
bonds
road
ann.
71,500
.
-,
Tot.
U.
S.
7, '42—
S.
of
U.
'
75.4
.
11,353 al06,668
Mines
basis Mar. 8,
;
•
B.
Bur.
X
'41—
Unfinished 8,418,000 bbl.
Stocks of Aviation Gasoline are.
totals.
eAt refineries, at bulk terminals, in transit, and in
' -.
—)
eFinished 98,250,000 bbl;
included
in
Pipe, lines.
foregoing
—
-
Volume 155
Number 4055
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Condition of the Fodoral Reserve Bank
Foreign Exchange Rate
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is
'
•
1073
now
of New York
cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of th«
.
world.
We give below
.
FOREIGN
record for the week just passed:
a
HATES CERTIFIED
EXCHANGE
"-yy.r
a^aav
BY
;Y
;•
i
FEDERAL RESERVE
TO TREASURY
BANK
UNDER TARIFF ACT OP
and
Unit
Monetary
Mar. 6
Mar. 7
'
•
••
•
;
*
<A--:A
York
Mar. 12
Beiga'
Belgium,
:
—.
-------
fr'
-
Czecho-Slovakia, koruna
Denmark,
1YYY
t -aY
—
Bulgaria,^ Je Y
■
Y:
.—
krone
•
YhavY
t
——
$
Y Yt
t
from
U.
S.
Treasury
F.
—
'
;;Y
Bills
t
..
ie
YY t
YYt YY
Official
■A
---A
———
Free •'
...
4.035000
4.035000
1
----------
4.035000
11-
France, franc
Germany,
■
.'
.
,
leu
t
t
Y
t
/Y
•'
■AA^t"
'■
Yy
krona
————
franc
Yugoslavia,
Due from
aY
F.
.t
R.
China,
Shanghai dollar
China,
Tientsin dollar
Hong Kong,
India
4
a:a:
t
t
t
YY>
t
t
t
M
YY
t
t
t
.
rupee
Japan,
Yen
Settlements,
•
t
t
t
t
t
.301215
.301215
±
Y
t
t
.
se¬
632,503,000
•'
628,027,000
foreign banks
"
banks
629,706,000
"
18,000
A
A
634,821,000
18,000
18,009
3,167,000
2,429.000
2,204,000
230,393,000
223,487,000
206,826,000
9,607,000
15,447,000
R.
notes
9,093,309,000
8,935,771,000 10,737,092,000
.
in
actual
cir-
«
1
36,010,000
164,668,000
285,156,000 "
665,741,000
462,232,000
433,410,000
455,000,000
—
6,566,297,000
6,457,893,000
8,832,889,000
items
203,220,000
186,627,000
180,107,000
905,000
751,000
988,000
8,934,285,000
8,833,876,000
10,608,976,000
deposits
deposits
t
t
t;3
47,849,000
293,210,000
—
Total
t
f
7,547,480,000
.301215
**t
t
t
5,703,317,000
Acct.
Treas.—Gen.
V t
.301215
1,594,992,000
5,763,006,000
acct.
Foreign
t
-
2,191,605,000
'
Member bank—res.
S.
.
2,193,863,000
Deferred
Other
availability
liabilities
including
accrued dividends—
3.228000
New Zealand,
3.228000
3.228000
3.228000
3.215033
3.215033,
3.215033
3.215033
3.227833
3.221833
3.227833
3.227833
Total liabilities
3.227833
v;
Capital Accounts—
-
<
,
Capital paid in
52,208,000
52,230,000
51,517,000
Surplus
j#1
:
South
oi
3.228000
3.215033
3.227833
pound •———'
africa
3.228000
3.215033
-
Free
NORTH
.
624,742,000
pound—
Officia;
Union
'
..-
.
622,060,000
10,470,000
AUSTRALASIA—
Australia,
372,013,000
260,499,001)
.13,988,000
t
-
:
t
.301215
.301215
t
————.
dollara——
a
191,220,000
'
and
U.
t
•
1,752,000
'
.
14,417,000
t
t
—_
.
.
433,522,000
131,181,000
securl-
Deposits:
t
t
—
(yuan)
(yuan)
dollar
(British),
Straits
56,651,000
56,651,000
56,417,000
(Section 7)
Surplus (Section 13b)
3.980000
Africa, pound
3.980000
3.980000
3.980000
3.980000
3.980000
7,070,000
7,070,000
7,070,000
13,095,000
12,944,000
13,082,000
9,093,309,000
8,965,771,000
Other capital accounts
AMERICA—
Total
dollar—
Canada,
Y\; Official--.-,.,..—
.909090
.909090
.883828
.883515
.205650
.205460
.205700
.909090
.909090
.881250
.881250 "r
.909030
.903090
-
i
r
Free
—
A
.883750
.
—
A
.8825001*;
■;
.881328
Ratio
.381250
.205725A
■
.205725
.205750
".909090
liabilities
and
capital accounts
.909090
,>909090
•
.
430,879,000
;
—
and
notes of other
Other
.
Govt,
;
"
'
10,470,000
F.
t
,
1,097,000
510,000
a
culation
China, Hankow dollar (yuan)
560,000
Liabilities—
t
China, Cheioo dollar (yuan)
56,000
3,867,000
,
Total assets
dinar
100,000
di-
direct
bills
' y
3,767,000
guaranteed:
S.
:;a
■
Other assets—
§
§
V:'
Bank premises
§..
5...
>•"..•
1,097,000
•
securities,
U.
•v-v*'.•
a"'{'r
a;' ■-'."a,;,;
.'A. ;.--'.
4,870,000
Uncollected items
V-
------
1,519,000
600,000
ties—
t
Y
t
V
4,270,000
A
Total
.
ASIA—
•/•;
;s'AA
AA^/A
•5'
——_
'——
——
9,868,109,000
discounted-
curities.
'
Switzerland,
8,085,673,000
.
v.-
Total
•
Y
§
.—
——
86,662,000
;
Notes—
t
f
.,
1,342,000
—
guaranteed
;r:
'
a
•
Bonds
'u'-1
-
—.
Y.—
Govt,
t
t
§
YY
Y
t
t
t
;
§^I.;A:aaa: .a'/a A
—-
peseta
t
t
:
YY1 -Y;
t''
—-—
S.
rect and
t
t
,
.
8,206,817,000
discounted:
Total bills
U.
t
■
-
.
9,779,928,000
64,103,000
Industrial advances-—
4.035000
..t-...
V;Yt YY
t"
t
Rumania,
Sweden,
•
—r.
_
escudo
Spain,-
\
t
zloty
Portugal,
4.035000
/'Y t
————
Norway, krone J
:,
-
——.
Netherlands, guilder
.
t
4.035000
t
t
—
pengo
;v
t
/
A
reichsmark
Italy, lira.'
Poland,
t
t
drachma
Hungary,
"4.035000
8,020,228,000
1,342,000
guaranteed^--
v
-V'
#
68,539,000
Other bills discounted
4.035000
t
Finland, markka
Greece,
4.035000
/;;a>Uva
4, 1942- Mar. 12, 1911
.
by U. S. Govt.
obligations, direct and
YY t Y
4.035000
4.035000
4.035000
.
business
$
8,136,936,000
Secured
England, pound sterling—
.
Federal
of
R.
Total reserves
t
Yf/Y
Y
the
♦
;.
t
t
■
of
close
$
tother cash
Y/ $ YY
$
$
■
the
year.
hand
on
Notes
Ya^Y-A
at
Mar, 11, 1942 -Mar.
certificates
Redemption fund
■
:
EUROPE—
condition
corresponding.date last
due
Mar. 11
-
the
New
of
Assets—
'w'..
Mar. 10
Bank
shows
Mar. 12, 1942 in comparison with the previous week and
the
•Gold
United States Money
Mar. 9
•
1930
ya ;;.;a,y
.
for Cable Transfers in New York
Value in
.
following
Reserve
march 6 to march 12, 1942, inclusive
Noon Buying Rate-
Country
:y .Y:
-
■
The
.909090
of
total
deposit
and
F.
R.
v
to
reserves
10,737,092,000
'
„
>'
-
■
note
'
Mexico, peso
Newfoundland,
dollar
.
liabilities
:
'
Commitments
Official
Free
•
.909090
.903090
.881041
A
A
.880000
.878958
dustrial
.878750
"
|f'|
.......
j:
*
Argentina, peso—
.297733*
.297733 *
.297733*
.297733*
,237044*
.237044?
.237044*
.060580*
.060580*
.060580*
.060580*
.060580*
.051385*
milreis—
^
Official
-
f
.051385*
.051335*
.051385*
.051335*
.569975*
.569975*
.569975*
.569975*
worth
less
having been
.
Free
Chile,
reserve
1,584,000
notes
or
bank's
a
the Reserve
the United States Treasury for tha
banks
when
the dollar was,
on
Jan.
.051335*
.569975*
-
from
over
431,000
Federal
•
given by
31, 1934, devalued from 100
,
——
Include
not
certificates
are
94.6%
in¬
431,000
does
.237044*
ing
Brazil,
:
These
93.5%
.297733*
.237044*
.060580*
—
make
cash"
Federal Reserve bank notes.
gold taken
.297733*
.237044*
Official
1
Free ;
to
93.7%
advances
t "Other
own
SOUTH AMERICA—
combined
to
the
cents
extent
appropriated
as
of
to
59.06
the
profit
cents, these certificates be¬
difference/ the
by the Treasury
slons of the Gold Reserve Act of 1934.
-
difference
under
'
,
'
.
Itself
the provi-*
-
peso-r
'
Official
.
:
—
§
Export
-
Colombia,
peso
—
Uruguay, peso—
.
s
t
.
:
§ New York Money Rates
•
.569975*
Dealing in detail with call loan
w.,
rates
the
on
Stock
"Controlled----—-------i-------
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
Exchange from day to day, 1 %
was
the ruling quotation.
Non-contrelled
.526970*
.527220*
.527220*
.527220*
.527220*
.527220*
\ all through the week for both
new
loans and renewals,
♦Nominal
.-—J——
—*
H No
rate.
rates
I Temporarily
available.
omitted.
.
The market for time money continues quiet.
Rates
con¬
tinued nominal at 1%% up to 90 days and ll/z% for four
to six months maturities.
|||| Weekly Return of the Member Banks of the Federal Reserve System
mercial paper;
! demand has
of Governors of the Federal Reserve System, giv¬
reporting member banks in 101 leading cities from
always a week behind those for' the. Reserve banks
Following is the weekly statement issued by the Board
ing the principal items of resources and liabilities of the
which weekly returns are obtained.
These figures are
themselves.
assets
.
.........
;
:
liabilities
and
/
•
weekly
of
reporting
•
member
banks
^jn ^ij]jons
New
r-
:
t
leading
101
in
-
-
.
Federal Reserve Districts-^--
•
' .»v. Total
Boston
Phila-
York
v .'
Dollars)
delphia
Cleve-
cities,' by-districts, march 4,
ities.
1942-'
land
lanta
mond
$
$
st.
Chicago ? Louis
Minne¬
Kans.
Loans
investments—total
ana
Loans—total
Commercial
market
Loans
to
to
Treasury
agricul. loans——
apolis
City
$
$
$
$
$
953
529
875
690
359
1,145
252
501
The market
2,621
loans
in
Balances
876
342
406
1,411 a
459
265
299
420
169/
228
90S
285
147
301
116
93
42
guar,
vault
with
Banks——.
——
domestic
banks
deposits—adjusted
Time deposits
States
Inter-bank
Domestic
27
15
191
191
34
17
49
184
52
110
206
84
———
—
Government deposits
deposits:
1
556
Foreign banks
2,723
3,670
10,233
526
3,260
•.J57.„
42
;
441
1,518
476
54
131
4,173
1,591
1,590
,
v
?
39
145
A
188
A
60
76
485
21
28(
46
232
42
.'183
1,480
260
332
165
102
61
294
277
66
110
584
761
288
>.221
1,539
136
172
438"'
5,090
25
218
;
416
348
•
A
.
17
2
..
„
17
1,801
.
29
.
11,481
1,085
904
724
568
706
199
189
74
51
64
1,290
1,929
188
-40
•
.
948
351-
21
29
42
42
'
42
68
158
905
147
114
246
•
81
38
,
334
—
Capital accounts
62j
J
.765
j>yjy
29
J
22
zt>l
3,462
•
568
5
257
.
1,667
427
540
399
,
597
8
15
15
88
311
301
20
32
321
Auction Sales
307
15
47
12
494
361
669
106
:
35
630
134
9
A
204
1
9
45
25
396
1,496
2
19
25
6
102
100
434
101
2
218
425
of the New York Reserve
306
14
183
A:
The bill buying rate
Bank is Vz% for bills running from 1 to 90 days.
155
64
193
.t
22
645
„
%% bid and 7/ltf
are
Vz% asked; for five and six months, %% bid and 9/16%
29
1,460
129
1,104
44
153
'
A;
including 90 days
asked; for bills running for four months, 9/16% bid and
Transacted by R. L. Day & Co. on
/■
■
■
//,
Shares
12
5
*—
—
bills up to and
asked.
'281
•
rates
191
206
3,529
Dealers'
reported by the Federal Reserve Bank of New York for
11:
1,529
- 217
The demand has been good but
in light supply.
been
388
V
24,815
5,188
a
has
65
V
122
A
quiet this week.
prime bills
22
85
30
A
76
very
-
prime bankers' acceptances has been
36
41
609
48
for
,12
58
82
249
46
90
28
235
A
57
216
69
100
-
.
70
.
:
4
113
■
.7 >:-a
14
33
-
150
883
.•
....
3
15
94
paper
%—3A% for all matur-
10
93
266
468
,
30
16
162
'"■•'i 26
5
are
*
I
•
465
y
76
"•A.
27
•
'
-
('
56
32
A
1
6
24
\ir.
.
2
4
10
41
,
•
-"17
26
V .A
122
'
-
8
6
9
29
143
AA
4
r-
1
"
.......
'
banks—
Borrowings ——
Other liabUities
76
•
1.893
1,199
2,337
•
.
12
.
——
21
331
15
1,225
.V-';.
33
14
410
1,248
9.615
Govt--——
U. S.
A
832
923
y
460
——
by
,v
2,416
the supply of prime
. ...
Dallas Fr'isco
462
2,896
*
——
liabilities-
United
561
436
32
assets—net
Demand
4,287
6,902
—
Reserve with Federal Reserve
Cash
801
•
*
securities
Other
1,432
—
——.
notes
United States bonds
Obligations
A 4,486
13,600
carrying securs.
Treasury
Other
$
$
1,561
"paper
banks
bills
$
$
30,918
11,374
brokers and dealers in secur.-—
estate
Loans
$
429
and
Other loans for purch. or
Other loans
..;v:
———.
—
Indus,
Open
Real
$
-
Rates
a
Bankers' Acceptances
San
.
ASSETS-
good and
^
^
r -vA
com¬
ijll':':)*:.;/v-'.".
;
r•- "r
X At¬
Rich¬
been
fairly large,
"
..
.
"
:has been
The market for prime
has continued 'quite active; this;week< Tlie
513
329
403
1
19
~8
4
~5
337
65
112
93
339
18
/■
"
Wednesday, March
;
.
-
STOCKS
■
•
.$ per
.
.■'*/'
Share
Pittsburgh Bessemer & Lake Erie RR., 6%pref. (par $50)
Manufacturers
National
Bank
Realty
Trust,
85
preferred
$100)
'Columbian
i
$1,000
.
■
■
(par
■
■;
29
National Life Insurance Co.
(par $100)
60
BOND
Boston & Albany RR., 4V2s. April, 1943—
--.-$100 & int.
■
.5 •' t."
THE COMMERCIAL & FINANCIAL CHRONICLE
1074
Course of
Monday, March-16, 1942
Weekly. Return of the Board of Governors of the Federal Reserve System
Sterling Exchange
The market for sterling exchange is devoid ot interest;
Transactions
are
limited
and fluctuations
negligible.
.COMBINED
.
.
RESOURCES
AND
LIABILITIES
FEDERAL
THE
OP
BANKS
RESERVE
THE
AT
CLOSE
OF
BUSINESS
MARCH
11,
1942
The range
for the pound this week has been between
:$4.031/i and $4.03% for bankers' sight, compared with a
range
and
Redemption
Reserve
Bank of England continue
♦Other
unchanged; New York, $4.02%-$4.03%; Canada, 4.43-4.47
(Canadian official, 90.09c-90.91c per United States dol-
lar);
*
3.2442.1
*
i
'
•
*
.
;
i
and
On March
i,
v
10 the House of Commons
voted
a
-
*
\
L
t
March 31 and £1,000,-
be
even
Due, from
84.7%*- in
J
3,144:
,
20.889,535
20,839,104
2,234
2,518
3,969
?,
-
1,064
'
7-
16,436
.337,653
:
9,001
-
'7*.'
"IM*i'x,
•:
857
ZZ
3,945
3,738
8,877
•
3,088
'
732
.
; 3,092
.
8,553, :V;
.
3,582
9,421
?.024
;
3,203
9,512
- •
"
1,569,986
1,557,560
692,500
692,500
1,550,155
.692,500
1,550,155
.
"
■
i
.->•
V.
692,500
t
1,551.605
.1,550,155
,
692,500"
A
1,466,805
692,500
-
.-■■■
•
777,300
v
6,000
'
>
:•>*
ir.y'it:
10.370
£">
*
2,18fr100|
2,268,261
2,193,333
^2,262,486;.-
2,262,486
2,250,060
2,242,655
2,242,655
.2,242,655
2,250,105
2.254.475
2,276,883":
^
47
2,274,866
2,261,757;
2.254,624
2,255,394
2,255,624
2,262,729
2,267,569
47
47
25,614
items—t.—
•
55,744
ZZ
Y-
47
47
47
47
!
39,896
57,606
40.669
.
.,A
-
47
.
25,717
,-Vt 48,829
24,412,659
27,920
-
,
938,444
■
40,719
49,598
.
31,903 T"T,/34,036
32,779
v.
51,114
.
24,416,735
;
a
37,217
'
1,170,713
*40,734
I
;;
994,637
1,008,459
,40,718
40,710
-t 48,456' i
47,144
1,127,981
:
24,194,784
n
»
t 446,186
t24.274.822
24,267,881
1,210,160
40,785
40,759
'
;T
-
23,616,525 V' 24,282,055
24,264,194
x
-1,171,571
i:
v'
,
tv:
;
26,886
yt ;'
.•
.
25,062
861,916 r 'M,052,446
-
40,699
'
'V
21,874
1,017,394
=
assets
'<yV
■
'
i
assets
47
;
of
40,792
•'
:-45,133"-
*
'45.439
24.400,246
24,440,328
actual
j' A
in
notes
Reserve
circulation:
8,597,388
account
12,968,359
:
JB,584,6.76
8,505,938
12,834,758
12,521,173
573,026
T
t
>:■
deposits
i_
Deferred avail, item?.
liabilities
14,391,932
14,473,831
16,380,610
811,340
x
927,713. *.
7,592
6,364
J
3,340:.
23,889,264
23,245,650
-f.
;
-
?
157.005
13-b)__
26,781
26,785
capital accounts..
47,454
47,354
■; -
MabiuHp*
reo.
24,264,194
uu
ci
Fed.
Bills
j
to
143,115
14,533,362
14,592,010
14,755,942
14.816,378
14,805,163
947,434
911,721
1,007,506
1,087,392
2,653
2,852
3,323
3,179
23,893,739
23,900,640
24,026.123
24,066.318
/
640,156
1,028,672-, :
r
861,625
,
3,082
s
3.421
t
•
23,820,572
7
143,085
143,056
143.040
142,902 '
142.872
142,780
157,502
157,502
157,502
157,502
157,502
157,502
26,781
26,781
26,781
26,781
26,781
26,780
157.502
V 26.780
47,095
46,816
46,889
46.936
$46,997
46,969
40.948
24,232,055
24,412,659
24,416,735
24,194,784
24,267,881
424,274,822
24.400,246
24,440,328
*■■*■
23,616,525.
90.9%
46,996
T
.
-
-
:1142,923
61.1%
:-V'i % c i;
90.7%
90.7%
90,7%
91.0%
91.0%
90.9%
13,374
6.561
13,546
14,921
14,987
14,690
14,132
14,272
6,014
986
5,337
TO
3.406
2,526
2,463
3,079
30
52
196
7211
270
.176
153 •;
74
84
140
274
308
l4d
150
156
163
C.. ;i'~.
make
Distribution
190.8%
90.7%
14,277
,
14,427
of
Short-Term
?
Securities—
•
/;
•
,1-15 days bills disc..
16-30 days
bills disc
31-60 days bills disc
61-90 days bills
90
656,951
14,572,726
,.
-
advances-
and
663,125
Res.
liabil. combined..
Maturity
716,060
and
accounts
industrial
729,779i Y 754,816
682,406
684,551
..
T
c
note
284.180'i' ,'.-'418^09
,302,149:;
.376.245
'V
8,170,584
12,991,582
13,145,468
628,823
24,042,580
26,781
(section
Commitments
680,744
:;8,i98,9i6 ■;
8,230,125;
13,074,608.
625.385
24,038,196
157.502
-
1
"
> 139,671
and
318,516,1
'
626,097--
3,733
V
."i"
143,193
capital
263,522
-
1,054,688
23,907,661
-
157,502
posits
8,351,642'
.
12,905,279 i- 12,848,808
'
7)
Ratio of' total
:
649,887
504,342
938,914
,
Capital Accounts
T&nl*
8,422,164
ij
includ¬
Capital paid in
Surplus (section
Over
* 798,429
-
715,809
554.517
4
•
if
:
286,848
■
-.
585,202
;
14,345,372
ing accrued dividends.
r
8,438,100;
13,057,722
<
.
Total
liabilities,
421,423
1,163,143
743,729
...
Total
6,047,338
60,267
Foreign
deposits.:
Other
Other
:
14,210,842
banks
days
28
v
m
100
disc
:l4i
Dills disc-
j
£' 72
56
__
105
,
a.
■
•7 16
3,173
24
2,310
23
if:',-773
,
">
32
67
48
462
318
i
427
*174,,
2,624
7;" 37
'
249
U.
327
560
:
•• it
'
i
Total' bills
days
ind.
adv._-
days
ind.
adv
While the Australian figure
31-60
days ind., adv,
days ind. adv
61-90
the tax experts said it would exceed
Over
90
1,352
6,339
,
1-15
2,140
5/763
-
-373
i;«
125
.*
'4,724
,
.
r
407
361
178
153
,
.
205
«
..
5,339
-
'
8,499
'
< 39r :
-
8,553
T
3,201
3,166
'- '
^405 ^
203
-
^
'149-
3,582
3,133
4 321
"
600
215
■
■<■•195'*
w
392'
5,428
3,738 > * - -3,945
2,673- T ^-- v21680 '-
•
2,495
'
343
256
4,722
-
3,092
2,399
•
.
318
,
953
6, KM)
3,144
2,225
387
967
days ind. adv...
464.
483.
_
3,881
•
2,199
,
1,054
't
372
-418*T
'
"182
,
156
5,430
"5,384
5,372
5,537
9,001
9,024
9,421
'
5,428
8,877
.
9,512
*•
-
Total Industrial adv
'U?
000,000 and the Treasury Department estimates that -the
1943 deficit will amount to $39,800,000,000. even if the
new taxes now under consideration yield the anticipated
$7,000,000,000 of revenue.
The public debt on June 30
is expected to amount to $70,600,000,000 and to reach
$110,400,000,000 by June 30, 1943.
With only $1,400,000,000 of borrowing power available for further financing,
Secretary Morgenthau urged prompt extension of the
national debt limit from $65,000,000,000 to $125,000,000,000.
The House unanimously voted the requested in¬
crease on March 10.
It was pointed out in the debate
that the contemplated limit is equal to the assessed val¬
uation of real and personal property in the. United States.
Mobilization of men and women for military or indus¬
8.
Govt,
•
direct
■
and
L-15
■,
31-60
f
61-9Q
90
Over
Total
,8,686
4
securities,
„
^
8,634
„
.**•'.
"
-
■
ZM'J
*
' v-1 "
"
,
,74,800
.
Z
1
1
S.
1,000
—i'
-1
•
'curities
6,000
95T70
2t244"l05
2,158^305
2,250,105
2,254.475
8,647,111
8,629,228
-
Govt,
direct
2,262)486
2,250,060
2,242,655
2,262,488
2,250,060
2,242,655
8,970,109
8,886,489
8,860,234
8,812,972
299,907 77: 385,433
380,551
422,134
390,808
.
2,242.655
2,242,655
2,242,655
,
2,242,655
-
se-;
andr
2,253,236
Reserve
2,262,486 1
2,109,300 j
2,253,236
guaranteed
Federal
-7,881
-
days
U.
>
.
guaranteed-
days
days
days
days
16.:30
2,184,1<H1
-
.<
2.262,488
•
Notes
Issued to Fed. Res, Bank
by F. R. Agent
In
'security
issued
to
Gold
V
vice, in order to obtain doctors and dentists needed for
the armed forces," and men between 18% and 50 are sub¬
ject to call.
Girls of 16 and 17 are now being required
to register, making all women between 16 and 41 avail¬
able for service.
Thus far 5,000,000 women havq.been
registered and 1,500,000 have been interviewed.
Place¬
ments average 35,000 a. week. In the United States the
National Industrial Conference Board is urging the estab¬
lishment of a national labor registry to determine the
on
eligible
Total
by
for
8,597,386
agent
notes
S.
1
.
hand
6,047,336
'
•'
bank—
due from U.
By
403,304 7. r
actual circulation.-."'
Collateral held
_
•
6,347,243
9,000,690
Held by Fed. Res. Bank.
as
trial service is being extended rapidly in Britain. ? Men
from 41 to 45 were recently made liable to military ser¬
women
13,437
353,083
':V>
715
712t
8,499
8,634
-
; 1,569,986
2,253,236
reserve account
t—
U. S. Treas.—General
ex¬
Despite the record United States national income, the
deficit for the current fiscal year is placed at $18,600,-
dustries.
notes
Deposits—Member
'
number of
t
'692,500
sec.,
16-30
not available,
12,195
Liabilities
under present
the rates cited for the other countries.
:
1,284,600
••
sec.—
premises
Total
with the proposed in¬
Canada,
20,488,015
■
.
54.7%;, in Sweden,
and 51.3% in South Africa.
was
.
under the proposed law, compared with
Britain, 69.5%. in
•;
•
;T. $
.
20,523,015
':x[->
guaranteed
•:I
banks
Federal
paid in the United States are ;lower than
Britain, Canada, Sweden, and Australia.
By way of illustration they noint nut that, rn pn
of $2,500 a single person with no dependents pays in the
United States $165, or 6.6%, and even uriuer
Ire.asury's proposed tax schedules he would pay only $345, or
13.6%, whereas the comparable tax in Britain is 45.4%,
in Canada 19%, in Sweden 14.8%, in Australia 12.9%,
and in South Africa 4.6%.
On an income of $100,000 the
to 69.6%
1941
20,905,666
3,006
2,377
■
,vt,'
y.:
income taxes
or
7,881
8,686
foreign banks.
Uncollected
Bank
Other
in United States taxes, about
United States tax would amount to 53.2%
$•
"
570
.
.
i
+
and
Reserve
other
those levied in
law
$
'/.
i;-,.. 371,455
20,883,348..
20,884,575
1
■
C
-
■
2,432
;•
3,881
.,
5,763 ■:
692)500 "
Govt,
&
bills
Federal
half the total na¬
tional expenditure will have to be .met by loans, much
the same as in Britain.
Tax experts here assert that
■
S.
•
'20,522,016
■■"
1—
Jan. 14,"
.
Other
British observers note that
i
i,352
:
3,311
598:,.
;;T:v>4lU-
6,333
L
direct
Total
pended for war purposes.
creases
■■
■
1,560,736
Surplus
will
\
,
direct
sec.,
-
partment economists predicted that war production will
1942, to $113,000,000,0G0 of
$47,200,000,000
20,868,953
20,848,957
If" "'.5,465.',
941.
■
.919
1
U.
M
■
-r—12;737., •"K 11,660
342,320 <• .V T350.171
13,019
13,139
and
5,420
v.i;.
.
Total
raise the national income for
-
:
T '1942
-'1942
$
21,r:'"'
Jan.
'
advances
Govt,
'-:
) ■'.'
■
r
•
placed daily war spending
in the United States at $97,100,000 during February, ah
increase of 17.6% over previous months. The Department
of Commerce reported that the national income, in 1941
had risen 13% above the previous record in 1929 and
22% higher than in 1940 to the unprecedented total;of
$94,500,000,000.
Allowing for an average price rise .of
6%, the real income was found to be 15% greater than
in 1940 and 30% above the 1929 level.
Commerce De¬
that
•/.
-
'
.The War Production Board
estimate
T942;
•
K
.>
"•
a
they
S.
"Jari. 28,
4, : : -
20,503,515 U 20,529,518"' 20.521,517
;^:333,30L ;;1 352,419
320,918 T:
20,441,853 T 20,835,834
20,855,835
-
•Bills
fighting services.
which
T
13,004
ft-
;^.V'327,6«0.vK
and guaranteed: •:>:
supple¬
.
;
'
"w
sTZy- ;.-i $
Govt,
direct s
Notes
The total grant of funds during
the current fiscal year was thus £4,250,000,000.
' Sir
Kingsley contrasted the huge daily expenditure with
last year's rate of £10,500,000 and the -highest World War
rate of £5,000,000 a day during the last two years o£ the
conflict.
'
•;
T
\
for the
I.
S.
Bonds
day to meet the costs of the war, apart from
lend-lease supplies.
Of this sum £9,750,000 is required
£14,500,000
10,914
327,920
guaranteed
U.
?;•
.
In
,
1942
?
Feb.
'
■
000,000 for the new year up to about the middle of June.
seeking the grant Sir Kingsley Wood, Chancellor of
the Exchequer, told the House that Britain is spending
•
1942
20,103,279? 20,-501,912^ 20,502,517
,14,004
reserves-.^.
Industrial
25,
'
Tdtal bills discounted-
mentary credit of £250,000,000 to cover expenses to the
end of the current fiscal year on
20,513,911
Other bills discounted.
been suspended
Japan has
Treasury license.'
v
=
;TT942:.KT-
"Feb;
T ' "1942
Feb. 18,
(Fed.
discounted:
•oblig.,
by Government
order Since July; 26. .In New York exchange on these
countries was similarly suspended, but trading in the
Shanghai yuan was resumed on Aug. 4 under, special
China
fund
Feb.
.:S:;g'v;
and
Treas..
notes)
;
Secured by U.
In London, exchange is not quoted on Germany, Italy,
or any of the invaded European countries.
Exchange on
(
S.
cash
Total
Bills
Zealand,: 3.2280-
New
Australia, " 3.2150-3.2280;
hand
on
from U.
V::' Mar',.4, V-'.m
194
.
due
and $4.04 a week ago.
<
11,
.•
tGold ctfs.
$4.04, compared
Official rates quoted by the,
Mar. 12,
1942
Assets
V
.
Mar.
(000)
Omitted
v'.
of between $4.03% and $4.03% .last week.
The
for cable transfers has been between $4.03%
with a range of between $4.03%
.range
.
1
Three Ciphers
arid
'"'J.
Treas.."
paper..
'
T.'f
!
*
•T
collateral...
-
-387,436
8,671,848
-
441,723
*\
448,195
458,644
8,170,584
6,422,164
: 8,351,642
8,230,125
8,198,916
8,952,000
•
.
8,860.500
8,800,500
8,790,500
2,717.
■mv 3,394
V;':
'K:1.
■"
'ti?
J
■
9,124,500
..
8,584,676 ' 8,505,938 ' 8,438,100
8,739,078
.
6,455,500
V,
1,206
5,905
9,130,405;
9.107.0QO
.I
C;
5,264
6,456,706. ^ 9,112,264
.
9,044,000
•
8,992,000
2,692
3,309
9,047,309
•
,,
.
r
8,994,692 ;;, 8,954,717
f 6,863,894>,
W
3,497
8,803,997
8,760,500
2,696
;
8,793,196
mZf,
3,191
,
-
8,763,691
n.u;—,
„■
•KT
■i* "Other cash" does not include Federal Reserve potes.. .. ,3.
tThese are certificates given by the United ptates Treasury .fpr .the .gold
■
.
•f
.
taken
....
r.,.-
u
^
•,
...
over.'...from;^£he'"'Resei?V9'.^bank's.iwhen''-the-'dollar'-.
,.,,
•.
,
was -
Jan-31,,;1934,^ these, certificates being worth less to^vth^, eKtenkofthe.difference^'the-difference'
itself having been appropriated as profit by the Treasury. under-provisions..ol the Gold Reserve ActvoL.ia34^,^^vis^^igures^.:.^v.,\
devalued
from
100
to
cents
59.00" cents
on
,
.''ows.*.%?.• -.we.'
'
-
/
.
!
.
'
•
-
■
>
•.
/■
facturihg machine tools.,
available for employment in war in¬
-1.
T'
*'■
J
J':
■«■-■■''' '■ '■
I
'■
'r.~LU' o'.'!'.', v
'
He has ordered manufacturers, .. civilian consumntion..; .A.houfef.45.000.000
'
-
r
.
'H ,,
feet, of
sauare,
Only 500,000
3,500,000.
'•
Stressing
the
importance
of the offensive :spirit inT
ijated; husmess mid mdustrial^xecU^'-on March: IDthat-whrlie
production, WPB head Donald M. Nelson called for full i!'Josepkj
Frazer/
utilization of all existing equipment 24 hours a day, 7,.J, J^0JQrs' sP-Sjnj'tted to the
•amountTMii€ededJi» turn the^tide -^"Viictd^^t^ltfNSHVeri-es*.are|.being -rapidly..aQceleTated, with' $56^0^00J&€ftiVtJut-;
}
ing February, apd said the program.has become the chief <
could provide employment for 185,opmskillea mechanics,
means of pooling'the resources of the1 United Nations
part or all of every week-end and from 8 to 16 hours;,.. .A recent study by the National Industrial Conference ;; The report pointed out that "the bulk of lend-lease aid
every week-day."
Production in the 31 aircraft engine
Board of British concentration of production-in the inmust wait upon; the tooling of factories, the: pressing
?nd propeller plants can be increased 25%, he said, if the i dustries serving less essential civilian; needsy shows that .
needs of our own armed forces, and the construction of
days
a
week, in his second of four scheduled broadcasts.
Warning that "idle tools work for Hitler," he stated that !
20% of the war plants are closed week-ends, and "thou--^
s°nds of machines needed for production now stand: idle
•
ments out of vmoTe-feridr-7
iea?e aid to:4hi;:Uniib€Ki'^N3i6n6 =;fallsb^aFr3rtio®t of> the«
War P:rjfductlo^.Bpa^ indispates
>^at jmachipes and facilities wrai
in. 40,00a; shops of
.throughout the country,; which; if_pomed fof war output
,
facilities
i
j
;
of all
are
utilized
Vee with the best records.
to
-
the
same
extent as the
A 45%: increase would im-
^diately result in machiue-t^ol output if a similar deee
of operation were attained in the 15^ pi-hts manuU
U
T
•i
?:"
'
out
of,some 4,000 factories producing. such goods, 1,400
not affected because they employed less than 20
persons.
With 95Q factories closed and 650 trarsferred
were
to
war
work, only 1,000 continue to turn out articles for
.
ships to carry the remaining weapons to pur Allies."
Expenditure up to Feb. 28 of $2,570,452,441 df the total
of $48,006,650,000
of
lend-lease
appropriations
was
classified as follows:
•
'
■:
new
.
1075
Defense
articles
transferredJ^L:>I_U-i-l-;_$l,441,000,000
Articles awaiting transfer or use—.
Articles in process of manufacture—
128,000,000 i>
126,000,000 '
243,000,000
Servicing and repair of ships, etc.—
Rental and charter of ships, etc.———
Production facilities in the United States^.
Miscellaneous
tonnage escaped from Nazi control is serving the United
*
Nations, he pointed out.
488,000,000
170,000,000
..
a
v.'*;.:
•./
Demand
deposits—adjusted increased $113,000,000 in
City, $41,000,000 in the Philadelphia District
$103,000,000 at all reporting member banks, and de¬
clined $42,000,000 in the
Chicago District and $35,000,000
New York
'
.j>lend-lease
agreement concluded between
Great Britain "and" the Greek Government-in-Exile oil
March 9, Britain has undertaken to supply the Greek
-forces fighting -in. the Middle East with war
supplies,
and
in
,
/and pledges the "complete liberation of Greece
4,000,000
—*„»
Under *
*
and
re-
in
people,
required, including 75,000 tons for United States and
15,000 tons for Russian consumption, reserve supplies
special
for
on
some
index
to
the
a
release
by
of
funds
new
from
requisitioned Canadian
securities,
An annual saving of 700,000 tons of
shipping space is
expected to result from the adoption of a "national
wheat
meal
loaf"
in
Britain, where the production of
will., be prohibited after March 23.
Viola¬
tion of food control regulations has been made subject
white
flour
to much more severe
the
penalties in
effort to stamp out
an
demoralizing black market operations.
Prison terms
formerly imposed in magistrates' courts
of three months
for such
violations have been raised to
months
12
and
penalties
imposable after jury trial have been increased
from the
former
maximum
of 2 years to
14 years, in
addition to fines up to three times the value of 1 he goods
involved.
With
less
than
$20
were
ascribed
to
payroll needs.
-denominations was
Shipment of $3,150,000 in larger
probably for hoarding. The hoarding demand in Janu-r
ary accounted for $3,500,000 of the total United States
currency export of $5,907,000.
Most of the $216,000 re¬
of 134.1, is expected to be fol¬
similar stimulus resulting from
a
of
notes
record
new
shortly
on the Latin-American countries is without
feature..^Federal Reserve shipments of United
currency, to Cuba in February of $3,450,000 in
States
Reinvestment of £70,000,000 from requisitioned Indian
stocks, which was reflected in an advance in the bond
lowed
Exchange
,
35,000 tons.
'
maining of the February export of $6,816,000 went to
Canada for tourist accommodation.
Only $571,000 of its
currency was received by the United States in
February,
against $1,243,000 in January. Argentina sent $253,000
in February, compared with
$505,000 in January and
Canada, the other chief shipper, sent $150,000 in Feb¬
the
appointment of Leo T. Crowley, Chairman
Corporation, as Alien
Property Custodian on March 11, the World War office
was revived, under an Executive Order which leaves the
Secretary of the Treasury in nominal control of some
$7,000,000,000 of frozen foreign funds but requires him
to release control of any property at
the direction of the
Custodian.
republic.
in
1941
soles
southern
Peru's
foreign trade reached a record high
851,916,686 soles, compared with 724,545,359
of
in
1940.
The
Colombian
over
and
investments
Government
has
taken
owned
occupied countries.
by
War.
..
„
The Canadian dollar eased somewhat during the
week,
declining from 88.50 to 88.06 in Thursday's dull trad¬
ing.
The end of the Victory Loan drive on March 7
brought the campaign more than 50% beyond its goal.
Almost 1,200,000 Canadians contributed to the outstand¬
ing success of the loan, subscribing $959,900,000, of which
$807,937,000
in cash and $151,963,000 in conversions
of earlier Dominion issues into Victory bonds.
New
York financial circles expect that the Canadian Govern¬
ment will
was
refund
$100,000,000 of 5% bonds due in 1952,
payable in New York and callable at par after May 1
on 60 days notice.
,
over
Co.
decision of the New York Su¬
a
American
an
securities valued at
for
firm
ordered
was
to
of
reau
Statistics
debt
show
the two
in
increase
an
in
March 31, 1941, of about $1,000,000,000 to
of which 51%
The
less.
carried at
was
proportion
of
the
an
the account of the Nederlandsche
in London showed
made
it
sources
imperative
so
as
to
to create
develop
base of
a
unchanged at $469,000,000.
Montreal
funds
ranged
India's
the Near East and Far East.
lishment
of
industrial
re¬
;
-
a
-
*
4
■
week between
discount of ll%%.
the
Further details
called
on
the
that
as
Burma
Road
carried
times the value of the last semi-annual interest coupon
tax-
exempt, had the option of receiving interest in francs at
their face value, or at their sterling or dollar equiva¬
Under the conversion offer the 4s of 1925 with
U.
years.
a
.
'
*
Factories
in
occupied
France
are
operating
at
top
speed turning out war supplies for Germany, it is alleged
by British and Free French sources in justification of
the
recent
British
sources assert
raids
on
factories
in
Paris.
These
that from 70% to 85% of the aircraft and
trucks produced
many.
ber
man
in French factories are taken by Ger¬
Danish workers in German war industries nunn
some
50,000, according to Copenhagen reports. Ger/
on Danish food, supplies are increasing and
demands
the Danes have had to extend
some 2,000,000,000 marks
shipments which leave daily for
the Reich.
Failure of the last Rumanian compulsory
loan is expected to lead to a special tax on those who
did not subscribe. A Swiss dispatch of March 6 reported
that Rumania has placed under state control 2,000 Jew-*
ish foreign firms with a capital of more than 20,000,-
of credit for the large
000 lei.
'
-
•"
From the Belgian
Congo, according to Professor Daniel
H. Thomas of Rhode Island State College, Britain is ob¬
taining 7% of the world's copper and all the colony's
output of gold and palm oil. In addition the Congo has
an army
of 75,0.00 available for service in an African
campaign, and almost 400,000 tons of Belgian merchant
+
5,000,000
+
7,000,000
—
7,000,000
+
135,000,000
—
1,199,000,000
2,000,000
—
1,893,000,000
7,000,000
+
359,000,000
2,337,000.000
19.000,000
217,000,000
—
9,615,000,000
Gov't
26,000~O66
+
+
2,551,000,000
•"*
2,723,000,000
—.
securities—
26,000,000
—
"
'
<
M
51,000,000
174,000,000
—
3,670,000,000
—
Reserve with Federal Re¬
banks
serve
Cash
in
10,233,000,000
vault
+
526,000,000
with
—■
232,000,000
21,000,000
—1,677.000,000
+
17,000,000
domestic
tanks,
3,260,000,000
7,000,000
167,000,000
—
Liabilities—
Demand
deposits
ad¬
—
justed
24,815,000,000
Time deposits
U. S. Gov't deposits
Interbank
+
1,801,000,000
103,000,000
+
5,188,000,000
deposits:
Domestic
banks
1,453,000,000
282,000,000
—
+
9,026,000,000
Foreign banks
Borrowings
113,000,000
—
+
7,000,000
—
627,000,000
1,444,000,000
296,000,000
—
26,000,000
17,000,000
—
1,000,000
There have been
discount
Present
of
rates
rates
changes during the week in the
of the foreign central banks.
leading centers are shown in the
no
any
the
at
table which follows:
Rate in
Country
Pre-
Effect
Argentina
Belgium
Bulgaria
Rate In
Data
vioua
Effective
Mar. 13
.
Rate
Country
Mar
1,
1936
Holland
2
Jan
5,
1940 2ft
Hungary
5
__
Dec
1,
1940
India
2ft
Mar 11.
6
Dec
16,
1936
4
Jly
18,
1933
5
Java
3
Jan
1936
3ft
4
Jan
1937
5
1935
/ There have been
count
rates
to
of rates
the
no
4ft
the
in
now
table.
Reserve
obligations,
The
banks;
recent ad¬
shown in the
—
are
following
is
the
schedule
effect for the various classes
Rata
1941
3
22,
Nov 28,
1940 4
1935 3 ft
...
4
Oct
16,
1936 3.65
Jan
1937 4
6
Morocco
6ft
Norway
3
Jly 15,
May 28,
May 13,
Poland
4ft
1940
May 18,
7,
Apr
30,
1932
3ft
Portugal
26,
1939
3
Rumania
Estonia
4 ft
Oct
1,
1935
5
Dec
4
Jun
Oct
Mar 31,
17,
3
Sep 12,
South Africa 3ft May 15,
4
Dec
1934 4ft
Spain
1%
Mar
—
1936 5
14,
4ft
3
2
Finland
26,
3
Erie
changes this week in the redis¬
Federal
Government
on
footnote
of
Oct
3.29
England
vances
Jun
3
vioua
Effective
Lithuania
...
Denmark
...
Italy
Japan
4
-
2ft
3
3
vakia
Pre-
Date
Effect
Mar
3 ft
_
Danzig
Reserve Banks
-v
!
1939
7
1935 4ft
1940 4ft
1937 5
1641 4ft
1940 3ft
1933 4ft
*4
Mar 29,
1941
2
Sweden
3
May 29.
1941
Germany
3,
17,
3ft Apr
6,
1940
4
Switzerland
1 ft
Nov 26,
1936 2
Greece
6
1937
7
Yugoslavia
5
Feb
1935 6 ft
...
France
of paper
*
Not
Jan
officially
4,
1,
1939 5
3ft
confirmed.
:
Discount. Rates 6t "Federal Reserve Banks
v
Foreign Money Rates
'
-—
"
'
IVa
lft
Richmond.
1V2
Atlanta
St.
'
-
——'
l;
Louis
v
i—A.—•
Francisco
*
—
lft
*1%
*1%
1%
Previous
V
Rate
1 Va
'
In London open market discount rates for short bills
>
lft
2
2
Friday
on
were 11/32%, as against 11/32% on Friday
week, and 11/32—1 1/16% for three months' bills,
of last
1937 '
2
as
1937
1942
Feb 28,
*iy2
'
—:
Kansas City
Dallas
'
.
1 1, 1939
27, 1937
4, 1937
11, 1935
27,
Aug 21.
*lft
1
-
—
Minneapolis
San
Sep
Aug
Sep
May
Aug
1
1
,
Established
1
York
Chicago
Date '
Mar. 13
—
Philadelphia
Cleveland';
2
Money
Sep
2, 1937
Aug 24. 1937
Sep l3, 1937
Aug 31, 1937
Sen
3, 1937
/•Advances on Government obligations bear a rate
Sept.' lb\: 1939,-Atlanta, Kansas City and Dallas;
St. Louis.
/
capital of 1,000 francs and a market value of
1,850 francs may be exchanged for 2,000 francs of the
hew 3% rentes, at an issue price of 1,900 francs, exempt
from income tax up to Dec. 31, 1946. The 41/2S of 1937
to be converted into 3V2S redeemable in 60
S.
Other
lft
against
on
11/32—11/16%
call at London
v :
/
Redemption Calls and Sinking Fund
2
of
1%, effective
Sept. 21,
1939,
Member Bank Condition Statement
In the following will be found the comments of the
Board of Governors of the Federal Reserve System re¬
those
ers,
banks in 101 leading cities shows the following principal
changes for the.week, ended March 4: Increases of $103,0.00,000 : in demand deposit—adjusted, $113,000,000 in
deposits, and $232,000,000 in
balances with Federal Reserve Banks.
\ Commercial,
industrial,: and agricultural loans in¬
creased/$10,000,000 in the' San Francisco District but
showed
no
''
change for the week at all reporting member
•
\
.V...'
;
'
'
list of corporate
called
under
for
bonds, notes,
redemption, including
sinking fund provisions.
Company and Issue—
Alabama
First
Power
Co.—
Date
First
bonds, due 1956
bonds, due 1951
1
497
Jun
1
497
Apr
mtge. lien & refunding 5%
Avery & Sons Co. 5% notes, due 1947
Baumann (Ludwig) & Co. Warehouse 1st 6fts_
1
498
Mar 16
Burson Knitting Co. 1st
Central of Georgia Ry.
mtge. bonds———
—Mar 23
equip, trust ctfs., series S
Apr
1
Chicago Union Station Co. 4% gtd. bonds, due 1944—Apr
1
Connecticut Power Co. 1st & gen'l mtge. 33A1v bonds,
due
1965
1011
—Apr
1956
—Apr
Ry. 1st 3V2S, due 1962—Apr
East Liberty Properties Corp. 1st 6s, due 1949
Apr
Erie Lighting Co. 1st 5s, due 1967———
Apr
Evans-Winter-Hebb, Inc., 1st mtge. bonds
Apr
Duluth
48
636
——————__—
Consumers Co.
of
111.
1st
mtge. 5s, due
1011
Missabe & Iron Range
Federal
Light & Traction Co. 6% bonds, due 1954
Gary Electric & Gas Co. 1st lien 5s, due 1944
Helvetia
ber banks.
Iowa Southern
$25,000,000 in New York City and $26,000,000
reporting member banks.
Holdings of "Other se¬
curities" declined $18,000,000 in the San Francisco Dis¬
trict,- $17,000,000 in New York City, ahd $26,000,000 at
all reporting niember banks.
1
May
-May
(B. F.)
General
ihcreased
Page
*
mtge. lien & refunding 5%
"
Holding? of Treasury bills increased $31,000,000 in the
Chicago District and declined $20,000,000 Jn the San
at all
date
tend¬
and the page number gives the location in which
were given in the "Chronicle."
Francisco District and $7,000,000 at all reporting mem¬
Holdings of United States Government bonds
The
the details
specting
the returns of the entire body of reporting
banks of the Federal Reserve System for the
week ended with the close of business March 4.
The condition statement of weekly reporting member
a
preferred stocks called
indicates the redemption or last date for making
member
banks.
week.
2
.3
Below will be found
reserve
on Friday of last
Friday was %%.
2
and
United States Government
on
2
•>,
nominal
are
—
32,000,000
Czechoslo¬
Discount Rates of the Federal
Rate to Effect
exchange guarantees which in¬
The 4s of 1925 were
exempt from income tax and could be redeemed at 50
lents.
45,000,000
—
1,248,000,000
bonds,,
Colombia
New
were not
loans
banks,—
Chile
Boston
to 1925 and 1937 French rente issues
Holders of the 4V2S of 1937, which
42,000,000
pur¬
Obligations guaranteed by
new
Federal Reserve Banks
creased the value of the coupons.
paid.
11,000,000
.
March 1 for redemption on March 15 indicate
loans
.106,000,000
+
410,000,000
estate
Canada
a
Continental And Other Foreign Exchange
;
7,000,000
carrying
Treasury bills
Treasury notes
S.
+
460,000,000
securities
Plans for estab¬
supply route through India to the
interior of China were disclosed, in view of the loss of
a
at the different Reserve banks:
during the
discount of II15/16% and
for
or
supplies for the United
States in
low-cost
56%
securities,
loans
+1,615,000,000
429,000,000
and
Handelskan-
developing the production of war materials will be
headed by Louis Johnson, former Assistant
Secretary of
War. The sweep of Japanese power in the southwestern
Pacific and the German threat to the Middle East have
or
decline of $230,936,000, while
the share of the Canadian debt held in New York was
a
dealers in
U.
+1,782,000,000
6,902,000,000
Exchange on the Far Eastern countries is inactive.
The United States advisory mission to India to assist in
$4,371,000,000,
borrowing is much
greater when effect is given to the two Victory loans.
The amount of the debt payable in Canada increased
during the period by $1,200,000,000.
The total payable
brokers
chasing
18,000,000
4,250,000,000
a Netherlands concern which moved its headquar¬
ters to Curacao after the German invasion in
May, 1940.
1939 to
interest cost of 3%
to
+
toor,
Dominion
from March 31,
years
agricultural loans
Open market paper
Loans
25,000,000
industrial
and
>
$
y,;:
11,374,000,000
—
Commercial,
turn
$5,000,000 to the Colonial Trust
Canadian debt figures published by the Dominion Bu¬
funded
•
Court
preme
Under
Mar. 5, 1941
s
Loans—total
$50,000,000 of property
nationals of the Axis «or
The action will permit removal of
,
1942, follows:
Feb. 25, 1942
Mar. 4, 1942
,
•total—30,918,000,000
Balances
the administration of about
sive purposes^
Treasury's policy of keeping alien property
intact and divesting business enterprises of alien control
or will
dispose of property as was done in the World
•-"
Assets—
loans
and
the
\
Other
the
reporting
,
Loans and investments—
tween
provided
all
Increase ( + ) or Decreased—)Since
Since
to
Under a lend-lease agreement of March 11 be¬
the | United
States and Peru, an undisclosed
amount of munitions is to be
at
districts; all reporting member banks showed
$7,000,000.
v
:
week and the year ended March
4,
Loans
decree.
$113,000,000
summary
Real
$400,000,000 and $600,000,000 of Axis property,
apart from funds already frozen, will be affected by the
Govern¬
of the principal assets and liabilities of
t-eporting member banks together with changes for the
compensation for
It is estimated that be¬
the property from American and British blacklists and
will prevent the use of Axis-controlled funds for subver¬
tinue
A
the sinking of Brazilian
Mr. Crowley has previously represented the
Department of Justice on a committee of State, Justice
Treasury Departments controlling foreign funds un¬
der the supervision of the Secretary of the Treasury.
Mr. Crowley has not yet indicated whether he will con¬
City, and
net decrease of
a
Other
tween
of the Federal Deposit Insurance
York
Seizure of 30% of the funds of Axis
subjects in Brazil
was ordered on March 12 to
guarantee
ships.
States
banks.
of the other
against $395,000 the month before.
ruary,
Francisco District.. United
Deposits credited to domestic banks declined $68,000,000 in New York City and increased somewhat in most
under guarantees of safe passage from the Axis.
will be drawn
New
member
.
be
San
deposits increased $34,000,000 in the Chicago Dis¬
trict, $26,000,000 in the San Francisco District, $24,000,000
establishment.of Greek freedom and independence. The
blockade ris being relaxed to permit the
shipment of
food to bring some relief to the stricken Greek
Tin available to the United Nations in 1942 is esti¬
mated in Britain at 90,000 long
tons, half of which is ex¬
pected to come from Bolivia.
As about 125,000 tons will
the
ment
American Investors Co., Inc., $6 pref.
Qulf States Steel Co. 1st 4fts, due 1961_
Coal
Mining Co.
1st mtge.
Utilities Co. gen.
5s,
due
1011
1012
v
Jun
918
Mar 31
919
Mar 24
stock
919
Apr
1
mtge. 4fts, due 1950—Mar 19
debentures, series A
Jackson Michigan Theatre Bldg. bonds
Leeds & Lippincott Co. 3Vs% bonds, dated Jan.
1, '37
Lehigh & New England RR. general mtge. bonds
Lion, Oil Ref, Co, 4Va c+
debenturesr due 1952___
Litchfield & Madison Ry. 1st mtge. 5s, due 1959
on
page
1076)
*
11377
Mar 24
1958
6%
(Continued
1011
*
826
1
826
Mar 20
920
May
Apr 18
Mar 14;
——Apr -30
__I\lay
1"
*
1014
-1014
THE COMMERCIAL & FINANCIAL CHRONICLR
1076
ji.Ttf-iQfcW-U
Redemption Galls and Sinking Fund
Notices
^
:
Carolina
t7./.
v
Date ;-"-
'
Central
■__—i\lay
1
1014
Firsc mortgage 87?
bonds, 1955
-—t
—May
1
1014
Monroe Coal Mining Co. 1st mtge. 6s, due 1947__;._*_iMar 18
National Power & Light Co. 5ft aebs., ser. B, due 2030—Mur 23
.' 922
North American Co. 4% debentures, due 1959
Apr
4
1017
Parr Slioais Power Co. 1st mtge. 5s, due 1952—
Apr
1 4.
507
•
5ft-6ft
due
bonds,
1955
'
'
-
due
1960
Paulista
Ry,
due 1942
& ref. 7s,
1st
•Pennsylvania Electric Co.—
1st & ref. mtge. 4s, series F,
1st & ref. mtge. 5s, series H,
Public
Penn
C,
,v
Public Service Corp.
Penn
D,
due
—4
Li
1970
———
3% ft
genT mtge.
RR.
bonds,
——
series
ft
-May
1
C,
/ .
*
bonds, due 1943,*—Apr
Co.-Philadelphia & Reading RR. 474% bonds,
1943
Apr
due
1 /ft
1019
Oil
Richfield
1
Superior
first
Co.
Light
&
Mar 23
Y.
N.
Co.
Water
1,
dated Nov.
5s,
1st
class
A
1925—May
which
8ft
(quar.
Common
Darby
preferred
Name
of Company
(irregular)
Aetna Insurance Co. (Hartford, Conn.)(qu.)
Alberta Wood Preserving Co., Ltd.—
Stock
Acme
7 ft
Co.
«
(Pittsburgh)
Co.
Fire Ins.
Extra
Mfg.
4V
—-—
Allis-Chalmers
Co.
t50c
$l'/4
Class
5 Mi ft
Shoe
Brake
(quar.)
preferred
Crystal
3-16
Empire
8
3-18*
American
American
District
Telegraph,
com.
preferred
(quar.)
American Factors, Ltd
1
3-25
Piano
Corp.,
preferred
first
Fear
Federal
Federal
Light
3-31
3-20
3-31
5ft ft
preferred
$6
Co.
Armour &
Art
Investment
Associates
Co.,
3-15
Florida
4-15
3-15
Follansbee
3-12
3-13
Fulton
2
2-10
General
Monthly
Common
(irregular)
Bangor-Hydto
Bank
America
of
Association,
Common
National
Trust
$2 convertible
Godchaux
4-
3-21
of
Bank
3-12
of
Bank
Bath
Yorktown
2-16
2-16
1
4-10
3-31
Iron
Work
6-15
5-
Bensonhurst
6-
1
5-15
7-
1
6-15
6-30
1
4-
1
50c
4-
1
50c
4-
1
Bird
(quar.),,
2
2-16
3-
3-16
$1
3-31
Machine
Co.
(irregular)—
preferred (quar.)
Borg-Warner Corp.
.
$7
Boston
Boston
Insurance
Co.
Property
Personal
Trust
—
(quar.),—,
(quar.)—,*
Brantford Cordage Co., Ltd., $1.30 first pre¬
ferred (quar.)
:_*_____
Bridgeport Gas Light**,
ft—
Boston
Storage
Warehouse
British American
Oil Co.
(quar.)—,
British Columbia Elec. Pow. & Gas Co., Ltd.—
6ft
preferred (quar.)
Street Investing (irregular)—
'Brooklyn Borough Gas Co., common (quar.)
6ft
participating preferred (quar.),
.__
Bulova Watch Co., Inc. (quar.)
Broad
6-30
1
3-21
4-
1
3-21
preferred
3-16
3-
3-28
3-20
Hartford
Fire Insurance
4-
1
3-16-
Hartford
National
4-
1
3-16
Haverty
4-
1
3-17
Hawaiian
$4
16c
4-
1
3-20
4-15
3-31
75c
3-31
3-23
$$1'a
25c
75c
75c
50c
9
Heller
Electric
3-20
3-16
2-28
3-31
3-16
3-10
1
3-21
3-30
3-21
(Walter E.)
4-15
3-20
Hercules
3-31
3-16
Hilton-Davis
4-
1
3-12*
Holland
4-
1
3-20
4-
1
3-20
Holmes
4-15
3-10
Horn
4-
3-10
Houston
~™
3-30
-
3-24
(D.
Honolulu
H.)
7 ft
&
Natural
preferred
(quar.)
pref.
conv.
Power
3-16
3-21
$6
4-
;
preferred
preferred
Co.,. $7
pref.
Gas
Electric
1
3-21
1
3-23
1
3-21
1
3-19
4-
1 V
(1931
3-19
7ft
preferred
Nanaimo-Duncan
4-
$62'Ac
«
t$l
1
(quar.)
Utilities,
(quar.)
1
'
•'<
(resumed)
1
3-24
National
$$l3/4
4-15
City Bank
Bank
(Boston)
3-11
4-15
3-31
3-31
1
3-14
New
London
Northern
New
Trust
Orleans
Public Service,
RR.
New
3-14
Trust
1
York
York
&
Brake
Air
New
4-
85c
-
3-14
6 'a ft
3-20
Nicholson
30c
4-
1
3-18
15c
3-25
3-14
44-
35c
10c
(quar.)
433/4C
Corp.
37'Ac
(quar.)__
50c
Co
$172
(quar.)
1
Oahu
3-31
File
Co.
(quar.)__
3-20
3-20
3-18
3-31
3-20
1
3-17
44-
Ltd., 7 7?
1
$172
25c
»_•.
4-
1
Flour Mills
87'Ac
preferred
preferred
preferred—^
3-31
1
3-14
4-
1
4-
1
4-
1
3-11
4-
1
3-18
3-31
3-24
4-
1
3-20
4-
1
3-24
3-30
3-20
3-11
3-11
'
conv.
Common
3-21
3-31
3-31
Otter
Tail
$4.50
Power
1
3-19
4-
1
3-21
4-
1
3-21
4-
1
3-11
4-
1
3-15
4-
1
3-23
4-
1
3-23
5-
1
4-14
3-28
3-18
4-16
'
.
5-
1
5-
1
4-16
4-
1
3-20
4-
1
3-16
3-16
3-
5
3-12
4-
1
3-17
4-
1
3-20
4-
1
5873C
4-
1
3-20
$5
*
4-
1
3-20
25c
4-15
15c
—
3-19
3-20
43-1
15c
3-19
3-1
(quar.)——
75c
3-31
3-li
(quar.)____/_**
$1%
35c
$172
3-31
3-1
3-31
3-1
3-31
3-2
$lft
4-
1
3-1
3-21
3-1
$3 pref.
preferred (quar.)_
Co.—
dividend series
Common
4-
41%c
50c
:
(quar.)
Omar, Inc., 6ft
3-20
3-20
.
1
50c
(monthly)
(monthly)
(monthly),—
prior preferred
3-19
4-
30c
-$25c
Colony Insurance
$5.50
-
•
3-31
4-15
4-
30c
J8%c
(quar.)—**_^——
(quar.)
——
Oklahoma Natural Gas,
3-20
3-11
;
Olympia Brewing Co., common
67? non-cum. partic. preferred
3-16
3-16
3-21
4-15
$l'/2
$1%
(quar.)
Co. (Boston)
(quar.)
Old Colony Trust Associates—
First series trust shares (quar.)—
Old
3-20
1
10c
(quar.)
6ft
7ft
3-31
;
—
Ohio Public Service, 57?. pref.
3-20
3-31
4-
5-15
2
50c
•
Railway & Land
Ogilvie
3-16
40c
(irreg.)*
/(irregular)
*
Mining—
Northwestern Yeast Co.- (irregular)——
1
4-
3-24
3
4-
——
Rosario
!
North Star Co.,
1
$l'/4
1
6-
40c
Co.
Honduras
Realty, 6 7? pref. B
preferred A (quar.)
1
$l'/4
3-
4-
-—
—
Interim
3-14
3-31
4-
3-20
$1%
;—
common
Newberry (J. J.)
$75c
3-12
15c
(quar.)
Co.
$7 preferred (quar.).
r
1
3-18
3-26
$1.3174
12'Ac
t$l
t33'Ac
$1%
$l3/4
39c
'
4-
1
prior
$6
•
25c
(quar.)
(quar.)—
Shops (Del.) —
preferred (quar.)
Navarro Oil Co.
(irregular)
Nehi Corp., $5.25 1st pref. (quar.)
:
Common (irregular)
New England Power Association; 67? pref.,*
$2 preferred
;
—*—
—
New Jersey Water Co., 7 7? pref. (quar.)
3-31
|55c
4-
3-14
3-26
Shirt
r-
3- 3
4-
4 /
$l'/2
____
Shawmut
3-16
37'Ac
4-
25c
60c
37lAc
25c
,
(quar.)__:
National
4-
1
3-14
1
$1%
$1%
(s-a)—___
National
10c
4-
1
4-
3c
50c
*25c
>7
——
Ltd.
3-21
20c
$1'a
4-
4-> 1
lc
—
3-14
1
3-14
$1V4
(Cleveland) (s-a)_*.
Enameling & Stamping (irregular)
3-14
1
4-
1
$1%
7ft 1st pref.
2nd, preferred (quar.)
National
5
4-
7
pref. (quar.)
Candy Co.,
Common
1
3-
3-16
$1
<■
pref. (quar.)
& Co., 5 7?
(G. C.)
3-
4-
3-21
1
$l3/4
$lMt
$1V2
$134
Develop. Co. (quar.)
3-20
Ltd.—
3-20
4-
Inc.—
Cons.,
3-12
77?
3-25
37V2C
*
(quar.)
3-30
National
3-13
7
Mutual System, Inc., common
3-18
3-20
3-21
3-20
3-18
3-13
3-23
4- 1
2
1
1
r--; 15c
4-
1
4-
Corp. of America—
67? preferred (quar.)——
Murphy
4-
1
4
3-19
4-
3-13
4-
1
preferred
87?
3-13
1
3-
1
5
3-13
1
4-
3-
4-
.'
1
4-
60c
—___
.
Francisco
San
of
Cafeterias
Morrison
7:
4-
10c
series)
3-20
4- 1
3-21*
4-
Plan
4-
5
3-20
3-31
$1%
$1&
$1%
$1V2
$174
5c
!
3-
3-30
9
Morris
$1
,
(N. J.)
(irreg.)
3-14
3-14
Co.
37'AC
Gas, common
3-14
$iy2
$1 ft
50c
4-15
Plan
$lft pref. (quar.)——
Co., Ltd. (irregular).
Baking Co.
1
Monroe
-
3-11
Co.
4-
$2
Morris
4-
50c
(Hawaii), Ltd.
3-21
50c
7
3-14
Co.
1
(quar.)—
3-21
1
Co., Ltd.,
4-
t$7
$l3/4
15c
4-1
4-
pref
3-20
62V2C
—
3-14
!'2-20
4-1
$lft
3-20
1
(quar.)
Co. (irreg.)
7ft preferred (accumulated)
Monongahela Valley Water, 7ft
Auto Equipment Co.
1
2
25C
common
1
4-
1__
Molybdenum Corp. of America
Monarch Knitting Co., Ltd.—
3-
50c
Co.,
4-
50c
Service
&
10c
•
25c
12'Ac
Edison
4-
87'Ac
"
3-10
(quar.)__
*
Missouri
4-
3-11
3-18
<quar.)_
Missouri
4-
v..
1
4-
3-16
(quar.)
3-18
'
$2
4-
*
3-23
1
3-31
3-14
3-16
6ft preferred (quar.)*——:
1
;
1
1
—_—
1
50c
4-
Light Co.—
&
4-
(quar.)
Plantation
Hardart
$1.50
4-
f:
3-10
Refineries—
Minnesota
77?
3-23
3-20
7
cum.
3-31
4
3-31
1
4-
3-26
(quar.)—
preferred (quar.)
$6 cum. preferred (quar.)
$5 cum. preferred (quar.)
Michigan Silica Co
Micromatic Hone Corp. (irregular)
Midvale Company
(irregular)
•
3-31
3-31
4-15:
25c
prior preferred
4-
$l'/4
(quar.)
55c
$7'/2
(quar.)
4-15
(quar.)
Chemical,
Furnace
Y.
4-20
(Conn.)
(quar.)
Motor
Home Insurance
4-1
1
4-
v
60c
5c
preferred
•
3-20
50c
4-15 "
lc
30c
Miners Transportation
$7
3-21
1
(quar.)
(irregular)
Corporation
$G
3-16"
3-31
3-20
4-
(quar.)_
Metropolitan Edison Co.—
$7 prior preferred (quar.)
3-21
1
1
—
3-21
1
3-23
4-
$1%
'7
(quar.)
3-31
$l'/8
Extra
7ft
3-21
4-22
30c
$l3/4
& Co., class B
Merchants &
Bank & Trust Co.
Furniture
3-31
20c
$1%
$1
Co.
Navigation
(Arthur G.)
Mediord
Investment
Co.
J$l%
(quar.)**——*—***_*_»
3-16
1
75c
(irregular)
Shares
Rail
Oil Co.
Mt. Diablo Oil Mining &
Investment
3-31
McQuay-Norris Manufacturing Co. (quar.)_^.
Meadville, Conneaut Lake & Lineville RR.—
Semi-annual (reduced)
3-20
4-
..
Invtst.
Utilties
10c
$32'Ac
40c
$25c
1
4-
*$2
Trust
(Hartford), non-cum. ser. "I" pref. irreg.)
Guilford Realty Co. (Bait.), 6ft preferred..
Hanover Fire Insurance Co. (N. Y.)
(quar.)
Harnischfeger Corp., common
(irreg.)
5ft preferred second issue
(quar.)—
5%
preferred (quar.)
6-30
4-
$1
(quar.),,$1'a
.__
$1%
————
40c
(quar.),——
(interim.)
(Canada),
3
4-20
(quar.)_
Extra
9
4-
preferred*
__****_*__*_*—*—_____
25c
-
4-
3-
$1%
Shares
Public
(Hartford)
6
$1
*
:—V— <—
Birmingham Electric, $6 pref.
3-15
$$172
Guardian
3-31
$1
——_
''ft/ft
Bird & Son, Inc.,——
4-15
$62c
Bank
Guardian
3-21
3-
'ft/ft 50c
(quar.)
—
1
5-
13a
(quar.)
(quar.)
& Rubber
preferred
$1.50
3-23
f$3
ft
Manufacturing Co.
Extra
3-20
$l'/4
3ft
—
(Hartford), series "I" preferred (S-A)
Guardian Investment Trust (Hartford)—
3-20
._
Quarterly
3-31
4-13
"
Bibb
McKee
3-10
(quar.)
preference
A.
Guardian
3-19*
_______________
(Brooklyn)
;
(quar.)
Greenwich Water System, 6ft pref. (quar.)_
Guarantee Co. of North America (Montreal)
Series
6-15
4-
*__—___
Manufacturing (irregular)
Nat'l Bank
3-23
1
$1
quar.)
A
3-19
1
4-
Corp.
$4
;
preferred (quar.)
Goulds Pump, 7ft preferred ___*__^_^__i___
Grand Rapids Varnish Corp. (quar.)___
Great Lakes Engineering Works
Great Lakes Power Co., Ltd.—
4-15
1
20c
preferred
3-31
4-
conv.
Water,
$20
5ft
3-20
$3(4
(irregular)
Beaton & Cadwell
$1
(quar.)
Tool, 6ft
Bausch Machine
Matson
3-14
6-30
..
(quar.),
3-20
(quar.)
(quar.)
Common
3-20
5-
preferred
Goodyear Tire
3-12
class
3-19
4-
4-15
*
com.
25c
(quar.)
York, (quar.)
New
1
4-
75C
(reduced
Sugars,
$7
Savings
(s-a)
Mascot
A v
Co
Co.
Hoist
3-16
.
Manhattan Co.
Bank of
Machine
1
(quar.)
preferred
3-20
50c
pref.
4-1
$1 y8',
25c
—*
Co.,
25c
Gisholt
'
ft
3-25
Electric—
&
3-16
1
preferred (quar.)
77? pref. (quar.)
$1.30
IOC
Gas
3-20
4- 1
5-
—
Rubber
&
Marlin-Rockwell
Mid-West
common
3-14
60c
&
Water,
Tire
Marion
4-
25c
(reduced)
1
1
Mansfield
3-11
i
reg.
1
4-15
;
$172
ordin.
4-
4-
3-24
3-20
"5c
quar.)
pref.
7
4-
62'/2C
50c
(quar.)——
1
4-
35c
(initial)
3-
3-20
85c
10c
*
Co., $2 class A pref.
(R. C.)
3-11
York),
$7
3-17
1
30c
»
1st pref.
$2.20
3-20
Co._'
Machinery,
4-
(quar.)
—
Ltd.,
Co.,
preferred
1
(initial)
pref.
3-14
4-
(quar.)
77?
4-1
$1%
(quar.)
Globe
(quar.)
common
(quar.)
Light,
3-19
3-24
5c
(irreg.)
preferred (quar.)
Mahoning Coal RR.
$2'A
$3
'
2
Mahon
3-13
(Washington,
1
4-10
1
(irregular)
& Sons,
Merchants Bank of N.
Co.
(New
3-14
3-
3-20
3-23
(quar.)
Co.
&
(G.)
2nd
3-31
50c
$8 pref.
3-16
*
Electric
J.
3-20
4-28
4i
J5c
5c
(quar.)s
3-16
Co.(quar.)
Rubber
&
1
2
770
'
(reduced
(quar.)
4-
3-
3-16
$2
Baking Co.,
1
:
pref.
3-30
$3'A
(quar.)
8ft
4-
Monthly
Baltimore Radio Show, 6ft
Mabbett
pref.
77?
$1
N.
preferred (quar.)
Gilbert (A. C.) Co., $3ft
3-31
3-16
37'Ac
(quar.)
Storage,
General
3-24
50c
15c
7c
7c
7c
15c
3-30
t$2'A
(irregular)
4 ft ft
conv. preferred
(quar)
1
General Public Utilities, $5 pref. (quar.)
1
3-31
Lone Star Gas Corp.
25c
(s-a)__
Market Cold
Common
3
$1'A
6-18
25c
of
3-13
1
Theatres, Ltd.—
(Marcus)
4-2
6-30
J'
2-10
3-31
Loew's
r-: 3-21
4-15
62'Ac
(quar.)
Co.
pref.
Ltd
3-13
1
37'/2c
preferred (quar.)
Refining Co.
(quar.)
Oil
3-16
<quar.)___L__
Co.
Insulation
Formica
1
1
Lion
4-1
$3
(quar.)
Steel, 5ft
Motor
Ford
5
3-23
3-31
3-10
$2
37'Ac
_"
Co.,
Bank
Power
4-
4-
3-20
7
$1'A
Gas
common
Stove
Florence
3-23
4-30
1
4-
Power Co.—
Manufacturing Co.
Fisher
3-10
•
4-
47a ft
30c
(quar.)
pref.
1
4-
•!
(quar.)
common
30c
A,
—
3-17
50c
50c
_
7ft
Co.
(N. Y.)
30C
(quar.)
(monthly)
4-
4-
;
:
(initial)**
Co.^ common (irregular)
preferred (quar.)
Lerner Stores,
3-20
(resumed)
Co.
Steel
1
4-
3-20
37ftc
&
$2.50
37'Ac
1
3- 2
3-17
25c
Traction
&
Tire
3-20
;
3-14
4-1
Leath
3-16*
1
75C
(quar.)
National
3-
1
$l3/4
National Bank of Philadelphia
3-
44-
5c
First
3-14
Electric
(interim)__
____
Stamping
Latrobe
3-15
3-21'
6
4-15
1
;V.
(quar.)
(Detroit)
Company
15c
First
60c
preferred (quar.)
Atlantic City Fire Ins. (quar.)
Atlantic Realty Co. (quar.)
Avondale Mills
(monthly)
Lambert
3-27
3-13
4-
*
_____
Firestone
10c
30c
5ft
4-15
25c
3-18
4-
(quar.)
com.
5-15
Lansing
preferred (quar.)__
3-17
4-15
(irregular)
Construction
Metal
C.),
$13A
t$172
(quar.)
Knight Screw Products
15c
3-20
5c
$1%
(111.), $6 conv. prior pref
Co.
Armour &
pref. gtd.
(Del.), 7ft
3-25
$2
com.
1
4-
$1%
$1'a
3
60c
3-25
50c
(quar.)—_
(quar.)
Ltd.
Mines,
$1.50 pref.
40c
3-31
683Ac
(quar.)
&
preferred
6ft
General
Angostura-Wupperman (irregular) _
Arkansas Power & Light Co., $7 pref.iquar.)
4-
'5ft
4-
10c
25c
50c
50c
preferred (s-a)
$3 'A
25c
Federal Services Finance Corp.
American States Utilities Corp.—
•
(Fred)
D.
8c
/
Kirsch Company,
—__
Insurance
$1.31'A
(quar.)
Kerr-Addison
f$la/4
Shares,
Co.,
Co.
3-23
3-16
Smelting & Refining—
American
+
(quar.)
Inc
1
$1
(irregular)
3-11
4-30
Ltd.
Co.,
Gold
3-13
4-
25c
(quar.)
Lawyers Trust Co.
preferred
Bearing Co.
1
'
(irregular),
common
1
5-15
(quar.)
Canada (Toronto)
Mines
4-
3-16
*
4-
(quar.)
6%
4-
P
-3-16
(quar.)
Kaufman
•:
Consolidated
Fund,
Fafnir
25c
Corp
Investing
Foreign
Hardware Corp.
3-11
Co.
Paper
Electric Mfg., 7ft
Star
Equity
4-
50c
/.ft $lVi
_____
t25c
(quar.)4
$17t
:
$1'A
30c
(quar.)*
Distilling, 5ft preferred
A
3-13
4-
Co., com. (irreg.)—
Sugar
preferred
Class
Emerson
1
class A__—
Business Credit Corp..
American
3-21
1
;
—
American
American
Elizabethtown
4-
■■■?•< ;•.?'
L—
American
American
El
4-
L—— ■
Foundry—
&
(reduced)
3-11
1
(Chas. A.)
3-13
3-25
$1%
1
preferred
3-25
4- 1
■'/
77?
77?
3-16
3-31
$l3/4
Sift
(quar.)
com.
4-
12'Ac
prei.
(quar.)
Works
Oil
3-27
3-21
25c
(irregular)—*;
B
Common
Dorado
1
Co.,
t50c
pref.w
$1%
$1V2
stamped (quar.)
pref. (quar.)__,
4-
Mills, common
Power
preferred
$6
•■■■" '■
Sons
(E.)
$1
(irregular)
$1%
<quar.)_—_______
Tennessee Light &
East
common
shares
$1%
—
$2.50 class A
Inc.,
3-30
50c
*
American
•
Founders
preferred (quar.)
Kansas Gas & Electric, $6 pref.
—
Bank of
3-30
■
Extra
7ft
3-31
(_Motor Car
Missouri
East
;; 3-13
1
4-
+$2
25c
6ft pref. A
(irregular),
Amalgamated Leather Co., 6ft conv. pref.—
American Aggregates Corp., 5ft pref. (quar.)
American Bakeries, class A
(quar.)—
5ft'
4-15
'
25c
5c
(quar.)
Alliance Investment Corp.,
.6ft
3-16
Kahn's
Mfg. Co., $6 conv. pr. pref. (irreg.)
Donohue's,
3-10
3-20
$1%
(quar.)
preference
Allemania
.
25c
1
T
Dominion
of Rec.
(irregular)
4-
(quar.)^_*^__
Oil Fields
;
(quar.)____
Joplin Water Works, 6ft
preferred
Inc.,
Co.,
pref.
Joliet & Chicago RR.,
Dennison
Holders
When
Payable
Non-voting
•
Dixie-Vortex
Brothers, 77?
3-16
*
Dominque2
Per
share
5c
40c
Jenkins
«,!
Jefferson Electric Co.
3-21
3-16
$3 pr.
Deisel-Wemmer-Gilbert
announced this week are:
■tftft''':
3-21 s
1
Diamond
The dividends
3-20.
3-31
$2
Extra
clared.
3-20
1
1
(quar.)
Fund,
1
4-
3-31,
(Del.)—
Darling Stores Corp. 6ft
Delaware
4-
common
(quar.)
4-
—_
Hosiery
2-15
50c
$lft
50c >;
$1%
25c
$6 preferred
4-
B
Davenport
3-18
25c
&
4-
3-18
Island Creek Coal Co.,
.
3-20
4-
1
3-19
•
3-20
3-12
4-
25c
3-
3-12
:
1
1
3-30
fl5c
$1 Vft
•
3-11
$75c
1
(quar.)
Tissue Co.
Petroleum
Crystal
3-18
3-31
25c
(Toronto)
Insurance
Poster
3-11
1
3-28
1
Ltd.
preferred
l..i
1*
4-
3-28
4-
_____—_____
common
4-
2c
$1
4-
___
7ft
4-
'
(quar.)
Corp.,
3-11
Inc., common (S-Ai_
preferred (S-A)_
Royalty Co.,
non-cumulative
4-17
7ft
,
3-14
$5.50
J5c
3-31
3-10
•
1
3-14
(quar.),,
3-20
1
Irving Oil Co., Ltd., 6ft pref. (quar.)
__
3-18
1^
5-
4-15
3-15
.
4-1
$75c
1
25c
2-21
2
Ltd.—
4-1.,
pref.
Power
Co.
Foster,
Investors
1
,
~
America———-25c
of
$1'a
Baking Co.
Co.,
4-
3-20
3-
preferred (quar.)_i,i_——_
conv.
4-
(final)________
Wneat Corp.*__
&
7ft
4-15
Light—
Corp.
Gas
of
&
Crum
dividend payments in many cases are given un¬
in our "General Corporation and
Investment News Department" in the week when de¬
134
;—.
prex.
Cream
of past
Foundation,
•67?
(irregular)
(quart.)______
5'/2ft
Water
.
der the company name
Co.
Investment
3-16
___—
Water
(quar.)
Continental
Further details and record
which have not yet been paid.
Investment
3-21
1
3-20.
.
3-31
4-
_______
5-15
Oil
Crum
show the dividends previously announced, but
we
3-11
,/. 3-21
3-31
3-16
3-31.
$1%
$lft,„
30c
(quar.)——
(irregular),,
Industrial Securities Corp., 6 7? pref.
Interlake Steamship Co,
(irregular)
International Paper," 5 ft pref. (quar.) ______
3-20
3-31
.
$lft
(quar.)—
25c
7ft preferred
Dry Goods Corp.,
Consolidated
Then we follow with a second table in
week.
current
4-1
iN- 3-31
(quar.)
8%
we
3-27
;
.
Motocycle
12'Ac
(quar.)__.
Courtaulds,
first
Indian
preferred
preferred
(quar.)__
Consolidated
In the
bring together all the dividends announced the
3-20.
;
Consolidated
grouped in two separate tables.
3-27
(irregular)*:
Ltd.
preferred
Gas,
&
Indiana
$1 'a
____,
common
preferred
Courier-Post
are
"
67?
4-
,
,
(quar.)
Michigan Electric Co.—
3-20
20c
A,,
preferred
3-27
».
'
75c
___
Cooper-Bessemer
Dividends
~Gr/d
_________
preferred
Alcohols,
Consumers
DIVIDENDS
3-10/
8ft
(Lima, Ohio)
$6
1024
;
General Service Co.—
25c
(quar.)
Commonwealth Water &
Concord
1
Indiana
■•
3-21
—_______
Co.,
Baking
Commercial
1023
1023
1023
1024
3-10
3-20
25c
participating
$1
.
3-19
-
3-23
.
,
62v2d
Lamp & Stove
.
conv,
3-31
■■■;
3-16
preferred (quar.)_r,
37 Vic
Hygrade Sylvania Corp. ——:_
31V4C
Imperial Bank of Canada- (quap.)rrL™"r—ft
Income Foundation Fund, Inc.
(quar.)
lftc
67?
v
r
3-16
3-20
—
Columbia
Press
3-10
3-31
$lft15c
$lft
____—*
(irreg.).
3-31
3-20
10c
(quar.)
Manufacturing—
$1%
$
(quar.)
Colonial Finance Co.
$1704
Hydraulic
(Del.)—
Bottling
preferred
•77?
________
3-20
75c
(reduced)*___
common
(quar.).
preferred
67?
__3-20
.
15c
(reduced),
Colgate-Palmolive-Peet
$In Vol. 154.
this issue.
in
♦Announcements
preferred ; (quar.)—
Graphite Bronze, com.
$7
1
May 1
stock
_Mar 27
United Light & Power Co. 6ft
gold debenture bonds,
series A, due 1973
—
May
1
6'A ft gold debentures, due 1974
May 1
6'A gold debentures, due 1975,
______
May
1
Utah'Light & Traction Co. 5ft bonds, ser. A, due 1944—Mar 30
mortgage 57? gold bonds, due 1944
Engineering & Mfg. Co. pref.
1
-
M
10c
y
—
$l'/4
Company
1023
1
4-
1 Sl'/4._
15c
of Red.
3-31
37ftc
(quar.)__**„__
Motors
Electric
67?
3-10
4-
Sound Co.
Humphreys Manufacturing Co.,.com.
3-10
1
(quar.)—
Commonwealth
1
: 3-10
U 3-16
1
■;
(quar.)—.J—
$i'a
International ^(irregular)
consolidated
1
5c
preferred
Extra
Traylor
Western
7ft
Coleman
non-cumulative income
.
Traction
Haute
4-
*.
4-
l___,
Coca-Cola
270
l'7
(Washington, Pa.)—
Water
Participating
1
May
—
1969
due
notes,
1965
Corp. 30-year
Syracuse Transit
Terre
due
preferred
first consolidated
Power Co.
&
bonds,
gold
1
4-
________
Coca-Cola
debentures,
Light
Water,
mortgage
47?
Corp.
1
4-
$134
(quar.)
(quar.)
(quar.),
$2.50
Apr
1
308
due 1952
——Alar 15
830
Richfield Oil Corp.?4% debentures, due 1952—;—I
Mar 23 * ' "'ft *
Saguenay
Power Co., Ltd.,
1st mtge. 4 '/4 ft
bonds,
ft,/./.ft./
series B, dated April 1,
1936,1
—*—
—Apr
1
925
Sioux City Service Co. 1st mtge. 6s, due 1951
Apr
1
1022
.Smith & Wesson, Inc:, 1st mortgage 5'As, due 1948,—Jly
1
56
Southern Natural Gas Co. 1st mtge. 3Vis, due 1956
Apr
1
1022
Co. of Illinois preferred stock
ft, Reliance Mfg.
4-
4,
preferred
conv.
$1%
preferred
Coca-Cola
——«,—
Hummell-Ross Fiber,
-
45c
_
(quai\t____
ft
Cleveland Hobbing Machine Co. (irreg. i_
Clinton Water Works, 7ft
preferred (quar.)
Reading
3-16
$1'A
(quar.),,,,.,
Cleveland
/ft 1019
1019
Howell
62'Ac
(quar.)
5ft
1
.Philadelphia <fe Reading RR. 4'A ft
•
Howe
4-10
3-10
_
preferred
Citizens
•ft
*
Mar 31
—
-
*
3-20
$1'A
1
(quar.)___L_,_,
Yards (irreg!),*
Co.—
$5
-
1
4-20
$l3/4
preferred
Stock
$6
1 "
4-
#'•
$1.50
"
Service Power & Light
$7
4
-
May
Co.
3-21
$1%
(quar.)
(quar.),
pref.
common
Union
Cincinnati
Cities
ref. mtge. 5s, series
1st &
1954
due
Pennsylvania
6s, series
—
—
—
Co.,
convertible
6ft
829
.—Apr 11
—Apr 11
1971—,,
1962
due
due
Tool
Co.
5ft
Title & Trust
Chicago
\.
Trust
1
$1'A
V
L,,-:.
•
pref.
3-20
4-
•
Holders
Payable
Material Co.—
Field
4-1
75c
(quar.),,
:
7ft
Co.,
Daily News,
Chicago
1018
,
iviar 15
_
1st & ref. mtge.
Service Corp.
1947
due
*_*
•
■
1
pref.
Light- $6
(quar.),,:
Bank &
Chemical
Chiksan
_____*^_______A|)r
_________
_________
&
Power
Maine
0:1
1-
'•$174
(quar.),,,
preferred (quar.),,—_______
$6 preferred (quar.),,,
Preferred,. 5ft dividend series (quar.)
debenture bonds,
(Joseph M.) & Co., Inc., 6%
pref._ft_
5ft
Ry.
6ft
__.
Patterson
Power
preferred
$7
Page
Ohio
&
Name of-Company ~ -y *V" shdre
*v,;- V
Houston
•V
37'Ac
Ltd.,
Lines,
Clinchfield
Carolina
.
Payable- of Rec,
-
*$2»A
Capital Administration, $3 pref. A (quar.),,
(Continued from page 1075)
i Lukens Steel Co.
Steamship
When
1.
share
pref. (quar.)
California Water & Teleph. 6ft
Canada
Company and Issue—
Company-^-4-
of
Holders
When
Per,,
Name
-•
Monday, March 16, 1942
5
Jk*U-WWVS'
(irregular)
(quar.)
1—
—__**v
—
'
50c
Volume 155
:
Number 4055
-
THE COMMERCIAL & FINANCIAL CHRONICLE
f
1077
'
Per
7
share
Name of Company
'
Orange & Rocki'd Elec: Co., 0^
When
Payable
preferred (quar.)
Paciiic
Can
Paciiic
*
Co.
'b
va'/e
$11/4
"'
(quar.)____—•
Finance
0 Vfe * scries
4-
Corp. of Calif.,
3UC
-4_
<
;2l)C
pi eici Tca
series
kj
5-
ft- 6-
'
•'-
Pacnjc Tei. &
_v'_
4> X
(quar.)
u"ctci), rnc.
Peasiee-uauioerc uoip.; b'/t
f
iquar.j-_Y-:.:V
piei.-
Common (irregular)
Peninsular Telepnone, Common
(quar.)
-
•
.'
ipi.tu
ciass
a
(quar.)
0.1.40
UttSS
a
(quar.)
01.40
Class
A
(quar.)::___
Pennsylvania
Co.
y -
Yvorxs,
prei.
6-15
:ft' b- b
;'ft 8- 5
8-15
11-
11-15
___
ft
15c
IOC
iquar.;____ f.%
*:■
'$174
4-
ft
8/y2c
Wilton
insurance
insurance
Paper
Co.
.\i>-u.)__—___
(Hartford)
ftY
.ftClass
L>A.
(irregular;
inc.
2-
Yale
5
btfc
preferred
t-ocahontas
Gamble, 8%
Gas
Co.
(irregular;
preferred
4-
preferred
(monthly)
Y
1' ft
3-20'
4-
1
3-13
1
3C
4J
1
4-
1
50c
4-
1
4-
1
_
common
flrregularf
common
(irregular)
preferred
(quar.i __y_
(irregular)
Pump Co.
convertible
Elec.
preferred
&
Silk
ft
30c
Sugar Reiining
Lock Co
(quar.i
3-24
Aero
Aetna
Aetna
1
3-23
Aetna
Life
3-18
Aetna Standard
4-
3-14'
1
3-25
2-28,
3-27
3-17
3-20
3-10
certificates
Stores,
•3-20
5%
3-10'
5-1'
4-
;
Singer Manufacturing Co.
3-11
20c
3-31
3-20
3-31
•Y3-20
4-15
ft. 4- 1^
ft
62'/2c
$1%
$1%
4-
$ 13 8
__
$l'/4
__
(quar.t
4-
10c
1
._—
(Howard)
$20C
ft* 4-
•'ft 4-
t:
1
C.)
&
1
t.
*
Southern
Franklin
Southein
Natural
Process,
Gas.
3-10
Radio,
Ltd.,
7%
pref.
class
B
class
Salesbook
A
4-
1ft
4-
ft
1
$l3y4
(quar.)
...
ft:
25c
$1.13
A
com.
,
$75C
•'ft 5- 1
J75C
5-
:
4-
1
Co.—
37V'2c
(quar.
3-14
3-
$6
3-14
3-
4-
Texas
Electric
Railway
Texas
Electric
Service
Third
Canadian
4
6ft
Investment
Trust
for
rets,
rets,
Trade
Traders
&
Co.
Trust
Williams
&;
Steel
9
4
Irregular
Trico
Corp.
•
$1.50
26 %c
Ltd.
preferred
Fruit
United
Fuel
1
4-
1
.
■^6
U. S.
&
Foreign
1st
t$l
-v
American
14
6ft
1
4-
1
3-16
$1%
Y
4- 1
•
25cs
3-31
37ftc
8ft
r
3-31
(irregular)
••
$1
<quar.)_
preferred
1
75c
3-23*
4-15
1
4-
1
3-12
62fto
4-
6
3-17
37%0
a
4-
6
'
'. 3-21-
preferred
^
Ltd.<
ft
■
^t3-17
3-31
.'
Waialua
pref.
$3
prefcred
Walker & Co.,
2
2-28
3-18
5-
4-14
4-
1
1
3-17
.
' \
3-16
3-25
50c
4-
3-10
■
•••
3-
2
3-11
1
3-20
•15c
3-21
ft: 3-31
3-31
ft
3-14
10c
,
3-
1
•
3-31
••
3-
9
3-
1
Co.
'
ft
(Salt Lake City)
5ft
6-30
12-31
12-31
4- 1
3- 1
3-17
Express
$1.06Mi
4-15
4-
(quar.)25c
4-15
(quar.)
(St.
common
25c
3-15
3-
4- 1
75c
4-
tl5c
50c
(quar.)
Fork
&
ft
$13A
$134
$lVz
'ft $1V2
t30c
t35c
(quarft
com.
ft ft
..
——/•
_
Steamship
preferred
(quar.)__
(monthly)———
(Newark)
Co.
Insurance
i
of 111.,
Invest. Co.
75c
3-31
75c
3-31
..
4-1
&
(irregular)——Tr. Co. (Chic.) (quar.)
(quar.)————---
3-26
7ft
pref.
25c
4- 1
4-
3-20
American
3-16
American
?5c
(irregular).
t.
c.
(ouar.)
(ouar.)
(irreg.)_
—
l___w
$2.50 "clasir A —J'"'
preferred (quar.)
7ft
preferred '(quar.)
:
-20C
1
3-26
•
$1%
75C
t62 y2c: ft
'
-
4-1
4-
1
4-. 1
4-1
3-21
-
-
3-21
...3-21.
3-20
$5
Power
&
".Corp.,
American
PubPc
=
Light Co.,
9- 4
12- 4
$13A
+75c
162 y2c
4- 1
4- 1
Service,
Radiator
common
••
.
&
7ft
t$l3A
3-20
Standard
Sanitary
Rolling Mill, 4'/2ft pref. (quar.)—
-^AihPr-iean ^erew^^ Uefrftirregular-)—V—American Service Co., class A (resumed)-——;
3-31
$iy8
2°rt.
.
,
2-28'
1
3-13
1
3-13
3-20
4-
1
3-13
4-
1
3-10
4-
1
3-14
4-
1
$1 ft-
(quar.)
t$l
-
$ $ 13/4
(quar.)——
t$2
3-
3-23
3-16
.
4
3-14
: 4-15
15C
Corp.
3-
2
(Del.)—
ft
„
series
1938
40c
62>/2c
(quar.)
3-31
ft
3-10
3-31
3-16
3c
3-16
2-27
23C
(interim)
(quar.)
3-16
3-
4-
2-27
• •
$iy2
—
1
5
3-16
3-
2
3-16
•
-
3-
5
3-31
3-13
•'
3-21
3-21
--
$1%
3-31
50c
4-
40c
•-
ft
3-25
'
3-13
2-28
4-
75c
3-
3-31
$1 y»
(quar.)—„—
1
3-16
$2
(quar.)
of
3-10
1
3-20
30c:
3-
9
6
ft 4-
1
3-14
4-
1
3-16
t$iy2
Vancouver,
Ltd.—
t50c
5-20
110c
5-20
4-30
25c
ui—
com.
3-31
3-16
(quar.)—,,
$1%
3-25
75c
3-16
30c
—
Columbia
:
50c
Corp.
(s-a)
Packers
(initial)—,T__
class
Power
•ft-'
A
(quar.)
—
$6
t$iy2
ft.
3-17
3-
2
3-16
3-16
2-28
3-27'
1
3-31
3-
2
t3c
3-16
2-28
4-15
,
■..ft- t50c
3-31
3-31
t50c
(irreg.)
1
3-16
5d
pref
4-
ft 3-16
ft
4-
i$iy2
(interim)-.
•
4-1
$1
.;
Co.
4-30
3-31
-50c
(quar.).;—.
4-
25c
1
3-10
3-19
3-16
3-
$iy4
4-
1
3-20
15c
4-
1
3-14
$1%
4-
1
3-14
$1V4
5-
1
—
(quar.)_
Co.
2
Piston
ing
the
1,
1,
1942)
7ft
—
preferred
States Life
Ins.
Co.
(s-a)
Corp., Ltd.
& Forcings,
&
Mortgage
Cable Co.,
preferred
;
3-
2
-.ft
(interim)
Corp.
(Interim)
(quar.)
<:.
4-
1
3-14
3-16
3-20
3-10
50c
3-16
3-
4-
3-
6
2
1
3-14
3-23
25c
3-JO
t$i,y4
3-20
2-28
tlOc
3-16
3-
2
tmc
3-16
3-
2
tl5c
3-16
2-16
15c
3-16
2-16
4-25
3-31
4-15
3-31
+
J15C
:
t$l3/4
4-
1
3-16
4-
1
3-14
3-15
t$2
t$l%
2-28
non-cumulative
3-15
3-15
2-28
t75c
4-
1
3-16
—
*12 Vic
4-
1
3-14,
(quar.)_ft
$15C
4-
1
3-14
4-
1
3-14
J25c
4-
1
3-14
t5c
Ltd.,
t$l
t50c
t5C
Ltd.,
Breweries.
first' preference
Far tic'pa tine
I.:
•
.•
(quar.)
(quar.)
preferred
-
Ltd.—
Ltd.—
common
Extra.
<;
3-17
3-16
$1.9615
—
(quar.)
common
7ft
4-1
$1,
4-
1
3-14
$25c
3-31
3-17
i25c
3-31
3-17
t$l34
3-31
t$l .15
3-ai
3-17
3rl7
12-31
—
$2 pref.
(accum.)
common
conv.
pref.
(quar.)—
Participating
•
15c
6
t75c
Participating
_
3-10
3-
$l3/4
(s-a)
Co:
Canadian Canners,
2-27
2
3-20
3-16
75c
Class A
5ft
3-
10c
(auar.)
Class
60c
3-31
25c
—
Permanent
Canadian
50c
—
dividend of $1.75 due
1939, ' and
interest
thereon
to
Wire
B
3-14
3-16
(irregular)
Co.
Foundries
6 Va ft
1
1
quarterly
Iron
A
4-
4-
ft:ft:
Ring——_—
Battery
4-15
40c
U7%c
:
Canada
6- 5
4-15
'3-16
4-1
3-20
4? 1.>s 3-10
3-15
4-
Brass
Canadian Celanese,
15c...
6
4-
3-31
Canada
.
—
3-16
3-31
Crushed Stone
2-28
preferred——
3-16
1
$4c
(quar.)——
West
3-1o
3-10
$6 pref.„
I
preferred
3-
1
4-
25c
Distillers
Ink
3- 6
—
(quar.)
preferred
3-16
4-
37V2C
Cement,
3-14
$13A
$134
3-16
6-15
9-15
12-15
(quar.)—
10c
40c
^
.
2-27ft
—
7ft
A
Nov.
-
Goods,
3
25c
ft".
—ft—".
Canada Motor & Lamp cl. A (quar.) (irreg.)
'; Class B tquar.)
(irregular)
Canada Northern Power Corp., com. (quar.)
7ft
preferred (quar.)—
Canada Packers, Ltd. (quar.)—
4-14
ft
Optical; Co.
3-20
(quar.)
Bearing-.,
Columbia
Class
3-10
3-16
4-15
3-20
3-31
40c
Canada
3-9
3-9
50c
$2
3-
3-31
—
Canada
3-14
4-1
4-1
?
ft
3-16
5c
37y2c
Campbell; Wyant & Cannon Fdy. Co. (irreg.)
Canada Cement Co., Ltd.. 6'/2ft pfd. (accum.)
3-10*
Sl'A
Manufacturing Co., com. (irregular)
Co.
3-24
2-28
$l3/8
ft—
Cambria
3-14
t$l34
20c
50c
(quar.)——:
7ft' preferred —ft—
4- 1
4- 1
3-15
37y2c
(quar.)
—
Ltd.
Ry.
California
ftft 3-14*
50c
62J/2c
3-12
(quar.)
California
3-2
ft
&
April
2-2
4-1
5
1
35c
_i
&
Calaveras
3-20
5C
(quar.)
•
1
3-16
25c
5
3-
4-
U2y2c
Burlington Steel Co. (quar.)-..
Butler Water 7ft
pref. (quar.)—
Byers (A. Mft) Co., 7% preferred (representr
'3- 5
fs-a)_—-
3-
3-31
preferred (quar-.)-—,,
preferred
Burgess
3- 9
4- 1
•
3-31
(quar.)
& Sons
preferred
Burd
4- 4
2-18
2-18
•
Roller
Bullard
2-25
20c
$2 pref,
preferred
Looomotive,
Meter
3-20
—-
Products-
1
(irregular)—
3-16
6V4C
(irreg.)
6.4% preferred (quar.)—
Building Products, Ltd. (quar.)
Leather^-
&
Home
$5
2-25
3-15
1
Buffalo, Niagara & Eastern Power Co.—
r
—25c
4-
(quar.)
Bucyrus-Erie Co., common
1
7ft preferred (quar.)
3-16
•,
3-10
t$3
(irreg.)
8-25
4- 1'
3-10
1
quar.)
com.
11-25
40c ,' ;3;16
' 10c
;3-16
3-23
1
common
Brunswick-Balke Collender Co.,
$5 preferred (quar.)
3-12
►
Corp.,
Porcupine Mines, Ltd.
Brown-Fonnan Distillers Corp,
5-25
4-15
1
4-
4-
!
Broulan
3-12
•
4-
$1%
Inc.
(E. J.)
British
3-12
9- 1
12- 1
4- 1
4- 1
3-16
3-16
$1.18%ft
(quar.)___—
(Houston, Tex.)—
Paper
3-10
mvt
22c
7
$l'/2
Corp,
Elevated
British
3- 6
4- 1
1 Y: 3-15
7V2C
British-American Assurance
2
6- 1
Steel
Bristol Brass
3- 3
3-13
1
3-20
4-
(quar.)
.British-American Tobacco, Ltd.
3-14
4-
1
(quar.)
Albany RR
&
Class
3- 4
,
4-
—
5'/2ft conv. preferred (quar.)
Briggs. Manufacturing Co.—
Briggs & Stratton Corp.
:
Brillo Mfg. .Co., com. (irregular)
3-16*
.ft 3-
2-28
3-
37»/ac
(quar.)
50c
Corp.
Bridgeport Brass
3-11*
4- 1
3-19
1
6
$iy4
Ltd.
Mines
Extra
1
3-15
;
&. Elqc.,
American
American
(quar.)
•
1
4-
7c
pref.
common
Loan
preferred
Breweries
Co.—
Hoe
American
3-16
3-25
1
4- 1
4-
25c
37'/2C
Corp.
Aluminum
3-11*
$1%
y
6ft
.ft 6%
4
10c
75c
(quar.)
convertible
Eower
Louis)
_____
3-21
Brazilian Traction Light & Power Co. Ltd.—
3-20
pref.
1
(quar.),
Indus.
River
Brach
3-16
Co.
American Nat'l Bk.
4-
1
,
4-
(quar.),
(Eostoni)
(irregular)
prior preference
Boston
12-15
3-15
4-
—
Canada,
Mines,
Radio
Boston
12-15
10c
30c
1
(quar.)'
Co., common.:
preferred (quar,)—
RR.
Stores,
6-15
2-20
5-
50c
Inc.
Bond
9-15
J4c
,
5ft
4-24
3-16
$1
(quar)
Trust
Bohn
9-15
9-30
5-1
25C
2'/2c
!
6-15
9-30
; ':
62'/2C
j 'Bloch Bros. Tobacco Co.—
3-15
6-30
3-13
Bishop Oil Co. (quar.)
3-16*
3-31
3-10
1
(quar.),
Black & Decker Mfg. Co. (quar.)
Bliss & Laughlin, Inc., common
3-15
$1%
ft
preferred (quar.)—__————--
American
$2
—
1
$1%
50o
(quar.)
Chicle
4-
3-31
1
4-
$1%
;
3-10
4-
7ft pref. (quar.)
Birmingham Water Works 6ft pref. (quar.).
3- 2
ft
3-31
..$iy2
—
3-16
preferred (quar.)
Telephone of Canada
Bethlehem
4-1
4- 1
Gold
Creek
$2.50
>
3-10
3-14
3-31
conv.
Co.,
3-25
4-1
(quar.)
(quar.)
Creamery Co.,
preferred
(quar.)
Berens
3-17
3-21
of
Berghoff Brewing
3-25
50c
Can
convertible
$1
(irregular)
t25c
t$l3/vY,.-.
(Hartford)
Common
<
3-9
$1%
——
Insurance
Note
4-1
;4- 1
50c
,
■
9
4-20
ft
7ft
Inc.—
v.
5ft
•
"3-6
3-30
$1
(quar.).i__.
$2
Agricultural, Ltd.
2nl.ntefeT,''e'i
3-
25c
(irregular)
Wagner Eaking Corp., com.
7ft
3-19
$1
J15c
preferred
Investing
preferred
Beneficial
3-9
,
$1%
——
American Machine & Foundry Co.
3-24
3-16
$l»/2-
(quar.)—_.—_______
—
5ft
American
American
3
Irregular
Viau,
Bank
4-1
25c
15c
—
$4.25
Automobile
convertible
American
2c
Utah Home Fire Ins. Co.
6ft
American
,
_.
.ftf$iv2
Co.,
Airlines,
Hawaiian
American
3"1&
'
4-
(quar.)
Pictures
:.
3-
1
50c
(quar.)
com.
__________—
Hide
ft 3-23'
50c
•
(quar.)
com.
(irregular)
Co.
(quar.)
preferred
Extra
-
(quar.),
prior preferred
1st
1
Ltd.—
(quar.)
Co.
Hall
Belmont
3-16
.ft $1
$1V2
,
—
—_—___.——-
American
Ltd.-^
UniversaiULeaf Tobacco Co.,
Universal
1
ft; 4-
May
Canada,
7ft
Bell
3- 6
;ft, 25c
ft: t$l
-—
(quar.)
American
'3-23
3-31
50c
"
8ft
4-
4-15
$i5c
Packing (quar.)'
Belding-Corticelli, Ltd., common
9
4- 1 ft
$1^v
.
common________.
Manufacturers, Inc.,
3-
4-
15c
•Quarterly
■
6ft
4-15
(quar.)
preferred
Brothers
Beattie
3- 5
.
3-20
v43%c
(resumed)
American General Ins. Co.
3-20
Paper Factories—
Universal-Cyclops Steel
—1__
Extra
3-20
•
Wall
t$30
—1
Beech-Nut
,
preferred (quar.)
4%ft
3-21
4-
pref.
.
3-31
>
.
pref.
(quar.)
American; Gas
>Vi. y 3-24
62ftc
(quar.)
Securities Corp.-;-,
3-16
3-16
3-31
3-16
4- 1
4-21
3-28
•'
Co.
3
1
i >3-31
50c
—
preferred
Petroleum
United
3-10
pay-
common
6ft
Co.
convertible
Beech
3-7
3-16
'
Co.
V
American Felt Co;,
3-20
1
5-
-
$iy2
_______
Co.
preferred
S.
1
4-
4-
15c
Corp.—*
Illuminating Co.
:
United Shoe Machinery, common (quar.)____'
6 ft-
Co
Ltd.
$5
3-13
25c
(quar.)^__.—
6ft pref. (quar.)________
American & Foreign Power,
$6 preferred—
$7 preferred
1
—
3-20
(quar.)____
United
U.
Elec.
Beatrice
4-17
4-1
25c
Quarterly
3-20
58y3c
(quar.)___.
Investments,
class A preference
6ft
6-20
6-20
3-23
25c
of
Scotia
Bayuk Cigars,
3-13
5- 1
$1 'A '
.V---—
America,
preferred
American
2-10
4-
___
(quar.)__
Forging
3-12
?$1V4
_____
Y.). (quar.)
(quar.)
Elliot;Fisher
United
3-14'
1
7-6
7-
Alarm
Ins.
National
$5.50
i
4- 1
$1
2-10
41%c
(quar.)_i.__,
Century Fox Film Corp., common
conv:
3-31
50c
pref.
$6
Tubize-Chatillon Corp.. T/e
Underv/ood
3-10
50c
Refractories, Inc. (irregular)——,
Bastian-Blessing Co., common
(quar.)
3-20
50c
Quarterly
(final)
1
;
Corp;,
Products
Twentieth
ft
6
Basic
3-20
4-1,
—
:ft 3-15
3-12
ft:
•
Tri-Continental
1
4-15
2%c
(monthly)____
Building Association.
Transue
Y4-
75c
$2.25
(quar.)
(reduced
6ft
3-16
1
4-1
——
i
(N.
3-
3-
114c
(final)
(quar.)___
Co.
4- 1
"4-
6ft
Trust,
(monthly)
Mortgage
Bank
3-14
ftt 3-10
4-
3-21
American Cigarette
$1
$3
Fire
Nova
Bartgis
3- 7
3-31
& Cigar Co., common— ft.
$2
preferred (quar.)
—$1V2
American Colortype Co
—
:
15c
American Cyanaraid Co., class A (quar.)
15c
Class B (quar.)
——
—
15c
5ft cumulative preference (quar.)
'
12y?c
American Envelope Co., 7ft
pref. A (quar.)
$1%
9
$13/4
Light,
Corp.
Barrister
4- 1
8%c
—
American
5
3-
3-14
$iy2
_____
reg.
ord.. reg.
Co., :5'»
pref.
(monthly)
Toronto
3-
4-30
Ltd.—
Co.,
deferred
for
3-25
$1
pref.
—__—■
preferred
77c
;
!
preferred
6"c
'
■
^
Barber-Ellis
3-/ 5
$lVa
Co., 7ft preferred <quar.)___
American Capital Corp.,
$3 preferred
American Chain & Cable Co., com.
(irreg.)
3-10
$2
——
dep.
Edison
$3
iliquidating>___
preferred (quai^i
Securities
dep.
1
12 fee
pref.
conv.
preferred
(quar.)„
Bankers Trust Co. (N, Y.)
3-7
.
$3
7ft preferred (quar.)——
ft Common (quar.)
American
3-16
25c
Corp.,
S6
General
i
4-i
•
25c
common
(irregular)
Toledo
4-
1937.
Reflnfng,
Co.,
of
*
,
American
3-23
1
3-16
$1%
•
pref.
conv.
Transportation
Terry Steam Turbine Co.,
1'/<
preferred (quar.)
j Amer.
v Amer.
2'
3-16
,L$i^ft
6ft
3-20
_
3-16
4-1
(s-a)
(quar.)
4
Power-r-
7%
preferred (quar.)
Tappan Stove Co. (irregular)_____
Tobacco
3-
Central
Bankers
3-25
4- 1
...
$$1%
—i
preferred (quar.)
American
4-10
$l'/2
common
Bank
Y.)
N.
(quar.)^lll___" "
Co.
American Alliance Insurance
'
'
Ltd.
1,
Bangor Hydro-Elec., 7ft pref.
6%
preferred
(quar.)
3-14
$1%
/,
of
preferred
American
7
4- 7
3-2a
30c
—_—
3-31
82»/2c
■
5*
3-16
4-15
:$iy2
-
period from
year
Breweries
BancOhlo
4-1
$1V4
(quar.)
Amalgamated
3-31
(quar.i_____
7ft
4-15
$1
7ft preferred (quar.)___
Amalgamated Oils, Ltd. (interim)——— .ft
Sugar (quar.)
American Agricultural Chemical Co.________
3-19
3-14*
4-10
6ft
Common
3-18
3-31
4-10
*37V2C
&
five
Rayon Corp.—
prior preference
Autocar
3-16
$iyi
Corp.,
Co.
3-31
35c.
,17ft preferred (quar.)
4-
1
Stores
Common
3-17
>"•tlOc
Yft
(quar.).—________
Coal,
3-
Mtg. Corp.—
preferred (initial)
4%
3-16
ft 37y2c
(quar.)
1
:
3-17\
4-10
Superior Portland Cement, Inc., $3.30 cl. A_
Terminal?
2-21 ft.
2
t$25
May
&
Gas
Auburn
ft 3-23
1
:
Aluminum Goods Mfg.
ft£;ft4-ftlft:
noc
Superior Water Light &
Temple
■■■
represent
Atlantic Refining Co. (quar.)
4% preferred convertible A
uf Rec.
3-31
25c
(quar.)
(quar.)
(quar.)
Aluminum
3-31
4-15
iquai\)__
_>
__
Ltd.,
preferred (quar.i—
Class
50c
$iy8
(quar.)
(quar.)....
Steel Co. .of Canada,
:
Oil
Atlanta
Holders
■
20c
tquar.)
—
A
4-
75c
Vicksburg Ry.
Aluminum
3-10f
4-15
&
When
Payable
$1
._<i_
(quar.)
Mfg. Co.
'
10*
—
-
A
class
Alpha Portland Cement
Altorfer Brothers, $3 conv.
3-21"
3-31
$l'/2
___
pref.
Springfield Fire & Marine Ins. Co.
Sunset-McKee
•••
(quar.)
preferred (quar.)__)
7ft
40c
Ltd. (irregular).—_
Ludlum. .Steel_________—___—Allied Chpmicai & Dye (quar.)
1
Allied
Laboratories
(increased)
Allied Products Corp* comriion (quar.)_
4-18'
u'fi-*:... /
Typewriter—
(irregular)—__
ft
c.
3-14
10c
(quar.)__
"5ft preferred (quar.)
3-16
3-31
$iy2
common
(s-a)______
preferred
Allied
3-21
••
Corona
(quar.i
Pittsburgh Water, 4Va'7c
SI.50
n
$iy2
preferred
7%
.
(quar.)_____
-
B
(quar.)——
Common
3-21
3-30
Co.j—
preferred
Class
>
1
5-
$l»/2
iY*—
A
Special
Paper Mills—
preferred
4-1
Pet
—_
1
t20c
(quar.i
—_
"
*
Allegheny
3-17
3-31
'■-t$l%
_
*
'
Alexander & Baldwin,
3-17
1
4-
•
'
1
$7 preferred
Alabama
'
Extra
Class
Ashland
2-28
1
Electric—
above
Constable
Automobile
Engineering, 5ft pfd.
Shoe Stores, Ltd.—
Power
$5
3-14
ft 4-- 1
tquar.i___
preferred
Ins.
$6
3-18'
7
1
,
Standard
3-19
share
class
Ahlberg Bearing CoJ, class'A
$iy2
—
Common v.
1
3-16
4-
25c
Art Metal Works
(quar.)—
Asbestos Corp., Ltd. (quar.)—
;
Extra
-
Surety Co. (,quar.)__
Co. (quar.) _______________
;
Alabama
3-10
Co., 7% preferred <quar.)_—
Industries, Inc.— '-•.•:.V ••.
prior preferred (quar,)__
Mfg.,
(quar.)
3-14
<
$6
4-
346
•
$2%
pref.
&
Corp.
Arrow-Hart & Hegeman
these being given in the
week,
7ft
preferred
(quar.)__
Agricultural Ins. Co.
(Watertown,
2-28'
ft
3-21
12V2C
40c participating preference <s-a>___
Simpson's, Ltd., 6Vi% preferred (accum.
South
3-21
15c
Casualty &
Supply
Agnew-Surpass
50c
Water
(L.
3-31
Works
the
to
Automatic
4ft
Ball Bearing
3-23
3-27
t$l5/s
________
Shareholders Corporation (quar.)
Silverwood Dairies, Ltd., com. (accum.)
6%
3-18
Arnold
The list does not include divi¬
4Vi!ft
3-16
$2V2
<s-a.i_;___
Ltd., 6Va% preferred.—._______
Electric, S6 preferred (quar.)
Seaboard Commercial Corp., common iquar.t
5% preferred A-(quar.i^—
Smith
3-21
3-31
15c
—
1
50c
Scranton
■
this
—
4-
2oc
preferred
Smith
3-31
10c
lOtr,;
;
Laboratories
3-31
37%'c
—,
Properties,
4-
i2y2C
(irreg.i
3-31
Ltd.—
Savannah
W
P
4-1
50C
(quar.):
(quar.)
co.
4-10; ,•<
p 10c
(reduced).'
Allotment
3-25
1932
Associated
preferred (quar.).
Adams (J. 0.) Manufacturing Co.
Addressograph-Multigraph Corp.
.
Shaffer
3-20
4-1
Co., 6ft
dividends
for
3-20
1...
4-
(quar.)_
(quar.)
Andes Copper Mining
Armstrong Cork Co., 4ft
give the dividends announced in previous
we
Extra
*
3-31
4-20
—_
$5.50
1
15c
ft'ftft'if' Name of Company
A
3-31
20c
Engineering
Mills,
4-20
ciass A preferred
t50c
(quar.) V
Income bhares, series A (irregular)
S.0.0028
Royalty Corp. (quar.
10c
Sare Deposit & Trust Co.
(Bait.)
(quar.)__
$5
St. Joseph South Bend & Soutnern Rk.—
Selected
4-
Co.
(B. F.) & Sons Co., 6ft
Avondale Mills, commbn^l—
3-31
participating
Sedaiia
3-20
$1%
•
1,
3-20
1:
Tobacco
Avery
3-20
4-20
Sabine
Schlage
1
Cement—
announced
3-20
10c
—
Royalty
-
Co.
1
4•
ment
3-17
4-
ft
two
4-
'
$1%
(quar.)
preferred
ft
1
4-
$1%
3-20
ft
10c
_
(quar.»__—_•■•■
i
Mfg.
5%
3-20
3-31
"
50fi
pref.
—
The
;
3-15
41 %c
____
Roller Bit
(quar.)
Reliable Fire Ins. Co. (Dayton, Oniot
Reliable Stores Corp., common
>
Below
Abbott
A
Sampson's,
4-
25c
preceding table.
3-11
58y3C
B
5%
3-11
50c
Co.
Portland
dends
ft
3-16
4-
_
Reed
i
Iron
weeks and not yet paid.
3-25*
$2%
.
Class
Common
1
Anchor
.
$2.50
2
'3-27
26c
•
3-
4-15
loc
•
•
Im¬
.
Ciass
$2
3-10
3-12
25c
7%
Copper Mining Co
Post
Fence, 6ft
preferred———,
Atlantic
3-14
4-
$2
i——
___.
(monthly)
preferred
(monthly)
Railroad Employers Corp.-rr.-
5%
3-20
3-16
Coioraoo—
preferred
Reliance
4-15
3-12 '
1
3-31
30c
(irregular)
Anaconda
3-16
1
4-
ft, 3-16
50C
._
Co.tR.
(irregular;
Tic
Riverside
3-19
4
3-25
'15C
____■
(quar.I
(reducedi___-
of
Co.
bYo
*
$1%
Co., class A (quar.).
"
80c
3-31
Water
4-
$1%
•
-
Co._
Tobacco
American
3-20
4-15
4ft
noh-cumul.' pref.
Youngstown Steel Car Corp.—
•Increased quarterly
3-14'
3-14
4-io
37»/2C
(quar.)
Co.
Investing Corp.
Service
Reda
4-15
25c
Town'e
&
Yosemite
3-20
l
3ft31
r2bc
___
Inc.,
6'/o
•
(s-a)—
Foundries
& Tel.
'*
12>/2c
—_
(quar.)
$6 preferred
(quar.)
Athoskeag Co., common (semi-annual)
ft.$4.50 preferred (s-a)
5-20
3-20
4-
B
American
3-26
3-31
4-15;..''
4-15
$1%
Woodward
2
Sugar Refining,
American Sumatra
3-16
(quar.)_______
ft
3-25
4-
•'
■3Uc
Providence Washington Insurance
providence & Worcester RR. Co.
i
1,
7ft
>
Public
4-
$iy2
ft
4-15
'■ft
5UC
-'7y2c
„_
Piiisourgn Metallurgical
Prudential
Railroad
pref.
& Lovett Grocery
Winn
3-19
1 •••'
Stores
American Tel.
;
(Indianap)
Steel
1-15
lc
>3-11
1 '
3-
3UC
(quar..t_l-
iirregu»dr)___il__^
racxage
Pierce Governor Co
Providence
7ft
Co.,
Co.
(irregular)__
of Rec.
*
'4-1
'
National
Creek
Stamping, common
preferred (quar.)
Holders
Payable
:
60c
$1%
American
2-14
1
(monthly)■
pref.. (quar.)______
$6
ft 3-16
ft:
1
3-27
3- 2
•'•
-
(quar.)
American
3-19
When
share
.
La- '•
common,
American States Ins.
3-11
2-
preferred (quar.)
_______'
Wisconsin Co., 7ft pref. (quar.)
—•
Wolverine Tube Co. (irregular)
Woodley Petroleum -(quar.)
4-
-
$2y2
Water
Wichita
:
3-19
ft 4-
1
43%c
___
3-13
3-31
:
12 '/2C
Petersborough RR. (Nashua, N. R.) (s-a)__
Phiiaaeipnia Acceptance Corp., $5 pref. (s-a)
Pond
preferred
-7ft
3-16
17V2C
Oil
Water,
Co.V
American
3-20
1
Snuff
American
__
Westmoreland
5
1 ft
4-
(quar;).—"
(quar.)
Westgate-Greenland
2-5-43
3-31 ':
40c
(initial quar.)
prei.
1
2-15-43
(quar.)__
(quar.)
7V
3-14"ft"
1"
5-15
-
;-•
.
*■>
Water
Procter &
6ft
ft?-16
•
y.-ft;. /
Name of Company
;■
i
.
American
3-17
,
Utilities'Co.,' $6 pref. (quar.)
$1V2
•Western Electric Co: .(reduced)
—V;ftft'- 50c
Western Grocers, Ltd., common' (quar:)^_-ft ••
! ^75c ft;',
Extra: ___-Lift-I$2
7ft
preferred (quar.)
v$$1%
Western Pipe' & Steel-' Co. of California™..: u25c
Western Union Telegraph CO. • (irregular)
■;
50c
2-28
7-
preferred
West." Texas
"
4-
35c
'
Extra
Pennsylvania augar, o%
5
preference
conv;
7ft
Lives
on
(Pnna.)
Pennsylvania Forge Corp.
3-3
3oc
lii.
_____
ft
;
4-
$1.75
3-20 "-ft
3-31
35c
:
Insurances
and Granting Annuities
Pollock's,
Per
of Rec.
•
3-18
-
ft
1
bOC
4-
•
t ft: 3-14
4-.I
3bC
■
•_>.,
lor
■>
(quar.)l^_:___'_'___" r '
;
-
t •ft 3-31
1
50c
iquar.)_____
4__
A.(qu«ir.)-^
Plough,
3-20
Co.
Trust
%Vk
''3-18
20C'
ciass
Pictorial
v
1
Hartford
West Kootenay Power & Light—■ '
; ;
;
' '
7ft' pref. (quar.)__'____-i.___:__—$1%
West'Michigan Steel Foundry, com. (quar.) ;
* 15c
"
3-10
72
$1
_
4-15
ft
ft 3-31 h
*74
000-
West
4-15
'*
1.
4-16
t$i1/4;;ft
—...
1
Phoenix
1
3-28
$ 1V2
-
(quai.)
Page-Heieey Tubes, Ltd.
Phila.
3-20
4-15
3-14
'
Tel., 6% preferred (quar.)
,.r*uui
••
-
*
4-
-
-
Peoria
3-20
"
1
ft 5-1
(quar/ •" 16V4C
preienea
pi.eierred (quar.)___:_—ft
$i'/4
Pacific oreynuunu j^ines, cummun urreg.)_i " ^" 50c
r
$3.&0 cdnv; preferred
(quar.).___„__v-.--v- " 8 71/2C
Pacnic Puolic service
ioc
iquar.;______v__v-^i- -•
-
3-26"
•
Holders
,
>b%•
oonunuii
*
«■
Payable
Wellington Fund, Irtc.
18c ft
3-31
Wellman Engineering Co.
_—vftl0c
1.
West Boylston- Mfg.—
' -"T"
ft"'
' ' ''
'8ft' non-cum. partlc. pref.
$lVt
4- 1
-
a
-outnnwi
1
When
share
'Name of Company
3-25
3-31
'25c'-
•
(quar.)- —
com
'r
" '
Per
of Rec.
T
4-
'Sift
pref. (quar.)
Holders
i.
Ltd.,
com.
(quar.)
:
(quar.)
—
^
—
ft-rFounaers. rights. —ft__—ft—_—
Y.ASI-
«
2-28
3-17i
:
THE COMMERCIAL & FINANCIAL CHRONICLE
1078
When
Holders
Pay'ble
of Ree.
Per
Name
Canadian
7 Ve
Car
&
of Company
Share
Foundry Co., Ltd.—
preferred
•_
.•
Canadian
Converters
Canadian
Cottons* Ltd., common (quar.)
Extra
6%
(quar.p
t$lVa
__
__
(quar.)____—_
Canadian
General
Ganadian
Industries, Ltd.,
B
Electric
.
(quar.)—
Oil
Ltd.
pref. (quar.)__
Westinghouse Co., Ltd. (quar,)—.
Canadian
Wirebouiid
Cos.,
$1.50 class A
Oil
Co.,
(quar.)-.-,
(
b%
3-20
Tel.
&
(quar.)
pilot' preierred
Canada
•
____—
(quar.)
&
3-12
3-31
4~ 1
4-1
4- 1
3-17-
(Toronto;
(increased quar.)—
com. (initial)
4- 1
3-16
3-23
3-31
3-12
3-31
3-12
Telephone,
&
preierred
3-16
4- 1
10c
_______—
Co.
Sav.
V-
3-
3-16
2
$2
4- 1
3-18
:—$1
Light, 4l/2% pref. (quar.)—
$1V8
4-1
3-1T
Franklin
Quarterly
$12Va
Cemrai
Illinois
central
ill.
Gold
Extra
$7
lien
Specialty
prior
$0
Central
3-20
3-20
3-31
3-21
3-28
3-16
2-28
i13
—
t$l3A
T t$lV2
12Vic
preferred-.:
preferred
lien
3-30
3-30
(quar.)
Co.
Electric
75c
10c
25c
6 7o pref. (quar.)
Central Steel & Wire,
(quar.)
—_
Fibre, common
Chartered Trust & Executor Co. (Toronto)—
Century
Co.
C'xiadaipion r-aper &
Quarterly
4%
Ry.
series A pref.
non-cum.
Chesebrough Mfg. Co.
Extra
;
(Quarterly)
7 %
preferred
(quar.)
Elec.,
Cincinnati Gas
&
5 %
preferred
5%
preferred
Cincinnati
&
preierred
Co.-*-
Ice
Fuel,
&
C
(quar.)___.
City Auto Stamping Co.
City
preferred
J
$4*50
Cliffs
preferred
(quar.)
common
(quar.l..—____—
Molybdenum
Chemical
(quar.)
—
(interim)___
Cluett, Peabody & Co. common
1%
preferred
Coast
(quar.)
Gas
Counties
5%
1st
&
preferred
>.
.
3-10
5y2%
3-10
1
______
Elec.—
Dominion
$4.25
preferred
$6
Ice
3-20
$1.06V*
$1V2
$1%
(quar.)
(quar.)
preferred
(quar.)—_______—____—.
Colt's Patent Fire Arms Mfg.. Co
Columbia
5-15
8-15.
4.
3-18
3-20
3-14.
3-14
4-20
2-26
2-26
3-14
3-14
Ltd.,
Commercial Banking
$L20
'■
V/o
3-10
3-14
3-I3:
2-25
6-
*
4V\clc
$4.25
convertible
5%
Commonwealth
6%
pref.
preferred
(quar.);
com.
$1.06 Ye
t75c
3-13
preferred
(quar.)
4y2%
6%
S.
&
Ry.—
•.".>•'■■/>
Elgin
El
convertible
National
preferred A
7%
El
r
Paso
Electric
preferred
$4.50
Natural
Paso
Gas
Power &
6
:
.
$lVa
4- 1
4- 1
4- 1
preferred
....
'
-
$3
non.-cumulative
$5
preferred A
A
Canada, Ltd.—
class
Erie RR. $5 preferred
Ex-Cell-O
3-
4-15
2
(quar.)
A
A
Exolon
Corp.
/ /
"
a
*" ""
t2VsC
'$lJ/4
(Julius)
Co.,
pref,
preferred
Co.,
(quar.)
-
—
•
65c
"
25c
•
15c
3c
preferred
5-21
8-21
11-28
4-
1
3-IT
4/
1
3-i6
3-16
3-
6
3-16
3-
6
4-
3-14
1:/.
3-31
37 ViC
>3-31
3-14
3-14
3-20
3-
2
3-31
3-
2
l$l3/a /'A
4-
i
3-
2.
tSl'A
4-
1
3-
2
12 Vic
3-16
3- 2,
12 Vie
3-16
3-
2.
2
10c
—
U5c
(quar.)_.
1
______
(qua
•-4
683/4C
.)
(q
-
■
3-16
3-
75C
4-
1
3-16:
40C
:
(quar.)
$3 partic. pref. A
Mfg. Co.,
2
3-26
3-16
<
3-16
3-
3-16
25c
SIVi '.
4-
.
3'
1
3-16
13^4C
5
5
3-20
3-
2;
Co.
1 ViC
(quarterly increased).
Electric
Motors
preferred
General
Outdoor
Common
■
6%
Paint
General
Printing
0
7c
4-
I
5-15
5-
1
5-15
5-
I*
Ink
pref.
Railway
67c
(quar.)_
:
common—^
Signal,
(Irregular)
com. -
£ 25c'i>
4-
Y.)
Aldeu
3-16
*3-
40c
3-16
3* 3
''if? 4- 1
3-14
25c
Globe
Wernicke,
7%
Brewing Co.
Stock
3-19
$lVi-
1
3-19
$iy3
3-31
3-21
t$l'/4
4-15
(Montreal)—*
(quar.)_v
Goodman
Goodrich
(B.. F.)
Tire
convertible
Gorham
Gorden
Mfg.
Oil
Gorton-Pew
Grant
(W.
f
$1.80
prior
West Life
Great
.
7%
'
Western
(Daniel)
Greene
Greening
(B.)
Greyhound
5V2%
.
preferred
1
3-20
3- 9
3-16
4-
1
62 y2c
4-
1
20c
4-15
_
50c
3-31
3-31
Sl'A
3-31
'3-20
3-16
2-16
3-16
2-16
$l'/4
3-31
3-10
■3-31-
!_
50c
4-
20c
3-16
2-28
75c
3-30
3-20
(quar.)__—_
25c
4-
I
35c
4-
1
,
.
.
$
3-
•
2
3-16
3-16-
;
.
90c
(quar.)__:
(Can.)
(quar.)_
5-15
5-
25c
(s-a)
Co.
4-15
3-20
4-
1
3-20
3-14
t$33/4
5
pref.
Ltd.
Co.,
2
3-14
4-
1
3-16
3-
9
3-
115C
4-
1
3-16
25c
(quar.)
(quar.)
common
2
4-
75c
Co.
4-
$1V2
—
(quar.)
50c
$1%
common
Copper
Wire
4-
3-12
3-16-
•
^__
'
.
(quar.)
67o
Corp.
1
;—______
pref.
Co.,
Cananea
V-
1
1
4-
3-30
:
37 Vic
—
!•_
(quar.)
Sugar,
4-
4-
50c
$13/4
(quar.)'
Insurance
preferred
Green
40c
1
SlVa
(quar.)
—
57o
Assur.
3-4
:
(irreg.)——
B
preferred
American
Great
3-14
3-20
3-20
-4-
i
pref.
Common ,(quar.)
Graton & Knight Co.—
Great
1
56 V4C
—
Co.,
1
1
4-
30c
(quar.)
preferred
Fisheries
4-
7:5-
50c
—
Rubber,, common
class
T.)
50C
(quar.)_
Co.
Co.,
3-14
5c
Co.
Co.(.. $5
&
3-.14
1
$l'/4
$2.5Q conv. pfd. (quar.)
Ltd.
1
4-
—
(quar.).
Manufacturing Co.
Gqodyear
$5
Co.,
4-
$1 VA
(interim)——2_
(quar.)——:
pref.
Goldblatt Bros., Inc.,
State
(quar.)
Y.)
3-31
$lVi
(quar.)_
Telegraph
0
1
>
convertible preferred
&
3-
9
4-
—-
common
3-16
3-105
4-
__-l—
(irregulari
i;
25c
.(irreg.)_
(quar.)_
Company
4xk7o
'
3-10
50c
—__
Co.—
Glens Falls Insurance Co.: (N.
Glidden
3-10*
'•
1
(quar.)
common
preference
Coal
13-17
3-30
Georgia Power Co., $6 preferred (quar.)—
$5 preferred
(quar.)
;
Gibson Art Company (quar.)
Gillette Safety Razor Co., $5 pref. (quar.)__
Glen
3-17.
1
(quar,)_——.
(quar.)_
Co.
3-20
:
1
>4-
$lVa
Equipment Corp.
Non-cumulativc
1
62V2c
(N.
General Trust Co. of Canada
Trust
6
35c
(quar.)______
preferred
Girard
3-20.
-
1
(irregular;
Instrument
preferred
i
(quar.)
Theatres
>4- .1
4-
—
Telephone Corp., com.
General .Time
4-
15c
$lVi^
(quar.)
preferred
.
$lVa
1 quar.)
General
f
4-
4-15
;•'■/■■ »I
Reinsurance
67o
3-10*
1
■
Refractories
$6
1
5-
tlKYi
10c
Corp.,. $2.67
preferred
$2.50
>4-
3-20
:
Advertising—
General
General
$ 13 4
1
—
(guar.)
$6; preferred
1.
1
4-
(resumed)
preferred
9
9XVe
(quar.)__
'i $4 participating class A_
-,
4-
:
,
(quar.)
'
i
"•
4-15
4-
-j:
pref.
Corp.—
3-15.
25C
(irreg;
(quar.)—
Mill6, Inc., 5%
2-
4-25
5C/;i
General
V $5
3-10
3-16
35 c - >
—————
Fireproofing Co.,"com.
preferred
1
4-
,
25c
(quar.)_T—-
com.
Co.
4-
1
3-20
4-
1
133/4C
(quar.)
2
*-20
r
Group No. 1 Oil Corp
Gruen Watch Co.
$50
au
12 V2
____.
(quar.).
common
31 Vic
c
3-31
3-10
T
4-1
3-16
'
5%. preferred
|
Oil
Corp.
-•
(quar.)
3-17
3- 3
2-26
3-18
Gulf Insurance Co.
;
[Dallas;
Texas)
Additional
Gulf Power Co.. $6 pref. (quar.)
Gulf States Utilities. $6 preferred
$5.50
preferred
(quar..)_Jt
4-
1
3-16
4-
1
3-11
4-
1
4-
1
3---6
25 c
a
(quar.)
$3
4-
1
1-10
25c
(quar.)
Guaranty Trust Co.
Gulf
25c
25c
3.-13
3- 5
.3-26
4- 11
3-20
3-20
17 v2 c
(quar.)'_.
Goebel
3-16
J 3-16 T
.
1
$1 Vi
3-31
*
4-
3-25
■//
^ $1 Va
(quar.)
common
A
Gold
4-1
20c
-
!
Co.
4- 3
$2J/2
25c 7*
3-18
51
common—
3-31
2-28
-
1
30c
:
Cigar Co.,
(
f'
6- 1
9- 1
12-^1
3-18
4-
$l3/4
(quar.
(irregular):
B
3- 7
3-16
*
'
(qi
3-
1
$1
)
(quar.).
com.
3-10
4-
:
15c
&
1
3-16
$1
(quar.)___.
pref.
f 3-16
50c
-
—
preferred—.
conv
1
4-
15c
—
3-31
4-
25c
4-l-« -v 3-20
—!
-->.••
—$tJ4"
(s-a)__J—
Falconbridgo Nickel Mines,-Ltd. (interim)
Brewing Co., 6% pref. (s-a)
Falstaff
"
T
(quar.):
(quar.V—
'
(quar.)
(quar.)
■
25c
tquar.)__
General
,
Eversharp Co., 5% preferred
Ewa Plantation Co.
5- 1
4-18 k
preferred (quar.)__
Golden
,
3-14
,
$l7/8
125C
■)
t35c
European & North American Ry.
3-16
30c
•
3-16
conv.
6%
Class
^
■
4-
3-31
Co.
Class
>>
'75c
3-16
3-14
(irregular)
preferred iquar.)„__.
Power
5j/2%
...
—
:—
Co.,
Extra
■
pref—-TJ:-'.•■,-«.t30c->»>.4^1''?/yA;3--v8
:
Battery
1
1
57o
preferred (quar.)—
Gaylord Container Corp., common
:
.
_r"'
Co
Mfg.
Light Corp., $6
3-14
3-14
&
Corp.
5V2 7o
4-'. 1 ^ V 3-13
———60c /^.S-Sl - ' ' 3-16
;
-75c • •.;4y_l>?v 3-20
—
4-
25C
—'
common
General Tire & Rubber
•
8-20
3-30
preferred
convertible
Gemmer
-
90c
$lJ/8
$1
8%
'./^l3^'^ 4-15 > 3-31.
—_
—
&
4-15
1
t$l%
__
■
Co.,
Gatineau
3-14
English Electric Co. of
2
3-
7%
convertible
Garrett
3-11
3-1I
3- 9
3-10
3.
4%
Co.,
General
3-27.
9-25
A.i
(Robert)
$6
3-2
3-23 -
;•>
fSl'/a4
.
;1
(quar.)
Controller
Electric
______
(Texas)—
Co.
Auto-Lite'
Electric
(quar.)___
2
3-
9-
.
4-18
preferred
Ganhett Co. class B
>
25c
Co
6% pref.
(quar.)__
;
(Del.)
2
3-23
$2%
.
(irregular)—
Galveston-Houston
v
(quar.)___
Watch
Electric
Paso
preferred
5..
3-
t25c
pref.
conv.
tirregular)—
Kentucky Nat. Gas
Brush
Gair
^
t
50c
4-1
3-20
Eastman Kodak Co., common fquar.$1V2 ,
4-1
3- 5
>. 6% prefeitred (quar.)_______
$iy2 v ; 4- 1*-- 3- 5
Easy Washing Machine, Ltd.—
> ''
'^'•■0
7% preferred (accum.l.a
—1.—jn^sc
"■ 4-1- 3-16
Eaton & Howard (Balanced Fund)
(quar;)^ " : "-20c ,T:
3-25 V
3-16.
Stock Fund' (quar.)
———; >->10c k- * 3-25
•
3-16 /
Economic Investment Trust, Ltd. (irreg.I—_-v.
l$l3/a *_>4-p,1,
,
3-20
Ecuadorian Corp., Ltd
—;—ZJuTZ*'**
3c ^ 3-3.1-'-''3-19
Eddy Paper Corp.
r.
-1-37VSc
3-31"
3-14
Egry Register 5Va% preferred (quar.)—$1%
3-20/
3-10
$2
3-
3-23
:'
(quar.)
$7
Steel
(Canada)
Process
(Geo.
General
3-16
3-16
50c
*
-10c
"'I.5
.:■■■*
.
;
3-14
Brewing (quar.)
County Distilling Co., Inc.—
Fuller
3-14.
•.
8-20
11-20
t25c
convertible
General
2-6
3-20
6-25
12-24
Power
:
(quar.)—.
Street
preferred
S. Lines,"Inc.—
$5 preferred
Quarterly
•
1
12-1
3-31
General Finance Corp.
4- 1
4
—
Consolidated Ln,"ndries Corp.—
—,
9-
35c
.
t25c
General
5- 1
„
(quar.)
—
1
4VZ% preferred B> (quar.)
4%
preferred C
(quar.)
Consolidated Investment Trust (Boston)
preferred
1st
(quar.)
—
$5c 1.. 3-31
.-V^-■■'.•.;>>>
SlVa,'. .-.>,4r^l
t75c :i-% 4-; 1 >;
4
5-20.
1,.
i7y2c
—
Corp.,
Co.
General Box
t25c
25c
J4c
of N. Y., Inc., com.
Light
preferred
Massachusetts
Eastern
—.
Fuel'Associates—
&
prior
preferred
$iy2 -' '' 4- 1
?
6-
17 Vic
(quar.)
Fuller
4-17
-;:;-
3-
4- '3
•>
•
Canada, Ltd.—
General
3-?5
4
3-25
3-31
6-30
9-30
12-31
3-16
t$l «/a
(quar).—
Common
$7»/a
67o
<"
',"10cT-v 4- I
3- 4.
3
*
4- 1
3-16
3-
-$$1%
t $ 1 ¥2
Securities—
$0.60
77o
.
3-21
4-
17 V2C
:
$1VT
-
—
Electric
5-.1
>
3-31
3: 3- 9
(Peter)
Franklin
*■;.
■'"
15c i
■
1
1
3-31
Vk7o
' "
75c
40c
3-16
t$l,/a
(quar.)__,
—
Industries, $2 preferred—
Gas,
(Bait.)
>
44-
:• $1%
dividend)-.
(stock
of
Pressed
Franklin
-
Gas
Eastern
■
Co.
'v»v ■ ■. ;/:■
i.__
3-16
3-21
2 V2 7a
Extra
Fox
^
3-16'
3-13
3-
62Vfec
Consolidated Film
Consolidated
;■
,
f-
5
1
1
dividend).
___—
Co.
Garfinckel
4- 1
3-16
—
_—.——_______
Consolidated Edison Co.
.;>75c
Co.
Foundation
4-15
3- 5
4-15 :3t16
4- I
3-31
' 4- 1 2-28
>$3
-
>
1
3-
44-
;
Fostoria
- <
-
3-16
shares—
(stock
(quar.)
Wheeler
Foster
—,T__;— .>4$1%
5- 1
t$iyt Y 4-1
(s-a)
'
*
benef.
series
B
Gamewell
75c
(Toronto)
:
Coke
•East;
$7
25c
—.—____
&
r.
2-28.
37V2c
4- 1
3- 6
Electric Storage
Co. (quar.)—l-l-T ' ' V50c 1 '/• 3-31
3-10
Elmira & Williamsport RR. (s-a)-l-—---I-:
; $l.-l-4
■ ; . 5-*l'
4-20
Empire Power Corp., $6 preferred (quar.)__
:.v $l'/2 ' 13.-20
3- 5
Empire Star Mines Co., Ltd. (irregular)$2
3-16
2-28
Emplovers Casualty Co. (Dallas, Tex.) (quar.)
30c - ^ 5-1
4-25
Quarterly
'30c
8-: 1 ^
7-25
Quarterly
—-———
;—T ' ... 30c
11- 2
10-24
Emporium Capwell Corp., 7% pref. (s-a)_u_
j f $3v2 '
4-.3
3-24
4(4% preferred, series A (quar.)
56Y4C
4-'3v
3-24
Common
(ouarl -1
—;
A__l • '35c
4-3
3-24
Engineers Public Service $5 pref. (quar.)
$l'/4'
4- 1
3-25
$5.50
preferred (quar.) J
$l3/s - v'4-'-'1
3-25
$6-preferred (quar.)——
•
$1%' r" ,4-: 1
3-25
(quar.)
(quar.)__
—
Gas
4- 1
*
(quar.)_T_-
com.
Picher Lead Co. common
preferred (quar.)
Malartic Mines, Ltd.. (irregular)
Electric
——
preferred
3-15
1
4-
$3
;
(quar.)
:__i——
Connecticut Light & Power Co.—
$5
3-10*
Utilities Corp.—
Assurance
Eagle
>
%'fe
3>-10
3-10*
<*,
-
Inc.,
Gereral
El
preferred
preferred
Common
3-20
3-10
3-31
$11/4
$6
Southern,
Quarterly
:
Quarterly
—
Congoieum-Nairn,
Inc.
Coniaurum Mines, Ltd.
$3
4- 1
4- 1
3-31
3-31
4- 1
4- 1
3-20
75c
(quar.)
&
convertible
Conneciicut
3-31
$1.06!/4
(quar.)
Trust,
preferred (quar.)__
Co. (Ind.)—
Confederation Life
Quarterly
Quarterly
2-27'
4-15
35c
75c
(quar.)
Compo Shoe Machinery, com. v. t. c.
$2.50
3-16
30c
(final)—
B
5c
Loan
preferred
Commonwealth
3-20
3-20
110c
(quar.)
;—
Co., common
Investment
Commonwealth
3-13
3-31
4- 1
4- 1
3-31
(quar.)
(quar.)
convertible
Commercial
-
3-12
'
pref.
-
3-20
Corp.—
preferred
prior
preferred
Commercial Credit
8%
Ltd.
'
-
3-14
3-15
60C
)
15c ■8-rl «.---'7-21
; Quarterly
;
15c. • 1F-.-1' rJlO-20
Quarterly
—"• 15c '■ 12^27- - 12-17
Driver-Harris. Co., common
>-60c...3-25 -"3-14 :
:
7%; preferred (quar.)---—is
$l%z^-4- i>;> 3-21'
Duke Power Co., connnon_i.——i—
>(7.5c^ 4- l :i, T. 3-1 i
77b preferred (quar.)
v'>$L34 v •- 4-1 '
3-14
Dun-& Bradstreet, $6 preferred (quar.MiTs.$Ly2 « > 4- I
3-20 ,
Puplan Corp., 8% preferred (quar.)
—>■ '■•' S2,.-f K4-r 1'■ 3-13$4.50 preferred (quar.) i
$IMi a. 4-25 > 4-10-r
Duquesne Light Co.,-5% preferred (quar.)—
$1^4 ^ ;,4-15
3-16
3-21.
61V2
(initial)
Products
Aircraft
Commercial Alcohols,
Co.,
- *
1
2c
(quar.)
A
Class
6-2012-19
1
4-
.
2-21,
F.)
(S.
Co.
preferred (quar.j
preferred (quar.)__
Machinery Corp. (quar.)______
Class
,
J40c
--125c
(quar.)__T
Quarterly
;
Ltd.—
(quar.)__
Textile
Corp, (quar.)
Dravo Corp.—
3-16.
3-16
J 6-18
31V4C
—_—_____
t25c
preferred B
pref.
preferred
V 77t
Eastern
Cockshutt Plow Co., Ltd—
$7
Chemical-Co.,
&
Dover& .Rockaway RR.
4- 1
3-31
3-31
5- 1
4-'1
<
2-21
vs$2
quar )
Ford Motor
3- 2
_'_'_t-'->4«''50c:,t;;'^.3r28 *
(interim)
Draper
Colgate-Pahnolive-Peet Co.—
Colonial
Tar
2-23
'
(quar.)
62'V^c
^
(reduced;
Ltd.
6-16
3-16
3-18
4- 1
4- 1
3-20
3-31
3-25
3-25
4- 1
20c
30c
75c
' 75c
$1%
./
Co.
-
2-21
3-31
6%c
Fund,
stock series
Foote-Burt
■?'
-•
50c ; > 8-15
.l 25c ' / 3-21
3-31
'
5C
-
(quar.
Inc
Indemnity
preferred
"i 77i>
,7%
5- 8
8- 5
f 3-10
' -;2-28
F;; i2-28 ij
>-'2-284-15
3-10-»
5-15
-
Fund
Frankfort
-
(irreg;);_l
(-quar.)
A
3-16
4-1
4- 1
75c
$1 lk
62'/2c
$lVa
(irreguiar)—_—
Coip.
Climax
Clorox
class
Co.,
Mines,
Dominion
3-17
3-
;■'/ 7%
4-1
7-1
10- 1
12-233-2
3-18
4- 4
/
^'.v ;■ 1
^^
-
-
-
80c
Chemical common
7-15
75c
15c
30c
$1
(quar.)
Illuminating,
•
2-21
Fitzsimmons Stores—
»
3- 23-10
3-20
;-7- 6
•
3-31
(quar.)
Pennsylvania
Industrial
stock
Ins.
""
3-17-
•
$2s 1-5-43':
.
•
,
common
Electric
Cleveland
•"--$2
•
•
of
Fund,
Bank
* 4-20 ; 3-31
Dominion Foundries & Steel, Ltd. (quar.)—
4-V1 V-3-20
Dominion Glass Co., Ltd.y common-'-(quar;)'-^'.I;'/>/2-16( ';
V; 7% preferred (quar.)__.=_—i
—__C'J$l3/44- -1
3-16Dome
3-10
1
_______
(Chic.)
(s-a)
__—
Doehler Die Casting Co.
,
3-20
4-15
Fiscal
-
3-163-16
3-7
3-17
3-16
25c
(quar.)___-uj_-_-______-_v^ ;'•
2-21
15c
$2
3-16
3-15
>
.
Michigan • Stove Cc.
Dixie-Vortex
3-20
9- 1
3-16
4- 1
_____
(quar.)
& Trust Co.
City NatT Bank
1
Clark Equipment Co., common
5 '/tr
3-21
3-16
3-20
$1'/*
;
1
•
3-20
$1 y».
—
(irreg.)—; 4 / ~ 20c
Bell Tel. Co, (quar.)
y $1.13
Sub,
10c
'
3-31
62 Vic
3-16
^>-25c^ • 8-15
Class
B
(irregular)
__zT '
25c 7~y 3-15
Distillers Corp.-Seagrams, com.
(quar.)Ji"_T
$55V2c ' ; -3>16
5% pref. (quar.)
(payable in U. S. funds"• $IVe:!• 5- 1
3-14
3-31
3-20
3-20
3-20
Ry.
Wholesale Supply
;
Quarterly
(quar.)__T
Street
b'k
(quar.)—
(quar.)
Cincinnati
Citizens
pref.
57o
.
tquar.)___
,
4- 1
4-1
3-21
' 3-31
3-31
;
(quar.)
Dewey & Almy
Orleans tii Texas Pacific Ry. Co. y
Chin., wew
87Vic
$1
25c
15c
>
5%
3-27
4- 1
4- 1
25c
$22
$1%
$1V*
—;
(reduced)
common
4-
4-15
3-31
5c
,
3- 6
•
3-31
$1V2
4-25
15c
i
'
3-14
3-31
115c
•
Harvester
$1.183/4
5
30C
3-7
3-16
T
4-15
$iy3
3-13.^
3-6
4-1
3-16
3-25
(quar.)
preferred (quar.)
preferred quar.)
;
Detroit Steel Corp. (irreg.)
6
3- 6
3-31
4- 1
3-31
3-31
4- 1
4-1
25c
—
_
Securities Co.,
Christiana
50c
5%
6*
3- 6
'
>;
35c.
J25c
(S-a)
preferred
Co.
(increased
3- 2
"
■
3-30
31V4C
Manufacturing,—
Semi-annual
3-14
4- 1
50c
■:
'
■
3-
3-20
4-25
>
Financial
3- 6'
7-22
"•
3-16 ''
'•
3-20
25c
3- 6
3-16
$1 /
75c
(quar.)
Detroit Hillsdale & South Western RR.
2-28
3-31
$lVi
(quar.)
Co.
-
Electric
Detroit
3-21
3-
$4
$1
30u
59c
$3 convertible preferred
(quar.)
75c
$2.50 convertible prior preierred (quae.) 4 >.(62 Vic
Chicago Jbtaiiway Equipment, $7 pref. (quar.)
433/4C
-.Chicago Towel Co., common (reduced)
#1
$7
preferred
(quar.;
—_
$l-3/4
Quarterly
—_—
$1
Oil
3-10
3-
5'/4%
'v'V'
/
3-15
3-31
Extra
Finance
2:
3-20
25c
Class B common; (quar.)ii^__^A_!__——a.
>
3-
4-1
75 c
(quar.)_____-—
Extra
-
*
50c
-■
Corp.
;
:
3-14
:
3-20 '
10c
(irregular)-™-—J__—
preferred
Enamel
ro
'
3-20
3-31
■
$1
3-20
.
8- 3
>
$l'/8
•
•
■
,
,
3-16
$1
Corporation, 67o pref. (quar.)
Chicago Dock & Canal Co. (extra)
OiucttgO Flexible Shaft
(reduced)
Cnicago Mill & Lumber Co. (irreg.)_
Chicago Pneumatic Tool Co., common...,—
Cotton
2-28
$1
(quar.)——
—1
Chicago
Chiekasha
3-14
4-1
4- 1
$1
75c
(quar.j__
(quar.)
common
$3'/2
''
1
•''4- t
3-16
-
$3
1
(
; "■
1
' t$l%
—-
Detroit
——.—
Ohio
&
Chesapeake
11 '
1
10c
preferred
6%
Co.,
Inc.
25c
Cleaning & Dyeing Co.—
Fidelity Trust Co.: (Bait.)
3-17*
3-18
T 3-20
—
West Utilities Co.—
South
prior
14c
3-14
■;—
.—
Central &
i. $1%
.
.
•' 1-Oc
8-16
i-^..—-20c
3-20
De Long Hook & Eye
<quar.)__
$l-y2
4- 1
Dentists' Supply Co.- of N. Y.
•
" 1 '
7% preferred (quar.)
!_
$1% • - 4-1
_<
$1%
7-1
(Quarterly)
■. (Quarterly)
; •?
$1% • 10-' 1 ■'
(Quarterly)'
•—
$l34-.> 12-23
Deposited Bank Shares IN. Y.) series A___
'lc
4-1
Derby Oil & Refining Corp, $4 conv. pref.__
t$2
3-28
Detroit Gasket & Mfg. (quar.)
- ^ 25c
: 4-20
2-20
3-16
(quar.)_„
Ltd.
Mines,
3-31
4- 1
•
& Michigan RR. common
preferred (quar.)_
Extra
■
Delta
2-20
t$l Vi
7%
Fei
3-248-13'
Dejay Stores,' Inc.
3-20
4-1
3-16
t$l%
_____
racricia
Central
8r!o
—
$6 preferred,.
Public service Co.,
preferred
(N. Y.)
3-31
$2
5 V conv. pref. (quar.)
class A (quar.)
i;
Ltd.,
Frere,
&
Dayton Rubber
Decca Records,
(irregular y
Process
$iy4
3-ia
4-1
15c
(irregular)
(irregular)________
Shops
United
Fireman's
(s-a)
Dayton
cleared with the above
payments.
Central Hanover Bank & Trust Co.
6%
—-
Fenton
4-15
:
9-15
25 c" •~-"4-T
Mining & Smelting Co.__ir„__t
Federal Motor Truck_^__'_^______
1
—
Daniels & Fisher Stores Co.
2
3-
now
-"25c
(quar.)
Extra
•
>
6-15/
12-15
'
Federal
Food
Davidson-Boutell
(accumulated)
preferred
Inc.
Cutler-Hammer,
Davega Stores Corp.,
<_
'
3-30
4-1
5%
David
3-16
dividends
Ail arrears are
J
6
Payable in common stock, at the rate of
lull share of common for each $10
such
Zellerbach: Corp.
4-27
$$1
(quar.)
»
:
>>
•
3-
12-18
'
3- 9*
2-27#
-
-,' /5c
Co. .(Montreal)
Cuneo Press, Inc.^ 4'/2% preferred (quar.)
Curtiss-Wright Corp.—
:..
"*
$2 non-cumulative class A (irregular)
Curtis Publishing Co., prior preferred (quar.)
3-17
-one
Central
(quar.)
Culver & Port Clinton RR. Co.
3-17
dividend
$5 pref. (stock
•
3-17
Bake
Federal
:
3-14/-
3-25
3-16
(irreg.). '--25c /
■" 56y4C-
com.
.
75c
(quar.)
ipiO per snare)—
two
Ltd.,
convertible preferred (quar.)
._:
& Forster, 8% preferred (year-end)
Cuban Amer. Sugar, 5V2% conv. pref. (quar.)
7% preferred (both dividends cover quarter ending March 31, 1942)
Cudahy Packing Co., 6% preferred_____'_^_
7 7e
preferred
3-25.
4- 1
50c
$ll/4
$l3/4
$1%
\yy
$$2
40c
—
Eiectric
4- 1
-y
i
(yuar.)—
Loan
Central foundry Co.,
$5
Co.,
Crum
3-19
$ 1 'A
____
'
-
3- 2
(quar.)50c 5^ 3-24
Crucible Steel Co. of America—
5c
—
Trust
Crown
,
4
$1%
(increased)——
pref. (quar.)
second preierred
of
preferred
$2,25
>
of America, common
Corp.
3-
4- 1
Quurterly
!
Crown
-
(pay. in U. S. funds)
$1V4
Co.
(quar.)—-—$2
(quar.)
Central Cold Storage Co.
V
Crowell-Collier Publishing Co.
Seal
(quar.)
9-30
Filene's (Wm.) Sons Co., common <quar.)_
4%% preferred <quar.)_—i.
(irreg.)T^i^j^Uw«^.-^^;-$l^^-8*3^^:3-16-H /•Finance Co, of Amer., class A qom. (quar.)i
(quar.)
3-16
1
6-30
$ 1 V4
Fedders Mfg. Co.
3-12
*,.
3-14
3-31
$lJ/4
$5 preferred '(auar,)'
Faultless' Rubber Co.__i___*_l___
'. * 25c r"A-";4-:-l "*
3-16
' $1% " f'4- 1 V ' 3-16-';
:y
:: 5'$1%;4- 1
3-14
$1%
4- 1
1 3-14-
;
Coronet Phosphate Co.
&
4«" 2
10c
of Reo.
1
4-
$ 1V4
(quar.)
Holders
Payable
(quar.)
$5 preferred
>
v
3-14.
Crown
77o
6%
(it regular)
common
3-20
3-14
-
-/3-31-; * • 3-16'v^
4-^1.' .'■ 3-13-rv
^ 371*6V.^ '2-25•
.
•".*25c .-".L' 3-30
participating preferred
6'/a % preferred (quar.)
Cork
".-lUz v
Crown Drug Co.
7%
central
Corp,
7'Jo
3-16
6-28'
prior preierred
Central
i
(quar.)
3-19
Co.—
Tel.
ceianese
preferred
4- 1
Casq (J. I.) Co., l'/o
•••
Steel
7%
■
T-';20c
,
(Del.)
Continental Telephone Co.—
3-20
___
3-20
When ;
share
;
3 7 Vic
preferred
$5
'
,
(quar.j
Shops
Metallurgical,
$5 preferred
;
-
Candy
Farmer
Fansteel
6-15.
1
Name of Company
,
Fanny
*•-
9-15
.
50c
Corp._
Co.
y. 25c
Carriers & General Corp.
•
Continental
6
Motors
3-18
1st pref.
Carolina
Oil
3-31.
$3 /',f 7- 1
Capital Transit (irregular)w_-—4I
.—-a.
30c
4- 1
Cariboo Gold Quartz Mining (quar.).—..c ;■£y.- 14c
4- 1
57a
Continental
3-20
3-31
3-31
$1
$1V2
——
(Irregular)—
Capital Finance Corp., 67o pref. (s-a)
Carnation
Continental
3-31
4- *
v
;•; 7- 'If-..!10i: l
V -50c
".
(quar.):__
(interim)
-
.
150c
(irregular)
common
Co.
Continental' Can
.
-■<
Ltd.—
Boxes,
Products
City
(Chicago) (quar.)
IN. Y.)
Co.——~.1—50c
Mills
Capital
?
Co.
Co.
& Tr.
3-31.
3-
' $2 "
iiTT' V t48%c4-! 1
$1.75 pref
Continental Bk.
3-14
4-15
3-26
4-1
4- 1
(accum.) ______
preferred
Cannon
8%
Ltd.
$2
:
(quar.)
•" 3-16
-V...,
-
.Consumers Power Co., $4y2 pref. Cghar.!-^.".^,$1-'/a.-sv/4-?I 3-13
$5 preferred (quar;)i;~T™"_~II_______.lT
$1?4^. vj-4-. 1". *_ -3-13
3-15
4-30'
1$!^
12c
t$2
150c
(quar.)
Canadian
o%
2
7 $2 7-^4«
(quar.)
Continental Assurance
t$l_Va
(quar.) ___.
Gold Mines,
Malartic
Canadian
v^ntield
3-
pref.
(quar.)
Consolidated Steel, Ltd.,
2
.3-2"..
1
4- 1*
4- 1
4-30
t$2
tS2
f$lV2
<•
.
(quar,),';'.
Ltd.
Co.,
class A
.
.
(quar.)
preferred
Canadian
_
: 4-
8%
3-
4-», L.
preferred
preferred
S7o:
3-28.
Foreign Investment Corp., Ltd.—
preferred
7%
.
_^==is.-=s=!s^—
preferred
Class
(quar.)
__
Canadian
87o
Ltd.
Co.,
3-20
4-10
4-30
4- 1
$44c
t50c
'{>1$1
(accum.)
Consolidated Retail Stores 8%
-\ '
,
share...
„
Per
Holders
of Rec.
PerWhen
Payable
■
..
Name of Company
Monday, March 16, 1942
•V.
7-
1
1-10
4-
1
$1 va
(quar.)__
______
3-16
3-°0
St 1 v0
3-16
O-07
$1%
3-16
2-27
f
Volume'155
Nurnber4055*•;
"
;U',
V'y
'y7 7 7
y.#''per--"'y; -When---'1
■
-Name of Company
i, Hackensacjc.^".Water,;;77k. pref,;tA
"
'
riAmnoMW
Haloid
j'$2 Preferred
Hamilton
•
''•
ki'» vVkvt
Hamilton
4-
Watch
Co.
3-17
3r
1
7 4-1
1.
•?
>
.
>
« 4 ISHA
(irregular)
V4"
<
Paper-Co.— 777'tLv
4 V2 f/o.', preferred (quar.)_y____7_i_L___..
6
Harshaw
Chemical
(quar.)
v-Harcford-Connecticut
.
:
„
Trpst .Co.
•
1
'
»"
7*
-4-
4-
"
;
jl_.:.r
,
<
tS.,
»
„%■ - ':7
50c
&'$.
-
'
•f Hein-Werner Motor Parts Corp.—
v<
2-28
:)r—^
)p/,»
Co., common (reduced)4:i_
(quar.)__*^_2______._i_;___Hercalfes Powder Co.-
j y,
Hewitt
Lane-Wells
-
-
•
41V2
Hickok
■
National
Oil1 Corp.;
Class
7 %.
Bank
class
prior preferred
5 'h
(New
Orleans)i___
preferred
A
(quar.)__.;__i^V-f-^-: V
(quar.)
preferred
.n
.
3-21
r
•
-
4
3-21
-
A- (quar.) v.v
,
-
3_
.
a
5
$2.10
Inc.,
"
preferred
ls-a)____
1
1
4-
1
: 3-13
3-16
43^2
$1L
420C
4-1
25C
3-16
-4
Co-:(Ontario)—LL
7
.Hooker Electrochemical Co.-—
-
.
-
.
25c
3-13
v.
.
-
3-25
;
Ball & Bearing Co.
(irregular) DE-
e.
50c
Hoskins
Manufacturing Co.
Houdaille-Herehey Corp.V class A4quar.)_4_'_
<
Class
B
20c
>•4-
25C
r_t'.
:
1
.
25c
;v;.,
IVo
•
first
7%
.
6%. preferred
preferred
8-15
>
(Harvey)
Humble
Huron
Oil
&
&
>
(quar»f._iiJ_r____t._c_
-•
Cement
Illinois
Co.
•:
Wise.),
Telephone
preferred (quar.)
$6
8-
•
•
11-
imperial
'
b-
Life
Assurance
Co.
12-
3-31
A
1 17MjC
$2
-
3-31
4-
Little
4-
1
4 3-14
3-17
2-24
%
7-
f$3%'
2
1
t$3%
6- 2
-
9-, 2
_
i s: 3-31
3-25
4-
:
1
-
;
'
3-13
V
3-31
50c
3-28
5V<Vo
preferred
(quar.)
40c
Indianapolis Water, Co.—
5%
preferred
A
(quar.)
$iy*
National Bank-(Chicago),
preferred (quar.)
414
Common;' iLu
50c
com.__
Inter-Ocean
•
-
4%
(s-a);-___ii™uJ^^«L)-EL"
Mach:
Business
Corp.
International Cigar Machinery Co._
Harvester,
International
Nickel
preferred
7'A
7VY
:
U.
7r/a
Co.
of
Canada,
($5
(quar.)
par)
Ocean
Telegrabh
Co.,
International Silver
7 'A
8%c
45C
$l3/4 '1
Jamaica
Public
.
1
pref.
Service;. Ltd.
com;
■
preferred series D
preferred series
7%
preferred
B
series
$5
preferred
Jamieson
IC.
Central
Je'-^ey
&
5VV%
Co.
1%
Corp.,
Jcm^s
&
Sten'-«os
LaogbUn
t$175
■4
Mfg.
Kalemazoo
Kansas
Sfi
fe
Ve^ef"ble
Ctv
fewer
preferred
Kensas
B
Elec4'c
Katz Drug
h
$1V2
______
y
1
$1%
,
12-
1.
5-
11-10
V
—
3-21
"
3-14
i
1
4-
1
-$i
3-21
3-20
'
3-20
7
1
3-14
Co.
(Mass.)
4-1
3-18
♦
4-
1
3-18
7
10c
3-20
3-10
'
20c
4-
1
3-20
4-
1
3-20
4-
1
$1%
(quar.)
^
■
;--;$l% :
3-20
'
-77 hiJtyJf&d'M •73-26 7- 'A;3-1$'A;#
$iy4
ts-at
(quar.)
433/4
;__g_
$3.50
pref.- (quar.)_w7
Co.—•
-
■*
-
3-16
A
3-
4-
1
3-14
4--
ly
3-
7
7"
6-
______
..
3-20
3-31
$2»/4
$2 v*
1
5-
9
'
2
25c
iKy.l,
-
(New
Haven)
Finance, $5 pref.
(quar.)
(J. P.)
$iy»
1—.11;
;
3iy4c;
":"1 25C
—
$1%
4-
1
3-14
4-
1
3-14
•
k
.2-28
1
4-
c
$2
3-31
3-21
K
3-16
3-
7
3-30
3-14
•'
3-16
2-28
i
3-30
3-20
$iy2
'77: 50c
!■;
,;7-7'
v
$2
7
2
■r
3-16
3-
$1
:';77
■;
4-
1.7
3-21
4-
1
3-21
7-
1
6-20
7-
1
6-20
4-
1
3-21
3-20
2-28
•
3-19
7
$1
25c
Chemical Co.
preferred
30c
<f
25C
2
7
i
,
of America—
(quar.)
$iy2
;
3-28
$iy2
6-27
6-18"
$iy2
9-28
9-17
$iy2
;
Quarterly
Myers (F. E.)
'
.
&
Brothers
(irregular)
12-28
12-17
Biscuit
National
National
Breweries', Ltd.,
1
'
1%
8-20
preferred
Co., common
Bank of- Chicago
11-20
1
11-20
'
■v
National
National
Container
3-24
4-
1
3-11
L
4-
1
3-11
7
3-30
2-27
7
25C
common
(quar.)
A, (quar.)
4-15
3-31
3-16
2-28
50c
2-28
National
3-31
National Dairy Products Corp.
National Elec. Welding Machines Co.
5-
1
5-
1
4-18
3-16
2-20
20c ;
3-23
3-
'
9
3-
7
20c
4-
1
(quar.)
2c
5-
1
2c
8-
1
7-22
10-30
7
4-21
___:—_
Quarterly _L
t
4-18
75c
25c
(quar.)_-__
(irregular)___
Corp.
3-31
;
7
1
25c
Cylinder Gas Co.
City-Lines, Inc.,
$3 convertible preferred
3-31
2-18
3-17
4-
50C
Co.
>
Class
1
4-15
150c
;
National
3-2*
4-
7
2
Foundry Co.—
I
72-28
3-21
1
$1
(quar.j__
common
Irregular.
National Cash Register
3-16
3-16
4-
3-16
144c
Alum.
&
3-
55c
iquar.)
(quar.)
Bronze
3-20
3-27
$iy4
7
3-27
12V£gC
_
3-31
40c
Boulevard
50c
25c
______
Nachman-Springfilled Corp.
Nash Kelvinator Corp.___y____._____-___
Nashua Mfg. Co., 1st pref. (quar.
National Battery Co.—
; ■ ,$2.20 convertible preferred <quar.)__
National
8-20
4-28
-
>
■
10-20
7
'
3-
4-:i
5
3-21
^
.
3-16
: .= 4-
3-16
3-31'
1 3-16
3-16
•3-
4-
1
4-
1-.
4-
1
3-20
2
3-24
3-10
_•
(Li
&
Quarterly
__
..
.
National Folding Box_„___________
>
2c
50c
4-
1
3-24
137 y2c
4-
1
7
3-16
3-10
3-1?
1
3-20
4-
6
3-
6
4-
1
3-
6
4-
'
::
3-I6
50c
-
2-28
; 4- 6
17c:
7
25c
7 3-30
'3-30
s_3^20
3-16
2-28
4-
r
50c
$1V2
6
-
5-15
8-15
$1V2
'■■I'd'' $1
11-14
3-31
3-20
:15C
3-15
Natomas
1
;
4-
1
4-
1
3-20
':50c
50c
—__
3-14
:
4-15
3-31
•
'4-
Mapes Consolidated Mfg. Co. (quar.)_lli—
Margay Oil Corp. (quar.)—i_—_—
25c 1
4-10
3-25
Marine Midland
30c
3-20
3-13
$$11A
3-31
3-15
Trust
(N.
Co.
Y.)
Marven's,
LtdJ-6%#:preferred
Maryland
50c
(quar.)_j
Fund,- Incl (irregular)
(quar.) 11^.111'
6C
Marshall
Field & Co.; 6%
pref. (quar.i___l:
6%'-second'preferred (quar.)___—a——L
Mdssachusetts'' Investors,2nd Fund, Inc.—
Corn."
Alkali
com.
6%
prefer-ed
3-
fi
^'cCrorv
3-
2
"McGraw-Hill
3-
2
Oil
3-20
3- 5
•
3-16
3-2
10C
37V«c
(quar.)_^
3-31
3-
9
3-31
3-
9
4-
$l3/4
3-16
'
75 c
433Ac
413/,
4
5-30
5-29
c
8-31
8-29
433/4c
11-30
11-28
4-15
3-31
Co.," Ltd.—
1$1
Co_ (quar.)
(J. J.)
copv.
(s-a)
preferred
A
3
MeJ^e^son; A
Robbj-'a..'Inc.,
preferred
3-14
McWifMamS
$iy4
4-
t
3-M
Mead Johnson
SlV'a
4-
1
3-16
Extra
com.
25c
3-31
"
3-19
Nineteen
Hundred
Corp
,
class A
Drederng^;' (irregular)
&
.
C-.,
—
4-
3-17
Class
A
(quarterly
common
3-
3
Class
A
(quarterly)—
3-20
3-
fi
NqbMtf.-Sp-^'te
$1.31V4
3-15
3-
6
Noranda
,
-
—_—_—_
—
1
3-16
3-16
2-28
3-31
?-■>()
4-
':
2-28
3-16
$13A
3-14
40c
15c
$iy2
■
1
3-31
4-
3-16
1
3-
15c
3-16
3-
6
$1 Va
3-16
3-
6
50c
5
3-27
$iy4
4-
1
3-13
$ij/2
4-
1
3-13
$l3/4-
4-
1
60c
39j/2C
'
3-i3
4-15
3-20
4-
3-13
4-
1
1
3-16
3-16
4-
1
3-16
$1 v4
.5-
1
•
2-24
$iy2
—
(qupr.)_—
4-15
Dock—^-
—A———
20C
50c
(quar.)—_
—
5nc
(quar.)—.—*'
2-28
4-
175c
;
3-19
(irreg.)
—
3-16
$1V2
tic
Ltd.:
(quar.)—_L_
3-10
25c
t87V2c
(quar.)
TRc
—
Mines,
4-15
$iy2
& Dry
if quar.k.
-
G^M
3-12
1
12c
—
Corp
_Ll—
6%. preferred
preferred
1
5-
3-23
■V.
—
(quar.)—i——_
Co.
4-
•
3-26
3-
3-25
3-13
6
-
"(quar.)——
Piib'ishi"«
Red"
25c
12>/3c
Newport Industries (ir.regular)
Niagara Shares Corp. (Md.)—6%
3-21
4-
30c
Newpqrt News_ Shipbuilding
$5
1
3-31
1$2
New York Transit Co.
Electric.
3-20
___
Newark & Bloomfield RR.
;
3-20
3-31
(s-a)_
Co. (quar.)
New England Public Service Co.-—
y
$6 prior lien preferred
•
$7 prior lien preferred-,:—-——
New England Tel. & Tel. Co. (quar.)
New Hampshire Fire Insurance Co. (quar.)_
New Idea, Inc.
New Jersey Power & Light, $6 pref. (quar.)
New Mexico Gas Co.,. common <irregular)
6% conv. prefrred (s-a)——-;
Newberry
3-13
1
4-15
(quar.)—-—
England Fire Insurance
Newmont Mining
4-
'? 3-31
75c
(Toronto)
Negus Mines, Ltd. (interim)_L._—_
Neisner Brothers, Inc. (quar-.)——
Newport
7-31
50c
—
:
8-15
6*
150c
N.vY. City Omnibus Corp. (quar.)
New York, Lackawanna & West. Ry. (auar.)
New York Power & Light, $6 pref. (quar.)__
7 %, preferred
(qiiar.)
2-27
3-20
t$l%
—
3-15
"
'
Com.
3-20
-
7
—
3-15
60c
(ouar.)___
Stores
3-31
lie
McClatch.v.'Nyw^paDers, 7% pref. (quar.)—
1%
preferred -(auar.)
Ll___———
*7%.»preferred ' (anar'rVr»slH'_Hl_liH!!!__
McOoll-Fr,>ntemc
'
2-28
3-31
$1 ^
(quar.)L
Works,
3-16
$iy2
Electric •Cof-,4(quar:)——1—
Asphalt
3-16
•
-•
Mastic
,
1
(quar.)
Ltd. (quar.)
prior preferred—
—
—
3-31
t$iy2
Nauga.tuck Water Co.
New
73- 5*'
3-15
$l3/4
'
Co.
3-13
4-17
3-
$iy4
—
prior preferred
Trust
1
3-21
25c
___—
Corp,
National
3-10
t$l}4
——
Co.
Car
5-
25c
(irreg.)
-
(s*a) A_:
Steel
3-31
$iy2
(irregular)
Co.—
Standard
6 %
5
$l3/4
Co.
& Type
preferred
12 Vic
________
Castings
National Supply Co., 5 V2 %
73-20
8-
Products
National
■
11-5
3-31
Paper
Steel
&
National
3-13
5- 5
-
Oil
5%
common
(quar.)__-_;—
B
Malleable
National
'
3-20
•$iy4
a
■
L
Co.,'.
Lead.
preferred
National
3-13
-Sl'/2
(quar.)
6%
:
(quar.)
National
(quar.
tirregular)
(N. Y.)
$2 convertible, preferred
1
1
7 2-28
—
(quar.)?ll--I-—----.-—---.-
3-i<?
4-
3- 2
3-16
■
"Common
3-1 fi
3-
3-16
>
preference
National
12-22:'
\
.
L,—
Co.
1-2-43
$iy2
9-21
$$1JA
1 11.,
National Grocers Co., Ltd.—'
6-20
•
t8C
7
Manufa ctui'ers. Trust
1
1
25c
7 %nreferred (quar.I—
Mav. DeDartment; Storesj-_^___—
1
$11^
1—u__l_
-Carl®p^dmrnon"
Mathieson
6
4-
3-16
preferred
3-16
4-
15c
Co.-, ,6%
710-
•
i
$1%
i___
1
3-10
3-
$1%
"
J.11'3-16
4-
•
2iC
l*c
75c
I
4-
1.
1-
':
'
$iy4
.7•
Ohio
5-20
3-16
■
9
25c
5-20
4-15
•
5-
7
9
1
'7'$iy2
(quar.)
4-15
5;
5-
6-
».
$iy4
&
4-25
t
37Vac :
common—
.6-1
■■
10c
-7
3- 5 '
3-25
■
i
'''■.
$2
:•
;
,
■Tf. T. #"•("" rk.'-k
Quarterly _1
3-11
.
37V2C
c
87*Ac
-
-- •
-
3-14
3-31
r
..'$l5/8
7RC
(quar.)
3-21
4-
1
'
.
5 v4 %
,
1
Quarterly
6%
3-25
8-24
3-31
75c
(quar.)
$114
(irregular)
pref.
4-
(s-a)
Mutual
11-24
.
50c
(quar.)_
Mani-cehewbsf.tfl%ipre^err^d (quar.
3-18
3-15
4-
.-'4-
S1V4
(quar.)
7
1
1
Manufacturing__.._________
Muskegon Piston Ring
9-10
$2
^ preferred (quar.
(R.-'CV):, Co.'' (irregular>_——;
Mangel stores, i $5 preferred '
•8-10
Tight-—
5%
1
4-
(s-a)__L
Murray
12-10
.
30C
Mahon
'
76C
;—
Co.,
-
6-10
;-'-f
SI.
■
(qnari) 1
Magot
9
pn»
Co.__.
(quar.)
r>--">»toent
k
3-21.
$iy4
.
1
7bc
(auar.)
Power
50c
$134-
—
common
$4.50 pref.
Co.,
69-
•
F0c
common
6
4-
"
(quar.)—
Master
(ouar.)
5oc
50c
50c
.
Magnin
3- 2
$1 34
Steel,
7 'y
8-24
;
Magma Copper Co.- _l^i—1
-
;
3-16
Rhoe
3-
4-
Extra •
11-24
y.':
!
Magazine Repeating Razor, common
1
$5- preferred^ (quari) ——1_——1—
-
4-16
.
Co.—
f?bmvlQ
Supplv.
preferred
3-16
"15c
preferred class A (quar)—
fr preferred class B (ouar.)
0"r
5-1
3-16
3-16
5%
Jo*v'n
•
-
"3-16
common
*5
"
:
.r_u_—
—__
3-25
9-10
.
1
3 25
4-
(quar.)
preferred
Jobn^on,
3-18
4-
Tea •C'l.'imiar.)——
Jo^ns-Manville
1
4-15
3-31
(quar.)
3-1'J
.
12-10
;
'.' • 3-16* ;7
$iv4
(a"ar.l
Ins.
Chemical
v'::;'yy Extra
;
Macy; (R. H.)7&iCo._lll__l
//.'
9-14
/<: 3-14
-*—-—L__^-
Pow,' &" Light
preferred
15c
trv4%
7%*preferred (quar.)i
f'ri, - preferred
(quar.)_______
Jewel
1
tl'/4%
,
(quar.)_^____:_
(quar.)
E.)
1
tlV4%
—T_
(nuar.)^.____^__^._i>
com.
VSc
tl7c'
(quar.
preferred series A
.
.
(quar.L-
(quar.)
C
Jamaica Water Supply,
*
;
(quar.)—
5fb
!°0c°.
t37J/2c
—_________
(quar.)___4EL-u~-^u--i
5%
7f'o
•
75c
,4. 30c
T
6.%
Shoe,
Co.
4-
4-
.=
25c
'V"
___.—
Trust
3-30
•j 6-10
'•
5
$1.10
2-7 7
MacKinnon Steel Corp.,:.Ltd.—3-31
7% convertible preferred (accum.)
4-1
1%:^::
'
___^—
(John)
6-
$1)10.
MacasBa-"Mines,iLtd?'(quar.JUL*—
.3-
4-1
"
25c 'r
(quar.).
Hosiery Mills
Irying
i
50c
,
V.
(irreg)
.
common
A
3-14
$1.10
8 y2 *Jv>. pre ferred -1qnar-.) r_ mi—
Lyon Metal ^Products, tquar.)
5-1
7 3-31
t$i3A'
preferred
Irving
::j;
4-
Investment Corp. of Phila. :('quar.)____L4L;
Iron Fireman Mfg. Co.
(quar.)_r________L_>
.
1
,
■r
Quarterly
(Quarterly
Irving Air Cbute (quar
4-
: $i'/2
•
Acceptance,' 6^ pref. (qnar.)_7__
Mueller Brass Co. (irregular)
Muncie Water Works Co., 8%
pref; (quar.)
Munsey Trust Co. (Washington, D. C.) (qu.)
3-16
1
eYi'Vw.'preferred
5-1
'T'o preferred tquar.)
•
6
$2
>
6
3-
$ia/4
(quar,)_.
B
Motor
7;j
6-20
6 y2%- preferred
a
(quaf.)
com.
1
3-
4-
t$2 Vai
.
!>;.*!
3-
1
60c
preferred
Morgan
A
,,tijr
"7-" Lunkqnheimer^Go. ^fCdmmon;_i—
6% %■ preferred (quar.)_'________
'
"
Stores,
•
(payable
Co.
4
4-
'A
25c
1
.-.y
5% preferred-($1-00: par) quar.)
5% -preferred .($25 bar.) (quar. )•
*
3-20
Ltd.—
Co.—
Department
V
4-15
,
77o., preferred (accumulated)
.International Salt Co.
'
International Shoe Co.
(quar.)L_,f_4"iL_,L'i:4"
Interstate
3-23:77'
3-10
yj7 "Xf
50c
Power
Life
Morris Plan Bank
7-25 7
50C
:
■
(quar,)__
Class B :f( quar.)
Louisville-Gas & Electric
11 ■,':3-15'7 7-
;y
-
:
International
,,
„
..
A
1
>
$iy2
:
(quar.)^___________:
2
3-
.
44-
•
•
10-26
3-18
$1%'
;
guaranteed^ fquar,)_
Class
,2,2a
_
■
3-21
.
3-14
3-16
50c
"
3-26
:
50c .7.
S.
U.
17 V2C
-
(quar.)' 4__
International
x
4-
: $iy2
Ltd.—•
in
1
■
4rl0
7 40C
funds)
S.
Common
Interstate
50C
(quar.)L
pref.
(payable
(quar.)
preferred
in
•
(quar.)
:;__iLE__-ELE-i--^L-™-LL:tv,
funds).
"
3-20
,
125c
..
Motors
.
'
In'ternatiohal
1
'
Securities' .Corp.-r-
preferred
International
8-
1U
_
3-24
$0.0216
preferred-
3-20
3-28
{
.
class A—;___L__1L
shares),
3-14
4-1
•4-1
(quar.)__^7__________^_____
preferred
$4.50
'
4-1
4-1
•
$1
50c
-.
6-15
60C
•
.
.
•
1V2C
$4 preferred C (s-a)
i__
Montana-Dakota Utilities; common
.■
5% preferred (quar.)___________________
4-25
-
$1 Vs
25c
1
30c
-
3-15
50c
5-
30c
;vy
Co.—
Cement
'
3-14
.
v
3-15
6-15
Inspiration Consolidated Copper :
J___;i_*
Institutional Securities, Ltd.—
4^;:^'
•'
(Bank group
1
50c
L
.
Longhorn' Portland Cement Co., commoiiJi_
250
E 3-16
5 '/6 participating preferred (quar.) __i_L.ll ,:
6- 1
$lJ/4
: r
Participating m
25C
6- 1
r
v
5%: participating preferred (quar.)
9- 1
:$m
3-12 P,
? ■ :
• > ..Participating'
?
-_x__L__
25c
■9- 1
3- 5
5% participatingr preferred (quar.)___
12- 1
$1V4
i';- 3- 5
<•*
Participating
25C
12- 1
6- 5 >:
Lorillard (Pii^Co;,, common (reduced)
.25C:.
,4-1.
6- 5
■;'
'"preferred *( quart)
„'
$1%
4-1
3-16
;
tLouisiana Land. & 'Exploration .Co
10c
3-16
3- 9
Louisville Gas. & Elec. (Del) —
3-16 l;
;3-31 4
"
ii
'4Vi 5^'"preferred (quar.):-ii
Industrial;Raydn Corp.
«•.
$l'/8
"
r—
..-rv
4-
,
1
3-24
30c
L
1
.4-15•
.
Industrial
1
4-
$1.31 V*
-
.Common-
4-
-3-16
50C
,r.
guaranteed.
Lone .Star
;
3-14
■
6%, preferred (quar.)
4- 1
3-14 I
$iy2
Montgomery "Ward - & Co., common:_i;^-l: r* :50c 7 7 4-15': 7 -3-16 ;7:
$7 class A (quar.)
;
4- 1
3-16
$i3/4 ;
Montreal Cottons, Ltd., common (quar.)
3-16
$$1
2-28
3-31, •
Tfoy preferred
(quar.i___.
3-16
2-28 «
t$l3/4
Montreal Loan & Mtge. Co;
3-lft
(quar.)_______
131 y4c
3-16 7
2-28 •
3- 2 ' }v Moore Corp., Ltd., * common - (quar.)
4- 1
155 y2c
3-10
1% pref. A (quar.). (pay. -in U. S. funds)
3-10 7.
$ 13A
4- 1
3-10 5
7%-pref. B'fquar.K (pay.-in U. S. funds)
3-10 7
•$13A
7 4- 1 7
4-15
37Y2C'
Loew's, -Inc.". tquar.
3-18
''
3-14';
Li:;;
"^(initial)
1
1
-■
3-1
J.ni
.
$l3/4
10c
1-11
Indianapolis
■'
convertible
$4.50. preferred
•
2-20
3-16
$1.30
___.
Locke. Steel.. Chain. r(quar.)
f.
4-
1
y;
3-14
,
'
Independent Pneumatic Tool Co._—______—
Power <fe Light-— . <; '*• r v:\ •'
7%
3-14
3-27
60c
^Lock Joint Pipe;',common-(monthlyt ' 8%" preferred, (quar.);
,
•
;
3-13
;7;
4-
-
•
•
3-20
3-14
4-
preferred_____________.'
Containers, Ltd.,
Monsanto
3-25
3-31
.
20
.
Spec al
Vi
12-31
■;!
.
Special
"
3-31
2%
v
.
3-31
ts-at__„_-
;
;
L 4-1
416C
;
3-25
1
.
$iy2,7;
•
-
of Chicago^-.
(irregular) ____________
Monroe Chemical Co.
42-2^
,12-11
5- 9
.
RR.
:.f
1
4-
;
i
y
5y2fe preferred, (quar.)
9-11
3-23
__
(Original^ capital. (quar.)_L___
Originalicapital' .(qu&f.)^.,
.Original;capital, (qu&rd
Speuittl guaranteed .;(quar.)
9-30 '•
1-2-43
75c
tl7l/2c
Aper
(quar.)
"
■; 3-31 .
4
L 6-30
1
10-
4$3%
4-
common
preferred - (guar. ),
Miami
Co.
Monarch
3-14
$1%
—
Liquid Carbonic Corp. (quar.,)^
Lit Brothers, 6% preferred,..
.
^4L--L--7-LlLL-'V»r7~^LL:;;
preference
*
3-20
$iy2
(quar.)_____
'Mbdine MAiUfa ctuf ihg\;(qu ar,-)-_
3-l4 E
>
1
6-11
$1
.7'/o ^preferred
(quai;;) —
Link Belt ,Ccr., 6%%,'pref: qquar.)
Lion Match Co., com. .(irregular)
•;
'
4-
$1%
(quar.)
Corp.; $2
preferred
Modern
'
...
3-20
t80c
Imperial
& Color Corp. L
1
Imperial Tobacco (Canada), ordinary (final)
..« Ordinary shares (interimi—u,
u,
§'k
w
3-16
$iy2
•-
Modern Collet & Machine
v
Lindsay Liglifc\&: Chemical Co.—
3-20
>
3-8
10c
'•
•*;V'4
,
|'4-.7
'3-20
;
(quar.)^.____
Refineries
Oil
Midvale
5
:
i-4-' 1'
L
s-?
..
2
-
-
Monongahela West Penn Public Service—
i; J
•43,144
3-31
"35c
'
l.-LluL'__L^-^E_^__i.__C__E---EE
Quarterly;
4-1
-v
L1LL ■ •'
4 Quarterly
<
m
3-
»lJ/2
Quarterly
;■
;-:4-vl'y
:
3-20
3-31
•'
5
12-15
•
f 50C
1) $50c
(accum,>_-__^i
m* .Extra-
3-10
8%
5
9-
LVncola Natl. Life fins.; Co, ,(rx. Wayaej—•
3-21
;
3-20
68 %C
pref._r_™___
(Toronto) —
conv.
40c 4"
1
3-20
3-20
$1%
Mississippi Power Co.,5$6 preferred (quar.)__
3- 5
6-15
.
813/4-
v
(quaryLSifi^LE
,
,S
(Madison,
,
Illinois Iowa Power 5',*
3-31
-
quar.)
Commercial
'
3-21
3714c
JL
_i
Telephone ■Cd^-.L.lLlL.Lii-i.EL v
t
3-21 '
•
Refining Co.^
Mortgage (quar.)
;
Hussmann-Ligonier 5Vu'/o conv. pref. (quar.)
Ideal
3-31
3-31
;
Erie
Illinois Bell
3-31* "
$1Y,
-
3-31
4-15
'
1
3-20
4-1
$l3/4
V.
Mississippi River Power, 6% pref. (quar.)'__
5 .'ft
Mississippi' Valley Public Service, common—
5
y «% -preferred B (quar;
i:
3-15
$1%
Lily-Tulip iCofpifincreased quar.) _^__u_____
Lima ^Locomotive-Works (irregular)
^__a:LLi
,iiv
4-15
$1%
(quar.)ii_i_i_
(quar.)
Co.
$14
7 %
9-1
12-
4-1
-
:7_
Midland Steel Products Co., common__-
']
9-15
$ij/4
L
.5.2% ;pref£rred,- fquaE.)_j-_-__i_-______4>
Liggett (SrMyers-'Tob^d^ya^
,
3-20
>3- 6
;.L
$i'/4 L
(quar.)
second preferred
Hubbell
'3-11
3-18
$l»/4
•.
preferred4quara^^4i^_I^_v-^__:_
Howes Brothers,
+
(quar.)__—
L 5- 5 i
11-16
":f: $1% •'
Quarterly - EL
Quarterly,
.vQuarterly:-.^__^jz__-__j,
Lexington Telephone,
preferred
preferred
if' $2 non-cumulative
3-14
5-15
25c
Lehigh & -Wilkes-Barre Corp, - (irregular)
Le. Roi .Co. ________
fy 3-20
4-1
-
25c '
(quar.)
1 "
3-26
62Y2C i
(interim)
Household Finance Corp., common
»
4-
r
1
1
12;
4-1
75c
•
1
1
National* Bank
Midland
"
2-18
4:59c >\V S-l&rTV
Hoover
1
4-
$1
-
(quar.)
7% preferred
>;44^f:cbnYert4ble.rpreference
.,
4-
•
25C
$1.36 J/4
(quar.j
preferred
Mid-City
3-20
7
-1 4$1 4
;Portland rCtmfentt-.
L'-
junior
'. Mid-West
4-18
-
'
62Vic ■?
-v
70c ..class \Ai (quar.)._r£il.v__
Honolulu Oil Corp,
5
5
*1.31 V*
*
(initial)
Mickelberry's Food' Products—
43-14
v
"
pref erred
1212-
•
$1V2
—
______
preferred series of 1940
$6
j
*
5-
L.L
47%'1 convertible preference Caecum.).
•;
6-
(St.
(quar.)_____,
>•
preferred
preferred
6%
■
Langley's, Ltd.-~. t. e
,
Co.
Co., toramon
prererrecl
7 €%
.
3-20
4-
3-16L: Iconvertible preferenqp. (accum:)Li^___ ;L'\ tsoc
3-16
•' LaSalle
Industrial Finance, com. (quar.)___
3%C
com.
\ \
$14
30c
441 '£•
%Holophanei Co.-;
3-21
.
v
)
'
17 V^C 7
3-31
^
1;
^
1
(quar.)j.
Holeproof Hosiery Co.. 6%% pref. fquar.)
Hollinger Consolidated Gold-Mines, Ltd.— »:
•:
4-
3-20
•''41%
\ ;*y Hinde ^^a;ifdb^ap(S^'si^V^b<fii^
$5
1
-
Quarterly
7%.. preferredi?;(quaf.iu^_-
(quar.).
..Highway Safety Appliances,.class
4-
t:
^s___
1quar^s
B"
Trust
&
preferred ; (quar.)
$2.40
*
& Qua rterly^f
BanK
Michigan Public Service Co.— : ;
7% ; preferred (quar.);____L_____
1
3-20
'J'.
hi; Quarterly^
Hibernia
9-1
-
Michigan Associated Telephone—^
6% pref." (quar.)" _2_________________
.
Co.- (quar;)i;__t±E£:_
Quarterly
;;
•'."
ifE
r
-
.
v
Lauuis- MttChiue co-.—
"
6-
5
30C
Meyer-Blanke Co., 7%
;
-
3-16
'7.'3-20
1
4-1
•
.
Landed Banking; & vLoan
Corp._____
Spencer, Bartlett & Co; '(monthly)"^
7'/e
3-16
.
4-4
$1
(quar.)
y.e
Rubber
Hibbard,
preferred
4•
67J/aC
•
-
Manufacturing Co.-{irregular)_____
'7 3-16
7
5
5
20C
Mergenthaler Linotype Co. (irregular).
Mesta Machine Co.
(irregular)
Metab & Thermit Corp.-r-,;■ r ■
-
'
4-. 1
2oe
>
■
Irregular
t
! 4- 1
62>/2C
-
(guar.)
Dept. Stores,
Kresge
L
3-12
•
69-
8-
(quar.)
common
&
5y4 Vo
4Vi2%
3.12
■
14-1
75C
■
25c
30c
1
t 3-10:
■''7 7 %* preferred
^Hettrick
87V2c
62M»C.
'hyfa 4%"' conv:' 1st pref: "(quar.)ELE^____E___
.El Kroger ^Grooeiry .Ac fBaking—r L
•
4-1"
1
Co.i___
Co.; '$%
"'Merck
3.16
.
of Ree.y '
25c
,
(quar.) _L—
preferred
Lou-is),
*
S-28
;
,
4-1
•
Meicanthc: Nanonar
2-27
:
1
3-16
;
5%
1 j',. 7 3-10
<?• 4'•
'&%Ipreierred
*
^2-27
»
«
Holdert
Payable
'fa'/a;.wt:e.(e)Tea. ,iuiat.iu-
"
'
f
f if st; preferred '^quar^_
second preferred (quar.)^__________^
3- 7 L; Lackawanna RR.of
< quar.
>L|- <j '&T* Lake ShorA Mines i(reduced quar.)
;_i__
^Xaanson & Sessions, $2.50 pref.-(initial
quar.)
3
-
1G00. W.)
runif)
preferred
Koppers
...
'''""/'(increased
$2.7.0
I
L",.
7
Knapp-MonaiP0h,-42M?*''p'ref.'_ tquar.)
;
.:.i
3-31 f
j
$1J/2
.
preferred "(reduced quar.)
'
3-16.).
</»•;
preferred' (reduced quar.1
i: 5%'. preferted deduced quar.)
•
'
kHelme
<fa:-preferred Hquax.J
Klein, (U.
t 3-16 :-L 3- 6 "V>
25c ''
<gnar)
7/ ,,
$1%.-.
Hazeltine. Corp. (quart '
' ■■■/'■; 77: y77;77: 75c -:
Hearst Consolidated Publications, 7% pref. A 7" t43%c
Hecla Mining^ Co.(Irregular)
■
Heileman (G.) Brewing Co,__i__.
1
■
When
Share
"
6% preferred (quar.).
4-
250
V v
-5%' preferred .(quar.).
»/
3-31
35c
-
Per
■■
(quar.)____<*
!.
3-23
.
70c
•
r1
(quar.)
preferred
^-14
2oC
Kings. County ^Lighting Co
t
3-14 -V I
I.- •>■;• 3- 5
)
common
57o
1
1
834C
-
Quarterly
Hayes^Ih'dtistfrilEsS^Ihcri^^
;;
.
"
>.
li
Hazel-Atlas Glass Co.
.
•6
'
■ ■
L:.;3-i2
3-26
4-
Kimberly Clark Corp".,-,
6 L
4-15 'r'":' 3-31
50c f
75c,
,,
^
25C
-
.
40c
(quaiL)__v-
t$l
1
J' 3-14
43-31"
; 3-20
'J 4- 1 ,*'• 3-20
25C)
^
Keystone' Public Service, >$2i80 pref. (quar.)
Keystone Sieel & Wire Co. (irregular)_____
.4-20
$1%
Hawaiian Commercial & Sugar Ca^ Lta.—•,
•:*' special ••-i-'-it ••
e v»t-^ • - •'•■•
Ker*yn-xOik COv^siiWssvA '(guar$
*
.
4-1
(.41 Va
—
.
.»'•
2-27
'•
Acceptance Corp. of California—
4-
$i%T I7' 4-
*i'[ K.
«•--
■'
Name of Company
Mercantile
*■
(quarZ)-
^
<.r
: in
:■>
,
$1%.
J
convertible pireferred
K*i?f
7777
"•
Ke.viiifAloci;-tn.1niequi.
1079
0/Hec.\
'4-1
.
$l Va
(quar.)_.
____________
3-16
7i>; $iy8
preferred
Kellyjlslancf liime & Trails.
»&■*!;& Vf ^ KeisCy^Hayefe Wneel, $1.:50 cahV. class A-_-_
; 3rl4 ■>Kennecott -tJopper
Corp. i;(quar.)
■;: <
preferred.-,(quar.\-I—*}'
Hgrrisbur g Gas-Co,, T'/k, pi-eferrndiiquar.);
7
.'Han-isburg: Steek>Corp.
ft
'ifquar.jf-li'i
Kaynee Co.;
7
71110c
:
r$6 .preferred
"
Holder**,
fc'r
-2-27 v*
3-31
,
y 25c'
Harbison-Walker Refractories
;
c,
'■
When
Payable
Kansas-Nebraska Natural Gas. Co., Inc.-
«:
-3-14"
•
> 3-16
:
•'
"Per,,;;.;.
Share
3-21 >/>-
;
Hammermill
•'•
'.
3-.6.J,
'
Theatres. 'Ltd.—'#/
preferred; „iacccimuiattui._——^
i
•_
.t
Rtd-l
EOtov,
Bridge "CO.,4:25c
Hamilton' -United
:\y&%
t
.v*i 25c
7 " 7a
1"
(acnnm
!
77 3-16
340
'•- 25c <7
-v** *''
" --«*.;
»
Company______.:____;
a>Hamilton Cotton Co., Ltd.—• ^«
•«
7
20c
"j. Hail Printing Co. ,(quar.)
TTRIAM
0/
43%c
;;HaU..;'(C; M.lTLamp Co.
,
*
Holder t-7i
S/iare ry Pay'pie
4
n
THE COMMERCIAL & FINANCIAL CHRONICLE
1
:
—4»- -L->—
Ird'istries
M;nes,
Ltd.
Norfolk A: WoTt.pm 'p.n,
2-14
North -American
(Gtfs
of
int.)
Bond
1
5-
R-15
8-
1
,Rnc
(reduced)
11-15
11-
2
58c
(-'ntermri
2*1 a
3-14
5-15
50c
'
o-\„ common
3-16
t«L
(quar.)
T^st—
(irregular) _^--___—til—
3-17
2-20
$2 V2
3-19
2-28
"
THE COMMERCIAL & FINANCIAL CHRONICLE
1080
"
*
•
When "
Per
.
Name of Company
North American
Pef
of Rec.
Payable
share
Holders
Co.-(stock dividend) —
stock for each
7 Vo
One snare of Detroit Edison
-
50
heia.
snares
suoject
is
Payment
6%
of
SEC
75c
prefeiTed' (quar.Tr-^rzi_"r_Trr.~™~r7iV8C-
preierred
5%,%
(quar.)
North American
Prior
7%
preierred
6 %
—.
Texas
Northern
Empire
Northern
Natural
Northern
6%
Common'
Class
Co.,
B
$6
preierred
6 %
preierred
Ohio
Match
Ohio
Seamless
$1.75
Omaha
:\/ t$lV2
6%
:
Ottawa
Light,
fv
—
(quar.)
preferred (quar.)_
Coast
(s-a)
Co.
—
Producing
(quar.)
common—
preferred (quar.)
Tilford, 6% convert,
Co.
Appl.ance
preferred
Ltd.
:.————
Co
& Wilcox
Ford,
&
>
___:
7
Regent
3-14
$1.60
■■■.A"." 1
3-14
Quarterly
4-
1
——
4-
1
3-14
4-
non-cumulative
Rel.ance
•
1
37yac
,
Fire
Standard Fruit & Steamship,
Manufacturing
Co.,
3-
4-
25c
(quar.)
3-10
Remington Rand, Inc. common
3-10
/
(quar.)—
Republic Investors Fund—•
6% preferred A (quar.)
34c11
•-
3-10
3-
3-20
7%
preferred
2
3-20
3-10
3-16
3-
Stay ton
Oil
Stearns
(Frederick)
3-7
3-18
1
3-16
4-
1
3-16
1
3-13
4-
preferred B
1
3-16
3-20
2-24
3-20
2-24
5V4 r!o
5'/4 r!o
4-
1
1
2-10
4-
1
6%
2-10
3-15
3-
3-20
3-16
6-
1
9-
1
8-15
12-
1
11-16
5-
1
$13/4
(irregular)
4-
1
50c
3-14
1
Rich's. Inc., 6Vi%
3-31
4-15
I
t$5!4
1st pref.
4-
Roeser & Pendleton
1
3-16
4-
14
3-20S
4-
1
3-
3-31
3-16
3-20
3-
3-15
2-28
Russell
3-15
2-28
,/ 4-
3-20
3-10
3-16
3-
2
I
4-
1
4-
1
s'
-A-
1
3-10
Antonio
San
3-14
Francfsco Remedial
4
(reduced
3-16
1
*
10c
4-20
'
4-
1-
»■>••
$1
4-
•'
-
1-*
Mines Ltd.
Gold
$1 V4
4- 1
r
quarterly)
Loan. Assoc.,
3-16
6l/2r/o
debenture
D
mi
pref.
4.
4-
$ 15/a 7
(quar.)
1b
4-
.-
:$3
(s-a)
-
•
35c
-
Pennsylvania Telephone Corp.—
$2.50 preferred (quar.)—
Pennsylvania Water & Power Co.-—
7%
'
4-
62/2C
——
Common
/ 7'/2 c/o
3-16
3-16
4-
4-
1
3-
4-15
25c
3-31
3-2b
50c
4-
1
3-17
Perfection
Co.
Stove
Periem Gold
(quar.)
Mining
Perkins Machine
— ——,
—t
—
I
J
-
'
3-10
(quar.)—.
Perron Gold Mines, Ltd.
Extra
Pet
Co.
Co.
Pfaudler
(quar.)
(quar.)
—
4-
1
—
preferred
prior
1
3-20
4-
1
3-
4-
1
3-
2
Phoenix
Insurance
Securities,
$3
Pickle
6y2%
preferred
Pioneer
Gold
Mills,
(quar.)
(quar.)——
Inc..
.
(s-a)
Mines
Col.
Semi-annual
—
(quar.)
Coal
Gas
(quar.).
—
preferred
(quar.)
Pittsburgh
Screw
Plomb
Tool
:—^—
_______
Co.,
Common
Power Co.,
Co.
6%
of
Electric
Pratt <fe Lambert,
Premier
Preston
East
Price Bros.
5y2%
riiss
4
Nat.-onal Bank
Serv'ce
Co.
3-11
3-13
1
.3-14
25c
4-
1
6-
1
6-
$1%
(quar.)
1
3-14
5-15
5-15
3-
2
15c
3-16
i$lV2
$75c
4-15
3-31
4-15
5l/a%
pref.
1
3-14
&
3-17
3-
I2c
4-15
3-16
4-
1
4-15
$1V4
$1V4
7-15
3
3-31
3-21
4-
7-
1
1
(Bait.)—
—-
Trust Co.
4-15
15c
t$l%
—
:
New
of
(quar.)
$5 preferred
(quar.},
Puhhc Service Corp. of
4-
20c
(quar.).
(quar.).
(auar.)—
3-31
25c
37V2C
4-
3-24
1
3-20
3-16
2-28
Hampshire—
preferred
—— 4.-,——-
New Jersey—
• •
1
-
^
3-16
,
2-28
3-31
3-
2
8%
$5
Mines,
R"?,
f^
preferred
of
ams
preferred
Publication
r«m-ini
On<nnnl
:
3-16
3-15
23c
3-15
Ltd.
Royalties,
(H.)
&
25c
A
Sloss-Sheffield
E6
;
Steel
&
Iron,
United
Oil
r:
50c
..
3-30
3-
:i
South
$6,
South
Carol'na
first
P^wer
-
2-28
Penn
Oil
'
Sugar,
8%
preferred (quar.l
South West Penn. Pipe
$2
.
Lines.—
25c
Soufbprn
Atlantic
Southern California
^"1.
gtd.
Co.,
Edison—
Routborn
...
1
Natural
Southwestern
Gas.
Associated
$2
3-16
2-13
$134
3-16
2-13
3-16
2-13
50c
3-16
2-13
Spaldina
50c
4-15
3-13
25c
i.
4-
1
3-161:
("I0"t.blv)
^ontblv)
(Okra.)
Corp.
5%
common
nou-voting
preferred
7-Ck TstsPrefcrred
...——
pref.
voting
(quar.)—
—
(auar,)—
(quar4———
$1V4
(quar.)
.
4-
1
4-
1
50c
3-27
50c
$1%
3-27
3-17
1
3-20
$13A
2-16
4-
3-17
3-5
Southwestern
Light
nrefc-ed
6%
(A.
&
G 1
&
Pros.
1st
F"nd.
-•5%
donviff
w
3-6
3-
2-27
3-31
2-27
1
3-16
5
4-
■
4-
1
4-
1
3-16
4-10
V.?-20
/,
3-16
3-27
$1
3-17
•"/ 3-27
3-16
:
3-1'
'
3-
4-
1
3
3;•
3
3-
3-16
2
3
3-16
3-
50c
;
4-
1
3-14
4-1
3-14
4-
t$l3/4
/
2-2«*
5-29*
9-19
8-31*
12-19
11-30*
50c
50c
50c
3-10
1
3-20
6-20
50c
50c
—,
3-16
■/*
4- 1
4-1
3-16
r.
3-23
3-
9
3-16
3-
2
4-
3-19
50c
•.
..
50c
common....—Jl/
vSiVi
fauar.)....—.
preferred
,
A
v
,
tsi
...
3-20
2-20
4-15 j
4-
2*
; $1 %
- r;
7-15'
7-
2*
$1
(quar.!....—...
-
(qijar.l—————
preferred
7%
U. S. Truck Lines.
Trust Co.
4-15
3-20
50c
•3-27
3-23
Y.)
32c
3-16
433/4C
3-16
3'-
3-16
25c
(qunr.l——
Inc., of Dela.
(N.
—
(quar.)——
non-cumulative preferred
1
$1V4
————
preferred
Uoson-Walton
(quar.).r
$15
(quar.).—....
f'
4-
>
2
2
3-
•
3-
2
1
3-12
3-16
;3-10
3-31
3-18
'
^
3-31
3-16
3-2
4-
1
3-20
4-
1
3-15 ■/
4-
1
Steel
Uteh
Power
3-14
3-
9
Wire
Xz
Co.
-
(auar.)..
(irregular)—
preferred.
.
(quar.)—
&
$6:preferred
•
•
Ut'ca
5%
prior
—
Dutch Bakers,
4-13
3-20
Van-Darn
3-16
3-
7
Van
3-16
3-
9
7%' preferred
3-16
3-
5
7%
(ouar.)__——.'
4-
3-14
VppUer-Roat. in",
3-17
Ventures.
preferred
Neman
1.
~
3-3i
•
Victor
Cor
(quar.)—
t$13/4 "
Works
Hcting
preferred
Ltd.
Co.,
Co
pref.
4-
1
4-
1
3-?l
7-
1
fi-70
10-
1
9-90
1-1-43
12-21
Chemical Works
3-
2
3-10
3-n"
3-10
3-20
3-16
3-20
3-10
St 3/4
(quar.)._
6-10
6-
1
S1 3/,
——
i
—
/.
9-
12-10
17-
1
50c
—
9-10
$3 3/4
—.—
(irrpo-ular)
(interim)
3- 2
t$iv2
15c
—
7%.
I
1
50",
—.—-
Co
Mehtn° Toal
4-1
25C
(irregular)
Irou
3-10*
2-28
Inc.—
(auar.)
$6.50
3-16
$1%
4-15
3-16
,3-20
62 V2C
—
Tromn'a Holland
A.
1
' 20c
621/0 C
Quarterly
1
62 %c
pref.. (quar.)
-
4-
62yac
...
Co.,
—
'
"
•\
—•—
Knotting
Ouarterlv
t«2
30c
..
(quar.)—
r
Light Co., $7 preferred—"l--
30c
'25c
v
Utah Gil Refining Co.
"
15c
4-"r:
h- 4" 1
\
2
20C
15c
"[quar;)—'
3-16
\$134
4-30
-iSO C
1
t$l»/2
<quar.)_—
$1 %
'
3-
4-
$3
(irregular)
common
$11/2
.
3-16
25c
'
k
convertible
Common
(auar.)
9
2-26
3-4
$1V2
.
(resumed)
(quar.)
Co., 7%
5-15...
$13/4
3-
3-20
3-16
$2va
(quar.).
Sli/2
Inc.
■
•;
53c
(quar.)
Quarterly
(initial)
V- 3 - 9
1
3-31
58 %c
common
Upressit Metal Cap Corp.<;8%
$1'4
(auar.)
(quer.U:
PprinpfieM G$s Xz Elec. Co., $7 pref.
Bounre D Co., common.—
Insurance Co.
Universal Products Co.
35c
1
4-
i5c
/:
Printing & Lithograph Co.-r-
Vpnor
convertible preference
Soencer Tra*k
pref.
S.
United
$l'/i
1.
4-
3-30
50C
S^O^.
Co.—•
Power
3-16
3-20
;■.'//
(monthly)
3-20
Telephone—
(ruar.lr
3-19
3-16
3-24 V
•/>:
Fotash,
U. S.
Sparks-Witbioaton Co.—
—
/.
1
3-23
30c
(quar.)
4-15
t50c
4-
3-23
CO.—
t$l 1/2
....
4-30
i3/4
'.1
(monthly)
U. S. Tobacco Co., common
10c.
preferred A
3-12
4-30
'
siy*
"4-15
;
1
5-15,
1
75c
:
6
5-15
$l'/4
vVt$l%
6
3-
3-16
4-
.
.
$1 r
25c ;
com.......
■'..'*4-15
'
-
\%iv*
(quar.)
$5
3-16*
3-167
15c
3-
3-20
%C.
25c
$iy2
:
preferred—
$5
3-16*
1
•
*
3-31
3-16
95c
-X
(quar.)
Corp., 7% pfd.
3-20
t20c
$6 preferred (quar.)
...E
Routhvvest.ern Gas Xr Elec., 5% nref. (auarJ.
Southwestern L'fe I^s. Co. (Dallas)
(quar.)
$114
.7
5
3-16
i75c- $1 Vs ' >
.
•
—
34?/«c
'
,
»
$6
preferred
37Vac
•.
...
-.
....
U. S. Steel Corp., common.'
United States Sugar Corp.—
-
.
preferred
Phosphates Corp.
Southwest
1
:
••
(extra)
i._—
Southern California Edison .Co.,,litd.— '
5%
original preferred (quar.)
v—
5Vz% preferred, series C (quar.l..—
Southern Canada Power, Ltd., com.
(quar.)
6% participating preferred (quar.)—____
Southern P're Ins. Co. (Durham, N. C.) (quar.)
Original
3-16
4-
62'/2c
(s-a).—
1
' 4-
*4-1
50c
...
—
'.
5
3-
'4-15
,
,
Qnarterly
6%
3-12
4-
50c
(interim)
common
;
(quar.)—
com
5%
Co.,
7-21
3-
3-15
.V
12
Leather
pr'or preferred
Pipe & Foundry Co. (quar.)————
;
;•..;
S.
8-1
3-15
,
$i»/4 :
Jersey RR. & Canal Co.
6%:. preferred
i"•
3-16
3-26
37 %c
(ouar.)
Rico
1
11-15
;
'
U.
4-
8-15 •"
SI Vi
(quar.l.
Co.,
8-10
11-10
25C
(quar.)
preferred
5-9
•
8-15
•12V2c
—
(quar.)—_
(irregular)
preferred
2
3-15
'
Products,
Corp.
3-
11-14
-
•
•
$1%
U.^S. Playing Card Co. -(quar.)—
,,'•
3-20
5-15
25c;
.
;
4- lr f 3-14
$2
Co^
Quarterly
•
2-20*
3-30
SI 1/2
(auar.)
preferred
South" Porto
:;:'i SlVa"
Co.,-r-.
X
-
—_
Quarterly
9
3-16
3-31
: •'
pref. (quar.):"
Co.—
preferred
-U.':S.
(ouar.)
7"%
Co.——
—
RR.,' common
Gypsum
S.
..
3-4
-
3-25
•
U.
V.
3-13*.
3- -5- V:'
3-24-.
10c
; 25C
3-13*
3-21
3-15
25c •'
S.
7%
2-13 V
3-21
».
$i'/2
5c
preferred
j
2-25
'3-10
3-16
t25o
(quar.l/.
U.
Corp.
prior
;v 3-20
.fX -25c
U...S. Graphite Co.
.
7;
'2-25
>
X
25c
3-13
7-
*'•
3-16
3-10
-
3-16
-25c
3-13-.
3-28
1
3-17
f
3-16
6%
V
South Carolina Electric & Gas Co.—
$3
(Dallas)i.j_.
(Mo.), $4.50 pref.
Pacific
5
2-28
1":
35c
V
3-13 7'/
^
Co
Co., Ltd.,
Paper Board
4-
5
20c
f'
prior preferred
New
3-
3-15
%
^ t$l
3-28
$m
:
(annual).
(quar.).—
(quar.)
Improvement,
prior
United
3-15
3-28
3-
$1'/8;V •, 4-
non-cumulative preferred (irregular)—
United Power & Light, $6 nreferred...—
■"
3-16
:
Extra
4-15
5
-3-10
/
3-
: •
Packing Corp;) (special)—
& Engineering (quar.)
Sonotone
3-31
tl5c
common—
Snyder Tool
Socony-Vactium
4-15
t$l3/4
V
(quar.l.
Snap-On Tools Corp., (quar.)
Snider
6%
3-20
3-25
SlVi: t
preferred
Light $1 Railways
6.36%
2
1
3-20
3-16
I.
50c
i
.
3-15
Ltd
preferred
5&%
Manufacturing
7%. prior
"
3-31
t2c
(quar.F
Mines,
■
•
preferred
United
3-14
2-20
4-
3-10*
1
50c
$l'/4
tl5c
V
(quar.)..
(irreg.)..
25c
■
Gold
$5
4-
75C-- 1
X
'
Gas
2
3-31
v-
f
'
Dyewood Corp., 7%
United
3-
$1
United Gas & Electric
3-14
•
1
:<V
10c
-rj.
(irregular)
1
United Elastic
6•
3-16
10c
•v*
(quar.)
preferred (quar.) —i,
Drill
9
3-
1
r_i_.
-
3-
1
V- 4-
50c
■;/;
-16
3-
3-30
50c
it
3-16
3-31
25c
(quar.)
United
/
<
United
(quar.).——
Ltd. common
Sons,
preferred
2-25
3-21 .//
1
-12
3-
l
25c
;
common
Carbon
4-15
5-
4-
J62'/2c-.
—
$I3/4
United
3-
4-
3-16
-12
3-
—
common
Coal,
3-16
4-
25c V
United Artists Theatre,
v
•.
4-
4-
...
Aircraft
3-16
1
4-
—
Twist
3-23
tl5c
3-16
preferred (s-a)
Union
2-25
1
t$l3/4
3-31
10c
(quar.)—
Metal-Manufacturing, com. (quar.).r
preferred (quar.)ii—'
tic
;
3-16
preferred
t4c
(quar.).—_
i
3-31
-
;
United
2-28
>
3-17
'
10c
2
2-14
(quar.)..
preferred
4%
-
V
Canada, Ltd.—
class
$5
.$6
2-28
4-1
$1 1/4
.7
—_
"
Siscoe
:
«-28
3-16
...
(quar.)
(quar.)—
——-—
(quar.)
prA*«rrpd
Pi>blic Service
3-15
25c
(quar.)
3-
5
t20c
Union
3-10
75c
(interim)
preferred
(quar.)
—————
(quar.)—,——.———_
preeprred
preferred
2-20
3-26
I
3-28
1
33%C
General Trusts Corp.
Union Pacific
25c
Company
6%,
•>,
"
4 Vf
4-1
4-
4-
Axle
Union Electric
'<■
3-10
i
.
7%
3-
*
V
..
2
30c
68 %C
Union Bag & Paper Corp...—
Uniori Carbide & Carbon Corp....—
•■
3-12
433/»c.
Southland Royalty Co...
$1V2
$134
—
,
•
3-16
.
3-
iquar.)..;.J—
3-16 VV -Union Investment Co., 7.6% pref.
4-1
3-31
(quar.)—
(quar.)
Publ'c
$6
pref.
Personal F:nance Corp.
Pubhc
3-10
1
4-
(ouar.)__„
Mines
Ltd..
common
7
.3-14
—
pref.
preferred (quar.)
Prudential
4-
4-21
50c
Prosperity Co., 5%
5r4
3-10
1
(increased)
Mining
Dome
1
4-
$lMz
Inc.
"
4-20*
/
1
4-
preferred..
Extra
•,/.;•.•/
$1.
•.
3-14
4-
4-
Inc
& Co..
3-25
t$l34
25c
-•
1
2-28
4-
50C
(irregular)
Shipyards
Unexcelledr
3-10
3-20
•
41c
;
;
(irregular)
Inc.
Creek Gold
7%
A
preferred
Simon
3-16
pref. (quar.l
( 4.
7.
pref. (quar.)^____
(interim 1
'
'
-4-20*
!.
3-31 v
:
75c
common
Frank G.
Signal
3-10*
Accident Insurance Co.
Gold
3-21
4-
3-16
(quar.)—
Power,
3-14
3-23
Corp.,
convertible
Common
3-31
(quar.)
Alexander.
1
Steel
Sherwin-Will
30c
Corp. of Canada. 6% 1st pref. (quar.)
oartic. preferred (quar.)_
Preferred
3-16
2-28
$l3/4
non-cumul.
6%
1
1
.
Ltd., 7%
America
preferred
Power
44-
7% pref. (quar.).
—
4-
25c
(reduced)—
Extra
15c
.'——
Powdrell <te
3-16
9-30
Special
Potomac
1
4-
4-30
i—
;
T-J
5-1-
50C V
-
t -V
—....
class
Railway
Sheep
6-30
—
Paper & Box Co.,
Potash
4-15
7-15
—
Ptorto Rico
4-30
Inc.
convertible
90c
$5
5-15
Plymouth Oil Companv
Pollock
Engineering 7%
Shattuck,
10-15
.....
.
.
(accumulated)
Sharp & Dohme,
15c
common...—
Common
Co.^
(irregular)
Brothers,
Sharon
3-18
$134
75c
15c
15c
-
5-
Co.
$3
Tuckett Tobacco
'.-V
2-28
,3-15
.
$1V8 f-
&
preferred
7%
Glass (reduced).———
& Bolt.———————
Plate
Flttsburgh
3-157. V
•
2-28
50c
3-14
1
$134
•
121/2 C
—
(quar.)——.
Serrick Corp., class B
3-10
1
4-
75c
$1
25c
—,
$1%
:$1-
Security
-1
Pittsburgh Forgings Co
Pittsburgh Fort Wayne & Chicago Ry.—
Common
(auar.)
——*
7%
1
4-
tlOc
10c
65c
tlOc
———
British
of
4-
75c
,
•
3-1G "V
3-15
20c
Acceptance Corp., com.. (quar,)i._.
preferred (quar.)
...... /
,371/20
3-20
50c
(quar.)—
A
>
25c
-
SpcurUies
Bessemer & Lake Erie RR. Co.—
Pittsburgh.
Pittsfield
Ltd.
M:nes
Fashion
Full
Pilot
Gold
Crow
pref.
conv.
1
50c
(Hartford)
Co.
Phoenix
Co.
Sharon
Philadelphia Electric Power Co.—
8%
preferred (quar.)
v
4-1 vi' V 3-25
■
$13/8
t
(quar.)
Seeman
4-
$lVa
——
-"I
(quap.)
Sievens
2
12%
8
•
(quar.I—
3-10
4-1 /
$2;
7-z—
WW
«
(quar
Clark Fund iquar.)____
Second Standard Royalties, Ltd.—
Philadelphia Dairy Products—
$6
Company
Lace
Scudder,
3-20
4-
$1%
$l'/4
(quar.)——_———
(quar.)
'*
—
pref. quar,).^..'.
(quar.)
Manufacturing
Scranton
:
$5 preference
(quar.)..
common
Paper Co., $4.50 preferred
preferred
Scovill
2-28
3-
Philadelphia Co.—
$6 preference
3-10
4-1:
'
.
3-31
Troy & Bennington RR. (s-a)____.x__'_—.. ' '■&%> $5
.
3-20
3-28
51
•—
.
3-20
2-28
I10
—
——
Extra
3-20
25c
50c
—:—•
Milk
3-20
1
4-1
V
$1% ?
25c
:
(quar;)
.....
Co., common
jTruax-Traer
•'
>4;
(quar.)
3-
t5c
Quarterly
••
3-10 'V
4- -1-
:
$l3/4
■
$4
3-16
4-
X2c
$1
t4c
(irreg.)—
common
3-31
4-15
37V2C
,
—
—
Gear,
&
A
preferred
Schlage Lock
Scott
B
Distillers 5'/2%
Company,
5 Va°/o
3-21
of Wash; (Seattle) (auar.)
Co.
debenture
Schiff
—
Circle
debenture
Schenley
5
(quar.)
Peonies Nar.'l Bank
Perfect
(quar.)_
'
8%
1
?4- 1
(quar.)
preferred
$5
3-14
,
————
51
(quar.)————$1 V4
Peoples Drug Stores, Inc. (quar.)-—
40c
Peoples Gas Light & Coke Co.
51
•
1
C
debenture
3-16
./ /
(quar.)
Quarterly
'
•
3-10
3-13
50c
Additional
-
2-25
.
4-
....
common
Additional.
3-16
3-16
.
3-16
1 7
3-20
(quar.).
.Trinity Universal Insurance Co.
i,:'
;•
4-
....
....
convertible
Toronto
4
fli
2-18
:
Toronto General Insurance Co.
3-31 *.'"■3-I6
62V2c
—
...
(irregular!
Elec. & Pow. Co'., 6%
Savannah
4-20;-
--
V
-.>•
■V4- 4-' "
:
Sangamo Electric Co.
3-16
4-20
Ltd.—
.
Todd
3-18
•
%-''t7v:'' 1
(s-a)-J.J.-._-w
3-16
683/4C
(quar,)..
(quar.)_.____
Timken-Detroit
-
3-18
7
4-15
3-12
65c
^
Tilo Roofing Co.,
$1.40
3-
3-31
I3c
common..—
Coj,
Shovel
3-7
4-30
;
Land
&
Inc.,
3-24
,
t2c
J$3 V4
Tide Water Associated Oil, $4.50 pref.iquar.)
3-16
-
■1-
(reduced quar.).......
$5 convertible preferred
.
-4-10",
4- V
75c
'i
1
uy2c.
pref.
conv.
Thompson Products,.Inc.,
5: ..:• ;'• :
V3-2O-
*
1
4-
;
3
4-
3-20
30c
Ltd:,
7%-preferred
v- V 4-10
4-20"
••
jVif3c
San
3-14
3-
V
20c
•
..'
^^$1-3/4,:.
-—
-
4-
$iy4
Inc.
Preferred
Thew
2-28
••'•v 3-
43 % c
(quar.)
Corp.
Oil
Thermoid
V7:
Ite
:
3-16
(irregular)
Company
Textiles,
5
3-25
3-20
3-31
(reduced
—.X-
(quar.)____
Texas Gulf Sulphur Co. (quar.)..
3-10
3-16c
.
I
Inc.—
preferred
;
Texas
•..
3-20
6-
1
4-
25c
...
(G.),
Tennessee
•-V3V:6 /I"
••
4-
X2 y2c
(quar.).
Technicolor,
■
3-10
;4- 1
4-
— ——
Safety Car Heating & Lightingj-j^,^..^..^
Safeway Stores, Inc.,. common <quar«)w^.___57« preferred (quar.)______—
,
3-18
(quar.)
;
(quar.
.
3-
4-
Paperr common
preferred
«
25c
1
•
%:
j
A
1
t30c
'
(James),
Texon
3-10
6-15
37j/2C
Co.
1
3-16-
r
.,""25C
Sabln: Robbins
3-12
4-
25c
5%
V
i
5 7- V
3-10
•r
3-20
25c
,
1
3-20
■
-
3-16
$75c
/■V 20c
(quar,).'
Common
v
I t
3-31 4
37y2c
v
...
(quar.)..
(quar.)_________...
(Quarterly)
3
3-16
4-1
Co.
25c
t
:15c
4-
—
Tamblyn
3-20 T/
1;.
4-
-
•
3-16
3-
Canada
participating preferred
Participating
.
•3-10
4-
$1%
.
i
•".?
3-25
(interim)
■5V2V0
7
-3-14
3-16
r
3-25
3-31
tl5c
—
preferred (quar.)...
Talcott
-7.3-14
3-31
t37»/ac
.
5%
V3i-.2
: t
1
3-20
5c I
f,:-
Ryan Aeronautical Co. presumed)
3-31
3-16
4-1
>7
4-
(quar.)-----——
Corp..
Roos BrosM Inc. (quar.)_^_——
Rubinstein (Helena), Inc.,-class A
3-20
——
.
25c
Rome Cable
Manufacturing
Class
3-10
4-10
X
3-31
Tacony-Palmyra Bridge, common (quar.)
4-10 f
$l5/8
4-
V;
Si 3-10
3-10
3-28
(quar.).j
Co.
1
15c
!
(irregular)—___
of
Machine Tool
Mining Co.
&
Special
1
,
$13/4
4-15
5
i;> tv 3- 9
1
preferred. (quar.)___
Manufacturing
Swift
1
_._
Ruud
Sunshine
9
5-
...
3-10
2
9
3-
1- kr
5-
(quar.)
3-27
3-18
3-
2
4-1
.
$1%
Co.
Sylvanite Gold Mines
(quar.)_.._.._t___—
4-
1
i
4-
(qu.).
Oil
4-
/ $1V4
—
'
.....
Sundstrand
5
3-18
'
25C
1
Mines, Ltd. (irreg.)—
Co.
Sunray Oil Corp. 5'/2%
Sunset Oils, Ltd.
t$7
Robbins &
1
3-10
Assurance
5
5-
3-30
,-$3' V
(quar.)..
•quar.)'
;4-15
$13/4
V
Riley
3-14
"•:
4-
;/
$1.31 y4
—
4-10
U
Sun
3-
5-15
;
$iy4
Sullivan Consolidated
'
Stoker Corp. (irregular)..^—
Myers, $1.50 partic. preferred-...,
Rochester Telephone Corp. (quar.)....—
6 V2 '/<;
first preferred
(final)
4-
:'
>/
3-31
50c
20c
common
River Gold Mines
I/.;
4-
.
$iy2
.
4-
.
$1V2
..
1
3-16
...
4-15
3-20 4 >
^
7%
second preferred
7%
5-
3c
conv. pref.
Co., (quar.)
Manufacturing
Rice-Stix Dry Goods,
,'i-
4-15
—
preferred
Life
2-14
'2-27
^>■
—
& Co.,
Sudbury Basin Mines, Ltd.
3-21
„
■5-1
15c
(quar.).
3-10
<
a-io
i
3-16
3-16
t31%c
—
Sturgeon
3-16
25c
f
-
Strawbridge
$5
3oc
>/ $l'/4
Ltd.—
Products
Sun
I.
Co.
3-1.0
1
ii 4- 1 4
15c
pref. (clears all arrears)...
preferred (quar.)
Rneem
2
4-20
,
1
4-
•i.
/./ $iy8
;
preferred
preferred (quar.)
Reynolds Metals Co., 5VzVc
3-14
1
4-
;20C
e.
(quar.)—
& Brass—
•;
3-
v.
Engineering Co.—1.__—
Stix, Baer & Fuller, 7% preferred (quar.)..
& Clothier 5% pref.^.
."•>5-15 "•
3-21
1
25c "
(accumulated)___
convertible preferred
Steel
•:
<
J40c
,
7r/o
3-10
4-
f
125c
prior preference A (quar.)
conv.
Revere Copper
3-10
4-
87y2c
4-
(quar.)
'fX'l-; Extra
6%
4-16
"iV".'
.
partic. preferred (quar.)—
—
Stedman Brotners,: Ltd., common (quar.)
'
3-10
4-23
t75c
5%
1
.
Albany
3-16
4-10
2-20
3-20
75c
•
Standard Silica Corp., common
Starrett (L. S.) Co. (irregJ
;3-16
*i
4-
Republic Petroleum Co., com
Republic Steel Corp. common—
6% conv. preferred (quar,).
6
4-
(quar.)
Participating conv. pref.
State Bank of
3-16
(Ohio)—
5
/
3-10
3-20
'•
:
(increases
V >•
./ 3-20
4-15
••
TlOc
(quar.).—C:T~
5% preferred (quar.).:
Kv Standard Paving & Materials,
2-27
1
J61 Va
pref
I--"
4 :3-19
9
$1
(Indiana)
(quar.)
Kentucky (quar.):
5
4-
?■•?:/: 25C
$4.50 preferred
Co.
of Rec.
5-
•S1V4
•
$3 partic. pref.
3-
•;
3-31
4-
of
Oil
(Cain.)
Co.
Oil
J.)
3-
.
;
1
Oil
Holders
$iv4"
.
(quar.)
Corp.,
Co." (N.
Oil: co.
:
(quar.).^^_«--
3-20
■"
50c i„ /•, 3-31
common
3-14
Ins.
Standard
6
pref.
Products
Standard
6
J40c
1
$4.50
When
Payable
;
(A. E.), Mfg. Co. $5 pref.
Standard
i
/■ ■"
3-
•i 3-16
:•
50c
•;
...—_—;
4*:'; 1
...
C.)
3-16
,ioc ;•
■
Ltd., common...".
preferred .(quar.)__
Mills,
Knitting
.4- \lv:,
30c
75c
$2.80 pref. (quar.)
70c
$5 preferred
(quar.)
—
$l'/4
Pennsylvania Glass Sand Corp., com. (quar.)
25c
5 % preferred (quar.)
;—.
$l'/4
Pennsylvania Industries, Inc., 6% preferred-—— t$2
Pennsylvania Power & Light, $5 pref. (quar.)
$iy4
$6 preferred (quar.)—
———r
$l'/2
$7 preferred (quar.)—
:,/;...$1%
(quar.)
Co.,
Pennsylvania Edison,
(J.
Standard
I40c
1%
class A
$1.20 preferred,
i
3-14
Penn Electric Switch—
Penney
3-16
50c .j
2c
preferred
7%
t50c
t$l%
25c
75c
(quar.)
com.
Coated
12y2c
25c
—
—~■;/
(quar.)—
5c
H
75c
25c
(4uar.)__
(quar.)
Manufacturing Co. Ltd.,
Peck, Stow
3-
4-1
$!Vz
—
pid.
Co.
.Parker-Wolvenne
Penick
3-24
25c
—:
Inc.,
Pictures,
1st
7%
50c
75c
10c
50c
51
25c
(quar.)_
Companies, Inc., common
Standard
8%c
Reed-Prentice Corp.,
$1V»
(initial)—
Refining
&
i
-
(quar.)
7
3c
50c
—
.
VJ.
Co., common—
A
3-
5c
(irregular)—
Inc.
(quar.)
1
3-30
T/o
—
Aggregates,
4%. preferred
Faton
Class
^
(quar,)
Extra
&
Reed Drug
3-24
$114/
Ltd.—
Power,
&
Pacific Lighting Corp., $5 pref. (quar.)_—__
Pacific Southern Investors, $3 pref. (quar.)
6%
2-28,
J15C
Indemnity
Parker
3-14
3-23
tSl'A
20c
$1%
30c
(quar.)—,—
Co.
(quar.)
Railway
Aviation
Pacific
Park
4-1
43%c
$1V2
$2
(quar)
common
Heat
■pacific
Paramount
3-16
4-
$iy4
;.
Reading Co., 2nd preferred (quar.);
Red Indian Oil
(irregular)......
6'/o
muar.)
preferred
Paraffine
1
1
(quar.)
(quar)..
common
Brands,
\
share
*f
v-
.
Standard
2
...f*>»
(quar.)—
Staley
'
$l'/4
$1V2
25c
(quar.)
Panhandle
4-
(quar.)—40c
Debenture
Electric
Pacific
—
conv.
Co.,
Ottawa
5%
—v—
(quar.)—.—
Bank
8%
oreferrpfi
Common
3-21
preferred
(quar.)—.........
$1V4
$l'/2
$1.65
$1%
$1.80
'
(quar.)—~
;
i
Tube—
&
Elevator
\
A_———.—.—j----
common
3-31
4-
40c
$2
$ $ 1V2
>
t3c
50c
(irregular)
Corp.,
Ontario Loan
Osis
4-25s
uement—•
Sons—
series A
:
2-27
■
4-
...
5%
Co.,
(Pittsburgh),
preferred
Q'/e
(quar.)
Steel Car
$5 preferred,
of Company
tp
5-1
3-16
$iy4
Rayonier, Inc., $2 com. pref. (quar.
Ray-O-Vac Co., common (quar,);._^__„.i___
8% : preferred (quar.)....
preierred B
'■- .Name
•
.
3-
,'v
871/2 C
3-31
$5
Ralston
Rand's
6
J-. ,3-10
5-29
25c
(quar.)
4-25
(irregular)'.
com.
(quar.)
National
Omnibus
4-
1st
Raybestos-Manhattan, Inc.
preierred
pr.or
3-20
3-27
(quar.)
Co.
1
$3.50
;
Standard
2-25
prel.
preferred
prior
4-
*
1
3-25
$iya
.:
of America—
convertible preferred
Corp.
4-10
(quar.)—___
Finance Co.,
5%
Radio
3-25
preferred, (quar.)
$7.20
Ohio
3-20
3-20
60c
112c
(quar.)
preierred
$7
1
1
tlOc
———-
preferred
$6.60
3-20
4-
(irreg.)___
(irreg.).
_
$5
1
4-
•
$1
65c
rortiand
ciass
Co.,
4-
j.-ii
3-10"7T
3-20
—-
Edison
3-20
:
-
V
v
2-27
"
preferred- (quar.)
3-10
preierred—
Nova scotia Light & Power Co., Ltd. (quar.)
O'Brien Gold Mines, Ltd.
(irregular) __i..
Ohio
1
6 %■
3-16
Norwicn & Worcester RR., 8 %
Ohio Brass
3-10
6
3-
3-16
41'A
•
1
(quar.)
(quar.)
•"4--T"
preferred iquar.)
Co., 5%
3-17
Power,
btates
Pure Oil
.4- 1
1
.
Electric Corp.
oz
Gas
preierred
.
Northwestern
3-10
3-
.
3-31
.
25c
15c
.
Mines Co.,. Ltd.
Ontario
1 ;
:„,.,$! 1/4.
(quar.)
4-
75c
(quar.)—,
Co.—.
"Normeasoern Water
4-
(quar.)__.
Inc.
Co._——1.--
preierred
prior
North
Pullman,
50c
-
B
5
Per
i
Squibb. 1 E.v:R.); &
Quaker Oats Co. common (quar.)
6(/o
preferred (quar.)..
Quaker State Oil Refining Corp
20c,
87'/2C
—
A
cia^o
3-
4-
25c
(quar.)
(quar.)
uayun,
1
-
of Rec.
3-31-
ooc
cl. A
Corp.,
(quar.)
American
Class
—-—.
Finance
preierred
Norm
4-
,,—
Payable
Gas—
preferred (quar.)^....^.^-!
$5 preferred
to
"
approval
Electric &
•$pnday, March 16, 1942-
Holders
share
Name of Company
\y
Public Service
When
3-16
3-
2
tunc
30c
....
1
3,at
J-JO.
3-31
3-21
Volume 155
Number 4055
THE COMMERCIAL & FINANCIAL CHRONICLE
J*;'I fv
When
Per
"
Name of
Cbmpany '
Vick.sb'g, Shreyep't .& pqcjyc JRy.,
5%:
preferred
Victor
Holders
''
3-
Co,,
pref."
(quar.)it.:; "
$1
5
Victor-Monaghan Co., 7% (pref.
Viking Pump Co.'((Del.),: common__„___^__
"• $1%
$2.40 preferred
Vinco Corp.
(irregular)
..—60c —:
*3-20
|
3-15
15c
3-15
Virginia Eleci & Power Co., $6 pref. (quar.)
Virginian Railway, common (quar.)l
V $l'/a
4-
50c
V
•
3-15
:
-62 Vac
--
Ay(quar.)^_*__—>
preferred; (quar.)
LL$6
3-
i
3-27
1.4
5
I
Western
Assurance- Co.:(Toronto)
9
'
Western
6 %'
preferred
(quar.)
6 %
preferred
(quar,) '__;
5-11
37l/aC
—
; 4-18
I
$1.75
i
'
'»
Co./ ^om,
Detinning
37V2c
8-
1
fv 7%
preferred (quar.
Wacker-Wells Building Corp.
-•
4-
1
&
Inc;
Stationery Corp.—
'
3-15
preferred
White Motor
j
White
'2-20
>
'
6-1
2-10
4-
3
]
|
f
1W- 5-15
♦
4-
25c
,
1
;
;V
3-14
Co.i™^—
.
50c
4-1 --! i 3-16
ioc'
(quaf.)
'
25c
^
•
•••'
4-' 1
$l'/4
t 4-
1
$1
4-
1
1
$1»A »■".* 3-31
5% preferred (s-a)
1i ii. Si U
!
-
3-20
4-
1
1
4-
1
3-18
J25c
4-
1
1
6-15
5-
1
4-15
5-
l
4-15
"i 8-
1
7-15
8-
1
$iy2;v
11-
2
10-15
$i
11-
2
10-15
t25c
:
$iv2
$t
Wisconsin
|
6%
3-16
;
Electric
preferred
Power-f- : - v.
(1897)
(quar.")44
i t
i
of the ruin visited upon the
in 1917 and 1918.i
Railroads For The Calendar Year 1941}
..
.
>
preferred
4-30
3-16
3-31
3-21
!i
•
$10c
4yV
3-
3- 5
4- 1
,
2-25
4-20
5
25c
5-
1
4-
I ;
3-20
$l3/4
4-
1
3-20
.V
3-15
t$l
25C
Mfg. Co., common—;
W-
4-
4-
l
:
4-
1
t2c
(irreg.i—
3-16
'
3-16
v
3-10
4-
25C
I
3-16
-•
3-20
$1%
•
(irregular)-
Mercantile
3-12
1
;<
25c
$1%
3-7
1
3-16
*
2-28
Institution—
Quarterly
Quarterly —i-„_—
Quarterly
-
3-15
3-15
$iy8
Consol., class A_-^-_-
Door
3-16
V - 25c
—
(quar.)_______—
Steel
Co-operative
3-10
3-27
■>
:
5 '/2 %
Zion's
3-20
$iy«
3-16
50c
:
3-
5
50c
6-15
6-
5
Vr4 50c
9-15
9-
5
••
Quarterly
12-15
'.50c
'4 7-15'iV H
12- 5
■
'Transfer books
;
;
not
closed
this
for
carriers by such operation
1' -le?" •'.
;
operations in the United States for the cal-i
;sketched inclined the United States steadily toward j
endar year of 1941 were dominated, like almost everya vast output of war materials.
Before the country
thing else, by the national defense and war measures
actually became involved in the war, this program
/ which steadily became more important and vitally nec-f
already was far advanced. After the events of Dec. 7 M
; essary during the course of that fateful year.
The great'
and IT, war production was the only order of the
;
/ carriers enjoyed a measure of apparent prosperity, for a
V. day that had significance, and the railroads were 1
tremendous traffic developed progressively throughout
stimulated into even greater, activity than during
i 1941.
There were some important offsets to the earn¬
earlier months of the year.
■"
ings .thus realized, however, and bthers are certain td
For much of 1941, however; the railroads operated
develop, now that the United States is fully engaged in a
in nominal peacetime circumstances.
; World War.
The changeover
All ordinary considerations of railroad procedure nat¬
is perhaps best illustrated by the extraordinary move¬
ment of troops from the Eastern to the Western part of
urally vanished when the treacherous Japanese attack
on Fearl Harbor projected the country into war;
The i "the; country,: following Pearl Harbor.
Facilities were
} merging of the European and Asiatic conflicts thus was
devoted to that movement on a tremendous scale, and
.
,:
'
;
/
.
.'
:
deductible at the source.
a Less British income tax.
Non¬
to the public
by comparable freight rate and passenger
Application promptly was made by th£
carriers for such increases, and on Jan. 21, 1942, the
Interstate Commerce Commission granted the passenger,
fare increase of 10% sought by the railroads. This means
some $45,000,000 in added annual revenues.
fare increases.
The Interstate Commerce Commission
;
.
dividend.
tOn' account of accumulated dividends.
t
tPayable in Canadian funds, tax
resident tax, 15%; resident tax, 2%.
: 4-15
military and diplomatic events thus briefly
Railroad
'
preferred (quar.)
Young-Davidson Mines (Ltd.)
Youngstown Sheet & Tube—
*
3-11
50c
(quar.t—
Checker Co.
Youngstown
unless it proves absolutely unavoidable.
This encourag¬
ing arid heartening statement was most welcome, in view
Gross And Net Earnings Of United States
—
—
Co.—
Truck & Coach
1
3-27
j._
1%
4
,
->^^4
lj_444__
:
Class B
3-14
7-
Yellow &
^3-10:i)4-t:
3-18
——4
—
preferred
Yellow
3-14
4-
75c
;
:,■;■■■
3-10
$m
*;
isxtra
3-14
3-10
$1%
.
7%
3-16
3-17
4
(quar.)
(Rudolph)
3-11
4-
50C
•
Monthly
Wurlitzer
3*16
4-
.$1%;
v h $i:
3-26
2-13
t50c
Machine, $4 convertible pref.
Whitmanr (Wm.)5 Co.? 7%
pref.- (qdar.i^ii_
Wiebolat Stores^ Inc., $5 prior pref;
(quar.)
6%
preferred
Wilsil, Ltd. (quar.)
____i
Quarterly
Winsted. Hosiery
^...:;
Extra' ^
:
Sewing
r
3-16
4-1
•'■:;4r l
$3(4
3-12
$l3/4
Co.
1
♦ 1%
4'/2%
prior preferred
'quar.
■yV
Wright-Hargreaves Mines, Ltd. (quar.)«^_„^. ;!
Wrigley (Wm.) Jr. & Co. (monthly)----—-
3-16
1
Salt
2-28
4-
t$l3/4
:
:•!'
3-16
1
3-16
:
1
44-
■:
*
'1506 '
4-
:
25c
t20c
(quar.)_
2-28
3-10
15c
Steel Co.,. 7%. preferred
Lothrop, common (quar.)
&
2-28
.
25c
(quar.)-*^^^.-fcta_ta„_w--^—
preferred
of Beat
3-16
t$2'/2
*:
Worthington Pump & Machinery Co.— »*
4y2 % convdrtibie prior preferred (quar.)_
3*20 •"
2-H i:
25c
/
Wesson Oil & Snowdrift Co.
-3-10
-
4-1
3-16
$1
-
:
j
5-15
6-
$2Va
Co.,'Inc.—.
Wellman Engineering Co. (initial)
Wells Fargo Bank & Union Trust Co.
West Indies Sugar Corp.,
2-20
v-3-27"- ^ 3-18
$1%
preferred'^'i:ii„i?i-^
first
-
4-15'
75 c
T
'
participating
•
3-16 •>
50c
J.
(quar.)!,
& Fixture
i
"
;
3-20
_
v.:
25c
__
"
3-16
$1%
-
(quar.)i____^__.„_„._____i:-;;
Weber Showcase
3-20
2-20
3-16
?. 25c
'
Waukesha Motor Co.
4-1
,
$1
v)
(irregular)i___i_____
Washington Ry. & Elec. Co.—
$2
v
(Alan)
■i%
I.
$l'/4
- Inc.- (qua-r.)^.-4»ilw*iw*---(George)', Ltd. (quar.)_
j
Wheeling Steel Corp., common (irregular)
v
$5 convertible prior preferred (quar.)l_J.^ '
Whitaker Paper Co., common (quari)_1% - preferred (quar.)_>^____.
i
'
,/ri,
RR.'
5%
2-16
<
____
D.), Co.
43%cL
f
-Westmoreland,
r3-20
•
40c
Wood
'
$V/«
t$2.912/3
Light Co., 7%"pref
&
Holden
Payable
3-15
—
Woodward
;:
'
preferred
Worcester
Westmoreland Cdal
i
2-28
3-2
••3*16
•
25c
(quax.) T'
.v^..v.>J:^v---Y
$1 preferred (quar.)_w_—
Warasutta' Mills
5% preferred
;r-
3-20
:
$1»/B
'•
L,1
3-27
"
-preferred (quar.)
"Westmghouse' Tur": Brake
4-10 *
3-i6*
50c
(irregular)
6'/o
Power
Wiser Oil Co.
3-14
1
3-20
Weston1
;
3-17
1
4-
2 Vic
(quar;)_^L—'
preferred
5%
]
3-10
r
Common
(S.
4-20
-
t
•
Waldorf System,
Warren
$i%
50c
Walgreen Co., common (quar.)_^i^____b.j.
Walker (H.) Gooderbam & Worts, Ltd.—
Warren
3-20
••
Wagner Electric Corp, (quar.)_j—
Waite Amulet Mines, Ltd;—*s:>. :/+<•
4 >/2 %, preferred' (quar.)
4-
$l'/4
Western Tablet
7-18
K
Wisconsin
'
$iy2 :>
(irregular)
L,r
3-10
t$1.20
(s-a)____
(quar.)-i-i:^—,■
Light & Telephone CO.—
'
Vulcan
3-16
When
share
Wisconsin Michigan Power, 4y3% pref. (quar.)
.
Extra
'
r
i
,
•
preferred
Western
3-14
3-25
25c
Exploration "'Co.
3-17
Per
Name of Company
of Rec.
4-15
a:
32'/2C
3-
-
Holders
3-30
^
$lVs
■
When
:
" Payable
$1%.
V
.14—
West Virginia Pulp & Paper (reduced)
West Virginia Water Servicfe Co.—
)
1
share
3-
-3-20
-
3-
'
Name Of Company
Common.'' (reduced>•
j
3-
"
,
West ;Penn Electric, class
West Penn Power,? 4 (4%
-3-! 7
*3-16 "
*H50c
convertible
j
7
•"
-
Equipment
Per
A*
Payable' of Rec. I
$2% ;V 4-1
wt:
V$2V2
(s-a)
com;
'
share
'
ioai
down its
ruling March 2 on
riers for general advances in
of around 8 to 10%.
The
increase
creases
of
6%
most
on
certain
on
finally handed
the application of the car¬
freight rates by an average
Commission
freight and
classes
of
permitted
more
commodities.
modest
The
an
in¬
effect
.
.
:
-
signalized, for Germany and Italy declared
j the United States
Dec. 11.
chinery of the United States soon began to roll out war
■
materials
.
on
greater scale than during the lend-
even
on an
lease period of aid to Great
.
after the turn of 1940 into
Britain, which began
1941.
-
tensified
(
and
•
and
The railroads
tax
precision,
even
the
an
all-out
program.
<
offered, and carried with speed
i
became
as
the
an
amount of traffic
facilities of
enormous
no
;
longer
was one
)
mately. ' The requirements for rolling stock obviously
may exceed the supply, especially if jams develop at
coastal points
that began to. r
gigantic sys-
our
for
The problem
are
i
|
ing the traffic available.
(;
;
'
of the railroads naturally
advanced sharply, in these circumstances.
The financial
returns increased to a degree that made 1941 one of the
best years in the history of American railroading, before
taxes are taken into consideration.
The prospect of ever
'
•
-
.
The
of
the
European conflict influx
enced American affairs profoundly and to an ever in-r
into
"
war.
course
creasing degree.
When it appeared, early in the year,
that Great Britain would.be unable to pay for war ma;
terials needed from this country for prosecution of th^.
;
war,
;
lending
financial assistance was extended in the form of
and leasing:
American warships were made
available to Great Britain in return for rights to estab¬
.
lish
and
t
f
military bases at various points in nearby
on
American
the
Continent.
After
waters
Russia
be
settled, for the railroads are vital to the war effort.
price problem affects the railroads, as it does all
other elements of our economic life, and much hinges
upon the success or failure of Price Administrator Leon
brought into the vast conflict by the unprovoked Nazi
22, 1941, war supplies also were sold to
the Communist regime.
>;
' f
-
Henderson," in his efforts to keep inflationary developr
ments to
•
a
minimum.
"
There
some
$250,000,000 of fresh revenues, as against
requests for advances netting about $360,000,000.
The new rates, which the carriers considered acceptable,
will apply for the duration of the war and six months
their
after it ends.
Turning
now to the actual
for last year, we find
than $5,342,255,003,
statistics of railroad opera¬
that gross earnings totaled
against $4,288,847,139 for
1940, a gain of $1,053,407,864, or 24.56%.
Operating ex¬
penses naturally were up as well, but they increased
in a much smaller ratio, since every effort was made by
the railroad managers to maintain the highest efficiency.
Accordingly, net earnings increased to $1,682,327,593 in
1941 from $1,207,437,133 in 1940, a gain of $474,890,460,
or
39.33%.
In the following tabulation we show the
totals for 1941 as compared to 1940, both for the full
annual periods and for the first six months and the sec¬
tions
no
less
ond six
months, separately:
were
some
important
occurrences
in 1941 which
and
prices
concerned.
'Chief
these was a
settled by heavy
grants to railroad labor. Vastly increased payroll charges
wage
are
among
controversy,, which finally was
resulted,; and these must: in ony way or another be car^
or
passed on to the public.
The upshot will be
inflationary in tendency, and it may be added that there
are
many" Administration < activities in the so-called
"social'' sphere which inevitably will have a similar ef¬
fect. The possibility of a sizable general price advance,
partly inflationary in character, is hardly to be ruled out.
ried
The wage controversy was one of the primary de-
velopments
the
in
railroad world during
1941.
•
It v
took its rise from demands by the railroad brother-
f
1940
1941
Mileage of 132 roads....
Gross earnings......... $5,342,255,003
—632
—0.27%
*4,288 847.13° + $1,053,407,86^ + 24.56%
3,659.927.410
Ratio of exps. to earnings
Inc. ( + ) or Dec: (—)
232 824
232,1°?
O^cratl^g expenses.....
3,081 410.006
+ 578,517,404
+
18.77%
(71.85)
(68.51)
'
Netearnl-gs......... *1.682.327.593 *1.207.437.133
+ *474.890,460 + 39.33%
First hix Months
1941
lecond Six Months
1940
1941
1940
Gross earrings....;..
$2,420,002,097 *1,991,775,776 $2,922,252,906 $2,297,071,363
1,677,434,043 1,495,702,033 1,982,493,367 1,585,707,973
Operating expenses...
$742,568,054
Net earnings......
illustrate the problem of the railroads, in so far as costs
was
attack of June
have
The
now
*{ ter/ ahd accounts in large part for the depressed values
still prevalent in the financial markets for many groups
1 and classes of 'railroacrsecurities;t
>
Ul The year of 1941 was crowed with highly sensational developments, iwhich gradually projected__ the country
equipment and by rapid loading and unloading.
Both the controlling authorities and the shippers, gen¬
erally, are cooperating in this endeavor.
J Maintenance of way is a matter that may tax the re¬
sources in manpower of the railroads, if vast armies are
raised for the war fronts.
But this is a matter that must
higher Federal levies to pay for the war in which we
are engaged places a different aspect on the mat*
'
endeavoring to meet this possibility by increasing
be, it is estimated, to add $203,000,000 in annual
the basis of 1941 freight experience.
To¬
gether with the passenger fare advance, the carriers will
their
Both gross and net earnings
r
where troops and materials are assembled
shipment to the various war fronts.
The railroads
,
of seeking business, but of handl-
tern of carriers, in the spring of 1941.
!
There are, on the other hand, some broad general con¬
sideration which are certain to affect the carriers inti¬
j
effort in-
finally
were
j
faded,,
war
steadily into the background,
♦
perhaps even hazardous.
Prophecies as to the 1942 and
subsequent earnings and conditions of the railroads as¬
suredly are not in order. ' ' .V.;* :r.
».
soon
'
(
Seasonal considerations of railroad earnings
.
it is evident that similar traffic problems may have to be
faced at any time in the future.
In itself, this makes the
future of railroading in the United States uncertain and
against
The vast production mawar
will
revenues, on
$496,073,743
$939,759,539
$711,363,390
The earnings thus tabulated are, it is to be noted,
among
the best recorded for American railroads in
any
the
1920's
period.
year or
was
The traffic offered at times in
1
heavier
even
than
that
carried
last
and net earnings somewhat ex¬
ceeded 1941 returns in such peaceful and prosperous
year,
and both
The difference is not great, however,
years.
ially
gross
as
that
over,
enormous
earnings.
the
All the
sion of
will
traffic in the
war
would
seem,
continue
period which
espec¬
more¬
to
carry
now
faces
much of this will be military traf¬
important, therefore, is the remis¬
the country, and
fic.
It
railroads
net
to
more
some
of the special land-grant rate privileges
1940, in connection with United States
granted in
..
In
-
the
late
summer
of
1941
the
possibility of early
involvement of Japan and the United States became ap¬
parent, owing to embargoes on steel and oil shipments
to Japan, applied by the United States, Great Britain
and the Netherlands East Indian Government. • After
'
protracted negotiations of ordinary and special diplo¬
mats in Washington, the Japanese attacked on Dec. 7
j
their historic raid on our
-
with
v
Pearl Harbor.
main Hawaiian base at
This attack and the sequential
war
dec¬
hoods
for
figure
doubtless having been selected in
increases
wage
of winning more
of
30%,
this
moderate wage gains.
exorbitant
the
Government traffic.
hope
The calcu¬
lations of the rail labor leaders were precisely borne
remains
;
out by events.
the
usual
preliminaries and the setting of a
date for a strike vote, the President appointed a FactFinding Board to attempt adjustments. This Board rec¬
ommended temporary wage increases, at first, based
European members of the Axis carried
the United States into the world struggle as an active
upon
participant, with all that such participation implies.
What it implies specifically for the railroads is,
road labor leaders were not content with such sensible
of
are
that
it
will
be
handled
expeditiously.
Joseph
B.
Eastman, Chairman of the Interstate Commerce Commission, was named by President Roosevelt to coordinate
i
transportation facilities for war requirements, and
the long experience of this able administrator is sure to
prove valuable.
One of the first actions by Mr. East¬
man was to assure the railroads that Government opera-
all
,
i
tion,
as
in the first World War, will not
attempted
higher living costs, and urged wage adjustments
on the basis of living cost indices.
The rail¬
thereafter
suggestions, and
strike was set for Dec. 7, 1941,
At
Board hastily was
Board, and a strike was
averted by the triumphant announcement on Dec. 1 that
a basic and permanent rise of 10 cents an hour for nonoperating employes and 9V2 cents an hour for operating
employes had been decided upon.
This meant an in¬
creased wage burden to the carriers of between $300,000,000 and $325,000,000, annually.
Fortunately, the Presidential Board was not unaware
of the implications of this action.
A suggestion also
was made that the added rail labor costs be passed* on
the
last
a
moment
converted
into
a
the
Fact-Finding
Mediation
.
into semi-annual periods
instructive, for it shows the full effect of the
as they developed in the course of last
measures
1941, lend-lease aid to the
getting under way, while vast
progress with this program was evident in the latter
half of the year. ; This tended to increase the rail traffic
progressively, and absolutely unprecedented war orders
by the United States Government on its own account
made the wheels of war industries spin additionally in
the closing months of last year.
Weather conditions, which often affect railroad earn¬
ings and operations to a considerable degree, were rather
generally favorable during 1941.
In this respect the
year was even better than 1940, when floods were re¬
ported here and there.
The agricultural crop was ex¬
tensive, especially in some of the Western areas which
previously had gained the sobriquet of the "dust-bowl."
Government
planning in agriculture continued, and
probably offset some of the benefits of large crops.
Strikes played an important part in the affairs of the
country last year and therefore, affected railroad opera¬
year.
After
larations by the
course, war service without stint and with profit only a
secondary consideration. A perfectly prodigious volume
of traffic will have to be handled, and all indications
war
'
•'
Our division of the earnings
In the first half of
Democracies
tions.
was
only
Of foremost
interest; in this cohiiection, is
a
strike
;
//
;x-
& FINANCIAL CHRONICLE-
THE COMMERCIAL
1082
PRINCIPAL
in the bituminous eoal mining
previous year, as did the gross /earnings of; the' roads..
The figures reveal further that the* greater amount of
traffic was largely attributable to increased activity of
the iron and steel industries together with the resultant
industry which continued
throughout- the month of April,11941,; and sferiously cur¬
earnings Of the carriers in the affected regions,
for the time being.
Mining came to a complete halt in
the vast Appalachian field and also in much of the Mid¬
dle Western areas.
There was, however, both advance
tailed
buying
•in
-some
small degree....
£&
•
carriers of the country were able to better
their financial affairs, as a consequence of the relatively
favorable earnings.
Good progress was made in taking
The great
i
■
-
*
•
V
'
improved
their
Au'omcbiles (unRs):
branch of economic activity contributes
operation of all others, this is an
cessful
important
link in the chain,/
Through their equipment buying the carriers contributed heavily to betterment of the durable goods■
matter, for the railroads are a vital
'
~.
industry.
.
/
.:
/
.
f
.'//+, /■-; ;
/ /.// //,U; '///
+;/
■
/cars,
.
devoted principally to refunding,
the issues for that purpose amounting to $227,833,000|
as against only $144,456,000 for new equipment.
It may
be added that as the country settled into the war, rail¬
road equipment buying was limited chiefly by prob-j
lems of priorities and deliveries.
//;/
Comparison of the railroad ^earnings statistics on; a
month-by-month basis for the years 1841 and 1940 re¬
flects that general and generous improvement to which
we
have already alluded.
The,vast traffic carried by
the railroads made the upward curve of gross earnings
an impressive one.
Net earnings gains were somewhat
curtailed toward the end of 1941, on a comparative basis*
owing to the need for meeting the increased wage
charges decreed by the Presidential Board.
Seasonal
expectations of the carriers were almost entirely set
was
the overshadowing war requirements.In the
following tables we furnish comparisons of the monthly
totals for 1941 and 1940.
aside by
i/ZZ
Gross Earnings
% " '
V':'
376,628.399
January^.
Mileage
Inc. (4-) or Dec. (—)
1940
1941
Month
R
344 859.189
+ 31.769,210
+0.21
+ 44,711,515
+ 14.29
1941
232,431
232,415
1940 i
232,82$
233,052
•
,
Barley
*
<
r:
November.
457,016.549
December..
479,573,554
381,156,620
September.
October
.
+ 98,416,934
....
+ 29.66
232,199
232,821
232,110
232,749
232,081
232.682
+ 21.95
231,980
232,660
+ 25.82
231,911
232,492
Inc.
(+)
or
%
January,:,
February
March....,
May......
+ 39,486,247
+ 12.94
233,093
276,341,857
314,460,087
326,243,592
320,764,087
342,532,854
April......
1940
305.232.033
344,718,280
312,749,442
-,
Mileage
+ 36,407,585'
+ 13.18
233,010
281,513,409
301,993,228
1939 r
+ 11,781,605
i+3.75
+ 13.04
232,976
232,92 J
233,617
+ 39,250,678
+ 40,539.626
+ 13.42
232,819
232,786
232,750'
232,772
233,530
233,399
233,383
*
•
June.'
344,055,653
320,991,928
+ 23.063,725
+ 7.19
365,279,280
331,878,000
+ 33,401,280
+ 10.06
August....
380,673,990
343.809.034
September.
381.863,424
+0.37
232.708
October...
412,774,363
374,628,835
—6,160,611
—1.47
232,632
233,369
N svember:
380,437,002
418,934,974
367,571,031
+36,864,956
+ 1,426,422
+ 10.72
+ 1.92
232*629
233,321
December..
381,011,167
344,463,789
+7,057,804
+ 36,547,378-
+ 10.61
232,439
233,162
+ 149,71.4
81,193
Net
.,
■
12,555
8
,
: 15,008
173,908
,16.291
102.734,685
73,008.615
132.899,823
_
March
78,414,722
75,6 6,337
......
Auril.
May
100,508,419
145,3*8,136
.....
Note—Figures in above table issued by:
7,169.421 19,731,520
v*
'
-
/'*
'
stock yard companies
k "IcoivAge.u'- I Arrericau Iron
city, -h New York Produce Excharge.
Steel Irstltule,
m Nationt.1
Luir.lrer Manufactureis*
in each
and
of reporting mills varies
in different yeats).
•
1
Association
156,128,607
121,465,161
December....
127,039.075
year
compared with 48 roads in 1940
In the net earnings category 72 roads were
of 1941 over 1940
1939.
over
as
able to show increases of
with
34
and
increases
to the roads
now
$1,000,000 or over as compared
decrease in 1940.
Turning
one
■
individually, we find that the Penn-i
usual, headed both gross and net earnings
$136,447,755 and $32,225,158
in gross, and met-, respectively".
The New; York Central
was second to the Pennsylvania in improvement in gros?
earnings with an increase of $77,243,780, but was able
to translate only $24,480,649 of this amount into an in-|
crease over its
1940 net figures.
The Southern Pacific!
showed up well with an increase of $70,563,511 in gross
sylvania,
as
1940 with increases of
over
$31,331,0.72 in net.
fourth
was
in
; The Atchison Topeka & Santa
listing with an increase of
the gross
$55,040,009 and third in net increases • over -1940 with
$27,785,938. " Other roads showing; substantial: increases
included the Baltimore & Ohio, Southern, Louisville &
Nashville, and the Missouri Pacific.. Exceptionally good
results were shown by the Duluth Missabe & Iron Range,
Louis
Southwestern
Pennsylvania-Reading
the
and
of $1,009,000. in botlj
excess
gross and net:
"
PRINCIPAL CHANGES
ENDED
*7
.
\
•
•
"
.
IN
EARNINGS
GROSS
THE
FOR
12
Denver & Rio Gd. V/est.
Min. St. p & S. S. Marie
55,040,009
Gulf
--—.
49.927,736
Kansas
Ohio—
48,327,557
Pacific
Mil. St. P. & Pac.
Chic.
Pacific
Missouri
S
+ 14.03
+4.77
+ 44.34
+ 9.54
Increase (+ ) or Decrease (—)
%
72,810 660
+ 15,242,192
+ 20.93
56.2^2,821
+ 16,645,922
March
78,332,834
74,688,343
+ 3,644,491
April
75,627,655
54,422 823
65,198,328
+21,204,832
+ 25,296,308
+29.60
+ 4.88
+38.96
+ 38.80
79,770,812
90,457,197
+ 12,539,546
+ 15.72
Fred.
N.
Cinn. N. Or. & Tex. Pac.
Wheeling & Lake Erie.
24,776,548
Chatt.
& St.
& Hart..
21,937,247
Western
21,567,945
Spok.
Maryland
Port. & Seattle.
Chic.
&
Erie
Burl.
& Quincy..
N.
19,890,113
Chesapeake & Ohio__._
17,517,163
Chic.
Norfolk
Y.
Wabash
'
figures cover the operations of the New York Central and the
lines—Cleveland
Cincinnati
Glancing
■
surpassed 1940's total by $474,890,460, or 39.33%. Turn¬
ing to the district grouping, we find that the Eastern
District showed the greatest improvement over 1940 in
the gross category with an increase of $451,508,530, but
in the net increase classification honors for the greatest
increase
of
to the Western District with
went
crease
divisions,
or
the regions,, shows a substantial increase in
by all eight regions. How¬
both gross and net over 1940
ever, the; Central Eastern region -attained the greatest
gain in gross over the previous year with an increase of
$237,237,855 and the Central Western achieved the high¬
est increase in net with a gain of $87,675,578.
As usual,
we now present our summary tabulation in both gross
and net.
Our grouping conforms to that prescribed by
the Interstate Commerce Commission and for the boun¬
daries of
';,//
SUMMARY, BY GROUPS—JAN. 1 TO DEC.
1941/Z //; 1940
District and Region
Eastern District— % >
V's I v*
..«
.
rojMl8)'/-///.Z//i:.
'
///'•, ://•
•
■
jpfarltf*-*''''
Southern
Southern regton
-.■■r*'
<26-roads);-//
roads)// :
Total (30 roads)
7'...;...:.. 1.010,534339
Western District
/ 609.878,308
502.750,306
tral Western regkm (16 rds.)
093,114,433
398.037,250
310,082.478
roads).
Southwestern region (20
2,001,030,081 1,591,115,684
Total (51 roads)
Total all districts
11,519,870
Penn.-Read.
9,270,885"
Long
& South.
St.
Eastern DUt.—
Z
Mileage
(2
rds.)
2,20Z,217
2.055,556
Chic.
Detroit
Tol.
November..........
115.868,592
111,985,513
+ 3,883,079
+ 3.47
Elgin Joliet & Eastern.,
7.249.566
Atlanta
Birm.
December
115,841,994
96,149,168
+ 19,692,826
+20.48
Missouri-Kansas-Texas.
7,029,176
Minneap.
Texas & Pacific..!
Pittsburgh & Lake Erie
Pere
6 692
6,715
64.893,7'8
26,059
26,1?6
287.030,161
24,446
24.516
341,804,056
45,5*4 £48
211.233.511
266,131,028
Total., r-/—--
57,197
57,367
693.727J65
522,009,087 + 170 818 878 + 32.67
region.
reg't
38,036
38,230
6,068
225,274,776
147,568,301
1*0,773,520
+ 84,501,256
6,082
122,067,249
+ 24,591,052 +20.00
44,118
44,208
372.833.077
263.740,769 + 109,032,308 +41.26
in 1941
the figures in the tabulation below
revenue freight over the roads
in not quite the same proportion above the
from
loadings of ail
rose
•+75,796,650 + 35.88
+ 75,673,028 +28.43
Southern Dist.
Pouthern
Pocahontas
t
Western Dist.—
29,146
130,877 131,150
Total...
Total all districts 232,192 232,824
V
+60.03
Commerce Commission,
groups
and the following
Vermont
1,459,428
New England
•
7
Great lakes
EASTERN
I e'don—Comprises
1.368,886
New England and the westerly
1.231.241
a
&. Coast
1,207,137
S. Louis..
Pitt. & West Virginia..
1,136.459
east of a
1,125,262
to the mouth of the Ohio River,
6,096,993
Norfolk: Southern
/.—
1,081,591.
and
&
&
Si
..V*<;•
the section on ti e
Canadian boundary between
shore of Lake Michigan to
line from Chicago via Pittsburgh to New
Chicago, and north of
York.
.
,
A
I'eoion—Comprises the section south of the Great Lakes Reeion
li-e from Chicago through Peoria to St. Louis and the Mississippi River
Central Eastern
a
lire
tbence
to
Parkersburg, W. Va,,
Maryland and by the Potomac
aDd north of the Ohio River to
the southwestern corner of
River to its mouth.
SOUTHERN DISTRICT
t
•
•
Total (82
:——
roadsj__$l,033,883,116
of the New York Central and the
leased lines—Cleveland Cincinnati Chicago & St. Louis, Michigan Cen¬
tral, Cincinnati Northern and Evansville Indianapolis & Terre Haute.
Including Pittsburgh. &. Lake Erief .the-reault.4s-an- increase of $83,340,773.
>
;
i
the operations
Z
DISTRICT
Region—Comprises the New England States.
Ironton
Ind.
the clarification of the Interstate
indicates the confines of the different
.
•
1.528,097
Louisville
5,770.542
.5,599,362
1682,327,593 1207,437,133 + 474,890,460 + 39.33
and regions:
1,594,944
•■
Georgia
N
,
Connecting..
New York
Central
+43.56
+ 50,109,960 +65.36
76,662,007
NOTE—Our grouping of the roadf* cot forirs to
1,613,027
6.343,112
cover
(t~)
%
+ 19,349,200 +42.*8
New Erg. region.
6,040.987
>9,219,386
+
■:,.i *
;
Cent. East, reg'r
1,610,190
Lns.
Island
7,395,183
...
Inc. (+) or Dec.
19^0
HH1
Great Lakes reg't
,
Seas.
Delaware & Hudson—
figures
Z.
'••'■;:■ S
1940
Wl
2,232.864
Min. & Om.
—7.58
Georgia.
Earnings
,'2.191,425
P.
—11,232,029
Pacific
+409,914,397 +25.76
420,787,277 + 194.979,274 + 45.00
Chi.
Marquette
+87.954,772 + 28.36
,
+ 24.56
(132 roads).: 5,342,255,003 4,286,847.139 +1053,407,864
Reptor:
District <tc
2,253.940
Arkansas/
&
"
Colo.
Western.
778.282,000
2,353.523
N.. Orleans & Northeast.
148.098.290
appears
+ 107,128.092 +21,31
+214.831,533 + 27..60
—
Northwestern region (15 roads)
Ce
615,766,551
Erie.
Virginian
,
136 866,261
car
+ 101,984,937 + 23.45
+ 87,675,578
October
These
818,540,402
«•
2,569,384
& .Lake
7,474,593
It
698.242,859 v 545.276.355 <+152,966.504 + 28.05
+39.018,433 + 14.28
312.291.480 V 273.273,047
•••
Pocahontas region (4
Mex.
Central
Maine
8 977,734
7,614,044
that
+451.508.530 + 24.03
+237.237,855 425.06
+ 57,193.736 + 40.03
Louis Southwestern
earnings.
2,330 690,583 1.879,182.053
142,864.679
Central of New Jersey.
of
x%
201,260.591
11,605,619
Dul. Mis. & Iron Range
Western
•-
+ 172.533.427 + 21.65
200 058.415
—5.76
Central
.'■■
•
i +41.737.248 + 24.77
288,936,169
126.771,067
+ 17.64
presentation of statistics
relating to the activities of industry and agriculture,
which form the foundation for railroad operations and
Inc. (+) or Dec. (—)
J68.491.828
796,875,236
913,814,989
969,408.663
...
Central Eastern region (18 rds.) 1,151,052,844
Total (fil
-
<
/■/„/ *
///<
S
210,229.076
England region (10 roads).
Greet I akes region (23 roads)
/ >;'
+ /,:'■////;''
31
*
Earnings
56,368
+ 15.00
usual
.
Gros8
New
consult the footnote be¬
the different regions
low the following table:
45.655
—7,480,143
our
increase
an
converted into a percentage, an in¬
of 45.90%/ A quick glance over the smallest sub¬
$194,979,274
29,050
+ 17,064,686
to
f
the results of the railroads as they ap¬
over
56,272
+ 13,566,414
now
increase of $26,-
an
:j.'■:/,
•
45,5*6
96,767,942
St.
is
result
Couth west'n reg'r
13,534,110
&
the
Ncrthwest'n reg'i
129.871,715
turn
Evansville
Erie,
Cent. West, reg'i
122.391,572
We
and
Lake
&
Michigan Cen¬
Indianapolis & Terre Haute.
Chicago & St, Louis,
Cincinnati
Northern
Pittsburgh
2,662,400
Bessemer
Francisco
—
Lack.
, i■
..
2,725,181
Louisiana
Lehigh Valley
Del.
j
2,758 337
13,795,887
Maine...—
&
..
Northern
Gt.
Internat.
14,948.293
St.
3,570,235
Clinchfield
15,768,119
L.-San.
i»- -i ■ r
Chicago Great Western
16.260.576
16,117,937
12 roads)
Boston
v
2,877.951
Louis
&
...
It,.Ea6iera/:.!3^226il45 .1 j Total (7,2,yoads).'w_^$457,136^645
2,903,494
Western—
&
Chic.
v
*
Southern
16,631,693
—_w
Rk. Isl. & Pacific
&
Gt.
September
July........
-
in .group form, ,we find that the gross; total,
all
ihe districts exceeded 1940's total by $1,053,407,864, or
24,56% and that the net total of all districts combined
4,224,075
4,036,134
3,771,151
2,984,168
roads)
August
.....
n
pear-
3,663,906
-
Illinois.
East.
Tex.
Or.
(3
Line./.
Pacific
Northern
Chic.
—
Alabama
17,316,268
Chic. & North Western 17,066,154
Coast
■4;
Lou.
Nash.
Alton
90,494,636
92,310,358
104,023,611
113,832,028
May—.,.
June.
il
VQ
* ^ *.-•'"
1,132,943
4,301,210
23,431,009
Hav.
Atlantic
1,170.896
Connecting-
York
Total.........
4,361,552
23,301,737
_
Northern
4,740,907
Potomac
&
20,238.809
Y.
St.
4,780.655
Nashville.
Louisville &
,
4
4,946.664
&
—
Illinois Central
5,110,258
Ohio...
Rich.
25,270,533
_
Mobile
City Southern.
Yazoo & Miss.,Valley..
w——34,021,039
N.
72,888,743
'.
/
f^
? 5,147,653
70,563,511
Topeka & S. Fe.
&
1,217.714
Maryland .__/
5.353,429
Westerns
Trunk
Grand
South'n Pacific <2 rds.)
+ 32.78
88,052 852
February....
C* 1
3,570,847
Net
.
___—
N.
January.......
Pfi
Jir
949,653.
MONTHS
Increase
.
,
Reading-
.
;
1,310 780
(2 rds.)
& South;
Increase
Pennsylvania
136,447,755
New York Central_i_^._*77,243,780
+ 40.72
+ 5 ,524.625
1939
j
.
DEC/31,; 1941, COMPARED WITH THE YEAR;PRECEDING |
+ 69.48
^Flfl ,203,696
1940
Western
&• Hudson/—
""These
In the following two tables
into net increases,
Seaboard Air Line^i....
Month
* 1 'PYfl q
All three of these-roads were able to-
tabulate the increases in
we
Colo.
3,900.691
amazingly high percentage of their gross in4
an
creases
5,046,022
New
.
+ 24 812,082
+ 11 ,066,262
(number
;v++ '•:;/■/;['
+;.:// '... •
Roads aggregating 82 in number, were able; to showi
increases of $1,000,000 or more in gross earnings for the
+ 54, 485,101
+ 57.97
113,877,166
122,441,917
136,924,911
115,9 0,536
115,972,813
;
g Reported by major
piled from private telegraphic reports,
Great
+68.78
+ 68.75
104,100,340
179,888,764
176,738,626
November
%
+66 011,5' 8
+ 54 ,296,709
92.404,546
175,671,979
'
Bureau of the Census,
b F. W: Dodge Corp. (figures for 37!
Rocky Mountains).
c National * Bituml 'ous Cos.1 C^rnrr ksion/
d United States Bureau of Mires,
e Association +f American Railroads.. .fjCom+
of
•
5,311,693
1,383.324
__/_
Omaha
Western/
Georgia.^..
Paul Min. &//
Maine Central
•*v~V
U. ited States
east
__
Southwestern
Louis
Elgin!Joliet
:
V-4J.V-
5,772,613 20,267,035
+ 22.84
+ 63 553,109
+ 71 571,639
155,957.655
221,457
6968,691 19,533,564
+ 20 164,047
+ 29: 726,070
+ 60.4.8.
July..
October
(—)
+54 774,199
August...
September
Increase (+) or Decrease
90,573,937
Juie
24,578j.
::
+4.268,
1,459,562
1,402,565
Chic. St.
Maine....
&
Including
12,978,278 11,789,457 10,794,572
13,636,058 12,633,321 11,359,555
a
5.566,138
Northern
Virginian
Delaware
v.
Production .m
Shipments .m
States
&
6,280,095
Del; Lack.. &
Orders received. m_;////■ 13,700,718 12 849,132 11,406,901
*
Union
$
88,299,414
Gt.
■St.
lumber (060 feet):
;
1.473,161
&
Internat.
tral,
v?
1,518,427
Arkansas.
N.. Or.
Louisiana
leased
12,428
175,117:
222,575
...
1,554.617
Northeastern
6,898,589
+!.: 22,172; >/>'/8,155 l+.;'25|398r:
1
1
1,613,180
1,503,653
6,888,111
•".+ 7'+'/
17,7a8
_
1,700,696
1,648,399
1,504,199
pul, Mis; & Iron Range
■
2,004,166
1,951,040
Chic. & Eastern Illinois
7,492,106
81.253
_
Baltimore
108,463,461
2,057,871
2,051,458
2,010,442
*
Boston
production J. 82,927,557 66,081,662 5l,fi8"4;086 14,921:573 60,829,752;
; Steel ingot
Southern
January......
February.—
Line..^.
Seaboard Air ■Line_____ - 6,587,979
34,689
21/314 'P 23,47.6 ■VI 19,451 /
351,602 1.361,809 / 277.391
453,536
232,531 1/214,980
60.616
.272,497
64,005
140,617
82,115
'r"'l9j,6?8
/ 87,257 +
■08+03 /c: 34(013 V'--* 62,492
-_./v 1
2,220,248
10,024,328
9,946,007
Coast
Y.
97,673
+
2,445,703
2.297,776
.....
Wabash
hi -'.l
Ijroio & Steel , (net tens):
Pig iron production. k /_ 56,903,720 46,948,006 15,317,374 »9,728 860 47,300,320:
233,379
233,373
Earnings
1940
Spok. Port, & Seattle..
.roads)
Reading
\v 221,328
: V
^51vl40
-27,904
Atch.
1941
2,475,318
of New Jersey.
Alton
233,547
July.......
Month
-H u+'V
r
+44)032' /'•»: 61,309
# •
•V-'T;
convert
233,820
233,704
>
35.6'.0
33,886
barrels).'.-.
Flour (000
St.
Dec. (—)
>
'
Seashore Lines.
1939
1940
Month
..
116,63^
232.863
+27.99
+ 25.36
& Tex. Pac.
N. Or.
Lehigh Valley iZ/z/ziZ/: 3,831,076
; Grain (000bushels)
Fe
August.
./• 49,855
'
and
839
if'
25,04'/
:
receipts: h
233,029
232
532,501
73,828
309,709 /
•'51,487:
:80,766
..21,200
—
Rye (000 bushels)
..
Seaboard Hour and grui.
232.951
232.803
2,618,295
2,485,962
Nash. Chat. & St. Louis
Clinchfield ^./w-Z/z//
Chicago & St. L.
Illinois Central
9,755,819 + Wheeling & Lake Erie..
Erie
9,751,746
New. Orl. Tex. & Mex.
9,546.964
(3 roads) __///,.—//.
Chid. Rk. Isl. & Pacific
9,362.644
Chicago Great Western
Chic. & North Western
N. Y. N. Hav. & Hart.
9,268.726
/ Min. S. P. & S. S. Marie
Norfolk & Western^
8,889,635
Kansas City Southern.
Chic. Burl. & Quincy.
8,696.061
Denver & Rio Gd. West.
Alabama Gt. Southern
Northern Pacific../../: 8,337,237
St. Louis-Saxi Francisco Z/Z/Zzz'VZZPenn.-Read. Seas. Lns.
5,358,420
1,370,678
303.065
*•
51,485
75,275
33,936
-
250,666
82,155
232,300
232,136
/•■
___/./
Paciiic
Pittsburgh & Lake Erie" ' 2,469,004
14,675,141
;.l 6,8 80,094
._///./_ 10,878,953
Pacific
Central of
bushels)
(000 bushels)./
Oals (000
232,250
232,242
232,273
453,245
25,123
-
-
bijsJMlsO/i+Z
-Com 1000
.
+27.32
+ 32.06
502,860
.54,339
411,624
+ 16JB5
+ 32.83
3,577,292
2,645,462
•
Central
Atlantic
54,003,657 13,550,543 *1,351,150 15,750,201
Whe*A (000 bushels)..
+53,412,739
+<8,863.928
+ 110,336,240
+ 119,976,079
+ 112,919,538
+28.85
2,679,112
Valley..: /2,653,310
Great Northern
1929
,1932
//,//■ •*>?
receipls: h
// > Flour (060 birfe'lhT-
+ 89,159,655
365,421,954
380,785,702
382,028,588 + 106,947.169
412,8*6,707 + 104,6f6,066
+ 82,252,703
374,763,846
Cin.
■'+''
2,932,980
Western.
Miss.
Western
15,262,274
Mil. St. P. & Pac.
Chic.
and grai..
Hour
Western
326,366,143
314,195.836
»
sas' City (careL--
Ka:
320 891,874
342,665,256
-
Vv':'.' Omaba" (ears)- rj*. 1:
357,580,996
485,398,033
493,705,240
488.975,757
517,592,773
4,469,354
16^007,474
„Chicago (cars):.,.:...
'
415,525,798
374,304,613
454,532,076
Trunk
Yazoo &
$
3,118,929
Potomac
&
Chesapeake & Ohio.... 11,365,872
"
March......
441,529,184
+1939-
Livestock receipts: g-,
February.:
May .v.,/;
Grand
15,548,495
Nashville.
&
Pacific
Missouri
Freight Traffic:
'
"*
Gar loadings, all (cars+e- 42,284,927 36,357,854 33,911,408 28,179,952 52,827,935
Cottonreceipts, Southerr
4,043,772 4,668,701 5,526,957 9,342)444 8.662,715
prrts (bJes).f^:
Auril/
June......
Fred.
+
312,869.481
July.
1946 +
4,838,561
anthracite _d..
Pa.
"
$372,289,000
Rich.
Ohio^
&
pere Marquette
/ '
Coal (000 net tons):
Bituminous _c.
capital flotations for the railroads in 1941, .as
noted in our issue of Jan. 15, 1942, amounted to $365,-
of
31,331,072
Increase
■>
V'1'/.
'«
Mobile
"18,343,907
Louisville
*
,
Constr./Ooutr. awarded.!:
i
Total
276,000, of which $113,205,000 represented the refunding
of outstanding obligations, while $252,071,000 repre-j
sented new money flotations for equipment .addition?
and similar requirements.
This is a decided improve^
ment over the showing for 1940, when total financing
//*•;/;'
■'
Gulf
Southern
>•
trucks, &e.).a
Bplldingi($006):
adjustment.
to the suc¬
MONTHS
Missouri-Kansas-Texas.
(passenger
Production
V
;
and
earnings
/■'/
]
20,009,938
N.
better
financial positions, the railroads were able to purchase
substantial amounts of new equipment in
1941, and to engage in greater maintenance of way
activities than in some previous years. ; Since each
of
1941
Dec. 31
12 Months End.
bank loans also were reduced.
Holders
'of common stock in reorganized railroads continued to
receive little considerations, however, and this aspect of
Because
12
Union
and
-reorganizations remains for more equitable
THE
Baltimore & Ohio.//...
.
important railroads out of various stages of financial
reorganization, and the ravages of the depression of the
•'
1930's thus werg modified.
Sizable repayments of loans
advanced by the Reconstruction Finance Corp. were
effected,
FOR
32,225,158
& Santa Fe 27,785,938
Central__i__';'24,480,649
Top.
York
New
EARNINGS
$. ■''///'."Increase
>-/
$
/ ■
South'n Pacific (2 rds.)
Atch.
IN ' NET
3L 1941,/COMPARED WITH THE YEAR PRECEDING
■// ./•;:/
Pennsylvania
ing factor to the increase of traffic. + Agricultural prod¬
ucts, hpwever, contributed very little toward .the heavier
freight movement, and traffic .in some .items,' notably
cotton, and livestock was again reduced slightly to add
to theilarge reduction in 1940.
} ■ .,\w
; 1
coal and a hastening of mining operations
ended, which tended to offset the losses
of
CHANGES
ENDED DEC.
-greater demand for bituminous coal. /Expanded activity
in building construction also was a principal, contribut¬
after the strike
Monday, March 16, 1942
Southern Deaion—Comprises
the section east of the
of the Ohio River to a poirt rear Kenova, W. Va„
eastern
Mississippi River and south
and a lire thence following the
of Virginia to the Atlantic.
boundary of Kentucky and the southern boundary
Pocahontas
Penicn—Comprises the section
Virginia, east of Kentucky
and
boundary of
to Pf.rkersburg, W. Va.,
north of the southern
the Ohio River north
and south of a line from Parkersburg to the seuthwcNtcrn-corr.er
ther.ee by the Potomac River to its mouth.
of Maryland and
Volume 155
Number 4055
WESTERN
THE COMMERCIAL & FINANCIAL CHRONICLE
DISTRICT
•
In
Northwestern Region—Comprises the section adjoining Canada .lying west of the
the
table which follows
the yearly comparisons
Great Lakes Region, north of a line from Chicago to Omaha and thence to Portland,
and by the Columbia River to the Pacific.
furnish
we
a
-Gross-
of
summary
ings for each "year back to and including 1907:
1941
1940
"'.'•
(Concl$
$
Bessemer & L Erie.. 20,379,750
18,026,227
Chic & East Illinois. 18,672,227
15,688,059
Chic & 111 Midland..
5,404,100 '. 4, 771,529
Chic lad & Loulsv— 10,864,059
9,495,173
Det Tol & Ironton.,
8,771,438
7,540,197
Ellin Jolist & East- 29,387,656
22,138,090
Illinois Terminal.-..
7,029,936
6,074,219
Chicago to Peoria and thence to St. Louis, and north of
line
a
Gross
City and thence to El Paso and by the Mexican boundary
•'•■■■.+'
''■''"V.' • *.< I " •
; •••'"
to the Pacific.
•'*
Southwestern
"
Year
Year
Given
Preceding
south of St. Louis and
a lite from St. Louis to Kansas City and thence to El Paso;
grid by the Rio Grande to the Gulf of Mexico.
<•
'
.»
1907
(
1908
.
1911
.
1912
.
also exceeded
789,002,000 bushels and
1832's comparatively inconsiderable receipts but failed
1013,
to reach the
1916
1909
tributed to 1941's increase
1940
over
with
the
.
1910
1939's receipts-"of
All grains
1914
greatest
barrels,
1922
_
1920
Year Ended Pec,
,178,035 —6.54
3,013,674, 851
+.152 ,539,765
+5.06
3,155,292, 405 + + 54.7 ,647,836 +.17.86
3,707,754, 140
+ 430 ,679,120 + 11.62
4,036,866, 565
+ 863 ,892,744 + 21.40
4,915,516, ,917 + +258 ,130,137
+ 5.25
5,178,639, ,216 + 1,026 ,235,925 + 1.9.82
—664 ,027,980 —10.68
6,216,050 ,959
5,478,828, ,452
+43 ,693,964 + 0.80
5,608,371 ,650
+733 ,687,222 + 13:08
—371 ,687/892
6,332,874 ,535
—5.87
5,977,687 ,410
+ 199 ,593,392
+ 3.34
6,169,453 ,120
+ 266 ,086,139
+ 4.31
246,356
239,625"
243,636
236,891
.
—253 ,305,228
—3.93
238,527
237.799
6,198,384 ,829
6,176,941. ,101
—30 ,265,342
—0.49
.
240,626
1930
1932.
Wheat
Flour
(000 Omitted)
Year
(Mis.)
(bush.)
Corn-
Cats
(bush.)
1933
Parley
(bush.) (hush.)
Rye
(bush.)
,
4,230,360,663
3,157,463,014
3,128,862,541
.
.
H941
......
21,874
.11940
28,125
'
"•
.i.. i94i
El+.11040
Duiuth.:;
}
:v
'
-
Milwaukee..-'
:
,
19,825
52,831
4,135
2,336
14,315
1041
,
Tole do
16,214
111,753
67,597
1940
i
.
! 1940
,
5,423
13,896
11,888
53,824
1
18,858
20,555
90,751
142,900
^Minneapolis
■■■I
96,598
3,445,521,612
4,046,637,111
39,436
12,006
1939
2,663
17,599
31,958
20,693
21,692
2,615
8,864
5,297
12,231
3,714
2,928
10,848
802
2,020
433
1.129
4,158,453,384
3,558,925,166
3,987,692,675
96
181
117
1940
6,288
825
13.830
3,2061
-421
2,230
18,929
3,730
310
2,012
1908.
4,026
12,015
34,251
2,542
1,003
21,799
9,346
2,988
754
3,818
3,414
1909.
2,736
82,298
69,506
4,854
15.831
1940
11940
.
3,752
5,886
Sioux
•1907
"*80
4,015
11941 21,206
21,314
DEO
..
...
.
1940
—
1918
3,319
508
82,155
33,886 116,634
1920
351.602 232,531
64,005
17,748
1921.
87,257
.-.I..
.
..
.a.—<
.
1923
ports
gained
also
and
1925'.
1926.....—..-
The increase of receipts of grains
was
substantial
a
one
of
1928
47,458,000
1929
:Wheat and barley made the port receipts gain
1940 possible while corn, oats and rye receipts
Tell to the lowest level in
ceipts showed
a
number of years.
1930..—-...
■
shown in detailed form in the following table:
1938.
'.
1940-
—
1
Receivts of—
Flour, barrels..»
12.555,000
Wheat. buslfelB.
1940
1041 v+
+1
1039
1938
-
~
1037
15.912,000
14,740,000
4,729,000
6.079,000
1,255,000
11,024,000
1,432,000
2,261,000
2,899,000
Bye, bushels........
—u.
7,598.000
24,562,000
4,468,000
add
now
our
>
'
-
—
Can Nat
•'
'
1939
1940
1041
Ports
A
.1937
1,207,437,133
statement for
—
—
-
.-—:
30
21,059
101.930
59,977
10,529
y
Savannah
—-
Gulfport
Charleston.
23.972
—
26,384
3,564
9,497
...
31,475
Norfolk
37,734
Panama
•
33.689
a
-
.
Net
•
—.——
1940
Inc. or Dec.
$
$
$
1,812,861 ' ' 4,184,917
4,871,451
13,339,801
+627,944
+5,566,138
def4,841
1,473,308
18,905,939
+265,142
+834,125
"
-
»
:
260,301
2,307,433
.
City...
.
'
-
District
—Net-
1941
1940
1941
1940
$
$
$
$
Inc.
or
Dec.
$
Central Vermont—See New England region
Dul Winn & Pac..
338,381
361,527
1,537,948
1,689,986
+23,146
Grand Trunk Western—See Great Lakes region
Can Pac System—
C P Lines in Me—See New England region
C P Lines in Vt—See New England region
—
3,743,434
2,982,780
1,157,551
949,691
-1,155,921
def 119,870
dofl49,448
+30,078
"Total (15 roads). 1609,878,398 502,750,806 200,058,415
Central Western
1941
1940
-Befrtora—
$ '
9
Atch Top & S Fe...225,043,648 170,003,639
Alton—
4,444,957
3,312,014 +1,132,943
32,673,599
23,404,878 +9,268,726
48,692
108,704
70.522
54,629
21,382
23,692
30,303
61,719
6,043
•
-
2,982,167
468,310
1941
Region—
"?"+•?
1,587,464
1940
S
750,945
4,025
.
Can Nat Lines In N E—See New
+245,348
-
Inc. or Dec.
$
.
•
-
Can Nat System—
571,446 :.f +179,499
England region
Central Vermont—See New England region
------
+1,170,896
45,544,548 +19349,200
1941
S
'
1,886,372
222,962
-—Net
1940
;+\
$
-
1,811,271
64,893,748
Gross-—•——
1
Cambria & Indiana.
42,904
1,807
•
Great Lakes
106.150
43,280
29,311
2,627,995
3,513,726
Total (10 roads). -.210,229,076 168,491,828
;•
+55,101
+ 9,302,644
+1,383,324
+1,951,040
27,205,445 +14675,141
17,246,204 +6,280,095
35,841,423 +10880,094
510,734
+60.332
2,308,987
—178,495
2,478,682
+75,107
17,099,370 +8,337,237
2,931,925 +2,220,248
142,664,679 +57198,736
1040
'1941
9
Inc. or Dec.
68,132,940
40,347,002 +27785,938
6,432,431
3,134/655 +2,297,776
-
.
16,474,713
Staten Isl Rap Tr—See Central Eastern,
Burlington Route—
Ch Burl &Quincy. 117,521,355
Colo & Southern.:
7,945,471
region:;';' +•
:
'
97,631,242
34,473,430
6,577,782
2,459,879
704,646
2,107,588
7,353,504
'656,406
832,351
1,642,088
Chicago R I & Pac- 96,962,499
1,400,953
80,701,923
25,777,369 +8,696,061
1,097,928
+878,738
1,675,546
+432/042
5,740,324 +1,613,180
1,976,666
5,878,382
26,210,105
2,303,251
746,404
792,366
27,857,442
6,711,910
31,572,624
Denver & Salt Lake.
Nevada Northern...
'
..
•
20,245,864
—
Ft Worth & DC—
12,157,074
4,222,939
3,772,088
+368,026*
+1,700,696
Bait & Ohio—See Central Eastern region
Den & Rio Gr West.
85/604,109
-•
7,017,810
251,400
10,637,346
3,126,043
5,405,367
3,367,250
2,620,309
872,898
36,085,476
30,975,218
9,018,506
945,424
829,240
306,501
Chic & North West.'109,866,461
92,800,307
28,990,900
ChichStPM& 0. 20,134,522
18,078,966
4,500,967
Chic Great Western. 21,506,933
18,748,596
7,416,407
Chic Mil St P & Pac.139,646,122 114.375,589
41,880,586
Dul Mlssabe& IR— 36,532,418
27,554,684
23,526,389
GreatNorthern
125,044,883 101,743,146
46,721,517
Green Bay & West2,000,824
l,/769,111
>
571,066
Lake Sup & Ishpem.
3,586,497
3,583,977
2,130,492
Minn & St Louis.
10,836,233
9,699,774
2,553,789
Northern Pacific—.. 85,348,327
68,714,634 25,436,607
Spokane Portl&S- 13,289,042 :' 9,718,807
' 5,152,173
+.207,860
1,400',699
:..-
504,872
MStP&SSM—
Spokane Internat.
Bait & Ohio System—
N.Y Ont & Western—See Great Lakes region
Grand Trunk West 30,391,495
4,043,772 4,698,701 5,526,957 4,490,405 6,810,207 6,351,430
25,243,837
34,170,493
26,775,310
61,111,361,51,891,975
845,559
849,681
Colorado & Wyoming
681,122
403,961
645,019
+75,284
—71,010
+147,347
18,310,478 + 9,646,964
Southern Pacitic System—
3,275,791
226,131
St L Southwestern—See Southwestern region
Southern PaciHc-232,899,215 177,117,783
72,901,113
Texas & N O—See Southwestern region
Tol Peoria & West-2,775,366
2,373,432
1,101,205
Union Pacific.---218,091,994 168,164,258
58,094,100
Utah
920,441
864,351
166,838
Western Pacific.—. 24,089,163
18,489,801
7,331,658
Total (16
23,201
3,526,670
Northwest Paclilc.
~
9,258,695
11,402,697
17,779,590
202,266
2,447,910
6,579,583 +2,679,112
7,831,850 +3,570,847
12,467,897 +5,311,693
34,696,312
1,464,790
2,257,572
914,062
5,282,487
2,117,787
56,750,722 47,479,837
18,087,327
+5,921,429 ; .4,943,625 : 3,679,575
2,402,647
2,222,563
987,927
24,944,566 +9,751,746
Del & Hudson......
42,284,927 freight cars were loaded in 1941
as compared with 36,357,854 in 1940, or an
increase of
16.3%.
Only the loading of livestock decreased in com¬
parison with 1940. Coal loadings continued to rise with
an increase of 770,388
cays loaded, or 7,590,002 cars com¬
pared with 6,819,614 in 1940.
Ore shipments increased
533,814 cars over 1940 and 1,067,206 cars over 1939 and
showed an even greater increase of 1,836,277 over 1938.
In,the table below we show the loadings in number of
freight cars of the individual items which make
grand totals:
REVENUE
FREIGHT
ON
THE
RAILROADS
UNITED STATES FOR 52 WEEKS
;
+"+;v; ■h,i\
1940
1939:•
-
-—-
Coke
—
Forest products.---.-
—
Merchandise, L. C. L
i-—
1,834,593
685,282
1,940,064
650,490
7,590,002
Grain and grain products.
6,819,614
-Det & To] Sh LineErie
OF
3,740,840
-1.106,845,421
86,606,612
System—I
N Y Susa & West.
3,692,675
Lehigh & Hud River.
Lehigh & New Engl.
Lehigh Valley—.—
Monongahela..
•
+202,930
50,437,954 +22463,159
856,801
+244,404
47,215,147 +10878,953
168,388
4,845,696
—1,550
+2,485,662
roads)—'993,114,433 778,282,900 288,933,169 201,260,591 +87675,578
694,246
1,967218
702,920
Montour.——-----
;:...
•
+72,192
+489,243
91,870,895 +24480,649
5,715,423 +2,469,004
15,311,983 +9,946,007
8(067,193 +2,618,295
373,196
.—28,318
405,359
+70,012
'998,157
+ 862,341
'
4,141,145
1,225,035
18,196,236
892,264
+332,771
11,308,125 +6,888,-111
Total (23 roads)-9Q9,408,663 796,-875,236 287,030,161
21i;233,511 +75796;650
Wabash.. ..i.
„
•
-
57,533,540
46,293,895
1,366,186
1,341,403
Missouri & Arkansas
1,473,161
1,359,196
Mo-Kansas-Texas...
34,921,770
46,013,670
14,382,380
2,248,133
-
.. .
.
+
8,320,858
1,201,742
27,892,594
"1,"
.1
.
15,868,888
540,225
7,059,110
1,354,706
4,366,566
688,839
228,864
9,134,446
"
v '
1941+
Region—
Akron Canton &Y._
Bait & Ohio
~
.—
1940
$
Syktem—
3,117,206
=
$
.
Alton—See Central Western region
-
Ohio^27,503,022:179T175;465
1,790,332
1,614,680
Staten Isl Rap Tr.
J940
$
2,388,573
•..!.!
1941
$
1,173,232
728,751
Inc. or Dec.
2,730,676
1,808,011
11,349,852
2,929,248
Eastern region
Missouri Pacific-111.900,737
87,124,189 35,298,784
NOTex&Mex3,227,829
-2,853,002
1^95,354
:
St L Brownsv&M
7,962,13K 7,009,943
2,831,904
S A Uvalde & Gulf
1,396,190/1,169,015
"67,619
Texas & Pacific... 32,839,670
26,496,558 11,175;982
Okla City-Ada-Atoka
355,014
294,444
112,366
.
+ 365,241
+ 128,817
+ 1,473,161
+ 100,885
+ 6,230
+2,045,462
1,074,345
+733,666
1,469,686 +1,459,562
20,036,510 +15262,274
641,220
+654,125
2,215,529
+616,375
+103,989
def36,370
7,716,629 +3,459,303
60,252
+52,114
>,
••■'
Pac—See Central Western region
28,256,047
20,642,003 10,729,849
Southern Pacific—See Central Western region
; Texas & New Qfl. 60,442,110 -45,660,037
20,702,199
Texas Mexican
1,388,893
974,774
470,428
11,834,286 +8,867,913
195,784
+.274,644
310,082,478 126,771,967
76,662,007 +'50109,960
Southern Pacific System—
Northwestern
St L Southwestern
5,683,827 +5,046,022
.
Total (20 roads)-398,037250
■
r
■■■
"•
$
+444,481
f
y.
1
'
1
!
1
-,
11 j1,
1
,
■
Western Dls- '
trict (51 roadb)—2001030081 1591115,684 615,766,551 420,787,277
Total
-
.
■
=:
.
+„194979274
'
r
"60,584,604
" 226,357
+ 7,126,865
+ 1,648,399
^—•
Net
—;—
8,742,023
174,984
5,410,711
1,225,889
2,893,405
587,954
222,634
6,488,984
Missouri Illinois—See Central
.
—-Gross
Central Eastern
.
„
3,807,155
14,075,033
Internat Gr Nor-
$
+84,913
23,716
.108,629
'*1 w»,;
;
59,326,160
1,808,031
South.
19,163,035
Kansas Okla & Gulf:
2,497,246
Louisiana & Ark—:. 10,553,722
Midland Valley
Inc. or Dec.
$
1,230,794
St L San Fr&Tex.
ICansas City
1940
1941
..
A.'—* . +
.-u'-C-
'
,
v
1,224,114
BeaumSL&W..
169,568
.
1,788,966
721,601
464
915,735
.•
;
Wabash System—
"
Ann Arbor.—4,762,722
1937.:
f/tn0S
1940
$
Region—
Burlington-Rock Isl-
Missouri Pac System—
region
5,466,415
658,811
•"••'•: ■ ■
N Y Central.-... .447,789,655
370,545,875 116,351,544
Pitts & Lake Erie. 30,044,031
23,947,038
8,184,427
NY Chic & St Louis.. 60,219,289
46,423,402
25,257,990
Pere Marquette.—.39,048,003
33,007,016
10,685,488
Pitts & Shawmirt...
1,070,865
1,240,175
344,878
Pitts'Shawm &No..' 1,527,608
1,235,639
475j371
Pitts & W Va
5,283,114
4,157,852
1,860,498
'.i''
+326,582
+326,419
1,647,578
+470,209
14,256,251 +3,831,076
2,962,011
+717,564
N Y N. H & Jtlartford—See New England
N Y Ont & West6,186,516
THE
42284,927 36,357.854 33:91 L498 30,457,078 §7,670
1,138,208
587,643
.
NY Central Lines—
5,540,739 6,976.938
413,686
274,639
507,817
1,584,336 1,417,869 1,828,032
2,682,242 2,148,428
1,615,036
845,965 2,207,632
8,041,367 7,679:389 7,830,935 7/681,847 8,465,868
18,435,786 14,842,212 13,750,675 12,025,781 15,173,610
2,184,987
1,992,528
—23,786
+455,382
-Net——
-Gross-
1941
Southwestern
St L-San Fran—
3,198,702
1,729,534
4,427,029
New Haven System—
548/686
1,799,650
2,022,419
226,052
+
Erie
—Haitimore &
Total-
4,385,087
6,082,520
677,634
1938
Detroit & Mackinac.
the
up
<
'
(Number of Cars)
1941
Misoellaneous
.;
CN Lines in N E—See New England region
;
.
Llnea.ln
Rutland
A total of
Livestock
•
372,833,077 263,740,769 + 109002308
Can Nat System—
-''I 'y-
in
Lines
Del Lack & Western.
OF
trict (30 roads).-1010534339 818,549,492
Dul Winn & Pac—See Northwestern region
Tota!.--:I—i-A..
LOADING
''
Region—
'
f.;
-.
System"'P':-"
Pac
N Y Connecting—
141,582
15
$
+ ■
—
14,726,458
85,629
165,428
19,013
2,199
146
Jacksonville.........-
7.821
48,565
36,238
45,23!)
11,341
Dis-
Western
+30.33
the last two
1941
5,665,619
MaineCentral—v.
•
15,949
4,430
.....
Lake Charles.—
Wilmington
14,833
56,423
.
Inc. or Dec.
$
Northicesiern
+ 12.10
New Haven System—
N YN H& Hartf.107,541',350
10,531
25,227
53,049
18,990
19,708
17,012
1,734,015 1,622,095 1,743,992 1,233,937 2,156,615 1,912,923
86,767
106,067
126,869
107,228
324,300
249,599
1.014
Pocsacola..—
Id i()
$
-Gross-
:
—6.61
Spokane International—See Northwestern region
_
Mobile.
1941
122,967,249 +24501,052
Minn St P & S S M—See Northwestern region
New Orleaus—......
$
147,558,301
+27.68
Dul So Sb & Atl—See Northwestern region
1936
992,204 1,447,678 1,265,709 1,095,962 1,812,836
Houston
1,009,744 1,001,862 1,656,497 1,283,973 1,592,417 1,524,849
153,800
273,008
99,213
370,72!)
457,718
Corpus Christ!, &c—.
314,700
16,171
Brownsville
40,578
22,398
:
Beaumont
+ 97,269
Total (4 roads)...312,291,430 273,273,047
+ 30.62
$
59,2,03,411--47,597,792
Maine—w-—-
824,670
Galveston
1940
S
Total Southern
—19.48
Grand Trunk Western—See Great Lakes region
Can Pac
TO
Can Pac
1938
843,133,884
1,076,433,617
+ 185,538
+ 18343,907
58,632,163 + 11365,872
47,648,297 + 8,880,635
2,087,325 +2,932,980
13,099,464 + 1,402,505
+ 3.11
—74,111,024
—203,982,327
+ 233,300,147
+ 130,301,336
+474,890,460
51,379,121
752,752
+ 2,475,318
+ 1,503,653
69,998,035
56,537,932
5,620,305
15.402,020
—1.90
1940
System— '
'Vermont;
1,047,043,262
2,100,022
1,587,358
Central Vermont..
7,853,050
6,393,622
Dul Winn & Pao--See Northwestern-region
DEC. 31, 1936 TO 1940, INCLUSIVE
,
1,121,154,894
9,543,206
1,050,090
2,840,032
Net-
1941
V
'
Region—
+ 17.25
—16,120,430
+ 25,928,611
+ 262,823,841
833,545,337
858,417,431
New England--
Can
/
Pocahontas
—28.94
+ 126,471,171
+ 1,554,617
Chesapeake & Ohlo.150,237,334 132,720,171
Norfolk & Western-120,176,914 105,228,621
Richm Fred & Po
14,039,903
9,078,351
Virginian
27,837,329
25,645,904
"
846,562,604
+6,687,979
2,740,503
7,067,888
864,552
1,345,379
33,036,2i4
655,483
gTJSS
:
—25.00
9,220,202
4,301,120
—
+ 5.35
—24.02
—244,431,640
Eastern District
Can Nat Lines in
•
1
1,367,459,116
977,800,101
733,168,657
15,808,181
Total (26 roads) —698,242,859 545,276,355 225,274,776 .140,773,520 +84501,256
+ 6.57
$
•
Boston & Maine.-aw
vannah, Charleston and Panama City were able to show
a
gain in receipts over 1940.
An outline of the port
movement of cotton from 1936 to 1941, inclusive,
is
shown in detail in the subjoined statement:
'+:
JAN.
—8.96
1941
:. -I
Region—
Bangor & Aroostook.'
Pec. 31, 1941, fell.'654,929 bales below a figure of 4,698^Only Brownsville, New Orleans, Sa¬
FROM
1,799,945,914
..
Gross
-
701 bales in 1940.
PORTS
1,706,917,540
.
+ 8.05
—155,453,408
+ 105,169,783
+ 91,282,713
—432,368,693
—395,804.589
+ 200,726
122,203
23,567,454 + 0,765,810
4,732,677 +.2,053,310
+ 228,054
100,632
+ 632,935
870,425
8,225,000
18,320,382
2,982,334
11,102,951
3,359,032
5,613,872
.139,926,434 105,905,395
Tennessee Central..
2,937,785
2,589,413
+1.05
+ 128,995,572
,
1,735,075,393
1.600,897,886
detailed
L
-
New England
SOUTHERN
1,602,513,558
2,408,805 + 3,900,691
N O & Northeast.
Southern——
+ 12.31
s
and decreases in net figures for each road separately:
Cotton receipts at Southern ports for the year ended
AT
+ 175,891,175
1,161,243,340
EARNINQS OF UNITED STATES RAILROADS FROM JAN. 1 TO DEC. SI
Total grain....... 222.575.000 175,117,000 174,189,000 259,255,000 167,149,000
COTTON
+ 19.98
+249,725,206
+ 14,807,031
+ 21.50
1,409,433,583
-1,428,508,949
.
'
6,765,000
-
OF
+ 190,100,146
classified by districts and regions, show¬
ing the gross and net figures and giving the increases
-
RECEIPTS
951,497,925
.
—39.69
+ 138.88
4,402,304 + 3,118,929
,6,309,496
842,225
4,559,247
Cin N O & Tex P. 22,621,592
Ga South &Flft—
3,594,411
—15.80
—303,953,253
,+ 556:503 ^86
+ 322,412
48,490,960
5,640,838
64,608,903
Ala Gt Southern..
—23.92
—284,771,620
—143,479,608
+ 76,673
+ 438,953
74,000
Southern System—•.
+ 22.84
—4.71
calendar years,
6,490,000
13,309,000
•
+ 25.54
+ 236,623,427
+—60/079,749
402,150,071
1,206,734,953
1,682,327,598
/
-
+ 211,653,900'
828,650,401
—8.39
190,196
2,407,155
322,929
33,323,273
7,385,987
328,686
1,503,300
1,177,387
Southern..,
Seaboard Air Line...
+6.88
—75,925,113
266,809
Dul So Sho <fc Atl.
14,200,000
192,681,000 126,475,000 120,508,000 132,237,(9)0 104,833,000
22,537,(K)0 40,397,000 27,679,000 90,390,000 35,752,000
Corn, bushels
3,816,000
Oats, bushels..—....
Barley, bushelsa:vi -2,109,000
—3.56
617,186
+ 708,280
860,825
25,944,262 + 15548 495
3,482,740 + 2,057,871
+ 207,697
349,489
•
We
12.428,000
—
—
Mississippi Central—
Norfolk
—2.69
004,448,054
$
+ 700,540
305,752
+ 346,401
324,293
10,520,475 +10024,328
+ 629,394
.718,158
4,456,364 +2/051,458
-
2,840,108
396,4i 2
7,521,323
16,506,107
1,289,761
08,843,454
15,422,950
Illinois Central—122,274,403
+60,350,833
33,487,100
;
Greeav.
Yazoo & Miss Vail 20,163,863
,
—24,288,388
940,509,412
1,047,043,870
843,060,935
1,076,494>,031
——
r
Inc. or Dec.
Illinois Central Sys—
Per
Cent
(—)
907,914,866
1,121,241,272
1937
1941
•
Decrease
V : 877,617,878
859,473,948
1936-
1939
Increase ( + ) or
900,473,211
733,368,461
859,639,828
830,442,174
*'
1935
RECEIPTS AT SEABOARD PORTS FOR 52 WEEKS
.1 .J
.750,685,733
971,654,527
1934
FLOUR
18,701,182
19,638,767
2,436,901
Central of Georgia 22,336,739
Gulf & Ship Island
1,670,591
1,036,016,315
1933
slight increase of 127,000 barrels over
an unusually
low figure of 12,428,000 barrels in 1940.
The flour and grain movement for the past five years is
GRAIN AND
Gulf Mobile & Ohio. 23,647,846
Nash Chatt & St L
West Ry of Ala—-
Earnings
;
'
a
5,540,611
6,507,822
1,153,538
1.275,190,303
1,190,566,335
908,058,338
765,876,029
1931 ————E
re¬
15,632,633
1,644,759
•
Loulsv &
+ 1.00
1932
Flour
41,492,757
1,845,005
1,177,721
10,748,838
+ 20.12
1,731,509,130
1,579,621.895
1,706,067,669
1,798,200,253
1,367,577.221
:.—
1927...
1,659,114
98,001,627
1,352,301
11,499,121
+ 8,996,848
1.424,240,614
1,604,400,124
;
4.087.432
Nashv—110,560,572
Georgia & Florida—.
—7.13
1,410,968,636
1024
8,473,836
Florida East Coast—
—0:08
1,141,598,071
20,544,803
1,347,562
2,686,763
11,133,238
5,615,529
...
Columbus
+ 299 ,820,042
•,-.
1940
1,006,292
670,694
1,027,173
50,087,984
235,091
233,468
-i
•.
3,455,361
234,482
—53,371,190
+ 151,040,332
764,578,730
461,922,776
:+ 958,653,357
+75673,028
S
+ 2.81
—64,526,-646
•'
+ 2,010,442
3fi.804,056*266,i3l,028
+6,898,589
+ 1,217.714
-Net-
—599 ,528,218 —14.42
748,370,244
V
5,693.400
1941
237,918
1,215,110,554
005,794,715
—
—
7, 703,842
District
238,960
1,272,639,742
1917-
bushels.
over
Georgia...
8665,280,191
1,040,304,301
1916
411.624 250,666
seaboard
at
222,575,000 bushels.
over
CllachtielJ—1.
225,053
Year
.
1915—"
•beared. 1938's total of 259,255,000 bushels with a mark of
1941
242,056
241,111
8660,753,545
.•
1922
in
242,043
4,632,498
Atlanta & W Point
2,491,044
Atl Coast Line
67,494,252
Charles & W Caro.
3,414,204
>
Preceding
^
997
1,565
.
1910
receipts
242,582
Year
,• 901,726,065
.'909,470,059
883,626,478
1911,— —.:
1V14L
-w:«.
937,968,711
1913
907,022,312
1014--.—..i-1 ■V 828,522,941
""19
3,049
1940
Grain
242,169
242,764
Given"
: :
23,044
22,859
1941
Total all
241,625
242,617
+ 12.07
def404,028 +1,618,427
+2,445,703
8,539,155
19,745,999
6,807.423
$
;v
Atl Blrm & Coast.
••
1910-.----
1,154
2,533
1,573
' 1941
'
city.
■
,
,
2,768
2,493
1940
Wichita
5
694,999,048
w.
•.
1 ,114,399
10, 984,858
26, 644,588
8, 025,137
1940
236,759
235,413
+ 429 ,428.841
+270,162
Atl Coast Line Sys—
63
16,47-7
11940
--..|1941
;
Southern
1941
237,650
+ 113. ,818,463
'+828,508
982,596
•Gross-
239,536
239.482
+ 601 ,299,505 + 17.45
Net
,+;
/■-•••
•..
,729,945
■•
■
Southern Reglon-
Year
36
473
'
234,622
236,139
EftstcniDIs**
240.810
606
+ 916,741
3,596,583
8,351,486 + 3,226,145
+ 681,521
2,048,424
,577,631
trict (51 roads)...233Q690583 1 879182,053.693,727,965 632,909,087 +170818878
235,338
235,705
234,795
232 824
.128
City
,
235,461
236,330
232,192
5,306
1
St. Joseph...-
..
4,288 847 .139 +1,053 ,407.864 + 24.56
5,686
*
.
..
Total
.
234,777
239,075
■
8,493
3,525
Reading
234,579
5,342,255,003
/1941
—
913,Si4,989
1941 V-U-
4,726
f 1941
'
•
St. Louis—
Total (18 roads)_.115l052844
232,639
234,264
232,781
37,854
37,472
Indianapolis and Omaha
-
249,870
233,014
+7.52
13,291
27,055
21,785
^1941.
*
250,193
235,690
235,654
2,942,542
,513,324
16,997.506
4,287,446,017
11940
*
Wheeling & L Erie.. 21,221,641
1940
/1941
*
-
247,936
247,868
235,470
234,436
233,464
23,081
,771,050
1 ,252,758
« 6,016,902
35,882,086
63,797,976
19,146,204
249,098
4,044,634 ,921
4/158,453 ,381
3/558,263 ,834
3,087,625 ,975
1938
6,395
28,587
10,730
1
3,445,337
7,629,929
.
•
3,267,044.444
1935
Chicago
1934.
* Penn. Read SS L-
Central of N J.,„, 43,357^570
79,568,095
Western Maryland— 22,8t0,110
233,085
235,765
Dec.
«
Reading System—
.
249,081
+ 162 ,305,781
+2.63
6/349,330 ,347 —1,014 ,198,837 —15.97
5,335,664 ,308 —1,105 ,303,735 —20.72
4,229;261 ,833 —1,071 ,798 819 —25.34
—27 ,892,564 —0.88
3,156,755 ,105
3,091,492 ,502
+1751,651,942
+ 5.68
3,267,164 ,788
+ 178 ,356,824
+ 5.46
5,335,131,510
.
1931
"—30 ,024,816
+221 ,579; 96 9
+ 142 ,521,707.
or
+ 272,941
9.649.187
3,455,049 + 1,504,199
+ 467,053
1.735.188
:
235.809
6,448,564 ,574
5,961,186,643
6,177,280,802
.
1929
27
236,000
242,931
6,342,058 872
1928;.
WESTERN FLOUR AND GRAIN RECEIPTS
233,829
+4.72
Pennsylvania System—
Inc.
$
,922,128
,959,248
,202,241
+ Long Island-.-- 2(4,839,393 -25,229,208
7; 054,826
6,451,394
+603,432
,'v Pennsylvania—.614/041,163 477,593,408 171,,363,888 139,138,730 +
32225,158
238,275
.
1927
with 1940:
237,554
239,691
.
1926
,+239 ,011,258
241,423
5,522,522,416
.
1925
225,027
+ 7.94
5,552,022,979
.
1924
197,237
228,508
1940
I
Missouri Pac System—See Southwestern region
Missouri Illinois.,,2,687,203x 2,238,527
171,816
+9.20
—1.06
6,204,785,14.1
.
1923
199,726
+ 282 ,453,959 + 12.16
2,835,109, 539
2,790,810, 286
3,019,929, 637
3,180,792, 337
.
1921
from 21,314,000 barrels in 1940 to 21,206,000
barrels in 1941. In the table below we give in our usual
form the detailed information of the. Western grain
traffic for the year ended Dec. 27, 1941, as compared
or
Preced'g
173,028
6,168,119,487
6,839,246,882
_
1919
■Given
6,195,259,346
.
1918
Cent
Year
6,435,539,259
.
.
1917
Year
+ $196 ,906,154
+ 9.42
<— 301
,749,724 t—11.89
2,597,783, 833
2,805,084,723
3,012,390,205
3,162,451,434
2,972,614,302
3,166,214,616
3,702,940,241
4,138,433,260
4,000,759,309
5,173,647.054
,
1915
con¬
Per
(+) or
Dec. (—)
2,836,795,091
_
increase being shown in wheat, which increased 60,002,000 bushels.
Flour receipts, however, ^dropped 108,000
'»
Mileage
Inc.
32,287,501,605 $2,090,595 451
2,235,164,873 2,536,914 597
.2,605,003,302 .2,322,549, 343
.
Grain traffic over Western railroads increased 141,822,000 bushels, or 894,965,000 bushels compared to 753,143,000 in 1940.
These receipts of 894,965,000 bushels
.954,540,000 bushels of 1929.
Earnings
Year
Region—Comprises the section lying between the Mississippi River
1941
Re don
Central Western .Rerion—Comprises the section south of the Northwestern Region
west of a line from
from St. Louis to Kansas
-Net-
Central Eastern
to both gross and net earn¬
as
1083
46,574,666 +20009'i93r
.
94,483
+131,874
Total
.
all
districts
(132 roads)-.
-
-5342255003 4288847,139 1682327,593 1207437,133 + 474890460
'
*
THE COMMERCIAL &
1,084
this week show an increase compared
Preliminary figures compiled by us,
based upon telegraphic advices from the chief cities of
the country, indicate that" for the week ended today,
Saturday, Mar. 14, clearings from all cities of the United
States from which it is possible to obtain weekly clear
Bank clearings
with
a
ago..
year
12.2% above those for the corresponding i
year.
Our preliminary total stands at $7,217,-
will be
ings
week last
1621,852 against $6,433,020,356 for the same week in 1941.
At this center there is an increase for the week ended
comparative summary for the
Our
of 13.4%.
week follows: <
Friday
\
t
1941
$2,588,742,581
330,928,935
375,000,000
203,205,415
1942
$2,934,700,531
York
328,272,637
440,000,000
J
Philadelphia
Boston
242,986,189
v
Chicago
—-
—
Kansas
cities,
New York
129,934,000
-
4th
5th
Richmond
74,587,724
+40.4
6th
Atlanta
-
7th
Chicago
+
8th
St.
+21.2
9th
Minneapolis
.
11 1
.
$4,243,008,881
938,718,880
All
Cities,
day
one
_
+ 16.1
$5,181,727,761
1,251,292,595
$6,015,514,710
1,202,107,142
ali cities, live days
Tot.
—
3.9
$6,433,020,356
$7,217,621,852
...
the
foregoing will appear
the New York Stock
1942 and 1941
and the two months of
sults for February
.follow:
"".V
.i
-
Two Months
Month of February
Stock, number of
$109,265,000
$354,696,000
$321,902,000
12,158,000
21,534,000
27,801,000
2,224,000
2,082,000
$158,357,000 $123,647,000
$378,312,000
944,000
bonds
bonds
Total
$354,634,000
the
on
for the first two months of
1939 to 1942 is indicated in the following:
'New York Stock Exchange
:.f
•
;
Of January
Month
No. Shares
No. Shares
,
12,993,665
7,925,761
February
•"
No. Shares
No. Shares
of
course
+ 21.4
169,977,528
152,814,631
+ 28.8
474,001,420
400,950.610
174,936,271
+
23.6
140,270,089
127,066,074
"
"
44
?•'
of the
119,603,823
+ 24.5
102,489,772
87,685,560
152,454,961
+ 35.6
132,887,569
113,511.985
110,113,403
77,453,833
+ 42.2
289,324,307
$7,407,339,405
3,820,523,273
$6,187,064,770
3,074,224,264
$603,097,539
$455,942,270
+ 32.3
„■
*■//{.:'•••
.
1 in
1941
1942
>
We also furnish
Chicago
in¬
The
7.4%, which was the smallest gain shown by
of the 12 Federal Reserve districts.
At the opposite
any
1st
9
Atlanta
an
in¬
The
improve¬
an
mond with
districts
four
Boston with
also
were
credited
Chicago with
20.3%,
with
19.7%, Rich¬
18.8%, and Philadelphia with 17.9%,
Inc. or Dec. %
Feb., 1939
Feb., 1940
Chicago
8th
St.
9th
Minneapolis
7.4
12,273,327,588
12,644,778,041
1,880,919,755
+ 17.9
1,680,674,193
1,467,077,651
1,914,379,689
1,503,666,220
+ 27.3
1,294,890,953
1,098,862,826
44
841,159,826
708,140,386
+18-8,
587,170,941
513,581,311
r16
44
1,129,080,038
896,685,166
+
25.9
737,536,606
651,000,850
31
Richmond
6th
:
——
"
2,770,139,805
2,313,608,556
+ 19.7
2,022,252,876
1,688,532,845
—-——-u
—
'
7
44
874,596,424
706,341,065
"
565,061,186
432,197,646
1—4—(JL—18
"
—
lOt^ Kansas City
12th San Francisco
-
:
,
587,961,913
+
-
30.7
v.
518,441,549
417,529,866
+23.8
339,040,042
623,776,899
'
993,256,475
750,976,109
+32.3
689,531,581
11
"
737,519,723
..565,106,467
+ 30.5
511,102,880
454,631,066
—19
"
1,437,299,491
1,122,099,983
28.1
1,007,669,638
■; ,-895.003,577
$22,835,233,658
$21,340,482,419
'
-
...
'
190 Cities
Total
Y.
.:
-16
Louis
+
$25,157,150,270
+ 15.1
12,545,574,166
$28,959,129,231'
y
+ 23.2
15,452,159,925
City
32 cities
Canada
11,029,591,650
9,617,767,054
$1,559,641,676
■
$1,162,814,624
„
$
$
$
1940
1941
1942
1939
1940
27,297
Federal Reserve Districts
25,872
26,839
2,685
1st
Boston
*
.
14 Cities
—
2,244
2d
New
2,126
1,907
1,728
3d
Philadelphia
3,421
2,974
507
394
348
313
1,078
834
737
667
4th
Cleveland
2,877
i.
I
14
"
31,677,401,706
"
•
18
"
-
—
/
4,849,656,664
F
5th
1,248
1,127
6th
773
644
3,225,691,002
4,072,101,218
.
Cincinnati-
358
271
237
210
747
575
506
450
7th
Chicago
8th
St.
9th
1,824,966,382
i
|
"
-6,112,247,863
j
Minneapolis
857
758
694"
1,023
861
712
586
552
462
514
394
355
327
10th Kansas
*1,735
489
1,275
948
775
11th Dallas
390
314
284
390
349
313
1,138
621
474
405
338
1,340
272
259
205
783
New
246
185
166
155
783
592
441
355
"**
.
186
150
132
173
126
120
111
360
268
253
59
52
43
37
129
110
96
;
—
—18
City
—11
-
1,907,186,516
i
1,503,930,094
44 V.
1,234,384,861
I
937,136,890
!
1,628,875,425
:
1,209,661,788
!
2,406,217,448
»
$54,169,558,457
s
26,872,882,309
»
?
$3,070,066,119
;
+13.1
2,127,279,912
-
'
1,498,253,026 +
v yy-
i
+31.7
+30.6
++23.9
! T'
.
3,133,189,711
2,336,323,853
1,080,411,831
.
1,372,280,813
3,670,814,119
1,111,772,798
751,740,191
1,561,249,290
+24.3
44
:•
•
3,589,965,802 y
2,729,346,911
1,257,641,397
.
.890,297,925
1,473,308,878
1,084,670,072
2,168,020,164
•
$2,033,976,974
27,749,485,337
4,387,865,285
1,248,764,719
+26.8
44 'yf:.
7
^16
•
+26.0
+22.9
241
Providence-
Louis
.
y
26,876,193,117
^
+20.6
4,973,477,221
-
'",$2,249,868,011
+26.2
1,898,458,031
—31
1
y
1,513,404,889
2,391,312,981
536
358
+ 20.5
41
Atlanta
932
Minn'polis_
+11.8
,
"
Richmond
1,318
260
Cleveland—
28,341,942,195
4,025,292,333
<
2 Months
1939 ; /
2 Months
1940
Inc. or
Dec. %
'
9
932
531
301
'
+21.0
.
16
1,091
583
1,633
1,673
1,333
618
364
440
$2,505,471,141
1941
$3,031,522,608
-
—17
York
775
530
2 Months
.
1942
t
$
$
'
3,832
620
8.6
: i "^-7%
.,+■.
2 Months
1939
4,640
1,233
+
$1,445,652,850
$1,570,642,051
another table showing the clearings by Federal Reserve districts for the two months for four
years:
2,596
Detroit
gain in
28.1%.
+
"
809
Orl's_
with
13,109,384,436
-18
Cleveland
1,395
525
Francisco
$945,755,762
2,217,257,868
1,037
City
San
and
27.3%, Atlanta of 25.9%, and St. Louis of 23.8%.
remaining
gains,
14,073,811,469
N.
30.5%
$1,025,584,623
"
428
Kans.
$299,659,921
+20.3
"
871
774
2,197,377,144
$421,204,356
$1,168,024,481
14
Philadelphia
1,605
Fran._
$5,841,067,272
2,488,075.455
Feb., 1941
——17
York
New
3d
Baltimore-
San
$5,695,736,309
+
$1,405,567,237
997
Pittsburgh-
19.7
+ 24.3
Feb., 1942
Boston
1,793
Louis—
211,852,728
Cleveland Federal Reserve District showed
In the
an
of
crease
of
1,211
1,338
233,053,758
ment of
30,443
3,393
1,539
—
—
64.469,204
+ 26.8
the nearest approach to this level was the 30.7%
the Minneapolis District.
Dallas followed with
-Jan. 1 to Feb. 28-
13,507 12,612 11,806 12,223
Phila.
77,908,978
today a summary of the clearings for
February.
For that month there was an
increase for the entire body of clearing houses of 15.1%,
the 1942 aggregate of clearings having been $28,959,-
2,123
York-
Boston
St.
'
$
$
New
CITIES IN FEBRUARY
LEADING
Month of February
omitted)
;
V
.•*
—32 cities
We append
CLEARINGS AT
(000,000
.
124,102,024
206,728,694
the month of
statement:
BANK
>
is shown in the subjoined
four years
last
141,300,776
clearings at leading cities of the
bank
country for the month of February and since Jan.
each
352,868,309
''240,954,071
571,070,735
216,237,480
148,913,640
::
—112 cities
Outside
The
•
387,448,561
284,054,895
217,800,512
"
<
Ganada
25,182,350
13,878,323
15,990.665
13,470,755
13,312,960
8.969,195
3,308,566,163
'
i+21.6
i
366,837,048
.Vv
Total
11th Dallas
1939
1940
1941
1942
3,734,043,048
!'V;
+ 14.6
735,644,664
\
218,331,183
———.—
s
$230,749,028
2154,389,126
44
6
?
1939
1940
$243,776,800
+ 20.6
7
ilO
-----<
5th
properties
The volume of transactions in share
t>
Dec.
or
r %
+ 18.6
181,014,010
4
-
1941
.-+ 28.2
"
"
'
4th
government
Inc.
-
488,839,410
7th
U. S.
rise
363,569,984
6
OutsitfiNfl. Y. City--
4,931,000
8,862,000
Chicago
San Francisco
year ago.
a
3,254,285,058
18
2d
Foreign govern't
year ago;
594,221,265
Federal Reserve Districts
.bonds
/
extreme, Kansas City registered an increase of 32.3%;
Bonds
bonds'*$148,551,000
a
466,011,266
'
V
10
V-..' '*.*•*"'v.'*
crease
,y-.v
■
week
same
improvement of 28.8%.
a
$296,711,866
44
1
FrancJsco
12th San
.
22,282,155
20,919,426
8,969,195
7,925,761
shares
'of:
1941
1942
1941
1942
Description
the
over
129,231 and the 1941 aggregate $25,157,150,270.
New York Reserve District the totals showed
detailed statement of transactions
Exchange is appended. The re¬
Our usual monthly
on
ing week
y
7
11th Dallas
+ 12.2
for the week covered by
in our issue of next week.
Complete and exact details
appears
Philadelphia
3,727,889,601
-10
—„nr,
—1
Louis
•
Total all cities for week
located, and from this it
Reserve
of 26.8%, Minneapolis of 23.6%,
of 21.6%; Atlanta followed very
closely with 21.4%.
Richmond and Boston had gains
of 20.6% and 18.6%, respectively, from the correspond¬
and
$352,022,035
-
Philadelphia
3d
10th Kansas City
—
1942
Cleveland
.
-
-
'
.
OF BANK CLEARINGS
y ■;
:
—__12
101,478,244
$4,877,221,425
1,137,293,285
days
five
cities,
•: :,v:
.•
12 cities
+ 19.6
+ 19.6
+26.6
130,609,962
131,546,277
'
n
•
2d
-•
days
five
-
Boston
104,723,662
Other
Week Ended Mar. 7 y
1st
i—
Eleven
:fe'SUMMARY
+ 17.3
+19.6
'
following we furnish a summary by Federal Reserve districts
In the
0.8
—
•
,
an
with
next
was
064,770 in the same week of 1941.
Outside of this city
was an increase of 24.3%, the bank clearings at
this center having recorded an incresae of 15.2%.
We
+ 13.4
York
checks cleared
%
.
New
followed with an
increase
an
19.7%, the aggregate of cjfearings for the whole coun¬
amounted to $7,407,339,405 against $6,187,-
+22.3
——
*
was
* •
District
(including this
increase of 14.6%, the smallest for any
district in the country.
The best gain was made in the
Dallas district, where there was. an increase of 42.2%.
At Kansas City'there was a *35.6% gain in volume of
try, having
91,800,000
156,262,473
^
of
For that week there
7.
the
,
city) recorded
the elaborate detailed statement, however, , which
present further below we are able to give the final
and complete results for the week previous—the week
+35.2
157,374,641
128,500,021
.
that
In
March
>'
the cities according to the Federal Reserve dis¬
group
we
ended
*
:
i
.
tricts in which they are
and
estimated.
v
'
*
Monday,: March:; 16, 19'42
C LE ARIN 6 S
the week
as
the. Saturday figures,will
not be available until noon today; .Accordingly,.in the
above the last day of the week in all cases has to be
85,175,743
Detroit
Baltimore
much
as
Federal Reserve Districts
Pittsburgh
Cleveland
today, in
(Saturday)
today
112,300,000
156,979,000
——
—
Francisco
San
ends
115,122,271
City
St. Louis
We cannot furnish them
there
*r
.
_
Week Ending Mar. 14—
New
'
l4
Clearings—Returns by Telegraph
B AN K
OF
COU USE
THE
'
•
FINANCIAL CHRONICLE
•
1,375,094,471
968,862,443
1,943,677,896
i
83
Louisville-
218
Omaha
v
Milwaukee-
105
92
90
78
228
196
189
167
Buffalo
198
156
141
117
424
331
299
249
St.
140
106
105
87
306
232
225
189
160
128
117
107
333
269
247
Francisco
12th San
44
19
—
190 Cities
"
3,111,088,617
1 v
I- $63,837,402,354
+29.3
*
+17.8
::
(
$47,532,630,387
$49,522,191,571 +
229
Paul-
Denver
•
Total
Outside
-
N.
Indianapolis
102
84
74
64
226
187
169
148
Richmond-
222
185
164
143
475
402
345
142
119
83
67
322
263
184
183
147
117
530
385
313
262
79
61
58
50
187'
142
131
116
54
48
45
40
126
114
100
56,780
17,057
48,389
44,450
42,975
2,107
5,781
5,072
4,558
28,959 25,157 22,835 21,840
63,837
54,170
49,522
47,533
January
15,452 12,546 11,030
33,394
26,873
23,650
20,694
February
•
$3,473,708,982
—.32 Cities'-..
89
25,652 22,446 20,468 19,733
33,393,662,899
■
20,694,032,368
23,649,734,922
$2,962,662,332
$2,540,288,821
148
245
r
City—
303
Memphis
Y.
SeattleSalt
L.
C'y
Hartford
_
,.
,
Canada
-
—
The following
compilation covers the
clearings by months since Jan. 1, 1942 and 1941: •'
Total
Other
—
cities
Total
Out.
all
N.Y.C.
We
3,307
now
2,711
add
2,367
our
9,618
detailed
statement
,
1942
-Month—
$
:
1.
v
:
*
:
28,959,129,231
Clearings at—
$
'
1
.
%
%
17,721,239,974
15,452,159,925
.
+15.1
14,327,368,153
12,545,574,166
.
-Week Ended Mar. 71941
1942"
$
$
$
5,454,944
19,488,922
+
22.3
967,165
+
41.8
3,463,018
+
22.1
303,374,560
+
28.4
1,073,282
708,651
+
8.3
403,775
464,110
+
36.0
844,081
647,287
+
12.8
3,956,386
3,598,385
2,163,430
11,837,966
5,055,552
Dec. %
18.4
+
Inc. or
1940
$
First Federal Reserve District—Boston—
-
3,048,526
-
Portland
Mass.—Boston
Fall
6,668,865
+ 43.9
27,630,767
1,210,588,451
Bedford
Springfield
i
*
8,261,691
+ 19.6
4,073,916
1,641,535
2,940,465
+
13,909,433
—
2,595,995,389
+ 26.9
1,592,320
3,332,346
-
+ 21.4
3,005,738
1,801,448
-
997,158,883
3,815,351
-
—
Lowell
12,693,246
+
9.7
3,769,767
+ 13.3
4,077,791
2,125,625,166
6,432,917
3,440,622
3,480,781
6,369,240
9.6
32,913,678
29,166,037
10,287,808
Waterbury
+ 11.4
23,535,430
20,159,591
48,099,169
19,590,398
+ 13.0
126,443,254
+ 16.8
50,134,967
6,365,300
*
Haven
9,233,297
54,341,179
22,872,637
Worcester
Conn.—Hartford
New
+ 16.4
8,642,397
1,904,647
River
Holyoke
New
2,619,918
12,435,036
Me.—Bangor
6,749,700
58,505,200
52,028,600
2,028,815
114,100,345
42,512,309
14,138,300
110,428,300
4,673,667
—
5.7
14,084,100
'
R.
L—Providence
N.
H.—Manchester
Total
(14
;
-
cities)
2,359,875
1,405,567,237
_
1,168,024,481
+12.4
+ 16.3
+ 20.3
-
128,767,600
5,165,393
3,031,522,608
2,505,471,141
642,247
*
'
2,258,903
254,638,752
*
+16.7
2,571,026
+ 10.8
14,205,982
+ 17.9
6,447,741
—
16.6
-14,209,400
505,619
+21.0
352,022,035
.
1939
$
+ 50.6
511,596
410,178
+
53.3
+
19.1
+
51.5
1,772,909
210,552,078
671,297
197,895,086
712,409
—13.0
~56T037
~43~5~364
+ 30.4
614,748
506,732
9.9
2,938,189
1,715,426
11,511,870
9,*326^900
1,521,854
+
27.5
3,502,344
2,080,411
9,913,759
3,914,928
14,181,000
+
0.2
9,157,700
515,583
+
1.9
523,993
490,926
243,776,800
230,749,028
+
+ 18.8
+ 20.0
0.4
+10.5
+
+23.7
+23.2
ended March 7 for four years.
$'
$
•
.
:
.
Inc. or
Dec. %
1941
1942
.
+ 19.5
February and for theweek
1941
1942
Dec. %
• .;■■ :
$
Inc. or
1941
1941
29,012,468,197
25,157,150,270
-2 Months-
February
1942
.
Clearings Outside New York—
Total All
•
34,658,010,123
showing the figures for each city for the month of
-Month of
;
MONTHLY CLEARINGS
Clearings,
„
,
296,711,866
+
18.6
3,284,094
Volume 155
Number 4055'
•
>
-
THE COMMERCIAL & FINANCIAL CHRONICLE
a
.
;
a.
wi.
•-«•«
-
-
•
•
-
-
<■
-Month of February
AaAvAv.'
V-.A- ''aAA-A/A'A:'1942 Al >AAA
Clearings at—
A-.A'AAAAAv
,
$
AAyA
/
y.—Albany
"
Blnghamton Ar———_
Buffalo
"
V
Elmira
■
Jamestown
♦
AA" '
_
New YorkAA—
A*: A
A 'A '
4,053,776
—
7.1
<
,
+ 27.0 '
"
•
'
v
: 1+56.3
't *
13,506,969,306
<
-
•
8,735,604
8,345,035
'-
Total
(14 Cities)..-
:
■
■
V 31,677,401,706
-> +^7.4
28^341,942,195
i
-
.
Third Federal Reserve
'
■;
J.
.-.^^...1......:.^^
*
'
\
' r
"
<<
—
i
:
•—
.i
1,880,919,755
358,037,433
10,572,030
271,491,171
I
.,
I
620,534,021
:.
Columbus
+17.9
—
—
4,849,656,664
46,331,000
3,422,406
1,083,320
-
Mansfield""__:/_i__«.,„«___.
8,659,479
12,866,772
—
Youngstown
Toledo
___
Pa.—Beaver
___
__
_
___
—.
t
+31.9
26,905,742
+ 19.5
21,959,061
24,785,455
3,254,285,058
+ 14.6
3,308,566,163
3,734,043,048
541,545
737,940
—26.6
596,330
+ 21.6
505,310
+ 21.2
1,359*150
~+35~9
448,148
485,865 ■*
387,291
333,320
861,551
1,846,604
v
<
426,146
1,295~871
,
" ; 580,000,000
t
1,182,392.^,818,781
'
20.4
+ 27.4
— 1.9
476,000,000
+ 21.8
—13.8
"
1,280,471
+10.5
"
2,144,123
1,100,630
1,248,563
->•
-
343,000,000
377,000,000
1,371,480
2,550,899
•
5.7
+13.4 ;:-;:
1,149,070
2,066,496
820,634
744,697
«
t
"
'
'
1,901,185
1,393,371
+ 36.4
.3,344,900
3,224,300
+
3.7
2,500,700
2,175,800
594,221,265
.
488,839,410
+ 21.6
387,448,561
352,868,309
■
1,085,458
982,858
+26.1
7.6
+
3.1
+10.3'
+
r
'V-; .-v'i:
—-
-24,333,548
+20.5
22,530,727
-
+15.5
..
746,509,742,
1,340,499,420
f,
.+31.0
f
.
+
6.6
+
.
10.9
v
r-:".
0.7
—
"
1
:
21.3
+
1,022,518,678
3,393,005
2,985,490
+ 13.6
2,385,757
1,868,257
67,132,595
156,057,538
+ 39.2
122,806,649
+ 27.1
56,335,605
91,179,342
49,347,696
79,381,531
8.0
11,316,900
12,158,300
93,456,599
31.1
15,123,500
+
;
95,803,700
+ 15.9
•;
5,084,487
+35.5
>
1,921,711
16,733,017
+ 26.6
+ 15.4
2,574,931
2,331,789
5
24,278,064
+ 16.7
3,735,575
3,705,901
11,432,344
+
46,059,772
+ 21.9
2,020,016
6,887,611
2,432,417
19,309,708
28,322,700 "
12,422,444
+31.8
8.0
+
+ 29.8
575,184,487
:
111,009,500
v
+34.0
-
+ 36.2
191,670,118
466,011,266
.
56,163,983
+ 25.0
620,473,053
+ 24.8
7,150,633
+ 24.2
!
13,999,600
+
+10.4
1,786,185
1,389,630
0.8
2,925,785
2,246,087
150,607,960
+27.3
118,125,321
94,562,570
363,569,984
+ 28.2
284,054,895
240,954,071
'
'•
+
8.7
•
1,907,336
^
-
1,476,774
+ 29.2
+ 22.5
14,477,499
1,332,956,129
15,217,145
18,592,155
20,354,501
13,527,295
4
3,225,691,002
+ 26.2
.
1,633,210,879
19,039,466
-
i
+ 30.2
8,771,684
6,980,814
v
:
♦10,000,000
23,828,941
+43.3
28,994,163
*
7,006,918
-
(IT cities):
8.5
+
6,455,541
1,914,379,689
Reserve
Va.—Huntington
2,773,953
+ 24.4
?14,164,000
3,449,835
***+39.9
.
19,821,000
•
w
ZJZZZIZ
7,466,120
+ 28.2
+ 42.4
+
7.0
+20.2
C.—Charleston
7,530,628 >
/
-
2,368,523
-
138,252,606 V.
++ 6-;7
-
'
14,362,383
21,766,296
1,529,706
118,571,597
1,951,203
1,609,093
:J
18,397,456
<
+17.5
364,100,023
>-V
r
47,937,756
24,064,528 j*
-
+65.4
'
427,776,277"
Frederick
•
+ 36.9
:,+ 49.6
:
.
-
542,539-
* -
350,420
■
-
•.*+
9.4
a+21.3
5
2,626,000
v
36,210,920
/*;•:
1,395,446
-
U
*
1,996,000
33,136,960
1,082,551
"
•
5,176,818
:
Md.—Baltimore
D.'CT.—Washington 'Ai-
'•
10,849,587
716,865
3,362,000
52,466,601
5,902,123
30,517,000
16,331,970'
+17.0
6,433,775
; A Ai
11,580,055
A*; "8,560,900
i—
Oreenville
981,261
5,029,000
401,660,377
-
42,138,000,,
474,818,538 '
-
'
184,540,927
221,820,002 *
v
Columbia
+ 25.1
District—Richmond—
Va.—Nor folk
Richmond
2,751,861
-
4,072,101,218
-
11,430,437
-
?
+ 45.6
658,862
8,882,341
-
City •
.1
Ky.—Lexington
W. Va.—Wheeling 2—
890,950
774,099,381
•
_
_
Federal
:
.
21,443,068
1,288,199.
823,253
_
Oil
8,120,680
11,599,088
5,643,425
1
.
26,000,565
_
'
Erie
i
15,900,294
•
Co.
Greensburg
Pittsburgh
c
298,865
16,365,014
725,040"
612,255
+
.
' 4,025,292,333
•
-
2,554,955
822,081
__________
»+
1+5.2
473,707,185
53,516,800
Hamilton
'Lorain
Total
I
11,122.091
-
Cleveland1
8.
-414,053
+ 11.5
Federal Reserve District—Cleveland—
Cincinnati
W.
-•!<•&£>
■
2,217,257,868
'
—
Ohio—Canton
Fifth
+ 24.4
,
1.1
+
,
*
368,029
20,832,280
3,727,889,601
+ 20.6
.
.
3,646,766
•
•
457,729
+21il
'
—
I
5,373,304
+ 25.4
.
«
3,425,846
4,017,276
23,219,184
32,158,322
+26.5
.
Fourth
vy
—16.5
~+l~9~0
9.4
—
.
-
A A 'v«-,
6,851,400
6,642,978
9.9
+
V
,
636,860
A
5,560,939
7.9
+
....
Total—(17" Cities)^
378,912
7,763,869
+ 15.3.
6,617,541
+ 21.8
*
:
9,296,393
5,548,953
7.6
+
.1,706,025
-
'
,853,128
•
-
1,961,262
— 7.1
4,025,906
4,373,250
3,717,301
* +17.4
9,499,801
7,797,684
1,744,666
— 2.2
4,030,015
r:
3,668,110
Harriaburgf +L.--..—
10,812,858
9,932,219
+0.9
22,721,242
20,776,846
Lancaster -6,789,188
5,201,668
+30.5
14,172,372
11,202,771
7 Lebanon
2,019,650
"
.2,161,090
-— 6.5
,
4,428,675
4,478,i00
Norristown
^
:
2,079,144
'
1,779,000
' +16.9
- v
4,517,720
v
3,602,018
>
Philadelphia. ..'.uii.
j
•
2,123,000,OOO r^+ t,793,000,000 ->- ^+18.4 ? ^- 4,640,000,000 :: '; ' 3,832,000,000 :
Reading4,904,764 ■' w?■' :
6,067,263".A Ar~19.2 A A10,998,363 *
^ 13,844,983
Scranton
10,651,917
9,282,493
"
+14.8 .
21,871,162
20,698,389.
Wilke8-Barre -..i...-._>_.A—.
4,364,604
"
3,187,522 > --v-. +36.9 '
•
9,723,747.
8,078,822
: •' York *
' 6,823,053^v
5,576,457 A* " A22,4
A
15,294,018
;
12,004,996
Pottsvllle"
1,044,080
•
' 1,103,687
— 5.4
.2,355,198
2,400,969
Du Bois
699,842
573,178
+22.1
1,411,668
1,119,840
Haeleton
"
2,545,266
?
A 2,339,389
+^8.8
5,492,226
:
> 5,105,709
Del.—Wilmington
17,369,758
!
: 17,173,560
+ 1.1
38,249,751
37,100,746
N. J.—1Trenton
.16,261,500 ; /
16,119,000
; ^+ 0.9
'
40,864,800
37,039,100
.
7,575,394
1
+11.8
Bethlehem^:4,365,089
Chester
10,717,647
+12.0
1,821,130
•
■
3,643,690,128
+14.3
"
1.8
+13.2
+
446,769
751,749
3,207,660,854
-811,224
+ 15.2
+
»
26,000,000
'
District—Philadelphia—
......—."
Pa.—Altoona
13,109,384,436
14,073,811,469
^
13,795,870
1,018,344
'29,000,000
+
+ 14.1
?
A
3.4
+ 21.7
1,532,756
38,700,000
-
899,607
+18.4
8.3
.
—60.8
29,894,604
:
3,112,840,506
+
.
.
r.
1,026,412
5.9
+
,
......
-
or
Dec. %
,
3,586,816,132
+11.5
+15.5
„
Inc.
-
•
.
47,100,000
^ ~ 927,108
7
^
£ $
:A
■
11,716,232
1,584,341
;
':
4.7.A
+
,
..
;
,
1941
•
*')
v
7. V,:vV,;, >A.AA'VAA', A:-I;A:'>
•;
.
.
-Week. Ended Mar. 7-
*
AAA?'5,614,961!.+47.7
8,292,056
A'-
+11.8
12,611,576,104 A.A+,7.1
•
^
'
*
* '•
5'
4
.
30,443,739,455 A'A- -27,296,676,148
Rochester A-—.—A-—
< . 1 42,415,943
:A 37,687,337
:' + 12.5
A-v' 93,946,094 '
1
81,332,575
Syracuse
%
,
22,961,185
23,697,194
— 3.1 i
49,080,985
,
"
46,333,974
Utica
A„
U
4,705,771 -..AAA- 4,001,699
+15.6^:. '
10,021,885
AAA* 8,467,291 ,'
Conn.—Stamford:
' 21,320,486a
20,390,219:
Jk« + 4.6
a;
45,728,052
\ ,
42,212,877
N. J.—Montclalr A—'
;
1,696,952'
• t
1,658,216 +
+'2.3
3,720,985 3,654,257
:■ Newark A-AAt.—*.
95,716,555.
85,693,065
- ^+11.7
200,348,030 176,922,291
Northern NAJ.- AA^—A—AA116,042,792 A
104,372,925
'+llf2
269,364,855
240,557,875
Oranges
.3,236,048
A2,936,054•" a'\"-+'10.2
6,769,399
6,288,499
•;
>■'•
100,379,191. AA'
83,100,177
+20.8
13,367,006
AAA 11,785,924
;
+13.4
423,908,109 ;AA TV 330,650,311^713 + 28.2
,
1 " " +16.2
2,593,583
3,546,849
y
3,964,829
■
'*
.
49,539,995
or
■
■* .AvA^AA'A A'lVAAAAr /AAA A'.y
5,918,732
A; 155,772,464
r
;
—
—
rA'';> 1941 A ;A A Dec. % ■
1942
' A ■
$
: A
AV; : V/Av' >.A; $
vAAAI.AA;, '"A'A: V/A'A:;A>$
' 'AA'^A'AA-'.'.
6,877,079 ' r :
.
'
1942
-
"107,851,368
____
A. $
-
A'-. A -I AA^-iavAA-A- Inc.
-
"vA
Dec, %
1
45,999,379
"
_*
'
2 Months
A -' *A
or
1941
A;;AA:'\A:A::
Second Federal Reserve District—New York—
••'.-V.:! •
:
'
>A'AvAA::
A/A'A
N.
£
■
931,975,121
'
+16.6
772,786,888
121,777,200
95,830,719
4,706,159
305,068,490 '
+54.8
-
*•
12,100,081
250,758,880
36,125^918
31,557^577
1,513,404,889
218,331,183
181,014,010
64,790,573
3,550,861
22,745~520
r
"
•
-
A
Total
(9 Cities)
+18.8
"-708,140,386
841,159,826
...
1,824,966,382
124,102,024
141,300,776
ySI*4h;Fed«ral. Reserve District—Atlanta-
Ten n.—Knox vl lie
:
Columbus
Macon
45,647,841
189,664,377
+ 27.4
6,159,951
5,364,664
4,301,173
+ 27.6
30,742,180
23,175,629
19,237,289
3,983,772
18,472,295
823,900,000
654,000,000
+ 26.0
93,600,000
77,300,000
56,900,000
47,900,000
+
12,360,010
.13,726,822
13,203,211
252,763,244
15,512,716
227,994,452
+ 79.8
1,312,812
Pla.—Jacksonville
+ 38.4
21,155,739
+ 35.9
10,011,259
+
5,533,336
128,674,726
II——
317,400,000
11,333,343
6,485,959
6,507,748
-
i-.-i
—
117,773,482
+
9.3
7,291,583
+
33.8
19,354,224
105,147,879
+
39.2
315,610,919
—
—
94.8
+
4.6
13,790,268
—
0.6
13,665,301
9,001,782
110,626,000
+58.Q
28,738,238
12,464,464
1.5
22,070,000
—
•
3.5
lj9~5~384
i,4_60"972
943~358
"852" 510
+
8.5
27,246,000
32,258,000
21,140,000
18,102,000
35,355~ 075
25,*09L711
19,878,439
19*279,01^
3,773,500
2,439,157
2,072,704
1,837,648
1,057,993
"
+ 24.8
23,087,000
—
24.5
4.4
23,043,553
19,103,926
5,804,768
4,539,711
+ 27.9
3.7
1,656,470
+
2.0
223,398
246,643
394,031,253
+ 30.6
62,583,813
48,838,443
165,506
44,026,247
41,192,57+
1,898,458,031
+ 26.0
264,389,126
217,800,512
169,977,528
152,814,63i
245,760,345
184,755,905
+ 33.0
1,690,373
514,477,372
1,129,080,038
896,685,166
+ 25.9
2,391,312,981
—
1,625,293
0.5
+ 26.0
2,373,509
782,798
—
Orleans
-
2,809,825
+
+
+ 11.0
8,939,940
'
274,293,140
+ 19.3
—
4,630,662
•
-
22,218,828
6,201,161
6,549,459
Tampa
i
——9,752,796
Ala.—Birmingham
—
146,356,752
I .Mobile1
i
a-—
14,225,492
I Montgomery
——..—•
5,524,442
Miss.—Battiesburg
;——
10^468,000
; Jackson'.: 11,268,553
'.Meridian
'2,634,513
■:i Vicksburg
754,198
La.—New
58,176,736
242,014,797
22.4
88,979,296
388,500,000
-
r;^AugUstav;vviAA^i.il'«,ai.:«.i---.
.
+ 23.5
+ 29.6
+
20,698,374
25,557,998
115,275,173
*
Nashville
Oa.—Atlanta
—
+ 20.6
136,825
'
Total
i '■
k
—
--,
.
'Detroit
■
-
-
Federal Reserve District—Chicago—
I. Seventh
2,068,570
592,214,867
—
,—1
12.8
4,458,023
4,499,700
+ 32.2
2,371,000
782,792,743
Arbor
Mich.—Ann
4
cities)
(16
'
1,735,450,226
1,274,603,643
+
—_
Graftd Rapids
Jackson
—
———
5,818,084
5,267,324
+
10.5
11,385,767
10,468,532
—
Flint '-A
15,029,852
14,967,970
+
0.4
33,593,205
31,770,186
3,312,972
2,704,049
+ 22.5
6,858,758
5,654,874
—r—•
■
0.9
543,709
431,228
+ 26.1
464,860
376,318
+ 36.2
216,903,320
148,403,465
+ 46.2
93,337,031
74,253,770
3,930,036
3,846,812
+
2.2
2,956,395
2,398,727
2,759,630
2,649,910
+
4.1
1,703,749
—
+
8.8
+
L
5.7
+ 21.3
"
Lansing
10,061,357,
7,733,145
+
30.1
21,935,491
3,729,448
—
—
3,314,222
+ 12.5
8,432,156
'
Muskegon
—
15,762,637.
+ 39.2
6.666,503
I
+ 26.5
1,083,991
"..A-.;A'A;" :y[r, ;•">
.
City
Bay
•
——-1—
Intf.—Ft/ Wayne,
V
Gary
—
""
.Terre
Haute;
\
\
•
i Manitowoc
_——
—L
la.—Cedar Rapids
:
Moines
Des
—
.A
*
-——
92,129,550
K
A
51,279,362
—
:
'
Ames
*
Bloomington
;
Chicago
—J
;A
;
I7
1^10,997
"+22.7
A'»
28,247,066^
A2i;852,P0Of
A.;;
2,581,464
2,404,927
+
6,056,186
-5
+ 22.5
13,304,951
;
+ 14.6
A
195,775,013
3,488,668
1,597,188 i
6,718,367
•
*'•
+16.2
-
+29.3
>
7.3
;
■
:-y
,
." +
21.3
+ 28.5
6,410,703
1,387,572
:
:
3,500,732
.
+21.6
23,789,752
29,749,386
+
25.1
VvAl
18,006,379
A,;..,
.
A 1,017,122
:+ 36.4
I
-
+17.1
82,191,153
A +33.7
31,954,120
+ 30.8
A-r
AAT;
—
+19.0
10,728,200
V
/
1,265,693
4,802,847.
„
•
21,482,404
+24.5
2,941,695
12,562,979
i'A
,
/+13.8
.
A
5,311,241
i,.
..
'
A;'
956,918
17,350,000
1,777,631
,
.
'
>
:18,156,000
+ 10.9
.
V-
+12.1
;AA
6.6
+
50,774,622
7,978,292
1,488,485
+ 29.1
14,607,206
12,281,150
+ 18.9
5,493,080
4,147,194
+ 32.5
1,921,694 vi
"
A 1,171,209
1,166,948
-
*
+ 27.2
:
841,164
—
2,092,697
+
?+
1,738,998
4,931,837
-
•1227,557,589
15,028,086
.
109,908,096
'
v
"
•A
41,792,460
9.0
1,675,542
9.3
4,992,351
4.1
A + 15.0
1,721,938
4,257,144
;
3,899,126
3,392,896,786
+ 11.7
4,416,321
17,766,365
_—1—
20,400,987..
A "; 3,968,836
**; •
"
9,777,942
8,377,483
3,710,260
I'¬
A:
—
r
A,
3,137,467
2.7
-
-
A.AI 620,273
563,134
+ 10.1
408,818,680
+17.9 A
2,877,129,767
A
I;-.;/
;;.VVAVV-
+12.9
3,453,905
;
"AAAaV'-A 1AV.'
A
+17.3 A
.
331,284,465
+ 23.4
368,120
A>"
304,618,421
I'
•
....
355,202
261,171,794
*
16,169,686
•
Peoria
14.5
+ 23.9
+ 28.7
1,338,315,207
1,538,532,696
;
Decatur
A
»'
2,982,043
,
V
-
■
•
A)+
••
2,389,261 'A
/ wA-J/A :y
+ 20.6
A 187460,890
15,242,011
2,678,424
+ 14.3
'
2,286,565 >.
.1
&PI
62,181,246
A+ 14.8
+ 16.5
34,756,212
21,737,469
39,847,055"
765,701
—
IllI—Aurora
225,792,169
2.3
;4,790,127
.-*•
19,109,224
_1——
+ 22.0
17,416,796
"
'
City
39,726,366
+17.0
1,313,441
'
Sioux
r
-
■
■A 512,813
5,822,697
\
:
—
6,230,427/
622,173
1,687,683
—
15.2
—
23,714,950
•
I
A:I- 1,506,860
3,658,556
A
—
Watertown
>
9,859,729
•
1,866,950
>
;/+
+ 16.2
6,052,572
20,297,591
-
105,493,387
—
O8hkosh
;
7,149,689 1.-
i *•
*
—
Milwaukee —
Sheboygan^.-/
v
27,742,290
.•
{
I
7,032,956
A +19.8
83,566,152
•
9,634,380
———
Wis.—Madison.
\
16,155,914
101,979,168
Bend
South
7,847,560
v18,614,908
Indianapolis
:
'
>
9,402,866
Z——.
+ 13.6
2,790,606
3,169,266
—-
rrs—^
ll,899,179
9.9
42,600,093
+
10,279,504
'•
v
='•
+15.8
1,605,903
A:«:
+17.8
4,832,189
AA
V
4,607,779
A
+
;
1,677,481" 1
1,320,735
+ 23.0
34,624,099
4.9
1 040,079 >?
-
842,189
A* ' 3,296,073
3,776,838
•
7,629,862
Springfield
;
,
sterling !
A
—
...
'
•'
I
+ 12.4
5,758,918
720,884
—;
6,788,761
5,649,273
Rockford
638,914
....
V 16,526,811
14,417,689
+ 14.6
2,142,043
1.9
13,487,491
12,426,086
+
8.5
1,777,428
1,490,494
1,367,310
+
9.0
—
+12.a
f
..
.I
.
A4
1,591,603.
_
-
J
-
^
;;
+ 27.7
1,373,968;
956,336
1,148,214
•+11.7
—
.......—,
....
,
I'
■
.«!(
r
~
Total
(31 cities)
—
-
2,770,139,805
2,313,608,556
+19.7
6,112,247,863
4,973,477,221
+ 22.9
735,644,664
571,070,735
+ 28.8
474,001,420
400,950,610
1086
•Week Ended Mar. 7
-2 Months-
Month of February
J*' ' Inc.
Inc. or
.
-
;1942'
Clearings at—
Dec. °'o
1941
$
1941
1942
Inc.
Eighth Federal Reserve District—St. Louis—
Louis
Mo.—St.
507,353,500
_
Girardeau
Independence
Cape
Ky.—Louisville
__
'
-
_
1
Tenn.—Memphis
2,966,000
Quincy
Total
„•.!
706,341,065
12,958,926
10,665.733
+ 31.7
'
46,236,172
$
.
y
83,900,000
79,100,000
36,100,648*
31,719,951
19,060,441
+14.4
28,380,099
33.308.Tj3®
•.+34.7.
V: + 31.4
1
52,904,742
X + 22.3
679,960':'
4,815,000 r
i
;
+ 17.4
15,731,123
'
X-
5T5~6oo
«...
■
174,936,271
JXXy 216,237,480-
r~60~9"000 ;
""+3+9
*6*20* 00a
""82+000
•
1,503,930,09426.8
1,907,186,516
+ 2+5
27+575,000
',
+ 23.8
874,596,424
'
_
..
.
(
+ 34.0
263,353,770 X.
6,326,000
+ 26.4
+29.2
.
.
+ 25,3,
--
1939
V
i
t +29.6
99,700,000
129,200,000
»•
4.0
v.
•390,350,067
322,184,264
r
916,161
.7.6
+
357,723,474
cities)
(7
+ 19.1
1,162,719
,
489,274,424
2,346,q00
'
1,558,432
+ 17.2
344,786
.
••
..
9,252,574
i' 8,882,378
.
+ 38.0
.
371,077
111.—Jacksonville
6.4
—
4,221,292
547,656
'185,696,870
118,787,471'
X
834,316,003
1,078,044,857
.+ 28.6
VX + 394,396,990
' 3,953,236
755,731
217,695,153
141,501,727
-
v
•
*+
I
1940
or
Dec. %
$
$
$
-
or
>:Dec. io
1941
:*r 1942
140,270,089
23.6
+
127,066,074
Ninth Federal Reserve District—Minneapolis—
Minn.—Duluth
Minneapolis
.-
X
St.
105,762,451
+ 32.6
305,587,741
232,22+008
+ 16.0
3,576,419
2.810,983
505,935
10,381,374
984,000
+ 22.8
940,580
770,000
+ 22.2
_____
;
9,324,379
Falls
X
—1.
Mont.—Billings
.
1,890,969
:
55,467,346
"+~12.9
24,387"016
23,68+571
17.0
2,451,340
2,113,466
33,137,390
3.21+9L4
2,745,1.71
+
+ 114,196
6,174,254
850,964
+
+847,710
8,024,708
6,982,250
1,19*4,216
+
10.0
8,063,204
3+958,324
682,739
""6161796
~j29~93i
+ 28.4
819,668
""592; 7 24
3,~7~45~490
"+5~7
3,T02;525
2,468" 8 53
119,603,823
+ 24.5
102,489,772
+21.2
7>7
30.9
.+ 49.9
+524,355
:
.+ 49.2
13,859,718
\
"
*
-
8.1
________
; +14.9-
6,528,414
.
:
;
,
23.5
+
.+'/{ ,..+17.2
27,266,340
.
459,928
543,710
3,957,279'
;+18.2 >>
'
Total
+ 30.7
432,197,646
565,06+186
cities)-
(16
#
937,136,890 ,+<> X+31.7
■
1,234,384,861
.
;
XX'
■
/'*'-.* *.,.-.
>;■
,
•
4
XX
.
9.9
,9,209,032
+
225,346
...
+ 33.7
+
.
+ 23.6
3,006.200
v:
+ 16.5
..
1,720,000
.
+
12,383,820
243,710
Lewistown
.•, ,
2,038,000
20,769,467
'
15,307,017
-
2+653,84a
.
2,725,000
+ 10.9
:.:-.
3,343,252
3,307,186
Falls
Great
Helena
+09+535
25,229,055
.
+78.6
690,955
"
3,602,031
,
+ 43.2
■X'
6,511,939
i
766,392
Huron
.
2,49+972
4,450,558
B.—Aberdeen
+ 10.6
.
•
837,813
—27.8
365,169
+208,000
Forks
Minot
? 2,741,804
+
+ 27.2
—23.2
~
1+480,713
_
3,466,244
67,580,240
~
X
•
+31.6
+342,010
6.1
32.3
37,410,894
•
+' 1:0
1,557,659
___
D.—Fargo
Grand
Sioux
.'
+556,914
Paul
Fergus Falls
B.
V
3,747,766
74,447,111
.
+ + 33.6
3,359,319
3,517,889
98,507,252
+ 17.8
<
;
+552,023
Winona
N.
0.4
23,417,120
586,029,828
140,274,114
Rochester
v
27,588,354
783,138,961
3,393,796
,;T-
t y;
.
J,«-
\-h
*V x-;
148,913,640
.
87,685,560
"-'i.'n.-
{.
.v
'v X
District—Kansas,City—
Federal Reserve
Tenth
"
+ 11.2
+358,202
12,51+254
10.214,394
+ 22.5
26,384,139
172,694.213
125.878.981
37.2
359,649,594
268,444,541
*20,000,000
15.929,269
+ 25.6
*45,000,000
38,36+264
92+978
928,682
1,025,38!
726,505
—
Lincoln
Omaha
Kan.—Kansas
City
_.
Manhattan
Parsons
Wichita
Mo.—Jopl in
Kansas
St.
City
—
X
33,756.313
Total
(18
cities)-
Federal Reserve
Eleventh
Dallas
El
>
XX
■
Ore.—Eugene
—.
Portland
Beach
-
Modesto
Pasadena
-
Riverside
Francisco
Jose
,
!_____
Barbara
—_—
1,843,526
1,857,710
49,055,149
60.832.155
v''
1,2*
-"+3t3-'
10,64+935
6,816,705
"+5*6,1
6,320,612
7,475,577
"2,652,000-
2,303,000
15.2
2,99+000
2,152,000
61,577,817
—.2.8
84,780,662
+ 32.5
2.3
+
.
:v;;
cities)
—_—___
Outside New York
v
'
593.337.125
/"
6.434.045
176.9
: + 22.9
■
V
,+
1,498,253,026
•
+ 15.4
+
,
17.5
'
■r
3,678,000
419,013,812:
+25.3
■/
+
9,730,468
+
-
186,845,129
980,390
.+ 16.9
1,097,079
982,172
4,54~7"9i9
3,56+621
+ 27.6
3,05+164
2,*940,596
,
9'i
110,113,403
77,453,833
42.2
77,908,978
64,469,204
67,461,146
49,695,533
+ 35.7
36.062,160
32,142,82?
>• * + XX+43+675
1,145,1*91
+25.7
4,160,120+;:
8,218,698
+ 21.8
'
-"
385,185,527
>
-—
+ 28.9
;/,+
i
11,289,444
"50,346,010
32,857,981
'
7.3
7,625,969-
%+ 14.8
9.4
'+
1,673,220,873
X "29,718,769
12,431,364
v
+
—
;iX:-+»5.3'
i
Hamilton
+ 111,088,617
54,169,558,457
33,393,662,899
2,389,174
"X-"
4.1
.4+443,881
"+ 10.8
X
Fort William
15,682,732
.
i+,+'24.3X;. 3,820,523,273
3,074,224,264
+
24.3
2,488,075,455
2,197,377,144
.32,514,818
:
3,361,704
+254,748
Hat
Peterborough
2,995.410
953,536-•
7,140.672
+3+6
v.
7.384.742
::
+847.774-
.
—_{
4.272.566
Moneton
2.524.985
KingSvort
—-•
•
Chatham
.
Barnla
-
+ 19.3
+338,627
+
38.0
.
,
x
2,413,690
6.021.384
+642.219
+708.022
.
,
3.778 037
.
■
.
+10.2
+
4.0
+ 15.1
.
•
.
•
+
2.970.088
.
...
;
4.834.027 "
...
.
5.8
5,177,973
2,33+916
2,119,656
4,59+486
6,775,023
rr
11.8
!
-X
?
f
8,077.986
"9.324,105
'
+ 25.9
3;684,943
X +41.1
,
+ 35.2
2,990,982
36.6
306,433
+
-
.
572,051"
36.0
418,847 ' X,
:
1,150,907
'828,462'
2.9
+- 9.7
r"
1,468,161
"X-
0.8
•
•
■'*
496,985
1,296,455
*'•-.+
1,380,939
•
,'
47+140
-
772.812
56+997
642.814
176.273
—v
"
"502,333
* '
"
"
557,253
"
927,172
1,394,127
6.3
"352,447
-
w,
701,675
X +25.5
X++1.0
212,102
628,862 '
"+10.1
3,366,866
•
"
7-23,705
629,780
"
99+3'22
'
"'"1,00+946 ~'tv.
+ 31.5
-996,890
; 34+926
-78+117
-
285,372'
25+711
'•"X "
I.X
VX 513,696
—
'
855,134
r.
1,098,019
>+224,650:
■
/"+' '7.1
;+i2.4
2,417,596
i
■
X.
1,387,605
-';'+16.0
"
-•'{■
'+,43.3 X
•X
420,738
586,58+
+ 117,188
iX 937,987
30.9
+
-
X~
-V-+ 11..7
.
352,693
1,09+891
'•'
1,768,573
2,143,002
3*183,487
4,392,516
-
.
v
~
+
3,782,592
1,484,907
"
1,548,139
1,92+006
2,728,495
1,722,437
•
2,100,379'
4,44+124
4,80+690
283,214
4,495,741
X" "
4,69+701- .,,-X
2,324,238
,
+ 64.0
; + '628,366
-•* 1,227,306
'■ 7.7 -"--X:
16,183,070
21,823,735
"
3,287,974 '"
2,799,571
48+809
-.'. v,
22,680,921
-
6,072,781
+ 10.1
5,112,626
.
:+1+31.8
.
'
105,273,388
•
5,87+402
2.3
.2,936,451
"
'
2,812,556
31+611
828,432
,
;
,
2,168.578
.308,701
635,664
896,551
+44.6
672,264
..784,994
—14.4
630,669
490.411
RU.5«4
604.578
34.2
695,986
-57+827
562,226
444,072
+ 26.6
477,882
444.051
+ .873,986
934,955
603,097,539
,455,942,270
.
13.7
+ 18,6
xi8;6
•X
-
3.598.010
i
,,-X15X
- -
,
.
+
.,
"6.5
:
—
920,406-
735,021
*■
—
(32
•',> +
+
r
+23.5
-,
'
Total
'
+
v'x;
> + 17.IX
;
-
5.295J7.3
5.734.789
3.690,302
30*102,995
7,79+978
5.6
'
"•
-
2,333,210
3.5 +
"-{ +.3+0++^
6,604.979" *
*
9,465,130
4.3
■•■'■+
'
18,524,483
4,110,419
*+13.8+-.+
>
-
28.8^8 900"
3,886,401
~
+ 34.4
3.177 968
2.420.188
2,660.211
4,351.354
;
.
2,226.490-:'..
8,945.749
.32,205,090
"
35,424,676
•{ -6,824,644
.U XX16.2X
'
.
.
6,144,932
168,118,758
4,595,112
6,352,873 .+ -.".;+ 22.9
10,478.042
15.2
-.
6,284,309
27.7
+58.5
t
120,004,692
+
X
21.7
8,242,621
n+. 11-12
:
4,817,52+-'.
"...
7.808.735
+
+100.619
■
'""
'V
5,781.738
'
•
2 534,831
•
15.405,163
+ + 70.6
+ 32.2. V
7,812,038:
'
+21.7
69,666,282
+1+4..
v
V
5,198,295"
.
6,312,963
+ 35.1
:+;2.o
X
'Xt '.
4.030,802+'.;. '-*++ 27.6-.+ •'
10,854,835-. >'■' X-+17.8
8.583,276
13,374,192
"4,891,666
{
Windsor
-
23,272,815
118,830,139'
';:;.'+,i L.7";?
+
32,828,382
23,728,109-
'
90,364,817
+
'
"
Sherbrooke
•
.
2,687,685
8,689,134
"
•
7.0
+
12+377,696
52,028,1*20
,
,
-
-+.16.4 + X.
29.200.327X
■■+
'12,79+630
-+15.8
2.247,126
3,664,703
•
2,902.289
3.036.451
Westminster
v
+ 12.5 ;* :
*
+ 15.3
3.587.497
158,874,449
XX
+18.8 V-: /
..
2+990,269 ; + -.:+ 2.3
36,285,423 X X. + 30.9
5,598,033
+1+5
'
-
+17.9
-•
"
•; $
Dec. %
150,116,072
1939'
1940
Inc. or
182,638,030
:■;+' 6.0
14,855,101";.. *.:;+
5,143,8511
+ 11.7
1941
$
18.262,075
3,553,698
+ 16.4
-
-
1942
'Jo
'
X+ 22.6
"r :
Dec.-
-' '.,+'+, 17.8 7
C+* 15.31
5+337,453- ' {
.
47,51+302
9.5
+38.8
3,579,320
_
31.4
+
.
2,382,344
■■
211,852,728
47,850,936
.
22,493,598
+
"
4,996,810
.
2,402,819
V
+2,525,764
„
.-.+899,163
{
5,84+067,272
:> /
25,667,967
-53,46 + 484
.
0.9
+
"2,267,541
4,135,468
+
+528,105
233,053,758
38.727.374
>■
.18,902,110
+2
8.8
-
Brantford
2,948,423
2,759,790
v
1,509,748
5,695,736,309
+29;3X+ ..366,837,048
"
'59,200,069
+1+7
•
+
3,991.170
-
>3,092,627
-Week Ended Mar. 5
146,985,654
'
+
5,816,730
—
Jaw
x
+597,352
+ 19.7
397,457,4-19
30,240.454
+949,128
3,435,003
+ 26.8
'
462,696,186
16.9
-2,533,844
Saskatoon
Budbury
'
12+2*10.606
168,62+000
289,324,307
28+ 214,256
^
~
+
1.189.658
•
3,8*03,389
136,777,695
3,994,086
'
6,187,064,770
1,020,293,358
X 810,626.509
165,316.289
12.6
<+
13,094,366
.
+650,808
Lethbridge
337,576,421
"
+17.2
16,627,452
-
14,338,014
—
18.0
+
1
10,106,528
\
•
:
$
955.953,842
7.7
+
8.829.710
2+845,308
Edmonton
Regina
+
"
,
3,075,933
'
-
X
i-x -.
£>;+iir X o
;X
1941 +
1942
1,08+753,731
0.7
+
-
6,884,318
10.200,712
London
X
'/o
:xr
22,408,089
7,486,716
Victoria
Dec.
25,420.075
i
3,933,011
Inc. or
12,017.608
•
+ 65.4
I+"7"0
7,407,339,405
:^+
26,872,882,309
18,731,908
8,933,620
209,516^000
mm
2,406,217; 448
63,837,402,354
'
25,029,001
----
John
•
-2 Months-
197.967,215
28,171,570
1+998 968
3/72 +401
7,181,178
"3,980,250
41
+ 23.2
69,482,792
»
27,604,596
1+787,502
'
3,054,479
k.:
'
14,048,077
3+78+209
+
16,49+394
'
125,492,835
19,505,483
■
21,464,728
+28.1
470,723,528
232,022,287
29.9
4,34+767
19,57+902
,
+ 26,9
1,318,283,661; •
24,569,372 i,:. X- +21.0
12,376,076 ;V ;>•«++. 0,4
2+545,613
+17.4
388.951.665
;
I
"+18*7
38,174,822
; ■' 49,600,003
35,343,78!+ • ;v +42.4 +
7,673,640 .»■ ' y + 21.2
31,141,406
; XV 5.5 —10.3
8,499,593 X
!
"
25.3
—
1941
.
868,937
+ 18.5v
20,981,245
•
X
vX 9,298,704
;
7.9
+
%
38,879,401
+
$
X
943,534
-
13,778,319+.^ XX+2o;.5'; X!
'
-
'
.
32,512,109 ;
+14.5
-
-
2,901,600 7 ; _'";; + 26.81
:
{"+30.9
320,143,37!?/+
X;:
X+YK5 :, '
5,511,492-X
,'r 142,183,886 X
"38,515,230
+45.7
12,545,574,166
•
•
+
X:'
5.3
'
+ 15.1
148,138,862
Halifax
Albert
+
• *
+'37'.71
:
i'X
8.6
+31.9
;
-
-
h,122,099,983
28,959,129,231
15,452,159,925
Quebec
Prince
l -' .;
; 1,145,884
-
"16,608,864
,+
:
■
3,405,160
13,805,689
(
3,787,737
'
618,400.545
10,964,402
5,486,699
.i
9,077,88^
78,256,671'-""
Kitchener
.-r—~
+
~
+ 18.6
'
''
•
Medicine
—
>+; '4.3"
:• +148.4
33,369,855 .C". Xr+26.8.1
U,209,66+788
10,596,557
11,884,695
14.6
■k +86.4
.+ 29.4
61,278,718
14,040,372
6,266,437
10,092,324
16,195,708
>
419,011,857
-—
Vancouver
New
+ 35.6
152,454,901
206,728,694
2.589,872
'
530,22+692
5.5
+
2,367,998
:
.
474,157,272
Toronto
Montreal
Moose
-_a__
37-1 h'
9.873.907
X
5,067,426
+33.7
.
151,254,989
,
$
;
__
r^8v6.r.
,
4,020,956 —+
*42,296,393
+30.5
X .+
4.043,349
1942
Brandon
X
-
455,666,690 XX XX+ 30.2
\
•
10.300,595
-
4,^4.151
1,397,000
.
3,899,278
14,891,843 •
3,510,000
775,091,359
,12,583,795
4,969,471
10,655,875
Canada—
St.
-
'X+28;9X
Inc. or
Calgary
-
-
-
X.
X-X-v
,19,932,008 '
5,512,745
7.5
+
+
x
+ 30.6
61,736.618
;
'21,644,000
Month of February
Ottawa
0.8
+
*
1,952.645
1,437,299,491
citie3)
Winnipeg
113,511,985
62,596,597
: 183,303,178
_
79,283,243
16,651,59!
'6,804,144
32,486,413
23,591,679
Berkley
(190
132,887,569
+ 21.2
15,584.381
;
Calif.-—Bakersfleld
total
636,635
"+4+5
565.106,467
4,414,571
'
Grand
660,238
609,553
1,760,296
1.166.810
1,642,000
City
(19
668,860
742~353
62,028,821
4,211.127
189,566,441
Ariz.—Phoenix
Total
-^:-:+M2X
15,413,219 tfX*; V'-+T8.6':
18,286,548
•+ 33.8
,
Stockton
694,995
747,242
•
'
.+ 29.6
,
-
(Utah—Ogden
Ban
719,969
5-
X
2,133,451
2,049,062
.
San
'+23.8,;
88,890^144
212,582,408
2,252,807 "
245,037,607"4,265,929
5,701,445
X
'
'
Santa
X
District—San
Ida.—Boise
-
;
X
-;
268,910,88r:?
vXxXxXX- .X:
'
Yakima
Long
4,983,634
.
'+19.8'
737,519,723
Seattle
Lake
2,627,971
1s ?
•
Wash.—Bellingham
Salt
2,906,783
(—
535,918,000
4,527,453
3.230.743
Twelfth Federal Reserve
*'.
17.1
+
•
' /
:
,
641.873.000
19,158,634
X.
-
:+36.6
2,519,416
9,472,616
2,742,518
cities).
—16.9
''
-
(11
72,972,951
12,210.096
9,529,000
____.
86,19~3,l95
•
2.0
29.680,055
La.—8hreveport
Total'
>
3,583,719
-
1,779,751
69,284,752
X
101,Tl7~849
+
28,906.473
___—
r+~36.9
—
1,628,875,425
275.589,304
Wichita Falls
29,806.911
•I
-5,630,572
+ 37.4
Texarkana
2,114,505
2,840,671
3,484,012
_V——
-
•
:x^,+32.8>. ?;,■ -. 138,453,916
X : 4,195,732
22.3:.
856,994,004'
332,779,414
'
54.6
+
•
4,960,733
•'
2,127,279,912
9,750,000
Arthur
Port
/
2,240,164
3,112,536
'
X + 43.4
-
2,779,813
-X: >•+
-
32.3
V X
39,332,71.0
1
2.1
+ 42.4
-
9.0
+
.
28,101,739
Houston
29,261,496
2,963,279
4,394.047
Galveston
34,237,658
6,194,323
248,895,000
r
2,492,661
+ 39.9
6,638,074
—
5.461,018
—
2,674,029
:X 2,987,946
—
.
,
341,873,000
Worth
138,952-
9.2
+
________
•.
+ 84.0
5,108,387
.1
94,612.24+
.
+ 24.3
Paso
Ft.
84,391
~X, 141.721
115,839
7.0
—
7,603.297
7,752,600
Beaumont
">
X
1,479,140-
•
V
7.4
+
-v
20,779,967 X ;XX+
District—Dallas—
—
36,556,527
+ 21.3
189,213
5.0
750,976,109
-
Texas—Austin
+25.2
1,418,042
:
/,
+7.3;+/
27,436,127
1,138,077,301
-36,445,612
'
/X: +11.8
3,019.191
993,256,475
—
3,096,256
,
2.9
2,867,623
.1,376,488
Pueblo
Wyoming—Casper
X
+31.7
:X.
127,536,248
159,682,825
Denver
,
43.0
,•
+797,638
7,898,907
>
+ 39.0
;
2,433,175
X
2,720,769
Springs
Colo;—Colorado
.149,366
51,133,440
19.0
+
+793,438 h->•
"X-
39.344,498
.
.
"
23.3
+
482,640
44,440,851
Okla.—Tulsa
7
49.2
+
12,940,324
X
670,894
22,656,762
+49.1
390,102,443 X,:X +34.5
_
15,955,650
Joseph
X
2,294,965
524,550,971
Carthage
22,173,520 X
3,307,400
•
2.5
+
12,238,058
3,423,749
;
_+
18+250
175,787-
3,380,81?
-X
1,178,448.; XX.V+15.3
+925,292
0.7
—
+ 123.7
10,132,781
X
18.250,369
____
+
•
■
10,386.513
Topeka
.
-
1
+24.9 X
884,760
-
+ 43-.2
547.969
567,439
.
Hastings
t
1,104,815
396,124
609,308
Neb.—Fremont
t,
cities)
•Estimated.
1,570,642.051
1,445,652,850
+
8.6
3,473,708,982
3,070,066,119.
+
U
.
,
13.1*.,;
'
+32.3
42+204,356
299,659,921
Volume 155
♦
•
.4-
COMMERCIAL
THE
Number 4055
v'.J
•
•
•>
J
. -
.
"i •>»:.
-
r.
& FINANCIAL CHRONICLE
K-
■
-•
-
i.•.».•.?••••
,i.
'
.vt-f
•
,
•'
.
' '
*
Stock and Bond Sales
DAILY
WEEKLY
1
//>:.
I •"••• NOTICE—Cash and deferred delivery sales
Stocks,
Raitroad
Number of
Week Ended
Mar. 13.
'
j.
1087
,
.
'
'
'
'
No
A" r
^-A" aa/a.
■
,.A/
Ar:
AAA
..
.7'
■/
A
account is taken of such sales in computing the range for the year,
oit
the New York Stock Exchange
| '. Below; we furnish a daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage
,,
f
'
',/A/:V'%/
r.x
■■
|U. S. i Government Securities
Daily, Weekly and Yearly
'
YEARLY
■
■
,•
are disregarded in the day's range,> unless they are the only transactions of the day.
Transactions at the; New [York Stock Exchange
,
New York Stock Exchange
«»
■
■
'
—
and Miscett.
:
...,Shares.
1942
Bonds
!
Government
Foreign
Bonds
:
V
Bond
*
the New York Stock Exchange during the current, week#
on
Figures after decimal point represent
'
Sales
Bonds,
s
Corporation coupon bonds
Total
United States
.
.
32d of a point d-
one or more
t'
.
•
'
„
f
iSaturday
Monday
'Tuesday.......
Wednesday
271,980
.
S3.944.000
^ ;$246,000
9,278,000
1,129.000
825,000
13,258,000 ■<:.
662,000
9,680,000
309,350
...
331,500
414,390
;Taursday,i.^j.
8,083,000
339,790
-
Total
.
;
$4,208,000
Daily Record of U. S; Bond Prices Mar.' 7 MarXif Mar. 10 Mar. 11 Mar. 12 Mar. 13
Dally Record of 17.-8. Bond Prides Mar.
Treasuiy ,7 7
Treasury
.
■
'
< (High
(4$*a, 1947-52.......... (Low.
1 a
'
>
I Close
I
Total sales in $1,000 units...
8,508,000
,40.000 :9,984,090
■
S 192,000
$3,629,000
$57,649,000
"""
'Stocks-
No. of shares.
1942
1941
1941
2,407,004
2,125,473
108.8
108.8
108.8
108.8
108.8
(Close
25,247,044
"Bonds
U. 8. Government....
$192,090
$327,000
$2,688,000
3,629,000
3.404,000
Railroad & industrial..
53,828,090
38,376.000
28,855,000
448,583,090
34,733,000
394,556,000
1
106.13
•»<,
103.19
103
103.17
103.19
103,
103.17
103.19
103
3
2
(High
•
1
.
■
103.15s
106.14
103.15
:"-V:
2
102.23
(High;
$$4s, 1956-58——j Low.
(Close
-
2
1
103.17
(Close
-
$5,661,000
Foreign.......... ;.j
'
106.13
106.13
106.15
Total sales in $1,000 units..
'-(High
7 $$48^1946-66.^17-71-i jLowl
.,,v;
a-.~
-:
(Close
si;op04mtvi*i
71-
('■
26,592,699
106.15
106.15
.(Low.
234s, 1952-54
Total sales in $1,000 Units...
a/%
106
105,
103.
Total sales in $1,000 units—
108.8
| Low.
■
1042
(Hfgh
(Low.
.
2)48,1950-52
(High
4s. 1944-54.....1.
Jan. 1 to March 13
Week Ended March 13
"
New York Stock
K77'-7 Exchange
9 Mar AO Mar. 11 Mar. 12 Mar.19
(ClOSC
,
■
'
k "*
7 Mar.
'
17,000
359,000
.
v
10,434,000
39,000 ;i 14,122,090
51,000
10.393,009
408,000
9,585.000
$53,828,000
2,125.473
$18,000
27,000
.
455,463
! Krl'lay..
V
■
fr-;
.
.
102.23
102.23
Total sales in $1,000 units...
1
4
1
.
* 3$4s,
fHigh
1
1943-47
100.17
(High
Low.
542,107,000
557,649,000
5434,850,000
$480,024,000
100,
100.17
100.17
100,
100.17
100.15
103.
100.17
100.17
Total saletirt $1,000 units.^
3
the New York Curb Exchange
at
103.17
100.17
Total sales in $1,000 units...
*2
High
'I'i'c
-!
Transactions
Low.
Close
High
Total.
......
,?•
Mocks
Week
Ended(
Bonds (Par Value)
vi
'
-
;■■■■
•
of
Shares)
3$4s,
Government
Low.
-
Total sales in $1,000 units...
fHigh
(Blah
2$4S> 1952-55.----7(
105.7
1944-46——.-.*^(LpW-
105.7
i4Close
100.28
101
103.28
101
(Close
100.28
101
$1,000 units. .*
10
105.7
^ -T v -i:
-
v-
i
'
Total sales Infl.QOO units.
Foreign
Foreign
Domestic
••
S-'
(Number
A/«r. 13. 1942
5
^
!■' 1
Total sales in,
-i,
-•
' 4
,
•
,
Total
Corporate
fHigh
^Saturday
i J'A.
'
56,080
.
Mionday.,
:
$519,000
675,OJJ
68,495
Tuesday.
$30",000
69,870
887,09)
11.000
1,000
11,000
13,000
1,000
-•>,„*
.
f Close
...
•
Total sales in $1,000 units..
Thursday.—. *...
Friday... i.
69,435
•
52,555
.....
Total sales in $1,000 units...
761,000
-
43,000
(High
104.17
2s, 1947—Low.
3$4s, 1949-62..Low:
804,000
104.17
104.10
(Close
101.17
104.16
(Close
416.585
$4.794,090.
$10,000
•
$108,000
;
H'eefc Ended March 13
117.24
107 24
107.24
107.24
(Close
107.24
107.24
,
No. of shares.
■;'V--a:aBonds
-
i
1942
1941
1941
Total sales in $1,000 units...
416,585
517,150
4,357.560
5,540,625
A
$4,794,000
$5.84? .000
537,625,030
59,009
864.0 >0
386.090
10,099
68,099
"^7Tot&®77i7v7.i7.
54,912,090
85.965,090
269,090
$53,642,000
,
(High
2 J4s.
Total sales in $1,000 units.
109.21
fHigh
100.28
101
103.14
109.21
101
10.9.21
2s, 1949-51
( Low.
y:( O1086
100.28
109.21
(High
1955-60
(Low.
.(Close
Stock and Bond Averages
the
are
daily closing
103.28
101
109.21
' \
'
Low.
(Close
107.16
■..
.
Bonds
Stock#
20
trials
r
10
10
|
15
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
ties
roads
103.10
103.10
133.10
*3
Total sales in $1,000 units..
1
Stocks
Rails
trials
Total
2$48,1951-54
w-
108.10
Lorfr.
-
a:z;<.
.
40
ties
Raits
(High
-
.
'
*
Utili¬
Rail¬
Total sales in $1,000 units.
$1,000 units..
(Hign
2s,1953-557,7.—.~ .J Low.
(Close
107.16
■
10.3.8
.
-.
30
Total sales in
100.8
(Close
103.1
1
1948-51
( Low.
2s, 1951-55
106.1
106.1
101.8
(High
108.1
193.1
106.2
107.16
2 $48,
Indus¬
106.1
105.2
(High
compiled by Dow, Jones & Co.:
Date
10012
CJj[OSG
■
■
Total sales in $1,000 units...
stocks and bonds listed on the New York Stock Exchange
as
r
1945-4T^.......i.]I Low.
•
'Totat sales in $1,000 units...
>
1#
(High
2^8,
of representative
averages
(Low.
(Close
2s, Dec. 1948-50
Totat sales in $1,000 units...
Below
(Close
Total sales in $1,000 units..
(close
7 Total sales in $1,000 units
645.000
538.658,030
2
19
(Low.
2s, March 1948-1950
*1
(Low.
3s, 1951-55.
552.611.090
108,090
i
„
7
104.16
(High
(High
77V
■
Domestic ........
Foreign government...
foreign corporate—...
Total sales in $1,000 units...
.
fHigh
$8,1946-4$. ....1.7.7. *J LoW.
Jan. 1 to March 13
■
1942
,
Total sales in $1,000 units.!:
$4,912,003
New York Curb
x^-Exchang*;'^::.;Stocks
(Close
'
890,000
"
Total
■
.
.
1,093,000
6,000
^
899,000
1,081.090
871,099
2$4s, 1954-56*-—.7—(Low.
i
705,000
100,150
v.i.V.
Wednesday
(High
$$48,1946-49i7i7l77i7i(LoWu
t
$521,000
32,000
r
4
Close
*
;
j
2)48. 1951-53...
Total sales in $1,000 units..
r-
\
LoW.
$48,1943-45—.......
Daily, Weekly and Yearly
f
214s 1967-72-
I (JlOSfi
i'
y-':«L.
Federal i'
108.7
(Close
-
arm
Mortgage
3)48, 1944-64
108.7
Total sales in.$1,000 units...
Bonds
(High
(Low.
(Close
17
Totat tales in *1,000 units...
•
12.35
34.83
92,75
105.41
108.11
53.83
7.
102.31
Marr 9.
102.09
26.52
12.43
34.85
Mar. 10.
101.49
26, *6
12.24
34.64
105.4-t
99.21
26.1a
11.99
33.96
IOj.30
11.99
33.99
105.40
92.82
5t.22
108.05
90.12
11.95
34.07
105.41
92.83
5
103.0)
(High
90.11
Mar.
Mar. tl_
26,35
Mar. 12.
99.23
26.23
Mar. 13.
99.73
*
26.15
92.85
*
54.05
54.29
108.08
5 *.29
90.03
108.19
92 .yo
92.88
lUo.34
108.05
19
i.
.
..
90.13
V"
(High
2 $48,
,
10S.33
10S.29
..Low.
(Close
1958-63
,
108.39
138.29
108.30
103.20
N. Y. STOCK
EXCHANGE
Week Ended March 13
Inter st Period
[
5
(Close
105.25
195.25
Low.
105.25
105.25
Close
105.25
105.25
Total sales in $1,000 units...
h
■
lid
<fc
Asked
19
Treasury 49
Treasury 8$is_
Treasury 3$48
1943-1945
Treasury 3$£s_
A
108.8
*110.1
110.9
*104.2
....
0
105.7
Treasury
Treasury
*108.2
108.11
J
I)
D
107.24
107.24
*100.2
109.14
106.1
106.2
Treasury
Treasury
Treasury
;Treasury
106.1
107.10 107.16
....
*108.24109
f
>
—
.......1948 M A
1949-1953 J D
.
„
1
4
109.5
106.5
1950-1952
1952-1954
2$4s
......1956-1958
2 $4s
.1967-1972
2$(s—.i—. 1951-1953
2%s
1952-1955
2$48...
....1954-1956
Treasury
Treasury
.Treasury
Treasury
Treasury
....
M
106.13 106.13
M
A
,103.15 103.14
>w
103.19
M
8
102.23
102.23
100.17 100.15
100.19
w
MA,
J
J
J
—
J-
D
J
-
D
106.16
*104.18 104.27
-
w
-
■
■
1947
Mar 15 1948-1950
Treasury 2s_-l-_Dec 15 1948-1950
Treasury 2s
......—1049-1951...
J
M
J
D
8
D
13
.....1951-1955
J
D
Treasury 2s_. ..........1953-1955
J
D
Treasury 2s
,
For footnotes see page 1097.
\
104.16 104.16
I
.
*104.9
104.14
.
..
.
100.28- 101
_
J.
100.8
100.8
el03.10ei03.10
of
coupon
'
'. '
_
,
Saturday■*
11
....
Tuesday
*39%
106.18
104.5
102.18103.2
v
:
100.26
103.14105
,
100.24101
103.27105.10
Mar. 9
$ per share
40%
39% '40%
38% 39
107% 107% *106% 107% *106% 107%
*30%. '34% •*30%
83
*30% 33
*47% 49
*47% 48/
*47% 48
6I2
6%
6%
6%
6%
0%
*19
20
20
19%
19% *19
*10% U% -10%;-10% '*10%, 11%
-32% 32%
32% -32%
31% 32%
*63
72ta
72% *63% 72%
>
103.27104.10
7 100.28 101
5 100
;
Vi
.
Sales
Thursday
Mar. 11
Mar. 12
$ per share
$ per share
•
i-3734
38
107
*37r.g
107
*30
35
*30%
47
•
;
6'4
*19
*1078
'
30'2
47
6i#
20
H'4
311.1
3819
107
107
46
35
"48%
6%
-
*19
6%
20.
,111.1
.
31
m4
31
Friday
!
NEW
Mar.
13
S per share
*37
-
107
*30%
*46
38%
107
the
Shares
$ per share
$ per share
.A "
Abbott Laboratories...No par
.
preferred
i
100
37% Mar 11
105% Feb 2
32
Abraham & Straus....No par
""366
Acme Steel Co
...
25
200
Express
.No par
Adarm-MlliiS'Corp-.--IV0 par
Address-Miutlgr Corp...—10
2,000
46
;
Air Reduction Inc. j...No par
6%
6,890
19%
11%
200
32
:
700
253
4%
2
2 -
Adams
■
r
93
*932
4%
4%
*11%
.
•*
,*89
%
4%
4%
13
=
-
*65
70
*63
*63
70
2
*2
2
2
2
2
2
"2,800
Alaska Juneau Gold Mtn.,.10
92
*89
"92
89
89
*89
92
30
Albany & Susq RR Co....100
-
■
70-
-
.*'2
2
2%
.,
%
4i4
*3%.
«
*11%.
92
*89
'
%2
4%
4%
13-
.
-
'
#»2
4%
*334
r*l!%
®82
4%
4%
13
100.21
3 102.22 103.14
For footnotes see page 1096.
\
9.i}
4
*3%
*1H4
.'i
4\
4t8
13
Sl*
414
3%
*11%
'-*!•
4U
3%
13
*5m
Mar
5
Mar 12
6% Mar 11
19
Jan 21
107S Jan 2
30% Mar U
4%
*3%
*11%
2,200
4%
1,600
4%
200
13
61
Ala & Vicksburg Ry Co...100
u«
Range for Previous
Year
Lots
Highest
6%
31%
On Basis of 100-Share
YORK STOCK
Lowest
19%
*107a
Range Since Jan. 1
STOCKS
(1941)
!EXCHANGE
Week
35
47
.
-
[
104.20
101.17 101.23
....
f
Wednesday
ji Mar, 10
%'per share
$ per share
106.17106.31
21 104.5
•,
for
Monday
r>
108.16109.9
33 KM)
....
..
[..LOW AND HIGH SALE PRICES
108.15109.11
13 106
1
104.17
.
-
t Cash sale.
includes
only sale
Transactions in registered bonds were:
bonds.
No sales.
108.17
5 105.24106.10
*101.20101.29
:.
.
delivery sale,
table
NEW YORK STOCK RECORD
*89
Treasury 2s
Treasury 2s..1
105.5
.103.5
1
.y
107.16107.16
8 103.6
100.28. .101
*104.17104.26
103.7
15 105.18105.25
mfmm
106.10
A
13.3.7
103.10
-
r
Treasury 2 $$8—.;
.Treasury 2$$Si
100.10
Deferred
above
.-^2
110.22
.11 108.16110.11
,
*106.24 107
■-
106.5
....Low.
t
Odd-lot sales,
Note—The
106.8
.
107.28108.14
17 107.2
....
Treasury 2$4s..........1958-1963 J D 108:29 108.29: 108.30
Treasury 2$4s^ — ......1960-1965 3D L.J.' 109.18 109.21
105.25
105.25
Treasury 2$4s...
...
1945 J D
Treasury 2Ha..
103.7
Totat sates in $1,000 units...
Mar. 7
Treasury 2$$s„
103.10
6 105.28106.9
108.10
108.7
(High
16 107.29110.4
107.16
108.7
*
2 107.15108
109.21
—.1955-1960 w.s
2$is...-1946-1947, M 5
2 $£s—„ *. 1948-1951 M 3
2$4s.a..>—1951-1954 J D
M A
2$is
.... 1956-1959
101.20
109.14110.22
100.11
Treasury 2$48-
101.20
105.20
....
107.24
-------
M *
^
2 $48,1949-63
104.20
*110.13 110.22
J
104.6
:.5 105.7
....
105.7
D i;
Treasury
(Close
(Close
108.27
109.26110.3
103.26104
104.11
'
.'
2 108.6
*103.17 103.26
0
A
Treasury
High
Lq,W.
...
101.20
Close
Total sales in $1,000 units..
Total sales in $1.0001 «»lts. -.
,
High
114.14116.2
115.17
108.8
./
—
2$48,1948.7.-i
Low
*115.9
Treasury 3$£s
1944-1946
3J4s.
1946-1949
314s......--.-1949-1952
3s............ 1946-1948
3»_.
w—..1951-1955
Jan. 1:1
"■*.
.1947-1952 4 0
1944-1954 J D 108.8
....1946-1956 M S
.......1943-1947 J D
[High
(Low.
l$4s, 1945-47
Since
|
U. S. Government
Treasury 4$£s
Total sales in $1,000 units...
i
Range
§1
(High
(Low.
2)48, 1942-44
High
Week's
Friday's
Price
(cipse
109.18
fe
(High
(Low.
109.18
103.21
,
Total sales in $1,000 units...
109.IS
Total sales in $1,000 units...
.
3s,series A, 1944-52
j
103.21
2$js. 1945.—..
or
Home Owders* Loan
«
103.18
NEW YORK BOND RECORD
Range
2
-
•
(High
Sale
104.17
$S,
Total sales (n.$l,000 units—
2 $4«7i960-6677i777i^7l Lo#.
(Close
Last
104.17
Total sales in $1,000 units...
;
Total sales in $1,000 units...
Friday
104.17
(Close
1.
-(Close
'.•7..'.-.^'
*
90.17
,
BONDS
(High
1944-49<.^......,...( Low.
2$48,1956-59—a*...—.{Low.
90.11
•
:
Allegheny Corp
No par
5M% pf A with $30 war. 100
Pf A without war.100
$2.50 prior eonv pref^No par
5$£%
I
Jan
178 Jan
89
%« Jan
4
Mar
Mar
Feb
5534 Sept
34
Dec
54% Sept
43% Dec
5% Apr
5134 Jan
8% Deo
24% Aug
157# Jan
45
July
75
Aug
48% Jan 13
7% Jan 3
20%, Feb 3
1134 Jan 20
38% Jan 6
Mar
6
2% Jan 13
94% Feb 10
37gMa-12
12
46
Jan 12
43
68
2
6
6
Highest
$ per share. $ per share
497s Jan 13
108% Feb 19
6
Mvr 12
Lowest
0:1734 Dec
9% Dec
34% Nov
73
Sept
t%
Jan
Dec
5
Dec
99%
Dec
%
5% Jan 26
3% Dec
3% Dec
Jan 27
11% Dec
10%
9%
21%
h Jan
6
17
Jan 26
85
%
Aug
Jan
Jan
Aim?
Apr
11
*.
--. y
CHRONICLE
THE COMMERCIAL & FINANCIAL
1088
Kr;-*
STOCK RECORD
NEW YORK
"Vj;/.*
&h+(*tf
v:'••./■'
.V-'FW
y'--{
*%*♦*"•tt*
Monday, March 16, 1942?
;
NEW YORK BOND RECORD
-.1
LOW AND HIGH
for
1
Tuesday
Mar. 9.:
Mar. 7
Wednesday
Thursday
Friday
Mar. 11
Mar. 12
Mar. 13
Range for Previous
'
On Bails of 109-Share Lots
Year (1941)
-
.
Nc
i
...
Shares
BONDS
..
t.
Lowest
:
13
Bid
Asked
&
.ZfiltK'fi
.
Jan. 1
oqcq
Lolvesf v'"j..ijhesl
Highest.
v.
Sale
Price
■..Range
Range or l;.
iL Friday's ...:
Last
'
STOCK EXCHANGE
W3ek Elded Ma.rch
^
Week
$ per share
EXCHANGE
the
Mar. 10
Monday
Saturday !■
Rame Since Jan. 1
;v ';. STOCKS. , ,
NEW YORK STOCK
Sales
SALE PRICESf
5'.
Week's
Friday
Low
High
Low
U. S. Government (Con,)
'
$ per share
S per sftare
*70
478
*4
*4'g
20
20%
77
73%
*70
!
20%
20%
20%
!
73
*60%
share
19%
*60%
72
4%
125%
11%
123
*11
11%
13%
13
ver
*4
13%
135% 127%
*11
11%
*11
♦13%
13%
13%
4%
124
..
*60%
*4%
4%
.
Allied Kid
"""666
13
13
13
13
$ per share
22% Jail 2
;73% Feb 27.
73% Feb 27
4% vlir 2
120% Mar 1,3
10% Jau 12
5
Co.n
Jan
■
share $
per
Federal Farm Mortgage Corp—
share
per
25%
Jan
:.17%
Dee
"4"%
Dee
167% July
,< 13
Aug
.6
12% Jan 26
14% Jan 24
11%
Dee
■;< 1434
5
5'g
5'g
5%
73
73
2 5'g
26
ITU
1%
*17
*13
171S
*16
*4712
48%
20i2
33U
6 "8
*16%
*1%
:
1
20%
33%
*0%
I
42%
42>8
:
*23%
4%
*4
20to
127% 127%
1*4
1%
25%
17%
17%
*16%
17%
*16%
17%
1%
13
1%
1%
1%
*16%
17%
*16%
1%
18%
43%
45%
46
46
46
*43%
21%
19
19%
33
37
36
33%
47%
20%
37
21
35%
35%
0%
29%
33%
6%
6%
*3
IS
*13
*4%
5
8
7%
*191*
*19%
93%
20%
93'*
931*
♦
%
%
*4l«
"<■
4%
7%
4%
*712
v
*4%
1%
♦
1'8
*37
3%
6%
3%
*6%
37%
*35
37%
8%
26
1%
*1%
3%
3%
3'.t
*3%
3%
6%
6U
*6%
6%
*6%
6%
37%
*35%
8%
377g
*35%
8%
86
83%
83%
83%
10%
*33%
*10%
85%
10%
10%
10%
10%
10
10
5%
*4%
5
20%
5%
5%
20%
5
20%
21
20%
*114% 113
113
115
20
13%
4%
11
4i.|
10%
55%
:
*4%
.
.
13%
4%
is
*151
130
*151
r
"h
11%
il6%
4%
20
18%
24%
*%
24%
*7
.
55%
31%
11
15
15%
*151
160
160
*151
11%
10%
53
IS
5334
10%
53%
4%
4%
4%
160
*151
16
15%
4%
4%
7%
.
7-
10%
10%
10%
57%
53%
57
321
144
*142144
;
11%
i
-*7%
-13%
•
11%
11%
8
*7%
8S%
*86
{
13%
87%
-8
17
87%
1S%
*13%
144
*140
43
-44
133
43
144
*140
43%
*4%
23%
2'»
*112
2io
2%
67
*60
H'2%
*60
2%
"
67
"
13%
8
16%
S3
*84
*19
19%
*60
4%
4%
70%
70%
3%
4
4%
2%
"
4
67
70
4
v
44%
*43
26%
115%
56%
25
26%
27%
♦17%
2S%
*17%
28'o
13
v-
13
•111%
*55
Amer Power <fc
*13
47
13
*13U
•111%
:
2%
67
4%
22%
4%
22%
2%
58%
4%
70%
4
45%
26"
27%
2%
158%
4%
4%
69%
3%
4%
*43%
25%
27%
12%
111%
23%
27%
12%
47
108
Jan
14
110
79
Feb
16
95
Jan
15
Jan
5
15
Jau
3%
*43%
25%
27
95%
1%
33
9
*77s
9
♦External
2
23
A or
34% July
♦External
55
•
Feb
79% July
j ♦External
16%
D32
23%
Jan
3
t07
6
115
Aor
Jan
Dee
121
Jan
zl7
.
834 Jan
9% Aug
Feb
19% Aug
Jin
9%
.
%
Dee
9534 Sept
1% Jan
3%
Jan
6% Aug
78
Jan 21
2
28
1% Jan
2
2
24% Jan 13
11%
Aor
f 7s series B
—
29
Feb
38%
2
De
May
4%
f 7s series D
s
2
2% Jan
Feb 24
.
Jan 26
46% Jan
5
1% Jan
8
3% Jan 10
35
27
3
6
40
Jan 15
Mar 11
8
2
9% Jan
6
ll%Mar
4% Jan 3
19% Jan 3
113% Feb 20
3
l4i« Jan
5
26% Jan
9
Jan
4% Mar 11
38% Mar
6% preferred....
100
Foundries.-No par
No par
140% Jan
Preferred
30% Mar
Amer Steel
18%Mar
9% Jan
B
extl;6 VJa
xterual f f 6s
83
"
17% Jan
1II8
700
4,600
'v..
Amer Zinc Lead &
Smelt
25%
45
28%
27
27%
196
197<
♦6s stamped
External readj 4)4-4)48
7 Externals f 4)4-4)48
39
3% external s f $ bonds
4%
Dec
6
Dee
10%
29
Dec
40% July
Jan 14
33%
7%
2% Mar 13
Jan
,
Oct
45% July
De
Mar
155
Dec
54
Dec
150%
Jan
15% Dee
28%
Jan
138
29%
139
12%
200 Anchor Hock Glass Corp. 12.50
preferred.—1 No
44%.Mar 7
25% Mar 11
26% Feb 17
12
Jan
.
Jan
"i3"
Feb
22% Sept
81
Jan
93
115%
Dee
43%
43%
Jan
Jan
7
Jail
3
.23%
2
112
Dec
Sept
29%
Aug
116-% Aug
7%
•
Jan
8% Aug
81% Sept
Feb
2%
5034 July
46% May
Feb
30
24
Dec
35% July
17% Sept
11%
1%
*1% :
1%
*33
33
33
>114% 111% *111% 111%
3%
65
3%
3%
65
*55
65
63%
*23%
23%
6%
65%
*55
70%
6T0
*30
*21%
1%
1
33
111% 111%
3%
3%
65
63%
63%
70
*55
70
*23
23%
0%
*6%
6%
6
6%
*5%
22%
6',1
3%
*3%
3%
3%
3%
3%
3%
*3%
•
81
*72
84
*72
84
84
*72
*72
5%
*37%
73'g
71
*67%
4%
71
~2~207)
*37%
4%
*57%
5
72
*07%
71
100
*51
68%
*53
68U
*34
69
*64
69
*64
69
27
*21%
27
95
91%
95,
39'->
37%
37%
38
68%
23%
68%
69%
69%
24
24%
24
23
*20'.t
23
5
*21%
91%
37%
01%
23%
*20
5
4%
27
*24
26%
95
1)4
94
4%
*24
26%
5
*24
94
94%
93%
33%
37%
36%
37%
36%
70
68%
68%
68%
68%
94
37%
69%
23
23%
68%
23%
23%
22%
23
23%
22
*20
*20
Apr
July
115%
Oct
Dec
12%
Jan
% Dec
2%
Jan
110%June
111% Mar 12
4'g Jan 14
8
67%
Feb
Jan 21
26% Jan 15
7% Jan 28
66
2
Mar 12
Feb
Associated
6% 1st
3% Jan
v
4
2%
Dec
112% Sept
5% Jan
47%
Jan
70% Sept
26
.60
4"%Mar II
6% Jan
6%
77% Jan
8
5
83
20
Mar
Jan
9
25
17
Feb 21
__...100
27% Jau
100
60% Jan
6
2
3
95% Feb 19
38% Mar 4
70
Mar
2
4,100 Atlantic Coast Line RR...100
20% Jan
81% Jan
Deo
5%
78
6®4 Jan
91% Oet
10% Sept
Dec
Dec
76
88
Dec
20
Dec
; 82
Jan
Sept
102% Aug
35%
Jan
•
Aug
18
Jan
53%
Dec
96% Mar
31% July
26
Jan 20
13%
Feb
22
Feb 11
34
Jan
5
13%
Feb
45%
100
5% preferred.--
2
70% May
28% July
I
Atl G <fc W I SS Lines
35
Mar 20
3
23% Jan 28
109% Feb 20
16%
Jan
19% June
28%
.——25
3.200 Atlantic Refining
18% Mar
108
4% conv pref series A...100
2,600 Atlas Corp
6% preferred
1,200
:
5
50
—
6
Jan 12
45% Jan
107
May
Dec
111% Sept
6%
Feb
7% July
47%
Feb
51% Nov
Jan
57%
113% 113%
8U
*1%
*18
3%
8U
2"
21
3%
*55
57%
113% 113%
*8%
8%
*1%
2
*18%
20
3%
3%
53
.53
54
*54%
55
54%
*51% 53
.113% 113% *113% 114
*113% 114
*113% 114
*8
*8
*8%
8%
7%
8%
9%
9'g
*1', "
2
2
*1%
2
*1%
2
♦1%
18
18
*18% 20
*18% 20
*17-% 20
3%
3%
3%
3%
3%
3%
3% •3%
,
110
^
^
61
111
Apr
6
;Feb
fl54
70
113
116
.
Mar 12
Mar 3
2
1% Feb 26
..No par
»7% Feb
—-No par
No par
15,303 Aviation Corp of Del (The)..3
70
5
Jan 17
9% Jan 26
..No par
5% conv preferred...-.-100
300 Atlas Powder
: 690 Atlas Tack Corp
Austin Nichols
18
$5 prior A
-
Mar 12
3% Mar 12
f,
Jan
2% Jan
9
Jan
4'g Jan
6
*•
7
May
2%
72%
104
104
134
'
10 4
104
134
104
16
4Extl sinking fund 6s._Sept 19
|.i
14.X
Sept 19
♦tls assented—a,
tExternal sinking fund 6s... 19
♦6s absented
—..—.19
.144
127«
12%
3%
3%
3%
6%
6
*4%
6%
*26%
28%
8
8
*5%
*25
8%
147g
*17%
*23%
5%
72
87S
15%
18%
23%
*102% 110
478
*26
77g
5%
*25
8%
15%
*17%
23%
12%
3%
12*4
127g
12%
127g
12%
3%
3%
3%
3'-
3%
6
6
6'g
5%
0
5%
478
28%
778
5%
27
8%
15V
13%
23%
*102% 119
*1%
27
*77g
5
*25
8%
5
5
87g
7%
5
*25
5%
27
26%
7-%
8'g
5
26%
5%
27
27
8%
-
8%
12%
3%
12%
3%
12%
3%
6
6
4%
26%
5%
5
23%
7%
*4%
7%
5%
*25
8%
16
16
15%
13%
15%
18'-.
13io
*17%
*17%
23% 1
23%
23'g
*23%
*102% 110
*102% HO
*101%
27
8%
16
*4%.
27
3.400 Baltimore <&
15
0..13
100
100
50
89
Conv 5% preferred..—.100
7%
5
5
*25
27
8%
16%
8%
16%
18%
23%
•101% 110
*17%
1,100 Barbar Asphalt Corp......10
800 Barker Brothers
54% preferred
No par
-
i
:
t
♦0)4b assented
♦Guar al ik fund 6s
*69 assented..—♦Guar sink fund 6s.
♦6s absented.
12 X
12% Mar 12
2% Jan 2
14% Jan 2
4% Jan 28
2
2
7% Jan 27
6% Jan 26
2
31% Jan 20
7% Mar-12
9% Jan 13
4% Jan
4% Jan
22
Jan
$5 preferred w w
6
Jan 27
344
45
36
17)4
Cordoba (I'rov) Argentina 7s.. .1942
♦Costa Rica (Rep of) 7s...... .1951
98)4
104
100
.1944
3%
Oct
25%
Apr
5%
101
19
*1034
774
78
1004
107
1945
107
108)4
1(H)
75
D8C
2%
3%
Dec
De
*i"64
3%
18%
Dee
34
7
Apr
1234 Sept
:
July
32
20)4
274
External g 44s.
Apr 15 1962
Dominican Rep Cust Ad 54s.. 1942
*23)4
23 4
70
704
1940
074
70
1940
054
69
70
70 4
70
70
70
70
12)4-
134
Dec
27%
§*lstser 5)4s of 1926
} *2d series sink fund 5 4s...
Customs Admin5)4s 2d ser.. 1961
-•
70
196tf
6)4s 1st series————
5)4s 2dserles.4_.—
1969
Dec
Feb
Dec
7
Jan
31
18% Jan
6
19% Jan
6
21% Feb 11
104% Feb 16
13%
17%
Dec
20
Dec
102%
70
X
70
69
70 X
70
.
124
70
Finland (Republic) ext
68..—.1945
1949
-1949
7s unstamped-...
M
J
S
D
*65)4
83
*83
Dc,
10% July
31% Mar
27% July
106
Oct
Greek Government—
7s part paid
6s part
paid._i
—
.1964
1968
*8)4
*7 4
8
6X
*84
24% Mar
6
34)4
32
11
35
7%
Jan 13
46 X
32 4
1955
1942
External gold 5>4s—
9% July
Sept
5%
Jan 20
ll'g Jan 27
14% Mar
17 -ig M ar
15
D
Denmark 20-year extl 03
12)4 Sept
Dec
30
22
109X
21
234
5% July
5
104
79 X
107
106
23 4
*14
8<8 July
2
par
103
101
Jan
10%
8% Jan
No
17)4
102)4 102 X
1953
♦Public wks 5)4s—.June 30
♦Czechoslovakia (Rep of) 88—. .1951
♦Sinking fund 8s ser B——. .1952
99
101
Jan
26%Mar
Mar 10
12X
174
101
External loan 4)4s......... .1949
4)4s external debt......... .1977
-Jan 15
144
Oct
5
5
97
98%'
*102)4
—
20
25)4
20 X
25 4
244
174.
98)4
ser A—, .1949
81 lkl ig fund 5)48
44)4
45
36
18)4
19
External 5s of 1914
144
25 4
.1953
5s of 1901..
11X
25 X
1947
.1952
Cuba (Republic)
15 X
4
37)4
29)4
44)4
30
1946
♦Sl.1kl.1g fund 7s of 1926
♦Sinking fund 7s of 1927
Copenhagen (City) 5s.25-year gold 4)4s
15
15 4
-----
♦Colombia Mtge Bank 0)48... 1947
For footnotes see page 1097.
r
34)4
15 X
12)4
12)4
144
25)4
A O
'I
13
15
13
39
"27
•Chinese (Hukuang Ry) 5s
1951 J D*114
Colombia (Republic of)-—
i
*63of 1928Oct 1961 A O
14)4
43)4
♦6sof 1927
Jan 1961 J
J
44)4
44'4
3s externals f $ bonds.-----1970
16
15)4
13
27
1962
1960 M
1960 M S
_■
•Chilean Cons Munic 7s
♦7s assented
Oct
—50
Barsndall Oil Co
3,600 Bath Iron Works Corp
1
Bayuk Cigars Inc
No par
300 Beatrice Creamery
25
For footnotes see page 1096,
v t
Ohio.—!
4% preferred
590 Bangor & Aroostook
16
j;.:
13
♦El Salvador 8s ctts of dep.—.1948
1,200
154
13
134
1961
1961
—1961
1961
-1962
French Republic 7s stamped...
7%
*22%
lib
5%
27
6,100 Baldwin Loco Works
13 H
28
144,
...1957
*0 4a assented—
♦Sink fund 6)48 of 1926
♦Estonia (Republic of) 7s. —1967
6
13
*154
144
♦Chile Mortgage Bank 6)48.-.1957
r
9% July
B
12%
154 154
154
♦15)4
19
468 assented—------
15
•;
fl44
♦External sinking fund 6s... 19
$
Jan
.121
May
1% May
13
9
22
16*4
14)4
Jan
—
*55
13
144
Nov
5
7
L5X
16)4
-
*68 a-sented——
Oct
56
50% Feb 16
6% Feb 20
49
Jan
6
5
15)4
104
154
seated
934 Sept
Dec
Jan
Sept
34%
De.
3
5
7
70
preferred.-..*-.100
-...100
72
Jan
20% De,
Feb^ 2
69%Mar
1
Dry Goods
6
954
5
33% Sept
108% Mar
100
Santa Fe._100
600
:.
87%
..No par
5% preferred
r
7
4
5% preferred
1,610
2,800
33%
19
1% Jan 16
35 • Jan 15
Jan 21
Jan
Jan 16
29 700 Atch Topeka &
23
33
33
31
33
35
35
♦33
37
*33
.35
19%
11%
19%
19%
19%
18%
18%
19
18%
18%
18%
*105
103% *10419 108% *104% 108% *104% 107% '104% 103% *104% 108
6%
6%l
6%
6%
6%
fit6%
6%
6%
*6%
6%
6%
49% 49%
49
49
49
49
49
49
49
49
49
49
33%
Corp..
6
Assoc Investments Co. No par
24
*20
24%
66
21
7% 2d preferred
25%
38'g
61% Jan
100
7% preferred.
84
3% Mar 11
Constable Corp
309 Artloom
70
5%
Armitrong Cork
100 Arnold
10
Mar 11
109% Jan
Co..-No par
5
7% preferred...
""600
2
31%Mar 13
2
403 Arinour&Co(Del)pf7%gtd.lOO
69%
5
I
5
4,500 Armour & Co of Illinois
$3 conv prior pref
No par
1,100
3%
*
22%
23
22%
8% Jan
500 Archer Daniels Mldl'd.No par
31%
31%
32%
32%
110
111% 111% xllO
3%
3%
3%
3%
162
62
63
63
*55
70
*55
70
23%
20
5
Copper Mining
700 A P W Paper Co Ino..
1
23%
*6%
95
*20
*1
3%
3%
'"h"
1
23%
7
•••
84
3%
3%
01%
1
Andes
8%
*8
*33
.33
Ill's Hi's
*55
8%
1%
1%
#3)
*8
23%
*3%
6%
*3%
3%
0
934
'93H
15 4
Jan
8
Dec
22%
28% Jan 14
30
Jan
5.
.
94
94
J
99 X
984
994
95 4
124
Jan
99%
D8C
04% Dec
3% De
51
9 8 "4
Jan
Dec
6
97 <4
13)4
Jan
3%
2%
98 H
974
99
"97 4
144
Jan
74%
159
Jan 19
.
98 4
*154
a
♦Extl si iking fund 6s..Feb
*68 assented
...Feb
4Ry extl s f 68.-ti----.Jan
*
I
73%
Dec
1004
12 4
3
I6834
Dec
104 4 1004
.100*4 101*4
104«
13 V.10
Sept
Dec
1143
104)4
100 4
144
*08
19% Aug
>1134 May
4s....I960
154
^
3l
2
,,48
19
19
19
19
19
13%
Jan
45
...
Dec
17
45
H
*15*4
6%
112%-Feb
03 4
4
♦Chile (Rep) Extl s f 7s
19
i
47s assented.
19
f
♦External sinking fuud 6s.19
t
gMar 11
111% Feb 18
par
59
Sept
11% July
5% Jau 14
50 ■ Jan 13
■
034
•
Dec
76% Jan 14
3 % vl ar 11
63 54
————...1945
25-year 3J%s
1961
;
7-year 2)4B...fc.'ii——-*-1944
30-year 3s
—,.1967 J
i
30-year 3s
1968
•Carlsbad (City) 8s
......1954
8%
5% Jan
4% Jan 2
69% Mar 12
014
1975
1984
! 10-year 2)4s
6
3
3
02
59 4
5s
,
4
3% Jan
70% Feb
Mar 13
62
56
<51)4
1952
Canada (Dom of) 30-yr
?
53
56
59 H
Jan
165% Aug
I Feb
27
60
59 %
Jan
116% Jan
Mar 12
—
59
1976
ly76
Refu nil ig 8 f 4 )4-4)48
1
1
Jan
7
5
334
27
27
27)4
Jan
4934 Jan 27
50% Jaa 27
111
$5 prior eonv pref.......23
100
10,100 Anaconda Copper Mining..oO
210 Anaconda W <fc Cable..No par
$5 dlv
3%
463*
Jan
143% Jan 14
3
22% Mar 12
1
*43%
.10
Dec
Jan
Mar 13
27
of)—
Buenos Aires (Province
26% Aug
Jan
%
7334
4% Jan
100
4
.
Apr
,
Dec
Mar 12
18 4
6)49 of 1927...195/
♦7s (Central lty)...
Dec
50
Mar 12
'
Viscose Corp....14
5% preferred....
4
111% 111%
121
17%
38
7.600 Am Water Wks <fe Elec.No par
J6 1st preferred.
No par
209
No par
1,209 American Woolen
Preferred
100
1,600
4%
70
Mar
3%
39
92 4
27
58
6% Sept
>.
128.
6% preferred—
-100
400 Amer Type Founders Inc.. 10
4,900 American
Mar 1.3
92
22 4
D
57
s f
Brlsba ic (City) s f 5s
V
25
-23
3.600 American Tobacco
Common class B...
Mar 12
91 4
83
Jan
♦External
8% Jan 6
21% Jan 13
97% Jan 14
21% Jan2J
134% Jan ,6
'
83
83
1955 J D
♦Brazil (U S of) external 8s
1941 J
♦External s f 6)48 of 1926—.1957
20% Feb
7% Jan 3
16% Mar U
91H
92
33)4
914
9\4
92 4
—..r_1955 J
Externals f 7s
\
No par
91 4
1949 M S
elgium
17%
-Feb 24
12
554
62
20%
:2
31% Jan 16
143% Jan 27
61)4
41
23%
Feb
62
H
36)4
15%
t
36
37
Dec
147
39)4
38
9
43
-
364
45
23
5%' Jan 12
7% Jan ,6
35% Jan 14
7
12
3
12
"
38
394
-1956
45
59
6% Feb 13
29% Mar "
Building Co.No par
38
434
1950
Jan 13
2
53
100
67
43)4
38
Sinking fund gold 6s
Feb
-
9
094
38
Jan
95% June
13% Jau
111
6
094
40)4
50
12
zlO% Feb 11
Jan
93
77)4
70)4
704
74)4
27%
155
Jan
4% Jan
165
66)4
40
3
22
Feb 11
89 *4
77)4
69)4
1958
Jau
Dee
Dec
Dec
Feb
2
4% Jan
904
69
"40M
«
'
14% Mar 11
69)4
1952
1957
15% Apr
4
26% Jan
24
Sinking fund gold os—
2%
2
.7
ISJi
Oct
-
Dee
8% Dec
Mar 11
21% Feb
% Jan
20
*184
Government)-
l 8 f external 4^8
•- —1948
i S f ext conv loan 4V£s
.1971
i S f extl conv loan 4s Feb ...1972
S f extl conv loan 4s Apr ...1972
Australia Cora'wealth 5s
1955
External 5s of 1927
r.1957
2% Sept
77%
4
2
12 !4
U4
12)4
Dee
7%
Fib
119
11
"l24
114
Dee
38
5% Jan 39
23% M ir
12.
10?%
10)4
Jan
51% Aug
2% Dec
6% Dee
10% Jan 6
89% Jan 16
83% Mir 11
10*4
124
Jan
Feb
Jan 21
35%Mar
13
124
*114
13%
20
F >b
7
12)4
12
12)4
30%
4%
Mir 11
4
11
904
12)4
f 7s 3d series.
Argentine (National
33% Aug
Dee
27
ar
10)4
124
18)4
194
1
6
M
10)4
12
76
—
Antwerp (City) external 5s
28% Sept
42% Dee
1% Feb 19
3% JaD 6
6% Jan 21
12)4
*124
f 7s 1st series — .
f 7s 2d series.
sec s
Jan
2% Jau 10
33% Jan 21
124
12
sec s
♦External
;
Jan
1%
% Dec
14% Feb
l's Dec
Jan 13
Jan
25)4
124
124
-
s
3% Jan
21% Sept-
32
16% Jan
1% Jan 10
i23% Mar 13
25)4
254
*26 H
Nov
90%
.
s
♦External
Jan
9% Mar
4% Dee
4% Feb
1
25
32
*27
( ^External s f 7s series C—-
Jan
18% Jan
Rerining-,100
400
Preferred
100
300 Am Sumatra Tobacco. -No par
21,800 Amer Telep & Teleg Co...100
55
*7%
9
*77g
98^106
43.1968
-
*8%
204
101 ^
\P" 7
Akershus (King of Norway)
Jan
2
500 American Sugar
2%
*12%
13
12%
...I *111%
185
■
•si Jan
1,200 American Stores
22%
*4%
55% Dee
157% Dec
22% Jan 27
98% Jan 23
% Jan 14
4% Mar 13
139% Mar
4,200
4%
55
lODK
Aug
9% Jan 2
2
Jan
93%M ir 7
% Jan 27
700
,69%
3
1
Feb 10
5% Jan
7% VIar 11
18
169
600 American Snuff
39%
2%
Mar
>
—— —-
.
Oet
73% Jan 13
4% Feb 19
"
22%
June
1303*
7■-.;';7?.v'v"
i
Jan
8%
Aor
3
Mir
17
American Stove Co
*4%
100%
..
Agricultural Mtge Bank (Colombia)
*Gtd sink fuod 6s
—1947
=*Qtdslnk fund 6s
1948
20% Jan
2
100
25
200
111% *110% 111%
70%
33
100
12,700
.
Jan
39
26% Dee
1122%
65% Jan 28
11
2,700 Amer Smelting & Refg.No par
7 40
39
1% Jan
12
No par
No par
50 Amer Ship
10
16%
*16%
Jan 15
ir
Jan
600 American Safety Razor.-18.50
300 American Seating Co..No par
8
38%
132
4%
•
11%
<10
5% Jan 14
33
Feb
Co....No par
Light—No par
4,400 American
730
433% conv preferred
19%
11%
i\.8.
6
130% Feb 10
1-8
50
$3 preferred-
128 v': 128
40%
39
70%
70%
25%
13%
2%
43.|
4%
44%
*tl%
40
38
111
2u
1.8%
VI
......100
Rolling Mill
25
141
141
*82% 83%
19%
19% *19
H18
119%
120% 122
111% 112%
Dee
$5 preferred
3.200
10,100 Am Rad & Stand San'y.No par
56%
83%
83
23%
23
3%
29% M
Preferred
*18%
130
5
*110.V
16%
40% 42
41% 43
133% 13378
4%
4%
22%
23
42% 43
43% 44
134% l34'o
*4%
4%
71
45%
87%
8
16%
*7%
112% 112%
'
*).%
*17
11%
:«
18%
-121% 122%
19
11%
18%
10
120% 122%
70%
4
*7%
*85
44%
*111% 112
8
.
17
133
*134% 135
*4%
4%
4%
23%
23%
23%
19%
11%
17
*7%
43%
44%
43
'
123
122
111
11%
*
18%
11%
19%
19%
19%
*13%
13%
120% 121%
1
11%
11%
Dec
50
6% preferred
130
,
11%
1980 J D
.i
Aug
47%
230 American News
2,409
3,500
-
*142
ii%
<,
_
Externals! 454-4^8
10%
10%
z56
*29%
*33%
144
-is%
Apr
Dec
9%
4l%
Locomotive.No par
Preferred...
100
Amer Mach <fc Fdy Co .No par
"
;
5%
6
63
3.200 Amer Mach <fc Metal3..N? par
4,000 Amer Metal Co Ltd...No par
4%
5
4%
4% 'V'5 :5
*4%
5
4%
7
7
*7
7
*6%
7
7%
*6%
7%
30
30
30
30
31%
*29%
31% *29% 31
38%
38%
33%
38%
38%
33%
39%
33% 39%
142
141
*140
142
*140
*140% 142
131% 131% *139
31
31
32
30% 30%
30% 30%
33%
32% i32
.
Feb
8
Hide & Leather—1
5% csnv preferred
160
*151
100.22 100.30
d0l.20d01.20
New York City
;3% Corporate Stock
♦Antloiula (Dept) coll 7s A.._
10
6% conv preferred
500
15%
4%
15
15%
4%
14%
4%
4%
4%
5i
!ff: %
17
104.10 104 23
*100.22 100.29
...
el01.20
Dec
3
2,900 American
*4%
5
33%
33%
131% 139%
i*142
%
v
17%
10%
56
19%
10%
55%
30
*29
130
25
*24%
■f %
.
63% July
Feb
Feb
47
186
Hawaiian S3 Co.
1
American
809
10%
20
29%
20%
20%
115% 115% *114% 115%
*24%
25
24% 25
%«
*%
<%
•%
18
18%
17%
17%
20% 20%
114% 114%
24% 24%
*lU'o 115%
24%
ill
24%
%
f
29%
83%
*10%
5
*4%
5
4%
*84
10%
84
*10
8%
Feb
14%
Jan 28
12
A—No par
—No par
10
$3 preferred
60
37
*36
8%
.
Sept
Mar 13
25
84
8%
2 104.11104.25
Transit Unification Issue—
Aug
1%
20
21%
58%
37
36
8%
x35%
8%
8
«%
83%
!'
27
27
I
3%
41%
;
23% Feb
48% Jaa
7% Jan
400
6% non-cum pref
100
1,900 Amer Internat Corp..-No par
500 American Invest Co of 111— 1
1%
6%
Jan
21% Aug
53
1.100 American Home Products...1
No par
100 American Ice
39
1%
Oct
37
14% Mar
•% Dec
10
Apr
Mar 12
ar
Power...No par
preferred
.-.No par
S7 2d preferred
200
300
3%
8%
86%
8%
27
*25'"
27
23
European
1.100 America
36
39
1%
*1%
1,100
2%
*34
38
x38
39
*377„
i28%
2%
35
35
$7
1,400
2%
1%
27%
*2%
2%
1%
1%
19%
25%
19%
28
24
21%
t%
18%
18%
104.17
—L *104.11 104.19
-—1944-1952
..1942-1944
.1945-1947
—
2 4* series O
External g 4>^s of 1928
2,090
3%
6'
*35'o
2 4
*1%
87
21% De
Mar 12
309 Amer <fc For'n
27
35%
38
4%
*5'9
3%
6%
4%
28's
.71% May
3
3
1% Jan 26
58% Mar 12
Tiling—I
Sec3..No par
400 Amer
1%
13%
104.17
S-pt
33
500 American Eicauitlc
24
2%
18% Jaa 27
5% Jan 2
41% Mar 7
3 % M ir 11
26 % vtar 12
125% Jau 8
1% Feb 11
-.100
preferred
6% 1st
89
95
*1%
18%
*27'»
5
6
10
Alcohol Corp..20
*%
5
30% Jan
18% Feb
Cobrtype Co
700 American Crystal Sugar
18%
18%
*92
:
23
*33%
26
25
*25%
3%
26
*2 4%
-
Am Coal Co of
*.t.
2'<>
37%
*1%
11
*1%
1%
19
*4%
7
33%
2U
*34
37%
37
37%
*1%
27%
2%
35
*7%
95
•%
35%
*%
1%
19%
27'
*1%
19%
23
35
34%
34%
24
1%
2%
2%
2%
400 Am Comm'l
18
11%
*27'.j
27'
27
8%
5
7%
7%
*92
24
Hi
11
21
5
400 American
*4%
5
Allegh Co NJ 25
5
19%
71
24%
200
18
93%
*4%
200
*13
4%
7%
%
500
*70
lit*
*
600
18
93%
20%
94%
*%,,-<3
*4%
51
*%
23%
23%
23%
7%
81
7
159
70%
*03%
%
*20
4%
8%
:
6
9
De
19
—
*70
*19%
20%
93%
8^
5%
^ *8
5i2
T
4%
4%
*7%
Jan 13
5
Mir
100
American Car & Fdy ..No par
Preferred
100
Am Chain & Cable Inc.No par
5% cenv preferred
100
American Chicle
No par
3,300
18%
107% 108%
70%
108% 108%
M N
3s series A
Apr
46
Can—————-25
Preferred
100
70%
*18
Jan 27
/%« Jan
16% Mar
& Radio Corp.-l
2,300 Amer Cable
4,400 American
59
6
25%Mar
17%Mar
AgrlcChem (Del)..No par
*13
IS
*14
IS
*13
18%
73
Vmirlcai Alrlt:ie3 Inc
10
Bank Note
10
6% preferred
50
700 American Bosch Corp...——I
890 Am Brake Shoe & Fdy.No par
110
54% conv pref
100
30%
70%
18%
100
59
70%
30
70
9
509 American
30
29%
Mar
3.593
165
*155
159
159
—:.... 41944-1949
Home Owners' Loan Corp—
Foreign Govt. & Municipal
6%
43
58%
59%
58%
59
60
51%
60%
59%
60%
60%
*151
170
*159
170
*159
170
*159
175
30%
30%
31%
39\|
21% 30%
30l8 30'8
*70%
71%
70%
70%
*7012
71*8 *70% 71%
IS
IS
IS
IS
*13%
13%
18%
18%
*197% 112
103% 108%
*107% 1121* *107% 112
*70
711
*70
70%
71%
70%
7I'M *70%
IS
33
0%
4
> 4
3'%
27% 27%
23% 2378
127
126% 126% *126
1%
1%
1%
1%
60
*13
33
*41%
43
4
*41%
5
Petrol Corp..No par
1,600 Amerada
19
6%
*6
5%
5 8
*41% 43
3% - 3%
27% 23%
123% 123%
*1%
1%
I
43
*42%
*41%
43
4%
4%
*5%
4%
21
29
21%
*27%
♦126% 127
*123% 127
1%
*1%
1%
1%
No par
Aloha Portland
900 Am
119
*104.17 104.25
1 ^3 series M
No par
Cem..No par
"""566 Amalgam Leather Co Ino-.--l
6% couv preferred
50
46',!
19%
1%
IS
46%
45%
*20%
25%
1%
*16%
17%
*1%
*13
26%
26
25%
25%
IS
5%
75
*72
28%
*17
23
*17
1%
♦l's
;
'5,,
75
*72
75
*72
5%
5
5%
5
74
*72
23
25%
5%
5%
74
*72
;
:
M S
... ...
■s 3? ^
'
2,600 Allied Stores Corp
109
5% preferred
3,200 Allis-Chalniera Mfg
1944-1964
7 3^8-
"iT% "Jan
135%-Dec
10% Feb
5% Jan 13
149
Mar 11
13
No par
Allied Mills Co Inc
$
$ per share
% 'vf ar 12
19
2,300 Allied Chemical & Dye.No par
120% 121
*11
11%
120% 122
*11
11%
Par
2,300 Alghny Lud Stl Corp. .No par
Alleg & West Ry 6% gtd..l00
1
"""loo Allen Industries Inc
29
72
4%
19%
19%
4%
*4
13%
13is
20%
4%
195
127
.,*11
75
*60%
1 %
share
ver
20
20%
11%
126 '2
$
S ver share
104
13*4
13X,
Volume 155
NEW YORK
BOND
BONDS
STOCK
Last
SI
EXCHANGE
'"'Week Ended
RECORD
NEW YORK STOCK RECORD
Ranne
Sale
LOW
Range
or
is
Friday's
©
Bid
Price
Foreign Govt. & Munic. {Cunt.)
Asked
&
Low
Saturday
y_-.il/ outlay..
Mar. 0
S
82U
*7i8
-.
63
58%
O
58%
55
57
C
57 H
47%
*13
:
'
-
>•;
,
J
1234
1234
*48
50
*20% 2158% 59%
*115% 116
♦1934 20
♦72
"
♦Jugoslavia (S&teMtge Bk) 7s 1957
A
31
*2984
sou
*79%
7'8
8()l2
7'g
7 'r'
35U'
12*2
35*2
125g
*48
50
20's
*13
20's
60
•Ww
34%
12%
4734
4834
35%
12%
4734
197g
63s
13%
*13i8
flt2
135S
12
*10
10«4
*10
75
*69
'g
8
'1194
587g
116
20
116
20
..
.
*69
75
1634* 17%
.
1034
10
'75
10
*69
11 %
1734
17*2
29
*277«
*28
29
*85i2
2834
90
29
89
*85U
90
90
33
*8534
32%
*13%
19%
21%
J
r
J
5%
5
5
-
6H
6%
6%
6%
6%
*13«s
14lo
*3U2
*13ig
1934
217*
195s
197g
1958
6%
6%
6%
:X' 6%
;178
2134
22>2
•*134'1 2
*24
25'2
*24
19
*17
■
1%
"
16
54
16
16%
75
70
75
-
,
*8^8
32
Externals f 6«.
—.—1957 F
A
External
Apr 1958 A
.'.—.1-943 F
O
f 5s...
Norway external Cs
.1944 F
External 6s..
44
51
U
1'4
84
70 %
88
8734
1
53
56
14
49%
52
A
86
88
5
83%
A
87
87
1
54-
54
External sink fund 4 %a
Externals f 4^a
1956 M S
4r8 f extl loan....
1963 F
'
834
9
1'8
9 •
*32t2
85
♦Ills
734
12U
*58
59
59
'
*0H
0\
19U
6^8
67g
A
53 %
—.1955 A O
33%
33 %
27 H
33 %
♦Panama (Hep) extl 8 f 5s
i er
♦stamped assented 59
Stamp mod 3Ha ext to
A. 1963 At N
1963 M N
1994 J D
...1967 At S
Ext sec ref 3 H8 8er B
♦Pernambuco (State of) 7r
♦Peru (Rep of) external 7s
1947 M S
1959 M
•Nat Loan extl
8
f 6s 1st ser.. 1960
♦Nat Loan extl
8
f 6s 2d ser.. 1961 A
*»«»s i77ie
1«8
9
1%
8%
784
109i2 109i2
234
58
53
6%
8%
53
57
67*
678
6%
2%
2%
58%
59 %
13
♦102?4
103
12 %
36
11
11
S
3D
O
10%
9%
9%
954
*4%
1966 J
—
♦Prague (Greater City) 7Hs—1952
129
7%
11
10%
10%
23
6%
6'/j
534
734
10%
534
-
15
J
9%
15
14
*11%
834
23
14
JfN
F
A
52
17%
1034
13
12
*31
10'2
17%
*50'8
6
..1968 ./
D
f g
♦7s extl loan of 1926..—
10
..1967 J
15%
44
11%
13
62
8%
J..4
14 %
10%
26
10%
12%
12%
13%
61
14
15
29
14
15
12
D
12
64
1957 M N
*6Hs extl secured a f
4's
35*2
*1%
2'4
♦l'g
*33
!
4%
34%
15%
3734
8712
25
*37
234
<29
A
—19681,/
1940 A
|^Securedsi 7s
*7%
4%
F
88%
*33
8734
25
18% 18%
*87%; 90
115% 115% *115% 116
89
7%
7%
*34%
34%
18%
90
*89
116
88
35%
18%
89%
89
7%
7
7
67
67
*18%
19
7%
*67
68%
*18%
19
91
90
90
3
3
89%
90
3
3
8%
9%
15
*134
15
91
1%
1%
1*4
2
91
91
*23s
2i2
16
163s
16%
*2%
278
278
16%
1578
*2%
1%
1%
90
3%
1534, 15%
2'g
2%
2%
67
1134
90
*87
93
29»4
2834
29
-2884
*2
i.
90
29
1734
88
2
2
2
2
25%
26%
26%
29
2%
26%
26%
2634
*16%
17
16%
16%
*16%
100
99%
17
*16%
99%
17
*16%
11
16
*255s
32
30
*17
1734
30
*99
2934
*16l2
O
60
59%'
60%
42
54J4
6434
434
100
17
*99
,
'
*16%
6 >4
6
3Sg.
38*
3078 31!4
*93*4 97
31
;•
*6
'
634
634
434
434
.4
0%
434
4 34
44%
4034
2lS
107g
434
153g
1534
1>4
41*
*1
2i8
*2
4%
23«
107«
11
11%
4%
71H
External conversion
3%b extl readjustment
59%
55
10
52 %
56
53
..1978 J D
1978 F A
-.1984 J J
4-4%-4%a extl readj..
47
%
r *%«
*8%
*13%
...1979 AfN
conv
53 H
57%
52%
19
:
♦41
44%
*21%
50 %
46%
A
*3%
A
7
5%
7
4%
3%
*4%
2%
6%
6%
£0%
10%
90%
10%
92
10%
16%
17
53
-
-
;•••■•.
*%
1948 At 8
Coll trust 4a of 1907
1947 J
10-year deb 4 Ms stamped—
Ala Gt Southern 1st cons A 5s
1943
1st cons 4s series B
...
D
58 modified
....
5b modified.---.-....
-
-
Alleghany A Wert Istgu 4s..
-
-
-
101
-
103
♦9934
105
10434
10434
62
71«
9%
1314
1%
22
51
*4534
1946 A
-
....
6%
6%
13%
13%
4
6 v
13%
Jan
2
31
Mar
9
29% Feb 25
Jan
3
43
"sjMM
5
1o
Jan
13
2
2
'31% Jan 2
10% Mar 11
1%
Jan
5
934 Feb
5%
1% Jan
7% Jan
Mar 12
z7
Mar 11
53
6% Jan 23
7
16% Mar 13
54
Jan
2
6% Jan
2
2% Jan
2
18
Jan
2
5% Jftn 19
conv preferred.——30
19% Feb 14
234 Feb 21
6% Mar 6
90% Mar 13
10
No par
3,500 California Packing....No
5% preferred
1,100 Callahan Zinc-Lead
4%
36
2%
3734
*34%
*184
41i
3434
*13.4
*33
88
25
88
6
2%
3734
120
>
Apr
%
"
Feb
28
Dec
16%
Dee
6%
Dec
14%
Dec
23% Dec
Apr
38
Dec
%
1
Dec
Doe
7
7
35
Jan 16
30
14
Jan 16
11% Dec
Jan
8%
112% Jan 27
3% Jan 3
Feb
6
66
Jan
Dee
Feb
5%
Dec
18'4
23%
Dec
15%
7
3
55% Jan 10
7%'Jan 27
Dee
Dec
49
May
534 Dec
134
6
5
6
Feb 3
Jan 14
Jan 14
95
June
2%
51
19% Jan
3%
21%
6%
20%
3%
8%
Dec
zl09
7% Feb 14
23
Jan
5
26
Jan
7%
9
Feb
Feb
Feb
15
Dee
•
4%
Dee
Dec
Dec
18
2%
Dec
6
Dee
Jan 13
76%
Feb
Jan 10
1134 Jan 20
7%
Apr
2
19% Jan 26
50% Ja 1
15%
Dee
51
Mar
2534
2U
*2%
2%
*61%
6134
200
118
118'% 11834
350
118%
1
%
5%
11%
10%
Jan 3
Jan 2
Jan 2
Jan 29
30
Jan 13
1%
»«
Jan
4;% Dee
9% Nov
7% Jan
13% Jan
10% June
26% Dee
12% Jan
32
Mir
2
37% Feb
3"% Jan
2%
Dec
3
4% Jan
33% Jan 14
1% Fen 10
34
Jan 23
Dec
3212 Dec
1% Dee
Jan
37
Feb
31
Dec
85% Jan 16
89
Jan
79
Dec
..6
24% Feb 25
22
Anr
6
fl
2734 Jan
2% Jan
£>%
Dec
69
Feb
43
Feb
Jan 16
121
Feb
112
Mar
36
Dec
....10
500 Carpenter Steel Co
300 Carriers A General Corp—.1
|Case
16% Jan
50% J* 1 29
Ry. 100
$3 preferred A.
150 Carolina Clinch A Ohio
*24%
63
1
400 Capital Admin class A...
25%
2%
*6138
50
20 Canada Southern Ry CO..100
8,300 Canadian Pacific Ry...
25
200 Cannon Mills.........No par
4%
3434
88
par
1,500 Calumet A Hecla Cons Cop..5
1,400 Campbell W & C Fdy..No par
100 Canada Dry Ginger Ale.....5
13%
34% 34-%
18%
18%
89% 89%
115% 115%
90
*86%
35
(J I) Co
100
Preferred
100
*67
*7
1,000
8834
7%
•
67
18%
No par
1,300 Caterpillar Tractor
4,500 Celauese Ccrpof Amer.No var
90
116
*86%
70
18%
18%
116
7
6%
35
18
*87%
*17%
67
18%
1%
1%
*87
134
91
3%
15%
*2%
*87
3%
3%
16
16%
*2%
2%
*87
93
29%
28%
2
*87
29%
2
178
91
180
5% series prior pref
7%
100
nrlor nreferred..—100
2% Mar
61%Mnr
117
33% Mar
18
4
Feb 16
87% Feb 18
115
Feb 20
...100
83
Feb 13
No par
189
7% 2d preferred
1,400 Celotex Ccrp
30
5% preferred
6%
Mar 12
100
66
Feb 25
100 Central Agulrre Assoc.No par
18
Jan
1,300 Central Foundry Co
70 Central 111 Lt
3%
17%
2%
93
29%
-.1
4H% pref..100
1,600 fCent RR of New Jersey^.100
3,000 Central Violeta Sugar Co
300 Century Ribbon Mills.No par
30
Preferred..
...—100
4,400 Cerro de Pasco Copper.No
par
300 Chain Belt Co
99%
£97%
99%
97
98
17
*16
16%
*16
110 Cham Pap A Fib Co 6% pf. 100
Common
No par
3%
30%
2%
11
2%
95
*2
10%
*
*1%
2%
11
10%
*4%
4%
16%
15%
15%
15%
15%
10
37%
37%
5034
37%
37%
*50%
%
716
38
%
-*716
*616
%
38
■9%
i> 9%
9%
13«8
13%
13%
*12%
13%
1%
1%
22%
*1%
*21%
1%
*21%
*1%
*21%
1%
23
*%«
-
11
4»s
*36%
50*4
*%
13%
•-
716
*9
38
%
9%
6
3%
30%
92%
*90%
*1% ' 1%
4%
4%
*2%
2%
10%. 10%
4%
43s
4%
*2
*3%
29%
1%
*334
16%
6>
'
94
1%
54
616
*9
*90%
6
3%
30%
4
.
*%
'■
5%'
*3%
30%
2%
1%
334
4%
-
*36%
*o0s4
6
*5%
'
400 Ccrtaln-teed Products.,....1
1634
*3%
*4%
*2
2534
v
*%
38
*36%
♦503s
*%
*%
%
16%
37%
*38
*616
54
710
54
12
*51#
9
9
13%
1%
23
*12%
*1%
*21%
11
*9
*12%
*1%
♦21%
450
"406
13%
6%
-100
prior preferred
.No par
2
134 Jan
90
15% Jan
2%
5
Mar 10
1% Jan
2
Jan
3
21% Jan
3
12
18% Dec
120% Jan 22
94% Jan 14
11684 Mar
42
93
Jan
3
71% Jan 3
23 >8 Jan 27
8%
5:ls
Jan
Dec
Dec
65
xl5% June
7
Mar 11
1%
3% Feb
18
Jan
5
Jan
2
Feb
2
Dec
77
3134 Jan 27
Oct
25
92
27
Dec
4%
29
3% Feb 11
Jan
9
Jan
Dec
1
7
Dec
108%
2% Feb 17
Jan
2
110
85
Dec
Dec
223s Apr
1%
5
2,400
29
Jan 27
19
Jan
Jan
2
100
Jan 14
95''
Dei
16
Jan
5
17
Feb 10
143;
Dee
534
Dee
5% Mar 12
93% Mar 11
40
Class A.
Co.50
5% preferred
50
3,000
400 Chicago Mall Order Co
5
200 Chicago G^eat West RR
2,000 Chicago Pneumat Tool.No par
$3 conv preferred...No par
100
($2.50) cum div No par
1
Jan
3
2
2
2
4% Jan 23
334 Jan
1% Jan
9% Jan
Feb 11
15
36% Mar
50
6
Jan 29
Pacific..100
'31 Jan
7% preferred
100
1,000
100
6% preferred—
..100
600 Chicago Yellow Cab...No par
7% Jan
4
Isl A
5
»i»
1%» Mar,
3% Mar,
3%
% Feb
3gMar
%i
%« July
3
25
21% Jan
25 ;
43% Jan
53% Mar 13
2% Feb
6
Dec
%« Dec
8% May
9% Feb 13
13% Feb 27
No par
Apr
49
Jan 16
34 Jan 29
8% Jan
Dec
9% Feb'
37% Apr
17% Jan 3
3934 Jan 21
52
Jan
5
38
Deo
13g Man
12% Jan 27
4% Jan 6
2
Dec 1
93
1% Jan 29
5
Jan 26
2% Jan 26
11% Jan
1% Jan
10
300 Chlckasha Cotton Oil
2% May
31% Dec
Jan 30
36% Jan 27
98
Feb
7
% Jan
200 Chic Rock
Oct
15
6
97
100
Preferred series A
Pr pf
2
3% Mar 10
29% Mar 13
100 Chic A East 111 RR Co.No par
2% Jan
16% Feb 10
23% Jan
5
14,500 Chesapeake A Ohio Ry
200
1% Feb 13
No par
26
Checker Cab Mfg..
200 f Chesapeake Corp
100
3
50%
5178
51%
934
23
52%
5034
J
52
50%
52%
10
52%
9%
1%
100 Chi Ids Co.
53%
10
100
*94
100
*94
100
*94
100
*94
*34
42
*34
42
*34
42
*34
10%
*2%
*29%
23s
32
85
*69
85
10
9%
934
238
2%
2%
*2%
2%
*2%
2%
32%
*28»4
32%
*2834
32%
*29%
32%
*69
85
*9%
*2%
29%
9%
72
*09
72
72
72
109
109
26
*25
98
*96% 103
26
*25
26
*25
26
25
25
*25%
*96% 103
♦96
99
96
96
*96
*83%
*48%
3434
35
3478
♦32%
33
32% 32%
142
143%
142% *142
58
58%
58% 59
...
—.
84%
*83%
85
50
*49
*83%
*48%
32%
Z3134
85
50
3414
32
*83%
*48%
68H
53%
58%
100H 101
98H 100
.
84%
*49
35%
32%
142
58
3434
32%
35%
32%
142
142
58s4
*58
60
*58
.59
58
800
*440
800
*440
800
12
12
Z5734
58
*440
*69
109% 109% '108% 110
5734
*440
50
35
32%
142
58
58
800
*141
57%
♦5734
*440
142
5734
59
800
'
107% 108%
32%
25%
103
85
50
33%
32
32
*141
142
57%
58%
*440
57%
59
...6
Corp
2
Jan 13
Feb
1
De#
20
i
Dec
41% Dec
No par
9
J^n
3
10% Feb 25
8
6%% preferred
100
93
Jan
5
96% Jan 23
92
Dec
City Investing Co.
42
2%
29%
27,800 Chrysler
100
42
;
Chile Copper Co
23
10
102
83
106 %
83
*102% 10278
10
101%
i04H
12%
*12
12%
*97%
1434
99
*84
1
83
2
1949 J D
1950 A O
69
54
62
*96
99
55
62
*15
81H
89%
1534
78
h
134
O
1998 A
*97%
14%
99
*»„
1
85
85 %
34
83
92
10
10
10
134
10
*184
*1%
9%
10
'
68 34
71
47
68%
10
10
10
10
10
5834
5934
58%
76%
64 [
10
14
53
5434
14
53
59
40
41
41
41
1%
39%
39%
66
68
*38
42
*38
41
38
38
O
.
6834
....
1%
134
17g
1%
1%
1%
For footnotes see page
1096,
*11%- 12
98% 98%
M84 1434
14%
....
*>?!«
134
j
1
*134
*1%
2
1%
11%
102% 102%
12
8534
*1%
1950 A
*134
134
1478
12
83
90
11%
11%
II84
117g
12
102% 102% *102% 103%
*12
9
-
O
A
•
O
18% Mar
700 Byron Jackson Co
%
*34
8
61
1948 A
1946 A
For footnotes see page 1097.
2
.10
*16%
'l«
*25
104%
1944 F
5s modified
16
Feb 24
15% Jan
Apr
100
5
40
Aug
2
Dec
1,400 City Ice A Fuel
100 City Stores
—
100 Clark Equipment
No par
C C C A St Louis Ry Co.. 100
10
5% preferred
100
60 Clev El Ilium $4.50 pf.No par
100 Clev
110
8
MarlO
Jan
3
Mar
6
29
Jan
5
24
Oct
Feb 26
100
Jan
5
98
May
84% Mar 10
81
Dec
7% gtd.50
50
8234 Jan 21
Jan 26
50
Jan 26
Climax Molybdenum..No par
3'2%Mar 13
30»4 Jan 22
44
Jan
5
Jan 22
36% Jan
142% vlar
57% Mar 13
79% Jan
3
7
6
9
Co
(The)...No par
Class A
....No par
Oooa-Cola Intern Corp.No par
Apr
70% Oct
109% Dec
72
112
96
1,100 Cluett Peabody A Co..No par
70
Preferred...
100
29% Dec
139
6
25
3,800 Coca-Cola
300
34% Jan
Jan 24
71
100
Special gtd 4% stock
800
2% Jan 12
Dec
10834 Mar
Graph Bronze Co (The) .1
5% preferred
60 Clev A Pitts RR Co
3^600
9
29%Mar 12
2% Mar
t
50
139
55% Jan 28
Feb 25
470
63% Jan
Feb 25
470
48% Nov
27
Feb
28%
Feb
142
Dec
78
Dec
60
Mar
740 : July
'
1948 A
A Susq let guar 3Hs.
3Ha registered
Alleghany Corp—
y
i
-
♦9834
♦102
1972 J
Albany Perfor Wrap Pap 6s..
65%)
_
57 34
1943 J
Alabama Power 1st mtge 3Hs
68 with warrassented.....
70
♦ioi
1946
dep 7% pf 100
1634
4ia
34%
Adams Express colltrg4s...
23 >8
17% Jan 8
8% F.'b 13
500 Butte Copper A Zinc
-.5
500 Byers Co (A M)
No par
250
Participating preferred.. 100
53
%
*94
*49
57 34
1
26%
30%
93%
16
54
*83
♦6734
Der
2% Feb
Mar
2534
3%
*4%
37%
98
D
300
17%
*50%
84
10
*2%
*28%
COMPANIES
1953 J
Dee
18%
30% Jan
18% Feb
9% Jan
Mar 12
1,400 Butler Bros
6
RAILROAD and INDUSTRIAL
♦58 income
2%
42
*69
—
17
6
19
*16%
*'l«
( 4i«
%
10834 10834 *108% 1093s
JAbitlbl Power A Paper—
i*5s series A unstamped— 1953 J D
38
40% Jan
2
24
17
99%
■
♦Stam ped.
19%
7%
100
97g
...1958 F
5
17% Jan 7
20% Jan 13
Mar 10
No par
200 Bush Term Bldg
5%
19%
*34
*4%a assented
Dec
1 % Jan
.....No par
1,000 Bush Terminal..
3
10%
No par
234
21
*94
W
♦Warsaw (City) external 7s... 1958 F
Apr
Oct
89
60
42
_»■
*li4
57%
57%
55%
4
56
*534
19%
*90
7% preferred..........100
2%
26%
6%
'
*3i«
74%
53 %
*70%
57%
28%
28%
31
95
1%
4%
11
16
*36%
54
*50%
"74" *7<n
75
■
93
*578
3%
♦1%
434
*5084
1
56
97
1%
*4%
58
*70%
,
*87
30%
*9378
3%
3138
*93%
434
5%
U
3%b-4-4%b ($ bonds of 1937)
external readjustment
1979 At N
*2
6
*3%
7%
5%
3H-4-4HS ($ bonds of 1937)—
12%
25%
3934
2634
5
2034
*70%
Deo
Dec
95% Feb 16
19% Jan
25
Dec
-
14
25
♦Uruguay (Republic) extl 8s.. 1946 F A
♦External s f 6s...
...1960 At N
♦External s f 6s
:
1964 M N
*20%'
5%
*87%
8734
25
19
5
40 %
*584
1934
*2-%
*6%
♦33
88%
26
68
3
A
Marl3
19
.100 jl03% Mar 12
2>sMar 7
6»4
2%
22
178
3734
*34%
116
1538
—1955
Feb 11
8512Mar 6
31% Mar 12
13%Mar 13
No var
1,900 Budd Wheel
54%
6%
2%
2%
460
37
4%
36
*87%
90
*4'8
Sydney (City) 8 I 5%b
6%
*20
70
7% preferred....
1,700 Budd (E G) Mfg
Corp..
200
Conv pref $2.75ser..No par
2,500 Burroughs Add Mach..No par
*31
*67
29
♦3
5
500 Burlington Mills
37
*17
28
5H
*5%
*4%
—5
y.100
600 Bulova Watch
*31
18%
27
5%
15
par
600 Bullard Co..
32
68
29
-...1962 At N
....I
16% Feb 11
26
26
16%
32
19%
*88
7%
27
......1962 M N
extl
...No par
700 Brooklyn Union Gas...No par
Brown Shoe Co.....;.No
11%
*18
16%
Serbs Croats A Slovenes (Kingdom)
♦Hs secured extl
Class B
24
*11
34%
1834
18%
J
♦Silesia (Prov of) extl 78—.'.. 1958 J D
♦4H8 assented
...1958 / D
5
20
11%
234
34
3334
2
29%
1956 M
♦7s extl water loan..
♦6s extl dollar loan
6
20
17%
54%
*11
234
*2%
234
*2%
6l34
62%
*62%
63'2
*61% 63
*119% 121
*119% 121
*118% 121
*2'2
2U
26«2
39%
J
Jan
*23%
16%
*54%
19%
24
6'g
3734
*24%
115% 115%
88% 88%
13
6234
v
....
15%
J
21%
3134 Jan
1,000 Bruns-Balke-Collender.No par
2,200 Bucyrus-Erle Co
5
6%
11%
4%
*34%
1%
.
*33
87%
25
90
10%
:
30
16%
J
.1936
♦88 external
*6%
13%
34%
2'4
'
65
1950 /
f *San Paulo (State) 8s
70
Brooklyn A Queens Tr.No par
900 Bklyn-Manh Transit..No
par
54
6
;
37
*31%
37
4%
36
*23s
*14
Dec
Feb 20
500
1%
9%
35
11%
1134
88%
88
16
1964 At S
5
69
1:500 Bristol-Myers Co.
'16
13
13%
88
♦Sao Paulo (City of, Brazil) 88.1952 At N
19%
24
h
%
6%
6*8
13
26
36
2'2
Santa Fe extl s f 48...
53
6io
6%
16%
*50%
53
*507s
78
*11
125s
♦34%
4
*1%
15%
13%
11%
MN
♦7s municipal loan
7%
Jan 14
75
52
11
53 %
6'2
17% T17Z 17
53
*84
35%
2%
*3334
1454
1034
»i«
*67
..1946 A
20%
•
5%
5%
*1934 19%
3
*2«4
*6% & 7%
9234 9234
10% 10%
93
10<4
17l2
*31
37
-
4
8%
15
Rio Grande do Sul (State of)
4—
93
53
*6%
a:12%
*11%
6%
13
18%
•8s extl loan of 1921.
20
3
10>2
17%
*88
0
•
658
93
*50%
%
%
*33%
A
*1914
*234
0r)8
2014
658
51%
*11%
7%
15
834
10 -V
R
♦Rio de Janeiro (City of) 8s. ..1946 A
♦Extl sec 6H8
-.1953 F
197g
27g
9214
63
*61%
120
120
1947
5-8
17%
*24%
*2%
Quceualnnd (State) extl 8s
5'8
*50%
%
6%
7%
14
...
6%
' 5*8
*10
2
12%
734
■■■■7^
...
*5
♦15%
6%
*7%
•4H8 assented
......1968 A
♦External sink fund g 8s....1950 J
•4
absented.—
-.1963 J
♦Porto Alegre (City of) 8a
1961 J
8%
213
10%
1940 A
♦4 %s assented...1.... —1958 .4
♦Stabilization loan 8 f 78
1947 A
578
6^
10's
Dec
101% 103
29
11
10%
9%
2%
2014
197g
27g
94
*10
6434
63
2%
20U
'
53
2»4
7«4
32
*l,32
11
*5414
684
3
27%
Dec
15%
Feb 20
100 Boston A Maine RR
8I9
Dec
22% Jan 20
19% Jan 28
69
13,200 Borg-Warner Corp
2%
18%
1%
35
5434
684
*5434
6h ;■ 078
*258
27g
*2014' 21-
-
'is
10%
54%
201*
51% Dec
115
100
Brewing Corp. of America..15
1,200 Bridgeport Brass Co...No par
4,100 Briggs Manufacturing.No par
*32%
678
:
19% Dee
24% Jan 19
66% Jan 2
Jan
7
121
13
19
8%
11
55i2
57«
3?0
41% 8e"t
Aug
10
...No'par
Anr
57
3
Aluminum A Bra«.s—5
2
134
934
11%
H34
*98% 102
12
12
98%
15%
*84
1%
*1%
99
15%
1
9%
*9%
1%
37%
*32%
10
1%
39%
39
11% IIS4
*98% 102%
12%
12%
2,900 Colgate-Palraollve-Peet No par
*97
60
5% conv preferred....-.100
1,200 Colo Fuel A Iron Corp .No par
9
*15
*34
1%
"13]
1«4
*1%
134
9%
9%
9%
9%
1%
36%
1:
38
*30%
38
1%
$4.25 preferred
400 Collins A Aikman
...No par
No par
100 Colorado A Southern
9%
9%
200
80
13s
39
39
*30
38
4% 1st preferred
Class B
5% preferred
Feb 13
98% Mar 11
3
1% Jan
2.50
100
1
Jan
10%
100%
Dec
Feb
11
Dec
13% Jan
5
Jan
2
105
18% Jan 26
1484 Mar
....100
6
105% Jan 22
14% Feb
Mar
34 Jan
9,100 Columbia Gas A Elec.-No par
2,100
6% preferred series A...100
10
12
100
70
4% 2d preferred.'
100
2,200 Columb Br'd Sys Inc cl A.2.50
800
ll%Mar 13
1Q1
1% Jan 30
2% Jan 31
3
2
Feb
J»n
2n%
2
Bon Ami Co class A
Apr
50
Jan
300 Bower Roller Bearing Co....5
1%
8%
*16%
201*
..
.
105% Dec
12% Dec
% Dec
Dec
I
% Dec
2
share
Jan
a:l6%Mar 12
Jan
per
32
126
8% July
17
Oct
21
6
{$
10% Dec
Jan 13
Jan 23
Jan
25
35 ;i
*32%
10%
712
6%
1%
1734
55)3
14
52
Jan
12
500 Bohn
9%
*32%
11%
11%
x7 ■ •
7
7%
7%
7%
7%
106 - 106
£103% 103% *103% 109%
2%
2%
2%
2%
2%
2%
- 35
ll's'll's
284
1%
24%
1734
3'%
39% Jan
2
Mar 13
14%
23
32
32% Feb 10
11%
Mar 11
13% >;-Vr 300 Bond Stores Inc...
8.700 Borden Co (The)
19%
27%
lOig
13% Feb 19
9,100 Boei lg Airplane Co.........5
30
June
6% Dee
29
10
25
32%
7 % Jan
684 Jan 1
par
22%
*
184
*l%2
24%
*1634
*92
61%
57%
64
58 H
|*P0land (Rep of) gold 63
Alba
*31
108
Bloomlngdale Brothers.No
22%
884
28% Feb
Feb 24
30
110% Jan 10
Blumenthal & Co pref
32%
*16%
£8%
17%
I
$ per share
Bliss & Laughlli Inc........5
"40
19
28
34%
..No par
-.13%
28 1
28%
*31%
par
13%
18
8 •%
Mfg Co No
19%
2
Jan 2
Mar
19% Mar 11
58% Mar 12
115% Mar 13
19% Mar
"
29
32
Beldlng-Heinlngway—No par
Belgian Nat Rya part pref..
1,200 Blaw-Knox Co.^
90
32
79
400 Black A Decker
18
17%
*28
*85%
19
25g
20's
5h
*19'8
38
1734
28
3:47
75
*16%
8%
17%
20%
25s8
1734
19
*69
19
2478
1778
55
*1638
75
.
50
Packing Co....20
600 Best <k Co
..No par
8,700 Bethlehem Steel (Del) ..No par
400
7% preferred
.......100
700 Bigelow-Sanf Cam Inc. No par
10
25%
*19
*2478
60
10
85%
*134
2478
*1634
56
5434
50
1
$ per share
6,500 Rendix Aviation..........
2,200 Beneficial Indus Loan..Ni par
Pr pd $2.50 div ser'38 No par
300
*20% 20%
58% 5934
115% 115%
19%
1934
*16%
16%
*6%
6%
*13
13%
28
8534
31%
13%
19%
21%
19^8
51 %
50%
2
*2«4
3%-4%-4*h extl
17%
£28
2534
5
4
60
♦65s
sec
•
195s
52%
54%
O
Oslo {City) 8 li%B..
*7s series B
-
*247g
*165s
*5434
52%
53%
00
O
D
47
10
»63i
.4
J
35%
12%
£47
13%
10
6%
6%
*19% .20%
*54'i
1965
Municipal Bank extl 8 f 59..1970
35
£12%
20% 20%
58% 59%
115% 115%
1934
19%
£16% 16%
6%
6%
*13
400
...
12%
*24
17%
73«
__
47-%
25%
*28
32
58
61
2%
•
8%
17%
♦32H
87g
12is
8
7?8
734
11034 11034 *109*2 11034
25s
28g
234
234
70%
48
19
48%
.
LoWesl
Highest
$ per share
~
*1<8
*858
-
New South Wales (State)—
s
287g
32
'is
35
*32i2
*11'8
•6s extl
283g
*"32
1'4
*1'8
♦Extl loan 7%H
287s
31
*13
22%
*1 4
35
Beech Creek RR
300 Beech-Nut
79
*13
„
*17
'31
7J«
>
3234
13%
19%
,,7
*24
1734
3054
*U35
N
2'g
19
85s
17%
'
-
22*2
*2812
*30
70
♦70
J
22'g
*134
17l2
1714
*2838
75
D
1959 MTV
14'2
19 8
*17
19
18
17%
25 %: 25
25
:
8«4 * 834
83s
17'2
9%
10%
59
14%.
.1959 M S
--.1952
16
83«
17'2
14%
33
*17
5% '
,.'%'l
6%
14%
21U
5%
63
1712
;
33
19^8
1
33
6
14
6%
.
5%
6
6%
J
1958 At S
-
•Sec extl 8 f 6 Ha
♦Montevideo (City) 78
*6s series A..L——
8
.29
*13
6%
6%
6
I)
J
6%
*5Vx
*5%~-
(State)—
f 6Hs
s
173s
*27i2
•76H
-
♦Assenting 4s OM9Q4;—1954
•Assenting 4s of 1910..-.-..: 1945
5*Treas 6s of *13 assent—.1933
•Sec extl
.
*30
♦4 Hs stamped assented
1943 M N
•Mexico (US) extl 5s of 1899 £.1945 Q J
•Assenting 5s of 1899..
-1945 Q J
Minas Geraes
•
72
78 H
*75%
7
-
34%
12%
4734
•72 v ;*09
*85i2
1
"79*
.
*13
6%
*10
D
of 100-Share Lots
Lowest
Par
13
79%
j.
-
*
31
"79%
7 '
17l4
*69
Mexican Irrigation—
Range tor Previous
Year (1941)
Range Since Jan. 1
On Basis
STOCK
Week
....
*1634
*13
♦Medcllln (Colombia) 6Hs—.1954 J
Mcndoza (Prov) 48readj.----.1954 J
YORK
Shares
82
17%
'
M
Mar. 13
$ per share
*
31
"
197g
19% 20
5914
60
58% 5984
1157g 1157g *115% 116
20
20
*193,t 20
*16*4
17
16%
16%
638
63g
6% > 6%
*13
*13'S
135g
13%
5%
5%
O
STOCKS
EXCHANGE
.the
Mar. 12
*6%
76
69
87
»<«! i J"'*-
.v.
Friday
.
$ per share
share
ver
*16r>8
f 5s—<'.1960 M N
8
-r't'-
Sales
Thursday
Afar. 11
$
*13
35%
12%
12i2
;a
.
....
34%
57%
*29
7%
'*48
Irish Free State extl
Mar. 10
31
*81
•Haiti (Republic) s f 6a Rcr A..1952 A
Helsingfors (City) extl 6 %B. i.
1960 A
Wednesday
$ per share
share
per
*29
r
H
Tuesday./.
High
No. Low
High
SALE PRICES
NEW
Jam A
eqoj
AND HIGH
Since
■
O
Mar. 7
March 13
1089
Week's
Friday^
•
N. Y.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4055
9% Mar 13
13% Jan
11
Dec
9% Mar 12
13% Jan
II
Dec
1% Feb 10
36% Mar 12
38
Feb 20
134 Jan
54
Jan
1
Dec
43%
Dec
45% Jm
42% Nov
Jan
May
t;
1090
•NEW YORK STOCK RECORD
YORK
NEW
-v
Monday
Saturday
■
$
share
"er
23
*25
^
'
>
'4
32
*2%
14%
7
32
3i6
19
83
*83%
88%
99
92%
*85%
*90
6%
2%
17%
10%
6%
12
12%
12
IDs
82%
81%
83
8 3%
*%
*8
*8%
*1%
2%
5 >8
5%
*23%
*89%
91
12%
12%
91
12
234
2458
*734
7%
35%
35%
29'f
20%
19
11
*17%
10%
48
*46
48
*28%
30
*2%
168
*91%
1334
*6%
*6%
17%
17
38%
.17%
*35
*35
4%
*26%
89%
12%
2%
*92%
*81
434
4,403
17,903
800
*7%
1%
5%
*1%
1%
203
5
5t.i
17,00)
7i.i
4%
23%
100
x
19
10%
10'4
9%
%
89%
:z8s
12%
2%
•
734
35%
:
28*2
27
28%
12%
91%
12%
*91%
12 >8
13%
1334
6%
11%
*79
3934
'
12%
92%
6%
!
11%
10%
79%
30
30
75
*11
*73%
11%
7'8
*11
Corn Etch
Bank Trust
—.109
Preferred
———*—•» r*1
1,03)
Coty [ne
1,0)0
Coty Internat
12%
*91%
92%
110
♦13%
14%
1,390
*6%
500
*17
6%
17%
500
*35
38
100
11
79%
10%
73%
1,030
*78%
*30%
31
2,503
10%
30%
74%
11%
7%
*80
*73%
11%
7%
7%
'
1~905
*80
Corp——-
Crane Co—
%
Crane Co 5% conv
pref.-.100
Corp (The)-2
Cream of Wheat
No par
Seal—..No par
w..No par
Crown Zellerbach Corp——5
$5 conv preferred
Na par
Crucible Steel of Amer.Nu par
5% conv preferred—
100
Cubs RR 6% preferred-—103
Cuban-American Sugar. —100
(The)
Crosley Corp
Crown Cork &
$2.25 conv pref w
Preferred,
133
*125
84%
303
74%
*11
70
Co--20
Refining- —-d5
Corn Products
230
6%
1734
*11
84%
580
6,000
2,600
7 %
7%
7%
133
'126
*125
133
*80
27%
37
74%
11%
Copperweld Steel Co
--5
Conv pref 5% series.-—50
a————«-}00
preferred.-—100
5X% conv
84%
M N
94
3%sdebentures.>.—i..——.1961
3%sdebenturas._i... 1966
9
Feb 17
10%
14
*13%
*91% 109
10%
*10%
14
*13%
*91% 100
'
s8
7'8
18%
7%
24%
■%
13%
7%
1
17
*13
.%
*14%
13%
"it
*14%
10«4
*13%
*9Hs
7%l
*92
10%
13%
*13
97%
10%
13%
14
*92
*8
l%8
%«
14%
14%
14%
13%
16
13
*15
7->s
4%
7%
7%
»ie
*82
25
83
*82
8$
*82
83
*44
47%
*44
47%
*44
47%
*44
47%
*13%
13%
13%
*1J?8
14
13%
"¥,800
4H% preferred..—-I--100
Curtis Pub Co (The) .i..Na par
No par
preferred—- - -No par
17
420
Prelerrod
15%
7%
23%
330
Prior
83
'
*44
13%
Cuneo Press
15%
7%
23%
83
83
47%
*44
13%
13%
13%
11,400
—
1
Curtlss-Wright—
Class
2,200
A
—- -------
%'v: 25
47%
14
'
13%
Cudahy Packing
100
24
*23%
25
*82
703
"t«
%
*14%
7%
21%
81 2
24%
%6
14%
15%
7%
7%
25%
Co—30
Inc..——.—-5
10%
*13
*92
14%
*15%
*81%
21%
13%
97%
13%
97%
10%
10%
10%
h
14%
16%
2
10%
97%
Cushman's Sons
"""600
„
I'nc 7 % Pf-100
Cutler-Hammer
.—No par
Inc...No par
$8 preferred
3% Jan 15
■
103%, Jan
92
23% Jan 2
s7% Mar 13
33% Mir 12
3% *%b 16
8% Jaa 1-5
42>-^Jan
Jan 21
19% Jan
,12% Jan
3
5
51% Jan 30
,9% Mir 11
Mar 13
45
27
Mar 11
Mar 12
55% Jaa 9l
174- Jaa 24
<15% Apr
-<i 9%-D8c
-.48
33% Jan 26f
47
'
8
Jan
164
2% Feb 16
7i« Jan • 8
14
Jan
10
Sept
4578. Sept
.
Jan
,27%,Noy
23% jan
18% Jan
56% Sept
52%
*54
%
Feb
5
; <
8
Jan
Jan
,
107,
Dec
15 r Dec
38% Dec
•
10
Jan
..
27%
;
Jan
Dec
v.
Dec
28
;r
Dec
47%
73%
Dec
98%
9
83 i: Feb
..94
3%
10% Mar 10
Feb
Feb
77
13% Jan 11
16% Jan
"31 Jan
4
12
*23% Feb
Jan 19
80
44 V Jan
Jaa
7
%
17%
18%
9%
25%
2
Mar
14
15-% Mar 12
7%Mar 6
7
98
Feb 18
90
Dec
16%
-—,...-1995
4s„—....1995
Stamped 4s1995
Conv gold 4s of 1909.. —...1955
Conv 4s of 1905.
——-.-.1955
,12% Dec
Jan 13
Feb
5
Jan
5
98
17j
Jan
45
:
Jan
34%
Feb
Dec
10% Sept
29% Jan
80
Dec
90
7
Dec
Aug
.
Jan 27
42%
Feb
47% Mar
17% Jan 14
17
14%
Dec
20
45
13% Mar 12
*3
3%
*3
3%
15%
*15%
19%
*3
1534
19%
10%
*15%
10%
*107% 10734
197% 108
7
7
7%
♦6%
21%
20%
29%
29%
2/34
27%
*27%
27%
10%
10's
*10%
*19%
8%
3%
8%
8%
4
;
j.*
3%
3
3
'
*15%
10%
10%
*17%
17%
*17%
1734
*22"»
22%
22
22
*35%
36%
*35%
38
■■
v
3 %
3%
17%
17%
17%
171
16%
17
22
lj82
17%
334
*•%
17%
17%
4
*%
17%
8%
22
21%
*35
*35
8%
3%
8%
8%
1
V
35%
900
"s'.OOO
*2%
1
190
inc.———-1
Co.————-No pat
—-20
Delsel-Weinmer -Gilbert ----10
Delaware & Hudson,.. —100
Delaware Lack & Western..50
JDenv & R G West 6% pt.100
Detroit Edison
-.--20
Devoe <fe Raynolds A ..No par
Diamond Match. ——No par
Records
1,990
Decca
Deere &
700
10%
•200
8%
1,503
3%
5,900
17%
6,503
17
17
17
17
22
21%
22
21%
21%
1,230
35%
36
36
35%
35%
600
*
Chemieal Co (The).
Pow k Lt 4
% Pf-100
27%
3'%
13
5%
6,500
17
3%
*•%
Davton
CorF—5
preferred--—25
Stores
7
17%
3%
Davison
19%
6%
19%
27%
10%
8%
8%
Davega
Conv
17
13
13,,
;
3%
*14%
15%
9%
9%
102% 104%
15%
10%
*14%
9%
IOV4
8%
17%
3
3
15%
105
105
*102
195% 107% *100
7
7
7
6%
*6%
6%
20%
20%
19
19%
19%
29%
27«4
27% *27%
27%
2734
27%
*19
10%
10%
10%
10%
*10%
9
17%
*%
3%
1534
*3o
253
.
Preferred..^—
Jan 22
3
15% Jan 7
9% Mar 12
102% Mar 13
6% Feb 11
,19
Mar 12
27
Feb 18
July
10% Mar
7
'
Dec
Dec
18
Apr
11%
5
W I 38 coll tr.5s--.1959
Refinln$ deh 3a-.——1953
2
19
.Jan
5
21% Mar 11
34% Feb 24
>27% Jan 19
Co...2
Corp-Seagr's Ltd.No par
21
16%Mar 7
% Jan 27
Feb 13
2%
Feb
16 >8
**
Dec
33
•.
7534
*8%
*34%
*8%
9
16%
75%
8%
*8%
17
17
*74%
*8%
16%
77%
*74%
8%|
*8%
'
9
8%
11%
*62
11%
11^4
11%
1934
11%
63%
*19%
34%
19%
62
62%
*61%
62%
20
19%
108
103
107% 108
*33
103
13%
13%
13%
13%
13%
*3
33«
*3
3%
9%
*8%
*8%
9%
*8%
*113
119% *113
*112% 119%
111
112%
112
113
107%
122 %| 122%
*122
12134 12 2
114
114
*113% 114
*113%
*3
76
8%
*33
-
34%
107
17
76
16%
77%
*33%
13%
11%
34'8
1
19%
31
9%
s* 16%
8%
-
♦33
19%
*19
16%
*74%
8%
34%
8%
34-s
509
Diamond T Motor Car
700
8%
Distil
"
76
75%
'
*8%
8%
16%
16%
77%
*33
8%
*8%
600
:
203
•
34%
19%! *18%' 19%
"""903
11%
11%
11%
11%
11%
11%
3,803
62%
62
62
62%
62%
62%
930
104
13%
8%
8%
*16%
*13
3
*8%
4
105
101
3
9 4
*8%
13%
119% *113
119
110%
13%
*2%
*8%
9%
3%
9%
119%
v
122% 123
to Septr
¥
•
3
10
Co.No par
International--——!
-—No par
8% preferred. — ..
100
70% Jan 22
♦Conv
Mar 12
101
13% Mar
9
Feb 10
3
8 "
Jan
8
Feb 26
112
May
7
9
Feb 13
Jan 12
32% .Dec
21
Jan 29
17
-
113-
Feb 24
144
Jan
2
126% Jan
23%
19%
1934
3%
121% 1231
28%
28%
120
20%
171
23%
21%
3
121
171
175
*171
1934
3%
3
3
118% 113%
*171
23%
23%
172
1434
14%
14%
23%
2334
23%
23
11
11%
10'8
11
11
23%
11%
%
15
*14
'
1
1
25%
25';
25%
21
22
22
23
48%
*109
23%
48%
112% *109
2
♦2
62
*50
55
*56
71
3!
6534
3>
6%
5%
5%
38
38%
38%
"*2~
►5%
*22%
.*%«
2%
60%
2%
2%
5%
5%
23%
1
*22%
*%«
3%
603
117%
117% 118%
*170% 172
170% 172
28%
28%
23% *28%
14
14
*14
14%
7,500
3
*2%
116
Jan
6%
Jan
10% July
117
Jan
136% Dec
120% Feb
127
111% July
118
7
2
27%.Jan 3
3% Jan 13
May
34
2
2
55
60
56
57
63
*60
67
i
6
2%
5%
23'g
10%
11
11
Electric
7I
1%
*%6
2 3%
24
20
20
31%
32
31%
31%
26'
11
2,033
1
1,900
*22%
1
*22
24%
1
178
23%
20%
1,500
•
*19
31%
26
178
*1%
54
1%
*50
303
31%
25
48 34
*50
58
*55
*53%
57%
65
*60
♦60
67
5%
38%
6%
2%
5%
*22%
23%
*l«
6
6%
5%
39
534
38%
38%
t
73
2%
21-
23%
23%
i?
*%
12
6%
5%
39
Light.No par
$7 preferred—-——No par
$6 preferred
.-.-No par
Elec Storage Battery..-No par
El Paso Natural Ga3
3
Endicott Johnson Corp
50
5% preferred
——.100
Service—1
No par
$5H preferred.
No par
$6 preferred...
No par
Equitable Office BIdg..No par
{Erie RR common w l.No par
Engineers Public
$5 preferred—
""403
23
%
Ind Am shares...
1,000
7,900
40,400
2,500
Ctfs of benef lat w
5% pref series
1—No par
A w 1—.100
2%
53s
*5%
%
903
Boat-.-.———3
Elec & Mus
Electric Power &
~*2%
"*2%
5%
303
Eaton
5%
703
23%
800
Co.——60
Eureka Vacuum Cleaner..—5
Evans Products Co
—--5
Ex-Cell-O Corp
3
233
Exchange Buffet
(
5%
23
.
%
6%
900
2,003
2
*60
*hi
1,503
55%
*53
s
.200
1
*9i«
%
1
21%
*50
5%
29
11
Mar 12
11%
78
"*2
Mar 11
28
11%
*%«
38%
6
115
4,300
14%
1,10)
*%
14
20% Jan
2
7
141
■
Jan
176
Jan
Mar
Jan 13
31% Jan
1%
24% Mar 13
"2,100
Corp..$2.50
Dee
120% May
160
Apr
27
Dec
6
Jan 21
15
24
14% Feb
.17% Dec
10
Dec
10% Mar 12
»is Feb 16
13% Jan
78 Jan
7
%
164%
1% Jan
8
%
Dec
Mar 12
20
2
29
Jan
23
Jan 20
44% Jan 5
107% Feb 16
35% Jan 23
32% Jan 23
32 '8 Mar
3
26% Feb 18
48%Mar 9
109% Jan 15
55
M ar
65%Mar
7
9
Feb
73
21
,
2% Dec
6434 Dec
Jin 30
66
Mar
27% Feb
23% Feb
26% Dec
21% Dec
39% Feb
107% Nov
5
3% Jan
l%Mar
61
5
69
Jan
74%
82% Jan 23
Jan
Dec
due—2000
W Va System—
Dec
3% Jan
32% Jan
2
2
2
4%
7% Jan 20
6% Mar 10
Dec
44
-
2%
3012 Dec
Jan 27
75
"2% Mar ii
1% Jan
4% Jan
21% Feb 18
25% Jan
23
% Feb
"m Jan
5% Feb 24
j.
7
6
De:
Dec
:
Feb
23% 2t% *24%
*7%'
8%
*74
*89% 91 t *89%
*21% 22% *22
*9
10
'
*9
30-%
25
8%
92
22%j
9%i
30%
30%
30
30
24%
7%
24%
7%
6%
*80%
911-
89%
24%
24%
*7%
*80%
22%
8%
91%
220.1
22
*9
9
*9
For footnotes see page JL.Q9a.__,
22
9%
30%
30%
23%i
23
30%
1,400
23%
7%
1,703
*7%
89%
22 j
89%
89%
50
22
22
9%
*9
7
*21%
*9
30%
„
23
9%
800
200
Fairbanks Morse & Co-No par
Fajardo Sug Co of Pr Rico..20
Federal Light k
Traction—.15
$6 preferred
No par
Federal Mln k Smelt Co
2
Federal-Moeul Corp
5
30
Mar 11
2278 Jan 2
6% Mar 12
89% Jan 12
20% Jan
3}
Jan
51
9
37% Jan 16
23% Jan 2 »
8% Jan
93
5
Jan 31
24% Jan 16
10% Feb 10
.
j
■*;
V:
104% 106
V-V'H-
j
•> i~
■
.1
o
■J
i\
62%
60%
•65
—
231
57
59% V65%
02%
-
-
4
O
6t«
63%
64%
216
(
D
37%
37
38%
276
32%
30%
r
o
42%
42%
44,
155
35%
44%
M 8
37
36%
38%
189
32
37
36%
39%
291
40%
844
31%
32%
8
39%.
j: 39%
53%
53%
24
Bangor A Aroostook 1st 5s
Con ref 4s
——
1913
J
97
96
1951
}95l
Battle Cr A Stur 1st gu 3s—19S9
Beech Creek ext 1st g 3148——1S51
Bell Telep of Pa 5s series 11—.. 1948
1st A ref 5s series C——....i960
Belvidere Del cons 3)^8—...^.1943
Beneficial Indus Loan 2Ha.... 1950
2i%sdebe ut uros— 1056
4s stamped
.1960
1965
G
Consol mtge 3tfs ser
H
.54%
48
j
44 4 53%
95%
9
48
30
55%
'
39
41|
49
48
98%
.58%
58! 4
48
D
49 .v>;
49
2
A
O
83 % r.
83%
1
J
J
107%V 107%
17
72% 83%
107% 103%
130
A O
J
0
F
.
*98% "99%
104
103%
103% 105%
103% 105 ij,
101
101%
102%
103%
100% 102 4
102% 104%
98%
j.
*96%
.,i.
96%
103%
103%
lflM
A
97%
D
F
127% 130%
"93%
A
J
27
130%
*101isi«
D
A
•
"93% "22
non
;J
J
A O
Beth Steel 3^s conv debs.i—1952
'« Consol mtge 3%s ser F
1959 J (J
F A
Consol mtge 3s ser
52
52 ;v
■;V 4
97
55
52%
J
J
-
1944
mtge is
1st
1st mtge 3'/£s—... 1950
M 8
Maine 1st 5s A C—19o7
MN
M 5s series II1955
.1961
1st mtge 4s series RR--. —-1960
♦Inc mtge 4Hsser A
July 197Q
t*Boston A N Y Air L 1st 4s.. 1955
Bklyn Edison cons M 3>4s—1966
Bklyn Union El 1st g 5s
1950
lstg 4548
series JJ—
A
J
J
20M
A
V
37
146
79
j
90 t
75%.
71% .75%
i
35
43%
37
43%
20%
107
75
85%
75
74%
41
19%
,
;■> 1
77%
107
MN
F
90
73%
74 >A
41
F
> 2
79
90
*"
MN
A
:
79
>
102% 102%
102%
*101%
79
O
Bklyn Un Gas 1st cons g 5s...1945
MN
1st lien A ref 6s series A
1947
Debenture
gold 5s.———1050
1957
Buffalo Gen Elec 4H8 B.—-.-1981
Buff Nlag Elec 3^8 sertes C-1967
Buffalo Rochester A Pgh Ry—
Stamped modified (interest at
1st lien A
3% to
-
ref 5s series
B
— -.
1946) due.———1957
tBurllngton Cedar Rap A Nor—
{♦1st A coll 5s
1934
♦Certificates of deposit.— — .
lst4s———1952
Consolidated 5s....—i—1955
Bush Term Bldg* 5s gu.—...I960
Bush Terminal
Canada Sou cons gu
J
D
MN
14
12
107
20%
108%
*100%
105^
106%
,
81%
82%
81%
97
97
100
113
93 X
104% 106
105
108
105%
105
*105
"sili
113
V
A
J
D
MN
39%
113
*110%
A
O
V
i-
88%
105
,
113%
110% 110%
40%
176
36%
41%
5%
7%
5%-
81%
80
7 V
80%
7%
7
vVTV0
AO
*77%
J
J
60
61
63
61
A
O
78
79
70
80
107
106
108
.
101%
Jan
1778 Sept
Guar gold
33%
Jan
Jan
Guar
106%
108%
104
104%
106%
108%
*108%
108
Jan
deb 6^s...l946
Ry 4% deb stk perpet— _.
Canadian Northern
39% Nov
36% Nov
34% Aug
Can Pac
33
1954
Collateral trust 44s_.
1960
^♦Carolina Cent 1st guar 4s..l949
Carolina Clinch A Ohio 48.—1965
Carriers A Gen Corp 5s w w—1950
Cart A Adir 1st gu gold 4s
198)
July
47% Sept
113
.
7
Oct
Jan
80% Apr
83% July
89% July
%
10
Jan
Aug
■
41^8——
—.1946
1944
equip trust ctfs.;
Coll trust gold 5s
5s
tCentral of Georgia
♦1st mtge
Feb
104%
109%
110
Nov
series B
Jan
♦Ref A gen 5s
♦Chatt Div pur money g
%»
Dee
%
jan
*Ref A gen 514s
series C
...
♦Mobile Div 1st g 5s
45% JaD
24% Mar
13
Mar
100
Jan
J
64
63
64%
58
S
93%
93%
94%
14
I
J
86
68
81%
82%
2?
77
54%
5
47
"85%
I
J
81%
J
J
S
'l"66%
106%
106%
4
MN
101%
101%
101%
10
54%
6
F
A
99
"29%
Fur footnotes see page
1097;
27
100
'
,
103 %
42% '55
98
100%
95%
16
93%
97
23
24%
30
"17%
53%
7
45%
17%
311
10%
53%
17%
16
4%
,
5
20
3
3
O
'*4%
4%
4%
95
J
D
18%
,18%
18%
10
15%
27
11
J
55
106% 107
1959 A
1946 J
88
83%
30
53%
A
O
1966-4 Of
95%
29
14%
16%
111%
15%
111%
2
5
4%
18%
16%
111% 112%
1961
70
68
70%
55
.62%
70%
1987 J
19
17%
19%
178
13%
15%
16%
242
14
16
17%
124
12%
13%
19%
16%
17%
*14%
— — —
26% July
14% JaD
98%
98
81%
68%
105%
04%
D
D
1945 MN
1959 A
54
A
16%
————1987 ....
16%
♦General 4s.--—
—-1987, J
4s registered
1987 ---Central N Y Power 3^s
—1962 A O '107%
5s registered..
6
54%
D
M
62
89%
103
105
104%
J
1945 F
4s.. 1951
—
108% 110%
I
Ry—
5s....—
§*Consol gold 5a.—,—...
'•
109%
M
F
42% Nov
Jan
J
Ceianese Corp of America 3s.. 1955
J
Celotex Corp deb 4^s w w— 1947
J
♦Cent Branch U P lat g 4s.— 1948
7% Aug
75
Coll trust
J
■;
107%
103% 103%
103% 105%
7g Aug
4%
10 0
105
104%
104%
——1956
gold 41^8—--—1951
106
104%
4%s —-----..-1955
109
105%
Guaranteed gold 4^8-.
17%
106%
109%
104%
,
84%
106%
104% 103%
107% 103%
80%
84
82
5s A„4„1962
Nat gold 4^8- —-.-1957
Guaranteed gold 5s—-.July 1969
Guaranteed gold 5s..—-Oct 1969
Guaranteed gold 5s---- — -1970
145% Sept
182% Jan
387g
106%
4s—1966
Canadian
Jan
Dec
96
<
53%
30%
83<
y'.
■
J
Pec
Dec
97
f'
104%.- 101%
J
Dee
May
V 90
1959
Dec
16% June
6% Dec
97:
101%
relAa A
Toledo Ciit Dlv
1%
19%
33
100
40%
4
90
25%
49
21%
Dec
8
159
3%
8%
32
40
32%
,
187
{♦Central of N J gen g 5s
30%
73
30%
32%
'
30H
53%
Light 3^s
l*Cent New Engl 1st gu 4s
31
68%
27
47%
to—--1951
Central Illinois
30%
.'71
36%
M (lot at 3 H%
I 1947) due
Jan
•
5% Jan
71%
35%,.
46
4s extended
to Jan
Jan
5%
%« Nov
5
% Jan
70%
May
Jan
2
23%Mar U
% Jan
Erie & Pitts RR
78
23
2% Jan
171
24%
28%
19%Mar
preferred..——100
23%
6%
6%
38 34
6% cum
23%
%
¥
Eastman
23%
6%
33'
Eastern Rolling
23
*14
*%2
6%
10
Inc.——I
Mills....—5
Kodak (N J).No par
Eastern Airlines
22%
23
21
31%
25%
*50
78
78
31%
*25%
2,930
19%
3
94%
98
70 H
52%
Jan
141% Jan
23% June
7
Manufacturing Co
4
Edison Bros Stores Inc..
2
Electric Auto-Lite (The)—.5
*1
22
21
20%
20%
25%
*25%
*2334
48 34
48%
48 34
48%
48%
48% 48%
48%
112% *109
112% "109
112% *109
112% *109
112%
*%S
6%
24%
22
32
*25%
48%
1
24%
22
*31%
2
55
1
25%
32
*45
*68
*%«
1%
28
*31%
♦ 3
%
%
%
1
115
20%
2%
117%
170% 172
28%
23%
*14
20%
2%
•97
u
83%
66%
98%
-
63%
36
F (int at 1%
California-Oregon Power
19%
*3
80
112
64
98
r
101-;,. 101
44
'
-04% V 65%
47
17% July
79
115% Feb 13
$4.50
.
100% 102%
53 K
Jan
Mar 11
Nem (E I) & Co...20 103
preferred..—..No par 121 ' Feb 21
DuQueane Light 5%>lst pf.100 *111% Mar 13
Du P de
I
l
J
-.■11% Nov
37% Oct
•
0
'
;
9
r„
MN
Jan
86
Aug
105
82
81%
,
J
Jan
I8I4
,
'■
Jan
10%
May
*9% Dec
13% Jan 21
59% Dec
6
124% Jan 3t tfllDt Sept
12%- Dec
15% Jan 3
2% Dec
3% Jan 14
> 6
Dec
9% Feb 3
70% Jan
r
110 ',112. :j-
1950
Ref g
Aug
6%
41
36
G01%
104
103%
1 1946) due—1996
due————Feb 1 I960 K A
pgh L E A
Jan
July
Dec
Apr
109% 111
65
D (Int at 1%
I 1946)
to Sept
V
23% Apr
20% Sept
297g Jan
12% May
65
Dec
-Feb 20
*18
8% Jan 21
32% Jan 2
19
Jan
2
53% Feb
6%
103% 105
'■17
-
101% •103%
J
MN
9
9% Feb
5
10% Jan
Dresser Mfg
730
Jan
Ltd.——No par
Dupton Corp
113% 113% 2-111% 112%
104
114
Casting Co No par
70
Douglas Aircraft.—--No par
Dow Chemieal Co. —No Par
Dome Mines
Dunhlll
93
105%
122%
114
Doehler Die
300
12,900
*111
122
114
Dixie-Vortex Co—No par
Class A-—Ns par
730
13%
119% *111
103
107%
108%
*121% 122%
2
122%
103
2,600
101% 102
103%
43'
1.3%
3%
*2%
.
warrants..100
5% pref with
8% Jan
'"2
110
M
Ref A gen ser
Ref A gen ser
'
Oct
Dec
21
j
'.""3
lit
109%'
*100
MS
•
>,y*-
% Aug
Dec
12%
38% Jan 12
14
%« Sept
y
90
88%
87%
91 %
101% 102%
101% 102%
97%
97%
Jan
18%
v Dec
1
101%
*.'.—
lio"
o;-?: 61M
'
*8^4
13%
J
4s
Big Sandy 1st
•
■'
20% Jan 28
preferred.——25
6
.
106% 109%
76
41
•
Blaw Knox
2
23
6% partlc
;J
M. S
Boston A
%» Jan
14
./
registered..—1948
bonds— iV't
1st mtge g (int at 4% to
Oct 1 1946) due
July 1948
Ref A gen ser A (int at 1% to
Dec 1 1946) due—. ..1995
Ref A gen ser C (int at 1 1-5%
to Dec 1 1946) due—: 1995
v'
28% Sept
10% Jan 28
4% Jan 27
105%
102%
I04?g
Stamprd modified
.
30'g Aug
Dec
104
♦97%
J
D
Atl Gulf k
"Feb
9%
17
91 %
102%
D
J
Nor 1st g 5s.——1916
'J
Atl k Chari A L ist 4>^s A..-:. l944
J
J
! 1st 30-year 5s series B.V./X1944
M S
Atl 1 tl*i Coast 1st cons 4s July 1952
'•« General unified 4
A.;i.irvl964 ./ t>
MN
'•
10-year coll tr 5s.—^May 1 1945
MN
LAN coin gold 4s_.—-Oct 1952
Atla -tic k Dan 1st g 4s
-1948 J ./
J <ij
Second mortgage 48—.——1918
27 >• Apr
11% Feb 20
•>.
D
J
Atl Knox k
Feb 27
29
16% Jan
3% Jan
sept
114
109% July
5
8% Jan
5% Sept
278
104% 105%
•
24% Jan 14
2
»Jan
3
Fob
11% Jan 19
110
Jan
8
'
-14%
6%
3% Jan 10
16
J
1910-1..—1960
Dec
24 ;
6%
D
—
Jan
.
99
Dec
•%
.13% Deo
.16 -,.I>ec
Jan 6
Jan 12
83% Feb
25
.
Dec
..-
J
1st 4s--,...l<)65
Trans-Con Short L 1st 4s...1958
Cal-Arlz 1st & ref 4)^8 A...1962
Atlantic
i-
43
.<•'
90
90%
*102%
Rocky MtnDiv
V
"91
MN
-
.
Conv gold 4r of
,f
90.-
Nov
AdiU8tment gold
.
O
A
General 4a...
»■
40%
62% 67
100
100
65,
64%
V 103%
h'
Atchison Topeka & Santa Fe—
..
.
34
107%-107%
f 48 ser c (Del)—
i
87
36
WH
s
■
103
106
105%
Jan
,
59
87
■
■
*106
104%
Dec
8-
;
92
\om
1st
Oct
.
41%
7
13% Jan 14
.j,
'm'y*
8% Sept
127% Sept
Feb
72
109%
106.
103% 105
1957 Jv.iJ
13% Nov
1% May
Jab 27
279
105
101%
Jan
134 -j Jan 26
107
.
104%
Jan
79% Jan
,
106
101
45%- Jan
15% Jan
80
13% Jan 14
105% 109 %j
*34 Yt
'9^ .July
.
11% Jan 20
88%, Jan 15
36 ; Jan 3
2
105%
39
*99 V
Jan
Jan
101%;
105% 108%
106%
Jan
L: 19%
.10% Dec .19
4%
:97%
56
V
.■
*104
O
Jan
Jan
Dec
88
,
,
>33
,'j-fy
Dec
-
182%
4%
Dec
4t i Jan
2
74% Jan
-<
Dec
II
:i
,19%
12
10% Jan 10
78% Mar 12
j,
>% 27g.< Dec
3
7... Feb
Mar
29% Mar 6
71% Mar > <
10% Jan 5
7%Mar >6
120
Jan 16
6
14% Jan 12
40%
4%
42% Apr
T70 s Mar
6
95% Jan
6% Jan 12
16% Jan 2
37
Jan
•
Dec
28%
.
•
( 3% Jan 5
% Feb 11
12% Mir 12
90% Jan 23
12% Jan 2
109% Nov
•/
pec
,17% .Feb
Jan 16
■5% , A ne
Feb
2%
»
38
101%
106%
106
106,H
;
r6%JVIay
9% Nov
Dec
•35%
7
3% Jan 16
24
Dec
217g Dec
6% Feb
103%
Ark & Mem Br & Term 5s—1964 MS
Armour A Co (Del) 4s B——1955 F A
Jan
30July
100% Jaai
16% July
79.>-Jan
>
147
♦Anglo-Chilean Nitrate deb—.1967 Jan
tAnn Arbor 1st g 4s
—.1995 Q i\J
Jan
7% July
^De-
-,":2%
<
24
67%
mu
3% ;Jao
•„
Feb
,
11
27% Jan 20
-
19% Mar 12
18
2 '■
Feb
,
Be".
-93
i
'*;• High
101
i.
103
105% 108 >
69%i
50%
101% 104%
211
107%
,106 H
V
Anaconda t op Mln deb 4^8.-1950 A
D
*15%
*19%
J
J
S'west Div 1st
1034
AO
-3s conv deb—'.—1956 MVS
•
11,. July
•
■-14-.., De'
96% Jan 15
13% Jan 3
•
5
No. Low
103%
;
i/0
<1% July
Deo
-,i %
2%
-
I
High
'
IV
Type Founders conv deb—1950
Am Wat Wk8 & Elec 6s ser A..1975 MN
8% July
23% Jan
107% Jan
7 ,:,r Der
1 % DM
.
8% Jan 13
5%. Feb
29. Fob
-
2%Mar 6
Mar 12
8
6%;Jan 29
>
"
Mar 12
12
Jan
2% Jan 30
2
7
288
:
97%
May
%
h« Jan
r:
J
■"
Jan
A >
"
*82- Der
Jan 16
„
'<
Jan. 1
66H
103^
'•99%
103%
./
-
Jan
30%
Da
'478 ,Dec
11% Dec
7% Jan 14
■14% Feb
Jan 21
i
;
.i
Since
o
GQCC
103 H
107 ;
1031/s
4_"
Jan
103
■■■'
Range;
o
Asked
<fe
65% July
90
Feb 10
l%Mar 11
4% Jan
,
Continental Can Inc.----—20
Contlnesital Diamond Fibre.5
Contl lental 1 wurance.—$2.50
Continental M itors------ *
Continental Oil of Del
5
Continental Steel C »rp .No par
"1#
A
"67
■18% Aug
23%. Dec
15% Jan
16% Jan 13
! 97% Feb >3
22
Amerioa.2o
8% preferred
Der
21.4 Nov
I3I4; Dec
18% Do."
(H4 Dec
7.7Dec
Jan 15
6% Jan
C(t...No oar
Continental B ik
14%
30
75
Cont-daer C >rp of
Der
20
Mar 11
'
Consolidation
12%
*10%
78%
:
1
Coal Co."— --2'
5% conv preferred-.- —100
Co isomersPow $4.50 pfNo pax
Dae
F
M 8
Foreign Po\y deb 5s
.2030
Araer I G Chem conv 5^8—.1949
Am iDternat Corp conv 5%is.. 1949
American 'Jfelep <fe Teieg—
Jan
UOV# Jan
111% July
7
1% Jan 3
4%M w 11
5
Consolidate! Oil Corn.No var
Consol RR of Cub 16%
%«
*17
10%
79%
Consol Laundries C »rp—
92%
37
30%
oreferred..-No par
2%
6%
17%
$2 p artic
Dec
debs..1951
Am &
Oct
%
21% Jan 3
11% Feb 28
Bid
Low '■
Allis-Chaimers Mfg conv 4s...1952 M} S
3778
6
'
82% Mar 12
% M sr 11
7% Jan 2
Industries.._--l
103
1,000
1
$5 preferred-
Coasol Film
Allied Stores Corp 4J^s
Mar
104%
7%
V 90/ Mar 11
6
Corp.—5
lisonof N Y'..No par
No par
Co isol E
31..
Dei
8%. Jan
14%Mi,rl2
16% Feb 10
9% Feb 16
Cigar
.No var
7% oreferred..
10° >83
90
6 %% prior preferred...100
Consol Coppermlne8
Oct
Dso
39%
6
CO
kS
Friday's
Price
,
<
Range or
.
Sale
'J-
•Railroad & Indus. Ces.^ (Con.)*
28% Aug
,
23% Jan
'
1
C.insol Aircraft Corp.-
V
Last
-■KS
Am
Inc...No par
Nitrn Inc.No par
Cong ileum
44% Jan
2% Jan 22
2%
%
*13%
37
*35
"
167
:
8% Feb 17
%» Jan 2
z28%Mar 13
..July
7%
16%
119%, Dec j
100
Week's
Friday
%;„■
share
per
83
<
96
5
10312 Mar.' - 7
9% Jan 10
'%• Jan .8
18% Mar 13
%
12%
3
*91%
1334
8,733
8.400
Jm 21
Co.25
Commonwealth Edison
43%
27%
47%
*%«
% 12%
79%
3)i4
*7.3U
11%
*11
6%
17%
17%
37
11
79%
75
6%
6>s
17 >8
*35
27%
*2%
:
91'4
930
45
165% 163% *165
•%
91%
1334
5.500
"45
47%
! 47
3
3
*%«
3,900
35
3%
20
19
10%
Sou—Ns var
series
No par
$6 preferred
-18 s Fab
2
!
Dec
21% APT
.
101 v, Fob 26
25
Feb
Jan 16
101-
Commoiw Uh A
530
*17%
*9%
10%
400
_
24%
7%
•
3%
19%
"47
27%
•
43%
166% 163%
0.8
17%
10
*45
47%
12%
2%
7%
3%
'19%
*17%
19
•
49%
1.300
12%
35'
3%
47%
28i2
24
10%
19
*46
90
24%
71
34%
7%
33%
""200
89
*83%
233
•
10
47%
#L9
39
24%
,
!
*85%
12%
*2%
2%
92%
92
;
24%
*26%
-12%
2%
'
*6%
4%
88
12%
<
93
49
■J
6%
4%
23%
2
Commercial Solvents..No par
703.
-
16% Jan
$4.25 conv pf ser '35.No par
1,7)0
*%
*4%
*26%
1
28
3%
.
7%
*20
110
8
1%
5
26% Jan 26
94
Co isolidated
9
l,
6%
19%
24%
7%
7%
7%
7 >8
7%
133
*123
133
131% *123
84%
*80
81%
84% *80%
7 %
6.700
6%
11%
*82%
8
Conde Nast Pub
""500
11%
83%
6
6%
11%
82%
♦7%
2
3%
11%
|
♦
.434
7%
19%
*17%
31%
*74%
12
*11
4%
20%
79%
75%
*1%
*6%
3 4%
11%
30%
6»
11%
8
35%
3%
80
11%
*70%
31%
74%
'
%
13
13
13%
7%
167% 108
27s
27g
3
*9ts
»
1234
92%
: ->
6%
11%
83% •82%
2%
*46
168
3
3
<%«
12%
91%
13%
92%
Jan
20% Jan
Comm'l Invest Trust-.,Vo par
83%
91%
90
92%
*17'8
28 34
50
2834
49%
50%
*85%
*10%
83%
24%
20.
10%
*46
50
10%
7*4
35'4
3%
20%
*10%
167% 167%
*10%
24%
3%
3%
20
19
10%
*85%
88%
*90
*92
10%
%
12%
92%
25
25
*17%
14%
18%
90%
2'2l
93%
7%
3534
3%
*13%
17%
28%
12%
734
*35%
3%
25
2%
14%
17%
11%
5
*434
*25i8
*89y8
28%
93
94
5"s
5
*2-8
2%
*2%
*91%
11,200
19%
2%
17%
1%
5%
7%
*89%
1238
"
19%
14%
7%
5%
*434
*23%
27
10
3,00)
12,20)
3,400
30
6% Jan 27
'24
Credit...10
Commercial
30)
%
*29%
*2%
8%
1%
5%
*6 %
5
*32
30
ireferred.No par
couv
share
per
64
•
4% May
2
5% Jan
4<{% convireferred.—-10Q
"¥,900
8%
8%
'■hi
:■
8%
'
735
*28%
3,200
$2.75
'
*8
*134
7
*6%
*4%
'32
2%
14%
918
*'2
*101
102
82 %
■»
22
17% " 18%
61,,
6U
16%
98%
22%
103%
18%
*2%
*10
12
82%
■tt
25%
16%
*91%
8%"-
8%
100
Jan 29
72
54%Ms,r 13
Columbia Pl2ture3.... .No par
$
$ per share
$ per share
Columbian Carbon Co .No par
40)
*25%
22%
Par
300
5%
13%
98%
22
23
102% *101
•••-'
54%
54%
5%
v"
BONDS
rN; Y. STOCK EXCHANGE
,
Highest,
Lowest
Highest
Lowest
Shares
$ ver share
25%
*91%
r
■
5%
16%
17%}
98%
19%
*2%
14%
15
28%
',,
Week Ended March 13.h,
Week-
Mar.13
58
5%
*25%
30%
30
19%
58 •
5%
}
8%
r
35
31%
92 U
*10%
6%
22%
10i|
*2%
*14%
17t2
*10i4
*85'4
*14%
17%
92%
92%
7
33%
*2%
17 <8
19'4
13%
*91%
8%
■8%
^
32 U
19%
2's
14%
17%
*19%
*85%
*25%
17 ^
103U 10)'4 *101-
32
3184
19%
19%
22 <8
98%
I
12—f-
,-,7Year (1941).
EXCHANGE
the
$ ver share
60
5%
23%
22%
•
32
*58
5%
23%
17U
*91%
18% *17%
9s'2
23%
23%
103% io.v2 *101% 104
:
8%
8
8%
8%
17%
*92%
7
r
"Mar,
$ per share
62
*5!fi
27
*25%
t
*58
51;
*5%
Mar. 11 ~
$ ver snare
61
*58
5%
*5'8
sday
Wednesday
10:
Mar
S ver share
,
62
*59
Tuesday
M cwr9
Mir. 7 ~
7 {
Range for PreHoUs \
,
On Basis of 100-Share Lots
YORK STOCK
NEW
for 1
Ranqe Since Jan. 1
STOCKS
1
Sales
SALE PRI"E3
AND HIGH
t j
BOND RECORD
1
LOW
r
i.,;
Monday, March 16,. 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
107%
i07%'
"1
107
14
,
107%
Volume 155
Number 4055
;>" >■>THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
r.
•
'
•
BONDS
■
Y.
STOCK
Last
Inter st Period
EXCHANGE
Week Ended March 13
Range
Sale
Bid
Railroad & Indus. Cos. (Con.)
&
Low
Cent Pac 1st rel gu gold 4s...1949 F
A
77K
Through Short L 1st gu 4s. 1354 A O
Guaranteed g 5s*..-1960 F A
56
85
18
} $
77%
72%
*3%
,
104%
S
103
[ *1412
i *10%
10%
31%
34%
*8%
15
80%
2
104%
103% •/>' 7
Wednesday
Thursday
Friday
the
Mar. 10
Mar. 11
Mar. 12
Mar. 13
S rter share
6 ver share
3 per share
$ per share
Chesapeake & Ohio Ry—
General gold 4 ^s...1992 M S
•; -
''/
-
*78
3G
14-V
80
Rel & impt mtge 3J^s D....1996 MW
Ref & lrnpt M 3^sser E...1996 F A
*14%
15
90
90
34%
34«4
103%
103%
103
f
128%
101
103%
100% 103%
,.9
-10-
*97g >10
*9312 98
1
1946 J
J
*m"\
J
*112%
♦Chicago
A
3^0-1949
O
J
Illinois Division 4s...;.
•
Q78
33
15
*8%
UI4
91%
«q%
1.4%
14%
90%
34%
vlO
i6'2
*20
41j
*4
>
10 V
*93% 98:
15% -16%
21%
*93i2
*8%
j. 14%
>*90%
,34
98 i
;
*16>8
*20 i
21%
414
*20.
31
31
*30
-
33
*31
1949
''.General 4s
V
,94%
V'i,
....
i
*29
,:;
39
*29
"13
37
85
.1958 M B
1st & ref 4 Mh series B......1977 F
1st & ref 5s.serles A........1971 F
80%
A
79^
*
): *10%
85
•
a
49
77%
10
69
125
83%
72%
35
; *34%
1*15%
"
rh':
9:9 '
Lowest
*40
'
3412
16'u
34l2
HI4
90
*90
.2
2.
"*1%
178
*9%
34%
10%
34%
3,100
Ferro Enamel Corp.--1
Fidel Phen Fire Ins N Y.S2.50
33
Mar 12
11
Feb 19
4% Feb
18% Jan
2% Apr
14% Dec
87
2
Mar 12
86
Jan
11
9%Mar 12
Dec
Jan
Dee
16
Feb
45% Sept
12
Dec
13
8%
900
13% Jan
3
16 *'s Feb.,
12i4 Dec
600
"y
6% preferred series A... 100
90
Mar
6
91
90
34
Mar 11
39% Feb
2
10'8 Mar
.11
4%
27% Sept
97% Jan
34%
Jan 19
41% Jan
Fllenes (Wm) Sons Co .No par
Firestone Tire A Rubber... 10
15
15%
91%
3% Jan
14% Mar 10
Feb 19
Feb
Dec
18%
105
Sept
Nov
Jan
Jan
10%
2,000
96% Jan 15
98
Dee
"""566
Florence Stove Co.....No par
15% Mar 10
20
16%
Dec
337g
Jan
390
Florshelm Shoe class A.Wo par
20
25%
Apr
'f 4%
Follansbee Steel Corp...... 10
7
Jan
220
21
June
35
Dec
32% Jan
24:
May
32% Sept
878
40%
34%
18%
34
34%
*27% 28%
11%
11%
130
130
*123% 132
; 87s
87g
8%
9
40
40
40% 40%
33
33% 34
33%
*18%
16%
16%
16%
5
5% Jan 13
34%Mar x3
17% Dec
509
90
*90
97%
16
*93%
15%
97%
*18%
21
20
20
4
4
3012
30%
39
3378
J7«%
H
U%
*10%
1
*130
131: i
*40
*8%
34%
*18%
90
•
77
.9%.
4
.
4%% conv preferred....100
197g
20
.4
16%
Federal Motor Truck..No par
Federated Dept Stores. Wo par
Highest
share $• per share
per
First National Stores..Wo par
Flintkote Co (The).J..Wo par
$4.50 preferred...... No par
-26
34%
500
400
$
5 per share
$ per share
Par
600
978
t
*29
91
:
'
500
fl%
40%
*16
90
■
I6i2
91
'■
33%
*93%
*15%
r
-
*90%
*33%
(1941)
Lowest
Highest
I
400
33"8
97g
16
4%
130
?S *8%
'40
*33%
*14%
97%
1.1%
130
14%
90%
14%
*9%
34%
*8%
Year
109-Share Lots
"
77
Ranye for Previous
Ranye Since Jan. 1
,
On Basis of
EXCHANGE
3%
14G
77
978
*93%
21%
-.
.
11%
130
40'
40
-; 1*90
80
i
>' 9
■
lli?
-
*126
130
40'
79%
-
11
11%
i*l20
95%
71%
*4
'
i\
w
•
81%
79%
70%
79%
70%
A
89
t
89%
92%
37
94%
94%
19%
3
81%
"
*4
*14%
34%
15
*15%
30
1'
'L
19% 1047
*83
k. wi
•
'■k
9%
33
30
;
9%
34
3%
,
77
3378
90%
34%
:tio
3%
14%
77
*9%
»16<8 ,'1612
4
mil
^.3-'
89%
87
*80
1949 J
4s registered
"31
-
17%
89
3^8 metered-^...-..-.1949
:K;
118%
88%
19
J
& Alton RR ref 3s..1949
Chic Burl & Q—111 Div
.
22
"T_ ~~
3%
*14%
"
33%
J
R & A Div 1st con g 4s.....1989 /
2d consol gold 4s
.1989 J
78
10%
'
*29
Potts Creek Br 1st 4s
3%
14G
78
34%
v*8% .15
'90's 9018
34i«' 34i8
126
-14%
*
'34%
:A 1414-14%
♦SG
*3%
*14%
c
79
10
15-,
v
r
3%
14%
*78
-791.1
*H)is TO'4
34U
341?
V
103%
*3%
-
Hi?
*78
102% 103%
n
127
103%
103%
:
;
-
101% 105%
'
126%
•
STOCK
Shares
V
'
YORK
Week
3%
3%
15
57%
82%
83%
i
S
M
Tuesday
$ per share
ver share
78
Champion Paper & FibreM
•
High
49%
16
Monday
Mar. 9
»
STOCKS
NEW
for
h Saturday
Mar. 7
-
■'
Sales
f-
68
11
86
LOW AND HIGH SALE PRICES
f
68
..
253
79%
-
:
Since
•
Jan. 1
88
72%
56%
79
85^
A... 1948 M S
5^s
ii-e
No. Low
77%
>55%
79«
Certaln-teed
Bonds Sold
■
Asked
High
77%
70%
Central RR & Bank'g of Ga 5s. 1942 M N
Prod
Range
or
Friday's
Price
NEW YORK STOCK RECORD
Week's
Friday
N.
RECORD
1091
4
15%
34
29
.
11
200
800
.
120
90
5%
conv preferred
94
Machinery Corp
Foster-Wlieeler.....
MO
...10
preferred...Wo par
Ma?
2
Mar 11
Feb 10
a;28>8Mar 12
10% Jan 2
18
Jan
40
Mar
3
33
Mar 13
1,700
Freeport Sulphur Co
.10
400
Fruehauf Trailer Co
..1
v
'
90
50
16% Feb
19
Mar
2
3%
6
Jan
Dec
9%
Dec
103
20%
Nov
Jan
132
Jan
Feb
May
2%
36
9
Dec
46
Jan
41
July
32% May
Dec
18
3
42% Jan
16% July
Feb
105
94% Jan 28
1% Jan
Gabriel Co (The) cl A..Wo par
Galr Co lnc (Robert).
1
9
90
5% conv preferred;.....100
1,800
6
131% Feb 21
10% Feb 7
40%Mar 13
38% Jan 3
2
F'k'n Simon&Co lnc 7% pf.100
_
5
1278 Jan 26
Jan 21
116
Francisco Sugar Co.4..No par
140
Jan
3178 May
8% Dec
21% Feb
37g Feb 18
30
...100
Food
$7 conv
9% Jail.
809
,
91
1
23% Ju.y
93% Dec
99
1% Dec
1% Apr
7% Apr
12
Nov
23
Sept
Aug
:
Chicago & Eastern 111 RR—
♦Gen mtge lnc {conv).....»1997 J J
Chicago & Erie 1st gold 5s..%.1982 m n
Chicago Gt West 1st 4s
♦Gen lnc mtge 4^8
ser
A.1988 J
2038 J
t*Chlc Ind & Loulsv ref 6s.. 1947
♦Refunding g 5s series B....1947
♦Refunding 4s series C..—.1947
33
32 ft
65H
32%
J
J
Chicago Ind & Sou 50-year 4s..1956 J
36
45
♦PS*
38
1?8
*178
1"'8
31%
2,
*178;
36
*9%
1014
U ;
4
33
33
*29
♦1st & gen of series A...1966 VN
♦1st & gen 6s ser B..May 1966 J
J
67%
36
44%
32%
*32
29
J
8
,
69%
8%
"l3
7H
8
8%
46
69%
4
69
34%
123
61%
32
r/38%
fj
25
121
23
66%
J
J
97
2
-65
J
J
34%
123
123
-V-
J
(
*18
34
7%
3
10%
;:>7%-61% 70
*18
19%
3
>•:
*6%
10
*958 ,1014
7
,
'
101K
*9^8
*52
19
•
-3i8
*6%
95g
V
49
J
♦Gen 4 V£s series E.May 1 1989 J
J
♦Gen 4Mb series F.May 1 1989 J
J
tChlo Mllw Ft Paul & Pac RR
♦Mtge g 5s series A
1975 F A
♦Conv ad] 5s..
Jan 1 2000 A 0
♦General
;
57
48%
360
51%
?
49^
49
51%
168
38%
51%
i
49%
49%
51
101
38%
51
49%
:
13
14%
2H
'
14% 2050
2%
2%
7
31%
*28
''
31
32%
32%
33%
33
34
1936 M N
40%
21%
D
^{♦Chicago Railways 1st 5s stpd
Aug 1940 25% part pd..l927
;
21%
21%
1%
-
45
3i2
:
3%
*3
*3%
.7
22%
33%
45
1
3%
9%
89%
*18% 19,
*18% 19
*123% 125
*123% 125
24% 2478
1-1812
,*12312 125
I
24U
2478
V
31
31%
30%
84
27%
33
33%
■
246
22%
34%
S
247
23
35%
f *78
82
77
77
129
*6%
4%
*3%
44
2%
2%
*77«
*124
125
*-
3054
30% 30%
112% *112;- II284 *112
m34
1% :>>1 >
1'8
1'8
1%
1%
30
•2734
112
112
*2%;
8%
*S57g
*18%
22%
34%
222
26
41
t
276
14%
13%
14%
!%
23%
'
22
338
22%
1%
157
46%
48%
14
152
•I
22%
M
33%
i.
2%
34
125
19
!\
77
2378l
27%
112
1%
80%
1%
v
82
'■j 80%
!
.
3414
*18%
191
•;§i8
2ig
Feb 17
98
Mar 11
2.400
3%
3,200
Gen Amer Transportation...5
General Baking............5
3%
278
8%
89
A
gen 4s..1988 J
48%
3
1988 J
J
4s registered
26%
49
40
24
24
19%
14
18;
25%
60
18%
9%
23
462
10%
15%
9
1%
2%
;
I7I4
*97„
17%
78
f
72%
73
16
*11 '4
16
•1418
11%
14%
*11
'
Chicago 8t b & New Orleans5s. 1951 J
23
13%
14%
14% 1993
15%
2%
2%
14%
>>>;
D
Gold 3 J^s1951 J
D
1951
J
D
80
75
75
.
51%
60%
47
53%
66
3
64
68
52%
61
52%
24
50
54
51%
1
J
J
107
106%
J
J
"101%
101%
West Indiana con 48.1952 J
J
95%
98%
95%
1st mtge
Chic &
3Jis series E
1963
3-Hs series F--..--1963
?
1st & ref M
O
41%
41%
101%
96%
98%
42%
M N
24%
23%
24%
41*8 series D..1962 M
SsL*-..
Chllds Co deb
t*Choctaw Ok & Gulf
--..-1943
53.1952
A
con
S
98%
106% 108%
99% 101%
19
4
••}
I
Chicago Union Station—
mtge
t *24
14%
66 >
M S
1 1960
15%
2%
80
*.""""'
I)
Chic T H & So'eastern 1st 5s. 1960 J
1st
114%
1
75;-
74
ZHB..1966
F A
1st gu 3^s D..1971
107
21
94%
49
96%
10
36
46
34
-,
MN
''
107%
110%
107
1st mtge 3H8..i
;.„.._19G7 J D
Cln Lcb A Nor 1st con gu 4s.1942 MW
Cln Un Term
17
110%
33%
125%
18t,i
18%
2%
2%
127%
33%
33%
*125
125%
-18%
18%
*2%
2%
110
96%
98%
*24
27
>
17
17
17%
11634
934
73%
984
74
*97g ,10
73-48 73%
16
*111%
J
*96%
112
J D
"13
112
....
*110
J
70%
.....
778
3%
*314
45%
47„
434
61.
*58
14
434
43
*?8
\
?
■
'■
r
*2
'
62
I414-IU4
*40
th*
*l«
2%
«
57i4': 57i4
56i2
12%
13
127fi
k
68
68
68
2
64
70%
105
105%
"if
4t4
"K
6 '
0
,3i«
3
if 7
70% 74%
104% 108%
17
{
i
*101-7',2
-
w
'C
W
f
*104%
O
O
1977
Coal River Ry 1st gu 4s.
1945
Colo Fuel A Iron gen s f 5s..1943
♦iis Income mtge
....1970
0
lsts f 4 Hs series C
108
>3
*
70%
D
;:J
81%
....
82
81%
70%
64%
71
59
6
'
k,
-
»
108 > 108
I.
16%
24%
24
25%
A
A
103
103
2
O
83
83
6
23
21%
23
279
94%
92%
94%
238
1952 -4 O
95%
93%
95%
93%
55
1961 J
J
Columbus A H V 1st ext g 4s. 1948 A
0
Columbus A Sou Ohio El 3)^8 1970 M S
*11%
v
10~8
1*11%
1st ext 4s..1955 F A
91
-
90%
-
-
.....
.....
77
75%
66%
58%
83%
83%
3
66%
62
*108
106%
,
150
103
25%
*110
108
106%
8
.....
....
25%
149
109%
108%
8
108
26%
26%
*106%
69
110
1946
3
Consumers Power
1st mtge
1st
1st
1O6
107%
.....
.....
24%
*30
/
1st mtge
*.
-
-
-
104%
31%
42% Sept
Jan 20
112%
Feb
Jan
Jan
117% Aug
1% Nov
Jan
104
Nov
91
Sept
1% Jan 15
Jan
83
Jan
%
9
9
3
2
131% Feb 10
'34% Mar 3
.
126
Jan
61
30
Jan
38
3% Jan
78% July
Dec
132%
28% Dec
Deo
48%
Jan
127%
Aug
27% Dec
48
125
3
6
>2%Mar ,9
121%
Sept
4%
47„ Dec
7%
3
700
6% preferred..
...100
Gen Realty A Utilities...... 1
400
530
400
........
11
400
50
6% preferred
.....
7%
*7%
3%
3%
45
77S
600
3%
2,100
45
300
-5
1,900
"
47g'
4%
General Tire A Rubber Co
Gimbel
Brothers......No
3
27
i
19% Jan
5
10
7
8%
79% Jan 19
46%
Jan
Mar
Jan
14
Dec
Dec
Jan
Jan
110% Nov
%
16%
Jan
Jan
106% Jan
% July
25
Deo
29% Jan
11% Jan
80% Sept
5
16
1278 Jan 10
16% Jan 16
Dec
16'.i
13
Dee
22
June
Feb 24
102
Mar
112
Dec
Jan
110
6%
Jan 15
Jan
Jan 29
Jan
44
Feb
-
Feb 19
Dec
9%
878 Feb 14
3%
48%
578
65%
14%
Jan
4%
59%
12%
37%
Jan 26
Feb
20
44% Feb 18
par
Dec
;
Mar
,
Gillette Safety Razor..Wo par
$5 conv preferred....No par
£9
93% June
% Nov
16% Apr
7ie Jan 20
14% Mar 12
10% Feb 11
14% Jan
108% Jan
7% Jan
100
%i Nov
105
15% Feb
87g Jan
70% Jan
Gen Time Instru Corp.Wo par
105% May
3
5
12 >8 Feb
Feb 21
Jan
23
General Shoe Corp..
...1
Gen Steel Cast $6 pre!..Wo par
Jan 14
% Jan
V. Ma:
$6 pref opt div series.No par
General Refractories...Wo par
1,100
Jan
%» Jan
General Telephone Corp...20
Gen Theatre Eq Corp..Wo par
14%
45
108
104%Mar
l'ioo
25
-
5% Jan 31
478Mar
....1
Wo par
Gen Public Service.4..No par
Gen Railway Signal...No
par
14%
11
11%
U%
14%
*13%
14%
112% *110
112%
60
59%
14%
a:14%
59%
14%
42
*40
•
h
2
Y.2
*80
1 14
f- 87
*40
42
55%
*%
'2.
%
200
3,300
100
$6 preferred........No par
Glldden Co (The).....Wo par
4>i% conv preferred
50
Mar 13
Dec
2% May
34% May
4% Dec
5
Jan 20
Jan 21
Jan
24
Aug
Jan
14% July
4% Sept
54
Dec
9% Sept
60
Feb
11
4
Dec
74% Oct
J778 Sept
Dec
40
35
53%
56%
57%
1,100
127g
4,800
12%
127g
127g
65
*178
65%
66
2
1%
*54%
2*8
63
>5414:
60
*54%
,82
:
56%
127g
*1%
79% Jan 28
13
2
13%
65%
■i 65
2
Gold A Stock Telegraph Co 100
Goodrich Co (B ¥)....No par
13%
87
14
56%
700
"2.900
100
Jan
> 66
1,300
17g
300
56
5% preferredWo par
Goodyear Tire & Rubb.Wo par
$5 conv preferred
Gotham Hose
...100
Jan
8
f
v
10% Jan
i
_
£58
'it
2 '
2% Jan 29
-
Jan
60% Jan
1% Jan 20
Wo par
.....No par
Preferred
60
%Mar
Jan
•
lli6 Jan 30
Gobel (Adolf)........
1
Goebol Brewing Co..__..__„l
h
2
■
87
13%
*%
:;
*80
;' 2
'
*80
14
%
^4
43g > 43g
*0
6%
■
4%
600
6%
*6% > 6%
*26% 28
700
Grand Union
100
Dec
Dec
2% Jan
2% Sept
Dec
91
11%
Apr
54
Dec
2178 Nov
7434 Oct
2034 Sept
80
Feb 13
15% Jan 14
60% Jan 20
13%Mar 4
697g Feb 7
2% Jan
■
10
Dec
90
Jan
59
Dec
3
1
June
3% July
25
June
68% Nov
67
Jau
6
1
Feb
2
5% Jan
Jan
4%
*6
6%
7
*23%
200
6%
27%
*27
24
*23%
-'
16
16%
4%
1
*4%
*6,
2534
23%
2334
2578
257g
141%
60
25% 2534
141% 141%
*50% 60
*28
2834
*50%
28%
]
11%
i
1078
*1034
I4II4
1134
1078
12%
3%
64
1%
1078
*11%
140
*16
3%
64%
3%
27%
16
23%
16%
23%
9,609
25
25
*24%
*30
25%
3284
23%
25
25
a •139
139
25
1,509
60
*28
29
11%
11%
1078
H7«
*10%
1078
3
3
*3
*60
66%
3% > 3%
27%
27%
3%
1178
>
*60
2,200
*138% 141%
*50%
11%
•
6 484
!
3%
27%
22%
60
28%
1134
11%
12%
•
*3
3234
;
109%
*50%
'
*28
29
80
11%
*10%
12
.
11%
I07g
12%
12
>,:
5% preferred.....
3
2
27
Gr Nor Iron OreProp..Wo par
Great Northern pref...Wo par
25
139
9
'""406
2,700
1,200
1,000
31
Jan 13
28
Dec
25
Feb
3
23
Mar
25%
Jan
28
Inc.._..._l
Greyhound Corp (The) .Wo par
Mar
5j%% conv preferred.....10
Grumrnau Aircraft Corp._..l
11
Gulf Mobile A Ohio RR Wo par
26
26%
1,500
$5 preferred........Wo par
20% Jan
25%
*24%
25%
100
Hackensack Water........25
32
*30
32
26%
>
24%
*24%
28% Jan 27
143
500
Guantanamo Sugar
Wo
8% preferred...
par
100
9
33%
12%
11%
14%
37S
Fe)10
100
27%
10% Jan 5
25's Feb 27
,
11% Jan 21
10% Jan 14
3,100
*3%
2
7% Jan 12
8% Jan 14
Mar 12
3%
*60
3%
%
Jan 14
5
Dec
12% Dec
18% Dec
197g
Jan
,
Jan
Feb
Mar
Jan
3
4
4
6
76
Jan 29
Jan 30
4
Jan 24
2
2
2
2
29% Jan 24
135
Dec
42
Green (H L) Co
1%
2
2
2
66%
66%
3
% Dec
3% Dec
67g Dec
Feb 20
2% Jan
48% Jan
2% Jan
3%
2
6%
1334
12»4
36%
23% Jan
15% Jan
21% Jan
20
Great Western Sugar..Wo par
Preferred
^..100
2
Mar
6% Jan
div ctfs.Wo par
Green Bay A West RR....100
60
3%
26%
9%
*10
32
*30
9%
*878
1034
24%
9i»
*878
1034
*10
10%
*95
15%
*75
*95
102
i
95
95
102
*101
102
101
101
15 >
142
-
102
*101
102
' 3%
»
\
*978
*95
*101
108
*24
*30
4 *10
*125
31
108% 109
"
*15
15%
142
*125'
31"
3l2
84
1%
15%
142
-■»
84
*75
15
1478
*125
3%
3%
84
*75
1%
110%
8
188
13g
*7978
109% 110%
102 %
32
*8%
9%
10 ,,10
100
100
'101% 102
147g ' 1478
142
4
*3%
84
*75
48
105
58
104
104% 106%
104%
106%
44
103
105%
28
105% 108
*125% 130
104%
104%
57
103
; *30
33
82
106
"
105%
23%
33
31%
31
33
20
26
Jan
Mar
1%
13
28
July
144% Aug
51
Feb
9% May
1078 June
10% Dec
Jan
Jan
Jan
18% Nov
28% July
3534
1434
11%
18%
3%
29% May
Jan
Jan
Jan
Dec
Sept
Sept
Apr
Sept
July
Jan
55
1%
Feb
9
Feb
4% Aug
23% Dec
Deo
*8%
9%
10
*9%
99%
15
15
*75
4
84
3%
*75
10
6
25
Feb 11
32
Jan
3
33
Jan
5
9
Jan
3
10%
Jan
6
Jan
2
237gMar
9
23% Dec
33
Jan
Feb
38
Mar
33
8% Dec
87g Dec
16%
Jan
10% Feb
6
15
Jan
.....100
95
Mar 11
106%
Feb
7
102
Dec
108
July
20
Hanna (M A) Co $5 pf.Wo par
100
Feb 26
104
Jan 17
100
Dec
10634
Jan
1,100
Harbison-Walk Relrac.Wo par
25%
Jan
146
""600
14% Jan 2
143% Feb 18
3%Mar 7
12% Dec
6% preferred......100
Hat Corp of Amer class A...1
6H% preferred
100
1,000
Hayes Mfg Corp...........2
""300
30
y
142
3%
7% preferred class A.....25
Hall Printing Co
99%
*101% 102
*-.-.
*3%
20
84
Hamilton Watch Co ...No par
6% preferred.
80
16% Jan 19
Jan 10
4% Feb
87
Jan 29
2
Jan 21
140
Jan
3% Dec
92
Dec
4934 Feb
6% Jan
30
32%
28
23%
32%
86
85%
86
80
86%
'
8178
1%
5%
1%
i
85
*80
*77
i
5%
1%
81
5%
54
54
12
12
xoA
56
1%
81
*77
5%
5%
*52
58
*12
12%
56%
55
30%
30%
80
*79
83
*79
81
13
12%
*10%
13%
11%
*13
13%
11%
167g
79
,
17g<
100
Hazel-Atlas Glass Co.
25
81
Mar 11
3,300
Hecker Products Corp
1
5
Mar 11
6% Feb 19
200
Helme
(G W)
.......25
Preferred
'""400
3,300
100
Hercules Motors......Wo par
Hercules Powder
No par
6% cum preferred
35
*30%
1% Feb 19
Jan 6
93% Jan 19
130
*126
*12%
*10%
13%
11%
*1%
*156% 160
7978
85
*12%
,
1%
'""206
79
300
$4 conv preferred
300
Hinde A Dauch Paper
..100
No par
Hershey Chocolate
No
par
53% Jan
154
Jan
;
3
57
Feb 11
5
158
Feb 28
11% Jan 30
12% Feb 24
Mar 12
72
Feb
9
128
30%Mar
5
40% Jan 5
102% Jan 12
x54
125
79
Mar 13
Jan
2
Jan 21
1%
Dec
101
Feb
3%
Jan
Sept
8% Sept
96
76
June
5
Dec
50%
Dec
96
Jan
Dec
168
July
150
10%
Apr
65%
Dec
£123% May
33% Dec
99% June
16%
Jan
80% July
132%
5684
Oct
Jan
115
Jan
33
31%
1960
35
1 *80
1%
1%
81
81
*7978 00 £
5
5%
5ig
5'8,
56
5434 5434 *54
*54% 55
*156>4 160
*150% 160
*156% 160
! 12
*12
12%
12% *12
12%
>
56 '
56
57
58%
55% 55%
*125% 130
*125% 130
*12512 130
*30 '
34%
30% 30% *30% 35
*54'8 62
*156% 160
103%
104%
30
24
2384'
500
25
w
% Jan
4% Jan
6
Granite City Steel..*,.No par
Grant (W T) Co..........10
25
4,600
4%
1
Graham-Paige Motors
.1
Granby Consol MSA P...;.5
67g
6%
27%
"if
*634 >7
*634
'27% 27% >27%
25
24
16
13% -16%
16%
*878
*125
1955
9
i
*12i2'
*10%
i *16%
■
*10%
17
*6
*108
M W
109
109
"_4
M W
109%
106%
110
24
108% 109%
108% 110%
21
106
108
106%
108%
100
100
10
M W
......1969 MW
1950 A 0
f debs..1955 J D
106%
Crane Co 2 Ass f debs..
Crucible Steel ZAs s
32%
*87g
103
104%
1958
1967
,__.1970
1966
mtge 3^8
>38
28
'
*5012
3%
27%
'
25
108% 110
.1965 MN
3 As
33%
H
28%
Co—
mtge 3 j^s
Jan
5
5^
90% 101%
1956
1st mtge 3 >{8
Apr
35%
102
123% Jan 28
18% Ma; 12
...No par
Oct
130%
Dec
'
Mar 12
105
23%
92% 102
102%
1948
.....
i
General Printing Ink
$6 preferred
73%
14%
;
14%
42
*2312
5i2
110
Consol Oil conv deb 3Hs..... 1951
t ♦Consol Ry non-oonv deb 4s 1954
♦Debenture 4s
♦Debenture 4s
Common
22
Dec
24%
.....
*109
SAa debentures—— 1956
Consolidation Coal s f 5s
.
Dec
Jan
Jan
Sept
15
Consol Edison of New York—
...
$5 preferred.
..Wo par
Gen Outdoor Adv A ...Wo par
93% 102
*100%
4V$s_1951
..1951
1961
2,400
1,100
'
*63
*23%
24%
1st 4s. .1943
3 >$s debentures
7
25
11%
*10%
*11%
3'
15%
1958
3^s debentures.......
3^s debentures......
6,100
__j._Wo par
2
16
118
6%
1578
97
88
_
109%
1968
Conn Rlv Pow s f 3 Jis A
63
6%
24%
28
3
103%
81%
-
65
Co—
1st mtge 3 As series I
700
1,800
60
14%
14%
2%
^
*3 "
71%
'
1969 May
Conv debs 3>$s
Stamped guar 4^8.
-
*251"
11%
11
12%
v
♦Commercial Mackay Corp—
Conn Ry A L 1st A ref
434
13% J 1234
•66"
"1*
28
24
25%
60
28%
-
Conn A Pasump Rlv
16
•:
;
.
141% *140
*50%
28%
*104
Columbia G A E deb 5s.May 1952 M N
Edison
*27
*231*
3
05%
♦Colo A South A A* series A.. 1980 Af-N
Commonwealth
900
9%
>7%
3%
*44%
.4%
7%
3%
*40
-53%
-
4% >;
*634
28
>. 24
24
*16
*140
107% V ''j'■
108
.....
I
;•
108
*89%
♦105
O
Apr 1
38.900
16%
9%
*101«m
O
-1973
Tol
l%«
?'7
*6%
i *27
I;
1942jA
4>£b.1961
deb w w
14 >
*178
*54%
63
4%
V
Cleve Union Term gu 5^6...1972
Income
7%
3%
61
2%
87
'
12%
63
2%
6
86
;
Columbus A
*178
>54
•
137g
56%
6684
2
*80
58%
13%
6
70%
1977 F A
1981 J J
15
74
5% preferred....;
.100 3127% Mar
General Motors Corp..^...10
30
Jan
Jan
De;
'
2%
1414
4%
;
1950 F A
5s.....Apr
16%
: • 73
U10
45
%
%
87 J
13?«
!37g
50
50
Gen 4^8 series A
Debenture 5s
'
*44%
i' 4 34
14%
2%
*80*
14
i
53%
86
50%
50
Series D 3 As guar....
Debenture
>
'
40%
;
%
87
*80
1414
•
44
50
50
1942 A O
1st s 1 5s series B guar
*221,4
16%
.,9%
73
25
14%
107«
14%
112
*58,
40%
42%
44%
"50%
Series C 3>{s guar.........1948 MW
Cleve Short Line 1st gu
*9%
15%
107g
14%
14%
61
*58
247
89
*85
J
J
f ,
series B
*22%
16%
7434 V 72
IO84
77S
76
Cleveland A Pittsburgh RR—
Gen A ref 4^8
General Mills
130
1
2
Jan 16
Ma:
116
78% Ma; 12
2
'
D
MW
......
1634
/
*110
3% > 3%
*44% 45%
*434 > 47g
'
14
t
*
B....-
*71»
; 3%
*44 ig
46
70%
J
Gej 4>4s series
127
Mar 11
112
'
5
J
Series B 3Hs guar
72
112
*110
i-
112
100%
70%
24
*13%
,
112
; *55
A
23
934
*14% >1534
11
11%
14% 14%
1134
14%
*1312
77«
*7%
3%
*44%
K
478
$ *58-
'i *40
106% 108%
110% 110%
102% 1025a?
108% 109
14
■iL
108%
108%
108%
26
'
' 110
>
Cleve Cln Chic A St Louis Ry.....
20
9
500
75
127% *126
32%
6% Dec
73% Feb
2
Gen Gas A Electric A ..Wo par
$6 conv pref seriesA.Wo par
80
Jan
Mar
24%
•5
*101»"l6
26
£17
10
1
1st mtge gu 3^s ser E...—1969 F
Clearfield A Mali 1st gu 5s....1943 /
General g 4s
100
6,300
80%
Jan
5
40% Jan
1
7%
2% Dec
26% Mar 13
Jan
65
Oct
Sept
July
General Foods Corp...Wo par
$4.50 preferred..... Wo par
27%
122
Dee
5%
104
144
9,600
26%
:17% Jan
3%
Mar
9% Jan 14
90% Feb 4
Feb 10
88
39% Dec
115
8
12% July
5378 May
3% Jan 15
3
Jan 98
2% Jan 3
7% Feb 19
—4.-No par
Apr
June
5% Mar
Dec
28% Jau
*74
•125
Class A
Jan 20
z23%Mar 12
200
.
26
*13%
f
Cincinnati Gas & Elec
200
119
2
General Electric Co...Wo par
*5
5U
5
5
-5
5%
*5%
>5%
4"g
5
109% *103 i 109% *103
109% *106 ' 109% "106
109% *103
109%
%«
*i4
»32 >>*%'
*3!
.v.''
*14
*1^ '?"• 932
*%
»
j *%
f
11%
117g itlllj, n%
11% •11% *11% 11%
11%' 11%
*lli2
12
*100
105
4*10112 105 *100- 105 . *100 - 105' *100 105
> 5t«
5ic
*5i«
4
5io
I
IJ32
■6it
5
29
22
{♦Refunding gold 4s
1934 A O
(♦Secured AHs series A—..1952 M S
♦Conv g 4^8........
..I960 M N
; Income guar 5s....Dec
800
-.
*
18% 27%
6S1
,25%
23%
-
1988
Memphis l>lv 1st g 4s
27%
24%
23
-
4s ctfs registered
-
4
101
46% Feb 16
4% Jan 16
2
2
Feb 10
3
5
Apr
8% Dee
47% Jan
2% June
2% Sept
*
F
♦Certificates of deposit
1
200
Jan
Jan
200
*105
t*ChIc R I A Pac Ry
y
41% Jan
3% Jan
112
104
29,100
1%
•126
*
4
$6 preferred........Wo par
........
6
10% Feb 20
700
Dec
2% Deo
52% Jan 22
5% Jan 15
200
$8 preferred
Wo par
General Bronze Corp....
5
General Cable Corp. __Wo par
5
Feb
9
51
150
15
5
Feb 13
9% J»a
5
Jan 20
7
:
6% Jan 23
10
3
3% Jan
yy 20
78%
74
,
21
2
1878
*112
116
1
78%
77% >75
76%
129% *126
129%
33%. 34%
-3234 33%
125
125
125
125%
*1834 19% ,1834 1334
2%
2%
•2%
*2%
>75
125 > 125
19%
'2%
•
#2,«
I
>77 >:..
82
129% £12784 12734 *126
125
22%
84-
Jan
3
Jan
7% cum preferred......100
General Cigar Inc.....No par
7% preferred...
100
"
S
3
2
11
124% 124%
23% 24
125
26%
No par
Gar Wood Industries Ino....l
5% preferred......
Gaylord Container Corp
2% Feb
2% Jan
1% Jan 20
9% Feb 11
18
Mar 11
20
...
44%
3%
*3%
19"
*18%
6% preferred
GamewelICo (The)
5 H % conv preferred..... 50
Gen Amer Investors...Wo
par
114% 115
89
x23%
*112
44
;r
2%
8%
*85
125
4%
101
*37g
3
!2%
•8%
91.1
89%
18%
100
44%
3
'""loo
*98
4 3%
115
3%
■
52
4%-
115
""70
1,600
7
10
*9%
*51
*96% 101
'33
*88%
i
18%
10
2,500
3
*6%
7
98
19%
3
52
'
44
44%
3%
3%
114% 114%
3%
2%
9%
897g
*2%
*8%'
*87%
■
*3%
J89%
4
19%
3
*9%
>51
53
98
115%
*3 G
3
*2%
878
•
*17
10%
i7? y i7g
*17g
2
*9%
10
1%
2
10
18%
'H3 -V'
7
*9%
*51
44%
3%
••
115
.
*fil2
:
99
44%
3%
,
3
4%
99
90%
18%
J;
*8U
V*87l2
*4%
102
*3
3
3;»
s
4G
-
■
3
10%
,6212
*51
3% "3%
*115% 117%
3%
23
m
20%
32
6
55
34%
39 * >41
22%
21%
22%
20%
,
32%
22
155
"•
34
1 2037 J
2%
20%
104
33%
34%
35%
33%
1987 MW
♦1st & ref 4^8 stpd May 1 2037 J D
♦1st & ref 4Hs C-.May 1 2037 J D
♦Conv 4%'8 series A
...1949 MW
14%
IH
.■%*;-
33%
31
♦Gen 5s stpd Fed lnc tax.. 1987 MW
♦1st <& ref g 5i-..---May
32%
32%
32
33%
33%
{♦Secured 6lAa
8%
311
*4i8
-"45
18
*1%
1%
*9%
2
10
13
3%
*9%
9%
52
*99
45
■
32%
1987 MW
......
;' 4%
102
•*115i2 119
y
♦Stpd 4s n p Fed lnc tax.1987 MW
♦Gen 4J£8 stpd Fed lnc tax 1987 MW
stamped......
418
*99
50%
48%
37%
36%
38%
•
1987 MW
4s
231
48%
51%
1987 MW
48 registered
50%
45%
r
IC'hlcago & North Western Ry
♦General g 3 ^s
1987 MW
3 J^s registered
48%
J
J
-
17„
17g
*9%
>
.19
3
'
JChicago Milwaukee & St Paul
♦Gen 4s series A..-May 1 1989 J
♦Gen g 3}^s ser; B.May 1 1989 J
♦Gen 4 Hs series; C_May 1 1989 J
*1%
'
-*18
3i8
52
5212
17„
,178
10%
"
92%
92%
107
108%
.
92%
14
28
108%
107%
107% 109%
99% 101%
92
94%
*16%
*113%
'•
<
♦
*38%
f
*99
»
For footnotes see page 1097«
28%
*32%
*8%
4
f
6%
*6
15%
16
1534
30%
*32%
*878
39
*38%
105
*27g
30%
3
*99
>1*.
-
31
33%
9
39
104
6%
15%
*113%
*
•
278
*3034
For footnotes
278
32%
see
page
-
.!
6%
*6
31%
3078
*32%
33%
*32%
834
9
,
39
*38%
*98
9 •
101
3
•27g
*30% ~32
1096.
38%
*10%
1678
*6
14%
1434
*113%
3034
"
1
l'
17
17
17
v
*15
*113%
9
11%
17
17
-
*6
1
■
14%
*113%
31%
3078
33%
*32%
9
8%
38%
*96% 105
27g
27g
3034 30%
*38
6%
13%
*10%-11%
17
'"806
6
6
200
14%
*113%
14%
1,000
3T%
30%
*7.966
33%
32%
31%
32%
87g
38%
9
9%
900
102%
278
2%
31
Holland Furnace (Del)
Hollander A Sons (A)
Holly Sugar Corp
7% preferred
*38
38%
*98
100
102%
*278
3
30%
3078
Co...10
Hires Co (C E) The
17
14%
*98
31
*13
100
600
10
5
No par
100
Homestake Mining..
12.50
Houdaille-Hershey cl A.Wo par
Class B._;
.;
Household Finance
5% preferred
T,2O5
10
Wo par
Wo par
100
Houston Oil of Texas v t C..251
Howe Sound Co
...-51
12%Mar 11
11% Feb 21
14% Jan 2
13% Jan
13% Jan
17% Feb 28
12% Dec
12% Dec
13% Dec
5% Dec
16% Sept
187g Aug
3034 Jan
9% July
6
6% Feb 16
14% Mar 12
111% Feb 27
28%Mar 7
18% Jan 30
115
3
34
8% Jan 2
38%Mar 11
Dec
1334
Jan
44
Jan 20
36
Dec
64
Jan
105
Jan 26
100
Aug
111
Jan
5
July
6
27
100
Jan
Jan
Feb 14
2% Feb 25
30%Mar 7
Feb 20
38% Feb
Jan 29
10% Jan 29
3% Jan 14
34% Feb 3
9
Feb
1678 Aug
Oct
£107% Apr
30% Dec
115
52%
Jan
Dec
39
Jan
24
7%
2% Dec
26% Apr
37%
Jan
1092
/
v
COMMERCIAL & FINANCIAL CHRONICLE
t
.1
■:iv
Monday, March 16; 1942
•;
•
rr
MEW YORK
„"J
>•■>
LOW AND HIGH SALE PRICES
>
STOCK RECORD
v;=
NEW YORK STOCK RECORD
-
.•
,lf ! f
'0:
for
C
,„•:_
STOCKS
_
BONDS
Range for Previous
.
On Basis of 100-Share Lots
NEW YORK STOCK
■■
Range Since Jan. 1
Year
■
.
$ per share
*^2
T..7 r-
(1941)
■
19%
3%
,.,.19*8
,\3%
•,V>
**2
*%«
111
ni«
•71 er
*2%
»%•
3
19*4
3%
19*4
3%
%l
% '•■
7
16*i
39*2
3U
1884
8*2
*8
39*2
3*s
3*8
13%
*8
,
26%
26%
26%
90
160
156
69
69
<*6*4
7
Jan
2
%
>
8*2
6
157
450
3% Jan
®n Jan
22
*104
-
j
21
Feb
1*4
6
15% May
217g Sept
♦
♦Deposit receipts
♦Cuba RR 1st 5s
3% Feb
2
2
-
2%
5
•
Dec
,'f
*4 Nov
% Jan 20
Jan
-4%
Jan
%
45*2
44%
157
*150
-
*21
22
107
i>7
"7%
';6%
6%
120
;
45%
157
6% preferred series A. ..100
Leased lines 4%.
-*-100
RR Sec ctfs series A...1000
Indian
24*2'
224*2
"'2-666
V.
..No par
.No par
-.100
InKorsoll-Rand.
6% preferred—
.—-
—
10
10*2
10%
,1,700
6
6
1,200
>21%
Jan
Jan
Jan
Jan
155
Mar 11
8
♦Deposit receipts.:
series
.1%
(V
54%
••;
*2*4
2%
>
*1%
54%
*2%
2*4
1%
2*4
2*4
8%
1%
55
8%
1%
55
55
1
**2
8%
"*7%
6%
Jan 2"'
'•
16% Feb
Feb 25
100
Jan
8
157 « Jan 12
'74*2 Feb
Aug
Dec
*
Inc..——1
Insuranshares Ctfs
No par
Interchemical Corp
i
;
Jan
6
„
7
Mar 11
10
5
Jan
9*2 July
29'g July
Dec
50
1,400
2,600
,7*2
118
100
6% preferred
'
Intercont'l Rubber. .'.'.No par
19% Feb 18
I nterlake
Iron.%
_ -
J- - No par
.
600
Int Business Machines. No par
7,100
Internat'l Harvester...No par
Mar 13
106
16% Mar 11
>6%Mar 11
113% Mar 13
Feb
63
111*2
Mar 11
44
-100
4,400
A.25
Marine.No par
] % Jan 2
'8% Mar 12
1,500
Internat Mln &
Chem.-No par
j
1%
54*2
: *2*8
128
43
43
43
*40
43
43>
43
29
29
34
100
*2 *
>
8*2
2%
8%
2
*2
54
56
Preferred
——- -
-
-
-
200
*2
10,000
43%
41
41
29%
*29
30
33
*33
34
*33
*96
99
*96
97%
*96
Internat'l
Int Nickel of Canada.-No par
100
35,000
1,700
"'140
100
Mining Corp.— ..1
Prior preferred.---
•
2%
26%
13%
*40
Int Hydro-Elec Sys class
900
2*4
26%
*53%
33
43%
43%
8*4
1!,%
54
600
1
**2
128
13%
55*2
*1%
43.;.,
43
43
®I6
8%
-.
25%
26*8
*127% 131
*127% 131
:v13*4 13% r13% 13%
56% 56%
56% 56%
55%
*1%
2*4
*1%
2%
2*4
*42% 46
42
43
42%
25%
!
-
*1%
8%
1%
54%
2%
26%
;
Jan
Jan
Dec
13%
Feb
Hudson; 1st & ref 4s..'•-—1943 hfN
Del Power & Light 1st 4^8.. —1971 J
J
1st & ref 4X8-.w
....—1969 J J
f
7*8 Sept
27
Sept
Dec
19"
3
8
107
1st mortgage 4^s..
; *96
2*8
2
2*8 v
•
'
.
> *8*2
*90%
*8%
,
29%
*28*4
,
2*8
8%
93
8%
133
*125
29%
32%
-
100
*96
30
*29%
100
*96
2%
,
2:
*2%'
94
*90*2
8%
29
*8%
*28%
*125-133
29%
34%
*33
2%
8*2
2
*2%
8*2
29%
32%
2%
2*8
2
*
2%
8%
91
8%
*90*2
128
2%
8%
*90%
:
8%
28*4
8*2
27%
128
*2%
*8*8
•
*8*8
*28%
*128
93
8%
29
-.100
Preferred..-.—--
Intenational
Paper Co.*—15
-100
Inter Rys of Cent Am..No par
5% preferred—--——100
5% conv preferred
*37*2
40
300
International Salt——No par
29*2
30
700
International Shoe
& 2
2*8
*2%
8%
*90%
2%
8%
93 -
*8%
*28%
8%
29
99
■
2%
2
"*2% -2*4
""*8%
8*4
*90% 93
8%
8%
.
11% 800
1,000
!
1% Jan. 5
Jan 7
48
:2% Jan
2
25%Mar 11
126% Jan 3
8
Feb
"466
29
200
No par
50
International Silver
7% preferred
-100
Intern'! Telep & Teleg.No par
6
Dec
11%
May
4
7?y718
21
21%
21% 21%
22
22
21% 21%
21% 22
*100% 103
100% 100% *98% 99
*100*2 103
*100*2 103
58*4
59*2
58% 59%
59
60
59*2
59%
59
60
i
57*2 57*2
*123*4 129
129
*124% 129
*124
129
*124
129
*123% 129
*123
22
22*4
21% 21%
21
21%
22%
21%
21% 21%
21% 22*4
60
60
62 *
61%
61*8 *60 '
61%
60'
60
<•*59
58% 59%
72
72
75
73*2
73% *72% 74*2
71
72%
72%
72*2
1,000
.
*7%
7*4
*21*4
22%
*100% 103
,:*7
..
..
0*72%
v
9*
-9%
10
*9%
10
*9%
*9%
10
June
150
170
:
.
i
"•»
gen 5s„ .Aug 1955
♦Assented (subj to plan).
*Ref & lmpt 5s ser B.-Apr. 1978
F
A
F
A
A
O
2% Jan 21
60
Feb 20
v
r
*
3
>•
Mar
Apr
Dec
.
30%
'•
Jan 31
28% Feb
130
•
23
125
'July
Dow Chemical deb
32
39
1*2 Jan
2
2
Jan
2
8
Feb
131
Jan
t§*Dul Sou Shore & Atl g 5s.-1937
Feb
20
Sept
Duquesne Light 1st M 3 34s—-. 1965
51%
Dec
Feb
91
Mar
..No par
1
1
$6 preferred
26
E
Oct
Oct
L 49
;"•V¥
v'.•'■'■
}
8% Jan
2
MarlO
Jan
14
1*4
Dec
5%
Feb
>
9
87
Jan 12
Feb
2
32% Jan
6
132
11034
110
9%
9%
*9%
1
JarvLs (W B) Co
No par
Jewel Tea Co Inc
4M% preferred
-.100
3,200
Johns Manville..
No par
iuoo
Jones & Laughlin
100
Preferred
Steel.No par
5% pref series A
—100
5% pref series B conv..100
Joy Mfg Co
1
5% Jan
21
Mar
8
2
P.
II
*
5s—1995 J
Elgin Jollet&East Ry 3348-1.-1970 M S
EI Paso & S W 1st 5s.-—*-
98
600
700
200
9'z Aug
33% Aug
134% Aug
107%
"4978
Dec
122
Nov
O
A
*118%
tv, 3%
*18*2
I
*8*4
*97*i
\ 7%
99
7%
98
*97*4
7%
*7*4
.,*91
102
*91
102
12
-12
12
12
,
,
2,100
6%
60
Erie Railroad Co—*
•.,
1
V
4
1st cons M 4?^s series A....1957 J
5%
6
6%
6%
98
*97*4
'
102
'7%
*91
102
*7*4"
7%
*91 " 102
11%
12
11%
6
5%
6
5%
7
99
*97*4
12
11%
6
97%
*7%
7%
*7%
*91
97*4
*97*4
*7*4
*91
12
12
5% rJWu
10
99
7%
100
102
12
T,m
6
Furn—10
Kan City P & L pf ser B No par
Kansas City Southern.No par
Ohio Dlv 1st mtge
Jan
6
59
7978 Jan
3
334s—-1971
fV''
'
5
118
Feb
.
10
' Jan 16
6% Mar
•120*4 Mar
2
Class
cl A.l
B—————*-i*-l
32
13
27
*2%
34*2
20
*3*4
22*4
32*2
13%
27%
2%
35
20%
4
22*4
26%
26%
*101% 107
*101% 107
*101*2 107
*101% 106
*101% 107
32%
32%
31%
31% 31%
31%
31
31%
31% 32
13
12%
13
12%
*12% 13% *13
12%
13%
12%
» 27%
*27
27% *27
*27 v 27%
27%
*26% 27% *27
2%
2%
*2 ~
*2
2*4
*2 v
2*8
*2
2%
2%
35*2 *34%
35*2
*34%
34% 34% *34
34%
*34*4
34%
20%
19
20*8
19%
20*8
20%
19%
19%
18%
19
4
4
4
3%
*3*4
*3%
*3%
*3*4
3%
3*4
22
22
22
22 1;
21% 21%
21
21
21% 21%
Kendall Co $5 pt pf
97*4
6
Mar 11
7
Jan
11
Jan
6
3
•2
♦1st & ref Ssseries A.
!
•
——..
27
26%
27
27
•26%
26%
26%
26%
26%
11
Keystone Steel & W Co .No:pea-
12i4 Feb 6
27*2 Jan 24
Kimberly-Clark—-—. .No par
(G R) Co—'
$5 pribr
—
preferred.. '.No
4,400
Kresge (S S) Co— -'-
200
Dec
6%
Jan 27
6
1,400
26%
Kroger
9934
m
65
.
r%
\
"
29
12*4
9
*9*4
*26*2
*12%
*7%
r
17
17*4
L
21
*20*8
02 108*2
'106
3*8
3
1
.*8
.%
1»«
11%
1%
,
11
29
12*4
9
17%
21
109
3
1%
*9
10*4
*8*2
10*4
*8*2
*25%
29*4
12*4
25
25%
25
25
12*4
12%
8%
16%
20*4,
12%
12%
12*4
*7%
9
16%
16%
20*2
*20*8
*7%
109
•*106
16%
20
*106
3
3-
1%
1%
11%
12
11%
109
*7%
16%
*19%
*106
9%
8*2
*8*2
♦23
90
54
54 M
r/v~
» -
12*2
*7%
50
12%
8*2
600
*16
17
"800
21
20
20
600
109
*106
109
16%
10
12%
2%
3
2%
2%
*2%
2%
1,400
1%
r
1*8
1%
1%
1%
2,400
12
12
11%
1%
11%
1,600
6% conv preferred
19%
19%
19%
12%
2,100
Lehman Corp (The)
12%
19%
*12%
18%
*18%'
500
21*4
21%
11%
11%
*19*2
20
19%
20
19%
19%
19%
19%
*12%
13*4
*12*4
13
12%
12%
12*2
*18*4
18%
*18%
18%
18%
12%
18%
18%
18%
21%
21%
21%
21*4
21
21*8
21
4%
4%
21*4
4*4
4*8
4%
4
20%
20*2
*20%
21
20
18%
21%
4*4
20%
57%
*54
56%
55
56
56*4
56
171% 179% *171% 179*2 *170% 179*2 *170% 172
20
*18%
19% *18% 19*8 *18% 19%
169
*20*2
21
59
59
58%
59
♦172% 179*2
19%
*18*2
*20*2
58*2
58*2
4*4
21
*21
4*4
*20*2
58%
57%
59
58
4%
21
58
58*4
*55
56
56
*12%
18%
55%
4%
*18*4
30*2
*29%
30*2
30*2
*30
10
*10 7
29%
29%
30*4
29%
29*2
29*4
*30%
29*4
31
9%
14
14"
30%
10*8
14
14%
14%
14
14
20%
20%
21
20*2
20%
20*2
21*8
20*2
20%
39%
38%
39*4
39*4
3*2
39
39%
38*2
37%
3*4
38%
38%
3*4
38%
39
36%
3i8
40
3*4
39
3*2
*30
A 30
10
10
*9%
x38%
38*2
*3*4
17*4
3*2
30%
10
18*4
18
18*4
18*4
16
16*2
12%
12%
12%
12%
12%
12*2
12%
142% *141% 142% *141% 142% *141% 142%
15*4
15
15
15*2
15
*15%
14%
67%
67%
67*2 67*2
67% 67%
9%
214
36
*2%
16
12%
139
14%
*66*2
14
4*8
*18%
29%
*30
*9%
13%
56%
100
2,000
6,300
300
800
Jan
9
Dec
•
-
Gen Steel Castings 53is w
Apr
{♦Georgia <fc Ala Ry 5s...Oct 1 1945
{{♦Ga Caro & Nor 1st ext 6s... 193*4
121*2
18
* Jan
8*2
J
J
J
Mar
106
J4s———.1956 J D
-1946 M 8
Gotham Hosiery deb 5s w w
Dec
Dec
Grays Point Term 1st gu 5s—1947 J
i *'>>•'
Great Northern 4 34s ser A-.—.1961 J
13%
I
29
Jan
3
2% Feb
5
40%
22% Jan 9
3% Jan 23
Jan 2
27
i
11%
25
5
Feb
'
29% Jan
.
Jan
38
Feb
?
General5348series B.
Dec
26*4 Sept
r
Feb
5% Sept
*
General 434s series D
x22% Mar
28% Aug
21
•
2%
24 "
5
11% Jan
0
!
11
9
Jan
16% Mar
20
108
1
13
•
Feb
28
113
:i-
Jan
Feb 20
9% Jan 19
18% Feb 4
23% Jan 9
.
11
Mar 11
2% Jan
11*2 Feb 17
30*4 Feb 18
\
8*2 Jan
19%Mar 11
4
Jan 16
Jan 26
1% Jan 20
13% Feb 26
21% Jan
9
Jan 20
12*2 Jan
8
18% Mar
20*2 Jan
11
5
20*2 Jan 14
23% Jan 29
Mar 12
Jan 20
12%
5%
Mar 13
33
13
55% Mar 12
Jan
3
73% Jan 12
55% Mar
74% Jan
5
5*4
17*4
-10*8
-
Feb
7 > Jan
214
234
297(
Jan
— —
700
!■
General mtge 4s
52
i.
*1834
30
2034
3034
""l5
9534
9634
116
81
81
—
9634
*»uv
2,100
400
3,100
60
12% Feb
19
Corp——.1
20
Feb 10
No par
37
Jan
Lone Star Cement Corp
No par
Long Bell Lumber A .—No par
25
10
Loose-Wiles Biscuit
Lorillard (P) Co-
2,100
7% preferred...
100
Louisville Gas & El A—No par
800
Louisville & Nashville-—.100
2
35%Mar 13
3
Mar 13
15
Mar 13
42*2
4*4
18%
15*4
12% Mar 12
139
Mar 12
149
Jan 28
Jan 24
Feb
6
Jan 29
Jan 30
18*4 Jan 8
76% Jan 26
14%Mar 13
66
Mar 7
116%
Jan
'
100
94
9734
12
85
89
8634
8534
87
8634
21
84
87)4
93
J<
s
f
.
13
19*2
a.
*20
21
*124%
30*2
30%
30*2
30%
19*2
19%
19%
19%
*11
12
*24*4
24*2
3%
*5%
3%
5%
*11
24*2
3%
*5%
*20
11%
24*2
4
5%
*13*4
15
*13*4
15
*%
1
*%
1
21
■
*124%
*30%
19%
11%
*24
3%
*5%
*13%
*%
*
*20
21
*20
21
*20%
100
22
*124% 130
♦12i
130
*121
130
30*2
30*4
29%
28% 29
29% 29%
19%
19% 218% 19
19%
18% 18%
11*2
11% *11% 11% *11% 11%
11%
24*2
*24
25
24
*24
24
25*8
4*8
4
4
3%
3%
3%
3%
5%
*5%
5%
*5%
5%
*5%
5%
15
15
*13%
*13% 15
*13% 15
1
%
%
%
%
-
-
10
6% preferred--.-
20
Mar
129
Jan
9
Mack Trucks Inc
V 3 par
28% Mar 12
Macy (R H) Co Inc—No par
21% Jan
200
Madison Sq Garden—No par
gl8*2 Mar 12
Il%Mar 6
24
Mar 12
200
6,000
10
1
Magma Copper
Manatl Sugar Co
Mandel
No par
Bros
25
Manhattan Shirt
200
3% Jan 2
5% Feb 10
13% Jan
3
78 Mar 11
Maracalbo Oil Exploration.—1
1
5*2
9*2
1*4
4%
6*4
9%
5%
7
3%
5%
9%
21*2
4*2
27
21
25%
169
3
*5*2
3
3
3
3
3
3
6
6
6
5%
6
5%
9%
21%
*4%
26*2
*19%
*24%
168*2
9%
9%
3%l
5%|
3
3
10,500
5%
6
310
9%I
10
10%
22*2
22% 23%
4%
4%
4%
26*2
26
26% 26%
26
26
26
26%
26*4
21
*19
*19% 21
21
*19
20% *19% 20%
25*4
25%
*24%
24% 24%
23% 23%
24% 24*2
168% *166
168% *165
168*2 *165
168% *165
168%
.
22%
22%
22%
4%
4%
4%
22
4%
22%
4%
9%
22
4%
4% Jan
6%
pr
5
pref—100
Marshall Field & Co ...No par
1,700
Martin-Parry Corp
1
No par
Masonite Corp
No par
Martin (Glenn L) Co—..
200
__
Master Eleo Co
700
Mathleson Alkali Wks .No par
10
i-
1
9%Mar
21
2
9
Feb 18
4*4 Jan 26
37%
39%
25
Jan 21
22
Feb
Apr
Feb
19%
Dec
Feb
Dec
Apr
% Jan
1%
2%
Dec
3%
Dec
Dec
x20% Dec
3% Dec
May
21%
6
24% May
176
Jan 13
171
■p
92 34
68)4
73
51
59
103
103
10934 110
V/f.
>';>
85
84
10234
3834
119
102 54
102 «
38)4
38
119
5
1
3
9
44
4
11934
44)4
~
J
"
•
77
'1234
331
122)4 126
98)4 101
61)4 8534
102)4 10434
3534 3934
119
12034
3634. 45)4
8)4
1334
v;
9934
00%
'
J
O
.
——
3s sterling..—... ..1951 M S
90
9134
8934
*83
-1951 A
9034
90
J
1st gold
99)4 102)4
10034
•
85
85
*82H
70
*30
Collateral trust gold 4s
A
O
"48"
47
Refunding 4s._
MN
4534
%
4334
4834
45)4
J
4134
41%
42
-1953 MN
4534
44%
4534
Purchased lines 3>£s—.. -1952 J
Dec
June
MN
......
Omaha Dlv 1st gold 3s
35% Dec
29% Sept
St Louis Dlv A Term g
147g Aug
July
31
4%
48
42}
48?
259
39)
7
38)
45?
43)
.
„
.
—
1% May
Jan
Jan
177g Sept
32% Sept
12% Jan
5*4
11%
28*2
28
5434
4434
44
45
J
D
*75
J
*53
134
59
3934
4834
162
3834
J
J
J
54)*
4634
8134
59
56
56
53
" "56)1
4334
4434
40
4534
3934
4434
4534
5034
J
A
J
4534
71
80
3s.. -1951 J
43
5134
56
* *62"
J
4534
Springfield Dlv 1st g 334s. ..1951 J J
-1951 F A
Western Lines 1st g 4s
85
*75
62
111 Cent and Chic St L A N OJoint 1st ref Ssseries A—— ..1963 J
-1963 J
1st A ref 43^8 series C
D
4734
4834
357
D
43
4434
240
-1950 J
J
77
77
J
J
23
2434
5
10334
"26
{♦ind A Louisville lstgu4s._ -1956
Ind U nion Ry 3 3{s series B
—
4834
-1986 M s
Inland Steel 1st mtge 3s ser F -1961 A
Inspiration Cons Copper 4s.•_ -1952
Interlake Iron conv deb 4s— -1947
Jan
Sept
31% Sept
176
5334
A
-1951 F
Gold 33$s
!
5334
F
Dec
784 Aug
6
6
9
19
10034
ser A. -1981 J
Jan
16*2 Sept
29% Jan
Mar
38
107
11034
100M
n%
Jan
31%
138
5*8
24*2 Jan
7% preferred,—100 xl6S
1034
9534
87
'••:,»
44
—
.
-1966
40-year 4)is
..1950
Cairo Bridge gold 4s
Litchfield Dlv 1st gold 3s.. -1951
Louisv Dlv A Term g 3 3^8 -1953
12%
19
"33
74% Nov
6*4 Jan 15
28% Jan 30
734
91
10334
•
124 34
1st gold 4s.L————— -1951 J
-1951 J
33^8..
Sept
6
Mar
'"
12
IIHhoIs Central RR—
Oct
Dec
11
11
73
110H
\
Illinois Bell Telep 2
Jan
23% Mar 13
20
103
Jan
Jan
162
17% Dec
Jan
---7 *8?
4434
.
Extended 1st gold 3)is
5
6% Jan
'
71
5634 " 5835
5734
39
13% July
16% Jan 26
1% Jan 31
26%
*71*"
9214
O
334 Dec
19
Sept
19'% Jan
23%
3% Jan
7% Feb
12% Jan
92
A
1
Aug
For footnotes see page
For footnotes see page 1096.
3
Market St Ry
3,900
5,600
900
Feb 19
Marine Midland Corp
9434
12434
-1949 MN
.
Ind 111 A Iowa 1st g 4s
3
65
:• 814
A
Apr
2
13% Jan 22
27% Jan 28
4% Jan 30
63
6934
8
*9214
1957 F
1% Dec
13% Jan
12*2 Dec
142*2 Dec
Dec
1,566
97)4
7934
J
..1962 J D
—
— _
♦Adj income Sfl.wt—Febl957
31% Sept
Dec
1,500
75
;>
..1999 J
.
Hudson A Manbat 1st 5s A
Apr
19
35% Jan
32
,
Jan
16%
xl32
'
78)4
•
Hudson Co Gas 1st g 5s.
1st gold
60
76
»,
Hudson Coal 1st s f 5s ser A
'
-
99)4
9334
Jan
Jan 27
131
J
Jan
45*2 July
15
9534
50
*5734
O
Jan
Dec
Apr
23% Jan 12
7
100
MacAndrews & Forbes
-
J
Jan
M
20
A
'v.-;:'.:
-'V >;>:>
v;
Refunding 5s..
20
Feb
;8
;. c,
June
May
35
;
—1969 MN
.
Collateral trust gold 4s
*124%
7834
98
30
105
&g
96*2
Deo
105)4 108)4
TV
8534
39
-
>15
87
10734
>102
*
..1944 A 0
(R) Co 1st mtge
{{♦Housatonlc Ry cons g 5s_ ..1937 MN
„i95* MN
Houston Oil 4 yK s debs
21
.
4
4^8— -1961
Gulf States Utll 3 Hs ser D
189
So3* §5*
42
_—1952 J
1st A ref Term M 5s stpd
Gulf States Steel
2% July
Dec
2
9434
—2015 J
5*2 Aug
June
28
14
20
9434
♦Gen mtge Inc 5s ser A
Jan
May
V
Gulf A Ship Island RR—
7%
9%
9834
2034
3134
9434
Hoe
x29
95)4
100
Gulf Mobile A Ohio 4s ser
Jan
x20%
Loew's Inc
Oct
1st mtge 5s series C
45%
4
Jan 21
26%
■
Hocking Val 1st cons g 4 3^8.
Feb
10% Jan 13
15% Jan 3
24*2 Jan 6
41% Jan 27
83
107,
Feb
1950 A O
1950 A O
B—.1975 J
J
—
2712 Sept
2
ih
100)4
.
Gulf Mob & Nor 1st 534s B
18% Deo
19*8 Dec
3% Dec
32*8 Nov
174
i
69
10734.
jiiilliH ';>!
64*4 Dec
64*2 Nov
15
so
10034
♦Green Bay A West deb ctfs A
♦Debentures ctfs B
v
14% Nov
3
34
17% Sept
45% July
.14% Sept
13
Aug
27% July
24*4 Sept
20
Lockheed Aircraft
9)4
100
10134
:
9734
series G—19
Feb
Jan
Liquid Carbonic Cor p.-No par
1034
.1952 J
| General 4 34s series E——1977 J
Dec
11%
10
214
234
"§5*34
D
^^.1976 J
Dec
2*8
xl9
Feb
3,600
,8)4
734
9634
1484 8ept
9% Jan
132%
Dec
14% Dec
Apr
107*2 Dec
1% Jan
% Feb
30
169
Feb
Jan
19*4
24
4,500
4,500
14%
66*4
Mar
17%
Lion Oil Refining Co.—No par
54
8
.1973 J
General 5s series C——
23*4
5
10
24
61
105)4 106)4
88)4 05)4
58
6834
/ 5734
6434
1942 J D
.
3% July
40*2 July
1%
6
-No par
117
934
_
.
5s
Dec
,
-
Jan
Belt Co..
1
61
J
14% July
Feb 20
Feb
Link
.".,2
5834
"'.•'■■■
Jan
Gouv & Oswegatchie 1st
175
Lima Locomotive Wks.No par
07
g
Aug
Dec
",19
800
91
.SW
»■
.1949 J D
W..1949 J J
9
Dec
Mar 13
600
106
8634
Gas & El of Berg Co cons g 5s.
Jan
Dec
18*2 Feb 25
---100
200
3
14%
———25
-
Preferred
30
3
66
Series B
Tobacco..25
10634
9134
10534
9134
G1
104*4
9%
Lily Tulip Cup Corp.—No par
15*2
14%
67%
Liggett & Myers
8% Feb 10
25
7
5 ; 20
Libby McNeill <fe Libby
Life Savers Corp
65)4
62
•;■,
7834
39% July
f
1% Jan
33
4
31%
35*2
15
-.50
Llbbey Owens Fcrd Gl.No par
100
19%
12% zl2% 12%
139
141% *130
16
No par
1
Lehn & Fink Prod Corp.--..5
Lerner Stores Corp
No par
2,209
169
13%
21%
39*8
35%
20%
38%
—5U
4 Lehigh Valley RR
Lehigh Valley Coal
104
87
97
.
♦234
*10034
Feb
26% Feb 13
No par
Lane Bryant—........No par
Lee Rubber & Tire
—£
Lehigh Portland Cement-—25
4% conv preferred.
100
349
.....
,
MN
Dec
!
..100
6% preferred
Lambert Co (The)
301
55%
*105%
»?
18
105
91
89H
•
10434
,
5834
56J4
;
104M
104 3-i
"
Yd
98*2
'
Laclede Gas Lt Co St Louis 100
9%
27*2
103
10434
6534
*734
H-—--.-1946 J
Gen mtge 3 3is series I
.-1967 J
i%
>*4
—
■;
Gen mtge 4sseries
7
"9934 ioo "
9934
*104
D
30%
3% Jan 19
21
Mar 13
No par
Grocery & Bak
103
160
'■
J
3
37% Jan
•
18% Mar 13
No par
Co
Kress (S H) &
Mar
10
.—
109
100
10034
J
■v.-
Aug
4*8
Feb 26
6% Mar 5
—1
Kresge Dept Stores—
1,500
1
par
108
160"
W'v-f.
V
8
J
105*4 Jan 20
101%Mar
800
Kinney
-ficv'ctf
y-.
M
*•,'>
i
■
1974 M S
debs.1956
63—1956
Francisco Sugar coll trust
22% Aug
14% Aug
Mar
100
"l2%
9
31
20
17)4
:>v';
4 ♦Certificates of deposit...
•
.
,11% Feb 5
100% Jan 13
8
Jan
121*2 Mar
12%
Dec
-95
4% Jan
Kennecott Copper—.. No par
""166
40
.,.17)4
9334 9534
102 34 10334
27
10234
10334
T06)4 10734
*10734'--25 .<
1534 27 H
2634 "ie
10834 10934
;; 39
10834 109
—
5s——1943
{Florida East Coast 1st 4348—1959
Aug
Sept
14
Dec
.
13%
9%
Jan 27
;
par
38
■
■■!
J ♦Florida Cent & Pennin
86% July
4% Dec
xll6%June
4% Jan 27
22
7
12,900
.
'
A.. .No
.
-1. ;•
...1956 J D
3s deb—1961 MN
Firestone Tire & Rub
Goodrich (B F) lst4
01% 107
83
,11134
{Fonda Johns & Glover RR—
2
Kelsey Hayes Wh'l conv
7834
no
109)4 11034
10234 106 34
>'
'''■;•>
Fairbanks Morse deb 4s
Feb
67
64*2 Dec
8*4 Dec
Jan 20
!'
27*2 July
Oct
64
2% Jaq
5% conv preferred..
100
Kayser (J) & Co..
—5
Keith-Albee-Orpheum pf._ 100
235
■
§♦ 2-4s (Proof of claim).—-1982 MN
♦Certificates of deposit—
Kalamazoo Stove &
2,400
*10234
J
1st cons M 4s series B..
1995 J J
J
Gen mtge inc 4 34s series A. .2015 J
♦N Y & Erie RR ext 1st 4s
1947 MN
i
7178 Sept
128
Dec
13,
4% preferred.*,———100 -16% Jan
Kaufmann Dept Stores.—-.1
9*4 Mar-
700
<
'
.
6%
134,.
lh
2
1134 ,1634
434,- 534
9534
O
stamped.------.-——-.1966
•>
Dec
16%
13!
13
11
1634
16
111% Dec
71
Mar
47
107
> Vi
58% Mar
9% Mar
20
2834
*93 34
Sept
Feb
Mar
1965 A
5s
Sept
14 ; Jan
44
Jan
"
9%
♦
D
3% Sept
14
*■
,24
10234
', 38
38 -
r
J
3% Sept
*.
"74
10534
f
1034
1034
•
Elec Auto-Lite 2 M s debs——.1950 J
Oct
5*4 Dec
31% Dec
33*2 Jan
100%Marl2! 107% Jan
54% Feb 10, 1 6212 Mar
122
Jan 9j 125% Mar
21
Mar 11;
24% Jan
38
3 3
Minn Nor Dlv 1st 4S..1948 A O
5s.1956 MN
Ed El 111 (N Y) 1st cons g
Dec
.
26*2
124
'a'
Mar
'
10234
D
East Tenn Va & Ga Dlv 1st
104 > Oct
Feb
7
■r
Jan 20
••:•'>?'*';>■•.
49
Dec
1%
'■
31% Jan
Feb
95
27% Feb 16
128
25*4
61
188
271
">
2% Sept
48*2
May
2% Jan 30
9% Jan 2
*
8
83
11034
11034
7378 June
38*4
5
Jan26
"2%" Jan
18,
6!
Intertype Corp
Island Creek Coal
Feb
534
8234
110
23^8—-*v.'. 1950 M S
3 348—1962 A O
May
1*8 Apr
32*2 May
40
1634
•.♦434 X
Dul Miss & Ir Range Ry
10%
r
1434
110
J D
^Detroit & Mao 1st lien g 4s—1
J D
,
♦Second gold 4s
———.1
Detroit Term & Tunnel 4 34s—1961 M N
31% Sept
Dec.
4
Deo
4
*
1% Dec
4
Jan
2%
51
Apr
>
O
—1970 J
650
1634
16
Jan
13% Nov
,
104
10534
2-34
134 :>"'2v
*
1534
Val 1st gu 43^s.—1947 M S
Gen & ref mtge 3 3^8 ser Gv—1966 M
••.;• Jan
2*8
Dec
6*8
.
%
1
% Jan 19
12*2 Jan 9
104
1434
1965 A
106)4 107 34
106J4
"
'1534
Detroit Edison 4s ser F—
ft*
*105
J*Des M <fc,Ft Dodge 4sctts.—1935
July
.
*10634
J
Food Machinery Corp 3s
6*2
6*2
10134 10134.
51)4 6134
J
i*DeaPla!ns
Jan
Jan
57
K
6*2
6*2
10334 10634
191
...1936
J
167*2
95 ;
Stores.No par
100
6*2
6*2
6*2
6*2
xl 18*2 118% *116%'
120
*118% 120
*118% 120
*118% 120
'•3%
3%
3%
3%
3%
3%
3%
3%
3%
*3%
4
19%
*18*2
19% *18% 19% *18% 19% *18*2 19% *18% 19%
*8
9%
9%
*81
9"
*8
' 9
*8
9
*8
9
6*2
6*2
16
*105^ ^
"15 34
g4s—-.1936
t*Denv & R G W
>
"llK
J
r
Dec
42%
160% Feb 18
27*2 Jan 2
32% Mar 9
Foreign share ctfs...No par
Interstate Dept
2Q
600
7*2
*7*4
10334
J
cons
§*Consol gold 4*^8..
5
>
7*4
7*4
10334
2734
9334
j!''
10334
10534
•'
1434
Jan
<
140
Jan 14
15% Jan 5
13% Mar 13
54% Mar 6 s 60% Jan 5
2% Jan 26
178Mar 4 1
46% Jan3C
41% Feb 16
41 > Mar 12 ' 48% Feb 13
Preferred....----—----100
400
128
*28%
128
129
300
34*2
7%
7*4
*7
8634
J
-.
fie;
90)4
.
'31
—1969 J
Dec
113%
July
3*8
5
•'•''
n
Del &
East Ry
*,!
2634
*28
.
"■■■
Dayton Union Ry 3lesser B... 1965 J
Jan
90%
6
9
151% Jan
i 52
Feb
154% Mar 12
Int Mercantlle
100
Feb
10% Jan
■
J
Jan
161
Dec
8*8
23% Jan 27
111%
f
3035
32
2734
31
8934
31
26
,
2534;
"8934
•
Dayton P & L 1st mtge 3s—.1970 ./
21%
.20% May
v; 85%
Dec
i5f; Sept
12% Jan 14
6% Feb 5
3434
•
28
28 34
,
4% Aug
*13%
4
2734
30
2534
2334
3034
>
2334
*28
D
,
D
45% May
Dec
9% Feb -7
*27
2334
"
I>ec > 24
2
4
49
31
31
*2534
1946 J
to
2634
28."
—
extended
261
10% Aug
31 i
3% Jan 28
«
Dec
4%
11*4
"
\
44*4
%
*%
8%
-
26%
25%
26 26*4
26*2
26
*128- 129
*128
130
♦127% 131
15
14*2
14*2
14*8
13% "14%
56% i 56
56%
56
54*2 55*2
2*4
*1%
*1% ,V 2*4
/ 2%
34
B
High
18
2534
J
Curtis Publishing Co 3s deb-—1955 AO
18% Jan 27
39% Feb 5
f
Feb 18
68
Copper—20
Inspiration Cons
too
22
106
106
6%
." 6%
113% 115
44%
44*2 45
*150
156
154% 154%
118
-1952 J
K
Low
No
29
30J4
"2634
——
♦7Ms series A extended to 1946 Y'£>
:,V :
♦Depisit receipts
...I.*..
rri?'
-
'
No par
Inland Steel Co
1,500
68*2
Refining.———---10
Industrial Rayon
800
79
78%
*67%
107
44
*152
2
2
2
2
13%Mar-ll
6%-Jan 6
z24%Mar 13
78%Mar 13
5%
14%
32%
2%
Indianapolis P & L Co. No par
2,000
*8
-
6%
*6
7
6%
120
;
.
200
13% >13%
10%
10%
21%
—
g—
High
29
♦Cuba Nor Ry 1st 5}*S- —1942 J D
Gen & ref 3sserH-—
8%
54%
,
share $ per qhare
Dec
% Jan
3% Jan
Dec
per.
i'r %«
1
t§*Den & RG 1st
109
;•' 6%
122
121
"•
68
6*4
21
•t
6%
6%
600
420
*156; •;
10*2
6
16
39*2
3%
*3
it
80
2--,
69*2
10%
109
Illinois Central RR Co...-100
2,400
'6'
6%
16.
39%
16%
39% 39%
'"*37,
3U
13% 13%
*7%
8*4
24% 25*4
79
81
"il
68
10%
6*4
6%.
6%,
1
%
8%
,
69%
6*4
45*2
26%
25*2
81
22
6% ; e%
123%
44%
8%
*155:
*104
*121
%
*1%
43
$
2
Jan-
Asked
&
Low
♦Deposit receipts.--.......
16%
13%
13%
'*8
8%
*8
10%
7
158
13%
69
22
.:
.-•!«
■"
10%
108
45*2
3
83
*6*4
,
3
3*4
83
7
6%
*152
Feb
Jan 12
4
•
"
16*4
39%
26%
108
44%
v,
18
tHupp Motor Car Corp—..1
5,600
6%
6%
6%
16
*39%
13%
70%
10*2
-
c'.
2
*6s
16%
*3
*155
.
*21
124
*120
•
2
Jan
Bid
Price
; Highest
'i ■:'
39*2
39*4
85
,
22V
.
6%
a
14
8*2
26*2
10912
7
22
-
6%
*16
26%
69*2
10%
6%
*104
jv
% Jan
2
Kfi
sasj's
Railroad & Indus. Cos. (Con.)
$ per share
$ per share
100
Manhattan
r
7
,156
85
;*155
'j,;*10%
7
17
6%
*16*8
39*2
>•' *85
jUi
2,700
%
%
PdT
5% preferred
...— 100
Hud Bay Min A Sra LtdNo ;
Hudson Motor Car....No
2,300
19%
3*2
3%
.
Hudson A
200
♦
Lowest.
„
>">'.
13%
<
3*2
**i«
;.J
>.
*3
■7l
3*2
3%
19
19%
3%
;
■
200
-
•••;■
38*2
V!
3*4
Highest
;
\,r*6%
yr;16%
,<
%
*2*2
>
•4-
v
%
2*2
19%
19
•J*V»
r.'V
-
%
2%
18%
2%
2%
Lowest,
Shares
I per share
3 per share
share
*2
*2
3
19*4
3*2
%
Mar. 13
Mar, 12
Mar. 11
$ per share
5I
■
*2%
19*4,
3*2
3
the
Week
K
'
Week Ended March 13
EXCHANGE
Friday
Thursday
Wednesday
Mar.. 10,
$ per share
'
■
*2%
,'f
Tuesday
V
,
Y.. STOCK EXCHANGE
N.
'
Monday
Mar* 9a.,
Saturday
Week's
Friday
Sales
?.
1097.
O
*10834
103
103
A
O
102
101
A
O
10034
100
g
102
10034
40)4
34
12
6
48)4
4434
77
11
20)4 2634
10834 10834
103
10534
99)4 102
9934 101
'Volume 155
Number 4055
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
RECORD
Friday
BONDS
j
N. Y.
:VVV.
f
.
t
iMHt
Range or
Friday's
■
.
EXCHANGE. !
STOCK
Week Ended March 13
"
Week's
Sale
K fe
Na,
>
Bid.
Price
NEW YORK STOCK
■■■■■
a
Railroad & Indus. Cos. (Con.)
{♦inter-Great
Low
Nor 1st 6s ser A_1952
i.., >AdJ ustment 6s
ser
A.
-
17
July 1952
.
Saturday
Mar.
'1st5s series Bi..1956
*.
•
15H
24
24
J
104H
104
8
105
105
-•--
1st lien &ref 6 ^4s^
v.
Int Tclep A Teleg deb
g
Debentures 5s
{♦lowa
F
j..v-1947
4%s.:1952
!
J
116
11%
73
104%
90
91
97 M
45
97 H
48
49
46 H
49^
4
»
J
A
13
At
the
Mar. 12
Mar. 13
m
Cent Ry 1st & ref 4s...1951 M S
*1
,.4
*114'-
$ per share
$ per share
3 ver share
3938
♦114
1»2
2L
*9
39%
*1%
1%
*18
95
.
393«
21
.*89.
,
J
;:
90%
229
35%
227
38%
•••%
.
97%'
48%)
50%
-1%!
IK
V-
91?
-
kll'8
3K8..-.-1961 J
K
■
51
51H
43:
94H
•
53%;
11%.
.
96%.
*60
63g
*74 >
93
;-51H
93
J
11'4
'
79
.
24
O
deposit.-..'..'ij.:
•Kansas City Sou 1st gold 3s..4950 AO
'-im
Ref & inapt
Ss...:.i..,.Apr 1950 J : J
Kansas City Terra 1st 4ft.:.. ..I960 J J
83
88
345
40
.47H
62 H
49H
111
.37%
50%
49%
62 %
30
*86
«
50
49 H
t
.1,88:
46H--50H
It J'* i'
.
O
of
v,
109^
109
.
1278
.
*19 <
108%:; 109%i
"
38%
1%
17
17
>89
95
*89 "
95
.
J
Plain...
1961 J
KingsCouuty El LAP 6s..v'..1997
*84 H 7 86
*90
v
95
J
4148 unguaranteed.......—4961 J
<■
*43
J
...
J
A
50-
.
85
80
•
J
-
"
i06H
106
104 k
Koppera Co 1st mtge 314s.... 1961 At S
Kresge Foundation 3% notes.. 1950 M 8
4>Kreuger A Toll 5s ctfs..—^_1959 At 8
105% 106%
106H
'103
J
12*8
20
*19'
•
20
:
99
*98
.
20
2634
*534
2234
28*4
-
101
101 %
'
1X-
■
IK
&
-
101.4
;;i
%
2%
*12% .1212
5
772*8
*144
IK*
10 •
»»8
■■
*19'
20
*
V 98%.
10
*114
:.
i
9%
123s
70%
V
>.i*%
34
2%
,
-34
.2%
2%
.
68%
v
115
114
6834
•
114
'
{♦Laclede Gas Lt
ref A ext 5s. 1939 A
Ref A ext mtge 5s
O
;• 99
....1942 A
O
Coll A ref 5148 series C:
1953 F
Coll A ref 514s series D—.—I960 F
A
74
A
74 H
Coll tr 6s series Ai.i...v— .1942 F A
Coll tr 6s series B—....1942 F A
Lake Erie A Western RR—
90 K
.
95
99-
95
98
776
73
98.
99
100
93,
98
72%
81%:
.
^
96
31
,
5s extended at
74
72%
93 V\
8i
70
-
94H
20
83!-
91%
.76
/
J
95 H
95 H
96
95
I)
85 ,i
85
85 H
83%
3>4s registered............ 1997
> V> i >
D
"
;■*
.
5sstamped..-..
35 H
>
V;
1st A ref
76
76
67
•96 H
78K
79 K
95
.it.
..
9
A
100., 100
*69 K
A
77.K
*60
4964
*2%'
j
16%
f
*3%
*5*4
F
58—.1954
V •£■'657:: i
,58
57
A
..-j
H
48
r-
...
J
si
'
"65"
10
58-
-48-H
22
V.42%
>48%
40
53
•;,,
4148 registered-.2003
5s stamped modified
*31 HI
>
Yin
...2CKK1
0
40 H
58
.Llbby McNeil A Libby 4s
1955 J- J
Liggett A Myers Tobacco 7s—. 1944 AO
39
v
58 H
♦114K
114
al 13
A
'
104 H
K
—
.
62%
66%:
50 / i
53
*534
150
:i—..
..
O
A
.♦Long Ilock Co 35*8 CXt to..^.1950
Long Island unified 4s.:......1949 At 8
v! Guar ref gold 4s.1949 At 8
*103
4sstamj)ed
;—.—-—1949 M 8
Lorlllard (P) Co deb 7s
1944 A 0
5s debenture..:...1951 F A
ser A..
1969 J
J
Louisville Gas A Elec 3 Ha——1966 M
122 H
10
I
32
,/
k
'
92
97
96
1'13'K
114
.
121
82 H
82 H
S
*108 H
-
20%
71
>15%
4%
*69%
105H
-7%
13!
:12V
17%;
*32%
2
-
'47*4
*5%
*13*8
*57-
1
*65
O
1st A ref 4,Hs series C— -.2003 A
O
96%
96%
1st A ref 4s series D_
O
90
89
84%
84
.
.—2003 A
—2003 A O
Uuif nitgc3Hsser A ext.—.1950 J
J
1st A ref 3,'is series E
Unlf mtge 4s ser B ext
►
..I960 J
A
103
J
Paducah A Mem DIv 4s....19.46 F
*106
3
8%
4%
.1952 J
Joint monon 4s.
Atl Knox A Cine Dlv 4s.
103
80
101
108
104
V
104%
106%
105/ 106%
105%
yV- 80 V
*.--
J
-
8%
2%
8%
13"
.
-
x 9%
13%
1334
♦434 ' 5
'*9
*
-
'20%
*108%
"
80
83
534
.*534
*13
13
86
88%
108% 111%
88%
8%
*4%
*12%
D
4Hs series A...— 1960 3D
Sugar 4s s f——Feb 1 1957 MN
Gen mtge
Marrati
Manila Elec RR A Lt s f 5s.— 1953 M
*85
79
85
53
52
54
47
54
51
49
51%
43%
*104%
*107t2
53%
H
*53%
88
(South Lines) 4s_— 1959 At N
(17
tS*Man G B A N W 1st 3Hs..
1941 J
J
42
30%
98
98
98
Marion Steam Shovel s f 6s.— 1947 A
O
a
A
O
|4Market St Ry 7s
ser A..Apr 1940 Q
A
*72
1945 Q A
*74
Htamjied-.
(Stamped mod) ext 5s.
*
*32
*97%
v
97,
98%
*98%
77 76
"68% "78%
14
r';
'
Mead Corp 1st mtge 4H»
At
.1955
8
104%
105%
Metrop Ed.1st 4 Hs series D.—1968 At 8
Mctrop Wat Sew A D 5H8
1950 A O
ti*Met W Side El (Chic) 4s—. 1938 F A
105%
104%
105%
110%
44
105
104
105%
105
106%
44%
76%
1st gold
*65 "'"75
69
*95% V 97
93%,. 96
Ref A
,63% '
534
lmpt4Hs aeries C..:-1979
M
J
-
J
Michigan Consol Gas 4s..—.1963 M 5
J5*Mld of N J 1st ext 5s
—1940
:§*Mil A No 1st ext 4HS —.—1939
•§Con ext 4H8.—.1939
{♦Mil Spar A N W 1st gu 4s..1947
J5*Milw A State Line 1st 3Hs:1941
{♦Minn &. St Louis 5s ctfs.
1934
■
A
J
D
J
105%
O
105%40%
64
45
30
28%
9
28
26%
107
38
65
45%
32
18
45%
28%
J
.....
M N
'?"7%
♦1st A ref gold 48^.—1949 ■At- 8
♦Ref A ext 50-yr 5s ser A—1962 Q
•
F
6%
1%
1%
1%
1%
1%
12
1%
11 %
;
12%
224
9%
12 K
31
12%
59
9%
9%
3%
7
3%
1
4
12
—
«*lst
cons
5s gu as to int.:..-1938
.1946 J
•1st A ref tts series A
♦25-year 5 Hs.
;—
♦1st A ref 5Hs series B
1949 At
1978 J
12
3%'
1
ll%7
•
3%
1
*63%
7% Feb
4
Feb 19
32
Jan
5
Feb * 3
Mar 12
24% Mar 13
4% Jan
23
2
-
,
-
15% Sept :
110
Dec
54
2
Dec
.
5
3%
21^4
Feb
14
30-3i
-Feb
24
Dee
98
Minn Moline Power
Impl...l
Mission Corp..10
Mo-Kan-Texas RR:...Nd par
$6.50preferred
Jan 24
35% Jan 2
103% Jan 19
par
2
Jan
Jan
-
9%
Dee
Feb.5
86
41% Feb 16
106% Feb If
34
105%
1%
Dec
125
Jan
2
♦
8
67
97gMarll
12
4
Mar
Dec
.
Jan
1778 July
38% Jan
r
Dec
3% Jan 13
101
6078 Jan
*..No par
Apr
-37
'"
4%
7% Jan 14
*
conv prefscries B...100
1,100
29% Jan 15
30% Jan 16
Oct
6% Deo
29% Sept
Feb
5
8%
1,000
1,200
4,300
2,400
30
»
50
;
90
12,600
300
900
2,309
70
Nov
-
Jan
Dec
7978 July
Feb
52
*53
55%
*13
7i« Jan
Mohawk Carpet Mills..;.-.20
2
15%
117% Jan 17
106% Mar 13
r2 3 34 Mar 13
par
37
par
Morris A Essex....
..50
Motor Products
Corp..No par
22% Jan
Motor Wheel Corp.....;
5
Mueller Brass Co:
;__.l
Midline Mfg Co class B...-..1
10
1087g June
24% Dec
35»2 Dec
6
287a Jan 27
42 % Mar 12
29
25% Jan 20
11% Jan
7-
par
,58
MarlO
108
Jan 26
Murray Corp of America.. 10
Myers (F E) A Bro
-..No par
2
6
71
5% Jan 20
39 % I*'eb
7
484 Jan
2
Mar 11
35
Jan
Jan
4332
Jan
30% Aug
12
■
134
13% Mar
6934 Jan
110 *
Aug1
Oct
39%
Dec
F
74% Sept)
112
Nov
Dec
34
Deo;
4% July
July
1534 Nov
74
9% May
617g Apr
4
Jam!
24i2
b
109
Dec
Feb;
8%
51'2
Jan '
Jan
100
4%
6,700
250
890
Liquidating Co. No par
Nash-Kilvlnator Corp......5
Nashv Chatt A St Louis—.100
National Acme Co:..>.:._>1
334
909
Nat Automotive Fibres Inc.:.
6 / ; 6
*7%
15%
14%
14
4%
300
15
9,200
165»2
100
::
1,200
11,000
Nat Dairy Products..'.No par
834
13%
8:
14
47g
*434
5
*9
>
300
200
9%
'
20%
'*14% •;* 16
-14%
4%
4%
4%
3', 100
14%
300
4%
62
1,300
>
62
*578
*13%
74
72%
32
107
834
■21%
27%
5
f
27%
834
22"
2184
1,100
300
5,800
2,609
9,000
kf *h
1"%
55%
*8
1%
14%
conv
Jan
134Mar 11
%
*%2
*'l6
68
Feb
75% Sept
234 Jan 14
*8% Mar 11
3% Jan
5
2
Dec
5
Feb
Dec
Dec
11%
Oct
534 Mar
*25
25%
*20% 29%
*165% 168
25%
♦20%
165
110:
25%
*109
108-' 109
25%
165
*.103
2')S4
r
165
35
Jan 14
Jan 30
Newmont Mining Corp
Newport Industries
71
1
21
27% Mar
778 Jan
14% Jan
NYC Omnibus Corp..No par
No par
7
no
2,230
%
%
257g
%
%
700
{N Y Ontario A Western.. 100
2534
25% 26%
20 34
*195s
163% 163% *161
163%
2,403
N Y ShlpbldgCorp partstk.-l
Noblitt-Sparks Indus Inc....5
N Y Lack & West Ry Co.. 100
45
112
®
1,8)0
*20%- 20%
*108
V. 7%
112
j
77g
7%
46%
46%
*44
47%
*40
12
•
'12%
*94
100;
5%-! 6%
9%
*38%
1%"
*21%
♦8%
9%
*96
8 3g
,
'
8%
"734
51
.
V
1238
*96
-
*40
12
•
6
12
"
:...
'
6%
*104%.104%
10%
*97g
♦38%
*1%-
IJ4
27:
*22»4
9
*
27
8%
8%
,
45
'
.
73.1
43*2 43%
>40/' 45%"
12'
6
5%
7*8
7*4
43
*96%
5%' ■6
*104% 106
-
•
104*2 104*2 *104% 106
1010
10%
*97g
*
40
CO T40
*37%
1%
*>t*4*
"1%
1%
27
*22%
*22% 2587S ;. *8% V 834
:*8%
112
15,500
43
*41
12%
233
1,030
,V -130
'
;■ 7%
■I
12%
v
"
2
Dec
July
Dec
31%
105
Nov
Apr
5%
Apr
25i2 Jan
2
109% Jan t9
32% Feb 5
10
Jan 27
17%
51
eb
Feb
6
Jan
31% Jan
117g Aug
2734
Jan
f
July
Jan
15% Jan
1834 Aug
47% Aug
24% Jan
7
Dec
10%
Dec
Feb
Jan 12
8%
4% May
Jan 26
79% Deci
45% Jan?
110
45
25
6
97* Apr
17
July 1
116
6j
5
Sept
Dec
26
Jan 231
157S
15% Feb
3
19% Dec
106% Mar
6
54
2
8%
6%
10%
69%
22%
Feb 18
Jan
8%
30% Feb 16
109
Jan
Dec
11% Jau 12
Feb 18
JN Y N H A Hartford
Conv preferred..L.
100
100
V
% Jan 2
'« Jan 14
500
45%
Adjust 4% preferred
North American Co.
100
100
Dec
8
Sept
Apr
18
196% Dec
112
Jan
110
June
115
Feb
Dec
60
Aug
8
42%
Oct
..10
6% preferred series
50
5K preferredsericd....'..50
25
978
9%
*38
*1*2
*23
*1%
*23
25t2
*8*2
878
67>g
-1%
•
200
25*2
-J
9
*8%
200
Norwalk Tire A Rubber No par
Preferred.
.50
Norwich Pharmacal Co--2.50
Sept
Jan i
115
Jan 16
109
Feb
119%
1738
Oct
7% Mar 12
43
Marl3
49
Mar
10% Jan
5
52% Jan 26
5
53
Jau 27
11% Feb 11
14
Jan
Jan 31
96
Jan 31
2
7
Jau 27
Northwest Air Lines...No par
'
35
Jau
MarlO
108
700
.
23% Dec
Oct
Feb)
215
230
Telegraph...50
Oct.
Dec
96
Northwestern
%•
Dec
104
40
Mar 11
Jan 2
Jan 7
1%
%
19
Northern Pacific Ry._.._.100
Nor States Pow $5 pref.No par
934
934
*38
40
; *1%
Jan
179%
"9,600
6
%#
Jan 14
North American Aviation.:.!
104
Jan
Jan 27
192
3,300
12%
Feb 10
34 Jan 27
2%
%
3034
23%
20% Feb 19
163% Mar 12
Northern Central Ry Co.:.50
"12%
*96t2
5*4
104
Norfolk A Western Ry
4% Jan
Mar 13
•
40
1%
44
v
*96%'
*
6
6%
7%
44-
46
'
12.
12%
Uv!-
V: '7%
45
45
48r: ,>38
'
■*v
40-
*108
"
*44%
Mar
5
109
%
1%
75
Feb
50
57%
2
6
14% Feb 27
110
107% Feb
*2
-
Jan
Feb 13
5
13% Mar
50
1%
*108
Jan.
10%
i
par
*52%
7
6
2
2
42
6% preferred series A...100
5% preferred.......No
Mar
2
107% Jan 26
N Y Chic & St Louis C3.—100
New York
Jan 20
8% Jan
N'port News Ship A Dr Dock 1
85 conv preferred
No par
103
•
5
27% Mar 12
10
103
Jan
4
'■
2
109
16
164; 164%
Jan
MarlO
1%
20%
7
*
'
'
26
9% Feb
Mar 10
*52%
>-:*%
165%
7
30
?V 1'2
%
25%
20%
7% Mar
68%
Feb
«u
: %
25%
20*2
k
Feb
104
nou-cum pref
Feb
Dec
Dec
Jan
41
6% Jan 28
16% Feb 25
4i%% conv serial pref.__100
Newberry Co (J J)
No par
5% pref series A...
100
10%
..
2%
»
43
56%
%
42
176
154 ;
Jan24
July
36
-Deo
5
%
57%
26
Dec
6
1%" ; 1%
'
Jan 20
11
N Y A Harlem RR Co
Nov
14%
3% Jan 5
53i2 Feb i 5
1
Dock
138
Jan
19% Septr
Feb
4)3
200
937g
•
Feb
3,500
'
Sept
63
22,600
*14*4
Dec
12% Dec
160% Dec
17% Feb 24
35
8
70
13-34 Mar 12
New York Air Brake...No par
New York Central.:..No par
48
7
Jani
16% Sept;
Dec
57% Mar 12
Nelsner Bros Inc
1,539
7
Mar 11
5
No par
40 0
-
39
MarlO
32
4734 Mar
No par
1,800
v
Jan 29
11
66% Jau20
300
22
168
146
40
NehtCorp
1,800
"
Feb 27
Jam
9»4 -Apr(
-14% July j
77g Dec
12% June
5838
Jam
17'2
•
10% Sept
Feb
17'.' Apr > 25% Sept
11
Dec
207g Sept!
3%. Dec
8% Jan;
3
-16% Jan 12
Jan.
100
Natomas Co.....
2,100
4% Jan
Sept
18%
175%
Dec
334
7%
Jam
11
100
preferred
700
29
16
72 ' Mar
Jan
1578 Feb 10
No par
100
'*
-9
Jan
77g July?
16% Nov
National Tea Co
309
:
Jan 14
14%Mar 13
4% Jan
162% Jan 13
.
110
9% Jan 24
23% Jan 28
Jan
130
;
r
5% Jan 14
12% Mar 10
National Power A Lt..No par
National Steel Corp.:.....25
National Supply (The) Pa..lb
$2
9% Jan 17
1478 Jan
60
f.
7% preferred A
:...100
6% preferred B..'.100
Nat Mall A St'l Cast Co No par
National Oil Products Co
..4
-x
;
878 Jan
10
>53%
%
1%
*1%
National Lead Co
k 127» Dec
>•'
3% Dee
532-Jan 26
•14% Mar- 5
2
Mar 11
<■' 20
preferred.'NO par
1,209
1
8%
14%
47%
*12%
conv
160% May
Feb (6
4% Jan
10
No par
Nat Enam A Stamping.No par
Natio lal Gypsum Co.
;.:1
84.50
Jan 19
2%f Dec
5% Dec
634 Dec
13% Dec
15
Jan- 2
8% Jan
713
>
5
6
166% Jan 14
7
334 Jan
Dec
14% Jan
13% Dec
5
30
16
Mar 11
11"
pat
1,409
103-34
29
6% preferred...
Nat Distillers Prod.
5 %% prior preferred
6% prior preferred
10
>
National Dept Stores-.No par
100
9
*108'
28*h
Register:...No
800
27%
22
109
28
"150
106
27%
ao9
28%
106
8%;* 8%
103 > 109
8%
72%
32
27%
28*2
14
*104
31%
107
'21
6
270
3,200
*234
3
V 8%
8%
534
534
*13%
1334
*72%, 73%
*28% 32
*8% 7 8%
6
Via
Mar
•
8% Jan
;.
14%Mar 13
National Cylinder Gas Co.__l
9
■
7
Jan
37g Feb
6 % Jan
3
5
Mar 11
159
Nat Cash
600
-18
3
5
24% Feb
19% Dec
5% July- •
2312 Sept;
23% Jarri
7% Jam'
zl% Dec
478 Jan 26
2
5% Jan
...100
1,100
834
*62%
7% preferred..
2
3% Jan
lo
4,600
13%
62
National Biscuit Co
2%Mar 13
6
Jan
*16% Feb 10
preferred.......10
National Aviation Corp..,..>5
4%
20 %
134 Jan
338 Jan
17
conv
Nat Bond & Share Corp No par
National Can Corp-.i—.^^li)
14
13%
20%
6%
13%
*1234
*4%
13
360
7%
165% *153
"
Nabco
2%
23%
16%
934 Feb 14
10%' Dec
I73g
Jan
93
98
July
3%
2
Dec
Dec
34
20
Feb 18
25
9
Jan)
26
Jan 20
8% Mar
58%
57%
Mar
1
Feb 26
10% Jan
Jan
Apr
Dec
* Feb
2
>
50%
108% Jan 19
11% Jan 28
38
Jan
9% Dec
Jan
*50%
107
7
35
6
.
32%
7% June
Jan
84
21
Dec
t
Dec
6
7%
Dec
6%
Feb
8%
Jan;
•
Sept
Aug.
113% Nov ;
14
Oct
40% Nov
2% Jan 1
x27% July i
13»4 Feb "
"\.\
8
2
1%
0
63.,
*19%
-
66%
12%
12%
12%
%
3%
1
60%
63%
634
20%
'
4%
*73%
41.,
77
3%
3%
6%
634
193«
*43g
;
1938
19»4
43g
*4t?
*73 *'
78
3
3%
12
12%
*132
142
Oh
'73%
V
3%
1134
*132
6%
6%
19*8
19%
6*2
19*4
4t4 .4%
1934
4% ;
4%
.
19%
"
"•74
3%
;
6*2
73"
'
*2%
12
*1134
i71
>3
•
"71
*2%
♦
142
71
803
4*2
-
1,700
73*2
3%
11*2
1134
5,000
•20
♦3
3%
11%
3%
12
133% 133% *132
142
4*2
Oh
6%
*19%
4%
11%
*132
153
Ohio Oil Co..
Oliver Farm
...No par
Equip
Omnibus Corp (The)
8% preferred A
No par
..6
.'..—100
Jan
2
8% Jan 26
2078 Feb 7
13%
Feb
10
July
233g July
2% Jan
2
6% Jan 12
2
Dec
10
9
54
6% Mar 11
17
59
Jan
2
79
"
Jan
Dec
"
803
2,493
142
80
6
12,500
9
3% Jan 28
2%
Feb
No par
ll%Mar 12
13% Jan 28
934
Dec
100
133% Mar 11
Oppenlieim Collins....No par
Otis Elevator
6% preferred
3
M
ar
142
Jan
2
6% Jan
9
140
June
:
;
Jau
104% Jan
6% Sept;
17'4 Jan
150
Jan
v"
."
•
5%
5%
5%
57%
55
*20
6
57S
6
.
5%
59%
*58
59*2
*56
'58 34
*20
23%
*20
22%
*20
22%
*45%
23%
*45% '59
'5%
5%
59
45%
*43%
53
*115
45%
♦115
*115
-
56
*
18*2
*43%
6
58
21*2
50
57g
57%
*18%
*43%
•
10
$5.50 conv 1st pref. .No-par
Outboard Marine A Mfg._:_5
Outlet Co
...No par
OWens-Illlnols Glass Co. 12.50
1,503
.
"
♦115
*115
No par
2,303
57*4
21%
59
Otis Steel Co
Preferred
...
434 Jan
2
51
Jan
20
J<m 24
2
61
Feb
2234 Feb
3%
40%
6
45% Mar 10
45% Mar 10
44i2 Mar 12-
54
16
Apr
June
45% Dec
120
100
Dec
Mar
1038 Jan
60% Aug
26% Jan56% Oct
120
Mar
'
,
Jam
.17%
Dec
46
Sept"
113%
Dee
Dec
1834 May
4
Feb
-
5%
9%
3% Jan 20
63
2
Feb
21%
7% Jan 2-i
*•:
3
par
100
Mar 11
Jan 14
Munslngwear Inc.....No
"l",890
33
110-3.4 Jan
•
118% Sej)t
123
12% Jan 30
Murphy Co (G C)_____No
94
Mar
Mar
2
Jan
1734 Aug
77
3
2% Jan
Dec
12%
115
2
50
1
July
3% Aug
112
Mar
23
Dec
7
Jan
6% Jan
No par
OJt
»•
1
117% Feb 10
118-34 Mar 4
Jan 15
5% preferred.100
5%
91
Oct
%
26
1
1378 Jan 19
Mar 11
114
Preferred series B...No par
$4 preferred series C.No par
87 preferred....
9%
284 Feb 27
•
I21.1 Feb 27
68% Mar 11
Monsanto Chemical Co..-..10
84,50 preferred.
No par
Montg Ward A Co Inc.No
Morrell (J) A Co
..No
Jan 16
34 Ja
2
-138 Jan
7% preferred series A...100
109
"
'
8%
-
8%
14
*53
55%
*8
1*8
45
1097.
'
Jan
Oct
4%
•».
-
Jan
4512
112
*
600
12%
58
8
8'4
8'%
8'g
15%
14%
14*2
47% 48
47% 48
1312
13% ♦13%
*13
13%
13%
6
! *5%
6%
6%
6%
*4%
*4%
6%
*4%
5%
5%
15
*13
*13
15% *13
14*2
15
14% ' 14%
14% *13i2
*104% 110
*104*2 DO
*104% 110
*104% 110
*10412 110
*107% 117% *107% 117% *107% 117% *107% 117% *107% 117%
13
13
*115
Fcr footnotes see page
;
-Aug
33%
27% May
5% Jan
25% Jan
Mar 11
71
-
Dee
Wm>
Nov
8% Sept
109% Jan
9% July
82
July
70% Mar
17
*3%
,l 3
27*8
9
21% 21% *2l3r :2ih
109i2 109t2 *108
10934
29
23
28%
29
8%
8%
8%
8%
15
14% 14% *14»4
4838
47% 48
47%
%
*23%
.
{J*M 8tP ASS M con g 4s int gu *38 J
{♦1st cons 5s
1938 J
July
3734 Sept?
Apr
23% Jan 14
65
.28%
9%
-j
47%
73
.
72"
43s
7%
4%
»20 •
13
*104
28%
9 ."
.•
*72%
31%
75
30
28
3
13
14
'
69
40%
44
8
105
106
'*66%
D
At
J
J
Jan
Dec
18% Mar 12
800
9
I
20%
4%'
4%
62% 66
a?8%
*5%
'
61.,67
1951
8
'
"
5
3H8- -4-.—-.-—.-1952 ;WN
Jack Laius A Sag 3H8
25«2
534 Dec
10 H2
5
Midland Steel Prod-_.^iVo par
8% 011m 1st pref.'.._.:.lu0
890
834
i
*
-
104 ; 104
9
281,
*104% 106
Michigan Central—
,
Jan
Jan
71
Mlnn-Honeywcll Regu.ATo
.
1097g -Nov
v
9% Dec
103
7% Jan 14
Mar
200
13r8
478
'
>13%
4%
•
9. ,•:"
*14% -16
•
834
*72l4
*27*8
«3.,
*5.11
105
,109% 111%
43% 64%
4% .6%
110%
-;.:
6%
105% 105%
105%
108
6
2234
16%
16%
'
McCrory Stores deb3H
—1955 AO
McKesson A Robbins 3Hs..J. 1956 hh-J
5
.conv 1st pref.:......50
4%
112
2%
2%
4%
22%
13*"
834
'20%
3
*13
1%
40
100%
101
2734
*1434 .15%
'47
47%
?
*12%
Maine Central RR 4s ser A.'... 1945 J
33
103%
21
21%
*109/,; 10984
■
4%
•13%
4%
/
20%
534
*72% 75
*26% 30
104*8 105
*26%
*105
V 2734
': *• 834
-
.
>1234
/
834
9%
»234
*8%
6
14
23%
.....
6
Mar
13
1,900
12%
3
8%
75
110
88%
V/N
.1955
86%
M
Manila RR
34%
718"
13%
4%
13%
4%
13
'.: h78
15ijr 15%
4% ,V:4%
4%
'69% "69%
*72
93%
84
3
Aug
"
Mar
5
\r:. 90
.12% -13
13% •2rl234
13%
13% 13t5
160'
*146
159% *146 - 159% "146 " 159% *146
160
*146
160
135'
133 V133
*132' • 139%
131
132
130 > 130
130
130
17%
1738 ' 17%
17
17%
17%
"'17% 17% •r 17
*17%
18%
32
32
.33%
32% 32%
32
^39% 3314 *31
32
33%
••
2:
2
2
>1% •: 2
> 2
'178
; "1%
f 1%
178
178
48%
"48% 48% !48% 483.,
48
48*
•48% -48%
4778
48%
•;
5
534
5% ,' 5*8
5%
5' A. 5%
5%
5%
5%
5%
14 v
14
14% *13%
14
14
14
*13%
14
1334
14%
61
*56
60
*55/ 60
*55i2 59
57% *55%
57%
59%
68
68
69
*67%
*67% 69
*67% 69
*67% 69
2%
98
89
:.:k4*105%
.1945 M S
South Ry
95
85
'
12%Mar
108% Jan 30
6
400
2%
5
*3% - 334
*6 " - : 6%
7
-
'
104%
97
90%
.
"
103
StLouiS D)V 2d gold 3s.—_.1980f.H- i>
Mob A Mantg 1st g 4Hs.
100
102 7#102
O
13 "
*13% 114%
13
.
3%
-7:
16 '
*13
2003 A
Dec
-
Feb
16
62
♦31
23
6
'
1st A ref. 5s series B
26%
32s4 Jan 19
Jan
16
Dec
12% Mar 12
24
110
5%
*32
3%
70
V 98
122%
84%
108% 110
105
105%
"
"*7""
20%
534
105 H
Apr
-
-14% May
Dec
6
Mld-Contlnent Petroleum.. 10
-7
10%
*1134
*57
"58%l
2% •\*2%
4% ,l
4%
«
22%
16% -16%
♦16%
334
•5%
■4%
20%
<
79
109
13%
Feb 28
8
100
Merch A Min Trans Co .No par
29
*59
112
-
23
16*4
'
5%
9
>146*181
121
83%
6
17% Jan 13
108% Jan
2
107-
Dec
Dee
Jan
6934 Jan 22
Mesta Machine Co
Miami Copper...:
41%
12%
*1134
58%
'110
35
*2%
4%
4%
23%
»3i"»
:i3% 13*8
9%
*834
13*8; 1384
5
*434
9%
J2%
97%
113% IIS-,,
4%
13%
70
91%
'
121
113 H
97
16s4
3%
*9.
104.;
105%;
114 ;< lis
;
121% ,123
'
41.,
23%
16*4
6
7%
,
*15%
16
♦43s ' 4%
34%|
40%;
58% |
'!• *2%
14%
..
116
102% 103%
91%
97
105H
*•97';
Jan
278
Dec
12%
103%
3
6% Jan
8
6
•
.
2134 Mar 6
125% Feb 13
5% Mar 6
,
84
2%
12%
70
*40
62
5
-
35
3712
'
*13%
1334
r*4% V- 5
j
Louisville A Nashville RR—
.
12
112-
5>
;
•
8*4
'20
V:
114
Tl
33%
32%
•
v96k;
1945 At 8
Lou A Jeff Bridge Co gu48
i
3
58
-.
•
5%
90
4,000
9%
29
28%
- 7% r>7
10%
10%
24% *23
3
2%
*59
'
"4%
;
834
13*8
*.
■
96 X,
"% K
4
Louisiana A Ark 1st 6s
'
5634 Sept
.-28
Dec
-..V-S
*110" 114
42%
rlfi% 15%
15
15'.,
15%
15% 15%
*157 1-165% *157 - 165% *157: 165% *153
It
,
•;1334
"
",*7
7%
4%
.
% i
2%
43»
16343%
6
15%
14 *
s
'
••
5%
*35 >
23
-
334
150
90
15 751%
10
114
122
*100
V'
"89
•
117K
104
104H
26,/:
«3i
-40H
■■
<
116
•"36
57
Little Miami gen 4s ser A——.-1962 M N
5s debenture.
1951 F
r
26%
ii
36H
*31"
■
264
32K
36 H <35*4
...i..
Val Term Ry ext 5s. j....4951 A
?33 K
32
33 H
Lex A East 1st 50-yr 5s gir..—1965 AO
V
58
•
*110
69
*23
3%
60"
12.
'
9%
12%
69l2
114
28-%
*6%
10%
24
3
'
•
23
16%
'
15%'
\
.66
58
64
"64
414sstamped modified.....2003 At N
;v
5
37%
*2%.
*V
2%
,
*9
,
58
5%
♦35
;4%' • 43s
22% - 22%
'
75
72 Vr
-
-
64"
4s stamped modified—;
2003 At N
4sregistered:...........2003
:
23
112
10% Jan
T14
66
100
900
19%
%
42
10%
60
12*4
58
Dec
1534
share
per
Dec
1
N
*7
F
Lehigh Valley N X 414s ext.—1950 J
Lehigh Valley RR—- *
i
,*5%
37%
.78% i
75
-
77K
•
5s stamped.. l_—t—U974
Leh Val Harbor Term gu
*12%
40%
Mar
...No par
500
534
12%
2%
68%
'
*110
112
6
29% Mar 12
MengelCo (rhe)...........l
110
117% 120
*117% 120
107% 107% 106% 10614
24
2438
r2334 24
7
*10
'24%
24%
2% V 3
59% 60
Mead Corp
500
>
Mar
101% Mar 12
14% Jan 2
>100
1,200
2334
%
*110
29
7
?
♦58 /; 58%
*110
5%
5%
78%
95%
80%
>.
67%
—1974 FA
f 5s.....
s
70
r*95H
5e stamped ........ —.1954
*5»stani|>ed.....i.i.J—
.V
112
10
28%
6%
'
preferred
conv
40
79%
35
77 %
*98 K
vist'A ref s'f ^^I.Q.^1964
.
35H
76 H
1944
r,
1st A ref sf 5s.c.—1954 F
-
84
,
"eoo
"""100
>
Cons sink fund 414s ser C—1954 J
J
Lehigh A New Eng RR 4s A—1965 A 0
Lehigh ANY 1st gu g 4s
1945 M S
Lehigh Valley Coal Co—
^Vvi
..
*110
*35
♦lBt mtge income reg
1975 Dec
Lehigh Coal A Navs f 414s A.. 1954 J J
S-
13%
*58,.-1 .58%
88
,
Lautaro Nitrate Co Ltd—
2-34
10
,
28'2
'
I' 80
83 H
96%
28%
6%
7%
*934 ,10%
24% 24%
*2%.
2%
*58%- 59%
*12%
1234
59%
*12%
.
.....1947 J
J
24%
234
*58%
7
28
'
*6%
10%
*237«
93%
92-
28
•7
♦10
81%
89
;
92 H
Lake 8b A Mich Sou g 3!4s—-1997 J
3% to
7-
:
"
f
28
.2734
,
9
984 Jan
~
18%
%
.
i. 2
Highest
share i
per
90% Jan 28
Mar
!04% Mar 10
6%
25%
'
2%
2%
12% '12%
i2% i 12%
:
.
;''.;v-VT"y.
18
11% Mar 11
McGraw Elec Co........;.-tl
MoOraw-HUl Pub Co..No par
434
*22
89
,
McCall Corp..*.,
~.rNo par
McCrory Stores Corp.......l
6% conv preferred..100
24%
*25%
5%
12%
*18%
5*4
12%
prer. .-.;.Aro par
5%% preferred........100
McLellan Stores Co...
.'_•". 1
300
24
2134
T
cum
$6 preferred series A.No par
$5.50 pref ser B w vr.No par
Melville Shoe Corp_>.
.1
434
♦23
26%
~
-16 1st
200
6%
24%
4%
-
Mclntyre Porcupine Mines..5
79
V9% v 9%
11834..11834 11834 11884 *117% 120 .< *117% 120 ■
*106% 10834 107% 107%
107% 108% *107% 108%
■;
25 '
25%
2434 25%
24%
25% > 24
2434
44
*42
44 v
,'*42%- 44
*42%
*42% 43*8
0W:
(1941)
"
9%;
-
12%
71%
*114
115
115
10.'
■34 f*%
2%
2%
12%
1
7234
6934
*12%
7234
!
10%
5
46% Jan
1 % Feb i 2
5
Jan 30
McKesson A Robbins Inc..18
v
,
*io::
At
.*2%
1% Jan
16
1,900
69
612
24
21%
12*8
*74%
*65
25
28%
5%
12%
.18%
981,
38%
6
12%
-
99
•
6%
79
66
.
.*21.
5*4
1234
>19
*>.98'
-6%
79
'♦74%
66*8
66
,25
24%
4*8 K Ah
4%
23
24
23%
26%
t.
3784 Mar 12
2,600
-
105% 106 % i
103% 104% i
99% 102
104H ' 104H
800
.
i
"83"" "83%
*83H?:V-"
300
1.300
*90: 100
100
-
100
600
98%
98%
98%' 98%
'
38%
38%
38% 38%
38%
38%
38% 39
39
39%
39%
*103% 104
♦103%- 104- *103% 104 ; *103% 104
*103% 104
"103% 104
;
2% 7 23s
2%
23R
*2%
..23s
> 2%
;2%
2%
2%
*2%
2%
*65 < 673.4
*64
*62%
•*62% 66*4 *62i,i 66
*62% 66
O
Kings Co Lighting 1st 58.—---1954 J
1st A ref 6%8.._:::-_1954 J
•
•
9% ?■: 9%
11*8 *11%
11*8
101% 101% *90 V101
15%
15%
15%
15%
*7
7% V 7%
7%
30
30
2912 30%
*90
.
Kentucky.& Ind Term 4%8.-._1961 J
:, Stamped mJ
1^
1961 J
30
*1112
•
i
100
*9 »'•; 9%
•
101
25
24
*26%
5%
>
98/ .98
;
111% 111%'
40% 42%;
*111H.
$ per share
May Department Btdfds./l. 10
Maytag Co
No par
$3 preferred...;
No par
400
*66
1
Kentucky Central gold 4s1987 J* J
Highest
S per share
.^PQT
,
700
*1%
*74%
434
24 f
.
Year
Lowest
Lowest
Shares
18
>■6% ,6%
68 v
*4%
*23%
<
*92
25%
-
*21%
5«4
1234
12*4
*37
39
1%
Range for Previous
-
On Basis of 100-Share Lots
-
684
79 .
.:
25%
26%
*5*8'
V
'*61
23
267g
t
"
534
share
8.9
,89.;
101
*6%
*74»2
434
24
*21«4
27««
*
•
*95
69
2534
,
ver
10%. U
1034..11% v 11 >: 11%
10% 11
104% 104t2 *103
107
*103-107
*103
107
6 -6 ;
6% >6%
6%'"6% > *6
61,
6»4
79
2334
23
♦21»2
♦26U
74
67%
24
'<;~*5%
1234
64
59
H'7,73 H *'78
1.109 % lit
72
•
v
6%
.*74'..
*60
69
*2534 •: 26
2534
*412.1, 434 y. *4*8
:
Kanawha4 Mich 1st go g 4s.. 1990 A
{tK C Ft 8 A M Ry ref g 4s.. 1936 A
.♦Certificates
4
37%
1%
$
>17
,
11'4
•7 6387
t:.\: * V.tviV..?j'..1
* **'■■■•■ V.'?"•
.95 7
.
;
*10414 10»12 *104% 106%
*6-♦6, 4 6h
6%
.♦92, 101
*95;,' 101'
James FYankl A Clear 1st 4s.. 1959 J D
Jones A Laugblln Steel
Range Since Jan.-1-
STOCK
EXCHANGE
18
'
.
J,
"!?■
18
;
*9
9% > *9, > 9%
*0;j- 9%
*11»4. 12
1134
1134 / 11% * 11*8
*101S4 105
"10184 105 i
10134 101%
*15 71514
15% .15%
15. >15
15/ 1534
7 ;. ".7
::*7,.
7%
,.'.7V
7
*634
7%
31
31'
30 ..30%
30% 30%
-30% 30%
> | i
....
-39% '39% i
♦1%
1*8 i
1%
18
*89
.95
...
:•
-39%
-18
*1134:12'8
j
85-91-
9
YORK
Week
3938
-
*1718
*89."
•
46 H
N
-*39 "
16%:.
28%^
103% 204%'
104% 105%i
>16
;
Friday
S ver share
$ per share
'
21%
105H
•
Thursday
Mar. 11
*10134 106
A
.....1955 F
H
138
16H
25 H
;
STOCKS
NEW
v
Tuesday
Mar. 10
Wednesday
Mar. 9
7;;
High*
11H. 17-Hi
lKr 2
i
11
16%.
16 %
14%
14H '
'
O
I
T
15 %
>lst g 5s series C:wx>..:..:vl956
Intcrnat Hydro El, deb 6s. j_: ... 1944
I nternat Paper 5s ser A & B..1947
>
Ref ft f 68series,Ai^i-;..-...1955 M
":,
-•{'"> i
i • •
Int Rys Cent Amef 1st 5s Bit i.-. 1972 M
-
186
17H
Monday
,*.■■■.".••■
for
-.
1
Jan.
No. Low
High
15H
Ws
-
,
Sales
Since-
i-8
■;<,
low and high sale, prices
Range
,
k
RECORD
•
Asked
&
1093
45
44^8
For footnotes
45"
see
44%
45%
45
'45
41%
45%
45*8
46
page 1096.
*.
m *-»
«. tAt.c
m mwm*. -•
-
Jan
3
38% May
52% Deo
CHRONICLE
THE COMMERCIAL 5: FINANCIAL'
1094
Monday, March .16, 1942
NEW YORK STOCK
NEW YORK STOCK RECORD
Friday
and high sale prices
Mar. 7
Mar. 9
$ per share
Mar.
Mar.
10
$ per share
Mar. 12
Mar. 13
3 per share
$ per share
On Basis of
>
Range for Preolous
:
■
;
BONDS
1
N. Y. STOCK EXCHANGE
Week Ended March 13
'.Year (1941)
! £"§
|
•
Shares
.
100-S hare Lois
EXCHANGE
Week
I
1\
Range Since Jan. I
NEW YORK STOCK
the
Thursday
3 per share
STOCKS
>
i
Friday
Wednesday
Tuesday
$ per share
Sales
for
LOW
Monday
Saturday
Lowest
Highest
5 per share
Lowest
$ per share
1
Highest
Friday's
& Asked
Low
J
J
High
>
*95 M
1990 J D
gold 4s
Mo Kan & Tex 1st
Since
§•3
Jan. 1
Bid
(Con.)
t*Mo-Ill RR 1st 5s series A —1959
share $ per share
% per
Range
Range or
Sale
Price
t
Railroad & Indus. Cos.
Par
Last
'>
I
RECORD
Week's
High
No. Low
96%
98
38M
39
187
35 H
97%
40%
30%
227
39 M
24%
Missouri-Kansas-Texas RR—
J
34 M
34 M
40-year 4s series B
1962 J, J
Prior lien 4 ^s series D >
1978 J J
♦Cum adjust 5s ser A—-Jan 1967 A O
28 M
29 M
28 M
: 29 a
14 M
13 M
A
30M
29 H
M~B
~~3M
Prior lien 5s
7%
>•*
*7%
7h
734
5>®
7h
512
'
51.8
5'«
5%
*10
=20% "20%
10%
10%
10's
*9%
171» 17%
*27i8 27i2
*17
1712
'*85
11
10
11%
*9%
17
10%
10
17%
1718
*26%
28
*2678
17%
17
85%
85%
140
143t2
*140
5
10
11
140
'
8512
778
200
Pacific Amer Fisheries
*5%
57S
460
Pacific Coast Co.----
20%
"120
11%
220
9%
300
17%
3,900
26
17
1,700
'-*18
I
v 17
17
*26
140
10
17
26
1612
89
*34%
140
11%
9%
1678
25%
11
2512
16
,
171.t
85%
*17
20%
l67g
27U
•
17U
85i2
144
*140
*7%
5i«
' 10% 4*10%
10 {
10
10%
17»4
778
51s1
1
10
„
*912
2712
17>8
85l2
■
17
5
18
1
*71®.
7%
*7*8
5%
" •20% '719
11%
88
7%
■
140
*138
17
90
84%
84%
140
*138
5
6
20
25%Mar 12
13% Jan 3
31
"
101
1487g
85
Mar
6% preferred- - - - -!• - -'—.100
140
Jan 15
17%
Jan 17
r
26%
18% Feb 25
Mar
7% Nov;
25% Nov
Apr
Dec
4%
6%
Jan
Jan 19
16"8Mar
12% Sept
•
May
10
:
12" Feb
Jan
100
Teleg
Pacific Telep &
20
.
9
7
-—-No par
Pacific Mills
1%
Feb
13
Apr
Apr
7%
21% Feb
9% Jan
Paeiflc Gas k Electric*—.-25
Pacific Ltg Corp..
No par
600
878 Jan 27
6% Feb
7% Feb 11
478 Jan 2
18
Jan 21
Inc...5
1°
1st preferred
-No par
2d preferred
No par
Pacific Finance Gorp (Gal)-10
15% Nov*
Dec
Dec
11
40
Feb
,
147%
Apr
163
; 1% •;
5%
5%
2%
2 '■
14%
*7%
1%
14'2
14t2
2%
14%
8%
*7%
lto
"*21%
22i2
*H2
*2U2
95
*80
*5
2
:
.
*80
1414
14 >8
110
*105
1%
5%
5'h
2
2'8
.
■:,.
14'®
14i4
1% -ifm
5%
5%
1%
*5<s
2 is
2
*714
8*4
*7%
1%
1'2
*21*8
1'2
23
1*2
*2112
*80
95
*75
100
•
141®
110
109
^
14%
;
6,500
1%
Dec
"'"•'iii''. L
100
a:1378
6% 1st preferred
8% Jan
4% Dec
1% Jan 27
; 10
Aug
100
-1
105
100 i
Jan 27
1
Y> 9% Aug*
99
13% Jan 17
15% Feb
5
10
-
114% Feb
5
95%
-
19% Dec
Jan
10
I7g July
r
Feb
106
Moh'k
Malone 1st gu g 4s... 1991 M S
Monogahela Ry 3)^8 ser B....1966 F A
Dec
115% Dec*
.16%
"'
25
17
17
"
1S12
1%
25%
*15
17%
1%
25
*1%
25%
*1%
*15
%
*%
lS3n
*15
25
24%
24%
*24%
25
25
17
17
*1678
17
1678
*U
17%
17%
17%
17%
1734
51
51
*491®
65%
*178
651®
2%
11®
11®
41%
*38
2'4
*17g
14
*12%
14
*12*8
221®
22%
221®
*1812
41%
201-4
*19
20%
42
42%
42
*1
•
223s
V
20U
1'2
1634
6
6
*46i2
4712
4612
46%
24%
241®
241®
241®
51®
512
*5%
5*8
28i2
28%
*35
68
68
i-
287g
361,i
*34
76
*681
'
•9
8%
*106
57
62
*106
107
*1
24% ,24%
24
24
*22
:
•
5%
23%
38%
*5%
5%
27%
35%
28%
*63
73
67
67
9
XX9
87g -%•: 8%
8%
r
57
55%
f
*104
6%
75
35%
21®
7
'
103
57
53
'
10,060
300
110
330
4,800
Mar
66
Mar
9
1,400
69%
3.40Q
107
-i
8% Mar
Phllco: Cor p.3
55% Mar
Thllip Morris & Co Ltd
10
Preferred 4%% series—-100 1047g Feb
6% Jan
:
712
76*2
35%
*6%
*72>8
34%
78
34*8
*1*4
35
:
2%
*1*4
7%
*6t2
*72*8
6%
*72*8
3ti2
2%
*134
;
*45
49
*45
49
*46
17
17
17
*17
*97^2 118
*9712 113
*34
■".% 5%
*61
66v,
*8U
8%
v
174
*160
378
*312
31
5%
31.
33
33
33-
34
2% .1
49
*46
*81
'
65
17
17
834
32
32
6
■*578
*61.,
1,000
6
65
*61
-
500
378
*3%
65
500
------
1,000
-
*172
*173*4--4*8 - 4*2
4*8
5
*434
512
*172
•
'■U
«.
-
4%
*4%
5
*173
-i
*4%
4*8
:;•' 51®
4%
*48
55
*52
55
*50
54
*52
*25
2734
*25l4
2734
*25%
28
*25%
27.
*64
65
64%
65
65
65
52
52
24%
25*
64 r
*8%
20
25%
65
70
■
9%
*8i2
9%
; *8%
*
*8%
9%
91®
66
*8%
120
/ •
9%
------
.100
Pittsburgh Forglngs Co..—.1
108% Dec
27% Jan
.1%
*16
*li4
13*4
*131®
16%
-414-414
10%
.
7%
7%
8%
28
*4i8
1018
119
*116
414
10%
7%
*712
712
8's
28i2
44*4
*4%
10%
:
7%
:
*26
44*4
44U
*1%
*13i2
*16
10
*712
*26
1%
1334
10%
,
44'2
119
*116
138
13%
17
*16
1%
li
1312 i 131®
1634
17 •
*4%
10%
7%
7%
*17
6 ; Jan 13
6 '■ Jan
10% Ja*
Jiilh
28
*26
44% 4478
119
*116
281®
-
26
26
,
44% .44*8 i 4378
119
27% Oct
4 7% Apr1
77g Jan.
Dec
4% Dec
5%
*
Dec
23%
47% July
Dec
,/• 69
91
8% May
6
72
105
July
12% Jan
897g Sept
Dec
7
Jan
357g
''35% Dec
: Mar
Dec
110%
.!
9
Jan 27
4% May
9
Aug
78 '
Jan 17
May
35% Feb
1% Dec
%3S'g Feb
77
July
41% Jan >2
2% Feb 13
3
56
Feb 13
18% Feb
51 %•
119
fe*I16
44%
119
11%
;
7%
*7%
-
Jan
Mar
"_4% Feb*"6
2
31
7
36% Feb
6
5% Jan
'
Jan
8% Jan
!
8
Chic Ry Co 100
165
Feb
175
Feb
-4% Mar
-
Jan 21
■9%'Jan 14
10
25
7
165
52
Nat Dairy Prod
6%' Jan
'
52
Mar 12
7% pref ckws B.L—.... 100
5% pref class A.t—....100 ;; 24%Mar J2
64
Mar 12
5%% 1st ser conv prpf.100
8
Jan
2
Pittsburgh & West Va_.A100
Pit Youngs Asht Ry 7% pf.100
61
Jan
33% Jan
70
*25%
44%
Jau
•
Plymouth Oil Co—I——-i.-5
13% Mar
13
Pond Creek Pocahontas No par *'16% Feb
JO
Poor & Co class
Pcstal Teleg Inc pref—No par
2,800
200
Pressed Steel Car Co Inc.'.—1
(
5% conv 1st pref
f
5% conv
5
2d pref...—'...50
S 257g Feb
Feb
119
it
9% Jan
7% Jan
75g Feb
Gamble.!—.No par
i 42
5%. pf (ser of Feb 1 *29) .100
115
Procter &
10
Feb
I6
Dec
3%
Dec
6
45%
7
8ia-Jan "-*3
8% Jan 3
2914 Jaa
3
52" Jan
"6
119
Mar
4
65
43%
75%
Oct
Jan
164
*ii May
13% Dec
'-.l6«/JUne
'
3%
-
I>ec
July
1%
.17
21
Jan
Oct
Feb
Dec
13%
13%
June
115
12
1134
*99
1.178
7212
82i2
9914
11%
73%
*68
82%
82%
a82i2
100
9914
115
115
*111
99
'
111®
99
v
11%
70%
70%
83%
70;)4
84%
83%, *g2i.
85%
98
95
*90
11%
11%
*68
70%
*90
83;
6,400
11%
11%
.' 70
70
,
*90 ,'
200
83
600
95
200
300
113
23
83
115
118
23
.
115
*111
12
11%
*68'2
/
110
110% 1121® 108
108' 109
109 .109
*111% 118
*11118 118
*111% 118
*111% 118
23'®
24
23
23%
23% -r. 23% 23%
23%
24%
81,
8% : = 8%
8%
8I4 % 8%
8%
8%
8%
98
92 34
*92% 98
92% *93% 96
*93% 97
=: 87
88
87
8534 86
84-%
84%
*84% 85.
10
10
9%
10
9%L; *9%
9%
*9%
10
2318
81®
8%
*94
*92'®
*38%
90
*10
10
x38
4
8'.
*3%
10
New England Tel ft Tel 5s A—1952 s b
1st gs 4 Ms series B........ 1961 AfN
N J Jiuictlon RIt guar 1st 4s... 1986 F A
N J Pow & Light 1st 4Mb—...I960 A O
New Orleans Great Nor 5a A—1983 J
N O & N E 1st ref & imp 4 Ms A 1952 J
-11% Dec
6% preferred - .
7%
111
8%
123
"
$5 preferred
11% Mar
Pub
'70
Mar
13
,■82% Mar 7
—~ 109
preferred.*.:.—-J-100 ! 99. MarlO
preferred...——.—100 108 Mar 11
Ser El & Gas pf J5.No par 113% Feb 20
14% Jan
75%
f J*N O Tex k Mex n-c inc
106% Dec
137
Jan,!
117
Dec
158%
Feb
114
' Dec
2
V; 7
Mar
'6
26% Feb
J2
10
6% preferred."._L—....100 "92% Mar 11
*84
5% conv preferred.100
Jan
9% Mar
Jan
101% Jan
f
19%
2
Feb
Mar
83%
107g Feb 25
•
Feb
8%
91% Jan 20
11
Dec
«.
x94..
Dec
8'*
*8%
8%
8I4
8%
*8-V
>
8%
200
8%
8% Mar
Quaker State Oil Ref Corp.. 10
A
0
J
J
A
9% Jan
2
r
117% Oct
29% July
12
Dec
107% Dec
95% Aug
12%
Oct
12% July
8% 'Apr
.....1954 AO
♦Certificates of deposit
♦Certificates of
f'a
51
101,
*74
23.,
*2%
2%
*50%
51
2%
51i®
*74
101
*50%
2*8
278
51%
2*8
5H®
101
*74
234
*2%
278
51%
2%
2% - 2%
,*50%- 51*8
101.
*74
2*8
it
♦1st 5Mb series A.:
1954
A
O
2%|
*2%
*43%
*15*8
46
*44
46
*44
46
*431®
46
*15%
16%
*15%
15%
9%
24%
9%
*15*8
9'8
16*8
91;
9%
9
24%
241®
241®
*24
25
13%
27%
23%
13%
*261®
13%
2734
23%
*26%
13%
27%
22%
231.1
178
*1%
2%-
!
>9
"1%
*9,
241®
241-
13
13
21%
*11®
*13%
27%
21%
*26%
*261®
178
*21%
*2134
178
*ll2
*U®
*40
50
*40
50
*40
*13
151;.
*12
7%
Ul4
*7%
*10%
*40
50
i*40
.141®
*11%
*7%
*1014
*3%
14%
7%
11
8%
■*12
7%
X55
11%
8%
57%
*43
48
*43
47
3
3
17%
51.,
5%
123% 126
1678
17%
*981*
100
*80t2
82
5%
5%
*1151®
125
*63i2
69
71
7
7
*7
82
83
*81
3%
•
3*8
11%
8U
10%
81.4
8%
71?
83
*10%
8%
57
*54
57
4ol®
*43
46% .*43
2*4
3
3
17
16%
99%*80%
5%
? 7%
7
83
3%
7.
*3
Rayonier Inc..
$3 preferred
700
Reading
2778
100
22
700
5
Preferred—100
Reis (Robt) & Co 1st pref—100
*L%
54
*40
54
14
*12
*7
8%
55%
*10%
8%
3%
81%
5%
120
: 81
3%
-—10
800
11,700
3
■
^
17%
91%
81%
5%
^
j;
„
1,300
120
40
67,
82
20
900
7%
50
300
3%
*
10% Mar
8% Mar
11
10
38% Jan
2% Jan
Republic Steel Corp...No par
16% Mar
11
preferred.—..*. 100
6% donv prior pref ser A. 100
96% Jan
3
! 81% Jan
.
30
'■1% Jan 13
>39
Jan 15
! 13
Jan 14
7
Jan
0
6%
conv
j55
.1
Mar
5
& Brass.....5 i
7% preferred — t
100 aillS
67%
5%:% preferred.!
.100
6%
Reynolds Metals Co.--No par
81"
5,4% coav preferred—— 100
3%
Reynolds Spring
1
Revere Copper
Feb
Jan
f
10
8
Feb 20
Mar
U
Mar
3
Mar
0
27% Feb
Dec
62%
88
Dec
Dec
8%
Dec
23
23% Mar 11
Dec
10"4
22%
2
3%
55%, Oct
21% July'
'18% July
29% Aug
18% July'
Dec
Dec
Jan
2734
24
19% Dec
,
Aug
Jan
1 'if Dec
1%
48%
16%
7%
12%
Feb 3
Feb 13
Feb 5
Feb
Feb
9^4 Jan
2% Sept
'
53
7
Apr
•
6%
Dec
9%
7%
Apr
>>
Nov
9% July
12% Jan
61
Jan
53% Dec
A
A
,'f
Ref &
;
Ref &
... _
Conv secured 3Ms
.....
N Y Cent & Hud River
1952
3Ms—1997
...1997
3Ms registered.....
—
O
48
Feb
34
61
19-
Dec
2% Dec
4% Jau 14
Jan
14%
Dec
96
86% Jan 23
' Aug
77
!09%Mar
Dec
>4% Dec
6% Jan
>3
129% Mar
3
97
Apr
Jan 20
60
Apr
.
3%
22%
101%
Feb
97
* Jan'
11
Jan
Jan
6*8
Dec
85% Jan 19
75%
Dec
95
4
Dec
10%
47S Jan
5
237«
*7%
*4%
*161®
.
2378
50
50
7
67S
231®
50
22%
•
*7
8'«
*7%
4%
*4%
17
9
*4 4
17%
9
46
*%
*8%
44
%
*%
23
23%
*45
7%
8%
4%
17%
9
7
50
;
7
*7%
8
*4%
4*8
171®
17%
*431®
678
23%
4%
17%
9
i
50
9
43%
9
-
22%
23
7
27% Jan 27
50
50
20
Reynolds (R J) Tob class B.10
Common.^
—1—
-—10,
22% Mar
50
Jan
2
54
Jan 27
7
2,500
Richfield Oil Corp.4.;.No par
078Mar
7
7% Feb 21
3% Jan 6
9
Jan 15
*7l.t
*3%
18
7
*678
8%
4i
18
9
%
*
9
*4178
43%
"
678
'
4%
17%.
'2
23%
10,600
50
3Msregistered..........1998
Louis—
—1974
New York Chicago & St
Ref 5Ms series A.
Dec
34%
Dec
7%
Feb
53% Jan
12% Aug
97g Jan
44%
*%J
*7%
8%
•3%
3%
*18%
*0
1®
*4178
19
-
•
,
_
^
200
"
600
9%
800
44%
40
to
Ritter Dental Mfg
No par
Roan A itelope Copper
Mines.
Ruberoid Co (The)—..No par
Rustless Iron & Steel Corp.-.1
$2.50
conv
preferred.No par
tRutland RR 7% pref
100
8% Jan 16
6
Apr
5% Jau 20
2%
Dec
19
878 Mar 10
18
11
17
47
16
Feb
43% Mar
% Feb
Mar 12
10
Jan 21
;
Jan
2
14% May
8% Dec
42
Nov
Dec
% Jan 26
534
21
Jan
Jan
M N
j":j
81M
..,77%
77%
107% 108
75%
81%
76%
82%
105% 106%
77 M
106
78
106M
M
124 %
121
106
106
106
106%
105
76M
18
72
77%
39 M
40
83
37
40
39
: 43M
44
46 M
75M
75,
46 M
44
-;
44
44
30
;■>' 6
44M
68
•
36
46%
41
38
4
46
45
42%
M
!
34
37%
34%
130
44 M
46
39
45
39
44%
40%
riiH *44 M
41
206
38
6
47 M
37
47%
46
46
*107
;> 53
53
96
96
;
O
A
77:':
lst lien & ref 3 Ms ser
1965
E——1966
N Y & Erie—See Erie RR,
Purchase money
F
.
.1947 M
8
-
1
.1948 J
........
60%
54 M
50%
55%
56%
1 ♦Collateral trust 6s—..... .1940
■
J
A
O
..1957 MN
•Debenture4s.„
♦1st
73%
-
78%
82
82
(56%
99
73
82
333
62%
1
96%
68
99%
93
96
99
,
.
9fi
v
22
100
93%
100
78
125
68
80 %
67M
*
6
11
62%
,
80%
.
-
7
.
99% 100%
60%
63
71
£0%
106M
106%
23
107%
107%
2
107% 108%
117
116%
112 M ■11234
6
116% 119%
6
112% 115
106% 108%
117
<
70%
34
*103M
56
"57"
55 M
61 M
M
49
23
102
11
100
•19%
20%
18%
32 M
30%
30%
31%
32
34%
32%
55
32%
184
76
32
34%
305
32%
31 M
34%
380
31%
29%,
32%
240
40%
38%
41%
852
53%
"52%
32
M
73%
104%
52%
56%
.62
102
32 M
60
104
64'
70 M
56%
61
102
19
31%
32%
32%
31%
19%
31%
19
32%
23%
41%
,.1948 J' J
6s registered.,
-
J
.1956 J:
..
♦Conv deb 5s
7iU\ 79%
51M
A
A.,—.1973 M N
1973 M N
Impt 5s—1943 J
J
♦Non-convdeb3Ms.i.
♦Conv deb 3 Ms
'30
56%
54
—
«,
77
51
O
N Y Lack & West 4s ser
4Mb series B
•NYLE&W Dk <fe
49%
56%
,
||*NY& Greenwood Lake 5s. 1946 M N
N Y & Harlem gold 3Ms.
-—2000 M N
'
169
,
1948
gold 4s. ....1949
NY Gas El Lt H & Pow g 5s...
.
54%
59 M
69%
61
*52 M
O
I)
97%
56%
62
A
59%
*
50
59 M
100
J
93
190
73 H
"96""'
A
50
45%
*70 M
59
Conv 5% notes.—........1947
-
51
402
76 M
58 H
O
3Ms A-.1965
gold 4s...
1951
55
>
51H
F A
6s debentures..1950
N Y Edison 3 Mb ser D
97
58M
,
A
N Y Connecting RR
N Y Deck lst
54 M
M
55 M
J
J
M S
D
ref 4Mb »er of 1927.. ..1967 J
.1954 UN
V t*Harlcm R & Pt Ch 1st 4s.
7
7
38M
79
"55% "225
>
"40% "55%
35%
•>' 78%
21
7%
39% 1120
21%
8%
39%
80
■
;
73
80
•:
29
3%
'
t *N Y Ont & West ref g 4s.,—1992 M 8
♦General 4s
..1955 J D
5
4%
4M
20
-
t*N Y Prov & Boston4s.
..
N Y & Putnam lst con gu 4s
—
1M
;
.1942 .4 O
1993 A O
J
-
J
N Y Steam Corp 1st 3'Ms..;.—1963 J
tltN Y Susq & W 1st ref 5s„..1937 J
1%
1%
*99%
4%
1%
99
6%
1%
99
47%
109%
"48%
110
39%
48%
109% 110%
106
...
El Lt k Pow 3 Ms.. 1965|M N
N Y Rys prior lien 6s stamp...1958
106
106
29
29%
106
105% 106%
29
31%
105%, 105%
105 M
29%
"
*—1937 FA
}*2d gold 4Ms..
F
,
*7
...
A
10
,*Terminal lst gold 5s...
*80
"*9% *13%
10
1943 MN
82
|*.General gold 5s—....—..1940
N
YTelephone3Msser B —.1967
J54N Y West & Bost lst 4M8-1946
75%
108%
108
2
108%
Niag Lock & Ont Pow 1st 5s A. 1955 A O
Niagara Share (Mo) deb 5Ms.. 1950 MN
110%
4%
108%
110%
166
Niagara Falls Power 3Ms—*..'.1966 M. S
102
102%
26
4M
f}*Norf South lst & ref 5s .-—1961 F
102 M
-*24%
*24%
ization manager) 5s......1941
Norf & Western Ry 1st g 4s. —1996 a
North Amer Co deb 3 Ms.
Debenture
•-
3%'8
Debenture 4s
4%.:
*24%
A
♦Certificates of deposit.........
♦Ctfs of dep (issued by reorgan¬
ization manager) 5s. .— 1961
*Ctfs of dep (issued by reorgan¬
*102
,
19
1
108
83
108%
■
3 %
4 %
108% 100%
109% 110%
101% 103
26%
28%
23%
24%
28%
28%
29%
25
28%
...
126% 128%
——1949 F
A
126%
103%
126%
103%
F
A
102%
102%
102% 103%
...1959 F
A
103%
103%
103
—v.—1954
Nov
Aug
*
For footnotes.see page 1096.
For footnotes see page 1097.
■A
77 M
107M
81M
56 :
A
1
66%
77 M
107%
107?4
O
.....1978
lst mtge 3 Ms extended
1434 Aug
48% Jan
1
70
58%
118% 120%
50 Mi
to.-.1947
if .Ref 4Ms series C
Jan
49%
56
118M
121M
A
July
22%
-
1
8%
'
22%
*45
,
7
"
*7%
45%
8?8
44
23%
*45
I
'
118 M
119% 119%
M
121
O
Mich Cent coll gold 3Ms.--.1998 F
I
*45
120
♦115M
129
5
87g Jan
90
*86
A
Apr
Dec
Sept
8034 Sept
15% July
74
102 H
101% 102%
102% 104%
M
50 M
Lake Shore coil gold 3Ms —1998 V
:*
3MS registered
—.—1998 F
10% Nov
67% Jan
Apr
69%
103% 105
102
Nov
16
22% Mar
67
67
104%
102M
J
A
P...1'.M6
lm pt 4 Ms series A
2013
..2013
impt 5s series C
N Y Queens
'
67
101 M
45M
Gen gtd. 4 Ms .—.au&i 1945 J
N Y Central RR 4s scries A—1998 F
A
10-year 3Ms sec s f
Jan
Dec
38% Mar
14% Dec
v Jan 28
112
104 H
ioi'M
/Certificates of deposit....—
Jan
2
7
26% Feb 3
15% Jan 28
0
6
2
—
4%
Det
47%
11% Jan 16
4% 1st preferred....—.50
—
2%
9
17
0
2
Remington-Rand-.....—— 1
Preferred with warrants. .25
Rensselaer & Sara RR Co. 100
Reo Motors v t c new
— I
2
46% Jan
3
Reliable Stores Corp—No par
5
3%. Jan
2
Reliance Mfg Co..
47
54% Feb
0
; Jan
Real Silk Hosiery
6
2
13
200
400
Mar.
9
23% Jan
1,400
3
3%
-
15% Jan
247S Jan
2034 Jan
8%
*81
81
*3%
„
55
*63%
•6%
7
45
-—1
7%
13
56
*115
67
w
.
3% Jan
Mar 12
Feb 21
—25
Company........50
300
*43
47
7
|
l\.
14
7
13
"_2%
4% 2d preferred.50
100
22
1678
3%
-s
500
*98%
*80%
5%
81%
81%
3%
9%
0
18
85.
49% Feb
.100
6% conv preferred
46
13
16%
5%
Raybestos Manhattan.No par
.
24%
991®
*115
""800
21®
*24
16%
67%*;*63%
300
101
700
i
5%7i
*5
*63*8
5178
Amer...No par
$3.50 conv 1st pref—Ara par
$5 preferred B—...No par
Radlo-Kelth-Orpheura..... 1
""100
*98%
11*80%
*115% 120
15,900
16%
16%
3%
I
82
*80%
2%
*9
;
-93%
j
63%
>8
i
17
16%
82
*5
*7
3
99%
1=11518 120
*63
*54
*43%
*26%
'
*55
*81
3%
•• -
7*
*43
27„
278
70
*3%
22
21®
13
1% *1%
7%
*10*4
8 is
82
*21%
*lli®
59%
16%
13
27
I
*5078
*74
2%
46
16
9%
24%
13-
7%
.
.
27
15%
81®
*80®
9%
*24
*7's
59%
*93% 130=
50
1*43%
*15%
16%
13
101
■*74
2%
2% Mar
112
M
Newport & Cincinnati Bdge Co—
.1964 A O
♦Non-couv deb 3 Ms;
J
♦Non-conv deb 4s.....—. .1955 J
.1956 MN
♦Non-conv deb 4s.:...
Radio Corp of
106% 108%
116
112
45
....
2%
107 M
"
deposit—-----
♦1st 4Mb series D
...1956 FA
♦Certificates of deposit.......
R
21*
'106%'
O
tN Y New Haven & Hartford RR,.1947 Af 8
*Non conv deb 4s
11
203
*36 M
5S..1935
♦lst 5s series C._—.———1956
Jan
2
Inciii—No
Purity Bakeries—..—No par ,<
Jan
9
(The)—-No var T 8% Mar
600
Jan
123%
6
Pullman
1,300
29%
110
Jan
Pure Oil
84
39 M
♦Certificates of deposit——..
♦1st 5s series B
*:
61% Sept
120
July
Jau
5,500
23
' Dec
43
44%
39%
44 M
/>'
1955 J D
4s...1953
New Orleans Term 1st gu
t
T-eb
,
115
4,700
100
par
Dec
92
A..1952
New Orl.Pub Ser 1st 5s ser
1st & ref 5s series B
V
8%
*8%
12
8
86% Jaa i4
0199% Jan 14
J.-No par
—-.1—No var
Pub Serv Corp of N
=:
83
35%
35%
31%
70
i
*65
82
59
42 M
66
Jan*
4
110%
111% 112%
103% 106
82
;
65 M
Jan:
40%
v.
82;
65 H
Jan
Dec
2l%- Dec
50 *' Dec
67g
•
109
J
Jan
8%
13%
4
5%
■:'<
-
109M
1945 J
♦Consol guar 4s
July
'': 4%
■
109
68
Jan
1 Mar
k'
•]
86%
52
101% 104
68 M
JuJy!
15
Mar
45%
101M
J
Jan
'Dec
•
Jan'<
9%
Dec
'51
1 '*
IT : Jan 15
,"'5% Jan 13
Feb
Jan
"
1% Jan 20
14% Jan 28
13
Feb
4 7%
Feb
"24%
6
Oct
181
■
32
51%
1%
31%
30%
31%
29%
101M
M N
«
leg:
Aug
174 " Mar
;
J'
4,000
4% Feb
B——.No par
-6%-Dec
163
r
24%
80%
50
50
!?
Jan,
8%
Jan
164
•
:
21
*85
O
^♦New Eugland RR guar 5s—
Jan
1078 Jan 26
22
13
„7
31
10
1°
45%
*116
1
Plttston Co (The)-—No par
489
29M
Newark Consol Gas cons 5s.. .1948 J
1945 J
Jan
Jan
*84
4
3
31M
28-M
A
1965 A
{♦riaugaiuck RR 1st g4s.-._ .1954
Oat
10934
7%
46%
Dec
5
Feb 14
29
29 M
.1978 FA
.1960 J
3Ms-—— .1949 M S
National Steel 1st mtge 3s...
Jan
415
5% Jan 14
30 M
3MS--1968 J I)
1947 MN
3Ms debs...
Nat Distillers Prod
July
23%
4% Dec
.
Feb 25
•
100
Dec
■f 64 ■!•>. Dec
FCb 19
175'
0
Mar
5
,
68
6
3%
31%
31
31%.
30%
N
46% Dec
3% July:
Oct
Dec
2%
27.
5
6% Jan 15
6
60
200
!
>
B——1955
Nash Chatt & St L 4s ser A.
"
5,500
7%
8%
28
'
109%
""3%
300
'
-13
6
30 M
Mutual Fuel Gas 1st gu 53
.
Jan
ext—1951
Mountain States T & T
May
38
^2i;.*: Jab
7
;
75
107
30 M
38
60% July'
Dec
17
5
32% Jan 14
40% Jan 14
76% Jau 30
21
500
18%
4%
11%
*4%
*
100
1%
13%
*1%
13%
'
4%
10%
712
*26
*!%-•-1%
13%
13%
*16%
1$
4%
4%'
4%
10% >10% ,11%
71.4 • 7%
7%
7%
*7% .8% T *7%
8%
,
•
7
30 M
43
2% Aug
30% July
11% May
-Dec
41
297S Jan 24
195
38M
Aug
Sept
54
Dec
4%
-
31 M
44
Apr
25
t2 Deo
187g Dec
11
29
31 %
30
Jan
25%
v- --x
*
-V
*1%
*13*8
5
53
361
30M
MN
112% Mar;
Jan
36%
-•
Constr M 4 Ms series
52% July
17% Aug
?
25
Jan
7% preferred,—'.100
Pitts Screw & Bolt—.—No par
Pittsburgh Steel Co.—Np Par
300
54
—
6% preferred. —-----100
Pitts Coke & Iron Corp.No par
$5conv preferred...-No par
1,300
'
9%
*8'2
Pittsburgh Coal of Pa
''
«
-
5%
*52%
25%
64
<
-
4%
5%
•;
65
65
5
5
53
-
*4%
14%
5%
*4%
1% Feb
45
Pillsbury Flour Mills......25
Pitts C C & St L RR Co. —100
Pitts Ft Way &
■
*1721®
*1721®
r
4%
Mar
3%
■17% Dec
20 '■■ Dec
Jan
1M
50
31%
41H
3% Aug
Dec
34%- Apr
11% Dec
3
22
12
15% Jan
Preferred—100
•
■
.8%
8*4
8%
8% V" ar8t» •8%
8%
8%
8%
•158U 174
*158% 174
*158% 174
*153% 174 4*153% 174
:•
"■
w
700
%
*97% 118
32%
32%
5%
.
,
"'C
Jan
33
5
Phoenix Hosiery.
49
*46-."
*97% 118
378
*3t2
32
5l2
65
6,900
70
Dec
'
1%
>
Dec
Dec
Jan 30
5
30%
m
v.
Morris & Essex 1st gu 3Ms--.-2000 J D
Constr M 5sseries A.......1955 MN
.
*97% 118.
3%
3%
32
*1%
17
Phillips Jone? Corp.—No par
7% preferred-.-—---—100
Phillips Petroleum
No par
20
33%
2%
33%
49
17
„
800
78
*72%
2%
*1%
17
6
*512
*61
34%
17
■„
66
72%
*46
*9712 118
*3%
3*4
32
32i2
5'2
5'2
*61
*6%
72%
*1%
17U
■:#?
75
34
49
•17
M-
*72%
14%
54% Sept
89% Sept
r
l^eb27
.=
-
AprI
1
-
6
29%
30 M
30 M
"V%
J
5
Jan
6
67
J
73
7% Jan 24
51% Feb 7
7
H
18
$6 preferred
Montreal Tramways 5s
Jan
43% Mar
21
12
30
i
Jan
9
>
31
112
1
5
Feb 19
31M 1311
29 M
15
1%21%
23%
21%
25%
H
21%
25%
104 M
20%
Jan
Jan
Feb
-
29
111M
Dec
.
6%
Jan 21
30 M
103 M
%
:,
25%
104M
14%
2
21%
22
147
111M
Montana Power 1st & ref 35^8.1966 J
9
226
3H
109
Jan
3
31%
30
0
30%
Jan
7%
0
A
Dec
Dec
Jan
31%
217
D
A
1965
i6 debentures
24%
7
467g Jan
1% Jan
——————1960
Is t mtge 4
Jan
;
36
30%
21
Monogahela W Penn Pub Ser—
Oc
2
18
*14% Apr
1
1, ?Dec
Mar
13%
108%
24%
23%
12
12
5
:
25
pref—.50
——No Par
Philadelphia Co 6%
Jan
44
9
27% Mar
Co..-No par
Pfelffer Brewing
Phelps-Dodge Corp
100
2
2 S Jan 21
13
4
35% Mar
600
5%
35%
59%
23% Mar
Pet Milk Col -—- —No par
petroleum Corp of Atncr
5 X; 5% Mar
400
28
Jan
5% preferred
100 2106% Mar 12
187g Jan 2
Pennsylvania RR—50
19
Mar
5
Peoples Drug Stores Inc..-—-5
41
Mar 13
Peoples G L & C C (Chic) .100
7g Jan 3
JPeorla& Eastern Ry Co.-100
15% Mar 6
Pepsi-Cola Co
--1
Jan
6
Pere Marquette Ry Co
100 1 6
;-i 5% prior preferred
46% Feb 21
100
5% preferred 2-100 ;» 23% Jan 2
300
.:
5%
106% *105
*104
100
800
24
66
35%
3
iio
>
12,400
25%
=
5%
28
13,
i.
47%
23%
5%
5%
27%
*33%
*33 >'
2
2
1%
25%
5%
*5%
1% Jan
38% Jan
6
*44.
25
Penn-Dlxie Cement—No par
$7 conv pref ser A—-No pur
Penn G1 Sand Corp
No par
"
16%
*5%
46
61% Mar 12
2
Jan 3
41
16%
5%
9
*87S
63
41
5%
36U
71
107
6212
107
28*8
87S
878
64
*60i2
*103
"'46::!
■
24%
5*2
5%'
29i8
*5%
*5%
5%
5
19
Mar 11
48
Jan 14
•
2
13% Jan
Jan
2%
29%
17%
%
20%
55%
80%
2%
V
Penney (J C) Go--—--No par
Penn Coal & Coke Corp.... 10
j
,
1312
108% 108%
2178 22%
*19
20%
42
24
5%
28%
46'®
46 Ig
24«4
2434
*35
*
47
*46i2
*68
37
6
2478
5%
19
*40
19%
>
700
41
17
•
15% Jan 12
% Jan 15
Parker Rust
300
2
Jan
1% Jan 2
24% Mar 10
3,700
*13
11®
1%
161®
16% »; 16
6
:>;. *5% •i.7
I6I4
61®
*24
14
16%
1'2
16%
*1
16%
25
*12%
Co.—No var
Proof Co.---2.50
Transport' n.. No par
Patlno Mines & Enterprises.10
Penick & Ford.—1-No par
'
Parke Davis &
2%
*33
42
*5%
*24
41
4U®
8
..
15'2
*37v>
42
•
6
*1
:
1%
Consol Mines...-1
Par melee
14,100
61%
1%
I
•
48
61%
*178
X106% 106%
21% 2178
2214
*19
48
1%
....
21%
700
163®
191,1
63%
:•
2%
*i7s
,
17
*%6
18%
48
61%
14
*12%
*108
22_i 2
*19
41%
1*2
167a
22%
1%
41%
1,400
Park Utah
17
1
Park & Tllford Inc.—
"L600
25
1878
*4714
2% ;
*371®
*108
*108
*108
1
17%
1%
1%
1S3®
*s16
18
>
64'®
1*8
4134
*38 <•:
48
1%
<214
*1%
l%2
,T64%
*178
65*2
17%
1%
1%
18%
48
51
65
41%
*38
14
*12%
•
*S1A
17%
I53!
11®
*1%
*1%
,,
18
*481®
65%
65
*15
17%
1%
17
*'4
*49'®
*15
■; 112
17
::
17's
*17
17's
1®8
ll2
24*8
20
3M
MN
5*Mo Pac 3d 7a ext at 4% July '38
Jan
t
*15
1978 MN
.♦Certificates of deposit.....
♦Conv gold 5^3..
—1949 M N
♦1st & ref g 5s series II ..—1980 A O
♦Certificates of deposit.....
♦1st & ref 5sseries I
...1981 f"a
♦Certificates of deposit
...
Jan
37%
May
Feb
Mar 12
Jan
3%
>,
19% Dec
<
Jan
4%
7% , Jan
"N. % Feb
26" Feb ;2
Mar
Dec
Apr
1%
9
2
6
6
—100
Inc
Paramount Pictures
100
5%
2% Jan
17% Jan 20
Jau
1
90
4% conv preferred
"7,400
137g
8
Jan
22 " Mar
-----No par
Parafflne Cos Inc
*1031® 109
105
Airways Corp.5
Pan-Amer Petrol & Transp. .5
Panhandle Prod & Ref--;—-1
Pan American
Jan
23g
S
73
307
30
♦1st & ref 5s series O—
6
2
2
2
6
Hi Mar
5% Jan
178 Jan
14% Jan
7% Mar
Corp.—1
Pacific Western Oil Corp... 10
Packard Motorcar
No par
Pacific Tin Consol'd
23
*75
14
13%
105
1%
*22%
100
*75
109
*105
*7%
,
1.600
3,600
8% ■"J"-,'-*.
2,800
1%
14%
1%
2.200
5%
2%
14%
5%
2
•
23
*21%
100
14
14*8
1418
*105
8%
*7%
1%
1'2
23
1%
1%
5%
2%
147«
14%
8%
;
1%
2
14%
14'8
8%
23
14%
*105
? *%
1%
M
__1077
♦1st & ref 5s series F
♦Certificates of deposit
Jan'
29%
30 M
15
30
—.1975
♦General 4s
"
1%
5%
114
'
F
♦Certificates of deposit.....
Jan'
126
j
li
♦1st & ref 5s series A
19% Aug
Dec
95
Missouri Pacific RR Co—
11% Jan'
4:287* jjaui
J
scries A....—.1962
a
103M
103
lOt
104%
Volume 155
THE COMMERCIAL
Number 4055
NEW YORK BOND
RECORD
'CvV'
BONDS
,
'
EXCHANGE
g?
|'C
£
}
: | n
•; week Ended March 13
Last
Range
Sale
NEW YORK STOCK RECORD
Rid
cS
.
o
Asked
&
LOW
Range
or
.Friday's
Price
Railroad & Indus. Cos. (Con.)
IjOW
North Central gen A ref
5s.>-1974 14 S
CJ#>n Ar
A
Gen & ref J. %s QArittf A...... 1 07A M S
4
series
1974
Northern Ohio Ry—
'
Jan.
112
Low
No
....
Saturday
Monday
Mar. 7
Tuesday
Mar. 9
Mar, 10
Mar: 11
S per share
$ per share
.$ per share
,
♦
112
O
*98%
.....
30
30
v.
*6u
4
0
r
27 X
_
1997 Q
..
y> 4s registered...........
f'
1997 Q
2047 Q
3s....Jan
ry & Id g
3s registered..
J
J
F
2934
75%
69%
1
42%
63
40
40
43%
40%
52'
61%.
52%
s
2047
A
Ref A irapt 4 J4s series A
Ref A lmpt 6sseries
£047
.J
2047
J
!67%
Ref &
impt 5s series G..*._
2047'
J
56%
55%
lmpt, 5s series D...... 2047
J
56%
55%
6
i
68X"
56%
42
48%
58
57
97
48%
58
Northern States Power Go—
':*5%.
.....
'39%
39%
16
i; 1634'16%
1334
.13%,- I334
>«()
85
.85'
•*80
:
(Minn) 1st & ref M 3 4s...... 1967
(Wise) 1st mtge 3Hs..;
1964
Northwestern Teleg 4 %e ext... 1944
■
T
110
108
109?*
110
111%
*'4
*\2
102H 10 2%
108%
110
16
•3
108%
:I*iii4
101
.;
;
■f
-
J
Ohio Edison 1st mtge 4s.:..... 1965 MJV
1st mtge 4s.
1967 M S
108%
108% 109%
108% 109%
107
108%
107%
109
109%
109%
li
107%
107%
P
1946
F
103%
104%
102% 10 4%
A
102%
103%
102% 103
4s....1946 / D
Ore Short Line 1st cons g 5s.... 1946
]
J
Guar stpd cons 5s .1..
1946
Oregon-Wash RR& Nav 4s...1961 J
Otis Steel 1st mtge A 4^s...:. 1962 J
J
.
J
■
.
1*32%
'
,'■{ 11%
.4. 2%
*103
107%
1!2
105
94%
8
*1%
9
111% 112 v
112% 112%'
Pi 3
65
930
78%
L
1946
?
;
90
110%
110%
15
107%
107%
109
33
85 %
ser l... .1966
106%
1st A ref mtue 3s ser J..... .1970
1st A ref M 3s series K.__. .1971
i*Pac RR of Mo 1st ext
■i
ii*2d ext gold 5s...
99
99
.
.
10
101%
10%
106%
'
90
105
105
Panhandle East P L 3s B
101%'
102%
101% 103%,
105
A
i-31.%
*44%
\1%
Paramount, Pictures4sdeben.. 1956 M
Parmclee Trans deb 6s..
..1944
4
1,400
340
S
100
O
47
47
100
*115%
*101%
118
120
*19%
6%
6%
^1
1%
23
23
134.
134
31%
I
D
Guar
I
I)
.1944
3)^8 trust ctfs D..._.
Guar 4s ser E trust ctfs.... .1952
5%
57%
4%
%
102%
1
105
104%
23
103
W
stpd dollar May 1 .1948 M N
Gen intge 3 %s series CL-.** .1970 t O
Consol sinking fund 4Jiis..l .1960 F A
100% 105%
D
.03%
General 5s series B........ .1968 J
li
111
Debenture g 4 Vis......... .1970 A
O
.1981 .4
O
.1984 J
4
101% 104
3
101% 101%
105
O
Peoples Gas L A C ref 5s.....1947 M S
♦income 4s.....
..Apr 1990
90%
51
""400
11,900
99%
300
J
J
J
J
1st 4s series B
1st g 4%8
series C—......1980 M S
Phelps Dodge couv 3%s deb...1952
J
D
Phila Bait A Wash 1st g 4s...1943 MN
\
General 5s series B.........1974
i
General g 4 %s series Ct
General 4 %s series
F
5%Marl2
Shell Union OI1......1.
15
Silver King Coalition Mines.5
10^8Mar 13
12%
1%
1,500
12
*22
23
.Tf'O
90
*108
19
19
19
300
11%
11%
500
15%
*13%
15%
6%
63g
6%
30,600
1%
*14%
1%
14%
22%
900
2,700
i ■:
'
6%
1%
1%
14%
*14%
6%
1«4
14-is
22
22%
23
134
134
2278
*133
31
16%
157,
30%
31
*45%
49
278
*2%
1%
■
65
2%
65
*40
18%
16%
8,900
26%
34t
34
*33
3334
32%
1% *
200
900
1%
2%
*2%
■
.300
54
51
*50
54
19
"""460
27
3,800
32%
32
32
400
54
50
51
54
*51
310
1,600
14
27
90%
;878
9
i9
14
120
122
44
102
105
111
45
.
,'-8%
112%
63
63%
83
97%
181
21%
21%
22
32%
33%
33
33%
26,? 00
26%
261,
32%
26
26%
26%
26%
i.200
106%
4
5%
5%
3%
43%
5%
3%
4%
4%
3%
1
4%
105
37
46
38
34
108%
"%
56%
58%
139
119
120
94
.
1971 J
I)
J
J
"27%
8%
.
110%
J
104
*11%
19%
*18%
4%
*3.-
*3 ifi
Series D 4s guar...........1945
Series E 3 %s guar gold
1949 F
.
Series F 4s guar gold.
,r
Series G 4s guar
i
Series H cons guar
Series I cons
f
..1953
J
293
23%
21%
7
*4%
4%
.
*8%
*102^2
"84
99% 102%
33
31'
r
f
110
119
%s A. 1952 If S
4His...... 1950 J 1
1st mtge 4%s series B.,.
1950 J
107%
112%
120
109
105
Pitts A W Va 1st 4 %s ser A... 1958 J
1959
series B
series C-—... 1960
Pitts Y A Ash 1st 4sser A.... 1948
1st geu 5s
1st geu
60%
61%
60
*107
-
9%
•V
'ort Gen Elec 1st
—..
'ressed Steel Car deb 5s
1950 J
1951 J
♦Providence Sec guar deb 4s.. 1957
♦Providence Term 1st 4s—
1956
1st A ref mtge 5s._-_
8s-
81%
J
,120
u
J
2037 j
94
Service of Nor 111 3%s. .1968 A
'urlty Bakeriess f deb 5s...., 1948 J
93
*82
j
O
•
5%
a
j
81
107%
109%
8%
.
137
..82%
•
78
%
106
.107 %
.
J
Gen
J
1956 J" J
80
87
94
93
5%
95%
3
85
80
6
.
80
10
108%110%
216
216
*2
216
219
; .216
108%
109%
108%, 109%
104
103
72%
79%
80
98%
98%
73%
80%
80%
99
,
13
104%
67%
25
.79%
16
7
lepublic Steel Corp 4 %s ser B. 1961 F A
Pur mon 1st M conv 5%s__. 1954 MN
105%
105%
105%
17
1956 -VfN
101%
101%
102%
108
Gen mtge
4 %s series C
102
102
102%
*4
*32%
8%
31%
,2%
*1%
31%
30%
.5%
5%
;
42
34
*31
378
34
:
-24%
l'
Jan
6
3
11%
1
Nov
Jan
9
22
Oct
28% Jan
3
187g
Feb
95
Feb
112
Jan
111% Dec
14% Feb
114
Jan
13% Jan
1% Feb
26
2
21% Jan
2% Jan
30% Nov
Dec
35%
Oct
9
Jan
Feb
18% Nov
8% Jan
5
7%
Dec
1% Dec
10;t4 July
2% July
Marl3
17: Mar 12
10 Mar 9
11% Jan 2
15 % Mar 11
30% Mar 6
34% Jan 5
•
Jan 23
2
.
r
20% Jan 10
12% Jan 5
13% Jan 26
18 % Fob
5
35% Jan 24
47
Jan
2
13
Feb
June
Aug
150
Dec
:27%
16%
£10
Jan
•11% Feb
19% Feb
23% Mar
5
6
1
111
Mar
25
2
13
13
60
4% Jan 6
45% 1 Jan, 14
38% Jan 6
9
*43-%Mar 10
Jan
49% Jan
Dec
Dec
Dec
27% Apr
54% Aug
Feb 11
114
Dec
3
3
11
17
Mar
31%
31%
5
Dec
17%
27%
20% Jan
31% Jan
36% Jan
23
May
;
Mar
Jan
13% Sept
14% Aug
19% July
36% Nov
37%
Oct
2
Jan
6% July
69
July
22
July
3984 July
38% July
60
Dec
Feb
678 Jan
57% Jan
40% Aug
Dec
111
11734 Aug
47% Dec
0
Sept
19% Aug
23% Dec
Dec
8
!
—
18% Feb
23% Jan
32
Mar
50 Mar
3% Jan
38 Mar
32•% Feb
15
120
i
9
178 Jitn
3% Feb
25% July
£13
15% Jan 16
26% Jan 26
144% Jan 27
60
1;)8 Jan
2% Jan
48%
Dec
6%
Jan
--
3
3
6
96% Mar 12
% Jan 2
Mar
Mar
7g'.vuir
684 Mar 12
8% Mar 6
.
10
4,200
Sun Oil Co.:........iNo par
Class A pref (414% cum) 100
100
3,100
t
5,900
Sweets Co of Amer (The)..50
Swift A Co
...,.25
3,200
Swift International Ltd
4%
1,000
Symington-Gould
4%
39
1%
1,600
1,600
200
r
,
"
3% Jan
49% Mar
119
Sunshine Mining Co...
100
Superheater Co (The).iNo par
20%
4%
3 s Mar
4% Mar
Studebaker Corp (The)..;..l
1.000
Corp
Feb 25
32% Mar 11
26 Mar 12
30% Jan 8
42'g Feb 26
5r
Jan
6
110
Jan
8
'16 Jan
7
1% Jan 6
11% Jan 14
13% Jan 14
3-%
108
Dec
June
% Nov
78 Dec
!
y
Mar
9
6
2
4
11
4 % Jan
2
12% Mar 10
1% Jan 8
11% Mar 13
17% Feb 13
,3%Mar 6
l 22%Mar 13
19% Mar 11
>
4;% Jan 2
1
2'178 Feb
113% July
1%
Jan
4% Mar
8-4 Dec %21% Mar
10% Dec •2234 Mar
1778 Mar
25% Mar
25% Nov
3
33
Feb
4% July
4678 Deo
33% Jan
34% Jan 16
33
Dec
48% Aug
29
Dec
40
Jan
56% Jan
51
Dec
66
June
27% Jan
41% Jan 2
6
5% Jan
No par
23
22%
19%
4%
par
400
4%.
19%
Starrett Co (The) L S-.No
Superior Oil Corp....^
l
Superior Steel Corp....... 100
Sutherland Paper Co.i....lO
19%
23%
...
Stone A Webster..
11%
*3
21
Stewart-Warner Corp..
5
Stokely Bros A Co Inc......l
800
11%
19%
434
V
2,200
4%
*18%
.
"18% Mar 12
Standard Oil of New Jersey.25
Standard Oil of Ohm.
.-.25
2,500
1%
4%
par
Standard Oil cf Calif. iNo par
Standard Oil of Indiana....25
Sterling Products Inc.:.
13
2278
♦4
4%
39
*4
4%
39
*32%
1%
138
:■>;
*32%
13g
30%
31%
1%
*7%
30%
2%
2i'
2«g
*8
8%
32
8%
Talcott Inc (James)..1
1,400
500
8%
31
13,100
*9
30%
3,000
5%
5%
5%
538
1,400
5
5%
.5%
10%
5
1,200
*978
10
978
'
8%
8%
*2%
.
Jan
4%
4% Jan 2/
5% Jan 5
5% Feb 21
Jan
50
8%
66%
126
Jan
Dec
July
9
Jan
Jan
3
Jan 26
Dec
19;,4 May
16% Dec
3% Dec
24% Jan 28
5% Jan
8% July
21
Dec
Dec
Dec
9% Dec
16% Nov
6
25.
Jan
6% Nov
3%
3
4
3%Mft'
8%
12%
1%
9
1% Jan 14
13% 'Jan
19 \ Iviar
Apr
117% June
-
57a Jan 14
15% Jan
Dec
3% May
4% Dec
3% Dec
5534 Jan
126
5
*31
*5%
6
9%
12
*8%
934
j.
The Fair
4
500
*5%
"tiOO
24
u
1332
*83s
934
*Sh
'
U32
800
2% July
18% July
23% Jan
5% Aug
Aug
25
j 24% Sept
77s July
69
73%.
82%
79%
82
98% 101
102
P. 6% Jan
2
41% Jan 20
2% Feb 2
41
Jan
7
•
100
.1
Thompson Prods Inc..No
3% Feb 13
30
Jan
2
2
par
preferred
Jan
2
578 Jan 19
;
24
1332 Mar 13
Tbompson-Starrett Co.No par
cum
Mar lO
8% Jan
pref erred. No par
2
9%
'9%
*91%
94
92
92
9%
*887g
"30%
>9%
91%
30%
30
30
29'8
'38%
•;*4
38%
38
4%
4
*8%
8%
8%
,
9%
9%
4
? 8%
66
66
8.
*10% -11%
8%
20
6%
6%
111
♦11
11%
8%
*19%
.
•„'*78 :>»%6
66
66%
6% VS 6%
*9%
8%
7«
i
4
83s
*10%' 11%
?u
38%
38%
4 :
4
9%
Tide Water Associated Oil.. 10
9%
887g
9%
88"7g
3,600
*29'g
30%
1,900
38
38
Dec
4% May
Dec
5% Mar
3% Feb
5% Dec
38 78 Sept
30%
9% Jan 21
Dec
41% Jan 20
?3
Mw 10
50
Jan 28
32
June
2
Dec
38
May
4-%
34%
3%
6%
27%
Jan
9% Sept
«
Dec
46
Feb
2
5
5
3%
Dec
Feb 27
Jan 12
30
Jan 20
3<? June
24-'% Nov
Jan
1%
7
•; 11id Fen
5
10% Jan 13
Jan
3,200
Transamerlca Corp
9% Mar 12
8878Marl3
400
$4.50
conv
;•
lO'&Feb
95% Jan
29
Timken Roller Bearing.No par
..4
38%
4
1,600
4
92
3
*3
35%
35%
-•■3%
•
r
8%
19%
8%
.*19%
35%.
;•
*3 ;si
.
36%
*578 ..6% V" *378 *• 6
i
8%
11%
11%
l5«1
>»%
*65%
66
66%
65%
*6%
6%
i*6%
*10
6%
11%
*10
11%
%
,
11%
8%
%
Dec
Dec
Dec
7
34% Jan
43% Jan
43S Jan
10 -8 Feo
12 '8 Feb
?
pref.....No par
900
1,600
130
..6%
65%
6%
Trl-Continental Corp:.....-l
I $6
preferred
No par
65
*10
8%
8%
9
9
19%
*19%
20%
*19%
3
3
3
3
3
700
3
*36%
57s
37
30%
534
578
37
37%
57g
'
5,000
600
290
37%:
584
534
$1.50 preferred
500
<
9% Mar
§
95% Aun
27% Feb
100
Twin Coach Co
1
3
3
1
7
11
7% July
6% Aug
14
10%
July
Jan
44% Sept
4% Sept
60% Sept
5% July
40
Aug
4% Jan
6
Jan
34
Jail
,1%
18
Jan
Jan
,
Dec
Dec
5% Jan
17% Jan
1078 Aug
6
Jan
Jan
Jan
5% Jan
2
6:% Jan 29
287g Jan
2
Jan
75
Jan
Feo
9%
2234 Jan 27
•:>. 3% Jan 13
Jan
2
2
2
2
2
Dec
4
6
Feb
Jan
7% Sept
11% Aug
9% Sept
5
9;% Jan 2 7
40% Feb
1178
997g
35% Sept
51% Jan
60
Jan 19
Feb
Dei
Dec
6% Mar
% Dec
Jan
67% M«r
Feb 18
Dec
4
8%
7%
19%
1%
21%
No par
,
2
3784
11
City Rapid Tran.No par
7% preferred
8% Jan
"h Jan
6
20th Cen Fox Film CorpNo par
Twin
5
61% Jan
s
Truax-Traer Corp.....No par
Truscon Steel Co
10
200
Jan 28
8% Mar
Transue A Williams St'l No par
'6(6
"
Feb 18
37% Feb 21
2 >. 4
Transcont'l A West Air Inc..5
"8
8%
37
10
H%
-
'19%
3%
900
Tlmken Detroit Axle*
8%
12
11%
9%
20%
■■■■i
6
35%
30%
iio%
} 78
"
,
Dec!
6
11% Feb 2-±
.No par
38% Aug
3% Jan
Dec I
31%
Jan 16
6
5% Nav
Dec
1%
347« Jan 14
9% Jan 6
2
10
100
25
$3.50
3% May
27
27
2
Third Avenue Ry.
9%
Jan
Jan
Thompsou (J R).
6%
24
'*32
5
.........No par
ccnv
5'.j Mft- 13
3
7% Jan
Thermoid Co....
$3 div
""300
3
.
v
1
Preferred.
20
34
*2%
6%
24
24
*
%
300
33g
*31
2%
Thatcher Mfg Co
$3.60 conv pref
49
-*37g
34
2%
*5%
24
•:
*2%
*48
4
*378
37«
2%
*23%
»,«
338
Feb 10
30% Mar 13
2% Jan 2
2934 Viar 12
4% Feb 25
31% Feb 2
; 2% Jan
3
9% Jan 16
39% Jan 6
100
Texas A Pacific Ry Co1
500
42
5
2
7
No par
400
8%
*38
49
*48
34
2%
42
Texas Pacific Land Trust
10%
*8%-
8%
*38
42
5
4% Mar
32% Feb
l%Mar
8
Texas Pacific Coal A OIL-.10
30
2934.
3%
378
!
Texas Gulf Sulphur...No par
5''
30%
49%
i
;__9
parte pref...L_...50
Telautograph Corp
5
Tennessee Corp......:
...5
Texas Co (The)
25
Texas Gulf.Produc'g Co No par
2%
30%
.48%
*31
«%
24
*i2
i 21«
*2%
3%
24
v'9%
*38
4934
■37«
*2%
*5%
6%
>
5
,3
*48%
5%
*9%
*8'4
,9
3
2%
48%
4
!
•
10%
*8:%
*38
•
42
30
5%
5%
10
,11
8%
19%
May
16% May
84 Dec
16
6
Feb
4%
Dec
27%
Dec
24
Deo
1% July
27% Sept
9%
Jan
U
>
1 04%
104% 105%
10135 104%
'
30% 301' V30% 31
8%
8«4 •7*8%':
8%
*8%
r
63
61%, 62
"•62%, 62%
112 "
;lll% 111% •111% 11134. 112
*102% 104:
103% 103%
10384 103%
*■
1178
1178 i-Ui%
11%
n34
11%
].*72% 73% ".73% 73% v 73% 73%
30%"
•
,
;
v
78
*77
11
*10%
26'4
29%
95
9%
30
25
.,
10%
31
10%
110,
.41
•10
96%
9%
,978 ',
*
9%
10%
.•
*17%
19%
®i6
8aa
111
103
103
tll%
173%
77
*76
10%
*10
11%
11
11
73%
73
73%
76%
24%
76%
10%
24%
'77
*10
10%
25
24%
•247«
31%
96%
30%
31%
96%
97
9%
9%
9%
*978
30%
313s
%
96
10%
*10
9%
*108
110
*108
140
40
*40
*17%
19
*17%
1878
*17%
U32
®ie
u
*32
%«
13%
14
see
page
1096.
f
13% '1334
»
*32
13%
10%
110
40%>
18%
?:
14%
30
£8%
<
8%
59% 60%
109% 110%
101% 102%
11
>
9%
40
.1378 M4%
For footnotes
112% 112%
103% 103%
60%
110
.
30
31
8%
6014
111%
x60
8%
59%
8%
19%
*17%
*.ii
30
31
8%
40
40
j
'
*108
108 J 109
-40
:
14
30%
96%
30%
96%
-•'9%
%
10%
24%
•26%
934
*108
\*39
■*
77
"78
95%
1*10
31
31
8-.
62%
13%
For footnotes see page 1097.
Dec
5
106
1
O
16%
Dec
13%
$4.50 preferred..
No par
Standard Gas A El Co.No par
$4 preferred..
.No par
107% 108%
R
series A..... 1997 J
A ref 4 %s series B...... 1997 J
I-
'.
19-%
119% 119%
*75%
1 *10%
:
26%
Gen A ref 4%s
39
2%
91%:
11%
I
leading Co Jersey Cent coll 4s. 1951 .4
*4%
8%
*9%
.
66%
r
*10
•
104
J
478
r4%
*32%
,
l»16
6%
*216
216
,
32%
*8%
11%
*65%
109
108%.
2037 ID
'ublic
lemington Hand deb 3%s
4.
-
*7g
«
......
105%
J
If N
'ublic Service El A Gas 3%s.: .1968 j
1st A ref mtge
4
"3
M 3%'s... 1966 J.
*4%
.*4
.
*30%- 3078
37% :.'38
'38%
1
4%8..i_... 1960 M S
193s
23%
19%
41'
1%
12
.
•
13
*3
7
:
.
*11%
2%
■-.%■
8%
1977
1st 5s extended to
Jan
Jan
2
4
..No par
1,300
478
50l8 50%
119% 119%
1%
*18%
;*8%
32%
*6
9%
37%
.V'
•;
'otomac El Pow 1st
13
-
4%
23%
21%
484
8%
24%
93%
31%
64%
107% 108
*101
40
67g Sept
'
64%
60
*119
1%
18%
;*2%" -.'3%
9%
8%
"60% "64%
61%
61%
1974
'
12
3278
*3%
*16
9312
98
...:_
60%
1962
series B...
5s series C_.
1st 4%s series D.
1%
*3
•
♦31
6%
*9
t.
»-
•
>1078
98
61
1st mtge 4%s
Dee
10%
Jan
4% Jan 14
•
102% 104%
98% 100
98%
60%
1st mtge 4 %s
Dec
3'234
3
2
Dee
6
2
1.000
5%
3%
4%
478
4%
,
410
4-%
13
13%
1*8
2%
24%
*U
>
99% 103
103%
98%
98%
•104%
t
4%
r
1%
*1%
48%
2%
*534
7
108%
34
„
2%
*24
121%
106
107%, 107%
101%. 101%
98
Pitts Va A Cliar 1st 4s guar... 1943 M N
4%
4%
50%
119%
119
18%
39
*38
49%
378
-378
t.
fie": 121"
120
108
103%
I)
:
4%
50%
4%
507«
*11%
'8% vi.8%
*2% ■, .'.3'
t
*99%
8%
>48%
112
5
31%
Pitts Steel 1st mtge
5%
338
3%
4%
18%
2%
<31 * 31%
70% .."-5%
*5:
" 5%
42
102% 1022i«
106% 106%
108
119
Pitts Coke A Iron conv 4
3%
4%
3%
4%
119
"-: i%
*2%
10% '*10
.*38
'110%
101%
5%
5%
:11%
81'
5%
.'
■; 5'
v
*33
108
44
.•*3"."
V" -4i<>
*4
i
31%
*3%
r
A
;
*13
1%. 1%
11%
19%
4%
23%
23%
23%
21% :;21 / 21%
.;,32%
2%
2%
100»35100'*ji
..r..
*106,%
A
:
V 8%
3258
2%
A
F
I960
32%
>43
4%
4% "v; 4%
458 J
39 ■;
*32%
1% V. 1% '.< i%
1% •'2%
L
%s
1964 l/N
Gen mtge 5s series A
1970 J D
Gen mtge 5s series Bi.^
1975 .4 O
Gen 4%8series C
—-.1977 J \J
*30%
43 %
19%
-
,*32%
8%
2%
100
99%
Jan
57« Nov
Apr
Feb
4
6
.No par
Standard Brands
4
Jan 20
,
•
7
......1957 At N
4%s—...—'.1963 F
4%
*50%
119
4^2
1V&
1%
12%
21%
I'
5
*99%.....
Series J cons guar 4
32%
*43
5%
3% :
•4%
'
23%
s%
If N
;
23%
*9-%
1942 4/ N
4I0
13%
:
1%
*20%
48(j
Pittsburgh Cine Chi A St Louis—
O
4G
4I0
*18%
24
8%
2%
*1%
99%
:
5%
6,900
7,000
♦30
*427g •44
j
8%
"
,
ZX
♦Certificates of deposit,..'..
6
28%
27%
7%
pref A
Jan 15
Mar
109}% 112
100
99%
;
*30 '
■
j
13%
:t
■94
110%
conv
6
7
61%
5%
33%
1434
105%
120
..
•
478
4%
4%'
484
50% ;• 50
50%
50% 50l->
122
*119.
122
121% *119
,
4-%
105% 108
105
3%
4%
f.'
'
33%
.
•
41»
74
64
64%
6
105
•A
4%
26%
43%
5% .•'.*,5%'
3%
;
1
*13% 14
*1% ■£ l%
12
*11%
1
3%
6%
107% 107%
67%
5%
3%
*50
47
.
44
4%
•
4*%
i
*119
89
110% 113%
31
64%
106%
105
.......1949 .if s
i
59
Dec
Feb
5% conv preferred
100
Squibb (C R) A Sous..No par
S5prefseries A......No par
200
44
99% 102%
I
3%
51%
7%
6
i
17
Conv $4.50 pref.....No par
Square D Co
1...1
prior pref..iNo
8-%
18%
''
97% 100%
81%
64
$3
Spiegel Inc........
1,200
8%
18%
21%
43%
'f
Series C 4%s guar.....
334 July
7834 Jan
1078 Jan
14% July
71»4 Jan
49% Dec
4% Dec
6% Jan 27
10
Jan 3
Jan
Jan
July
48% Dec
5
!
60
17
13% Jan
prior pref.. ;No par
8%
*30«t< 32%
V
100%
29
62
"l\" "97
62%
No par
cum
18%
32
109% 111%
A
Jan
,
July
%
34 July
7
2034 Jan
Spencer Kellogg A Sons No par
Sperry Corp (The) v t C.....1
Spicer Mfg Co........No par
cum
8%
,32. S
36
1942
13% Jan 5
3% Jan 23
112
% Jan
% Dec
11% Dec
1% Apr
Jan 26
100
$7
19%
32%
>81
...
Jan 28
57
Dec
10% Mar 6
£l5%Mar 3
6% Mar 11
T'gMar 6
14%Mar 6
21
Jan 2
No par
5% preferred
$6
22%
26%
99%
Series B 4 %s guar
2
31
Apr
17% Sept
94% Sept
39% Sept
115% Mar
Apr
June
109%June
107
Dec
Jan 28
Mobile A Ohiostktr ctfs 100
Sparks Wlthington....No par
Spear A Co
1
roo
18%
27
,i"
85%
0
5%.
*107%
71%
62%
73
700
21%
32%
.*42%
f
99%
112%. 112%
44
44%
44%
100
.*8%
*31,
107% 111%
93%.
89%
98
99%
700
878
27
94%
120%
104%
,
28,900
,
27
109 % 110%
90%
10
100
.
,
Southern Rjr
80
1,400
..
34' 4 :
110%
;
Sept
%« Feb 10
Jan
100 £131.
$5.50 preferred
19
26%
.
*26%
110%
93%
*116
J
23
8%
79
6
100
Southern California Edison.25
Southern Natural Gas Co.7.50
Southern Pacific Co.-lNo par
65
....
18%
26%
33
33%
Philadelphia Co coll tr 4%s...1961
Phillips Petrol 1%S debs..1951 J
Sept
June
9
Jan
112
19
••
No par
8% preferred
4,100
50
18%
£ 26
18%
26
*50
14,200
32%
19%
26%
-
65
800
31
30%
2%
.
3,100
12%
*45
1%
*1%
3
26
34%
107% 108%
94
- 105%,
j
47
113
5
110% Jan
No par
So Porto Rico Sugar
60
10
.16%
,
200
17%
.
•117g
50
.*45
Snider Packing Corp
131
Z131
134
3078
34
1
1937
Apr
Jan 15
22% Feb 17
£90
Mar 12
South Am Gold A Platinum. 1
S'eastern Greyhound Lines..5
£21%
24%Mar
Socony Vacuum OH Co Inc.15
*2%
*358
$6 preferred...>*>..No par
Smith (A O) Corp*.....
10
Smith A Cor Type v t c.No par
1178
1%
v
50
*18%
16%
65
;:::,",\.10
92
.....
1178
*13%
19%" 19%
22%
2212
33%
34
110%
f§*Philipiilne Ry lsts f 4s
Jan
234Mar 12
12
Jan 29
1
Jan
3
..No par
117«
1%
51
:
Simmons Co...
19
31%
I97g
107%
>-
53
Simms Petroleum....2.... 10
Slmonds Saw A Steel..No par
Skelly Oil Co
15
Sloss Sheffield Steel A Iron. 100
15%
12%
16%
1658
"506
22%
22%
*88
12%
31
300
26
*108.
Sn%
45'. : ;."45
..
.
*24.
93
19
1%
•
1%
26
6,100
*1314;
.0%
M%
12%
227«
107%
1st A ref mtge
....1
*1114
'.1%
♦33.'
12%
1%
12%
1%
1,700
11
10
19%
"108%
♦Conv deb 6s
Sears Roebuck A Co._.Aro par
Servel Inc......
55% Jan 13
4%Mar 6
* 32% Jan
6
4%
17
f-22%
J
t*Pbila A Read C A I ref 5s.r .1973
Seaboard Oil Co of Del.No par
Seagrave Corp...
5
July
Jan 10
1
% Jan
$3.50convprefser A.No par
Shattuck (Frank G) ...No par
Sheaffer (W A) Pen Co.No par
4,600
10
19%
J
;
5
6
11% Feb 26
2% Jan 12
44% Mar 11
;j. 47« Jan
2
8% Jan 2
®32 Jan
No nar
Shaxpe A Dohme......No par
27«
17%
2234
D
t
f Seaboard Air Line
300
2%
17
19%
103% 103%
?
109% 111
A
S
31% Mar 13
No par
;
3,500
27«
11
♦9%
11%
1578
21%
.1
if
3
5%
2%
17%
i
J
3%s...l967
Jan
Feb
8
4
35
3
19%
10%
89%
36%
Feb
Apr
May
£l0678 Dec
12% June
3
15% Feb 24
13% Mar 11
81% Mar 13
%
%
6
1% July
102% 107%
J
Phlla Electric 1st A ref
Jan
Jan
Sharon Steel Corp.....No par
$5 conv preferred...No par
•' 3%
384 ;
3%
338
31'
3% <
3%
3%
3%
3%
40% i*39.39%
38
38
38 "
38
387« 39
381-4
38%
■*
35
.35%
35
34
34
34% 345« h 34% 35
*34%
34%
34%
♦111
11284 1111 (III
*111';: 113
*111
*111
113
113
*11W: 113
*44
*44
44%
4412 "x43% .43% *41%
43% *4M' 43% *41% 43%
*111%
*111%
*111%
*111%
*111%
*111%
3
/ 3% l\ 3
3
3
..." 3% Vv 3
"•3% (3
"3%
3%
3%
*90
102 '
*92
99
99 f
*90% 102
99
97
97
96% 99
:
*%
• *32
rii': 1
*1.1 .• V 9
».u
*h
*32
h
*%
*%
9
1
l %
*1
1
*1
1% '.{ 1
„'"i '• ;
1
1%
1%
1%
*7
*7% : 784
7
7
7%
7%
7%
17
7% ' 7%
.1977
.1981
—
44
90
400
.
32%
12
•
26
,
.'f. 8'%
106% i08%
39
17
99%,
98%
84%
"84%
A
5s—1956
—1956
Pere Marquette 1st ser A
«
110
Mar
1,000
.
110%
V
89%
Apr
Peoria A Pekin Un st 5%s....1974 F
|
O
Jan
5
107
109%Mar
*32%
10%
22%
*18%
•
Peoria A Eastern 4s ext......-I960 A
5
38% Mar 13
No par
....100
116
32%
10
.
1
103%
109%
./
.1952 A
...
...—
.4% Mar 15
6% Jan 20
9
-•
10)
103%
109%
92%
110%
92%
General 4%h series A....... .1965 J
series E.
Jan
5?8
878
55%
*8%
*54
10
,
110
4s sterl
General 4lis series D
Dec
3
-
103%
.1948 M N
Conv deb 3 lis
share
3934 July
Dec
%»
Jan
46
578
17%
-
Consol gold 4s...
%>
78 Jan 27
2
4-2% preferred.........100
3978
107
4
10»%< 102%
101% 101%
106%
106%
103%
102%
101 %
Pennsylvania RR cons g 4s.. .1943 if N
Ceu mtge 4 lis
per
Dec
% Feb
114
.
27
347$ Jan 27
106% Jan
*32%
10%
*22
*51
104% 104%
103
.1974 F A
—
104%
106%
2
106%
3%>s... .1969
4debentures..,—
Safeway Stores
5% preferred..
Mar
$4 preferred
57
1%
19% ,v*1834/ 19%
2578 26
t
102*i o 102"i«
104%
A
.1981
4series B
1
Highest
$ per share $
% Jan
%3 Jan
$4.50preferred......AM par
12
2%
,
44%
29
10
....
%
*11%
2%
Lead.'
tSt Ixiuis-San Franclsoo.-.IOO
6% preferred
100
t8t Louis Southwestern... 100
5% preferred.*........100
Scott Paper Co.......No par
L 600
%
*%.
,
.
St Joseph
50
5%
*53g
57% V 57
4%
4%
26
*33
118%
103%
104%
WN
28 year4s......
.1963 F
.1960
Pennsyl Glass Sand Z%».
Pa Ohio & l)et 1st A ref 4^8 A '77
Penna Power A Light
$ per share
Savage Arms Corp__._.„.._5
Scbenley Distillers Corp
.5
5Vi% preferred...
100
•
•
Lowest
$ per share
Par
80
-
Guar 3H» trust ctfs C.._.. .1942
*
Year (1941)
■
Highest
300
114
108% 108%
17%
17%
10% ,10%
r
31%
*50
;
■:
41'
12%j
:
*14% "14% -*14%
45
1%
65
',*18%
60%
99% 100%
47
49-,'
47%
.
S
58%
59
Pennsylvania Co—
J
Range for Prenious
'
Lowest
100
;2,500
3.200
81%
31%
,.
114
55%
112
112
278 ii *2%- ' 278
27«
26
58%
99%
;
12%
16%
1058
31
1%
*50
..I960 MA'
Corp—
1 12--"
1634
45
•
*19
10%
r
30%
j.
107% 108%
107%
j 10
*44%
-i
85
106% 108%
278
12%.
12% 12%
*13% ,15%
.
fii78. 12%
105
Pat A Passaic G & E cons 5s.. 1949 M
♦54
32%
11%
278
1078
3
v
*1%'
1%
14%.: 14%
;22% 23
-1038
1038
,11
7;
♦110
*133 v135
{
84%
86.
106%
11
>i27«
!-• 3.
3
17% f 17% .17%
102%
85
88%
*84%
106%
133
■99
99
88%
.1938
-.
1st M s f g 3s loan ctfs_.__.1955 F
"
161?.
115
5%,
-
99
107%
Paramount Broadway
10
13%" 13%
81%
*31
59
:
.
.
1%
14%
133
•
1 .1966
300
.v.:-
13%
56
5%
: 4%
*32%
-
23
(17%
.1966
Ref intge 3 'is series CPaducah & 111 1st s f g 4^s_. .1955
-
*5»8
83
32
13%
*80%
31%
*57
478
32%
*32%
1934 t 19% a 934
11% 1' 1178 V12
15% ♦13% ,15%
6%6%
.
♦14%
22%
•
107% 109
106% 107%
6
106%
99%
.
99
g 4s. .1938
Pacific Tel & Tel 3 %s ser B.
!
300
38% 38%
I 109
*114
59
*4%
*110',,v-:.,
*19
'
90
82%
110% 112
13
110%
1st A ref mtge Z*4n ser H.. .1961
1st A ref mtge
2.300
109
36% '.10%
16
13%
1238
12%
.12%
12%
*1%
-1%
*1%
1%
?"1%
:
*24% 27
♦23 »
*24% 27
23% 23'4 .-"•'23 :v 23
1*22.;::
*90
: 93
*901': 93
*90
:i 93"
*90
95%
—,
23%
23%
,
'
f
.
*110 '
104% 106%
>.
26
*24%
107% 108%
6%
1*1%
5s.
7%
109% 109' *108% 110
:. *% :•■ %
V *%
::
»3
:■;'*%
%
*%
®l
.11% 11% *11%
12
2»4
2%
*2%
284
46
44%
44% 45
*5%
57„
*5%
5%
9
87«
ar87» : 87g
57g
*57
59
•
44g-V- 4%
*32%; 32l2
vll%
11%
3
12%
,114
*12%
102% 102%
117%
107% 107%
tl2.-;-v.ll2
112%
112%
105 % 105%
89% ..95%
584
*57 *
•
v
11%
;.
g
.,
.
...
32%
*13%
Pacific Gas A El 4s series G... 1964
%
*5%
387S
108% 108%
16%
29%
%
#3g /.; i&52
4%
4%
*®32
®32
£ 38%
83
-
.
*1034
.Pacific Coast Co 1st
%
..
S®8
•
-
J
..
16%
29
29%
...
*4
39
31 tj
i: 3,
•
29%
%2
*114
U
s
:•
)
,r
.
con g
Shares
108%
13%
*84
♦%
*11%
»»«
134
,
i *534
6
i 59
; 59
412
412
107
107%
3%s.*., I960
gu 5s.L. 1943
107%
Ontario Transmission 1st 5s... 1945 M N
Oregon RR & Nav
$ per share
7%
12
11%
117«
2% >• *2% J Vi
2%
2%
47% 1.47
47
4734 ■i 46
>5r'«
534
,r.% :';Vi 57s
578
9%
*8%* 9%
9%
9%
57%
*55 - ' 50% c 55 ;:v 55% 1*54%
.*54%
7%
4%
108%
J
Ontario Power N F 1st
39
7%
108%
1972
4s debentures....
,
Week
S per share
Range Since Jan. 1
On Basis of 100-Share Lots
EXCHANGE-.
*104%
109%
J,
1st mtge 3%'s
7'i.S
S
'34
12.
*8%
,
J5*Og ALChara 1st gu g 4s.:. 1948 J
Dhlo Connecting Ry 1st 4s.... 1943 M
*%
,.-
.
*234
4714
;-.t.
Oklahoma Gas A Elec
Mar. 13
i
%
108
131
*31% 32
•114>« 114% *i'i4; ijy.i *114
*1083.t 114
*io834 .r..' *109
O
I
Mar. 12
; STOCKS
NEW YORK STOCK
the
29%
*s32,
*%
*3%
*5%
38%
16%
.16%
113%
*80%: .85
*31% •32
.
J 31% ."31%
>
:
7
'
•
29%
%
J387g ¥9%
108% 108%
(IO884 i0884
13»4
04
;%
*3%
*5%
734
108%
.
15%
.
45
*3%
,39
108
2978
%
lis
'
12.;
*5%
139
59 X
74
29%
732
%
2)0
68
30
>*®3i
!■
.
27 X
72
76X
68,;:;-71»4
40X 44
39
42 K
58
74%
69%
;75
~42%
Ref &
T
Friday
101
of deposit.
North Pacific prior lien 4s..
v
Thursday
Wednesday
{
113
99
% per share
*334 >; 7
|: Gen lien
.
High
,119 % 119
112
!
Sales
for.
1
*""
"
♦1st gtd g 5s........
'..1945 A
♦1st mtge g 5s (stamped cancollation of guarantee)... .1945 A
♦Certificates
Hi(ih
*11514. 121
v
SALE PRICES
AND HIGH
Since
o
CQCC
•J
1
1095
Week's
Friday
N. Y..STOCK
& FINANCIAL CHRONICLE
3,500
U nder Elliott Fisher Co No par
1,300
Union Bag A Paper....No par.
8.900
Union Carbide A CarbLNo par
"
460
130
11%
Union Oil of California
25
1,200
Union Pacific RR Co.'
i-100
76%
300
10%
*10
2,500
73%
^
73%
*76
100
24'g
25
3,900
31%
32%
6.500
95%
96%
1,500
9%
978
3,100
10%
108%
39%
700
*10
<:
108
£39%
70
500
*16% .18%
*32
14
Union El Co of Mo $5 pfNo par
! Pref $4.50series
LNo par
.
4
7,400
14%
7,000
4% preferred..
100
*
Union Prem Food Stores Inc.l
Union Tank Car.
..No par
United Aircraft Corp.
5
100
'
5%
conv
pref .J
Un Air Lines Transport
-5
United Biscuit Co
No par
•
5% preferred.....*
100
United Carbon Co...1.No par
Unlted-Carr FastCorp.No par
United
Jan
2
109
Feb
9
101 «4 Mar 13
11
Ma/ 12
6334 Jan
2
£76% Mar 6
10% Jan 16
24% Mar 10
28% Feb 20
95
Mar
7
9% Mar 6
978Mar 10
105
Jan 12
37% Jan
17% Jan
2
par
'31 Jan
7
2
No var
13% Mar
6
Corporation.*.No
$3 preferred.*.
8
59% Mar 12
33%
9%
7484
11284
Jan 20
108
Jan
Jan
Jan
Jan 12
Dec
Feb
79% Sept
aril 134
Jan
11534 Nov
112% Sept
106% Dec
11% Deo
57% Dec
6
1334 Jan 29
77% Feb 5
81% Feb 6
11% Jan 30
30
73
Feb 24
Mar
9% May
878 Dec
10834 Dec
3i
51
35
4278 Jan 19|
20' Feb 261
38 Jan
13
8578
85%
13%
31
44%
Sept
Jan
Jam
Jan
July
Jan
17% Jan
14% July
113% Feb
.
52
Dec
*11
,
| 16
Dec
15
5'
16% Jan 15
Dec
24% Dec
28% Dec
6
IO484 Jan 5f
117g Jan 28
ll-sMar
Dec
9
2/36% Jan
112
377g 8ept
12% JaU
7
60
5
3
Dec
21% Sept
1% Jan
Dec
3(VU
Sept
Jan
Monday*- March 16, 1942
1096
NEW YORK BOND RECORD
RECORD
NEW YORK STOCK
Friday
LOW AN0 HIGH SALE PRICES
Af onday
Tues'dn <i
Wednesday
Thursday
Mar. 7
Mar. 9
Mar. 10
Mar. 11
Mar. 12
J ver share
S per share
$ per share
$ per share
$ per share
13
Mar.
Rame Since Jan. 1
NEW YORK 8TOCK
On Basis of 100-Share Lots
the
Friday
STOCKS
for
Saturday
i
40
*383$
*17$
2i2
♦17$
2i2
40
40
39l2
4%
52%
53
4%
4;%
438
100
14
14
*ao
(1941)
Lowest
87
85%
851M
2134
20%
20i2
10
*018
10
45
«i$
*35%
3978
2912
20%
.9%
291M
4
4
31
*30
54%
55
54
Lowest
Highest
43$
100%
4%
91%
14
137$
"""200
14
4%
1.
*99
13%
*3
3%
3
3
3
85
*75
-20
20
85
83%
21
20
United Gas Improv't
30
100
Alcohol.No par
U 8 Industrial
1,900
Jan 10
Feb
35
Feb
30
72% Jan
60
Mar 12
52% Mar
7
4%Mar 12
99% Mar 13
3
oreferred.__-.50
5 X% conv
"
50
37$ Mar 11
31
4
3%
5% Jan 16
106% Jan 17
8%
2%
3% Jan
Jan 10
17
Jan
7
227$ jail 28
8% Jan
2
11% Jan 26
48%Mar 4
172
4
*lst
con &
93%
19
High
2
■'
99%
39
177
12 /,
23%
109%
109 %
J
109% 109%
J
—
48 "
:>
107
♦.-...,,106X
14%.. 14%
6 X y v 6X
M S
J
101
.
^
M S
J*Rut-Canadian 4s stpd...-..1949
t}*Rutlaud RR4J4sstpd
1941
47 X
♦108
'4-
U a,
S
J
30
■
20%-: 22%
♦109% £.iI6%
i, *
Gen mtge 3%s series J...-.1969
no
47
f
21%
1977 MS
M
102»,« 104
£ 6X
.**;_■**
107
10%
14%
s
6%
4%
5% B 8
95%
107%
91% 96
100% 107%
••••a,..'A
y-BB 1
July
69%
37% Dec
Jan
Feb ,43
20
.' Apr
95
Saguenay Pow Ltd 1st M 4X8-1966
9% June
Feb
y
Jan
183
Apr
33
34% Feb 10
34% Jan 27
-
July
13
99 %
•
102X403
♦35
47 X
Oct
Feb
47$
*
coll trust 4s A...1949 A O
••J Gen mtge 3%[s series I ——1967
i
-
•-
,
No. Low
Hi
f
99 %
99 H
Gen mtge 3%s series H.—-.1967 MS
*
July
Dec
.
170
Jan
6% Jan 14
Mar 11
28
Jan
4% Sept
Dec
9%
7%
Since
Jan.< 1
:
Roch.Gas & El 4Hs ser D
14% Nov
Dec
83
Feb 25
87
2
Jan
10%
2%-. Dec
6
83
43
?
Dec
Jan
117
Apr
4% Feb 27
Range
II
A«ke''
&
Low
(Con.)
tj*R I Ark & Louis..1st 4%jS..1934
2% Jan 29
169% Mar 3
5% Mar 6
34% Jan 30
79 >
:
May
100% Dee
15% Jan 30
>
Bid
Price
f 4s 8 f conv debentures
—1952 M S
t§*Rto Grande June 1st gu 5s.1939 J D
t§*Rio Grande West 1st g 4s..1939 J J
Jan
•42
Dee
Railroad & Indus. Cos.
Richfield Oil Corp—
5% July
Apr •f
>
.4%; Dee
;
2
Jan
Mar 12
2% Jan 10
\ 47$
Mar 11
38
1
13
Secur...No par
$6 1st oreferred-i-.-No par
U S Distrlb Corp conv pref .100
U 8 Freight CoNo par
U 8 Gypsum Co—20
7% preferred-.-100
U 8 Hoffman Macti Corp
5
180
:
c.l
U S & Foreign
1,200
2,100
.
5
Jan
II
Revere Copper & Brass 3%(s...l960 M.N
per
;e% Jan 28
-10
U nlted Paoerboard.
1,000
loo
*87$
9
884
9
83,
9
*
4434
45
45%
45%
»44% 44%
*170 >177% *168
177% *163
177%
*5% • ' 534
*5%
6
5%
5%
♦35% 397$ *35% 317$ *35% 397$
28
28
28%
283$
28%
28%
-No oar
United Mer A Manu Inc v t
800
3
P.No par
$5 preferred—<
300
83%
20
85
United Fruit Co--.---No par
4,000
12,000
33$
..5
United Eng A Fdy..-
1,500
3
3%
3
500
2
2
...100
Preferred
United Electric Coal Cos.-..5
1,600
321$
47$ Jan
Corp.....10
United Dyewood
43$
99%
•
-
Friday's
Highest
share $ per share
6% Sept
27$ June i
1% Dec f 3% Sept
Nov
20% May 1 51
5
$ per share
$ per share
United Drug Inc-..-.v.----5
2,700
55
*20
20%
9%
45
45%
45
45
170% 1701.1 *170
177%
6%
*5%
6%
*•5%
3978
*35%
*35%
397$
2978
2914
*2834
2934
177%
*5%
*85
5%
53$
*2% ■"•• 2%
*30%
41%
*4
4%
42
Par
Shares
31
14
3%
3
.
33
•
103
137$
3%
86%
*20
3
■
*99
14l4
*27$
*35%
45
103
3
*338
4%
■
3%
3
*170
54%
4%
31%
553$
4%
*3%
♦27$
*934
39
3%
3%
5%
Range or
Sale
Week Ended March 13
Week
% per share.
2%
37$
31%
4'2
1418
*3%
5%
*17$
53i2
*3ll2
109
5%
21$
38
4
32%
52 I2
143s
5%
♦17$
39
4
*31%
4l4
100
100
*137$
5%
4
3D4
52*%
4r
5'2%
512
*38%
43$
*4
3134
5*$
Last
EXCHANGE
Year
>
511
534
2i«
*•5%
*17$
Week's
BONDS
N. Y. STOCK EXCHANGE
Range for Previous
Sales
95
X
x
St Jos & Grand Island 1st 4s__ 1947
3.3% Aug
,107%
St Lawr & Adlr 1st g 5s
1996
2d gold 6s
-J....1996
June
60
55-
60
:,
60
93
.
St I.o Us Iron Mtn & Southern
3'8
*234
'
241
24
2312
31
*284
9%
108
*2l4
23%
23%
297$
2214
*20%
22%
*2884
*20%
297$
22%
3i
34
*34
1%6
■i«u
*34
9
113
24
24
*287$
*2034
1
%
13%
54%
,
,V
U 8 Playing
300
U 3
7i
♦%
14
1378
1414
137$
137$
543.4
551m
54
5434
4434
4434
*44i2
4,6
*4434
46
4434
45
69
*65
67
*65
67
65
65
*63
.50
50%
49%
112% 1121
18
175$
*40
47%
18
18
*4410
471M
34
h
"
*42
*34
19
,
44
44
50%
13%
*44%
78
*34
1,
47'm
*4412
3.i'
597$
"
*42
44
14»$
8,400
58
5,500
427$
427$
2,000
67
65%
65%
200
497$
50%
112% 113
17%
17%
22,300
1,300
1,700
U 8 Hteel Corp
"""760
*150
15
*1338
42
155
143''
50
*148
155
*150
50
*148
152
155
*J50
"is Jan
200
"*"190
49
*47%
'
5
152
20
8%' preformed-:-
150% 155
*150% 155
——100
-
12
Universal Pictures
1st pref. 100
..Jan
Jan
"
43%
69
Dec
Dec
47
Dec
105% Dec
19% Dec
65%
76%
If S
84 X
84%-
Jan
33%
250 %
Dec
{♦8t L-San Fr
7u
Dec
42%
Dec
5
44
Feb
.
42.
,
9
26
14% Jan
5
15
52% Jan
150% Jan
6
26
16
159
12
64
May
Jan 21
133
Jan
157v
57
72 X
44 X
20
,
85
-57
J
15%
15
13.;
-
MO's
I
20
*19
*114
*23%
17i2
arlO
19
114% *114
«3412
34i2
60
85
3534
*50%
*56
23%
*56
23%
17%
23%
'17
*23%
*23%
173$
25%
.17%
17
.
25%
30
17%
1,900
*10
1034
19%
19%
114
114
*1123$ 113-% *112% 113%
33
33
33%
33% *33
34%
*934
11
19
19
9%
60
33%
*53%
33%
60
*53
60
*51
60
*51
*56
85
*06
85
*56
85
*56
Am.No par
Norman MachTooL.2.50
Raalte Co Inc
—5
Vanadium Corp of
700
Van
Van
100
7% 1st preferred
30
60
85
•
400
21
*20
-No par
Preferred-.--------,—*100
85
5
& Pac Ry...lOO
Vlck Chemical Co
600
Vicks Shreve
l%s Jan 30
1% Jan
Vadsco Sales.
1,800
%«
7i#
16
23%
17%
17%
10%
10%
19
*1S34
19
*114
114%
114%
*3?34
*53
25i2
1734
10
20
29% Feb
Mar 11
207$ Jan
1 l%Mar
22
Jan
112% Jan 12
24% Jan
115% Jan
13
417$ Jan
6
17
9% Mar 12
19
Mar
33
Mar
9
10%
15%
15 X
172
11
15 X
17%
516
11%
17%
17
16%
16%
15X
17
59
11%
18 X
15X
16% 1686
11%
16.
15%
16 X
r
1st 4s bond Ctfs..*........1989 MN
79 X
78%
79%
f
*2d 4s Inc bond ctfs
J
66X
54lst
term & unifying 5s....1952 J
J
46 X
44
♦Gen
& ret g 5s series A-.
-.1990 J
J
26 X
25 X
299
12%
16%
i 79
78
♦77,'i
32
57
82%
69%
123
31
47%
130
•.
27 X
15%
27%
83 X
Nov 1989 J
St Paul & Duluth 1st con g 4s. 1968 J D
{♦St Paul E Gr Trk 1st 4Xs.-1947 J J
t5*8t PAKCShL
4X3-1941 F
O
gu
69%
47%
■/-;
2%
A
St Paul Union Depot .3 Xs B.-1971 4
S A & Ar Pass 1st gu g 4S.....1943 J
Oct
5
2%
10
10X
31
Dec
Dec \ 34% Jan
15
Mar
8% Dec
July
20% Aug ■; 23
Aug
111% Dec 116
J
100
2
45
55
.4
O
15 X
15
15%
1950
O
15
14%
15%
157
F
a
a
o
57
Jan 19
Mar
y 57
,66
|*48
g stamped
5s....-..Oct 1949
§*Refundlng 4s„—....
r
195J
♦Certificates of deposit...
♦1st cons 6s series A
...1945
♦Certificates of deposit..
'
2134
112
112
26
26
21%
1%
2534
,21%
2534
21% 2134
1%
13,
26% 26%
113% 11312
113% 113%
1141m 115
2Hm
21U
*1%
,1%
26%
26%
*21%
*1%
26%
114
114
*14
16i2
15
15
15
15
15
30
29
29'%
28
28
27%
114
15
*29,
28
;*'28%
>91%
*140
-
*98%
294
-
*91%
96
145
29
28%---2815,
*91% 96
95
145
*125
28%
-28%
96
*91%
145
*125
125
120
114
*14
700
116
*114
287$
1,000
26%
Va-Carolina
40
1
25% Jan 19
2
12% Jan 19
29% Jan 19
115% Feb 25
Jan
22% Jan
113% Mar 10
14
Jan 3
25
27% Mar 11
2£%Mar 12
90
Jan 15.
120
Mar 11
Virginian Ry Co
600
400
28% ' 28%
96
*91% 96
*120% 145
*120% 145
Feb 27
21
6% div partic preferred. 100
Va El A Pow $6 pref.—No var
Va Iron Coal A Coke 5% pf 100
320
16%
287$
29'
*13%
*27%
*28%
*91%
Works
5
Cuem——No par
Victor Chemical
700
21%
1%
*26
16%
*27%
-
21%
*1%
21%
1%
26%
i>
:
preferred--->;^-:.----25
•' 6%
Vulcan Detinnlng
"""170
100
-—100
Co
Preferred
-
19
.1
Mai
%
187$
Dec
Dae
Jan
28% July
U4:, Dec
{5*Atl & Blrm 1st
4s...1933 M S
gu
118% July
96%-Mar
138
Jan
29
v
89
.135
—1952 .4
27%
*634
7
*6'4
273,
67$
27%
27-%
277$
28%
27%
6%
684
*6%
7
*634
*18%
17
17
17
17
17
17
102
102
102
102
101
4%
32%
v
f
4%
U34
147$
234
i.*2%
147$
31,
8.
16%
*lo
V
34
*%
1678"
167$
16%
5
47$
74
*70%
5
*70%
5
74
,s
.
; 23%
*30
16'
•
4%
32%
32%
1434
234
*
4%
*31%
12%
*123,
23%
32
16
12%
13
2
*17»
*80
130
17
101%
4%
4%
*31% 32%
*143$
15
3%
*2%
.*%
:
74
.7)
24%
7$
*31.
*1534
23%
32
16%
*12
12%
12
11%
.
12
12%
2
12%
23%
31%
1234
*17$
130
*80
23%
*13%
1834
*18%
19%
98 X
F
A
{{♦Slleslan-Am Corp coll tr 7s. 1941
Simmons Co deb 4s.i
Jan
Soconry-Vacunra OU 3s deb»-i ,1964
143
1962 A O
J
; 3s debentures
-..—.1979 J
j
Southern Colo Power 6s A
1947 j
70
*65
70
*31
12%
12%
12 :>
2
*17$
>
139 :
*80
18%
1810
♦0634
097$
67
66%
67%
*60%
67
63
63
74
69
69
*71
72%
70
72
*50
75
10534 10534
16
16%
*102
103%
*80%
103
2
*80
9t»
®16
ll
lo
91«
24%
24%
24
24%
17%
24%
17%
24%
17%
17%
17%
17
17%
24%
16%
72%
73
71
723$
122%
27%
73%
*124
27%
*24
'
73%
130
27%
27
73%
*124
73%
130
267$
267$
27
*24
104
*50
60
♦50
*91
92%
*91
2434
1241m 124% *121
*26
27% *26
221m
22%
22
104
60
*50
60
*91
92%
92'4
24%
24%
245$
68
*66
66
*66
13%
*13%
*14%
14
14%
*13%
14%
H%
14%
3
3
*3
2%
2%
14%
3%
2%
53%
18
14
31.1
I *30
54
2%
*30
,*13%
30
*18
i
*
1*4
*1%
2
5%
47g
63%
5%
134
5
63%
*107
*20%
25
*18%
*
1'4
1%
5%
2
15$
5%
63%
63%
21%
*20
25%
24%
1334
1834
*120
♦110
129
*110
52%
*3
2%
*31
17%
21%
25
191m
*3
60
61%
74
70
434
*63i4
64
24%
19%
52
*47%
*107
2434
f\ 17
50
SYs% conv pref.
-100
Wheeling St^el Cor p..-No par
*2%
*40%
2
4">$
*134
1%
-53$
4s$
*107
117
-
52
57
*48
♦51
57
*51
57
*51
57
*51
♦90
98
*90
J98
*90
98
95
95
*90
50
49
49
♦48%
50
*107
434
Willys-Overland Motors.....1
800
0% conv preferred
10
Wilson <fc Co Inc.-,-—No par
$6 preferred.--—-.No par
Wisconsin El Pow 6% pref. 100
Woodward Iron Co
-.10
Woolwortn (F W) Co.,
10
Worttiingt'n PAJV1 (Del)No par
117
20
603
25
8,200
19-3$
>•
*120 £ 140
*110'. 130
*48
57
*90
"
-
52
*49
95
600
'
47%
'
7% preferred A.—— .100
6% preferred B.—*
100
-1
......
47%
503
Feb
Feb
.Dec
;
10% Dec
1Q% Dec
1% Dec
l02%Mar
14
Jan
9
10
3
6% Mar 13
2% Jan
69
Mar
267$ Mar
22
Mar
13
9
11
103% Feb 20
Jan
8
112
Feb
.
;
24'$ .viarl 2
63% Jan 6
13% Jau 3
13% Jan 21
3
Mar
2% Mar
6
10
93
"
Jan
74%
Jan
Jan
115
Jan
Nov
1077$
Dec
Feb
9
Feb
Dec
.
July
l%May
31% Nov
24% July
Oct
105
Jan
141
Mar
34%
27% June
27% Apr
105
Apr
112
.
Aug
65
July
Dec
100
Jan
21%. Apr
30% July
58%
Dec
76
Jan
7
10%
Jan
157$ July
5
10% Dec
2%. Dec
17%
Dec
5%
2%
3% Jan 27
Jan 12
Mar
6
17% Mar
10
1% Feb 28
l%Mar 6
5% Jau 2
4% Mar 12
63% Mar 9
2% Feb 10
,53
Mar 12
Jan
2
18%-Mar
6
24
Jan
54%June
26% July
1%
MN i
52 X
52—
53
427
.48
*.1946
j,
J
86 X
84%"
85%
149
80 X
o
83 X
83%-
83%
17
82 X
j
67%89%
68%
281
61%
68%
60
88%
02%
66%
245
76
64%
78 X
66%
87%
77
83
;•
91%
1% Apr
Apr
6%
24
Jan
28
Jan 15
Feb 13 "ll7 "Mar
i
23:$
J6
5
17.
95
Mar
11
104
47% Mar
13
62
*3
Jan 15
.Jan
5
77
Jau
34%
Jan
'
Jau
47%
Dec
50% Dec !
July
130
73% Aug
75% ;Aug
July
Apr
122
50% Dec
80
86
.
1-1964
67 X
91
66 X
0
86 X
4
Stand Oil of Calif 2%s debs—1966 F
<
v
91
2H debenture*'--—,-...**1953 j
J
f
Studebaker Corp conv deb 6s.. 1945 J
Superior OH 3Xs debs-..—1956
Swift & Co 2%s debs
....1961
j
>.
3
7
-
40
0
110%
105
i
*
-
29
105%
40% *,50
39%
83 X
79%
86%
80%
109% 111%
104% 107
34
40 X
100%
100%
29
100% 102 X
103%
104%
104%
20
L
108 X
30
101
100%
108%
101%
103% 105%
103% 104%
107% 108%
102%
102%
5
121X
107%
109%
121%
107%
1
121
3
107%
D
1961
-
liox
•-
A
J
Standard Oil N J deb 3s._
104 X
XWa-X
•
.
MN
«
M N
Tenn Coal Iron & RR gen 5s..1951 j
Term Assn St L 1st cons 5s*—-1944 F
J
A X'iXu
4s.—.-.-.-1953 J
Ref & Impt mtge 3Xs ser B.1974 j
Texarkana & Ft 8 gu 5X» A—1950 F
i L*
109X
j
J
Gen refund
8
f g
104%
«
20
6
100% 103%
102X 103
Texas & N O
con
gold 5s
Texas & Pacific 1st gold
86% 92 X
105%
104% 105%
99% 101
104%
104%
J X X X X1943 j
-Xr53—.2000 J d
100%
101
2
99%
67%
100
12
99 X
68
8
61X
*
4
o
67 X
67 X
Tex Pac Mo Pac Ter 5Xs A--1964 M 8 XX'- -X54 X
Third Ave Ry 1st ref 4s
1960 / j
11
16H
*Adj Income 5s.Jan 1960 a o
67%
07%
66%
66%
—
-.1980
Gen & ref 5s series D
g
102 X
♦88%
*-1979
|♦Third Ave RR 1st
101
'!>>■-•
^
0
5s series C-
108
110%
102%
89%
105%
104%
104 X
4
re
122
;•
109
XX' u xx.
Gen & ref 5s series B.——1077
Gen &
'
109%
♦100
-
A
Texas Company 3s deb----—.1959 A 0
.£ 3s debentures. — .*.PT..-**1965 A/N
5s
Tol & Ohio Cent ref & Impt
-1937
/
./
D
>
4
Toronto Ham A Buff 1st g 4s. .1946
J
57
102%
68
00
67%
26
60
67%
1
84
249
101
104 X
54
17%
16%
10'2X 104 X
51
57%
18%
100%
13%
100
89
o •xXx
89
89
90X
84%
—-
84%
81%
85%
100 X
♦101%*
100%
100 X
166"
♦105X-
108"
105X 105X
D
Trenton G A El 1st g 5s.—-*-1949 Af S
Tri-Cont Corp 5s conv deb A..1953 J
22
55%
54%
♦100%
j
1942 M S
Toi W V A Ohio 4s series C
104
104
3!%sl960 J i)
Tol St Lculs A West 1st 4s—-1950
j
u
Nov
25% July
De,
Aug
Mar ! 147
85
'
j
.4 0
I 1st & ref 3s series C—..*.1968
♦Spokane Inter iat 1st g 4X8-2013 Apr
Sept
33%
De.
.
.1955 j
Devel & gen 4s series A——1956
Devel & gen 6s——.1956
So'western Bell Tel 3Xs B~
Dec
Sept
115
Oc,
Dec
19%
7
Jan 26
57% Jan 26
53% Jan
7
4%. Dec
60% Dec
(21% Jan2o
4si
5'..*.1994 j.;
Southern Ry 1st cons g
2%
3%
3
5
6% Jan 20
73% Jan 13
—--
10-year secured 3%s.
2% May
Jan
Dec
17$ Jan
6%| Jan
93
"iijf
Jan
8% July
Feb
109%
"19%
Jan
18% Dec
41
22% Jan 13
49
Aug
85
37$ Jan 26
-1981
GoId4Xs-.-*-
South Pac RR 1st refguar
Jan
36% July
15% Jan
14
55%
Jan
Dec
4
6)% Jan 29
57 X
50
Jan
117%
Dec
71
Jan 22
61X
50
8an Fran Term 1st 4s-*-..*.1950 .4
J
Jan
118
27% Feb
53.
*
-
d
-
4%
60
Jau 8
88
52
3
Jan
17% July
6
106% Jan
>52 %
50X
.
144 *-48%
281
48
64 X
54%
53%,
86
86 -
j
23%
*20%
Jan 28
31% Jan
53 X
-
86
4 %
!
i06% 107 X
104% 106%
105
105%
144
86-
4% July
7jj
35
101% 103%
'"12
200
82%'
297$ July
15
31X
55%
53%
♦56
80
Dec
18%
6
101 X 103 7
•km "104 %• 105%:
60%
57%
59%
,
I'll X
82 X
Dec
Jan 27
-1
54%52%
60
■
91 X
1%
26% Jan 14
19% Feb 5
2
8
7
t
6X
:'v
-95% -'97%
9.3%
99 X
12
107%
j
15%
8% Jan 28
29% Feb
1st 4X8 (Oregon Lines) Ai - -1977 3/~S
;
Gold 4X8-—i.i—1968 M H
f Gold4Xs-.-i—---..1969 A/N
»
25
-
i
'»
4
45
104% B. 7
1
105%
St Louis Dlv 1st g 4s-1951 j
Apr
;
104%
81% Jan
3%
106%
105%
Devel & gen 6Xs——..*.1956 4 0
J
Mem Dlv 1st g 5s—.....*1996 j
207$ July
107
Oct
15
104% Jan -2
16% Jan 3
3% Jan 27
127
544
104%
f
Mar
89
9
6
•
18
5%
,15
♦118
"m%
.1
99% Dec
8
93
6 X
101
5
July
Oct
Dec ;106%
88
Jan
113% Jan
11'
13
Feb 24
7%
10%
9%
31
,
Sept
;
Feb
.
_
-
102
38
.
16% Mar
80
Jan 22
2.X
4
5%
102
.21%
f 1%
,
.
65% Mar
91
16%
1
4%
17
40
86%
91%
83%
3
104
"'52
16%
10%-
703
6
96%
98%
38%
65%
84%
90%
6
50% Jan
Wrlgley (Wm) Jr (Del) .No par
77 : 'Dec
Jan
Prior
4H% series.. 100
pl4H% convser__ 100
Dec
6%
Feb
54
Wright Aero nautical...No par
26% Sept
H80
Feb
i; 25% July
Prior pref
95
48
5
Wilcox Oil & Gas Co..
3,500
197$
20
Prior preferred......
300
2434
-
$4 conv preferred.—No par
6,600
1,700
D$
-193$
•
White
4.
534
57
48
-
64%
64
White
300
•
2
51%
'
^
Mlg(Tlie 8S).20
Co.*———1
Rock Mia SprCoNo par
Sewing Mach Corp.._l
White Motor
1,500
1734
*134
1%
5%
$5 conv prior pref.-.No par
White Dental
200
51
*17%
4%
6334
49%
1,700
2%
2%
177$
20
20
20
19»4
25
I 2434
24% 25
19%
187$ *183$
187$
19
139% *120
13934 *120
140
129% *110
I2934 *110
130
*487$
No par
Wheeling & L Erie Ry Co. 100
20.3
5334
Prcd--No par
$4.50 preferred..
"
177$.
12.50
350
3%
21
*47
Westvaco Cnlor
203
*3
24%
52
Weston Elec Instrument.
403
3
117
Mar
121% Mar 12
3
6334
_.
50
preferred.————50
1st
10
'
60% Mar
13*1
9,
Westlnghouse El &. Mfg
100
2,900
64%
6
5
7
3
14
1% June
;
',
70
12
9,500-
Telegraph. 100
Western Union
6% 8ept
'm..Y
% Jan 12
23'$ Feb 18
16% Mar 12
14%
143$
1%
Mar
.
20%
17% Mar 13
65
Westlngliouse Air BrakeNo par
69%
47$
'
.
4,300
*66%
5%
13% Feb
13% Feb
-. 2% Feb
1,300
3,100
*131$
143$
.
Feb >2
19
3
11% Jan 15
1% Jan 6
%
253$
69%
14%
143$
134
1%
5*8
1%
Supply Co...10
Maryland---.—100
4% 2d preferred.......100
Western Pacific 6% pref.. 100
92%
243$
134
5%
-100
Dec
14
12
;..15% Sept
'
Jan
%
25
Jan
36
Jan
8ept
•
f
1% Jan 29
pf. 100%105
Co No/>ar
16
100
60
2%
*40%
4
Western
24%
'
Jan 16
74
39% Jan -8
Mar
200
*91
2%
2
Feb
2%
53'
24% Mar 10
Mar
Western Auto
1,800
*50
18
19% Jan 21
.57$ Jan '3
9
2.
69
6% preferred---
100
24%
5334
%; Dec
13%; Apr
,»«.,« Feb 18
11
2
69
West Va Pulp & Pap
02%
-
.
2
-
6%
-
-
Jan
-100
---100
West Penn Pr Co
60
3'4
.4% Jan .5 l
34
Feb 28 j 25% May
xl2%; Eeb
J5% Jan 22
:'.2%, Dec
3% Jan 20
% Jan
19
Jau
105% .Jan
96%,June
;3
Dee
31%Mar
15% Jan
class A.-No par
200
24%
*66%
*13%
14%
14%
No par
7% preferred
6% preferred-.-^
260
*91
69%
1334
5
22%
,
7
2
17%
%
17-3s
1
Snowdrift No par
West Penn El
260
24%
—
j $4conv preferred---i-No par
170
72 %
*50
*51
48%
100
60
214
1%
Wesson Oil &
400
92%
243$
*39%
*173$
117
139
*120
129% *110
*47
*131$
143$
5>$
47$
64
*20
105-
*66
2
*1%
*1%
5%
4-'%
*107
*107
135
*4834
2%
53%
19
5
5
*120
18%
67
1734
69 v 6934
6934
711$
122%
121% 121% *121
*26
27%
27% *26
27
27
*24%
*24%
104
104
104% 104%
22
*50
92%
2434
104% 104%
247$
69%
*65%
13%
■
9iii
Mar
7% preferred---------100
•
104
24%
300
■
104
*103
2
Pipe
Wayne Pump Co..
Webster Elsenlohr
130
*64
*l9
24%
*im
200
"900
*61
64
61
61
61
603.4
*61% 64%
103
103%
105
106% 106% 106% 106% a: 105
17 I *15% 17
*16
16% *16
16»4
16% *16
102% *100% 104% *100% lODt *100% 10434 *100% 10 434
14% B 14% 141m
14
14
14
141.4
14%
14%
3
2%
2%
*212' 234
*2%
234
234
*2%
6%
*53$ ;; 6%
6
6
*53$
5%
5%
*53$
17%
No par
No par
Washington Gas Lt Co .No par
Waukesha Motor Co
—-5
300
12G
12-3$
•
70
24%
*534
16
*15%
*12
70
14%
234
6%
234
!
Warren Fdy &
Jan
4
102
.
4% Mat
No par
{Warren Bros Co...
$3 preferred...!
26
% Jan
Feb 17
69
630
103%
+16%
16
300
900
6U$
101%
14%
*1%
*5%
*14
i
1
7% preferred--*
—100
Pictures..-.—5
Warner Bros
32
♦12%
'
18%
69
10
:
Jan
2% Mar
$3.85 preferred——.No par
1
1,000
6,700
72
99
18% Feb
<
1949 J D
*-."-.—-..1949
4s (Cent Pac coll) J-..
"v, 1 4s registered
6%
104%* 104%
o
South Bell Tel & Tel 3Xs
9% .Apr
6% De
157$. Dec
.
•
65
irSl
70
-No par
Class B.——
34
24
2
xl8%
65
Ward Baking Co cl A -No par
100
5
♦I*i«
130
*I7«
*80
W Ltd No par
No par
Dlv redeem pref.
900
32
16
*12
3% Feb 18
31% Mar 12
14
Jan
5
*23
32
*15%
*60
■
1
-No par
Walk (H) Good A
300
'
,'
1634
*69
233$
•
16.
12%
12«4
187$
697$
:
12%
16
2
*65
3214
5
70%
*7$
23%
-
24-3$
3
.7% Jan 17
6% Mar
J
1963 a
South & Nor Ala RR gu 5s
June
30% Jan 26
1°
1684 Mar 3
Walworth Co
1,500
15
*%
1634
47$
16%
-
701.1
>5|6
»i«
*12
130
*18%
*65
74
*30%
18%
*17$
*80
434
♦24
"32%
18%
16%
47$
.434
*70>4
500
■
32
147$.
*2l»
-
16% *10%
*70%
*3Uf
-
•
47$
700
-v
•
•%
47$
*097$ 1Q314 *997$ 103%
;
41$ '*'.4
41$
4%
31%
31%
31%
31%
*14% -147$ '*141$
147$
3
3
*2%
,£ *2%
84
♦X
*% ■; ' %
1..—.100
System.——-No par
Walgreen Co.
No par
4 X% pref with warr
100
26% Jan 19
Waldorf
200
124% 125
-
i
24
1C2
j
*...
Skclly Oil 3s debs
Mai
Wabash RR pref w
2,600
07$
*034
167$
167$
*997$ 103%
41$
41$
,
17
17
27»4
27%
277$
67$
a
1961 J
2%ss fdebs
Southern Pacific Co—
273.4
O
1950 f
6X
"«5X
{
W
2734
T
-
12
9%
8%
5%
5%
95%
98%
33%
101X
•33% Feb
105 : Nov
Feb
9
23 X
■
J
,23% Sept
-,De<!
.
5
A
♦Gs Series B certlficates.....l935 F A
.42
30%; Dec
.
s
F
Shell Union Oil 2 Xs debs.—.1954 J
2%
Dee
11
Jan 29
v
27% Sept
■
20
31% Jan 20
29% Jari .7
7.X
6 X
6X
9%
8%
23%
8X
-
Aug
{♦Seaboard All Fla 6s A ctfs.-.1935
*21%
*1%
'
-
-
2 X
BdH
7X
M'S "*9X
....
.***-■'
♦2
,
Mar
Aug
101% 101 %
5
,4
% •Adjustment
July
66
53% Feb 19
1950
*
♦124
4
7%
11
101X 102 %
99% 100%
10
100%
101»« 101«sj
1989 MN
•
39% June
2%
65
11
102%- 102% r-"2
{Seaboard Air Line Ry—
§*lst g 4s unstamped
^ B$ Aug
Apr
15%
100
5% preferred
Jan
*u
15
6
3
2
7
30
57
965
15%
Scioto V & N E 1st gu 4s
25%
1734
10U
86%
i;
if's
♦Certificates of deposit....*..
San Antonio Pub Serv 3Xs—.1970 M S
Santa Fe.Pres & Phen 1st 5s...1942 M S
*23%
17%
.•55
{St Louis-Southwestern Ry—
.
"
162
79
3
17
♦Con M 4 Xs series A——.1978
♦Ctfs of deposit stamped...
,Jau
.
74
69%
33
j""j
t.
Jan
Sept
16%
May
140
lien 4s A....1950 J
pr
♦Certificates of deposit-——
♦Prior lien 5s series B..——1950
Jan
8ept
62
437$.Nov
6
67%
74
44 X
14%
14%
15X
Nov
Jan
"11 Jan 19
1%
1%
Jan
J
48
70%
70
♦70
*
"
Jan
Mar
Jan
•:
gu
St L Rocky Mt & P 5s stpd...1955 J
Jan
130
%
>1
11
St L PubServ 1st mtge 5s.....1959
Apr
Jan
70%
i.
7
.
46%. Jan 14
7
4
fob
150
Dec
24
Jan 21
43%
28% Sept
58
55% Jan 3
119% Jan 13
13
43X
103% Sept
13%
•:
Jan 19
70 X
j"j
4s
g
♦Certificates of deposit-
2% July
Dec
Dec
71
Mar 11
148
%
51% Jan 14
—
42% Mar 12
45
Apr
17% Jan 14
Mar
49%Mar
Ar0 Par
-—100 111% Mar
17% Mar
No par
—25
Mar 11
1933 MN
5s..1948
♦§ltiv A G Dlv 1st
t*St L Peor & N W 1st
Sept
26
18%
72% Jan 16
13% Mar
65
Feb
1
% \iar
Corp
1
United Stores class A
-.5 *'A 7i6 Feb
42
Mar
$6 conv preferred— -No par
13% Jan
Unlversal-Cyciops Steel Corp 1
Jan
Universal Leaf Tob..
-No Par a:49
14
*133$
*148
152
------- —-
U 8 Tobacco Co
"Vv 400
44
*40
49%
;49%
*148
*150% 155
'V'1 \o
14
*133$
50
152
Preferred.
7% preferred
1316
44
-50
Preferred/———
47%
%
*391.,
15
*13%
50
;
*40
;• • %
*71(!
1fl
*%«
15
*13%
50
148
49
4934
152
Mar
United Stockyards
«4
'
15
*13
*49%
f 348
54
13%
1%
4
8% 1st preferred
.100
U 8 Smelting Ret & Mln.,-50
800
57
181m
7
25% Feb
Jan
Feb
30
14
113%
42
111
24% Jan 25
55%
437$
471
-
23
4% Aug
2%; Dec
5% Apr
10% sept
Oct
54% Feb 105
20% Dec i 317$ Aug
34% Feb
25% Dec
37$ Jan 20
10% Jan 2
Jan
.Jan
27% Jan
13%
*44%
*34
1m
%
\
7
21
555$
42%
*17-%
1
2% Jan
99
1
{U 3 Realty A Impt...No par
U 8 Rubber Co
--10
Plywood Corp
14%
113
13%
47%
28
22%
7$ .V , 7,
55%
59%
113% 1133,,
Foundry
Card Co
200
*21
551,
50%
5934
113l2 113%
18%
*18
U 8 Pipe A
1,300
3:27%
13">$
49% 50V,
11'3% 1131m
100
20
10
Prior preferred
21
511M
*65
Partio A conv
800
"
24
29%
21
No par
clA--.No var
U 8 Leather Oo
3lo
9
*109
23%
293.4
23%
*287$
23%
*191.1
21
21
*2.%
3
9
113
9
9%
*8%
113
"108
*109
113
2934
24%
«
9
+
113t4
*109
3%
*284
918
87S
115
*2834
;
3>8
*234
9l«
91s
*109
'
Union Elec Co of Mo 3%s.„ .1971
108
A/N
.1945 a
G
Union Oil of Calif 6s series A. -1942 F
a
3s debentures — .—---— .1959
A
{{♦Union Elec Ry (Chic) 5s._
f
3s debentures—-—
— —
F
.1967 J
%-109
8%"*
99 x
j
'
8%
100
99%
,100%
90%-■
96%
108 X 1H%
6
8%
10013i»101'3»
,
-
102%
90 X
99%
90%
Union Pacific RR— '
f 1st A land grant 48—J—. .1947
J 34-year 3X8 deb-.——— .1970
.1971
35-year 3X« deb—
1
A
3X» debs
*
O
w
"
-1
—
97 x
109%-'109%
97%-
97%
97-—
97%
104 X
d
.1955 4-0
-
104%-
104%
*
106%
106%
_
109% 111
98%
98
105 X
106X 107
96%
X
103%
90
74--*'
75.
69
93 %
93%
95%
93 X
-----
United Cigar-Whelan Sts 5s. .1952 a -o
United Drug Co (Del) 6s. — .1953 Af s
Jan
X
MN
Ref mtge 3Xs ser A--*—.. -19.80 J
United Biscuit
X—c
j
♦104%
X--
U N J RR A Canal gen 4s... ..1944 Af s
.
-
~
105
-
•
75X
97 X
104% 105
United States Steel Corp—
•
18
11%
*120
6%
3234
*30
*10%
18
1134
122
6%
33%
8334
10%
*18
18%
11%
120
11.7$
120
1%
33 $
*80
6%
33%
83%
*10%
10%
18
11%
120
6%
33%
*80
10%
13%
117$
*18
117$
120
*120
13%
17%
1134
12
120^4 *120
6%
34
33 U
33 >8
83%
80
80
*78 '•$
10%
10%
10%
*l()i$
*6
6-3$
*6
"
33%
18
*17%
18%
800
12
12
12
4,900
121
+120
121
90
*6
6->$
3334
337$
8334
10-3$
+80%
*10%
6%
34
400
7,000
Yale & Towne Mfg Co
120
Jan 12
84
15% Jan
11 >$Mar
111% Jan
5% Jan
100
Preferred
Young Spring & Wire..No par
Youngstown 8 &T
No par
82%
200
5preferred series A. 100
10%
300
Youugst'n Steel Door..No par
3i%Mar
78
19% Feb
2
7
3
2
6
25
Yellow Truck & Coach cl B..1
101$ Mar 11
4
13% Jan 14
Feb 13
7% Jan 19
Dec
15
10% Dec
109% Dec
29
Jan 14
76
12% Jan
5
Jan
17%
Jan
120
Jan
.
Dec
42%
Dec
95
.75s—...i—May
.8/53—1—...Nov
-
9%
Dec
18%
Jan
1 1943 MN
*100,
1 1943 MN
1.25s.......-.-..May
Aug
1
1 1942 MN
1.125s—--Nov
Jan
;
'
1.00s..May
+
12%, Jan
Dec
5%
37% Jan 13
22%
Serial debentures
1.375s
1.50s—*
1.625s
*
1 1942
1 1941
MN
X
•»* -
~
-
-r
1
-
-
-
-
«!
»
MN
1 1944 MN
Nov
-
.....May
•
X
-
J
-
♦100%
100% 100%
100% 100%
*100%
*100%
*100%
100%
100%
*100%--
1 1945 MN
.Nov
•
—
*100
1 1945 MN
1.75s..
♦9%
9%
9%
*1%
2
1h
6
"
*811 and askel prices; no ulae
9
9%
*
oa
1
61
9
17$
'5
i'fll
*
tali dxj.
17$ 1
*834
2
«
9%
2
4J
t lu recclvcrsnlp.
♦834
2
A
a
9'$
2'$ l
<u
600
2,200
Dcf. delivery,
Zenith Radio Corp
Nd par
Zonlte Products Corn..
.1
OUUllC riUUULUJ 1-/UI
1
n New stec*.
r Cua
sale,
8% Feb 19
*8 JMD*
17$ Jan y
9
x K(-dlv.
g
10
Jan
5
2% Jan 26
Ei-rlgute.
8
Dec
157$
Apr
1%
1 a
Apr
"Ft
3%
w 6
Oct
H Callea for redemption.
May
1 1946 MN
101
101%
1.80s
Nov
1 1946 MN
100%-
100%
101%
100%
101
1.85s
May
1 1947 MN
*100%-
1.90s
Nov
1 1947 MN
*100%
For footnotes see page
1097.
100 x 100%
100% 100%
100% 100%
101
101%
100% 100%
100% 101
100% 100%
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume>155 ^Nunjber 4055
s
UM-,i
NEW YORK BOND RECORD
f? T?
v;
~ *.
■i
Railroad 3e
Week's
lAlSl
Range or
Sale
Friday's
t .."••-<<'•
v
N. Y. STOCK EXCHANGE
Week Ended March 13
Nft,
Price
tidus: Cos. (Con.)
-
Bid
BONDS
Range
13
<ft ' Asked
Low
■No. Low
High
2.10s............Nov
2.15s...
.....May
11949 MN
1 1949 MN
1 1950 MN
+m%
*100%
*100%
*101$*
*100$*
2.20s............Nov
1 1950 MN
100 %.
2.25s..;.........May
1 1951 MN
100%
2.30s
!
...Nov
11951 MN
2.00s... .......'..Nov
t
2.05s..-U;—--May
;
,
2.358............May
101$*
101$*
101$*
100$*
100$* 101$*
100
100$*
ioi$*
100$* 100$*
ioo$*
ioo$*
100$* 100$*
ioo$*
ioi$*
100
101
2.408j
.......Nov
1 1952 MN
2.45s.......
May
2.50s........;...Nov
2.558.......
May
1 1953 MN
1 1953 MN
100$*
ior
ioo$*
101
100$*
100$*
1Q0$*
100$*
2.60s
.......Nov
1 1951 MN
11954 MN
*100$*
i',
2.658............May
11955 MN
*100$*
100$*
United Stockyards 4%s w W..1951 A
Utah Lt & Trac 1st A ref 5s... .1944 \
O
91%
99%
Utah Power A Light 1st 5s. .—1944 F
A
99
O
91X
98$*.
1; 98$*
101
100$*
102
No. Low
;
94
70
99$*
31$*
.1941
.1971
VandallaRR consg 4s series A.1955
Cons s f 4s series B.1957 MN
J
5s.....2003
A
O
1st cons 5s..__....1958
Virginian Ry 3% series AJ...1966 M S
27$*
75
69
93
91
9$
25$*
1955
1955
Vo
i
o
24
26$*
38
24
83$*
81$*
101$*
46$*
101$*
14
-47$*
30
44$*
44$*
44$*
4
*103$*
103$*
112$*
25$*
25$*
11
22$*
33
22$*
26$*
26$*
22$*
27$*
100
26$*
■-•
"26$*
5
85 J*
37
100
S
100$*
98%
95$*
95$*
23
West Va Pulp A Paper 3s.....1954 J D
Wheeling & Lake Erie RR 4S..1949 M 8
112$*
Wheeling Steel 1st 3$*s ser B..1966 M
10
37
37
92
92$*
Wilson A Co 1st M 4s A—,—1955
Conv deb 3$* — ..
1947
34
32$*
32$*
84
82$* 88
81$* 85 J*
100$* 101$*
77
45
50
40$*
47$*
105
102$* 103$*
112
114
92
95
93
104$*
*102$*
104$* 106$*
100$* 103
114
114
105$*
103
*113
45$*
*43,
14$*
*4$*
"47$*
221
15$*
*70
Wisconsin Eleo Power 3$*s...l968
109$*
Wisconsin Public Service 3%s.l97l
{♦Wor A Conn East 1st 4$*S—1943
K'-a- '•»
109$*
105$*
{♦Wis Cent 50*yr 1st gen 4s... 1949
I
♦Certificates of deposit.,'.,.-..
{♦Su A Du dlv A ter 1st 4s—1936
45$*
"l5*$*
MN
♦Certificates of deposit.......
*12"
47$*
37$*
5
37
45$*
16$*
9
9
....
14$*
108$*
110
105
108$*
15$*
31
Youngstown Sheet & Tube—
1948 M S
Cmv deb 4s
1st mtge i f
A
High
20$*
20$*
79$*
32
86
99$* 101
95
100$*
81
99$*
1
48
128
345
28
83$*
55
100$*
96$*
30$*
29$*
81$*
83$*
83$*
85 J*
........— —
28
26$*
26$*
25$*
25$*
*26$*
26$*
85$*
M S
71$*
Washington Cent 1st gold 4s.. 1948 Q M
70$*
75
107$* 109
73
108$*
3 $*s. 1945
F
*
Gen mtge
SO'*
A
1945
Wash! igto l Term 1st gu
3 $*s ser D—
—
101$*
—1960 MN
99$*
101$*
101$*
99$*.
99$*
101$* 102$*
09
100$*
37
*105$*
120
D
107 $*
Ul$*
110$*
90?*
110$*
110$*
85
Western Maryland 1st 4s
1960 /
1952 A
J
79
O
89$*
89%
1st A ref 5 V*s series A
1977 J
West N Y & Pa gen gold 4s... 1943 A
.1
99$*
O
84$*
85$*
78
42
42
35
85$*
43$*
41$*
42
34$*
119!-* 121$*
107$* 109
109$* 110
10'7$*
\f 8
84$*
1st mtge 3 $*s series 1
107
d Ex-interest, e Odd-lot
» Under-the-rule sale not Included in the
Cash sale not Included in the year's range.
{ Negotiability Impaired by maturity. 1 The price represented is the dollar quota¬
tion per 200-pound unit of bonds.
Accrued Interest payable at the exchange rate
a
Deferred delivery sale not Included In the year's range,
sale not included In the year's range.-
year's range,
D
1967 J
3$*s
West Penn Power 1st 5s E....1963
84
69$* SO
105$* 105$*
A
Westchester Ltg 5s stpd gtd...l950 J
Tf$*
1
28$*
27$*
37$*
Warren RR 1st ref gu g 3 J*s.. .2000 F
w
*0118 of dep (reorg mgr)
28
23$*
37$*
*01(8 of deposit (assented)..
1st 40-year guar 4s...
84%
24
1
j
75
232
Since
Jan. 1
No. Low
"46$*
31
30$*
Range
a
-
108
tWabash RR Co—
v\ :T v,';•
§♦ 1st gold 5s...'...........1939 MN
;
♦Ctfs of den (reorg mgr)..
{♦2d gold 5s.......
-..1939 f"a
7
27
.1991 j
•77$*
a
0|&5
High
32$*
32$*
83$*
85,%
83$*
MS
..—1946 M S
30-year 5s
1960 MB
WestinglioURe El A Mfg 2$*s..l95i MN
J
West Shore 1st 4s guar.......2361 J
Registered .:.
.........2361 J J
75
*91
»:
27$*
27
48
{{♦Warren Bros Co deb 6s...1941
109$* 110$*
72
*71%
35$*
47
Warner Bros Plot 6s debs.....1948 M
J
102
47$*
♦Ctfs of deposit (assented)..
75
38$*
81
77$*
50
39$*
76$*
T ♦Ref & gen 4$*8 series C..—1978 AO
6s debentures
109$*
89$*
45$*
j
j
;
§2
Asked
&
33$*
32
j
*Ctfs of deposit (assented)..
Walworth Co 1st M 4s
109$*
*80$*
75$*
90$*
40
27
31$*
.1981 ./
♦Ref gen 5s series B.^......1976 F A
1
t
A
Va Elec A Pow 3%s ser B.—.. 1968 M .S
Va Iron Coal A Coke 1st g 5s.. 1949 M R
89
89$*
Bid
Low
Foreign Govt. & Mun. (Concl.)
{♦Western Pacific 1st 6s ser A.1946
37$*
89$*
Price
Western Union Teleg g 4$*s...1950 MN
25-year gold 5s._———
1951 J D
69$*
*38J*
Friday's
Winston-Salem S B 1st 4s.....I960
98$* 102
9,8$* 101$*
99$*
89$*
Range or
Sale
High
♦5s assented
♦Ref A gen 5s series D—....1980 AO
F
(
.
*69$*
♦Ctfs of deposit (assented)...
V
f':;;g
High
Jl
Week's
Last
I?
N. Y. STOCK EXCHANGE!
Week Eaded March 13
v-i'-
.1954
{♦Wabash Ry ref A gen 5$*s A. 1975 M S
;
;
Asked
&
Since
Jan. i
101 $*
101
103$*
91 J*
97$*
103
—
{♦Toledo & Chle Dlv g 4s~
♦Ctfs of dep (reorg mgr).
1st mtge 4s series A
Gen mtge 4s series A.—...
Gen mtge Inc 4$*s series B;
ioo$* 103
101
1st Hen g term 4s.——.
{♦Omaha Dlv 1st g 3J*s... .1941
♦Ctfs of dep (reorg mgr).
101 $*
101
♦
{♦Det A Chic Ext 1st 5s—
♦Ctfs of dep (reorg mgr). .1941
{♦Des Moines Dlv 1st 4s—•
♦Ctfs of dep (reorg mgr). .1939
1011*
100'* 100$*
100$* 102
100$*
*100$*
100$*
<\
Va & Southwest 1st gu
Bid
Low
♦Ctfs of dep (reorg mgr).
101
101
11952 M.N
i
!
100%
5
icfo
'
j
Price
BONDS
Range
.
{Wabash RR Co (Concluded)'
1'1948 MN
11948 MN
May
Friday's;
Railroad & Indus. Cos. (' 'on.)
r
High
Range or
Sale
&
Week Etded Mirch 13
Jan. 1
05
Friday
■Last
51
-STOCK EXCHANGE
N. Y.
Since
'United States-Steel Corn (Con.)-r
Serial debentures (Concluded,)—'
1.95s.i.
Week's
Friday
Friday,
BONDS
I'
109?
110$* 111$*
88
91$*
97$* 102
103$* 104$*
r
of $18484.
{ Companies reported as being in bankruptcy, receivership, or reorganized under
Section 77 of the Bankruptcy Act, or securities assumed by such oompanles.
♦
Friday's bid and asked price.
♦
Bonds selling flat.
44$*
99
103$*
100$*
103$*
No sales transacted during current week.
m
ii|SiP:;t;-NEW; YORK; "CURB EXCHANGE
WEEKLY
NOTICE—Cash
footnote
;
week In which
the
they
occur.
disregarded in
are
the
a
AND
YEARLY
RECORD
week's ranr.e unless they are the only transactions of the week, and when selling outside the regular weekly
sales in computing the
account Is taken of such
No
In the following extensive list we furnish
v:
last
*
in
deferred delivery sales
and
tended to include every
Weeks' Range
bond, in which any dealings have occurred during the current year.
of Prices
Low
High
Week
Price
STOCKS
Last
Week's Range
for
(Continued)
Sale
of Prices
Low
High
Low
Shares
Par
High
Price
Amer
Shares
Low
19
Class B—————1
20
5
4
20
5
$*
200
-Jan
20
,100
Mar
2%
2%
Mar
r
4$*
Jan
.
4
Jan
6$*
1$*
Jan
Jan
1$*
Feb
Mar
30
77%
a:99$*
Jan
Mar
Jan
5J* j.. ,300
: 7
Utr investors common—.2
; Conv preferred
10
Common.
Class A
Mar
Mar
Feb
Jan
$ 5 preferred.......—*
Assoc Laundries of Amer.*
Jan
81 $*
82$*
*99$* 106
100 x
120
preferred.———-
Alles A Fisher Inc confl—
Alliance Investment——.*
1
Ja-i
Assoc Tel A Tel class A-
2
*
18
100
18%
22
22
21$*
"14
Feb
19
Jan
Aluminum Co common—*
90
550 illO
1,300
xll() ,111%
6% preferred.
105
Feb
Mar
114$*
Jan
12%
Jan
Jan
5%
Jan
(B F) A Sons com.5
6% preferred w w——25
6% preferred x-w
25
American Book Co....
77
Jan
Jan
1
%
20%
Ja
Jan
24
100
3$*
Jau
4
$*
Feb
200
®»2
Ja <
7$*
65$*
Jan
8
Pels.
Purch
Ja.i
68
Feb
7% pieferred
14$*
Jan
Jan
Bariow A Seelig
4%
4,%.
T
25
50
22
<
Jan
Feb
Jan
27 %
3%
400
3
Jan
3%
V,
1.600
%
JViar
"13% "ii"
""200
13$*
4$*
Jan
Mar
5%
1,100
""3%
3$*
""500
3
3
12$*
3
300
12$*
12$*
50
10c
|3 preferred-.
*
15,50 prior pref
f—*
Amer Cities Power & Lt—
Conv class A—
25
Class A.—-—25
,
B
$*
-
8
6%
1,225
450
5$*
5$*
Mar
Mai-
hi
-
800
$*
Mar
$*
32
19
Class A common
32
40
10
30$*
30
32 %
3,500
30
Lines com.. 1
19$*
18$*
19$*
3,900
18$*
Mar
200
jm
Jan
t14
—
M
ar
Amer Fork A
Hoe com...*
11
Feb
Elec—-10
15$*
15$*
16$* ; ; 5,400
15$*
Mar
4$*% preferred-.—-100
Amer General Corp com 1 )c
$2 conv preferred ..... 1
i' $2.50 conv preferred—1
Amer Hard Rubber Co..25
Amer Laundry MacU—20
96%
95
98
95
Mar
275
SI.20
1$*
100
12%
19%
14
.19%
1,550
12%
Jan
Mar
500
18%
8%
.9,.
1,400
*1$*;
1$*
*
varrants for com.
25
25
3%
26%
ronv
3 X
30
3$*
29%
30
,700
Jan
$1.60 preierred
Jan
2%
Feb
com—.25
3
3
%
Jan
3%
Feb
Burco Inc >3 pref
Jan
3%
Jan
;
6% preferred--—.—-25
Co common. 100
Preferred.-i
---100
A mc r M ar aoalbo Co..... 1
Amer Meter Co.—1——*
Amer Potash A Chemical-*
jTioT "i'jj*
Amer Mfg
'
....hi
American Republics..-.10
Amer Real'Kap common. .2
Corp com ♦
$6 preferred
Am superpower
'
$6 series preferred..—.*
American Thread 5% pf--6
Amer Writing Paper com.*
(
Anchor Poet Fence
--—2
61%
5%
5
;
!
...
i$* \
.
""ioo
12$*
Mar
13$*
Jan
13
Jan
22%
4$*
35
Bell Aircraft Corp corn...1
Jan
Bellanea Aircraft com.... 1
$1.50
pref
couv
28%
Feb
3%
Feb
Benson A Hedges
18
Jan
Jan
i$*
Mar
40$* <39% 42%
1$*
i$*: 2
2$*
2$*
2%' 2%
2%
2%
%
27%
61%
Mar-
5
1
7%
Mar
J*
-
M ar
'
Jan
6%
2$*
3%
3$*
8%
14$*
2%
9
15%
3
114
114
100
2.800
1,700
900
10
Bliss (E
1
13%
1
pref..—*
1
^3 opt conv
300
Jan
heb
2%
Jan
3%
8%
Jan
4%
8%
Feb
Jan
Feb
Jan
22
7%
Feb
Jan
9%
16%
Mar
14$*
2%
Jan
3%
Brazilian Tr Lt A Pow...*
1%
;~T$*
8$*
""ioo
>
Feb
9
Jan
APPalaidilan Elec Power—
;
4$*% preferred..—.100
95%
98%
170
95%
Mar
103$*
108
Jan
Mar
Jail
117
Jan
•
32%
Mar
Jan
7ie
9
Jan
..% v..%
%
-,3lt
6$*
7
1,000
%
$*
6$*
Mar
1
Jan
2,100
Mar
Mar
Breeze Corp
common--—1
%
6$*
$7 pref...*
7$*
7$*
100
Ashland Oil A Ref Co. ... 1
4$*
"*4$*
"200
Art Metal Works com
Assoc Breweries of
Can..*
For footnotes see page 1100
Feb
Jan
Jan
3$*
Jan
5%
4%
Feb
8
83
1
5
Corp
6$*
5
600
Jan
1$*
7%
87%
13
Jan
13
Jan
Jan
Bridgeport Gas Light Co.*
Bridgeport Machine
Preferred..
.100
Brill Corp class A
Class B—
--*
10
38%
'""13$* "14"
l",666
13%
Mar
$i
1,800
6te
Feb
30%; 31$*
.400
30?*
4%
.100
4%
8
Jan
7% preferred.—.—.100
Bnllo Mfg Co Common— .*
Jan
8,%
Mar
12$*
Jan
25
12$*
$*
Mar
13
Feb
Feb
$*
Ffeb
%
Jan
$*
Jan
4ie
Jan
*i«
Jan
2%
2%
300
Mar
3%
1
Jan
1.$*
1$*
700
1$*
Jan
1%
1%
17$*
17$*
25
15$*
2$*
400
Cla*® A.—
—
—
2$*
Feb
Jan
Jan
Jan
17%
2%
Jan
2%
Jan
Feb
2%
2 %
Feb
1
5i«
Mar
Capital City Products...*
S$*
Jan
17$*
Feb
V
2
Colonial Airways...!
2
Canadian Dredg A Dock.*
2%
*
*
Class B non vot
Jan
Canadian Industries Ltd—
100
7%. preferred
Canadian Marconi
Carman A Co class B
38
37$*
Jan
Feb
38$*
400
"95"
""16
Carrier Corp common...1
Carter (J W)
5$*
1,500
37$*
Mar
42
Jan
107
"95"
*
Jan
Jan
$*
12
*
Carnation Co common...*
Feb
111$*
95
Mar
103$*
Jan
Mar
Jan
Feb
Casco Products...-i....*
Jan
Jan
Feb
Jan
4
5%
4$*
6%
"5%
Co common. 1
$*
Jan
6%
6%
5%
2%
6$*
Jan
3%
Jan
7%
Jan
Jan
'
Feb
3
30%
$*
4%
5
Jan
Catalln Corp of Amer
1
Jan
Cent Hud G A E com
-
41%
80
35
Feb
5
9
6$*
10%
2%
Cent N Y Pow 5% pref. 100
Jan
200
Jan
Jan
41%
Jan
32
Mar
6%
Jan
$*
Jan
Jan
F'eb
10,200
4%
Jan
2,500
8%
Feb
*i«
6%
10%
70
74
Feb
85
Jan
.7%
200
7
Jan
8
Jan
99
Feb
107
{Cent States Elec com.—l
Jan
2
79%
7%
Cent Pow A Lt 7% pfd 100
Cent A South West Util 50c
Feb
Jau
76%
1
Feb
35
hi
6
2%
Cent Maine Pow 7% pf 100
Mar
X
1%
6$*
10$*
2%
*
Feb
16%
%
•
30$*
5%
41
7$*
m
7x
6,100
6%
2$*" "1*266
1%
52
"""266
Feb
Jan
20
""2"$*
Jan
6% preferrred
7% preferred
Conv preferred
$*
>16
>16
$*
$*
Cessna Aircraft Co......1
10%
.2,400
Jan
Jan
8%
20%
2%
57%
3$*
2%
49"
*49% ""Ioo
Jan
10$*
Jan
-Jan
$*
Jan
Jan
♦ie
Feb
9% Mar
2% Mar
Cherry-Burrell common..5
Chesebrough Mfg.
—25
Chicago Flexible Shaft Co 5
Chicago Rivet A Maoh—.4
3%
Charls Corp common... 10
Mar
Jan
Jan
Jan
55%
F'eb
13%
31$*
Mar
14%
31$*
Jan
Jan
..
1
11%
3
Jan
Jan
Jan
F'eb
Jan
44
$*
$*
Jan
Jan
Feb
Chamberlia Metal Weather
2$*
616
Jan
$*
225
9%
Jan
•31
50
'29.100
Mar
X
Jan
300
$*
$*
Feb
1,050
>16
100
Conv pref opt ser
Jan
*u
'ate
100
100
Mar
he
2$*
*
'Jan
,
3,100
Strip Co....———.5
Brewster Aeronautical.—1
.
Jan
Mar
7% partic preferred...25
Jan
%
F'eb
Jan
[ Arkansas Nat Gas com ; . *
Common cl A non-vot--♦
6% preferred-10
Jan
Feb
Jan
7% 1st. preferred..-.100
$5 2d preferred
*
jan
15$*
91%
Jan
Jan
Jan
Bowinan-Bittmore oom... *
-
79
50c
Cent Ohio Steel Prod
2
200
2,900
Jan
7%
6%
$*
W) octamon
Blue Ridge Corp oom
Jan
Jan
12%
100
Jan
7%
38%
Blauner's common
<
2%
Jan
2$*
Mar
600
,
Castle (A M) common.. 10
3
48%
39$*
700
Jan
1
Feb
200
*
*
Jan
Jan
Mar
1$* Mar
2$*
Jan
350
5jj
Feb
Canadian Car A Fdy Ltd—
Jan
Jan
8%
12$*
Carolina P A L $7 pref—.*
-*
2%
he
Mar
30
*
Bohack (H C) Co com.;.*
7% 1st preferred
100
Borne Sorymser Co
25
Bourjois inc..
*
700
Jan
40
% °Z> nref shs £1
Jan
Mar
100
A Machine Co com
Jau
Feb
Jan
Feb
Mar
Cable Elec Prod com..50c
Jau
4%
33%
3%
Feb
>ie
150
250
$2.50 preferred
Mari-
Jan
Arkansas P A L
8$*
12$*
Callite Tungsten Corp.—1
Canada Cement Co Ltd.*
—*
Blumenthal (S) A Co
T
lu
Jan
Mai
13%
80%
California Elec Power... 10
Birdsboro Steel Foundry
Jau
AngoBtura-Wuppermau. .1
APex Elec Mfg Co com...*
Aro Equipment
79
Burry Biscuit Corp..l2$*c
$6 preferred
Jan
85
61%
.100
3
1,000
Blckfords Inc common...*
Jan
20%
Jan
Jan
"38% "39"
12%
*
Jan
28%
Mar
com...*
Conv preferred
Jan
9i«
21.
2,000
Feb
Jan
.25
.
25
22
15%
2%
Bell Tel of Canada....100
32
Jan
150
11%
35%
X
11%
2%
Feb
5
5%
Beech Aircraft Corp.....1
Mar
53
Jan
Jan
Jan
3%
20
Jan
Jan
11%
26$*
Jan
%
"
39
26
Class A voting
Jan
21%
Feb
1,000
Jan
hi
F'eb
29%
10
2$*
...100
1,300
.21
.21
.612*
f
1st
1%
X
Canadian Indus Alcohcl—
Beau BrummellTies Inc. .1
12$*
Mar
Mar
Jan
Burma Corp Am dep rcts._
150
200
Vs
7
5
A com
20%
Jan
8%
25$*
18%
79%.
Jan
Feb
47
Bunker Hill APullivani 50
3$*
2$*
Can
Jan
26-
Jan
2
1%
7$*
Vs
$5 1st preferred.—...*
2,600
Berkey A Gay Furniture.1
Amer Lt & Trac
30
Jan
Feb
Mfg—
Feb
29$*
12$*
10%
100
103
Buff Niagara A East Pow
6%
7
Baumann—See "Ludwig"
Jan
Jan
Feb
104
Mar
1%
Bruce (E L) Co common .5
Buckeye Pipe Line
16%
Jan
Baldwin Locomotive—
Beamilt Mills Inc com..
American Gas A
%
Mar
8%
Brown Forman Dlstllleis.l
A m den 5
Babcock A Wilcox Co
Jau
41J*
24$*
Pow warr...
CIbbsB n-v
%
200
X
Cables A Wireless Ltd-
Basic Refractories Inc.-.l
Amer Foreign
Jan
v
1%:
$6 preferFtd—
*
Brown Rubier Co com..1
Vot trust ctfs
Feb
Jan
Amer Export
Feb
8
8%
1%
*
Jan
B
Mar
%
9
Axton-Fisher Tobacco-
Baldwi i Rubber Co com.l
55*
5H
--1
Cyanamid class A. 10
Class B
Amer
.....
Mar
13
Ayrshire Pat ok a Collieries 1
Feb
%
$*
X
Calamba Sugar Estate-.20
on..._10c
-
Common class
Feb
50
9%
British Col Power cl A.
Brown Fence A Wire cam. 1
1%
5%
American Capital—
Class A co«n
9%
onf reg—10s
Jan
Jan
$*
Jan
Jan
dep rets ord bearer £1
7»
7
5%
Barium Stainless Steel—1
13
Board Co co'ni.l
j
Jan
96
100
3$*
Warrants
Jan
Feb
109$*
Jan
3%
Automatic Voting Macb..*
Mar
150
76
Mar
3
Automatic Products.....1
Jan
90$*
American Beverage com..
Amer Box
com...5
Plywood Corp.. —*
Mfg.....*
Auburn Central
4$*
74%
<74%
106
1,900
Atlas Drop Fcrge
100
Aluminium Ltd common.*
50
' 3$*
3$*
25
%
Mar
12$*
85
87$*
100
Aluminum Goods Mfg.;.*
Aluminum Industrlescom *
106
106
3$*
Atlantic Ccast Line Co..50
Avery
Mar
106
■.
Atlas Corp warrants
Jan
22$*
85
;
Feb
1%
Jan
18
13%
—
Am dep rets crd reg...£1
Am dep rets
Feb
Mar
$*
%
High
Jan
11%
British Celanese Ltd—
Jan
Feb
Mar
Ain
j
Amer Tobacco
Class a preferred-
pref...100
Lt 6% pf .100
Atlantic Rayon Corp.—.1
Altorfer Bros common...*
preferred—
•
Atlas
$*
-
100
X
$*
50
Low
Shares
Coast RR Co
Atlantic Coast Flsher.es.. 1
I.
Allied Intl Investing— -t
13 conv preferred——*
Allied Products (Mich)-10
Class A conv com...".26
Feb
Jan
Price
*
'
Jan
$*
Jan
hi
%
*
Jan
97
-
-
*«
Jan
3,200
A
Feb
107
Jan
-
Mar
Jan
I
—
Atlanta Birmingham
Jan
!u
83
—1
-.....
Atlanta Gas
Warrants——————
^Alabama Gt Southern..50
.Alabama Power Co |7 pi.*
$
i
1$*
91$*
2$*
5i*
;• 7
(..200
500
Mi
Aircraft Access Corp.. .50c
5$*
5$*
8$*
1$*
'it
Alnsworth Mfg common—5
Air Associates lnc (N J).. 1
Feb
20
Week
Mar
Britisn
Mar
22$*
for
of Prices
Low
High
Par
(Associated Gas A Elec—
Acme Wire Co common. 10
Week's Range
Sale
High
s
AeroSu pply Mfg Class A -1
Last
British Amer Oil Co
£1
dep rets reg
Range Since Jan. 1
STOCKS
(Continued)
Range Since Jan. 1
Associated Elec Industries
^
Sales
Friday
Week
Range Since Jan. 1
;
Sales
Friday
for
Sale
Par
or
Sales
Last
6%
a
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday
security, whether stock
Friday
i
shown In
are
(March 7, 1942) and ending the present Friday (March 13, 1942). It is compiled entirely from the daily reports of the Curb Exchange itself, and is in-
STOCKS
S6
range
for the year.
range
Jan
Jan
9$*
74
51
49$*
4%
9$*
74
51
4%
25
50
Jan
9% Mar
72
4$*
10%
Jan
Jan
Jan
83
Jan
Fet>
Jan
250
49
Jan
51
175
sr4%
Feb
6
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 16, 1942
NEW YORK CURB EXCHANGE
Friday
Sales
STOCKS
Week's Range
{Continued)
of Prices
High
Low
Week
56 preferred BB
for
STOCKS
Last
Week's Range
Week
{Continued)
Sale
of Prices
i
Low
High
Week
Eureka
'
.1
1
Pipe Line com..50
preferred
conv
1
Eversharp Inc com
Pref
$6 preferred-
50
Ino.-l
53.50 series.
Internat Metal
*
— .V-
Falrchlld
Ctty Auto Stamping
*
City & Suburban Homes 10
Clark Controller Co
1
1
Aviation..
1
7% preferred--—i—100
Insurance Co of No Am. 10
International Cigar Mach *
Internat Hydro Eleo—
Internat Industries
Cities Serv P A L $7 pref.*
r:
,
V tc common.————
■
—
—
Price
Shares
Industrial Finance—
Equity Corp common..10c
S3
i
iadu&A—*
■
Falrchild Eng & Airplane. 1
Internat Paper Co warr...
Falstaff Brewing..
...1
Fansteel Metallurgical...*
International
Claude Neon Lights Inc..l
Fedders Mfg Co...
i
Clayton & Lambert Mfg. .4
Cleveland Elec Ilium
*
Fed Compress & W'h'se 25
Cleveland
Florida P & L 57 pref
Registered shares...—*
International Products...*
International
Ford Motor Co Ltd—
Ford
com.*
Inc.*
Class B
i
51.75 preferred.....—*
I
53.50 prior
—
*
Class B voting
ord—
6% conv preferred—£1
Colorado Fuel A Iron warr.
*
Interstate Home Equip.. 1
Fort Worth Stock Yards..*
Fox (Peter)
.25
pref—.:.—*
interstate Hosiery
MUls..*
pref.*
— .1
Interstate Power $7
Brewing Co..6
Franklin Co Distilling...1
100
Investors Royalty——
Froedtert Grain A Malt—
Columbia Cos & Elec—
5% preferred
1
r
Motor of Canada—
Class A non-vot—
Cohn & Rosenberger
Colt's Patent Fire Arms
Class A
•
ord reg..£l
Am dep rets
Club Alum Utensil Co—*
Colon Development
B.*
Utility—
Internat Safety Razor
„*
Clincbfleld Coal Corp.. 100
Cockshutt Plow Co
Petroleum—
Coupon shares—.—.—*
5
Fire Association (Phila).lO
Tractor com..*
Iron Fireman Mfg v t
1
Common
Fuller (Geo A) Co
Commonwealth & Southern
53
Warrants
conv
c...*
1
A...i.*
Irving Air Chute
Conv partlc pref.i-._15
1
Columbia Oil A Gas
Italian Superpower
1
*
stock
"
4%
Distribution.. 1
Community Pub Service 25
Commonw
preferred... 100
conv
Jacobs
(FL) Co.
—
Glass
I
.— —
*
Co.
Community Water Serv._1
Jeannette
Compo Shoe Mach—
Jersey Central Pow &
Common
Lt—
5X% preferred—100
6% preferred..-i.-.100
7% preferred.-100
Gamewell Co 56 conv pf.*
1
Secur—
*
1916
V t c ext to
Conn Gas A Coke
Gatineau Power Co—
5%
100
preferred.—
Publishing Co.lt)
Gellman Mfg Co com
Corp.l
Conn Telep A Elec
Consol Biscuit Co
Consol G E L P Bait
1
com.*
4%% series B pref.. 100
4% pref series C
100
Consol Gas Utilities
1
Consol Min & Smelt Ltd.5
Consol Retail Stores
1
V4
IX
x43
1X
^X
45
1
900
600
900
60
*108% 110k*
100
100 Yt
Julian A Kokenge com..*
Jan
Electric Co Ltd—
ord reg.£l
Amer dep rets
Flreprooflng com...*
Mar
Gen
Mar
Mar
Jan
Jan
Gen Gas & El 56 pref
3#
Feb
100
200
V
1
Common
preferred——.*
56 conv
Continental Oil of Mex..l
55
Dept Stores—
r
4% conv 1st pref....100
(S H) special pref. 10
1
Kreuger Brewing Co
—*
McBean & Co.*
Gladding
*
Gcdchaux Sugars class A.*
com_..l
*
*
Class B
5% conv preferred...oO
57
preferred
Lackawanna RR (N J)
Mines
Lake Shore
Goldfleld Consol Mines..!
stocks...£1
Creole Petroleum
—5
Crocker Wheeler Elec...*
Croft Brewing Co
1
Adrs ord reg
.100
Ltd—1
Lakey Foundry A Mach—1
Lane Bryant 7%
*
Lane Wells Co common. .1
Langendorf Utd Bakeries—
S3 preferred
Grand Rapids
Petrol
....
Class A
i
5
*
ClassB...J..-
Varnish...1
Gray Mfg Co
Co...*
(Md).5
A..*
Co com.,25c
Crowley, Milner A
pref.. 100
*
Mfg common.. 10
Gorham Inc class A
Gorham
*
Great Atl A Pac Tea—
Crown Cork Internat
Non vot
com
Lefcourt Realty common.1
stock...*
Conv
7% 1st preferred.. —100
preferred—25
Lehigh Coal A Nav......*
Leonard Oil Develop.. .25
25
*
I-e Tourneau (R G) Ine.-l
Line Material Co....
5
Gt Northern Paper
Greenfield Tap A Die
com.....*
Llght'g Inc com 2.5U
Mfg Co (Mo)
6
Llpton (Thos J) Lnc—
Grocery Sts Prod com.25c
Cuban Tobacco
:—*
preferred
Y Brewery... 1
Greater N
Crystal Oil Ref com.....*
56 preferred
-10
Cuban Atlantic Sugar...5
Curtis
pref—100
Kress
*
Gilchrist Co
*
Courtaulds Ltd—-
7% conv
Kresge
preferred...—
*
common..*
Preferred
Glen Alden Coal
Drug
*
Kobacker Stores Inc
Koppers Co 6%
Gilbert (A C)
*
5c
1
56 preferred A
Crown
Corp common....
Knott
*
53 preferred
com..*
ColO
1
Kleinert (I B) Rubber
Water G & E cora__l
Georgia Power 56 pref...*
Cooper-Bessemer com...*
53 prior preference
*
Crown Cent
Klein (D Emil) Co
100
6% preferred A
Gen
*
Cook Paint A Varnish
Cosden Petroleum
Kingston
Kirby Petroleum —
1
Kirkl'd Lake G M Co Ltd 1
General Tire & Rubber—
100
Reynolds
5% preferred D—.j.lOO
Products
1
pref.—*
stock...*
General Shareholdings Corp
Continental Roil & Steel..I
&
Kings Co Ltg 7% Pf B.lOO
Gen Outdoor Adv 6% PflOO
Gen Pub Serv 56
Gen Rayon Co A
Corroon
i—5
Ken-Rad Tube & Lamp A *
10
Consolidated Steel Corp.*
Continental Gas & Elec Co
Copper Range Co
Cornucopia Gold Mines
7% pref. 100
Kansas G A E
Kennedy's lac..—
--*
56 preferred
Consol Royalty Oil
7% prior pref
B_.*
General Investment com.l
100
8% preferred-.
Johnson
*
Gen
1X
25 X
900
IX
1
x43
rl()8%
110
IX
'
Jan
1
General Alloys Co
*
53 preferred...
—2o
6% preferred
1
{Guardian Investors
common...*
25
Gulf States Util 55.50 pf.*
56 preferred
*
Lit
Locke Steel Chain
5
G y p8 urn
Curtis
Lone Star Gas Corp
*
Gull Oil Corp
Lime A Alabas tl ne *
Darby Petroleum com
*•'
5
Hammermlll Paper.....10
Hartford Elec Light....25
Hall Lamp Co
5
50
Mar
Hartford Rayon v t c
Feb
Harvard Brewing Co
8% debenture
100
Derby Oil A Ref Corp com*
Mar
A conv preferred
*
Detroit Gasket A Mfg—1
Feb
Hazeltlne Corp..
Jan
Mar
56 prior
preferred
;■
;
6% preferred w w
Jan
Hat
Co ccm..l
{Detroit Paper Prod....l
Detroit Steel Prod
10
De Vilblss Co
1
..*
B tiou-vot common
6%
______
______
......
Conv 7% 1st pref—.100
Conv 7% 1st pf v t c. 100
Lynch Corp common..;.5
i %
26
25c
Mining Co
Louisiana P A L $6 pref.*
Ludwig Bauman A Co com *
oreferred_..50
conv
*
Louisiana Land A Explor. 1
5%
Fdy..l
Detroit Gray Iron
Det Mich »tove
1
1
7% pref class A....; 100
100
6% pref class B
Loudon Packing—..
......
______
Corp of America—
Hecla
1
......
Hearn Dept Stores com..5
20
Dennlson Mfg cl A com..
Brothers
Long Island LightingCommon......
——*
5
Davenport Hosiery Mills.*
Dayton Rubber Mfg
1
Class A conv
—35
Dejay Stores
1
common..10
*
......
Class A
*
......
Heller Co
common.......2
Helena Rubensteln
10
Dooeckmun Co common.
1
Heydeu Chemical..
Hildock Products.
Communication Co Ltd
Marguy
10
2X
.....
class A... 10
Hoe (R) A Co
-
preferred.:—
conv
Marconi Intl Marine
Henry Holt A Co par A__*
com_.l
Mangel Stores.i
Mapes Consol Mfg Co...'
Hewitt Rubber common..5
7% preferred.
Manat! Sugar opt warr..
55
...25
Preferred-
Diamond Shoe common ..*
Duco-Twin Truck
15%
Oil Corp.
Marlon Steam Shovel
'
Mass Util Assoc v t 0.--!
Domlidon Bridge Co Ud_*
Dominion steel A Coal B 25
*
Draper Corp
10
Driver Harris Co
...100
7% preferred
Corp.l
100
Dubilier Condenser
Duke Power Co—
,Durham Hosiery cl B com *
Duro Test Corp common. 1
Duval Texas Sulphur
*
Massey Harris common..*
May McEwen Kaiser Co—
Holllnger Consol G M...5
Holophaue Co
common..*!
*
Horder's Inc
Hormel (Geo A) A Co
54 preferred.
McCord Had A Mfg B_—*
com*
Co common. .1
Hardart Baklug.*
McWllliams
Horn (A C)
Horn A
*
Horn A Hardart—
5%
______
Iuc—-5
*
Dredging
*
Mead Jotinson ACo_-i—*
Memphis Nat Gas com..5
j
Mercantile
100
preferred
Hubbell (Harvey)
Humble Oil A Ref.!
______
46%
Stores
com..*
Merchants A Mfg cl A—1
Participating preferred *
Hummel-Ross Fibre Corp 5
Llgonler Co..*
Hussmauu
1
Uuyler's com
10
Eagle Plcher Lead
East Gas A
Fuel Assoc—
Common..;
...
*
4X% pr>or pref
100
6% preferred
100
Eastern Malleable Iron.25
Eastern States Corp
57 preferred
56 preferred
Easy Washing
V tctor 1st
Stores.*
Elec Bond A Share
com..5
*
*
55 preferred—
56 preferred.
ElecP A L 2d pref
A.—..*
Option warrants
Merritt Chapman A Scott *
Warrants.
Metal Textile
Michigan Steel Tube—2.50
5% conv preferred...50
arrear
ctfs...
—
Michigan Sugar Co.—.—*
Preferred
Microraatic Hone Corp__l
Imperial Chemical Indue—
Am dep rets regis—.£1
Imperial Oil (Cau) coup..*
Registered
*
Middle States Petroleum*Class A
v tc...
1
Class B
v
10.
1
Middle West Corp com..5
Midland Oil Corp—
;
Elec Mfg
Britain
__4
51*%
A
Ireland...£1
Indiana
6% preferred
6%% preferred
7% preferred—
8% preferred.......
100
100
100
100
Empire Power part stock *
Emsco Derrick A Equip..5'
For footnotes see page 1100,
preferred
*
Imperial Tobacco of Great
Empire Dlst El 6% pf 100
Empire Gas A Fuel Co—
Emerson
....10
;
*
Illinois Zmc Co
$2 conv
Electrographic Corp—.—1
Corp...,25c
Partlc preferred:.—-.16
Metropolitan Edison^$6 preferred..—.—..*
Michigan Bumper Corp__l
Illinois Iowa Power Co..*<
Imperial Tobacco of Can.5
Elgin Nat Watch Co...15
— ——
6%% A preferred... 101)
Messahl Iron Co.. ....—1
,
Div
Economy Grocery
1
pref
Hydro-Electric Securities-*!_____
Hygrade Food Prod
Hygrade Sylvania
*1 14%
*
series A..*
series B.—*
Mach B._*
I
for
of Prices
Low
High
Esquire Inc
*
._*
*
60c preferred B
Week's Range
Sale
Price
Cities Service common..10
$6 preferred
Last
Shares
Chllds Co preferred.... 100
i
Sales
Friday
Sales
STOCKS
{Continued)
Range Since Jan. 1
•
1
Mining
Chief Consol
for
Pipe Line
IX
Indianapolis Power A Light
preferred..... 100
Indiaua Service 6%
pf. 100
7% preferred..
Indian Ter
.
.
52 non
cum
Mldvale Co
dlv shares.*
common....*
Mid-West' Abrasive
Midwest Oil Co
.....
50
—.10
Midwest Piping A Sup.-..*
Mid-West Refineries..... 1
Ilium Oil—
Non-voting class
Class B
100
Midland Steel Products—
A...1
1
,
Shares
-
olume 155 : Number 4055
THE COMMERCIAL & FINANCIAL CHRONICLE
1099
NEW YORK CURB EXCHANGE
Friday
STOCKS
Sales
Last
Par
Week's Range
of Prices
Week
Price
Mining Corp of Canada..*
Minnesota Min A Mfg...*
Minnesota P A L 7% pf 100
Low
High
Range Since Jan. 1
Low
Shares
STOCKS
Last
Week's Range
Sale
of Prices
Low
High
Week
High
Par
Price
32
225
34%
Feb
44%
Jan
82
33%
Jan
82
Jan
Low
Shares
85 series pref...
82.80 series pref...
""4% "Mar
Feb
Mock Jud Voehriuger—
Common
;._.-.2.50
86
Jan
5
1
4%
Monarch Machine TqoI..*
Monogram Pictures com.!
Monroe Loan Soc A.....1
4%
29%
500
29%
%
29%
U
51%
%
300
Feb
Mar
1%
Feb
5%
,
Circle
Co..,
*
98
650
85% 91%
135% 140
50
Montana Dakota Utll..-10
6
Montgomery Ward A.._*
Montreal Lt IIt & Pow..*
154
152
Moody Investors part pf.*
Moore (Tom) Dist Stmp.l
1%
6
161
Feb
Phila Elec Pow
17%
Jan
Phillips Packing Co
%
Feb
1%
2
1,200
1%
Jan
4%
1,000
4%
Mar
%
2%
Solar Mfg Co
1
1
Monotone
1%
1%
600
%
Feb
South
2%
2%
200
Jan
South Penn
32%
700
110
100
..*
10%
10%
50
"oM'm
Muskogee Co common...*
100
7%
9%
85%
135
175%
Jan
3%
45%
10
900
81
Mar
96
Jan
100
20
Jan
22
Feb
6% preferred B
.25
5%% pref series C...25
Mar
3%
100
30%
3%.
30
250
4
3%
3%
30
3%
1,500
1%
4
•1%
3n
Mar
9%
1%
1,000
5%
5
S3
conv
preferred...-.50
"T% "H14
9%
9
Nat Mfg A Stores com.--*
9%
Feb
Powdrell A
Jan
57%
*57"
"58**
Jan
Feb
10%
Jan
Jan
10%
S6 prof unstamped
2%
2%
200
2%
Mar
77%
81%
1,325
05%
77
77%
76%
Mar
76%
Mar
2
*
*
$6 pref stamped
78
Jan
70
Alexander.„„5
Premier Gold Mining
1
*
*
Jan
Jan
5%
93
-Jan
2
National Transit
Jan
7%
Jan
Fel)
24%
12.50
Jan
9%
9%
1
3
300
9
Jan
9%
3
100
2%
Jan
4%
*55%
30c
Nebraska Pow
%
111
Nelson (Herman) Corp...5
111
2%
Nestle Le Mur Co cl A...*
1
1)3
2%
Jan
;
Feb
8
Feb
1
1%
24%
275
Jan
1
%
Jan
93 %
85 prior preferred
92%
*95%
92%
310
Mar
101 %
*10%
*10%
11%
1,100
59%
4%
59%
66%
1.600
*10%
59%
Mar
Mar
12
Jan
1 %
2%
Mar
3
Feb
63
55%
Mar
3
400
NYA Honduras Roeario 10
15%
16%
15%
300
Jan
Jan
N Y Merchandise......10
7%
N Y Pr A Lt 7% pref. .100
$6 preferred-.
2%
Feb
18
Feb
92
Jan
Mar
r
9%
~
Quaker Oats
Standard Oil
Jan
Jan
16%
Feb
2%
4%
2%
19%
%
Feb
»u
97
97'
6%
91 %
Feb
25%
Jan
V.
97
50
Mar
22
20
6%
100
6%
102
Feb
1%
20
Mar
,1%
55%
40
1%
1%
11.900
55%
100
,100
57%
125
-
Jan
Mar
50
pt warrants..
100
2%
2%
87
12
i»s
8.400
89%
11%
NilcsnBement-Pond _..._*
Feb
1 %
•
69%
53
Mar
Co..l
4%
'ie
Jan
3 %
Jan
7%
Feb
Starrett (The) Corp v t c.l
Steel Co of Canada
*
Feb
10
105%
Mar
109
110%
Mar
111
%
%
...1
2%
Mar
11%
'
Feb
Jan
"
91
90
87%
175
43%
14%
35
2,025
14%
100
Mar
Jan
14%
Jan
6%
2%
2%
%
Feb
100
2%
Feb
200
>i«
90
Jan
Mar
Stcrchi Bros Stores
60
.*
58%
Mar
58%
65%
300
16%
51%
16%
51%
100
16
«Jan
14%
Jan
if v %
? <
103
;■
52%
Feb
Feb
Feb
16%
Jan
Sterling Brewers Inc
Jan
107
Mar
110%
Feb
16
Mar
19%
4%
4%
Mar
5%
1,300
90
80
3%
Feb
preferred
conv
13%
Jan
19%
400
»i»
Jan
%
25
35%
Mar
4%
Feb
17%
300
%
35%
x8%
1
inc
5%
6
•
200
1%
1%
100
Jan
r"
*
70
Jan
Sun Ray Drug Co
Richmond
i.t
Sunray Oil
1
%
•;;«H
1,500
H
Jan
732
5%
50
5%
Mar
6%
6
Mar
1%
Mar
Jan
Mar
3
50
Jan
10
11
11
100
11
"i%
%
11
Jan
Mar
13%;; Jan
5,300
12
Jan
Feb
Jan
9%
Jan
*30*"
*28*
"*600
1%
Mar
2%;. Jan
43%
1%
50
conv pref..
3%
Mar
9
"i'%
.'.Jan
1
Mar
45%,; Feb
28
,
7%
7%
100
Mar
35
Jan
10%
*
Feb
11
Feb
7%
Jan
7%
Mar
Feb
ht
15%
15%
15'%
14
300
"*2%
*"i%"~2%
*200
Jan
'is
Jan
1%
»u
Jan
16
Feb
Jan
-
47
17
17%
49
Feb
Mar
2%
Jan
Jan
1%
Jan
Mar
17
500
'»
200
'n
'15
18
Feb
Feb
'j2
3%
Jan
5%
Mar
*6%
Jan
Mar
%
Jan
%
2^300
11%
%
""4% ""4%
Jan
5)1*
4%
Rochester
Jan
%
Jan
93
GAE16% pfClOO
6% preferred D..,,,1U0
%% pf. 100
86
86
Jan
86
10
Mar
Rome
A
Pendleton
Inc.*
Jan
12%
12%
•
8%
Field Inc.....5
Root Petroleum
conv
12%
100
2%
"i%
Co_,....l
*2%
"700
pref..j.;.20
1%
Mar
Mar
Jan
Mar
Mar
12
Feb
Jan
94%
Jan
95
*
Rya
1
37J
39
500
Feb
40
2%
Aeronautical Co...l
Feb
4%
1%
400
3%
1%
200
1%
Mar
%
%
100
%
Mar
4
Ryan Consol Petrol...,.*
Ryerson A Haynes com.l
-51%
12%
9%
Mar
Jan
4%
Feb
Jan
2%
15
Jan
%
Jan
53
Mar
3%
102
Mar
103
Jan
....
Jan
H%
5%
Jan
9
Feb
>•': 3
Jan
7% preferred....... 100
Jan
15%
Mar
St Regis Paper common..5
1%
110%
1
2 ■*
110%
2%
%
109
3,800
1
75
109
1,000
%
Feb
Feb
Feb
Mar
5%
Feb
Tishman Realty A Const..*
%
Feb
%
Jan
3%
Jan
Tobacco A Allied Stocks
49
Tobacco Prod Exports..*
Tobacco Sec Tr Co LtdAmer dep rects ord reg
Am dep rets def reg 5s.
2%
3.500
2%
Mar
14
Ohio Edison 86 pref.....*
*
preferred. 100
Tublze Chatillon Corp
Class A..
Feb
1
on
15
15
2%
Jan
cum
26
Jan
Jan
17%
Feb
Feb
93
.-i.:.--.-25
Feb
Mar
*22 %
300
Scullin Steel Co com.....*
50
50
10
7%
•
48
Mar
600
7%
Mar
3,900
7%
hi
Feb
69
Jan
Jan
Jan
United
Jan
Securities Corp general... 1
Jan
Seeman Bros Inc
Mar
United
Segal Lock A Hardware. .!
%
%
400
%
Jan
%
Jan
10%
Jan
Setberling Rubber com...*
2%
1,000
Mar
3%
Jan
1
2%
2%
Overseas Securities
1%. Jan
2%
Feb
Selby Shoe Co
8%
Jan
9
Jan
Selected
Industries
7u
i.i._*
1
1%
23%
91
93
76
,
78
200
23%
Mar
100
91
Mar
-70
75%
:
40
40
Allotment certificates...
91%
40
40
29%
27%
98%
Jan
Jan
Feb
Seton Leather common...*
Pantepec Oil of Venezuela—
3%
13,700
'
3%
4%
Mar
Jan;
Feb
6%
Jan
2%
300
4%
100
2%
4%
6%
*"; *500
"*5%
Parkersburg Rig A Reel-.l
4%
*""i66
•;>
Jan
11%' Jan
25
50c
Feb
2
7
7%
403
7
Feb
7%
11
I
12%
400
11
Mar
'""%
1,900
%
Jan
Feb
'i«
Feb
Jail
9%
Feb
7
3
2%
3
6%
6%
7,800
300
99.% 108%
'n
Jan
%
600
94%
Mar
126%
Jan
'31
Jan
»3i
Jan
Jan
83%
Feb
Mar
%
Jan
%
Jan
Marl
15%
17%
2,500
15%
Mar
23
24
24
50
22%
Mar
72%
Mar
25%
72%
*
83%
16
*
36
Jan
Amer
dep rects ord reg
Shariug_25c
%
%
United Shoe Mach com.25
...25
Preferred
Jan
%
Jan
United
4
z51
x40%
1%
Jan
U S Foil Co class B
Feb
U S Graphite common
45
Feb
1%
Feb
'is
Feb
5
200
4%
Feb
Feb
2%
9%
Jan
5%
4
Jan
TOOO
50%
Mar
57%
210
41%
Feb
43%
1,000
5
1
10%
Jan
U S Rubber
62
Jan
70
common
110
Jan
113
Jan
9%
Jan
*9%
.__.*
Jan
9%
10
Jan
Jan
Simmons-Boardman Pub—
Feb
Simpson's Ltd B stocks..*
Singer Mfg Co...
100
Feb
Singer Mfg Co Ltd—
Jan
47
48%
47
350
preferred
*
81.50
conv
Jan
48
Mar
Jan
Jan
6%
Mar
Jan
6%
5%
6%
1,700
5%
Mar
27%
27%
27%
50
27%
%
Mar
Feb
»ii
2%
""266
2%
Mar
4%
J in
3i«
Mar
'u
Mar
1
"*2% *
Reclaiming.
50c
U S Stores common
12%
1st $7 conv pref
"T% "*1% ""166
I3i"
134*
*"""36
~i%~
131
Jan
Mar
Mar
2
145%
Feb
Universal Pictures
1%
1%
100
1%
Feb
1
%
Feb
50
26
26
Universal Products Co..
Utah Radio Products
2%
2%
51
1
1%
10c
$32
34%
Equities
com..
Feb
Feb
s3i
Mar
1%
Mar
Jan
1%
Jan
%
Jan
-
8%
Jan
Jan
Jan
2%
51%
1%
f
34%
900
75
100
Jan
26
25
Mar
29
Jan
10
8
c^n..l
Sugar......5
Utah Pow A Lt 87 pref..*
......
15
Jan
Jan
5,500
I
Utah-Idaho
—
Jan
1%
%
7%
22%
2
Universal Cooler class A.*
Universal Corp vtc
Universal Insurance
30
%
Mar
1%
United Wall Paper
*5.50 priority stock...I
Jan
%
53%
10
prefr_
Class B...—
Sioux City G A E 7% pflOO
Skinner Organ..,....-.
Smith (H) Paper Mills..
3%
7%
Jan
%
20
U S Lines Inc pref.
Utility
1100.
Jan
Jan
Jan
Sherwin-Williams of Can.*
30%
%
Feb
Feb
7
4% Mar
2% Feb
6%
...5
U S Radiator com
Feb
prefser AAA100
Feb
Feb
8
Jan
41%
40%
Mar
U S Plywood—
8.50
83 oonv
4
Jan
U S and Int'l Securities.
66
Feb
3%
Jan
Mar
Jan
%
Mar
".50% *54**
4%
Specialties com..l
45%
64%
*25%"
Jan
Jan
Jan
2
Jan
%
400
10
preferred
Feb
65
cum
2
Profit
Mar
100
Jan
Mar
Jan
2,000
%
Mar
500
30
2%
6%
%
2,800
104
Milk Products...*
3it
5
Amer dep rets ord reg_£l
•6%
Jan
Feb
3i6
40
3
Mar
2%
15
700
40
10
6
-
Feb
Jan
1,100
150
3
Simplicity Pattern com__l
28
Jan
3i«
500
10
30%
%
*27*
Jan
7%
S3J
700
3
Jan
Patchogue-Ply mouth Mills*
Peninsular Telephone com*
5
%
1%
10
Silex Co
10
3
Feb
Jan
2
7
United Stores common.50c
Paramount Motors Corp.l
Parker Pen Co
10
Mar
»n
42%
42%
Shawlnlgan Wat A Pow.
5%
American shares
»i#
200
Sherwin-Williams com..25
*1*2*"" Mar
Feb
.*
85 1st pref with warr.._*
Shattuck Denn Mining...5
*U%*Feb
7is
Jan
Mar
Jan
Service...*
81.30,1st preferred..,.*
Pagc-Hersey Tubes......*
35
Sentry Safety Control...1
Serrlck Corp cla«8 B.....1
87
Jan
100
%
%
Convertible stock..!..5
7% pref.. 100
35
35
85.50 prior stock.....25
5%% 1st preferred...25
Jan
Jan
1%
Inc—
Common
Mar
2%
4%
2%
100
83 partic preferred
4
24%
4%
35
Jan
United Molasses Co Ltd-
111
1.300
Jan
Mai
1%
Jan
9%
%
Jan
25%
23%
4
29
100
A..*
com
86 1st preferred
Feb
24%
100
350
hi
Common class B
Mar
AE6% 1st pf.25
4%
32%
1%
'»j
7% preferred
United Lt A Pow
Brook
Water Service $6 pref..*
Pacific Can Co common..*
Jan
United Gas A Elec Co—
4
46%
"25
Feb
%
hi
Jan
50
*102
xi02**
102
5%
Jan
*
16
11%
22%
1
a:
Jan
'u
United Gas Corp com___l
Omar Inc.......
102
4%
500
*
United Elastic Corp
48
a:
A part pref
Jan
Scranton Spring
Oliver Utd Filters B
300
United Corp warrants
Mar
Feb
17
Jan
-
Jan
6
Un Clgar-Whelan Sts.,10c
11%
liO
Feb
$3
Jan
Jan
Jan
Jan
Ma-
15
1
8%
21%
11
Scranton Lace common..*
300
%
Investment com..*
3%
%
120
Scranton Elec 86 prof....*
50
.
1%
10
Gas of Canada..,.*
1st $7 pref non-voting..*
Warrants..
Oklahoma Nat Gas com.15
30
31%
Option warrants
Scovill Mfg
6%
Jan
U
Udyllte Corp
Jan
Jan
Mar
%
•i»
'a
5
Jan
400
Jan
'lis
Jan
Jan
6%
Jan
%
*
%
Jan
98
Jan
4%
1
sis
100
-•
111
Trunz Inc......
11%
112
100
Jan
Mar
<:'i«
Jan
112
6%
Mar xl03
4%
Jan
Feb
100
Mar
93
95
82
7i«
warrants
Feb
Feb
97%
95
73%
10
90
Tri-Continental
%
Mar
86%
230
93
96
73%
Transwestern Oil Co...10
3i«
110
70
6%
Conv
Jan
95
%
11%
103
97% 108%
6%
Feb
Feb
49
93
73%
Lux Corp______..l
5
250
103% 104'
Oilutocks Ltd common...5
17%
3
300
Tonopah Mining of Nev.l
_..*
Schulte (D
"40
110
110
Ohio Power 4%% prof. 100
Ohio PS7% 1st pref... 100
2% :■ Feb
"
Jan
Jan
1
Todd Shipyards Corp...*
Toledo Edison 6% pref 100
7% preferred
100
A) common..1
oreferred._____25
Schiff Co common
2%
Jan
15%
*
Savoy Oil Co
2 %
Mar
Mar
2%
%
2%
Jan
Jan
United Chemicals com...*
Salt Dome Oil Co..1.
11%
""300
14%
4%
Feb
2
Class A 82 conv pref. .50
Mar
400
100
5
Thew Shovel Co com
Tilo Roofing Inc
Ltd..*
*800 ■;V2%
**2%
Feb
Mar
United Alrcruft Prod
Lawrence Corp
Jan
8
3%
Unexcelled Mfg Co
St
Mar
19%
Jan
Jan
Mar
Jan
Mar
3%
Mar
7
Jan
3%
Mar
90
"*2% "*2%
Jan
17
2 %
8Uc conv preferred.
37
2%
800
Jan
Rossla International.__..*
Fifth Ave....2%
17%
7%
1.000
96
17
*7 %
Tung-Sol Lamp Works... 1
17
Jan
1,300
3
17%
*7%
Texas P A L 7% pref. 100
Texon Oil A I and Co...2
Trans
Cable Corp coin..5
Roosevelt
Taggart Corp com
1
Tampa Electric Co com..*
Technicolor Inc common.*
Jan
9%
'
Radiator.....1
7%
4
For footnotes see page
Jan
Jan
Voting trust etf8.„.;.l
Jan
88
100
Ohio Brass Co cl B com..*
1
Jan
Mar
%
3%
1
Jan
1
Sanford Mills
com
9%
3%
35%
%
5
150
5%
*
17%-' Jan
\
10
100
2%
11%
11%
*
Penn Cent Airlines com__l
Jan
Jan
Jan
Jan
,
*
Jan
*
Mfg Co
Russeks
O
Pennroad Corp
Jan
:
Mar
3
....*
Feb
Samson U llted Corp com. 1
Penn Traffic Co...
Jan
Feb
20
58
5%%
Relter Foster Oil Corp.50c
Jan
HO
93
100
Northern Pipe Line
10
Northern Sts Pow cl A..25
81.40 preferred A
»u ,.Jan
»u
300
35%
Prod.l
Lnion
90
PuhSer6% pf.100
7% preferred
100
Penn-Mex Fuel
Jan
Jan
'
%
1
Sterling
Jan
,
Jan
16%
50%
k
3%
Nor Ind
..
Jan
Feb
14%
16%
50
Un
Public
2
12
..1
6% 1st preferred
5% 2d preferred
Sterling Aluminum
143
63
60
144% 144%
10
Royal Tynewriter..
6% prior prefer red... 50
Pacific
Products
Feb
,
-
Feb
No Am Utility Securities.*
Nor Central Texas Oil...5
Pacific PAL
Jan
Feb
I
%
Voting common
Jan
*'2%
Mar
200
1
Pacific Lighting 85 pref..*
Jan
Jan
Feb
Stein (A) A Co common..*
Mar
105% 105%
warrants
Raymond Concrete Pile—
r
Common.......
_.*
81.20
North Amer Rayon cl A..*
Class B common
*
Pacific G
17
Standard Steel Spring...5
Standard Tube cl B.....1
6%
3%
14
10
'si
16
Standard Silver Lead....l
Feb
'its
87l;. '-'Mar
30
600
■
5
prior pref...*
*
Mar
Mar
Jan
100
107% 108
.*
Class B common
Republic Aviation.......1
Nor Amer Lt A Power-
conv
100
Swan Finch Oil Corp...15
Option
Nineteen Hundred Corp B1
85%
Feb
Radlo-Keith-Orpheum—
Roeser
$3 preferred
%
(Ohio)—
5% preferred
Standard
Rochester Tel 6
5
6% 1st preferred
Jan
Feb
Jan
175
10%
10%
Jan
"300
Rice Stlx Dry Goods..,_.*
Niagara Share-
Ohio Oil 6%
%
11
10%
Superior Oil Co (Calif). .25
Superior Port Cement-
Jan
27
1
Jan
'git
Ogden Corp com
2%
Jan
1%
10
Jan
Rio Grande Valley Gas Co
.10
Corp
Mar
2,500
preferred.20
(Ky)
Feb
*
Feb
6%
Class B opt warrants.
Novadel Agene
Oil
'u
33
Jan
22%
200
97%
6%
6% Pf. 100
Common
Feb
'««
2
1
conv
4%
Red Bank Oil Co..,....*
Mar
Niagara Hudson Power-
Ntpisslng Mines
18
Jan
12
500
2%
Jan
Jan
R
Rbeem
5
Class A preferred
Jan
%
Jan
6%
Reliance Elec A Engin'r'g 5
Class B common
1%
1%
200
2
3%
3
*6%
Feb!
Mar
Standard Power A Light. 1
Common class B
*
Jan
300
Jan
6
Jan
#i«
1%
1%
lu
100
Reed Roller Bit Co..
.23
23
$5.10 preferred...... 100
$6 preferred
Jan
Feb
Jan
Mar
33
3%
3%
*
common
6% preferred.
' Jan
100
81%
Founders Shares...... 1
Noma Electric..-.;
Standard
Jan
39%
Raytheon Mfg common 50c
N Y State Elcc A Gas—
o
16%
16%
*%
*
Feb
N Y Shipbuilding Corp-
Class A
81.60
Jan
Stroock (S) Co
Sullivan Machinery
83
5% 1st preferred
5% 2d preferred
Jan
Jan
»i#
3
400
Common
8
8
1%
1.000
12
'««
Standard Cap A Seal com 1
Conv preferred
10
Standard Dredging Corp—
Jan
150
2%
4
Feb
Jan
1,800
1%
3%
200
%
Railway A Light Sec-
1%
Coramon^-i..i.
Jnn
3%
Feb
Railway A Utll Invest A.1
Warrants.-
N Y Water Serv
12%
12
Jan
Jan
100
%
_*
Mar
1.100
3
%
5
300
Spanish A General Corp—
Amer dep rects ord reg._
Stetson (J B) Co com
Stinnes (Hugo) Corp
Fel)
N Y Auction Co com....*
N Y City Omnibus—
i.
27
5%
5%
Jan
56%
Pyrcue Manufacturing.. 10
Jan
*
1st preferred...-
Feb
5%
Jan
68%
Jan
8% Preferred A
..25
Southland Royalty Co...5
Pyle-National Co com...5
Feb
1%
25
New York Transit Co
Jan
Jan
Jan
New Mex A Arlx Land...l
New Process Co...j
Jan
1%
2%
86 preferred
Jan
3%
common..
%
12
55%
3%
*
Quebec Power Co
New Haven Clock Co...*
New Jersey Zinc
2%
27%
Jan
30%
Mar
Feb
Feb
Jan
Jan
Feb
100
*24% "25"
122
Feb
Jan
Feb
2%
122
Jan
Feb
Feb
1
11
...»
New England Tel A Tel 100
New Idea Inc
Jan
Mar
Feb
100
2%
'S- 1
*
100
82 preferred
%
110
10
Neptune Meter class A...*
6% preferred
Feb
Mar
7%
7% pref. 100
New Engl Pow Assoc
10
Feb
Mar
7i«
6% 1st preferred
100
7% 1st preferred.... 100
Feb
Jan
11
Feb
2%
63%
9%
3
Puget Sound Pulp A Tim *
Nat Union Radio
Navarro Oil Co.......--*
%
Feb
Mar
Puget Sound P A L—
Nat Tunnel & Mines.,..*
Jan
Jan
Public Service of Colorado
Feb
11
42
28%
26%
Feb
6%
Jan
Mar
100
Mar
Mar
7%
Jan
500
Prosperity Co class B.__*
8
200
6%
100
Stahl-Meyer Inc.,,
..*
Standard Brewing Co 2.78
Producers Corp of Nev... 1
24
6%
r6% r8%
National Steel Car Ltd..*
National Sugar Refining.*
National Tea 5%% pref. 10
35
700
Jan
Preferred
Providence Gas
National Refining com
Nat Rubber Mach
25%
24
.
24%
23%
%
60
35
24
Jan
Spencer Shoe Corp......*
10%
Prentlce-IIall inc com...*
Pressed Metals of Am__,l
3
35
24%
25%
6
Jan
National Power & Light—
Mar
6%
Jan
9%
Pratt A Lambert Co.....*
42
Mar
27
10
Pipe Line
51
""150
Power Corp of Canada...*
9
Jan
Southern Phosphate Co.10
Jan
7%
11
8%
Jan
Jan
Southern
43
8
14%
2,900
Jan
Jan
35
Feb
Feb
Jan
Polaris Mining Co.....25c
Jan
"266
5% original preferred.25
41%
300
Pneumatic Scale com,..10
Feb
39
National Contaiuer (Del). 1
National Fuel Gas......*
Jai
Jan
Jan
6%
36%
Jan
Jan
'it
13%
300
4
Mar
Feb
9
Jan
11
14
14
2%
31%
4%
Jan
'3%
1,000
1%
5
Potrero Sugar common..5
14
\
Mar
31%
3%
Pitts Bess ALE RR...50
National Breweries oom._*
National Candy Co
„-*
National City Lines com.l
Jan
Mar
Plough Inc common...7,50
Jan
9
100
%
Jan
Jan
Feb
Feb
25
Southern Colo Pow cl A.25
1%
Pleasant Valley Wine Co.l
Nachman-Sprlngfilled....*
2
Jan
Mar
30%
Southwest Pa Pipe Line. 10
200
100
High
2%
1%
2%
2%
3%
Southern Calif Edison—
20%
*
;
Pittsburgh A Lake Erie.50
%
Jan
Mar
Feb
83
3%
Pitney-Bowes Postage
Pittsburgh Metallurgical 10
Pittsburgh Plate Glass..25
1
Jan
Feb
32%
Spalding (A G) A Bros.._l
Pioneer Gold Mines Ltd.l
100
com
100
Mar
2
Oil........25
40%
Common.;.
Conv 83 pref series A. 10
Meter
"11
1%
1%
Coast Corp ooni__l
I
Mar
Southern Union Gas.....*
JanFeb
114%
N
Nat Bellas Hess
105
20%
*
Feb
12%
Jan
Jan
Jan
7%
Corp
37%
8% pref.25
Jan
Jan
9%
1
111
Murray Ohio Mfg Co
*
Muskegon Piston Ring.2)4
Feb
Mar
x92
Pierce Governor common.*
Mountain Sts Tel A Tel 100
2
500
Feb
Feb
Mountain States Power—
6% preferred...
Feb
South New Engi Tel... 100
Jan
5
Low
300
56
Phoenix Securities—
4
Producers...10
2%
30%
81
20%
Philadelphia Co common.*
Jan
17
Range Since Jan. 1
for
Shares
Jan
Feb
Mar
15% Feb
15% Mar
v % Mar
700
%
Mtge Bank of Col Am shs.
Mountain City Cop com.5c
Feb
152
80
;
2
-.li
%
36%
3%
Pepperell Mfg Co.....100
Perfect
High
Soss Mfg common
*92
Penn Sugar Prop com.. .201
Penn Water A Power Co.*'
Jan
H
Penn Salt MSg Co
5%
29%
TjOW
Price
Week
Jan
%
*92
preferred..........*
Jan
Jan
RangeI
of Prices
49
75
Pharls Tire A Rubber...1
Common....
Par
Week's
29%
51
*
Feb
4%
25
150
Sale
Solar AIrcraft Co
*
Class A common
,.*
Penn Pr A Lt 87 pref...*
Last
High
Pennsylvania Gas A Elcc—
.....
Missouri Pub Serv com..*
Mountain
STOCKS
(Continued)
Range Since Jan. 1
Pennsylvania Edison Co—
33%
Sales
Friday
for
(.Continued)
Mississippi River Power—
6% preferred
100
Molybdenum Corp
Sales
Friday
for
Sale
(Continued)
Jan
11%
Feb
Jan
3%
2%
51
Jan
Jan
62
34%
Mar
1%
Mar
Jan
1%
500
25
Mar
Feb
»u
Jan
Jan
38%
Jan
THE COMMERCIAL & FINANCIAL
1100
""Monday* March 16* 1942
CHRONICLE
'
r
NEW YORK CURB EXCHANGE
IFeefc's Range
Last
STOCKS
(Continued)
Par
Price
BONDS
j
Last
K
High
."'•
Low
\
;
•
Week
Low
High
,
BONDS
Range
for
of Prices
Price
'
Shares
Week's Range
Sale
is-2
(Continued)
Week
...of Prices
Low
High
Safe
'
Range Since Jan. 1
for
com..'
1st mtge
w
1,
-*
'
'
'
1
-
-
-
Jan
%
Jan
Feb
17%
Feb
Feb
4%
90%
;
8%
9%
Jan-
Gatineau Power
Petroleum..-.1
.
Vogt
M
-
m
*.■■•• 10
"
...i.
''
"z
»
9 :
-
->8%
8%
Co.—..1
Vultee Aircraft
*.
-
•76
.
7fi
pref.100
Manufacturing.....*
Pub Serv 7%
Va
800
3%
3%
I
-*
5s ex-warr
'
'
Venezuelan
J-
«
Mar
75
-
7% -Jan
-
3,000 .•':
•
-
Feb
8
Gen Public
Jan
♦General Rayon 6s A*—:—. -1948 J. D
J D
Gen Water Wks A Elec 53. -1943
*
preferred.—---190
-
"
..—•;.* V J-W i
Mining Co——1
Class B
Walker
5%
300
"5
Mar
6.;
V 6
Feb
6
-100
••;;:%
:
Mills...5
Wellington Oil Co—
Wentworth Mfg
West Texas
V
West VaCoal A
Western
'
"*"i"6«
i%
£00
2
94
800
"Grocer com...20 L.-.i;
--,
Western;
Maryland Ry—
Jan
'
Hygrade Food 6s
68 series B
Jan
_.. —
Weyenberg Shoe Mfg-.J-l
Wichita River Oil Corp. 10
-r •
-1
—l'-.
12.
1
~
0) A Co....*
*.*
,«
*99%
5,666
100% 100%
1,000
77
85
47- -•
89%
53
84
84
"~3J)66
81%
111
1100
101%
88%
143
Queens Borough Gas A Electric-^
§%s series A...—.-..——1952
108% 108%
102
-73
1,000
67
73
45
1,000
39%
47
17%
19
11634: 1934
D
O
A
184
86
85 *!
83
«
L
Wisconsin P A L 7% Pf
50
f,m'~
2
Petroleum—.:.!
V
„
5%
86
4,000
Mar.
Jan;
♦Indianapolis Gas 5sA..'
Jan
Indianapolis P AL 3%s.
•1%
11
Mar
:t
12%
86
{International Power Sec—
•v
dep rets;——5s
t
Mar
104
4
Jan
4
Jan
4%
Jan
5
Mar
200
300
*
f
1%
f' 1%
■
Feb
4*:
JJ
•
•
-
♦7s (July
Jan
1955 J
i
-
4 %s
1963 J
Bonds
Last
Week's Range
of Prices
Low
High
A
F
(stainped)
1966 J
67%
7-4s 2d—.—
6
Jacksonville Gas (stpd)
Jersey Cent P A L
$
D
45%
.1965 M S
106%
67,000
47,000
46%
Texas Electric
96,000
57
'
57%
76%
I 61% 105,000 .57 ,
57%j 61% 172,000 .57%
1,8 •
6,000
23%! 25
•
•57%
51%
'!'?
57%, 76%
57%
77
57%! 61% 96,000
103,000
57% ; 62
76,000
57% 61%
57%
•
A v57.
A
:
76%
76%
76%.
25
10%
10%
57%
57
57%
O
:io%).'i5
t
410%
J
Service 5s.... 1960 J
Light 5s..—.1956 MN
r
.
15""
45%
9,000
21,000
%s..
.
J
107
108
3,000
117
"lis
'• 94
13,000
90
101
106% 107
5,000
M17
90
90
J
D
1952
105
6,000
106%
>107%
107
117
A
1968 J
Twin City Rapid Tr 5
54
F
>106.%
12.000
106
106%
107%
J.J
.2022
Power 5s..—1979
——
106%
74
75
76%
,69%
,49.000
75
•
106% 108
105% 107%
1
U
r
.{♦Ulen A Co—
i.
stamped..—.1050 F A
Conv 6s 4th
Kansas Elec Power
1950
1960
debe—i——4,—1970
I
2'4's s f debs
3%a s t debs
3%s s f
Amer Power
~i
A Light deb
j
j
103
j
j
104
j
1107
i 108
106
1121
'123
120% 125
110
United Light A Power Co—
M S
6s.-2016
Paper to—-,1961
J
J
J
.893*
D
-J
A
17934 "81
105 ■(10534
105
1*06%
O
J
112434 128
10634 107J4
41%
4134
82
so
125
ei'ooo
105
,
3934
43% 219,000
3%s,1966
Lake Superior Dlst Pow
Osj..^.1945
Long Island Lighting
.
10734;
13(3
I
105
Louisiana Pow A Lt
53—1957
■
107%;
4734
t9%>
.
4.%s—;——1949 \J-J
P A
"♦Conv deb 5s—-4-4—*1950
♦Debenture 5s...
>
1968 A
-*Gonv deb 5%s;——--1977 P- A
11%
,11
10
954
12%
61,000
934
1234,
26,000
9%
12
•9%
--9-%
9%
-9-34
9%
9%
10%
10 %
1034
9%
"954
.1034
5,000
9%
5534
5734
14,000
55%
10734 10734
♦Coiw deb
25,000
deb£>%s A—--1955 M N
M 8
Atlanta Gas Light 4%s.....1955
J
Atlantic City Elec 3%s—1964
Assoc TAT
106
v
;
12 34;
10734
106
105% 107% i
M
.1959 A O
5%s.l952 F A
(Me>—
A
9
J„.J
J
100
•88
103% 105%
108%
101
101%
108% 109
101
103%
107% 109
r
1st lien A gen
4%s1944 FA
4,000
97%: 97%
"4 96 %
-97%
,;'o7%ao(lY <1
99
6,000 : 95
95
Deb 6s series A —.—.——2022 AfN
115% 117%
3,000
117"
117
O
..100%,
.,87
Utah Power A Light.Co—
106%
15,000
14,000
1106'
101%
D
•
112,.,114%;
8,000
104% 104%
87
• 91%
104%
1st lien A cons 5%8.>
6s series A——————-1952 A
'iV'it
Virginia Pub Serv 5%s A— .1946 F. A
,
i
6a stamped
1948 FA
Mengel Co conv 4 34s-------1947 M S
Metropolitan Edison 4s E---1971 ilfN
"83%
"198"
Middle States Petrol.
J
J
A
G
634S---1945
5s_.i—.1943
4)4s--1967
ilf S
80
106
83%
99%
108%
107
3,000
83%
101
7
9,000
6,000
14.000
105%
10.5% 105%
22,000
102% 106
102%
102% 102%
105% 105%
101% 102%
111
111%
28,000
2,000
31,000
110% 111%
100%
60
1978
1st A ref. 5s——-----1955
Mississippi PAL 53—— li—1957
Mississippi River Pow 1st 53.1951
Minnesota P A L 4%s..
M N
J
D
J
1)
J
J
-----
Missouri Public Service 5s... 1960 F A
f 6s..s,4i.>*a—1— .1940 FA
2%
3108%
107% 107%
14,OIK)
105% 105%
^
101% 102%
25,000
31,000
%
101% 103,,
5,000
; 99% 101 V.
;
'
■ft
Waldorf-Astoria Hotel—
'
-
•'•
♦5s Income debs...*.—.. .1954 M>S
1)
3%a—
.1964 J
D
107%
West Penn Electric
5s..i.>
.2030 A
O
105%
Elec 4s
•...
West Penn Traction 5s——; .1960 J
Unlon-
Western Newspaper
6s stam ped
.......——.
112
72:
05*
1,000
2,000
69
74
62
67
76
78"
21,000
74
78%
72
A
.1944 F
.
105% 108%
117.
5,000
'
»
.1944 F
6s unstamped..;—.
108
107
,112%
112
D
>
4%
2%.
108% 109
4,000
2,000
108 %r
.1951 J
Wash Water Power
Wash Ry A
101% 103
4,000
101 % .102 %
101% 102
tlOO% 100%
W
99% 100%
56
64%
1,000
101% 102
s
A
102% 104%
105% 107%
101 % 104%
2,000
Deb
;
1Q2%
I)
1st ref 5sseries B....... .1950 J
109%
98%
108% 108%
108% 108%
100% 100%
59%
60%
4sseries G.-_. ——v.^1965 M-N
B
'io;;:i2%
United Light A Railways
;
105
1,000
,
v./
Milwaukee Gas Light
6234
105
195
„
112
United Lt A Rys (Del)
Midland Valley RR.
106
1100
Avery A Sons (B. F)—j4:•>4
58 with warrants,..—
1947 J D
-*5a without warrants...—.1947 J D
3i;000
1110% 112
112
,
)"
McCord Radiator A Mfg-—
| Associated Gas A Elec Co—• ♦Conv deb 4%s.-r,.—i—--1948 MS
J
i;"':
L
|
8934 106%;
22*000
1969 J
Lt 334s..
,
104% 109
9734 172,000
8934
v
k-tVV**,
104
106
1,000
.1,000
12% 1 12%
United Electric N J 4s._>—1949 J D
10234 104
I
10634'
10234 10334 $30,000
104 { 104 9,000
6,000
10434 107
j
Appalachian Elec Ppw 3%s..-1970
Appalachian Pow. deb 6s
2024
Arkansas Pr A Lt 5s.—1956
Associated Elec 4%s
1953
Amer Writing
D
6s ——2022 M S
Kansas Pow A
Electric Co—
American Gas A
3 %s—'.1966 J
Kansas Gas A Elec
'
'61 %
39%
32
Texas Power A
45%
:
; ;■>
107% 108%
6% - 6%
1*6:
106% 106%
42%
57."
1046
Certificates of deposit...
i
.1942 J
—
3%s—
12,000
7-4s 3d stamped........... 1946
7%
Tide Water
Since
Jan.
94
.48"
67% .78%
1107%
17
14,000
i
Stlnnes (Hugo) Corp—>
6%
106
197
r
■■
103% 106%
94
D
5
6%
32
J
52
"
1
Debenture 6s.Dec
98% 102
-r; 56
5,06i0
21,000
48
^
102%
•99%
103% 106%
* : 6 ,000
103% 105
O -*57
100%
.
-■*.
98%; 98%
54 %t 55
i
1948 A
.May
.
5%
70
7,000
*55
96%
.
„
102% 104%
1*0,000
A
6%
"734
33%
•
87
96,000
.p'-'f -M
5%
"7*34
5
J
'103%
"99%
AO
96%
,
i(K)*
99%i 99%
103*
M
55%
85%
86
23,000
103% il04%
J~
.130
80%
12.000
18,000
(101
J100
F
6s series A
Range
Week
93%
J
6
734
j.85%
>
94% 95 •
93%. 94%
J
Toledo Edison 3%s
for
Sale
Price
.
0
84
•85%
I 111
53
58'
95
5
j''
16
16%
1958 M S
_.
O
6s gold debentures,.— 1957 F
Standard Power A Light 6s_. 1957 F
♦Starrett Corp Inc 5s....... 1950 A
Sales
Friday
IB
BONDS
:.'•'
*16%
1952 Ji
Debenture 6s
A
A
108
130
J55*
0
5
D
12,000
J...;. 137-
Conv 6s stamped....May 1948 A O
1951 FA
Debepture 0s_.•—<
:
106% 107%
....
1952iJ
Italian Superpower 6s—
Exchange
80%
>79 ,107* ,'
•
.1952 J
1952
Interstate Power 5s—
Jan
2%
—
1941 coupon.
Iowa Power A Light
New York Curb
6s
80%
74%
31,000
18,000
128,000
7,000
106% 106%
MN
,100
75%
107
80
76%
1,000
2022 Af S
Southwestern PAL 6s:
1989 MN
Spalding (A G) 5s
Standard Gas A Electric— V
104%
93
91
101% 103%
2,000
78
101
1955
Jan
-4%
——
♦7s series F
1%
1,300
13,000
77
108% 109
109
D
AI) 3%S—— 1970
Southwestern C.
105%
97
67,000
94
76%
106
6%s (Dec 11941 coup).,
.1957 FA
♦7s series E
,
47s (Aug 1941 coupon).; .1957
....
-
-
O
-
f: t;(
......
m
Ltd;.*
*
4%
4%
4%
•
"
♦634s series C—
Mar
98
40
...
*
5
.
A
99
91
D
jt—.1971
1951
3s...—
Southern Indiana Rys 4s
Feb
8
Jan
6%
1952
..1970
96% 100%
V
99% 106%
28,000
101% 101%
•77%
78%
•76%
5s.———1950
Jau
7%
98%
93
91
ref 5s—.——1963 F A
Indiana Service
6%
2%
1st lien A
J
,
97
93
*77%
Jan
;
M K
-
36,000
97%J99
77
A
Coal 08 —.—1947
South Carolina Power 5s. .—1967
Southern Calif Edison 3s..>.1965
Southern Calif Gas 3%s.:....1970
Southern Counties Gas (Calif)
107% 109
%10%
99% 100% 101,000
97
J
Jan
400
>
.'C'I,1-.
5 -
May 1957
5%s—
1109
100
Hydro-Elec 5s. „—.1958 AfN
Jan
j
L"L'
7;
'-"t
Indiana
Feb'
6%
-
102
98
^5
Wooiworth (F W) Ltd— *
Wright Hargreaves
-
•
7
Mar
*
f 2%
-w
100
1st
Mar
12
.
100 "V6%
-
■
Mar
12
.
1st
400
V-T-
-
*
Woodley
Idaho Power
5%
•7%
'7%
J
Wolverine Portl Cement 10
Wolverine Tube com
18%
Jan
...i'.
!•
Inc..«.l
:
*
Products
Jan
3%s
—1967 A O
6s ser A —.—1953 A O
A ref 5%sseries B....1954 J D
A ref 5s series C.-. —-1956 J. D
101;
98
Af S
J
Sheridan Wyo
87
84
'
J
6s B.1952
♦Schulte Real Estate 6s..—.1951
Scullin Steel Inc 3s>a.—'
1951
Shawinlgan WAP 4%S——1967
1st 4%s scries D..
^^.1970
San Joaquin Lt A Pow
; 110%
110
'
1110% 110%
O
111 Pr A Lt 1st
105% 107%
136 • 150 .'..-i
8,000
41,000 f 98 f: 102%
103%
17,000 V 98
•>■
98%.101%
■
4%s>...1979
Safe Harbor Water
•
1st mtge
Jan
138% 440
138%
O
A
|3pl|g
102
73
A.—.Jan 1949
.Jan 4949
104% 105% •
;.r':
45
-1948 M N
A
>
T.'
86
1108
J
7,000
17,000
83%
92,000
88%
J
J
107%
106
9,000
.
106% 106%
100%
89%
47,
8181
S
105
105
1*06%
■
Jan
15
S f deb
-I ZJL*-'
*
1
.
-
-
•-
Hti.*
Williams Oll-O-Mat
WMlSon-Jones Co
72
Jan
17%
:
»
12;
.....
s
-
-•!'
r
-
Williams (R
Jan
15
,
"r-V">r
V—.
Since
Jan. 1
107% 107%
107%
8
5%sit.>1949 J"D 100%
99%
1st-A ref 5s series C1950 AfN
1st A ref 4 %s series D—1950 J D
}9T%
-; V:'; >'. Xf'C.f if
94% 103%
%'."S
•
63%
10
67
67
7% 1st preferred.... 100
-8
18,000
94% 100%
158%,
D
M
Pr 3%s — .*--1966
Houston Lt A
Feb
.
'2%
'A#.
i*.'i.1..
Station" y
Common.....
*
Westmoreland Coal....20
Westmoreland Inc.——10
D
M
6% perpetual certificates....— MN
>
-
Western Tablet A
Amer
,97% 100.;.
-
Western
Wilson
Mar
1,000
Jan
•>. 4
Jan
2%
*
100
t
■
•
2%
'100
'3%
3%
3*/*
Coke..—5
Inc—1
Air Lines
1
2%
•'
Mar
94
10
95 -■
Jan
1%
*
29,000
H
Feb
2
Mar
•
2."
94"
'1
Utll $6 prefj.*
Feb
13%
Jan
12%
1%
{♦Guardian Investors 5s..
Jan
Mar
%
■'
—>;
-
±
Jan
k
"
1
-..1,25
Feb ?'
•
.>,'
Wayne Knitting
Mar
»u
Feb
■J w-rV:
•
-
'
*94%
-1941 M S
4a — _ -1950
Great Nor Power 5s stpd.. -1950
..1963
Green Mountain Pow 3%s
-1945
Grocery Store Prod 6s....
-1958
Guantanamo A West 6s...
Jan
81
100
a
6
Jan
6
"
i*«"
-
"6
J
Grand Trunk West
80
5
i.
class A...*
Light 5s. -1978
4%s A.—
{C.obel (Adolf)
Jan;
■
•
-*
extended.
V t c
•7%
:5%
.
-1956 AO
—
Coal 4s.— ..1965
Glen Alden
Mar
4%
400
"'.
Wagner Baking—
Waitt A Bond
4% r,
4%
•.4%
Utll 6 %s A.
Georgia Power A
f
.♦
D
J
-.........
-
Pugct Sound PAL
88%
,79%
88
86%
100
Jan;
100%
99
J99% 100%
86%
J, J
Jan
■
:■( l>';
Co
..1953
'
•
stamped....... ..1944 J J
334s A — ..I960 A. O
General Pub Serv os
•!..
w
Waco Aircraft
Gas—
Gary Electric A
%
15%
3%
"400
%
%
L.
_
J
1949
—1969
Public Service of New Jersey— t
S f Aeb 4s-..
Pub Serv of Indiana 4s...
.1
preferred.;..;.5
$4 conv
Range
•
Public Service
7
G -a
'
Vakpar Corp
Co of Colorado—
3%S.—...——..1964
for
Week
of Prices
High
Price• Low.
Sale?
t;
s
Week's Range
Last
IS
>
:
Jan.. 1
>$
■
■{.
v;
;
(Continued)
Since'--
'
•
Sales
Friday
Sales
Friday
Sales
Friday
A
63
65
N
Works...1950 M S
Bell Telephone of Canada—
1st M 58 series B
1957 / D
1 5s series C—-—I960 AfN
Baldwin Locomotive
114
Nassau A
11234 113113 %
21,000
112
113%; 11334
Convertible 63
-1,000
112% 114%
154% 154%
101 %
99%
102%
{♦Nat Pub Service 5s ctfS—1978
4%$—--1981
6s series A
2022
Nevada-California Elec 53.—1956
New Amsterdam Gas 5s.....1948
New Eng Gas A El Assn 53.. 1947
53.
-1948
102
103%
Conv deb 5s....1.—.*.—1950
Nebraska Power
113% 11534
1114% 116
....1998 Q F
Birmingham Electric 4%s—1968 M S
Boston Edison 2%s
1970 J D
Broad River Power 5s. — .—1954 M 8
Bethlehem Steel 69.
10134 10234
99 %
99% 100%
-rtioo
103
1945 F A
Suffolk. Ltg 5s
2,000
53,000
41,000
153
—
155
101% 103%
«
— —
'
•
New England Pow 3%s..-—-.1961
New Eng Pow Assn 5s
1948
Debenture 5 % 8.. .—i „—1954
:
i.
New Orleans
5s-—1953
Central 111 El A Gas 3%s_ —1964
{Central States Elec 5s..... 1948
5%s..
.......1954
Canada Northern Power
Af- N
J
-83%
D
J
J
r*5**
8
5
Central States PAL 5%s...l953
100
{♦Chicago Rys 5s ctts..—,.1927
Jan 1966
Cities Service 5s.
Conv deb
4%
*
48%
Cincinnati St Ry 5%s A...-1952 .4 0
6s series B
1955 A O
M
100
11%
9%
99 % 100
49
88,000
40
8,000
98
1103
108
78"
D
7234
72%:
A
O
72
72
M S
75
534s.,#.1952
MN
77
«
2*000
77% 220,000
7634
49,000
75-
7734
77
82
v'78
82
.10034
99% 101
"
82*
J
.....1958
.——.—1969
Debenture 5s
,
4
100 34
59—-1950
Debenture 5s
31,000
104
4
9934 100
4534
48%
100
S
101
102
4
85%
79
5,000
34,000
5%
534 108,000
102
M
7,000
8334
83%
3(0,000
87
78
72%
72
,
■
♦
75
15
-19
114
16
f
•
J D
M
A
J
M
J
8
O
84
J
8
D
AfN
109% 110%
119
123%
1110% 111%
123% 123%
84
88%
115%
1,000
84
29,000
51*
"72,066
50%
52
29,000
49
48% .;
51%
90,000
48%
106% 106%
*50%
MN
A
O
J
D
Public Service—.
A-Nov 1949 J
D
1.000
73%
*76*
...-.1954
J.
73
■
76
7834
63
106
85
34,000
73
87%
1,000
1,000
6,000
106
1114%
109
106
:
*:•
J D
5 %s ... — . —
- -1949
Community PAL 5s.——.1957 M S
.
"78-
.
Consol Gas El Lt A Pr
-
122,000
47,000
163 34 103%
111634 120
Connecticut Lt A Pr 7s A. ..1951 AfN
,
5,000
A
O
103
J- J
3%s series A.-1969 F
102
78-
96%
104%
59
A
58%
106
106%
101
105
4,000
60
54
01
41,000
108
108%
Danish
j r;
,
-
rtiV--
,.;
.
1108 % 109
•
-
1105% 108
9934 -9934 100%
A/N
A
22,000
108% 109%
104% 107%
99% 103
13,000
107
16,000
107% 107%
O
3s—.——.1971 A O
Ohio Public Service 4s.. —.1962 F A
Okla Nat Gas 3%s B...Aug 1965 AO
Okla Pow A Water 5s-.t-.1948 F A
1st mtge
(Bait]'
3%s series N..
1971 J D
1st ref mtge 3s ser P.i....1969 J D
1st ref mtge 2%s ser Q
1976 J J
..1945
3%sj.'.1968
High
Low
v;
107%
107
2,000
106
107%
103% 105%
107% 110
105% 108%
103% 104
3,000
103
"106% 107
108
107
107
3.000
103% 103%
108 • 108%
103%
.
Since
'
Jan. 1
$.;•</
-
25,000
J26
104
.
—
.—1953
F
30
12%
126
MN
A
J
29%
t2d
-V—
-
25
^
26
•
25
T-5,000
13
29
f'-
■
•.
25%
9%
13
.35
25
•
t
21%
28
21%
6
10.,
J
,*18
Danzig Port A Waterways—
^
Ogden Gas 1st 5.3
4
5%s....1955
Ext 5s,.
0
Qhlo Power 1st mtge
,>'k
• ■
of Prices
•
Price
♦20-ycar 7s..April 1946 A 0
♦20-year 7s...Jan 1947 J J
Bogota (see Mtge Bank of) ♦Cauca Valley 7s.
1948 J D
103
8,000
104% 104%
96%
103
'
-\
Sale
Range.;
for
Week
Week's Range
Last
Inter st Period
bonds
110%
105
Sales
Friday
101% 104
114% 114%
—~
1102
J
83>4
77
Foreign Governments & Municipalities
108%
67,000
109% 109%
J
106
'
Cities Service PAL
78
74
74
Agricultural Mtge Bk (Col)—
....1956
3348—1947
Nor Cont'l Utll 5%s—1948
Northern Ind Public Service—
5%s series A
D
62%
North American Light A Power
Nor Boston Ltg Prop
t74
D
J
96%
73%
103"103
G 3%s„...-.1964 AfN
J
N Y A Westchester Ltg 4s„2004 J
Debenture 5s...
J
*48% *62%
51
49
■
Income 6s series
1st
{♦York Rys Co 5s stpd-*...1937
Stam ped, 5s.... ..1947
1112
N Y State E A
84%
83%
77
■■
98% 100%
100%
199
F A
♦External 0%s stamped.>.1952
♦Lima City (Peru)
6%sstpd.1958
M
19%
S
i 15
.19 5 8 MN
♦Maranho- 7 s
♦Medellin 7s
stamped.^;—;1961
J
l>
Mtge Bank of B»got8"7si. —1947
Issue of Oct 1927.
—
12
15
;
T
5*660
-
•
14
15
9%
3,000
11%
*.
12
"
"
AfN
♦Issue of May 1927—
-
*"-11% ;J1%
27
!
0
27
; 27
A
26%
25%
5,000
27.:
27 '
27 ;
15,"
18
■
25%
13%
8,000
;
27
22
.
'
Consolidated Gas (Bait City)—
A
O
Continental Gas A El 5s_.r—1958 F
A
Gen mtge
4%s.-——
1951
—«.
.1944
5?
Cudahy Packing 3%s^
Cuban Tobacco
..1955
J
1121% 123
*79*34
M 8
"101%
83% 161,000
64
D
79%:
66
•-
*
101% 102
"8,000
24,000
121% 125%
79%
93%
63
69
100% 102%
1st 5s
Pe
na
—
Electric 4s F..
-
5s series H
Empire District El
53—.——1952
-79
AO
Erie Lighting 53
8134
79--
1123
MS
...-.1967
-82
8334
82
48,000
65,000
1105
86%
78%. 92%
123
128
10434 105
80
2*2,666
106%
123%
104% 105%
105% 107>4
J
V-A
J
5sseries D....—————1954
99
28%
21,000
101% 101%
97% 101%
103%
88,000
-99-
J
1*02%
2,000
28
27%
104%
104% 105%
2,000
103% 105
105% 107
-98%
124
102 "
*
105% 105%
103% 103%
1,000
3%s
j....
106% 107%
3%s. —1964 J I>
,...1970 / J
Phtla Elec Power 5%3_..... 1972 F
♦53 stamped.....;
53 stamped extended
7,000
Finland Residential Mtge
Bank 6s-5s stamped
1961 M 5
1954 J
D
J| 103
140
25
•
10234 10334
103%
103
45
—
,—..1958
8,000
111
113%
39|QO6
105% 105%
A
3,000
111
105% 108
107
1105% 107%
111
116%
105% 106
99%
96%
97%
187
—1950
4%3 series F.....
.1950 MA'
11961 A
O
5,000
103
105%
Potrero 8ugar 7s stpd;;...— 1947 MN
49,000
103
104
Power
Corp (Can) 4%s B...1959 M H
88%
88
96%
1109
110%
1110% 113
I1C034 104%
171
73%
--
J17 - *
18%
•
S
.
15 ;
iooo
,
18%
"3,000
14%
13,000
55,000
10,000
J
"li"
0%s 4-1919 J
Z>
."'1%
1%
1%
J
J
1%
1%
♦Santiago 7s——.1949 J
J
113%
♦Rio de Janeiro 6%s
-—1959
♦Russian Government
5%s—
...1921
—
J
14
-
:
No
n
Under-t he-rule sale,
par
value,
a
Deferred
r
.
.
1
{Reported In receivership.
Abbreviations
Used
.
"cum," cumulative; "conv," convertible;
109% 110%
"v t c," voting trust certificates;
103
73
79
without warrants.
•
"w i."
1%
1
1%
1
13
r-i
——
e
Odd-lot sale,
,
.
v
week.,
,
"'
"M,"
,
.
_
>
"nohs,' consolidated,
mortgage;;\'n-y," non-voting stock;
Aborc—?"cod," certificates
107% 110
100
14%
transacted during current
^
"_•*
•'
18%
10%
Ex-dividend.
t Fridav's bid and asked prise; no sales being
♦Bonds being traded flat.
15
t;'
sale.jr d Ex-Interest,
delivery
Cash sale.
«
13
4
■
107%
196%
;.1940
M
106
9934 10234
Potomac Edison 53 E_
Florida Power Co 4s ser C...1966 J
Florida Pow A Lt 5s
9934 100%
7s.
*
Penna Water A Pow
Pnlla Rapid Transit 6s,.._._1962 M
9934
D
Parana (State)
15
*
I>
♦
103% 104%
105
H
Portland Gas A Coke Co—
Federal Water Service 5%s..l954 Jf N
J
102
104% 104%
*100% 103
,1947 AfN
Penn Pub Service 6s C_
A Fuel 4s.——.1956 MS
Electric Power A Light 5s..-.2930 F -A
Elmira Water Lt A RR 5s... 1956 M S
J
1977 MN
1979 AfN
N
1971
1962 A O
Pean Cent LAP 4%s
Eastern Gas
6s—1931
Mtgo Bank of Denmark 5s .-1972 J
Mtge Bank of Chile
5s...L—1942
Pacific Pow A Llgbt 53..—*.1965
Park Lexington 3s.;.;;;.-.—1964
Pacific Ltg A Pow
of deposit;
when Issued; "w w."
•'
with warrants; "x w,
t
^
;
^
Volume 155
^
.4 ^
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4055
1101
OTHER STOCK EXCHANGES
Friday
Sales
Week's Range
TMSt
Baltimore Stock
?
March
7 to March 13,
Exchange
Hale \
v>>
both Inclusive,- compiled from official sales lists
Stocks
(Continued)
Par
Price
of Prices
Low
High
194
Consolidated Oil Corn
5
Consumers Co
Sales
Friday
Consolidated Biscuit corn.1
com
f
for
'Week
Range Since Jan. 1
'Shares
'
Low
Cincinnati Stock
; ' High
550
Jan
194
734
154
5%
Feb
654
March
Jan
Feb
7
to March
Friday
sh
pt
<
'
i
■
.
■
.
-v
"V
i
v'
i
"
Stocks—
,
Week's Range
for
Sale
of Prices
M'eek
>'
"v'
.
Last
r'
vl
"
Par
Price
Low
'
Vot t c pref part shs
Shares
High
Low
Arundel Corporation....*
J-
">1554
70c
99
99
1094
10'4
12 %
1
i
Kstrn Sgrs Assoc com v t c 1
Preferred v t c..'.
11.94
1
1194
4194
Monon W Pa P S
V:
2094
7% Pfd25
,27
27
;
Mt Vrn-Wdb Mis pref. 100
w
Phillips Pkg Co 5(4% pf 100
Fidelity A Guar2
"
Bonds—
57
B 5s..1975
Md A Penna RR
42
2,300
■:'! 51
^
10194 10194
4%.. 196,1
5594
,
500
March 7 to March 13,
De Mets Inc
91 94
94 94
13 HI
•.,,50
,91 %
Mar
104 %
Mar
1694
7%
270
c7 X
fi
H
AK
,
Mar
92 :
Feb
Fairbanks-Morse
Feb
i.'j,
Sale
Stock*—
'.•*>:,•
>>
Amer Tel A Tel.;.....100
Low
*
com
Fuller Mfg
Co
*
■
118
'
Jan
754
Feb
102 „'
Feb
General Electric Co com..*
Mar
5594
Mar
Gen Finance Corp com...l
^
Taw
Boston A Albany......IOC
Boston Edison
.....25
85
Boston Elevated...... 100
*
8394
2194
4694
2194
48
Boston Herald-Traveler..*
Boston A Maine—
'
••
«
>
11754
Preferred...,.......10
-
Gen Motors Corp com.. 10
General Outdoor Adv com *
"33 94
Giliette Safety Razor
*
com
80
7%
Jan
75%
2194
/
GoodyearTireA Rub
Jan
89
,7
2
2
Class B 1st pref stpd. 100
Boston Personal Pron Trts*
10
5
•
10:
Feb
2494
Jan
5
49-
Mar
1454
Jan
694
ISO
494
13
V
Jan
4
54% Prioi pref—...100
54
4794
49
*
2
2
Pacific Mills Co—
10
22
Mar
>294
Mar
Jan
7
Jan
Jan
594
Jan
Ptone A Webster...-.
Mar
Jan
Common.........
Feb
3294
Liquid Carbonic
2
Marshall Field
Jan
Masonite Corp com
2494
394
Jan
Jan
Feb
Jan
Jan
3K
Jan
10c
Feb
94
Jan
194
Jan
194
294
Jan
24
'
28
Feb
29
Mar
13
Feb
1494
Feb
15c
Jan
29c
Jan
Jan
5
Jan-
Mar
10154
Jan
702
725
50c
26c
2194
8%
894
894
9
28o
>
-
6% prior lien
Feb
64c
Feb
50c
Jan
Common stock
Jan
18
Jan
$1
Jan
639
*
Mar
594
Feb
2494
Feb
Jan
Jan
3594
Mar
72 K
Jan
N Y Central RR cap
5794
Feb
>
4094
;
,
33c
Jan
Waldorf System.;...;;..*
-
r--*
524
40c
1,200
>>V:v18
10294 103
140
694
654
2394
10594 106 %
$2,400
4394
Jan
694
2194
:
Jan
Mar
v
'44
2394
20c
10194
28
,
Bonds—
Amer Tel A Tel conv 3s *56
Jan
,
Jan
Jan
Northwest Bancorp com. .*
North West Util 7% prf 100
794
24
Mar
10794
>";> Friday
i
Sales
Week's Range
Sale
of Prices
High
Low
25
Adams (J D) Mfg com...*
>
40
for
Range Since Jan. 1
Week
Shares
>5
4654
1094
Low
•
425
.
4794
,
'
Amer Rad A Stand com..*
Amer Tel A Tel Co cap. 100
1094
C2594
3-.
•
;
'•-•.-a.
-,
c3694
Athey Truss Wheel cap...4
•
3
-v.-
-a*-,-
3
294
94
-
394
•
-
«
594
Bethlehem Steel Corp com*
Borg Warner Corp com..5
1394
2194
2254
v
94
4894
1094
3
120
Jan
1
com
194
J ^-
194
1294
394
*,
1094
394
10
Burd Piston Ring com_'—l
10
5% conv preferred...30
52
com
Cora'wealth Edison com.25
.
3%
Jan
4
Mar
2994
Jan
2294
4294
Mar
23 94
Feb
265
Feb
52
Jan
V ' 17
2694
Jan
30
Feb
40 94
Feb
.554
Jan
22 94
2214
2894
2894
34
34
34 94
18
34
Mar
594
44
"•494
Mar
4
45
594
,
1094
10 94
1094
147
1054
Feb
3 -094
IK
Feb
194
Jan
34)4
12
Jan
1054
Feb
"
,994
♦
■
994
,J
994
•
;1 %
194
3394
-
7
to March
.
•194
34 54
32%
256
-
Jan
179
—
-
.
W
-
•
30
"
Jan
Mar
I
•
"
Exchange
13, both inclusive, compiled from official sales lists
'
V
7.
Mar
8
Sales
50
27
: Mar
200
%
Low
Price
City Ice A Fuel.;
1
4094
Jan
;''r
•;
Feb
94
.
Feb
L
'
Eaton Mfg
a294
.
670
-
37
Goodrich (B F)__
1194
Jan
Halle Bros pref..^
Feb
94
Jan
Mar
794
Jan
.
Industrial Rayon com..
Interlake
1594
Jan
Steamship..;..*
Kelly Isld Lime A Tr
1294
2794
Jan
Feb
Lamson A Sessions
Jan
Metro Paving Brick..;...*
21%
Feb
26
50
11
Feb
14
Mar
33
Feb
3%
700
3%
Feb
1,250
3%
2%
25%
Jan
7% preferred... i
2894
394
Mar
Feb
100
Prior pref
c
Ohio O 1
6%._
c
Republic Steel
94
Jan
94
Jan
Richmau Bros
14
Jan
Thompson Prods Inc
11
50
Jan
14
:f; Jan
10%
%
6%
20%
c
»
_
-
Feb
30
11 %
Jan
1194
Feb
115
2694
Feb
2794
Jan
Jan
37
"m
U S Steel com....
u p3on-Walton
36
000
-
"Feb
19
' Feb
Jan
2
Jan
194
5
Jan
%
12
Jan
-
40
Feb
4
16
Jan
Mar
9
50
Jan
3 %
Jan
39*."
100
240
454
'
394
202
10
v.
294
Jan
Jan
/
Feb
<
7
2
608
194
38
25
3794
a6 54
06 54
83
694
117
694
al6 54
-
-
a50
01654
2554
a24)4
a50%
5%
1094
194
2594
a23%
a4954
5
1
i...
100
«6554 a6554
694
25 94
s....
15
38
-
-1-
com...
4
4
Jan
Mar
1494
2
a6 94
Jan
~39K
Mar
3994
>
154
*
Mar
Jan
1154
2
,-i...*
Mar
50
18
2
com
Otis Steel.....
74 94
2694
18
»
Feb
Mar
918
18
*.
70
.,tFeb
3
Jan
440
4
-
10
45
,954
-
7 94n Feb
1494 -Mar
294
250
39
-
Jan
1294
1194
02394 02494
1394
1394
3694 36 94
394
394
National Refining (new)..*
Mar
Feb
.
*
694
38 94
a28
4
Medusa Ptld Cement
Jan
30
670
-
H ar b auer Co.
c
Feb
260
100
02594 026 94
1394
i.lOO
Mar
Jan
225
350
2594
1194
...*
9%
25 %
HigKS
894 ; Jan
1494
Feb
,35
1194
12 %
•
30
15
fl28
General Electric com...*
Jan
3%
.
c
Jan
5 94
6
«2 94
7294
70
*
4
%
..
100
2594
3694
Mar
50
H94
.
Cleve Graphite Br com.l
Mar
Feb
Low
200
1494-
1
Cleveland Ry100
Cliffs Corp com.—.5
4
8%
Jan.&.y;
rfr
7
;.
794
a994 alO
,fl994
T...t
..
_
334
40
-
Range Since
Shares
High
.
Cleve Builders Realty
*
Cleve Clff.-> Iron pref.;...*
Feb
>
Par
Clark Controller
Feb
-
41
Jan
Feb
1Feb
6
Jan
17
Feb
17
Feb
2594
75
600
Feb
2994
Jan
694
Mar
71
202
150
5
755
7
310
194
Mar
594
Jan
Jan
1054
194
Mar
100
Jan
1
Jan
Van Dorn Iron Wroks
*
594
20%
Jan
694
Feb
Warren
2
Mar
Feb
West Res Inv Corp pref 100
55
55
25
35
Feb
55
Feb
991
.
%
270
24
Mar
2894
Jan
Youngstown Sheet.A Tubs*
3394
33 94
20
35J4
Jan
3554
Jan
20
%
6%
21
25%
21
Jaa
22
Feb
5
Jan
Jan
150
21
,
2194
Preferred
%
Radio Corp of Amer com .*
Rath Packing com
10
Refining
1094
,194
194
Mar
Feb
cx
Mar
1%
Jan
H"
21
*
60
Jan
66
Jan
24
42
Mar
47
Jan
22
504
41
21%
120
21
%
21
300
%
7%"
7%
2
2
c23
90
100
'
2 54
Jan
Jan
94
7%
Feb
894
Jan
2
Jan
3
Feb
'
Jan
209
21 %
Jan
2694
Feb
894
Mar
994
Jan
57 %
Jan
58
03
700
144
41
144
10
142
70
Jan
14694
Jan
Jan
354
5794
2%
577
2J4
394 Mar
394
3994
Jan
100
8tewai t Warner Corp com 5
Storkline Furniture com. 10
694
Jan
Jan
67
Jan
Jan
Jan
594 Mar
1394 Mar
1994
Jan
15
Jan
2394
154
Jau
Jan
1294
1094
3%
Feb
Jan
4
Mar
cap.. 1
cap..*
Signode Steel Strap pref. 30
So Bend Lathe Wks cap..5
2
common
Studebaker Corp com
1
Sundstrand Mach T'l com 5
Swift A Co capital
25
45%
0%
44%
28%
0%
47%
28%
30
30%
50
1,602
id
654
4494
28%
Feb
Jan
694
2094
Feb
1394
35
1294
5094
Jan
13>4
Jan
70
-
Feb
Feb
Jan
100
he
Mar
94
Jan
200
594
Mar
694
2154
Briggs Mfg com.........*
Brown McLaren com
1
2J4
Mar
5
803
21
Feb
27
Jan
Consolidated Paper com. 10
224
32 %
5
c4%
Mar
4294
409
88
X44%
7494
Jan
Mar
Jan
4394
Jan
Mar
Mar
1194
47%
45%
14
320
145
13 54
49%. 50%
1,066
4994
112% 113%
1%
IK
134
11254
1,300
194
Mar
Jan
Mar
17%
5594
11994
194
Jan
Jan
73%
2%
195
70 94
Mar
750
200
3%
47%
3%
49%
250
194
494
294
8194
294
4%
Mar
Jan
.350
47 K
Mar
200
294
150
1194
51
5294
668
45
52V4
394
Jan
'
294
19
For footnotes see page 1103.
294
250
1994
9,800
294 Mar
19.
Mar
.
Feb
Mar
2394
Jan
Yates-Amet Mach cap- ..5
Yellow Tr* Coach C1B..I
2H
3
cllK acllK
1
8%
9'4
894
3
33 94
2
420
394
33 94
749
3094
294
650
1,550
394
75c
75e
Houdaille-Hershey B
*
Hurd Lock A Mfg com...l
9
9
52c
53c
47c
300
Jan
99c
Feb
Mar
1094
Jan
Jan
66c
Feb
Jan
70c
Kresge (SS) com
1
10
Masco Screw Prod com.-l
53c
47c
"19
194
19
194
125
20
9
30c
Jan
200
194
Feb
McClanahan Oil com..
16c
20c
,
1,000
1
1
}
400
75c
Michigan Sugar pref-... 10
754
754
V
155
4
Jan
Mid-West Abras com.,50c
1
1
20C
62 K
Jan
Murray Corp
594
594
100
Mar
3%
Jau
Packard Motor Car com..*
294
294
285
Feb
1394
Jan
Parke, Davis
com
com
.10
*
10
Jan
Peninsular Mtl Prod com.l
25
594
63c
25
425
65c
20C
194
Jan
23c
Jan
194
Jan
8
Jan
154
594
Jan
694
-
-
Jan >
Jan
90C
Jan
5
-
1,025
6
Feb
Jan
16c
Michigan Sugar com...-.l
Jan
2154
Mar
194
Jan
60c
Mar
45c
20
1,063
Jan
Mar
Feb
354
3494
294
Mar
Mar
2
2,950
Parker-Wolverine com...*
650
2
Feb
Jan
Cenlth Radio Corp com..*
3
3394
5
Jan
Jan
994
3
10
Graham-Paige common.. 1
Klnsel Drug com
70%
2%
4%
282
com
Mar
Westnghs El A Mfg com.50
Williams Oil-Q-Mat com."
994
Gar Wood Ind com
Goebel Brewing com
•
Jan
Jan
Jan
»
Mar
Mar
994
Gen Motors
48
Feb
5994
Feb
Jan
.*
Feb
2
154
1394
2634
cap
494
Feb
354
154
18 %
Wrigley (Wm Jr) Co
Jan
154
354
Frankenmuth Brew com.
Jan
Feb
394
17
Federal Motor Truck com *
Jan
110
17
com...5
Jan
Mar
10594 Mar
894
Jan
Jan
100
100
194
Feb
1194
10
Jan
2
136
10
994
1694
33
Jan
1
Feb
39
Mar
1
Jan
8
2394
Jan
1854
Mar
3094
115
29
Jan
85c
154
400
781
400
1794
100
154
460
32 K
6,415
85c
154
9%
Woodall Indust common.2
Feb
85c
02%
Jan
194
Detroit-Mich Stove com..l
13
194
Jan
Detroit Gray Iron
24%
54 Mar
78c
Detroit Edison com
12K
^
2,570
Jan
10% -17
6,250
194
1754
Jan
24
1
194
Jan
Walgreen Oooommon...
54.
3194
194
394
Feb
Jan
25
9%
*
Feb
2494
59%
com
60c
394
17% Feb
22K Mar
1994 Mar
Western Un Teleg com. 100
Jan
560
285
2,400
Wayne Pump Co cap....l
Feb
Jan
Mar
210
Det A Clev Nav com
Jan
794
Feb
75c
Feb
Jan
1894
14
Mar
354
5
Feb
Jan
Jan
74c
19
43
Feb
1554
354
Jan
100
94
"74c
300
Jan
4
Feb
480
Mar
1694
1394
4%
19
95
20
200
14
Continental Motors com.l
34
50
14
Consumers Steel com
10
5
Mar
Jan
501
1654
Jan
694
340
Jan
250
•is
194
1,018
Feb
Jan
4,200
Feb
Jan
1,000
6
300
1
394
1794
194
754
1794
194
694
694
9%
preferred... 100
654
Mar
18
cl3%
694
Mar
32%
5034
Jan
Feb
3
8c
357
100
675
8%
20
Feb
oc
794
394
6
30%
5
High
Mar
694
Jan
25
cum
394
1794
194
Burroughs Add Machine.*
Union Carb A Carb cap..*
United Air Lines Transp—
7%
1
Baldwin Rubber com
Jan
31
Utah Radio Prod com
200
Jan
Texas Corp Capital
Trane Co (The) com
*
6c
494
23%
21%
U S Steel common..4
6c
3294
22%
19%
Capital
-100
Feb
5
1854
22%
Low
Shares
High
ow
694
Mar
29
94
1694
Range Since Jan. 1
for
Week
of Prices
694
354
100
9594
5
Sales
7eek's Range
com...5
City Brew common. 1
200
G
"~~4%
Price
Atlas Drop Forge
965
20
U S Gypsum Go com
Par
Stocks—
3%
22%
Feb
he
Sale
3%
3%
c2%
21%
8wift International cap. .15
25
29 94
3594
he
Last
c32%. 34%
"30%
......
Feb
Jan
Mar
41
Feb
Mar
Mar
Exchange
to March 13, both inclusive, compiled from official sales lists
Jan
Jan
Jan
Jan
494
5894 Mar
7
Friday
c2%
6794
Standard Oil of Ind cap.25
Standard Oil of N J cap.25
Feb
Detroil Stock
March
Feb
Mar
Feb
Jan
Jan
DETROIT
a
Telephone: Randolph 5530
Feb
%
520
24%
c8%
58
Ford Building
Jan
41
Chicago Stock Exchange
Feb
21
Sears Roebuck A Co
Feb
90
Feb
%
70
202
Jan
394
he
194
1,400
65%
22%
Jan
350
6
1%
63
>
New York Curb Associate
Detroit Stock Exchange
Auto
394
58
Feb
Jan
21%
65%
Standard Brands Inc com.*
3
1594
1294
50
Member*
New York Stock Exchange
Jan
Spiegel Inc
100
Jan
300
S
854
Jan
1J4
Jan
10
14%
11%
Feb
Feb
10
14
14
Schwltzer-Cummln8
Mar
1054
Jan
Jan
94
20
Feb
994
Jan
3754
394
100
1154
Mar
Jan
Jan
400
Jan
7%
7%
5
Mar
194
1294
1094
394
Jau
50
Watling, Lerchen 8l Co.
Jan
Mar
1094
19
94
394
594
6 94
Feb
.
Feb
294
150
Jan
Feb
6
Mar
2794
100
4%
1694
50
1,100
Jan
Feb
•
218
150
2254
Jan
2394
20
17%
323
594
.
c!0%
94
32 %
Jan
10
9%
1094
200
11%
<
2794
950
.
100
.11
9K
Jan
Republic Steel Corp com.*
3754
294
158
50
Jan
Jan
Mar
Rollins Hosiery Mills com 4
4
527
..100
..
Jan
Mar
550
6%
749
8
8%
150
.
Jan
Mar
700
4%
3%
25
100
V
10
7%
100
Mar
'
8%
20%
305
11%
ii
1
31
"
25
c8
V
3094
454
Mar
4%
120
4%
9%
Jan
2594
235
105)4 10594
294
Mar
2694
114
: 43%
American Coach A Body.5
Jan
1094
2294
594
1694
19
Jan
102 94
22)4
-10
9
6%
Process Corp (Tbe) com..*
Pullman Inc capital
*
Wisconsin Bnnkshares
Cities Service Co com—.10
32 94
Mar
'
Friday
Feb
9594
54
3194
Mar
2894
5
Mar
26
102
;
Cleveland Stock
March
Feb
74
5194
34
5
>2694
21
Jan
17
58
,
-
27
4454
*
—
...
394
1
2594
he
»
Chicago Corp oommon—.1
Convertible preferred-.*
Chicago Towel Co conv pf*
Chicago Yel Cab cap—..*
Chrysler Corp oommon...5
1694
Mar
Mar
—
Jan
Mar
1994
he
Chain Belt Co
Mar
68
44%
12
150
5)4
*
103
26
102
'
Mar
Jan
50
.250
5094
..*
;
3%
10
U 8 Rubber Co com....10
Cent S W Util com.—.50c
Cent States Pw A Lt pref.*
13
8
150
6
he
......
Jan
11
20
594
-4——
Preferred._
5%
41
13
Convertible preferred--*
Jan
Jan
2
•:"■* v'
Jan
1054
Mar
20
594
20
Central 111 Securities com.l
Prior lien pref
12
41
1194
Cam pbell Wyant A Can Fdy
Capital
*
Cent 1U Pub Serv $6 pref.*
100
998
'
Butler Brothers
Mar
Jan
Reliance Mfg Co com... 10
Jan
Brown Fence A Wire-
Common
120
Jan
Mar
Mar
994
2054
50
394
394
Bliss A Laughlln Inc com.5
Bruce Co (E L) com.—..5
eap
2094
394
3594
594
6094
394
1394
C5894
Binks Mfg Co cap.......1
Bunte Bros
Peoples G L A Coke
Perfect Circle (The) Co..*
Potter Co (The) com
Pressed Steel Car com
13394
2894
394
594
Jan
Jan
1,783
3454
-
_
100
'20%
4%
60
305
394
Berghoff Brewing Corp.i-.l
Feb
9
2
50
123
120
Anaconda Cop Mln cap.50
Armour A Co. common..5
,4694
32
49
Mar
10
2054
.2594-2554 >
c4%
494
•4%
3894
*
2054
AJlis-CbalmersMfg Co—*
:
17
2054
Feb
94
1494
for
High
250
1094
294
1094
Allied Products A......25
102
...
100
9%
Pure Oil Co (The) com...*
■
"
294
Aetna Ball Bearing com..-1
Belmont Radio Corp.... .*
Bendix Aviation com....5
:
3894
Advanced Alum Castings.5
Aviation Corp (Del)
30
Jan
3,850
25
5
com
6% preferred....... 100
Penn RR capital
Quaker Oats Co common.*
Abbott Laboratories com.*
General Motors
'11
c4%
(The) comlO
Peabody Coai—
■
.3
Mar
4
28%
3%
3%
3%'
694
Parker Pen Co
Feb
'
Price
_ri.
11
Paramount Plct Inc com.l
10594 Mar
13, both inclusive, compiled from official sales lists
Par
2694
361
194
21
26
-25
—
11
Nrthwst Airlines Inc com.*
Chicago Stock Exchange
iange
Last
2~
20
Jan
550
12%
3%
Northern 111 Finance com.*
Class B
a
Feb
102
-10
Columbia Gas.......
Feb
-
200
30
28
894
Feb
46c
105
'■■> > •',' ,>'
com.
354
28%
3)4
North Amer Car com...20
.
50
20
1,161
; ,33c
,'u
Warren (SD)Co.—_»
Atch Top A S Fe com.. 100
-
Noblitt-Sparka Ind cap..5
-■
4194 >»'' 370
——25
Vermont A Mass Ry ColOO
Automatic Washer
11%
National Standard com. 10
5254 Mar
5094 Mar
4094 Mar
Mar
17
Week
355
8%
%
* 30
Nash-Kelvlnator cap....5
Natl Cylinder Gas com
1
32
Mar
16
14
Jan
Jan
90c
40 "
5194
:
Utah Metal A Tunnel Co. 1
com
•
24
Mar
102
107
of Prices
433
%
-21
50c
5094'
Acme Steel Go
30%
9%-10%
20%
26%
c22% 22%
Modine Mfg com...
*
Montg Ward A Co com..*
494
54
"
-
Muskegon Motor Spec A.*
100
15
17
20
Week's Range
15
Jan
268
102
16
Last
500
Jan
50c
..
20
Sale
6
10
454
102
f-
Jan
14
24 94
10
494
494
,
Jan
Jan
6
Jan
Jan
894
94
14
Feb
50c
;
United Shoe Mach Corp.25
Stocks—
%
894
'
60
5454
.,.■>.•;V:*>>■>
..
%
894
19
206
>
Jan
7>
Am Rolling Mill
City Ice A Fuel
Mar
894
Jan
•
35
•'/
10
7
V-37
,
J.054
8%
%
t c..
v
,754
Jar,
500
*
,
894
894
Mar
12
1,6.50
5
prior preferred
754
68
Feb
Miller A Hart lne—
Jan
1494
67
Feb
Mar
3%
....100
20c
>> 70
30c
1794
2294
894
•
Jan
7
%
4%
Midland Util7% pr lien 100
Middle West Corp cap
994
Jan
8K
4
Midland Un Co conv pf A
494
9294
96
1294
Mar
26
100
3%
*
100
Feb
694
150
8 94
1094
275
25
.
140
4
*
S2 cumul part pref
794
115
Faultless Rubber.......
com.
Miekelberry's Food Pr coml
-60
"
Jan
"
5
5294
„•
28%
r>
Mrchnts A Mfrs Sec comA.l
Jan
2294
':V
170
3494
7-.:
7
28 %
McQuay-Norr|S Mfg com.*
25
March
7%
8%
3%
Martin (Glenn L) Co com 1
McCord Rad A Mfgcl A..*
10c
>
100
5454
to
13
*
com
77
65
754
26
»
Unlisted—
Feb
Feb
Feb
3494
7
7
50
12
6%
Lindsay Lt A Chem com.*
Jan
Mar
Jan
"
*
194
5094
>
Feb
50
*
6
United Fruit Co—'——."—*
March
T%
50
7%
*894
7
com
40 '
Union Twist Drill (k>.—.5
pref
Common
25c
35c
Torrington Co (The)..—.*
cum
-100
7%
28
Jan
•v
Feb
i. 50
>;
16K
Suburban Elec Sec Co com*
6%
1094
12
12
La Salle Ext Univ com...5
Leath A Co—
494
+ «
2294
*
...700
-8%
8%
7%
7%
.50
Llbby McN A Llbby
Feb
8
654
102
*
c
Jr cumul pref
Mar
1394
Reece But Hole Mach Co 10
*
U%
4,
Jan
Jan
30
100
2
9294
1654
Pennsylvania RR.—...50
Jan
119
Jan
68 94'
21V
+
•
Mar
11%
Feb
594
Jan
694
2
~.i~oo
....;
—
Wurlltzer...
Feb
Jan
Kentucky Utilities—
25c
35c
V-m
«
_*
Shawmut Assn T C
11
i
■
i
1394
i-.
9294
North Butte...2.6G
6 94
13 94
Jan
...*
1100
—..
Feb
117
460
.
.
Kellogg Switchboard com.*
Jan
494
Old Colony RR.;.....100
Feb
.439
,.,..51
494
30
29
13 H
•J
6
V 250
13%
-
1,000
!
794
68
102
Playing Card...; -10
U S Printing pref.
-50
Jan
Mar
86
>794
16
Procter A Gamble.—.
Jau
394
45%
3%
7%
Jan
■
154
+
3
Mar
68
Mar
123
f'
,
10c
1
29
50
-'C
Mar
3%
68
44,;;
210
3K
10c
»'l
Narragansett Rac Assn.-l
New Engl Tel A Tel.-100
29 K
2
83
:
44%
27*4
194
V
2394
3K
10c
Isle-Royale Copper Co—15
Loew's Theatres (Bost) ..25
Mass Utll Associates vtc.l
.50
1,450
:
2%
26
~
3194
23 v
Lamson Corp tDel) com..6
Jan
Mar
Mar
754
U S
Jan
794
20 '•
Lukenhelmer........
Feb
74
794
—;*
Kroger..!.
Mar
1%
3%
OK
12%
1
37
T45
5
494
94
5%
26K
*"
100
305
Inland Steel Co cap—..,_*
Jan
Jan
Mar
54
300
-
Internat Harvester com..*
157
28
3194
Empl Group Assoc T c.._*
Gillette Safety Razor Co.*
Hathaway Bak cl B—... .*
10
%
49
2794
194
y
6% preferred
Mar
-
27 H
East Mass St Ry com—100
Preferred,
23%
6
"ilk"
Lincoln Printing $3 94 pref *
6% preferred.... w —"100
Eastern 88 com....
1,023
4
4694
2894
194
594
4094
3594
203
'
Kahn 1st pref
Jan
Mar
119
—.*
Hobart A.
Jan
394
394
119
.
.100
—
———.
Part pref......
Jan
894
Jan
13
294
,
•
Eastern Gas A Fuel Assoc—
Common.....—.... *
,734„Mar
Art.'.
Jan
119
*:io
Hatfield
Feb
6
Jan
V
Feb
: 894
.
Jan
16
200
7
14%
3
Jan
"214
554
394
:
394
3794.
Jan
Gibson
Jan
Jar
2
694
..
Formica Insulation.
Jan
Feb
•*
5
3%
■
Indianapolis PAL com..*,
Mar
'I'- 9
155
294
894
2194
294
80
...
.'.
Preferred
Mar
9
30% .Mar
100
41%
Illinois Cent RR com..100
594
194
90
2194
3
Jan
Stocks--
91
2
58
494
554
Copper Range...,.—...*
150
„•
2194
294
554
*
-
331
294
2
954
Boston A Providence. ..100
Brown A Durrellcom....*
754
-
Jaa
Crosley Corp..
Eagle-Picher..
Jar
10
23
74
794
68 !
19
High
3
294
74
.100
320
20%
'
•
Low
294
-
•3
294
..60
Mar
994
Katz Drug Co com
Class A 1st pref stpd. 100
-19
350
6
*
Jan
11
Jan
125
1
com
Mar
4294
„
>>
<-
Prior preferred...... 100
Calumet A Hecla
332
1194
Jan
200
3%
*
com
Horders Inc com
Hupp Motor Car
Jan
4894,
12
Mar
t.70
Hein Werner Motor Parts 3
Hlbb Spenc Bar I lett com 25
Jan
■
y,-r.
Jan
V 100
2
Goldblatt Bros Inc com..*
13454
Feb
3,338
Mar
9%
1794
,
4%
"Ik"
103
Mar
98 K
333
23
11
w'
0.
994
8594
10
44%
c23% 24%
1% ' 1%
3%
5%
26% 31%
32% 34 %
Houdaille-Hersli.jy cl B__»
>994
Mar
200
44%
Hnmischfeger Corp com. 10
llelleman Brewing cap...l
High
5
>
400
7%
4
Gen Amer Transp com...6
6,960
98%
6894
*
19%
Range Since Jan. 1
Shares
High
19%
3
;"5
Cincinnati Telephone. -50
Cin Union Stock Yards..*
Feb
794
24%
Low
19%
....
C N 0 A T P pref
Feb
60
Week
11754 12394
.Preferred.......100
Feb
,
_
Cincinnati Street
Jan
Mar
3%L 8%
400
.
"6
6
1
com.
51%
•
Blgelow-Sanford Carpet Co
Bird A Son Inc...
9
7%
Price
Cin Gas A Elec pref... .100
Jan
654
>
n%
18% ;ih%
3
3%
30% 3054
Four-Wheel Drive Auto. 10
Range Since Jan. i
Shares
High
50
M
m.,... 8%
.
for
of Prices
Price
Par
Sales
V
,
'•'•
u
'
FitzSlmonsAConDADcom*
Exchange
Week's Range
;
*
}9% 20%
3%X 3%
Elee Household Utll Corp. 5
Great Lakes Dr & Dk com*
Last
.
Jan
1394
Week
Am Laundry Mach... -20
*
Churngold
.'....
Jan
13 %
,
Par
Cincinnati Ball Crank
93
pref.......,*
Jan
both inclusive, compiled from official sales lists
Friday
Jan
Jan
12 94
for
of Prices
*
Stocks—
Feb
14
1394
Mar
Dodge Mfg Corp com..,.*
Eddy Paper Corp (The).:*
-
Boston Stock
110
1094
General Foods common..*
1
Jan
1254 Mar
95
Dixie-Vortex Co com..,.*
Feb
97»
Jan
10154
5594
2,000
6594
Jan
Mar
•
25%
Jan
>
Mar
105
10H
Deere A Co common....,*
c*
$18^,000
12
80
■>378
1054
Curtiss- Wi igbt Corp com. 1
19
Jan
10
C.
13%
Sales
Week's Range
Sale
Feb
Last
Jan
594
10%
Dayton Rubber Mfg cora.l
7694
28
Mar
J
,.
5194
-
22 94
Jan
9494
.58' ;
4994
-....J
Mar
88
22
100
Jan
31 '
Jau
94
Jan
1254
1294
Cunningham Drug Stre 294
Jan
Feb
Feb
Feb
Jan
.
'
1,365
:
Jan
1594
1694" Mar
55
2494
,y,
flat....:'i..-1975
116
>72'
%
4%
108% 108 94
30
7% cumul pref...
Jan
Feb
51
Mar
> 400
;r> 7 38 / 2694
90
2394
"
Jan
Mar
Common.;.!——
Jan
1194
954
24.94
2094
10
10
Cudahy Packing—
103
Mar
108
117
•
Jan
1294
Crane Co common..25
4194
195
51
r,27•1
88
":239i
Bait Transit Co 4s flat 1975
A 5S
200
>
•;
4
75
1694
1794 V--■ 309
'
-5
9694 >9694
New Amsterdam Casualty2
Mar
"1094
75 .>
Northern Central Rv;i.50
Mar
4%
Continental Steel pref.. 100
Jan
•
Jan
99
77
Jau
95c
,594
5294
Jau
54
494
h.
5
_
17%
Jan
,
43%
30
■;•>-■■•
108
100
.
178
4194 '4194
> 110 >
2894
2994
20% 21
Fidelity A Deposit.;.;..20
Eidelty A Guar Fire CorplO
Houston "Oil pref. 1.
71c
5-
46
100
Davison Chem Co com...l
293
1494,
401 ■>>' 50c
4
571
16
,.>•454
43.94
"4394
Consoi Gas E L A Power.*
4% pref C..._
'
""71c 'fi
Transit Co com v t c. *
1st pref v t c...iw-100
—
Container Corp of Amer—
Common..
20
High
i
Bait
Common ptsh v t s B._*
Range Since Jan. 1
Exchange
13, both inclusive, compiled from official sales lists
Jan
2
25
-
694
56c
-
Jan
294
Mar
27
Mar
Mar
1
Jan
Jan
Jan
694
Feb
75c
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1102
Monday, March 16, 1942
OTHER STOCK EXCHANGES
Friday
Sales
Friday
*
Stocks—
Par
Prudential Invest com.._l
River Ralson Paper com.."
Scotten-Dlllon
com.....
Week's Range
of Prices
Low
High
Week
Price
'■
1%
; 1%
1
*
2%
15%
2%
Feb
Price
a44%
Socony-Vacuum Oil Co. 15
Southern Ry Co.
*
14%
2%
Mar
100
Mar
6%
1%
Jan
;"~1%
Jan
Swllt & CO.:.—....—25
30
100
29%
Feb
33
Jan
Texas Corp (The)
Jan
Low
Stocks
High
Par
(Continued)
3
53%
Jan
0%
Mar
Jan
8%
Feb
Magrin & Co (I) com....*
March Calcul Machine....5
18%
Jan
hrice
Low
985
18
/•
3
Mar
5
.Jan
40%
Jan
N atom as Co.—
Jan
24%
Jan
30
,
Tide Water Assoc Oil Co. 10
1
2%
2%
4%
4%
2%
Mar
8
31
Mar
35%
Feb
Occidental Petroleum.;.. 1
Mar
5%
Feb
8%
Mar
100
.....
U S Radiator pref——.50
8%
'
Mar
10
Feb
135
8%
1
Warner Aircraft 00m..
1%
•2%
■'!
100
Wolverine Brewing com..l
3c
3c
1%
Jan
IX
2%
4%
;4%
111
Jan
2%
Jan
3c
'
Jan
6C
14
Jan
12%
120
12
Feb
12%
1.30
1.35
800
-8%. .,.8%
1,020
6
4%
Mar
4
A."
United Air Lines Transp. .5
023%
224
02%
Mar
30%
135
28%
a9%
a9%
25
49%
49%
299
49%
04»%
(l±%
o69% a73
159
a9%
Corp—.....>
5c
4%
Angeles Stock Exchange
to March 13,
both inclusive, compiled from official sales lists
Feb
Feb
04%
34%
Mar
65%
Jan
Feb
5%
Jan
Jan
o(59%
118
5
to March
Week's Rangi
of Prices
Friday
for
Sale
Week
Par
Low
Aircraft Accessories Inc 50c
Range Since Jan. 1
Low
High
1.7(
3,300
1.50
Jan
100
%
Mar
1.50
%
1.60
1,30(
1.50
Mar
55c
55c
250
52 %c
Jan
6
6
395
6
8%
Jan
1.50
0
Par
Stocks-
1.85
Jan
%
Jan
%
Bolsa-Chlca Oii oom_—1
Broadway Dept Store
•
-4i..
•
•
...
c
Jan
Budd (E G) Mfg
Jan
Budd Wheel Co—...
*
*:'• '•
Mar
Calif Packing Corp com..*
al6%
Cessna Aircraft Co
1
a!0%
a
18%
Jan
19
*
Co
Feb
12
Jan
80c
Mar
80c
Mar
Jan
52%
Mar
35
260
5
*
4%
100
19%
2%
19%
19%
100
100
2%
44
a61% a62%
Feb
46%
210
4%
Preferred...........
Creameries of America...1
11%
Mar
5
4%
18%
Mar
2%
6
Mar
5%
Mar
20
3%
Feb
64
64
Jau
Jan
Prior preferred...
Equip Co...5
5%
FarmersAMerchsNatBklOO
5%
6,131
11
a380
a3S0
33 X
Goodyear Tire & Ruhr Co *
/
Jan
Feb
Mar
5%
380
Jan
6%
385
Mar
33%
891
33%
120
al2% al3
31%
Feb
11%
Jan
34%
11%
20
20%
209
28c
12,025
a20% a21%
Common...
Jan
168
Mar
20
24
20c
20c
1
33c
Feb
23
Jan
Jan
12%
Feb
Mar
134%
Jan
16%
Jan
16%
2%
6%
Mar
3%
Jan
Jan
7%
52%
Feb
"52%
2%
2
10
52%
218
50%
U16
"l5%
U16
15%
"33%
15%
31
32
32%
34%
44%
1,900 x/- %
250
15%
921
29%
1,089
29%
115
75
25
25
4%
Jan
Feb
Mar
Jan
Mar
%
Jan
18%
Jan
Jan
32%
Mar
Jan
] 12
34%
Mar
Mar
116%
Feb
50
pf.100
-s—.*
;
;
—
Mar
3%
Jan
1%
Mar
3
Jan
3
1,312
2%
Jan
3%
Jan
981
19%
110%
Mar
879
22%
23
30
8%
Mar
12%
12%
13%
102
12%
27%
140
25
21%
21%
20
21%
2%
2%
200
2%
31%
31%
31%
30
31%
50
49%
49%
8%
8%
50%
156
%2
3ie
126
14%
129
45c
Jan
46c
Feb
United Gas Improv com..*
Preferred
*
1.30
Jan
1.90
Jan
Westmoreland Inc
1,000
4c
Jan
—
4%
99%
.10
Westmoreland Coal
24%
20
Jan
116
Jan
Feb
Jan
<31%
10%
Mar
26%
13%
4%
800
Jan
Jan
5
Jan
173
^ 30%
*
'Vi 200
—
2%
320
——*
-_...--*
Preferred
Jan
273
Jan
27%
...
United Corp common
Jan
27%
2
21%
30
.....50
1
Scott Paper...-
Mar
.
3%
110%' 111%
22%
PhilaEIec Power pref...25
Philco Corp..
...—3
-.50
——_.50
25
418
3%
2%
•:
5
-4%
4%
2%
3
45c
1.30
9%
117%
6%
Penuroad Corp vtc....-l
2nd preferred
Feb
Mar
20
Jan
6% 1st preferred.—.25
5%% 1st pref.
.....25
24%
24%
25 %
2,203
24%
Mar
29%
Jan
22%
22
23%
1,848
22
Mar
27%
Jan
26
27%
746
26
Mar
31
Jan
%. $5 dividend.
91%
92%
20
91%
Mar
—
11
Jan
15
Jan
27%
Mar
Jan
22%
Feb
Mar
3%
Jan
Mar
36%
Jan
Mar
55%
Jan
33J
Jan
Jan
13aa
Mar
13%
6%
Jan
Jan
106%
Jan
16%
4%
99% 101
11%
12
7,723
4%
Mar
339
99%
Mar
78
10%
Jan
12
18%
20
16
Jan
19%
18%
.
Jan
1
Oceanic Oil Co..
35c6
1
Pacific Finance Corp com 10
Preferred cl C...
9%
10
%% 1st pref
35c.
100
85
86
100
140
140
1
com.
0%
Jan
9%
Mar
17%
Mar
9%
17%
603
20
688
27
26%
Pacific P S 1st pref.......*
310
all
all%
25
75
Jan
25
Mar
Jan
March
7
to March
1.55
1.60
1.55
30%
Jan
Friday
11%
Feb
Last
Mar
1.80
Jan
Richfield Oil Corp com...*
7
7
161
7
Mar
8%
Roberts Public Markets..2
7
7
200
7
Mar
8%
Jan
4
4%
300
3%
Jan
5%
Feb
a38% a38%
Security Co units of ben int
25
88
Sales
Week's Range
of Prices
High
Solar Aircraft Co
1
2%
*
3%
2%
3%
>
Jan
24%
25%
Par
17%
25
6% preferred B—...25
17%
Blaw-Knox Co...
Mar
Mar
25
906
480
23
586
25%
285
11%
Jan
18%
28
28
20%
Mar
4
>
a8%
■:
4
V
1,794
a8%
Universal Consol Oil
11%
25
Mar
18%
7
Jan
1%
Jan
Jan
10
12%
1%
12%
226
166
900
12%
1%
1%
Mar
1%
1%
15%
100
14%
...
*
..1
Jan
Harb-Walker Refrac com.*
1%
14%
Jan
Jeannette Glass pref
46
Jan
KoppersGas & Coke preflOO
90
Lone Star Gas
13%
22%
34%
Feb
Mountain Fuel Supply.. 10
Mar
4%
Jan
4%
2,262
11%
Mar
6%
155
6%
Mar
13%
7
Jan
70c
Jan
Mar
3%
Mar
56%
102
55%
Feb
Jan
Jan
Jan
Pitts Screw & Bolt Corp..*
55%
4%
"17%
Westinghouse El & Mfg.50
69%
1%
100
1%
Feb
2%
4%c
4%c
1,000
Mar
4c
6c
-
■
Feb
4%c
American Tel & Tel Co. 100
Anaconda CopperMln Co 50
a26
a26
100
94
864
Jan
7
to March
95
129%
Mar
Alaska Juneau G M Co.. 10
Feb
28%
Jan
Anglo Calif Natl Bank..20
Jan
35%
Feb
Mar
18%
-
•
Stocks—
235
Atlas Imp, Diesel
a3%
a59%
30
3%
Feb
4.%
Jan
69%
Mar
80%
Mar
Jan
Byron Jackson Co.—
*
10
39%
Jan
10%
39%
46
60%
22%
Feb
60%
Feb
99
2%
Jan
3%
A25
Southern Pacific Co
*
Spring Valley Co Ltd
22%
Feb
Calaveras Cement
19%
al%
a34% a34%
a2% a2%
«8%u8%
19%
19%
a7% a7%
23%
a27%,
23% 23%
a27% a31%
Cities Service Co.——*_10
Solvents.—.*
Continental Oil Co (Del).5
Curtiss-Wrlght Corp
1
General Electric Co..
*
General Foods Corp
9
38
13
Feb
-
38
Standard Oil Co of Calif..*
Feb
a
a
25X
14
al4
2
Union Oil Co of Calif...25
High
...*
32
a38% a39%
Montg Ward & Co Inc...*
Jan
2%
8 %
3%
3%
3%
300
3%
Mar
7%
7%
100
6%
Jan
4%
7%
Mar
103%
Vultee Aircraft
Cent Eureka Min Co com 1
Clorox Chemical Co
Mar
Jan
295
a24% a24%
145
40%
12
1.00
1.00
11
11
*
a8
a8%
155
al2
al2%
112
8
168
North American Co
2%
19%
40
300
252
94
1.00
Mar
1.25
Feb
10
11%
Mar
Jan
Mar
34%
Feb
Feb
40%
Feb
8
Mar
28%
1.25
2%
Jan
1st preferred
8
a 6X
Packard Motor Car Co...*
2
Paramount Pictures Inc-.l
a
Pennsylvania RR Co...50
Pure Oil Co
;
....*
a 22
13%
*
*
For footnotes see page 1103.
a6 %
a6 %
2
al3%
2
10
490
23%
Wells Fargo Bank & U T100
14%
100
a21% a22%
9%
9,088
11%
11%
16
16
4
Jau
4%
Mar
.13%
Jan
Jau
16%
Jan
Mar
6%
100
2.7b
450
2.50
Feb
11
11
11
Feb
Jan
9%
247
8%
13%
Mar
17%
67
2.25
7
preferred.25
215
251
-7
.
14%
14%
Jan
3%
301
200
235
2.25
Western Pipe & Steel Co. 10
Jan
13%
215
2.25
Jan
7
9%
9
215
Feb
6
195
6%
12%
Jan
Feb
6
11%
12%
1,161
2.50
2.50
1
Western Dept Stores com.*
189
4
4
:
4
11%
Mar
2.25
200
Jan
Jan
Jau
270
Jan
2.25
Feb
7
290
12
Feb
Feb
7%
Jau
Jau
15%
Feb
Feb
13%
4%
Jan
Unlisted—
100 all8% all8
Amer Tel A Tel Co
a4%
50
a!23%
25%
1,578
«4%
Amer Rad & Ptd Sanitary *
Anaconda Copper Min. .50
25%
Argonaut Miciag Co....5
1.25
Atch Top &
Del....3
Befldix
Corp...6
Aviation
V
Cons Edison Co of N Y..*
Oil Corp...*
Curtiss-Wrlght Corp
i
.7%
*
*
Electric Co
128%
Mar
28%
Jan
3,886
1.25
Jan
1.50
Feb
37%
Mar
37%
495
29%
Jan
<23%
20
3%
Feb
4%
Jan
70
32%
Feb
32%
Feb
34c
34c
232
? 30(5
Feb
40C
Jan
11%
5%
7%
Mar
13%
Jan
6%
Feb
a2%
305
310
415
70
430
23%
Mar
28
2.40
1,175
2.00
Mar
4
50
2%
Jan
240
32%
Mar
6c
a2
32%
32%
Feb
8%
Jan
Jan
27
29%
Jan
Jan
Jan
2%
36%
Jau
Mar
9c
Jan
Mar
27%
Jan
Jau
'
!
6c
3,300
8c
25
25
12%
200
25
1.80
1.80
North American Aviation 1
Mar
7%
28%
24%
2.00
—..1
•
77
12%
5%
:
a2
M J A M & M Cons
Jan
a35%
a2%
11%
5%
7%
28%
23%
Cities Service Co com... 10
Feb
25%
■
«3%
a35
Blair & Co Inc capital—.1
4%
125
249
1.40
37%
Santa Fe_.100
Aviation Corp of
235
1.80
Jan
2.60
Jan
12%
80
11%
Feb
Jan
8%
Fell
13%
8%
1.50
1.50
33
1.50
Mar
2.50
Jan
1.15
1.15
300
1.15
Jan
1.15
Jau
Mar
44%
a
a7%
North American Co com 10
Preferred........... 100
Packard Mr.tor Co com..*
2
70
d7%
2
19
2%
276
6%
6%
120
4%
10
17%
845
2
155
4%
6%
22%
2%
Radio Corp of America..*
43
520
2
22%
Pennsylvania IIR Co...50
Riverside Cement Co A..*
a
43
43
43
Feb
Feb
Jan
Jan
2%
22%
Mar
24
Feb
2%
Feb
3
6
Jan
6%
4%
•
Jau
4%
Mar
20%
Mar
28%
Jau
Mar
'
Shasta Water Co com
So Calif Edison Ltd
*
com
17
25
25
a32%
17
25%
r" 3
Mar
Mar
35%
Jan
Jan
Jan
5
Jun
Jan
41%
a4%
•10
4%
.'".45
28%
Feb
95c
750
90c
Mar
Mar
55%
90c
1
Jan
Jan
4%
32%
.
Jan
1.05
Feb
49%
1
556
49%
2.60
2.60
500
2.60
Mar
3%
Jan
ale
10
4c
Mar
7c
Feb
70c
2.60
Westates Petroleum com.l
50%
ale
Uuited States Steel com..*
Preferred
35
a32% a33%
«4%
Corp com—.1
United Aircraft Corp cap.5
Utah-Idaho Sugar Co com 5
275
3
«29% «31%
Studebakcr
U S Petroleum Co
276
25%
3
*
Stand Oil Co-of N J
,
25%
6% preferred........25
Standard Brands Inc
73c
310
70c
Jan
80c
Jun
705 Olive St.,
Jan
1922
ST. LOUIS
Phone
New York Stock Exchange
CEntral 7600
Postal Long Distance
Bell Teletype
SL593
New York Curb Exchange Associate
St. Louis Stock
March
7
Exchange
13, both inclusive, compiled from official sales lists
to March
iMSt
Week's Range
Sale
of Prices
Low
High
20
Mar
12.225
120
1.00
i
...
Preferred—
Jan
51%
Jan
American lnv common—_»
Jan
Jan
Chic & Sou Air L pref
25
Feb
28
Jan
Columbia Brew com..—.5
23%
Feb
24%
Jan
Mar
50
900
2.50
Mar
10%
11
747
79%
169
10%
79%
Jan
79%
2.00
—
6%
Shares
Range Since Jan. 1
6%
6%
High
Low
768
6%
Mar
Mar
7
Jan
10
Mar
8
Mar
10
10
50
9%
8
8
8
50
7
Jan
4%
10
8
8
100
8
Mar
8%
4%
4%
200
4%
Mar
5%
6%
6%
290
6%
Mar
8
Mar
20%
145
15%
Jan
3% " Jan
Jan
Hussmann Ligonler com..*
6
6
180
5
Jau
6
Mar
11%
Jan
7%
7%
48
7
Jan
7%
Mar
88
Jan
22%
Feb
30
188
28
6
250
Emerson Electric com
4
Huttig S & D 00m.......5
Internatonal Shoe com.. *
Key Co common
20 X'
100
*
Emporium Capwellcom..*
Preferred (w w)
—50
Fireman's Fund Ins Co. .25
8
Mar
10%
Jan
..*
Mar
Jan
Holly Development.
6%
14%
Mar
14%
Mar
9%
Feb
Langendorf Utd Bk A...»
12%
3
Jan
LeTourneau R G Inc.—1
Libby McNeill & Libby.,7
Lockheed Aircraft Corp__l
""4%
10
Mar
Mar
Feb
2.50
Mar
5%
5%
175
5
Mar
5%
5%
Jan
Mo Portl Cement com..25
13%
13%
14%
250
13
Jan
15%
15%
36%
Jan
National Candy com.....*
10
10
11
760
9%
Jan
11%
102
102
50
100%
5%
Feb
Feb
102
175
34%
110
45
100
90
Feb
6
Jan
108
Jan
Jan
Common..
*
—
2nd preferred
100
Rice-Stlx Dry Goods com *
1st preferred
100
7
469
6
Mar
7%
34%
7%
8%
8%
406
8%
Feb
9%
Jan
St Louis Bank Bldg Equlpt
Common
*
50c
200
42c
Jan
50c
Feb
St Louis Pub Serv A
6%
33%
38
10
38
Jan
Mar
Jan
Feb
Mar
50c
2%
Feb
6
2.10
92
6%
Mar
32
Feb
5%
12%
32%
32%
10
589
31%
Jan
Jan
Feb
Jan
Jan
Jan
4%
116
300
33%
8%
5%
200
14
6
Gen Metals Corp cap. .2%
Gen Motors Corp com..10
29
5%
5%
91
32%
29%
_._*
Jan
Laclede-Chrlsty Clay Prod
2.50
2.50
14
1
Home F4M Ins Co cap 10
Honolulu Oil Corp capital *
2.50
Gladding McBean & Co..*
7%
Jan
Price
Jan
25%
2.70
2.50
-
......
Par
'
Mar
Giorgio Fruit Corp—
El Dorado Oil Works
Stocks—
for
Week
Falstaff Brew common... 1
Common.............1
Preferred...
Sales
Friday
Jan
\
1.10
Dr Pepper common......*
Jan
2
Feb
Jan
16
50%
23%
9%
13%
8
Jan
10%
Jan
250
22
25
...
Golden State Co Ltd
*
*
21
Mar
115
9%
■
Mar
5
10
25
3
Mar
Mar
61
1.30
1.00
Mar
90c
5
51
25
Feb
11%
Mar
12
9%
Jan
Jan
20
22
■
10
Doernbecher Mfg Co.—*
26
12
12
Jan
13%
Feb
Creameries of Amer Inc—
27%
22%
Watalua Agricultural Co.20
Jan
97
94
II
51
Jan
Jan
Mar
Mar
29%
Feb
22
Jan
32
18%
Jan
17%
101
Jan
Calif Water Service pref .25
9
27%
3,001
Universal Consol Oil. ...10
Feb
Mar
19
21
35
19%
18%
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
2
Calif Cotton Mills corn 100
Mar
236
Jan
Chicago Stock Kxch.
High
7
500
Mar
North Amer Aviation Inc. 1
Ohio Oil Co.
Low
175
Crown Zell'bacb Corp com5
a25% a26%
32
..
5%
14% Mar
Feb
100%
25% Mar
Jan
11%
Members
GOO
200
7%
14%
100
Established
2
90c
19%
Mar
826
St. Louis Stock Exchange
Shares
5
Di
Kennecott Copper Corp
of Prices
Low
2%
25
13%
12%
5%
25
Victor Equipment Co com 1
Preferred...
— _.5
Range Since Jan. 1
for
90c
100
40
11%
5%
18%
12
10
.
Transamerlca Corp
Week
Calif Packng Corp pref.50
M-
28%
94
Super Mold Corp cap... 10
Sales
Week's Range
5
Mar
25% I Mar
40
26
Edward D. Jones & Co.
7%
com..*
8%
300
320
25%
Jan
20
8%
15
100% 101
25%
*
Exchange
Coast Counties G & E—
*
Intl Nickel Co of Canada.*
155
15
Jan
Jan
Mar
Jan
3%
2
Calamba Sugar com....20
Jan
22%
14
20%
Jan
7
2
9%
a59% a60%
Mar
Mar
Feb
5%
43
Mar
Jan
7
Bank of California N A.80
60
22%
Caterpillar Tractor Co.—
Republic Steel Corp
212
Calif Art Tile A——*
Borg-Warner Corp.. *...5
Goodrich (B F) Co
a3%
Bishop Oil Co
Bendix Aviation Corp
5
Betnlenem steeiOorp——*
America
10
18%
a8% a8%
a34% a34%
6
Price
Engine.5
18%
18%
10%
18
Jan
3%
39
160
Feb
4%
-
Assoc Ins Fund Inc
a36% a37%
258
101
Mar
29
Atchison Topeka&Santa
Par
Mar
26%
Jan
250
Soundview Pulp Co com.5
Preferred
100
Mar
Jan
~
121
50
103
10%
19%
10%
13, both inclusive, compiled from official sales lists
4%
4%
Mar
150
Jan
19%
100
Jan
Last
a4%
a38% a38%
121
122%
Radio Corp of
55
Mar
73
69%
2%
Sale
N Y Central RR Co
Jau
17
Friday
a4%
101
4
39
St. Louis Listed and Unlisted Securities
Unlisted Stocks—
Loew's Inc...
63%
5%
45
202
4%
50
1
„
Pennroad Corp vtc—..1
March
3C
10
"
Jan
Jun
8%
4
18
Jan
100
Commercial
Feb
10
17%
4%
50
17
Jan
Jan
3,000
18 X.
5%
Jau
50c
9%
4c
a37%
Feb
3%
Feb
2c
....100
Feb
8%
100
8%
4c
Atlantic Refining (The) .25
Aviation Corp (The) (Del) 3
Jan
97
959
San Francisco Stock
American Smelting & Ref.*
4%
Mar
60."
•
60c
1%
a4%
Mar
3%
235
2c
Barnsdall Oil Co
Mar
6%
50c
8%
Cardinal Gold Mining Co.l
Zenda Gold Mining
1
Fe lty
Feb
90
2,257
1,351
3%
8%
Blk Mammoth Consol..10c
Corp*
Jan
Natl Fireproofing com...*
Mining Stocks—
Amer Rad & Std Sani
16%
Pittsburgh Coal Co com 100
Unlisted—
Wellington Oil Co of Del.l
Ma-
Jan
Pitts Steel Foundry pref...
11%
Jan
Feb
78
4
4%
Feb
1%
45
'
6%
5%
6%
2
Jan
25
92
Jan
Mar
Jan
118
50
26%
28%
Mar
28
6%
8%
Jan
11%
12%
29
Feb
11%
10
Vultee Aircraft Inc....—1
Mar
Jan
8%
Feb
Westloehouse Air Brake..*
Union Oil of California..25
5
5
Pittsburgh Plate Gloss..25
2
500
Jan
Mar
Mar
Devonian Oil
26%
12%
19%
Transcon & Western Air..5
6
6%
1%
Electric Products....
23%
Transamerlca Corp
75
50
9%
Feb
222
6%
6%
5%
Jan
22%
7%
80
Feb
1,058
6%
6%.
Mar
19%
1,600
5%
25%
"I §%
174
1%
2%
23%
Standard Oil Co of Calif..*
20%
10 %
Mar
25
Superior Oil Co (The)...25
High
1%
3% Mar
25
12
Low
9%
2%
17%
Mar
Jan
Olaa Sugar Co...—..—20
Week
Shares
Oolumba Gas & Electric.*
100
So Calif Gas Co 6% pfA.25
*
Southern Pacific Co
5%% preferred C
Low
19%
*
300
1,146
Price
Allegheny Ludlum Steel..*
Fort Pitt Brewing
So Calif Edison Co Ltd. .25
7
Jan
1.75
11
Pacific Port Cement com 10
Range Since Jan. 1
for
Copper weld Steel........5
58
Sontag Drug Stores
Stocks—
Byers (A M) —
..*
Clark (D L) Candy......*
30
25%
al8% a 18%
Signal Oil & Gas Co cl B._*
186
Kenn Copper Corp com..*
Jan
Safeway Stores Inc.....
7
101
Mountain City Copper..5c
Sale
1.55
Republtc Petroleum com.
7
Jan
25%
'
Mar
Mar
101
Jan
100
Mar
1.50
10
Montgomery Ward & Co.*
Feb
24-
455
Jan
Feb
26%
87% Mar
200
10%
Jan
Mar
Mar
22%
995
-
1.70
■
Inter! Tel & Tel Co com.*
13, both inclusive, compiled from official sales lists
146
10
Idaho Mary Mines Corp.l
Pittsburgh Stock Exchange
101
Mar
39
General
r
Feb
9%
19%
Jan
26%
11%
205
,
40c
12
V; 24%
1.50
18
7%
Mar
23
Richfield Oil Corp com...*
Rocs Bros pref series A. 100
Union Sugar com...
Feb
Mar
85
90%
10
Tide Wat Assoc Oil com
13%
11
87%
24
Jau
140
144
1.50
Jan
; 97%
25
22%
Rheem Manufacturing Co 1
So Calif Gas Co pref ser
••••:
22%
......100
Consolidated
Ma
Feb
Mar
a23%
9%
Pacific Lighting Corp com *
35c
154
17%
a'23
25
300
10
9%
Pacific Gas & Elec com..25
5
4c \
4c
537
1.45
224
11%
Pac Tel & Tel com
Dominguez Oil Co
Nordon Corp Ltd
Feb
1.35
16%
Shell Union Oil com....15
120
16%
1%
1.40
45c
1.30
...1
Mar
20c
20
*
*
—•
1st preferred
4%
100
3,8/6
Signal Oil & Gas Co A...*
High
150
2%
"T%
Jan
Jan
—
Low
1,572
6%
Lehigh Coal & Navigation *
Lehigh Valley..
.50
Nat'l Power & Light——.*
Phi la Elec Co 4%%
Jan
1.45
Safe Stores Inc com....
Horn & Hardart (N Y)—
Sun Oil.;...
Lincoln Petroleum Co.. 10c
Lockheed Aircraft Corp..l
.......
16%
"_2%
SJiares
12
117% 122%
112
•Salt Dome Oil Corp.
Hancock Oil Co cl A com.*
Mascot Oil Co
High
11%
118%
Common.
Mar
.
Menasco Mfg Co
Low
Range Since Jan. 1
Horn & Hardart (Pblla)—
Reading RR..
General Motors Corp com 10
,.t
Price
*
Electric Storage Battery 100
General M otors
.10
Jan
Mar
—
Pennsylvania RR
Emsco Der &
—
.....5
Chrysler Corp.
Jan
9%
9%
15C
80c
50% a 52%
5
Consolidated Oil Corp—*
Consolidated Steel Corp..*
(■
10%
80c
a
5
50
16%
11
alO
Chapman's Ice Cream....*
Chrysler Corp...
Douglas Aircraft Co
a
11
Central Invest Corp...100
Jan
Cc
•
Jan
3%
Jan
29
Jim
17%
Ryan Aeronautical Co...l
Week
Curtis Pub Co common..*
•
•
for
of Prices
Bankers Sec Corp pref..50
2.00
62 %c
Week's Range
American Stores...——*
American Tel & Tel.... 100
Berkey & Gay Furn Co-.l
Blue Diamond Corp
2
5c
16%
Republic Petroleum
Sales
Last
Sale
Shares
Higf
150
4%
Feb
23%
350 ■;,.!?
....1.45
Rayonier Inc preferred..25
13, both inclusive, compiled from official sales lists
Sales
J
Last
Stocks—
7
Feb
7
1.45
Preferred.......
Philadelphia Stock Exchange
March
Jan
--9%
Mar
17%
Preferred
7
1.90
Mar
Aggregates—5
Paraffine Go's com......*
Los
Mar
8%
G
50
5c
•
.
1.30
■
253
24
24
CSc
Pac Pub Serv 1st pref....*
Warner Bros Pictures Inc. 5
Westinghouse El & Mfg.50
March
6
Jan
Jan
Mar
Pacific Light Corp com—*
02%
30%
*
Corp
U S Steel
Jan
15
Pac G & E Co com.—.25
Feb
Jan
400
Wolverine Tube com.... .2
9%
Pac C'past
Jan
10
Feb
1,510
2 %
1%
"""2%
140
Union Carbide & Carbon
United Aircraft Corp.;..5
Wayne Screw Prod com..4
9%
9%
810
4%
"5%
5H
•
555
Oliver Utd Filters B_;;._*
32%
Jan
4%
200
United Specialties....... 1
Udvlite com
31
25
Jan
Mar
14%
Occidental Insurance Co 10
Timken Dot Axle com.. 10
High
5%
100
North Amer Oil Cons... 10
;
Low
150
4%
1.35
.8%
Mar
24
'
5%
12%
I
33
50
Range for Year 1941»
Shares
14
,*
Menasco Mfg Co com
031
a22% a23%
High
5%
4%
•
Meier <fc Frank Co Inc.. 10
50
3%
Week
4%
Feb
957
34
for
of Prices
5%
50%
al6
33
a22%
Week's Range
—*
112
6%
al6
Standard Oil Co (N J) -.25
350
350
Last
Sale
Range for Year 1941
Shares
o44% o47%
*
Staudard Brands Inc
14%
2%
1%
30
1
Week
-Lyons-Magnus A.„
14%
2%
1%
10
Shelter M fg common
Stand Tube B com
Feb
2%
Jan
2%
200
2%
for
of Prices
Low
High
Unlisted Stocks—
Jan
1%
Mar
1%
Par
Sears Roebuck & Co..
2%
—
100
J%
Stocks (Continued)
High
LOW
Share
sales
Friday
Week's Range
Sale
for
Sale
Sales
Last
Range Since Jan. 1
Last
••
2nd preferred
5%
5%
0%
Jan
Mar
Jan
30
115
115
101% 101%
100
—
5%
115
Mar
115
Mar
65
101%
Mar
101%
Mar
Mar
2
Mar
2
125
2
1
5
5
307
5
Mar
6
6
115
4%
6
Feb
common... 1
Feb
6
Mar
7c
10,375
5c
Mar
65c
Jan
23%
115
21%
Jan
24%
Mar
com
180
38
Mar
41%
Jan
Sterling Alum
150
10
Mar
13
Feb
Vardaman Shoe
com..
Feb
Wagner Electric
com
—.1
2
2
•
-
5c
176
a
10
8%
8%
8%
280
8%
Jan
9%
23
15
-
a8%
25
8%
Mar
2%
2%
al6% al7
436
2%
Feb
220
16%
Jan
a8%
Hunt Bros preferred
17%
Mar
21%
4
20%
135
12%
13
Jan
735
25
Mar
27%
Jan
4%
1,325
4
Mar
5%
Jan
21%
933
20
Feb
24%
Jan
12%
12%
25
25
'
Jan
Bonds—
25 year conv inc
Scullln Steel 3s.'.
1904
1941
'
85
St L Pub Serv 1st m 5s '59
40%
85
40
40%
84%
85
$2,000
11,000
3,000
82
Jan
85%
32 %
Jan
40
84%
Jan
87'
Jan
Mar
Feb
y
Volume 155
Number 4055
.;
THE COMMERCIAL & FINANCIAL CHRONICLE
V-
<
:1103
u
CANADIAN MARKETS--Listed and Unlisted
Sales
Friday
'
yi-yv Montreal Stock Exchange
March
7
March
to
13, both
inclusive, compiled from official sales lists
'•
Week's
Last
Pale
Stocks—•
Par
Low
Price
^•
Range
of Prices
for-
Cartipr-
'Ralioe Since Jan. 1
Shares
High
Low
High
r
4
sbestos Corp.
Brazilian TLA- P..
Silk
17%
13%
17%
13%
147%
147
147
8%
5
Mills........*
7%
5
Mar
75c
•••
13
Mar
•
8%
Jan
lO**
17%
Mar
19
13%
Jan
-.14%
F'eb
150%
■18%
5%
Bulolo
...
144
1,800
Jan
6%
loo
4%
53-
5
Canada Cnment
■
11 %
Jan
V .6 «•
4%
....
Can Forgiags class A...'.*
18
6%
5% preferred.JJ.;si..50
28%
28%
'20%
4%
21%
22%
28%
20%
rreferred^
Canadian
Preferred
Canadian
25
Celanese......*
22%
•
Converters.. 100
Canadian Cot tons.;:::100
335
<
27%
115
•1ft
■
105
Cndn Industrial Alcohol..*
Class
B
-it;
—
3%
3%
3%
-■
7
5% ifi -1%
37%
'S
21%
•
Dominion Bridge.
Dominion Coal pref——25
8
Dom Tar A Chemical...
■■'.8-
3%
3%
m
68
5% preferred....... 100
General cteel Wares..,..*
(Charles)...'......*
Holllnger Gold Mines
5
Howard Smith Paper.—*
7.00
Preferred.,.......... 100
87"
"Vh
Imperial Oil Ltd
.•■——*
Imperial robacco of Can.5
Preferre 1
£1
*
"31%
...*
11%
Int NDkel of Canada
Inter Fete Co Ltd
Laura Peeord
—.3
Mont L H A flower ConB
15
Aunor.......
Jan
Bankfleld
Jan
14
Jan
Mar
97
I:. Mar
Mar
28
Jan
Barkers
6%
;
Mar
25
30
30
30
43
20
21
*
21
preferred.... 100
Power Corp of Canada...*
..*
Southern Can I ower
United .-teel Corp
Wabasso Cotton
Ltd
36%
36%
B
'
Aluminium Ltd.
*
14
Calgary Pr 6% cum pf.100
Can A Dom eugar Co....*
29
*
50
*
146%
Normetal...
F'eb
75c
1,800
72 c
Mar
9*c
Jan
O'Brien Gold
7
6%
Feb
8
Jan
10
102
Feb
105%
Mar
187
143
F'eb
151
35
r.
7c
8
7%
43c
.--*
1 25
'■'
'
143
Jan
145
—
Preferred
2%
A
42
42
Jan
'
•
4
Feb
98%c
Mar
104 V105
34%
6
101
35
6
28%
.......
105
98%
98%
25
98%
Mar
98%
Mar
......1
5lc
51c
57c
1,360
51c
ivitr
7oc
Jan
_1
41c
41c
41c
500
41?
Mar
57c
Jan
Preston East Dome.,....l
2.28
2.28
2.48
22,900
2.28
Mar
3.20
Qjeenston
1
28c
28c
1,305
25c
Feb
39c
Jan
Quemont.
*
4 %tt
4%c
601
4%o
Mar
6c
F'eb
Reno Gold..^
17c 19%c
160
150
14.300
12o
Jan
19%c
Mar
7
147%
Mar
Jan
Rico preferred
17
8%
Royal Bank of Canada. 100
13U
80
13%
Mar
1.55
1.70
2,522
1.35
F'eb
10c
3,000
6c
Feb
17c
13%
13%
15
12%
Mar
San Antonio
Senator Rouyn...... _._.l
Mar
24%
Feb
Shawl
n
—i
igan
F'eb
Sherritt-Gordon
Jau
1.42
Feb
Sllverwoods
30%
Jan
Simpsons A_...
5
Jan
6
F'eb
22
17
Jan
120
2
2
10
2
Mar
78
78
109
Preferred.—
Siscoe Gold
-_1
Sladen-M alartlc.....—.. 1
F'eb
Slave Lake..
-
Mar
153%
Jan
locomotive
120
Mar
Mar
3%c
3%e
8
8
33e
"5%
)
5%
1.21
5%
1.10
1.10
Standard Pav...
Jan
Steel Can—.-—.;—-.*
1.63
53c
1.03
54c
1.02
7 %c
10c
10c
1.20
7%c
Chem Res
10c
1
1.08
1.08
Sullivan. J.
9
F'eb
46c
Jan
Sylvanlte
Mar
122%
Jan
1.80
1.80
1.95
Cocbenour Will
Jan
6%
Feb
Mar
1.72
Jan
Toburn
37%
100
Consumers Gas.
Jan
Crow's Nest Coal—..100
-
55c
Jan
Toronto Elevator
97c
F'eb
1.30
Jan
Mar
10%C
Jan
Toronto
9c
Feb
12c
Jan
To wagmac..
99c
Feb
1.50
Jan
Transcon Res.....;
)
1.80
Mar
2.00
Jan
Ucnl Gold—.
Preferred.
-
■so"
Feb
62c
Jan
5%
jan
6%
Mar
75c
Mar
92c
Jan
10%
<
Jau
14
99
Feb
Dome Mines
"14%
Wendlgo
98c
Mar
17%
Jau
W
?o%
Jan
Dominion Bank
Jan
31
Jan
Dominion Coal pref
15%
Jan
Westons
Jan
Dominion Foundry..
19
Jan
20-
23%
25
Mar
35c
5
21
Jan
23%
50
"
.
9
8
Feb
9
.25
7%
183
4%
14
Dom Woolens pref.....20
Duquesne
Feb
Mar
5c
6c
2%c
85c
85?
86c
Jan
Mar
4.80
Jan
41
360
40%
Mar
50%
Jan
19
162
18%
Feb
4 25
40%
5.400
18%
40%
18%
12c
11c
1,250
12c
1 lc
F'eb
21
Jan
13%c
Jan
—*
Jan
8
Mar
B
Mar
5
Mar
Preferred
100
100
25
100
Mar
100
Feb
*
59
51
15
50
Mar
51
Mar
10%
10%
1
.*
1%C
l%c
Jan
Mar
75c
95c
131
Feb
11%
Mar
1 %c
7(>3 Mar
1.15
100
9%
1,000
1 %c
Jan
*
95c
95c
1(M)
95?
F'eb
1.25
Jan
.......109
6%
6%
100
6%
Mar
7%
Feb
2.16
2.33
4,895
2.10
Mar
2.90
4%
4%
50
4%
Feb
5
Mar
101% 101%
$1,100
101%
Mar
101%
Feb
Feb
99%
Jan
...-.
WFight-Hargreaves
F'eb
7%
10'c
Feb
5o
Jan
Feb
4C
Mar
2.30
Jan
Jan
Jan
1.45
2.16
York Knit—
2%c
)
2%c
5o
".
Jan
4
'.'—*
106%
4%
6%
•
7%
7%
I
East Crest
Mar
Mar
Mar
)•
Feb
5c
Jan
5c
Jan
Eastern Malartic
1.45
1.57
50
1.90
Feb
2 00
Jan
Easy Wash
"
2%
2%
2%
Feb
3
Jan
5%
Jan
Feb
Eldorado
1
35c
35r
32c
F'eb
49%c
Jan
War Lean 2d.
Jan
Falconbridge
*
2.90
2.90
F'eb
3.60
Jau
Fanny Farmer
1
15%
Feb
22
*
War Loan 1st.
85
JaD
40c
40c
300
40c
Mar
55c
Feb
David A F'rere Llmitee B_*
1.50
1.50
1W
1.50
Mar
1.50
Mar
Donnaconp Paper Co A..*
3
3
F^stDalr'sLtd7 °f< cumpf 100
9%
9%
Fairchlld Aircraft Ltd....5
1.50
1.50
1.50
3
15
15
10%
4
Jan
Jan
10
F'eb
2.90
2.90
15%
15%
15
15
2.00
Jan
Francoeur
3%
Jan
Gatineau Power.
1.50
Mar
3
Feb
15%
468
15
Mar
16%
Jan
10%
300
10%
Mar
13%
F'eb
15c
200
15c
Mar
,
10c
;
Jan
FordctA-...;.
,.*
26 %c
—
....100
"68"
Gillies Lake..
......
F'eb
10
Jan
Gleuora
14%
Mar
16
F'eb
God's Lake.....
..*
3%
10
3%
Mar
Gpldalc
..;
Golden Gate
50
50
•
3%
Mar
Massey-Harrls Co Ltd—
'
5
92
-.'•'J-
•
5*
Jan
92%
Jan
6%
1.777
5%
Feb
6%
Mar
240
13%
Mar
Gunnar—.'.'.u;.—
13%
93
5
100
1st pref....100
77
77
5
77
4
4
10
4
3%
3%
50
3%
Mar
3%
Mar
Hard Rock
6,-.
6
25
6
Mar
6
Mar
1.50
103
Jan
F'eb
77
Feb
Jan
4
Jan
Gypsum
;.—.__*
Halllwell.:*...
Quebec Tel A Pow Corp A *
;
Sarnia Bridge Co Ltd A..*
102
102
100
103%
Feb
Mar
50%
Jan
Home Oil
18%
5
18%
Mar
19%
Feb
2,500
10c
Mar
16%c
Jan
Hudson Bay..
7c
500
7c
Jan
Huron A Erie.
*
18%
Corp...*
10c
7C
Howey
Mines—
L,
Mar 1-
•
8.?
Feb
10c
)
8%c
Feb
10c
Mar
2 %c
'41%
)
2 %c
Feb
3%c
Jan
7
39
Mar
49%
Jan
1.50
2
Jan
Feb
Mar
11%
Mar
2%
0
2%
Feb
3%
Jan
0
2.80
Mar
2.80
Mar
2.75
3.00
5
2.25
Feb
3 00
Jan
2%
2%
0
2%
Mar
3%
Jan
45c
45c
0
45c
Feb
55c
Jan
14c
14c
0
14c
Mar
20c
Jan
9%
Mar
9e
700
2.37
9%
720
10%
.'
5-
8%c
5
4%c
8
6.75
2.31
99
Exchange-Curb Section
official sales lists
both Inclusive, compiled from
to March 13,
Sales
Friday
Last
*
Week's Range
Range Since Jan. 1
for
Week
Canada Vi.iegars.....
:•
Consolidated Paper.
Corrugated Box pref..
Crown-Dominion. —;
*
Kirklmd
—...
24c
Jan
23%
Feb
17c
1,050
690
16%c
22%
Mar
Feb
60c
40
60c
Mar
10
20
F'eb
Pend-Oreilte—
21
19%
Mar
1,000
1%C
..1
%c
%c
20%
2%c
%c
3,465
2%c
19%
2%c
1.34
1.40
500
—1
.
Jan
1.25
*
Montreal Power——
Oil Slecti ?ns
Jan
Feb
Mar
21
*
3%
65
1.25
21
100
I.angley's preferred.
Jan
Mar
100
60c
60c
Mar
23 %
23
*
3,000
85C
21
Mar
Jan
Mar
23%
Jan
Jan
3c
Feb
%c Mar
3%c
F'eb
1.75
Jan
1.34
Mar
Admitted to un¬
privileges.
d Deferred delivery,
e Formerly the National Bond
Co.
f A liquid din? dividend of SIS a share w« paid 01 the com¬
♦No par value,
Odd lot sales,
Jan
mon
Jan
Included in range for year.,
,
55
.
listed trading
a
Jan
Mar
Mar
50
'
1.25
17c
17c
*
Feb
,
2%
10
55
1.25
— ——.
Dominion Bridge
5C
53
50
*
20c
0
7%
1,387
28%
53%
5
Mar
2%
Feb
:
Mar
6%
6%
Mar
53%
>
5
20
5
6%
2%
17c
5
4
5
2%c
0
Mar
40
3%
*
High
Low
3%
95
,,
3%
3%
100
Foothills.
Feb
Shares
*
Canada B Jd Brew....
Pawnee
of Prices
High
Low
*
Beath class A........
Dalhousle..
Price
Jan
2.70
Sale
Par
Stocks—
24% 'Mar
4%c
17c
25
0
Feb
10.50
Mar
17c
,
Jan
12
*
Feb
5
24%
.
13c
Feb
2.40
2.31
17c
..100
2%
16%
2.80
15
24%
:..
Mar
Jan
1%
2.80
•
500
99
99
Jan
8%c
2%
700
7
F'eb
lc
20c
•
"2%
45c
March
Jan
6
3%c
Feb
Mar
'9%
Holltnger
•
Mar
lc
11c
5
Homestead
lie
18
41
3c
i
11%
Hinde A Dauch.—
Jan
40%
40%
5%
1
10%
2.80
Toronto Stock
Jan
74%
Feb
10%
.1
..
Mar
5
$.1
325
Walker-G'ham A Worts(H)
)
1
lc
1.50
Hamilton Bridge.......-*
—
Jan
16
1
Hallnor......
6
15%
High wood...........
Jan
42%o
16
1
13%
93
F'eb
Mai-
68
3%c
39
Greening Wire—; .*.; t:; ;*
Page-Hersey Tubes Ltd..*
Canada—
25c
4%
69
99
Jan
2%c
Preferred...:..-..;.;.*
Feb
*
Bonds—
Jan
8%c
*
Jan
11%
F'eb
•
12c 13 %c
1
90%
Power Corp of
Feb
17
3%c
3%c
13 %c
Goodyear preferred.....50
GrLakVT.;.
: t
16%
5%
1
40
92
6
Jan
53
■•-
2%c
Jan
Mar
)
5
68
..1
45
Feb
15
lc
1
7%
50
8
1 %C
15
5%
14%
8
)
27e
4%
Wares
14%
3%
Lake St John P & P———*
l%r
15
.
26 %c
..*
)
15%
15
5% preferred
Gen S
*
)
15%
l%c
B_.:
300
15c
1
Feb
75
3
1.45
..1
3
8%'
1.65
3
F'ord Motor of Can Ltd A.*
,
10
.1
F'ed Kirk
500
no
3
.
.*
Jan
4%c
2%
1
525
40e
40%
10%
Mar
830
*
—
5c
Cub Aircraft Corp Ltd...*
SouCanPow 0%cura pd 100
9%
3%c
Jan
3,000
—
Can FL
5%
Feb
77';
50
4c
3%
9%
-*
2.00
2%
13%
9%
4c
2%
—
Preferred
6%
5
Jan
191
Feb
16%
103%
8
JJ-*
Dominion Stores
Jan
Mar
393
!
Jan
Winnipeg Electric A
2%
preferred—.100
Jan
5c
Wiltsey 'Cogh...
Jan
2%
------
50c
Jan
Western Grocer.....
2%
Maple Leaf preferred
Mar
3%c
4 25
Feb
5%
-
30c
4.0(H)
545
25%
«
Internat Utilities B—1
1,000
4c
4.35
Mar
9
Fraser Cos voting trust-..*
30c
4c
33
21%
14%
Dominion otee 1 cl B
Jan
30c
Jan
21%
14%
>
Mar
Feb
21%
14%
16%
13c
11c
Distillers foeagrams
14
84%
1.24
Jan
16%
Feb
Jan
Mar
,
3.70
17%
14
50
:
10c
F'eb
Mar
103% 103%
68
500
Mar
48
10
10c
48
Mar
Jan
14%
25
5
84%
103
48
80
20
Feb
655
_.;..10()
c;-'
Mar
7-*c
14%
referred
20
3.30
Walkers
30
184
100
4c
Waite-Amulet
184
"48"
"
20
5%o
Jan
....100
20
Jan
815
Jan
F
Feb
5,500
Jan
Jan
1.10
3.55
4%c
7%
Mar
9%c
17 %c
161
90c
8c
Mar
Jan
100
3.50
Mar
Mar
90c
1
3c
Mar
Jan
90c
90c
1
14c
6%
1.60
*
3c
28
Mar
Ventures
14c
142
1.00
Vermilata...
3c
55
400
..
Upper Can
14c
34
1.10
Jan
3c
110
1.0)
Jan
14c
6%
2.34
F'eb
Jan
1
142
Mar
52c
10%
'
Mar
Feb
1.95
39
Davles t etroleum
17
Jan
1.50
9.220
132
DeuLson..
270
Jan
1,750
2,025
F'eb
F'eb
Feb
Feb
61c
1.98
53c
-*
Jan
98
Jan
1.55
.....*
Union Gaa
5%
-
1.56
35c
United Oils..
2%
9%
>
Jan
Jan
10
37%
126
>
II.35
*
United Steel.....
30
Jau
150
M
*
46c
30
l%c
2.05
1
Jan
I
Jan
;
--1
—
Feb
Jan
lc
1.95
52c
-50
-.
—
82c
,
Jan
1,000
1.50
Mortgage..;...50
62c
>
Jan
1.96
Jan
1.35
*
7%c
37%
38%
126% 128
63%
Feb
1.50
1
——.1
10%
Cons Baks
Consolidated Smelting...5
Jan
Mar
ar
1.3a
1.35
Texas Canadian..;.—.5
6%
54c
75o
50c
59 %
lc
—1—1
.......
82c
6%
*
Coniaurum
45?
165
1.64
1.35
Teck-IIughes...^
>
1.15
--..;;..-.*
200
8,200
50c
60%
1.54
lc
:..*
Mar
Jan
Jan
1.95
Sudbury Basin.
50c
>
Jan
59%
—
'
-.1
Jan
.
50c
Feb
Feb
Mar
15,500
3%c
33c
5c
5c
Jan
8
Jan
2%c
3%c
4c
3%C
118
7c
5c
1.10
)
2%c Mar
South End Pete—v
5%
•
36e
H8%
Jan
34c
31,700
3%c Mar
3%c
Jan
49c
Feb
2%c
Jan
3C
89%
Mar
20c
2%c
Steep Rock
Straw Lake..........—.*
>
Jan
Mar
2
3flc
75
11
Feb
14%
210
Jan
Jan
4,000
Mar
125
Mar
11
118
2o
Cariboo1
CIiesterviLe
Mar
122
97c
8
7%
2,600
Jan
26%
ar
Jan
Jan
Jan
14
40c
36c
;..l
4%
29
2
75c
109
Mar
210
Central Porcupir e..;
1
23
11
33c
100
CockshuttPlow—..
Jan
23
210
*
Canadian Malartic......*
Central Patricia
Mar
Jan
120
3%c
Canadian racllic Ry
97%
22
3%e
148
l 60c
22%
Jan
Jan
15
23c 23 %c
23c
24
-
36 %c
Jan
9%
6%
78
Jan
6
11
Canadian Oil pref
17%
2
*
9%
210
Atjoholcl A..;.»
Jan
Consol Paper Corp Ltd... *
...
M
Feb
5c
Mitchell Robert A Co Ltd *
4
Mar
23
23
Preferred....... 1—-100
Feb
6%
3%
•
6
20
-
2.00
A
1,462
5
5)
-
-
2,564
6%
4
41
20c
M
80c
6%
5
356
23%
^
76c
6%
4%
22
Feb
80c
,_*
*
7
-
75c
.....1
.1
B
Jan
1.60
.."
Feb
5
V Jan
2.05
10c
Jan
Jan
28
8%
Jan
19%
18
13%
6%
154
Jan
155
18
St Law Corp A........59
29%
Jan
Feb
RoyaliteOil:
Jan
F'eb
1.00
17
100
F'eb
37%
126
F'eb
149%
a
19c
1
5%
17%
8%
4%
100
—
29
28%
Jan
Feb
102
Jau
1.60
Jan
5'
Feb
1
27%
19%
28%
20
19%
Canadian Oelanese^.
Mar
K 86
Jan
Feb
46
Feb
34%
120
6
28
Preferred.25
182
100
65c
112
Mar
122% 122%
;...*
188
0. High
1.35
F'eb
8 III
Jan
15
105
;...-*
152
LOW
Mar
7
42
i22^
.....-.-..20
B
Canadian Car..
Jau
Range Since Jan. 1
1.05
1.12
5
Mar
for
Feb
2,990
1.05
2%
Canadian
Mar
Week
Jan
16c
P
......*
1 referred...
182
Shares
4
Feb
Jau
*
—
Jan
12o
13c 13%c
7%
59
Can Wire B
Chromium.
3
Perron......1
13c
Jan
50
-
151
lists
703
5,362
Jan
1
2.20
Feb
Sales
'
Jan
1,200
2,999
61c
1
Mar
Canada r-teamshlp Lines..*
182
;
85c
71c
4
Paymaster
1.55
Malting...
*
Mtge.100
1
41
Feb
70c
3%
;_».,*
Pandora
1,700
permanent
Canadian
Jan
1.65
Feb
Jan
Jan
103%
1.55
9
40
Jan
3
3%c
ar
Jan
M
Pioneer
Feb
'Feb
Feb
2%c
92
Jan
156
16
29
.
92%
2
6
55
12%
*
167
•:•
11,000
2
Jan
135
36
10
i
3%c
93%
Mar
Canadian Gen Electric. .50
145
2 %c
11%
150
Jan
Jan
12
125
3%
10c
22.700
11 ^
150
v
Feb
8c
Jan
Jan
125
Feb
Mar
14%
2.35
Breweries..—*
•
Jan
10c
Feb
Canadian
'1-3
38c
Jan
7c
'
•
Mar
r
Mar
CndnBank of CommercelOO
Jan
25)
5%c
6%c
10c
I.99
Jan
Jan
550
4,726
'26.3
9c
Jan
Mar
13A
98%
i Jan
90c
10
98 %
9%
Feb
2,165
?8%
63
60c
2 05
Canada Cement pref... 100
CCM preferred
100
68%
3,700
13%
Jan
•
3
2.00
Jan
Feb
89c
Jan
13%
14
F'eb
4c
Feb
64c
2
93%
70c
Mar
Feb
75c
5,860
3
1
43
Mar
7c
"2%c
Mar
2%
1,756
78c
26c
la
Jan
Jan
5c
KM)
4c
75c
>;
52
*
115
9
3%c
1.04
F'eb
PDkle-Crow
Jan
67
Mar
4c
PI'oto Eng.........
F'eb
60
*5
53
Jan
Feb
8%
Mar
42%e
43%
Feb
12%
115
90c
447
1,000
1,600
92c
42%
Feb
4%
Mar
Jan
2.75
4%
122
Jan
50c
F'eb
4%
Jan
Jan
23c.
18
5
——*
Jan
34 %
Jan:
2"25
Can Cement
2
Mar
■
Feb
26
Feb
30
30
30
Jan
6
Jan
15%
9
2.25
6
36
7
25
61
Mar
Mar
8
—.......
Canada
8%
*
.Canada Bread.
"Can Bread B
Can
25
Mar
2.25
Jan
Jan
8%
Mar
40e
Jam
4%
16
Cad-.;-—
Feb
28c
45
Mar
10c
*
P amour,.......
13c
Mar
14
45c
43c
Mar
Mar
3
1
Page-Hersey
Feb
40%
3%c
Orange Crusu preferred-.*
Paeaita Oils......
*
Jan
8%
Jau
6%
Jau
90 ' F'eb
23 %c
291
17c
*
Ontario Nickel.
9 30
Mar
3,900
"•
Jan
37%c
75c
.1
Jan
10c
Feb
F'eb1
19c
500
1
Okalta Oils
Jan
1.40
4%
4o
.....*
Omega.
.)an
10c
Feb
9,200
North star preferred-5
4K
9
5
Arntfield Gold Mines.--.1
Feb
6%c
7c
Canadian Dredge...;.
142
Commercial Alcohols Ltd.*
SI cum preferred-
14%
Mar
11
10c
Aldermac Copper
Jap
4c
105% 105%
146% 148%
Jan
4%C-
Feb
62c
13%
25,500
■i
2%c
Mar
75
92c
42%
.1
—
225
4%c
72c
72c
.
Norgold
13%
4c
£•;
Feb
4c
17c !8%c
Nordon Oil—........—.1
Mar
14
Mar
14
Jan
9%
Paper Inv..*
*
i%:- 5
14
F'eb
Mar
8%
Jan
l%c
37 %c 37 %c
6%
1
Jan
29
.
CanVlckers7%
Common..;...
255
Mar
30
Jan
Feb
1.04
4%
4%
8%
17c
—...i
13%
4c
13
Jan
Reliance Grain Co Ltd—.*
188
Mar
8%
2%
Mar
cum
Mar
228
F'eb
30c
6%
182
25
60
2%
60c
Melchers Distilleries pref 10
14
*
45
•
8%
' "Mar
Jan
cum
232
8%
124
Mar
6%
185
228
8%
Mar
30c
5% cum preferred... 100
McColl-Frontenac Oil—
182
"
228
...*
.122%
60e
MacLaren Pow A Paper..*
Feb
95
45%
8c
13c
25c
42%
ar
Feb
1.10
1 20
13c
41
8%
Foweil-Rouyu
10:)
—
Nat Sew A.
Premier..
200
Fleet Aircraft Ltd
Jan
Jan
30'
Advt..*
9c
Jan
60c
..
F'eb
18J
30c
—
6%c
13c
M
Jan
Jan
Mar
4
1,300
1,000
9c
.
1.12
Nat Grocer com.........*
1.20
60c
Preferred.
Jao
Feb
Marconi Co—1
Claude Neon Gen
55c
1.50
6%
cum preflOO
CatelliF'oodi rd5%curapfl5
Mar
5c
2,200 V ' 40c
6,716
4%c
3.000
2 ^c
Mar
Cndn luternat Inv 'I'rust.*
Cndn Pow A
43c
15c
F'eb
8 %c
1.12
5
Jan
17
Can Industries LtdB—_*
Canadian
40c
99c
Mar
1,000
2,200
24 %c
1.02
3%
2,000
4c
.1
153 15%c
17
l.%c
Moore Corp...;..—.— ;*
99c
106
75c
Mo neta...
Mar
6c
Noranda
F'eb
98c
*
Cndn Gen Invest Ltd
Jan
%c
•i
Nipisslng..:...
1.05
14
17
Canadian Breweries pf...*
Model Oils
16 Wc
1.50
4%
Brit Amor Oil Co Ltd
Mar
Feb
Mar
Mar
19%
4%
,
9%
BrewA Dist Vancouver Ltd5
6c
Calmont...
Jan
38 %
200
*
%c
Calgary & Edmonton....*
Jan
2,235
75c
;.....*
Jan
Mar
39%
75c
"
2.15
Jan
92
38%
Jan
56%
Mar
89
85
91
75c
4c
ll%c
3%
"38%
l%c
McAVat ters...;.
Feb
Feb
1.50
290
»
3%
65
49
15
51
...1
Mining Corp
1.34
1
600
155
50%
3%
_,..l
Jan
56
'
100
109
Jan
3%
50%
3%
Jan
r
151
150
...100
1
16%
of Prices
High
Bat'turst Pow A Paper B_*
Massey-Harrls
Nat Steel Car
\ 1.15
Week'8 Range
Beauharnols Pow Corp...*
F'eb
Negus......
Jan
65c
2c
Naybob...;....
Feb
96 •'
Mar
Jan
Mar
Low
65c
l%o
Jan
75c
i
*
1,000
1 %c
Jan
1.00
Friday
Abltibl Pow A Paper Co..*
Feb
5
13, both inclusive, compiled from official sales
Sale
4%
300
Feb
Montreal Curb Market
Last
Jan
Mar
1.47
Castle Treth
Price
2%c
3%
48
16%
151
Par
2.22
Mar
10
155
•
151
''
Feb
2P0
Jan
142
36%
151
*
14,450
3%
1 %c
Jan
:'v 230
3
Royal........— ;---100
Stocks—
1.47
1.75
3%
Feb
182
'
1.39
1.65
...;..*
1,500
6e
15%
Jan
1.75
4
105
20
1.41
48
35
183
March
Jan
151
2?
182
to
51 %c
5
30
182
7
Feb
Building Products
Bui li.igton Steel
1,385
v
182
March
35c
ftc
7.00
Jan
•v.'M
100
...
3,500
5%c
100
151
Dominion............100
M ontreal.....
38c
%c
140
Cndn Ind
Comn orvC--..100
3<>c
4%c
325
145
36c
Feb
75c
100
Jan
12c
5,500
Banks--
Canadlenne.
Jan
1.68
Mar
1.00
♦
2.85
Mar
0a
7.80C
22
9
16 %
.......
Winnipeg Electllc A..y..*
23 •%
Feb
1.26
14?
8c
F'eb
9
*
M «.r
2.23
7
67
::
19 %
50
36%
13%
V
Mar
7.20
35
115
3
Jan
9c
6%c
20
61
3
10c
6c
370
Mar
,_*
Mar
Mar
Broulan.
122
9
5c
9c
Jan
10
67
135
1 >c
■
•
Buffalo rtiiKcrite
75
Jan
9,86f
4c
Brown Oil
122
60
Mar
200
7c
Jan
85
26%
4,766
Preferred...
1,067
39%
Feb
*
lists
5c
2,693
13
25
sales
9c
7.10
Jan
140
Mar
98c
1.41
McVittie....
*
34
3
Jan
21%
2.45
75c
I
52
16%
1.35
366
1.26
Maralgo
9c
1,106
15,325
Jan
Feb
1.05
2.40
Jan
55c
8%
11%
Mar
22%
.
1.28
M c 1 nty re-Porcu pi ne
6
McKenzie-Red Lake;;-— .1
Bralorne
Mar
106
..*
Steel Co of Canada
fctccl Co of Can pref
65c
14%
•
F'eb
1%
52c
98c
...
1.07
—
Mar
173
F'eb
Mar
c
"2.45
—
High
Bobjo..
Jan
10%
Mar
1
Jan
21%
19%
Preferred...
Low
24
3%
8c
Feb
1
38%
Jan
Jan1
......
Range Since Jan. 1
for
Shares
preferred. ——-.100
Bell Telephone
100
BidgoodK
1
43
-
6%
12,500
Jan
4.15
48
M aple Leaf M11 ling
Week
High
6.
1st
30
12%
v
22c
McColl.
14
15
9
McD-Cockshutt...
185
1%
49c
v
12
3-CO Mar
925
Feb
5,100
14,285
98c
22
Macaasa.
Feb
23
485
Simon A Sons (H)...._..*
Feb
4%c
14
Feb
13
Class B
2 70
Jan
23
9
36%
F'eb
Feb
2c
*
4()e
115
Mar
2.35
*
1.40
13%
18c
800
*
13%
fct Lawrence Paper preflOO
700
'
British Dominion Oil
1.25
Shavvlnigan W A Power..*
Low
40e
......1
69
.
6%
...*
1,000
1
Brazl 1 Traction.....
9
Sher Will of Can pref_.10u
18c
.0
..
Loblaw Groccl A..,,....*
Jan
23%
Jan
122
18c
British American Oil
13%
St Lawr Flour Mills pf. 100
Little (LL)
Jan
*
preferred.
Jan
Jan
50
fet Lawrence Corp.—
2.68
Jan
3%
15%
Feb
16
206
108
108
2.40
26
3%
3
Regent Knitting.
♦
Preferred.—.— .25
Sagucnay Power pref.. 100
100
e.ord—
3,590
preferred..
Jan
48
12%
12%
2.25
Jan
9
*
47c
Mar
16
24%
3%
3%
1
Leitch.
2,766
Expl——
330
122 % 122%
Penmans
Lebel Oro.
Jari
5c
Barber-Ellis...........10
39
5;
48
'•
25
J.
151
5
PenmauB..
5
580
-
21%
151
.100
Ottawa L H A Power.. 100
Laura
Jan
Jan
,
4%
115
Mar
44
Jan
60c
Jan
2
F'eb
8,475
39
National; teel Car Corp.*
31c
-
4c
Beatty A...
Jan
Mar
3%
Mar
15
43
1.40
112
.
Mar
24o
1
1.12
Beattie Gold....
10%
Mar
5
25
*
6%
Feb
Lapa Cad. 1;,.iJ±.'T
3%c
Bear
Jan
6c
Jan
4c
Jan
"
;700
49o
3c
B tttaurstPower A..;
13%
Jan
1.05
Jan
36
Mar
11%
F< b
1.05
Jan
7
Mar
3.70
.47%
3%c
Jan
9
225
,y: is
2.20
9
;
Bank of M ontreal.::.. 100
Mar
12%
3.70
Feb
1
—.;
Bank Toronto..100
1 1
Mar
8.7/
3.70
47% •47%
6%C
6 %f
7Y
6%
1
Jan
2%
1Q%
Mar
-.8.60
3.70
.....;.l
—...
6%
7%
8.65
Land B A L.-100
Mar
1
.
v
24%
50
20%
As.iley.
.
•;
10
Lake Shore—
Lamariue G_;
Jan
Sales
12c
A rut field.
Feb
Feb v.
Jan
53c
65c
j v. •*
_
Feb
6.95
12,631
1.95
of Prices
Amm Gold;.:.ifj.1
Jan
(72%
52c
Mar
59)
WeePs Range
Price
Ang,o Canadian....,;.:.*
Jau
6
;
>
Jan
97
A.
40
24%
Wlislls
Feb
Jan
V
2
500
20
A
,
"
Feb
31
3%
24%
Quebec J ower..—
;
537
112
20%
Tramways... 100
National Breweries.....
Price Bros A Co Ltd..
4%
A kiertnae
Jan
6
370
6%
1.40
J 3%
112
Preferred
4%
50c
350
Aome Gasi.—*
82
Feb
....1
62c
McLellan..
Jan
154
4.35
Feb
1,100
a
Alax O &-a.:....^.r.-:.l
A P Conn.
,1JJJ. i
Mar
Feb
601
54c
Abi tlbi.... *
Jan
Mar
3.35
2.2^
t.
Sale
Par
5%
25
^
i
Last
Stocks-
Jan
Mar
Mar
1,250
11%
6%
1.40
'
1,40
Ogilvie Hour Mills
3%
9,271
Preferred...
8
-V
78
235
32%
Mont Cottons pref—.100
Noranda Mines Ltd
Jan
Feb
3.55
2.05
Friday
.15%
Feb
3.35
50c
20c
March;7 to March 13,-both inclusive, compiled from official
Jan
6%
39
3.35
1.31
Toronto Stock Exchange
7-r Mar
•:
-133
•
50
6%
McCoII FronteuacOlI...
Preferred
:
6%
v
225
11%
Mar
Jan
-.1
Feb
ty..' V
Jan
'
Massey-Harrls.........
Montreal
14
-
1.300
'
31
,
29 %c
MalarticGF.......
Jan
3%
13%
Mar
53c
OiD—•
.
Feb
3%
.
Jan
Mar
23c
Kerr-Addison.
Jan
5
8
6%
105
Feb
11%
M adsen-Rcd Lake.......
Jan
30
11
24c •: 2l(
Mar
•
1,637
1.95
1.95
154
Mar
Jan
5,400
Mar
2,945
Mines... 1
Dalhousie Oil Co Ltd....*
Mar
Mar
68
25<
-
10
.18
Jan
.26%
11 /
;<7%
10
40c
15*
Feb
"
.
25c
Kirk land Lake...
Feb
36%
H%
Jan
75e
92
Mar
23c
Mar
•;
Jan
Mar
-
11%
20c
;
99
iviar
90
31%
22c
1.05
■
100
154
Jan
"lT%"
Jan
■'
1
Jari
90%
1,477
v
Jan
30c
—
J
37c Mar
1,500
200
0^374
Jan
15*
5-100
Internatioral Petroleum.. *
Jason Mines,
/:88c
'1.00c
550
20;
F referred
10
90
32%
0%
12%
Mar
25c
26
90
31%
Jan
Mar
10
fOO
90%
90
High
204
Jan
Mar
ion
25c
90%
200
1,9-4
31%
Jam
88c
■
90%
A preferred...100
10
10
25c
International Nickel...
1.38
Mar
10
Low
Shares
High
,200 ..,.200
7%
8
1
F'eb
40
Mar
•'23%
97
24 %
Hudson Bay Mining.....*
.
6 2c
1,12
Mar
2.22
'
Jan
Jan
201
1'
100
400
36c
l
ar
Feb
v-.'-'
Jan
7%
Range Since Jan. 1
for
Week
of Prices
Low
10
Int Met preferred.;...109
Jan
4.00
«
Mar
20 a
125%
Mar
1;.
7.05
7.00
11
"4'^W-
^
1.38
38%
1.23
62c
2.40
23
10
V
36c
COO
1.05
20:
4%c
20%
.11 >11
97
v.
5
:
62c
.
2.35
-
210
2
76c
11%
Feb
Feb
y 320
,
1.23
>4%e
t
25
5%
75c
Home Oil Co Ud._—,.—.*
'
7,.;
50 V
08
< 5%
Gurd
'i.
Mar
8.7.5
3.70
1,000
1.47
39%
Homestead Oil A Gas Ltd. 1
Feb
i
•
36
1.40
38%
1.23
Jan
3%
-25
5
36h
a
Jan
Feb
4%
,v
Jan
Feb
5%
154
Dryden Paper..;.:..:..*
GatlneaU——i
:*
3%e
2c
"
120
Jan
200
3%
2,£00
"•50
3.70
-5%
V37%
78
153
109
Consol
Mar
.3
4,162
.
Inspiration 1
26%
575
8
-18
Dominion Textile......
Preferred—
-
Jan
23%
17%
»170
15
14%
Dom Steel A Coal B_;;_25
41c
J
Wright Hargreaves Mines *
Jan
Mar
•
665
-
F'eb
i 1 -'i
^
L,
Teck Hug "esGold Vines. 1
102%
•lOt)
1,860 'h
38%
21%
■23%
23%
Sullivan
Jan
Jan
5
7
5%
37%
Jan
Mar
155
Canadian Loconotlve.;..*
Canadian Pactflc Ry .;—25
Con Mining A Smelting..5
Distillers
eagrams——*
28c
Mar
15
950
3H
Jan
5
Mar
.15 •105
.
■U
200
8.70
Quebec Gold M Corp
1
Siscoe Gold.....
1
Sladen-.Valartlc Mines...!
99
•;
100
:
3%
*
29c
3.70
Perron Gold Mines Ltd—1
Jan
17
20
18
105
;
10 2
50
:
100
Imperial Oil
Imperial Tobacco ord....5
F'eb
120%
80
-
102%
Feb
Feb
Max
4%: Mar
22
5
Cndn Foreign Investment *
Preferred.;
i. 100
Jan
v
20%
Mar
le
17%
.
•29%
Feb
20%
-
21%
17
•'
Jan
O'Brien Gold Mines... —1
6%
■
Jan
2c- 2%c
8.70
V.V-
Price
..„»100
Mar
29 c
.
fmperial Bank.
Par
Kc
r
Week's Range
Sale
Stocks (Continued)
14%
29c
-
Feb
46c
Mar
Last
/I'''
yjr.
115
%r
Malartic Goldfields..;... 1
Mclntyre-Porcuplne M..5
Mining Corp of Canada..*
Normctal Mining Corp..*
35c
100
14%
^
High
Low
V
1,0)0
%c
i'ii'
Mar-
Jan ■moYj
■
■I'1
35c
•"14%-
'"i'
^
Mines Ltd.—1
Jan
Jan
Jan
180
.
23
12
Mar
260
21%
170%
99
^
Jan
ore
Lamaque
h*adsen.-R
Jan
Mar
4%
100
5
:
17
102
Cndn Fairbanks pref... 100
;■
•
12%
Mar
5%
-'135
-•
^
18
1,0*8
'
I>0
120
7%.——.100
4%
10
TOO
5%
■■■'■& >'•
Cndn Car A Foundry.—*
6
120
18
»%
Jan
440
4%
Can North Power Corp. ..*
Canada cteamsMp—
Can Wire A Cabled B_..*
9
'
12%
5
5
'
Jan
Vl 225
•
'
12
Building Prodncts cl A—*
•
Feb
595
•
-Lake-* t
Feb
90c
,-> 386
.
8%
•
12
30
TOO
9
13%
*
:
•
75o
9
Bathurst Fow & Paper A.*
Bell Telephone Co.....100
Brick
12
75c
•
'17%
—■
-
75c
■
'
35c
.!>
Shares
High
■'rim
Joliet-Quebec Mines Ltd.l
•'
12
Agnew-Surpass Shoe...,
Alberta Pa.' Grain A.J J..
A lgoma «teel
J...
Fraccoeur Gold Mines.---*
.
Low
Range Since Jan. 1
for
Week
of Prices
Price
'alartlc Gold M.l
Dome "Mines Ltd.—
IT (,6a*
■
Par
Can Malartic Gold Mines. *
y :
Sales
Friday
Week's Range
Last
Sale
Mines (Continued)
Sales
Friday
& Investment
stock of the Nabco
b Ex-stoek dividend,
Liquidating Co.
%
Ex-dlvldend,
r
a Cash sale—not.
Ex-rlghts. ra Listed.
,t Iu default.
Canadian market,
y
c
THE COMMERCIAL & FINANCIAL CHRONICLE
1104
Monday, March 16/ 1942
OVER-THE-COUNTER SECURITIES
*
Par
Investing Companies
Par
Bid
Ask
Far
Bid
6.59
1.85
2.03
Income Foundation
♦Amerex Holding Corp.10
11%
13%
2.55
Amer
6.06
;
Fund Inc common.-10c
10c
1.07
Incorporated Investors..5
Independence Trust Shs.*
Institutional Securities Ltd
Aviation Group shares..
1.17
.
12.09
11.72
American Foreign
3.70
Bid
Par
•
B
13*27
12.04
1
Slfkf1
35c
Trusteed Industry Shs.25c
59c
67c
15.05
18.45
5.34
5.84
Q
Series C—
Investment Banking
Corporations
♦Blair A Co
*...... 1
♦First Boston Corp....10
1.54
3%
4%
1
Axe-Houghton Fund Inc.!
15.16
16.48
Bank Group shares...
60c
30c
43c
9%
10%
10.16
Insurance Group shares.
99c
Investm't Co of. Amer.. 10
15.87
17.25
Investors Fund C*—...1
7.92
%*
1.10
8.11
.
Bankers Nat
k
,
-1
*5% preferred-...----5
Shares.,10
...6
Invest Co Inc..5
Basic Industry
Boston Fund Inc
Broad St
c;>.\
Investing-
♦Common....'**-
2%
3%
4%
3%
2.56
Keystone Custodian Funds
Series B-l!.......—..
12.01
16.89
Fund Ltd.. 1
Century Shares Trust...*
Chemical Fund
1
Christiana Securities.. 100
Referred-100
Commonwealth Invest-**1
Consol Investment Trust. 1
Corporate Trust Shares.. 1
Series AA.1
Accumulative series. -.1
Series A A mod...
1
Series ACC mod---.--l
♦
Crum AForster com. .10
*8% preferred..
100
2.30
7.23
21.07
•Common B shares..
9.62
-
22.66
7.86
Home.——.
Homestead Fire.—
68%
71%
19%
20%
Jersey Insurance of N Y.20
Knickerbocker
....5
8%
9%
15%
8%
17%
Lincoln Fire.....
...5
2%
1%
2%
5%
<7
Maryland Casualty—
1
Mass Bonding A Ins.. 12%
10
American Home
*
52
American of Newark...2%
12%
13%
39
41
Merch Fire Assur com—5
Merch A Mfre Fire N Y. .4
42%
5%
1.36
1.41
Loomis Sayles Sec Fund. 10
26.95
27.50
American Reserve
10
10%
11%
National Casualty...... 10
19%
21%
44%
31%
46%
National Fire..........10
Nationai Liberty..i.....2
51%
Fund Inc common.. 10c
6.91
7.61
American Surety
25
Automobile
w—10
Baltimore American...2 %
Maryland Fund Inc... 10c
2.95
3.55
Bankers & Shippers
3.29
Manhattan" Bond
1.65
1.55
-
-
,
...
14.48
15.55
6.77
7.28
Camden Fire——.—-—6
Mutual Invest Fund Inc 10
7.10
7.76
Carolina
Mass Investors Trust
1.89
1.89
-
24"
22
■
5.20
5.43
19
22%
27%
(Md) voting shares..25c
85c
"97c
National Investors Corp. 1
4.11
"4.44
15.02
National Security SeriesBond series..
5.95
Eagle Fire.......
2%
Employers Re-Insurance 10
%
39%
6.55
5
Excess
10
Federal
24%
29%
%
42%
17%
30%
39%
41%
13%
21%
14%
23%
5
.
North River.*
Northeastern
.
28%
10
Hampshire Fire
Northern
..2.50
....6
Northwestern
Preferred Accident...... 5
88c
97c
3.54
3.91
Low priced bond series..
4.98
5.49
Fire Assn of Phila
52%
54%
5.59
6.19
Fireman's Fd of San Fr.25
89%
10.19
Firemen's of Newark—5
Franklin Fire
...5
Republic {Texas)
25%
38%
24%
20%
Revere (Paul) Fire
Rhode Island
10
Seaboard Surety
't
General Reinsurance Corp 5
8%
36%
21%
19%
Agriculture
5.86
6.45
Automobile
3.68
4.07
Georgia Home....
10
Gibraltar Fire A Marine. 10
Aviation
8.67
9.53
Glens Falls Fire....
5
36%
38%
St Paul Fire A
.
3
4
■■{
240
Globe A Republic.—..5
8%
9%
7%
9%
Security New Haven
10
Springfield Fire & Mar__25
35
Globe A Rutgers Fire...15
68%
Standard Accident.....10
46
5.53
Electrical equipment...
I nsurance stock._
5.51
6.07
Great Amer Indemnity—. 1
8.58
9.44
Great American
1.54
Machinery......
6.7Q
7.38
Halifax
Oils..
5.88
6.48
Hanover
5.96
6.56
Hartford Fire..
3.11
3.44
Hartford Steam Boiler..10
Bank stock series... 10c
series.10c
2.35
2.70
.
........
Metals
»-
Foundation Trust Shs A.l
2.55
2.95
Fundamental Invest Inc.2
13.56
14.86
-
Railroad
Railroad equipment
Steel
4.86
5.36
5.28
—
15
5
64%
9%
10%
23%
25%
11%
10%
10
22%
74%
—
Home Fire Security.
10
..6
......*..100
348
—2
3.20
;
*
General Capital Corp.._.*
22.78
3.90
24.49
No Amer Tr Shares 1953.*
23%
67%
29%
Series 1956
1.74
1
70%
30%
.10
Westchester Fire
__2.50
Series 1958...
New York Trust
3.70
3.99
...1
29c
Agricultural shares
3.98
10.54
shares
Mar. 15, 1944
Par
3.01
3.32
Quarterly Inc Shares.. 10c
4.10
Aviation shares
5.84
6.43
Republic Invest Fund...1
2.53
2.83
Building shares......—
4.00
4.41
Scudder, Stevens A Clark
Chemical shares
4.44
4.89
*
70.56
71.98
Electrical Equipment...
6.10
6.71
6.50
7.09
Food shares.—
3.10
3.42
Selected Amer Shares..2%
Selected Income Shares.. 1
Automobile
....
—
Fund Inc
5.65
6.22
Sovereign Investors..... 1
3.54
3.91
Spencer Trask Fund
Milling shares
4.43
4.88
standard Utilities
...
Ask
Bid
Bank of New York
100
268
278
31%
Bronx
10
County..
—35
Brooklyn.....**.*.—100
Guaranty-..
33%
13%
57%
53%
4.83
5.39
.*
10.45
11.09
9c
lie
3.84
♦State St Invest Corp...*
52.64
2.67
2.95
Super Corp of Amer AA.. 1
3.20
3.96
4.37
2.79
3.08
Central Hanover
...20
Chemical Bank A Trust .10
Clinton
50
64%
*30%
Tobacco shares
Utility shares——
*
No par value.
.....
3.48
2.17
2.40
57.06
1
41
1.60
t Tnese buuJi are subject to all Federal taxe3
*..25
.
....
■»
«
—20
—
or -nnre 3 In
Maturity
Is o'
'
onnt.
,
;
-
Bid
Asked
a
Rate
101.4
101.6
June
101.12
101.14
Sept. 15, 1944
100.9
100.12
Mar. 15, 1945
101.3
101.5
JMar. 15, 1946
101.2
101.4
Nat.Defense Nts
101.16
101.18
101.9
101.11
Empire
40
29%
53%
64%
15,1914
100.28
100.26
M%
101.14
1%
100.28
H%
y 99.27
I%
..
...
..
.
1 Sept.15, 1944
t Dec. 15. 1945
Fulton
.100
—
160
.
101.18
100.30
99.29
99.30
v
100
99.19
i
99.21
rate
on
Underwriters
20
Mar. 17, 1942
United States
-100
record, the February sta¬
During the first two
The McColgin
Ore Sales Co.,
Joplin, Mo., has been designated
:
1020"
980
Straits
was
6, 1942
0.30%
May 13. 1942
May 20, 1942,
0.30%
0.25%
Ju
i
0.25 "0
June
15, 1942
Anr.
22. 1942.....
,
,
0.30%
,
.,
.
0.30%
0.30%
,
0.30%
3. 1942
e
Asked
0.25%
.
May 27. 1942
,
as
tin
over-quota
on
duction of zinc and lead
trates in that
pro¬
for
future
arrival
follows:
March
June
April
May
5___52.000
52.000
52.000
52.000
March
6—52.000
52.000
52.000
52.000
March
7—52.000
52.000
52.000
52.000
March
9—52.000
52.000
52.000
52.000
March
10—52.000
52.000
52.000
52.000
March
11—52.000
52.000
52.000
52.000
Chinese tin, 99%, spot, 51.125c.,
March 5 to March 11, inclusive.
London Tin—No quotations.
Quicksilver
The
silver
price
situation
remains
nized
it
March
for the Tri-State
Metals Reserve Co.,
Washington, D. C., for handling
settlements
29, 1942
May
0.30%
0.30%
....
Apr.
agency
by
Apr.
0.30%
10, 1942.....
0.30 7o
Ex-dividend.
x
Copper Gall For Ever Larger Supplies
district
hid
A iked
Mar. 18, 1942.....
24
months of the current year, total
the
Bid
81
...
tistics show.
as
Treasury Bills
for discount at purchase.
Mar. 19, 1942
180
Quotations notturnished by sponsor or Issuer,
are
Treasury BilLs—
3%
2%
■
Trade Bank A Trust.... 10
43
50
._
quoted
Mar. 16, 1942.
26%
pected to influence quotations on major items. Where basing points
are used, as in Prime Western zinc, the consumers will pay a little
more for the metal.
However, in<^
Lead
reference to delivered prices, it
WPB released a good tonnage of
appears that producers will ab¬
sorb the higher rates. There were foreign and "pool" metal during
the last week, part of which was
no revisions in quotations of mareflected in a larger sales total.
r
jor metals during the last week.
Business booked in lead during
; A greatly enlarged program for
the last seven days involved 17,| obtaining manganese ore from do138 tons, which compares with
{; mestic
sources
has
been
an¬
nounced in Washington. The pub¬ 8,280 tons in the week previous.
Just as long as foreign lead con¬
lication further reported:
tinues to arrive in quantity, the
Copper
trade feels secure about taking
i
Though some consumers are care of the needs of consumers.
i dropping out of the picture be¬ Domestic output is expected to
cause
of enforced restriction on show an upward trend over the
use of the metal in non-essentials,
remainder of the year.
the industry is confronted with
Price wise, the market was with¬
demands for copper for war pur¬ out change. Quotations for com¬
mon lead continued at
poses that call for
ever
larger
6.50c., New
supplies.
Sales in the domestic York, and at 6.35c., St. Louis.
where
regular shipping centers,
learned
quick¬
it
was
a
Quota-*
York
unchanged at
$197.05 to
$198.96 per flask. The maximum
price in the Pacific Coast area
continued at $191, f. o. b. point of
shipment.
Domestic production of quick¬
silver during January totaled 3,700 flasks, according to the Bu¬
reau of Mines.
Consumption was
were
estimated
in
last week.
tions for quicksilver in New
were
at( 3,800 flasks.
Imports
fairly large, but figures have
not been released.
;
week ago.
The price order is be¬
ing studied by the authorities in
ton for Washington and objections raised
concen¬
as
was
{
Silver
~
..
The premium
area.
will amount to $28.05 a
60% zinc concentrate and $39.60
ton for 80% lead concentrate.
a
in
some
quarters to the terms of
the
During the past week the silver
quiet,
market in London has been
with
the
quicksilver
schedule
will
price .unchanged
at
probably lead to some changes in 23M>d.
the regulations. All producers are
The New York Official and the
tic mines in December in terms of
not insisting on the full ceiling U.
S. Treasury prices are un¬
recoverable metal was 66,218 tons,
price, f. o. b. mine, but are ab¬ changed at 35V8C. and 35c., re¬
an
increase of 9% from the re¬
sorbing cartage to points recog¬ spectively.,
-y
vised
November
production
of
;
*
Zinc,
Straits Tin,
.—Lead—t-Electrolytic Capper
60,944
tons,
according
to
the
Production of zinc from domes¬
■
Total mine pro¬
recoverable zinc for
Bureau of Mines.
Mar.
Domest., Refin.
Exp., Refin.
New
New York
of
Yorji;
St. Louis
/
St.' Louis
5;V.vv';
1941 is calculated at 735,866 tons,
11.775
11.700
52.000
6.50
6
duction
11.775
11.700
52.000
6.50
6.35
8.25
52.000
6.50
6.35
8.25
7
:
■V:v
11.775
11.700
6.35
8.25
8.25
9
*
6.50
6.35
11.775
11.700
52.000
665,068
10
6.35
8.25
6.50
y
'"y ;:-'v.
11.775
11.700
52.000
tons produced in 1940.
Prelimi¬
11
8.25
6.50
6.35
'/'
11.700
52.000
.y
11.775
market for the last week amount¬ Chemical
lead
sold
in the
St.
nary figures for January of the
ed to 26,669 tons, making the total Louis district at 6.40c. a pound,
8.25
6.35
6.50
^
11.775
52.000
11.700
current year indicate an output Average
for the month so far 43,648 tons.
zinc
for the month of 65,286 tons from
Average prices for calendar week ended March 7 are: Domestic
Quotations remained on the basis
Sales
of
zinc
■'
by the Prime domestic mines.
copper
f. o. b. refinery, 11.775c.; export copper, f. o. b. refinery,
of 12c., Valley, for domestic con¬ Western
division for the week
11.700c.; Straits tin, 52.000c.; New York lead, 6.500c.; St. Louis lead,
'Tin
sumption, and at 11.75c., f.as. on ended March 7 amounted to 9,158
6.350c.; St. Louis zinc, 8.250c.; and silver, 35.125c.
imports of foreign metal.
tons, which compares with 2,809
Consumption
of
tin
in
the
Australia has been increasing tons in the week
The above quotations are "M. & M. M.'s'r appraisal of the major United States
previous. Ship¬ United States is receding, in line
production of copper from local ments of the ordinary grades of with the program for conserving markets, based on sales reported by producers and agencies. They are reduced to the
basis of cash, New York or St. Louis, as noted.
All prices are in cents per pound.
:
sources, and adding to the total zinc for
the- last week1 totaled
supplies. Use of tin in this coun¬
Copper, lead and zinc quotations are based on sales for both prompt and future
supply by treating blister from 5,103 tons. The backlog was up try is
f
expected to drop to around deliveries; tin quotations are for prompt delivery only.
outside sources. The Electrolytic slightly to
In the trade, domestic copper prices are quoted on a delivered basis; that is,
100,501 tons as the 60,000 tons a year in the near fu¬
delivered at consumers' plants.
As delivery charges vary with the destination, the
Refining & Smelting Co. of Aus¬ week ended. The price situation ture.
The United Nations will
figures shown above are net prices-at refineries on the Atlantic seaboard.
Delivered
tralia has been refining
blister in Prime Western was unchanged. have about 92,000 tons of new tin
prices in New England average 0.225c. per pound above the) refinery basis.
copper from Rhodesia, according Demand for High Grade remains available this
Export quotations for copper are reduced ta net at refineries on the Atlantic sea¬
year, according to
board.
On foreign business, owing to,World War II, most sellers are restricting offer¬
to the "Metal Bulletin," London. in excess of
supplies.
trade authorities.
This quantity
ings to f.a.s. transactions, dollar basis. Quotations for.the present reflect this change
The tonnage being handled is de¬
Production of zinc in the United covers the tin
content of Bolivian in -method-of 3oing business; A total of 0.5c isdeducted from f.a.s. basis (lighterage,
or
a
10.6%
increase
over
-
-
.
^
;
*
26%
62
output of slab zinc in this coun¬
try came to 152,752 tons, a gain
1
"Metal and Mineral Markets" in its issue of March 12 reported
of 19.5% compared with the same
that producers and consumers of non-ferrous metals are interested
period last year and an increase
in the forthcoming upward revision in railroad freight rates.
This of 34% over the
Jan.-Feb. period
will amount to 6%, effective March 18, but the increase is not ex¬
of 1940.
j
9%
*23%
27%
51%
New York.**.......
11%
27%
Non-Ferrous Metals - Sales Increase-Demands
For
one
Asked
1345
Colonial————25
Corn Excnange Bk & Tr.20
1.50
*
Title Guarantee A Trust. 12
Trustee Stand Invest Shs—
1
.
Preferred
32%
Continental Bank A Tr.10
*3eriesC
♦Series D
1295
Manufacturers
66%
38
1.58
2.90
...
shares..
103%
100%
u
*
United States
199
8%
^
Rates
Lawyers
Inc.50c
Railroad shares!
Petroleum shares'
103
......
Ask
194
Irving
Kings County
2.83
RR Equipment
Steel shares
103
101%
104%
100%
103%
4.90
B ankers.. ....—10
Merchandise shares
General Bond
Bid
Asked,
100%
104%
%%
1%%
1%
1%%
1%
.
__
11.27
(Geo) Fund....l
Bid
■
2%
1%%
—
..
..
4.39
25
Int.
Bid,
Rate
..
34c
Putnam
Group Securities-
23
Sterling Nat Bank.. *...25
Figures after dec'mal oolnt represent
Maturity
{Mar. 15, 1943
June 15, 1943
Sept. 15, 1943
Dec. 15, 1943
Companies
1.38
135
Int.
....
Plymouth Fund Inc.__10c
General Investors Trust. 1
i
46
Sept. 15, 1942
Dec. 15, 1942
1.78
100
_*
Quotations For U. S. Treasury Notes
24%
44
4
U S Guarantee..
45
26%
{{notations For RecenMond Issues
3%
1.48
Series 1955...... .....1
2.95
Shares A
B—
1015>
-17%
145
358
U S Fidelity A Guar Co..2
%
First National of N Y.. 100 x985i
Merchants..
210
5.80
36%
Public National
f
40
24%
Peoples National...
-
!
48
2%
100 1175
'
No Amer Bond Trust ctfs.
Fundamental Trust
615
...100
•
16
13
99% 103%
U SFire
24%
77%
45%
42%
10
Stuy vesant..... ■_
Sun Life Assurance
Travelers
A
12
37
6.26
4.55
..10
150
585
50
22%
20%
-12% ■y 10
-.12%
Exchange
Wisconsin Power A Light 3%s, 1971.
6.93
1.31
141
Fifth Avenue..
Penn
23%
41%
5.68
4.80
21%
39%
10
6.29
Fund.5
Chase National...... 13.55
Commercial National.. 100
National City
National Safety...*
-----
Pennsylvania Electric 3%s, 1972.
Schenley Distillers 4s, 1952
Southern Natural G^s Pipe Line 3%s. 1956
Union Oil of Cilifarnii 3j, 1937
4.12
Fiscal Fund Inc—
90
10
8%
Chemical
2d preferred
42'.
Ask
45
Alabama Power 3%s. 1972.................*...—
Central Ilil 'ols Public Servi e 3%s, 1971
.*
Bank stock
16%
13.55
Bank of Yorktown.,66 2-3
Bid
National Bronx
fti'y,;.vyy:^-.y 'y-;y;MA
232
...2%
Marine.62%
.......
13%
22
Building supplies
21.60
15%
12.60
6.53
33%
5%
25%
Seaboard Fire A Marine. 10
1
,:
"14%
Bensonhurst Nationai *.. 50
;r"*
.Par
•
76%
31%
4%
23%
20%
10
23%
New England Fund
12%
34%
73%
11%
Reinsurance Corp (N Y)_2
9.45
92%
9%
Fidelity A Dep of Md...20
10
Bank of Manhattan Co. 10
.<
32%.
Provldenoe-Washington. 10
New York Stocks Inc—
20.09
IK)
Ask
120
106
>
...10
Preferred stock series...
4.23
109%
110%.
129%
110
91
114
_
Phoenix......
5%
87
National .25
Pacific Fire..
* _*.25
Indemnity Co... 10
Pacific
Income series.....
.;
5%
12.50
_
7%
34%
36%
108% 113%
6%
9.28
A—.10
New
New York Fire
16%
10
New Brunswick...
20%
25%
20%
19%
23%
5
Continental Casualty
29%
.
—10
City of New York—....10
2.59
(Colo) ser Bshares....*
112
Boston.
82
Bid
Par
6%
53%
6%
7%
146
151
National Union Fire....20
New Amsterdam Cas
2
7%
6%
79
Connecticut Gen Life—.10
Natlon-WIde Securities—
119
13.89
.100
1
Mass Investors 2d Fund.l
1.55
3.19
25
33%
16.11
Fixed Trust Shares
"v. :•'<"'si'ir if :-;f •'
46%
American Re-Insurance .10
28%
108%
New York Bank Stocks
55
2.83
3.03
3S...1946
i
Panama Canal 3s...*19611 127%
3%
10
8.74
Insurance stk
35%
;
25
American Alliance——10
15.16
First Mutual Trust
U S Coiversio
U S Conversion 3s.-.1947
68
33
Agricultural
10
Ins Co of North Amer.. 10
67.50
26%
101.11
y'•.
Other Issues
27%
17%
American Equitable.... .5
Am Fidel A Cas Co com. .5
1
Equitable Investment
Corp (Mass)
-5
Equity Corp $3 oonv pref.l
Fidelity Fund Inc.
*
15%
25%
2.55
Howard—
25%
66
47
23%
Balanced Fund.—...1
Stock Fund.
5
45
10
66.15
Series S-4
Authority—
1%% notes Feb. 1,1944 101.8
—
Loomls Sayles Mut Fund. *
vr.
Eaton A
Ask
8.21
3.80
Shares..——25c
7.12
Series 8-3........
U S Housing
2s....—May 16, 1943
Call May 16/42 at 100% 100.31 101.2
l%s Jan. 3, 1944—
Call July 3,'42 at 101
101.4
101.7
'
Bid
Par
17.40
2.55
Dividend
10.56
Aetna Cas A Surety
tl%%— July 15, 1943 100.21 100.23
tl% —Apr. 15. 1944 100.8 100.10
100.2
100.3
1,1942 100.1
k 1943 101.12 101.16
2s——-...Anr.
7.58
.10 *27%
♦7% preferred-100
Shares.*
Delaware Fund
'
1
Diversified Trustee Shares
12.70
Corp—
1%
July
1, 1942 100.12 100.14
!%%....Oct. 15, 1942 100.11 100.13
>
15.1942 100
Asked
Bid
Reconstruction Finance
Federal Natl Mtge Assn—
16.40
Crum A Forster Insurance
Cumulative Trust
7.96
13.05
Companies
119
Aetna Life...—.*._:
Series S-2
2.90
115
Aetna
16.08
—Anr.
-Sept.
Ask
10
29.29
24.94
11.51
.
Bid
...10
26.73
11.89
Series K-l
Series Kr2
Canadian Inv
Par
14.63
.Series B-3*...—
Series B-4..„
18.26
11.39
Insurance
12.85
22.75
Series B-2
■
11.17
10.38
Bullock Fund Ltd.
..
Asked
Federal Home Loan Banks
67c
9.45
Aviation!Capital Inc
f-s*
Bid
Commodity Credit Corp—
May
1,1943 100.12 100.12
»%%—Feb. 15. 1945 100.8 100.10
1.73
9.11
;,v" ♦
Obligations Of Governmental Agencies
1.02
..........
13.00
Investing
—10c
Assoc Stand Oil Shares.. .2
v
:
Ask
10%
Lt A Pr Shares A...
Wellington Fund....
.
9.99
2.33
Business Shares.
3.88
1
.....
Union Bond Fund ser B...
5c
♦Huroiv Holding Corp.. .1
Affiliated Fund Inc...l%
—
-jt-;
;, r
Trusteed Amer Bank Shs»»
"Ask
plnOR
Aeronautical Securities._1
Ask
U S El
—-.1
♦Series A—
'
■
Bid
Trustee Stand Oil Shares—
♦Series B
V
Quotations for Friday, March 13
y
,
scribed
as
"substantial."
States
attained
the
highest daily production of
concentrate.
•
***
'V
A*
etc.)
to arrive at the f.o.b. refinery quotation.
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 155% Number 4055
1105
Weekly Statement of Resources and Liabilities of the 12 Federal Reserve Banks at Glo$e of Business March 11,1942 i
-
I
*
(000) Omitted
Federal Reserve Bank of— ;
Three Ciphers
'
.
%
\
-
*
,
i
Boston
Total
! ;;v -
New York
Philadelphia
Cleveland
'
•!. •! '.•'
:•,
Gold certificates
ASSETS r-y:y'y:.y';/"
<
Redemption fund—Federal Reserve notes—
Total
reserves
_*
w
$
-8,136,936
1,149,667
■■
•
.
'
•'
"
k
t
'
Kansas
Richmond
Atlanta
5,;'
*
St. Louis
Chicago
;y'y,,
$
807,644 V.
1,627,450
•
•
589,055
$
'
Minneapolis
s
3,474,332
City
$
627,498
San
Dallas
v
S
359,907
Francisco
$
544,114
t
382,057
1,652,508
3,706
1,342
1 1,282
1,000
J-4 .1,540
497
326
627
479
1,092
68,539
24,930
26,591
17,096
20,090
58,824
19,152
5,999
13,615
12,513
31,930
1,195,090
8,206,817
1,175,879
1,655,041
826,280
609,761
3,534,653
647,147
366,232
558,356
.,..
.
20,855,835
,
'
,
-
327,920
—
Bills discounted:
1,162,743
'
28,641
14,004
.
—
♦Other cash
$
*
;■
20,513,911-r
-
hand and due from U. S. Treasury
on
7
_•
. ..
,: ,v
1,497 <■
616
r
395,049
,
1,685,530
'
,
'
Secured
..
270
5,420
by U. S. Govt, obligations, direst and guaranteed—*.
Other bills discounted*.
>"
919
«.
-
4,270
689
11
600
50
110
-
125
•■v.'10
.
Total bills discounted
_
-
6,339
270
637
fey# :
4,870
8,686
_
1,097
739
121
45
88
¥/:* 71
si
-..
125
81
45
88
'
Industrial advances-——y———
.
•
U. S. Government securities, direct and
(Bonds
I————
Notes
'
guaranteed:
———
Total bills and securities
'f ' 'J k&l •'
';M;
•
*'"X! k:
?,/
752
378'
484
•
,
6
'
515
••
■
.
77
430,879
123,256
154,366
93,287
66,387
189,868
73,720
47,127
71,369
60,814
50,954
191,181
54,689
68,492
41,391
29,456
84,245
32,709
20,911
31,666
26,983
165,792
622,060
177,945
222,858
134,678
95,843
274,113
106,429
68,038
103,035
87,797
166,699
628,027
182,851
223,194
135,430
96,452
274,491
106,435
68,553
103,193
88,123
2,268,261
_
'
'
120
;.
;«■ \
114,838
2,253,236
guaranteed
••
238
1,560,736
;
———
—
215
y
692,500
1
—
Total U. S. Govt, securities, direct and
;
I
4,167
*•;
134,825
59,823
•
194,648
|
194,813.
'
47
3
18
4
2
f-5f; 2
6
—
25,614
724
3,167
1,555
1,579
2,605
4,451
2,512
2,215
673
1,962
623
3,548
—————
67,855
Due from foreign banks
-
■
—-
—
Federal Reserve notes of other banks—
:r.:.
^
1-
,
see
,
t
4*
1
.lv-
1,017,994
86,861
230,393
70,455
122,812
86,928
41,576
161,776
46,383
24,013
42,263
36,679
Bank premises
40,699
2,768
10,470
4,845
4,420
3,044
1,971
2,960
2,146
1,333
2,861
1,126
2,755
Other assets
55,744
3,609
14,417
7,761
5,566
3,333
2,101
5,906
2,305
1,623
2,272
1,946
4,905
24,264,194
1,455,754
9,093,300
1,443,351
2,012,616
1,057,622
756,314
3,982,304
806,632
462,427
710,908
523,547
1,959,410
vf 141,494
758,376
311,269
1,031,590
XJncollected items—
_
Total assets
.
.
Federal Reserve notes in actual circulation
!
yy-y.-y.;;^'/
LIABILITIES
.
ft
8,597,386
697,159
2,193,863
608,396
819,955
447,954
301,099
1,796,062
337,629
218,868
278,531
12,968,350
604,193
5,763,006
641,990;
947,190
472,384
369,836
1,904,307
377,883
187,943
356,759
Deposits:
Member bank reserve
account
—
-
-
60,267
1,223
47,849
535
552
553
568
589
3,339
743,729
28,334
293,210
70,482
67,545
32,304
25,696
89,570
22,026
16,152
21,291
573,026
16,622
462,232
15,039
25,527
3,133
3,129
2,379
8,512
8,915
1,296
2,470
23.772
650,372
6,566,297
728,046
1,040,814
508,374
399,229
1,996,845
411,760
213,555
379,962
335,615
1,114,503
938,914
82,023
203,220
70,519
116,693
84,746
42,021
140,352
,45,237
20,124
40,825
34,695
58,459
7,592
496
905
3,925
420
348
204
480
124
i4i
127
163
259
23,889,264
1,430,050
8,964,285
1,408,886
1,977,882
1,041,422
742,553
3,933,739
794,750
452,688
699,445
511,967
1,931,597
4,458
3,043
4,647
4,426
11.914
4,966
3,152
3,613
3,976
10,792
2,121
U. S. Treasurer—General account
:
Foreign.'
:
■
_
Other deposits
....—
—
;—
.:
•
Total deposits
Deferred
Other
•
14,345,372
availability items
liabilities, including accrued dividends.
Total liabilities.
....
__
__
_
.
_
.
—
_
__
!
•
545;;.
;
t
r::-,
6i6
•
585
3,313
21,291
55,828
CAPITAL ACCOUNTS
Capital paid in
Surplus
_
_
.
143,193
...
Surplus (Section 13-b)
52,208
11,841
14,767
5,753
4,938
15,793
10,949
56,651
15,171
14,346
5,236
5,725
22,925
Other capital accounts
!
..
_
7,070
4,393
1,007
3,244
713
1,429
530
1,000
1,137
1,263
2,476
13,093
3,060
4,614
1,967
2,385
8,418
1,928
2,544
2,066
1,915
2,986
9,093,309
1,443,351
2,012,616
1,057,622
756,314
3,982,304
806,632
462,427
710,908
523,547
1,959,410
128
-—1
2,874
47,454
1,455,754
!
Total liabilities and capital accounts
431
2,109
1,028
1,432
1,614
1,934
1,056
23
.
..
Commitments to make industrial advances
•"Other
cash"
does
Include
not
.
26,781
_
_
__
9,405
157,502
—_
_
(Section 7}^
Federal
Reserve
notes.
•
V
1,500
2,119
tLess than $500.
Federal Reserve Note Statement
.
Three Ciphers (000) Omitted '
y
.
1
Kansas
Total
Federal Reserve Agent at—
;
Federal Reserve notes:
(
Boston
-
New York
$
Issued to Federal Reserve Bank
by Federal Reserve Agent—. i
Held by Federal Reserve Bank_i—y—».u——————
In actual circulation
y
*
^
716,652
Cleveland
$
$
9,000,690
-
Philadelphia.
Atlanta
St. Louis
Chicago
$
$
$
852,524
629,166
2,295,212
(Richmond
483,288
322,747
$
Minneapolis
$
$
1,840,137
$
Francisco
$
289,774
224,084
354,949
San
Dallas
City
157,323
»
834,834
'
403,304
19,493
101,349
22,770
32,569
35,334
21,648
44,075
17,320
5,216
8,597,386
697,159
193,863
606,396
819,955
447,954
301,099
1,796,062
337,629
218,868
278,531 y
141,494
758.376
9,124,500
740,000
2,300,000
640,000
855,000
500,000
330,000
1,860,000
370,000
227,000/
295,000
163,500
844,000
5,905
270
4,870
690
9,130,405
740,270
2,304,870
640,690
163,500
844,000
'
y.————
11,243
15,829
76,458
y,
Collateral held by agent as security for notes issued to bank:
Gold certificates
Eligible
hand and due from U. S. Treasury
on
paper*..—..
———
Total collateral——
—
....
—
—
—
Weekly Return of the New York City
Clearing House
The weekly statement
Clearing
House
issued by the New York Cit>
Friday afternoon is given in full
on
below:
of
Statement
close
at
members
business
of
of
the
Thursday,
New
York
March
12,
Clearing House Association
1942:
•Surplus and
Undivided
Clearing House
Members
Net Demand
Deposits
Average
Bank
of N.
Bank
of
Y
the
hattan
6,000,000
Bank
27.453,600
632.366,000
95,391,100
t2,698,932,000
Trust
152,086,000
59,161j,700
921,439,000
12,110,040,000
82,155,000
41,891,200
42,233,700
817,531,000
15.5%
110,920,000
.
&
Trust
Co
Exch.
Trust
21,000,000
77,530,400
15,000,000.
;■
20,458,200
§1,175,281,000
/
Following
84,552,000
.
376,325,000
First Nat. Bank.—
10.000.000
110,278,400
784,215,000
Irving Trust Co.—
50,000.000
54,193,600
731,949,000
•*
935.000
BANK
Trust
Co.
March 11,
4,574,900
83,376,000
1,311,000
100,270.000
140,639,800
113,385,459,000
35.105.000
4,384,800
60,159,000
4.465,000
86,203,500**1,168,067,000
67,071,000
500.000
Fifth Avenue Bank
Bankers
Title
Trust
Co.
Guaranty
Trust Co.
6,000,000
Nat.
Bank
and
10,410,800
162,436,000
28,383,800
471,160,000
2,818,000
33,232,000
Nat.
7,000,000
9,094,300
147,011,000
938,000
-
Co.—
•„
accounts
secur.
dealers
7,000,000
11,060,000
t 108,494,000
51,737,000
Totals
•As
per
Includes
able
000;-
i—__
official
518.661,200
reports:
trust companies,
deposits
in
986,605;500
National,
Dec. 31,
foreign
Dec.
16,096,888,000
31,
722,681,000
State,
Dec.
31,.
branches:!
date):
(latest
avail¬
iH58.693.000-(latest available date) ; § iMarch ]2V.'' S2 572,H$98,609,000 (latest available date); ••(Feb. 28), $25,820,000.
£
1938
£
?
534,899,985 477,248.387 479,475,746
13,411.000
34.929,344
10,525,030
11,109.347
164,108,431 156,684,173 142,019,769 154,713,154
52,081.591
154,023,000
53.991,506
42,648,678
146,282,838 136,354,068
27,681,799
26,270,599
26,986,749
4,168.012
5.998.935
3.218,320
119,046,337
35,549,311
35,666,817
97,531,164 112,206,164
23,411,038
24,105,505
20,271,664
,23,513,787
23,768,429
1,706,688
21,704,350
3,640,045
20,464,460
notes'
924
726
2,734
2,075
731
724
522
14
15
22
33
35
35
and coin
30,337,000
23,084,000
593,563
Other
Res.
79
U.
S.
354
149
148
166
51
49
103
103
111
23
23
26
—
29
29
454
by
392
77
78
73
388
211
453
425
517
1,449
1,522
138
137
145
3,809
3,825
2,903
954
956
77£
1,489
1.495
1,583
105
105
126
1.440
1,438
1,450
384
380
405
4,922
4,884
6,755
1,119
1,147
952
79
74
85
41
40
36
89
83
101
267
264
271
the
securities..*
in
vault..
455
54
20
v;'
401
bonds—
guar,
r
1,453
Government—
—
'
.
with domestic
——
—
315
319
343
43
42
44
10,633
10,517
11,038
2,289
2.262
2,047
711
725
753
462
463
503
860
857
14
290
290
96
3.342
3,373
3,963
1,083
1,095
1.0G3
577
567
592
8
8
net
assets,
Demand
Times
96
327
pur.
bills—
notes
Balances
Other
80
328
with Fed. Res. bks.
Cash
1,504,563
46 444.520
depos.—adj.—
deposits
Govt,
deposits—
49.836,281
47.773.056
Foreign
to liabs.'-
2%..
Gold value per
*1,'
13.0%
14.1%
...
yiy.?%..
banks.
Domestic
1,344,505 227,084,668 327,248,802
,
Bank rate,-——
—
2,693
Inter-bank deposits:
Proportion of
fine oz.
2,927
929
117,629,266 110,116,925 114,035,495 106,470,458
Securities
res.
t$276,044.000
'
$
2,963
3,223
loans—
States
S.
banks
Coin & bullion
1941;
1941.
£
1941
-
10,892
loans..—
Obligat.
U.
for
banks..
to
Loans
United
1939
1940
•
$
3,876
carrying sees.—
STATEMENT
March 16,
Mar. 12
1942
12,471
—
loans
Other
March 15,
Discts. and
Reserve
1941;
19,989,000
Oth. accts.
Govt,
£
169,706,857
advances
Bank
Trust
1941
£
.y
March 13,
753,574,000 608,420,000
deposits
Other depos.
£d>nk6rs>
Other secur..
&
Trust Co..
Public
2,154,000
Circulation
Publ.
>.
Trust Co
Com.
17,076,000
5.000.000
Trust Co.
Y.
1,171,000
12.500.000
_
Midland
Marine
N.
25,000,000
&
:
COMPARATIVE
March 12,
1942
4,000.000
Chase Nat. Bank-
ENGLAND'S
OF
6,530,000
Continental Bank &
Mar. 4
$
to brokers and
Loans
Treasury
'
$
1942
2,774
indust. &
agricultural loans.
Open market paper-
Treasury
26,325.000
"
$
!Mar. 11
Commercial,
comparison of the different
a
1941
3,913
Real estate
present
we
Chicago-
Mar. 12
12,505
total
total
Loans,
.
items for several years:
1942
$
Loans and invest.,
;
Other
Bank
Co.__
City
Mar. 4
Assets—
;*
MEMBER
CITIES
Millions of Dollars)
1942
in
.
RESERVE
Mar. 11
on
at 2%.
CENTRAL
——New York
Cent. Hanover Bank
Corn
IN
(In
£1,968,415 in discount and advances and of
securities. The proportion of reserves to
14.1% from 14.8% a week ago and
two weeks ago. The bank rate was unchanged
£673,018
12,195,000
189,470,900
AND LIABILITIES OF WEEKLY REPORTING
BANKS
liabilities dropped to
90.000,000
Co.
and Chicago—Brokers' Loans
ASSETS
decreases of
34,944.000
77,500,000
20,000.000
Guaranty Trust Co.
Manuf.
13,208,000
&
Co.
Trust
245,572,000
20.000.000
City Bank
Chemical
14,511,(TOO
Man¬
Co.
National
s
295,075
Returns of iember Banks in New York
England Statement
other deposits
latter amount
was
due to the decreases of £11,222,539 in bankers ac¬
counts and of £3,742,942 in other accounts. Government
securities were lessened by £1,390,000 and other securi¬
ties by £2,641,433. This last amount is the sum of the
Time
227,000
370,000
1,860,00
330,000
in public deposits during that week, while
fell off £14,965,481.
The decline of the
$
$
500,000
£2,096,000, bringing the total at its highest in the bank's
history. Gold holdings decreased £18,805, so that reserve
dropped £2,116,000. There was a sharp gain of £8,808,000
Average
$
•Capital
855,000
The statement for the Bank of England for the week
ended March 11 shows a gain in notes in circulation of
Deposits
Profits
Bank of
75
32.6.%
28.8%
2%
2%
2%
168s.
148s.5V2d.
84s.liy?d.
24.2%
banks
Borrowings
Other
168s.
168s.
v
—
—
liabilities—*—— ......... 248
250
1,539
1,542
7
-
.
Capital accounts-
.
..
310
1,506
.—
v
-1. 19
.18
283
7
—
.
u
283
,263
CHRONICLE
THE COMMERCIAL & FINANCIAL
Government
East Goasl Gas, Fuel Oil Inventories
Continue Decline
Further
sharp inroads
supply of gasoline
mounted to
were
the East Coast during the initial
on
a
new
record
a
new
record
high of nearly 107,000,000 barunfinished and aviation gasoline for the nation
ished,
mounted to
Monday, March 16, 1942
Receipts and Expenditures
Through the courtesy of the Secretary of the Treasury we are enabled to: place before our readers today the
"
,
made into the dwindling
££
~
and the eight months of the fiscal,
details of Government receipts and disbursements for February, 1942 and 1941,
+
high of nearly 107,000,000 bar¬
rels, the mid-week
Institute disclosed.
+
Jul* i to-Feb: 28"-
(For footnotes see page 1107]
report of the American Petroleum
Holdings of light and heavy fuel oil
the East Coast also
again lower.
~
The total holdings of gasoline along the Atlantic Sea¬
board, where the submarine menace has cut down tanker
movements, were off 519,000 barrels during the week
on
1942
7, dropping to 18,408,000 barrels.
The total
was
off more than 940,000 barrels from the figure re¬
ported for the comparable 1941 period.
Stocks of light
fuel oil, used mainly in home heating, were off to 7,741,000 barrels, against 8,397,000 a week earlier and 10,809,000 barrels a year ago.
Heavy fuel stocks dropped to
6,976,000 barrels from 7,376,000 for the final week of
February and 8,472,000 barrels in 1941.
Total holdings of finished, unfinished and aviation
gasoline for the country as a whole were up 1,033,000
barrels to a new top of 106,668,000 barrels, against 105,635,000 a week earlier and 96,075,000 barrels a year ago.
Refinery operations, held down because of accumulat¬
ing stocks at southwestern refinery points which can¬
not be moved because of the coastwise shipping situa¬
7
week
average
were
of
run
barrels.
off
crude
:
Receipts—
.
•-
>
from the
r
'
••
,
•-'.,'
;
.
.282,'505,926
340,034,726
78,539
27,284,479
.„V«....
:.0... j i..
Deduct—Net appropriation to Federal old-age and survivors insurance trust
Net receipts
Expenditures'—
fund.c...
V'vv
132,337,722
6,130,204,027
628,669,828
.641,352,486
.........i.
-1
-
.......
Administration.!.
oblige
adv.
>
11)
Other
809
120,515
100,446
970,638
11,661,917
127,244,783
60,723,322
849,396
175.484,133
5.941,038
17,789,868
13,079,560
35,401,108
27.933,804
15,538.566
337,289,567
55,269,084
34,837,632
293,599,694
5,832,571
4,441,841
8,687,996
118,845,981
14,615,624
5,314,248
620,060,565
296.400
130.530,672
----
—
.....
—........
.......
............
-
Agency—Public Buildings Administration
Authority.!.s......:
Projects Administration—
'.
Other
Interior Department
Treasury
Money
res.
r-
Defense aid (lend-lease)
Federal Security Agency.h
+
28,000,000
55,000,000
+
ot.har
.......
Selective Service (administrative expenses)
with
R.
165,000,000
+
2,000,000
+
133,000,000
11,520,000,000
+
2,000,000
+
4,000,000
—
60,000,000
—
227,000,000
+
—1,243,000,000
Shipping Administration
4.190,072,359
1.613,067,706
171.974,432
3,558, 501.364
1,227.446,643
96,588
1,688, 397,113
105, 720,182
228, 829,573
14,562,325
-
60,892.353
Other.!.—
47,000,000
+
20,000,000
IV. Transfers to trust accounts, &c.—Adjusted
service certificate fund......
retirement funds (United States
—
425,000,000
.............
18,928,813
b42,410.206
102,885,262
20,000,000
109.350,000
92,715,000
106,000,000
...
....
Surplus Marketing Administration (surplus
V.
9,360,000
Total expenditures
Excess
28,625,000
303,474.929
253.403,957
2,628,768.902
1,075 316.144
2 122,250
16.739.495,325
1,070,300
7,326,867.148
43.007,150
2.629,839,202
1,077,438,394
16,813.666.775
7,369,954,298
1,870,^92,680
533, 963,659
.11,237.961,126
3,521,173,739
1,871,862,980
public debt retirements)
(Including public debt retirements)........
expenditures
536, 085,909
11,312,132,576
3,564,260,889
1,870.792.680
—113,549,144
533, 963,659
11.237.961.126
3.521,173,739
—209,123,541
V-
Summary
Excess of expenditures
.-'—------
(excluding public debt retirements)—
(including public debt retirements)
of expenditures
(excluding public debt retirements)
.........
of expenditures (+) or receipts (—)...
+ 2,
Capita
Int.
Rate
212 696,564
45,876 ,972,769
13,419,061,631
48,961,443,536
3,122,138,295
42,967,531,038
62,380,605,166
46,089.669,333
62,380,505,166
46,089,669,333
181,446,453
2,141,858
134.43.3,127
2,095,405
046,186,246
17,516,419
18,105,047
132,337,722
96,164
628,609.828
931,545
474,254,431
632,293
132,433,886
629,601,373
475,886,725
20,000,000
beginning of month or year....
this date
3,312,050,197
—189,911,902
........
....—
109,360,000
137.897,316
106,000,000
J81,497,993
87,330,000
815,877.349
31,301,210
35,868,526
j47,188,957
636,128,226
3,909,667
7,500,000
•101,373,464
j254,654,001
—324, 193,269
2,368,925,815
60,011,579,351
public debt.........
and survivors insurance trust
reimbursements to general fund
Transfers from general
$
%
fund.
-
investments...---
Transfers from general fund
—-—
—
Mar. 31, 1917—Pre-war debt........
1,282,014,346.28
12.36
2.395
Aug. 31, 1919—HI?test war debt-.-.
26,596,701,648.01
250.18
4.196
Deo.
31. 191')—Lowest out-war d2bt.
16,026.087.087.07
129.66
3.750
Feb.
28, 1941—A year a?o-
46,089,669,333.14
60,011,579,351.27
a347.08
2.542
Transfers
b448.02
2.404
62,380,505,166.43
b465.34
2.404
10, 1910)....
—
Transfers from States (Act Jane 25, 1938)---- —
—
States.. — —
railroad
from
Oct.
Increment
Unmatured Principal d
Matured
Com¬
.
Fund
puted
Amount
and
Int.
Balance
Interest e
e
74,216,460.05
Mar. 31, 1917—Pre-war debt
1919—Highest war
1,118,109.534.76
debt
306.803.319.55
debt-...
,901,125,205.28 1.885 15,753,737.77 1.700.831.239.42
28, 1941—A year a?)
,672,834,305.28 1.879 35,662,561.48 2.950.146.807.43
Jan. 31, 1942—Last-ifionlh.,
Feb. 28, 1942—This m^rfth. 5)673,159,005.28 1.879 25,833,329.36 3,561,829,086.62
Feb.
revision,
c
Computed on Interest-bearing debt,
d Does
obligations owned by the Treasury. « Cash Is held by the Treasurer ct
of outstanding matured principal of and Interest
the United States for the payment
guaranteed obligations and Is Included In the general
fund balances.
—
-
,,
fund—Benefit payments^------
...
---
.... —. —
........... —
-----------
------------
~ —-
-
---
Special deposits (net)
1..
-
-----
301,507",632
22,071.521
30.682.759,
297.535
23.384
202,455
1,146,408
11,436.428
432,375,150
343,143,964
2,105,126,432
1,779,172,068
9,638,952
34,680.230
5.887,004
68.099,825
380.480.230
36,762,488
263,400,000
79,664,725
k5,000.000
83,624,663
27,500,000
j 18,172,616
113,000,000
10,457,525
9,947,188
650.000,000
2,658,542
kl 0,000,000
26,941.760
152,000,000
1,326,194
;
-
37,959,000
J 17,230,780
b2,494.508.
284,119,126
229,304,014
6,000,000
jlll,827,619
377,300,000
11,892,040
101,373,464
10
224,760,499'
272,504,429
309,300,841
j243,765,2$2
1,879
14,709,368
3,280,774
b42,849,723
217,203,688
1,902,750,417
172,023
...
,
2,467,057
22,909,779
1,481,194
I5.390.827i-
6,034,827
.
t;
21, 1938)...-...—....
493,359,479
a
20,901
824,828
37,178.000
-
Chargeable against Increment on gold—Melting losses, Ac
Public Works Administration revolving fu/id (Act of June
Subtotal
2.467,057
j 18,076,876
.
"
..
--
-
Withdrawals by States
Oth'er trust accounts
Other funds and accouuts—
7 511,786
,
22,302,974
,
gold dollar
^
payments
'
145,648,956
—
Surplus Marketing Administration—Redemption of commodity stamps..^--...-.
...
Unemployment trust fund—Investments
—.....
—
—
Railroad unemployment insurance account
VillioV
State accounts—Transfers to railroad unemployment Insurance account (Act June 25.
1938)
Dec. 31, 1930—Lowest post¬
—
-
Investments
%
-
-----
-
-
^
the weight of the
Expenditures—
Federal old-age and survivors Insurance trust
Investments-.-.—:
Railroad retirement account—Benefit
Rate
- - - ■-
—
Total receipts—
General
Principal
* - - - - - - ■■ -
j 14.210,612
18,625,000
9,360,000
202,169,789
18,646
707,468
-
—-
-
resulting from reduction in
Seigniorage
Dale
- - - -
account—Denosits by Railroad Retirement Board
unemployment Insurance administration fund (Act
Other funds and accounts—
Guaranteed bj the United States
-
• - •
Railroad unemployment Insurance
Other trust accounts
Obligations of Governmental Agencies
"177282,934
Administration—Sale of commodity stamps
Unemployment trust fund—Deposits by
I nterest on Investments
—
+
844.475
193,151
--
---
-----
12,490,406,606
Gold, &c.
fund—Appropriations.
Net receipts
Railroad retirement account—Interest on
c
1,252,445,480
179,494,458
Increase In the gross
Surplus Marketing
$
+
74,171,456
928,655,025
530, 889,823
■1,757,243,536
+ 611,682,279
—
-
) or decrease (—) In general fund balance.
Com¬
Amount
b Subject to
926,166
-■;<>
179,304,595
189,863
Total excess of expenditures
Trust Accounts, Increment on
puted
87,330,000
j8.625,000
9,360,000
commodity stamps)
Public debt retirements (sinking fund, Ac.)
Excess of
7,500,000
347-188,957,
3.909.667
Interest on investments..
on
16,987,644
929,570
Receipts—
Per
Revised,
10,234,946
"
Net appropriations c.
Da'e
a
b59,3'J?,850
1.293,277
"
*
unemployment Insurance administration fund transfers to unemployment
trust fund (Act Oct. 10, 1910)..... J...........—-—..........
Federal old age
Grots Public Debt
not include
2,919,801,038
8,693,867
Railroad
Less
war
12,516,021,883
584.039,868
I!
share)...—....
Railroad retirement account
361,000,000
—
(On the basis of dally Treasury statements)
31, 1942—Last month..........
Feb. 28, 1942—Thfs month..........
22.620,560
393,065
(capital stock reduction, Act June 25, 1940)..
Trust accounts, Increment on gold, Ac., excess
Comparative Public Debt Statement
Jan.
I
1, 688,226
130, 194.717
b363,707
b7J6,077
Administration
Subtotal.
Gross public debt
1
222, 168,857
7.896,609
b323.9l2
Revolving funds (net)—F'arm Credit
Federal F'arm Mortgage Corporation
Increase (+
1,603,000,000
340,317
48,423.202-
121, 558,669
19, 103.216
b8,501,971
1
2,201,081,090
Gross public debt at
Aug. 31,
2.245,231
1,688,226
20,698.615
,
2,709,000,000
&
accounts
55,581,588
367,745,896'
3,901.069,701
Fed
deposits
536.211,863
58,594,377
369,377,3c8
6.439, 859,965
United States Maritime Commission
391,000,000
+
3,271,000,000
Banks
F.
4,000,000
12,968,000,000
bal
569,156,109
5,579,735
45,260.134
461.721,706
103,000,000
+
29,197.347
403,663,262
National defense funds for the Fresident-.
III.
4,128,473
77,650,637
4,922,835
20.506,514
159.568,018
14,087,943
2.657.443
Navy Department.
War
20,040,213
7.018,887
1,098.850,600
530,611,138
431,682,664
12,824,365
27.087.744
II. National defense (a)—War Department....
:
,
55,937,151
22,522.258
418,651,724
1,000,000
+
2,176,000,000
dep.
Reserve
—
Subtotal.
1,000,000
46,000,000
circulation—
Hon-member
6,961,974
44,981,365
---------
.
Veterans' Administration
70,000,000
9,000,000
79,000,000
Treasury cash
Treasury
......L.—--------
public debt-.
Treasury Department (d):—Interest on the
Refunds of taxes and duties
Government employees'
2,347,000,000
currency
In
......
9,902,129
12,135,927
Tennessee Valley Authority
$
credit
22,709,000,000
bank
Member
13,919,031
....—......
85,287,148.
2.400.424
864,126.338.
308,036
136.057,268
592,817
14,011,667
967,605
....
72,865,043
88,571,905
50,890,449
65,642.167
25.635,203
6,539
_
'
'•"."m
-
"
—-.
and flood control
harbor work
3,536,395
'
27.299
—.....
Subtotal.
stock
Gold
(deficiency)
Railroad Retirement Board..
River and
6,359,988
102,970,516
14,274
5,867.297
4,565,032
...
.........
...
'
69.747.523
-
d—Reclamation projects
5,735,749
1,047,997
-
b96,461
*.
-
-—
4,505,494
10,263,009
456,399
Administration...........
Post Office Department
5,000,000
credit-
Bank
5,101.534
667
Total expenditures (excluding
Res.
6.000.000
4,661,542
b2,990
.......
Since
Mar. 12, 1941
Mar. 4, 1942
9,000,000
Bank
Res.
Total
18.382.449
"*"*660,142
Other.!.
commit.—
—
6,054,541-
6,041,463
7,199,269
386.575
includ-
(not
$13,000,000
Mar.
•1,449,914
Public Works Administration....;—
4,000,000
Indus,
389,947
461,223
23,281,538
3,943,097
b3,054
Federal Works Agency
2,249,000,000
b81,004,799
b50,184,168
40,940.715
Agency—Civilian Conservation Corps
........J.
National Youth Administration............a-...—-....;.
of member banks on
6,000,000
oblig._
4,478,693
18,478,258
524,555,800
j677.154.798'
585,075
United States Housing
Since
guar.
1
6,000,000
Federal Security
;
Govt.
3,805,693,409
4,568,481
37,639,190
...
Agency—Federal Housing Administration.!..
Public Works
$
S.
475,254,431
*
4.317,389
a,,
.........
—
Other...
Increase ( + ) or Decrease (—)
U.
57,822,284
4,280,947,841
51,743.127
"
Subtotal.
U. S. Govt, direct,
+
Social Security Board..
Changes in member bank reserve balances and related
items during the week and the year ended March 11,
discounted
v
;
1,010,728
Reconstruction Finance Corporation.!.....-....
ernment bonds.
Bills
,
2,223,172
3,883,129
6,392,432
4,911,487
452,223
.......
...'.
-
District of Columbia (United States share).....
be
11, 1942
43,975,533
91,856,447
518,513,394
549,150,783
rl ,637.446
Forest roads and trails
Rural Electrification
•
61,180,214
j87,105,665
1
61,427,562
96,929,862
Corporation.e f.
Federal Farm Mortgage
63.386,409
3,638,210
5,965,331
"
Federal land banks....--..;.;.--—
*
.."
5,060+70
Administration........
Farm Security
Farm Tenant Act1.
•
5,501,534,199
"
■■■;•>■'
'+'+■ :
otherwise classified)........
96,996
144,423,855
15,067.404
19,650
10,065,0i6
9,887,83?
673,690,208
W+ Farm Credit Administration.e —
approximately $3,270,000.000, an increase of $60,000,000 for the week.
The principal change in holdings of bills and secur¬
ities was a decrease of $9,000,000 in United States Gov¬
Mar.
223,445,973
;
"
937,280,817
179,304,595
Agriculture Department d—Agricultural adjustment program.s
Commodity Credit Corporation—Restoration of capital Impairment.
v'v:.
follows:
72,522,260
3,407,643
266,772,735
1,478,873
.
.
I. General—Departmental (not
Federal Loan
During the week ended March 11 member bank re¬
balances increased $133,000,000. Additions to mem¬
ber bank reserves arose from decreases of $227,000,000 in
Treasury deposits with Federal Reserve Banks and $4,000,000 in Treasury cash and increases of $4,000,000 in
gold stock and $2,000,000 in Treasury currency, offset in
part by a decrease of $55,000,000 in Reserve Bank credit
and increases of $2,000,000 in money in circulation and
$47,000,000 in nonmember deposits and other Federal
were as
86,078,645
■'
+
3,984,243
757,976,222
....
Total receipts........
serve
1942,
,:.
.
501,038
5,283,812
22,306,536
VtV
Panama Canal
to
-v
128,8*74",458
--
Seigniorage.. —...—.—I;.. u...-. _■.;
-•
Reserve Banks
reserves
.
.
'
Other ml8cellaneous».«-.i^.;.—
Work
Excess
8195,773,425
•
"
"i,409*774
Panama Canal tolls, Ac...
The Week with the Federal
estimated
.
1,207,803.156
1.930.530,066
•'
,83,183,466.
.—-
-
::
.
Other...
Public Roads Administration.....
were
•
'
-
31,630,445
4,160,702
-
*•+):'"+
Principal—foreign obllgatIons....;^^.a.i.;-....._lj_......
Interest—foreign obligations............
Federal Works
11
,,1;./
■-
Miscellaneous receipts—Proceeds of Government-owned securities:
■
March
»
2,610,150,917
646,180,246
104,842,631
■
53.474,665
K+ 5,413,929
A 56,863
71,268,832
' v.... i.
.J
Customs..
preceding week at 3,934,350 barrels.
Reserve accounts.
-
1940.41
.
2.239,868,429;
.
134,433,127
A
'
.:.
;
104,408,131 '
204.316,156
.
1181,446,453
+.,
•
Daily average production of crude oil in the United
States for the week ended March 7 was off 81,300 bar¬
rels
+:iv';
$
•
145,000 barrels with the daily
oil to stills totaling 3,530,000
*
>
1941-42 ••'
.
t:
Internal revenue—Income tax.
Miscellaneous Internal revenue.
*--vJ..
Social security taxesr-r-Employment taxes.^.'.—..^ii.A...-.i...
Tax on employers of 8 or more^i .- .-.i-—.....
Taxes upon carriers and their employees..;.:
"...i^L;..J..
Railroad unemployment insurance contributions..
'-•>
tion, were slashed 3d points to 75.4% of capacity, low¬
est figure in a long time.
Refinery operations for the
March
1941
vr::;;+.
'
General and Special Accounts
were
ended March
/
V")
1941-42 and 1940-41.
years
•
1,822
b3,3.54,272
13,560,541
1.551,494.549
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 155 ■$ Number 4055
RECEIPTS
GOVERNMENT
AND
EXPENDITURES—(Concluded)'
Preliminary Debt Statement of the
Month of February
July 1 to Feb. 28
1
'
\\
>
;
,r
,
United States Feb. 28,1942
1940-41
1941-42
Expenditures (Concluded)—
The preliminary statement of the
,
Transactions In checking accounts of governmental agencies, Ac, (net):
t
Sales and redemptlnns of obligations In market "(net):
United
of the
Guaranteed by the United States:
Commonity Credit Corporation
Federal Farm Mortgage Corporation*
Federal Housing Administration
•i ■
:
'
-
6,000
b289,458,000
1,784.000
10,000
:
b4,850,900
316,087,900
3,112,150
4,085,950
249,493,000
112,070,000
bl 12^099,000
5,412,100
-
Reeor struct Ion Finance Corporation..............
United States Housing Authority
.„v
;
55,000
125,750
64,350
258,225
—
Ptm Home Owner0' Loan Corporation
874,825
500,000
15,000,000
Electrlo Home and Farm Authority...
,,
Federal home loan banks.
,V
Federal land banks
v
Home Owners'
4
2
....
32,805 135
712,631
73 676
b823,938
b2,240 757
,)
bl
United States Housing Authority..
...
v;-Other
1)175,116 272
159,865,901
b391,311
b8,146,407
972,132 ,671
j b'2,680,763
—
56.451,228
37,372 ,366
b42,571 ,326
1,514,821,495
24% of 1951-64
24% of 1950-52
+ 135,175,276
+ 131,546,883
—264,374
+ 10,052,812
—298,826
+ 4,662,997
+ 12,391,709
J'*"' —606,805
+ 29,003,203
,+1,859,043
—7,456,801
+ 846,096
—13,711,609
—23;098,950
—1,228,200
—692,295.675
—11,607,929
—127,638,341
—822,525,820
1,252,445,480
+209,123,541
:.
.........
Unemployment trust fund.
.
.
Other trust accounts
...
_.
Other funds and accounts
...
Transactions In checking accounts of governmental agencies, &c. (het):
,
Sales and redemptions of obligations In market (net)..-
-
«...
+ 181,021,318
—930,188
—4,076,699
+ 175,724,236
+ 6,152,426
—1,510,376
+ 10,788,780
+ 5,480,272
•
Other transactions (net)....... .....
y-Xj;>"
Total.
,
+ 113,549,144
-2,926,165.
,
Treasury bonds....
•
.
£
....
502,866,000
2,843,245,900
5,177,976,650
3,098.674,556
72,436,000
1,558,389,000
*
•
Depositary bonds
,
710,837.192
<
...
120,680,174
3,825,000
2,999,771,667
Subtotal.
4
w
Series'D«-l 941
......................
SerleiE-1941..
...i.i...............
Series F-1941.
Series G-1941
200,500
—.....
2% depositary bonds
3% adjusted service bonds of 1945
157,000,000
Federal old-age and survivors Insurance trust fund (notes).
Railroad retirement account (notes)
........
Civil service retirement fund (notes).
720,000,000
424,000,000
70,000
;
...
Foreign service retirement fund (notes)..
Canal Zone retirement fund (notes)
*+:
S)
—
>
6,000,000
series B-1942, maturing Sept. 15, 1942..
series C-1942, maturing Dec. 15, 1942..
series A-1943, maturing June 15,1943..
series B-1943, maturing Dec.
series C-1943, maturing Sept.
series D-1943, maturing Mar.
series A-1944, maturing June
series B-1944, maturing Mar.
series C-1944, maturing Sept.
4% series A-1945, maturing Mar.
1%
series A-1946, maturing Mar.
500,666
"*7,000,665
300,000
12,600.000
300,000
60,000,000
34,000,000
3,050,000
1,443; 746,000
945,937,000
National Defense .Series—
4% seriesD-1944, maturing
636.488,374
18,943,666,406
7,704,415,456
399,670,000
v 7,000
644,950
4,259,214 000
3,493,395,000
A-1943, matur'g Aug. 1, *43..
242 750
543,360
3,500,006
National Service life insurance fund (notes).—.
Federal Deposit Insurance Corporation (notes)
.......
300*666
Federal Bavlngb and Loan Insurance Corporation (notes)..
Subtotal.
160,537,000
-
Total public debt receipts
3,160,612,867
Dec.
•
v
Treasury notes (tax series) cash redemptions
Treasury notes (tax scries) received for taxes..l
488,150
•
$635,064,400.00
15* 1945......—.—
■v
530.838.70G.00
560
110, 700
739.805
1,522,137
152, 030
9,382, 871
417.445.810
4,554,901,976
119,247, 350
10,016, 200
1,235, 650
1,319 650
1,374.250'
189,200.
38,250
232,400'
193,600
600
....
Subtotal.
A-194'4, maturing Jan. 1", 1944
3,668,546,461
'
.
National bank notes and Federal Reserve bank notes
'
.
.
595,358,900
Treasury bonds
9,314',500.00
343,015.500.00
8,397,621,175.00
2,001,743,000.00
Treasury bills (maturity value)
Special Issues—Bonds—
44% adjusted service bonds (Govt, life Ins. fund, series 1946)..
Special Issues—Treasury Notes—
,
Fed. old-age and survivors Insur'ce trust fund:
June 30. 1942 to 1944.
19,600;000'
70,000,000
88,200.000
5.000,000
5,000,000'
10,000,000
Railroad retirement account (notes)...*
Civil service retirement fund (notes)..........
—.....
......
4%-serles, maturing June 30, 1942 to 1946.,
3% series, maturing June 30, 1944 to 1946..
4% Foreign Service retirement fund series', ma¬
58.600,000
turing June 30, 1942 to 1946...
"17,100",660
.
202,000
124,000
4% Canal Zone retirement fund series, matur¬
ing June 30, 1942 to 1946
227,000'
166,000
turing June 30, 1942 to 1946
31,259,000 s'
June
20,000,000
2% Federal Savings and Loan Insurance Cor¬
poration series, maturing June 30, 1945....
Dec. 1, 1944 to 1946
95,090,000.Gfl
5,050,000.003,748,108,000.00
Certificates of Indebtedness—
y.
—113,035
-7-739,805
+
•—1,522,137
—12,421,477
+ 104,847,564
+ 12,349,053,631
+2,363,491,295
126,807,000
+ 107.849,000
+ 1,070,008,000
+ 758,647,000
+ 2.368,925.815
+ 212,690.564
+ 13,419,061,631
+ 3,122.138.295
+
Total—......
able for appropriation to.Federal old-age and survivors Insurance trust fund.
^/ .'j;.
(deduct),
'.:.;:
'' ;
v
V':
d Additional expenditures are included
•
In "Departmental" above;
-•
r
Additional transactions are included in revolving funds, stated separately beliw.
under "Transactions in checking
of governmental agencies, &c. (net;" above,
f Additional transactions are Included
accounts-
supplemented regular appropriations of the civil establishment,
included under general expenditures in group L above,
.
....
•
are
,
1941 from appropriations for national defense activi¬
Included in"Other" under "Federal Security Agency" in group I, above.
year
1941
appropriations
from
activities are Included under "National defense funds for the
mental." and "Panama Canal," above,
v
;
,
*
fcr
national
defense
President," "Depart¬
*v
:
classified as "Departmental."
.
Treasury bills, regular series....
transferred.
.
11,233,500.00
30,413,300.00
2,989,000.00
Treasury savings certificates
126.111.665.25
Debt Bearing No Interest)—
,
$346,681,016.00
United States notes..-
156,039,430.93
Less gold reserve
-
portion of the agricultural
.
1,080,800.00
1,731,800.00
10,7 17,650.00
538,950.00
51,029,000.00
1,828,000.00
101,775.00
;
Treasury bills, National defense series
3. 1941
adjustment program has been transferred to the
Agricultural Conservation and Adjustment Administration, pursuant to Executive!
Order 9069- functions of the Federal Loan Agency have been transferred to thej
Department of Commerce and National Housing Agency, pursuant to Executive)
Orders 9070 and 9071: and functions of the United States Housing Authority have
been transferred to the National Housiig Agency, pursuant to Executive Order
9070.
Expenditures are continued under present classifications until funds are
A
.
v
-
7,586,600.00
Ctfa. of Indebtedness, at various Interest rates.
'
Includes transactions on; account of
.
s
$3,734,530.26
36,760.00
Loftn
4% & 414% Second Liberty L'n b'ds of 1927-42
4)4 % Third Liberty Loan bonds of 19284)4% Fourth Liberty Loan bonds of 1933-38.
3)4% and 4)4% Victory notes of 1922-23-....
Treasury bonds, at various interest rates.....
Treasury notes, at various int. rates, reg. series
%
RFC Mortgage Company, Disaster Loan
Corporation,. Federal National Mortgage Association. Metals Reserve Company,
Rubber Reserve Company, Defense Plant Corporation, and Defense Supplies
Corporation.
*
v
'
p Includes transactions formerly classified under caption "Old-age reserve account."
?"
r Re uresehts cipltal impairment applicable to fiscal year 1941 but not appropriated
it
bv Congress until July
expenditures attributable to national defense, payable from funds
2)4% Postal Savings bonds
3)4%. 4%, and 44% First Liberty
last day of the month to adjust for changes in
beginning Aug. 30.-1941, in order to Include the
expenditures of the United States Miritime Commission as "National defense,"
-
Which Interest Has Ceased—
(excluding Postal Savings bonds)
amount ts revised on the
which were formerly
'
••
on
2,94l ,800,000.00
$61,894,742,720.48
bonds of 1932-47
reoemption of co u
k Excess of redemptions (deduct),"
I This
Such net amount Is reflected as net appropriations to the Federal old-age
and survivors insurance trust fund.
Matured Debt
classification which were made
•
504,000;000.00
Olddebtmatured—issued prior to April 1,1917
.'
V
appropriations enual. to-"Social Security—Employment taxes"*;
collected and deposited as proviied under Sec. 201 (a) of the Social Security Act.,
amendments of 1*939 lei's reimbursements to- the general fund- for administrative
Represents
$18,890,000.00
2,419,000,000.00
Total Interest-bearing debt outstanding
the month to adjust for changes In
30, 1941, on account of the sale and
nodity sta tips issued by the Surplus Marketing Admlnlstratlon
"- v:
"!;
V:,\ '
—282,119
j This amount is revised on the last day of
^classification which were made beginning Sept.
Includes the amount of $2,413,946.05, representing receipts from "'Social Security
taxes-r-Employment taxes!' collected prior to July 1', 1940', and which are.not avail-*
a
1, 1943
Unemployment trust fund series,, ma¬
2H% Unemployment trust fund series, ma¬
turing June 30, 1942
1,928,542" 992
—152,030
—9,382,871
+ 2,242,118,815
—...
...—
maturing Jan.
turing June 30. 1942
+2,807,101,775
+ 9,322,806,207
+105,341; 786
—35,037
Adjusted service certificate fund series,
2>4%
'
Special Issues-
fiscal
—543,350
+425,701,250
+ 109,927,800
L!
h Expenditures In flsoal year
—242,750
—119,688,700
4%
+ 22,494,000
+ 2,225,703,507
*44'-
National bank notes and Federal Reserve bank notes.
Subtotal
+ 348,612,000
—164,050
—140,000
—688,650
_.
........
...—.....
....—
+ 1,312,000
—7,000
—91,909,000
....
(taxseries)...i.rrT—"...!
VBonds.
''. Other debt Items..
In
Insurance Corporation
2%
series, maturing
Certificates.of indebtedness...-.^.....—
Treasury notes.
1 Expenditures
Federal
Deposit
4,582,277,161
Public issues—Treasury bills
are
6,500,000.00
15,400,000.00
—
3,122,138,295
13,419,061,631
Incroase (+) or decrease (—) In the gross public debt:
ties
55,000,000.00
3% National Service life Insurance fund series,
187.290,000
Excess of expenditures..
have
1,215,000.00
maturing
—
2% Government life Insurance fund series, ma¬
turing June 30, 1946
—
55,000,000'
.
Total public debt expenditures.
which
6,338,000.00
*
Postal Savings System series,
30, 1943 and 1944
2%
33,000,666
..1
Excess of receipts
ft Additional
v
5,332,000.00
4% Alaska Railroad retirement fund series, ma¬
maturing June 30, 1945 aad'1946
e
:
101,500,000.00' +
739,300,000.00
1,073*000.00
23,000
Subtotal.
-
424,000,000.00
;
.
Civil service retirement fund:
23,000'
7,30*0", 000
8,000,600
Federal Deposit Insurance Corporation (notes)
expenses.
1
-
~
Postal Savings System (notes)
——
...
30,000
.'i..
Government life insurance fund (notes)
b Excess of credits
1,328,100,000.00
fund series, maturing June 30, 1946......
ing June 30, 1945 and 1946-.
100.000
600,000
—
Foreign Service retirement fund (notes).'...—..—..——..
,c
»
1
24% Fed'l old-age and survivors Insur. trust
11,300,000
80,000,000
69.350,000
6,900,000
10,000,000
Canal Zone retirement fund (notes).
Alaska Railroad retirement rund (notes)
r
\
$964,300,000.00
fund series, maturing June 30, 1944 to 1946
726,440,700
..L
,
Treasury notes
.
■
24% Fed'l old-age and survivors Ins. trust
1,762,800
200.500
Special issues—Adjusted service certificate fund (certificates)
;
<Unemployment trust fund (certificates)......
Federal old-age and survivors Insurance tfust lund (notes).p—
'
-
3% railroad retirement account series, matur¬
Subtotal.
,
500,157,956.40
/
'
3% old-age reserve account series, maturing
724,677,900
605,900
200,500
Exchanges—Treasury notes.
„
j jgg 903 100 00
$41,276,975.00
2,807,101,775.00
113,035
734,150
Xy Postal Savings bonds
% ' Other debt items.............
,
$4,424,616,300.00
>
r
.
B-1944, maturing Jan. 1, 1944^
32,648,750
92,600,835
15,952,000
1',542,000
1,698,200
175,980
282,119
12,421,477
1,917,150'
11,775,129
15,774.986
....
Fourth Liberty bonds'... ........Z.'..i.
'
'
'
B-1943, matur'g Aug. 1, '43..2,413,494,800.00
17,286;750'
26,394, 700
90,640, 850'
35.037
.■
FlwCLiberty bonds—...........
v
27,195; 800
9,749. 425
30,9101300
....
United States savings bonds—
•,y.Adjusted service bonds.
j
,
342,800
15,848,875
757,756,552
Treasury bonds
ii
•
,
140,000
Tteasury notes.
i'.-Vi'W-f
•
.
15.1945..
15, 1916..
Tax Series—
692,510,000
——
.0Certificates of indebtedness...
:
15,1944..
15,1944..
15, 1944..
.
Expenditures—
Public Issues—Cash—Treasury bills
«
15,1943..
15,1943..
15, 1943..
'
Sept. 15, 1944
V.
342,143,300.00
232,375,200.00
629,113,400.00
420,971,500.00
279,473,800*00
65,963,700.00
415,519,000.00
515,210,400.00
283,006,000.00
718,012,200.00
502,866,000.00
4% series B-1945, maturing
"
„.
....
231,476,750.00
$19,961,800.00'
*4% series A-1942, maturing Mar. 15,1942..
830,000
1,164,000
200,000
15,000,000
3,500,000
-
' 72,'436!000.00
$44,305,312,589.08
Treasury Notes—Regular Feries—
1
2%
14%
14%
14%
1%
4%
4%
1%
1%
.25,000
.
Government life insurance fund (notes) ;.
7 393 339 250 08
i.............
.....i
-
1,177,000
210,000
.„;t .Alaska Railroad retirement fund (notes)
1Postal Savings System (notes)...
92,793,000
821,000
...
j
9,800,000
457,300,000
322,000,000
96,850,000
101,988,000
115,000,000
-**37",000
<
726,440,700
19,100,000
Special Issues— Adjusted service certificate fund (certificates)..
Unemployment trust fund (certificates)'-..
595,964,800
ji
:
477,321,580.00
343,851,772,83
Unclassified sales
724,677,900
,
106,721,153.50
Series G-1942
Total
Subtotal..
,
658.344,206.25
Series F-1942
1,611,850
595,964,800
...
J,
Series E-1942
1,762,800
Treasury bonds....
—
-
Series D-1940
6,030,425,906
Exchanges—Treasury notes.
'
$170,705,997.00
310,887,267.00
404,143,794.75
485,888,179.25
802,257,633.75
995,503,512.00
44-7,135,786.00
1,189,325,406.25
229,266,670,50
1,272,027,300.00
-
Series D-1939
667,941,456
930,500
150,300
r
^
512,877,950.00
1.013,979,700.00
1,500.592,200.00
United States Savings bonds—Series A-1935.
Series-C-1938
6:8*d,6*92",350
16,903,025,106
552,143,074
103,700
Adjusted service bonds
i
2,716,055,700.00
35,912,029,400.00
3,515,889,000
1,165,903,100
4,607,826,000
400.982,000
480,900
.*• 126,119,475
...
„
United States savings bonds (Including unclassified sales).
4
of 1956-58
Series C-1937
....
Treasury notes (tax series)...
*
1,115,368,400.00
1,023,568,350.00
1,448,747,650.00
Series B-1936
Z 600,601,000
Public issues—Cash—'Treasury bills.........
Treasury notes
:
,
724,677,900.00
24% of 1952-55
*
Public Debt Accounts
..
680,092,350.00
of 1953-55
ofl948-50 (Mar., 1941).....
of 1952-54........
24% of 1967-72.
2% or 1951-55
2% of 1949-51
Receipts—
:
1,118,051,100.00
2%
2%
24%
24%
+ 16,859,332
^
1,485,384,600.00
701,072,900.00
571,431,150.00
24% of 1954-56
+ 20,335,275
+ 51,205,954
*
918,780.600.00
1,185,841,200.00
24% of 1951-53
+417,470,750
—436,024,727
...
:
450,978,400.00
24% of 1958-83
24% Of 1960-05
2%
of 1947..
2%
of 1948-50 (Dec., 1939)
,
m
;+
981,820,550.00
1,786,129,150.00
540,8 13,550.00
.....4,
24% of 1948^
1,252,445,480
Summary
Surplus Marketing Administration.......I...J
vO
1,626.087,150.0U
2H% of 1956-59
24% of 1949-53
24% of 1945
209,123,541
2,926,165
Eicess of receipts (+) or expenditures (—):
Federal old-age and survivors Insurance trust fund
Railroad retirement account.
,
3195,990,180.00
3758.945,800.00
...
18,553,977
3,417,571,912
•
1,570,048,527
113,549,144
Excess of expenditures.
...
13,133,500;00'T
117,295,680.00
series)
...
318,826,005
Excess of receipts
'
Postal savings bonds (23d to 49th
4%
or 194+54
J..-*
1,036,692,400.00
3*4% of 1946-56
489,080,100.00
3H% of 1943-47
454,135,200.00
34% of 1946-49
'
818,027,000.00
3%
of 1951-55
755,431,000.00
34% of 1943-45....-.--^.-...^.....
1.400.528,250.00
34% of 1944-46.1,518,737,650.00
3%
of 1946-48
1,035,873,400.00
34% of 1949-52...........
491,375,100.00
24% of 1955-60
2,611,092,150.00
24% of 1945-47....................
1,214,428,950.00
24% of 1948-51
1,223,495,850.00
bl,091,904
126,800,494
j bl7,618,645
Subtotal.
Total expenditures.
349,800,000.00
15,761,000.00
Treasury bonds—4^% of 1947-52
254,484,515
70 327
b40,073,069
...
Rural Electrification Administration..
b27,647,327
b510,196
b24,805,146
.................. ..
Reconstruction Finance Corporation.n„
:
6,749,554
/
61',571
627,196,321
138,192,543
up on the basis
daily Treasury statement, is as follows:
'
b42,332,000
6,018,000
43,350
235,917,733
343,448
b6,359,687
'
Federal Housing Adinlnlstration
Home Owners' Loan Corporation ...
y.
26 675
b149,105
Export-Import Bank of Washington
■>.>''
326, 000
9,295, 000
9", 025
2,875
b33,822,349
....
public debt of the
made
as
3% Panama Canal loan of 1961..
3% Conversion bonds of 1946
3% Conversion bonds of 1947:
17,000
V I3k000
+
000
2,655
;....
Loan Corporation.....
Other transactions (net)—-Commodity Credit Corporation
«
212,000
<
1942,
28,
Public Issues—Bonds—
175*500'
2,473,850
18,190,550
b500,000
Not'guaranteed by the United States:
f'
States Feb,
$190,641,585.07
Deposits for retirement of National bank and
Federal Reserve bank notes
Old demand notes and fractional currency....
Thrift and Treasury savings stamps..—.....
163,229,933.50
2,023,952.37
3,755,309.75
359,650.780,69
Total gross debt-.—
♦
.$62,380,505,166.43
Series G Is stated at par; all others are stated at current redemption
values.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monthly Report
on
Governmental Corporations-and Credit Agencies
-Treasury Gash and Current- Liabilities
The monthly report of the
mental corporations and credit
4
Treasury,Department, showing assets and liabilities as pf Jan. 31, 1942, of govern¬
agencies,' financed wholly or in part, by the United States, was contained in the
Department's "Daily Statement" for Feb. 28, 1942.
!
" ;
As now computed, the Federal Government's proprietary interest in these agencies and corporations, as pf
Jan. 31 was $5,256,408,225, and that privately owned was $432,388,559.
(
I.
i
.
.
A
UNITED STATES, COMPILED FROM LATEST REPORTS RECEIVED BY THE
,
cash
holdings of the Government as the items
28, 1942, are set out in the following.
The
figures are taken entirely from the daily statements of
Feb.
the United States Treasury of Feb. 28.
;
TREASURY*—JAN. 31, 1942
..
CURRENT ASSETS AND LIABILITIES
*
4
GOLD
-
'
-
Gold (os.
648,699,590.8)-r4-*^^r^—;--—- ^—-^.ri^—;.w-vl22,704,485,676A2
Total................^
Real
Investments
|
Preferred
Accounts
Capital
and Other
Business
loans
United
Securities
States
Guaranteed
Receivables
Stock, i:c.
Securities
s
Bk.ofWash.
139,729,048
-
9
Corp..
Corp.
Valley Authority;..
Ten a-.
U. S.
14,603,877
Rural Elect rltlcatlon Adm.
51,995,336
3,589,952,703
740,497,080
1,257,363,069
189,520,685
27,011,270
613,704,229
481,202,962
86,675,563
919,435,368
335,003,394
2,580,058,317
86,400
10,525,093
28,662,125
107,466
745,747;373
21,369,212
6,900,775
5,190,808
286,224", 779
2,961,165
33,007,462
16,834,213
23,156,171
53,938,798
39,224,473
7,448* 101
7,178", 591
A
t,
•
711* 000
Farm Credit Admin—...
249,386.513
Federal Farm Mtge. Corp.
590,208,831
Federal Land banks.x_...
1,752,726.653
Fed. Interm. Credit banks.
238,184,697
Banks tor Cooperatives^...
111,404,676
Production credit corp'ns..
33,968, 901
1*3,980, 612
15,086
""210
27.299,425
1,804,575
31,291,652
51,301,967 169,745,277
37,017,648 35,999,621
13,380,729 30,542,215
670,784 12,115,050
Regional agrlc. credit corps
;
«
17,530,943
*
702
28, 068
-
84, 351
3,720,088
8,812,166
59,007,005
48,889, 327
11,517,317 167,019, 917
2,094, 359
39,987,658 j 1,606, 408
281, 493
113,439,613 1
.
4,770,834
1,287
5,756,872
1890^ are also secured by silver dollara In tha
'""Treasury;r<'.«• ■.>:.*PJ;i- *^'•
■
Gold In general fund:
r
RR. Admin.)
U. 8. Spruce
Total
-
■
22,635,062
Total.
Prod. Corp..
''Ves'''
•'•y-'*'•*'•,V-
*..•'*
'•
United States
630,301
1,876,971
Adm—
4,247,158
74,037,374
1,219,600
252,642
RFC Mortgage Co..
33,825
Federal Reserve banks—...—.
^
1;
.
21,280800
-x
25,212,578
•ErfaWrtrfee^1-4^^V^-Vr-v->;^
Interagency Items: m - v
Due from other govs
ernmental
i corpora¬
'
3,510,600.13.
v" ;*n •
• /'
money, .-.v.-.:—59,300,000.00'
Other deposits, x
•.-':.'.s-i:ai.V....-.;a.V''':',>>(»,35O,95O.30
*
tions or agencies—.
Postmasters; clerks of courts, disbursing offlcere; etc.......
Uncollected items, exchanges, etc.:...-....-.-.-.-—-1.v;.....
corp'ns
V 140.859,825.19
4
..
other govern-
to
•
$7,393,808.01
■
•
r
mental
States—.——.a—832,571,62
:e.;, v,, ,.;,,
Deposits-of Government offieeee—Post Offlee. Department::.!..
Board nMrustees,- Postal Havinge Sy#tem-rS% reserve,' lawful
'
agencies
m
Treasurer's check* outstanding..... .1
Feb. 24.1938;.—.—
Due
■■.-■,*■..>
To credit of.Treasurer United
400,000.00
522,879.51
.
TotaL.a—.at—— $3,866,874,231,77
of
Act
91,712,995.39
f - ... >.*.
To credit of Treasurer United States...•.1:1....
To credit of other Government officers
.Philippine treasury t
liab's.
.Secure, ree'd from the
under
63,301,219.11
-Foreign.depositaries:'
tlement of tax
RFC
748.290,804.24
2,054,117.000.00
To credit of Treasurer United States...
—
RR. loans (Transporta¬
tion Act, 1920)
Secirs. ree'd by Bur.
of Int. Rev. In set¬
273 261 50
-
Special depositaries account of sales of Government securltiej.
National and other bank depositaries:
4,661
To credit of other Government officers..'....
banks for Indus, loans.
Fed;save. & loan assns.
213,593.50
28;480,383iftO
Deposits In:
hi,594,339
1,127
.
-UnclasHitled-r-CollectIons,.etC——
"
' Cooperatives, Inc. t.;.
Treasury Department:
Advances to Fed. Res.
^
wl—1» "
—
662,973,010.69
6.345,064.36
2 678,810.00
16,329,307.50
^Federal.Reserve bank notes....... —.—.i—IV.''-'' *"
National bank notes
Associated
Valley
notes—.......i.,.
Federal Reserve notes—.
Corp.t.
Puer. Rico Recon,
' ' 1,664.00
!
-Minor coin—..,.—"
2,715.666
.
$1,969,726,554.92
,f"
Bullion—At recoinage value (oz. 1,2007).---At cost value (oz. 1,360,670,328.2)*.
1—
_
,203,665
'
-V
-A
$172,953,930.80
6,399,265.02
i-BUbsldlarycola (o». 8,O6O(1707K-..-..-«iiai.-»i^...»'..;^i'..'1" " u 142,458.17
448,365
h47 858,989
?
i-i
Gold tas above)
Panama RR. Co.t-l——
*:
..."
•Vf'W
V
-Silver—At monetary value (ae above)i<4<-J«t
Nat. Defense corp'ns. r__
•
6,399,265.92
?
GENERAL FUND
3,687,664
'
.
1,158,772.00
.11..
— .
ASSetS"—
703,071
83,703
.
.483,535,372,00
.
outstanding.^.;—fl,962,168,517.00
Silver ln general -fund........
Dept.
(Indian
loans)—
Tenn.
■
^^"$1^486,191 ;l 82.92
Treasury notes of 1890 outstanding.!
,
Inl'd Waterways
■
11.
v-Totals:81,969,726;554.92
"Stivercertificates
Interior
C
(e«rXfl40475i993,OK
'
.
•Silver dollars (oa;-373f984,389;3)z::s.vii-.^.r;.-.-4—r
Fed. Prison Indus., Inc..
;
*"
"
^SHver
-
29,579,588.79
v-$22,704,485,676,42
Silver
Disaster Loan Corp.....
Auth_
1
143,374,351.07
/
1,446,910.882
14,019
"
'
Tn working balance.".
Farm Security Admin.:'.
*
weight of
......
......
El. Home A Farm
A
'
.
Barance" of incremeftt resulting frort "reduction iu the
the gold dollar
"
U. 8. Housing Corp.-...
Other:"
-
'"
Navy JDepfr. (sale of sur
plud war supplies)
Bee. of the Trcas, (U. S
t
-
Exchange atabUlzatlonfund.—1,800,000,000.00
2,228.086,337
342,445,062
199,581,497
126,590.725.
&
War emergency corp'ns
agericles (In llqutd'n):
Treas-
notes of
ury
280,497,377
58,451
175,615
36,866
319, 266
156,039,430,93
—.r..
and $1,158,772 of Treasury notes of 1890 outstanding,
.
133,541,347
302,445,919
100,915.609
215,269,220
534,534,304
161,326
9,586,235
989,013
4,386, 665 127,432 267
r -
761,129,840
62,500
.
^ :
869, 485
!
8,411, 069
209,560,527
J388.088.470
7,786, ,711
99,574, 800
12,399,659.10
reserve—
'■'Jii Note—Reserve against 8346,681,016 of United States notes ;
&
206,067^789
.
17,687,072,727.53/
Redemption fund—-Federal Reserve notes
,
33,504,919
1,758,213,460 1173069,510 254,667,720
-
Loan
Insurance Corporation—
Federal Home Loan BanksFederal Housing Admin...
Federal Nat. Mtge.Assn.
V. 8. Housing Authority..
Savings
Federal
-
-
86.675.563
28,565,699
327,246,577
Maritime Cornea'**.
Homeowners* Loan Corp.
i,
.
<W7 99^
17.500072: 482,158,808
Federal Deposit Ins.
.
,
s
Gold
£U?8,448,636
503,006
h65 363,875
431,004
h49 235,615
14,246
14,088,205
51*223
37,146,716
7,393,015 458",086,989
52,778,300
095,435, •
455,370 ■'
^-
.
,
.
f
£17,100,405
Federal Crop tnsuc.
Public Works Admin..—
and
.
Gold certlricdteis-^Dutatfthdlnir (outside of Treasury)82,876.019,919.00;
Gold'certificate fund—Board of Governors, Federal Reserve
;
Corporations
Agencies
822,704;485,676.42
'
Liabilities—'
Government
Properly
bp U. S.
s
Reconstruction Flii." Corp.. 1,417,417,132 397,973,625
Commodity Credit Corp.—
239,534.492
Expert-Import
Due from
Estate
'
'
,
Assets
and Other
.
s
-
,
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE
SUMMARY (d) OF COMBINED STATEMENT OF ASSETS AND LIABILITIES OF
The
stood
or
-1
—*.
25,629,961.52
$305,045,145.15
'■'? Subtotal-————'- 8,387,804,758< 593,584,425
Less:. Interagency in¬
Balance today—Increment on gold (as above)
i$143,374,35V.07
Srinniorane. (silver, see note I).———
111,632,274 968,208,924 603,887,949 750,800,999 2777,782,402 3,987,417,840
616,810364.47
'
terests inol. above..
i
•—
.
.
WorklngbalancA....—.—.—.—.:———„2,801,641,371.08
3,987,417,846
—.
3,561,829,086.6 2
i—.A— 8.387,804,758 593,584,425 559,844,797 915.168,221 111,632,274968.208,924 603,887,949 750.800,999
Total
Li ibll ties and Reserves
Proprietary Interest
t
2777.782.4021
Total—
.Distribution of U. S. Interests United State"
%
by United
States t
Not
Owned by
Assets Over
Due to
f
Guaranteed by Govt. Corp'ns
United State* and Agencies
Liabilities
*
Interagency
Excess of
Guaranteed
Privately
United
Owned
Capital Stock
Surplus
{Net)
,
»'
The weight of this Item of silver bullion is computed on the basis of the average
Note 1—This Item of seUnioraie represents the difference between the cost value
and the monetary value of silver bullion revalued and held to secure the silver oertlft-'
rates Issued on account of silver
$
Reconstruction Fin. Corp.. k 1496876,659 {*361,257,916 1,159,224,032
258,741,730
Commodity Credit Corp— k704,108,298
193,155,967
Export-Import Bk. of Wash.
373,816
13,011,270
Corp..
Federal Crop Insur.
Federal Deposit Ins. Corp.
,
324,404,672
22,894,020
-
Tenn. Val.ey Authority
3,017,358,607
57,075,379
1,156,005,995
373,816
:
13,011,270
324,404,672
■v.
79,968.399
Public Works Admin
U. S.
Maritime Comm'n—
537,145,760
.
Rural Electrification Adm..
Home- Owners' Loan Corp-
.""0948
537,148,708
211,448,906
211,448,906
667270639
2,426,382,658
-
2,482,656,297
572,594,096
101,347,074
189,140,869
14,000,000
289,299,557
401,234,563
86,675,563
382,286,660
123,554,488
97,402,020
325,000,000
£572,594,096
100,000,000
£101,347,074
175,000,000
189,146,869
14,000,000
14,000.000
150,000,000
150,000,000
139,299,557
£401.234,563 a401,234,563
£247,594,096 b456.212.141
1,347,074
bl7,375,216
14,146,869
b749
.
86,675,563
a86,675.563
a382,286,660
blO,020201
120554,488
210,601,864
cl02.507.980 woo,000,000
97,402,020
200,000,000
131,714,369
100,000,000
124,741,000
•
These renorts are revised by the Treasury Department to adjust for certato
interagency Items and therefore may not agree exactly with statements Issued by.
the respective agencies.
^
124,741,000
75,034,898
21,095,769
£139,531,153
.
Federal Home Loan banks.
1,826,978
X, 826,978
115, 330,623
25, 880,711
194, 173,451
115,330,623
Federal Housing Admin....
20,468,763
Federal Nat. Mtge. Assn.-.
U. S. Housing Authority-—
Farm Credit Admin.
k). 14,980894
Federal Farm Mtge. Corp..
k968,273T20
5,411,948
89,169,953
6,799,986
220,502,215
105,003,498
273,221,271
131,714,369
187,115,296
75,034,898
21,095,769
139,531,153
59,995,162
a75,034,898
10,000,000
Production credit corp'ns...
405,742
406,742
438,011,055
86,290,751
168,190,658
126,184,983
Regional agric. credit corps.
683,052
683,052
21,952,010
21,952,010
1,000,000
a59,995,162
100,000,000
67,473,740
60,000,000
141,000,000
120,000,000
5,000,000
3.390,533
3,390,533
63,128
1,871,207
304,4.09
22,391,931
a63,128
34,069,548
197,419
63,128
1,871,207
304,499
22,391,93 L
13,077,737
1,406,849
1,406,849
129,408,978
323,525,109
11,256,595
323,525,109
2,782,153
1,003,510
24,103.642
866,565,868
34,849,025
2,809,380
54,607,052
7,343,729
31,714,369
Banks tor Cooperatives
corp'ns
emergency
321,0-92",068
57,545,694
1,789,092,339
256,132,304
2,300,553
982.943
22,007
29,090,286
395, 003,151
220, 502,215
1,346, 910,882
1,790, 075,282
256, 154,311
31, 390,839
100,000,000
225,164,661
59,995,162
£100,000,000
212,846,394
.
5,550,645
86,290,751
162,640,613
126,184,983
*
U. S.Spruce Prod. Corp.
Other: Disaster Loan fSorp—
-
44,178
13,981,902
614,651
Fed. Prison Indus., Inc..
Dept.
(Indian
175,030
175,000
153,241
13,977,737
115,427,076
0:
El. Home & Farm Autji.Farm Security Admin——
316,317,577
bl0,028,386
b29,068,279
29,068.279
145,372,654
26,290,751
21,640,613
6,184,983
16,952,010
.
614,651
1,000510
Nat. Defense corp'ns. r—
94,336,552
2.470,719
Panama RR. Co.t—
Puer. Rica Reoon Adm.
772,229,316
338,661
..
27984",051
RFC Mortgage Co..
h Also includes
175,000
100,000
204,409
850,000
cl,608,069
556:849
a323.525.109
i.'—.iv';:'
11,256,595
a4,113,380
a2,782,153
24.103,642
31,819,025
12,000,000
30,000,000
12,103,642
4.849.025
772,220,316
54,607,052
7.000,000
a7,343.729
47,607,052
b2,844,834
7,343.729
25,512,295
293,317
25,000,000
1,000
27,546,311
21,283,800
44,178bl,7I0
92,634.449
;
25,212,^78
Advances have been made In the amount of $386,387,565, as
.
31, 1942. against loan contract commitments amounting to $509,888,700,
Housing Authority has also agreed
loan
contract
commitments
•.
Fed. savs. & loan assus.
ree'd
Secure,
of
bf
the
Treasury,
which are
a25,212,578
m
to
other
mental
r
-
1,957,000
1,957,000
on account
a
1,957,000
caption:
r
1,9*78,691.984
•1978691,984
bl978691,984
237,602,105
237,602,105
a237,602,105
237,602,105
•
237,602,105
237,602,105
5,731,091,392 4,248,826,573 3,532.676,840 13,512,594,805 6,143,537.784
—
■
432,388
5,711,149,225 5,113,384*380
597.764,845 n454.741.000
in
of obligations held by the Treasury
■
.
t
15,731.091,392 4.248.826.573
3,532.676,840
454,741,000
9.979.917.965 5.688.796.784
454,741,000
453,741,000
1,000.000
"Due to Government corporations, and
4,659,643,380
596.764,845
454,741.009
•
,
In these-agencies
Company. Defense Plan*
Corporation «.
corporations and
.
Figures as of Jan. 31, 1942, are not
"
and liabilities of the
previously held by the Federal Government.
.......
■
Federal Land banks of Louisville,
Ky.. and Houston, Texas, which have retired the
n
•
agencies—Treasury."-
and paid-in surplus of "Government
Figures shown are as of Dec. 31, 1941,
Includes the assets
;
,
and Included as liabilities, under the
Includes Metals Reserve Company, Rubber Reserve
Includes capital stock
•
surplus Items,
.
•
available,
x
3,532,676,84®
\
and* pahLUvsurplus of the* correa
-
agencies.
or
terests incl. above
Total
agencies are not' Included In this statement.
holdings of capital stock, and paid-in
olng Corporation and Defense Supplies Corporation and Defense Homes
...
interagency
j'::
Department and
Exclusive of the amount of the Government's financial Interest
a60,158
60,158
1,978,691,984
Subtotal
Less:
:
Farm Mortgage
-
Includes cash In trust funds.
govern¬
corp'ns
^
q
60,158
.
corpora¬
agencies
*4 ;
p
*
tions or agencies.
Due
Represents Interagency
which are not deducted from tbe capital stock
Interagency Items: m
Due from other gov¬
ernmental
Tennessee Valley
liabilities:
Represents interagency assets and liabilities* of the Treasury
spondingorganizations.
from the
RFC Act Feb.24,1938
.
bonds and notes held by the Secretary
Interagency
'r'\
Corporation, $319,000,000.
of Government agencies, which
Secure, ree'd
;
as
being flpanced. by
;
000: Commodity Credit Corporation, $193,000,000, and Federal
56,542,199
542,295
292.317
Rev. In set¬
Int.
shown
-
"
Bur.
tlement of tax Uab's.
$251,617,100 now
Authority, $56,772,500: U. S. Housing Authority, $273,000,000; RFC, $1,134,742,.
KB. loans (Tranapertatlon Act, 1920).——
to
securities Issued by local housing authorities.
n
.27,546311
amounting
to disburse $185,832,500 on additional
k Excluded are the-following amounts in
•27,546,311
21,283,800
25,542,295
293,317
As of Jan. 31, 1942, the United States
The
7,143,215
2,782,153
;
$761,505,800.
of Jan.
c32,198,341
-..'KV #
Res.
bks. for Indus, loans.
:
associations, $36,105,610: shares of Federal
J A|so excludes contract commitments.
Treasury Department:
<,
•
-
Housing Authority had entered into definite contracts calling for maximum advances
24,000,000
21,283,800
59,526,250
:
,
"
•
deposits with the RFC and accrued Interest thereon.
I Shares of State building and loan
of
*25,212,578
56,542,199
Tenn. V y. Asso.Coop., Inc t
Advances to Fed.
sale.
Adjusted for Interagency items and Items In transit.
£
of
— ——.....
Inl'd Waterways Corp-t.
:
funds,
savings and loan associations. $136,963,000.
Interior
loans)..
Excludes unexpended balances of appropriated
f Also Includes real estate and other property held far
•
1U. S. Housing Corp..
•
Deficit (deduct),
e
&
plus war supplies) - -.
f Bee. of the Treaa. (U. S.
RR. Admin.)
4
;c
273,221,271
agencies (In llciuld'n):
r
'
(or 1 Deludes non-stock proprietary Interests),
b Excess interagency assets (deduct).
:
105,003.498
11,095,769
138,531,153
Navy Dept. (sale of sur¬
,,
Nonstock
•
a3,390,533
Federal Land banks.x.
Fed. Interm. Credit banks.
War
$6,638,549,719.49.
was
t Includes accrued Interest,
:
Corporation..;
,
•
Note 2—Tha amount to the credit of disbursing officers and certain agencies today
Federal Savings & Loan In¬
surance
acquired under the Silver Purchase Act of 1934 and
under the President's proclamation dated Aug. 9, 1934.
56,062*764
382,286,660
123,554,488
a
$3,866,874,231.77
——
cost per ounce at the elose of the month of December, 1041.
Interests
Stales
v
——
capital stock and paid-in sucplu*
..
•
r
'*
•••»
'
*
.
' *'%".•
.
Volume 155
■
.
i
t.
'-v.-
{Number 4055
The Capital Flotations In the United States Daring the Month of
Febiuary
and for the Two Months of the Calendar Year 1942
:
The month of February,. 1942,
January, 1939, when only $16,312,332
jio month
closely
approached
■n
when $111,520,250 emissions were reported.
this
total compares with
and
year
compared with $83,957,576 reported in January;
This Feb¬
1941.
On Feb.
Of the
effect
than 74%, was for new cap¬
ital
purposes,
and
$46,549,770 in February, 1941,
month of
with
compared
$10,386,300 in January,
for
month since the
market
conditions
caused
in the revision downward by one company, the
Distillers Corp., of
$15,000,000.
declines
for
in
bond
were
and
poor
may
that
month
the aggregate
include
dealer
Edison
companies
financing
was
stock and $10,000,000 bonds.
stock
of
Union
Missouri (all owned by The North
of
sum
approximately
February
during
mon;
be
Electric
for
scheduled
owing
the
off
run
in
as
two
to
yield
than
month
the
sold at
was
last at 0.266%.
In
one
*
,
other
a
fo| .each
higher
the first
average
issue of
i
!
were
the tabulation which follows
of the Treasury's financing
the exchanges with the help of pools and
The mod¬
of these
price determined
a
in
on a
quick
'f '1
y.
sold during
furnish
we
operations'
In the tabulations which follow
so
outline;
far this year:
outline
we
February^
an
the.-treas¬
the year:
vVy
STATES TREASURY
Date
Amount
Dated
Offered
FINANCING DURING
71 days
91 days
Price
Accepted
%
2— Jan.
S
days
91
days
•
150 ,230,000
1,013,839.300
1,074,029,3u8
99.940
'*0.304%
99.970
♦0.119%
150 ,330,000
371,501,000
9 M years
rYield
150 047,000
351,600.000
384,694,000
351,585,000
91
99.950
150 074,000
1,013 ,839,300
99.942
i) 1
4,865,000
1,074 029,30$
4 865,000
ioo
2 years
237,750,525
237 750,525
100
Jan. 1-31. Jan.
a
largely
a
un¬
total
January
30— Feb.
4
91
days
6.. Feb.
11
91
days
13.. Feb.
18
91
25
91
13- Feb.
1-28 Feb.
25 13 1-3 yrs
1 10-12 yrs
Feb.
1-28 June
1
1-28 Jan.
1
estates
the
of
sources
investment
and
recently
on
chief
The
secondary distributions have been
insiders,
whole
we
the
by
has
British
the
710,837,192
1,512,334,200
710,837,192
cor¬
3,825,000
126,119,475
3,825,000
100
126,119,475
100
companies,
Government,
For
several years past
have noted these secondary distributions separately
issue
list
also
we
secondary
the
our
"special
distributions
99.993
150,445,000
2%
b
Total 2
months.
which
tabulations.
offerings"
took
place
as
In this
as
the
on a
bank discount basis,
a
12-year maturity,
Comprised of three separate series, of
a
are
sold
on
a
discount basis, at 74, and
yield 2.53%; and series G have a 12-year maturity, are sold at J0O, and bear .2 H
Interest,
well
during
Average rate
whicn series E have 10-year maturity, are sold on a discount basis at 75, and yield
2.90%; series F have
b Comprised at
two separate
Issues, designated Treasury notes of
series A-1943 and tax series B-1943; series A earn about
about
1.92%
a year
we
present
a
0.48%.
tabulation of figures since Jan¬
1940, showing the different monthly amounts of
corporate financing
as
revised to date.
Ty pe of
Dated
:
Total Amount
Security
-
Further revisions
New
Accepted
Refunding
Am*'-
Indebtedness
S
■
time to time, particularly as additional private financ¬
comply with the
ing
provisions of the Public Utility Holding Company Act.
is brought to
light in annual
places.
-
.
|
reports
and
other
71-day Treas. bills..
150.230,000
100,433,000
•V
14—
f
21..
28..
130,047,000
150,330,000
150,074,000
100,207,000
150,330,000
Jan.
91-day Treas. bills..
91-day Treas. bills..
91-day Treas. bills..
Jan.
The sale of this stock by The North Amer¬
7—
Jan.
Jan.
ing firms.
figures will undoubtedly be necessary from
15..
2% Treas. bonds...!
1—
U. S. Savings bonds.
1—
Depositary bonds...
1—
Tax anticlp'n notes..
total
January
4..
Feb. 18Feb. 25„
Feb. 25-
1942
New Capital
*1940
214% Treas. bonds..
New
:
S
January....
New Capital
U. S. Savings bonds.
$
$
324,316,342
273.561,870
201,922,025
46,004,059
115,287,655
31,527,491
137,994,832
211,341,581
103,799.050
173,464,550
257,345,640
135,326,541
613,687,420
799,800,237
113,001,268
453,135,463
39,469,665
63,874,177
90,466,785
...........
April, i.iw-v---------.-------'May.....—i.
June
107,180,735
197,102,123
59,175,210
192,497.442
89,787,130
84,280,300
101.476,480
227,012,100
146.650,400
113,390,374
260,976,300
203,857,159
158,733,668
>
9,771,328
193,810.627
417,673,232
611,483,859
378,254,222
536,987,890
Six months
379,923,444
1,031,360,652
1,411,284,096
271,734,936
831,389.685
1,103,124,621
43,569,170
327,402,743
34,264,713
86,468,380
74,427,157
130,037,550
401.829,900
49,833,450
67,038,134
195,656,013
68,006,465
242,447,950
112,893,538
65,594,785
292,281,400
180,831,672
161,391,300
Third quarter..
405,236,626
322,286,837
727,523,463
185,778,049
420,936,273
606,714,322
Nine months...
785,160,070
1,353,647,489
2,138.807,559
457,512,985
1,252,325.958
1,709,838,943
103,261,200
200,311,420
47,728,100
August
!
September
133.601,250
150,012,000
150,445,000
1,512,334,200
710,837,192
3,825,000
126,119,475
2,353.115.867
5,884,879,000
months.
600,598,000
2,115,481.300
3,769,397,700
.v.
*
■
,
November
89,427,250
Issued
,
Retired
$
1942
January—
%
Net Issued
$
Cer t Ificates
78,100,000
Notes...--.——
63,197,000
38,850,000
20,842,000
141,297,000
59,692,000
i
January total
February—
39,250.000
42,355.000
81,605,000
"
157,000,000
3,537,000
Certificates
Notes.;.
5,000,000
28,730,000
152,000,000
x25,193,000
59,465,696
52,054,554
131,811,350
111,520,250
168,943,139
62,198,558
345,346,770
93,942,646
334,579,682
Fourth quarter.
252,154,146
191,488,874
443,643,020
278,869.797
773,869,098
1,052,738,895
February total
160,537,000
33,730.000
126,807,000
301,834,000
93,422,000
20S.412.000
393,074,870
262,885,785
December.......
396,778,240
*
Comprises sales of special series certificates and notes; certificates sold to Ad¬
justed Service Certificates Fund and Unemployed Trust Fund, and notes to Federal
Old Age and 8urvivors Insurance Trust Account, Civil Service Retirement
1,037,314,216
Twelve months
1,545,136,363
2,582.450,579
i a o.j&tjtsz
z.uzo.iao.uot)
Revised.
Fund,
Postal
Savings
System,
Government
Treasury Financing In February
major
financing
operation
undertaken
money
by
the
Treasury last month was the offering of about $1,500,000,000 21/4%
Treasury bonds.
The offering attracted
subscriptions of $4,696,698,550, or about three times the
amount
sought, and
It
the
was
Life
Insurance
Fund,
National Service Life Insurance Fund, Federal Deposit Insurance Corporation, and
Federal Savings & Loan Insurance Corporation.
The
Fund,
Foreign Service Retirement Fund, Canal Zo ie Retirement Fund, Alaska Railroad,
Retirement
*
.<
INTRA-GOVERNMENT FINANCING
Total 2 months
97,050,220
42,384,100
October...
:
m m
111,247,808
Second quarter.
July
Total 2
ml
—
,953,713,867
251,672,652
174,067,430
271,387,665
46,549,770
86,634,370
W
1,416,281,833
710,837,192
3,825,000
126,119,475
Tax
566,136,731
52,928,677
•
1-
150,012,000
150,445,000
1,512,334,200
Februar y
186,112,817
74,109,375
March
35,469,718
S
1-
'I
150,092,000
150,049,000
150,049.000
1..
Jan.
Refunding
$
Refunding
'*>>>"
170,032,190
...:—-
February........
First quarter
Capital
Feb.
June
Total
Refunding
1,514,883,300
150,092.000
91-day Treas. bills..
Feb. 11-
1941 AND 1940
y-r
1,074,029,308
4,865,000
237,750,525
2,931,165,133
...........
91-day Treas. bills..
91-day Treas. bills..
91-day Treas. bills..
49,797,000
49,840,000
150,074,000
237,750,525
Jan.
.Jan.
Feb.
SUMMARY OP CORPORATE FIGURES BY MONTHS; 1942.
%
1,013,839,300
1,013,839,300
1,074,029,308
4,865,000
June
,
tax
and series B,
USE OF FUNDS
Below
a
*0.220%
*0.250%
*0.263%
99.933
*0.266%
3" i:
100
2 H%
99.937
150,049,000
Februar y total
month.
uary,
99.994
offered its stocks at smaller
and have excluded them from
sale
4,696,698,550
2 years
salesmanship.
*
a
150,012,000
12 years
Feb.
342,087,000
385,802.000
days
Feb.
Feb.
150,092,000
Jan.
undertaken to
b
!; V
410,057,000
399,966,000
days
20- Feb.
of the 1941
being
*
.2%
I
2,931,165,133
Jan.
Feb.
syndicate comprising 141 investment bank¬
was
«
i* ,'
<ji -
Feb.
which
stock transaction under the Securities Act, was to
Col
*0.196%
*0.231%
100
12 years
Jan. 1-31. Juue
194gg>
Amount
,
Applied for
Feb.
nationwide
ican
the
ury's financing activities during the first two motfthsr of
10-12 yrs.
effected
of many
market
at
I'.
Jan. 1-31. Jan.
free
to.
addition, $126,119,475 tax anticipation notes, and<
12.. Jan.
is
amounted
yield of 0.220% and the
average
$3,825,000 depositary bonds
In
on
was
preceding;
an
Jan.
distribution
maturities
during the month
Jan.
supplemented
unsettled
Read & Co. at the head of
weeks
tightening effect
a
9— Jan.
they practiced.
pur¬
a week* .Dur¬
are
of
were
$150,000,000
the
have
16— Jan.
23.. Jan.
commonly
refunding
to
issue sold
Jan.
stocks
..—,
for
This fact did not seem
Jan.
exchange
enactment
Increased emphasis has been placed
porate
This huge offering, the largest com-
managed by Dillon,
to
Jan.
stock offered in
of
Co.
American Co.) for
$70,000,000,
postponed
was
market conditions.
•
Secondary distributions
Before
h
<
were
approximately $200,000,000 each;
the-counter
The only other large issue
the
cer¬
still favored for blocks of stocks
spreads than domestic sellers.
common
for.
secondary
an owner
;
».
amounted to about
molested market and made possible by aggressive over-
the successful
public offering of all the outstanding 2,695,000
of
arid
the
sale, effected at
and
mentioned.
shares
volume.
tvj
the $25,000,000 Commonwealth Edison issue already
The
are
poses
Exchange Act of 1934, distributions of
secondary
ern
Pipe Line Co., consisting of $15,000,000 preferred
was
This
However, the "special offerings" rule
exchanges, obtained from
and
on
aspects.
disposal of $25,000,000 of securities by Panhandle East¬
ern
its floor.
on
the Stock Exchange under
the manipulative devices that
comprised the bulk of that class of financing.
A feature of the month's
on
of
directly
of the total
The February figures
insurance
on
organization.
blocks
$25,000,000 bonds of Commonwealth
Co., sold largely to
traded
undoubtedly accounted for at least part of
UNITED
Securities
represented by private financing,
being $5,800,000.
issue of
an
greater,
than the issuer and distributed off the exchanges by a
be undertaken.
In January only 3%
was
an aggre¬
is
decline• in sales
offerings of comparatively large blocks of
as
stock listed
that recent
000, or close to 45% of the total financing, and com¬
prised five issues.
whichever
prohibiting the payment, of .compensation
defined
Issues sold privately in February aggregated $33,245,-
for
securities
involving large amounts.
prices had eliminated much of the
refunding in prospect, which still
the
distributions which
financing from $27,500,000 to
issues
$25,000,
has not excluded the "Dusk-Dawn"
sales, or
Schenley
As the month closed it was felt that
new
of
some
tain conditions.
This latter issue will be included in our
March tabulation.
prospects
new
of
inducing purchases
which postponed contemplated issues and resulted
news
value
month
the
ing the month about $100,000,000 bills were: permitted
iryto
accordance with the plan from the rules of the Com-
adverse ; military
by
{
w
j
plan for "special offerings'.' of blocks of
new
,mission
February would have been larger except for unfavor¬
able
.
plan, which has the approval of the Securities Exchange
Commission, will exempt distributions carried out in
Corporate financing for
1939.
>4/
the
except for
were,
And the fewer days in
record.
on
All of last month's bill sales
which the Exchange believes may improve the market
the exception of
any
'<>
f
.
v
'
-
the New York Stock Exchange
put
market
gate
The refunding total for February
$18,900,500 is the smallest of
a
16
-
February has followed the trend of the financ¬
July and September.
jH
stocks, involving at least 1,000 shares having
January
In this respect the
ing of the past seven months with
of
in
$87,185,826
\\' r's 4\H
r
$170,032,190 in January of
$273,561,870 in February,
or more
'
<
Special Offerings
'
total, $55,208,875,
f
''i
,
However, last month's sales
January, the largest
low of $24,003,498 was reached.-
a
The portion representing new financing was $29,921,747,
December
in
except
January.
$119,523,451 in January, the smallest. since Sep¬
tember, 1939, when
In,
recorded.
was
from
month since
of last year was the small February total -of
$74,109,375
ruary
Municipal financing dropped to $40,948,781 last month"
produced the smallest
volume1 of corporate capital issues for any
first
a
total of $1,512,334,200 was allotted.
long-term
offering
of
1942
for
new
purposes;
long-term
in
character
January the only financing
was
carried
out
on
an
of
a
exchange
basis for obligations of the Treasury and two Govern¬
ment
The
agencies.
Savings Bond program slowed up somewhat in
In the
we
comprehensive tables
compare
with
years
those
*
on
Net retired.
I
.
the following pages
the February and the two months' figures
for
the
corresponding periods in the four
preceding, thus affording
a
five-year comparison.
Along with the fulh-pag^ tables, we give complete de¬
February, sales of these obligations dropping to $710,-
tails of the capital
837,192 from the record high of $1,074,029,308 sold in
every
issue of
any
flotations
during February, including
kind brought out in that month.
V
Monday, March 16, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
1110
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*$275,000 Central West Utility Co. (of Kansas) 1st mtge. sinking
fund 3 H% bonds series A, due Jan. 2, 1957.
Purpose,
refunding.
Sold privately to an insurance company.
Details of New Capital Flotations
During February, 1S42
LONG-TERM
BONDS AND NOTES
(ISSUES
MATURING LATER
THAN FIVE YEARS)
RAILROADS
$3,750,000 Chicago A North Western Ry. 2H% equipment trust
certificates
(second equipment trust of 1942). due serially
1943-1952.
Purpose, purchase of new equipment.
Priced
yield from 0.85% to 2.80%, according to maturity.
Of¬
fered by The First Boston Corp.: Harriman Ripley & Co.,
inc.; F, S. Moseley & Co.* and l&dder, Peabody A Co.
to
*25,000,000 Commonwealth Edison Co. 1st mtge. 35-year 3% bonds,
due 1977.
Purpose, provide additional funds for -expansion.
Sold privately to Equitable Life Assurance Society of the
United States; Metropolitan Life Insurance Co.; Prudential
Insurance Co. of America; Mutual Life Insurance Co. of
New York; Northwestern Mutual Life Insurance Co.; John
Hancock Mutual Life Insurance Co.; Sun Life Assurance Co.
of Canada; Penn Mutual Life Insurance Co.; Mutual Benefit
Life Insurance Co.; Massachusetts Life Insurance Co.; Aetna
Life Insurance Co.; New England "Mutual Life Insurance
Co.; Connecticut General life Insurance Co.., and Provident
Mutual Life Insurance Co. of Philadelphia.
*$1,000,000 Central New York Power Corp. 2%% gen. mtge. bonds,
due 1965.
Purpose, refunding.
Price, $97.90 and interest.
Sold privately to Metropolitan Life Insurance Co.
n
Southern Utilities Co. 4 H % sinking fund, deben¬
Dec. 1, 1966.
Purpose, refunding.
Price, 100
and interest. Offered by W. C. Langley & Co.; Halsey,
Stuart & Co., Inc.; Bonbright & Co.; The First Boston
tures
j...
&
Payson & Co., and
»»970,000(WK.,»
porate purposesf
,,
to Northwestern
,
Quail & Co.
Cg J°Price. 102.,78 and interest.
Mutual Life Insurance Co.
'XrTco^
Sold privately
$32,245,000
GTHER
INDUSTRIAL AND
$1,500,000 Cornell-DubUier
•
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due
jCfitp^Blyth^s-CoTTPBOri Stone-& -Webster and Blodget, Inc.;
Goldman, Sachs & Co.; Hemphill,
Co • W. fe. Button & Co.; Central Republic Co.
Bacon', Whipple & Co.; The Milwaukee Co.; H. M.
Allyn & Co., Inc.;
C
(i2£ );
*
;
■5,000,000 Iowa
PUBLIC UTILITIES
A
Novfs
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MANUFACTURING
Electric Corp.
STo/n4andt5Srydro£naddlS Dillon & Co.,
by Eastman,
inn
-4' Kidder,
nnrt
intprpRt
Peabody & Co.J
Offered
McDonaM^oolidge &; ^Merrill
Volume 1 $5
'
THE COMMERCIAL & FINANCIAL, CHRONICLE
Number 4055
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$82,500 Foundation Co.
15,000 shares of common stock (par $1).
Purpose, pay outstanding RFC loan.
Price, f 5.£0 per share.
Offered to stockholders; ur.subscribed portion underwritten
by individuals all out one of whom are officers and directors
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3,000,000 Liquid Carbonic Co. 30,000 shares of 4H% cum. preferred
stock, series A (par $100).
Purpose, pay promissory note
($700,000); gene "a I fuids ($2,300,000).
Price, $102 50 per
>
share.
Offered by Laird, fcissell & Meeds; Spencer, Trask
& Co.; Merrill Lynch, Pierce, F'enner & Beane; E. H. Rollins
& Sons, Inc.; ) lair, Tonner & Co.; Farwell, Chapman &
Co.; Laurence M. Marks & Co., and Smith, Barney & Co.
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$4,192,500
$15,000,000 Panhandle Eastern Pipe Line Co. 150,000 shares of 5.60%
cum.
preferred stock (par $100).
Furpcse, acquisition of
securities
of
proprietary
companies;
construction
work.
Price, 104 and divs. ^Offered by same bankers who offered
the $10,000,000 series C 3% bonds (see above).
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735,000 Reliance Electric & Engineering Co. 7,500 shares of
$5 cum. conv. preferred stock (no par).
Purpose, working
capital.
Price, $98 and div.
Offered ty Hayden, Miller
& Co.; Hawley, 8hepard
& Co.; Otis & Co.; Maynard H,
Murch & Co;. Merrill, Turben A Co., and Curtiss, House
CS
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300,000 Pierce Butler Radiator Corp. 120,000 shares of 5% conv.
cum, preferred sloek (par $2 50),
Purpose, pay short-term
loans.
Price, *2 50 per share.
Offered to common stockholders.
Unsubscribed portion taken up by Max Kaltcr
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$421,875 Panama Coca-Cola Bottling Co. 33,750 shares of common
stock (par $1).
Purpose, increase working capital.
Trice,'
$12.50 per share.
Offered by Elder A Co.
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FARM LOAN AND GOVERNMENT AGENCY ISSUES
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% % consolidated debentures,
1942.
Purpose, to proFederal Home Loan banks for loans to
their member institutions- Price, slightly above par, to yield
0.65%.
Offered by Everett Smith, New York, financial
representative.'>
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dated. March 5,
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$26,000,000 Federal Home Loan Banks
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37.470,000 Federal
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Credit
Banks consolidated deben¬
March 2, 1942; due 814.105.CC0 (0.65%) Sept. 1.
1942; $7,700,000 (0 85%) Dec. 1, 1942, and $15,665,000
(0 90%) March 1, 1943.
■
Purpose, refunding ($26,580,000); new capital ($10,890,OCO).
Price, par.
Offered by Charles R. Lunn, fiscal agent,
.ON
.'SHCMPO'^
Intermediate
tures dated
i$?.i.©w© lor-ioieo Jo©
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1942, due Scrt. 1,
money to
new
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$63,470,000
ISSUES
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$400,000 Allied Stores Cpr
(par $100).
Price,
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4,000
shares of 5% preferred stock
Offered by Wertheim & Co.
'i-HrH
1110,558 Bon Ami Co. 2,958 shares of class B stock (no par). ;f Price,
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1,312,162 Chesapeake Corp. cf Virginia 104,813 shares of common
stock (par 15).
Trice, $12 50 per share.
Offered by Scott
A
Stringfellow; Merrill Lynch, Pierce, Fenner & Pcane;
A. G. Becker A Co., Inc.; Green, Ellis A /nderson; R. S.
Dickson A Co., Inc.; Alex. Brown A Sors; W. W. Lanahan
A Co.; Investment Corp. of Norfolk, and Merrill Lynch
& Co., Inc.
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148,750 Hartford Fire Insurance Co. 1,700 shares of capital stock
(par $10).
Price, $87.50 per share.
Offered by The First
Boston Corp,
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214,700 Mathieson Alkali Works (Inc.) 7,600 shares of common
stock (no par).
Price, $28H.
Offered by Hayden, Stone
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t45,312 Burlington Mills Corp. 2,500 shares of common stock
(par $1).
Price, $18H Per share.
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Lynch, Pierce, Fenner & Beane.
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woqic
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399,000 (J. C.) Penny Co. 6,000 shares of common stock (no par).
Price, $66^ per share.
Offered by Merrill Lynch, Pierce,
Fenner A Beane.
00
m o
*0»-l
.
1.000
1
qeq
1
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oco
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IW H
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„
25,000 Serrick Corp. 6,000 shares of class B stock (par $1).
$5 per share.
Offered by Rogers A Tracy, Inc. j
300,000 Stokeley Bros. & Co., Inc., 15,000 shares of 5% cum.
prior preference stock (par $20).
Price, $11.50 per share.
Offered by Stern Eros. A Boyce.
i
'
's
f86,580 Public Service Corp.
of New Jersey 740 shares of 8%
preferred stock (par $100)
by Dominiek A Dominick.
Price, $117 per share.
.
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•
^dikK^Jdd J J J.Jd
J
•ddei
www
w-
,-c;
00-^
-
Originated
i
f252,500 (Wm.) Wrlgley Jr, Co. 5,000 shares of capital stoek (no
par).
Price, $50H per share.
Offered by Smith, Barney
s\&
& Co+-j
V.*>;-'i.'-:iv"
^v." •
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i»cb
10
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Price,
;
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$3,294,562
'
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11.
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ill
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,
,
,
placed
privately,
f Indicates
Issues
sold
under
,
oa.o
issues
Indicates
|
,
*
"special offerings" on the New York Stock Exchange.
1
[
..,
,W
,
.
-."cfr-o
,
lOh-o
iq«»
'doorH
1©
looo
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oop
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Treasury Money Holdings
Ji-j
1
iO
lo
,w^o
(ifno
,0
t-H
<JMrt
The
following compilation, made
Government
statements, shows the
up
from the daily
money
the beginning of business
the Treasury at
holdings of
on
the first
day of March, 1942 and 1941, and also on the first day
of February,
1942 and January, 1942.
Holdings in U. S. Treasury Mar. 1, 1942
Feb.
$
1, 1942
$
Mar.
Jan. 1.1942
1,1941
?
S
352,921,645
673.817,635
3,296,126
297.830
371,300,592
496,4)22,863
675,972,755
3,607,210
677,308,229
Net National bank notes..
328,993,371
669,373,941
2,578,810
273,265
Net Federal Reserve notes
16,329,308
14,855,818
18,295,038
-
Net gold coin
and bullion.
Net silver coin and bullion
Net United States notes..
Net Fed. Res. bank notes.
213,594
132,184
silver.,..-
11,142,458
34,831,448
8,088,088
35,540,013
Net subsidiary
Minor coin, &c
340,975
2,416,788
816,609
10,600,288
384,534
204,108
3,563.522
7,708,236
31.542,090
20,792,762
Total cash in Treasury. 1.063 7 36,195 1,088,949,329 1,104 826.290 1,216,050,300
156,039,431
156,039,431
158,039,431
156,039,431
fund-. —
Less gold reserve
MISCELLANEOUS
*$6,000,000 Lion Oil Refining Co. 3^% 1st mtge. bonds, due Feb. 1
r
1956.
-Turpose, refunding ($2.(25.500), retire shwt-tfrm
loars and potes payable ($1 £20,000), working
capital
••v^-($'L754,500L-v.--8old privately to Equitable Life AssuranceSociety of the United Slates
:"
-• v-v<_ r ; .:
10,000,000 Panhandle Eastern -Pipe" Line Go. 1st mtge. and 1st lien
>
,
•
,
<'
"
^'V
:
.
v
;
t
,
v
•
;
■
'
3% bonds series C,. due Jan;. 1, 4962.' Purpose, refunding. ,
Price, 100.75 and interest, Offered by Glore,- Forgan &
Co.; Kidder, Peabody A Co.; The First Post on Corp.; Blair."..:
& Co., Inc.; Eastman, Dillon & Co.; Htraphill, Noycs & Co.;
Hornblower AWecks; W. E. Hut ton & Co.; Lee Hivginson
Corp.; White, Weld & Co.; Bodeil & Co.. Inc.; Hallgarten
& Co.; Harris, Hall & Co., Inc.; Baker, Weeks & Harden;
Craham, Parsons A Co.; Mitchum, Tully & Co.; G. M.-P.
Murphy & Co.; The Wisconsin Co.:
E.
W.
Dean
Witter &
$1,000,000 Fisher Brothers Co. 15-year 4% sinking fund debentures,
due Feb.
1, 1957.
Purpose, pay bank loans.
Price, 100
and interest.
Offered by Merrill Lynch, Pierce, Fenner A
;
Beane;.W. E. Button A Co.; Hawley, Shepard & Co.; Otis
A Co.; McDottald-Coolidge A Co.; Merrill, Turben A Co.;
>
Maynard H. Murch A Co.; Fahey, Clark & Co.; Curtiss,
v
House & .Co., and Ball, Coons A Co.
.
*
>
•
•
*
(Preferred stocks of
'
stocks of
at
no
a
stated
par value
their offering
OTHER
par
value are taken at par, while preferred
and all classes of
prices.)
Cash balance In Treas
,
.
.
f
932,909,898
948,786,859 1,060,010,869
„
Deposited in National and
other bank depositariesTo credit Treas. U. 8...
To credit disb. officers..
common
63.301,219
91,712,995
832,573
62,838,218
93,291,555
59,587,739
120,141
435,548
Deposits in foreign depts..
922,880
802.996
761,979
stock are computed
-
INDUSTRIAL AND MANUFACTURING
$75,000 Black-Clawson Co. 4.000 shares of common stock (no par).
Purpose, general working capital.
Price, $18.75 per share.
Offered by Field, Richards A Co.
84,199,845
815,383,000
589,237,766
40,029,476
36,992,350
1,677,813
151,154
Net cash in Treasury and
in banks.........—
:
907,698,761
Deposit in special deposi¬
tories account of sales of
2,054.117.000 1,750,346,000 1,756,351,000
Government securities
748,290,804
965,713,262
391,442,726
Deposit In Fed, Res. banks
Cash InTbUippioe Islands
stocks
Co.;
Clark &.Co.; B-. S. Dickson & Co., Inc.; Moore,
Leonard & Lynch; Maynard H. Murch & Co.; Singer, Deane
A Scribner; Pacific Co. of California; J. ,M. Dain & Co.;
Clement A. Evans & Co;, Inc., and Quail & Co.
$16,000,000
-
Deduct current liabilities.
3,866,874,232 3,231,751,532 3,815.836,231 2,543,482,428
255.702.717
193,716,098
305,045,145
281,604,725
Available cash
balance.. 3,561,829,0872,950.146,807 3.500,133.515 2,349,766,339
*
March
as,
Includes
on
1
$662,974,675 silver bullion and $6,345,064 minor coin,
indicated in statement "Stock of Money.",
^
•- -•
■,
•
1112
THE BORDEN COMPANY
:
ABOARD
President, The Equitable
Comfort
New York
A
Hendler
Manuel
South Eastern Ice-
-
Cream Division
Baltimore
\
Expansion of other activities has resulted in a con*
siderable decrease in the relative importance of the op¬
eration of the Fluid Milk Division, This continued em-;
New, York
Pioneer Ice Cream
A
.,
Lewis
Madison H.
Parkinson
Thomas I.
Milwaukee
Vice-President
li.
coordinated
of the United States
York
Lester Le Feber
Beverley R. Robinson
Division
Milbank, Tweed & Hope
New York
■■ A-A,"'
New York
.
Austin S. Igleheart
-President, General
Foods Corporation
New York
Vr>;?";•
x \;
Jones
Vice-President
Ross
Vice-President
President
New York
New York
Bobcliff V.
Harry
".",0 w;
,
;
<
Munsill
Marcus M.
•••
-
Executive Vice-President
New York
'A; New Yorka
v.v.'A.%'3;;OFFICERS
A/;^
Milbank
Albert G.
a;.''
Chairman
•,
.
.*a.
.
v.
Theodore G. Montague
Clyde E. Beardslee,
Callan,
D.
Robcliff
Charles
Fox,
V.
Vice-President
F.
Arthur W. Ramsdell, Vice-President
Harry A.
Vice-President
Ross,
Vice-President
Everett L. Noetzel,
Vice-President
Walter
Vice-President
Jones,
—
Vice-President
Vice-President
Harold W. Comfort,
Patrick
: President
-
Executive
; ■■■
William
a'"' Pi:
■
George M. Waugh, Jr.
;V
H.
Treasurer
Rebman,
or
merged with established Borden units,
eral
a
income
tax
provide that losses of
deducted only in the taxable year of
laws generally
this nature may be
,
disposal, irrespective of the year in which
actual
the
.
Company may have provided for. the loss. Substantially
all losses of this nature actually realized in 1941 have
•
a-a?
'
s
derived
.
v
George M. Waugh, Jr.
New York
profits
phasis on diversification, both productwise and geo¬
graphical, has placed the Company in a much more fav¬ ;; been previously provided Joi;. bjt the'Company.
orable position/ahd has lessened its dependence on any¬ ; / During the year 1942 your Company will be called
one particular activity.:
; upon to pay substantially larger taxes and, in anticipa¬
• ;
;
: ; ; :
tion thereof, operations are being charged currently with
Originally, sweetened condensed milk, used princia higher rate than in 1941.
a
pally as a baby food, served as the foundation for Bor¬
v
S •1 •'*. #. Su
.4
' :£,S; "7 7 /
'
den business and later fluid milk was most important.
:rrDP«rtIea^^
;
In recent years consumption of sweetened condensed
; i \ Thp Bqclget of Capital Expenditures for 1942, as apmilk has been declining, due primarily/to new;methods;
proved by the Board of Directors, is $5,899,734, which
of infant feeding, and profitable fluid milk operations
compares with the budget for
1941 of $6,426,330. In
in the larger cities have been increasingly difficult for.
May 1941 the Board of Directors gave authority to an¬
some years past.
Despite this unfavorable experience in
ticipate $2,150,000 of the above 1942 budget due to the
condensed milk and in the larger fluid milk markets,
difficulties experienced in obtaining prompt deliveries
the Company's sales and profits as a whole have not
of equipment.
only been maintained, but their trend seems upward.
Considerable progress can be-reported for the year
\
\
**,
"1
J
' ' '
•;
x '<
•
^ \
1941 in modernization of plant and distribution facili¬
Net Income and Dividends
*
I
ties. Just what effect the war will have on our large
Total Net Income for 1941 was $8,270,572.
This is
fleet rof; trucks and motor vehicles is not possible to
equivalent to 8.2% return on sales, and represents $1.88
anticipate at this time. Our manufacturing plants are
per share of capital stock outstanding.
Last year the :
in good condition, but in! many instances their equip¬
Company earned; $7,582,617, equivalent to 3.5% of sales
ment will be heavily pressed to produce the vast addi¬
and $1.72 per share.
'
'
tional quantities of dairy products; that are required.
During the year 1941, $1,500,000 was set aside in a
.Machinery,- trucks and refrigerator; cabinets for the
Special Contingency Reserve. This charge against in¬
ice cream division will be increasingly difficult to obcome, continuing the Company's conservative policy, was
:
tain, and the Company is cooperating wholeheartedly
deemed necessary, in view of disturbed economic con¬
with the priority officials in theii efforts to curtail
ditions, to provide for possible future losses which can¬
civilian and industrial uuse of r critical materials. Every
not now be foreseen or avoided.
effort will be made to repair existing equipment, even
Net Income includes all earnings from foreign opera¬
though efficiency may decline, so that our use of vital
tions (principally in Canada) converted to their U. S.
metals will be kept to a minimum. {dollar equivalent at rates of exchange prevailing during iAA:;
7 ' /'..-'v.' AA
'V- '.V >' •'
»A •'; ; : >•; A A'7'V; A..A-; .A;'
Al "■
the months in 1941 when earned, or when remittances
Total Assets
were received.
As in 1940, all exchange variations on
Total Assets at December 31, 1941 amounted to $145,remittances have been absorbed in Net Income to the
085,631 as compared with $126,319,214 at December 31,
extent not provided for by the discounting of current
1940.
f
,
foreign earnings. Remittances from foreign operations
Assets in foreign countries (principally Canada) after
in
1941
exceeded earnings in foreign countries by,'
depreciation and exclusive of Current Assets, on De¬
$13,607.
cember 31, 1941 amounted to $5,605,841 as compared
Dividends aggregating $1.40 per share were paid in
with $5,753,715 on December 31, 1940. These assets are
1941 as follows: 30c each on March 3, June 2 and Sep¬
included at parities of the foreign currencies which
tember 2, and 50c on December 20. This was the same
generally reflect their U. S. dollar value at the time
total rate as was paid in 1940. The dividend in Decern-}
when such assets were acquired or constructed. ' This
ber 1941 was the 127th in the series of continuous pay¬
represents 7.6% of the Total Assets, other than Current
ments which have been made to stockholders during
Assets, on December 31, 1941. No substantial additions
every year for the past 43 years.
(other than necessary current replacements) were made
during 1941 to plants in foreign countries. The value of
Net Working Capital
assets in the Far East, including the entire investment
At the close of the year Current Assets amounted to
in our plant in Shanghai for drying and freezing eggs,
$71,595,776 and Current Liabilities were $20,902,424, re¬
has been written off and is not included ih the fore¬
sulting in Net Working Capital of $50,693,352. The ratio J
going figure..
4 "..'.jof Current Assets with which to pay Current Liabilities |
Capital Stock '
was therefore $3.43 to $1.00. - This compares with a ratio A
There was no change in either the total authorized or
of $3.63 to $1.00 at December 31, 1940 when Net Working
outstanding shares of Capital Stock at the end of the
Capital was $40,042,147.
year, and except for the; $12,000,000 of 2% notes, the
During the year 1941, in order to provide additional
capital structure continues > without • any outstanding
working capital, your Board of Directors considered it a
Executive Vice¬
Theodore G. Montague
income; taxes for 1^41, wasj less- thari jit might otherwise
have been/as it comprehends the effect of expenditures
charged against reserves previously created and the
effect of substantial losses from the disposal of proper¬
ties unessential to the Company's operations. The Fed¬
•
being satisfactorily reflected in sales
Life Assurance Society
New
y
are now
ones
from operations other than fluid
milk.
In addition, the Company has • been following aj
policy of judicious acquisition of "desirable; businesses
where their activities can be efficiently and profitably
the Board
of
Chairman
Harold W.
older
and
Milbank
G.
Albert
*
-
REPORT—1941
—EIGHTY-FOURTH: ANNUAL
r-
DIRECTORS
OF
Companies)
(and
Secretary
George Bittner, Assistant Treasurer
*
Kieser, Vice-President
Harold K. Kramer, Asst. Treasurer]
Theodore D. Waioel, Assistant Secretary
-
;r
..
.
•<
,
'
,
>.'r—1
*
•
350
EXECUTIVE
OFFICES
Madison Avenue,
\ TRANSFER
New
York City
AND DIVIDEND DISBURSING AGENT
The, Chase National Bank of the City of New York
11
Broad
Street, New
A
York City
.
COUNSEL
Milbank,. Tweed & Hope
15 Broad Street, New York City
*
:
■
15
,
REGISTERED OFFICE
Exchange Place, Jersey City, N. J.
REGISTRAR
;
Bankers
Trust
Company
16 Wall Street, New
York City
AUDITORS
Haskins &
22
40th
East
Street,
Sells
New York City
To Stockholders and Employees
,
,
The
attack upon the United States at Pearl Harbor
in December imposed upon all of us, stockholders and
employees alike, new responsibilities, new and greater
obligations.
The formal declaration of war was the
spontaneous expression of a united and determined
people. As adherents to the cause of representative de¬
mocracy,
must
now
faith.
individual freedom, and free enterprise,
by our actions give concrete evidence of
we
;
We must be
our
ready and willing to make great sacri¬
fices and give freely of our time, our energies, and our
to
our decision.
These reSbuirces are
industrial plant and skilled workers
any other nation. These are being trans¬
formed from peace-time activities to the production of
war material.
The job is prodigious, but America sur¬
prised the world in 1918 and will do so again,
y
Your Company's part in this transition is not a spec¬
tacular one, but it is vital. We do not make airplanes,
bombs, guns or other implements of war, but we are
playing our part by bringing vital food products to both
resources
support
and
unequalled by
enormous,
our
the armed forces and their civilian allies.
We
are
advisable
ing substitute materials to carry on an essential industry.
are finding ways to
conserve rubber, paper, scrap
metal, gasoline and many other items, and at the same
time greatly increase our production of needed foods
unmindful
not
of
the
future.
-
"
'
The need for additional funds was
Company
for
The.
-
energetically
em¬
ployed its facilities to produce evaporated milk, pow- *
dered
milk, cheese and other products to meet the
re¬
quirements of governmental agencies.
Continued diversification of products has had constant
attention in recent years. The results of the addition of
new
products and the more intensive promotion "of the
the
fulfillment
program.
of
our
,
.
* Government's
'
i
;
-
! i
Lend-Lease
:
"last-in, first-out basis" of inventory
• -
a
*
valuation,
power
conditions,
increased
purchasing
of the public generally and the efforts of a re¬
sourceful
in a splendid year for
organization resulted
the Ice Cream Division from the standpoint
of sales.
In
in territories
include a substantial amount
securities. Defense Bonds
purchased to the limit allowed by the U. S. Treas¬
Department and holdings of Canadian Government
are about 30%
greater than last year. Mar¬
ketable Securities at December 31, 1941 are shown in
the balance sheet at their market value of $4,489,075,
ury
securities
Taxes
sales and
was
Income
tax
■
for 1941 (including Social Se¬
$1,698,250) amounted to $8,593,518 or
share. Due to the small margin of profit on
the low rate of return on invested capital, no
provision
In
Taxes of every nature
curity
$1.95
Taxes
per
of
required for excess profits taxes.1
rates in the United States and Canada
have materially
increased.
established operations and also
merged /with
existing
va '.;;;
aI:/
a'
plant
'.a:
a
Fluid Milk Division
$16,802 less than their cost.
■
.a'.ay- i.
already served where the new businesses
systems.
were
;.*.a
,i'
and distribution
:;"
The impact of a war economy in 1942 will undoubt¬
edly have some unfavorable effect on the Ice Cream
Division, a Replacements of equipment will be difficult,
and rationing of some materials is inevitable—sugar
already being on this basis. However, as ice cream is a
necessary
dairy food with increasing year-round de¬
mand, it will undoubtedly receive its proper recognition
from priority and allocation authorities.
were
of United States Government
which is
7a av'v
lit;
acquisitions made during the year
in territories adjacent to
valuation.
Securities
extraordinary expenditures for capital
a.a v i;a ;'>a-;-;.There were several
items.
extended during 1941 to several other
products.
If this further change from "average cost
basis" to "last-in, first-out basis" had not been made in
1941, the Company's Net Income for that year would
have been about $410,000 greater.
Your Company will
continue to follow a conservative policy of inventory
Marketable
ing increase in earnings.; Due to the capacity and excel¬
lent condition of our ice cream manufacturing and dis¬
tribution facilities the additional sales volume was han¬
dled without any
adopted for several important products during the years
1939 and 1940 as explained in the annual reports for
those years, was
has
weather
Favorable
only to provide for our
fact, an all time high in volume was achieved.
regular business, but also to meet the much greater re¬
Increased costs of all kinds prevented a correspond¬
quirements of our own military and naval forces and $
-Sales
The
Ice Cream Division
carry
greater quantities needed, not
not, however, a comparable increase in profits by all of
them, and earnings in the Fluid Milk Division con¬
tinued to be particularly unsatisfactory, especially in
the larger centers such as New York and Chicago.
A
The improvement in sales can be ascribed to the gen¬
eral acceleration in business activity, to increased sales
of new products, to somewhat higher prices and to our
direct participation in the defense effort. Large quanti¬
ties of dairy products were required by the Federal Gov¬
ernment for the Army and Navy and for the Lendprogram.
required principally
inventories, which aggregated $28,695,549 at
31, 1941 as compared with $17,895,422 at the ;
close of 1940, an increase of $10,800,127. This increase ;
resulted in part from higher prices, and in part from
to
December
Sales of $259,128,514 for 1941 compared with $216,795,850 for 1940. This represents an increase of 19.5%.
Most of the Divisions of the Company contributed to
this increase by better sales performance.
There was
Lease
Stock of The Borden
flexibility.
the critical days ahead.
•
the Common
•
Your
Company,
like many other representative American corporations,
is intensifying its research and extending its diversifica¬
tion, thus making available new products, new services
and new activities to help maintain employment when
the war is won, and the transition from war production
to peace-time activity begins.
■
I
The Borden organization has an enviable record dat¬
ing back many years. It has served in both peace and
war, and in presenting our 1941 report, I can say with
confidence that the entire organization will redouble its
efforts to help preserve our. nation and its economy in
to
•
for the armed forces and the Lend-Lease program.
In concentrating our efforts on the problems of today,
are
securities senior
Notes were issued in
par.-The rate of in¬
$12,000,000.
KCompany.
'• &AA-A.Vifi
:a
The 4,396,704 shares of Capital Stock outstanding Deterest was 2% with $501,000 of principal maturing annu-$
cember 31, 1941 were held by 48,635:stockholders with
ally over a ten year period with the balance due in 1951. |
I an average holding of 90 shares, which compare with
The Company reserved the right of further redemption i
in whole or part at any
time, thus affording/great A 47,396 stockholders with an average holding of 93 shares
of the stock outstanding on, December 31, 1940.
We
we
borrow
to
serial form to three institutions at
find¬
However, the provision for7
the
smaller
communities
sales
have
maintained
a
showed im¬
provement.
Progress was made in achieving greater
efficiency of operations. Because of the higher prices
satisfactory
level,
and
in
many
instances
paid to farmers, higher costs and increased wages to
employees, the selling price of milk has increased some¬
what
As
in
we
most
markets..
have often pointed out,
the operating margins
Yin the" distribution of fluid milk are so small that in-^
creased
THE COMMERCIAL & FINANCIAL CHRONICLE
" Number 4055>
Volume ! 55
payments
either
to
farmer
labor
or
synthetic resins
must of
may open
necessity be reflected in increased selling prices.
While it, has been inevitable that the price of milk
should increase,-figures published
the retail
much
as
The
other foods.
•
,
,
fants who
field. v;;
velopment of these activities, and the outlook for both
increased sales and profits is promising.
upon
A
organization have made possible the splendid ac¬
complishments which have been recorded in this report.
To
them
of
Research
!
;
,
significant
••
whether
in
not the products are derived from milk.
or
other
in
have
office
building,
effective
more
THE
*
activities
The
of the
Cheese
Division
"•
were
'
due to Government
was
that
a
for Government
Sales
of
use.
,;
Current
substan¬
and
'■
:i:•
i;
to
particularly in South America.
since
the
outbreak
Some curtailment seems
of general
substantial, have been written off against income,
in saleable condition seems doubtful.
We have been unable to communicate with our repre¬
not
as
their recovery
sentatives at
Shanghai, China, where we have operated
primarily to
England.. Consequently we do not know the extent of
damage, if any, to our property which is now in Japanese
a
plant to freeze and dry eggs for shipment
remaining invest¬
Shanghai, amounting to $320,164, has been writ¬
ten off against existing reserves, thus fully providing
against possible total loss.
hands.
of their time to control and
The book value of our entire
during
stricted
been
This
1941. Shortages of raw materials have re¬
potential business but operations have
some
generally at a high level.
adhesive
Profits
were
likewise
Compen¬
Control Laws, etc.,
J1
$1,913,-
$1,920,166.48; 1S40,
"
130.96)
less
877.76
(Cost $4,505,-,.
Reserve
_,'r
$16,802.60)
4,489,075.16
(Market Value $4,573,-
1940—at Cost
782.07)
v
4,412,912.26
—
Receivables
18,089,718.40
—
12,794,346.53-
salary advances to employees
less Reserve for Doubtful Accounts—
1941,
$2,083,189.13;
946.31
,
$1,894,-
1940,
,
Inventories—At
the
Lower
of
Cost
or
Market:
Finished Goods
Materials &
Supplies
28,695,549.53
$13,093,786.13
10,105,903.27
Current
Miscellaneous
v
17,895,422.11
7,789,518.84
-
—$
Assets
71,595,776.14 $ 55,250,494.89
less Reserves..—3,209,262.17
Assets,
(Including Mortgages,
ables, etc.)
2,908,644.44
$
Receiv¬
Other
Plant and Equipment—$122,283,570.61 $118,385,345.50
(Principally at cost, but in part at
lower valuations established by the
Property,
C?.
Company)
Less Reserve
(Based
on
,
practical
Net
for
51,165,017.82
Depreciation-—52,905,559.72
above property
valuations)
.
Trepaid
Property, Plant and Equipment_$69,378,010.89 $ 67,220,327.68
Items,
Etc
902,581.46 $
—..$
Trade-marks, Patents and Good-will-.
$
Total
939,746.89
1.00 $
•
1
1.00
$145,085,631.66 $126,319,214:90
desirable.
available
be
for
this
work.
At
the
present
time
a
LIABILITIES
Accounts
(Includ.
current
notes—1941,
Accrued
(Incl.
the
1941,
extended
to
Company's
additional
group
groups
insurance
ployees.
made
Insurance
was
carried
by
8,022
The
2,989,065.61
5.015,567.28
3,357,881.01
—$
20,902,424.51
2,820,043.88
$
15,208,347.69
Non-Current Liabilities:
Payable—2% Serial notes matur¬
Notes
annually
$501,000
ing
remainder
until
1950;
$
1951__—
in
Other
Total
Non-Current
11,499,000.00
334,716.08 $
329,744.09
Liabilities——$
11,833,716.08 $
329,744.09
$
2,545,184.78 $
1,500,000.00
2,545,184.78
*
856,677.39
6,562,873.49
3,187.319.70
6,174,697.61
-
——
em¬
1
Reserve
Contingency Reserve
of Employees'
-
Deferred
Purchase
Retirement
vice
The work of instituting this form of protection
rapid
V.'.
Taxes—Estim.)
Total Current Liabilities.—L:
plans
of employees.
Group Life Insurance, the basic coverage, affording
protection against death from any cause, reached an alltime peak of $45,023,700. More than 90% of the eligible
employees were insured under this plan, which means
that in the event of their death, their families will re¬
ceive, on the average, one year's wages, thus affording
them the time to make such adjustments as may be
necessary as a result of the loss of the wage earner.
Group Accident and Health and Accidental Death and
Dismemberment
$501,000)
Income
—;——
Other
For
During
serial
Accounts:
Taxes
Special
,
were
of
9,399,238.20
12,528,976.22 $
—
maturities
1940
1941
'
Payable.:
Contingency
Employee Insurance Benefits
_
31
December
Current Liabilities:
Reserves:
April 16, 1941 ^authorized the Company to anticipate pay¬
lent
casein and adhesives has been excel-,
1940
$ 20,147,813.99
indicated, the Com¬
has always been conscious of its obligation to its
development gives promise of greatly widening our
market.
Much work has been done on new
The demand for
1941
Governmental
with
Workmen's
Milk
1941—$15,601,763.40
gratifying.
.
During 1941, the Casein Research Laboratory per¬
fected a cold-water-proof adhesive for labeling bottles.
Casein and Adhesives
under
1941—at Market Value
products sold by the
which
they
are
during the year 1941; This form
of
coverage
provides
indemnification
against
non¬
occupational injury, sickness and accidental death.
During the last policy year $371,477 was paid out by
the insurance companies to employees and their bene¬
ficiaries under these plans. This group protection is pro¬
vided by the voluntary cooperation of the emDloyees
and the Company. The Company contributes to the cost
and assumes all expenses incident to its administration.
Hospitalization benefits through approved Associated
Hospital Plans are also enjoyed by approximately 12,000
emnloyees.
ment in
deposits
1941,
to
lating to the dairy industry and the war emergency.
hostilities in.
the Far East will make it impossible to supply some
markets.
The
Company's warehouse and consigned
stocks at the end of 1941 in the Far East war area, while
inevitable
and 1940
$ 20,321,433.05
and
Borden
including officers of the parent
company and of divisional and subsidiary operations,
are
actively engaged, some on full time, in assisting
government authorities in the solution of problems re¬
Export
Despite the chaotic conditions prevailing throughout
world, our export business was veil maintained,
'
bodies
number of Borden men,
;
the
COMPANIES
1941
December 31
_
sation
<
intensifies
other
farmer, and the customer, and to pass on to them
facts pertaining to the Company and its viewpoint.
Finally, complete understanding and cooperation with
the Government is an essential obligation as well as a
patriotic duty. Opportunities to assist in the war effort
have multiplied enormously in recent months, and all
executives of the Company have been and will continue
cheeses, such as Military Brand
Brie, Liederkranz and Borden Cocktail
"
31,
Marketable Securities:
the
•
/
the
Understanding is based on knowledge, and the Com¬
pany has in recent years materially increased its efforts
to learn and interpret the viewpoints of the employee,
production
margin.
more
laboratory
permits
importance of these relationships, has,
nevertheless, thrown them into sharper focus. Never has
a complete understanding between management and the
groups to whom it is responsible been more necessary
•
Spreads, showed gratifying improvement. ;
V
; The prospects for 1942 continue to be favorable even
though a great volume of bulk cheese is handled on a
very narrow
December
assets:
Cash
The present state of world unrest, while it has in no
and
specialty
Camembert and
SUBSIDIARY
AND
Sheet,
respect altered the Company's conception of the ethical
with the result
large tonnage of cheese was made available
very
new
and
.
purchases under the Lend-Lease
accelerated
COMPANY
Balance
MONTAGUE, President
,
contact
employees, to farmers, and to the public it serves. Over
a period of years, numerous plans have been developed
or adopted for the fulfillment of these obligations, with
the result that its relationships with these groups have
in the main been continuously cordial and mutually
satisfactory. ;
\
■
Prices paid farmers for cheese increased sub¬
stantially, and while domestic consumption appears to
have remained at about
1940 levels, these increased
greatly
organization which re¬
days ahead with an even
—1941, $90,847.53; 1940, $79,753.72)
of this
As previous annual reports have
program.
prices
establishment
products research,
pany
tially enlarged during 1941 and volume of cheese han-.
died reached a new peak. Much of this increased volume
was
entire
critical
ASSETS
Total
quality,;
it was frequently impossible to satisfy the requirements
of Borden's .regular customers and at the same time
produce the additional quantities needed for the Gov-;
ernment Lend-Lease program and for our own armed
,
and in those others
I can say to them
Canada,
Public Relations
maintained at the highest level consistent with
forces.
the
BORDEN
1940—
have
While production
products.
and
that the
face
Consolidated
attached.
•
its
will
(Includ.
the improvement of existing
particular
operating
divisions
being widened just as rapidly as availability of in¬
gredients end manufacturing equipment permit. %':*-}■ The Powdered Milk Division experienced an enor¬
for
confidence
(Includ.
head
the
will
to
is
demand
The
•
new
proved its consumer acceptance and the sales territory
mous
of
Board
'
cara-;
tests
States
No
these research
with, and
guidance from, the production and sales executives who
will later manufacture and sell the products developed.
Thus the constant search for new and profitable sales
opportunities will be stimulated, and diversification
directed
along the lines of imminent and practical
workers
laboratories to devote
Market
United
THEODORE G.
laboratories.
Located
.
=
evaporated milk, condensed
elements.
the
Submitted by Order of the Board of Directors.
during the year of a New Products Research
Laboratory in the Borden building in New York City. A
small but highly trained and experienced staff of scien¬
tists v/ill be responsible here for the development of
new
products for our sales divisions, regardless of
pound containers at both drug and grocery stores,-,
and in1 individual service-packages at soda fountains.Vitamins A, BV B2 (G), and D, as well as calcium,:
phosphorus and iron have been added to the natural
nutritive value of the product. Two servings daily pro¬
vide the consumer with his minimum requirements of
food
of
to
greater sense of responsibility.
or improvement of established products is
contemplated for this laboratory, as that is conducted
one
important
wish
appreciation
the
express
I
express, too, our pride in the 569
employees who have entered the armed forces
the
with
move
mels, etc., continued to demonstrate good performance.;;
y Among the new products introduced was Hemo, a
vitamin and mineral, fortified malted food product sold
these
I
who will follow them into the Service.
benefit.
in
,
The high morale and enthusiasm of the members of
mains
control work
:?,■
malted milk, mince meat,
milk,
subse¬
on
our
tablishment
~
milk, powdered
Sells, Certified Public Accountants. ;
in the Company's previously dis¬
cussed program of product diversification was the es¬
vide the maximum service to our customers.
as.
L
;
Startlingly radical
Established items such
presented
are
quent pages, together with the certificate of Haskins &
'
than ever, imposes
'XManufactured Products:';
if
year.
all groups in the fluid milk industry,—man¬
changes in milk delivery every¬
where may be necessitated by this war. Just what will
happen is not at this writing altogether clear, but at
least some curtailment of delivery service seems un¬
avoidable.' The Borden Company has been formulating
plans to meet the exigencies of the situation and to pro¬
relatively
small, enjoyed increased
sales, but profits were approximately the same as last
agement, labor and farmer alike. They must cooperate
in making milk available to the public at reasonable
prices commensurate with the service performed.
r*•;
;
although
Statements
Financial
Borden
The domestic and Canadian operations in the Produce
increase in wholesale business.
duty
o'clock
Directors
Produce Division
Division,
Stockholders
Financial statements for 1941
;
:
..
Every effort will be made in 1942 to further the de¬
.
of
Company, 15 Exchange Place, Jersey City,
J., and at that meeting this report for 1941 will be
presented.
'
''
■'
' •
-
.
Meeting
Meeting of "Stockholders will be held at
A.M. on April 15, 1942, at the registered
entrance into the vitamin
our
scale, to provide not only for our
own source of supply, but to take care of our increasing
sales of vitamins to other manufacturers. The Company
is not planning to enter the consumer package vitamin
-
a
was
substantial
a
many
$2,290,000.
N.
profits of this Division again* increased
substantially and several new developments were under¬
Chief of these
ac¬
office of the
The sales and
on
In
authority the Company, after careful
Annual
10
field
account of past-
on
The Annual
Special Products
taken.
of
companies
Employees Retirement Plan.
factors, made anticipatory pay¬
These payments were charged to
the Reserve created by stockholders in 1939. •
of
ments
allergic to milk protein.
are
;
•
The present war emergency, more
the
consideration
sales of the Prescription Products
Division have
increased.
New products were added during 1941, the
most important of which was Mull-Soy, a soy bean
emulsion prescribed by many physicians for those in¬
1941
price of fluid milk did not increase nearly as
many
insurance
under
service
" Prescription Products
V
by the United States
In the larger cities, principally New York and Chicago,
neither sales nor profits were satisfactory.
Gradually,
the system of home delivery is becoming more and more
expensive, due primarily to constantly increasing labor
cost.
This is causing customers to buy milk at stores
where prices are lower, resulting largely from the lower
delivery costs to the wholesale trade. Unless costs in
home delivery can be kept down they may reach a
point where continuance will be difficult. V.".
The fact that lack of profits means disappearance of
capital is demonstrated in Chicago where in 1931 our
investment (exclusive of good-will)
employed in the
Fluid Milk Division was $13,010,700. Today that invest¬
ment has shrunk to $6,170,900.Our Chicago Division sold 127,064,500 quarts of fluid
milk in 1931, but its sales were reduced to 83,299,300
quarts in 1941. The value of these fluid milk sales in
1931 was $16,946,100 and in 1941 it was $9,035,600.
V
Paralleling this shrinkage in investment and sales is
the decrease in the average number of employees in the
Chicago Fluid Milk Division from 3,489 in 1931 to 1,545
in 1941. This was due principally to the tremendous re¬
duction in home delivery and in spite of a considerable'
the
to
ments
well as substitutes for casein which
markets for these products.
cordance with this
show that during the year
of Labor
Department
as
up new
prior
Annuities—based
July
to
1,
ser¬
on
1939-^-——
Insurance ar.d Other Operating Reserves
Total
$
Reserves
11,464,73^.66 $ 11,907.202.09
Borden
Company:
par (Authorized
Stock—The
Capital
$15.00
Common
8,000,000
Issued
shares)
-
—
.._4,417,958 shares
Treasury Stock
Less
21,254 shares
4,396,704 shares
Outstanding
$ 65,950,560.00 $ 65,950,560.00
Surplus:
Capital
Surplus
—-
$ 13,563,370.62 $ 13.674.792.78
21,370,824.79
19,248,568.25
—
——-$ 34,934,195.41 $ 32,923,361.03
Surplus
Earned
———
progress
stockholders
at
their
annual
meeting
held
on
Total
Surplus
-—$145,085,631.66 $126,319,214.90
Total
Note
(1)—The
which
values
above
ultimately
sheet
balance
may
does
not
contain
any
salvage
be realized from properties, now owned
which heretofore have been written off.
and not essential to operations,
Note
1941
(2)—Net
assets
in
foreign
countries
on
December
31,
(principally in Canada) have been converted at exchange
prevailing on those dates and are included above at their U. S.
dollar equivalent
end
current
and 1940
rates
1940.
of
of $4,412,260 at the end of 1941 and $4,829,120 at the
assets in foreign countries
(also principally in
Other
aggregating $5,605,841 at the end of 1941 and $5,753,715 at
the end of 1940, have been included at parities of the foreign currencies
Canada)
which
generally
reflect
their
acquisition > or construction.
-
U.
S.
dollar
equivalent
-—L—t
at
—
the
time
..
of
THE'cOMMERCIALv&^FlNANCIALr-CHRQNl'ci^EA^^^
1114
16,1942
'"■
TZZ
*.
■
y
COMPANY:
AND
Tor the Years Ended December 31, 1941 and 1940
X;
.C,.> ":vy: ,•:!>'ZyYear Ended December 31 y;'•
-*'-
•'
:•
■y//A:
.■
sales
Net
—_„r
v.-y:.\y>,y 1940
mi
v
about
been
$410,000- greateryfptf
il94i:;iimdy:^b0ttt;ytyvy.ty>HASKlNS.::&..BELIB'iv,":^'i^*yvVi
/during, the years 1941 and 1940, or at Which-remittances
ahd is included above at the U. S. dollar equivalent yv!-.yy;*yw>sM*4y?•,?-yy-y^■>:-y\,»1.y y
itW/Vy V'; :
The Borden Company: ..-v1
y
$259,128,514.71 $216,795,850.86
_
have
We -havevmade
Cost of Sales and Expenses:
$6,194,108.58
.
-
in
187.09
1940;
in
1941
and
$6,016,-
.
wartime
yyX'y:-
:
:
Remainder
—$ 11»348,894.94 $
__
at
'y 'y.y.'-'.; y-y
Deduct:
y, "<;y.y
Other
and
Federal
'i-fyy.'v;:yx:yyy'y--:,;yy(;;::yy-v::;;y;
Taxes
Income
Year,,
y_yl .*
8,270,572,14;
/
'
evidence
*
Balance at End of Year,,.,,.,..
__$• 521,370 ,824^79 $
19.248,568.25
THE BORDEN COMPANY AND SUBSIDIARY COMPANIES * a,
-
nMfiAAfltlMAfl
47,719.64
51,231.64
properties
previously y written
off
against Capital Surplus,
and
fair
operating values ascribed to other
t
/
3,542,926.56 $
1,482,333.98
8 270,572.14 $
7.582,617.06
y
■
.
,
>
a
.
y.:
.
,n.j
ating use
O
.
,
the
A<b
.
cir-
neces/}aai« n/ll.'l
MIA
"i
U
,
control.
internal'
appropriate, jnI view of the systems of int
~.
of
accordance
Considered
we
f V\
>
V
ex-
'procedures <were>Applied. py* testsyto the extent we . deemed
.
/
,
w
consolidated
y: ■>1
balance
In our opinion, the accomparvymg ctm
December31
have
sheet
and:
yy
13
,
lerties
such properties adapted to some oper-
,
the Year—
for
Net Income
K*»
Aa]
IK/lVn
in
-
have
support
standards :applicable 'in
auditing procedures
cdmstanCes and included all
^
r: j' "; sary;y which
■-
194Q*
and
Tear Eaded
,
.._$
Total
Capital Surplus s
Balance at Beginning of Year
____$
y Proceeds from disposal of unessential^
'
.
:
and $178,055.50 in 1940):
accepted 'auditing
in
made
was
For the Years Ended December* 31, 1941
-
.
y
December
and
accounting procedures* of the companies,
1^82.617.0.6%. reviewed, the
:
yy.:;./with -generally
•
sheet;<i*
3^ ; *
balance
that, date,
! Deduct—Dividends Paid
($1.40 per share in
-
,
of -the 'consolidated
gnexamination
yy■.
Total
1,434,614.34.
3,491,694.92 $
(Estimated)
$
Maintenance expenditures on properties
i
not
essential
to
Operations
(Less
rental income of $165 227.82 in 1941
'-.I;-"'"-.-
relatedi statements pf consolidated net income, earned;
'YearEnde<yDerem^
Statement of Consolidated
;
.
9,064,951.04
■
ol
e.,V. inU
11,813,498.70 $
$
Total
yyy'.yyy'y^ WVK"*.7,>y
'•
Beginning of Year_^
Net Income lor the
8.578,530^93:
$64,603.76
Other Income (Less Charges for Interest)
Balance
NEW YORK
;
Ended
Years
contin¬
peacetime
" "^
economy;
insurance, taxes, and all
manufacturing; selling,i delivery; ad-.
ministrative -and i general expenses,
alter deducting miscellaneous oper247,779,619.77
208,217,319.93
ing income)
to
"Street1
East J40tK
of Consolidated Earned Surplus
the
For
'
'
'
.
provision of $1,500,for
gencies and» transition
'
,
in
000.00
1941
Statement
:
(Including provision lor depreciation of
,
j-T 22
y.'.yy il
$390,000-plater-' for, 1940. •,, • •
■■
- y„v yvvyeeWifiedPuWltJAbdouritantsvty
"Wi
Note (b)—~Net income from foreign
operations; (principally in Cany ):..v.;r. yr;:;, ? y.;,;
ada) has been "converted: at exchange rates' which..prevailed?!monthly'
'*
-'r:
""
/
;
would
Income
V
SUBSIDIARY., COMPANIES
Statement Of Consolidated NetIncome
v
•
/'■
.
BORDEN
^
.
-
.
V-
w
operatiohs^or
-their
*
y:;-'¥y "'y
i ir-107,128;17
the year endied that date, in conformity with geh- t *'
'j„ \ y
268,887.64
>'£
erally accepted accounting principles and practices, which, except as y.
-
-—
Net
income
share
per
stock
capital
of
outstanding at end of year
Note (a)—In 1941 and 1940,
Total
■
.
$1.88
the
extended
Company
$1.72
additional
to
products the method of costing out inventories on the last-in, firstout basis, a procedure first applied in 1939 to certain products.
If
extension of the method in 1941 and 1940 had not been made, Net
$
Deduct—Write-off
.
chased
of
durmg the
Good—UVill
year
-pur-
,indicated in footnote (a), were applied by the companies on
" ;■ "V'-'.-v •
y;
yy; y-yr-y:--1yyyyt-y'consistent with that of the preceding year. :-y :V-,y-yy^i
.y»ry^tesf^swy^^1
•*,
380,309.80 ;
315,47186 ^
*
64.64
13,943,680.42 $ 13,990,264
-
/
^
,
HASKINS
Balance
at End
of
Year
"■
•.-..y.-bi-y
■
/.
v?r/f
-r
:;.y
'w,
:'4*i.
-)'1
.,$. 13,563,370.62 '$ 13,674,792.73'
a
&
basis,
v
,
': •y-.-v^yy.'
.
SELLS
;
:y
X Neto York, February 24, 1942.
—.
%
ty
-
RAILROAD
Air
<
Reduction
Co.,
Inc.—New
PUBLIC UTILITY
-
Company
Formed
INDUSTRIAL
Consolidated
to
Income
See Continental Oil Co.
below.—V.
have
approved
the
plan
320,651
income
for
Prov.
Federal
gen. con tingincome
taxes.
Net
income
Previous
$2,353,553
Operating
Prov.
taxes
(gen'l)
889,477
226,523
_
income
Federal
1942—12 Mos.—1941
....
175,256
249,475
surplus
238,265
2,871,890
not incl.
2,859,900
90,500
and
Int.
Net
$978,328
$796,497
$8j468,737
701,978
390,570
5,061,853
$276,350
$405,927
189,224
195,178
$87,126
_—
$210,749
deducts.
other
income
Divs, on pref, stock.—
$3,406,885
$7,947,947
4,825,272
;
'
2,336,184
$1,070,701
in
Balance
Shares
stock,
income..
20.885,270
21,042.211
189,696,255 185,992,481
stock
com.
standing
(no
out-
2,616^914:';: y'
v/y-:--
:
•
182,820,004
2,214.099
2.214 099
$9.43
$9.50
$5.92
Balance
Sheet, Dec. 31
4
'
1940
Allied Chemical & Dye Corp. — Annual Report—
Corporation in its annual report to stockholders released
March
showed
11
consolidated
income
net
for
of
1941
at
and
Inventories
$21,416,566, equal to $9.67
with net income for 1940 of
H.
Mr.
from
F.
the
per share.
$20,885,270
or
This
$9.43
■
of
compares
per
share.
payment of labor, the purchase of materials, the replacement of wornout tools, the payment of taxes and the wage payment for the use
of the tools
(assets) to the owners
(stockholders).
The customers
were thus the employers of both labor and the tools.
•
The
report presented a statement of total operating receipts and
disposition thereof in the modernized short form which has been
the
adopted by a number of large corporations.
business
Total
and
the
the
was
short
for
1941
largest
form
in
for the
exceeded
that
of
the
two
history of the
years follows:
by 30%
Comparison of
previous
company.
year
1941
•v
received from
company
,Which was disposed of
Goods and
services
as
operations..______
follows:
14,541,366
33.925,742
30 263,104
13,664,169
18,117,670
18,118,993
3,298,896
2,766,277
Total
and
dividend
(assets)
receipts
addition
In
receipts
to
233,297,707
regular dividends of $6 per share,
179,972,822
the company
Total
increased
taxes
share of
121%
over
1940
and
were
equal to $13.67
per
stock.
the average
18%
S.
U.
the
that
these
net
has also undertaken a number of extensive projects at
and for the account of the Government. It is not expected
company
to
be
received
for
President's
letter
further
stated
construction
that:
and
operation
of
"There
has
been
placed
upon industry the great responsibility of providing materials necessary
for winning the war and supplying essential civilian needs.
This can
be
.
accomplished only by the maximum use of all available resources.
national industrial structure is made up of corporations, each of
a consolidation of tools of production representing-savings of
stockholders.
The most efficient and unimpeded operation of these
facilities will be required.
The managment of the company pledges its
utmost effort's towards the accomplishment of the company's share in
thisi(reutta£k.~~~
A~
Our
which is
-
reserves
reserves ■:
This
the
largest
the
New
tion
fact
it
workers in the history of the company,
handled satisfactorily speaks well for the.
of
number
that
Was
clearly
the
of
adequacy
our
,
manu¬
;Z;./"/•'• /v
>;V;
C?onstruetion—New
of
a
,
,
.
>
.
;
.
advances
etc.,
.
27.111,568
_
891.980
_
reserves.:.i:
:j.
reserves
—_.y—y..
10,745,951
-
:
_i—
175,396.581 171.695669
40,000.000
40,000;000-
y
reserves—
__—
Co-operation in War Program—The cans we manufacture require
highly specialized and accurate machinery and the company there¬
fore designs, builds and maintains its own can manufacturing equip-,
meat in several large -and well-tooled machine shops.
In an effort
to
make; these machine shop facilities, helpful to the Government,
the management has co-operated with governmental agencies in the
interest of producing certain
types of machine tool work, delivery
of which was essential, to the Government in facilitating the carry¬
ing out of primary contracts which it had made with other com¬
6,711,642
6,412.368
_
13,413,116
'2.464,854
_
10.413116
2 429 301
V 2,241.487 y 2 342:984 >
_y_—__y—yZi.
12,006,440
issued
_____
„
88.659.020
_____———_L_. y
stock
—
12 036440
101,037.235 101,037 23
_
tFurther surplus
company absorbed during the year 1941 in its machine
shops, principally as a sub-contractor, a large amount of this vitally
important type of
machine tool work.
These operations will be
continued throughout the year 1942, or as long as the war makes it
panies; -The
>
84.955.246
.Dr25,837,300Dr25,837,300
necessary.
443,797.349 416,500,283
Total
♦Represented
by
2,401,288
shares
par
no
187,189 shares in treasury carried at cost.
•§U.
S.
Government
securities
common
-
a-market
had
stock,
including;
'
:
value
af. "Dec, 31,
1941,
consisting of 150,500 shares of-,
common of the United States Steel Corp. and 270,000 shares of. capital
stock of the Air Reduction Co., Inc., listed in the New York Stock
Exchange, had a market value at Dec. 31, 1941, of $17,921,688. Treasury
stock (187,189 shares) carried at cost.
of
$12,043,356.
tFurther
Marketable
surplus
subsidiary
securities
of $67,037,175 earned surplus accrued to
organization and $21,621,845 accrued to its
prior to the company's organization.—V. 155,
consists
since
company
-
its
companies,
538.
The directors on March
the
made
on
Dec.
20,
—V.
155,
18.
June
1940,
p.
declared
5
a
dividend of 25 cents per share;
value, payable April 8 to'holders of
with distributions of 50 cents each
30. Sept. 30 and Dec, 22. 1941. and on Sept. 30 and •
and 25 cents each on March 30 and June 29, 1940.
stock,
common
March
This
no
par
compares
our
from
4
Dec.
27,
last.—V.
155,
p.
the regular quarterly dividend
stock, payable March 31 to holders
25 cents per share was paid on
declared
advantageous
The
Results
Report—Maurice J. Sul¬
of
Op»»ritions-7-Consolidated income for 1941 before deduc¬
income snd excess profits taxes was $37,545,831, or
$13,204,925 mpre than the corresponding item in 1940. ^After pro¬
vision lor the" taxeS rioted and for "dividends on the preferred stock,
of
Federal
is iproviding
facilities
enable
to
it to ^produce'
Navy.
Torpedoes wmild appear to be far afield
products in the container business, but the effi-,
the American Can Co. in precision machine tool work will
the
in
manufacture
of
these
torpedoes.
Ammunition
Container Corp. is manufacturing fibre shell con¬
These containers are larger and heavier than we normally
produce im our fibre container operations.
The experience of the ;
Can company in the manufacture of smaller fibre containers! makes.V
it possible for us to undertake the manufacture of fibre shell con¬
tainers and render an important service to the Government. .
:
.*
tainers,
Operations
in
being
the
of
1941.
newlv
two
and
assets
formed corporations we^e not signifi-;
liabilities nnplisable to those corpora¬
Operations—Government
issued
of
use
the
The
separately grouped in the consolidated balance sheet.
Future
of
as
tin
this
that
regulations
of
From
borne
in
deemed
increase
business
for
the
1942.
standpoint
mind
that
essential
in
in
the
bv
a
of
future, operations,
of
we
pra
r°lled
unon
to
portion
Government.
essential
increased ounntities of direct and
lo
in
process
produce,
of
of
on
&c~1
the
however, it should be*
normal nroducts is
our
There
fond
degree
regulations
anv
\
;
substantial
the
packs
are
is written will curtail very materially,
various products and reduce our volume
report
plate
accordingly.
It Is impossible at this time, with
to estimate the effect of the Government
volume
livan, President, states:
tion
Corp.
the
normal
curscv,
359.
American Can Co.—Annual
for
our
ciency of
Agricultural Chemical Co.—Regular Div.—
The directors on March
of 30 cents per share on the capital
of record March
16.
An extra of
„
..-The Amertorp
torpedoes
tions are
American
.
tee for
operating management.
The cost of providing,
buildings and the equipment and the entire operating cost: under
contracts, will be paid by the Government.
cant
911.
.
Zf:
-
reasonable
the
prove
Co.—25-Cent Common Dividend
4
In
addition
to
the- above
described activity,
two
wholly owned
subsidiary companies have been organieed, known as the Amertorp
Corp. and the Ammunition Container Corp.
These companies will
operate under contracts from the Government on a cost-plus-a-fixedfee - basi-.; which
guards
against
financial
risk
and
provides
a:
.
will have any important effect on the company's total
income.
The
>
*
,
fixed-fees
projects
accrued-..-.—
AUis-Qialmers Mfg.
stated that plant construction included substantially
capacities for basic products required by the war program.
company's net sales during the year 1941 totaled $263,an
all-time high sales record.
This com¬
1940 of $197,515,224, equal to an increase of
unusual increase in business required the employment
established
and
construction in 1941 included the erecfactory, which will be completed in the early part of 1942,
at St.
Lbuis, Mo.; also additions to factories at Tampa, Fla., and;
Houston, Texas; and new warehouses at Portland, Ore.; San Diego,
Cal., and Fairport, N. Y.
*
j
t
21,305,943 ; 21,305,943
443,797,349 416,500,283
j__
contract
obsolescence,
contingencies
Insurance
Sundry
record
the request
y:
etc..._____
wages
Investments and securities
on
The
_
higher
Atherton
<
with net sales in
,
Government
contingency reserve.
Mr.
^
,
organization and demonstrates
facturing. facilities.
y.-v\ •. •
1,927,557: .1,387,850
payable and
Depreciation,
Because of the uncertainties confronting all industry the company
provided out of 1941 income an addition of $3,000,000 to the general
increased
18,337,951
25,643,486
...
accrued
Taxes
p.
wage rates at end of 1941 were on
than in -1940 and 48% higher than in 1929.
and
______
Accounts
the
'Hourly
or-
^
paid
special dividend of $2 per share.
a
of
15,276 512
14,328.374*
24,778,942
■
(Used by labor to produce operating receipts)
Interest
33.6%.
11,642,461
15,276.513
Liabilities—
9,860,343
41,442,030
i
48,550.238
11,648.906
&U
•
Treasury
Wages and salaries paid to labor
,
52,797,374
JJJ
cosrt
receivable
goodwill,
processes,
Total
101,637,298
125,634,641
Replacement of worn-out tools (depr. and depl.)
and contingencies
Wage payment for tools
at
Capital surplus
$
177.206,545
229,998,811
-yy
purchased from others......
pares
y_^Iy__
^Common stock
1940
$
The
Patents,
General
the
32,682,984
Deferred charges
pointed o-ut that the receipts derived
company's goods to its customers provided the
the
■
notes
890,628
^37,114,267
less
or
'
Athertbn, President,
sale
cost
§ Marketable securities at cost...
Accounts
$11,916,359,
with
Bonds—Company's $10,000,000 issue of debenture bonds,
the First National Bank, New York, has been modified by
extending the date of maturity from Feb. 1, 1949, to Feb. 1. 1951,
and by reducing the interest rate from 2%% - to 2%.
This was ac¬
complished ;by the execution
of
a
supplemental
indenture
dated
March 4, 1941.
259,745^53 246,546,979
S. Government securities
SU.
same ba&is as in
respectively.' ,'.
:.;
by
Sales—The
Investments
the
on
^
-
Property account
155, p. 1007.
was
Debenture
held
—
—V.
1941
in
.
y
-
'
of
1941 aH questions relating to Federal •in-"
come taxes
for the years 1934 to 1936. inclusive, were settled.
The
statute of limitations also is operative as to
those years.
Accord¬
' ingly, an amount of $1,227,000, heretofore carried in the reserve for
contingencies, pending a
final determination
of the tax liability
for those years,
being no longer required, has been transferred to
surplus.
~
1
•
Assets—
increase
Contiugencies—During
■■■,*After provision for depreciation, obsolescence, repairs and renewals,
all State and local and capital stock taxes,
tlnclud. excess profits tax.
$780,537
depreciation
of common stock.
This. compares
share of common stock in,. 1940.
$4.82 per
,
sbare
per
;"y
2,214,099
art
Taxes—In
'
181,704,683
$9.67
Consolidated
for
annual report for 1940 the management directed atten¬
tion to the upward trend in required expenditures for taxes.
Taxes
for 1941 showed a large increase over those paid by the company in
1940.
Taxes of all kinds in 1941 amounted to $25,473,472, or $10.30
13,111.024
2,214,099
pari...
share
per
-
$13,213,937,
in -1941. totaled
compared-with* 1940,*
as
Provision
1940, the4 amounts being $7,522,679 and $7,145,413,
4,513:310
1941
Balance
"•
Crl,497,512 Crl.497,512 Crl,684,701 Crl,123;134
surplus
$3,122,675
2,342,138
1
Capital' expenditures
:
207,409,047 203,705,273 202,746,895 194 989,27719,210,304
19,210,304
21,611,592
14,407,728
'
^
^
- *
• - "
'
—.
treasury
on
Earned
;'»; Gross income
345,252
25,555,521 •-15,727,939
t8,633~572
21,416,566
dividends.....
Divs.
1,024,542
90,500
1,371,669
554,021
profits
depreciation,.
^
185,992,481 182,820,004 181,704,683 181,878,?53
—
Common
$2,099,969 $26,774,525 $22,724,759
10,705,964
y 572,485
8,154,898
226,966
2,802,243
2,646,972
9,750
excess
for
Prov.
I£_
expenses
for
Federal
352,706
3,000,000
t23,848,160
._
surplus
Total
1942—Month—1941
„
1,373,121v
•'
y
After paying dividends on the preferred stock and $4 per share
common-stock, .the balance or $6,063,508 was iran.si erred to
$2;840,988«
Total
Co.—Earnings—
revenue
1,698,056 "/I
2,442,175
the
on
23,504.759 ;,?14 009,5667
155.
y; yyy;
Period End. Jan. 31—
Gross
29,518,842
_______
'
Alabama Power
324,102
48,264,723
income
remaining net income for 1941 .was equivalent to $6.45 per share
stock, as compared with $5.88 per share in the preceding
common
year.
of
will be delisted from that Exchange.—V.
present common stock
358.
Interest
26,752,565
of
' '•y"yi938v'';"'-
$
44.965,827
2,978,245
"Gross income::
reorganization which
was briefly outlined in V.
154, p. 304.
Jy.:-':.
J. H. Nuffer, President, said application is being made to the New
York Stock Exchange for listing of the new common stock, while the
p.
■t"-' 1939
MISCELLANEOUS
-
the
Calendar Years c
$
154, p. 1628.
Dividend income
stockholders
for
1940
'
Air-Way Electric Appliance Corp.—Plan Approved—
The
Account
1941
Develop Synthetics—
INSURANCE
-
are
products
indications
for
war
of
an-
purposes,'
indirect Government business whi"h
and
•>
diversion
packages'made of black iron and fibre not
on
of
the
manv
restricted
list.
.
Volume 155
'.-■
V
Net
•
k
Consolidated
f
Calendar
for
•
Years
" 1938
and
receivable,
interest
etc.
'
.
•
-
.
.
472,510
719,851
454,633
______
590,017
"Under
would
'
Total
earnings—$47,462,110 $32,642,834 $31,458,664 $23,699,123 T
•
7,522,679
:7,145,413
6,673,595
6,085,142
Res. for Federal taxes—
18,700,000
t6,900,000
4,100,000
2,950,000
Foreign exchange adjust.
1,019,721
'
Interest and exchange.
397,934
350,354
271,016
584,483
Purchase of employee's
■■'V XX-X-Xv.V\ 'y.x^:Xx^:Depreciation
.
—
past
annuities
1,083,163
—
.Plant retirements, etc..
Adjustments applicable'
t Addition
to
reserve—
%
*
593,364
I--..
.
.
434,000
———
.
'
■
Common
(7^)— :
dividends
2,883,331
2,886,331
9,895,992
9,895,992
$6,063,508
54,914,556
(par $25)
share———
per
"Includes
•
deferred
'
in
profits taxes,
.
$6.22
to
applicable
and
bills
prior
Balance
Sheet,
31
Dec.
excess
Subs.)
(Fncl.
Plants, real estate, etc
identified
contracts
(contra)
U.
S.
Government
U
and
bills
113,126,648
22,694,457
receivable
1,113,730
1,244,791
1,899,380
64,144,312
1,697,156
49,206,833
226,840,986
198,432,985
.
________________________
7%
Reserve
($25
for
Federal
,10-year
41,233,300
tax
S.
U.
Government
.
Surplus
—
Total
—V.
Premium
The
directors
have
stock,
common
During
•stock:
1941,
Jan.
cents.—-V.
t
;
declared
payable
the
and
1
198,432,985
1,
50
cents
record
share
per
March
25
on
17.
'
XX'XX:.XXX
■
made
v 7.
f;
A
and
Sept.
30,
'■ XX:^X.X.X:.:: Jv;''.V:
American
Distilling
A
dividend
cumulative
of
''.!
.:
.
Co.—Preferred
25
^X-XX^^XX.'XX'X
of
cents
preferred
per
stock,
share
has
$10,
par
on
50
declared
been
the
on
stock
the
on
:
.-.March
; -
stock,
both
payable
April
l
to
154,
during
1697.
p.
five
1941
were
1
of
20* cents
per
record
1942
1941
1940
1939
1938
61,144,000
61,225,000
51,071,000
51,144,000
28____
61,282,000
50,865,000
50,321,787
42,500,995
36,264,380
34,246,960
7—__
70,890,000
61,800,000
52,115,000
45,846,000
45,493,000
45,301,000
45,149,000
39,654,000
40,054,000
41,135,000
40,430,000
1,608,707
1,524,394
1,387,170
1,335,620
2,815,409
1,328,031
1,104,639
1,037,475
:
<
Mar.
The
the
vV
sy-
2,600
1,800
400
412,745
215,571
1,534,702
1,328,973
V.
5,798,233
4,888,214
:<v
-
28,311,783
2,437,389
513,704
4,547,079
$5.55
Co.,
Cigar
&
$85,856
Co.
Tobacco
as
the
American
with
Tobacco
its
after
them,
by
income
the
1939
for
of
such subsidiaries applicable
including
Co.,
Tobacco
the
to
the
share has been declared on the commoh
for
income
investment
American Stove Co.—Stockholders Solicit Proxies— K
'
smaller
A
officers
to
holders
of
soliciting
this
removal
and
members,
are
of
by-law
proposed in
a
restrictions
letter mailed
stock¬
by
a
three-man shareholders' committee
annual meeting to be held Mareh 24.
The
composed of Charles B. Alcott of Orlando, Fla., Edward
Jr., a present director, and Clifford S. Dangler, both of
..
Butler,
.
recommends
The -committee
seven-member
by-law
which can
directorate
"
.
:
•
results
Leaf
sentative
and
the
ol
"at
least
outside
three
who
members
new
shareholders'
interests."
would
Arthur
be
on
Robert K.
two additional persons be nominated by the share¬
proxies."
Following persons are recommended by the committee to be elected
•as
directors; Joel M. Bowlby
(alternateI, President of Eagle Picher
■Lead Co., Cincinnati; Edward T. Butler, Jr., a present director ateo
nominated by the management; Robert K. Clark
(if nominated by
others),
present director and Senior Vice-President, nominated by
management; Earl E. Finlev, resident manager of the Cleveland office
of Jackson & Curtis; Edwin C. Fritz
(alternate), employed in sales
poses that one or
holders' committee
.capacity
official
National
by
of
Central
Solvents
Bank of
National
Cleveland;
Corp.,
Cleveland;
Loring
Robert
L.
W.
Geiback,
Hammer¬
also nominated hy, management; Frank G. James,
advertising firm of Sweenev & James, Cleveland; and
stein, present director
partner
Arthur
in
Stoekstrom
(if
nominated
by
others)
President, nominated by management.—V. 154, p.
present
110Q,
director
•
and
investments
American Telenb^ne A
stock
was
O-—Phrnies Gain—
15,410,878
(during February. 1942,
The pain for the previous month was 189,500,
for February, 1941, 118.600.
The
net (Tin for two months this year totals 216,500 as against
247 800 for the same period in 1941.
At the end of Fehmery. this ye«r, there were about 19,057,900 tele¬
Common
stock
Common
stock
6%
or
2,211,588
•
.
t
!
'•
riJi
'!rr?
•"'»■>■ '
.
■..
:
1,
1938, when $1.50 was
amounted
to
$21
per
share.
30o
wage
cents for men,
on
March
2
representing a raise of about 6%.
by
the
Rubber
The strike
Workers Federal Labor Union.
Utility Service Corp. reports that for the week ended
6 net electric output of the Associated Gas & Electric group
119,540,360'units (kwh.).
This is an increase of 13,083,423 units,
12.3%
above production of 106,456,937 units a year ago.—V. 155;
Atlantic
loos.
.
.
etc.___54,039,430
Atchison, Topeka & Santa Fe Ry,—Carloadings—
1,784,378
1,783,304
54,099,430
carloadings week ending March 7, 1942, were 20,929,
18.023 same week 1941.
Received from connections,
7,199 same week 1941. Total cars moved, 29.698,
compared with 25.222 same week 1941.
Santa Fe handled total of
29,106 cars preceding week this year.—V. 155, p. 1008.
Santa Fe System
with
compared
8.769, compared with
349,439,777 297,619,166
Notes
52,699,700
40,242,400
40,242,400
78,354,600
—
—______—____
78,354,525
—
____——_________
common
interest
28,699,000
for
:
company
income
advertising,
_________
to affiliated
taxes,
790,495
cos.__
31.3,834
tributing
455,034
etc.__—____
25,059,992
12,742,774
•
210.308
62.1(N?,610
61,202,372
14,583,476
ment
349.439.777
depreciation
of
jtT>>e
owned
$13,908,41-8 in
1941
and
297.619.166
$14,008,637
in
,
1940.
notes receivable.
American
domestic
Tobacco
Co.'s
auhsidiaries
ci8,447,ina.
.'i
$7,388,138,
;' •
-
■
In
1941
—
Annual
Report—Victor
Emanuel,
war
all-out
finds
corporation
production
of
war
and
associated
materials
and
companies
con¬
geared-through
December,
14,583,476
stock—Dr
Total'
•After
Corp.
expanding plant facilities for a substantially increased output during
the coming year.
The importance of our group of companies, already leading factors
in the aviation and shipbuilding industries, was greatly enhanced in
1941, when Vultee Aircraft, Inc., acquired a large invest¬
Consolidated Aircraft Corp., bringing into close association
largest producers of airplanes for the fighting forces of
the United Nations.
The major products of our group of companies,are military and
naval
aircraft, airplane engines, propellers and parts,
and naval
vessels.
These companies performed an outstanding defense job last
two
tlncludes
at
America
386,319
4,587,866
—207,210
—
§Treasury
Aviation
President, in his remarks to stockholders states:
6,899
2,816,349
•
:
16,000,000
—167,339
pavable
Amounts owing bv
to
14,891,000
bank—Current.——
75.294.000
_______12,000,000
Scrip and conv. div. ctfs. not yet presented—
6,824
Preferred- dividend declared—
790.^95
pavable to
Accounts
1 will vote on a proposal to retire 252.638,
shares of common
831,250
Not current
Accrued
Retire Treasury Stock—
stock held in the treasury, reducing the outstanding
2,470,409 shares.—V. 155, p. 735.
102,650
831,250
12,977,000
—
debentures
Atlas Corp,—To
The stockholders on April
95,650
bonds
Serial
52,699,700
—
B____
bonds
4%
was.
"*
1942,
23.789,499
'
—-
2,
March
v P-
—
'
phones in the Bell System.—V.1.55, p. .911, .7.
Jan.
on
Associated Gas & Electric Co.—Weekly Output—
was
2,315,201
1941, the first, since Jan.
Mass.,
called
The
a
and
the
This
on
("Eoston News Bureau.")—V. 155, p. 498.
5,173,967
______
Provision
gain of about 106.909 telephones in service in the prin¬
cipal telephone subsidiaries of this company included in the Bell Svstem
There
was
4,517,705
SurDlus
*
share
Liabilities—
Preferred
'
12%
and five
423,592
——
per
striking employees of this company in South
on
March 5 voted to accept the management's
increase and return to work.
strikers, members of two AFL unions, originally
demanded
raise, but agreed to a four-cent-an-hour increase for women
The
1,810,005
2,332,472
Total
..
Deferred
>
goodwill,
trademarks,
Brands,
Dividend—
cents
Armstrong Cork Co.—Workers End Strike—
a
24,201,999
1,
Arrearages
Approximately
.
———
______
5
to holders of record March 24.
155, p. 498.
t464,976
Prepaid expenses and deferred charges____„_—
Amounts owing to company by affiliated co.—
Accounts rec. from wholly owned foreign subs.
;
paid.
1940
___547,799
stockholders' action
———;
of partly owned domestic and
wholly owned foreign subsidiaries
——
Other
and on Oct.
also
1,377,492
of
dividend of
a
& Co. of Illinois—Accumulated Dividend—
last,
12,942,650
settlement
declared
with 10 cents paid on Dec. 10, last year, and 5 cents each
Dec. 27, 1940, and on March 31, 1939.--V. 154, p. 1258.
—V.
31
2,326,570
receivable^_i__
receivable arising from
the 6%
The directors have declared a dividend of $1.50 per share on account
of accumulations on the $6 prior preference stock, payable April 1
to holders of record March 16.
A similar payment was made on Jan. ?,
,
ex¬
tCapital- stock
'
,
of
—16,870,897
accounts
.Amount
Stoekstrom
present directors
Clark,
Other
have
stock, payable March 31
terms for a
18,803,540
-
—
—
directors
Armour
of
20,969,573
20,899,630
etc. 200,220,994 157,681,373
etc. ;_L
receivable
Accounts
repre¬
and President and Senior VicePresident, respectively, cannot be nominated for reelection by the
committee because of SEC rules, the letter states, "without previous
consent on their part to their serving.
It is„believed that they will
be nominated by the management.
If they should be nominated by
the management and consent to serve, it is recommended that they
be elected to the board."
If not so nominated "the committee pro¬
and
mfd.
tobacco,
Mortgages,
of the board of directors," according to the
the company's board consists of 15 members, while
the by-laws provide that permanent officers be elected from members
of the directorate, the letter points out.
- The committee proposes reelection of Messrs. Butler and Robert W.
Hammerstein
fixtures, etc
stock, operating supp.,
on
compares-
$
machinery,
Corp.—5-Cent
Angostura-Wuppcrman
The
common
Braintree,
1941
Cash
At present,
rates
:
"Real estate,
amendments to provide for a
elect permanent officers who
Dec.
'
Assets—
'
Sheet,
Balance
Consolidated
,
members
be
not
letter.
:
the
is
Cleveland.
'"need
limiting
to
company
proxies for
committee
T.
directorate
board
$30 per share
stock, par $100, and $25 per share on. the 5%
stock, par $100, on account of accumulations,
both payable April 15 to holders of record April 1.
These distributions
represent payments accrued for
the five-year period from May 1,
1932, to May 1, 1937.—V. 154, p. 1100.
Tobacco
American
dividend of
a
preferred
unconsolidated subsidiaries applicable to the
Co. by $427,000.
The excess based
of such
1938
of
including net income of foreign subsidiaries at
change prevailing at Dec. 31, 1938, would be $398,000.
Illncludes. capital: stock taxes,
;■ j **Deficit.
declared
(preferred
_
upon
have
directors
cumulative
cumulative
translated into United States dollars at rate of
31, 1939, was approximately $650,000 in
■ •
r
j
^Dividends received in 1938 from subsidiaries not consolidated in¬
clude. $1,478,681 in common stock and common stock B of American
Tobacco Co. and, based upon including earnings of foreign subsidi¬
aries, las heretofore, at constant rates of exchange, exceeded the net
exchange prevailing at Dec.
excess of the said dividends.
Co.—To Pay Five Years of Accu¬
investment
operating
net
to be discharged
was made on a motion by the Glass
while a decision will be made later on a simi¬
by Thatcher Manufacturing Co.—V. 154, p. 1299.
The same ruling
Association,
motion
The
one such subsidiary, in determining income
amortization of fixed
assets
leased to
the
computed on the term of the lease.
Also as
the
American
of
in
mulated Dividends—
American
for
return
of I. J. Collins, President
said he wants to be kept
arguments are made.
the motion on Lynch Corp.
Anchor Post Fence
American
practice
the exception
Judge Kloeb
final
overruled
court
applica¬
elimination
ownod
Co.
usual
1941
for
Co.,
whom
after
defendant.
a
Container
$4.89
'
lar
consolidated
not
American Tobacco
accordance
In
$5,11
.
until
case
The
of
stock
$1,708,766.
deducted
the
4,556,177
$4.58
with
discharged
Anchor-Hocking,
were
"*566,192
4,528,692
the
-/
•
Anchor-Hocking Glass Co. and the Liberty Glass do. have
discharged as defendants in the Government's anti-trust suit
against major glass container and glass machinery manufacturers
by Judge Frank L. Kloeb in U. S. District Court at Toledo.
All individuals named as defendants with the two companies also
25,435,643
26,427,935
342,756
of
1007.
p.
"
——
4,528,695
subsidiaries
of
investment
on
155,
out-
income
net
the
for
company
been
186,232
___—_
shr. on com.
this
In U. S. Suit—
8,945,162
__
subsidiaries of
The
23,883,860
$25)
electric
January totaled 323,264,042 kwh., against 274,148,926
corresponding month of 1941, an increase of 18%,—
Anchor-Hocking Glass,Co.—Discharged As Defendant
1,369,374
9,200,503
'.
the
"
180,233
11,430,981
taxes
of
the
for
of
output
power
month
kwh.
in-
—
dividends
of
.
1589.
p.
corresponding
the
72,279,000
72,443,000
1,637,668
(par
per
"The
%of
1 to holders of record March 20.
1941
the following disbursements were made:
April 1, 20 cents; July 1 and Oct. 1, 50 cents each, and Dec. 20, $2.80.
154,
for
71,998,000
taxes.
common:
standing
net
J
payable April
During
the year
<
kwh.
of electric energy for the last
-l,:.
21
Cigarette & Cigar Co., in its Federal income
year 1941 will deduct depreciation of such assets
estimated physical life thereof.
%
tDividends received in 1940 from subsidiaries not consolidated in¬
clude $1,440,070
in common stock of American Tobacco Co.
The
amount
of the
reported net income of such subsidiaries for 1940
which is applicable to the investment of the American Tobacco Co.
.was $191,349
in excess of dividends received.
%. }Dividends received in 1939 from subsidiaries not consolidated' 'in¬
clude. $369,670 in common stock of the American Tobacco Co.
The
stock,
—-V.
output
14_:__
surplus--—
Balance,
•
has
•
dividend
61,800,400
weekly
Feb.
3,161,982
Cigarette
V.' American Screw Co.—20-Cent Dividend—
A
of
Feb.
foreign- subsidiaries
•
years
■Week Ended—
22,839,853
j American
follows;
as
of
output
,
table
follows:
202,944
3,161,982
■
'■
stock
common
the
over
1941.
of
Comparative
§2,697,404
22,752,249
was
April 1. 25 cents; July 1, 50 cents; Gct. l, 75 cents, and Dec. 31, $1.50.
—V.
week
31,346,612
exps._
profits
cuscomary,
■'
the
on
14.71 %
of
273,489
3,161,982
'•
5%
share.—
of
Inc.—Output—
for the week
£946,490
22,712,411
ble to
~
holders
635.
155, p.
Output of electric energy of the electric properties of this company
ended March 7, 1942, totaled 70,890,000 kwh., art Increase
•
3,161,982
25
a dividend of 50 cents per share on the
regular quarterly dividend of $1.25 per share
the
and
9.
Payments
and
income
Earns;
Manufacturing Co.—50-Cent Common Div.
preferred
of a new rayon staple fiber designed particularly for
and carpets and known as "Tufton," was announced on
As the name indicates, it is designed
but is also a tough and durable rayon.
rugs
5
by this corporation.
not only for the tuft of rugs,
based upon the
American
in
March
35,044,402
bonds
income
Shares }
The directors have dedared
common
$-
20,379,122
accumulations,
A similar distribution
per
■
.,
American Viscose Corp.—New Product—
use
v
(6% i__
,tax
-
1938
(cash).
of
payable March 20 to holders of record March 10.
was made on May
1, last year; none since. ,
Arrearages at Feb.
1,
1942,
amounted
ta $1.12%
'V. 155, p. 359.
.
1939
dividends
i;
X-X;X.': X.'::./ -X:;X':.
account
since.
none
American Water Works & Electric Co.,
dividends
■y,-*X "X
Dividend
V' -T
:
1939;
1,
609,905
taxes
exc.
Net
■
•
V '
Dec.
on
Arrearages as at March 1, 1942, amounted to $39.25 per share, it was
149, p. 3545.
Years
Pref.
.•
'OentS
Calendar
1940
canceled.
and
common":
the
on
each;
cents
:% \.;X^'X^
for
Com.
were
similar
A
12,093,208
Adj. applic. to prior yrs.
154, p. 1489.
.
6%
losses
come
2, last.
payments
July
of
holders of
to
Jan.
on
following
April
2,
dividend
a
April 1
made
was
paid on March 2 on account of
preferred stock, pa# $100, to
distribution was made on this
was
cumulative
26.
39,797,882
_
franchise and
State
!!Federal
similar distribution
Feb.
record
share
7%
*2,302,249
-
.
on
purch.
Other
American Crystal Sugar Co.—50-Cent Dividend—
the
income
Depreciation
Fed.
.
Mills—Pays Accumulated Dividend—
per
the
47,518,853
•
__
income.
interest,
income
Interest, discount, etc.-_
1049.
p.
of
$1.75
on
Feb.
54,914,556
226,840,986
___________
154,
of
500,685
Operating profit
7,188,214
payable
_____________
issue
245,954,996 227,371,967 221,749,610
Divs.,
3,195,581
62,205,064
and common dividends
Reserves
dividend
.
,
stated.—V.
285,752,878 262,416,368 253,036,222
Other
10,000,000
6,292.825
.Preferred
____
■
American Tissue
A
sales,
Total
809,167
10,000.000
155, p., 497.
accumulations
>
..
3,195,581
debentures—
Account
gen'l and admin, exp. 289,419,812
13,151,385
6,900,000
18,700,000
with.
(contra)
company carried on its books leaf tobacco, manufactured
operating supplies, etc., at cost, in the amount of $200,220,994.
stock,
—V.
when
time
a
.
61,849,950
22,555,099
_
expenses_____„
been
never
disc'ts, etc. 336,938,665
selling,
less
of
Cost
41,233,300
61,849,950
($100 par)_—„
_________
accrued
identified
contracts
war
par i
payable and
.Liabilities
*
preferred stock
stock
next
year,,
—V.
Income
1941
•
cumulative
Common
.Accounts
the
last
(Includihg Wholly Owned Domestic Subsidiaries)
•
Liabilities—
with
stockholders."
Consolidated
Sales,
Total
offering
be used .primarily.for.,
that figure constitutes bank loans incurred in connection
company's rapidly increasing inventories.
At the end of
portion of
holders
'
public
:
Development
rXCXXx'' ■-A -.
will agree that there has
you
loyal
16,660,987
15,953,563
—_
Deferred charges ———
Materials and productS4._w__;_—
"'v--'':"-
XX"-::
.V
funding of bank loans.
On Dec. 31, last, the company reported
payable to banks and serial debentures maturing in 1942, grouped
one item,
in the amount of $75,264,000.
By far the largest pro¬
the
into
need for competent
management
and
for
the
management to feel that it has behind it the united sup¬
of
of
port
543,007
.
directors.
and
facilitate
to
notes
greater
was
ability
809,167
684,054
17,756,287
—-
receivable.
accounts and bills
believe
"I
there
—
officers
investment.
their
war
———————
________________
Deferred
$
117,739,598
——
with
investments
Cash
•Accounts
1940
$
'
their
to
"In
the year 1942,"
the letter continues, "company faces many
problems—principal among them the problems arising from priori¬
ties and from rapidly increasing costs and taxes.
Tne responsibili¬
ties of management multiply and ever greater efficiency becomes essen¬
tial, if we are to meet company's share of the cost of National De¬
fense and the obligation to pay our stockholders a proper return on
doubtful
$1,350,000
1941
Assets—
Other
tection
time
in
the-sale of the.debentures will
Proceeds from
'
^Includes $10,529,600 excess profits taxes.
Consolidated
Assets
corporations are adopting by-laws such as this to afford justified pro¬
2,473,998
$4.35
tFor
years.
^Includes
receivable.
no
see
requirements
registration
...
plained in detail in the proxy statement, relating to actions and pro¬
ceedings against officers and directors because of their connection
with the company and the conduct of its business.
More and more
$44,753,332
2,473,998
$6.45
adjustments
accounts
2,473,998
$5.88
2,473,998
filed
annual
our
statement
registration
month.
by-law which has worked well without this amendment for 38 years."
The
management is proposing an amendment to the by-laws ex¬
'
-—•—
-
—
A
resolution to "regulate further, in detail,
meeting," says Mr. Hill, who adds;
"I
adequate, reason for making any change in the present
of
is said, will head a nation-wide syndicate
public distribution of the issue.
covering the financing is expected to be
with the SEC within a few weeks.
It is planned to fulfill the
it
Co.,
Stanley &
Morgan
time the same stock¬
which the stockholders
that for the third
identical resolutions
out
bond
of underwriters to handle the
$4.50 per
another
-proposes
conduct
-can
'
•
points
$100,000,000
rates—Is
tax
amount,
is said to have under consideration the issuance of
20-year debentures.
This would be the largest piece of
financing to be undertaken under the Securities Acts.
company
industrial
in 1948 by over 96% of the votes cast and rejected again
1941' by over 97%
of the votes cast.
This time this same stock-
the
$863,175
43,890,157
$5,502,641
44,753,332
loss.— $62,205,064 $54,914,556 $50,255,973
stock <
and
Shares
of
com.
,i.'
outstanding
•Earned
.$4,658,583
50,255,973
1,227,000
•.
Profit
•
'
•
1940
this
Of
presenting the
is
holier
Balance, surplus
Previous surplus———.!
-Unrequired, balances in
contingency reserve—
1941.
-•
at cost.
$100,000,(M Financing--
Plans
The
stock carried
B
common
1941.
rejected
2,886,331
9,895,992
2,886,331
9,895,992
—
holder
$17,440,906 $18,284,964 $13,645,498
$18,845,831
——
dividends
under
share
The. letter
r
Net. income
Pref.
company
approximately $4.58 per
share was paid to stock¬
holders in common dividends during the past year." In this connec¬
tion it is. interesting to note the fact that as shown by the annual
report, V Federal corporate taxes paid by the company ihcreased in
1941, over 1940 from $9,200,508 to $20,376,143.
.y...
—w
increased
in
SRepresented by 48,826 shares of common stock and 166,359 shares
our
common,
share for
*516,003
282,966 T
739,156
,
■to-..prior;ye?rs—143,347
,,
,
523,195
reflected
$475,000.
sales
increase in
profits for
$16,388,861; in wholly owned foreign subsidiaries,
in; the American Tobacco Co. of the Orient, Inc.,
was
and
$7,388,138,
of
outstanding
this
circumstances,
been
have
subsidiaries
of business in his letter
annual report, George W.
country is at war, and the cost of victory must be paid
by. all American in higher taxes.
It is because of much higher cor¬
porate taxes that, after preferred dividends, company's net income—
which, .as a result of increased sales, would have risen to $6.65 per
But
———
———
normal
»
IiiCv—Annual Report—
oh the increased volume
to stockholders enclosing the company's
Hill, President, states:
Commenting
$47,007,477 $31,922,983. $30,986,154 $23,109,106
earnings
'
'
•
Aiiierican Tobacco Co.,
?
1939 •'
1940
1941
1115
THE COMMERCIAL & FINANCIAL CHRONICLE
•
.
Account
Income
..
Dividends
;>y
Number 4035
••
.
and
eouity in the net assets of
(including
intangibles
of
(1) partlv
$3,859,610)
subsidiaries
(2)
wholly o^ned foreign
company's equity in partly bwned
J u
i
v
' ^
domestic
.
In
of
the
and are increasing production as raDidlv as exoanding facilities
permit, keeping well ahead or at least abreast of the upward trend
schedulgs*,
,
year,
of
,
THE COMMERCIAL & FINANCIAL
ins
The
-
backlogs
Aviation
of
orders. for
increased, are
The carrying out of this- work
a task of major
importance.
\
*
promptly
on
and
-
Consolidated
\
the books of The
substantially
the country.
efficiently represents
{
J";
production
war
and its associated companies, recently
in the aggregate among the largest in
Corp,
Income'Account, Years., Ended Nov.
'
Net
sales
Cost
of
//' 1941,
1940,
$18,680,639
__
<
30
1939
$3,235,440
4,513,976
$3,301,779
J3,223,961
$77,818
$1,477,206
202,064
248,224
386,528
$326,042
$1,863,733
:
Gross prof, from sales
Government regu¬
pertinent informal
regarding unfilled orders, expansion of facilities, locations of
plants, number of employees, and other data of operations. *; ; ?
t
Other
income
$4,766,898
593,513
_j._i.____
Sell.,
1941, which was equivalent
Corp.'s capital stock, does jnot
companies in which Aviation
Corp, has substantial investments, in some cases representing more
than a majority of the voting stock.
Subsidiaries whoe accounts , are
not
consolidated are Vultee Aircraft,
Inc., New York Shipbuilding
Corp. and' Auburn Central Manufacturing Corp.
Other companies
in which thie corporation has substantial investments, and which are
jnot subsidiaries, are American Airlines, Inc., and Pan American Air¬
ways Corp.
The Aviation Corp.'s equity in the undistributed earnings
Results—The
Financial
for
income
net
of
the
fiscal
subsidiaries
other than
was
Other
a
16,
■■■'
>y /.,
/.// /
addition, Vultee's purchase of Consolidated
financed to the extent of approximately $5,400,000
I
tional shares of
It. Is
its
believed
arrangements,
conducted,
in
economies
that
Vultee
effect,
as
bf
shares
stock
founders
•
Shipbuilding
Corp.,
the
,
by
,
of the transaction
expenses
Aviation
Manufacturing
Corp.'—In #order
*
Corp.,
•
American
Propeller Corp.—The propeller business formerly carried
the Lycoming Division has been 4n large measure transferred
wholly owned subsidiary, the American Propeller Corp., which
"has "beep1 owned by The Aviation Corp. for some years.
A new plant
for the production of propellers
is now being built by the Defense
.Plant Corporation for lease to the American Propeller Corp., which
recently completed a new pilot plant of its own.
The facilities for¬
by
on
,to
a
merly
used
the
in
manufacture
of
propellers
the
at
Lycoming
American
American
investment
Inc.—The
Airlines,
of
The
consisting of $2,422,113
was converted in June, 1941,
Inc.,
Aviation
Corp.
in
par
,
'
The Aviation Corp. retains all rights of ownership of its stock holdings except voting rights/
;
Exemption
/ /
1'
Major
1
Under
Investment
major
-
Investments—A
investments
accounts
with
-follows:
held
results
of
in
Corp.
the
extent
indirectly
or
the
their
of
Aviation
in
consolidated
the
'
Corp.'s
companies
financial
for
operations
'
■■
Aviation
directlv
included
not
are
together
;
of
summary
past
whose
Due
approximately
owns
75'7
-the
11
The
months'
period, compared
Aviation
Corp.
with $9,349,550 for all of
approximately
owns
the
of
59%
1940.
outstanding
founders
stock of New York Shipbuilding Corp; /This class of: stock
has sole voting rights, but there are also shares of
'participating Stock
outstanding, which participate equally
with the founders stock
so
far as dividends are concerned,
and therefore the holdings of The
.
Aviation Corp. represent
.earnings of New York
approximately
Shipbuilding
21r/r
for
of
the
the
total
fiscal
equity.
year
Net
ended
Dec.
"31,
1941. were $3,074^533. after all charges and taxes, compared with
$2,334,261 for the preceding year.
During 1941 dividends of $3 per
share were .paid on the founders and participating stoe-k.
respectively.
Gross billings were $97,733,806, compared with
$45,042,046 for 1940,
v
Sli^htlv
of
mare
Auburn
of
both
Manufacturing
Auburn Central's
Corp,
30.
than £0%
Central
net
the
preferred
Corp.
earnings
is
for
and
owned
the
common
by
fiscal
The
stocks
Aviation
of
year
ended
the
The
last
a
accrued
Dec.
31,
trustee,
cumulative
1941.
now
dividends
for
.
34%
owns
of
the
ended
T^e
-
of
em
1940
Fixed
American Airlines, Inc., as a result of the conversion
its holdings of that company's debentures into common
earnings of American Airlines, Inc., for the 11 months
Nov,
30,
1941, according
to unaudited figures as reported
to
the
P°n
Aviation
Vultee
'
income
\
<
tax
assessments
Balance
Sheet,
hand
subsidiaries
covering
,
Nov,
prior
__
(not
consolidated)______
Manufacturing Corp.
Central
dividends
and
and
accounts
$1,419,562
1,136,299
774,378
75,459
______
109,761
receivable.____.
15,327
46,321
—,—3,338,671
-1,997,270
receivable
(net)
122,971
______
1,774,008
_____
and
jigs
(less amortization)
387,173
work in progress
"Land
_
207,604
120,881
38,098
131,627
;
_
131,627
tEmergency plant facilities
997,804
Prepaid taxes, Insurance, etc.-._,_'-_iw-j.r_j._j.l.^
67,284
30,469
Deferred engineering, etc., expenses
777,689
764,155
.Miscellaneous deferred/charges—•30,875
,
Goodwill
!
(less
amortization)__>
_w
.—____
!
j.
Accrued taxes
(including income taxes)__
accrued expenses______
Customers'
Due
*
Aircraft, Inc
42,600
13,010,001
5,559,511
4,706,826
3,120,017
national
defense
orders
(construction
..'f ' ."V".
,
income
net
for
1941,
in
Year
after
progress.)—
Inc.—Earnings, Etc.—
taxes,
of
Net Sales
■./
,
S.
•,../
company's products.
The
with the preceding three years as follows:
year's operations
includes
required
compare
>/'/;/v//";,//'V1"
Inc. Taxes
Net Income
r 1938____
$21,026,461
$194,801
1S39___^
19.305.998
149.534
19.170.720
154.986
"451.881
16,934.942
130,000
t294,150
•Exclusive
of
Federal
$729,451
620.334
refund on business of prior
leaf tobacco.
Cigarettes, which account
total business, has con¬
tinued without interruption since 1938 and in fact was accelerated
during the past year by various factors including primarily the dis¬
advantageous tax position of economy price cigarettes as compared
with standard price cigarettes and by the rapidly increasing industrial
prosperity which has caused a marked shift in buying habits from the
lower to higher priced products.
During 1941 a majority of the claiss "B" common stock was acquired
by Transamerica Corp.
As a consequence, an intensive program has
been inaugurated to lay the foundations for reversing the downward
trend, of the company's business. during recent years.
Several "new
experienced executivei were placed on the staff, ft considerable amount
of obsolete and inefficient, machinery was replaced with new equip¬
ment, inventories of high quality leaf tobacco were acquired to permit
the production of quality cigarettes, and several new products, with
reasonable profit possibilities, have been developed and are now being
processing
tax
ye«»rs. ^Inclusive of profit on sale of excess
The decline in the sales of Twenty Grand
for nearly three-fourths of
the company's
tested
in. various
marketing
areas.
-
Z
less
.
.
—$16 934.943
returns
-
_Z
—____—14.413,429
Selling, administrative and general expenses—_—_______
2.363,688
as
income
and
on
5,054
$162,879
——
State
sale
applicable
Aeronautics Board, were $24.452,633, after pro¬
compared with $1,858,550 for the entire preceding
taxes
of leaf
on
income,
estimated——.—44,000
(less $86,000 estimated income taxes
Corp.
availab^,
owns
due
aporoximatelv
to
.'ponv
its
10^
Earnings for
world-wide
retv>rfed eernings
year ended
charges and taxes, as $2,256,318.
of
lis
tjip common stock
calendar\.year
Past
onerations, but
Dec.
31,
1940,
the
com-
after
all
1:
thereto)
_____——_
Cr.175,271
$294,150
income
Surplus
Notes—(1)
profits
amount
successful
is
road
refunding-these
in
outstanding-
159,030
—u._w
^
No
$135,120
to be required on Federal excess
accounts include depreciation in the
provision. believed
taxes.
The
bf, $119,083.
above
Dividend-
Bath Iron Works Corp.—5Q'-Cent Common
of
dividends
A
stock,
mon
cents
50
share has been declared^ on the com¬
1 to holders of record March 21. A similar
Dec. 22, 1941, as against 25 cents egch on
payable April
distribution
made
was
on
per
Bethlehem Steel Corp.—Annual
flf
Report—
>1. C,v*(U*t4
...
1941 was $34,457,796
$48,677,524 for the preceding year.
The net in¬
come
for the year 1941
was equivalent to $9.35 per share on
the
2,984,994 shares of common stock outstanding in the hands of the
public at the end of the year, after deducting an amount equal to
the dividends for the year on the outstanding 1%
cumulative pre¬
ferred/stock.
The net billed value of products shipped and of other classes of
business done by corporation
during the year 1941 is $961,240,737
as
compared with $602,202,618 during the preceding year.^,./'///,
The estimated net amount of business booked during the year by
corporation
aggregeated
$1,084,600,000
as
compared
with
$1,519,300,000 during the year 1940.
The estimated net billing value of the
unfilled orders on
hand Dec.
31, 1941, amounted to $1,327,500,000
as compared with $1,204,100,000 on Dec/ 31,
1940.
Such estimated net
billing value of unfilled orders on hand Dec, 31, 1941, includes $991,100,000 as the unbilled amounts on contracts for ship construction
and ship repairs.
Since shortly after the beginning of the war In Europe the prices
paid for certain raw materials and supplies have been substantially
above the level of those prevailing prior to the war, which caused
the inventory
value at Dec. 31, 1941, of such raw materials and
supplies and certain manufactured products to be higher than their
estimated normal cost.
In order to provide for a possible decrease
in the market prices of similar raw materials and supplies and con¬
sequently a decrease in the replacement cost of manufactured prod¬
ucts, reserve of $13,200,000 (including an aggregate of $9,Q70;000 which
was set up in 1939 and 1940), equal to estimated amount of the excess
of the inventory value of such materials, supplies and products at
-the end Of the year over their estimated normal cost, has been set
up out of income and deducted from the total inventory value.
Additions to the properties
of corporation and increases in the
volume and the scope of its activities and the entrance of this country
compared with
V
■
the )var
into
believing
have, of course, increased the risk of losses.
Directors,
additional provision should be made for such losses
that
and for other contingencies, has approved an increase in the insurance
reserve
from $6,000,000 at the end of 1940 to $9,500,000 as of Dec.
at
the
added
end
The
net increase in the contingent reserve from $3,567,249
a
of
to
1940
$7,535,881
to
were
reserves
of Dec.
as
deducted from
31.
1941.
income.
:
The
amounts
z
National Defense Program for iron-and
steel products, ordnance and ships and for facilities for ship repairs
have naturally increased very substantially during the year and. the
participation of corporation in work for such program has likewise
increased.
Such program has required
the making of major addi¬
tions and improvements at both the steel plants and the shipyards
of corporation, which have already resulted In substantially increas¬
ing the production by corporation of materials1 and ships essential
to the war effort of the country.
Such production- will be further
increased in the future with the completion of other additions and
improvements.
In view of the importance of avoiding a disclosure
of
information which might be used
against the country, directors
believe that this report should not set forth any details as to the
extent of the participation of the corporation in the National Defense
Program or such information as has been included in previous annual
reports of the corporation as to the nature of the additions and
improvements which were made, in 1941 and are to be made to
requirements
properties of
The
of
cash
the
of
the
the. corporation.
' ,-.Z //.
■
--:/ //
expenditures for additions and
'
- -
improvements to properties
corporation
during 1941 amounted to $42,127,091.
The esti¬
mated cost of competing the construction authorized and In progress
as
of
Dec.
31,
1941,
is $48,100,000,
including $25,500,000 for the
development of certain iron ore properties and transportation, facili¬
ties for use in
connection therewith which it is expected Will be
expended during the next four, years.
.-1./.
V
It is exnected that of the expenditures for additions and improve¬
ments made in 1940 or 1941 approximately $46 000 000 Will be subject
,
to
amortization for
Revenue Code.
The
total
be
under the provisions of the Internal
-;
'
In 1941 to 'amortize tlie cost of emer¬
$12,950,000,/ of which, it is* estimated, $2,500,000
purposes
.
allowed
as
provided
deduction
a
from
income
for
profits tax purposes for 1941.
excess
In
tax
•'
r
amount
facilities- is
gency
will
addition
to
the
construction
Federal
income
/
above
work
mentioned,
and
"
to
-
the
other facilities
at the
on- additional
properties leased for the purpose which are being paid for arid will
be owned by the United States Government and will be subject to
up
1941 $72,000,000 had been expended for certain
steel plants and shipyards nf corporation and
removal
bv
Such
it.
facilities
will
be
operated
the
by
corporation,
in
some cases on a
rental basis,
The estimated cost as .of Dec. 31,
1941, of completing such facilities for the Government was $35,000,000.
.
at
ties
an
entered into contracts with the
shipbuilding faHlir
Such contracts provide that
of additional
cost of $45,100,000;
estimated
those facilities will be paid for and owned b.v the U, S> Government end
will be operated by the corporation.Cornoration has, also
entered
the existing shin
of
$9,050,000.
owned
the
U. S.
Government
for extensions
repair yards of the corporation
at
an
tri
Under such contracts these extensions will
bw the
U.
S.
Government
'fterWip 'o'r
estimated
be
cost
paid for
and
operated by the corporation
on a rental basis.
••/.."
' ;
;
Since Jan, J,. 1942. cornoration has el*0 entered into contracts with
the Defense Plant Corporation for "additional" facilities at.' the ftt°el
plants of the corporation «»t, an estimated cost of $54,772 OOft Und°r
such
Net
Dividends paid on preferred stock-
.
#
the
.
and
Total
outstanding
i, I94l>,*„■
Oct.
event
into contracts with
$157,825
Operating profit
Other income, less other expenses-—
Profit
refinance
through the use of its consolidated refunding mortgage bonds,
its consolidated refunding mortgage will become a first lien on .the
entire property/including equipment, except for a prior lien of the
Aroostook Northern RR. mortgage—$95,000—-on less than 16 miles of
branch line, and the prior liens of equipment trusts "K" and "L."
—V. 155, p. 913.
: Since Jan. 1, 1942, corporation has
U. S. Government for the construction
^Statement of income, Year Ended Dec. 31, 1941
Cost of sales
Federal
loan to
a
issues,
end of
*
As
another
consequence of the change in the ownership of the
majority of the class *'B" common stock, the company has been
enabled to develop a recapitalization program which calls for sub¬
stantial cash payments to the holders of the preferred and class "A"
stock and which the company hopes to be able to submit to stock¬
holders at an early date.
^
Sales,
due
the
so
tFor U.
was $294,150 which
realized profit of $175,271 from the sale of leaf tobacco not
blends
collateral for
as
first 5s, due Jan. 1, 1943, and, $130,000 Aroostook Northern RR.
5s,
In
31, 1941, and
$26,380,365 $18,344,253
Axton-Fisher Tobacco Co.,
the
60.871
/
21,300
17,346,666
6,147,473
—
154, p. "1374/'
for
128,345
117,955
/
1,791,749
Unimproved airport sites at estimated realizable value.
The
a
:
362,095
■
Government
V.
1,090,047
376.107
Purchase money obligation
Capital stock (par $3)
/Capital /surplus
/Earned deficit ;
Total
$1,250,000
867,333
1,323,581
deposits
Vultee
to
25,000
$26,380,365 $18,344,253
$2,081,697
974,130
payable
Dividends declared
Sundry
27,856
.ifa
Liabilities—
Notes payable to banks
Accounts
1,103,788
12,015
•
883,030
25,000
licenses
Tradename
total
used
.
obligations
tension
first
as
7,606,408
and
-
Eugene G. Grace, Presiilent. states in part;
The net income of corporation for the year
1940
25,393
Patents
per
which company proposes to refund consist of;
$3,360,000 Bangor & Aroostook first mortgage 5s, due Jan. 1, 19.43;
$1,250,000
Bangor & Aroostook RR.
Piscataquis Division first 5s;
maturing Jan. 1, 1943; $500,000 Bangor & Aroostook Van Buren ex¬
The
?
________10,441,126
2,182,799
assets
(less depreciation)_____
2,223,824
Construction
$60
years.
39
$3,470,779
314,536
1,887,752
________
(net)__________
____—_______
dies
at
Apni 1, July 1 and Oct. 1, 1941.—V. 155, p. 635.
undistributed profits.
on
on
Auburn
.
would be
which
obligations.
'
Civil
American Airwavs Corp.
not vot
Federal
interest
Patterns,
of
for taxes,
calendar year.
in
com¬
June of
vision
ri'
the
of
1940, to
stock..: Net
•monthlv
.
payment
Aviation Corn., through
stock
mon
.
full
period from, June 1,
stock
1941
notes
Nov.
$100,487
.represented
for
resulted
,
after all charges and taxes, compared with a
for the period from May 1, 1940, to Nov; 30,
•194Q.
Net sales were $3,722,940, compared with $1,139,790 for the
preceding seven months' period.
On Feb. 5. 1942, Auburn Central
paid a dividend on its preferred stocfc .of $3.16% per share, which
loss
Division
redeemable
share,
Class B common capital stock
$454,650;
items
Consolidated
from
1941, were $115,338,
net
and experimental ex¬
to models on which
Accounts receivable from U. S. Government
of
\Vultee Aircraft, Inc., now owns approximately 34^
of the out¬
standing common stock of Consolidated Aircraft Corp., acquired in
December, 1941.
The fiscal year of the company has been changed
,to end on Nov. 30.
During the period of 11 months ended Nov. 30,
1941, net profit of Consolidated Aircraft; was $8,024,882,
after all
charces and taxes, compared with
$1,400,645 for the preceding 12
months' period ended Dec. 31, 1940.
Net sales were $95,529,051 for
Aircraft
for
share
has applied to the ICC for authority to nominally issue
$8,000,000 consolidated refunding mortgage 4'k bonds
additional
<
Investments
M
the outstanding
common
stock of Vultee Aircraft,
Inc.,
including holdings acquired
in December, 1941,
Vultee's net earnings for the fiscal year ending
Nov. 30, 1941, after all charges and taxes, were
$3,100,735, compared
with $374,457 for the preceding
year.
Net sales were $34,057,207,
compared with $5,605,410 for the 1940 fiscal year.
"
now
Vultee
-
The company
an
i
Due from
year,
■
engineering
stock
class B
Bangor & Aroostook RR.—To Refund Liens—
$0.07
,
"Excess of net proceeds
Accrued
statements,
fiscal
the
which
other
Cash in banks and
Aviation
Act.—The
Company
Corp.,
after full hearing before the Securities
and Exchange Commission,
last September received an exemption from the terms and provisions
of the Investment Company Act of 1940.
The Commission issued an
opinion that The Aviation Corp. was primarily engaged, directly and
through majority owned subsidiaries, in the manufacture and sale of
aircraft,
aircraft
engines, propellers and precision parts,
and the
: construction of naval vessels, and therefore was not, in effect, the
'type of corporation intended to be made subject to the terms of the Act,
.
deferred
Cash in special bank accounts
Notes and accounts receivable
Divi-
value of con¬
vertible debentures,
just prior to, their
maturity; into 193,769 shares, or approximately 34%, of American
Airlines' 'outstanding common stock.
Under a trust agreement the
newly acquired shares were deposited in escrow with Jesse H. Jones,
<as
trustee, to be held by him for three years or until six months
after the end
of
the
National
Emergency, whichever first occurs,
in order?1 to obviate any question of the legality of the holdings under
the Civil Aeronautics Act of 1938.
During the period of this deposit,
Airlines,
of
::
$10), $1,120,120;
paid-in and other capital surplus, $67,489;
earned, $6,475,176; total, $13,347,472.—V. 155, p. 819. '
J
'
/
"
in-
(par
provided during
was
^
$2,051,498;
$187,909
Nil
$0.02
Assets—
,-sion plant will be moved to the new plants as they approach completion.
.
of
assets
Inc.,
from
§§Including surtax
.
formerly operating divisions of Aviation Manufacturing
operated directly by The Aviation Corp.
.
$88,350tt$2,238,049v
$0.42::
into
share plus accrued dividends),
______
ttLoss.
cen¬
now
$2,454,142
-
capital stock (cum. dividend $3.20 per share, par $10,
common
convertible
ft57,000
.
on
write-off
ftAdditional
wholly owned subsidiary, and that company was merged into The
Corp.
As a result, the Lycoming and Spencer Heater Divi¬
are
«.
by directors at Deb; 31/1932/
Aviation
sions,
«"»Crl54,254
§600,043
*
class A
from sale of securities previously segregated
for
special distribution to stockholders in compliance with the Air
Mail Act of 1934, over written-down book value thereof as determined
organization, The Aviation Corp. on Nev. 30, 1941, took over
the assets and assumed the liabilities of Aviation Manufacturing Corp.,
a
:
in a taxable profit in excess of the
although no profit is recorded in the consoli¬
dated accounts in respect of this i transaction.
:
11Depreciation and amortization of fixed assets.
tralized
■;
net
the
loss
.Inventories
a.-more
"
______
tCr468,404
and
Other
achieve
to
.
^—_
§Consists of
Aircraft,
and
as
"31,262
*•
___
share
stock
of
u-
$971,306
originally contemplated,
were accordingly reduced.
bankers,
investment
20,381
§§4,100
59,515
dies and jigs applicable
no longer anticipated of $464,903 ;
loss oh sales
of securities
(net) of $80,814 and provision for Federal income tax
of $54,327.
The provision for Federal income tax arose from the sale
Corp.
underwritten
''
'
patterns,
production orders are
At the same time,
valued at $68,052.
U326,310
4,000
tax_
per
penses
"
York
New
of
725,000
and equipment leased to
others, $4216,079; profit on liquidation of various non-aviation assets
acquired in 1939, $115,141; commission received from Vultee Aircraft,
inc., on assignment of aircraft engine purchase contract,
$36,760; /
total, $587,981, less write-down of unimproved airport sites to esti¬
mated realizable value, $119,577; balance, $468,404.
tExcluding depreciation, amortization and taxes aggregating $275,767
($361,830 in 1938).
'
,,
received, cash proceeds of $1,212,239 from the sale
of 346,354 additional shares of its capital stock through an offering
to stockholders.
It was not found necessary to have the offering
Aviation
129,248
'245,908
41
;
r
that year in the amount of $458,402.
tConsists of profit on sale of property
Corp.—In
in cash and miscellaneous assets
The
1,282,158
178;362
;
Depreciation and amortization of fixed assets
operation.
of
/•■,//
.
-
merger,
consolidation or some other
Consolidated Aircraft can eventually / be
one
industrial enterprise with
resulting
Transportation
and
income
Net profit
Earnings
capital
March, 1941, The Aviation
Corp.,I following stockholders' approval of a "plan of exchange,"
acquired certain of the assets of Aviation and Transportation Corp.
in exchange for 1,099,201 shares of its capital stock. • The Aviation
Corp. thus acquired 100,356 shares of common stock and 8,468 shares
pf preferred stock of Auburn Central Manufacturing Corp., 87,800
Aviation
,
to
minority interests
through
and
efficiencies
and
stock.
common
-
1,519,396
'
377,188
applicable
Add'l Fed.
■/"/■
through the public
sale of 240,000
shares of Vultee's cumulative convertible preferred
stock.
Vultee also paid $1,500,000, obtained through a bank loan,
and $880,000 appropriated from its corporate funds, which was _replaced by dividends of an equal amount received in December, 1941,
on
its newly acquired shares of Consolidated Aircraft.
The balance
pf the purchase price was in the form of Vultee's note for $1,665,000,
.'payable on or before June 30, 1942, either in cash or, to the extent
of the principal of the obligation, by the issuance of 225,000 addi¬
422,560
Extraordinary items
Aircraft stock was
In
tax__
deductions
Portion
bank loan , made on,,
of" the proceeds of a $2,000,000
portion
pose
Dec.
inc.
for depreciation-,.
normal tax
Prov.
Major Corporate Developments-—On Dec. 19, 1941, Vultee Aircraft,
Inc., a majority of whose common stock is owned by The Aviation
Corp., purchased 440,000 shares, or approximately 34'/', of the out¬
standing common stock of Consolidated Aircraft Corp. at a cost of
$10,945,000.
As a part of the transaction The Aviation Corp. in¬
creased its investment
in Vultee by purchasing
150,000 additional
shares of Vultee common stock for $1,500,000 utilizing for this pur¬
■
gen'l
exps.___*
Federal
1941
'Av:(
for. the
equivalent
capital stock;
consolidated
not
to 45 cents per share of its
year
admin.
$5,360,411
$923,527
V //'//-.v/'' ■■■■•.•••,•. ■/
1,381,521
1,240,005
State, local & Fed. taxes, *
_
-
advertising,
and
to 42 'cents per share of The Aviation
reflect the undistributed earnings of
income
'
accounts),
at average cost, .$8,539,789; merchandise and/or cash with
$45,242; funds, accounts and inventories in countries out¬
side the Americas, which may hot be currently collectible, $33,381;
accounts
receivable,
with
collateral, subject to foreign exchange
restrictions, at face value of collateral, $8,959; property, plant and
equipment, atnoost* $1,252,416; insurance, $27,519; advertising supplies
and
expenses,
$57,353? repair and renewal supplies, etc., $66,625;
interest, $20,542; other items;. $26,983; brands and trade-marks,/ at
cost, $336,286; total, $13,347,472.
;
'Liabilities—Notes . payable, : banks,
$3,450,000;
accounts payable,
$179,167; accrued liabilities, $37,317; provision for Federal and State
taxes on income, $149,954; 6 % cum. preferred capital stock- (par $100,
redeemable at $105 per., share plus accrued
dividends), $1,413,600;
tion
Total
doubtful
and
ventories,
salesmen,
,
Precautionary measures of. wartime, reflected in
lations,'have compelled company to omit certain
Monday, March 16, 1942
deposits, $880,880; accounts receivable (less
cash- discounts
for
allowance
$6,373,762
$4;896,556
:
'; Balance Sheet, Dec. 31, 1941
/
-,
Assets—Cash and demand
1938
$721,463
sales/13,913,741
i/il"'
CHRONICLE
contracts
Defense
to
Plant
corporation,
those
facilities. will be
Cornoration.
and
will
subject
be
leased
to
to
paid
an
it
for
based on production from such. faqilities or
•auxiliary facilities on the use made
them,
will be -approximately 35 years,, subject
to
«n*i
fVio
i-prnnwol
of
partly the Defense Plant Corporation.
for
ontlon
fn-h
end
of
owned
tbo
nurchase
granted
operation
at
a'rental
i" the Mse o^ cer+oin
TKflf term-df the le««e
crUor
termination
vh()ri *
(r\
W
(rj
Upon tthe completipa of^thqse
.
THE COMMERCIAL £ FINANCIAL CHRONICLE
1116
The
backlogs
Aviation
'The
of
tfre
out
of
major
production on the books of The
companies, recently substantially
the largest in the country.
promptly and efficiently represents
Consolidated
orders for war
its associated
in
are
carrying
task
a
of
and
Corp.
increased,
aggregate
this
among
work
sales
wartime,
of
measures
Government
in
reflected
cost, of
orders,
income
net
which
1941,
for
was
Corp.'s capital stock,
companies in which
of The Aviation
undistributed earnings
of
share
per
portion
a
the
of
of
proceeds
In
■
a
loan
made
on
of Consolidated Aircraft
approximately $5,400,000 through
purchase
Vultee's
the
to
extent
of
other
and
appropriated
$880,000
stock
was
its
from
which
funds,
corporate
was „re-
by dividends of an equal amount received in December, 1941,
newly acquired shares of Consolidated Aircraft.
The balance
qf the purchase price was in the form of Vultee's note for $1,665,000,
placed
its
payable on
of
before June 30, 1942, either in cash or,
principal of the obligation, by the issuance-of
the
It
Is
believed
arrangements,
that
in
economies
and
Ayiation
and
Aircraft
one
industrial
of operation.
as
efficiencies
Other
Add'l
preferred
of
cash
Transportation
The
stock
of
founders
and
eventually
can
Corp.—In
with
be
resulting
March,
1941, The Aviation
"plan of
exchange,"
Auburn
stock
of
Manufacturing Corp,, 87,800
Shipbuilding Corp., $971,306
Central
York
New
miscellaneous assets valued at $68,052.
Corp. 'received
Aviation
of
346,354
to
stockholders.
additional
cash
shares
It
of
not
was
underwritten
by
investment
the
of
the
expenses
At the same time,
proceeds of $1,212,239
its
through an
to have the
capital
stock
offering
necessary
offering
as originally
contemplated, and
accordingly reduced.
found
bankers,
transaction
the sale
from
were
Manufacturing Corp.—In torder to achieve a more
tralized organization, The Aviation Corp. on Nev. 30, 1941, took
the assets and assumed
wholly
owned
cen¬
over
the liabilities of Aviation Manufacturing Corp.,
subsidiary,
and that company was merged into The
Aviation Corp.
As a result, the Lycoming and Spencer Heater Divi¬
sions, formerly operating divisions of Aviation Manufacturing Corp.,
are
now operated
directly by The Aviation Corp.
•
American
Propeller Corp.—The propeller business formerly carried
the Lycoming Division has been in large measure transferred
wholly owned subsidiary, the American Propeller Corp., which
has been1 owned by The Aviation Corp. for some years.
A new plant
for the production of propellers is now being built by the Defense
by
on
to
,
a
Plant
Corporation
lease
for
recently completed
merly used in the
a
sion plant will be moved to the
American
American
vertible
Airlines,
Airlines,
into
newly
acquired
trustee,
as
after
in
order to
the
Civil
The
be
end
held
obviate
ings except
Corp.
which
Corp.,
The
facilities
the
in
of
The
for
Aviation
June,
in
just
prior
341?,
trust
a
with
escrow
three
value
1941,
Under
years
Corp.
par
approximately
deposited
con¬
to
of
their
American
agreement "the
Jesse
until
or
in
of
H.
six
Jones,
months
Emergency, whichever first occurs,
question of the legality of the holdings under
of
Act
retains
1938.
During the period of this deposit.
rights of ownership of its stock hold¬
all
that
Company
The
Aviation
Act
of
Corp.
1940.
The
Commission
primarily
was
through majority owned subsidiaries,
the
in
engaged,
issued
directly
manufacture
and
an
Major Investments—A
major investments held
summary, of the extent of Ayiation Corp.'s
directly or
indirectly in companies whose
included in the consolidated' financial statements,
not
are
together
with
in
results
Corp.
stock
December,
go,
with
of
their
,
operations
for
the
fiscal
past
and
months'
the
11
the preceding
$5,606,410 for the
Inc.,
now
Net
sales
fiscal
year.
vear.
1940
owns
The
has
341-
the
of
out¬
Aviation
of
1941.
for
billings
Corp.
lose
•1940.
of
sales,
period
The
stock
mon
last
June
stock.
of
net
full
of
of
Net
its
on
with'
therefore
21%
for
the
the
of
the
compared
both
the
of
holdings
total
fiscal
all
with
stock
The
of
equity.
Net
ended
Dec.
year
$45,042,046
preferred
Corp.
earnings
.
is
for
charges
preferred
payment,
from
Aviation
class
and
owned
the
by
fiscal
for
common
The
1940.
stocks
Aviation
ended
year
T'^e
of
pro
June
Corn.,
1,
earnings
to
through
American
stock
the
of
1940,
of
of
a
;
of
$3.16%
accr"ed
Dec.
31.
trustee,
Airlines,
its.holdings
not.
ror,v
year.
Aviation
Pen
of
$2,454,142
amortization
of
amount
in
of
fixed
assets
Inc.,
that
share,
per
emulative
now
as
a
engine
of
$119,577;
securities
the
purchase
dividends
owns
34%
of
of
the
debentures
for
the
common
American
of
vat
Cnro.
repcrtad
charges and
owns
Airwavs
availab'c.
due
earnings
taxes,
as
approximately
Corn.
to
om
its
the
Earnings
year
$2,256,318..
10%
for
world-wide
ended
of
its
the
Past
operations,
Dec.
31,
common
calendar
but
1940,
the
esti¬
$468,404.
the
other
jigs
and
applicable
experimental
to
models
which
on
anticipated of $464,903;
Vultee
Aircraft
in
although
Division
taxable
a
profit
no
for
profit
is
stock
in
recorded
in
Vultee
of
excess
in
the
tax
assessments
undistributed
on
covering
prior
in
Cash
Notes
Sheet,
and
from
subsidiaries
Due
from
Auburn
Accrued
(hot
Central
interest
the
Investments.
Accounts
Fixed
I
—
(less
Patterns,
dies
Construction
and
jigs
entire
—V.
line,
for
come
Accounts
Sundry
1,774,008
387,173
207,604
-
120,881
38,098
131,627
131,627
997,804
-
67,284
30,469
777,689
to
883,030
1,103,788
12,015
27,856
25,000
25,000
30,875
-
—
$26, 380,365 $18,344,253
$2, ,081,697
$1,250,000
974,130
-
—
1,090,047
;
1, 323,581
—
—
Capital stock
V.
154,
of
first
prior
lien
than
16
equipment
trusts
.the
on
of
the
miles
"K"
of
"L."
and
50
cents
per
share
has
to
holders
of
1
Dec.
on
22,
been
declared
record
1941,
March
against
as
the
on
21.
25
com¬
similar
A
cents
egch
on
airport sites at estimated
defense
orders
1941
of
for
equivalent
was
the
the
year
of
share
per
the
on
outstanding in the hands of the
after deducting an amount equal'to
the outstanding 7%
cumulative pre¬
year,
value
$9.35
to
stock
common
of
end
billed
net
on
done
by
products
shipped and of other classes of
during the year 1941 is $961,240,737
during the preceding year.
amount of business booked during the year by
corporation
with
estimated
$602,202,618
net
100,000
Since
paid
unbilled
after
certain
the
the
the
for
contracts
on
of
normal
beginning
of
the
ship
in
construction
the prices
and supplies have been substantially
prevailing prior to the war, which caused
Dec. 31,
1941, of such raw materials and
war
Europe
materials
raw
level
those
the
inventory value
"supplies and certain
in
amounts
repairs.
shortly
for
above
the
as
and ship
at
manufactured
cost.
In
market
prices of
decrease in
products
order
similar
to
be
to
provide
for
materials
raw
higher
than
possible
a
and
their
decrease
supplies
and
con¬
sequently a
the replacement cost of manufactured prod¬
ucts, reserve of $13,200,000 (including an aggregate of $9,070,000 which
was set up in 1939 and
1940), equal to estimated amount of the excess
the
inventory value of such materials, supplies and products at
end of the year over their estimated
normal cost, has been set
out of income and deducted from the total inventory value.
Additions to the
properties of corporation and increases in the
5,559,511
4,706,826
$26,380,365 $18,344,253
realizable value.
(construction
U.
tFor
in
,
have, of course, increased the risk of
that additional provision should be made for such losses
contingencies, has approved an increase in the insurance
reserve
from $6,000,000 at the end of 1940 to
$9,500,000 as of Dec.
31, 1941, and a net increase in the contingent reserve from $3,567,249
42,600
13,010,001
3 ,120,017
———
-
volume and
into
the
entrance of
this country
losses.
Directors,
war
and for other
at
the
end
added
so
progress.)—
the
the scope of its activities and
believing
S.
1374.
p.
liens
lien
a
a
less
60,871
21,300
>
rational
mortgage—$95,000—on
orders on hand
Dec.
31, 1941, amounted to $1,327,500,000
compared with $1,204,100,000 on Dec. 31, 1940.
Such estimated net
billing value of unfilled orders on hand Dec. 31, 1941, Includes $991,-
1,791,749
6, ,147.473
-
♦Unimproved
these outstandingrefunding mortgage bonds,
unfilled
117,955
—
—
——
Government
refunding
up
17. 346,666
deficit
in
consolidated
-the
—
(par $3)—
Total
of:
5s, due Jan, 1, 1943;
Piscataquis
Division
first
5s;
Bangor & Aroostook Van Buren ex¬
as
128,345
—,
surplus
Earned
consist
mortgage
stock.
The
362,095
.
Inc.——
Purchase money obligation
•Capital
outstanding-
refund
corporation
aggregeated
$1,084,600,000
as
compared
with
$1,519,300,000 during the year 1940.
The estimated net billing value of the
376.107
expenses
deposits
Aircraft,
refinance
to
,
prior
made
year
the
at
compared
as
of
867,333
(including income taxes)—
Vultee
of
was
the
business
764,155
-
1!
1
declared
Customers'
819.
p.
loan to
a
successful
its
payable April
dividends
7,606,408
payable
accrued
per
1943, and $130,000 Aroostook Northern RR.
of
RR.
the
shares
2,984,994
the
Liabilities—
Accrued taxes
and
stock,
10,441,126
2,182,799
-
—
Dividends
155,
refunding mortgage will become
including equipment, except for
Northern
distribution
122,971
amortization)—
banks
1,
use
estimated
Notes payable to
$60
RR.
$500,000
the
dividends
A
mon
1,997,270
-
-
Total
at
155, p. 913.
25,393
—
(less
1,
the
branch
3,338,671
.
1—
redeemable
proposes
first
Aroostook
1943;
1,
property,
The
(net)-
amortization)
I
licenses
&
Oct.
consolidated
its
ferred
engineering, etc., expenses———
Miscellaneous deferred charges
name
Aroostook
&
event
Aroostook
46,321
{Emergency plant facilities——
Prepaid taxes, insurance, etc,
Patents, and
for
company
through
issues,
IO9" 761
Deferred
Trade
collateral
as
which
1947,
road is
the
2,223,824
—
The
of
to
1940
to
reserves
$7,535,881
the
of
of
as
deducted
were
requirements
Dec.
from
National
31,
1941.
The
amounts
income.
Defense
Program
for
iron- and
steel
products, ordnance and ships and for facilities for ship repairs
naturally increased very substantially during the year and the
participation of corporation in work for such program has likewise
have
Axton-Fisher Tobacco Co.,
The
a
income
net
realized
the
for
1941,
after
Inc.—Earnings, Etc.—
taxes,
from
was
of company's products.
The
preceding three years as follows;
Year
Net Sales
1938
$294,150
which
the sale of leaf tobacco
blends
the
with
for
profit of $175,271
operations
year's
required
compare
Inc. Taxes
Net Income
$194,801
19.305.993
149.534
19.170.720
154.986
*451.881
16,934,942
—
130,000
1294,150
-.
♦Exclusive
of
Federal
processing tax refund on business
{Inclusive of profit on sale of excess leaf tobacco.
The
decline
nearly
the
in
sales
of
three-fourths
of
Twenty Grand Cigarettes,
the
of
ing
the
to
cigarettes and
prosperity which has caused
to
lower
higher
believe
prior
account
priced
by
the
rapidly
increasing industrial
habits from the
products.
reports
trend,
of
the company's business during recent years.
Several new
experienced executive, wex*e placed on the staff, a considerable amount
of
obsolete
and
inefficient
machinery was replaced with new equip¬
ment, inventories of high quality leaf tobacco were acquired to permit
the production of quality
cigarettes, and several new products, with
reasonable profit possibilities, have been developed and are now
being
tested in various marketing areas.
.
■
As
another
enabled
consequence
of the change in the ownership of the
of the class
"B"
common
stock,
the
company has
been
to develop a recapitalization program which calls for sub¬
stantial
cash
majority
stock
and
holders
payments
which
at
the
early
an
holders
the
to
company
hopes
of
the
to
be
preferred
able
to
and
class
submit
to
"A"
stock¬
date.
less
Sales,
•Cost
returns
14.413.429
—
administrative
The
and
general expenses
—
2.363,688
profit
income, less other expenses-
Total
$157,825
5,054
Profit
on
of
sale
applicable
>'
—
State
taxes
leaf
is
on
(less
Income,
$86,000
$162,879
estimated—
estimated
taxes
thereto)
$294,150
-
on
preferred stock.
159,030
:
profits
No
■_
a
provision
taxes.
<9\ The
amount of $119,083.
1941,
of
certain
in
to
the
in
included
$135,120
:
believed
above
to
be
accounts
required
include
on
Federal
depreciation
excess
in
.
the
further
and
in previous aqnual
"the'additions and
of
nature
1941
and
be
to
are
made
to
'
,
for additions
during
made in
is
and
$4)3,100,000,
Iron
improvements to properties
the
next
that
1940
for
Code.
of
including
properties
ore
therewith
connection
amortization
four
and
which
it
$25,500,000
the
for
transportation, faelliis
expected will bs
years.
the
expenditures for additions and improve¬
approximately $46 000 000 will be subject
tax purposes under the provisions of the Internal
1941
or
"
'
amount provided in 1941 to'aihortize the cost of emer¬
facilities is $12,950,000, of which, it is estimated,
$2,500,000
gency
will
be
allowed
excess
In
as
profits tax
addition
end of
deduction
a
from
income
purposes for 1941,
the construction work
to
for
above
1941
at
Federal
income
mentioned,
and
to the
certain other facilities
up
steel
the
$72,000,000 had been expended for
plants and shipyards of corporation and on addition0!
leased for the purpose which are being paid for and will
by the United States Government and will be subject to
•properties
be
owned
removal
bv
in
cases
some
it.
Such
op
facilities
rental
a
will
hads.
be
operated
The
by
estimated
the
cost
Jan.
1,
1942,
corporation
corporation,
of
as
Dec.
31,
$35,000,000.
was
entered into contracts with the
U. S. Government for the construction of
additional shipbuilding facili¬
ties
at
estimated
an
cost
of
has
$45,100,000,
contracts provide that
Such
these facilities will be paid for and owned bv the U. S. Government and
will be operated bv the
corporation.
the
of
contracts
existing
with
shin
$9,050,000.
on
owned
of
to
U.
Government
S.
the
for
these
Government
and
also
has
extensions
corporation
contracts
corporation
Corporation
cornnrrt
Plant
on
be
S.
yards of
such
1942.
Plant
the
corporation,
•auxiliary
will
the
1.
contracts
Defense
U.
Corporation
at
an
extensions
entered
t.6''certain
of
estimated cost
will
be
paid
for
the corporation
operated
by
entered
i"to
basis.
Defense
pi a "Is
the
reoair
Under
bv
rental
a
Since Jan,
based,
Notes—(1)
he
additions
The. total
the
Cr. 175,271
income
paid
against
has been
as
as
made
were
31,
use
Revenue
44,000
income
will
other
avoiding a disclosure
the country, directors
corporation.
exnect.ed
ments
such
Net
used
of
of
during 1941 amounted to $42,127,091.
The esti¬
comp'eting the construction authorized and in progress
of
Dec.
for
and
income
and
the
development
into
Operating
Federal
be
information
corporation
expenditures
cost
of
to
production
completion
importance
corporation
mated
It
the
the
of
might
which
of
cash
the
Since
$16 934.943
——
of sales
Selling,
the
of
properties
ties
Such
country.
with
view
1941, of completing such facilities for the Government
Statement of income, Year Ended Dec. 31, 1941
.
such
or
expended
During 1941 a majority of the class "B" common stock was acquired
by Transamerica Corp.. As a consequence, an intensive program has
been inaugurated to lay the foundations for
reversing the downward
corporation
the
future
this report should not set forth any details as to the
the participation of the corporation in the National Defense
of
Program
improvements
which
by
of
the making of major addi¬
steel plants and
the shipyards
resulted in substantially increas¬
of materials and ships essential
the
already
that
.extent
marked shift in buying
a
the
information
as
standard price
since
in
which
during the past year by various factors including primarily the dis¬
advantageous tax position of economy price cigarettes as compared
with
interruption
effort
war
reauired
both
at
have
In
of
without
which
production
the
has
program
improvements
increased
company's total business, has con¬
1938 and in fact was accelerated
tinued
Such
and
corporation,
of
620-334
1941—
tions
of
improvements.
$729,451
-
1940
years.
increased.
includes
not
$21,026,461
—
Surplus
all
In
15,327
....
progress
♦Land
Goodwill
1940
75,459
•
'
S. Government-
(less
Jan.
due
5s,
public
:'
——
in
share,
$13,347,472.—V.
tension first 5s, due Jan.
774,378
depreciation)
work
for
Eugene G. Grace, President, states in part;
The net income of corporation for the
year
1941 was $34,457,796
as
compared with $48,677,524 for the preceding year.
The net in¬
80
receivable
receivable
receivable from U.
assets
used
Bangor
maturing
first
1,887,752
—
consolidated)-
accounts
be
Bangor
$1,250,000
1,136,299
—
and
total,
obligations
$3,360,000
$1,419,562
Manufacturing Corp.
Inventories
notes
would
The
$3,470,779
__
(net)—
dividends
and
share
obligations.
314,536
—
receivable
accounts
stock
years.
1941
hand
on
B
Bethlehem Steel Corp.—Annual Report—
Nov.
special bank accounts
Due
Due
class
The company has applied to the ICC for authority to
nominally issue
additional $8,000,000
consolidated refunding mortgage 4%
bonds
profits.
Balance
,v<jar
after
into
plus accrued dividends), $454,650; Class B common capital stock
$1,120,120;
paid-in and other capital
surplus,
$67,489;
Bath Iron Works Corp.—50-Cent Common Dividend--
Assets—•
Cash in banks and
at
,.
$10),
which
{{Loss.
Consolidated
,
.
April I, July 1 and Oct. 1, 1941.—V. 155, p. 635.
directors at Dec. 31, 1932.
ttAdditional Federal income
surtax
trade-marks,
consoli¬
from sale of securities previously segregated
for
special distribution to stockholders in compliance with the Air
Mail Act of 1934, over written-down book value thereof as determined
§§Including
and
an
♦-Excess of net proceeds
by
brands
Bangor & Aroostook RR.—To Refund Liens—
respect of this transaction.
and amortization of fixed assets.
stock
com-
convertible
share
in
([Depreciation
items;- $26,983;
$13,347,472.
payable,
banks,
$3,450,000;'
accounts
payable,
$179,167; accrued liabilities, $37,317; provision for Federal, and State
taxes on income, $149,954; 6% cum. preferred capital stock
(par $100,
redeemable
at
$105
per
share
plus accrued dividends),
$1,413,600;
class A common capital stock (cum. dividend $3.20 per share,
par $10,
ex¬
and
resulted
items
engineering
loss on sales
provision for Federal income tax
for Federal income tax arose from the sale
$80,814
which
Inc.,
accounts
deferred
longer
no
of
assets
from
Dividends
„
American
to
com¬
conversion
into
$36,760;
contract,
airport sites
unimproved
balance,
and
The provision
net
Aircraft,
(net)
.
of
dies
patterns,
production orders are
Other
result
during
which
1941.
company's
provided
was
property and equipment leased to
liquidation of various non-aviation assets
commission received from Vultee Aircraft,
aircraft
write-off
of
of $54,327.
loss
other
-
$0.07
1938).
and
penses
of
$20,542;
cost, $336,286; total,
Liabilities—Notes
$187,909
Nil
of
write-down
value,
$0.02
$458,402.
sale
on
of
less
realizable
§Consists
of
Interest,
(par
$88,350«$2,238,049
$0.42
profit
$587,981,
and
Airlines, Inc., for the 11 months
ended
Nov.
20,
1941,
according to
unaudited
figures
as
reported
moprhlv to the Civil Aeronautics Board, were
$2,452,633, after pro¬
vision for taxes, as compared with
$1,858,550 for the entire preceding
calendar
§600,043
Nov.
taxes, compared with a
period from Mav 1, 1940. to Nov.
30,
were $3,722,940, compared with $1,130,790 for the
months' period.
On Feb. 5.
1«42, Auburn Central
seven 1
represented
the
501
Manufacturing
Central's
dividend
a
$97,733,806,
than
$115,338, after
$100,487 for the
Net
outstanding
the
of "participating stock
the
founders
stock
so
equally
Shipbuilding
of
This
shares
after all charges and taxes,
compared with
preceding year.
During 1941 dividends of $3 per
the founders and participating stock, respectively,
were
were
preceding
paid
on
Central
Auburn
1941,
net
also
are
$3,074,533.
rrmrft
Auburn
"30,
participate
York
the
paid
were
Slightly
of
approximately .59#
Shipbuilding Corp:
York
are
concerned, and
represent approximately
New
were
$2,334,261
Gross
owns
New
which
Corp.
earnings
share
of
dividends
as
Aviation
'31.
Corp.
stock
voting rights, but'there
outstanding,
far
compared with
$1,400,645 for the preceding 12
ended Dec. 31, 1940.
Net
sales were $95,529,051
for
period, compared with $9,349,550 for all of 1940,
period
sole
tCr468,404
—
{Excluding depreciation, amortization and taxes aggi*egating $275,767
for
approximately
with
collateral,
subject
to
foreign
exchange
at face value of collateral, $8,959; property, plant and
at ,cost; $1,252,416; insurance, $27,519; advertising, supplies
expenses,
$57,353;> repair and renewal supplies, etc.,
$66,625;
equipment,
on
assignment
on
($361,830
$34,057,207,
were
taxes,
months'
'founders
■
for
with
Aircraft,
tt57,000
__
—
and
the
in
year
mated
approximately 751
of the outstanding
Aircraft, Inc., including holdings acquired
net earnings for the fiscal vear ending
charges and taxes, were $3,100,735, compared
all
(less
average
earned,. $6,475,176;
Inc.,
Vultee's
after
31,262
**Crl54,254
tax-
$436,079; profit on
acquired in 1939, $115,141;
year,
standing common stock of Consolidated Aircraft Corp., acquired in
December, 1941.
The fiscal year of the company has been- changed
to end on Nov. 30.
During the period of 11 months ended Nov. 30,
1941, net profit of Consolidated
Aircraft
was
$8,024,882,
after all
charges
§§4,100
20,381
_______
others,
owns
Vultee
1941.
$374,457
Vultee
now
of
1941,
compared
4,000
59,515
to
—„—
1933
Aviation
Nov.
245,908
725,000
per
share
stock
tConsists
follows:
common
129,248
11326,310
s
of
aircraft engines,
propellers and precision parts,
and the
construction of
naval vessels,
and therefore was not, in effect, the
type of corporation intended to be made subject to the terms of the Act.
accounts
178i362
422,560
and
sale
1941
$2,051,498; in¬
cost, $8,539,789; merchandise and/or cash with
salesmen, $45,242; funds, accounts and inventories in countries out¬
side
the
Americas, which may not be currently collectible, $33,381;
and
377,188
items
♦Depreciation
that
aircraft,
1
1,282,158
voting rights.
Investment
opinion
1,519,396
for¬
Exemption Under Investment Company Act.—The Aviation Corp.,
after full
hearing before the Securities and Exchange Commission,
last September received an exemption from the terms and
provisions
of,
1,240,065
tax—
income
profit
capital
at the Lycoming Divi¬
they approach completion.
as
$2,422,113
stock.
him
Propeller
own.
National
any
Aeronautics
Aviation
by
the
of
of
or
common
were
its
investment
shares,
shares
to
the
$1,863,733
1,381,521
applicable
Earnings
propellers
converted
was
of
plants
new
consisting
193,769
Airlines'"'outstanding
American
of
Inc.—The
Inc.,
debentures,
maturity^
the
to
pilot plant
new
manufacture
31,
Dec.
receivable,
$326,042
tax
normal
Fed.
Other
Aviation
a
accounts
386,528
$923,527
gen'l
inc.
Extraordinary
stockholders'
approval
of
a
acquired certain of the assets of Aviation and Transportation Corp.
exchange for 1,099,201 shares of its capital stock.
The Aviation
Corp. thus acquired 100,356 shares of common stock and 8,468 shares
in
$1,477,206
minority interests.-—
in
shares
at
248,224
deductions
Portion
other
some
or
enterprise
Corpi,' following
pf
ventories,
$77,818
for depreciation-
Prov.
dated
consolidation
merger,
Consolidated
effect,
and
stock.
through
Vultee
conducted,
..
to the extent
225,000 addi¬
or
tional, shares of its common
•
*4,896,556
202,064
exps
than
Federal
the public
sale
of
240,000 shares of Vultee's cumulative convertible
preferred
stock.
Vultee also paid $1,500,000,
obtained through a bank loan,
on
admin,
total,
-
addition,
{3,223,961
$721,463
;
Sheet,
Assets—Cash and demand deposits, $880,880; accounts receivable
for cash discounts and doubtful
accounts),
allowance
$5,360,411
income
advertising,
and
Net
bank
$2,000,000
16.
financed
1938
State, local & Fed. taxes,
to 45 cents per share of its capital stock,
Major Corporate Developments—On Dec. 19, 1941, Vultee Aircraft,
Inc., a majority of whose common stock is owned by The Aviation
Corp., purchased 440,000 shares, or approximately 34% , of the out¬
standing common stock of Consolidated Aircraft Corp. at a cost of
$10,945,000.
As a part of the transaction The Aviation Corp. in¬
creased
its
investment
in
Vultee
by purchasing
150,000 additional
shares of Vultee common stock for 81,500,000 utilizing for this pur¬
pose
Balance
.
restrictions*
Sell.,
Dec.
.
$4,766,898
prof, from sales
Total
equivalent
does not
reflect
the
Aviation
Corp. has substantial investments, in some cases representing more
than a majority of the voting stock,
Subsidiaries whoe accounts are
not
consolidated
are
Vultee
Aircraft, Inc.,
New York Shipbuilding
-Corp.
and Auburn Central Manufacturing Corp.,
Other companies
in "which the corporation has substantial investments, and which are
not subsidiaries, are American Airlines, Inc., and Pan American Air¬
ways Corp.
The Aviation Corp.'s equity in.the undistributed earnings
of'the subsidiaries not consolidated was equivalent for, the 1941
Results—The
fiscal year
30
13,913,741
—
income
Other
plants, number of employees, and other data of operations.
42 "cents
Nov.
1939
$3,301,779 %$6,373,762
$5,235,440
4,513,976
593,513
sales
Gross
regu¬
to omit certain pertinent informal
expansion of facilities, locations of
company
tion
compelled
regarding unfilled
Financial
Years, Ended
1940
$18,680,639
—
importance.
Precautionary
lations,'have
to
Income'Account,
1941
Net
Mondayj March 16, 1942
;
tinn
those
at
and
will
nroUnCtjon
facilities
from
on
approximately
"nd
te
t.h°
35
(Vo
estimated
will
subiect
be
.
be
to
leased
such
use
pirn
to
paid
an
it
facilities
made
years,
remrvval
of
part by the Defense Plant Corporation.
of
for
ontion
for
i"
or
p""h
and
of
ft
the
ease
icrm
e"rUar
jHpr,
at
of
steel
Und°r
owned
bv
mirchase
the
Tv"*
to.
at.
$54.772 000.
operation
them,
subject
nf
cost
with
contracts
for' additional' facilities
an
facilities
Cornoration.
has
tho
granted
rental
a
of
certain
th®
lease
termination
W
in
irj
n'ho^a
o"
Upon the completion of ,tfrQse
•Volume 155
i
facilities
the
capacity of
annual
estimated
total
compared with $41,345,349 for the year 1940.
Such
includes
$13,733,310 for unemployment, 1 old age
taxes for 1941 as compared with $8,156,978
as
amount
railroad
and
retirement
provided for Federal income and excess profits
taxes and other taxes based on income for the year 1941 is $85,300,000.
1940.
lor
amount
The
of the steel * plants of the corporation for • the year
averaged 101.5% of their rated steel capacity as compared with
Operations
1941
93.3%
nection
1942, was
1,
with
and
the
in
which
of
settlement
such
such
actions,
part
being
exclusive of interest
including interest,
was
credited to surplus in 1941, and the aggregate of the amounts
allowed by the court for fees and disbursements of counsel, attorneys
and accountants in the action was charged to surplus in that year.
the
amount
for
the
The
stated.
above
as
judgment
amount
of
entered
was
judgment,
such
Statement
Income
for
Calendar
Years
J
*
U.
S.
of billings
"Cost
$
961,240,737 602,202,618
742,813,891 453,560,305
shown above———^
Contingencies
-
.
1—-
24,104,707
12,950,000
corporation's plant
(the
Pensions
1,052,364
13,653,175
9,457,899
550,000
Net
other general exp.
administrative and
operating
:——%
—
19,729,211
124,714,595 179,277,767
1,009,198
893,207
income.
income
293,979
8,096,973
17,765,090
525,039
20,314,106
—
—
Unemploym't, old age <fc railroad retir. taxes
(except taxes deducted below)
Doubtful notes and accounts receivable-,..-
All other taxes
Other
1,000,000
3,500,000
Insurance
Selling,
7,070,000
4,000,000
_■—
—
23,384,254
1,500,000
4,130,000
—
_
—
on
deferred
receivables
estimated
to
125,723,793 180,170,974
Interest orl .funded debt———....
—
5,282,346
6,762,422
Amort, of disc't & commissions on sale of bonds
247,054
402,172
Other interest
90,473
70,076
Rental equal to 4% on stock of Cambria Iron Co.
338,688
338,618
Minority interest in the net income of Johns¬
town Water Co..—*
;
—
2,436
4,344
Premium on bonds purchased for sinking fund
5,000
38,500
income
Net
taxes based on inc. 119,757,796 1 72,554,842
—.
—
24,500,000
16,386,758
profits taxes
58,000,000
6,000,000
before prov. for
inc.
Federal
income
Federal
excess
Other
——
-
taxes
taxes
:■
..
—
account
$351,514,146
""■At
installment
(less
contracts
and
reduce
to
reserves
dividends
Preferred
—
—
2,800,000
11,490,560
34,457,796
6,537,209
17,909,964
'
48,677,524
6,770,680
14,924,970
i———___
:
dividends
Common
——,
1940.
cost
Surplus
10,010,623
common
stock outstanding—...—.—
share.
per
26,981,874
2,984,994
2,984,994
$9.35
——,
of
Earnings
$14.04
for depreciation of certain classes of equip¬
including provisions shown next below. tRestated for
purpose
of comparison.
tExcept such as is included in cost of
billings above.
Consolidated Balance Sheet, Dec. 31 "•Including
value
(quoted
Miscellaneous
1941
"Property,
market
value:
The
Prepaid
ments
cents
have declared
stock,
dividend
a
155,
were
follows:
as
March
and Dec. 29, 70 cents.—V.
each;
of
10
cents
provision
1941
-
T.
S.
Treasury
deposit with mortgage trustees
tAccounts and notes receivable (less reserves:
"Cash
on
1941,
$2,531,000;
1940,
$1,694,895)
receivable
lAmount
Inventories
——,—
—
—
capital stocks of and advances
to subsidiaries not consolidated
investments in capital stocks of and advances
Investments
to
155, p.
the
on
28, and Sept.
820.
Bishop Oil Co.—Earnings—
income
{Net
profit
tAfter
cost
wells
all
and
charges
29,
10
leases
abandoned
"■Preliminary.—V.
Bond Stores,
Period
End.
154,
Feb,
28—
155,
$437,051
23,159
309
692.
p.
depletion, depreciation and
after provision for Federal
^Sundry
([Property
corps.
(50%
or
securities
account
Discount and commissions on
■""■Reserve
63,589,703
2,830,856
1,809,016
fund
assets
less owned)..
the
stock,
—
—
sale of bonds
I
2,813,997
declared
6
$5,
par
cents
during
each;
special of 20
Oct.
1941
1,
50
cents.—V.
were
April
of
1
follows:
as
and Dec.
cents;
154, p.
3,467,707
Co.—Annual
share
per
holders
record
of
10,
July 1,
50 cents regular and a
April
1
and
1050.
Montague,
of 19.5%
Report for
Nefcincome for
1941
representing
$1.88
outstanding
among
sales
on
and
liabilities
25,069,557
3,689,918
124,976,955
Advance
Accrued
38,942,534
1,343,974
50,265,247
compensation and pensions payable
one
year
—
1,675,000
1,328,000
incentive compensation fund
2,005,521
1,801,899
Indebtedness to subsidiaries not consolidated..
1,037,964
1,114,757
Serial
bonds
and
sinking fund installments
payable within one year
4,000,000
5,112,000
Bonds and stock called for redemption.
714,152
1,604,247
Preferred stock dividends payable
1,634,302
1,634,302
Funded debt and stocks of Cambria Iron Co.v
and Johnstown Water Co. in hands of public 181,778,095 185,774,684
Accident
compensation and pensions payable
after one year
:.
—
3,598,292
3,546,995
Contingent reserve
:
7,535,881
3,567,249
Insurance reserve
9,500,000
6,000,000
7% cumulative preferred stock ($100 par)
93,388,700 93,388,700
Accident
+
fCommon
stock
—•
Surplus
283,574,430 283,574,430
106,902,394 96,252,049
were
increase
an
Totalrrrr^82;608il94--763,724>34;:
deferred re
3,187,320
856,677
6,562,873
6,174,698
65,950,560
65,950,560
13,563,371
—
—,
—
:
——
13,674,793
21,370,825
19,248,568
145,085,G32
126,319,215
■
-
—
—
depreciation of $52,905,560 in 1941 and $51;165,018
for
Scrymser
»Real
.
-
,
$8,270,572, equivalent of 3.2% on sales and
share on the 4,396,704 shares of capital stock
was
per
Cash
as
S., State,
Total
(5,100 shares)—
—
year.
50,175
.
— .
433,870
bonds.
and other
municipal
'
—
.22,377
—
$1;&88,804
Liabilities—
Accounts payable
Accrued
Federal
——
—
expense
taxes.
$40,521
-
—
;
—
% 189,23 9
Reserve
—^1
—
stock
924
b ' 58,113
——
Surplus
/
:
—_
—
,
—,
3oo,o27
1.000,000
——
—
1940
representing $1.72
Taxes
the
492,361
,154,881
—
-
TOtal
of
end
$269,575
——
v
165,566
Treasury stock
Capital
the
at
per
—
This
stockholders
1941—
,
inventoryNotes and accounts receivable
of $7,582,617, equivalent of 3.5%
share.
$8,593,518.
This exceeded net income
48,635
net income for
a
Co.—Balance Sheet, Dec. 31,
estate, plant and equipment—
Accrued
per
for
1941
aggregated
represented $1.95 per share.
In 1940 taxes were $6,477,171. Dairy
purchased from farmers, wages and salaries of 26,903 em¬
ployees, and taxes took $183,862,287 of the 1941 sales revenue.
"The improvement in sales,"
said Mr. Montague, "can be ascribed
products
to
the
new
general acceleration in business activity, to increased sales of
to somewhat higher prices, and to our direct participa¬
products,
tion
in
the
defense
by
effort.
Federal
the
lend-lease
Large
recent
quantities
Government
the
for
of
dairy
products
were
and Navy and
Army
for
program.
"Continued diversification of
•—
— — ——
$1,588,804
—
of $524,841.- -V. 154,
"■After depreciation
1374.
p.
The
years.
results
system
net
products has had constant attention in
of
the
addition
of
products
new
milk.
and
"Expansion of other activities has resulted in a considerable decrease
relative importance of the operation of the Fluid Milk Division.
This continued emphasis on diversification, both product-wise and geo¬
graphical, has placed the company in a much more favorable position,
and has lessened its dependence on any one particular activity."
and
continued
returns
{Expressed, in United States Currency]
unsatisfactory in
larger
the
Gross
Operating expenses
Net
—
1,742,323
$3,292,290
1,589,507
$1,983,189
$1,702,783
rates
will be subject
up.—V. 155,
made
are
radical changes in milk delivery everywhere may be
by this war," said the report, which had in mind the
amortization)
deprec. &
results as shown in dollars are taken at average
of exchange which are necessarily to some extent arbitrary.
All
Note—The operating
figures
cities, such as New York and Chicago.
———.
(fefore
earnings
1941
1942
$3,725,512
from operation—
earnings
|
—
Month of January—
in the
sales
Cd., Ltd. (& Subs.)
Brazilian Traction, Light & Power
the
,
milk
%
output of this company, as reported to the Edison
Institute, for the week ended March 7, 1942, was 30.262,000
k.wh,, as compared with 27,527,000 kwh. for the week ended March 8^
1941, an increase of 9.9%.
A gain of 7.3% over a year .ago was
reported for the preceding week, while two weeks before the gain over
the same period in 1941 was 15.3%.—V. 155, p. 820.
The
Electric
intensive promotion of the older ones are now being satisfac¬
torily reflected in sales and profits derived from operations other than
Fluid
Co.—Output Up 9.9%—
Edison
Boston
more
to final adjustment when the annual .accounts
i
635.
p.
"Startlingly
necessitated
rubber
"Just
situation.
tire
clear,
altogether
but
to
least
at
will
what
happen
this
writing
delivery
service
not
is
curtailment
some
of
at
unavoidable.^. The Borden Co. has been formulating plans to meet
seems
exigencies of the
our customers."
The
and to
situation
provide
the
maximum
service
Mr.
recounted
Montague
for
intensified
and
company's
pointed out,
war
will
meet
meeting
war's
the
were
research
"making
available
new
.
field
part of
on
or
company's needs in its own expansion in
human and animal foods.
"The Borden
the
the
Co.
sell vitamin capsules or tablets," tha report reminded,
supplies the concentrates for their production and for the manu¬
of vitaminized foods by other companies."
Stress was laid on
"but
food
the
dollar,
Borden
paid
out
47.4%
23.6% for many other
for depreciation.
Theie remained profits of
from which dividends were paid td stockholders who reside in
State and Province and in a few foreign countries, as a return, on
to
costs
3.2%
Mr.
2.4%
invested in the business.
group
$45,023,700.- More
insured under this plan.
the
report
demands
supply
with
said
customers'
$
212,038,654
9,219,509
7,812,446
464,604
490,891
460,130
9,064,951
9,710,400
8,272,576
3,491,695
1,434,614
1,708,404
1,602,889
51,232
47,720
22,159
28,483
8,270,572
7,582,617
7,979,838
dividends
6,148,316
6,155,386
6,155,386
2,122,256
1,427,231
1,824,452
485,819
19,248,568
17,821,337
20,207,823
19,722,003
21,370,825
19,248,568
17,821,337
declared on the common
March 16. A like amount
paid on June 30, Sept. 30 and Dec. 29, 1941, as compared with 50
cents per share previously each quarter.—V. 152, p. 3172.
4,396,704
4,396,704
4,396,704
4,396,704
$1.88
$1.72
$1.81
$1.51
surplus
to
Drt4,210,938
reserves—
com.
standing
stock
out¬
$15)
share
(par
per
—
"■After cost of sales and expenses,
$6,016,187 in 1940,
and insurance, taxes
including depreciation of $6,194,109
$6,226,193 in 1939, and $6,183,922 in 1938,
and all manufacturing, selling, administrative and
miscellaneous operating income.
tFor
purchase of employees' deferred retirement annuities, based on service
prior to July 1, 1939, $3,750,000; for adjustment of U. S. dollar equiva¬
general expenses after deducting
of
Co.—To Pay 50-Cent Dividend—
directors have
The
stock,
common
March
a dividend of 50 cents per share on tlie
payable March 25 to holders of record
1941 were as follows: March 25, June 28
declared
par
no
value,
Payments during
17.
30, 50 cents each;
and Sept.
and Dec. 24, 75 cents.—V. 154, p. 1629.
Received—
Company reports having received an
Transportation Co., Philadelphia,
Pa.,
motored Brill trackless trolley coaches,
order from the Philadelphia,
for 10 40-passgnger single-
New Vice-President Elected—
J.
Charles
Monroe
as
a
of
Utilities
&
Power
Light
assumes charge of manufacturing
located in Philadelphia.—V. 155, p. 692.
immediately
be
will
of Ronald R.
recantly was
Corp., Chicago,
Hardy, President, announces the election
Vice-President.
Mr. Monroe, who until
Vice-President
Executive
and
purchasing.
British-American Tobacco Co., Ltd.—To Act on
Divi¬
Semi-annually Hereafter—
dends
given that after the interim dividend payable on
board will discontinue the practice of declaring
dividends on the ordinary stock of the company.
The intention is to declare interim dividends half-yearly, payable on
March 31 and Sept, 30, and to pay with the first interim dividend pay¬
able on March 31 any final dividend which may have been declared
in respect of the preceding year.
See also V. 155, p. 595.
net
current
assets
of
foreign
countries
on
Dec.
31,
1939,
-
has
Notice
March
been
the
1942,
31,
interim
quarterly
directors
have
declared
Dividend—
Corp.—25-Cent
Investing
Street
Broad
a
quarterly
dividend
of 25
cents per
stock, payable April 1 to holders of record March
20.
Payments during 1941 were as follows: Jan. 2, 45 cents; April 1,
July 1 and Oct. 1, 25 cents each; and Dec. 24, 47 cents.—V. 155,
share
p.
surplus
#460,938/
share has been
40 cents per
dividend of
was
The
Balance,
in 1941,
154.
20,207,822
oper._
income
Earnings
155, p.
Bridgeport Gas Light Co.—40-Cent Dividend—
A
6,155,386
surplus
taxes, est.
prop'ties
on
exp.
Shares
of profits.—V.
6,641,205
etc.
$
$
11,348,895
(net).
not essential to
Total
Inc.
stock, payable March 31 to holders of record
He
11,813,499
Approp's
Export Corp., the Hayes Air¬
1938
1939
8,578,531
486,420
income
Previous
Brewster
Miranda Brothers,
and
Corp.
alleges that Alfred J. Miranda,* Jr., and his associates
the affairs of the Brewster corporation and deprived the
suit
dominated
111.,
Calendar Years
1940
$
——
profit
operating
Common
The
(J. G.) Brill Co.—Order
insurance reached an all-time
of the eligible employees were
259,128,515 216,795,851 208,789,251
Sales
Net
officials of the
Accessories
craft
regard to war requirements: "However great
company will
furnish its portion of the
1941
Other
losses
their
requirements of the Government."
"*Net
and
was
the
1942,
in
every
lend-lease and the armed forces and endeavor to meet its
needs as heretofore, its service to them being subject only to
for
poration
tion
.
life
than 90%
that
said
Montague
fendants
in
vitaminized and mineralized malt
a
sales
farmers, 20.1% for payrolls, 3.3% for taxes,
operation,
In Suit—
stockholder's
minority
Briggs Mfg.
of
of
savings
1939.—V. 154, p. 147.
suit for an accounting of approximate!/
alleged to have been suffered by the corpora¬
filed Feb. 26 in the New York Supreme Court.
The de¬
in the action are certain officers and directors of the cor¬
.
.
distribution
the
of Hemo,
introduction
product.
In
1940, and on May 19,
Brewster Aeronautical Corp.—Named
A
$10,000,000
Its activities in this direction
facture
the' recent
like
corporation
large scale.
a
fortificatipn of
vitamin
$5, both payable May 20 to holders of. record April 30. An
amount was paid on May 20, last year, as against extras
par
of
diversification program is Borden's entrance
of the
phase
vitamin
the
in
that Borden's extended
is won, and the transition from war
activity begins."
major
into
part
also,
services and.new activities to help maintain employment
production to peaces
new
when the
the
and
products
products,
more
emergency,
war
diversification
time
stock,
extra
of 25 cents each on May 20,
than ever, imposes a duty upon
all groups in the fluid milk industry-—management, labor and farmer
alike.
They must cooperate in making milk available to the public at
reasonable prices commensurate with the service performed."
present
demands
Brewers & Distillers of Vancouver, Ltd.—Extra Div.—
The directors have declared an extra dividend of 10 cents per share
and the usual annual dividend of 50 cents per share on the, common
emphasized:
report
"The
lent
—
1,500,000
reserves
155, p. 498.-
Merchandise
within
Special
329,744
2,545,185
,
-
and
Maint.
(trade)
payments received on sales contracts..
4—
of
sales
1941—Total
$259,128,514 in 1941,
1940 sales of $216,795,850.
over
compared with
2,820.044
2,545,185
,
par)
—
reserve
1940.—V.
U.
subsidiaries, according to the 84th
made public March 9 by President Theo¬
annual report,
dore G.
Federal,
LiabilitiesAccounts payable
in
2,989,066
3,357,881
11,833,716
-
—
———————
Prepaid items
Borden
4,252,347
3,985,833
3,868,405
surplus
9,399,238
5,015,567
_1
——
_■
Assets—
cents
40
to
the company and its
862,608,194 763,724,034
Total
($15
surplus
Dividend—
dividend
a
payable
Consolidated Income Account for
3,844,424
3,759,396
456,524,027 459,278,980
2,990,445
3,237,499
stock
"Alter
$4,390,442
accounts
annuities
Capital
1942—2 Mos.—1941
$9,252,368
17.
Distributions
40
Corp.—40-Cent
March
on
common
March
the
2,108,099
Capital
12,528,976
—
.
Borg-Warner
The directors
on
1
126,319,215
1
—
and other operating
Borne
The
139,431,923 135,065,177
tirement
Insurance
Total
$2,056,734
939,747
.
145,085,632
•—
liabilities
Earned
1942—Month—1941
$3,258,783
2,908,644
67,220,328
«
Contingency reserve Special contingency reserve——
Reserve for purchase of employees'
Inc.—February Sales—
Sales
—V.
1939
*1940
$469,406
and
..
,
——
'
■
payable
accrued
Other
954.
p.
—
——
Accrued taxes
55,162
including
3,209,262
69,378,011
902,581.
1
-
—
—
accounts:
Accrued
$585,206
„
———.
deducting
of
taxes,
■'
*1941
17,895,422
•„
equipment—.-
,————
—
Accounts
Pay¬
/■
.
Calendar Years—
peak of
in
mining
ore
$
84,027,279
17,952,660
deposits in banks
notes
$
80,247,814
37,285,000
2,889,830
111,011,811
Assets—
Cash, demand and time
U.
1940
and
etc.
Liabilities—
share
per
June
28,
4.412,912
12,794,347
28,695,550
market—
or
assets, less reserves———
plant
items,
Non-current
Gross
cost
820.
p.
payable March 28 to holders of record March 20.
inM941
of
lower
Trademarks, patents and goodwill
shares.—V.
par
Son, Inc.-—10-Cent Common Dividend—
directors
common
4,489,075
18,089,718
the
Inventories—at
1940, $3,578,775).
no
-
market
i
—
Total
not
but
ment,
20,147,814
——:
Receivables
values
*\
,
market
quoted
or
{{Represented by 2,984,994
does not make
Shares
1940
20,321,433
—
—
value
mort¬
book
1941, $792,000; 1940, $1,236,850.
for depreciation of $387,732,977 in
reserve
in
of
lower
1941, $3,908,132;
A
income
Net
31
1941
Cash
of
account
realizable values:
([Property
and
estate
real
the
Total
£>ec.
Sheet,
$
for
*
JDepreciation and depletion
Amortizing emergency facilities
Possible decreases in inventory value
Balance
Marketable securities at lower of cost or
balances
and
fluid
for—
Provisions
Consolidated
and
Government.
S'Unpaid
gages
1940
$
««
"
(excl. billings between corps, incl.)
Net billings
1941, $2,531,000; 1940, $1,694,895.
of expenditures on facilities installed
jln -respect
„
the
1941
bonds
on
Assets-
required
Consolidated
payablb*
prices
tLess reserves:
Bird &
capacity
(ingots
and
castings)
of corporation
12,700,000 net tons per annum, an increase
during 1941 of 850,000 net tons, which resulted in part from the con¬
struction of five open hearth furnaces" and in
part reflected actual
capacities of
existing furnaces demonstrated for the first time
in
1941.
The rated capacity for the production of coke was increased
to 7,560,000 net tons per annum and 'for the production of pig iron
to 8,544,000 net tons per annum, effective in both cases Jan. 1, 1942.
The
monthly average number of employees of the corporation in
the United States receiving pay in .1941 was 165,678 as compared with
118,439 in 1940.
The number of such employees receiving pay in
December, 1941, was 192,886.
The average earnings per hour of such
employees in 1941 was $1.07 as compared with 94.1 cents in 1940.
Such employees worked an average of 39.5 hours per week in 1941
as compared
with 36.6 hours per week in 1940.
On Feb. 16, 1942, the U. S. Supreme Court affirmed the decisions
made on June 18,
1940, by the U. S. Circuit Court of Appeals for
the Third Circuit
in the
litigation between Bethlehem Shipbuilding
Corp., Ltd., and U. S. Shipping Board Merchant Fleet Corp.
Those
decisions affirmed
the judgment entered on Dec. 27, 1938, in the
U.
S.
District
Court at
Philadelphia in favor of Bethlehem Ship¬
building Corp., Ltd., for $5,272,075 together with costs, but without
interest, and also affirmed the decree entered by the same court on
the same day dismissing the suit of the United States in
equity to
recover
alleged overpayments on some of the same contracts.
In
December, 1941, in a consolidated action brought by certain
stockholders
of
the corporation
on
its behalf against its President
and others, attacking the bonus system of the corporation as it was
in
effect prior
to
July 1,
1931, and its administration, and also
challenging the propriety of the settlements made prior to Feb. 26,
1936,
of similar actions that had previously
been commenced or
threatened against certain directors and officers of the corporation,
the New York Supreme Court entered
a judgment
in favor of the
corporation in the aggregate amount of $876,779, with interest aggre¬
gating $229,042.
The court found and decreed, among other things,
that the directors and officers had acted in good faith in all matters
complained of in the action, and that the payments of compensation
to the executives and heads of departments of the corporation that
were
complained of in the action were reasonable and in accordance
with the contracts of employment of such executives and heads of
departments.
The court, however, decided that the individual de¬
fendants in the prior actions above referred to should have made a
part of the payments which were made by the corporation in con¬
steel
rated
for * redemption
deposits
.stock.
1940.
in
Tire'
effective Jan.
other
"'And
will
by 1,194,000 net tons of coke, 1,332,000 net tons of pig
iron, 300,DUO -net tons of steel and 720,000 net tons of plates.
The
aggregate
amount paid or provided for the year 1941 for
taxes
of Betnlehem Steel
Corp. and its subsidiary companies con¬
solidated and its share of the taxes of its subsidiary companies not
consolidated
of ore mining corporations partially owned;'by it
and
aggregate
1117
7
corporation
the
tie increased
is $110,002,700
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4055
the capital
on
397.
(Edward G.) Budd Manufacturing Co.—Earnings—
1941
1940
"=$1,060,218
$1,658,490
Calendar Years—
Net
profit
Sales
amounting to
sales in one year
After
vision
for
excess
($2,171,172)
and pro¬
taxes on income.
Note—Taxes
and
$84,216,701 for 1941 were the largest volume of
in the company's history.
of securities and advances
write-down
for
1941
amounted
to $7,078,869.
This includes income
profit taxes in the amount of $5,340,000
porate and social security taxes of
£1,738,869.
and pro^rty, cor¬
~ ~
THE COMMERCIAL & FINANCIAL CHRONICLE
1118
ditions,
May,
the
1941,
definite
no
determined
company
from
regret
the
Sales
in
volume
Taxes
1941
for
the
during
progress
bids
sales
to
an
to
sale
the
o'clock
the
sinking fund,
V. 120, p. 1332.
first
of
it
prices
at
trustee,
exceeding
the
Re¬
Bush Terminal Buildings Co.—Exchange Proposal
of
against it.
of the alternate proposal provided for in the
of the two Bush companies of 1937.
As a
70,000 shares of Buildings Co. 7 % preferred
distributed to the holders of the depositary certificates.
finally
result
stock
will
—V,
154,
Retail
7,943,628
sales
$1,541,386
15,231,823
$626,072
5,529,718
$749,327
sales
Wholesale
—V.
sales
$1,214,211
11,688,997
$6,155,790 $16,773,209 $12,903,208
$8,697,955
2,363,782
common
*
Number
shr.
9,295
$3.53
date
Net
for
loss
account.
merger
was
Celluloid Corp.'s profit
$865,375 but this amount
directors
of
able
March
June
16
20,
1941.—V.
dividend of 75 cents per share on
cumulative preferred stock, pay¬
holders of record March 6.
A like amount was paid
recently declared
accumulations
to
Sept.
153,
and
15
last,
15,
Dec.
against $1
as
March
on
10,
1270.
p.
1941
in
up
carried
was
to
to
for
and
research
development
Income
Account
for
Calendar
"Chronicle"
March
1037.
10, p.
Depreciation
;
——._
profit from
—The SEC has
approved the company's application re¬
garding the issue and sale of Northwestern Mutual Life
Insurance and Equitable Life Insurance Co. of Iowa of
operations-
jOther income
$350,000 first mortgage 4% bonds, Series B, due May 1,
1961, at a price of 106.5%, the proceeds to be used by
Water Company for the extension of its plant and the
-construction of additional facilities.—V. 155, p. 820.
Ltd.—Participating Dividends—
Canadian Canners,
The
directors
declared
have
dividend
participating
a
of
five
cents
share in addition to the regular quarterly dividend of 25 cents per
share
the
on
cents
share in
per
and
debentures
Federal
for
Similar
distributions
during 1941.—V.
week
Gross
—V.
154,
made
were
other
taxes
194,300
1,470,000
1,412,000
$2,458,776
672,969
" >,625
$1,785,807
preferred stock
41,800
101,606
501,607
on
of
stock
surplus
—V.
common
on
7%
$119,539
825,836
$105,977
Dividends
on
Divs.
5%
Rec'd
7 %
on
66,863
34,864
——110,389
divs.
96,613
Ended—
connection
in
—V.
pref.
to
with
first
l7,C43
1,153,726
1,455,118
Ended
March
155,
1941
1942
$5,094,000
$6,418,000
1009.
p.
It
is
tThree
such
certificates
bearer
should
N.
Co.,
for
and
to
up
that
stock
Trust
certificates
terest
be
for
certificates
new
Including
of
presented
City,
Y.
Jan.
1,
dividends
purpose
of
bearing
coupons
for
1962,
and
debenture
stock
consoli¬
and
that
new
exchanging
future in¬
certificates
sinking
fund
$13,200,663 $12,048,828
.
' $3.43
perpetual
of
be
a
accounts
Carolina Power & Light Co.—Earningsperiod End. Dec. 31—
Operating
expenses,
cluding
direct
1941—12 Mos.—1940
1941—Month—1940
$1,438,355
revenues
$1,272,537 $15,951,938 $14,533,013
ex¬
621,235
539,907
Prov. for Fed. inc. taxes
128,131
10,000
Other
retirement
Net
oper.
Other
on
int.
on
22,062
20,770
$493,288
$536,137
$4,653,082
$6,165,649
bonds
143,031
143,750
1,723,563
2,139,060
deducts.
1,647
'1,764
16,151
68,-946
4,713
4,725
56,885
37,800
5,862
3,358
30,289
3,358
of
income
$359,185
$398,706
$3,998,801
1,255,237
$1,745,305
$2,743,564
155, p. 87,
Carriers & General Corp.—5-Cent Dividend—
The directors
the
on
March 5 declared
stock,
common
a
payable April 1
dividend of five cents per share
to holders of record March 16.
During 1941 the following disbursements were made:
April 1. July 1
1, 214 cents each, and Dec. 30, 15 cents.—V. 155, p. 595.
and Oct.
several
in
a
years
monthly
information
tion
ordej*
in
that
notice to stockholders, says:
the company has released, through
regarding
its
stockholders
sales,
and
profits
others
the-rapidly changing conditions of
National"War
664,529
2,147.,163
—
*
Program,
we
and
Files $7,522,000 Debenture
vide for Plant Expansion—
thq
the
Brlnkley..
Judge Michael
L, Igoe, at Chicago, has ap¬
betterments budget of this road calling
and
$3,321,000
for
road
and
equipment,
compared
,
Igoe at
the
remainder
will
bd
......
,
week ending March 7, 1942 (six loading days), revenue cars
the Milwaukee road and received from connections totaled
on
"
'
,
/
1941
Feb.
8,
28,
Received
10,037
31,616
20,757
;
9,132
29,889
8,266
27,676
—19,410
loaded
cars
Loaded and
Connections
21,579
1942_
Revenue
and
Rec'd from
On Line
1942_^_
321,065
the Milwaukee
on
-
road and
received from
con¬
nections:
:
March
14,817,900
1
to
7,
1941
to
7,
1941_-._—
March
3,595,376
12,048,828
1
Feb.
1
to
—V.
1,112,788
8,992,451
13,200,663
Chicago approved the expenditure
other existing equipment and
rolling stock of various types.-
March
31,616 cars (six loading days)
29,971 cars (six loading days)
155, p. 1010.
7,
—
1942
32,454
Chicago & North Western Ry.
—
cars (six
loading days)
Review of ICC De¬
cision Asked—
reserves
The
attorneys
certiorari
the
with
for
the
U.
the
Circuit Court
struction
March
on
and
of
the
of
filed
have
company
S.
Supreme
Appeals at
petition
a
Court on
for
writ
of
the ""cent decision of
Chicago approving t'-'e ICC's
holders
plant of
of
Va.,
nature
a
used
the
plan
of
from
tain
solvents
and
products
proposed
other
and
initially to
to uiider~ctfntract:
plastics
others.
to
chemicals
be
be
The
used
sold
and
to
The "corporation
the
the
an
is
manufacture
largely purchased by the
of such plant, other than
corporation's
operations,
now
products
in
in
of
4%%
debentures.
reorganization
the
of
North
repe
Other
Western
On
p
'
undo-
Mar. 7, '42
-
Total
—V.
p.
3 '42 Mar. 8, '41
'7.335
15,812
"">59
11,779
32,131
cars
155,
T
17,798
14,333
line
Connecting line
30 894
27,591
1010.
Chicago Pneumatic Tool Co.—50-Cent Common Div,—
dividend
A
April
of
50
cents per
payahle April. 1
tribution
of
1,
was
1941,
—V. 154, p.
made
to
on
share has been declared
holders of
Jan.
2,
the company made
last,
an
record
and
March
Oct.
20.
on
A
the
common
similar
1941,
initial payment of $1
on
1,
while
per
dis¬
on
share.
1491.
cor¬
cer¬
Cleveland Electric Illuminating Co.—62% -Cent Div.—
are
U. 3. Government
informed-that--highr-priority -rail
agency
road's
Week Ended—
.
subsidiary, and to other
which has not yet been
essential
the
filed
immediately by
Mng a group of
"
are expected
""tees represent¬
nrticipation in
approved plan.
Cars Loaded—
chemical
poration
tain
of
follow- '
by other bondholders' groups and by *
ing common' and preferred stocks which -were d-
additions and improvements to the cor¬
and
Pearisburg,
Va.," plants;
to the
exact
be
to
plant will be disigned to produce certain chemi¬
in the manufacture of synthetic rubber and to produce cer¬
new
com¬
difficult
the
action
by the debtor corporation was
filing of a similar petition by -attorneys
stock,
acetate
ft- Increasingly
Md.,
Staunton,,
expenditures,
cellulose
under
the
-
a
determined.
Press,
operations
of
Cumberland,
capital
filed
11
completion
poration's
condi¬
the
The
and
the
in
Issue—New Money to Pro¬
registration statement with the
Exchange Commission at' its new office in Philadel¬
phia, • covering an issue of $7,522,000 3V2V0
convertible debentures,
due March 1, 1962.
The conversion rate and the price of the deben¬
tures are to be supplied by amendment.
Dillon, Read- & Co. and
Glore, Forgan & Co. are expected to head the list of underwriters.
The net proceeds from the sale of the debentures are initially to
become part of the corporation's general funds and as such may be
applied to any corporate purposes.
It is expected that an amount
in excess of such proceeds will be applied directly or through sub¬
sidiaries to the construction of a new chemical plant, to the con¬
Corporation
Securities
financial
interestd
business
havefound
and
Week Ended—
for depreciation and
amortization of $19,596,393 in 1941 and $13,996,886 in 1940.
{Repre¬
sented by 1,376,551 no par shares in 1941 and 1,112,788 no par shares
in 1940 with a stated value of $1 per share.
tAfter
$370,000.
and
1941.
in
March -7,
—$101,041,289 $86,170,525
—
-
of
of
Cars Loaded
16,481,800
1,376,551
,
—
reserve
Court
100,000
16,481,800
3,771,000
14,817,900
:
-
-
Total
cals
pany's financial progress might be well informed.
With
24,900,000
surplus
,
Wilkinson
corresponding week in 1941 (six loading days), 29,889,
27,676 for the week ending Feb. 28, 1942 (five loading days).
4,000,000
—
The
company,
For
3,000,000
—-—
stock
Examiners
31,616;
288,431
—
completion
Caterpillar Tractor Co.—Discontinues Monthly State¬
ments—
The
—
April
on
reorganization.
$3,000,542
1,255,237
Balance
made
including cars already on order, $141,000 for repairs to old
and $440,000 to road improvements.—V. 155, p. 1010.
new
the
loaded
$6,144,879
•
applic. to pref. stocks for the period
be
Loadings—
pre-
debt—Cr
struction—Cr
Net
banks.-—
before
Judge Michael L.
roadway
5,601,399
335,569
-
Capital
$4,631,020
Interest charged to con-
Dividends
9,564,166
._
1,080,000
657
mtge.
and
Amortization
mium
—
1-
Reserves
♦After
Interest
.—.
a
District
Federal
put Into
1,238,409
year)—
...
retired within
1,670,550
$535,480
will
of $10,529,238 for improvements ty this road which is in
receivership.
Of this
amount, $6,846,000 will be spent for improvements of the
$1,000,000
2,004,006
1,903
-
3,211,364
$2,249,175
204,851
200,000
—
-
1,260,000
(net)
income
Gross
be
held
be
$3,859,000
For
—
90,000
$491,385
revenues-
income
41,497,541
24,700,000
to
to
Earned surplus
Other
336,060
-
;
'
debentures
JCommon
4xk'k
of
tures Approved—
484,971
$101,041,289 $86,170,525
97,150
re¬
appropriations.
interest
expenditure
equipment,
11
105,000
Cr25,000
taxes
serve
Z%
road
The ICC states that this plan has been filed by
committee for the refunding mortgage gold bonds and
equipment,
*629,991
3,343,655
7% cum. series prior pref stock ($100 par)
5% cum. series prior pref. stock ($100 par)
7% 2nd pref. stock ($100 par)—.
Federal
profits taxes
Property
5,627,584
10,000
7,061,489
*
995,423
the
built by the
price of $1,524,025.—V. 155, p. 1010.
Chicago Milwaukee St. Paul & Pacific Ry.—Expendi¬
536,956
——
•
-
payable-—-—-—
payable Jan.
payable
by
be
Of the total for the current year $2,740,000 has been allocted for new
4,034,198
340,258
54,293,453
—
payable
liabilities
Dividends
total
a
$1,200,000 of
u
;d
1, 1942, to
general income mortgage 4Vifi' bonds, due 2038, of record
of business on March 14, 1942.—V.
155, p. 1010.
will
an
with
73,577
payable to banks
Accrued
Illinois RR,—Equipi.-.cnt Issue—
______
less
—
;
(amt.
.
Ea^tcfn
92,175
(not eonsol.)^
117,604
for
excess
for
6,113,105
,
-
Liabilities—
Notes
taxes-
Provision
receivable—deferred,
——
3'/r debs.
1742.
Budget Approved—<
(not consolidated).
Celluloid Corp.
assets:
accounts
1
March
on
Washington.
Federal
112,604
.
Other accounts
paid
24.
four regular
proved the 1942 additions
and
delivery.—V. 155, p. 1009.
$4 per share on
record March 27.
of
Wat,
close
protective
$29,697,542
8,408,286
security investments, at cost
Tfade
new certificates shall
in
1940
113,665
—
Prepaid expenses and deferred charges
Patents and trademarks
only
share
Interstate Commerce Commission has announced that it will
hold hearings on the plan of reorganization of the
Cumpany on May 5
$3.38
515,000
—.
less——
reserve
Common stock of
Notes
Feb.
01
holders
to
per
The
31
6,790,441
or
Total
of
of
the
hearing
less reserves.:
advances—
including April 14, 1942,
may be made with certificates which have not been exchanged, bear¬
ing no coupons, or new certificates bearing coupons dated July
1,
1942, to Jan. 1, 1962, inclusive; and that beginning April 15, 1942,
to
up
31
Chicago Great Western Railway—Inte:
at
——.—
cost
tFixed
152, p.
holders
$26,586,971
and
Other
record
dividend
extra
an
March
1,440,300
cor¬
hand
on
accounts
and
of
Payment
1941
banks
debentures/for
Notes
declared
payable
Mt. Vernon Car Co. for
throughout the year.
Due from Celluloid Corp.
office of the Bank
be ready for delivery about March 15, 1942.
New York Stock Exchange directs that deliveries
consolidated
4%
perpetual
the
at
the
The
Operating
1,153,726
£371,427
U. S. Govt, securities and obligations——
3%
have
stock,
ICC has approved the purchase, by the RF
equipment trust certificates.
Proceeds
recc
applied to the purchase of 500 new box car,.
will be
taxes of $3,400,000 in 1941 and $1,670,000
equivalent to approximately 8V2 shares for
profits
excess
Trade debtors,
9,514
Chicago, Indianapolis & Louisville Ry,—Hearings—
shares held
Other
announced
debenture
Montreal
The
2V2 %
stock
Comparative Consolidated Balance: Sheet, Dec.
7—
25,739
940,412
in'1940.
with
V.
1,307,035
participating
surplus at end of year
Earnings per share on common stock
Cash
Ry.—Earnings-
directors
regular quarterly dividend of $1
Chicago &
47,138
preferred stock
100
23,800
;
—
155, p. 1010.
holders
(including
Earned
■"Includes
:
In addition to the
9,944,420
stock.
of
cars
13,027
10,773
16,225
10,755
connections—,..—_
$6,376,896
12,048,828
stock—
retirement
70,758
200,747
quarterly payment
Df $1 each made
on this issue during
1941, the company paid the following extra divi¬
dends in that year; March 31, $4; and Dec. 1, $2
xtra.—"V. 152, p.
4,091,237
$7,105,685
-
common
129,989
7,567
2
16,288
from
common
The
Cr6,909
6,866,598
stockholders
to
i,412
1,155
Chicago Dock & Canal Co.—Extra Divir' nd t>f $4—
the
125,073
2,357,458
capital
cumulative
7%
poration's
of
i
Mar. 7,'42 Feb. 23,'42 Mar. 8,'41
loaded
Total
.
—
common
applicable
surplus)
issued
to
amount
,2—2 Mos.—1941
61.749
43,526
connections
cars
Week
Cars
$19,154,513 $16,321,317
1st partic.
cum.
stock
Proportionate
$1,092,794
1942—Month—1941
system
on
from
Received
60,000
248,807
series prior pref. stock
cum.
191,406
^,363
$
Quincy RR.—Cr -liadings-
&
End. Feb. 28—
Loaded
657,816
Cr60,000
—
series prior pref.
3,656
155, p. 635.
Period
66,588
stock—
cum.
$1,
15,951
Chicago Burlington
2,272,110
53,096
,
on
Dividends
Common
758,900
pre¬
expense-
Balance
1742;
Dividends
1375.
p.
National
revenues
dated
a
5)2,027
deducts.
income
ferred
3,710,297
debt
income
on
Inventories—at
6n
891 900
$163,728
41,800
2, last, and in each quarter
Jan.
on
Canadian Pacific Ry.—New Certificates Ready—
—V.
83,600
$11,238,526
Assets—
Canadian
,
1,069,474
102,800
$161,339
other
Amortization
$14,986,925 $11,305,114
—
each
dates,
same
will
1,154,361
__
first
preferred stock, and a participating dividend of
addition to the regular quarterly dividend of
15 cents per share on the second preferred stock, all payable April 1 to
holders of record March
14.
The usual quarterly dividend of 12 Va
cents per share on the common stock was also declared, payable on
live
4%
3,857,554
101,007
682,739
Total
4,686,666
——
surplus at beginning of year.;
capital
of
a,UJi,b96
107,575
$2,336,364
$658,222.
$14,933,829
expenses
———
income
Total
$9,751,005
401,022
54,954
The
Net
19<*_-^-12 Mos.—1941
$978,311 $10,516,547
$218,682
$19,620,495 $14,948,823
—
——
income
Earned
,
58,703
1940
2,758,378
profit——-—
operating
■"Provision
■
Years
1941
Decrease in equity in Celluloid Corp.
Amortiz. of debt premium, discount & expensesExtraord. income—settlem't on acct. of patents
Co.—Registers with SEC—
'
-
423,388
income
and
Divs.
the
California Water Service Co.—Sale of Bonds Privately
.
..
1942—Month—1941
_____
sur¬
returns and allow.. $62,277,142 $44,510,651
goods sold—————
39,898,268
27,289,717
on
for by the
underwriters.—-
$220,042
sales, less discounts,
Total
the stockholders
the
Co.—Earnings—
$l,070y005''
expenses
taxes—Gen'l
for
Net
maintaining
Consolidated
Net
lo
sub cribed
by
128,000
standing
long
and
Interest
California De-Tinning
See
a
7%
the
on
not
publicly
amort.
be expanded
Selling, administrative and general
Calaveras Cement Co.—Accumulated Dividend—
The
the
debentures
sold
155, p. 693.
account
per
be
52,000
122,000
is
maintenances $1,956,086;
of
The date of offering
Any
to
revenue
Gross
aggressively to become a significantly profit¬
part of company's operations.
expenditures for increased plant facilities amounted to $8,744,064;
Gross
later.
later
are
88,200
not reflected in the profit and loss account of Celanese
of America.
It is anticipated that the business of the Plastics
and
plus
such
profits
Int.
The
the
for
excess
1941,
5,
and
of
provision
$7,911,060.
Prov. for depr. &
outstanding at Dec. 31, in respective years.
the merger of Celluloid Corp. with company was
balance sheet reflects the merger.
The profit from
operations of this plastics division for the period from Dec. 5, 1941 ,to
Dec.
31, 1941,
of approximately $45,000 is reflected in company's
profit
year.
profit
Federal
shares
on
Dec.
On
that
Federal
$0.»25
"
$15,312,657;
of
to
operating
but„before
income
8,568
$3.38
net
charges
Federal
11,310
-
of
income
stock.
common
announced
Operating
25,000 shs.
$3.43
com.
per
and net
prior
$71,544,118;
interest
'
Prov.
12,656
taxes,
$7,401,597,
be
Gross
•
87,788 shs.
stockholders
of
profits
excess
Period Ended Jan. Si-
0.75
2,417,692
to
consummated
of
after
Central Illinois Light
1,032,839
1.71
2,719,133
Gross
on
5,424,954
been
sales
'
I
,
0.07
8,394,279
net
income,
155, p. 914.
2,479,748
2.90
stockholders
Cost
Combined
6,374,100
2.90
3.94
1942—2 Mos.—1941
1942—Month—1941
6,376,896
policy of continually increasing productive
all equipment at maximum efficiency is
proving of inestimable value in this critical time.
(& Subs.)—February Sales—
28—
$44,510,651 $35,478,947 $28,685,282
3,901,061
divs.
to
V.
3.43
net
Corporation has agreed to grant to the holders of its common stock
rights to subscribe for these debentures at the public offering price
at the rate of $1,000 principal amount of such oeomtures for each
1938
6.03
Company's
Feb.
1939
5,013,439
capacity
Period End.
1940
had
merger
combined
and
of
taxes
pro
such
stockholders
7,105,685
—
able
Butler Bros.
a
$16,321,523;
is
decl.
Stock
of
1050.
p.
of
-1941)
31,
share—
program
be
if.
as
This .showed
illustrated
or
disposes
issue
best
filed
corporation
income
paid
Division will
full
the
be
may
the
tion
$62,277,142, result¬
com.
Corp.
reorganization
years
Dec.
on
$62,277,142
_
completed.
depositary certificates of 7% preferred stock of this com¬
pany on March 3 voted, for the third consecutive year, not to receive
1.1 shares of Bush Terminal Co. 6% preferred stock for each Buildings
Co. share.
The vote was 2,264 in favor of such a plan and 40,519
This
of
per
■"Based
Holders
level
divs.
♦Earning
jected—
,
.
share '
common
taxes
Taxes
Cash
price.—
retirement
income
per
Total
South Clark St.,
23, 1942, receive
33
March
p.m.,
mortgage
not
past
outstanding
____________
Net
bonds dated March 1, 1925,
amount sufficient to exhaust the sum of $65,365.68 new held in
for
the
1941
Net
Chicago,
of
three
1941 figures shown in
its annual repdrt, cor¬
forma statement" covering results of operations
and its subsidiaries including Celluloid'Corp. for¬
merly a non-consolida/ted subsidiary,
for the yea.
ended .Dec.
31,
1941, giving effect to the merger of Celluloid Corp. into the corpora¬
of
record
the
to
183 shares of
Co., Rockford, 111.—Tenders—
until
will
the
addition
poration
the
•
.
subject
In
also reached a new high of $8,394,280.- This
provision of $'6,866,598 for Fed. taxes on income.
stock
155, p. '914.
Bank
National
abandonment, of
available for such of the. necessary equipment for such plant
to priorities.
are
is
as
-
(Per share calculations are based on 1,376,551 shares of common
Net
111.,
ings
.con¬
reliably
•>>
year
includes the
Company's
1940
.
profit after all charges
——
—$1,754,882 $1,005,077
amounting to $4,580,956 were charged against 1941 operations,
and total sales amounted to $35,006,776, the largest annual sales in
First
-
America—Annual Report—Camille
: /
reached
Taxes
The
-
by the following tabulation.;
I941
Net
Chicago,
the
for
be
can
ing in net income for the year after taxes of $7,105,685.
Budd Wheel Co.—Earningscalendar Years—
Burson Knitting
Under,..these
,
sales or profits
statements.
necessity
914..
p.
Celanese Corp. of
statements.
either
monthly
Dreyfus, President, states:
amount
company's history.—V,
of
monthly releases.—V. 155,
capital stock of Budd Realty Corp.,
the
financial
trend
individual
therefor,
We,
exercised its option to acquire all the
which ip that month sold to Budd
Wheel Co. that part of the Detroit property occupied by Budd Wheel.
To
acquire the Budd Realty Corp. stock and to provide additional
working capital required by increased volume of business the company
secured funds to the amount of $10,500,000 from the RFC and participatiny Philadelphia banks.
Of this $4,500,000 was used to repay
a prior loan, the net increase in the amount, so borrowed thus amount¬
ing to $6,000,000.—V. 155, p. 635.
In
monthly
accurate
prepare
from its
Nation's
Company is now classified as a Total Defense Plant, and
production lines streams material for every branch of the
armed forces, the company stated.
-
Monday, March 16, 1942
A
the
¬
dividend of 62V2 cents
per
share has been declared
stoek, payable .April 1 to holders of record March 14.
on
the
common
A similar pay-.
Volume 155
ment
made
was
■prior
April
on
which
to
the
stock
mon
Dec.'20,
on
July
1,
1,
paid
company
A-ycaf-end dividend of 50
•
THE COMMERCIAL & FINANCIAL
Number 4055
'
Oct. 1 and Dec. 20; last year,
cents per share each«quarter;
share was also paid on the-com-
Consolidated Balance Sheet, Dec, 31
-."''^Assets—1941
1940.—V. ,155,
915.
p.
"
-'v.
-
.
.
-
.
50
cents per
Cash in banks and
"...
hand-
on
Accounts and notes receivable,
Other
Cleveland Ry.—City To Purchase Property—
less
3,108,880
,
railway will be purchased at $45
,
sale
last
November.—V.
155,
reserves——
—
3,485,447
14,103,820
227,151
187,062
1
1
$26,804,502
$26,415,052
$1,321,396
$345,977
1,118,47a
832,830
equipment
—
I
Total
—
Liabilities—
,
The
directors
March
on
7
declared
$5.50
of
dividend
a
Reserve
Funded
Share'
per
'
the
on
common
stock/
'
record- March
Payments
no
'■/'
the
on
The
on
able
and
the
March 31
to
declared
10
of record
holders
March
Commonwealth
Edison
dividend
of
21.
..
.
164,861,000
148,095,000
150.490,000
147,778,000
155r.p. 501.
affiliated
new
kilowatt hour output of electric energy of subsidiaries,
corporation adjusted to show general business conditions of
territory served
"or the week ended March. 5, .1942; amounted to;
in
1941,
increase of
an
corresponding week
185,840,485 for: the
14,121,385,
7.60%.—V. 155,
or
1010.
p.
-
new
a
Co.
-Forms New
(Del.)
Notes
.
-
owned
Air
the
called
U.
Reduction
Company To
by
Alcohol
chemicals
Inc.,
from
25%
and
Co.,
It
■
is
probable
the
have
develop
petroleum.
The
Chemicals,
Continental
and
Inc.,
Co.,
Industrial
S.
Pet/meum
organic
50%
Industrial
to
each
by
Air
Alcohol.
Oil
Crown Drusr
an
experi-
laboratory at Baltimore, Md., for some
plant will be built to make
program.—V. 154, p. 1698.
extensive
an
war
most modern
Loss
enuipmerI serial notes mature
from
$1,200,000
Feb.
*t
rate
2.80%
The v"*a
.
154.
1.
1943,
interest,
the
of
to
notes
for
Demand
831.
p.
the
annual
S2.227.682 for
A. dividend
covering
vious
—V.
and
Walter P.
operations,
Other
profit
outstanding
and
for
shares
provisions
1941
$2 327,177
was
of
share)
pur
Quarterly
fcr
Provision)
above
the
with
1
earnings
53%
th«
over
charges
and
income
profits
excess
taxes
included
:
sales
for
of
1941
were
$46,714,221
in
$30,464,677
24%.
was
.satisfactory
•
at
■
a
present gaiwg
and
more
t
the
or
an
increase
defense-requirements.
into
into'wartime
c*
n-mnts,
thrpthe
preceding year.
The in¬
As
-
J
shipments,
world.
to
estimate
powdered
and
consignments
to
as
well as
for
.
small
ammunition,
arms,
decreased
by $1,200,000
or
from
the
ment3
year to $2,900,000 at the end
of th« entire amount of $630,000 due at
month
for the >»ext
has
12
months
have
been
of
the
made.
In
others;
many
$4,100,000
at
the
the
,
.
year.
Prepayrate of $50,000 a
addition;
„
$600,000
'
been
.
•
'
Consolidated Income
Account
for
Calendar Years
of" sa*
35,548,267
-
23,339,894
;vl,24J,246
$9,857,979
$5,883,537
$3,761,867
$2,148,885
.2,353,587
,* 2,361,345
1,690,557
1*748,504
$6,904,392;
$3,522,192
$2.07L310
$400,381
CSeii.,,.adm.?X;i3en.JeXp.3.
;
Net - profit, from oper,
i.
Other
-
,
K
-it
Dr69,679
113,030
.
'
profit bef.
' Federal
.
--Interest
v
inc.
,
75,930.
$6,834,713
■
r
.$3,635,222
$2,107,547
92,536
220,540
J.
365,604
$476,311
,
etc.^_
excess
.
profits t"
for F"
.
inc.
taxes
412,641
"
.
"
Prov.
3,228,000
414,000
1,187,000
773,000
293" 043
$2,327,177
divs.
paid
Shs.
of
cap.
Earnings
$2,227,682
$1,448,900
$29,470
1,171,879
1.171,879
195,313
234,376
$1,155,298
Surplus
per
outstg.
share
stk.
$1,055,803
$1,253,587
781.253
781.253
781.253
$2.98
$2.85
$1.85
♦Deficit.
13,194
37,631
77
.1
bond
at
25
par
property, plant and equipment
(net)
314,744
—
expenses
12,754
property
212,701
;
—
$878,502
—
"'
bank
payable,
current
City and county taxes,
Accrued
Common
^
assessments-.
stock
—
!
—
an
^241,500
_
,-v—\i
■
;
^
.
148.040
257,478
.
$878,502
———
2237.
p.
Dewey & Almy
Chemical Co.—Earnings—
outstanding.
the
No.
at
2
tEquivalent,
after
preferred
dividends,
to
stocks.
common
Note—Net
profit
share
$1.85. a
•
figures
after
allowances
totaling
$761,000 in
1941 and $290,500 in 1940, for Federal, State and foreign taxes.
During 1941 the company's preferred stock was completely retired by
the conversion of 19,208 shares into common stock and the
calling for
redemption of the balance of 1,109 shares.
The capitalization now concists seleiy 0* the common ctcc'rs, of which 295.317 shares; were out^
standing on Dec. 31, 1941.
At the close of 1940 there were 20,317.
sharps
V.
of
155,
preferred
$5
The
and. 217,397
shares
of
stocks.—
common
«
Car
quarterly
the
on
23.
Dec.
stock
T Motor
regular
declared
are
1011.
p.
Diamond
on
Court
'1940
charges and taxesh—*$757,845
.f;$502,751
$2.57 a share on the common and class B common stocks
♦Equal to
on
*
1941
profit after
dividend
of
22, last.—V.
of
25
cents
50
154,
and
cents
the
has
share
per
stock, payable March 31
common
extra
An
Co.—Regular Dividend—
to holders of
been
record
regular of 25 cents were paid
1376.
p.
liquidation.—V. 155, p. 540.
of
15
Dominion Coal Co., Ltd.—Coal Output—.
10 Cents—
dividend of
extra
dividend
9,100
621,250
$1)—
(par
(earned)--
7,483
f>:,.
—
;
surplus
14,193
:
-
Capital
41,488
-
<■><
stock—
Deficit
2,924
t
Jl941)
-
1941
$50,000
Jl——•
—
Jan. 16,
accounts
preferred
cents
10
per
Period
cents per
share
on
♦Coal
l*At
Feb.
End.
production
1942—Month—1941
1942—2 Mos.—1941
422,243-
23—
833,562
(tons)
382,805
Cape Breton and Springhill- collieries.^—V. 154, p. 149.
on
July 30 and Oct.
31,
1941.—V. 155,
p.
155.
declared
a
Co.—$3 Prior Pref. Dividend
801,863
.
-.
Eastern Malleable Iron Co.—50-Cent Dividend—
dividend of $3
per
share on the prior
A dividend
of 50 cents per share has been declared on the common
stock, payable March 10 to holders of record Feb. 25,
Payments during
1941
50
were
cents
follows;
March
and Dec.
as
10,
each,
Novembers These
and
been
have
dividends
earnings
net
for
such
dividend
available
in
each
year.
Eastern
10,
cents;
25
$1.—V.
154,
June
and
10
Sept.
10,
1376.
p.
Steamship Lines, Inc.
Month. of January—
Operating
(& Subs.)—Earnings1942
Operating expenses
Operating
income
$654,190
313,130
744,369
$48,047
•$90,179
1,631
;
________—
income
Other
1941
$361,177
.
revenues
Other
S,
U.
—
expenses
and
Net
Corp.—Reorganization Plan—
Lines,
May
I,
$1.50;
Aug.
1
967
_k_
29,592
58,932
$19,422
income
*$147,480
♦Deficit.
District
Division
has
as
for
Court
approved
Eastern District of Michigan,
proposed plan of reorganization of
the
a
being fair and equitable and feasible.
,t
above
statement
Inc., and subsidiary
covers
operations
companies for
of
Eastern
the month
Steamship
of January,
1942,
and
comparisons with the same period in 1941, after depreciation,
interest, rentals and local taxes, but before Federal income tax, capital
gains or losses and other non-operating adjustments.—V.
155,
1011.
p.
16, 1941, corporation filed a petition for reorganization under
the Bankruptcy Act,
as
Eastern Utilities Associates (&
Period
End.
Operating
Net
Non-
(incl.
or a new company to
authorized capital , of
shall go to the holders of the presently
$9,260,698
410,139
5,050,218
36,249
inc.
32,518
442,253
397,287
228,256
159,785
2,356,430
1,508,031
$242,896
taxes)
revenues.,' *
oper,
inc.
oper.
(net)
—
$286,474
$2,577,183
$2,848,631
Drl,527
153,886
40,889
$284,947
$2,731,069
$2,889,520
'
2,597
Balance
$245,493
4,506,750
-
Gross
That the company, upon reorganization,
for that purpose,
shall have, an
1942—12 Mos.—1941
$883,915 $10,426,085
464,803
accruals
res,
63,248
65,500
783,748
786,990
$182,245
$219,447
$1,947,321
$2,102,530
36,754
37,034
434,660
435,287
3,992
,1,827
15,547
11,550
$141,499
$160,586
'$1,497,114
$1*655,694
Reorganization
.formed
company,,
$972,205
Maintenance
Taxes
Subs.)—Earnings-
1942—Month—1941
Jan. 31—
revenues
Operation
Retriem't
"
$5O0;OOO/ consisting of 500,OOt shares of common stock (par $t).
; (2f That
approximately 12* %, or 43,800 shares of common stock
*$204,906
.
781.253
$0.04
stock, (including 1,627 shares which may be issued
in payment of -certain accrued and. unpaid dividends on the com¬
pany'^ former $25 par value preferred stock), shall go to the holders
of the presently outstanding preferred atock.
(3)7*That to accomplish this recapitalization* the holders of the
presently outstanding common stock shall receive 1 new share of common, stock
(upon. the reorganized basis)
in exchange for every 5
shaTes of common stock presently held, and the holders of the presently
outstanding preferred stock of the par value of $5 per share shall
receive
Int.
and
Misc.
income
amortization—
deductions
I*
;
Balance—
Pref.
dividends
deductions—B.
V.
G.
&
E.
'*
Co:
77,652
77,652
$1,419,462
•
'common
2.72
shares
of
the
new
common
stock
(upon
Applicable to
$1,578,042
interest
21,862
//,;
.
of
sub.
Non-subsidiary
companies applic.
income
to
U.
E.
A.
23,847
$1,397,600
$1,554,194
1
_I
Expenses,
the reorganized
taxes
and
Balance available
determine.
in
:
303,824
interest
tgjfdividends
309,824
$1,707,424
—V.
(4)
minority
1
Earns,
1 share of said preferred stock held.
the holders of unexchanged certificates for the company's
preferred stock of the par value of $25 per share (each share
of which was, by amendment made effective on June 13, 1940, changed
into 5 shares of new preferred stock of the par value of $5 per share)
may, if they desire, file a claim (if the same has not otherwise been
waived) for dividends accrutd and unpaid for the period from July 1,
1938,
to June
13. 1940, which claim, to the extent allowed by the
Court,
will be
paid either in cash or in stock, as the court may
in exchange for every
basis)
34~200
-
Common stK
declared
quarterly
August
of-the ^reorganized
,
taxes-
as,
56,523
,
outstanding common stock, and that approximately 87 % %, or 339,587
36.237
int. &
.' "^d.
c
Provision
$230,852
:
'
payable,
Circuit
by
1941 were as follows: April 1, $6;
1, 75 cents each.—V. 153, p. 986.
Uteres of
•
Net
have
corporation,
.(•1)
.j,180,4^7,:,1*26^1 U
"vL'%Gross -profit fr.
oper.
hand
on
receivable
Accounts payable (prior to
Notes payable, equipment
March
Thespian,, in brief provides:
be
x
.19,W2,531.15,295,29.4
iProvision" ?deprec.-'-,;. '1,307,975
L
approved
Summary of Plan of
-
Cost
are
"•"l
,
Net.
$31,052
—..
1941
materials
raw
Accounts
Lynch, Pierce, Fenner &
by the receiver of the
accepted
amended. Since that time, con¬
siderable though has been
given to the matter of reorganizing the
company upon a sound and equitable basis.
Company has two classes
of stock outstanding, i.e., preferred stock, $621,250
(par value) and
common stock, $241,500
(par value)
(exclusive of treasury shares). By
law, the preferred stock comes ahead of the common stock in any plan
'"Of reorganization" in these proceedings, or in the event of liquidation.
Plan of reorganization was proposed by certain holders of the com¬
mon shares, after extended negotiations with the holders of a majority
of the preferred shares.
This plan in addition to court approval, has
the approval of a majority of the outstanding preferred shares and
certain holders of - the outstanding common shares.
'
_'•■;
,U'v
1941
1940
I 1939
'1938.sale's.
'
$46,714,221 $30,464,677. $24,114,815 $18:705,290
;
f
1
"•
Merrill
earnings in 1941 were sufficient, this dividend has been declared
chapter X of
►
•
—
stock, both payable March 31 to holders of record March 17.
last, an extra of 20 cents was paid, as compared with
May,
On Jan.
•
the
-,
"
March 3
10 centf/ each
Southern
capital stcc.K. Working capital increased $428,636.
c
-Because
unsettled -financial conditions in the 1 securities- markets
during the year 1941 and because it became more certain-during the
year that very substantial reductions of funded debt could be made;
the; preferred Jtock refinancing mentioned in last year's-annual report"
and approved at the stockholders' meeting was dropped.
.
31,
26,
director^
The
prepaid on the final note due in 1945. .(Since Dec, 31,-1941,
a
further defct reduction of $400,000 has been effected so that the
present, ovksending indebtedness is $2,500,000.);
Additions to plants
and equipsamounted to - $1,522,479.
Dividends of $1,171,879 were
paid duriw&fie year, representing $1.50 per share op outstanding
»
to
and
Detroit Paper Products
various types of
and
notes
Note—The
war effort, are containers for
and tank corps, for lend-lease
frozen eggs,
—
Sheet, Dec.
Payments on the $6 convertible prior pref. stock, par $50, during the
Nov.
qualities as paperboard targets for machine gun practice.
for
d«y>f was
Oversubscribed
Stock
above.
as
year
also, .such
Funded
the
there
Since
our
4ot>ds,
beginning
and
regular
Dec.
that
how
dehydrated
1
1939.
15,
paid- as due..
The prior preferred stock is also entitled to an additional cumulative
dividend of $3 per share per annum, but only if and to the extent
>
develop In ■ connection with the
tieiA rations for parachute troops
shipment ■for
The pre¬
Jan.
on
Records, Inc.—Extra Dividend of
February,
-
-
of the more interesting specialized packages which have
Among
army
Distributions
preferred stock, .payable April 1 to holders of record March 20, from
earnings of the year 1941.
The prior preferred stock is entitled to a fully. cumulative dividend
of $3 per share per annum, payable quarterly on the first day of
industry * is swinging
impossible
—
47,537
the
production this percentage is already In¬
lend-lease
to
been
Corp.
on
The
packaging, for example, of
food.Vsoep, pharmaceuticals, clothing, matches, etc., finally find their
way
—
Dennison Manufacturing;
of
level
a
t deal.
It is practically
of.. u^^any's containers for the
Allies
received
and
extras ..of
in
-
Selling prices of paperboard and pulp
creasing
many
awarded
bid
best
directors
the capital
■•"
*
throughout the year.
Selling prices of
containers and
folding cartons were at less than satisfactory levels,
during the k'rstr six months of the year, but increases toward the
middle of t" c year brought these up to a more profitable basis.
It is estimated that about 30%
of the product of the corporation is
at
were
the common
on
13.
15, last year.
made
was
The corporation is in process of
Decca
The
share
On
'
sales
net
Corp.
been
has
Trust
Baltimore;
share
per
representing
j,-
wait volume
in
crease
year rend
deducting
10,617
*
*
and
estate
Total
$4,415,000 for the year 1941 and $1,187,000 for
were
net
cents per share,
Chemical
the
on
Baltimore
-
••
Federal
figures
the. year • 1940.
Consolidated
(after
$1.08,
,
also 25
March
July 15 and Dec.
1190.
p.
block
The
quarter, $0.47; second quarter, $0.62; third quarter, $0.81;
fourtA eu«Tter
and
$0,29
share Las been declared
per
for
stock.
capital
year
deposits in bank and cash
Prepaid
'
Paepcke,
compared
cents
Pierce, Fenner & Beane on March 10 of¬
a block of 67,654 shares of common
stock (par $1) purchased from the Baltimore Trust Corp.
The block was quickly oversubscribed. The shares were
priced at 10 % less a 40-cent discount to dealers.
'
firrt
$27,102
;
assets—
Detroit
$3,727,747
fered off the board
deprepiation, bad and doubtful
accounts, loca! and Federal, taxes, including excess profits taxes.
These errnlngs are equivalent to $2.98 a share on each of the 781,253
.
$3,851,465
Merrill Lynch,
In each case earnings are net after administrative,
1" 40.
of 25
payment,
154,
Beane
net
9,167
.
...
Calendar Years—
amount were made on
Davison
bear
interest rate -being
through Kuhn, Loeb ■&
(& Suhs.)—Ann. Report—
1941
;
1942—2 Mos—1941
$647,699
payable March 23 to holders of record
stock,
-
report
interest,
charges,
were:
$687,081
of like
reports:
cemeltdatvd
The
inclusive,
1957,
90,197
$17,935
Inventories
Darby Petroleum Corp.—25-Cent Common Dividend—
average
arranged
was
Container Corp. of America
In
President,
1,-
603,933
■
Assets—•
Net
annual installments of
equal
in
Feb.
over-all
the
$712,065
.
—!
Balance
p. 917.
155,
type in the marine equipment field.
varying
Co.—V.
1942-r-Month—1941
Sales
—V.
15-year first preferred ship mortgage serial
notes.. The notes, which are a direct obligation of the
parent company, will be secured, in addition, by a first
mortgage on the tank ships owned by Sinclair Refining
Co., 10 of which, contracted for in May, 1940, are of the
The
28—
to
one
1
—
deductions
—V. 152,
Co,—February Sales—
Feb.
Period End.
it has placed privately with seven banks
and three insurance companies an i$sue of $18,000,000 of
its
within which
1941
31,
Extraordinary and non-recurring deductions....-
6%
research
that
materials needed in the
.
the
is said that the three companies have been operating
It
.
time.
Corp.—$18,000,000 Ship Mortgage*
Privately—Corporation on March 11 an-
Placed
period
the
Liabilities—
and
of, synthetic
and
mental: pilot plant and
v
,
nouneed that
.<
of
Dec.
income
Total
Consolidated
day
Year Ended
■"
income
Notes
Co.
organization,
is
company
Reduction
Oil
company
production
;;the
Corp.—Weekly Output—;
weekly
with
the last
as
Account,
Contract for sale of Kalamazoo
Oil
Continental
The
latter's
compared
Other
profit
Total
Develop Synthetics—
this
as
1942,
$11,952,714 in 1941 and $10,992,833
155, p. 398.
Continental
'
199,961,870
manner
Shipping, selling and administrative expenses--.——I
Real
formed
.
20,
sales-—
of
Cost
2,500 shares of capital stock (par $2.50) on the New York
Stock Exchange at 35 % with special commission of $1.
1010.
Southern
in the
be, selected,
Sels, less returns and allowances.,,.-™..*.—•
Advances,
12.3
&
to
be accepted.
Income
Continental Insurance Co.—Special Offering—Kidder,
Peabody & Co. on March 10 made a special offering of
10.9
165,974,000
Commonwealth
$26,804,502 $26,415,052
—
for depreciation of
;
11.3
166.929,000
The
members
7
3,652,714
The
8.3
14
■
of
% Increase
147,674,000
21
of
4,808.012
—
—
March
Accounts
February
———
fixed
.plants of
,
February
f
671,494
company on March 10 announced that production of the electric
its system for the week ended March 8, 1942, amounted to
153,900,000 kwh., compared with 155,200 kwh. for the corresponding
week of 1941, a decrease of 0.9%.—V.
155, p. 1011.
.
consisting
this p.an may
Other
and
30
February 28—_
p.
671,494
Consolidated Edison Co. of New York, Inc.—Output—
V.
1941
1942
159,903.000
155,
4,100,000
15,625,060
25
Kilowatthour Output
7
directors
designated in the plan, subject to the approval of the court.
In the opinion ox the management, if the presently proposed plan of
reorganization is not accepted and consummated, the company will, inall probability,
be liquidated, which will probably result, in a total
investment loss to the piesent holders of the common stock.
The court
1,186,977
2,900,000
15,625,060
—
Co.—Weekly Output—
Week Ended-
of
"
360,070
'
—
♦After reserve
•
—V,
surplus
in 1940.—V.
Electricity output of the Commonwealth Edison group of companies,
; excluding sales to other electric utilities, for the week ended March 7,
1942, showed an 8.3 Vr increase over the corresponding period of 1941.
Following are the kilowatthour output totals of the past four weeks
and percentage comparisons with last year:
.....
March
taxes——.
____
Total
additional
an.
(6) That all claims of creditors* secured or. unsecured, to the extent—
they are properly filed and allowed by the court in these proceedings,
shall, upon consummation of the plan, be paid in full in cash.
(7) That the management of the company shall be vested in a board
Gross
Extras were paid during- 1941 as
follows: March 31, June
'Sept. 30, 25 cents each, and Dec. 29, $1.75.—V. 154, p. 1491,
<
Earned
regular quarterly dividend of 25 cents per
100,000 shares of capital stock, both pay¬
outstanding
income
———
'■
■ •
■
„
March
on
share
the
debt
Federal
Capital stock _r___,_.
Capital surplus
-I.
Lamp & Stove Co.—Extra Dividend—
directors
per
share
of
during 1941 were as follows: April 1
1, $5.65; and Dec. 1, $20.85.
(See V. 154,
July 1, $5.70 each; Oct.
p. 9551.—V. 155, p. 693.
cents
holders
to
stock
common
and
Coleman
1
\
"•1
•
April
payable
value,
par
19.
for
(5) That after the reorganization there "will be HiTotfier class* Of
stocn
outstanding, except common stock, the presently outstanding
preferred stock to be cancelled and retired.
-
has
payable
Accrued salaries, wages, taxes,
interest, etc.
Dividend-i-
1119
,
Accounts
Coca-Cola International Corp.—$5.50
802,253
367,664
3,599,118
13,911,311
_
and
—___
■
,
3,410,931
investments-
♦Buildings, machinery
Deferred -charges
Goodwill and patents
Stockholders'approved the
share.
a
539.
p.
and
1,969,006
4,340,712
receivables
Land
Climaxing a six-year traction war, advocates of municipal owner¬
ship triumphed as the Cleveland City Council approved a bond issue
for the purchase of Cleveland Ry.
The Council authorized the issuance of $17*500,000 mortgage revenue bonds with which stock of the
;
1940
$2,456,532
$1,249,665
Inventories
t
CHRONICLE
$1,864,018
154,126
152,565
$1,553,298
$1,711,453
I
and surplus,-
155, p. 824.
That
former
Edison Brothers Stores,
Inc.—Earnings-—
Calendar Years—
1941
Net
sales
Net
profit after charges and Federal taxes
Earnings per
1940
$33,613,756
—
common
share
„
$26,481,080
1,305 680
1,041.223
.
$3.15.
$2.51
Federal taxes in 1941 amounted to $1,230,780* compared with $411,977
1940.
...
.
4
THE COMMERCIAL & FINANCIAL CHRONICLE
1120
Mondayy March 16, 1942
'
.
Sales
—
—V.
155,
$3,412,313
$4,847,917
ended
March
Light Co.,
&
Power
as
during 1941, were as follows:
'
.
Gross
sales,
count, etc.
dis-
Thousands of Kilowatthours
•
1942
1941
Amount
157,208
72,824
104,069
.
137,j83
65,655
93,420
20,025
\
—.
Gross profit
Sell., adm. & gen. exps.
Federal, ete., taxes,.,..-
$5,410,044
3,336,315
- 638,226
tRefund, in final settle.
%
<
14.6
10.9
11.4
7,169
.10,649
Net
do not include the system inputs of any companies
appearing in both periods.—V. 155, p. 1011.
income
Net
Previous
dated Oct. 1, 1924, have
been called for redemption as of April 1, 1942, at par and interest.'
Payment will be made at the Detroit Trust Co., trustee; .201 W; Fort
St., Detroit, Mich.—V. 119, p. 2070.
$4,574,740
$3,884,098
2,916,519
2,941,810
.420,925,.;
160,161
"'"
Total
$782,128
132,191
97,120
$1,107,165
100,017
$1,667,290
$1,363,488
8,232,426
$879,248
$1,207,181
8,530,895
8,444,677
$9,601,912
350,000
945,964
$9,410,143
350,000
$9,651,859
827,719
945,964
$8,559,029
$8,305,948
$8,232,424
$8,530,895
472,982
$2.78
—.
surplus
472,982
$2.15
472,982
$1.12
4^2,982
$1.81
8,305,948
„
$9,973,238
surplus
(7% )—,
Preferred divs.
350,000
dividends
Common
can
must
other
duce
$1,237,296
.
is
A*dividend of
Dividend—
cents per share has been declared on
15
Profit & loss surplusShares
the common
par
and Oct. 1, 25 cents
Earn, per
share on com.
♦Included
each, and Dec. 27, 10 cents.—V. 155, p. 737.
invalidated
Holders
At
common
On
Dec.
20,
U.
S.
p.
—
and
lease
royalty
Total
"
12 Months Ended Dec. 31—
Maintenance
:
1,875,525
249,475
——,i'.
1940
314,226
329,214
Insurance
287,158
126,865
298,925
Earned
•'
.436,758
215,920
317,697
Provision for retirement of fixed capital
Provision for Federal income taxes,
other taxes
for
Provision
—
——
income
Other income (net)
income
Gross
Interest
on
Amortization
$1,318,583
21,341
—
———~—
—
—
Total
$1,277,335
interest
Other
23,464
Cr30,767
Interest
charged to construction——,—
Miscellaneous
Income
deductions
President
4,602
—
500,000
———
.
expenses
Charles E.
Wilson
on
General
earnings per
March
6
Federal
excess
Prov.
that
$672,915
Preferred stock dividends
Divs,
.
the
aver¬
12 Months Ended Dec. 31—
.
1941
operating revenues—
$2,738,568
Operating expenses
1,325,452
Electricity and gas purchased for resale—52,557
Maintenance
266,760
Provision for retirement of fixed capital,,369,502
1940
.
$2,406,628
1,128,097
38,707
233,748
—
taxes—-—
Provision for
211,009
income
income (net)
•
Gross
———5,470
income
Interest on
$523,765
debt
.
$559*845
363,011
;
-
36,080
$518,757
the company's general profit sharing plan
$4,704,866, compared with $4,636,208 for
1949.
Payment for the first half of 1941 was made in August, and
last week the balance of 1941 earnings under the plan amounting to
about $3,022,000 was paid to some 82,000 eligible employees.
For those
with five or more years of service, this payment will be equivalent to
3.84% of regular earnings for the last six months of 1941.
The cor¬
responding payment for the last half of 1940 amounted to about
$2,400,000 and was made to 65,000 employees.
ft was announced that General Electric was one of the first com¬
panies to adopt for its employees a payroll deduction plan for the
purchase of U. S. savings bonds, and as of Feb. 1, 1942, approximately
106,000 employees, or 86% of the number on the payroll, had purchased
or authorized payroll deductions for the purchase,
at an annual rate,
of U. £3. saving bonds with a maturity value of nearly $23,600,000.
371,860
———
long-term
•
213,339
$513,287
1.
Operating
Other
268,971
—■
Amortization of debt discount and expense.,___
2,715
15,216
Cr740
-
debt to associated companies
income
Note—No provision has
profits
V.
tax
for
either
'
$138,622
'...i.:—_
the
periods
.
covered
'
.
by
:
.
Barton of New York and W.
elected
Commercial
Now Building
6,543,198
$496,283
$5,324,032
T4.751.194
pref.
B.
155,
Both
have
been
Ford Motor Co., Ltd., England—Interim Dividend—
broad
line
of
devices
has been declared on the ordinary stock,
tax.. On Sept, 16, last year, a dividend of 6%, less tax, was paid
this issue.—V. 154, p. 1630.
!
2,653,207
2,950,350
$2,670,823
$1,800,844
1940
$1,120,583
236,251
;
revenues——
„—L,
taxes
income
_
3,230
—
debt
(excl.
of
debt
of
Taxes assumed
debt
158,878
discount
and
on
Other
charges
charged to construction
debt
associated
to
Miscellaneous
Net
income
income
6,515
4,496
6,806
Crl,419
—
deductions.,
Crl35
——421
198
$62,759
$37,359
I
———
.2,662
2^863
companies.-v
interest
Interest
9,774
'
3.101
—
Interest
159,907
7,442
expense
interest
on
$221,066
to
companies)
.Amortization
1,585:
$240,560
——
Ion-term
on
associated
96,148
$219,481
(net)—
income
Interest
—
—
37,323
101,248
$237,330
——
income
Gross
141,348
63,146
—
taxes
Other
322,464
69,584
139,331
——78,085
—
for retirement of fixed capital
income
Operating
.Note—No provision has been considered necessary for Federal excess
profits tax for either of the periods covered by this statement. Provi¬
representing
deficiencies asserted against the company for prior years.—V.
154,
.
sion for Federal income tax includes $10,942 in the current
958.
p.
district
Glidden Co.—50-Cent Common Div.—Sales—
directors
The
share
the
on
March 16.
have
ah
declared
common
stock,
A like .amount
was
interim, dividend
of
50
cents
per
April 1 to holders - of record
this issue on July 1, Oct. I and
Dec. 28, 1940, and 30 cents each
payable
paid
Dec.
on
23, last, as against 40 cents on
July 1 and Oct. 1, 1940.
during the first quarter of the current fiscal year, the three
months ended Jan; 31, showed a gain of about 60 % over the like
period ,a year ago, according to Adrian D. Joyce, President.
on
Sales
is. now
Sales
relays, contactors, and pressure and limit switches, some of which are
Ah "interim dividend of '3%
245,863
$250,421
1941
Other
Aircraft Control Devices—
aircraft control
223,005
825.
p.
operating
Federal
Clayton of Dallas, Texas, have
Vice-Presidents.
stock—,
$230,954
Provision
available from this
company, according to an announcement by G. R. Prout, Manager of
G.E.'s-industrial control division.
Included in the line are solenoids,
A
:
in
als6 applicable to tank and other instalations.
The announcement adds: "A significant part
less
on
4,519,321
$453,959
$9,843,352 $11,294,392
$1,205,416
.
$156*295
•
542,844
Maintenance
in their respective territories and will continue as such,
The election of four new Assistant Comptrollers of the General
Electric Co. has also been announced.
They are .A. B. Crouch, D. L.
Millham and G.
8/ Hyatt of Schenectady, and C. E. Anderson
of
Bridgeport, Conn.
•
'
*
statement.—
this
.
$1,039,127
314,030
9 000
3,525,000
—
managers
been considered necessary for Federal excess
of
154, p. 958,
F.
been
1,732
•
Net
T.
10,633
Otner interest
$767,989
———;
deducts.
156,787
4,064,000
Operating expenses
jt_—
212,799
Electricity purchased for resale-.,—r———371,460
New Commercial Vice-Presidents—
4,850
charges____
—'
16,393
Interest charged to construotioni—Cr3,319
Miscellaneous income deductions,,,,
1,336
Interest on
9,000
335,000
other
on
Gross
received by employees under
the full year
1941 is
Gross
1,595.343
165,787
12 Months Ended Dec. 31—
amounted to
for
Florida Public Service Co.—Earnings—
14.492,655
3,045,318
Georgia Power & Light Co.—Earnings—
of the company.
The average number employed by General Electric during 1941 was
109,689, compared. with 76,314 during 1940; and total earnings of
employees amounted to $257,364,000, compared with $153,497,000 a
year earlier, an increase of 68%.
There were 122,840 employees on
the company's payroll on Dec. 31, 1941, not including employees of
affiliated companies or the 2,800 General Electric men who were in
military service at the end of the year.
Mr.
Wilson also announced that the total amount which will
be
222,125
provision has been considered necessary for Federal excess
profits tax for' either of the periods covered by this. statement.—
V. 154, p. 958.
17,963,720
3,413,400
2,255,530
*
371,800
Balance
the history
Note—No
221,700
8,305,948
$2,346 in 1941, compared with $2,011 in 1940, and were the highest in
$627,307
222,125
—
1,197,358
276,579
316,394
239,548
—
$37,696,790 $33,961,708
profits
income
and
,
income
Net
$205,501
depreciation,
for
Gross
Int.
500,000
1941, $75,773;
employee
'
,
1,521,740
—,
income
Higher—
announced
Electric Co.
1941
$288,451
1942—12 Mos—1941
$3,078,764
(gen'D-
Federal
$26,076,134 $25,143,675
for doubtful accounts and for discounts:
1942
$3,383,259
for taxes
Prov,
; 1,000,000
8,559,029
——-———
——
annual
age
Co.,
the liqui¬
Jan. 1 to Feb. 28
1941
$27,075
1942—Month—1941
revenue
Operating
$709,820
—V.
38,518
Cr3,072
5,223
,/
$1,127,419
General Electric Co.—Employee Earnings
86
Trust
Georgia Power Co.—Earnings—
1940, $75,733.—V. 154, p. 1263.
503,123
106,772
.
—
charges
_w———
—
reserve
Industrial
1012.
p.
Period End. Jan. 31—
47,682
long-term debt-,,—516,665
of debt discount and expense—7
152,423
assumed on interest,
Taxes
155,
Gross
surplus
trustee,
$32,350
Net income
$1,229,674
$1,339,924
,
114,859
—
♦Less
Operating
136,918
—
resrve
the
1942
(est.).,,.
revenues
—V.
389,275
429,839
$4,124,188
1,774,008
78,345
to
Week Ended Feb. 28
.Period—
5,000,000
5,298,410
3,899,658
1941
—
259,282
taxes,,——691,618
$4,728,182
Operating revenues—
—
Operating expenses ———
——
—
Electricity purchased for resale,———;—_
surrenderd
Georgia & Florida RR.—Earnings—
Oper.
preferred stock
cum.
be
have declared a dividend of 25 cents per share on the
stock, payable April 1 to holders of record March 19.: This
with quarterly payments "of 50 cents each made on April 1,
July 1, Oct. 1 and Dec. 27, 1941,—V. 154, p. 1004.'
2,260,513
($100 par),
5,000,000
Common stock (472,982 no par shares)
5,298,410
Capital surplus
3,899,658
Special capital reserve accumulated pursuant to
requirements of charter,,1,000,000
7%
pur-'
compares
•
Provision for Federal income
that
common
$26,076,134 $25,143,675
payable and accrued liabilities,—,—
Accounts
(& Subs.)—Earnings—
notified
The -directors
1
2,259,019
—.'-.a.,
—
Liabilities—
should
cates
(less res.
—
,
are
General Time Instruments Corp.—Smaller Dividend-^-
1
and other prepaid expenses
Insurance premiums
...
contracts
certificates
47,750
2,309,898
—
amortization),,
fund
trust
to
Wilmington, Del., on or after March 23, 1942, in order that
dation payment may be promptly remitted.—V. 143, p. 1078.
1940
44,750
;——
buildings, machinery, equip., furniture &
fixtures, at cost (less reserve),—
Cost of license to use cigar machines operated
statement appearing in the "Chronicle" of March 9,
is for the quarter ended on the dates indicated.—V. 155,
.
the
Land,
under
7
Corp.—Liquidation—
the provisions of
the indenture dated July 21, 1936, as
between corporation, Industrial Trust Co., Wilmington, Del.,
as
trustee, and the holders of General Reserves Corp. series A' trust
fund certificates, the trustee has received notice from United Re¬
sources
Corp,, successor sponsor, that the above certificates will be
liquidated and the fund terminated as of March 2S, 1942.
Certifi¬
$3,639,607
1,591,689
1,775,415
15,324,564
cost,,..:.—,—2,781,459
at
A
vital as.it
1012.
p.
amended,
Federal,
*
$1,336,996
Goodwill, trade-marks, patent rights, etc
earnings
Florida Power Corp.
under
for
series
155,
Sheet, Dec. 31
receivable
Mortgage
First National Stores, Inc.—Correction—
1012,
1012.
paid
provision
16,947,811
securities,
receivable
Govt,
for
page
taxes
1941
Inventories
cents per share has been declared on
the common
stock, par $10, payable April 20 to holders of record April 4.
A
similar distribution
was
made on Jan. 20, this year,
and in each
quarter of 1941.
In addition, the company paid a year-end dividend
of 50 cents per share on Dec. 15, 1941.—V. 155, p. 502.
The
Balance
banks and on hand
in
♦Accounts
Firestone Tire & Rubber Co.—25-Cent Dividend—
A dividend of 25
.
t.Of processing
Adjustment Act, less
Assets—
Cash
regular 25 cents quarterly dividend.—V. 154, p. 1377.
to the
sales.
Consolidated
regular monthly meeting held on March 11, the
a dividend for the quarter of 25 cents per share on
stock, payable March 30 to holders of record March 21.
last, the company paid a special of 50 cents in addition
adjourned
an.
directors declared
the
of
cost
in
Agricultural
of
the problem,
to
answer
the future."—V.
175,000
income taxes thereon;
Traction Co.—25-Cent Dividend—
Federal Light &
par),,,
(no
satisfactory
the appraisal of
to
General Reserves
out¬
common
standing
$5, payable April 1 to holders of record March 20.
Pay¬
ments during the year 1941 were as follows:
April 1, 20 cents; July 1
stock,
be just no
to
moment
suant
Mfg. Co., Inc.—15-Cent
Fedders
places
of their normal products. - Others, > like General Motors,
liquidate thpir normal production and develop capacity to pro¬
entirely different products.
Still others will find them¬
selves in a position where they cannot continue to produce or cannot
continue even to merchandise, simply because the economic resources
necessary in the production of the things they have been making, or
handling, are demanded in the war effort.
There appears at the
they
'
'
,
69,613
—
—
":,.r
dealer's
Mr.' Sloan adds: "The diversion of "such a large part of the Nation's
productivity to the war effort" means dislocation in a business way
that will* affect, and' seriously so,
in one. Way or another, a large '
percentage of our business enterprises.
We do not yet vfully realize
what it means, <; Sbme will be extended to the utmost to produce all
$4,297,277
2,964,710
225,403
,
1,064,209
income
bonds,1
total of $13,000 of first mortgage
1938
$1,597,677
Other
Evans-Winter-Hebb, Inc., Detroit—Bonds Called—
A
Years
1939
Crl 62,174
The above figures
not
1940
sales
Of
—
Operating subsidiaries of—
American Power & Light Co.—_—
Electric Power & Light Corp.—,—
"National Power & Light Co..
—
for Calendar
Account
1941
■'
■
question as to,,the distribution by General, Motors
of business'on a subcontracting basis of orders
for materials for the. war effort, Mr. Sloan said the
-proposal is un¬
fortunately impractical from an operating standpoint.
into
$22,013,547 $19,185,362 $18,966,345 $20,154,402
16,289,213
14,231,350
15,082,247
15,857,125
Prov. for depr. & amort.
314,290
379,272
V
"
Cost
+
..—Increase
less
r
the
Discussing
Inc,—Earnings—.
Consolidated Income
System inputs of client
which are subsidiaries of
& Light Corp. and Na¬
compared with the corresponding week
the
1942,
5,
operating companies of Ebasco Services, Inc.,
American Power & Light Co., Electric Power
tional
'
,
that.area.
General Cigar Co.,
Services Inc.—Weekly Input—
week
the
,
824.
p.
Ebasco
For
1942— 2 Mos.—1941.
1942—Month—1941
$2,399,117
$1,771,319
.
Should certain dealers decide to liquidate under conditions
mutually
agreeable as between the dealer and 4he division,-the-division may offer
a partial settlement of losses incurred
in leasehold liquidation, if such
liquidation will not impair the availability of service to the owners in
The corporation has been under supervision of the Treasury for
several, months.
In, February, the Department took, title to 9/'/< of
the stock
which was registered in the name of foreign nationals,
—V. 155, p. 824.
"
February Sales—
Period End. Feb. 28— *
■'
t
.
of this company's in¬
dustrial control engineering, production,
and research facilities are
being devoted to the new line.
The latest advances in metals and
fabrication are thus being used in the design and production of air¬
craft control devices to; assure minimum weight and size for opera¬
tion at great altitudes under wide ranges of temperaturb "and very
severe vibraticn conditions,"—V. 155, p.
1012.
'
,
.
the
All
V.
during
the
fiscal year ended Oct. 31, 1941, were the largest
history, amounting to $68,901,706./
factories are operating, at capacity currently.—
company's
the
155,
company's
p:
190.
,
Formica Insulation Co.—50-Cent Dividend—r
dividend
A
of 50 cents per
share has been declared
on
the common
■
stock,,no
par value, payable April 1 to, holders of record March 14.
Payments of like amount were made on July 1, Oct. 1 and Dec. 23,
last, as compared with 25 cents on April 1, 1941, 50 cents each on
Oct. 1 and Dec. 23,
—V.
1940, and 25 cents each
on
"
154, p. 1191.
April 1 and July 1, 1940.
"
(W. T.) Grant Co.—February SalesPeriod End. Feb; 28—
Sales
General Motors Corp.—To Aid Dealers—
'
The- directors
a
dividend of 50 cents per share on
value, payable April 1 to holders of record
March 18. Payments in 1941 were as follows: April 1, July 1 and Oct.
1,
50 cents each; and Dec. 24, a year-end of $1.—V. 154, p. 1728.
the
have
stock,
common
declared
no
par
Aniline
General
&
Film
Corp.—Stockholder
Drops
Action—
The
Delaware
Chancery
Court dismissed
March
11
a'
stockholder's'
petition whieh sought to force the election of new directors of the
corporation.
The petitioner, Dorothy P. Kahley of Shelter Island, N. Y., moved
for dismissal, saying Secretary of the Treasury Morgenthau had pro¬
tected minority stockholders' interests by seizing control of 97 <i< of the
stock under an executive order.
Mr. Morgenthau announced the action
Feb.
16,
saying
the
-
corporation
formerly
was
owned
by
foreign
nationals.
Managing Directors Selected by Secretary Morgenthau
Robert *E.
McConnell,
Robert
E.
Wilson,
George
Moffett
and
A.
E.
on March 10 were named by Secretary of the
Treasury Mor¬
genthau to act as managing directors of the corporation.
A meeting of the present board of directors of the corporation has
been called for March 16, it was explained, at which time the by-laws
will be amended to provide for a smaller board, the present board
being 12 In number; the four men elected by the Government will
Marshall
lie
installed
as
present bo&rd
managing directors: and the President and the entire
will be asked to resign.
a special message to General Motors dealers on March
7, Alfred
Sloan, Jr., Chairman, pledged that General Motors Corp. will do
everything possible to assist dealers to maintain the strength and
soundness of their operations during and after the war.
A series of
steps are being taken by the corporation to relieve the difficult situa¬
tion caused by the discontinuance of passenger car and truck production and the turning
of the corporation's manufacturing facilities
completely over to the war effort.
Mr. Sloan said: "It is intended that those dealers who have accepted
•
their responsibility of
maintaining active service facilities for the
duration, involving at the best a reduction of profits, or perhaps the
acceptance of losses, shall be provided with an opportunity to regain
their position after. the war as compared with other dealers who
might at that time be newly appointed.
"For
is resumed, from the
cars
available for domestic distribution, General Motors will extend
priority, in car shipments to dealers whose active service has been
continuous during the period of suspended production, before making
any cars available for
new
dealers.
This will be on the following
basis: After setting aside a reserve of 15% of the resumed production
available, to satisfy changed conditions of demand, such dealers may
purchase from their division the same annual percentage of the
•resumed production as they did during the model year 1941, plus a
bonus of 40% of such percentage, subject to the availability of cars."
In the matter of reappointment of dealers, Mr. Sloan said it would
be the
had
to
a
Mr.
of two
years
after production
policy
been
the
period
to accord first consideration to those whose
terminated under conditions which were mutually
dealer
Sloan
and
the
for
the
to
the
Domestic
and
Subsidiary Companies 1
Foreign
Calendar Years—
1941
'
194Q
$
"Net
Cost
sales
goods sold—
Depreciation provided .
—232,092,070 152,200,919
—
10,474,247
41,155,291
Operating
profits
Total
r
Interest
on
_
—
1
funded
and
miscellaneous
Dividends
not
and equity in undist.
wholly owned.——,
—
debt
earns,
of
1,571,353
subs.
income
taxes
.Foreign taxes
Provision
Net
$5
for
convertible
.
590,802
46,189,062
18,282,803
2,363,914
4,609,101
7,480,698
contingencies.
7,000,000
preferred stock dividends
dividends
1,000,000
12,831,397
profits
Common
1,653,692
.
652,725
.
—
States
1,087,607
20,527,297
f 18,876,967
:
Profits
United
19,439,690
1,535,074
48,413,140
—
profits
10,089,303
35,810,167
46,878,066
w.,:
Selling, administrative and'general expense
Other income
$
330,599,674 217,540,079
—_
of
agreeable
10,309,788
3,190,653
3.228.160
—2,826,899
2,569,534
6,813,845
—
Surplus
Shares
refurn
division^ of
new
1942 model passenger cars, accessories and renair parts in cases
in which the dealer may elect to do so to balance his inventories,
provisions
.
4,512,094
contracts
division.
announced
1942—2 Mos.—1941 •
$6,771,033 $17,399,650 $13,426,023
637.
l Including
P.
Co.—50-Cent Dividend—
p.
(The) Goodyear Tire & Rubber Co.—Annual Report—
In
Franklin Process
1942—Month~-i$41
$8,416,503
:—
—V. 155,
•„——
common
stock outstanding
Earnings per share
'•'Returns,
discounts,
—.
company
sales deducted,
:
freights,
(no par)
2,059,168
1
allowances,
2,059.168
$4.68
excise
taxes
$3.44
and
inter¬
flncludes exafess profits taxes of $11,436,015.
*.»■'•. «p.;)<i
Volume 155
;
,
'
;
1941
■
cents per
of 25
Consolidated Balance Sheet,-Dec. 31
/
•
i Assets—
.
COMMERCIAL
THE
Number 4055
last year.
1940
.
for
No
share
this issue
on
made
were
Nov.
on
previously
15
the
on
and
Dec.
15,
Canadian Government securities
A
dividend
Accounts and
notes
Inventories at
cost
Cash
held
(per
receivable
U.
S.
176,588
25,980,561
74,203,869
with
43,700,761
——
83,009,592
2,818,565
contra)
^Land,
buildings,
cost
Goodwill,
2,175,484
and
trade
and
1
1,573,125
—_
Total
225,083,056 200,615,941
Foreign
Accrued
U.
Accrued
foreign
Accrued
interest and
S.
taxes
7,107,783
dividends
U.
S.
contracts
Govt,
2,818,565
(contra)
collat. trust bonds, ser. A
by
the
694.392
stock
stock
(no
9,217,219
9,015,013
—
preferred
par)
shares)
64,263,200
63,045,400
:_
10,997,523
10.997.523
Capital
surplus
.19,204,255
Earned
surplus
35,755,623
18,964,059
28,941,778
225,083,056
200,615,941
(no
par)_
:
_______
net
—
"(Represented
shares
of
reserves
in
by
$115,215,929
630,454
no
$108,387,811 in 1940.
1941 and 642.632 .no par
and
1941
in
shares 'in
par
1940.
(Represented by 2,059,168 no par shares in
155,
1940.—V.
2V2
$12,710,193,
Deductions
was
stock
share
sales of the
Net
to
for the
income
a
equivalent
the
taxes -amounted
Wilbert
the
Wear,
and
to
1942, he
at
111%
in
A
completed
was
1940,
in
The
taxes,
the
against
second
to
1941 and
f
only
forge
and
Downs
to
operation
Jan.
on
a
June
2,
the
and
the
During
both
1941,
March
on
share
declared
extra
an
the
20,
March
30
26.—V.
Coal
31
made
company
June
Dec.
on
payable
dividend
and
30,
of
5
cents
share
per
holders
extra
Sept.
155, p.
to
of
distributions
and
of
5
of
extra
an
the
35
cents
20.
each
cents
per
600.
of
fraud
in
two
the
imposed
were
Colo.—V.
105
and
interest.
Payment
will
be
made
70 Broadway, N. Y.
at
the
155,
Mining £0.—Promoters Sen¬
by
of
26 reported
stock
common
District
Judge
of
dividend
A
Company
after
of
all
reports
provision
of
for
of
.stock,
for
the
to
income
share
a
arid
profits
excess
equal
was
for
$10,810,000,
Federal
the
the
on
earnings
These
Provision
to
of
and
taxes,
reserve
a
Symes ,in
U.
S.
1,303,255
with
compare
to
$3.11
common
a
and
income
profits of
share.
have declared a dividend of 10 cents per share on
stock, par $5, payable March 31 to holders of record March
with quarterly dividends of 15 cents per share paid
-and, in addition, an extra distribution of 15 cents per share
directors
last
year,
was
made
the
on
stock, on Dec, 30, 1941.—V. 154,
common
dividend
resulted
31 V\
of
stock,
cents
payable
the same as
paid
from
paid
April
on Dec,
2-for-l
a
62 y2
to
1941, on the present common stock Which
split-up
cents per
Central
share has been declared on the com¬
holders of record March, 18.
This is
per
1
20,
September,
in
last.
41,536
155, p.
old
The
quarter.—V. 155,
share each
System—Carloadings—
Mar. 7, '42 Feb.'
Week Ended—
p.
profits
excess
amounted
with pro¬
taxes
in
1940.—V,
Great
F.
J,
plant
present
of
requirements
this
estimated
of
company of necessary materials through
The
company now
has on order nine
approximately $2,000,000;. 1,000
and 23,000
of
tons
steel
new
approximately $1,500,000.
Estimated
stantial
of
increase
reconditioning
Delivery
the
is
1,000
under
Of
Diesel
freight
this
year's
the
in
of
All
five of
locomotives
the
remaining six
>
28, '42 Mar. 8, '41
42,209
34,950
road
in
Federal
Penn.
Federal
Month
latter
equipment
now
profits
'The
County
Feb.
ICC on
be
5,400
railroad,
par
service
and
1.000 horsepower,
in
one
and
after
Gross .profit
;
.
155, p. 1013.
$2.22
for
past
(Consolidated
income
excess
$2,416,482
$2,028,083
113,135
92,780
1,275,041
994,508
15,988
14,949
201,020
182,155
11,400
135,455
108,301
7,600
77,697
7,600
-
16,162
—.
profits
13,154
depreciation,.
income
and
"On
Account
other
•
18,750
15,834
192,916
,
.
$44,243
$534,353
stock
.
19,173
214,566
237,555
$25,070
5,513
.
Balance
$319,787
$307,966
5,585
66,728
67,014
...
$30,510
—V. 155, p. 825..
Calendar
for
$19,486
$253,059
(&
$240,952
31,
.
$583,167
2,670;
—
:
_____
leases
15.439
1.202
and depletion
amortization of plant
taxes
income
5,771
—
—
for, depreciation
for
Federal
256.712
—-1—'.
Provision
General
$585,838
—
;
.
Provision
165,119
.
acquisition adjustment-
16.665
—
______
,
taxes
on
Amortization
■
Other'
11938
$6,113,730
$13,792,078($12,912,327
$11,098,189
5,530,399
372
of
$85,737
.
long-term
debt
for
"
—
:
15
cent"
•
RR.—Earnings-
((3,468,103
2,056,610
$5,943,925
$5,908,046
______
1,560,000
1,087,300
$6,233,304
31
Dec.
at
surp.
.
1941
$1,180,400740,268
income
$329,488
_T
109,702
126,140
115,325
100,529
$104,461
$213,463
———
rents—I—
income
——__
4,436
3,365
$108,897
$216,828
——
——
$440,132
!
income
$4,126,255
18,272,546
17,440,966
14,534,129
Miscellaneous
13,734,341
$24,216,471
$23,349,012
$20,767,433
fixed
deductions
from
income——
charges
3.022
3.002
42,101
37,341'
$63,774
$176,485
—
$17,860,596
Net
income after fixed
—V.
surplus
1942
$1,346,813
—1,017,325
operations
and joint facility
railway operating
Other
Total
—
'
—
Earned
Shares
Dec. 31_
surp.
stock
com.
155,
charges
—
825.
p.
1,269.220
1.269.220
2,057,247
2,057,247
$20,890,004 $18,272,545
of
685,749
♦Company only.
lower
of
cost
or
and creamery
$6,76
(net)
loss
and
and
scrap
income
reduce
products,
creamery
1941,
Pennsylvania
discounts
amounting
to
$261,294,
retirement
on
of
fixed
of
and
(Consolidated
((Includes
figures.
mortgage
bonds,
5%
holders
the
due
of
1952
these
of
bonds
the
$4.17
Industrial Rayon
view
a
with the City of Indianapolis for
litigation.—V. 150, p. 3979.
out
requesting holders
to allow them
are
company
with
negotiations
685.749
in
1940,
to
purchase
31,
to
1938
commitments
profits
excess
April
on
dividend
paid.
were
into
long
the
Corp.—50-Cent Dividend—.
year-end
a
amount
disbursed
of
50
Distributions
1, July
and Oct.
1
and
cents
of
50
March
cents
1941.—V.
1,
declared
each
155,
the
on
16.
regular
a
Oa
dividend
also
were
601.
p.
Interlake Steamship Co.—25-Cent Dividend—
($140,060)
Dec.
last,
and
HAdjustment
at
15,
like
of
miscellaneous
charges
Federal
Dec.
entering
settlement of
a
regular dividend of 50 cents per share lias been
common stock,
payable April 1 to holders of record
((Profit
tax.
other
market
or
provision for market decline in
and
($104,823).
$60,254
($39,655),
represent
A
income
interest
less
assets
inventory from cost to lower of cost
($795,353),
tax
includes
first
depreciation
(Includes adjustment to reduce inventory from cost
market at Dec. 31, 1939, $107,406.
§ Profit from
products, discounts and other miscellaneous income,
""Also
1939.
for
of
drawn
$7.24
expenses
miscellaneous deductions of $51,848 in
in
$14,534,129
685.749
$6.81
included provision
and equipment of $797,743.
plant
to
$17,440,966
685,749
and
Cartwright & Parmelee, 70 Pine St., New York,
to
out¬
cost
Indianapolis Gas Co.—Bondholders Solicited—
______
1,269,220
2,057,247
standing (no par)—.
Earnings per share—
1941
1,750,000
______
1,269,220
2,057,247
dividends-—-
The directors have declared
stock,
common
March
July
25
1,
no
payable
during
1,
Oct.
each;
cents
dividend of
a
value,
par
Distributions
12.
1941
75
25
April
were
cents
1
as
and
cents;
per
share
holders
to
follows:
Dec.
23,
the
on
of
record
1
end
$2.—V.
152,
April
1284.
p.
$839,705.
Balance
Sheet,
Dec.
International
31
Assets—
1941
Cash
1940
$1,058,170
Mdse.
Supply
advs., prepaid Ins.,
etc
1.637.580
16,364,480
inventory at lower of cost or market,
and repair parts___
$3,735,071
3,099,473
—
9,528.095
368,118
A
of
Shoe
cents
45
ner
h«s
been
declared
stock, payable March 25 to holders of record March
115
$10,567
on
14.
Dividend—
Co.—45-Cent
per
share has been
declared
325.503
were
241.724
and
disbursed:
50
Sales
payable
for
Reserves
Dividends
and accrued
$1,679,582
cents
25
on
each
cents
Nov.
on
1941.—V.
28,
Silver
Nov.
155,
27,
1939,
and
and
liabilities
State
for
$1,337,759
2.447.454
1,021.999
—.—
874.600
1,521.700
preferred
stock
stock
271.351
surplus
If Treasury
:
271.351
—:—__
728.649
728.649
3.297,212
20.890.004
18.272.545
3,795,448
3,795,448
-
stock—Dr.
Provision
Provision
Net
i
—V.
$30,613,764
$25,103,223
♦After
for
reserve
and
$12,003,529
(After
in
debts
bad
and
pa*"
$146,357
in
1941
and
155,
p.
by
271.351
no
shares.
D«r
(IRepresented by 17.507 shares
shares.
shares of common stock at cost,
155,
p.
March
the
common
Distributions
the
—V.
directors
share
17.
In
company
154, p.
have
the
on
declared
common
addition
also
1302,
to
an
the
stock,
the
usual
1,703.072
1,795.000
taxes
328 000
special reserve—
250.000
share
common
1507000
$1,468 307
$1,225 072
$12.26
$9,45
—
826.
Stores, Inc.—Sales Up—
February—
1942
$1,980,504
lQ4t
$1,607,356
1940
$1,357,691
1013.
semi-annual
$1.
and
April
ouarterlv
1
to
holders
pavment
dividend of\50 cents
on
at
Dec.
dividend
of $1
on
of
3
50 cents
of
record
this
rate,
26,
1941.
totaling 4 cents
to
cents
were
of
2
cents
per
share
the
on
common
stock,
preferred stock, par $25. have been declared,
the
pavable March 28
per
Sent. 30, last, as against
,
quarterly dividend of
payable
regular
extra
1264, 152.
3,513.307
Investors Royalty Co., Inc.—2-Cent Common Div.—
A
par
both
Holland Furnace Co.—Regular Dividend—
per
profits taxes—
Sales
—V.
1940
$23,960,000 $17,698,145
-
excess
Interstate Department
of
1940,
1941
(Represented
no
of
for depreciation of $12,565,264 in
reserve
1940.
discounts
and
income
Montjh
Total
for
for
Earnings per
3 297.212
—
—
Surplus at organization—
Earned
Federal
1.021.999
past service annuities—
(Convertible
§Common
1,769.840
3,875.974
taxes
28,
Co.—Earnings—
-
before
Nov.
157.
p.
1941
—
Profit
—_—-
Federal
payable
common
9,635,249
--
affiliated .companies
to
the
payable April 1 to
$30,613,764 $25,103,223
Liabilities—
on
holders of record March 14.
A like amount
was
distributed on Jan.
1, last.
Previously the company paid 37'/2
cents
per
share each quarter and, in addition, the following extras-
9,546,279
(Land, buildings, machinery and equipment, etc.
dividend
stock,
177,243
.
Convertible preferred stock and 42,900
—V. 155, p. 52.
958.
of
31,786
11900,176
Federal
tax
pref. stock divs.__
The
dividend
Belt
Railway tax accruals
Net
See I
§Represented bv 728 649
Harnischfeger Corp.—15-Cent Dividend—
A
Harbor
Month of January—
Railway operating revenues——
Railway operating expenses_
Equipment
adjustment—
11,790
'
(loss)
p.
$43,220
income
Net revenue from railway
*
■
84
debt
discount and expense
interest
154,
26,753
601,
p.
distribution
Net
—V.
—
5,066,038
38,822
_______—____—
Net earnings
Interest
50
31,370
property___„______
;
operating
Indiana
Years
$7,793,304
mis-
charges-.-
$126,741 in 1940.
;
68
;
$39,000
operating
taxes
155,
no
$7,964,656
Reserve
operating Income——!
Non-productive well-drilling expense----
-
of
$9,412,029
Payable
—
——
82,240
$70",023
25,588
of
lease
81,580
Charges
.
1941
—
Operation
96,209
$70,438
,_l_—_
—
International
Non-operating income (net)—'
"Maintenance
'
'
expenses
income
—V.
$6,032,151
Accounts
Operating revenues
$152,263
Calendar Years—
Subs.)—Earnings-
12 Months Ended Dec.
for
Earnings
Abandoned
shares
"1939
Total
Corp.
for
Net
em¬
.
Gas
Hamilton
148
$166,647
revenues
operating revenues
Operating
Net
and
§411,376
Salesmen's
Total
Net
Total
Conv.
$545,520
$36,023
________
pref.
on
1941
$152,4-11
162
revenues_________,_„___
190,000
$50,577
14,553
_______
deducts..
income
Net
.
685,749
"1940
♦Accounts receivable
Divs.
Operating
$2.13
officers
$7,381,928
oper.
.
Int.
figures.
of
§315,512
Common
from
1942—12 Mos.—1941
$186,806
.
(gen'I)_.
Federal
Gross
$2.26
annuities
§603,918
$88,811
$227,765
taxes
for
service
$7,649,144
from
profits
scrap
1942—Month—1941
expenses
1942
$166,809
'
—
operating
1,021,999
$8,808,111
Note—In
No. 2,
coupon
January—
revenues
Uncollectible
.
Co.—Earnings—
revenue
Federal
Prov.
$1,460,094
1,021,999
6,142,935
Earned
Ohio RR.—Interest Payment—
Period End. Jan. 31—
for
$1,803,609
1,021,999
income, -less
Net
of
Operating
Operating
6,991,048
income
persons
Indiana Associated Telephone Corp.—Earnings—
13,224
$15,799,159
cellaneous
less
Prov.
151,595)
sales___
Total
'
Monroe
April 1, 1942, interest
Power
Operating
to
33.743
$1,778,133
on
profit
Other
indemnity
$500.
The annual premium is
between the ages of 16 and
totaling
346,204
sell. & admin, exp.
""Provision
by
commerce,
from
165 Broadway, N. Y. City.—V.
paying agent,
Gross
15,902
115,939
"1941
Inventory
due April 1, 1942,
on the 5'v
general mortgage income bonds, series A, due Julv 1, 2015,
should be presented for payment at the Chemical Bank & Trust Co.,
Gulf
expenses
available
89,705
Comparative Income
service,.
yard
and
stock.
common
Net
certificate
a
foreign
extending
Gulf Mobile &
On
228,622
2,954
$150,000.
or
medical
253,072
$2,081,887.
484,299)
tax
provision
death
policy is
65.—V. 155, p. 157.
horsepower
permitting (1) abandonment,
the company of its entire
to Apalachee, approximately
18.85 miles, in Walton and Morgan Counties, Ga*. and
(2) abandon¬
ment of
operation, under trackage rights, over 0.84 mile of line of
Central of Georgia Railway,-in Morgan County, Ga.-—-V, 142, p. 624.
of
18,778
declared
ployees of
Montana.
RR.—Abandonment—
issued
21
and
interstate
to
249,256
tax
Income
(Includes
policyholders
policy now being
covers
The
Rent
Net
February—
Greene
as
379,231
expense
Dividends
Ship.,
-W42
1941
Increase
Sales
$3,515,615
$2,996,049
$519,566
At Feb. 28, 1942, the company had 151 stores in operation, as com-,
pared with 149. stores a year previous;—V. 155, p. 638.
line
$2,704,660
„
franch
policy
$1,828,815
110,519
$25
1013.-
p..
of
$2,594,141
170,317
and
Total profits
;
$10.
year,
.(H. L.) Green Co.—February Sales—
(
750,318
976,890
tax—
excess
Interest
783,515
tl,010,291
disposed of———,—
income
accident
of being struck or run down by an automobile.
principal sum in case of death is $2,000, with weekly
The
Month
income
State
for
coverage
new
sequence
$3,556,023.
$2,555,056
,
Issues
—
Policy—
is offered in a new type of
issued by this company.
injuries sustained by the assured
while
operating,
riding
in,
demonstrating,
adjusting, repairing
or
cranking a private passenger automobile of the pleasure car type;
in
consequence of the explosion or burning of an automobile; while
riding as a passenger in a public passenger automobile and in con¬
The
257,482
-
allowed
assets
on
11939
1940
$4,387,947
Broader
automobile
933,372
________
discounts
has begun and is'
will be augmented by.
The
program.
common
$2,297,574
income
cars.
cars
the
on
of
expense.
profit
Cash
Loss
1941
1,085,596
•Earnings per share—
\
"on order" Diesels will be
be .used
which. will
"V.
..
company's shops.
on
order, three will
and will-be used .in freight service in
•4V. .155,
-
.
of locomotives and
on
Net
In
wages
of--2vOOO boxcars, ordered -last
completion-by July 1,
These
construction
the
the
connection with the-proposed
equipment programs is $20,000,000, a sub¬
1941 labor costs for improvement of track and
over
boxcars
to
priorities.
and
for
scheduled
.
way~
Completion
availability
and
-
for
expenditures
maintenance
$26,500,000.
Government
Diesel locomotives, to cost
50rton boxcars,-to cost $3,000,000;
20,000 tons of fastenings to cost
.new
rail
toward
materials
war
continued
the
on
expediting
and other,
equipment
new
its'
of
declared
sales—$4,316,542
on
Gross income
maintenance
that
increasing tonnage of
will cost this- road over
contingent
is
program
March-5,
profit
Other
"
been
Hershey Chocolate Corp.—Earnings—
Ry.—Expenditures Estimated—
acquisition
of the
; '
824.
p.
Ga.vin,
and
transportation
traffic
155,
Northern
President
statement
company's
has
3 Months Ended Dec, 31—
Shipping expense
Selling and general admin,
common
156.
1013.
New Auto Accident
no
Gross
582,
p,
Ilygrade-Sylvania Corp.—31J/4-Cent Dividend-—
A
mon
—V.
par value, payable April 1 to holders of record
March.18.
1941, the company made the following distributions: April 1,
July 1 and Oct, 1, 25 cents each; and Dec. 26, 50 cents.—V. 154, p. 1264,
$6,121,357
net
share
per
at
City.—y. 152, p. 1434.
Corp.— 25-Cent Dividend—
cents
25
Court
This compares
Illinois
During
equivalent, after pay¬
outstanding preferred
shares of common stock
showed, compared
vision of $2,200,000 for Federal income taxes the previous year.
Consolidated net sales increased 45.5%
to $211,454,790 from $145,-
354,278
stock,
contingencies.
Earnings were
$5 a share dividend on
$5.02
which
1940,
of $8,608,324 for 1941,
$983,052 representing all
profit
net
write-off
a
regular
outstanding.
in
including
investments and accounts receivable in the Far East,
Federal
$6,000,000
ment
consolidated
a
charges,
the company's
of
The
company,
Indemnity Insurance Co. of North America
Hercules Motors
(B. F.) Goodrich Co.—$8,608,324 Profit for 1941—
that Amos
362.
p.
Cars loaded
Hanover
154,
common
16.
Central
the
issue:
cents.—V.
Hummel-Ross Fibre Corp.—Smaller Dividend—
The
gold bonds, due
April 1, 1942, at
Bank & Trust Co.,
this
on
40
18
Mining Co.—Bonds Called—
total of $79,000 of first
mortgage 5% sinking fund
Oct, 1, 1958, have been called for
redemption as of
1,
on1
stock
A
Oct.
sale
com¬
March
common
compares
years' imprisonment, George Hawley to
share
per
on
record
This
made
were
and
cents,
th<*
on
16.
J. Boyd Henri to one year imprisonment
22,
steel
regular quarterly dividend of 10 cents
stock,
mon
have
March
last
Department of Justice Feb.
sentenced to
was
VDenver,
r
directors
2,
payments
65
Consolidated
and
(Walter E.) Heller & Co.—5-Cent Extra Dividend—
The
Jan.
on
•
sentences
1940.
letter
holders of record
paid
following
cents;
35
declared
share has been
per
to
charges
excess
in
his
in
1
months* imprisonment and
equipment for the
the first of which
shop,
commenced
company's
$269,665
cents
share
the
1941
1,
tenced
was
making department operated
theoretical capacity,
during 1941, compared with 61.4%
gain of 80.8%.—V. 155, p. 1013.
of
,.
1004.
The SEC
Federal
reports
plant
new
1941,
696.
p.
1940
40
per
Humboldt
183,300
on
in
shares.
including
company,
additions
January,
states..
or
of
net
$685,132.
totaled
year
that
State
$1,964,858
President
stockholders
share
a
income
net
of
cents
During
p.
for the year ended Dec. 31, 1941, amounted
with
$4,814,138
in
the
preceding
year.
company
Federal
$4.84
to
while
number
same
of
payable April
50
March
times
year
outstanding,
on
compared
for
Helvetia
Total
'After
than
more
common
equal to $1.89
—
10,123,568
_
cumulative
(Common
1941
shares., of
38,500,000
3,000,000
4,486,416
38,000,000
2,000,000
Contingent and miscellaneous reserves
Capital stock of subsidiaries not held
(authorized
107,138
1,500,000
500,000
,
conv.
5,978,341
V 96,409
;
—
3,510,526
9,654,440
—:
payable—
Bonds and serial notes payable within one year
under
1,972,211
2,627,366
—j!
—
taxes—
3V2% "first mtge. and
1 '/a % serial notes
9,177,530
14,137,106
payments
advance
pay.
company
sales
corporation
*
and customers'
bank overdrafts--
t$5
of
profits
Liabilities*——
Advances
net
greater than in
1940, net
ended Doc. 31, 1941, amounted to
$886,754 after expenses, depreciation and provision for Federal
taxes,
compared with $345,645 for
1940, according to the
annual report.
The
marks———
Prepaid insurance and other expenses—
Accts.
78,267,017
1
633.018
equipment,
——
—
patents
1,402,129
78,315,965
reserves
machinery
___.
—
155, p. 503.
Harrisburg Steel Corp.—1941 Earnings—
With
income
contracts
Government
Investments, at cost less
at
stock,
,
market, whichever is lower
or
under
19,952,758
>-,,-.,1—
I
Holophane Co., Inc.—40-Cent Dividend—
stock
common
$
13,489,563
■—
_
'"kit-* I1!- Utt''»'•
1121
$
Cash
I
& FINANCIAL CHRONICLE
made
were
payaments
time.—V.
some
«dri»
holders of record March
share
was
made
on
A semi-annual
18.
the
common
1 cent per share on March 28,
1941.
stock on
Dividends
also paid in the preceding year.—V. 154,
p.
432.
Island Creek Coal Co.—50-Cent Common Dividend—
The
directors
have
the common stock,
declared
a
dividend
of
50
ce^ts
npv
s^are
payable April 1 to holders of record March 20.
on
Pay-
in
ments
1941
and
each;
29,
follows:
as.
were
Dec.
$1.—V.
1, July
826.
p.
and Oct. 1, 50 cents
1
April
155,
Johnson & Co.—Extra Distribution—
(Mead)
The
directors
addition
in
the
75
Jones
See
New
C.
Steel
Austin
per share
Austin
Kansas
March
155,
with
1631.
Otis—
48
after
J. C. Watson
service because
succeeding
Treasurer,
19,
of
years
March
Light
9,
Co.—V.
of the
Light Co.-—Correction
&
appeared under Kansas Power &
p.
1013, should have been under
which
...
1013.
p.
City Power
"Chronicle"
&
elected
been
effective
earnings
Power
three
Mr. Watson retains his post as a director.
and W. L, Copeland have been elected directors
corporation.—V.
The
paid on Jan. 2, last, as compared
preceding quarters.-—V. 154, p.
was
Co.
has
resigned,
pf ill health.
Mr.
record March 14.
Treasurer, Etc.—
L.
who
cents per share on
75
Laughlin Steel Corp.—To Merge
&
Otis
dividend of 75 cents, per share
extra
an
quarterly dividend of
in each of the
extra
cents
usual
the
stock, both payable April 1 to,holders of
of $1.75
An extra
declared
have
to
common
Tne
155,
1013.
p.
'
Light Co. in
Kansas City
.
Kansas Power & Light Co.—Correction—,
,
held
for
later
in
resell
to
in "Chronicle"
of Kansas City
earnings which appeared under this company
9, p. 1013, should have been under the name
March
Power
&
Light Co.—V.
4127.
152, p.
Inc.
Stores,
Department
—
Decrease
To
Stock—
stockholders
The
62,000
vote
shares
March
on
16
5 %
to
proposal to
stock, par $100,
approving
on
preference
cumulative
60,500
shares.—-V.
authorized
the
decrease
from
will
154,
p.
a
1302.
•
Month
of
155,
1941
$414,725
in
"Chronicle" March 10.
See
155, p. 602.
1037.—V.
p.
sales
Sell., adm. & gen. exps.
383,242
profit
from
$238,737
12,773
income
income-—
Gross
Charges
against
Federal
income
Net
$132,095
1,125
97,855
$141,278
900
86,720
Balance
surplus
com.
outstand¬
Shares
30,774
$28,696
dividends—
$38,373
$33,115
$50,822
dividends-—-
Conimon
53,509
29,038
$149,077
900
109,804
$116,316
900
profit for year
fpreferred
$225,562
55,056
55,395
47,636
53,862
t53,471
income
taxes—
$205,404
20,157
$216,190
$252,107
$223,648
—
par)
(no
General
in
and
Balance
hand
on
and
Sheet,
31,
Dec,
banks,
in
End. Feb.
notes
$12,754,695 $10,824,248
in operation on
Canadian,
Canada,
a
year
Feb. 28, last, totaled 671 in the United States
compared
earlier.—V.
with
675
in
the
United
States
and .61
155, p. 639,
Gas.
for
79,845
$644,298
12,866
11,854
—
$703,589
$632,444
Operating and administrative costs
—
Reserve for depreciation and deferred develop.
295,248
121,460
with
(gross)
charges
—
—
.————;
—
——
———
—
154,
net
$327,151
$286,881
profit
Gas
Light
Co.—SEC
Securities and Exchange Commission
of pro¬
posals to extend for three years $12,000,000 in bond and note obliga¬
tions of the company opens the way for final reorganization of com¬
The
tric
by
the
Brewster,, head of Ogden, contemplates simplification
company's capital structure, integration of the gas and elec¬
the
of
H.
properties
in
the
louis
St.
of control of
sale
eventual
area
will
and
the reorganized
gas
provide
company
means
for
to residents
The SEC action covers extension of
the maturity dates of $10,000,000
extension mortgage 5',n
gold bonds, issued in 1904.
from April 1,
1942, to April 1, 1945, and $2,000,000 collateral ^trust
6%
notes from Aug.
1, 1942, to Aug. 1,
1945.
Extension of the
maturity daes was approved last week by the Missouri Public Service
refunding
and
The extension now awaits approval by bondholders.
plan certificates of deposit will be issued for
refunding and extension mortgage 5Vr bonds, $3,000,000 of which
Commission.
the
extension
the
Under
has agreed to purchase if the owners of the other $7 000.000
assent to the maturity extension.
The extension will be at
5%
interest.
Ogden already holds $598,000 principal amount of col¬
lateral trust 6'r notes, and agrees^to purchase $1,402,000 additional
and Laclede will provide a $1,000,000 fund for the payment of the
Ogden
holdings
balance
of the
offer
Ogden
previously assent to
•
PDOTota-p
Laclede,
no*
not
of
to
Co.,
a'so
contemnlated
Lane
Bryant,
!
of.
155,
-
Camden
will
Jotpr
to
t*>e extension. Laclede will declare the
then
later than
M«v
June
15,
1.
1942.
1942.
or.
Fifteen
at
the
extension
discretion
of
days after, such dec¬
the
junior
County
that
the
the
and
of
sum
tried
were
actions
the
in
brought
by
no
each;
of
in
the
amount
Queens
$407,854,
paid
by
Borough Co.,
rendered
was
The
price
fair
a
the
for
Nassau
in
in
favor
1941
of
-'
—
of
the
Queens
Account
Income
■.
March
payable
were
has
share
per
.4,
23
of
155,351
$22,850,818
Operating: expenses10,276,940
9,763,400
1941,
revs.__^
oper.
Federal
I
>
9,124,790
9,266,157'
1,663,689
1,561,784
1,698,533
2,299,429
2,012,950.
1,7U,746
4,167,945
3,743,377
3,464,409
3.217,751
$5,225,371
16,364
$5,380,923
$5,565,055
Dr9,EG5
Dr5,G69
17,377
$5,241,735
$5,371,418
$5,559,386
$5,316,303
2,669.426
2,707,467
2,725,57.7
for
prov.,
tax)
income
v
.
.
income—
Operating
Non-oper.
income
(net)
Gross income
.
Int.
long-term debt,
on
"Other
;
interest—
,
331,789}
93,100 j
287,218
.
tAmort. of debt disc., etc.
71,690
.
,
held
$2,124,542
tion
of
A
Nov.
on
$2,179,062
Bank
V.
en
55.
p.
850,916
850,916
850,916
$1,362,485
$1,328,146
$1,421,523
576,000
576,000
576.000
$786,485
$752,146
$845,523
,
the year.
for
to surplus.1—
SApprop.
ferred
Divs,
,
only
to
to
surplus^
"Less interest
miscellaneous
U41
1940
.
charged to utility plant,
items.
SInvested
in new
to
for
363.
Ry.—Bonds
have
of
mortgage
called
Payment
Co.,
and em-,
will be
Called—
1940
$■
be
made
trustee,
corporate
of -Mav
as
Broadway.
70
due
at
Y.
City.—
53.
.
directors
March
on
the
on
20.
On
A
7'/»
Notes
31,
declared
4
last,
50 cents per share
on
of
dividend
regular
a
of
extra
an
$1
per
50
cents
paid.—V.
were
share and a regular
155, p.
The
the
directors
23.
cents
have
stock,
common
March
20
Star Gas Corp,—20-Cent
declared
par
no
Payments
each;
in
20
cents
year-end of 30
,
share
on
155, p.
divs.
cum.
on
122.066
—-
interest
pref.
3.293.504
2 569.224
2.804,168
12,274.547
.
207 851
2,370,239
2.212.174
10,837 856
173.786
stock of subs.—-
debt
...
....
reserves-
324.414
——
516 922
388 953
164.498
4,112,000
3 536.000
7,077,366
5.974,424
145,261.809
141,831,292
—
preferred
_—
Total
1014.
2,271,672
thereon held in suspense
stocks sold——,——„
Appropriated surplus invest, in new property—
Earned surplus
—-i
—
—-■
on
209,812
3,235.554
2 734.030
—
decision
rate
145.119
~
depreciation:
and
120,444
13.841.500"
60.006.700
6,525.000
995,031
—
premium on long-term
Contributions in aid Of construction
Reven"es
7.475.000;
17.912,300
3,000,000
13.841.500
services
deposits
taxes accrued-.
for
pending
per
...
7.475.000
17.912.300
3,000,000
59.799,600
6,222.500
1,246,549
—-
...
payable
payable
Premiums
cents.—V.
—_
—
Unamortized
weve
a
.......
—
debt
Consumers'
payable April 22 to holders of record
as follows:
April 22 end Aug. 22,
value,
1941
and Dec, 20,
of
pref. stock
Customers'advances for construction of
504.
Dividend—
dividend
a
pref. stock ($100 par)..——
($100 par)——
cum.
Miscellaneous
Lone
97,031
145,261,809 141,831,292
—
Accounts
Reserve
stock, payable March 31 to holders of record
common
Dec.
1,784,534
207,146
v
———
LiabilitiesSeries
Undeclared
pnr sVrc
charges
——
Total
Interest and
Loew's, Inc.—50-Cent Common Dividend—
1.927.544.
108,202'
1,611,138
....
deferred
Other
cum.
1942.
3 261,139
—2,368,330
95,228
—
stock
Hoover
820.930.
3.253.826
insurance, etc,
———,
in connection with inven¬
tories of utility and in proceedings before the
"Common
bonds
N.
761,401
-
Minority interest in common stock and surplus
of subsidiary companies—
—~——
Preferred stocks of sub. cos. held by'public..—
1,
17.964
13,527
—
—.—
—
expenses
working
Central.
tbe
at
'
—
——
...
Prepayments,
Series 6U
-
fund
sinking
5
redemption
for
wi'.l
,
__i
acauisi-.
the
in
additional
for
funds
investments
receivable
Long-term
first
been
officers
$888,600)
expended
provide
"
"
$14,000
of
group
(estimated
monevs
Madison
p.
registration state¬
a
and
31
1941
132.832,375 129.596.177
Capital stock .expense—1,879,140 ■ 1,882.614
Other physical property-.-—^
1,269,134
1,172.847
Special deposits and funds...
970,564
1,162,310
Commission
SEC
$648,118
196,241
403,027,
tlncluding expense (net)
utility plant.
——
Materials and supplies,
$2,322,746
$2,401,313
in
selected
Proceeds
treasury
and
held
544,000
—
Utility plant———
Accounts
shares of common- stock
the company's treasury
33,604
are
a
share.
the
&
Trust
p.
850,916
$1,192,118;
7Yf cum. pf. stk.
on
Divs. on G"t cum. pf. stk.
Cash
-
the
with
covering
registered
per
interest.
&
filed
10
A-2)
shares
1959,
155,
$2,043,034,
$
the common
record March 9.
and June 23, $1:50'
2-2
154,
1942
offered
of
and
562,393
$2,272,439
"
$3,256,637
1
—
March
be
$26.48
such
1,
102
2.710,876.
561,373
cos.
by public—,
Deferred
Form
reimburse
total
$5,298,926.
pd, or declared on
pfd. stock of sub,
■
134,612
1,636,251
'
(incl,
Taxes
163,467
$21,728,987 $21,193,113
2,398,919
Maintenance
Depreciation.
;
Divs.
declared
holders of
to
$3—V.
'l;
shares
to
at
to
1938
,
$23,705,426
Total
.
The
are
used
•
$14,089,648 $13,456,192 $12,724,898 $12,403,396
9,463,916
9,239,275
8,840,622
8,655,105
—
gas_—
—151,862
Co.—Registers with SEC—
company
plovees
Years
1939
1940
Balance—. $2,213,401
-
March
follows:
as
_
1014.
(2-4960
and
Co.
electric
—T
sales
From
plan
purchase of
of
Miscellaneous.
The
$3,335,502
been
February-
p.
par).
Borough
•
'*
Calendar
for
Consolidated Balance Sheet, Dec.
and Dec. 22,
— —
Link-Belt
(no
Co.
that the Long Island Lighting Co.
that there waS"no conspiracy, fraud or
and
gas
1941
sales
Miscellaneous
155,
Suffolk
&
gas
found
court
for
$25,057.36,
value,
par
Month
and;
price paid by Nassau & Suffolk Lighting Co.
From
Lerner Stores Corp.- -February Sales—
—V.
Supreme
stockholders'
Operating revenues—
including
$1.75
Sept. 22, $2;
Sales
York
New
preferred
Assets—
dividend
stock,
again
the Nassau & Suffolk Co. and the Long Island Lighting Co.,
further provision that the Nassau & Suffolk Co. should pay'
judgment.
Trust Co.,
to
up
Payments
is
companies, Queens Borough Gas & Electric Co.,
Lehigh & Wilkes-Barre Corp.—$1.75 Dividend—
A
debt
mismanagement on the part of any of the officers or directors of any
of the companies.
This decision has been appealed, as to the deficiency
.
of
exhaust
refund
,
of
the
trustee, Broadway and Market St., Camden,
April 18 receive tenders for the sale
3bonds of the above company,
dated Jan. 1, 1937, on
properties in Atlantic Citv, N. J., at prices, not exceeding Par and
interest to date of redemution (April 27) to an amount sufficient to
J.,
Any
the
paid
Lippincott Co. of Atlantic City, N. J.—Ten¬
&
ders—
it
there
summer
parent,
Net inc.
to
originated.
was
697.
p.
Leeds
proposal
bondholders at this later date
interest savings to the company.
and the practicability of this step will probably be
weeks.
:
«
few
found
court
with
city
1942—2 Mos.—1941
$1,017,903
$1,509,746
———
•
Lighting Co., Involving the price at which gas wascompany to the latter and by the latter company.
Long Island Lighting Co.
In a decision rendered in November
Against
Sales-
1<H2—Month—1Q41
the Commission indi-
Suffolk
&
its
total
a
Inc.—February
the time the
issue debentures to
to
a
Nassau
energy
Sept.
the
tne
purchased during the
period Jan,. 1, 1934, to Sept. 30, 1941, was inadequate to the extent of
$387,020.
Judgment for this amount plus interest at 2';, making a
electric facilities in St.
and
in
subsidiary
the
to
estab¬
the
reorganization.
and
ac¬
before
indenture
serves
On
pending
by the former
the
the
.....
1857,
in
Missouri.
of
Co.
integration
of
changed from
the
of
two
sold
subsidiary of North American Co., by
Laclede Gas Co., t^us completing the separation and
gas
During
Nassau
Laclede Power & Light. Con¬
of St. Louis with electricity, in compe-
citv
Period End. Feb. 23—
Sales
—
-
—
164.498
"Represented by 3,000,000 no par shares.—V. 155, p. 307.
Long Island Lighting Co.—Annual Report—
The
following j,s taken from the
D'u-iPg
the
$6,100,000
that
notes
for
notes
year
to
$5.920 000.-
accompMshed
payable
property
debt
were
report:
annual
1941
payable
■'
from,
than
in
we^e
Increased
1941.
factor
principal
the
limiting
inventories
also
the amount
required ad¬
funds.
Reference
Herbert
Kent
Supreme
in
a
to
Court
manner
ot'
Kings
Oo""tv
consistent'with
"Dmt
di-ccting
th°
loans be repaid
lighting Co.
abilitv of the Long Island
the
work out some plan for
liquidation of this. debt.
In
April, 1941, the Appellate Division. ?nd
Department, in a unanimous decision reversed the lower court on the
law and the facts and dLmis^ed the caw.An ann°al has been taken
hv the
plaintiff to the Court of Appeals, where decision is now pending.
The amount owing to Empire Power Corn, and one of its subsidiary
repay
same,"
companies
at
the
and
appointing
end
of
formulated
were
pany's "debt.
The first
gage bonds of a lower
for
existing
debentures
due
in
bonds.
to
1952,
refund
and
1941
was
during
referee to
$3.800 000.
the
for refunding the com¬
issuance of new mort¬
longer maturity in exchange
summer
step ..contemplated
coupon
The
rate
second
6secured
notes
a
and
step
the
proposed
bonds
d"e
in
the
1945,
is<-"ance of serial
5U dehent"r»s-
made to the P. S,
Commiss;on for authority to issue the desired securities.
P."bse.mentlv
it appeared desirable
not to
proceed further with the d^benP'-es. at
that time, and the proposal was abandoned for the time being.
Several
payahle.
Applications
were
and
two years.
Mr.'
also announced the election of J. Stro^her Freeman
Vice-President in
charge of manufacturing.
Mr. Freeman was
as
in last year's
had
v
.....
zerVed ss President for the rmt
formerly Vice-President in charge of sales.
was
The
company
form«rlv
made
of the Board
A.
Hummel
Mr.
annual report to action brought by
a
stockholder of the Empire Power Corn, hosed upon its loan to this
company.
A decision was rendered in October, 1940, bv the New Yo~,r.
was
H. Hummel has been elected Chairman
Kent has been elected President.
Oem-ge
the
additions
Lorillard Co.—Changes in Personnel—
(P.)
..
t^e. company wew reduced
was
substantially less
of
reduction
This
preceding two years, during which Period
reduced $1.950 000.
Unusually large expenditures,
in
reduction
ditional
Plans
notes.
buv $3,000,000 of the refunding and extension
mortgage 5'y
bonds publicly held and not extended bv their holders
for the three years mentioned, unless extended bv Ogden,
is open
onlv until June
1, 1°42. or until 20 davs after the extension plan
becomes
operative.
Jf. the holders of the other 70'in of the bonds
The
\
of
bonds.
The sink¬
Laclede Power
and extension
period.
granted
that
at
limitation
acceptable to the
have resulted in appreciable
proposal
Court
Louis and its environs.L
No hearing has been held as yet on the plan of integration and. reor-.
ganizstinn.
Conseouentlv, it cannot-be seid at this time whether thatplan will be adopted or some substitute plan.—V. 155, p. 920.
of
Missouri.
of
The
affiliate the
an
reorganization
reorganized
integration
it was- explained March 9 by officials of Laclede and by
Corp., holder of controlling interest in the company.
reorganization, said L. Wade Childress, Laclede, President, and
Benjamin
extension
was
submitted by
was
exchange
under consideration,
Approval
organization—Ogden Corp. to Buy $2,000,000 Gas Com¬
pany Notes—
pany,
the
Electric
Gas
County
had
determined
earn¬
trend
the suDplemental
extension mortgage 5'v
and
the
of Proposed
Laclede Maturity Extensions Advances Big Utility Re¬
Laclede
Ogden
the
of
proposed
time
the
concerning
However, the present bonds pay 4'/< and were Issued at V premium, so
that the average cost of this money to the company is under 4%.
amounting
expense,
meantime
of
would not
extension.
1939
testimony
and
proceeding
another
in
to
also submitted
were
figures
make disposition of accounting adjustments
placed upon the call prices was such
exchange transaction would have been altered,
been necessary to negotiate a new basis of exchange,
this country had entered, the war, and money con¬
Tne
Consolidated
plan
Louis
quarterly
Approval
and
continuation
a
such
with
St.
March
1493,
p.
basis
.
Negotiations which were started a vear ago are being continued
the sale of Laclede Powpi* & Light Co. to Union Electric in ac¬
The
Estimated
as
of the
Union
the
integration
of
215,676
89,616
production
Net
—V.
has
and
portion
a
cordance
1940
$716,455
milled-,-,
ore
Marketing
discount
debt
charter
whose
Gas,
Litchfield
1941
104,044
Metal
Since
1938.
There
memorandum
a
would have
it
the
years.
5% '.bonds- during
capital.—V.'155,
Quarter Ended Dec. 31—
Tons
refunding and
In
Corp., Laclede Gas. and Laclede Power & Light filed a pkvn
reorganization seeking to integrate the gas and electric propertiesv
in St. Louis as well as to rearrange the capital structure of Laclede
Luz Mines, Ltd.—Earnings—
La
of
terms
involved
relative
Commission
the
Commission
the character of the
ditions
be terminated only If the properties of
placed under the lien of the refunding
will
are
Louis
of.,St.
ment
1942—2 Mos.—1941
$25,229,929 $20,883,646
1942—Month—1941
28—
—
in
the
under
in
shinking fund is provided for in
Laclede
The
1941
$128,038;
S.) Kresge Co.—February Sales—
61
three
last
the
ing fund
light
The
Period
of
covering the refunding and
N.
Stores
$226,446
of
approximating
earnings,
in
ca«h
—V.
and trade
acceptances receivable, $20,423; accounts receivable, trade (less reserve
for discounts, $9,450), $464,095; inventories of leaf tobacco in factories
and in domestic and Cuban warehouses, work in process and finished*
cigars, at cost or market whichever lower, $1,009,691; inventories of
boxes, labels and revenue stamps, $57,510; investments, $22,115; real
estate, machinery and fixtures, equipment, betterments and inprovements, at cost (less reserves for depreciation and amortization, $141,268), $34,115; cash surrender value of life insurance policies, $38,709;
prepaid insurance, rent, etc., and other deferred items, $12,769; good¬
will, brands, trademarks, etc., $1; total, $1,787,455,
Liabilities—Notes payable, $65,000; accounts payable, $18,043; Federal
and State social security taxes payable, $13,219;
Federal income tax
and surtax payable, $53,471; accrued capital stock tax, $2,875; accrued
pay
roil, $1,418; preferred dividend declared payable Feb. 2, 1942;
$225;
reserve
for contingencies, $115,000;
5%- cumulative preferred
stock ($50 par), $18,000; common stock (no par, reacquired and held
in treasury, 14,155 shares; outstanding, 85,845 shares), $150,229; earned
surplus, $1,349,976; total, $1,787,455.—V. 152, p. 988.
Sales
deficit
a
matters
controversy.
and
—
Assets—Cash
(S.
and
approximately $145,000 per year.
For the years 1942 through 1945
Laclede Gas presently estimates that there will be further improve-
89,556
87.845
87,545
88,675
89,300
Earnings per share—
$1.34
$1.69
$1.48
$1.51
"After depreciation of $5,638 in 1941, $6,878 in 1940, $7,837 in 1939
and $9,166 in 1938.
flncludes provision for surtax. tOn 5 '/« preferred
ing
1933,
before
the
December
that
of
$584,590
379,186
$203,417
13,370
profit from sales
$206,704
——16.945
"Net
Other
$605,013
401,596
$618,403
379,667
$589,945
Gross
in
the
Ogden
1938
1939
1940
1941
1,
of
condition that the company
resale.
through
to
serving
Klein Co., Inc.—Earnings—
(D. Emil)
later
agreement relating to the
to
staff
eating that the proposed exchange of mortgage bonds would be approved
if changes were made
relating principally to call prices, and upon
It
plus
par
such
In
to
applied for authorityaccrued interest, but the
acquires.
company
Nov.
amortization
of
deduction
tion
Years Ended Dec. 31—
1932
the
Commission.
be
will
ings have again shown an upward trend; the 1940 profit was $224,874
and
the
1941
was
$625,085.
All of the above earnings are after
mortgage
Custodian Funds, Inc.—Registers with SEC
since
paid
been
&
697.
p.
Keystone
of
over
as a holding
Power & Light
proposed extension
ment
Increase.
$133,084
proposes
99'v
authority
buys
Ogden
which may be issued
resell the refunding;
securities
Ogden
it
than
which
equity
which
created
have
A
1942
$547,809
February—
Sales
—V.
notes
Wic. bonds, none may be paid until further order of the SEC.
The net income reported by the companv declined from a. profit
Sales—
Kennedy's, Inc.—February
6%
reorganization
of the Utilities
Corp., is pledged to divest itself of
utilities interests and become an
investment company "as speedily'
as
reasonable diligence, and prudent business judgment, will permit."
While acquisition of the Laclede bonds and notes would seem "a step
in the opposite direction of that goal," the SEC Findings and Opinion
said the purpose of the bonds and notes purchases by Ogden 'facili- ■
tates
the Laclede
reorganization and
"will .make
possible the dis¬
position by Ogden of its entire investment therein, as well as, at
the same time, the placing of gas company (Laclede) in a financial,
condition more conducive to the economical and efficient development
of
the public
utility system operated by the latter company.
For
these reasons,, and in vjew of the factual situation here presented,
we
find no occasion for adverse findings and find that as required
by Section
10
(ci
(2) the acquisition of such securities by. Ogden
will serve the public interest by tending toward the economical and
efficient development of an integrated public utility system."
-The total capitalization and surplus of Laclede Gas as of Dec. 31,
1941, was $58,949,033.
No dividends on the capital stock of Laclede1
lished
:
less
retained
Ogden,
$938,921
Kaiifmann
bonds
5',<•
not
at
has
SEC
Gas
The
exchange for new
reorganization.
the
and/extension
of mortgage bonds,
by
counting
trust
held
were
exchange
,
notes.
collateral
l^acieue
Monday, March 16, 1942
hearings
laration, the extension will become operative.
Assent to the extension
by 70'h of the holders of the refunding and extension mortgage-b%
bonds is a condition precedent
to Ogden's purchase of the .uaclede
collateral trust 67"
^
CHRONICLE
THE COMMERCIAL & FINANCIAL
1122
Of her
the Jersey Citv plant.
directors of
the company
of
manager
officers
and
were
re-elected.
Cigarette Sale IncreaseHerbert
A.
anncnced
of
Kent.
a
Net
Vice-President
that t^ere
that vndo"bt,ed!y
ary
price increase.
nrofit "'&s below
increased,
have
years,
in charge
of
s^les,
on
March
10
was a big increase *n cigarettes sales in Janu-;
included much speculative buying in anticipation
<
Jaotiarv, 1041. however, as (->*■», an(i casts
inventory (s ample for the next two or three
and
it was said.—V.
155, p. 1014.
Loirsville Gas & Electric Cn. (Kv.)—Or^mon Div.-4directors on March 4 declarpd a dividend of 3712 cents per
on
the comnion stock, Davah'e Anril 25 to holders of record
March 31.
An initial distribution of like amount was made on this'
issue
on
Jan.
24, 1942T^e
directors- also
declared the re^'lar quarterly dividends of
HA'-y on the 5r'<
emulative "preferred s^ock. par $100- and
cumulative nrei'e"red stock,
oar $3-6. both payable April 15 to holders of
Tse
share
■.
...u
01
-XT
iCft
CnO
Volume 155
Louisville Transmission
Corporation
Commission
bonds
seek
finance
to
midwest
bids
on
the
with
No.
Public Service
$3,850,000 for first mortgage sinking fund
18 by the Kentucky
of
construction
utilities
.Missouri
Corp.—Bonds Authorized-
authorized Feb.
was
to
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4055
transmission
a
Tennessee
Authority
Valley
The
from
155,
1014.
p.
'
1&42
1941
Operating
Pacific—
15,889
15,202
14,769
10,796
30,658
25,998
Operating
expenses
5,273
2,319
3,773
2,571
1,695
7,844'
5,468
Provision
1,824
2,954
2,434
5,273
4,258
income
155,
the
A
dividend
10.
of
stock,
common
15
cents
$5,
par
share
per
payable
March
12 Vi cents, per share has been declared on the com¬
mon stock, payable April 1 to holders of record March
18. Distributions
of like amount were paid each quarter
during 1941 as follows: On
April 1, July 1, Oct. 1 and Dec. 18.
In "each of the four preceding
quarters, regular dividends of 25 cents each
Monroe Coal
first
was,
to
The
mon
directors have
stock,
during 1941
Dec.
declared
payable April
were
follows:
as
dividend
a
$1
of
per
holders of record
to
1
The
board
President,
tinue-in
of
directors
replacing
his
election
the
announce
subsidiary.
He has been a director and
Parry Corp. since its merger with Rexair,
L.
H.
of
Mr.
Russ
T.
Hill
Rexair,
year
Hill
also
will
Chairman
elected
Shields
of
Fisher
&
of
the
Executive
Detroit,
Co.,
as
S,
Assistant
Jr.,
Secretary.
Assistant
Detroit,
also
was
E.
Treasurer.-—V.
elected
was
and
H.
Wildasin
155,
Treasurer
Meadville Conneaut Lake
share
&
Linesville
April
Melville
Period
Retails
'—V.
End. Feb.
and
155,
697.'
p.
This
of
April
75
of
1
cents
50
holders
to
cents
141, p.
per
of
share
1641.
for
amounted
to
dividend
1942—Month—1941
$2,931,202
of
15
—V.
of
each
cents
155,
697.
p.
were
made
on
10
June
,
and
III,
Ryan,
has
York
have
is
and
service
elected
been
the
V.
Dec.
154,
p.
Mid-West Refineries,
A
of IV2
dividend
cents
and. Dec,
payable
$1,
par
as
feet
last
10,
1015.
p.
Presidency
to
Gross
revenue
Operating
•
share has been declared on the
SEC—.
of 25
company
concentrated
for
forces
Gross
Net
$302,144
$4,051,771
2,128,614
1,652,069
43,302
515,970
470.900
18,535
198,200
129,980
31,000
377,000
306,000
$88,135
income
Dividends
on
438,631
to
cents
37\'z
constantly
"a
$393,357
in addition to
21,089
251,480
253,062
$13,222 '
for
indirect
war
the
represented
p.
1381.
1941—Month—1940
$744,322
Operating
expenses
$853,254
none
Prov.
$141,877
.
-
$76,612
Feb.
common
excess
Other
serve
Net
Other
profits taxes—
taxes
Property
$7,744,289
5,171,881
4,634,110
137,893
19,619
8,366
Ci'11,971
98,775
427
239,803.
7,800
,117,316
in
66,666
911,419
65,000
861,660
800,000
■
780,000
$122,250
$70,026
$1,396,753
56
216
958
were
A
Interest
Other
Net
income
on
int.
stock,
$70,242
$1,397,711
$1,328,286
66,667
66,667
800,000
800,009
deducts.
10,733
6,577
118,706
112,128
$44,906
*$5,002
$479,005
Dividends
to
pref. stock for the period
403,608
Oil
of
155,
$75,397
30,
50
the
on
The
the
A
directors
common
similar
on
stock,
March
15,
on
April
15
1940.—V. 154, p. 1597,
and
ended
March
week
kwh.
the
for
Feb.
28,
was
ended
week
1
,
ended
7.
and
.
1942,
10.11%,
was
53,269,965
kwh.
Chicago &
St. Louis RR.—Makes
the
made
first
$600,000
quarterly
the
with
the
to
of
ment
of
ing
10,
p.
1037.—V.
155,
p.
bonds
these
the
which
road
market,
open
which
maturity
the
assent
the
requirements
in
1943
90.
1942—Month—1941
28—
$7,298,228
New
York
Federal
155,
p.
New
District
cents per
Terminal
Sept.
15,
last
year';
of
1942
155,
p.
Net
the
old
they
meet¬
The
bonds,
purchase
the
which
notes
in
did
sinking
meet
can
1017.
Carroll
which
Co.,
of Second
York
Operating
common
&
C.
mature
National
earnings
without
Hartford
Hincks
at
recourse
to
RR.—To
Pay
New
income
—V.
155,
The
interest
Gas
155, p.
is payable
1017.
'
Co.—Earnings1942—12 Mos.—1941
$120,592
$112,900
$1,260,258
$1,241,383
22,971
32,714
257,304
344,060
14,480
17,003
111,467
166,823
re¬
accruals
reverve
1.
1942—Month—1941
___
after
March
Bank, New Haven.—V.
Richmond
&
revenues
Income
Gross
on
the
of
the
with
notes.
than
Haven,
Conn.,
this road permission to pay off $1,000,000 bonds of the New
York, Providence & Boston Ry. Co. at their maturity April 1.
He also authorized payment of $20,000 in interest on these bonds and
$78,440 in semi-annual interest, due March 1. on bonds of the Provi¬
New
697.
share has been declared
6%
that
out
Haven
Judge
period End. Jan. 31—
Co.—15-Cent Dividend—
15
holders
believed
$9,576,426
compared with
as
connection
rather
granted
1942—2 Mos.—1941
1,059
is
in
road's
in
Bonds—
dence
$5,050,532 $13,939,827
the
turn
from
It
market purchases.—V.
open
of
will
plan.
issued
were
Fall
and
acquired
were
to
last
owns
____
738,
p.
and Dec. 26, year-end of 40 cents.—V.
154,
153.
p.
New York
The
Corp.—Smaller Quarterly Dividend—
Telephone Co.—Gain in Phones—
reports
company
February,
1942,
during
gain
18,688
phones,
against
as
of
gain
a
9,221
stations
against 11,389 during the
the first two months of
as
23,709
in
the
in
the
month
last
current
period
same
the
month
same
of
year.
was
1941,—-V.
in
year
155,
923.
p.
Nicholson
File
£b.—30-Cent Dividend—
A
quarterly dividend of 30 cents per share has been declared on the
stock, payable April 1 to holders of record March 20.
During
the year 1941 the company paid four regular quarterly dividends of
like amount and, in addition,
special dividends as follows:
April 1,
common
England Confectionery Co.
New
(& Subs.)—Earnings
15
Earnings for Year Ended Dec. 31, 1941
Consolidated
Earned
profit—
net
paid
$257,928
188,381
—
Sheet,
Dec.
31,
$418,433
—
(at
of
cost
estate
market,
$30,000
receivable
lower)
investments
—-
(less reserve)—
968,815
34,784
7,750
1
dividend of
the
1,
70
50
Industries,
cents
payable March
per
to holders
31
and Dec.
each,
and
cents,
Dec.
20,
Inc.—Smaller
share has been declared
of
following payments were made:
cents
75
Oct.
cents;
The
sales
net
previous
of
income
26,
record
90
cents.—•
155,
March
Dividend—
the
on
common
16.
During 1941
31, June 30 and Sept. 30,
March
$1.25.—V.
than
of
year
1941
result of
$5
$4.25
to
for
$266,559,
1017.
p.
an
increase
shows
a
leaving
a
of
gross
depreciation.
87%
net
over
profit
Federal
profit
by
and
of
the
the
State
$246,759,
share.
per
per
show
operations
Reserve
amounted
more
Dividends
the
$513,318.
taxes
slightly
for
The
year.
company
share
Balance
$4,561,322
*
*
-
20
I
Nonquitt Mills, New Bedford, Mass.—Earnings—
2,064,048
31,573
at cost
trademarks
Total
443,625
less
charges
and
is
and employees
officers
and equipment,
Goodwill
whichever
1,
1495.
592,294
—
—
from
receivables and
Miscellaneous
"■Real
or
July
p.
Noblitt-Sparks
stock,
.
reserve
154,
A
1941
-
Inventories'
cents;
V.
$3.41
share___
per
Investment securities, at market quotations
Accounts receivable (less reserves, $50,2021
were
paid
during
the
year.
Sheet, Dec. 31,1941
AssetsLiabilities-
Land,
payable and acbruals__
taxes
>
$184,396
194.388
Provision for Federal and State
tCapital
($25
stock
1,881,400
28.844
parl„
Capital surplus
Consolidated earned surplus
;
—
Total
Co.—Common Div.—
declared a dividend, of $1 per share on
April 4 to holders of record March 26.
payable
wa« m^de
distribution
April 15 and Oot.
9
purchased,
and
week
10.78%.
preceding
—-—
j
After
$4,561,322
tChanged durine year
by the issue of four shares for one.—V. 154, p. 1701.
reserve
$100 par
2,272,294
for
depreciation of $1,952,337.
buildings and machinery
New Mexico
The
on
the
directors
common
rrcord Mrirch
15
and Sept.
6.
Gas Co.—Dividend Reduced—
declared a dividend of 15 cents per share
stock, no par value, payable March 16 to holders of
This compares with 20 cents per share paid on March
recently
15, 1941.—V.
151. p. 1581.
$3,075,710
Inventories
849,487
receivable
Accounts
365,127
Cash
136,907
Prepaid
No.
1
insurance
19.000
mill
250,000
-I
1
Total
$4,696,232
Liabilities—
Ndtcs payable
$600,000
taxes
Reserve
,
the
common
quarterly dividend of 12M2 cents per share has been declared on
common
stock, payable April 1 to holders of record March 19.
This compares with 15 cents per share paid each quarter from April 1,
1941, to-and incl. Jan. 1, 1942, and, in addition, an extra of 10 cents
was disbursed
on Dec. 23, last year.—V. 155, p.
697.
from
158.
Missouri Gas & Electric Service
53,747,802
with
of
generated
for
England Power Association
secondary sales" to other utilities)
for retirement under the sinking fund provisions.
The sinking
requires that 25%
of net income and not less than $400,000
annually out of previous year's earnings must be applied to the retire¬
Dividend—
share has been declared
A
$12,550
p.
both
New
value, payable March 30 to holders of record March 20.
par
no
-Nehi
*
""Deficit.—V.
or
the
403,603
;—
applic.
Balance
out¬
kwh.,
corresponding
'
fund
March 31 to. holders of
follows: March 31, 25
cents, and Dec. 26, $1.—
$416,158
income
when
The
$1,322,826
mtge. bonds
and
the
road retired $16,000,000 of 4s of 1946, and were used
funds obtained by the sale of Wheeling & Lake Erie
Chesapeake & Ohio Ry.
In addition, the road is expected
shortly to deposit with the trustee
for the 6%
debentures, due 1950, approximately $3,000,000 of these
•
earlier.—V.
dividend
Accounts
Gross
the
for
and
Increase
an
York
stock
as
last, stores in operation totaled
Navarro
5,460
$122,306
revenues-
opor.
income
electric
1,001,075
for
Association—Output Up 10.78%—
subsidiaries,
available
compared
as
1941,
together
payable
1941
Sept.
per
March
Feb.
Deferred
retirement re¬
appropriations-.
reports
of
kwh.
being 58,657,544 kwh., as compared with
corresponding week last year.—V. 155, p. 90.
the
Fall
dividend of 37 V» cents per share
a
value,
par
cents;
—--
year
a
Notes
Federal
for
increase
an
payment on its bank loans.
The first payment amounted to $600,000, reducing the loans to $1,800,000.
Three additional quarterly payments are to be made this year
to completely eliminate these loans.
The bank loans originated last
stock
'
28,
Cash
1941—12 Mos.- -1940
$8,519,856
483,187
inc. taxes
for Fed.
Provision
557,915
8,
its
companies
Company has
1005.
since.—V. 154, p.
'
—_
js
10,656,542
Payment On Bank Loans—
:
a dividend of 25
cents per share
and the regular quarterly dividends
share were made on the
per
no
cents
25
——
Assets—
Dec. 31—
of
kilowatthours,
in
and
amount
gain for
New
increase of approxi¬
an
division.—V. 154,
can
Consolidated Balance
revenues
This
output
for
essential
$823,341
Mississippi Power & Light Co.—EarningsPeriod End.
Association—Output—
ago.
reporting
The
Securities & Research Corp.—Registers with
155, p. 827.
Operating
kwh.
production
59,541,937
companies supplying
civilian con¬
canner
Oil Products Co.—25-Cent
of
$329,674
$43,399
Balance Yl
—V.
$7,226,064
'
■
production
association
March
increasing
not
f
Dividends
*
year
(the
other
National
declared
5
Payments
30,
End.
Period
Sales
493,667
$34,310
20,693
pref. stock
$831,987
42.030
$64,092
-
$76,340
24,043
deducts.
a
at office
$3,382,289
132.968
46,768
28,555
other
$8,900,017
reported as 571,275,000 cubic feet, an increase of
feet, or 17.04% above production of 488,083,000 cubic
11,657,617
this
Payments during 1941 were as follows: April 1, 10 cents; July 1, 10
regular and 5 cents special; Oct. 1, 10 cents regular and 5 cents
157,781
income
and
Int.
is
National Tea Co.—February Sales—
special;
36,000
inc.
'
ago.
above
1942
manufacture.
container
on
This is
packer and
as
well as
changed
was
include
company
production,"
stock,
"Chronicle"
See
common
tax
Fed.
for
1942—2 Mos.—1941
$3,739,894
the corresponding month a year ago.
week ended* March 6, the association
tire.
depreciation-
for
Prov,
Prov.
1942—Month—1941
New England Power
1942—12 Mos,—1941
taxes
year
Total
of
payable March 31 to holders of record March 20.
Distributions
1941
were
as
follows:
March 31, 25 cents; June 30 and
30, 35 cents each, and Dec. 17, 50 cents.—V. 154, p. 1632.
On
$357,238
—
general
$2,082,755
Gas output
is reported at 124,919,000 cubic feet, an increase of
6,100,000 cubic feet, or 5.13% above production of 118,819,000 cubie
feet in the corresponding week a year
ago.—V, 155, p. 1016.
1494.
p.
National
1266.
1942—Month—1941
expenses
for
Prov.
544,586
$2,11.4,888
the
of
9.39%
enter
155, p. 363.
Period End. Jan. 31—
in
put
year.
Mississippi Power Co.—Earnings—
'
a
output
For
com¬
cents
;
544,586
.
158,
p.
83,192,000 cubic
Inc.—Larger Dividend—
per
_„_4—
$2,627,341
$2,659,474
period
•—%
the month ended Feb. 28, the association
reports electric out¬
of 46,897,227 kwh.
This is an increase of 5.200,520 kwh., or
12.47%, above production of 41,696,705 kwh. for the corresponding
during
Sept.
March 28
last year.—V.
22,
the
March
24.
dividend
stock,
the common
to holders of record March 14. Dis¬
tributions of 5 cents per share were made on April 5, June 27, Sept. 25,
stock,
the
put
$7,009,895
operation,
155,
$280,755
for
New England Gas & Electric
fund
succeeded
directors.—V.
of
1940 for the
on
common
June
1,013
'
in
stock
For
Enameling & Stamping Co.—37V2-Cent Div.
March
154,
.
from
$286,293
__
155, p. 639.
Gas
$9,272,840
stores
262,107
900
.
.
$4,404,717
—V.
hands of the public.
the
$13,097,078 for 1941
National
Distributions
by J. W. Miller, formerly VicePresident
and
General Manager.
John S. Wynne, the comDany's
general, counsel, has been elected Chairman, and Mrs. Ryan of San
'Francisco, J. A. Zock of New York and Theodore S. Ryan of New
military
206
last year.—V.
The directors on March 6 declared
cents;
....
resigned
of
name
operations
war
over
directors
record
Midcontinent Airlines, Inc.—New President, Etc.—
Fortune
the
armed
sales of
National
$4,282,927
-
A
share has been declared on
per
^
Thomas
month
same
April 1 and July 1, 1940;
on
cents
900
:
(J. J.) Newberry Co.—February Sales—
1942—2 Mos.—1941
$3,530,838
were
2,181,306
305,126
con¬
income
155,
2,074,379
22,906
•
bonds
$6,171,433
;
10
to
.
Period End. Feb. 23—
the
1942—2 Mos.—1941
$2,191,263
payable March 25 to holders of record March 20.
stock,
there
products
as
the
Distributions
Micromatic Hone Co.—10-Cent Dividend—
A
of
$5,070,754
178,866
33,322
12
it
to
sale
quarter ending March 31, 1942, of $1.75 on the first preferred
.stock and $1.75 on the second preferred stock, all payable April 1 to
holders of record March 11.
•'
in operation totaled 947,242 as of Feb. 28.
gain of 9,311 during February.
The January increases
8,617.—V. 155, p, 1014,
a
$4,469,094
the common stock, no par value,
on
per
company's stations
was
the
National Candy Co.—Resumes Common Dividend—
Michigan Bell Telephone Co.—Stations Gain—
This
for
Net
on
—_
will until
Pa.,
for
3,603
$5,038,079
sumption.
Corp.—February Sales—
28—
sales
payable
distributions
and Oct. 1, last year.—V.
1
Shoe
-V.
bids
Corp.—1941 Report—•
its
direct
such
output
RR.—Smaller
dividend
2,361,397
$5,068,029
2,725
641.
170,848
deducts.
and
Balance
1942—Month—1941
1942,
activities
of
mately 33'f,
$50.
par
Semi-annual
14.
on
time
and
Corp.
Current
and
Secretary
elected
was
semi-annual
a
stock,
common
March
made
were
declared
have
receive
stock outstanding in the
same
amount
The
the
on
■.record
the
Can
504.
p.
2,698,759
$5,034,476
$482,587
$489,563
I.
bonds'due Aug. 1, 1947, to an amount sufficient to
now. in the sinking fund.—V, 151, p. 1580.
204 in the
common
At
Dividend—
directors
18,
—
chgd.
Net
for the previous year arc not comparable.
On Oct, 1, 1940,
predecessor company, McKeesport Tin Plate Corp., sold its tinplate
division,
using proceeds, together with treasury cash, to eliminate
$6,000,000 of funded debt, involving $240,000 interest charges annually.
Committee, and Robert C.
elected a member of that
Vice-President,
197,647
$481,886
-
1,542
(net)
1266.
the
'
The
with
foods
Schweizer,
p.
Results
ago.
Corp.,
251,715
$488,021
.
of
a
Martin-
of
3,096,704
revenues-
struction—Cr.
Corporation, in its first full year of operation as exclusively a con¬
tainer manufacturer, had net profit of $182,035 after all charges and
taxes, equal to approximately 25 cents a share on the 727,496 shares
committee.
C.
March
—-
pared
of Textile Leather, Toledo, was elected Chairman of the board, suc¬
ceeding F. M. Small, at his request, who has been unable to be active
for over a year due to ill health.
W.
A.
Key worth, President of the First National Bank, of York,
'was
mortgage 6%
During February,
con¬
Detroit,
Inc.,:
Vice-President
a
President of Auotomotive Materials
Green,
Time,
National Can
A. S. Balgden, resigned.
position as President of
present
War
noon,
Sales
in Personnel—
3,260,414
mtge. bonds
on
Interest
.
week
Corp.—Changes
262.547
9,092,791'
re¬
income
int.
month
1, $1 each; and
834,345
276,207
retirement
Income
Other
(G. C.) Murphy Co.—February Sales-
26, $3.—V. 154, p. 1379.
Martin-Parry
paid.—V. 154,
were
Fidelity-Philadelphia Trust Co., Philadelphia,
Period End. Feb. 28—'
share on the com¬
19.
Payments
1,382,200
appropriations-
Gross
1729.
p.
March
April 1, July 1, and Oct.
Other
company, a Standard Gas & Electrie Co. subsidiary, has been granted
permission by the SEC to refund $330,000 of 3%
unsecured serial
notes payable to the Chase National Bank by negotiating new notes
at a 1%%
rate with the Provident Trust Co. of Philadelphia.—V. 154,
Marlin-Rockwell Corp.—$1 Common Dividend—
90,945
$20,453,266
(excluding
Net oper.
Mountain States Power Co.—To Refund Notes-
the
1941,
129,000
Sales
recently declared on the
holders of record March
9,848,942
profits)
serve
Mining Co.—Tenders—
exhaust $21,333.75
following payments were made on this issue;
March 20, June 15 and Sept. 15, J.5 cents each; and Dec. 15, 75 cents.
—V. 152, p. 4128.
"
■ •- •
During
of
dividend
A
1942,
15
$22,224,791
779,466
taxes
taxes
Interest
(R. C.) Mahon Co.—15-Cent Common Dividend—
$1,812,491
932,530
:
Federal
of
Property
Molybdenum Corp. of America—12 V2-Cent Dividend—
the price of "Liberty"
Magazine will be increased to 10 cents from five cents.—V. 149. p. 114.
18,
Other
directors
.
dated April
issue
*
on Feb,
11, it was announced on March 3, declared
quarterly dividend of $1.50 per share on the 6% cumulative
preferred stock, par $100, payable March 1, 1942, to holders of record
Fefc. 19, 1942.
This dividend covers- the period from Dec, 1, 1941, to
March 1, 1942.
See offering in V. 154, p. 1597.
Maefadden Publications, Inc.—"Liberty" Price Increase
with
1015.
p.
1941—12 MOS.—1940
$2,077,473
initial
o'clock
Effective
1
Mobile Gas Service Co.—Initial Dividend—
The
an
The
'•
Northern^
Service Inc.—Earnings—
1941—Month—1940
revenues
excess
the
north.-—V.
Dec. 31—
1941
—V.
previously
corporation
Period End.
-Total
1942
Int.-Gt.
the line
Transmission
Rec'd from Conns.
Gulf Coast Lines—
system.
had received permission
State Public Service Commission tq accept a loan of $3,850,•000
from
the
Reconstruction
Finance
Corporation at 4%
interest.
Such
a
loan
would
be guaranteed by
the Louisville Gas & Electric
Co., the corporation's' parent company, under the plan.
The corporation, however, filed and received approval of an amended
application saying it believed it could obtain from brokerage firms a
loan at a lower interest rate and without L. G. & E.'s guarantee,
If the corporation is unable to obtain a lower rate, the Commis¬
sion's order provided, It still can accept the RFC offer.
The
proposed transmission line would
be constructed jointly
by
the Transmission corporation and the TVA.
The TVA portion would
extend from Nashville, Tenn., to a point in McLean County, Ky., where
it would connect with the Transmission corporation's line from
the
:
New Orleans Public
RR.—Loadings, Week Ended Mar. 7
Loaded Locally
1941
Missouri
would enable the T. V. A. system to obtain elec¬
trical energy from the Louisville Gas & Electric, Cincinnati Gas &
Electric, Dayton Electric, Indianapolis Power & Light and Indiana
Public Service Companies.
:
When
sufficient
hydro-electric power became available, - the flow
of energy would be from T. V. A. to the five utilities if needed.
Initially,
Pacific
Cars—
1942
five
connecting
line
of
1123
for
Reserve
for depreciation
Suiplus—represented
Total
—V.
155,
:
p: 506.
231,537
.
_
.'
shares of
by 48,000
,
1.248 353
no
par
com.
stk.
2.616.336
$4,696,232
HE COMMERCIAL & FINANCIAL CHRONICLE.
i
1124
Comparative Consolidated Balance Sheet,-Dec., 31"-
North American Rayon Corp.—50-Cent" Dividend—^
Assets—
rA dividend
of
has beeh declared on the class A
and B common stocks; payable April 1 to holders-of record March 20,
*.
Payments- on these Issues .during.the .year. 1941 were as follows:
April 1, June 30 and Oct. 1, 50 cents each, and Dec. 19, a year-end of
75 cents.
Compare V. 154, p. 1267,
V
•
50
cents
i
pet share
*
—_U„__—L—_
Telephone jpla'nt
*
*
•
598,169
'627,730
Miscellaneous
physioal property—
^
1,139,711
Sinking fund——————'
325,000
Cash and special deposits
2,179,206
Working funds ——1
of
output
the
March
ended
7,
and
Materials
Northern * States Power Co. system for the
totaled 34,131,000 kwh. as compared
with 31,500,000 kwh._for the corresponding week„last year, an in¬
crease Of 8.4% .—V.
155, p. 1017.
v
Electric
•
Discount on capital
Water
Northeastern
Earnings—
•'
■
Water
:*
•
:
—
:
•.
\
1941—3 Mos;—1940
Period End. Dec. 31—
Operating revenues:
:
Total"
.
Mos.—1940:
1941—12
$1,751,398
777,820
$1,851,410
825,972
Total
.
—
inc.
57,120
tax_
53,699
57,379
260,781
53,863
205,064
$206,278
41,549
Gross income-—.-j—-
$247,827
Bond interest ,i-—.
Other interest
47,844
$211,349
49,243
Cr 1,437
215,357
,8,148
181,957
195,947
.
206
..
195*263
10,521
1,228
•
6.982
3,024
service
Local
4,046
792
3,363
service
Divs.
91,579
91,579
$60,358
$348,514
-V.
.
Natural Gas Co.—60-Ceht Dividend—
154.
15,392(105
15,073,867
10,635,620
12,308,024
a
1,733,460
1,774,038
1,631,354
1,412,468
Cr9,731
the
surplus,
extra
an
cents
of .75
to $27.94 a
<recent
a
share.
from
demand on company's cash resources J
Inventories,
which 'included substantial quantities of war, materials, show a large
increase!.—V,
154,
909.
p.
'
■
Total
,
Steel
Jones &
•
Vote
Co.—To
on
Proposal to Merge With
of
Under
of
the
Otis
Depreciation reserve,
receive
($100 par), series A, of Jones & Laughlin;
convertible preferred stock, series B,
Surplus
and one share of Jones & Laughlin common
stock!
Otis will pay the accrued unpaid dividends on its preferred
stock, which on March 14 amounted to $6,875 per share.
The holders of Otis common stock will receive for each share held
one-fourth share of the common stock of Jones & Laughlin and $1
Total
cumulative
preferred stock
one-fourth
share 5%
of
&
Jones
in
•
;
.
elected
of
mitt.ee
Jones
agement. of
and
director
a
&
vice-chairman
and
Laughlin,
be
actively
of
the
executive
associated
in
the
it
the company.
stockholders Mr.
Kulas said Otis was subject to
because it is a relatively small producer manulimited range of products in keen competition with
much large units in a mass production industry.—V. 155, p. 698.
In
to
letter
a
certain
mittee
disadvantages
only
facturing
.
1941
$.
'Uncoil,
.
The
$
4.063,203
3,789,801
3,518,985
4,408,644
560,030
511,090
482,299
Robert D.
succeeding
revenues.
144,208,237
128,628,591
122,168.305
115,976,148
29.829,686
25,581,668
24.624.365
.Operating, rents
In
,,
154,
p.
'436.
19,715,037
.18.254.968
17,795.274
18.045,446
_
23,352,278
20.065,982
18,670.625
17,867.623
,
11,058,198
10,453,649
10,125,445
9,578,573
.
593.253
,
—
566.604.
542,720
•
Total
33.750
shares
of
common
of the
stock
563.479
sent
the
tion
of
12.893.898
11,931.294
10.380 930
9.617.671
20,055,235
17,579,987
16,947,-791
Total
'
stockholders,
to
value
at
directors
:
an--
22,517.030
21,743.074
22,425.074
.20,238.330
Net
330,813
148,927
• 135,760
242,853
Dec.
Benjamin
31,
F.
Pepper,
determined
1941,'
with
accordance
in
Het
non-oper.
income-
-
31,
The
available
Income
fixed
for
premium
funded debt
22.560.834
20.479.183
1.773.460
1.774.038
1,775,176
2,626.584
(Other; interest.
.Release.of
21,892.001
1.773.460
Interest
Bond
31,
22.847,844
charges
1,851,288
1,664,917
the
in
Cr9,727
Cr9,731
Cr9,732
during
on
(net)—
_
$2.69
.
18.276.980
Net inc. 8vail. for divs.
18.457.527
(6%)
stock
4.920.000
4.920.000
4.920.000
4.920.000
12,635,000
12,635,000
13.086,250
11.732.500
on
Divs.
pfd. stk..
otrrcommon
19.131.6*0
17.244.411
902,527
Surplus
standing
Earns,
per
sh.
on
721,980
1,125,360
591,911
2,358 4^1
1,805 000
1,805 nno
1,805 000
$7.50
$7.40
$7:87
$6.83
out¬
(par" $100»_
com.
1940;
and
applicable
share
per
the
from
total
a
It
is
additional
in
The
such
principal
Sale
-
year
rents
of
the
Sale
of
a
the
to
the
of affording full
had furnished
extent
corporation,
and
be
prolonged,
a
and
expensive
bitterly
to
common
of
President,,
was
stock
as
they may
Detroit.
bonds,
due
in
as
stockholder
the
confined
to
time
1981,
&
at
Ironton
RR.
the
that
* or
to
the
Pennsylvania
they
eauity
of
and
Iron
RR.
but
RR.;
as
to
Pennsylvania
and
their
the former class
from" liab'lity
under
and
1867,. P.L. 48; which provides that no
2&,
be brought
maintained
or
corporation
a
to
directors
"to
against any
him- with any
or
sued
.moneys
with
or
charge
"dominant fiduciary which: caused the
Court to be the
received
benefits
sole
the
for. which
Any
from the
actions
which
breach
constitute
the
and as such liable for. the losses sustained bv Pennroad
in respect of the origin"* investments named -in- the complaints.
The Court said that "the measure of liab'l'ty and the character nf
$45,691,808
outstanding Dec.
$6.21,
advantageous to the
first and refunding-
first
con*
breach,"
100 and interest, to sinking
&
were
and.
control of Pennroad
benefit
individual
exempted
were
shall
director
mater'als
and continued
Pennroad
Act of. Mar.
in
could *b«
by the
the
remedy
The
appl'ed
be
to
that
found
Court
whole
of
amount
imposes
the
the
an
extremely .difficult, problem..'*
Pennsylvania
can'tal
venture
.its
on
for
Pennroad
further
"A
such
less. certain
sum.
chargeable
is
into
entering
fund
causes
determinatien
a
portable
financ'al
mortgage
4eb
has
(n
not
deepne
of
in
in
credhs/ together,
of
values
and
railroad"'securities
values,
measurement
with
of, the
a
view
redress
qbhgat'on to be im*»osod."
and in wh°t m«>nn<»r
how.
at
the
with-any.
on
net
its behalf
As to all other matters the Court concluded:
inquiry should be marie as to the various elements
investments
Pennroad
with
to- the
National
Freight
andr is required-to- reimburse
received from the operation of National Freight
proft it
by Pennroad.
-
wit; $3,852,000,
behalf, to
RR.
contr'buted
'
As
Toledo
they
facts
the
ami
prospects
the
.
Toledo
Detroit,
the
be
said-corooration or assoc'arneglect -of- dutv" except within six
years after the commission of such act of negligence by such stock¬
holder, or director.
The Pennsylvan'a RR. alone, therefore, was held
$45,711,155
19.347
companv.
$1,500,000
held
or
claim-for
in
were
to
to
both
refers
aJso
law
losses
in
This
and
at
tioti
th*»
corporation's investment portfolio
follows:
resold to Canton Co. at princhml amount of $220,245.
changes
investments- at
opinion.
a
resulted
Cau$
suit
$6.53 compared with
deem
such
should
Court's
upon
their deal'mgs with. Pennroad's prooertv
manner des'gned to benefit Pennsylvan'a Ra'lroad,
regardless Of any-degree of. good faith exercised because the
in
bv virtue of the
Dec.
—-
common
above,
stock
the
in
based
is
case
powers
wheh
repre¬
r—.—
of
statement
the fact that counsel for plaintiffs did not. press such
and by the Court itself several times during the trial.
therefore, concluded: "The liab'lity. of the defendants
exists
..the
1939, and $5.95 at Dec. 31, 1938.
507,300
shares of its~ own common
stock
cost ot $1,365,977. or at an average orice of
the intention of the directors to continue the
shares in the future at such time&r at such
amounts
1941
of- $500,000
railroad
that
Court,
estates
corooration.
durng the
of
defendants Planned the domination
$6.13 at Dec, 31,
acquired
1941 at
mortsraire 5<)
w-
value
asset
of
to
value
and
forth
Railroad."
the
by
—J.
,
per share.
Ground
.Shares of com. stk.
assets
determined
31,
purchase
prices
-Divs.
net
1941,
Dec.
the
against.
suit.
th's
set
this
and
It
Investment
i
1941—
—
Corporation
1,469,328
Cr9,728
at
of
1941
law
and
charges,
might be realized upon disposi¬
which
assets
liabilities, Dec. 31,
value
counsel
files
the
to
predicted
was
character
and
Net oper. income—
for
justified by
*
for 1941—
1940, Which does not purport to
of
amounts
the
Counsel
foretold,»
that the chances of a recovery
may-be fairly stated that the action^ of Pennroad's d'rectors in
denving the charges of conspiracy fraud and personal dishonor was
company,
it has been
sold,
all been
has
Co.,
307.
p.
remarks
of
be
cannot
It
25 cents per share- -was
Company Act
24,248,857
Operating* -taxes.—
of
by Elder &
155,
assets
suit
a
of the opinion
are
the
what
elusions
-
hoard
such
of
with the plaintiff's
the
•states:
..
and miscell. exps..
his
Numerous
presiding, was filed Dec, 20. 1941, and consists of 90 wages, including
findings of fact and law.
There was little or no conflict of evidence
in the case aside from the questions relating to the manner of and
the reasons for acquiring the various investments compla'ned of, and
Bottling Co.—Stock Sold—
Pennroad Corp.—Annual Report
23.119.234
rail¬
dence cons'sted of 920 exhibits and testimony which, as reproduced
by the court reporter in transcript form, required 13,740 pages.
In
addition, there were 11 days of argument covering more than 1,600
pages of transcript.
The opinion by the Court. Hon. George A. Welsh
Levy
paid on the common stock, no
par value, on March 3 to holders of record Feb. 28.
Payments during
1941 were as follows:'Feb. .28, 25 cents; March 28.-12 V4 cents: June 27
and Sept. 26, 25 cents each; and Dec.. 23, 12'/a cents.—V. 153, p* 249.
526,000
maintenance-
expenses
offered
A dividend of
144,768,267 129,139,681 122,650,604 116,502,148
revenues..
oper.
President,
Peaslee-Gaulbert Corp.:—25-Cent Dividend—
•
31,130.323
<
issue
new
the
statements, documents, exhibits, etc., as were requested, by coun¬
but had declined to pay any portion of the costs and expenses
The
81.852,839
33,156,914
Commercial expenses
Gen.
$
85,703 889
35,147,467
of
made;
.recently
operations of
and
access
.
89.928,921
Depreciation expense—
•
$
1938
97,703,112
——
Current
Traffic
1939
'42,656,512
oper.
Total
1940
revenues.
■Miscellaneous' revenues.
Total
company.^—V,
nounced.—V.
revenues-.I
service,
service
elected
Panama Coca-Cola
Consolidated Income Statement of System for Calendar Years
Local
been
has
the
the
prediction was fulfilled.
The trial of the case .began, on
Feb.
10, 1941, and continued during a neriod of more than four
.months, within which period there were 78 trial days, and the evi¬
a
Pacific Telephone & Telegraph Co. (& Subs.)—Report
Toll
of
&
This
resigned to join the U, S. Coast Guard as a chief petty officer,
announced on March 5.
Mr. Kinz has been Treasurer and Sec¬
was
P.-
credibly informed
free
sel;
retary of the company.
He will relinquish the duties of the latter
post, which will be taken over by Robert Kenton, Vice-President > and
director of the company's Brooklyn (N. Y.) store.
Mr, Levy continues a director and a member of the executive com¬
com-
of
other
interests
company.
contractual
of
contested
Oppenheim, Collins & Co., Inc,—New President, Etc,
man-t
the
further
as
such
155, p. 829.
Kinz
of
control
in
and
623,472,544 478,448,284
—
Otto
Lewis,
be
would
—
directors
management of The Pennroad Corp.
It was further stated that in
of the said policy the corporation had been and was co¬
who has
Chairman and President of Jones & Laughlia, said
ifhat, if the merger was consummated, it was expected that Mr. Kulas
E.
....———:
and
operating
of
—V.
cash,
H.
—
also
pursuance
cumulative
Laughlin,
were
character Which, under the basic facts, would be
and also that it was accordingly the declared
corporation and its directors in these cases that they
•would not assume an attitude of adverse character save and except
to the
extent of opposing efforts to dishonor the; names of
or tt>
question the proper performance of duty by its deceased and former
directors, or to impugn the good faith of the present directors and
96.859,201
6,986,633
101,692.057
7,696,545
Co.
the p, & W. Va.; that
also directors of the
of
any law suit of this
of doubtful
results;
—
—
President
as
result
policy
—
the holders of the first preferred convertible stock
for each
share held one-fourth share of 5%
plan,
will
Terminal
and
American, were
.
—
...—...
Otis.
the
company
North
and dereliction of duty charged in the complaint,* and
the directors believed the investments and
complained of were made in. the exercise of reasonable
.care and prudence in the light of the then prevailing conditions and
in the interests of The Pennroad Corp.
For these reasons, the state¬
ment said( the existing board of directors were of the opinion that
in fairness to the great body of its stockholders The Pennroad Corp.
would not be Justified in spending large sums of money in prosecuting
——
called a special meeting of stockholders for April
,24, to vote on a proposal to sell its assets to the Jones & Laughlin
Steel Corp. and the distribution of the proceeds among Otis share¬
holders, according to an announcement by E. J. Kulas, President
has
West
transactions
——235,843,100 180.500.000
Preferred stock
82,000,000
82,000,000
Bonds
—^
54,568,000
54,568.000
Advances from American Tel. & Tel- Co.—....
12,858,300
33,300,000
Notes sold to trustee of pension fund—
9,540,973
10,022.902
Customers' deposits, and advance payments—T_
1,520,408
1,395,978
Accounts payable and other current liabilities—
8.681,750
5.193,713
Accrued liabilities not. due..
8,678,932
7,2*1,892
Deferred credits
392,478
399,965
Laughlin—
Company
of
directors
the
company
that
—523,472,544 478,448,284
—
...
stock
Common
&
tions of fraud
Liabilities—
-
,
Otis
.
156,627
!:
Other deferred debits
,
———r
Pittsburgh
...
1,764,4.44
4,817,811
———
—
capital stock.;..
The
companies;
Case—At the time of the issuance of the proxy
statement in respect of the annual meeting of stockholders on Thurs¬
day,-Mar,-27, 1941, the trial of this case was in progress, and in that)
proxy statement it was set forth that the directors had no personal
or
official knowledge of the truth or falsity of the several allega¬
heavy
owing ,to
,
1,893,888
.
Prepayments
Discounts on
trust
two
Overfield-Weigle
3.492
7,797,786
241,389
Aecounts receivable
^
remote; and counsel for Pennroad believes
recovery, against it is.still further remote, ;
'
because of uncertainties involved in the large
regular business tq war production, but also
not only
of
that the North American was the sales agent of the Terminal
to
The
—951
——w———;
9,420,324
Notes receivable
thus
common
years,
conversion
scale
Treasurer, reported that, after payment of
share on common stock $290,513 was added
increasing the asset value, of common stock
He said the directors thought-it inadvisable, to pay
dividend in January, as had been done in several
Wayiand-Smith,
earned
'to
the
to
Terminal
that
——.
$818,224 at the end of the preceding year.
Louis
dividends
al—This
District
E.
out;
*P. & W. Va. are
■
—....—331,058,409 304,353,567
Investments in controlled companies.—..—— 166,434,927 153,104,927
Other investments
—1—
597,819
624,683
Miscellaneous physical property —
I—.__
*967,976 " 1,098,117
Sinking funds •
—
———
325,000
- 325tOOO
Cash and special deposits
—
1,776,863
943,573
Working funds 1!
——
60,126
72,622
Materials and supplies
^
;—
—
5,868,061
3,385,634
$5,609,150, and current liabilities were $1,280,794, compared' with
of $585,424, current assets of $4,657,300 and current liabilities
of
$
et
Corp.,
the Western
of the P. & W. Va. at the expense of
charges of fraud, deception and
fiduciary relations are set forth in the
complaint, but apparently the North American company is the prlni.cipal alleged offender.
No particular sum of money is asked, but; an
accounting of losses sustained by the Terminal company is prayed far
and Judgment accordingly against the defendants.
1940
$
of
breaches
Telephone plant
.cash
.
1941.
set
the
of
remain
the
Comparative! Balance Sheet (Company Only), Dec. 31
•
for
road; that because of all these and the implications therefrom a
conspiracy existed among North American, the P. & W. Va. and Penn¬
$1,179,572
$620,301
$1,029,269
$894,660
Court
the coal products of which were shipped.over the P. & W.
.Va.; that Taplin and his associates controlled Terminal company
and caused the mines to be operated and
the coal to be sold at
considerable loss in order to increase the shipments of coal over the
P. & W. Va>( all with the knowledge and cooperation of the P. & WVa.; that the P. & W. Va. is controlled by Pennroad; that Pennroacl
purchased' the 'P. & W. Va. stock from Taplin, caused the same to be
carried in his name on the books of the railroad, and permitted bin*
road
——
— -
Coal
American
company,
to
Assets—
•
•to
common
estates;
four
Frank
North -American
W. Va.;
—
on
Surplus
North
S.! District
addition
of
here
several
pref. stk, (6%)
Divs.
Report of this company, silverware manufacturers, for the fiscal
.year ended Jan. 31, 1942, as certified by independent auditors, showed
a net
profit of $606,985 after depreciation, income and excess profit
taxes, foreign exchange and other reserve adjustments and bonus
to employees of $245,000.
After dividends on 96,000 shares of 7%
cumulative participating preferred stock
(par $25),. this was equal
to $2.22 a share on
197,920 shares of common stock (par $12.50),
excluding
treasury
shares.
This compares with a net profit of
••$613,121, or $2;24 a common share in the preceding year.
Current assets as of Jan. 31, 1942, including $360,386 cash, amounted
on
their
substance, and for the purpose of this statement, it is charged
the complaint that the financial condition of the bankrupt Pitts~
.! directors
$18,449,660 $18,584,269 $18,626,551 $17,832,072
4,920,000
4,920,000
4,920,000
4.920,000
stock.
12,635,000 .12,635,000
13,086,250
11,732,500
dividends
and
•
Terminal'- Coal Corp. is largely attributable to the facts fol¬
that Frank E. Taplin was President or Chairman of the
of the North American company, and at the same time President and Director of the Pittsburgh &• West Virginia Ry. Co.; that
income available for
Net
Divs,
U.
directors
liability can. be adjudged against the
lowing:
Cr9,732
Cr9,728
stockholders
Board
distribution was made-on this issue on Jan.
Oneida, Ltd.—Reports Net of $606,985—
be
in
on,
...
holder of 14
a
fellow
burgh
1,774,305
1,226,299
Cr9,728
1,773,460
„.2,412,987
prem.
funded debt (net)
payable* April 1 to holders of record March 16. A similar
2, last. See V. 154, p. 1495.
ferred stock,
of
Release
dividend of $2 per share on the pre¬
and
In
—$22,626,380 $21,979,355 $21,803,326 $20,822,943
interest
Other
individual
no
•
The
vs'.
the
defendants
estate
not
Income avail, for fixed
Preferred Dividend—
.
Virginia Ry. Co.; and The Pennroad Corp.
$11,090,811 $11,142,675 $10,303,253
10,888,544
10,660,650
10,519,689
income— $12,254,790
10,371,589
Net non-oper. income
charges
declared
have
directors
The
■
429,157
6,626,293
9,710,918
11,065,760
Net oper.
Bond interest
Norwich & Worcester RR.— $2
5,825,786
407,488
12,730,984
Operating taxes
154.
p.
5,951(550
The
North American Coal Corp. there are
subsidiary companies of that corporation;
Taplin, deceased,
and the trustees under
certain
trusts created by him;
a large
number of individuals who
.have never been. officers or directors of Pennroad, whose names need
10,842,342
11,724,359
•5,522,414
427,032
6,023,721
9,484,136
7,490,868
the
counsel
•
in
as
the
14,036,030
10,873,848
13,238,564
against
Trustee,
and
named
262,800
17,731,588
maintenance—
Operating rents—433,649
Gen. &■ miscell. exps,__„
7,941,387
of 60 cents per share on the
to holders of record Feb. 25.
June 26,-initial of 60 cents;
Of 90 cents.
Under Section 5 (.a) (3) of the National Uniform Practice Code this
company's common stock shall be dealt in "ex" the amount of this
dividend beginning March 5, 1942, unless otherwise agreed at the time
directors have declared a dividend
common stock, par $20, payable March 25
Pajintents during 1941 were as follows:
•fiept. ^0, 60 cents, and Dec. 29, year-end
The
contract.—V.
227,299
Depreciation expense—.
11,655,751
Traffic expenses—15,174,136
Commercial expenses—
6;178,868
'
of
240,690-
is
filed" in
is
Act;
-1938"
$84,101,155 $75,510,995 $71,752,342 $68,363,290
revenues.
oper.
Current
$317,796
154, p. .1729.
Northern
545,902,802
366,317
Total
Balance
279,030
with
(Pittsburgh) and-in the jurisdictions 6f certain other
.States, presumably with the intention of having the issues. finally
Joined, tried and determined by the Pittsburgh court,
The plaintiff
is William G.
Heiner, trustee of Pittsburgh Terminal Coal Corp.,
debtor, in reorganization proceedings under the Chandler /Bankruptcy
$84,380,185 $75,751,685 $71,979,642 $68,626,090
—^
oper.^revenues—
action
Heiner,
suit
(Company, Only)
19391
for $235,-
agreement
.Pennsylvania
.
revenues.
—
Uncoil,
$684,113
366.317
$105,956
pref. stock
pn
$714.8-32
$151,937
$197,535
income
.
477,248
1940
'
Coal Corp.
deposit
State
The
$56,552,986 $52,272,802 $49,931,091 $47,920,921
25,473,205
21,262,244
19,942,215
18,703,719
2,353,994
2,216,639
2,106,335
2,001,449
revenues.
revenues—
Miscellaneous
Total
Net
1941
Shannon
a
in behalf of himself
•corporation.
2,000
522
Minority interest
Comparative Income Statement
Pennroad stock
and in the opinion of
■
161,089,552 150,874,532
8,080,053
7,423,161
—
—--—i
Calendar Years--
•
Toll
etc.
expense,
»'.■
$895,942
debt discount
Amort, of
and
-
!
—•—:.
—
of
•
11,266,674
437,610
——
_
reserve
Castle
terms
•
Pittsburgh, trustee.
corporation's treasury Boston & Maine RR.
2,251,418
7,944,679
13,438,781
15,037,395
Total- '■■—11—————1^————— 600,443,977
-
$920,991
„•
—
Deferred credits
Depreciation
Surplus i.
-
the
54,568,000
33,300,000
15,297,089
2,459,450
pension ,fund__fc—-_
not due
Accrued liabilities
$713,986
$737,686
183,304
$168,823
,42,526
Operating, income-
Other income
54,568,000
12,858,300
14,631,734
Co
Sustomers' deposits and advance payments—.
ccounts payable and other current liabilities
144,447
1
•
to trustee of
sold
Notes
.238,465
42,972
.
& Tel.
>'
"
.
of New York in purchasing and continuing to hold in the
stock in excess! of'10%' of
aqthorized capital stock of the railroad; the said stock having
been purchased during the years 1929,
1930^and 1931.
This
law
applies to the purchase and holding, by so-called "holding" companies
of the stock of public service companies, organized and existing under
and by virtue ot the laws of New York, in excess of 10 % of the
authorized
capital
stock
of
such
public ^service
companies.
The
•application of this, law to the Boston & Main is sdenied.
the
-
1,051,119
136,979
237,561
79,111
Fed.
for
,
235,843,100 180,500,000
82,000,000
82,000,000
—
Bonds,
165,844
.
600,443,977 »45,902,802
_,!__
Preferred stock
$2,529,218
1,099,312
45,3.48
;
39,792
retirements.-
for
Prov.
$2,677,382
282,422
284,204
—_
General taxes
Prov.
$661,534
$709,477
oper. revenues
Operating expenses
239,651
.
•>
...
•for the benefit of the corporation; and- the charge is that the directors
named as defendants violated the Public Service Commission Law of
3,602,611
'
stock
Advances from American Tel.
Maintenance
4,817,811
23.7,860
.
U—I—————.J
——
Common
$450,025
211,509
$480,395
Electric—229,082
-
..Liabilities—'
.
4,817,811
_
:
-
Steckler Case—This is a derivative suit instituted by
shares of
12,435,103
>___
Other deferred debits.—...
Subs.)—
Electric. Corp.; (&
&
stock—lij.—_—
^ "•
8,249
-
14,991,142
3,856,823
—
the
under
Pending Litigation
6,443,005
•*
and.-interest, V
stock of
common
Co." of
95,094
4,010
Prepayments—"
of
debited
100,
Union* Trust
1,283,175
10,219,691
—■—_
Purchase
1,517,696325,000
90,539
-
_
receivable
Accounts
;
supplies—;
Notes receivable
1943,
-/-I
1967,^ at* 104
.
$
561,882,224 5)4,509,467
Other'investments'——_——1——J—^——
in
Sale of 1,200 shares of preferred stock and 24,100
shares of. common
btock of New York, New Haven & Hartford RR. for
$1,544.
•'
Purchase of $655,156 Castle Shannon Coal Corp. '4'^ -secured note
at par (reduced 4o $625,271 at Deo. 31, .-194-1);
- ;
1940
•
—
.week
bonds, .due
1941
-
.
4
$
(Del.)—Weekly Output—
States Power Co.
Northern
;
Monday, March" 16, 1942
this
writing
to
to
be
thi'
losses
establ'sh'ng
grahted
innuirv
been determined by the Court;
and
is
to
but
of
the
and-the
fair'and
a
of
b*
the
m"de
until
the
decree can be entered'of
which-an-appeal may-be
prosecuted to the Ctrcuit-Court of Appeals. .
Judge- Welsh's opinion- favorable to the corporation necessitates a
change in the position of neutrality . heretofore taken by the, board
in the matter of fundamental issues involved in the case; and the
board has given earnest consideration of the course to be pursued m
the interest of the whole body of its stockholders.
It should be borne
in mind that this case may be appealed by the Pennsylvania RR., and
the results of such an appeal cannot be foretold.
Counsel for the
plaintiffs have requestfcd the board to commit the corporation to the
payment (1) of all necessary costs and expenses connected with and
incidental to the conduct on the part of the appellee of the appeal
proceedings; and (2) of all costs and expenses paid andsincurred by
plaintiffs in the trial of the case from its inception to date.
In, view, of the Court's "decision the board feels justified in
com¬
mitting the corporation to the payment of such costs and expenses,
upon proper certification of the. nature and* character of the" same; it
being'estimated that" the aggregate costs and -expenses will not exceed
to, be payable by the Pennsylvania RR. no
Record
which
will
,
-
-
.
'
•
.
costs
of
final
and
claim, the
board
expenses
attorneys for
for
recovery
accedes
additional counsel
of
need
that view.
to
Shannon
Castle
The
corporation, and the
the
for
Pennroad
annual
Coal
for
1940
report
Corp.
financial
to.< the
referred
purchase
Pittsburgh Coal Co., 1. e., Oct. 1, 1942,
1, 1943, $422,422.
(D> The balance sheet does not include the liability for dividend
checks not presented for payment at.Dec, 31, 1941, or cash balances
jproblems
of the Pittsbugh & West Virginia Ry.<" The conditions pre¬
at that time and < the steps looking to their1 solution were
and Oct.
banks
in
(E)
or
to
meet "such, liability
at. that date.
estimates that it has no liability for Federal income'
profits taxes for the year 1941.—V. 155,: p. 266,
Corporation
excess
(J. C.) Penney Co.—February Sales—
Sales
1942—Month—1941:
-
Regular Dividend—cents
March
on
share
per
declared the regular quarterly dividend of
common stock, no-par value,
payable March' 21 to holders of record March 12.
On Dec. 27, last, an
extra distribution of $2. per share was made'(see V.
154, p. 1383).—
V.
155,
829.
p.
,•
•
Co,—Redemption
-■
of
the
second
at
105
and; interest?-
-
,
and
Coal
and
now
Pittsburgh
$1,913,000 of
holds
first
Co.
bonds
mortgage
Pitts¬
(now
The affairs of the Pittsburgh Terminal
Corp. have been before the U. S. District Court for the Western
District of
Pennsylvania in proceedings for reorganization of the
corporation under the Bankruptcy Act since 1939;
•
The Pittsburgh Terminal bonds are guaranteed as to principal ana
interest by Pittsburgh & West Virginia Ry.
Ninety-five percent of
the
bonds outstanding,
including those held by your corporation,
assented to the'extension of the guaranty until 1952.
Consequently,
the railway, of which your corporation is the majority stockholder;
and Pennroad as the largest holder of Terminal bonds are directly
There
of
the
104(4
and
Holders
of
interest.
"
the
above
bonds may receive immediate payment of the
thereof, including, accrued interest to the. re¬
by presenting and surrendering said
-
full
redemption
demption
date
bonds
the
at
price
above
Y, City.—V.
N.
specified
of
p.
155,
the
1018.
Bankers Trust
Co.,
trustee,
St.,'
Wall
16
the successful conclusion
in
matter.
of this
the
with
cooperation
appointed
court
trustees
including the remain¬
ing coal acreage.
While the tipple, structures, washery, etc., were
capable of further productive operation, the available coal was rap¬
idly approaching a point beyond
which further production would
have been impractical unless additional adjoining acreage could
be,
Terminal with
all
its
property
and equipment,
Certain commitment letters were exchanged whereby your corpora¬
tion, subject to court .order, agreed, in part, as follows;
(1) To lend Castle Shannon up to $1,267,266 to enable that cor¬
acreage from the Pittsburgh Coal Co.,
thereby prolonging by six to eight years the estimated productive
lif? of the No. 8 Mine.
Of this amount $422,422 was advanced Oct.
1, 1941,- and there remain two payments each of the same amount
due Oct. 1, 1942, and Oct. 1, 1943.
c2) To lend Castle Shannon $232,733 for working capital.
(3) To provide Castle Shannon jvith $235,100 for purchase of the
poration to acquire additional
Terminal No.
(A>
the
the
Mine from
8
1 and 2
For
Castle
above your corporation received a promissory note from
bearing interest at 4% and secured as follows:
First mortgage on all property and equipment purchased from
Mortgage, subject to prior lien as to the amount of the unpaid
balance, on the newly acquired acreage.
(C)'Pledge of certificates for 6,072 shares of capital stock of Pitts¬
burgh Terminal Land Co. of which there are outstanding 10,000 shares<
This note is to be repaid at the rate of 31(4
cents per ton of
-
and
by Castle Shannon.
At Dec. 31,-1941, principal
payments of $29,885 had been received by your corporation.
For, 3 above your corporation received 1,650 shares (55%) of the
-outstanding
sold
common,
stock
issued in the name
were
of
of Castle Shannon,- certificates for which
and are held by The Union Trust Co. of
Terminal mortgage, under a
deposit agreement which provides, in part, as follows:
11) Certificates are held, by the trustee subject to prior lien, of
The Pennroad Corp; for the repayment of the purchase price of such
Pittsburgh,
successor
the
under
trustee
certificates with interest at 4%
per annum.
'
Subject to the above prior lien, certificates are held as addi¬
security for the payment of principal and interest upon Pitts¬
burgh Terminal bonds.
(3) Upon payment in. full of principal and interest upon Pittsburgh
Terminal bonds, certificates are held
for repayment to The Pitts¬
(2)
tional
burgh Si West Virginia Ry. of all sums advanced by It to, meet its
obligations under the guaranty or for the retirement of such bonds.
Castle Shannon is mining bituminous coal at the rate of 2,400 tons
is rapidly developing the newly acquired acreage which
increase production.
Operations of Castle Shannon
completely mechanized, and if present market conditions con¬
tinue to prevail the new enterprise is expected to be profitable.
per
day and
•will substantially
will
Philadelphia
'
Amended—
be
for
Calendar
bonds
from
Interest
Int.
—
697,828
Interest
Taxes
paid
Net
19,261
$2,269,728
963
$1,697,394
19,159
146,665
income
221,467
148,110
*$2,727,508 *$2,083,068- t$l,329,261
.
t$555,582
1,750,000
$0.39
—
—~
Earnings per share
court
1,512,656
$0.28
790,000
$0.17
,
22,831
•
amounting to $16,374 in 1939
General
-
Balance Sheet, Dec,
Assets—
Co.
Iron
&
Coal
Plan
—
■'
bonds
and
holders*
well as
as
cash
a
$0.07
and $304,115 in
1938.
tions
of
The
the
SEC.
the
the
■ •
1941
income bonds
new
from 69.2%
to 64%
and increase
that
debentures
from 30.8% to 36% and give them 34.3% of addi¬
$1,288,754 to be distributed.
The
amendment
provides
that
each
holder
of
$,1000
principal
amount of refunding mortgage bonds will receive $135 in cash. $270
principal amount of income bonds and 27 shares?-of common stock,
tional
cash*of
while
each
would
receive
12.5
holder
shares
Under
$15
of
the
ing* bonds
of
$1,000
cash;
principal
$125
plan dated July
t-oreceive
was
debenture
of
amount
principal amount
income
of
$100
common
shares, and each- holder of $1,000 debenture
ceive $110 of income bonds and 11 common shares.
of
the
and
1941, each holder of $1,000 refund¬
in cash; $300 of income bonds and
1,
30
Treatment
bonds
bonds
stock.
common
was
to
re-"
mortgage bonds of which only $39,000
are outstanding
is unchanged, these holders are to receive $1,250 in
cash for each $1,000 principal amount plus interest.
Including the
payment of $48,750 to general mortgage bonds, total amount of cash
which
would
holders
distributed
be
would
The
general
reeeive
modifications
to
meet
V.
155, p. 366.
objections
would
$3,286,534
of
the
which
be
and
three
SEC
$3,772,504
made
of
which
refunding
debenture holders $437,220.
committee
were
court
the
to
plan
last
worked
out
December,—
;
;
.
■
advances to, subs. (Note A)
43,450,411
2,525,134
45,322,671
Other
(Note
B)
Accounts
Accrued
receivable
——
A dividend of 30 cents per share has been declared on the common
stock, payable April 15 to holders of record April 4. A similar pay-,
was made on April 25, July 28,
Oct. 25 and Dec. 22, last year,
astoompared with
25
cents
e&vh
March
on
15, July
10 and
15,
Oct.
1495.
Pittsburgh Metallurgical Co., Inc.—25-Cent Dividend
A dividend of 25 cents per share has been declared on the common
stock, payable March 25 to holders of record March 16. Payment in
1941 were as follows: March 15, 50 cents; June 16, 75
cents; Sept. 15,
50 cents; and Dec. 19, 25 cents.—Y. 154, p. 1531.
Pittsburgh Plate Glass Co.—New Director—
R.
B.
Tucker,
director
of
glass
sales
of
this
has
company,
been
elected to the board of directors, succeeding H. A. Gait of Akron, Ohio.
Mr. Gait is retiring from the company after more than 40-years
He
was
of
one
the founders of
chemical
a
busi¬
in- Barberton,
ness
Division
Mr,
since
of
the
Tucker
1929
that
Ohio,
later
became
the
Columbia
Chemical
Pittsburgh Plate Glass Co.
has
when
been
he
was
associated
with
Pittsburgh Plate Glass Co.
manager of glass sales.
Previous
appointed
to that time he was President of the Standard Plate Glass Co.—V.
155,
Total
15,195
250
—
income
Furniture and fixtures
(net)——
-
—
—
-
—
$47,444,601 $47,906,757
Notes
$250,000
payable
$15,492
dividends
16,384
3,855
accrued
Taxes withheld on
5,729
Accounts'payable
Common
stock
8,300,000
(par $1)
Capital surplus
Earned surplus since Jan. 1, 1939
—
Cost of common stock, held In treasury—Dr.__
'
Total
Note A—The book values of investments in
cost, except
and
Canton
as to common stocks of
Co. of Baltimore, which
39,648,742
2,505,281
3,028,769
10,838
8,300,000
39,479,617
1,506,979
Pond
A
Creek
Pocahontas
dividend of 50
cents
stock, payable April
per
Co.—50-Cent
Dividend—
share has been declared
1 to holders of record March
on
20.
in
1941
were
as
follows:
April 1, July 1 and Oct.
and Dec. 29, 62 Vz cents.—V. 155, p. 829.
the
common
Dividends
Postal
Telegraph, Inc.
Period End. Dec. 31—
Total
paid
cents each,
(& Subs.)—Earnings—
1941—Month—1940
$2,158,095
revenues
1, 37(4
subsidiaries
are
based
on
Pittsburgh & West Virginia Ry.
are
by the corporation as at Dec. 31, 1938.
subsidiaries Dec.
31, 1941, aggregates
based
on
values
determined
The value of investments in
$42,099,856.
The values do
not purport to represent the amounts which, might be realizable on
disposition of these securities.
(B) The hook values of "other investments" are based on published
stock, exchange.'quotations Dec. 31, 1938, plus the cost of subsequent
acquisitions,
The value ot ether investment* at Dec. 31, 1941, aggre¬
ftet
income
before
deduction
of
for
and
patents,
Federal Income,
taxes
was $26,566,316, an increase of $13,408,820 over 1940.
5
Taxes—Provision for Federal income taxes—normal, surtax and excess
profits—was $16,373,600 compared with $4,245,298 in 1940, an tfnorease
of $12,128,302,
The 1941 provision for these Federal income taxes
represents 61,6% of the net income before such taxes, against,,$2.2%>•
for
the
share
year 1940,
These taxes were equivalent, in
the outstanding common stock, compared
on
1941, to
with 31
$p,8
Profit
before
In addition to Federal income taxes, the total of state, local,"social
security, and other taxes paid,or accrued in 1941 was $3,417,250. com¬
pared with $2,685,903 in 1940.
Net Profit—After all deductions, net profit for the year amounted
to $10,192,716, an increase of $1,079,560 or 12% over the previous year.
After providing for annual dividends on the preferred stocks; earn¬
ings were equivalent to 50.2 cents per share on the common stock,
compared with 42.5 cents per share for the previous year,
.«
Working Capital—Cash on hand and in banks, together-with,,U. S^Government securities, at Dec. 31, 1941, amounted to $28,424,444, com¬
pared with $17,385,874 at the end of 1940.
,
Notes
and
accounts, receivable
(less
reserves)
at
the
year-end
amounted to $19,771,238, compared,with $15,022,696 at the close'of the
previous year.
n-.
Year-end inventories were $29,382,450 (valued at the lower of cost
..
or
market),
crease
for
Interest
$2,015,967 $22,852,452 $21,321,431
deprecia¬
charges
$14,670
$91,183
*$462,570
*$388,324
200,697
188,835
2,408,360
2,341,425
17,903
9,608
166,970
61,742
int.
charges
,
loss
$203,930
•Deficit.—V.
$107,260
$3,037,900
$2,791,491
Total
at
.
,
The
stockholders
action
Alexander,
300,000
at the
annual
cancellation of
would
reduce
year-end amounted to $77,578,132, com¬
at the end of the previous year.
were $39,863,293, compared with $22,554,603
'[
Inc.—To
the
the
Cancel
Treasury
meeting
on
March 24 will be asked
34,728 shares of treasury stock,
number
of
shares
issued
and
which
outstanding
to
shares.
Pursuant to resolutions of
liabilities
of
19401
Working capital (the excess of current assets over current liabilities)
at
Dee.
amounted to $37,714,839, compared with $26,695,005
preceding year, an increase of $11,019,834.
annual report for 1940, arrangements were friada
in that year to borrow $15,000,000 from a group of banks, at 1V2%
interest for a term of five years, chiefly for the purpose of providing
increased facilities and working capital for Government orders. Of this
amount, $5,000,000 was borrowed in 1940, and the remaining $10,000,000
in April, 1941.
Foreign Assets—In view of the increasing uncertainty Of world con¬
ditions, the accounts of all foreign subsidiaries were removed from
the consolidated accounts as at Jan. 1, 1941.
The investment in these
subsidiaries at Dec. 31, 1941 ($4,865,924), as shown on the consolidated
balance sheet, is based on the values at which their net assets were
included
in the
consolidated
accounts at Dec. 31,
1940,
Dividends
at the
31,
1941,
5f
close
stated
As
the
in "the
feceived from these subsidiaries in 1941
of
statement
income,
ended Dec. 31,
comparable basis.
year
are
consolidated
The
1940,
have
been
included in the consolidated
financial
restated
in
statements
this
for
report
the
on
a
Approximately 90%, of the assets of foreign, subsidiaries are located
in
Canada and
Latin
been
America.
against the 1941 income and reserves an,
provide against property destroyed by war action
in the Philippines and
against accounts receivable due from enemy,
and enemy-dominated countries.
Radio-Keith-Orpheum—On May 1, 1941, the corporation received a,
dividend payment of $89,514, or $2 per share, on its holdings of 44,757
shares of RKO 6% preferred stock.
Dividends accrued and in arrears
on these
shares as. of Dec. 31, 1941, amounted to $9.50 "per share or
$425,191.
Fixed Assets—Capital additions and improvement during the year
in
plant facilities and equipment for manufacturing, broadcasting,
communications, and research, including additions to the plant capital,
account, amounted to
$8,138,627, compared with $4,469,285 during
1940.
A large part of this increase was due to necessary expansion of
manufacturing facilities for war orders.
After allowing for the year's depreciation and; capital additions,
total
fixed
assets
(less reserves)
were
$42,143,141, compared with
has
charged
$38,501,609 for the previous year.
Litigation—In May, 1941, Fed. Communications Commission issued an
adopting certain regulations relating to network broadcasting
the broadcasting • industry, which would require NBC to dispose
of several of the broadcast stations owned by it' and of one of Its
two network services.
These regulations also would compel a drastic
revision of the business arrangements between NBC and the independent.
stations under contract to broadcast NBC programs.
order
and
of negotiation
After months
the order was
Commission
between the broadcasting industry and
modified in. certain particulars, but its-
this
question, stating that is was without jurisdiction.
An appeal will
be taken from this decision.
pending the U. S. Department of Justice filed
a civil action in Chicago against RCA and NBC charging that certain,
of the business arrangements of NBC,. to which the order of
the
Commission is directed, constitute a violation of the anti-trust laws,.
While
this
suit
was
Justice, ordering the discon¬
sale, of one network.
On
System, Inc., filed an action
against RCA and NBC charging that certain business practices of
NBC constituted
a
violation of the anti-trust laws and seeking an
Jan.
was
of
10,
asked by the Department of
those
arrangements
and
the
Mutual. Broadcasting
1942,
injunction and damages of $10,275,000.
The directors and management of RCA
conducted
have
public.
the
companies'
served
well
Whatever steps
the
are
necessary
and its stockholders.
brought by certain
suits
and NBC believe they have
affairs strictly in accordance with the
interests of affiliated stations and
the
law
the
will be taken In the interests of
stockholders of RCA on behalf of
corporation against General Electric Co., Westinghouse Electric &
Manufacturing Co. and a number of the present and former RCA
directors, hearings on an offer of settlement made by General Electric
and Westinghouse were held in accordance with the notice sent to
RCA stockholders by the referee on Sept. 1, .1941. These hearings were
the
Stock—
to consider
at the
assets
current
close
the
The in¬
Govern¬
,
Total current
In
&
due
was
the company
155, p. 1019.
Pawdrell
with. $16,841,037 at the close of 1940.
largely to requirements in connection with
pared with $49,249,607,
and
Net
compared
ment orders.
tinuance
depreciation.
and
tion
Prov.
per
c'ehts in
T/\.
A decree
1941—12 Mos.—1940
1,662,791
$47,444,601 $47,906,757
amortization
depreciation,-
expenses,
income—The
general effect remained unchanged.
NBC then commenced a proceed¬
ing in the Federal Court in New York to test the authority of the
Commission to issue such regulations.
That court declined to decide
Liabilities-
Taxes
Net
the
1019.
112,330
13,439
——
—
1,744,552
220,244
318,813
investments
Real estate—Ground rents
administrative
interest.
amount sufficient to
ment
$491,515
Securities of, and
1940, an increase of $23,847,394.
These figures include the cost of
goods sold, the cost of operating the broadcasting and communication
the cost of research, development, advertising and' selling,
services,
There
Pierce Governor Co.—30-Cent Dividend—
Investments—
•
in
1941, and designed to meet the objec-
1940
$1,136,804
Gross Income—Total " gross
income" from all sourocs" amounted-'to
$158,695,722 in 1941, compared with $121,439,507 in 1940, an increase
of $37,256,215,
Cost of Operations—Total cost of operations for the year, exclusive'
of Federal income taxes, was $132,129,405 compared with
$108,282,011
• •
amendments would reduce the refunding bondholders
proposed
share in
p.
deposits in banks and on hand
1020. >;
.
to each class.
distribution
Nicholas G, Roosevelt, special examiner for Federal court in
the
reorganization case, has filed a report -in U. S. District" Court recom.r
mending approval of the amendment which is to be offered to th'e
,
31
...
Cash—Demand
Reading
:
of continuous service.
of $181,952 (1940, $296,100) net profit on sale of securi¬
ties which was credited to earned surplus.
tBefore deducting loss on;
of securities
&
provides for $10,509,690 income
debenture
•Exclusive
sale
been
1,050,969 shares
of common stock.
In both cases amounts are computed without pro¬
vision for general claims which may be allowed against the company.
While the capitalization and funded debt as provided in the amend-ment are not changed much from the original plan, the distribution
of the new securities has been modified so as to give a smaller pro¬
portion to the refunding mortgage holders and a large proportion to
148,746
166,537
-
-
has
share
payable April 1 to
amendment to the reorganization plan of the company to be
shortly will' provide for $10,216,569 general mortgage 6% income
bonds and 1,021,657 shares of common stock.
The plan now before'
$852,589
152
17,485
—
...
Dividends
687,925
10,717
—;
General expenses
662,042
166,302
Income
cents' per
An
1938
$127,375
14,459
10,421
680,326
24,412
$2,912,297
1,003
from other accts.
Total
1939
$982,234
$1,578,515
9,911,
$2,201,496
2,257
■,
Ground rents
12(4
Years
1940
1941
Dividends
of
.
1940.—V. 154, p.
Income Account
dividend
filed
of
trustees.
155, p.
Annual Report—James G.
Harbord, Chairman and David Sarnoff, President', state
in part:
—
194j).
Shannon
mined
quarterly
the new 5% preferred stock,
par $10,
record March 16.—V. 155, p. 91.
on
three committee plan of July 1,
trustees.
(B)
coal
declared
holders of
the
obtained.
initial
An
•
v
of the Terminal
and others,
your
corporation assisted in the formation of Castle
■Shannon Coal Corp. for the purpose of acquiring from the trustees
free and clear of all liens and encumbrances the No, 8 Mine of the
In
for improvements.—V.
-
Pennsylvania Sugar Co,^-Initial Preferred Dividend—
,
interested
the $15,000,000 quickly
Radio Corp. of America
-
office
at Philadelphia, on March 2
Exchange Commission to investigate
refunding bonds
Appeals
Bonds-
Ail of the outstanding first and refunding mortgage 4%
gold
bonds, series F, due May 1, 1971, and first and refunding mortgage
5% gold bonds, series H, due April 15, 1962, have been called for
redemption as of April 11, 1942, the first issue at 104 arid interest
and
of
and
Public Service Corp. of N. J., which negotiated the sale, has
it clear" to the SEC that it will not seek SEC approval of
transaction, but instead will seek the sanction of the Public.
Utility Board of New Jersey, the SEC told the court.
•
John F.-Davis, SEC counsel, said the Commission already had ex¬
amined terms and conditions of the sale and regarded the
price as
"too low."
Wendell J. Wright, counsel for the corporation, opposed
the court's action, saying the public interest would be safeguarded
by the New Jersey public Utility Board and that SEC intervention
might frustrate consummation of. the sale. : He said, the company-
needs
Electric
Pennsylvania
.Court
Securities
"made
-
3
the outstanding
on
Circuit
the
the
•
The directors
at
report..
has acquired
Railroad
Third
The
Coal
such
in
Corporation
The
1942—2 Mos.—1941
$25,407,401 $18,327,858 $56,003,740 $38,623,812
—,
burgh Terminal Coal Corp.).
outlined
Terminal
Public Service Electric & Gas Co.- -SEC to Investigate
Issue—
authorized
have also been called for redemption as of
May 1, -1942, all
outstanding Penn Public Service Corp, first and refunding
mortgage 6% gold bonds,, series C, due May 1,1947, at 102% and
interest, and all of the outstanding Penn Public Service Corp. first
and refunding mortgage 5% gold bonds, series D, due Dec. 1,
1954,
vailing-
share paid on Dec. 27, last, 15 cents per share
April 1, July 1 and Oct. 1. 1941, 25 cents on Dec. 27, 1940, and 15
quarters.—V. 154, p. 1599.
on
cents ,in previous
the proposed sale" of $15,000,000 30-year 3% first and
at par and interest to seven insurance companies.
:
Period Ended Feb. 28—
,
pares with 25 cents per
mortgage to
money
$422,422
10 cents per share has been declared on the com¬
stock, payable April 1 to holders of record March 16. This com-"
A' dividend, of
.
mon
Corp. for the payment of $844,844 or such lesser sum as may be neces¬
sary in order to enable, it to meet when due installments of- a certain
75
alluded to herein do not comprise the
the plaintiffs in' this case. ; In the event of a
the benefit of the corporation, such fees _will_be „
fixed'by the trial judge and paid nut of the funds realized.
The
case
has been tried on the part of the claimants by able counsels
On appeal it" will'be presented upon the-record made.
Counsel dis¬
The
,
fees
Providence Gas Co.—Smaller Dividend-—
;
afford-the-basis-upon
$100,000.
1125
gates, $2,142,243, These values do not purport to represent the amounts
which might be realizable on disposition of these securities.
(C) The Pennroad-Corp. is committed to the Castle Shannon Coal
Court
ascertained and found by, the
losses have 4hus -been
of
amount
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4055
Volume 155
authority adopted by the board of directors
at various times from Oct. 20, 1937, to May 14, 1941, the company had
acquired 34,728 shares of its own capital stock to Dec. 31, 1941, for
$135,543.44 at an average cost of $3.90 per share, including all charges.
—V; 155, p. 829.
"
concluded,in December. It is expected that the referee will file his
report with the court in the near future.
Stockholders—Ownership of the corporation is widely distributed
among approximately 240,000 stockholders, in every State of the Union..
No individual owner of record holds as much, as one-half of 1 % of
the company's stock.
Less than 5Vsi% of the stock is held by foreign,
stockholders."
'
~
1126
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 16, 1942
3
Consolidated
Income
Account
for
Calendar
Liabilities—
Year
Loans
(Including domestic subsidiaries)
1941
*■
Gross
From
1940
$
$
income:
operations
157,691,142
Dividends from foreign subsidiaries
Other inc. incl. int. and divs. from other invest.
47,558
Wages,
Total
income.,
sold, general
gross
goods
ment,
selling and administrative
depreciation
Interest
patents
Federal
tax
of
and
profits
excess
income
*—
165,870
10,361,600
of divs.
excess
Earned
shares.—V.
received
;
.
10,192,716
surplus
9,113,156
23,653,014
—
at beginning of year*———
155,
on acct. of
sale of Artists' Serv.
surplus
Excess
of
shares
cost
stated
over
value
of
"B"
Dividends
on
Surplus
Earnings
29,644,491
29,564
dividends
3,152,890
66,639
66,796
2,771,027
-
2,770,837
27,963,975
per
share-—.
common
Consolidated
(Corporation
23,653,014
$0.50
tax
Notes
and
and
Net
(at
receivable
the lower of
rec.
cost
or
tPlant
and
dividends
fPatents
29,382,450
16,841,037
434,838
351,602
due
one year
—
12,045,813
series
972,478
stock,
earned
4,240,149
1,796,506
Preferred
dividends
Common
dividends
liabilities
Reserve
for
General
payable
11,197,270
profits taxes
19,227,285
804,855
cum.
cum.
stock
Earned
pref. stk.
$5
surplus
2,673,307
5,441,301
14,574,441
14,574,441
276,053
(900,824
dividend
no
shs.)
par
shares)
par
27,762.032
——.
of
reserves
,
23,653,014
134,479,284
—
$50,683,408
amortization
in
1941
$49,594,710
$9,027,993 in 1941 and
par shares in 1941 and 13,348 in 1940.
f| 12,891 no
in
1940.
$8,580,379
in
He-establishes Radio Communication with East Indies
Radio
Inc.,
with
East
the
the
opening
Medan,
Indies had
Japanese
between
re-established
was
and
Francisco
been
of
the
of
broken off
States
and
the
Sumatra.
since
Communication
March 7,
when
Working in collaboration with Dutch government
officials, RCAC established the new circuit following
with
tions link with
the Dutch East Indies that
The
and
circuit had
more
countries.—V.
155,
——
served
recently,
Batavia fell
Sheet, Dec,
as
86,136
interest
receivable,
due for
$124;
,
the
series
of
pre¬
important adjunct to
military
relations
between
the
the
common
shares sold
$1,884;
Ohio,
in
the
Pittsburgh
chain
of
retail
and Maryland,
area.—V.
155,
Cost
6%
payable, $23,111; pre¬
for redemption of-scrip cer¬
collateral secured 414 % bonds,
due
preferred stock, series A, $47,070; 6% preferred
common
stock ($1 par), $288,887; capital
155,
drug stores in Pennsylvania,
a majority of stores located
698.
dividend
of
2
cents
share
per
has
been
Sther
1941
1940
$2,290,486.
1,441,013
general
and
administrative
—
Profit
common
Reliance
Electric
&
Distribu¬
15, 2 cents
55.
p.
—
and
property,
butions
June
this issue
on
26
155,
and
Engineering Co.—25-Cent Div.—
Sept.
during 1941
29,
37ft
Provision
for
normal
(111.)
calendar Years—
and
March
Dec.
21,
26,
1940
cents.—
1939
20,876
sales,
13,088,535
—
income
43,520
44,645
,—
profits taxes
578
*4,125
78,718
taxes
40,482*
27,251
Gross
profits
$750,574
income
14,032,271
Total
11,932,126
170,068
187,580
123,782
$527,641
$803,267
$290,226
136,519
152,170
151,785
100,000
127400
Y440O
depreciation-
expense
for Federal
115,607
♦340,000
Cr38,78Q
for
poss.
loss
on
materials
raw
To'ooo
~60400
$535,860
profit
Preferred
Common
Earned
$239,902
$464,097
dividends
♦Includes
gencies.
Federal
71,929
77,806
80,507
90,226
155,998
148,856
t$249,273
$100,000
taxes
for
$0.73
$1.69
Nil
excess
settlement
thereon
profits
tax.
tAs
reserve
for
Earings
($1
sh.
per
par)
290,000
on
—
than
♦Other
—
—
of
shrs.
on
idle
plant.
—
processing tax claims, less provision for
less payments made on settlement of other
claims arising in prior years.
Federal excess profits
tBefore
Consolidated Balance Sheet,
Dec.
Assets—
travel,
1941
accounts
receivable, sundry debtors,
J
advances, etc.
Inventories
-
Land, buildings, machinery* equipment, etc
Patents
and
goodwill
/
Cash
U.
S.
(less
depreciation)
Prepaid insurance premiums, etc.
2,689,511
1,920,071
3,539,739
60,938
—
—
—
——*—,—.——a——
1,506
;
107,142
342,862
362,906
53,543
$6,789,182-
—
allowed
to
Federal
on
♦Earnings
*On
preferred
on
Dividends
taxes
;.——
—
3,346
.
—«—122,000
stock—
$114,760
3,487
———
—
stock—————.
common
share
per
188
—
—
income
on
2,100
*
—
—
customers—r—
——J.————
Net profit
Dividends
—
<
65,513
$0.85
—„——,
131,025 shares of common stock,
Balance Sheet,
$1 par.
Jan. 31,
1942
Treasury tax notes, $300,120; trade
(net), $357,231; inventories, $533,783;
equipment
(net), $475,596; unexpired
insurance and prepaid taxes, $6,076; total, $2,084,935.
and
$336,773;
$75,356;
U.
S.
receivable
accounts
buildings
and
payable,
$69,578;
accrued
payrolls, $48,520;
States payroll taxes, $5,323; reserve for Federal taxes,
dividends payable on preferred stock, $3,486; reserve for
contingencies, $100,000; preferred stock 1$20 par), $185,940; common
stock
($1 par), $131,025;
capital surplus, $686,325; earned surplus,
$450,693; total, $2,084,935.—V. 154, p. 1703.
Liabilities—Accounts
and
Rochester Telephone
Cash
surrender
Accounts
of
value
life
Operating
Uncollectible
Advances to
1
receivable,
1
—
20,505
17,150
397,738
■
759,550
3,483
Deferred
2,978
10,605
etc
officers
11,617
5,742
5,742
11,588
11,588
801,934
530,461
30,626
49,841
$3,176,347
charges
—
—
.
—
stock
♦Common
payable
Accrued
Other
Net
for
(currently)
Federal income
payable
:
—,
—
88,891
25,000
——
313,783
taxes.
—
300,478
230,000
63,948
.
Reserve
for
contingencies,
Reserve
for
workmen's
Surplus
662
63,429
51,721
2,054
-
liabilities
Mortgage payable
238,350
601
taxes, insurance, etc
1
etc
179,972
10,000
10,000
2,143,509
1,670,192
$3,176,347
$3,365,522
compensation
—
Total
—
154,
p.
the
of
_
—$89,763
$89,785
63,962
62,843
—
Net
operating
income
—V.
102 V2
common
1952,
and
have
;
interest.
been
4%
sinking
and
until
called
including
for
—
Bank
fund
debentures
will
operation on Feb,
Safe
as
be
15, 1937.
The company has arranged for a loan
City Bank of New York under seven
of $7,000,000 from the National
promissory notes of $1,000,000
each, to be dated March 16, 1942, and maturing serially $1,000,000
each year to March 16,
The balance of
1949, bearing 2% interest.
funds necessary to retire the debentures will be advanced from com¬
funds.—V.
155,
830.
p.
Calendar
&
Dan
River
Cotton
Mills,
Inc.—Annual
Report—
Operating
Water
Power
sales
Jan. 3, '42
of cloth, yarns,
Raw material,
Jan. 4, '41
Dec. 31, '39
etc. $37,803,756 $21,924,811 $22,914,188
•
581,303
303,615
389,506
34,043,705
972,813
20,055,247
1,039,469
20,973,575
1,013,129
$2,205,935
2,106
$526,479
3,756
$537,977
17,250
*$2,208,041
Reserve for Fed. & State inc. taxes
750,000
$530,235
*139,365
$555,227
108,500
labor, exp., sup. etc.
Depreciation
Profit from
Other
goods
income
sold
——
Total
»
profit
—
—
—
excess
profits taxes
payable.
$1,458,041 '
*1940
expenses———
.
$2,855,041
143,056
$2,793,208
409,003
—
—
368,557
—
87,873
—
218,774
182,77G
computa¬
profits tax)
195,473
183,101
—
Federal Income tax
(the corporations
tions indicate no liability for exc.
145,724
132,711
$1,743,011
$1,838,191
taxes
Other
income
256
2,413
$1,743,267
$1,840,604
915,106
923,863
income
Gross
income
Interest
*
Earned
on
$390,870
$446,727
30,653
*The
for
reserve
600^000
9,076
for
audited
year's
the
yeai*
ended
1940,
31,
Dec.
reclassified
statements,
Balance
for
1941
300,842
J.
15,196
131,254
97,251
—*
151,957
——
106,090
—
23,501
23,501
expenses—,—
1,143,177
1,185,137
33,397
28,630
—*
securities
14,391
177,553
-
and supplies—
Sinking fund for redemption bonds—
deferred
"
399,754
269,563
87,526
—
funds
debt
1940
$30,122,663 $30,013,194
;
—
receivable
Investment
was
comparison
Sheet, Dec. 31
—
Special deposits
Other
$692,254
statement.
Assets—
Accounts
218,924
$878,222
items (net)—Cr—
income
of
previous
Electric plant
Cash "
Restricted
429,273
19,912
—
surplus at end of year—
current
835,824
692,254
428
depreciation——*
stock—
common
statement
$899,792
—
!
and other sundry
from
the
35,425
$776,892
deduction—
beginning of year———,•
Adjustments of prior years' revenues, taxes and
taken
21,000
385
surplus at
expenses
30,946
21,000
expense——
—
—
Appropriated to
——
and
construction—Cr,„——
to
income
income
Dividends
discount
interest
on
charged
Miscellaneous
Net
debt
assumed
Interest
—
long-term debt_——*
on
Amortization of
Taxes
—
discount
and
charges
Total
101,607
$32,253,912 $32,172,272
Liabilities—
♦Capita} stock
First mortgage sinking fund gold bonds,, 4'/a%
$9,000,000
Accounts
1979
—
payable.
payable
long-term
Dividends
Matured interest
Interest
accrued
46,942
deferred
Other
accrued
*
retirement
common
6,251
1,240,032
1,078,242
778
—
13,698
funds
restricted
87,526
—
100,000
by
and
stock,—V,
200,000
155,
p.
—
shares
42,
.
„
692,254
$32,253,912 $32,172,272
(no par)
of
shares
(no
par)
.
97,251
878,222
srplus.
stock
341,857
135,675
5,498
annuities**
Total
common
76,748
135,675
*
depreciation**
for
11,071
349,234
credits—*.
liabilities
Reserve for
Earned
3,120
10,876
76.009
long-term debt———
bonds—*
Reserve for
Reserve
210,000
4,120
———
Taxes, accrued
Other
40,104
150,000
—
debt
on
20,466,000
*
*
%
on
$9,000,000
20,269,000
—
due
♦Represented
♦No
Corp.— Earnings1941
revenues
Other
operating
Depreciation
Matured
Years Ended-^
$811,937
against 111 a year
Years—
Maintenance
series
Riverside
118
totaled
J.55, p. 830.
Harbor
Unamortized
pany
1942—2 Mos.—1941 "
$1,045,603
$430,168
28, last,
Materials
March
;
.
1942—Month—1941
$519,183
——
Including the $150,000 of these debentures which were called for
redemption as of March 15, 1942, a total of $1,350,000 have been
retired, leaving $8,650,000 still outstanding out of an original issue of
on
——,—
">
(con¬
14, 1947), due
of March. 23, at
the Security-First
March
redemption
made at
National Bank of Los Angeles, trustee, Sixth and Spring Sts., Los
Angeles, Calif., or, at the option of the bearer or registered owner, at
The Chase National Bank of the City of New York, New York, N. Y.
Payment
income—,
830.
Rose's 5, 10 & 25-Cent Stores, Inc.- -February Sales—fc
with
stock
—~—
———,—
155, p.
Earned
outstanding 15-year
into
15,
T
$157,015
67,230
1731.
Loans Arranged—
vertible
1'
384,572
59,023
—
-
——-
wages,
$290,000
—
125,684
_
dividends —:
current
Mortgage
$290,000
*
__.
payable
323,990
*"
operating revenues-:*,.—$174,101
Operating taxes
—84,338
■y
Operating
Liabilities—
Notes
$481,005
"
Other
Total
$511,341
337,240
—,,,
,,i————
$3,365,522
—
;
-
revenues
*
368,074
80,000
—
——,
receivable,
879
revenues—,,
Operating expenses —i
earlier.—V.
salesmen, etc.———
note
operating
Operating
1941
$482,074
1,069
1942
—I———_—$512,220
revenues
Stores in
;—
insurance.-,
receivable
Corp.—Earnings-
of January—
Month
$1,608,520
48,751
$8,401,333
——$242,994
provision
$1,479,350
——
Net profit for the period—
Total
debt
Sales
334,774
;
,
.
1940
51,627
107,192
—
$241,487
—
——
Period Ended Feb. 28—
—
treasury notes
Discounts
1940
$758,927
4,846,636
*
Value in life insurance policies
in outside companies
Investments
Property
31
$300,650
Customers'
taxes.
31
Assets—1941
Inc. from
Cash
$364,886
123,399
—
expense———
stock
cap.
—
contin¬
of
and
general
1942
Jan, 31,
——
—
——
and
—
Provision for
$0.86
—
111,308
$2.08
sh. on com.
$On
$54,465
267,426
dividends
per
59,977
:~:~7
fAmount appropriated.*
Co.—Earnings—
Income
$10,000,000
12,818
taxes
$ Refund
Net
$166,444
253,711
Interest
Prov.
$615,687
$1,004,285
income
for
Prov.
Prov.
$357,573
'
the Three Months Ended
profit
Anticipations
——
$90,286
—$0.31
profit
March
Other
Bad
Net
Net
All
selling &
19,709,460
Button
Experimental and research expenses—
-
Richfield Oil Corp.—To Redeem Debentures
1938
$20,460,034 $13,446,107 $14,647,958 $12,098,571
general expenses
* '
.
income
Total
$397,637
25 cents;
50
(& Subs.)—Earnings-
1941
Net sales
of
follows:
as
each;
9,182
21,016
—
Federal
excess
*$1 par.—V.
Reliance Mfg. Co.
Cost
were
cents
607.
p.
Other
security,
capital stock taxes
Interest charges
$388,454
$223,132
.—
social
'
5,001
——
-
personal
99,256
$218,131
„——
————
and
Provision
A dividend of 25 cents
per share has been declared on the common
stock, par $5, payable March 27 to holders of record March 17. Distri¬
V.
Operating
1,801,525
100,507
expenses
———
—
Depreciation
Real
——_
—
income
Taxes
the
on
March 29, June 25 and Sept.
each, and Dec. 20, 4 cents.—V. 155,
the common
declared on
been
has
share
per
.
administrative
Federal
$1,758,399
-
—
Profit
Unclaimed
declared
stock, par $1, payable April 10 to holders of record March 7.
tions last year were as follows:
cents
/
profit
notes
1
—
sales.—
Accounts payable
Red Indian Oil Co.—2-Cent Dividend—
A
154,
payable March 20 to holders of record March 10.
This
10 cents per share paid on Dec. 19,
1941, and on
1940.
land,
1021.
p.
(net)
of
Selling,
Loan
with
p.
with
20,
Gross
$115,730;
Inventories
February sales of Rand's, retail drug chain, totaled $174,791, as
against $165,319 in the like month last year, the company reported.
February, 1942, sales were the highest for any February in the com¬
pany's history.
a
5
of
$3,
par
Selling,
dividends
common
$2,442;
Sundry notes receivable and accrued interest—
operates
West Virginia
$30,711,504
stock taxes.—V.
capital
and
.:/■
.
Earnings for
but not
Lynch, Sales Manager for the aeronautical industry for Rey¬
Co., Inc., has been elected a Vice-President of the cor¬
Mortgage
Rand's, Pittsburgh—Record February Sales-
Rand's
w
State
Federal,
t
and
Reynolds Spring Co.—Earnings—
communications
a
had been in operation since
an
—
7,500,000
7,465,385
,
1941
31,
dividends
to
1020.
p.
10,945
52,249
for
Rochester
Quarter Ended Dec. 31—
the
liminary tests.
Breaking of the San Francisco-Batavia circuit of RCAC, the week
before last, interrupted for the first time a United States' communica¬
commercial,
—
Balance Sheet, Dec.
July 16,
7,500,000
1-———
———;
reserves
12,504
10,245
securities
invaders.
1925,
21,800
.
!___
Metals
Sales
Dutch
11
by RCA Communications,
radiotelegraph circuit between San
direct
a
capital
United
March
on
.
two
A.
Federal
communication
Indies
1,561,119
—
—_*—**————„—
——'.
dividend
Dec.
(incl.
income equalization account of $4,548), $1,351,776;
surplus, $12,727; total, $2,192,457.—V. 154, p. 1600.
franchise
Through Sumatra—
East
surplus
$6,685,000
—
:*——
$100)-——————
(par
$404,045;
101,944,536
and
of
reserve
27,762,032
27,963,975
——
stock
(par, $25)*
$27,745
285,839
stock
no
—
Total
tAfter
T.
5,000,000
3,198,189
(13,881,016
:
——.—
—
preferred
sttfclc
compares
transactions
$236,764;
payable,
B,
poration.—V.
2,770,837
5,441,301
first
pref.
61,610
$30,711/504
——
——————
payable
Assets—Cash,
804,907
2,771,027
15,400,000
*
.J,
contingencies
fl"B"
Common
$51,845
7,781,587
reserve
$3.50
1940.
17,060,126
payable
—
1,765
998
Reynolds Metals Co., Inc.—New Vice-President—
nolds
—
excess
1,620
3,502,649
1,391,883
—
134,479,284 101,944,536
and
1,767
———
fractions of shares, $1,045;
series
surplus
accruals—
inc.
accruals,
A, $332,000;
5,082,386
LiabilitiesProvision for Fed.
banks,
for
dividends
28,943,494
Total
JAfter
cellaneous
5,103,347
——*
payable and
local
tificates and
2,398,111
—
14,664,990
Riley Stoker Corp.—Five-Cent Dividend—
A
Stock,
purchased :but not received, $1,870;
shares purchased but not received,. $2,025; Federal,
taxes accrued, $5,667;
interest accrued, $6,225; mis¬
capital
and
12,931,291
r_
——
charges
Accounts
for
State
ferred
—
—.
Goodwill
Deferred
12,536
$13,784; marketable securities owned,
$1,919,338;
prepaid
$2,097; debt discount and expense, $14,282; office furniture
and, fixtures (less reserve for depreciation), $371; total, $2,192,457.
———30,401,532
—
in
Liabilities—Due
market)-—
.
equipment——
—
26,989
——
—
accounts receivable,
17,385,874
15.022,696
—
97,791
—,
delivered,
19,771,238
Emergency plant facilities-—
$69,888
expense-
—————.
Balance
$5,697;
reserves)—
advances
-
1383.
p.
expenses,
—
Investment and
$95,144
————
dividends
Common
$
5,281,882
maturing beyond
reserves)
and
tax-
profits realized from security
during the period—T——
Preferred
Government
(less
8,542
—
—,—
Net
1940
—
accounts
Notes and accts.
(less
and
discount
bond
income
23,142,561
—
notes
cost-
Inventories
Other
of
Provision for Federal income
Assets—Cash
Sheet, Dec. 31
domestic subsidiaries)
hand
on
anticipation
at
—
payable
♦And
$66,790
3,098
14,940
—a—.—
—.
$
banks
in
S.
bonds,
—
,——-—-
—
cumulative
Total
1940
1941.
$86,603
-4.-—_j— a—_—————
—
1941
Cash
6%
;
24,828
Balance
Assets—
U.
i—
i,—,.——
:
—
Liabilities—
♦Accounts
capital
of
account
on
—
——.
—
$0.42
——
and
10,460,331
,r
(net)—
—
Common
——.
Income, "interest
954
3,152,815
—
stock—,
common
2,363,117
pref.
preferred stock—
"B" preferred stock
on
Dividends
restricted
4,964,782
—
*.
——
assets
Total
739.
p.
Interest
33,984,019
first
on
is
1940)
(net)-
Prepaid charges
$6,789,162
29,644,491
138,289
purchased and retired—
Dividends
in
$462,001
—
receivable
20,531,335
business
—
44,223
$8,401,331
—
1942
2,228,550
Years Ended Dec. 31—:
Amortization
Total
Fixed
2,596,395
—
notes
Investments
400,000
Earned
Total
Adjust,
255,194
36,327
:
3,
———
1,091,900
Republic Investors Fund, Inc.- -Annual Report—
200,958
Income,
income
($305,270
774,300
33,845,730
Net
*$318,367
and
400,000
——
——
—
Jan.
——
Notes
Total
8,912,198
Inventories
533,094
-
J™.
131,162
Accounts
1,004,200
.
__v-.
surplus
19,108
2,228,550
preferred stock
stock
♦Earned
106,047
3,470,998
—10,192,716
——
——
cumulative
Cash
$255,908
98,645
accrued-
Sheet
Assets-
.
17,574
commissions and expenses
Common
650,000
6,012,000
tax—
subs, in
104,523,737
3,002,227
a—
surtax--,
——
foreign
2,927,804
700,000
•_
normal
128,335,731
expenses
$1,000,000
——
486,549
Capital surplus
_
—
Federal
Inc.
of
121,439,507
158,695,722
—
develop¬
—
*,
Amortization
Net
—,
operating,
_
—
Reserve for Federal income and other taxes, etc.
Reserve for contingencies—
7 c/c
Cost "Of
payable
Accounts payable
Dividends payable
120,687,197
181,959
570,350
957,021
Balance
non-voting
of
voting
class
class
A
B
„r_ »
ni|i| yn •
~n,fr"^'.iii 1.1/iiMiiT'mi
j
—^-i
flMy M,
*Wj)».»Mi(li>it>.,M;^.<•
'**
'
'
Vohim e 155
Southern Ry.—Earnings-
Safeway Stores, Inc.—Sales Continue Gain—
4 Wfeks Ended
Sales
Feb. 28, '42
'of
1941,
the
stores
Reeves,
Inc.,
acquired
and
$90,284,708 $67,274,642
August,
of
Period—
Feb. 28, '42- Mar. 1, '41
$34,213,379
in
sales
week Ended Feb. 28
8 Weeks Ended
Mar. 1, '41
$44,549,585
__T
Sales
Danies
v
the
stores
84
—V,
155,
fest'd)
$4,339,308
1942
The
and
In
directors
the
•
of
$3,398,299 $33,606,502 $26,545,685
at
declared
extra
an
dividend of
25
cents
one
preceding quarters the
la2,
paid regular dividends of
company
C.
50
Cabot,
155,
367.
p.
Co.—February Sales—
300
$5
Operating
revenues
$153,832
$139,271
y'7,3/7
;
84,235
_A__
$948,440
—V.
155,
,
'
-
'
Income
1941
from
oper^.u.!.Other income, net
1939
1938
for
Inc.
Fed.
$411,937
$422,038
$408,535 :
to
36,832
37,173-
$474,642
$458,869
137,848
>..
100,369
$445,709.
The directors
.$432,647
.
the
17.
income.
Earnings
$336,794
$358,500
$378,916
$368,977
pald^-..—660,000
Dividends
480,000
480,000
480,000
$1.29
$1.26
$1.23
share
per com.
$1,12
Balance
Sheet,
Dec. 31,
$1,
of
the
Tax.—V.
of
Liabilities—Accounts
par),
payable,
provision for Federal
$3,000,000;
earned
$20,229;
income
surplus,
accrued
$794,511;
and
taxes
$155,510;
tax,
stock
(
31
50
to
cents
of
regular
A
to
the
cover
$1.25
of
stock, par
$100,
Wisconsin
Privi¬
Scuddei\
The directors
(.
for
the
This
75
first
cents
were
net
Sales"——•!__
—V.
share
per
at market
$74.33
or
standing increased
in
from
each
value,
of
the
four
close
March
of
quarters
cents
of
&
February—
Standard
The
$5
1941
1940
-
••
uncertain
its
1
have
declared
dividend
a
stock, par $50, payable April 1
Distributions of $1.25 each were made
motv
against
as
$1
Oct.
on
1,
and
1940,
of
$1
Oct.
From
tions-of
10
holders
to
share
of
the
on
April
on
1940.—V.
1,
152,
at
this
July
1,
March
4 took
Oct.
of
and
last
1
Dec.
1940.—V.
23,
24,
155,
action
no
Distributions
time.
and Dec.
.
on
10
cents
each
made
2,
April
1,
-.
paid
on Sept.
basis,
68
Sloss-Sheffield
A
"1
"
■
'
'
•
•
30. and Dec. 24, last year.—V, 154,
'
Steel
&
Iron
—V.
C.)
Smith
directors
the
the
13.
'
Typewriters,
Corona
&
Common—Dividends Declared—
The
on
common
In
each
of
on
March
stock
and
6
declared
the
common
of 50
cents
per
Share
•
dividend of 75 cents.—V.
year-end
155,
p.
Carolina
Power
698.
Operating
expenses
for
Prov.
taxes
1942—12 Mos.—1941
excess
$377,921
$4,791,607
$3,992,586
174,806
2,350,952
1,890,971
52,548
income
Federal
45,856
552,296
26,395
18,700
202,737
that
Net
27,954
13,000
158,431
31,250
425,933
375,000
$113,445
$94,309
$1,101,258
$1,068,872
54,974
55,053
643,214
$53,471
pref.
$39,256
$458,044
of $4,000;600
of
Cash
14,287
171,438
Dec.
-V.
155,
$24,970
P.
$234,893
$286,606
642.
31,
1940,
for
for
Int.
cash
on
Amort,
589,175
582,365
436,329
293,754
369,785
71,823
55,189
640,366
602,093
Balance
155,
$91,406
deducts.
$108,159
31,729
_
32,919
'<
■
$1,237,909
385,068
-
388,922
a
stated
Adams
$802,008
$848,987
412,296
412,296
10,848
130,181
130,181
$14,470
___'
p.
$30,034
$259,531
" $306,510
.
this
company
March
5
paid
$2,500,000
of
its
serial
V
of
the
estimated
directors
securities
per
snare
on
for
tne
1940
year
to
year,
On
stools.
common
bank
loans
reducing the amount outstanding to $12,500,000.
Loans paid were
maturing July 1, 1942, and April 1, 1945.
Loans that remain
■outstanding mature in eoual quarterly Instalments Oct. 1,
1942, to
1945,
inclusive.—V. 155, p, 1022.
.
that
7%
the
it
issued
recently
stock,
in
$3.25
Co.
to
preferred
have
at
the
of
$9,516,315,.
was
of
of
de¬
were
dividends
1940
approved
of
the
for
year
was
$2,467,147
in
was
excess
that
about
authorized
$8,000,000
In
of
$25
31,
an
from
1941.
for
May
the
This
$18,916,234
decline
as
at
arises
when
the
H.
may
the
of
Committee
be
quoted
the
shall
Security
on
"ex-interest"
continue
series
1,
of
1942,
1950,
to
due
on March 16, 1942.
Rulings on March 5 ruled
$25 per bond on March 13,
be
to
April
dealt
in
"flat."—V.
Massachusetts Distributors, Inc.,
1938,
With
stock
■stock of the
will
of
Fund,
be issued
and
under¬
financing undertaken by
are priced at current
The shares
which is based
daily.
net
asset
value, calculated
the current offering of 53,095 shares
and approximately 11,900 -shares of
of the presently authorized common
constituting its entire capitalization,
outstanding.
on
organized in 1924 as a private investment medium.
July. 31 of. that year net worth was $100,000.
At the close of
when
total
of
was
the. number
of
shareholders had increased from three to
net worth was $3,334,000.
Since that date, the number
of -shareholders has risen to more than 6,000
at the close of 1941,
when
net
worth
amounted
to
$29,337,924,
represented
by
536,184
a
shares
The
ment
of
95,
common
stock.
prospectus notes that
Company
Rate
16.
of
the
on
capital
Previously the
per share.—
$3.75
Act
of
1940
the
as
fund
an
is
registered
open-end
under
diversified
the
increase
an
in
author¬
the
from 3,000,000 shares.
authorized but unissued
shares
has
been
holders
March
of
20
declared
record
and
June
on
March
20,
75
tho
com¬
10.
Pay¬
cents
each;
also
paid
Nov. 5, 1941.—V. 154, p. 1384.
on
in 1941—
with
compared
share
per
$9,140,888
the
on
net
number
same
sulphur sales and earnings before taxes
than in the preceding year, net
of the increase in tax provisions
1941, against only $1,821,456 in 1940
liable for Federal excess profits taxes.
above
remain
stocks
in
totaled
in
$29,801,872,
taxes
tho
against
amounted
pvoooding
letter
his
Notwithstanding
the
of
the
at
Mr.
ago,
of
excess
in
ground
year
a
in
$25,582,211 in
$13,124,775, com¬
to
year.
-
in
report.
as
"Total
to
the
3,000,000
at
tons
accompanying
shipments, the stocks
large
mines
Aldridge
company
stockholders
at
are
virtually
the
same
reports.
all
and
points,
exceed
including
by
the mines,
5% the cor¬
about
responding figure in the beginning of 1941," the letter states,
"The
company is prepared to produce sulphur at a materially higher rate
than that of 1941 if the demand should make an
increase necessary.—
V. 154, p. 1059.
Textile
The
Properties, Inc.—Depositary—
Manufacturers
plan
of
first
mortgage
1958,
Trust Co. has been appointed
depositary under
dated Nov. 1, 1940, for Textile Properties,
Inc.,
sinking fund gold loan certificates due Nov. -1,
in the amount of $6,852,500.—V. 154, p. 1152.
outstanding
modification
6 %>
Textiles, Inc.—10-Cent
The
directors have
the
on
March
declared
Dividend—
10
cents
share
per
on
the
•
"
20.
An initial distribution of
Dec.
Common
dividend of
a
stock, and the regular quarterly dividend of 25 cents per share
preferred stock, both payable April 1 to holders of record
common
Oct.
on
15,
1941,
1941.—V.
31,
154,
10 cents per share was made on the common
which
followed
was
by
a
similar
payment
on
1731.
p,
Transcontinental & Western Air,
Inc.—Earnings—
Calendar Years—
and
1941
loss
1940
$487,613
*"$97,972
Invest¬
investment
in
air mail revenues, increased costs of labor, materials
higher taxes and insufficient equipment to accommodate
loads
last
summer
contributed
to
the
deficit
supplies,
overflow
for
passenger
1941.
Passenger
1940
to
total
a
Mail
increased
revenues
$10,240,662
of
in
1941,
30% in 1941, rising from $7,887,663
and express revenues climbed 60.8%
$481,968.
decreased
revenues
$109,061
despite
an
increase
of
over
24%
mail
in
pound-miles flown, as a result of the lower mail rates estab¬
the
Civil Aeronautics Board on Oct.
1,
1940.—V.
155,
57, 510, 1023.
lished
p.
by
Traylor Engineering & Manufacturing Co.—Tenders—
152,
limited amount of common stock was made
a nationwide group of investment firms
the Fund since
of additional
March
approved
to
before
President,
sulphur
tonnage
1022.
has received notice that fixed interest
writers of the first new capital
market,
under
sulphur, amounting to more than 2,000,000 tons,
the history of the company, according to Walter
largest
annual
of
to
on
20
not
1941
$10,962,343
Reduction
State Street Investment Corp.—Stock Offered—Public
a
exchange
"^Adjusted.
Payment-
$1,000 bond will be paid
per
bonds
by
record
share
per
was
was
in
earnings
Aldridge,
Fidelity-Philadelphia Trust Co., trustee,
will
Pa.,
until
March
27,
1942,
at
135 So. Broad St., Philadel¬
12
o'clock
War
noon,
Time.
•
sealed
receive
10
of
"
declared
distributions
10
$4,109,000
Wim
phia,
March
been
additional
follows:
while
were
155,
for
p.
cents
March
as
company
revenue
1940,
pared
stock
individual companies.—V.
compared with 137.554,000 kwh.
an increase of 13.7%.—V. 155,
March
provide
revenue from
gross
aggregated
Gross
;
appropriation
3988.-
offering of
the
the time in
29
stock
Canada—Dividend
stock to 3,500,000
65
was
cash
registered holders of 5% secured income bonds,
April 1, 1950, Of record at the close of business
the
quarterly
capital stock outstanding,
1S40, equivalent to $2.38
outstanding.
for
which
recognition
utility operating companies in the
system for the'week ended March 7. 1942,
New York Curb Exchange
that
to
plan
substantially higher in 1941
was
slightly lower because
the
taxes
declined
Dec.
need
Starrett Corp.—Interest
p.
holders of
to
on
were
Shipments
share,
per
with
public
'the
kwh.,
156,424,000
bonds
1
stock dividend
Although
were
Electric Co.—Weekly Output—
&
Gas & Electric Co.
said
stock,
delivered
Ltd.—2-Cent Dividend—
has
share
per
regular
payable
1941
shares
in
Tire
subsequent
preferred
assents
has extended
cumulative
income
54
.tho
..
corresponding week last year,
1927,
■
be
may
cumulative
of
the
Sept. 20 and Dec. 20, $1 each.
of
stock
of
increase
is
it
board
that
Gas
Electric" output
Standard
Corporation
,Co.—Reduces Bank Loans—
7%
terms
under
28
Assurance
April
dividend
income
compares
beyond the control of
largely
Standard
642.
those
1,
cents
of materials and finished goods.
treasury stock-, all
10,848
______—
Southern Pacific
Jan.
10
necessary. to carry on
business is steadily increasing due to rising material
and taxes, and that during war-time these demands upon
every
are
twice
34,358
34,358
pref. stock—
pref.
stock
$1,187,075
$75,240
$59,676
___
old
of
Net operating
As
The
Increase
associated with
of
expense
-V.
52,015
41,400
21,300
51,478
Feb.
which
old
the
on
April
f to
ordered
was
The
annual
report of the company shows net income* after all
charges and provision for taxes, of $9,015,775 for the year ended bee.
31, 1941, equivalent to approximately $2.35 per share on 3,840,000
542.
p.
1,834.880
62,262
other
Net income
Divs.
1,948,616
depreciat'n &
income
and
169.983
stock
the
share
per
payable
payment
Texas Gulf Sulphur Co.—Earns
$9,015,775
stocx.
quarterly distribu¬
and, in addition,
$4,698,855
42,655
profits
amortization
Gross
$&,095,315
45,618
income
Federal-excess
Prov.
$448,046
192,864
expenses —
taxes <gen'l)_
Federal
1942—12 Mos.—1941
$486,282
revenue.-1-——
Prov,
issue
receivables.
and
Co.—Earnings-
1942—Month—1941
period End. Jan. 31—
Operating
for
This
$9,030,169.17
to
and
that
Gross
Of
marketable
and
Accordingly,
Southern Indiana Gas & Electric
for
with
announces
of
stockholders
A 50%
of
possible future inventory losses out of the year's net
to surplus.
for
prices, wages
171,438
$44,185
$1.25
con¬
$7,759,142.59, before transfer thereof
amounting, to
Balance
of
stock
and
■mainly from the substantial increase in the dollar amounts needed for
$406,331
14,287
stock—
dividend
a
Exchange Under Plan Extended—
payable
ments
company's
662,542
deducts.
other
on
must
of
income
to
income
13,000
37,733
income
Divs:
shares
cents per common share.
and excess profits
this
of
155,
Sundstrand Machine Tool Co.—65-Cent Dividend—
8.
"because
common
1942,
of
income
wfie; in prices
this 'situation the
139,449
profits
income
and
its
on
2,
James
ployee Retirement Plan and with pensions, as compared with $393,292
1940. before
adoption of the plan which was approved by the
at the 1941 annual meeting.
As of Dec. 31, 1941, domestic inventories totaled approximately $36,000,000,:-am increase of about $13,000,000 during the year.
Mr. Adams
stated
Manage¬
fund.—V.
dividend purposes, if and when the
company's management
deem it advisable to declare such dividends, and for other corporate purposes.
The company announced that it will not issue or
sell any of the additional shares at this time.—V.
155, p. 927.
for
totaled
Gross
Int.
taken
was
company
time in the
this
preferred
income
stock."
505,293
depreciation.
for
by
$7,759,143 is after deducting from income a
special provision of $1,500,000 which has been set aside for additional
depreciation and obsolescence.
During the year charges against income
amounting to $1,661,379 were incurred in connection with the Em¬
almost
206,648
—
(gen'l)
Federal
Prov.
Co.—Earnings—
$464,722
revenue
dividend
12,648,108
$3,514,592.
/ 7 '
'
'
.
taxes.
inventories
1942—Month—1941
Period Ended Jan. 31—
Gross
50
for
1941 net
Mr.
South
of
increase
of
regular
and
the
to
may
common
'
due
dividend
a
Inc.—50-Cent
*
quarterly dividend of $1.50 pershare on the preferred stock, both payable April 1 to holders of record
March 17.
Payments last year were as follows on the common stock:
April 1, 25 cents; July 1 and Oct. 1, 50 cents each; and Dec. 27, a
on
for
A
stockholders
■•;'■ /
Research
services
no
par
value,
similar quarterly
A
preferred
before
or
dividend
mon
$6,450,014, equivalent to 51 cents per common share, as compared with
$2,935,422 in 1940,
equivalent to 23 cents per common share,
an
profits
1731..
p.
of 1941 a like amount was paid (see V. 154, p. 1496).
155, p. 92.
(L.
on
the
on
the
first
share, after preferred dividends.
dividends of $5,059,243, or 40 cents
common
or
Provision
Co.—$1.50 Dividend—
$1.50 per share has been declared
March 21 to holders of record March
the four quarters
the
on
$6,324,054,
dividend, of
payable
extra
an
consolidated' net
cents per
'The
stock,
the
dividend
a
$4.56:cumulative
or
directors have declared
were
on
Life
shares
per;share
same
1,
an extra dividend of $1.50 per share and
the regular quarterly dividend of $1.50 per share on,the capital
stock,
both payable March 31 to holders of record March 10. -Extras of $1
each
paid
■During 1941
.
'
$5
,
■
•
50
and
1941.
on'the
Singer Manufacturing Co.—$1.50 Extra Dividend—
The
action
because
is
share were made
per
cents
1,
1, Oct.
July
and
This
dividends
announcement
an
that this
ahead
capital,"
to
the
1939. to and including Jan.
company
2,
clared
r
1940,
deducting dividends of
April
on
which added
$90Q,009-on the
dividend usually due
were
and on
year,
830.
p.
the
on
16,
Consolidated net income of the company and domestic subsidiaries for
the year 1941 was $7,759,143, equivalent, after
Silver Kin^ Coalition Mines Co.—Omits Dividend—
The directors
•
Dec,
James S. Adams, President, announced that net sales of this corpora¬
tion and domestic subsidiaries were $119,564,282 for 1941 as
compared
with s.miiar sales last "year; of $98,874,698, an increase of 21 %.
April 1 and Oct. 1, last year,
on
$1.25
11.
compared with
as
on
March
21.
1930.
p.
record
Sales and Earnings for Year 1941—
corn-
March
record
according
conditions
cents
Jan.
per
Street
stock,
7.
exchange
ized no-par common
The increase is to
1940.
Feb. 27 voted to omit
on
working
the
directors
State
Sun Oil Co.—Stock Increase Approved—
on
the
13-year history tnat it has passed
-
,
Sharon Ry.—Dividend Rate Reduced—
The
16,
last,
$1.25
share
per
cumulative
the .-present,
tor
serve
:
:
20,
cents
of
holders
1941,
sept.
declared
to
Dec.
62 V2
Brands, Inc.—Omits Common Dividend—
directors
stock
the
1942
and
15
of
regular quarterly dividend of $1.25
preferred stock,
series A,
payable
1 to hotderSl of record April 15.—V. 155, p. 927.
May
$61,670,963 $49,991,529 $40,835,743
p.. 641.
of
declared
March
accordance
company made
V. 155, p. 698.
3
or
Co.—Sales Higher-
Sales
; —v. 155,
14
on
<T0;. and Sept. 2,
also
the
Adams, President,
Sears Roebuck
Month
dividend
a
made
was
-June
on
oh
share
per
1941.
declared
payable Maich
June
on
eacn
directors
The
4.
March
each
cents
25
During that period shares out¬
161,162—V. 155, p. 641.
151,107 to
*
$6,063,758
Sons—62 V2-Cent Common Dividend
have
stock,
common
Paul
-
similar distribution
1941.
3,
'
.
$6,070,417
any
Adams,
par
The
of
$11,767,830,
to
Francis
dividend
A
1942—2 Mos.-*-1941
•
$3,315,216
698.
p.
directors
The
share
per
Payments
of business
compared
as
cents
record
distribution.
the
at
share,
per
March
on
dividend of 75
a
20 to holders of
155,
$2,907,469
■
<E. R.) Squibb
155,;
the
quarterly
made
were
assets,
$11,978,879,
$77.88
consecutive
share
per
Total
.
56th
in
holders
stock,
Period End: Feb; 28—,1942—Month—1941
~
Fund, Inc.—Div.-Assets—
March 4 declared
on
quarter, payable March
the
was
Clark
&
Charles
.
^
Stevens
have
of
in
Sun
831.
p.
and
of
of 2 cents per share has been declared on -the
common
$1, payable April 30 to holders of record April 15.
On
April 39, last year, a distribution of 4 cents per share was
made, as
against 2 cents on April 30, 1940.
31.
.
A
1
include
,
Sturgeon River Gold Mines,
record
31, June 30
dividend
preferred
that
assets
securities
or
from*-:
funds
owned.
management
preferred
company
stock,
quarterly
March
gains
share
per
holders
Marcn
Spiegel, Iuc.-^February Sales Off 12.3%—
($10
$4,006,265.—V.
total,
stock
Reduced—
508.
,P.
net
corporation's
5%
of gross
to
Compli¬
stockholders
holdings for new $5 cumulative preferred and common stock
recently approved recapitalization plan.—V. 154, p. 1633.
the
expenses,
capital
7
$100,
The
$1.50.
convertible
be made
of
follows:
as
24,
record
wiii
155,
March
were
cumulative
0.5933 %
dividend
a
payable
declared
holders
to
1
Dividend
lege
1941
also
the 5%
on
April
deduction
A
declared
cents each, and Dec,
directors
payable
4
stock, "par
30, 50
per share
$438,455; tl. S.r Government securities, incl. accrued
> interest,
$1,508,284; customers' accounts receivable (net), $167,858; in¬
ventories of leaf tobacco, manufactured tobacco and productive supplies,
$1,472,945; other assets, $7,517; land, buildings, machinery and equip¬
ment (net), $376,692; deferred charges, $34,513; total, $4,006,265,
$38,015;
partners
provides
record
March
$34,703
Assets-*—Cash,
•
of
which
Payments during 1941
and Sept.
The
Net
V
$31,868
-
March
on
common
Marcn
,
63,670
66,793
be
including
the
with
complied
Code.
the
recapitalization.-
20.333
Square D Co.—50-Cent Common Dividend—
42,504
tax
■
of
outstanding
corporation
also
are
which
directors
company
$55,036
income.
831.
p.
the
has
to
their
$390,143
62,705
tax-,
inc.
155,
net.income,
corporation
of
it
Revenue
distribution
amount
one
can
Internal
David H. Howie, Richard C. Paine, Richard Saltonstall, R.
Sedgwick and Henry L. Shattuck.
Messrs. Cabot, Paine and
the "shares
par
'
on
Net inc. bef.
Prov,
$55,855
23,987
'•
operating
-V.
1940
revenues.
the
Time for
Net
Scotten, Dillon Co.—Earnings—
Years Ended Dec. 31—
operating
.
Operating taxes
739.
p.
!'.
$1,533,392
$2,078,449
$720,261
Net
the
that
and
the
annual
any
which
cumulative
on
expenses
the
limits
in
type
of
requires
,
holders
1942—2 Mos.—1941
1942—Month—1941
of
361
section
proportion
Co.,
The
$139,571
bOO
■
Sales
;
fr-
Strawbridge & Clothier, Phila.—Preferred Dividend—
1941
$154,432
.
Operating
Schiff
1942
revenues. ________
Lncoileci/ible operating revenues____
'
Period Ended Feb. 28—
-.-
739.
Co.—Earnings-
January-
Operating
of
also
corporation
Minturn
■
Month uf
the
ment
management
Section
90%
It
Saltonstall
cents
3986.
p.
Southwestern Associated Telephone
of
27, 50 cents each.-—V.
'
iif(h-M>
■
latter
invested
Directors
share
per
regmar
eaca,— vk
par
and Dec.
least
be
limits
Pennsylvania Pipe Lines—Extra Div.—
have
the
securities.
quarterly dividend of 50 cents per snare on the com¬
stock, par $10, both payable April 1 to nojders of record March 16.
mon
.
35 cents per share has been declared on the common
value, payable April 1 to holders of record March-16.
Payments during .1941 were as follows: April 1, 35 cents; July 1, Oct, 1,
no
with
ance
1941
1022.
p.
South West
Sangamo Electric C0.-—T0 Pay 35-Cent Dividend—
dividend
lM^'T-g,iViHT<i||taai rtmif
'""
company
of the
the provisions of
Jan. 1 to Feb. 28
1941
p.
A
1,1
•'
1127
may
have been included in the figures
for the four weeks ended Feb. 28, 1942.
Sales figures and number of
■stores operated during the comparable period
a year
ago have been
'adjusted to include, the Reeves operation,
•
<
Stores in operation this year totaled 2,862 against 3,020 a year ago,
V. 155, p. 739.
.
1942
Gross earnings
in the merger with
acquired on Oct. 6,
1941,
from the National Grocery Co.,
;stock,
"'
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4055
Period—
'
'
proposals for the sale to it of a sufficient amount of
preferred stock to exhaust the sum of $5,047.72. All stock accepted
the
by
sinking fund is to be presented for payment and cancellation
April 1, 1942. The dividend due on that date has been declared
paid by the Traylor company on stock accepted. Therefore,
offerings should be made at a figure which does not include accrued
as
the
of
and
will be
dividend—V.
Truscon
152,
p.
Steel
1606.
Co.—Earnings—
1941
Calendar Years—
Gross
net
•After
all
—V.
154,
p.
1940
$45,245,005 $29,285,821
1,767,730
1,330,389
shipments
'Earned
profit
deductions,
including
provision for Federal income taxes.
758.
Unexcelled Mfg. Co.—Extra Dividend—
The directors have declared an extra dividend of 12'/8 cents per share
and
a
regular dividend of like amount, both payable March 16 to stock¬
of record March 6.
On Dec. 15, last, the company made an
distribution of 25 cents per share.—V. 154, p. 1497.
holders
initial
Union Bag & Paper Corp.—25-Cent Dividend—
A
dividend
of
25
cents
per
share has been
declared
stock, payable March 20 to holders of record March
16.
the capital
During 1941
on
•
iho
and
14
15.—V.
Dec.
calendar
Net
on
company
•
made
Federal
for
Provision
amounted
' $1,187,224
•
749,000
■
$1.58
:
i.,:
share,,—
per
to
and
income
$1,091,000,
profits
excess
of
increase
an
$684,300
-
$1,090,223
695,000
• $1.57
Co—Special Offering—Mer¬
Lynch, Pierce, Fenner & Beane on March 6 made a
special*offering of 1,000 shares of $5 prefererd stock (no
par) on the New York Stock Exchange at 100xk with $2
stock,
par
ments
rill
in
system companies for the week
7, 1942, was 114,166,910 kwh„ as against 104,729,427
same
week last year, an increase of 9,437,483 ,kwn.; or
ended
March
kwh.
in
the
9.0%.—V.
155,
with
UGI
the
Guaranty Co.—Balance Sheet
'Dec. 31—
'
■
Cash
r
stocks.I
Loans secured by pledge of
in
building.*..i
office
{Company's
cents
per
A
176,228
class
62 %2
1,
stock,
A
no
each;
cents
Claims
——
and
expenses
par
value,
Oct.
declared
been
Unearned
premiums
—.—_
480,693
_
Income
Account
for
Calendar
2,000,000
10,000,000
7.294,391
$4,667,058
sales—
of
$4,335,671
3,567,614
3,281,663
—
profit
$1,099,443
"
811,009
95,840
See*
— _____
Sell., adm. & gen. exps.
charges (net)
Miscell.
—
Depreciation
-
taxes
for Fed. inc.
Prov,
2,000,000
10,000,000
5,287,758
:
Surplus
Undivided
—-
———
profits
—
profit
$12,156
89,830
See*
$21,172
of
Assets—
$159,678
charged
for
1941
compares
_i
—
11,798
10,900
468,711
1
$4,143,248
$4,023,055
and sundry accruals—$59,484
500,000
36,668
64,917
Liabilities—
Co.—1941 Report—
—
payable, bank
and
payable,.-,—
taxes
State
—
____
.
pref. stock redeemed
642,490
2,486,800
14,586
527,200
409,313
654,840
2,472,800
—
504,707
-
513,200
409,313
—
*
insurance in force for the year 1941 of $12,658,488, as
with $5,351,518 in 1940, was reported by Mansfield Free¬
man,
President,
at
the
annual stockholders meeting of company
which was held March 2 at the company's home office,
101 Fifth
21.5%'
The
York.
New
Ave.,
Total
life
from
than
last
that of
1941,
during
operations
insurance
double
reported,
he
surplus
company's
to
1940
3.61%
Retail
Combined
sales
He
the
that
said
steady
that
progress
has
been
policies
the
in
few years justified confidence
management.—V. 155, p. 512.
made
the
over
the
of
present
stock,
preferred
the
155,
The
directors
addition
to
the
the
common
20.
On
per.
directors
March
on
the 8%
on
22.
1940,
March
and
incl.
to
defer
declaration
first, preferred stock,
Dec.
1941,
19,
of
action at
To Build Plant to
this
the company paid
quar¬
it
on
The
time."
a
States
&
Steel
announced
basis.
155, p. 928.
9
that
the
various subsidiary companies
other than railroads and steamship companies,
properties with the Factory Insurance Associations,
a
group of the largest fire insurance companies.
In addition to fire
and
windstorm
coverages
on
plant
properties,
they have insured
of
this,
Irave
corporation,
insured
their
against sabotage and damage done by persons of malicious intent.- The
of insurance is approximately $1,000,000,000.
amount
February Shipments—
"Commercial
See
—V.
155, p.
and
$
cos—
Payrolls
—
to
of March 12,
page
64,862,711
18,020,559
248,850,272
8,893,330
for
Prov,
Prov.-
1057.
2,402,781
2,210,506
2,254,018
on
4,489,307
—
—„
4,957,755
security--
——
3,065,172
2,842,599
30 to holders of record March 18. Dur¬
ing the year 1941, the following distributions were made: March 29,
20 cents; June 30. 25 cents; Sept. 30,
45 cents; and Dec. 29, $1.10,
—V. 154, p. 1497.
common
stock, payable March
Universal Pictures Co., Inc.—$2
The
directors
have
declared
a
Preferred
Dividend—
dividend of $2 per share on the
8'>
payable April 1 to holders
of record March 25.
A similar distribution was made on this issue
on
Jan. 1, last, and on July 11 and Oct. 1,
1941. The previous pay¬
ment, also $2 per share, was made on Oct. 1, 1932.—V. 155, p. 404.
cumulative
first
preferred
stock,
par
$100.
.
-
6,504,269
16,376,677
12,445,755
6,020,178
—
196.204,270
106,717,154
76,862,821
of plant—
10,792,189
7,653,096
inventories_Cr43,532,279Crl0,858,973
5,710,439
7,386,359
6,611,162
15,435,527
and
other-
materials
of
services
Depreciation
in
372,209,958 303,761.572
—
-
—
10 declared a
directors on March
'
dividend of 50 cents per share
stock, payable March 31 to holders o£ record March 26'.
Payments of 75 cents each were made on March 31, June 30, Sept. 30
and Dec. 30, last year, as against $1.75 on Dec. 30, 1940, and 75 cents
In each of the three preceding quarters.—V. 155, p. 1024.
the
cojnmon
dividend
Steel Co.—25-Cent Dividend—
like
of
been declared on the common
to holders of record March 19. Distributions
31, June 30 and Sept. 30, 1941,
by a payment of 50 cents on Dec. 31, 1941.
made on March
amount were
which
—V.
25 cents per share has
of
payable March 31
stock,
followed
was
271.
155, p.
Western Union Telegraph
The
Co.—50-Cent Dividend—
declared a dividend of 50 cents per share
payable April 15 to holders of record March
have
directors
stock,
common
of $1
Payments
each
on
20.
made on June 30 and Dec. 15, last year.
were
Employes to Vote—
Board on March 2 ordered, six collective
days among employees of this company
Newark.
Office employees will decide
whether
they wish representation by the • American Federation of
Labor's Telegraph
Employes Federation of New York, the Congress
of
Industrial
Organizations^
Commercial Communications Associa¬
tion,
the
unaffiliated Communications Guild, or none of
them.—
The National Labor Relations
bargaining elections within 30
in New York, Jersey City and
155,
<
928.
p.
Co.—Common Dividend Redueed--
West Penn Power
after the monthly meet¬
that a dividend of 32'/a cents a share
declared payable March.25 to holders
March 10.
From June 25, 1940, to and including Dec. 24,
company paid quarterly dividends of 37 V2 cents a 'share on
President,, on March 4 stated
Mitchell,
L.
H.
ing of
the
of
record
stock had
common
the
of directors
board
the
on
issue '
tills
*
'
(
«'
''1.'1
"
'
that ..in. reducing, the
stated
Mitchell
been
'
.dividend for. the presept
into consideration tfie
uemands on this company because of war conditions; that although
the tentative figures for the year ending Dec. 31,
1941, showed an
increase in
operating revenues of approximately $2,000,000 over tjbe
previous-year, the increase in the cost of materials, wages, and par¬
ticularly the rise in the Federal taxes) on income, had more than
absorbed the gain in gross earnings.—V. 154, p. 1153.
67,578,519
inc.
Purchases
.
.
38,991,842
by
cents
5
directors
the
Willys-Overland
Motors,
had
taken
Inc.—Earnings1941
Quarter Ended Dec. 31—r
profit
Consolidated net
—
—
1940
*$257,631
t$47,991
'
Net
operat.
income
from
and
(net)—
Net
414,148
charges
306,804
33,900,533
1,113,503
17,765,601
1,289,515
7,117,501
1,383,468
16,476.086
12,600,000
$2.75
31 (Company Only)
*5.734 033
3,000 000
$0.95
carried
18,427,536
18,000,000
$3.07
surplus
paid
per
Dr436,433
in¬
charges
Earnings
336,246
18,890,294
462,758
before
earnings
to
com¬
consoli¬
not
terest
Interest
share
Sheet, Dec.
32,787.030
24,000,000
$5.46
*1941
Land
—
service equipment and machinery—
Small tools, furniture and fixtures
Buildings,
to
Merchandise
Cash
at
the
,
lower
securities
at
of cost
lower of
or
i
933.054
366,066
150.804
50.268,461
92.007.422
market
mkt.-
56.943.174
3.189.950
and
come
17,326,425
10,648,482
-
365,221,034 295,948,030
provision
$73,173
of
tLoss.
the final quarter of
for Federal in¬
•
1941, the first of the com¬
pany's 1942 fiscal year, Joseph W. Frazer, President, said, were in¬
fluenced considerably
by the work of converting various plants to
full production of ^war materials.
One hundred per cent conversion
to war production was completed Jan.
16, he said, and the pace of
production has been accelerating rapidly since.
The company's back¬
log of military contracts meanwhile, has mounted some 300%
since
the beginning'of the December quarter and further plant expansion
is
now
nearing completion for the dally - production of thousands
of additional srmaments and other equipment for the fighting forces,
Frazer
Mr.
said.—V.155,
Wisconsin
road
due
District
has
on
The
has
p.
609.
Central Ry.—Interest
Court
authorized
Jan.
maturing
1,
1934,
'
Payment—
having jurisdiction. of the receivership of this
the payment of the semi-annual interest coupon
on the first general mortgage gold 4%
bonds,
1949.
«
representing holders of the general mortgage
arrangements to have its depositary, Chase National
in
committee
made
bonds
Bank
the payment to holders of certificates
Payment will be made on March 27.
The Bank of Montreal is paying agent on interest to be disbursed
to bondholders who have not deposited their securities with the com¬
mittee.—V. 155, p. 832..
!.
'
City of New York make
of deposit of record March 21,
of
38.468 466
4.543.728
-
cost or
and deposits
Total
$
9.384.410
51,156.946
2,908.554
9.277
-
suppliers
Receivables
Marketable
9,471,537
121,523,179 115,708,101
14,823.711
14.319.5)2
1.255,505
receivables, less reserve:
Prepaid charges
Advances
charges including
excess
profits taxes.
all
"After
The
1940
45,762,300
Investments
Deferred
5,999,634
811,063
Operations during
(net)
Earnings
16,799,622
1,402,412
subsidiary
associated
dated
31,781,429
1,782,858
17,669,869
806,277
profit—
$
the
—————
——
10,697,993
1,203,877
2,031.676
3,012,523
3,248,778
6,177,577
——
Dividend Reduced—
The
quarter
'
profits
Universal-Cyclops Steel Corp.—25-Cent Dividend—
dividend of 25 cents per share
75,453,756
1,044,889
10,763,540
social
Change
3,571,147
development
Balance
a
-payable
demand
Mr.
—
and
5,453,542
of pension fund
presently
1941,
_
excess
Fed.
85,849,772
—
——
notes held by trustee as an investment of pension fund
required
to meet pension payment.
Under present
arrangements with the trustee, the company expects to retire $2,014,800
of these notes during 1942.
employment
for
Taxes,
179,985,648
;
"——
—
——
*4%
not
V.
of
—
stabilization
1024.
directors have declared
$
———
————
——
payable
Total
177,534,532 167.359,889
2,699,056
2,323,142
12,530,106
10,302,617
192,763,694
72,525,640
Assets—
The
1938
$
138,293,247
—
trustee
funds
pension
Dividends
Financial Chronicle"
Report1939
$
401,62#,946
—.
—
Sundry
Corp.—Properties of Subsidiaries
March
in
share
Calendar Years
1940
332,880,327 227,675.811
3,877,908
3,153,902
•
panies
on
for
1941
companies
assoc.
Total
taxes
contract
Being Insured—
was
Account
Income
—_
Tele,
Income
United
Co., Inc.—Annual
Electric
equalization
plant will be operated under the direction of'the company's
Naugatuck Chemical Division,—V.
per
quarterly dividend of 75 cents per share on
payable April 15 to holders of record March
the company made an extra distribution of
this issue.—V. 152, p. 1939.
Sales and other oper. rev.
Federal
Make T.N.T.—
awarded
cost-plus-a-fixed-fee
a
new
been
$2
both
Consolidated
Payments
by the War Department to
operate a new plant for the manufacture of trinitrotoluene, commonly
called TNT, according to F. B. Davis, Jr., President.
The plant, to be
located in Pennsylvania, will be known as Pennjsyalvnia Ordnance Works.
The Government will finance the project and the company will oper¬
has
Company
of
divi¬
From
stockholders, stated:
"Dividends on the preferred
stock are non-cumulative and can be
paid only from net earnings of the current year.
Although current
earnings are encouraging the uncertainties due to war conditions make
to defer
dividend
extra
an
—
taxes
accounts
Other
regular
stock,
share on
Others
any
$100.
par
terly dividends of $2 per share en this issue,
F.
B. Davis, Jr.,
in a letter to the preferred
advisable
1,150.304
14,011,008
the
April 15, last year,
Sub.
Co.—Pref. Div. Omitted—
decided
4
non-cumulative
to
declared
have
(net)
United States Rubber
The
dends
12,479,488
Income
Accrued
$7,186,000
Grocers, Ltd.—$2 Extra Dividend—
Western
value $10 was admitted to listed trading
Excnange at the opening of business on
699.
p.
10,464,688
———996,247
55,209,044
Pay rolls and suppliers' accounts payable-—- .. 15,535,719
Subsidiary & assoc. cos. not consol. accts. pay.
1,748,313
contingencies
payable to trustee
•Notes
Deferred
.
Bell
It
$9,370,000
par
Curb
York
New
7.—V.
March
ate
$3,499,000
,
2,400,000
340,000
368,852
155, p. 643.
Western
$1
United States Lines Co.—Listing—
The
it
$4,412,000
__
company's
.
on
$1,923,000
1,576,000
sales
r
■
2,112,265
300,000
305,614
A
2,200,000
$2,212,000
sales
Wholesale
—V.
past
■
compensation
self-insured risks
Other
Sales—
1942—2 ^os.—1941
$4,921,000
$3,824,000
4,449,000
3,362,000
1942—Month—1941
Period End. Feb. 28—
of operation,
year
141,000,000
1,500,000
—„„——-24,760,575' 24,333,039
Western Pipe &
Supply Co.—February
Auto
18,336,284
372,209,958 303,761,572
—^-—————-.-———
1104.
p.
Western
was
accident and health department, now in its second
has shown satisfactory growth, Mr. Freeman said.
pointed out to stockholders that the company is the tenth oldest
the United States and will celebrate its 92nd anniversary on March
The
154,
$4,023,055
$4,143,248
tRepre{Par value $100 per share.—
409,313 shares of no par value.
cost of market
—————
— -
General
was
1941.
in
—
Workmen's
year,
increased by 15%
from $215,961 in
1940
to
$248,075,. after setting
up
a
special voluntary reserve of
$50,000.
Net admitted assets were increased by $1,061,998 bringing
total assets to $10,663,269.
Mr. Freeman further reported that the
company's mortality experience continued to show a favorable ratio.
Average interest earned on mean invested assets increased from 3.57%
The
V.
—
-
—
depreciation of $214,696 in 1941 and $252,876 in 1940.
•After
sented by
97,662,451
59,378.563
3,689.950
—
81,444,593
4,489,307
3,298.907
on
to
which
New paid-for business amounted to $20,546,469. includ¬
ing re.uiva.la. and.inop<M3i»tn»; -wiiich, according to Mr. Freeman, repre¬
sented an
increase of 63.4%
over
the corresponding figure in 1940.
more
appropriation for
Surplus
—
Deficit
$71,422,411.
Gain
.——
—
of
said, represented an increase
brought the company's total
he
gain,
force,
in
insurance
in
stock
tCommon
Capital surplus —:
2,392,384
88,088,878
15,252,847
5,509,413
761,228
subsidiary company
:
in
market--'
Reserves:
Drafts
:
Accounts payable
Surplus'
$40,626
600,000
—
—
——
(6,000,000- no par'Shares); * - ,..
" - ■ >
..
paid in by stockholders-—-——-.—--.141,000,000
surplus earnings—,— --——-—I—
1,500,000
From
1940
9,230
12,200
—
L
Minority interest
{Preferred stock
in
suppliers
to
Depreciation of plant——
—
Equalization of development——
Employment stabilization -
384,705
1
^
i-
___
Federal
gain
1,769,853
150,804
54,130,172
38.435,899
4,543,728
1.1,363,853
—
Liabilities—
663,064
2,620,938
2,669,991
1.
Total
Notes
United States Life Insurance
15,140,731
2,929,835
9,277
*.
—
—
'Capital
$247,643
——
—
investments
Goodwill, etc,
compared
30,790,775
Total
31
799,934
_
1,
Prepaid expenses
1306.
$18,739
1941
c
Inventories
Other
with
$267,186
—
——
Accounts receivable
voted to omit the dividend ordinarily payable at
this time on the common stock.
During 1941, the following distribu¬
tions were made: March 7, June 5, Sept. 4 and Dec. 5, 25 cents each.
155, p.
21,684,625
goodwill, Teletype Corp.-—„
15,140.731
receivables, less reserve—1,794,332
Marketable securities at lower of
tLoss.
'
.
'Cash
Dividend Action—
States Freight Co.—No
t$151.786
63,129
50,601
,9,970,653
125,257,335 119,569,016
16,321,713
15,503,701
and
Deferred
$816,891
854,947
$
1940
10,004,862
—
——————
Buildings, service equipment and machinery—%
Small tools, furniture and fixtures—
Receivable
33,868
$192,595
— _
•Depreciation
The directors have
in
Not
$813,358
708,400
92,801
See*
$1,054,008
770,632
—
*Land, buildings, etc.
United
Land
Merchandise at lower of cost or
2,934,454) Reported
charged for 1940 and $38,087 charged for 1939.
$68,786,886 $61,747,619
——r
amortized basis as prescribed by National Associa¬
tion of Insurance Commissioners and all other securities at conversion
valuation.
"Bonds valued on
amortized basis as prescribed by the
New York Insurance Department, and all other securities at market
valuations.
fLess depreciation reserve.—V. 155, p. 608.
4.
1938
*.
v,
$
1941
Cash
Net
{Bonds valued on
He
Years
Dec, 31 j,
.
Prepaid charges
$3,747,812)
Consolidated Balance Sheet, Dec.
Total
Consolidated Balance. Sheet,
Assets—
.
1939
1940
250,000
Capital
;
Cash and deposits
,
which was merged with Western Electric Co.,
Inc.,
1, 1941.
Nov.
Investments
Gross
Voluntary contingent reserve
in
on the $2,50
accumulations,
(& Subs.)—Earnings-
Eisenlohr, Inc.
sales
Cost
1,203,906
15,611,804
payments,-,,*;^—500,000
800,000
dividend
for
Reserve
_
depreciation of securities
Reserve for
A
of
account
on
on
Inc.,
Advances
3,654,143
1.373,827
17,555,190
—. _
Products,
Research
$1; and Dec. 20, 75 cents.—V. 154,
1,
1941
23,597,716
4,482,726
—
Commissions
—V.
■ ■
....
Patents
$142,292
24,039,091
1942—2 Mos.—1941
...
reserves—
Taxes
%t4% demand notes held by trustee as. an investment of pension fund
presently required to meet pension payments.
Under present
arrangements with trustee, the company expects to retire $2,014,800
of these notes during 1942.
•Includes the assets and liabilities of the former subsidiary. Electrical
251.
Webster
Net
$260,968
treaties—
reinsurance
under
held
.
365,221,034 295,948.030
-
,
$6,325,603 $14,742,659 $12,805,240
■ ,
62'1/2-cents 'per "share" has
of
dividend
July
p.
LiabilitiesFunds
Legal
13,413.452
10,147,763
1,501.011
4,856,463
-3,012,528
not
1942—Month—1941
$68,736,886 $61,747,619
——
—
237,343
6,177,577
—
Total
1, 1941.—V. 154, pi 1602.
$7,240,705
consolidated
'Total
1,150,304
—
'Drafts payable'.
payable April 1 to holders of record March 20. Distributions were made
on
this issue
during 1941 as follows: Feb, 1, April 1, May 15 and
.
95,293
169,742
84,834
due. and accrued--.--—.——
Interest
has been declared on the common.
share
—V. 155, p. 643. '
cumulative
306,280
3,221,909
3,491,909
—.
tOther real estate
250,000
11,509,521
——,———
——•
52,164,321
suppliers accounts payable
—_
14,963,235
accounts payable-.:2,034,665
Qther accounts payable—'-J;———! 13,183,793...
taxes
;
6,147,171
,.429,100
secured claims,:
income.
Accrued
Walker & Co.—62 ^-Cent Accumulated Dividend—
£42,137,686 *39,985,621
collateral—1,226,934
1,672,776
of
course
due and
;
1940
$9,719,727
collection,7,034,459
:—
147,820
Deposited with Workmen's Compensation Bureau
333,622
Premiums
Reinsurance
x—;
—
Subsidiary and assoc. cos.
payable April 1 to holders of record March 21,, This compares
cents per share paid on Dec. 31, last, and 30 cents per share
Sales
V
■
1941
$14,153,394
Assets—
and
Deferred
Compare V.. 154, p. 1385.
—
1———.
— —
risks—
payable to trustee of pension fund
tNotes
cents each;
30
2,112,265
250,000
299,355
10,464,688
—
compensation
40
Period End. Feb. 28—
Bonds
30,
Pay¬
24,'333,039
•
i.
78,355,1104,408,842
3,273,643
996,247
contingencies
self-insured
Other
Walgreen Co.—February Sales Up—
United States Fidelity &
.
and June
31
March
27, 45 Cents.
April 1, July 1 and Oct.
on
1023.
p.
follows:
as
dividend- of 20
stock,
for
were
1,500,000
■
Pay rolls and
A
output
1941
been declared on the capital
has
31 to holders of record March 21.
payable March
$5,
share
per
Wagner Baking Corp.—Smaller Distribution—
Weekly Output—
electric
cents
30
Sept. 30, 35 cents, and Defc.
commission.
The
of
1,500,000
24,760,5,75'
*"*-
Workmen's
dividend
1—1
—1——__—'
-
General
30-Cent Dividend—
A
United Gas Improvement
141,000,000 141.000,000
'••••••'.""•'r>-» v ••
/
Depreciation of plant
—.' 84,882,710
Equalization Of development-—• 15,002,984
Employment stabilization
____
5,428,619
provision
the
»
"
,
,
,
earnings————
Surplus
1941
for
taxes
over
surplus
From
•Reserves—
'
1940.
for
1
Cash
■
:
(6,000,000 no par shares)—
paid in by stockholders—
Capital
1940
1941
*
earnings
Earnings
March 10 filed a registration' statement (.2-4959,
Form
A-2)
covering $10,000,000 first mortgage and collateral trust
3%%
bonds
due
1971.
(For
details, see "Chronicle" March 12,
p. 1037.)—V. 155, p. 927.
The
'
Shares outstanding
for $10,000,000 Bonds
Union Electric Co. of Mo.—Files
<
Years'—
'
Liabilities—
Co.—Earnings-
Victor Chemical
10,
distributions of like amount on April 8, July
155, p. 1023.
made
company
Oct.
Monday, March 16, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
1128
the
(F. W.) Woolvvorth
Period Ended Feb. 28—
Sales
V.
155, p. 1007.
—-
Co.—February Sales Higher—
]
1942—Montii-^1941
1942—2 Mos.—1941
$27,466,197 $23,667,450 $55,811,127 $45,674,657
@FedFRASER