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BUS. ADM.
4
LIBRARY.
MONDAY
Volume 163
Number 4473
New
1-8194
York, N. Y., Monday, March 18, 1946
Price 60 Cents
Copy
a
General Corporation and Investment News
RAILROAD
Adam Hat Stores,
Period End. Feb. 28—
Sales
—i
^
—-V. 163. p. 645.
PUBLIC UTILITY
-
Inc.—February Sales Up 57.5%—;
Jacobs
g;::
:(Including Earnings
,
Period End. Jan. 31—
Net oper. profits.--
of
the
above-named
corporation,
contracts
Canadian
$1,318,494
:
;
443,287
393,646
527,121
178,907
199,724
on
plants..
non-oper.
Net
Fed.
'
153,375
and
8,566
157,936
7,286
^
$847,945
$1,576,471
(est.)—;; ■360,416 \f;: 1,115,733
taxes
profit
from
$487,529
'
oper.
Unrealized
foreign exchange profit at New
"
■
York
rates
Net
net
on
$2,670,416
$1,234,730
'
capital
-
2,241
for
a
Net
Milton
and
S.
the
$1.64
is
on
356,841
after
162, p. 2385.
July
far
so
as
Co.,
$500,000
'
{
New
(&
New
provision
for
postwar
Transfer
GIVING
;
,'!.V
Cincinnati
-
stock
TO
$7,351,510
St. Louis
the
common
the
•
250,000 shs. ?
Inc.
the
grocer.
But
at
in
and
assumed
368
the
of
Airline
Greenwich
indebtednes
>,
of
Jerome
—1458
—
Stock
R.
1458
net
the
of
all
on
the
several
the
of
the
to
not
finance
resulting from the increased
the corporation's subsidiaries
of
acquisition of the securities
of
the
Curb
Exchange
1459
1459
——
1460
—
in
A.
securities have
—__i—..1465
Exchange—-
Stock
&
Co.
&
H.
Bruns
O.
Peet
Bioren
—-1466
&
&
McDonald
V
:i
♦None
of
inc.
other
:
1469
(including tax liabilities) of Jerome
Jennings in connection with their operation
The
active
corporation
food
are
to
exceed
$333,364.
,
before
deduc.
and
int.
such
.
i and
':VV;V
2,700
375
3,000
3,000
2,700
375
2,700
375
375
'
3,000
2,7oo
375
3,000
2,700
375
3,000
2,700
375
3,000
1,500
2,700
1,650
1,650
375
1,500
375
375
>
2,500
2,250
2,500
2,250
1.500
800
313
20,000
2,000
2,000
1,800
250
1,500
250
2,700
1,000
900
10,000
313
313
'
125
presently being offered for distribution.
-
Years ended Deo. 31
1943
1942
$8,478,675
'
•
'514,618
496,963
351,155
195,271
328,346
279,573
159,075
;
tax
250,274
income
$
&
EARNINGS
158,956
OF
173,728
$
154,618
122,727
$
ATLANTIC MACARONI
10 Mos. End.
inc..
bef.
1943
$1,784,348
$2,128,350
&c.
156,914
—
income
of
1942
V'v
$1,726,295
v' 'vv
,
111,476
1
>
" •;
$'
59,765
154,955
148,646
105,790
■;:r/
85,874
,82,434
'''
89,500
All
84,264
INC,
Years ended Dec. 31
1944
Inc. bef. Fed. tax.
^ 149,265
Fed. normal tax, surtax
:
■
U and exc.. profits tak'^Tz-V^^
the
74,811
$
CO.,
$1,725,977
—
'
156,846
Oct. 31, 1945
sales
Net
$6,431,037
'
7
fed.
g
■
750
3,000
surtax
profits
exc.
SALES
and ft
H
313
,:
'
fed.
(net)
Net
i
follows:
2,700
3,000
409,230 vt
before
busi-
manufacturing and distributing subsidiaries of
3,000
3,000
25,000
S■' v'V
v"
income
Fed. normal tax,
Net
Jennings
of
625
5,400
25,000
10 Mos. End.
,
.
750
4,500
7,000
3,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
2,000
5,000
25,000
,
taxes
,
.1470
liabilities
S.
,
3,500
30,000
.
is
taxes
Net
>
938
20,000
^
•>i
y-
rants
16,310
&
warrants
♦War¬
6,750
vvv'.v'-": Oct. 31,1945 : < 1944
$7,993,984
$9,948,838
sales
taxes,
estimated not
*
;
Co—.
Co..—;
the
v
Com.,
31i250
;
Co—
Net
the
follows:
as
SALES AND EARNINGS (AIRLINE FOODS
CORP. AND SUBSIDIARIES)
Gross
;
of
debentures,
are
Shares
v
Co.™.,
Co—....
&
the
7,500
,
;
Co.
&
to
commit¬
(Herrick,
32,500
W
,
,
&
Hall, Tattersall
;
Gross v.
ness,
parties
several
75,000
60,000
50,000
25,000
60,000
30,000
Inc.™
CO—
,
Milton
become
their
$305,000
„
Exchange—Curb Section —1463
Federal Reserve Sytem
Capital Flotations for February 1946
and
managing underwriter
specified blocks of the
Debentures Shares
Co—
&
Kidder
G.
^ Federal Reserve Banks
.——^1469^;
f Condition Statement of Member Banks of
•
the
Blosser—
Baker
M.
H.
1461
Markets
of
Link, Gorman & Co., Inc._.
Dempsey-Tegeler & Co.Reinholdt & Gardner...,
_1464
Stock
underwriters
Co., Inc.), to purchase
shares, common shares and warrants
State Investment Co
Brailsford
&
Co
1461
——
as
that
Johnson & Co
Grimm
—1461
_1461
—
H.
Courts
1460
—
——
with
Stirling, Morris & Bousman.
Brush, Slocumb & Co.——,
Clayton Securities Corp.___.
E.
W. Clucas & Co;——
Cohu
&
Torrey
—,.—1458
Exchange
agreement
44,163
$
61,627
77,906
$
70,740
32,680
$
49,754
the corporation of
the
Co.
corporation
(1)
cipal
companies.
all
of
the issued
Street,
of
Inc.
Jerome
(N.
Y.),
Jennings
the
&
to
Davis
Wallace,
Ams,
as
Burton
&
Davis
Co.,
Max
..
,
to subsidiaries of
amounts
Trust
as
Co.,
the
corporation from banking
follows: Herman Kussy
Co.,
Institutions, in prin¬
$71,266 to West Side
Newark, N. J., and $54,070 to Title Guarantee and
Trust
Co., New York; Wallace, Burton & Davis
Co., Inc., $8,337 to Prospect
National Bank,
Paterson, N. J., $55,253 to Florida
Park
Bank
&
Corp.,
Trust
New
National
Co.,
York;
Miami,
Fla.
and
Ouerbacker Coffee
$230,600 to Commercial Credit
Co., $12,000 to Liberty National
■
SHEET
OCTOBER 31, 1945
ASSETS—Cash in banks and on hand,
$693,993;
trade accounts and
notes
receivable
(net) $749,408;; excess profits tax postwar refund
bonds, $12,421; other accounts and notes receivable, $4,947; invento¬
ries, $1,673,909; land, bldgs., machinery and equipment (after reserves
for depreciation and amortization,
$810,537, and revaluation, $85,000),
$1,213,865;; other assets, $84,883; prepaid expenses and deferred
ELECTRONICS
Municipal Bonds
RAILS
DIVERSIFIED
municipaT department
INDUSTRIALS
INVESTMENT FUND
qAllen
&
Compan y
Established 1922
80 broad street
Telephone:
and
and
assets
or
SPECIALISTIN
•
than
increased
capital stocks of the above named subsidiary companies,
.• -v->
Inc., New York, and Miami, Fla;;Vj together with 368 Greenwich Street, Inc, and The Herrman Co., are
owned either directly or indirectly
Inc., New York; Lippincott Fine
by the corporation.
Foods, Inc.,;. New York; >
Richard Frank &
Upon completion of this financing, the corporation intends to exer¬
Co., Inc., New York; Airline Foods Inc.
(Ky.),
cise an option acquired by it pursuant to which it will
Louisville, Ky.; Ouerbacker Coffee Co.,
purchase not
Louisville, Ky.; Herman Kussy >
less- than 82%
Co., Newark, N, J., and Hahn & Wessel
of the capital stock of Atlantic Macaroni
Co., Inc.,
Inc., New York.
;
V
Long Island City, N. Y.
PURPOSE—The
net
y ■
proceeds will be
Vv;
$2,178,960,' and are to be '
used as
follows:
(1)
$794,668 will be used to pay current loans
v"."
PRO FORMA CONSOLIDATED BALANCE
Wallace, Burton &
and to Max Ams, Inc. of
$36,388, and the
Jennings to Wallace, Burton & Davis
Co.,
$2,168 and to Max Ams, Inc. of
$64,279, and (2) issued to
Jennings, Milton S. Jennings, Ruth B.
Jennings and Lena
.j ;
and
proceeds;
less
the
FLORIDA & NEW JERSEY
1:
before
or
issued
net
aggregating
capital
receivable
for
remainder
proceeds
working
&
&
Amott,
manufac¬
capital stock of Wallace, Burton
Foods Inc.
(Ky.), Ouerbacker
uDavis Co., Inc. of $30,059
indebtedness of Milton S.
Inc.
purchase
Coffee
In consideration of the transfer tq
Y.),
to
82.7%
engaged
of
together
Straus
The Course of Bank Clearings
———1467
Foreign Exchange Rates
1474
.
the«
and processing companies sell
principally to wholesale grocers,
chains, restaurant chains/bakeries and other
large purchasers, &
including the Corporation's own subsidiaries which
sell to large institutionarconsumers.
1
:]i
The corporation was organized in
Delaware October 29,
1945, for
the purpose of bringing under a
single corporate
ownership several
companies, by acquiring all the outstanding
capital stock of four
principal subsidiaries from the promoters of the
corporation, Jerome
Jennings, Milton S. Jennings, Lena Jacobs and Ruth B
Jennings who
were the sole owners, directly or
indirectly, of the various
Inc.
to
of
available
of
part
such
Herrick, Waddell & Co. Inc
Maxwell, Marshall & Co.™
1453
sell primarily £
the
turing
outstanding shares
1449
-
General Corporation and Investment News_1413
State and City Bond Offerings and Sales
—I486: {
Redemption Calls & Sinking Fund Notices-1474 {
Dividends Declared and Payable
1474 4..
..
group
to
(Bonds)—.
-
Miscellaneous Features
store
and
of
accounts
i
;
corporation
applied to working capital;
least
Underwriter
Net
100,000 shs.
;
were
used
be
at
Fref. :
'
foods
Co.,
become
added
and
be
Waddell
-
25,000
stock of
"Y/'ycy.,";
than
be
operations
also
preferred
Jersey;
iv
25,000
rather
will
inventories
Transactions New York Stock Exchange —1448
:y;
Transactions New York Curb Exchange —1448
Stock and Bond Averages
l
,—1448
;
Manhat¬
of
$1,000,000
'•
150,000 shs.
(par $1).———500,000 shs.
consumer
will
sum
remainder
1437
Exchange s,
Over-the-counter
owns control of a
group of companies,
engaged either (1) in the manufacture or
processing of £
or
(2) in the distribution of a
widely diversified line of
food products, many being under their
own brand
names, to hotels, 7
hospitals, city and state institutions and other
large consumers of >••'
food products.
The wholesaling companies in the
(Ky.)
the
ments,
Toronto
are
(N.
said
(4)
$449,057
all
of
will
share
per
in allied businesses to
extent, if any, that the
operations of the corporation or its
subsidiaries shall
later be deemed prudent and
advisable.
Exchange
Montreal
CORPORATION—Corporation
'
(Ky.)
Toronto
•,
_
large
Inc.
wise
of
.,
mortgage debt of Atlantic Macaroni Co.
amount of $120,000 is not included in the
above table.
the
Foods
shares
FINANCING
NOTE—The
to
Stock
Curb Exchange
Stock Exchange
Stock Exchange
Stock Exchange
Outstanding
$1,000,000
$6.60 and $7.20 per'share.
various
authorized
■
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
264,282
Bank
PRESENT
i—
purchase 25,000 shares of
which
•
Montreal
(par $10)
♦Warrants
♦To
its
Exchange (Stocks)
Stock
Cleveland
1945
Registrar, Bank of
convertible preferred
—
stock
>n•
Detroit Stock Exchange
Los Angeles Stock
Exchange
contingencies.—
Agent> First National
EFFECT
York
Baltimore
>
sinking fund debentures, due Feb.
5cumulative
Common
Airline
of
Boston Stock Exchange
Chicago Stock Exchange
$0.74
Authorized
1961
by
f
New York
Subs.)—Earns.
—'
V,y;
York.
CAPITALIZATION
1,
assumption
New York Stock
can
City.; •
5%
consolidated
Stock and Bond Quotations
31,
we
shares—
common
Trustee, Manufacturers Trust Co,
tan
all
$773,850
$105
outstanding shares of the capital stock (par $100) of Atlantic
Maca¬
roni Co.; Inc., in the event that
Wallace, Burton & Davis Co., Inc.,
shall exercise its
option, dated Nov. 15, 1945, to purchase such
stock?;
(3) $161,385 will be used to
purchase the remaining 17.3% of the
issued and
outstanding shares of capital stock of Atlantic Macaroni
Co., Inc. if said snares are deposited on or before
April 1, 1946, other-'
gg.• ■.ggg) ggg-gggygg.g"•"gjgg;g:■■■■ Page
Airline Foods Corp.—Securities
Offered—A syndicate
headed by Herrick, Waddell&
Co., Inc., on March 12 of¬
fered $1,000,000 5%
sinking fund debentures due Feb. 1,
1961, at 98 and interest, 100,000 shares of 5%% cumu¬
lative convertible preferred stock (par
$10) at par, and
90,000 shares of common stock (par $1) at $6 per share,
•
of
at
UNDERWRITERS—Dealers
$1.50
.
♦Income
Jennings
than
'
1945, are now in the;
determine, are not
substantial refund, if any.—V.
163, p. 893.
which,
income after charges and taxes
Earned per share
V.
the
of
less
1946
1,
companies
sales
♦Net
2V2%
not
expansion
$1,138,607
EARNINGS FOR 11 MONTHS ENDED NOV.
30,
,
(2)
April
expanded
3,444
$1,240,671
$0.60
ended
year
5,941
$458,164
$0.64
the
renegotiation
Dr2,574
,
Air-Way Electric Appliance Corp.
;
equal, to
Louisville, Ky.; Max Ams, Inc., $344,433 to
Corp., New York, and Richard Frank & Co., Inc.,
Phoenix Corp., New York; together with
accrued
interest, all of the proceeds of which
the
(doing business in Louisville), from Jerome
Jennings
Jennings in consideration of the issuance to Jerome
S.
and
stock
-
185,
-
four '
employment
$1,135,163
Air Reduction Co., Inc.—New
Overseas Contract—
See Allegheny'Ludlum Steel
Corp. below.—V. 163, p.
;
the
addition,
Co.,
General
underwriting
>
share---
likely tp be subject to
>
In
year
$3,646,970
2,511,807
1,435,686
$460,738
$489,770
per
of
sale.
„
assets, etc—
NOTE—Profits
process
for
Trust
to
r
,
profit
Earnings
offered
and
Commercial Credit
16,231
w
current
Bank
$18,708
as
amount
an
iV':
Net
being
1946, entered into three
Jennings,
plus
year
Milton
Jennings
■
1,052
by
is
15,
MISCELLANEOUS
■
will
profit
Inc.
109,938
Jan.
with Jerome
Preserving Co.,
\
expense—45,190
loss before deprec.
1
of
earnings of the corporation after interest
charges and before
Federal and State taxes.
On Jan. 2,
1946, prior to the above Transfer,
Airline Foods Inc. (Ky.)
acquired the assets and business of Goodwin
$4,791,545
504,094
and
of
net
$3,728,817
i
Int., debenture discount
individuals
as
$25,000 per
1946—12 Mos.—1945
$2,107,732
'
engineering
Depreciation
shares
President, and Milton S. Jennings,
Vice-rresident, respectively, whereby each is to receive a
salary of
as
245,400213,033
Patents, developm't and
Net
Subsidiary)
1946—6 Mos.—1945
160,000
■
Addressograph-Multigraph Corp.
{
of
INSURANCE
-
common
stock, constituting the
entire outstanding capital stock of the
corporation .(before present
offering).;
/'■
/
>;>■"v'■■
v None of the
160,000 shares of Common Stock received
1946—Month—1945
1946—2 Mos.—1945
$1,260,857v $800,548 % $2,789,531$1,605,875
; ^
V'.
total
a
INDUSTRIAL
-
HAnover 2-2600
Kobbe, Gearhart & Company
Members
Teletype: ny 1-57s
YORK
STOCKS, INC.
PROSPECTUS ON REQUEST
INCORPORATED
New
York
45 NASSAU
new york 4, n. y.
Bell
NEW
Telephone
REctor 2-8600
Security Dealers Association
STREET, NEW YORK 6
Philadelphia Telephone
Enterprise 6015
Bell Teletype
New York 1-578
HUGH
W.
LONG
and
INCORPORATED
COMPANY:
W
?
48 WALL STREET
634 SO. SPRING ST.
NEW YORK 5
LOS ANGELES 14
$655,404; accrued liabilities,
accounts payable,
provision for Federal taxes on income, $574,840; due to
officers, stockholders and directors, $26,807; mortgage instalments due
within one year,
$29,605; sinking fund provision, 5% sinking fund
debentures—due Sept. 1, 1946, $10,000; mortgages payable, ^5,129;
Airline Foods Corp. 5%. sinking fund debentures, due 1961, $990,000,
profit on sale of
stock, $1,000,000;
$370,250;' surplus
common
at date
of acquisition,
1946
from
Net
ry.
—V.
/•:
$321,550
$437,268
railway-—*~
83,952
37,908
oper.
163,
.
124,552
60,748
SEC-
Co.—Issue Approved by
to
The
share
of
share
preferred
new
been
*
■
V.
fore
days
income
Prov.
V
Net profit
preferred stock
.
class A stock (15c per
class B stock (15c per sh.)
Divs. on
<■38,941 H
on
■
,
$58,406
49,875
$44,901
29,926
dies ot
seek
it
the
be
will
and
•
for
Government
foreign
and
business,
showed
the
the
voting
19,
P.
1
*
.,
1946. be¬
after two;„r
162.
have
not
been
^
v,
f
-
enjoined
'U*
T
of
cents
25
11.
The
split-up
payable
$25,
par
1945,
in
company
November,
in
share
per-
,
50
v;
on
1
April
and
paid
Hi
prior
cents
American-Marietta Co.—New Controller—
_A
^ has bMn
appolmed Conlroll6r. " For
Ci?r<
„r
..
„
R
•
Corp.,. W.
163
'
'
with
Shoe
Stores,
,
ta5t
„„
v".
held import-'
*
Butler
and
'
,
/•
.
<
..
.
V**a
±
"
.
,
tSe
also
*
.
.
has
.
v
'
Walk-Over
894
o
and
,
American Metal Products Co.—Registers With SEC-
Bond
Bankers
Huttop .St
posifciens
sn^: accounting
Bros—V
Stewart-Warner Corp
with
was
x
Boyce.
&
Bros.
E.
he
yca<s
T
Stein
dividend
a
to holders of record
to
the
four-for-one
each on April 2, July
2
and Oct, 1 on the old $100 par common stock, and on Dec. 31;
disbursed A yeaf-end* payment of 62 Va cents per share on the
"$25 par shares.—V. 162, p, 2634.
.
»
Co,i .and
y
;1634.
p.
Securities
Equitable
•;
3,930:.;f
3,990
3,990
declared
have
stock,
common
March
(;cowmi$siim$v.WiU:::be.>tl-o29;Bros.,
.
$3,719
directors
stock
;oPiths--blvdertain--'ftellmg'-8t^cRhoWers.:^^rtiei---.$liilres .will be
offered to the public, at $13.73 each, and underwriters dioc-mnts and
$67,123
"r."•.■ ■ "V-::
.'%!■'/
American Manufacturing: Co.—25-Cent Distribution,—
the
>
from
company
ering
maturity was extended from July 1, 1956, to July 1,
sinking itmd payments suspended until 1951.—V. 163,
with
773.
The
it is anticipate;,
at which time
1946,
resumed,
trustees
v
the
that
,
•
for
•
,
BALANCE
;
ASSETS—Cash
SHEET,'
,,
,
.
,
fr.-
Appointment
"
o.
securities,
at
cost, $30,000;
accounts receivable v (after reserve of?',
$13,124), $599,025; prepaid expenses, $2,225; miscellaneous securities.;' .Danum,
Ci
cost (after x
$1; total,
as
Kibbee
H.
appointed
recently
was
March
13
approved
twc-:for-one split-up,
a
one
■
k
share owned.—Y. 163, v-
1149-
to
American Radiator & Standard Sanitary Corporation
Subs).^—Earnings—
(&
163,
Treasurer.—V.
Assistant
1277,
p'
assistant
administrative
Co.-r-Split-TjJpt Approved-
The stockholders cn Mar
HHHional shaye to be distributed for each
"" been *ra,ouaced b? Rbft,h
v
reserve), $1,007; land, buildings and eqiupment, at
for depreciation, of $110,542),; $248,088; goodwill,
S3'8b
$3'°4
-•
'
""
'
American News
American News
;
.
Ihtm^htrbT^Matthias E.^ Lukens
hand, $368,736; U. S. Government
banks and on
in
DEC, 31, 1945
New
.
heads the underwriting group.
Watling, Lercheh <5? Co., De
Co., Detroit,
Watling, Lefchen
____
<after
V
'
of
♦Because
provision
.
distribution
196*
the.Court above resame
relief as the
has filed a registration;statement with the SEC cov161,086 shares of common stock (par $1 ).t
The shares; are( part
The
31,664
-
the
s;
consummation of the contract with
the trustees'
proposal in that regard
certificate holders and holders of the
,'
American Airlines, Inc.-^-Earnings
excess profits credit carry-overs from prior years, n0/f
Period End. Nov. 3C—
'
1943—MonthFederal excess profits tax is required. If this credit %
5
$4,062,065 S3,753,955 $43,667,442 $35,649,116
had not been available,
the provision lot Federal taxes would have > Operating revenues
Net inc. after chgs. and
been approximately $16,000 more and the net income would have been
3
326 873 '1 4 573 008
4.988.436
Federal income taxes^ ;;, : 182,775
326,875
4,573,003
4,988,436
approximately $16,000 less than the amount shown above..
y
v '
'»
Earn, per sh. on
1,290,568" cap. S'hS.I_i.
tlncludes excess profits tax of $78,750.
■
'^
Divs. on
:
$2.70.
exports and sales by foreign branches and
greater increase - than
did
domestic, business.
16 % of the total volume.
A breakdown of total'
1944;
a
including
sales,
totaled
if
following distribution between .divisions of the corporation: Ethical'
American Air. FHter Co., Inc.-Registers Witn SEC-
.
"
Dividends
in
case
shewed
accounted
and
19<$
following
i.944
Dividends in
1945.
the
was
II
been
consumer
ot
Trial of this suit, commenced on Feb. 13,
District Court in Los Angeles, Calif., but
,
Ai,
<•;
-
tl03,000
taxes.-—
income
holdeis
in
this
in
postponed to March
trial
trial.—V.
1943
•
$548,023- • $450,262
448,759
345,097.
Cr-8,947 .Drl.920 7'% 9r6,378
$728,029
589,075
(
for Federal
As
•
subsidiaries
consummat¬
ing the sale, since no temporary injunction or restraining -older has
been sought by the plaintiffs,.' nevertheless on the aavicc 01 Counsel ;;
the matter is
ice
being held: in abeyance pending the outcomS of this'
,
Expenses
Misc.
'
was
the
4966-WM
enjoined until
to the
S.
U.
While
Report— 'M
1944
the
ed
;'
1149.
p.
Annual
1945
1
from operations__„i-
Gross income
163,
Law, Inc.
Albert Frank-Guenther
'
Calendar Years—
-share in
per
that'the
ask
resubmitted
bonds.
income
of $6 and $5 preferred. ;
for each share
dividend adjustments
plus cash
stocks,
"
by ' two
interveners
also
be
Hilton
has
and 25,845 shares of $5 preferred stocks, all without par value.
preferred shares will be exchanged on the following basis: One
new preferred and $10 cash for each share of $7. preferred and,
ferred
nno
Mr.
preferred, 170,456 shares of $6 pre¬
shares of $7
159.575
outstanding
Division,
action No.
is
The
and
plaintiffs
of
Corp.,
and
to.
lerred
the company, a subsidiary of Commonwealth
issue not more than 300,009 shares of 4.20'% pre¬
ferred stock (par $1001 has been approved by SEC.
The new preferred will be offered to the holders of the company s
proposal
acquisition
has
increase
■
veners"
The
the
opment of new
for
L-ni,
&
Southern
through
of new business,
a
large percentage
due to development of new products, devel¬
markets, extensive sale3 promotion and more
efficient methods of Operation, Mr., Brush explained.
*';•
Earnings and dividends also'showed gains with a net income of
$5,824,836 equal-to $3.30 per share on 1.098,221 shares, the average
number of
shares Issued
and outstanding
during
1945,
as
against
$5,132,410 or $5.26 per share on 975,297 shares for 1944, the average
humber
then outstanding.
The corporation -continued its record of
never missing
a monthly-dividend in its 25-year history and paid $3
of
the
agreement
'
140,362
76,914 '79,555
773.
p.
Alabama Power
trust
participating certifl*drugs, 33% ; foods, 2571; packaged drugs, 22%; household products,1
'
cate,s against the voting trustees and C. N. Nikon to set aside the-12%^-cosmetics; 4%, and chemicals, colors and dyes, 4%„
• .,'v
An, increase in met .Working capital front $31,796,938 at the close oltyM-w...
contract With Mr, Hilton and asking that the: Couifc order submission
:>trofww-vv;
1944
to $33,104,130 on Dec. 31. 1945.
reflected the reinvestment of
of
the ftpek to competitive bidding and i Self receive bids therefor
He also reported "
that inter^undistributed earnings^ Mr, Brush;' said;
That
suit is entitled
"Edward E. ?Glatt, etrals;, plaintiffs, vs. H. H.
est on the corporation's debenture loan was reduced from 3Va to 3%
Cotton, et als, etc., defendants, Jack S. Strauss, etc., et als, inter¬
$320,214
$370,742 i
:.)=
by
held
company
voting
Central
California,
1943
1944
156,010
income_U-
railway-,
from
Net
p.
pre-
on
-Earnings-
1945
January
Gross
163,
-V.
Youngstown RR.
Akron Canton &
discount
645. '
$455,272;
total $4,643,460.-
stock, Dr$120,000;
ferred
workmen's compensation, $25,000; reserve,,
fixed assets,
5 k\ ,c preferred
stock ($1 par), $250,000; paid-in surplus,
self-insurance,
for
for intercompany
this
of
above-mentioned
$179,847;
reserve
stock
ital
'
LIABILITIES—Trade
expansion
Angeles, Calif., the cap¬
voting trustees under the
the sum of $2,037,000,
and as a part of the consideration for the sale of the stock at this
figure, Mr. Hilton was required to make available to the company
sufficient funds to enable it to redeem and prepay its: outstandingincome mortgage sinking fund bonds at par,
with accrued interest to ^
the date fixed for redemption.
;y.
Written dissents to this proposal were filed by holders of participat¬
ing certificates representing less thanj 9,4Cq shares of
the capital
stock of the company, out of a total of 58,200 shares outstanding, or
less than
17%.
Dissents were also received from holders of less
than 10%. of the principal amount of the income mortgage sinking
fund bonds outstanding.
1
; v■■■"
The sale, however, "has not yet been consummated because of a'suit-:-V
which has been filed in the U. S. District Court; Southern District of
contract to sell to C. N. Hilton, of Los
mate a
$8,499; total,
goodwill, $1; trademarks and brands,
charges, $201,535;
$4,643,460.
Monday, March 18, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
1414
1945
1944
.
•
.
,
f
American Brake Shoe Co.—Omits Extra Dividend—
Net
Saies
120,001,954 138,886,01'
i?o,
$428,818; clients' deposits, $38,352;
:
21.689.935
reserve
for Federal >taxes on income, $103,334; accrued expenses and;;:
The regular quarterly dividend of 25 cents per 'share has been
Net before taxes^—3,C27,318
( declared, on the no par
other
taxes,
$20,246;
reserve
for .rate adjustments, .etc., $60,504;
value common stock, payable, March 30 to
Federal taxes .
7,120,900 14.208.
holders of record March 21.
preferred stock (par $2), $266,000; class A stock (par $1), $26,600;
,
"
;
,
*
,
class B stock (par $1), $26,600; capital surplus, $203,958; earned sur¬
In addition to four regular quarterly distributions of 25 cents each
Net profit
5,656,418
6,73l,
made last year, the company in 1945 paid the following extra dividends:
plus, $74,669; total, $1,249,031.—V. 163, p. 773'•
The foregoing is after provision for contingencies (including renei
March 31, 10 cents; June 30 and Sept. 29, 15 cents each; and Dec. 28,.tiation) of $250,000 in 1945 and $750,000 in
1944.
25 °ents'
Alexander Smith & Sons Carpet Co., Yonkers, N. Y, V
.
► 11; \ In 1945 net income includes dividends from foreign subsidiaries
reserves
Calendar Years—
.
-
,
.
'
$1,249,081.
payable,
LIABILITIES—Accounts
,
.
—Registers With SEC—
•
—
:.
t
March! 12 filed a registration statement with the
of cumulative preferred stock, par $100. and
on
company
for
.
shares
50.000
„
,
,
company^made ^e.foUo^ng announcemeht^ m has been de-
cided necessary to reduce the first quarter common
.
The
SEC
The
,
^
J
;
the amount 0f $498,339 with $343,940 in 1944.—V, 163, p. 774.
dividends due to-in-,. .vs.'V-•.
!
: ; v;v :
American Steel Foundries <* Subs.)-Earninga-
,
shares pf common stock, par $20.
Quarters End. Dec. 31—
1945
.;,i 1944
1943
- 1942
The dividend rate on 1:losses in all our nine businesses. No estimate of dividend prospects can •
preferred will be filed by amendment.
',T' "
' /.
' : ; be made until it is known what price ceiling changes will be and wnett,, 4- *"SaleS
a.-—* $9,933,869 $18,417,365 $21,512,139 $21,217,
offering prices to the public will be filed by amendment.
" y -'
thejt will become effective."—V. 163, p. 646.
%
> , *Ooerft*ing. profit
225,773
1,969,814 % 2,203,313 % 4,250;1
1,1
The company has in- contemplation a program for modernizing and
Total inc. bCf. taxes...
'283,247
1,961,964 ' 2,219,995 "4,230,135
Fed. Income and excess
expanding its
manufacturing facilities and these of Sloane-Blabon,
.1 nillgs
-v.w: American Export Lines, Inc.—EarningspiofitS taxes
?•••• 140,000 '■ 1.358,900 f! 1,555,200' $ 3.546,9n"
Corp.. its principal subsidiary.
This program is deemed advisable to
1943
reduce manufacturing costs, to provide for new developments in pro-f;-££.
1945
,v
1944
Quarter Ended Sept 30
duction methods, and to increase production of established and new,' '/^Prbfit "-before"-'taxes
$639,246
$749,779' ; ;
$601,739
profit
$143,247
$603,064
$664.?<*5
$68'» 73
450.000 •;
products.
The company stated it is impossible to estimate the amounts
i Taxes
372.000
210,009
■fEarn, per com. sh
$0.12
$0.51
$0.56
$0.57
which will be employed for the modernization and expansion program
;
♦After discounts, returns and allowances and provision for rene
or
to
carry increased
inventories and accounts receivable since the
; , Net profit
$491,733
$267,246 if, $299t779
tiation of1 contracts^
After depreciation and amortization of eme
niaking of many expenditures will depend in large part upon avail; '• y ifi2 p ^2138
gency facilities, . §On 1,187,496 no par shares.—V, 163, p. 894.
ability o"f materials and equipment and upon removal of Government' *
4
,
„/
156,312J/2
the
The
^
,
,
"
"
■
i^et
#ft
of
restrictions
kinds.
various
Tenvative
•
cont,emol»f.e
pians
ex¬
r.«ie
equipment at the Yonkers
Sloane-Blabon has plans for capital expend!
penditure of $2,000,000
the company.-
for machinery and
plant of
additions
for
Philadelphia
met
partly
and
plants
improvements
amounting
through
to
investments
to
total
a
^
r
,
k
■
yp,t Lenman r»ros. ot
v
«
«
tomith, Barney
*.r,.-N
!
f
>
Corn
i
"
•
ef^trmal
nmnerf
steels
on
Russel!
M
said,
"and
i
i^
Mr.
America.
Allen
for
American
.
The U,
arrangements."
.....
Export sales facilities
at
this
particularly
S. S. R. and Canada
are
not
time
in
to
in
countries open to private trade for marketing
parent and subsidiary companies.
» - •(,.
of
vise Plan—Stock Increase
of
its
SEC held
tThe
pany
'-'tf
*
'
i
The corporation on
March 5 announced it was increasing imme¬
diately the price of stainless steel by 8.2%..% This increase is equivalent
that
steel
granted
products
Ceiling
but this
large
the
on
in
ptainless
steel
price advance
material
and
which have occurred in
recent
in
a
wages
just
granted,
were
made
labor1
years,
company
suspended
on
this
in
October.
product
proposed
,
stockholders! will
vote
March
26
on
the- following
...
.
the
^
recapitaliza¬
tion proposal outlined by :thfe directors ih a proxy statement:
The authorized shares of coipmon stock would be increased from
the
present 135,777 share#
750,000 shares...
»
•
The par value of the Common stock would be changed from present
$10 to $5 a share and. two'of the new-$5 par shares would be ex¬
changed for each of the present $10 par shares issued and outstanding,
increasing the number of shares outstanding from the present 125.208
to 250,416 shares.
V
,' k:
.' '
The company's former issue of class A convertible $25
par common
Ambassador Hotel Co. of Los Angeles—Sale Held Up—
The voting trustees
(H. H. Cotton. H. H. Jarrett and John H. Ramin a letter daled March 4, say in substance:
•
*
•
Under date of Nov. 15. 1945, a proposal was submitted to consum-
boz),
,
r
,
t
,
shares proposed
841,682
Common stuck of the merged company
debentures, common stock and war-
under the company's "plan.
under
1945.—V.
,..
After-discussing the rights of the different classes of outstanding
and the earning prospects; of the merged' conrpanv. the
that 80.16%, of the new common stock "would
securities,
all
proposed
to
claims
in
holders
the debenture
of
holders,"
the company's platl, rand at the
of ■.common
The Commission
stock
and
warrants
instead
same
of
also suggested that 17.39%
of
87.78%
fail-
the
would be
time
American,
r
common
.....
vide
for
and 6%
payment in cash of interest at 5% cn the 5% debentures
the 8% -debentures from July 31, 1945 to the date of mer¬
on
ger.—V.
162.
p. 2138.
v
#-v;
•
Gross
1944
sales
for
annual
volume
the
report
continues
a
of
$116,089,296
fbr
corporation... Alvin
which
10-year
578.36%
over
G.
I£45
—
Were
Federal
Brush,
1278.
P.
Other
expenses
637,489
Cr747,92l
..
1,159.635
-
78,138
1,075,709
96,777
124,247
147,656
1,014,342
•
.
(net)
:
lease of
Operating
'•
-
.
plant
% •"
j
(net)
—
on
Other
Int.
t$«v5.760
78,125
78,125
and deducts.
to construe.*
2,700
2,056
27,485
Cr5,249
Cr3,898
Cr65,875
Income
int.
chgd.
'
'
K
_
<J*.OTE;
1,386,139
-oA rtno
R9.002
•
Cr31,556
.
Net
Misc.
of
f$142,043
158,000
$2,447,635
$2,168,033
231,000
301,000
>$200,043
$2,2!6.6,5
$1,8°" 033
for the period
608,609
608,609
$1,608,026
$1,258,424
$476,295
income
res.
net
inc.*.
88,000
,
/■
surolus
.
$388,2^5
Palance
greater
than
revealed
in
tDeficit.
appliC.
to pref. Stocks
163, p.
774.
(Continued
on
page
1417.)
D. Selbert, Editor and Publisher;
statistical issue on Mondayl. Other .' -,
William B. Dana Compap^^ Reenter^ ;
Po«essioim._J^fl.OO^per^ year;
^7-50 Per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain). Asia. Australia
.pn account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
■S5;;
937,501
-
The Commercial and Financial Chronicle (Reg. U. S. Patent
Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert
.William/Dana Seibert, President; William"D. Riggs, Business Manager,
Published twice a week [every Thursday (general news and advertising issue) with a
Salle St*. Chicago 3. HI. (Telephone: State 0613)1 1 Drapers' Gardens. London. E. C„ England, c/o Edwards & Smith,' Copyright 1946 by
matter February -25, 1942, at .the post office at New York. N. Y„ under the/Act of March 3^ 1879, .Subscriptio_ns_in United States and
.'offices:, I35, S. La
$3,346,746 ', $3.RM.619/
$561,871
mtge. bonds——
Gross
Int.
in
the
Chairman,
»
income
income
Dividends
13.4%
'
1,001,455
•
—
—
.:r
Other
,
revenues^!-
oper.
for
Rent
f
1,033,009
!
inc.
ret., res. approp.^
Net
8,127,302
W.Qol
1,739.322
7,980,594
0rll4.86l '•>,•
I
99,806
lieu of
in
664,056
taxes
Prpp.
1945—12 Mos.—1944
$702,969 $14,672,317 $16,201,131
$573,939
taxes
Charges
Co.—Earnings—
1945—Month—1944
.
revenues
taxes
Reports Sales Up
released recently,
He pointed out that this
record of annual
increases,
with
last year's
that of 1935.
While this growth reflects in part
was
,
163.
Arkansas Power & Light
Balance
American Home Products Corp.
;
properties of
-f
be allo¬
of new .common
in place of the •11.27%. provided in company's plan,
and that, warrant holders receive 2.45% .of the new cemmon in place
of the 0.95%
provided in company's plan.
,;. / (.
The Commission also required that the .plan be amended to pro¬
cated to
this company for the
electric
Period End. Dec. 31—
Operating
Operating
Commission concluded
satisfy
f
com#f
the
ct American,
„
t
t
•/.'• The .Commission, ■ proposed that the - fjlin, be modified to'provide
1 f01f
issuance of 1,090,382 shares of new common- in place of
185. '
stock was called for redemption Oct. 1. 1945. and the majority cf out¬
standing shares were converted into the present $19 par common stock
—V. 162. p. 1882.
of
*
affecting stainless steel
culminating in the 18'/ac increase
p.
plan
raftts, «thd the liquidation of Cbmmunity Oas & Power Co., parent
1945,
costs
spokesman said.—V. 163,
reorganization
ended
8.1%
Of
3
generally approved the plan in other respects rand; gave the
company 30 days to amend it,
„
,
The plan provides for the merger of Minneapolis Gds Light Co. into
,.,.w
........
.
to offset the
Allied Products Corp.—Flans Stock Split-Up—
The
the
steel producers in the average realized price of all
American, the Issuance of the
recently announced by O1PA.0- ■'*■>■■■■ -•i-'-- - '.to the holders of American's
first
increases
that
Proposed—
to be amended to modify the allocations of new
before the Commission could approve it.
The Com-
stock
to
as
prices
is
Re-1
,
March 9.
1946, totaled 82,860,000 kwh„ a decrease of
the output of 90,236,000 kwh; for the;corresponding week
Bower" output' of the
mission
*
to
4fil"
have
v/ould
common
•
^
>
were
American Water Works & Electric Co., Inc.—Output-
\"
163. p. 461.'
V" 161
American Gas & Power Co.—Ordered by SEC to
..V;- f
Price of Stainless Steel Increased— f
$1.23
;
week
all
products
the
86 Dre*eirea st0cK'
S * 87
■
Europe rand
Airco
and $6 preferred stock.—V.
$7
meet! %
included in these
been established-ov
$700,316
$1 12
deduction#.for reconversion expenses aggregating $456,479
during the period but charged to reserve previously created
period
.
-r
have already
"
reduced by $1°2,000
the
because of
: lic Preferred stock than"the plan filed by Bond-& Share and Foreign
Power md to take -ether action in their behalf."
taken
is
April
were
:
Alfen
products,
plan
share——!.
per
♦Federal .tax^s on'income for
$633,746 %
$674,475
$1.19
'
v;
tEarnings
17, 1943,
!V
'
incurred
In its proposed letter of solicitation the committee; stated -it .be-1;
therefor
through
appropriations front income of prior years.% In
lieves the public preferred stockholders should be represented by per- ;:
addition,
by
reason of
carry-back provisions, it is estimated that
son'1. authorized and in a position .to* file • with the Commission "a'j ii, refunds of prior years' taxes will amount to $111,000. 10n 568,101
^plan vWhich nray be more•' advantageous to the interests of the' pub- i r shares raf capital stock.—-V. 162, p, "2385.
\
* '
7
heavy demand
1
■
started Dec. 12, 1944, and w..rc adjourned
subject to the call of the trial examiner.' :
7
the
on
alloys, Russell M; Allen, Sales Vice-President, an-v ,
baid on long range plans by^tha company to expand ^
export sales,"
South
oVniii
ifQc?c
allovs
and
Marrh
^'This step is
its
the
„
of^ReductionS
subsidiarv
a
!
"
was filed Oct. 26, 1944, jointly, by Electric ,
Bond & Share Co., parent company, rand Foreign .Power.;.i.Hearings4,
V, 163, p. 1277.
Co.
•
rpn^ipntaHrn n?/an
1,779,780
1,913,700
v"1iV^'-AjpIan of reorganization
•'
Allegheny Lualum Steel Corp.—Completes Contract—
wmnr.tub'i..
LmniArf
»■»
.
ThiK
,225,000
•'
4
-
the (Commission
<
Thew^rmopltuil.iAweU MrIgaL8tarnHmaW°c,!i0minin
i,nl!,
^
Iwh
%
Veauody 6c
nick.
a
$2.772,446:
475
>■a nstifnunp-
i
isr
p, )nf.f>tr,n
it by the
in, or advances to,
company.
1944
1945
buildings- at- its Trenton and;%
of $2,660,000 and for newr%
machinery and machinery and equipment at such plants amounting.;v*
to .a total of $2,424,000.1 The requirements of'the subsidiary may
tures
and Africa,
i;
v;
'
.Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
163
ADVERTISEMENT
■«r
.
BO R D E NIC 0 MP ANY
•;
DIRECTORS
OP
BOARD
•
'
•'
Milbank
G.
Albert
Chairman
President
Life Assurance Society
.
",y\
»'■'
!:and
Stockholders and Employees
our
and
young men
services.
Ih Ken&ler Credniery ' :
-
President, Armstrong
Pioneer IceCream
:i& Company, Baltimore
Division, New York
AustltiSllglefteart 7 0 THeodore
Cork Company
-
>
^
'
'
$|f foods Corporation P
Robcliff
/■v.
.
1
\
Hadley dkMcCloy
-
,
Marry A. Ross
Marcus M, Munsill
V.Jones
Vice-President
Spencer Trash & Co.
'
.
Albert O. Milbank
OFFICERS
> •,
V
/
certain
In
Harold W. Comfort
.Y
'
'
Executive Vice-President
'
<
Charles A.
JoMSf Vice-president
Theodore O. Hofman, '
'
General Controller f ;> >
">
.
HarryL; Camp/"
•,
*
/>
George Bittner, Assistant Treasurer
.
Cecil I. Grouse, Asst.. Vice-President
a* Brooks Fray,
Walter.T. Fitzpatrick,
.
.
„
Madison
Avenue,
II' Broad Street, New
'
I.i-V.&'$':■
,
;
.
S
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•'
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(■ Yu
■/} Y.oi-Y v.--'
''
AGENT
^
n
W;\
5
vY-*
"FINANCIAL
v
cellation
York 5, N.Y,
taken
16
■
total
;
,
of
the
government's
orders
war
quickly
was
sales
benefited
{■ ,W\',vuv
v
v
'f*-■- L'n'r.r
«] Y
.
r\ 'i1
from
('l.s
i
-
widened
1
-
*
1
-
_f
history,
F?r u16 ^irs
portunity to
L
.
Y,,
•
,
markets
for
""" 1 *
:
."I'
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'
'''
'
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creased
difficulty
of
retaining
Government.
The
Revenue
Act
of
1945
.
Net
.
Working
whose
Capital
'
r
.s
sales. It
was
the largest in the company's
having
will
closely paralleled our 'in¬
probably not be maintained at
-rv'iYY':-';:r| '!./■
V ''
During the year, we paid $801,000 on the balance of
$14,497,000 of 2% notes outstanding at the end of 1944;
I
>
L
growth
present record levels because of large capital expendi¬
tures, contemplated for coming years, which will greatly
exceed current depreciation accruals.
' Y.
'
some,
i\
''v
i*..-
its
leaving
^
a
Income and Dividends
Street, New York 17, N, Y.
r
balance of $13,696,000.
:
..
•
.v
;
A
^
v
Our securities consist of United States and Canadian
net income totaled $12,093,972,. apd equaled. $2.85
government issues. These securities, which are carried
was approximately 2.6 cents per. ion the
/as
2.6
per
balance sheet at their cost value of $27,806,725,
among the lowest in rthe com-lowest in the com-had a market value of
dollar of sales. Ranking among the.
$27,808,743 at the close of the year.
Yin addition, we held United States
panyls history, our_profit in percentage of sales declined
Treasury Savings
during the war years and was low in relation to thatNotes of $25,700,000, equivalent to the accrued Federal
r™-i
'
..
.
the
a
to $18.61 per share and
bur
y.:
indicate
Our net working capital at the close of 1945 amounted
up
as a means of
strengthening pur. earning; power
and enhancinglour"future
progress.
i.j
»
AUDITORS
Hasklns & Sells
East 44th
Federal
.
y.
..
1
tax*, bills
.
'
dividual stockholders, but also consumers to
living costs high taxes contribute substantially.
milk
:v
'
'
■
32,908,598
step in the right direction. Further progress along
! these lines will benefit not only institutional and in¬
relatively hew products, whose development was in lined,
with our policy of branching into fields other than
fluid. :
~
Wall Street, New York 5, N. Y.
'
of the
is
while sales were further limited by
shortages of sugar,
cocoa, and other scarce ingredients. On the other
hand,
REGISTRAR
r
•
30,281,637
operations, and strikingly demonstrate the urgent need
for. a practical,, realistic national tax policy on the
part
-
-
1944——
These
output,"
Main street, Fleminyton,
Bankers Trust Company
-
15,098,404
21.954,543
sufficient earnings to provide for transition to
peacetime
by civilian consumers. In dairy products, the
inadequate supply of milk curtailed our potential
REGISTERED OFFICE
■p'tl:
1942__
At the close of the year, our current assets
(Accounting for this sales increase are several main
were
factors, including the obvious one that government re-, $106,784,715, and current liabilities $27,897,499,
resulting
quirements were Jbigh during the first Six months and Yin a net working capital of $78,887,216.
The ratio of
civilian demand generally exceeded
current assets to current liabilities was
supplies throughout
$3.83 to $1.00,
the year. In most lines, the slack resulting from can¬
as compared with the 1944 ratio of
$4.00 to $1.00.
V-L-'- 5.'V':Y.
N. J.
ii# :'V' 'v'\vY".■/
.
:;v
((:S®S COUNSEL ■
lit
Total
$ 8,593,518
^
■m
Milbank, Tweed, Hope, Hadley & McCloy
15 Broad Street, New
•
.
1945
shifting,
of
one
MATTERS
Sales
,
>
:.i
|
-
Our sales during 1945 were the highest in history .They!
Totaled $459,454,880, an increase of .12% over the ($410,--';
478,189 of the previous year, which was in itself a record.
i>t New York
York 15, N. Y.
fr*
-
./YV'i
-
New York 17, N.Y.
The Chase National .Bank of .the City
'•!-'Yl;• vV: Y:
'
EXECUTIVE OFFICES
350
;i
every
Y.1941_..
,
V
>
TRANSFER AND DIVIDEND DISBURSING
...' ../■
'1
•
be measured largely by the
Douglas T. Orton, Assistant Setretary
Asst. Vice-President
largely
'
*
kind totaled $32,908,596, and were the
largest in our-history. The steady, year-by-year in¬
crease in our tax bill is indicated by the
following table:
-
Assistant Treasurer
"Y"...;
,
■,Y
lv'-'.v;
!- Taxes of,
availability of in¬
gredients, materials ;and equipment in the months ahead.'
Y :■' ;
"
:
Taxes
ill'v
economic facts which must eventually be faced.
of both subsidies and price rela¬
lem will
General Auditor & Asst. Treas.
Everett L. Noetzel, Treasurer
Theodore D. Waibel, Secretary
postponed because of the war.;
markets; we shall again be able to devote most of our
time and attention to civilian consumers, instead of the,
government. JProgress toward the solution of this prob¬
»
<
by $700,000 to cover the estimated cost of
repairs of buildings and equipment which were
solving problems
Our. reconversion problem is
.'
Eckburg, Vice-President Harold K, Kramer, Aa^#ice-Pres.
Robcllff
R©yD Wooster^ Asst. VicC-Pres.
reserve for deferred repairs and maintenance was
1943
Wiljls H. Guriey, Assi>,Vfce~Fres.
Harry A. Ross, Vice-President
is lover,
tionships, intelligent, cooperative effort will be required
from government, farmers, labor and
industry.
\
"
William H< Mar cuasen, Vice^Pres,
war
first-out
augmented
Subsidies, while ,helping .to keep, consume^
prices of dairy products low, also shield the public from
•>
President
Chairman
Charles F. Kieser, Vice-President.
■;Y Our
avoided.
Theodore G. Montague
Clyde E, Reardslee, Vice-President
Our
I distorted and must be adjusted if unwieldy surpluses of some products and severe
shortages of others are to! be;
,
-
carry them at their previously
values, when restored to
inventory quantities, we increased the Reserve
for Replacement
of Depleted Normal Inventories by
$588,760.
but. many of its problems remain.Historic. and normal iprice
relationships between the
•.various dairy products and other food products are badly
Vice-President
.
The
to
us
last-in
normal
procurement of new equipment got under way.
•
To enable
established
future
'
Milbank, Tweed, Hope,
President
President, General
armed
Beverley R. Robinson
G. Montague
normal.
women
the
Hennlng W. Prentis, Jr.
inventories averaged about $17,850,000; subsequently,
an all-time peak of nearly $47,000,000, Even though total inventory valuation reached
high levels, stocks of some finished products were below
to improved
and
Y-\
Madison H. Lewis
"
•
however, they reached
year
began returning from
policy of diversification was
continued, new products were developed and marketed,,
and new operating fields entered. Erection of new
plants
'
t. Manuel Hendler
' ' '•*
''
-
our
a. better sales showing,.and all
profits. Our job of supplying „the
that were needed for the war came to • an end,!
one
goods
<
of the United States
V-SO YY/Y YY-li/ YVKrf'L
•*
save
president, The Equitable
"
of progress, in Borden his-improved, with every-major
a
Sales and profits
division contributing tp
Thomasl. Parkinson
-•
-
'
vWe have completed
.
tory.
■
Milwaukee
to
/'K>
L
of the Board
Lester Le Feber
President's Report
The
Y'YYvYYYYY
>
YEAR-1945:'
Y( ANNUAL REPORT 88ih
YY;/- ' YY'.,':-;;
.
Harold W, Comfort
ADVERTISEMENT
,
THE
'■^Executive. Vfce«, l Y Y:
1415
ADVERTISEMENT
P&r
j
all
riS
achie^the-lastmg peace we all de^ .
pathway
WP
Leaders exploring the
•"
share'^^of stock. This
-
goal agree that one of the
most^mportantenjoyed .by..most
any,peace .^rmula must-bes^roader^ use of-toe worlds
operating margins
goods toTift the world s living standards.
-
For
.
m
order to provide the funds needed for
a
I
vigorous pro-;
and excess
on
the
profit taxes for the year. These notes
balance' sheet as an offset to our tax
liability.
^ram, of research,, development and growth.,
here in America this means that we not only.
us
income
other industries, -Somewhat higher
are justified and will be necessary Yappear
properties '
Y
*
(V;
\
earnings reflect more successful opera-;1
major division, except the Fluid Milk Di¬
During the war we were forced to defer the:construc¬
vision. Despite the most strenuous
tion of some necessary buildings and the installation: of
efforts made under
needed equipment. These expenditures are
trying conditions, our earnings in this division werenecessary to
slightly under 1944. Substantial increases- came from- Y secure greater operating efficiency. We are now pronew or-expanded-actrvities
in other divisions.
|ceeding with these projects, which will contribute maYterially to postwar employment, as rapidly as materials
i * LV,J
J;s
T
'tf
: • *
Dividends, which have been paid without interruption!Y; and building craftsmen become
available.
This will, not be done. by dreaming or t economic ;
for the past 47
.years, amounted to $1.80 per share, an
sleight-of-hand but by free enterprise and the same I increase over the
The Board of Directors authorized a budget of capital/
$1.70 "paid during 1944. There werel
kind of determination and cooperation that brought our
interim dividends of 40 cents
per share-paid on March* -expenditures for 1946 totaling $12,785,000. Considerably
military victory. It will be done by hard-headed, hard¬
2, June 1, and September 1, and a final dividend of
60t larger than in prewar years, this budget exceeds our
working men and women.
' I'.-cents on December 20.1 V
•
:
v
anticipated depreciation by about;$6,000,000. This $12,v-r'.-.
785,000 budget, and the carry-over from 1945 and prior
!• 0 Contributions to a stable economic structure and bet-;
f years of projects aggregating about $10,500,000 together
Reserves I U"•'':UlY
ter living will be made by men and women like those
represent by far the largest capital expenditure program
who produce raw materials for Borden's, like tliose who
y
In the past years we have
in. our history, and have made necessary the strength¬
outlined our policy in re¬
work for us, like those who own our company. ..They
gard to the Special
ening of our net working capital position.
Contingency Reserve. During the
Y
will be made by Americans who know that victory in
war
years, a total of $11,500,000 was
.provided^Charges
peace, like victory in war, must have its roots in the
against the reserve total $992,755. hnd include, those made
plants and shops and stores, m the homes and hearts
Capital Stock
I :v;'Y l/;..":1 ■
in
1945 of $460,022
representing losses incident to the
of free men.
"
1
■■
1
curtailment of production for wartime
needs, and $221,- Y Y.Our capital stock continued to be widely held. At the
|
THEODORE G. MONTAGUS, ■
928 as a result of
renegotiating 1944 sales under govern¬ Y close of the year there were 4,240,000 shares outstand¬
•': ^
r.
'li " :'y:.
\
'•
; : President.
ment contracts.
During the -year the Board nf Directors' ing, and these were held by 49,278 stockholders residing
productive capacity that proved
itself so magnificently in war, but we also must perfect
our
selling and distributing organizations so that our.
products reach the widest possible market at the lowestf
possible cost. Thus we make our contribution toward a
sound world economy and establish improved security.,
for the company and its employees.
\
must continue to use our
>
v
•*
*r
-»
^
-»
-
Y|| The \ncreased
tion of.
*
.
tAw
.
A-f*
AtrA*»tr
w% n-i a%«
««
every
i
it.
_
ni
?
l
n
r»n
:•
tn «
,
•
-
:
,
.
-
^
'
*
*
.
..
"
»
■
\^'y|.
Annual Meeting
reviewed
.c
17, 1946. Material for the solicitation of proxies for this
meeting, along with a form of proxy, will be mailed;
to stockholders about March 22nd. This report is not
part of the material to be used in soliciting proxies, but
is issued solely fpr.Jhe general information of stock-*
holderrs+an(l employees.
■
r :
the situation and
^of.changed conditions,
The annual meeting of stockholders will he held on April
seemed
•
~
necessary
The soundness
v
no
concluded that, in the light
further addition to the
during 1945..
of
setting aside
l;
-
reserves
reserve-
is
>'
indicated
J ^ comparison of
our prewar inventories with thoseY
1945, and a consideratipn/of possible fluctuations in'
inventory values during unsettled conditions which the'
of
future
may
bring.
In
the
in every state, every Canadian province, and in terri¬
tories and foreign countries. There were 104 more stock¬
holders than in the previous year. The
average holding
was 86 shares."-'
Y'Ly;..
*„,•
five-year period* 1936-1940,r
V
There
was
no
change in the amount of capital: stock
authorized. There
a reduction of
10,000 shares, in
outstanding. During the year 62,604 shares wire
purchased by the company and 52,604 shares were re-
stock
was
issued to acquire new businesses or
company
common
Our grocery
for other corporate
products merchandising efforts were in¬
Development of
established
DIVISIONS
Contributing
products
were
to the new record sales of ice cream
the lifting of wartime production re¬
expansion of our operations into new-
strictions, the
territory, and the return
of service men who apparently
their preference for ice cream back into civilian
life.
As more ice cream became available, sales, of
sherbets and ices declined only moderately, indicating
a
wider consumer use of these, products than before
carry
others.
war.
All
higher than our ability to pro¬
The army and navy received all that
was needed—their
orders, incidentally, diminishing as
demobilization proceeded. But civilian sales expansion.
undoubtedly would have been greater had there been
At times demand was
vide
ice
.
of
contracts
Borden's
for powdered
lemon
and
milk
were
powders,
orange
which had been used in army field rations, were again
concentrated in the bakery and confectionery trades.
V
,
Contributing
in the Ice Cream Division has almost
doubled in the last five years, and because of the large
volume
to
the
in
improvement
gratifying
the
mafket for Borden-branded cheese products was a vig¬
advertising program. Our promotional efforts were
orous
the largest contributor of
volume, this division is now
government
Sales
, the
need for cultivating new outlets to
quantities of cheese that had been exported
during the war. Some future government purchases may
still be made for foreign relief, but the Cheese Division |
is vigorously developing increased domestic demand to
by
inspired
division to our total earnings. The steadily increas¬
ing consumer acceptance of ice cream as a year-round
dairy food gives promise of further increased sales, as
increased supplies of ingredients become available. The
industry's zealousness in maintaining high quality has
also been a potent sales stimulant.
any
absorb vast
maintain its future
sales.
.
,
Promotion of natural cheese will be continued. The
demand for cured cheeses cannot be
Fluid Milk
met, however, un¬
til price ceilings are further amended ;to
provide ade¬
quately for the cost of storage and curing. *
products increased, but profits
decreased. In relation to total sales of all products, sales
of the Fluid Milk Division no longer constitute the
The sales of fluid milk
-Total volume, both in tonnage and in
cheeses
Borden
on
a
basis
nationwide
a
dollars, reached
gratifying im¬
distribution
of
new peak. Earnings likewise showed
provement. Further promotion and
a
larger part—a steady decline in percentage having been
experienced since 1938. For many years the fluid milk
business has been conducted at an extremely small mar¬
Our research men worked primarily on the develop¬
ment
of
proving
more
new
products,
the United
major responsibility for im¬
and processes was centered /
as
products
present
in the control laboratories,
Development work
should
o
;
items which
fit into the company's present production facilities and
can be marketed through our established trade chan¬
nels. Research is grouped into five general programs,
covering such diverse projects as studies in the food
field, casein and resin adhesives, soybeans, pharmaceu¬
ticals/ and animal nutrition.
:
concentrated
was
on
^
-
Among the factors accounting for our good relation¬
ship with employees were the absence of major prob¬
lems resulting from reconversion and our policy of k
placing responsibility with divisional management, which
is able to keep a close and sympathetic contact With
employees and their problems.
Recognition of long service by employees was given
through the establishment of Borden's Quarter Century
Club, and the initiation into the club of 2,699 employees
with 25 years or more of service. Of these, 162 had been
employed by the company for 40 years or more, and
eight for at least a half-century.
;
Continuing in effect for the benefit of a large per¬
our employees were contributory plans of
group insurance.
These provide protection in the event
of death; non-occupational sickness, accident and acci¬
dental death/ Hospitalization insurance is also provided.
centage of
In the field of safety, considerable progress was made.
Despite a rising accident rate in industry generally, acci¬
dents involving Borden employees or vehicles were held
to our low 1944 rate. This gratifying showing was due
to unceasing accident prevention work, in which em¬
ployees cooperated fully,.*
"
prove
helpful in expanding cheese consumption generally in)
gin of profit, in fact at times and in some places at a
general public does not fully realize this.
V'/;yy-'
The Employees
equipment and
ample sugar, and sufficient manpower,
Our
products and the improvement of
.Research'-
•
■
filled.
cream.
miscellaneous supplies.
new
continued. Borden's Instantly Prepared
ones
Coffee was introduced to civilians, and met with good
acceptance. Further improvements in powdered Hemo/
and test-market introduction of Hemo in liquid form,
give promise of additional sales volume, Sales of Eagle
Brand, our original product and still the leading sweet¬
ened condensed milk, were good in view of the short
sugar situation. Demand for None Such mince meat ex¬
ceeded our ability to supply, and manufacturing facil¬
ities are being expanded. Shortages of sugar, cocoa, and
other ingredients still prevailed, delaying the introduc¬
tion of some items and the expansion of markets for
Ice Cream
.
ADMINISTRATIVE MATTERS
war.
The sales force was enlarged to give more concentrated
coverage and prepare for aggressive selling.
!
,
stock,
THE OPERATING
ADVERTISEMENT
tensified in civilian markets with the end of the
the 2% notes .outstanding, the
continued without any securities senior to its
JLxcept for
purposes.
Monday, March 18, 1946
ADVERTISEMENT
ADVERTISEMENT
•the
CHRONICLE
THE COMMERCIAL & FINANCIAL
1416
Incentives
States.
>
loss. The
in
:
No Borden division
war's end than
seriously affected by the
was more
Casein Company "of America, where
our
materials. Reconversion of our adhesive
plants was no
problem, but the reestablishment of peacetime markets
will take time due to conditions beyond our control.
report indicates that the six distributors
for the years 1941, 1942, 1943, and 1944 showed an aver¬
age net profit of only Vzc per dollar Of sales. Moreover,
even this meager margin was possible only by the most
rigid economies and efficiencies in both processing and
distribution. A copy of Dr. Spencer's summary report
•will be mailed upon request.
Future progress will be measured largely by the Sit¬
uation of the industries which we supply with adhesives.
Many of
our
because
of low lumber
customers
ditions which may
To widen
finding reconversion difficult
production and unsettled con¬
are
prevail well into 1946.
During 1946 the fluid milk industry may be faced with
the problems created by the .withdrawal , of Federa.1
Government subsidies.,- These subsidies kmbunt to/as
markets, research in both the synthetic
fields is being directed toward im¬
proved adhesives for industrial wood-gluing/ labelling,
much'as 2c per quart, varying as to locality > and season.
By reason of these subsidy payments consumers; have
enjoyed a much lower price for fluid milk than would
kets
resin
and
our
casein
and cardboard. Plant facilities to'
paper
serve
these*
mar¬
being expanded. The division is developing new
consumer package items.
<
been! possible,.Future government policy
in regard to these subsidies provides a problem since the
already, meager margins available to the distributor of
fluid milk cannot absorb further increases in costs, if
'the industry is to survive, particularly in the large cities.
Special Products
;
to
a
.Wider
use
of
areas.
*
..
; ;i:i° lJ-:^icvoo.oy',.,: ■.
'/itiqino'j
-t.i;
and
•
:
paper con¬
;milk*product designed to meet the specialized nutritional
requirements of older people.
(
<
especially
...
■
;
.
American production of whole milk
powder, which is
chief export product in normal times, increased
sevenfold during the war. With the demand by
our:
v
armed
forces drastically
reduced, new markets will be
required to absorb future production.
•
•
Manufactured Milk Products
:
■
•
/bo-:-;.
»■'
'
fluS milk created a milk short¬
which, developing during the latter part of the year,
sharply curtailed pur manufacturing operations. As the
situation became'acute, the^ demand was met by milk
diverted from our evaporating and powdering plants.
The curtailment of production, plus large deliveries of
both powdered and evaporated milk to the government,
resulted in insufficient supplies of manufactured milk
products for consumers—although our relative position
in the industry was maintained.
were, as
in re-.
cent past years, consummated at a loss because of OPA
ceilings,* The greatly needed price /increase was not
granted^ during the year. Important to users of evaporated milk
40^0-Unit^
the increase in fortification to provide
of vitamin D to the pint.
was
to
.
%
stimulating
aggressive,
'V
'
.'cY- ^r*- *"
"f
•
.
\
'
■
•
*
V*."'k'
/•';
.
' '
were in short supply, we pursued
aggressive advertising policy in order to keep our
brand names before the public, against the day when
we can again take care of all customers. In addition to
advertising Borden's and its products, generous amounts:
an
of time and
space
were devoted to
projects sponsored
effort.
war
In
magazine advertising, the "Elsie" campaign was
on in publications
having a circulation of 30,000,000, ; and continued to hold high reader interest.;
Radio advertising was again used, with our network
programs attracting a growing audience of listeners.
carried
of
an
during the year was the
Elsie advertisement to present the 1944 An¬
nual Report to a broader section of the
to
public. Designed
better understanding of The Borden
Company—and of private enterprise, generally—this,
advertisement attracted considerable favorable com¬
encourage
ment.
a
■r-:
•
'■
'
.
'
:-y/.
The large demand for
evaporated milk to the trade
addition
Advertising
'•
'
'■
Canada
vv;,:.
In
''
age,
Sales of
In
An interesting innovation
about
...
^
use
•
.J:.'.
r
eligible for ?
resourceful
leadership, particularly in our decentralized operating
divisions, the program has undoubtedly been instru¬
;
Export Operations
returning
of
incentive compensation.
any
by the government to further the
Sales of prescription
products, such as Bioiac, Mull~
Soy and powdered infant foods, continued to grow. Also
placed in limited markets was Gerilac, a new modified
indicating a higher, degree of nutrition-mindedness on
Americans,
crushing capacity necessitated doubling
ing Company plant at Waterloo, Iowa, thus enabling us
more nearly the needs of customers and "our
feed supplement department.
Never. before in history has the consumption of fluid
milk reached the per capita record achieved in 1945,
the part of
.veterans,'
the President is
nor
Although products
own
demand from storekeepers and
a
(
to meet
adopted the convenient and space-:
saving square milk bottle, and its Use will be extended
as rapidly as new bottles can be obtained and equip¬
in many
Chairman of the Board
supplements, vitamin products, soy products
Our increased
markets
answer
8 corporate officers. Of the total payments made, employees received 90.3% and officers 9.7 %. Neither the
mental in retaining through these unsettled times the
services of many men of exceptional ability.4
<
the capacity of the storage bins at our Soybean Process¬
reduced the volume of retail sales.
adapted. There will be
of the divisions for which each officer has executive responsibility, approximately $73,000 was earned by
ance
.
and flavors.
tially higher take-home pay of deliverymen. In addition,
many jobs have been preserved which otherwise would
have been lost because higher prices would have sharply
consumers
one plan providing incentive compensation for '
key employees/and one offering the same type of com¬
pensation to officers. During the year 623 employees
were designated as eligible for participation in the plan,
and abbut 545 earned approximately $680,000 through ?
their individual accomplishments. Under the plan for
officers, which is based primarily on the profit perform-
Expansion into new fields and development of estab¬
lished lines resulted in improved sales of poultry and
animal feed
Every-other-day delivery of milk to homes has been
generally, and it is largely this economy in
distribution costs which has made possible the substan¬
continued
tainers in
As approved by the Board of Directors/our program
includes
,
-
ment
policy of providing incentive com¬
are
otherwise have
More
our
pensation to officers and employees assigned to respon¬
sible positions was again proved by the results of the
year's operations.
large part of production had been allocated to war
a
A summary
.
The wisdom of
Casein
September, 1945 a comprehensive and impartial
study and report was completed of the operating condi¬
tions and costs of six leading milk companies in the New
York-New Jersey Metropolitan • area. The report was
made by Cornell University under the personal direction
pf Dr. Leland Spencer, professor of marketing.
\
•
•V-i*'*-■" *•?•
•;/
.The
vt
close
jn^-s ^
ited. Most of
of
the
/rVi..
war
•
was
•.
;
•;;•••
'
•
followed
*V,;"
by few
operations of The Borden Company, Lim¬
the wartime controls affecting our business
.'remained.,,-
.
Despite the Substantial increase in milk production
and the continuation of restrictions oh consumer sales,
supply was insufficient to meet the heavy demands for
concentrated products for export. There
was a reducih military and Red Cross
orders, but this was
offset
by government requisitions for concentrated
products.^ Domestic demand for fluid
milk was increased
high consuming habits of returned service men,
by the new-family allowance program which per¬
mits larger food expenditures by lower income families.
and
the
to
major
closing this report, I wish
men
and
women
a warm
welcome home
of Borden's who
served
their
country in uniform and whose service reflected credit to
the company. To those who have already returned, or
will rejoin us soon, as well as to the other Veterans en¬
tering the company's employ for the first time, con¬
gratulations on a job well done and best wishes for the
future.
..
Also, I recognize with appreciation the contributions
of members of the Borden organization and those outside
the
company
whose cooperative efforts
resulted
record output of goods during the war'years
are
now
helping to blaze
a
a
trail to peacetime: progress.
Special acknowledgment is due
on
in
and who
m^.f!fwefti "associates
the Board of Directors whose broad experience and
-
Volume
;r;.:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
163
judgment were so helpful in solving many com¬
plex problems during this same period.
;'aa.
v
Official recognition of the company's contribution to
war came from several sources. The Army Service
Accounts
the
five
of
Certificates
Meritorious
a
v
•,
—$
Accrued Accounts;
tj
of
'
,
Net
at
Beginning of Year.—
Income
for
the
V
1
Financial
Payable—2%
Notes
Statements
of Haskins &
certificate
Sells, certified public accountants,
until
«*•••»
<i
-
^
11
1
Dividends Paid during the Year
-($1.80
•av.
Write-off
;
share
per
share in
1,
,
,
'
4,438.789
"r
stockholders, employees, and the general public.
remainder
——
12,895,000 $
of
For
139,025
Liabilities——
$
12,933,520 $
Special Contingency
For
■
MONTAGUE,
Employees'
Annuities—based
on
ment
•
to
July
and
Domestic
and
Canadian
'
•
,,
v; a
..
Consolidated
COMPANY
Balance
>
Subsidiary.
•.
Sheet,
■■
pa.
Dec.
31,
Other
<
.
Companies;
■
-i>% .-.a.
..
1945
and
.
...
1939—
1,
Insurance
BORDEN
(Note
2)—;
;
.
v:
'
'
/
10,507,245
service
prior
——
Reserves
:J
—
Reserves
—
$
——
-
6,937,676
6,161,731
'
-
1944
Earned
Surplus,.
—
•
,
.17,369,830
____
(Including
loans
to
employees—1945,
$91,234; 1944, $57,259) less Reserves for
a>
20,877,457
,32,515,806
"
r
<
Doubtful
Accounts—1945,
1944, $2,180,217
$2,258,264:
Cost:
,
r
or
'
Finished Goods
1945—$14,167,745
1944—
Market:'
>
-r-
$17,306,931
15,178,995
'
-
,
<Materials & Supplies '
"
,,
'
.
34,192,113
$
—
1
244,519
218,004
13.836.192
$
13,618,188
Tax
FINANCIAL
and
STATEMENTS
Canadian
Refunds
included
Bonds
Government
in
and
Investments
on
Non-
/.
5,404,052
.
has
been
the
Statement
and
.
4,802,631
of
the
at
official
Consolidated
exchange
Net
rate
Income
Contingency Reserve
is
and
its
at
U.
S.
'
-
for
(created
wartime
contin¬
transition
$460,022
$70,805
representing
a
reduction
of
$398,992,
less
income
tax
of
applicable to similar sales in the year 1943.
An estimated
ior possible renegotiation for 1945 has been made in the
$328,187,
provision
Statement
in
of
Consolidated
Net
In recent years the
(3)
$179,776,182 $172,843,311
—
converted
to peacetime economy)
was
charged in 1945
representing losses incident to the curtailment of pro¬
duction for wartime needs, and with $221,928
representing a reduction
of $1,590,945 in thq. contract price of
sales in the year 1944 which
were'.subject to
renegotiation,
less United
States
Income
Tax
of
$1,369,017 applicable thereto.
In 1944 this Reserve was charged with
.
Total
TO
Assets,
Postwar
in
gencies
31,474,676
19,013,118
Current
and
dollar equivalent,
j
:t
(2)
The Special
Stock Outstanding (1945, 4,240,000
i
.
shares; ; 1944,
4,250,000 - shares)
and
Surplus
,,$107,217,316 $103,901,197
'
,
Net
with
Capital
V,
,
v,
•
(1)
included
.
Inventories—At the Lower of Cost
13,373,669
-V;
•
—
Year—.
subsidiaries
/
.
1945, 16,500 shares; 1944, 31,000 shares)
-
of
$
prop-
at their U. S. dollar equivalent
of $3,727,737 and $1,556,186,
at December 31, 1945 and $4,175,198 and $1,179,013, re¬
spectively, at December 31, 1944. Other assets of such subsidiaries ag¬
gregating $5,282,941 at December 31, 1945 and $5,326,829 at December
31, 1944 are included at parity of exchange.
Net income of Canadian
$112,621,368 $108,703,828
Stock—At
Treasury
End
1944
___$ 13,618,188
unessential
Sheet
28,816,270
1945, 177,958 shares; 1944, 167,958 shares
(Including stock reserved under Officers
and
Employees v Stock* Option
Plan—
'
-
*V\
>a
1945
Receivables, of Canadian subsidiaries have been converted at
the official exchange rate and are included in the Consolidated Balance
31,727,847 $ 30,409,097
—
'
Less
1944
and
respectively,
Total
,
-
9,656,545
•
Surplus
1945
Current
'
1
■
27,806,725
at
Deposit
J
30,133,484 $ 33,972,396
Securities—At
Cost
(Market
Value—1945, $27,808,743; 1944, $9,660,648)
Capital
31,
-V-■■■■•
•
disposal of
NOTES
723,903
;
■
Receivables
from
1
,
600,483
6,791,988
8,544,211
Capital Stock—The Borden Company •
Common
$15
par—Authorized
8,000,000
shares; Issued 4,417,958 shares—'66,269,370 $ 66,269,370
Capital Surplus—,*,———
13,836,192
13,618,188
•
December 31 aaaA
Marketable
Dec.
3,079,099
•
..
Capital Stock and Surplus:
1945
Ended
—
11,189,195
Balance
Reserves
Total
;,;a -aa;
1944
,
Current Assets:
Years
^ascribed
.
ASSETS
v.aaaya'^
Cash
(•'
Consolidated
erties previously written off against Capltal
Surplus,
and
fair
operating
values
to other such properties
adapted1'
to some operating use..:
,
—A 3,667,859
Deferred Retire'
—
Purchase of
For
President.
Reserve
7,593,435
8,394,436 $
Year Ended December 31
Proceeds
Replacement of Depleted Normallnven-
tories
G.
the
of
1
2,317,493
,
THE
$
Balance at Beginning of Year—
of
......
325,445
_*_$ 32,515.806 $ 28,816,270
—5
!•*■.
■
Reserve—
——$
1,616,061 $
charges for losses on disposal of
1
property—1945, $701,432; 1944, $227,692) "V
"
Directors,
per
1*.
.
Board
7,267,990
7 770,725
Year—
13,835,025
(After
report is ^submitted by order of the
-.11
■
.■
Statement
Reserves:
>,
-
during
—
13,696,000
38,520
—
Non-Current
Total
■
.
7,623,711 $
;
$
Contingency
THEODORE
$1.70
purchased
.
1951
Other
the pages which follow. Also appended is a number of
special articles about the company for the information
This
and
,
Good-will
End
at
appear
on
.
1945
—_$
——
Total
Balance
•
of
In
1944)
of
.•the year
•
maturing
1950;
.
-
—27,897,499 $ 24,697,992
Notes
40,910,242 $ 36,409,705
tuv
,
:
_
and the
year
Serial
annually
$801,000
in
the
$
—
*
9,987,994
'
Deduct:
,
,
_
1944
28,816,270 $ 26,421,711
12,093,972
Total
'
*
.
"
Financial statements for
$
Year_.
____
Non-Current Liabilities:
Surplus
1945
Balance
3,553,045
5,277,201
Current- Liabilities—
Earned
St/'
<
3,480,828
Other
Total
Consolidated
1944
,
Taxes—1945, $25,-
1944, $22,500,000)
of
For the Years Ended Dec. 31, 1945 and 1944
>
Profits
Excess
700,000;
1
~
.
—
;
,
Year Ended December 31
aAaA.;;AAm'A<
^A'V.r\
1
——:
and
1945
AA.f
(After deducting Treasury Savings Notes
equal to accrued United States Income
''V.;
Statement
.
19,139,470 $ 16,706,158
serial
'
*
Taxes
;v
AA ;
.
Payable
current
maturities
notes, $801,000 in each year)
Service,
'
,,aA,
December 31
.j
...
(Including
citing the work of our divisions and the company as a
whole. In addition, the Department of Agriculture pre¬
sented "A" awards to our plants at Chester, South Car¬
olina; Macon, Mississippi; and West Branch, Michigan.
These awards were for food production records, as were
the stars added to the "A" flag previously presented at
Bainbridge, New York, and to the "E" flag at Plymouth,
Wisconsin.
■. y.;j/
Liabilities:
Current
issued
advertisement
liabilities
sound
Forces
1417
advertisement
advertisement
'.
'
costing
inventories
out
Income.
V
;
last-in, first-out method has been employed
of certain
products in
order
to
reflect
current
Tot?U Current Assets——-—$106,784,715 $ 98,698,511
,. "j?
;v
/, \ ]} \1 v', 4". /
'
'<v."
.
r
C/
THE
* <i; j X'^
and* Domestic
Investments and Non-Current Receivables:
Foreign Affiliated
United
States
Bonds
on
Companies,*,,,;
and
Canadian
to
1,796,027
s"
f.
it
>""«
»
■
■■
S ' '"1
1
"
•
*
'
v, ' A- •••-; ;
'
'
•**".*1
Reserves,,——
./
*
8,185,473 $
■
■
.
.
Non-Current
9,680,223
K
1945
Other
6,879,612 $
•
:
<-
•
v
...
•
*** * s
1
63,238,706
:
,
;
...i
.
.....
4
876,544 $.
i
„
$460,404,766,.$411,851,960
The
'
1„—
Federal
for
and
Other
Public
Borden
Taxes
solidated
(Continued
from
26,912,898
evidence
made
for the
and
for
-
h
depreciation
$6,448,415
charged to
1944.
for
f
operations
"-'7'.';''',,1
in
made
was
cumulative
convertible
425,000 shares
tion by an
a
8
of
($50
($10 par)
80,000 shares of 4%%
par)-preferred
stock of
common
stock
The preferred
at $19 per share.
Company will receive
ceeds from the sale of the
The
per
preferred
annum
part
each
at any
1,
priced at
was
$50
holders,
of
agents,
and
preferred
$51.75
per
at
any
into
dilution)
First
is
entitled
to
from
of the pro-;,
dividends
date
of
at
over
common
share
plus
to
common
and
stock
conversion
National
in
dividends.
time .up
at
and
the
issue,
of
rate
payable
414%
quarter-
Bank
of
stock
in
voluntary liquidation to
involuntary liquidation to extent
Convertible
including
of
price
the
of
Chicago
one
at
the
day
company
$22
per
to
Investment
and
the
of
sell
■
1
option
prior
to
(witn
of
the
date
of
provisions
share.
Transfer
and
Guaranty Trust Co. of
York.
Registrars, Continental Illinois National Bank & Trust
Co.,
Chicago, and Irving Trust Co., New York.
New
,
application
to
list
common
and
Chicago,
we
<
our
its
Its
with
400,000
shares
1945,
be
were
Anderson
on
fixed
been
we
Dec.
The
PURPOSE—The nfet proceeds
to be received by the company from the
the-preferred.stock (est., $3,975,861), together with approxi¬
$62,000 in cash from general corporate funds, will be used to
purchase 475.00,0,,,shares of
its common
stock
from. Southeastern
of
Investment
^iv(ist, Inct,
one
of
the selling
,-A.V-. ;-r-\
to
28,
on
by
date,
OF
between
stockholders,
.
v
at
the
total
sheet
balance
at
28,
an
Feb.
from
the
agreed
price
same,
by
the
proceeds
purchase of
subject
acquired
by
date
J. Steve
at
an
to
as
sell
of
a
of
price
at
of
delivery
to
the
underwriters
of
the
condition
of
pursuant
shares.
agreement
ment
by
v-'ith
Feb.
dated
the
Dec.
company
28,
of
1945,
Feb.. 14,
Southeastern,
$12,250
plus
19, 1946, which elapses prior
400,000
shares
of
common
stock,
$1,100
to
1946,
now
offered
,
respectively,
each
the sale
agreed
to
•Vi'
■
sheet
balance
surplus,
earned
RASKINS & SELLS,.,i.
,
by
day
4V4%
stock
the
.
the
to
thus
1946,
to
,
for
underwriters
would
company
purchase
pay¬
the
date
of
of
might sell 225,000 shares
and
$3,825,000,
from
GIVING
EFFECT
($10
Jan.
to
stock
31,
its
$50,000
(par
1946,
*80,000 shg. Vi/.jA 80,000 shs.
1625,000 shs,
Feb. 25, 1946, the company filed amend¬
incorporation. as,.itheretQfpre amended which
stock from 800,000 shares of common
capital
to
1,080,000 shares,
convertible
stock
reserved
March
for
and
of
common
of
4,000,000-; "
i
*1,000,000 shs.
certificate
$10)
cumulative
'
Outstanding
$50,000
^
4,000,000
par
authorized
its
upon
175,000
FINANCING
PRESENT
TO
due 1946 to 1956
pfd. stk. ($50 par)
conv.
stock
that
Southeastern
stock for $4,000,000.
common
preferred
(par
of
3tock
which
80,000.shares are 4Yift.X,
(par $50Wand
1,000,000 shares
stock includes
The (.authorized; common
$10).
for
issuance, upoi^ conversionJof^^he preferred stock.
1946, 181,818 shares of common stock would be re-,,
8,
conversion
of
of
ail
the' preferred; stock. •'
'
•'
tExcluding 175,000 shares to be purchased from Southeastern Invest¬
ment Trust, Inc., by the company.
DIVIDENDS—The
414%
cumulative
The
board
of
dividend
annual
requirements
convertible preferred
directors
the
of
stock
are
on
80,000 shares of
$170,000.
presently intends to declare
an initial quarterly dividend of 25 cents per share payable on or about
June 30, 1946, on the common stock of the company.
HISTORY
;
beginning
granting, the company an
thereunder, and
its obligations
perform
that Southeastern
payable to banks, due 1946.
cum.
Common
As
by
;
to the
Southeastern"
change
15,
which
serial bank notes,
quired
which
in consideration of
for
income,
1946.
March
in
3%
shares
which,
,
Jan. 22 and
consolidated
net
Authorized..
are
The
$7,750,000
securities
to
notes
*On
upon
prospectus."'
examination
auditing standards
auditing procedures
News |1H
time
shares of its
changed
200,000 shares of the company's common stock
being now offered,
are
being sold to the underwriters by L. H. Prichard, were
originally acquired by him in
1930
in
exchange
for his stock in
Anderson-Prichard Oil Corp.
(Okla.), valued bv the company's directors
at $250,000.
The contract to loan $11,000,000 will be cancelled
and
of
sale
ments
$11,-
pursuant
with L. H. Prichard, he would sell the
shares, on or
29, 1945, to any purchaser L. H. Prichard
might find.
this
1946,
common
Bank,
the 400,000
loan
any
400,000
price
consolidated
$7,825,000.
company
agreement dated Dec.
Southeastern
from
J.
Steve
the
all
^;/4'
3%
the
aggregate
Anderson
of
the
to
National
the
Southeastern, it being
that
the
accepted
Included
accompanying
of
f CAPITALIZATION,
15, 1946, 400,000
Southeastern did
First
loan
to
*
if
aggregate
1945,
and
Our
statements.
generally
STOCK—
which
the
consolidated
^iv;';>
opinion,
15,
such
Southeastern
Southeastern
before
or
obtained
from
of
resolution
a
capital
COMMON
1945,
Southeastern,
stock
common
By, amendments dated
sale
Street
york
necessary,
which procedures were applied by tests to
deemed appropriate in view of the systems of Internal
v::y.
the parties further agreed
author¬
company,
buy,
bank
originally
the
agreement
to
the
Dec.
stock
the
applied
of
had
prior
the
of
financial
with
circumstances
statements
extension
or
on
retiring
Dec.
owned
dated
held
by
COMPANY
subsidiaries
common
contract
shall
to
BY
that
its
Feb.
depends
to
proposes
the event the company was required to
purchase
thereto
28,
to
of
such
accordance
the
considered
extent
of
support
in
:
without reducing the then
stock of the
company.
dated
to
stock
contract
a
shares of
such
agreed
prior
which
stock
common
and
amount
,
mately
44th
INSURANCE!- MISCELLANEOUS
-
annual
April, 1946,
effect a reduction
common
Inc.,
common
sale
LISTING—Company has agreed to make
stock on the New York Stock Exchange.
East
new
examination
an
New;:1forkj^ebrvary.21,
-
,
Company
meeting to be
that they adopt
the
of
agreement
Trust,
them
Company
at
PURCHASE
an
company
000,000 in
Sept. and Dec. 30; redeemable as a whole or in
30 days' notice at $52.50 per share on, or before
thereafter at $51.75 per share, plus dividends in
per
share,
redemption,
against
stock
none
shares of
PROPOSED
Pursuant
not
Thursday
to
company
number of shares of
ized
4
stockholders
first
the
175,000
shares
common
stock.
common
share cumulative
time on
1948,
c&se;
extent
of
per
March, June,
.March
.
the
'
underwriting group of 60 underwriters headed
by Glore, Forgan & Co.
t yearly
and
INDUSTRIAL
-
to
the
enabling
the corpora¬
; $51.75 per share and accrued dividends and the
*
recommend
about
March
1
income, earned surplus, and capital surplus for the year
date, have reviewed the accounting procedures of
the
have examined their accounting records and other
in
applicable
$6,758,104 for
was
;' ;C-
•
9,987,994
11
r
purchase price of $4,000,000 in addition to an
upon
the date such -shares are purchased.
Anderson-Prichard Oil Corp.—Stocks
Offered—Public
offering
during
.'V.-f
and
and
capital surplus, with the notes pertaining thereto, fairly present the
financial condition of the
companies at December 31, 1945 and the
results
of their operations
for the year ended that date,
in con*»
formity
with
generally
accepted
accounting principles
and
prac¬
tices applied on a basis consistent with that of the preceding year.
$448,310,794 $401,863,966
Year—12,093^972 $
*'
Provision
1414.)
page
com-
■
and
.^ontrol. !%*'<:::■
23,497,827
7"
Net Income
not
made
was
In
—:
PQBLIC UTILITY
-
affiliated
received
-
Accountants
^|^g||Geiieral|Corporatioii" and Investnent
RAILROAD
include
$310,000
were
"
*
not
and
Company:
that
ended
related
Total
$179,776,182 $172,843,311
have
companies,
the
on
—
.
,;—
,958.560
1945
a
foreign
dividends
no
'
,
.
does
1945
Borden Company and Domestic and Canadian Subsidiary
Com¬
panies as of December 31, 1945, and of the related statements of con¬
„
Income
.1 $
—
companies
~
■
■
for
The
fth'i'jj*'*
Total
Income
Net
612,904
"
Trade-marks, Patents and Good-will,^
which
i
v
•
~
Consolidated
RASKINS & SELLS •>".
:
Certified
138,140
Cost of Goods Sold
,,$387,146,019 $346,247,021
Selling, General and Administrative Expenses
: ^
^ and Other Charges—
;
33,222,100 ' 28,613,365
Interest s Expense**—329,777
.■'.•■>■'■305,75.3;
Provision for Wartime Contingencies and
Transition to Peacetime Economy^,—v
2,500,000
Provision for .Deferred Repairs and Maintenance
700,000 ^700,000
provision
-
Property and Equiprrient,:,^—65,235,310 $ 64,839,491
Deferred Charge? ?;
reserve.
of
622,727
1
-
115,893
-
"Total
Less:
8,346,748
•
v
valuations established by- the
company)^ >* •
•
Less Reserves for Depreciation—
66,000,856
(Based upon above property,valuations)
S
from
panies,
•j: these years.
»
this
to
Statement
ACCOUNTANTS' CERTIFICATE
$131,236,166 $128,078,197
—
$588,760
The
Company's share (approximately $580,000
1944) in the net income of unconsolidated
for
1944
of
(4)
the
1,333,475
(Principally at cost, but in part at .lower
Net
?
We
,_$
,,,,—
Equipment—
vision
1944
Re¬
,
.
production,, may be carried at the previously established last-in, first% out valuation.
In 1945 the Company added a further estimated pro¬
Year Ended December 31
Interest, Dividends and Royalties———,^ ;
692,069
Rentals, less Expenses of Properties Rented
or Unessential to Operations,*—,—,—141,924
4,768,763
.
,'
1
;. 1,305,861
and
31, 1945 and
■
Other Income:
:
Property and
Dec.
Net:'SaleS',_l,,^-,,X—,—_^„»i,—^,C—„_„_$459,454,880 $410,478,189
2,113,861
—3,824,951
'
°
$
ceivables
Ended
Companies
Income
.
,—*,
Investments
■"
Subsidiary
Consolidated Net
Laws, etc.)
X v"i
Net
the Years
"
Canadian
of
cost of production in cost of goods sold. In the
years
1942,
1943, and 1944, as an extension of this method, a reserve of $3,079,099
provided so that the quantities by which normal inventories of
these products had been depleted, when restored
through subsequent
was
COMPANY
Compensation
——^
Less
For
—1,666,823
Total
and
Statement
Government
Workmen's
and Milk Control
Mortgages
<»,
1,001,572
;
Deposit—1,889,616
(Pursuant
Other
804,083 $
BORDEN
ware
May
AND
19,
BUSINESS—Corporation
1930,
and
(Okla.)
properties
Company
has
Prichard
Refining Corp.
acquired
company
the
shortly
and
two
and
wholly
of
incorporated
was
thereafter
business
it
and
owned
in
Dela¬
its .subsidiaries
Anderson-Prichard
Oil:
p.orp,
subsidiaries,- Anderson-;
Pipeline 'Cor&nfuv:-
Anderson-Prichard
The company, directly or through its subsidiaries,, is engaged>fiJrincipally in the production, purchase, transportation, refining and market¬
ing of crude petroleum and products derived therefrom, including
THE COMMERCIAL & FINANCIAL CHRONICLE
thp
tni'pirnincr
also
rnmuanv
the
of
and
rievelonment
development of Interests 1111^1
or interests in prospective
lands and other activities in connection
hll^df ^the'oil ^d'eas n^ducing1 properties
Sfisphnfi imtiJ"?-
/mrinanv
icasenoia
for
hoth
include
vears
last
the
compared
'
"Atlantic's
Atlantic
with
,ved coach"service, effective March 15, following authorization by
in
1944.
growing
are
-
/'
„
Co.,.
Insurance
The lifting
'
'
and
•
,
»
/.■.//';:///,//
'./
*
•
'
'/■ '■'// Shares
—
—
•--:
19,900
5,000
«Si Co., Inc
—
Merrill Lynch, Pierce, Fenner & Beane—Blyth
Btoiie
19,900
Operating
i
9,900
Weftheim
&
—
Davis
H.
9,900
tof
ibe
5,900
Kalman & Co., Inc
,
5,900
Kebbon, McCormick & Co.—.-—.
j/Carl M. Loeb, Rhoades & Co.——
The Milwaukee
". Maynard H,
Co
Jaffray
Brothers
&
Co
Ames,
Barret,
and
Co.—
&
Co
3,900
,R.
Robertson & Pancoast_—
J.
Edwards,
3,900
—
Inc.——
.«
McDonald
&
Co.——
•'
;; Newhard,
.
Cook
& Co
—----,v
—
Itauscher, Pierce & Co. Inc..
;
/Jtiter
I.
&
Co
Singer, Deane St Scribner—
Sullivan
Harold
&
E.
Collins
Richard
W.
3,900
.
&
&
Clarke
*
V
T'.
Corp.-
r"
"
v:
$782,873
664,359
,
V 129,877
-
1943
1944
$1,106,931
572,599
,
,
? '
-
370,330
165,216
19,064
*
•
1022,
p.
/
'
'
,
in
March
on
This
13.
loan
is
* '"
\
?
f
\
si'}
*
'Z
f,'
Sv
'-U'
C
'
'
'
'•
\
';////
■::■
for> 1945
shares
con-
Report—Extracts
' '
:
"
_
of
equivalent
was
stock
common
$9.52
to
outstanding
share
per
in
the
on
hands
the
2,984,994
the
©f
public
at"
amount equal to the dividends'
for the year on the 7% cumulative preferred stock/as compared
with/'
j$9.93 per; share for the year 1944 on the same number of shares
•
an
.
of
common
stock.
/.The
,
the
estimated
net
estimated
net
'
-
billed
,
,
value
of .products shipped and of otherclasses of business done by the corporation during thc year 1945, is'
$1,326,568,896 as compared with $1,746,733,127 during the preceding
year.
■
'
> j
*" **
s,
the
corporation
;/000,000
orders
with
during
hand
on
Dec; 31,
of
amount
aggregated
1944.
-
Dec.
The
31,
1945,
ship
and
of
business
booked
$554,000,000,
estimated
$1,249,000,000 on Dec,
of unfilled orders on
value
net
amounted
31,
1944.
hand
to
$468,000,000,
Of
such
31,
Dec.
repairs,
during the year by
compared
with
$878,value of the unfilled
as
billing
1945,
net
$213,000,000
with
compared
as
compared
as
estimated
billing
for
was
$906,000,000 on
1944,v The decreases r)f business booked and In billing values ;
orders
reflect
cancellations
of
contracts
following the'
unfilled
of the
war
and
also
the progress that has been made
/toward the completion of the Government's shipbuilding programs. \ v
In Dec., 1945, Bethlehem Steel Corp. offered to redeem on or before
termination
Dec,
1945,-all
29,
or
any
part of the $2,820,000 purchase money
bonds of Bethlehem Steel Co. due Aug. *1, 1998 (which/
by Bethlehem Steel Corp.), at the price of $2,250
mortgage
6%
had
/
assumed
been
each
for
i I\/,r
i
Corp.—Annual
the;end of the year, after deducting
work,
war
$3,246,034
are exclusive of sales under Government
Steel
ship construction
its
$4,739,980
.estimated'net income of the corporation for 1945 was $34,947,-''
as compared with $36,167,723 for the preceding year.
The net/
116,
'
remaining balance of
a
1946—2 Mos.—1945
$1,621,516
The
eight-year-serial
by
covered
is
1946—Month—1945
—$2,380,630-
—
1945, follOWS:
Powder Co:
Atlas
eight-year term loan which
by three banks, two located in Philadelphia and
City, effective March 7, R. P.
Page, President,
York
New
Newark Property—>
of
bond,*
$1,000
plus
bonds. accepted
such
/ cancelled,
leaving
accrued
the
interest.
and
offer
outstanding
the
at
the
end
Holders
bonds
the
of
of
$1,906,000
redeemed
so
-
were
$914,000.
year
The
acquired the Eastern Airlines' hangar, at / premium on the redemption of such bonds ($2,382,500) was charged /
; Newark
(N. J.) Airport.
Ground occupied by the hangar has been
The reserve to provide for a possible decrease in the market'prices
leased from the-airport. ■
The new pro'perty will be used by the Babb Company for servicing
; of certain
raw materials and supplies and consequently a decrease
in the replacement cost of manufactured products amounted
as of
and
reconditioning planes and it
is expected that operations will:
Dec. 31, 1945, to $23,700,000/ (including an aggregate of $22,500,000 :
begin in May of this year.
Babb will move its warehouse from;,/
/ which was set up in such prior years), which is equal to the estimated
/ Mineola, L. I., N. Y., to Newark, where storerooms, sales and services
This
2,900
1,900
._j.,
-
Ry.-~Earnings-
1945
$1,021,290
Beck Shoe Corp.—February Sales Up 46.8%—
Bethlehem
cumulative
(Charles H.) Babb Co*—^Acquires
3,900
—
in
<\ "
3,900
Co
3,871
70,137
from the Annual Report for the fiscal year ended Dec/31,
.
.3,900;
——
Co.
$8
Corp.
-
3,900
.
..
;
;
NOTE-—These' figures
.tracts.—v. 163, p. 895.
.
.
"
3,900
—
Co
Wood & Co.—*.
Woodard-Elwood
Julien
^
I—;
—
(A. S.)
$6,493,500 which will be automatically
proceeds of a final settlement with the Govern/ merit that is expected soon, Mr. Page said.
The new bank loan has
been arranged in order to finance the company's expanding'commercial
business, especially* through the transitory period 'when
the uneven
flow
of
materials
makes
higher
inventories / unavoidable,—V.
162,
p. 2010.
' :///i /"/
j
..
3,900
"
—:
&
'
Period End. Feb. 28—
discharged out of the
3,900
w—-
—^
Co,.:
Simon
M.
w—■.'
Gardner
/ T
from
preferred stock not "owned .by itself,.; '/income
$8
of
share
one
participated
there
3,900
'
Iteinholdt &
Corp;
Darco
of
/ notes bearing interest at the annual rate of 3%.
.*
Of the V-T loan with which the company' financed
3,900
>
3,871
51,941
$102,687
—V.; 163,. p. ,774.
Exchange
1946.-*-V. 163f
25,
one
3,900
i'-w--
/Z.""'.
debentures.
t
.
Stock
Darco
V announced
3,900
'.'Pacific Northwest Co
^.—,_u—a--—_
Peters, Writer & Christensen, Inc._.
—————
""
is
■:
,
3,900
-—
:v—
.
The company has arranged a $4,000,000
3,900
^"Mullaney, Rnss & Co._„————
A
,*'f
1946
railway
$855,076
Net front* railways—^ v/
490,654
Net ry, oper. income./^ •
5 ,238.946
Autocar Co^ Ardmore, Pa.—Arranges Bank Loans-v-
.
3,900
-—^
lioewi &
1
,1
3,900
Co
&
*'
Dewar,
May
3,900
———
7,914
$176,694
1278.
Sales
3,900 $
•
series
on
The
3,900
f
——
$168,780
"
8,047
$182,132
Beaumont Sour Lake & Western
■
5,900
——
basis
of
share
,
3,900
<?<■:,——
.
r
enable preferred .
the event the company fails to *
in
$174,085
...
January—
'
an
'
York
New
Von the
5,900
1,300
——
directors
two
Z*-
income
charges- —_t_„—
Gross
common stock for one/
preferred • stock subject to the
following limitations:. >
»•' ./-iv
w '•
,
v
(1)
That
the
holder of
Darco
Corp. preferred stock will also •"
transfer to' Atlas
Powder Co., along with his preferred stock and
:« without
additional compensation, all shares of Darco Corp. common
•.stock held by him, and
1
■
--i • - *
r/j/
*■''•'* * J
(2) That this offer shall; terminate at the close of business on
5,900
—
——
elect
to
-
.
the articles oT incorporation which will
to
for1 shares of
•;
5,900
t
5,900
——
Bosworth, Chanute, Loughridge
j Dempsey
V
1,300
—
u——
Emerich & Co., Inc.———
Fitch & Co., Inc.——
Boettcher
•*.
5,900
E. M. Adams & Co.—__————
*
5,900
5,900 I
1,300
■
————
Hopwood—
&
6tern
5,900
1,300
Murch & Co.—
...Pacific Co. of California—-—
Piper,
5,900
1,300
——————-
—
on
1945
$1,999,738* i $2,106,815
1,490,732 i 1,550,706
/>'- 334,920 / .387,329
1946-
Net' income
has authorized the listing of 1,863'
/additional shares of common stock
(no par) upon official notice of
issuance making the total amount applied for 397,279 shares.
•.
The issuance /of 1,865 shares common stock- was authorized by the ■
/directors Feb. 6, 1946.
"/•*- * * -The offer involves' the exchange of Atlas Powder Co, common stock
5,900
/ 1,300..,.
—1,300 /
——— —
1,300 /
vote
and
',r
Co.)
^
income
-V. 163, pr.
1
,
consider
to
asked
be
'•( 1
.
V '
1—
income
Interest
preferred stock in any material respect adverse to holders can •
adopted • without approval of at least two-thirds of the holders.— '
The
5,900
———i——
Gross
Atlas Powder Co.—Listing of Additional Com; Stock
5.900
,.j?irst. 1 California.." Co.—
L»~,—Z 1,300 ;
; First of Michigan Corp.
—r---/': 1,300
Graham, Parsons & Co.-——------—--1.300
The Illinois Co._—
1,300
y
,
5,900
.Estabrook & Co
'
1,300/z
-Farwell, Chapman & Co.—1,300
.
par).-
to place the company in a position. V
working capital and* provide funds,
V. 163, P. 774/ "
I
5,900
.
will
Operating
Fixed
-
Coach
'
expenses
L-L
—
Non-operating
preferred dividends equal to fix quarterly dividends and that no
amendment, to the articles of incorporation changing the provisions^
9,900
1.300
1,300
-1,300
its
Baltimore
pay.
2,500
---<—',
is
to
'
also,
stockholders
shareholders
9,900
add
loans,,
expenditures.
amendment
9,900
& Sons.—
Brown
/Paul
9,900
bank
capital
The
~
9,900
(
William Blair <& Co—-*
Alek.
9,900
the proposal
of
purpose
fund
to
for
2,500
^,500
---—■
!—Z——
Company;
Co
Wisconsin
The
The
9,900
2,500
2,500
w. C. Langley & Co.—
Spencer Trask & Co
Tucker, Anthony &
'?«
the company's indebtedness from time
not to exceed $50,000,000 in the a'ggre- !§
increase
to
by additional amounts
pas-
„
gate. / The/company's indebtedness now amounts to $25;000,000. ex- >
elusive
of
indebtedness contracted in the usual course of business.'
,
9,900
"
'
proposal
a
to time
19,900
& Co
Weld
-upon
19,900
Corp,——z
———-.J———* /
'A. C. Allyn '& Co., Inc.—
;
—-------Z!././;
Central Republic Co. (Inc.)—
— ;
Securities
Webster
&
White,
upon
Co.—Earnings—
Opea*ating- revenues '
-Taxes
The stockholders at the annual meeting May 7.will be asked to vote
.
19,900
5,000
5,000
5,000
2,500
2.500
Drexel & Co..—————„_r———2,500
Eastman, Diilon & Co
———————
2,500
"Hemphill, Noyes & Co.————--———--r--,:;2,500
Honiblower & Weeks—.——_——-—
--——-2,500
*
102,000
,
ends
\
.
15, 1966, and
Series B ($100
Transit
Z'. Month of January—
Plans to Increase Indebtedness—
39,900
"Glore, Forgan & Co.—:—
'
of
shares
Shares
2%%" debentures, .'due Jan,
cumulative preferred stock, 3.60%
20-year
000,000
Common
Preferred
restrictions
(Including
.
.uauieo.
these
Baltimore
underwriters '-• named below have severally'
net * premium
income of these two -affiliates last
year
amounted Jto
agreed to purchase and the company has agreed to sell to them
$2,142,000.—V. 163, p. 1152.
f
t,t
V ■ - *,
severally, ac $j0 per share, the number of shares of preferred stock
set
opposite such underwriters' names,
and the underwriters have ;; Atlantic Refining- €0. — Listing of 2%% Debentures
severally agreed to purchase .and certain stockholders of the company,
and 3.60% Series B Preferred Stock—
have severally agreed to sell to them severally at $17 per share the \
number 01
shares of common stock set opposite such undeiwiiteis
The New York Stock Exchange has authorized the listing of $25,UNDERWRITERS—The
-
of
senger'traffic operation during the war and the railroad is now free
to operate, convention specials, party groups and other special services
as fn peacetime.—V, 163, p.
1152.
^.1
,v
substantial increases In busi- ;;;
Mr. Winter stated. ^Combined
rapidly,
,W
/!*'■all limitations put
banned by the ODT as a war,measure.
with
companies—Centennial
....
,
.
all
1945,
swar.
compared
Indemnity Co.,—showed
and
1945,
marine
$708,000
affiliated
two
Mutual
in
ness
of
$13,131,000
to
„
,s'jme tim5 ^ 8 4 0
an}Y.1U ,1.est.oie and. New. York,service_ between Baltimore routes New York,
and heretofore
Washington sleeping car <
and Detroit and Dayton,
valuations for
$3,200,000 -compared
disappearance
declined
$723,000
•
.
than
more
the
year
Claims
fin
.
Pigi»es f°r both years include guaianty fund,
end of
Lifted-
Outers limits for advance reservations of. sleeping car, parlor car and
:have been issued by this company canceling all restrictions
on time
fund
euarantv
with 1944. •:
>
risks,-premiums written
$15,415,000 in 1944.
paid; during the year, amounted to .$6,577,000 against $5,902,000
preceding
year.
Participating
dividends paid increased
to
With
such
in
of
lncrease
10,000 barrels per day
production, exclusive of royalty, overriding toy
y,
and other interests owned by others in the same, production.^ Apprqxi
mately 80% of such production was derived from wells the;
f tion
of
wnich
is prorated under
orders of State regulatory
which orders are subject to change from month.to montn.
At the present
time the company has producing properties m the
.States of Kansas, New Mexico, Oklahoma and Texas.
approximates
interest
Fifftfres
in which the company has./ .
Total assets, based on .Insurance Department
day, of which ', - securities owned, amounted to $27,757,000 at the
14 . 500 barrels per
flDuroximately
Restrictions
on March 4 by William D. Winter, Chairman
This, compares with $12,176,000 at the end of the
and is the largest policyholder surplus ever reported
public
board.
previous year,
*
^thyite biwtoeM^ ,by the company,
oil and gas
■
ment made
exploration,
proven
the
in
engages
tTrid
and
ni-mnsii inn
acquisition
Incl-
asphalt.
oil and
fuel
distillates,
kerosene
nanhthas
raso*ire
'L,t-h>
Monday, March 18, 1946
corporation /has
-
,
Hei'onymus
L
Co
&
1,900
•
Hurd,
W.
'
Lyons & Co.___!-^^.————
Clegg
L.
&
Co.—
CONSOLIDATED
income-.-.
Operating
Deplet.
'
'
■
,
will
Years Ended Dec. 31-—-
-V/
1943
$13,555,282
$12,086,061
9,890,070
9,889,613
464,016
284.081
208,153
208,877
246,641
j
236,240
883,521
664,492
615,640 /'
•
470,648
income
oper.
"..v," •: t•''
$2,292,320
$2,016,347
$1,049,627
$960,421
8,959
25,896
12,980
bef.
$2,042,244
$1,062,607
$1,181,429
Federal
income
Other
income
•••'
taxes-
72,898 <" />
taxes—
33,518
Z
secutive
year
Other
dent;
V.
161.
11
President,
as
officers
William
elected
M,
was
//.•••;.
reserve
Steel
re-elected
B.
LaFar,
7,741,295
6,790,888
362,748
184,161
Z San
for
the
$2,215,038
Contingent, charges-—.^/
7,204,275
Net
60,000
income
Deprec..
8,021,845
Z
8,056,935
7,241,082
),660,319
1,675,520
to
of
over
that
some
risk
insurance
reserve.
The
set
/,y
additional
of losses,
estimated
when
tota( inventory value.
materials,
such
their
income
up
;
,
provision
sup¬
normal//
and has /
//
should
be
increase of Z
added to the Z
approved an
amount
so
from income.
new
subsidiary company,
organized in Delaware and
Bethlehem
Coast
Pacific
acquired from Bethlehem
plant, Seattle plant, South San Fran¬
the fabricating works at Alameda, Los.Angeles and South
was
(Pa.)
the Los Angeles
;Francisco
Part
and
some,
23,683,433
struc.
defense
of
inc.
"Deficit,
<«
_
1,055,274
:
proj.
taxes
SELECTED
BALANCE SHEET ITEMS
.....
AS OF DEC.
,
.
.3
28,909,468
3|
1.945
,
,
other
miscellaneous
properties
and
also :
dismantled
(
the
at
Leetsdale,
owned
The
year.
by
net
the
Pa.,
as
well
various
as
corporation
amount
were
received
sold
for
such
was
Dec.,
Union
,
Works
properties
during
substantially' less than ;their net book value and the
difference
($1,559,034)
was
charged to income in 1945.
'. / "/''R
In
Dec., 1945, Bethlehem Steel Co. settled a suit that had been
pending against it since March, 1943, for alleged infringements of
patents over a period of about nine years. The cost Of the settlement
was approximately
$2,000,000, which was charged to .income.
y
I ;
properties
In
1944,
.
Leetsdale
1945,
.
corporation
Shipbuilding
Co.
acquired
located
all
the
Fairfield
at
physical
(near
properties of
Baltimore), Md.yZ
small plant lor the manufacture of oxygen and also in-/
$
? "
! $■'■ ■
Expend, (gross) fof additions ^ betterm'ts (road)
8,663,801
'
!' /eluding the land,. which, was - formerly, .leased by that company to
Bethlehem-Fairfield Shipyard, Inc. (a subsidiary), and on which is
Expend, (gross) for add'ns & betterm'ts (eqp)
18,842,013 '' 1
1
located the greater, part of the shipbuilding yard formerly operated
Investment
in stocks,
bonds/ etc.; other than //
those of affiliated companies.
by that corporation under contracts with the.U. S. Maritime Corn¬
!
97,284,308 103,538,050
s'
: Other unadjusted debits
mission. ;it is expected that such yard will be used by-the corporation
i
1
6,559,739
6,128,475
in the assembling and prepartion of iron and steel scrap.
Cash
•
38,324,115
33,697,784
SELECTED ASSET ITEMS—
'
5,331,309
v
://y///-/^ •/ /
*
—
12,315,262
572,829
/ ■-•'/,
y
/
the
of
miscellaneous
other
$12,857,503
12,507,645
18,657,670
545,508
:_Crl6,062,402 C;T,595,487
<fe
(way
"S3,586,942
Vice-Presi¬
Treasurer
a
value
1945
acquired all of the properties of the Pacific Coast Forge Co.,* another
$2,268,176 $26,655,050 $27,355,058
"$11,293,916
equipment-!—..—:/;
Federal
eighth con¬
■/•,?//// /-//*
Executive
and Norman L. Witt,
■; -/■'/./'' ...v;
*
deducted
was
Corp.,
Steel Co.
1,120,177
1,277,531
the
believing
the
During. 1945
$1,887,240 $43,833,982 $49,389,673
669,653
of
«
1945—12 Mos.—1944
*$1,511,855
income
/ Total' fixed' charges-/-
30,371
$904,775
60,000
•»
Arthur
were:
Byam, Secretary,
1194.
p.
'%
inventory
end
1945 for the increase in
$1,500,000: in
1945-ZMonth—194$
deduc, from inc.
Amort,
March
on
7"
;
or
$843,408
&
Holmes
A ^
H
the
the
subsidiary company of the corporation.
Angostura-Wuppermann Corp.—Election of OfficersE.
) }
at
from
directors,
cisco plant,
154,566
60,000 ;
Andrew
Si,
deducted
been
$1,217,587 $37,043,094 $41,648;378
Miscell.
461.
p.
r
of
excess
products
All such/reserve was, charged
made in
Ohio RR.—Earnings—
&
//-• 91,715
37,796
$1,931,396 /
Dividends
163,
46,582
134,819
1
33,800
$2,047,915
—V.
/
*V 15,226
62,103
146,666
...
•>
and
The
income,^.- "$2,800,959
income/'^
1,289,104
Total
deducts.>
deductions—
\ Ki '
1
i
oper.
ry.
Other
V.?'liM./
Income
plies
Z cost.
the
of
amount
'
-
■// 221,007
$2,301,279
income—
Income
i
{
Period End. Dec. 31—'
Net
Non-operating
■'
-
,
)t
Baltimore
>
amort
l'
'
\
^
.
Net
overhauls;
company
;
1
.
service will be rendered at Newark, including.
reconditioning.; And reconverting.. Moreover,//the
expects to supply storage facilities for private planes to the;
aircraft
complete
,V;:public/ ///■/'"//V;r.;/.riy
277,979-
Deprec., retirements and
other
be available.
/ motor-
$11,834,903
10,201,547
942,967
Depict, and lease amort.
A
>
1942
9,869,343
costs
devel.
STATEMENT
1944,
$14,196,305
charges.^*.!
and
INCOME
Dec. 31, '45
;
.
1,900
11 Mos. End.
.
,
1,900
'*
'
-
including
a
,
*•
Associated
Public
..
Utilities
Corp.—To
General
Properties
'
m'Ohio and Kentucky—
See
Sell
w
Telephone Corp.
below.—V. 163,
.
,
186.
p,
,
A
streamlined,
will
be
tages
5,000
over
stainless
pounds
cars
Santa Fe Ry.—New Experiment—
now
use
experimental refrigerator car which
and which will have many other advan¬
is expected to be put in operation on the
Net
j
-
6anta
Fe
Ry.
by
mid-1946, it
was
announced
March
on
13
by
G.;
F.
President.
Gurley.
Designed
Consolidated
by
Corp., Ltd., the car is under con¬
r»t that company's Los Angeles, Calif., branch, where it is
scheduled to be completed by May of this year.
Mr. Gurley said the car was designed to make best possible use of
the
A
Preco
new
to
car
by
circulating fan.
,
convertible bulkhead
be
built
in.
This
Preco.
Insulation
water
will
vapor
will
be
blanket
resisting
Superlite
papers,
a
applied
minimum
Atlanta & West Point RR.January—
Net
—V.
simple,
lightweight
is
tailored
the
in
in
combination
such
a
way
with
that
thickness.—V.
reflective
1278.
:
1943
1944
$325,852
$489,679
$455,683
$408,259
24,667
164,234
165,474
7,046
31,343
31,734
40,370
20,736,233
'.■/<:• 72,895
receivable.—10,854
receivable
accounts
—
.
current
assets.—
debt
—
maturing
bills
6
165,386
—
within
206,607
132,452,988
135,336,530
'
months..!.!,
'
car-service
and
.
'
______
balances
wages
■
(Cr)_—8,817,991
payable.—
$3,039,433
$3,963,440
payable..:
accounts
10,482,911
6,072,857
'
7,500,000
3,688,010
18,194,903
2,974,727
4,624,118
S.
tax
liability
Other
tax
liability
Other
current
p.
895.
cohipany
$13,609,000
as
Total current
Other
81,674
10,952,147
10,503,380
35,296,088
343,480
543,661
1,599,768
2,206,749
.
reports
of Dec.
31,
surplus
1945,
for
protection
according to its
of
policyholders
104th
annual
of
state-
liabilities
liabilities
unadjusted
$64,407,871 $86,062,077
credits—....——18,162,845
14,661,194
"Includes payments on account of principal of long-term debt (other
than long-term debt in default which will become due within 6 months
after close of month of report.
fNo excess profits tax refund bonds
are
124 of the Internal Revenue Code,
which the deductions for the amortization- of any
facility may be allowed for tax purposes does not begin
/ until after the completion or acquisition of such facility. As indicated
;
in .previous annual
reports, corporation adopted in 1941 and since
:
then
has
consistently followed the policy of making in each year
some
provision out of income for the amortization
of emergency
J
facilities even though thev have not been completed, with the result
that the total provisions that were made for the amortization of such
facilities * out' of
income during the years 1940 to 1944, inclusive,
exceeded the amounts which were then deductible for the purpose of
computing Federal income taxes during the same period.
Under
the
V the period
/
emergency
provisions of Section
over
'
assets
186,257
income.—
8.101,219
27,168,051
14,744,465
U.
1945
Atlantic Mutual Insurance Co.- -1945 Report—
Thc
Audited
88,796
,
dividends
and
and
■
& conductors—6,338,661
receivable.—17,176,638
supplies.16,854,582
agents
Miscellaneous accounts payable
6,409,720
Interest matured unpaid——13,505,616
Dividends matured unpaid—__!___„81,469
Interest and rents accrued: /_!_—!_!/—
,/ 8,401,982
maximum
163. p.
^
*1,912,051
/ -
accounts
and
and
Traffic
wall
receivable
from
SELECTED LIABILITY ITEMS— V
Loans
45,500,000 ' 33,000,000
/, 1,879,878
current
"Funded
and
to
railway.._!
railway.
oper.
163,
Interest
Total
-Earnings-
1946
from
from
Net ry.
Materials
tOther
,
insulation is achieved with
Gross
is
bulkhead
receiv.
Miscellaneous
/
which
type
operate
bills
and
bal.
Accrued
Steel
struction
easy
Special deposits
Loans
steel
lighter
in
•
Investments——_
cash
Temporary
Atchison Topeka &
included in this account.-
,
' /
/
•
"
,
/
amount which the corporation and its subsidiary com¬
expended from Jan/ 1, 1940, to Sept. 30, 1945, inclusive, for
facilities and which they, respectively, have claimed or
expect to claim as deductions from Income for amortization under
the provisions of such Section 124 aggregate $124,121,236,. in
respect
/
of
which
provisions for amortization aggregating $71,104,770 were
deducted from income for periods prior to 1945 and a provision for
the balance In
the amount of $53,016,466 has been deducted from
income
in
1945.
In preparing the Federal income tax returns for
.the years
1941 to 1944, inclusive, $48,822,911 in the aggregate was
deducted
on
account of
the amortization of emergency facilities.
It
is
estimated that * upon the recomputatlon of the amortization
deductions which is required by the early termination of the amortiza¬
tion period the
aggregate amount that is deductible on account of
amortization of such facilities in such years is $82,330,069,
leaving
$41,791,167 that will be deductible on account of amortization of
such facilities in 1945.
The additional amortization-deductions that
may be made for
the years 1941 to 1944, inclusive, Aggregating' $33,The
total
panies
emergency
r
,
•
•
-
-
h;U
,:A„.
/[Volume 163
.507,155,
imately
give
1945
■
as
income.
on
rise
to
The-
,.
$136,465,786
548,948
for
for
compared
as
1944.
paid
the
those
approx¬
capital
which
shares.
years,
'
•.
provided
or
out
,/.k.vY
:v
of
income
-.-
for
and
age
railroad -retirement
profits
excess
-
taxes,
compared
as
with
the
corporation
•- -\ r ■/■•'.
•
/
Cf. Andersen/Frank P.
from
1,471,012
shares
2,500,000
to
,22.
Payments inr 1945, were as follows' April .2, July 2 and Oct. 1, 25
cents each,
and Dec. 24. 47 .cents in cash, plus a special of $1.27
payable either in cash or stock, at holder's option.—V. 163, p. 896.
.
B&temanr- Charles' Crouch, Enos Curtln,
_
The
company
SEC" for
$98,-
The
,
shares
filed
7
of
$2.25
registration
a
convertible
statement
preferred
with
stock, (no
the .net
proceeds
Rortion
a
the
14
the Renegotiation- Act of
the businesses of
companies for 1944, with minor exceptions, has" been com¬
with the result that it has not been necessary on that account
change" in
any
the
financial
statements
the
of
be
corporation
-:1944VS-^?
91.7%
averaged
_1G2.8%
in
of
;
1944.
their
rated
i
11,831,610
corporation, in .1945,
CONSOLIDATED
steel-capacity,
will .be
tons
net
compared
as
steel
of
with ,13,262,348
net
CV--'-..,7;.-:
-.v.;
;.
1945
■/-, /
Net
the
S
-
depreciation (except-such
is
as
included
c
:--;Y
.
Possible
;
decreases
Insurance
y
in
Unemployment,
All
other
old
plan
railroad
j
except
Federal
4,002,400
notes
and
of
100,000
shares
increase
to
shares
4V2
to
cents
cents
64
full
'.'■■■
Dec.
31-
revenues
and
before
the
Norge-Heat
1943
Prov.
shares,
Fed.
stock
and
Mr.
snlit-u"
there
initial
E.
Blood
S.
production
of
would
a
Davis,
had
also
divisions
Gear
operations
1,546,325
1,540,746
103,395
104,124
103,128
1,427,000
oil plant
taxes
(no
tax
1,412,000
1,183,000
990,000
ex¬
pay.)
3,449,362
3,530,756
3,554,596
3,484,135
$3,740,876
$4,389,850
$4,338,510
$3,977,046
—
Operating
Other
69,153
were
Inti
been
head
and
the
/
unit,
output
Mr.
of
m
59,672
36,662
Drl,962
$4,449,522
$4,375,1^2
$3,$75,084
2,214,583
2,460,000
2,477,694
200,902
209,460
196,310
$2,082,481
$2,034,037
$1,705,712
$1,301,080
968,973
:V/'/Vr $2.79
559,023
372,682
372,682
$2.29
$1.75
long-term debt-
on
income
1,520,401
deducts.
"
217,493
>■
income
Net
Dividends
Earns, per
President/,
the parent
director.
79,498
$3,820,375
„
to
an¬
of
a
(neti„_v
income
Miscell.
unit
President,
named
new
include
;
new
income
Income
Gross
establishment of
Bloqd is
Detroit
projected
the
profits
Other
approved
and
1,731,936
1,551,219
1,962,415
light
inc. .taxes
cess
common
1,617,308
1,557,585
103,380
for'depreciation—
cor¬
-
—
——t;
share" outst.
"
-
'
"
$2.73
several
'
im-
COMPARATIVE
•
BALANCE
SHEET,
DEC.
•
,
' 6,404,650
1945
,
on,
expect
we
result
in
introduce
to
several
radlcdl!y-new
Cash
products
Federal recess profits' taxes-u—
now
$
93,445,326
3,020,428
2,113,407
—
1,354,500
2,567,920
products were manufactured by ; the Norge division
through Norge's heating and conditioning department.
Special
tax
notes-————-
-
91,519
.
this
"For
381,805
3,008,642
14,600,000
possible
44,600,000
;
Cr2,400,000/
we
,
*83,600,000
for
-
in
moment
next
fall's
Net ineome
—
$34,947.116| 6.537,209
;
-
Preferred, dividends ;paid^,-*--r-^.-.
Common
Earned
dividends
in
order
overall
•Revised,
paid
on
i—i;
17,909,964
stock.
common
$9,52
tlnoluding provisions
;
Roy
;
17,909,964
.
make
to
C.
division,
$9.93
large
for
for depiceciation of certain classes of
specialized
Total
pro¬
market
and
recently
deferred
assist,
in
563,119
567,357
113,919,469
much
as
—_T„
quantity
possible,
as
112,605,379
^
-
LIABILITIES—
"^Common capital
y:
t
-
'
'
-
President ' of.: the
that
in
program
this
corporation's " Ingersoll
division
anticipation
of
has
the
launched
Accounts
Steel,
a
increased
demand
Federal
4
Other
42,000,000
bond
2,160,985
interest—
deposits
income
taxes
disc, coulters
j
"
aecrued
ASSETS—
389,498
851.414
268,961
accrued..,
278,747
*
512,213
>-
Cash, demand And .time-deposits/in banks*/;w$96,096,464
U.
S.
Government
tTax
refunds
obligations
at
cost-,*--w 151,764,917
receivable.-o-v-
receivable
rtAccounts
Accrued
and
int.
&
Unreimbursed
facailities
:
from
misc.
accounts
expenditures
for
departments
acct,
or
of
S.
2,096,239
teeth
113,490,646
being
37,801,244
contr.
755,278
932,583
for
!
6,681,710
4,498,912
Investments in cap;-ial stocks of and advances
to subsidiary companies not consolidatedInvestments in capital stocks
of
and
advs.
instalmt.
Discount
D.
S,
4,320,187
4,221,001
mtgs. & defd. receivs.*.'3,497,69 4
335,486,046
contra &
fixed
sale
on
of
bonds
obligations
;
Advance
(trade)
——
payments received
payrolls L——
taxes.
Accrued
Ind.,
plant,
steel
center
is
by
Capital
.
for y
pf
January-*-
^
-V,
/ 2,985,384
1128,730,516
18,285,00.0 /
-
•
V;-1946 '
,
*
s%n$
Gross
on
sales
contr.—
———-
1,312,806
>
46,750,734
64,215,072
—1,484,990
-
3,434,928
146,104/439
12,282,303
2.018,707
Amounts payable for taxes collected from
em*
1
>
ployees and others
-^*2— ! " 4,605,870
$155,802
March 42
on
decided
.
able
.
within
Special
one
and
ore
Funded
payable
Bonds
■
^
162,
2938.
p.
1946.
sinking
one
stocks
'
2/355,774
Jan. .2,
debt;'-j-"r-0-
.
Insurance
redemption
payable
Earned
Common
stock
33,299,448
/
stockl—'
————
Surplus,
T.
•
common
•After
075,053
■
93,388,700
93,388.700
283,574,430
.144,756,008
net
and
1944,
profit
the
*'
/v;
/ '
directors
March
on
8
declared
an
dividend
extra
of
2V2
cent3.
share and the usual quarterly dividend of 2 Vz- cents per share oh ;,
capital stock, par $2, both payable March 20 to holders of record
March 13.
Like amounts were paid in each quarter during 1945 and.
1944.-—v.
162,
p.
*"
2938.
*
Blair & Co.,
The
March
"
~
;
'*
.
>
•/
at
/.'•,./•;>•-v'-j/i;
'VV'-V^'V-V
their
annual
r'
meeting
'
held
in
New
York
Affiliates
consist
of
crued,
:
during
loss from
sales
in' bank,
in
$1,040,752
in
cash
and
all
—V.
securities
to
$20,547;
securities
market-value
cost,
capital
$5,743,125 h
shares
(260,860
/ ;■
shares
surplus,
$4,214,177;
V;-//; /'/'/
..
no
$57,525;
sales
total,
;
—V.
to
Accrued
£
-.
Reserve
ac*
1945
$5,002,905
3,277,630
$2,467,427
p.
reserves.!
3068.
-
■
shares
common
-
-
-
-
-
v
The
y
1,362,481
149,823 y
not
current-
79,758
258,646
307,406
88,244
—
timber- rights,
33,048
>93.868
.
'107,312
etc;--.j-_r.«»
203,031
-202,934
equipment ,(net)r*.
1,690,903
1,698,204
$6,409,580
$6,991,601
and sundry—
$300,458
income taxes withheld—*—27,948
-vt 29,379
—
trade
taxes,
State
etc
income
$269,879
129,363
168,023
taxes—-*—__i_——
5,000
35,000
income taxes———
454,521
811,700
177,108
214,202
1,041,400
gross
profit
on
sales of cut-over land
--7;
>,30,644
11.164
Terminix
stock
preferred
(par
279,400
650,000
stock.—235,800
$5)__*___
_____
//;
650,000 :•/
2,355,672
surplus.!,.—1>091'624
1,095,138
/;tl"/
'Total
«
p™.
188.
^
£
$6,409,580
$6,991,601
b
Budd Wheel Co.—Declares Extra Dividend—
'
The directors
-.
and
a
have
declared an extra dividend of 15 cents per share
regular dividend of 15 cents per share on the common stock,
both
to holders of record March 19.
Payments of 15 cents
made on March 15> June
12, Sept. 14 and Dec. 1, last
payable April 1
:
1944
$241,440
$1.57
$1.46
were
year.—V.
162, p.
2938.
.
Burlington-Rock Island RR.- -Earnings—
1946
January—
Gross- from
Net
from
railway—__
railway
—
Net ry. oper. income.—
—Vi 163, p. 775. :y
1945
1944
1943
$245,457
$241,908
$117,279
$220,839
73,495
83,671
54,275
71,665
21,731
40,154
24,651
39,161
■>;.,'/ /'
■
/".;
•
3road Street Investing Corp.—30-Cent Distribution—>
the
508,534
32,705
Burry Biscuit Co.—-Registrar
/
610,-306
558,928
—2,289,069
/
$258,507
taxes.—
ana
145,310
on
500,000
;//•
secured
163,
1945
charges
share
?/
$1,987,751
■
188.•-
after
.
June 30,'45
surplus..,
each
-
SHEET
Paid-in
2,535,478
$2,494,903
$1-23
Earned
Ltd.—Earnings /
$5,772,533
depreciation, amortization and capital charges.—V.
;...../-.•••.".r.:'.
BALANCE
indebtedness—*—**
—
cumulative
•Common
"
$4,260,082.,
'
44,144
4"'%
cumulative
3 V2%
total,
.
$1.13
,
accident insurance,
_______32,684
retreating expenses—— '
10,905
preferred stock—
' 1,005,100
for
for
7%
••
per
of
plant- and
for
of
$3,95.3,025; "
:
$204,106
41,501
$1,310,825
accts.-*~less
for Federal
Unearned
par),
J946
789,000
Dec. 31,'45
charges^.
and accounts,
Provision
$4,-
expenses
73,926
;
.
,/
$188,753
40,025
CONSOLIDATED
accounts,
payrolls,
l
Manufacturing Co,—Earnings— ;.u-■■/':.//,>>■ '/./y/*;
profit
162,
/
__i„
Calendar Year&—
Earns,
>
—
$1,047,032
1,515,299
property,
—'V. 163,
/ .•Net earnings
and
and
Employees' Federal
.
expenses
•Subject
stock—
certificates
/LIABILITIES—
Accounts payable,
receivable,
of
116,579
/.
66,973
684,000
hand.
on
notes and
Reserve
(estimated), $8,125; sundry
$239,890;. earned
3068.
p.
Operating
Net
Total
;:;/
surplus.
162,
% %
notes
.
dividends
proceeds
V
.
/\
and
Provision
1945
and
after
127,184
deferred
31,
'
interest
at
590,550
$939,726
*
Total _'—*—'
$42,-
Dec.
////.' ;, //.;/;/Z^/
Month of January—
v
Gross earnings from operation.
the
stock of Pepsi-Cola Bottling Co. of Los Angeles.
The
bottling .company has an exclusive franchise for the manufacture and
distribution of "Pepsi-Cola", in four southern counties pf California.
At the meeting, stockholders also voted to increase the authorized
amounted to
1945
of
$950 453
■.yJyS:'•
-ASSETS-*- -'•
notes
losses from sale of securities/ '/
or
BALANCE SHEET DEC. 31,
'
$1,517;
paid-in
outstanding
$591,712
>166^950
,
/'/ $425,797 ; '$424,762 V
$429,779
securities
LIABILITIES—Tax liability
Brillo
approved the acquisition by this corporation, of all the out¬
standing capital stock of Pacific Affiliates, Inc., a California corpora¬
in consideration of 468,552 shares of Blair capital stock.
The
Pacific
/
$812,542
130,000 shares
on
Total land,-* timber,
•
■/ 260,082. -f
on
2
of
of
'
profits
net
$372,255. V;
»
3I_!„*
account
sales
investments
pp..1153
•'*
tion,
assets
Dec.
^rights v< approximate
Inc.—Acquisition & Stock Increase— /
stockholders
421,933
174J76
742,031
109,312
.
/.:>/■
■
Total
6,983
$600,573 v
1,541.003
•$0.03
Total
$169,779
Brazilian Traction, Light & Power Co.,
per
the
■
$25,358;
:/,!'/?'-• "/-r>-.''
Bishop Oil Co.^—2%-Cent Extra Distribution—
The
-/;,
$604,556
1943
$7,205,392
1,466,041
653,500
Inventories
15,129
424,761
r
;/
$7,403,077
Sundry :/acpountajefleivable*i;.^_**j;i_L.***L;/;:/101;176
$175,812
-
174,776
from
133,342,750
$3,474,000 in 1945 and $3,326,000 in 1944;
§At>;
/cost,-after reserves in respect of certain of'them to reduce bc-ok
//values of estimated realizable, values of $446,000 in 1945 and $552,000
'Hla 1944. - lllncluding U. S. postwar refund bonds, $1,154,016.—-V'. 163,./
P. 1153. ■
,;i:/*;;
7,795
y
accumulated
totaled
283,574,430
of
reserves
8,126
,
''■>•1944 ::-:
.$157,917.
preferred
share
"
425,797'
1
""Surplus income
663
9,500,000 •'
for depreciation of $562,680,076 in 1945 and $496,tlncluding $21,707,058 of U. S. postwar refund bonds,
reserves
in 1944.
fAfter
.
'
COMPARATIVE
,
$191,891
\
*Z 7 /'
$48,604
general' exps.*
—
^Deficit;
.
1943
14,991
Yi $178,759-
/.*•• •Before taking intp?
10,171,777.
—_$880,879|749$J,031,914,197.
'
i-j
1944
$198,598
__._
// ' ASSETS—Cash
Total
,
and
Total investments.*-*
-Total- surplus; .'
Dividend^; paid
The
011
per
Customers;
14,559
Previous / surplus
.5.644,345;
33,299,448
11,000,000
12,293,606
reserves—
preferred
/
i,634,302 :
6,879,267
'
replacement
,
:
;
admin,
Dividends
~
-i-*—•
1945
1,. 66,805'
exc/prof, taxes*/
54,500
:: %..
•
Net income__L_______*i__i____,_.^'
$36,612
Land
$201/444
Net; income
"t62,724^555
payable
(& Sub.)-r-Earnings—•
790,635
Cash in banks
1945
ProVy fo» accrued Fed. income tax-/
1,857,946'
1,634,302
120,881,970
pensions
reserve
cumu.
31-
■
■
-
Dec.
Jncome. from, securities,.-,——.i*
2,
—
reserve
23.,000'000
2,807,832
—
Jan.
/
-
.
<
"Deductions
1,079/642
7,500,6OO
for
and
•after one. year
"
845,146
Ended
1,077,437
'/p":'-' \ :
66.
p.
Frov. for inc/ and
instalments
1945—
compensation
Contingent
2,129,277
year
called
dividends
and
Accident
fund
Bruce Co.
163,
Operating profit
U. S,
Years
1,167.124
3.074,632
'...p'f•;•;;//^
by "the company, in'part
Boston I*efsonal Property Trust—Earnings-
?:LV- -'■■■
3,560,000
ccrporations——
and
stock
-
4,660,000
compensation
fund—
subsid. companies not consol.
within
and
Z Funded
Vessel
pay-
;
year„
mining
debt
Preferred
/
pensions
incentive
Indebtedness to
'•
and
'
1,167,124
4,117,999
■
113,919,469 112,605,379
shares.—V,
par
Total. income____+
Miscellaneous /expenses
discontinue'the
to
*
-
Miscellaneous income—.,
Boston Insurance Co.—r55-Cents on New Stock—
—V.
8,697,970
—
compensations
construction
profits
Selling,
'
Accident
'
1,200,389
3,444,104
practice/ of
quarterly, and
the balance as a special dividend at the end of the year,
and; to
establish in place thereof a regular quarterly dividend.
A quarterly
dividend of 55 cents per share was declared, payable April 1 to holders
of record March 20,
This is equivalent to $5.50 per share on the old
$100 par capital stock which
was split-up
earlier this year on the
basis of ten new shares for eaoh $100
par
share held.
In addition
to quarterly distributions of $4
per share
paid on the old stock, a
special of $4 per share was paid on Jan. 2, 1946, and on Jan. 3, 1945,
$49,640,060
-—,-—/34,155,746
accruals
$3,288,302
2,645,526
119,158
'
132,234
■
V
no
(E» L.)
504.871
;
2,191,965
——
—i
■Net:>-sales^L^—$4,641,007
$3,347,928
$87,000
directors
451,900
——
745,364
several T
772,491
26,514,394
27,662i809
-
surplus
Total
162, p. 2636.
disbursing dividends declared
_
Six Months Ended Dec. 31—
loss
The
15,917,200
$35,470,879
3,329,995
aid'of
1,104,809
460,491
Earned- surplus
.
•:s i
in
replacement
•
llj74o'714
Interest
of-soft
^
-
Accrued
Other
Newcastle,;
•.
$880,879,749$1,031,914,197
—
Accrued
:
at
production
Boston Elevate By.-^-Ear|iingsw r
Net
2,044,284
:
at cost—-----profits; taxes-L-— '
/ Assets; set aside for replacement of vessels—
—
735,268
V
2,975,018
deposit with Fed-
on
and State agencies,
Postwar refund of excess
LIABILITIES—
Accounts payable,
Also
enlarged
Total*, income
/Total eost of'service-.——-
.
383489,212:
—
oral
Total
the
3,973/372
assets--:
Govt,
_
»
Month
mining corps. (50%' or less owned)___/
^Sundry securities, unpaid bals. on real estate
♦Net
links.-
digger
lor
parts
Contributions
,
to
ore
ri:
potatp
Refrigerator
r
135,180,939
1,430,440
and
expanded
fence posts for the farm, the demand for which exceeds
times the -present - capacity to- produce.—V, > 163, - p. , 774,
•
5,904,452
^^--.—----—-*——,415^820^399
inventories
plant at Kalamszoo, Mich., has installed the most
equipment- for the production of weeder, harrow and cultivator
mouldboards, - plow shares, two-ply ensilage cutter knives and other
special agricultural steels. The Calumet, 111,, steel plant, also- operated
by : Ingersoll,' is increasing its ; capacity / for ? the production of steel
Government
..agencies—-;-.-*—--
Ingersoll
modern
42,480,504
receivable.—
under
U.
The
197,169,390
51,800,616
U. S. Govt.- depts.-l*receivable—trade-
notes
■
///^ •
45,72^,anl
Deposits lor redemp. of bonds and stock-*^-*:, ; 3,026,233
Accts.
1944 r
$97,078,823
877,697
593,097
—
'
V-/4945.VZ
,
.
31
115,962
269,028
1,119,704
—
taxes
1,297,059
100,010
-
CONSOLIDATED BALANCE SHEET, DEC
:
29,814.560
payable
Customers'
very 1
.
stock.——29,814,560
debt-i_-„_—41,090,000
Long-term
and/ others/parts wliiqhth^ company* supplies the / Interest accrued
v
; implement manufacturers, x /"
' "//
t
Other
current /liabilities—^— 1—
/ Under construction • at West FUUman,. 111.*' are a new disc- plant,
Total deferred credits..
which
will
increase
production capacity about 50%
late this year, f. Depreciation of
gas plant—
and a new rolling mill which will triple'- the factory's previous steel
Injuries and
damages
output,-, early ; in 194'/.'
•
*
Employees' provident reserve
1
.-equipment,;
1,202,338
debits.—
Total
Matured
announced
expansion
"to
available
housing,program,";^
Ingersoli;
'
1,768,873
1,196,514
-
^
and
merchandise
Plans Large .Expansion—
6.537J209
"
share
per
$36,167,723
enlarged
setting up a new factory marketing organiza¬
he. eontinued, would- be started-at the earliest
heating
the nation's
providing
are
2,353,760
1,819,372
unbilled--:
2,957,577
2,472,647
_____________
and
tion.".-Production,
$47,147,116 "'$3,34,367,723
.
reason,
facilities
1,000,000
1,357,834
deposits
.
Receivables'
Mr. Davis explained, "we realize that if we were to meet 1/ Accrued
utility revenues
potential demand for this type of equipment in new and existMaterials and supplies
ing housin g, a separate operation' waa necessary.
,
Prepayments,
4,065,485
2,250,000
1,000,000
cost——'——
at
2,234,707
2,054,480
_—
Treasury notes,
U. S. Treasury
the
marketed
■
-
1944
.,
95,834,541
—
great
savings to the consumer;" he added.;. These
undergoing laboratory and field tests.
duction
Net inoorae before Federal.' taxes—-—.-VFederal Income taxes-—,
31
,
wiH
-
>
Blood
.
redeemed-^-^—^-w-
1942
13,121,762
13,164,465
each
division;-C.
Howard
6.-
division:
the
for
under
13,596,311
1,671,659
the
Premium on bonds
Security
awarded
$26,255,189 $25,510,329 $24,948,753
14,885,338
■"However,"
5,255,044
;Othor':.lnterestv:^_^„ivW.-.i^^^-ii/;^-;':%-.-4,827,710: >7-Y:
a
share.
a
amount
1944
1945
$27,125,957
__
Maintenance
" f
the authorized
50(5,000
for
wew
majority of
individual
security
owns
-
are
-debt*—3,994,175
companies,
from
received almost the
plan.—V. 159, p. 106.
Operation
outstanding share held
distributable on or before Feb. 20.'
were
completed
the
Norge
that
which
$61,432,667 •$141,289,799
funded
and
March
cn
Previously,
on
shares
new
Nore^-Heat
-
1^.3,953,348^;,-^'3,646^10-:
Interest
150,000
to
Fed¬
by the City of
transit system.
city, which
although some
the
models of automatic, thermostaticaily-cnntrolled oii-iired fur- j.
ASSETS—
Total utility plant————
utility room and under floor heating units, oil-fired water heat¬
hers/and air filter'units.-; These will be built, to meet, the requirements 'll Total, investment and fund accounts——
of every 'home owner,> he.sald./
->
*
V. 1../ < >
-•
1, Funds resu for current indenture requirements
'$58,529,349 •$137,643,489
Tptat Trwome
voted
additional
been
as
"Later
operating
acquired
were
to
go
naces.
.
N^t
End.
Operating
proved
;
■
100,000
25,305,034 vi 23,505,593
dismantlem't of fixed assets >7/1,559,034.
< 3,740,594
or
known
stated
$€Uihg,,.adiniiL )aiid, Other
Loss on sale
have
Outlining
;;
de*
receivable.-
accounts
from
i
Feb.
on
accounts,
porations
.
Doubtful
last
nounced
23,450,483
Z|/:;/Y ducted below ^--L*^-L.^-^i>;^2^t-L':^;^V71612,245*,;v:/*14,815,303
•
receive
unification
Years
$6,608,451
Y-///:/%;Y'VY ■//
of two
The
9,
Plans
re-
taxes
8500,000,
Brooklyn Union Gas Co.—Earnings—
JJoFg* Warner Corp.-^-Estahlishes NewUniW.
.
be
.16,548,948
about
of
for unification of the
will
previously
647,
p.
plan
both
of
will
shares.of .common, stock outstandingly* 463, p. 307,
•5,200,000
-l-
taxes,
Feb,
on
1,500,000
7,043,986
and
age
taxes
$5,
par
the issuance
3,500,000
Z
/•'! Pensions (the corporation's
tirement
"stock,
21,000,000
4,200,000
>
•
company
assets
the
951/404
53,016,466
iaciUtie8_7__'!i*!A
inventory .value.;*--1
;/ Contingencies
will
started
funds
reserve
companies
the
money
holders
$1,328,000
$3,286,021/ $8,162,924
$4,086,885
896.
p.
stockholders
The
23,900,000
YY 821,633
)';P. Amortizing emergency
of the
of
the
holders
•/Booth Fisheries Corp.—Stock Split-Up Approved—
At
20,850,000
expansion program
the
Both
ago.
of
Amort, of
!
-depletion'
'
*
163,
__
YY'Yin eost of
approximately
& Co. .is. undemvriter—y.i 163,
Allen
Sales
—V.
billings (excl. billings between corpora.!!'•;! .1 .
:
in the consolidation)
1,326,563,896 1,746,733,127
tCost of billings shown
above—1,132,477,2Q1°1,484,923,861
Provisions for:
^
v
/.-/■/ tions included
complete the
proceeds,
•
,
1944.
'1944
•
to
the
of
terminated March 5 the receivership pro¬
and the Manhattan Ry. which, were begun
company
,
YEARS'
$
/.
by
in
tons
INCOME STATEMENT FOR CALENDAR
,•■>;/ -■/->,,:/■■/.■
M: w.vv
produced
were
utilized
of
distribution
the
part
as
Most
,r Bond Stores, Inc.—February Sales Up 24.4%— - ■ "';J
'Period End. Feb. 28-^- >//"/ 1946—MontlU-1945 / ; 1946—2 Mos.—1945
1
with
compared
as'
balance
the
in >1945./
* Operations of-the. steel-plants of, the corporation for the-year. 1945
;
Of
years
York
,
.•.)■:
notes.
Renegotiation, under
the
Judge Murray Hulbert
ceedings of
par).
price: to the .public will be filed by amendment,.;'y; / :/:-
Of
>
March
cn
100.000
eral
"
K
;
pleted,
make
Brooklyn-Manhattan Transit Co.—Out of Receivership
..
applied to the redemption
of the 42.109 shares of 6% .convertible preferred and the 30,096. shares
of
5 %
convertible
preferred and $1,500,000 will he used to retire
to
-
Directing
/(E. W.) Bliss Co.—Registers With SEC-~
for
subsidiary
'
1419
.
the
taxes
of
FINANCIAL CHRONICLE
Virgil D. Dardi, William H. Keesling, Edward D. Keii, George B.
Seager and James J.- Sullivan were elected directors of the corpora¬
tion.—'v. 163, p. 307,
"■Wp;
.^1' :>'/:•>
r,;>
corporation is $36,361,193, as compared
Such
aggregate
amount includes $16,-
old
stock
Jonas
$23,450,483 for 1944; also includes $12,200,000
and
-
of
amount
for
..
1944.
with
income
for
the
in
paid
taxes
..
unemployment,
Federal
200,000
refund
a
.'.
consolidated income statement for the
the provision lor Federal taxes based
in
•
for-taxes-of
THE COMMERCIAL &
in the
aggregate; amount
1945
to
Federal
...
„
with
1945,
in
reduction
a
year
for
right
a
$24,000,000
has been reflected
amount
year
Number' 4473
>
directors- have, declared a dividend of 30 cents per share, on
capital stock, par $5, payable April 1 to holders of record March
.
Appointed^.>/malih
The Chemical Bank & Trust Co;, New York, N. Y., has been appointed
registrar for the
V. 163, p. 1279.
$1.25
convertible
preferred
stock.-*-See:.offering
in
THE COMMERCIAL & FINANCIAL CHRONICLE
1420
"Wholesale
Retail
1946—2 Mos.—1945
1946—Month—1945
1,272,823
$10,601,845
January—
$15,063,497
2,437,196
$7,986,751 $16,484,423
1,181,060
2,557,736
$9,167,811 $19,042,159
sales
$9,329,022
sales
Canadian National Lines in New
Sales Higher—
Butler Brothers, Chicago—February
Period End. Feb. 28—
—'
—V.
163,
sales
._
896.
p.
California
railway
Net from; railway—
$17,500,693
#>#'::.# ##
;##,#
# '■
;
Electric
Oper.
revenues
Net oper,
Other
(net)
Interest
Other
(incl.
income
—V.
896.
163,
138,806
31,674
101,284
766,807
Canadian Pacific
Calendar
Gross
$254,121
$248,576
$1,379,398
$1,278,873
arranged
has
exps.
1, 1956.—V. 163, p. 462.
tion Plea—
earnings
;
_
1
"#!!
1944
1942
1943
(Guar.
"#
'"V
$ ''■■#
i
-
,
Exemp¬
'
r
RR. Commission has denied the application of the
exempted from the Commission's competitive bidding
ruie in connection with its financing plans for acquisition
of Eastern
Oregon; Light & Power.....
##• ■■
,#"•■:
The company had an agreement with First California Co. to sell
$1,370,000 of 3Ya% mortgage bonds at not less than par and 29,986
shares of bommon at. not less than $29.
•,TTTV.w■ ;■
;
f
'•
'^
,r
*?.
49,211,567
This
A.
Nek from
.
raiyway
Nek ry. oper. income*—
—V. 163, p.'775.
1944
$167,913
84,476
73,704
..
■
,
16,270,751
15,861,034
51,161,291
19,547,129
55.530,979
65,482,318
1943
$160,146
^ 47,781
: ,30,739
1
20.831J49
Chapman,
profit
»1
•
.s
*
"''--r'
*V.
<
:
Years End. Nov. 30—
fees
1944
Edwin
account—
*31,614,162
34,699,830
5,031,500
5,042,782
—V.
1
'
##372,740
_
405,255
V
G.
5,042,782
5,042,782
.
Net
funding
and
at
Chairman
the
of
board
of
Moore
' *,
*
«
'
#
J
.
' ''
'
* "
to
G.
^
5
'
'
' '
y
" 1 '#>
.J'
'•
9,037
(Earns,
of
income
*Includes
1,004,345.#
##'
Nil
investments.
from
CONSOLIDATED
ASSETS—Inventories
receivable
accounts
(market
bonds
in
vestment
portion
of
company's
reserve),
bonds
(at
$660,000;
LIABILITIES—Accounts
$30,104;.'preference
payable,
dividend
^
\i
Government
.
$2,063,523;
in¬
$108,500;
refundable
insurance,
:
prepaid
bond
refunding expense
buildings, plant and equip-
20,
mortgage bonds due 1951, $8,500,000;
Government
and
interest
bond
$1.25
of
]
,
$31,-
other
taxes,
accrued,
share,
per
payable
$191,855;
accidents1,
$56,800;
redemption
shares
of
repairs
contingent
$55,900;
reserve,
$100
renewals,
and
Hunt.
the
in
$350,000;
reserves
Co.
right
stock
East
'',1
#
1
Ar¬
500,000 shares
to sell
$200,000.
It is
offered in the United
be
Canada.
cents per
40
F.
share to net
#
has#
Marshall
R.
the treas¬
that he will later purchase
price or 40 cents per share.
same
Rochester,
Avenue,
States.
N.
Y.,
$400,000; preference shares
sinking fund cumulative preference
shares, (600,000 shares of
an
the
/...{•#
Co.—Stocks
headed
18
Offered—Kirkpatrick- 1
an
-
subscribe
to
stock
of
are
offered #
;
CONSOLIDATED INCOME
ACCOUNT.
1945
Profit
from
Other
income
operation.
l.
stock
to
offered.
group
a
of
The
shares
5,000
officers
to
the extent necessary,
•
to
#
•»
1
,
1943
-
114,273
49,466
$5,134,198
$3,388,788
will,
for
$9,829,100
Provision
for
Prov.
for
Dominion
taxes
-
and
land
buildings.
CAPITALIZATION
1
#
profs.
-
interests
1
j
*3,168,600
*1,886,000
GIVING
EFFECT
TO
PRESENT
'
- -
shs.
808,258
-
625,788
-
portion
of
profits
excess
;
A
571,482
1937,
$369,004;
$6,416,699;
accounts
and
investments
bills
in
receivable
marketable
(after
various
each of
$l*m.l29:
nmdryy.properties andsinvestments including interest in
company and subsidiary company not consolidated, at book
values (less reserves Li$1,139,172; premium paid on purchase of shares
of subsidiaries acquired since Oct.- 31,
1943, $3,128,945: total, $35,416.223.
'
;V
affiliated
and
248,640;
first
serial
notes
mortgage),
interest
shares
in
of
tributable
Dar
taxes
.
inventory
company,
value).
surplus,
$11,040,103;
$4,026,130;
January—//
less
total,
1946
$rom.)railway—$126,096
liabilities,
payments
Is
'
•
reserve,
$2,416,250;
thereon,
$332,968;
common
stock
$3,-
minority'
(1,735,791
raoital surplus, $1 724,571: dis¬
$35,416,223.—V. 162, p. 2267.
1944
The
'
.
Coarse paper and sundry
Stationery products
products
1941
Company
its
does
business
are
"
y
amortization
It was pointed out that Federal taxes for
$11,650,225 if the company had not provided
year.
been
1945 would have
for special amor¬
charges of $4,650,225.
Cash dividends declared upon, preferred
common stocks during
the year totaled $5,930,343 compared with
tization
and
stock
of
rate
of
the
for
$3,490,287
common
preceding
dividends
for
share
one
In
year/
paid
were
each
to
addition,
during
three
1944
stockholders at the
A total book value
common
shares held.
seventy
$2,142,917 was placfed upon
stock distributions,
sucn
outlining other phases of the company's expansion program,
In
the
stated
that
important
advantages are expected from
the
of Tubize Rayon Corp. into Celanese Corp. of America because
of the complementary nature of the businesses of the two companies.
report
merger
This
has been in line with the company's policy of develop¬
products, improving existing processes and opening
new
It is proposed to expand the production of viscose process
program
ing new
markets.
tional
opening new fields for fabrics of excep¬
from combinations of cellulose acetate
which should result in
qualities constructed
viscose process yarns,
,
_
stockholders that construction is nearing
completion on the new yarn producing plant of Celanese Mexicana,
S.A., which company has been Jointly organized with Mexican inter¬
ests for the manufacture and sale of Celanese yarns in Mexico.
An
interest
is also held
in
another company,
Viscose Mexicana, S.A.,
which has been formed in Mexico for the manufacture and sale of
informed
report also
•
# .# ■#/;■
v
STATEMENT, YEARS ENDED DEC. 31
1944
104.197,237
101,655.680
94,584,910
Cost of
68,925,205
4,604,091
68,351,240
64,936,380
4,294,848
4,200,664
9,779,024
8,988,118
7,656,915
20,888,918
371,846
20,021.474
17,790,951
248,768
250,312
$
■
Sales; less
disc.,
returns
&
allow.:'
goods soldwW#-/#~--->-r/-Depreciation —
gen. & adm. expenses—
Other income
—
Total
of.
,
income
Interest
Interest
on
Fed. exc.
50%
43
./
46%-- 46%
47
W':-
6
46% '
46
•*
47
J 8
111
##
18,041,263 "•
20,270,242
1,200.115 V 1,200,115:7:#
1,196,757
264,735 * •;# 291,437
# 310,555
21,260,764
———
—
debentures——————'
prem. & exp.
on
7
of debt disct.,
Amort.
535,556
profits taxes-
,
,
7
19,263,715
18.778.690
16,530,593
7,000,000
1945>
1944
1943
1945
Gross
11,543,500
10,255,000 >
"
Fed.
for
♦Prov.
taxes on income—.
Special amortization charges:
>
1,317,802
"
100%; 100% ioo% ioo% 100%
primarily
1943
as
wholesaler
a
and
ferred
common
and
by each are as follows:
the
supplements
and
straws
surplus at beg. of year—
Earned
Company
#
Chanute,
Loughridge
Rauscher,
Pierce &
Co.
Buffet
&
M.
of
*25 863
Lawrence
*86,675
*58,893
&
Eugene
C.
Douglas
~
Percentages
common
24.9
—
..
,
..
,
14,7
;
Inc.~ii—
Omaha
20.5
g.7
12^0
—
8.0
;
8.0
Company.,
Dinsmore—
Income
Total
—
23,344.694
21,442,135
3,230,502
786.593
2,753,102
437,427
1,153,726'
55,962
188,550
1,037,253
, ! 1,662,589
1,037.253
1,037.253
]'A 21,996,467
-
cumul. series prior pfd. stk.
cumul. series prior pfd. stk.
preferred stock
second
First
'
pfd. stock, $4.75 series
stock dividends——_
on red. of prior pfd-iv-i-/ ;
Prem.
Expense
Factory
———
1,173,053
rr*'
2,142,917
3,162,883
"
site written off————
^
—————
.165,629
200,000
#
3.8
—
of yearshare.
—
surplus at end
common
per
16,066,124
14,382,978
$2.86
$2.83
$2.82
tax
3.4
excess
2.4
JTo
5.0
:#
4.0
"
2.0
$6,070,000 in 1945 and $8,705,000 in
$870,500 post-war refund in 1944, and
•Including
3^8
7.0
,
Earned
Earned
16,109,504
3.8
after
profits tax, after $802,000
stockholders, March
common
'
'
'
/f./nVT.'.;
~
and sale of capital
re red.
stock In 1944
,vj£
tv+3
dividends:
.7'."#
Common stock „7
7 %
:
T—■n;;luv
Cash
JCommon
—8.0
«fe
taken
45.3
Company—
Greenway & Company—
Brinker
be
to
pre¬
preferred
Company—__■
*44.901
John
the
6,275,593 T
15,166,543
Inc./_^__,^#—_—ie.7
Burns, Potter & Company
Ranson-Davidson Company,
Company
shares
Percentages
>'#
—i.—.
Bosworth,
National
of
both
.
.
The
percentage
of
7,235.190
16,109,504
—:
(7%
v..
7,613,490
.14,382,978
income
paper
The manufacture
underwriters
L
Kirkpatrick-Pettis
the
of
names
stocks
$122,063
$115,502
but
Net
(5%
UNDERWRITERS—The
*70.926
percentage:
products sold by
1943
being operated as branches of the parent company.
of straws and paper bags is of minor importance,
$100,923
p.
than
more
:
.
>
and / special
taxes
-
and paper,
paper
operations are conducted at seven plants, five
by wholly-owned subsidiaries, the other two plants
owned
*125,331
163,
totalling
expansion
charges
amounted to $19,263,714 for 1945 compared with $18,778,689 for 1944.
Federal taxes were $7,000,000 as against $11,543,500 for the previous
Federal
before
Profit,
:
t
Manufacturing
*63.528
Deficit.—V.
r
business by the manufacture of envelopes,
paper
bags.
of which
*112,051
897.
*
plant
of
program
$50,000,000 of net additions since 1939.
3,332,423
railway—
frdM
stock
common
1942
53%.
41
n'- #
Net fyiioper.. income.—
Net
.#.
#
•-/
approximate
^
The
Vermont—Earnings—
1945
to plant totaled
follows;'. :V
as
products.————
paper
'
incorp. in Delaware Nov. 22,
Paper Corp.
The Company Is
"
serial debentures (secured by
$1,617,907;
Canadian Pacific Lines in
Gross
accrued
and
accrued
pavable, $6,409,654;
$4,600,000;
subsidiary
no
payable
profits
excess
consistent
a
net additions
that during'1945
compared with $6,292,445 for 1944.
The rapidly expanding
the corporation's products through the years has necessi¬
at
$1,184,277; inventories as certified by responsible of¬
$5,999,566? prepaid-expenses$418,021; refundable portion of
profits tax, $1>720,623}-investments in shares of other brewing
companies. $1,003,920; deferred charges, $453,692; fixed assets (nfet),
income
-
None
(155,000 shs.
was
descriptions.
accounts).
LIABILITIES—Accounts
tated
for
doubt¬
for
ficials,
..
Va.,
Selling,
■j:
the three clases under which the
grouped,
'•
Fine
excess
=
of
the Company are
1945
securities
reserve
Cumberland
1
10,000 shs.
r
315,000 shs.
to the Carpenter
the warehousing for sale at wholesale of
In
business
C
i
ASSETS—Cash,
the
(Including Domestic Subsidiary Companies)
Outstanding.
15,000 sfis.
-
-
BUSINESS—Company
successor
as
products
522,196
CONSOLIDATED BALANCE SHEET, OCT. 31, 1945
cost,
*
HISTORY &
$777,564
tax of $588,900 in
1
#
and $641,050 in 1944 and $334,500 in 1943.
ful
offered.
now
!
/
197,056
refundable
$864,267
1925, the first full year of production.
"A major problem continues
CONSOLIDATED INCOME
15,000shs.
conv.
engaged In
$1,271,285
in
increases
viscose process yarns.
FINANCING
# * Authorized and available for subsequent issue.
# tAssuming issuance of all of- the 25,900 shares'o*t:
1,194.000
43,932
368,080
dividends
*After
;
.
$2,294,347
preference
on
Common
106,797
541,536
-
-
increase of $2,541,557 over 1944.
the company's annual volume
over
each preceding year in
an
trend
various
as
at
report showed
demand
during 1945 In acquiring addi¬
balance will be added to working
The
pfd. stks., (par $100)—
•Preferred
stock
#
Common stock .(par ;$l),
cumul.
4%
$2,663,829
99,574
the
shown
#•."
Authorized
53.441
538,947
-
;
profit
Divs.
537,493
^6.005,583
Minority
Net
in--
#
156,821
808,609
deprec.—
& excess
come
352,480 >
-
used
be
$104,197,237,
have
Bridegwater,
$9,986,188,
expended
—
income"
Total
Interest
1945—The corporation at¬
last year and profits
sales
of
.
amounts
$2,610,389
;;
in
Records
volume
v
1942
$3,339,322
y
tional
proceeds
employed for the redemption of the old preferred
balance approximately, $500,000 will be used to reimburse
treasury
".capital.
31
#
,
In addition, Dr. Dreyfus pointed out, during 1945 the company
additional plant facilities including the Chemcel plant
near
Bishop, Texas for the production of chemicals; the purchase of prop¬
erty at Summit, N. J. for a centralized research laboratory; and com¬
pletion of Initial operations at the Staunton, Va. plant.
'
The
of
employees '
and
them an opportunity
t
company,
funds
replace
stock of the
•'
'
$5,019,926
186,411
■
...
Report—
1944
-
$9,642,688
-
YEARS ENDED OCT.
net
PURPOSE—The
to
the
Canadian Breweries, Ltd.—Annual
.Y
added
and
aggregate of 5,000 shares of common
There has been no firm commitment to
only
of the
employees
an
common
offered
are
securities
in
invest
for
share.
per
the board of directors to afford
approved by
par value), $6,403,905; earned surplus, $3,485,081; deferred surplus,
(refundable portion of excess profits tax), $330,271; total, $41,792,966.
—Y.
163,
p.
189/
;
v*
;
.
Dreyfus, Chairman; stated;
evident
at
yarn
and
no
'
:
•
plant capacity to meet the demand for our products,
greatly exceeds wartime volume. In this connection, the value
company's long range expansion program will become Increas¬
The
•
EMPLOYEES—Officers
TO
5,000 shares
common
common
/.y./
,
projects mature. These include enlargement
and Newark plants; a new knitting
increased staple fiber production at the
Narrows, Va. Plant, and increased spun yarn production at Burlington,
N. C.
A plant at Belvidere, N. J. which is being acquired from the
government will be used for the production of plastics and chemicals,
and a new filament yarn plant is planned for Rock Hill, S. C."
y
.
will handle
#
.
.
Feb.
on
$33.25
at
the
take
industrial
for
at
the
at
the
*'
treasury
shall
in
understanding
42
United
OFFERING
the
reserves,
6'/2%
$20,086,900;
each,
the
company's
shares
with
'
Canadian 'funds/
share,
registrant
in exchange.
(repayable in semi-annual instalments and balance due in
$345,000;
reserves
for
lire
insurance,
$750,000;
reserves
for
1948,
the
offered
shares
100,000
with
the
$1
par
a
414%
mortgage on Canada cement
building
extraordinary
stock,
underwriting group
which offered 15,000 shares of 4% convertible preferred
stock (par $100) at $105 per share and dividend..
At '
the same time 20,900 shares of common stock (par $1) •
were
offered at $40.75 per share.
The preferred stock
was offered subject to 10,000 shares being offered in ex-#
change by the company to the holders of the AVz% cu-V
mulative preferred stock. tA total of 9,935 shares were
taken in exchange leaving 65 shares to be taken up by #
underwriters in addition to the 5,000 shares- hot offered •
cash,
$556,063;
declared
first
$251,086;
for
net
these
same
Carpenter Paper
$2,139,994;
$833,y95;
par),
land,
Dec.
1945,
to
of
of
400.000 shares
P.
Pettis
total,
387,230;
share
,
shares#y;
(after deducting depreciation reserves of $26,624,703),
$41,792,966.
etc.
issue
$0.18
1945
30,
supplies,
unexpired
$69,650;
expenses,
written off),
NOV.
.
and
$4,199,803;
$330,271;
tax,
prepaid
SHEET,
debt
own
profits
other
(leas amounts
raent,
bad
$4,278,669),
Nil //#;
.
600,000 common
materials
cement,
(less
value
excess
and
taxes
BALANCE
of
(On
!;
Brooklyn, N. Y.,
Sterling will be
6.
' '•••
America—Annual Report—Sales and
three years since
facilities
mill
the
Frank
$1,412,727
$949,072
#
Nil
registration statement
a
common
made with
1,004,345 % 1,004,345 y; 1,004,345
&
—
share
com.
of
Co.
March
adequate
our
of
proceeds $40,000 will be usai. with the approximate $22,000
on hand, for further development
work, etc.; $150,000 for the erection/
of a flotation milling plant, and the balance will be used for working /
capital.
All funds are stated in Canadian funds.
———
$828,116,
$1,080,146
dividends
per
filed
6
of
250,000
250,000
$40,000.
Of
705,000 .' 2,175,000
663,000'
*
shares
per
that
additional
-
-
1,685,000.
income
Net
Preferred
33,714
and
profits .taxes-
•
continued
which
Camille
be
which
>
1
totaled
sales
Dr.
oc¬
•-
I
to the phblic is 60 cents
and
Subscribed
110,000
110,000
March
on
250,000
cents
40
ury
•
expenses
income
for
excess
110,000
110,000
company
intended
100,000
•}
.
record
gain
all but
Corp., Ltd., To¬
appointed a director to fill the vacancy
the death of Major General Frank S. Meighen, C. M.
price
States
1,113
2,333
100,000
re-
redeemed—
bonds
Prov.
bona
expense
Premium
on
—
of
* 1,175
100,000
405
100,000
*
fund
Proportion
775.
p.
Establish
a
sales
of
rangements have been
Mortgage interest ——
15,300 ;;V
17,300
19,300 -## 21,300
Depreciation —%/■ 1,615,000
1,625,000 # 1,750,000
1,825,000
remuneration.
92,467
91,616
91,110
90,039
Pension
on
■"
;
$5,576,000
has been
;
for
The
Executive
Legal expenses
Bag
announced
1
1945
1946
$5,699,000
Baker,
by
J'*
The
10,740
442,284
...
r
-sbWrtV
Chicago—Acquisition
were
42,982,718 .'40,354,267-
'
163, p. 1279.
'
SEC
$6,188,202
#/; 10,720
442,284
/'.J'..,
\,:M
-
Cardiff Fluorite Mines, Ltd.—Registers With SEC—
1942
1943
$4,179,809
10,800
•
-://#'####
"###
*
Canada,
casioned
y
#
'
$3,885,976
10,680
hi
___
interest
Bond
1945
-
$5,090,775
profits —
•Total
Directors'
163,
Profits
■'. «■'-
•
ingly
(& Subs.)—Report—
•
Sterling
acquired
President,
Celanese Corp. of
22,955,503
/ 738,953
2,1.795.836
703,764
earnings
ronto.
"I'
Canada Cement Co., Ltd.
$422,814
##7######v
64,048,723
'
r
,
$436,904
—...
has
company
E.
This
r.' 1946
$151,087
959,485
Despite difficulties in securing cotton cloth for textile bags, increased
imports of burlap from India, in a relatively free market, should result
in the best business year for Central Bag since
1938, Mr. Chapman
New Director—
1945
$125,036
63,271#/
.42,475
,# 87,295
47,862 "
railway—
—
merged into Central Bag.
48,187,689
12,371,315
dividends—
*
Traffic
"5-
#.
Cambria & Indiana RR.—EarningsJanuary—
29,930
"
V
-
———i.—
likewise the largest in history according to the
company's annual financial statement for the fiscal year
Divs. on ordinary stock
6,700,000 ' 6,700,000
ended Dec. 31, 1945, which was issued to stockholders/
-!
*Particulars
of
other
Income
are
as
follows:
Net
March 12.
Net profit after taxes amounted to $7,613,489
earnings from
ocean
and
coastal
steamships, $2,062,965; net earnings from hotel,
for 1945 compared with $7,235,189 in the previous year.
communication
and
miscellaneous
properties,
$2,333,877;
dividends,
$4,768,055; net income from interest, exchange, separately operated# The 1945 net profit was equivalent after preferred divproperties and miscellaneous sources,
idents to $2.82 per share on the outstanding common
$5,942,060;
total,
$15,106,957.
tlnterest on bonds of Minneapolis St. Paul &
Sault Ste. Marie Ry. #
stock which late in the year was increased to 1,737,072
guaranteed us to interest by Canadian Pacific Ry. shares.
It compared with $2.86 per share on the 1,579,#/##/'> TRAFFIC EARNINGS WEEK ENDED MARCH 7
448 shares outstanding at the end of 1944, /
loss
and
Preference
.'
;
taxes
1023. :##
p.
tained
.to.
$1,283,656
36,24$
; 824,606
.
—J_/I#,.#.
Central Bag & Burlap Co. of
$
43,159,664
income
Bal. .transf.
.
...
income
Net' income
#
36,054,334
charges
Int., Soo Line—
Fixgd
to be
lrom
for
,
*15,106,957
—
ili
10,117
.
\
;/* •
*
-
316,109,358 318,871,034 297,107,791 256,864,091
280,055,024 275,71jl,370 247,890,224 20a,676,402
tax)
—
income
Total
California
company
Gross
(incl.
$1,273,533
-
/■
1945
earnings
Other
the Bankers
from
loan
$5,500,000
a
Pacific Utilities Co.—Loses Bond
California
•
'''Total income
to retire a like amount
Qf $1,000,000 on Jan.
V. 7'.'
Provision
555,973
of 2%% debentures covering a loan
from the John Hancock Life Insurance Co.
The new loan, which will bear 1%% interest, will mature in yearly
instalments of $500,000 from Jan. 1, 1947 to 1955, and the balance
'
Income, deductions
112,407
said.—V.
company
Trust Co.
The
169,428
v##$
California Packing Corp.—To Refund Debentures—
The
$419,282
356,587 *
287,644#
Ry,—Earnings—.
Years—
$1,409,468
## 16,852
$1,426,320
———
'
2,741,829
24,439
Crl3,6l4
#
—...
$683,766:
462.
p.
income
167,310
' #
2,704,697
—
$663,806
279,092
>##
.
—-
and admin, expenses—.
for doubtful accounts——
■
-
excess
—.
1943
•
'<
##
$22,203,666 $21,531,397 V jl
17,491,588 V
18,103,115
returns & allow.-
goods sold
gen.
•—V. 163,
$2,722,059
$2,563,485
555,928 j ■
557,127
19,926
171,512
101,489
income
163,
p.
1944
End..
Nov. 30/45
,
;
c
..
Balance
Maine—Earnings-
: 24,090
#'
of
103,157
income—
Net
Net
-V.
Cost
'•/.
■
less disc.,
sales
Selling,
$618,865
.
Works
tax)
profits
.
■
228,188
railway
#
railway—.—
from
Net ry. oper.
taxes on
Fed.
.
*93,663
,1946 ;.1945
:
from
Gross
Net
$2,539,395
16,387
7,756
deducts..
income
for
Pro v.
January—
$2,705,672
'$520,340
136,605
—————-
Gross
648.
p,
•
$511,270
$499,971
#_■_—#
income
Gross
//.v
; ;9,070
$498,082
X. 1,889
revenues—i;
income
918,795
1,045,197,.,
deductions—
rev.
*39,496
i
Period—
Provision
$7,188,497
$1,430,065
$1,543,279
—
*52,696
*102,480
163,
Canadian Pacific Lines in
19^7"i20M°sc~1,9^Q
$6,614,308
4,482,825
4,074,913
1945—3 Mos.—1944
Period End. Dec. 31—
Operating
*15,714
income-/### *67,298
oper.
11 Mos.
$105,200
*47,307
*95,501
Year End.
Dec. 31,*44
;
Other
consolidated]
[Mexican subsidiaries not
ry.
■,
STATEMENT
INCOME
1943
1944
$157,800
$187,000
CONSOLIDATED
England—Earnings-^
1945
$151,600
-Deficit.—V.
Subs.)—Earnings
(&
Co.
Power
from
Gross
Net
Combined
1946
Monday, March 18, 1946
1944 exces profits
in 1943 $8,020,000
post-war refund.-^.(Retired ,>,n 1944.
31. June 30 and Sept,Vi3Qt .49,44, at
Volume 163
O'i.'V',
Subsidiary
Domestic
(Including
vy.
z\ ;•//.
;
ASSETS
SHEET DECEMBER
BALANCE
CONSOLIDATED
'
:
<
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4473
31
Companies)
tTrade
cash
7,913,008
•
cost
less,
or
market
in
not
of
excess
Postwar
refund of Federal
Federal
tax
excess
profits
taxi^;>
claimS-__-_-_T--_-------—i?----
Debt
discount, premium &
Research and experimental
Insurance
Patents
premiums,
and
(net)---,—.
expense
exps.
taxes &
(net)—
1,712,665
58,816,733
1,281,789
2,162,302
1,748,684
1,262,167
"Z ;1
>
r-
prepayments——
trade-marks-———--
■
■//■ v
of
accounts
Other accounts
Federal
and
State
taxes
other
and
amounts
.
Central
simplify
preferred
to
prices,
financing
common
common
to
of
Net ry, oper.
;
r
'
sold
or
Centaral and
Amer¬
common.
of
the
new
basis.
The
Middle
to
West
yV;:y-yvy /
company, plus
remaining shares
in exchange for
yv.
structure, American
holdings of 25,643 shares
its
has
plan
examiner.—V.
163, p.
a
of
the
with
presiding
1
the
'employees—•
Accrued liabilities:
■f
Wages
•
v
and commissions.—^.^—
Reserve
for
other
410,254
Vv/' //-/j,
__
502,768
——
January—
2,084,625
1,396,515
——
taxes———
Charleston & Western Carolina
Ry.Gross
Interest—w——~~Z
Other
accruals
Reserve
for
Net
Z> 300,000
608,333
263,675
Income————■——«'*♦» 113,448,000
——
Federal
taxes
—
—
on
-
.3% debentures due October 1, 1965——-——
40,000,000
3Vz % debentures due July 1, 1962—
H
Reserves for contingencies.
——2,500,000
-
Other
reserves
2,500,000
preferred stock
(no par)—-:——
33,425,000
7%' 2nd preferred stock (par $100)—
14,817,900
♦•Common stock ————1,737,072
33,425,000
Capital surplus
22,332,694
14,877,669
t) 16,066,124
14,382,978
$4.75
i
Earned surplus
-
———
ZZ
——
——:
14,817,900
1947 to
1,579,448
•Quoted
market
1945,
reserves
?After
137,304,975 128,679,957
——
value—1945, $14,150,708; 1944,
1944, $284,649.
tAfter
$291,052;
depreciation
deducting
1944, $30,077,817.
and
$14,924,823.
of
reserve
amortization;
1945,
tAfter
The
$100,000.
1iWithheld
relief
sented
by
1023.
p.
y
'1944
'
?;
The certificates
142,014
48,257
,'i
$36,438,295;
for
of
represents an
to
the
Other
in 1944
payments
Section
1,737,072
722
of
shares
In
the
and
1943 based
Internal
1945
and
Revenue
1,579,448
on
in
They
cost
January—
Gross
Net
from
from
Net ry. oper.
income
1943
$3,419,598
$3,295,658
$2,739,312
880,381
1,062,545
918,958
'4> 547,446
775.
163,
p.
262,176
>
512,013
The
Of
stock
common
the
:dividends.yi.-.-.
and
payment
of
company proposes to sell $13,000,000 first and general mort¬
bonds at competitive bidding.
It plans to redeem the outstand¬
first and general mortgage bends, series H. 3 Vis, at
104Va and $4,186,000 first and. general mortgage bonds, series J, 3yas,
The
to
proposes
increase
serial notes, 2%%,
^
/
.
■
,.
-
'
'
-
.y
*
w
\
s-'
leasehold
of
at
of
650,000
carriers
Pere
and
shares
and
affiliated
carriers
and
and
200
and
in
#
to
the
rights
to
carriers
water
operate
of
the
lines
the
-1
of
preferred
stock,
Pere
of
would
which
Marquette
be
such
in
par
Each
of
accrued
converted into
the' Pere
bo
Z share
of
of
stock
would
'
the
the
be
C.
and
one
&
Pere
converted
share
O.'s
of
the
C.
&
/ Each
common.
5%
to
prior
the
their
;/
Michigan
-
.
Month of January—
Gross
Net
operating
'
_
revenue—_________.s—_
railway operating income—
Gross
income
$3,970,419
Fixed charges and
other deductions™
414,891
.f
373,160
new
445,066
.
Net
——ZZZ
deficit
$506,634
———:
$218,757
deficit,
of
said
retroactive
increases that may be granted as
railroad unions.
accrual," he
said,
"the deficit would
smaller than that, of a year ago."—V. 163, p. 1154.
wage
result
a
of
with
that
"Without
Central &
have
South West Utilities Co.—Change Filed in
amended
values
and
reorganization plan, made necessary by increased
also td .include a concession by the Middle West
Corp
was filed March
can Public Service Co.,
tem.
12 with SEC by the company and the Ameri¬
subholding companies in the Middle West Sys¬
-V
•
•'
plan, which, in effect, represents a compromise
Central's common stockholders and Middle West,
Central and American would be merged into a corporation to be.known
as Central & South West Corp.
The latter would have an authorized
the
settlement
new
between
capital stock of 6,600,000 common shares ($7.50 par).
Prevailing market values. * the companies said, make it feasible
sell at competitive bidding a sufficient number of shares of new
to provide funds, not supplied by other sources, to retire in
cash all the' outstanding preference shares of Central and American/
The settlement plan provides for the surrender by Middle West to
the public common stockholders of Central of 264,000 shares of new
common
stock with additional shares representing an adjustment
to
common
oper.
163,
p.
$19,906,529
9,441,018
income
5,194,619
776.
'
■
/
Chemical
Bank
&
Trust
Inc!^CMls '^.
Co.,
Net
Net
from
ry.
—V.
oper.
163, p.
$2,124,798
In
29,874
Net
from
Net
ry.
$2,339,318
railway
oper.
income
♦Deficit.—V.
163, p. 776.
stock
,
by the
The
1.
On
;
each
trustees of
voters
must
each
return
May 15 trustees will
,;//;;;/// ZZZ•:
participating
creditors
must
be
counted
as
group
will
be
--v.-•
of
five
shares
an
the
on
20
new
stockholders
share
of
could
years
from
be
$25
new
new
trustee
will
should
be
earnings,
to
.
the
the
banks
is
to
aiso
the
.
be
to
U.
on
uetermined
with
due
a
plan
term
by
are
of
of
the
reduction
rate
to
of
new
right
to
assets
with"
to
65,707
this provi¬
lVa" shares of new
for
stockholders
100 shares
each
granted
each
companv
of
the
plan
two
warrants
shares
the
of
within
held,
plan.
./•,
or
not
a
war¬
and
years,
<
pur¬
indicating
it
foreseeable
reasonably
factors
sub¬
for
The
three
decisions
could
held.
to
enterprise for reorganization
$2,500,000,
at
the
common
be
capitalized.
in
given
of
:/>„v
,<
of
for
exercised
the
of
64,883
stockholders that
for preferred stock/'
be
Supreme Court
capitalization
of
reorganized
loan
applied
and
for
of
stockholders.
S.
consideration
the
repayable
be
if
aggregate
share. ZUnder
a
confirmation
share
valuation
based
earnings which
Under
of
/1.,
said
be
would
to
new
aggregate
share
one
3
subscribe
common
the
per
*
>
common
are
of
preferred
"reserve
$15
preferred,
holders
of
an
consummation
at
shares
an
approximately 85%
of
stockholders
atter
common
or
receive
common
.
days
of
or
of
as
.,
common
will
held,
books
to
are
allocation
10
held,
)
■:
■
receive.
preferred
and )5% to
disallow the claim
share
10
would,
of
stockholders
three shares of
one
outstanding.
share
common
each
for
price
The
contributing
;:V//,•/
is to obtain from a group
interest at 3%
The loan
.
$250,000
of
per annum, and there is
loan, within four years after
of contemplated sales of real
the
consummation
estate,
not
.
.
.
It
is
•
estimated
miscellaneous
Stock—^
1945
the
$2,712,679
702,375
910,742
202,952
216,862
1944
the
loan
of
about
in
the
$668,000.
face
The only
amount
funded
debt
be
will
of
$2,500,000, and the mort¬
$1,800,000. ■/•/-/
the plan will be held in New York
City on April 15.—
real
hearing on
163, p. 190.
V.
estate
which
will
approximate
of
March
14, 1946, the corporation has
shipped to its 9,651
all over the country, 53,000 new
passenger cars and 55,000
trucks, K. T.'Keller, President, announced in a letter
to stockholders.
He also said that the current rate of
production of both cars
and trucks together is 2,300 vehicles
per day,
"Truck shipments were
largest," Mr. Keller said, "because limited
production of them was authorized before the
$2,466,496
1945
assets
bank
Chrysler Corp.—Manufacturing Schedules
Mounting—
606,072
•
on
A
1943
$2,606,446
term
gages
As
1944
dealers
new
/.
367,942
Z;:
1946
railway
for
to
poses
^
Chicago Great Western Ryv—Earnings—
from
/
accept or reject the purTransit Authority for their
1024.
p.
$3o after three years.
',///
649.
January—
Gross
each
shares
addition,
rant
New
279,239
income__'_
authorized the procedure
Chicago Surface Lines
the
.
1946
railway
railway.
and
within
subscribe
Chicago & Eastern Illinois RR.—Earnings—
from
prof-
to
before May
stockholders
carried
preferred
common
share
redemption sub-agent in
January—
163,
each
would
assets,
subscribe
sion,
York,- N. Y,f has been ap¬
connection with the: call for. redemp¬
tion on April
1, 1946, of the outstanding 5% cumulative
preferred
shares at $110 per share.—V.
162, p. 453.
Gross
substantial
date, the proceeds
exceeding $1,000,000. ZZ
1
that, if the plan is consummated at about June 30,
1946, the reorganized company and its
1945
subsidiaries, after giving effect
1944
1943
'
to contemplated sales of
real estate before that
time, will have cur-<
$21,313,959 $19,497,576 $15 108,175
rent assets of
approximately $2,800,000. as against current liabilities
10,148,699
8,811,667 Z/6,606 092 .//of
approximately $1,400,000.
It will have available, in addition, in
3,699,712
2,533,651
cash or Government
3,233,698
bonds, the sum of approximately $2,000,000 for
'
rehabilitation and improvement of its
restaurants and properties.
It
//will have fixed assets valued at approximately $5,372,000, and other
(The) Chicago Daily News,
The
pointed
third
Under
ry.
—V.
.
Plan—
market
Net
been
12
In
vote
non-voting
represents
the preferred,
plan
additional
.
"
1946
will
Metropolitan
or
Common
for
to
share
Chicago Burlington & Quincy RR.—Earnings—
?■/'• •£+'
Gross from railway
Net from railway
on
This
are
# January—
Co.
mailing by March 31
explanatory material.
trustees
preferred
common
period
.
the
of
provides
Preferred
secured
There
March
on
40,000 Investors
x£ are their property,.
obligations, $3,088,000 are in the first mort¬
$8,000,000 in unsecured credits which will be
eliminated under the plan.
/.:■•••:/;;
././"■■■•
'/y
Judge Barnes set April 30 for a hearing on
confirmation of the
order,—V, 161, p. 2553.
f
|
Chief Executive Officer, in explaining the increased
it was entirely due to an accrual made in anticipation
Wyer,
negotiations
A
road's
continuation
a
for
and
shares.
certain
:/
♦Deficit.
William
the
bonds
stock
.
of
shares.
one-third
.
Of
''
'"•*
'
Lines—Court Sets Sale Procedure-
the
have only common
would
bankruptcy.
gage
to
plan
Present
A new company to be formed will issue 500,000
shares of stock to be
apportioned among the 5% first-mortgage bondholders.
■
226,309
last
of the plan.
hearing that many insurance companies
their Rock Island bonds and that the
that
Chicago
$ common stock for
Judge John P. Barnes at Chicago on March 5
approved the
reorganization plan for the road under which all classes of creditors
except the 5% first-mortgage bondholders will be eliminated.
The plan
was submitted by Arthur
Schwartz, trustee in
134,993
.
the
1,
Court Proposes
—
confirmation
the
Transit
the
ballots
plan
The
Chicago Aurora & Elgin RR.—Plan Approved—
$4,595,582
i—"193,658
—'—Z-ZZZ*—"91,743
on
trustee, John
Federal
1945
•* I
the
on
reorganization for the company has been filed
by the
F. X. Finn, with Federal
Judge Edward A. Conger.
for
cash
payment
in
full
of
all
debentures
and all
creditors, except that mortgages upon owned real
estate will
be assumed
by the reorganized company.
The reorganized company
would
V.
preferred
Marquette,
plus
accrued
and
unpaid dividends,
into eight-tenths of one
share of the C. & O.'s
f?r
1946
time
CWWs Co.—Reorganization Plan Filed With
Court—
A
"
:
stock,
date,
preferred and
share of ', the 5%
of
provides
ballots
scribe
Jersey—Earnings—
most
opposing the sale.—V.
cumulative
Central RR. of New
*
f".
.
of
The
preference
preferred and four-tenths of a share of C. & O.'s common.
Each
of Pere Marquette's common would be
converted into one-half a
of the C. & O.'s common stock.—V.
163, p. 1154,
purchase as a whole of an issue of 200,000 shares of
preferred stock will be received by the corporation, at
Room 1840, 15 Broad St., New York, N. Y., up to 11:30 o'clock a.m.
EST on March 19, 1946.
The dividend rate is to be specified in the
bid.—V. 163. P. 1279.
* *v*
report to the court on the results.
Two-thirds of the investment in
favorable to acceptance and
Marquette
-;
O.'s
to
in
commented
common
merger
•
& Pacific RR.
pre¬
16.
industry, the
preferred
bonds
of
plan
system
•■/...
dividends
♦
-
Surface
offer
The
outstanding -capital stock, in¬
O., but excluding those held in
Marquette's
unpaid
C -?*
*
}■ properties.
com¬
of capital
share
March
almost
chase
the
including
i'tV.*
and'Chicago Rapid
,
3%%
&
preferred
holders of record
distribution of 50 cents per share was
made
3, last, and on April 2, July 2 and Oct.
Federal Judge Michael L.
Igoe
stock
the shares held by the C.
the Pere Marquette's
treasury.
dividends
convertible
Jan.
brought out
under which
at
cluding
quarterly
convertible
cumulative
3070.
p.
Chicago
,
stock Which the C. & O. will issue in con¬
merger would be $28,949,745, consisting of 211,429.4
convertible preferred and 312,272.2 shares of common
stock, all fully paid and non-assessable.
These shares would be issued
in conversion of the Pere Marquette's
with
of
$3
enough to pay off one of the first
mortgage issues, and
why this could not be
done, leaving something lor the junior
security holders and
stockholders.—V. 163, p. 1280.
shares
effect
to
1
regular
cumulative
the
•
under
when the
proposed merger be¬
may
be converted
into C. & O.
the time of conversion.
The initial
1.6 shares of common for each share of
preferred, based
All
rate
the
$2.50
on
asked
;
properties
Lake
•
1,713,080
declared
the
share
completely disposed of
/ was
designated as 3Va% con-'/
shares would be issued in
211,429
was
™
/.
acquisitions
Pere
across
2,108,145
j£ its made by the road was not considered likely.
He said the road now
l/had about $78,000,000 in cash or readily convertible securities, which
•.
depot
Other
Ry,
1,526,526
Metropolitan Life Insurance Co. remained
the
principal insurance
holdei*. with about $4,000,000 of
bonds, compared with $10,000,000 held
//earlier/-:/
'
$100
,
and
A
on
convertible
It
common
of
,
1943
3,238,264
conditions and conditions in the
action on the dividend due at this
Vr.vi':
of
cars,
of
stock
of
1944
3,523,409
Among developments influencing the
Judge's
opinion
were
listed
following; hearings in the Senate on railroad
reorganization, criti¬
by members of Congress an
appeal pending in the U. S. Circuit
Court
of
Appeals, and the opposition of holders of
70-ton
& < O.,
shares
terminal
Marquette
contract
stock
Judge Igoe
the Cl
12,000,000
194$
cisms
//
of
hopper
operated by the Pere Marquette.
the
The amount
the
for
the
preferred
nection
shares
Central New York Power Corp.—Bids for Purchase of
200,000 Shares of Cumulative Preferred Stock—
/'•/ Bids
stock
of
per
record
2,980,471
labor
no
stock.
•
,
$5
the
fixed conversion price of $100 a share for the
preferred and an
conversion price of $6.50 a share for, the common.
a
initial
•
public offering price of the new preferred.
The
company
also
plans to increase the authorized amount of
common
($10 par) by $10,000,000, making an aggregate of $25,000,000.
ftnd to sell for cash so much of the new common as may be required
to provide $10,000,000 at a price per share not less than the
par
Value.—V. 163, P. 1279.
?
with
series
rate would be
upon
proposes
)
.
all-steel
'>
certain
effective.
comes
Initial
•v
,
consist
and
of
other
first
common
to offer to the stockholders of its outstand¬
ing 7% preferred, $6 dividend series preferred, and 5%
preferred
the right to exchange their shares for new preferred shares on the
basis of an equality of par, plus cash in an amount equal to the
difference between the redemption prices of the old preferred and the
company
/?•'
r
50-ton
authorized
each
subsidiary
certain
conversion
amount.
the
shares are to be issued; and to decrease the autnorized amount of pre¬
ferred stock: ($50 par) by 1,575,900, being the amount presently authorized.
1
1
"
/.
*
'
The
include
The
authorized amount of pre¬
ferred stock ($100 par) by $10,164,900. making an aggregate of $30,000,000, and to create a new class of preferred stock of which 220,000
company
control
affiliated
vertible
company < also plans to redeem $1,500,000
$2,000,000 serial notes 3%. at their principal
and
.
''
i
part the purchase
,
of
would
value
par
now owned, and
'
The
in
500
The preferred may be issued in series.
certain
and
$13,314,000
105,
roads.
amount
agreement,
$5
joint
would
H.y;.w/
gage
'lit
of
panies
The
ing
and
of
holders of
Holding that it might be desirable to return the
Rock Island reor¬
ganization plan to the
Interstate Commerce
Commission, Federal Judge
L. Igoe continued March
13 to April 25 his
hearing on con¬
firmation of the
"plan.
He cited various factors
recently interjected
into the situation
as
reasons for his
opinion.
;
According to the merger Jerms, the C. & Or would acquire, through
stock ownership, control of the Pere
Marquette's subsidiary carriers
a
on
merger
value each.
a subsidiary of New England Public Service Co., has
financing program with the SEC.
The program provides for
the sale of bonds, preferred and common stocks.
It is designed to
produce a balanced capital structure, to effect reductions in debt and
both
maximum
stock
The company,
y
*
finance
cars
to
Return to ICC of Plan for
Reorganization—
Alleghany Corp.,
which controls
•
Co.—Reorganization Plan Filed
preferred stock charges/ and to eliminate restrictions
hopper
approximately $2,216,496.
the
filed
1947.
be issued to
covered
dividend
1
Michael
March
15, 1946, and will mature
$175,000 each, payable March 15
of
4
on
per
both payable April
unsettled
V.-'
An application for authority to
merge the Pere Marquette Ry. into
the Chesapeake & Ohio Ry. was filed on March 11 with
the Interstate
Commerce Commission by the two carriers and the
601,083
•
'
Central Maine Power
to
dated
share
^"'"Chicago Rock Island
Approval of Merger Sought—
1944
437,708
railway—
railway.—
—V.
1945 ' *
1946
$2,780,560
be
starting in
are
all-steel
will
instalments
annual
each year
Central of Georgia Ry.—Earnings—
.
certificates
stock,
year.—V. 162,
bidders
equal
^
854,296
March
on
cents
common
.
The
10
1946
per
75
common
IVbs;
NOTE—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible. ~
cents
directors took
:;; /
Stroud
♦•Repre¬
1944.—V. 163,
initial
an
697.
directors
Due to
were:
Salomon Bros. &
Hutzler, in association with
& Co., Inc., 99.50 for iy8s;
Harris, Hall & Co., Inc., 99.17 for
Central Hanover Bank & Trust Co. of New
York, 100.26 for
l3/es; National City Bank of Cleveland, 100.155 for l^-'as; Cleveland
Trust Co.. 100.016 for
P/aS, and Chemical Bank & Trust Co. of New
York. 100 for 1.70s,
application
Code.
declared
$12,943,744 $13,105,',*99 $13,052,575
$11,477,876
income—
p.
and
ferred
1.198%.
of
company
13
J
railway
oper.
62 /a
stock
-
by Halsey, Stuart & Co., Inc., is the best offer /
equipment trust certificates since 1940.
The bid
interest cost basis
March
on
new
railway—2,034,215
163,
The
of
99.612
railroad
-
outstanding general mortgage
Chicago PneumaticTool Co.—Omits Common
Dividend
/.
78,618
reoffered March 11
were
Bonds for Year
$340,547
§
;
ry.
—V.
1943
/
105,015
45,169
' * t I
-;,
$351,840
112,831
"26,524
776.
p.
'-]]
1945
y $369,074
/ "3,864
-
from
under
1956.
offer
made
,
for
$287,163
from
from
Net
(subject to Interstate Commerce Commission approval)
at prices to yield 0.75% to
1.30%, according to maturity.
The certificates are to be
unconditionally guaranteed as
to payment of par value and dividends
by the company.
:'
Total
163,
'
1946
'
-Earnings-
Chesapeake & Ohio Ry.—Equipment Trusts Offered—
Halsey, Stuart & Co., Inc. were high bidders March 10
for $1,750,000 1%%
equipment trust certificates, due
979,709
yr
-
"v
Net
—
807,401
-----
W
"
from
"Deficit.—V.
34,289,000
—
'
from
railway.—
railway—
Net ry. oper, income—
933,252
-
-
4^% Income
on
„
3,581,014
Chicago & North Western
Ry.—Earnings—
Gross
589,170
>r
the
on
January—
>
_
from
2,940,188
preferred stock, payable
May
April 15, out of 1944 earnings.—V.
163, p. 649,
.
withheld
directors
share
be
trial
as
1
•
2,538,535
N
The
lat-
would
hearing held in connection
with Richard Townsend
28.
897.
2,203,988
Declares Preferred Dividend of
$5 per Share—
sell
would
exchange of their shares.
ordered
March
on
1943
.
corporate
Co.
1944
B, that a total of $4,890,000 for 1945
interest on the issues will be
payable April l.
Under terms of the
general mortgage, dated Jan.
1, 1944, the company is paying $2,576,000
to holders of the A
series, and $2,314,000 to holders of the convertible
series B, both
representing 4%% interest for the year ended Dec. 31.
1945.
Payment will be made, in the ca;se of
coupon bonds, at
the
offices of the
company in Chicago or New York.
Checks for interest
will be mailed to
registered holders.
' :'
preferred stock
the
upon
SEC
stock
rata
pro
issued
income
The company is
notifying holders of its
4%% income bonds, series A and
are
RR.—Earnings
1945
$18,164,797 $19,325,826 $18,523,213
$16,206,387
4,898,892
6,059,730
6,489,249
6,319,114
To Pay Full Interest
1945—
prefer¬
.
& Pacific
1946
from
railway
Net from
railway
a
the
as
the
exchanged
stock
by
.V
exchange
y
,
;
not
January—
Gross
except
well
as
6tock.
The proceeds from this transaction
in. part funds to be paid to holders of
supply
American
a
be
the
Utilities
amended
78,584
.
of
Texas
used
2,609,864
66,297
y
—-—
public
common
on
would
common
ter's
of
The
2,155,702
exchange for the
further
West
,l':;
payable
—ZSr^Z:
payable.——;
corporation's
new
additional shares,
new
holdings
To
to
137,304,975 126,679,957
LIABILITIES—
of
Chicago Milwaukee St. Paul
'
outstanding
yy 1 ;r:yy"y;,,;yy
volume
remaining authorized
the
Its
1
: 1
the
redemption
the SEC approves the
the
264,000
1,413,300
.
Total
respective
1421
new
exchange
1,374,446
'
—a-—
Assets—at
Trade
■<
1,691,863
62,442,444
•
their
Middle West has agreed
ty it for new common. ;
costs,
in
of
Sfo
——
—-———
„
Other
the
program, eight shares would be Issued
for each outstanding share of American
common,
ex¬
cept those owned by Central and American,
Holders of the outstand¬
ing stock of Central, other, than Middle West, would
receive 39.96359%
■■
Foreign subsidiary
If
to
exchange.
reduce
of. the
be issued
ican.
235,511
-
to
In
______
+68,193
Investments—at cost;
to
2,297,500
'2,484,753
v
Notes & accounts receivable deferred
gFixed
8,549,632
for
shares owned
Shares
9,013,845
—•«//
»•,
-
order
ence
/
.
for
-
equal
reserved
underwriting
541,668
,-
Inventories—at
bid
American
payment
In
_____
receJvable_L.——-—7,784,690
Other accounts & advances and int. receivable
528,986
the
of
shares
14,914,691
accounts
date of acceptance of
••
■
1
■
the
-
shares
$
...Z'
to
1946,
y--..y,. •
plan also provides for the retirement of all the
prior lien and preferred stock of Central and
The
1944
28.
stock,
common
••••:;
i-'Ayyy;1945
$
Cash with banks and on hand-< 32,830,129
*U. S. Government seourities and obligations14,151,760
Postwar refund of Federal excess profits tax1,045,544
Feb.
from
war
Mr.
1943-^
$2,518,659
$2,459,202
$2,195,028
324,702
655,984
"33,796
236,563
761,135
275,594
268,983
697,592
4
.
f
..
cents
Feb
Keller's
:
letter
accompanied
was
over"
dividend
checks
amounting to 75
share, payable March 14, 1946 to stockholders
of
record
1946.
The cash dividend was the 78th
paid by the corpora-
per.
25,
tion in 20
years.
>
.
:
•>
"Although this corporation has suffered no work
stoppages within
own plants since the
beginning of the year," Mr. Keller went on to
its
1
/.///
THE COMMERCIAL & FINANCIAL CHRONICLEv
1422
of
cay," "shortages
duction.
certain
capital stock,
materials have limited Its>>pro-
necessary
$15. pavable April
par
the
.'Previously,
had been
company
1 to holders of record March 15.
oaying quarterly/dividends.*-of 85
Monday,r March ;18, 1946
equal .to 10% of the amount, if any, by which the. consolidatednet
;; income for the next preceding, fiscal year; exceeds the. amount '• of
,
v
;//:/:////./'' //
cents per share, the last one at this rate having.: been" disbursed on ■/,# /the fixedsinking
fund. pay.ment?%if'l" any., made.on Feb. 1 of such • :/'//
"Currently, however, manufacturing schedules are mounting_ and we
Jan. 2. 1946.—V. 161, p. 981.
/*'*■/./■'/'■ y
;
: ; r' / next .preceding ffscal year.-T Company may elect in addition to make /.!?.;//
expect that before long oux<-dealers vwill be able to make substantial // ;/.
: 1
'
i','-'
"•>'
'
:. an ^optional
sinking fund-payment in. an ^amount not-., exceeding
deliveries of new passenger cars as well as trucks at retail.
•
City. Stares Co., Philadelphia—Exemption Sought—
$m,o.oa»:in February1 in., any. .year .commencing., with 1947, sinking V
■
-
■.
,
".j' ■
i
--**.--
...
r
>
■
,
.
.
,
,
i...
/
states:*" ''' \
President,
Report—W. 1. Keller,
Annual
The
#-t,./,,,
and the R. H. White Corp. of, Bfcston have
application with, the SBC asking an order exempting'
Tti^
„
shall .be accompanied by
payments
fund
.,.
.
filed a**„.
Company
,-091,»
the
of
the
if
amount
premium* ranging from
a
.
rarfnciuai
u
oavment
rt„»L
made
*.'*Wfe«
»h.
vWhite's^/^1'*: °i. tne Jan. 31,1 1948, to. 0,08%/dutin&.- the - .made ending Jan.
principai amount, A/he, payment is year during, the
ending
of, 1jPQi ;share,« "of City- Stores, pwferred .stdck:,'* "ye '*
W<"1 W-Hi'
Investment Company Act;-- Cij^Stores* 'lA-cdm*
V31*:
t-^v"*
•
,!/;*"-;;'j;/ --■'/■■"v ?.
, , .;T/
4,:
purchase for $100,000
.The,settlement of: claims arising from the canceling of .our war
.*)•.*'-.-*.
contracts has progressed
satisfactorily and our war job can be re- . .••from provisions of the
garded as substantially completed,
War contracts that were .pn a,/*.- trolled- by Bankers Securities Corp. 04 Phiiadmphi*. a registered in^ /V * UNDER WRITERS-r—The names-bf^fche^'prtncipal underwriters" of .the
cost and fee basis are practically ready for final reimbursement.vestment company, and White Corp. is controlled-bytCity^Stores, - The* ; : ,125,000* shares
of Capital stock and the number * pfc; shares Which
?; ^
cent
for
these contracts
and for the settlement of- subcontractors / commission will consider the apphcaticn on March 22f.-^W.7i62^p. 3070, 4; each- has. severally* agreed Jo*'purchase-fife/as • follows*:;./%>■///:?'
joint
•
claims,
the Government provides the funds, corporations
against the Government -are nominal in amount.
almost clear of war Inventory and tadilt.ee and al
:
?
; /;,./-/•
4.4 - 0^, Mulybctenttm Go.—Omits Extra
which
claims
for
remaining
Our
plants
ar.
*
,
Dividend
•'
from £>. Purchi;ffdm;?^'.4'#i
Company
- Stockholder* k
^
t
///$
>
—
-38,000
.:;
Sales
in
materials
war
1945 aggregating $994,545,833
the amount of $869; 347,571: and
the'year
for
,
the
of
1945. *
profits taxes
of
January—
were^|>al4 M^sfc^h0,ldei,s
capital stock. Dividends of S3: pef share
the corporation for the year. .'...
of;
' *. "V:"..;
•
*■:'
"
'
1144
SI,255.419-
'
1
1943
1945
$1,266,682*
;641,17.8.
'.1946
Gross from railway_„ ' $1,057,873
Net from ra&way__— w 481,901
Net ry. oper, income—
' 355.929
—V. 163, p. 776.
'
corporation and its wholly-owned United
194A including provision for Federals income
the
for
sidiaries
V
-
-
ii', Selling, "Shipping &
"!
$1,101,973
'
535,003;
-
,534,638
579,342^
Prov.isipn for, credit losses
f
}
YEARS
POR CALENDAR
(Including wholly owned ,U. B. subsidiaries!
'jfeflbO
t944
-' $94#
•«»yy
\
cents
Jan.
^
/ *•
d,.;
J
income
Other
93,488,931 4117,635,091
555,527
2,424,359
:
96,113,095
.
The
directors
the
holders
llU4Ucro
to
on
March
outstanding
March,
record
1C
of
U1
slUred
declared
2
stock,
common;
$5.6o-per/si^are
dividend of'
a
no
Value,/, payable- April
par
7
3,992,334
April
$5.55;
2,
'
mi
—
'J
14.
■?
NOTi-jr^or 'mechaniCal
-
.
,
*20,059;65O 102,860,190 :'74,308,302 -
94,044,453,
selling, 1 adv.
<
;
general expenses.- 36,420,716
36,366
\
J
possible
to
it i*
reasons
companies
*
arra/nge
,«
Total income
27,745-*.28;685-,
;
income
I>tyid€iiadL—^
./
:70,315,948 ;
6,552,103
,:V
'
Earnings-of
,
62if;655;208
on
profit
*
Net income
.
-
;
$1,738,393
25,658 f^ZS 14,469 ,K-v
160,663 V"133,68S
x.1,'1'5,800'i.i i,108,Ii24 ♦
.
980,437,934 790,334,607 553,339,260
901,056,902
ppr- shore
2
*34$
hZtW<
•
•
Conine.,, under a :pjartu of-eonsoiidation. - A- quarterly of 25
w«s Paid n»v ihe- Natfonal* Cartay common stock on
lpst.-r-V. 163/Pw 12801
•* ♦
-
Candy
.
994,545,833-1,098.073,*023 886;467.702*
I
*Co8t of sale8_'i4-^_Gross
•,'Wp$:
7,257,.
;,844,022
$1,8
65,127.
,485,025
-*1,162,840-1
,
CONSOLIDATED INCOME ACCOUNT
Sales
$ 1,797,338 ■> $1,731,135
*
$2.011,040
.
{•,
13,043 /
"4g,684
'
V'j -*.{j
162,772 /
33,632
Proflt'.fromc opeca^lons--_-^r;-_r...$l,959,780
oa^ vtlue cinitafstock
'•
779,109
129,758
88,171
«»;
,
a
*
742,870
801,020
.
'
with
situation
^
adnr.r exp.,:
gen.
factoring & antt<rt]Jation charges-;
;, s
651,178; % ' Franchisee cap. -stk. &• misceli. taxes
703,3<A
respect to: resuming civilian automobile bust* ■ '
CliMton Industries, IllC.
ness
continues to' be troublesome.
Strikes and material, .shortages
.rt
.„,r„,K
„
clardd a divtiiend. cf y, c«»!. per ■)
..Totat inconw
among
suppliers still prevent production on any significant scale ',
for. the .quatter
0I| thr$l
ending :;,/iTn.terest. paid
Since resuming production we have made 27,7f5 passenger cars. • Th^ 4.:s share
the $1 par value; capita* stocK, reeord March 13.- ....
March on
3i. 194»6; payable April 1 to liplders of
Federal normal tax and §.Urtax_';
immediate
prospect for any substantial improvement remains ob¬ vThe stock of this corporation was recently issued, share for share.
Federal exces3 profits tax
scure;
•,'4..4
hv.
*.f-*-'• -">->'v4;*-*
v
in exchange for the $8.33 Vh
par
value common;, Stock' ofTiaticnal
state; income
tfiue
'
sales of ..civilian
• *;V.?/
States ,suband excess
amounted to $46,543,753, equivalent to $10.75 per share
year
Taxes
6,600 '
000 ^ -v.
v.
.
goods totaling $125,198,261.
There were sold during the year 39.361.
commercial cars and trucks for civilian use;
Sales of spare parts for .
the maintenance of automobiles art.d1. trucks reached art a.l time h.gn /•••
in
57,600-
^
,
",:#;4,OOOr.;iV'X'1'
;; '8,00a J*» -
.
exact
jn
not always
alphabetical .?
alphabetical^
end. Of $13,10.—
Admin.,
&
of
Portion
in
re-
-
bank-. cred,
under
■
agreement
Add.
Postwar
and
for
Provis.
liability
.
,
1,565,057
574,486
.418,639
12,000,000
18,000(000
10,000,000
' - / ./
1
2,111,992 .2,705,366
2,252,548
-—
,
plans—
bonus
•
as
Int.
Rec.
inc. tax,
on
advan.
for
war
pd.
oontr.
on.
Net
inc.
1,290,976
>
,
Income
166:.si?
808,295 7
,
Sells
M
1
,
126,172.730
*
*
5
stock
Shares
stock
cap.
standing
Earned
152,012,070" 140,243,976 129,976,806
202,596,028
31
out-
4,351,132
$5,70
$5.36
^
♦Depreciation and amortization have been charged to cost of sales
expenses in
amount of $10,253,021 in 1944, $8,730,918 in 1943,
in
1942.
fAdjustment of
motive
of
tion
arrived at
$4,653,073;
1942.
facilities, $2,027,685; for plant rehabillta- '
reconversion and establishment of automobile busi-^
amortization
$16,415,352;
(net),
tDr$256v764; total, $22,839,526; reserve
years
transferred to surplus, $3,333,203;
accelerated
total
in
sitov
(nac
c+nrir
The; sharps -whieb had
sharp.
at
•
-
1*
3%
fund
sinking
note
.
the
prepayment of
the
company's
applied :
be
to
are
'^ '''
r
' v-
^
^
MttHnnrii
jpal Bank of Denver Denver,. *
notes in
.
„mprni
.a
.„.nnMt.
f„nri«-vv»nd
,
1
l^Mos.End.
Oct. 31 '45
•
>
-
^
Operating •' revenue —i
Operating rev. deduct.
Operating
,
-
1944
Years Ended Dec. 3W-..
1942
1943
$805,993
$863,169
»or.ajo»
®ouu.»»j
:
;
$160,846
■
%
,
\
i
528,804
603,443..,,
$170,261: $171,203
$174,468
,984
,753
-
■
:
$689,650
$774.646;?
635,732
693,450
$166,719'
income
FARNtNGS
Pprt FGPMA
qttmmapv"nv>
such
as
,
#
will be used with other funds to retire indebtedness of Crescent: ;
and carry out the other provisions of the plan
sLb^lrprowiX^Sfmate^ at'sSo? Vis
h^n ^
500,000 sns;
J /u.buu sns.
CONSOLIDATED BALANCE SHEET, DEC. 31
BUSINESS—Company was incorporated ill New York Jan. 27, 1927.
1945
1944
Company, since organization has been
engaged" prlnciifally i« /thd;
$
$
'
manufacture and sale of a wide variety
of fabrics" from-synthetic
/:,v;ASSETS^!,,,,
Cash
136,491,821 126,727,390
filament -yarnsr
The manufacturing oiJefationd have^ i>cen^/cnndu«!t4d
U. S>. Treasury certificates——3.7,840,000
25,000,000 /
through wholly owned subsidiaries operating mills at Robbins
U.'S. war savings bonds for sale to employees
-• ,
'l .
anc( Red Springs, N. C. /Such fabrics are woven, principally
and cash on deposit for purchase thgreot-%525,4672,608,550
acetate rayon yarns,
and to a smaller extent from viscose
Accounts
receivable (less reservei—
28,128,384 142,177,607
yarns,
i-nto ci'epes, satins, taffetas and marquisettes for- use prin
Unbilled costs and fees
—«rti
74,598;497 'i cipally. as *materiails for women's dresses;,- women's, and children's
Termination claims receivable—
17,259,776
'
blouses,
negligees, underwear, linings for men's and,women's suits.
inventories
(less reservei
7W,«a'
blanket bindings, and draperies and other housefurnishings.'
■
j.53.
Bear., Steams & Co., $26.53.
Tiansfer Agent,.iThe United States Nat.onal
90-daw promis-...
lVaC-/
E/'H. Rollins & f
$30,902;
?<h,
Co.,
&
Starkweather
$32.1299;
body & Co., $32.
Sons.; $28.5^ and
,
in 1944
postwar refunds of $2,600,000
1943
15-year
as
-
fAfter deducting
March 13 offered to-the public 43,750 shares of common t
New
"
172,730.
000
Co..
^ be
?«?P£SS5 h™tn fihanS
e.tbe
of
emergency
facilities»'> future earnings, treasury funds , oi ,bank borrowings ,to. fiftanee,
capital,.expenditures estimated to cost $2-,400,000.
for contingencies from- '■
ness.
prior
Corp: and'Deah WitteT & Co. dn
agreement
an
Insurance
J.15 .^dl^nljL. AaShS- Jit-h dSJirS-iSn^vundistributed
ibutect
production
war
Colorado Central. Power Co,—Common Stock Offered >
,
sidiary to finance accounts receivable and was held by Chase National
Bank, New York.
$1,250,000 of the 1(4% 90-dav -promissory notes •
are held by Chase National Bank, $1,250,000 by Bank of the Man-
,
(U for civilian autqfor liability Asm>
follows:
as
commitments in
and
general
and
'
■
reserves
materials
custodian
,
the amount of $2,750,000, the proceeds of iVhich were*'
Co.o.
'
=
•' ••
'
'> •
'
«
connection with the acquisition in January, 1946, of the mill ;
PURFOBE—1the comrilbA -btdtkr' i$ owried
Ci^steeht Fubllo SbirOtce
and certain other assets of Hannah Pickett Mills, Inc.,-and in con-, Co., and is being offered by Crescent as a part of its plan for com- * .*
nection with the prepayment of a $500,000 short-term bank loan of Appliance with the. provisions of Section 11
<bl of the Public Utility *
r,
subsidiary..
Such short-term bank loan- was' used by*-such subHolding Company Act of 1935, and the proceeds of tjie sale thereof
$3,57
and
$12,477,438
!
used in
4,351.1321':-
4,351,132
$8.61
share
$2,000,000
;(!)• To
gory
.
>
4,351,132
$5)^
(par
per
Life
Mutual
1946.
follows:
as
•
:
Dec.
of
sale
215,649,424 165,065,466 153,299,372 145,205,768,
13,033,396
l'3,G53-,3£8
13.053.396 : 13.228,962 |
surplus.
common
cumulative
V
1,
■
surp.
$7
par
.
■
on
no
ja;
-
duction
Earn.
the
on
15.529,913
23,322,566
,
"*
Div.
28.
*
.-a
Privately—Under
$2,000,000 Note
Eph.
riatp-H
^
neCtion with war pro-
earn,
share
per
152,012,070. 140,245,977 129,976,806 129,676,755
Jan. ,1
,
Total
" 7
-
—
24.819,489
$1,7.5.
and
„
—
——_
37,464.624
B,
preferred stock, all payable April ! to holders of record March 26.
(par $7.50) at $30 per share,:
L QfnrkhhMprc;
by stocKnoiaers.
t
1
&
Adjust, of res, provided
in war years in con-
'
•
s
968,118
taxes.-Crl.lOO.OOO
Earned' Surplus
;
1'
-
,
March 13 offered 125,000. shares of capital
on
Of the total, 90,000 . / A distribution of $1 per share was made on the ccmmon stock on /
shares are being sold by the company and the remaining
last.^and on: Jah".,.5/?.rtd:fif>ty^28;.i945.r-.Y'4l:62.. p..;;25.l4.
79,000 shares are Issued 0h<I ;ootstatiding and^re ^eiriS »-'/»/.'_ * vL. "
*
r
^
~
'4«v1V
viv.
stock
146,160,0.00,1351,556 |668« 22,'ooojooo
20,,736,500
on
mat.
yrs.
pr.
profits
exc.
1
.
series
Co., Inc.
422,199 0k;314,696
custodian
Prov. for Fed.
624910
3,224,953
piofit-shar.
for
Prov.
'
.
ended* ]
{
------
.
1,331.164
-
for .invenk__
rehabilitation
res.
The
'
♦
.
__Cr3,888,658
income
Fees
for
res,
exp. ' restored
conv
iv.
to
21,844.727
it
25,484384
31,579*044
>,
►
•
•
Capital stock;; (par, $7.50!
:
•
.
pe(j'
in come
income
statState
.
•
.
,
take
;
taxes.___
$163,215
28,543-"\
28,190*
:
14,882
prof,' taxes,
exc.
23,571
46.359
,44,934
:v 2.009
.
-
29*703
41.383
/
2.086
*
22,009
,
40.273
'
'
1,946*
'1.897/
;
•
,
a
utility
public
operating exclusively
in
State
the
of
Goloradot lit
is;^
—
enraged principally in the business of the purchase; transmission,
distr.'bution and sale of electric-energy for light/heat, power and.
general .'industrial and utility purposes. The total population of the
———
i
and
.relgt! Sl,b®* tCan-
°^ne
h
England t_not
«nn!irw
?ei5 and b2Lm current accounts—offw;
TnS IS
account
with
domestic
subsid.
2.335.958
2,338.520
253,166
guch
.
'
C;,o
_
Goodwill
■
Post-war
...„_^
refunds
Fed.
2.462,337
and
2,696.796
3,804,01.6
the
payable*
with
Accounts
and
payrolls..4„._..
72.834,173
subsidiaries..
112,351,542
649,982
2.174.361
-
37.294.903
86.743.775
;
and excess profits taxes* 26,615,827
—4,993,866
53.835,911
Advance
receipts and Govt,
and
taxes
contract..../../..
....
Federal and State inc.
Operating
reserves
Contingency
Loss
Capital stock
For
plant
sion
and
(par
general
of
auto
liability
.
21,755,660*
19,695,990
2,027,865
•
_
___Z.^
......
♦After reserve'for
in. 1944.
debrec-'ation,'
SUnbilled
costs
/_
.
414,228,503
etc*, of $51,175,140 In
and
fees
on
Cincinnati &
Suburban
sup¬
a
dividend
Co.—Second¬
" r;
of $1.12
;.K;;/.May
of their
families,
Colonial-Robbins
All" of
Corp.
the issued and out¬
consisting of 13,367s-
capital stock * fpai',$3), -and $240,600 10-yeap 8%-debenture
exchange for 8.524 27? shares of the capital stock ipar $20)
per
;ln ^ti\
.
$137,500
.
-Z„
.
.
■
.
.■
">'ia
Authprlzed >•: *'«- Outs
'•///
•
" ♦ ///Z $^2,000
;t50,,000 sh$.
and also acquired at the same time from such pe-r-i
tpe 43,sited and outstanding securities of Edgar Trucking
consisting of 100 shares of capital stock
<par $109),
in
exchange
for
750
shares
of .capital .stock
(par
$201.
43,750
DEBT—The
funded
to
the
year
Company ^'ill be obligated to mak» a fixed sinking
on
the- note in the amount ' of $130,000 on Feb. 1
commencing with 1949 and a cnntinerent isinkin* fitnrt
April t eacli. yqar-commencing with 1943 of . an^ amount
■
■■■■■:'
</.
?*.
-
i
<■ <:
t-
v).: ,t
{•«
/'r j4.
t.-S:-
••
-<*M
n:;
.
sto^k
common
the
of
snfolus
669.
'
ino
After
par).
company,
PURCHASERS—The
..
.
of
names
be purchased by them,
First
Boston
Corp.______
shares .to
The
the
Oct,
of
as
■:,.//
V*;',.
above'transactions,
31,
,
,
^
the
'//:
earned
would amoxKxt''.tb'$106;- "'/-I
1945;
•
///
,-//'**//*'; '
the purchasers and the
number of "
respectivftly, are as folloWA?
21,875 shs. '
Witter
Den
—.V.
163.
A
Co.
Columbia Pictures
Y</-fc
Npw
The
shares
Stock
Corp.—-Listing of $4.25 Preferred—
Exchange
has
authorized
the
listing of 75,000
$4 25
of
common
21.875 shs.
;
1280.
p.
stock
cumulative, preferred stock (no par) with or
purchase Warrants attached.—V. 163, p. 776.
Without
-
•*•■' *
.
Columbian National Life Insurance Co., Boston, Mass.
—New Director—
/./'•
:1961.
payment on
I'
account
outstanding
the then
,
This
fubd'.' payment
•.1,
represented by
debt,
presently to be outstanding, "is
to be in the principal amount of $2,090,000 and-is to. be represented
bv/a 15-vear 3%
Sinking fund note, dated as of Feb. 1, 1948, due
Feb.ll.
from v the; earned
surplus
thereby increasing the canltal^
Stock-acbount to /. /
10,000 shares of com- 4; /
mon. stock (®o rari;
ibi the certificate of incorporation was amnuded :.//
so
as
to provide for authorized capital stock consisting of 50*,000 ',/?
share? of co.mm.oo- stock
*i0t / <>«id rm 4$,740b.Shares-of eo*«nion •'; /
stock
(par $10)
were issued InZexcijang-e for. th« .jO,000'/shares
of / i
$437,5001
account,
.
fixed
FUNDED
transferred
was
can'tal: stock
of
Inc.,
inCeach
share
'4
«*
3'/* / • bonds', series A, due
i
1, 1959^^^.---,---^--/,--.//^"
Cpmrnon, -stock. ($l.d .pari ,
tl)e-company,
liqufdation in January, 1946, of Hannah Pickett Mi 11 s.* Inc., the
accepted as its' proportionate interest in "such 'liquidation
assets, including, the mill, part of the ipventory, and certain
other current assets/subject to the current* liabilities of such company.
'
declared
■
-v.y-'v*;
,;.y,.•;.*>■
*
•
Hannah
company
f/l'itA'i"
'nave
*.
the
;
directors
liabilities,; of
December, 1945, the company acquired from W. B. CoICj- E. L. Cole
E.
S.
Cole of Rockingham.
N, C.,
approximately■••6'*':-% of the
capital stock of Hannah Pickett 'Mills,, Inc., for . $2,031,573.
Upon
Offering—Field, Richards & Co., Cincinnati, on
March
12, made a secondary offering of 500 shares of
capital stock at $106 per share to yield about 4.24% '^"
"r
membijrg
securities, .of
bf
hi
sons' all
Cq.,
the
Increases Quarterly Dividehd—
'">■
acquired ijtill1' No.,/2. asd certalA
current
In
'
Bell Telephone
//*/////%/
:
and
ary
The
shales
of.
t
and $52.-
cost-plus-fixed-fee
ply and facilities contracts.—V. 163, p. 1280.
-
the
RECENT ACQUISITIONS—In Novettt^f/ 194$. the com¬
acquired, from, certain officers, directors and. employees of the
bonds
509,459,038
1945
.
company
finishing, pi ant f at Rockingham, N; C.s" which,/has//bemi
fabrics principally of cotton and td sortie; extent' spup
rayort artd iilendb of spun ravon,. cotton and wool. *;
v
" Z
standing
*
25,953/06
25,958.106
surplus..._4...:i.^__^.^wi.._._.:///l 202,596,023 152,012,070. /
Total
.
to
CERTAIN
40,000,000
,
.
,
cloth*
company, 'or
reconver¬
business..
in
mostly
producing
pany
surplus
Earned
679,946
and
reestabllshment
subject
assets,
,
3,201,671
21,755,660
.
rehabilitation
Custodianship
Capital
.IZCIZ
/
1946; the
and quality.
January;
and
3.333,203
commitments
on
5,414,892
reserves..
used
>
-.,
1,193,943
insurance
are
-
Pickett
«tjtit'rnppd.y exc4«t -aA-^ovided in the indenture, t On Oct;": 31/ /.;/•/
Mills, Inc:, in order further to diversity its business.- The property ,<1945. ally .of- the outstanding common stock, (no par); was/owned: bV V//
so
Crescent./.Thereafter, a recapitalization was consummated by whiefcr
was
consumma
acquired includes a spinning and weaving mill and *.yarn/'dyeing
•1.290.009
Accrued
,
type
other
LIABILITIES
Accounts
trade- and
purchasers were 93.7%; 2.9*%, 2.5%; and 0.w«f #.*.• j.'c»i»»wr»cji*jr« yvr,';•}-*•
and
during such year the company's selling price far its fabrics ,»y
.*/,/'
ranged from 36 cents per linear yard to 72 cents depending upon
Ist.rtftge.
414,228,503 509,459,038
,-r.ri-'r-——,——.—.
export
.
classes: of
In
Total
9.862 residential/ 96.7 commercial, and 293*?.ihunictpaF • and; power t
customers; in* addition to the sale of electric energy at wholesale to a /
^ h°USeS During the 1945 fiscal vear used percentages
and exP°rt trade and are the mostly
field.
-1
-2,159,590
-
profits taxes.w
excess
gOXOOO
48,430,625
i
y;:.
w-<4<
taxes,
of
232)042 '
/
801 600
m
Prepaid insurance,
245)837
71,619,652.
'to
are
■
not wholly owned
♦Property, plant and equipment...
r
quantity
2,358,685
2-29^981
:
234,679.
7"
^ . accounts
wvn/nL
of nylon yarns is- used in the manufacture
materials.
The fabrics*. Which," except for a small
printed, are dyed, irt plain .coiprs and finished in approximately
20 commercial dyeing and"firii9hlfrg plants, no-one bf Which processes
more Chan l'0-% of the company's total yardage. The fabrics, are. sold
by the company; do
:fM
consol.—at cost
^^op^5a .on
:
J? "t.
\ ,■
announces
the election of Harold B. Cunningham,
Kennedy & Co
member*? of the Philadelphia Stock: Ex¬
the board of directors.—V. 140; p. 967.
company
partner
of
change,
to
■"/
7
■
.
■
.*
:
;•>. v,-X,*A;•;>
.;
:
!>-.
(
*:'!*•
.
•'
;;'-*
t -
.
:
V.
•'
': //-.;
i
,:
/'
J-.'.* X
>(
i,; t ;•
■
A
,
Volume 163
Number 4473
1423
,
Co.—Annual Report—J
CommercfoL
/ (Including subsidiaries from dates of
«
acquisition).
Commonwealth
The
.;
company
for
offered
///>.
1944
1945
f •*'
1943
March
Co.—Registers With SEC
CONSOLIDATED BALANCE
SHEET,
[Inch' Its Domestic4
,
filed a registration statement with
the
capital stock: ($1 par).<v Shares are to be
public offering price irt effect at.the time of
the sale.
The offering price fluctuates from
day to day in accordance with the
Changes in the net asset value of., the. shares.-.
u.:
SEC
■■if;-# mu
Investment
1942 *
•
on
shares
100,000
11
receiv:' acquired 451,691,244 469,682,898 476,860,009 569,496,827 "
' North* American Securities
Co., San Francisco,'£alir.,
% Gross insur. premiums, In.
/ J//;-(v':underwriter.-V. 163. p.; .1154. r. ;
y/y.y
< prior to
reinsurance-' 16,253,453
17,943,60S'.' 17,696,608 ' 8,^61,750
Net' sales^-fnanufaetuf. .•
Commonwealth & Southern
Cerilv—Weekly
'. 'y subsidiaries
Gross
-J
principal
U.
.
serv.
subsidiaries
ns
lns"r
p,'"ns''
•
frbrh'.Invest,
.
Gross
JSalaries
of
employes &
agents' -commissions^
'
^1,^06,632
"*.«>
The National
:■
'Irnxtn
vtafc
*
City Bank of New
f
464,590
*
*
--
1946,-
amounted
of New
"announced
and
to
the
^ "
'increase'Of* 4.2
''Tf-
Inc.—Output—
that
system
Accounts
Prov.
t
for
9
'
*V
'4T '
••
Av-bA
2639.
p.
Interest
disc
&
8,236,822
chgs
12,542,075 ^ 11,162,341
= 1,064,780
1,281,743
-
1,070,280
18,469,415
Container Corp.
3,205,885
..
Prov.
!
•••
.
authbrized "the
H
-•
(inch
for Fed.
*
call
on
July
Net Inc.
Ifctolopej?
4.247,359
^
Net
int.
incorrie
„A-
5,031,75?
■
& disc, chgs
»
r
income and
on
-•
»-■
•'
-
preferred stock
' 5,672,795
"
i
^Reacquired
Thfi rornoration^has
>
vr:;. .5,76 x
new
$2©.12
$46.52 -aw*
u -
is
,
(par value $100)-
3,328,024.
25,000,000
in
11,513,643
treasury (at costp_:
hnnrfa
;:
,
fAfter
...
,
'
'
119,378,782
profits Ux, including $1,099,735
for depreciation and
amortization of $37,-'
$35,246,438
in
1944.
JRepresented by 4,268
4,513 common shares.—V. 162, p. 2144.
<>J
started
oroduction
shipments
and
postwar product," a hydraulic controllable pitch
Continefital Call tJ©.,
tturihg eich period—
No. shrs. "of com, "stock,
H.UOr
•'•r-/
Inch
Scrip, * outstdg.
*
n Art
•After
iua
.
.
1.-841.473
1,841,473
A.-.
1,641,473
dedudtihg
hon-Tecurring profit of :$2,456,843,tiess -xOpital
$613,961 'egaftl to $1,841,882 net Dxofit oh sale"" of
pieanef Harvester Corp. stock, added to "reserves fot .Oontingeftoies."
gains
,
tax
of
['NC^fi-^^etotiohs
fo^; the
effect-to
i'
,
the
the
(6)
years
reports
jprevlously published
sines
on
ers 6f record -March
first
propeller for light
Crown Zellerbach
Corp. (&
Sub^-Earning^
Canadian
Oil
1942, -1943*,and
they; nave
*
1944 differ frpm
been; restated "to / give
provision
for
taxes
and
-
'
the
company
1025.
terhpOrarily in
a
staff
Cc^kew tlirccW
.
'
assets^
Cash in banks and On hand
Government
'
obligations:
/
Depreciation
Vorfc, N. Y.-
*
Canadian
29,302,743
-V.
p.
Interest paid
f
4
Profit before1 taxesr:i.i/.i
-
Profi|t
Government^afe cost
^
tr
tike*) ttf^'
a
-
S~teSaHoftS
'
Sundry accounts and notes receivable-^--.
Investments—"insurance companies":
United States Government bonds.
2'320'759
All
other
bonds
stocks
and
wii>^£ti»aasa
Canadian manufacturing
Inventories':Vik.
/
42nd
Street,
Tdtal.
LIABILITIES—
.
55,125
-
-
Unsecured
iiri
i
>
short
term
:
Federal
..
income
botes
i7f607,ftflyv
(1039)
taxes
and
t
,
;
;
•
:
Losses
and loss
Fluctuations
ih
expense—"lnsufahc^ col/'^i;
value Of
market
recelv.*
SeCuritfes-'-
to
Surety agfeements—
policyholders of ins. subs.—
/ Minority Interests! In Subsidiaries^^-'
3.60% preferred stock ($100-par)
4(4 %
preferred stock
Common Stock ($10 par)
Capital Surplus
Earned
surplus
8,865,11©
4,2l3,53'7
1,921,343
1,103,197
662,692
164,205
247,257
25,000,000
's
\
■< -
*
'
e
p. 68..
♦
»
11111^7.-,7^,.
v,.
i
Total
162,
•
55,537
51,811
$5,706,169
——w—
$5,399,620
■.
-V-
.
o.
.
Corn
* to
Hlfl
NroAucts
lAawifKi
,
''
.vK •' T '"r^ V-
Reflningr
Kr'?
.&■!'
^
•irOCk
;
$>,582,205
1,647,505
1,073,874
;,"v
441,634.
173,678
Mr.
little
'
1946—12 Mos.—1945
$789,015
$9,792,290
$9,447,216
308,701/
3,934,727
3,703,475
!/135,286 *
291,929
1,719,378
1.786,172
1,147.484
995,914
-
118,314
;!/
96.513
84,673
78,014
75,338
$227,097
5,247
$185J)17
$2,069,836
]/ 1,226
12,017
$232,-344
$186,243
$46,667
$46,667
6,286
3,728
77,801
Inf r^s ^^00^"'"
int. and deducts/
*
Net income
TVftnSf
from
-
1
Rlirtl
$125,848
$1,444,052
v
;
920,865 /
905,161
/
-
j
t :f;:t
Br6,88J
GV129.132
$i,573,184
Power
&
Light
:
11)005
•;
V
Cr81,206/
378,048
11'" 1'
*r
'.I
"
18,414,730
17,831,441
18,935,583
15,263,377
21,099,565
Co.—Propose© New Voting
Ivulca>
-
-
*
j
-
.
.
*
'
•
-
187,190,217 159,865,493
p.
.
Commohwealth Edison
CO.—Weekly Output—
i;
'.*'f'^g'sooi
/
Electricity outpift of .the Commonwealth Edison'group of companies,
excluding/sales to other electric utilities for the week ended March 9,
showed a 6% decrease from the^corresponding 'period last
year.
Fol¬
lowing are the kilowatt-hour output totals of the past fouf weeks and
percentage comparisons with last year:;" v ;• e/.
: 7;
Week Ended—
Mar.
2
Feb.
Feb.
—V.
23
1946
1945
198.337,000
200,686,000
202,890,000
202,465,000
'
186,281,000
16
163,
f'Z
186,664,000
189,460,000
9
Mar.
.
.162,814,000
P.
1280.
"
f-
0.7
Earnings -per
>
?;
8.2
r
on
for
the
year.
preferred stock
Dividends on cdrnmoh stock
6.0%
5.6
RR.---Earnings—^
.
income
DiVidends
Decrease
.
"V-.-uWI
,
$1,549,816
507,386
.
'
18,414730
?
$2,081,853
$2,067,499
$560,000.% $560,000
£ $139,698
$128,959
preferred *stocks_,,/,-v-/
...
2,007,013
%'
$2,056,494
iV.i*.
surplus
applicable to
?/
$1,468,610
"
--
;;.Balance
/
38,889
$179,391
Dr39,693
income
other
/
-
?'//•"•
:• /■'■
y,;/;
■ •'' //
y •'.
,7/'..v..,1. ;
■■ //./.V The
companyr-filed an application with the SEE on March 4
Tbtal •v
request-//;:
..118,377,046.4-23,802,531
ing permission to amend its articles of incorporation so as to distribute
Tl-arrsportarion and bther Sales/deductions^/-. :!
V.
11,900,250,.12.287,265 I Voting power fairly and equitably between its
/
y
V
•' -/•"" A.
v
preferred and common
/
';:T /- _—■
' "
f
i'
stockholders in conformity with requirements of Section 11 .(Bi
"Net sales—
(2)-of, j
the Public Utility
106,476,796 111,515,266
Holding CCmpany Act.
"*
•
"Cost bf sales
81,961,105
86.272,797 !-"
The proposed amendment would increase the
I
Voting power, under
Selling,'general and admin, expenses
10,621,2425 ! 9,801,582 X cOttain conditions, Of Dayton's preferred stockholders and
■
jpfov.
for ./ additional
permit
compensation
/''H
•;' changes- in the express term's and provisions of the
,cumulative pre-.
profit-sharing. plan,'---—
\> :'899, $89400,829 '* ferred stock.
■"
1
/ .•'
//'
Tdxes; other thai) taxes en incofme"•
707,824 ;
717,454
The proposed amendment would give the preferred
1
Stockholders, in
Deprec., inch amort, of emergency facilities1,876 414
1812,404'' /the event that any four quarterly dividends are in arrears on the
■'
■■■'*
preferred Stock, the power to elect a majority Of the whole board-of
?
V ^tofit • from opefation'L
directors.' The amendment also
10,910,622 .12,510,200
specifies the manner in which holders
Other
income
(net.)'.
of Dayton's common stock
1,980,594 •" .1,759,468
may "exerise their right to elect the whole
board upon the curing of Such
arrearages.—V., 162, p. 3190.
Total
12,891,216
14,269,668
Frov. fcf Fed. and States takes on.mc.
—rZadZZZ* •" *r 4ii'526
u Delaware Lackawanna &
(est.)*.,
Western
Excess profits taxes
.338.00U
359,500 6
/
1946
Postward refund of Fed. exc.
January—
1945
' 1944
.prof, tax (est,.)i_..
-1943Cr35,050
Gross from railway-^-" *$5,543,084
Refundable poHion Of Fed. taxes on Income'of
$5,618,774 $6,432,914 $5,633,925
Net from railway^-^-i
prior year., (est,)1,135,782
529,456
Cr776,072
1.545,315
1.493,518
Net ry. oper income—^
567,926
'*156,543
569,932
617,733
Net
.
./
1,638,615
1946—Month—1945_
$811,8*67
Net operating rev;^;.'
Other
'
'finiri n"
'
.•
#
,
.-
116,738,4131:121,796,518
,9,221,866
:
^
^^
a,«
Dallas^PoWer & Light
Ca.—ESrilingS—
Period End. Jan. 31--r
—
RerpUrt—
Ail
:-4a»
Netted
J"...-'
^J--
Federal taxes',
Other taxes —1_
Depreciation —/——*
.
^V'i ^' f. * :vt"^
Co.:—Annual
«SMtfrW1"' WiSAiMii fi /tf^rniTW
whcr was
—
o^eratlSg ^pS^es,
Named—;
Sales
n*
'XL
^
-
:
haS -beehv Assistant
4
ntUU
-
Will.—y: 163/p. 899.
<t
-X'hM ':p\
voe-wa~/'
w
InAAwv
4
-——
v
.
.
-
of its tax department
tO succeed E. J.
Will, resigned.
Johnstone has been with the
Cudahy concern since 1942 and a
more than a year :ago Was made
assistant to Mr
-
:
stock, no
last yeari—
•
CrOWell-CoIlie^Fublishiiig €o.--Stock Split-Up—
SywWjOOO
Mi'
-V.
peril
period--^
r" as head
common
(
H.rf_
ing^^A14<m^
.
1
The stockholders on- March 12'approved: a splitMip of the common
stock -on a'-two-for-one basis., one additional share to be issued to each
holder-of one share.
See V, 163, p. 1156. - ? -
<
26,216,912
12,19^800
_
'
•
.///:;/
res.
Funds held uhder
Dividends
for
.
losses on lien: obiig., notes & acefs.
T '/ Canadian exchange fluctuations
.
1,984,648
$5,451,431
Cudahy Packing Co.—Officials Promoted
-.
""
//Contingencies-
\
Southern
&
Contingent reserves
Reserves tof: *
/
/
Columbus
.
'.
,
•
30,000,000
renegotiation
Othef' taxto;
Deferred Income
I
2,lo0,2fl8
$5,761,726
Ltd^
profit
L.:
.
Mr/'Dett
£ ayiiaaaatew
22/402,264
notes
.
e
NOTE—No provision
fof. renegotiation of sales t6 the U. S.
Govern¬
ment has been made
because it is believed that
profits recapturable,,
J.
L,.-..,
u any, -MrittM ,4.^).
■
Manager.v; /* *
'; '
Export Director since last July when
he JbihW the1.
J.- TV. DCLlnd, Jr., 1
VhO recently" resigned.—V^
162, p. 3190.
;.
"
.
•
Accounts
of =the
probably wiUTiilto In ApriD-V. 163,
•
president and General
147,991
5,597,576
1,069,865
rs,903,621
484,693
187,190,217 159,865,493
'
payable
Unsecured kV*%
Stock in
M. Lett,. Jr., .has,been appointed ..Director„of .Exports of this
dorpbratioij,' it Was announced recently by - B. D. Mahan, Vice-
-122,856
:
stock
(The) Croslcy Corp.—Director of Exports
,
-
c^t
.
,
common
Tye
' '5,284,320
651,029
......
c
\C162, p, 2615.
•
1
.
Sell
par value, on March 30,. June 29, Sept. 28 and Dec. 28,
------
*4,812,237
3,501,158
1,761,819
3,718,348
—i-—————————--
■
Corp—To
Distributions bf 25 Cents each were- made bn the
-
23,070,290) 38,265,293
av ,i t.' .r'
•
i
p» y w^cuic miiis,, Ltd..
Net
SeU at competitive biddirig its 744,455 shares,
in the
.
::
Other assets
| Deferred charges
• -
proflts tax
New
of ~75~ centV per share on the $3 prior preference stock, no'par value,
payable March 29 to holders Of record March 15, but took no action
0^ the tommoh dividend oto
at the same time.
'
subsidiary.
Fi iced assets, (net)-.i^-^-«-;..
c
*-
'
1,558,809
:
718,278]"
Real estato »nd mortgages..
<$£/&&
2'516'079
4 327^1
■ 1,989,206
Canadian1 Government' bonds
r
interest,
OhtoElectrie Oor ThO sale
•
•
.
9.9%
48,293,573
7,710,704
'.t^r?ntoyt0"s>.. •.
/"'■
c
,
681
•
351,698
25,490
;
■■0;fs Minority stockholders',eauitv ih parnm^~hrt«
fnanufaccipally Pacific Mills
v
^ ' pr
.
The^ Corporation-Will
or
—
.SFrwfc*wte"De?toMrman'*reS
2S 369 585 *3 655
')
SSwtii 'aS
3 311 201
4 813 730
SSShSE?o 516 07^
■
oh bank loans.
>,'r
Ohi© Utility—
20,523,281 /
■
Accounts and .notes feceiVable:' "
Motor and industrial retail and FHA
—^
•//'/-Motof and industrial whoIesalC-i-^—i—-'
J7rl38,499
$76,545,449 $75,148,549
55,008,822
54,767,619
7,002,592
6,432,245
2,772,604
2,907,342
473,344
402,723
amortization.
Depletion
2639.
Continental Gas & Electric
19,601,088
6,013.497
J
-
"«
.
and
i
-Mutphy is - Presidenbnf : Boech. ^Arthur Pa pet CO.,
^rers .Wales, Pa., and executive
of paper and paper specialties, es at
with-properties- At^MOdena-and I
North
17 East
;
United States Government—at cost
,
V
,-,x
412,265
351,698
136,804
J'fOduds^Tnc.;
of other expenses—
Cost of goods sold.
i Operating expensesa
"
mm
-
29.8,418
_f
" V
■*.
-\:i
^
fthe vacancy
Chftord Campich, Jr.-
offices/at
'
-
ae-
.
,
.
%
1945
f
<
advisory" capacity.
(b)
31
°ther income, net
,*
;
in
Coiitinentel-DiafhOnd Fibre
the elimihatibn of a charge to operations, in the year 1942,
hf $445,489 representing a portion of the-purchase price of investments
In manufacturing subsidiaries.- This amount Was
subsequently, treated
its a charge to earned surplus. -
/iig
with
163,
income *of
net
-Oivs. 'for EibebOard'
,
••
"-'v^v-.'-1 \ ."•;
$75,768,529 $74,523,085
„„„
-v.
sales,
Vice President
remain
| renegotiation and redetermination of profits under the War Profits
-
'. '
Subsidiaries)
exclusive' of
Inc.—(Jflanges in .Fersonnei---1
-Changes iii Personnei
meeting- of the uuvvvvio'held on Fe^ 27; W C. Fog&rty,
held Ott Feb.. 27, Tt
iuccwus or
vat directors
C._.
General Manager- of-the-company's EastefncDfvlsion, was
-
charge of sales; Paul E.- Pearson-, forihelly
'
Vice President in,charge of equipment development and
research, was
named Yice President, in-cha-rge of
-operations; and Allan" M;; Cameron
C moved up from General Manager of equipment development and
manufacture to -the position- vacated
by- Mr. Pearson; -' : - 4'
)
v. In.
•
announcing these appointments, Hah&> A:
Eggerss,; Executive
Funderburg, formerly Vice President
r Vice/President, said,that W. H
in-charge of sales, has retired because of ill health, hut that he* will
ecause
t
following:
effect
,«'C
formerly
elected
- -
atendofeachperiod. 1,841,473
V-«
L
,
-Afr the
;
ine -airectorsr
share
Pror
its
of
j
on-March 11 declared a
dividend of 40 cents
per
the $1 class A
stock, no par Dalue, payable April 1 to hold20.
A similar payment Was made
oh this issue
on Jan.
2 last.
In JI945. the
following dividends Were paid: dan. 2
and*April 2; 30 cents each;
July 2, 35 cents,-and Ofct. 1. 40 cents."
Arrearages, / after giving effect to the current
distribution, will
'
^ $3.60 p^r Share, on the class A stock.—V. 162, p. 3071. •» ■. 1
Starts
—
Ritrh
r*ltcn.
1946
AA
.
119,069,423
and
allowances,
4
,
*.r'.rA:
aaa
reserve
1945
'(Including
'
)
Tim
excess
'
'
11,162,299
694,810
694,810
,
.
25,000,000
63,250,000
63,250,000
held
r*Postwaf ^tofund"jOf federal
or
com. stk.y lncl. Scrip,
outstdg.
at
end i of
each period
Cash divide, t>er
shr. "
.paid' on; com. i Stock '
1,514,647
2,778,723
-
!
steck
.
—
V
.
sS"3S^n^C»c?'!^
$52.13
10 94
8.31
69,341
2.291,559
"
tr Total
peller fof -Llght Pl^DfeS—^
<
.
•
9,420,866
2,071,598
A: l
•
6,991
6,991,660:
-
i
8.7©
400,829
8,531,613
2,071,598
cor-
.
_
6,357,343
-j
11.77
■mS&t-....
,
other
Earned surplus-
arranged to acquire control of California Con-
*. *■«><*•
3,546,629
399,589
*
L T;€oniiti«iittal Aviftttoit &,
Wvrtfsrtilto"
ProduCtiOft •«*i'NTi9«r- liyqraullC fTnhl^Tlnhto
ofvOnlrGiiaDie
S770
8,362
,i,6S0.
x-
7.69
.
-
^
.
6,486,489"
120,784
*1,508,118
.
•
earned
-
17,182,563 ^
10,602
-rfifoes >1
i--—
' ( '
Net inc. peT Shr,
*
i; -preferred^
t)ivi. fequifes. <m pfd.
etock^-times earned— '
Net intome pef Shr. on
,
:
Cr795,000
"
interests -
4,236,867
pr'Ofitv
taxes
—.
_
Minority
items
under
porate taxes for current and
prior yrs-. (est.);
on pfd.
and •cOm; stocks_.«j
^
Due to officers and
employees.
Due to subsidiary
Stock
.Jand,affiliftted. companies—i
............iReserve for
contingencies
i
Rftswvfi® iot cohWn
'933,874
Dividends -payable
.
"
accrued
compensation
-£
•
,.','V
of America—Acquisition
This^corporation has
Code (est:)>
plan-.
preferred shares and
y-i'<
Rev.
year,
^
;
a-VoeciaL iheetTng
/•A' '
162)
236,988
733,695
119,378,782 119,069,423
payable
addit.
sharing
•
per share.—V.
v
392,869
"accelerated amOrtiza-
Internal
LIABILITIES—
output of. elec-
purchased) - for the week- ended
kWh:; compared With-176,*
183-,OTO;(JOO
%.-7tV,""163,n?.'1280.
nf
und
of-the
prov:
■
incorhe
and
Total
400,000 kwh,-for the corresponding week or 1945. an increase of
3.8%.
of ele'ctrioity amounted to
180,200,000 kWh., com78,971 V,
pared with 173,-160,000 kWh. for Hho
corresponding n-eek of -last
„
'carry-back"
>tion'
t --.-Locai distribution
'
<
lot-
728,295
19,662,140
36,972,010
'
Consolidated-Steel Corp.—^to Call Prefetred
-Net
200,Qll
6,782,789
463,119
20,927,2ii
-■
■
6,489,567
7,623,250
'
710,266
Yorlc has
4r
«•*
65,604
' -
March
^
*
.<
been appointed registrar
preferred stocky and common stock.
'{c cumulative conyferfible
The company^ on March 13
tricity«(e^ectficity-' generated
<■
f f
.
i»vf
in
*1,802,057-
105,827
31,4.6,523
tproperty,; plant and equipment
prepaid insurance' and other
expenses
^
234,-
week
1,^20,050
5,613,211
bonds+:
I)e La Habana-Registrar-,
-V Consolidated Edison Co.
l
10,787,637 >9,32"6,©16
4,928,875
'3,959,678-' 4,273,467
•
l
-
10,610,823 .10,259,629
■
.
.'784,887
'
u\' '
Other management bxps.
4,234,158
»"i.! Divids,; to policyholders,' -I
y? ■ J
' • '■/•'%'
\ -insurance
subsidiary yC 574,763
602,162
Jfteservec tor' UahadiAft^ *
*■ \ ■
w '■*<* *<
f
exchahgec fluctuations •
29,299 ><!:; '27,'$6f
*"Jtos/ tor♦testes to ©to/'v
*# *.v»
•
ij- Comi>a.,la LilograHca
35,367,939 4 37,263,638
36,126,071
-VVV'.. » y ..«•?
•
«"
I
9.528,^59
and
__1— ' 32,940,363
income
refund
from
;
V. for the 6
'"
-(
'
J4,631.617 V
i6.oio.28S
mm'--X-.i.K*-.
shhdry j ifxeome—2,018/944
1,^03,851-
'
tax
35,442,280
•
1.495
commissions, fees, etc.- 14,903,495
V Inc.
Govt;;excess profits
$
16,019,591
37,998,335
Investments
of tor-
to
iSS )o,582,o2s* w>m
1
EarnM"
j
•
Output-
; commissicms
IS®
■.
"
1944
11,9*6,241
and .accounts receivable .'(domestic
)-,—;.
domestic subsid. and affil.
cos.—-.
Inventories (after
reserve)—
Foreign
receivables.
Due
'
'(
S.
.Notes
,
i Discs;
31
1345
A§SETS—
■■■? :
■■■■■■
■■,./•
tm nand,
demand and time deposits-;/-,
Marketable securities "(at cost)——
Ca&n
i
v
.
is
DEC.
Subsidiary Sales Companies]
of
the
at
.
Common
*inciuding .inctoase
shart.
M
/. 8,532,092 C
1,720,124
,1,720,124/1
6,566,266
6,566,266 ul'
$2.73 /, ; /.-• $2.69 riL
8,633,393
(net).
(net).
^t*^n?J^^06fixea8'priced
.
i
»Deficit.~-V. 163, p. 649.
DennisOii
The
dendTof
MafiiifkcttiHrtg Co.—60-Cent Common
directors
$3
April
have
declared
a
p^Sie^
lto
holders of
dividend
of
(0
preferred stock
record
March
18-
cents
per
Div.
share
paf $50, both payA payment of 50
centa
THE COMMERCIAL # FINANCIAL CHRONICLE
1424
distribution of two additional shares of common
stock, par value $1, held
1946, at Cleveland.
The Committee on Security Rulings of the New York Curb rules
that the common stock be quoted "ex" the distribution March 14,
—V*
163, p.
1026. ft
ft./ ;,
. •' ,//
; ftv '
. ft/ ./-.
shares for one by the
last
paid on the "A" common stock on April 2,
on April 1, 1944.
Distributions oT $3
on the -prior preferred
stock on April 2, 1945.
In addition, the prior preferred stock :Is
was
lo
payment at
last
the
quarter,
&nd_on.April 1.-19M..
recedivine been made on
this, rate having been, maae o
company for its services in connection with the atomic
project. ...
,,,
ft./
in ,1945 the company, executed an agreement with the Gov¬
providing for the payment to the Government of discounts
at varying rates, on certain
renegotiate business in 1945; under this
agreement, payments aggregating $7,891,449 were made. to the Gov-.
ernment for the nine months ended Sept/ 30,
1945, at which date
the; agreement was terminated as the result of the end of the war.
In addition, the company made a number of
voluntary price reduc-
I
■
.
>■
.
.
ft'
ft
; '
■; </•/,..
J'
Eastern Gas # Fuel Associates.—Dividends.—
clared
above.—V. 162, p. 669.
as
Rio Grande
Denver &
■■
,
The
si; sssr-s—?
ss
1944
1945
OroTX.
l'?II iSl
-
—
V.
/'ft-',ftft, ft// ■ /:;//'//"'ft/
777.
163,' p.
Denver & Salt
from
Net
Net ry.
78,993
railway
income mortgage
after April
91,217
86,422
income—
oper.
$269,947
69,131
$33*'9no
The^direc^o^havh^declared
on rv
1945
1945
railway——
from
Operating
Operation
Taxes
York, N. Y.—V..16J, p. uj.
railway—-—
Balance
—V.
163,
p.
$430,767
v
Dewey & Almy
242,22
66,114
75,2U»
The
$2,769,482
741,600
•
-
$254,275
61,800
$215,909
/
amortiz——
&
•
25,542
annual
Balance
'
——$178,668
B. V. G. & E.
$1,569,155
$153,092
to
Applicable
Chemical Co.—Voting Power Given to -
ft.
77,652
to
minority
interest^--
22,709,
—„
ft
.
,
—
20,724
.
meeting of stockholders
224,622
.
Sales
—V.
!-*
—
163, p. 778.
,
1946—Month—1945
$818,643
$686,176
,
"
,
1946—7 Mos.—1945
$7,639,653 $5,504,481
,
Total; ——ft—.
.
$1,577,432
ft-—ft;
income taxes).
49,058
——
Vice-President—
-
Interest
Corp.—Stock
1945,
been
only
deducted
When the
war
$13,000,000. of; the above-mentioned
in
computing taxable earnings of
emergency with respect- to such facilities
.
...
effect
,/ft'ftft./ft,-ft/,//;i':-//-:/.ft
of this
-wft—
---ft-
1,371,295
$47,889
dividends paid-
Balance to surplus
~,V. 163, p. 900, , ,
K
profits tax refund bonds
tAccounts
and
notes receivable,
for depreciation
reserve
and
;ft:V ft
DEC. 31
196,176,372
ft
*7,633,312
254,000,000
"
"
1
40,465,828 :.
/ Securities
of
to excess prof-
'
"
...
wholly owned, at
/Other securities and
companies
not ft
cost-_________________ / 14,637,992
patents, trademarks, etc
charges
ft:- Total
r..
508,628,689
______/
39,989,880 ft
•
:>
--
-
ft:
ft 14,637,992
25,545,555
486,858,137
" 23,400,263
at approximate cost.
-•/,
'
,
investments
Plants and properties,
-
23,002,393
______
controlled;
ft
';
_____
46,392,635
83,855,559
12.539,943
247,000,000
13,832,498
Postwar credit with respect
ft
its tax
(estimated
.
-
90,974,265
Miscell. accounts receivable, advances, etc-ft"
Gen'l Motors Corp. com. stk. (10,000,000 shs.)
Funds restricted to U. s. Govt, contracts
Goodwill,
: 145,757,927
12,552,708
40,093,149
.....
trade______
Inventories
i $156,764
—
-
-
year
v;
Excess
$1,390,921
1,234,156
$1,419,185
-
?
treatment
inepme for the
//Deferred
Offered—Offering of
of common stock (par 100) was made
-The stock, priced to the ;ft
shares
91,216
17,972
Balance for dividends
Common
51,000
1,
had
•
$1,542,300
39,757
.' 92,176
ft 19,445
Expenses ■
Taxes
(including
John S. Mayer, who recently concluded his military service as Colonel
>US, has resumed his duties with the above corporation and has been ;
elected a Vice:President, it was announced on March 6.—V. 159, p. 636.
Electric
earnings fbr the amortization of these facilities
(contra)
'
Distributors Group, Inc.—New
Dumont
of
the
■/Cash
$1,329,296
213,004
companies—-—ft
Dividends from Fall River El. Light Co.
subsidiary
ft
1945
1944
-ASSETS—ft ;ft ftft^-/:- ■:ft'/--/ftft;:■ g ,////
v-
,
$1,352,809
224,622
from
Dividends
prior to 1948
further .assessment.
years
to
CONSOLIDATED BALANCE SHEET,
'
.
closed
/ pbsqle$cqnce//ftft./ft;ftftft/;ftftft:ftft--:ftft
„
Feb. 28—
of
Jan.
■
Period End.
are
corresponding amount is carried in the
a
213,004
y
Income for all
is an increase of about $500,000 la
1945.
; ;■ /•'■
.ft
Until the postwar situation can be appraised more
completely and
the prospect for the further use of these facilities better
determined,
they are carried in the plants and properties account at cost and
$1,387,838
$1,468,793
Applicable to E. U. A
Non-subsidiary income
on
returns
audits
remaining
Income.-
The?
$1,408,562
$1,491,503
the
and
declared at an end by Presidential
Proclamation; the company
from taxable earnings for the years 1941 through 1945
remaining $21,500,000 of its investment in emergency facilities.
As a result, taxes for this five-year
period were reduced by $18,200,000, ft;
which reduction is reflected In the current
provision for Federal taxes
on
:
the
the
the net
Balance
to¬
to
recomputation
war
that
out
books
deducted
$1,486,214
Co
factors,
materials
the
was
18,030
^
-
aside
set
balance
Prior
Preferred Dividend Deductions:
,
These
war
and
OF WAR EMERGENCY
FACILITIES—During the
period the company expended about $34,500,000 of its own funds
facilities." • Prior- to ' Jan. 1, 1945, $16,800,000 had
amortization
*
77,652
1,770
of
1945
company.
In view of the war's end in 1945,
of $17,700,000 was set aside out of the book
earnings of that year to complete the amortization of these facilities.
recently held, it was voted
to give the common stock, of which there are 300,015 shares out«
Total:--ft—--ft...
$1,693,416 $1,600,842;
standing, one vote per share, to change the name of the class B ;
Expenses, taxes and interest EftU. A,—; 158,247,
151,378
common stock to common
stock and to merge the two issues. There
had bbeh 7,200 shares of class B common
stock outstanding and Balance available for dividends and surplus—
$1,535,168
$1,449,463
they had carried voting: power.
" '
'
''
;
William H. McLean has been elected Treasurer.—V. 162, p. 566.
c
COMPARATIVE INCOME STATEMENT (HOLDING•
ASSOCIATION ONLY)
f .ft
Diana Stores Corp.—February Sales Hose 19.3%—
.
•
12 Months Ended Jan. 31—
1946
1945 ft;
the
settled
expocted
the
the
442,513
433,184
■
36,608 >;
./."-■ft 2,775 '
'
of
sales
"emergency
on
$1,946,758
$2,027,882
$192,475
35,470
-.
'
deducs.—
Government,
of
AMORTIZATION
for
305,201
/
the
reduction, in
the,latter, part
company's Federal taxes
been
is
war
$2,686,898
740,140
61,800
business
drastic
during
Revenue Code.
$2,381,696
$277,709
—
with
,
for, 1940 and subsequent years will not
be completed until final
disposition has been made of the company's
claims for. the corresponding years under Section 722 of the
Internal
-.--V"...
Common, Stock—
ft/ft At
s
$2,445,743
323,738
income
Gross
$403,374
243,320
62,865
$228,856
25,419
31,747
the
amortization
It
1,751,128
$245,961
1945
with
the company.
1943
$410,352
52,469;
income—
777.
Net ry, oper.
,
.
1,861,561
:
emergency facilities, reduced
the company's ft
renegotiate profits to a level where it is believed no "renegotiation"
liability exists for the year 1945.
1946—12 Mos —1945
165,229
''
i^.on ;/v, 224,634
$362,596
from railway
Gross
Net from
of
Subs.)—Earnings— ':
187,818
taxes)
Retirement res. accruals
.
Miscellaneous
1944
1945
627,167
33,908
its
on
Government
been
Line RR.—Earnings-?-
1946
Tanuarv—
ft-
(inch inc.
Interest
Detroit & Toledo Shore
v
.
Net operating revs.—
Non-operating inc.—net
on the
gold bonds for the year ended Dec. 31, 1945. Payment,
1, 1946, will be made attheTnter)naitionalI Ti-usl; Co..
tions
gether
$1,060,609 $11,877,842 $11,585,726
626,920
6,903,684
6,902,661
550,239
666,853
39,602
$1,094,856
revenues—^
Maintenance
$296,155
105,643
126,192
$300,942
92,632
112,076
(&
1946—Month—1945
Period End. Jan.* 31—
1943
1944
interest payment of 3%%
an
and the Bankers Trust., New
Denver, Colo.,
-
Lake Ry.—Earnings-
January—•
Gross
/■'■
dividend of 75 cents per share
6% cumulative preferred stock
a
the
Utilities Associates
Eastern
ft':ftft/'ft;
/
on
usual
the
have
siSSsSS
'
accumulations
of
quarterly dividend'-of-.$1.12% per share on the 4J/a%
prior preference stock, both payable April 1 to holders of record
March ,15. :
//ft .ft :
/' ft;/■ •/
//■•■
After
giving effect to the above payments, arrearages on the
6% preferred stock will amount to $35.25 per share.—V. 163, p. 778,
and
.1943
JJffi-ffi
oh Feb* 28 declared
trustees
account
on
;
RR.—Earnings—
Western
iQ4fi
•
1
,
,
Early
.
•
the
ernment
...
ft";,'
to
energy
stock par value $1; for each share of common
of record at the close of business on March 1,
cents
each
Monday, March 18,-1946
credit
39,995,888
3,986,785
3,002,056
v
_________________
1,204,921,184 1,170,038,642
March 11 by First Colony Corp.
the account
public at $4.75 per share, is being sold for
of
>
stockholder.
a
E.'I. dn Pont de Nemours & Co.—Annual Reporfft-L. du Pont, Chairman and W. S. Carpenter, Jr., Presi¬
dent, state in part:
'
'
incorporated on Jan. 12, 1946, as suc¬
corporation organized in 1928, known as Dumont Electric
EARNINGS—Earnings on the Common stock for 1945 were $6.29
Co., Inc.
The * company is one of the leading manufacturers of a
share from all sources—operations, dividends from General Motors
capacitors/commonly known as condensers.
It specializes in the
Corp. common stock, fees for constructing and operating Governmentminiature type for use in fluorscent lighting equipment, hearing-aid
/owned war plants, and miscellaneous other income—and after divi¬
devices geophysical exploration devices, radio and electronic devices.
dends of $4.50 a share on the preferred stock.
Dividends on the
HISTORY AND BUSINESS—Corporation was incorporated in New ft/
common'Stock aggregated $5.25 a share,
ft
t
York Jan. 12, 1946, as successor to a limited partnership known as /
Average earnings; and dividends per share of common stock during
Dumont Electric
Co.
The. partnership in turn succeeded, on Oct.
the four-year period following the entry of the United States into
7,
1941, a corporation organized in
1928 and known as Dumont
the war compare with average earnings and dividends of the three
Electric Co.,
Inc.
Such succession did not result in , any material ft preceding years as follows:
>
.
'
change, in the. ownership or control of the business except inter>
1 •,
i'
—Average for Period—' famjly changes.
■
J ft
ft
ft'
-.
1939-1941
1942-1945
Reduction
The company believes that it is presently one of the largest manu¬
Earnings --------ft--.------—•
'
$7.45
.•
$5.89.
...
.21%
facturers of capacitors,
also commonly referred to .as electric, con¬
Dividends
^
——
7.00 ; * 4,73.' - .32
densers, for ; use in fluorescent starting
switches and hearing-aid
■7
It should be recognized that certain matters affecting % tl?e financial
devices,
'ft".''ftft' ft
/ftftft-ftft ft/ft/ft ft-' //"ft.://;-/ft ft": ftft ft
.ft.
In the main, the company sells its products to customers -engaged 'ft results of the company's activities during the past six''years remain
Dumont Electric Corp.
cessor
to
was
U.
ft;;
ft
.
.
..
,
.
.
various types of electrical appliances and equipment, ft
It is believed that approximately 50%
of company's production is
used in the fluorescent lighting field, 20% in the electronic hearingin
unsettled,.
■
producing
For
example:
'
>>s
-•
-
20,676,747
40.465,828
pay.ft advances, etc.___j. ft;
with
taxes
on. income,- and
liability
respect to renegotiation of war macontracts (est.)__—___
,
15,110,072
16,476,433
,
•'
>
.
ft ft /
•
terials
ft
accrued liabilities_____-_____i______
IProv., for awards to employees under bonus
-
2,086,274
1,262,015
22,128,784
ft Other
ft 23,867,428
t
.
■
plan
;
8.417,896 ft
8,206,844
contingencies—, ft 31,482,932
32,605,087
ft ttReserved for pensions_.__.___Z
"ftft- 29,754,099
' 31,460,209
ft Reserve for deprec. and obsolescence_.____
283.327,891
241,380,494
; f$4.50 cumulative preferred stock_i._Z__i.___i.
168,885,000
168,885,000
Common stock ($20 par)
222,450,240
222,450,240
Surplus
ft 384,265,043
365.510,105 ft
Common stock in treasury_____-__________,
JDr79,570
Dr1,841,427
—
Reserve
for
•
Insurance
and
.
.
.
-
21,893,664
SFederal
.
;
'
,
y.
S. Govt, contract advances (less charges ,.
» ,
.
in process of settlement)—/ft 13,832,498
Miscellaneous accts.
a
,
trade___l______[
payable,
Accounts
(
,
Total —1/204,921,184.1,170,038,642
tAfter
reserve
for
4944, $3,569,791.
ft
-
'
,
doubtful
accounts
$3,858,981;
notes, 4945.
and
ft; v4-^:..-;s'5 *
ft ft -i./ft
-'
tRepreserited by 1,688,850 shares no par Value.
'
'
'f
3.940, 1941 and 1942 the company set aside
from earnings a contingency reserve of $25,000,000 to provide for ;
ft,: § Includes Federal taxes on income and liability under Renegotiation
aid devices field, 20% in the radio industry and the remaining 10% ft /possible shrinkage in inventory values and other possible costs and
ft Act
(est.), $105,801,274 (1944, $139,802,115),. after deducting ft $103,in miscellaneous fields including the geophysical apparatus field, radio
expenses occasioned by the war period. / While it has not been nec-.715,000. (1944, $138,540,100) U. S. Govt, securities, y,ft; - ./,y y is»ft ft^
replacement and repair trade.
essary to date to utilize any part of this reserve, it is believed that
Exclusive of $4,514,079 in 1945 and $3,868,005 In 1944 included In
Early in 1942 the company partially converted its production to the
sufficient time has not elapsed since "the end of the war to determine
::,ft current liabilities.
'
manufacture of capacitors for electronic devices used by the Army
the extent
to
which it may be required—a period of about three
and Navy,
such as proximity fuses, weather indicating apparatus
years was required to finally settle
such items relating to World e'// ttlncluding in-1945/ $24,300,000 obligation to trustee for funds bor¬
.and radio intercommunication devices,
ft
-'
'ft 'War I.
rowed from pension trusts and in 1944,' $25,100,000, and is after de¬
'
.
,
"
During the war years about 60% of the company's production was
ducting cash and ft U. S. Govt, securities of $35,698,341 in 1945 and
(2) Claims made under* Section' 722 of' the internal Revenue Code,
for war-end use and about 40% was devoted to the civilian field,
$20,643,915 in 1944 held by trustee of,pension trusts./,
*.
ft^r
and not reflected in the company's financial statements,
ultimately
ft
Unfilled war orders as at Jan.
20, 1946 amounted to less than
jmay result in a reduction in Federal taxes for the years 1940 to 1945,
NUMBER OF EMPLOYEES AT END OF YEAR
$10,000.
inclusive. '
ft;//;/:
'
'
{
*
'
^
1945
1944
1943
The company Is presently
acting as agent of the Reconstruction
Du Pont and wholly owned subsidi•(3) Government audits of the company's tax; returns for the .years
-»ft
i
/
/ft"
Finance Corporation on a commission basis, in connection with the
'ft: ft
;
subsequent to 1939 have not been completed,./
ary companies
ft
ft*
/
' ^
67,461
!
64,100
63,200
;
receiving, handling, inspecting, storing, reworking, selling and other¬
wise dealing with "Dumont" capacitors, under a contract dated Feb.
.
■ /.-<- •*.
■
COMPENSATION FOR CONSTRUCTING AND OPERATING GOV¬ ft Government-owned plants operated
by du Pont-ft_/_-_^__
,
11,301
45,000
52,400
ERNMENT-OWNED
20, 1945, with Defense Supplies Corporation.
In view of the negligible
PLANTS^—For the entire six-year period, ,1940;
amount of the "Dumont"
capacitors returned to * the company by ft through 1945, during which the company has been engaged in con¬
RFC, company anticipates that such contract will be terminated in
structing and operating Government-owned war plants, the average
the near future.
ft'-'" ;ft';''"ftftft;ftftft.
annual compensation
/ -/ft -ft", ft ft
received for
such
services: has' amounted to
STATEMENT OF CONSOLIDATED INCOME FOR CALENDAR YEARS
The company has now resumed full-time civilian manufacture and
approximately 11 cents a share on the common stock—after deducting
sale of its standard capacitors (predominantly of the miniature type)
f;i
1945
1944
.
1943
applicable administrative' costs, "excess profits" taxes at the' top
for/use in fluorescent lighting equipment, hearing-aid devices, geo¬
rates for the respective
years,
and- certain out-of-pocket' expenses
•Sales (net of returns, etc.)—for which the Government does not make reimbursement./' The com-;
611,256,225 622,062,712 585,481,5^1
physical apparatus and radio and electronic devices.ft Production of
Other operating revenues__r_—20,319,189
ft capacitors by - the company at the present time aggregates approxi¬
pensation, after taxes, for construction services was about l/15th of
24,105,683 27,457,766
mately 175,000 per day, involving an approximate average selling
1% of the. entire construction costs, and for operating services about
Total
631,575,414 646,168,395 612,939,287
price of $25 per 1,000 units.
4/5ths of 1% of the cost of products manufactured in such plants— ft'
:'ft ftft'ft '-/ft; /..ft-;- ftft.;ft/,/.:-' ."ft/ft ft -.ft-ft /ft/
Cost of goods sold, etc.; oper. chgs._ 404,002,160 400,863,217; 368,146,417
the total being equivalent tb slightly less than
2/5ths of 1% of thS
CAPITALIZATION
'
1
54,072,084 51,151,414 47,554,017
cqmbined;construction and operating■:cpstsft;ii//ft..H ;/ ft;//;; /ft,:/;'// J!/ft/' ft Selling, gen. & adm. exps.___^ift
■ftft-ft/ftftftft;./;ft.-;ft-ft. V
ft v
ft
Authorized / .Outstanding
Prov. • for pension ■ reserve—.
5,000,000 ft1;■; i//—♦«' TAXES
(INCLUDING "RENEGOTIATION")—The provision for FedCommon stock (par $10c.)
ft;; 500,000 shs, ft.
*320,000 shs.
Provision for deprec. & obsol—___—
46,127,141 33,940,273 31,985,577
*, era!-, 'taxes
on -Income
was made
•Of this amount, 51,000 shares are now being offered and 106,500
at rates specified by the Internal
Prov. for Fed. faxes on oper. income, ftft-/:./r
'/ft. /-ft /.'ft.
ftft/ftshares are subject to options granted by the-selling stockholder to the ,/• Revenue Code. ftft:ft/ftftftCift/ft //'ft;, /■ /ft;:/,:;/>///■;/:■;
//ft' ft'-, o.:'. -ft•••••: '■•/ 'ft. ■/
(allocated portion) and for liabilftft;'-"1
,/-•/;- /■/
underwriters.
ft://ft •■,/,.!: ftftft •■ft-ft-ft/ ft.
-ft ...ft-ftftft
Under''the 'Code,, earnings designated as "normal" - income were
ftft ity under Renegotiation Act_^i-._ 75,620,000 116,870,000 118,307,000
ft
taxSa* at • the rate of' 40 %, and earnings
COMPARATIVE STATEMENT^ OF INCOME
designated as "excess profits"
wereHak^d'
the rate bf. 95%—with the
provision, however, for a .ft Operating income
Sept. 1, '45- Year End. .11 Mos. End. Year End.:
46,754,029 43,343,491; 46,946,276
post-war credit equal to 10% of the "excess profits" tax paid, /the
Divs, from Gen, Motors Corp. com.
30,000,000; 30,000,000 20,000,000
ftftftftftft ---ftftftftVft :,ft.Jan. 20, *46 Aug. 31, '45 Aug. 31, '44 Sept. 30, '43
;
credit to be represented by excess profits tax refund bonds to be
Income from, invest, in controlled
*
Net sales'lU-^—$578,615
$1,514,780 $1,358,273 $1,377,002
ft
- ft
/_
issuedyby} jHWfjU S, .-Gqy^ument/ maturing in from/ two [to' five years
Cost of sales
271,026
companies not wholly 6wned_ii_
1,772,130
2,036,601
2,116,967
829,4$3
687,397
524,811
after the end of the war.
The Tax Adjustment Act of
Miscellaneous other income (net)—.
2,614,848
4,528,214
4,356,576
1945, enacted
Sell., gen. & adra, exp.
ft
64,583
166,063
134,867
102,540
in July, permits, deduction thereafter of the
post-war credit when
Less provision for Federal taxes on '/■■■'
///.
.-/"/fty
making payttifettt -of the ^excess profits" tax.
The Act further proother Income
Dr3,620,000 Dr4,290,000 Dr3,7l3,000
$519,233
$243,005
$536,008
Operating profit-——
$749,650
vides <that"/ refund; ;bond$;
previously issued will be ^redeemable on
179
175
10,817
Other
income———
358,
ft
or after Jan. 1, 1946.
Such bonds held by the company at Dec.
Operating, etc., income.^.
77,521,007 75,618,306 69,706,819
^1) During the
years
'
,
,
_
,
.
.
.
,
-
<
-
..
.
_——_—
.
.
,
<
•
—
1
,
,
"
.
•
1
$530,051
$243,184
profit——''
Renegotiation refund—
; '
—■'
Net
$536,366
235,613
Pro forma adjustments-
$243,184
10,555
adjusted--
$253,739
$273,051
182,700
196,600
$71,039
$76,451
Actual
Profit
Pro
as
forma
& exc.
.
net
profit-
Fed.
.
$245,051
28,000
.
$300,753
36,966
31^945,.>ggrqgating<$12|552,708, have since been
$749,825
514,335
$235,490
6,400
$337,720
285,00O
$241,890
income
prof, taxes
-
174,160
243,160
.
redeemed for cash;
Reversion of taxes on income and
■/■■-" /'ft. >/■;■
The'cbmpahy'has filed/claims for refund of a portion of its taxes
renegotiation in prior years in ex- / ".-'ft//'' "/-ft';'/'- ■; ft '' ■ 'ft'.;
ftft;ft//'-'
paid for the years 1940 through 1944/under provisions of Section 722
cess of requirements___—5,251,800
ft
of the Internal Revenue Code.
The claims,: which are substantial
in
amount, are now being examined by the Bureau of Internal /"ft. Net income for the
year___—
77,521,007 80,870,106" .69,706,819
Revenue.
Within the period prescribed by
law, a claim will be filed
Dividends on preferred stock—--!7,599,825
7,599,825
7,599,825
for the year 1945.
These claims have not been reflected in the com¬
Dividends on common stock____-_-i
58,374,725 58,325,570 47,224,665
pany's financial statements because pf the Impossibility of determining
Common
shares outstanding!---/^ ;11,117,862
11,109,680 11,109,993
the amounts which may be realized or the time of such realization.
Earned per share——i
$6.29
$6.60
$5.59
The company executed interim "renegotiation" agreements with the
du Point company's equity in profits
:
r
ft
Government during 1944, under which it prepaid to the Government
r
of
controlled
cos.
not
wholly
ft
$20,000,000 on account of any liability for "excessive" profits In 1944
owned exceeded the div. received
:
^
/ft
which might later be finally determined under the Renegotiation Act.
from such cos. by approximately
888,000
1,204,000
1,225,000
Final determination of such "excessive" profits for 1944 has now
•Du Pont sales fignres do not include/the value of products manu¬
been made.
As the result thereof the company was called upon to
factured in U. S. Governmentr-owned plants.
Compensation for con¬
ihake an additional1 payment of $3,334,000, for which adequate pro¬
structing and operating such plants (principally on a fixed-fee basis)
vision had been made in. thertbompany's accounts at Dec, 31, 1944.
is included In /'Other Operating Revenues."—V. 163. p. 102Q.
The Government's findings
for 1944 quite appropriately gave no
,
.
,
Pro
forma
net profit
—V, 163, p. 1156.
$94,560
.
.
•
-
•J'f
.>
s
•
t
common
.
•
f
>f(t
held on March 1, approved .8[n. amend¬
of incorporation of the company whereby the
stock, par value $1, will be split up on the basis of three
The stockholders at a meeting
to
4 T
!!">'
Doheckmum Co.—Stock Split-Up Approved-^- c-f
ment
$67,730
the
articles
0
.
1425
Eaton Manufacturing Co.—Registers With SEC—
Company,
•
and
producer
aircraft
of
industries,
wide
a
variety
March
on
7
of
parts
filed with
for
the
the
SEC
1
COMPARATIVE
V
ASSETS—
automotive
statement covering
178,364 shares of common stock, ($4 par).
Common stockholders will be offered first rights to
purchase this
additional stock on the basis of one new share for each four shares
,
/•///held./ These rights will expire at
////•/balance' of the unsubscribed shares
////writing group headed by Merrill,
"
Proceeds
from
the
sale
of
between nine and ten million
'
12
noon
will
the
April
on
be
13,
purchased
Pierce,
Lynch,
additional
1946.
by
shares,
Beane.
estimated
Accounts
Materials
at
In
-
addition
company
to
also
engines.
its
f: ■
The
duction
highest
:*
At
of
of
which
version
and
producers
dynamometers
1,
a
iarm
apparatus,
power
1946
the
negligble
problems
i
Other
in
the
V
highest
the
U.
orders
S.
of
by
this
of
company
ent
in
Recon¬
all
The
_
•
been
The
automotive
wide
a
manufacturing
operations
will
Depreciation
25,967
Federal
-
$100)
$1,479,700
V'
Net
—
—
759,187
—V;
58,683
construction
—
8,317^"
Calendar Years—
before
taxes
;
Net profit
(before contingency
Preferred dividends paid
dividends paid
3,441,540
1,360,520
-
Balance
will expand its activities
through this acquisition in
of industries—the
automotive, aircraft, marine, domestic
to
iri 1944)
reserve
612,515
r—
surplus—,
The
consolidated
balance
sheet
items
31, 1944, as follows:
of
as
NOTE—For mechanical
position
as
in
always
are
it
reasons
companies
they
possible* ■
is not
exact
as
*,<
'>,
;
'
'
.
Total. assets
U.
Dec.
1
Stock Offered—Mention
issue of March 11 of the
public
—
Total
offering by Webber- ;
Simpson & Co. of 75,000 shares of common stock
(par ;
$1) at $8 per share.
Further details follow:
Transfer
;
agent.
National Bank
;
of
LaSalle
National
Chicago.
Bank,
./■
•
1946.
1936,
lor
the
of
purpose
Emerson-Brantingham Corp.
Registrar,
•
.
,
of
the
from
assets
surplus
surplus
the
?
in
4(4%
Illinois
consisting
par) outstanding.—
($100 par)-outstanding.
period
for
During
the
war
company's
addition,
facilities
were
employed
casting
The* sand
purposes.
process
entirely
in
Period End, Feb. 28—
the
$3,771,660
-
tracts—
announces.
will
be
applied
by
to
company
■The Ellinwood
.<!) To discharge bank
Dec.
on
loans
20,
1945,
to
the
said.—V.
the amount of $66,764, which sum
redemption of 12,139 shares of
>
.,
Subsequent to Nov. 30,' • 1945, and
& Shares
of preferred
shares
to
of
Jan,
16,
; was
and,
of
1946, each
reclassified
capitalization,
the present
»
pari
preferred stock
amendment
an
(par $5)
stock (no
/common
;
stock
Dec.; 20,
redeemed
company's
then
into
converted
shares
to
financing, is
give
of
common
of
follows;
as
to
Erie
stock (par $1)_
stock
•-
_/■'••
(Including Subsidiary, Since Acquisition
,
;
"
.
p. Gross, .sales,;'
less
-
returns,- discounts,
.>ftnee* And freight out——_r
Cost of sales and expenses—
V.
.J
'
,
'
«.
1
-
t 5
i
' $3,442,801
'
,
Other
i'
______
for Fed. taxes
on
8,035
income_._____._^_
p.
;
r
1
it
mon
this
Operation
W-
(&
47,071
Deprec., depl., prov.
retirements
other
for
28,621
351,306
107,049
income
33,940
revenues-..,.
301,667
1,367,634
33,581
9
1 519,277
340,286
,
$414,620
-
$3,951,371
19,634
21,905
273,639
$305,600
_
income
Gross
Total
4,183
Normal
Excess
,
.
Net
Pfd.
income
income
^309,783
deducs.--
,,
and-surtax-.il'
profits
income
$392,714
Dr32,967
stk.
*33,807,
•
207,167
18,686
•
Balance
96,423
987,853
82,321
civi.
—
requires.
$193,655'
$207,429
8.631
$185,023
■%,j,:y
.
$2,243,673
8,631
$2,140,034
-i;v.-.-jrV'-*
404.140
261^324
,
$2,257,272
103,579
$198,797
.
1,157,084
(
—
_—
$4 079 822
395,670
21,777
r
;
$3,627,197
103,579
—
western
in
exported
the
the. last two
that
corporation's
-
the
activities
of
two
continue
to
as
Mr.
of the San
manager
Lisle.
163. p.
The
Jose
duties
new
1157.
Food
Machinery
division,
and will
effective
as
of
are
vy
INCOME
ACCOUNT
CALENDAR
YEARS
1944
$12,829,296 $10,421,678
8,256,538
6,709,741
•'
3,216,237
2,324,782
267,443
324,288
$1,062,867
44,705
share
prof,
35,000
*
47.741
150,686
336,843
tax—
49,648
147,565
:.
/;,y 555,557
*
$529,881
,
dividends
/___
149,196)
.
shares______.
per' common
$279,694
70,431)
dividends
common
29.673
35,000
V
1
Earnings
$1,098,351
34,845
^
plan-/___
taxes
of
35,484
f
$1,133,783
etc.
/:.
156.965
.■
i
'/"V, 317.579
364.622
share.
CONSOLIDATED
until
company
months, it
is
$1.26.;
$0.68
.
BALANCE
SHEET
ICEMBER
ASSETS—
31
■
1945
1944
$1,550,094
$1,181,643
■
Cash
was
U.
•
;
-
-
■
________—
S.
Govt,
Receivables
securities
307,777
—
(net)
-
61,375
847,469
399.731
'
844,464
398.088
■
1945
1944
'.lf)
Post-war
Net
1943
•
2,405,501
3,759,650
1,234,459
Prod,
etc
%
33,858
3
.——
notes,
2 1
114,939
'
•
■
,158,000
stock
Reacq.
97.531
1,241,287
67,672
__________________
Special funds'
•
•
37,574
2,357,293
improv.
Goodwill,
1,635,305
t
s
tax ref.
plant/'
Lease
4,425.575
804,644
807,121
next
month,
it
and
will
announced
was
General
.■1
22,535
-w.,/'
assets.
Deferred charges
48,782
26.246-
/
78,207
..w--/*—
Total
ready for
12 by
be
March
on
22,946
without
refilling,"
of
the
CA
in
the
the
-*\
new
pen
United
will
States
<}
be
and
etc. payable—________—
Accounts payable
Income tax
Accrued
A
Debs.
-
:
/:
-
/
.'■Other
without
on
mailed
were
Feb. 27.
by
the
share
20,
of
1946:
9.500
—_—
-V.
70.
#u.
p.
|
Months
Ended Jan.
31—
sd
1,432,360
—— --—
profit
from
of
-.exchange
>
Under
stock
of
is
its
of
this
of
now
share
Gross
subsidiaries
its
own
■r
common
prospectus
connection
stock
r
a
that
of
its
—
.
Abraham'-:-&r-iStrausBloomingdale
Lazarus
the
of
/
•'
railway—_>
oper.
p.
stock
to
p.
be
common
common
.6 of 1 share
exchanged for
464.
-
1946
$1,026,647
270,446
.
income-- /
127,766
1027.
,4:( ; »
'
(Ind.)
Initial
'
'
an
initial dividend
1945
$1,191,252
249,025
116,115
of
the
"
'
stock
>//••/
of
,
1834
'
cents*-1
one/s||re
;
boilers
$QR1,574
269,505
211,755
:
per
434,5131
;
Boiler Orderin this
received by this
largest stationary boiler orders ever to be placed
,,
/
..
,
the
.
for
largest
designed for direct firing with pulverized anthracite.*Each
units will be capable of producing 400.000 pounds of steam
ever
the
of
--■
1943
1944
$1,242,070
535,391
and valued at nearly $5,000,000 has been
corporation, it is announced.
The
order
covering four
steam generators, calls
hour
at- 1350 pounds per
square
inch
and at 955 degrees Faren-
y. heit-temperatuie..
,
• •:
sharew
,
country
The
steam
T le-ht
&
uled
Co.
,
_
generators have been ordered by the Pennsylvania Power
for
<ts
new
1*0 f-00 kilowatt
eloctr5c sta+«on
sched¬
to- he
completed at Sunbury, Pa., in the Spring of 1948.
Foarqo fcse
'(?c. ' - op 11"-■*. t^e
—piete engineering
-1.Construction of the new plant.—V. 162, p. 2641.
•
common
subsidiary.-—V.-163,
/:
4Va%
new
railway—-——
163,
one
the
1.1 shares
stock
Co.
.
declared
.
.75 of 1
-
common
for
subsidiaries.
--*^*-^/'''"'-2.0'shares
•Amount of Federated
of
plan
;
a/"'/:/;/: ' /
*Amt. of Federated Com.
'
ry.
—V.
stock¬
common
plan/ holders of the shares of
exchange such shares for the
upon the following" basis:
/.'//"
\
March 8
Foster Wheeler Corp.—Record
the
revised
may
,T\
Filene's
with
for
from
'
to
revised
subsidiaries
Federated
in
a
•
-
,
on
the
on
from
Net
Stores/Inc.—Off^ Shares in
distributing
Corrugated Paper
Wayne
'/.January—
.-t
taxes (and subject to renegotiation.):,—V:
163, p. 1281.
Department
; 399,418
-
$3,462,709
Fort Worth & Denver City Ry.—Earnings—
/
operations.———$469,$741,854
estimated
.
J/
Corp.—EatMrigs—
•_
63,516
245,829
746,734
—A—-.--—-——-——-.——-—
V
1,047,360
73,516
920,745
.
————
cumulative convertible preferred stock,
par $25
and a dividend of 25 cents per share on the common stock,
par $10,
both payable April 1 to holders of record March 16.
The
preferred dividend covers the months of February and March, 1946.—
V. 163/ p. 1157.
per
11
OJ
:
13,999
.
902.
p.
directors
The
"i JiV/-*
-v^rt
163,
Dividends—
agent for; the
' /.'.*»?;*: yJukfV-i■:$
on
163,
idj,
100,000
a
255,011
———————
surplus;
Fort
The certificates for
the
stock neia.—v»
bvocK.
held.—V.
435.500
100,000
-
$6,434,809
transfer
'
;v
620,000
-
—
Minority interest ;-——
6%- preferred; stock
($50)——
Common stock ($0.20)*—
held
stock
common
1946.
Chicago
47,243
'•i j j--.
V
surplus
171,381
75,956
130,000
■
1,250,000
—
-reserve''
Capital
Barned
:
;
4s,
;'v
370,3*22
_—
payable
1960
Debs.' B ;3s; 1951—
Purch. money oblig.
Contingency reserve
Repeater Pen and matching pencil will be
267,988
582.972
liabilities
Dividends
$87,50010
$450,665
res..
■Debentures .due:
'<
.
$3,462,709
K
Notes,
sold through
Canada, Mr.
"
$6,434,809
LIABILITIES—1
Sales
Exchange for Stocks of Subsidiaries—
—
$2,153,693
'
,1
be
time
t<(
Vice-President
Committee
that
holders
$4,061,136
Dr50,534
coordinate
income
Net
$4,268 303
..
in
370,418
$3,677,731
$359,747
.-V 34,117
tax.—
—
sales
No.
be
stock,
•After
V
.
!
400%
not
principle of capillary attraction,
trade
years
/V. Federated
Other
the
on
Federated
$325,234
Explor, & develop, costs
Balance
will
s.
•Net
155.075
will
Common
Cat
backlog of domestic orders.
'
-"
'
'/' '<i
Farnsworth Television & Radio'
1,509,031
Fed.
Bear
intensified
common
iiuuuii
$7 968 699
,
Net oper.
handle
to
and
-
______—
than
136,594
Cat
■<
1945—12 Mos —1944
$8,135,561
2,124,962
better
1946.—V.
Preferred
Security Rulings of the New York Curb Exchange
common
stock
be quoted "ex", .on
March^1, - J946. the
distribution of one additional share of common stock
fop eaph; share of
Sub.)—Earnings
241,474
Maintenance
Taxes,
(Del.)
1945—Month—1944
$754,770
$768,493
revenues.—
held
has
the
■
,
two-for-one
The
El Paso Natural Gas Co.
increased
■
distribution
ruled
Period End."Dec. 31--
Bob
present
$1,000,000
a
railway™--*. // 2,197,797
$ corporation
1281.
Operating
the
par value/ for each
of record at the close of business on Feb.
Crl54,'o00
*$13,379
to
t
split-up of the common stock, without par value,
been effected by the distribution of one additional share of com¬
/ has
8 428
301,933
;
and
of
Fansteel Metallurgical Corp.—Stock
Split-Up—
.
*$158,950
Ben
Exec¬
v.-v.
Net', - income'
: •
patent rights to the Argentine Biro Pen were acquired by
Eversharp, Inc., in June, 1945.
The company is
reported to have
spent more than $2,000,000 in acquiring the rights and on research
to develop the writing precision of the
pen.—V. 163, p. 1027.
*$161,630
2,680
-
Division.-
and
,
the-corporation
income
Excess
v
-
railway.^. $10,242,641 $11,861,218 $12,904,467 $11,681,967
will
The
23,330 *
for
of
election
directors
-i'VV-;'
V.;v.-'-.,.
Vice-President and Manager
sales'
Income
^
The
■
$148,412
'0^—
163,
$465,639
_
—
*_
income
•Loss.—V.
'
Controller
is
Contributions
Prof,
,
707 837
...
of
Other
during the next few months,'- said Robbins.
"By
stepped up to capacity." .The production schedule for
1946 is aimed at 5.000,000 pens.
/
$546,207:
v
2,977,162
/—$473,674
—
.Net
•'J'1,'
,
—
income,
>
Gross Income.—
Other deductions—'-—
Prov.
'
,
,
beer,
Robbins,
three
to
fall
♦
/
v'
Operating profit
.
firm
1946
consumer
steadily
'
5 MoS. End.
June 30/45 Nov. 30,'45
allow-
the
of
-v-/''
$6,218,238
RR.—Earnings—
i
"Production
1945)
with
up
Eversharp's 28,000 dealers
Robbins.stated-,-"-r. r'"
188,372 shs.
18,
$7,497,849
Manager.
Described as "a revolutionary self-blotting fountain
pen - with, magic
sphere point that rolls the. Ink on dry from a specially-designed re¬
loading cartridge, which will write for a period of from six months
116,765
Yr. End.
_
to catch
constructed
Larry
$50 000
May
on
.
board
$1,089,078
1946—2 Mos.—1945
.
Cat,
tractors
162. p. 1639.
from
the
and
COMPARATIVE INCOME STATEMENT
'
announced
the
to
years.
Back
4.
Other
Outstanding
250,000 shs.
:
The
par)
' The
i
Authorized
$50,000
116,765
:
(no
$1).
<
-
,
stock
(par
has
Back
:v//
Selling, etc./ expenses
EversKarp, Inc.—New Pen Ready in April—
Eversharp CA Repeater'Pen, new product of this corporation^
.
effective
transactions
de
■
sales
Cost
384,781
v
Cat
said." At
/-A.,.
the remaining 12,139
per share.
Pursuant
above
60,000
420,059
f
,
»
1945
Concludes New Con-
Tom
another
Bear
Net ry. oper. income___
—V. 163, p. 651,
13,788 shares of
common
the
the
Ellinwood
January—
1945, 13,788
incorporation,
common
effect
j
'
•
First mtge. notes, due
Aug. 15, 1947__
Notes payable
(current./.ii:
«
1945,
at $5.50
articles
outstanding share of
two
adjusted
into
5,
of
Mr.
Gross from
.
Net
before Dec.
or
were
on
were
the
on
President,
William
Inventories
Capitalization
■
models
spring,
Production has
preferred stock (par $5); (2) to payment, on or before
15, 1946, of $50,000 first mortgage
notes, due Aug. 15, 1947, at
C3) for additional working capital.
,r
100;
Davies,
and
CONSOLIDATED
Net
previously had concluded sales agreements with
with
'■
,
First
late
■^convertible
Aug.
firm
671,604
:
Foremost Dairies, Inc.—Annual Report—
<■
Mexico, and
/Canada and Alaska,
••
the
to
^
<
in
tractors
■
/> Was applied
'
-
attempting
the
(Calif.)
:':R. C. A. Mexicana to handle the
//entirely terminated.;,// /;/;//
proceeds
916,993
148,388
-
-
•Contracts, have been concluded between this corporation and the
Universal' Import. & Export Co., Ltd.; for sale of the Cat' Line of
garden tractors in- the Territory of Hawaii, Ray Ellinwood,- President,
castings
following purposes:
773,309
651i:A
directly
March
4,890,728
'
$3,166,160
p
in
war
PURPOSE—Net
688,450
order
Total
Ellinwood Industries
",t
process
to the
income—
1,157,751
Machinery Corp.—New Directors—
Interest,
were
manufactured by the
so-called Wessel type
and by conventional permanent
molding methods,
Prior
the company had approximately 150
customers, including,
/ among others, machine tool builders, electrical fitting manufacturers
? and
household utility companies.
During the war, because of the
;? restrictions on the use of aluminum, the character of. the
company's
business continued
substantially the same, but its products were manu: factured
principally for manufacturers of aircraft.
Upon the cessa;> tlon of hostilities the
company's wartime production was immediately
mold
•i
1943
$2,504,573
p.
Matthews
—V. 163, p. 901,
war
*and,
1944
$3,076,006
,,1,539,917
,
50,000
1946—Month—1945
Sales
production
continued
was
1945
3,275,526
Depreciation
;
,
.
'
February Sales Increased—
principally of the malleable foundry
; Rockford, 111.
Prior to the war the company manufactured
high quality aluminum
if and bronze castings in accordance with customers' specifications and
in conformity to customers'
designs.
All of the company's production
prior to the war was by the sand casting process.
,
1
228,773
'
($50
Common shares ($2 par) outstanding-——
corporation
property located at
$738,111
manufacturing similar lines of agricultural and fire fight¬
equipment,. two
administrative
appointments
were
announced
by Paul L. Davies, President.
Howard C. Lisle, former Manager of
the John Bean Division at
Lansing, Mich., will manage the combined
operations of the Bean-Cutler Division at San
Jose, Calif., and the
Lansing division.
He will be
succeeded in Lansing by T. O. Eaton,
formerly with the General Electric Co. at Pittsfield, Mass.
4V. H.
2,425,422'
1,942,000
1,003,345
—————
of
receivers
that
of
$808,641
Y
$3,001,459
de
In
5,741,602
5,893,400
preferred shares
1946—2 Mos.—1945
$388,376
"
v
divisions
126,669
,
2,950,133
2,146,000
255,540
insurance losses_,_„_—„;
5preferred share
;
$2.08
Coordinating Activities—
'
<:
1944 \ 1
4,250,242
—
for
Earned
818,568
1946
Anderson-Barngrover
assets,-—$14,81.6,986 $11,011,371
debt
Reserve
First
•
Incorporated
was
acquiring
certain
Funded
$1,704,363
818,568
stock)
1,126,621
L.
Mr.
compare
I
219,185
u.*.,
liabilities.—
current
Capital
Chicago.
-
//HISTORY ANrf BUSINESS—Company
Nov.
9,
Government
securities—
receivable, etc
Inventories on hand and in transit..
made in
was
1,636,872
1946—Month—1945
,.V:
committee.
report
Ebaloy, Inc.
our
-
Accounts
Total current
707,807
978,000
2,286,006
$2,750,202
Carter
$2.45
1945,
31,
1945
j.
8.
$5,027,043
978,000
railway..
railway.^/—
) Mr. Carter is
position for six
$18,088,337 $13,946,889
6,717,655 - 3,321,945 !
3,629,904
1,821,155
-
,
Dec. 31/44
ing
"
'
,
now
$1,854,685
treasury
r
•
'
r
—
Cash
;
/
".
,
always
alphabetical
alphabetical
near
shares
$2.26
(excl.
oper.
Paul
'
possible to arrange
order.
However,
B
29,'45
stock-
163,
utive
480,088
$2.77
v
•Before giving effect to 2-for-l
split-up effective Jan. 28,
with Dec.
par
The
respec¬
$5,821,467
—
outstdg.
from
ry.
C.
461,737
•Earned per share on common—
railroftd,
class
tax—_—
common
from
Net
150,000
551,558
—
in
share.
a
shares,
702,776
$437,153
Net
2,027,991
1,091,825
——
Common
profits
January—
2,975,531
196,447
—
■
.
50,000
——
on
1944
'
4,802,060
Provision for Federal; taxes
those
B
:
:
shs,
Food
1945
Federal
excess
163, p. 779.'
Gross
I—— $53,215,144 $44,542,663
—
profit
taxes
profit—
—V.
Net
$100
Florida East Coast Rv.—Earnings—
8,317
6,725,911
'Edison Brothers Stores,
Inc.—Earnings—
in
income
share
—V.
$38,492,061 $36,816,214 /■
"
change
a
to
class
Dec.
Sales
65,000
7,425,185
—
L
Net .sales-
and
t--
8,305,001
V
'
-u
—
p. '463.
A
$5
•
...
Period End. Feb. 28—
59,064
9,555,760
-
—————
163,
class
approve
2,500
(M. H.) Fishman Co.,
Inc.—February Sales Higher—
1,632,252
:
of
to
from
and
—V. 162, p. 2641.
548,190
1,143,235
;
—
aid
voted
stock
A
12,690,786
-
reserves
Per
3,497,212
12,350,000
410,000
:.
surplus
class
profit
Common
$1,479,700
1,804,782 V
3,497,212
——
depreciation, depletion—retirements
Total
continue
electronics, machine tool, construction equipment,
conditioning and refrigeration fields.—V, 162, p.
294*.
air
for
Earned
':
parts,
range
appliance,
89,386
*
explained, j combines the : activities of ■
of
Eaton Research Laboratories,
which have
development work on the eddy current drive since
Eaton Mfg. Co., one of the
country's largest producers of
with
engaged
1940.
85,168
89,824
i—;'1,804,782 '•
stock—
common
common
First National Stores,
Inc.—Earnings-
Net
(par
($3
Contributions, in
-
acquisition
acquistion,; Mr;: ; Eaton
Dynamatic
;
Dynamatic
on
Baltimore—Stock Values
Nine Months Ended-
61,196
,
of
3,750
in exchange for 75,000
outstanding.—V. 163, p. 901.
414,031
'
issue
5
$38,492,061 $36,816,^14
accrued
Reserve
outstanding
Kenosha.
March
tively,
^
—ts
—
preferred* stock,
par)
;.
stock
Interest
v*
the
announces
America at
on
classes
will
51,424
25,967
accrued
Other
*'v-'.i
the'board,
both
72,346
:——
——
»
'V'.";
of-
of
company
,; v
—
expense
long term debt
Taxes
pres¬
positions.
debits
Notes payable to banks
Accounts
payable
$35,789,000,
shares of Dynamatic Corp. of s,
Kenosha, Wis.,- manufacturers of eddy current and induction drive
apparatus, including high speed and high power dynamometers. Estab¬
lished in 1933, the
Dynamatic company is headed by Anthony Winther,
President; Martin P. Winther, Vice President and General Manager,
and Mart Kindt,
Secretary; all of whom will continue in their
''
an.d
securities—
cumulative
Premium
1
O. Eaton, Chairman
of
stockholders
value
LIABILITIES—
Common
and
speed
Government.
«t
t.:* " .'V- ."**'•••
'•
discount
—--———
in-
Total
unfilled
for
was
applications.
'••
•
J
;
The
Federal
7%
through
and
world.
had
company
amount
the
of
field
current
Co.
Increased—
1,002,972
575,038
——i—■
Total
were
t Acquisition—
.
,
Finance
-
'
.
-
supplies-.
debt
deferred
Reacquired
relatively simple with the result that recon¬
version
is
now
almost
entirely
completed.
During
the
war
the
company developed several new
products which are expected to have
,;.;wide peacetime
and
Unamortized
in the automotive and aircraft industries,
large volume of business with railroads' and
implements, housenoid appliances and diesel
eddy
drive
Jan.
a
company recently entered the electronic
of Dynamatic
Corp., makers of
purchase
31
1944
•
work
does
manufacturers
v;
its
DEC.
,
935,495
------
Prepayments
dollars, will be used to expand and
plants, to reduce costs, develop new products and increase
production of existing
facilities. ■ The
balance
will
be
added
to
working capital.
/':/
"
rx
receivable
,
modernize
■/>:.
SHEET
V1945
•
—
under-
&
BALANCE
——
The
and
Fenner
CONSOLIDATED
'
*
Plant, properties, pipe lines and equipment—i $34,552,044 $32,850,162
Investment and fund accounts—
1,278,125
1,080,067
Cash
832,497
930,705
United States Treasury Notes—tax series C
w
v
250,000
Special deposits _———_—.''V26,659
19,972 '
Notes receivable
52,591
6,588
registration
a
.
and
.
FINANCIAL CHRONICLE
THE COMMERCIAL &
1426
Monday, March 18, 1946
:
"TT"
to
directors
submit
March
approved a plan which they intend
the annual meeting to be held ou '
have unanimously
the stockholders at
to
27, embodying a recapitalization,* as follows:
Approval of the stockholders to afford the preferred
(1)
"(3)
be
If
the
held
.
is
declared
7%
of
cents
dividend
same
It
Is
on
...
to
capitalization
authorized
the
"The
primary
of
purpose
the potential
proposal is to broaden
this
meeting will be held at
St., Chicago, 111.
/Y'Y
Y/Y
(Profit'.,,'/
the management,
.
Feb. .9,
Y'/'/
sold
Annual Report—Edwin R.
said in part, as follows:
"The
was
production
2,182,987-tons,
vious year.
;
ing
held
the
of
of
1845,
the
action
there
beer
production
absorb all; the malt Froedtert
than enough demand
manufacture."—y. 163, p. 1027
there, is
can
more
f«r
1$.
officials
developed and is marketing
-Y
Loader"
-"Bucket
the
throughout
the
,Y
v
country
.
v-
this
Y'/Y/
y-y,
new, all-enclosed :
the demands of >.
ft
meet
to
for
'
in
outstanding
now
■
,
the
of
hands
" /-•" /:<.%.
.
being made to let
are
im T)r/)V Am Anf
fbo
Af
Aloo aIiio*
T-%
I
;
.
the
the
o n
f
"D
obtained
results
'
>
a
April 9.
on
ended
year
preliminary to
report
stockholders
Dec.
31,
1946,
.
net
1945,
Profit for
year.
-
If av»
Atf n
'-""'v. I"""'™ «'««;.
AND, BUSINESS—Company
-/-'■• 0
HISTORY
enlargement/
T4-
m ma "
:
April 27,
■'/4
^
in
necessary
replacement
of
wornout
some
1944
after
was
charge of $211,000
a
TV™*™
.f
INCOME ACCOUNT FOR
/.v,
r,
for
'.xl«
/
»
_
1925.
<^1
.
.
Corporation
.'Ill
1
i
/»
.
has
«■
j
.
i. 1.! '•
•.:
L
_
£'.•'«•» 14*1^
iL
^
4-1**
cuirBUi
"I
uarjmiies
OI
ibjv wwraing
Jii.csua.ota,
.
$10,155,341,/. the highest in^ the - company's hhtory
.Company .'
subsidiaries.
•'«
1«
.
u^'wu«
■
Ohip
incorporated in
was
operating
no
with working capital of $7,176,969 ' at Dec; 3). 1944.
!:> ArtfM
alaaf #4
f
a»a4
A»»f tr)A ti
non l-t: •
/*»
a
a
..
a
a
n w*
a
.
by
CALENDAR
YEARS /.,;/■/
//./v/W;,;.:
»
Coal
5
Cost of» coal
sales,
less
discounts
and
.
allowances.
■
'.
$5,416,355 !
$5,689,702
SOld-r'_ii.^^^^
4,616,829
4,305,997
capital-, or ■.*
comparison v
'
192.
p.
Y|
-
Navigation
equipment in the plane constantly sends out radio waves»of very
u
an
important
its
;
^ hlgh frequency, knownas /'micro-waves."
They speed at:Vl86.000
Y ndles a second to a cent rally-located radio beacon in the area which ;
the-|)lane is approaching. The beams are reflected back to the
that time, : - radar equipment, giving a coutinuous reading of the distance between
$39,000 in
the beacon and the plane.
\
(
, '
• 1 I
In
the
years
immediately
precedingthe war the corporation',?
principal business was the manufacturing and selling of direct-acting
shock absorbers, in the replacement field.
The corporation - was not
annual
original equipment business, at
business! being approximately
the
factor-in
volume
such
on
5. Jackson, chief of the CAA radip development section,, said
the CAA recognizes radar distance indicators lii general as "the
important single contribution of radar to the airplane cockpit/?
Gross income
/
Beginning in 1941/ the
practically all of its ;/
.He said that an accurate distance indication would make it possible
!/J_
£' $1,102,208
$1,137,472
Selling and administrative expenses.^„-j-»,«-j.„i
manufacturing
facilities/in
furtherance
of the- Government's war Y to eliminate the so-called fan and instrument landing marker beacons
345,023 ,< 334,358
v.,I
-t,;
.-.vir.
- .v.-RP)-.-iwrv-"--*
:
,, program.
One of the principal items-manufactured was the 60-mmYl!/n hse throughout the country.r-V. J63, p. 1158.
* Pr°Iit
bef. depjf., depl., Inc. taxes and conk
£757,185
$803;ll4' trench mortar shell and fin assembly. Approximately 3,381,000 shells
• Yv/ 4 , v
Y"> '
Iht. on first mtge. 7% cum. income bonds!Y^Y
Y»—-. /
20,451)
were produced and approximately 10,603,009 fins were produce^.. The / • j General Motors Corn.^Raskob Resigns from Board-—
-Gross
Other
,
profit
$1,110,358
'
27,114
$1,072,873
inc.—prof,
jobbed coal, int, earn.,- etc; '
on
29,335
'
Of 'ifjlCtli1*''''"/
(JOS v
163,
hydraulifc, shopk absorbers and in T937 the corporation changed over
System
'
Irom- its lever: and link-type of shock absorber and since then has
.
.
1
'
•
' ;
been.engaged in the manufacture and sale .pf. direct-aotinsf shock ah- ;/
A*h.ew radar navigation system to give the pilot constant indication
sprbers fpr motor vehicles of yarious types,/including passenger; cars,!/ ? o. his position has, beeiy developed; by engineers .of; the company s trucks, buses and street cars. It also how manufactures flexible metal .• Electronics Department and the Army Air Forces.
/ ,//
:
i
hose ? and brass .-couplings and merchandises/automotive coil springs
Under the system developed by the Army Air Forces and GE. rad^r
and! motor thermostats-through its warehouse distributors^!. Y*
/
^451944
•
During 1945. the
,
equipment.
:
,
.
Gabriel Co.-r-Preferred- Stock Offered—A ' banking Y;
syndicate, headed by Sills, Minton & Co., Inc.; on Mar. 1 7
ueaooa ay Oiiis, Minton fit C.O., inc., Yf:,
t
standing at the year end," This compares with $1,075,806 or. $1.51 ;
offered 120,0Q0 shares Of 5% cumulative-convertible pre-,;;; 'end of that reported for; 1944 on_ 541,821 shares outstanding at the1::
per Sharev-
January and February and from the
outlook for. March,
earnings for the first quarter of 1946 will compare
favorably with the first quarter earnings for the last two years!
For-v
tunately, a coal mining company has no reconversion problems except
'
unit.—#
/yY^/v-yYvyy
public
the
;
-V
contract for the
a
^ Chicago banks at a low rate of interest.
From
of
type
v-
Radar
:
'«
,
—V.
x
j
the
the annual statement to be mailed to',
the corporation disclosed that for the
profits, after all charges, amounted ■
to $1,104,975 which, after payment of preferred dividends,
was equiy- ,
alent to $1.54 a share on the 555,31} shares of common stock pu£-
>■;•: In
-
.
fund
retirement and sinking
for
1
of
Gjiylord Container Corp.—Preliminary Earnings^-
to
.
Y
pre*erred stock, as compaied With. 133,751 shares
•Arrangements
thfi
in
31,
use
is
•ft^vear affQreS
Hfl
reduction
<
,1;
opinion
is necessary
„
,
called
collector
V,.-163, p. 464,.
food
■"•'/' -.Y-V
r«rtnin
IS
stock, for
distillers,
renegotiation
'
ended" Oct.
the
In
of these funds the company has .purchased
13,443 shares of the preferred stock to date.
As the result
and retired
A
Y'Y";'Yo
,-Y; '/V1:
•
taken by the stockholders at a special meet- ;
in which; certain changes were made in the
preferred
Through the
purposes.
this
28,
infomm-»tlnn
of
purchase
YY:
health
.
•
>
compahy's mines for the calendar .year JL945 Y
which compares with 2,211,180 tons for the pre-,
the action
June
Articles
Keeler, President,' on Mar. 9,
'
'
;
'
'
refuse
manufacturers, syrup makers and many other/,
industries besides the brewing industry,
Production of beer, which is .
ope of the biggest markets for malt, will be limited, .hut. even with the /
the
,Y. Y-'Y:'»
■
Pursuant to
of
at
to
for
New Frodqct—
The corporation has
restrictions on beer production will not affect his company. ..
/"Our plants are running at full capacity and w.e are
out clear i
ahead into: 1947,'' ho pointed out at that time... "In addition, malt is,
v
provision
no
i'
1
*
year
S3 |:Xi3C^ year ended ^ct-' 31, 1945.
York
new
I
135 So.
439,900
application
of the stock, the board of directors filed
1946,- for listing the eommon stock on-the Ne w *
marketability
.
/ Y Y1
,
674,321
,
fiscal
120,308
of the "corporation,
the office
Salle
-
resulted:
g»re| Of preferred stock, liar $10, and 576,310 shares of
•The
■
!.
.
/Loss.
,
La
'
iQ4.c;
$10,197,759
Net loss .for, period-„^^_„_^^2i_::2_^__»-.i $143,481 Y, t$234,421
surplus.
,
change
to
proposed
iQiAi
Y
May, the directors intend
stock, payable within 40 days
plan,
(& Subs.) —Earnings—
VY
/
^
.
„
common
!\
.
operative at an adjourned meeting to
to declare a dividend on the ■
after the effective date of the '
per share, and, if conditions permit, will continue
a
quarterly basis.
'
«
; Y-YY YY *
plan
in
Wood Industries, Inc.
Net sales
Y_—/ $4,951,406
f
Net prof. bef. pro v. for inc. & exc. profits taxes
«1,296,197
Stockholders will be
asked
to vote March
19 on a proposal to
Prov. for Federal and
St(^te income and excess
increase, the company's authorized; $1 par value common stoGk from >
pi'ofits taxes (afterdeducting postwar refund)
560.000 shares to 1,200,000 shares.
If this proposal is approved, the / Tentative refund,
portion of prior year's E«<L
present common stock will be split on the basis of two shares of the '
taxes on income, by reason of carry-back of
same par value for each present single share and the company's capital
account /will be increased from $426,787 to $853,574 by the transfer to '- ;
hei i°?s.an.d unused excess pro/its tax credit- Crl,152,716
that account of $95,018 from paid-in surplus and $331,769 from earned/'
V.-YY'/.-Y •/' Y;Y •
holders
an opportunity to
exchange their preferred shares for common shares
of the company, on the basis of
2% shares of common stock for one :;
share of preferred.
Y"Y
(2) The plan will become operative in the event' 90% o! the preferred
holders exchange their shares, and, at the option of the Board, in
the event between 85%
and 90% exchange. :
■;
;
: V
.
Gar
•V-13 Months Ended Jan. 31—
.
March 19—.
To Vote Common Stock Increase
■
.
paid-in sur¬
/•/:;:'Y/'
"(par $50)', $2,000,000; common'stock (par $1),' $426,787;
plus, $95,018; earned surplus, $5,333,785; total, $12,655,625.
Recapitalization.—
Franklin County Coal Corp.—Plans
The
1939
$67,000
have
*
and
the
equipment,/the
in
compete for original
1940.
that
At
corporation did not !::/•; W.
the organization to ». that
the
time
strength" or
financial
business. *
corporation devoted
equipment
;
V
;
;
_
_
Interest
Loss
bank
on
vY
loan
V
disposal of capital assets_._____„_^!._
"
on"
Provision
for
'Pyoviison for
Provision for
Provision
7
.
depreciation__l___I_4£_„l__„_£"
depletion!,.
.1
Federal income taxes__YYr_____
for
1,142
v
v
36,958
4,
ASSETS—Cash
securities—at
in
banks
cost,
and
$255,036;
'
hand,
on
notes
.
•
■
•
.
•
'
...
.
'.
...
,
-
4
-
■
_
-
w-
-
.
K>:
absorbers, produced being; 2,097,000.
;
forces 'in
;
$489,595; U. H Government
^ind accounts receivable
„„„„„„
posited
in
fund,
period it
war
-
v-
,* y
•
..
-
to
escrow
shock
direct-action
with
This
absorbers.
in - an improved product which is now
factories and replacement field for peacetime
has
-
♦
secure
workmen's
compensation
claims),
i
AVA
M
.
X
Atnn
—
provided
organization, $459,465;
since
A
.
The directors on March 12
to
$1,035,411;
excess
of
of
cost
expended
needs.-
for
It
new
J
is
estimated
machinery
lU
.
.
I.
1.1..
J.
that
stock
ourchased
purchased
and
and
rpt.irnri
retired
tvio
the
nv»r
over
ncr.
AAA
AAAA
meet
will
require-
the
Net
profit
Other
malt
from
income
(int.,
Gross
_
&2 nan 301
_
-n 1.
,
—Y—-Y $2,099,366
income
profits
Wisconsin
and
surtax.Y-i----——£
up
«Php®
income taxes
earned
surplus
on
Dividends
011
•Earned
Earned
Y,
!_!_
per
net
Jan. 31,
common
i;:'i
-
L
/'--I
1
_
/
'
'
■
■
1
1
e
4 315 148
'
.
"
'
/
$4 775 ' 771
-
$73,942;
/
277,412
194$
$4,498,359
cumuL conv" pfd' £hares (par $10>
$1.81
$1.08
share
or
lower
(after
cimstruction
tificates
market
uiy
on
deposit and
accounts
on
in banks and
offices,
Corp.,
Lcre
increase
1 lore
an
-
was^
of $1,-Y;'-
$s,o00,060./stiated >surplus.
of
The company reports/
$10,000,000 and voluntary
surplus of $21,676,349. '
,
.
..
.
with policyholders' surplus,- after »including voluntary ?•
and catastrophe reserves, 6^411,191,780 at the. end, o( }944. ,
.
M*
Net premiums written* during 1945 were $10,495,975, as compared//
'(with $10,783,842 for the previous year,-;-5 There was an underwriting w
sn!>'£ i; gain for the year of $1,767,615 before Federal income tax- on under-/)/
event of y
writing of $438,459.:,Y/Y/:/YY''//-''!
Yi/'/'Y-IYlSf
.-'.This compares
e'e
?
120,000 jSh$Y
;rs
Brothers—/.—7,500
-7,500
lonnnn
-
in
the
'
reinsurance
7.500
1945.
year."
affiliate^
as -com-Y
Invested Y
n
First
4,000
4,000
Weedon.&
Sherrerd
H- H. Johnson
Co.—
wu
& Co.Y-Y/
4 000
.Chicago
excess
valued
at
of
reserve
notes
$7,065),
and
$1;
reserve
.cost
the
basis
receivable
buildings,
for depreciation-and
at
cost
'
payable, $76,003; accrued accounts, $88,316;
payable Oct. 1, 1946, $175,000; Fed¬
surtax,
and
profits
■
c1945
•
S6;294,154
''''4,897,068
1944
.
*;
2,000
,
2,000 •
2,000 •
'
;
/-•
$5,286,933
4,155,874
578,005
'exp.i;
income /YiY-i_
Other
-
j
J
.
"
>
.
,
.
Total
of
1943
/; •:
1942
$2,939,908
$2,164,656
2,335,382
1,702.413
•
435,133
IV" $695,927
..
.
•
»
income
„
242,864
Y-1,373
-
$820,459
Income
deductions.-—
-'
•
-
193,507 '
2Q7,000
Excess
—V.
taxes-!
profits tax—
income
163,
p.
—
1282.
744
$268,736
$361,662
Y./;, 2,041 Y".-'
$696,671
194.859
income
Net
•
,
*'
-
,477
'.•'
_Y—
Federal
$2,747,014; unexpended balance of appropriation for plant
< temporarily
represented
by investment in U. S. cer¬
tax,
finft
2,000
Taussig, Day & Co., Inc.—
*$819,081
machinery,
amortization
goods' sold—
Sell,, gen." & adm.
1
—_
of
value of life insurance, *
accounts
land,
on
sales
Net
Cost" of
2,000-
2,000
—
v-.Z
o.
.>? Link! Gorman 8c Co., Inc/-;
Shillinglaw, Bolger & Co.»
-
..
85,864
245,906
••
$363,703;
45,113
127,266
$269,212
•
.
:■
30,602
95,671
the
end "of
of
1944
reserve of $450,507, a total policyholders
pol
This
This comDares with Dolicvliolders'- surplusat
compares with policyholders'/1945
were
$3,475,278.
Net premiums written in
-
—
n,.A
corporation will acquire: all; the assets of Associated Public ./
Utilities Corp./under an agreement which has b.een entered into my Y
these companies, accqrding to a Jpint: announcement, made..on March
12 by Harold V. Bozeil, president of General, and Richard A. Lump-kin
President
of Associated.
This, agreement, which constitutes a
"Plan of Reorganization" for Associated Public Utilities Corp.,'is sub- ;,
je'ct to aDproval of !the stockholders of that corporation,- -The agree- .•/
ment calls for the delivery by General Telephone Corp.
of 47,142 6/7 shares' of its/common stock to Associated Public Utilities Corp. in
exchange for the latter's assets..' It also .provides for the liquidation
of Associated/Public Utilities Corp
and the distribution pro rata to
its stockholders of the shares af common stock of General Telephone
:/
This
-'
•-/•-.
'!'/
reoeive - one ' share ,;/
Associated cc™"u22
held, at date of distribution.
/
Y..-- • /,•£. iflw-ij'.
Associated owns all the outstanding stocks of two telephone oper¬
V ating companies. Ohio Standard Telephone Corp. and Ashland Home
Telephone Co.
It also owns the stocks of three water properties, ■;
one
in Jackson, Ohio, one in Frankfort, Inci., and one in Seymour, .
".
Corp/so
acquired.
';'Y
'•**■'
$364,901
$191,325
$142,939
.
■
'Upon
liquidation/ Associated stockholders/wih
General xoramnn. stck for each 1% shares of
of
■
,
Ind, V The: property,'of Ohio Standard Telephone Co., serving
about
Gary Railways, Inc.—Declares 50-Cent Divi^end.25,000 telephones through .'71 exchanges in Ohio, cam well be
"ttesiihfiiriiarv^ Oil 10 As-*
grated with-those of-General Telephone Corp/s subsidiary^ Ohiq As¬
.1945 which may result from renegotiation; and Wis-*. A dividend of 50 cents per share was recently declared on the
sociated
Telephone Co,, which now serves J about 31,000 telephonesMfr?°ta Weome taxes—est.), $1,102,988; reserve-for 'comipon stock, par $1. payable. March- 1 to holdLsofrecord Feb
Likewise, the operation of the Ashland company's properties, serving
Ausr
s{nkinjfil'?»«ld"
A cents
Aug. 1
1, 1M52^yfatr, 3ff
1965, $3,325,000; $2.20 cumulative preferred) stock : ^^,.18 like amount was disbursed on Nov. 1, last,'which compares Y Likewise,
about
15,000 telephones through its Ashland, Ky., exchange, and 1?
jpgid W Pec. 1, 1944.—y. 158, p. 2191.
r?
tax
excess
(after U. ;S.
v
compared with a 1944 total of $3,269,923.
There was an ;
underwriting loss for the'year of $179,857.—V. 163, p. 192. ^
/
£ -! Y'-YY' '- v/■ i'/ / :-Y-Y-I'Y'V/"
f.- *■*'%$.
./
1
fTnl/inU
" " TDrrtrvrttioH
TT v-nancinn
General Telephone Corp.—Proposed Expansion-
,
93,000
$325,600
from $3,* J.
$3,647,467,
:
-
& Belden, Inc
T
d;..
Irving J. Rice & Co.l
Tixilnn
;
STATEMENT, YEARS ENDED DEC. 31
-tf
market
of-$274,0.49)
profits tax, $53,348; inven-Y
(after
of
•
Frank
4,000
,wu
Bradbury#Amesi Co.-Y4/YY 3*000
Investment Securities Co. 1 3,000
Co.
'
1
declined
and "voluntary
*
2,000
Securities
'
unearned premiums
631,249'to $3,629,476" The /reserve for claims and claim expenses at
the end of the year/stood at $979,966, compared with $858,746 a-yearY
earlier.
North Star" reports capital of $1,000,000, .stated surplus/of
Co./Y'-YY/"'r- - nimtiis of ST QfiO si>7
svrplua^of $3,950,507.
Vart
-Van fta.mtv.Ae
Camp &
Inc.
.
7,500
&
4$o from-the»close-of-1944.
North, Star's reserve for
Blair F. Claybaugh 8c Co.-/,'.2,000 / /$2,500f,000
& Co.- ' 2,000 //$2,500,000
—
Edwards & Sona/--lv: 7,500 r/
«fe Sons—.7.500 ,'iEnvR'rt
Enya'rt,
First Cleveland Corp.land
fe
F. L. Putnam & On/v.Inc.Co., Tnr
INCOME
3%'sinking fund notes
Treas-
series—$1,400,000 at cost; refund of profits for the year
•
ul.
21
notes
nqies,
ance
-Rpinsiirance-
was
i.nere was an
policyholders'
of $6,676,349, "a -total/policyh.
■. Ehares '
The Marshall Co.—---—— 3,000
Park-Shaughnessy & Co.Yn 3,000i /
Sidlo, Simons, Roberts & C<* 3,000 "
-Y 1°-°00 pG; P- Wibbing 8c Co.i/---!//3,000 £
hand, $2,281",600; U; S. certificates
receivable—trade
non-current
income
J
There
0,
Shares
•
The
/
of
"otes.
j. -
Crowell,
.
indebtedness—at cost plus, accrued interest—approximate 1
value), $2,129,161; deferred charges, $94,,902; total, $12,655,625.
normal
total
Authoredniifsiandine
lonnnn
'
LIABILITIES—Accounts
-0-yeai»
eral
"
BALANCE SHEET, JAN. 31, 1946
frYearCY0SL !after" reserves
$1,595,/50),
t
reserve
Sills, Minton 8c Co., Inc.— 20,000
Butcher
—at C0S^ plus accrued interest—approximate
sundry
...
clpna|
) 500,000 shs
Brailsford & Co._^—„YC.
i?" dlscoun!; and commission," other discounts, interest
flrst-°ut'Y $4,062,668; cash surrender
AoniJ
wnYh
fill 533 ^7
to fiH,oJJ,t>Oi.
to
PRESENT
TO
ice
'Includes 72,000 common shares reserved for issuance
AsG.
277,412 *
■
$5,333,785
$908,663; postwar.refund of Federal
tones
(malt and grain,
$3,993,861,
^304,326;
Y
Co,mmon shares (par $1>—
Buckley
-
-31,045
1945, $92,937. '
t
a
bringing the total to $4,173,801/
The
reserve
for
claims
and
claim
expenses
at the end of 1945 /
amounted
to $13,470,836 as
compared with $12,733,611 011 Dec. 31,
1944.
The reserve for unearned premiums
was $3,959,336.
an in-|;
£ Boettcher and Cpmpanyr_. 10,000
Y': Walston, Hoffman & Good- t
■"
corporation life insurance, prior years' amortization /
adjustment—-net, preferred stock issue expenses, etc.
(Including pro- /
vision
for depreciation and amortization:
1946, $91,503;
yalue,
-
.
tim
'4
.
$460,622
-
of
'Y Y, ■
:
s_ASSETS—Cash
r
cash
of
$5,642,241
stock
stock
common
cost
Sfi 735 852
$b,7_3o,8o2
previous
4,825!230.:.|
/YYYY
surplus,
_
in
$2
$817 011
surplus..^
preferred
,
i.p,?ei?
.paid,
period!
the
"Y,
jrotal
Dividends
oVfin'otT
h,a t
Sweaid
incieaoea
—
lls.oooY
.
/■
Previous
•
:
..
(net//435.000
Minnesota
income for
Insurance
to
$3,241,390 to $20,105,916,
J >?* ^jM^qo8' to^o^ 91^ whUrGenerM^-lnvestmen^"^ stocks
while GeneraJ's investment in
****
500,000
.
York
New
$10,408,006
.
503,763
-v!>-. S
DANCING
v '..TINANCINQ'
■
■
.Net
year
232 353
and.
tax
'• t
1/
*
^
•'
*
ado
5 374
11
the
on
the
....
.
'
disco^ts7"^)Mi^?9 97S
,
,
...
CAPITAtlZATION ADJUSTi®: TO GTVE; EFFECT
.
-
538^945
-
charges...
Nprmal
Excess
'
J
income-^.
'Income
sales
purchase
'
9,969,915
524,162
——
sponsible for $7,460,966 of the increase
valued
"The
company's investments,
year.
Poses.
/
..10,219,362
Belling xnd administrative expenses
,
,
Department basis, increased
of $35,625,658.
On
the sa
-
tion
*
$12,832,916:$12,645;^702
.
Owr $19 000 000
Assets up uver $ix;,uuu,uuv
.
4945
♦f-Li1P"iPi^r
tCost oi malt sold-.
This is at the
the company's increased capital stock and |v
An increase of $12,189,275 in admitted assets is reported by this ./
corporation in its 1945 annual financial statement,//-The total at the
year-end was $4Q,802,782.
The merger of Mellon Indemnity Corp. ■
^
,
(Frpedtert Gr^in & Malting Co., Inc.—Earnings—
dividend of 30 cents per share, ;
..
$100,Qft0 will be , expended in " improvements, rearrangements and..n^w Installations in the facilities to" be leased from the Reconstruct £
—<thereofY
value
par
a
record March 20.
equivalent to.
AcuAfc TTn
utilized
tion Finance Corooration. and annrnximfltelvv«75 nnn Will he iitiTizeri
Finance Corporation, and approximately $75,000 will be Ut
Dr$23,269; total, $3,746,354././:/.;/: //..//Y///,!//^in moving the machinery, equipment an.d other facilities of the corI
'
'
Y
Y £ Y-—
^
" 1.
poration to its new location.Approximately $500,000, accordii
preferred
'
Dividend Rate-—>
$^-16 per share on the former General Reinsurance stock,
$300,000
approximately
and-equipment to
ments of,: the corporation's expansion T program",' 'that "approximately
*'
of
i.
~
financial
be
surplus '-
7,671: shares
«
its
declared
stockholders of
a year on
PURPOSE—The net proceeds (estimated at! $1,051,260) will be
available for general t corporate purposes -of :the corporation- to meet ■''*+
/
>'
..ill
i +
-
.
$107r"$ir262,61(r**c^mon Ystockpar
at organization,
^fUla^^eferrecl
$1), $245,463; surplus
earned
A4
V/
the sale of its plant at 1407
a:Y
and at the end of December, .1945,„ a ; f J"'^.MelIon Indemnity Co^n The present rate is
{
$10,175;7
payable,; $102,328; taxes., withheld! from cmbloyoes,/ $51,835; accrued
payrolls, $93,737; accrued general and social
security- taxes. $52 999-/
1
"
■'
reserve frtf -fn /"I
for federal income
tax, $179,610; .reserve for workmen's com¬
pensation
claims, $85,23.5; reserve for contingencies, $160,543; 7%
TflSAVVfl
;
VAfffhr.
"Y
'
1
the '-vYY General Reinsurance Corp.—Raises
offered to
operation.
being
undertaken"for
were
of life insurance policies, $11,076;
advances to
employees,. $3,785; sundry other-assets, $1,202; proper-
and
ttjlfK
General Public Utilities Corp,—Weekly Output—
,'
r._
v,
value
surrenaer
salesmen
wAAAaafarl
A
*
4(?th Street; Cleveland, Ohio,
sale thereof was consummated for/ $85,000 vin cash,
No; machinery,
equipment or similar personal .property belonging to the. corporation
ties
(after reserve for depletion of
$1,111,564 and reserve/for deprewas included in the sale. . Corporation protected: its occupancy nf "
ciation of $1,527,187), $2,090,959;
prepaid insurance premiums, $13,375; >
present facilities .until a new location could be found by taking back ;
royalties paid in advance,
$114,599; total, $3,746 854
<
. (•"£ a. lease
of the premises from the purchaser, which lease is now
LIABILITIES—-Dividend navahle
Tan* i
itua
cao Ronin effect.'
.•
.
cash
"Sjfnw nU
was
resulted
car,
after;ire-
'connection
marketable^'Mcuritres" accost' (de-'"^/Negotiations
$44,000;
4V.A
'member of the bonus and salary committee.—V. f63. p. 779.t
*•
30
itah improvement
4-
A
„
'
1945
/H«AA4AVA
AC
/
The electric output of this corporation for the week ended March Y
ncessary /for the corporation, to
|
expand and improve a its m
engineering department and " facilities In- 8.; 1946, amounted to 119,434,617 kwh., a decreaese of. 5.412,588 kwh,f||
order to keep ;pace with' the" exacting requirements of the armed Y °f" 4.3 c/e, from the corresponding week-of 1945. V. 163, p. 1284.
<
163745
* "
+*A
board of directors, at the March 4 meeting, accepted with regret j
resignation of J. J. Rgskob as a member of the board and as ft
t
/..
|
89,511
,
,
Y equipment on Army vehicles^ of various types.' Approximately one-/
Hal?' of all of the famous" military "jeeps" were equipped with
55*279
Gabriel Aerotype shock absorbers, the Apimoximate number of shock
*
._
.
175700;
:
I,
SHEET, DECEMBER 31,
j
-
_
! 162784
r
132,000
•£"_
_t_Y
•
—-
135,611
payable_^_lYY Y/
|
or
BALANCE
/
surplus.'$292J13 -V.$242,445 YY/During the
year, carried to earn;
pPref. divs. paid
•
.
106 915
*
.
Manufacture of shock absorbers which wa$ essential in the civilian' /-•/ ,V:.replacement, field was continued, but most of the shock absorbers ' /
that were manufactured went to car factory accounts and as original r/ the
,
f
37 097
"104,787
.
cpntingencies!I,-,,,_,lY!—Y | 54^575
r
'YProfit for»the
3143
•'
Vi/'
..
due
pue
•in-A/nut
„
Volume-163
other
^
,r/.
'•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number - 44 73
exchanges id'-{Kentucky,
well
can
be
_i
a
_
i.
.
.1
_
.
t.
i!
...
n
pf
called
luggage,,footwear,
a
Establishment
r(',
i
■...;
,,
?>.tv
-j" ■
»>
-
and
-
* The
reorganization /committee
Commerce Commission a plan of
l>asV submitted
to
i
dent
.>■.
.
■://
:.■!";
/
,;
Evergreen Mines Co1.,
;
named
.
B.
Goodrich
Co.,
division
a
i1
,
'
_
.
the
new
company.
;•
Subsidiarry
and
associated
York
New
and
and
.
will
be
in
V Which
Late
of
phenolic
1945
in
the
the
Hanna
y
This
a
^Principal
amount of - G. F.
,A. first
plan -provides for the issuance of
The
y--
//and $1,400,000 of
The
y
yhew
-reorganization
road
be
WI*
is
to
be
pany
bonds,
mortgage
5'/<?
/the
vv".c-.'i■■■•
,
SW
routed
the G. p
9Land
V.
Holders
:
CORPORATE .-AND
t RECEIVERS'
•
''
r
-
:
ACCOUNTS
/
<-
-
COMBINED
to
;
„
receive
'
.
•
...
number
a
shares
of
of
has. been
determined to be
$12.75
share,
per
be
issued, a bidder will be entitled to receive 3.9216 shares of
which
i
,
A
»■
,
common
-h
;
••
from Jan. ;'1
period
to
Feb.
26,-
1946,
-
th »X' Railway
tax accruals :<fregula,r)^My
x axing
Federal Railroad Taxing Act .lS37-u-Jl.vy£
acv
.
.
' PederaLRailroad Unemploy..InSur.,Act. of 1933
...
077
5
;
o
2 913J:-'
' Distributors £or , pm2!er.
.'
i ment have ibeen appointed
-V
.
.
v'-i- Railway"^crating
Equipment
«
1
7,602
.
Kaiser automobiles
in 60 foreign areas; it
|
——
it
$1T,278
"
Surplus applicable to interest
$12,273
announced
was
on
dealerships for Frazer
y
*
'
..
■
.
'
:
Consolidation
1946,^-.•
v.
Net
,
from
$616,375
railway—
:
ttims'.-w
*1944
v-'.
$906,654
-
states,"
Russia^ China,-, tlie Philippines, and
♦Deficit.—V. ^163,
230,617
others.—V.
the
As
v
company.
1^' the
xniTi s
163,
*
and
,
children's apparel stores in-the country,
.'ofMhe"parent?
will be the same
company/; with .Walter" Kirschner
;
stockholders
President,
unexpired
McBride
term
and
(manes,
|retaries.
i
of
William
elected
was
Williams
(
-;
was
also
Co.
fill
the
ance
to
elected
term
I'-deceased,.'1
The
Home
Fleet
also
and
announces
Secretary,
Roland
S.
"
1
the
and
Prior-.to, his association with S. Klein Mr. Markwett
New York office of• Fiiene'Vjpf Boston.
He also
election
George
•„*
»
E.
>
.
Morris,
of
%
McBride
as
;
Mr.
Treasurer
-
Office;
offi<
the
of.
Plans
are
Manager
of
Quartermaster,
Naval
Women's
is'now
and
chief
consultant
expert
?;'vbeing
q "i1
developed, .according-to
fr"
-
duction
year .commenced
for war with a
Giddings & Lewis Machine Tool Co
YearsErided Dee
ri
31—.
came
'
Net
I
sales
Net
t
SSSfejWl
Day
$10,658,706
*
-
per
fnf mJoinl
e.n
1
'•
and
wartime
The
balance
the offering to the redemption
.
subcontracting and
'
-
sheet
-July 1,
on
April,
showed
company's
the
company
devoted
was
before
even
treasury.-;
entirely* to
Cutbacks in
V-E
Day.
war;
the
With
business
well
as
its
as
wartime
3i,
pro¬
orders
arrival
Because
practically complete cancellation of prders.
prewar
business
was
parts
an
over
complete
new
Consolidated
$1,000,000
of
as
tpoling,
backlog
the date
has
been
has
of Feb.
risen
11, 1946.
July
The
of
events
The
area.
to
necessitated
parent
a
sales
new
.
corporation
war
was
1945.
.
backlog
"tion
"
canceled.
ended
and
tooling program
Los Angeles found itself In
in
just
This
in
no
that
posj-
build
tooling for Fall River as it was completely occupied
tooling program. Nor was adequate die building capacity
available in custom -die shops in the New
England area.
The answer
was a: die
building department in the Fall River plant.- This depart¬
with its
-a
own
has
been
Line
•
The
,
in
way
equipped
and
production
volume.
bv
is
built
functioning
Fall
at
most
River
as
is
suc¬
getting
»
rolling
in
of Oct.
31, 1945, discloses that current assets
exceed' current liabilities by $416,567,
This. compares favorably with
1944-s corresponding figure of $292,517. '
'
;
in the somewhat more distant future the
management is consid-
ering the establishment of
a
planfc
would
a
plant
tremendous volume of die
itabiy for
1
and
dies
of "Harvalloy'' * cooking ware started
mid-January, 1946. ;■ ../c'-:'?;-:
v
balance sheet
yields
-
installed
from
'
production
volume
,
.
1946,^of outstanding bonds
on
1945,
dig was In production on Aug. -15,
this point .and Fall River's entire
turn
to
'
the- announcement,;,for
current
assets
of
$5,315,036,
enable the road to retire all the outstanding 1960 bonds
including $1,301,780 cash and U. S. bonds. The current liabilities were
nWTTT„;„ ' M
$l,?-65»698r tnaking a 'Current* ratia Of-^3 'Hto'l/ X--fFOR MONTxa. OP JANUARY
The company s Fond du Lac
plant in March will begin production
■'."1946
1945
'
1944
January—
the
readying the company for civilian production, it was
necessary to
zinc casting
capacity.
To this end we have built seven zinc
casting machines (hot chamber type) for- the Los
Angeles plant arid
four for the Eastern
subsidiary.
;
-1'-:V
The oompany, through Harvill New
England Corp., a wholly owned
subsidiary, has established a plant at Fall River, Mass..
This project
was commenced
ip April, 1945, and the plant was completed and its
at
'
ea follows: $30,000,000 of series L.33/»s, 1970; $35,000,000 of seriefe M
* S%8, i960;; and $10;G06,600 of series^K-,3Vis. i960. t The
1960J^sue is
; outstanding in the amount m $35 000.000.- ^ The company states that
it is
contemplating the possibility, of issuing an additional $25,000,000
^generalvmortgage/bonds mexfr monthM-The «ale
44
prevision tor taxes, renegotiation
adjustments.
year-end
si
'
^ 155-mm.-shells and
,
-
i>m fiCfl
$7,230,628
.
$1 70
ad-
In
; first
general mortgage bonds. The offering will include $40,000,000 series P
-bonds, .maturing, Jan.-.-l„ 1982, and $35,000,000 of series Q bonds,
maturing Jan. 1, 2010. The road proposes to apply the proceedsTrom,
1Qdd
*^10 668 70R
—
share"oil To~0~000 shares~~
•Tnriiidejs ccR?i
• frti*
i«i*; tyim' cuIiio
Earned
;
,
iq4c
Rights to Be
increase
an
field, the management was
entirely new type of business.
procurement of new customers and business,
„
•Earnings
•
in
remain
Almost -exclusively in -the airoraft
^5ed with the problem of building
ment
'
anuroved
backlog pf $1,166,551.
in
under
"
will
the
cessfully,'Casting
1
shares
6
■.
-'
as chief -pf the women's clothing section
and development pf the Military Planning Office,
this branch.
Williams.
and jDeneral
"
Executive
was
He, served
in charge of research
in c!
.
^
"
»
Mr.
Stroub.
recently
'*
-
'
was. Manager
of,the
;
7. ^,ov,
i'
:• •*
J.;»t» ¥
H ^MvVice
.Vice-President,
The. Franklin Fire Insur; Uniforms, /Inc.
Unif
,
of
.....
Vice-President
a
,
).--
•
director of
a
unexpired
and
General Merchandise Manager in full charge of store operations.
f>
A.; Payne,
!•>'
}
Mr. Meyer
;
Quaid,
recently/-retired.
Frederick
B.
Vice-President; and Secretary, and T.; Morgan
Assistant Vice-Presidents and Sec-.
a;
Herbert
-
~
build
-
■
March
on
ifr-om practically nil to
>
Exexcutive- Vice-President
/ :,r
.,
This program, involving
construction of pew machines and
•' in process now for some months.
year has been Assistant Merchandise
elected
-
.
:
those
of the
as
Chairman
as
4Vufo
of
adjustment
Corp.—Capitalization Increased
company's
■
that the store is now part of the
Grayson-Robinson organization.
M Officers, and directors of/S^
Klein, one of the best known women's
902.
p.
competitive bidding.
dividend rate
Annual Report—The report for the
year ended Oct.
I; 1945,; states in part:
As
ti"!
'
on
at
the
of
pari
The
......
srw,-.1
■>
on
a
share for
Any shares of the new preferred
In exchange under the
plan will be purchased by UGI and
?liy unexchanged shares of the old preferred will be redeemed at 1JLO
cash
a
remaining -150,000
:
Viqt
*
Mardh L announced ?that ttrih'as -AAncummofftii
'consummated^-''*
acquisition of- S. Kleinthe Square" • in New York City-arid
iThe corporation
-
221,309
■
n/iw,r\rnVl/iir,
n-Wrt
.
««Q4 mi
250,510
*38,713
.
279.423
..^.5.
1943
...
$796,892
*12,053
Net ty. oper."inoomeMt
/
that com-
preferred
®f y«j
January-—
tlross froid :rdilway4iitr
when
taken
Gr^yst»n-Robias<Ha.Stores, Inc.--Acquires S. Klein—;
"
'
y"
-
Co.,
.
company proposes to Sell the new bonds
proposed new preferred stock
is to bear a
will be offered to
holders of the old
commenced
w'
Coal
-
share basis plus
,«
New
Balkan
un-
Coal
Given to Common Stockholders—
and farm
cars
Africa,
.tralia,
3073.
p.
Harvill
the-Middle' East,"; Union'of South
Central America,' South America, Mexico, the Caribbean. AusZealand,' Iceland, India,Burma, Ceylon, and elsewhere.
:"tl^ore thanyl,500 applications for distributorships have been received
from "England,, Prance, Spain, Ireland,
Switzerland, Italy, Poland, the
:
of
with
<;15l. p, 416;
^ Europe, the Scandinavian-countries,,
y
tons
-■
,
; !V"'
billion
a
program the company proposes to change the out¬
standing shares of common stock from
$160 par to no-par and to
I,, reduce
the stated value of the
common
stock
from
$2,762,200 to
$2,099,272 to create-a capital
surplus for property adjustment.—V.
equip-
•; •
11 -:
•. :v,
He announced also that the corporation had under consideration the
appointment.^bfimpre" than 75 additional eligible distributors in other
foreign countries.
A -grand total of 50,000 foreign and domestic appli-
186 yt cations for distributorships and
|'^lDeHcit$^'.:^M^
with 43 mines,. capacity
over
y
•
farm
and
SPW*,
'
1,975
.
and
1 P«i>- 28 by Hapry Dodge, President of, the Graham-Paige International
$.20855
>»» $9,'
tnet -debit
rents
of
t?uhe..lcon3.pany (subsidiary of United Gas Improvement Co.), has filed
WIt" the SEC a plan to replace its present $2,200,000 5% bonds and
5.000 shares of $7 preferred stock with
a similar amount of hew debt
and senior stock.
not
'hSU;
i
Distributors Narned in Foreign Ar^as—
-
162,
and
inclusive,
.
3 155
3.590.
;
the world,
reserves
The
accrued for the
at the rate .of ■ 5[h
per annum on
the' shares of 5% pumulative preferred stock A so
;
exchanged.- ! This accyued'dividend amounts to $.39 ppr share,
v
yy This offer of exchange expires on March
21,-1946.
'
>
-
"7-5,374 ';';
r cuciut .xvHiuoau
y
only
some^^
be
considered
lengtlr nf time,
in
the!:Middle
West,
which
.area
casting business.
after
Fall
A middle-Western
had operated profmove is indicated in the
River
but Such k
future
.
■
of
■
boring tools formerly made by the
Louis, which was purchased in 1945.
,
,
Davis
Boring Tool Co.
of
St.
-
....
,
|
,
,
.
.
.„.
In his letter to stockholders^ Mr. H. B.
In^his letter ko stockholders, Mr. H. B. Kraut, Chairman of the
of
said as to the future-that
"Shipments to the first-quarter of
,
'
board,
factory
With
>
.
The
the company
company
162, p. 2817.
backlog -of unfilled orders.-v.
Globe
1
that
AirciAft
SEC-—*
.
on
(par $10).
The corporation,
.
.
,
Fort
Worth,
(h. L.) Green €<*., Inc.—February Sales—
sales"—-- —b—T
Xexarw-^Registers
company-had
filed
a
registration
statement
.
the
preferred stock
7
,
organized
«™iii,ini,
with
in .Delaware
on
Feb.
,23,
™*lmt
:
issue
to. the
—--
146
store's
Greyhound Corp.—New.
^reynouna V/vrii.-rr^w.
,
t
1946/ for
„
,1945
1944-
*$2,662,598
$3,579,772
3,425
; UrlO,997
-
■
6,293
'
6,676
2,950
.
3,284
$2,675,266
2,237,315
Total income
product' sold__^_^^____-.____^
/Selling and delivery expenses—_
; Administrative and general expenses——
in
$289^241
red by
Tex a
v
elected
a
director
to
&
fill
Greyhound through
n
0,
p.
an
17Q
< <».
■-
-•
■
vacancy/
Motor
ne
$3,578,735
'■/
Amortization
v
"Miscellaneous
.
:
Inc.
of
Mr.
Lines
New
Stone
Corp.,
York
repie-
of
-
373,989
220,130)
/;'/17,984
investment
other
in
subsidiary—
8,004
for. the year..(est.)>«.—^
8,004
1,113
deductions-^/:
Prov. for Federal taxes on Income of
,
3,310,214
142,954)
interest expense
<.
WL
'
Webster
a
Identified with the Florida
to assume
plan of reorganization
teg
Direct
Director—
Whitney' Stone,. President- of Stone
nl1'-----
agreed
the
.
$4,722,642 $4,433,401
operation in February,, 1946,
<*.**>«*> month las'- -VMr-
interests
"
'
,
jj.as-.been
/'
mm»n
ACCOUNT FOR YEARS ENDED OC7« 31
Gross from railway
$12,417,385 $14,392,680 $13,517,738 $11,911,211 M Net sales
Z
Net from railway
Net-3ffbm railway—2,370,870
3,495,666
3,430,283
3,553,551
Profit on disposal of depreciable assets
Net ry. oper. income"—
income^-.
1,039,234 - -1,337,3:
1,337,350
1,306,647
1,659,282
iSundry; prior ^ears^Adjustments (net)—
—v
163, p. 652.
:
other inpome—
The
March .6
was
CONSOLIDATED INCOME
j.
1943
—
Corp.,
f SEC for. 150,000 shares of 5Vs
S»*e»raalatlveeonvcrtiWe
nf
satissatis
*
company
"
had" a
had' a
^
1
,
1946 would be ahead of last yeav and
v
5,431
subsidiary
3,266
—.—--
-
;
9,268
[
recently
/?
Profit after normal
depreciation
charges—,
stock.—V,162, p.
Recovery of .prior year's Federal taxes
-Jtoasec|
carry-back provisions of
America—Official /'. laws—estimated (net)——:
exchange of
§$128,173
$C*r40,430
on
Crl40,000
V. $84,931
$11,827
inc.
the
$44,501
tax
/share for share basis
common
in
the
Delaware
which
company
the
.
Texas
,
company
reelved
and
the
—
.
>
-
t
Net profit
Following his discharge after 22 months of military service, George '/ Preferred dividends
Texas eompany will be.
paid___/—/
dissolved.
• t.
Conklin, Jr., has returned to the Lome office of- this company as ? i;1
Comrnon dividends paid__—l_—_--——
offering to the holders of. its common stork all
pf
( Assistant to the President and Director of Researoh.^V;-163, p. 652.
Earnings per share_,.T_——
the preferred stock on the basis of.one share
preferred for each three^#'-/ //:■/''>./;
ijtnw'i. J
:'■■■
has
-
stock
.
■,
'"/;"_44i4r
1,493
50.000
The company is
$0.17
$0.02
',/■ Ir/. ; //
.*Including gross amounts of claims arising from terminations of war
;-t production contracts. •/tExcluding in 1945 factory expenses allocated
to reconversion.
m' ;
Company reported net profit for 1945 of $4,813,944 after all ex-:
tAftpr deducting a net of $53,349 for factory exand taxes includtog Fedeftf
of $1197,901 : The
l .penses deemed applicable to reconversion and a provision of $21,221
as $10 per
share • - '
'-T y
■
ng puce 1& plveiv :? profit, equal to $4.26 a common share, is /the largest inp the history .of
for
amortization of
emergency
facilities in excess of normal rates,
/
; x .:d..:yW't,-v"v..4be .company* oomparihg with $4,122,287, or
$3.51,,a common share, in
-The proceeds to the company upon sale of
.provided because depreciation of such assets in future years will not
the 150,000 shares of
,/ 1944.
'
/
'
,.'lL
?
V
be deductible in computing taxable Income.
^Deficit,
v
preferred Will be $1,275,000.
Of the proceeds ;the
^company /expects
• :
preferred stock, dividends of $4.25 atshare,
totaling $425,32I> And
<
to utUize
fm*^ reorganization and other expenses $34,000; payment Of / common stock dividends of $2 a
¥/•'/'¥'/ CONSOLIDATED BALANCE SHEET,. OCT. 31/ 1945
a
loan to the Reconstruction Finance
share, totaling $1,980,915, were paid,
Corp. 8960,000;: purchase price
^ leaving
a balance -of $2,407,208 to be added to surplus.
ASSETS—Cash
on
hand
and
on
deposit,
$74,497; U. S. Savings
'
Z"of a factory; building and equipment $250,000, and tor
'working ?api(
President G. M; "Humphrey reported to stockholders that in 1945 the
bonds, series E, $1,106; trade accounts receivable (including $302,569
tal $31,000.
;V
r
oompany-v/as-directly "responsible for the management*of three anthra¬
due under terminated war production contracts and less $11,000 reKobbe, Gearhart & Co.,.Inc., and Newburp,&r & Hano are
named
cite mines in Pennsylvania," nine bituminous coal mines in
Ohio, 21
serve), $383,588; inventories—at the lower cost
(first-in, first-out>
principal underwriters.—V. 163. p. 1158.
iron -ore mines -in Minnesota, Michigan, New
or
market
$168,426; recoverable portion of Federal taxes on income
York and Missouri, and 14
;
■steamships carrying iron ore, coal and'grain on the Great Lakes.
paid in prior years, $303,224; sundry accounts receivable,
deposits
k
(B. F.) Goodrich Co.-—To Double Geon
Tonnages compared with the preceding year as follows:
/ and advances, $5,330;- property, plant and equipment (after reserves
/.
«/ :
Capacity— f
r
•
An expansion
for
program
to more than double
x;''-'"/.:
• (
' -v /
depreciation and amortization of $257,936), $515,808;
goodwill,
1945
1944
the manufactqring
i $1;
; / facilities for Geon polyvinyl resins was announced >pn Feb. 28
Anthracite
prepaid taxes,., insurance and advertising, $24,183; preliminary
3,056,000
3,591,000
by W. B.
/
Richardson, President of B. F. Goodrich Chemical Co.
and
Bituminous
preoperating expenses of subsidiary, $12,112; organization ex¬
'
production______r._,-_„
;
/ 6,013,000 - 5,883,000
f >•-,Some output irom the enlarged facilities for the
QtKerv bituminoustonnage,,
penses of subsidiaries;, $3,873; total, $1,492,148.
production of poly-.
including
coal
'
■;
'
'«
Vinyl chloride and -related plastics raw materials will be available this
handled as agent-and, Lake forwarderei_i_-.
11,576,000
12,854,000
LIABILITIES—Notes
payable to bank, $395,488;
trade
accounts
Iron
summer,; and the full facilities will be in production
early in 1947,
9,296.000..; 7,207;p00
-/payable, $55,474; accrued salaries and wages, $16,183; accrued payMr. Richardson said.
::
"•
roh, deductions for bond purchases and taxes, $2,196; accrued cusGeon resins
are
employed -In manufacture of plastics which are
Total- tonnagew4i.f44—29,941,000>" 29,535,000
/ tomers' deposits, $1.3,812; accrued State, local and payroll taxes,
Widely used as insulation for wire and cable, upholstery,
In January,
waterproofing
$26,465; accrued interest, $1,391; Federal taxes on income of sub1945, the company acquired a 60'/v stock interest in the
/ shaves
of
common
at $9
per
share.
The
company
has
agreed
with
'
■
(M.-A.)-Hanna Co.—-Earning&r-,
»
-
-mrr
ih&twfilo^oPthe offwtoe'VwcbSvUffirhf S?.«0
:
SSfpfS-i
.
,,
.
,
_
„
,
,
.
<
,
..
.
f
.
-
•
■
.
,
the largest single stock¬
Consolidation Coal Co., the
Pittsburgh Coal Corp. in November to form
Co.
..■-/.,
„.,At ';he year-end Hanna owned $2,6.83,500 of 3'/a % debentures and
371,025 common shares of
Pittsburgh Consolidation Coal and expects
to
bring its common "holdings to
approximately 500,000 shares when
transactions
now
pending are completed, Mr.' Humphrey
stated.1—■
V.
The
,,
•
■
,
became
the
■
■
Inc.,
the prinSeptember the
& Chemical Co.
Harrisburg Gas Ce.- -Files Plan to Issue New Securitius---.;:y
.y.y
Stock
.
Chemicals,
In
common
value.»(. eWh. sharq of
exchanged.
The market price of
^. steck - for- «a'ch- share;«f preferred- stock,- • - -• M 1
y-iyy Holders will also bq .entitled to. receive the dividend
1945
1946
-
>
M
..
clpsing market price pf the common stock on the
Exchange on Feb. 26, 1946
fiv : irsine
By using this- market nrice of -^12.75 -nei- share for the common
this- market price of $12.75 per
stock- as the basis for computing the number -of shares thereof to
York
.New
&
Mpnth pf January—'
stock
common
amount-was
*.•;
vsk
be entitled
.
5.¥ Cumulative; preferred stock A
tthe
r
Georgla & Florida BR.^£arntngs
S
* (ilncipdiog :J5tatesbpr
will
terms;
equWeptJn market.wme .ta.the.par
.My;',-/
160, p. 430.
following
the
upon
.
eSS
it
over
i-thpye;expenses will, pot be less than $1,300,000.-
'
corporation is offering holders of 5% cumulative preferred stock
right to exchange all <ot any part -of the shares of 5% .cumulative
preferred stock A,
(par $50)
for shares of common stock (par $1)
preferred stock
;
combined
was
Pittsburgh Consolidation
y
Graham-Paige Motors Corp.—Exchange Offer-
,
:?*??*
be
to
$1,000
proposes that the property of the
reorganized Seaboard Air for a period Of 21.
leased to the
continued
refunding
$875,000 of
committee
■
,
and
value .common-stock,.
no par
stock for -each
common
«fe
chemicals,
through the merger into the Hanna comin December Of Bessemer Coal & Coke
Corp., which had owned
pany
in new
related
derivatives.
about
'
preferred stock and $800
Plastics
and
Pittsburgh
and
year,
came
/■ about one-half the stock of
new
Durex
company
newly .formed
20,000,000 tons
minedcoal.
In
of
plastics
commercial coal producer in
of
the
over'
'
1
■
,
in
San Francisco.
manufacturing- interests
took
and
*"
Pittsburgh Coke
Great Lakes Steamship Co. were sold
to Pittsburgh interests
already had substantial, holdings. in both
companies.
/
:
holder
in
1
during
the1
year,
Presithe
purchase
in
January,
1945,
of
ingredients of which are coal
Hanna, company's stock interests in
%
Headquarters
*
the
stock
common
of
ranges,
investments
investments
to
referred
of
Cuyuna
operations.
in
in
r; cipal
„
of
shares
manufacturer
a
W. Cay wood, General Manager of the company's foreign
with which he has been associated since 1917, has been
President
changes
changes
^
58,000
of
products
w^fannounced on March 5 by John L. Collyer, Presiy
Reporting on
_
on
Humphrey
,
dent
to engage in export of the company's
I Akron,' Ohio, with/branch offices-in
'
P.
producer and seller of Lake Superior iron ores
a
on the Mesabi and
supervision of the management of its
y
Company is Formed—
tne 'psicnu -cpiiipany.
oi
Interstate--; activities,
the
reorganization
which will reduce the
Capitalization to $2,275,000 fromr the present total of. $3,993,000, plus
'itl /CAA/nAn.11
V
$1,500;000 representing first and ^drtAV>/l YA'ofo'h'Ort t-fAAlrc ,u: M'
second preferred stocks.
«
The
1427
York,; /with properties
\/.,y \
1
-
of ..affiliated manufactpring plants outside of the
in the operation
Stanley
<(
'
:
•
International
of
Goodrich Co.,
'---'.J Georgia, Florida & Alabama RK.^Reorganization Plan 2'United States
d■ ■ ■'.
v.,
.•
>
International BFG
the B, p.
/.-¥/
,"V"'171*1 • j
riiea—
and in many other applications."
operates plants in Ohio, New
Chemical Co.-now
Goodrich
Kentucky and Texas.
Kentucky,and
cfo/>lrV»nlnOl,C
be sought. V The date
plan is May lb, 1946.—V. 162, p. 2147//
the
kinds,
F.
B.
which now
Ifr.
r\4r
meeting of its stockholders
-which lormal stockholders' approval /
anticipated -for actual consummation of ;'■
will
t
aIw./v
r
n
.The Associated corporation has
Mo be held on April 10,1946, at
those
integrated With
"General's.-Kentucky subsidiary, Lexington Telephone Co.,
serves about 22,000 telephones.
t;
•; ?:>;•
/ '"f
t-^
of all
THE COMMERCIAL & FINANCIAL CHRONICLE
1428
sidiary
for
$1
and
162,
$500,000;
with
been
Oct. 31, 1945 (est.), $3,266; reserve for
adjustments, $22,486; common stock (par
earned surplus, $455,388; total, $1,492,148.
ended
year
share),
per
—V.
the
conversions
postwar
charge
«"ment
the
since 1937.
During the war he was in full
production, the major part of which covered govern163,
bonds
'
1285.
p.
gage
2148.
p.
Hunter Mfg. Co., Croydon, Pa.—Redeems Pfd. Stock—
Howe Sound Co.—Declares 30-Cent Dividend—
Corp.—Earnings—
Hayes Mfg.
.,-tc;li°?arYears-
Net
—
1,856,534
1,798,241
1,420,088
income—
•Earned
'On
per
1,063,147
and
$3,312,031.
securities,
$3,250,000.—V.
of
r:
Gross
Inc.
chgs.
Net
the
less
sales,
Gross
excise
,
for
of
renegotiation. refunds-
Less
Balance
and
160,036
149,290
111,553
$538,205
Total:.
Interest
$554,930
>
1,545
paid 'w—A—
>be
for
for
Federal
Provision
for
Wisconsin
Net
Federal
The
;
have been renegotiated by
•
$1.31
$1.16
;
1942,
1943
Price Adjustment Board and re¬
a
1945.
the year 1945 has
been completed to Sept. 30,
1945, by which date the company's war
contracts were terminated,
and a resulting refund, $42,672 has been
paid in 1945; this refund is subject to review by the Price Adjustment
Board
of
after
made.
for
The
the
close
The
results
531,956 for
gotiation
the
for
for
such
that
for
review
the
on
amounted
not
of
yet
the
has
basis
1
$25,435
to
;
for
-
1944
on
BALANCE
employee's
SHEET
hand,
on
AS
DECEMBER
OF
Cash
$309;
the
? its
of
.
bonds
(per
contra), $1,976;
United
Government
securities—at
cost,
which approximated market
$313,700;. postwar refund bonds, $23,169;
accounts
receivable
for
reserve
doubtful
accounts
$198,281;
$6,000),
work
(flrst-in;
in
first-out)
market,
or
surrender
value
of
ment—at
cost
(after
prepaid
finished
process,
life
$3,105;
expenses,
$1,976;
slon
withheld
accrued
for
taxes
share),
for
$20,584;
for
total,
"Taxes
taxes
equip¬
$284,786;
% I);
income,
total, $1,339,243—V. 163,
p.
$56,578;
surplus,
earned
1,049,060
1,075,640
$1,912,824
Federal
5 $2,261,033
—
86,948
:VvX
income
Net
Interest
and
5s
$372,480;
1st
to
and
lien
bond int.-$2,161,085
refunding
,
.
public
r,
sales
Net
Cost
of
including selling, advertising and delivery expenses—
Administrative
&
general
1944
$798,814
——
sales,
Int.
'
1945
$924,604
"
'
-r.
1,565.911
$909,480
$1,114,402
:
$979,170
s-
76,738
Other
profit
♦$11,960
income
iiiliSirm
income
Total
Discounts,
accounts,
74,647
taxes
17,590
22,711
£.;•
$27,020:
7,689.
on
income——
ASSETS—
profit
:
I6.291
79,000
$11,346
$2,462
$117,258
Investments
NOTE—Provision
to
for
$37,655
to
in
depreciation
and
amortization ' of
leasehold
manufacturing and other classes of
$48,931 in 1944, and $49,915
1945,
162,
1170.
p.
accounts
Other
1943.
current
^Deferred
■
...
Houston Lighting & Power
Operating
revs.—elec—
$1,581,305
_____
916,205
Operation
Maintenance
—
Depreciation
of
limited
for
repairs defd.
of
sult
a
properties
Prov.
for
1,537,297
1,674,913
Preferred
1,751,482
1,300,000
Stock
Fed.
exc;
First
r iruCA'i-
■■—.250,000
*
'
■
other
All
taxes
taxes
Cr38,880
•V 250.000
,>
127,812
Crl,174,952,1
92,539
5,068,115
.1,431,477
Net
oper.
$269,953
$1,340,347
7,U/0
revenue
income—net
S,2yl
$3,953,943
50,940
income
Total 4ncome
■
1,317,946
income,
Dividends applic.
—
.
.
Accrued
95,651
1,362,076
1,016,023
to
2,448,520
pref. stocks for
163, p.
71.
Tax
interest
Mr.
rents
11,626
interest
outstdg.
on
944,000
29.202,705
29,459,705
bonds——
23,051.000
23,936,000
141.141
127,833
192,425
liability
of
casualty
———•
car-service
8,355,020
112,491
-—-—$111,309,7468123,632,793
assets-^"v
ITEMS—
balances
'
months—$2,500,000
six
within
maturing
,3,827.277
121,880
——
"
(Cr)——'
$2,500,000
791,230
accrued——-:——--—;——: !T,743,226
payable.
2,095,015
11,439,993
7,194,970
2,334,773
:1,896,207
1,993,013
34,749,246
58,080,349
and
wages
interest
accounts
accrued
863,216
785,853
65,564,630
83,725,158
—--24,868,476
9,880,770
48,749.642
9,330,707
16,782,152
10,739,431
•
———
liabilities--——.—
current
—
Analysis of accrued tax liability;
S.
Government
than
v-Other
taxes-——
Government
S.
U.
taxes—'
unadjusted credits—-tw———-—'
months
after
in
debt
close
of
y
(other
account of principal of long-term debt
•Includes payments on
long-term
—
default)
month
of
which
report.
become due within six
JDoes not include any excess
will
"
NOTE—This statement Includes Gulf St Ship Island RR. for
entire
I944.a-~V,'T63,'• j).:-L159.^:-p-'*
Illinois Terminal RR.—EarningS7-
depreciation
(misc.
$2,603,272
$2,640,996
unadjusted
Funded
debt
Miscellaneous
and
fund
loss
surplus.—
e
-Total
—;
1045
*1945.
—
11/4%
t24Ve ''0
■?? ' Mi;;
1946 •
$754,275
211,362 ?
.
Net ry, oper.
—V.
163, p.
<
119,595'
99,235
income—•
780.
-
1945
•
$990,175 ,
415,755 ? .
»
;
"
1944
$915,366
404,249
1943
$737,478
*313.149
112,463
138,729
"
v
' '
'
Incorporated Investors—Two New Directors—
*
have been elected to the
Joseph P. Spang, Jr., and George C. Cutler
of directors.
Mr. Spang is President
board
of
of Gillette Safety Razor
Mr,':'Cutler, who recently joined the company, is a director
Coast Line RR., the Louisville & Nashville RR. and
& Bradstreet.
■
.H-''
a
directors' meeting following the annual meeting of the stock¬
and
Co.
Atlantic
the
At
.
holders,
Mr.
Cutler
was
V
Declares Dividend
elected
Chairman
the Executive Com¬
of
:-
of 20 Cents—
;",
A dividend of 20 cents per share has been declared on the capital
stock, par $5, payable April 30 to holders of record March 28.
Pay¬
ments last year were as fohows:
April 28, July 31 and Oct. 31, 20
,
—
—
—
Indianapolis Power & Light
The
Common
company
Stocks—
Co.—Registers Preferred
has
"
•
filed
^
5,647,495
5,385,600
12,082
15,869
196[519
3241715
720,000
560,000
187,862
7,734,644
7,569,227
117,539
212,950
4,9241383
——
4,924,383
—
354,762
355,274
———4,500.575
4,225,531
;
22, a year-end of $3.25 (latter payment repre¬
from net capital gains).—V. 163, p. 903. ?:
Dec.
registration statements with the SEC for
120.000 shares of 4% cumulative preferred stock (par $100) and 142,000
shares of common stock (no pan.
The company
is offering to the holders of its 140,591 shares of
51/.%
cumulative preferred stock the opportunity to exchange their
shares for the
120.000 shares of 4'/i> preferred and in the event of
over-subscription, the 120.000 shares of new preferred will be allocated
on
a
pro rata basis, the exchange carrying a cash adjustment.
Apy
unexchanged balance of new preferred will be soid to underwriters
and offered to the public at a price to be filed by amendment.
The company is offering the common
stock to the holders of its
common stock at a price to be filed by amendment at the rate of one
share of new common for each five shares held.
The company will apply net proceeds from the sale of new preferred
stock sold to
underwriters, and the net proceeds from sale °f the
142 967 shares of common, to the redemption probably in April, 1946,
at $112 per snare and accrued dividends, of such ol' the 140,591 shares
of
old preferred as shall not be exchanged.
Tne company also has
2,628
physical property)
——
and
635,170
6,5401336
surplus..
each;
627,513
7,08L389
——
cents
senting $3 per share
and
vV'
■■■-iA'-Af
.
railway-
railway—--
178,062
equipment)'—
and
throueh
reserves
from
from
Net
598,400
276,623
credits—--
retired
'
January—
Gross
174,661
^————
—
Accrued
Managfer;'-has
8,833,743
lu,owo,»4l
577,863
288,138
2,484-
mtge.
public——
—
reserves——
reserves—.
317,416
Works
5,556,519
.
-
income
the
——————
and
389,588
director, succeeding
receivable——-———
104,490
.
—
adjustment
hands
in
11,626
944,000
bonds—
5%
payable—-——
(road
a
'..5,242,939
—
liabilities—
depreciation
G:
and
Accrued
(R.) Hoe & Co., Inc.—New President—
Outright, who recently resigned.
Auer, former Vice President and General
39.995,385
5,242,939
——
$2,958,412
.
Joseph L. Auer has been elected President and
39,995,385
—
bonds
deferred, liabilities—
Profit
Harold
conversion
4Va%
interest)and
Insurance
Other
——L-—l1..-
Balance
—V.
for
$2,992,860
period
tOR«9i44
&
receivable
mittee.
accounts
current
bonds
$5,406,932
Dr$17,438
86,047
131,442,573
payable—dividends payable——
tDeferred
20,170
$4,008,883
$181,377
31,277
29,895
—
refunding mortgage
income ^mortgage 5(4
Maintenance
Net
3,798,797
33,286
wagesr.payable
Matured
$5,386,762
$1,344,638
10,507
'"!'275,o42
? 2 70P5.7Q4
assets-
accounts
Total
17,519
35,273
131.535,439
:i'Interest on adjustment income mortgage bonds
outstanding in: hands of the public——i-i, :
:
2,929,894
$277,028
deducts.:.-
•
4,231,289
••
K,
—d——.l__————
mortgage
Other
Gross
37,099
855,419
168,633
210,596
♦
lien-and
Other
Other
'
———
Miscellaneous
'
income
prof,
—
Auditedoaccountjij^nd
'
!
^
65,636,230
4,727,064
conducts—
Other current liabilities
439,436
17,215::r
:i::
;I
"
stock
Adjustment
:"'1
■'
k-
-
———„——
liability
SFirst
2,400
•
and
stock
108,333
re¬
of
192,352
other
debits-———.
LIABILITIES—
Common
and
use
-
476,530
funds);.
insurance premiums paid in advance
j.
145,637
200
as
accel.
$1,652,561 $20,811,549 $20,041,002
890,657
7,066,835
7,181,487
term
maint.
——a—
i ,- Total
147,409
invsts.
electric
Prov.
r
(Dr)——
agts.
supplies—:—' 1
receivable-—561,892
debt
and
2,017
dividends
current
Accrued
Dun
1945—12 Mos.—1944
158,606
——
^
————
and
624,345
590,039
receivable.——„
(insurance
unadjusted
Co.—Earnings—
1945—Month—1944
balances
from
month and period*in both 1945 and
43,807
.
:.142,276
assets————
assets
and
Rents
Other
Period End. Dec. 31—
,
$
.536,000
————
supplies-—-—
and
Interest. receivable
■
expenses
in
1944
43,807
—
————
Material
.
Amort,
companies
—
_—
Sepcial deposits
■
amounted
—V.
affiliated
In
Miscellaneous
improvements charged
58,287,690
5,675,770
profits tax bonds.
'
$
Other investments -——.i.-—v
;
'Loss.
:
1944'
.
——
Cash
Net
%
4
j
accounts
Unmatured
Road and equipment—_———— 111,175,119 111,172,591
Deposits in lieu of mortgaged property sold150,342
128,655
Maintenance funds
£
:
276,623
187,862
Miscellaneous physical property——13,603,567
13,642,316
:
$212,549
.6,000
-
$159,037
1945
'
—
payable-^.—-—
12,633,230
Miscellaneous accounts payable
—10,291,505
Interest matured
unpaid—
——
.2,397,962
1,273,440
.
$289,070
'
,
Investments;
20,651
9.674
600
$500,577
—
GENERAL BALANCE SHEET, DEC. 31
<
73,849
$191,898
doubtful
-A-
etc.
for
for
..
1,198,550
1,155,017
investments—-
accounts
and
current
Other
713,423
$9,430 '
.
$10,751
—
provision
Provisions
|
.
'
in hands of the public
Deficit for the year
.
840,527
■
Operating
bds. outstdg..
1945
.
•
.1,527,097
adjus. inc. 5%
on
„
ITEMS—,
receivable
and
Audited
than
734,037 :!
expenses.
1943
-
-
car-service
and
Total
'i.-
,
taxes— Cr4,072,654
*
balance
U.
3 Months Ended Dec. 31—
15,934,523
9,538,808
3,857,798
36,892,765
797,428
227,2238,378,071
3,191,765
21,331,746
5,718,504
SELECTED LIABILITY
$2,680,314
1,506,645
—
12,293,673
bills "receivable————————r
and
Taxes
———————_0:: $654,440
Balance
(Charles, E.) Hires Co* (& Subs.)—Earnings—
•
12,906,65410,683,748
9,955,519
998,800
1,459,561
(gross)
•Funded
91,430
,
-
$2,458,361 $23,590,402 328,278.196
-
for adds. St betterments road)
$4,032,514"
——
for adds & betterm'ts (equip)
1,330,989
Inve&t. in stocks, oonas, &c., otner than tnose;
:
' ?
of affiliated companies——
—,
43,057 ' $31,902
Other unadjusted
debits
—-——1,306,327 ;
632,851
Cash !
—18,741,723
17,212,278
Expend,
jOther
$2,771,744
.
.
'
59,913
'
Expend.: (gross)
Accrued
112,037
.
$2,436,577
.
4V28 butstandg.
mtge.
of the
hands
in
1285.
applic.
1st
on
57,321
o,020
1
V- 1,215,143
SELECTED ASSET
Interest
.•
—
'
2,193,652
———
income
Materials
$2,659,707
$2,523,525
99,948
!
other than bd. int.
"
•$2,924,179
Miscellaneous
.502,124? 527,622
$2,414,948
108,577
$2,463,381 $23,647,723 $28,288,109
5,002
SELECTED BALANCE SHEET ITEMS,. DEC. 31
$2,132,085
$2,155,601
—-105,432
•$725,525
,
—*$730,527
'•^•Deficit. '
1,109,440
;
;
fixed
for
Amortization
$3,241,525
♦ 1944
$7,239,981
opers?;-?.^ J 612,982
$2,155,287 $20,331,845 $24,885,452
308,094
3,315,878
3,402,657
-
-
Depreciation
Net
4,251,517
,
j '
" 1945—12 Mos —1944
1945—Month—1944
Net income
Traffic
$2,988,464
—
——
j
savings bonds)
per
contra,
sundry expenses, $56,889; nrovicommon stock
(par value $3 per
$488,365;
surplus,
Gross income
Income deducts,
employees!
"
•$905,268
179,743
fixed' charges
Loans
•
war
and
railroad
Operating income—
Non-operating income
-
of
purchase
to
railroad opers.
than
'
Ship Island RR.
St
"
—^
charges
-
4,538,734
opers.
avail
Total
r"-'
'
$1,542,619
railroad
-j;
y
—
Gulf
income—
oper.
income
Inc.
' 1943
$7,322,515
4,080,990
1945
$7,130,413
ry.
Traffic
cash
.
due
J
31
$2,591,679
\
—
cost
;
$62,955;
(trade),
paid-in
$300,000;
and
$383,239),
DEC.
ENDED
YEARS
operating income.
Net inc. other
'rir-V-ii jr.
SELECTED INCOME ACCOUNT FIGURES
Total Income
;
Wilroad
ma¬
include
to
Temporary cash
Special deposits
value,
(after
'
——
jMisc, deducts, from inc.
:.v
-v-..
expenses-'-—
to
'*
-j.-
.
duly elected to fill the vacancy.
was
ACCOUNT FOR
from
-
Period End. Dec. 31—
Net
director since Jan. 17, 1924,
Chief Engineer: Consultant
a
Forgie,
operating
applicable
ry.
Other
the
by
;•
,
V
taxes
years..
James
revenues;
revenue
'J.-
*• ;
.•
from
•Restated
Manhattan
will.; receive
a>
paid during the period
an appreciable portion of
&
who had been
1S45.
,
Net
:
:
■
orders
of
from
Net
relieved of
operating
Railroad
$266,526
'
1946
r,
' ">1945
^1944
railway—,
$14,512,518 $18,211,413 $17,949,013
railway—3,166,144 ,• 6,150,498
6,171,272
oper. income
1,482,858
2,143,441
2,099,232
January—
Net
1933-1942,
4
of
$493,333;
plant
property,
depreciation
subsequent
for
27,
backlog
--r '•
Gross
public
accrued
,
probably be
INCOME
Railroad
parts—at
lower,
$1,339,243.
payable
payroll,
on
the
duly
road for many, years,
pro¬
inventories—raw
service
and
whichever
insurance,
reserve
LIABILITIES—accounts
(amounts
goods
been
Barnum,
Dec.
$210,122
——'
$20,000,000
-v-'
I
-
.
terials
Henry
the
States
savings
war
burden
tax
Wm.
385,842
or
had
will
1,500
333,872
contingencies-^.-
Illinois Central RR. Co.—Earnings—
1945, 13A%, or $17.50 per $1,000
the last six months of the year, a5
of claims for certain
York for the period
New
and
rene¬
purpose
of
and
President.
as
current
excess^ of
£2
1
'
the exceptionally large payment of AXU% for
possible only by a non-recurring income credit created
which
taxes
of the two companies is said tq be
.■'•"
Hytron operates plants in Salem, Newburyport, Lawrence and Bev¬
erly, Mass. ' Air King has four plants in Brooklyn.
With its eight
modern factories the unified "company would have a capacity for 100,000 radio tubes and 5,000 radio sets daily.—V, 162, p. 570.
that
adjustment
1945
for
The
in
of
for
1944-
$653,868
4,500
contracts
war
March
April
however,
City
V:
.
31,
deposits
months
1945;
1,
1V4%,
the
J
ASSETS—Cash
'
\-«
.
of
corporation has acquired all of the outstanding capital stock
King Products Co., Inc., of Brooklyn, N. Y., it was announced
11 in a statement issued jointly by Bruce A. Coffin, Presi¬
dent
of Hytron,
and J. P. Lieberman, President of Air King.
Air
King will operate as a division of Hytron under the direction of Mr.
compared with
V
six
Oct.
of
made
was
mentioned
and
.
first
paid
was
lesigned
1945
the
For
'■■JP
'
;
Air
on
and
,
been
after giving effect
stated
$21,584
as
renegotiation
Net income—
of
$211,507,
pay¬
•'/•'■pV:
j
This
Brown,
increase of
an
earned
was
•*/?'* "v"'
'
immediate
v.,
•
"*'v
,
15
Co.,.New
Hytron Radio & Electronics Corp.—Acquisition—
99,733
.
interest
receiving
of
r-'. vV-'V-
-i
Trust
&
—V. 162, p. 2643.
outstdg.
F.
option
Bank
$548,494
for Federal
,'
$78,149
(5%)
the
company's
contentions,
Hudson
'-refund
of
approximately $300,000 of
operating
to cost of
in excess of reserve provided and additional
income
(see statement of surplus).
1944 is
public
$78,305
bonds
Inc.
bonds
National
profit
for
133,775
'•
96,046
adj.
on
Income
$500,577,
was
the
additional refund will be required.
r,
taxes
but
year
no
depreciation
profit for
for
contracts
war
believes
year,
1944.
net
vision
of
entire
provision
The
company's
management
the
been paid before Dec. 31,
government had
sulting refunds to the
Renegotiation
T 133,587
;
,
$116,036
100,000
-
company's war contracts for the years ended Dec. 31,
1944
and
1,
share——
per
bonds)—
utility taxes asserted
provision for the
company's management.
The accumulated arrearages of interest on the adjustment
income
bonds outstanding in the hands of the public Dec. 31, 1945,
after the disbursement that will be made April 1 next, will amount
to
24Va%, or $5,647,495.
;
'
,
' '
" ,(
'\
During the year $257,000 par value of first lien and refunding
bonds
at a
cost
of $184,074, and $885,000 par value of adjustment
income
bonds
at
a
cost
of $301,022
were
purchased in the open
market and retired, thereby effecting a reduction in annual interest
charges of $57,100 and eliminating interest arrearages of $215,625.
The
appeal of the City of New York from the decision by the
Appellate Division of the Supreme Court of New York, affirming a
judgment by the Supreme Court reducing the assessed valuation of?
Hudson
Terminal Buildings for the period
1932-1942, has been sub¬
mitted and will be decided shortly.
If the Court of Appeals sustains
29,923
$131,385
:: 100,000
-
Dividends
Earnings
8,623
$211,924
1945, resulting from all the company's operations, after
to the increased amortization and depreciation charges
year
payment of
54.712
tax.—_
profit
the
by
296.898
33,000
tax—__—_
income
State
of
by
%
9,935
53,000
336,000
surtax
profits
excess
inc.
Report—Walter
effect
noted,
1944
'
and
normal
Provision
int.
adj.
the
V'1'
Reserve
$12.50 per $1,000 bond, has been authorized
1, 1946. The total paid upon the adjustment
i income bonds for 1945 of 3%, or $30
per $1,000 bond, compares with
or $42.50
per $1,000 bond,
paid for the year 1944.
It should
$507,504
■—f—•
Provision
on
for
will be payable
and
:{:??' 16,248
•
——
int.
adjustment
"disbursement
$491,256
16,725
—
the
bond,
$762,845
214,179
——
general expense.
income
Other
8,888
$17,741
follows:
2,104,859
$901,674
expenses——
Administrative
$203,301
•
had
r
recently called for redem-
was
and dividends amounting to
share
per
'*!
Reserve
paid on the first mortgage
and
first lien and refunding mortgage 5 ?c bonds in the hands of the public.?
Upon the adjustment income bonds, which bear cumulative interest
of
5 %
per
alinum,
payments have been
made and authorized
as
$2,867,704
2,127,692
Selling
of
available
on
$330,098,
Full
$3,029,366
Net
$203,004
1944.'
1944
.
taxes—
616,777
—,
Holders
156, p. 342.
$5
Commercial
1945
602,252
taxes—
preferred stock
at
the
'
$211,892
(excl.
inc.
giving
•••.■.'} ;;
$3,072,038
$3,045,704
42,672 • .179,000
dis-
allowances,
and
returns
and
freight
countSj
Y.
Lieberman
be used to in¬
plans for ex¬
1945
N.
li'"
Net
Chairman of the
Board and President, on March 9, stated in part:
\
The deficit, or amount by which full bond interest was not earned,
YEARS
CALENDAR
FOR
ACCOUNT
York,
$820,078
income
Annual
pansion.
INCOME
at
share,
1945
1946
..
.
Deficit
;
steps
proceeds from the sale of these shares will
working capital and to carry out tentative
net
The
crease
.
v
•
•
toward the issuance of
an
additional 40,000 shares of common stock of the company out of
the already authorized, but unissued,
100,000 shares.
The new shares
will be offered to the stockholders before sale to the public.
.
preliminary
taken
have
per
ment.—V.
Offer Additional
to Stockholders—Annual Report—
directors
1946,
cents
Huylers—Earnings for Calendar Years—
—;r?' $805,256
income
Interest
Hein-Werner Motor Parts Corp.—To
The
ption on Jan. 2,
Co.—Earnings—
A
&
expenses
ill the hands
Stock
been
January—•
Non-operating income
current liabilities
1285.
163, p.
has
operating revenue—
Operating
of
its
Corp., of Adrian, Mich., with assets of
Electric
Faraday
subsidiary,
share
per
,
Operating
has arranged to purchase, through an exchange
the American Engineering Company of Philadelphia and
company
about
Gross
.
including
'
•
cents
•.
Month
$5,954,067,
of $3,002,904, while
government securities
cash
an
assets
current
were
The
deducting
tAfter
1945 and $1,000,000 in 1944.
at Sept. 30,
1945, were
of $700,000 in
Total
30
'•
$0.50
$0.84
estimated renegotiation
share—-——-—.-—
shares.
875,000
refund
.
of
Hudson & Manhattan RR.
—$436,446
.——
common
The entire issue of 6%
declared on the $5 par
common stock, payable March 30 to holders of record March 22.
Pay¬
ments last year were as follows: March 31 and June 30, 30 cents each;
and Sept. 29 and Dec. 21, 40 cents each.—V. 163, p. 903.
;
■
V:
/.•
0,<~>
v
I'^oo'oa?
—
-
taxes
dividend
A
---•———■—
nrofit
Federal
.■>
?!mwlm
:•
————1*
income
Gross
Net
::
v'":'
value of company bonds reacquired.
§After deducting $66,204,000
pledged as collateral under the first lien and refunding mort¬
and the adjustment income mortgage.—V. 162, p. 3192.
par
company
of Hoe's
contracts.—V.
Monday, March 18, 1946
131,535,439
131,442,573
payable April 1, 1946 and in 1944 2Vsri paid April 1,
in 1945 and 22Vz'}, in 1944, % After deducting $9,407,000
•Volume
163
-Number 4473
THE COMMERCIAL &
FINANCIAL
CHRONICLE
1429
arranged with a group of seven banks for a loan of $3,000,000 to
per¬
mit retirement of $2,200,000 2Vz%
serial notes and to provide the
company with $800,000 of additional funds.
'
The
underwriting
Sachs
&
Co.
group is headed.by, Lehman
the First Boston Corp.—V. 161,
and
l,v:' 1',!
Brothers,
2661. ;
corporation
McKittrick
He
was
office.
Ivor
to
the
previously
-
'
-
C.
March
on
12
position
Divisional
1
-i1
Armistead
of
-'*'
been
in
General
■i'
The
ter
company
'
ters
also
Manager
as
of
in
New
counting
••
The
tive
York.
machine
IBM
He
was
division
also
was
from
the
,
,
+
,
previously Manager of the electric acdepartment.
Kenney as IBM field operations execu¬
announced.
He
department.-.—V.
was*
163,
p.
previously
7
The
SEC
company
for
of
$1,200
units.
.
■'^'07 V?vv7
7.
in
the
:V
-
a
.'7
7
aggregate
the
subscriber
;
t..
of
elected
'f:
it
was
*
with
Export-Import Bank of Washington,
announced
the
International
D.
C.,
Telephone
has
&
Federal
the I.
C.
of
Joined
A.
T.
&
Urffer
Federal
Radio
tc
T.
as
Corp.,
in
domestic
Corp.^
of
industrial
Telegraph
SEC. has
change
.;
and
close of
;
granted
the
registration
■T
1944
after
the
trading March
'",.7
-
(A DELAWARE
with
,:
the
to
The increase of $6.35 in
New
653.
York
from
$1)
Curb
,,
!
net
1944,
A
The increase
7
to
$9.45
,
v
STATEMENT, YEARS
$1,500,000),
amortization
vance
asset
value
income
7
(due
59,563
$136,567
•
Total
•
—
.1
2,152
476
$301,224
$175,011
*571,625
-
;
—
r
306,359
169,634
:"-V ■ 777,. -;.v-7;7
;
"
-7
■
'V.7i =7
:
.7
.
t
\
-
accounts
payable
for
securities
purchased,
dividends, $16,464;
unclaimed
ana
taxes other
\J
at Feb.
as
securities
28,
1946,
owned
1945.—'V.
based upon
adjusted
with
compares
7
7
....
163,
Operation;;
Maintenance
Depreciation
163, p,
to
$34.09
share of
the
Jan.
12
mos.
780.
j
,
and
-
.
$32.62.
was
-
This
$28.54
'
-
revenue
Net
•
income
Gross
Net
———L—_—
Federal
and
excess
{7
from
charges
profits
operations
—
taxes
886,546
$1,383,349
—.
and
other
deductions—^
41,730
$1,427,832
'
;j.
on
March
12
a
7-
P.
Jack &
The
$5
for
par
common
$0.88
$0.78
shares
the 4%
stock.-
Co;,
New York,
cumulative
N.
preferred
B.
10
C.
as
President
Precision
Mr.
other
corporation
Milner.
of
Chairman
the
Dr4,599
of
Precision
Products
and
on
head
of
engineering,
merged
7.
'
companies
"7-
last
in
charge
of
'
of
stock
payable April
dividend of like
a
distribution
one
in
1945
of
cents
•
162, p.
1945
—
181,719
76,860
share
-1944
900,674
33,567
$983,777
18,661
$867,802
$1,002,438
273,348
investments—
294.602
——
taxes
:
30,126
,
3,000,000 shs, of stock
,
87,873
$564,328
$619,963
$0,18
—I
on
$0.21
4
,
Co.—Earnings—^^
1945
1944
$7,184,42d
$5,310,998
————*
675,573
88,739
4,359,894
In
3,132,509
-63,735
53,141
sub.—
Crll9,478
.
$2,214,705
—
common
-share
A
on
the
on
March
common
March
5
declared
stock,
18.
This
no
Crl2,867
$2,649,474
$2.74
$2.97
Lane Bryant,
sales
p.
•
r
1
,
','.r
J*
,
extra
162,
distri-
p.
Rose
1946—Month—1945
$2,855,987
$2,509,787
13.8%—
1946—2 Mos.—1945
$6,386,911
905,
Latin American
■
$5,415,594
■
"
Airways, Inc.—Stock Offered—Willis
E. Burnside & Co., New
York, on March 8 offered 99,166
shares common stock (par $1) at
$3 per share.
The
194,944
-7 98,688
Transfer
been oversubscribed.
of
1,304,659
"B3"
fund
shows
net
assets
"S4"
of
line
total
net
on
reports
total
net
assets
1,285,630
of
;
Co.,
New York,
•
on
that
country.
Under
of Ecuador,
dated
to the corporation.
••
•'
and
Jersey
'"'-7.
July
decree
a
14,
of
1945,
the
such
President
of
concession
a
the
was
The concession grants the corporation the
right to establish, mainand operate a commercial airline in
Ecuador for the transpor¬
tation
of
Quito,
shares
$19,840,523
''
^..
tain
v
Guayaquil,
mail
passengers,
Riobaniba,
and
Esmeraldas,
Machala,
cargo
Bahia,
among
Manta,
Puerto
Bolivar, Ambato,
can, Daule, Babahoyc, Vinces and Quevedo.
•
fund
within
Republic
on Jan.
31, 1946, equal to $20.64
outstanding at that time.
This
$25,058,077 at the close of the last
$19.49
Transfer
was
organized in Delaware April 26,
1945 for the purpose of
applying to the government of the Republic
of Ecuador for a concession to establish
and operate a national air¬
shares
1945, amounting to
&
CORPORATION—Corporation
granted
Series
Registrar
I Cityv.;.7{;.7'>:..,4„.;..;7,
ten
the
agent,
to
$8.79
per
share
the
on
various cities, including
Salinas, Loja, Cuenca,
Latacunga, Ibarra, Tul-
v
the
2,256,688 out¬
than 46%
in net asset
:>
for.
-
; ..y,■
Fisher
Memphis
March
Aircraft
plant
12
War
Governmental
•
Assets
Corporation, the
negotiations for the purchase of
in Memphis, Tenn., it was: an¬
at Neenah,
Wis., by Cola G. Parker, President of
the
company.
The plant was
used
to
manufacture
B-25
bomber
parts during the war and
contains about 600,000 square feet of floor
space.-
Mr.
.
Parker
estimated
it
would
its
reauire
12
{/''X- ■' r-;'• .7,;V"-
for
the
assistance
into
to
Ecuador
facilitate
is
fullv
acquisition of
assured.
In
this
Decree states "in order to
duly
the government will instruct its
abroad,
,
as
well
as
Its
equipment
connection
and
the
comply with the aforementioned clause,
diplomatic and consular repersentatlves
administrative offices, to take the
steps to give due and preferential attention to the
requests of the company."
Use of existing airfields,
necessary
execution of the
and those which
hereafter be constructed by the Government is
granted.
Author¬
to use State property without
charge, and, with "previous
V authorization" to build offices,
workshops, hangars, runways,
etc.,
manufacture
thereon.
Schools and centers for
training flying and ground per*
7--v
months to reconvert
Plant and obtain delivery of equipment needed
importation
;"-
may
ity is given
the
v!:{V{{{{TV;'{-y.fV:"■{V^
A
2644.
^-'l
Inc.—February Saies
Period End. Feb. 28—
163,
with
1945.
In addition, an
Dec.. 15 last year.—V.
on
»1-'.
cash dividend of 50 cents
per
payable April 1 to holders
37V2 cents paid on Jan. 2
a
value,
par
compares
last, and In each quarter
during
bution of 50 cents was made
means
$329,434
{7
77,629
3075.
203,435
$2,032,341
1,048,564
$834,236
profit——
0, of record
1943
of
10
share
Increases Quarterly Distribution—-
Net
*
per
plus
per
157,365
$1,734,910
*
income..4——*——
per
holders
1.—V.
profit,.
for
cents
to
amount,
7Va
Oct,
on
7'/a
l
Ltd.—Earnings—
taxes
Earned
"S4."
1946, equivalent
shares.
This is
from
nounced
several
succeeds William S. Jack, who becomes
charge of all production.
Vice-President and Secretary of Jack &
Heintz,
the
common
dividend
a
stock,
contingencies, etc.——-——-—,
v
$331,257
181,769 7
Subject to final confirmation
by the
Kimberly-Clark Corp. has concluded
March
incorporated
in
of
2
Only
"
companies,
board
Jan.
{
declared
profit
Net
$2,982,569
Kimberly-Clark Corp.—Expansion—
announced
recently
On
Minority interests
Reserve for
7'-
1944
$350,002
78,941
report
on
Series
31,
value
the
Ralph M. Heintz,
Inc., becomes Vice-President
all
was
ihe
and
8
common
Extraordinary charges
vided
this
—
receivable
bullion—
costs————
| issue has
July 31,
outstanding.
standing
•■7
Y., has been appointed
par stock, and com¬
Products Corp.
Industrial
Chairman
of
4
$4,623,116
;
•;
■
$63,262
v'7 The service was required to begin within six months
following the
date
of
the
decree.
This
an increase of more
period was later officially extended to
March 21. 1946, and the corporation is
figure of $5.99 per share at the close of the last fiscal
presently making application
year on July 31, 1945, when total
$ for a further extension of 30 days.
net assets were
v
$9,762,490 and there
were 1,630,639 shares
Feeder service for points outside of the cities
outstanding.—V. 163, p. 781.
enumerated is pro;{ ;7\
Jan.
$50
Milner, Jr., New York Industrialist,
18,718
.
$318,788
Series
the
on
with
year
The
,77-;-
Heintz Precision
Industries, Inc.—Registrar—
$58 181
18,466
i—
>
12 Mos. Ended Dec. 31—
Net Income-,—,!—
$26,930,039 at market values
share
compares
then
Fund
semi-annual
assets of
per
Top Officials Named—Directors Elected—
.
»
Stock
The
$321,837
.7.7
Manufacturers Trust
registrar
mon
412,000
904.
$73,205
,
—V.
781.
p.
29,809
$92,191
34,010
of
'Lambert
4,106,400
1160.
p.
1945
7163,782.
<
income—,
$103,014
7
receivable,
March
paid.
the
7—V., 161, p. 2557.
69,100
(
accounts
par
20.
on
-Earn, per ah.
Keystone Funds amounted to more
31, 1946, a new high figure which com¬
pares with $160,000,000 at the close of
1945, it is revealed by the
semi-annual reports of two of the
funds, made public March 5. These
are the Low-Priced Bond
Fund, Series "B3" and the Low-Priced Com¬
mon
.,334,903
$363,927
on
oper.
163,
fiscal
share
per
""
163.
28,929
$362,197
245,643
1,484,131
Ry.—Earnings—
: 7.7v 1946
A/Tt Combined net assets of .the
V than $173,0000,000 on
Jan.
1
Balance
Total
Net
Ky.—Proposed Refunding—
director.—V.
20,187
8,967
.-?;67,138
on
$5
^Depreciation
2,114,552
discussed
elected
was
$82,827
33,572
accounts
was
value
Provision
;.i
.''jA
.1,036,852
$3,136,965
a
'
Earnings
; —v. 163,
«
1944
$4,767,712
40,821
'
7'; ;
$1,547,393
•
$656,740
334,903
stocks.
'
Keystone Custodian Funds-^Assets Increase—
618,976
$698,830
preferred
on
r
•
r
railway
railway
from
ry.
—V.
$1,275,716
729,002
:
accrued
$1,233,986
44,484
2————
made
Income
7
from
Net
326,400
723,449
617,454
856,168
extra,
Operating
——
directors
Net
$6,618,227
2,860,770
688,666
the
Operating
'2,273,414'^V. 2,222,407
T
1943
$1,789,180
1,706,352
_——
and
directors
Income from
of a
bonds
of Louisiana 6c Arkansas RR., a
subsidiary.
^
A reduction in the number of
Kansas City Southern directors from
18 to 15 was approved by the board and will
be submitted to a vote
of stockholders at the annual
meeting May 14.
Stanley Welch, New
Gross
1945
..
•
.
7
11,157,119
———.
1944
1,728,418
<
sundry
on
':7'V',7
f
shareholders'
$328,625
Years Ended Dec. 31—
tons of ore treated—
$23,615,333 >$22,679,189
1,079,660
820,211
7,879,492
^7^686,551
—
_——
•{... January—-7.<
366,509
621,072
;
income
Dividends
7A
•
Vice-
'
provision for depreciation.
March
Gross
$4,808,533 $4,618,518
deductions—'; 1,671,568 ;; 1,635,949
income
Bedford^ Mass.,
i
..
1946
7
income—
(net)
income
Interest
7:
plans for refunding, by
$14,000,000 term bank loan,
outstanding first mortgage 5 %
28,
M
,
3,080,661
depreciation"-——"
earnings
Other
^
A—
than
income
resale-
—^
,:
1945
,
—
—a—
Operating income
Other Income, (net
The
asset
Feb.
on
$7,026,802
—
u
for
Taxes—other
Federal
—
.——
Maintenance
Provision
Co.—Earnings—
31—/
---' r/
ending Jan.
Operating
Operation
-
,
for
V;
Davis,
the
Dry
:
f.
at
and
Treasurer*
as
1945
Lamaque Gold Mines,
accrued
based
General
$2,057,042
—77
divWendS;';v,7
The directors
company, outstanding
sheet on that date, with
prices,
31, 1946,
Iowa Public Service
?:
taxes
Co.—Earnings—
'
.
Kansas City Southern
this
balance
market
on
was
;•
7,.,7'7.-7''7, :7
7';,
Kansas Oklahoma & Gulf
•
State
1159.
p.
accrued
;-7'7/:{;;7777
The net asset value per common
value
' A:-;':*, 7 77
-
—V, 162, p. 2273.'
Asset Value at Feb. 28, 1946—
:
..•.'•
and
Net income
$20,243;
than Federal income
taxes, $2,496; common stock (par $1),
$190,889; capital surplus, $2,358,921; earned
surplus, $1,570,837; total,
$4,159,849.77; ;
{.:y;
cents
payroll
$46,731;
been
$116,554
surplus,
total, $12,876,401.—V.
Kansas City Power & Light
<.
Total
sold.
LIABILITIES—Accounts payable
other
Federal
$211,947;
bonds,
.
/
dividends
on
record
renegotiation refund for 1944, $1,466,857; term loan
instalments to Dec.
1,
1953), $1,350,000; common
$533,102; paid-in surplus, $5,321,514; earned
Gross income
in banks, $464,943; interest and
dividends, $9,964;
$232,797; miscellaneous receivables,
$87; investments
(at cost), $3,452,058; total, 44,159,849.
*
;
The
share
equipment,
including
depreciation
and
.
BALANCE SHEET, DEC. 31, 1945
'
securities
$1),
for
war
reelected
To Pay V^-Cent Dividend—
;r
for
contracts,,
and
has
Vice-President,
(at
cost),
(net), $1,237,515; inventories,
$10,528; tools, dies, and copy¬
righted manuscripts (net), $59,086; land, building,: and
equipment
(net), $216,817; deferred
charges, $20,042; total, $2,302,158.
LABILITIES— Accounts
payable, $116,898; accrued local and
taxes
Federal
$32,899; reserves, $634,997;
capital stock (par
$5), $1,342,640;
capital surplus,
$22,991; earned surplus,
$151,733; total, $2,302,158.
$5,288,717;
State, local and misc. Federal
taxes-—.—2,186,216
State income taxes.
66,820s
Federal Income and excess profits tax
4,204,900
tFor prior years, no longer
■"
ASSETS—Cash
-
51,059
$546,737
inventories,
the
CONSOLIDATED BALANCE
SHEET. DEC. 31. 1945
$210,461; U. S. Government securities
year, $35,266;
company's
employees under incentive
to
sales
taxes
—
$123,952
163,306 A
';v
•
uncompleted
Total operating revenues
Gas and electricity
purchased
'
♦Including $218,295 paid in capital stock.
.
required.
$137,442
415,092
one
in
com-
of
University (& Sub.)—Report—
7
profit
$146 260;
——
income
Dividends
$129,493
;7:7;7
on
12 Months Ended Dec. 31—
.■
Profit 1—
Profit (net ) from sales of securities
Misc.
income
(par
7
,,
for
annual
$3,016,057;
$120,902
tCr3,050
tCr875
■
$36,409;
after
directors
^
notes
$860,099),
withholding
$282,772; reserve
and
in
stock
1943
-
"$129,493
tax,
due
distribution
for
liabilities,
36.2%
$180,465
v
of
payments
deductions
31
62,697
XM 57,850
profits
for
the
Ak.ini88?78—Cash>
$0.46
LIABILITIES—Notes payable to banks (instalment!on terra loan
due
within one year),
$150,000;
trade
accounts
payable, $497,421; ad¬
capital
1944
A
$199,263
$187,343
$176,655
$830,110; patents, at cost, less reserve for
amortization, $64,412; prepaid expenses and deferred
charges, $95,715;
total, $12,876,401.
.
-
of
,
.
excess
receivable,
$3,841,071;
property,
plant
and
facilities, at cost
(after
reserves
emergency
during
net
or
of
of
expenses
♦Including
23,500
hand and demand deposits in
banks, $933,015;
receivable, trade (after reserve for doubtful notes
$226,412),
$1,680,449;
other
receivables,
$10,596;
purchased
Years—
Operating
rnmm«
Common
on
notes
board
Other deductions
plan
(2,606
shares, at cost), $60,641; investment in
capital stock (Sullivan Machinery Co.,
74,467 snare3 at cost, $2,341,071;
Ladel Conveyor and
Manufacturing Co., 2,500 shares (100% owned),
77
asset
share,
DEC.
refund
stock
who
as
been
Bolton
,,
11,870
398,000
$300,820
$0.56
—
active
of
charge
Dupuis
income
$610,025
;7
21,500
compensation
,
ENDED
1945
Dividends and Interest income——
; Exps.
and * taxes other than Federal
,7. income ■; taxes,
the
net
per
tax
of
has
H.
29,421
'
remain
affairs
direct
.
the
profit
Other income
$580,604
4,713!
organization
meeting of the
Assistant
Treasurer,
Joseph Bappert and Jacob E.
Sadler,. Secretary.
were
John
division, <
----------------
228,200
will
•
have
and
the
annual
all
over
will
270,562
$481,205
—
Robertson
Operating
2,669,755
•
74,027
accounts
instalment
distribution
on
and
capital
'
7
in net asset value
plus the
asset value.
INCOME
2,532,878
341,773
taxes.
accounts
postwar
,
,
and $22.66 per share at Dec. 31,
dividend payments amounted
such net
on
$3,520,921
$555,233
ASSETS—Cash
7
and
Mr.
1944
"
Vice-President
at
company
authority
President,
La Salle Extension
,
CONSOLIDATED, BALANCE SHEET, DEC.
31, 1945
notes
the
outstanding at Dec. 31. 1945,
prices at that date, was $32.46
asset value,
similarly computed,
gain dividends, aggregated $8.71 per
share, or 33.3%
at the beginning of the year; the increase in
;
j«
Net income
Earned per capital share
and
at
,
.value
{plus total
were
v
■
Executive
the
S. Armstrong.
Joseph Bappert. Walter A.
Draper,
Harry J. Gllligan, Joseph B.
Hall, John M. Hancock^ Carl M. Jacobs, Andrew T. Kearney, Chester F.
M,
Kroger, Charles
Robertson, Stanley M. Rowe and John
H, Sadler.—V.
163, p. 1286.
Co.—Earnings—
paid.
7
of
W
Gross
—
Income
and
fc? Calendar
$3,355,858
as
who
reelected
Charles
appointed Patent
Attorney. ; He served
Navy and handled patent work on the
atomic
Leahy was formerly with
Carpenter, Abbott,
St. jPaul, Minn.—V. 159. p. 2083. • 7
'
-
allowances, and discounts—.
Hall,
*
the past four
Chairman of the
6.
manufacturing
,
Grieme,
meeting
for
1945
B.
against
for
company
office of
a.w° elected Ge°r(?e M. Bunker,
°A
M.
Members
the
i
the
following the
operations.
Presidents,
Net
profits
Mr. Hall
Officers
been
7-".
income
State
Ex-
listing
effective
represented
realized capital gains.
commander
*
of
created
as
t
-
Of
Interest
(from $26.11 to $32.46) was after dividend
payments of $3.10 per
share, of which about $2.36
per
share
*
n
lieutenant
a
Joseph
March
on
Chairman of the
board,
business
having genera1
rranx
Treasurer, it was an¬
Johnson, Jr., President.
Formerly
Packard has
recently been released
as
and
newly
elected President of
the board of
directors
s
the
1946—2 Mos.—1945
in Personnel—
President
the
was
.
appointed
served
to
directors,
.
$9,202,545
Robertson,
elected
ot
company
Mr.
Kinney,
Federal
■
the net asset value
per common share
777 1945
As
the
■
AA; 1943.
•
F.
Mr.
he
has
in
processes.
Total
/
.
strike
(par
CORPORATION)
a
Dec. 31,
Leahy
of
meeting
Higher-
Other income f—-
manufacturing
He
applications of
18.—V. ,163; p.
per share.
This compares
of $26.11 per share at
{?
Co.,
Operating Income
The net asset value
per common share
'With securities owned valued
at market
*
H.
produc-
Sales 6.1% Higher—
1946—Month—1945
Co.—Changes
M.
was
Treasurer,
(
$1.33
1946—8 Wks.—1945
Engineering; selling; adm. ;&' general -expense—
v
»
A
J.
Sales, less returns,
Investment Company of America—Annual
Report—
-
&
where
•
been
-
lieutenant
Cost
extensive'
management.
Chicago Board of Trade
company's common stock
the
by
A 3 Months
Ended DeCf 31—
March 7 announced the appointof Industrial Relations.': Mr.
Urffer
-
The
11
Field
Navy,
has
Joy Manufacturing
Interstate Home Equipment
Co,-*-Delisting—
.'
years,
shareholders
1946—4 Wks.—1945
Packard
March
<
1946, the company had in
operation 702 stores,
before.—V. 163, p. 905.
'
7,
'
year
Charles
$847,690;
■
Nil
-
,
Southern
$15,664,80b Sl4,6yd,599 $30,039,083
$28,823,558
Kroger
2,938,000
150,000
.
CrI75,755
on
Director
Telephone
phases
the
a
been
experience
in
previously had been!
associated with the management
consulting firm of Stevenson, Jordan
and Harrison, New
York, and before that Was an
engineer with the
General Electric Co.—V.
163, p. 904.
i various
M.
of
today
Telephone
affiliate of
i
$3,935,690
(net)— Cr2,Q45,000
——$5,505,337
$4,629,246 $11,044,962
'■
v'
,77.,:'
77-.' ■'•'''.7 '
on
Coulter &
de. Janeiro*
ment
1943
1Q29.
p.
Marshall
bomb
Radio,
board
Affiliate Elects Director of Industrial
Relations—
'
taxes
conversion—,
years.
as
1
&
by Colonel Sosthenes Behn, President
.7-{ of I. T. & T. i In his new position, Mr. LeBaron will assume the duties
of
Regional Vice-President in
charge of I. T. & T.'s operations in ;'
77 Brazil,
7He will make his headquarters In Rio
A' The
sales
Robert
" New:
1
•
Vice-President of All America Cables
Vice-President
and
a
member
of the
a
Vice-President of
a
Corp.,
the
income
a
•
1946
the
purpose
Co.—February
Period End. Feb. 28—
loss.—V. 163, p. 781.
163,
from
-
Telephone & Telegraph Corp.
LeBaron,
and
formerly
trustees
"
of
163,
At Feb. 28
charges—"$2,601,394
State
and
postwar
(S. S.) Kresge &
Corp.
708
_
Eugene
Inc.,
7-,;
<
3Vh
Vice-President—
•r
1513.
Murray
Pfoducts- for whlch
MBmr,hfc
ii f will
Under full operating conditions
Memphis plant arn, lnte"dedemploy 1,400 persons, he said.—V.
163, p. 73.
A>v'T''{V"-'
637,261 capital shares.^
nounced
"fixed," being the
to pay in as set forth
agrees
p.
after
Fed.
for
Howard
' 7;;7
participating agreement is
participating agreements.—V. 155,
:£ *.• ; international ^
>•#:
:
'■
?fjre?ed„,y,adding
the
Chrys¬
(S. C.) Johnson & Son, Inc.,
Racine, Wis.—New Treas.
investment
V-'./V-
-
in
later Walter P.
industrialist.—V.
■
Period End. Feb. 23—
—V.
direc¬
board
Retail
series D-1,750,000
plan,
-7"
•.
the
Jewel Tea Co., Inc.—Sales
Continue
:-: v.
of
following investors
son-in-law of
'prof*$380,639
per share on
7 *Net
filed a registration statement with the
covering 2,600 units of $1,000 each
T-2,250,000 investment units, and 2,000
accumulative
selling price of
amount
In
each
,777
.7
The
11
series
■
Earnings
agreements
payment
units
t
March
on
participating
plan,
for
.Net'
;
Insurance Securities,
Inc.—Registers With SEC—
{ single
the
board
Corp,,, National Dairy Products
Corp. and
Co.;
Edward
R.
Legg,
former
executive' of
the
Corp.; Harold C. Richard, a director
of Manufac¬
Co., Midland Steel Products
Co., and
T. Seward Harris, New England
and
Reserve
the postwar
of
manager
652..
augmented
Chrysler
'AA.;.V; 7
profit
Prov.
'
the
are
six Months Ended Jan. 31-
sales
J.
Trust
1286.
Net
appointment of George E. Richdepartment at its World Headquar-
sales
appointment of John
planning
*
the
discharge
;
of
directors
a' (F. L.) Jacobs
Co.—Earnings;nings—
7'.." 1
"
General Service
Assistant
the
announced
;;
,
appointed
Manager of all IBM service, following his recent
V. S. Army with the tank of
Lieutenant Colonel.
$$
% p.
Sales
of
Nash-Kelvinator
turers
Charles
of
Manager.
Winston-Salem, N, C.,
the
;■'<
•
promotion
-member
Auto-Lite
America,
the
Assistant
Manager
v
has
announced
director
a
a
new
as
Byron C. Foy,
company
ler,
Electric
International Business Machines Corp.—PromotionsThe
i
becomes
Joining him
new
Goldman,
p.
V
E.
Milner
Mr.
tors.
'
•
THE COMMERCIAL &
1430
sonnel
Any airfelds
corporation.
"
'
.
;t;v-
1915
solely to increase, manufacturing facilities
forming machines.
It will be necessary to advance
glass
1944
Expenditures
*
capitalization consists of
The original authorized
CAPITALIZATION—The
stock
,
$1).
(par
1944
Y 1943
$4,041,177
2,715,092
2,711,770
—— —
1942
•:
;•
$4,074,670
..
-..
,
YEARS
FOR CALENDAR
ACCOUNT
INCOME
CONSOLIDATED
and better- '
for additions
(gross)
$512,363,
1945
:'i 12,170
1,000,000 .shares of
ments (equipment)—
Sales
$4,720,223
capita! stock was
Investments In stocks, bonds, &c., other than
'
3,404,282
.those of affiliated companies—• 198,347$438,264 • Cost, of
50,000 preferred shares tpar SlO) and lO^OO commoiv shareS ino pM,
of which
177 preferred shares and all of, the ..common, shaxes were
Other
unadjusted debits—
—1
7 183,754 ,* 102,367
"$1,315,941,
Cash
issued and outstanding.
The certificate of incorporation-was amended
^^.^^^^^^^^^^^,570,152;
3,536,504
in
t
ents
2—'
5,152,C00
5.557,000
Shipping; sellg., gen. &
on Feb.
7, 1946, to provide for the present capitalization,, as'
Temporary cash
admin, expenses.*.— 'i-S 743,482
445,172 r
449,038
Ji°QQ titSpecial deposits200,810
234,785
Common
stock ($1)--^-—^-———
1,000,000 sha.- , iyy,aio sns,
Ket balance receivable from agents and ;cohL.
Profit from opers.—
$572,459
1,042,654 ; 1,618,251
'This number of shares Is arrived atVa) by taking the 99,166 shares. \ Miscellaneous
accounts ; receivable 1—,
""
;; 17,482
Materials and supplies—!
/'1.354.325 ; 1.893.454
|Other- income- 1 in.
n) *■»- **"'
offered and adding ibr 100,000 shares to be .issued on demand to
Materials and suppUeS-^-U^^^^^.Rocrn
ftiici
aocung
xci
oi»
otiaico
vu
uo
-——~
— --Interest ahd dividends —•
receivable —
.
"I- 13,722 ...
27,998 Rohlsen ^nd Basso, and
'
"
Total income
$589,941
S?^no^'fnr the outstanding' 177 shares of former piefeired stoca. The
shares ol forme, preferred stock.' The
Rents, receivable--.,.,
—1
126,815 ,w. 575,252
change for the outstanding
Other charges
,3,296
10000 share' of common stock of the former capitalization issued .to
■ other'turfont assets-L1
,80,112
26.357 Prov. for Federal inc.
tohlsen and'Basso at 15 cents per share or an aggregate aonsld,^—•- Total current
-$12,065,763 $13,918,633 % ^ V & exc. profits taxes,.'
X; 280,000
;assetslLl__Vri.-:
ation of $1500 have been surrendered for cancellation.
In addition ftp
SELECTED LIABILITY ITEMSto 50,000 shares are being reserved for exercise of the stock warrants.
Net profit carried to
$306,645
$133,131
$182,131
note—The foregoing 100.000 shares of common stock have hot as
surplus
".Fundsd c'.c-bc maturing within six months.
Dividends "paid
299,947
618,531
1,552,746
yet been issued.
50,000 will be .issued upon-demand.
The remaining 1 Traffic and Car-service, balances—Cr—_
,1,057.312 ; 1,441,218
Audited accounts 'ahd wages payable-'.
50,000 shares will be issued upon demand after Six months Of opei-
'
■common
Lynch
substantial
capital,-
working
additional
v
property of the
.
for
acquired
was
31
DEC.
BALANCE SHEET ITEMS,
-SELECTED
r
:
..
corporation
-.the
■/'
which
*v SELECTER ASSET ITEMS—
iC. .' '.'.V'- ;'•>>
may deem it desirable to eonstruct ^ill beco 111 e the
Expenditures (gross) for additions and better- >./
Government upon reimbursing the corporation tor Its ■
ments (it>ad)-*^^»;iV«i-!-'^—
the
by
organized
be
mav
Monday,; March 18, 1946
FINANCIAL CHRONICLE
$3,428,565
2,165,752
-—
"
•
ve s
.
m
'
"
**633,030
C
$726,548
-
-
.
•°
494,177
'453,147
$835,230
54,675
f
"
r
$809,666
;
'
'
30,207
■■■'■*
now
-
onri
Dcihican
—
$329,992
*
62,794
'
.
:
?•>:"'*' 20,326
-v
$889,905 i;:
$756,755
,
'
$1,262,813
$1,329,407
$1,359,578
^
"
'
386,000
435,000
393.573
$307,961
$454,905
$435,591
299,946
299,944
v
-
299,942'
1
Ecuador.
in
ations
•
PURCHASE WARRANTS—Corporation- has authorized the
50 000 stock purcnase warrants.'! Each warrant entitles
issuance of 50,000 stock purchase, at any lime subsequent to April 2-,
the holder thereof to
purchase, at. any time subsequent to April 22
X947 /and prior to March
1, 1952, at $3 per share, one - share of
common stock.
The warrants Will be sold and delivered to 4ts; unde^v
writer or to persons they designate, at 5 cents per warrant
'•
*
of
of
ment
-■U Accrued
.415,512
i
\
1
-
.
J
,
"
»
^ Aft* A*
f
»♦
'
*•-"
•
-outstdg.
-388.967 $
104.077-
?
110,231 f
-
'
of $4 cumulative preferred stock, (no par) and
value of $100, a share*;
Sons,
Underwriters •;of the
issue are. headed - by . Alex. Brown &
Dean Witter & Co. and F.'S. Moseley & Co.—V. 162, p. 460,
:
f record March 6)
shares
and 25 cents each
stated
a
Lefcourt Realty Corp.privilege of exchanging each share of convertible preference
without par value, for one share of new prior preferred stock,
without par value, and four shares of common stock, par- value $1,
expired at the close of buslness'on Feb. 25, 1946.—V. 163, p. 654.
■
The
January—
-
/.//'
Net
from railway
Net
ry
™
; ;
.
income—
oper.
1946
$200,526
57,784
17,640
L«high Valley Coal
i:'The.
'
1943
,
corporation's
:
Plan,
91.495
Int.
,
income
Corp.—To Act on Recapitalization
of recapitalization WU1: to-voted 'on »y
,.
$222,725
$2,231,807
'
for
and
'
-
4
357,744
*
r
168.677
A
^
J
"
968,466
,v
17,343
&
24.000
,:
593,229
21,316
$200,000
$123! 282
$99,252
$98J20
88,591
:
39.394
47,617
87,021
■
401,994
■
$$$(!
340,§96
351,646
'
i
•
-
190 Ann
190.00O
-iss nfMi
155,000
750,000
,750,000
338,314
•
Banna
85,000
-
&
^
338,314
-
'
-
750,000
750,000
.338,314
998.113
991,414
983,399
338,314
$28,438
$3,143,687
in
$2,772,116
$2,372,173
$2,481,422
since.*^-
surplus
f;|I
-
>1'-'
'
4,;
23,909
&
470,322
..
•
$67.36t^-.l559,769
' / 251,113
etc,& U,* 75,551
tax.,
conting •A-';Fed.
paid
Earned
7,787
7,109
—
$221,188
$2,239,594
$2,844,736
chgd.' to
constr.__
V
Haiancp * •
-
'3
"""
' """"
"
*
Stock
Co.—Preferred
Offered-
$1,082,823
$26.25 per share plus dividend. Stock is offered to resi¬
356,532
356,532
;
;Cr 14,9 37
,
7J»1
.
■
Foundry
$1,124,313
.Dividends appllc. to pref, stock for period.,...
,
Lynchburg
629,431
1,139,470
Horner & Mason, Inc., recently offered: 24,000
shares of 4Y4% cumulative preferred stock <par $25) at
$143,985
$142,053
Net income
\ 621,696
■
Cr230
;
,
Cr6,994
34,933
'.
;,V/
508.522
42.600
42.60.1
.236,636
Crl3,156
^Aft^u'idCdU 3075 U S" TreaSury tax notes and accrued interest.
dents of
:
C70C 0Q7
-•
'
'
-
Scott,
Virginia Only
HISTORY AND BUSINESS—Company Wa6 'incorporated $n'Virginia
1896. as the
Name changed to the
1896, as the Lvnchburc Ploutrh Co.
Lynchburg Plough Co.-'Name chanced to the
■
Julv 21.
;July 21,
■
present
of
-
title in 1903.
From a small beginning with a paid-in capital
the company has expanded and developed until today-lb
Jm
) /
$25,000
.is
an
factor
important
the
in
gray
iron
industry.;
and pipe
casting
{J <, Originally and until 1903 the company produced only plows and
,
.
) 478,145
.
$2,837,627
Orl,537
deducts.
and
int.
J
,
.
.
88.0Q0
5 U>.
(»
•
1942*
,$147,478
' $3443,687- $2,772,116v^2,372,773 •' $2,481,422
$2,372,173
•
taxes on income.
Capital stock
Surplus provided at org. i
<
was
•
'*>
*
-s
Acer. - Wages,
the
25 a vote on recapitalization
*
^
n"VoT'
postponed because, although there Was substantially move than . ■ck ■■ v- 10Iaxa quorum of common stock, the corporation lacked a quorum
of preLouisville Gas & Electric Co. (Ky.)—Weekly Outputferred by a small number of .shares.
Proxies sufficient to make up
,
, this deficiency have since been received.
)
i:
-'jElectric output of this company for the week ended March 9, 1946,
:
The directors at a meeting Murch 21, expect to declare the plamef> totaled 25,607,000 kwh., as compared with 21,925,000 kwh. for tha
lective and fix March 30 as the lost day cn which preferred holders
corresponding week last year, an increase of 16$#..—V,- 163) p. 1287.
At
^
•
•
.
0000I
28,896
Notes payable to bankAccounts payable —
; Res.
$404,045
' 5,4^1
'*
bends
mtge.
on
Other
Int;
a
;
res.H.-".)*.-, 714.942
.es...."
;|f;:cxi5. profits taxes.""
$407,536
,
income
"Gross
"25(134
meeting March 20.
meeting of stockholders - Feb.
Stockholders "at
.
revs.*.'
Operating
Other
!
$230,985
•
(less
LI-ABILITIES—A
m
-
31
'1943
$467,242
.
.459,571
238,691
life" ihsur,
v;V Total
Net',::
$240,548
$284,844
- 71,620
=-,110,354
V; 16,794 "i' '
25,868
~
*
_
,
Total
.
Period End. Dec. 31—
pv)'inV.'"/-:../*-
163, p. 781.
—V-
'
railway-—
from
■
&
'
<.
'
\
$158,788...
,
ik
Gross
1944
<
$101,712
accts. recetv,
of
Properties
—
stock,
Ry.—Earnings— 0]
./v;;.-' 1945 /..V 1944 !
and
val.
1945
•
.
nSn ~ZuZZZZZ
Lofevred charges
p.-906,
Light Co.—Earnings—*
,
$3,03
.
763,208
'
1945—Month—1944
1945—12 Mos.'—1944
Operating revenues" II. $1,164,705
$1,071,263 $13,635,367 $13,309,726
Operating expenses
1,033,595 '
540,727
7,018,231
6,590.173
cFederal
taxes
_U/Crl,2l5,450
155,033 ' X,090;025: ^4,377,369)
Other taxes |
75,515
17,778 ' 866,304 '
803,830
.Prop, ret. res.'approp._
867,000
135,000 ..2,429:000 i1:1,700,724;
\
Lehigh & Hudson River
'
®*Accrued Federal inc. &
inc. &:
Louisiana Power &
$2.05,
,
Inventory
;
1,599,874 . 1,311,811
Other
assets27,500
,
-
'
$135,649
185.550
This comparCs With 60 cents paid■V.a63,
on Dec. 24 last,
on* March 15 and Dec. 28, 1944.-
,
$2.04
204,596
-
;/'?^_v;■'-T~^L^ng-hom JPortland Cement Co.—25-Cent Dividend
Lfe fOtirneatl, Inc.
Registers With SEC—- ^
^r6ctQrs recently declared & dividend of 25 cents per chare
on March; 1'■filed a registration.statement;with the SEC
-on the no-par value Common Stock, payable March 15 to holders of
50 000
with
•
,
securities..
met)
..(net).
f
.
for
S. Govt,
"Burr.
420,542
-
•
—
Notes
5,310,087
2,885,321
-1,039,723
,
,
'
"Cash
rU.
<v
of
CONSOLIDATED BALANCE SHEET DECEMBER
.
$9,533,226
-
$154,961
•
>
fitk.
on
end
-
respective years ,1^.
ASSETS—
$5,626,012
unadjusted ciedits_.*._u'.--*..'_
(R. "G.)
at
$8,015
$6,698
...u
•
i*
-
surplus
Earn., per share
*
MANAGEMENT -AND- PERSONNEL—The " names and addresses' of .;: .- Other
the directors and executive Officers of the corporation are as follows:
'Includes payments on account of principal of long-time debt (other
Henry E. Rohlsen, president and D-rector: Narclsco Basso. Jr., Vicethan long-term debt-in default) /.which:? will become due withim six
President and Director: Albert R. Mesa, -Secretary and Director, ' 82
months after-close of month of reported {Includes excess profits tax
nan,
,
VI
Beaver St., New York;
and Walter R. Kiernan. General Counsel,, Di-f; refund bond-of $83,474;—V.'163) p.-1160, ,
General Counsel,*: Di
v York.—v.' 163,
p. 116.0.
1
rector and Treasurer, 8 West 40th St., New
:M.■
%
V.tinVhnm Portland C«mfent
Dividend—•
Compahy
Balance
i;
5.420,318
161.964
f.
1
'
»
•
2,989,318
liabilities——
current
Total
10,203
•liahilityT^i^^i^j^C,^44w^^i;
tax
94,121
r 414,463
' 12,223
203,170
'
i 20 \902
payable.
amounts
Accrued
.
;t-he ftmds
Analysis of accrued tax liability;
) l
commence*
u. S. Government taxes—
•
w •• 'v \ ,,5 Other than.■UltS; Government*taxes.
purpose of this financing is to provide
for acquisition of equipment and personnel for
operations .under, the concession. ^
.
.• w ,
PURPOSE—The
reauired
$ 153,190
payable
..Interest. matured - unpaids
/Unmatured i interest - accrued—
STOCK
issuance
accounts
Miscellaneous
"plow
which
stocks,
were. • Sold' under- the
Lynchburg, Chilled
name
Plow.
In 1903 it commenced the manufacture of: cast iron pipe.
deposit their* stock and therebjt .obtain the jiglit to the exchange
■#Ttr'now;-manuiacture$;-A'-:cnmpreheiif;lye-7ist^Of-$a$itv-ireh>'produots;:1n^
in the plan."
Only holders of the present preferred who
% ) y
.
...
fr Vtshrille BP
FnrninC"
,
/
« »
V* eluding pressure pipe and fittings, flanged pipe and fittings, precision
have
deposited their stock and hold certificates of deposit will be
*
4
.
/ 5
castings, plows ahd plow parts, and miscellaneous gray iron castings.
entitled to- this exchange.
'
'
"January— r
"
" 1946
k
1945
' * 1944
'
1943
'
During the period from 1941 to the summer of 1945 the company's
Under the plan one share of $3 first preferred stock, one share of
Gross from railway
$14,459,915 $18,372,427 $17,512,133 $15,962,035
plants were engaged 'entirely in. tha .production of marine engine
59-cent second preferred, cne share of common stock and $7.50 in
Net from railway-**^
^3-748,335
6,914,715 : 6,660,664
6,526.846
1,960,845 | > and other castings for the United States Maritime Commission and
cash are to be exchanged for one share of present preferred.
^
Net ry. oper. income.
2,141,630
2,168,729 Q 2,035,681
Deposits under the plan at the close of business March 11 totaled A;: (__y 163
p
781
■
138.265
shares
of preferred of
227.409 .shares
outstanding..
The
deposits constitute 60.6# Of the outstanding stock .and are expected
(M.) Lowtjnstein & Sons, Inc. -Registrar—
may
r
provided
.
;
MHllSVMie <B fNasnime KitvWLarningS
' \ \
.
>
1160
■l1946
—V.
163,
p.
it,.
1945
Increase
$5,657,785
'$5,835,988
»:
of
the
03
$178,203
781.
V
*
,
,
„
.
.
23^;
value.-ASee'bffering iii V. 163,,
lative preferred stock, -series A $100 par
•
v
been ap¬
and 4 Va '< cumU-
City bf "New York has
pointed registrar of the common stock. $1 par Value,,
February Sales tTp.3.1%-
Lerner Stores Corp.
Month of Pebruary—
Sales
€ha(se National* Bank
The
[&.H
•/,:
—-
,
to run m excess of 75 (v.—V. 163, P
due serially to
rotes,
1949
$250,000 *$£.,
•'
-notes, due T956.:
500,009
cumul. preferred stock (par *S25l
;
....
.
.
Common
Lynch Corp.—Plans Increase in. Stock—Split-Up Pro-
stock
PURPOSE
(par
$10)
ISSUE—Proceeds
GF
will
r
.'.
'24,000Shs.
"90,000shs.
-
-
be
used
to
SO.OCO shs.
' "
the
retire
.
,
entire
presentlv outstanding-2.990 shares^ of 6 %. cumulative preferred stock (par. $100), .at. $110 per share'and dividends, and also-for plant
vote at their annual meeting on March 22
•extension.
:
r-- '-r'- '■>
increase "the common ' stock 'from i5p,$00j to. 500,000
Net income after all chgs. and Federal taxes
$1,670,689 $1,464,670
EARNINGS .FOR CALENDAR YEARS
shares, to ehahge the par value "from $5 to $2 a share, and to exv Earned
$3.84
$3.37
per sh: on 435,107 common shares
change each present share for 2Vs shares of new common stock with,',T
' Earned Per Share / fs Times Pfd.
Year-^- *
rput increase in brok value of outstanding "cabital/"
.:
■* *
Net Earnings
Preferred
\
Div, Earned
Extra Dividend of 10 Cents—
The company proposes at an early date to offer 75.000 additional
1939_-'-r$246,328.41
$10.26
.
.
-9.6
t
The-directors' ori March 7 declared an extra dividend of TO cents
shares .for- subscription by stockholders at the rate of-one share for
1940—
—.307,181.96
•
12.80
:
12.0
per share and the usual quarterly dividend cf 25 cents per share on
eocir five new shares heid. at a price and on terms to be fixed later,
-327.928.73 '
'
'
' 13.66
12.8, i
> the
common
stock,
no
par value, both payable
April 12 to holders
r There
will be 375.000 shares outstanding following the split-up.'
K
1942—
223.304.34
9.30
.8.7
rounts
of record March 20.
Like amounts Were paid on April 16, July 14,
t it is no.t intended that: the offering will be underwritten, although
■S 1943
163,658.56"
'
" t
' 6.82*
.Oct. 15 and Dec. 15 last year.-- ';:v,
an
agreement may be made with underwriters for taking up at the
1944__>_„r>_.
151.766.50
6.32
.
5.9;
subscription jariqe any shares not subscribed for by shareholders., ^
♦1945
,138,395.15.'
T 5.76
5.4 *
To Build Catalytic Cracking Unit—•
ickine Unit;
•
r > •>.
,)u> According t-o the proxy sta to ment." the compart v has heen
h^ndi»Eleyen months ended Nov. 30
The company on March 12 announced completion of contract negotia- : vCapped in,making recent acquisitions :by the fact that no shares were
available iq payment, for. properties and that such a-coutsitions have
tions for thfe construction of its first, major postwar Improvement to f
been made for rash,
for the purpose of expanding facilities to meet
) refining operatlons-*-a Thermofor Gataiytlc Cracking-unit at El Dorado,
Lion Oil Co.-
Earnings—
,
-
joi
vT'-P
~h
/' '
*
Calendar Years-
..
'
''''
:
" '
1945
-
■
1944
-
The
,
;
,
stockh"ld3rs .will
proposals
on
to
-
.
,
.
•
.....
,
,
•
•
,
,
'
,.
.
t
.
,
.
Ark.'J
i--"'-/
,
'
1-
„
-
■
-
-
a
■
;
1.
jv;
-
,
;
r
•
work
on
the
new
project.
Col.
T.
H.
Barton,
v5
total
its
to
tories.-
the carrying of latger
i■ r:l.- ■;:
t
.
-
in -part:
.In April
>'
Loew's, Iiw.—Employment Contracts Approved.—
: >>c
to
Net
oper.
ry.
$262,599
7,447
income!,
Other
$2,618:796
94,7.18
$218,287
8,198
income,-
"
Total
income.,..,,.,
$270,797
,
.
Inc.
.
avail., for
charges
Total
fxd.
23,620
Cr2:
Mfg.
CO;
charges..,.
$225,736
$2,689,894
amendment
for
85,063
996,863
facilities for
Eauipment
income.,,......,
1,015,991
$180,612
$140,673
$1,693,031
r
•-The
f
_$1;596,082
and
Deprec. (wav and sttuctures
Amort,
;
;
•
and equip.).,.defense proj.
of
'Preferred
-Land
-
36,096
14,971
.
in
charge
y
p„*
engineer, Who also ihas beftn a^so15 joining Maguire Industries, Inc.
Povlsen. Mr. Scott was formerly associated
Co.,
Case
Mr.
162,
p.
V" =>■ v"..
1285.
^
addition
•v -
of
that
Package
corporation
changed
was
Machinery Corp.
■
"A dividend of $7.50
stock,
J
with
'-p. 307S.
per
sh^re has been declared on the "ommon
pareble April
$50,
par
compares
$6.25
per
1
share
to holders of record March 23.
This
previously paid each tjuaftbr-'—V. i6?,
I; '
)yy.:
'■
Maine Central RR,
by
'.H
Month of January
'
1946
'
y-
'■£
1945
• v
-vl
$1,668,418
Operating
revenues
$1,866,027.
-Operating
expenses
1,427,389
1.394,607
expansion
of
Par Air Compressors
the
and
Corporation's
Par
manuracRefrig¬
$438,638
$273,811
132,076
54,484
Net
and
offered
for sale.
.
..
-
-
Division
will
Net
•-Other
railway
operating
U
income—
•
87,915
34,073
35,366
rents .(Dr)__
facility rents (Dt)
Joint
be
:
both Lynch Package Machinery &*"
Corp. are identical and the executive and
directors of
164,837
-
Equipment
which, now are-the sole products of Lynch Manu¬
Corp;
officers and
operating revenues L
"Taxes '—*.
Commercial
23,668
$83,994
$150,520
55,944
61,057
income
'
Gross
$211,677
income
$139,938
new
75,000
75,000
104,209
387
423,627
sizable
general
179,652
wichheid...
475,702
to
I.
1941
industrial
an
the J.
assistant
an
Cleveland,' Ohio,viand Jamaica,
III.,
since
Mahoning Coal RR. Co.—Declares Larger Dividend-^*
.
.
a
offices of both companies 8re combined ahd located in the
addition of the former 'in Toledo,
v
: ,
15. 1946. the Lynch Ccp, purchased ah of t,h» canl+ol
wilev ft Lett, inc., Marion. Ind.; for a moderate sum jn cash.
This
424,098
5,013,102
dividends...,
grant
taxes., Crl,384,129
Lvnch
Lynch Manufacturing
361,426
434,693
35,341
75.562
2,461,673
300,000
Federal. Income
The
.
'
V
on
"™
real «srate previously occupied by the Morpac
vacated
Net
to
name
substantial
room
facturing
$2,612,053
87,872
...
.started
By this arrangement all package machinery operations are Concen¬
tre ted in one plant.,
'
■
•
The removal of the Wrap-O-Matic Division from the D^flan«e nloot
eration
$268,484
the
and
makes
19;446
fixed
,
was
plant to house the Wrap-O-Matic Division previously, located
Defiance, Ohio, and the Morpac Division located ;at a small plant
Toledo, i
•
;
:
•'
;
"
turing
-
2,313
p^rehacW
Were
Scott,
served
..
deductions- from
income
companies
this
-Charter
98.032
$2,713.514., $2,631,499
$22.5,734
September,'1945 construction
!General
v
Miscel.
These
with
has
f: with-the American Can Co.—V.
tory
$2,533,467
'
Cash.
as
Gn Dec, 31,; 1945 Lynch Manufacturing Corp. Sold all of its inven¬
and equipment pertaining to thbse two divisions to The Toledo
:.i."
1945—12 Mos.—1944
1945—Month—1944
for-; $325,000
..
-In
in
3l—
the' corporation purchased Sill bf the capital sto*K of
Manufacturing Co, :and The Toledo General Iti-
,:' dated
increase manufacturing facilities for Morpac packaging maand Wrap»0*Matic wrapping machines, the demand for Which
exceeded capacity to produce.
' V
'
,.
v.
.
a)
far
at
Louisiana & Arkansas RR.—-Earhings-
B,
Walter
-.*■
Carmel,
as
Vice-President
for the J. I. Case Co. of Racine; Wis.
'
Povlsen
•«of production
chine?
,
.
Period End, Dec.
Chicago and Mt.
N.
.soHy to
.
-'
Co.
vestment
The stockholders on Feb 28 approved the extension of personal
service contracts with Louis B, Mayer and Sam Katz, executives who
been with the company: for many years.
.r v' :. ;
The usual quarterly dividend of 37'2 cents per share was declared
on
the
common
stock,
payable March 30
to
holders -of record
.-'March 11.—V. 163, p. 906.,- ,v^AT
"v'-.-v
• fztsf.:
I.,
Mr,
/
;>The Toledo General
;
have
1945
L.
v
Annual Reportsays
He
:.Conn.,
inven-
L.
300,000
On Feb
of
company
has carried on a general machine shop- jobbing business and
j
Paul K.
ager,"
(Ohio)" plant, "to reduce bank loans which now
to' reduce; obligations* of -Wiley & Lett, -Inc..-1 ah
and
$230,000. and to finance
by
Industries, Inc.—New Official Named—
Povlsen has been named Vice-President and-General Man' .
will supervise ill manufacturing operations t)f the company,^1
Including those-of subsidiaries, located at Bridgeport and Stamford,
:
,
Toledo
$450,000
affiliate,
>
;
It
addition
•
UJ^aguire
unprecedented volume of about $10,000,000 orders on hand.
'
was also stated that, the company desires funds for a substantial
an
President,> explained, will get und3i way immediately if the procurement of m'ateto produce a maximum yield of catalytic base stock for blending into )
rials falls In line with the conclusion of engineering.
f;
The new upit will utilize gas oil charging Stocks currently being
processed in conventional type thermal equipment, and will be operated
to produce a maximum y(eld of Catalytic base stock for blending into
high octane, Col. Barton added.—V. 163,- p; il60.
j//
Actual
Rentals,
-
Net
—V."
interest,
income
163;
p.
781.
etc.
147,850
139,822
;1-,.
$116
fY.
iv'i
'Woliime • 163 TNumber 4473
•wf
THE COMMERCIAL & FINANCIAL* CHRONICLE
^Maricopa
'://Ifi'-:*:
side
Reservoir & Power Co.—Plan Approved-
^the^idsta^
'
<'
These
'hvf
consents
thp* hriiders ' and
•[
i; and
weie' tlieix on' file
ly The
Vfisisterfid lbwitfirs IhGreof'
See
with' the bank
Operated ^?aduiim''fcleaher.
air
cleaners.
■-: •'/ •'
>
t"1
;
,/•!..
-
•'
h ado'
1892.
«
V.
162, p.
?an *
stockholders
common
*Net
Revenue miles
1
the
of
$316,964
U
.19,049
,-Ui
.
-•Capacity' passenger miles; flown
.
r
-,,r,
" the'
was
6,163,025
.
-•primarily
15,340
V
.
^
^
'Iqss
?The 'het
.
*_-•
-
^
airvfnhe^utsthtt^ing-^iitiital-itbeX^cept'^Shares,
351.127
—
-'attribtrta-ble2'it«r''iirii^bi^'bie
'nf
rnmranv-hnvlnij' -i'nmnlpfprt ^nnln'- fift'i.
itS
weather
Scheduled
t Mid-Continent
their annual
at
In to-" Mason
irtlthe/dU'thorii!
^
preferred
for
shares
a
stated
RR -^Farninffc
V- of 7,839? shares of the common stock of Bronson
Reef.CO.-f'The balance
' "wilFbe 'used to reimburse- company's
treasury for -c'apltal"-expeiiditures
* Jah-Uary—,
1946
» -• ;-'M945
exf ^'^lriciden^ to Vexpaheion- and-diversification'of ;
Cohrpany's" activities;
,<■/ Gross from railway..—
$136,252
$143,044
at
/
•'
Met' from railway......
railway.
47,807
' 55.670
,1"
,
shares;
number ;.of' common' s
Vdliey
Joinings
M943
-'1944
,
The
number tof
exact
shares, of-
stock to be offered
common
in
rd
sa
''
'
the Mm
-
The
e°oi
^ f ering^6 ^
the
^ ^ be determmed by-the board
•
will
"t •
$162,372
1
-
..a.-' ' U;
v.!,„
copv,,pfd. stock, ($10/par)..
cum.
,^50,000
t
' Coihmoit 'stock
•'or;h..,;ni'n"rr''nl ""Si!lc" and re,ea!i'ns tunds f°r »i- WmMiit.u'i.n
FINANCING
"Authorised
,
,
sh§.
.,
-300,000 shs.
N et - ryoper." income-
■
-V.
Outstanding
50,000 snsv
90,685
*
u
_
10,623
"26,281
118,919
70,528
1161.
p.
-.
,
*250,000 shs^
.
163,
'$16i,155
75,314
-
.
CAPITALIZATION,: GIVING EFFECT TO .PRESEMT
.,
asked
be
_
'
to approve-'an .-.amendment
■•:--;-V-;^Which would permit the conversion of a $1,000,000 loan from banks"
-iJ.V«:on•..•a-^hort-term''-basis into a- long-term loan, thereby "improving the ) i
stockholder
preferred
City,
*' PURPOSE-^-Company will* receive approximately"ttesOiS'^of "which
.'V, $345,000' ;will' be? used toTpay the -balance -owing ton:'-theIptU'chase price -"V: ^Midland Vallev
fas'soorEas-possible'to' holders of'the preferred stock to exchange ibnehalf
1;
„
---2—L_.i
flown
.
rirlitlnhs
iv ^UU,ui/U 'Shares.
to 400.000 ouaiua,
*> rn>> :V:VA',.v/.•
v--l
i
madd
yrif the increase in common stock ^authorized, ? ah 6ffexl 'Will hfe made
<
FOR" MONTH r0F ""JANUARY," 1946
loss*-—
Agreement; to : purcha^e^V^Sp^^snare-s^of^ tpn?hioit .Istocx f$10 :>ar)£-f •Revenue* passengers -cawied—
!■■
'/'which represents
j.vis,ui'U
100,000
'
Airlines—Earnings—
EARNINGS
Operating revehues*.«.».
>■'
Warn/which cessation of hostilities. 'In,3hat ..year it edtei'ed-,prob
wouir enable Wl^lp l^o jneerit^reconversion
lems following
?intb
re-;;*'
'
■
waxes
;/ Company"commenced in"1944 to take'^teps *to'vdeyelop a; postwa
r
uomPany commenceu m iv**IVellT iaae steps to-cteyeiop a' postwar
io
whirh would-'01**
It:'"trt' Yh£pfrnt«nhj
':
Mid-Continent
the same
policies;'
Made > to; Preferred
be asked to approve an? incvfe&se
I,
compressed
a
products will be-'-'ofWred'-fof/fcale* through
the: company's automotive- line of -
Marion Steam Shovel Co.—To Increase
-Offer; to be
Change Name¬
V;
which• offer
nvrttrrmn
*
■,;tr fepectively,
'• and
newly add.ed
outlets
bohdV^a^d^rmf
o^tstan^
.'
.
.'carriers
far
'
Pursuant to the modification of agreement,: dated July 26,
1945,
Valley NationaP Bank - of "Phoenix on Feb.'. 20 executed its -certifi-
'
1431
•
y,
_
^Millef^Wohl 'Co.rinc.-^Larger T>lt4deUd Pjaymfellt—To
,
'.Th„
,KUeii
(,u„;t„e!„g comn-.o;,'nook. 1:,<•!«!,!s so.coo ..'a»reS
Increase Common Stock and Retire Preferred Shares—
-i i
' Dividend 'arrearaaescon thefrn'referred stock of the^^.'company 'now ; .V^wned by^^ Bronsorr Reel C9. lor which ip paid the company $3 per
V,"1 The dirfptoxs on March T'declared a dividend ofv^.cents per share
i'W- "
^ or?^^toSl^?of $2 822 263 ■q^hare/or a;tbtal tbf^l5O;000. ;Cpmpany:'Kas;enttrtd into ;an! agreet '.n'oncThe common stock, par. $1, payable .April .l/to^lders of record
tiThe stockholders;,also will be asked to approve a change in the
^;t<^^rchase^89^hares;:(99.43^) of--the;outstanding "capital
March 21. An initial distribution of 20 oents: per :^iare was made on
•'^company's name-to the? Mariori'Power Shovel Co.
*
stock of Bronson Reel Co
Upoh'-payirient-by.'^he company Of the ; this'issue ion July 2 last, which Was followed .byusbhiial) payments on
y^E Gj Diefenbach
Chairman of the board,^^ said "that-although -the
^ unpaid
balance; of • the purchase price 9„rpnsoh ReelvCotrwdll' betome a ; Oct. 1, 1945, ,apd Jan. 2, 1946. - An extra of'20 cents'was also paid
subsidiary of the
.'.company, has substantial unfilled orders
-UW(WMCl, .Uttl-C,;.;
company. Thereafter, ;such• 56i000 shares 'of common
on the latter, hate
Xi
i* Mi'/.,
«.^v
;
•
I
The stockholders
r'pered.by the 1
j^vill vote April 15, next, op increasing, the^ authorized
<-*
provements in
common Stock from 400,000 shares,' par $1, t.o„*8$0,OQO"sharesypar $1.
All outstanding shaves of 5
cumulstiveyconyertible^prefbrred stock,
.
,
.
'
.
Uil
.
,
.
par
%0.
The
I ,,;
^
Shares
H
Dividend Basis
r-
of*
its'-comrhou'-Stock
at
years Jrom
have
$50,
1^45,;which"o{mpns%e'non^^hable
i;and:aiter; Aug,;27,
directors
called" for
been
'-;per ^Rre ana dividends.
3«r per^hare "for^"a" Uei'16d"'of three
-of
record
The
12
Will
rs
h
company
"May
1,
at $52.50
next,
'St. Lduis Ry.—To Split Shares. Etc.— -
&
March
Made'- on": June
on
^vC°S?°p ^20 wilI,eSplre at'lthd Close 'of buslnes*
per share on ( the"
|
redemption
The, privilege qf..converting, eacl^ such share
vote
April
CfVi/-«l>
'AA
next2 on ' inci'eS'sing! the riuthor«'/'/idAV
2
•i CA' Ann ii-ka
fitnm
AAn
»«AP:
nts
r
n
'
1,•^t^tlon/of itsjannual
'inri
+,flntin/^inr
anrilrnt.p
stftf.pmlpnts
fr,
t.hfi
nrr,tiprlv- rrkflpr-f
'also
-W--W
„
,
on
Tuesday
in
year beginning in
.
y
Vote
bhariging' the date"of the ftfthual meeting
April of each year to -the Second Tuesday
1947. .//■'•'/ /; /
proposed that the hdlder - of each "share- of isSued and ^ outr
SHI-,--,--,
...
o'/ stock-fohUhe record date fixed for 'distribution"''shall be enin excess of '.«uw,vw,uwv«\
$500,000,000
-.,vUi^iii-AWP <(».
^—^-f^/titled' to hecome the" holder of a'totalofrdur' shares" of Stock without
Gross. prof it. _i
•>
* Mmmediately-after the official V-J Day notice on "Aug. 14, 1945. the
J}. '$337:547 "$296,$30 "••'"^$283;2dl%-:fv'$20o;'226 f/ par ita'lue,vconsisting of "the
outstanding "share ' gndl'thi-'ee "additional
V
entire
organisation .'-turned .quickly/ to ; the problems -of reconversion,
: Other income, -t.
Otht
-"48,401
41,331 y
^ 9;327
4,732
Share's;: and That holders of securities ekchafigeabi.e 'under the 'plan
"we 'have, made ' the coniplete; turn-around
:'and//beginning^Jan-/;//,.
•
-——;
^ yV/of 1 reorganization-of (the
-.
Minneapolis & ^t. -Louii^RR; yCo. Ithe old
nary, 1946, are well on 'our way / with bur postwar buslness for both
,.v
Total income2**i'iA:'$38$,949? /^$305',557 " ^$324,5
•7"$324;533 ;t$204,959 y« company) for shares of stock of the
present companv'^hall, for-each
military ahd commercial aircraft and equipment.
' / '
►
pthery deductions.....-,
.-34,013
22,647 •
-6,8
864-:;«> 13;788
-ibne 'Share" of ^s'tock of- the present company isstob}e in/'.said "exchange,
t
•
'- Our postwar'plans
hftve faeen' carried oufc ;and "dur ;heW' ?k1odels
Mormal-"income- tax"and■
■* *
jf /
v;
be entitled to become the :holder of af total of? lour shares of 'stock
1
?t'202 tand- 203. ?40-pdssenger- de" luxe ;airliners, are how being'ed /
surtax
19,000
prepared
' 23T600 ;/'.4l,000' ":''Withdut ; Par-value, - consisting of the share issuable unde^ the plan o£
1^000
for production,' furnishing new equipment for six domestic - - airlines J*'Fxcesslprof..tax (het>_
ies
241,753
26,100 // reorganization and three additional shares.
with excellent prospects foy additional airlines Joining the
fold
The (proposed change in "fhe number'of
shartk.of "stock ofthe com¬
1
'
'-Net profit.'.
,Net pi'OfitJc
operators of tljfisv highly^regaTded new transports.
"
*
$9i;i82
$78;4l0
pany" wilj not "affect its" capital and surplus accounts;''"which 'will re¬
r"$78'168 ' r $124,070
ft/«.oor?
W.
' >'•
In
addition to this work, we were able to accept 84 Army C-54
-V. .163, p. "1287. tVX O.
main Unchanged.' ' * • *
7
•
*
"l
'
" • «- "
"
■. ;-fj four-engine
planes for'conversion: Into commercial transports, to be
V It is the intention of the management to list thp new shares on the
*; used by 12 domestic and foreign airlines, Deliveries 'on the Converted
l\JV
k\
■JwrjL.t^:
U £ viT.-'"'.v\f
McRw rn
Athene nhih
T^i+ioi
in
New York Stock -Exchange" and to £ register^/said lhares -with ,the Sec-54's are being made and, before the total i$, delivered, will bfe gom
Initial Divided Of 10 Cents
curities Exchange Commission under the Securities Exchange Act
out at the rate of one per day,'
•on"New Shares—.,
These transports are considered
mM
2c!
,
1
'of 1934
■valuable to all of the'airlines as necessary equipment to accommodate
; The (directors have/declared f an: initial quarterly
their rapidly increasing traffic until the new equipment is ready
W/.r per share on the new: common -stock;, par $5/ payal
deliver to: thern,
^r-?
*.<? j,--'#,? -■ ^• ?« t- qj
/' of record' jvLarcn. *• £0' ;;jt:>was sni
record March 20. " it Nwas announced that ; this -was .the /73rd" cash
\
The research and "development work of our Plastics and Chemicals ; "dividend uaid bv the. comDa-nv! ;/
road.
Also, it will improve the marketability of1 thefstock and render
*,V"' -DiuiKlrttr on' the new elastic plastic •-'Marvinoi" has reached the State,
w,i-_ Z
Division, (in • thf> npw plnstif. nlflstie.-"Marvinol" has reached the stage,
it less subject to erratic fluctuations.
The common -stock of $50 par value was
/
: •
'
recently changed to com¬
i,"
where the plastic is, now ready for a fast-growing-commercialvjnarIf the proposal is .approved by
mon stock of $5 par- yalue'and, 10 new
-the;slfareholdeVi-.'the-board of di¬
shares issued iii:exchange for
•'
,s
"ket.
We have approved-the /construction: of a new plant which will
rectors will
make appropriate provision
each-$50 .par-share owned.—V, 163, p. 1160,
for issuing scrip
for frac•,
'
tost approximately $1,500,000"?and which when in
full operation will
tions of Shares of stock'of the company, which
may be" necessary in
<ieliver.ll,000,000 poundabfMarvinQlresips annually for usea by pi oi
1
•
connection ' with carrying ^outf the plan of reorganization of thb old
Queers In the manufacture of the many products for which this plastic
McLellan Stores Co.—February Sales Up -9.5%— '
tampan?
rst
.
V/1
.
,
..
■
..
■
.
'•
/
.
.
,
.
v
.
,
■
.
>
-
r.'
.
'
kjb
w
r
-
^s.
.
.■
•
.
.
,
.
,
U
v
^
I
•
I
f-V
.
.
,
..
"
■
*
,,
-
arc
pther/specialty -produqts; that have. been" developed in
g^Month of February—
/rcur Engineering Laboratories which/will soon be money-makers -fqr the
|
company,/either on a royalty basis or as articles manufactured by us
cj,'K and placed in commercial distribution.
Among these articles rare the
famous'"Mareng Cell," "which is by far the most reliable/and aa-
„
!
gasoline
tank
design
ever
incorporated
in
This
aircraft.
des
them
for photographic
print use.
as
The market has favorably
'
big'Louisville,* Ky.,7 plants,
During
TCi'i
,,i
„
??rGreen*
Warren
Installed at
a
Vice-President
long and
b'ne•
*ifthQ'*
After
-
given to the proposed ."transfer to Maxson Food; Systems,."Inc., pf
Maxson Food Systems Division?of W. L. Maxson
v-was
,
the
i
be
a-few
t
j
t
assets; comprising
company
handled-
volume
greater
a
in
capable
compared
as
with
in "1944,
$1,675,459
,
amoiinted
/:
to
1044
nf'nl
1944 of/about .^lSI.OOO..;,,.- -,1/...
Four dividends of- $1 per share
;
a
.:' //.1 ..v
op
the
.
of
each
werq.: decried
'time,'the""system'-^-th^rlzed issue of-150,000' shares; during the
filtered"*air.
of
was
nation's Class
year-1945.
total
These
divi-
'A dends were declared out of earned surplus for the year 1944. At the
davs of creliminnrv-tesrinpthe frnt^h'tno-r^WvnVVirfu"
close of ig45"there w'as"an accumuIaUon of unpad.d'yidends of-$88,op|ratidh"on a l?m&d?sca!e" Mr Green sfateJ that it ^563, most; of which iE"payable on^Mres of'Stock yef'to be issued in
^^Stion "to increase its Si?S#^WnrdiS iS
exchange'for securities of %the Old "Company.
,vl •:r\:<
...
_
the
1945
year
decrease of $1,101,--W?r^Jt notfor .the/ large, amount of amottizat'on^of. the cost of
"emergency equipment charged to operating expenses in 1945, the net
icy
would
have been
income w<
approximately $1,808,000, an increase over
■
'■
the
.company/for^the year 1945
f $574,040
"
— -
-
= approximately 2% . . The totar- operating :revenues-'o"f,the
:: I railroads was approximately 5'/c less than in' 1944.
■w*:
The/net ineome of. tbe
cost: of
H " *
"
f
">tfaffickthan'lh,l944;'"afid me increase m imai operaung revenues
irainc man m iyst% ana the increase iH"totarb^feWfihg'revenues
,,
on March
$250;C>0d, the"conveyor system occupies two
fontovu
floors" of1 the; factory -onr) is 'described hu'Ur /hvcnr, as" "the most
and ic rtoc^fih/ir? by Air. Green nt'
'^i
„
said in part:
$258,891
'
,
"charge of■"Mengel's^furfliture dl^i^ioh/'anhouhced'
received
T&fo
.'.
r«
aJ '
.1'
s
'tr
Bedroom furniture is now moving over I*.
the new %on.Veyorized axsemply and finishing system just completed by this company in one of its
two
|this- product.—V.163, ■ p." '907.
,
4
$2 714155
(The) IVtengel "Co.—New Assembly 'System ComDleted
v
vanced
16VP"7827""7"""""
-V.
-
973 046
AniluaFReport—L, C. Sprague, Pre$ident;ion"1VIarch 5,
"
increase
■
,
,
There
'*
mi
in consideration of" the Issuance to it 'ot^alFlliezfeommohJ stock
' uoSsibie »'intention
to Jhcrease its operation as. rapidly as
. rThe m company-warm^WivfertfiipTor
of'fihie'pripr :
<jf Maxson Food Systems, Inc., to be initially outstanding.
1
K
'
'
1o the *"reoirgknlza"tion on'Dec. 1, 1943.
An underwriting, agreement dated Feb.
14, 1946, has been entered
11 WM be some weeks yet, according to Mr. Green, before the conThere were 136,982 shares of
Capital" stock issued and outstanding
;''Into between F. Eberstadt & Co. Inc., Maxson Food Systems,'?Inc. arid/L1': veyoiy is operating- at maximum.
;
> <•
>
>as of Der,!'3i;H945. out of a total
authorizedTS§ue"bf 150.000 shares.
'
W. L.. Maxson Corp.
which provides,, iftmong other things, 'for the
c| The-entiree-plant M'^hich'the5 new conveyor fbas-"been 'fnStaljed is"Excbfthges; are stiir being made of securities;of the old company
jv»«
Issuance'and sale to F;VEberstadt & C0;-Inc. for public distribution of -j***--'-•- • •*
•
Corp.
•
♦
'
convertible preferred stock of Maxson Food
Systems, Inc. By that agreement provision is made for affording stockHolders bt. the, parent concern a prior /opportunity. to subscribe for
^■shares of such preferred "stock.—Vf" 162,- p.-2645.
»
"475,000 shares of 50-cent
Under
:
(
^
f^OOd
w
---plant
-
,
'*
also-in
MengeTs-furniture
feet of floor space.
.
,
4SyUe»M,-''llic.~Max^nVBfefe4-- *
;
.
„Tbe
i'
iie&rly
prograiri'has
-
r
500 000 »4quare
'
*
•
INCOME
-
Ico^eyor^system "is.parVorMengers-"$r,"5O0;ooo"-pdstwar
ACCOUNT
,
FOR CALENDAR YEARS
,
1
expan-
pn<yA
•*0945:::-.:;
nZrtilii
;ftive,
T4PS.32
/"
,
.T.408.41
$15:573.062 '$15,250,079
:
13.746.524
Metropolitan Life Insurance Co.-—Reports for 1945—
; t^e tpiyment/' of/ a? total of :$62i;,443,186 dorltg"^
polityiftofdfers^in 1945
*
1944
-
-
-
registration "statement
stockholders of the
a
'•>
"
-
■
■
f
•
".-parked the/largest;.sum^ paid* in"any
iTJTf
-ferred2 stock for each,-share of W. L. Maxson Corp; stock held^XMarch:i2,t/ tJpon -expiration of "the stockholders' subscription "
/tf.vp
Eberstadt" & Co./:ih(L,'"uhderwriting manager, will make public
,
.»
,
,
«
-
*
^
__,
.
-,
•-
.
•
-
'
-
•
**
v*.
'fiat
v»j v.
.
»M«.nvuv
.
uuiu
hi,
an
v
n
i
ir
one
year "by "this "company
v
rw
r
■ l
v
i
I'liimiuiiu
iiiv
Net
Railway lax
ill
to
'.
' 10,897.377
*
z
,
.
-
^
j
*
•
"
C.--rare
oi
r_JL__..
income
,
„
$4,352,702
2,375,51:1
*
•
-
_
^aisn'-xftiri•*rb<c--r-iW4>Vp<r"fh'0-lafh
fromdTailway *'operatlons_7/7/:7*"^^6:^38
accruals '
V;l.075.540
-revenue
$75^98 '
*
•/eqtilpment (net^rt_7/;;L^L-w**7:i-^2'','"':'"-'T149.-47a
equipment'
(net Dri
r».'
7"'^49.47o'*
icility-rent-met
8.071 .•
T---'5
tT;ts" -.tyi*-.}'.;. ;v.w--
.
"t*1.
"
"4"
*":/: '■*//?:
.
,
.
-
'
■
..
^
.■•• >..i
# *
rrMcAleer Manufaeturiiiff"'Co^Stocks1 Offere'd-^-Mention
Jwas itiMe'in -aiFi$$iie
;
,.
11 of the? offerihg
"
:-;A,«,
t,t \ /,
„v-"**"L
•
;
Living *policyholuGrs
ci1
,
...
„
benefited
Net
Net
w.
.
by
more
than
three^ifths
;;:^dyinents,rtrsaid Mr;-Xfficoin;;!-r^iie*li2TO'iT^
•
of
thes©j
'EaXA to
railway
^' Non^Deratins ^income
the -r:
bfJ50,000^,livin?
operating income
t,
.
.
1
'
4
$593:452
$593V452
im*
^
,
.
fs r
'
;
5,272
.
$1,795,224
74 of'4.
-
T
176,695
..
'•
'
$1,977.19.1
/
69,640
■
-
Mcome./:-,-.-,t_^w^-_.--_:/.Lu>--L^-^././$667,5i6':/-$i,864I8S4
v
Shares 5 % cumulative convertible, preferred
v
24.203
<$10) and 50,000 shares common stock (par
;1Share
1.743
byi Alisoh^ &> Co. of Detroit. Further details
9.180
53 572
was
*
$ale
of'-pblishing and buffing com- r? J^d dafJ.'(
3tl'mh^ahd4$182,,38?>19§?. Qjoup.
The
company's hfe-lnstfrance1 ln~force iricreaBd
*$565,2f9,^92//duri'ng the
pounds ■ and "abrasive mornpositions-rtpr industrial ; use-and of a,,t0"n. ,4ear to A total or $31
*""'■,261,969,817. /0f this-amOUpb:$18,087;390,128 was
."/ahobil^poftshes^Vaxes and cleaners, for';use by, automobile ;mslnutac~
-1
"the development,; manufacture and
Interest'•on" unfunded debt_..____'iJy__r.___^2!
y-A Amortization of discount- on funded
debtS^$
Miscellaneous
' irfcoine "
.
:
r
^
" V rurars:"
M
Ul |f J
karaees.^ seivice stations and owners of automobiles.
*v"' '>
^.roup.
e
"T ""with "the advent of the war the company continued-to-, manufacture ; addition the company had accident and health insurance i;
the company had accident and health insurance in force proa1 •;T
-weekl
V^nd'sell- said -jprOduptsy'bui, only to a limited extent as bright-finish
indemnity
**
'/+-'Wrt/i.iXfinw htifi nrflctlo.ftilv ceased.
During' the war heriod
the com"
t $^9,408,941. ^Tlie.-.company^^ does -business in the United States and
production hSd practically ceased.; "During vthe:war;'period the com
i: Canada'and
has" 31.208,000 persons"
insured, /„
.' pany produced-certain 'of the^4)ltiipihant assemblies for the Army and
7/
'
V'J
:
Net
•
ad^Rion
dng;^\pnncip^suni^benefit^-$1,819,263,031/and/weekly:
'
.
.
,,
,
,
turret
parts-*for.'
"$,53m40
GENERAL
-
In'-
0utstahding_^-
-■;
/i**n
-iu
hnvpmmpnt
rj
r
cash
stments
investments
depo'sits
Net balance
-
receiv.
from
"
"Miscellaneous faccounta
••"••••• .•.••'••; •-1-945
„
terminated
SeDt.
15.
>billion 'dollars
$12.91
.
,
..
""f9F5::()t)6"
•
.'".V' 902j?e-2
u;tVi'ji'X'4
-agent^"&" c'6'h:dnttbrs
-'receivable
receivable_=.___^i.__„-_
-
(
were
-400.000
3944
and--equipment__;_^l_^:'Lfc$l7:t45'B05'' $17,136,324
„
Temporary
z.Spec'al
..
contracts
•
:''::
■
Cash
Corp.;'gun
oerfcaln
$1,675,459
$4;19
BALANCE -SHEET""DEC*31
---
road-
r
■
rir-OQOO
.share "on'stock
ASSETS—
Investments'
.
Mbeing manufactured-.by
'and
per
'■■'TV'" tl"::"*
.
"craft
:1n66me"l„.
Earnings1
^'military'
•
35,470
; Dividends /declared
,
Thefebmpiny's ^aSSfets; which+vare held Tor "the benefit *'of"^ollcy<:Tlavy" parachute flares used in night bombing,. pHotor'flash: bombs for
night,, photography,- /anti-personnel .trip flares and-ground •;! holders,- amounted to" $7,561,997,270 as of-DefcetnbeF'3l, "1945, a rise
Signals
o{ --several types.
Company- also fabricated certain sub- : of- $566;54*6,699. ./ At .the" same; time/the-Company's statutory policy
'sissettiblies such as- cuerons, flaps/ rudders, elevators/ and stabilizers
ifeserve. liability-Increasedyto *$6,400,802,374, //Special:surplus;v.funds
; for the: -AT-i9 instrument trainer and L-5^;jeep ;of>.J'the;Air't'fplanes :'.t Wevinercased-i
109,422,0001 _&nd the unassigned funds? to; $44_».
1.504
63.711
cha'rges
7/Gtfier
'
assets-*-;**^
-Deferred assets ':
lllI.
Unadjusted debits.-
832,362
~i
47.987
150,040
v
; 417,788
i/4P£~l
-"iM/iri
current,
Total
1.'489,733
• "-
1,799,453
"188,850
.;;;65,203
'^k.7T2
,j;?7,734
^45^63,
vn,35,163
200,64.8
THE COMMERCIAL & FINANCIAL CHRONICLE
1432
LIABILITIES—
liabilities
,
■
Stock-liability for-conversion
LOng term, debit .(equipment obligations)—
Traffic and car service balances (Crb-—
Audited ; accounts andwagesj payable—
MiscellanCous accounts., payable .—
Interest rmatured.. unpaid
—rr—-r—r
Dividends, matured unpaid
Accrued accounts payable
vTakes* accrued
Other-: current liabilities
J<
.-
'■
Common
Long
1,847,508
173,943
Interest
225,508
Dividends matured unpaid—
Unmatured interest accrued
'
257
Accrued
15,136
1,574,295
accounts
liabilities
current
'liabilities
Unadjusted credits
5,364,318
974483
4,000,000
Unearned -surplus ■■■
.3,
Earned surplus—appropriated
by the board of directors, at $4,696,000.
The book value of no par capital stock as
Earned
Commission.—V.
.
163, p.
,
erred stpck'on
1,254,060
6,532,594
4,002,097
^Restated;
2,ooo~6oo
15,188,689
to
'
Operatlrig' profit-1—
Other income (net)*-*.*,
reorganization^ of. the
1, 1944 (the date the
:. Minnesota Mining & Manufacturing Co.
w^th SEC—
.
:
—
Prov.
11 filed, with the: Securities and Exchange
statement in respect of 70,000 shares of its
outstanding common stock-proposed, to he sold by certain stockholders
for the meeting of inheritance and state taxes and related purposes.
Goldman, Sachs & Co. and Piper, Jaffray & Hopwood are expected
to head a public offering of the shares purchased by the underwriters,
after the registration statement becomes effective.
The offering will
be a secondary distribution under the rules of the New York Stock
Exchange where the common 6tock of the company is now listed.
,
Among the numerous products of the company are Scotch tape (the
company's trade name for pressure sensitive adhesive tape), coated
abrasives, and colored roofing granules.
The development of Scotchlite, a reflective sign material, was retarded by the war, but it is ex¬
pected to find increasing use during the postwar period by highway
departments and outdoor advertisers/ During the war .the product was
used to a limited extent by the government in the marking of highways
The company on March
Commission a registration
-
'
.
"
/
■
consolidated net sales'of the Company are reported at
and airfields.
-■
For 1945 the
•
■
j
p,
1946
''
$118,964
18,872
Net. ry. oper, income—!* 1,924
from railway
0Deficit,—V.
/
163,
p.
-782.
,
23,867
25,508
'
Missouri Illinois RR.—Earnings^'•
January—
Gross
from
(:
1946 ^
railway_«.»L.$231,206
—V.' 163,
655.
p.
1945 ;
$261,381
>
99,760
•
89,669
v
^
{
revenues—
$1,715,183 i$2,450,949
7,570
14,037 #
$129,409
$294,365
959
1,069
,
income
mtge.
on
int.
Net
J§43
1944 V
$258,900
104,511
$295,324
——v
a
29,524'i
■v" Cr3,462
to constr
income.
$130,478
31,250
;
31,250 i
bonds-
and deducts.
Bajance
$265,847
36,213
45,877
34,599
^ "
'V 'v',W '
-V.
135,997
41,2,43
.
i
.
.
$1,044,445 $11,130,391 $10,592,582
569,660
6,006,882
5,703,969
:
214,991
1,954,702 ; 1,007,344
69,385
721,624
698,320
61,000
732,000
; 732,000
$2,458,519
693,750
375,000
349,231
■'
tfyty
■ t ft.C-ji ■■■\.
Netincome—.
i9~0,000
$378,509'
7,429
5,805
65,000
Or$ 11,657
11,771
'
$385,938
$114
9,000
lTo'ooo
4130,500
-'Sf •'!■:/
$199,948
-
$76,648
*
150,000.
—
Surplus
-
$145,438
$114
"100,000
100,000
.100.000
7, 1
-y ■?—. 1; y-,
150,000
$49,948
••
I Earnings per - share—.
Dr$73,352
$1.00
$0.38
*
•;
$45,438 { Pr$99,886
;
:
$0.72
^
'
Nil
"After
deducting post-war refund of $14,500. tAfter deducting cost
Including materials, labor and thanufacturing expenses,
but Mo** deducting provision for depreciation;
SOn 200,000 shares
of: capital stock;
■ {^ {{{'{{:f■:■;-■:
{{; ';/•{{'{{,•'/
of goods sold.
4
^
-
.
•
BALANCE
...
SHEET
ASSETS—Cash,' $1,233,814;
U.
JAN.
31,
1946
Government
S.
securities—at
cost
$1,699;821; accounts receivable—trade (net), $770,671'; war contract
termination claiiris, $53,713; postwar refund of Federal excess profits
tax-estimated, $30,544; merchandise Inventories (net), $1,400,569; mis¬
cellaneous
.receivables
and
other
sundry
assets*- $6,608;
property,
and equipment (after reserves for depreciation of $831,726),
$1,093,744; deferred charges, $70,535; total, $6,360,021.
{{>
plant,
.
{
i
LIABILITIES—Accounts
roll and withholding taxes,
$1,011,313
266,856
$744,457
—
$1,405,630
a
266,856
$1,138,774
163, p. 782.
Missouri Pacific RR.—Earnings—>
January—
'1946
1945'
NOTE—Renegotiation proceedings for fiscal years ended Oct. 31,
1944, and prior have been concluded.
No refund
is
anticipated
for the year ended Oct. 31,
1945, or the period of three months
ended Jan. 31,-1946.—V. 163, p. 656.
a..:>S.
Nashville Chattanooga & St. Louis Ry.—Earnings1948
January—
Gross
from
railway*
r~V.
163,
1161,
p.
'
7. 143,642
revenue
.
?
1943
.
906,498
$3,219,111
1,265,819
-
469,247
,
1945—Month-i-1944
expense
$294,322
—
683,869
Net operating loss.. {
Non-operating income--
$69,291
7,304
'
1945—6 Mos.~-l944
$1,863,777 $1,289,360
2,051,407
1,315,705
$243,874
260,923
363,613
!
i—-——'A
Deduct from gross incJ
1943
"
Inc.—Earnings-
Gross loss
1944
.
.
$3,481,180
7
National Airlines,
Operating
1944
-
$3,371,309
'
870,126
464,413
328,495
Period End. Dec. 31—
Operating'
1945
:
$2,455,456
_
Net from railway--i{xNet ry, oper. income—
360,867
Crl,728
Cr6,324 ■:
Crl,562
7 $71,488'
; i $238,012
-
$1,729,220
29,302
Dividends appllc. to preferred stock for period-
{
,
-
income
Int. chgd.
:u
{
Net from railway—--Net ry. oper. income
*
1945—12 Mos.—1944
1945—Month—1944
$1,100,060
649,153
83,871
V ^{11,671
a
61,000
—_
—
oper.
Other
30,228
.
^
,
taxes
taxes
Gross
Int.
59,663
>
have large
interest in
companies
-
$139,216
i
20,425
.
$144,844
contingencies
■*.'17
-..V.;
■
Mississippi Power $c Light Co.—^Earnings—
Period End. Dec. 31—
Operating revenues —:
Operating expenses —1"
Prop. ret. res. approp.i
,
.110,932,
7
,.
v
Other
,1943
$159,125
f 52,225
221,339
18,904
.
-Other
1945
{ $160,146...
55,116
January—
Gross
{$179,700
.
.
Mississippi Central RR.—Earnings—
Net from railway
1943
;
payable including pay rolls, $406,861; pay
$16,757; accrued taxes other- than income,
$7,913; Federal taxes on income, including $190,000 for the period
said.
1
'
of three months ended Jan. 31, 1946—estimated,^ $715,329; reserve
He pointed out that refunding of the outstanding prior lien bonds in {{
for post-war adjustments and contingencies, $317,151; capital stock
1947 is onq of the goals of the management.-—V. 163, p. 1161.;
,r' { : 7
<200,000 shares .no par); $1,000,000; earned surplus, $3,896,010; totaL
$6,360,021.
•
J
Net
i
which
groups
in January, 1946, acquired $5,079,000 principal amount of
funded debt with the proceeds of a $5,000,000 bank credit,{Mr, Morfa
2396,.
1944
investment
that
M.-K.-T.
Federal
below.- -V, 162,
observing
stock and. bond holdings in M.-K.-T.-, also have acquired an
the other two roads, said that any merger of the three
would be effected by an exchange of securities.
Minnesota. & Ontario Paper Co.- -Unit to Dissolve—See National Pole & Treating Co.
"
,
".234,140.'
;: 15,598
$150,649
"
"
$17,049
$187,630.
11,561 ;
in
y
$61,986 "
12,187
$16,937 {:
.2,565
$176,068
$16,937
$26,345
,
$193,570
$823,780
17,502
-
Gross
from,railway-— $14,171,953 $19,396,128 $18,887,717 $17,106,976
railway
3,759,392
8,318,564
8,337,757
7,743,079
Net ry. oper. income^
2,038,976 ' 3,007,428 < 2,956,472
4,523,411
Net from
NOTE—For mechanical
reasons it is not ahvays
companies in exact alphabetical
order*
However, they are always as neor. alphabetical
position as possible. .':'/■ ••
.
possible
to
arrange
—V.
163,, p. 655.
(No.
/•
>
CONSOLIDATED KICOME ACCOUNT FOR CALENDAR YEARS
:
■
-
•
1944
1945
1943
1942
.
'
"
debt
■;■.
Misc.
deducs.
$9,469,440
!-
inc.
$9,007,266
58,840
$9,776,564
57,234
3,724
16,246
23,687
acq.
2,397,925
7,308
2,936,966
Crl0,352
3,658,457
23,564
4,278,781
4,490
Other
$6,788,993
$5,794,849
$6,559,424
5,400,321
4,098,014
Operating revenues
Operating expenses
$9,227,193 $10,471,483
307,124
322,359
Federal taxes
—;
from
480,527
on funded debt, fxd.
interest
-
of
disc,
/* ".125,000
•,——_
of
elec.
Net
Int.
,
on
fxd.
21,388
adjust,
chgs.
bonds
operating revs
income
Gross
$6,520,434
Int.
on
on
.
652,835
67f,878
678,878
$6,110,115
$2,000,000
$5,115,971
$5,880,546
$3,867,599
—
—
of inc.—
approp.
13,113
8,458
$8,130,170
$6,613,169
473,420
80,279
$599,040 $8,603,590
147>595
1,684,556
44,125
478,010
84,583 f 2,659,444
$6,693,448
$322,737
$534,658
will
continue
$589,189
9,851
;
$4,110,114
$5,115,971
bondsl_^
-
$543,116
95,833
-
debentures
and deducts.:
3387104
income
.—i.—
$109,179
Dividends applic. to pref. stock for the periodi
Incqme
$5,880,546
—V.
$2,667,582 estimated wage increase non-operating em¬
ployees February-to December, inclusive.
"(Appropriated for- possible
Increase in. tax liability and other purposes. >
CONSOLIDATED - .B^lJtNCE
SHEET DEC. 31
{'■{•■... 1945
no.'."*
ti
AssETS-^ t•
.u
163, p. 314.'
invtfiin5portatiqrfjp^perty
noo
-
.
-
p.
companies—unpledged
investments—unpledged
4——----1—{.
Temporary cash investments--—
Special deposits ———
————^
J$44
:
.
1,814,557
529,495
180,738
$3,781,574
957,534
$2,824,040
Cash
'
1161.
{.{■•;
250
and
and
receivable
supplies at
804,642
852,924
4,590,989
5,023,131
7 344
debits
:.v.'
T
:
3,057
1,967,516
assets ii—-————
Deferred assets
2,361,674
.33,058 '
274,126
'
-■
'
Total
'r-u
-t-v,
.—
——,
f
.
-
...
75557
73,'o78
^
85,056
———748,061
_—
—
310,906
cost_^—5,169,355
dividends receivable—
Other current
-
2,607,205
—.
Accrued; accounts receivable—
•Unadjusted
163
v
V
^
1946
.
increase
1945
.
$55,230,760 $44,561,921 $10,668,839
—-
163, p. 907.
•
Products
7
"{A'V
'
aV./, ,{{{.{
',{7
Subs.)—Earnings— 7
.
■.
.
.■■■
>
261,966,054 258,475,531
$8,510,Q06. $4,755,295 $21,316,987 $17,886,235
'
-.i;
•4,829
3,585 /
13,622.
.»
17,966
Net operating rev.;—
Rent fr, lease, of plants. ;
(net)
..
——
Income
Operating
Gross
income
.
.
$8,514,837
; 37,969
$4,758,880 $21,330,609 $17,904,201
- 34,784
185,687 •
123,348
.—$8,552,806
$4,793,664 $21,516,296 $1$,027,549
..
(net)——
.
int. to public, etc.,
deductions
—.
profits taxes—Crl,172,000
Net profit
——
Number of capital shs..
Earnings per share——
The income
*$395,485
950,615
;
Nil
statement for
6,128,178
2,065,905
12,247,210
8,317,315
——$2,424,628
•Preferred dlvs. to pub.
1,193,877
;
$2,727,759
1,304,303
$9,269,086
5;017,463
$9,7:10,334
5,240,545
$1,423,456
501
$4,251,623
2,177
$1,422,955
/
»
1943
1942
$986,574
$559,366
659,500
844,000
275,000
$325,887
$342,574
950,615
$284,366
950,615
.
Balance
Balance
1944
$985,387
a
Port.
——...^
$1,230,751
appl. to mln. int.
Net
35
13,541,180
—-
bat receivable from agents & conductors
Material
Distillers
...
Other income
Quarter Ended Nov. 30—
1945
Profit before Fed. taxes *$1,567,485
Fed. income and excess
1,665,929
36
14,782,389
5,000,497
/ 883,723
——
Loans and bills receivable
Interest
National
Period End. Nov. 30—
1945—3 Mos.—1944
1945-^12 Mos7—1944 ';
■;:{•■/ SUBSIDIARIES-?
{
*-;-•
.
Operating revenues .... $21,439,958 $21,556,539 $86,870,947 $84,920,377
Operating expenses
11,695,670
11,371,407
45,822,904 44,096,704
Federal taxes
Crl,507,931
2,693,158
8,126,676
11,992,024
Other taxes
914,199
1,114,630
4,292,210 • 4,453,129'
Amortiz. of elec.. plant
acqis. adjust. ..—... { 432,169 .
1,584,619
T.*.-7Prop, ret, res, approp.^
1,395,843
1,622,049
5,727,551 : 6,491,685
$3,211,124
Murray Corp. of America—Earnings-
ice
1,708,385
Other
accounts
of
Net
—
-
Investments in affiliated
Miscellaneous
operated as formerly under the
and will be. known as :the
family
National Power & Light Co, (&
Montgomery Ward & Co., Inc.—February Sales Up—
—V.
.
Net
be
Division
National Mallinson Fabrics Corp.—Transfer Agent—
■
Month of February—
Sales
Investment
223,783,229 223,996,038
on/4 'AfhAW
wriaown
fun^e
Capital and othejr., reserve funds
sg ^27 926
—938,155
Miscellaneous , physical property-----.--.
3,199,401
3,180,675
Accrued depreciation—miscell.. physical property
CY279.250
Cr228,861
Investments in affiliated companies—pledged
527,002 '
527,002
fonifo 1
.
to
Wellford
the
♦Includes
,
w*4«
r.
The Manufacturers Trust Co., New York, N. Y., has been appointed
transfer agent for the nert capital stock of $1 par value.r~See V. 163,
$4,168,658
957,534
<
Balance
Net
.•
678,878
$5,867,599
2,000,000
Net
Misc.
income
y
(net)
income
intge.
Other int.
Jconting.)
Net
business
supervision of
Chickasaw Wood Products
Corp.—V. 163, p. 782, ;?;, {•
_
,
on
——
Int.
after
322
1,093
—
.
corporation, which has been,
Products
direct
2,017,381
plant
"
Inc.
Disiillers -Products .dprp^Increases Invest-1
a large", stockholder,.in Chickasaw
Co., Inc., for mahy years, announces that it. has
acquired, in conjunction with Merchants Distilling Corp. of Terre
Haute, Ind., the remaining outstanding capital stock, of Chickasaw 7
Wood Products Co., Inc., heretofore owned by the Wellford family. 5.
{■;.{■-
144,759 .1,500,000
3,861
■
.
Amort .of ltd.-term inv.
adj.
$23,788
.
unfunded debt-
funded debt
—
appropriation
Int.
Amortiz.
—^
taxes
Other
$9,549,553 $10,932,011
56,435
65,628
Amort,
equipment
on
656.
Prop., ret. and depl, res.
-
Rent for leased roads &
Int.
This
Wood
; 1945—Month—1944 .■
1945—12 Mos.—1944 ;
$1,687,662
$1,768,941 $17,873,194 $21,234,346
5,818,500
4,830,644
684,039
584,778
5,124,685
324,060
1,698,243
160,258
1,660,611
126,155
182,292
1,697,163
Period End. Dec. 31—
$8,782,443
224,823
>
8
per
company
{1,369
income
cents
(including for periods prior to Dec. 14, 1944, consolidated operations of
and former wholly-owned subsidiary, Glacier Production Co;)
'
■
5,194,929
inc.
March
on
62>/2
of
Montana ..Power :Co*-^arning^~»{ ^
4,203,472
Net railway oper.
Other income
Total
2)
:
The
■
Railway oper. income $12,985,915 $14,664,368 $14,627,514 $14,569,497
Net rents,
163, p.
v
ment in Chickasaw Concern—
'■■?;:
Railway oper. revenues $83,093,894 $84,022,042 $79,024,587 $58,626,219
Railway oper. expenses 57,134,076 58,814,884 »55,536,441
39,990,824
Railway tax accruals—
12,973,903
10,542,789
8,860,632
4,065,898
'v
Co.—Preferred Dividend— M
declared a regular quarterly dividend
share on the 5% cumulative preferred
stock, par $50, payable April 1 to holders of record March 22. {An
initial quarterly distribution of like amount was made on Jari. 2
last.-~V.163, p. 466.
The^ directors
,
Missouri-Kansas-Texas RR.—Annual Report—
—V.
^ ■ $74,173
—...
National
Monroe Auto Equipment
/
deficit
t
.
.
Net
950,615
$0.34
$0.36
the three months ended
i
income of subs..*.*,
equity
(as above).
$1,230,224
30, 1945
(in detail) follows: Net sales, $2,938,637; miscellaneous income, $4,410;
portion of reserve for deferred costs of war production credited to
income (equal to reconversion costs of approximately $175,000 in¬
cluded" in costs and expenses for this period, less recoverable portion
Other income
prior years' Federal taxes on income attributable thereto), $47,985;
total, $2,991,032; cost of products sold, $3,991,812; administrative and
general expenses, $505,973; interest expense, $51,321; miscellaneous
deductions, $9,411; loss before credit for recoverable portion of prior
of
years' Federal taxes on income, $1,567,485; recoverable portion of prior
years! Federal taxes: on income , arising from carry-back of net oper-
Total
taxes
Other
Int.
-1,719
$5,249,446
$4,468,070
$1,422,955
$4,249,446
$4,468,070
369
2,510
$1,423,324
90,856
$4,251,956
339,720
1,131
23,634
:
475
....——.■
——-—-—
$1,230,699
taxes——.
91,228
<excl. inc.).
Cr65
4,571
1,087
Exps., excL
Fed.
;
V
.
$1,230,224
•
$0.30
Nov.
$4y469j789
.
equity of Co. in
NATL. PWR. & LT. CO.—
Net
527
t
taxes
——
and other deducts.
Federal income tax
Balance
surplus
'
—.
3,300
$1,130,578
950
3,801
,
.
-
,
$1,325,417
>
60S
$4,468,673
.—Jl,067.
2,300
7,8881
•Full dividend requirements applicable to
earned or unearned.
"Vf.'
m
.'1944
■
&way.
Morfa,
for
Dividends
,
$3,649,342. The com¬
stock.—V. 163; p. 314.
$63,548,377. and the consolidated net profit at
pany's capitalization consists solely of common
: 18,827 "
•
six-
r
$618,752
■
According to R. J. Morfa, Chairman, the company hopes to formu;■
this year a recapitalization plan, the primary purpose of which
Will be to liquidate accruals of unpaid preferred dividends.
,
Tentative recapitalization discussions, Mr* Morfa
added, revolve
about an exchange of each share of present preferred stock on which
unpaid dividends amounted to $99.75 a share on Dec. 31, 1945, for a, ;,
share of new prior preferred stock, "plus something else." - Accumu¬
lations of unpaid interest on the railroad's adjustment mortgage bonds
also remain, to be settled.
: ;
v ;
:
Mr. Morfa said
the company Is "interested in*
a merger with
Chicago & Eastern Illinois. RR. and Chicago Great Western RR., but
explained that any unification of the properties is "several years" "
Mr.
;
on
w
'■
6,268
Federal--income' taxes-{
Fed. exc. profits taxes—
late
Registers
.v'.v,.
$389,948
Total income
May RecapitRlizerm
;
consummated and its assets transferred to tne
present Soo Line) to Dec. 31, 1945 and the present and future financial
requirements of the company.—V. 163, p. 1161."
-predecessor company was
50 cents
share was made on the prei*
1945
$383,680
-
Ihe 16 months from Sept.
no
{.VU;.
$394,582
v" <'•
> '•
Depreciation
conform- with Interstate Commerce Commission
common-stock outstanding in hands of
public Dec. 31, 1945.' There were;.. also 5 shares included in stock
liability for conversion on Dec. 31, 1945/ ;
V
.
and
.
cents per
admin.- - arid >gcn.'■'■■; :■' :• "1. ••
/{"expenses
•■"269,575
tThere were 808,965 shares
_
April .24
,?aa.':2, 1946.—V, 162, pv 2019.
..(Sell.;
classi¬
fication in. effect Dec. 31, 1945 and to eliminate nominally issued
securities cancelled -.when privileges of exchange under reorganization
plan dated Nov, I, 1921 were withdrawn on Dec, 18, 1945.
;
.
bn»
—-3—261*966,054 258,475,531
Total
Minneapolis, St. Paul & Sault Ste. MarieRR.—-Initial
/■Dividend—■ v.
W: -; ' v.:~;?'■:•.{
The directors have declared an initial dividend of $2.50 per share
on the voting trust certificates representing the series A common stocK,payable April 15 to holders of record April 1.
v ■ • -H. C. Grout- President, said that the directors, in arriving at the
amount of the dividend1,'had taken into consideration earnings for
of 42
cents
",{'''{.{ •'
•
Quarter End. Jan; 31—
1946tOross profit--2{ $672,082 { {
•
■t-:
1288.
25
<F, E.) Myers & RrO. Co.—Earnings—
■
18,858,605
surplus—unappropriated
initiai disirlbulioh
Ah
took
earnings
-.S ;'-{{{'Sm/",'."-:<-/ ■•'.
•
In 1945,' the company paid
Dec. 4 on the coHimon stock.
970,055
shown, above ($13,W8,200)
authority from the Interstate
Is at rate r»f $100 per share pursuant to
Commerc®
•
.
—-
;■;{■{■.
8,846,191
5,892,567
Deferred
823,294,796;$22,200,648 ^
90,465
657;3©4
——
situation,-:v.:
1,674,112
7,424
121,788
Il7,996:
Common Stock—
on
par $50,-'payable April. 1 to holders bt. record March 18, but
action-on a common dividend at this time due to the current
5,022*718
1,072,828
11,629,578
—
Other
1,514,384
.
5,038,372
_
payable '...l:—.-3—
Taxes accrued
piAction
74,333.747
4,771,210
-765,802
1,975,491
3,183
unpaid3———3
matured
NOTE-—The stated capital of the company as defined by the Minrie*
sdta statute under which the company is incorporated, has,been fixed
rv
70,312,519
3,071,409
3-3—33
service balances—Cr——
car
loss-,
net
The* directors, at a recent meeting, declared a regular'quarterly
dividend: of 50 cents per share on the 4% cumulative preferred stock,
-14,712
accounts and wages payable———Miscellaneous accounts payable
credit,, $1,172,000;
*
V
profits
excess
'
*11,297
;
412
-
Audited
*20~550,
•:
debt
term
Traffic, and
464
41,304
192,785
7,255
~7''X t;
__
unused
and
,$395,485,;'.'
66,674,7731
V.;■"
•
—_____r.._fr;—
,
iqss
ating
$66,693,158 $66,692,438
'
363
-
;Larhe,d 'surplus ;(\inapp.ropriated) ' M---v-'i-----
■1
"V
;.:66,674,938
for conversion.:
! Preferred series A
'
88,563
217,335
724,855
f ■ Defeired liabilities
v,-Unadjusted "credits,
\
(par $100)——
t Common stock,
Stock liability
,
.
"
Preferred stock series A
$13,698,200 $12,980,000
1,301,800
2,020,000
2,263,958
3,959,299
11,942
276,091
1,021,865 ; {,633,243
246,813
:
245,983
Capitalstock
Monday,: Marcfc *$,, 1946
332,924
3,446
19,313
187
53,000
$3,878,496o $4,059,803
respective1'iMtods
i
whether
W.,
r
Volume 163
Number 4473
COMPARATIVE
STATEMENT. OP INCOME. (COMPANY ALQNE)
Period End. Nov. 30-Total
1945—3 Mos.—1944
Income
$150,518
Exps, .excl, taxes-i,^..^
Fed.
Int.
inc.—..
3,300
incr.
1,087
tax
income
Net
H'.'r
"
; Y
•
National Pole
&
Treating Co.—Proposed Sale—
special meeting of the stockholders will be held
the
on
accounts
Co.,
proposed
sale Of
and good
receivable
and
the
at
time
same
March
on
.
Vote
Dec/31—-Y 'Y
■»« - -
Other
iv
■
30, to
*
the company's fixed assets, inventories,
will to the. Minnesota fit Ontario Paper
to authorize the dissolution of National
income
Net
deductions
New
.
/
.-—J;
INCLUDED)
-
as
England Oas and' Electric Association//
Net
Income
before
Federal
taxes.
,
shares of stock
w
*
•
-
"
■
M.N..
January—.?
'
a, m
—
•
402,085
"
$545,805
M *179,391
•
•
/
38,273
*275,361
*20,930 '
Income...
oper.
New York
-
1945
*109,060
1944
'
1943
'
$727,690
f'//,
657,
p.
$590,544
-
12,80-4
*79,357
1
''
' ■'
Susquehanna & Western RR.—Earnings—^
January—
Gross
*L
1,727,784
f
1946
from
railway—— ^
rallway_:U.—_
Net ry. oper.
Income—';
—V. 163, p. 657.' .;'
■
Net
1945
-
$382,979
from
28,879
$509,379
22o,0d8
>
73,811
*
109,464
-
"
13,038
V.
Vf";-
1943
1944'
$369; 136
I3y,731""
.
'
;■
$470,406
265,715
69,735
*
.
/;
6,240 *
•
1,195,558
/ 955,285
$1,215,106
$961,525
(Jf. J.) Newberry Co.—February Sales Increased 1%—
Period End. Feb. 28—
"
1946—Month—1945""""
Sales'
—V.
stated that upon distribution, the
New-England Power
Minnesota it
Output—
as the owner of 40,855 shares (approximately 70%)
'■J:" The Association reports number of kilowatt hours available for the
stock of National Pole
Treating Co. will receive in
week ended March 9, 1946 as
62,055,454, compared with 64,698.105 foti
addition to cash 51,844 of Its own shares which will'become treasury
;i the-week ended March 10,
1945, a decrease of 4.08%.—V. 163, p. 1162.
shares.—V. 182, p. 2396.«
*.
..
♦
- '
■
•
»
/
1»
further
'
railway—*11,389
Net-ry.
$1,734,024
2,365,231
«.
*
4,093,351
$2,384,779
$19,548
i
'•
.
Ry.—Earnings—
1946 ^
$500,358
,
Gross from; railway..—'
Net from
m
Minnesota Si Ontario Paper Co./
In
Association—Weekly
Ontario Paper Co.
the
,
4
'
$1,930,374 '$1,957,241
&
Mr." Davis
v
New York Ontario & Western
Donald D.
of
District-Passenger Agent at New Haven,-Conn., since September,
his headquarters at South
Station; Boston, 'Mass.-r-*
1938, will make
V. 163, p. 783.
1944
4,715,824
." 400,670
from/income; subsidiaries--.
Prov- for Fed. income" taxes (sep; c0. ret.
basis)
Treating Co. Y:-.'•/ .vYY r x% .'^'K
Y/ ■'■':■■■ ■/■■.%"
■■//' S
Davis, President, said that following such sale and after*
Net Income Y_—
provision for its liabilities, the assets of the National Pole Co. will
Consolidated return
consist of approximately $1,050,000 in cash and 74,508 shares of the capital stock In Minnesota tt Ontario Paper Co.; and that upon Initial
Balance to surplus-//.!--—-t...,.
4>
«*/««*!•'
distribution of assets each outstanding share in National Pole A Treat¬
-V. 163, p. 1288.
Y,
ing Co. will receive approximately $18 in cash and approximately 1.27
Pole
COS.
>.1945
_____—
♦Deficit.—V;'163,
/'/
.
Ended
■
$50,397
163, p. 464.
/j/'A
♦»
Months
Total operating revenues—
1433
'
4,571
/
fr.
deduct,
Ffederal income
~-V.
$1,590,937
$20,095,939 $19,379,040
yd,856'
339,720
.332,924
Operating expenses Yl—10,230,019
9,929,366
950
1,131
3,446
-•■.'Maintenance •
—1—---1,383,977
1,760,277
3,801
23,634
19,313'
Prov. for-retire.'of prop., plant and
:
equlpt.-*..
1,887,052'
1,610,689
1,087
187
;Prov. for taxes other than Fed. income taxes.
2,058,701
2,128,385
///• 7,888
2,300 :
53,000
■'/
// Operating income
YY'
4,536,188;- 3,950,321
$62,975 , $224,674' $1,182,067
Other income
179,635
143,030
.
Cr65
>,'(
/.
taxes
dtc
$598,134
(SUB.
12
1945—12 Mos,—1944
$160,882
91,228
CONSOLIDATED INCOME STATEMENT
—„
tax., excl.
Other
THE COMMERCIAL & FINANCIAL
CHRONICLE
$7,002,642
163,
1031.
p.
S'- Newport
capital
1946—2 Mos.—1945
'
,
$12;54k>;087
$6,363,609 $13,412,850
.
News
Shipbuilding & Dry Dock* Company
„
—Operations.—
STATEMENT
•'
'
OF
RECORDED
COST
OF
*
.
PERFORMED^-
WORK
.
New Haven Clock Co.—VotUs Reorganization—
National Shirt Shops of Delaware,
Inc.-—Calls^Stock—
;;i
;' All of the outstanding shares of $6
called
for
redemption
dividends
prior preferred stock have been
April 1, next, at $100 fer share and accrued
on
amounting
the! office
to $1.50
the corporation,
of
At
share.
Payment will be made at
315 Fourth Avenue,-New York City.*-*"
per
subject to
preferred stock.
ing
Co..-
The
directors
Months
Ended
Total operating
Dec.
Light Co.—-Earnings—
31—
revenues
tlon
-
1944
1945
■
$6,762,724. $6,427,100
—————a—3,216,358
3,029,981
Operating expenses
Maintenance-
of
,
for
retire;
of
of
as
the
w
called
/It
plans
conversion
K
•.
The
new
share
of
Issuance
$1,250,000
Net
Federal Income
Gross
taxes.
convertible
163,
/
v-
/
.
from
Net
656-.
p.
-
'
<■
New England Lime Cb.
^
•
directors have ordered j a distribution of \x/i% interest to be,
paid July 1, 1946. on the 3%-6% debentures due Jan. 1, 1966.
The
payment represents six months' fixed interest of l'Vi% and 3% addi¬
V
tional
interest
ment
V.
6%
of
155.
provided
as
earned
was
in
the
indenture. * The full
three
over
times in
1945,
year's
it
Total" income
583,676
609,663
^■Operating,
Profit
require¬
Other
351,370
343,459
148,685
Association—Output—
:i Net
year ago.
of
13,042,773 KWH
the corresponding week
for
for
>,
ago.
Co.
excess
;
?
ft.,
cu.
1
week
Is
reported
331 000
JJ1.UU0
in
in
ft
it.
cu
cu.
the
tne
corresDondins
corresponamg
week
weex
vear•
a
a
year
cordingiy,
after
the
extensive
of
50,142
*
with
various
Interests
of
value
31, 1945, market
collateral trust? *4%
Dec.
of
FOR
per
CALENDAR
interest,
YEARS
of
—
securities—-wi-..—
38,267
*50,828
$57,955
47,943
>
..
$65,837
316,938
income
81,855-
$147,693
_
;
taxes..:
18,000
$65,398
/'-/ 47,943
of
all
and bond
expenses
43,766
*
Y.
$0.41
$0.60
$142,892
/
67,451
44,861
interest.
*
~,
y
BALANCE SHEET, DECv 31, 1945
,
cash
accounts
cost
and
cash
items, * $271,154; interest receivable,
$1,781; investments in marketable secur¬
receivable,
(after
for
reserve
foreign
securities
'
of
'.vwv:';,
$61,539
,
4,800
profit....
_:'i—....7,' $373,708
6% preferred stock
194,260
5&% preferred stock/./..129,191
on
-
at
1944
$74,769
manage-
-
fc'rlT
»
» -
LIABILITIES —Accounts
accrued
/ 6%
$0.68
bond
payable,
$1,640;
accrued
taxes,
$19,497;
$4,883;collateral trust 4%- bonds, $1,465,000;
interest,
preferred cumulative stock
//Stock ((par $100), $1,304,900;
earned
deficit, $4,383,004;
($100
par), $1,798,700; 5(6% preferred
stock (42,401 shares), $4,240,100;
common
total, $4,451,716.—V.
162,
p.
990. :
^
;
1943.
150,000
on
shares
outstanding
at end of
1944 and
at Dec.
1943.
1945,
31,
*
<
19.t5,^°e.5t
95,887
and
;
'
;
Northern States Power Co. (Minn,)
\'j
Operating
Operation
y
'
and
in
(& Subs.)—Earns.
Years ended December 31—
,r ''»
cash
$53,086,849 $49,059,923
; 18,105,488
16,346.256
_
——a,—'————.w,—
Maintenance
(
ASSET^-Cash
DEC.
'
.
hand
on
3,105.829
Depreciation/Taxes (other than income)/.!—
of
1945
31,
attd"in
securities,-, $546,060; -advances
as
Provision
Prov.
banks; $908,t4T;; U. 'S."Government
shippers and accounts receivable,;/
to
and merchandise inventory at market
(after
reserve
for losses of
for
-
Federal
for Federal
income
income
:——
taxes.
—
taxes—
,
2,566,482
5,065,000
5,908,513
4,800,000
2.998,500
r
!Y
profits tax/.
excess
for' State
Provision
1944 !>•/;.
1945
revenues
—
'
such
representative
:
•
$119,432),-$4,investment in subsidiary company (market value, $57,413),
; 059,957;
'$28,006; unamortized bond discount and expense, $19,640; unamortized
/discount on capital stock, $55 •">"• orepaid
expenses, $1,835; furniture
and equipment, $1;
total, $4,451,716,
.;'■'•//
•
•
audit
/
;
and
on
'
ities,
2,959
57,107
■-
3,010,219
3,431,480
335,100
5,743,034
5,560,687
*
521,500
$94,i-
possibility ..by the /
506); $1,577,447; stocks in wholly-owned subsidiaries (at cost). $277,classes of equity.
>517; due from wholly-owned subsidiary, $57,661; furniture and
equipholders,
necurity holdefs, a new plan is being developed and will shortly be
ment, at cost, (after reserves for depreciation of $9,746), $2,669; prefiled. *, At that time, the usual notice required in these
cases.by the
payments and sundry deferred items, $63,199;
total, $3,432,694./
Securities and-Exchange Commission will be sent security holders with
; * VLIABILITIES—Notes
^.■complete"details.
payable^—J*anfc (secured by -U. S. Government
/ securities, $470,000," accounts payable—shippers,
^plan flow to be pr6pnsed as an am^ndment to^.he plad: Jifcd (ln;
$l,851,88?;* vouchers
/. ' March 1945 will provide for the^ sale of new securities.- It will pro- / payable, $6,724; withholding, social security and - other taxes payable
or accrued, $23,005; • Federal Income and excess-profits taxes,
pose that the debentures presently outstanding aggregating $34,998,500 ;
1945
-//(est.), $57,107;, accrued, expenses,
///be retired with the proceeds of the sale at competitive
$9,070;
miscellaneous liabilities,
bidding of - „!
$5,745; due to- wholly owned subsidiary, $57,114; 150,000 shares of
-(a) $22,500,000 principalr amount of * new sinking fund* collateral
; outstanding
no
par, common
stock- (including
p. / - '
1,512 shares/to be
bonds* plus
Y///;::/// ,/r
issued in exchange for class A and class B
stock) at declared value,
iVr- <b) sufficient shares of new commoh out of anr
original issue of
$863,513; stock dividend declared of. 7,392 shares to be issued Jan. 22,
;
/
2,300,000 shares to supply the balance needed j>eyoind $998,500
Ji046 (at market yalue ?at date of declaration, Nov.
cash to be supplied from the
23, 1945, of $8.25
treasury.per share), $60,984; surplus, $27,546; total, $3,432,694.
The proposed plan will reflect a compromise between
the holders of
*
NOTES—95,887 shares are stated at amount authorized
by stock1 *be $5.50 preferred shares on the one hand and the holdera of the
holders at special * mee'tlng held Dec.
10, 1936, $592,948/and 54,113
second preferred and common shares as to respective participation / ?shares at the sales price- of $5 each
authorized
by stockholders,
//Y?/ in the recapitalized Association. It will also provide that upon ap* • • • Sept. 19,
y
1945/ s
///v.!proval and consummation of, the proposed plan mutual releases will
■i * The ..New York Auction CO,,
/
be exchanged between the parties to the long pendipg ''claims/ litiDenver/ Colo., shows a profit for the
/year ended 8ept. 30, 1945; of $2,411 after taxes and the New York
gation. '/':>/•- • **
//.i'//-"1'
Auction Co.. of Canada;
/Y*;
Of the'original issue of 2,300,000 new common shares/,tbci.dumber
Ltd.," a loss of $5,323 for the year ended
Aug. 31,-/1945/ The pfoflt and loss of these two
/ /' luid
value of such shares remaining for the 95,847 shares of $5.50
wholly owned sub-?/
//preferred shares obviously will be dependent on certain factors tha- rsldiaries have "not been reflected in the earnings of the parent com*,
r
f more important of which cannot be calculated
pany."On Oct. 18, 1945, another Wholly owned
at the present time.
subsidiary was organized
under the; laws of the E>omlnion
After the amended plan is filed the Commission Tmust set
of Canada, the Canadian Fur Auction
the matter
/Sales Co. (Quebec) Ltd., and 1,500 shares
down for hearing and If it thereafter gives Its
of preferred and
approval tpe plan must
1,000
trustees
sale
Federal
income
fr $13,616;
102,280
condensed statement of financial condition
interests_of all the security holders,.* acconsideration
:——
Zf
In/a letterTto security holders President Campbell states!'
Due to changing conditions in the-financial markets,
it;:appfeared
possible that an amendment of the plan originally, proposed to the
serve
$1,465,000
asset
fees__-^____
ASSETS—Total
; 3,217
.
8,222
""
—
share.. 1.1
shares outstanding
■1
might better
:
and
175.247,000 cu. ft.,
produetion of 152,a:■■'^i22,{1946' in stock (7,392. shares fit $8.25 per share)
ago.
for fractional shares ($891); a total of
$61,875.
Plans to Amend Plan of Recapitalization—
SEC
1,993
\
$224,682
"*After deducting postwar refund of
$1,059.
tBased on 150,000 shares
outstanding at Dec.. 31, 1945, and 95,887 shares outstanding at end of
tBased
at
above
1,699
profits -tax./
1944 and
,
March
/Dividends
/Dividends
44,509
tEarntngs per
j
1,173,000 cu. ftM or 0.79% above production ofr148,392,j;,0D0 cu; ft, in the corresponding week a year ago.
'
.
*
output for the
other
for
460,539
provls.
Net profit for the year—.—,
Dividends paid in cash
Increase of
Gas
$ Provision
Net
$148,358
:
trading
£
for Federal' income
;
,
/'$391,708
1943
$173,076
and
,
basis of
the
on
the
net
dividends,
gain from the
$685,221 v;
459,794
-
These kwh totals do not include the output for St. Croix
and International Power Co. as these companies are no
f.d mere.se of'22,816.000 en. ft.i or 15.04%
on
Provision
/, ,Y///;/;// ////;/;j/;/vY..: Y///////Y
'longer members of the New England Gas it Electric System.
■Y Gas output for the March 8 week is reported at 149.565.000
an
Loss
'
For the week ended March 1, this Association
reports electric output
12,487,303 kwh.
This is a decrease of 524,727 kwh,- or : 4.03%
production of 13,012,030 kwb for ; the corresponding week a
Electric
for
the
♦After the deduction
charged off
final
subject to
Totals
1944
—'■
losses
•
:
a
/ below
%year
provision
from
and
$601,670
-
$664,114
—
income
Bad. accts.
For the week ended March 8; the Association reports electric
output,
of 12,567,761 KWH.
This is a decrease of 475,012, KWH, or 3.64%
below
production pf
income
raent
from
Depreciation
4
-
and
?
1945
*Net
income
Total
New England Gas & Electric
preliminary
2950.
p.
stated.—
was
604.
P.
expenses
are
162,
RESULTS
402.804
operations
3,652,000
99,409,000 136,720,000
$949,471 m $670,898
1945
from-
costs
outstanding,
1943
$978,887
Calendar Years—,
(Del.)—-Interest
//The
.
3,126,000
share of preferred stoclt
was $160.03.
The net "asset value of the common stock, after deduction
of all senior
obligations, was $12.15 per share.
;*, •
/ ' v ;
Con ine —Annual Report-^
W,rTsiFr
After
bonds
445,495
333,766
New York Auction
.
1945
adjustment.—V.
values.
income
163,
39,585,000
/f;: Net assets totaled $6,431,725
.
V.
1,476,000
North American Investment Corp.—Annual
Report—
908.
$758,819
V
—
NOTE—The
and
,
f
-
.
from
railway^
railway
Net ry. oper. income—j.
—V. 163, p. 656.
Net
income
1,723,000
640,000
Total
4V2%
p.
New Orleans Texas & Mexico Ry.•Earnings—
;
'" '.•••
1945
1944 '>
///;•• 1946 -
/S
Income
Total other deductions from
in
working capital.—V.
January—
f/Y
1,876,000
work
'•
-
company will issue three shares
stock of the predecessor
of
See* New Haven Clock Co.'above;'
,——
other
92,020,000 126,234,000
4,263.000
6,834,000
36,386,000
19,858,000
it
access,
the
of
New Haven Clock & Watch Co.—Successor-
prop,
General taxes
•'Si-
r
all
:C
outstand¬
present
-{
.»
17,342,000
common
preferred stock t« provide additional
"
,
of
ship
constructionShip repairs and convs.
Hydraulic turbines and
outstanding pre¬
1946,",and have authorized the incorpora-
April 20,
also
or
for retirement
new company.
stock, for each
common
..company.
-s
*
419,280 r • 705,076
plant and equip
./ • 712,739
574,995
(exclusive of income)!-*-'-.*.-'!!;!--./ 676,686
728,004
;/,/ Y'vY*. / /
•:/./
■*"*
"
/ Operating income
$1,737,659
$1,389,042
Other Income (net)
35,729
16,944
Prov.
of
'»
have
stock
ferred
New Bedford Gas & Edison
retirement
1945—Year—19f44 L
:
New
a
Clock
*
1945—13 Wks.-r-1944
'
.
special meeting of stockholders held March 6 and March 13,
approval was given for the incorporation of the New Haven Clock
& Watch Co. to tike over the assets and
liabilities of the New Haven
:
V. 161. P. 882.
12
Period End. Dec, 31-
Net
all
operating income
(net)—
$14,136,937 $10,51i;743
Other income
'$■1 133,878
^
124,234
,
.
Gross
income/-
,
,
Interest
Amort.^of
debt
*
$14,270,815 $10,635,9T1
long-term
on
debt-
discount
•
and
3,465,567
3,344,472
•
expense/-
-•
497,334
,
Miscellaneous
*Special
7
deductions
Balance
/
—
of*debt
amort,
—*
disc,
and
205,632
?
———a
•
'
69,048
'
/. 41,842
;
56,600-
Cr48.«26
145,316
1
3.643,500/
expense--'*
$6,419,072
$6,238,081
5§,205
.4 56,205
$6,181,876
$6,362.8$7
a—-
Subsidiary- divs.. and minority: interest
487,357
''
//Other Interest L————__^-Y///:;242,368
/Amortization of sundry fixed assets.
/ 41,842"
AmdMisatlon -of expense/ ort
sales 'ot capital
.
a
[
stock of subsidiary* eompanv
69,900'
linterest charged to construction
a—
;
Crl2,316
;
—
•
►
v
.
'
Total
certified
to
Federal
the
Court
for
confirmation./ This necessarily
puts off for-i at least two or three months the date upon which a
public offering can be made.
If is principally the market conditions
.prevailing at the time a public offering can be consummated which
/will .'determine .the number and value of the shares which-the $5.50
preferred shareholder will receive in exchange for his present holdings.
'
.
shares
The
/
v;
.
ftt£x*>' Statement of income
/'""//:.-12 months
^Dlvl&'eifds received:
Becurities
.
ended
company
dec.
/'
'
$2,537,525
$2,431,034
•
.
,
J,
,
/
100.273 /
————^.r~—— —
the
Sales
at
for
contingently liable under
of
the. lease entered
Co.
from
3078,
/
directors
a
cost
of
/• "■
and
271
have"
declared
a
of
Sept.
Earned surplus, end of
* Amount
•
.
Total
Income
'-Y-v-,-
for' taxes other
Prov.
$2,711,803
—
Expenses
than
141,849
taxes—
-.interest
interest
"Other
.
on'long-term
Taxes
Other
debt——_T—
w/—-■/™-r—4^-;—~--—
assumed
Amortization
interest.!—„———
on
of
debt
deductions
discount
and
136,326
,
;'-i
993
.
1,753,404.
^
■
2,057
'
,
'; ./f
"*
1,777,683
1
6*912
'
8,050
"
expense-
168,058
'
170,207
2,000
~
1,300
83
Net
operating revenue
—:
railway operating income———/
Income
•Net
Net income
Prov.
\
for
return
l!———i„_
Federal
inc.
taxes
M
•
Balance
to
,
»
* '
surplus—
$535,710
h'
,*
*
,*
•/«
—
'_
1
,
.
$502,460
20,370
.18,404
$618,618
$520,864
,,
;
for
;
fixed
—
charges—
!_
real
under
per
share
on
accrued, and
It'Is
1945
/
Old
tract
The
appointment pf.C.
.Manager of this railroad
Erving,
Passenger
Traffic
announced
/
31/1945 . ;1
$12,291,747 $13,887,766
815,610
1,153,664
251,073
corporation
non-stop
to
of
tlations
/
the
/ 590,118
March
on
13
8 Va
the
hours.
/ /
r
was
announced
Manager.
Mr.
on
March
Williams,
//:;
President
and
General
The
first
contract
will
be«rin
'two
the
domestic
airline
covered
to
companies.
Northwest Airlines become.^
put into service the giant Stratocruiser.
huge
the
of
10
shortly'after
the
first
planes
of next
and
year,
delivery of tha
Mr. Hunter- said.
it was pointed out, would use this type of plane? onYts
Hong Kong? and ^Ma¬
proposed routes to Alaska, Tokyo, Shanghai,
nila
P.
I, if the company's application is approved by t^e^Cayn
Aeronautics Board.
Examiners, of the CAB have already recqjqnqe^qep.
Northwest,
y/::;//.'/;:
Announcement
Assistanfe: Passenger
Traffic
4 by
Henry M.
who has served
signed ,a .con*
///
Hunter,
Croil
by
contract
*,
'
as
;;
will maKC4 possible /sev^r-hour coast-towill ena%»rthe /cpmpjanj^to; reduce time
trans-continent.nl flights' over. th?/,./Northwest Pas¬
which
flights and
between
first
anotner
planes
of
the
announcement
with
a
capacity
above
of
$7,000,000.
only a ffewiaKesKs
of-15 Douglas
to 49 passengers, and inlying a
Douglas four-engined planes are>
purchase
bv Northwest
of
fr.om
44
'
cost
?
-
of.75-j?a^nger,..
approval of t,he route to the Orient.
;/
,
Williams
:
dewlmie4^^^tMla^»us.^etog
Superfortress,
limited-stop
Signing
'
394,bOi
; / 216,603.,
reserve^ULtP- /
Manager of Northwest Airlines, and W. E. Beall, Vice-President-engineering and* sales, Boeing Aircraft Co, culminates months of nego-
interest.
.
' Y'' *;;•
Strat6c^uisers^ix5^00!
this
involving $.15,000,000 for the purchase
Boeing Stratocruisers,
coast
1945
1,599,597
that
B-29-
Colony and Boston and Providence properties;
charges against said properties for Boston
New Appointment-/
after special
double-deck
unpaid
taxes and bond
but
taxes
Net profit'.after all
on
charges-on the present capital structure but excluding
rejected leases.
Net income includes accrued,and unpaid
estate taxes
Terminal Co.
;
y-
revenue——-i!—;$3,362,82| / /
incomes
Purchases 10 Boeing
cents
1,235,335
—
i// -£/■■
EARNINGS FOR QUARTER ENDED DEC.
<;
before
sage'-' •route
r,
:
•
$3,376,773. - $2,750,903/'
period——--——r_-_
Pay
♦After-fixed
also
' " ' 33,250
$598,248
Consolldatectr.eturn,.credit—_
i.T')
(
.
40,340
.
incon^\7/|<Y*_-—
Net
$638,588
(separate company
bdsis)
available
income
'
Profit
i
Co.- -To
RR.—Earnings—
//'///;/
Total
"rents
?/
'
/
/ 0*54,460
Airlines—^Earnings—
Total operating*
///■/
par $10,
payable March 30 to holders of record
year-end distribution of $1.50 was made on Jan. 3.' last.
in 1945 were as follows: March
31, 60 cents; and June 30
29, 70 cents each.—V, 163, p. 657,
*
Month of January—
.
equivalent -to tax reductions due to bond refunding.—V. 163(
Northwest
stock,
New York Newi Haven &
Hartford
$2,631,336
•
.
Federal
1,375,000
*
4 6,640,000
Crl8,995
1——!
//;Ay ;; //:-;/■
$227,062.
on
•
1,375,000
4,200,000
—
f,
.4,348;5!75 *//"
$8,932,778 $10,711,442
—Y-Y——
—1
,
agreement whereby
into by the Canadian
/
dividend
1-1,
,
2,750,902
an
(Quebec) Ltd. for the premises occupied * by*
the Canadian Fur
Auction
Sales
Co.
Ltd/
/
dividends
1
Common dividends
20.- A
Payments
20.288
2,000
;.;/
subscribed
terms
leased
p.
common
March
136.891
27,871.
^Miscellaneous
The
42,853
-
/;./
H/WOther:
162,
were
/; New York & Honduras Rosario Mining:
85-Cent Dividend—
1944
investments-———/44,134
indebtedness of subsidiaries--/
•—Securities and
—V.
is
the
Auction
/them .and
'.Y'Y//
,
1945
Yv—
corporation
guarantees
Fur
stock
common
——
-
//Miscellaneous direct -items
onlyp.-/^-^'
31
%
subsidiaries-/—
of
(/Other" security
-'.Intiiresf received:
'
■r
(parent
it
•
of
surplus.
/ Preferred
s
be
—*
Net- incorhe/.——--7——
//Earned surplus,-.beg. of_ period--,
T
First
of
the
of
follows by
the
acquisition
t
Monday, .March 18,4946/:
1434
■1
scheduled
p?" 908/
' "
"
Fed.
15,000
12,300
Net
"
:
1
338
$29,500,:,
V.
forma.
163,
••
$329,669
1945-..
Operating, revenues
_<•
Operating, expenses,/and taxes/.
-'v
•
1944,,ir :.
.
.
-'
.
■
.
v,.\
/
.;
interest,
.
842 957 998
1
"«
'
(DeU—Weekly..Output-
Co.
VJ.Vv
3,048,315" i
410,743 /
387,895
;/
47,244,000
kwb./ as
,
of 2.4'/.-
737
4,125
i
Net
■
,
$529,035
167,052
$461,982;
,
4
62,854
claim ,for.„ refund of
1944, $3,651»
income, tax,Jafter: deducting
of tax for year
overpayment
3,39/088'
overpayment of tax for year.l944t, $3,651//B.O^^i,
$391,036.
Net;income from dividends-;and Interests
cm
Profit
"
from
sales
of
(inc. profit on liquidation
Corp./ entire cap. stock of < which/
securities
Securities
Pioneer
of
purchased
Earned
;
1944
1945/
1946.
,
17,653
is?
_v
YEAR ENDED DEC/ 31,' 1945/-
during
year)
1
,tK-
1,294,184.
.
■*
$133,547
$166 177
bB'
23,394
78 058
29,576
'
Divs.
/ $125,273
59.523
•
"
1945
l,
DivC
19,865
paid on prior preferred stock
paid On preferred stock /
-
31,
-m
$2,891,885.
131,912
Total
1943-
,
surplus, Jan.
657
n
—$1,685,220v-^
1,206,665
Net, Income
Set^fro^TamJ^—^ ^ $149 840
u
^
,
1,380^83,781 1,193^006,255
January^—
,fori( the SEP/.which,
per
$5.50 .dividend
expense
"Federal
Oklahoma City-Ada^Atoka Ry.—Earnings—
■*
coverage
income
Interest
!
789,768
-
STATEMENT,, OF INCOME;
/
13,060
/
-
HoldingiCornpaiiJtiAct.,
""
Income from dividends, interest,
Expenses
was
Hearing on Plan Delayed—>.
.
/
..Judge.Nordbye; at .Minneapolis Feb, 26 continued to,
April" 23 hearings on a plah' for dissolution of $l%.comp.any under-the-,.
169,928
debtZ— $17,127,282 $13,824,955
2,400,000
2,700,000/
'"Z:4.nn nno
2 700 oon
before, deducting/funded
assets
Net -asset
v?
iuLa4
T.otal
Federal .District
$18,357,141.$13,994,883;.
-
unrealized; appreciation^//li.229,858
cap, stk/dnet worth) $14,727,282 $11,124,955
share—v/y,r.\r,r"g• o//./* /"v'/:lV^■/
($100 pref j/„
$625.65 /■/ $460,.17/
Preferred stock, $1,50, dividend .i$25./pref,)^/_-/,/
60.41!; ; 42;71
Common^.stock, net asset yahm/Z-ZZZZZ-//
'
5.42',
2.70,/
Z/
343 229
"
4.36^859 :
Reserves for-contingencies
,
compared with corresponding ^figures
\ ■ n
■ >'
..
appreciation
unrealized
on
Funded debt
12',577,692.
-
the week ended March 9, 1946,. ■ _v. 162, p.. 990. ~*'r * " 1 "
; compared., with ,46,150,000.. kwp,^.for /.thoyi
. _,
;
";/" //// '
correspondingj week, last year, an increase
Z
1944!
.J Net assets applicable to
,2.885.665//
999,079/
/i/Min, fnt., in cap. stk & surplus of ;affils.v—i
Capita) ,& rsurp:~Northwest, Bancorporjition
^
of
taxes
Net
output of " this company for
Electric
totaled
''"A'-&r""
'
;
Northern States.Pqwer,
/
$3,350,281
$3,470,518
incpipc
162/p,'2276."
51'.
255',208!'414*ti226',5921622,
211,527,755
165,381,421^
.
-
Net
•v;'
for
1,380*633,(781. 1,193,006^55"
anCexpense?
taxes
the- end
Allowance for .taxes, on:
3,394,697/:-.
deposlts^—-1-
for
Reserve
:.
317.
7,731.306/;
'
Time, deposits
Letters of credit and acceptances./Interest collected , but'.not earned^..'
Other liabihtles
-
,
.$30,765,022
27,414,741
$32,111,754.
28,641,236
p.
Investors, Inc.—Annual Report—
American
Prior ; preferred
deposits other than war loan dep.
.loan.
; War
-
IndiaDav/Public. S^TyiCft -Co.-trEarningSr^-z■<"■■■
Northernj
Calendar Years—
at
13,060
■
429,458
.
liabilities—
.
163,
/■/";
:
■
Totals-——^
$317,126
.
4,125
547;725 " /.
•//
.
'Demand
„
.u——-—i
affilliated/banks and/companies**.—,.
in,
'.'zT/^-'T
316.
-
Union Investment Co*. anjd_.othei:
companies (less/reserve).
Assets, of.. North west Hancorporation
other
than cash in.affiliated banks.and.Jnter.es.t_
"3.896/
f
,
'
.
n_—
Other-assets
$321,022
-V.
following figures for/1945
The
;
Assets, of
6,090.
8,448...
"3,896 /.
?
$43,042^
p.
■
Z $333,565
$43,981
Z "1,049/
/
" 22039V,v"
'
$325.117/Z $314,931/
/
459
$30,552
1.
tPro
"Actual.
'//' $43,521
$29,941
——.
etcL/I—
230■*"0Q1
,Z;'Z "611
income,.
,
18,710
above.-
'■■/>'':/ ZZZ/Z' ZZZ/ZZ /ZtZ:/ Dec..'3ljt'45, Dec;. 31/• 44\
Total ne't.assets with securities at market pricbs;//-v,* ; ;
187,218,235 / 170.285,844 /
/ 82,710;- / before deducting funded- debti. or allowance Z)ZZZ// ■./<.,:■•/. //•'
226,403/;
,
v
Pacific
237,509,630
.
diScqunts_-----___-r-^.-_„^r.r. /■
and
See, Blair & Co., Inc.
-v-,
s.,:'/'//'
S.
—.
281,482,897,
Bap^^premises/nn^JnvestjtneijJ^^in^Q^/////^;/;' ' ■:/,?
panies owning, bank premises———_———Z:,7,159,879.-/
Other,..-jeaL_estate_..ZZ
/ . -l
31
Interest. earned but/not ,coUected>—/—Z- - ; 3,795,647 1-,
//),/,)/■
Crl21 800.
1944,-.,'
Custbxners,Uiahilityoni_acceptances_4~i-_-
•
268.600
Cr95 000
is
Loans
Overdrafts
149,1700
•«
of Controis-
Pacific Affiliates, Inc.- -Acquisition
(incl,
1
.
847,451,333 / 729,118,184 ;.
40,355,452
47,606,041
1,177,400
// 1,337,300
S, Government • .obligations-,.—W--~
Other Ponds ,t>rid, secu r itiiqs-Z- - r^ Z r ->- >■
Stocks/of. Federal Reserve banks-.
962,794
350,600
*
Cr9,300
4,500
returns—
■
Interest*
170,100
balance sheet
companies/.
and
,
from.,panks^_-4/-^r^---^
Cash, and due
285,474
/
banks
/z/Z,Z■,
Affiliated Bank;?.: //,'../
.//i
/.
.■
U.
1,554,921/
>•■/':/"/,>/
Depreciation
Gross, income
Assets of
301,018
■
Cr4,900
1.500
prof, tax.—
Savings, froittp filing Jpf.;
Operating income Z
income—net'"-..
"affiliated
assets—
1,001,305,,
1,674,446 ,,
22,112..
*
'
•
$3,635,013
$3,957,588
24,820
surtax.
Other
V
ZZZZ:;
/l945*-12 Mos.r*-tl944
74,423
146,"426
83,950
135.163
exc.
consol/ tax
.
"
taxes
&
i. •
.
consolidated
comparative
Northwest Airlines sys
■
$303,955
$294,891
expense
—:J
Other
operating.exps..
normal
.
."1945T^Month—tl944.'
Operating; revenues,
Eqpt, maint. &, garage
Fed.
Z '../
.
Subs.)—Earnings—
(&
North Texas Co.
Period End. Dec, 31—
General
this month on
go.u,into service
to
tem^-V. ,163/
306,085)///
1945
$2,453,887
.
BALANCE SHEET, DEC. .31, 1945 /
' V
il r.a„ r*A
In'ctiS^Lk:-^
L-JjA
tih*"-''.' lt.'i
October,^;. /
xraflira, n<ic r, •;/ ...'.J?1
ASSETS—Cash
(Inc. cash In sinking funds for retirement of preMr. Slater .told/the court,, suggested amendments to the present, plan
Oklahoma Natural Oas. GO. Earnings
ferred stocks, $38,6621/ $2,999,556; total accounts receivable, $138,395/v '"
and alternative plans have, been SMbOiit.ted to the,.Comrnlssipn,
.
12 MonthsJEndcd Jan, 3It-, *
*
„
1946
1945
*
Investment securities: (current.,value.based on. last sale or quoted bid .- i-'
Mr. Slater expressed.the opinion.that the delay would give the ComOperating revenuesAtl-—$16,435;847;:^$15,371,673;
price, $12,780,847),. $8,122,886;,vstock of investment company of Amer.t
mission time to study the new proposals and would,-in the long run
operation
7,026,075, -6,177,153
shorterf the proceedings.
'
..
Maintenance^
J
,_;i
'
■« 774,97V^''
460.782/!' ica?(68;299;/shares-*-35.8% of. total* outstanding);; $894,219; stock of
The present plan involves liquidation/byvan.lexqhange/of rstQCk/in//^ General taxes
;
l
r
938,639:/ -913,498
Pacific Capita/Corp;.; (4,OOO^^hares), $336,000/ deferred.charges, $5,- ,
the/Northern States/PoweiL.Cp,. (Minn,J. foj„stOck..in-„ the Delaware,
Pederal and State'taxes on-Income——
-2,777,550.? 2,900*000.. -500,' total,, $12,496,557.
'
'
.
acted on
He
motion of Harry Slater,, attorney,
a
approved a proposed plan for .liquidation./Since
last October,
Retirement
corporation.
he
Slater-said
Mr,
believed
all,
including
objected to the proposal.—V.
agreeable; to
in
result
163,. p,. 1288.,,
a
who.
cominQn:..sto.ckhoJdex§
some...
.,
might
study
further
plan
have
(net
Other .income
?
^
.
•_
'i'li
-
'i!0
■-).*'
732,207
672,278
deductions
Income
mechanical. reasons it is not alwayt
companies in exact alphabetical
However, they are always as near alphabetical
$13,056; other current liabilities,
preferred
$1.50, cumulative
stock
parG '
($5
-
giisms
992,
ayiJ
p
NOTE—-For
possible
order.
to
position as
Net
arrange
po^ijbfle^ "
Preferred: stock dividend
$2,316,100
requirements
$2,431,571
$1,975,705
:
Pantex
455,866
for
Balance
—V.
(&.,SubSr) —Earns.,..
1945 .A-/-/'.'1944
Northern, States Power Co., (Del.)
163,
stock-
common
See pantex
,
r /
'
Opera ting;.revenues:
Operation
Maintenance
Depreciation
I.—
Falls, R.
Central
Corp,,
Preferred Div.
Pressing Machine; Inc. below.
908.
p.
Old. Colony
Pressing
Pantex
Insurance Co.—$5 Distribution
Inc.—Reorganized—New
Machine,
.
Company Formed—
'
December 31—
ended
Years
Manufactuting
Succesor in Reorganization—Pays Initial
° ^
/
,
$2,743,600 '
427,500 :
income
•
.
$1,024,199; common stock (10 cents par)/$133,850; capital surplus,
$4,i06,237//earned/surplus, ,$2,433,887; total/ $12,496,557^V.161r
,;1S11TO
$3A15,879 ,;$3,163,779
Gros?. income^
$2,353^900;
par, $1001,
;
,
'
.
LIABILITIES—Federal income taxes,
$11;427;: Note payable to Chase National Bank, New York, $2,400,000;>
j5)50 cumulative convertible prior preferred stock (23,539 " shares,
*
««Q07^trifi^dKn
V/
-
income..--^.--—$3,439,97-. ;$?,16o,460
/ operating
?
1,754,778
1,528,638
accruals
reserve
TTf-
!
;
The directors on March 12 declared the .regular .quarterly: dividend1
Pursuant to plan of reorganization declared operative on Nov. 23,
$53,086,849 $49,059,923-1 of
$5 per' shard, payable April l: to holders .of record. March 20.
This
,18,232,847/; 16,475;086; / is at the same rate as previously paid.
1945, the primary purpose of which was to eliminate dividend arrearA special of $15 per share was
cumulative preferred
'<■*. 3,105,829
2,566,482/
iaid on Dec. 24,.last, and on Dec. 23,. 1944,—V./162, p. 2950,,t
'./
ages on the 13.909.,outstanding shares of $6/cumulative preferred ,
also paid
,5,065,000
4,800,000
:
:
,
stock*/no par value,; which amounted, to $30.lper share, or $417,270, as,5,939,578
5,586,992
in Industries
of-june,30,.,.1945, Pantex Manufacturing.Corp. was organized in
Olin Industries, Inc.*—Declares Usual Dividends—
3,241,500
3,258,219
.
.
,
ware with an authorized capitalization of 27.818 shares of $1.50 cumuauthorized capitalization of
/■
It was announced on March 13 that the directors have declared
lativo preferred stock* par $25, and 100,000 shares of commoq stock,
3,431,480 ■ 5,743,034-;,
335,100 5 / 521,500 % the usual quarterly cash dividend of $1 per-share on the \'k preferred
stock/par $100, payable March 30 to holders of record March 18, and
Under the Plan aB of the $1.50 new preferred stock and 70,730.7
f
- ,
-
.
'
Taxes
than income)
Provision for Federal income
Dela-
(other
Provision
for
Fed,
Provision for
Net
operating
Other
taxes_.
.
income
-
•
,...
-
—
.
.
profits tax.
excess
of
share
Amortiz.
of
,
subsidiary
Interest
of
fia;ed
sundry
exp,
assets
sajes .of., capital .stock
on
of.
69,900
income
r
Earned
Total
Earned surplus,
♦Amount
1288.
Net
from
Net
ry.
Cr7f53l-
Dec. 31
^
Northwestern
from
'
^
,
'
1946,
1
$339:653
railway-
'
1945'
$547:008 ' :
.
1944
♦164,863 ///: 90,576 /
,
"14,280
1943t
\
/$424,654 ;
;
108,905
60,132
;
BANKS
ACCOUNT
INCOME
AND
,
■
COMPANIES)
1945^
1944
/
(INCL.
17,883
28,804
1943
Total earnings from,, current oper. $21,453,092 $18,998,638 $16,796,053
Total expenses Thick. taxesl___—__.
15,741,663
earnings from current. oper,^r
$5*711,429
$5^72,114
—1/
1,216,288
252,712
271,180
$6,927,717
$5,524,826
$5,036,308
charge-offs
and
027,377;/
:■
^81
84,974-
•
Z 42,000
'
dawns
.;
206,761
,
1,703,676
141,052:
income .for year„.
$4,774,480
Pacific- Coast Co. (&
of
enues
1,485,910
118,112
$3,680,098
Cost
of
931,060
;..
//V/Z"
products
from
and
other
goods
Subs*)- -Earnings-
:■////■■/■/:
merchandise
1945
and
.
Bancorp._
(Company
775,893
1,086,237
Gross
DEC. 31
$4,644,096
$4,729,307
4,247,049
operations.—
sold,
4,082,807
operating .expenses, depre¬
depletion
taxes.
and
income—
$646,500
$397,047
;
Interest (net).
66,505
57,619
adjustments^
None
75,000
normal and surtax
119,000
156,000
Cr50,053
Fed.
and
taxes
on
postwar
inc.,
Excess
$1,333,632
142,983
$1,537,283
5,173,323
for
other
conting.
profits, carrybacks and pr. yrs' adjusts.
Minority share Pacific Coast Cement Corp,
1944/
132,010
for
ProV.
$1,669,293
incj. prov. for taxes (net).
$1,190,649
.
/'.•*•
Crl2,535
-
*
7,321
-
7,866
..
Surplus and other adjustments:
Net'. income
Operations of affiliates (excl. minor, interests)
Profit before surplus and other adjustments—
4,152,267
Difference, between
bonds
income
retired
par; yajue. and
cost-
$353,664.
$263,160
of
129
29,601
—
'
Total
—
for
and, write-downs—..,.
year.
Dividends paid
$6,710,606
1,936,126,
$4*774,480
1,086,237.
Abandonment of
$5,342,916
1,662,818
Miscellaneous
Net "results
$3,680,098
931,060
:
/
/
; v
/
Pennsylvania
/
-
,•
:
.
/
■■■
■/•■■■■■
L
i
}
1
.
,
Edison/ CQ.-rr-DividendS;
■
..
/
1
'
Authorized-rt- Z-ZZ/ Z
a
•
*
„'_
_
The Securities, and Exchange Commission has authorized) for payment on April 1, 1946, the regular quarterly/dividends of $1.25:per,
share en the $5-series preferred stock;.and-,7°Jeto
15, 1946.
Said $5
/
profit./—
and
Prov.
Only)
1945 /
Net
,
west-east flights were
of seats daily
Donovan, 'nylce*.;
-
>
'■>
t
,•
i
at Philadelphia. . / '
•
.
' .
.
/.
series preferred stock and $2.80 series preferred
'/
stock were
dividends . on,,the. New: York> Curb Exchange
/•/•;
159. p. ..2455...
Z"•
1944/
rev¬
"
for pharge-offs
//"•//'/
restriction/ on - air- travel,
wartime
Pennsylvania
with
SEC—
Electric. Co.—Joint Merger
Plan:FiledV:
z:z;/y'j.::///z.V;-^^
and the Pennsylvania Edison Co., subsidiaries of Gen¬
Utilities Corp.. filed March 11 with the SEC a joint appll-r/
cation proposing a recapitalization plan, for Pennsylvania Electric Co.,/
under; which Pennsylvania Edison, would be-,merged into Pennsylvania
ElcQt/i'ic* *
'
'
t
,,
!
,
■" ,t : ''', ■' ,z .
As the initial step in ttye plan Pennsylvania Electric would purchase jPennsylvania
Edison's assets' for $4?,451,40Q/.and,, acquire certain /,
liabilities.';
/
To obtain the funds with which to acquire the assets of Pennsy)-/
vania Edison* Pennsylvania Electric would sell at competitive bidding
$23,500,000 : of first mortgage bonds, due in 1976, and .101,000' shares /
of
cumulative preferred stock> Series C.
In addition the company
%
would sell privately to banks $5,000,000 of 10-year serial.notes having,
an annual interest rate of not more Mian 2%.
"Z/;,
Z / .
The:,companYi also would obtain $3,851,000. from the sale 0/68,843 /
additional shares of Pennsylvania Electric's commoii;Stqc^f|(par . $20)/to , •
its parent,
AssQciated...Electric Co., and from Pennsylvania Electric's '/
The,.company
eral public
"Bond
Prov.
Wartime Re-
by>aii-/virtually; at will.. /::; Ending; on Feb. 15, of the; ODT ,
to travel
quoted "ex'V the abpve
on
March 13. I946.r-V.
$3,432,226
INCOME ACCOUNT FOR YEAR ENDED
Oper. exps.,
of . the: last
lifting
the
With
•
—
'thrqughout the Midwest/East and South.—V, 163, p, .658.
884r;r:Z;/-);/!ZZzz/:Z}/;//■-->
Calendar Years—
Sales
1,946,476
Northwest
r
,
olftollof;fliif4orapaij«^
•
^
(30,000, shares at stated value), $240,000; common stock 150,828 shares
at stated value), $102,761; capital surplus (after depreciation provided
ciation,
Total
strictions Lifted—
$84,075*
'
-V.
■
■
>
Mos.—1045,.
$37,040,045 $33,893,956 $73,941,153 $70,218,519
Penrisylvajiia-Central.Airlines Corp.
$142'ooo
•
1946—2
—V- 163> p- 1032'
-—-—
"$159,684/
shares^
Increased 9.28%-
1946—Month—1945
•/;Sales
443
LIABILITIES—Accounts - payable and accrued expenses, $222,58$/ ,
dividends payable, $21,000; reserve for income and excess profits taxes, . ;
/est.)* $27,233; customers' deposits refundable on return of containers^
$209,002;, funded debt^ $1,400,000; minority interest in capital stock
/
and surplus of Charles Gurd Sc Co., Ltd^f $430,801;"! preference stock
/
$4*765„128.;
write-
Minprity lnterest-
by
/
2651.
p.
ASSETS-rCash on hand and |n banks, $3)1,412; Dominion, of Canada Z order, under which,,70% of,■•passenger, space on
. .
bonds, at cost, $50,000; accounts receivable-(after" reserve .of $9,336),^.
v.allocated, to • military, personnel, will provide hundred?
*
$76,465/ recoverable income and*excess profits taxes, $27,377/ invejn^/Z throughout the
PCA . .system, accordi.P^jto
O
, ^
tories, $276,755/advertising and other supplies,, prepaid expenses, etcZ-./Frestderit.u
;
", . »
,•
•
" ■
" "v»
Z
$95,030;.. cash surrender value of life insurance/ $27,026; containers
' • "Not only will ' this order give; us„ more* seats," he said,, "but ■ we v" >
on hand
and with customers,/at. cost, less amounts written off,; $452,-. -/are'gaining considerable relief, through, the addition to the Capitalined
273/land, buildings,, machinery
and .equipment (after ..reserve
for
fleet of the 56rpassenger;ships,Z//Z'>>''":/■/"ZY//Z/Z///Z'
depreciation, of, $9il,872JV $1,412,609; other/ assets, " $210,890/ total,/.
• Mr/ O'Donovan said, the lifting of the last restriction will be re--'
^
$2,939,838. '.
*
'
fleeted
throughout/the: PCA/system which/links : nearly 50 -cities
//-V. 161/ P.
paid
160,
Period End- Feb, 28—>
•
:?n_a,,p;eciation of fixed asset, during the .urrent fiscai year amountZ'/ing .to $11,985), $U8,772/ earned,surplus, $117,684; total, $2,939,838.
13,726,524; 12,030,925
Total
Divs.
1945.—V.
(J. C.) Penney Co.—February Sales
.
•'//
/
v
Earnings from current operations— $16,659,139 $14,303,679 $12,403,523-:
"
"■
'
4,793,953
4/694,959/ 4,392,530
securities sold—.
I
,
nfh"
Consolidated net
24.
>
,
,
Other earnings-
for
Dec.
,r
$1.50
new
.
CONSOLIDATED
AFFILIATED
ProV.
$73,531
,
quarterly dividend of .37% cents per share was paid on
preferred stock on Jan. 2, 1946 to holders of record-
initial
An
profits
_
657/
Years Ended Dec. 31—
.
excess
surplus at-end of year
___________
$117,684 .
CONSOLIDATED BALANCE SHEET, OCT. 31, 1945
.
-
■
$447,028
06,379
131,657/
♦102,680'
oper.
on
and
$74,710
Total surplus
/;/
Dividends on preference
Northwest Bancorporation—Annual Report—
Net
rights thereon, will terminate.
1,688
Net profit for year
Previous surplus
reduction due to bond refunding.—V. 163,
,
■)
*• "'
t" - 1
s
r
i' w
r5
Pdcific-RR.—Earnings—-
income
♦Deficit —V. 163,..p.
Profit
18,465
$94,020
income
Dominion
for
,
.
;Z
/-.'
railway^,
COMPARATIVE
or
the
Net profit
Z
,
•
67,061
46,381
f'
represented by scrip certificates which remain outstanding; ',
after July 1, 1946> may be sold, and proceeds thereof held for /;
pro. rata distribution to holders of said scrip./Scrip not exchange or %
$ surrendederd for cash before Jan. 1, 1952, shall become void and ftli\.;,v' '•
$160,746
;
110,033
Cr85,211
.$7.296,218„,S6,685,322
-
/
■
$250,433
t
t
Shares
* 8,850
101.475
—
—
t
>'
>
^
■
,
,
fZZZZ
(par
Providence, R, I„ was exchange agenk
$151,895
.
2,043.601.
2,045,599
//1,756,489//1,756,301
equivalent to tax
A
January-- /;
Gross
$148,058
stock
common
were
.Oct. 31, '45 Oct. 25, *44
$11,090,775 $10,402,214
surplus:
Div?. on 1% preferred
Div?. on 6'/a preferred
Miscellaneous direct, items
P,
.1
estimated
Minority interest
/Income tax recoverable^-
5.817.482:
6,685,322.,
>
surplus
■
taxes,
$4,584,731
$4,405,452
■
•
SI Iof the old 'company. Scrip certificates
issued in lieu of fractional shares. • The Providence;,National Bank/
each
on
Prov.
Net
■
Provis. for .depreciation, of fixed1 assets.
/Interest, discount and exchange-.—
Organization expenses written off-
145,316-
$5,836,657.? $6,015,936
1,431,205 ,r, 1,431.205 .v/
interest.
•
_
Total 'income
Cr48,826
I
!■ y 205,632
"Special amortization,of debt discount and exp*
3.643,500;
Balance
•
,
56.600
i
Cri2,316v
—
Miscellaneous deductions;
Subsidiary dividends and minority
,
profit
Other, income
./•
construction—
to
Years Ended—
Net. operating
-
company
charged
Ltd^.f&.EubsJr—Earnings-
Orange Crush
497,334
.242,368
41,842.
interest
.Z
$6
for
company
long-term debt-,
Amortiz. of debt discount and.,.expense
Other
Z
I /,
of $1.50
two. shares
on
Amortization
/
the stock
income-
(net);
Gross, income;
Interest
...
Js
'■
State income taxes.
.
-V. 162,
p.
railroad
items
for
2950.
branch line
(net)—
the
period.
Drl59.333
—
45,639
37,7.18
$338,400
$232,178
,
treasury/
'•
'•/■-■•'
: ■"
_
•//""'":
/
.Volume Kj3*
Pennsylvania
-assets
to
Number 4473
Edison
the
use
from
proceeds
the
sale
of
its
such
at the call price of 104 its $27,875,000 of first, mort¬
and to retire its 123,466 shares of $5 cumulative preferred
84,029 shares of $2.80 cumulative preferred soma ui men-
retire
stock
and
respective
Edison
liquidation
values
would then be
The application
Pennsylvania
vania
Electric
Electric
of
and
$50
share..'
a
utilized,
would
result
in
Pennsylvania
.
already
single
a
integrated
1
A
.
(
>de.ve.lo.ped. by
The
present participating preferred stock will be redesignated as
automatically become special preferred stock.
It will continue to
entitled, but subject to the prior rights of the new convertible
•prior preferred stock, to receive all unpaid accumulated dividends in
.and
arrears (which amounted to $16.70 per share on Feb. 1, 1946, after
,*lbe payment of a dividend of 2Q cents per share thereon on that date)
-and- to cumulative dividends at the rate of $1.20 per share per annum,
.and t° $18 Per share PJVS all; unpaid, dividends accumulated and
accrued thereon upon the liquidation, dissolution or winding rnp of the
-corporation before, any dividend is paid or distribution made _on the
...
and lightweight "suitcase-type"
that a television, crew can carry their
operating, in a few-minutes, has been
the Philco Television Engineering .Laboratories, it was
Feb, 24 by. Frank J. Bingley, Chief Television Engineer
77,'7
7
television
35-pound
new
of
recent
...be
camera
control, equipment, so desigend
vlstudio, with them aucl; have it,
Peerless Casualty Co—Registers With SECThe
v
,
■f;-
'-!/
;
the participating preferred stock paid on Aug. 1, 1944,
of 20 cents per
share paid quarterly thereafter, the
which was paid on Feb. 1, 1946, cumulative dividends
-on the preferred stock have been in arrears since 1931.
No dividend
has ever been paid on the shares of common stock of the corporation.
on
dividends
most
^•Engineers Develop New "Suitcase Type" Lightweight
.Television Camera and 7*,- -- -r-—.,. UnitsStudio —,,,
^
—-jr
system.—V. 162,
share,
-six
reliable
the
ownership, by Pennsyl¬
interconnected with it and the two
would constitute
?;
be
1435
pef
of
new
under all
v;;;-. •',>
•,» "Possible uses of
this Philco mobile radio-telephone equipment are
so
great that its manufacture and sale should result in substantial
additional business for this ^corporation In ' the next few years."—
-
,.
the
radio-telephone service will
•;Weather conditions. •: > •
,K.*:
v*"1*•'•
acquisition of Pennsylvania Edison's assets
facilities
systems' together
p. 991.* • •
$75
of
dissolved.
said the
farms, ranches, mines and logging camps, without
telephone poles and 'wires.
Since PM
radio
is
distant
as
installation
the
bonds,
gage
by
would
THE COMMERCIAL & FINANCIAL CHRONICLE
'
;
March 8 filed a registration statement with the
/. announced
on
50,000 shares common stock (par $5).
e,
7 of Philco.
common stock. :.vIt will no longer be entitled to. receive or .participate
The company is-,
offering the 50,000 shares of common to its 00m"A unique feature of this, new equipment/'"Mr7Bingley
explained,
any additional -dividends ,-or • in any additional
upon
„mon /.tqckholders in the ratio of live additional shares for each, 11
./"is that
several
television cameras can. easily 4 be operated from a
,
Uquxdation, dissolution .or.winding up. It will have full voting rights.,
J'' shares held, at $14 per share.
The unsubscribed shares will be sold/
'■
single, portable master control unit. V;,:
-./Y 7
7" * * 7 "
"■/ '' 'The presfiht common stock Will automatically become new common
«'
"to underwriters and sold to the
public at $14 per share.
V J y::V
frf "With a total of onfy 14 portable* units—including three television v
The authorized number of shares will be increased
The net proceeds will be used for the purchase-of securities' in the
'cameras—none larger
than a-good-sized suitcase, it is possible ta • ~ivThe • common stock will have full voting rights.
market, and will go
into the company's investment portfoliq.
televise outdoor or indoor sqenes with excellent results."
' '
'7,
Certificates of participating preferred stock should not be forThe par value of the shares sold will be credited to
capital account
i_.
'
-•
: :
V %»• *j
r v ■
-warded for exchange until after the corporation has notified stackand the balance to
How airborne radar was used in Allied bombers to crush the Luft——
paid-in surplus.
The proposed increase in capital >
holders that the plan of reorganization, including the exchange offer,
and
paid-in surplus will enable the company to qualify to take on
,v;affe and bomb. Nazi industry into'extinction, to sink U-boats and
■Ms been approved by the stockholders of the corporation and author¬
additional lines of insurance and to absorb a larger volume of bjusiJapanese, shipping, to guide aircraft; on trans-oceanic-flights,. and tp
ized by the appropriate governmental authorities.
Thereafter cer¬
ness, of presently carried
distinguish the planes and ships of the United Nations from those
.lines.
4' •' v
tificates of participating preferred stock to be thus exchanged must
'--'t
Herrick. Waddell & Co., Inc., New York, heads the underwriting
( of ..the, enemy,
is told in detail for the first time, in the 32-page
be delivered
to
the corporation's transfer : agent, Bank of America
booklet "Radar on Wings," which has been sent to ail Philco stockgroup.—v, 158, p. 1673.
>/,/; .;,/
:• "■
-]<th Iff
National Trust & Savings Association, 300 Montgomery St., San Fran¬
holders, distributors and dealers by'John Baliantyne, President.
•
cisco, Calif., not later than 5 p.m. (PST), April 30, 1946, subject to
This first complete, story of airborne radar is illustrated with a
the right of the board of directors to extend such time in special
Pennsylvania Pow6r & Light Co.—Earnings—
large number of ^photographs' and drawings of operational and installa¬
cases as provided in the plan of reorganization.
.
I Period End. Dec. 31—^ ^ 1945—Month—1944 7 1945—12 Mos.—1944 • tion views that were
stamped "Secret'' until long after V-J Day
;
Operating revenues
$4,543,382
end can only now be released.
$4,507,952 $51(792,326 $50,944,521
'INCOME ACCOUNT FOR STATED PERIODS
),
;
Operating expenses
2,938,728 ; 2,258,789
28,103,998
26,814,22? • : r Over halL a million complete radar- equipments with a value of
-Years End. June 30Period—
'V-1.6 Mos. End.
Federal
taxes
194,000
568,721' *2,736,087
more
than
7,371,993
$250,060,000 were produced on Philca production lines
1944
1945
'/i.' Vl.-W •:v..//.'-i7/; :■Dec; 31. '45
Other taxes „:_"_„_:7. ' *
"132,929
' 7 93,327
01,473,649.
1,660,318
.during the war, according to the corporation's report on its war
$6,521,369
Sales
"' $3,771,881 ■ $6,951,824
Prop. ret. res. approp._
work.' This was the largest number of
est258,323
3il,667 ;",3,10d,000' ' 3f74o,000 '
of«radar* units manufactured by
2,506,921
'Cost of
2,682,015
SEC
company
on
for
"
].n
distribution
.
ltack-
,
'
to 500.000.
-
.
•
.
.
,
.
.
,
■
:■
.
•
.
-
,
,
0SM Amort.% of
acquis,
elec.
plant
/
*
adjust.
?,
;
•> ..
1,728,675
i„
*;
,
144.056
^
'
Net
operating
income
revs-
Int.
T-
■
'
income
mtge.
on
Int.
bonds—
int.
and
chgd.
to
^273,642
67,500
1172,509
,
82,773 /7
'3,283,700
' 1,282,500
*5,397,695
Crl,322
Crl"0,228
Net
Net
income
ni—:
$409,830
$724,624
$4,977,437
I
*
,
Balance
•In
connection
with
3,791,633
!
g
refinancing
of
'
.
.
'
"
,
andand
Navv."
Navy,"
Mr.
Mr.
:
'
.
-
.
$2,348,709
1,771,697
profit.
v
Operating.-expenses-'iii^ii
Bkllantyne
Baliantyne
npnvoointinn
1; Depreciation
nmnrtiznf,
unH
amortization—^
and
$4,014,448
$4,269,809
3,053,612
3,289,851
66,317
51,315,
19,103
.
?
.■/://-7;.,^',/;^
•'
k" ''.y'' 4
profit-——-!
Operating
Other
Total
.
•V-
•
.T
4.
rnt.inrt
The
.
the
me.
...
annonnp.pit
tVint.
corporation, announced
sale
aaec
ujt
oX
.
38,965
30,195
$557,330
$967,608
$924,714
327,000
702,100
675,40Q
■-
19,422
,
1
income
that
either preferred
exeaeJ, yrciereeu
hstvp
.
'
,v
henn
vp<-.
* Other
'
-
*
Net
marts
•
J-
income
*
117
90
$265,391
$249,224
7.71
1
/'
.
Including
in
7;:
1
-,
.-
BALANCE SHEET, DEC.
•
1944,
and
1945
30,
June
ended
years
$250,330
excess-profits taxes.
- -
Reports-on Production Situation—
(est.)
tax
^
profit
■!■■■'
or
ur. common
cuiuiuun
*
Fed.
JTCU.
expenses
^
plans, have yet been made fob.
stocksiuca.
There, are 1,372,143
inere
aat.
no
for
J.V;A
oProv>
'riuVi
.
t
nlons
nn
shares of,, common-:J stock held 'by the public,.
'
"
October
:
. the
the; same number of' shares of common stock
number of-'
of common
issued and owned by
the corporation,
and *dll
now...
now..,
$894,518
$928,643
$557,908
—-
Income—L
,
epresent
will- represent
%
eventually be. canceiledt
—
long-term'debt in*
the
production of airborne radar
and
States"Armv
States Army
1,423,172
J r /'
Gross
•
stock
$5,645,583 /
3,837,992
.
.
which.^are
:« j $1,185,804' " $1,807,591
r„
United
War»Secrets of Airborne Radar Equipment Revealed—
;
vr
...-
Dividends appiic. to preferred stocks for
period
the
the
0
1.239.203
Cr23,786
/■
for
for
.".l
said in an / accdmpanying note. fi"Airborne radar represented more
than
80%
oi /Philco's war vwork and- involved the exploration and
utilization- of: micro-waves and the ultra-high frequencies which now
hold such great promise foif our peacetime futured-'
<
"
*
■
-3(189(543
7 188,053
Cr4,217
eauiDment
equipment
$11,440,758 7?
106,8757; €1,198,500
■
construe.
%//
■■
$1,291,872 $14,739,389
232,500
deducts.
ufJl 89,478
16,424
..i»-
$878,122
debenture bonds
on
Other
3 a
$1,275,448 $14,649,911 $11,357,983 7/
$8751336
V .2,786
(net)___
'<
Gross
Int.
kes public for the first time the salient
Wings' makes oublic for thft first time the salient facts
-% about the corporation's development
'
Other
ori
'Radar
goods soidJ_'_-w»-v-*i—-i
-Sw
•v'any company.'
*
provision fox?
.•••,
31
,/
../-
.
•
banks, $368,607; accounts receivable
$25,937; inventories, at the lower of cos*
or
market;: $298,662; prepaid rent, insui*ance, taxes, etc., $42,249;
lease deposits and other, receivables, $86,112; postwar excess profits fax
1
ASSETS—Cash
and. in
hand
on
(after allowance far-losses),
prepayment fee and duplicate interest on the refunded debt less
amortized balance of premium realized at date of issuance thereof.
the
of
12 months
debt
with
wnn
ended
discount
$4 181700
$4,i8j,7oqf
reflected
come
in
Dec.
and
P11"®,.r"®f'd
un-
In
(incl.
expense
nff"iPtMnir
other interest
ih
and
non-recurring
|hq* yefinancingy<r*V* 183,
retarded
■
tries
■
The
is today.
charges arising in connection with'
erations
p. 784*/
"Due
or
Pennsylvania RR.—Declares $1 Dividend—
•lares
,
;
'
poration of the
-
holders ox
norners of
The
company.
record
recora at the close of
the
dividend
business
be
will
Demand
Orders
•
at
for
to
least
the
balance of
this
■»
A
'
■
•
■
'•
,
income
LIABILITIES—Federal
the
schedules
our
present .time
major drawback has
which
have: also
for.
fact
One
capital
price "7
that
of
series
the
flow
strikes
of; parts
'
Radio-Telephones—
*u
•
j.
,?./,''/7
•
;
•.,
deducting
(after
are.
nrcnimh
*
•
$40,442; paid-in surplus, $21,587;
I, 1944,,
:
earned surplus from Jan.
/..••/W
that all outstanding shares ot participating preunder the plan ot reorganization, the
exchanged
of
br
11
nen
would
1Q4S
be
follows" "
as
-
capital accounts as of Dec. 31, 1945, would be as xonows.
$573,892
■
92,269
Common stock (par Valiie 50 cents per share)A—
mil
Surplus arising from revaluation
40,442
—
669,514
•'
•
This
corporation plans to produce, and sell a
radio-telephone equipment to provide, dial
automobiles, trucks, buses and taxicabs. as well
,
i
:
—"*"•
None*
•
l946_.-_3>w_-t-^->r—
®arned surplus from Jan. 1,
complete line of
telephone service.
as police and fire:
mobile
in
..
payable
Convertible prior, pf4. stocks (par value $7.5Q per share)„
«
bn/UA-T/siawKAmnf
$221,588;
total; $1,781,532
'erred stock;
in
and
production."-
,
reduction surplus,
$358,611;
T-1"-'■ WW»-Aa«mta«
\
a
been
interrupted
called
the
is
1
taxes
Treasury* tax savings notes of $630,000), $57,060; accounts payable»
$188,420;" sales tax collections, $48,079; payroll tax collections, $72,658;
accrued liabilities, $39,206; participating preferred stock (84,985 shares'
ot no par value), $679,880; common stock (108,000 shares of no par
To Produce Automobile Radl
RadlO-Telephones-r-
:
1
at
mifor
serand
second
Philco
hampered
*
year.
$1,781,532..
,l
conditions/beyond the control of the management of this /;
single company,- our production--remains at an unsat-. # value),;. $54,000;.revaluation surplus,
suppliers'/plants
^
and trademarks, $1;. total,
any .other
auireinents
qui rem en is.
stock-
Match
March 23.
■
for
is'unprecedented, iti the history- of the
products was; never greater thau it
hand are sufficient to insure capacity op-,
on
bottlenecks
:
With the payment of this
dividend, 1946. will become-the 99th consecutive year in, which, the.
company. Will.have. pa}d a cash retuyn to; its
stockholders.
now
$23,924; equipment, leaseholds and improvements (after reserve
depreciation and amortization of $1,632,324), $736,041; goodwill
credit,
have
Philco
for
isfactory level and is much lower than
payable
corporation
present-; situation
_
y,;
this
of
a
A
corporation.
representing;
such
Maicn
p 5
opOrktions
sh
offsetting the satimntsd benefit nf these,deductions
estimated
of thp<^ rtpdnrtion«
lowered provision for taxes ori income charged to in¬
and charged earned, surplus with $1,267,914
aecoupt,
the
J.®?S .iTnal? taK
Lw
nnf^nv °nc,nrnpr durable goods
the reconversion of many consumer ?Uirnhl/ ?rnnri^inrins
mdus!«(.
deductions)'
ths
the
the balance of
®
?"Fo?!:tte ^st^veral weeS^
31, 1945, the company charged amortization
$1,376,108
—
----- —
163, p. 945,
Railway operating revenue
Railway, operating expenses;
f
manv-ofhpr
Net
:
,
1
from
revenue
Railway taxes
Unemployment
,
Railroad
insurance
retirement
Equipment
,
also
promises
to
quickly, and economical to many remote
taxes
rents
J*
CT61.206
.
83,131
—
217,353
PhilArt
Philco
189,823
»
.
.
bring
areas,
forJiew capital purposes. Company was formerly known
-d,.'
•
Television Station WPTZ Begins Telecasts Again with
New Facilities—
377.284
'
xne company has placed' privately through;the First.
•?°?t.on Corp. with certain institutions $2,0Q0,000 2%%
inking fund debentures due Feb. 1, 1966. Proceeds were.
developments in the field oV
L;/raajo-;telephope. system
$6,546,0421/
Tolovicinn
Television
Crutinn
"Station WBT7 fti-cf
WPTZ, first
i«
'
-
Pennsylvania Reading Seashore Lines—Earnings—
January—
.
Gross
*
1946
from
1945
1944
1943
$696,673
$660,312
$668 244
*175,188
*75,489
*52 408
*3 334
Net
*340,826
15
*255,280
*224 002
oper.
income—
"16,993
n6,993
i,boj
el*-*-
Period End. Feb. 28—
28?—
Net
*
*
_
S10£'
*150 413'
$3,194,830
1
4
j-
,
1
Peoples
1.1
r
o
&
1945,
The
xne
.
'
-r»
Power
^1-
*r%
operated
company
*
.
•
•
umn
plan
,
•
on
Dec.
7,
1945
voted
fjfl
Vfo'l4
T»
has announced that, holders of the preferred,
stnrts
Tn fill Pari
shmilrt
nn
Honnsit
T IvoQ
on/V
tbolr
r'ronHwm
AIb?%
class A,
twnWIUe
ylVfl
A
£''i;y ■ :T: J; ,:f
the
'
:
-•!
W
"g
^
,
V^ A
1R1^fe^ ?9SQ
?.tv/•
'
;L
i
t
;
ft
^^-the Ciorxespond;ingv^week: of 1945.--,v <•-/«'•••
.
oytstanding. partmipatxng preferred stock and ^common stock.
/
'
..
„
.
TTr,iV("■■■
•
The
1943
$95,654
$134,435
??
41,813
30,266
21,357
49,322
39,759
~
^
$143,260 // $116,358///■
•,posalb'CtoaS5iange
29,598
15,313:
23,245
■wi\
M
"
»
Plough,; presidem/;
~
Stock Split-Up—
March
on
i
12
m-oAMno?
announced
nn
the^commmx^^■stock^&S
.
,
Anril
216,lg,
Ufa,945
r
,
,
on
$627,018
,
16
that
,
to
*
,
-
stockholders;
.,
vote on
.
$5
par
$7.50 par value to $5 par
value and to issue one additional share for each two shares owned of
" record June 15. subject to approval by;the - SEC..
//!:,?
number 'of outstanding shares would be/increased from 300.000.
tQTf5e0ST^^
^increase in the amount of capital. The rate
"The
p*
option
new'preferred stock'would be convertible at the option of the holder
;vKfvinlp>Xhrefi' shares of
'
1>w.'v
J
"7V*. 163» P- 658<
'•
reclassifying the
,>
1,653
1946
January—;
ten shares of Albany
. ;
/ .;;.
interest in and-man-r^/'.piouffh Inc- -To Vote
w
.
14,911
Pittsburgh & West Virginia Ry.—Earnings—
1946
1945
1944
Gross frcm railway.^. •
$341,892
$629,595
$576,262
Net from railway—— *
12,947
226,784 - 179,762 ,,
Net ry. oper. income—
18,402
197,804
137,991
authorized
C0mpan¥ ^Ce^93a--V/t5^
'\V
' 7.*^"
—C]
Pig'll
■'
•
January—
.
SUeets^iladefD^ toj^rHvB+ho
^15th aud Ch€StThe corporation has called "a special meeting of stockholders to be
stock ^VWch^v^aJe^nmi^Sr^Mafh 18' 194S- to act upon a plan of reorganization, by creating:
Stock to ahich they are entitled under the
plan.~V. l63, p. 1164.
;
a new class of. coxxvertible prior preferred stock and
nut
-
J
*
-
—V. 163,'p. 638."
; aside for "exchange for stock of Albany River Gold Mines Ltd. /on the •-,J
.
*ur
The company
658.
p.
Net from railway—
Net ry. oper. income—
which went off the
increase
to
^
Hose
V.'
.
capital -stock from 3,000,000 shares td 3,500,000 shares, par $1. .OfCapi
the 500,000 additional shares, . approximately 136,000- shares- were set
Plan
r,
stockholders
,
''u.'ij
163,
_
Pittsburg & Shawmut RR.—-Earnings
sports
J
Pickle Qrow Gold Mines* Ltd.—Stock Increasedj Etc.—
.*
Ca.—Reorganization
.
ir;
..
for reorganization / oiii( the company (now Texas Public
reorgaiuzniion
of ine
(now^,,'i'exas
basis of one sharejDf Pickle-Crow^stock for ejach
ruonc
Rjver. stock
Service Co.). under the f •"""••'*
Utility Holding Company Ant: has. become efy
.b-u-.c>» lUver. stock held, Pickle Crow had a controlling
aged the' All
v-
-
other
and
a>5,3»i,jyo
the
Effective,
h«Reball
T—.....——
Ti
The
*
Deficit.—V.
_
jp
air temporarily to effect necessary technical changes, is now operatjog on the new Channel 3, 60-66 megacycles, assigned by the Federal'
stores.
in
'
from, railway
/:,
.
1943
$109,484"
88,836
7,591
,
evision
K. wks also pqintgd out that .the. Philco mobile television unit, which
unit, Which
televised,wres-tlinir hnxinsr ire hrifkpv during the past, six years,.
more■ than;•■■■■50b foqfcball gamea
win. inciuda
1
1946—2 Mos—1945
$2,ooa,ot>»
February, 1946 and February,
V. 163, p. 945.
■%•*,. 4,
Salqs—-
1946—Month*
1946—Month—1945*
sales
During
131
Net
' '
>
'Gross from railway—
Peoples Drug Stores, Inc.—Fe
reopies urug stores, Inc.—February
..
,:/
$118,564
%
163, p. 945.
ti«;««.
1944 *
1945
$99,945
°3,175
January
.,
*
$597,648
ry.
Earnings—
1946
$90 462
5 722
^wm charge of the corporation s hy. Ernest.. itaSs*W61
Nev7Wk(iuas ; annoiuxced- television Bv Lov.eman, ViceNet rv. ouexv incomeZZ»7,66I
President
-
railway.—
Net from railway
'Deficit.—V.
c
'' PittchHtr >
Pittsburg Shawmut & Northern RR^
'
•
Gross from railway
,
;
•■t'r t^1*
!
-Bowes Postage Meter Co.—V. 162, p. 2684.
Pitney-Bo
as
Philortnlnhfo
Philadelphia, returned Atl
to
the air on March 8 on a nem
frequency, channel with plans for a"1
greater variety, of telecasts than ever befox-e, including studio proRrams. remote/pick-dps.of sports, and ;news events,. and relay, tele.-.
in
Bowes, Inc.—Debentures Placed Privately—
—tf
u
^
railway operations
....
common .stock.:
'
•'
Portl?^ Electric Power Co.—Hearing On Sale Apr.16
PJiUadelpbia National Insurance Co.-^-35-Cent Div.0f»
pa»tteiPaWn8 preferred stock- and- of >; % ,udge i A Fee of'the Federal District Court at Portland, Ore. has
^ two-thiids of the common stock outstanding voting by classes.
If the -^ set a. hearing April. 16 on the possible sale of company's assets.
The directors on March 8 declared a
regular semi-annual dividend \/ pjan of reorganization i*.
approved, '.holders of participating preferred
At a hearing March 11 Judge Fee refused to consider any offers toof 33 cents per share on. the capital
f"Portland Traction Co.
stock, par $10, payable' April} ' stock (stated; value $8 per share) will have the
right to exchange the
15 to holders of record March 22.
buy either the company's interurban lines or the Portland Traction
Payments last. year.
were-/as./fol-'.jv|;;s^met; together with; accrued dividends, for orie share of new con-/ subsidiary, which operates in Portland. He ruled that any hew offers
lows: April 16, a semi-annual of 30
cents, and Oct. 13 a semi-annual
/vertibsle. prior preferred stock ($7.5(1 par value)" and one share of
or
modification of present offers must, be filed With the court by
©X 35 cents and an extra of 5 cents.—'V.
162, p. 1398.
Y '
common stock (50 cents
par value).? The plan will not become finally
April 7.
.'-i
' ' V ''•■
effective unless at least 75%
of the outstanding participating pre-j
Two offers, already have been
made for the subsidiaries, one by
j Philco Corp.—Plans to Create New B and Preferred: ferred stock is exchanged.
j
Manning Transportation Corp.," made up of officials of Pacific City
■The unpaid accumulated dividends on the
Stocks-—
Lines, Oakland, Calif.
This offer amounts to $7,100,000 and provides
participating; preferred
!''■:•
'
•
'
V
<
1
s^ock aggrega^te $16.70 per share.
/•
^
that the corporation assume all taxes.
A previous offer of Portland
r.,: .1
:
;
The stockholders at the
annual meeting to be held
Stockholders are advised that the hoard of. directors believes that
May 17 will ?
Transit Co., made up of San Francisco individuals, calls for payment
vote on increasing the authorized capital stock from
2,000,000 shares
consummation of the plan o.f reorganization should greatly improve the
of $7,500,000 but contains
clauses which would indemnify the com¬
of common stock to a
total of 3,370,057 shares,
credit of the corporation-, permit the
consisting; of 250,000
pany for taxes.
Judge Fee has. stated that the court "never will pass
payment of regular dividends on ;
chares of $100 par value preferred stock, 2,500,000 shares of $3
all preferred stock and place the
pat '
on any tax contingencies.
People who buy will have to take care of
corporation in a position in which it
\alue common
Approval of the
plan of reorganization
requires the
affirmative vote-
,
'
ft
•
:
ivv.-4v.-y-,...,
—-i—
u„or
r-
n,
■
;
■
,
-
.
••
stock, and 620,057 shares of $3 par value "B" stock.
Baliantyne, .'President, in ' a
formal ' notice
to
stockholders,
that the purpose of the changes is to make it
possible*
secure by
the sale of preferred or common stock such additional
,
,
i1 John
announced
to
permanent
capital
as
may
be
irigeration, 'home freezer," and
required
air
in
the
radio,
television,
conditioning industries.
The
re-..f
"B"
Will
be
abie
publicly
to
sell
shares
.
of
the
new
preferred
-
'
.
stock
or
stock in order to. provide^ additional working capital.
present capitalization of "the corporation consists of 200,000 "
authorized shares of. pairticipating preferred stock of which 76,519
common,
tThe
are
outstanding
which
108,000
and
are
200.000
authorized
outstanding.
Except
shares
of
for
dividend
a
common
of
stock of
4Q cents
-
that," he said.
Meanwhile he set March 27 for a hearing on any
exceptions to the recommendation last week by Estes Snedecor, special
that the second alternative amended plan for re¬
m'aster of the court,
organization of Portland Electric Power Co., as approved by the
curities and Exchange Commission, be accepted by the court.—V.
P, 784,
/
..'■:/,
Se¬
163,
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 18, 1946
Public
Electric
ration
4
Utility Engineering & Service Corp.—Output—
output
for
the
compared
as
year,
of
the
week
with-
March
kwh.
decrease of 3.4%.—V.
a
companies
operating
ended
188,523,000
by-this
served
corpo¬
9, 1946, totaled 182,105,000 kwh.,
for the corresponding week last
163,
1289.
p.
;
'
'
v
•
Pratt's Fresh Frozen Foods, Inc.—Transfer Agent—
\
The
Chase
National
Bank
of
the
of
City
York
New
has
been
ap¬
pointed transfer agent of the common stock, $1 par value, and of stock
purchase warrants for common stock.
:
Y
The Manufacturers Trust Co.
registrar for the
fering in V.
issue of
new
163,
New
of
York, N. Y„ has been appointed
common
1289.
p.
of $1 par value.
stack
'Y
'
;''-YY-'Y'';
>
See ot-
:;Y
Y
>■'■< ■'
(G, E.) Prentice Mfg. Co.—Group Insurance—
V
This
in
one
makers of slide
fasteners, of Kensington, Conn., has
insurance program which enlarges the
personnel with three-way security. - " '
is being underwritten by the Metropolitan Life Insurance
company,
adopted
augmented
an
effect
and
group
provides
its
The plan
Co., whereby the employees contribute fixed amounts and the employer
bears
the
balance
of
the
entire
cost.—V.
net
161,
772.
p.
Pressed Steel Car Co., Inc.—New Distributors—
This company has appointed Bickford Brothers Co., Rochester, N. Y.,
handle distribution of Presteline major home appliances.
The new
to
distributor
will cover the upper New York State area for thfe domestic
appliance division of the company—V. 163, p. 468.
Public
Service Co. of Indiana, Inc.—Definitive Bonds
:■} Definitive first
mortgage 3Va%
bonds, series P,
due Bept.
1,
1975,
are
now exchangeable for temporary bonds at the First National Bank
Chicago, trustee, or at the Bankers Trust Co., 16 Wall St., New
.York, N. Y.—V. 162, p. 3198. >
of
Quaker. State.Oil Refining Corp. (& Subs.)—Earnings
V
Years Ended Dec. 31—
■f
Net
sales
Cost
of
(excl.
sales
of
•
inter-company
(excl.
of
-
Other
profit—
income-
Total
3,983,225
3,529,332
$5,509,383
—:
97,483
$4,913,104
159,113
and
Federal
2,373,619
-—
surtax___-_^u-^_*
—730,775
748,808
tax (after deduction of
;
credit)
1,166,600;Y, 1,467,450
and
postwar contingencies—
;/102,000
,
$1,245,07l
'$1,151,783
$1.34
i__
I
:;:Y $1.24
share___^__—>
per
91,375
;
and
profit™
Earnings
90,800
_
profits
excess
postwar refund
Provision for war
Net
$5,072,217
1,510,808
$5,606,866
depletion
tax
Federal income
>
_n
__
income™
Depreciation
States income
1944
,
Selling, admin, and general expenses
Gross
1945
,
sales)--™ $31,169,105 830,783,442
1;~ 21,676,496 22,341,206
depreciation)
V NOTE—No provision has been made for renegotiation of Government
contracts but it is believed that amounts to be refunded if any will
not be material.—V. 162, p. 2519.
,
Y
,,
Gross operating income
Y_
Costs, operating, selling and general expenses—
,
.
_
Prov.
for
Quebec Power Co.—Plans to Refund 4% Bonds—
.
deprec.
&
(incl.
depl.
lease
bonuses
has applied to the Quebec Public Service Board toreY
prior to maturity its outstanding $11,855,000 of first mortgage
bonds, series C, due 8ept. 1, 1962, at 102V* and accrued interest;
Funds required for the redemption will be provided by the issue of a
like amount of 3% first mortgage bonds, series E, to mature on thp
same date.—V. 162, p. 3080.
The company
:
Taxes
Federal taxes
(other than
income)
on
deem
—
4%
Operating income
Other
■
income
; ; Total
Cash
YY-
on
Loss
disposition of capital assets, etc.
on
serial notes,
for Federal
I .413,975
taxes
income__
/
amortization of war-plant facilities-.
inc. tax refund applic. to prior years
resulting
>
Provision
Income
from
for
accelerated
war-created
•
emergencies--.^—--
•
445,561
3,908,657
3,981,061
.,$2.64
___
$3.13
.
of
BALANCE
$177,000)
of
$HEET DEC,
$4,194,038.
13 yearjs
1944
U.
^ Total
YYYYY-YYYYY ■ ^ 23,052,679 ; 15,927,437
Government
S.
and
Inventories
securities,
at cost
I-——-.
9,037,655
receivable ; (net)—12,970,318
notes
125,619,560
Net
1,912,000
etc
-
• <
notes
within
due
payable,
for Fed.
Prov.
Purchase
Adv.
*.
taxes
U.
notes,
S.
due
on
sales'
1965—
■
of
5%
6%.
for
Y.
contingencies—
interests
surplus
Common
Paid-in
Earned
stock__
1,695,961
1,000,000
'
•
.
2,536,388 1
.
.
2,603,744
^4,243,400
YY———
28,299,700
stock (3,982,031 shares no
par)39,820,310
surplus —Y-YiY—i 19,038,823
39,820.310
___
surplus
7 1 Total
—V. 162, p.' 1325.
L
_
YY-'tV.
■
\
-
53,055,262
19,038,823
48,774.197
YYY<
.
939,307
$0.50
31, 1946, shows current
liabilities of $2,552,058, a
;
',»•'*>
'
"
Edward Bartsch, President, points out that operating results, particu¬
larly for the third quarter, were affected by the increased cost of wood,
an
unusual amount of maintenance work which had been: postponed
consolidated
sheet
balance
as
at
Jan,
,
l .JY
'■
,
war period, and non-recurring expenses in connection with
Shelton, Wash;, mill which was reopened during the last quarter.as by further wage Increases granted during that quarter.
In
his rietter
accompanying the
report, Mr.: Bartsch states that price
increases
on
the company's dissolving pulps were approved by the
*
OPA
but did not become effective until Jan. 17, 1946, so that very'
>
well
the period ended .V'r^y
.:
J'
YYYYY
elected to write off the remaining
bqok value of plant facilities constructed during the war period under'- Y
certificates of necessity.
The amount of write-off applicable to this^
&
election
approximates $178,000 after provision for taxes, but effect. YYYfe.
will not be given to this write-off prior to the statement for the fiscal,
Y
year ending April 30,
1946, which statement is expected to reflectY^Y^Y
claims
for refunds
arising from unused excess profits tax 'credits;"■'YY V
equal at least to the aforementioned write-off.—V. 162, p. 2823.
4
' y
,
benefit
little
Jan.
210,851,792 203,556,670
^
$1,420,261
939,307
Nil
„
31.
was
that
the
from
company
—To Build New Plant—
'The
acre
this source during
has
company
site
V
Electric & Engineering Co., Cleveland, Ohio:"
Reliance
.
realized
-
adds
He
;
'
stock___
of $9,992,125, compared with current
current'ratio of 3.92to 1,
/,Y
■ .
»,
t
as
; „—
2,415,806
k
3,400,000
Y
_____:Y_——Y
preferred
t*
-
the
486,984
'
-
893,394
:
:
in capital stock and
subsidiaries
2,870,992
cumulative preferred stocks YYYYYiYY'-44,243,400
cumulative
1
during the
482,456
29,800,000
purchase obligations, etc.———
Res, for replacement of equipment
Minority
/ '
contrY
:
Deferred
Reserve
135,099
.
1947 to
______
2,002,923
,
<net)_—
Govt, agency
YYY
assets
11,832,237
977.168
1,726,923
158,961
553,043
„
obligations
from
Serial
1,200,000
11,302,158
year
1„
•
income
' '
$916,997
Consolidated net proflt_
paid, preferred stock.
,
Earned per share on common
.
etc
liabilities
Accrued
one
V
'
■.■■■:
Dividend payable Jan.
—
Dividends
210,851,792 203,556,670
Accounts
_Y__-'
profit from operations——
The
Serial
;;
12,745,678
r
Total
Y LIABILITIES—
1946
1945 '
197,725
196,568
198,609 .194,896,
—$3,342,189' $4,386,617
!—
1,811,745
1,383,029
'
613,447
1,583,327
production, tons
sales, tons—
Depreciation and depletion
Federal taxes on -income
1
13,252,516
24,633,543
13,943,587
Property, plant and equipment (net)—;
126,537,915 133,029,554
Prepaid and deferred charges—
887,986
858,032
Contracts, rights,- patents, • trade-marks, etc.—
1
1
-
Investments, advances,
,
_
as
Nine Months Ended Jan. 31—
,
Total
Accounts
mm
Ray oilier, Inc. (& Sub.)—Earnings—
31
1945
Cash'
\
Appointments—
Research Manager of the international banking firm
of Speyer As Co., and for eight years as President and director of the1
New York & Foreign Inverting Corp.—V. 163. p, 1201.
.
for
(after deducting postwar refund
tax
credit
debt retirement
CONSOLIDATED
_
400,551
2,985,803
,
Radio Corp. of America—New
George L. Artamonoff and Paul F. Schucker have been appointed
Deputy Managing Directors of the corporation's RCA' International
Division, it was announced on March 11 by Brigadier General David
Sarrtoff, President. • They will
serve
under Edwin Norman Clark,
Managing Director of the division.
Mr, Artamonoff was formerly President of Sears International, Inc.,/
a
subsidiary of Scars Roebuck & Co., Chicago.
Mr. Schucker served
1,000,000
,
3,060,437
*Includes Federal excess profits
^
______
$13,581,770 $16,392,178
Earned per common share
i
—
>
amortization— Cr2,715,512
dividends,
dividends
,<bf $289,004 .and
^:
v
Net income for the year—
Common
°7,558,906
5,443,000
applicable to minority interests
Preferred
25,351,635
2,748,748
:
Additional
Federal
•Y. ;'7 HOT E—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
\\^,v'y;Y'''">
420,231
19,503,567
income, etc—
on
on
374,004
,
YY110<4'3'
(net )Y,f',;'.'346,971Y/' *172,150
purch. obligations, etc._..'
Income before Federal taxes
Provision
26,008,262
.20,684,744
__
discounts allowed
Interest
'
'
will break ground
-.
.-.f
shortly for-a new plant on a ?5Y
Ohio,, it was announced
recently purchased in Ashtabula,
6 by J. W. Corey, President.
' |
'.
\
'
-One story in height, the new plant will contain 120,000 square■ *f^etM.v'Y;/of manufacturing area and employ approximately 500 people working1
•
on
two shifts.
The buUding itself, to be of the most modern con-,
structlon. will cost $750,000 and. with machinery and equipment-will;
represent a total investment of close to $1,500,000.
.
' - • \£ •VY.'/''
Work on the new project: will be started as quickly as possible, Mr.)
Corey indicated, and is expected to take the better part of a year..
When completed,
the new plant will be used lor' the production of
one to
15
hp. elettric motors and V-S drives, the latter a prewar,
;
development ot Reliance which has found increasingly wide appiica-'
on
March
tion
in
all
major industries.—-V.
The
company
30 000 shares
The
be
shares
to
163, p. 1202.
has
filed
a
registration
"
statement with the SEC for-
($100 par) cumulative convertible
($5 par) common stock./
Y
preferred jStock and
at their annual meeting
the creation of 60,000 shares of
company's stockholders,
asked
,,
Manufacturing Co.—Registers With SEC—
Reliance
110,000
.
...
v
£
March 19 will;
preferred and
(Continued on page 1479).^ -t<\n y?
;
authorize
.
Volume 163
Number'4473'
•.
.
THE COMMERCIAL & FINANCIAL CHRONICLE
•
.
Stock and Bond Sales
DAILY
NOTIOB—Cash and deterred delivery eel* ere disregarded In the
New York Stock
«»
WEEKLY
-
day*» range, vnleee they are the only traneaotlone of the day. Mo account la taken
of auoh ealee in oomputing the
range for the year.
United States Government Securities
Below
week.
we
furnish
a
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan
Figures after decimal point represent
Mar. 9
Dally Record of V. 8. Bond Prices
Treasury
one or more
Mar. 11
32d of
Mar. 13
Mar. 12
a
Mar. 14
1
Mar. 15
Dally Becord of
U.
8.
Bond
Prices
treasury
2
Mis,
Sept.,
1967-72
100.20
[Close
-
.•
'
V
104.30
104.27
104.30
104.30
104.28
104.30
5
6
12
7
Total sales In $1,000 units
[High
Low
j
[close
Total sales In $1,000 units
,
[Hign
.
\ Low
31, 1946-48
(High
Low
[Close
Close
Total sales In (l.OOC units.
xoiai
[High
Low
|
3s. 1951-65
I
[Close
saies
in
fi.ooo units.
[High
{ LOW
2Mts 1956-59
Total sales In (1,000 units...
J
t%s, 1955-60
Low
2%s, June, 1959-62
ft.>::>■;
'< <- Total sales In
$1,000 units
7m£h
A
1%», 1948-51
[High
{ Low
[Close
......
[Close
f Total sales In (1,000 units.
Iciose
Total sales In $1,000 units
[High
Low
v
[Close
2s,
\ Low 4
[Close
Total sales In $1,000 units
£:v£:V;'.,,v;, >
2s, March 1948-50
LOW
-
| fllgn
•{ Low
(Closer*'
[Close
Total sales In (1,000 units.
Total sales In (1,000 units
r
[High,
A
r High
Low
-sir r
Total sales In (1,000 units
118.15
[High
(rilgn
/-,.
\ Low
118.15
[Close
Low *
[Close
Total sales In (1,000 units
2%s, 1960-65
|
Bs, Dec. 1948-50
[close
v.;.;:,
103.7
25
1947
-
[High
2%s, 1958-63
103.7
[close
[Close
.J
103.7
f Hign
Total sales In (1,000 units.
(%•, 1956-59
103.6
5 *
Total sales In $1,000 units—
v,,,.[High
1951-54
] Low
103.6
103.6
[.High
J Low
2%s, Dec., 1959-1962
Total sales In (1,000 units
!%»,
104.28
104.30
104.31
Low
[Close
t% ayes. 1952-55
Total sales In (1,000 units
f:%
,104.30
104.31
104.30
\
£
[Close
,
104.31
104.30
10
2%s, 1951-53
■:
j Low
.
104.30
fHlgh
1
SVaS, 1949-52
Mar. 15
■
I Hign
.
Mar. 14
Low
100.20
Total sales In (1,000 units
V.;
Mar. 13
[Close
.
100.20
[High
\ LOW
3%6, 1946-49
|
Mar. 12
'
Total sales in $1,000 units
,■■■.•
■
,
Mar. 11
[High
2%s, Dec., 1967-1972
Total sales In (1,000 units
•
Mar. 9
Total sales in $1,000 units
[High
| Low
[Close
.
v
Exchange during the current
(High
•{ Low
[Close
[Close
Total sales in (1,000 units..,
3%a, 1946-56
Exchange
coupon bonds on the New York Stock
point.
[High
1 Low
4%s, 1947-62
Exchange
YEARLY
-
118.15
2s, June, 1949-1951—
J Low
[Close
•
Total sales In (1,000 units
-
Total sales In (1,000 units
[High
2 Ml8,
1948
< LOW
;[Close
Total sales In (1,000 units
'.V.;'!^
Low
(High
Close
locai
>
saies
in
-
«i,ooo units.
[High
fHlgn
j Low
2 Mas, 1949-53—
2s, Dec., 1949-1951
•/X.„«-o[Close
•..
■{ Low
IClose
'■■x'-
Total sales In (1,000 unite—
£
Total sales in (1,000 units
fHlgh
•
r-v
i Low
[Close
3%8, 1950-52
Bs, March,
/£
[High
.-{ Low
Total sales In
(1,000 units——
,
Bs;
[Cl0S6
v
j
f High •
•
1950-1952
Sept.,
.v'
Total sales
.
1U
(1,000 Units,..
IHlgh
28, 1981-1953
:
-V...k:/y:;
*
-
(High:
Low
in (l.ooo units
••
;
[High
i Low
(High
Low
[Close
Total sales In (1.000 units
~
£
Close" :
Total sales
,
•
[ClosS
Totsl sales in (1,000 Units—
Total sales In (1,000 units
£. 2ya8, 1963-1968
104.3
n——
—Low
[High !
i Low
[Close
2M«s. 1962-67
104.3
'
OlOSG
-
104.3
{ Low
IClossX
.
[High
Low
Total sales In (1,000 units
Low
Total sales in (1,000 units
v:
1952-54
:V';r. f High
(Close
Total sales In (1,000 units.
2 Mi a,
'
1950-1952
Close
Total sales
.
in $1,000
units.
£
[High
Stts, June, 1964-1969—it—Low
[Close
Close
Total sales In $1,000 units
;
...
Total
/High
{ Low
,
3MiS, Dec., 1964-1969
*
Total sales in (1,000
(ttS
£
1953-55——
%
Low
*
.
[Close
;
/nigh
t
1%8 1948—fa..—1
106.8
Low.
[Close "0
Total sales In (1,000 units—.——
[High
106.11
106.11
'
/Hlgh^
•
-
*
*
Total sales In $1,000 units
1
[High
104.29
104.29
104.30
102.12
102.12
W.
;
fel 10
105
} Low
102.14
Low
[Close
"irvVr,::;IMiS, 1950—
106.11
Total sales in (1,000 units
-<
/High
106.8
[Close
2%s, June 1967-72
$1,000 units
106.8
-j Low
.
m
i
—,
2MiS, 1966-71
sales
Total sales In (1,000 units—......
J Low
Iciose
Total sales in (1.000 units
.4^
as
•*,
[Close
units.iL
[High
X965-70——
(High
Low
[Close
104.29
Total sales In $1,000 units
3
A!
♦Odd
lot
sales.
,
:
^Registered
bond
transaction.
104.30
$&•&>>>
•
NEW YORK STOCK RECORD
LOW
AND
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
Wednesday
Mar. 9
Mar. 11
Mar. 12
Mar. 13
;
STOCKS
f Thursday
Mar.
'Friday
Sales for
Mar. 15
14/
NEW
the Week
YORK
Range for Previous
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
.
$ per
$ per share
share
97 Va
*95
♦112 V*
122
,157/a
97%
v.-
*112%
*119
33%
20 ya
527/b
36
36 Mi
35%
17
17%
*16%
51
,r.
113%
*119
15%
15%
33%
56
35%
35%
35%
'•34
34
17V*
16%
16%
51
51%
16%
51
50%
*133 : ' 135
135
*112%
120
1
15%
113%
40
120 "
10
15%
5,200
1 .;
r.33%
33%
34%
34 y4
2,600
19%'
"19%
2oy4
4,900
r 54 %
54%
*52;
55%
400
32%';
20
56
*132%
15%
1,100
,
£32%
19%
54 Vs
135
113%;
105 ;
: 19%
32%
20%
Ya
16%
*101%
Shares
"
32-
20 y8
54
•
Sper share '
122
■: 15%
15%
20%
51%
♦132%
*112%
*119
-J
125
55%
20%
*51
517/a
15%
33%
34%
34
32%
20 ya
135
113%
126
16%
101
101
101
•:
♦99%
113%
126
S per share <■-
$ per share
99%
113%
16
527/8
51%
98%
♦120
16
♦132
98%-
♦112V4
H3 Va
♦118
V
$ per share
.
16 y*
16
51
;
Abbott Laboratories
4% preferred
Abraham dr Straus
ACF-Brill
Motors
Acme Steel Co
Adams Express
Adams-Mlllls
Co
Corp
100
tfo par
2.50
io
i
_No
51%
56
Dec
Dec
41,409
54 Va
56%
PQ%
71
69%
21
♦195
197
196
197 ya
2^
34
For
24%
34
34
footnotes
see
24
24
*194
,
34%
page
——
♦24M,
34%
1448.
>•**
41%
39%
112
♦105
21-
21%
198
24%
34/^
196%
.
*
41
40
112
*106
21%
196
--
23Mi23%
53%.
34
6%
6y2
55%
54%
56 Ma
4.900
69 Va
71
71
1.300
40%
5,800
40%
112
21%
22
192%
194
*23
33%
V
40 y8
108
22
192%
108
22
50
..
192% "
23%
23%
23%,
33%
33 Mi
34
"
r
par
50
Feb
25
58
122
Jan
9
134
Mar
12 Mi Feb
l
5 Mi Jan
8 V* Jan
28
6Mi Jan
2% Jan
5%% pf A with $30 war
100
$2.50 prior conv preferred-No
par
52% Jan
69 Mi Jan
28
34% Jan
60% Jun
68 Mi Jan
82
Jan
28
56
74
Alghny Lud Stl Corp
Alleg A West Ry 6* gtd
1,400
AW*! Chemical <fc Dye
Allied Kid Co
10
Allied Mills Co Inc
8% Jan
No par
38
100
105
Allen Industries Inc
1,100
1 7Q0
•l?,loo
Jan
100
No
Allegheny Corp
54%
72
21-
Dec
122
561/4
41%
21% Dec
Jan
56%
*106
Dec
Jan
6%
21%
34% Nov
17
98 Mi
6%
112
22% Apr
38%
6%
21
47%
1
6 V*
41%
21% Dec
32% Jan
57
1 1
Reduction Inc
6%
♦107
25% Apr
13 Ma Mar
29
4
Feb
200
6%
42
Dec
18
Jan
_.
26
Air
51%
134
6%
21
35
24% Feb
38
19% Feb
44 Yt Jan
5,800
134
6%
109%
Dec
1
7
42
Jun
Dec
17%
28
6%
♦108
■
20% Feb
Alabama & Vicksburg Ry
Alaska Juneau Gold Min
,
18
Feb
'
41% Jan
11,100
*7A3/4
9% Jan
3
9%
"
1
15% Mar 15
8%
58
Feb
Nov
115
114
32
9%
7iy*
26
88
Jan
Jan
io
9
42 y8
30% Feb
19
60 y4
111% Apr
£ 60
_i
9%
71
25
24
10
Admiral Corp.
8%
56 y*;
Feb
Mar 14
Jan
Jan
Address-Mutigr Corp
9%
58
15
101
116
128
1,400
9%
7iv*
2
3,400
9%
71 y*
4
19
Jan
16%
9%
577/a
82% Jan
111% Feb
112
t per share
33%
9%
•'
Par
>
Highest
S per share
15%
50%
9%
*
No par
Year 1945
I per share
Lowest
32%
;
134
134
$ per share
Par
y
..l
No
par
o
No par
48% Feb
Jan
Jan 25
6
Feb
18
108
33
Feb 26
Jan
Jan
194
17
13% Jan
153% Mar
28
157/8 Jan
39
30
27% Aug
Dec
Dec
108
30
Jan
6Mi
22 y8
Jan
210
7
9% Nov
91
Jan
25
2
22% Jan
Mar
Jan
29 Mi Jan
5
185% Jan
21
6
42% Dec
Dec
25% Dec
«
Dec
24% Dec
36% Dec
«4
"
I
■;»r
*
li
-V
Monday/ Marcft'18, 1946- >.//>
THE' COMMERCIAL & FINANCIAL CHRONICLE
v i
■
•.
NEW YORK STOCK RECORD
1
•
Saturday
Mar. »
$ per
*105
$ per
share
52
52%
50%
51%
50%
37%
37%
37
37%
37
// 9%
io//
*■9%
141
141
>41
75
35%
36
•I33ya
:.
;
142
:
34
82
13%
13%
13%
13%
93
94%
92%
62
•
63%
*131
> '148
147%
146%
148
27
27
7>';'
26
25%.
7>;
66
*64
68
*26%
27%'
*25%
26%
107
107
107/
*106%
>/
107"
•
*50%
10%
*■
51%
10%
*50
-732%
*561/2
109%
109%
7.777 7
57%'
7*106% 109 / 77
107% 109%
■.
55 "
xio'4%
"
'V
16
'**.
16%
V
*103 /; 105
*11%
14 >
*49%
36%
11.V2
"77
49%
50
x35%
36%
19
34 Va
^
*34%
146
89
'*145
77:;
90
15%
118 y4,.
107
•
117%
105
105%
7/
"
146
87%
.106%
*181%
30%
99%
•
183
20%
*
181 %
39/a
/
■
18% 7:7
T
*30 v
30%
*49
7
64
"
'
V
30
';
64%
30% /;
>t<iV*
.:
50
±a~i*
'
106%
46%
46%
*165 %
170
42%
29%
:•/ 47 ,//i 7
29%,
49
49
>1/'
61
•
181
''
7
v
'
*166
170
*165%
;
"
'.*
170
42%/ 43% / ;/7 42%
•,.
*164,'
7
,
American
/
49%
..
Mar. 9
'
$ per
86%
86%
*161
85%
f
.
30Q
161%
*
.4
23%
24%
65%
"k pet
88
.
f
.
15%
*
>76 %
*161 ya
24
.
85 V2
22%
170
News
*117
4%%
,
| 900
297:/
.7
86
520'-
;
*6%
900
* 46%
45%
52
i 52 /
51
*
47
-
47
477
/.'"
115
10.900
188%
85%
-
■
48 %
48%
19
46
'
'
.
o'j
<M
"77 ;
165
)
Am
700
$6
"
700'
8%
50
■
46
*114
7747/7
8»/4 .7
48%
18
"18
/
7'/': 8
.
/
4614
50
22%
/
28%
13%
14 %
13%
'"U
28
>
•
131
14
28
;
27%
13
'
46
-
19
*17V2
...
5%/
"Xl277% 128%; 47
130
era
$ per
Lowest
Feb
92% Jan
17
28
93% Jan-17
158% Jan
2
195
170% Jan
29
22% Mar 13
•
22
No
par
Jan
120 •
par
104-
♦24%
25
25.
-
-
136 ;
23
23
22%
136
47
484'a"
48%
50
'141
.",-141%
141%
•
*106
,
-
97%
37
/Anchor Hock
1,000
P;
4
110'/a Feb
9
99% Jan
Jan 25
Jan 25
9
J All
100% Mar
5% Mar
60% Jan
150
3
3
Jan
-9
•
43% Jan
4
Mining
■
300
-45% Mar -4
40
Feb 28
•
No par
Glass Dorp
No
preferred
•Anderson, Giayton & Co
3,600
Feb
112
par
15% Jan 29
8214 Mar 4
7
,
7
37
/
:*12T. :,
/
>A P W Paper Co Inc
•
10
*
7 106%
96%
97%
117%
:•
69 V*
37%
*35Vi
37"
*81
85
68
36%
v-
35%
54%.
1.400
5414
Armstrong
112
*108
! •
"2514 >/>>>..' 300'1
Feb. 20
109 ,/7 July
v
721 • 7 7/
118%
119
119
119%
*119
119%
21714/'21
20%
117%
,
117%
9814
10j'il7
,
66%;7 60%
30%. Jan
31
15% Feb
6
*128%
'
"
130
30% '
*28 y8
25%
25%
25%
81%
25%
80V'2
82
83 %
25%
83%
128% 129
*27%
30 %
12814
;
24%
*81
128V2;
128%
30i2 ''
*27%
100%,
- :
65%
7.90G
•-
900
117"/:,'
67
-
'
*27%
•15%
31%
11%
*69ya
For
.
71%
38
38
r
*82
85
7* 7
-7
footnotes
see
>0
page
'
16
119%"
10,200
38
,v*83
36 V4
G & .W
.,
n:f"' 119 %
109
*
.
*119
7-109
'109
•
I //."
7"
2434
24 %;
24%.
25%
81%
80
81% J :
30%;
128%
128 V4
*27%;; 30%.
128
*28
15%
116-/2
3tfl4
1448,
15%
31%
31%
11%
11%
11
11%
11%
68;
65"»
68
65%
.30%
31%
*1434
116%
14%
*116
116 y2
LOO
129
llr
*
*
90
Austin
31—3114 ^>,.;..,2,800
11%
11%
11%
66
65
68;
,•
.
.v
55,300
1
Nichols—.7.
..
A
$2.25
Oorp
conv
of' O*'
preferred
139%
Nov
' Mar
^eb
1?
- 7,r
—No par
'The'
%
120
103 = '
1017
Feb
Feb
."
Jan
;
Jan
* Jan
Dec
Nov
18%' Jan
94%
130
1
27%
i
207/a
Dec
Dec
Dec
Dec
1
10%
14
Jan
Dec
77/
11
/
Jan
131
Nov
14%
Jan
29
Dec
3
,37% Jan
29
93a Jan
3
'14% Feb
16
5 V*
Jan
59V4Jan,
3'
83% Feb
2
58%
Dec
26% Jan
27%
Jan ,77
14%
60'
113
15
;
20% Jan
126
427/a
120
Mar 14
15
Feb 13
Nov
83 %i Nov
Sep
'Apr
110
1-8
■
Dec
83?/+ Dec
45.
'30y4 July
9
29
32.
120/
Feb
71%,
18
28% Jan
i
7
/ >".
113% NOV
Jan
48%- Jan
31
97% Jan
t
52%-- Dec
33%
13314 Jan
•
Dec
»Dec
'
5
Jan
-
19%
108% Mar
Dec
76%- Jan
-
16
Feb
.
105%
,
•48^
.
,
Jan
40% Jan
123
i
11
y4 Jan 12-
;89
25% Jan .12,
lj)8
<<■';
110 %■ Jan
/
8
14% Mar 13
-No par
prior A,—No -par
Autocar Co. —-—-J——;
5c
$5
A>*«rt*n&
Jan
45
15
Feb-15
78% Mar
120
•
1,100
-
111
8
Jan
55
24% Feb'26
1—S
—
7
15%: Hv'/il
-
Corp—
100
Powder„i——i——No »par
5% conv preferred-—
^1001
Atlas, Tack Corp.*——No pas.
■
116%
Series B~
Dec
Nov
43"
115% Jan 14 7
-109
Mar-14
x29%
140/
6i'
Feb
108 >
1
.
Nov
108
Jan
33% Feb' 26
Atlas
220
28%
3.601/ .preferred
1Q0
Nov
Nov -v
113;
Feb
3
Jan
84% Jan' 28/
106%
...
Nov
59%
July
Jan
81"'
37
25
Mar
42 y4
Jan
'65%Mar 15
—100
preferred!
141
13
139% Feb
3
Feb .26
>115% Feb' 21
100
RR_
Refining-—'
conv. pref. series A.
Atlas
4.500
1,750
31 y4
-
'
.//.:;>. 30 /
81"
128%
4%
Jau;
111
■'•1
185-
•;"
96
Oct
Dec
10-;
27
1057
30%
15
127,%: Noy
11%, Jan..
5Z
3
Feb
=
Jan
>
-
Nov
15
.1;
Atlantic
130 *
11914
25%
lib'/a
Jan
9%
16v
7145
2
48
,23%' Nov
7; 271/4 Jan W 9
Feb.26
133
.100
I SB Lines:
5?$, non-cum
'
NOV
>.2514 Feb
8
Jan* 2
131% Jan'
No par-
J^5,preferredr{.r—;
Atl
85
,
82
>14*%
/
lid
44
-I
100
Atch -Topei a & SAnta,
5% preforredi.^—— '•
Atlantic Coast Line
500
36%,
»/38
85
36% "7..
3614
36%
66%
31%
12
30%
11%
*o/-/2:
16
1 At>
115-
115
'
31%
12
15%
*15
4
16
115
18i.
6%
>
Dec
49 y4
102% Mar:;
9
112 y2 Feb
par
v
Dec
45
113
77
>23% Sep/
17
2
23 % Mar
»■
.3,000
'{.;
115
Dec
Dec >
Dec
Jun
,49
Nov
57% Dec
41/8 Jan
/
7
Feb
26
,
■
Feb-
143
51% Feb
Corpr-i
No
-136
107% Jan
par
•
■'
25%
31%
,140
ll7/a
83
712% Aug
5
60% Jan
par'
.No
Jan
132
.,
98%.
109
79
-No
Co_.
Cork
$3.75:'preferred'
*
119
7
26% Dec
112
Nov
38% July
5
10% Feb
•
10;
47
122% Jan
fRreferretl,,,. No par i
LOO
Arnold' Constrble
7?>
%
*35%^, 37
*81
;
30%
30
25% "" 25%' •;*" " • *2412
98
117%
; 68
54%
112
7; $6 conv prior
7 7 Vo prefer red
900/
7 136 if
*133
.
-
106%
98%.
117%.
136
.
541>
108
129% .124%
l ?o/.,,.
*"
139%
681/
«
38 %, Jan. -'
-24% Jan; 7
24% Feb
-8
7% Jan
Jah
4914 Mar
27% Mar 713/
12% Jan
3
Archer-Daniels-Midiandf>-'__No par't 7
& Co of Illinois—^——-—5
-Armour
29,500
1,300 ,/ArtIoora Corp.
-4814. 48 la
1 48
48% / 7, 3,300
; Associated Dry Good A—
>
71 6% 1st preferredx7-S4G
143>a 144-7j 143- 7 144
139
139
110' V;, 7%, 2d;-pref erred-,>>0'7tl39
139%,*49 '
Assoc Investment pa 5414,--i.."Aio>*49.
- 54%, f/-; *
100
*
106
.;/107% ..ivH> 106
107% i £ v,7">";-6Q
143%
*49
85
36%
7
139
*81
36%
49
*141
11734
'
29% Jan
6
60 % Jan. 14
51
114'
7
Mar A
18
20
51% Feb
,
I
-8-<-
>3% Jan
.21%
/ Andes Copper Mining
2,500
13%.
7.
50:
*106%
131a
>
2 21 a
142.v
13%
*108
20%
7/ 47%
49®4
13 y4
112
13952
97
69
-
;
50
-
69%. Dec >
121% Mar
8% Jan
57
Jan
196% Nov
90
Dec
7
91% Get /
7 ; 161% Dec p
77v 24% Dec
116'/a Sep
15
3
-
:"::t
Highest //■-/
$ per share
43% Mar, "
16
27
■79-
25
Jan
13% Mar
'
10
Feb
128-
145 »/4
30
14
27Va Jan
18-"
Mar 14
9% Jan
-44
-
10
27%
5414
-25%
•
2714
55
-*25%
22 %
*36
37
87
36%
•
117%
67%
*108
--
271a
*133
fl38V2
,,
99%
117%
99%
*117% 118
68%
68%
*81
142
' i
142
106% 106% >
107% 7
t
98%
491%
>
55 %
*48
55 %
*50'/a
221a
138% 138%
>136%, 138%!.
26
55
112
*25
23
/
55Va
*108
7
">•'
26
137
55
112
*108
112
*108
Nov
/A 7
29% Jan
_No par
100
Jan
65
Jan
65y4 Jan
71% Jan
120V4 Jan
61% Feb 23
100
No
Woolen
Dec
7 Dec
53ya
'-7>/»>
Jah
157
6
20
80% Feb
185% Feb 28"
•
Water VVks &, Elec
1st preferred
Dec
,
151'
$ per share
share
80% Feb
-10
60
rear 1945
v'pur 1 'Uf,
lannsrv 1
G in
25
Anaconda- Wire & Cable
350
900
*27 Vs
;
128
128.%, 128%.
*136
;
55%
55%
55%
55%
137
*136
'
139
*136
27%
713%
128
7
1334
a
'
7* 129 %
Dec
3r
41 : ; Aug. .7;
128% Jan
29%. Jan
'
*28
Jan
Dec
29
;
,
52% Mar 11
8
25
100
Anaconda- Copper
24,000
44%
45%
*50
'51
*45% *40%
*113% 114%
47%
47%
*17%
181/a,
•.
'8%
'
.
*114"
114%
47%
47%
114%.
7
48%
*18%/: 19 7
.
44%
45
.
.
50%
:7" "45"
115
8l4
*8
*28
5!'
*48%
48%v/;
>
48% ;
Jan
>/■
7
Aug
43%
Jan
17%
Dec
164
Feb
2 .7 %
.
33
$ per share
100
Amer ZiPC Lead & Smelt
£5 prior conv preferred-
9,900
,f
4
Dec
50% Nov
Range for Previous
T?nn
A
Par '77;
*
Preferred
*
•750 % Feb
Range Since January 1
Lowest
Highest
».
Teleg Co
Tobacco
American
11,400
Apr
W
/
l
5% preferred
24,300
31.
2
747% Jan
\f-\t
American Viscose Corp
__
68%
181 7
Jan
153
,
44%. Nov
40%„Jan.,;
41 !/a
Jan 17,
28% Jan
2
38 - Feb 16
49y4 Mar 13
7 58% Feb
G
147
Jan
■«> 15&Va Feb 21
YORK, STOCK
2,700
31% NOV
Aug
164%
6
Jan
170
8
27 Va Jan
No par
Amer Type Foundries Inc
>>->/>
Jan
39% Mar 13
Refining
preferred
> 6%
Jan
v.
32
15 7
50% Feb.
19% Dec/
184' Mar
-30% Dec .
99
Oct
38 V: -■ Dec ;/77
'//;■
>
Common class B
600
75
.
29
lSl'/a Jan
14
MAf 14.
160
No par
4,500
24%
73% Jan
4r
Feb
,
Mar 14
50% Feb 28
5
60 V2 Mar
1.-100
-
-
Amerlcad
4,600
.
.
50-
45%
> 44%
46
7/746% ;
"11334
18%7 '18%
7-
28%
*8 %
1
,.
.
39% Jan
177
Amer Telep &
.
1,500
86%
84%
'23
>-(
-
26/ 7 101
>46
preferred
J
;
Jan
7' 5/77 40% Ma*tl5,./7,18% Jan-..,
26*,
33% Feb
6
17% Jan
Feb
27-
No par
EXCHANGE
anares
163%
"
176
36%.Feb>.G/7/a5:%i,7Ian
77 35% Jan:
par
/ STOCKS
the Week
84%
'('•
NEW
;»
Sales for
.187
.
~50%
v,
113% 113%
,
1
*18%
•
Feb
-
11% Jan
16
14
Feb
186
•
3
Dec
95%/ Dec
..
/ 95% Feb
18.50
-
300
FritJ.iv
Fridav
7
Foundries—-No par
Steel
23
Mar
104%
80% Jan
6/> 54?% Jan.
Mar
xl08.
Jan.
2%
.7/ 20% Jan 24-7 110 7 Mar 7
Nov/
39>/4
86% Dec
N /-131/* Nov
HVz Jan
,
19% Dec
'
.
45%
52
47"
3
90
:
>
27%, Jan-
100
Preferred
^
—100
Atii Sumatra^ Tobaccos-i——No po.r
"
,
46%
46'
*113%
17% Jan
10
...25
American Sugar
.
O.Si'iJCtlr
-
2
/American Stove Co
,1,600
Mar. 15
.
2
88% Jan
No par
American Stores
2,100
I
,
53
*52
v
3
97 % Jan
7-
-v,i-100
non-cum
Amer
11.000
155
*152
'
9
,10% Jan
American Snuff
800
46
Nov
Mbr
.N(r par
Preferred-
- ■
,
Nov
41
'
130%: Jan ir v. 142% May /;
Amer Smelting & Refg--—No> paf
7,200
•
'
.
123
Jan
Mar
>
,11%. Mar t1
24% Jan"
—No par
No
14%"; Oct
54
Oct
41%. Dec
?
7
13
.
,
7
.
Nov
Dec
.>
6
Feb
Ra«or_
Dec
14%
8
.
/
Dec
Dec
Mar
180
Safety
Dec *;
,109
Jan
.
Dec
:
Jan.'"
21'
.
10%
Jan
/ 7103
>Ja15
108
2
-
Mill.
56V4
,
,
'
7/58
Jan
26,
•
3
41% Feb
-.
73
/American Seating Co.
;/Amer Ship- Building Ca_,
460
25
Dec
77-17/7 Feb 2d"->720% Feb,
;. 3-3 % Mar
4> 41% Feb
preferred-.
conv
"
52
34% Feb
,
13%,
13 Vs
*81
'
143%
-
.
NOV
48% Apr
il8% Jan
IS—
115% Jan
NOV
109%
7
Mar
Jan
Jan
Mar-
7%
2
11
Jan
44% Jah '15-
No par
.
45%:.
447%
143%
5H
7
24-- .146.
San'y
-Am Rad to Stand
.
108
*107%
13% Jan
-
26
Jan
—
American
49%
7/>7'; *164
170 ,
> 7 40 % 7 41%
84%
84% , 85 163% 163%
23
23%
.
9
-
Llghtii—
1,400
62
"63%'
62%
63
64%
64%
62*%
64 y4
*117,
118%
*ll7y2 119
>117
119 >
*117" 118y4
22
23 y8
22
23%
23%" 23%
235a 24
22%
23%
>/ 107% 108 >/> xl07 : ■> 107;/,:
7107% 108 7.7/
108
108
''7 108
108
41%
43% ■>
" 42% 7,43%
/
43%
44% / • 41%
43 Va 7
43%
45%
*139% 143
139% 139%
144
' 144 *
1.42% 142%
140
141%
*
12%
12%
12Va
12%
13
13'4
> 12%
12%
r, 12%
*81
85
*81 ; *86*81
85
/>8t
85
*81
85
65%
" 119
64%
"
70
4
——=_100
10 7 77/ Preferred?
-American - Rolling
]
T
65
*117 v 119
23%
24%
8
15% Feb
140
Co >4
Power &
23,500
3,920 /
41'/8
84
23%
8
26
11 % Mar 12
;>t.85.,"'preferredww——
53,400
40%
48
•
.
x'188%189%'
83%
84%
162% 164%
17% Feb
21 >103% Feb
7 34% Mar 13
Nov
.
40 .'
Jan-
8% Jan
22
-
87/»
X117%
^an.
12% Feb
Dec
Nov;; 7;
://> 43 y4 Jun
2y8> Jan
96
7
11% Jan
__N(y par
preferred
Amer
7>$6
7,300
107"
> 63% 764%
i31 / 18114
:
'
46
,8
..,
84
84
162%;:
23%
23%
.
...,
189% 193
9
99% Jan
—No par
preferred..
American
690 7:
5,600
77
,
Mar. 14
SifUre
.■
29
,'>.r:
■
48%
Thnrsfla*
Thursday
?
Mar. 13
-
85%
85 J/4
-
49% Feb
Ltdhi^r
Metaifr-Co
26,800
119
*28%
641/;/;
52
Wednesday
14y4 Jan
124% Feb
Dec
.
9%
19%'
Jan
7/ 43% Jan 30UU 20%
107% Feb 25> 113;
Feb
6/> 91
47% Feb 21
55% Jan/9 > 38%
79% Jan
7
*
12% Jan 28
S
54% Mar 14 63
Jan 28
47 97
Feb 26
1127
Feb
7
68%
Co_—«._10
Metais—
&
Mach
Amer
100
•
145%:
..
39
,
*151% 155
52
27
>
3
Jan
ST
- 3%
Jan
-10% Jan
45% Mar 13
-7
6% Jan
F l.v Goz.^^+No' par
Amer
■
2,000
,100101/7
f
(t
180%.
46'
.7 ?164
* 4C%
IVprin<><Hav
»
snare
85
4-
No- par
Amer Mach- &
2,000 7
19%
20%
*181% 183%
29
29%
28%j
180%
155
52
: 192% 193%'
,
86 % >:
361% >,
85%
.
163
.
24%
Tuesday
Tuesday
'\"Mar,12
/:.■
suurej
192 V»
85%
191%
86%.
*85 %
-*
Mar. 11
4' pcr
snare/
192%
191%
:
".
/r
**
-
Jan
convpreferredf—t,
5%
•
» Mondav /,7:7
Saturday
-
I
15
Dec
109%-,,Jun
30% Jan
23'
28
32% Mar 15
& Les*her-
Ice
LOW AND HIGH SALE PRICES
•
No-'pat
No par
Apr
Dec
27%
Jan
11% Feb
Nov
69
•
Dec
18y8
Dec
./.Oct
729%
Jan
69
20% Jan
'
Dec
156%
149
16 > 105%
Jan
58
••
3
4
113
TAmericam Locomotive^—par
«;7% preferred
100
12,700
.
*151%
••
360
13,000
28%
28 %
29
28 !4
28%
77,31.Va:>'»;>31 • 7>;;31%;>>:; 731%. 3iy4
51 %
>
49% " 50%
> *50
5iy4
7731"/'■
;
..,
■
11
Jan
6%non-cum preferred*»_»—_J0G
3,300 ,7 7 Amer Internat Corppa*:
American Invent Co of III—
_--l
.4 600
-
40
,
15
48V//I
,
42%
"■27%
29%
31% 7 32
52%'
*151% 155 7
*52
52%"
*52
101
f >62%
170
39%
1*1%
'*
29%
28y*
x48%
M
46%.
*45%
■
42%.,;
28%
28%
31%,>
7 , > 31%
52
77,52"4-> / :527>'752%'77:*151%" 155
77/i -*151% 155 ' 7'
52%/ 52% /- ./ *-52,77 53 /-:
*
29
29%'"
31%
-
Feb
Jan
Ncr par
13%
18
Jan
109 Feb
5/
-
8
>
-9
32% Jan 28
2
100
*
/#'
/
181
"
29
.
.
63% '
*
.180%
,
46%
46%
3
48-
preferred.
conv
70-
3
18-
American Home Products.
5,400
33r«
117%
104%
20%
39--- '39»4 7
29%
,
%
*
77.7
106 y2
xiooy*
39%
'
43
*31
15%'7
118 %
'
*46
Jan
105% Jan
'
17'% T 17%
33%.
33%
.
*
100 y4.
%■
38%
637%
63%
7 Jan
% Mar
37
2
American Hawaiian S3
1,100
50
f
88
29
/ 28 ya
" 7
*181% 183'%
'
180%
* 110
-- 112
24 Vb Jan
preferred A-i.-
*.
6%
> 42
1
29% Jan
Dec :
Nov
127
Jan
10- 71 t27 5
Feb
Dec
67%
,
•
Jan
150'
—Ncr par
Vt>86 preferred
American Hide
Jft»
-
96
,
155% Jan 14-
100
preferred..
*; 87 2d
5
•7 407/8 Jan
•
25
24% Jan-: 3
Power
Foreign
39^
16- >
Feb
132
137% Feb
Lines
400 ■'
15%
145
19%
20%
183ya
39
■
89
105
7
,
; $7
7 .70% Jan
5
Dec
199
Jan
134% Feb- 21
hncaustic -Tiling
500
116% 116%
/
146
14%
vr,
"
63%
64%
7-179%'180% :7
180%
Amer &
.
183%
112%, Oct
' h 89%
i
/ 34% Mar 15
64
American Export
900
Mar
15
21
Feb
Oct
Jan.
pT,
17
10y2 Aug
Feb
1
106 % Jan
.
Dec
55%
135
Oct
100
Nor par
Co stamped——20
—.1
Secs/u^_i-„.No par
Distilling
Amer
/Amer. European
/> 500
108
50
34%
88
7:7,/
89
*181%
30 7
48
.
par
No
Ine
preferred
Crystal Sugar
preferred
/American
5,600 7
34
35%'
39 V*
1177 7
99
;7:
17% ""17%
33 Vi
15%
40%
48%
23%
Mar
128
Dec
"Jun
80
7.fv .!,.V;.v;v
*145-
19%
29%
7,
1
7 180
1
.
108
.*11%
'
118
"
."V
120'
preferred
1st
6%
7
30,100 ,7.
7;:7
/i *13.%7/ 13%
13%,
38 y8
•'
118 y8
ICG
39%.
40 Vs
9%
15%'
12
14%
29% 7
"0
v
40%
.
41%
15% Aug
x41
7;
Dec
7- 94 Va
Jan
207
10
7 57% Mar 13
100
Colortvpe C01
American
400
7'i 700
7,300
77103%' 103 %7
49% '
77-/
145
38%
203,s
29%
.
•
7,
40%
Dec
69V2
16
-17% Feb
12% Mar 14"
par
preferred.
Cable
&
conv-
American
90
44%
*106%
11 %
115%
104/
7
*181%: 183 %>
i
30"%
29%
30%
*40%
20%
181%
100
.
'
49%
•
34%
-
145
107
>06
.
20%
S'%
•1; 4% %
i
77
*48%
49%
9%. 10%
x56% ' 56%"
15%/
:/7, 7*11.7
i8y8
16
119
Dec
7 Dec
43
42'/4Jan
14
Jan
71
161
Jan
■'
25
57% Feb
136
90% Mar 13 J
196 % Jan
'
8,200
" ,118
108.
10 y«
:
7;7 13%,
r
118
37%
;
89
15%
117%
16%
118%
*
350
772,60J
9%
118
Chain
Am
No
Fdy_
&
Car
American Chtcle.—
1,000
8J»
-.32%
*103-104
1
217;
20%
77/$*
49%
-
15%
'
•
34
18%;
34%*.
146 >:
18%
>34%
7"/ 89:7V::;>
88
7/
16%
16%
118%
S
>7
*
77'/
34%-,
*146
.
40; "
"39
;p.
40%
18% '
35
,
*145
/
39%"
18%
>39%"
18%
77.?''
'19
43 %
35%7r77'"35% ' 35 %'
*117
*117 77 118%
-
39
27-
25
100
7%. non-cum
•
'
106%, 106%
13% 7
34%
~
36
21
Feb
.71
Radio Corp
&
Can
American
5 700
3,500
,
56%
54%
8%
"54%" "55
50,
"
119
10
U% ">
11%
*49%
>
'
*118
■■
Jan
11% Dec;
Jan
.20%. Jan-
28
Jan
30
r
50
132
—,__^100
7 9.
Jan; 9
1
811/2 Jan
2
20% Mar, 13
,■/
par/
Preferred
4,200
,
"
"•
'>v>35%
37
118%
'
61
7*18%
7
10
7118
*48%
104 ,7
> 13%
11%
.49%
13% > >713%
No
'
•12%
13%
7.7'
" >'32% ' 33% "
1C8
108,7'
16%;
*
*103
104
*11%
12 'A
50
118%
77'
15
16%"
15%
*103
105
/ 49%
13%
13%'
'■}:
157a
15%
■
*103
•
118
50%
10%
55
108:';;":
10% '';-,7v>"9%
*54%
56%
56%
62
9
,
>
34%
7 49%
7:7
50%
'
American
420
}
.
44%
43
.
109
7'7- *105
110%
10%
Corp—
preferred
Cable
Amer
5,800
»
.....
-54
"
55 "
8%
8%
risvi-18%-:
,
;
45 lA
42%
34%
*49%
10%
Jan
41
Feb-28 /
78
Co
Shoe
Brake
BVt%
7
Ml/J
16.500
13%
203 %»•
60%
121%
"
50%
:
/>,- 10%
'
18%
10%
9%
:118 77' 118
;
*108
110
7/ HO
110
*107
7
79
18%
7;
10%
119
34%
|
92%
90%
203
""
36
36%
36
45,"
10%
"119
•
12%,:
'777
»=
61%
60
7, 121%
54
8%
> 7'."' "
"
%
134
Am
28
.
86% Jan
7
—50
.__„__1
*
62/7
125".
'"52%
:
9%
19
)7' 43%
10%
119%
'•"'
54%'
18%
"
:
121
.
43%
S'A
-
10%
101/2
•••
■..>
19
*17%
43%
43%
*118%
9%
9%
.:>v'
19
*17%
77/ 53
77 li- '9%
54%
52%
53%;
>'9%»
=/
9%
Feb *
56% Dec ^
77 35 /Sep .;-.
Aug
.
,
7 :104% Deo t
43% May
103
10
45% Jan. 30
7
39., : Mar 1
71'
.
....—10
——
Bosch
vnerlcan
3,400
,,
"
53
204-
:
.
26%
*106%
•
'
68
*26
pgr.
Jan
•
3%
17
177
153% Jan
33
preferred
6,%
,
.
27%* '
'*63
*63
-
p ,7m...
•
121% 122,
*r
>
% 3b
34%
35%
*35. /
35%
35%
136
7 7 >130
*130
*130 ■: 136,
'7
135 „ ;
> 144% 145
146:'* 147:%:'". ">T43'%" 144%
7 *25.
26
/7 27% '
26. 7: >7
26%
26%
66
7 *65
70
*62"/"
67 ■:% 7 *62%
25%
25%
26 ■
25
"
•» >25%
25%.
*106
107 > > 3106
xl07 '7 107
io6%
>
148
*26%
"
_5
Note
Banx
Mi.r ucan
,1.800
»,/ 120:
.51
*132
CliemicalJVo
Agricultural
Airlines
71.
26.
48% Dec
Jan
'. 102% Dec
■* 38% Jan
:/ 23
Jan
:
8
11% Jan
128 % Feb- 25
par
7 American
Feb
55
50v
.;.;'37% Mar
Mar 14
,
22%:
51
7.
1314/
12%
90% 7 91
203
2041%
*121%
35%
137
148
*
22%
.
134
*132
13%
57%
i
121 »
*131
34
>
Amer.
5
/ 9
Corp___No
Petroleum
Amerada
9,100'
"
82
53%
92%
*203
'
621%
..
35%
..
137
137
62
•121
"'.
36
35%
36
35%
*133
125
*121%
123%
*120
:
>-/
63
.
33%
52
90%
•
203
203
203%
202%
i
202%
•
31% Jan
par
Amalgam Leather Co
6% eonv preferrecl
/>>; 700
42%'
*79%
21V2
"
13
93
*62
.No
4
$ per share i
4'20%
t* Jan 29
55
>07% Feb 6
; 58% Jan 15
3
.-
47% Mar
Portland Cum,
Alpha
26 >
Feb
104% Jan
pat
;
Highest/■'
.
I per share
$ per share
.
13%'
94%
7-45%
oar
.100
.No
l.OtW
7 1,600
•
'77%
75%
>
22% >•/
'
13%
94%
201%
-
•
7'/
34
*79
133%* 133%
■:
$ per-share
Mlg__
'
>133% 133%
134
7*42%
-
22i%,
.
52%
.No
Corp.
preferred.
Alus-Cnalmers
7.
3,500
/>> 300
59%.
142
140
53i%
.20%
.
53%
53
Stores
4%
300
9%
*56
'
42 /J 7; 42: >>'
7/773 "7: /•:. 75%'
80
79
•
,23..
21%
.
"7*9
.
Allied
7,500
7
7-v./7 Highest /;,7;;..,y;' Lowest
Lowest
■
v
Par
:
8,400
'
37;;7 //
36%
58
•
;
53
134
134
79
142
341%
33%
7
52
"
EXCHANGE
,
'
73%
72
*
•> "/■9%;7;:v
9
*56
41
X41
•
35V4
*78%
24%
.
52%
42%;:
,73%
*34%
79
.23%
53
*52%
'
73%
35
*78%
-
24%
24%
75%
x34 %
-
80
*79
41%
74
,
41%
7
41 %
42 •
75%
;
>;
141%
140
141
■"•138%
51
7/
50
105%.
50%
37%
'
60
* 48%
.
*104
37.1/4
9%
59
60% >
60%
141
*138%
;;
>y 9%
/:
49%
103
49%
•
37%
37
9%' > 9%
'
65
*58
65
*58
9%
48%,,.
106
f
51
x48%
37%
"[
49%
106
*104
105%%
51%
105%
105 %
48%
50% '
7/
7 Shares
tper 3hare.
$ per share
$ per share
share
49%
51
*105
100%
!
■
$ per
share
50%
50%
50 %
'>-:;7 RangefdrPrevious
7'.7 Range Since January; 1.1/; /.. : Year 10457.
YORK. STOCK;
NEW
S&lfcs for
the Week
Mar. 15
Mar. 14
Mar. 13
Mar. 12
Friday 7.
Thursday
Wednesday
Tuesday
Monday
Mar. 11
STOCKS
HIGH SALE PRICES
LOW AND
10%
63
Dec
Dec
;
.Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
NEW YORK STOCK RECORD
■',..
Saturday
LOW AND HIGH SALE .PRICES
Tuesday
Wednesday
Monday
-Mar. 11
■
■(^ar.,l2
,
^■jf.perjhare:it>'y:f£ per share
33
33 %
4
23%
42%
<•<<41
'42%
*21%
73
22
u
40
°5oy4
*5(4 <
32%
•
51%
V
:
•4 38
4
4-55'
25%
'
25%
■
34%
35%
'. '.,.34%
*43%
44%
:'78%
i'
*49%
*54%
-50'
54%
<443%
23%
78%
x37%
.4
.44
{
.
38%
50
50
55%:
YORK
Bapge tor Previous
STOCK
•Range Since January 1
EXCHANGE
Lowest
50.
55%,
.
321%
32%
,
6,200
800
.
,Eaypk Cigars 7nc__„_
24% Aug
35 Vz
30 V* Jan
16
ll^a
Jan
*28% Jun
47'AJan 38
19%
Jan
44% Nov
.20% Feb 25
25
Jan ! 9
75
84
3
Feb
49% Jan
9
38
Jan
2
54
Jah
38
(53
4 per share
66
Dec
23
12% Jan
<4
37% Mar 15
.
100
■jt per share
38% Jan 30
3
Jan
Blgbest
$ per share
,
,
Mar 13
39 % Jan
Year 1945
Lowest
Highest
,
31% Feb 26
,22
,
1
16,800
,44'•■••; 44
13
—.100
•
1,200
25%
;
25%
'43%
-1U0
2,500
;
$ per share
4% preferred
^^^100
Bangor & Areostook
r
^.50
Cpnv 5% preferred.
__100
Barker Asphalt Corp__
__„__10
Barker Brother^:
{
JVo par
v'A %% preferred-/™™!
,50
Barnsdall 0{1 Cp__
g>
Batli Iron Works Corp!—
—1
1,400
:
38
.
B'ajdwln Locomotive .Works™
Baltimore & Ohio__
5,400
'79%
'
far
17,000
22,500
41, "
21%
.*54%
25%
-33%
24,%
x32 %
*'434
3iV0:. 34%
34%
22
y4
A0%
21%
77%
37%
21%
;24%."25%
;<<;<4*:: ""...'44
,
32%
,40%.
<
38%
,48 ,•
•54%.'
31%
.23
21%
"'78% : ,:78%
(
32
22%
C
.421% ' 21%
50 <
<<V *5.4
55%
r26<< 26%
31%
,40 4 .41%
.80
*49
.
NEW
Shares
39%
32%
23 % 4
4
.22
.
39y4
*38%
.
31 %
>
: 23%
' 41%
>*78%
,
4;
;C
Sales for
tire Week
$ per share
$ per share
$ per sfiare
21%; 21%
79.
•
*39'%*
.
,43214
;<{ 22%
*14
{Mar.
.
$ per share
23%
;;
<
STOCKS
Friday
Mar. J5
Thursday
Mar. 13
?ti,
Mar
.Jun
81
Dec
29% Aug
17% Jan
■
52 Va
Dec
42
Dec
Deo
Jan
.9
55% Jan 23
52%
Dec
54
21% Jan
2
26% Mttr
16%
Jart
25
20% Jan
4
14 %
Aug
.No par
8
39% Feb
40 % Jan <4
18
47...; Jan 17
Feb
24%
Dec
>7
^2 <2, Jan
Nov
.
<u
*60%.
61%
*109 V no
*109 1
no
-21%
*40;
,',i,
,60%
109
1
,21%
'20 /< 20%
27 vf
*109 :
<29%
*f(&
,< 52 Ye
30%
*37%
26%
103
.< 102%
110
60
60
.60%
110
•♦109
600
<
'•
37 <:>
26%
102%
•*io9
'i
26%
101%
*162% >166
16,6
,110%
;
"
,
27
/
•51% '
*
36% '
,#•^26 4
98% 100% ; •
•163 .163/4
•*124
:
;
-
27. '
>109
X30%
34%
30%
163
/;
36
Jan
5
X106
Dec
Mar
8
14% Jan
3
39 y2 Jan
-5
23% Feb
127
Jan
7
25 Va Jan
3"
/MO0
Bell
25 Va Jan
3
"
52
•
6,600
Bendlx? Aviation-—-
2.0Q0
Beneficial Indus Loan™
Best A Co
__!
Best Foods !™™
Bethlehem Steel (Del)_
1,200
6,600
11,000
500?
163%
"19% Mar, 14
Beldihg-Hemtasfa^
Ho par
^Aircraft Qofp—!
:
Howell Co.™.——_!10
4%^>-preferred __ _ ™_———_<100
-
25%
101%'
;
15-
sH'Sb
>
No .par
Jan
22
Dec
Jan
Dec
17%
Apr
Jan
< 58
Jan
7
32% Fep
:
{Dec
Aug
.47%
Jan
19%
Jan
30
26
3
113% Jan ' 6
65
149% Jan
2
163% Mar 15
127
<
Dec
Dec
35%
Jan
Jan
.
Nov
63
"22 % Aug
<17 ! Aug
17
Dec
Dec
109%
,103% Sep
14
Nov
29 y2
35
93% JaA
^_100
24% Dec
Jan
i'2% May
16
40 y4 Jail
28% Jan
2
Dec
136
18
6
17
.
.42
Jan
12 Va
<
33% Jan 25
112
Aug
,
114
Feb
V
No par.
preferred-^—_™j
28
•
< 31V4 Jan
1"
-1
—^
35
-
35% Ja:n 28
{
1Q8% Jan
4
/
,50
Mar 13
,-fl
Jan
,140 Va Feb 14
23 Va Jan '28
Bell
'
~9%
27
43.
55%
110
'
!™20
1,400
<36%
",163%
'
7
Feb
110
:
12,100
noy8
100
67% Feb
110
Feb
30%
25%
101%
.4
10
21
__!_50
Creek ' RR-
Beech-Nut Paokiijg Co—
27%
36
/
Beech
v.
Beeoh
29% < 29%
35%
4 '25 % <25%
163
11,300-
Shoe
19 %
.
«51 •"<:
"•50%
99
23%
Beck
42
•:;'. '-19%
;29%
110%
100
129 " '
-
27%
y4
50%
"30% i
30%
4 36%
21%
;
.>4oy2
v
-56% Jan
106% Jan
104
$4.25'
108 '
29%
29
.'
4t 50
101%
*162%
30%
27%
-51%
25%
42
"19'A "19%
,20%
28%
437'4 *
37
j25%
100%
,*162% 165%
Creamery
,!
428
preferred—™__1
No .par
4% % preferred™_!100
Aircraft Corp
1
•Beatrice
110%
•107
129
*124
•20%'
>26
,
,
'
.22%
":i4oyi
-
.*109
v
21%
•
*40% ' 42% ~v. .133 r
"■
■
28 '
108 '
*107/
,*125
30% 430%
31
.
;<< 36 %
.
:
;110%
50%
•
.22%
21%
,
t
30%
*109
52%
30%
,
37%
>*27%
fl0%,
50%
30%
'26%
30 %
27%
•
21%
19% 419%
30%
.27
•
110%
52%
.
*58'%"
"107% ,108%'"
*40% { 42%
*125 '< ■-133
'20%
20
30%
'-21 %
;
22%
42%
135
'
30
*109
.*109
:
"
•*40%
*128
"...
.27
109
,60%
110
X60%
:•
110
109
109
22%
135
61%
,
*109
,
~
"42%
„
*128
60%
60%
*109
;
Dec
28%
Dec
98%
Nov
155
-i
•70
72
.37%
'38
26%
/
1
69
•
>69
" "3T
,45
£ ;64%
64%
41%
<
*190
200
•
,53 -* •
.46%
19
V*-
53%
*
<16%
.'
,63
p:
<
50%
A
125
21%
39
40
•
12%i
!< 4i%
12%
87
29
'
in
28%
29
,
30%
31
r
J2J/a
•
,
.•
>124
31%
Monday
$lar.91
Mar. 11
Mar.-12
$ per share
$ per share
•
•
'
t
42
.42%
42%
<
62
6%
,
33"
126%
126%
'33
.19%
65%
17%
*55%
56
132% 133%
48
'
28%
<<
41%
10
10%
32%
43%
42
1,300
*•
19 y4-
67
132%
70
-
8%
; 8%
X42%
,
43%
Bush
.6%
Dec
Jan
78
Dec
Feb
109
Dec
49%
95
52%
Apr
67%
24% July
114
Jan
40 %
12
42 y8 Mar 15
<•
Dec
Dec
34%
' 9
73 % Jan
Jan
Mar 11
200
54% Jan
Jan
Apr
45
36%
17
Dec
Deo
Dec
191
335/2
6
56
<11% Jan "23
62
Apr
55
Va
35
<
Oct
% Jan
Butler Bros
150,'
>
93
•
NEW YORK
Sales for
40 y4 Mar
30% Jan
•
Mar
r35
Feb
26
"38
Feb
25
.
f
45 Va Feb
75% Jan
^——10
<
—100
;—™5
No par
_10Q,
>109
<
6
Jan
% 24% Jan
99 Vb Jan
?»
Jan
9
105
Apr
39%
Dec
Sep
111%
Dec
Jan
20%
Dec
19 y8
7% Mar
8
<77% Aug
95
59% Mar
81
14%
32%. Jan 29
6
16
15
Jan
87
Aug,
109
Jan
Jan
Dec
Oct
•
3,r8
7
36
Nov
110
3
35% Feb
2 ,<
Nov
Nov
,
27%
Jan
1.05% July
Jap
9% Jan
29
7%
Jart
28
Dec
Dec
'
101%
39
22% Mar
Feb
,Nov
Range for Previous
:%
Range Since January 1
•
Year 1945
Lowest
•>.,.
Highest
Lowest
Highest
5 per share
fper share
39
Shares
-
< 13%
<
STOCK
,<:„■ E3(CJL\NGE
39% Deo
< 42% Dec
-
30% Aug
20%
•
•<
a
Oct
Jan
29
<•'
'3
-
37%
/S
4 !
< 29% Feb 26
par
Jan
18%
14
15% Jan
Oct
Dec
22 V%
91% Jan
3 "
••
,
;24%
.
,.94% Jan
24 < 109%
Jan
Dec
97
Jan
Jah
29
Jan
'<
20
,>
•
Nov
25%
4
Mar
109,
2
25% Jan
2
45 ; Feb 16
46% Jah >14
.,
4
.,90
:
10
■
Nov
Dec
128
Jan
•74%
6
4
,
20%
.
Jan
ioy8
28l/8 Feb
18% Feb 25
Jan 10!
t
120
99% Jan
45 y2 Jan
40
12% Mar
2
106
Jah
23%
9
•"
Dec
Nov
35% Nov
2
Jan
130
3 ;■
25
36
Dec
15
<26% Jan
6
Dec
Mar 14
23 ye Feh
,;.
Dec
19%
112
35%
9
39 Va Jan
110
3
105
<
Va Mar
50
3/
Jan
< 21JA Feb 26
1
No
Mar 11
52% Nov
59% Dec
Dec
80
Max 13
.35% Jan 15
25
16% Feb
*
37% Maf
37'/2
Jan
113
2,
20% Feb
No par
Participatijog preferred
.
Jan
120
——100
preferred
100
Byron Jackson Co
28
•
38% Jan
M)—1—
Byers Co (A
•10% Mar
63
21.
•108 <2 Jan
common™
16
Mar 15 < < 37% Jap U
_100
Terminal-/
47
53% Jan
9"
18% Mar 14
—1—5
;
17% Mar
1
< 35% Feb 26
v
59% Nov
Jan
8
9
29% Feb
26
Feb
Jun
Feb
10.
31'A Feb
42 'A
Nov
.
10%
5% Apr
Jan
85
13
110 y2 Jan
•
<
34% Jan
f
21
Feb
common—1
Corp
_•
preferred
tfhe We^k
178
62
155%
25%
25%
<>20%
•<< 26: t
214 ^
26%
11%
11%
11% •;
11%
116%
.*115 ■
17%
133 V*.
46%
46%
26 %••
•27'/a
„
,28%
56%
<69%
*173
69%
61
62%
>106% 108%
,61
$ per share
25 Va
<25%
V<20%" :,'21 ■<,
25%
,26%
.,(<41%
12 Va
-•
25%
116
$ per share
♦115
18
35
<
33
34%
33
33
33
46%
;
45
45%
44%
44%
43
r
17%
17%
17%
17%
16%
110%
110%
110%
110%
110%
37%
37%
.37%
.37%
36%
39
•
33
39'
'39
;
Case
3,8^0
61%'
x59%
•
•f;
400
'
3Q0
'
-
6,600
<
.
:<<
7,600
6,600
7,300
60
1,000
'
48%;
113
.
,
4%
•
23
*90
18%
18%
*18%
58%
13%
23%
-
-
48
,113
*89
19%
59
13%
*47
"111
.
95
58
-
93
>8%
58
ju'
19%
;
36%
-
$4.75
preferred
23%-
22%
14%
13V8
,14%
13%
,13.%
12%
31
30%
30%
30%
30%
Central
Foundry
:
Co„-
28,100
:
"Oft
Certaln-teed
^
;' * ?
24
53% Feb
9
<
3
34-
Jan
•
Jan
<60
.40 Va
30%
30%
.29%
74
74 Va
.40%
39%
39%
29%
29%
.28%
72%
73%
<.v79%
36
46
*83
.
19
mVe
19%
59
58%
57%
;i3,%
12%
,13%
13
.23%...
.13 ya
22%
12%
29
29%
38 %
'
•
22
.46
1,000
112
Jah
92;
73
100
19%
500
'13,100
.
58%
13%
23%
13 y8
13%
5,309
29%
1,200-
38%
38%
29
28%
.29%
>
38%
28%
'
73%
74%
.73%
•'"
75
20% Dec
W72- • Nov
F|b 26
3
20% Jan
Jan
*
Feb
1,700
<
-
18,600
14,500
Champion P^p
$4.50
Checker
Cab
-—_—No
Mfg
Chesapeake Corp of Va.
Chesapeake & Ohio Ry-i
Chic .& East lU RR Qo
Chicago Great Wesfc BR Co
C1US3
A
'
5%
preferred
Chicago
Mall
Chic MUw St
Series
A
Order Cp
PI P.vtc
16
16
'.18%
Jan
15
203/e
13% Jan;24
Jan
preferred---'
•'
16
<'
21%
.
/
Mar
Dec
Sep
Dec
Dec
13%
Apr
25
Jun
11%
Nov
<
11 Va Nov <
109% Jan <
Jan
10%
Dec
.Dec
<<31%
1'
17
42% Feb
Jan
4 %
.
29
23% Jan
25
35%
Apr
16
66%
'
<110
< <159
115 JA
,.
Feb
20V4 Jun
£ •< 40
Nov
35% Mar
Jan
32%
26
51 Va Jan
16
33
Jan
50%
Dec
3
20% Feb
16
7
Jan
16%
Dec
Feb
25
10
108
Nov
<
180
29 Vb Jan
7
21% Mar
-.',
33
109
119% Jan
<•
>
■
15
28 V2
17
Jan 11
108%
114
,86y2 Mar 13
111
21
Jan
Jan
2
54% Jan
5
9% Jan
2
63% Feb 16
18% Jan 23
20% Jan
2
26 Vb Jan
28
9% Jan
2
17 Va Jan
x28% Mar 13
33% Feb
25
16
<i
31% Feb
.™--8
.
26
28% Mar 14
,69%J^n
9
Dec
Sep
■'.••
51 Va Jan
26
26
17% Mar 13
10%
31
Feb
45
8
Jan
43
J08 J/2 Feb
No par
No par
-,100
Jan
14% Jan
-—5
^-5
—!25
r—40,
--50
-50
Jan
28% Jan 24
"
par
'
42 y4 Feb
fcPlb COi—No par
preferred
Dec
s
J an
116
7
VIVa Mar 14
37
37 Vb
127;
Dec
Nov
14%
Feb
Dec
<<7i: <
13% Feb
26
10% Mar. 15
112
■
'
48%
Jah
21% Feb
lOy8Feb 26
..
<10
175
104% May
3
> •
Nov
82% Nov
Jan
29
2
25 % Feb
•<!
14-
! 29
33%
.
,
Jan
47%
66% Jan 15
109% Jan
Dec
•
Jaif 15
161% Jan
<.' 49 <
Jan
152
'
.8
<; 22Vz Jan
5 V4
Oct
Nov
Jan
357/e
Deb
135
7 ;
;<
/• Mar
21
8
•7.7
Jan
59% Aug
2
Jan
21
;,'/-56 <
Mar
32
4
.2
Feb
183
.
No par-
Chain Belt Co
.10
38%
,29%
•
700
-29%
%
23
<13
29%
V
36
7,800
2,600
i
1448.
.•'
*85
38%
30%
<74
"•<•'
<
<
Jan
Jan
52
116%
30
47% Jan
10%
,3
Mar
11,
2
<81% Jan 28
56
Feb 25
xlQ6% Mar 15
100
•.< '■ "
7
Jah
8% Mar 14
,154
1
6% prior preferred
90
J'an
'
No par"
No par
Products
Jan
57
40 Va Mar 13
Hudson G & E .Corp_No par
111 Lt ,4%% preferred—100
17
90
,X28%
40
—
No par
No P®r
i—100
No par
—20
No par
_1
16%
57%
11%
14
page
;
(Central Agulrre Assoc
Central
•
■
No par
1
1st preferred
21
134 ;
26
26
••...•■' < •'<.-.'•,;•.
<
2d preferred
Celotex Corp
Central
1
28
70% Jan
66
Oerro de Pasco Copper
112
96 %
13%
22%
see
Mar
<175
Century Ribbon Mills™
47
'isya
59%
22%
footnotes
10% Jan
48%
26% Feb
,
1
1,300
.112
17%
40
For
16
—100
—
7%
.5%
•
__25
1,300
-.47
Dec
Jan
16%
.
—
—
2,800
•111
86%
13%
,
:
Dec
47
16
55% Feb
46
•
Oct
128%
V .,'56 *'■
113% Feb
22% Feb
__50
33%
47
'
58
,-22%
73
series.
—10
33%'
113
<46
>111
30%
,
p-
44%
'<<;110^
45%
67 % Jan
;
113
96
>88
•49,
.48%
*112
«
44
36
NOV
Nov
< ,32%
Mar 13
26
Dec
Jan
Feb
18
5
33 V*
*35
<:
Apr
Dec
Apr
4
9%
Mar
<62%
'45% Mar
5
—__———
Co—
,
37%
48'A
;«
31
•7
2
33
•
■
37%
6%
:
.20
6
Jan
126% Jan
•tCent RR of New. Jersey^.——100
Central Violeta Sugar,Co.
17% > I"' 16% ■i iTC^'
llOia
-110 <8-110%
Jan
58
; 55% Feb
Celanese Corp of Amer
•
1,850
•
11 / ■<•'
11%; >v < 10%
- '
'< *115 ' < 116 y4 18%
,17% '<< >17%
40 /'
*•< >40 •<"j. 40%;
40
131
4
Ry— -100
43%
•
6
Mar
-.10
—
Co
Caterpillar Ty&ctor
6,3Q0
107f
I)
(J
Preferred
:
68%
;< Xl06%
Mar
par
Carriers & General Corp_
4,200
116%
<: •f 17%
,
44
'*110% 112
'
•-11
11%
17%
41
18 «
< 2,800
"'11%
"11%" "11% «.< 11 %■ "'
115
115
:
46%
<;< 17%
*107
11%
34
/
60%
108<a
59%
61%
1,08%
/< 11 X
11 Ve
;
Preferred
1.300
•
< 159
.40%
39
6,900
41
:< < 67%
28
37% Jan
5
4914 Jan".17
25
124
A—1.
class
Administration
Carpenter Steel
Carrier Corp
7Q0
>
«
i
200
8%
41
>173 <176
68%
.
<8%
,
176
68
.
-
'<<
.12% Jan
Feb
Jan
43
56
Jan
7
<
Sep
1%
''
,
,116
18
$3 preferred A
Carolina Clinch &,Ohio
,
26%
*17%.
Capital
100
•
21
*115
500
57;
<; -.57
'8%
52%
16
P 53
;
By—;—/—! —25
Pacific
{Cannon Millp—^———/—No
4%%, preferred
4i y4
27%
7% Feb
8%, Jan
•
i_,-100
Co
Ry
17,'
,
„
4
57% Mar 11
x30
—No par
Southern
600
w
-
'$4.25 preferred
Canadian
51,200
xl57% 157%,
<; <158%'159'" /
.•'••'25 < i,25y*
,.24%
24%
25%
<
23%
•<•' ■" 21
21c
20% "21
20%
<
"■26
'
26
•:
25% '25%
*25%. •26
<11% <11%
llVa; 11'A
17% '<17%
40
,40%
>
•
Canada
10
;56
56
133 < 133
•■
5
—No par
64%:
*16%
.
56%.
*173
69%
v
59
■157
25%
26%
27%
>63%
47 Va
7
41% Mar 15
310
•.
-48%/ 19%
v
•
& Hecla Cons Copper
Calumet
Jab.
2
7
Jan
<54{
1
; 3,700
127 '
:'54'<
;A7'<;« < *46 f} 48 c
%7%
.'"27% '27%
8%
>107
>158
.20%
.
11%
>'11%
<116
17%
.61%
158
*125 %
,
Zinc-Lead
Jan
3 % Jan
preferred—!—
Campbell W & C Fdy
f •v
108%
*106%
157 %
.156
< 2,200
42 :
54'-
17
< 40%
,42 Va
■176
68
.■«iC
r
•57
40%
176
.18,800
32%
41%
64%
'< <56%
< 8%
8%,
42%
9%
31%
<
58
18%
5%
Callahan
*67
f67%
.86%
<:
160
34,000
9%
.18%
46%
?
:
6
>
< ;<
*55% "56',
*132% 133
'
60
Packing—.—No par
——50
California
2,300
.
5%
125%
-
*16%
;
y4.
*132 %
•
%
'|6%
•56
*56
,46%.
476
,70%
< 16%
.
,
40%. 40%
*56
6.4
19% <
64%
132%
B%
42
*54
19%
168 f
86%
27%
69%
y4
13%
42%
112
xl08ya Mar
Apr
4
Jan
53
—No ppr
v;
:>4,%% preferred—
4,500 i < Butte Copper &" Zinc™;
t per share
31%
'
X125
66
*64%
'■>a
v
■AW ■':
56%
*174
58
Jan
6
Dec
Dec
17 V4
xl6% Mar-14
>6% Feb 26'
par
1
:
!
Bush; Term Bid? 7%
'»
3,990
f
,■10
X41% ,,42
•58
,,46%
:< 27 %
57
8%
♦111
<72
•108
_!
Co
Forge
Burroughs Adding Mach
20
350
Friday
6%
31%
>v
125
,47%
28%
•
32%
< 42
:
125% 125%
*54
' 58 ■
<
43%
178
*154
<
y4 Jan
:< 31
No
'
Burlington Mills
2,100
.60
5%
9%
10
31%
43
17' W
*16%
>55%: •56%
43%
Si 106%: 106%
<
18%
Jan
,68
",• 52% Mar 13
< 25% Mar 14
.-3
—100
No" par
No par
—
Bullard Co
13,200
>105% -105%
32 ya
32 y4
,41^8
*56
6ya
9%
32%
,
JL9%
46%
40%
57
65 % .85%
•j57
8%
61
.
Mfg_
kS5 preferrefi
Budh Wheel'
4,800
4 per share
-
42%
56%
5%
.
17%
17%
•55%' 5.6 •
/ 132% 132%
73%
69%
42
"
•
share
per
-
>:
(ifi G)
<f 1:4%" preferred
84%
<^Mu>lS
T)ec
109% Mar 11
,
»8% Mar 14 '<■
.< Buff Niag El Corp $3,60 pfd!—100
26%.. 28'A
.,-^lar. U--.-
32 V*
8
46?A Jan 23
(.44 JA Feb 26
.No par
3,300 >" Bulpva Watch Co. Inc.!!
.
.
Jan
7 <
Jan <3
44
No par
.•
.<'•• •;'<••! STOCKS
Mar. 13
-
Budd
4,400
<
28
28%
<>108% 110
"':7%; 7%.
,
-Thursday ■;
,.
6%
57
19%
■■,;
-
28%.
t
Ai 178
<
7%
7%
27% ;28%;
;,<■'■ 27% 29%
V ,105 A -106 v /
105 %
105
'
32 < 4
31%
32
/4:32
57%
'
v
•/,.
:
84
new
200
,
v
Inc
Co
<' Buffalo
'
11%
Shoe
Brown
,
1,400
.,,41%- 42%
.
Dec
20 V4
!
;
33% Jan 28
26
36% Jan
,179
No par
<_„15'
600
v
40%
41
*108% 111 f
"<16%
17,
; / / 12y4.
12%
</>92%> 94%
•.
>92%";,94%
t82 ' ^R4%
/ 28%<v28%
*1Q8% >410 ;;
29%
111
380
8,500
-24%
< 35
;
-100
Brooklyn Union pas—
14,200
.
;
4 7%- ">7%.
v42 %
•124% 127
19%
*17%
4
428%
*108 y2
»
22
-•
preferred
3%%
<
4.3QO, < Bucyrus-Erle Co
20
< '7% preferred-;—
>105%-106, <
4
94..
.84%.
700
/<f36':/<36%;
17
11%
42%
"V
94
.
'16%
24
<<■■ 35
36
♦108% 111
'
<^6% "
i6ya
6%
.
44,%
*54
,65%
*70
<
57%
33
43%
*53%- 58
<
39% /
41%,.
f,
40%
6%
10%
;
10
.
45%
*46
'
57%
6%
33%
*44%
,42%
57%
6Va
,10% 40%
.
< 39
;
;'36%
'•.
25%
16
t
♦56
,
,106
•*,108% ni*>
£12
?per share
,
i.
'-35%
•
•/'/ 36 51
.*l05i/4 106 <
351435 %
/40%.
X38
{40% 41,.V
TOW AND HIGH SALE PRICES
» Tuesday
■
Wednesday".
<.
{Saturday
<
106
:•
'•
Feb
60
-...15
! $3.60 preferred
110
!
1,200 < Bruns-Balke-CQllender—
<>95 >"96%
/
.96
38
Jan
113
-
.104% Jan ' 7
»
1,200
31%
*20%
>423% <24%
3.6:,.,
4.; 83'- /
5106%
32
,-
31%
125 4/
2
< 58 % Mar 13
!_J2.50
Brewing Corp. of America
A.—.
20
18%
19%
>124/
126
".20%~*21%
3
72%
Jan
13%
35 Va Feb
'
>35% < 36 f",-:
>109% {110%
19
95%
m
24%
.
:
V>112 >< 113(<
<>•32% .-32%
3.1
38% Jan
Jan
23
30% Feb
26
109 % Jan
.48
41% Feb .15
<26% Feb 26 <
Brhlgeport ^rass Co^_No par
5,900
Brigigs - Manufacturing—x_i.No {par
490 •<" Briggs & Stratton——
No ,-nar
42.50
2,200 /.Bristol-Myers Co TJew_
47%
*58%
60(
<<>,46 <% 48,
32
^
5,890
.
35%
*124
.
600'
5.3Q9; < B'raniff Airways Inc
:'r
16%
v.,47
77% Jan 29
2
Feb
29
•Borg-Warner Corp—
5
Boston & Maine RR (assented) -190
Bower Roller Bearing, Co
5
400
80
;• .16%.
!—8
No par
Blnmenthal & Co preferred
_109
Boeing Airplane Co
!——^5
Bohh Aluminum & Brass
!—_5
; Bon Ami Co plass jA™,——No paf
Class B
No par
Bond Stores Inc common-,^
■ '.
-!1
v
<4%% preferred T___
—-100
Borden Co /The)™
ID
8,100
26-^26%
*66%
33 % Jan
2,2 '/a Jan 21
•
' 48%
*8y4< 9i ■
'52% >5 52%
.
110 ' <
,18%
.,
Va
r
i
29
106
.
■-4v
4,200
-•
113,'i
*31
21%'
>34
37
29%
28
53,
■
100
•
0-32%
35%
<1091/2
125
95%
V 23
,
.
*
<
5,900
< V47%
.60 ■
£VU
:
.:
250
■
< 63% Feb 27 '<
-
130
■
200 f
;
k
,47%
,
32%
62%
110,
>190 jr.
>
"
85 Vn
29%
,
/
*112
19
•<■ 20%
'.*109
iUO .
i 7%
7%
,
.36
18%
-
f 34 -"•'
85
<4
>109% 110%
,•32%
<32
34
12%
4 A93
.
284a
m 31%
<-'• >OC <•/.;
46
>•
4<
33
32%
,
*106% 106%
<
.
.
53
,60
2^0
-•52%
Va
200
Bliss,& Laughlin Inc™—
BloomlngOale Brothers™.
22,800
9(5o
< :,i 41% < 42%
<X47%<^8%
•/"
49
113
>113
.
\8%>
28%
,
106% 106%
.
:
ill
/?%
.
<48%
"'
;406 ' r
6%; 36% ;
*39%
40% *
;--41%; Al%
>108% illl
>16% y'yiv* ;
30%
*109
'
8%
;
v
4iy2
,
52%
■
m1
V
61
I
.25,"
-36%
"
86
301: <>r-30<
'
>109
r
.94
*92%
;
<< <85
j
49%
*105%
'
,17%
;12%
12%
94
f85 %
-4
v
8%
.-46%
•
,124
"24%
A108% i'ii%
.17
,,61%
21%
22
r95%r 96
.
.42
/
19%
J24
'
<36/.40 ...
35%
.
.
36%
•19
,
*06
•
.
36%
25%
: >37
16%,
47 %r
*109% >110%
*32%;
>62%
<<;.6i<<<6i
Bigelo.w-.Sanf Carp Inc™_^™No par
Black,& Deeker lMfg,Qp™„_Nopar
Blaw-Bnox ,Cp~l-.
No par
:
200
31%
>109/
-ik,
8%
452%.- 52%
■*52% ,<52%
-"25% ^7%; W 25% 26'%
"*66 " 77 /
-"*66%
'77 >
j A ,16% <16% < •'4x16% "16%
33%
:
'
;96%
V
115
-
*33
,
24%
;
■
37 r
192 %
*112
-
22%
-95%
r
*105% 106
36% 36%
■3:f V <j41-'s-;.' 41
41%
42%
'*108% 111%
17
17%
v
^
(19%
*123%
25%
•
,
.
<115 4
19
96%
37
.
'
>24 < 124,
21% 22%
96%
•
33%
36%
36 %v
>*109% 110%
33%
33%
19%
.•25%
-*16%;
:
A? %V
<61%
/A 49 %»
;
4 33
3±<
<<;(•
"10%
r
<, "30%
60%
47% '. -'■<47%
9
K<-8%
46 Va
•
;
**66
;17%
.
•
;26%; 27'%
*
49%50%
52% :.52%"
.
V .-53
03
4
,
<48%
63 V
*112
.*33%
34%
'35% •'36.fi
*109% 110%
33%
-
.47
115
f
77
30%, 3iy4
♦44% >46%
< *111 y2a 112;:
*
-
•
109
860
1,700.
10,700
26%.
:
• 62%
.
»
'
•
-
<62% " 4 *61 y2
r: 110 < < < 109'
.60
58%
■60 '«
....40%
41'A
•
.4 40%
*180
*180"> 200
~
*
.200
:.
30%
.' 62
•
v'25%
46
<29%
.
>
37 i
-26%
31%
<*111% .112, ;
V
30
68%
37, /
(67%
••
37%
.
<>109
.i
Al%
r
.
452%;v53
p48% 44 447%V 48
4
*9 .? 4.
,
9%
;27%
83
*ii2
4
53%
<
41
*190
.26%
48%
*61
,
,
'53%
,*70
v
17%.
77
17%
\ .50
*9
•
54%
27%
27%
< *48
{; .47%
9%
: *71%
•
*<(52%
63
c109%<i09%<60
461.<r
-
200
47%
,
■
• •
<'
.
,42
200
.
53%
<' *53%
80
112
f
•
"
*45
?44%
4 29
30% '
; 63 y4*
28%
37
<"25%
.31%; :"s30%'
*111%
"
69%
68%
.
26%
*30%
.*ili%f.i 12.
•
-.60
441%
•
,40
.
29 %
' 63
,64 << •'
109% iwv* <
.
•
61%
\6jL
V/
28%
109%
*109-
.1-
45
*111% 112!
37
-25'%
•
*31%. 32%
*45%." 46 V: "4
'
44%.
4/69 "-v ,69 : :-■< 4
f.
:'V".. 36%.
26%' 26% 4
'
*111% 112 i
•28% 29%
'
71
T37
*70 4
38 nv <
<«25%* "26%
;
*31%
33 <! j'A>i
.
33:
%
■{-
'K x36%
<
27
< *31
•
Oct
55
Dec
Oct
112
Nov
41
Jan
107% Dec
14 Va
Jan
Jan •;.
22
Dec
47% Mar
58%
Oct
15%
26
Jun
12%
Jun
12 Va
Jun
Jan
6V8 Mar
5%
Jan
-
.24
Jan
8
15 %
Jan
.33% Jan 29
'24%
Oct
33
Deo
,82% Jan
-66 V2
Oct
74
Nov
43
Jan
28
34Vi Jun
27
Dec
FINANCIAL CHRONICLE
THE COMMERCIAL &
Monday, March 18, 1946
NEW YORK STOCK RECORD
Saturday
Mar. 11
$ per
t.per share
39%
39»/4
39%
A." 37%
74 V4
74
74
V
73
73%
72%
72%
73%
27
277/s
26
25
26 Vs
25%
26%
.
60
4
20 3/4
22
19 Va
19%
61
4
9y«
44
43
1243/4
123 V4
124%
123
*113V2
H6V2
52%
323/4
75
104%
106
74
52%
33%
31 Va
22
122%
120%
113%
72%
72 Va
106
23
62
62
61
61
*61
62
61
*195
200
*192
200
*192
200
■>106
112
*105
*111 Va
112 Va
4106 V4
102
♦101
*57
60
38
38 3%
38
55
-56 Va ■•.■;■ h
55% V 55%
158
*155
cc
191
,
192
*1185
*1123/4 •114 V
18 Va
,.19 3/4
22
22
35
/
31%
32 Va
:■
43%
,
35
V 430Va
31%
:
43 V4
433/a
43%
-
110
-
;
26%
26
51%
51V4
51
II8V4
*116
*116
20V4
,
20
20 Va
4
37/s
20 3%
47
33
33 '
33 Va
41%
A
*17%
29%
293/4
.
'
43%
/
i
44%
107
*107
V*
107V4
42
42%
41%
V4 113V4
*112%
113%
57
20 Va
20 3'a
19%
38 Va
38%
36%
57
57
15%
3,200
/x
1,300
32,200
36%
37%
35%
36%-
/-'•:/•/ V-'24%'--
'
56 Va
56.;
23%
24%
62 %
<2%
52%
V 18%
56
24%
62 Va
57
24'
/
,
f
*106%
64 3/8
10%
107
107
64%
.
•
57
-42
';>V
6
6%
$ per
$ per
40%;
24%.
23%
24 V4
3,400
V 61%
62
61%
61%
430
35%
36 V4
-35%
36
36
36 V4
4,800
108
109 Va
90
36% •■•v
107
i
6%
i
40%
40%
40%
*108%
110%
38%
.32%
32%.
39%
*38%
39%
52%
52%
52%
*51% ' 52%
53
53
53%
53%
*52%
32 Va
31%
31%
31%
107%
107%
107%
107%
*107Va
124%
124%
*123
125 Va
433/t
45%
110 Va
247/a
•
"
-24
i: *165
z:
/
110%
.
24%
j
104
•
-*24%
'•*;
39
52%
54
55
20%
21%
20%
21
104
39
*37%
*143
ZZ-
10
137
*37
Jan :•<
53%
Oct
if 155: 'I
Dec
62
200
Feb
Jan
140
100
/ Jun
Nov
183
May
59%
'32V4
•
:
:
Jan~l4
31%
72
Feb
101%
Oct
Feb
16
343,8
Jan
9
116% Jan
17
110
"16% Jan
3
"21
Mar 13
23% Jan
29
14
24% Feb
*533/4
'•••
NEW YORK
112
4
56 /
2
-
Feb
"
49
115
Aug
50V4
Jan
•42V4
:t£;:
.ZZ
40
24%
23%
•
*
104% - n'
32 Va
44%
144
M;
38
Jan
18
39
Jan
14
28%
Jan
46%
38
Jan
14
25%
Jan
46% Jun
40% Feb 26
/
47
Jan
29
31
Mar
47
Jan
28
/31
.Mar
14
Jan
24
4 Ve
Jan
110% Feb
16
90 Vs
Jan
Mar
2
Feb
20
9% Jan
3
x40
;
109
Jan
4
102% Jan
23
•
,
106 3/i Feb
-41
36% Mar 15
Jan
50
,38%
110 V, Nov
Jan :
107%
36
Nov
'413/4
8
26,
Dec
C 84
20
*23%
24
106 ' ?
*104
106
36
36
—
53 Ya Sep
5
Feb
16
30
Jan
19
118% Jan
12
110
Dec
116%
Dec
-'19% Mar 15
25 Va Jan
11
15V4 Aug
25%
Dec
}
2 3% Jan
123
56
4Va Feb
2
Jan
■132
'•
Feb 26
42% Jan
2
x32
10
28% Jan
29
22
Jan
17
19
6
3% Mar
36
6
26
Feb
19% Jan
26
>38
Feb
26
112%
Jan
4
Jan
4
12% Feb
26
Feb
25
109 Ve Jan
48% Feb
1133/4 Jan
15
18% Feb
8
8
Dec
108%
:>•.
Jan
5
63
Jan
Jan
3
•24
Jan
46
29
35% Feb
26
41V2 Jan
Jan
21
61% Feb
30% Feb
Jan
i
3
Jan 14
52
::
'
22% Feb 26
61 Ve Feb
20
105% Feb
5
70
205
2
lOVa Feb 26
Jan
Mar
4,000*
51
51
20%
19%
19%
V
200
••'
143
144
,:ifl% -20%
*143
; 144
.-
1,700
9%
31%
75 V4
9%
9%
31% A
'31%' '
30%
34% .'34%
135
'
34
32%
■;
•i
76 Z;
9%
9%
*127
135
♦75
75%
75
22,300
144
•'
9%
■
31
30%
*126
135
33%
75%
-
75%
9%
93/4
31
?..•
33%
24%
24%
24%
24
•■•
24%
24 Ve
34%:
24%
25%
26
24%
25%
243/4
25
111%
111%
111%
59%
58%
59%
59%
112%
59 V4
•111
60%
♦111
61%
X60
47
6,100
>
2,800
•4t9tq
25%
112%
150
1,400 ;
39,600
31 Va
135
i
24%
*111%
-
Lowest
44% Nov
5
.28% Dec
553/4
24y2
1,200
2,300
25
643/4
38%
48
60 %
5,800
Decca
Records Inc
Deere
&
49%
49%
47%
47%
11,000
39%
*39
39%
39%
39%
39%
39%
*38%
39%
*38%
39 Va
500
*32
34
33%
33%
*33%
34 3%
*33%
343/4
•34%
343/4
loo
42%
42
42%
42
42%
42%
41%
12%
42 y8
2,900
131/4
13%
12%
13%
263/4
26%
26%
27
82
77
77
34%
33%
34
43
12%
26%
'
*74
33%
42 3%
42%
*44%
47%
*45%
47%
28%
28%
28%
28%
*44%
27%
423/4
footnotes
see
page
1448.
43%
42
12%
12%
121/4
27%
27
27
*74
80
32%
33%
42%
43
*
80
33%
42%
45%
46%
'-
28%
49
46%
45%
27
28%
42
12%
12%
26%
27
*74
32
'33
423/4
*44
27%
|
•
43
*74
33
Co
Preferred
-
Deisel-Wemmer-Gilbert
Delaware & Hudson
st
43
12%
t.
9,100
Delaware Lack & Western
27
4,300
Detroit
40
/33
2,400
1,100
43
45%
*44%
27%"
X27% * 28
.
45% OUc
100
Oo:
2,000
Edison
*
Detroit Hillsdale ft 8 W RR
Devoe
/
ft
Diamond
6£
Raynolds A
new
Match
partlo
preferred
Diamond T Motor Car Co
23
24
111
1
100
1
—
80
263/4
80
5
Dayton Pow & Lt 4%% pfd
20
Oct
71
Oct
182%
Jan
199
Dec
6
1
Dec
Jan
13
Dec
iVa
3% Jan
29
Dec
Year 1945
;
Highest
Lowest
Feb 25
16
25
25%
14
24
3
,
Jan
3
Jan 30
Mar 13
34%
Dec
28% Mar
41
Jun
Jan
50 %
Dec
53
Dec
49%
Nov
20%
Jan
5
106%
Dev
106
87%
Mar
Jan
99%
/ 111
28
V
Mar
29
Xl 50
/ 102
51
:
Sep
Dec
24%
Oct
9
118
Jan
Sep
25 %
Apr
Sep
56 /
■
154
18%
34% Feb 4
129 Va Jan 30
43
Jan 29
Dec
Nov
Nov
5% Aug
4
.
"
Apr
59% Jan
122%
Feb 15
r
51%
*
Jan
9
NOV
42 / Deo
Dec
293/4 Apr
Jan 2
Jan 24
Feb 5
Nov
» Nov
52% Nov
Jan
25%
Dec
124
Aug
145%
Dec
112
^
Jan
16
30%
Jan
25'
16
■:
Oct
<25%
16
Jan 30
Feb
Dec
108%
Jan
8
6
114% Feb 16;;
41
43 %
.
37
•
Feb 26
46% Jan 8
Feb 26 V - 28% Jan 10
Jan 5
165
Jan 8
Mar 4 > 50 V4 Jan 14/
Jan 2
104 Feb 15
Jan
Jan
99% Aug
1"
14
$ per share
fper share
J per share
75%
30%
125
Oct
Oct
Nov
Oct
Oct
37%
Dec
28
Dec
Jv':
V
: !
jr.
vsevi
Chemical Corpv(The)
112%
34%
50
,
48 Va Feb 7 '••••••• 56
Mar 13 Kp 26 '
Jan 21
146%
Jan 17
' 763,4
Jan 2
12Va
Inc—2.50
Davega Stores Corp, N Y
•Davison
60
*33
49%
—pu
■j'-cTi'
Oct
108
Of J
Ocl,
.
in4-'
"i:: *111
*39
50 %
rf«ll
,Jf:.v 1»
Dec
53% Jun
26% Dec
■
Jun
'''ff
25
61
35
8
—
No par /
18%
'Sb $7 preferred
----No par
142
;LT Prior preferredNo par
73
ICurtlsa*-Wright
uL
iiiL.
1 > ^ 73/4
?;<' Class
A
■ ■
1 27
1
'-Cushman's Sons lho 1% fpfd
100 ,129%
Cutler-Hammer Inc—/iiL.
No par
32%
hi
'
109
100
38
10 /
22%
—100
160
30 Z 39
100
99%
preferred—
Cunningham Drug Stores
(The)
:t:
;
Nov
19%
«.«.
101% Aug
58% Jan
Highest
I per share
Par
'■TCurtis Pub Co
If: I
*23%
112%
'?
Oct
Nov
.
Range for Previous
Inc
Press
Ouneo
:
Dec
Dec
20
43
Feb
Range Since January 1
/Cuban-American Sugar
preferred
aCudahy Packing Co
■£'? 4%% preferred.
500
51
59%
•
:
52 Va Mar
29
7% Jan
'■
Jan
-30
11
12% Jan 28
5% Mar 14
/
16% Aug
18
38% Jan
Dec
17%
49% Jan
4
109% Mar 15
63% Feb 26
Jan
47%
16
27% Jan
•:
Sep
113
Jan
12 Va
19
57% Mar
-
Dec
50
Jan
16
67% Jan 21
26
33% Feb
Jan
23% Feb
56.
52% Mar 12
109 Va
'
r
July
7
6
p 17% Dec
r
Jan
8% Jan
14
417 Va Jan
40% Nov
106% July
10% Apr
18
17%
8V4
933/4 July
37%
Feb
115
Jan
15% Jan 12
54
v
Dec
45,
/
Jan
/
:
Dec
35%
■
26% Apr
V
,
Dec
45%
Jan
Jan 28
45
14% Mar 13
;
22
Jan
17% Aug
•
115% Mar 15
2.
Jan
34% Nov
109% May
17 %
6
Jan
Jan
11% July
10
39% Mar 13
47
7% Dec
31%
16
"•';"48. *;. .Feb^B:
33% Jan 17
18
Oct:/'
Nov
50
:
Sep
24%
106
109% Jan 28
Feb
■:
39%
29% Jan
10% Feb
-37
~26%
102
; Nov
48
26% Mar
46% Jan
4
42% Jan
37
34% -Nov
'
Jan
'
7
5:j:;6% Jan
32 V# Feb
35% Jan
Dec
124%
Jan
1
Jan
4% Nov
H Jan
89
Feb
26
Mar
38 Va Feb
-
;
; /
6
55
2
V 31
(
STOCK
if/ 7%
37%. 37%
51
36
143
3,200
"■
Oct
Oct
Dec
28
Feb
preferred—100
Cuba RR 6%
610
Nov
11% Dec
;
'
Jan
preferred
Cream of Wheat Corp (The)
5%
Nov
112
33/4%
•
Jun
50 Va
'i
29
3i%Peb
|:24% Feb 26
Crane Co
700,
*163%Vi
4a%x,44%?V v>
''■uj.'ii
44'.Z-
f
!
44
110%
54
18%
•■••
*104
104 %
*103Va
< ■'
'
*127
34%
42%
;
.ZZ 43%
128
*108%
39
23%.
*165
."A:
•
35
Va"''
:-Z Z' *50
201/4
lOVa
135
"!
*,:7« 4^
Z,
23%
38%
24%
*165
'*.<
44 V;
y
109
X109
39%
39
♦123 %
123%
43%
44
110%
109V4
31%
107% 108
108
123%
:
30%
Jun
41
Mar 13
Mar 13
34
common^———38 Feb 26 : 44 : Feb
100 v. 107% Jan > 2
109% Feb
800
—2 ~
31
Mar 4
,35% Jan
300
Crosley Corp (The)—
No par f37% Mar 13 r. 39'% Feb
Crown Cork & Seal
No par
49% Feb 26
62
Jan
800
$2 preferred
1,100
No par f pi 51
Feb 27 / 54% Feb
Crown Zellerbach Corp
8
29
Jan
3
35
Feb
5,000
190
$4.20 preferred
No par % 107 f Jan 21 >110% Feb
200
X
$4 2nd preferred—
No par :
115
Jan 3 • 130
Feb
-—No par - - 42% Mar 13
> 543,8 Feb
3,800- /•Crucible Steel of Amer
53%
Jan
18% Dec
29
1
1
V
200
Dec
50% Dec
Nov
28
Dec
-
106
»
29
EXCHANGE
4,900
50 Va
533/4
31
*107%
107 Va
124 Va
* 122
44%
110%
30%
31
X50%
55
Nov
,
16
45% Jan
-100 f 199
Inc
Shares
39
Oct
"
'
Dec
108 V, Mar 14
42% Feb 26
104% Feb
100
25
Preferred
Sales for
32%/ 32%
•37
50%
50%
54
107 Va
19%
75
38 >
51
30V4
'•
125%
37
32%
54
31%
108
45
32
38
38 Va
51
,
52
*143
34%
32
Apr
'■'•: 59
•
Apr
130'
11
50%
110%
;
•
11
67
23
Jan
Nov
93 Va Jan
,
156% Mar 15
178% Jan 11
20 ,:j:
preferred —,
Corn Products Refining
the Week
.
38%
25%
For
35%
Corp.——1
Co
Coty Internat Corp—
llOVa
24
*42%
Trust
4,500
,38%
25%
33%
Bank
-
*108%
24
*77
5
5 y
--50
3% %
240
$ per share
25 %
42%
60% Jan
9
Corning Glass Works common—._5
2,900
Friday
.v .-itiosiy
49%
Exch
Corn
f 5%
>1 is§iG
bstwie
59%
/ 50 Va Feb 26
152% Jan, 2
40
5Va
3839%
-
/•••.
•111
413/4 Sep
'22.% Mar
Coty
*108%, 110%
40
•37%
/'
54%
52 A
75%
*127
35 %
35%
•103
143%
31 Va
32%
32%
*127
45
9%
75%
9%
Jan
No par
No par
1,100
Mar. 15
$ per share
110%
.
■
.
•*165
V-
75%
143
143%
*751/4
Jan
34%
10
STOCKS
■■
ViZ
*
104
*37
50
104
40
•
46%
45
45%
44%
44
5
41- •'''
40
V
X31V4
45 V4
110
110
41%
v
53%
4
No par W
%
6
5
-
9
Del
of
lOVa
"
!
: 44% Feb
1
10%
Thursday
Mar. 14 f
• 108%
/"
313/4
24%
64%
201% 2013/4
;
10%
5%
I per share
31%
*165
201%'%
107/a
Wednesday
Mar. 13
t per share
share
♦38%
41
63%
64%
64%
yaf;
V
Oil
PRICES
SALE
'
Mar. 13
39 Va
45 V4
6
-
107
201%
10%
5%
Tuesday.i
•,://
204
10%
:?
107
64%
64%
203
,
10%
108%
40
32 Va,
llO'/a
107
*106%
24"
57% Jan
4
683/4 Nov
Jan
1063/4
5;
10
Copper weld Steel /Co—^
v'i' ConjrJ.pref 5% Series
Cornell-Dubllier Electric
180
:
62%
52%
:
5m '.553/4
fv56.^ ::
.
23% /
'
100% Jan
19
36% Mar
Cooper-Bessemer Corp_
$3 prior preferred-1
'
2,100
"
62
*38%
*123
*55
56'%../
3
56% Feb
Continental Steel Corp
80
t>4
,
19%
/■
23%
108,%
HOVa
.*31%
•24%
*53
>
99 Va Jan
•
44
*
share
40%
*108V4
/;
53
-
Motors
Continental
v
500
623/4
LOW AND HIGH
Monday
Mar. 11
f
;
xgr
Continental
4,100
24%
64%
64%
*201% 204
10%
X53
12,200
i25
*
18%^
*5,5
55
24%
24%
•26.%'vj
53' 'V''
,
18%
t,
■
'A
10%
■'6Va
..
36%.
204
204
.
•'24%
:55«0
.-■♦52%
55%
V Ai 54
25%
53 -"'V
19%
62%
36%
v-'- 36
57
*56
57%/:V
108% Mar
*
No par $ 110%
Continental Insurance
19 %:'/:/■'
600
38 Va
3
20
$3.75
55 Va
36%
Oct
Jan
104
20
153/a
Z37
Dec
18
No par
18%
36%
109%
72 Va
>
10
No par f.
55%
-
Jan
66 Va Feb
1
—
19"%
/
31
16% Feb 26
Can Inc
15%
-
71% Jan
107% Feb 25
of America
$5.50 preferred
Continental
15,500
113%
Dec
113% Jan
pfd
100
Pow $4.50 pfd—No par
56%
*112
113 %
*m
? 113%
*112
Nov
8
'
/
25
May
Continental Baking Co
200
>
Jan
9%
2
of Cuba 6%
Container Corp
3,300
6,300
■■
41%
39%
8
Dec
115
Consolidated Vultee Aircraft
16,600
if:
13%
107 -r/.
*102%
24% Jan
57%
r
19
18%
*24Va
Mar. 9
12%
;
•y&,
Jun
26
30
68%
Jan
Gas
14%:
*55 %
Saturday
40%
105
No par
55%
.•V.-62V4
11
13 %
106%
393/4
-
Jan
Jan
1
100
50
29
15 Va
v:
64%
12%
"♦102 vi
,
•
Jan
98
U1V4 Jan
par
No par v
56 Va
53%
19 '
204V4
:
31
5
Dec
Co
.193/8
18%
107
i3
40%
39%
•
Edison
Natural
Consolidated
Consumers
"v
1
108Va Mar
105
f Consol Laundries Corp
2,200
::
15
86% Feb
3
4
-
205
No par
160
42%
35% Feb
3
Jan
Feb
$5 preferred
4,500
42 %
Dec
Aug
,
Jan
Consol Edison of N
'115% 1153/4
43%
42%
Jan
58
49
No par V
18%
53%
■Ai--'
v" ;
' 1
;
1
20%
'•<
140%
89
No par
No par
5
Consol RR
'
Jan
170
Consolidated Cigar—,
41%
/. 41 ■:
Jan
42 Va
1
15
8
100
19%
24.%
*'•- 6
115
30% '' /
91%
Feb
X47
14%
15%V
56%' V X; 553%
19
64%.
X115
10T
107
V./
112%
15%
53'/a
/*10%
40%
41 :
29%
.
30
Jan
56% Jan
25
18
Congoleum-Nairn Inc
900
2,200
1
Nov
27
—
19%
"
24V4
A 204
293/4: V:
46'
Dec
48
Jan
No par
No par
56%
15%
24 V4
36%
41%
112%
*51 Va
A
28%
16%
45
,/
15
Jan
Feb
preferred
Continental Diamond Fibre
'
25
*106Va
293/4
12%
13%
40%
20
*55%
36 y4
46%
Dec
Jan
114
non-cum
Commonwealth
1,700
16%
16%
46
X23
4%
29%
108
15,800
Z
Jan
8
18
141
28% Jan
16
Jan
/ 49% Feb
205
(The)
Z/H
37% ''M V
*56
57
183/4
16%
17%
41%
8%
:
33%
108
•V; 108
33%
16
15
5
Dec
2
Consol Coppermlnes Corp
,
22% Feb
Oct
Dec
27
14,900
"
.
27
26
Conde Nast Pub Inc
; 900
2,300
"
39% Z s/
8%
33%
39%
-
15% Jan
Jan
A
57
15%
157/s
*15%
•
107%".:
".*107
42%
:
43%
12%
Pp:
12 3/i T; 13
•
"107
113
33
'
13 Vs
13 >/8
»
42 34
Z
-.108% 108 V4
A114% 115
43%
:V 42%
115
115
%
-
2
Feb
preferred series
$6
27,000
333/81;';: n
ZAZZZi:';" 33 Va
8%
25 % Jan
Dec
,
19% Feb
& Southern
100
hon-cum 1st preferred—100
2nd preferred—100
Columbia Br'd Sys Inc cl A_—2.50
Class B
2.80
Columbia Gas & Elec
No par
2,800
V,
64
68% Jan
No par
Commonwealth & Southern—No par
139,500
■
Jan
Feb
$3.60 preferred
Commercial Solvents
Z 15,100
.
54
Mar 13
104
Commercial Credit.
100
•
:
48
40
46
40
423/4
V; V 41%
X. 4
*46%
y-
45
29%
•
17
.
59
Columbia Pictures New
''
3%
28%
V. v. 29%
122
*118
90
5,300
:'Z
126% 127%
AK 333/4 34%
16%
•
:':A
67% Jan
26
*■'
preferred series A—
100
5% preferred
100
Columbian Carbon Co. (new)-No par
Z : 3,800
2
■>..
33
•32%
X4b
8Va
t
333/4
29%
43%
33%
108%
17%
43
4434
33
A4TVA
115 Va
47
"
-
33
46 3/4
40%
33%
46
46
108
17%
• <
50 .-: "51%
-
59 Va
20
48% Feb
6%
2,000
•
:' -;19%" ' 19%
33%
33%
33%
17%
!
37"
26%
/
/ .40
8%
8Va
47 Va
"
Z; :
126%
40
8%
::
108 %
'
42 Va
120 v
A
126%
108%
33%
/
114%
44
115
*117
126
46
-
46 Va
-
*1143/4
41
41
29
46%
51 Va
•
2,400
-
Z;z
36%
/
:
33%
33%
•
17%
173/4
46 v4
3%
v
263A
:
20% ///: .19% 1119%
3%
4
3%
125%
jAiyUy]
33%-:
33%
H
108%
108
108%
47
33%
33%
337/b
33%
108
"
"
4
87/a
8%
8%
83/4
::
50
118Va
19%
127
33%
•'
40 Va
: 40
,
27 V4
2,600
'
Jan
113% Mar 15
4%
4%
z ; •\.Z 900
94,000
ii%-:v':
110
-A no
105% A Z-'V 103"- 104
37% Z
.
43 Va
>
10
42v4
10%
109%
37%
940
29%/;/•
49
6
117% Feb
.
Colorado
50
fP.fi
29%
29
■
26%
52%
36
*34
'
11 !•' /
;
*104
27
118 Ve
203/8
127
333/4
v2;
'
*40%
ZZ
'
109%
37%-
50V4
118 ya
•
3%
;
47 Va
33 3/4
33 Va
46 Va
33 %
47 Va
33 V4
/■
20
•
4'
127 Va
1263/4
.
r
•
51%
*116
118 Va
•
1,800
ZZ- *28
V
43%
ZZ;.r 43%
42% Aay 42
10%
': i
9,600
•'■• ';* t
'.51%
51%
3%
•:'T'
126 Va
126
/
./ 37%
25 %
27
26
26
25 Va
*104
"
38%
:;
:•
36
42%
105 Va
r
105%
-
105
18 v4
11
7% Mar
No par
No par
No par
'5% conv preferred—
—100
Colo Fuel & Iron Corp new—No par
5% cum conv preferred
20
2,400
21%
19
Collins & Alkman
114%
17%.
29% ^
43
110
109%
:
V4
; 59% Jan
41% Mar 15
Colgate-Palmollve-Peet.
k' $3.50 preferred
40
21
29 Va
42%
11 V*
;;
10%
*1123/4
Dec
37%
6
Coca-Cola International Corp No par
7,200
18
*28
43%
42%
11%
,
39
29
*42
43
Class
66
Jan
16
3
20% Feb
50
Preferred
Coca-Cola Co
350
21%
An *34
29%
35
:
;/
1,200
47%
49
10
"'n' M-rVAAPv J.
109
48%
;
-
Jun
Jan
76% Feb
•
Mar 13
'
No par
No par
100
Cluett Peabody & Co
:Z
•-■•;/,
~
*108
:
114%
21
30%
29
43%
*42%
;;-; :V 10%
109%
109 % 110 ;/ /•.
105
;.
*103 % 105
38 3%
V 38
38%
11 Va
11 Va
110
39
•;"".' 17%
21 Va
>'
29
30%
*29
■
43%
v: 43
11%
4103
21
64 %
" h 47 Ve
,
1,700
•
18%
17
v
194
/
64
*1150
484::
•112%
*34%
v 343/4
30%
V
*29%
43%
109%
18%
21%
47 -•',:
Z; ;;:
■
437/a
43
18%
47%
108%
114%
*1123/4
21%
f V
48
46
49
*48
*1123/4 11*
35
'■/ 31
30 Va
'11%.
/
.
47 Va
109
193%
:.../
,
4,900
:
19%
49 Va
105
gtd
8peclal gtd 4% stock
Molybdenum—
Climax
V
156 Va
Z;.
'•:•■'
108 %
47% i ••:? •:
46%
*107%
31
vZ *34
•
*29%
47%
107 Va
22
22 v.;
V
35'
46%
48
193
i 65,;
>
,
*1150
107%
*1123/4 114 •
Xl8% -19%
65
53%
156%
158
*192
65
1180
47
48
49
.
.
V
192
64%
65
109
46 Va
: *107%
/:•'
47
109
X192
192
64%
*1185
533/4
;
*155
158
53%:
38%
*53
56%
*155
'
158
65:;"V;/:' '■>
38
54
X
'
-
37% Z-
54
$ per share
Jan
100
Clev & Pitts RR Co 1%
60
37%
*.
25%
205
preferred
5%
10
17
100
No
(The)
Clev Graph Bronze Co
•
43 Va Jan
No par
Clev El Ilium $4.50 pfd
104
*57
\
r37 Va
/
36%
Z
38%
*155
•>/';
•191v,,V;v:
K'V 65
41185
47
60
''
Highest
$ per share
37% Jan
Mar
preferred
5%
107 Va
*101
103
*57
•
'
65
4107 Va
*
*107
1073/4
59
Equipment
170
63%
4
Jan.
No par
:—100
5
900
112
63 %
69ViJan
*56
O. O. 0. & St. Loula Ry. Co
107 Va
112
■
.
*107
103
60
*57
64
•101
1073/4
103
*101
60
*57
190 Va
643/4
4
1.03
*1003/4
158
190 Va
112%
63%
1073/4
55
53 Va
4155
108
*110%
63
*107
*107
38
37%
*105
112%
63
"
59
457
.
107 :H
107,
107 3/4
4100%
64
*62
*106
108
*111%
108
112%
'
64
64
Clark
600
200
26
No par
No par
No par
10
No par
—23
8
series—100
No par
—No par
Tear 1945
Lowest
Highest
S per share
Feb
25
City Stores
62
*192
*105
*105
*111 Va
112
112 Va
111%
67 Va
9,700
24%
.
603/a
61%
200
*192
1,590
City Ice St Fuel—.. —:
City Investing Co
5 Va %
preferred
20
7
105-
24
24%
*60%
61
*200
*64
105
pfd 4%
C 1 T Financial Corp
2,700
'
74
X105
& E Co
Clnn G
12,900
31%
-
*71 '
74
23%
,233/4
4192
'
L
105
106
105
24
31%
31% "32
*70
Oil
Corp
Chrysler
100
V
52 A
5034"
Cotton
Chile Copper Co
y 17,800
123 Va
113%
51%
51
conv
Chlckasha
';/>■ 100
-
37
•;
.
share
No par
tChllds Co—
11,800
/; /.
/
41%
115 Va
32 Va
74
100
800
8%
41%
$3
270
19%
8%
t per
par
preferred
:
Pr pf ($2.50) cum div
Chicago Yellow Cab—:
v,V tv -
•
• -
19 V4
43
'
.
;
21 f
120%
116
52 %
23 Va
22 Va
*
*113%
124%'
120
10534
106
106
H"
: *41%
-
Z
'
y
Lowest
'i
Chicago Pneumat Tool
13,500
•
Range Since January 1
-
■<
Chicago & Northwest'n wL.No par
5% preferred wi—
100
2,600
V
61
*20%
8%
■
56
,
60%
19
8 3/8
42
51%
*72 Va
.
19
*114%
513/4
.:
20%
116%
32 Va
33
62;
20%
8 3/4
42
;•
1243/4
56-
19
V' 8%
X
*53
;
21%
/19
*
32%
*72%
•
22
22
44
4114'/a
116%
513/4
52 Va
52 3/4
*72%
V
124
.?
4113 %
*32 Va
/
9
20
'
.
•V:
V;
43
43
'20
8%
*42 Va
20'A
8%
*20%
22
*203/4
22
20 34
*19%
9
87/e
*53
*61
'
61
59%
-
"
56
*53
56
*60
60 Va
60
"59 V2
*53
56 Va
*52
'27%
74
26%
*
yy
10,800
'
Range for Previous
STOCK
VOHK
V;EXCHANGE
r.
,
Shares
V
40
26
.■
57
V; 49
38%
73 Va
*'
,•
•;
38%
39 V*
27
■>52
4
share
37%
39%
$ per share
741/4
26%
•
$ per
:•!) $ per share
$ per share
share
Mar. 14
NEW
Sales for
the Week
40
39 Va
-.•74 V4
'
■
Friday
Mar. 15
Thursday :
Wednesday
Tuesday
Mar. 13
Mar. 12 V:,.-,:
Monday
Mar. 9
STOCKS
HIGH SALE PRICES
LOW AND
No par
20
10
100
50
20
Oo_.100
42.50
No
par
28
-2
-
/
45
423A
37%
30%
41%
12%
25
75
Feb 26
29
Feb
4
27%
Dec
Feb 19
Mar 1
Jan
2
28% Feb
4
16%
Jan
28
7
108%
Sep
114
33 *
Jan
Jan
Jan
Jan
Mar
Feb
Jan
Jan
5
114
15
26
3
14
28
Jan
3
40% Jan 3
43 % Jan 15
27
Maf ft
113
Jan
61% Mar 12
50% Mar 5
40% Feb
5
37% Feb
4
50Va Jan 29
16% Jan 16
.27% Feb 18
77
Feb 25
35% Jan 28
44% Feb
8
49 % Feb 4
34% Jan 14
49%
Dec
Dec
Nov
39% Mar
47% May
34% Aug
40%
22
Aug
33%
34%
Jan
57%
Jun
7% Mar
16%
Jun
21
Jan
25%
Dec
67
Jan
75
25%
Dec
29%
Sep
Dec
33
Aug
45%
Nov
40%
Jan
48
Nov
16%
Jan
35
Deo
...
Dec
Dec
Volume 163
Number 4473
THE COMMERCIAL & FINANCIAL
CHRONICLE
1441
NEW YORK STOCK RECORD
'
Saturday
Monday
LOW AND
Tuesday
y
Mar. 9
Mar. 11
Sper share
$ per share
.
?
91
'
91
89
11105% 108%
*43'
"52%
"
42%
*
53%
88
v
53 %
53 %
29%
»■
26%
26
V:
26 Va
95
;
99
>
100%
156
154%;?,
115 .k
25%
24%
*112% 114%
112%
.
26
26
189%
"*31%
189%
25
*128
130
116
115%
.21%
:
22
114
238
198
63
63
31%
*109%
*34%
35%
*112
:
:
113
,.12%
»
26
,21%
.
>■
172;
*157
,
25%
;25%
34
35%
35%
*104
3
111
110
:.;;,4%
:"N-;i7%
% 83
83
95
.18%'
18%
26%
:■
198
232%
.*196
199
•
•112
,
12%
25%
--
6%.
69
-
;/20%,
19%
X164
rl65y. 168%
24%.
34
*
•110
110%
103
x
%
109
'■
>'
-
'
xlll
111
1
154%
155
*49%
52
'
Inc
79
•
Feb
300
191
>4%"
17%:.
;/■'
•'
'-•95,r-
111
82
33
18%
27
51%
9%
9%
.
:
;
y
.
.
-r"
■
82% -83
...
26%
y
*91
>
••94"-. •:
■17%
18%
26%
.50% '
...9%
•
83
1
.
•
Erie RR
800
^
*
*91 y t 94 '"'••.-•
18%
;
24%;
•
'
50%; *-.
9Va r;
;;;
50%
9
i
y
Evans
2,300
y'49 '/-V
16,500
9%
y
2
Feb
5
199
Jan
Feb
2
32% Feb
13
Jan
39%
1
Jan
21%
Dec
1$4
Dec
35% ;Nov
V 18% Jan
1170 "/ July
19.
71
;
16
111 v
Jan
Jan
66%
Oct
104
Sep
July
109%
Dec
39%
Dec
10
24
25
106
8
Feb
Dec
185
16% Jan 28
114
•
"49
Mar 14
39% Jan
4
229
200
Jun
112
Dec
13
Aug '
% May
Dec
80% Feb
5
42%
Jan
71
21
27% Feb
5
14
Jan
24%
Dec
7% Jan
24
7%
Dec
7
26 % Jan
28
4% Aug
3"% Jan
148V2 Jan
3
172% Mar
9
109
Jan
158
Dec
Jan
3
158
Mar
8
103
Jan
146
Dec
137
55% Jan
46% Jan
3
55
2
//.
Jan
5
75 ;-,' Jan
8
4
Jan
2
Feb
25
24
50
106
00
4
;•;.. 37%
40
t
104% Jan
No par
6
48%
Oct
29%
Jan
27%
Dec
81
Dec
li
62
24
Feb
,2
Mar
103
16
106% Jan
110
31
Dec
Jan
100%
8
111% Mar
.2
107%
Sep
15.
Mar
10
Jan
3y8 Jan
'105%
;
...
Dec
21% Aug
20% Mar
2
Feb
19%
55% NOV
Jan
111
Dec
43% Aug
34% Mar
ID
85% Feb
f
xl03% Mar 13
No par
18
Jan
30% Feb
22% Mar 15
.
Bldg
/
49% Mar 13
No par
No par
100%
37
Dec
Jan
106
July
July
July
108
6
101
Sep
Sep
5% Jan
30
1
May
23% Jan
28
12%
Jan
20 Va
109
No
par
No
Vacuum
Products
9
8
3
17% Jan;
No par
No par
par
100
:
80% Mar
4
'93
Jan
17
68 Va
Jan
86
DecJ
80
i
93% Mar 15
95
Jan
29'
86 '
Jan
92
Nov
i
Cleaner.
:>
.
17
8
Co
Corp
Exchange Buffet Corp
Jan
/.
3
17% Feb
26
23s/s Jan
•
5
Ex-Cell-0
1,200
18;
3
..No par
common
Eureka
Feb
Mar
5% Mar 14
Erie A Pitts RR Co
;3,400
25% / 25 %
..,'-.45%
,;-9%
,
/
17%. y 18 %
26
:
49
.10
Oct
129
117
38% Feb
4
shares
;
Office
192%
Jan
Oct
-5
19% Jan
5% pref series A
''
94 ^
18%-
'
Mar
Jan
Dec
125%
256
Jan
'
Dec
34%
113
26
-67% Jan
100
86 preferred
^Equitable
-
155
Deo
30%
5
123% Jan
11
11
113
151, Mar
20 %? Aug
8
2
111% Jan
Dec
Jun
Jan
0
;
85% preferred
230
14,500*
22,400
111%
Oct
33%
Apr
24% Jan
13
108% Jan
Dec
115
116% Feb
4
Feb
—0
preferred
260
••
4%
"•y-171/ "17%
17%'
:-*81%'
j 831
4.-:;#
.4%.
:y/i7
17%
*91-"
••
;/4
4% -/
Jan
28
■
4%
Feb
5
9,000v Engineers PUbHC Servlco.^
I8(f
y 85 preferred
105 /y
Feb
215
—-1
Electric' Power & Light.
87 preferred—:
30
■•.
30% Jan
...100
.*
Mfg Co.
Emerson Radio & Phonograph
Endicott Johnson Corp
5,800
K-
98
167%
27
2
132
Emerson Electric
'
.
110 -
204 1
17
Oct
29% Nov
122% Jan
110 Va Jan
28
26
Jan
Jan
Dec
29
114
Dec
Deo
29%
100%
28'
128% Jan
new„l
com
86 preferred
Electric Storage Battery
El Paso Natural Gas
:
)y
Jan
Mar
.
Mar
17
38%. Jan
2
65
7.
Jan
31
8
Jan
•61% Mar
1,900
-
107
115
,
22%
15
181% Feb
100
Ind Am
6
30
.100
8,300
*108%
-
~
700
.
33%
;
«
Boat
Elec A Mus
,600
24
•
Electrlo
'3,000 *
1y:-50 ;:Z "50%
*109
:,y
10,900
5,COO
18,400
y
.r''
*103
103'/a
xl08%
y
111%, 111%; !;
y
.yy34y;;.-J? 35
,34%
%W-
yiy>l03%. 105%
79*106
21%
165 Va
*
V'y 32%
79%-
20%
•51%
23%
107
V
52
50
•
W2
107
5%
.
29% Feb
104 % Mar 15
20
Elastic Stop Nut Co...
Electric Auto-Lite (The)
2,500
56
Jan
15
24% Mar 12
•
preferred
Mar
18
Feb
180
No
1st pld
preferred—
4%%
47
31
19% Feb 26
Bros Stores
50
56% Jan 31
-
3
Dec
109
par
(E I) A Ca
cum preferred™
Manufacturing Co
4%%
4,300
165
155
*49%
33%
32
-
5%
165
24%
>23%
.
.
26%
20% l
>
;
*151
-•52').
68 y4
T-'t
108% Feb
_i
Ekco Products Co
1:
26%
5%
106
par
'
yy 68%
'
6%
1,400
f
:
No
inc.;
Edison
98
Jan
17% Mar
33% Jan
Co^
Eaton
114
12%
26%
5%
19%
21%"
5
26
35%
••'12%
,: 69
;
Jan
105
23% Mar 14
—
30
38
5
14
116% Feb
-
$ per share
29
237/8 Mar 15
Stainless Steel Corp.
._.a
Eastman Kodak Co
No pal
2,300
100
Jan
Jan
.
Highest
fper share
50% Jan
90% Jan 21
Eastern
.
111'':
.25
103
169% Jan
*
1,200
34%
*112
;
;
63
30%
-
naaiern Airlines
•
3,000
*110%
12%
68
26.
61%
;•;..
113
12%
5%
,
169;
.
:
12%
y 68
% 25%
34
yy: 34
*112
113
:
.
3
30%
„
Eagle-Plcher
5,600
^
234 y-236
111 >"v;
110
.
34,; y
:
12%
69
20%;
110
33%
•
>35%
83
.
Lowest
109% Feb
26
.
preferred
1,400
y
37
52% Mar 13
par
50o
Duquesne Light 3%
25
26
113% Mar 12
International
84.50
40
Feb
143 % Feb
preferred
conv
3,000
111
>196 >>199
'•
63
34
.
;
'
31
vy> *io9ya
100
21%
3%%
i
—No par
common
Duplan Corp
yDu P de Nemours
Feb
39
No par
No par
-No par
84 preferred series A
Dunhlli
500
»y>
''
232
...
■■
83
?
9
Dresser Industries
1
3,800
•'
34%
..
Dow Chemical Co
V
-1,500
109%
-
33% -33%
63
30%
J
107 y 107
r
50%
•:
9%
234
109
'
21
21%
21%
108
y
154
y 154 %
155%; 155%;, y/
;y mm
50%'
49%:
;
52 y4
53%
•
18%
26 Vi
51%
.
.232
,yy'*78,!,y 80%
*
17% -17%
!,
26%
50%
>v.y *9%
80
104
•91
t
-
"
34%
•
♦196
24%
107-•
y V4%: $
y/;
33
'
'••k>
116
21%
*49%
52%
.
35%t
:
y;
83
•90%;
4%
18
.
.No
Dome Mines LtlL.»
500
130
*114%
31
169
110 '■ 110 ■
110.,; 111%
V
110 '/a
.
,
53%
103%
y
♦129
114
63%
yl/,34%> >35%
106
*110
:
y
A
Douglas Aircraft^.
1,100
188
185 %
188
130
:
30%
yy*6 ;.l
25
*78
105% Mar 15
preferred
Class
10,300
33%
184%
'
*106
par
100
par
Corp-Seagr'a Ltd
5%
Doehler-Jarvls Corp
> 200
;
26 %
26
•32%
♦128%
63%: T.' S 63
:y/.25%
6'%
51
33%
81
107%
331/4
X114
189
112%
35
157 :y
25
36%
t
*78
♦106
25%
♦31%
30% y;
12%
21%,
*52%
..No
Dixie Cup Co common— —No
8,200
24%
129%
f 107%
-
'"J''-
110
'
53%
$ per share
1
i2,800
•
>112% 115
112'A
24%
V > 21%
195%
*68%
157;
s
*52
26%',
>'f 50
$ per share
290
•
114
116%-
129%
*112 " 113
y
172
Year 1946
Highest
4.100
•
155 %
24
24%
•
112%
33%
*115%
<
''' 23%
26
•
188
Va'" ' "
236
*33%
12%
169
51%
24%
104 %
♦113%
114
63%
69
; 2 20%
159
*50%
237/a
153
153 %
-
*113%
.
y1
113
32%
34%
•109'/a
113
8 k y
21%
52%
28%
99 %
-
99%
30%
24 %
172%
,•
% 34%
,r
12%
6%
190
♦25
130
.1 234
195%
68%
26%
*6%
26/ •>■'■
98
-152
•
24%
;
113
33 5'' V
116%
•'34%
34%
: *112
;
-24
-
'>
115 Vy; i
*128%
/
110
♦109'/2
y
>>
24%
;
32%
30%
■y
Rahre for Previous
Range Since January 1
-
Lowest
Distil
400
-
:•
52%
■
-24%. -24%
:.:•--
114%;
21%
21%
•*112 ;Z 113
63%
,
30 y8
1
900
28%
53
28%
•■
x28
> 25% v.i
v
•; >99%
97
y;;;
-r
194%
69%
41%
52%
153
188%
237 y-
12%
69%
105%
41%
\
114%
•115%
•
105%
41%
•
i;>; 63
31%
110
24
V
•
24%
35%;
234
:
STOCK
Par
2,700
87%
106%
53%
29 JA
153
'
;
22%
114
y 194 %
y
>•■•
115% " >■'■
•
)••'
130 •■' !
35%
238
99
24%
•
115%
; m%
35
*195
,
'
21%
i
114%
35
•
33
♦128%
*115%
52%
88%
87
85%
4ira
113V4
*112
189
188
YORK
EXCHANGE
V
Shares
share
*105%
--
. •
43 V<
113%
■••
113
25
33
*31%
105%
28'A
-
S per
$ per share
155 Va
;;
25%-
•
53%
29%
97%
•j:
*113%
25
NEW
the Week
•
'•' y
'•»
115%
*113%
Mar. 15
Mar. 14
88% "
105%
■
>41
29%; •
>1-125% >25% /■
154%
c
*52
86
;
.
108% V
'■ 43
%•,'■•
43%
:•••'
28%
99%
STOCKS
Sales for
Friday
Thursday
y
-
Mar. 13
Sper share
88%
*105%
;k
43
29%
*151
-
'
26
'
PRICES
Wednesday
1
$ per share
29
i
SALE
y
Mar.-12'
,91
■
; 108% >
♦106
44
HIGH
3
22% Jan
,
45% Mar 14
14
32% Jan
;
:
30
63% Jan
9
10% Jan
28:
61% Jan
3
75
11% Jan
/. 15%
Jan
6
Jan
V
Jun
20%. Dec
Jan
42%
15
8% Jan
3
2.80
4% Nov
28% Dec
62 %
Nov
9%
f
Dec
/;try:,y /y
,67
;
67
:.;64%u65>v-
28%
28%
15%;
*22%
16
23 /
*110%
111 :;•-
♦47
i
27%
15%
L
*22
•
47
28 %
28
15%
61
:
107%
'
•
28%
15
15
27%
1
61%
60%
60%
36%
3®
114%
74%
60
;49> /
36
400
28
61
60%
36%
10
17
Jan
26 V«
Dec
112% Feb
13
104
Mar
54% Feb
7
32% Jan
10
Federal Motor Truck
Federated Dept Stores
4%%
conv
preferred...!
-28%
28%
/
73
-
.
107%
73%
*59%
35%
*106% 108%;
60
60%
36%
ii4%
17%
;t:
59%
47%
1
r
y-
t\
;> 35%
47:%
16%.
48%
,*4T
..♦45:^^4,8%
16
16%
15%
*80
8,500
-.
48%;
167/8
300 ;
r
.
"
240
45%
2,300
,
Jan
3
9
No
AjL*...No
8%
conv
preferrtd
34% Feb
110% Jan
par-
\
40
•4yyy2,700^:'.;;'1;Fq^fnHSieeler ■ Corp^.l,i,^,;^,J> flA-/
;$ylvl-y i70i I;'; ••#*;•'.• pglor preferred
2ft '
-'27%'
*140
28%
152. ii
.51%
52
37%
'
•:
-
11 2,200
.
38%
V Fruehauf Trailer Co
>:>>>/-■■
LpW-ANI>-inOH^8ALE- PRICES
Saturday.Mondapv? i>.y. - Tuesday •.:• ■■'<M Wednesday •:••;>' ; r: Th«rsi«y
yr-Merv^;
pistil1LS"1:*;""i."
♦13%-
$
<
13%
■::l 9%
>22%
20%
23
•23%
24"%
*72
76'
13%
9%
*20%
1
-
v
^
14%
*59%
.
•;)_
-
'
,; 14%
per-share:
60%
;45%
45%
-'91: y' VI
:
23«'»
i3%- •.
24
per shape?»"
1-
8%
,\i .22
t per share??-
22
03;
-v
i
•
118
1 •106%
109
63%
64
'
♦188
13
23%
/■
>:
:■> 56
58 Va V.
1
56%
58 V»
46%
y
48 y
48%
97
98
93
93
93
.
93%:
j
-
32%
yi
151%
'
i
177
32%
*175%
/*62Va
12%
,
12%
190
23
46%
y
•106%
123'8
23
12%
41 r±
'188
y;
39
51%
151
,
;i
:
3
31
12
40
.
•150
32
*175%
177
-■■'
6274
12%
;
;v?
y>
>
-
31
*175%
177
.
46%
47%
45%
47
>
51
51%
49%
50%
y
44
,175%
■
•
;•
k
i.y
■?■•
;v
x45%
...
Va
150
148 Va
|
46%"°
Jan
45%
53
Oct
10% Dec
10%. Dec
6
30%, Feb
44
Dec
13%
Dec
6%. Mar
Feb'
2
f 47% Jan
9
15%. Jan
35% Dec
59%. Aug
80%
Jun
Jan
81% Mar 15
;■'•*• 47 -V Feb
26
/
75
44%
Jan
150
45% Jan
Dec
Dec
-
May *
51% Nov. ,y
.
/:
29
iRsiweSlnce-Jaana.rv .1,
Lowest
10% Jan
1 y
2ft y
,
-Ao par
No par
Co——
20
;
>
1
Wood Industries Inc
50
;
;__n y/
—
50
8%
19
22
22%
Feb
Jan
Feb
Mar
Mar
3
26 y
2 : ;.
27 y;/
13y yi
73
13 y..
12% Jan
5
54VaJan
35%Jah
78
Jan
,
38
15% Feb 16
11% Jan 29
20Va Mar 12
26
Jan 15
29% Jan 29
85 - Jan 28
16% Feb
Year,1945"
Lowest
ft per
6%
.
share
,
•
Deo
,
^
;
Highest1
$ per skate
t
12% Dec
Jan
10%
>4% Jan
Dec,
16
Jan
19%
Nov
14%
Apr:
29%
NOV
16% Mar-
28%
Dec
66% Feb
86
Dec
14 Va
Dec,
7%
18
Jan
51%
58
Dec
Jan
40 %
NOV
58
Jan
80 Va
Dec
12%
•
Nov
23 ;
65% Feb 18
51
Jan 24
101 y Jan 24;
3
4
8
v „>
'
Highest*
$ per share
5,600
VGen
-1
Amer-Investors
1,100
$4.50 preferred
Gen Amer Transportation
General
50
7%
10
33,900
i
cum
par
No par
No par
General
100
No par
100
preferred
Cigar Inc
7% preferred
General Electric Co
Jan
14
68% Jan
Jan
24%
Dec
Jan
15
No par
14
190
Mar
7
27% Jan
10^
15% Jan
8
109%
61%
Dec
8%
Jan
14%
Dec
160%
?/■
185%
27%
Dec
15
Dec
Jan
38%
Nov
19
114%
Jan
145 Va
Oct
27% Mar
36
Oct
Oct
172
May
153
Feb
52
Dec
Jan
17% Jan
;,•• e •..•■ Mar
35% Feb
180
Dec
Apr
49
44% Feb
152% Jan
,
Jan
104%
28
108
y; 12% Feb 26
>182
Jan 28
.•
22% Mar 13
11% Feb 26
33% Jan
3
139
Jan
2
31
Mar 13
171
Jan
2
45
Feb 26
ft
/General Cable .Corp
.'■ •.
Class A
1,000
46%
No
General Bronze Corp
'
2,700
Baking
19% Jan 28
.17% Feb 26
107 Va Feb
5
60
Feb 26
100
0
5
preferred!
$8
•2,100
-
Feb
37%
Jan
49%
Sep
40
Feb
56
Nov
•'.k'»Y V:
'
44
/
*130%
44
.
131
*119%
124
72
130%
-
*120%
72%
*128%
20%
36%
5%
*40%
.
1.
41%
*142%
129
•
20%
34%
20%
*34
5%.
19%
41
19%'
*40
'*142%
44'/a
44 Va
44%
130%
130%
~9%
♦27%
28%
27%
27 'A
page
1448.
,
>
9%
27%
Jit *44'A-
130%
124
120%
129'A,
20%
35%.
5%
20%
40%
••; 20%
33%
5
19%
38 %
♦143 /
~9%
27%:
130 Va
*118
72%
129
y
.
120%
'71%
72%
*142%
9%
see
•
5%
20%
9%
footnotes
71%
20%
34%
9%
For
*120%
*128%
40%
S-;
//
.130%
;
72%
5%
5%
20%
129
•
20%
20%
124
-71%
129
*35%
44
130%
;^:i5'arr»
71%
*129
129%
,
5%
39%,
150
45:
45 -VI45
900
General
*130%- 131
120
70
1
119
73%
♦ 129
20%
38 Va
*143
9V4
8%
26 %
27%
26%
39
500
Gen
Outdoor
700
Gen
Precision Equip Corp
Gen
Public Service—.
5%
38 V2
r,
.
5%
20 Va
*143
>
-V
4,500'
39
150
8%
9 %
26 %
26%
•
36,000
:Gen
900
vt*
/Gen
J.-,*
VU.I
?
01
13,500
3,760
e-
6%
preferred
Public
Adv
General
Utilities
Refractories
..
—
No par
100
10c
No par.
.-
43% Aug
4
Aug
134
Oct
123
14
80% Jan
30
62
Jan
Feb
5
125
May
2
23% Jan
29
10
33 % Mar 13
40% Jan
14.
22%
123
Mar
18%
38 V4
142 %
7%
26 %
Mar
4
4
Mar
Feb 27
Jan 3
Mar 13
132
_
7% Jan
22 »/8 Jan
47 Va Jan
15'
,
77%
Mar
Dec
Dec
130
Mar
Jan
23
Dec
Jan
36 %
Dec
1% Jan
7%. Dec
24
15
Feb
27-
11% Feb
8
33% Jan
15
144
52% Aug
127
114%
8
Jan
4% Feb 26
5
Feb
6
135% Jan
20
No par
10<*
Corp
Railway Signal—
preferred
Gen Realty &
10
—No par
common—No par
Utilities
51-
Feb 20
Feb
4
119
Mar 15
70 % Feb 26
xl28
Jan 4
100
—
600
$5
130
preferred
20 Va
19%
9%
27
conv
56% Feb
49% Feb 20
43
100
General Motors Corp
65,400
vv
—No par
33%
•
150
——No par
Corp
common
129%
19%
8%
3%%
,
Mills
preferred
20%
33%
5 Va
200
72%
V4
5%
Foods
•33%
,20%.
19%
r
119
71
130
4%
r
4,200
.General
-*•
131
33%
20%
34
20
.51%^51%-
,r
146
Feb 28?
55% Jan 28
-
34% Jan/ 4y
Dec
27
.
28
Feb- 9
i ;; 35%,Jan 28.
.
Jun
43%
25
49% Jan 17-
19
y
-
AVi% conv preferred—
Gaylord Container Corp
5 %%'conv pref erred
>240
.
31%
*175% 177
.
y
2,6001
1511
31 Va-*31
•.Gar
1,100
12%--<6is-K| 12% I 12%
175%:
41
15
14
Feb
Usage far Previous,
5,100.-
62%h>n»lu62 fl.. 62 Va
..38%,
31%
Dec
Nov
•':
Cd2 %£0."SS s'f la: iisVT'2 Va
Vl; 150 V-,
151
i
'%
■
■
*188
.191 '^hV188?rti»l
; 188 1
*22% • >•;'/... 22%. -22%-.-Jh 22^ 23
11%
-
' yyiv
• ;
14,100
Oct
38%
111%
48% Mar
142
1:
(Robert)-*
$3 preferred
60
Jan
Jan
July
23%
86
9
(The! common1%^%«.l
.Gardner-Denver
10
17%' y7.5«';;17% 117 % 1-i
•106% 1109% <TJ. ..*106% 107 Va'
...
22%
y
12%
1,200.
17%
.-,1
63
.12%
12%
i I
109%
.,,63;
32
47%
50%
63
-17%; •17%
151
32 % v
177
51%
109%.
40%
151%
47%
•
23
;
42%v
51
17%
190 VI
*188
:
13 y:i
47%
44
17%
*106%
63%.y
:'•''• 40%
152
32%
*175%
18%
Gabriel Co
6%. preferred—
Gameweil Co (The)-
.3.900
:
42%
107
21% Feb 16->
2
YORK STOCK
EXCHANGE
i-.
■1.500
yy 46
.
1', *69-75
>13%
13%
ik
,
/Galr Co Inc
200
59 %>
;;.k:y 23*
42%
>
.46 yy;
13% y-;vy 12%
41%
♦151
♦188
22%.':'22%
'23 ' -23
23%
12%
190
23
1
.
20.700
U%,,
91. >'
5
16
18
50
8 per share
y: 1,900
.73
63 Va
,
.
12,800 V
9Va
20%-
/
-;12%:
I.;
Feb
Jan
110% Mar
Apr
4
Jan
Shares
.< ..73;.:
t
14%
1*106%: 109%
12%
12%
1
M 22%'
>
17%
k
1
NEW
the Week
12% 113;
'v8.%
''.20%-
•;.v ;'■•■
18
.
tper share
20% 1.
.
Sales for
i
^Jllar, 15
■> 9 %
20 %
11
v>;¥*ida*y-
-1311..
12%
9%
76
45%
VI*.
f
.
;'$
tper share
•22,ya. : 22%T
mp 14%
ft *59 .1
,
-
t
20%-- 20%l
A *78'
f
-
Nov
STOCKS
i.-4
$ per sharer ■1
Dec
70%
105%
2
26% Jan
1
new.
17
2
27
7%pfd.—180.
Freeport Sulphur Co_
L_10
•
4,500
Nov
63%
50% Jan
'37% Feh 26
F*k'n Simon A Go Inc
c_
34%
Jan
18% Jan
3
72% Feb 26;,
IS
ta
j
26
PranOiaco Sugar. Co^———No pat
3,300
Apr
67% Jan
X40
Food Machinery Corp_..
64
115
2
11 ;
Jan
11% Jan
80
2,300
Dec
Dec
107%
33% Jan
x77%
*26% ",28",
18
59%
Jan
53% Mar
29
41% Feb
26 1
^41
_1
—
80% Jan
109% Jan
/
;42
Feb
16%-Jan
100
Food Fair Stores Ino
y;7d:';';
9
> 54% Feb 25
par
It'ollahshee Steel €orp^M«MMM.^..iOi
3,100
<
81
45%'
/Florsnefia 8hoe class
y
107% Mar
Flintkote Co (The) com....No par
$4 preferred
...No par
Florence 8tove Co
No *fi*>
"Florida Power Corp
...7%
-1,100
y:
C.!'17;.'ac17%
167a' .17%
»•
7
x66
100
"
90
.^.47%
•;"47
17%,
-*45%'
preferred
First National Stores.
6,700
16
Feb
25
4%%
1,200
36%
.*l!2%:s114%v
Feb
Jan
34 >
Mar 14
Jan
Jan
103
1;'. ?;-J,vyi.
y
Firestone Tire & Rubber
300
*
7
50
9
61
Oct
Dec
Nov
21% July
14
Feb
28
Jan
427/a
32'/a
y
9%
18% Jan
;:: 647/a Jan
108
110 %
28%
26
26
Mar 14
10
/"<■'. "
23%
14% Feb
105
,
25% Jan
.
,
50% Feb
y
>
• v.
Fidel Phen Fire Ins N Y
2,700
74%
73%.
107%
*112%
48%.
»
900
60%
v
y'r' *>?•..'•
1 '^-y-
•■
No par
'
Feb 26
.26
No par
..100
Ferro/Enamel
1,100
•
4
„.8
280
28%
41% Jan
Federal-Mogul Corp
2,700
r
2
lQ
3,700
63
110% Jan
Federal Min A Smelt Co
1,000
par
No par
15%
36%
,114%
36
*113
17%
;*
26% Jan
61 %
-
46
V
Dec
21% Mar 14
106%
Xl4%
:
62
62%
73%
113%
■
Nov
20 %
28%
108%
.
47%
49
17'/i fl7;«A
*44
73'%
•107%
:
113%
>
36%
60%
'>62",
t 62
63
108'%
36%
114%
Nov
Jan
12% Mar
*105%
-
73%
V
65
25 Va
9
106%
•
59%
*107%
,
107% 107%
Jan
5
19% Jan
106%
62
62
74%
.?••
42%
36% Feb
14% Mar 13
$6 preferred
'yl.'-Vv
61%
^74
:
28
y 27% Mar 13
,
44%
*27%
15%
400
:,
Jan
20
No
Fajardo Sug Co of Pr Rico
13,400
111
44%.
.
Fairbanks Morse A Co
Farnsworth Televis'n & Rad Corp_l
Federal Light & Traction
18
2,200
.{.yy
21%
•110%
46%
27%
107%
,
111
46%
•
15%
60%
29%
I
*110%
y
1,000
28 r.
14%
*21%
47
.
106 %
•30' ';> 30%
-
.
15%
62
*107%
V
22%
■
*110% 111
48%
28 %
*15%
15%
28%
123
3%
21
Jan
Feb
Jan
Jan
4~6~%
140
8%
34
Dec
Oct
Dec
Dec
>
1
NEW YORK STOCK
Monday
Mar. 9
$ per
37%
38
■■•"7
38 3%
39%
-
111
105
45%.
*103%
105
46
110%
41
12%
12% r
9
9i%
"':"■.
22%
22%
34%"
34%
-7V7
*111%
31
}
r 39
ii'f
•■
■
9%
v,
77
21% ®
3477/
f
i
57% 7:;
56%
M
18%
57^
184
7
30%
30%
75
*84
>'■ *65
84%
*65
Hi 84
••
,33%
1.
*109
'
•
-
34V
24%
25 %
72%
721%
60 «A
60'A
•
•25
72
i
25
•:
V.4
7-:''7
7
73" ■•"/;■/
32
*92
24%
7.77 2477
;
73
31%
23%
*110%
112%
*110%
112%
*111%
113%
111%
*107
108%
108%
108%
£*107 Va' 109 %
*107%
14%
®7"
14%
*101%
103
*14%
14%
14%
13
13
*123/4
13
*101%
14%
14 ;/
14%
%>
•".*33%;
34%;
109
108%
*80
13 9
138
27%
'1
■
31
v;.'/.•/'
65%
24%:® 7/7: *24
66
*64
■i 241%
•28%-
52%
24%
241/2
*56%
7
V
23'%
.
77" :7
32
32
111%®
137%;';
82
29%
•
;T40
7
*24
30 7
29
29
521%
50
22%
,
55%
56%.
30%
31 Vz.
■
52'%
52'%
51
11%
11%
.>'.11%
26
.
-7'"?
83%
84
51% ' %'V ..50%:
11
:
20%
20'%
21%
''
11 v#
377/a
38 V
111/8:
•
,
29%
8%
20'%
37%
38'/a
28'%
87/s
.
:
29
38% :V
Va
.
-
'
'
-:;55%>
56
;v :v
31
8%
8%
TiS'fi,
LOW AND
Mar, 13
40%
40%
40%
Dec
109%
Nov
:
23%
28VB
v
$2.25
,52% Jan
22% Jan
28%; Jan
5'A Mar
Oct
82~
14% Mar
*
3%%
preferred
Houston Light & Power Co.
Houston Oil of Texas v t c.
493/4
10%
5%
20 3/8
&
——100
No par
106% Jan
33 , -Jan
20% Jan
15% Jan
103'/? Aug
:
preferred
non-cum
28%
6
19
8%
Hupp Motor Car
Sales for
Friday
Jan
.
33%
-
63 A
26%
25
IT
t. per share
Mar, 15
t
Shares
Jan
"
25'A Dec
51
12%
34% Jan
41% Feb
A1
9
gov
87%
Jan
26% Aug
"
Year
23/4
J6/a
34
./
y
9/4^
Previous
1J45HiirheBt
S per share
$ per share
$ per share
$ per share
Dec
Jun
23'A
3% Jan
Highest
^
58,,4
.14% Jan
10% Jan 30
go^
23,8
.
2
10
25
Jan 17
25
Lowest'
nov
^
60% Jun
1
34 % Jan
$ per share
Par
gov ,
rtv
16% Jan
Range lor
,
g
gee
•
4
EXCHANGE
the Week
per'share
W
90
.138
Jan
42
16'
July
138
.
23'A Jan
41% Jan
9
January 1
Range Since January 1
STOCK
NEW YORK
103
£g
™
189 ' Aug
39 A DC
'
12% Jan
;
Dec
35 /
71% Apr
- Jan
22% Jan
83
Jan
130
Feb
72
Feb
123
Feb
21% Aug
60'A Feb
2
Nov
2c
_
170
.
Dec
i^ii/
.
29'/a Feb
Mar 13
27
H
'
,
gov
i a
108
Mar
20% Jan
100'A Oct
-
6'
Jan 14*
Feb 26
8% Jan
3
33% Jan
14
104% .Dec
Oct
103
Sep
66% Jan
93
18
100
,-Hud Bay Min & Sm Ltd——-No par
.—No par
Hudson Motor Car
38
.
9%
Jan 25
Feb
2
3
8% Jan
100
Manhattan
. Apr
43'A Dec
7% Jan
98
gee
155
Apr
*3tf
.
gov
°
110% Jan
29% Dec
121
»
7
Mar
19% Jan
43 /z
27'/8
Dec
18% Jan
152
Oct
®5% Oct
111
83
-5
39.
,
105
iXu
'
'02
3
3
"49% Mar 13
25
/
•Howe Sound Co__
Hudson
27% Jan
Jan
58
49% Jan
28% Feb
2
55% Mar 14
No par
com
Jan
«
Mar 14
50
21% Jan
com—
Household Finance
9
Jan
104'A Jan
;
Jan 15
28% Feb 20
No par
12.50
No pai
preferred -—50
l—:
Houdaille-Hershey
31%
112
/
8%-
--—8
(A)
Homestake Mining
51%
,
10
Holly Sugar Corp—l.
'29
.27%-
(Del)
2
Feb 26
Aug
46
146% Jan 21Jan
Dec
161% Mar
64Jan
Feb
1
Mar 15'
30
Sep
14% Jan
Jan. 29?
27
24%
Thursday
Mar. 14
$ per share
$ per share
33%
STOCKS
Wednesday
Mar. 13
"
Mar. 11
tper share
Dec
21%
,
94
24% Mar
83%
■-
5
Nov
Jan
25% Sep
137
Hollander & Sons
Furnace
HIGH SALE PRICES
share
Mar. J)
S per
8%'
par
7%
Jan
33%
105
131
' 25%
37.%
,•
-
No
-
Corp.—
12% Aug
Jan
65% Mar 11
*19
;
Rubber
Dec
'
28
Jan
82
Nov
39
18%
Mar' 5
135.
Jan
2
25% Feb 26
130
37
49%
29%'
preferred
conv
4
15
34% Jan
9%
•37%
;••:'• 8%
Tuesday
V Monday
Saturday
19;
19
27%
: -
Jan
56% Jan 22
23%
V V
9%
37%
29%
8%
$4
Hewitt
2
Oct
115
V 14%
113% Jan 21
5%
preferred ————100
Hershfey Chocolate
—No par
.
3
31'A Feb 26
No par
—No par
Motors
Hercules Powder
83'
■■'.v,
84
Oct
63%
Jan
9
29 Vz
3i%
74%
105'A Mar
:
5%
8'
4
15"% Jan 28
140
Feb
5
38
Feb. 5
109Vz Mar 14
90
Jan
2
186
Feb 19
38% Jan
9
JUly
'4%
17y?Feb
Mar 13
184
100
:
16
106% Jan 24-
83% Mar 12
25
Feb
•
107% May /
12% Mar
Jan 14.
32% Jan
*110
•'
Nov
Apr
48
16% Jan
4
Jan,
.
45^
19
103% Jan
100
28%.Jan
160
Mar 13
32
.
preferred--—
Hercules
-
i
Jan
40v
July
53
Oct
165%
Feb ;•••
25'/a
102
Mar 14
Holland
:- v56
7%
147% July
•
.
Hlnde8c Dauch Paper Co®--iO
Hires Co <GE> The-—,--.1
50%
May
3%
39
Jan 23,
'35% Jan 17;
26'/? Jan
8
117% Jan 17*
17
Feb
121
25
Co
(Q W)——L—
non-cum preferred
7%
35%
•■•';•• 22%
23 3A
50
8%
207/3
.29
'
■.
S 50
3%%
Helme
30%
29
■••
23%
23%
:
50%
■
*21
25.
24%
Jan
12% Jan
9
Glass
tHecht Q6f ■
28%
*24-
•
5i
110%
110%
110 'A
83%
25%
Oct
57
78"% Jan 28
03'/a Feb 10
111
Dec
39
Jan
Jan
-
5
'V62r:;
62
50%
23%'
Hayes Mfg Corp
' ' 140
*29%
104%
Jan
52%
Jan 2
13% Jan 25
108
Jan 25'
V 30'A Jan 28
16
12% Jan
_.l
83
•
27%
V
30%
•;
,
:•
Dec
25%
52
Feb 26
37
14
of Amer class A
preferred (modified)
Hazel-Atlas
32
34%^ '^•■35% ;
63
X61.
:
155
10
Hayes Industries Inc
137
•■-"■Vs *82
Dec
1051/2' Dec
Sep
96
■
34% Jan 28'
,184 Mar 9,
79
Feb 5*
88
Jan 16'
36
Feb 16*
110
Jan 31
Mar 15
23
100
102
120
137
27%
27
"•34%
■
No par
—
-1
191 ' rt
32
105% Jan
100
- 109 Vz
120
139%
139%
•
zkl
25
31%
k110-
,
86 V
24%
38
139%%
■
*26%
•
*
100
'
*79%
:
r *i85
32%
121
Mar 13
111%/Feb 26
pfd-iJVo par
preferred
i
22 ;
4%%
*82 %;. -84%
"
25%
25%
29
;
V I
65
56%
110%
*84
.
23%
32
31%
32%
35®;
V®51%
•
58%
*109'%
86
*83%
52%
24%
*561/2
58%
*109y4
'
'
28%
29%'
•®7; 52
.
*
'
25
25 '7;,;:.:
'*28%
291/2
52%
%
.
V.V':;
301/4
34%
■
:••/■-.'
30
65 %; 7,7"® 65
7' .7/ *30
30%
30%
35%
83
*79%
138
191
•%.,;< *185
isf; • "120%
137 A
'*136 ••'..
*136
v'
138% 138%
27%
/
27
*34i/a
.>
83
:
138
26%
'
35
35
7 :
138
27%
:
X121
137
*82
33
32
-33%.
122
*136
191
*186
35 % Feb
28% Feb 26
Hat Corp
35%
34%
6/
21
Feb 4;
63Va Jan 16
57 >/« Feb 26
10
Hart, Schaffner & Marx
127%
/•'•
83%
22% Jan
3
71'/a Mar 13
No par,
preferred——,
conv.
42
Feb 25
10Vs Feb 25
91% Feb 26
————28
Co
% Harbison-Walk Refrac
13
12%
v
■
No par
RR—
.Hanna (M A) Co $4.25
i4.%,
r
-
33%
83%
4%
103
14%'
io9%-; :y *109
109%
.
1/,
JO
»
33%
109%
83%-
"
83
*79%
83
.
*33
*120
v
137
*136
191
33% .34121% 121%
137 A;,
V *136
122 Vz
•
:
13'A
12%
Xl0' *
33%
7
83%
191
*186
13%
129%
32
•109
84
83%
V
34%
34 Vz
*120
33%
109%
.33%.
*109
84%;
V- *186
191
-•*186
V
110
*84
.'
12%
129 '
/
130
it*
;
.
•109
'
84
84
7"
129% 13Q'/a
.33
33%
131
13%.
13%
13%
13%
14
•13%:
Printing
Hall
13 3A ;
*13
*102%
7
-1
—No par
Sugar common
preferred'
Oil
'Gulf
/
5
preferred
.—No par
Corp—u———2*
05
.
6%
'
*129
$5 conV
Gulf Mobile & Ohio
43%
77
Feb 25
30% Feb 26
108% Jan 14
,
_1
Hamilton' Watch Co
23%
43
14%
.
GUantanamo
-
*156
;
103
.-
*
23
,l
65
Grumman Aircraft Corp
,
Jan 14
Mar 7
172
Greyhound Corp (The)-'
No par
AV\% preferred-^—100
*
•107% 109%
,
43
4';%
14%..
14%
4 ;
25
160
43
44
*102% 103
103 %
*102%
103
24
160
25
24%
I/
-
14%'
*13%
13%
13%
15
■i
*156
4R %
•45%-
*101%
.
•
109%
•107%
109%
—i-i—100
Preferred
22 %
112%
49% Feb
Dec
26 'A
13% Mar
90 * Mar
,
111%
Jun
107
Feb 13
567/a Feb
17
Jan .3/
54% Feb 26
'30 ■» Feb 27
Green Bay & West RR————100
Green (H L) 4Co Inc—
-l'
/
31
*111%
26
15/
9ti
Mar 8
1051/2-Jan 25*
45
Feb 16
Mar 4
Jan
46-
Mar
111
•
1——No per.
Great Western Sugar
37
.
111
900
'5,500
I
Hacfcensactf Water—.
37
22%
•
22%
111
111%.:.,.
'
,
;
-
9
3 V
Jan
Jan
Dec
38%
Aug
27 Va
Dec
44% Nov
1051/2 Nov
4
100
xl45% Mar
10 ./
35'% Jan
6% pfd—No par V"
Great Northern Ry
4,700
.
,
"
60%
;Jan
36% Jan
54
'Great Nor Iron Ore Prop—-No paf
.160
-
39'/z Feb 26
3.
Dec
133%
.
-
.
*9,600
:-v
31
31
22
'1
94
59%
-
37%-
.
31..
22%
7/22 %
*156
''45 v/
45,
*44
7
*36
31%<
31%
•'
10%
•.71
59%:,
59
37%
*36 r
V *31%
f-f 23
,>•
:7;7 72
59'
.
.
•;
Feb
106
2
25% Mar
Jan 28
46
Mar
31
Jan
99
6%"Mar 15
8% Jan 29
14
151% Jftn 8
Goodall-Sanford Inc
3
42% Feb 16.
Goodrich Co (B F)
No par
,
68
Feb 26
79'% Feb 16
$5 preferred
No par
102% Jan 4
107
Mar 6
Goodyear Tire & Rubb———No par ;/> 58% Jan
3 V 5 • 71 % Jan 30
/
$5 convertible preferred—-No par >; 109
Feb 26 f . 1131/2 Jan 3Gotham Hosiery.
———No par
34'% Jan 3
43
Feb 18
Grah^m-Palge Motors——^.—-1
lO'A Jan 3
16
Jan 30/
Granby Consol M S & P—13"6% Jan *4 ^12% Jan 19;
Grand Union Co_l
No par'
30'A Mar 5
V 34% Feb 16/
Granite City Steel^^l-ii-No par
V 19 % Jan 3
27'A Feb 8
•Grant (W T) Co.®.—
—fT Vv. .29% Feb .26
' 34% Mar 15;
3%% preferred
100 - 109
Jan '8
112
Feb ir
<2,800
24%
72
24 y4<
24%
72
*36
37%.
;
Jan
7 104
- -
50
:
Gold & Stoek Telegraph Co—•
300
10%
10%
31%
::v..25 r.vi : 25:;
47%;
45%'
92%
37%
•V
'
461/4
80
-~No par
No par
tGoebel Brewing Co_„,
7,900
:
100
:;
..
*10%
58%
f
V-'
32%
x92%
'23%
*156
31%
*108%
777 44%
;
v".
85'%
7*85,
•
,
75
10%
31%
23
84% /.■
32'A
,
103
No par ■
—
preferred
4%% conv preferred
-^,800
2,300
185/7
*65%
93
71%
721/21
59%
775'' ,7®
31%'" ;
30%
*181
7
7.
—
Brothers/new
$4.50
3,000
V '
57%
:
3oya
.
182% 77
V 84%
7
'
31%.
*65
2,400
19"
56%
*107%
7-7 24%
24%
.:24%:
f
59%
25% •25%
O l /4
c,
-3,100
<
112 '
18%
;
10%
•
22%
>:
347a
921/2
7,
~
37 %
26
20 %
*110
18 Vz
.182%
.
46%
44
23%
*25%
7
847. •;
31%
*156
20%
112
5 i
;7577 -
31%r
30%
r.
34
;
61,606
Hi r 5,300
"■•.. .' t /..; ■ 900
77/ 34%
34%: 7
30%
184
*36%
*35 %
9
„
isy8
"31
•
800
12%
*311'4
,•
500
>
37% 777/
8%
20%
*110
77
18%
57%;
*65
77':7'
96
*72
.
5184
■■
•
1J%
;; *94
60%
59%
"•/■'
X33V2
7*107%
*10%
;
II'A
34
20 y4:
:
112
18 Va;
30%
32/4
46
451/4
46%
95
^30 y8
7
«
^
'
84%;..v /; 84
••
*107%
95
v
V:.:7.
'
75 7
7
*84%.
,
109
ll'A
97
*65
.
184
-
331/4'
451/4
11%
11%
*95
84
•
109
46
44%
:
75
:
; 32%
33%
183
V;-® 8,600
i
37%
V;;/,"/
21%,
56
:
9
•
184;
;
600
.
12
v;.
7 ,71
12%
8%
•
'
184
184
3,800
.
110
"
•
-77
32
*110
112
18%
.77
.7
76%
63% 7 64%.
:
60
2,400
104'/a
*109%
•
38
38
'
7' 33%
18%
.31%
37%
37
-V-® '7
6,000
/
100
19
2,
4'0%-Jan
$ per share
$ per share
130% Jan 10
Jan 22;.7 111
37% Feb 26
45'%
110 ,/Mar .1
118
22% Jan 4 ;
34 %
No par
No par
Glldden- Co (The)
.
r
preferred
conv
39% Feb
Highest
Lowest
Hifhest V
,108
_r5
—
Safety Razor--
^Gimbel
400
6%
75
63
t
147'
104%
7.
109%;
'A. J2,r
91/3
7;; 20%
*110
112
31
12%
8%
31:/.
32
571/4
-/■•■
37%
:,V
33%'
.
7
37i%
;
9y8
21%
V'
6%
*143
77
109%
110
-
"> 11%
/
i:
12%
18%
•
iio
32, ;•
34%
*109
57%
*3C%
22
34
18%
57%
7/
1121/3
18%
:•'/
V
32%
32%
% *21%
31Va
31
:
56
106%
61%
63%
200
4,700
•
Co
Rubber
&
Tire
preferred
4%%
$5
7,700
39%
56
'V
.;■
104 y8
37%
75%
;
45%
-
38%
147
*104%
Gillette
•
•
;■;■/• 12;
76'A
104%
60%
44
General
•■; /•■;:':.7:, 200
7,1041/8
6%
'/a
36%
38%
.
6
Xl45%
751/4
64 Vz
39
12%
t
-
149
1,900
.
57
-
104%
110%-: /
•*110 :
39 %>
12
•
9 Va
9%
39%
77
76
63%
65'A
> 110%
40%
37
38 'A
76
104% 104%
110 %'■
6%
6%"
148%
38'A
74i%
105
63%
65
64%
*110
6%
150 Vz
6%
45
20
100
Range for Previous
Year 1945
V'; V,/®.
,'j
$ per share
Jan 14
Mar 15 v
Mar 6
Feb 26
29
1171/2
V 36%
36'%
Corp__No par
4%% preferred-^—-
<25,200'
•105'% 106
...
Range Since January 1
" 7 .7
v®-
Corp—
Gen Time Instrument
^
,33%
Telephone
General
;%v
40%
111
32%
V '
_1
preferred—No par
Gen Steel Oast $6
,
40
*55
56
39%
♦109%
.
General Shoe Corp
7,100
-v® 600
38%
.
104%
39
40%
56
7
;
.
STOCK
NEW YORK
v.,
l/V®'Vy® V"$ per share
520
110%
a;
■'-(•" iv"
38
38%
v
,
106
7-43%
*103. Va
,
105
•
40
v
56%
*149
391/4
72%
*104'%
104%
105
v
37%
•
,
33%
a
*105
:
45
41%
■
7'
,
40%" '7
*56
150
38%
75 Va'
75
:
6 %-
6%
38%
38%
1C4%
46.
111
32.../
106
*105
105
x40
57
*149
150
34
30%
7 .7
STOCKS
?
EXCHANGE
1,800
.
,
118%
*108%
;
,
40 "A
40%
*109%
106
*103%
41
•56
6%
6%
*148%
:
38
Shares
37%
117%
7
38%
40%-
393/4
...
,r 77
110%
*109% 111:', ;
7
'7
37%
*108%
•
37
.
120-
*36%
38%
111
:
'
40 3 a
57
41'A
111
441%
?
105
41%
*55
■
44%
1
*105
105
*110
36
t
120 7
38%
37%
4
■if 36
120
';
:
the Week
S oer share
$ per share
37%
.!
37%
39 Vz
33 % 134'%
./:•:
36
*11834
38 Vz
*109:Kt
33%
;
*103%
•
: •7.
.
111
*41
42
111 Y ;
105
45%
41
38 Va
*38%
387/af
V//;'- •/ *10934
3214
34
*104%
391/8'
Ill
*109%
111
33%
38%:
120;%-
40%
41%
41%
*109%
37%
38%
•■*110
7;77 Mar. 14
;•
Sales for
f
Friday
f ff Mar. 15
Thursday £
;
$ per share
120%
-,f.■'.:■; •V
38
38%
39 '/a
.
share
120%-
120
38%
$ per
share
37%
121
•110
Mar. 12
Mar. 13
'
Wednesday
$ per
share
120%
Tuesday
Mar. 11
Saturday
RECORD
O-V.;. v
PRICES
HIGH SALE
AND
LOW
•
Monday, March 18, 1946'
THE COMMERCIAL & FINANCIAL CHRONICLE
1442'
I
'
v;v.. 40%
'
34%
723/4
97%
97%
*31%
32%
13%
13%
V
28%
283%
•V
;
333/4
*723%
:
73%
*97
v
98
79
*106%
p'-
34
*97
40
32%
V
34
V 7,600
72
72
200
6%
*97-
98
32%
9^
*97
98
100
Leased
■V
,
31
31 %
30 %4
30%
293%
30%
29
29%
12%
131A
12%
12Vb
12 y4
123/8 '
12%'
12%
28%
28%
283A
i/S 28%
V.
28 %
28%
17%
17%
17%.
17%
78 Va
78%
79
106%
*106y4
106%
*106%
•131
■V
113
U4%
19%
20
17'/a
^
j
133
*131
133
*113
20
r?
17%
173%
x77V'z
79
*106%
Xl06%
106%
/
131
131 '
19
%;%
133.®
.
18 3, a
19%
170
1,800
3,700
112
*130
106'/a
133
7
V® 113
115
18%
18%
18%
*103%
11%
45%
vv
200
;
45%
*103%
46 - VV
1,300
183%
*47 y8
*103%
11%
*103/4
11%
47%
47 y2
*48%
49
*108%
11%
109%
*108%
48
*108% 109%
11
16%
10%
206
*203
89%
198%
/
10%
89
98%
9
♦
143
41%
10
15%
t:-! 203
203 V
88%
89 %
/
38%
•
41%
42
37%
113%
113%
111%
106 34
106%
106%
106%
106% 107
20%
45%
*155
*142
•57
58
*56
20 3/4
110
45%
199%
*45%
*168
*142
175
20%
20%
21
111% 111%
in
*57
58
58
45%
45!/2
•170%
199 Vz
46
199 J/a
*142
175
175
89%
i
203
:
•
x87%
10%
30
98 Vz
7%
8%
36%
37%
143
41%
110%
•
.;
106%
19%
111
42%
111%
1073/8
'20
111%
58%
45 %
*155
58 %
45%
199%
♦142
175
•96
8'%
35%
*200
-1
199%'
98%
8%
37
140 %
a a-
106%
20
109%
*57%
x44%
*160
*140%
*137
41%
?■
111%
Ill
106%
106%
20
20%
1103%59 -'V-
/
*108%
36% V
24,200
; 143
.
Ill
*57%
44%
*140%
23%
24%
23%
23%
22
%
23%
22%
23%
22%
.
24%
23%
23%
22%
23%
23
233/8
22%
41
41
41%
41%"
41
41
39
39%
39%
39%
39%
40
24
24y«
25%
23%
*24 %
25'A
43
♦41
43
*41
42
>157
160
*155
160
lbO
loU
*155
footnotes
see
page
1448.
.J
Preferred called
—1__
Inter Rys of Cent Am
No par
international
par
55% Jan
international Shoe——;
—No par
.43 Va Jan
175
Jan
*42
*155
43
;
41,700
2,800
.
-•
2,600
m
—: 700
,
300
7%
50
Silver
preferred.—
Intern'l
Interstate Dept
Stored
Intertype Corp
Island Creek Coal
preferred—
100
;
Telep & .Teleg
Foreign share ctfs
•«
No
Salt
;
;
;
No
No
No
No
par
par
par
par
1
19%
101/4
40
148
Nov
Oct
109%
Feb
6
100 Ve Feb
2
215 /
1993% Mar 13
14% Jan
23
33 Vz Jan
74% Mar
178%
Jan
•V.2% Jan
11
17
-
98% Jan
7
ll3%Feb
5
42% Feb
148
Feb
48 VaJan
122
Jan
108 % Mar
25 Vs Jan
115% Jan
/ 60'% Jan
497/a Jan
204
Jan
5;
6
2;
22
.
13% Nov
'
343% Dec
Jan
11%
7
Feb
129
19%
84%
Jan
Jan
28.
25
123 '....
Mar
Va July
57
18%
Apr
Jan
Dec
Dec
Dec
Nov
Dec
175
Jan
137%
/
45%
Feb
30
15
151
'
33
31% Feb
2.
31% Feb
2
18%
Jan
33 Vs
Dec
15
17%
Jan
41%
Dec
Jan
301/3
46 'A Ja"n
.
.29
Jan
46
Feb
160
16
9V
Mar 11
19%
Aug
46
Jan
152
,
Dec
116
79
Dec
Deo
24
9% Mar
41
39'A Dec
141
Dec
48% Dec
*
4
29
Nov
Dec
99
5% Jan
Jan
Dec
pec
100% Dec
; 193
Dec
75% Jan
281/2
12'A
147/b-
.
2
3
3
Mar 6
Jan '■ 3
Dec
57
9
Mar 6
Mar 13
Feb 26
Mar 13
Jun
Dfec
Dfec
'
--
22%
22%
37
233%
Dec
174
105
19% Mar 4
106'/a Jan 21
700
preferred——;
j,
'
Mar 13
293% Feb 20
95 % Jan 30
: 73%'Marl3
if. .35V2 Mar 15
136
Mar 6
393% Mar 6
110% Mar 13
xl06
Mar 8
100
5%
140
Jan 30
Mar 15
Jan
5
j,
*
>■
23%
*24'/8
15
100
Co—
preferred—
International
23%
24%
♦41
100
Paper
5%
175
Vz
3
1
No paf
Preferred
19974
24
195
if 861%
190%
29 V: 10
100
Vint Nickel of Canada—^'.
-International
1091/2 Mar
'
9% Jan 14
13% Jan
3
100
59
44V2
41
A—-
&. Chem—
'
*162%
25
Min
preferred—
conv
1071/2 Jan
Dec
6?
4
.7
lO'AJan
7
45% Mar 14
No par
International Mining Corp
230
44%
41
No par
—No par
Hydro-Elec Sys class
4 %
.
2,800
110
199%
175
100
-
V
100
International
v
65'% Jan
106
Jan
Machines new—No par
2,600
20%
;
—-
2,700
V
.
106% i,
24%
For
23,700
Business
;Int
50
42%.;.
24%
23%
300
2,900
preferred:
Preferred
7,500
r
No par
International Harvester
3,000
8%
24%
*24%
.
4%%
Int
--
?
.
17 Va Mar 13
131% Mar 13
I68V2 Mar 15
par
'100
Feb 20
20V
17 Va Jan 2
I
Corp
Interlake Iron
5,000
f
No
Inc—-
Inte'rcont'I Rubber
::.;*■■ 490
98%
■-/
■<-"'Ur.35%
42'%
111
81%
:
,//•
30%
r.:98%
;t
.
140%
41%
T; 10% i 11
Interchemical
8
100
-
Ctfs
13
15
26'% Feb 25
No par
A—
Inspiration Cons Copper..—;
300
"
199%;/::
!H-i-30'%
Ingersoll-Rand
6Vo preferred—
/Inland Steel Co_
uv
•
87 Va
198 3%
A
21
15
12'A Mar 14:
„-—LNo par
No pa*
No par
1'
16,000
204%
86%
'■
$4.50 preferred
2,100
15%
Co
RR
Industria Electrica De Mex, S
400
<
series A
Terminal
/ Insuranshar.*s
109% ®
10%
15%
103%
29%
11% "V
46
*108
88
31
1993%
'
/•■•®10%'
2041%:
10 Ve
*137
"
42%
113
109 3%
■
143
114%
19%
15%
1993/4
*9774
9
'37%♦137
143
10y2
30%
98
*137
1091/z
15%
10
98
8%
r 205
87%
103/4 ' 11-.
98%
9
Vz
199
97
•
113%
1093/4
•200
89%
199
199
11
*108%
^v:10%
16
31 %
41%
52
10 Vz
16%
30%
37%
38%
38
'138
204 •-»'
10% '■
IB
199
' :
*108% 109%
109%
10 Va-
'
32
9
9
'
11%
46
46
••
103/4
31%
32
*97
199
11
*31 %
16%
*200
90%
199
11
16
11%
16%
*10%
=
100
—1000
5
4%
Indianapolis Power Se Lt_.
■i
5,800
'
*103/4
30
lines
% Industrial Rayom.
100
:
/168%' 168%
■
Illinois
1,300
81
'>*106
106%
111%
112 V2.
112
115
19%
133
283%
17%
.80
:
38% Jan
32
Mar
72
Mnr
92
Jan
29
Mar
100
preferred series A
RR See ctfs
850
28%
iv-
78Va-
Co—-i-———2(/'
Illinois* Central RR Co-.———100
4,700
•
*17%
28 3/4.
175/4
170'-
*168
*168
115
28V4
; "V; 77
106% '
Power
72
13
78%
Idf&hb'
1,400,
33
31%
•168
19
39%
12%
18%;.
*168
114%
39
*70
33%/
•71
98
Vi
v*97V/-
39
40
31%
;
133
*131
59%
3t
733/4
*72
79%
•17%:
"
33%' '34
34%
*72%
40%*
40%
Oct
' Dec
--Oct
,
THE .COMMERCIAL & FINANCIAL
Volume 463; | Number a 4473
CHRONICLE
,1443
NEW YORK STOCK RECORD
LOW
•Saturday
"
r
.K
#•■•
i.
Mar. 11
'It per
:>
###" •£
share
n( > $ •
SALE PRICES
HIGH
V«:Mar, A3
■
£'}i
:
$ per share
share
per t
£ per
*y# y-ty'f]
19%
mi #
#> 143%
$ *130
•-
;
i5ii/4
>#;
;/v- 135
'#55
*115
160
;; -130 ;
>430
50
i
.134%
.
160
•:
;
>
,5!%
> *50
># 112%
44%
A *101%
;
42%
5"
■
.102%## *101
###; *128 :
27% iW % .26%
143
'•£'141%
—
•
■
130
160
-27%
#■'
V
42%
160
>115
*120
V
101%
*129;
21.
.:./M0i%'
132
,\26.%
*131
,
/
•
EXCHANGE
#;#
•••#*• Lowest'
Par'
150
.
126
Jacobs
%c '1"
j
£ per share
•41%
*#>#
102
•
V.
%(
25%
300
29%
29%
120
5%
200
120
837
i 37
"62
'22%.
22%
25%
23%
*30
,
,22%
22%.
tf
- 30 %
31'
24
pref
series
^JTOO
•
■
*61
^
120»
';
■
vt?*T10%! 110%;
>46%
•
^
■,
'
•
46%
60%
116%;?::
*89
37%
.*15 *
,,r
-
38
.16
&#t?;:f:*,14
46%-;/ ;;'j|/c/r45 ■■■'/;; 45%
52
51% Kg:|;S#51%
47•&&&« H 4b %
v
,
*88
•:•
37%
'
;no
110
7%
*68
7%
7%
/ 53%
m
547/b
,*52y2
>42%
'y";' *43
42%
74
:
44 ••
-68'
74
80
-
37%.
2,800;
310;
•
.
44%
44%
-
12%
•
12%
f flZ%
12%
•; j 4%
i
4%;
/
58%' 59%'
V-
64%.
>
53
"'-67
10%
.
'.
*,>.
..
,
25,800
53
/ 70"
,
•-u>.'U..'-:
?
1
.70
.'
''',4U
'
-
-
•Sr-.,
'
OT'/4
«
43
10,8001
a
No par
Noivat
Feb
9
;
Jan /
18 y4
6
Jan
30 1
j
22%
35y4
Dec
35% Dec
31
Dec
51
Dec
35
Nov
Jan
Jan
Jan ,30
,f
22% Mar
68% Jan
•f
-
•/•14% Mar
4 Jan
15
107
-48% Feb
f
:•:,
3
15
53% Mar 15
-40% ©ec
Mar
3$% Nov
# -1714 -Oct
*4914 Nov
50% Oct
Jan
37
-
112
Aug /
Mar,,-,
:/
*Apr(
,35% July ,
26
.•"18%'Jan 29
Jan -"3
19
96%
'Aug
28
8
>i 39% Jan 31
7 1
:44% Jan
42
110% Jan
x
0
•
Jan
/72% May f'
93 y4 Feb „'4
Deo
Nov
Dec
67
Jan
38%
V 8%
14
/ :I8% Jan 29
26
107% Feb
»
,18% Jan
3114 Dec
Dec
{
CV>. 34% Feb 26'
i' VA4
67
38
34
124
4
:
58 y8 Feb
38
52 y4
27%
27%
34%
58%;#
•
,-27%
33
33% '>
4,400:
26,400"
33%
33%
>' 54#
73%:-./74
:
t-< 86%
90
201%
53 y«
201%
#
*.201
""53% ; 53% #' .;v54
*72% /'73%
"60%
61%
-62#:.
31%
117%
31%
*115
31%
36%:
36%
37
Jan
2
.9% Jan 24
Lettish • Valley Coal_j____
6%
:
No par
—_*_-50.
preferred
conv
; 79
•
.-•>
€
'54%
> 46
-
9
26
>12:
Jan
Dec
Jan
44
Dec
6'/a
Jan
11% Jan
,20y8
> 36% Feb 16
62% MaV .16
,-
367/a
-
'>
14 y2 Feb
/ 17%
'
116
<70
,
>
,
:>ii5%:n6% >>:
Liagett St Myers Tobacco.
-'
20
1—1
60
%i:
86
Mar 16
No par
_No par
Lima Locomotive Wks.
Link Belt Co__
:
.184 % Jan
47
;
1,400'
Lion Oil Refining Co.
:.
Liquid Carbonic Corp
No par
116%*
Jan
60
116
3%>*Freferred —__;__100"
Jan
.#66 '
54% Dec
Jan
13%,; Dec
Jan
7
32
Mar
473A
-t
Jan
,198
Dec
50
Dec
.,
-843A Dee
.60
Dec
,
Jan
417/a Jan
Feb 13
35
Oct
101%, Oct
,100
Jan
181
8
.,
> 33% Dec
Jan
'78
8
,36 3/4
19% 1 Jan
14
29%
.Nov
68 ;
:
Deo
;7«
.28
D,ec
35% Dec
Jan
7»A
//43%'Jan 29
118% Feb 21
26 *
Feb
Feb
88 \
?
27% leb 26
34% Jan ; 3
;
.,
Jan
202 y2 Mar.
3
"
200
101'
27% -Nov
Jan
33
'103% Jan "24
4
60
Jan
51%
>
6
37% Jan 21
68y2 Mar 13
58
Jan
-2
Nq par
No par //
600"
31%
Mar 13
66%
.•
_100
—
Lily Tulip Cup Corp.
1,8001
1,000:
Mar 13
v#
i__l
—
"
60 %
116%
Series B
;# Preferred
•
800
#
W#
.31%
v
800"
// 31
Jun
5% Dec
/
Jan;
17%
74% Jan '28
3
'
2Ve Mar
35% <Jan '
f
Jan 15
> 29
Oct
72
17%
•
30% Feb
<■
Dec
03"%
•
Jan
>
1.7% Jan 28
5% Jan ,15
v
<26 y4 Jan
39Va Dec
"29%
>
Feb .16
<
48% Dec
,
;
Oct
47
Feb 16
60.
Feb '16
59 % Mar, 1
56% Feb 27 *
49ViFeb 20 # 59% Jan 18
V
;
' 6
Dec
7%
Apr
Jan.Sep
-/17;% Jan 28
:■!
31 Va
"
>243/4
Feb
73
4 % Mar 15
49% Jari
3
43A
•
•
Jan 14
>' 48% Feb
G1 % J an
5
>'>65 ; Feb 26
*
59
>
v.
4
•
:
Life Savers Corp new—#
4,000
«
# N.:;,'36#^'36##
'
38 %r
*36%
}
"69% >70 ;A ;
60%
61#'://
31%
30%
>36% >38%
a
'86 %
200%
53'/a
.8
#:
Libbey Owens Ford Glass.
Llbby McNeill Ifc LJbby___
1,800
*
•53
I
6%. Jan
>>43% Jan ^7
'
32
88%
88%
4
J
v\62%
:/i,:i3'%
"88%
Co__
//. / Preferred ctfs of deposit
,-—50"
/ Lehman Corp "(The)__—
:
1
# Lenn & Fink Prod -Corp____
u—-8
Lerner Stores'Corp (new)—No par
v-
13%
X200%
Light
.
52 y4
r 58%
Gas
Lehigh ^Coal &- Navigation Co.—10 >';:S 14
Mar 18
/Lehfigh Portland Cement
;__25
#39% Jan
3
Lehigh Valley RR—L—
50
12 •/" Jan
3
4,700
,
/
'
*115
2
'
f
," 45
64:
88%
31%
86 7
JJt
a
•Lee1 Rubber & Ttre__x..„
1,800 V
,
14 %
%:t>- ' "43
Laclede
13%
91
>60%
/
100
1;400. a Lambert Co (The%.
No par
Laiie Bryant—
5001
;—'—No. par
100
-50
*UO , / i 4 %%' Preferred
.
,
>
64
*201>/a 204
•
,
X52%
,'#'42% : 43
->''69% ,#
: >*10 : - 70
;
##;#14%-' 14%
14%
■44
/
*>
71" >
'•
i,.
7%
7%
,53 ;
•
41%: 41%
>
53 ya
27%
>■•
X'?%>:^%>
42 >
13 y4
90%
i
3
T3
58% Mar 13
>15% Feb 26
•
Jan
Jan
,
:
:
12%
59
33%
,
64%
•88%
Mar
Jan
32y8 Jan
1
Jan
34% Jan 29
'
_3D :/:-;33% Jan .3
groceryA Bate
33%
*33%
38
4%'%;,preferred„__^»i>i<-
59:-"'#-'
52«/4
,
33%
# 13 '/a ?
Nq par
■
4%
58%
'
58%
54 y2
•*'2.7% v 27%
33%
^_>_1
•
.>53
14%'■
45% ///
I 45%
12%'
-59% ;
*53%
22
48
J
26% Feb
;
,
31% Dec
Mar
Jan
•
;
20
40% Feb ,16
•
;
/
•13
,
27
29% Feb 28
^No ,par
,
7%
co3/
,,52%
-ik>
•69%:p.
14%
45%
59%
;
^
;44.%
>
.
15%;
*4%% 4%:
.
l
Corp.._,
Kinney, (G R)
$5 prior prelerred_—u
Koppers ,Co
600,
^
771-V,"
68
14%
15%
7%
7%
54
*68
68
i 15%
ifKiiiibefly-ciarlt
500'
500"
"
HOVav
Feb
,#30% May
411<
34% Jan 15
Feb *35
139
91%, •Jan
4 an
,19%
122% Jan / 3
.32% Jan ;29
/- 65
' Jan
9
10
Mar 13
-
;
,eo
Jan
Dec
Nov
105
Mar
79
4
.
463A Nov
27%' Jan
10
21% Feb 36
;
90
140
Dec
Dec
116
<*Jan
6
,
160 .' Feb
il 31;% Jan
35*
r
Sep
2
.1071/4 Feb
!6
57
.
109
25
Max 14
24%
par
Feb
53% Feb
150
Nov
61
31 " Jan
14
Nov
J
,.137% Dec
118% Aug
141% Jan 16
58% Jan
145
Jan
101
Nov
47
114% May
'
7%
7%
54%, -54%
42 %
119
No par
No
2
:
:115 %' Feb 15
38% Feb 26
-JIO
& L pi ser B—
Kansas City Southern
'34%;jr.36V;« 3,500.
d,OUU,Kresge (S S)
*14 ••••■•."''. 16 •• • V; -.* 18.%
'16) ■
t %
'/Kresge BeptStore8^__:
46%
46%
& 45% s 46
1,7091 ;| Kress (S H) &' Oo__-—
J
53%. 53%,
*
51%.,53
j
>,53%
53%
' 3,200,
3,200, Xrocef
16
<
90
110
.35 y2 >37%.
:/ 60
60
60
,
;,.37„._37%
-
,
..
.
•
] Kan City P
"
16% .:-^;r*45#>46%;r;
.
*87%
'89
>1101? 110%
J
" 59
' /59
r 59
" "59
-
'
16%
r>:«9
36
•
51 %
;
Kalamazoo StoVe if furnj
•
90
5,700
.
159%"
59%
:»t.37%
110%
„
•«'
58%
T16
>
00 t&i.£
37:
110%%/ .110%
36%v / ;-86,.
.15%
/*13:
35%
fi3%
46%
,
1,000
24% /' 25%/
,
*
60%
89-V'
1X1101
36.
.
n
||
16% 'V "t-..••10%
88
/.
,
_
52%
62
-
/
25%
'
i
.
30
120
■'<
25
Feb
Mar 13
#34%
22% Deo
19% Nov
343A •Jan
;
25
$ per share
109% Aug
Mar 13
;:ioo% Jan;
3
'
*36%
.16%
•
29%
■v *119
'
-25%
Feb
-
23%
n
" ;3
.
38%
*60%
*16%*- 16% r
'4VR7 87 >/'■
><36..
Z1'
It-
62
%
'*
38
i
■
53"/«.
*36%
120
2
TOO
Joy
31
:.5
Janl
40
*£0
'
*58%
60 >
59
59 ./•
1 100.
Z# '4% non-cun4 )preferred_ji
-/-TOO
300'. •/ Kaufmann Dept Stores
-;;/r;.37-";;/-t37i" /'#;:#*36,.vv'33,>36
38
,_1
g S
22.
21% 22' .
21% 22
22% W f:: 21%
2,100' /, Kayser iJulius) & Co new
!
.5
31 '»wik ;■•: / 29*4 730
,-30 ->^3o%
MOO- j.'Keisey .Hayes Wh'l conv el A—^—1
24
2,600 ;
33%: /
Class ,B-—^
■;
'• riv'/ ■' - ;u,;r;7
23_, ,_24
24_^/ 24
50 V2 ? 52 y4 ; "
51 Va
52%
51% "52%* - •/; 14^00
'53^.;'>
t Kennecott Copper.—
,
No par
37% / •; *36% ^T%>u:;*36% 37%v#^36%:r-87%Keystone Steel;& Wire Co
No par
*37"
r.22%
*30%
.
23% x#
x23%
':>/■:52 v
.4;
38
:
:
•
*
.29V4<"
29%
■
*118%
24 y4
25%;
60 vHX' •'f' *58
*58
>>###;'
38
i
?.52%l: 52%
1
61
:
31 %j
# 31% ;
l#>
*58
.£?>37'^'.vV«ti>36ii:i:
r
123%,'.
*120 *
„
>59 '
80 >
29%
,
,
Mar
114'
150^
#';>># '
*29 % * 30
'p .xV #29%
30% r
''
*120% 122 % ##:' 122% 122%' #!#
■%25%.'X26% (
25%
26
%
134 ya Mar 12
Highest
-
share
17
Jan
.154
/
$ per
52 ;
26
.
^JlOO
:5% jpref series ® conv-j
Mfg Co
V
5,400
^
Feb
'
24% Jan
T
3
31
»12%
ser Aj
Year 1945
Highest
Lowest
11.2% Mar .15
26
46 %, Jan
;* 138
u.100
Johnson_„_w_x_
4%;,2nd preferred
'
,26%'
No par
t
-£ per share
109% Jan
TOO
Joliet; & ..Chicago RR stamped
100
Jones & Laughlin fiteeh
No par
22,500;
.r
*126 £1; 129 ,#■#
#
tJohrison
'.
42%:#
*100%
>•
26%
•
T8% Feb
!
Aq tpcr
i
%<X 3% %' preferred
500
.150,
l
inc——
oo
preferred
•Johns Manvilie Corp____i._
115%
.
(F L) Co_u__/.
l ea
ue wei
t4 V4 %
1,500
300'
-r
■
*120
;
101%
#
3,500
# 700
,
142%.-/,
*115
42%
^ 24%
I
/J.;'/*:
■
PmvIouu
Range for
Range Since January 1
"
'
.
Shares
51
134
•
,/ *52%
*122
:•
26%
,#/ 26 %
.
..
•
142'%
-
54
*100%
1,01 %
121
120
,
27
'
.115%
..
.
41
«43»/a
■40
43%'
.101
#>■#
■132
STOCKS
NEW YORK-STOCKS
.,112% 112%.## »
141%
136
*53
,
*130
•;
:
•55
115%
50 %
112%
1^5 %
•115
■
>
141 %
•
136
'
56. <#;/ >#:53%
115%
102
*131 # ■■134
-
45 •':>
>>
rMM
Sales for
the Week
19% :.19%
19%
50 %
•111
'
43%
#>
Friday
Mar. 15
£ per share
share yV',]
...19%
*50
*111
134%
*55 :
*115
*130;
115%
19%.
19
.
.
112%
144# 144%
;##
54% A!
#> 54%
115% #
19% v
?
80.
•Ill
-130';/' ,135 ##<*
##'
'55
i'19'%
50%. V
111
145
£ per
share
;
V##.1##.y#v: t#
19%
#y i9y8
f:; #> 50 -r
1121/2 • • '•fill '.fa
143%';;.: # 145-;v.
-.50 X2
>
;tvb".
Mar. 14
'
Mar. 13 c„•
;
>!"•!'V *10X2
iw',.
Thursday
Wednesday
Tuesday
^Monday
'
"
'Mar.''It V
AND
>• >40 *
Jan
Dec
Nov
'
39%
40%
#36%
36%
39
40%
35%
-
-
70%
27%
27%#
27%
79% ft
*77%
79%
>28%
28%
X39 %
40%
39 %
40%
23,800
34%
35%
35%
36%#
15.5001
68 #
68%
39
70%
66 S*'
27%
27%
.69 ct:
27%
^79%
79%
79%
'
27%
■'
#70%
187%
28%
109 :#
*29%
62%
#62%
f 68 %
Lockheed Aircraft Corp
•
Loews
24-
23
23 y4
v
f per share
Mar. 11
£ per
X28 %
•
29 %
77%
78
3,200-
,
>
Lone Star Cement
Long Bell Lumber A1
Loose-Wiles Biscuit
Lorillard (P) Co
,
500
,29%
^62% #62%
Mar. 12
sharq
share
per
Man 13
.
.
"
Corp__
33 Va Jan
.64
Jan
3
25
P'eb
45% Jan 14
.
'
>
3
25
39% Feb
#••72
;
Dec
37 y8
Dec
>
63
.
7%
preferred
50Q:
1
5,000'
Louisville
3,400;
Lukens
No par
——50
Nashville
&
Steel
/: 31% Jan 28
"15%
# 327/a Dec
Jan
87'/a Jan'21
40 y2
Feb
3
26
26% Feb
186
31% Jan
.
Feb 37
187/a
18
195% Jan 30
Co
—10
32% Jan
>
61% Mar 13 " •>'72% Feb
"
.
#
Mar. 15
£ per share
;
x32%
Jan
Dec
>31
Nov
«Iult
A, Shares
.
v
Par
■■■■"■ar MXx.
$ per snare
1
-s
$ per share
Previous
Highest
»'
£ per share
i
Dec
1945
Year
Lowest
Highest,, >/
Dec
20
13 V* Aug
Range Since JaniiuTT' 1
,
"*£7; % Lowest"
EXCHANGE
.
68
■
Range for
NEW YORK STOCK
the Week
Nov
190
Jan
Mar
52
30% Jan 14
,17% Jan. 3
/
23%
6
3 *
/Oct
74
Jan
166
17
;• 28* .Jan
STOCKS
Sales for
Friday
.
tpersfiare^
70% Jan
#
10
—100
1
Louisville Gas & El A
.
-
;
>
'
23
22%
—No pat
—28
_1_
Oct
667/a
Jan
50
Feb/2
'# 42%
19% Jan <
25% Aug
4
*
260''
31
62 '/a
' '
Thursday.,'.
,'
>*Mar. 14
.
t per share
/f
y
*29%.
22%. .22%
;22%
11,900#
28%
190%. 192. fw
/ 29%
,29% ,29%
63
61%
>22#;
i 28%
28 %
L91.
X19T
LOW AND HIGH SALE PRICES
Tuesday
, Wednesday
Monday
■
/#
31
* /35% Feb 26
—No par
—No par
:
2,000:'
.
#28%
:.:28ya78% #78%
<28%
Hie
'
"28 '.
192
192
62%
22%
Saturday
29%
62
24%" 24% r
28
28%
188
29%
63
Mar.!)
>
28%
187%
'
*29%
<62%
71%.
:40f%
>34% ,36%
35%
>70
"
29
•187%-189
29%
40%
35%
27%
•79'/a
"
,70*
:
39%
<
36%
70 "-'i;
.
<
£ per share
M
*38
*157
40
'
38 Xa
*37%
*157
:
723/4
> 47%
;
•
'47% /:
;>:#:
*37%
*157
;;
72
73
*110
•12%'
46%
110
110%
>34%
35%
>
• 530
*400
:
35
28% '
27Xa
35
27
:
/#
2734
*400
'#
530
*:: :
133/4
*20%
21%#
41
"•41
41
#'
"28ys
530 >
>415
423/4
/' >19%
*'
#
•40
<
21%
/■
934
#:-,• 9a/8
9;,4
>
-173/8
17%
'43
>17%
42%
17%
"## 17%
43"
"":
2434
42%
*112
;
-41%
56% /
38
%
'
116
B'/a
>9%
'
40 34
>
■
•
56% -s
4134 > "C
24%
.
""
.
■>>37%:
'
J*.4)
58
293/4
38
#/
30 %>
.
*197 # 200
V
;
-
#<•
56%#
56%
'
38
•573/4
,567/a
?
42%
243/4 "'/'
*110Xa
111% 111%
133/4 i 133/4
#>*48%
:
*H5
•
,>
30%
■•#
#>» #
57%
//:/.
3734 '.#/
3'6
373/4
*64
48%##
"48
>!>
'100
#
<
_70(K
48%
24%
-
v 116
6%
T
267%
27%# ',
*116
120
"25
26
r
#•'•#
>
;.::;* 115'
57%
Mack
*35 y4
> *64
#;;/ 47%
##*106%
25
24%
#
*104
106
t
*105
.72
50%
24%
##.. 2 6 34
-
25
107
V
#
*113#
:#
25
*104%
23%
27
'
r
*104
50
55
*110
57 rv #
57
56 Xa
'
113%.
*111
#
f
50
13%
\
Inc
No
:
28'A
Jan 22
Jan 11
,157
65% Feb 26,
par
V
44% Feb
147
r
29 % Jan
-
4714
i 38
2
20
106 s/a
16%
Feb
17-
> ,30% Mar 12
,
-
Sugar Co^~—
Mandei Bros
i_
^
v..»No par
Manhattan Shirt
—_—„#._5
57
113% ' #
"
133/4
14
*48'/2
•?
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#:
># *115
'••
57;
'#*56
114
36 W
#v##"35'
37%
.:■•/-
65
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;//
62%
##
48
108 ;
^
35
463/4
.# *105
.
33% '• ###
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34
*1127/s
# 114#/ 114
i"
#35%".;
"35 #
r
i#:3584#
"36%
47%
t"'46
•
#-
1
Marine -Midland Corp_——, 5
MaTket St Ry 6% prior
pfd __1C0
Marshall Field & Co__iJ.—-No par
.19% Mar 13
36 y4 Feb
Master
Mathieson
40>• 4,000:
;
30
>,.
2,700'
''
58
I*
•
Jan
443/4 Jan
*25
>
23%
■
26
*104
*105
106
>27%#
116
V
24%
25%
23%
114 'Z1
#
36
60
1
Nov
Jan
32%
Dec
Jan
•
62
47%
Maytag Co
$3
"
- 27%
*112
103%
>105
106
•>24
23%
106
'105%
51
50
50
49
49%
23 %
24 '
>•23
"23%
75
75
*72
75
*
47%
;47%
46
46
'
54%
55
*73 y2
75
48%
4'7%
47%
/
*54%
551/2
*55
>22%
108X2
55%
110% "
110%
llOVa
*110
111%•
see
+-
page
1448.
110
110
28% • ;#' ; *273/4
116 V'; ##<116
#26
>24%
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106
23%
106
43X8
3 % 'fo
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54
110
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106
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v
20
.
60
1,800
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>'-75
600
3,900
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100-
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500
'
*46%'"••47
53%
110
^53%'
110
-
600
120
14
%
Jan
2
/" 52% Feb
Feb
62 3/4 Jan
# 45
26
/; 28% Feb
8
>; 50% Feb 26
—•
—1
100
X 50
Jan
28
Jan
2
109% Jan
14
Corp
conv.
McKesson
$4
preferred
1
Stores
preferred
9
18
No par
McQuay-Norris
Co
:
—
Mfg.
Co
Mead Corp
'■•'J
No par
Robbins Inc
preferred
McLellan
5%
&
preferred series A
$5.50 pfd ser B w w
Melville Shoe Corp
$5
—1
100
—10
-—No par
No par
No par
—1
(The)
-1
1st preferred
50
Co—/—No par
Mesta Machine Co
5
Metropolitan Edison 3,90#> pfd—100
Mengel Co
5%
conv
Merch & Min Trans
:
.'
•
#
33% Mar
2
Feb
19% Feb
25
26
103% Mar 13
103
Jan
31
:
Dec
Jun
63%
Dec
48
Nov
33%
Dec
May
195
Dec
104%
Sep
109 V2
Nov
3/4
Jan
16 3/8
Dec
8
40%
Jan
55
Oct
6
110#
Aug
114
# Sep
Dec
14
27%
Jan
> 55%
16
193/4
Jan
323/4
Dec
30X4
Jan
43
Nov
19% Jan
36
Dec
41% Jan
15
38
Feb
16
Jan
10
53#
-
23s/a Jan
3
116'
Jan 17
Oct
46 3/4
24X4
10
69
10
■'■•.•
30
62% Feb
v;
41% Jan
Jan
111
37% Jan
1
106
24
"Mar
>
Dec
53 %
Jan "15
51% Jan
Dec
18 3/4
34 % July
10
9
11%
425/a
116% Jan
v
Mar 14
Jan
Jan
'
#
Jan
Mar
27%
Jan
118,
4
3iy4 Jan 22
61
■
7
,
140
29
Aug
16
13% Feb 26
—No par
preferred
Jan /
22 y4
#: 59
39% Dec
:>•■ /' 77/b Dec
97/8 Mar
176%
111% Mar
26
217/s
6
10
Sep
109
Mar 14
200
1083/4 Jan 12
;
Jan
Jan
343/4 Jan 30
26
Jen
.195
18V4
45 V2 Feb i 2
#29% Feb
26
<34
Feb
McGraw-Hill Ptib Co..
30
20,600
483/4
23%
70
■':>#,
Feb
Jan
Mclntyre Porcupine Mines
#>400
26
112
15 % 'Apr
1
48
McCrory Stores Corp
1,900
Feb
112
McGraw Elec Co
#>';■:
20
No par
#
3,500:#>#■' 700
28X4
116
" 106
48
23%
46
110
i—3
46
25
109% Jan i 4.
—No par
—No par
;
McCall
2,600
24%
*104%
106
70
-
preferred
$6 1st cum
90
48%
108%
par
Feb
Jan
7X8 Mar
23
>/ 37% Feb 20
100
:#,"" 1,000
36%#
,*
39
I
20% Jan
Dec
Oct,
525
:
153/a
3%
28
Fetr 25
25 Xa
14
Feb# 4
11 Xa
.
'•
3,000
<
#36
36%# /36%'
Vzn £147# i' # >:
•> i& '
•#
No
Wks
—
2,900
■:#
.
114
*35
*105 # 108
>24%
103 %
106
106
# *11-0
'f ;#•■#
24%
107
■
27%
.27%
117
Alkali
preferred
v
-
par
par
Jan
Nov
#
24
15
X/ 8 /
Nov
34 "
/
7% May
25
#26% Jan 14
26
Mar 14
9 % Mar 13"
#17
1
Co
—
—:
33% -34%
7 %
——No
No
Corp
Corp
Elec
May Department Stores.:
'■>/ $3.75 preferred-
200
#•>
118
>
Martin-Parry
Masonite
—-1
L) wCo—
(Glenn
.'
—100
preferred
Martin
6
Exploration
'
:•>
63%#: .:■#/ 61 •# -•61%
108
Maiacaibo Oil
■■'> Dec
110%
'
Mar
Jun
425
"26: #16%
Dec
Jan
7
Dec
May
72
/ ; 52
Jan
10
Feb
/
155
ti
31% Jan
Jan
Feb
51.
111#
39
Jan
Jan
'
76% Jan 30
v
20
108% Jan 18
x22-% Feb 25
3,200
-
57%
*111
13% ' ###
.
*4g% >50%
.;5634
X33%
:#
25
For footnotes
t
5
/ 123/a Feb
1,900
'
'
! 1384
50.
47%
55
'42'%
27.
Manati
4 y4 %
'
30 %'
X24y8
^
.72
"
Feb
Jah
"Magma Copper—10
Mahoning Coal RR Co>^—
15,700
5,800
1,800
.
.
'
47%
Trucks
'
/
" 42% #43%
24%# #: >; "23%
24%
# > 56% >57%V>
56 Xa
56X8
363/fl >36%
,37%
37%
,'
293/4
30% #'#.# 29%
3oy4
-/TV; ~
200
*200
200 #
]
118
•.• 118##. >115#';
56 34
/
35 '4
114%
37%
116'
116
21% >21%
..
36.
154%
10
_i—--100
Macp (R'H) Co Inc—Nd per
pfd series A
:_100
Madison Square Garden
No par
'
V#- 27%
Forbes
&
preferred
1; > 4%%
-
23%
>
200
13%
#
4 2 3/4
*111
*: :
4214
#> 42/8
:
' 55% #57#"#
*111#,: 113
•
•
116
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17 Va
■
>
43 Xa
42%
'
'
,
'
>
4834
107'
.43
423/4
#/./:.:/ 50
lis
34%
37%
6434
17%
17%
/
;
*1133/4
>
17'/a
/: "■#
2,600
9%#
14,300
17%# .-#
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/
43%#:
4,700
91/4
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•.
57%
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114%
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64
> 107
107 Va
107%
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-
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58
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#
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.
934
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16,400
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116
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-
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ill
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'
'
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#'
:
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4
108% Mar 15
V
303/4 Jan 28
a
:
13 Ye
70%
Apr
24'
104
417/a
Dec
Sep
109 V*
Nov
Jan
1 Feb
2
1093/4
Jan
293/4 Jan
17
17ya
Jan
120
26% Jan 28
108
Mar
107y2 Jan
Dec
Jan
:,/,■ 52"
12% Mar
27
Dec
119 *" Dec
30 Vs
Dec
25
Dec
98 3/4
Jan
1093/4
19
94
Jan
108 3/4
Oct
Jan
47%
Dec
5
-
Oct
25
51
Jan
16
35
22% Mar 14
29
Jan
16
14 Va Mar
29 5/8
Nov
87
Jan
16
543/a
Jan
87%
Nov
43
Feb
70
Feb
26
38
Jan
2
Sl'/a Feb 26
108% Jan
11
49% Feb 15
33 y8 Mar
60
y2 Jan
9
37
111
Jan
17
45% May
Jan
56
Dec
106% May
111
Jun-
Monday-,'March 18, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW
1
-./.-Monday
Saturday
Mar. 9
.
•f;r; Mar. 12
15%
15%
15%
33%
/A 32%
'159
57
82%
22%
110%
115
43
43
14%
23
57%
58%
•109
14%
•107%
-*82
115
43%
14%
14%
14 %
13%
•124
128
30%
130
30%
84
583/4
112
115
29%
•
115
*122
-
137/s
13%
13%
12%
13%
12%
13
41%
42%
40
43
40%
41%
51%
51%
50%
50%
50%
503/a
51
37%
37%
36%
36%
36 5/a
36 3/8
36%
37
35 %
34
34 >
37%
37%
•34
•35
35%
143%
141%
142%
141%
*111%
113
111%
111%
♦111%
*113%
115
114%
114%
*113%
114%
106%
84 A
106%
106%
106%
106 %
1413/4
138%.
141
*111%
112
112
#34
.
140
114%
114%
-*1133/4
♦106Ve
107%
♦106%
133/8
..A A/:
200
141
*111%
A;AA
3.400
82%
84%
82%
83%
79 %
82%
80%
26
26%
25%
26 %
243/4
25%
*24%
*56%
58%
•56
58%
*56%
58 %
*56%
58%
-.
*56%
58%
-*56 /•'-
*47%
49%
•47%
50
*48
50
*48
50
-v
*48
50
'*47%
26%
27%
26%
26%
26%
29%
29%
29%
*29%
A
17
:
•106
108
50%
49
163/4
16%
108.
•106%
47
•47 :
47 ':
39% W
38%
*110%
;18%
17%
v
i:
•
..'•61%
i
52
•
22%
A
*;
A
-•
22%-
21
22
46 Va
45%
45%
45
"
'
38%'
3.800;
10
9,500'
18
52%
*51%
52% V
700
63
♦61%
64
200
53%
A'V, 33%
-25%
18%
19 v:
*28%
18%
V ^
119
49% Jan
16% Feb
114
Oct A
i,
Dec
,Mar
All2 v Dec
108% Aug
8
Oct
115%
May
?
16-
3
:a7%Mar ■/
1
109%
34% Jan
2
22 V4
17% Jan
24
Mar
128
3
Jan
29ye Mar 13
13"%
-
Dec
Dec
124
Jan
37 A Dec
Jan A
Jan
16%
Jun
38% Feb
25
52
Jan
23
16 Ve
Jan
49%
Jun
Feb
27
51% Jan
15
36
Jan
52 %
Dec
29% Jan
2
44% Feb
6
26
NOV
34%
Dec
12% Mar 13
X45
32% Jan
116 A Jan
112
A Jan
25 %
'A
Dec
116
Jun
Feb
26 A
113
111'
Feb
19
106% July '
v
;
62
Jan .15
26
A 34% Jan
Jun
76
21
Dec
24%
Dec
61
Dec
£ 54
Dec
Dec A
•
2.53% Dec
A.
16
33% Feb
Apr
113
47% Jan
3
•
119
July
.*
Jan 29
,
A 56
47% Mar
2
29% Feb
>
Jan
54% Jan
41
A
6
25% Feb
Jan A
111
A 84% Mar 11 A
Mar
A
.33%
21% Jan
•.
-
Dec
.
Sep A
Jan
116
106 A Mar
36
117
All 6
29
8
>
Jan
143% Mar. 9A? A 79%
2
«.72% Jan
22
5»/i
29 !'
A 43% Jan
' 2
111% Mar 11
*1 V
(
Dec
32% Oct
23% Mar
'
A 44
1.
1
Jan
A; 58% Feb .15
105% Feb
3
A16%
Jan
18
,20%
1
Feb
A 22
-3
61
Dec
109% Nov
Dec
.43
Jan)
22
6
>18%
41% Mar, 1 /
4
Jan
Feb
26
A
Jan
.
30
Jan
.13'
•
55% Feb .15 A
Jan
Dec
Dec
Nov
>,115 ,
Ar 21%
J
52 ■
A
66%
109% Jun
>114% Jan
2
Mar
.50
Feb
A 51
38% Mar 15
109% Feb
4.7% Dec
31% Jane
9% Jan <i>
.97% Mar A
A 20
26
38% Jan
16 1
109% Feb: 6 :
25
>16% Feb 26
24%
24%
187/a
.
48% Nov
Jan
Feb
15
53
A 25% Jan
15
25% Dec
15% JanNov
55%iJanA A'A 56
64
.
A 47%
73%
533/4 <«
75%
*51
*50
26%
105
35%;
73%
53%
26
>
17%
40%
38
17%
38%
38%
39
353/4
35%
A:-
•203
205
*203
26%
18
39%
47%
74%-
69%
73%
.36 *
8,100
—
35
:
•
17%
A
43%;
46 \
71V4
51
;
72%;
*,
•105
35%
35%
A,-/
35%
203%
206
203%
-
National Cylinder G»s
169%
>
*169
169%
170
•169
170
/
•169
170
A— A
...
Dec
19%
Nov
•
A'.'-/
'
•••',.!
*•"
A
20
4.400
A 37
Feb
21 y2 Jan
v
: 195
Dec
30
Dec
20%
Oct
L
Dec
.;
Jan
>; Nov
38
:
20% July
A;;
:-
76
Dec
407/s
35% Jan
Mar 11 j
84% Jan -14
32%
Dec
24 Va Jan
,
Dec
-41% Nov
A: 19%
12% Mar
,13.
16 j
28
Jan
49
;9
65
29 '
43
2
7
48
Ja6
2
24% Jan ,l 3
No par
1
105
; 165
;Jan
Jan
24
Jan
29
30
-'r Dec
•
38
•
26%
Jun
37%
Dec
;
Sep
.,Sep
199%
Dec
,
152
„
Dec
108 >
Z
24::. Jan
177
19
Jan
Jan
xl01% Aug
203% Mar 14
170
54% Nov
Jan
13
28
108% Jan
8,
NOV
467
■
A,A.
L
A
37
67% Jan 29
.
•
7
Mar
: 32% Jan A 3
195'% Jan. 12
100
--100
1% preferred A——
A6% preferred B—
;
130
45% Jan
4
A 37% Jan
,5
-
Dec,
13% Jan A
81% Apr >
•
A:30%Jan;l4:i
Feb.26
17% Jan
34% Jan
--
21% Feb
'
No par
—10
National Lead Co—
,
-
A
Feb 25
24
•«.
Va
.A.:v- .j-S■<.i*
'• r
$4.50 conv preferred—
150'
x 34
.
20%.Jan;
181%
Jan 29 '
31
A17% Mar 13 ■).
—No par
No par
National Gypsum Co—
A
v
23% Mar
-
;20iy4 Mar 8
2
Feb
15
Dec
327/»
-.At;-';'—
•*
•
34% Jan
Dec
37%
A: 41%
•a:;T3% Jan::
t 33% Jan 28
26
•V
—1
Co
Nat Enam & StamDlng
1.200
12.300
'."170.-.,:,
170
Feb
Jan
Nat Distillers Products——-NO par
"
170
Register--—
Products
National Dept Stores.
15.800
203 ya
9% Mar
27
.
No par
1
Nat Dairy
6.900
34%°'35%A
203 %
15
29
193
10
National Container
250
20% Jan
28% Jan
Mar 14
30% Feb 26
No
National Can Corp
Nat Cash
AA-105% 105 % v
106 %
'.-3
AA
Jan
•
2.700
26%,
16% Mar
A 26
—
6,200
51%
"25%
25%
preferred-—
Bond & Share Corp
8.600
.
2
22%
Corp
Aviation
5.000
27 %
51
A
52
25%
A
7%
Nat
,8,200:
38%s
'
34% Jan
20%
:
■
100
'ITVe
26%
4
100
::.:;:i8% ...i8%.
/A;;,'37%A39 ; A:
A.':; 45- !; 45%:71%
73
A
'
105%
*203
A
5
39
3
•
•
26% :
A 105%
205
:
50%
25%
-
-—
National Biscuit Co-:
738%
is%
•
47%
•50
26%
National Battery Co—
26%
18%
38%
45
A
106
105
•
24%
-
52%
26%
105
35%
•
206"
17%
38
39%
900
32 A
202
Feb
; 16% Jan
2,200
31%
16
24% Mar 13
National Airlines
:;*27%: 29%
.
52% Jan
32% Jan
—
27%;'
*198
17%
3.400
,
Co
Nat Automotive Fibres Inc
27%
29%
'4
267/a
National Acme
St23%' ',24%:
202
•27%
1.600
"
Mar 14
45
National
A A
32%
*198
29%
24%
18%
39%
31%
202
Corp—/
& St. Louis
Chatt
7.200'
273/4
*27%
,
Nashville
90
,
a:*:,- 18%. i8%,
23%
31%
*196
41
49
22%
27%
31%
29%
40%
A
233/4
A 28%
28
;
32%
24 y4
26% : 27% v
A:
*104% 105
23 Ve
29
- -
18%
•17%
201
♦28
40
45
"
33%.
.
Nash -Kelvin a tor
19,700
21%;
•
26%
40%
A
45
;
,
25%
201
47
,,"21%
-
27
17%
v
19
'A /
24%
-40%
f
22
*45 A.
27%
17%
19
21%
33%
17%
39%
!i
33%
18%
-
75%
170
14
'
$7 preferredNo par
Munsingwear Ine—4—A.JV0 parMurphy Co (G C) new—i—a-—1
4% % preferred
-100
Murray Corp of America
—1C
A 4% preferred
-—
.50
Myers «F E) * Bro
No par
10
111%18
a
333/4
*23% A 24%:
29%'
''
74%:
35% :
A
17%
X63
Jan
6
28% Feb 26
Mulllns Mfg Co class B—
v
38%
17%
112
par
'Mueller Brass
1.300"
3.600
v*U0%
33%
173/4
.47% ¥i
*203
Motor .Wheel Corp—
A,
-f-M
;; v \t'\
'UAA
2001
27
•
205
r
19%
40
.
1.200
52%
-
14
—No par
No par
6s Co.
(John)
Motor Products Corp
46 '/a'
33%
AA: 31%
32%
•28;
24 y2
,
40
17%'- 17%
Jan
42% Mar
No par
4.100-
...
108'/a
*45
33%
v
29
*201
A
40'/a A
46
A
623%
34%
18%
....
19
62%
22%
f: *28%
29
40%
24
623/4
*45%
32
205
18%
■
523/8
45%
32%
,
A
29
52 %
34%
>
29
32%
*201
173%
22%
;
A A/ 27% ; 28
18
A
i8
m :'A 17%
24% A::;:y-24'-;/ 24%
29
*105%
111%
*110%
'•
52%
28%
24%
AA
52-%
i
62%
22
*34% -34% A
A 28%
..-•17%
A
111
*61%
i
-45%
A, 145%:
*45
'111
17%
52
,
39%
Morrell
V ,f>
-VAA
"
.'•?
111 3/4
14.900
.50%
16%'"
16%
108
A11% Jan;
1
No par
No j>ar
Moore-McCormack Lines Inc.
.'10
$2.50 cum pfd
50
.r
293/8
-
17
14
-
28
48%
48%
109 /
Jan
Dec
,58%
,
-
22% " A:i
,
39
29%
16
112
112
100
A $4 preferred series C
Montgomery Ward & Co
2.200
58
.
'27%
16%
•
%
80%
50
293/8
X48%
20
430
25
•27%
•106% 108
107% 107%;
46 -.A 46 >J A' *46
47" ;.
38 3/4V 39 A« r; -383%
;39%
48
♦110%
18
.
•61%
62%
A
39%
111
108
24%
293%
i6a%
A
X79%;
25%
26%
49%
16%
111 %,:?;'
Y-u- 52%
29%
50%
•39%
18
29 %
16%
*110%
*52
29%
-V
50%
•107
.
y*46%:n47% >•
27
16%
V
'
26%
*4914
>
17%
27
813/4'
Jan
4
100
10
series B_
Preferred
<
i°6%;x
116
Feb
Oct
A 26%
Aug A
13.
Dec
Mar
75
-
42% Mar
Mar 12
par
*—
29
110
$4.50 preferred ser A—,—No par
;
120
114%^-
106%
26%
>
V
112
•1133/4
114%.
800
.
36
140%
107%
900
1
Corp-
9
Jan
63 Va
160
Jan A
53 A Mar
Feb
/
Jan A; A
35
137
Dec
36
25% Aug »•',
' Mar 14
109
Mo-Kan-Texas RR
13.300
25%
'
__3
100
58% Mar 14
8.200
423/4
•35
111%
111%
26
Jan
70(
No par
7%*preferred series A
100
Mohawk Carpet Mills
20
Mojud Hosiery Co Inc
2.50
Monarch Mach ToqL__—,—No par
Monsanto Chemical Co
—10
12%
A
26
251
Mission
4C%
35
1393/4
-«
V
a
20% Feb
51% Feb
2.900
51
37%
51%
37%
•50
;
30% >
51
51%
•29
9,400
43%
2
93
1st
A 4% % preferred series C
A4% preferred series D—
Minn Min & Mfg
——No
Mmn Mollne Power Impl
-86.50 preferred
No
1.900
130
30
:
165
Minn-Honeywell Regulator
4% conv pfd series B
-
13 3/4''
-13%
>
24
cum
14% NOV
V7 % Jan
156% Jan
80
453/4
45
9
preferred
100
Minneapolis & 8t Louis Ry—No par
Minn St P & SS M A vtc—_No par
110% >
'
15
37
26
6,500:
v
*110
13%
51
35%
A
*108
A
443/4
41%
,
1
112
16
Jan
62%. Jan
26
Feb
8%
50
400
58
*109
18% Feb
3
31% Feb
50
Highest
t per share
$ per share
12% Jan
Petroleum
Steel Products——No par
Midland
21.200
■
/I per share
$ per share A
8
Copper
•/Aa;
^
Lowest
Highest
Lowest
10
Miami
Mid-Continent
j;
25%
A; 57%
•
110%
♦110
A.- 44%
-
24%
Year 1945
Range Since January 1
-
.p i
.
'■•■"'■■A/A spy/-par l
AV:"
&& 6.300
f'
1,000
■>
85%:
STOCK
YORK
EXCHANGE •;
V - i
Range fog Previous
AAA "A-""
STOCKS
:■
;
NEW
v
'Si A
-
:
4.600
r
164
*83
-
253/4
14% A:
13%
13%
129
A: *124 /. 130
30%
29%
30 •>;
*123
30%
31
*
43%>
14%
*162
165
A. *1073/4
110%
•110
14%
54%
V/■. 112
115
14%
V82%
112
110%
43%
33 3/8
53%
I
•107%
44%
106%
1
......
•110
43%
32%
52%
-24%
58%., AA- 57%
57%
.
109
44
•43%
•125
44%
142
85
21%
14%
33 V4
14%
.
Shares
14%
165.
110%
>'
.31%
*34%
85
23%
I per share
52
164%
83
the Week
32%
A
i
115
>
■
130
-
163
•
•107%
14%
31
51%
•110
•107%
•110
•125
33%
51%
109
110
110
15
32%
23%
i
57%
I
57
-
.
112
14%
33 %
83
23%
57
.
•110
15%
163
Mar. 15
-
i L..-
Sales for
Friday.
Mar. 14
tper share A:
53
163
82%
23%
23
/
;
86
*82
■
v
163
•159"
163
.
f per share
32%
53
53
Mar. 13
^
,; ,
Thursday
A
52%
33%
53%
xl5%
15%
33%
'52%
'"i
PRICES
Wednesday
,
:A $ per share
$ per share
$ per share
SALE
HIGH
Tuesday,
j
,:>Mar. H ..;;j
,.
AND
.
*24%.
25
34%.
24
'
24
A;
*23%
33%
.
34%
34%
'32%
A- >">•54 ■"
'
10%: 10% A
9%
*54
•, /
55%
82%;
82%
31%
'AA
A:
30% A;
55%
-
20%
30%
105%
*82%
30%
A;
29%
30%
17%: t7%A- AA13%
13%
13%
13%
iOW
Mondar
A t
per
&1% A
.*55%
•106
57
'
>
.
*35%
A
113
33 %
31
llO'/a
*108%
113
*110
X33
34%
28
•
28 y2
28%
57
,29%
13
81
•V
19%
A
30%
X29%
17
16 %
j;
!
13
101% Jan 24
16%
4.200
33
30
'
X281/4
55%
58
106%
*106
35%
108%
*110
42%
;;
33%
,43%-v
32
28%
V
33
58
56%
57%;
27%
28
26%
28%
A
46%' 46%
,45
;
♦121 Va' 124
v
*55
A
*250
a
•111
45%
121%
45 y#
121%
36%
36%
124
36% A, A-
•-
27%
A
36
36%,
27
36%
*26
♦121
A 26%
45%
-
26
27
,
"67. .'A I.V A. 54»A
27%
*24%
A
61%; ':;'*55 ;■ 61%
; A. *250 'A 340
A 112% A: A 111% 111%
27%
44
45
120
27'/a
*44
122
26%
,
108%
*110
112%r
43'A
42%
42%
32%
33
28%
54 y8
27 VB
26%
44
'
33%
28%
55
—1
-
29'A
■
A
*55
26%.
•;> 26%.
27
26%
-
♦250
.
112%
.
26
k
61% AAA* 55
340 A
112%
26
61%
-340
*250
A
*26
A-
:
*55.
♦240
,
113%
112%
25 VB
25 %
X46'A
46%
-Aw
M
112%
26%
*112%
A A 25
*24
-v
^
112
200
v
'
160
2.400
-
.
preferred series A
Omnibus Corp-
York
New
i i-
-
6%
N Y City
900'.
61%
340 I
26
A*
1.600
A
!
—100
—100
No par
>
A
281 >-,
*47
A
281%"
♦124%. 125
33 V4
30%
-
113
30% A
115
,•
,
52%
52%
17%'
17%"
.
:
33
.,
14%
*113%
A
30%; A :
113%
112%
48
124%
14% A; iV"
28%
113
47%'
"278%
•
»
33%
14%;/A/A 14%
A. *113%
115
/
*113 »/a
>A 463/4
A'.
125 ?
*124%
AM 32%
33%,
14%
49
279% 281
28%
A *112%
47 %
:; :,
53 . ;A A
47
53
'
*
•
".17%
17%
*57%
57%
18%
18%
47
*52%
*
46 3/4
45
46
279
'<* 281
'
281
A
124%
124%
33%
3i y»
33%
31%
32»/a
14%
115 A
13%
14
12%
♦113%
29%
A 28 y8
19
19
>
-
14%
114
114
48
53
A 45%
A
•
124%:
*113%
29%
: 28 y2
114%
*113%
,47%
46%
52 Vi
53
*16 y4
278% 280%-
"124% 124%
115 ,A
17
52%
16%
17%
/ * *57%
57%
57 %
57%
*56%
p 18%
18 3/4
18'A ;18'A
A"' 18%
i6ys
324%
AA /
stk——1
29% '-
28%
115
*113%
52%
-AAA 47
VAAV-51%
16% f-7S
58
/
,
*18%.
."'■v.:.; *5fi%
18%.
A 170
;
Industries
—9
Western Ry—-w-100
Noblitt-Sparks
Norfolk &
^
pfd—.—100
10
——1
Central Ry Co
—50
Pacific Ry——
100
Adjust 4%
non-Cum
32%;
-
19.000
North American .Co
14%
11.400
North
*113%: 115
...
-620
124%
31%
"AA .13%
115
46%
600
-
279 A 281%
*
57% 1
*56%
A/:-46 A A4T;1
■
*
29 y4
115
18.900
>
;;
48
51%.
60
300-
16%
58
•
3.000
r;
800*
20
.•
1.300
-18%
Northern
Highest
$ per share
I- 28% Dec
fij| per share
sharp
15% Mar;
•32% Jan-30
61%
Jan
64
Jan
14
30
Jan
29
103
Feb
4
40% Jan
17
35
Dec
109% Jan
8
110% Jan
111% Jan
30
49% Feb
8
32
5
Jan
40% Feb
17
26
Feb 26
29
•
24% JaU
Feb
36'/2 Jan
106
>
a
37
Dec
109
Nov
,110
.
Nov
26
69% Jan
45 » Mar
A 21% Jan
16
59
17*
•
'
.
"Feb
120
20
35 y4 Jan
>,'28;
-
16
Jan
Dec
y
27% pee
58% Oct
!
A
*S2r Jan
Jan
-
7
Feb
xl07% Jan
29
14
41
19
,325
Mar
19 % Jah
A
45
■
.
18
53
19 :
.—50
2.80
:-
-
.
,
.AA:
A
i#
A
1:
'.-.-'aaib^r
Ms
iii\i
rsiitov
' ;
-
282
3*.
Jan
Jan
121
•
Jan
37%
.llf
219
7 V
Mar
,
125% Feb
118
25
35% Jan
29
A 16% Feb
16
-
,
29% Feb
26
13 y4 Jan '
3
,111 A Jan ; 3
'
28 % Mar 13
112% Jan 28
45 ; Feb7
———No par
Preferred
-
Feb
49
;;
7
13% Jan .7
A
•
"
24y»,Mar
50%
;
Jan
*
126%
31%
(
Jan:
15%
:
112
55 % Jan
•
3
:
•
'Avl8% Jan' 30
46 ; ^Apr
6%
i
57% Jan
y
9
19% Jan
9
-
Jan
Dec
Dec
Dec
116% Mar
"
".
Nov
A 38% Dec
1
.
Oct
258!/a.N,0V-
Jan *•
Aug
105 % Jan *
113% Feb" 21 i
17%. Jan
ij 36 ^ Jan 11 .
July
114% Mar 13 ; .110
26% Mar
56% Jan 116
26A
AFeb.^t?
18
-:/'•
.Dec
:
19%, Jan
A 9%
-
Feb
56
.
Oct
110
J
Mar 13 /:. A
*
Norwalk Tire & Rubber—No par
.
>
>-246,
Nov
410
■
14% Aug
28% Feb
2
Nov
A Nov
65
Mar
102% Sep
112% Mar 12
'
-
—
Norwich Pharmacal Co.
39%
.
Jan
162
17
Feb
19"
Jun
148
,.28% Jan
>17;
Dec
75% Jun
"
; 57,
«V 325
TelegraiwiOJi!—-50
Northwestern
A'.A'
■ioih? -:
Airlines
35%
'
103% Jan
15
37% Feb
27
38%
Jan
32
Jan 29
134
21
24% Feb
Jan
Dec
;
*16%.Aug1
-
18
35% Jan
Mar 13
26
47%
Aug
18% Jan
6
Mar 13
54
32
Dec
108% Mar
Oct
,
105% > Jan
9
29% Feb'
4
■: 44
i
Northern States Pow $5 pfd.No par
Northwest
Dec
A A; Year 1945
Lowest
107 t- Mar 14
Anfericrfn Aviation
Northern
'
Dec
14% Nov
:
49
•46%
297/«
,
'
No par
preferred——No par
N Y SLtpbldg Corp part
107 %
y4 Nov
108
.
Dock
$5 non-cum
N Y 6s Harlem RR Co——: --SO
N Y Power & Light 3.90% pfd—100
3
106 % Feb
No par
-NO par
Centra]
N Y Chic & St. Louis Co:
1.400
112
25%
New York
68.400
-
27%
*55
•240,
•
,>
•
44
-
New York Air Brake
1.000
,
26%-
122 A123 A
36%
36%
^AAA
27% AA
61% :
37
340
55
r
$ per
A >53% Mar/ 4
-600
•
'
A 26% Jan
serial preferred—100
conv
Dec
A 33% Mar
10% Jan
2
Highest
8 per ehare
Par
Neisner Bros Inc
4% f»
Dec
24%
v-
,
,10% Jan
Ttsw SlneeJatjnarv 1
Newberry Co (J J) New
No par
A 3%% preferred
—
100
120.
New Jersey Pr & Lt Co
pfd.100
Newmont Mining Corp—
2,000.-:
-10
5,600 i Newport Industries—
—1
Newport News Ship & Dry Dock—1
4,200
'
36%
./..123- -A aI
*36%
27
•
350
26 y4
121
36%
*25
Feb
15
A Lowest A'-
Corp—-———No pat
Nehl
36
:
•
Nov
A 20 y4 Feb 11
12% Mar 15
.
W;
50
v107%
•
'
3,500 :
AC 1.000 A
36%
36%
107
29
-106%
45J/a
'54y8
,55
26
,
102
7
29% Mar-
85%
Jah
15
Dec
14% Nov.
-
26% July
•
2
v;
19
Apr
22% Aug
29
#108% Mar
16% Mar 15
'
*57%
Jan
32
ft Jan
'Dec
'
Range for Previous
stocks
YORK STQCK
EXCHANGE *
NEW
Share*
60
*106
A 112%'
31%
,27%
27%
V
42%
^
28%
•57
'/
,
106%
*35%
Sales for
the Week
,< per share
.-
28%
58
,.
107
112%
*110
AA
I per share
108 l/a
„
7
Nov
35
-69
Jan
65
91 % Feb -15
a
FrUta?
Mar. 15
-Thursday
Mar. 14
/
:
26 y4 Jail
-
No: pat ■'
Natomps
2.200
%
26
25
.
21;
33
A'34% Jan: 2;
39% Feb 25
^
'19% Mar 13,
25. Jan>18
A'4%% 'preferred
280
900
12% u2%.-
:
preferred-,-'-^—.,—40
$2 cony
900
A
104 % A;
A 27l/a A27y2
■
■
29%
x29% Mar 15
-w-4-—--100
National Tea Co__.—
-10
Nat Vulcanized Fibre Co.w—.--a-i
6,200'
80'/a Feb
16% Jan
Jan
.
Jan 11;
.12% Jan <24-
A'9% Mar 14
.
26
Feb .18
41% Feb VA'68
26
No par
1—25
No par
—10
National Power & Lt
National Steel Corp
National Sugar Ref Co
National Supply (The) Pa
1.500
19%.
•
X103%
A
>1.800
32%:,:
*31%
19%:
-
p:
106
28.900
a;
30 % Mar 14
A 51% Feb
i—4
National Oil Products Co
A 1.000
81
81
A
32% A;
3.100
9%v
,22% Feb 13
National Linen Service Corp.—^.1
Nat Mall & St'l Cast Co.
NO par
1.300
,
55
9%
9% - ;
28*/»i
A. 13 A;
35%
-
»43»/a ',44 / V
A
28
16%
Mar. 13
*106
113
45%
•'
55%
36%
110
43%
-
17%
27%
-
57
36%
V
'
-
$ per share
106%
108%
34 'A
•
29%
,
57
*106
36%
*109%
-
45% A-
:
■
•35%
•io8%- iioy8
45%
30%
'
30%
-105l/a
*,v
Wednesday
| per share
A'
56 A
:106
106
36%
*109'/2
31
31
56
■
,106%
,
19%
23
31%.
*53
54%
:
'A
31
AND HIGH SALE PRICES
TnesdaV
Mar. 12
$ per share
share
*31
:
:
13
r."
-32'—
-
28%
-16%
i
81
A--
30
106
'
28%
■■■'
167/8
'5t»r.ll
Mar. 9
82%
23
.22% A
"32
53%
'"9%
19%
30
<
30%
54%
32
19%
13 y*
f
Saturday f
80%
•105
28 %
X22%
A
9% '
X32
30%
A16%
13%
,v
9%
>
105 y4
28%
.23%
32 ■-'A'
54
A
197/a
30%
13%
13%
10
83%
32
A
105
28%
28%
A
32
32
106:
106
23%
33%
19%
32
-20
19%
106
29%
9%
83%
32
'
24
55 >/
-
•10 %
yA 83
32
A
20
*54
63%.Dec
.'Nov
,
.
A 57
"
!
15-
.
50 .'
Mar V
127/b
Jan /
'Dec
V 57% Nov
21%
;
Dec
'A<?
-;
:■
'
112%
.
-
22'A
30
*111 %
22%
•Ill
•
2iy8
29%
30 VB
113
113
*117%
29
34%.
*173%
100
*95
86%
For
21%
30 y4
113%
113%
114
16%
15%
16
117%
27%
•
27%
34
34%
32
30
30
113
117%
34%
*173%
176
*">0
21%
15%
118
*28
22%
113%
•
16'A
16'A
*111 VB
113
,
32
r
86%
footnotes
*95
86
see
*95
86%
341/s
*30
100
page
27%
*173%
175
*30%
✓
118
1448.
85%
118
27%
34%
175
31%
100
85%
•lllVa
20%
29
113
113
27%
33 Ya
173%
30
*95
84%
20%
30
21%
28%
.
15%
X116>
116
28
28%
29
34
30
100
85%
A.
33%
*173ya
*28%
*95
84
33%
177
30
100
85%
:
>21
28 A4
29%
113%
Xl5y8
118
173%
"*110%
113
113%
113%
15% -15%
118
*110
21%
'A-:
113%
15%
Ohio
,/
112
22
22.800
i
29%
113%-
4.500
AA
330
15%
3,000
•117
118%
80
*29'
29%
900
33%
»173%
*28%
*95
84 %
33%,
,
4.200'
174
A
40
31
A
100
.
100
85%
Edison
Co 4.40%
Ohio OU Co.
pfd--—100
111% Jan
15
A—No par
19% Feb
-
Oliver Corp."———
A 4%%
27 % Feb
No par
112% Mar
convertible preferred—100
No par
Ow^nn-niinols
Glasr. Co
15
1411
32% Jan
26
18
Feb
10
24%
106%
Jan
♦
-'32% Feb 25
39 y2 Feb
Jan
2
176
28
Jan
2
34
par
91
12.50
75
Jan
.
30
100
Jan
7
89
Mar
.
7
Oct
23%
Dec
34%
Dec
119
Nov
11%, Jan
-18%
Dec
Jan
xll8%
Dec
Jan
34%
Nov
107,.
13%
: 23% Jan
155
Jan
•
36%
168
32%
Dec
Dec
NOV
25
22%
Feb
18
74 -t.-,Jan
95
Dec
Jan
30
58
79%
Dec
Jan
•
2
A
Jan
1
166
No
-
16% Aug
17% Jan
120
112
107% Jan
9
34% Jan
>•
100
2.50
preferred
Outboard Marine & Mfg
Outlet Co
19
xll9%Jan
2
27% Feb
10
Otis Elevator-:
Jan
115
100
Oppenheim Collins
7
26
Jan
Jan
,
23
26
15 Ve Feb
6
Omnibus Corp (The)
8% conv preferred A—
6%
*112
26
Jan
Jan
.Volume 163
Number 4473
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
*
> Saturday
Tuesday ■•/•■■■
Mar. 11
Mar. 12
I per share
tper share
*16% •#171*3: A,:. *16%
*22'/a >22%': : 22%
43%*
44
43%
58
>
81
180
9%
44%
*16%
22
-
44%
81
79
81
145
145
180 J->
9% /
►178
9%
78
9
23%
520
v
85
160
46
46
46%
-1.290
44
43%
44%
7.200
Pacific
58%
59
59
1.500
!•;. Pacific
77
2.700
Vv
143
300
105/8
10%
10%
10 3A
44%
•
43%
*58
75% V; 75%
,
-145
•
180
8%
> 24
10%
107/a
;»•-
23
85
78
24%
Pacific Amer Fisheries lnc
700
23
145%
♦178
180
9
'
16%.
16%
178%
9
■
178 y4
178 y2
8%
8%
,;••■•.■
24%
77 V
X142
145
178'A
87/a
,
'i'-
24
24 .,.'■' 24%
10%
11
•
70
Pacific
11
10%
>
Coast
&
Electric-
6%
24% Feb
16
13%
Jan
22%
Dec
26
19% Jan
22
11%
Jan
23 »A
Nov
19
85
15
45% Mar
89%
Nov
14
34% Jan
19
24
Jan
40% Jan
4
45 y4 Jan
24
34 y8
Jan
56y4 Mar
6
64% Feb
15
48
Jan
71
Jan
2
Feb
4
Mar
6
152% Feb
1
121%,
171
Jan
3
179% Mar
4
160%
8% Jan
3
1
22%
:>'>
22%
♦17%
21%
22%
21%
17%
19
17%
*17%
22
20%
21%.
18%
17 y8
17%
20%
*16
'
47%
47%
♦110%
47
113
11
11%
76%
;*no
70
6%
:•
37%
*30%
•.
31%
23
•'
:
23
*72
:
14%
26 %
30
.
43%
42%
.
*.
42%
*46%
27%;:
97%
43
*109
Aug
32 Ya
Dec
12% Feb
5
5%
Jan
12
Dec
18% Mar
29
Dec
26
14%
14%
40
41%
39%,
"
v
72%
*115
X14
•
-
40%
28%
28%
28%
28%
109
.
28%
•125
53%
28%
28%
28 %
119%
•125
>
52%
53%
•32
22
47'/a
45 3A
: 109 :» 109%
109 Ye
>
42%
11%
12%
•84%:
♦27%
28%
*21%
25%
*57%
66
;
67
11%
18%
140
29%
23%
32 %
137
' 147'A
116
- 128
60%
59%
60%
31%
20%
21%
*107%
110%
*109
*35
!
750
*21
29
45% Jan
76
30
:
300
128
.
12.500
54 y4
:
33
,
: 21%
11% Aug
17%
Jun
28
33%
Dec
1 32
Feb
12
115
Jan
23
27 % Jan
24
20 V2
33% Aug
47% Feb
16
46
Jan
30
37% Mar
2
52
Feb
18
30%
Jan
Feb
20
103
69
Jan
96% NOV
51% Jan 25
14%
Jan
43% Nov
40 y2 Jan
11
21
36% Jan
17
19 y4
Jan
43%
Jun
9
92 Va
Jan
119%
Nov
63
Jan
116%
Jun
Feb
>
Mar 13
25
26
111% Jan
14
>i>88% Jan
4
38
Jan
21
107
Feb
13
>13%
Mar
8
98% Mar 11
42% Feb
108
Mar
8
Jan
13
Dec
>16% Feb
6
9%
Jan
15% Nov
>19% Aug
44% Mar 12
5
17%
85%
29%
Jan
21
43
Feb
16
25
Jan
40%
Dec
69
Feb
26
76% Jan
22
57
Jan
71%
Dec
Feb
27
117% Jan
18
106%
Jan
Feb
Nov
Dec
71
Jan
28
par
1
.
5
42'A Feb
105 »A Feb
7
No par
100
25% Feb
27
125
Jan
Feb
Feb
19
117
Aug
Jan
107%
14%
29
26
59
Jan
Jan
11
30%
29%
22%
22 y4
31%;
32
58%
110
17%
111
•/
29
700
22
1.900
Pittston Co.
30%
3,100
22%
22%
33 Va % 34
Plough lnc
Plymouth Oil Co
> 2,500
*198%
21%
*29%
22
24
24%
57%.
100
26% Feb
26
34% Jan
18
21
Jun
3,100
Procter & Gamble
36
2.000
Public Service Co of Colorado
25
12.900
66
113%
Xl22%
137
136*
136%
>436
136%
147%
146%
147%, $
147
147
>>•147
147
116
116
116
115 Ve
.
59%
581
21
20%
110
•109
110
35
35
35%
4
109
34%
113
?:
123% 124 y4,
115%";:
116
58 y2
60
21 y8
21%
;
21%
109
109
15.100
109
35%
i
35
30
9.500
<
200
36
2,200
Tuesday
Wednesday
Mar. 13
t per share
21%
21%
22
'
-
22
Thursday
Friday
Mar. 14
t per share
..
30% Mar 12
4
25% Jan
10
17%
—50
No par
18
24%
12%
Jan
23
;
Feb
> 27% Feb
4
26
>
.
Mar. 15
> I
t per share
33 V2 Feb
19
39% Feb
21
21
15.
15%: > !•'" 15%
93 > >
93
19% »
18%
♦21
22
*21
>
3
29 Va Jan
55
300
Dec
26% Dec
9
115% Jan
10
7
126
3
7
137
Mar 13
150
Jan
66V2
Mar
17
28
1%
.
No par
100
109
Pub Ser El & Gas
pfd $5
Feb
120
preferred————————100 >
preferred.
100
Feb
132
Jan
143% Jan
,
5% conv, preferred...
^..100
Purity Bakeries Corp
.—No par
,
Jan
117% Feb
114 y4 Jan 23
58y4 Mar 14
19% Feb 26
109
Jan 30
32% Jan
2
No par
Pullman lnc—No par
Pure Oil (The)
..No par
NEW
YORK
STOCK
Jan
Nov
Par
113
.11
Quaker State Oil Ref Corp.
19% Feb 20
Nov
Jan
112%
47 y4
>•17-.;
23% Feb
115% Dec
*148% Nov
Oct
.
Jan
118
Jan
65% Oct
24% Dec
112% Nov
Jan
106
May
23% Jan
4
35
Nov
> Range for Previous >
>>■:> Year 1945
Lowest
I per share
fpershafe
'
Dec
>138
121%
Jan 29
38% Feb
% per share
126
Jan
15
10
Jan
110
15
69% Jan
Feb
106%
17
23% Jan
27% Nov
102%
2.
Range Since January 1 >>
Lowest
'
Highest
EXCHANGE
Shares
21%
33% Dec
4
>23% Jan
Sales for
per share
Deo
27% Dec
25%
16% Jan
Jan 17
70
20
the Week
,
30%
>
>
63% Feb 18
Feb 26
62
16
Jun
>>22;.'>I>ec
27% Dec
7
Feb
30
57ya.Mar 15
Jun
43% Jun
198
Jan
» 20% Mar
.
> 91
Jan
39 y4 Feb
STOCKS
Mar. IS
$ per share
A..
$5 preferred
6% preferred
420
600
8
31% Mar 12
;
Oct
69% Jun
Jan
3
Pub Serv Corp of If J——.No par
430
r,,
*1153^
59
•
1.010
ser
12%
26% Jan
par
No par
1
24%
113
preferred
Jan~28
x21% Mar
9
35%
4y2%
28%
18% Jan
7%
No
Pressed Steel Car Co lnc
200
—.—,■
Dec
15% Dec
117%
Jan
198
Poor & Co class B
2.400
12%
Jan
Mar
.100
66%
20 ye
99
Feb
24% :
58%
27
68
35%
21
Feb
30
65%
60%
141 •
18
35%
,
8%
>22% Feb 16
91 y8 Jan
Pocahontas
Dec
Dec
205 % July
44% Dec
Dec
>93> Feb
Pond Creek
13.300
25%
&;6% Jan
3
1
Feb
Sep
Dec
23% Nov
Jan
39%
2
24%
::■;;
15
83% Jan
66%
124
190
28
30
Jan
65 y4 Jan
(The)——.
11%
>106
20% Dec
15% Jan
100
25%
114
Jan
14
3
>
—a.
48% Jan
7;
Dec
37% Nov
108%
> 85% Jan
:
8
100
36
113
16
35
126
49 y2 Mar
57%
65%
124
;
8
5% preferred class A
5%% 1st ser conv pr pfd
Pittsburgh & West Va
2,000
20% ; 21%
24%
59
'
Feb
Feb
206
14
Jan
118% Aug
8% Mar
25% Jan 28
26
14 y2 Jan
Jan
6
30
Mar 13
-
Dec
59% Dec
v
Sep
Mar
Pitts Young & Ash pfd—
136%
35
>>
*28
:
1,240
20
1233a
•
123
preferred class B;
84
113%
123%
136%
20%
No par
100
7%
139
24%
f
113%
122%
■». 60
> 10
Pittsburgh Steel Co
4.200
No par
Feb
25
105
106
;
;
203 > Jan
124
Dec
"4\ 'v»v>';•'•/•
7
> 15% Feb.
100
40
84%.
22
23 V2 Jan ;y3
100
Sep
Apr
34%
Jan
135 £
21 '/4 Mar 13
l
Co
74
Jan
Feb
35% Jan 15
Mar 13
102
Apr
113
Mar
44 ya
> 11
110
2
1;
65%
136
146%
No par
Co
10
84
30
21
Glass
10 lA Jan
Pitts Screw & Bolt
13.600
17%
conv preferred
Consolidation Coal
83%
32%
24%
Chemical Co—No par
Pitts Plate
22%;
*57
&
87
22%
25%
$:■ $5
208%
*131
31%
21%
Coke
122
•'
J06 % Jan 12
134 > Mar' 8
100
35%
;66
•109
35%
;
X30
59%
•57
35%
i
113%
?
24%
21%
29%
!22%
^32'^
;::.v'2i->:
21%
25%
25%
.
22
No par
7,100
17% r)
*198
21%
Pitts
83%
28%
•27
•198
..25
preferred
29 y4 Nov
Jan
15
41
Oct
29% Nov
>
Sep
8
127'/a Jan
27
30% Feb
Jan
36
25
30
25
115
Jan
30
110% Mar 15
10
49
No par
5 g:
21%
Jan
121% Feb
27
100
Pittsburgh Porglngs Co
Pitts Ft Wayne & Chic Ry
7% preferred..
11%
Dec
> 36 '/a
50
19%
Pitts
10%
139
82%
*84%
-
>
28
28
'
22%
25%
-
11
36%
25
44%
7.500
: 42
Dec
Nov
4
12% Aug
2.900
41%
41%
105%
12% Feb
31% Mar
56% July
21%
-
Apr
NOV
5
26
*206
38 y4
1
17
$4
3.200
10'
Dec
Jan
♦102%
'21%
-
Nov
46
19 y8 Feb
103
25 y4
46% Nov
49
t
July
26
18
Mar 12
109
Mar 14
35'A Jan
Mar
125
10'A Mar 13
3
25 y2
21%
Dec
47
40
,
Dec
Apr
27
Iron
PUlsbury Mills lnc———...
500
12%
24%
•
Mar 18
Coal &
Pitts C C & St Louis RR
11%
:
208%
*131
85%
66
12
103
30%
113
Dec
27
»!32%
1
Jan
Nov
Jan
34% Feb 26
■
19
111
Feb
x40
-—-No par >
Philip Morris & Co Ltd
f> 4% preferred
Phillips Jones Corp„
f
7% preferred—
Phillips Petroleum
Pnoenix Hosiery
*197
♦206
137
86
58%
V
Dec
25
5
-
♦131
18
*130
33
Dec
16% Feb
30% Jan
>,
77
*1073A 108%
May,
49%
5
■: 7
37
108%
72
Jan
Mar 13
46% V
21,000
Jan
57% Feb
Jan
-
100
Dec
Dec
24 V4 Mar
4
100
Corp
> 1.400
59
•
'
17%
Oct
Feb
& Read
110'/a
Mar 15
xl8
37
Phila
Phllco
•3oy4
17 y#
Mar. 11
21%
24% Jan
»15
6,800
6.900
*120
:
33
11%
Monday {
share ;
30
3
V31:
LOW AND HIGH SALE PRICES
per
Jan
6% Mar
>30% Jan 30
46%
54%
11%
84
*115
60
21%
•>$
Feb
21%
25
15%
110%
42%
81%
;■> 35%
113%
136%
•115
Mar. 9
29%
16
25
37%
V *27
-
10
»
24%
.
»
122% 123%
136
Saturday
18
14
34
-
;
Feb
15%
•197
85
21
% 112%
36
:
6.500
119%
Dec
Feb
39% Feb
100
& Co lnc
Jan
> my4
Phila Electric Co. com
No par »27%
$1 preferencecom.»———Nopar27%
4A%
preferrea
J00 > 118
37
:
::
29
;
42%. :;.7,41%;
,41%
22%
22
257/8
•35
119%
15%
21%
25 y4
-
2o!y4
•206
31%
59 »
147
12.000
28%
'
(Chas)
2%
Feb
100
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
$6 preferred
No
550
29
19% Jan
»43
100 >
89%
16,500
.
72%
73% Dec
110
No par
Pfelffer Brewing. Co.
Jan
26
28% Jan
5
2nd preferred
July
57'A
32%
'> 28%
10
Pfizer
28
38 Vs
12
21%
29%
•
35%
146% 146%
•115
116
4%%
110
2
5% Dec
39'/a Nov
,
33%o
Oct
27% Mar
Jan
13% Jan
•
100
.—100
Dec
Dec
7% Jan
Jan
No par >.""".'-22 ' Feb 26
50
4iy8 Feb 26
15.200
43
37% >38
72%
121
*101%
26%
22%
25%
65% n60
136% 1
21%
•198
*57%
122%
".
Light Co
106%
Oct
14%
X8Q%
Jan
23% Mar
v'
7
Petroleum Corp of America
1.700
28
33
£
•28
28
23
25%
112%
42
.
100
30
:
&
23
56
Jan
4
67
Feb 25
51
36'/2 Feb 26
-
No par
preferred
Power
Dec
Nov
111
4% Mar
8
109% Jan
10
Feb
•
20
x39%
Apr
Sep
20% Jan
10
new
Pet Milk Co
13.100
27%
-
*107%
7
12%
•85%
86%
35%
136%
,
112
28%
53%
102
84%
25%
112%
Co
>Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores lnc
^ Peoples G L & Coke (Chic)
Peoria
Eastern Ry Co
Pepsi-Cola Co
Pere Marquette Ry Co
>
5% prior preferred
5% preferred
110
*30%
25%
17%
*130
;
36%
122%
-
1,300
j
*134
11%
42%
11%
17%
85
25%
>
98
41
46 Yj
32%
"
X24%
.
%
*39%
110%
;; *120
33
102
208%
12
*35%
.
1.200
28%
28
,
*197
41%
21%
22%;;,
25% W
59%
V
21,900
114
1097/a
108%
21%
43
22%
33
34%
26%
113%
46 y8
53%
'32%
26
•206
>H"'5
•
29%
23%
32%.
;.
♦107%
13
25%
32
29
29
*23
38
;
•134
21%
22%
23%
300
,
600
>
*109
v
'■■v-
33; ••;
•102% 103%
♦198
*23
37%
114 y4
♦15%
.
128
52 y4
•197
*84%
86%
800
124
97
.
43%
>"
>13'>
1037/a
25
84%
•198
'
13%
•
22
•130
86%
85
,
21%
17%
18%
18%
♦135
140
:
'•
37
11%
'
*123
96%
28%
30 ::"P
•30 y4
107% 107%
41%
43
V
41,
"28
109 7/a
*120
r : f
53%-;
♦134
♦206
♦205
337/a
*25%
:
112
114%
47
*28
33%
10
Feb
■
25
>
128
52%
*31
*197
>
30
*125
"r\
13%
25%
200
103
'/.v 37%:
37% •';:37%
72% 'j 72%
>
16%
32
•102%
22%
25%
1,700
•
13%
38%
•134
•197
"
-
*28
*134
13%
103
.
25
•1197/a
15
34
32
103%
48
13%
121
•1197/a
37%
♦107% 108%
>
42 y4
47%
13%
28%
16%;
53-
*31%
34
42
34%
42 7/a
28 %v
38%
30
128
115%
46%
109%
*28
25.500
10%
".
28%
119%
*
15%
.
109
'
44%
10%
,
38 %<
"
•107% 108%
,
119
16%
39
43 y4
5%
,v13%
1
28 VV
'
14'A Jan
83
35% Jan
:
1
Glass Sand Corp
Penn
'
48%
•; ; :
13%
*114
28%
.47
28%
V *102%
72%
28 %
15%
128
*32
:::
39
115
"
Coal &
Penn
30
par
No par
Corp.
Coke Corp
;
Penn-Dixie Cement
400
22
10%
73
115
i3
Jan
13% Feb
par
2.50
Co new
Penn
*112 %
10%
39
38%
48%
109
37%
72 V*
38%
'>. 72%
>
106 »A
>> 4%
Airlines
(J C)
-
3.700
123
•109
13%
44
28%
•118
16%
39
48'A
13%
42%
28%
119%
15%
38%
14
44%
No
?
600
23%
:
'
<38%
r,:.. 96 %
•39
10%
13%
73-,
•
4.000
%
102
33%
112;:-;
10%
13%
24%
Penney
Penn-Central
,
49%
25
41%
*109
*13%
^•'•28%
•
43
122%
42%
116
29'/a
8
1
.
No
'
96%
96%
10%
18
26
Mar
108 Va Jan
!
13%
Feb
72% Mar 12
•Vpenick & Ford
5.200
4.300
Mar
110% Feb
70
1.400
52%
'
26%
123
*40
109
10%
.28%
•
♦118
109
40%
72%,
•115
'
41%
io
75 % Feb
No par
...10
43%
38%
14
38%
<"
72%
115%
98* >'
•40
4
10
49
3
52% Jan
3.900
76
6
10
19'A Jan
26
Jan
57
Transportation
; Patino Mines & Enterprises
38
23%
23
'
101%
34%
25
76
37%
■
30; '
43
40
123
Davis & Co
Parker Rust Proof Co
13%
43 Va
♦47
43%
;<
4i%
Parke
Mines
Parmelee
25
•28%
100 %
33%
^
Feb
27
37% Jan
3
Consolidated
1.300
37%
Jun
10
Jan
1
3.700
22% .:23%:
175
16%
17
100
lnc
lnc
14%
.".,52%
52%
:
X22%
49%
'
♦36
*97
Tilford
30%
•
.
*112
42%
42,
35%
Pictures
Utah
4.300
Jan
11
•
23%
43%
100%
26%
26%
•123 % 125%
11%
:
.'•47
37
34%
110%
11
11
;
49%
102 '
a:; 37 >
•109
110%
11
Park
"
24%
.■i
42%
.
42%
42%
*46%
125%
&
37
*'
29
-
22%
43%
,
102
98%
.97%
41% ,41%
97%
*41%
43%
26%;
*26%
:
76
52%
♦113
23:
22%
35%
*123
28%
*113
■'
23%
37%
:-f-::l3%.
•13% /14:
24
;
25%
,
40
■■
14%
*14'::
>••-•>25 $• 25%
:'y *20 % 30
43%
34
125
124%
27
*36
35%
♦26%
75
49%
Park
11.900
5%
Dec
16
108 y2 Jan
par
preferred
conv
Paramount
;
1.000
No
30%
23
52%
38%
103
45.500
Dec
149%
11% Feb
20 y2 Mar 13
1
lnc
36
14 y8
;;-.:*75'
75
52%
103
40
35
75
74%
28%
71%
Cos
:'''14%
31
14
22%
37 y4-
•46%
103%
•36
22%
52%
42 %
49%
*102
22%
38%
28%
Parafflne
800
,
66
5%
36%
•
31
52%
26%
Panhandle Prod. & Ref.
10.700
4%
69%
65%
'
5%
36
14%
38%
> *113
22%
22%
> '•43%J 44 >>
22%
'
5%
31
.
13%
53%
'14%
70%
63
57/a
39%
26
10%
77%
•
22%
73%
%
10'A
76
♦110
69%
63
65
37
30
-<
14%
;
100
.
Oct
75%
Jan
31% Jan
'
36
31
.
14%
23%
»14%
♦113
*43%
>
31
6-•;'
•v
52%,
26%'
22%
»
.
72%
>>64n>
:>y;' 5%
37
•10%
76%
10»/a
*76
4.700
<
38% Mar
,
Airways Corp
2%
Pan-Amer Petrol & Trahep
8
Panhandle East Pipe Line—No par
4%
preferved
100
200
46'/a
112
•HO'/a
Dec
Nov
10% Feb
par
Pan American
40,100
18
46 Va
46'/a
112
*iio
68%
66%
5%
14%
22%
72%
.
36%
31
10%
38%
v
39%
•28%
10
76% .'■•77
21%
*17
18
45
*110%
•110
69 %
•6%
73
53
14%
.
'
10%
•65
37%
-
73
52 %
♦39
70%
:
14% >■14%
47
113
*76% P 77 %
66%
'.;••• 5%'
»;37
30% *
>' 14%
6%
38
45%
*110%
•110
69
-V
46%
113
» io3A
11
76%
66%
70%
♦65% ,»67
46
.
♦111
110%
•>.';: 10%
77%
•76%
*110
•
47%
110%
21
21%
81
42
46
X6Q %
23% Mar 14
,
,
46% Mar 15
142
;0
•
:■>-
Jan
100
LNo
Sper share
Feb
100
Packard Motor Car
.
-
Highest
S per share
par
Telep & Teleg
preferred
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
53,900
~
25
No par
No
$ per share
16% Feb
par
Gas
Lighting Corp
Year 1945
Lowest
77
par
non-cum
Pacific Mills
:>
> 15% Mar
10
No
preferred non-cum___JVo
Pacific
tper share
•
Co
preferred
2nd
3.500
10%
1st
■
4,100
9
23%
•
Range Since January I
Lowest
Highest
,
Par
85
43%
145%
24%
16
Range for Previous
STOCK
Shares
22%
57%
25%
I per share
YORK
EXCHANGE
79
:
43%
\ 57
57%
145
-
15%
NEW
the Week
.:
77% •.,•"■
44%
:
43-.'
437/8
43%
*57
Mar. 15
Sper share
16%
Sales for
Friday
Mar. 14
22
*
77%
82
•44%- -44%
58%
v. (
23
.
*24%
■
Thursday.^..
f per share
-16%
22%
•77
v
80%
>■
25%
10%
•V.
*178
i
:
9%
25
16%
STOCKS
Wednesday
Mar. 13
share
144%
146'A 146'A
v.
PRICES
'
>"••.' 43 %
V:
58%
♦178
16%
82
-43%
44'A
t:
.58%
80 %
I per
22%
>'• *78%
82
?
HIGH SALE
Monday
Mar. 9
•••78
LOW AND
Highest
.
$ per share
15% Jan
8
22% Dec
R
15%
16%.
90%
90%
19%..
'
.19%
*112%
*44
23%
■
38
*28%
"*91
'18%
"
112%
45
•112 %
'*
V;
38
51%
*24
24%
•111
112%
-
>
'-
i
•
'
>
i
19%.
112%: 112%
23%:
24
38%
27%
28 %
*49%
*45%'
101%
32%
•51
33%
*101%
103
52
*
23 7/8
*38
34%
103
;■
.
38%
2ms*
51
46%
*96%
102
:
v
112%
38%
271/a
100
*109
*95%
v
47
22%
33%
33%
32 %
33% >
•101%
102%
♦101%
26%
15
14%
15
14%
15
19
19%
18%
19
18%
19
-
-
-
•
32%
33%
101%
101%
26%
26%
26%
18 Vs
.
19%
18%
19%
14%
14%'
1^%
17%
38%
900
>;:
2,800
300
3i
-
46%.
-
4% non-cum 2nd preferred
Real Silk Hosiery.—.
20
99
150
Reis
33
33
400
Reliable Stores Corp
51
600
Reliance Mfg Co
33
35
,
•
6.000
14.....14%^
18
18%
101%
200
27%
1.100
19 %
20%
23.200
13%
14%
24.600
18
18%
4.600
1
Preferred
(Robt)
& Co 1st pfd
Remington-Rand
Preferred with warrants
Reo
Motors,
Ino
Republic Aviation Corp
Republic Pictures —
$1
conv
preferred
>
25
-
4% non-cum 1st preferred
800
*26%
-
No par
1
Reading Company
111
15
87
50
50
50
5
Mar 13
Feb
7
<> 15% Jan
pfd—100
-
24
101%
-
1
Ralston Purina Co 3%%
Raybestos Manhattan
Rayonier Ino
$2 preferred
*48
50
14%
AV
Radio-Keith-Orp'Aum
*97
98
32 —,
50
'18%
4
Radio Corp of Amer——No par
$3.50 conv 1st preferred
No par
*107
111
32
19%
1.000
9.100
27
*22%
51
18%
60
42% „>
23 3
52
*45
•
30 y3
v
42,500
■
51
102
500
•
■
.
112% >>
27
30 Vz
27%
18%
94
*51
52
52
*26
23%
38%
27%
54.700
19% >
112%
42%
42
*51
;>
;••• 19
23%
:46%>
*46
23%... —22%
in
93%
•
23%
:
15%
19%
38 %
.
51
*45%
93
42
,*
27
51
*112
43
23%
:
15%
32%
32%
*51
27%
•;
nr
100
112 Vz a:
43
-
,
23
26%
27%
112 Va
> 43 y4
112%
101%
'
18 y8
;
27%
51
*92
,
38%
38%
32%
:
34%
19%
43 y4
23%
24%
*VLl
52%
34%
43%
•45%: 46
33
52%
*27%
19
112%
19
'43%
50%
46%
*101%
*91% ',93
19%
38%
27%
29%
*49%
101% 103-
93
23 %
'
.
23%
*45 %
,nvk
^45%t:ii5%->
•;•
3
109% Jan 10
41
Jan
3
21% Jan
3
37
Jan
3
26% Jan
49% Mar
43
Feb
1
25
1
1
50C
10
:
99
27%
40%
32%
101 %
> 25%
15%
13%
17%
Feb 26 '
Jan
7
Jan
2
Mar 13
Mar 8
Feb 26
Jan
7
Mar 15
Mar 13
July
Aug
111
43%
Dec
16
Mar
25
NOV
34% Jan
19%
<.43
Dec
38% Jun
Jan
29% Mar
50%
Jan
46%
11%
Jan
28% Dec
102%
:
Mar
36%
4
125% Jan 17
33
Mar 15
60
Feb l
39% Feb 7
105
Feb
8
31% Jan 15
21% Feb 16
177/a Feb 25
21% Feb 21
<
Dec
33
3» 33% Feb 4
52
Jan 18
46% Jan 9
22% Mar 14
28% Feb 11
112 % Feb
19%
90% Oct
18% Dec
Jan
7% Mar
103
6
8
100 - 106 %~Jan - 4
100
No par
10
10% Jan
78%
19
Jan 28
Mar 15
21% Jan 28
112% Feb 11
49 Vz Feb
6
28
Feb
1
38% Feb
4
: 94
Oct
Dec
Dec
137
143
69% July
Jun
Dec
17
Jan
22%
Jan
44% Dec
22%
Jan
36% Dec
99%
Jan
102% Aug
15% Jan
7% Aug
<
31%
Dec
29
Dec
18%
Dec
7<-:'<<><'
1446
THE COMMERCIAL & FINANCIAL CHRONICLE.
Monday, March 18, 1946
.
NEW YORK STOCK RECORD
Saturday
Monday
Mar. 9
Mar. 13
$ per
33%
111%
113
•111%
•
20%
20%
108%
100'/a
'
35
35
120
119
♦24%
25
23%
24
40
39%
24
7
23%
22%
15%
15%
15% >15%
29
28
10 %
45%
26%
44
%
44
26%
26
43
7
9.800
'V
180
19%
107
107
23%
.
•
39%
39 Vt
39%
43%
.
44
43%
43%
107 %
•>">%
15
*
108 '/a
22%
15%
7
23
15
15%
i
29
102%
Jan
26 '/a Jan
15
11%
Jan
3
87%
Jan
110
15
15 Va
Jan
37
98
113% Jan
•
738Va Feb
104% Jan
25%
25%
44'/a
45%
47
1.2C0
24%
25%
2.900
V Ruppert,
;<; 27v2
27%
10 Va
103a
25%
25%
•
11.000
v
Oil Corp....
jtrtilield
Ritier- Company
V';' 300
10%
tOO
14 Va
31%
:<
19
25.
108% Feb
.2
99%
56%
113%
15%
15%
V; .*14%
15%
7
•56
109
•107
107
107%
♦107%
109
32%
33
72%
30%
30%
13%
109%
72
14
•13%
•13%
t
70%
13%
42%
7 •: 40%
20 Va
19%
>112% 113
•111%
113
•111%
;
.
41%
26%
26'
26%
26%
26%
34%
34%
32*%
33%
7
•
102
80
*79
78% <•
12%
46
46%
•7
%<•':,:
*40
21
Va
7
20
24
23
74%
45
45%
26
27.600
20 Va
: V .9,800
112
V
19%
{;_;7
.
6% Aug
50% Feb
6
33
Mar
48
Oct
34% Jan
9
21
Sep
34
Dec
63 Va Jan
24
/
-
81
7
V ."
21 Va
•74
12%
,7< HVa
44%
44.
42
6%
18%
40
57
12% Jan
577/8
;
96
96
36%
25%
26 Vi
.36%
25 Va
>54%-
56 Va
55%
51%
48%
84 Va
82%
83
96
96
96
% ^94
7;
>7
75L#
■
49%
§
51 ?7;
.
84
7782 Vv
<
/•
94
*91
50 Vt
83%
:
*91
<
Aug
37
9
Dec
30%
Nov
7 14%
Dec
40
Aug
Mar
Nov
Oct
107%
Dec
71%
<
17% Mar
17
24%
114
Oct
Oct
Juu
■■■'■•*
Smith
&
Southeastern Greyhound Lines
South Porto Rica Sugar
*
:
7
900
5%
tr
July
24
Aug
36%
0% Mar
712%
6
Dec
32%
Jan
46%
Dec
38% Jan
8
45% Feb
7
y 30%
Feb
44%
Nov
17 % Feb
26
20% Jan
11
21 Va
Dec
61V2 Jan
10
41%
27% Feb
16
15
24<
30
Jan
22
19% Jan
.22% Jan
•7
7
5
54
.
14% Augr
Jan
765%
Dec
Aug
-' 22% Jun
22%
Dec
'
?
>
Jan
15 Vt Mar 14
17% Jan
8% Feb
Jan
13%
5
16
30Va Mar
36
2
59% Feb
6
39% Jan
28
Feb
27
y 66% Feb
18
40%
36%
Aug
7
Apr
7 60 Va
Nov
26% Jan
.%17v< Jan
37
Nov
i
24%
Jan
Jan
Jan
15
25% Jan
29
7 13%. Jan
29
'•719% Jan
15
80%
Dec
87% Dec
60%
:< 93
Jan
11%
Dec
Nov
V; 62
64% Jan
29
Feb
Dec
180
38%
96
Dec
Apr
32%
88
Dec
77 7% Dec
40 Ve
6
100
Oct
18%
20%
,155
-
7 62v Jan 17
.,
Dec
96
<
Jan
4% Aug
1
Feb
185
24%. Jun
•
29% July
9
6% Mar 13
*
48% Jan
Mar 14, 7 91
Jan 15
<34-7 Feb 207 7 39% Jan 11,
"71
7.50
ctfs
Dec
16
..—No par
stk
Ohio
&
59
50% Feb
Railway
...—No par
non-cum preferred—.,
100
Mobile
M 200
94,
8
18
7?'14% Feb
Southern
7.800
22% Nov'
70% NOV
Jan
13%
Nov
3
.23
Edison
California
79 Vt
26
S
Natural Gas Co
Southern Pacific Co
7
Oct
25% Nov
7
May
Feb
77.
100
Southern
A
1.900
6
12 Ve Mar
74
34% Jan
No par
preferred
Southern
3.600
,
,15
;
8outh Am Gold 8t Platinum
8%
5
1
Socony Vacuum Oil Co Inc
Dec
100
41% Feb
Typewriter-No par
Corona
16
Feb
25% Feb
4
20
Iron
28
Jan
?Va Sep
;
11V» Jan
Corp—..^—..—10
19,800
:'v
&
7
28% Feb
4
Jan
66
No par
13
Steel
7 Feb
82
Dec*
Jan
78
,;
16;
40% Feb
21%
16%
28% Jan 22
106
'27% Feb 26
$1.20 preferred——.—.—No par
600
26 Vt
Oil Corp
81oss-Sheffield
Smith (A O)
20 : iJan
.
No par
Skelly Oil Co
7
51Va
83%
24% Jan
7113% Jan
,;•
113
"
—JVo par,
Simmons Co.
Sinclair
23
8
Mines..
81monds Saw A Steel—
'
36%
:
45 Va Jan 29
2
3
13
-
7 Silver King Coalition
1.600
7, .55 /": ;'-57Vt
Jan
19% Mar 13
Co.——No par
Pen
Shell Union Oil—
•
i
&
(W A)
8heaffer
900
55
36%
36%
'i'7T ■
35%
4
9.100
26
56 %
8
2
{ Shattuck (Prank G)
180 %, 182'
25 Va
57%
•83 Va
.83%
*94
f'
36
26%
51%
53 Vx
83%
182
17% Feb
-Jan
49.600
*
36 Va
'
"
-
8
77 7 Jan
7.600
,
34 Va
22%
36
Jun
Nov
10
-No par
—No par
Corp
$3.50 conv pref ser A
240
•
6%
55
*
56% :
26%
Vs < :77 ■ 51%
83%
52
83%
96
*179 •
26%'
26
V:
182 r
*
34%
55
54%
7
182
< 29
Dec
61% Nov
114%
765% Oct
32'A Jan
;
1*.900
15 Va
6%
>.*337'a
■/
8
25 '
UlVaJan
124%
.
Nov
108'% May
11
<
-2.300
36
15%
V-
6% !
•'.<*33..7
55
•'
•177 Va
15%
6%-
36%
77
7 37
36
57
':•
57%
52%
♦178
182
32 Vi
x54
57
72
109%
16
7
1
15%
.
<
22%
36
35%
35%
6%
32
33%
•3*2
57%
22%
V'14% Dec
26% Feb
7
200
721 Va
171%;
':
-Jan
Oct
8Va Mar
i 41% Aug
x42% Feb
3
77% Feb
,
Nov
"
28
,
115% Mar
11
24
37% Jan
28
Jan;, 3
2
21.400
18%
18 Vt
/110
13
30% Feb
56
July
'7
Jan
3
2.500
1:: '■■■:■
57% <60
21
.-.73"
14%,
,
:V:
-22%. .22%
.
37 Va
6%
7:
22 Va
72%
15%
6%
18%
58 Vi
-
57
21%
7.
.
44 ./■: >45 -•/
*40% / 41 >7
v
114
20% Jan
170
7,900
11.400
v,
11%-
,
19 %
110% July
28
1 Jan
59% Jan
7
y,
<98% Jan
;7
400
.
v'317,
37- <: Jan
6
126% Jan
.
21.
107% Feb
No par
—
26
dan 23
726% Jan
1.600
22 Vt
11 Va
^
18
No par
Steel
Sharon
120
5.300
'..7r.
■ 714
30
y
44 Va,
.
718%
58%
36%
37%
15Va
32%
*176
36% 7: <7:
7
6%
:V-
57%
'
26 Vs
,
;
11%
40
21%
24 V
72%
15%
16
32%
<
182
25%
22
..
preferred
'3
67
Feb'
28%
114% Mar 14
4
100% Feb
Shamrock Oil & Oas_.*———..7..L •
.
1,500
<
81
$4.50
7
<7; $5 conv preferred———No par
'Sharpe & Dohme
~No par
14.100
J
34%
7*80
21%
29%
7*22%
23%
C 76'
•37
37%
7.
6%
:77
31%
58
7i
7.
3
26
Jan
107' Jan
Servel Inc common.^.
Dec
Nov
'
753
•
Dec
12%
29%
Apr
.
303
25%
25%
•80
.73
'73.-:
30%
7- 29%
57%'
21 %&
22
21%
♦22%:
77. 15%
•16
7
8
.—..No par
Sears; Roebuck & Co.
{
1
20
,
26%
:
*33%
*102
x24Va
75
18 Va
7
75%
J
57 Va
41%
/
26
r
102
X102
•
.
21 Va
?
•40
59%
23 Vt
7.
*36%
:•
38%
36%
1.200
41
33 Va
;
*26
4.500
13%
*111%
26%
7X33%
V
80
43%
%
.','42
•58%
V
23%
76%;-
*176
30%
19%
112
11%'
'18% "18%
60
22
'<
m
7
:
29
30%
•40
18%
58 Va.
223^
7
30 Vt
:<
42 Vi
•
7. .26
32%
103 Va
*73
74
29%
42
■:
18%
;
60
31%
7; 800
13 Vt
'30%-
112
26%
{•
•79 ;7
11% : 12
45%
<
X44
•;
18%
60
74 -V
12 Va
:
11%
>
18%
22%:
7
7
30%
<
30
30%
12
♦56%
71
Dec
Nov
4
12 Va Jan
Scott Paper
'
*72
75%
30%
22
.■>'
74
•
V .25%
.•
80
:
22%
22%
23%,,.;.,
•79
32
103 Va
Va
26
25%
26%
26
193
102
102%
102%
:
7
26%
157/a
5.700
*70Vs
70%,;
7:19%
112
3 25%
347-a
*36%
33
.
34%
76%
50
32%
13 Va
41
20%
f 111%
112;-?
26%
•23
108%
7'. 13%
-■%;
■*:
20%'
22%
♦108
13
42
41
> 108 V
32%
32%
30 Va
20% I 20%
41%
its
<
V
30%
■',,.
41% i 42%
78%
108
Dec
18%
5
113;
Corp
2.50
Co————No par
$4.50 preferred
—.No par
{{■••< $4 preferred—
'———No par
/{Seaboard Air Line ctfs w i—No par
7
5% preferred series A w-1—^.100
Seaboard OU CO ol Uel^~---No par
Seagrave Corp——....———.9
40
*107
106
Sep
31
13%: Feb
52% Jan
Distillers
Schenley
v
Nov
26%
29'/2.Jan
24% Feb
100
1
.700
108
33 Va
70%
42%
72
6.600
.17.900
56
56 %
107
29%
30 Va
30
T
15,7
114%
55%
preferrea.i.
Savage Arms CorD.i.—
5%
120
'
32 Va
V.
20%
*22%
4.700
-
115
110%
112%-
•
♦108
72 Va
20%
26 %
:
Oct
46%
Jan
:
43% Mar 12
St Joseph Lea d———
Safeway Store3-...7.w*.--—8
3.800
7
"
i. 14%
15 Vi
110
A
109
41%
101
26%
Dec
40
Jan
;;
Jacob_...___.__.—.,-.---5;:'! 7 24% Mar 147 7
■
■
14%
:
62%
*114
<7: 55%
♦107
,33%
71%
<7
30%
30
7
62
26%
114%
14%
»~
57 Va
57 Va
109/ ■;
103 1 ;;.j-
Va
.114%
114%
106
v
y.
-
32 Va
73
•71%
72 %
58
•107
107%
:
>• 115 ;
113
107
33
26%
113%
57%
.
♦107
33
61%
25 Va
113%
.
15%
57%
56%
...61%
113%
114%
7-112%
115
114
-114
15%
15%
15%
-
62'%
26%
*
114
113Va
113%
S
61 Va
77 25%
6i%
26%
26%
26%
26%
Dec
<
16%
'
'7
61 %
*62
61%
62%
26%
117%
y 23%
io %
Mar 13
<;•{'
62%
Dec
16Va Mar¬
.
10% Mar 13
.25 {
.7-/: V{<77<{<7
26%
Oct
Nov
•:
37 Va Mar
Jan ^9
Nov
24%
Jan
47
Dec
115
Jan
14
-
25 Va
27%
10%
,
'
25
*
-
r<
•
4'
28
Feb
722V4 Mar 11,
9
14 7 Feb 20 7 7717% Jan
32% Jan 14
,26
Feb 267
.-1
Co
Mfg
44%
*26 %
10%
10%
25
V
3,500
.
16
16
42% Jan
3
.2
33%
'"Jan'
Jan
28% Feb
27" 136
-
20% Jan
737% Jan
24 Va
27%
•"
V 113Va Jan
106 Va Mar 11
110% Jan
>'■ 31% Jan": <;7>.{? 45% Jan
44%
27 Vt <7
''
44%
4
18 Va Mar 14
25%
15 Va
.
11
26
Jan
110% Jan
44%
'
719%
•
■
?,*:X
\ ■: Z
Rheem
3.400
Highest
t per share
S per share
16
series--^.-—100
Preferred 3.60%
108,7
22%
:
40% Feb
2
10
Common
-
Lowest
$ per share
29% Jan
24%
<
27%
1
107 %
7Heynolds
.-;-y90
1
10
Spring
(R J> Tob class B
Reynolds
*8.400
.
l.
-*—No par
No par:
•y Roan' Antelope Copper Mines
... 7
{Royal Typewriter-..—-—
1>
Ruberoid Co (The).I
No pa»
•77 15 <
26
43%
230
7;/1,900
24
.hV- '1
15%
25%
3.500
118%
23%
:
39%
<7
23
22%
23
*25
Vt
33
118%
1*19%
23%
108 Va
107%
32%
34
119%
.
43 Va
10%
26
.
44
*27 %
26
26
26%
•44%
23%
39 Va
15
■
11%
11
•26%
7
28'
11%
•27%
18 Va
19
107
32%
118%
38%
22%
7 <
23
18%
•105
34%
34
•107% 108 Va
»1077. 108 %
108%
19%
107
39%
•43 Va
44
23%
1.800
Highest
$ per share
Republic Steel Corp
—No par
6% conv prior pfd ger A
IOC
Revere Copper & Brass
-No par
k
5 Vi %
preferred
—100
."Reynolds Metals Co.—-No par■5%^ conv preferred
—100
32.600
23%
24
•
39%
♦1067/a
32 Va
112%
118%
118%
118%
119
•43%
44
♦43%
31%
112%
107
34%
34
40
39 Va
32%
112%
'
35%
34%
119%
31%
•111%
Lowest
r.
Par
year 1946
V? f Range Since January 1
STOCK
Shares
$ per share
/*,
32%
18V4
19 Va
107
$ per share
Range for Previous
<- ;77'7
^7 V V
STOCKS
EXCHANGE
.1-7
the Week
111V4
111%
,V '
•
YORK
NEW
Sales for
Friday
Mar. 15
Man 14
,
share
31
32%
107
108%
.
$ per
...
.
112
19%
20
19%
♦108'/a
Mar. 18
••
share
32%
111%
32
33%
33%
113
j per
share
Thursday '..*3
Wednesday
Tuesday
Mar. 11
$ per share
s'7.7,;,',/
HIGH SALE PRICES
AND
LOW
Jan
Dec
'
'
'
*21
21%
11%
11%
16%
11 %
11 %
•15%
16 Va
43%
•42
34%
33%
34%
>
85
*83
:
;
,23%
95 Vt
r.
94
63%
.7 95
63%
64
7;':7 63 77
42% 7- <'7*43 ■% 44 :-7
7 7 115% 115%
64
41%
•"
44
7*113
115%
40%
40
"
7
.
47%
47
113
40 Va
.•:•••
;
85
45 Vi
••
23
' <■
96 Vi
95
64
.44%
.
77
38 Va
*al24
*
137
ll
43 Va
43%
135%
43%
<7 43%
43%
47%
46 Va
36%
134
7'
135
£
43%
43%-:
43%
39 Va
39%
39%
39%
38%.
65%
65 Va
64%-*
65 77
64%
65%
64%
65 Va
64 Va. 1.65%.
21%
22
00
21%
: •- >
21%
•107%
108%
21%
21%
♦107%
22
108%
18%
20 Va
20%
20%
V 42'%
42 Va
•41%
43 Va
42%
42 Vi
44%
43%
44%
44%
43%
.44%
43%
♦107%
64 V8
64%
20%
*107%
19%
10858
20%
•108%
110
•108
110
110
-21%?
21%
21%
31V*
32 Va
31%
14,300
♦21%
22%
22%
22%
20
29%
29%
17%
17%
■:
19%
$ X28%
30
28%
2tJ%
V: 16%'
17%
17Va
17%
108 Va
*106%
108%
29%
28%
29%
17 Va
28%
17%
17%;
3%%
19%
8
Steel Spring..
3Va
•29%'
28%
Dec
99%
37%
Jan
61
Nov
Dec
3q
Dec
;
Feb
preferred
5%
'
18,100
&
10
44% Jan
No
Webster
Feb 26
69%, Jan
10
20% Mar ' 8
25 Va Jan
17
.19% Aug
Jan
12
108% Jan
17
105%
Feb
16
9'/a
49 % Feb
7
45% Feb
6
34 V»
101%
107
.
.
26
Feb
3
7 105% Jan
20 Va Feb
9
8
718% Feb
par
35% Feb
7
Jan
26
26% Feb
:
■; 34
6
17%
108
•106%
108
♦106%
67
•106%
66%
67
67%
67
•123
124
♦123
8%
8%
19%
19%
30
;
123
♦120
♦42%
45 Va
44
-
121
121
■
120%
./if
42%
*41
•43%
7>4l77
43
44%
44
•42
31%
36%
7. 37 %".
•X
32
13
13%
14
11%
•
.
Sper share
11
17%
17%
108%
54%
55%
10 %
10%
10%
10%
10
10
51%
51%
17%
17%
108%
56
18%
.
■'
46%
35%
35%
61 Vt
•16%'
*103
For
17
*16 V2
<
*103
footnotes
see
17%
41
<74177'
,*.
7
43%
41
38%
,i
'
43%
41
43%>
35%
*109
12%
A
38%
32.
36%
^
A
38 Va
32 V
31%
V'7
35 Va
,7
Sutherland
25%
Jan
28 Vt
22:7
Oct
<7
Nov
*13
10%
17%
Friday
13%
10%
10
119%
17
135% Jan
No par
No par- '
1
.,
preferred..—J
r.
*
108%
109
9%
51%
51%
7 60%-Jan
41Va Feb
36 Va Jan
41"
109:
<
137
•
23
Texas Co
11.200
2.300
978
-
'
17%
Texas
44%
18
44
44
17%
45 Va
45 %
44%
35%
33%
34%
32%
33
33
33
61%
61
61%
61
61%
61 %
61
v
•
16
16
*15%
105
105
*103%
Gujf ProdU9ing
1
....
Texas Gulf Sulphur:.
Texas Pacific Coal & Oil—
No par
110
Texas Pacific Land Trust...
.1
1.800
.
,
.
Texas & Pacific Ry Co...—
Thatcher Mfg Co.l^i
—.1 No
300
.
16 Va
105
.25
7.900
,
Vs
pfd.iOO
j
5.700
v
23%
18%
(The)
2.600
513t
17%
177'a
Corp
Tennessee Gas & Trans 5%
100
7
9
S
_3
Telautograph Corp.
1.700
a
7
,
:••';
$3.60
310
conv
preferred
The Fair
400
6%
10
-
1
.
r,__-
_
ih%b
.
<.
100
par
No par.
No
'
preferred
■■
Dec
Dec
Dec
33.
Jan
f
762 v Dec
17% ".Jan,;
30% Apt
t;39% Nov
"31% Mar ,7 7 38% May.
29
Apr ..7- j 43% Nov
16'
5
28
14
Feb
24% Dec
.
11
28
■
r7%
*13% "Dec
Jan
Range! er PrerhM»»*>,',
*\
*
TalcottInc (James).
Tennessee
a 25% Dec
40
16% Jan
.
7':;'V
Range Since January 1
{
Lowest
Highest ?
,
11% Jan
25
per
4
7%
Jan.
7 14
Dec
Jan
15
7 Va
Jan
■<,13%
Dec
6
;ii%
'IO8V2 M«r ' 8
111 % Jan
105% July
12
48%
Jan
6%
Jan
4
<"36%
Jan
29 Va Jan'16
18 Va
Aug
31%
21% Feb
1
13%
Jan
20%
Jun
51% Jan
17
Nov
Jan
4
11*/?
Feb
Jan
3
53
Feb
22% Feb
25
16% Jar.
3
41
.Feb 26.
Jan
21
"Jan
1
59% Jan
par
1.6
10Q
103
7
Mar 14
Feb
27
,19% Dec
110
Oct
62
Dec
10% Dec
Jan.
17
62
Feb 26
9'/a Mar
48
t per share
15% Feb
13
52 K'
Higheafr
{
197'a Feb
:
4
Jan
Year 1945
$ per share V;
share
2
10% Mar
17
■
Lowest
.
;fe.$ per share
' 1.100
-7
54%
.>52%
23%
-
Mar
45Va Mar
34% Mar 4,
107% Jan 16
12% Jan 2
STOCK
EXCHANGE
500
--v
,
10
Dec"
127% Mar
9Va Dec
<7 5% Aug
STOCKS
NEW YORK
Shares
7
>
10%
17%
17%
109
Sales tor
r
109
51% Feb
12% ?**>' 41» Feb 26
29 ■
32% Jan
3
31Vt Mar 8
Symington Gould Corp
7 the Week
a 18% Dec
15
.
Dec
7 73% Nov
Oct
4
Feb
Feb
24
33% Dec
15
Sylvanla- Elec Prod's lnt..
>8
9%
16%
AUg"
Jan
.123
'7
Dec
57 <
9V» Jan
9.300
-
13%
*13%
10%
9%
105
Jan : 2
16% Nov
109
5
10,
36 Vt Jan
5.800
V
< per share
$ per share
51
16%
Feb 26
73'/a Jan
Jan
18% Jair
:
23
.*103%
Paper "Co
108% Feb
23% Feb
Swift <St CO
$4
Mar. 15
Mar; 14
46
:
Calif
25
Dec
Jan
5
26
Swift International Ltd
'
••■
of
< Oct
7 Nov
10%
20% Feb
.
Sweets Co of Amer (The)—
500
4.000
*: 4.600
13%
18%
17
Steel Corp
-
7 :
Thursday
9%
24
105
Oil
Superior
Dec
45
106
13
25
,
Co..
(The)
Superior
111
12%
13
54%
22%
;
Co
47
Sep
15
No par -7 • 28.% Mar 14
29 ..] 118 •. Feb 28
Jan
3
1—
-100 r
Jan 21
10 7
Corp
Mining
800
l-ipo
35%
>
>109
111
53%
51 Va
103
Oil
Superheater
;
300
118
118
<120 V"
*108 %
24
*16%
1448.
29 Va
4.000
40
£ 64
—100 7 121
.7%
I 7
717%
10c
pfd (4%5fr cum)
Sunshine
10.400
29 Va
*61%
♦
8unray
8.600
.
18%
29
55
52
18%
17
page
8%
18%
*44%:
61 %
105
•7,;;8<>:
Class A
18%
109
51%
35 Vt
35
1.400
68
124
Aug
July
16
734% Jan 28
26
106% Feb
Dec
Feb
.
bbt
Nov
108
18V» Jan
23
16% Feb 26
7
Corp
'
<3%
9%
*
187a
*44%
54%
513a
-
46%
*61%
62
105
%
109
24
24%
18
18%
*44 %
24V4
Wednesday
13%
109 Vt
2434
13
13
17%
24%
.:<<'
11
54%
513t
37%
13 Va
*108%
507a
68
*123
68 Va
Chemical
—1
.77, $4.50 series A preferred—_No par
7 8i— uMi
!
No par
Sun
4.800
106
*105%
124
41
38
31%
32
11%
56 Va
.
43%
\'
11%
109%
,
28%
17%
A'V '
38 y8
110
8
18%
x40
*13%
13%
55%
18
42
7;
*117
-
Mar. 13
♦108%
*17%
-
■
67 Va
*123
#
HIGH SALE PRICES
$ per share
share
v
12%'
Mar. 13
11%
*11
36 Va
*108"
Tuesday
Mar. 11
$ per
I per share
7
13 Vi
LOW -AND
;
31%
,
37%
111%
Mpnday
Mar. 9
14
37 %
37%
f
Saturday
11%
'42
38
•109
13%
13%
7
44%
31 Va
38%
110
♦109
13% -13%
•'•}:•
31%
31 Va
32 %
37%
7
44
37%
?
38
38%
110
♦109
44
38
44
37%
'
i
41
44%
43%
:>/
♦42
120
*116
120 Va
44%
7
29%
<29
29%-
42 Va
7:;
45%
124
7 8%
8
18%
17%
18%
29%
30 Va
29%
30
7
7>
8%
'18%
/
*123
;•>
=>8%
18% i 19
67 Va
.67
67%
124
•123
124
'
8%
-
7
*106Va
108
xl7
7' 27 <
20%
23% Jan
v
Dec <
687/a Nov
,.<10%
Feb 16
25
26
24% Jan
21
•
25
7
Dec'
44%
Jan
1097 Mar 13
Dec
49%
,
Dec
3
Dec
134%
:
33%
'
'
'
38% Jan
Jan
56
Jan1
Dec
Nov
121
78% Jan
<
11
41 Va Jan
Studebaker Corp (The).r——.^.1
;
49% Jan
26
33'/a
67% Jan
14
26
1
20
preferred
prior
Stone
Jan
15
Jan
Feb
<41
—8
:
Jan
149
49%
115Vs Aug
Jan
2%
{17% Jan
S
__100
....
134
{FetrSfl
116
Jan
28
111%
;114% Jan
9
'47% Jan 15
62%
No par
Stewart-Warner Corp..:—
8tokley-Van Camp Inc
/
49 Va Feb
,
40% Dec
Dec
107% July
9
37
1
L 8—
(Thei
Mar
Nov
23%
Jan
16
42 Va Feb
*7
7
100 ::X
Sterling Drug InC common
V
9.500
■
19
.25 7
preferred series A
Starrett Co
300
400
22%
18 7
26
Feb
30% Jan
Oil of Ohio—-^-——10
/Standard
S.800
22 V2
' 41 % Feb
113
7
29
of Indiana...
'
<•
.
7?
No par
Oil of Calif
Standard .Oil of New Jersey
■7
100
100
32
^
...No oat
114
$6 prior preferred—.——No par
,preferred._7i-.--^o par v * 128
Standard
,5.300
21%
30%
*
4,900
•
21
22 Va
18%
19 Va
7
-
-<
43 Va
110
*107%
7
20
20"
v
22 %> 7
7"
110
«
>743%
4477
7
43%
*42%
<42%
v
21
721%
30% 731 Mj
31 Va
7 *22
22%
19%
20,
19%
19%
*22
43 V»
21%
30%
31%
7*42-/'
V *107%
109
20%
7
21%
323/4
109
V
,
21%
32%
7
9.500
1C8%
No par
Inc..
preferred.../—r,
Standard Oil
22.400
22 Vt
Brands.
New?
Dec
39
r 76%
; Mar 12
47
Standard
8.000
•
75% Jan
.
$T prior
17,400
39%
€■ 21%
44 Vi
21%
'
♦107%
'7
,,
2.800
44 Va
■■'
33%
{
V
83%
Jan
12% Mar
Jan 29
118
& Sons
Sep
<44% Nov
747% Jan
Feb
85
99
7.1 7
•Standard
1.100
,
27%
2o% Jan
.
Dec
Dec
95
s
"
,
,.1
^Standard G & E Co $4 pref..No oar
14.700
40%
19Va
20%
20%
♦43
$4
$4.50
22 Va
20
43%
•
>
39 Va
38%
108%
•107%
20%
39 Va
9.200
135.
.
Mar
pref erred..^.^.7*7.7.No Par 7
Squibb (E Ri
-
115
126%
-
32
40% Jan
>
No par
preferred.»^,«jVo par
—..
Feb
•
-2.900
7-
47
.:
124
124 Va
132
$4.50
•Square D Co
70
37%:
37%
124%
{
39%
107 %
44%
*113%
125%
135%
138
3
__1 d
lege!'■ loc—2
Conv
2.100
115
115 Va
*113
,
39 Ve
21
5
-1.320
62%
115
<46%
7
:
*43 %>
107%
95
44 >7
-
115%
43%
43%
200
v
15.500
par
"
7 115%
38%
125%
>
124
138
115 Va
36%
39 Vi
= ' 126
47 %\
46%
.
Bods^^ZNo
Sperry Corp (The)...:
V Buicer Mfg Co...
12%
7 20
Jan
7%
/{ 80
95
v
21% Deo
«,..6% Mar
<<<■
Jan
45% Feb
{
No par
'
9.500
23%
■
X62%
,
44Va
.
i
preferred
Spencer Kellogg St
7 600
7.8577
85
23%
22 V2
$5.51
,
34%
33%
No par
1
Spear St Co
300
*41% 7 43/7
>
1
Withlngton
oparics
6.200
•
& Bros Inc
'
95%
7
11%
1638
100
fe'
63%
-
115%,
•113
115%
:137
.
-lco, r
•7; *83%
4
64 ,7
•115
115%
•125
137%
10%'
16%
34 Va
96 Va?
7> 44
<
/ *94
':,*41%7.43''.<1
24
f:
63
V
16%.
t^.733%
<8577
95%
V.
64 ' .:
47 W7
11%?
*94
>
34 Va
:
lOTa
*15%
7
{
(AO)
Spalding
"
115%
•
* 39 7-
,
;
125
122%
•136
47
46%
46%
46%
:
33
21
3.700
21 Va
21
20%
V
15%
.7 22%
24 Va
96/7
.....
•114%'
116
♦113
11%
100
.:/ '82
84%
24%.
j.
♦41% ;> 43
43
34
84Va',.
77' 15%
r*94
42%
23%;
96
77': 10%
17'.',
42 Va
85
95%
11%
v.
:ioo
•{•94
i
24%
23%
•1.5%
21%
20%
21
V11 Va*
■;
16 Va
-100
42 Vt
.
34%
34
*84
116
>■
100 -'77 <"■< '*93%
*93%
20VB
21
20%
37% Mar
64% Jan
1
28
18% Feb
11
Jan
10
103
J)l7/a Nov
Nov
30%
Jan
55%
14%'
Mar
31 Vs
"
:
,
'
44% Mar
8%
Apr
X93% July
Dec
61%' Dec
18% Dec
104
Oct
■Volume 1163 k
Number 4473
a
rTHE COMMERCIAL & FINANCIAL
CHRONICLE
LOW
Saturday j A
Monday '
Mar. •)
share
■
.14%
/
SALE
V
55
*62
v/13%
-
.
14%
18.
■
54
,
♦109%
;
vVv':
TV 15;. -T 15%
Z 62 vVr
14%
*17%
7 54
AX 53
■
Ill-
'..v.*
T*54 %
>.
53%
110%
>10%
10%
X
<43%
,59
...
i59
17%
.
•
57%
'54%
58
;
:■■;•
54%
*66% V 67%
<
<109 i
"116
jl75
ao
*21 % ;; 22%'>
:
-V.
TV,
vr,
■i-
:•
110
-64%
67
,22
C
v
,
22%
'■■■'■■Yr
,21s/a
?
V.'56%
17%
53
,54%
,25
•
(
R.
•
57
-66
v
.■♦145
22%
rf
175 V*
.21%
V
r
'«160
'•"rVv. 21%
;r
.-
'
:
i
■vV'
2,500"
*
,
'''■ ' >25%
r-25%" 25Ya '
*112Va
•'V
*114%
-
ll3-•
116
-•
113 v-113
-<*.108
-
'24%
151--152
«-
120%
'' JL08
'
^4
151%
I 7
-V
•
-*37%
•
152
-39
115%
-
35
V
-;
V42 %
r
•♦108
X80%
-80 Va
♦32%
33%
*25
—>50%
79%
(
-32
4 Va
i2
25%
107%
23
50%
204%
119
X63
6
,
12
66%
476%
71%
88%
82Va
160
27%
♦50
27%
51
51
.175.
67%
,16%.
T
*118
38'
'
15%
r
;
1
v
^
22%
•
22%
"A
-.
.
;
4
15%.
75%
75%
<97% '^97%
*198%
.
74%
*87%
82-'
159%
27%
51%
.finsx,-
80%
5%
TT:?89; M; 5 69%
-*87 •
88%
80%
82 —V-—81 7,n
81%
70
;
1.800
m: 200
;
-
-
.
.44%
44%
I
'
■
42% ' .44
v
97%
42%
V-T
-
-v
Monday, X
•■
•;Al«r»41,
Aper share
43%
Aper ehare \
;
.
i
97
-
Alar. 18
;
ApeKehere
.,■■.•/-
X22JA
14%
•
Jan
16
Dec
Sep
146
.Dec
Feb
5
29
11
42
Oct
52%
Dec
34%
Jan
25%
Dec
—
■
43Va,
15
*199%
—
.41%
42
;.
SALE
PRICES
Wednesday 1.
Mar, 13.
f
*■ /■■
r
^,V'"n
?
v
^;•>"•"'
r
,$ per share
500
M;
;
700
8&
; 21% Feb
,
Feb
'
Dec
36
Dec
43
.Dec
25 3A
Jan
Jan
503A
Jan
29%
Dec
9 Va
Jan
14%
Jun
Jan
88 Va
Jun
V 66
10% May
Jan
No
-
I- 42,000 >
t 4.400 V
I
1.3QO ■
11
--Peb
26
Y
52 Va
•
89% Mar
13%
-Oct
25
Nov
Jan
22
Mar
106%
52
Dec
Oct
112
Nov
6% Mar
13 Ya
Dec
Jan
T 26%
Dec
Oct
16%
Apr
107 Va
28
Nov
Jan
115
Jan
115%
Dec
13% Jan
34%
Nov
,r
40
;36% Jan
2
107/o;Jan
51
10
2
60% Jan
5% Mar 13
173.
Jan
—No par
Jan
27
3
/A%v; non-cum
.240
preferred
isWkyards dorp—^1——J^.1
United
Stores
I
1
?
530
f
V Universal
4,200
|
'
'
pfd_5
A
8%
No
:
;
;
Y*'
r
'•
Sales for
-
-
•
Feb
32
Nov
50%
Dec
8Ya
Dec
Feb
Mar
Jan
4% Jan
,
16%
4)8% -Jan
-
121%
16
.
10
49% Jan
39
Dec
Jan
9
Dec
Jan
52
75 V4 :Jan''
478
Mar
10
Dec
25
Dec
110
Dec
200
'
25
Dec
Jan
5%
1
Oct
Dec
Nov
25
110% Jan
85%
Oct
160
4
25
26
Jan
Oct
Dec
23 Va Aug
7
200
77%
,46Y',''Sep:i;
24
Feb
3
Dec
Jan
23
■27% Feb
8
Jan
7%
73%
176
Jan
135 V2
-
14
Jan
-
Dec
89
16
Jan
39
f
'; '52
29% Jan 14
128
Dec
48%
Jan
97% Feb "6 •'L;rf 58%
Feb
Jun
Nov
11
20% Jan
25
11%
57
67
Jun
144%
6
'
Feb
Jan
Jan
>51Va Jan
•'
Nov
23% Ayg
STOCKS
-
-
84% Feb
Dec
2'AMar
.
9% Jan 28
26
Feb
^
49
48%
Dec
'Range for PreviousA
NEW YORK STOCK
(
7
Dec
Dec
16%
Jan
,
27%
6
52% Jan
21
Feb 25
i-8% Jan 31
l188 V
100
Universal Pictures, Co Inc——
3.700
10
94% Feb
par
—No par
!—
preferred
•117
9%
46
15
12%
39
Jan
35
5
; 166
4
14% Feb
7%
16
Feb
Mar
.30% Mar
;
Feb
89
21
Jan
;Af: V6%
:Feb
7% Mar 13
...
Inc——1
Universal Leaf Tob
.
the Week
Laboratories
Preferred
*-
m
■
V
2d
non-c
$6 conv preferred
No par
Universal-Cyclops Steel Corp
1
100'
700
r
$4.20
•
Dec
Dec
16
7% Feb
>i
Mar 15
.50
25
29
74% Jan
■
v
Jan
187
22
79% Jan
154" Jan
29
44
??
4
67% Mar 13
84
70 Va
55%
50% Jan
3
,
Jan
70
Feb 26 {
Dec
38 % ^Jan
,
60
12
64 Va Mar
1st preferred
>'• 50
--
12% Jan 11 A
Mar 13
41
77
Nov
2
13Y8;Jan
A
A
•
2
18% Feb
,
7 ;'■••
13% Jan
>
via 77'
Jan .14
1A Mar
9% Mar 14
20
11%
11
59% Feb
ii Mar 13
V
par
A:
21
Jan
Dec
120
103%
16
Jan
33
j69% -Feb 28
preferred ^
——100
U E Tobacco. Co—ver
.
108
Dec
17%
33%
29 % Feb
,'2
120% Feb 48
.204% Mar 4
"i47% -Mar 13—
—
U 8 Steel Corp
4
Nov
"
6
Feb
Nov
5
'
Feb
,
36
-
"
non-cum
31
Nov
Jan
,
58% Feb ; .2 V':
410
Jan 23 ;
13% Jan 29
3
199
■—
■
Jan
Jan
82
'
16
Feb
114
Jan
15%
Jan .28
28
Dec
40
38%
17
j.
Dec
7% July
V
100
United
Range Since January 1
v
EXCHANGE.-
f Shores
$ per share
Jan
56
Dec
200%
IV4
419 % Mar 11
22% Mar 14
100
k; U S' Smelting Ref & Min—_—50
Preferred ——\
—
-50
►
4.200
f
Friday
$ per share
85'
:
Feb 26
2,900
}\-
'
Dec
62%
p: 22 A July
4
Jan 30 ;
33% Mar, 7
16% Jan 28
6
106
U 8 Plywood Corp.
_1
*U S Realty & Impt_—i_No par
U 8 Rubber Co
;
10
4.600 1
Mar;45
Thursday
18
29
Dec
38%
120
Jan
26 Vz
;54
3
108
6,200"
(42%
3
No par
j
20
i
—
41 Ya
,
;
45% Nov
Jan
,66
'
•
Dec
.112%
109% May
.
1
Dec
Nov
151
.
,22% Mar
5
.2
f
'7Ve Jan
47% Mar
—
t
96%
*95
Jan
35% Feb
14 Va Feb
7
23
Jan
27%
Aug
Sep
118
•
:C
26 V2 Feb. ,21
Mar 13
No par
;
U 8 Pipe & Foundry
U 8 Playing Card Co__
v
3.000 V
15%
74%
A:>
2
106% Mar <6
9% Mar 13
No par
U 3 Lines Co
9.900
74Va
;
25
31%
9
86 ' Feb
V'
23% Jan
10
22Vjj
14%
,
A
Jan
115
26
165/a Jan
Jan
416
;
Aug
104
41% Jan 45
•45% Mar 11
110 V* Jan
7
*-100
*
*
125"
*21%
22%
179
7
5
v
Jan ,18
54ViJan
9
25 V2 Jan
-Tfl
V; J29
37% Jan .28
3
•
?8
ill9
.5
Oct
Dec
117Ye
,
Jun
3
Cos
Apr'
111% July
Jan
42 V* Jan
«47'/a Jan
26 Ya
102 %
■
xllO%
,
Oct
77
Jan
Jan
109 >A
26
73% Jan
Jan
78%
100%
25
Feb
12
58%
44%
Jan
12
1
Jan
20%
>
Jan
-
16
15%
*H5
73% 473%
=91 •" -"'97 •''
*199
-
41%
Tuesday -;.^v
v-VX"'"
■'
75%
*198%
^
LOW AND HIGH
Saturday ;
;f;:vYYVJda*!,:9<
15%
16
125
*116
14%
72%
".7%
"•7%:
15%
22
97
;
'76
97
Jan
0%
112%
15
26
Feb
24
<
Partic .& conv cl A———No par
1
Preferred
10
r
t
'
'
118
22
15%
*198%
—
106 Va
Jan 28
168 Va Feb , 7
420% Mar41
'4% Jan
preferred
Rights
Y 900
46 Va
5%
"^•*162% 163%
27 Y; 2 7 Via
•27%—27%:;
-5.1
> 51%
"50%" ",50J/a"
"
Y
69
>*'65%r-» 67%
175 ' "175
•
—
7%
i
461
460"
16%
98
*198%
—
.
»May
Dec
45% .Dec
56
Dec
1
.34% Mar
102
Dec
Dec
17
.26% Mar
10
.27 % Jan
Nq par
-
U *8 Leather Co
800V
8.109
i
52%
7%
1.900
I
'
15%
,
68%
K
39
,
f
'
45%
'66%'
*50Va
22
Coal
Feb
141% Jan
20
U 8 & Foreign Secur
$4.50 preferred
50,900 V
11%
V
175
"
•
*
51%
87%" *88%
7%
74
8
,1.8
415% Feb V 5
2
30
2.700 " "J7U Uof fman-Macb Corp-—-—-5
■p<+ 200 v
-5% % conv preferred
50
: "6,9oo - "V S rlndustrial Ohemicala^—j&opar
15
*66
88 Va
15%
118 *
15
Mar
Mar
10% Mar
408
26
73
No per
U 8 Gypsum CO
2,000'
♦11
5 Ya
*173
'7%
15%
75
-15%
.
Dec
10Ya
.115 % Jan ,17
Mar
5
25
110% Jan 23
100
Electric
25
25
v:33% Feb
30c
a
V 8 Freight Co—
800
•
64
,f*33
46%
65%
:
16%
16%
*118 "126
22
Stores
United Faperboard
400
io
421
par
Dyewood Corp
5.% .preferred
;:
*r.299
■
■
V
40
69
27 VA
160Va
'..27%
2,800
4.800
48%r;48% ~
52
70% V-'VV
51%,
j22%
33
Jan
'
n
-
80;
157 Va
83
VV
.23
'*63
:
15%
11%
5Va
175L
:7%
8
16%
17
118
126"
17%.,
126
-*22
7%
Dec
112%
77 "
142% Mar 13
No par
United Gas Improvement Co._-l3%
United Merch & Mfrp Inc com.—1
1.300
119% -V-
-ft
•88 %
.88%
';•
.
:Y;-3i:v:::3i%Y'*
"
45%
5%
67
,65%
v
-
*202%
40 V8
*66
46% '■■■M
V-6%-
51%
8:
Deo
79
Jan
48 Va
' 3
27% Feb 46
26T 409 Ya Jan 15
,
Nq
United Fruit <?p—
'
-*7% '
23
Jan
Jan
26% Jan
,111 Va Feb 26
.10
United Engineering & Fdy
600
3,20Oj\
108
J23
48%
11%
'
45%
V
lOVa
117%
-61
-
15
66%
q-i 160% 160 Va
27%
CI
38
V
V
51%
46% V
67v,VV:
26%'
*106%
:■
__
*78%
38 Va
^67 %
178% 178%
•73,
73%
*87
88%
82% 84,.
Oct
Mar
•
.26
6
Nov
Dec
5
C 60
31% Feb ,20
•
•
r
.
V
,4;24^>V24%Y;t
J223a
ii
Y
•
.16
47
6%
68
26 Va
*10
-II8V2
47%
'
'
%
87
-
^ V; v-^ V
30%r 31%
49
11%
52%
52%
X116
" VV Y
10%
•65
66
18% Jan 30
112% Jarj, 24
37% Feb 26
._100
Preferred
United
4.800 v
453a --V
:vWv, ios:
'
24 Va
W'22%
45%
United
:Sv
20
Jan
112% Feb
112% Feb
106
Feb
Y 23 Ve Feb
140% Jan
!—(i
"
io%
...
*45%
52
Apr
103
-3
98% Feb
100
:
19,400i
106% 106%
♦202%
38%
16%
16%
■•:■
-
*1204
1%
*11%
t
43 Va
117 Va
-
,
i
.23
,_100
inc—s.
Prior ipreferred ■_—
United Corporation
800.
-
,-
.
49%
&0V4VX?
>*107%409%l.ui
-
»>:X;
23%
■'
,22%
118 Va
;11
♦38%
•
Va
24%
107 Va
50%
liV
,
23%
.,107%
V
31%
*10%
107%
Jan
50
7
.172
>';66% Mar 15 I.
,-100
preferred
United Cigar-Whelan
700; "
'
10%,
•
.
118 ( £119-V
48Ye
:
10
75
.
%
6.100C q: $3 preferred,:..——,
United Drug Co
7,300
:^48%-;Tld% VV-;
26 Va •' 27%:-:
48
:
12-'
•71'
■
16.900
>32%
:
12
.V
107% 109 V4
'
Sep
Jun
Dec
8
70
.20% Feb 26
No par
VUnited-Carr Fast Co^p
117.100
31%
v
117V4 418%
?
100
25%.
'
-19-X;-49,<-' '
">45% •*45%'s-
31%
Jan
61%
25
34%
10
Dec
9%
Jan
101
29
3
■
Jan
9
,106% Jan
,-4
Jan
>50
-United -Biscuit Co:———No par
•; V 5% conv preferred—.
,-100
United Carbon Co^
No par
1,800'
V
>"'5%
..
75
-80
25%
„
12
*62 »A „64.
Jan
Mar
*, 56
3
14 Va Jan
1
No par
United Air Lines
1.200,
12Ya(
25 VA
*70
.
20
20% Feb
,
16
,147.
_,50
—
111%
v
-V 12%
V •«%
»50%^
30Y4
;
p£d—
4%
16% Jan
12% Jan
3
49% Jan
No. par
25
a300-
>
VT*32%v;33%' \
12Ya;
^
5%
V
•
414
7
105% Jari
'
Nov
112%: Nov
33% Feb
2
16Va Jan
;
Feb
71-
3
-
39% Jan
par
100
prior
conv
United Aircraft Corp
V 5 % conv preferred—.
.
'500
.
'
••112
V 12%
23%
'8Va Jan
411% Jan
No. par
preferred $4.50 aperies,,
Preferrd $3.70 series—:
Union Oil of California—i
10,400
149.
•Y;35 -VVV36*
35
:
43%.
•
800,
,
13,100 L
32%'
jiS (
*142
V.
1.100;
:
'
119
dorp!
Union Pacific JIR Co
±
V"4% non-cum preferred
Union Tank Car—--——
3,300.
.
38%
--115
!
V43
'V145
♦no
.
'
Nq par
66 Va
31
50% Jan
23 % Mar 15
*.__No
July
Dec
15% Mar
Oct
29
66»A Jan 15
/ 21% Jan
; 9
51% Mar 13
;1
'
45
Jan .29
112
Mar 13
56
h—8
;
r
7.900
.
32
V
115%
42 Va
23%
3
Nonpar
<;
,
80.
-
,154
120- X
38%
('■ 210:
V
24
•
6,800.-'
'
115 V*
•
T120
-
-^31%-32%
*139
119
Jan
Dec
29
68
40% Mar 14
Underwood Corp
j.
No par
Union Bag & Paper—--,.
No par
Union Carbide & Qarb——No par
Union El Co o£ -Mo $5 pfd
No par
11.100:,
." v.::T; 90
.
t
109
-
23%
,
V**i20;-120VaV>
■
"-•
*204
v
19%
1Q6%
,•-22% Jan .10
.16% Feb 26
Twin Coach CO—
1.800
:
'
107%'
:'•• -'*114%
-108
'
•24%
'
108
Jan
U
<25%<
••
105% < 106%J > 106%
*
108 >■•■'■:-
.
.5%
.
/''v:•''•>• 66% '.67%.:,
$7%
.
2;
51% May 13
18% Feb 26
par
64 Va
13
29
13% Jan
..15% Uec
53% July
10% Aug
:
v;
-
26%
»% Jan
Jan
S per share
8% Mar
■.
...
114%
*106% hi07%
,112;
'* V
o
2nd preferred
•
.
i
,
' $1.50 preferred-*.—
No par
$.4.50 prior ,pid—V-—^
No Par
Twin City Rapid Trapeit—JVo por
700.
380:
28
Mar 13"
Highest
&$ per share
4
'
j
100
,
55 & ^
22%
"■
8.000'
.
I
68 Va Jan
Mar 14
.
St'l
20th Cen Fox Film
28
.
•
Tri-continental Gorp—
$6 preferred,;
■
Truax-rTraer Corp*.__'
36,600'
Jan
20,
Jan,; ;8-
r
.par
*
j
16
19.<
,8
Feb
108
par
.•
TransconVl & West Air-Inc
f Transue ,& Williams
2.600,
t
.
■-■Ik
22
19.900;
•
16
-
.T»54-^-.^55..,ij
„
f.67
.
,*105% .108
..
VVV< V.16
1,800
53% (
i.65%
V
8,000
17%.
iV-52%
.53%
i,65 %
f
70 - Feb
15% Jan
Jan
49
_,10
Timken (Holler Hearing
Transamerlca Corp—
9.600 £
16
5
12
,_10
•___No.
.17% Feb
47
:
*._No
■4$ per share
60
s
Lowest
r <
13% Jan
preferred-^.——N(,,par
$3.75 pjeferreri
TiraiseD ^Detroit -Axle.
1.800"
-
cum
>
t
3.300 ;
:;
111%;
111%
'•
(.
10%
9%
-
■
%hi7^•?'
$3.50
Year 1945
Highest
£ per share
1
Tide Water Associated Di%
■
*120
%C.
18%;
23 V4 .''r24
*'5105%,108V^
.15?,a
15%
1053/B ■'
;
.p,fflr
Co common
Thompson-Starrett Oo
-
5,500
•
56% v;
.53%
.
.10 V*
'
37%
41
41%
£
'.17
,..52%
.
25%
113
'■>V
17%
'.-9Ya
;
v.
10,300 ,>
.400 j
(
Lowest;
.
Thompson
rJyv' 210 i
19%-
no % •111.
•56%
16%
16%*
*56
V
C
53»
'.19%
*♦
41%
r*.
68%
53
•
19%
♦111%; 113
175 LV
1.55%
,
...
iv.
■■r
•
•53
23%
-
i.y
•
' ■
•>
-
4.:
Range for Previous
Range Since January 1
.
.',
••.
$2% f.dlv conv ^preferred
50
Third Avenue iTvansit Corp.. No
par
(J Rl
28
Thompson Products com
No par
4# preferred
—aoo
,
2.000
/
.110
i7%
66
V, * Vl6
200 "
-*100
V
■10%!
9%
■/.
:.567a
U6%
V.V-64%
$
,,
t
C.
10
!;V
•
114
.
3.100.
.
<
50%
v
40%
J* ->♦105% 108
e
-17.5 '•■ ••vT •♦145
*1145
'V...
26%
v.
Thermoid
3,400,
;
.
'
,
',r^V;51% 153 %
188
21%
.
.
1
■■
,/r.V
'
19%
26%
>.9%
.
,
.17%
>"108
V
10%
*51
17%
'113.%,
:
49 Va
'
,
.111% ,111V*
:58
,;•: 16 V4
60Va
13%
' -*17%
,
51 Va
1
♦108
i54%
'
?vVv55.-VVi?55:%^l
i
i
*.
60%
•
.13
.
17%
!.:• .10
.25%
16%
♦185.%
V
55%
*21%
V
49
16% '
r
i
u
\ Wrtiv «TOCK
EXCHANGE
'
>
?51%
:
&,VV97%M
■j
114
*15%.. i6
175
.,62
13
103/4
17%
10% >'
V'9%
16
56
-
26%
•♦113%
66%
>♦145
.19 Va
55%
26%
16%
106 '
-
M >55%
\
53%
•;
53Ye
45%
,
.'55% j 55%
■..v.y.x
NEW
r
.Shares
,'
t
-.14% : '.14%
15
.13
110% 111%
.'•41% 41%
17%
16%
YJ.06
'
.♦1754
'
54%
,;5i%
i
58%
17%
114 * V
a65 V\-
-
Y
58%
10%
■
.51%
;.
,
16%
'♦145
v,
Sales for
the Week
"
108.
>
«Ya
42% Lr
-42%
56
*16%
i
♦106
,
;•
"
51%
.
.108
'
i;
;
28%
►113%
■
♦60%
,•
/;
111
f
p-
-
17%
.53%
16%
(
59
;
♦26%
.
10'A .) 10%
U3%ill3% V
',d53%
43% -fi: ;
,17%
JL4%'
62
51
19% ;
♦110
59
~'r
26 %
16%
20%
110%
42%
<
17 Vb
26 %
,
j
.19%
J56% r 157
,
;
-i
$ per share
-I'-"-
tvN;
110%
A3 %
x
,14%
,i 12% ,,13%
'•,,1-7'/a J7%
.17 Va
>♦.108%
.10% 111
-111
:14%
,62
•
■
STOCKS
Friday
Mar. 15
1
.
..
$ per share
Xv>Y
'
■:
,10% 111
1 1
'-*55% A 58
.'A
420 ; 20%
111
Mar..14
■
share
per
Thursday
;
Mar. 13
;;trf.;i62
62%
14 v'
.
*
.109% 109%
v
PRICES
Wednesday
*
W.iSper share jr,;f £
.
i5.%
15%
v
62 Va :>v -:
.14%
♦54
HIGH
Mar. 13
•
r-18 v/.:
i
AND
Tuesday
i-vv
tiper shate;
YA
-15%
■.■62
(
>
:
per
v>15%
Mar. 11
1447
> .Lowest
Par
$ per share
:
•
Highest
Year ] 945
Lowest
$ per share
.Highest
t per share
:
$ per share
w
32
,
32%
*19% -20
"
50 3A
*213A
83
22 1
"
♦41%
V
42%:
108%
121
85 V
90 Y
*
60
.
*41%
5
r
.
85 :
<
"
31%
19%
YA
7:
2l*A
*49 Va
Y".21%
*•81
190 >
•173
*80
"50%
*•'
*173
,
♦109
108
19
40
112108
% '!■ 21%
15%
18 Va
13%
13%
*20
*106
37 Va
♦38
For
106 3/a
37 %
42
footnotes
A
83 Va
*109
V'Y41%
"40%
Ay
.
10
19 Va
■85
" .122
■
'*82
50 3A
•
>
50
"
<>*44 "'
*155
v-
4
•85%
122
•
01
,,
..81
•*111'"
:,
-w-
•
,
.173
"A»32
•44%
v:'
43%
-•79
!
Y
*155
173.
♦172,:.. 100 a:
170
«43.
90
■83 3A
*82
f. ' *-155-
170-
*172
10
800
170 i
*155
*173
1.600
•43%
;.
,~ao
190
cum
Va-0.arolina
8%
1,400
•410
"51 "•:•'
43%
■!-;
non-citm
3%#>
preferred
80%
A-: 80 Va
80 Va
18%
40
XI8V0
18%
39%
39%
39%
39%
X 39%
'
39%
110
108
107
110
107
*80
109
105
109
107%
;
•
&
Y
Chemical
Paw
400
Wabash
1.600
39%
40
..
900
*108
110
109
109
90
104
107
104
106
3,000
*20%
21%
21%
20%
20%
300
15%
-
15%
15
15%
15
15%
15
15 %
9.800
13
12%
12 Ya
12%
12%
12%
3,500
12%
106
3 06 Va
X.
106 Va
36%
37%
37%
38
38
*20%
106
"35%
36
21%
106
37 Ya
.36
*20%
106
106
36%
*34
-
Xll%
*104
37%
-
36
.
Waldorf
36%
v.
35
105
560
Walker
(Hiram)
Div redeem
Walworth
Ward
,
preferred
Co..
Baking Co
•5%%
preferred
Pictures
Warner
Bros
Warren
Fdy & Pipe
55
.8
<
21%
4
Jan
24% Jan
Jan
34%
Mar
V13
28
22%
Dec
50 V2
Nov
Jan
10
13 V0
Apr
24 V4
Dec
48 3A May
86 % Mar
71
Nov
104
Dec
Jan
2
90
Jan
28
Jan
2
112
Feb
9
110 i" Jan
16
•-'115
Feb
15
-90%
Jan
44% Jan
18
24%
Jan
•107
Mar
-
6% Jan
120
Jan
1
8
(80
Jan
21
< Feb
26
Jan
»4
X161
Mar
172 ,; Feb
12Ya Jan
%
:V
-
•'
29
28
122% Mar
82
Jan
51% Feb
A 45%
.7
165
,2
.175
103
A 45 %
Dec
Dec
Mar 15
99% Jan
5
25
,47
•39%
108
Dec
32
>;
Jan
.
,•'>'81
Dec
Sep
Jan
124
Nov
Y 83
Dec
18
45 %
Jan
58
Nov
30
36 Va
Jan
43 Va
Nov
Jan
(
A' 57
>■
Dec
Jan
418
2
1%
-3% Mar
59 Vs
5
18
Jan
15
Feb
21 ;
120
Mar
165
Dec
,,145
.
.Mar
173
Dec
78
Nov
20
Dec
T'..
•;•
—
100
No par
No par
100
108
Feb
18
110
No par
98
Feb
26
117% Jan
14
61% Mar
No par
No par
G & W
300
,
T.-
preferred
System
Walgreen Co
4% preferred
25,000
37%
A 35
RR 4%%
Feb
23% Feb
66
77% Jan
..
18 VA
.
100
$5' pref.
preferred————
—28
'Vulcan Detinning Co—
.——-100.
T,
Preferred —.TW—P—t——^-100
80%
89
,
2
104
No par
6%
18V4
46% Jan
37% Feb 26
100
,_100"
^Va Iron Coal & Coke 8% pfd—100
Virginian Ry Co——
—23
*79%
::"A
8
preferred
div partic preferred.
"Va :E1
29% Mar 13
,'48% Feb 26
X
19% Mar 13
8
100
-—100
—
Victor Chemical Works——
6,600
84 .<
Co_6%
Vicks Shreve & Pac Ry__
20
4
10
.Vick Chemical Co
1,600
90
*50
-190
18 V*
1448.
•42
108 >,
*122 Va .123
43 % A
19
page
500
^ UO
;•/
2.50
Vertientes-Camaguey Sugar
4,100
'
80%
39%
121%
5%
41%
108
50% " "50%
44 TV
170
Van Norman Co—I
Van Raalte.Co Inc
*113
122% 122%-WA
AY r»82
700
400
81
9%
19
133/a
36%
20%
'
par
19 Ya
49
,
.
/.A'A; T;; :W
"
16 Va
'
»
-:•;;v;.v.:
f-
rW
Vs'i V'v 80% 4. '5.1%
;-
*48%
40
'v-al22VA .122%
v;
90
.50
■t0%.|.'lO'
83% -*84%
,19%
Vanadium Corp of
3,900
*111 •'•:
80%
15%
13
.
:
81 Va.
21%
lit
*113 v-.4_ " ' >' >*113
'•'41% 42 "
Y41% Y41% '
,>*407
408
'f *107-108
i 'A
108%
90
*20%
see
(a8i
"
■41%
>*107
-V
112
106%
*38
v8l
HI
31%
30
*
19%
,49%
49%
20% < ^03Ar V '
19%
*39%
106
50 Va
-31%
"
,42
190
80,
19%
49%
30%
49%
T2l%
lis;,
170
■
19%
V21%
111;:
-.44% -44%
A
v
31%
*49 Va
Ya
29%
50 Va
'*113
65
*155
81%
19%
40
45
163 3A
19
v
.
•*106
v
*43 VA
i**155
.,,'32
415
421 %
:i
*82
Y"
51%
,,
421
/y;
51
.108%
"4,;. -10
V;
yY
411.,,,.;
.
*107
T
!
' 421
*82
*407
f,
•31%
83%
Y V *111
10% >10%
65
r
•
*81
83%
*107
51,
:
'YY-21%.
*106%
•
19% i)19%
;
_
50%
«'*110%
V
'31 Vi
-
20
Jan
3
21% Feb
21
19
13
Sep
.20 Va
Feb
Jan
3
18% Feb
16
8%
Jan
14%
XllYa Mar 15
Dec
15 Ve Jan
14
8%
Oct
16%
Dec
1
100
75
Jan
3
>
Sep
18
Jan
22
20% Feb
6
13%
Jan
39
Jan
2
42% Feb
4
30%
Jan
103 V4 Jan
3
S
31
Jan
No par
35
Mar 15
3
86
Mar 12
64
105
107 Ya Feb
20
39% Feb
25
13
50
16
29%
Jan
91%
■
.
Aug
Apr
Dec
110%
Sep
110
Oct
Mar
42
Dec
105%
-
Dec
35%
Dec
50
Dec
Monday, March 18, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
1448
NEW YORK STOCK RECORD
•
■.
...
:
...
_
-
"" Monday " f f
Mar. 11
Saturday
:
Mar. 9
■
Wednesday ■,
Mar, 13
-Tuesday:
Mar. 18
■
■,
,
-
I
.
■-
..
|
HIGH SALE prices
v■.'x.ow
...
,
. „
..
'
•
v;■■
' Thursday
Mar. 14
.«
Sales for; r" •; v
the Week
Friday *
Mar, 15
-
,
<
■
f
.
••
,
-
,
•
-__L
..
.
t
1
;
, ■■
V
;
...
'
■
.'jf
iRange for Previous s
NEW YORK STOCK
> Range Since January 1 u»' - ■ Year 1945
EXCHANGE
LowestHighest
Lowest
Highest
STOCKS
$ per share
S per share I per share
22Va Peb ;1 ■ 14% Aug - < 21% Nov
0331/34
*34% 36 ;
; 35% Mar 14 24%' Jan ■ ' ; 32 Deo
*29%
30%
30
30
30
30
29
29
29% 29%— t34% Feb 46 i • 201 Mar 1. -33% Dec
43
43
43
44
42
42%
42
42
*41
42
900
47% Jan 31
30% Jan
47% Deo
;-*■
\...
■■■■■.:
.*;
;
'■
:■
.■;-.*
.13%
13%
13%"- 13%
13% 13% 13
13%
127# 13%
• 12% • 13% .
> 4,900
Webster -Tobacco
f 112% Mar 14 X t 18%Man 3Li' 16% Dec
36%
-36%
36% 37
37% 37%
37
37
; X36% 36%,
*35
37
700
Wesson OH dt Snowdrift—a—No par
33% Jan 3 ' 41% Peb ,1 . 24 Jan i 38% Nov
*86%
88
86% 86%
*85
87
*85% 87
*85% 87
85% 86% 400
■ 34 conv preferred-—par
'85% Mar 15 - 87% Peb 111" 84% Apr:
89% Nov
f: 41%
42
'
41
42% |
41'
41%
39%- 41% 38% 39%
39% 40%< - 7,400
West Indies Gugar Corp.—1
36 Jan 2
43%Feb .5 • 23% Mar
37 Nov
*114% 114%
*114% 114% t
.114% 115 ; ■
115
115% - »H4% 116% "
*111% 116%
1 * 60 ^ West PenrtElectrlc class A~.No par ^ ;112,3 Jan, 3
115% Marl3
100% Jan ;! 113% Nov
*118
118%
118% 118%
118% 119
118% 118% '
119%" 119%
">118% 119
220 ' ; "7% preferred——.a————...100
115% Jan 4122% Feb. 6 " 109% Jan . 118% Oct
110% 110%
*110% 111%».
*110% 111%
.111% 111% : HOVa ill
111% 111% '
200
6% preferred——.—
.100
110 Jan 23 113% Feb 11
101 Jan . 112 Deo
118
118
*118
119 '
118
118 • •
118
118117% 117% \ ' *116% 118 '' ' ' . 100
West Penn Power 4%% pfd
100 117% Mar 14 .119% Feb 18 I 113% Sep
118% Dec
38%
38%
1
38%
38%
38% 38% ^ ■ 37% 38% v.r x36% 37
36% 37% ;
" 5,200
West Va Pulp & Pap Co
No par f 35 % Feb 26
44 Feb 2
22%Mar,.;. 40 . Dec
-•114
:
**114%
■#«?- 114%' 114%
114% 114%
»ii4
115
-114
114
120
4%% preferred
100 112% Jan 7 115 Jan 30 106 Jan v 115 Dec
•27%
28
*27% 28
*27% 28
27% 27Vi'' - ,*27% 27% ;
28
28
,300
Western Air Lines, InCw-^,-.—I ' 27 Feb 25
35 Jan 9
3 Deo r
8"% Dec
68
68
67Vi 68
•
67% 67%
67
67%
65
66
' 65
'66%' ' •" 1.800! Western Auto Supply Co——..10 . 57 Jan 2 , 68 Marc 9
32% Jan , ' 61 Dec
10
10%
97/«
10%
9"% 10
9% loy#
9%
9%
9%
9%
2,800
Western Maryland Ry——100
9% Mar 151; 13'/«'Jan 16^; 4% Jan >
14Vs Jun
•25%
26
*2427- *24y«
26%,
*24
26
»24
26
*24Mi 26
"
'
4% non-cum 2nd preferred—;-100
25 Feb 26
32% Jan 17
13y» Feb .
37%.Jun
50
50
49
49
48% 47%
48
48
48% 48%
48% 48%
1,900
Western Pacific RR Co com^.NO par
46% Mar 2
56 Feb 4
30'/a Jan
57y« July
94
94
93% 94
93% 93%
93'/a 93ya
93% 93%
*93
94%
1,000<
Preferred series A—.—100
67% Jan. 2 / 96Va Feb 14; ,64'/4 Jan i ' 92 Jun
45
-45%
42% 44%
42
43%
38y» 40
37y$ 38%
: 36Va 38
47.200. Western Union Teleg class A_Nopar
36% Mar l5
53% Jan ,14
43y« Aug .
66 -Oct
*26%
29
*26J/a
28Va
;
*25% 28
*23
20
*22
25
*22% 25
Class B—POf ;. 31 % Jan 15
32V* Jatt 14
26'/4 Jan ■ 33 Oct
34y«
34%
33%
34'
33% 34 32%, 33% •
32% 33%
' 32y8' 33%
7.400
Westinghouse Air. Brake^-.-JV0 par
32% Mar 14
40% Jan 29.
27% July .
38% ,Dec
34%
34y« 34%
33ya 34%
32% 33%
33y4 34
v 33% • 33%
38.300
Westinghouse Electric Corp
12%
32y® Mar 13. 39% Jan 30
3iy» Aug * 37% May
42'
41
'41 y4
41
4iy2
40
41%
41 Ve 4iy4
41Y* 41V2
890
Preferred
12ya
40 Feb 25
45 Jan 29
37% May
50% May
42%
42%"
43
43
*41% 43%
*41
43
• *41 '
43
'
'*41
' 43
•
300
Weston Eleo Instrument^.—.12.50
41%-Feh 28 1 48% Feb 11 ; .30% July i : 45%JDee
39
39
*38
39%
*38y4 39
38
39y4
*37
37%
*37% 38
300
Westvaco Chlorine ProtL—-No Par
37% Feb 9
42 Jan 28
2V/s Feb
43 Deo
*105
107
*105
107
105% 105%
.;106% 106%
*105
107
*105
107
20
$3.75 preferredper 103% Jan 5 107% Jan 31
100 .Oct
105%,Deo
74
*70
74
*70
74
*70
74
*70
74
*70
74
Wheeling & Lake Erie Ry
100
70 Feb 20
72 Jan 11
64 Jan
78 Feb
104
*98
104''
*98
104
*98
104;
*99
104
" *99% 104 '
5%% conv preferred—.—100
105% Jan 19 108 Jan 18 101% Aug - 107% ,Jan
48
48%
47%
47%'
'1 47
47
'45% 47
45 % 46% :
46%. 46%"
2.200
Wheeling Steel Corp^.„..No pof
45 Jan .3
58%Feb 16 ' 31% Jan
47% Deo
102'A 103
102ya 103
102y4 103
'102
102% * >101% l02
102ya 102Mi580
' $5 conv prior pref^^.^—No far
98y« Jan 21- 104% Feb .14
87ya Jan , .';103 Oct
*29ya
29%
*29y8 29%
29% 29%
*29% * 29%
*29% 30
300
White Dental Mfg (The 6 8)—30
27y4 Feb 26
32 -Jan 30
21% Jan
31V4 Deo
97%
37%
37%
37%
37% 37%
36y8 37Va
37
37J/a
36% 37J/a
5.100
White Motor Co—....1
, 35% Feb 26 ~
44 Jan 28, , 26% Jatt v > r 47% Pec
14%
15
14%
14%
14% 14%
13% 14% " ■
13% 14'
14
14%
5.600
White Sewing Mach Corp—1
13% Mar 13
19y#Jan 30
8% Jan
18 ^Deo
88
*85
88
*85
88
*85
88'
*85
88
*85
88
>4 conv preferred
No par
85 Feb 26
95 Jan 24 * 83% Jan r
94 . Jun
34%
*34
34%
*34
34%
«34ys.. 34%
*34
34%
*34% 34%
Prior preferred
20 *33% Jan 17
35- Jan 29
30 Jan ? 35 Oct
^ *10%
11
10%
10%
10% loy*
10
10%
9% 10
*10
10% .
1.500
Wilcox Oil Co
.9
9% Mar 14
12% Jan 29-_ 6% Mar
12 ■ Dee
21%
21'A
21%
21
21%
20% 2iy8
19% 21
19% 20y8.
19,800
WiUys-Overland Motors——~l
19% Mar is
26% Jan l6 . 16% Mar
; 26% Jun
17^ 17% '16% 17%
16% 17
16% 16%
16%* 17
■■16.% 16%
9.000
Wilson dt Co Ino——par
16V4 Mar 13
19% Feb 5
10% Jan
19% Nov
100% 100%
*99% 100%
*99% 100%
100
100
100
100%
*99% 100
400.
- $4.25 preferred—99% dan 17
100% Feb ,21
mmj
*19V»
19%
l9y4 19%
19y4 19%
19
19%
*19
19%
19
19
1,100
Wilson-Jones Co^.—19s Mari3
21%Feb 7 : 13%. Jan
22 ; Dec
till
*144
.1 f* * *144 I, V;' Is ^ X *144 ^ ^
*144
*144
Wisconsin^ El^ Pow Co 6% i pfd 4 *'100 ! 142 ,♦ 'Mar ^5 ^ 142 Mar, 5 128 ^Jan
138% Deo
****
^
V
' *$
Xl
f fI y
r t ' tj '|j. 1
\ V. S
^
' "
* '
^
t
^
j^
^ J
4ov,
40%
40%
*38% 39%
39
39
38% 38%
*38
38%
800
Woodward Iron Co,..,.10
34 Feb 26
40% Jan 14 ," 22% Jan \ 37 Nov
57%
56y4
57y4
56y4 563/4
55% -56%
55ya 56 '
56
56y4
8.900
Woolworth (P W) Co——
10
50% Feb 26
59 ♦ Jan 29 - 40% Jan . : 53% Deo
Ik
;
; 54%
55%
A
54% 55
54% 54%
54
54%
*53% 55
1,300
Worthington P St U (Del)—No par
50 Feb 26
65 Jan / 9 . 38. Jan r 70 Nov
*96
99y4
*97ya
99v
97
97Mi
96% 96ya
*94
97
800' v Prior pfd 4% % series.,,..,........100
91% Jan 7 98. Mar • 1
79 Jan
100 Nov
*97
99
*96
98%
97
97
96% 97
*94
97
400
Prior pfd 4%% Conv series—100
93 Feb 9
08 Jan 24
80 Jan
100% Nov
*92
94%
*92
94%
*92
94%
*90 y8 94% * : ;*93
94%
Wright Aeronautical—.—*-JNto PUT
91 Jan 18 106 Feb 4
75 Jan
110 Nov
*78
78%
*78
78%
78
78V4
*77% 78
78% 78%
1.000
Wrlalev fWmt Jr (Del)—Jfo ptff
77 Mar 2
88ysFeb 18 ,69?4 Mar ^
84 Oct
31
31
30% 31%
30% 30%
29
30%
29% 29%
29% 29%
1,800 Wyandotte Worsted Co. .
,8
20% Jan 4 38 Jan 28
13 Jan
23% peo
21%
*20si
-
'*"/'■
•
:
•
$ per share
.20
20%
33% 34
t per share
? .*20'% 20%
*33% 34
tper share
20% 20%
33% 33%
$per share
:
$ per share
' 20" 20%'
$ per share
•
20 '
34%
28%
41%
25%
35%
29%
41%
Warren Petroleum Corp—.—-;-;—5
Washington Gas Lt CO—-—No pat
Waukesha MotorCo—
—3
Wayne Pump Cb.^——1
1,000 '
900
800
»
_
v.
■
t per share
18% Jan 24
30 Jan 9
28% Mar 14
40 Feb 25
Par
Shares
-
,
.
.
'
-
•
-
:
v
•
—
.
-
34
42
,
«70
*98
29
29
•
■
*87
*34
21%
.
—
'f
*
*
*
'-l'1,-"'
K
s
X
'
r
4\»
■
J
1 t,
j\
*■
tj.
,
403i
S7
<
66%
Q7V*
08
100
•05
04%
•02
7RJA
78v
40W.
~48%
43%
43%
23%
23%
22%
23%
31
30
30%
64%
62%
25%
64%
26
*30%
64%
26%
•26
i •'*»
ii
'•12%
44
43-
42%
42%
23
,22%
22%
22%
30
'27%
22%
29%
29
28 y8
22% 23%
6,800
63%
25%
61%
' 25y#
63%
25Va
61%
63
61%
25%
9.100
2,600\
■"
62%
,25ya
■
Tale ,R Towne Mfg. 00
,
V, j8;
York Corp^
Young Spring ts Wire———No por
Joungstown Sheet & Tuhe^No pof
Toungstown Steel Door,,,,.—No par
l,30Q
44
22%
43
28%
•.'■■vi;::.-.; ;F;*'.
28
25%
- 25
-'M'
■
2,300
28%
63
25%
i
r
1
3fiiA
7<? v
143 '
43%
"
36
36%
*36%
36%
35
36
34%
35
12%
12
12%
12%
12%
11%
12%
u%
12%
4,900
-
a Deferred
tin receivership,
gales on thla day,
Daily, Weekly ^nd Yearly
Railroad
andMiscel.
Stocks,
Number of
Week Ended
..
-
——.
Bonds
Bonds
$1,849,000
3,503,100
3,390.900
$179,000
492,000
15,000
"'242,000
26,000
1,621,880
4,741,600
"598,600
13,000
Thursday
Prlday
1,089,599
1,061,254
3,651,000
500,000
(3,774,000
915,000
$20,909,600
$2,926,600
876,610
721,360'
—
1
5,834,713
TotaL
-
.;
48,000
3
>
10,000
fj
$125,000
4,010,100
*.
•
3,658,900
5,353,200
"*_4,199,000
4,699,000
Foreign
Domestic
Government
199,235
$133,000
387,040
...
426,000
,
337,415
317,000'
Wednesday
Thursday
Friday
610,145
222,000
444,730
203,000
366,130
303,000
$1,604,000
i
:
v
,89,21^,783
20,909,000
Domestic.
Railroad &> Industrial
•$23,961,200
TotaL
$2,228,100
21,046,700
$73,500
$125,000
2,926,600
Foreign
.
.
1,469,900
49,323,000
$50,866,400
.
546,359,900 ;
$369,634,700
631,755,490
■r'
*
30
20
19
XndmK
Rail¬
UtHt"
trials
i
March
9
,
,4
March 12
March 13
March -14
March 15
103.52
4":
61.81
■;
v
<-
40.08
40.12
Grads
Grade
Stocks
trials
Ralls
Ralls
106.38
119.11
102.45
72.26
'
■;?
106.57
—
—
190.36
61.39
39.30
71.37
39.39
71.33
106.50
62.19 w
40.05
72.10
106.53
191.66
:■
^
:
40
ties
Bonds
109.84
'
Chase
Bank
National
109.45
Trust
$37,434,000
3,810,000
132,000
18,133,000
19,000
$3,549,000
$25,946,000
$55,787,000
220,00d
Corn Exchange Bank 8s
102.21
109.72
109.41
Empire Trust
119.11
102.08
109.76
109.36
Fiduciary Trust
First National
f.V '
8s
20%
Trust.20
61%
5C. ,118
100
•
•
YMandfactures Trust Co com—20
Morgan (J P) & Co Inc
100
Public Nat'l Bank &
63%
123
.
"
1,845
m-
Sterling National L
324
,12%
National City Bank
oNpw York Trust—
,
£785
Ask
215
.190
—100
340
50
—10;l42
Bid
Sio
Guaranty Trust ——100
19%
20%
Irving Trust
—10
1,950
2,000
Kings County Trust
100
;52
Lawyers Trust———
-25 V 49 ;
"63%
,61%
4<f1/4
i
:
■
^200k;?;;
'
'
;
Trust—10
Bank_,
117:
.100
Trust.
—
-,48%
47 :4;
20
Co
Continental Bank
109.43
46%
Commercial National Bank &
109.50
109.73
113
42%
15
10
;
109.44
102.20
$22,004,000
744,000
Grace National
50
135
Chemical Bank & Trust
109.71
119.25
48
130
Central Hanover Bank & Trust 20 ;
109.77
•
.
28,29^796
,
$2,786,000
- - r
Far
Fulton
32% ; 34%
4.23 > 4.35
'
102.32
119.24
' '1945
;1946:
• ;
"46,325,550
i'-. va-:,..
Banks & Trust Cos.
.100
„
119.16
:
106.53
61.44
Total
10
Utili¬
J anil to Mar. 15
Ask
-10
Brooklyn Trust
102,46
119.17
106.49
72.56
189.98
-
Second
Indus¬
72.90
40.28
62.26
First
10
65
ties
roads
62.57
194.45
y 192.89
March 11—
-
t
Total"
;
Rid
Bank of the Msmhattan Co.. -10
.100
Bank of New York
Bankers Trust
10
4945
...
i
1
.I'.
Par
10
13,000.
$2,314,000
HeW^^ York City
-Bonds—
St<>cks
<
414,000
$2,314,000
$13,000.
:
:
1,455,530
697,000
■
Total—
Stock And Dond Averages
Below are the daily closing averages of rejii^entaliYe' ktdekS '&nd\bbnds
listed on the New York Stock Exchange as compiled by Dow, Jones & Co.
V
$1,604,000
Foreign governmentForeign corporate—
$660,734,000
f ;
362,000
$697,000
•';<*'.■.
Bonds
Bonds.
D. S. Government
1946
2,344,695
Stocks—No. of shares.
$1,455,500
27,523,100
97,540,435;
io.ooo
ni.ood ^
'Week Ended Mar. 15
Juntl to Mar. IS £
>
1945
4,868,525
5,834,713
BtockS-i-NO. Of shares
"363,000
"400,000
"
2,000
.
602,000
159,000;
;
1946
1945
1946
IsliooO;';
44,000
168,000
-
Total
$173,000
*
2,344,695
TotaL
Value),
Foreignr
Corporate
$40,000
175,000
Tuesday
i
m-
Bonds (Par
xV&igS&M
—
'Week Ended Mauls
Exchange
Shares)
Week Ended March 15,1946
Saturday.—
Mnnrtay . :■ ;
$23,961,200
||
•>
or
Sales
-
$13,000 v$2,041,000
Wednesday
Monday..,
Tuesday
Stocks'
-(Number.
'
Bonds
Shares
464,010
March 15,1946
Saturday—.
,12% Deo
Daily, Weekly and ;Yearly
Bond
-
■
44% Dec
5% Jan
13y8Feb 6
10% Jan 3
■
Government
34% July
Transactions al the New York Curb
,%x ■
'foreign
70% Dec
,27% Sep
'
'
sales; yd WheR distributed. K-gx-dlyld^nds. y ftc-nghta.
Total
United States
.
42% Jatt 15
34% Mar 14
ftp 9*f
Zqnlte ProductaCorp
delivery, n New Btoofc. > Ca»R lala, 8 Special
Exchange
Transactions at the New York Stock
74% Feb 5
Jan 29
■'.;■
31,
-.T
^W^Dee
24% Oct
31% Dec
32% Jan; :
13% Jan
.19% Jan.
39% Jan;
20 Mar "
•' ;;;
'
*Bld and asked prices; no
21%Feb 26
27%Marl3
61% Mar 13
25 Jan,, 2
^0']-
genlth Radio Corp
2.900
12%
.12
'■ V;
\
35
35
49% Jan 30
27% Jan 31
35% Jan 17
42% Mar 14
1J,
25
TrustL.17% % 45%
.J
.-25
Title Guarantee 8c Trust—12 ;■
United
530
44%
46%
113
109
89
21 ;
States Trust—.—.—^100 ,'765
,
47%
93
22%
.795
;Volume 163!
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
Bond Record
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
WEEKLY
-
YEARLY
-
interest"—except for Income and defaulted bonds. Cash and deferred delivery sales
the week, and when outside of the regular weekly range are shown in a footnote In the week in which they occur.
"and
are
RANGE
■
|p||S
>
BONDS
■
York
New
Stock
Interest
Exchange
U.
S. Government
1947-1981
A-O
Treasury 3 %s.
Treasury 3%s
1946-1958
MS
,.1946-1949
Treasury 3V«8
Treasury 3s
".V7J-D
1948-1951
23/48.
1956-1959
•
2%S_
..1958-1963
2%S_.
..1960-1965
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1950-1952
M-S
2 Vis.
.1952-1954
M MS
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1956-1958
MS
1962-1967
J-D
Treasury
J-D
M-S
-
•
J-D
*
Treasury >
***'
Treasury
*
10
M-S
.—1951-1953
M-S
Treasury 2s,
2s
2s
J-D
Dec 15 1952-1954
J-D
1953-1955
'
J-J
J-J
1948 <
A-O
—.1941
;
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V 7 97-.
...
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M-S
J-D
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Stamped pursuant to Plan A 7 . J.
r>
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1926———1957
-
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f".
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.'3%s
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No.
Series No.
silrfif4)
No.
No.
8
W-
3%s
Series
No.
9
Series
No.
Series
No.
3%s Series No.
3%s Series No.
3%s
Series
NO.
3%s
Series
No.
3%s
Series
No
For
footnotes
■
v
105%
105'
107%111V# 115
'
64%
'
69%
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•
146
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7
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>
7
1961
62%
63
63
62%
42
59
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97
58
7
61
9
61%
s
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1962
—
///. 48
13
21%
29%
27%
1
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27%
24%
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67
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25%
23%
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27
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24
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\
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24
30
37
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81%
82%
81%
82%
1
.
27
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•
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51%
51%
;
92%
89 ¥a
37 7%
115
•
115
/.
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1949,
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part paid:
;
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1960
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:
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102.
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Mexican Irrigation—
A4V2S stamped assented—r_——.1943
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1899...v._u.—.1949
to.Nov. 5, 1942, agree
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■
.
22;.
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68
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21
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,
77
78 ¥4
For Financial Institutions
SECURITIES
*61
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60%
61
65 V*
61
2
4
B
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:
no^
63 ¥4
63%
63
63 ¥»
61
61
3
60Va
62
61
11
60%
63
50 Broad Si., New York 4, N. Y.
,
60 Vs
61
—•
nua. MARKS 4
FOREIGN SECURITIES SPECIALISTS
80
60%
62
62
80
Telephone HAnover 2-0050
-
16%
80
79 Vs
31 ¥4
--
65
/
24
96Va
66 ¥4
61
:104%
15%
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agree
1945
99
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;;
1942,
1899 I.
5s of
101
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^1954
22
19%
100
,
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—1954
y>
'•l01l4-:/.t
A 6s
AJu^oslavla. (8tate Mtge Bk) 7s-i-1957
50%
ill
"
J-D
FIRM TRADING MARKETS
61%
977/8,
102%
4
FOREIGN
60s
"
99
97%,
104
*102.Va
102%
A-O
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;
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1949; iff
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30 Va
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1953
Nov.
27
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23%
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to
23%;
20%
21
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23%
17
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y\
27
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1961
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27
1961
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29 Vt
29%
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27%
1
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...
(US»
21%
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25V4
29%
M-S
Estonia (Republic of! 7s_—.1967
French Republic 7s stamped..
1949
7s, unstamped
.1949
Greek Government—
>
v-> •-/
A Assent lne
24%
27%
-—I960
(Rep of) 7sju._.
(Colombia)
29 ¥4
M-N
A
Mendoza
21%
25
.
:^\;r
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1969
..
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27
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24%
1991
f 1 bonds
//^•:: 6%S 2d aeries.:-.
29 Vi
21%
29 V4
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(Rep of) 8a
26 ¥4
21 ¥4
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—.—1961
.
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16
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13
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page
25
21%
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.
67
61 ¥8
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15
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27
■
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61
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29%
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A Assented
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113
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;
1
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Series No.
77 U
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i
Stamped pursuant to Plan A J
(Int reduced to 3.375% )
11979
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2
99 VB
96%
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68x788^
7r 63 "
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96%
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Series No.
101
-
29 ¥a
24%
M-N
——1957
63
24%
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1955
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W1962
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i A 1st serleirSVis of 1926.
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_1940
.
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/
(Int reduced to 3.5%)—
-1978
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18
14
102%
63
A-O
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120'
,
102
97
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J-D
1957
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109
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-
7
; 7 30% : 32 7
'7-.3ts, 7.31%'
.
101%
.
29%
29%
29%
M-S
1963
1928
3s external
102
63 %
A-O
(Hukuang Ry) 5s
(Republic of)—
Of
114%
101 Va
26%
«
—1963
assented-
of
lll¥a
8
•V'/y'
24%
/
1969
-
> A 6Vis assented
^—..1961
AGuaranteed sink fund 6s_
1961
36%'
101
69
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r-
2
■
^
36%
31%. 31%
5
"
104% 105%
: 102
7 Stamped pursuant
to Plan A >'
/
.(Int reduced to 3.375%)——1979
r—«
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27
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1959
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M-N
-.-1959
36%.
101
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——1947
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1946
79%
109 "V"109
26.
i
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597/a
'
29
—1969
assented^.;.
112%
M-S
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I a Denmark 20-year extl 6s__
31%
.--1956
%. 3%s
1961
78
110%
29¥a
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__
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M-N
•
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No.
125Y8
74%
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29
J-J
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1961
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96
—
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'
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/ .Jan 1961
6s
Vjjixrexternal; debt
36V4
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.
,
90%
95 Va
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1914.
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■
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5-.V—::
—'
myym
(Commonw'lth) 5s of '25-1955
(Central Ry)
120%
135
s 101% 102%
102%
:
■
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•
Apr——1972
8 f extl conv loan 4s
7-A7s
4
93 ¥4
'
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114
A-O
;
88%
102
$
--
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-Feb
6s
114
102
94 %
19
6
111% 112%
■■7.,
87
;
74%
*70
'Viwiw'U,':-5:Via
■
M-N
—1960
—-1960
.Feb: 196)
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(Colombia) —
1st 6erlesi____1957/
f 6s.
f 7s„—
a
a
A Czechoslovakia
mt-as
93
86 Va
21
M-N
A6V2S assented
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01 Va
'
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A Public wk«, 5 %^^—^..._..^1949^
8 f external -4Vis--—
| A Brazil
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,
A-O
93
j-j :
25-year gold 4%s
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89%
95%
47
\
:
124% 125%
,
88%
112
—1943
f 7s.
s
Sinking fuhd. 5,%»—
•fl-f conv loan 4Vja■ 1971
S f extl <onV loaa ds Peb-i-H^1979
External s
102.17
Wertheim &. Co.
(City) external 5s_——1958 7
(Natioiiai Government)— -
s
101.31
101.17
I /Member* Niw Yerk Stock Exchange..
120 Brca jw atw Yoifc
P-A
90
J-J
1948
Copenhagen (City)- 5s.
:
%V
90
87%
89%
A-O
1961
ASinklng fund 7s of 1927..
.AExternal sec s f 7s 2d .series^ 1957
-AExternal sec sf 7s 3rd series—1957-
External
101.30
20
•
AExternal s f 7s series D_.—
5s of
7 2
Foreign Securities
(Dept) coll 7s A
1949
x f 7s series B^_^___^.1949
:AExternal s f 7s series C._.:.y_1945
External
104.29
A6s
—1947
I AQtd■ sink fund-6sv
,
•,
:„i^l94P^
Akershus (King of Norway) 4s___19fl«
A Antwerp
104.10
A6s
_
95%
877/a
1
—
.1954
assented-
AChinese
sink fund 68-^—
A External
J-J
19
AExternal Blnklng fund 6sA6s assente<3L-i
104.14 104.26
.
124%
M-N
1960
assented/
Colombia
•
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6s
A 7s
Agricultural Mtg6 Bank
Argentine
102.15
A-O
-1984
fund 6s
sinking fund
A 6s
101.31
102.12
90
-J 978
AExternal sinking fund 6s_
103.30 104.14
107.16
101.31
A
'
.—....
Fereign-Oett. 4l 8tanIclpal
J 7s
*107.14
89
F-A
1976
A6s assented
103.22
A 6s
REctor 2-2300
s
>»
.
2:
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AExternal
V >•:»«;
103.27 104.3
104.30
MS
.1949
sinking
ARy external
Issue—
fltock
Z% -Corporate
1977
1970
2
A7s assented.
A6s assented
AExtl sinking fund
A 6s assented
AExtl
.
__
(City) 8s
(Rep) External
AExternal
City
New York
Unification
104.24
J-D
"J-D
f 4%-4Vis
external aft bonds
AChlle
^
*104.28
J-D
104.24
*104.22
-u
104
•95% 110
,
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f
102%
1981
s
ACarisbad
103.9
103.7
104.6
104.3 ft*
*104.14 104.16
X-L.'-
J-D
Treasury 1%S————^.June 15 1948
IViS
1950
Treasury
104.3
■
1951-1955
June 15 1952-195*
2s—
Treasury
—
1950
(Province of)
stamped
3%
103.20
103.9
77
*103.29 103.31
-
102 %
105.4
103.23
*103.24 103.26^
M-S
102 Va
100
105
7X01.4
*103.21 103.23
J-D
March 1950-1952
-iii-Sepf 1950-1952
Treasury
Treasury 2s
Treasury
'
102
Refunding s f 4%-4%s
External readj 4%-4%s.
External s f 4%-4%s
100.29 103.21
5
*103.16 103.18"/
M-S
•
^
Treasury 2s
Treasury
Ri»p 1949-19B1;
--nee 1949-1951
L
;
J-D
*101% 102%
*101% 102
*102
103%
106.11
106.20 107.4
25
103.7"
*103.21
__
1957
106.8
J
J-D
1949-1951
7
62
/ 60%
1958
s
106.9
*102.14 102.16
*102.9 -102.11
-
30—
Canada (Dom of) 30-yr 4s.
25-year 3 Vis.
2 Vis
jan
103.6 7
62
f 5s_
'A 6s
108.30 109.15"
__
63 ¥4
60%
'61
External
101.15
61%
60%
—
101.16
106.31
-103:7
y.
M-S
(City)
Buenos Aires
.106.8
106.4
103.6
29
63%
Sinking fund gold 5s
Sinking fund gold 6s
* 7 *109.26 109.28
*106.29
J-D
1948-1950
Dec 1948-1950
28
*-
28
No.
Brisbane
107.5
107.24
-.J-D
1047-
■
7
No.
Series
63 %
62
60%
27
Series
60%
26
No.
102.11
;
*106.2
J-D
J-D
No.
65%
61
102.11
;
109.1
105
Series
Series
60%
*61
102.22
-
7
*107.22
1952-1955
Z"__"Mar
107
„
106.llr
104.27
25
3Vis Series.No.
107.15 107.15
106.19
*108.31
24
3 Vis
106.25
104.29 105
•
23
No.
3Vis
■- -
118.15 118.23
107.8
106.11
No.
Series
Series No.
3Vis
.
-
104.9
104.30
.1956-1959
Treasury ;T
/
63 3A
Series
3Vis
;
106.9 .106.9:
106.8
106.8
M-S
.1954-1956
:
____
2sII
Treasury
7
60 Vb
106.25
106.8
J-D
iqsi.-:QRI
•••'f f-fC-V..
Ob
Treasury
Treasury
!
61%'
109.22 109.22
103
"
MS
•
1959-1962 v
Treasury
Treasury 2 Vis.—^-^.--.iDec 1959-1962
1.
63 Va
106.25
J-I)
;
2 Vis
2%8
*
613A
60%
106.11
MS
i
Treasury
Australia
60 Va
61
12
107.16'
*107.6
June 1967-1972
2 Vis
Treasury
.
61
61
*106.9
•
J-D
1965-1970
Treasury
7
60%
22
"
1966-1971
Treasury 2%a—....—..Sept 1967-1972
Treasury 2Vis—Dec 1967-1972
,
61
21
No.
*106.23
J-D
Treasury J>%8
Treasury 2 Vis—
AGtd
60%
No.
3Vis
*110.10 110.12
J-D
'/ft
Series
.y- :~-2' : ~
*107.16 107.18
^1963-1968
♦61/;:'-
63%
63
Series
•IO4 2O 104.22 '
*106.15 106.17
-June 1964-1969
1984-1969
61%
60'/a
63
♦61
3 Vis
•
J-D
2 Vis
61
;
3Vis
.2
.1948
.1949-1953
2 Vis
—
19
No.
High
60%
20
Series
3 Vis
'•••»
2%S_
2 Vis
Low
No.
•
-61
3Vis
2Va5_-
*107.14
High'
—
,
I8r
No.
Range Since
January 1
Sold
111.18
118.15
118 15
17
3%s Series No.
104.6
116.2
*116.20 116.22
M-S
series
low
,
(Continued)
No.
Bonds
Bid & Asked
115.13 115.26
111.15
7
'
J-D
;
Week's Range
or Friday's
Last
Sale Price
3%s
•
*116
__
Friday
Interest
22
115.14
*109.21 109.23 /
-
..
Treasury 2 Vis
Treasury 2 Vis
Transit
■
M-S
y/y■'
■/:
21
111.14
*115.12
*104.4
MS
^ j-n
..1951-1954
2%s.
..wi-joo.25 101
100.20
*111.12
MS
..
2%S
3%s
100.20 100.30
-
7
*100.18
M-S
1955-1960
.
I
Series
Of
„
'
bonds
$
3%s
108.27
*108.25
1951-1955
-
27/aS
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
7 External
|
100.2
*
Period
Bragil (Continued)
Cw
.
'
15
►*
7v7'2
High
100.2
..
BOND 8 77
New York Stock Exchange
'
;
,,
;
100.20 100.20
J-D
low
J.:*A•'.); ,vCr
_.yy\
-
Range Since
'January 1
Sold
..
IS46-1948
Treasury 3s
105.28
-4 *100-
.^
J-D
t
1949-1952
High
105.26
*
■#/
,
Bonds
;
No.
Low
Treasury 4%S-
'
disregarded In tne week's range, unless they are the «n*iy ,
No account is taken of ouch salee In eompntini the range for the year,
FOR WEEK ENDING MARCH
FridayWeek's Range
Last
or Friday's i
Sale Price ' Bid & Asked'
1
Period
•
are
The italic letters In the column headed "Interest Period" Indicate in each case the month when the hands mature- '
vy
1449
,
Teletype N. Y* 1-971
THE COMMERCIAL & FINANCIAL CHRONICLE
1450
NEW YORK BOND
Monday; March 18, 1945
RECORD
RANGE FOR WEEK ENDING-MARCH
15
-V-
-•/
dealers, banks, institutions, lawyers, executors^ and
To
individuals, we offer our services for quotations oil
Railroad Reorganization
OVER-THE-COUNTER SECURITIES
Securities
'h:%
H. ». KNOX & CO.
•
Sj
,**-•.;>
-
,v
*Y„'
*
Broadway, New York 4
Telephone: Digby 4-1388
v/:;y .Teletype: NY 1-86,
11
>•
^
4
PFLUGFELDER, BAMPT0N & RUST
*u
''
"27 • State;
:
V*
1
'
Members
Telephone: Capitol 8950
Teletype: BS 169
'i
;
61
York
New
Broadway
1
:W
,
ESTABLISHED 1926'
Telephone—Digby 4-4933
r
;
BONDS
'
'
Stock
York
New
Interest
Exchange
Friday Week's Range
Last
'■> - or Friday's
Sale Price
Period
<
r
BONDS
Bonds
Range Since
Sold
Low
No.
High
New
York
Stock
.
.
AAssented
1954
to. Nov.
5,
1942,
5,
1942,
4s ol 1910
AAssented
to
SATreusury 6s ol 1913
•//■
AAssented
Mlnas ueraes
to Nov.
(State)—
ASec external
•
High
•
1
.
,
73
AMontevideo
A6S
t;
44
M-S
tClty)
Wales
7s
External
tund extl loan
sink
4s
1963
Oslo
•'
46
40
--
■
,7;/ "j **-7'v;*;
»•
•' f!
V-V]
1
f
■
<■■■.•''
5
101%
103
101 Va
103%
T<
103%
107
105% 106%
9
103%
F-A
extl
(Rep)
Ext
f 5s
8
3%sext
APernainbueo
102% 102%
AL1963
(State of)
M-N
101%
M-N
101% 102
101%
3-D
*98% 100
99%
£.1967
M-S
1947
M-a
7s
*
loan extl s i 6s 1st ser.
ANat
"•
(Rep of) gold
Vis assented.—
■+3-D--:
IQfll.
'
25%
26%
129
25
25%
26%
90
;;>l7%i
A-0
.^*32%--".r::-
A-O
AForto Alegre (City of)
8s...1961
Stamped pursuant to Plan A
•
tJ
(Int reduced to 2.375 %•)———2001
.
AExiernai loan 7VaS
18%!
26
26
26
24
35%
20
19%
.'i
43
42a
442
;44
44.
45
' 42
'>43'
43
,*43-
44'
*39
*70%
Queensland; (State) extl 6s
F-A
1947
(City of) 8s——.1946
Stamped pursuant to Plan A
(Int reduced to 2.375%)—^2001
A External
102%
102%
48
48
1
........
A-0
*41
56
F-A
6%s_---£-..£.£..1953;
Stamped pursuant to Plan A
7 (Int reduced, to 2%
..2012
IU0 Grande: do Sul, (State of)—*,
44
45
P-A
41
42
A 8s extl loan of
1921—..—.—^.1949
Stamped pursuant
to
A-0
■j,
-*42
*44
J-D
*36
It-N
44
44
44
*38
.
;•
vv
M-S
———1952
Stamped pursuant to Plan he
(Int reduced to 2.37S&)—2001
Af-N
SASan
^
(City)
Paulo
8s
A6%s extl secured s f
95%
95%
(State)
8s
1936
Stamped pursuant to Plan A
(Int
reduced to 2.5%)
.
J-J
1950
Stamped pursuant to Plan A;
J
(Int reduced^to 2.5% )i--—1999
A7a extl water innn
•
A As extl
dollar loan
JASecured
s ■
f
A8s secured
v^
External
Af-N
—
;
,
Af-N
:
'
■
Adams Express
F-A
14
14%
Coll
trust 4s of
.—1947
1907
Alabama
Great
Southern
Power
1st
3%s_
:
3 %s_.—1967
Alabama
■
mtge
with
warrants
F-A'
10
A-O
For
footnotes
1975
see
page
1453.
ser
J-J
102
J-J
105
101
104
-9
102%
103%
20
98%
104 %
13
98
105 Vai
69
105 %
A-O
H
104%
1951
-
.
<•
v
*102%
19
A-O
131% 133
130%
133
3-D
A-0
*101% 102
101%
101%
*103
102
102%
M-S
1967
•-
108 Va
106 Va
106 Va
£•-
106%
106%
80 "4
100%
104
106% 106%
6
*106% 107
101%
101
101%
.,
80%
81%
M-N'
-*
105%
107%
12
*108
/
•
M-N
A-O
J-J
■"
102%
105%
105
J-J
1970
I
f debentures
«
62
81%
a—-,-1
P-A
:
of
75--
79*
105%
1
106%
106%
*105%
105%
106/?
106Va
106%
12
106% 107'
106%
M-S
lb7%
106
107
105%
106%
{
89
50%
91%
48%
57'
54*
55*
.<
I
y-
1
—
104
A-O
1952
85% "
"
v.
vy
^
'
J-J
10T
~7
100% 102
A-O
-I960
f
122
91%
50%
90%
If-»
*
.
—1955
;
85
104'/a
106% 106%
Af-N
F-A
Af-N
30
deposit...
gtd.—
81%
76%
104% 104%
55£—t—A-O
Consolidated,".-Bis—
105%
98
8
107%
102"
104%
107%
fiV? '.:;.rv;V?X
13%'
^
.
_
21
Guaranteed
.
A-O
17%
20
tl^Carollna Central 1st gtd
Certificates of deposit—
5-
102
'
104
Cart
93%
95%
14
15
v> 93
■;,,!€
86%
253
88%
93%|
:•
87
13
95%'
86 J
85
89% i
90
95 I
83
83
A-0
.;-y'
18
15%
Adir
1st
4s.--.1949
;
y
17%
A Ref & gen
A Ref
v
&
gen
.M-S
F-A
Ohio 4si..il.J.»1865;:
;A-01|
J-D
;F-A.
M-N
.A-0
A-O
J-D
J-J
5 Mrs* series B-i.--—1959
1959
5s series
AChatt Div pur money
gold 4s—1951
*'A Mobile Div 1st gold 5s_—i
1946
103
1 K
108%,
-
108
-.
100
101%
101%.;
£^'
105%
1053/4.:
29
107
108 Va
Central N Y
100
,
•
-v>:
108%
102
v
/-
102 %<
Central Pacific 1st ref gtd, gold
101
105
100 Va
101
100
101
103%-'
6
103.
.
105 Va1
„y
;. J,::
8>-
*99%
..'115% 115%.
99%
r;VI 6
114
.
>■
i
tACent New Eng 1st gtd 4s.!
£1961
tACentral of N J gen gold 5s
£1987
('A5s' reglsteredT »....r.£-£.lii.4l987
AGeneral 4s..l..
...^£^1.
.1987
4
Guaranteed
1st & ref
:•> " '
r
gold
series A
(4%%! to Aug 1
5s
1153/4
1153/4 116%
>J:
.
1960
1949 )_£
,
-i
124
123%
114%
116%
1
'
y
101A
102%
A
/ 4; 24-
108%-120 %
-,.4
-,'.v.;
V.
v
-VW*»
'-••W
—
—
,
*107% 109
.%
'
106%
-
.
•
1974
:
91
—
'/ ;.'V
'
;
23
,25%
V
99 Va
26%
743/4
18
27%
23%
.
*
96
106%
87
27%
22%
26%
76
.76%, 76%
81
4
'
37
1
40
40
—
,../•/95;,.■
41
V;
108
108%
16
100%
1053/4
59
44%
61%
48%.
115
423/4
60%
"45%.
31
393/4-
56
T08%vl08%
*
105% 105 Va
483/4
„
47%
4
50%
44
49%
v; *44,
.
50,
50%
.s
107% 107%;
A-0
IO83/4
1083/4 108 7/B
F-A
106%
106% 107
;
■•
91
106%
'
;
/
.90%.
106
79%
26'/a
76%
'
c
.
105
78%
78%
88i
105%
2
91
V V, V
"-iV 4,104
26
14-
106 Va 106%
/
108
107%
— —
♦88%'. 91
•:v„
; ; ; ,F-A
4s_1949
n
/
119
122%
22
>:
120. V* 120%;.
V
117%
121.
•4')'
101A-101A
120%
125
125%
116%a118*
-3*
118-:'
122%: 122%*
-4
...1974
U:
t 21-'
116% 117V4
118'
t.3-J
registered' £.£££.£;£^£-.££l987-^v.;<.^i££&'
100%;
116, i
J-J
J-J
'.
Power 3s
118%
122
19
*1233/4.124%
i
104%
103 ?■■
;
'
V
*
:
.A-0
Light 3%s"—^...u.1966
109
'
iii%
107%10»>
8
y
124% 125%
f
*4-' "'
%
■
.123; '/
'*120
V
'
gtd gold 4s___..—1981
105%
3
.
.
?■ v
debs-£—.->i.-—-1365
A Cent Branch Cp, 1st gold 48.^.1948
tCentral of Georgia Ry—
"
'1
f\
:■
Alst mtge 5s«£^,....^.^,4£N0Vtl945..
f.Vk | AConsol gold 5s
1
..1945
21%?
15
&
f
Cefanese Cprp 3a
5
i
21
*104% 108
.
deb stk perpetual..^—
Carolina Clinch A
101% 101%
.v
Ry 4%
J-J
A-0
F-A
J-D
F-A
J-J
:
^4
'
gold "4%s...—1951
deb 6%s.l—1946
Can?Pac
/
Canadian Northern Ry
25
.iv '"" c-/,y',
Central Illinois
103
V'
gold-4%s——^1956
J-J
"J-J
3-D
108%* 109 V
..
4:108;'/108
M-N
A-O
cons
20%'"
8
.*v
*108%
A-0 '•
'
3"%s—l..—1974
gtd; 5s A.—J 962,.
Canadian?National gold, 4%a£.—-£l957 "
Guaranteed gold 5s————OCt;X969' ,
Guaranteed gold'5s.£.£——1—.^1970
"Guaranteed gold 4%s.——..~—1955;
Oregon Power
{ "»
*104%
A-O
mtge 4%s
s
Calif
64
'
Gen
1951
1951
24%
108% 108%
J-J
—1948
assented
Albany & Susquehanna RR 3%s_—1946 *
102% 103%
103% 103%
"
*15
M-N r'
,.
103%
J-J
4%s series JJ
Canada Soutnem
54%
76
*10%
—
M-S
—1948
Albany Perfor Wrap Pap 6s
6s
1972
88 Vv,
103
c
59. ;
17
102%
*81
4:1—
J-D
H
—1946
10-year deb 4%s stamped
J*-J
59
71%
■
18
C. 92
J-D
■y
96%
-.91%
11
,/
i
coll tr gold 4s__.—1948*"
101%
101%
1959
1st 5s A C__
BuSh Term Bldgr 5s
64
91
—
'}.£■. F-A^
—1953
98%
75%
28
M-N
Callfornia^ iied BoWr 3Va8£——£-1968
li
,-i 35
89%
93
Companies
stamped
A
295
106 % 106 %
;
series
83%
101 % 101%
Af-N
:
tAbitibl Power & Paper—
§ A5s
194
80%
82%
'
88%
J-J
1958
—1958
Railroad and Industrial
F-A
1951
Bush Terminal 1st 4s
y-:
95
,4
F-A
v
174
95 «/4
Corp—
^Certificates
'
«
Af-S
mtge 4s series RR.
c
*100
V"
92
i
M-N.
1984
96%
94
-
1956
2%s
^S^lst &'coU
*100
r
J"D v
f
99*
102%
93%,
95
94
4
*100"
r."
Af-N
—1978- 3
external 7s
(City)
2000
65
•X':& ?4%
13%
*13
102
£.
Af-N
4
97%
106% 106%
70
54
17%
—
F-A
P-A'
1979
A4%s assented
■;:?
J-D
J-D
.
-95%
100% 102%
(int at 1% to
tBurlingtort Cedar Rap & Norr-'";;
-.VLVjJ."
13%
i-.
Af-N
.
1960
3Vis extl readjustment
A Warsaw
3
68
.
—19781
4-4%-4%s extl readjustment
Af-S
215
-
*
m
65
60
101%
105
92%"
F (int at 1% to
Guaranteed
—.1979" ^
extl conv—
3-D
102%
260
97%:
Buffalo,.Niagara El 1st mtfee 2%s_1975
Buffalo .Rochester. & Pgh Ry.—Stamped;; modified, (interest
at
' 3 %to, May if 1947) dueij-J—1957
69%
60
43
103%
95%
107%
M-S
39%
57'
103
96%
104%
_£__.._1969
4s
4143
>.a.
103%
27
104% 105%
A-O
.
98f
37%.
105%
J.-D
.
($ bonds of 1937)—
conversion
3%-41/a-4JV
29
95%.
75
gvtfj nal sink fund 6s^——1964
External readjustment
:
-
40
39
*54
^
*65%
'
;
36
59
*72%
1QS«
h ^F>le» nal sink fund 6s—.—.
4 4% %
■
A-0
Sy'rrv 'City) a 1 5%s
——
1955
Atm^Uajr'(Rfepdblic) extT8s^-^.—19464
y
36%
55"
Jt-0
-
^,—1958
A4%8 nggenteri
3
59
59
J-J.
—1962
of), extl 7s
A-O
:.1961;
1960
(Aincmtge 4VaS ser A-'i——July 1970
t&Boston fr N* T Air- D 1st4 4S£i*£-1955?
Bklyn Edison cons M 3%s
.1966
Bklyn Union El 1st gold 5s
...1950
Bklyn Union Gas 6s series A—.1947
Gen mtge s f 3%s
—
19.69 '
(Kingdom)-—
externals
Steel
mtge
1st gold
; 1st
) «
v
.
A7s series B sec extl..———1962
5 i
g
64%-
*57
4
J-J
,
7s—j———JL940
38%
.
.
11st M Ss series II——•——££.1953
44-;:y 45
% 3
71
V i
3*3
Stamped pursuant to Plan A
(Int.reduced to 3.5%)—1978
A Silesia- (Prov
Cons
42
36%
'
*61
•
-
,
w
ser
Boston & Maine
69%
.
(int at 1%%
'
1946) due—
.1993
debentures
:2%s
47
65
.
1
;
Telephone of Pa 5s series C—1960>' \
Indus Loan 2%s
1950
Bethlehem
41
64 Va
.
M-S
..
1968
Serbs Croats dc Slovenes
*69
46
*104% 105%
J-J
-
*: 3-3
,..
inxa
:
;
J-J
Stamped pursuant to Plaa A'
*
(Int; reduced to 2% )£,.—2012
;
42.
■
*63
.
Stamped pursuant to Plan Av
'
r(Int reduced to 2.25%^.«*.200«4;
^
-,"i
43
69%
'
42%
35
13
46
36
;!
c
;
Beech Creek Extension 1st 3%s
1
—1999
external
A8s
J-J
.
45%
*34 %
45%
J-J
^^.1966
debs
Bangor & Aroostook RR—
Con ref 4s
Bell
-
*37%
,
Paulo
45%
45
50
43
Stamped pursuant to Plait A
(Inti: reduced to 2% )—*.—2012
|A8an
50.
38
4
95%
•39
Jf-N
1957
117%:
*103% 109
J-J
—1948
..—1948
i,
Toledo Cln Div ref 4* A
__
*47
:
112
112%
8'west Div 1st M (int at 3%%
to-Jan I 1947) due——£——1950*
'
40%
42%
*40%
Fe external sink fund as.;—1964
Santa
'
103%
45
:
42%.
*42
Stamped pursuant to Plan A*
(Int reduced "to 2,25%)—-2004
109%
49
Sep 1 1946) due.;
1996
due—
———Feb 11960
41
■
■
J-D
.•;7.A7k- municipal loan——1967
>1'"
31
113% 114
Pgh L E & W Va System—
Ref gold 4s extended to
-
.
85
40
40
Stamped pursuant to Plan it"
'
(Int reduced to 2.25%)—J2004
v
i:.
42
42'
:
107
111% 111%
113%
A Conv
;
'
46v'.:. ir
J-D
Stamped pursuant to Plan A
J
(Int reduced to 2%)
2012
A"7s external load of 1926I«.!^£^.1966
104 Va
111%
J-D
|j 4s stamped—T_
J.
*42
•
128%
r
Plan A
reduced to 2.5%)s.^1899
| A 6s external sink fund gold1968
124
125 Va
M-S
Beneficial
•
(Int
j
124
*128% 130
M-N
ser C
1
Ref & gen
45
-
45
"4
;
,
:
*127%
3-D
:
.4 8ep 1 1946) due
v
;
.v
10fc
131% 139%.
40
M-N
i
Ref & gen ser D
V
;"24U
102
18-
-
see
4
■80"
80
102,
A-0
105%
>107%
138%. 139%
'
'
Janeiro
138%
.
..
to Dec
,.
*38
1966
103%
1
—1963
4s—__July 1952
Line
Ohio RR—
&
Ref & gen
&
32 Va
Af-N
.
.<2?
32%
J-J
Oi
30%
18%
Stamped pursuant to Plan A
(Int.reduced to 2.25%)'— >-2806
APrague- (City of Greater) 7%s
1952
A Rio
30%
4
19%?
19
*17%
3-D
96
100
8
Nov
mtge gdld 4s
£
July 1948
Stamped modified bonds— / ; >:
r 1st mtge4: gold
(int at
to
•
i
Oct. 1: 1946) due
——July 1948*
Ref & gen ser A (int at 1% to
C " H Dec 1 1946) due
—..—..1995
-
J-J
92%
7
96
•107
107
A-0
list
'
18%
J-J
:
—1963
,
„
96
103% 103%
B
33
:
25
«.^1947
Tund gold 8s—,iil950
105%; 106%
A———1964
cons
Refining "2%s
c.-xi-*
■.
42
26V'4
26%
A4Y28 assented.——.—1968
A4%S HRSpnteri
30
.
mortgage" 4s
Atlantic
A-0
A-O
.AExternal sink
106% 106%
102
39.;; -4<fc
32
1958
^Stabilization loan 8 I
1
1
39%
26%' 27%
26
:\A-0?
1940
6s
106 %
100v
42
42
39%
r
1st
unified' 4%s
/(. Baltimore
27%
105 Va
—
42
M-S
1960
ANat Loam extl 8 1 6s 2d m»r
§APoland
A4
Second
*105% 41
ins
APeru
103%
M-S
194b
Atlantic & Danville Ry 1st 4s
102%-
101%
1963
Stamped pursuant to Plan A-. ^ '■
(Int reduced to 2.125%)-.
.2008
1 Rep ol)
external 7s
1959
-
__
1994
ser
to
24
Ry— '
Air
mortgage 3%s
General
j
rel 3%s series B.
sec
1st
1st gold 5s
Charlotte
&
Atlantic Coast
100
99%
A-0
Atlanta
106%
103 Va' 106%
2
104% 105%
*101%
J-D
1959
A Stam peer assented 5s_
Stamp mod
Atl Knox & Nor
11
103
1970
sink fund 4%s
(City)
APanama
1 5s
s
107%
105% 105Va
*
Q-J
"
Municipal Bink extl
103%
105%
Jan
1st
gold: 4s
—.1998 .
(HI)—
{1st-, mtge- 3%s series E_p.--*.i.i.-<_1964..
Atchison Topeka & "Santa -Pe—. i >
General 4s_.
i
1995
r.
Adjustment gold 4s.—^July 1 1995
I f. Stamped 4s£..—
..^.July 1 1995
105% 105%
106 Vo
A-O
.51
Ann
102% 102%
M-S
,
107%
Armour d? Co
..
__
103
103
87
107
40
39%
107%
103
107%. 107%
107%
A-O
■»■.
—
; 40
10'
li&Vt 153%s
"
107%
46
3s.t—«*.«-»*. 1982
—
*120
7 A-0
4%s,i..i;-£-1965
fund
sink
^2
.
'
*120
F-A
.^..1958
£
(Kingdom ol) 4%s4*4--*«1956
Norway
40
J-D
-/ las1?.
f 5a.£~.
s
46
46
166
151%
F-A
J3s debentures
i.1969
A Anglo-Chilean Nitrate deb——.196';
(State)—
External s 1 as
External
44
148
A-O
■
Amer Tobacco Co deb
Arbor
136":
,$ 107% 108%
A-O.
......1.;.—*.1975<
39%;
43%
108
v
148%
44
1
44
44
M-N
Af-S
High
Low
100%-102%
107% 108%.
*102% 105
—
M-S
.-.1958.
c.
January 1
Sold
No.
;
:;vX2%sVd^ehtute^.^..i-|ui«.-^A.-;-J9801'
•
1952
A-C
rr
r
M-S
debentures
conv
.2% .■ debentures'
1 *38
A..:,... IQ59
series
New Soutn
.
3s
>24%
to 2.125% j.^2008
reduced
Alleghany & West 1st gtd 4s——1998.
Am & Foreign Pow deb 5s^
...2030
American Telephone & Telegraph Co.—
J
ASec external s f 6%s.£££L4^.4l959;
(Ir»t
•
*18%
1958
V Stamped pursuant to Plan A;.
18%
i2y4
,
Range Since
Bonds
Friday's
or
Bid & Asked'
Sale Price
W:[JVXoto -j.High.
13%
io%-; iiv*
18%, 18%
14%. 15
y 14% "14% ■ '
.
Stamped pursuant to Plan A
V-V
(Int reduced to 2.125% )___2008
'
*ir "
18%
-
.
.
1942,: agree
V
is
Last
Period
12%;
*12%
J-J
1933
i 6%s
s
',
fe
1945
agree
assent
5;
:
■
agree
—
Nov.
J-D
Teletype—^NY' 1-310
Friday Week's Range
Interest
Exchange
January 1
Mexico— (Continued)—
AA'SSeuuua 4s ol 1904
Bell
,
x
.
r
«
Bid & Asked
Low
1
-i
i
A Assenting
Exchange
New York 6
'
x*
Stock
'
16
;T
.
-13;
23
107
;
.
1085/a
; 105
•
52
108%
110
107
•.,;
i
F-A
,112%,112%.
112%
113: V
Volume
1451
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
163
N EW YORK BON D RECORD
RANGE FOR WEEK ENDING MARCH IS
Friday
,>B.O NUB */ .'77//
Slock
York
New
Exchange
.
Interest
Period
g?
Weed's Rang*
or
y■; Last
7 Sale Price
„
Friday/ Week's Range
"
Low
Range Since
Bonds
Friday's
High
January 1
Sold
Bid & Asked
low
No.
7
,
ZZY'''
Banking Co¬
stamp (partial; redemption)
.1942
Champion Paper & Fibre deb 3s—1965
*48 y4
tvnesape*ute a Ohio My-r<*)
.
P-A
v
•
>'
a-q
.1958;
,•
1st & ref 4%s aeries B__
i
1st & ref mtge .3'/a S—1985
1st & ref mtge 27/85——— i~1970
1977/
119
-F-A.V,
119
'
P-a
r
Chicago A Eastern 111 RR— ' v <
7
AGen mtge inc (conv)_
1997
1st mtge 3%s aer B
1986
Chicago fc Erie 1st gold 5s___
..1982
Chicago Gt West 1st 4s series A—1988
102
g
102 7102%
•
79%
80 m
J-J
99
j*j
j-j
*
J-J
:;y-
*—
,
Ohio.
"vAO
112
•2r"*>
1956
22 Va
24
26 Va
110
4%s
conv
inc
set; A
B
ser
2044
2nd
mtge
inc 4%s_-Jan 1
conv
1st mtge 3s
106%
106
j-j*
1999
84
93%
;
89%
90 y8
A-o
61 J/4
■
-
1934
M-N
1951
/Gold :•
66
92%
g.
106%
J-J
1st mtge
J-J
G
587
/
5 A Debentures 5s part paid
coos 5s
Cine Gas to Elec 1st mtge 2346.
Gincinnatt^Union
•
Terminal—
,
;728,7<V'38%'.
100
J
V
jf-n
/; ~2-"-'?
60
107
16
104%
llOVi
107,
:: 5
•56% ;
.'OO-
-.
: 2i
108:.
,
....1991
j-d
*130
98
y8*
93
112%
106 J/4
111%
M
118%
-
;
.
97%
mtge
ser
P
92
:
93
—
/
89
82%
35
iii |/ 64; ;7g
57
7 116
121% 122
136 y8 140
127% 132%
"
2
'. 4
*106
j-j
j-j
r2
106% 106%
1 106 • 106%
j-j
Feb
..75
Feb
16
./i~
18
:
104% 107
J-
104'/* 104%
fa 6
106% 106%
7
16%
103
•
a-o
103
'
104
103
./■1
108%
*109%
jf-n
/
17%
•
103% 104%
105% 106%
102% 103%
6;
11
103%
103
;j-j
1969
7 15 ,;
300
A-O
.
a
17%
j-j
B
107%
109
106% 108
105% 107
*105% 106%
j-j
110
106%
106y8
27
106% 106%
106%
109 >/a
10
109 A;
109 A
j-j
■
41
I
102% 105%
"
139Y8 139%'
132% 132%
j-j
.
^
7
A;
121% 122
121%
J-J
___1970
"
105%
105
*102%
j-j
1977
L
7
j-j
;
Genmtge 3%8 ser N^...»».^1990
Gen^totge 3%s.ser O-^^4^jj?000
AGreen Bay & West deb ctfs A
ctfs
*~:77
;'v
Af-n
ser;,K^ii^^i960'
3%s.
'•
j-j-,-/
m-n
*147%
•t.
U
110
;?H04%104%/
.81%
F-A
AAdj income 5i..»...MMMu.JB1eb 1957
A-O
41
98%
,
80
83
47
130
112% 113
75
; 80%
262
,3TZZ-45<:
81 Va
78%
Co Gas-1st
82%
.113%
77% ,"79 t
39% 42%
7
j-d
Hudson
140% 147
100V4 104%
100% 104%
,.4
/*103%' ^7,.
J-J
Hudson & Manhattan 1st' 5s A..1.1957
121
98'/*
,
64
98 Vz
*108%
li-N
St h Dif 1st coll tr .gold 4a.—#-1990
118
118%
j-d
;j-j
j-j
,
|;7 ■
H
112
8
;
88 Va
106%
104
y.'i.j. 7/7/7..
•
87%
87
j-d
Hocking Valley Ry 1st 4%s___.ii«JL99§-.'
tfAHousatonic Ry cons gold 58-^.JL937 ;
Household Pinaface Corp 2%s_.._.1970,
Hudson Coal 1st s f 5s series A...1963
107%
;V .j?/.;. *106% 10^/4 /
P-A
ww
j-j
"'*••*•
1st & ref 3%» series D___i_J..__1969
',/j.
p-a
90
1
85%
60%
103%
3
103%
100
780
105
106
♦105
.4
Gulf States UtU 3%» series D
103%
107% 107%
:77Sfe6'.;7
»/4
.
*112 7
60%
.756%
;*88K,100/
8
.
90^
.
/,
«'
-
-1 ■...
Greyhound Corp -3s debs—..-^-..1959
Mobile & Ohio 4s series B....1078
1
Gen mtge i»c-r5s series/A....
2015
111%
105%
>f 60 ,60,.
106 y*
■
4
7827777807 83 7?
7"*30/; .90
,....1969
1973
^.Debentures
1081/4
44
3
|||
j-D
-1
-Genimtga;3%SiiSer';M^^feii^l9807i
•
105% 106 Vi
a-o
1975
107
111% 111%
.,
■
131 m
*100
M-N
s
96%t 96%
23
\98V4 ;
107% 107%
107% 107% '
i
106
104%
.'+r"~
■7.'-.'*"**7
103 Vi' 7 103% 103
Af-S
19781
Gen
>102 "
106%
debs..
.' Genmtge 3
-
7
v
conv tnc
General 5s series C__
,
90%
106%
106
102 Va
■ :
*•"'
•
105% 106%
...
General 4%s series D.
General 4%s series E__
/
81
66
f
.103
,60t-60*:60M
a-0;y
.
»-
Ciu Wab & M Dlv 1st 4s
105%
a-o
1957
1952
v
-111%
m-s
1969
1st mtge, 2%s ser G.
1974
^Cleva-Ciu:Chic-k St Louis Ry-«*>-'
General gold *«-•:4 : ;,y rltj,r„„;
;tV.^General 6s.series .3^2^4^-1993*'
Ref & impt 4 Vi s series B4---A---1977
;;
107%
j-j
•^•,lst mtge gtd 3%s series ;B.
4
,
103
103%
*95%
J-D
1974
General 5 Vas series B.».»wi.^^l952.
72%
105% 107%
106%.107
.
j-j
:
com 4s_
—1952
-1st & ref 4 Vis series D—
.—.1962
tSAChilds Co .deb 5s part paid——1943
lAChOctaw Ok & Gulf
102
*106
;,'v
Gulf
Chic it West Indiana
m
97%
^
J-J
1963
„
.777 29
M-S
1956
Certificates of- deposit...^
92 y8
*
■
104% 1053/a
105%
Af-S
{SAGa Caro & Nor 1st ext 6s___^_1934
H
.;'tocome ,^34»4V4s;v-i;i^h—iUi-^1994v,
■;,|^cagO'i'Unibri:Btati<h^
; ■/
1st mtge; 3%s series P»>.
■777. 16
J-J
Goodrich (B P) Co. 1st mtge 2%s. 1965
Grays Point Term 1st gtd 5 s
1947
Great Northern Ry Co—
:>
*101;
J-D
Chicago Terre .Haute is.S'eastem Ry
1st & ref M .234-4'As^
:
1994
i
14
7105% 105%
M-S
gAGeorgia/A Aid Ry gsfeiOct 11948/ 77 J-J,4S
i
Certificates ot deposit j
;.//■/ '7/;/-•/
-.89%' 106 !/a
■
,
A4s
97'/s
^ 59y2
...
140
38
*100
j-d*
$ LL
"2J
*106%l
I
G
65% 771
6.43
71
35Vi
;
4
64%
08
106
106 /■ 106%
j-j
Gas Ei Blee of Berg Co cons 5s
.1949
;G«nerai^Realty yfe Utilities •Qjrp-i*- •
96%
93%
143
92 %
-
59%
p
108
A-O
.1959
I06V» JU)6%
vVf.V"
30
.102
I
36%
-
j-d
_1960
1
67 V*
M-S
..1952
3%su^-^—^i.1951'
•/TMemptoa Dlv lgt gold 4s——.1951 •■-
.
V
..
M %/
68%
p-a
,
deposit—4.——
Chicago St L & Siew Orleans 5s
...
;»106%
j-j
ACertiricatea->of
IA Refunding gold 4sZ
i A Secured 4%s series A
AConv gold 4%s..____
102 JA 103
109
86%
204
97%
96%
Vi
127
100% 102
|;77l6'7
101% 101%
103
'■
107%
334
|
106%
117%
30%
//■/
^ i".
.
AGeneral 4s
v:
;
97
.
j-j
Railways 1st 5s stpd
25% partial redemption——1927
; {Chicago Rock Island A Pacific
Ry—
4
101%
j-j
..1971
Francisco Sugar coll trust. 6s
26 y8
1051/4 105%
103% 107%
.106%
92 Vi
-93
J-J r
seF'B^L.^i^^.i.^^1989
{(AChicago
j-j
Af-N
i.
64
105% 105%
Chicago & North Western 'Ry*w-. v ■.
:
Diy 1st mtge 3y48
1
12
105%
j-j
Jairi 2019;
Jan 1
1963
__2015
j-j
122
24
13
z'Z,1- ^ 'V";
110
j-j ;
——1994
157
105%
*122
a-o
{Plprioa East Coast 1st 4%s.
A 1st & ref 5s series A
^Certificates of deposit—
131
iChlc Milw St Paul A Fac RR—
;fgSGeiumtge :4ViS£inc:
;M Z77/i;7.124% 125
/:/77:;i//:
a-o;
1943
115
; ;
205/a
10
/
22%
j-j
106
1007
M-N
121%
157
102% 102%
106
106
Af-S
Wrestone; Tire At Ruh 3s debl. —..1961
;
■'¥-7-
-Z'/
V-
j-j
120 y*
17
7;
"... 77:7.;. W
*102%
j-d
{AFlorida Cent As Peninsular 6s
Certificates of deposit....
99%
83
75%
(
v
110%
—1966
1
*155
102%:
'•-.947
16
16
120
High
88
75%
99
128
_
low
77V-;7 "-*H
99% 77
7
list mtge. 4s ser A
J-J
,
Alst&^gen: 6a series Bcc^MMay 1908
Chicago Jnd & Sou 50-year 4s
/
•:
«v
•7
¥y -
ARefunding gold 5s series B—1947
:i947 '
series a__
•
80
ARefunding 4s series C.....
a gen 5s
/
,
7
75%
76 Vi
10
:7-f.
/
iarefun<lag6saera--—u'i*&.194t:;s
v
101% 103; A •<
v
83
*140'
M-N
:
; Y: J-J
mtge 4Vis
Jan 1 2038
{Chicago Ind & Louisville Ry— g
a 1st
106 %
109
102%102%
1.02%
M-N
•
AGen inc
i
119.
105
I
7y|Z
120% 120%
1MT
1st eons mtge'3 Vis ser E.
196%
1st cons mtgev3y8s ser P..
1990
/
1st conamtge 3y8s ser G.-.....2000
'•1st cons 2s ser
1953
64%
541/4
/ 7
-
Range Since
January 1
Sold
No.
High-
,
Geu jitge inc 4%s series a
116 y4
fov-Vs'-jM
—
Empire Gas A Fuel 3%s.
Erie ftailrtad Co—
7 135%
;;7'/4"7/
> ?'-;/■ 8 77
-
105% 105%
gold 5s
1^.long
107%
$
7~
7
..
1
1956
.1998
Div 1st 58.
cons
Si?
debs
-1950
Sfe v^^E5st Ry 3 V*"--1970
|l/ftSOAS W7ls«5s.^^^l06B
5a ■stamped.—
1073/4
135
306
118% 119
119
105
,.'ZV' 1043/4
»;
,
Bonds
Friday's-
JkJ.
V77.
7
603A
59j/8
60
j-j
—
2VLT«?n Vft 81
Ed El HI
144 v,-. 149%
-
,
*125 >/4
Sl'-.s
105 %
116% 118 7/a
|7 3 7;|
A
'4
*129%
j-J
f^.j^j^
1948
Chicago Burlington to Quincy RR—>v
:
*100%
or
Bid & Asked
'
15
'
105% 105%
105%
..
j-j. ;
i
Last
Sale Price
low
(NY) 1st
is
7
l05»A 105%
.105%
M-N M
•
t A Chicago A Alton RR ref 3s
t
103%
/, Jtuiip''.'r***:
149'/a
149
149 Vi
M-S
1996 :
1996
Potts Creek Br 1st 4s_
•v/R A/A Div 1st-cons gold 4s-,jLw«1989 r
2d consol gold 4s_____—
__1989
.
..
New:.; York... Stock Exchange
493/4
—
7 1057/a
Interest
Period
,
';7'i:
48%
».
Ref A impt mtge 3 %s D_.
Ref & impt M 3Yas series E
General 4s
*105
j-j
,77/tv7: 7
Generaltgold 4 M»s^—w.,^«^199a i
!
High
SACentral RR to
ds
|j
*113
gold 5s
-
,
97.;.: 100^
89%
93%
5
i08%
105%
„
{
Cleveland Elec Dlum 38—
-
-
f
l
j-j
iavi»
Cleve Short Line 1st gtd 4Vis
Oleve Union Term gtd 5Vis
..
m-n
J-J
J-J
J-J
A-O
?
1st gold :.3s sterling...^.w..^.—>1951
M-S
*io6y2
^Oinoia Bell Telep ;2%a
106%
i
5
115%
116
106% 107 %
32
106%
110
90
106%
108%
106
57
106
108%
116
a-o
^
__
106% 107%
a-o
106%
a-o
106%
a-o
116
106 Va
*
,
Z 1"
af-n
Coiumbus is H V lflt extl gold 48—1948
A-O
*106%
Columbus & Sou Ohio El 3 Vis.
M-S
*110
P-A;
79 Vi
J-J
103
36
,79 %
84%
56
102%
104%
;
.
F-A
7
...1958
1st extl 4s
111%
Cairo Bridge gold 4s..^«.~M~;.M.1950;
Litchfield Div 1st gold 3s_
i
1951
Louisville Div & Term
L——
Conn Ry At L 1st & ref 4Vis—
1977
1951
P-a
J-J
*111
Conn River Power s f 3%s A
396*
P-A
*106 Vo
mtge
3s
series
Jonsolidated Cigar Corp
3Vis
1965
109%
27
109% 110
..
F-a
110
8t. Louis Div & Term gold 3S....1951
-■
Gold 3%S
—.j.^.».^.1951^
Springfield Div 1st gold 3%s
1951
'Western Lines 1st gold 4s
1951'
J-J
■
A-O
•»
V
7-
Registered
a-o
101%
3 Vis 1 debentureS44----^-2--.*-.2-1956
3 Via.,. debentures-———i—.1958
A-O
102
...
101% 101%
46
101 %
102
24
102
102%
103
1043/4
V,
J-J
*104% 105
iAConsol Ry non-conv deb 48—1954
J-j
71
67
A Debenture 4s—-.1955
J-J
76
67%
76
ADebenture 4s.—-—1956
J-J
67%
Consumers
Power
1st mtge 27/«s__1975
Continental Baking 3s debs——.—1965
Crucible Steel 3V4s s f debs
107% 108%
108 Va
J-J
1955
104%
102%
J-D
103 Va
1047
*103Vi 104
85%
85 y2
85 %
5
46%
46 Vz
51
J-D
*51
a-o
53%
-100
483/4
49%
3
.
86
44
17
51
J^
Delaware to: Hudson 4s extended
1963
Delaware, Lack & West RR Co—
t ;JtJ X Lack # Western div;
• /
1st to ref M 5s ser C,-_^,w«Mk1973
income mtge due_____'_
_.__1993
;
a-o
53%
53
105%
105%
105%
106%
105%
100
103%
.
::
1
140
97%
66
93%
5
105 Va
8
105
,
1053/4 1053/4,
.
96
•
96
106%
105% 106
102
-Wh,
.
1043/4
5/
.
110%
J-J
100
921/4
•
A-
*111
A-O
Z
J-J
87
Adjustment 6s series A.*,. July 1952
B--..-4—
...+1956
vr Alet gold 5s series G-«-..r:-.-4i-1956
lAInternat Hydro El deb 6s__.—1944
Interhat Paper ,5s series A A B...1947
Ref sink fund 6s series A—....1955
a-o
47
m-s
*107%
m-n
Z
*1007/8 103
106%
21
*106% 107%
82%
98
49
47
54%
107 %
{International Great Northern RR—
6s series
A--..—-i...'.1952
A
103%
100
100
106% 1077 /
106%
103%
J.
af-n
105%
104
—
-A 1st-5s series
/
86
47
;;
81%
/
J-J
88
49%
81 Va
3
76%
92
•
J-J
80
80
83'A
.3
77%
A-O
97%
96
973/s
114
93 %
92
97%
102%
103 y2
J-J
108%
105%
—
100
J-J
101%
101% 102
F-a
106
1053/4 106'A
J-D
101%
106 y2
98
54
103%
105
35
100
101%
__
1013A
'
J-D
a-o
105
'
M-S
"A 1st
D
Dayton Pr & Lt 1st mtge 23As..
1975
Dayton Union Ry 3 Vis series B___lS65
Deere & Co 2%s debs
A—'.__.1665
J-J
J-J
50
85%
16
46%
J-j
ADeposit
•
101
93%
rill A Iowa 1st gold 4s^. 4-^-^^.1950 i
{AInd A Louisville 1st gtd, 4s
1956
59%
48
48 Vi
106
101% 102
96%
97
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series P..1961
58
47 %
103
97
3
100% 102%
101%
J-D
ma
46 7
60
*58
47%
102%
—
*105®%,
105% 105%
,
J-D
106
102%
1077/a
5
*103'A
,
,.v
J-D
1st &
108 3/a
1
::
—.
.Int Rys Cpnt Amer 1st 5s B.
1972
Int Telep & Teleg deb gold 4 y2s.__1952
Debentures 5s^.^......-7-..«...1955
J-D
receipts
%7 Via ser A deposit rcts^—2-1946
^A6s ser;B deposit rets——-2-1946
Curtis Publishing Co 3s deb,.—195»
35
105% 105%
M-S
1943
ADeposit .:receipts^.-^w-2-———
A Cuba RR 1st 5s gold
1952
lACuba Northern Ry 1st 5Vis..
"l
93%
-
Ai^^.^1963
•75
68%
68%
105%
54
*104% 106
__
__
102
104%,
'99% 102 Va
10
'
P-a
4%SVseries CwW.i««.»^..1963
7
1st ref mtge 4s aer ;D*»ii*^»uil963
tIllinois Terminal Ry 4s ser A._
1970
'Joint lst ref 5s series
:
106%
104%
2
3l"
1023/4 102%
__
.
'
101% 102
101%
■
HI Cent and Chic St L A N O-^
-
76
<
'' *105%
..
7
•"
.1948
debentures-
*i02y8
J-J?¥
'.''v
,
Consolidated Edison of New York—
3Vis
94%
J-J
—
32
107% 107%
94'/a 95%
*io5y8iu%.!
107%:
103% 106%
103
106%
39
*12
99 % 101
J-J
gold 3%s_l953
^•//';io4%;io4%;
—
103% 104 /
•
J-J
1083/4
•
—
—
i;;-,
f:
M-N
109%
-
104% 104%
M-N v-
Commonwealth Edison Co—
1st
__
77
J-J
J-D
—
my2
—
103% 104%
M-N ife
Omaha Div 1st gold 3sl^^^.»^1951/
1970
*104%
*104%
—
A-O
Refunding 5s^M.M...^..M.^i:...1958>
,
80%
103%
79 y*
*105%
..
„
Purchased lines 3 % 8-4—-U1952
Collateral trust: gold 4s.^l.-^.<;1953:'
*115
Columbus & Tol
V
-40-year,d%6L'»i,;,^,^969^
Colorado & Southern Ry.—
,4Vis (stamped modified)
—.1980
Columbia Gas & Elec deb 5s.——.1^61
•
,
Collateral trust gold 48^^—^1953^;
Refunding 4s«:^.~..ww^-^-ww.«.^1955
•
108%
104%
10
108%
108,
%
110%
106
..
108%
A—1981
'1st gold.
1st gold 3%s
1951
Extended 1st gold 3%s_ .......L.1951
108
12
110Vi
*104%
P-a
1981
_1972
lst s f 5s serles B gtd—4—.1973
1st s f 4Vis series C__.
1977
-
110
Illinois Central RR—
Cleveland It Pittsburgh RR—
Series C 3Vis gtd—
——1948
Series D 3Vis gtd
—„.1950
•
110
106
-
107%
14
103
107%
__
1067/
-
106%
10
104%
106%
107%
31
104%
107%
yjarnes
J^nkl Ai Clear 1st 4s..«^.«1959:'
Jones a
Laughlin,Steel 3V*8
.1961
101
101 Va
9
104
J-J
104%
19
103% 105y*
.
.
Af-N
99% 161%
¥l
100 : ,100
60% 62%
c •
M-N
-Morris & Essex division,, *-7/-• 7v/
Coll tr 4-6s~/.-7..7.7-May 12042
60
58
,
Delaware
Power
&
Light
3s__
1973
{Denver & Rio Grande RR—
-,
5A 1st consol 4s
§ A Consol gold 4 % s
1
A-O
69%
70%
66
71
71
.73%
109
109
/
1930
t
J-J
65:
65
/ 68%
65
115
79%
77
•
■
s
69 %
69 Va
:7 2
67%
80
P-A
22
21%
23
109
15%
A Assented
.
-....--......i
....
F-a
22
.21%
23
259
65
"ARef to impt 5s series B.
—.1978
a-o
Edison 4s series F—......1965
a-o
Gen 6c ref mtge 3%s series G...1960
M-S
Gen & ref 3s aeries H._..
J-D
Detroit
*..1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
_-__.i..1995
Detroit Term A" Tunnel 4Vas____
lacl
Dul Miss & Iron Range Ry 3%s
.1062
a-o
{{ADU Sou Shore & Atl gold 5s
1937
1961
•
-CvQuesne Light" 1st M 3%s
see
page
..
1453.
J-D
;
76
2%s.
1950
1975
.1974
Kentucky Central gold 4s
1987
Kentucky A Ind Term 4%s—...—1961
106% 107%
108% 108%
19'
106'/*
109
12
108 y2
109%
109% 109%
6
109 S
HO1/*
74
50
Af-N
106%
j-j
49%
j-j
105%
.
74
50
50
119% 119%
106% 107 v
-49%
;
...
'
2
11
3,
;
/A'
63%
74
7 45%
37
:
4
83ya
107
107%
-6;/
/: 104
104%
53:
-
Stamped
Plain
ZA
107%
104 7
7 *71%
J-J
Koppers Co 1st mtge 3s
tAKreuger a Toll 6a ctfs.i.
...
.1964
/
J-J
*niy8
—
*105»/8
—
J-J
m
188
A-O
m-s
•
m
107
188
103%
1043/4
104%
105%
-
1
M108%108%
A-O
;
y
:
83 V*
107 y8
122
75%'
;
105%
;
J-J
——
82
.
*103%
*i2oy2:
J-J
85 y8
si
82%
T-o
A-O /•/''
;
20
.
.122
65%
-72
108% 108%
;
-
1
;188
"188
27
,188/
1063/4 107
106
107
'
sy8
8
.5%.
4%
5,%
51
,
117
"
1959
119%
105% 107
49'/a
.5051
105'/* 106
109
83
A-O
:
1961
.w-..^.«i...-«-.196l.4%s unguaranteed..--^.:
—1961
•Kings.County ELL A P 6s
..*1997 ;
;;
;V
107
J-D
For footnotes
1st 3s
27
*60
143/4
63
Kansas City Southern Ry
•1st mtge 4s ser
27
f 5s
City Fort Scott & Mem Ry—
5 ARefunding gtd 4sl
....1936'
A Certificates of deposit.
-Kansas City Terminal Ry
J-J
1955
{Denver to Rio Grande Western RR— *
*107%
A-O
EAnsas
•
.1936
107%
107%
A-O
Kanawha A Mich- 1st gtd gold 4S..1990
>/-* M,
•
AGeneral
K
67%
'*
54
.104'/*
106
Efcke Sh A Mich Sou gold
3%s
registered.
3%s„.^1997;
1997
J-D
*115%
J-D
*114
__
1153/4
'
110
115%
108
113
THE-COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK BOND
MARCH 15, ,.##
FOR WEEK ENDING
RANGE
••
"W O
Friday
Week'* Range
Interest
;. Last
*
Period
bonds
Sale Price
>
Stock
York-
New
Exchange
Low
Vo.
High
Low
A 1st
S
P
•a#';'#.:
5s
5s
5s
*101
99
1974
*94«
1974
96
82 Ya
91
92
RR—
modified
registered
stamped modified
4 YaS
5b
53 Yb
2003
2003
2003
2003
2003
stamped
4%s
57
Louisiana Si Ark
83 Ya
91%
136 Ya
120 Yb
107
107%
*118
Louisville & Nashville RR—
1st Si
ref M 3%s
1st ft
ref M
118% 119
105
104
^07
120
106 Ya
104#'106 Ya
106 Ya
106
112
110% 113%
104%
100%
104%
102 Ya
105
1955
Div 4s
*105 Y®
*ij8
—
69%
■
68
68
42
68%
683/a
71 Ya
w67
66%
66%
32
43%
46
1954
4s.—June 1992
*110%
Jf-N
•
;
125.
101
72%
83
87 Ya
93
34%
50
71%
118% 119
,
81
111
—
Northern
26 Ya
23
21%
12
12 Ya
11%
15%
102%
106%
86%
90%
106 Ya 106%
M-S
A-O
# 89
M-N
i-106
90%
>
J-J
107 Ya
105%
107%
106 Ya 106%
J-J
105 Ya
108%
*—
■
44
.
29 Ys
F-A
44 YB
41 Yb
102
M-S
*137%
M-S
*130%
125 Ya
125%
Q-J
Q-J
Q-*
•119
135%
132
120
125%
138%
132
—
140
138%
—
'1 127%
J-J
110 Yb HOYB
J-J
M-S
——1975
*87Ya
89
110
94%
82
88 Ya
.
108%
105%
107 3/a 108%
110%
.107
110%
HOYa
107%
#104% 10?%
104%
106 Ya
102%
105%
102%
106%
Power Co—
States
1
105 Va 105 Ya
F-A
2%s___1974 ;?•
1st mtge 2%8.
———1975
(Wise) 1st mtge 3 %»..—...***1964
1st mtge
-7f
85%
>
Q-A
J-J
122
115 Yb
! 125%
92%* 93%
.
49
108 Ya
lOOYa 103%
71 #.
59 Yb
69%
139% 139%
A-O
100
32%
108
102
,
68
A-O
32 Ya
07
.
*108 Ya 'i**' ,''
J-J
42
29
•
:
75
39%
'
29%
*97 YB 100
Jf-N
J-J
M-S
}l
68
;70
*40
F-A
2047
2047
4%s
•
1
21%
Light 1st mtge 2%s_1975
1st cons gtd 4s
1993
trust
,
J-D
registered—————--19971 ■
Coll
.
M-S
1955
Ref ft impt 5s series C
Ref ft impt 5s series D
,
;
V
78
75
.
109 Ya
,'75%
72
-
78
:67Ya
65%
161
.
3-D
75 Ya
67%
;
242
A-O
M-N
65
•
37
71 Ya
v
77%
#64## 75
11
65%
Gen lien ry ft Id gold 3s—Jan 2047,
3s registered...—^.***^.*2047
Ref ft impt 4%s series A
—2047
;
104
1980
Power &
#• ••••48
105% 107%
,
112
2003
2003
gold 3s
Atl Knox ft Cine
118 Ya
105 7/a 106
—1966
G_
ser
,106%
4 '
*68%
--
—
v
106% 107%
107%
.4:
s
series F
2%s
St Louis Div 2d
'
—
107 Ya 107%
107 Ye 107%
High
68
J-J
Pow 3%s
1965
3%s
1963
»AN Y Susq ft W 1st ref 5s
-1937
S A 2d gold 4 Yas
-1937
IA General gold 5s
1940
A Terminal 1st gold 5s
1943
HAN Y West Ac Bost 1st 4%S——1946
Niagara Falls Power 3%s
1960
Norfolk Southern Ry Co—# 1st mtge 4%s series A*
1998
j;i: AGen mtge 5s conv inc
—2014
Norfolk ft Western Ry 1st gold 4s_1996
North Central gen ft ref 5s
1974
Gen ft ref 4%s series A———1974
Northern Pacific Ry prior lien 4s_.1997
73%
118 Ya
.
3%s
N Y Queens El Lt ft
N Y Steam Corp 1st
69
62%
62 Va
87
Low
J-/
1958;:;
1956
4s
deb
v
64
N Y ft Putnam
133 Ya
1951
1963
Louisville Gas Si Elec 3VaS—
N Y
119% 120 YB
;'83%
Range Since
January 1
Sold
No.
High
M-N
1958
JAN Y Ont ft West ref
AGeneral 4s
65
52
43
67 Ya
Low
J-J
-1954
3%s
deb
4s
1st
54%
76
61 Yb
Bonds
Bid ft Asked
JAHarJem River Si Port Chester—
# 50 -4 "60
55 Ya
-
V
-
*132% 136 Ya
119%
5s series A.—1969
1st
•
65
.
debentures
:
94 Yb
51%
205
;
#■■
Lehigh Valley Terminal Ry ext 5S.195I
1st 50-yr 5s gtd
1965
Liggett Si Myers Tobacco 5s
—1951
Little Miami gen 4s series A
1962
Long Island unified 4s
1949
Guaranteed ref gola 4s
—1949
4s
stamped
1949
3s
58 ;
*50-
Lex & Eastern
Lorlllard (P) Co deb 5s
;
87
88%
#30#'
Week'® Range
or Friday's
A-O
AConv deb 6s——————1948
lACoilateral txust 6s.~.——*.*1940
ADebenture 4a
1957
A 1st ft ref 4Yas series of 1927—1967
.
;
98 Y®
,
80
#27
#
84
1950
stamped modified
4s registered
94
,
93
28
rs
1954
4s
94
.
,
—
4%e ext
Lehign Valley
99 Ya
17
"98%
-
Leh Val Harbor Term gtd 5s
Lehigh Valley N Y
97%
93%
—
97 Ya
101%
95 Ya
*93%
stamped
Af-S
ADebenture certificates
100%
—
1964
1st Si ret sink fund 5a—..
jr-s
1947
ANon-conv
..1964
6tamped_
1947
3%s
ANon-conv
106 Ya
*101
1954
stamped
1st ft ret sink fund 5s—
4s——
deb
# ANon-conv deb 4s
*
—1954
ref sink fund 5s
1st ft
104%
1970
mtge 3 Yas ser A
Qeb
ANon-conv
,
Lehigh Valley Coal Co—
RR—'
ANoii-couv
76%
66
12
Co.—
Last
Sale Price
Period
High
IN Y New Haven & Hartford
1975
mtge Income reg
Friday
Interest
Exchange
,,!
Lautaro Nitrate Co Ltd—'
Lehigh Coal Si Navigation
t
V .»» «' S
Stock
^Xork
January 1
Sold
Bid & Asked
New
Range Since
Bonds
Friday's.,
or
Monday, March 18, 1946
#:
,
3
106 Ya 106 Ya
A-O
*1Q7%#^>'::
M-a
-
106% 108
Maine Central RR 4%s ser A.——I960
1st
coll 4s
mtge Si
1954
B
ser
Manati Sugar 4s sink fund—Feb 1 1957 %
AManila RR (Southern Lines) 4s * 1959
Jack Lans
107%
101%
103%
26%
28 Ya
Ohio Edison-lst mtge 3s—*.—.*«».1974
107 Ya
Metrop Wat Sew Si Drain 5%s
1950
fSAMet West Side El (Chic) 4s—1938
Michigan Central—
ZOgdensburg ft Lake Cbamplaln Ry—
105%
Metropolitan Edison 1st mtge 2%s-1974
108 >
107
Oregon RR & Nav con gold 4s
1946
Ore Short Line 1st cons gold 5s—1946
Guaranteed stpd cons 5s
-1946
1st
*100%
3%a
1951
gold 3 YaS
1952
Ref ft impt 4%8 series C
1979
Michigan Cons Gas 1st mtge 3%s_1969
—
103
103
104
112% 112%
89 Ya
•
—
'
27
107 Va
108%
101V2
106 '
1045/e 104%
1975
101 Ya
104%
103% 103 Ya
100 Ya
101
lOOYa 101
100'/#
'•
$104% 105 Ya
100Ya
101%
101%
104 Ya
107 Ya
1975
Oregon-Washington RR 3» ser A
97/
22 Ya
23
108 Ya
105 Ya 105%
*108
*
100% 101
«
112 Ya
110 Y4
# 89%4 89%
112%
1940
fSAMidland of N J 1st ext 5s
*108%
:
—
mtge. 2%s-^:
;
Gas & Electric 2%s
Oklahoma
,
& Sag
1st
22 Ya
guaranteed 4s-».*-<»—»**1M8';
-A 1st
i960
Minn St Paul ft Sault Ste Marie-*
1971
J.j
mtge 4s inc ser A
Jan 1991
J-3
Mo Kansas Si Texas 1st 4s
1990
A 1st
4%s inc ser A__Jan
mtge
A Gen
J-D
Prior lien
A Cum
1962
J-J
—1962
J-J
95 Va :
D——1978
J-J
96
5s Series A
-
4o-year 4s series B
Prior lien 4%s series
_
1 '
ft ref 58 series A
A Gene raj
1968
4s
1975
Si
ret
Si
ret
5s
series
ret
96
M-a
53 Ya
51%
56
94%
93
96
93%
93
96
40 Ya
39%
42 Ya
A-O
93%
93
95%
1981
Tramways
5s
F-A
93%
93
96
—1951
1958
ext
Morrell (John) ft Co 3s debs
.
J-J
M-N
ssr.r- jo3.
$
2000
1955
1955
Mountain
gtd 3%s
4%® series B
States T
1968
J-D
1947
ft T 3YaS
Mutual Fuel Gaa 1st gtd 5s
M-N
100 #
83
83
75%
79%
*106% 110
-
—
-
83%
Pennsylvania RR—
«
Ccnsoi gold 4s
4s sterl stpd dollar
107 Ya
106 Ya
1
:#p^###4*.###109%'
Gen mtge
# Conv
Chan
L 4s series A
ft 8*
*105% 106
104% 105%
Na„ioual
Steel
1st
.1965
3s
mtge
103
.!
105%
104%
105
106Ya
107 Ya
108
*107Ya
Gen mtge 3 %s ser
t
fANa»gatuck RR 1st gold 4s
1954
5s
1948
England RR gtd 5s
1945
104
104
99%
104 Ya
Peoria
1945
103
103
97 Ya
103 Ya
Pere
1952
112%# 112% 113#
127 % 127%
fANew
A Consol
New
gtd 4s
England Tel ft Tel 5s A
1st
gtd 4Yas series B
J Junction
N
cons
RR
1961
gtd 1st 4s
.—1986
New
Jersey P ft L 1st mtge 3s.
New
Orleans Great
N O ft N E
New
1974
Nor 5s A
—1983
1st ref ft imp 4Yas
1st gtd 4s
1952
Orleans Term
Alncome
a Certificates of
A 1st 5s series B
;
—
ACertificates
A 1st
•
5s
'
*109
110
107 Ya
106 Ya
of
A 1st
A 1st
1.:
.>
108%
107 Ya
107% 107 Ya
107%
1st
98%
55%
97 Ya
of
Phillips Petroleum
93%
Central RR
4s
A
Ref
ft
97%
•*—
ft
ImDt
—1998
impt 4,% 8 series A
Ref
N
Cent
Y
3%s
ft
5s
Hud
River
3%s
55
registered
*107Ya
19
106%
'
96
-96
97:
1998
93
47'
#
.
107 Ya
96 Ya
Ya
r '
114Yb
107
#
##, 5 &
•
V 92%
'
31
106 Ya 106 Ya '
Ref mtge 3YaS ser E
89
105 Ya 105 Ya
Y
Connecting RR 2Ybs
1st gold 4s
12
1st
lien
ft
3 Yas
ref
3Yas series E
##
97 Ya
1st
Pitts
*
1st
106% *67 # #
ft
West
1st
105%
Pitts
footnotes
'
4s
series
A
—1973
—1073
see
page
1453.
118 Ya
92 Ya
101
104%
!
HOYb
139
131
134
106
108 »/a
108
108
104 Va
• *106% 107
104 Ya
4# M-N
107
104%
107'
M-N
1
.—1963
2%s debs
J-J
—
106% 106%
106%
*104% 105
—
«'
#
—
'
105%
20
107 Va
105
103 Ya
*106
—
M-S
21%
20
•
18
.
r
18
-18
104%
104 % 104 %
1964
109 4
118%
115 Ya
115 Ya
lliVa "
92 Ya
T
:
.ti-
117
118 Ya
90
#. 95%
1
97%
'
1
..
103%
1965
4%s————.1950
mtge 4%v series B—
1950
ft W Va 1st 4 Yas series A
r1958
mtg* 4Yas series B_
..1959
mtge 4 %s series 0_—„I960
Young ft Ash 1st 4a ser A—1948
gen 5s series B
1962
gen 5s series C
1974
4%S series D
—1977
*st
1st
F-A
106 Va
26 #
21
105%
*116Va:
*122%
W
—
•
..'*130
J-D' '.
#137%
122
127 Ya
1314
126 Ya
115 Ys •
##
#13Lv*13^*#-::
m-n
%'
117 Ya
-I
—
F-A
"
106% 106%
106 Ya 106 Ya
;
J-D
•
130 #
137%
#
*
—
-
:;,106
106
*<
: #
133 Ya
137%#
139 Ya 139 Ya;
,
134%
.
—
139 Ya
105 Ya
"
109
100%
106 Yb
*103%-
1st M 3 Yas
1st mortgage 3YaS
Potomac
;;
'
El Pwr
1A Providence Securities
100%'
.v*
ft
ref mtge 8s
S
'
■
*
.
;
3-D
v A-O
'•'A-0
106
106#*
105%
101% 101%
101- 101%
'.
101 Ya
"
101 Ya 101%
#98% 102
*
3~D;
98Ya
102 %
105
105%
*125Vb
J-D
102
98 Ya
105 Yb
F-A
*127
*117%
J-D
:
106 Ya
J-J
106 Ya 107
*113
P-A
99
102
106
107
113
*100%
J-J
113
#
32
'45
*108
108
108
J-J
*111%
109
111 Ya
m-n
*108 Ya 109%
108
110%
"
m-n
-
'
104
-: -
101%
''
,
'
104 Ya
V
100 Ya
105%
103%
103 Ya 103 Ya
*105% 106
'mm
j-D
1964
1966
1977
4s————1957
1956
..1968
1972
2037
:
2037
Terminal 4s
Public1 Service El ft Gas.3%s
1st & ref mtge 3s
1st ft ref mtge 5s_,—
JAProvidence
1st
;.
J-Jr?'
———--,-r
mtge
# -iPittston Co 5% inc deb
HOYa
108
1
s:
-1st
'
107
3
.
f
105%
':
101
104Ya
103%
117%
109
115 Ya
118 Ya
105 Ya
103%
3
111% 111% f
109
101%
:
»117 Ya 120
.2000
.2043
■
106% 106%
2043
4%s series B
For
15
-1949
—,
Mtge 4s series B
Lack
so
10
103% 104%
gold 5s_ -1948
Purchase money gold 4s
Y ft Harlem gold 3%s
Y
105%
104 Ye 104 Ya
103%
.1968
Mtge 4s series A
N
105
104 Ya
-1965
-1975
B_
series D
N Y Gas El Lt H ft Pow
N
M-N
4%8——:.i^*j-1963(:
guaranteed 4%s—1964
3,Y2S .debentures
..#93.;.#
•104%
-1951
ser
Dock
Edison
J cons
Pitts Steel
.lit
Y
137
—
■
*
93 Ya
York Chicago ft 8t Louis—
Ref mtge 3%s series D
N
|
104 % 105%
—
r—
J-D
Gen mtge 5s
100
#95 !
90
New
N Y
>.
107
106%
'
105%
*133Y®
series A—
..1.1970^
VA-O
i#;": Gen mtge 5s series B
il-lv78 *+ A-O
Gen mtge 3%s ser E
--.^-1975
M-N
Pittsb Coke&Chem 1st mtge 3Yas_1964
;
Pittsburgh Consolidation Coal-5^ .
-
#•95% #98%- 4
lOOYa 102%
123
r >
*87
;
#95%- 99%
297
&
—
99% 100
—1998
Mich Cent coll gold 3%S—;
3%s
97 Ya
-—1998
-
r 83
.
106
—
.—1971
P 4s
-Series'.T cons
200
97% i
111% 112%
1997
—1998
—
,
*138%
J-J
J-J
guaranteed gold
1953
£>.% Series.G 4s guaranteed-.
1957
'
Series H cons guaranteed 4s_.—1960
Seriis
101 Ya 102 Yb
1997
gold 3%s
registered
64
106
F-A
Pittsburgh Cine Chi ft St Louis—
Series E 3%s gtd gold—
—1949
<103Ya
95%
#96%
—2013
registered
3%s
96%
—2013
CJ.
series
Lake Shore coll
N
n
■
series
*107Ya
'
105
1977
1961
1961
"
94
deposit
ACertificates of deposit——
Y
—
1977
:J''-
96
.1954
87%
65
64
106%
94
105 Ya
105% 105%
87 Ya 90
97 Ya
*96 ,"'•97
deposit
D
105 Y® 107 Y*
106 Ye
106
87%
1§APhilippine Ry 1st s f 4t:,
ACertificates of deposit
—
5Yas series A
135 Yb
111%
107 Yb
108 Ya 109 #
105 Ya
.—1937
84
84
-
series
128 Ya
1
1962
2%s
139 Ya
135 Ya
133 Va 133 Ya
—.
—1974
Philip Morris Ltd deb 3s
3s debentures
Series
N
ref
and
128 Ya
133 Ya
127 Ya
#108%
—1967
2%s
1st & ref M
##
131#:,
124 Ya
132 Yb 133
1980
.
107
106%
133 Ya
1974
series C
Philadelphia Co coll tr 4Y»s
106 Ya
127
132%
1974
B
series
gold 4%s
General
Ill
107.%
110 Ya 110 Ya
-
107%
?!05,Ya.
106%
—
,130% 131
128%
137% 137%
137%
.
4Yas
ACertificates
„
5s
108
4.##
deposit
of
D
Wash 1st gold 4s—
104
-128% :128
Apr 1990
Marquette Ry 3%s ser
106 v
106% 106%
*106%
131
F———1985
4s
111% 113
102% .102%:.
106 Ys 107 Y«
*105% 106 Ya
106%
Pekin Union Ry 5% s—1974
General
109 Ya
106% 107
&
Phila Bait &
127;
118
118
1954
C
series
ACertificates
114%
125 %
118
118
1953
deposit
111%
—
118
|New Orleans Teras ft Mexico Ry8ANon-cum inc 5s series A—
v
—
112% 125%
113
102% 102%
.
—.
Peoples Gas L & 0 ref 5s———1947
Peoria ft Eastern 4s ext
1960
Newark
Consol Gas
#..*
.1984
1952
4Yas series E
deb 3 Yas
/105%;
105
113
#
105%
105 Ya 106%
1978
National Dairy Products 2%s debs_197o
.a,
——.-1981
General 4Y»s series D
%
114% 117%
116 Y«
1968
U General 5s series B—
Nash
'
1965
series A
4%s
General
107Ya
104%; 107%
~
105% 105%
————1946
.May 11948
fund 4%s
1960
sinning
Cons
::
111
110% 110%
'
v
107%
107% 107 Ya
*106Ya
debentures--~i«r~-^~-1065
3s S" f
108 Ya
109%
109 Va 109%
lllVa 111%
*109 YB
3s——1975
1st mtge
*
74 Ya
89%
75%
85Ya
76%
103
109%
HOYa
110 Ya
107Ya -111Ya
107 Ya
»107Y2 108
Sand.3%s——I960
Pennsylvania Power Si Light Co.—
101%
69 Ya
71%
'
109%;
108%
*108%
Pennsylvania Glass
106 Ya
102%
103
83 Ya
M -N
M
103
70
70
M-N
Constr
1st
'<
106
:# 106 '? 106%
101%
lOlYa 101%
F-A
Constr M 5s series A
>
Essex
93
89
lf-$
J -D
ft
•
—1980
gold 5s series H
Moh'k Si Malone 1st gtd gold 4®—1991
Monongahela Ry 3%s series B
1966
Montreal
93
M-N
# A 1st Si ret 5s series I
Morris
'Wi
93
M-a t,
G_
gold 5%s
Si
vS-VJf,;'. 'X
'
F-A
M-N
—1977
-
1st
Ya
1978
5s series F
A 1st
A 1st
-5
96
108 ,110%
110
■
<
95 Ya
93 Ya
—1949
A 1st
AConv
92
-
&
1966
1970
1st
1971
1st
1974
1st ft ref M 3s series M
1979
1st & ref mtge 3s ser N
1977
Pacific Tel & Tel 2%s debs
1985
Paducah ft 111 1st s t gold 4%s
1955
Panhandle East F L 3s B—
..I960
Paterson ft Passaic G ft E cons 6s_1949
Pennsylvania-Central Airlines—
3%S COnv inc debs
1960
Pennsylvania Co—
•,' /
Gtd 4s series E trust ctfs
1952
1st
.
A-O
Jan 1967
adjust 5s series A
tMissouri Pacific RR Co—
A 1st
Gas
Pacific
101% 100%
1846
1st gold 5s
Electric Co—
& ref mtge 3%s series X
St ret mtge 3s series J
ft ref M 3s series K
& ref M 3s series L
Coast Co
Pacific
Missouri-Kansas-Texas RR—
•
V
m-s
J-J
J-D
39
39
40
*161 Ya
250 Ya 250 Ya
.160
250
165
"
250%
yoifi™®
.163"' Nuniber 4473
'
1
THE COMMERCIAL & FINANCIAL CHRONICLE
'
4453
'
.
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING MARCH
;
/////•//B'OiN.D
New
Stock
York
7/7 •.-./:•:«/-Friday
Wcek'i Banre
Interest7'<"Last 7/7 or Friday's
1
Exchange
Period 7 Sale Price
Bonds
Bid & Asked
Low
I
New
Friday.'-WeekTi Range
'
Interest
Exchange
Stock
York
Last
Sale Price
January 1
§
No.
BONDS
Period
;j Range Since
Sold
High y
-
15, 7?
'■
Low
'
or Friday's
Bid A Asked
Low
High
Bonds
Range Since
January 1
Sold
No.
High
Low
High
*104%:105
Quaker O&ts 2%s deb.
/'
__1965
Tennessee Gas & Transmission—
M-N
104% 104%
7 Ref & imp M 4s ser C—.——.2019
J-J
137% 137%
Ref & imp 27/»s series D....7...1985
Texas company ds aeo
Ji,
-lWou
3s debentures
1908
Texas a Pacific 1st gold 5s.
2000
Gen & ref M 3%s ser E.....—1985
A-O
7
1st mtge
pipe line 3s
"7-
Terminal RR Assn of St Louis—
Reeding Co Jersey Cent coll 4s
1951
1st & ref M 3 yes ser D_.
.___1995
Rensselaer & Saratoga RR Co—
105%
:
107 y« 1073A
Gen mtge
(4.7% lor-1945) due.1975
Revere Copper & Brass 3%s
i960
(JARio Grande West 1st gold 4s—}939
:
7. A 1st cons & coU trust 4s A
Rochester Gas
104
!
*125%
..1977
M-S
..1967
M-S
*108
Gen mtge 3%s series I.——-~J.1967
M-S
*108
mtge 4%3 series D
Gen mtge 3%s series H
i
if Gen mtge 3%s series J...
11AR I Ark & Louis
M-S
—.1969
;=
75
Texas Pacific-Missouri—
87'/a
>
-
'
—
108%
J -JVC
61
i9y2
18%
J-J
J-D
22 y*
21%
7149
7:105% 105%,
149
J-I>
♦105
<
103%
106
104%
..
105%
96%
88 Vs
65%
1041/2
51%
J-D
*100
Jf-S
*109%
96%
64;'
A-O
gold 4s—1940
Trenton. Gas & Elec 1st gold 5s—1949
Tri-Continental Corp 3% debs—...I960
9#%
94%
.611/2
:<
*103
201/4
65%
103
104%
100%
100%
110
110
24
61
♦
106%
J-J
J-D
74
61V4
*i8%
M- 8
1949
1941
105%
J-J
109%
*20
1934
108y8
105%
108
142 y« 152%
107%
104%
106% 107
Toronto Ham A Buff 1st
108% 108%
•
129%' 136 V*
..
105
—1960
AAdJ Income 5s
—.....Jan 1960
Tol A Ohio Cent ref A impt 3%s._1960
^
—
105
104
-1..
:
7
'
1st 4%s
1A Rut-Canadian 4s stpd
llARutland RR 4 Mia stamped
-
'
M-N
Third Ave Ry 1st ref 4s
.w.
•
V
nos%
.
A-O
Pac Tenn RR of New Orl 3%s_Ll974
•
r 109% 109 >/2
>•
104
107% 115
76l/a
75
J
108
103
107 Vi 107%
A-O
Elec Corp—
&
Gen
i
104
M-N
J-J
..1949
105 y2
107%
:t •
i' *"'•
-
F-A
104
__
104
104
106%
.r
U
Union
Baguenay Pwr Ltd 1st It 4%i_ ..1968
:
A-O
fit Jos & Grand Island 1st 4s— —1947
Bt Lawr & Adir 1st gold 5s/—^ —1990
J-J
2d gold 8s—
;/7
of
ACons
v.,.1.
.!
M
4Mis series A
A Certificates of
7 tfit
447'
M-8
46
1
v;
A Gen & ref gold 5s series A.—.1990
J-J
A-O
—'
F-A
-1950
y
ACertificate of
.
;
v".
IA Refunding 4s.,
<v
7
ACtfs
^
/8eaboard
1st
;*
Air -Line
RR
:
_.
Gen mtge 4%s ser A wi
fA8eaboard All Fla 6s A ctfs——1935
122
118
129%
:'ii
70y2
"
'
61
<64
'
71%" '
71% i
71%
•
*<
72
-70%
i
"
—
60%
72%
69
Bocony-Vacuum OU 3s debs.—.—1964
South & Nor Ala RR gtd 5s—1963
Southern Bell Tel & Tel Co—
85%
20%
23
106%
J-J
106% 106%
4
m
104% 104 y2
A-O
*129%
108 J
Southern
:
if
}
30
105%
105 V* 106 V*
;;:
Pacific
RR
i05y8
104% 1051/4
M-N
105
104% 105 >/a
M-N
109
,
3%s
series
.;L
C._
"J-J
1986
V
1996;
_
/Southern Ry 1st cons gold 5s—.1994
/Devel. & gem 4s aeries A—..—.1956//'- Devel & gen 6s.—...1958
Devel & gen 6 Mrs..
1956
Mem Div 1st gold 58
1996
St Louis Div
1st. gold 4s
:
>
1985
J-J
;
a
107-
7r
:/■
j-j /:
'■
;****'.
-
r/'i-W
j/rV1*
■
.
107%
7 7
■
y 64%
Apr
.
..
Sunray Oil Corp 3% debs...
Superior Oil 3Mis debs
Swift A Co 2%s debs
..1959
"101% 102%- /:!
J-D
:102V*
1961
'•105%
M-N
,
/
.
'•>:
/
-•"*'
-
105%
'
107%
,
106
a
>106% i09
107% 110%
1047 116%
25
35
:
•7 95"
>
100% 104
206
1
100% 109
103% 105%
219
7
103 % 108
.1950:
M-N
103%
J-D
104
103% 106
103% 104%
;
-103y4 108%/
2211
.1960
M^S
Mfg 2y8S--i.ii.l951
1st 4s guaranteed.
2361
M-M
163^4
J-J
92%
91%
93%
76
—2361
J-J
789%
89%
89%
40
86%
109% 109%
10
7 109%
109%
•103%
103 V4
&
M-S
90
7
94%
-
'
91
7 106%
108 7
7 104%
105%
—
*104% 105 '/*
117% 117%
..
83%
84
47%
87%
: 37%
49%
48
86
46
89
84%
85
.47
J-J
48.777^1941
105%
102%
45
-
105 %
*118
J-J
mmm—
MrN
36%
46 Va
46y»
107% 107% 7:
46 Va
107%;
A-O
*109
7J-J7S
<
107
v
108
109
109%
d Ex-interest, e Odd-lot xale not
sale not included In the year's range, r Cash tale
7"7
* >
7 ^7
>
tThe price represented Is the dollar quotation per 200-
sale not Included in the year's range,
Deferred delivery
at the exchange rate of 84JB484.
•
/ •
fiectlon 27 of
.»
.ABonds selling flat.
,
t
-
,
-
-
?'
'
.
,
7
sales being transacted during current week.
*Friday's bid and asked prices; no
105%
104 y» 106
6
; :104
-
.
105 y«
y.\t
7
tCompanies reported as being In bankruptcy, receivership, or reorganized under
-the'Bankruptcy Act,or./securities, assumed by^^ such coippanles.
,f
,</>
i
101%i 105%
1
108% 109- t
110% 110% S.
.
.1951
SNegotiability impaired by maturity.
pound unit of bpnds.; Accrued interest payable
67%
107
115% 116%
106
107%
Included in the year's range,
n Under-the-rule
not included in the year's range;
y Ex-coupon.
>
63%
105%
105% 105% "S
'
V-'1
*
105% 105%
„
M-JV
67
107%
110'/a
May
ACertificatee of deposit
^——
lASu & Du div & term 1st 4S...1936;;
iA Certificates of deposit—
.
109 %
20
115
*107
7 J-D
1956
:
64%
7
F-A ://
—.1961
108%
A-O
H
M'-N :
Standard Oil N J deb 3s.—.
J-J
% Wisconsin Elee Power 3%S..J1968
Wisconsin Public Service 3y«s...—1971
'
•oBpokane Internat 1st go!dc4%s.„2013
'"Stand Oil of "Calif 2%s debs
—1966
>102% 104
104.
J ^Wisconsin Central 1st
107%
68%
:•
♦106%
135%
110%
^ 106106 ^
J-D
M-S
r.
<7
103
vW«<'Vff;
'it
•116% 118;
J-D
1061
64%
777
'A-O
„
7
—
?•
,
104% 7
*104
.
122% 128
107% 107%
/.
67
*104
M-S
-
123%
126%
7 100% 102%
•
Registered
107%
117%
123
*108%
K'-:
'^^/•
145
104%
*135% 138%
.
;
A-O
♦121
■'
136%
14
22
107% 7:
,
*__
Q-M
F-A /
■
9
106 y4
104%
:
f:''7-7/'.'7
Wheeling Steel 3% series C
—1970
Wilson A Co 1st mortgage 3s_
1958
.Winston-Salem S B 1st 4s»w«^^1980.
:
106%
81
39
7102
Wheeling & Lake Erie RR 4s
1949
;7 Gen & ref M 2%s series A——1992
101% 103%
103% 106%
-'/AS//
'
107%
Co—
Funding & real estate 4%s
25—year gold 5s...
30-year 5s._—
/.Westinghouse El
106%
103%
101
.••777
series I—. 1966
Western: Union. Telegraph
109 >/a
4/
101
7.
101
97
•77:9377^ 97%'
38
06
105% 105% ,7
105%
67
7
105%7
106»/a
119% 121
-
111%
1
7
100
95%
96
.
F-A
1st „4s——— .1952
2014
Western' Pacific 4%s- inc Aer A
105%
104%
/. r/A;.:
143% 144%
107%
.j./'
;;>u-o:/
/•Southwestern Public Service 3'/as—1974
.
1202
7 100c
100
Apr,
Apr
Western Maryland
106%
102%
138
104
104
A-G
122%
109
106% 113
♦103%
Petroleum
112%
.
A-O
122 »/2
109
P-A
'
107%
104
223
*101% 102%'
u>;
ktj-/<>;
..1951
Southwestern Bell Tel 2%s debs
^
/
J-J
>109
>111% 112
M-S
105
'
7. 1
107% 109
106% 106%;
,7 J-J *?■
109
.
'
.1961
"
103% 106%
103% 104
,
122% 122%
1995
1st mtge 4s
West Penn Power.3%a
109%
141
Co—
series >. B
-
7
'
105 %
104
<87
M-S
1969
1st mtge 2%s ser A—
3 Mi s
51
106
106
3%s—-—... 1955
Warren
105% 107%
•
t
1
107% 107%
A-O
u
♦103%
: 106%
West Shore
.1950
:
/
*115%
A-O
—
112% 112%
112%
F-A
*114%
A-O
104
102
1
M-S
1st 4s
104 y*
7
J-J
..1981
San Fran Term
103%
.1955
73% ■■78-va:
4105% 105%:
J-J
25%
104%
.1977
Gold 4%s__.
:
103% 103%
[7 Washington Terminal 2%s ser A— .1970
Westchester Ltg &s stpd gtd—.. .1950
«Gen mtge 3%s
.1967
90%
;:.
1061/4
—1968
■ Gold 4%s~.
4
Jf-S
—1959
Warren RR 1st ref gtd: gold 3% a.. .2000
>
Washington Central Ry 1st 4s— .1948
102
75%
75%
J-J
1985:s
1st 4%s (Oregon Lines) A—
105 V*
7 ^
110
19%
*104y2 105
F-A
z
80
-
>102.: 102%
,102
J-J
U^i979"'?:
Gold 4 Vis
110
104 y2
Baking Co 5%s deba
( subordinated)'.7... .1970
Southern Pacific* Co—i7-::v 77/7/7
-
104%
107y4
,
4y*
;
•
103%
13
J-J
Ward
101%
87
23
M-N
1961
tlAfiilesian-Am Corp coll tr 7s..__1941
Skelly Oil 2%s debs__
——..1965 7
.* / 3s debentures
25
107% 107>/2
*104% 107%
"
:
105
*100% 100%
86%:
VSeagram (Joseph E) & Sons 3%S-1965>
2%s sinking fund debentures-
*103% 104%
80%
781% 7
81%
110
F-A
104%
A-O
Walworth Co
69
69
105
,
34;
,
A-O
Wabash RR Co—-<•■ v
AGen mtge 4s inc ser A_—Jan 1981
A Gen mtge inc 4%s ser B__Jan 1991
i
'1st- mtge 3%s ser B——— 1971
•
61%
55
iwr
4Shell Union OIL 2%*. debs.——..1954 7
^ -■2%s>debentures
70%
•MM*
34
103%
102% 105%
16
,
122
Aj28%Vv
'
:
—
^
132%
51
M-S
20
_;,3.
1947
.——1990
1st & land grant. As..
Ref mtge 3s series B_
Virginian Ry 3s ser B
i-.//:/://?/!
Co—
wi
A
ser
63%
128%
of dep
mtge 4s
'
54%
60:'
(Chemical Bank)—
m
A 1st cons 6s series A—.*——.1948z
ACtfs of dep (Guaranty Trust)
4;
ACtfs of dep (Chemical Bank)—
c
tSAAtl & Birm.lst gtd 4sj.——.1933
A Certificates of
deposit
1057 105
=
91>
102
105%
—4s
*—
..i;,/
...
"
: "
'^^132
deposit.
110% 112%
104
106%
21
-J4
♦104 Va 104%
J-J
J-D
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E._—.1975
Va Iron Coal & Coke lbt gold 5s__ 1949
Va & Southwest 1st gtd 5s..
2003
;
1st cons 5s
—1958
105%
132%
*i06y»
ACtfs of dep (N Y Trust)—..
■7/7
:
~
-.1967
Vandalla RR cons g 4s series A—1958.
Cons s f 43 series B——1957
i
97
'
97%
:
A-O
.
119
86
,
55%
54%
A-O
--.-1959
a
M-N
(Seaboard Air (Line Ry—
f Ads gold stamped—..
.
...
.
Union. Depot 3%s B—.1871
Scioto V & N E 1st gtd 4s.i——.1989
89'/a
88%
' " '97%- 99 -n-'i
i ♦112 .'
.WJf/
J-D
St Paul
93
a.:.
.
J-J
fit Paul:A Duluth1st cons gold 48.1968
«A8t P & K C Sh L gtd 4%s
1941
•Jd
52%
115
*96V4 100
i
106% 106%
52%
,
45%
J-J
llli/2 112%
106%
77%
—
*118
M-N
111%
A-O
United Biscuit 3%s deos..—..—.1955
-78%
63%
deposit stpd.—.
V
:
bond certificates,-:—-.—1988
A 2d 4s inc bond ctfs———Nov 1989
IA 1st. term & unifying 5s.—.1952
4s
——.1975
v. 1945
Universal Pictures 3%s' debs
73
61%
.A6.sv.-49
2%s
.
Louis-South western Ry—
1st
-i-
56%
.^.^'t;464%l 66
£.
——1978
:
5/.64%^S4%H.67y«v^
/ 7A Certificates. of deposit——,
v-
.
M-N
A-O
Mo 3%s____1971
>2 %sdebentures....>-1970;
Union Paciiio RR—
»
73%
56%
59% 62%
58% r4s .58% : 61 %
60%
J-J
A Certificates
,
98
97% 100 ^ 4,
99% 101%
—
coll tr
&
M
of
t§AUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s debs..
t
17 A Prior lien 5s series B.——1950
r
*101%
—
J-J
A
—
deposit
ser
95
i
-
a
J-J
1950
1
'
f*97
A-O
fit L Rocky Mt & P 5s stpd..—. -.1958
(St Louis San Francisco Ry ;/>77
i/7 A Prior lien 4s
A
*
J-J
..1998
.—J.
1st
.
*02% 102%
102
;
105%
103%
103% 104
103%
Electric Co
NEW YORK CURB EXCHANGE
WEEKLY
AND
RECORD
YEARLY
NOTlCE--Cash and: deferred delivery sales are
disregarded In the week's range.unless they are the only transactions of the week, and
a footnote in the week in which
they occur. No accountls taken of such sales in computing the range for the year.
•
In
In the
following extensive list
furnish
we
March 9 and ending the present Friday
security,;whether stock
or
complete record of the transactions
a
(March 15, 1946.)
bond, in which
any
It is compiled from
on
when selling outside the regular weekly range are show*
*t.
i
the daily reports of the
dealings have occurred during the current
„
for the week beginning on Saturday
Curb Exchange itself, and is
r"
year.
>
,
the New York Curb Exchange
intended to include every
'
....
7^7 0'7<v7':>:-7;7z;v;-;7f:7yt^l:^7:^^B"7f7>77RANGE,FOR; WEEkRNPlWS>MARCiB::Jg>:":kl'PMi:';i>^
Z77/7.V ftTO'CK 8<'V/'<:
New York Curb Exchange
Week's
/Friday
iK'Sale*
Last
Range
Sale Friee
of Prices
Par
ACP-BrlU Motor* wanrant*
Acme. Wire
A
F
D
Aero
Co
9
-
7/7
Co
—.0
Supply,Mfg class A.....
7'-:
,"6% '•'
; :
Air
Investors
common....
27%
..
7;" 5%
-
5%7j
5%
Aireon
60c
Mfg Corp
13%
convertible
17%
preferred^.....
Air-Way Electric Appliances.
Alabama
Great
$6
■■--i 'V7-
7%
16% Jan
14%
.
•6,700
preferred..:—
8Va
A'hed
Products
conv
(Mich)
see
117% 118%
13%
'
300
page
108<
13%
/
120
'
'7200
7
Feb
.19.
23%
*:
,
107
Jan
.
7
Aluminium
6%
Jan ;
9%
7
62':
62
7:7'
50 '
48
; Jan
Jan
.
7:
109% Jan 77
7
Goods
Ltd
Jan.
762-
Mar
147
Jan
"
7
Range Since January 1
/Shares 7
Low
63 %
9,400
73%
115% 117%
70%
115%
550
23
23
50
23
r
24:
,21
• v
/
.
.
common.
25%
Jan-'
; American Beverage common...'.^MM.^.l
/American Book Co....
—.—-100
—1
17%
52%
28
/American & Foreign Power warrantsAmerican Fork & Hoe common——•
American Gas & Electric.—10
4% % preferred
~.100
>7',
7
53
49%: 51,7/ 77 350
g
Q
3,000
-
50%
.
52%
' 2%
3%
-
-4,8007 1,350
42'
>3,400
42%
?
375
Mar
Mar
*•
■*
50% "Jatf
>••
l7/a
•>>
-
-
54% ' Jart
V
51% Jan
10
■.
Jan
21% Mar
X40%
'
65 / Jan
7 .22% Jan
-7
7%-Jan
477/a' Jan"
Jan
HI-
:
FeV
t .-47'Va. Jail
25,200
21%: 23
111% 112%
16%
700
18%
Jan
175
-7 ' 5% Feb.
4% Jan
"•
/• 58
7 • 7
77 Class: A....
———28
7/ Class ,B
——
—-—
1
American Cyanamid Co common..—10
600
5
Feb
'26
Jan
<
4%
Feb
121
,
;I60%7 1547 1707. 7V 2,1007. 116% Jan r
HO i' Feb
..110%110V4
preferred....,—
High
76% Feb
Jan :
.115% Jan
>
Mfg.
/American Central Mfg...—,
American Cities Power & Light—
7 Convertible class A
.——,
Jan
Feb* j"" 7487
of Prices
73%
common...—
preferred.
Sale*
Week**
7,R»n«e7 for Week
>:
7Loitf?: Jfiahr;
Aluminum Industries common..
"
40
< -*
F&i%
22%
7
6%
Aluminum
712%; Jan. ' : -•.14,% Jan
■3?30#
1458.
.
Ja'M
' 133% Jan
* 119 V4 Feb
Jan
<7
7
:
7%Mar*77
116%
:
■
Mar.';; :17~%
Jan.
v
Aluminum Co
7'7%.Fek!i^
.
"16 / Mar
410
pfd.
Altorfer Bros Co common
For footnotes
118%
107
Int'l Investing $3
12%
■
1
,
f
Jah/*l
JaAjj,.
22%
•
5%
Jah
30%
f' 7 13%
Jan
128%
Alles & Fisher common
Allied
77.
30,000
18%
Southern....
Alabama Power Co $7 preferred.,
•
7.12%
16 7
:,Xast'
Sale Price
Ferial
11%
•-
Jan/*:
5% Jan
15
•^:400
Friday
77i7;7
Exchange
•'/• ■' Hfght'.tiif
.21% Mar'7V
5% Jan / ■//
&.100—
:
Convertible preferred—..._.
•
w
vJ"5oor>
i6fiti71/4
19
*20
-
;7,
8% Mar -7
-
Ainswoith Mfg commons...
Air Associates' Inc (N J)
.L—
•
Low
'.
~6#lf6% fofelS
J
Class. B..;_.......
Mrtttiiji'fZ
8^,9%
SUt
commpni.^.^.
STOCKS-—
New Yerk-Curb
Range Since January lk7
Shares
Lo&^kloh
•77-:'
3..'.7
for Week u
Feb
'110% Jan"
"55%
/
Jan
Jan':.
5% Jah
"26% "Jan
'45%
113
Jan
Jan
range for week
/
York
Curb
Week'a
Sales
Last
Range
for Week
Sale Price
New
STOCKS—
of Prices
Shares
Friday
'/./AA'
Exchange
Per
American
Lew
General
1514
Corp common.. .100
$2 convertible preferred
1
$2.50 convertible preferred
1
American Hard
Rubber
Co__,
6%
preferred
Mfg
American
Maracaibo
Co
Co
25
4
American Meter Co
American
Potash
American
Writing
4%
46
18%
8%
;;:•/■/150/
A 23/*
/'
Post
1,300
6%
1,600
9
11%
Anglo-Iranian
Oil Co
11
Ltd—
12
14%
14%
1,000
>
9%
Jan
13'A
Feb
Jan
19%
5%
Apex-Elec Mfg Co common—.—
•
Appalachian Elec Pwr 4%% pfd—100
Argus Inc
1
Arkansas Natural Gas common
Common class A non-voting
11
~
—9
5%
6'A
5%
6%
10
Equipment Corp
Oil & Refining Co
A//—
X10% XlO%
Associated Electric
class A
Jan
115%
1,400
21% Mar
27%
2,500
10%
Club
3%
2,100
2%-Jan
11% Mar
3% Feb
Colt's
10%
75
9%' Feb
11% Jan
^Columbia Gas & Electricr-
13%
81%
it
80
"5%
8%
91
Jan
11% Jan
27% Feb
Community Public Servioe
Community Water Seivipe
Compo Shoe Machinery— v
18% Jan
10% Jan
V t c extended to 1946
Conn Gas & Coke Secur common
Jan
25 %> Feb
22%
27%
Consolidated
26%
37%
Feb
8
24%
,34%
25V4
2,200
24
Jan
Products
....1
15%
14%
15%
1,900
14y4
Mar
Voting
_•
8%
8%
9%'
1,100
17%
17%
9
ii %
25 %
25%
1
m 29
v
if
600
150
'
S3%:
•
8% Mar
1,100
Feb
Jan
$3
Jan
Baldwin Rubber Co
Banco de los
American
k
$1.20
9
common—
15%
A
common—.
12%
"5%
*
25 Ya
-
——• A
Brewster
55%
34
56
1.
*
Amer dep rets ord.
reg.—.10s
Columbia Power class (Li
9
1
1
$5 prior preferred
Brown Rubber Co
common
—1
common
9
H)
34%
'
•
Jan
.
trust
29%
Feb
65/8
Jan
56%
Jan
39%
Jan
Feb
Feb
48
25% Jan
21
24% "
26%
25%
5%
Jan
65
1%
21
Mar
26
American
dep rets 5%
Sugar Estate
Calamba
California
Calllte
Electric
"9
"8Y2
217/a
31%
77/a
X23% x23%
Power
i*"'"
21%
A;i.V A
6%
•
21%
6%
6
2,000
21
34
H%
11
500
ll3/4
/
25
—
• ./
X57
59
9
9%
Mar
9%
9%
Jan
17
14%
18 %
18%
20
2%
7'%
Jan
Jan
Jan
Canada
Bread
Canada
Cement
Co,
Ltd
Co
Ltd
.
2%
Jan
27
2
38 Ya
4%
3%.
"
3%
■A
12 y8
v-9
25
15 y4
20
Gasket
k
preferred
Industrial Alcohol—
voting
Carman
&
Feb
Mar
,
Jan
De Vilbiss
10%
12 y4
New
common
,
4% Feb
common
6
4% Jan
8%
12%
4,100
10%
9
4.000
24'A
100
Feb
Corp
of
5
common
Jan
13 7A
A 4%' Mar;'A
-
<
A
Co
.Jan. A
.
50
;
8%
Jan
16%
Feb
■
Jan
58
Jan
36%
Feb
Mar
25
s,
38 %
Jan
13%
20
Feb
Feb
55
Feb
/
25
"<r .V.
14
—2
"5%. :".W
5%
10 Y4
9%
-
37% Mar
13% Jan V
Jan
Jan
145
Feb
21
170
6
13% Jan
11
2.200
Feb
23%
Jan
20%
150
Jan
Jan'
4%
24% Feb
21'A
,
170
37
ll3/4
12 y4
200
18'/a
20%
7.800
ll3/4 Mar
17% Jan
:■
34
Jan
Feb
37%
Feb
443A Mar
300
44 3A
31%
2.300
Jan
7%/Feb:/
12%
.8% Jan/
31% Mar
103A
Jan
Feb
178
4.500
'
»W, 43
20 V*
17% Jan
.140
40
12%
Jan
15
13
A.nv'
24%
Tar
Textile
&
Chem
Co
24%
Co
27
20% Mar
62%
65
A,
~6%
1
6%
67/8
24%
Jan
45
Feb
20% Mar
•2.400
27
Mar
62% Mar
200
5%
17.800
12
11%
127/b
87%
84
11% Mar '
200
84
•
Jan
15%
83%
2.700
84
Feb
87
Jah
6% Feb
41% Jan
A
Jan
40
87% Mar
Feb
Ltd——9
—•
Ltd—
9
10
—...—•
Jan
91%
Mar
83
58%
25
Feb
65:
Jan
Feb
98 V2
84
Jan
103%
Feb
A A-
£1'
'
.
lOYa Mar
97/a Mar
1.000
(
,
16
200
Feb
800
6%
14%
19 V4
Jan
.
Jan
10%
Feb
16%
Jan
•600
16
A
f\
•
Feb
2.600
15%
Feb
20% Jan
400
13 V*
Jan
16% Jan
9.100
3%
Feb
4
■£}
45/«
Jan
-
East Gas & Fuel Assoc common
'A
4%%
p:
6%
33%
54 %
54 %
200
:
Jan
35
Jan
Eastern
Malleable
Feb
34 .Jan
Eastern
States
Jan
....1
•
:::io
i
pfd.
12%
•18%
12%
100
17%
18%
400
Feb
Jan
12%
14
13%
14%
4.100
105%
940
Jan
17% Mar
34%
.100
pfd__100
-52%
13 %
Jan
Jan
120
105%
105
Jan
105
Mar
27% 'Feb
59%
$7
99
Corp—
.u-
69
$6 preferred
Jan
37%
:
/
70%
68
53%
,
Feb
.50
3% Mar
.
150
69
Mar
75
A
68
Mar
625
51
80
<
37% Mar
68%
51'A
65
2.700
33A /' 4 //
69
.
Jan
8
104%
97»/a Jan
400
950
Jan
6
3.600
73
37%
Iron
preferred series A
series B.
Associates—
Jan
117
7%
102
69%
prior preferred
32%
25
6%
6%
99 %
preferred
30
117
54%
—
5%
V
Feb
■
/
A
,
-
42%
5
80 V-
A 79
Feb
Jan
Jan
Jan
Feb
Feb
Eastern Sugar
14
Jan
"22%
Jan
41
Feb
16%
Feb
A.-
68Y2
$5
preferred
Washing Machine B.
Economy Grocery Stores
9
Electric Bond k Share common—I
Easy
120
Jan
$3.50
106%
Jan
$4.20 pfd. formerly $6
pfd formerly $5__—
9
9
51 Ya
12 >A
11%
273A
vA
12%
X27 'A
2.900
-
200
563A
Jan
11% Mar
14%
Jan
25 *
29 3A
Jan
Jan
Jan
75%
25Ya
Jan
19 y4
21Ya
38.800
18%
Jan
74%
20 y8
<
'12% Mar/
22% Feb
-.9Ya "10%
17
17%
B common.—9
Duro Test Corp common——1 AAA^A///A8%/A. 8%i/
Duval Texas Sulphur
v-A
15%
15%
Jan
25% Jan.
36% Jan,
30
160
21.
.
3,900
"
A***///
Feb
1.900
-
16 J/a
Ya
Jan
21
2.200
373/4 A.
:
50
AAA 75/
——
11
>
common
Dunlop Rubber Co Ltd—
Jan
18'A
3%
.
32% Jan
'5% Jan
297/a
Vf Am dep rets ord reg
Durham Hosiery class
Jan
ll'/s
v
,160
12V*
—1.
—.—
Ouke Power Co
Jan
15'A
33%
America
Power
20% Jan
8'A Feb
,
Jan
v.'rr'
A
Power 1%
York
;
Jan
29%
reg—————£1
Driver Harris Co
11% Mar
Mar
Jan
Jan
Jan
Co Ltd-r-
Draper Corp
Feb
16%
3%
common
Central Maine
Central New
13
V-'
—
10
1
Domestic Industries class A com
4% Feb
900
11
33%
>A 5% Feb
20 V4 Jan
6a/a .Jan
30%
24% A
15
10
Co
Dobeckmun
Jan
13%
Carolina P & L $5 pfd—
Carter (J W) Co com
Casco
Products
Castle (A M) & Co
Catalin
27%
54
,
363/4
13Ya
15'A
1
10
Co
Diana Stores Corp
8% Feb
3% Mar
100:
18 y4
A 6,500
; 450
10%/
22 V*
'
*
—1
preferred
7 %
Jan
15% Jan
200
10% Jan
Class B
Carnation Co
200
323A
"
..
53-
—.500
Products
Steel
Detroit
68% Jan
102% Feb
1.300
4%
>
55
;23
36%
*38
Detroit Mich Stove
,
Feb
8%
43 -;A Jan
<
Jan
.13
14% Feb A ;$A>18> Jan
7'A Mar
9% Jan
800
1,100
—•:////
6%
20
class
A
•":
20
30%
—
preferred-.
20
Detroit Gray Iron Foundry—.—.!
.100
Products.
Co
•; ■
.
•
non
City
-
8-V". .1,800
7Ys ' -7% i
1,700
30/.;:'/ ;>/' 25
4% >43/4'" A' 200
25.
Mfg
Jan
7%
108% Mar
6Y4 Jan
.
24% Mar /
....3../ ,Mar;>
:
30
31%
Derby Oil & Ref Corp
Detroit
4
400
-7% Jan
•••
;
\
37% vFebv/.
——
common—J.
23
11,200
Jan
A ;Ai.l75
153A
19%
•-
:
j
Mfg class A common
8
86 prior preferred
50
8% debenture—100
Am dep rets ord
Divco Corporation ^
18% Mar
2% Mar
56,400
common..
voting
Canadian Marconi
Capital
16.
15Ys
IV*
; 7%
convertible—
Distillers
Mar
>
53% Mar
Jan
100
6,900
4,700
.••3.%v 45,300
:7%
Davenport Hosiery Mills————9
Dayton Rubber Mfg new com.—-—-50c
Jan
Mar
13-
.
14% Feb
Feb
A- 3'A
-
A
Class B
1,200 i-ji--H&fli'i'- Mar
AAaoo /
.A: 27 Ya
27
15%
8A
4% Jan
12
Feb
4%
25
A;
/'
39%
i3%
common..
Class A
Jan
4Ya
A' 10
/
Jan
i
:
5%
-
37%
common..
Tobacco
18
17
11%
4%
10
A
Jan
Jan
''
45
41
2,700
.8%,
Jan
10% Feb
—
Jan
25
30y2
11%
'
preferred
12%
3,500
,
5
><'
"> >•
111% Mar
•
••
4-
A0--;
Jan v1
Mar
26
Feb
33
v
-
Feb
A12% Feb
13,800 .V /'.1%
.2,100 V- 31: A
2%
53%
(-6 «• i 6%
106% 108 %
63A Jan
47/
"
'
.5%
27%
33
/
'
Jan
140 «-A 110%
Jan
83% Feb
29 Ya Jan
<
Jan
a/25%
11,600
111%*'
9%
-fev
7,300
7
12% Jan
Jan
Jan
V//34/A Jan-
800
<
1
47%
,
Canadian
Class
Feb
9%
71%
1
27%... A. 400
11% A.12%
.3,250
.26%
•/•/'■:'6:>;
.
/
-
28%
-
preferred
Jan
Mar
200
m
2Vz ',••"•3'
8%
10
9%
31'
8%
3,300
42
13
12%
Jan
112
91
D,:|
7% Jan
Jan
44
/{Xv
.
1,300
17
A 9%
> :•
53
Sugar
24% Jan
3% Mar
1,500
\>■'''■> !<■
/A
',42.-'
27%
A
;12
://'
:■'/
1
Atlantic
Jan
100
.10
118%
2,950
11%
'
F-:V*%-'r
—9
-
Lighting Inc common
Curtis Mfg Co (Njto)--
Feb
Jan
6
Jan
Jan
3,100
vioy*
,
Jan'
11
Feb
Feb
25%
"4
/>';.39
•
Feb
Mar
21% Mar
44%
34% Jan 3
>:
Feb
27%'i v- 2,100 /••A 22 A Jan
r5V2 ' : 2,800 i- :* 4% Jan /
■
<111%,
•
Dennison
50
'23%'Feb
v/fiAAJa bA,
Mar
35/B
Jan
77.;..,
.
•
Feb
9
.
Feb
10%
..75;4Ya
Curtis
— —
—
.—1
—.
Corp
Insurance
Fire
118 y8
243A
Feb
31
23%
200
>
17% Jan
.
....
2,300
-
3% Jan
Feb
5%
Jan
47/e Jan
31
Feb
20%
_£1
853/4
26%
common—.
convertible
100% Feb
«"•'•% Jan
40% Feb
5
16%
1,100 /
82 1,400
40 A 115%
20%-
Jan
33
~
...1
Tungsten
Camden
6%%
pfd
••
97 >A Jan
•Sti Jan;
37 Ya Mar
300
....-—•
(Md)_
Cuban
Jan
27Ve
22% Mar
'
..
Feb
//
,600
m
A
...42
5
Crystal Oil Refining
ih.x $6
" Jan
100
41
.500
Jan
;
v-
33A
m 4%
y
——1
Petrol
Crown Drug Co
Jan
39
1,800
1,200
8,200
5
25o
certificates
/,
20%
118
.76%
Crown Cork International A—
■
Jan
57%
150
30
13%
Wireless—
12%
48
116,800
5;'/A'*,450>5,800
;- A.
Jan
48%
55
500
Cent
Dominion
&
%
3%
•iio//
.50
Brewing Go
Crosley Motors Inc
Dominion
Voting
Jan
Jan:
4
Croft
Jan
'•
Jan
Mar
17
Cable Electric Products
common— .BOfl
Jan
43
108 V*
/Dominion Bridge Co Ltd.
Dominion Steel k Coal B
Cables
43A
19%
108%
Creole Petroleum
23% Feb
5% Jan
45
42
12 %o
-.46%
39% Jan
620
84%
ii8.y»
.1
preferred.
37% Mar
9% Feb
,•>'■.•8Ya
dep. receipts (prd reg)_i£l
Jan
40%
...6
American
30
11,900
135
—
common
convertible
.Courtaulds Ltd—
Crown
160
2.50
8ullivan
Am dep rets
Burry Biscuit Corp
(P
Mar
300
9
Burma Corp
Butler
>
700
9
Mills Ltd
&
£%
Feb
Jan
88
4% Mar
27% Mar
7Y4 Jan
10,900
900
38Ya
•
„1
Crowley Milner & Co
9
Buckeye Pipe Line
Hill
Mar
Mar
181
49 w? Jan I
/
■:/14%Mafo&
2,000
3.200
8%
-'A
37Y4
84%
.100
•
common.
kv:
44% Jan
■
Petroleum
19% ;Jan
f% Jan"A
20 A
.50
Reynolds.
preferred A.
$6
Cosden
Feb
/
22%
25%
57%
.
43
'*4%
•/-;
/
—.—1
Corr<x>n k
Feb
25
21*
..——9
Brown Forman Distillers
r
Ltd——5
———
16%
8,400
,v„.
45
3%
Brown Pence & Wire common
Class A preferred
Bunker
26%
«%
Inc
Dejay Stores
21
%
■'
27%
21%
144%
British
Silk
/
Feb
Jan
Mar
81
Jan
36
—£1
dep rets ord reg
British Celanese Ltd—/
Bruck
v
:///•
dep rects ord bearer
Co
Jan
'
Am
-
97% 100
%
•;
& Machine Co—-1
Cuban
/
9
7%
■
140
.10%
12% Mar
—9
——
British American Oil CO:
British American Tobacco—
(EL)
28
9
c
———.——.
Bruce
'
17%
Jan
50
138
21
-
1
'
Am
6
A 23%
9
8%
14%
5%
30%
."4%
..100
1,000
25%
45
>.
100
——
4% Mar
19% Jan
37%
5 y2
47
—9
common
A
Co
400
24 Ys
138
33 y2 Mar
8%
A
98
:
4
^Continental Gas & Electric Go1% prior preferred...
Cook Paint & Varnish Cq.
Copper Range Co—
-
Feb
125
Jan •;
165
11,800
-55 Ya
Co.....—-29
Aeronautical
'
.Mar
.
'
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo Mfg Co common
Class
Textile
*
13%
5%
9 »■?
Brazilian Traction Lgt & Pwr.
Corp
Consol
Coro
6% Jan
50
20
37 Ya
—.—..100
x417/a Mar
60
Jan
14%
4%
27%
1
Cornucopia Gold Mines
21 % Jan
800
'
common
50
i>-
100
'••***$
—
Feb
14
310
25%
-
1
6% Mar
17% Feb
200
•
40%
Corp————9
Jan
50
1,400
29
4%
19%
12 3A
13%
1
44
Jan
32
" AA oA/FebA'
.400
37%
•
Steel
21%
37% Jan
~4%
11
Mar
—.1
Stores.———1
Royalty Oil
10
20
;
1,200
26%
26 Ya
..
optional convertible preferred—9
Blumenthal (S) & Co
9
Breeze
25
200
.
»
9
.
(E W) common
Ridge Corp common
1st preferred
78
7% A8%Y?
178
179
"
100
9
17
:-A
7Va
26 Vi
9,700
18
73%
8%
,
Retail
'.12.,,
Jan
Feb
125
167/a
$3
Borne Scrymser
Bourjois Inc
Consolidated
8% Jan
1,800
73
74
1
700
7%
^
St Smelt
19% Feb
200
10 Ya
*
—1
common
Co
15
2oy8
9%
1
10
28%
£
Consolidated
Jan
.
12
17
100
preferred
(H C)
20
8% Jan
16,900
9
common
1
Birdsboro Steel Fdy & Mach
Co com..9
7%
13
20
1
—
Blckfords Inc
Bohack
12
9
Berkey & Gay Furniture
Blue
42% Feb
A/A/AA? A1/ 10% Jan
Bell Tel of Canada
Benson k Hedges common
Bliss
800
49% Jan
'
—I
Beaunit Mills Inc common
Beck (AS)
Shoe Corp
Bellanca Aircraft common
Blauner's
16%
—
convertible
Convertible
100
15%
39% Feb
41% Jan
15% Jan.
3,900
41%
Mfg—
1st preferred
Brummel Ties
Beau
43%
Continental Fdy
Corp
Seelig
41%
41 Ya
.1
Jan
29%
—25
Utilities
17% Jan
12% Feb
11
6%
Jan
Jan
145
14% Mar
300
•
Consolidated
Basic Refractories Inc
Baumann (L)
common
1%
43
30
:
shares
Steel
Barlow
Gas
14s/a
Jan :<
Jan
Feb
155
3.400
preferred series C^——100
Consolidated
34 y4
Feb
Feb
Mar
175
'
Feb
140
1.650
v,r-' 4 r
Jan
26%
———9
—
Consolidated Mining
Andes-
Barium
preferred
Jjjn
16%
17%
5
—1
;
X 17 Ya
Jan
150
630
%
15.100
>37%
warrants—
Biscuit Co
Consol G E L P Bait common
4%% series B preferred—
A 4%
B
Babcock k Wilcox Co—
Baldwin Locomotive—
7%
preferred
•
71%
100
Jan
78
Automatic
29
preference
Mar
175
9,400
2%
14.300
-
152
X41%
28
A
t
Feb
Jan
15>
75
11%
6%
18
(new)—
.«
Commonwealth & Southern
% Feb
Automatic
& Sons common
wrnts
Jan
.12
9
5%
Iron
Fire, Arms
16"%
4,800
•
Feb
160
28
281
—*.
Feb
Jan
14%
1
12%
12%
3
'
■
11%
16
———1
&
22 y4
Jan
142
75
17%
147
*
——100
Airlines.
Fuel
Feb
13% Feb
PlowCo common———,^9
Development ordinary
Patent
Jan
22
20 %
25/a
Illuminating
11%
'
29
150
-
Colorado
10 y8
Jan
21" A
155'A 165 A
27
28%
Aluminum: Utensil CO—■—
Colon
Jan
140
2%
10% Jan
,
200
2'/a
157
Co.—
Electric
Jan
/A
A 28
—9
Feb
,
6%
>300
........—•
10%
1
preferred
Ayrshire Collieries Corp
1
10
Feb
49% Feb
A.. 49.%.: Feb,
Jan
16%
12.800
147% 150
Jan
16% Mar
8%
■
13%
48"
144
Jan
,'••37;/
A 36 :•:/
90
200
:
■
22 y4
'17%
100
__—
210
3
50
6%
•«
Cockshutt
13% Jan
Mar
Jan"
106
17 in
;
Jan
11%
Corp
Machine
V.'.V"
Feb
22%
10%
'
X
Coast Line Co
Atlas Corp warrants
Mining
Coal Corp
Industries Inc
Clinton
Coast RE Co pfd..l00
Fisheries
147%
''.'.r.'T.'*..%l
Clinchfield
7% Jan
%s3Ll //Jan:.:"
11
37
100
16%
& Macli_—i...4
Controller
Colonial
Atlantic
Avery (BP)
Jan
7
Jan
21
Stamping..—
Cleveland
14% Jan
21%
•
& Tel
Plywood
;
Jan'
10%
112%
•
Atlas
Feb
11
£1
Associated Laundries of America
Coast
Feb
5%
Auto
117'A Feb
Feb
,
43%
.'20%
Claude Neon Lights Inc
Clayton & Lambert Mfg—.—
Industries—
Associated Tel
Atlantic
Feb
5%
v
21% Jan
18 •"••. Jan /
10 y»
42
mats
8%
17
preferred———'147%
Clark
Jan
22
;;
....1
dep rects reg
&
115%
r
,36
common
if
k
■
1.075
138
38
36
29
60c preferred B—
City
42%
Jan
200
2.50
Ashland
Feb
10%
10,500
38
City & Suburban -Homes...—^—.—..10
37
1,700
6
43 Vi
■
/ $6 preferred BB—
6% Fetj
Jab
Jan
11.500
Jan
112
3,900
5%
Arkansas Power & Light $7.
preferred.*
Atlanta Birm
11%
10'A
5%
p
1100
•
preferred
American
400
5%.;
114% 115%
114%
12 Ya
38
America
Consolidated
$6
300
r38 %
ser—•—.—
SChilds Co preferred
A
1
w
.
19%
117%
Cities Service common:
17% Feb
£1
*\i
I
Chief
15% Feb
300
18
11
1
dep rets ord reg
Aro
"X
'./• 7% Feb
12% Feb'
Jan
of
Range Since January 1
Low t'/.t.. v
High
High
All%
'
12
common
Chicago Rivet
.;;Feb
59% Feb
Jan
v.
Feb
121
Jan
43
4,100
6%
Corp
Shares,
18 V*
Cherry-Burrell common
Chesebrough Mfg
3% Jan
Jan
119'/a
S
common
Angostura-Wupperman
6%
11
Jan
54%
10%
Pence
Angerman Co Inc
>
Jan
2%
6%
•
Jan
20% Feb
49%
51
Chamberlin Co
Cnaris
'56
Low
128
Cessna Aircraft Co
Feb
for Week
of Prices
pfd
ser
Sales
::V>?; Range
2:
preferred
Jan
Jan
'•
West Utilities..
pfd opt div
Conv pfd opt div
Jan
8%
200
:> 52,300
-.
South
57/8
15%
Week's
Last
Products
Conv
Jan
v
Steel
46%
Mar
46
5,700
x8%
2%3
>24
;
A
Jan
41
200
50
17
V33A Mar
39,400-
43%
7%
,,
Anchor
Am
22
43
Ohio
'•.( A
A,„ >
'
V
I {Cent States Elec 6% preferred.
Jan
32%
Jan
20
A
~
Central Pow & Lt 4%
Jan
27%
;28% Jan
700
.
46,
Jan:
24%
2,000
30
A 3%
IT#
preferred—
Paper common-
5,700
8%
$6 series preferred
5%
26%
18%
..10
Republics
*
American Seal-Kap common..——
2
Amer Superpower Corp com
10c
*
1st $6 preferred
Thread
40% Mar
46 >/
Chemical——
American
American
24
250
"
Central it
33% Feb
Jan A/
450
%
43
&
Feb
28
V
Central
Mar
41%
29%
,21
21
1
*
50
54
25%
25
common
Feb
Jan
26%
26
25
—
American
47
50
40%
27 V*
20
—
54
v'
% Jan
52 V
275
49%
54
25
American Laundry Mach
Arberic&n Light & Trac common.
48'/a
15
Jan
14
700
15%
Friday
hr
Exchange
Sale Price
High
LOW
High
14%
AA
49
STOCKS
New York Curb
Range Since January 1
75%
300
72
Jan
757/a
Feb
75%
78
800
75% Mar
783A
Jan
.Volume 163
THE COMMERCIAL
Number 4473
EXCHANGE
NEW YORK CURB
RANGB FOR WEEK
1
,
CHRONICLE
& FINANCIAL
ENDING MARCH 15
■
.
•Sales
Bangs
!
•
>
'
.
, v
Sale Price
•
.
P«r
„
Electric
j
v"
Power ft" tight 2d pfd A.——•
nfiMfm,
I
Low
inarmntB
j
t",'
.
56 Va
X31%'
,
i/■: 6% .-'preferred'' w—--^--^-.-—60
Empire District .Electric,5% pfd.-JU>0>
i
Emsco Derrick ft Equipment.*——
•
Equity; Corp onmHinn
>
$3 convertible preferred
1
i
ft.
:
;
V
;
,
^
l,
fO
—
62
^ ',*325- ' *50^
109
Jan,
111%
13
14
700'
13
Mar
15
3%
4
12,100
3%- Jan
'4%
52% 53%
1,175 •■"'' ; 49V2 Jan "...
56
mai. -irM/,,
i mir
tau. jan
'
22
32
32 W''S
250 " • 30% Jan
'? 32%
52% 58 W
5,800
x41V2 Jan '
59%
14
3%
.
52%
Ifcy
V... _*
54%-
Illinois
Feb
Feb
Jan
Zinc
Am
(Can) coupon—.
7 %
pfd
:
Association
'•
$3.50
series
———•
shares
Products
1
Royalty
Investors
Ford Motor of Canada—»
Iron Fireman Mfg voting
Class A wftn-VftMwy
"Class W vnMny
«
*'
'
:
Co
Investment
International
**
■
100
America.—-10
International Safety Razor
—11
(Phila)
dep .rets ord.
-,14% Jan
———10
B<
•
International Utilities Corp com
IB
Interstate Power $7 preferred
•
1
Ford Motor Co Ltd—
Am
Jan
Warrants
Federal Compress & Warehouse Co_21
Fire
Jan
Feb
Jan
15%
'
——100
Insurance' Co of North
::r Registered
—
12%
7%
15%
'•
■
Jan
International Petroleum coupon shs—*
Fansteel Metallurgical
Fedders-Quigan Corp
13%
——B0
1
•
international Minerals and Chemicals-
*
1
I
7% "Jan
13% Mar
International Metal Industries A
1
;
Brewing.
32% Jan
International Cigar Machine——*
International Hydro Electric—
1
Engine ft Airplane..
fta Aft rftrtv
i
Falstaff
High
r
preferred-100'
preferred-
preferred.
Preferred
Falrchild
:
Jan
£1
Indiana Service 69k
Jan
25
5,000
/
1
Britain &
of Great
Tobacco
Imperial
Low
.,
32%,
Registered
—
Imperial Tobacco of Canada
Indianapolie P ft L 5V*%
Feb'
Mar
Range Since January 1
High
29
il
*
dep rets regis—
Imperial Oil
International
Palrchild Camera ft Inst Co
•
Co
Ireland
Jan
30 Va
Imperial Chemical Industries*AX
Feb
;■ 39%; Feb
> J 53fc v;Fbb;
24% Jan
3,600'
12% Jan
24% Jan
.
f
..
1*
—
10.
19%!
56 '
56 %
30% "32%.
Shares
V;, Low
155 /Feb
' 200" " 139' 'Feb
?,300
65/a Jan
100'r
19 % Feb
500' *50 ' Jan
50Vi'51^
v'
,
Eversharp Inc new common
v
;
.
Eureka Pipe Line common
8%
19'/a
,.,
Elgin National Watch. Co.......—ir
EUlotfCo mmmAn
'
'
™
jV
150
m
-
ayiArtr/igrnphiA nh»p
148
150
'
High
,
Range Since January 1
Low
High
Shares
of Prices
,
'
for Week
of Prices
Last
Sale Price
;
Sales
Week's
Friday
;
Week's
Friday
TOOKS
trust ctfs—•
——I
Irving Air Chute
Italian Superpower A
f
—•
Ford Motor of France—
Amer
•-: -'•>
rets' • *"»«*«"»
dep
Fort Pitt Brewing fin
(Peter) Brewing
«
1.21
Distilling—-w——-—1
Fox
Franklin
Co
f
,
Froedtert
Grain
Malt
&
Fbller (Geo ai r?nr.
$3
.t.
stock.
conv
——•
convertible1 preferred
45$
100
—•
290
preferred
Jillian & Kokenge Co
7%
•40
•
-
.
Jan
Jan
"
Jan
108
109'/2
Feb
111y4 Mar.
--106
375
33 %
Jan
900 --17'
Jersey Central Pwr ft Lt 5%% pfd__100
'6% preferred—i——~100
1
common
•
Jeannette Glass Co
Franklin Btores- ;
112%
109% Mar
X26
Jan
Jan
27% Jan
—.1st
Eansas Gas ft Elec 75k preferred—100
Kawneer Co
—
*
Uauneau
Power
!
|
14
Ken-Rad Tube ft Lamp A
•
97
Key Co common
Kidde
(Walter)
B
commo"
—1
common
17%. Jan
14%
14%
14%
>
9%
—
12%
10
9
General
Fireproofing
General
Outdoor Adv
6%
pfd
General Plywood Corp
;
General
Public
stock!
Rayon
General
Shareholdings Corp
$6
Co
convertible
l. ;
A
(AO)
7%
Feb
Jan
Jan
7% Mar
5
Feb
•
104'.
113% 113%
111%- jan
-.
53
——1
Co
f
Jan
Jan
19%
^
Brewing
Krueger
Jan
27
1
Kobacker Stores new common
Feb
110
29%
31%
e
■
7%
5V8
Jan'
Mar
105% 106%
106
•
W..1T-TT„,-.
11%
110'
...
enmmnn
Preferred
13%
5
5
1
■„
104%
117% 117%
•'
nreferrwrt
$5
24
:106
12%;
..
•
nnm
preferred
Geoigia Power $6 preferred
Gilbert
106
•'
preferred
General
<
104
....
Service- $6
25%,a 26%:
_i
106'
• v
common
Jan
9%r Jan>:
'Warrants
*
Co-
&
Kimberly-Clark Corp—
4% % preferred
100
Kings Co Lighting 7% pfd B
100
5 % preferred D
100
King Seeley Corp.
:
1
Kingston Products
1
Klrby Petroleum
1
Kirkland Lake G M Co Ltd
—1
Klein> (D Emil) Co common———*
Kleinert (I B) Rubber Co———-—10
Knott Corp common
—1
.
Amer dep 'rctnl nwi-wy '•
General Finance Corp common-—1*
•5% preferred series A
IB
•
(
Jan
7% Feb
7%
Gen Electric Co Ltd—
Jan
•
9% Mar
11
General Alloys Co
j
——8
Kennedy's
*
—10f
co
5%
preferred.
Gellman Mfg Co
Inc—
10% Jan.
Garrett Corp enmrnnn
Jan
32%
.
5
23% Feb
'
Gilchrist
Oft
:
NV
Gladding McBean & Co~«———•
;
1
-
j
i\ y
-l|"'
v*;V
Gleaner Harvester^ Gfti^»'
.
Glen
Alden
Ow>ii.
•
ClaE^S
27
•;'
>' «.'•
-
;
r
Gnrham
''
$3-.
Tnn
Gorham
elaan-A
.
Mfg
an
common
'Gray Mffrr>»
■
■
■' *-•••
Grayson-Robinson
.10
•
■
i
•
'
common
prAfarrwd.
•"
Great
Northern
Grocery
Stores
109% Mar
li6r" 19%
38% Mar
17% Jan
•
13 y»-Jan
6%
39
•
—
Products common..28c
Gulf State Utilities $4.40
pfdL.
Gypsum Lime ft-Alabastine
.100
^
T%
Kan
Lamp
Co
I'.
Hamilton. Bridge
Hammermlll
Electric
Hartford
|
Rayon' voting trust ctfs*
Brewing' Co:
..
ir
Mining Ctot
-M*'
I Hearn Dept Stores common
Rubinstein-———-.
Class A
■">
Heller
|
I
Co
1
20%* 21T/a
17
-
-18
'
'
10%* Feb
600-
20%-Mar * ■
26% Feb15% Feb
19%< Jan(
15%t Feb1' -' • 19%fcFeb?
37%Mai?"44% Janv
90Q
15%- 16%' - '2.300^; 37%-i- 39<-206^'
—15% 15%; ;
150* 7
-
—•
•
■
i5y4Mkr";$-v5l6^'janf:
14% Mar*-
;
19
53 : • 59
"
1.409*
73%.77%
2.000*
14%" 15%;2.400-
54%
—10
—•
|
Holophane Co common-.—,
—*
I
H0"11®1
| v
Horn & Hardart Baking Co
—140
Horn
—'-
[■'..'V:
|
|
Horder's
5 %■
|
!
Stores
;
Corp..
—.
^
—*
'
!>-•':■ i-.fi': Vv.;•■••?>'
—4*
Oft
35-
common
preferred
—
Electric Securities
Hygrade Food Ptoduots..—
—1
—•
—8s-
■
:
.
40%1 Jan:
■
59* Mar
80» "Jant
:17%*Feb"
Exploration—1
$6 pfd*
Land &
:
,
-
-
5
.22%
27% Mar
500
27%
31
53%';
5.100 *
10
11 y2
1.900
26
29
49
50
15
17.
28
.
.
15'""
8%
■
,
8%
r.
' J
43
28%
"
10
Mar v;
23% Mar
'
;
45% Jan
15
Mar
175
9%
.,44
6%.
500100
;
48% Jan;
600
'
-
;
150,
6y8
100
28%
500
■
-v..
r
Jan
44% Jan
140% Feb>
^
43% Jan?
115% Mar"
39% Jan*
* v
33%
Jan
55^
Feb
; 14
Jan
30% Jan
50
Mar-
17% Jan
8
Jan
10%
43
Jaft ; ■'
50
5 >; Jan> ,;V:
7y8
22% Jan
32
Feb
Jan
Feb
Feb;
n
,,
optional warrants
Manatl Sugar
,
Marlon Steam Shovel,
Mass Utilities Association v
For footnotes
see
McCord
Corp
$2.50
pfd—100
——,*
—*
common.
preferred
!■
McWllllams Dredgingu*—
..
17
17%
2'%
97%
10%
'
33.800
103
104 • ;
225
96%; 98
2.350
10%' 11%t10,100
Stores
Messabi Iron Co
Metal
Textile
Midland
150
42%? 44
17%* 18%.
1,800
30
10%
10%
1
25c
15
1
110 y*
110
60
2.50
*
1
Petroleum class A vt
c
c.l
1
8
preferred—•
Corp common.-—
7%
-
9%
7%
9%
97/s
60
8
4
15
47/a
11
12%
19
19 Vz
16%
16%
14%
,
2,100
75
33,400
300
60
700.
300
7,800
V
600
1,000
100
$2 non-cum dividend shares—
Mid\ ale
Co
common
—
Abrasive
Midwest
Oil
Piping, ft Supply
Co.
Wohl
conv
Co
common
preferred
—
•
*
50
10
.*
-1
1
50
•
——100
y2
Jan
Jan
10
Mar
30
26%
12%
Jan
.
Jan
110y4 Mar
11%
Jan
12 V*
Jan
60
Jan
.
9%
Feb
177/s
Jan
5%
Jan
13%
Jan
24%
Feb
18
Jan
3%
2,600
4y8
24
25 Vn
17,400
25%
Feb
14%
14%
25
16
Jan
31,
32%
100
35
550
47
3%:
Midland Steel Products—
Mid-West
Feb
20
27y8 x29
3,900'
3,600
...
$2 conv
2)100
20%
29'/a
21%
Corp
Oil Corp
Feb
Mar
1,800
18%
20V
10
t
Feb
5,400
27 Va
Micromatic Hone Corp
v
Jan
12%. Jan
1,000
,
37/b,
•
—8
:
Preferred
Class B
16
3
15%. 16
3,100
2,300
Michigan Sugar Co
Middle-West
15
8%
Participating preferred
Michigan Bumper Corp
Michigan Steel Tube.
Middle States
107%
si 98%
55;
——100
A preferred
6%%
Jan
3% Feb
115%
——.*
common—
Chapman ft Scott
Merritt
Feb
19%
|
Feb
30
6,400-
;
3'A-
8%
Memphis Natural Gas common
Mercantile
—*
——-—1
Mead Johnson & Co
5 %
1458,
17%
Feb
26
25
250
*
•
Mining Corp of Canada.
Minnesota P & L 5%
pfd
page
26 y*
*
common.
McColl-Frontenac Oil Co 6 %
Miller
5% conv preferred
Dividend arrear ctfs
25%
25
8
£1
—*
t C———1
Mid-West- Refineries
i
25%
16% Jan
27%
><«,-««
Communication'Co1 Ltd
Massey Harris
Mar
;;•«
25
■-
Consolidated Mfg Co.—
Mapes
Marconi Internat Marine
Midwest
Illinois Power Co common.
2,900
-
•;
■—1
Mangel Stores common—■■
.
(The B) Co—
Manischewitz
eFetf*
Feb-
40,;-, fiWIfr '
37% Feb(
115%113%:* ,». V 10^113% Mar
34
36%-. -2.00032% Feb
,39
11
—"
Hydro
__
51%.
__
-
:~jl
—1
■
52%;*;
.
—-
,
; Com stk purch warrants
'1st
26% Jan
22%i-Jan
400
27
Feb'
*'.-v.,;. ,-r-• •:•;
—• VJ
Hummel-Ross Fibre Corp
Hussmann Ligonier
c; $2.25 preferred
,f
—8
Hubbell (Harvey) Inc
Oil & Refining
!v
26
—__
-100
preferred.
l;:t Huyler's
»
26
Mar
20% Jarr
Humble
j
.
-'14%'
Inc
(Geo A): ft Co common.
& Hardart' common
Howard
74%
*
Jan
•
111
46
Jkrt 1
65- Feb13%-Jan'i
& Co class A
Hollinger Consolidated' G M_^.
(R)
17
107% Feb-
!_'•
600 *
19%
19
—
.2.Br4
IHeyden Chemical common L
,
•
•'•:••
—1
-7%' Jaff1.
14%« Jam
900
—1
common
z1 5%% "preferred w w
—,
Henry Holt & Ccroommon—1
Hoe
'•
4%'Mar
2iI0d*
5V*,r.
72% Feb
Mar
'BT^Mar'>"'■ \;r< T'A Janl
3.009-
11%
11
20%:
"
67
6%?-'"'
5%
4%-
1
com
-*-•'*;-.4
Heels
900
20CT
_
'
5-
]1 Hazeltine Corp.*....
Helena
9%i
17% Feb' ;;11% Feb-36%Ma^;- >41% Jan«
14* Mar
8% Jan
401F
15
8%;'
Light
Hat Corp of America B non-vot
-
14%
9
35%-' 36
Hartford
Harvard
li%
•*
Ltd.
Co
Paper:
15
15
26%
Louisiana Power ft Light
14% Jan
Lynch. Corp .common.
1*
:
25
^
—
Jan
£31
13%
26%
15
3
—
preferred A ctfs of dep..
preferred B ctfs of dem-
Louisiana
113% Feb
115%
dep-
of
ctfs
Feb
Jan
30
Long Island Lighting CoCommon
2$
Greenfield Tap ft Die
s
*
•
26%
.
—
rm,
Feb
;'j. 50
preferred—28
Brothers common
Class A-——T
Class B
I,——*
Locke Steel Chain
B
Lone Star Gas Corp common.—10
27%
Feb
82%
Loblaw Groceterias
.
•"
.
tr-
.
*
Feb
Jan
41.
Jan
3%'Jan
....,1
8
10
—
Lit
18%
;il%
.
28
Corp
Lipton (Thos J* Inc 6%
34% Mar
21 y8
^
■
135' Mii Mar;-
'
Paper
f.
Lionel
Jan
—•
(R G) Inc,,,.-.—..
11
1
«*fteir
Non-voting
I
1
Material Co
37%
a•'•:fi'--i9
v
,
Tea**
Line
^
28 •
i t
Stores
Greac Atlantic ft" Pacific
I
•
^
1 n .IK
Oil Development:.
Leonard
Le Tourneau
Grand Rapids Varnish
|.
i
a
common..
preferred.
preferred
Feb
20%
•
5
—1
Monotype Machine
Prior
V 15%
A..*
—
Convertible
3
.
r^;
,
B
Lefcourt Realty
-::
Graham-Paige Motors $5 conv pfd
;
Class
Lanston
fir
prafftrreA
Wells Co common—
Feb
14
1
B
1
Langendorf United Bakeries class
Sugars^class*A——.—*
Mfg -Cft-.l;-:p,•
Goodman
!
nT, 1
,
,
Lane
TV*
R
'
Lakey Foundry ft Machine.,
Lamson Corp of Delaware—
20%
e>
.,
$4.50 prior prwfnrrAtt.
.rr•>:<> ■
Obldfleld Consolidated- Mines-—— — I'r-
t
Lake Shore Mines Ltd..
.;
Feb;
''
.23%
-
.
Gobel (Adolf) Inc enmmnn
Godchaux
>*■ * '
-
.
^
X38%
6%
ii;
40%
7
nv*
Feb
Jan
Feb
1,400
9%
Jan
i,6oo
12 Va
Jan
39%
6
36%
105
11%
107%
Feb
Jan
Feb
Feb
Jan
Feb
Monday, March 18, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE FOR
STOCKS
of Prices
Sale Price
Low
Par
Public Servlee common—
Missouri
Corp
Pictures common-.
Molybuenum
Monogram
__i
Ward A!
.ml*
Montreal Light Heat A Power
m*
Moony investors partic pfd———
Toe
Morris Plan Corp of America
Moiitguaiery
Power
States
Mountain
22%
3,000
I:
,+■
7%
4
,
20%
46
Feb
4%
$ 4 % Jan
3,300
23%
Mar
8
7 8% Mar
':28 ft
144 ft
Mountain States
26
26
v,
300
18 ft
18%
400
15
15
26
100
-
•
18
Feb
Jan
,
Jan
10ft
Prentice-Hall
22
-
33 ft
8ft
22Mar-
7ft
22 Vi
Jan
27ft
10%
7ft Mar
1,000
i
Jan
35
Jan
Feb
14ft
Feb
53
Jan
12 ft Mar
250
Feb
ft ' Jan
82
Jan
15
Jan
20%
10,000
20 "
Feb
Public Service of
17
Jan
2ft
3ft
3
Jan
Feb
Jan
Feb
>,16% Feb
Mar.
9ft Mar
200
r-
-
•>14
-300
Gas.
j10% Jan
Colorado—
6%
.100
106%
106% 106%
.100
113
113
1st preferred
Light—
50
106%
Jan
108%
113%
;6o
111ft
Feb
113% Mar
108 ft 108 ft
1st preferred
Puget Sound Power A
25
108
Jan
Mar
110ft Jan
Puget Sound Pulp A Timber—
Pyle-National Co common
23
Jan
25% Feb
18
Mar
23
Feb
Pyrin* Manufacturing
15%
Jan
18
Jan
preferred
15 prior
Corp'
Nacbman
—.w—
National
Bellas Hess common
National
Breweries common
pre!erred
I
City Lines common
1%
24
—
Fuel Gas
National
223A
14%
2,800
6,800
24%
15ft
National
15%.
;
Rubber
15%
National
Steel Car Ltd
National
Transit
(Herman)
Nelson
24 %
Jan
14% Feb
22 ft. Jan
19ft
Jan
lift
England Tel A tpI
Mew
,
Clock Co
New
Haven
New
•
New Jersey Zinc:
•—
29
New- Mexico A Arizona Land
y
Auction
Y
N
N
N
125
"
.
—
•
•
38
^
^1,100
-
28,900
common—
lift
10ft
11
Jan
947/s Mar
133 %
.
Jan
Feb
Jan >
81%
Feb
9% Mar
Mar
8%
9ft
19%
21%
v
.
50
150
23%
24 ft
500
Am
108 ft 108 ft
70
Rome
70
Ronson
83 ft
Niagara Hudson Power common
j
>iSt
preferred
1
lift
100
100
,
120ft
87
Mar
Jan
Rochesten Gas & Elec 4$
& Pendleton Inc
ft:
Niagara Share Corp class B com
9
4ft %
conv pfd
-100
$6
Hundred Corp B
Cable Corp
19%
21%
30
Electric
American
Class
6%
B
Rayon class A
American
Northeast
class A—
' '
53 ;
18
3ft
17,100
2% Jan
109% 109%
400
105% Jan
—100
500
ft-
1,500.
:;
55
60%;
59
13%
55%
.
•
i, 166
13%
.
i
; 35%
2.600 ;-•>
14%:
'
800
;>kkkckkkkk'kkk
Pacific (Can Co 'mmbhw.
Co
3.400
22
Jan
31ft
1.700
22
Jan -
5%
800
5ft Mar
6%
2,400
8% Feb
lift
Jan
40
Jan
-
5ft
-3ft' Jan
34%
-•
Feb
^116 ft
New
r; 8eg*l
Feb
■'
"
*:
::
">
'
'Jan
.
12 ft
Pacific Power & Light 7%
Public Service.
Am
r-
7%
Rig
Peninsular
Telephone
;
.
ft Elec
Power
&
class
10 ft jfe? 27,400
-
11%'—16,800
-
v
—
50
50 ft
- -
r
Light
4ft%
:
-500
900
y
»-
r- -
Sllex
-
—.
Steel Co. common
new
"hiladelphia Co
common
Power 5%
oo*ce
"II"""*
pfd.III"
25
common
1^
;
-20-—; Jan
8
15
80
Pioneer
Gold
PtDer Aircraft Corp
Pltney-Bowes Inc
16 ft
com—
75
50
5
1458.
2.400
22 ft
600
,6ft
5ft
10,700
" 180
Mar
»»:■
■:
,.
;
Mar
^
Zt-X:
W
'
"
;k
ft
7157RSr^Pelj^'
250
f
108
>»
1.500.
.
^>7*28Jan
:. 3% Jart;r^%<7ft. Febv',;;>
■i 25 * MarVL.ft 35% Feb >
•'7798"7::Jan
j03^-^'Eebi47
25% Mar
V 100 7
,
7 > ' 108 % Mar ,
297ftJan:'.v.
Jan,>;,.'vV.ll% Feb:. • :•
Jan
24 ft
7;
,
>7 22ft Mar
10%
23%
2.400
8ft
^ftft^Sft Jan.^ft-
ft 7 3% Mar
4
ft
10%
11
14%
7%
22%
24'%
>' Jan.' ..4.-12Vi. Jan
10
14%
class B
preferred;
■
102
107
28
——.
'
18.900
5%
29ft'
101%
B)
14V8 Mar
8%
6,900
8,100
^-..-;>16% Jan
74 'iV'Tft ;!^Ar7,77?i6%^Tlan'^19% Jan> ..rft-24% Mar <7.
705077130:5 ft Jan-^M ■7l5l''7i'Feb.ft>
132%
""110ft Jankk:l 12 .-Feb :"
;4,25% Jan '
27% Jan ft: *
38
Mar
Mar ft:.
650.
^eb.23ft>Jan;.;•;
-
113 ft
Jan
78ft
;
54%
''I
6
•
10
17ft
17
28%
29
1',
—
j 23%
~5%
Sioux
S'
City Gas
&
/
Aircraft
Co—
Sonotone
'x Boss Manufacturing common---—
common—
86 ft
Jan
62'
Jan
Jan
Jan
20ft
;
; 14 ft
Jan
Feb
23
Mar
2,400
.<■//300
"6 ft
r
9,700
lift
7,800
13
2,060
44
72 ft
16ft Mar
Jan
,.
50
74 ft,
820
Feb
18
'3
30ft
Southern
Southern
New
Mar
Southern
Jan
Southland
Pipe
I 15 ft
Feb
14%
Jan
Standard Cap & Seal
47
7%
Jan
Mar
72 ft Mar
Jan
,
;
.'
Jan
16
1,000
14
Mar
78 ft
Feb
33
Feb
15ft
Feb
#
30%
12 ft
11%
715%
'
'
7 %
Feb
Jan ft;
Feb'
•14%
Jan
10%
Jan
62
Mar'
Jan>
Mar
>2,800
>•' 130
55% Mar;
31%
.
.
>>v
■
700
30
7: 600
1,800
v
r
ft.
43
7 Mar
151
V Feb
Jan t
-
k
j. Jan v
32%
Feb
31%
% Mar
29% Mar'
Jan:
150
Jan
:
Jan
.14% Jan
>11» Feb ;
ft
10
710
I
15
.16
,: 400.
300
9%
9%
9%
1,400
11%
11%
12%
2,100
7
14%
■
ft
13%
9% Mar
7
400
Feb
7ft
Feb
18 ft
I
2% Mar
Jan
16
Jan
;
Jan
12
Feb
9%
Feb
3%
Feb
2%
37
39'A
36%
39%
3,800
34%
Feb
38%
36%
39%
2,300
-35%
Feb
44 %
Jan
Jan
8%
Feb
24%
Jan
24%
'Feb
•27%
26
Jan
•
3
Oil4(l£y) ft—.
7
7
800
43%
*
.
•*':
7
,
6%-
7%
*
•
25 %
■" * 5,400
6
1,600
24%"
•
*
Standard
12
23%
Jan
Jan
5
'
31
29%.
■lift
1!>•*
common
preferred
Standard Dredging Corp common-.
11.60 convertible preferred——
11%
•
ft
150
.
'
»
-25
:■
Convertible
•'**"•'
Jan'
"17%
"44ft
30%
36%
Line—
12% Mar
6% Mar f
39
14,100
•3,700
76,800
'2,200
Qt-*.
i
Royalty Co
44
Feb
7,300' r7 6ft Jan£. ; : 10
Feb
315
Mar .77 374-/..-Jan;.- ' '
k:k 270"
ft
281r
England Telephone—100;*'
Co—
10v
Phosphate
.35
I?:'-'
Spencer Shoe Corp—
Stahl-Meyer Inc
Standard Brewing Co
"5 ft
24 Va
'
•32%-Jan
..
60%
■36 ft
--
2J:;
preferred B
13
5%
6%
ft 12 ft
13
A
*■>7 'ft
8>;,
57% 61%
•
7%
*
^Southern California Edison—
—:5% original preferred—
ft 11%
l;12 ft
•y;5%
m k
-l
.—iq
23%
21%
23%
■■
|
Penn Oil
^Southwest Pa Pipe Line—.-m
..Bouth Coast Corp
;;
i
r
Mijla-———-I
-Uf
f South
Feb
8%
325
>
"vc
Jan
487^'Jan 7ftv"46'4Jan k
,
'
319
———100
Corp
Jan
21ft
:
v
Co
,4.
.
•
..
J
j
10°.
Elec Co—.
Solar Manufacturing
9
•.
Jan
—28 ft
15 ft
12%
14'
Jan
50
Jan
J90.
44
14
k
9V8
Feb
300
"
18 -V;
17
800
12%
73 ft
Publications-—
convertible preferred———
115
Ji:
49 Va
44
*
—
common
,f^5ft% preferred series C
16ft
10
Jan
54%
•
Jan
7%
8ft
93
Solar
Jan
84
Feb
82
Ltd
Breweries
Co
__
3.90% preferred—
Smith (Howard)
Paper
Feb
21%
Mar
6ft
...IP
common
J
115
Feb
y" 21
Jan
7 >6Va Jan " *; >9% Jan
'-j 21ft: Feb 7 7: 25% t Jan
5ft. Mar.,•• •-.•:_» -7.Jan
500
19
.
Jan"
162
r 17%
180
18 ft
x7
-1
•
-
k 9Jan.
Mar
6%
23
-2
-.50
1
page
29
17 ft
-50
P'ftsburgh ft Lake Erie
Pittsburgh Metallurgical-^
For footnotes see
"t
•
-II—II"
RR
29
•
Jan
Mar
:
i6ft
I
Ltd.——__II__i
Mines
81ft Feb -
47 ft
"•
_I
Johnspn Ltd Am Shs—.
176
18 ft
7%
$ Singer Manufacturing Co Ltd—
> Amer dep rets ord regis—
——*'
Jan
50 ft
53 ft
•
Plnchln
E
:
x80ft
Co
ft L
75
8 r.
j
Pnillips Packing
Governor
-
•
Pharis Tire ft Rubber
PMla Electric
48ft
114ft 114ft
20
common
176%
.
Jan
113
.
9ft Feb
150
Feb
>> 46ft Jan
-
38% Mar
Inc——:—
Lock k Hardware——
.
Jan
>.
Mar
34
'
—
Simplicity Pattern common
Singer Manufacturing Co—
61ft Jan
8ft
6ft
pfd__,—100
Co
4ft Jan
,52
Feb
Jan
Mar
6% Jan
18.100
r
—.——--V:>
preferred—
(R
10ft Jan
118
—25
99
9 ft Feb ■•>>
Mar
33
300
8ft
7%
1
——
33% Jan
3% Mar
,8
,
—
i.
Brook Water Service—: n
Slmmons-Boardman
k'■}
Jan
15
Feb
39ft Feb
24 - Mar
18 ft
50
•
—2 30
Mfg Co
28
-
8
15%
com-
4%
Slck's
Jan
9ft Mat;
-16V2
—♦
^
51
28
l
A
1.200
42 Ve
——
9% Mar
..
"M 12'A Mar
Feb
$0 7 ft Mar;
6.000
3%
I Sherwin-Williams of Canada.,1.-
-.-26ft Jan
27
77
Power Co
Perrect Circle
New
—.-*•-
-i
•'
2.4:.25%
29
Traffic Co
Bess
Jan
V
water ft
Puts
■'
"■
I
•
common—_•
Pennsylvania Edison Co $5 series pfd-*
12.80 series preferred
]
«
Pepperell
—
46ft
\
Mills
11.40 preferred A_
a»nnroad Corp common
Penn
ft
9ft
Penn-Dlxle Cement warrants.
penn
Jan
—
5
Rdet
ft
8%
33% X34
Bhattuck Denn Mining——Bhawinlgrin Water A Powers
Shetwin- Williams common^—
"v'10O^ * lift Jan
12%
7ft Feb
Feb
9ft
800
Seton Leather common——
Jan
..
Plymoutn
500
38 ft
10%
1
—
Feb
Jan
9% Feb
8
Jan
-
Jan
10%
26
2.100
18.300
12
9%
Inc.
Sentinel Radio Corp common.
Sentry Satety Control—.-
jart
,
"*»..
•
ghs—
Corp
22%
v,
.
Airways warrants——
new__
6
-
4 400
prel
Mar
-107
-
12%
-——II*
common
v
1,300-^7 42>7
ft-:. i-; -106--—,105-ft
115ft
j 40 -> 113 ft
114
•
20a-- ^12
40%
40%
100
pfd."
preferred—
Paotepec Oil of Venezuela
G»s
12 ft
43%^
106
Pacific
k^rsburg
;
>
•
2.200
3%
common
Semler
:
;
12 ft
43%
29
—
8%
.
Jan
■.
;
1.300
8
Feb
19% Jan
5% Feb
Ltd
15.50 prior stock
Allotment certificates..
18ft Jan
a
>
Feb
6ft
Belby Shoe Co__——;——.
Selected Industries Inc common——1
Convertible stock—
—
-f
7--14--''• Mar--'
21
8%
Beiberling Rubber common—
*
1110 ft Jan >
fct' 42
21
2.500
Mar
34
Feb
8%
6%.
8%
Jan-«
f 114%
•
.^
25ft Jan
Feb
30
1.300
common
f Serrick Corp
f
..
.
Pacific Gas ft Elec 6%-1st pfd,
5ft % 1st preferred.
Pacific Lighting' $5 preferred -
Patchogue
•
25
United Corp common
Scranten Spring
•
Motors
109% Mar
20 ft Jan
30
19ft
Manufacturing
Bcranton Elec $6 pfd
4.700
•
37%.
2
—
mount
Feb
16
100
Jan
% 4%
19% Jan
ScovlU
*
Omar Inc.:
"v» *9
4% Jan
13 ft Feb
3ft Mar
.->.■8
Jan
23%
Co
ID A) common——
Convertible preferred
1.300
,
19
Ovar—aaSecurltlafc.
Parker Pen Co
6 00
16 ft
Oil Co
Savoy
Schiff
•
UOO
*
Natural Gas common.
new
1,125
6,200
9ft, 10%
33
31
Schulte
4
.
1st preferred——:
American
Jan
3ft
5ft
»
55%
35%
Oliver United Filter* B_
Page-Hersey Tubes
49
4,800
Regis Paper common
Dome Oil Co
Samson
:
1
Public Service 7 %. 1st pfd
Pan
34%
Feb
11%
Salt
Ohio* Brass Co class B common—37%
Ohio Power 4ft % preferred—
100 V
<
1st
Jan
10%
——9
——9
Work®
Class A $2 conv
St
1.300
9
18
if-
30
10%
:17ft
•'•
100
Bee man Bros
*1.30
25ft
34
3%
Co
St Lawrence Corp
100
-----
16
k
Jan
Jan
38%
-
Jan
:4:37 ft
Mar.
16%
Securities Corp General
6%
30
28 ft
Aeronautical Co
—
Ryan Consolidated Petroleum.
Ryerson A Haynes commoi
500
50
9%
Petroleum
Bculim
Oklahoma
28ft
Feb
19ft
\
3.800
51
9
25
Northrop Aircraft Inc
Novaclsl-Agena Corp.
Ohio
9,000
500
:
21.300
>
53
k 7
10
Northern Indiana Pub 8erv 5% pfd—100
Northern Natural Gas
20
Qgdcn Corp common
;
Royalite Oil Co Lta
7V-7. >">7 klrl
11%.
50
*mmm
1
Power
Jan
7.100
147
51
"
•
5Q
:
10%
9
RR Co
NoF'nern States
Feb
Jati
58
3%
Ryan
7.400
»4 ;
30%
27
50
Texas Oil
Airlines
Penn
North
34
39 ft
Jan
Russeks Fifth Ave—
1.500
~4%
145
146
•
Utility Securities
Central
Northern
is
"3%
;
•
common
prior preferred
North
17%
11% 7'
•
li%-1
11
28
1
common
2%
4%
1
Light & Power
preferred
North
Feb
Feb
36 ft
100
pfd
V."4% Feb
2% Mar
30%
36
27
y;;t fl—..1--
common-
Art Metal
Rotary Electric Steel
110% 110% > ■ft
100 2% >• 2V2:: ; 8;400'
t-1 001
1
_9
Mines
Amer
Jan
225
■-
Ltd— J
dep rets for ord
Root
775
120% 121
,
11%
•
N lies-Bern en t-Pond
Noma
'r.,
30
—
Roeser
43.900
11%
10%
<•
'
preferred
Class B optional warrants-X—1.—.
2d
North
Jan
24
400
37 ft
Roosevelt Field Inc..—«
Nineteen
10%
Feb
Rolls Royce
shares
Y State Electric A Gas $5.10 pfd.
Y Water Service 6% pfd
Nipissing
Jan
1,300
32
36 ft
20%
common—50c
Co
RlO Grande Valley Gas Co
18
Shipbuilding Corp—
5%
Mar
55
31%
37 ft
•
Reliance Electric A Engineering——9
Rice Stlx Dry Goods;
—•
Richfield Oil Corp. warrant*—
Richmond
Radiator——
—,—1
Reed Roller Bit
3%
2%
31%
•
preferred
Raytheon Manufacturing
56
28
Feb
19
6%
575
18
53
Feb
108
175
Jan
19 ft
k,
34,200
20 ft
£3 convertible
49 ft
32
60-
8%
.10
1
10
Raymond Concrete Pile common——*
9% Jan
17 ft Feb
1.500
16
,
Voting common—
«.m ■..
RaUway A Utility Investment A
Rath Packing Co. common
53
18
25
iladio-Keith-Orpheiim option vtrrinta.
Railway A Light Securitiea
Jan
Jan
12 %
54% Feb
-—
Feb
7
faift Mar
7ft Jan
__
9%
19
Feb
;
Feb
167ft Jatf
90
Feb;.
22
Jan
,103
310
.
Feb
112
30% Jan
72^- Jap
__
Merchandise.:
Y
Y
Founders
N
.
39
8ft
9
City Omnibus warrants
Honduras Rosaro
N
Mar
Feb
Mat
Mar
100
74% -76
.
—
Y&
Co
275
10
3,150... 84 ft
250
27ft
-100
126 ft
16
175
19
Feb
.24%
200
Power
Quebec
7
.
n
Jan
Mar
Feb
'
■•
•
N
108%
18ft
18%
12%
;>2,000
•
-
1
Process Co common
50
18ft
Co—.
106 ft
170
19
170
>—
Jan
4%
,
14
19
38
•
Idea Inc common
New
127%
inn
.
,
-
.
15ft
13
Mar
3ft Feb
104
Quaker Oats common.
6%
preferred—.
Feb
Jan
10
11 ft
87 ft 94%
27Va 31ft
126% 127%
*
93%
31ft
82.: preferred—
26
7ft
16
*
100
preferred
6%
;
10,000
18%
:
•
Eugland Power Associates
Ne«
,
18ft
L.
"
-
■
800
2,500
12
109% 110
100
9
Corp
Neptune Meter class A
Nestle Le Mur Co class A
106
77
13 Va
3%
13
3ft
12
preferred
Nebraska Power 7 %
3ft
10 %
13 %
..
Radio—
Union
National
500
X25 % X25%
—
National Tunnel & Mines common
15%.
15%
■
Jan
Jan
Feb
18
Machinery
28%
»17ft
21% Jan
14% Jan
.
National Mfg & Stores common.
*
.
85 ft Mar
Prosperity Co class B.
Providence
Jan
2
110
1,800
Corp of Nevada-
Producers
Feb
T
44
20,500
<
America—
Jan
!?
25
~—
152
Feb
6% Jan
2,600
34%
High
100.:
^
-
•
common
of
Metals
Pressed
Feb
Inc
.7 28 ft
'
v
Gold Mining
Premier
Jan
7 7732
Feb
Low
'7'L
of Canadapreferred-————I.¬
7%
-14%
,
7ft
Pratt & Lambert Co
<
7!7: 5% Feb
Jan
Range Since January 1
High
'
22
Alexander-
&
6% "1st
10% Jan
••
Shares
Feb.
so
•
Mar
;
Powdrell
Power Corp
>:
tor Week
'A7
Mining Co
Polaris
x204% Mar
C-20% Jan
100
7
Jan
Sales
Range
•f Prices
k
Low
.
7,800
.9 ft
Uit
Pleasant Valley Wine Co
Pneumatic' Scale common—
7V.10ft Jan
Jan ft 77; 6
Feb
Jan. ■■'.ft1'14 7 Jan il
4,000
Week's
Friday
Exchange
Sale Price
Jan
-8%
8%
32 ft
ft
197 '.•-Jan
common—
Tel A Tel
Murray Ohio Mfg Co———:
Muskegon. Piston Ring
Muskogee Co common
Jan
:
lift
~
.
100
47"
8ft
4 ■>' ;
-10
3,700
7
>*• 2,400
Curb
York
High
•k
Jan
-
15
.
5,600
22%
46
-50
City Copper common
Mountain Producers—
Mountain
.20
x204%*! •77ft .40:;
X201
ft
Low
v
30ft
/
_
Range Since January 1
-
100
12 ft -12%
„5>
Dakota Utilities new com
Montana
MARCH 15
New
Shares
7 15 ft 17 ft
778%
9 Va
77 5 7ft 5%
nil
Society A
Loan
Monroe
30ft
ENDING
8TOCK8
High
•
WEEK
Sales
for Week
Range
Lastv.;-.;'
fcxchamgs
Garb
Fork
New
1
Week's
Friday
"
25
%
..
Jan
Feb
.fty
THE COMMERCIAL & FINANCIAL CHRONICLE
•:
;«•;. /.
,
v.
■
I
■
•
1
■.
.
NEW YORK CURB
STOCKS
•Friday
f Week*» /,
Salea
// LaeS r/./. ,; Range
fer Week
Sale Price
of Prices
Shares
////
Low
/
—
"1,900
-197a
20% i
-
Amer
7
Appalachian
Jan
,
160
Feb
/
/
11%
Assoc T & T aeb fl%s A
9%
Jan
.
76
Telephone --of
*29
Mar
Jan
900
,24
v
28%
1,500
18
8%
97*
71/a
113/4-
x77a
i3y4
7,200
8,000
18%
19%
525
2%
2'/a
100
38%
550
273/4
26
26
37%
;
.
Jan
1B60
C
Feb
Bickford's Inc 672s-.
Jan
Boston
Edison
32
Jan
25
18 7a Mar
/? 2% Mar
Feb
Jan
Cities
44,
38 Va
Jah
48
Jan
IA Central States Electric 5s
A5%S
Jan
Mar
•
42
Mar
Swan Finch Oil Corp.
3474
15%
Texas Power &
8%
8%
1,700
263/4
100
5,400
Light 1% pfd.
119
—9
8%
8%
9%
—50o
193/4
19%
21%
Texon Oil ft Land Co...
Textron Inc
10%
5s
1950
Amer
Amer
.
dep recs def reg.
73/8
77s
2%
Tobacco
Consol Gas El Lt St Pr
3y4S series N—
cK»(V; '•
•'
.:
J-D
/,
'|
1 h'
.1976
/
-
*1
.
y
*i
-
Feb
7
45%
Trl-Continental warrants.
.
Inc.
4
21%
]
14%
-v
'/./
-
142
Jan \ /
Jan /:
15%
5,500
114
50
Realisation
Ulen
Corp.
3%
Unexcelled Manufacturing Co,—
Union Oas of Canada.
47a /
8%
100
1
3y4
;/
'
2.100
Indiana
30
Feb
.14%
Aircraft Products
2374
243/s
22%
173%
Service
United
ihdianapolis
United Elastic Corp.
United Gas Corp common————10
A.6%8
V
1
32
C—
series
Jan
United
100
S
1
/
284">-Jan
....100
250
Profit Sharing-—
1% 1%
2%
..10
1.800
11 ;
loo-/
11 •/ 11-
y
2% Mar
?•
Mar
r
1,975
81%
;
*
r
1
International Securities
$5 1st preferred with warrants
19%
20%
~5%
20%
2.700
15%
300
5%
5.000
.5%
90
18 7e
89%
1274
43%
133/4
United Stores common.
United Wallpaper, Inc.
'4%-
•:
••
5%
/.
10
10%
Uuiversal Consolidated Oil———-10
Universal Insurance.—
10
Utah-Idaho
Light common;—
Utility Equities common
$5.50 priority stock
Jan
.
22
"
v
&'<*, V:\
'
-
Feb
V
39%
lOo
-
w
; /. 5s
.43%:
'
300
4/
Jan
:'.v
.Feb
51
30
i£.
;/
^
109
Petroleum
Venezuelan
*.,Jan
8%
Jan
12y4 Jan
15: -
3.200
400
9%
17%
9%
16
Vogt Manufacturing
145
Feb
19%
Jan
5
:
/•
Wagner Baking voting trust ctfs ert—•
7%
preferred
100
Waitt & Bond class A
•
:
■
CldSS ^
20%
2%
8%
i,oS
...^.8
"7; 125
Western Maryland Ry 7%
1st pfd—100
20
Westmoreland
•
»
com
n,r
,
',
j;
-*'*150
Jan
,114
Feb
4
/
Whitman (Wm & Co.
423/4
Willson
C)
&
Products Inc.
Wolverine
Portland
27%
12%
9%
15*»
■mm
Winnipeg Elec common B—
12%
Cement
.1
Woodall Industries Inc
^;
Woodley Petroleum—_
Woolworth .(F W) Ltd—
„
American
"6%
Wright
deposit
reoelpts.
•'
—
For footnotes see page 1458.
"11% m'[
■
r5
,
12% Mar
: Ffeb
'
.
ZZ
4%
^
ZZ'::
5%
■
114 '/
.>114
7074 ,/74 '
1087a
,
-107
I.
105
1964
Af-N
2004
J-J
J-J
'*
/•',
/
—
■
••
.
3748.
r
r
11
103%
105%.
3067s
1077s
101%
1037a
A-O
1970
J-D
J-J
851/a
,
,
J-J
..1959
Af-S
;
1
85
1057a
\ $101
102
1087a
113//
K-1U ■//: /y
>101
-
1057a
105% 105%
105%
108
105 7a
r
•107%
107% 107%v
.
,
,
.$1073/4
—
87
81
1047a 107%
104v
108
,
^;:IIo5%105%..'
107%::
1067a
10574
85%
v
.w/Z$lQ5r...103,/^
10474 1067a
'
-105% 106%
* F-A
1950
.
1041/4 104%
104%
Af-N
•
106
106
M-N
H* ^
108
1077a
106
8
107ya107%'
•
J-J
r
46%
107
3
1073/4l08
:F-A'
/
46
—
~
lava
............
105
—
$46%
.
F-A:,
1977
v "'/•*■//
101
$101 Ya 102
JA-o
Ohio Ppblip Service 4s...«wi^.—^1962/
*'
1087s.
16
103%' - 1033/4104%;
/
1017s
107 7e
' r
,
.
103
<99
103%
$107
105
101%
98%
103
—
'
98%
:
100% 10134
100% 103
103
■* v '•
.
s 106%/1077a
105
105
100%
A-O
Philadelphia Elec Power «%«
/ Portland Gas & Coke Co—»
:
/ 5s stamped extended
r
Power Corp (Can) 4%a B
;/ >' 1st mtge
:
103
,
1067a
Jan
"
:
155
;
/ 40
v
;
:
Queens "Borough Gas & Electric—
5%s; series A-^
Southern
California
Southern
,/fJan
Counties
'Mar
55
Real Estate
/20
Feb
200
18
Jan
600 /">12% Mar
300
83/4 Jan
300 T
15 - Mar
29
:
" VThtit
■
Gas
Standard
?
Feb
-
Gas
—
J-D
•103
-103
A-O
/ M-S
$101
■_
A-O
/
(Calif)—
172
/
10T
103
v
99% 101 '107
1087a
1057a 108
/
107
126
103
/
107%
107%108/ /r
/
$1174
125
•
1994
11174 113
J-J
1970
105
105
10874 113
$105% 106
-1971 -//J-J*
Ry 23As-
F-A
108% 108 74
$109%
Gas
St
(stamped)——.;
—iMay 1948 <
Conv 6s stamped
———May 1948 //
6s
—1951
—Dec 1 I960
1774 Ma t
Feb
674 Feb
6s
gold debentures
Standard Power
105
Electric—
6s
6s
;
"104
105
105
■■■■w—M-N
Debenture
7.
/ 10472
105
$126
1970
-/Debenture
f.".:L
"
7-'"-Feb' ■///■
? l4,7oo ^iWTO43A"1Jan!
105%
J-D
1965 /
3s.
37is
11% Jan
*
A-O.-
1057a
/ M-S
/:
1951
Southwestern Gas & Eleo 3 74s
Jan
''17% Jan
;/'14%Jan
->
•
$1067s 1077a
Jan
^
.
1952/ '
16% Jan
; -
//, M-N
\l67
172
170
/
1951
1st mtge 3s^.
Southern Indiana
22% Jan
31
•
1
6s-
Scullin Steel inc mtge 3s
Southern California Edison
24%'-Feb
19 ./. Fib
-
<101%'104
102
J-D
Safe Harbor Water 4%s«..l«..^-.1979
San Joaquin Lt & Pwr 6s 3
1952
^*%b/
49
Jan
1106%, 10t %
'J-D
^
Jan
37
Jan
106A
-
■
v
Sinking fund deb 4s
——1949
Public Service of New Jersey— i
; <
6%
perpetual certificates
,
16%^b
■
140
;4:.^-/40^/Feb^
//:f: ^ y/:
-
Vr
-£1
Ltd
,
/
13%
1074
15
■"
preference
Ha rgreaves
—'
29%
—
5
1073/41073/4
ASchulte
.~
n
Co..
20
101 y8101%
'
Jain
Wichita River Oil Corp.
(R
10
1073/4
SpSldisg (A G) ,5s
Williams
74
107%":
101%
Penn Central Lt & Pwr 4%s
61% Feb
103/4 Jdn
83/4 Jan
s
7
•
49 y, J&n*
16% .Feb
39% Jan
16%
18%
423%
1067a
Af-N:
/Pacific Power fr Light 5s—1955
/ Park Lexington 1st mtge 3s
1964
Jan
,
39
>■". 93/4 Mar
Feb
24
-10
Weyenberg Shoe Mfg.
..
33% Feb
,W.
:,20 r'
Westmoreland Inc—.
.
6%
\113
West Va Coal & Coke—
Stationery
103
M.-N
Power lst-mtge: 3%s,„;--....„i968
1st mtge 3s
1971
24 y Mar
"
/T;20O:/:/
■2T,400 '0
Knitting Mills—;
Wentworth Manufacturing.^
4.3$.
West Texas Utilities $6 preferred..
•
Wayne
Western Tablet &
Feb
5% Feb*
r,ioo
6%
r';«l':9%''Feb i
Jan
.30
5,200 /::
m
5%
Ward Baking Co warrants...
6.%
19%
V
114
34%
32
•
——
3,500
2,400
•' *:
5
,
jV'f.'•!W-';T'
/ Pulilic Service Co of Colorador'
-■
Waco Aircraft
1067»
103
J-D '
1950
—1961
.,
/ Ohio
/
110
105%
100%
A5%s series A (part paid)__—1948
13% Jan
Mar
-
115'A
11574
' 109
..."
\
.
106% 106%
" J-J /
.—.1948'
;
55%
ldf
10674
9
72%
114 ."
//Pennsylvania Water St power.3%8.1964
1074 Mar
1.900
-11.
—
-
M-S
,,.;.lst 5s-«—i,™^.^.y^.«.1979 T
convertiole" preferred—
*
;uio7
1063/4
*
$4
;// 95%/,S8%
^
115%
$114
;7$iii
M-S
1947
5s
/•'■
60
102%
100%
/
■
iqsh
.
England Power 3%8,.
^V;<
63,
$104% 108
—:
—
Jlf-S
J-D
/
North Continental Utility Corp—
j.
60
*
47
51
A-0
,
/
•
Gas
•■
65
48 '
48 V
,■
12
106% 1063/4
J-D
1981
^
deb
65
597a
:
49
487?,;.// f. 3
47
N Y Btate Eleo 8c Gss 3748
-
Tateper Corp common.
■r.'— —
N Y & Westchester Ltg 4s;
Jan
-5% Feb
104
Jan
IOO
1
2472
'•a
48
/:r
2
.
.,
New England Power Assn 5s—
1948
"/ Debenture 5%s
y.——1954;:
7% -Jan
,
Feb
55
.
50
/
/
487a >
487a
MS
2022 /:
Amsterdam
Conv
•
New
,
21
1077a
'/■'
A5:;:
60
$50*..
•
...
Jf-S
1967
New Eng Gas & El Assn 5s
43% Feb
Jan
5% Jan
6.500
6.000
4%
22
36
300
6"-
23%
5%
23%
•>
39%
37%
.
-5% /
10574
107%
|—
J-J'/
J-J
1963
■
6s series A-^,
New
Feb
103%
'•••.,
Gas Light 4%s
Nebraska Power 4% s_
23% Jan
28
106
105
V
Extended at 4% to..,
Feb
mm mm
24% Jan
•
5
•
—
sugar.
Utah Power 8c
9
12,000
u
$507a
...
6s
1952
/
Superpower es..,^..196> /// I J-J ;..it
.Milwaukee
77a-Jan
1274 Jan
=;
/
• /, ,,
48
•
103
5% Feb
/Feb
5
1.200
6%
5%
48
F-A
Feb
47a Feb
'
106% 106%
Jan
17
Jan
774
12 7a Feb .
2,600
800'
102%
$0374
5
y 3
53
$49
J-J
Jan
95 %
-
... - ■. vj
....
.
J-J
"
.5%
106%
3
.1969/
V
U S Radiator common.
U S Rubber Reclaiming.
106%
' • %.
McCord Corp deb 47ts mimmmmmm mmmmmmmmtmmm mmmm 1956
23
Jan
27% Jan
/y 17% Feb:
Jan
r,\. '
w
'■mm**-
■
/
„
33A Jan
106
105
•
$107% 109
-mm,
—,
1966
48% Feb'
::i5-y;Mar;
650
943/i
12%
90
84
.
;
1057a
—/
/k.
Kentucky PtiUtles 4s, .,.1970-
9% - Feb
285 t Mar
4%\> jan
121%i.Jan,
Jan
1874 Feb
800
19
8
*
Graphite common
U S and
19%
15
—.1
United Specialties common
U S Foil Co class B
783/4 Uan
46%
105
,,
r
^-..—1957 :
Power. 5s...
.
X80
X80
25
28
Universal Products Co
(July 1941 coupon).—..1952
/ Kansas Power & Light 3%s__,
100% Feb
874 Jan
-100
9%
75
:>
i
—
l028/4 10234
:
—
i
:—
2022
jan
52
Jan
F
Midland Valley RR—^
Preferred
:
/31% Jan
60%
71
//103% 103%'
-,
-1959
1957 /
; F-A
-1957
1952
// J-J
1941 coup).
Kansas Electric Power 3% s—
Jan
-
9%
-
M-tf /
1
1 •
—195B ,//! J^D
....
Kansas Gas 8c Electric 6s
Jan
18%
Jan
•
75
•mm*
J-J
;
F-A v
Jersey Cent Pow & Lt 3%s——.—1965
2% Jan
38%
,
.
Debenture
Jan
/
25% Feb
11,300
27%
47
10% preferred.
United Shoe Machinery common
S
263/4
27%
participating preferred..
United Molasses Co Ltd-^
Amer dep rots ord regis
United NJ RR & Canal-
U
/
.
/
—
$72 7»
.
Jan
30
A7s
Altallan
Jan
2972
-
,
.1970
1941 coupon)
(Aug
series
Interstate
Feb
63
Feb
15
;
Jan
8%
>
Jan
600
2.600
/ 37
1027s
J-J
1950 /,,
'b'*374S
P &
A6%8
//■;. A7s
1374 Jan
1174 Jan
Mar
16%
*——7
United Light & Railways..
United Milk Products.
$3
53/4
Feb :
57.200
"174
1%
36
•//
101%
$1013/4
J-D
.
—1963
r-r
ilnternational Power Seo—
*
"l%
warrants.
Corp
vl33A Jan
Jan:
27
1053/4
i$-'/V'-:v
Ss^....,
r*f Ka
1st
.
Jan
22% Mar
2.000
104%
'
Jan
83/4 Mar
United Chemicals common.
1043/4 104%
'
''
jan
59
20
108%
J-D
.
Illinois Power' Co^"/-Vr:/'/ :///*'//://///'<
M-S
/V; 1st & ref.5%s series B———1957 '
/
8% Mar
2,000
62
107%
$105
Jan
,;117a Mar/
1,500
106% 108%
A-O/.
Feb
i6f
J-J '
1950
;
104%
60%
J-D
~Jan 1949
52
Jan
;
7%
'62
i-v
—<••
87 Va
$84
■;92;|
88
104% 1047a
60%
60'/a
$-6
.,
Feb
4%
S 15% Feb/
..'pwnes-ir
Union Stk Yds of Omaha
1??
397a
...
i.1969
1948
68^..^—»>195a
West
6s serlea B
/. 5%
10% Mar;
3,900
8si
93/4 /
83/4 / 974
97a
Union Investment Co..
United
117a
; 3%
49%
107
1287a
$105
A7s
,
/ 8174
72
105 3/4
M-S
1961
3%s
(Dec
,/...-i..A7s .series E
U%
126
1207s
A
:
/</.VA-0/-'
■
Udyllte Corp——
'•
■
JHygrade Food 6s ser A—«.Jan 1949
.
12%"
—:/
'
123
i
;/•/■>.,/.'«•• /■/•
9% Feb
37s Jan;.
20
•
1,700
'300
>;
v '..v.
Jan
116%
y
Feb
42
;;
V 8,600
■'
16
$1 21
-<r<
JMT-S
1953
111% Feb
3%: Feb 'v./
11%
: 10%
Tung-Sol Lamp Works.
% 80c convertible preferred.
Jan
63/4 Jan
V.
110.
105 ; ; 1083/4
<
1963
Guantanamo &
Mar
100
110
213/4
10974
1073/4
.10774
Bank—
Grocery Store Prod 6s
Feb
.3%-Feb
fcmi
4,500
" 47a
,
106%
1
v:-:vv/'"
1956
A General Rayon Co 6s ser A.
Grand Trunk West 4s—
jattv
Jan. •
2%
2,400
-'
106%
105%
v.
//i/9 /
.
$107% 10874
J-J
:/;/>a-0
1954
stamped -J-—*
5s
Gatineau Power
-71% Jan
Feb
66
83A
49%
'
77a
109 % 110
—1969
1st:-mtge; 4s ser Ai^-—.i-...1993
-,-.y
Jan
3%
3%
103 V4
J 04 M>
,17.
'/;/■, 2,./
Feb
193/4
590
114% 115
'<
/
1
.1
73
'/Lackawanna of N J Division— /;
Feb
21%
108
Transwestern Oil Co..
Trunz
43
.100
.100
104
1043/4
60
1057a 1063/4
J-D '
;_1971
1st xef mtge 3s ser P
1st ref mtge 2%s ser Q
Jan
Jan
//.!:'
7% preferred
—
Tonopah Mining of Nevada..
Trans Lux Corp.
104
Jan
Mar
-•
: 14% Jan
V
106%
(Bait)—
10%
15% Jan
5,100
130% 137
10474
:..///
Green Mountain Pow S3/*.
Todd Shipyards Corp....
Toledo Edison 6% preferred
6
103% 1047a
105
105%
24
16
500
2%
82
6674
/: 106% 10674
Elmira Water Lt & RR 5s
37
40
Product Exports—.....
Seourity Trust Co Ltd-—
dep rets ord regis..
Tobacco
203
103%
:
900
68
Tobacco & Allied StockB
10874
8074
1st mtge 4s ser B
_1993 /../> Jlf-S
Eastern Gas & Fuel 3%s—1965////J-J-/'
350
15%
106
Feb
600
'/ 197a '!
16' -///
;/:■ 18
187a
'
38%
37
Shovel Co common.
Tilo Roofing Inc....
Tishman Realty & Construction—
115
105
153
10674
Finland Residential Mtge
Thew
JH-S
• •
'
v
■
-Sl¬
100
103%
6774 70
106
106%
,
677a
1057a
Jan
122
19% Mar
119%
ab.
-
28% Jan
8% Mar
1,600
19,000
1107a
117%
..
.
987a 102%
/
37 /Jan
32»/a Mar
23
; Feb;
118% Mar
20
119
IO93/4
2
y
Feb
8% Mar
200
3434
108
'•
101
M-S
Delaware Lackawanna & Western RR—
233/4
107%
.
F-A
■
33%
1057a
"
Jan
Mar
t
IO33/4
$11372 1147a
993/4
M-S
—Jan 1969
Consolidated Gas (Bait City)—
Gen mtge 4yas
,
1097a 110
/ Debenture 5s
1958 //
A-O
f' Debenture. 5s..MM-.M..MM.M.1969 ' / // A-O
:::
14
deb
5s
104%
Y,'ft
10874 10874
J-J
1954.
Service
1013/4
..7
/
108
"
124
•
'
50
>
.11874 119
„
J-D
..1948
—
Conv
c
Jah
Jan
26
Common
24%
119
108
:~Z'/A-0 /:
SAChicago Rys 5s ctfs (part paid).1927
37a
Jan
28
•
<34%
105%
:
itf-N
.1970
143%
ll3/4Mar
X38 '
•
105
J-D /'<<
■
'
...1962
—
2%s
Jan
30% Jan
,1
.
11174
109 Va
123
2
•
104%
; t •'./.
1P57""
series
87e
Machlnery^;..^...;.,...»■
Sunbeam
Corp
—*
Sun Bay Drug Co——..—1.
Superior Portland Cement, Inc—
Technicolor Inc common.....
104
10 -/ Feb
Sullivan
Taggart Corp common.
Tampa Electric Co common...
13
1237* 12374
M-A
High
104 3/i
v
1st M 5s' series
29
Jan
.
*/>.;
*
5s
30 y2
600
Sterchl Bros Stores common.
Sterling Aluminum ProductsSterling Brewers Inc
Sterling Engine CoSterling Inc
Stetson (J B) Co common.
Stlnnes (Hugo) Corp—
Btroock (S) & Co common
Canada—^
Low
1017s
111
111
January 1
■"
'
J-J
// m-5
195S
Atlantic City Elec 374«——_1964
Feb
50
723/4'Jan
1,050
47%
43
$102 7a —.
J-J
■
Sold
No,
High
Feb
Jan
Bell
& Co common...—
1970
Eleo -4%s
Range Since
Bond*
Friday's
-
A-0
:
37»s
Appalachian Pow deb 6s.„.
•14 %
:/
.—1961
Associated
*
7% Jan
4,800
or
Bid ft Asked
J-D
1953
Pow
Jan
,V 4% Feb
Jan
6%
/
8%/':/1,600;
7%
10%
1%
Eleo
i-
—2024
Writing Paper 6s/
Jan
.
,' 23%
/18% Feb
t" 800
' 55,200 i
3y8
2%
(The) Corp—...
(A)
67s Jan
Jan
-
Steel Co of CanadaStein
Jan
3%
138
10
145 ' -
145
Preferred
Last
Sale Price
Period
Low
3%
:/
'//.
l; /
High
Low
■
25,700
.
6%
51/2
Common Class B.
Standard Products Co.
Standard saver Lead—.
Standard Tube class fi¬
st arret t
6
/;/ Interest
■
.
Week's Range
Friday
v-
New York Curb Exchange
Range Since January 1
High
5%
r
Standard Power ft Light—
'
••
BONDS
,
Curb Exchange
.•
...
EXCHANGE
RANGE FOR WEEK ENDING MARCH 15
New York
•
ft
;r
F-A
.100% 103
-102% 102%
/ 100% iol%
102
102
F-A
J-D
—1957
Light 6s
1957
AStarrett Corp lne 5s
,.1950
Btinnes (Hugo) Corp—
A7-4a 3d stamped..
.——1948
A-O
A-O
Z
-
:;/«<?% 10174
/
104% 104%
10374 1047s
1033/4 1043/4
-
103
1
/
F-A
-1037a 103 9/s
A-O
J-J
92
1
; '
42%
104 :
78
92
42%
10474
103
•
■
96
42
48
KilHE COMMERCIAL .& FINANCIAL CHRONICLE
EXCHANGE
NEW YORK CURB
Grange
for vveek ending march #5
/>/>/>;//*
(mv>/>/:
■/>>>;
BONDS
:;/ r :?/>
-
^Friday
•
Interest
Week's Range
Last
Period
(New York Curb Exchange
Sgle Prioe
Bonds
Friday's ;
Bid ft Asked
> High ■//
or
Sold
y-
„Ha,
.
Electric ■;.N
J
United Light & Power Co—;
1st lien ft cons 5%s
>Maranhao stamped (Plan Jk)
108
#09%
■;
114% 116
2022
Waldorf-Astoria Hotel—
A 5s
income >4abs^—a
.„„#1954
Wash Water Power 3%s.
.—,1964
O
72%
-y.
Mortgage Bank Df
Penn
1
#08% 108 y8
.,1960
#123%--.
6s
conv
#103%,105
—1959
X debentures
b
#08
New Fork
Interest
Exchange
Curb
Friday
,
Last,
or Friday's
:
1972
106%
•.
Xow
High
Interest
.
2
';
t40
1919
sale,
a
8%
1921;
6%s
8%
92
i!
96
^7%
39
9
8%
7%
;
209
e odd-lot sale,
d Ex-Interest,
Deferred delivery sale,
42
7%.
7%
...
AJBonds being traded
-.Low: High
7s—.——,—-April .1948
.1
r.
7s_———-——Jan #947
Bogota .(see Mortgage Bank of)
ACauca Valley :7s,.,
1948
-A 20-year
14
n Under-th«-rui« gala,
'being 'transacted during carrent week.
'
flat.
l§Beported.in} receivership,
•
-141/4
v
,7%.
Ex-dividend.
x
^Friday's bid-and«asked ^prices; no aalw
.Range Since
Agricultural Mortgage Bank (Col)—
A 20-year
50%
-60%
80%
fOYa ' 23y®
M-S
2%__—.2013
reduced tfto
Government
•No par value,
Ho*„
-
1
'
.:
y
"
*„:
35
(Plan sA) 1;'
ttRio de-sJaneiroistamped
^Perlod::'^iilePrlee--°<Bid/& Aske4(v'"^ ^So^d.-5U::■^|M^^y■^■"^.'
-
■
33%
.80%
>}_ U—
•
J'D
-
jBonds
.•
j7: ■;
A-0
"
ncgtlash
,Week's Range "
,
.W?N
lEarana, stamped (Plan a)
Interest reducfed to 2%B——,2008
Foreign Governmenfs & Manicipaliffes
V,
22%
"
#W)
; ' „J
*
)^——1947
#927)—,,,—1947
:>viAMfci-
.
21%
JrU
A Russian
BvONDS
32"
23 y^y'y
#20 '<3
,123%
#01%
-
94
28
(?y;i ,1:
2008
Mortgage Bank of Denmark ,5s
108%
#22
n
-
*81
^v/y:*>f r>///:;■,.•/;..■•:.
Western ^Newspaper Union—
"90*
'^.90%
34
M-N
^Mortgage Bank .ofJGJbile 6s—1931
•
High
l(04
-
—
.Bogota-#
A7s (issue of Get.
#07% 109
——,2030
5s.
Traction
ws
;A7s (issue of 'May #927
•'.*
*
West
y
3
January 1 :,'V
Low
'6
92
t27%
//AMedellin 7s vstampeid^^y...^^i^l9ai)
-
#90
'
;
•*
:
v
Interest reduced.to 2%s
..:/
Sold
No.
High
r95'^«5%,r^
1.1952
stamped.l9&8
<
.
''West Penn Electric 5s
,
#4Lima City (Peru) J %s
A-.,—-,—-,,.,....,,,.#953
series
68
5s
>
.
.United Light ft ^Railways (Maine)—
•
Danzig?Port ft /Waterways—
AExternal 6%s*tamped.
1950
<Utah Power ft Light Co. *■
Debenture 6s - series A.—
—-w—-y-——
Bondsy v^Rarige. Since'
■
Bid ft Asked
l0W
M-N
Extended
•!
1949
4s
Sale Price
f-a
f Danish > 8
(Hugo) Industries—A7-4s 2nd stamped
__„„—1946
Toledo -Edison 3%s
1968
"United
Interest
Period
v
Btinnes
'
Week's Range
or Friday's
Friday
''yy'VLasfc
O N D S
^ew^York ,:,Curh • Exchange ■■
Range Since
' January 1 y
«lqw jRj.gh
■
Monday, March lS, :1946-
•
.
\
^
r
"
stock distribution.
HEX liquidating .oash dividend of $22.50, plus
Abbreviations Used aboye—Mcod,^jcertlflcates of deposit; "cons,*# consolldftted; ^cum<', ^umula-
■
>'<«w
when lfcsuedi *<w w/'vwith warraats#^*
w,H ^Without.Warrantg.5^'' v•- * *'"
*-
"' *^4 J' •' '
OTHER STOCK EXCHANGES
range for week ending march 15
Baltimore Stock
Sale Price i
STOCKS—
Low
Sale Price
.———
^Balt Transit Co common v t c.
Preferred it.fi—.—
'
100
4% %
.preferred
Fidelity & Deposit
New
•
20
#69
31%
.
.31%
V.">
/•*/"/'>
504
32
*
.Jan
39
Hi
.
..Feb
28
'■■*'!;:
ify" ,v*y:;#/'7
10
116%
<Jan
Narragansett Rac'g
Nash-Kelvinator
118% Jan
U S
1
»B
—1
High
14
Mar
49
22%
1%
#24
127%
#27
128%
.77% Feb >
Jan
20%
Feb
25% Jan
:>.#;/:"Mar
3,600
127%
•
17
/ .#% Jan
"495
1
Feb
;/71 > Jan "
220
.
Feb ? I
34% Jan i /•
/ 4
23
Jan
- •
100
2.50
1Q0
645
":
1%;
#%.
1%
76
Jan
-300
-
127
Feb
75c
4,000
8%
9'/4
81%
471
42%
44ys
#,567
4%
4%
300
132
'*
Jan ;
3
##55
75%
Old Colony RR.
Jan
29 y«
#8.;
•.
••
vl2i •"/
Ac Eleo Assn-—
preferred1
>5%#
16%
••,45-'
Feb
56% Jan
3% Mar
200
.
22
21%
#ye
72
21%
21%
21%
Inc
Mar
#33% Jan
>: a% Feb
Jan
11% Feb
•
98%Mar
31% Mar
"Pacific Mills
tOo
Pennsylvania RR
Quincy Mining Co
American, Oil
'
11% Jan
90-
30%:
72
Assn
New .England Tel & Tel
"North Butte 'Mining,
2
Casualty——...
150
3%
30%
;•
New .England ;Gas
Corp,,w^,-10
20
Amsterdam
North
vtC^^,,^#^!
Service -Cos———
prior pfd#—^—^*,^.]00
cum
.
Alkali Wofcks
3%
Mergenthaler Linotype
Co—————20
common
'0.75%
New
Low
/'*v
13
52
Jan
/J-VV.? ••<•>,. ii •'.'■• /„■•
Jan
Associates
Mathieson
Mar
34
„44%:Feb,:
■
245
v/*?
#16% 116%
..-
25
Vernon-Woodbury Mills-
,Mt
High
13
50
RR common—
preferred
National
Fidelity & Guar Fire
.'
*28%
5% c',v-^%''^5%::.:
/
-J
,,,-100
B
Central
3%
.
Mass xUtil
—
;-y-<r••;>;•• ".I-
Consol Gas E L & Power—
Range Since.January !
//>.'
*
~
Shares
■S Sales
"
Tar
Arundel Corporation
of Prices
Ranre Since. January#
Shares
of Prices
•/^/Week's
Friday
Maine
I
for Week
(Range
Exchange
Co,
Feb
47%
Jan
62% Feb
Reece
42 %
Fidelity ft Guar.
.Western .National Bank.
Jan
44%Mar
Reece
:
'
,:;.4%.;
——25
Hole J^ach—
Button
-44%
ww—j50
—
•
16
._*•
-•
Folding 'Machine,—.:——i.—ilO
3%
16
•
15 1
Jan
17
ik« % 'Feb ,/i
Jan
2
Feb
1MQ
3%
81% Mar. ♦
47% Feb />.
41% Feb
ifi 3% Jan /
50
16
3%
•
72% Feb
17%
Jan '»
4
Jan
#9%
Feb
'
v
Bond*—
V-Bhawmut As^ociatioh
yy
.
Stone
Baltimore Transit Co 4s—
A_,.
series
5s
5s
ft
—',^4
Webster Inc—
Suburban
Elqc,Securities
Torrington Co
——
series B
Mills Jnc—
■/
4% 20-yr debentures (subordinated).
Mt Vernon-Woodbury
,
17%
'
United
pom——-*
25
Agri Chem Co com..,.,,,—*
Refining,——100
Tel
American
Woolen
Anaconda
Copper
Bird
Edison
Boston
Boston
Boston
44%
—100.
7%
•
,
44
Boston
Calumet
&>
Hecla—
Century .Shares
30%
Jan
56%
40
24
173
#46
Last
Feb
i
'
45%
43% Jan
Feb
61% Fe
2.697
555
Admiral Corp
8%
26
8% Mar
560
'
,
50;
67
151
Jan
91
;8
;
Jan
13%
Jan
21
Jan
Jan
18
Y
16
Jan
17
10
,#4
#an
23
17
-Feb
>20
1 Jan
Jan
72
Mar
19%
68
9%
—
Armour ft Co
Jan
,295
90
56 >
'*>22% 'Jan;
10
210
5% Jan
12% Feb
#00
34.86 Jan
.
Feb
34% Jan
'Barlow & Seellg
#4% -Feb
Bastian-Blessing
Eastern
SS Lines Inc common
MaHnnnl
Rfrnron
•
.99
99
5%
.5%
;
105
General
Electric
Corp,^,,,—1
19%
-
♦
20%.
,60',
•.:
:
.
..
40%
40%
;
35%
/
>58%
2
Jan
Feb
Feb
#6.30 Mar
44% peb
357
.
Royale Copper
,_15
Copper
Loew's Boston Theatres—,,^,——,25
Kennecott
For footnotes
see
page
1466.
3%
—
.
.
3
50%
20
3%
53%
20
5%
Range Since January 1
High
Low
16%
300
10%
2,700
16
;
20% Jan
13% Jan
14% Eeb
10% Jan
-400
-
19
50
62
JHgh%
Feb
9% Mar
.
/ 550
•
Mar
127
200
Feb
25:
? 62
Mar
134
51% Jan
10-
13%
Feb
Feb
>185% Feb"
193% Jan
/: 400 >
6%/
7
17
6 J/2
>20.
-m
7%
5% Jan
47
Mar
4,150
50->?,
15%
,
-
.
550
Feb
•50'-/Mar
¬
19% Feb
8% Mar
8y4. Jan
9% Jan
14% Feb
19%#ah
w.:
•
Feb
Jan
7%
is % Feb
•
1,650
3,500
15%
27 J/2
12% Jan.
21 '/a Mar./
1,000
21'/a
>
50
Is
^op
'
40% Mar
#0
Berghoff Brewing Corp.
J685
-666
16
(George WJ ;Corp—
10
Borg-Warner Corp icommon,.:—,—-i.5
Browii Fence ft Wire class/A pfd—#*
*.
„>1
-Common
•54% Feb
Bprton-Dlxie Corp
Butler Brothers
21J/a
•X-250*."
37
:
'21% Jan
34%
21%
,500
>
/. 550
200
20%
—
11%
12%
:
23 %
>28%
,28%
.
#00
13%
24y4 i
300
27 %
/
-30% Jan™
V ->
.39
Feb
55
Jan
12. :Mar
•45% Jan
Mar
350
.10% Jan
16%
•650
>>.22% Jan
'27 %
30%
38%
>500
•
700
-
Jan
,35% Feb
'•53% Feb
9%; Jan
•:
Feb
'22
-46% Feb
•
650
Feb
/'
#5% "Jan
-
-
100""
-
38%
26% Jan
#7% Feb
Jan
29
,
/
ij600 ?
>
-•
39 J/2 ,41
41
#3
31
11
H U%
common——— 1
—12 %
,10.
18% ;i9%,
47% 47%;
Mar
14% Feb :
500.
;;
Jan
22
550
31
,4
Bruce Co (E L) common
•
20%'.
-
w;.;'\t
*'
Piston Ring
-
f-31%: ;31'/4-
18%'/
J*
Uorg
Burd
32
:25'/a Jan
Jan
Jan
Jan
48.18 Feb
:,51%
:
Feb
34% Mar
;
- Jan
3
Jan
Feb
4% Feb
.48
.Jan
#814 Jan
>
k){.2l
'Mi
'/.'•■
12
i :23% > >,22%: 23%
#4% #5 y4
45
'•
30% Feb
1
11%
>/.? «36 J/4
Co -common^—.
>
2„2.%.Jan
*/#%
jan
/
.11%
Castle & Co
( A M)
Central Illinois Pub
common——.>-10 :>-38%?
'#08%
Serv $6 pfd——"*
4%
.Central HI Secur Corp common
Convertible preferred —>
———**
Central 8 W Dtil common
——606
■
Isle
21%
6%
/ 20%
;dass A corn-i.,-',. .>5/i'
Binks Mfg Co capital——.
;Bliss -ft Laughlin #nc common^
Jan
46
73
1,950
#%
Feb
25
Marl
.5.4% ..Jan
48
Feb
#9
#80
'#530
34%
131
35
61%
#%
115
30 % J an
-Uft. Ffij>
32%
13
13%
—
Mfg Co common,.
-7% Jan
.
#03% Feb
.115
Jan
10>
" 50
0?_5
45%
I
*
103% Feb
.5% Feb
46-30 46#5
,
33%
125
•:
33
.#3%
46.75
$9
#37
105%
128
19
,
•
—
Gillette Safety Razor
I
Hathaway Bakeries class* ;H_,——
#% Feb
#75
S%
33
^
—
General, .capital
102.
#25
;
»
'
100
<
Employers Group Assoc
—
*
Engineers Public Service—,—„l
Wlrwf.
Belden
1%
Sales
Shares
12%
21%,;
»4
Aviation Corp (Delaware)—,
12y«jMar
1%
-
37.91 Jan
26%
—
Jan
ty'yfy'r .•>>>•/
—8
Washer ..common,—,
59
Boston Co,—,——10
v
127 <Z#27 A
190% 192%
common-——.5
Athey-Products capital,—
Automatic
,35.11 35.1#
1st preferred series A—
100
preferred class B—100
pfd adjustment
100
83% Feb
32% Mar
20%
62
Equipment Corp common
1
Asbestos Mfg Co common—,,——A
Associates Invest Co commons———f
50
6%
18
523
12 %
Aro
12%
6%
20% Feb
39% Jan
331
"19%
common——10
American Public -Service pfd-?
-#00
American Tel ft Tel Co capital
#00
28%
5%
Jan
Jan
19%
11% Jan
17
19
9%
Aetna. Ball Bearing common———* /
Allied Laboratories cbmmoh—
-*"
#0% Feb
18
67
#6
commoni,,.^,.*..
Advanced Alum Castings.
Allied Products Corp
^76% 82.
v9% : 9%
16% 18
^.100
Associates—
83%
74 y8
34%
of Prices
Low
49% Jan
82% Jan,
43% Jan
370
Trust,^^—.
ft. Fuel
39
.'•:v.JBange''-;- for Week
1.
Sale Price
fltocks—
12%
Gas
78% Jan
64% Mar
07% Mar
#30?
Weekli
Friday
Jan
82
8%
prior preferred^.,.——100
33% Mar
119% Mar
"
;
Jan
Jai
26%
,4%%
18%
$ZYo
•
>
545
81'/a
67%
67% 73%
—12%
195% -Pel
Feb
Copper ..Range. Co,.
Eastern
Feb
Jai
Jan
185% -Feb
'
Eastern Mass Street Ry common—,100
25% Jan
110% Jan
80
*
Cities Service
East
124
632
-
43ya Jan
47
58% Fe
Feb
23%
40
RR—X—
& Providence
45%
45%
613
38%
preferred stamped
100
5% class A 1st pfd stamped——100
8% class B 1st pfd stamped
100
class C 1st pfd stamped
Boston Personal Prop Trust,
38%/Jan
,
Mar
49% Mar
120
v
€1
6%
7%
38%
2,058
.
40
—1UU
—
34
,#55-
81%
100
prior preferred
39
187
Since.January 1
•v
High
High
46%
140 y4143
44%
Elevated By
L
——,,100
Herald Traveler Corp.—,—."
y
23y4
142%
.,25
>
Boston ft Maine RR—
Common stamped
52%
187% 193 % ;
42% 44%
23%
Albany RR
Low
41%
49%
:
M
—
& Son Inc.
Boston &
v
.
——__lGu. 1188%
* v,
42%
TeJ
ft
American
.
/ .Range
High
41%
„.
American Sugar
Mar
395
■9y4 Mar/1!
-
Last
of Prices
Sale Prioe ' „of Prices
Low
American
>23% Jan.
Jan
42%
>; 65%
Westtoghouse Electric Corp
Week's
Sales'
-Week'* /
Sales
Range
for Week
Shares
-Friday
7
41
117% 119%
:
Waldorf System
v
#8% Feb
'
80
^ Smelting Ref ft :Min com-—^—-50,
/•//,/
50
30%#2?^
32%
119 %«.
Co,.
U S Rubber
Exchange
259
41
United Shoe Mach common.
Boston Stock
;
9%
39
Drug #nc_.
Fruit
320
20
9%
Union Twist .DrillUnited
18%
18%
-
•
58% Feb
^
.
'
Prior
22% Feb
Preferred
lien
preferred——
—^
.
#
38
108% 109
-3%
21%
-4%
21%
5
f
#00
-
•
"
12%*
12%
117'% 119"
192
194
900.
Feb:
3% Mar
,21
Jan
10'A Jan
115
60
#-,650
*
41% Feb
33% Jan
X107
150
500
Feb
-.184
/ Jan
#13
-
'
.Jan
-5%";.Feb
25
Feb
#3% Jan
#24%. Feb
196
' Feb
.
/1
1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
163 y Number 4473
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MARCH 15
K
'■
Week'*
Basis
Friday
Last
Sale Trice :
:'S
Yates-Amerlcan
Machine
"v--/:■,
•
■
capital
_5
35
;
Low
-
11 'A>
Zenith Radio Corp common...^;
Range Since January 1
High
Low
'
Sales
for Weel
Shares
of Prices
-
450
35%:
35.
Hio'-
•
12'A Jan
Mar
300
*
••
10
Mar
; >42%.' Jan
.
Unlisted Stocks-—
American Radiator A St San
Anaconda
Copper Mining
com-.
—
Atch Top & Santa Pe Ry com_
Bethlehem Steel Corp common
-
Curtiss* Wright
General
Electric
Interlake
Martin
Iron
-J,
Co.
Corp
common...
(Glenn L) Co
Nash-Kelvinator
common..
Corp..
New York Central RR
.....
capitals.
Paramount Pictures Inc
Pullman Incorporated
.....
Pure Oil Co (The) common^.
Radio Corp of America common.
Republic Steel Oorp common
Standard Brands
Oil
Standard
common
of
J_
N
Studebaker Corp
283A
X28%
common
U S Rubber Co: common....;...
Cincinnati Stock
'8TOCKS««>
■
Sale Price
Pat
i#
Athminurh' Industries
Products
American
prlor preferred...?
———*
pfd
Participating
O
Crank
Ball
Cincinnati
N
„<
-
8
Baldwin
C
»«.
P—w
T
&
...20
...
Cincinnati
15%
Telephone
Dayton & Michigan guaranteed-C.
Preferred
-
-
*•—
*
——'
...
-
13%.*13
'
Y-' "7
Insulation
Formica
V.r•
.
Gibson
—*
i
Art
110
Jan
17
.45,
10
,
105% Mar
13% Jan
-
-.vvy-- -V'• *'
Y>''--Yy"\Y -y'-fc-*
;'
•
•
'•
.
45 " Feb
100% Jan
-12%- Jan
Jan
44
100
4
Jan
Feb
Jan
61
Feb
61
61
—
33
-
.
56%
55%
A....——^..
Jan
57
141
4%
4%.
;
Hobart class
Mar
14
V 89
Mar
12% Feb
279
,
6% Feb
Jan
Jan
108
>■!'
55
11v'
22% Feb
12
- 12%: 15
f/l2.- - Jan 95
100
:
120
80% Jan 101
29%. 30 y
133
28
Mar r 37;
Y->;^Y/■'.".~'■ • •
,
*
Y :'V:
.
100'-100"
''
28
;-V.;-.£\• /,/;<Y
w._—
>
45
<
—
Dow-Drug
....a*...-....*
»—.*
-Early & Daniel...-..-...—•.
'*■
25
677
/ 6% Jan
."-16% Mar ■;
:
v
Jan
5% Mar
205
103% !05%,r
103%-
\
-
6% Jaa'
17%
>
23% Jan /
46'A Jan
,
40% Mar,
100
108
15%
:
High
?1% Jan
•
30-;*%13%--Jan'
-
6%
15
Cincinnati Union Stock Tards.....w..*°
13_
,"'../-.v./ vY'"4V : !, 'VY''Y 'i-rV7f.y
yYfV'\\
,
20
108
—
..—^—50
Cincinnati Street
Range Since January!
Loto
25115
10Q
6%
5
•
>r
20
__
•*
Shares'.,
22% 22%
40% 42
6%, 6%
16% •* 16% -;'.v'<•'
22%
*
■—
of Prices
Low High
,
-LaundryMachinery——..20 '
American
Exchange
55
preferred-^^i-..y-.^...100-^'V49%3 50
100
—
-.i 53% ■
49% >53% ' «v-; 207
-
.4% Feb t
4%-Feb-
40
56% Mar;
49
'
.,
•; • • *■
Jan
Ml .'JFan,
-
1st
Mar
44%. Jan 1 s
Kroger
Leonard
Lunkenheimer
..j.
'
*
•
....
——
National Pumpsv
Procter
U S:
■
U
S
Gamble^.
&
^
*
—
'65% :
J
!
:
Playing Card.
Printing—
-•
__10
Unlisted—
.2
46%
21
■
14%
283A 5:28%
*
•
00
i
'-i
!% ^
•
11% '
11%
10
•
50
•
1,040
-
25%: 25% ;i-
~
.1 •
163
160
__
.
300
200
-
..--14%
-
.
Jan ^. / 53%
- 4!%R'-Pebr1 '50 ■
19% Mar
23%
■ 14
Jan
■ 16%
28 ' Jan :
32
135
Jan
' 170 40
'
10%
^
300
~
'•>?•-
10 --A."
20
if
51
Jan
40
Feb
48
43
150
9
117
2,050
8%Mat-
180
24
24
108%-Jam*
23
Jan
47
'
.».%
10
50
b
00
vA4,
•
,;43v
102
50f
44
102
-i
-
"
21%
gl%
24%
-1
2B%
Tbaf:'ViOti
AO,...-32%^
950* 100
300
r
400
.20
3L%- 32y2,,-.-—. 70
.
V"
.
Cities
-.
67%^eb
62% Mar
v
32J/* Jan^42%- Feb:;
50
-138
,: 12
25
133
.12,
Jan
■
Jf
Jan
.
.•
;
25
Service
Crosley Motors.
General
,
——
Standard
Mar
_.
Motors
Pure Oil
Brands
-';
Cl*wl8ii£ StockExchange
Jan
29% Feb
;
107
41%-
11
11
'
v^'--*
11
■
__
50Q--
•
11%,"
.-
.
36
1,600
600
42%
,.
" 16%*'IT -18% 18%
33
33%
18%
.5
/
41%
'
.Friday
Week's " SalM ^
Iiast:K^iy-.v:Range'v/'.;for Week^/;/;^M^
of Prices
Shares
--Range Since
8ale Price-,
STOCKS***
IdsffflU'
>
,,
200
"
:40Q.
45 -
Jan
4
;
City'
22%
20 '
17-
38
27
-N't58-;. "
27
6%
-16%
21
Feb
25V4 Jan
87%-Mar^,/,,'. 45■ ,, Jan.^*^
1,000
24
38* '
__
60
50
1.100
;
-
7%
-'
' 25
6
Jan..
Jan
.' Feb
8% Feb
Corp common—
Consolidated
(o*
.
(
25% Jan - 30 f* Jan; 1
-:jw i{;53'";54'T--..W.%"-;^an*.4 C.. 54%:Jani
,128
'.
,
.
.-400
^
:^' j-.':.
.
'
105,105
27
ij[%
.
"go
,
,27% ^
83%
100
20O
1,300
-
101% Feb
25% Feb
" 79'/8 Jan
•
—
Motors
Glidden
Co
(Un)
..i
L_
a63% a63Vs
31
31
a4«
a47%
a71% a73%
40
40
37%
38
55
(B F) common..*—
Gray Drug Stores
...
Great
Lakes
Preferred
Towing
com.—..
—.
—
,109%, Jan.!
.
r
Halle
Bros
common....
....
Preferred
(Un)———.
a77y« 878%
Jaeger Machine
& Laughlln.:,—_.—,_^_.
Kelley Island L & T—
a41% a44%
Industrial
-
Rayon
"34y4 Jan/"
97y4;Feb-
Sessions——.—r——.
Metropolitan Paving Brick
'
27%"28
'*
a46y»a46%v
55
(Un)..—;.
McKee• (A G) class B___——.
Medusa Portland
Cement
1466.
'
26
15%
28%
15%
14%. 15
'
8
MSr
5% Jan'
^185y4 Feb
72
Jan
: '
21
564
100
Feb
*80
Jan
35% Peb
26%'Mar-:i, -32, Jan.
96
Feb
102 y<i Jan
26 V4 Jan
34% Feb
-24
Feb' 2ft .Mar
605
180-
415
195
-28% Jan
6
250
47
15
January 1 {
»«A|
9
Feb
;
8%;Jan
.
.
140
3oodrich
Lamson &
footnotes see page
.225
'•
50
32
a28% *,28%;
98% 100
28%"* 30
•
.
Rubber -1.^-...-.-^^,
Electric
Jones
For
'
157
7
'
(c:.'y>
"
"
-
1.-,
...
General
-
-
28
.i
::
Gas
«
Generai
;
,i-6
Natural
Eaton-
39%
21-
8%
a6%>
.
28
-
38% 39%
2,400
37% Feb
44% Jan
'7%-:A'~;" li%^:^^3^^250^;v:'^7%:Mar-.i; //:-9%;Feb^'; /. 2Q.%
.21 ^^^200^^:20%Jdar.v.^,.
24%' Feb
.10
25% 26%i-*1-*
150 ^
21
26% Mar^w
..f/^-.38^IS40%^--- 250
W38 i Mar:.
>•-, .48%-,Febl >
-S.!: .19%W 19 >A 20650
18% Feb
22
Jan
25 '• < 3814
37% .38%
1,900"' ' 37% Jan ,f 41
Feb
.10
100
preferred.
Commercial Bookbinding-
Faultless
._6
32
•-"i*- "•
Controller
Cleveland Cliffs Iron
Cliffs
.2
a6%
al89% al93
72%
72%
Ice,d5-FueL.^.«^..^—w,
Clark
.
'
;
Brewing Corp of America
■
8
"
.«
Corp
American Tel & Tel
20V* Jan
20% Jan,
..37% Jan
.
Allegheny
•
-
12% Jan
,
16% Mar
17% Feb i
.
Akron Brass Mfg__
Feb
?4%'.Jan^
'
Jan
9% Jan/
-
800.
.
31
28
Mftr
20s> VMar
200
29
'28r •'28
,
-•
•
"v
•.
..i'i-"20:
53^ Mar.
13% Feb-
-
Columbia Gas.--:...;.—..;;
Feb.
.
-66
-
Fuel.
&
.
11% Jan4
70% Jap
,
Mar
30%MW?.w.v.33% Jan.-
■
v
.
...
,61% Feb-
Rolling Mill-
Ice
47%'Feb
102' Mar
102% Jan.,
-
^
12
.
8
Feb
34% Jan
11% Feb
118% Feb24% Feb
'
41% Feb 4
90
Feb
21% Mar "
24% Mar
-
,,
13'A Feb
wi!5
9'•'
City
Feb
27
11
4,100
American
v.
6- "Jan
.28%; Jan
9 ,s, Jan
51% Jan
53% Mar
.
Jan
Jan
Feb
23% Jan
370
11%
Feb'
Jan
-i.
.
.594
-
;
•
66%
667/8 66V»
"37
37% *:
52% A3
*... V*
Western Bank>^—
7%y"
,31
31
,31 ^ L ..-9-,
9% 'jj 9%,
-100^
65%
—
'-1
.'Preferred
1%-
-
43 ' Jan
6iy»Mar
.
28% Jan
45
Jan
.
-
48
71
31
52
Feb
Feb
-Jan'
Feb
70% Feb
80% Jan
36% Jan
45
Feb
; <y
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday, March 18, 1946
OTHER STOCK EXCHANGES
,w,y.
Friday
Last
' '
Sale Price
//y/yy//,/ stocks—,/:;,-,/
Range Since January 1
Shares
-
vy/Xow,.. High>//y ypy.
&33% a33%v
-10.
————T v"•£*
■6%
6%
3851—
—*
185
a26% a27 //:
•
Acme A_——
National Tile & MfgN Y Central RR (Un)
National
Jan
6%
Jan
26
39
i""
;'
/
COMPLETE INVESTMENT
y
AND BROKERAGE
Feb /
7% Jan
Marv
"V
36%
FACILITIES
Jan
Member Los Angeles Stock Exchange
v'
23
Jan-.';
23 % Mar
27
117
47% Feb
in
15
330
29%
Jan
40%
Republic
Ricbman
*
(Un)
Steel
Bros
a31V8 a33»/2
__
51%
Feb
60
Jan
;y 53%
57%
2,163
21%
21%
345
•:/
a53% a53%
25
■
a81
a84%
450
31%. 32%
300
56%
—*:
Ohio....—...—10
Thompson Products Inc
•
U S Steel (Un)
•
of
Oil
Standard
•■•*
ai5%al6%
*
—
--
,
._
—
Feb
,
Mar;
19
25%
68 Va
Works
Refining & Chemical.
Dorn
Iron
ANGELES
West 7th Street — LOS
79 3,a
;■'■
Jan^
97%
Feb
Jan
.1. •
,
34%
Feb
4%
Feb
78
35 Va
Feb
62,y
45
61% Mar
y62
'
ykyy;
29
150 V
4%
Friday
5
5%
44
High
74%
al8%
a21%
41%
Colorado Fuel & Iron new.—
•
5% preferred
—-——..20
Consolidated Steel Corp,,
Preferred ■
—.
•
Creameries of America, Inc
1
Feb
31
Jan
25
Jan,
.
32%
25 %
—
Douglas
Aircraft
/Fa rns worth Television 6s Radio.—.1
Fitzslmmons Stores class A—......1
Member*
New York Curb
Associate
Chicago Stock Exchange
Detroit Stock Exchange /
Corp
:
—*
Hunt Foods Inc common
Week'*
Range
Sale Price
Rnhhgr
Baldwin
low
1
'
5%
;
—V-;—
*
———*
■•■—'■
-...,1
1
Briggs Mfg:
Brown, McLaren
3%
16%
e————*
Burroughs Adding Machine
i
„
*
—12%c
Burry .Biscuit
12 %c
5
■'Chrysler. Corp j.
'—.5
u-,
Consolidated Paper ————.—A
.10
10
——1
Continental Motors •——
—1
3%
600
300
47
1,790
3% Jan
17
16%
605
16% Mar
975
18%
;/
.
Mar
367
14%
8%
10
359/
Mar
367.
532
Mar
20% Feb
1.25 Jan
/
385
14% Mar
•
1,100
S
.
Jan
Feb
19%
Jan
9% Jan
.
1,600
/ 10% Jan
2,114
70% Mar
79%
V 24
.100
21% Jan
26
Feb
30
65%
100
27% Mar
31
Jan
306
61% Feb
1.40
1.40
3,600
1.40 Feb
29
600
,28
Mar
35%
.37
1,415
27
Jan
39% Feb
8%
8%
426
8%Mar
10% Jan
1.15
1.33
4.300
1.05 Jan
21o
4,000
20c
Feh
30c
18
18
185
17%
Feb
20%
1.25
1.35
2,050
1.15
Feb
1.50
Jan
40
40%
300
37%
Feb
42%
Jan
13%' 15%
7i;|73 %
24
—30
325
/ 600
7% Mar
.
-
.....10o
Co
..
,
205
205
.11
1.45
7%
900
5,330
49c 57%c
6,850
200
// 563
6%
7'
1
57%c
Monogram Pictures Corp—1
Mt Diablo Oil, Mng Sc Dev. Co
1
Nordon Corporation, Ltd—.1
Northrop Aircraft, Inc
——1
8%
1
2.05
Oceanic
Petroleum
Oil
Co
Co
'
•
1.45
—
1;
Manufacturing Co....—...—1
Merchants
9% Feb
19
251
.
Oil Co—
Menasco
5
Feb
19% Jan
28
—
1
Petroleum
Mascot
9
Mar
135% Jan
23
Jan
23% Jan
100
y.
Mar
9
100
22
18%
*
21%
'
Mar
.
118% Feb
21% Jan
18% Mar
9
9
—
■
1211/4 121%
__
High
7ft Feb
19
Jan
52% Feb
4
—
■
Low
4% Jan
15% Jan
.
16% Mar
1.15
Lockheed Aircraft Cnrp J
,
- Ii,.,ir__n.i 1.
Los Angeles Investment Co new
—100
Range Since January 1
47
.47
32% Jan
85c
14%
8
36..
ihft
fw
Lincoln
Shares
6
15% .16
1
Jade
High
5%
26% Feb
24
1,899
-
8%-
._..^.10c
Lane-Wells ;Co_—
Sale* '
for Week
of Prices
Par
Allen Electric
22% Feb
195
398
20c
n
10
...
Intercoast Petroleum Corp
Exchange
Last
32% Mar
65%
-
Hupp Motor Car Corp——————l
Friday
/
Jan
6.50Q
Development Co—»-
Hudson Motor Car Co..
'
1,814
43% Feb
15% Mar
•
Feb
65% Mar
%
Roily
Detroit Stock
30%
1.10
14%-
Gladding, McBean & Co
—
—*
Goodyear Tire is Rubber Co conu-.-?
Telephone: Randolph S330
Feb
34% Jan
17%
71%
10
common
Jan
24
24
w
General Paint Corp common—_——*
DETROIT
Building
Ford
Motors
.2,210
1
High
23%
16%
■1.00
—
Low
Feb
24
/'
- 14*%
———————2
Garret.! Corp
General
32%
25 %
a973/aal04Vi
1.00
-
No.
17% Jan
21%
v.
1,480
32'A
24'A
16%
•
165
41%
—
Farmers & Merchants Nat'l Bank—100
r
39
-
Range Since January 1
Low
120
al8% al9%
a21% a22Vs
,—_• al04%
50c
Co;—
(new)—
Electrical Products Corp..,...;,,......4
Exeter Oil Co, Ltd class A——I
Watling, Lerchen €k Co
York Stock Excbuft
4121
V
Shares;
Jan,
Dresser Industries
New
TRinity
—
for Week
Range
of Prices
/Jan
/. y/y/y
•
14
Sales
Week's
Sale Price
STOCKS—
:
a26V8a26%
'
"
CO., SAN FRANCISCO
Jan
Mar
,
/£///■ a37% a37%,
yy'i-4%
—
i
Feb
51
SCHWABACHER
ALLEN & CO., NEW YORK
210
20% Mar
•
' f
Direct Private Wires to
r
/ Jan
y Last
.y
•
Warren
2
'/. White Motor
,
■1
/ Youngstown Sheet & Tube common—•
.Ypungstown Steel Door (UN)-———-•
Van
Unlisted Issues
—
Feb
19%
(
•■Radio Corp
Listed
Feb
41%. Feb
140
Pennsylvania RR (Un)'——---—,50
v
32%
200
•
*
Sargent
High
y Low
—
(Un).
Oil
Ohio
Patterson
15
ENDING MARCH
Week's ■ ;
Sales
Range/, for Week
of Prices
///
,
RANGE FOR WEEK
200
Jan
Jan
1.55 Feb
/
Jan
Jan
205
1.05 Jan
Jan
Mar
1.50 Feb
6% Feb
8%
Jan
37c
Feb
55c
8
Jan
10% Jan
27o
8%
1.45
25o
—
13%
8%
1.45
29c
14
1.90
2.10
7,000
44
933
41
115
—
s
1.90
32
500
1.00
25c
5,400
Feb
1.50
Jan
Jan
Jan
37c
Mar
14
11%.. Feb
1.45 Jan
Jan
2.70 Feb
*.
'
Detroit
Edison
Detroit
Gray
—10
'
20
Navigation
Detroit & Cleve
>
common
2
Federal
Motor
''
Truck
:
■ '
■■■'•*
/
■*-V*V
••■
5
Fruehauf
38
Trailer
7
12
Mar
27%
13%
lnc_————— —3
*-'■■-
class B
Gemmer Mfg
General Motors
13%
18 y4
300
15
;
Mar
700
5
/
Mar
Jan,
6% Feb
Mar
4
,100
34% Jan
//16V;
——10
common-
Goebel
BrewingGraham-Paige common
'
♦*■*•
'/■
Rice
Hudson
Motor
——*'
Car
16
Mar
22%
71% Mar
1,073
!
Feb
80
.
Feb
Jan
8%
■'
9%
'
'</»,'%
>..
Feb
300
6%
Mar
1,474
10%
Jan
15% Jan
Sinclalr
23
'C
24
350
Feb
25% Jan
313
17% Mar
18% Mat
24
363
/ 22% Mar
28
Feb
28%
150
28% Mar
34
Jan
8%
126
Jan
10
>
Jan
20
20
—1
King Seeley Corp——
1
8
3%
7%
200
Class B
*
—————
——
11%
4%
Products
Screw
Masco
1
11
"•••—
;;/•/
6
6%.
820
"
4%
4%
934
5
•
~7%
7%
7%
10
11%
10%
11%
11%
—
I
Scotten-Dillcn
1
Sheller Mfg new common——
Brewing
Udylite Co
Union
S
5%
•'
Radiator
Warner
'./■■' V
—
—1
common
a
Walker & Co class B———
Wayne
8%
Feb
13%
Jan
9%
Feb
600
6% Jan
9%
Jan
5%
5% Mar
8
12%
2,383
1,165
8 V4
300
8%
Aircraft common
riTfrn
1L
'•—;//
•
Jan
8
,
9%
16%
Jan
Unlisted
"l
y •. v\
•.
•/;/■''
.v*."'
226
4,788
4% Jan /
10%
2,700
9
14
.
.*
....
.
Sales
Last
Range
American
6% Jan
Jan
12
/V
Mng
v
Co
Mng
G is S Mng
&
Stan
Smelting
Shares
Par
Petroleum Co
Barnhart-Morrow Consolidated
Berkey & Gay Furniture Co
Diamond Corp
Bolsa Chlca Oil Corp
Blue
—
-
—
California Packing Corp common
Central Investment Corp„,
Viscose
Co
Co
For footnotes see
i
i
■
page
'
1466.
Barnsdall
■/
'
High
;
4%
75c
' I'-.
if. ?
yy
-
400
/:;/■
.
/ 3% Mar
75c
Oil
;Borg-Warner
Feb
,
High
6% Jan
1.00 Feb
Canadian
/Case
(J
Caterpillar
us
1,355
4% Mar
6
7
6%
7% Jan
5%
5%
5%
2,740
5% Mar
6%
Commercial
V 51
"49%
51
1,045
v
—
%
153
al20%al24%
/'■//
Feb
7
41
Jan
106
114
>
145
120% Mar
9%. Jan
22% Jan
2,792
16% Feb
21'A
30%
30%
27
Jan
107
Mar
23% Feb
*
a28% a28%
Jan
245
105% Jan
a8%
v
•y
21
28% Mar
Feb
30% Mar
io
.
35% Mar
33% Jan
100
33%
Jan
a8%
10
13c
13c
16,500
12c
Jan
18c
19c
19c
5,000
15c
Feb
19c
Feb
12c
14c
3,000
12c
Jan
20c
Jan
2.05
—10
10c
2.20
200
7c
16c
12% Feb
8% Jan
Feb
.2.60 Jan
2.05 Mar
7%c
2,000
6c
Feb
8c
Jan
17c
6,000
14c
Jan
24c
Jan
54
Jan
Cities
Jan
Service
Co
Corp
Corp
Edison
Company-
Jan
176
Jan
Vultee Aircraft Corp
Continental Motors Corp
133%
Feb
Continental
1
25
25
*
10
Electric
Solvents
Commonwealth
Jan
Co
Co
&
23
17% Jan
lS£%
51
15%
12% Jan
Jan
Feb
194% Feb
Feb
43% Jan
109
109
Cons
OU.Co^i.Del)
*
*
25
.*
1
1
5
24%
—
.;*>
—
24%
—
19
?
18%
Feb
Feb
Jan
14%
:
Mar
22% Jan
*
Feb
Feb
38% Jan
26% Mar
112%
Feb
98
Feb
33
Jan
•}; 33
Jan
52%
Jan
54
Jan
/ 22%
Feb
18% Mar
19
a41% a41%
—
a67% a69J/2
V
a27% a28%
—
10%
11
al9%
al9% al9%
34
33%
34
/'*■ 3% '
3%
3%
" 30
/ 29
30
' —
19% 19 Va
a36%
a36% a36%
a41 %
36%
Jan
32
■
a52% a52%
a47% a477/s
—
Feb
9%
a99%al01%
a28V2 a31V8
a31%
/
34%
a31% a32%
a31%
/if.
5
//; 43
Jan
.
7% Feb
19% Mar
50
5
Commonwealth & Southern Corp
a 42
531
-
-
149
Feb
Jan
420
—
Corp
Columbia Gas
a42%
Jan
65% Feb
497/a Jan
42%
Co^>.
Co
Tractor
4%
153
42
55% Mar
——14 ,/> ;
" a64% a643A
—SO.
? • —
44% ;
46
—5
y ..
13Va 13JA
100
a98%
a97Va a98%
—
25
—
a36% a36%
——3
11%
11% 11%
Corp.
Co
4%
Jan
40% Mar
Corp————*
s
—
20
20
Refining Co—*
* —
a63% a63%
100 al88% al87%al93Vs
&
Pacific Railway
I)
6%
48
111
550
2,157
945
Corp.^————*
/Boeing Airplane Co-i
;
5
Borden Company
15
'
Range Since January 1
..// LOW
2,925
75c
Jan
1,652
Bethlehem Steel
■
Feb
31%
26
1
Co.—•.—«_!.
Corporation
7
•
.100
5
Chrysler Corp
Low
3%
4
■
•
'*•
1
_2
1
Broadway Dept Stores Inc common—*
r.
.
—I V-/
1
Bandinl
y
32%
San
Anaconda Copper Mining
Armour & Co (HI)
Jan
for Week
of Prices
.
;:V •* -
STOCKS—
Week's
Friday
•
39%
American Tel & Tel Co——
Jan
Stock Exchange
Sale Price
■
33% Feb
30% Mar
29% Mar
107
Baldwin Locomotive Works vtc—.—13
■/■yyy/y/yyy •'//./. •/ /■■,;
866
1,737
1,014
24%
—
'
20% Jan
23%
a28%
77
17% Feb
107
24%
1
A T & S F Ry Co
Atlantic Refining Co
:
.
Feb
Jan
Stock*-*
Amer Rad
Feb
Aviation
Los Angeles
■
Feb
14c,
40
1,177
24%
Imperial Development Co Ltd..—25o
Gold Mining Co
25c
10% ;Jan
Mar
13% Jan
Mar
y.
• •,
27%
Jan
107
25 Va
Zenda
/ Jan
8%
9% Mar'
13
13%
6
v
10%
•
69
100
u
'p* w.
13% Jan
6%
13%
6%
/'/
100
405
Gold
Cons Chollar
American
13%
—4 /
Screw Products
9%
13%
9%
13
Co-
Inc
Gold
Juneau
Cardinal
402
11% Mar
10c
10,500
20*
17%
18'A
ft54% a56y*
Calumet Gold Mines Co/—————10c
13% Feb
y
Lines
*
-10
——
Black Mammoth Cons Mng
Feb
8%
950
—
Mining Stocks—
Alaska
-
•
Distributors
Shirt
6%
8% /'
*
11%
—
Investment
United
U
——1
■
4% Jan
6% Jan
11% Mar
Air
Feb
■> A
v
Feb
5
.
Western
10
23
California
—
Weber Showcase & Fixtures 1st pfd—*
1
.7% Jan
Feb
of
Preferred
Jan
Feb
25% Feb
185
Jan
17%
'
Jan
-7;
39
•;
Oil
Union
12% Feb
\
Jan
5
■
350
11
18'A
a56y$
;
Universal Consolidated Oil
7%
8
—I
—
Jan
y: ,5% Jan
V/,.4 :/ Jan,
700
;
5%
Jan
Jan
Mai10
6% Jan
10%
1
Pattern
Standard Tube B common
•
36
300
•""*
21%
a27
* 10c
8%
v8
Corporation
2
Transcontinental & West Air Inc——5
Jan
10% Feb
65c
■
44%
19%
8
Feb
Feb
*
43%
8
Feb
7
Jan
Mar
10% Jan
/
160
5
(H W) Co
River Raisin Paper
Tivoli
310
r
■
1
-———
-
1,864
6%
6%
37 y 37
Rlckel
Simplicity
17
10%
...
Parke,
Prudential Investors
5
100
10%
6%
/y':-y
1
Davis common————
—-JL
Peninsular Metal Products
2,600
17%
Packard Motor Car———— —---•
«
15,305
6
17%
-
3%
2% Mary/
3
5%
/aa»W/"*;/i-'r///:
y/5
/
Jan
"
44
—
19%
common
•
14%
200
36%
31
30%
41
55%
'
Transamerica
3%
2,230
.,
*"
36%
30%
29%
41
55%
—
31
30
—1
Textron Inc
11% Mar
8% Jan
100
11%
,4%
2%
6
—10
Park Chemical Co common
4%
.
2%
i
McClanahan Oil common
([Michigan Die Casting
Murray Corp common
.
'
—50c
Sunray Oil Corp—~—
Jan
'
Lakey Fdry is Mach common— ——1
'-A
55%
25
preferred class B.
——25'
preferred class C———23
Southern Calif Gas 6 ft pfd A_
25
Southern Pacific Company——*
•
4
63%
8% Jan
70
a65!/a a65Va18% 18%
—
Corn—18%
Oil
5%%
9% Feb
Jan *
Mar
3
1,350
43% Mar
27% Feb
32VaC Mar
805
a26
10c
70
10c
70
6%
23% Jan
Mar
20
100
7%
3
y-'Xi'
.3%
1
700
/;i,7io
tv'
&26%
Standard Oil Co of Calif——*
Kingston Products
Kinsei Drug —-——
9%
15
8V«
i
%
Southern Calif Edison Co Ltd-
y
18%
8
Feb
15%
8Va
15'A
•
common
6%
8%
%'*■
i#/, ;
Corp
12%
28%
■
Feb
59
44% Jan
27% Mar
52%c57%5
1 VfV
Co
Oil
OU
Safeway Stores, Inc*——
•
Sierra Trading Corp
.^——250
Signal Oil (fc Gas Co A
*
23%
.
Mfg—————. I——1
Hurd Lock &
72%
420
42%
50
a27-% a27'/a
—
Jan
95
43% 43%'
a57Va a58%
: —
a58%
Ryan Aeronautical Co——X
18
•.
common
.
15%
Ranch
Richfield
41% Jan
12% Jan
,
Republic Petroleum Co common—1
Jan
24
—2%
Houdaille-Hershey
16
6%
12
/yvi;
—10
Hoskins Mfg common—
/
.
—1
Hoover Ball & Bearing-—
71%
rnm*m
—.1
—
425
preferred———,—,,»23
Lighting Corp common.
•
Public Service 1st pfd
*
43%".
Feb
600
14%
1st
Pacific
f?'1
Garwood
•
Pacific
5%'.
,/
6%
Feb
23
:
.
Feb
Jan
3%
38
38
Jan
9
700
15
•
■///3 •::;'/
Ale
Pacific Gas & Elec common——i—23. ^- 44
Feb
5%
100
23%
15//
V
Brewing
Frankenmuth
27%
Jan
380 V
10
23
|
23
•
25
1,950
.
,
10
1
Detroit Steel Corp
27%
5% / 6
5%
.
7%
26%
v'27-
Iron
Detroit-Michigan Stove
Frairs
7%
_
-.47 —Jan
45 /
Feb
26%
Feb
33%
Feb.
10 Va
Jan
13%
Jan
21%
Feb
22%
.
—
31% Feb
34
Feb
Mar
4% Feb
2%
Jan
27%
Feb
32%
Jan
18%
Jan
23%
Jan
THE COMMERCIAL ■& FINANCIAL
CHRONICLE
other stock
exchanges
'
KANGE
■/.yyyyyyy^^y
Friday
Week's y- Sales :7
■■777y 7'77;y
777yY;7 77-7 ; '••••'l»»s4 •■
-7 v Range
.for Week
•;>cy ?• ylTOCKB-- ''f -'• • ■' ;'7; '.Sale Price y" Of Prices
Shares
FOE WEEK
ENDING MARCH
15
.
.
•
*
'
•
'
•
.
Zellerbach "Corp—
Crown
Par
^
Low
———7.5
,
a30%
.
'CUrtiss-Wright Cotp9%Class
A
1"7-'
"General Electric
.a518/a
,
12Va
—•
York
Central
American
American
•
RR
10
•—*
Packard Motor Car
Paramount Pictures,
20%
Pennsylvania Railroad Co—11—*.——50
Phelps Dodge Corp———
—25
Pullman Inc—J-———i.—*,
Oil Co
*
•
—
'
1
1
—j
*
;
—
Radio Corp - of America—1—————I*; •"
1Republio Steel Corp—..—1*
31%
Sears Roebuck & Co <new)—
*
SoconyrVacuum Oil •Co>'——19
Southern Railway Co——-1.*
15%
Co
—
United
Air
United
Lines,
Inc
D
S
Steel
-
23%
115% Feb
31^, Ja|i
18%
a29
47%
38
Feb
43y8
65% Feb
68%
33%
-
30%
80
;y
Feb
38%; Jad
47
53
50
11%
12%
7
1,%
7%
1%
1%
v.;r
>180
•
a
yv
lvi
v,
./>'/
a
y
J j
5%
,5%
i
v
United
—.100
Steel
—,
.
.1
——
nu-^
95:Mar
lO^i
Jan
12%
Jan
650
634
Jan
9%
Jan
Mar
345
6%
40% Feb
is •'
.*
'
140"
"
..
47/« Jan
259
"
•1
2% Jan
*
9
t-
.•
*'
•
8%-
100
?
*
40c
26
26
...
19
'8'
1
45c
8
207/a
8%
26
ll
.
12,400
40c
-
25
260
2%
common
.1'
vtc
60c
Feb
Vanadium Alloys Stfeel—L—41
Westinghouse Air; Brake—" 32% 1
Westinghouse Electric Corp com.—12%
33%.
1
41
358
116
Mar
58% Feb
-
Ui'.
50% Mar
%
.
v:...'i
yn
.
■-;■*• .'vy" -■
41'
32%
32y«
33%
5%
380
Jan
Feb
40
'
8% Mar
Mar
46
32% Mar
'y V.
-y
;
'- :;vr;;-
Jan
40
Jan
39%
32%.Mar.
508;
'
.
27%
:
Jan
190
3U/«
y "
'
'
..
Jan
24%
18% Jan
500
Feb
■
Mar
227/a
Jan
9% Feb
65% Mar.
65%
50
65% Mar
2.
2
1,200
2
Feb
^">■ ;v'\ v"
—.1
Jan
14Vb
<"
*'7%'Jan:
-
Feb
487/a
v
Feb
-i?1
»
•
,65 %
-
Jan
19% Jan
12
8%
•
115
:
"
:>'.;.;v,v:*\
Springs—
States Glass
'
'
common.—*
—
Feb
28*/a Mar
112% Mar
;
%% 1,189
427/8
11%
28%
'
15^ Jan
5%
.41%
,
s
•
■-
Jan
28% Mar
249
Feb
i.t
'•
9%
22% Mar
300
7
Standard
7 39% 'Feb
50% Mar
20%
al49%al50%
„
Jan
y^yyy'
90
a43% a43'/4
__
a81%
a37%
a36% a37y8
—*
37%
36
22% Jan
100% Feb
51~% Jaii
\
42% Feb
112
483
a65% a65%
a80% a84%
—5
19% Feb '
100% Feb :
28
a32% a327/a ~
5%
5% '
..
Jan"
363A
15
Jan
80% Feb
38% Feb
Jan
43 Va
780
37% Mar'
33%
33%
369
33% Mar
21% 21% '
a55% a56%
—
':v'yy
96% Feb
31%
80 "
37'A
a56%
.--.y-n
'
650
"
^; i
St. Louis Listed and Unlisted Securities
Jan
7%
<4% Jan
Edward D. Jones
"
..
12%
-
Feb
34
112% Mar
,
;7
%
.5
San Toy Mining..—..'—i.i—
Shamrock Oil & Gas common
Jan
•' 130 *
alOS'/aaloeya
al06ya
35
-.-
17%
100
15%
•
77/a Mar
'
90 v '
300 • '
.'17%
"
1234 Jan
.
i''5*
Jan
a53a55%
a51% a51%
r-19%
Westinghouse Elec & Mfg Co
12%
Willys-Overland Motors, Inc.——1
Woolworth Company (F W)..,
10
J95
Feb
Mar
•,i""•,v^,
1,175
23%28%
Feb
31
-
11% Feb"
9% Jan
"27.
;
17%
,
a53
''v
112% 112%
_•
onH'-y-
Jan
170
"
8
227/«
,
95
;
10
—
Preferred
Jan
245
a38a38%
"
'
Fuel
Renner Co
•
47% Jan
«
..AO
—.—
Pittsburgh Steel Foundry
20
30
77/a
t<r>'
~
High' "
48Va
.
;:.1X%; Jan,
a51%
Corp.——•
>
Jan
15% Mar
,
^
28%
—
Pittsburgh Brewing common—
•
•.Pittsburgh Plate Glass new_<—i—ilO
,39% Feb
921
39Vi
a64,a65% "
a28%*a29%
1
23%
——100.,
-Pittsburgh Screw & Bolt Corp
Feb
16
39%
1,050
231
"
Jan
22% Jan
285
'
Ohio Oil & Gas.
/• Feb
15%
-.10
■
20% Feb
*
11%
27
Supply.—
National Fireproof
lag Corp—
7 44% iFeb
a64V«
T-
% Mountain
42% Feb
36% Jan.
-——4—.ft'. a32%
Warner Bros Pictures Inc
Western Union Tel Co A
37% Feb,
li
10%
>
,
V\37%
Feb
47
7 43 >1 :Jan f.\
t
'V
',v'
:
Range Since January 1
50
12
^
Jeannette Glass pfd__._
25
933
"
'■
'
-
25y:
'
27
common.__._i
i
403'a
26%
10"%
vfj5''1
*}<
•:!j Lone Star Gas.
Feb
861
(Del.5%
i—
12%
70
Jan
12 '
5 r
\•'
v
,•
Preferred
Jan
42%
10
—
Aircraft Corp^>
United Corporation
U S Rubber Co—
Feb
835
a51%.a51%
a47%"a47%
**\.-j&jijf' * y}ji\,if
Home (Joseph)
Jan
42%
—
—
Tide Water Assoc Oil.———————10
Union Carbide & Carbon
Corp
•
Union Pacific Railroad Co
100
34%
227/e
10% Jan r
605
<•
40%
25%
27 '
.*
common
;7fFort'Pitt Brewing
—1
Harbipqn Walker Refractories..—*
Jan
15%
—25
Texas Gulf Sulphur Co———————*
-
r
«v
Jan
16%
—
Co—25. a38%
Texas
35%
19%
155
15% ~
33%
31%"
for Week
Shares
,
Feb
Mar
'
!:.„V
,
Duquesne Brewing
Feb
r* 80
7 60%
.
(D L) Candy..
Columbia Gas & Electric
'
Standard Brands, Inc..——.
——v—
Standard Oil Ca (Ind)———JI5
39%
Standard Oil Co'(N J)————25
Studebaker Corp ——k—I
Swlft ds
39
.
510 7
43%;Sy7
43'/a...
V
Jan
125
a60% a60%'
21 21%
of Prices
——
Feb
55% Feb
14% Feb
Jan
31% Mar '
1,265 7
*
'
*
Co
Jan
13% Mar
'295
21%
a37% a38%
;,!»:•
,26
.
V 228
7
Clark
■; 3iya Feb
^
Jan
76%
445
a69% a70%
a37%
'
11%
33%
552
;
l57/a/Jgn
20%
V: 41%
36% Mar
243
31%
'
'
;
13% Jan
;
"^ ^ 540
14%
21%
;
Steel
,
Blaw-Knox
'
125
26%
'''";-7
Sales
I :
:A;''
7 Allegheny Ludlum
Feb
195
35%'"235
726
Last
-
Sale Price
Feb
50%
50% Jan
13%
L''
•
STOCKS—
V 51% Feb
Jan
179
>'7—'7;,'31%
1
11 Va
51%
Co.—10%- 10%
Inc
Feb
23% Mar
13%
..
46%
7:50% Feb
"100
13%
33%
■
Week's
Range
'
1
Feb
"
*
*445
a80V« a83%
•
Y
ll" Y T
y' 12%
■•
'
23%
357/a
—
Inc
—J,
Co..
f
*
"
l,f
317/a* Feb
Jan
51%
a80%
j-——
Aviation
300
.
27%
23%
13%
7
7
*
Ohi^Oil Co_
Pure
'
High
'
30% Jan
:V 8
' Jan "
547
.
51%
7 %
_
—
Montgomery Ward & Co, Inc
'
12 ya
a56% a57%
al5% al53/4
36% 37%
v
—
,
Kennecott Copper
Corp
Libby, McNeill & Llbby
Loew's. Inc
a50a51%„
,
.
North
1,266
9%.v,
*
r
Graham-Paige Motors Corp..:
.1
12%
Great -Northern Ry Co pfd.-~^rwi.--*
a56%
Interlake Iron Corpi.i—;—;—„a
International Nickel ,Co of Canada.—,.*, International'Tel St Tel Corp—..
7,
New
85
a30% a32% r- 362 *
.; :
YYyY 'yy'-y.-:
y;\
: -v .;y yyvY^y
Cb—-7-^7-7-.^——•.7i'il-.77' 47Va 47%\* .77.i; 519
General Foods Corp,J
North
9%'
<•*
Low
a32
l|^||il||;PitlslMirgh Stock Exchange
^VWrfdimy
Range Since January 1
High
150
20%
53
Feb
Feb
39%
Feb
161
•'.'51%
•
Jan
Established
300 North
1 26% Jan
537/e Jan
4th St., St.
Louie 2, Missouri
Members
7
y ' New-York Stock .Exchange -y? "*
■■:*, y •
"y'rY St.:>Louis Stock Exchange '
y
Chicago Stock Exch.
" Chicago Board of
Trade *
-
v'"s
■
-'■>>7.:?7y;'.7
v
Near York Curb ^Exchange-Associate
.
Co.
&
1871
-
"?
*
*,*"w~»e ""PhoneY /77Y7
- • cEntrai 7600
♦
.
Sell Teletype EL 593
£
*
*
'
"
•"
-
Philadelphia Stock Exchange
Friday
Week's
Last
:■
y:;; S'
"®f Prices'
tow
American
8tores
American
Tel b Tel..
Autocar
Company
Baldwin
Preferred
30%
27% Jan
31%
32%
195%
Jan
37%
Jan
162
28
215
-
31% Mar
Jan
13
32%
32%
95
95
;J—I—7————50-
19
9d
90
91%
90
83% Jan
21
22
150
20% Feb
<E O)
Mfg Co common
•
22
,
Chrysler Corp
7
7.—^
24%
26%
120% 124%
122%
—•
20%
Pub Co common——
Delaware power & Light..—.—13%
19%
Lehigh
coal &
Lehigh
Valley RR
!p|
Navigation———.—•
Power
Feb
Feb
140ya
26%
Jan
22%-Jan
24%
Jan
49% Mar
70.% Feb
55%
Jan
'80%
2,010
51%
•
2,503
714%
123k
12%
2,246
7:29
9V*
934
350
28% Feb
9% Mer
8%
77/s
VA.
2,964
7'/a Jan
15Y7-.
■
Philco
Corp
Reading
Co
44%
Scott Paper
Sun: Oil.
23
.42%
14% Mar12
17%
•
'
Jan
Jan
9Va
.
Jan
17
12%
Jan
Jan
176
22%
;
Feb
27%
Jan
'44%
3,168
41% Feb
47%
300
40 Va Mar
46
Feb
28%
2734
2834
28
28
120
120
Transit
Corp
77 Preferred.
31
118%
Jan
121
57 34
6634
28% Feb
-90
2834,
77/a 7' 8
54
Feb
32%
36% Mar
27 Va Mar
101
6734
Feb
7% Mar
87/a
52%
Jan
58%
Feb
73%
Jan
58
58 7
52
Jan
234*
322
1
Jan
7:3%'
37/a
960
.
334 ;
.
60
'2%
United Corp common—
•
'58
Mar
4%- Feb
•
—13%
75%
4934
2634
3% Jan
4 % Feb
4'vy Jan
2,206
499
'• ^-noV"
.>7:;
-
^..7
Jan
58%
Feb
Jan
28 Va
Jan
25%
Feb
Feb
47% Mar
1,611
24
24%
104
23%
227a
45
83
41%
canadian
1334
9%7
Jan
50%
10
Jan
100 '
35
70
50
9y* Feb
60,
3734 Feb
50 .Jan
9^4
v.
Steel
7
22 Va
77 7
■
,70
•100
20
36
260
-
49
—
7
..20
16%
'
77#
-
;"y.'
Jan
.
.
7
;
St Louis Pub Serv cl
Scruggs-V-B Inc
Sterling
y
y
25%'Feb
32
Y. Jan
8
Jan
115
46
5y2 Mar
4734 Jan
25
6%
10%
25
5
Jan
10
Liar
.
16%
.
209
190
24'-
2834
100
27%
25
15"
28% Mar
27%
Wagner Electric
9
.
16% Mar
28%
7
17
26
.
..Jan
39
33
Jan
135
24%
19yz
19%
20
260
.17ya
Jan
y 30
*5
26
common
38
lb
77%
42%
214
26'A
•.
35%
.
.42%
220
44 34
.
...
,
.
30
MarY
,
Feb
29
65
Jan
18% Jan y
.
223
7
28% vFeb
40
;
82
Jan
42% Mar
r
Feb
Feb
49
•
Bonds~»
■'
Toronto Slock Exchange
?—nddu.Jg A
25-yr
conv
inc..1964
119
119-
$800
119
,7
listed markets
ENDING MARCH
Mar
..
yY
Yr-^.y
,
Shares
Par
Abitlbi Power-
&
6% .preferred
Acadia-Atlantic
common
_7.i—
7—•'
common
15
Consolidated—
Mines
Gold
Steel
rtjuminlum
For
96
7>
common—,
footnotes
see
page
95
22%
y ;
JanY
20%
Jan
10334
Jan
105 105 y2
-
-
125
4,000
30
30
1.90
2.10
—77
36c
Yf
__
'•
High
,tA
100% Jan
77*7:24 7
77106%
8% Jan.
15c
35c
15c
39C
102% 102%
170
189
728 "y
17,800
Jan
Mar
11
Jan
32
7
700
11,500
>.y
-
15
660
Jan
1.58
Jan
15c
Feb
35c
100 ,,
Mar
-
129%
Jan
Jan
7
' Jan
Aluminum
American
Anglo
2.10 Mar
•
tow
109
80
27C
26c
30c
.7.16,200
97c
95c
1.05
7,700
•
1034c
Range Since January 1
High
108
l
4
Canadian Oil
-1
■;
LOW
1034c 1134c
106
.
25c
,
95c
1,503 y
•y.;;;. High
Jan
■h
109
•
Feb
1.36
:Feb
Jan
33 c
Mar
1034c Mar
Feb
fj'Y 13c
Feb
"
Anglo-Roupi Mines
1.35
Apex Consolidated Resources....
Aquarius
Porcunine
Mines
7
Argus Corp Ltd
4%%
conv
Gold
—
1
1.30 Mar y Y 1
1.95
1,300
15c
30c
Jan
23c
Mar
85c
Jan
16C
23c
29,900
16c
Mar
63c
68c
9,000
63c
Jan
20c
18 %c
•
9934
B
9ye
100
Arjop
Feb'
Armistice Gold
23 a
Mining
22c.-
y
-
934— 2772,760
99% 10034
234
234
26c
;
25c
32c
——.—-.1
72c
:
68c
75c
1
38c
36c
45c-
1834c
9
98 Va
175
1
Mines
Mar
20C:
common
Jan
Arntfield
4,400
18
preference
Warrants
Gold
1.43
15
65c
1
1
1.30
18
1
Ansley Gold Mines——.—..—1'
54c
305 Mar
Shares
Par
v-
-
Yellowknife..
Jan
,.
for Week
*
Canada
25c
103
Bales
'♦
of Prices
pfd^yy.—100
»
of
Anglo Huronian
Area
7
77
„
'
y
7
•
Sale Price
Y
T
Range
; ;> Last
STOCKS—
<
634,'Map,yY-9.V4 Jan
93
Vf'Y^S:
2.00
Y7.;
n.4
7^1,955
23
9ciYt-
—178
1466.
.2.520
y
%
'7! i 7_7
l
...
Low
7%
98
*
preferred————7i__100
Ltd
634
.-7
22y2
;
Week's
Friday
:;-77>
sxIT ilawtoK
-K
bs-iisloi®! >;y7y >7
Since' Jannary.l"y
High
1
;
Pacific
Algoma
77
•„
Co—r——.7——w____T.
Agnew-Surpass Shoe
Oil St Gas—...
Low
i
100
Sugar
AJax
Alberta
1
Faper. common....7.*v
y
Y • Preferred
Acme Gas
Alger
Y
'
Week's f;
gales ..oO lS9«iuiadT dohriotl
Friday •
Y77'v;V
•7>YYv;y;:77''.v.i-JLast Y ,7;; Range Y for Week
'
nTOCKS^
:
Bale Price
of Prices
■■:Y7>-:>YYY
j
Fnnde
-7
];
v
425% Feb, t
.
AxfrXt'to>iy7y7:'
_
Canadian
i
7,7V;
St Louis Pub Serv
KANGE.JRDR WEEK
-SO-IAIS
,
1
?jY'i..-»irrtmxftt
*.■
:
Jan
7
;Feb7 f
21,
32
.
55
38
7
Feb
19% Mar.
^.5
•<;
YFeb
Jan
1
•
Feb
28
,
—
2534
I
;.Jan
' Jan
30
39
40
.
.' ' '■ 18%
Jan.
,23
>
Jan. ;. :
750*77 jan;.7>
43 ya Jan;
.
180
52 Va
.
25%
common
Feb
Feb
.
2234 Mar;
2534
-
-r
commott...i——10
;•
68
24y* Mar
,
"25%
common..
Aluminum
Stljc, Baor & Fuller
Mar:'
46
26
Mar
620
6V4
*
A com
y Jan
%; Feb
.24 :1 Feb
21 Va Mar
50
63k
10%
-/r~ '
__24a
24%
5°
46
7 6%
77' "; 7y
,
35
Mar
56
IdO
5%
-
..
70
50
40
Jan
35
22
10% Jan
iy
.Jan
20
55
24%
''5%-
,
33
3234
•
...i*
common..
common
7-
8% Jan
200"'
55
7''y f-
100
common...
4634
-
300
37%
33%
—..728
Feb
2734
High,
117' Mar,
4*212
22
common
—...^.1
Key Co comthoh—7—f—7—^-7* 7
;, Landis Machine
7%" Jan*
47%
42
\
20
——
534'
si y8
i. 2534
__10
—
r -v
y Meyer Blanke common—
Midwes Piping & Supply common
Mo Portland Cement com..
'
5 34
5034
-wJ* •
United Gas Improvement.—
Westmoreland
Inc
Preferred
Laclede
Feb
64%
- •
46
y7
Laclede-Christy Clay Prod com.——S
Jan
76
250
■*
y-£ 77 '";7y
,
Johansen Shoe
■
Jan
33y2
■
International. Shoe
7
Jan
-46%
Dr Pepper comtponi
Falstaff Brewing common—-7—71
Gries,edieck»Western Brew common...^
•
58
25
——^-25
Westmoreland Coal
Jan
Feb
4
38%
5534
feyy $3V preferred "
9%
7
r'
:
.Huttig S 8c D common—
Hyde Park Brewing common.'*
.—10
Hydraulic 'Pressed Brick common..! 100
7
Feb
27%
•28%'
_•
common
30%
10
120
i.—.^.*
Invest
Mar
461
\ 21 Va
Corp.—1
20
5,026
2834
28%
Tacdny-Palmyra Bridge—
Class A participating.!..—w*
■
"
1-1:r7
Feb
44%
3634
commons
49
_L_—_15.77 ..7777; 7 ■;35" / •:
—..1
.*
So -f'
4934
-T"
+*■,{'
Century Electric Co.
10
.9 %.
9%
yClintbri Industries common_7_———.71 ' 77
'
"37%
Coca-Cola 'Bqttling ,common—
.1
32%
Coiiynbia Brewing common J.———
-5 7
77; >7 20
y
Jan
-.
42
:
;—-50
common
77;
Low:
49
(
1134
,
44%
3
Salt Dome Oil
.i——7.50
Range Since January 1
v
Hioh
11
Burkhart Mfg common
"
.
preferred—.j—...
Shares
.
.
22%
Penna Salt Manufacturing—.—.—50
Philadelphia Electric Co common
•
$1 preference common—
u
•
4.4% ■ preferred
-^—100
Phila Elec Power 8% pfd—25
5%
-
1134
:
9%
i Pennroad Corp
—————..^i.1:
Penna" Power- & IJght-—-^————
Pennsylvania RR
60
for Week
.
Low
—————-1
Bank Bldg. Equipment
common...—.^3 y
Brown Shoe : common.,;
'
Jan
19 Va Mar
422
24%
■y
Jan
21%
14%
—
26%
117Vb
12%
50
Light.——
-
202
1,900
■23%
Mar
113
21
•40%
171V -
yi»j£ .■ *
Storage Rattery—
I general'' M<ddrs——^^.10.
95
Sales
.Range
of Prices
•
Sale Price
Pgr
American Inv common
7 91% Mar
.
Week'i
Last
.;
.
STOCKS—'
38% Feb
Mar
Exchange
Friday
•:;yn -;•?!£
Jan
.185% Feb
881-
50
Wheel Uo——«
^auonal
380
193 %
High-
e
Budd
Electric
tote
29%
187
SI, Louis Stock
Range Since January 1
common
Corp
Budd
Curtis
Shares
High
27%
188%
5c
common—.
Locomotive Works v t
Bankers Securities
'.
28%
——100
Sales
: for Week
Range
Sale Price
10.563
1.90
Mar
i'v
7
2434
c
Feb
12
Jan
j:101
Feb
Jan
10,400
30c
Mar
30,700
68c
Mar
-i
19,600
36c
„
Y
Jan
-
-
•
Jan
Jan
/
w.
t :
Mar
'
Y1
3%
Feb
55c
Jan
95c
Jan
62c
Jan
THE :COMMERCIA'L
1462
& ^INAIfV
Monday^Marth^ 1946
A.
^
.
CANADIAN LISTiD MARKETS
-
X
v':.:,:
Week's
Friday
XX'-.x;
STOCKS—
Last
Range
of Prices
X 13
.1 'X.k
Ashley Gold
-
-
Range Since January 1>
Lotb
>:T3
'
12% Mar
655
13'A '
kX; '12c
12c
13% Feb
65c
§ 156,400
33C
40*C
35e
40c
kl2c-xJan
1,500
52c
__
Mines
Athona
X,35c
—
Yellowknife
.Atlas
iH'k64o:
Aubelle Mines Ltd
'■
Geld
Aunor
;
36c
:Mines—-—
k-
60C
,'5.65
Mines
52c
20c
Conwest Exploration
r
Feb
6,200
Jan
133,650 .VM 60c
1.38
6.00
X
63,700
*
.75c
;
Mar
1.58
1.20, Jan
Jan
48,560
?0%
BO
60c
•
"Mar
53c
6,600
.
•
,
',28%
>•
1.95 Feb
32
Feb
■*'<>■
..■
,
Feb
70c
,
'y-.-y
■
72c
20,075
63c
Mar
1.45
XX 9,100
1.35
Pass Coal——-
48
48
XVXXX 60
43 %
Drowshore Patricia' Gdld—-
X«7c
99C
Mar'.;,; ;.v;. 1.67 Jan k
..Jan
55
Feb
Jan
X' 1.15 Feb
Crow's Nest
Feb
,7^5
:^',xxX-XHi0h' '•
1.22
1.34
63c
1.35
Oroinor Pershing Mines—
k
Mar
.1.55
Range Since January 1
High
30% '
30%
—Jl- 'r _v: '355c":X X 54c
Crestaurum Mines
Jan
4.50 Jap
■
Low
.
for Week
-•Shares
ofPriees
-
J*,
—
sCournorJ Mining—————«
Feb
55c
.Jan X
*1.18
X
11,516
49c
Mar
4
35c
i
-
——•♦"
——
Imperial Mills—*.—,
•Cosmos
Jan
87c
x,
Jan
35,020 X* «X 32c
"
,72c
1.18
5J15
Vl.20
Aumaque Gold Mines.—-
r
.55c
'
Sales
Week's
,
X KalePriee X
r
Par
•
—1
Astoria Quebec Mines——
ITQCK8—
,
High
/ i J V • 'Low ; High
I"
-10
class
Hardware
.X;-X.-,; XX JWday.
X:'X:'.xXX:X,x^.,x ,«**>,:>; xRangs
Shares
Pat \
Ashdown
MARCH ,15
RANGE FOR WEEK ENDING
far Week
Kale Price
■X
Xvr
Ssleiv
,
86c
12,172
*■■
XXI,800
Dub Aircraftk^X--X*i;r~-'-^
Feb
Feb
86c
/
Jan'x":"x*'x 3 ;;XFeb.J
1.65
•
-
30c
Bagamac
Mines
Bankfield
1
Consolidated Mines
Bank
—
Montreal
of
xx-v.;.'/
32c
47,770
25
26%
34
Bathurst Power class A
34
19%c
19%c
Base "Metals
20%
19%
1.35
1.36
.1.36
IOO
1.50
X;;. 115 X;
Exploration 8s Radium
Beattie Gold Mines Ltd-———
X 'Beatty
X *
43
Bros Class A
Class B
43
'Xx.k'xX x '
Quebec Mines—
—
•X 1.76
Jan
45c
315
181
420
.12
Mar
1.05
1.15
3,100
J0-
30%
35
75c
65c
80c
30c
29%C
32c
52,475
xv;,ii4,
14
15
50
23c
22c
26c
-*0
Mar
Peb
"6,"550
9c
95
--1
1
Bldgood Kirkland Gold
Biltmore Hats.—-—
;
4;
*
65c
'iiar:
;:•%?..y?#v.•
14
92c
Gold
Bonetal
Mines
1
—
33C
32C
-1
Bonville Gold "Mines..
38?
20c
22c
.
24c
22c
i
•
Boycon Pershing Gold Mines——
26c
Jan
20c
3,608
:
•
30c
24% .Jan
33
'
'15%
36
Mlnes, :Ltd—————
.16
17
12%
12%
X Brazilian Traction Light & Pwr com..*
25%
;21
23
4%
5%
13%
12%
Brewers
common.
&
125
'
-148
•
48% r"
Packers
Columbia
Class
British
Oil.
Dominion
1
Jan
XxDonalda Minejs vi.^——lu.——. jittl
14%
Feb
Duquesne Mining Co_
Duvay Gold Mines-,.;—
31%
xjan^
•
35c
•
v.,-:
72c
——————3
21.900
Mhies-—JZZ—a,
«■-
■
-
.
{
V#
.
i
.
--
30% Feb
i
|
Feb
''
' J '
1
.
*
*
46,200
f
|
'
*
40c
:
J|
3.75
-
54c
9c
42c
IOC
21,700
r"24;000
r
X^/720
" "53,160'
2.45 * 2.75
4.15
12
3;55
10%
11'
.'Eastern Steel new common—
j
^1185' J^in , 4
1.60 Jan
46c
Jan
Mar
30c
' : *
s
.
'■ I
9%c
i—-———
.
-
|
i
X IBastx Sullivan XMifaes.——————---.
Jan
Feb
1.58
.
3;43b
-
'
38c
3an' "^ X-62c < Feb |
X9c 1 "Feh:^|X|il3cDanX-|
2.45^*Mar
3.35^ »att;?? J
3".50 Jan ' 4 .* 4.60 J?n . i
^10% 'Mar' - J " 15 J? Jan
|
6.10
Jan
5.325
10%
Feb
*
28.650
29c
Mar *
45c
Jan
82160
37c
Mar
97C
F6b
Lake Mines—
23%
Burlington
Burns
&
.Elder
:
Gold
B.
class
-—-1
-
B
.
.
100
28
Jan
32 Yt
Feb
10
17
Jan
19
Jan
11.370
39c
37c
24.300
32c
Mar
44c
Mar
Fleet Aircraft
4,300
31c
Mar
.51c-
Jan
2.80 '2.90
14,050
: XX 640
2.63
•
8%
—
zzzzz*
2.500
57
.60
53
11
390
>9% Mar
19%
20%
193
196
25
19%
410
50%
51%
630
86
88%
60
23
"""Zoo
'ClaSS B ■--•i.i.-'— i-i-—- X
25%
X»
*
Breweries
m
;'
:■
106
9%
-Xe-Z
84
X
25
X;
j'
>Francoeur Gold
.Eraser ,Co.'s
;
52
Feb
X
89
Feb
t
28
Jan
x
12
v 'Frohisher
>
Jan
Feb
Mar
XX9/XX Jan;.
1,820
•.
28%
Feb
\
preferred
*
4
--
Class
A
Jan
"$1.75 preferred
Canadian
16%
17%
1,620
Jan
God's
695
XX 23
Feb
450
68
Feb
com
A—*
18 Vi
26
12%
■••"13
20
21
k)X 29
17%
19%
Jan
3,400
15
15%
150
.
;
"
4"
———
■
—
Canadian Locomotive
krX'-■ ? ;VX.
15
——
34
,—*
34
37
;
21
Jan
22
Jan
18%
830
•
Malartic
1.05
1.05
——-4—— ——*
15%
1.15
X 17
X
17,250
Feb
1.35 Feb
785
18
''
Pacific
——25
Ry
Canadian
Utilities—
Canadian
Wallpaper xlass B
175
Castle
24%
•
Jan
Mar
Gold
Mar
24
Feb
29%
Patricia
Central Porcupine
Centremaque
0v
•
Mines.
X
Gai
Chemical
3.00 Jan
f
Wines.
16
1
Chesterville Larder Lake Gold Mines—1
1.41*
1.70
1.25
1.31
600
1.25
21
21
.;... .100
18%
20C
1,51
*
25c
42,400
19,700
X
1-41 Mar-,;
«...
Circle
-•;
Mines
Chromium
Bar
i
«
Knitting
Citralam Malartic
*
•
■-•'-■
1
Mines
Jan
1.90 Jan
X
X
.
21c
X
20c
39c
Feb
70c
50,950
87c
Feb
15c 17 %c
23,100
25c
Jan
58c
'•
Jam.,-
32,500
29,700
530
Jan
79c
Jan
;24C
Mar
40 %C
Jan
61c
V
31c
X
2.25
21,350
20c
22c
5,800
20c
Mar
25,700
61c
Mar X
9C
12c
25,200
7c
99%
102
70
19c
1,200
16c
18c
4,000
:
20c
X 9%C
——
lOi
common
V
16c
——r~r—
35c
81c
,•
Coastal Oils
Cocbenour
Cockshutt
Coin
Gold
Willans
Plow
Mines
•
Co
15%
Yellowknife
Mines_
:
Conduits
National
Coal Mines
14,800
15,600
100
2.45
300
1.95
2.35
23,750
18
18
18%
655
83%
81%
85
1,343
100
180
172
182
165
Bakeries
Consolidated
Mining
footnotes
••
7%
2.43
& Smelting— -5
Consolidated
Consumers Gas (Toronto)..
For
610
73c
80c
2.10
—
•
16%
64c
67 %C
2.45
•
Mines
15%
1,500
22,425
7%
.—5
Coniaurum
30c
4.50
;X 70c
—1
Conlagas
30c
4.00
67c
1
Lake
Colomac
4.2_5
.—2
"
see
page
1466.
29c
4.00
Feb
Great
Vtc
Lakes Paper vtc
preferred
J
48
X 26%
.27%
■
X
Mines
Hahn
Brass
Ltd
4
.
5;
47c
14%
1
Hailnor
6%
200
52c
10,275
•5'A
19%
9%
;
:
'
,
'
;■'
'■
■
Gold
Mines.
,
Jan
Harricana
Mines-
60c
Feb
17%
Feb
X
.;
-XV.X
■
11c
19% Mar
6c
18c
Mar
v.
15% Mar
?■,.»>
Feb
5.00 Jan
4.70 Jan
255
.p
6.00 Feb
....
12%
Jan'
18%
19%
;
Mar
Mar
.
18%
1.05
Jan
Hedley
1.23
Jan
Heva
8%
Jan
1.24
Feb
Hinde
7% Mar
2.40
Jan
1.95 Mar
16%
Jan
78
Jan
156%
Jan
X
2.75 Feb
19
91%
182,
Jan
Feb
Mar
.
Mascot
Cadillac
,
20c
Jan
31c
Jan
20c
Mar
35c
Jan
21,115
2.15
1.90
20c
r35c
45c
2.35
2.75
X
Oil_»—
*
Dauch—-i—J-————*
Hollinger Consolidated Gold Mines
5
Home
Oil
Homer :
Yellowknife
Oil
-2.41
48C
;
23c
2.70
1.90 Mar
20c
35c
Mar ;X
[
21,800
60,700
f
2.35 Mar
.
Jan
3.60
XX 63C
Mar
45c
Jan
69c
Mar.
51c *■ '•
45c
Jan
30c
9,000
18,000
XX
Jan
Jan
.
&
Homestead
'
Jan
87c
,40c
Highwood Scarcee
2.85
64c
Jan
21,650
Jan
Mar
67 %c Mar
Feb
14Vi
•
Jan
11
Feb
33,200
31,199
23c
20c
Headway Red Lake GoldGold Min.es
Jan
XX
1.04
20c
1.90
Heath
Jan
10c
Mar
9%
1,555
.5% Mar
,,
19% Mar
•
,
X
Feb
Mar
22c 25 %c
87c
90c
XXDcXf
Hasaga Mines
Gold
19%
12-
23c
Mines_^>_.
Jan
19
11%
7
Feb
Mar
Mar
600
10
-
Carpet
Rock Gold
Harker
300
5.50.
Ltd
Cotton
24,600
7c
57
,5'A Mar..
29,600
..
•
.
45c
100
13c
6c
6c
Bridge
Hamilton
Harding
25
•5%
34
14
2,045
15%
14
57 Vi Mar
•
<
X
Jan
5%
Feb
34
:
Jan
45c
11 %c
Mines
Mines
42
57
19%
19%
——J
Gold
Halliwell
Jan
X
common^--
X Preferred
13
6%
6%
-
Gold
43
70
-
51.
—J——
Jan
Jan;?4
2,70
1,030
51%
25%
15%
1,790
27%.
49
;>X
Wire—
Greening
Gunnar
*25
26%
common-
Common
35c
36c
Mar
Feb
xx*.
v.t
■
Jan
20c
Jan
*
Jan
26c
Jan
15c
Mar
X I. 115
99V2 Mar
15c
Jan
12 %c Mar
X
Jan
>>:;•*
Jan
2.65
2.00 Jan
*
22
•
1,30 Feb
Jan
90c
19c
■.
Jan
23.200
24c
,
—*—-
Grandoro Mines
—
2:20
55c
2.20
——
Goodyear Tire & Rubber
Graham Bousquet
1.03
95c
6ic X 74c
Mines!.—<—j.—,
X 'fi'"-rS>k;'vk." "'Xkk;
-
,
Goodfish Mining
Hard
1.90 Jan
>
Mar
13,050
2.14 Feb
iniX
Mar.
Feb
Feb :-V
74,430
28c
X
;
|
I
!
;
34c
29c
Jan
DOcDaHX
Research
85^00^X9%cMarx d.220
88c
55c
Mines
Goldvue
J;
Hamilton
Chateau
3.15 Mar
3.15 Mar
25c Feb
Feb
X 58C X 72c
X; 60c
Mining
Gate
Goldora Mines
I
f
25c
22c
13c J
9%c
\
,
8.70 Feb
2.50 Mar
18c
Jan
574
(X30c
26% Feb
26'/a Feb
107% Jan
Jan
107%
7.00 Mar u
,
74,100
Halcrow Swayze Mines—
.-..X
44 %c
Mlnes.
Gold
Feb
2.10 Feb
Gold Mines—
11,451
21c
Feb
4
.
——r————1
»
Central
—II
Gypsum Lime & Alabastine—
——1
Quartz
Trethewey
-
>
.
3.15
1,00
Feb
*102
——
——*
Wirebound Boxes-——--—*
Canadian
Cariboo
U*.
19% Mar ; f
HOVa'Mar ?
Ill
Mar j l
•
.
18% Mar
105
Jan
175
60
18%
19c
15c
Preferred
Canadian
: *75<r>Jan >
. -50
,Feb X
x 5.55 Feb k \
.
Feb
Jan
Jan
14
105
/108
2.50
63c
:yiyy:y'::\:-XrX :K4X4-:-X,'X:.XX':4-' XX':.
,v
Canadian
Canadian; Oils
Feb.
*,15 .Jan
415 *
65
19%
110
111...—
' 107107%
7.00 7.75,
30c
Golden Manltoti
f
Jan
39%
•X
* "45ff"uJi4ar
54
,
20C
lake Mines ltd——————.
Golden
-
B'
Class
%
.
2.50
,—1
Golden Arrow Mines
Jan
XX15
395
660
■
*
21
Alcohol
43% Mar
75
25%
•12%
20%
90
18 V4
18Ya
Goldhawk
f
43%
40
4,550
: v
Goldcrest
:f
65
42%
18
UP
111
Gold Eagle. Minesi-iJ—------.
J
22%
60
.X'X-^'
J8
J-
:'v.
5% Jan
7% Feb
31 . kJans:-k,rfX35"s.Jan-.; t
28
Feb
32% Jan
30
Jan
32
Jan ;;
kj * rT'f'^U '
^
TaiJob
54
»,
^
v.
Jan
21%
4i—
Industrial
23%
60
Canadian Dredge ———
Canadian Food Products common :4:X;*'Xy
A'—
■'
#
490
16%
•
;Class
23%
21%
—————
*
Doldale Mine
*
common
>r-'
60o
5.15
24c
'
*
-4-4-—,
—
Celanese
22%
; ■
Canadian Car 6s Fdry commonCanadian
<v
"D" warrants——:
Gold
Glen or a Gold-..,,,"-,,,.;
-
xX26%XJatt:":"";|
-
•
100-107%
.Preferred •—-iJiX.--—
,7.15
v'sGiant Yellowbnife Gold Mines—..— ^.1
I
24
common,
■,
Gonv. preferred
common—.———
:
v
-a.
1st
Power
preferred ——;——-—— ioo
100.
5%% preferred
—
■,
,
Jan
Jan
119
X
Feb
,
*
—
5%
10
1,940
20
29%
3tKk
54c
' /45c
jXi'X, .iv.-ii.-v54'
i ' 4.50
,4.50
;
Gillies Lake-Porcupine
X:
70c
Canners
28
30%
-i.-——
/=
23% Mar
common—
U::'
500
31
'
9% Jan
-,.X
6V2
.
X*
Explorations
'Gatineau
•
>. »,y.
18% Jan
Rights
Canadian
85
21,700
•
\
Jan
,60
5% Jan
90
Jan
14o Mar
110
,31
7.85 Mar }
16
Mar .J
-*
Mar
2,225
17c
i
,
Feb
Jan
X (•}>*. /.
23%
23
23%
10
k
Feb
21%
,10b
;
48%* Jan
140
5%
5%
-•
-
Ford Co of Canada Class A—,—"28V*
Jl
.23
."17% Jan
47% Jan
,
•^Foundation. Co
196
178
xvx;XX'l20xXi
V'f«'>-
Commerce
Feb
14% Feb
17% Jan
Jan
245
:
Xj
Jan
62
wi—
General Steel, Wares common— —«
■
—
Bakeries commoner—-
Canadian
50%
Xv;- X.'*
•
-X--
Mar
Jan
11
196
•
e—-e.--.4-
9%
18%
"18
55 V2
—
*'
-
13
535
■■■:?•*
3.30 Feb
Jan
16%
-•
;
14%
XX-
■
—Z100
common
•''I/;.*.S*V.'
Jan
6% Jan
19%
B———
Steamship
Bank
2.40
3470x,4>'. WO Mar
3.835
104
110
-14c
jy
2.95 Jan
9%
Permanent' Mortgagee-
Canadian
Mar
55%
X
Packers
Prejfwred'
8'/«
.
2.10
100
7.85
15%
59 %
6% V 7% f
■
Fleury-Bissell preferred—
—
Canada Wire elkss A—
Mining-..
'
6% '
-
„l
———-
Kirkland
Federal
2.35
Power—
class
Preferred
:
15
55
5.10
15%'
56%
,
—♦
•
31c
1
i.
—1
-—
32c
Canada
X .'4
32
18
18
Grain common
Federal
2.10
.»
Northern
44c Deb
.»•'
common—
new
33C
s
.
common
*28c"Mar
Players
5.15
,
,
Fanny Farmer Candy Shops,.
2.20
Canada
»
Jan
X33%C
Canada
•
15
32
I.'
Malting
Canadian
Famous
'Mar ;•
————l
.
Canada Cement common
Canada
Jan
ZZ-Z-*
Flon——r.T—
Campbell Red Lake
Canada
,•
15
32.300
•'v'.V.V.'
Calmont Oils
Bread
a1
>
-Jan
35c
•:'
Calgary. & Edmontortr———-
Canada
Feb
9c
i
——--—T———,
34% Mar
Y8C
34C
preferred
Caiman Flin
'■-j.——L—
^English ElectricclafrSA-————
il
■
Calder Bousquet Gold
Caldwell Linen 1st preferred2nd
Jan
■.
DldonftDold.Minea.;;.^^:^y,^.M.—-
i
13
Steel
Co
Jan
"4c
Products
Investment—-———,
Economic
,
Bunker Hill
x
l:\'
i
100 *
'23%ldar'
* 23% Mar
43
109% Jan
111
Jan
-"280* * *10%C Mat" -,w l3o*
Jan
•
36c
31c
2.55 '
Class
Building
JXV".
32o
Jl
Jan
•
Buffalo Canadian Gold Muies
Buffalo Red
i^O
-
Gold .Mines
f Buffalo Ankerite Gold Mines
•
•
25% Feb
1
|
,
Buffadlson
*X
.
\ ,*
.?.
lib 1.50 ^26^00-^^-* 1^0"Maru?r
lilS.f 1.35'''XriOltK)-:" -' 1.15 *Mar
>y.
—
Jl
.
•
"205v V23
16
'
.
XEast .Malartic Mines—'
x Jan
55c
Jan
Mar
Oil
Crest
East
I
'h*
:-otr
•».
rDast Amphi Gdld
Feb
5
55c -Aisr-
■
15%
•
■
51% Mar
Jan
>"28
.
Jan
28%
1
•
• -
:23%
110% 110%
*
-".I
i'/
30%
X X', 3% Mar
Broulan Porcupine Mines, Ltd
1
X;.XX-: :'k X;:
.'-k
rXkk XxX: "'X -'Xr
'"X:. x
J*
Dominion WoOllehs common!——
-r
23\24%
23%
—
Jan
38
4
*
*
;
.00
17%
25% Mar
—*
_.i_
B
v
330
-
*23%
-
25% Mar
13% Jan
11,004
935
•
common
£ British Columbia Power class Ai
18% Feb
:
"
'Mar
4% Jan^'v
Feb • f
45
,Jan
;
80 * Feb ..%
12%'Mar ' ,i,v.16%,.'Feb
'Jan1 '.* 24
Feb {
-23"
.
*t
.i.
Freference C----.—111—--
340
**" 105
J4
^•'^22%'■ 22%'
--------
12 »A Mar
^British'American Ott———*
k British
-Mar
Stores
,
Dominion. Taf & Chemical -common. &J-,k l
Jan
J6
1,320
27%
Distillers--.;——.—5
Brantford
33
Jan
ill
'15% Jan
.
39
.Jan
.15
Feb
"3114 " Jan
1.D75T 'X3114'Jan ?
•V/i Jan
X* XX*245":"*":;";'7%* Jan.;
21 ye Feb
1;265
'21% Feb
12%
-11
.
Feb
Jan
-
.15%
- Jan
Jan
14
**200
"
32 ■ 33%
32%
32%
27
X
*50 X, '28% Jan
33
14
--
VX-
--
Dominion
\
Bralorne
;'
Xl3% Jan
■
Jan
94c
^
XAX26%Mar15;
556
1,D90
2.D35
*
Jan
-113
w.
29%
"1.90 Jan
.
Jan
" 77c
k'
26
.
Feb
39c
XX 91% 'Feb
14%
:v
.i*
:50c ;.Jan
Mar
"1.45 "Mar
645
13%
„1
4%
Dominion Scottish Inv common——,
.50
^r48'
;
^Preferred
35V:.aX ."f'ilS'i
f Dominion Steal Class' S—
Feb
30c
22e '-Mar
'
3,600
* *
Feb
26%*
.*1.; >;!-.*
Dominion- Magnesium
22%
"Dominion Malting toainion-—i—. .j*
Jan
17
Feb
10 %c
25
"Dominion Fabrics 'common-!—-
..'.Jan
45c
,
Feb
Jan
6c
13%
X Dominion Foundries A Steel cpm
Jan
•
*21c JaH '
.31,900 :x.!v32c-iiMarkX
39,600
3.05
* 28.300
100 '
.
^■1
BobJoXMlnes .ltd————
Feb
Feb-
'
Feb
r "1.85
92c " V 30,400
•■■.T.•
—————
Dominion Dairies -preferred——,^—
'j x;X'x -X
v-i
xv
Jan
'
v
Jan
31%
kVl6%
;
rvV.V.%
1.45 Jan
36-
29 %c Mar
20 %c
Jan*
X-X14X - .Jan
f> 4,000 *
:
1.67
83c
.
Bevcourt Gold
-
V?2?
Bank
Dommlon
Mar
3
94
85c
Dorftinion Coal .preferred- ^-1—*—....
;
1.45
1.57
V Dome
Feb
15%
1.05
2.48
—Jl
J*
common
Mining -J
Diversified
,;
-Feb
200
30
11,825
.
Seagrams
Distillers
39% Mar
88c
Jan
12%
466
9c
'
190
12
k
16%
——
Feb
X ."45
Jan
31%
2.10
5 Dickenson Red Lake Mines
Jan
X
.31 XXJan x
'29%
""'585'
—31
—-—
Jan
15c
s,500;
15%
—-—..
k, Delnite Mines
Denison Nickel Mines
1.64. Jan
Mar
,39
,100
62,350
ffX
.'n4^v'x.v;,' V
.
•
17c
Jan
; 22
; v
•
A
B
•*;
r
195
Z—_i
Sons—--—
&
Bertram
"H
1.05
—
Berens River Mines _*
'k•'
;
;
32%
195
Belleteire
-
80c
'
.
Davis Deather class
Class
Feb
27c
Feb:
-
-
1.36
90
39%J
68c
70C
—
X
44%
39%
——
——
Yellowknife
Beaulieu
'
34%
1.15 Mar
15,900 X
,
XX"27 :X Mar
Mar
19-
69,800
^
Feb
Jan
32>/2 Mar
19 %c
i4;"v.;
Bear
58c
24c
Mar
-
.21%.Jan
19,000
21
1.15
'
XX
:
22c
; 1.23
——
•X' Jlfic
1,250
'
Bank of Toronto
;
X,k;'.:27cx;Marx
^xilecv-xwc'--' 22,200.'"
.25
——.
27c
.
15c-
X' l"5c
;DaviesX Petroleum vi—
&
Gas
XXXX
;
9c X
Xy:'22
16%
'•
9C '
X; 9c
XXX, 22 -X24XX
:
15%
;: 3.05
i_—*. '£ 3.10 :X
X
20c
29c;
1
—1
7c
6%c
3,500
625
Feb
9c
22
r
Feb
X
15
3.30
6,745
3.05 Mar
39c
40,500
20c
7%c
16,500
6%c
Mar .',;,
MarX-v
x
,
Jan
■
Jan
7,450
17
14 %c
y
Jan
25%
19%
Feb
4.40
Jan
35c
Jan
10c
Jan
Volume-ICS'
"
V
r 7
i
Number 4473
'•
,rr
THE COMMERCIAL & FINANCIAL CHRONICLE
rT-"-
j
CANADIAN LISTED MARKETS
'•
RANGE
r
Friday
Week's
V:.La#tV?
STOCKS—
■
Sale Price
53c
—Slil
-
>;•:.+ V
'
paid
Trnperial- Bank
imperial t Oil: VsVi
Jan
V 73c!
Feb
37% Jan
.1
10
3T<
v
1974
27%,
1574
——£1
7%
Okalta
.
Jan
...
197a
Jan
15
/
840
.
-
Feb
Omnitrans
173/j Jan
16
Jart"J
:
Jart/
■
Jan
73,4
Imperial Varnish common--,^—i-i—*'
Lake,
Inglia < John
—
•'
y
83/a
Mountain
«
31
106
106
39%;
-
iii
-
39
1.10 Mar
10,200 /
-
.470.
22 %
1.38
2.01
25c/
31c
1.65
Jan»
of
45c
f
1.10
22-
26
2_
15%
7c
;
Kirkland
Townslte
Mar.
Jau:
:
1.44
Page
Jan>
Pamour
40c
12c
5.500
26
Feb
9c
7
30c
35c
253/4
29Q
v
-
•
Lapaska Mines
•?
;
-
\~Vh
,
i/' f
Gold Mines.
11
Pen-Ray
Goldflelds
2.180
317a
•'
60
161
40
160
■
V.
Jan
159
94.250
56c
21
22% V
Jan'
161'
Red
Lake
Gold
Mines
Gold
1.50
25C
30c
1.10 >•
L
1.05
1.22 ?
Massey-narrls
29%
28%
-
1.35
1.56
50c
80c
3oc
32c1
38c %
4.15
3.95 s 4.35
3.85
3.55
-
-
"
Feb
1.55
37c
.
»
3.45
L35 Mar'/
80c
.
Ac
•
1—10
...
32c
Mar
45c
5.95 Mar ^
-
11%
14%
7.50
&80Mari;
1.15:
3.75
Feb
725
14
36c
127a
25,200
98c
4-' 22c
40c
i
Jan
.
Feb
:
22c / Mar
22c
27c
1672
18
3.900
143/s
29
30
1.760
277a
Feb
20
21 f
65
187a
1,950
167»
Jan
17,200
16%
18
105 105 Va
v| 16%
porcupine- Mines—.1
'
69
68
1047a
670
Red
Mihes.-Ji.i--j—*l-i
Lake
McLellan
J
Gold
'//'
Mines--
Gold
20
33d
•
/•
27c
25 %c
32c
19'
19%
375
,
"}r ^
{
^
>\-l '.■*
J./ij" '
,
•
J
124c,
12c 147aC
54.300
1073C
ioc iiy«c
9.570
19'
;—1—
17c
Jan
Feb
•154'
154
154
45
138,
.Jan.
101
^
100
101
40
95
Jan
Jj_.»100
155
Porcupine-
—1
■
5
Montreal
Light Heat 6c Powers
•
Corp commonJ--J——,
Long Lac_
^ '' '
..Tift
Grocers
-J
/•>/.''
•
"t t'-"
'•
.
National Petroleum
61c
24 7a
.;
73c
2474
33c
file Mar
22% Jan'
22,450
2574
72.7a
33c
73
—-—1
37c
3,190
16
15% Mar/'
1,375
■
100
———i—____25c
11c
National Sewer class A-—
•
National Steel Car—...* -:National Trust
__—_..100
lie
32
11c
18
1.25
Jan
16% Mar
23 %
Jan
1,900
60c.Jan
27
1/
class
Gold
Oils
■
2.65
1
297a
3.650
97
2.41
~
-
24'
40c
43c
75c
,81c
20c
19c
Nordon
20c
4.25
Malartic Mines
Mining
4.00v
64%
—
637a
70C
—---r'r-"
Corp
footnotes
48
——1
25'
.
.
57
1057a 1057a
10,5%
31%
Jan
25
Feb
25
13C
-
10c
13C
33C
33c
39c
94c
1.20
25
26%
59c
62c
1.45
1.45
1.65
2.12
a4
427a
48
427a
46
15
16
17,
37
38
38
1077a
1
|
see
'
Mar
Mines—--
50c
1.63
Jan:
Jan,/
*26% Mar
70c
Jan
2.08
Jan
3.65
Jan.
Jan
37%
Jan
48
Mar
35%
Jan//::
46
/Mar
14%
Jan
17%
17
13%
Feb'
Jan
10
610-
Mar
Jan
13
25
.
Jan/
36
.
Feb
.27%- Jan-,
755
24
279
Jan
101V*
Jan
1.10
39,550
91c
Feb
1.40 Jan
9^C
92c
75c /
78c.
7 Vic
8c
Petroleum—i---*
/
*
i4<5l,800
45c
Jan-
1.12 Jan
874C
18,600
'325-
/
18
20
1.15
1.30
1.06
1.00
1.10
26,095
107a
———w—
*
10
Rights.--—-■
% preferred
j-j———100;-';
y,
1
5C
/
12
1974'
/.
8
7
8
1.15
54
Feb
Feb
1.48
Jan
Mar
16 y4
Feb
lc
100
67,600
52
Jan
Jan
100
Mar
1.60
Jan
KP'lx
18%
196
90C
20
1.50
10
315
90c
10c
Mar
1.00
55
20%
Mar
1.15 Mar
2,605
7%,
.
18
10,444 /
103;
774
'.;.
5,910
60c
lb
103
103774
—
6c
6,210
1.20
Sturgeon
common—-*
847a
-^-—-——————25
88
of Canada
Preferred
Jan
'
Stuart
,
3.70
3.80
•,
preferred———._-—*
Oil
83'
6%
103
9%
Jan
Jan
Jan
24-
,
k
8%
85c
Jan
48 %
Jan
54
78% Jan
240
84%
40
88)
81
32c
30VaC
——————:
-Mar'
Sturgeon River Gold
Sudbury Contact
Feb
16%c Feb
.
Sullivan
/P^'327:;Jari/'V-/
'
7 249
Cons
/ Surf i Inlet
/
Mar
8,500
''"1.50
-
■
Jan-
85
80
2,500
4.00
1.29
50
23%
33c
37c
12c
13c
3.00
9,200
2.80
2.70
3.00
13,075
77c
93c
50,544
3.4Q
3.25
3.65
7,705
1.41
1.40
1.60
Jan
29c
34,350
23%
37c
—
6,360'
——I /
1
Mines
Consol
83c'
Gold——~-50cJ'
Sylvanlte Gold Mines.•. —.T
Feb
Feb
Jan
Jan
Jan
Feb
18 Va
-
88
Mar
40c
Jan
4.45
Mar
Feb
Mar,/
Feb
Mar"'
Tamblyn
-^Preferred
23C
28,500'
19c
Mar
30c
Jan
25c
30.600
20c
Mar
29c
Feb'
95c ; Jan,/
,,
67,
63
1'4.834
-'
27c
1.65
63c
27c
.
Mar
5Ci>"
56,030:
'
Mar
1.05
Canadian
Tip Top Tailors
Toburn Gold
Jarif
Jan
23% Mar
Jan
33c
Mar
45c
100
Jan
20c
2.70
-
24c
•
..:'1
3.25
Jan
1.02
Feb
3.35
Jan
4.10
Feb-
1.40
Jan
General
21%
1,255
4.70 Mar
1.25
1.30
/; 55c
64c
26,900
84c
73c
87c
100,700
20
21%
;/'•/ 235
2.00
2.20
1,200
.
,
1.25
52c
.
'
22c
26c
12c 13Vac
60.150
v
/
-
37.4007
22C
Mar
/12C Mar -t-
33c
Mortgage
Towagmac Exploration
Jan
22c
jan^"""
Traders
Finance
Mar
54"% Mar
5.35
1.40
Feb
Feb
79c
Jan
73c"
Mar
99c
Feb
20
/
Jan
Mar
22%
Jan
1.95
Feb
2.40
Feb
46 %
Feb
*
40
437a
630
36
Jan
155
155
8
145
Jan
155
Feb
—100,
1
120
120
10
1043/4
Jan
120
Mar
26c
32c
21,700
26c
Feb
class
——
*
A
23 74
25
241
23
7 5
24
%
39c
Jan
Mar
30
Feb
Feb"
30
Feb
'
'
/.
Feb
25
a
—.—100
Trust
Toronto
I
/ 1.94 Feb
Jan
54 Va Mar
'
13c
Jan
Jan
142,055
//
500
*
,
Elevators
Toronto
.Ton-' 7; 1.03 Jan;:, 7// 2.08 Feb/' ;M
35p
Jan
Jan
48c
55
4.90
56C
•
—————1,
—
—
Toronto
/
4.70
1
'——
Oil—
Thurbois Mines
4.90
V
54%/ 547s
/547a
V
3
24/
23 7t
23 74
*
common
Thompson-Lund Mark Gold Mlaes
-
Jan/
723/4
(G)
Teck-Hughes Gold Mines
5.85 Feb
;
Jan
5,500
80c
27c
3.70 • jsn
3,150
4.30
'
3,600
■
fl/.v.-
;
*Jan?
'3.25
40C "Mar;;; vfu. 60c
Jan
1.38
1.39
^
1466.
/■
"
Steel Co
:
page
14c
Jan.7;
Mar
■
5374
60c
63c
,
L/d__
'
Mar
..
6
1.45 Mar
1,052
107 1077a
96c
10
37
1.66
250
26
i
•'
'
24
100
<
Feb
213/4
30
13 Va
Jan
47c
670
I
Jan
105% Mar
4.75 Mar
94c
345
15
15
8:7
Mar
25c
1
385
42Yz
59
Jan
330
134,394
'
Jan
Mar
ioc
.
3,400
1.75
247a
Steeloy Mining Corp
Class B'
—
*"
ji
Jan
30
;
38,000
1.83
-———L-.—*;
v
210
50 7a c
//■sib"-:
Stedman. Brothers————•
Feb
/•
J9-U
Mar
104
65
103/4
Paving common————*
.Preferred ——————•/
.'.Standard" Radio'
Starratf Olson Co—
———————«T
i
Jan
/ 1.57 Mar
Jan
17c
300
297a
common
ilan
Jan
Mar
44
9,475
7 5,800"
6,050':
79,000
1.05
—
28
End
.
38c
64c
43c
210
31%
5.30
;/■
.
9%
31
4.75
13
MalaTtic
j[
20
20
-
5.00 /
1
'•
j
Feb
21
-
2,000
-9
-
80c
r
If
Feb
48 %
22c
'
Mar
725
18c
IO3/4
..5
-
Mar
450
8,600
29
'
24c
:
88,738
/:
48c
13
'
/
205
103/4
-'.
Feb
Mar
38
Mar
14c
8,000
29,400
25
•
'
Jan
56
—5
B .new
42
17C
—100
common
Jan
Jan
'
Brewery ;common^--L/--~-L,--?7
new
34
15,000
■
1.57
43c
1
new
;; 76c
.,40c
'
17c
1.26'
-—-——T——
Ltd
Feb
/ 62o
205
54c*
24
Dairies
V 18c.
155
28c
24%
Mines_^_
Jan
48
45c
Jan
1.70 Feb
Jan-
7Vic
:
14c
Co—
Gold
:
32c
27,800
24c
Feh'
12,300
-
'p:i*r
Norseman ; Mines.
Northland Mines' —:
For
38
2.00 Mar
1.00
6,700
72C
37
—i
——j.
:!/
Jan
6,500
"
.
Oil-
Normetal
Mines
'
preferred-——•
Texas
•/ .21c"-
Nipissing Mines '
NorandaMines
35c
13c" e
■
62q
•r—— i;f{
i—
Mines
Preferred
5
'
Yellowknlfe
Norbenite
A
Standard
v^ Ja'n'-' 7«/29%Jan
-240
80.825
3 00
43c
80c
——.
1.50
32c
12c
1.40
'
•Baku Rivfer Gold Mines-——
Mines
—
1.25
—
*
Silk
Standard Chemical
Feb
<30;-
Mar
V'yC*-
-29 ^ -Feb 1
10
240. .245
.
Mines
Feb
14% Mar
10,780
—'
steep Rock Iron Mines—
•
Jan
Jan
18%.
Mining
Feb
.
45c
287a Feb'- '
,
1.000
>
32
—
i
11
'
—.—«__20
Negus. Minftft. —-JL'
New
Bidlamaque
1,405
Feb
72c
Mar
.
777a
31c
Jan
"J. IZx
fVp&i,
23,000
13
17
22 %c
Mar/
167a
south
Mar;
Mar/
,
26
Jan-
70
365
74 *
16c
Mar
Stadacona Mines-,
7/
91C
,
j
common——.*
—-u—
660
Jan
/ 49c
6,100
86c
Southam Co
Jai\.
101
-
•
*15
V 1,000
Jan
69c Mar
Bladen
147a Mar
.
400
50c
20c
Jan
3.45
,
14,706
Preferred new
123,ac Jan
11
7.675
2.69 Mar.
Jan
12,400
Siscoe Gold Mines
Feb-'
Mar
147a
22,880
;
Feb
22 Vi
r
18,400
Class
1978 Mar
13
Jan
58
75c
■-
13
100
j-
New preferred
36c
9c
.
153/4
717
420
Jan
/, 49 c
Simpsons* Ltd class A* new———*
Jan
12c
.
2,90
53
1.06
Silverwoods
Mar
50c.
Jan
v:
'
2.00
-Silverwoods
f
.
& Gas—
Mining Corn —^-•4,,:.,,
Monarch Knitting new
.•
:
...100
Preferred
177s
Jan
3.35
1.:
86C
j
Feb
8V2C Jan;.
25%C Mfjr
20,500
Jan
717%
Jan
69c
Silknit Ltd common^--———--—40 ;
Jan?
.'It^Jam
Mar
30c
1.65
Feb
2.40
i.W
-Votings-trust-^--
Jan
77
5 7a c Mar
1.000
8.445
Jan
1.97
Springer
—j-.-——1•
* '
7C
36c
30c r
Jan
1.75
,69c
98d
Sicks'
Feb
106
1.25 Mar
27.62n
2.69
"-12/
Sigma Mines „——————1
^/2^7:Mar/'-
Mar
Jan
Jan
'
1.00 Mar
14
16c
Manitou
Pherritt-Gordon
" '
Mercury Mills
Mid-Continental Oil
1.43
67ac
.1
V : ;'
-
1.25
1
Lake
Red
;
1.3^
2.70
,
35% Jart*
;
Jan
68
45
77
.
,
10,900
.
17 j 1874
10
Mar
45c,
193/4
Jan
i
60
1574
Jan
2.20
.
Jan
297a
-.^.^-L.100
.
46c
17
m,
5474
17
Shawinigan ——* {:
■Shawkey -—-i---^--------^---;-----l/
Sheep' Creek
—-_50c
1572C Jan
Feb
30c
60.600
54
//;/
''
common
Sannorni'Mines'
Feb
17
Jan
32c
5,545
1.30
75c
52c
*33
Feb
1.06 Mar
85
2.74
-1
Senator Rouyn, Ltd
Jan
Jan
10c
Jan
'
—
Jan
5 Vac
117a Mar
'..
1474
14"
Class A preferred—
,-50
San Antonio Gold Mines Ltd——X-l
Sand River Gold-——,——1 ;■
Jan
3.75
,
4,500
f
1.00
2.46
k'.
1
Saginaw Power preferred—
St Lawrence Corp' common—;
Jan
95c
•
4c,,Feb
157a'
1.30
Mines
29%
10?560 "
1.35
1.10
Russell Industries common—r.-—10;
'
Mar
Z 12c »
1.08
Dome
Ryanor Mining
Jan
5.45
14.00 Mar".
10
II34
147a
10c
:.
1
-
East
1.06
-
2.47
,;.v
Metals--/.—.—L.—1;
Rush Lake Gold Mine—
5.00 Jan:
3.10 Mar
26.000
Feb '
4.95
7.70 Mar
Feb.
1.20
Rouyn
Roxana
: Feb
12,625 /
4Vic f;:
4c
47c
3.85 Mar
// 6
6,695
:/-.
Feb
Jan
Jan
35c
15,280
Mar
Royal Bank
Royalite Oil
Mar
•
/ 18,366
Jan
9 Va
1,95
Mar
Rouyn Merger Gold
1.70 Jan-
Feb
2.90 Mar
40c
27Va Feb
45c
Rochette
Jan
Feb
65c
40c
Feb
Mar
Jan
/40c
Robertson <P: L) common—J*
Roche Long Lac—
1 *
.Feb
16,200
4.25 1
/:24%
Jan
1.05
8
Feb
/ 1.43 Mar
.30
7.25
11c
7
1,200
Richmaq Gold Mines—
1.46 Feb'
Feb
40
27.430
36c
6.50
Feb
!•'' 72
Mar
5,000
Riverside
Jart
42c
75C
//
3.85
Jan
Sjfr
65c
C
24c
125
Jan
29c
Mar
12,900
Queenston Gold Mines
IV20 Jan
32
2.90/ 3.35 *
3.05
10,405
267a
35c
Jan
71
32
Jan
Mar
7
■r
24,200
1.60
76c
VV 25
30c
Mar
7 6%c Jan
71,375
71
.39c
.1
P
30,525
5,500
94c "
3.95
.1
Jan
*:-
4.65
Jan
97oC
Feb
46c
Mar
19c
50c
Reeves-Macdonald
Jan
3.25 -SiK 25,150.
4.00
31c
17c
47C
Regcourt Gold Mines'—,
Reno ;Gold:------
277a
50.285
Jan
30
Jan*
17.200
4
Feb
2.85
45c
70s
26%
16.825
35 ^
29,100
,
Jan
Jan
6,300
25,800
/
1.65
Mar
40c
7""^ v';";
Nicholson
Feb
Jan
18c
2.10 Mar
25
19,005
;
6.80
/
85c
6.10O
.// 345
2.20
50c
24
332.300
'
4.50
2.80
•
71c
1
i—;
Preferred
Nib
8%
Jan
30%
Jan
1.05
•95c
323/4-
267a
:
Jan
2.55 Mar
7%c
14,600
.
8
Mar
w20c "Jan *
13c/
1.43
1.45
1
22
V f
1—1
u
New -Calumet
Feb
Mar
36c
Mar
7V4 Mar'
275
24c
25c
.
1
20c
in
960
29%
75c
common:
Preferred
'■
2.56
Jan
Quebec
Feb
Feb'
315
313/4
29
1.45
McBrine'; (L) Co? preferrfed—
McColl Frontenac dilLLL-u-^LLL—*
Preferred
21c
42.300
-V
31c. I |37c
Mar
,i
K.
35c
8C'
,...1,
Jan
1.35
26.350
'
.
Purity Flour Mills
8.00
Jan
5c
78.125
2.90
30%
;
• '
Rouyn Gold—
Martin-McNeely Mines-
National
77a
71
1
Proprietary Mines———
Prospectors Airways
—A—
Purdy Mica Mines—
Feb
8.75
Mar
19 74
12,100*
2.55
2.65
1
Fields—
Marlon
I 'A I
21c
774
1.27
Quebec; Gold——
'•r
^
41c
13.800
1.35"
'26c
Marcus ^Goldiif.L^^i-LuL.-ii*L----.li,
Mosher
47.885
40720
Preston
?->at *»:"(.
15.500
1.38
Mapie Leaf Milling Co commort,
•
Maralgo Gold—,t————L.—I;
Moore
1.72
82c
Pressed
317a Mar
Jan
14c
;
530
5'/ac
1
Maple Leaf Garden preferred
Moneta
Jan
Feb
85c
Jan
263/4
:
>
Feb
19
25
13,400
•
Gold
Manitoba & Eastern
:
Feb
15
Mar
57c
20c
Jart;
/
';l9c; >■ Jan;
■
i-
Jan
7.80
1
Magnet Consolidated Gold-
'
14
50
26c
rremier Gold Mining Co———
t
Premier Trust
:——100
' 7,
Mar
30
Jan
1.46
6.35
:/ 5C
3.00
•
Jan
Co—.X
River
Powell
-*•)>'
11
20% Mar
1,900
45c
4.25
-
Mar
17
Gold-^
11
^Voting trust certificates—
Power' Corporation/' 1——i,;,
Feb
28
:
.
'777v/7.7V
12c
.
3.587
•
.
120
Jan
71c
17c
;
Pickle-Crow Gold Minna
Pioneer Gold Mines of B C
Jan
2.90
"55c
Feb
6.85
L
5c
••
MacLeod-Coexsnutt Gold MineS—-—17'
••fViv'V*• -i\ \yv;-?-A;•• SY
?'pl'
&?:•?? •
~
i
Mar
14%
Mar
19 %c
Perron
Jan
2.30
t
Mar
3.10
203/4
Mines—
Powell
6.60
lie 15Vac ?
22
Madsen
f
Feb
120
105
Mar
1.90
33c
1
Porcupine Reef Gold Mines
7.80
1
-
MacportaldMines '-.sV-—-.*-1
McWatters
Va
32c
18c
Porcupine Peninsular
21
«
•
———:
McMarmac
26
48c
31
2.05-
Peoples, .Credit Z Securities
-j.—.—*,
Gold-Mines-^-^wL—--LZLi—«-»!/
Photo Engravers 6c Electrotypers——'•/
Picadilly Porcupine Gold Mines
1
Jan /
9c
Gold
Feb
.30c
B.000
227a
49c
Gold MlrtfesL.~i--i.---.lr
Lac Gold Mines Ltd
Yellowknlfe
McKenzie
Feb
Jan
Jan
22c
22c
9,700
1
Feb
1,02 Mar
143/4C
20%
r
t
Lundward Gold Mines——,
Mcintyre
43c
30c
21
10
„r
14
23C
—
85c
Feb
19,000
1.18
15c
Groceterias class AV———*.
Malartic
Jan
Jan
10
16,560
31,000
*
51,650
common--—-——*"
17%
/Jartivv'
2.00 Jan
-v.
Class:•
Lynx
Jan
Jan;
44c
85c
31
:
1
Jan
7.00 Mar
12c
'
,«.»—-1 •"
Lln^ihah Laka
Macassa
90c
37c
53c
1
Malartic
Penmans Ltd
Querncnt
1
7 "3
Ltd
Gold
Louvicourt
Mar
Mar
120
1
30
Mar
18.325
207a
0
Laura Secord randy,—±
—ITa.v
Lebel Oro ■ Mines■'-1.—Vi—7
Little Long
Jan
50c
27c
15%/
8c
86c
•
I
Jan
1.850
8.25
1.02
8.00
Xapa->Cadillac'5^u,^-^-.^LLL.---.-lti
Loblaw
Mar
3.85
48c
97ac
•
Gold-
Feb
,
7.00
Malartic
2.25
1.70
21.100
25
"2
Xuz iMines,•
Lang & Sons-,
(new)
Porcupine Mines Ltd;
Paymaster Cons Mines Ltd
Feb
21c
Z
•
Mar
75c.
39.150
317a
——100
Lamaque Gold Mines——i.<—
Hersey
Partanen
•
1
■>
6%
Z/.o/'
Jan
2.65 Mar
'
1
Pandora Cadillac
Jan
65c
Jan ZU
15
-
-•
_
37c
'
1,80
r
30c
•
Preferred
Lex ind en
/
*
.
Jan
26
500 V
2.42
..
1.01 Jan
10,050'
75c
..
23c
10
2.18
Lake> Fortune Gold
Mines--rw---—13 %c
Lake 8hore Mines. Ltd—l——-—1
217j
Leitch
Aircraft—-—.--
Paramaque Mines
Feb
40c
,
/•
Jan
...6c
188,350
75c
2.30
:
Oila
Feb"
Jan
40c.
..
1
,/
&
Jan
1.42
/
1
■
.
Feb'
Mar
8 3/4
Feb
32c
\
—-—
85c
3,900
26c
14
1.40
V
6 13,460
'
21%v
120
*
Petroleum
Jan?-
1
-—2—2-
common
Paealta
1.90
1*'-
Woods
■
2,30 Feb
25c
.5,000
.
15%/ 163/4
75c
—i.
•
Mar
47
Feb
5%C
; • e'goo
-
13c
26
Labatt (John) -.i———i———25;
Labrador Mining & Exploratlon______i
,7.10
Lake Dufault Mines Ltd..
1
' i.es
j
—4-
Car
27%
/
30c
„
1.75
j-—
1.92
*
•
Kirkland Hudson
Lake
Mar
1.20 Mar
18,600.
,7,300
6,000/.
23,489
23c 24 %C
1
Mines
,
'
52c
12c
1.17
—
Canada:
Mar
21
.
'
6%c
6C ;/
Mining V——
Co
600
.35c
6c
Mines--
—
KirkJand
.
Rights
Ottawa
:
Kerr Lake Mine«22-—_v——Li
La
Lake
v
147a
l
.•
32c
22c
*
_u_.
60c
21%
.53/4
13.255
31c
26c
21%
Janl
106
Jan
39
'
30c
31c
'
6c
v
——.
12c
Kerr-Addison Gold
of
Osisko
Parbec
~
Gold
1023/4
•
4,888
..8,175V
23,000 V
...
V
2.15
28 %C
46c
Quebec —'
Lake
Feb
50c
—100
Orlac Red Lake Mines
32%
,
29% Mar
45: '
413Va
21
.
•'
.
Mines
Kelvinator
"
!
Jan
14
High
•'
Feb
7%
•.
190
3.00
27C
45c
•
1.20
22
/ 5 1.33
50c
{'
Kayrand
1.22
29%
*
Mines
Consolidated
Joliet
Jan
9%
./
80c
Pacific
Mining:.
»•
J<M
1.10
30
V
••
Mines
Jelllcoe
Mar^
/
:29C;
23 %c
1
Crush common
Preferred
^
Orenada Gold Mines—
■
2.85
27c
common—;
Orange
15%- Jan
Feb';..
;i46c
Low
1.06 Mar
10,800'
^ vRv ''674
2.75
Exploration
Preferred
.
Jan
t*
Jack-Waits'
.
14
-
■
180
•
106
*.'i
„
Uranium
Jacola Mines—j,
h' {
13%
1.10
•
Jacknife Gold Mines----—'^,2.;
Jason
20
27,400...
'. :>/-/ 500
8.
50c
Ontario Steel
t
International Nickel Co common
International Petroleum^
Internation jl
Island
:':
;
-
53c
:
12%
—
f-r/ ;
V
;>i4
14
46c
8
V
"
Preferred
f
J4'
52c
i
-6
Inspiration Mln 6c -DeVfelL—■—iInternational Metals class A
-
V
LI.
-
_
309,410
5
$
Oils.
O'Leary Malartic Mines.
•
Omega Gold MirtesLL^-^.ii^LL.-l;
/30V Feb
.
Mar
13%
200/
7%.
85c
8
O'Brien Gold Mines-LL
Jan
: 26
,
1.15
68c
Range Since January 1
High
30C\ Jan
'
.:
15%
7%
.
Shares
1.06
——
48
17
700
-
15
for Week
78C
l •;
;
48 V Jan;
Mar
7,922
28j* ;
V'16..:V
15;
15 %
Sales
;v
of Prices
1.08
Star Oil____
Preferred
Feb
•
-40
20
1
Mar
16c
18,200
ZVVZ20'/
44
4574 Feb"
pi•./' %
Red
Week's
Range
,
.
^
Indian
Friday
Last
Sale Price
Northern- Canada Mines
//North Inca Gold„^—
Jan
'
27 %
i-,——;-
_
74c
North
U,1,149
-
.
40
•
40
,40'
■»
Imperial^ Tobacco of Canada ordinary_5;
.Preferred
Mar
'
J—10-,
'
i
47,300
v
20c
40-
.
1974
r;:'r
.
50c
44c
37,500
417a
16c
40
—„
:1
■
52c
40%'
16c
//
Huron & Erie 207c
STOCKS—
;
'Z5* '/V
£
B
Range Since January 1
;;;
Low
59c
45c
41%
Hunts Ltd class A^--i-—-*••
Class
5QC
47 %c
Hudsoif Bky Mining tt 8meltingL——*;
Hugh Malartic Mines,
c
1
•
V
l\;
Shares
LowZ; High
Hosco Gold Mines—
Hdwey Gold iMmeai.. V-sV
MARCH 15
for Week
Range'.
of Prices
Par
FOR WEEK ENDING
p; Sales ../
24
/
24
]j
,
LISTED MARKETS
CANADIAN
-
L
.
•'
:;.'•
•
•-
■
•,'
■
••
"
"
.
>
T
-,;r
-
'
•'••..
,•
,
•
-
•
y,
•"
J "
*| *.
•V\ -1"
Par
*v,k-
,\(t"A••.»:■,*
Last
for Week
of Prices
Sale Price
•*'
l
8ales
Bange
Last
«
V
Week's
Friday
Shares
Low
"LOW
High
:
Par
High
Transcontinental Resources
1.21
1.28
Union
Co.—
eras
Union
United
-10:.,'
—
Mining
1.41 *.
16%
27C
1
—-
27c
14,911-
31%. 31%
26%
30
25 %
Mar- ;
175
Jan •'.-■.-
>.
24%
B
Class
United
Oils
Steel
-
•
Vicour
31%
'-i5%
Feb
Mines, Lta
;walker-Gooderham & Worts
_
Consolidated
Wekusko
Preferred
1,000
25c
4.65,;
5,300
1,710
21
23
1.25
1.40
;
:
30c
_
—
Rights
'■,»
s
Alexander
Wood
Wool
27
19C
13 y8
99
30
"Yellorex
190
Mar
19c
York Knitting common,
k
Feb
117
Jan
24
Jan
5.05
-
-
Mar
-*
10%
10%
10%
33
33
33
143
common—
*———35
67c
Feb
Jan
Dominion Foundries &
Feb
Dominion Glass common
■?
$1,000
37%
Jan
32%
SteeL^.^..—*
23 %
-
Jan
Jan
182
540
v
Toronto Stock
-
16%
—
Foundation
15"
,15%%
"
2,635
310
31
30
31
.19%;.
1,821
14%
110
105%
Caaadlas Funis
Last
•TOCXS—-
-
Bang*
Sale Price
National
Asoescos Corp
Bro*^
Bro*.i
470
1295
~
170%
Canada
&
Vinegars
*57
180
5%
6% *
89%
6.240
92%
21
-
21
Bruck
Bruck
Canada
30% Mar
31
,
„
20% Mar
415
25
■
.
Goodyear Tire Pfd Inc 1927
Gurd (Charles) common
Jan
Preferred
66 ya Mar
180
Mar
7% Jan
Feb
Mar
-5%Mar
84
Jap
20
Jan
Hamilton
96
Feb
23% Jan
Canadian
Western
Lumber
<
'•;•
Preferred
Consolidated Paper
Oil
Dalhousie
deHavilland
:v/
j.—
Aircraft
preferred
International Nickel of Canada
Dominion
'
Donnacona
j——;
;•' •
—
Foothills. Oil A? Gas. in.
:
Preferred.
,■
-:
Preferred
;
«fc Ontario
Oil Selections
eend Oreille
■4.
v
; stop
~
Laba 11.
"
'
( John)
Canadian
>
Sugar A com
com,'
22%
—
100
^
:
,
:,_,10Q v •■■:—"■
preferred
of Prices
v..Low
._*•
i
Works Ltd
Glove
6 Vz %
•
Steel
!
Shares
-
High'
<
s
,
av -i
23%
490
105% 105 y*
: 16%
105
16%
105
•
Preferred
Aluminium
Ltd-
-
Aluminum
Co.
21
v '
55
5/
-
20
BancoSlneeJanuary\
Low
/; '
High'
20V4 Jan
103
24
Jan
25
103
31
173
Canada
/14% Feb",
100" Jan
'
17,,
21
Mar
•
pfd
Corp
4%%
'
Warrants
Asbestos
56«/4
8%
«
100
100
.-
Telephone
•
100
2%
30
—•
j.
Bathurst Power & Paper class A
Bell
18;
50
preferred
„T
Corp
*
—25
National Breweries common.,.
Preferred
—,—-i.
1
Trac
Light
British
Amer
British
Columbia
& Power.,,
Note Co
Bank
^National Steel Car
•r
'<■'
>. 19%
195
18
56%"
10
90
9%
2,285
100%
115
2%
718
17%
2
32
1,690
Jan
30
2,807
•19
231
i
^ 20 v
55
Feb-Vu: 56%
8% Mar;;;12
98 '/a
Japii,; ^101 Vz
20%
198
Jan
i
Corp.—.——*
*
181%
3y8
Steel,-Products
Mar
Feb
Mar
Ottawa
Ottawa
Feb
Car
25%
27%
7,444
25Mar
24
24%
176
22
445
27
Jan
.
Preferred
.-:
*30% Jan
_
Jan
30%
3%
V
-r*
;
365
1,890
,
29
4
1,480
440
3l/a Mar
20
5
Jan
31
34
1,040
23%
Jan
34
21%
22
700
20 y2
Jan
24%
Dredging
Jan
23%
:
r
c
River
82
Feb
.141
Jan
165
24
25
24%
-16%
common,.
Preferred
143
18 »/8
144
3,285
14%
155
131
26%
26 y2
150
26
Canada Iron Foundries
20
20
277
13%
13%
97
Preferred
-
Jan
19
Jan
Co,
Price Bros & Co
5 Ye
51
51
40
45
255
29%
29%
44%
.716
46%
46%:
4
-
100,
25%
66 %
64%
I
21%
67
-
y
16
,
,v
*
145
Transport
4
•
--
50
Jan
Mar
L
10
102
Feb
29%
Feb
16 %
Jan
21
Mar
12'/2
Jan
14% Mar
,
Rolland
Paper
Saguenay
St
Lawrence
A
pfd——
preferred
Power
100
.100
;
'
125
34% Feb
72
footnotes
see
page
1456.
Jan
Feb
33%
Jan
925
14%
1.615
13 % Mar
17%
Jan
4,905
54% Mar
61
Jan
100 Va
Jan
102
Feb
15%
Jan
18
Feb
17%
Jan.
22
Mar
Jan
1(?
58 Va
80.
21
22
107
:
17 %
107
.
50
1.110
Jan
30
107
-10
105% 105%
105%
>
15
8
9%
1.580
31
31%
390
'
106
Feb
109
103'/a
Jan
105% Feb
7% Mar
30
-
Feb
"hM.'llO'
For
;
23
31%
17%
31
8% Feb
• 57
-Mar
a:T8% Jan
21
100% 100 ya
.
50
Feb
254
72
54
56%
Corporation common-
Feb
13 'A
13%
*
preferred
•
-Jl
•
Feb
Feb
Feb
-Feb
j
30%
sSssC
21%
33
Feb'':
21
,
100
—
6V2 Mar
-•
■180
26
;
Jan
; 16
135
33
70
•
Power
•;
265
16
103 " 103
;
21%
105
6%
e%
'55-57
"
.
Mar
Provincial
Jan
175
115
21%
Jan
Jan
72
Jan
.30%; Jan
'955
180
29" '
'^24%'Ma'r*
63 y4
.*
29Vz Mar
Jan.
24
s
Feb
46,%-Mar -
v
;
,
—-—
—
..44% Jan
1,542
31%
31
180
180
33
Ltd common
51
Feb
44
.
.,
t
Sn.-.i.*
.
27
Mar •
51
32 V'.. Jan
29% Mar
4,930
v:
•
n
M 56.
-
,
—
—.—
■
.
.
25
39'/♦•.
46
25%
Jan
47 ' • JSn"
ri.304, Jan
40
40; ;.
.—1
preferred ;
Quebec
Canada Forgings class A
22%
11,156
51
'
" Mar
Mar
Feb
100
61
»
of Canada
>.;{32% Feb
8
*
•
Tubes,
Jan,. .,30% Feb;
> 29% Feb;
'
16
«
Jan
Feb
.27%.
,
-20 < Feb >:
„
100
...
•
Powell
Power Corp
Bulolo
:
U
;
80^; Jan;:
80.,: Jan,.
.14%.. Jan
16'/*. Jan
...
165
"
m—-
Pow^i,
5^-—-
■•■
24*/2 Mar
Feb
50
5,378.
Feb
12 -"Mar.
150
Ltd ccommoLn——
31 y4
Building Products class A
Cement
1
i. 1,981
;
..
23% Feb
.
100
.w
Aircraft;;
Light,cHeafc &;
Penmans
Mar
21 y8
Canada
;
161%-Mar^
165;
21%
common.
Ottawa Electric Rwys*j5
Page-Hersey
200
2o y
Gold
27%, Jan
.
Feb
10
23
Feb
Jan
30%
Corp A
Class B
Eiuck Silk Mills
Feb
15
J;
0 31% Jan
100;
31%
-100
Preferred
Feb>£oo f.35 Vi Jan
Feb;^0Q 22 V'a Jan
"
Pr
r
.19% Jan v"
160
:
.
i
Placer Development
Brazilian
v
30:% ;3i% '
28;
•
^1%
100
Ogllvie Flour Mills common,
109
"
common,—.^
convertible
•
880", :^18%^JanL; .Tf, 22.
~
12
16.% .18
-
Noranda Mines Ltd
183
108
100.
Amalgamated Electric Corp
Anglo Can Tel Co pfd,,
Argus
ll6'/4 Mar ;
43'/a Jan
:
—
4..
135
;;;
80.
16.%;18
<
i,—.
common.—
.
80.
<t
-*
^
.21
21%
10%
100
Montreal Light Heat & Power Cons—•
Montreal: Telegraph ———————--4fl
Montreal Tramways L100 ;
Murphy Paint Co common
—*
Feb
Feb '
105
-
20
,20
-*
Oil.!
Cottons
Ontario
:
•:,->-442;:
iah
55%
,116% Mar,;
40
Feb
Jan..
Jan.
vv.29
,-.J%n ■;
157,*. Jan.
,
27^ (Jan
L
.
IWl! L12
103
—
of
;
i .,5-70. i'i 25
leog I6l%i.
161
v;
2-47—..Feb V
134
25%
30%
25%
21:% Mar
'
Jan
,133% Jan
Feb &
122%
'
125
.
.14%'«-
liV*
-
.37
"f53 %
135
116% 116%;
40
42%
40
.
38% Mar
47
Feb
„
43% Mar
■
Jan
106%
21
^.___100
common
.
22% Feb
Jan
Jan!
,
.39% Mar,^
.
3,172
49
Niagara Wire Weaving——.—4——;
Al^oma
•
22%
49
Structural Steel pfd,—100
(Robert)
Preferred
vs
*■
8ale Price
Paf
Mitchell
Montreal
r
Week's
Sales
Banye b*. for Week
Last
Acme
21%
49
Molson's: Breweries.....:—f
Panda
Friday
—
46 %
120'%
120
—*
Lindsay (C W) common—
Montreal Stock Exchange
preferred
1,671
2,835
——3
Laura Secord
•
5%
42
44%
•
17 Va
33
188
'
McColl-Frontenac
•
39%
,
—....—*
Lang & Sons Ltd John A
Maseey-Harrls
Acadia and Atlantic
38%
.15% Feb
8% Feb
38% Feb
32% Jan
600
,.
17% Jan
Mar
.
13% Jan.,
7% Jan
r
140
37
120%
common—•
.——.—.<^—100
MacKinnon
?,
f
36Iil
.21
39%
•
15
200
•20t
Feb :
37% Jan;
2,626
37
*
Preferred
!
J———
Teuiisicaming Mining.
v
15'/s
Lake of the Woods Milling
Paper—.,
—
——
Ltd. com.——*
Jamaica Public :£erv
.
„
shop__'
&
15
33
—
'£■ Bangley.'s preferred—,:
Minnesota
Utilities Corp—
30Va Mar
3,457
20
100
15
(called-)
International
.
110
400
16 »/s
15
International Power common—.——.*
■
Hayes - Steel;
International Piper common
Preferred
;
1,
41 >/t
15
8
—.100
———
—
12 Va Feb
m 33% Mar
112% Jan
45%. Feb
40%
international Petroleum Co Ltd———* >
•
common
9V4 Mar
1,100
3,146
15
com—•
International Paper common.,..
100
y
Textiles
Mar
110
.17% Feb
2,332
; .*•
Dominion1 Bridge
9% Jan
.
Mar
41.
—•
i-...
25
Preferred
;
Mar
14
15%
International Bronze common*.
*
55% Mar
8% Mar
•
Mar
108
Jan.
110
33%
Industrial Acceptance Corp com.—.,.*
•
Consolidated Press class
;
.
.
1,605
9%;10%:
£1
i.—
:
-
3
15%
30%
111.30
Mining——.——*
—.*
Imperial Tobacco of Canada common_5
Westinghouse i
•——* •>
k!'; ::i •■ £> *'
'Jly-1 lV' I\,fc *f
'x'f* -S
Copper,,.—....
:
A
55
-
130
111.25 111.50
31.
.
Imperial Oil Ltd
10
fl.jj"?
111•
Feb
20% Feb'
Jan
90
110
14
9%
-
100
Hudson Bay
106
9'/4
110
-
lV/t
•
commoxu—.-.*
,;.V Preferred.
.Canadian
.Coast
Bridge
Howard Smith Paper
18
Jan
Mar
55%
110
100
.
Marconi
/ ~t.
—
—
Gypsum, Lime & Alabastlne—..*
Dominion Sugar—-
Canadian
,
1
Jan
35
.
19% Mar
111'
Feb
Jan.
645
110% llO'/V
18
,19
'
55%
9Mi
-
.55
107% 107%
—i.———.100'
preferred
...-:
110%
110
General Steel Wares common-^---^—>*
.
Jan
23
35
56
170
preferred
5Va% preferred
1
High
Low
35
21
66 Vz
CO common^4-i—.
Co mmmon
1
6
Preferred ————————100
————————.—100
89
Silk Mills.*— —
Mills.,
.
„
^———* s
;
—
^
.
Range Since January 1
62
—___100
100
...
Shares
30 y4
„
Pulp & Paper com—*
com—•
Preferred
V" ':v..
High
20%
„
•
—
British Columbia
Low
•
—;
—
5%
'c
far Weak
•
of Prices
Par
;Indian:
Sales
Week's
■
*
100
.l.—l.100
Power common——..
Gatlneau
Friday
18
20% Feb
35
Jan
.28
Mar ,
;-15 v'Mar v .-•-v; 16 *" Mart::
34 '
Feb "
28% Jan
125
28
15%
Canada—.—
of
Co
Feb
16% Mar
430
17%
28
English Electrio class A——Famous Players * C&had Corp hewl...
Exchange-Owl Section
24% Feb
,
^li2%{ Jtm^v
95% Feb
16% Feb
Jan
90
13
Corporation
32% Feb
Jan
109%
95'/a
Feb.
24
Feb
23% Feb
23%
Dryden Paper .;—
Electrolux
Mar
16% Feb
,.21% Jan
24
94
Mar
190
173
110.45 110.50
*
Dominion Textile common
37% Feb
31% Jan
175
23%/24%
Dominion Tar & Chemical common...*
Voting trust certificates,—.
—
>4 i:.Pref errtd":^£*i^;.i--—-L^lOO; •
♦
12% Mar
23
22%
22%
Ltd..^.^.^—*
11 Va Jan
33%, Jan
_
Jan
5,571
13%
12%
15% Jan
10
182
13
31 %
Jan
45%
40
:
190
182
182
40
■■::;135':
33
190
100
100
25
—
Dominion Stores
C.f /
42
Jan
preferred,—.^....25
Coal
Dairies
Preferred. .1.^
Feb
19
i.'1—
-
1,360
Mar
13% Mar
240 V- 40Va Jan
Preferred
■
757
14%
16
J14
13%
39c
37 % Mar
41%
Feb
31%
Jan
40%
.
Mar *-"
44"
.50Ve Feb
Feb
Feb
13%
13%
Dominion
:
u\92
40
Dominion
Jan
18c
715
*-
Jan
14% Mar
1.240
235
Dominion Bridge
Mar
6.55
355
16
15%
94
Feb
91% Feb
••
29'/a Jan
31%
100
31
15%
Dominion Steel & Coal class B
37%
Jan
96
26
:
,
■.37%;;
48
•
*
125
.
Jan
32c
34,700
28,400
'•-\.'
Bonds—*
49
Distillers Seagrams common
99% Feb
43c
25
14%
17%
Jan
4.530
—*
'
Jan
Feb
,
-
49
,
18%* Feb
Jan
class A—-——*
Davis Leather Co Ltd
r:
Jan
26c
24
15
.
Feb
30c
94 Va
5.85
25c
•
41%
Feb
30
108%
1.425
24
; 18o
21 %c
.
!
Mar
425
42%c 53%c
46C
•
Girl
Mar
27
13,700
10
125 r
78
43
,.
f
.
Ma r. ;
Jan
16
85
Consumers Glass
Cork & Seal Co
is Vi
15%
Feb
v: .17% Jan
24% Feb
Jan
43
Jan
39 Vi
19% Mar
8.099
82
-5-
& Smelting
15%
680
19% H 22 V» r
—.
Jan
5.10
.
5.15
—1
Mines
Yankee
Vmir
Kf':
*
—
„
Cockshutt Plow
Consolidated Mining
155
13 y8
99'
39c
20%
.
Jan
Mar
104% Jan
Jan
Jan
18y4
Mai*
33
3,040
-.16%
16-
175
95
14 y4
31c
125
.—5
Hargreaves Mines
Mar
60c
53
22'
Feb
Feb
13%
37
33%
—
...
Railway..-,.—.25
Jan
44,600
/
16%
Oils
Canadian
Canadian Pacific
145
1,915
23c
98%
33c
preferred
Combing
Wright
Feb
30 '•> •Jan
•T
•
Canadian Locomotive
1.69 Jan
Mar
-Jan
V:: '\.. Y-vi'-ft-
Jan
45c
Mar
193'15%
•
Jan
Feb
45% Mar
17%
*
Alcohol common
49
Jan-
Crown
13%
1
Mines
;.
23
;30
28% Jan
45%
Investment
Foreien
5
107 107%
.100
—
Gold
Winora
Canadian Ind
f
•:
:,;
Jan
23
,
67% Feb
43 - Mar
,
40% Jan.
:
25
preferred,.
Cottons
Jan
23
i-i
,c
;
1: 20% Feb
59% Jan
6
23
Feb
Feb
Feb
27%
16%.Mar
3,321
64
60c
51%
.
65
'
i"; Preferred
Canadian
Canadian
5
30c
100
43
23
Mar
Mar
20V4 Mar
43,493
-
17%
60%
60%
15c
41
9,588
49
-v,
16%
Rights
Feb
V129
25.
115
•
190
19c
•
41c
14,100
175 4
27%
rk
Wutsey-Uoghlan Mines
Winnipeg Electric common
•
30c
"'■49
W&M
Feb
Feb
/
15o
%
v;
631
.
22%"
16%
—•
*
40c
-
20C
■:'49 •'•'./•
14% Feb
18%.Jan22% Jan
47% Jan;. 52
Feb
1,241
•
"High
'
Jan
Mar
Mar
;
Canadian Celanese common—
67c
1.15 Mar
*
', : Preferred
Jan; '
16%
•
Feb
21
/
3.98
-
87c
-
&
■
common
Canadian Car & Foundry common.
Feb
-
-
Feb-.--
4.25
Bronze
20%
20%
.-i.—•
■■
Canadian
%f
;51%/.
Jan
13%
-f.
Feb
Mar
109
2,600
:'36c
27 %.
190
.100
_
450
it
-
595
34,150
-
160
160
Ws
•
common,,
_
:
.100
—
Ltd
Westons
.
25c :.
45c
•
Preferred
; u
35c
:
59c
9
14%c
-
13% Mar
46c
32c
:
14%
if'
5,000
27%
common
Jan
8,831-:
1.25
■i.
1:
Grocers
Jan
112 119% v
Products
Western
8%
2.55
9,900
—1
—
Malartic.
Westeel
10,115
25,590
•'">
Feb
>
4.40
W
23
.
1
-
Jan
9c
■
■
40c
114%
_
Mines
f.aice Gold
6
205
:t
2.90
46C.
—
4.45
*•
•
Preferred
'West*
—
—• :
—
com—
"
Feb
Feb
35c
13%
•/N.—£
-
1
Oils
29
50
25c
;)• /y;
1
: Aa,vc-A(fiuiet
Wasa
14
1
Ltd
Mines
Gold
Jan
Jan
2,100
11% /
2.55
24'
51
"
Canadian Breweries common..—
20
19%
19%
51
—50
.preferred.
Low
9% Mar
1,110
.:>■•
11
•
1
Bange Since January
Shares
High
9%
Jan
40%
■■■—1,125 ••■'
6% ■:
9%
:
2.65
—
Mines
Vulcan
:
48 $
10%
9
rlO%
:
1
::
6%
.
10 %
*
Ltd.
Ventures,
.
—
Upper Canada Mines Ltd—
"Villbona
:
46%
C
6%
•
24%
v
47
:
—25
B
United
,
—50
"A"
Fuel class
United
•
Low
'
.
for Week
of Prices
10
Steamship common—
Canada
-
■
r:Class
■
•
Feb
Jan£
45c
v
Power
Northern
20%
12
Jan
-9% Mar
3,845
33c :
27c
•
Corp class A
15%
10%
1.80 Jan
1.21 Mar
33,230
16%
;V9%
City Rapid Transit common.
Twin
1;
>'
»v
Sales-
•••
-
Bange
;
Sale Price
STOCKS—
Bange Since January 1
•
•
Week's
Friday
r
>
r
; ; ;v>
-•
-44\:. STOCKS— im-im
"
■.
.
..
i<"••.'«/• '• ^"/•''j. V V>
'.vI'•
13
FOB WEEK ENDING MABCH
RANGE
-
18,1946
Monday, March
FINANCIAL CHRONICLE
THE COMMERCIAL &
9% Mar
36% Jan
.
V )
yolume 163
Number
^
THE COMMERCIAL & FINANCIAL CHRONICLE?
"
CANADIAN
^
STOCKS—
Lawrence Flour Mills
fit
com¬
Paper preferred
Shawlnigan Water & Power
Sherwfn Williams of Can
1.
preferred
Sicks'
&
Southern
Canada
160
160
46
High
-
214
94
Jan
common
156
7' Jan 7
37%
100
31
*..50
i|
i
160
Great
Y
Mar
Halifax
184
525
•',144 Jan
114
7.145
--104 Mar
16
Mar
Lowney Co
28,158
1.75
Feb
85
359
79
Jan
86
i
10
"•
75
84
Jan
874 Mar
,"■?:.
18%-
164
S1/*
2,680
Jan
20
15
100
Feb
Paper & Power
(Alfred)
—100
—
—
Preferred
100% 100%
——
—•;
(Geo)
%
common*—.
275
80
744 Jan
1174
210
22%
75-
22%
.29%
30
,
109
7
80
Ltd
•
Zellers Ltd
Jan
^b
preferred
preferred
99
;
Oil
1084 Mar
Distilleries
Preferred
64
pfd
99
146
100;
37 Y -
Ltd
284
:
284
Feb
-
Ontario
Paper Co
'YY
"
165
465
19%
234
N.
C.
2nd
part
18%
50
STOCKS—
50
1% 'preferred
Thrift Stores Ltd
United
35
.100
—,100
Sales
;
6%
97
Distillers
,
v
Feb
174
"35
*
Jan
j
J
Columbia
Packers
Ltd
5
1'
'
>-
V."
Canada Malting Co Ltd
514
66
1
—
'
26
<
Y
55
v 1
—*
62
54
104
12
12
12
4
44
Canadian Pow & Pap Inv Ltd com—*
<2%
,
24
prefemd'w^.......——1——13
•
..*
13
144
preferred —L—————100
^—-———.——100
115
"
144
7115' 116
.
2.95
Canadian Westinghouse Co Ltd—*
Ltd——•
•
Food
Catelli Food Products Ltd
Chateau-Gai Wines
70
485
com
com-
59
»*'
59.
16
497
Adv
com
common
7
•
60
•
Aircraft
90c
^
750
Feb
••'LV.I -
Jan
^84 Feb
Dominion
Engineering
Works Ltd
Dominion
Malting
Ltd—
Co
Square
25
Quebec
Feb
■UO 25 * Mar
45
-
'7
224
48
xJ05l?.r5rv
-
'.vol
22% Y
Paper
—
Co Ltd
40
404
23
23
-•
154
164
*
Eastern Steel Products Ltd new com—*
Aircraft
Ltd
5
Federal Grain Co class A
*
-.-
-■
Motor Co of Canada
Foreign Power Seo 64
class A_
red
Companies
pfd
*
144
164
UV*
11%
4
4'A
-
„,,
74
7%
64
1.775
27%
294
7 621
100
15
15j/8
507
•
-
534
58
4.711
Tellowknife
Gold
Stadacona
Y;
9.400
13c
Mar
500
8c
Mar
500
10c
Mar
8c
Feb
.
j
*.
10c
33c
Jan
35c
604
Y 49c
5
;
Jan
Mar
3.6O
3.60
10O
3.55
4.05
18.300
1.03
1.09
6.300
22c
1.500
20c
1.06
1.15
1.600
14.150
16
17
" 70c
80c
117.450
30c
30c
3,000
1,10
1.42
76.050
2.000
1.05
'2.6s ; Jan
35c
83c
Mar
;
.
15% Jan
Y
Feb
63c
Jan
19% Feb
6c. Feb.,
:
61c
30c
,
9c
Jan
1.10
Mar
1.05,jap
2.06
200
22
100
8o
..
.
608
34o
Jan
'; I
,2.24
:
Feb
'!!
1.22
Jan
■f
2.82
Jan
25C
Mar.
Mar
7 5.900
:
I!
8,
Mar
8
28c
,
Feb
43C
Jan;
:
1
1.05 Mar
1.41
Feb
■!
-
7.50
Jan
7
v
3.20 Mar
II
17.300-'
3
Mar
2.95
2.95:
41c
4,100
Mar
41c
234c
26c
13,300
234c Mar
31c
Jan
2.70 *2.95
4.665
2.70 Mar
3.85
Jan
34c
46c
Feb
.
24c
•
Feb
35c
,
(1
1)
'
Feb
40c
*
■
722c Mar
22.600
Y77:
4.45.
Jan
'
)
2.34
8c
1.10
Mar.
',,-D
28c-
■■
Mar'
Mar
480
1.650
.
'Jan
0*,5^6; Mar ..
60c
870
7c
'
Jan
Jan
'-7:1.00 Jan
1.45
;■
Feb
,-'>Y7-- j0YV77
49c
.
'496
:Jan"
Mai4'
22c
2.800
2.000
Mar
135,. Jan
1.45
25p. Mar,-
31.700
Fsb
36c
1.05 Jan
80c
Jan
Feb
5
■v
Feb
28c
Jan
c Mar
3.60
2.73 Mar
3,000 Y
48c
2.34
J an
43c"
3.55 Jan
49.275Y'
62c
8o
,
Mar
72c
1.03 Mar
,'/>J b
Mar
15c
13c
Mar
54c
c
Jan
10c
730c Mar
10.600
5.075
30c
7
30c
18c
'■i
v3'
10,600
22
7
'■
y*
60c
:
Feb
7-7. 57c 'Feb
■'
Feb
41c
,
Feb
34c
2.30 Feb
200
32o
Mar
7,
34c
244c
-X
2,600
6.45
50
23c
r
35c
6.45
__
^
.vl.
—
^
28o
10,100
Mar
6.25
23c
Feb
7.30
vi
■
■
77 37c,
29c
29c
33c
12.000
24c
Feb
40c
15c
25c
■
'•
-i
n
:)
Jan
-1
Mar,
14c
r17c
8.50O
14c
Mar
7 77 23c
25c
27c
8.50Q
25c
Mar
Jan
.
•
Y 38c
Y|
Jan
•
Jan Y
1
Jan
Lt<L7———1
1.85
........——1
950
:
Mines
Ltd
Mines
Ltd-
1 /
«
Mines
1.80
1944 Ltd
;Y"
95c
.
sY,
•
2.10"
23o,'
•.
1.05
1.00
y
£
12.275
>
95c
3.65 Jan
Feb
4,300
65c
Jan
Mar
')
.
1.67 Jan
^
1.09
80c ^ 90c
22c
25c
4.
7.300
'■YYT.45
Jan
•1
Jan
1.15
7
:
14,500
22c
25c
28.207
1.00 Mar
1.49
Jan
42c
Jan
3.50
Feb
;
)v
Mar
1.15
Standard Gold Mines—I————1
7/
Sullivan Cons Mines Ltd
1 Y
Feb
Villbona Gold Mines
X
Feb
Westville
Jioi
WUtsey-Coghlan, Mines Ltd—.——X,
54
Jan
77.
27% Mar
Jan
J
Yiv:: S3 :„YJaa
Jan
174
60
-
24c
20.600
20c
3.05
12.250
2.70 Mar
"
7 29c
35c
36c
3.000
,25c
Feb
42c
Jan
28c
32c
23.500
28c
Mar
20o
1,000
20c
Mar
•7 32c
77 28c
Mar
20c
75
1.23
Y 1.35
Jan
—
—
7 oil Stocks
77:7'7y
Anglo-Canadiaif Oil 66 Ltd—*———
1.30
Oil Co Ltd
7
Feb
324
Feb
Homestead Oil & Gas Ltd—
Mar
h
•r
Yu':
1.30
Home
•
15
20c
2.70
Mar
Jan
Jin
7
8
23o
2.75
Fe'0
Royalite Oil Co Ltd
'
>4.
1466.
18c
16.400
—
Ltd——X"
Soma
Jan/
.
.
•••'"'•'.a
page
21c
7Y
'
7' i
.
.'7 7' '•'%*"*
see
4.500
54c
Cl
Cadallic Gold Mines Ltd—:_X
Sladen-Malartic
Y
For footnotes
39c
%
Mar
1.50
Feb
38c
;<-YY.;Yv7£:':V.£V;^
Jan
«
19 Ye Jan
Y
264
Y7-v'.:--v-«3.duT'
13%'Je.n IjU. .;'17%
ir.
765Feb u4a;».'184
2.783 Y;Y 15
14%
Y; 300 :YY 114 Mar
1.150
4 •; ■ Mar r- 7 54
.100 77 Y 6.7. Jan 777: 94
75%
Ltd.
Y 2.300
22c
221.140
1.10
*«*"
X,
SherrittiGordon: Mines
'
Aircraft
456
1.25 Jan
Feb
74c
'••Y.
•
214'Feb Jtiy J 244 Feb
38% Jan .b'v>T41''Y Jam
•
Dominion Woollens
25c
76c
*
Rochette Gold Minesl——X
MiWs Feb
247 ; Jan
25
*
Corp
9.000
7c
Red Crest Gold Mines Ltd—.—-.
.
1.50 Jan
15% Mar
.
•
20
28c
Feb
49c
v
500
60c
73c.
..77;.; 7:77.7 .7.Y7; Y;'Y;
Y^YY'"
l«% Mar
1.85' Jan
*
Oilcloth & Linoleum Co. Ltd
Mar
Yl.25
'
.
Mar
--Mar
10
-•
Limitee class A
87c
Jan
61c
'■?- 3.300
Mines-Ltd—YY-^X?:VV 4-00 Y, 3.60
Pato Cons Gold Dredging
Pitt Gold Mines-——
Slscoe
& Frere,
33c
7.500
'
64c
lie
—
Gold Mines Ltd————X
Pandora
Feb
64 Jan
%
1
'«
85c
* Y
Corp Ltd
; >
Feb
r«.i
Mar
.20
.
Feb
5
>-7
——2.50
Consolidated Paper Corp Ltd
Jan
40c t Mar
5 '
—
Mar
8
Consolidated Div Seo class A———*
Preferred
•'•7 26c Mar
ll%c Jan
Jan
56c
100
Ltd————X
•
Mar
7 7c
'
.'7
4472 Mar
'
QIBrien
100
:
—::—
—
24c
1.500 Y
10.800
30o
7:V.;.
Feb
■6,000
444c 574c
30c
40c
25c
-
Norseman Mines
'
Alcohols Ltd
T
25c
Mines
Jan
Y 12%
65c
1.60
Shore
29 V2
Jan
Y
10c
1.06
■
4»>
Jan
7 39% Jan
20c
—I
I
Feb
Jan
8c
10c
—
-
12
17
25c
X
.
1
Y.,;-;,:-Y-Y":; ;v7'-YY'':Yjy- ;777 Y-.
27-
54c'
Negus Mines
—
————
New Louvre——————
——
1.115
128
j
^ '
22c
Macdonald
106
14
'
'
s
-24C'
i.45
YYvYY
23.425
128
.
—
-7
^
.
4 v
35c
1
*
Jan
16 4.: Feb
(174
38c
Lamaque Gold Mines Ltd——*
Lingside Gold Mines-——————X
Lingman Lake Gold Mines Ltd
—1
Ltd—-.7.7,—
General
Neon
'V
—-—100
—-——100
.-——
11
28
111
1.45
Lake
,100
3.20
25
sc
464c
.
Kirkland Lake Gold Mining ;co——-X
5
17
-'.Cassidy's Limited——
Cassidy's Limited——-i.-1
—1
preferred
2.80
175
28c
,
30c
27
44%
45c
7
Mar
Mar
Jan
1.007
s,;
Vi Jan
Mar
93c
H
."•1 !
..
12
121
26
16c
•
1
Gold—i—7.-—--7.-—*1
-
7;.' V.
710
25c
\1 ^ '«"*
25c
,
'
Jan
Jan
115
11,766 :
^8C
'
Canadian Western Lumber Co———2
Ltd
Mines——
IX:
Jan
8 *7Jan
1094 'Feb
.
735
-'/?
10c
-,
JoJiet-Quebec Mines Ltd———X •:
876
1%
154'
*
Ltd———
41
1064 Mar
41
*
93c
"
Mar
7.: 74 Mar
200
;
:30b
''\l
3.428
'24*
Ltd
J-M Consolidated Gold Mines Ltd—1
Jack Lake Mmes-.-—U——X
5
33
10
26
/77
—
3
Company,44
'*
Cadillac Gold Mines Ltd-.——-1.
Hollinger Consolidated Gold——1 : Y16%
44
104
—
162
64
17c
""i -.^T'
Y
b
Gold
Waite
Feb
14% Mar
21c
Heva
105
56
Jan
44c
__
1.05
Jack
64
:
210
Jan
IX
24c
28c
.
Goldora Mines Ltd—————1
170
Mar
,746
100
144
61cJY
1
-Y/7
/a
:
>. Goldvue Mines
70
V
174
..Jan
112
20
35o:f' 40c
■
3.65
'■!,vAV;7VK;7}V Y. 7:"7- ■>" 7,
712
Jan
56c
Y
•
—
;
Mines——————1
Gbldbeam
Feb
Jan
812
Found Lake
lOo
205
Sullivan
Mines
8
110
110
1.25
Cariier-Malartic Gold Mines Ltd—X
Malartic
f
62
FormaqUe Gold Mines Ltd———1»
120
134
,
<■.
1
Corp
'
,
Fontana Mines-(1945) Ltd—
2,030
17
Ltd
s
\
-
Feb
Jan
Jan
114 Jan
14
74c
58c "
:
1
Gold Mines
Malartic
795
26
.
Canadian
'*
A
8c
.
1
*
•' ' f-'-f
'
7
4
.
l j•;''7':^^'t;• ;i:v
'
10
Y.;vi VYr ,Yv "VV V
"5% preferred
—
—100
Canadian Light As Power Co———100
common.;
common
"
22%
174
-•
•
Ltd
V
26
Canada Zngersol Rahd Co———_
Vickers
898
;
111
134
■
Canadian Marconi
92
214
"
Gold
*>/■;
|
764
16%
704
•
X-;y7a-'-vv7--^.7*
v,lt
'74
v'
7 :7V7^ 7
r,'\ ^
Ltd———I
& Diamond" M
-t.
Jan
■>
190
27
Mines—
Eldona Gold Mines Ltd————1
5.921
107
55
21'4
^
Elderidge
25
■
Y
'
\
110
m
—*
Yhv
'i
Yo'Y
Canadian General Investments Ltd—•
Canadian Int'l Inv Trust Ltd—.
V.
254
—•
Canadian Industries Ltd class B
'
.107
Products——,
Food
6%
90
'
7
13?
t.
124 Y12 4
Elder, Gold-Mines————*.
85
175
64
-•
,
'
East
1.094
51
'
<
.>
Mar
41:
16 4
444
Centremaque Gold Mines———1
'Century Mining Corp Ltd—
—1
Cournor
Mining————,—5
60
2614
l
,
Mar
M ,185
:
Brazil Gold
VV
v(
)
10
250
27c
26.
Gold Mines—-——,-1
East'
175
Canadian Car & Fdry class A—
20
.Canadian Dredge & Dock <7o Ltd——.*
Jan
126
~
62
6
pfd—100
177
1004 Jan 7
25
19
46
Calgary Power Co Ltd 6ft pfd..;
10QY r
^
Canada As Dominion Sugar—-.——*~;v. 254.
Canada North Power Ltd 7%
14
X3% Y
254
92
:;:
Jan
••
^
1 :.
.
.
46
Preferred —-——.-——loo
93
i
*Jan
9
Feb
-
12
144
—-*
Central Cadillac Gold Mines
19
134
25 4
•
High
•
255
'(V
Preferred1—w—-^-i«——-.—100^.:
Company common
54
14
__
comr—*
±
,
6% Mar
185
.
134
Low
„
7,635
185
'•?/""">■ -■■■..VV I'jVVV
British Columbia P & P Ltd
•
734
942
30
,
British American Oil Co Ltd..——*
High
23 Ve
I
120
164
1
Bonville Gold; Mines Ltd
Bouscadillac Gold Mines
Range Since January 1
Feb
.
<^7'V
——'-*
Lake
18
35
26c
*
-
,t
Red
f
i
7Y;:. 55
'
—:
:
Jan
Jan
74'
120
7
I
;
114
"
120
26c
Jan
1064
Jan
2.315
v
13
74
Jan
8
18
534
12
common—.
Gold Mines
1044
;
bfr-.-b 7
Mining Stocks '
r
Beaucourt
Shares
984
5%
Van Ltd—.5
of
\'ti V.VW" .V;
Fraser
Jan
Feb
Feb
110
34%
Amuse
Beatrice
95
,
vw-
—
Brewers ds
Ford
Jan
44
144
641
1064 106Va
Corp1 Ltd class •A—-*-,
United Distillers of Canada Ltd——
for Week
Low
7
Bathurst Power & Paper class B—*
Belgium Glove &. Hosiery com-—.
&% preferred————
Fleet
Jan
Jan
25
7
.:VY&,
13
1064
Aumague
of Prices
'
Palrchild
Jan
15
154
•;Y;
134
13
Woods Manufacturing Co
Range
Par
cumulative preferred
Donnacona
34
60
,
74
534
—10"
Y
$17,000
Week's
Sale Price
Abltlbi Power k Paper common——•
Dominion
12%
Feb
'28%
185
'
10
13
Westeel Products Corp, Ltd——*
Windsor Hotel Ltd————.*
Last
Dom
84 Jan
13'
130
i94
734
—50
—
pfd_—_100
Southmount Invest. Co. .Ltd.-
26% Y
2,275
35 $ 354:
.44 .757;
895
.24 Y* 25
Friday
David
Jan
Mar
955
9
16%
110
Southern Canada Power 6%
763
Canadian Funds
Cub
15
70
Feb
495
'•
106
16
Y7:—4Y
Athona Mines (1937) Ltd-,v—7—^**1
Aubella Mines Limited
—1
Preferred
384
154
29%
106
734
i
Astoria Quebec Mines Ltd
7 Preferred
350
10
******'^ I'b.
Alta
Commercial
14% Feb
60
■t
2.475
8
Arno Mines Ltd
Claude
11
i__*
co
■"
.
,
144
;
Quebec Pulp & Paper 74 red pfd—100
Quebec Tel & Power Corp class A
*
Reliance Grain Co Ltd pfd-———*'
BONDS—
.T'/c
.7>
471
16:
% 194
—5
pfd—
Rurity Plour Mills Co Ltd——
,'7
:
:50
70
8arnia Bridge Co, Ltd
Montreal Power notes.
,
14%
Rower Corp of Can. 6 4 1st pfd—100
25
Canadian
534 Mar
294
7^:77
-
Jan
9
Corporation Ltd
Mount Royal Hotel Co Ltd.
100
194
Royal
7 77ft
74
52 4
•
common.
;
&
Moore
200
23
.
Scotia
5%
100
'•
—
-
Jan
7
I
534
144
:
v
100
Montreal Refrig & Storage Ltd
Jan V
17%
284
Montreal
Canadian
Jan
'
8
16%' Jan
v.:
Banks
'YV,;.'.
64 Mar
60
Feb
254 Feb
.
1,761
28
Canadienne
Brown
Feb
19%
Jan
104
38
15
.100
•
Melchers
Minnesota
Feb
30
35
————
British
324
16%
^ Jan
405
i
■
Nuclear Enterprises
J—
•
Feb
25% Mar
6
13%
14
♦
-
23
575
7147:':
13
common———.
5%
6%
33
Vi-i
-
224 Jan
45
25
25
—
6%
<;
Mar
104
Y
•
McColl-Frontenac
Mar
1274
7
Feb
435
108
107
,
Wilsils .'Ltd
Winnipeg Electric common.
Y; Preferred ——_——
-
7
26
200
Y
64
65
1
Massey-Harris Co Ltd 5% ptd.
'
'Preferred
7
Jan
;
110
114.
•
Inc
7
1004 Mar
Jan
Feb
164
-
Jv'-'7;'(7
Nova
28
Mar
14%"
pfd_50
conv
MacLaren Power & Paper Co
134
Mar
10
164
64
High
Mar
■
100
250
18%;
'
25
,
5
;
114
534
common. —*
9% ,11%*
common
25%
(
7.7. .'II
♦
Feb
87
79
Commerce
Co
264
264
.
'
St John
Lambert
55c
116
.
Insurance
Jan
r
84
3C
•
Weston
25%
-
'Journal Publishing Co. of Ottawa Ltd**
;
Lake
3c
26
*
—
International Paints (Can) Ltd A——*
Jan
7 ' 300
Walker Gooderham & Worts com—*
,
common-
v7
•
100
"
Preferred
£
Paper
VTC
Low
26
100
,
Mar
20
Steel Corp
Wabasso Cotton
•
Lakes
Common
Range Since Jannorv 1
High
Y;Y 25
7
Hydro-Electric Securities Corp
7,
Jan
—77--*
Realty Corn—
Goodyear Tire & Rubber
C
Feb
32
87
Viau Biscuit
Shares
Low
Godfrey
?
264 Mar
Jan
Mar
7.7';:6:
Q
Jan
;
;. 28
415%
10%'
Preferred
for Week
of Prices
77
7 39
Feb
83
.
6.756
31
'?'•••
.Rights
.:
Steel Co of Canada
Y
;
15
."V'-v'
common
United
Low
19
Power
Sales
Range
Sale Price
STOCKS—
Investment Foundation 64
Standard Chemicals
■
46
31
common.
-'77 \,i
,
914. '1.256
28
8outham Press Co—V.C.VV^..-v •••' ,;77 i Vv.*.-'..
7
7 364 Jan 7-
145
26 4
common.
Sons
Week's
Last
Y
Range Since January 1
Y
,
;77'v
28
•
716O
(H.)
39
24
•
■
Breweries
Simon
High
85
common
15
Friday
Shares
'39
Lawrence
WEEK ENDING MARCH
for Week
LOW
St
LISTED MARKETS
FOR
-
Range
of Prices
Sale Price
RANGE
Sales
Week's
Friday
'Last 7.-
-
7
1
—*
•
20
1.30
3.10
,
3.15
tT**
1 lc
20
Y
20
200
11.500
m
Feb
2.40
7c
20
Feb
.7
4.40 Jan
Mar
■
10c
Jan
Mar
25%
Jan
r\
Monday, March 18, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
OVER-THE-COUNTER MARKETS
'
Quotations
15
March
Friday,
for
For Quotations on Real Estate
Bonds
Shaskan & Co.
Specialists
ill
OVER-THE-COUNTER SECURITIES
Members,flfey> ^York v5tocfc
&$ember,p Nejp York Curp Exchange
Firm Trading
*
.
40TExchaitg« Place, New York 5, N. Y.
ISSUES
ACTIVE
250
*
Broadway, New York
J 20
1-1237 & 1-1288
Tele. NY
Dealers Association
>■ Member* New. York Security
1928
CHICAGO
Wires to
Direct
—
2-8700
HEctor
Phones
Established
Teletype NY 1-953
Bell
DIgby 4-4850
'Tel:
PHILADELPHIA
Reorganization Bails
s :
"
aaand if issued)
Bl£
V: / ..-Bonds—
VChfb .Indianapolis
Investing Companies
ll;!§;>
Mutual Fund*-—
10.25
.11.24
Scries
B-4
€.55
1
1%
American Business Shares
1
American Foreign Investing. 10a
Assoc'ted Standard Oil shares—
Axe-Houghton -Fund Inc
—1
Axe Houghton Fund B
Aeronautical Secuxltlei
7.17
Series
K-l
Affiliated Fund Inc
Bond
Inv
Inc—1
Securities
Christiana
Preferred
•
,8.67
S-4
Fund
Sayles Second Fund—10
54.78
■
Manhattan Bphd Fimd
::
-5.15
Mass
34.91
37.54
inc—*
9.51
21.96
1.90
Dividend Shares.
—1
26.77
16»80
17.96
—
16.37
7.57
8.32
-7.02
9.36
Inc. ■>,
First Mutual Trust Fund..—0
Fundamental Investors Inc
2
Fundamental Trust shares A..2
2.63
.8.91
8.04
33.06
New
7.30
46.96
General Capital Corp—
■.V-'
General Investors Trust.
.Agriculture
Automobile
■
6.58
6.25,.
7.93
0.99
>
7.80
15.63
15.77
17.32
11.02
12.11
12.06
13.25
12.46
13.69
Insurance stock
Machinery —
4
6.96
9.75
9.62
11.25
Railroad equipment
6.81
6.46
680
.Trading——.
Putnam (Geo) Fund,
1
Republic Invest Fund
1
Scudder, Stevens & Clark >/•
4.30
5.87
7.15
shares—
Steel shares
;
•.
<5.04
-I
!'r
Foundation Fung inc >■
Common
10c
••
>
i
'•
'
\
t
.
'
.
?
•
r-
Trusteed Industry
1.89
32.35
Union
1
■
Securities Ltd—
Institutional
8.72
11.22
9.74
37
.10
27%
66
6%
2
Amsterdam Casualty
New Brunswick—
New
Fire——'
30%
4 51%
14
——B
;
North, River———————3f$0
I
.25%
8V4
B
;
Northeastern
I Northern,--.-^ -^.—-^--^12^0;
,
>
33%
—.10
Hampshire Fire
York
200
20
-i2
10
Fire
92.
106 '
Fire———————,28 ■ 102%
63%
<60%
-10
,98
'•''94'"
Phoenix ———1
—10
13%. ,.as
Preferred Accident
—5
Pacific
Pacific Indemnity Co—
»
40%
67%
58
42%
.71%.
61
-
19.09
General Relnsurance-Corp
-5.16
(Gibraltar Fire & MarineGlens Falls Fire
—
; PrDVldence-Wasblngtpn
hi9
112.72
15.59
7.51
16.66
35.64
16.42
16.80
16%
1.05
f
17%
,
—4^10*
37%
19%
57-^
21%
V
59%
'
com—15
38%
preferred
-15
Great American————-8
Hanover
——10
Hartford Fire——
——10
Vl2%
10%
97
•34%
v
41%
101
:
36%
x30%
—10
81
|
.39%
•132%
*
36%
39%
,
.
f
V
635
48%
1
.62%
90
,
.59%
i
,50%
620
87
i
?
42%
39%
Westchester Fire———2.50
}
-
I 57%
128
10
U S Guarantee——
"129 %
.26%
•37%
-Travelers V——4—-—.44.-^.100:
U 8 Fidelity & Guaranty Co—2
U S Fire
—:
4
>i
|.4(2% I;
78
54.%
-
32%
125 >
—
30%
24%
Marine—12%
-——10
Security New Haven
10
Springfield Fire & Marine
25
Standard Accident
——...10
i
1
...7
-8
;—10
Fire
(Paul)
Revere
<
7
(NY)——2
Seaboard Surety
'40%
.
Reinsurance dorp
Republic
(Texas)
l
,
I 43%
41
St Paul Fire &
26%
24%
2nd
81.50
1.15
24.88
-
Globe & Rutgers Fire
94c
58.50
series A——
Fire
.113%
r
"
25.66
23.87
10.47
9.58
Fund B__.
Stock Fund
10.52
11.50
25.71
2*. 11
Fund———1
20,29
22.13
18.26
32.80
-
66
Republic—-4—-i—0
Globe &
8.22
85c
Union Preferred
1.32
Stock and Bond Group shares.
170
;
83
109%
10
0
14.30
C——————— '
Series
I
18.47
Union Common Stock
20.91
shares—
Bank Group shares
Insurance Group shares
Md—20
i..
10
Fidelity & Deposit of
Firie Assn of Pblla—
5
10
110.48
Shares—--250'
Bond Fund
171
(Fireman's Fd of San Fran—T10
Firemen's of Newark..-———5
Franklin
21.84
1.84
30.09
0
National Union
.61%
59
Employees brdup—L—1——*
Employers Reinsurance
10
Federal
_10
4.70
2%.
1
Standard Utilities
10c
State Street Investment Corp—4
Income
Incorporated Investors
'
17.%3
*
Selected Amer Shares
7.51
6.83
shares
76
*
7
,';5%
National Liberty
-New
31%
.10
National Flre.
23%
73.
ICrt^n & Forster jpc--———-10
18
Sovereign Investors
5.55
.
.Inc———•
Fund,
6.53
5.93
-
shares
(Detroit).
Casualty
National
.25%
21%
;—5
Continental Casualty
t
-
18%
98%
..4
Fire
Monarch
-
&
Petroleum
7.49
3.90
RR
shares
Camden Fire-————-L—0,
York!—
—10
^Connecticut General Life——10
12.31
-f6.82
Railroad Bond shares
Equipment shares
2——
10.38
11.21
-
Mining shares—
24
-City of New
12.96
10.21
—.
Railroad
11.76
:
6.20
Merchandise shares
v
17%
109%
■;-42;V:V
•
10,71
-•••v9A5
Low Price Shares
9.22
7.93
2—
-
:
17.69
VB.86
Metjals
.v~
14;
New
10.14
11JB0
10.04
10.72
Institutional bond shares
Investing
16.11
Merchandising
10.57
9.i4
4
'
Utility
14.23
Electrical equipment
13.87
8.87
Administered shares—
General bond shares..*.
Industrial Machinery shares—
Tobacco
11.80
Diversified Speculative
10.97
6.33
—
Fully
stock
10.74
13%
25%
12%
20
Massacnusetts Bonding.
16.09
Diversified Investment Fund—
11.77
■.
"V-^7,10 •
12.64 a
Chemical shares..
Railroad
11.10
14.65
12
23%
Casualty
5
Equitable
0
Fidelity & Casualty_6
48
'32%
39%
Maryland Casualty——I
12%
Merchant Fire Assur
-5
Merch & Mfrs Fire N Y——4 '
33%
31
;
12.66
10.10
V
Jersey Insurance of N
25%
'W*
4
.
18.69
11.52
—
Equipment
Business
'
Electrical Equipment
Petroleum
9.45
17.03
♦
10
Fire
i
Ask
•
45 4S
30%.
.15%
106 V
Insur Co of North Amerlca-.^IO
.'91%
American of Newark
15.54
8.59
'tm*——————————mi
Building supply
8.72
•
10.72
,
—
Food shares.....
•
14.15
.Homestead
55%
Yz
22%
,8% -21%
4 37 V<:
y, American Re-Insurance
10« 435
22%
.24%
.American Reserve
10
73 v ; 75':
American Surety
25
48
45
Automobile
—10
.N-.V-r.
•7> V^ -1 [j^r | ' •>
;?
V'4'' 7'
7%
6%
Baltimore American
——2 %
85
82 .
Bankers & Shippers
25
Boston
10
,75
T2%
8.17
17.96
'
;
■
-Fund..%l.-.rf.r.l
Bank -stock.—.
;
10.01
9.11
—-
■Building shares.
American
7.38
Chemical
,,4
Agricultural shares
Automobile shares
Aviation (6hares
5.99
5.40
Avlatlcm
it'-
Si
^
^
American
-New York Stocks Inc—
,r.
.Group Securities-?-,
fngland
American
5.33
36.23
6.37
Automobile
Bli
VlfiVPafv
Xnspect..lQ
58%
56
88'
Alliance—.——10
American
10.80
17.06
-.——-
53
20
—
American
4.81
Speculativeserles
Stock Aeries
6.75
9.78
Preferred stock aeries.*..
29.73
2.40
8.98
6.02
Selected aeries :
27.60
•
Fidelity Fund Inc
Financial Industrial Fund,
10.40
8.17
Life
Agricultural
Aetna
;
Hartford Bteamboller
95%
92
-——10
10
Aetna
,
V 6.35
10
Aetna Casual & Surety
yiv",'
series—_—.....
Ask
Blk
13.17
12.18
Income
:
»
17.92
15.25
series
,•<" Industrial stock series
Low priced bond series
•(>: Low priced stock common
4
28.62
1
Balanced
Bond
-
——.—
17.08
16.40
I
National Investors Corp
23.74
..1;73
Preferred
32.01
15.88
National Security Series—„J.
1
.250
Delaware Fund————;—
•
V
10.45
29;77
Natlon-Wlde 6ecuritjj$$-~'Vv:•;;
Balanced shares
—
.
102%
1st SO-yeqr. jts—-———»
Income 75-y.ear. 4^ s—4--——
55.90
•
1
10
Investors 2d Fund
Mutual Invest, Fund Inc
15.13
3,000 ..
.153
1, :- 6.40
6.96
'
»1CC
1
-----
Investors Trust
Mass
13J98
100%
-----------
|j|t'- Luiiis^lBjin'^raocij^Q'
*•';
46.21
22,27 ' >24.40
7.84
•708
------
1#0
.fBt Louis &,§an Fr^nclscp-r
•f' ■'
Preferred
f;
102
123.20
Common
1
Commonwealth Invest——..
Stock
16.60
Sayles Mutual Fund—•
81
*83
—
•
Denver'W Rio' Grande
"S1
Rio
&
Pacific-
—
.^i-fier^d
106
^5
Grande—
iluoome 4%s i
—2018
1st 3-4s Income—
—1393
Denver
19.45
7.81
Loomis
corn- .100 2,900
*100
146
—
Howard—
Fund
Fund......
17.70 ;
15.10
Loomis
26.33
42.74
33.73
8-3.
Series
40.90
111.38
?
,
S-2
Knickerbocker
•
—
-B-lI.w-^.i.1.^.
2019
4%s
income
Conv
32.23
'30.70
^
24.05
29.31
Series
19.83
24.49
21.93
Series
-i
8%
.
.445
Fund Ltd...
Century Shares Trust
Fund—1
Mz
38.04
Inv
Chemical
Si:.. Series
18.44
0
0
1
Invest.Co Inc
Fund Ltd...
'
Canadian
12.53
K-2
Series
106.92
Broad Street
Eaton &
:
5.44
12.51
of America
Tr
Boston Fund
Bullock
4.97
| |lstl4S-^^-.-C^4wl994'
12.65
11.51
.—
—
Common
„5 %
: '
—
Chicago Rock lslapd.&
84.
82
: -2noa
Pacific—
Chicago Rock.Island &
■
(Cont
Keystone Custodian Funds
102
_1983"J^100
2nd 4 %s|
\V
-IBM'
Stocks
ALpuiayllle—
Ist4s
.
Aviation Group
1.08
98c
Wellington
-
Unit Type Trusts—
Investment Co of America
Investors Fund O—
10
X
Diversified Trustee
D
bib
f
Shares-*,"-
Series
B-l
Series
B-2
■:... Series
B-3
.".
29.00
■
„
30.38
28.62
__
31.34
U S El
22.59
20.59
.—1
IV
Serv 2%s
Cent .Vt Pub
Lt & Pwr 3s ser
>Conn
Erie
RR 2s
BANKS & TRUST
COS.—See Page 1448:
Kans Okla
-1975
JL.^1980
;
1953
—
'&
Laclede Gas
3%S-1980
105
108
3%s—1975
Monongahela Power 3s
1975
-Montana Power 2%s——_1975
Mountain States Power 3§—1975
Narragansett Elec 3s
-1974
Ask
Bid
Portland Gen
1956-1946
1950-1948
2 Vis Feb. 1, 1955-1953
l%s Jan. 1, 1953-1951
May 1,
1%S Oct
0.90%
100.9
100.11
101.6
:
1,
101.10
April
15,
105%
106
101%
101%
Panama
.1847
-1861
Canal 3s
Int. Rate
tMar 15 1947
Ask
Bid
March 28,
Dollar Price 100 Plus
Maturity-
•
100.16
100.17
1%%
10O!l3
100.14
-
-
t%s
April-1,-1946.:
Bid
Ask
1
.0297
i
.0429
'
.0438
110%
107::
.0492
101
tVeS May 1,
1946
100.19
t%s June 1, 1946
.0315
15,
100.20
.tSept. 15.
1948
AVs%
101.17
t.09% July 1, 1946—
tVaS Aug 1, 1946—
_
t%s Sept. 1, 1946
t7/8s Oct. 1, 1946
.0401
tSept.
Power
Pacific
\
,105
105%
1
108
108%
1975
104
Pa*
Preferred Stocks-—
Monongahela Power 4.40
Potomac Edison
-100
%. -100
Ruppart (Jacob) ,4 % % ——
-ioo
Sioux City G & E 3.90 %
Union
108%
111%
109%
112%
•107
■.ioo
$3.60
IlOO
110%
t
106%
11.-.
Central Pow & Lt^4%-
>107%
\
,106
.1986
2%s-—
k
V
"••
.
<108%!
109 %
106%
107%
107%
QUV(Cal). $3.75
,108%
>
v
101.18
■
'•
...
';'*•
■
••'
'''•
-t.
'
■
1946—
-
.0405
.0512
.0518
tVeS NOV. 1, 1946
.0461
.0585. *
1,-1946
1947
1, 1947
t7/8s March 1,-1947
•
1
.0562
_
—
.0.r.23
.06C3
.0503
.0662
f/as Feb.
.0561
.0734
.0611
,0802 :>
Dec.
a
•to
t7/ss Jan. 1,
t7/8s
purchase
BW
•
"Bid
—*
Ask
b0.375
—
b0.375
b0.375
May 23, .1946
—b0.375
May 31, 1946
'
b0875
June 6, 1946
" b0.375
June 13, 1946,--^—_*.-^-,i*'.'b0.375
1946
May 9, 1940May". 16, 1946May* -2,
*
<
b0375 0.28%
b0.375 0.33%
April 4. 1946
—
b0875 083%
April 11, 1946——
b0.375.0.33%
April 18. 1946__>:
&0.375 0.34%
April 25, 0.946—**
j
r?"b0.375 >0.34%
I
.0428
;0454
_
treasury Bills
quoted are tor Alscopnt at
—-
—
—
Ask
0.34%
0.35%
0.35%
0.35 %
Q.35%
'
100.31
15,
104%
1
1947
1947
1%%
1%%
.0355
XSept.
Unlon
—
.0220
Certificates of Indebtedness—
1%%
<
.
-
Odd lot sales,
Stock
dividend.
b Yield
value,
Formerly
the
tin default.
Chicago
SName changed to
———
tThese honds are subject to all
Flexible Shaft' Corp.
Garity-Michigan Die Casting.
Federal taxes,
-
.
*
„
0.35%
0.35%
.£ Removed
it .Ex-stock
e Ex-interest. fFlat price.
sale—not included in range for year,
Ex-rights.
priced,, d Deferred delivery.'
Exchange,
r Canadian market. ! ,s Cash
(Un) Unlisted Issue,
x Ex-dividend,
y
•No par
-
V
v
«
?!
,102 y*
101%
2 %s4—. .1975
& Light 2%s. .1975
"JVesteyn Lt ite Tel 3s—
1051/2
.108%
109
United States
represent one or more 32ds of a point
Figures after decimal point
1946
i- '
108 %
.■
.1986
1946
Treasury bills—
:
r- t;•
March 21, 1946—.-J—i
15,
Texas
'104
>
104
2%s— .1975
27/es
Service
Texas (Elec
105%V ,-106%
104% y—
Rates
Maturity—-
'
Pacific
v"'y; Other Issues
U S Conversion 3S——
v
XDec
•
Federal Home Loan Banks—
Federal Land Bank Bonds—
3S
Ask
,106 y# %
,
111
108%
1975
Elec 3V8s
Southern
112%
105%
103
1965
Gulf Ry
Lt 3%s
Minnesota Pow & Lt
Sioux City Gas & El
106%
;
.
Pow 2% s---^1974
tHoustqn Lt
FOR NEW YORK CITY
ip6
111%
105
llo%
101%
108
4—1975
California Water 3%s
1956——:—:2-2—
Lt & Pwr Shares A
,105%
109%
108%
.1975
Public Serv (Okla) 2%s
109%
109
& Lt 3%s—1974
Birmingham Electric3s——1974
Series
3%$-. .1975
'(Indiana)
Serv
.
Arkansas Paw
•
Independence Trust Shares
North Amer Trust shares—
Series 1955
Keystone CustcMan Funds-
Pub
Bonds—
-2.50
—
-
Volume-163
THE COMMERCIAL & FINANCIAL CHRONICLE;
Number 4473
1467,
"-i
ifi'*
;, t.
■'I
ill
in
appear
We cannot furnish them
issue
our
CI EAR IN C S
today, in
of next
much
as
en$s Saturday "and the Saturday figures
;
able at time of going to press.
the last
those' for thp corresponding,
5.4 %V above
fbregoing will
•the
indicate that for the week ended Satur-.
day, March 16, clearings from1 all cities of the United
States from which it is, possible to obtain weekly clear¬
be
BAN K
Complete and exact details for the week covered by
of the country,
ings will
O F
CO U RS E
THE
iBank clearings this week will show an increase com¬
pared- with a year ago. Preliminary figures compiled by
H's, based upon telegraphic advices, from" the chief cities
•
center
not avail-
larger by 11.8%, in the Boston Reserve District by7.5% and in the Philadelphia Reserve District by 6.9%\l
In the Cleveland Reserve District the totals record an
has to be estimated.
cases
We group:
are
Accordingly, in the above
day of the week in all
increase of 12.4%.
an
cities according to the Federal Reserve Districts in.
which they are located and from, this it
appears that in
the New York District
(including this city) the totals
the week
as
are
having recorded
the
week.
1,a .In
last year.*
Our preliminary-totals stand at $12,=138,525,288; against $11,521,883,108 for the same week in
1945.
this center there is
At
week
follows;
kkik
-
Week Ending March 16—
tiew, York**
'
Philadelphia
BOston.■■■
+
L—
Sim Francisco
327,875,230^.
+
10.5
178,006,203
Wttstiurgh
—
-
+
11.7
187,100,000;
+
Cleveland
+
Baltimore
249,567.341
198,131,814;
Ten
Other
■*.
»■
.
-r--.
- ■/
.
1,764,879,920
1,714,560,945
five days
day*
cities for week
to." dues,
$10,115,437,740
2,023,087,541.
$12,138,525:288 '
one
1 Total ail
.
Our 'usual monthly ^detailed statement
results- for
-
1946
.1945
$122,533,200 $177,921,900
$298,275,600
>./Bondi/>
13,430,300
16,320,100
1,664*600
Outside
'
--
-
-
—
-
.605,100
(
.
*
•
$191,748/700 ] $316,^60,300
1946
the
on
'
:
1944
.
38.995.195
32,612,585
York.
New
Boston
«
No. Shares
Baltimore
18.032.142
24,434,084
17.811.334
17,100,772
1944 '1942-
.
$
^
\
s
17,169
60,256
53,170
45,594
4,894
4,422-
4,037
/
4,465,580,637
-
584,228,692
>'■
,
■,:!
•V
/-•:•
r
254.596,919-
279,223,602
193,544,355
.
.
241,103,246
}
+20,5" •
-
+17.0
154,274,832
'
C
:
329,392,853
+
554,545,581
-
241,363,905
;
'
196,749.257"
-
+ 30.9
515,910,709
/
•
266,126,287
1
309,761,163
•••*-•
559,029,323
+ 21.7
•
510,240,847
+>
383:629,984
/y+;+ii:7"-
613,994,873
605,272,990
•
517,955,757
=
+12.5
413,977,074
537,716,519, ;
v
196,562,053
295,168,837
:
270,758,487
135,607.705
4,2..;>y
'10,452,887+02
ir,623,820,105
•5,052,384,577"
118,312,486
442,114,171
.
+ 11.2
4,600,460,945
423,741,916
y
9,146,-775,477
9.7
+
8,335,287,106
-
4,152,180,946
A,013,157,772
-
■
the Richmond Reserve District of 10.9% and the'Atlanta
Reserve District of 10.8%.
The Chicago Reserve Dis¬
trict suffers
loss of 1.1% but the St. Louis Reserve Dis¬
a
trict enjoys
gain of 12.2% and the Minneapolis Re¬
In the Kansas City Reserve Dis¬
trict the totals are larger by 18.6%, in the Dallas Reserve
District by 21.6% and in the San Francisco Reserve
serve
a
District of 37.8%.
3,430
3,061
3.056
2 «R6
6,092
5,488
"5,301
4,766
595
1,623
1,480
1,238
982
L037
1,975
1,417
2,103
1,138
1,10?
88.7
2,811
2,480'
2,294
1,908
619
605
524
1,447
1,339
1,255
1,035..'.
;
2,125
,
Chicago' ...*+**-*..4-.-
■>953
1,104
1,056'
Kansas City
866
757
775
699
1,909
1,715
1,627
1,831
1.817
l.WG
1,175
842
707.
^finneapolis
N. Orleans
553
426
380
350'
390
295
V
7,192
1,657
*
828
1,275
"1,522
JLouisville—
347
323"
290
.
785
352
281:
315
2;296
276
'—
250
63
69
143
232
■v
"745
63"
179
124
21*3
"516
204
154
185
+
-+10.9
+ 10.8
4,102,896,182
"
"
;
/i,199,740,741
2,352,050,516
1,134,893,427.
-
'
+ 21.6
i
3,423,249,143
-
1,213,012,197.
+ 37.8
2,079,092,897
982,305,134
1,326,482,392
r/.
'/.4,111,160,125k
+ 18.6
-2,167,704,116.
^
;
U 1,755,014,414
-•
+ 12.2
799,822,9 67
1,074,249,160
1,306,119,167
2,546,689,144...
1.1
1,424,563,793
A
.
.
,17,766,559,443
> 2,337,346,907
;;i 2,657,339,321-
>
l.l
1,182,217,301
1,345,887,989
.1,041,278,123
847,401,453
657,297,255
R480,839,396 k
/
+13.1.
1,268,232,373
1,030,750,219
823,019,818
2,102(085,234
1,729,559,683
49,796,863;984-
45,401,463,312
+
9.7
43,591,816,956
34,992,134,337
23,150,524,904
•
21,174,213,676
+
9.3
21,290,328,895,'
17,882,708,141
141
r
562
"303
;
f.
m -1945
Inc.
-
$
years:
Two
1944
or
Dec. c,'c
4,029,757,543
;
*———
M.
3,560,250,544
61,891,869,119
—
.
Months
1943
$.
.
54,749,601,720
ki
6,367,458,074
5,716,63.7,444
5,431,966,644.
4,128,982,119
Louis
St.
Minneapolis
_
..
2,645,091,324
1,780,178,011
2,350,521,359
..
_
15
-
3,634,790,815
_
>
2,829,824,172
12th San Francisco
+
/
it
:
V'
4,570,535,465
+
2,068,907,204
2,786,159,889
.0.2
+
3,497,064,364 ^5-3"
9.9
8,511.141,385
?•
4,569,822,701
9.6
1,395,069,934
'•
3.-103,035,295+ '
+17.0/+
2,165,963,689
1,784,941,841
.
:>;+;+14:2?-.:,
•'
7,181,131,087
2,520,620,697
^+ 32.0V
3,182,901,044
2,419,403,220
5,008,140,659
v ■
5,540,581,902
'
it
M
_
36,836,688,454
4,965,558,444
2,344,802,928
a.&.
+
" }
$
$3,112,961,249
.
5,301;482,303-
; +ll:8" *
8,679,295,305
2,907.094,438
u:/.;•/
'
'
0.1
—
:
2,540,792,584
3,795,001,180
8,700,482,256
**_**_
11th Dallas
f 11.4-1
T
5,435,826,998
2,839,460,053*
'
-
3,539,857,833
47,109,257,330
it
Chicago
13.2
+
"
t."_*.
10th Kansas -City/.-———+■_.
> 2,617,556,825
2.107,989,296-—*
1,707,755,843
4;343,546,920
;
3,662,356,540
J
'
Total
;■> 453
> 326
420
k
Two Months
'
.-'
99,074;802,075
+11.2 '
45+04^400,382
110,120,347:251
267
393/
- -503
_
_
8th
+
89,694,322,094
-
.73,070,644,803
-
r"v'>''Vr'
"
533
r
" 619
__
127
308
Two Months
-
1946:--.+
»_wj—-
*
York
9th
522
'312
.:..:v-453A
.
23(037,829,004,
+11.6 £
> 1,735,457,662
1,102,440,845 •
;
569
655
New
7th
627'.
614
155
,
^372
226
230
9.8
+
■}.:
•*;>
$"
1,449,099,988
i
append another table showing clearings by Fed eral Reserve Districts in the two" months for four
6th/' Atlanta.
'
-
:
179
285
:
*4184 Cities Z >
*
Philadelphia-
2,656
619
140
:
2,538,662,101
y
1,688,842,192
—19
—
Richmond
1,431
3,207
702
725
"
•
270
244
208
A-
"
11
*
Cleveland
821
756
2,956
-
$t. PaulL-.
"
7''
4-16
3d
"
77
—
;/>•">./+
2,653,028,268
"-
4,056,823,18!"
Gityi*_4.*———_4__—l^
4th
"
173
.w+_..
Minneapolis"
5th
1,527
839
-534.
1,424
2,960,336,613
1,922,585,171
"
>•>. 1943
'
.
1,674,803,022
'
2d
>■: 907
826
781
1,076
31
-1?44
*
^•ir.7 >
T,310,899,304"
*—
'-Boston
1st
1,858
390
Cleveland—
■
'
1,250
897
Inc. or
1,640,025,126
24,971,707,114
$/-:>-;•
2,262
,
S k.:kA/k;'k -k
Dec. ^ ~
2,510,793,711-
■
1945
.-t
•
27,407,516,589
/
Philadelphia/,;
Federal Reserve Districts
722
681
District by 13. 1^?>v
1,832,558,686'
3,449
1,451
_
,/
Two Months
35,571
1,6^9
454
Denver
5,145,204,266
6.9
+
+ 0.1
+11.9
'
504
Buffalo
"
.
2,542
Milwaukee-
,
'
378,412,105
-
1943
S
'
; $
685
jProvidence*
+ 11.8.;
/
580,901,029
285,348,984
362,442,013
!_•
We
1944
1945
m
523
Omaha
"
Outside N. Y.".; City**...——*—.**+
1,412
~
I
Total.l-'_*._a.
908
...
365,364,279"
IN FEBRUARY
19-43
Cincinnati-
Detroit
9
•—,_**«*—*..
:
■
233,282,239
.
12th San Francisco
2,544
.
"
10*
—
11th Dallas;
1,333
.
7'
City.*....:*™...™
y;
N,
10thKansas
745
Fran-
"/+
339,753,574
..
—,.—110 cities
8th\. St. LouiS"
1,559
Fittsburgh.
10'
*—_.
;
;
676,221,390
+
201,918,972
Richmond
9th"
2,831
...
Louis..
San
;
26,643 24,227 22,301
2,271
2,072 1,998
Philadelphia
St.
1945
1
:V
1946
^
'kv
Chicago"
J__...
Francisco
Jab. 1 to Feb. 28-
Month of February-
■L
6... "
* Atlanta:
7th
1943 :
No.-Shares
CLEARINGS AT LEADING CITIES
BANK
6,027,979,665
723,002,-568
581,547,651;
.319,234,111
>_
Cleveland
5th
k
.
.
;
•
4th
leading: cities of theJ country, for the month of ^e.bfuary and the ? months
ended ;with February in each;; of rthe last fourryears is
shown-in the subjoined statement.:.
(000,000
4* omitted)
6,741,358,541
*
.
.
"
___„l4-cities
-.New;York-.i.^.***.—*——..*.14 1'M
*
of bank clearingsr at
course
y
1943
-•*-$
'v
7.5"
+
'
7
—
Boston
3d
$533,706,860;
properties
No. Shares
51,510.197
34,092,745
;M6hth Of. January.-—February
The
r
1944
Dec. %
'
$
1st
12 months of 1943
•: ,1945
No, Shares
'
Inc. or
■
/■k 401,749,626
.
1946
2d
$129,337,oot
indicatedin the following:
...'
•
10, "
——...—,*»——.——
431,983,748'
;
Federal Reserve Districts
-
6th
!ib,1946^is
•;' *
.1945"
ClevelandAReserye District records an increase ot 1V1 %,
Stock. Exchange for the
York
'
For that; month there was an
increase for the entire body of clearing, houses of 9;7%,
the 1946 aggregate* of clearings having i been $49j796,853,-964 and the 1945 aggregate $45,401,463,312.
In the
New York Reserve District: the totals show an improve¬
ment of 9;8%k in the/ Boston Reserve, District of; 11,7%
and in the Philadelphia Reserve District of 11.6%> The
-
The volume of transactions in share
.
Ik •
CLEARINGS
'
Month of February-
6,193,700
_______
y, S. government
;'i-, bonds J
New
BANK
1946
;We also furnish today a. summary of the clearings, for
1,182,900
-
..
Reserve Districts:
of
'
the: month of February.
Foreign govern't
Total bond®
!
ly
686,030,052
22,236,600
394,500
Kansas City
expansion of 17.0%, in the;
District of 30.9% and in the San Fran-;
rcisco Reserve District of 4.2%,
}!l
an
Dallas Reserve
+
Total.:
>'
Railroad&inisc.
bonds
and in the Min¬
the
$510,287,300
32.612;583
34;092,745
bonds
In
.
71,607,780
"Shares
r:
!?
20.5%.
.
The
85,602,942
1945"""
1946-
Stock, number of
:*
}f.
summary
11th Dallas
——Two-Months-
-—Month of Februarys
A* Description—
>
?
■■■
—
10th Kansas City.
'
1
'
-
__*_________12 cities
9th Minneapolis
February-and the -two- months of -1946 and
1945 folk)w:
,1
District
Reserve District there is
465,550,117
of transactions
thel New Yprk| Stock Exchange is Rppenjded.
on
'
—17
8th St. LouiSi.__._w*-*-—.m-*-*—*-*——. 4..."
5.4
+
'
'
^
"
+— 4'9
$11,521883,103
r
.
5th Richmond ■
7.7
+
.
;
York.•._*_-l'.*-J^-**-**._.--.12.^:'^^•;:^:r
7th Chicago
2.9
+
$9,394,265,777
2,127,61^331;
t ^
Philadelphia
12th San
TOt. all. cities,
,
6th Atlanta
8.7
+
•„J
V
4 th. Cleveland
'iVr
■
.
New
3d
2,7
+
$7,679,704,832
days..
five
cities,
'
.
Boston'_*_***r_
%':> 2d
1"
140,615,114
>
.
t. y-
••••■•
$8,350,557,820
cities, five days™.
1st
.
—10.0
*
'i
1
Reserve
'
—19.5
144,463,099
**_**._*-*—•
V-yV>>{'V-
i'
^
1
and in the Atlanta Reserve District of 12.5%,
Chicago Reserve District the increase is 11.7%y
/^Federal Reserve Districts;
6:6
178,332',283
i—--.
-
'
Week Ended March 9
1:7
256,190,000*
200,989+25 k
-
\
,
the
neapolis
In' the following we furnish a summary by Federal
.
*
273,030,000
-
M'
)
•
3.2
190,200;000" -
St. IdUhf*
i
<
;";v
.
;
increase of
an
.'6.7
459,425,770,
198,820,852
City
+
59^000,000* '
!•
362,415,693
Kansas
12,0
-
,
'?
t,
+
/
; 490,051,440
' 615,000;000
—
**~
;
Cent
.
'$5,086,793,360
$4,697,255,128
-
1945
-
was
11.9%
In
having amounted to $11,623,820,105, against $10,452,887,302 in the same week in. 1945.
Outside of this city there
was
an increase of 9.7%, the bank clearings
at this
Per
TELEGRAPH
of
11.2% the aggregate of clearings for the whole country
.'
*
1946
Cfhlcago_-JI-l—
^
Ht-
w;
CLEARINGS—RETURNS BY
-
in. the St. Louis Reserve District 21.7%
Our comparative summary for
ended Friday of 12.0%.
the
improvement of 0,1%, in the Richmond Reserve District
we
,
r
increase for the week
an
the elaborate detailed statement however, which
present further below we are able to give the final
arid complete results for the week previous—the week
ended March. 9. For that week there
week
Outside N.
Y.
City**
49,864,011,213
,
8.2
44,099,487,76?'
,
*
3t,498;652,397
,
393
477
"
Seattle
-
10*
309
261
180
190
161
34i
_
335
360
..331
;
'
—
Salt L. City
.
—
127
i03
...
62
76
•
•
V
.
110
:
'/ 72T
;
rk .245;
'
134
.239
0
"-"138":
"40,662 38,965 31,284'
5,420 * 4,739 *4,626
3,708
98,521
8B.779
80,262
Othercitles
11:599
10,295
•9,432
MONTHLY CLEARINGS
>212,
Out.
99,07445,904;
-Clearings,
;
Months^-;
-* ..:
•
.1946?'.
*
/A
y
Totals. All—
'1945s
'
Inc. or
>:+.■
114-
Dec. %
65.322
January-
7,778"
60,323,493.287*
February
49,796 "i45,401 43,591 34,992 110,120
23,150 .'21,174; 21,290 17,882
49,864
all.
N.Y.:C.
Total
the clearings by months since Jan. 1,1946 and 1945:
672
-
Tot. 27 cities 44,376
covers:
340
748'
1
163
The following compilation
228*
559
?kv401?'
281
"k
50
;
255
637
.
686
'. 420
730
94
;.'••• 6i-
265.
772
'"kr503^
_
;
Hartford
126
306V
142
_
jMemphi^
I20:
245
240
Jhd'polis Richmond
y vn
89,694- 73,070
44,099 * 37,493.
$■:
49,796,853,964
<1
y
r-'k
Total Two Mdnths___
110,120,347,251"
Clearjngs .Outside New York'V ,,
r '"1945
Dec. %
26,713,486.309
9.7
23,150,524,904
+11.2
49,864,011,213
+
99,074,802,075
Inc. or
,
+12.4
-.^.53,673,338,763
/
'45,401,403,312
...
1946
*
>>£;?-■'$/
24,730,186,706-.
21,17.4,213,676
--
K. 4-
;
8.0
+
45304,400,382
9 ."3
+
•
8.6
■hg.
We mow add: our+detailed; statement
showini^the'fi^uresfpr eack city, for ihe months of February
-Month of February
Clearings at—
•
y
1946
i
S
First Federal Reserve.
'Me:—Bangor
$
../
'
6.043.500
y
Portland--*——-;—__i.
Fall
-.
.
"
7,
14,317.926
13.062,406
1,559.700,235
-—:—*—***--
1.412,090,167.
River
5.378.159
Holynw
2,165.748
New
_—
Bedford
.-
i.
:
Worcsster
Oonn.—Hartford
'
k
.—
Springfield
z
New
*
Haven
Waterbury
i
9..
'H.
T
i-Jr'JiX.t
ii
i-
Providence
H.—Manchester
t'V
—*
,
5.455.956
.
1946
7
+ 36.4
12.063.090
•
V
••
'
'•
V
.
,
30.6
/:
+
,
Total
(14 cities)-—**.**
1,832.558,686
1-,640,025,126V
1,460,326
T"*3,444,74L
368,513,421
+
+ 28.7
17.4
+
11.771.9)0
/•
35.456.201
179.200;600
.
4,029,757.543
-
i«,
;i
26.655.565
>
.
^
4,425,360
14.278.000
155.072,000
6.251.179
/
"
■1
+ 1,156,958
5,540,775
56.010.404
r-
-
+ 33.0
++ 21.6
•"
-
•
-
'
+ 43.7
%,
»1944
1943
.......
:**+/'
/>;•>
940,344.-..;
..+16 5
;
856,497
3,704,086
+'5.7
+
■■
37.5
315,960,403 + >
3,293,546
•
.
314;205,6ll
+24.5
/
982,548
991,935
406,732
479,200
+ 32.4
1,129,084
1,051,185
+18.2
>•/./.
-
4,580,920
21.0
4,165,170
+ 42.2
2,831,486
15,930,800
+ 12.8
13,493,600.
6,612,822
+ 26.2
5,544,824
5,338,490
+ 12.8
13,4«3 800
29,607.6Of)
/
-
8,347,?54
+
3,112,823
15,930.800
:+
-17,963,500
-
4.545,939
2,725,660
29,607,600
+30.4
+ 15.6
+ 32.1
,:17,963~500"
y;
925,108
,
-V
603,921
+ 53.2
1,003,182
601,255
365,364,279
378,412,105
.
3,560,250,544
+13.2
^
$.'
*
949,062
523,267
/> 1,531,375
8,259,187
11.7
"1,5
>+21.6
,7 134.787,325
-y-> i:
Inc. or
"
39,233,814
+ .:l 1,592.634
'47.718.942
.+ 18 625.700
:■/
:
348,749,685
618+26
+41.9
,
1,016,489
"2,957,516*
.
•
1,304,733
•
+ 32.8
+
+ 11.3
+
6.4
+ 12.0
"
8.975.438
69.754.562
-
f + 45.7
4.205,611
->+ 23.0
We ck Ended March 9-
;.i >; Dec. c;o
4,350,321
^+21.2
:
1945
-1946
5.585,570
163.863.132
6.607,800
;
.
5.108,361
+ 23.6
-69.825.300
2.770.107-
+10.5
8.257,153
3,061,816,827"
11,551,227
.„r
.
Dec.
lk"> 28.764.273
"4.
I
ek ended-March 9 for four yearsh
or
'''
30.603.941':
-+22.4
•
-
26,262,807k.
■'<*
8,128.800
6.2
Inc.
11+++-/S
-,3,430(226,454
+ 33.0
+
62,124.210
"31,823.159
we
*-***-;—
1945
v/
.12,031,706
;l.
+ 10.5
1.959.274
18,521,685';
76.765.408
3,930.741
9.6
k
4.939,080
.
..
15.752.966
77.685.700
62.6.;
"'.+
>
2.039,409 >
+
22,667,172
>
;
"•;+
4,043.460:'
2,673.216
Lowell
r
•
•Dec,.?c.
3.716,331 >
•
"
Mass.—Boston
'> '
or
District—Boston
—.'
and the
Jahv 1 to Feb 28-
..Inc..
1945
431,983,748
401,749,626
+
7.5
'
Second Federal
District—New York—
Reserve
Y.—Albany.
m.
66,241.841
8,449,410
232,754,000
. .
.
4,614,169
6,016,572
26,646,329,060
60,361,816
vv-1,
32,465,810
V
6,535,348
33,814,848
2,365,456
^
127,813,280
—
Binghamton
<
-
Buffalo
...
Elmtra
;
—
.
Jamestown
—
York
New
Rochester
—
—.
Syracuse
Utlca
—
Conn.—Stamford
N„ J.—Montclair
——„
Newark
—-
Oranges
(14 Cities)
Total
; •
fa.—Altoona
Bethlehem
Harrisourg
—
Lancaster
Lebanon
—
Norristown
Philadelphia
Reading
'-?■
"Scranton
~
Wilkes-Barre
:
X 14,443,103
7,658,885
7,931,742
——
J'.
—
York
—
DU Bol8
OV
Del^-Wilmington
7
4-10.0
60,256,336,038
+ 13.2
129,519,306
+
26.1
73,187,263
+ 20.7
14,666,895
12,272 199
78,590.419
''
30,971,108
1,887,793 X
; 2,960,336,613
Cities)—-w-L—
tfdtdl (16
Reserve
BTemrth Federal
10.5
:
+ 23.5
9.5
8,256,792
+
6,582,259
+
7,075,006
6,621,963
Y
23,976,063
i';
15,727.570
&
' k
+
11.0
+ 33.5
.
+ 22.7
33,977,947
+
■-VV-V
383,936
24,931,103
2.6
34,976,634
+ 11.8
5,145,204.266
704,000,000
2,043,303
33.0
+
15.7
3,818,055
12,752,700
+ 25.5
15,274,875
+
16.7
1,791,077
1,908,205
1.475,827
+
42.2
+
42.3
17.830 637
•
2.098 682
r v
9,471, 815 :
2.5
52,408. 5.12 :
45,942,366 v
46,105 000
35,578,900
.
+ 14.1
+ 29.6
+
16,691,500
+ 53.7
2,653,028,268
6,654,968
•
+ 11.6
5,716,637,444
+
11.4
District—Cleveland33,130,944
1,056,309,768
1,817,418,824
140,580,500
164,250,100
:
7,874,713
7,127,584
'
~—
4;312,822
2,945,867
19.649,581
~
37,637,524
...
29,951,290
-
i 17,267,346
22,747,480
87,506,902
80,897,612
3,207,596
:
1,907,792
1,975,123,724
Pittsburgh
22,856,559
30,935,075
30.087,462
45,417,298
.
V;& 44,664,050
21,723,479
26,114,696
Va.—Wheeling
2,538,662,101
(17 cities)
1.1
—
Distriet—Richmond—
•
24,750,000
+21.0
306,924,695
0„ C.—Charleston
Columbia
—
+
12.6
9,808.235
Richmond
+
12.2
+21.2
14,789,944
619,540,697
,
V
+ 10.0
-1.8
2,828,685
—«.
197,381,511
+
8.7
1,182,217,301
+
10.9
C.—Washington
Total (8 cities)
517,955,757
+ 21.8
6.193,534
Va.—Huntington
fa.—Norfolk
2,885,109
1,667,159
2,105,816,251
27,360,066
Erie
Oil City
District—Atlanta—
(Hxth Federal Reserve
^
Tenn.—Knoxville
53,504,085
187,167,203
•
V
Nashville
665,300,000
Oa.—Atlanta
Augusta
12,199,313
11,680,475
Columbus
9,978,277
<
Macon
Pla.—Jacksonville
260,710,142
—
Tampa
17,675,138
———
Ala.—Birmingham
*
429,031
24,488,934
893,943
+
".
Md.—Baltimore
Frederick
6,937^945
1,YO8~318
V 16.010..373 i
t!».-«-Beaver Co. :,
Grfcensburg
O,
>r
14,333,041
-
37,855,977
Federal Reserve
"+~ 3~1
688,312
26,048,277
19,070,,445
Newark
fifth
7,330,750
9,007,318
•
1,252,138
,30,135,,263
.
Toledo
W.
5,780,009
-
.
24,607,747
Total
;
22.9
+
+ 51.1
21,531,078
;
Lexington
11,010,907
+ 27.7
4.7
+
5,488,000,000
Lorain
W.
•'
6,092,000,,000
:
1,831,436,227
Ydungstown
9.2
+
6,158,430
'
6.0
5,735,400
6.051,,894'
ColUmbus
Mansfield
1,112,813
4,993,594,531
+ 28.0
+ 35.5
2,975,052
7.0
+ 12.4
+26.4
,
7,046,,718
+ 12.1
707,785
:
20,136 ,709
'
21.5
6,301,720
+
—22.6
.
32.3
+16.2
12,428,927
v.:
6,225 .894
+ 11.3
2,544,000,000
974,169
977,720
+ 17.8
5,846,426,357
iV1,13,124,974
"L
1,545,243
57,898,894
+ 30.8
7,688,371
30,313 ,770
15.1*
+
-.5,047,114 '•«*
i
—21.9
2,897,859
39,982,917
1.4
8,630 661
■•*■>■ 5,950 ,032
+17.0
3,266.848
'
'
4,493,790
+ 35.6
—
980,603
572,732
30,040,978
290
~—69.1
54,692,000
9^28~8~713
"
343,108 ,906
6,602 ,330
•V
24.0
+
31,169,654
1,550,248
6,027,979,665
—26.9
—
3,223,402
11,087,255
•
1,104,518,518
Hamilton
7,867,212
.
9.8
+
3.683,239
;
10.817,431
■
,
;
3,908 ,342
241,203
373,331.562
Ohio-—Canton
Cincinnati
Cleveland
V.
,
269,093,692
+ 22.5
2,319,546
f-.,
114,576i,347
57,613 ,566!
V
.'•••" 5,184,172
+
24,971,707,114
y.
53,170,401 ,693
•
+ 25.3
4,217,046 !:
Vr"
-•:
+10.3
158,022,975
..
9.2
+
;i K 115,893,339 ■'>'
■
6,571,435,528.
14,325,031
69,590 527
5,413,028
25,657,000
1.: J^Trenton.^.^.........—^
-10,143 ,365
53,314,072
V
'
1,155,058
1,041,834:
9,318 ,727
■ •
25,747,786 <:>
1,069,664
4,032,111
22,065,257
,
Hazleton
;
11,859,510
\v
8,709,993
*
9,639,670
;;;
i,
V 53,921,000
533,165 ,263
^
v
Chester
4.8
+
9,625,036
Y; 2,102,502
16,332 .367,
19,572.842
•516,788,502
+ 38.0
24,227,249,636
2,864,387
2,691,033
2,915,986
13,745,018
9,664,115
•
2,552,850
' „ J3,335,469
;2,831,000,000
5.9
4.8
+
—
'. 159,336 467
123,281.817
—24.5
•4,361,255
Distriet—Philadelphia—
Federal Reserve
Third
27,407,516,589
—
■:
7,976,381
244,493,512
4,402,630
5,163,850
:
—
—-
me, or
Dec. c/o
Dec. Ye
87,755.953
174,591,129
J.
N.
Northern
$
1945.: >
Inc.or
1945
$
-Week Ended March 9-
-Jan. 1 to Feb 28-
Month of February1946
Clearings at—
-
252,404,608
—
19,491,643
9.488,998
Mobile
Montgomery
—
Miss.—Hattiesburg
.—
.
Jackson
Meridian
13,501,000
23,517,047
4,144,077
-
1,321,125
Vicksburg
—
Orleans
380,502,040
*
1,922,585,171
Total (16 cities)
Seventh
Federal Reserve
Mich.—Ann
Arbor
Distrlet—Chloafo—.
3,280,934
Flint
Grand Rapids
,
Jackson
—
—
Muskegon
—,
City ——
Ind.—Ft. Wayne
Bay
.
11,990,467
Milwaukee
—
.
Oshkosh
;
'
■+; .>
-—
Manitowoc
■'
City
.
Ames
OL—Aurora
•
Bloomlngton
Decatur
Peoria
—
Rockford
Sterling—,
IBghth Federal Reserve
Cape
Ky.—Louisville
Tenn.—Memphis
CI.—Jacksonville
.
SJumcy
Total (7 cities).
10,281,708
:s2°>039,518
41,0397289
3^2427328
29,419,329
3,166,946
21,674,233
10,845,366
2,610,756
14,784,301
960,095
2.872,933
tin'177
4
4,530,111
-•
•
2,656,004
•
.
f'469,093 "■
: 970,532
m4'?o5?|£
530,825,950
.2,081,547
{«•<»
I'J 25,092,347
f9>2l4,02'7
4
881,474
(2,263,466
8,700,482,256
8,247,671
+
8.7
+ 42.9
650.147
+ 51.6
323,134,969
+
240,288,744
180,372,254
+ 33.2
1,623.663.565
14.637,877
2,112,660
745,604,077
509.424,435
791,340
*4,665.568
583,458
+ 35.6
1,737,872
•
:
'4,335,177
1,199,740,741
9,621 941 '
H 19,465,810
v
+
7.4
7.6
32,0517282
7,561,479
+ 43.4
16,104,271
8,121,067
579,187
+ 67.6
611,748
9.3
438,804,981
+ 20.6
2,126,172
•
9,913,952
2,907,094,438
2,151,161
^
7.7
5,774,169
2,276,532
2,105,581
'+31.8
2,001,665
+ 18.0
1,895,266
613,994,873
+ 11.7
559,029,323
194,200,000
Vv
1,497,433,629
2,645,091,324
+
3,001,036
2,483,697
169,000,000
+ 14.9
158,500,000
81,717,367
62,478,019
66,728,619
42,235,314
7,130,106
'
8^79^305
12,603,168
1,536,954
702,577,598
420,898.167
1,282,648
8,759,160
485,798,564-'
1,725,751 '
7,721,701
686,030,052
Z7'0|4.»33:J'
l'888,2l9
4,102,896,182
9.497.430
1
7,605,417
+ 23.5
i'dH'018 l:'
7,355,309
;
7,316,212
3,604,970
;
-
89
7,042,303
4,894,357,505
19,236,727
'0' 65,040,198
2,072,068,121
25,863,000
3,842,692
:,
i3iit8'060 ^
nn7'748 i
62 <270,024 :. '
'
2,329,815
28,037,000
,
f'p6,'So
22,443,828
169,219,794
79,515,844
4,766,801
1,345,887,989
11,400,920
Z'lZ9'562
"<496,491
^4,596,546
685.897,935
347,014,33O
3,350,724
825, 74Q
5,758,820
6,813,621
985,453
...
29.530.54,
;
34,0Y9~000
12,176,339
2,020,958
745,328.933
Independence
I
-
3,238,431
2«?'iJ7'445
^>057,194
303,435,892
31,113,003
89,245,392
25,250,565
372,786,017
62,259,050
Distriet—St. Louis—
.
Girardeau
r}%?'405
8.161,723
|a'7J2.453
53,428,853
,
2,516,499
4,099,912
26,429,631
li'fo2'295
30,403,608
-
1,986,023
Y 4,056,823,181
Total (31 Cities)
:
666,085
>■
ga
J'?9*.233
9.850,061
15,276,900
9,208,584
9,565,085
9,216,043
1,062,812:
Springfield
Mo.—St. Louis
"
?
' v V 3,369,585
l-f:
3,369,475
2,271,485,599
——.——
»; 8,656,520
——31,533,438
12,451,132
Chicago
~
:
1
76,233,579
v >.i .. 41,568,117
mV 1, 1.211,279
Moines
SlOUX
.
5,633,546
952,356
; 2,172,037
10,655,316
U.-*-CedarRapids
DCS
;
58,472,473
38,886,613
143,470,145
2,743.138
;;";t
,
Sheboygan
Watertown
:
k' 173,220,339
'v
21,298,247
3,672,373
12,995,372
22,493,007
120,654,357
•14,031,533
.47,893,227
9,067,270
142,364,189
14,380,809
41,831,961
—„
7,295,066
2,296,289.184
7,590,565
23,021,113
4,213,845
18,385,915
6,754,567
3,944,911
14,121,191
22,646,592
,
—^
Gary
Indianapolis
South Bend
Terre Haute ;
Wis.—Madison
...
-
—
Lansing
2,770.284
1,424,767,244
1,076,967,123
10,987,459
27,189,184
4,232,035
19,990,792
7,361,223
Detroit
—
+ 16.1
+ 37.5
+
21.0
+ 22.5
+
+ 35.5
+ 13.2
1,358,188
339,753,574
:
64,764,512
41.635,775
TYi
1,259~669
279,223,602
47.9"
-
1,226,000
+21.7
266,126,287
[Volume, 163 (;JNumbe^!4473.
THE COMMERCIAL & FINANCIAL CHRONICLE
1469
m
!.V;" v:,'^:^.'-
^
'v--v^.;X'''
' '•+>
M': i% Vy.;,
ttlearings at—
Month of February1945
1946
-Jan. 1 to Feb 28Inc.
1
Ihtl Federal Stierre
District—Minneapolis—
Minn.—Duluth
_
t:
111
1
tv:
3,101,528
208,815,738
v/v'
:;t. +. —■
+■
•
>/ ; 179,145,040
} ;
2,308,515
2,652,561
596,422
& s
——
Falls.
Huron
7,043,565
19,668,278 ^
:
,
_—____
:
:
.
dfiont.—BUHngs
""at Falls
y:
i
Helena
Total
I
\
i*
„
>.
Hastings,
Lincoln
281,031,556
;
926,293
1
25.3
+
11,101,482
27,869,635
2,016,321
29,518,746
71,341,100
64,493,105
10,897,713
1,909,397,706
7,117,449
+14.4
•
1,715,334,879
4,348,068
;
+
50.0
14,110,949
230,775,408
,
+ 23.5
II 619,765,260
8,902,707
503,689,550
11,122,516
8,361,123
\
3,634,790,815
3,182,901,044
I
;
18.6
+
Total (11 cities)
+ 64.3
8,383,804 1
—
28,653,238
19,987,179
1,102,866,004
:
'
.7■ •,'
8,282,226
6,695,945
]
2,684,512
+
•
119,457,448
+ 12.0
3.7
1,074,249,160
11,030,359
10,895,412
:
Francisco
Jose
'
Banta
1
+
1
8,507,694
1.333,016,161
32,462,847
+
730,495,616
41.1
r
1.1
:
+20.0
-
17,034,566
-
0.4
of
>
1945
17,000
—»
788,634
+
18,078,199
338,010
reserves.-..
advances
1
8.209
—
1,542
:
,
; +
securities^.
bank's
+
6,736,414
1,372,700
946,892
201,918,972
154,274,832
137,315
items
1,
I
€,356
33,234+
+
53,747,652
25,142,974
51,510,444
-.•.'*+
3,269,855
■
—:'■ 7,450
+
62,956
6M177030
Total llabliltles_-_r:-:;_r:_
11,284
43,366,576
■
63,534*
1,157
r
gold certificate
deposit and P,
to
+1,204,073
+
of
the
Federal
Reserve
cities shows the following
2.7
■—*————
505.850
230,481
1,167,585
|203,941
297
+
1
-
+411,263 '7
1,765
8^571656
+3,155,355
'"
180,815
82
43,976,496
14,080
+
+
"
263
2,122
+413,467
+3,259,993
1
43.6%
.1'
indus¬
*
*March 6 figures'revised.
1.745
27
''K-
1;
13.4
.318,046,000
Commercial,
9,880,204
7,546,881
3,221,333
+32.0,
3.9%
•;
+
9.6
:
1+11.2
■
3.7
4,935,886
537,716,519
.
515,910,709
11,623,820,105 ;
■
;
If;-' 219732+848
/
5,159,928
2,285,685
.4,318,622
!
+64.4
,
9,4977047
;
.
2497O9O7OOO"
-
+
'
'
8,112,926
+
8:6
5,052,384,577
3,767,358
1,247:048
•
3,447,79a-'
4.2
442,114,171
+ 11.2
9,145,775,477
8,335,287,10R+
4,152,180,946
4,013,157,773
+
10,452,887,302
423,741,91fP
in
101
J
4,606,460,945
+
9.7
in
A. summary of the assets and liabilities of reporting7"
member banks follows:
leading
(In
millions
of
dollars)
A:K.:?
States
Xncreaaa (+)
Decrease (—) SlhraaMar. 6,
and
loans
for
purchasing
or
for the
same
New York
increased $28,000,000
In
New > York
deposits
adjusted
declined
deposits declined in all districts.
^
~
}yy':
Deposits credited to domestic banks increased in most
districts and the total increase
was
$76,000,000.
v"
520
+
'171
freasury bills.—~
+
+
%»'■
7,011~
+1,117;
g^'. +I.H
hg-i
+ 4.986;'
T
f Reserve with Federal Reserve
Banks—r
9,9130+|]
j Cash in vault__.
—
;—
—
551 ~k2,245
347'
—
securiti<»_„_f--+«.—juJ.43t7'.
1 Balances with domestic banks
433
+
bondt_-j.+^^-^l--~..-—r.*.P+r-«-^' ■' 21,221;.^,^::-
I Obligations guaranteed bytl. S. Government
'! Other
935J
—
^
■
.21,
476
+
-102
1,415
93T
87-
,
—
15
indebtedness.^.,.—-^
Treasury notea........u..^.....
i fL 8.
+1,167.
21
2
.61
vi
+
79
—
—
362
13
—
46
—
501
+.
23
124
+
Liabilities—
j
i
9,275
3.520.:
16
-51
1,762
Treasury certiflcates of
■
in 1 i
$29,000,000. United States Gov¬
->
1,131
[ Demand deposits adjusted..———t
City, $106,000,000 in the San Francisco Dis¬
+1,260
440
Loans to banks^.^^......
City.
$154,000,000
76
-175
2,031
Other loans^:^—
U. S. Government deposits
15,890
'
'
Domestic banks
7
10,132
—
1.226
Borrowings
+'• 246!
29»
+ 1.6 IT
+
—637
*+
Interbank
and
+
76
.
86
+
8.
during week
Gov't
+
'5 :v>
.
.
.
•
accounts,
-1
16,461
fJfVMnAf.
>hai?( rrt/l
District).
'
8 ?
■
1
> ■
•
51
.
•
19L:-
t
JrWO.)
Ol
231
+
■
deposit accounts except
U.
5,904
+ 1.033
+,12
361
5 Debits to demand
OrXlnU
—215« 1+
"
—■'
+...1 Foreign banks
■*
37,305
9.678
Time deposits..
i Interbank deposits: '
trict, and $215,000,000 at all reporting member banks.
ernment
obligations
Real estate loans_._m
$51,000,000, both largely
Holdings of "other securities" declined $21,000,000.
Demand
674
Other;secuiities-~.L+.~..<.—
$69,000,000 in the San Francisco District, $32,-
.
1,480
U. S. Government
at: all reporting member
+
Other loans for purchasing or carrying:
.
$188,000,006
41
-
agricultural
Other securltles^....^.....^.^.^.^.
000,000 in the Chicago District, $30,000,000 in the Cleve--
and
15,037
+
+
Holdings of Treasury certificates of indebtedness
land • District,' and
1945
-449
.
in New York City.
declined
67,699
ant< dealers for pur¬
chasing or carrying:
'
>
'
/
U. S.Govexnment obligations—.^^.
$175,000,000 and other loans
Holdings of Treasury bills declined $82,000,000 in New
City and :$102,000,000 at all •■reporting member
Mar;
Loans' to brokers
Loans to brokers and deal¬
purpose declined
1946
in¬
carrying United States Govern¬
ment obligations declined
i
Feb. 27,
1946
Government
agricultural
.
■Assets—.
Commercial, Industrial, and
industrial,
;..rf
Borrowings increased $64*000,000 in New York City
$86,000,000 at all reporting member banks. ;
$141,000,000 in loans, $287,-
United
.....
and
t
1,598
V'*;■* ,K '
47O62,828
+ 30.9
3,106,244
r
principal changes for the week
all reporting member banks.
•y
•
;M6S7326
:
>+»j-+r>""+ y
.+ 3.3
'
30778557O*00
25.1
+ 15.6
:'
7
.
"+"21.7
.
Loans—totaL
Time deposits increased
R.
combined
•
+
.
*3-22.5
■
57871,TO~4
.
-
y\vV;;W
39,907
re¬
''
+
•
System
130,202
+
27,428
43,322
+
10,522,107
■
77l44,6TT
+ 23.7
creased'$48,000,000 in New York City and $76,000,000 at
banks,
•
•
deposits.
j banks.
72,289,83i>'
23,332722a
7vi' 7
■
Loans and Investments—total-
238,881
—
+
358,355
Total liabilities & cap. accts._
+1,782,064
+
1
64,479,743
24,714,647
'
—
ended March 6: Decreases of
+3,259,993
+
—
1,789,176
"+1871
5,543
301,245
+
85,700,101
2,338,123
-
7+"O7I
27,8847705
+ 27.6
45,904,400,382
9.3
60,588
—
+164,603
1,909,659
+36.9
+"31.7
:;!
4,569,822,701
49,864,011^13
'
68,499,143
—19.2
''v '
99,074,802,075
6
—
r
76,195,266
**+*T3
:
-*+ 20.3
91,181,300
5,008,140,659
+2,816,955
■■:.— ":
+
218,839*
118,312,485
"
26,221,361
110,120,347,251
?.7.
5,295,99^*
135,607,705
;
Condition Statement of Member Banks
ers
+
—110,320
17,374,209
1
Other liabs,, incl. accrd. divs,^.
make
+22,9
19,043,854
44,545,487
+
2,450
-
'
+
'
f Total deposits ___1_
Deferred availability items___'
I
87.930
+
'■)
54,288
15,663470
501,470
;; '.743,135
466,434
to
"
p;?>>:'+14.8 :
70,780,324 •+1v'-1+25.0-.'
2,480.063,239
+
1,307,533
,
5,364,968
32,9377x54
0.1
—
14,486,264
245,515,722
67,256,028
+13.1
1,391,658
+36.4
:
455,350
•
+413,467
.
j..-
trial loans
1
1,328
.24,071,424
•
Treasurer—gen. acct..
liabilities
2,526,128
6,654,000
1 639,052,872
-
"
+30.9
777245^624
3,*457»787
York
I; Other
note
+
+1,369,882
+ 1,325,903
+
306,350
185,180
+ 292,267
+
12
43,976,496
f-Member bank—reserve? acct,
Commitments
78,260,329
214,630
)
Federal. Reserve •'note$-y.^>._^,-.:
Deposits:
M
of
0.2
28.7
2,811,659,550
:
2,414,000
+ 23.8
13,412,025
1+1 + 41.1
J
.1
45,659,552
+38.7
H-5 11,529,545
3,331,200
y\
tions, and $637,000,000
—
/
—
2^227,032 1
t
-13,669,524
>
*+16.8
17,263,829
+ 17.1
/ +36.7
:
Is v''y f.V/.
i$.j, ,4 •:} I-..;
+
56,471,599
17,109,992
»
3,063,914
94,702,395
■;
+ 50.0
.+
22,743,497
+43.9
'lllrl
,
109,028,231
000,000 in holdings of United States Government
obliga¬
+
•;+124,424
57,391
Bank premises
Other assets.,
i; Total, assets
serves
1
4
—133,245
;
111011
■
2,822,124;.
jv ,V+; 1>T-rJ
i.:' /:i',v
—
22,393,118
-'
banks_..
i Capital Accounts—
1
Capital paid in
Surplus (Section 7)_
Burplus (Section 13b)
Other capital accounts..
893,968
270,758,487
-
+ 17.0
146.170
—
■+155,755
—289,000
23,105,205
5
r
6,065,773 1
360,800
+
y+f 267,665
13,337,112
;>
:
+28.0
.
1,764,328
+ 28.6
>•
y:u
Total II. 8. Govt, securities
Ratio
—
17,001
+ "
■
710,545-
^
Bonds
■
1946
R.|
Certificates
+
Mar. 14
C
17,289,565
notes:—
8.
Mar. 6
••1946
©old certificates
K
+30.5
675727884
+ 38.6
t
.
2,646,789
—18.9
....
-1"':
The condition statement of
weekly reporting member
Increase (+) or Decrease
Foreign
>; V-
•:+.
295,168,837
+ 30.7
'
7.1
1 24,519,149
banks
dollars)
Mar 13
j
'
: „;■■:■"
5:7
25,183,891
31,550,550
73,715,323
+ 23.7
21,174,213,676
Reserve Banks Combined
thousands
v
88,503,647
v*,—
1; 45,401,463,312
23,150,524,904
+
9,079,000
638.127,034
17,798,329
"
y
,
2,079,092,897
49,976.853,964
r
I
1,148,084
"927,221
*
19,481,070
281,263,578
Statement of Comtition of the 12 Federal
Liabilities^-
.
+81,5 '
,,
21,747,963
:v
24,126,412
•
+ 23.7
•Estimated.
)1U.
-
1
1.:.::: +37.4
.
8,201,069
2,352,050,516
©oteldi Mew yv»«*
J
+
7,207,378
729,239,660
27,984,714
+
23,744,331
24,038,337
©rand Total (186 cities)
'
3,294.119
;
+17.0
+
8,418,481
■■'•
+ 36.0
5,912,966 i
1,138,666,396 fe
:
11,373,770
Total (19 cities)
Dncollected
5,979,543
+ 27.7
2,419,403,220
+30.3
7,863,792
20,577,867
>
Barbara
'.Stockton
other
309,761,163
6,005,224
2,829,824,172
16.8/
L71,;
+
6.281,028
103,307,328
30,790,244
26,459,653
>
notes of
362,442,013
"+35I0
■;
51,234,595
,
:
11,436,731
44,386,598
Pasadena
F. R.
1,241,808
;
•"
+ 13.7
14,230,008
54,889,106
+'21.6
3,501,918
335,305,360
10,988,379
Riverside
and
6,144,816
13.7
+
7,282,143'
6,348,962
0.6
.!
14,150,646
36,002,384
,■
foreign
177,442,190
1
18,169,610
.
+
+
23,562,628
42,298,217
Modesto
from
+ 31.9
:
1,048,809
3,553,000
20.6
7,537,308
127,825,698
Long Beach
Due
1,142,928
15,131,6121
940,899,707
290,233,539
©allf.—Bakersfleld
!+*Total loans
1
-
1,415,634
4,637,000
1,070,056,191
lit,in ta."-,-I...
^
Motes
1,507,444
1
19,3637756
+ 16.2
420,040,355 j
3,425,895
9,772,519
7,983,286
3,063,000
i_.
•' —i-Lj:
6,245,657
,
7,184,133
:
+ 21.6
25,645,000
*
Utah—Ogden
Hills
2,641,570'
'
185,785,362
17.5
+
+ 13.3
98,231,149
>124,368,973
+ 26.2
•
; 17. S. Oovt. securities: .>.•*:
6,724,415
+ 25.8
140,907,191
293,418,677
'Portland
and
+13.4
124,466,000
yy 32,258,000
4,322,000
loans :l.-
71,339,4?) (V
2,731,178
'
'
1627719,000
+ 16.7
©re.—Eugene
Industrial
203,444,699
+ 19.6
+ 31.4
10,853,946
Discounts
4,333,827
'/
6,903,454
—11.9
11,471,000 V
4,091,919
341,074,247
12,733,221
Ilia.—Boise
Total* gold ctf,
Other, cash, -
+1)1.6 V
3,283,881
7,812,272
+ 47.8
17,617,619
1,319,497,699
,
-—
F.
85,435,035
383,22."$
'
-
:
f
7,944*527
t
+58.5
43,914,818 i
1,306,119,167
lor
|
185,654
v
280,210
4,470,954
3.3
42,340,120
0.2
+ 26.7
{
■
'
? :
P
'"'""+23.0
Twelfth Federal Reserve
Dlstrlet—Ban Fraaelsew—
Redemption fund
;
1;y+24.5^
-y
■--•y-i 't-r'^":'
+16.7
—
56,728,824
'ill
Bash.—Belllngham •
'
5
2,519,762
209,482
40.3
+33.8
+
»
81,419,546
.
230,690,864
7,903,680
+ 17.8
56,424,351
128,984,887
+ 113.4
319,678
4,977,627
:
•
v
+36.7
1,424,563,793
2,783,075
23,695,995
V
|
196,562,053"
196,749,257
;
+ 14.2
7
3,806,522
4,130,747
if7,500,000
Texarkana
;,
c"
+33.0
.
66,456,392
2,941,523
124,768,152
;;t;
.,.'132,802
,,
?;?■$ 4,432,133 y;
.
101,341,971
+ 11.3
1.9
29.1
+
+ 23.5
i
•
448,534
"
1
15,071,000
Kn.—Shreveport
Assets-- yy
:6,426,49:*
5^1? iV'-z-s
53.1
+
830,728
488,202,245
(In
l",
+ 10.6
+
66,224,690
Port Arthur
# Wichita Falls
i
1,026,380
4,597,681
1:1+20.5
r
283,414
.
26,024,375 y'0i'1+13.4
55,412.590
i
\
.■
.
—28.2
+19.3
12,113,814
v
Ban
1,297,832
y
y-Vy.- +61.6
193,544,355
.1. 5,928,318
+32.3
1 + 2,776,134
24,344,766
485,227,565
Worth
Can
.1,139,181
1,447,713
1
+17,2'
•
619,641,179
2,171,155-
2,871,395
60,345,019
19,904,499
.
1,140,548
:
5,2787199 .:£■>)'*+18.1
y.
+ 18.4
+ 58.3
+
757,613,382
8,370,187
614,824,139
Houston
-
H-:
ty;;;
District—Dallas—
Oalveston
'
3,782,826
1,331,175.-+54.2
233,282,239
+ 18.9
34,4447067
,
11,994,101
V
'
1,688,842,192
Beventh Federal Reservt
.<r; Berkeley-..
2,772,058
+22.6
2,339,627
+ 32.0
726,426,128
-
-
?
.+ 61.9
v
3,390,0691
285,049,526
5,202,929
Beaumont —
| DallaS raamaMamWaMu
| XI Paso
j Salt Lake City
Hrlx.—Phoenix
44,059,897
2,052,770 y
+ 51.0
1,780,178,011
y||
1,398,259
6,521,301
_
.-i:.:
48,071,197
3,520,946i;
+ 29.8
31,419,771
,
__
+14.6
4,317,924
+ 15.7
1,026,152
61,470,135
: v
Yakima
136,256,9.56
6,2337342
12,372,267
:
•
50,136,816
2,350,521,359
+ 41.0
5,366,725
____
Seattle
3,870,32O<
135,193,124
+ 13.5
43,336,705
16,059,793
%
-21.4
866,584,248
Vexaa—Austin
?.
3,676,817
+21.5
1.4
+
;
•
962,151
....—
| Total (15 cities)
'
+ 43.6
'
Fueblo
I
12,330,051
2,397,432
1,213,304
.
——^
Denver
Ft.
•"*, 17,710,567
40,78l7702
33,249,281
*—
_
[
-'I
+33.6
+ 85.5
2273
17,972,839
...ii—^
i
+ 27.4
1+ 32.4
2,203,801
+ 10.8
+
1,356,292
Carthage ^
©Ma.—Tulsa _____—T
Ctolo.—Colorado Springs
1
f
.13,371,138
27,002,477
4,088,891
22.0
953,969
j* Bt. Joseph
17.035,658
35,761,536
-
1-v
-
.
15,8877750>.
352,089,775
"
Wichita
i
1,043,953
7' yyyyr:';-;
;
19,4227434
,—.
«ane.—Manhattan
—
467453,942!
■I'-'l':
7.1
31,225,179
5,393,000
4,384,375
+ 37.8
-
Rf©.—Joplln
city
537224,928
•
5,468,000
+ 61.5
;
1,156,815
^-i+Vv■•+
: f•,
% Kansas
+15.3
;
District—Kansas City—
_________
Topeka,
393,151,274
4,976;936
1
28.6
+
799,822,967
__
:
,
+
4,889,863
18,766,594
384,991
7vS*rsonSf
m
;
3,740,946
131,771,434
y+14.6
''
y+57.2
621,796
Omaha
i
5,539,217
1,102,440,845
•Feb.—Fremont
,
$
+ 28.9
+ 327.5
22,901,438
(16 Cities)
Tenth Federal Reserve
'.
434,949
—„
4,996,648
160,117,000
+ 42.5
+
+ 26.2
V + 60.4
5,580,861
12,259,602
V
6,288,160
'
*
—
LeWistOWn
1943
$
'
+ 39.0
1,000,381
+17.3
1,859,007
•
1944
or
Dec. %
+ 19.9
5,072,781,
8.0
—
;■
8,708,982
.
Inc.
4.546,512
1,289,368
35,792,792
49.5
1+17.0
.
®'«P^A^eFdeen
Bioux
s
31,599,809
5,434,192
+ 46.2
+
—417,700
" ,1 16,554,213
14,154,404
^ 2,219,000
„
.
2,477,000
w„,,,v:;;• 2,117,571 ' •
1,805,813
_
Grand Forks
icinot
+ 16.6
+ 14.9
+ 17.2
2,074,588
—
__
1945
$
1,192,261,968
37,881,361
1,657.532,664
6,481,053
453,473,473
+ 42.8
.14,842,068
534,741,762
781,835,602
-
Rochester
I
«t. Paul
V .Wlnona
Fergus Falls
W. D.—Fargo
1946
or
Dec. %
'
$
17,396,984
Minneapolis
1
-Week Ended March 9
Inc.
1945
1946
or
Dec. %
'
ll"
:i.i-'
t
■■
■
1-
Corporate emissions for the month of February, 1946,
aggregated $311,351,311, an increase of $67,227,257 over
January, 1946, and $120,244,021-over" February, 1945.
The total for the first two months of 1946 of
Co.
$555,475,365
also greater by $41,397,372 over the figures reported
for the like period of 1945.
Of the February, 1946 fig¬
$47,088,901 or 15.1% was for new money", and $264,262,410 or 84.9% was for refunding purposes.
A fea¬
ures
month's financing
of the
ture
the
was
stock
numerous
36, the largest of which only totaled
$6,000,006.
v
;
Natural
Below
■
.
of
we
1944
uary,
SUMMARY
■■■■
Of!
CORPORATE
present
".////■■K'W'ii.---.*
tl945-
Refunding
New Capital
:,
-■
-
$
'
,
v .*,,
-
"t
X, X
/-'
44,070,931
278,899,772
311,351,311
28,925,290
162,182,000'
295,766,014
V.
141,067,908
736,847,786
S»
98,346,215
103.534,713
146,844,872
339,563,928
486,408,800
Laird, Bissell & Meeds; W. C. Langley & Co.;, Lee
son
Corp.; Lehman Brothers;" Laurence M. Marks
McDonald & Co.; Mellon Securities Corp.; Merrill
1°8,100,665
184,500,006
189,591.294
225,707,162
Pierce, Fenner & Beane; Merrill, Turben &
politan St. Louis Co.; "Minsch, Monell &
80,003408
131,400,691
531,607,859
62,615,780
'/ i
t1;
i
"/'■'
148,990,455
100 923 035
555,122,202),
367 086 226
" *76,399,341;
656,045,237
.
526 446,349
36.115,868
80.437*43$
3Q.398.283
1,262,929,011
148,913,492
382,694,367
402,703.191 1,738,141,514 2,140,844,705
295,758,364
722,258,295 1,018,016,659
.
261,635,283 1,001,293,728
/
211,613,966
749,921,243
961,535,209
157,252,988
./'
214,580,801
107,244,173
338,267,743
705,440,793
445,511,916
105,572,951
143,408,034
248,980,985
810,260,915
30,208,620
407.643,920
437,851,540
193,109,384
708,303,942
901,413,326
104,820,122
________
57,327,813.
'
&
Third quarter
423,678*201 1,793,629*779 2,217,308,040;
v:
"i. <
*:??<"; ;V ;> **-'
\>
826,381,452,
'')
'j
Offered
3*531,771,2934,358,152,745^^48pt67,748 1,43^56^^37 1,919*42^9^5
--./
Co.;
Pacific RR.
I
-
60,276,071
...
December
Fourth., quarter—..—.
Twelve months
'
337,040,911
164,293,287
755.450,265
364,959,844
136,738.437
618,835,452
26,565,747
,
136,614,813;
338,394,097
20,434,385
938,931,050
116,304,052
501,334,198
438^198*380 l,427f520»628 i;865,719,0Q8
:'
672,482,693 2,504,095,838 3,176,578,531
'
:
.
*
Treasury Financing in February
,
A-1945,
Treasury on Jan. 21 announced
Treasury Certificates of Indebted¬
ness of Series
B-l947, on an exchange basis, par for par,
to holders of Treasury Certificates of Indebtedness
of
Series A-1946, which matured on Feb. 1, 1946.
$4,952,949,000 of the outstanding $5,043,467,000 of the Series A1946 certificates were exchanged in this
way.
The Secretary of the
Treasury on Feb. 18 announced
an
offering of %% Certificates ot Indebtedness of Series
C-1947 in exchange for
Treasury Certificates of Indebt¬
edness of Series B-1946,
maturing March 1, 1946.
The
Secretary also stated that approximately $1,000,000,000
of the maturing certificates would be retired on cash
"
redemption. 1
The Secretary of the Treasury announced
1946,
about 1,92%
/pa ted
Feb. 14
3
Jan
10
Jan
17
Jan
24
Jan
31
Jan
1
Ctfs.
Jan
1
U.
Jan
Depositary Bonds.
UNITED STATES TREASURY
Date
FINANCING DURING
Amount
Offered
Due
Dated
Savings
bds.
24
Jan
3
Jan
4
Jan
10
f 91 days
2,259,444,000
1,302,898 ,000
*0.375
99.906
II
Jan
7
91
days."
18
Jan
24
91
days
2,016,155,000
1,316,791 ,000
92
1
Ctfs.
1
U.
of
1,316,466,000
indebt.
Savings
S.
Tax
Total
for
Total
Antic'n
4,027,000
-
Jan
31
91 days
2,025,044,000
1,315,717 ,000
17
Jan
1
1 year
3,323,194,000
3,323,194 ,000 100
Jan 1-31 Jan
Jan 1-31 Jan
12 years
r'J-''
X'
.
♦INTRA-GOVERNMENT
%
'/'■/-•:
100
2
??/■/
301,781 200 100
301,781,200
b
10,441 ,500
-
a
/
/;
for
January.....^.
807,835,178
2,093,928,634
" y„\.
.
FINANCING
Net Issued
Retired
Issued
:
$
,X:'
13,550,000 r
Certtffcates/:yi2:r- '■
Notes
.
•
44,493,000 Union.
Feb. 1,
for January.^
;
x58,950,000
72,50B*000
747,327,000
—
_
Total
for
34,025,000
760,877,000
713,302,00.0
106,525,000
10,000,000!.
263,06Qf,000
.
654,352,000
'
w4W4
v*
241,925,000
31,135,000
241,925,000-
1,033,937,0.00
Total for two mopths-H-
10,000,000
21,135,000
273,060,000
February
vm.vm
137,660,000
owiico
.
■
i/cibiiibavco
cinu
896,277,000
uiiiuaccc
nut-eft,
,
"•
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,.,
CiYil
Service
Retirement
Fund,
Foreign Service
Retirement Fund,
.
Savings
System,
Government
Life
Railroad Retirement Fund, Postal
Insurance
•"#*
..?/
National Service/
Life -Insurance
Fund,
Federal
Deposit Insurance
Corporation,
and
Federal Savings fc Loan Insurance Corporation.
xNet retired. '+ v
!
11,158,574,456
-
Fund,
^
'*!
i
,
1
Feb
Feb
91 days
91
1,928,073,000
1,314,673,000
1,987,760,000
1,309,003,000
99.005+ *0.375
8
Feb
Feb
15
Feb
91 days
2,037,113,000
1,301,118,000
99.905+ *0.375
Feb
21
Feb
92 days
2,005,866,000
1,316,466,000
99.904 + *0.375
Jan
21
Feb
1 year
4,952,949,000
622,403,078
give complete details of the capital flofa-(
tions during February including every issue of any kind,
brought out in that month,
' r
v
,
Feb
Feb 1-28 Feb
1
days
Feb 1-28 Feb
12 years
2 years
622,403,078
180,952,100
a
4,027,000
100
4,027,000
Feb 1-28 Feb
Total
for
February
Total
for
two
180,952,1QQ 1QQ
__
series,, of
which
ity,
are
a
2
fky
b
Details of New Capital Flotations
During February, 1946
series
E
have
a
10-year
Comprised of three
maturity, are sold
:
•'
.
-
T
•
„
'
\
Long-Term Bonds and Notes
(Issues
-
^
sepa-.
on
Maturing Later Than Five Years)
"
'
$18,000,000 Boston & Maine RR.
sold on a discount basis, at 74, and yield 2.53%; and series O
July
1,
1960.
.
1st mtge. 4% bonds series RR due
Purpose,
payment, of
indebtedness,
etc.
•
have
a
12-year maturity, are sold at 100, and bear 2Va% interest,
p Comprised of separate issues, designated Treasury notes of tax serlea.
."'/•'"v
RAILROADS
a
and yield 2.90%; series F have a 12-year matur¬
"
.
j
Pricei
I
103.
Masoh^ Morah'Si "Co.;" A. E. Hasten
Purchased from RFC and offered by Morgan
Stanley & Cq., Dick & Merle-Smith, Blyth & Co.,
Inc.,
Co.;
Pacific
Co. of California;
Patterson, Copeland &
Park-Shaughpessy
Kendall, Inc.; Perrin, West
Pacific
RR.
30-year
debenture" bonds, dwi
Purpose, refunding.
Price, 108 V2 and idt*
Halsey, Stuart At Co., Jnc.;. AHisqa-Williama,
Co^ Amesh Emerich/^At: Co., Inc.;. Geo*^.Q, Applegate;
Arnhold and S. Bleichroeder, Inc.; Atwill and Co.; A. E.
Aub. At. Co.; Auchincloss, Parker At Redpath; Baker, Weeks
Ac Harden; Ballou, Adams Ac Co., Inc.; The Bankers Bond
Co., Inc.; Barrow, Leary Ac Co.; Jack M. Bass Ac Co.;
Baum,
BernheJmer Co.; Bear, Stearns, At Co.;. Biddle,
Whelen At Co.; Bingham; Sheldon Ac4 Co.; Bioren &. Co.L
Blair Ac Co.,
In:.;
Boettcher Ac Co.; Bosworth, Chanute,
Loughridge Ac Co.; H. F. Boynton Ac Co., Inc.; Burr Ac Co.,
Inc.; Frank B. pahn Ac; Co.;-Caldwell Phillips Co.j.C. F.„
Cassell, At Co.; Central National Corp.;- City , Securities
Corp.; Clayton Securities Corp.; Coffin Ac Burr, Inc.; C. C.
Collings Ac Co.,;Inc.; Cooley Ac Co.; Courts Ac Co.; S. K.
Cunningham Ac Co., Inc.; Davenport Ac Co.; Davis, Skaggs
Ac Co.; R, L. Day At Co.; Dempsey Ac Co.; R. S. Dickson^
Ac
Co.,
Inc.;
John M. Douglas;
R. J. Edwards, Inc.;
Clement A. Evans Ac Co., Inc.; Ferris Ac Co., Inc.; Field,Richards Ac Co.; First California Co.; The First Cleveland
Corp.:
The First Trust Co. of Lincoln, Neb.; Foster Si
Marshall; Graham, Parsons Ac Co.; Green, Ellis Ac Anderson; Greenman Ac Cook, Inc.; Gregory Ac Son. Inc.; J. B.:
Hanauer At Co.; Hannahs, Ballin Ac Lee; Harley, Haydon >
At Co., Inc.; Harris, Hail Ac Co., Inc.; . Carter H. Harrison"
1976.
by
Ac Co.; Robert Hawkins Ac Co., Inc.; Hill: Ac Ccu; Kenneth
B. Hiil ,Ac Co.; Hirsch Ac Co.; Investment Corp. of Norfolk; •
I Johnson, Lane, Space Ac Co., Inc.; Edward D. Jones Ac Co.;
Kalman Ac Co., Inc.; Kean,' Taylor Ac -Co.;. Thomas Kemp
'v; Ac Co.; A. M. Kidder* Ac Co..;, Kinsley Ac. Adams;, Laird,'
Bissell. Ac Meeds; W. C. Langley Ac Co.; Leedy, Wheeler
Ac Co.; Loewi & Co,.; Laurence.M. Marks Ac Co.; Martin,
Burns Ac Corbett, Inc.; Marx Ac Co.; Mason-Hagan, Inc.?1
.'-C:Mason, Moran Ac Co.; Morris Mather Ac Co. ; Wm. J.
> • ;T
Mericka At Co.,' Inc.; Merrill Lynch,
Pierce, Fenner Ac;
Beane; Metropolitan St. Louis Co.,*:E. We- Ac
C. Miller
;
& Co.; The.Milwaukee Co.; Minsch, Monell Ac Co.; Moore,
Leonard Ac Lynch; Mullaney, Ross Ac Co.; Nashville Secur*)
ities Co.; The National Company of Omaha; Newburger Ac
'
~
Hano; E, M. Newton Ac Co,; Alfred O'Gara,At Co.; Otis*
Ac Co.; Pacific Northwest Co.;
Park-Shapgthjiessy. Ac Co.;
jyi''
1
£
•
✓
;
22,160,165.634
'Average rate .on a bank discoimt basis,
rate
:V
'•C?
1
-JiJ—^^^i^/11,001,591,178^
months
discount basis at 75,
99.905+ *0.375
'St
we
4,952,949,000 100
19-12 yrs.
Below
&
Co.;
Offered
Canal Zone Retirement Fund, Alaska
n ir"''
Total
'
>
"'January---:''';. ?'•
99.905 + *0.375
a
10,441,500
2 years
-
959,559 756
■■■
.
■'
.
/
;lt
.
months— 22,160,165,634 20,066,237,000
two
ftp /
99.905+ *0.375
Dec
959,559,756
180,952,100
11,001,591,178 10,193,756,000
•
_
4,027,000
180,952,100
notes
February...—
■
for
453,000
Q22,T03*07i
622,403,078
Depositary bonds
Feb
^
4,952,949,000
bds,
Feb
-
.
:
1,316,013,000
4,952,949,000
bills
day Treas.
28
Co.;
Peters, ^Writer^- AB^ChiisteiwieiiiVr'lhC'f-Wm. E. Pollock & Co., Inc.; Rauscher, Pierce Si Co., Inc.;
Reinhoidt & Gardner; Reynolds & Co.; Daniel F. Rice
nnd Cd;; RiterCo.; Rotan/ Mosle At Moreland;- L. F.
Rothschild & Co.; SchoeDkopf. Hutton A: Pomeroy, Inc.;
Schwabacher & Co.; Scott, Horner & Mason Inc.; Season-;
good & Mayer; Robert Showers; Sills, Mintonr & Co., Inc.;
I. M.
Simon Ac Co.; Singer, Deane & Scribner; Smith,
Moore Ac Co.; Starkweather & Co.; Stifel, Nicolaus Si Co.J;
Stix Ac Co.; Walter Stokes Ac Co.; Thomas Ac,Co.; Townsend, Dabney Ac-Tyson; H. C. Wainwright Ac Co.; Watkins,
Morrow
Ac Co.; Weil Ac Arnold;
Welsh, Davis-and Co.;
Wertheim Si
Co,;
Wheelock Ac Cummins, Inc.; White,
Hattier
Ac Sanford;
Harold E. Wood Ac Co.; Woodard-.
Eiwood At Co.; F. J. Wright At Co.; Wurts, Dulles, At Co.;
F. S. Yantis At Co., Inc.; YarnaJl At Co., and. Clayton
Securities Corp.
1,301,118,000
Feb
&
Co.; Morris Mather St Co.; McMaster,.. Hutchinson
Wm. J. Mericka Ac Co.,"Inc.; E. W. At R. C. Miller
Si Co.; The Milwaukee Company; Moore, Leonani <to Lynchj
Mullaney, Ross & Co.; Nashville Securities Co.; Newburger
&
Hano; E.
M. 'Newton & Co.;
Alfred O'Gara & Co-J
As' /Winblowv >^Inc;{'-
1,309,003,000
Treas.
Marx
Greenman
Ac
Otis
1,314,673,000
1,309,003,000
1,301,118,000
day
Feb
99.905 + *0.375
25
10-12 yrs.
V
9,8.72,481,000., 1,286,093,456
bills
day Treas.
Cleveland
Ac Co.;
Co.;
301,78l;200
1,314,673,000
99.905 + *0.375
Jan
1
,
959,559,756
bills
91
First
Anderson;
Inc.;
2,487,000
6,757,000
1,309,645,000
1,310,034,000
1,315,717,000
3.323,194,000
10,441,500
301,781,200
Certificates.
Yield
Price
Jan
Jan 1-31 Jan1
-
■h
1,316,060 ,000
2,005,255,000... 1,312,132 ,000
Jan
*
.
February—
Accepted
2,904,956,000
91 days
/
V
5,0~67~000
10,441,500
Notes
Dec
1,302,898,000
1,310,993,000
iW
11,158,574,45.6
1946
Amount
Applied for
indebt.—
of
S.
1,316,791,000
1,315,717,000
3,323,194,000
959,559,756
/
Indebtedness
Refunding
91. day. Treas.. bills
91
7
21
Total
J
1,316,060,000
1,312,132,000
bills
bills
Treas. bills
Treas. bills
Treas. bills
for, January^,
1946—
$10,193,756,000 was used to pay off maturing obligations.
We now present our usual tabulation:
New
-
Si
Tptal
,;V
By these operations the Treasury Department sold
exchanged $11,001,591,178 of its securities of which
1,302,898,000
Treas.
Depositary bonds.
Tax Antic'n notes
Jan
3% bonds.
or
&
>
Accepted
Treas.
day
day
91 day
91 day
91 day
91
Feb
'C - Outside of the above the Treasury Department in Feb¬
ruary confined its operations to the usual weekly sales
of Treasury hills, Savings Bonds, Tax Anticipation Notes
and
91
Jan
Feb
called for redemption on. that date. These is¬
sues are the 3yg% Treasury bonds of 1946-49 and the
3%
Treasury bonds of 1946-48.
There are now outstanding
$818,627,000 of the 3%% bonds and $1,035,873,400 of the
.
■
Feb; 14
are
Total Amount
Type of
Security
*
Emerich & Co., Inc.; Geo.. G, Applegate;
S, Bleichroeder,
Inc.; C. S. Ashmun Co.;
Co.; Auohincloss, Parker & Redpath; The
&
Corp.; Foster & Marshall; Graham,
Granbery, Marache & Lord; Green, Ehis
& Cook, Inc.; Greenway Si Co.;
Gregory 8e Son, Inc.; J. B. Hanauer Si Co.; Harris, Hall
Si Co., Inc.; Carter M. Harrison & Co.; Robert Hawkins
Si Co., Inc.; Hill & Co.; Kenneth B. Hill & Co.;. Hirsch
& Co,;
Edward D. Jones & Co.; Thomas Kemp At Co.;
Kinsley & Adams; Loewi & Co.; Martin, Burns & Corbett,
The
Parsons
USE OF FUNDS
Feb
on
that the bonds of two outstanding issues which may be
redeemed at the option of. the United States on June 15,
Series A earn
series C-1945, series C-1946 and series C-1947.
% year and series c, about 1.0? ft.
and
Aub
_
tRevised.
The Secretary of the
the offering of 7/s%
E.
:V'::/i;Bahkersy-,Boad/\Cq^^Tnc,;y:/B^rret^/>-Yih^i/4B.i Co^-lnc.;
Barrow, Leary & Co.; Jack M. Bass & Co.; Bioren & Co.;
Blair & Co,, Inc.; Boettcher and Co.; Bosworth, Chanute,
Loughridge. & Co.; H. F. Boynton" &" Co,," Bt.C.; J. C*
Bradford
&
Co.;
Braun,
Monroe
and Co.;, Stockton,
Broome & Co.; Burr Si Co., Inc.; Caldwell Phillips Co.;
Central National Corp.; Central Republic Co., Inc.; City
Securities Corp.';
Julien Collins & Co.; Courts & Co.;
S.
K.
Cunningham & Co., Inc.; Davis, Skuggs & Co.;
Dempsey & Co..; Dittmar & Co.; John M. Douglas; Francis
I. duPont Si Co.; Elkins, Morris & Co.; Clement A. Evan?
& Coi'Inc^ Field, Richard? & Cd^ ; First California Co.;
-/
1831614,945 1,073>533,601 1,257,148,546
1,264,579,832 4,959,291,921 6,223,871,753
...
A.
F,
1st mtge. bonds, 23/i%, series
1, 1996, Purpose^•retunding,.„Price»i lQd and intHalsey, Stuart & Co., Inc.; Allison-Williams
Ames;
Arnhold
November,
1,202,560,112
101,548,627
161,824,698
213,629,022
Co.;
Higgin,-
Kirkpatrick-Pettis
by
;
October———^,.',.:..*
Co.;
Co,
50,00p,000 Southern
due Jan.
Nine months.—
&
Peabody
Kidder,
& Co,;
Lynch,
Co.; Metro¬
Co.; Morgan
Stanley & Co.; F. S. Moseley & Co.; Maynard H. Mvuch
&
Co.;" Newhard, Cook & Co.; The Ohio Co.; Pacific
Northwest Co.; Paine, Webber, Jackson & Curtis; Phelps,
Fenn
&
Co.;
Putnam & Co.; The Robinson-Humphrey
Co.; E. H. Rollins & Sons, Inc.; Salomon Bros. & Hutzler;
Scott & Stringfellow; Chas. W. Scranton & Co.; Shields
&
Co.; Smith, Barney 8s Co.; William R. Staats Co.;
Stein Bros. & Boyce; Stone As Webster Securities. Corp.:
Stroud
it
Co., Inc.;
Swiss American Corp.; Tucker,
Anthony & Co.; Union Securities Corp.p G. H. Walker
& Co.; Weeden & Co., Inc.; White, Weld Ar Co.; Whiting,
Week® & Stubbs; The Wisconsin Co., and Deaa Witter
-v
.
DillQnv Read. <Sj Co.,
Drexel & Co.; Eastman,
Equitable Securities Corpl;
Estabrook &, Co.; Fahey, Clark & Co.; The First. Boston
Corp.1;, GJwe, Forgau & Co.; Glover As MacGregor, > Inc.;
Goldman, Sachs & CO.; ' Hallgarten .& , CO.; Harrimau
Ripley & Co., Inc.; Ira Haupt & Co.; Hayden, Miller &
Co.; Heller, Bruce & CO.; Hemphill, Noyes & Co.; Henry
Herman & Co,; Hill,. Richards & Co.; J. J. R Hilliard
& Soiii J. A. 'Hogle & Co.THornblower" & Weeks; W. R, ;
Huttqn & Co.; The Illinois Company J;1 Johnson, Lane,
Space & Co., Inc.; Johnston; Lemon "As Co.; Kalman As,Co.,
160,961,995
.i-V..
Six months.———
August—
•eptember
-
'-^1;
.V
Inc..;
45,455,742
877,915,694
———
/. '
Co.,
176,456,350
'
Second quarter—.
^
&
$
191,107,290
363,837,701
June——
X;
Dickson
137,683,000
322,970,703
159 360 123
April
May—U—
.
R.
$
244,124,054
First quarter--.——.
''Vxvi'./v.
S.
Inc.;
X'
r* \
Blyth & Co.,
38,773,350
J
112,954,001
264,262,410
68,071,687
"*
&.,Co.; A. G.'
Brown <fe Sons;
Smith;
*
47,088,901
February
Kraus; Bateman, Eichler
William Blair & Co.;
Inc.;
Co.,
Inc.;
Dominick & Dominick;
'/' Dillon & Co.; Elworthy & Co.;
Total
Refundlng
&
Inc.;. Alex.
j
New Capital
1st
Butcher & Sherrqed^ Coffin &
Burr, Inc.; Cooley & Co.; J. M. Dain & Co.; Davenport
& Co.; Davies & Mejia; R. L. Day & Co.; Dick & Merle-
f
1944
Total
131,170,053
JanUM*----.—
Becker
-U944-
Refunding
.
Bacon,
Inc.;
Ball,' Burge k
Revisions Ui the 1946 CU1U. 1945 fig¬
of Uie -LiJIU and
-
.
interest.
Co.,
mtge. 2%% series S bonds,
refunding. Price, 101 Va an^l
Loeb & Co.;: A. P- Allyn, &
Whipple & Co.; Baker, Watts & Co.;
Pacific RR.
1, 1966.
Purpose,
Offered by Kuhn,
Jan.
due
licviaiuus
■ :
and
• >.>
Inc.
50,000,000 Southern
may
FIGURES RY MONTHS »■ 1946, 1945 AND
Total
'
-
be necessary, particularly as additional private
ncine1 is broueht to light.
/
<
v
"
financing is brought to lieht
ures
-■
950,000 Chicago, St, Paul, Minneapolis- & Omaha Ry. ;1
equip-;
ment trust certificates,-due
1947-1956. Purpose, purchase
of
equipment.
Priced Tto/;yield from 0.80% - to 1,45%,
according, to. maturity." -Offered' by Halsey, Stuart'
Co.,
;
Jan¬
tabulation of figures since
a
corporate financing.
-1940.
New Capital
Gas
showing the different monthly amounts of
The
principal issues of the month were two issues of
$50,000,000 each by the Southern Pacific RR. and one of
$44,493,000 by the Union Pacific RR.
There also was
placed during the month $45,000,000 Cities -Service Oil
/
*
&. Co.,
Kidder,
Peabody &
Co.,-.Lazaret.Frerea
Whiting. Weeks & Stubbs; -v/r <-.-«'*•
and
$25,000,000 1st mortgage pipeline
Pipeline Co. of America.
Issues
placed privately in February comprised 10 separate is¬
sues
aggregating $88,391,375, or 28.4% of the total. This
compares with $29,500,000 or 12.1% so placed in January.
Municipal for February totaled $79,922,850, of which
$56,922,350 was for new money and $23,000,500 was for
refunding. The February total compares with $71,343,748 for January and $14,703,091 for February, 1944.
was
issues aggregating
debentures
bonds
rrrw-nr-n Wf
'ztftwto
Volume 163
iafc-
Number 4473
.'
Copeland & Kendall, Inc.;
Chrlstensen,; Inc.;
Phillips, * Schmertz
'
■:■■
Hi
:
&
Co.;
Co., Inc.; Reinhqldt &
&
E.
H.
L.
P.
Rollins
Sons,
Rothschild
kopf,
Peters,
Writer
&
Hutton
&
Gardner;. Daniel F,
Inc.;
Co;;
Rice* &
Rotanpr-Mosle
Schmidt,
-
& a Pomeroy,;
&
Poole;&
Inc.;
'
•
& *' Co;;
Wm.'i, E.
&': ,Co,jv Inc.; R.-Wl Pressprich 8c, Co.}, Putnam
The Ranson-Davidson Co.,: Inc.;* Rauscher, Pierce
Pollock
i^p^^u'^olders. f
Co.f
i
&
Co.;
.:.i-iVf'.yi^vAV<;■-"■
i£j- :v
:
Waggoner^4 F,i;S. lYa'nti^ 8c .p0.,flhc.,
$163,443,000
'
cumulative
.(.f
'
'
:
,
n
each.
Offered
-
stock
(par..$25),
constituent
Offeredto
Purpose,
.
Paper
OTHER
44,072
unit of
per
share
one
each.
of
,
2,500,000
Standard
Milling Co.
debentures, due Feb,
3Vj%
Du^ Bosquq ic Co.
sinking fund
acquisition of
tive
1,
1961.
Purposeof,,Standard .Milling Co. .(Del.), purchase &c. of
machinery,; > Price, 103. and int.? Offered by
Stone &
Webster Securities Corp.; Blyth & Co., Inc.;
Glore, Forgan. & ] Co,;.Ladehburg,,;Thalmaon j&; Co!.; Lee
Higginson fCorp.f and Paine,
reduction
inally
;
additional
<
preferred
:■
,
of
bank
(par
,
$100).
Offered
to
149,883
shares,
institutional
Corp.
but
y
*
to
decline
in} earnings
subscriptions.
subsjeribefs; were! permitted to iwithh
of, 55 members'-was headed iby Lehman Brother? and.Glore, vFprgap
;
1
-V-
vT)
/•
•
*9,500,000 Houston
Oil
Co.
debentures, due
99 Va
Life
'
-
i
•
1
of
Texas
Placed
;5-
1,
common stock (par $VV
refunding
($1,532,500),
reacquiring
common
($267,500).
Price, $6 per share,
Offered by Van
Alstyne, Noel & Co. and Cohu & Torrey..
;!
"V
-
'
;
;tv
-v.,v
•)
2.85% ^ sinking
Purpose,
refunding.
—
•O'--!-..
*.-
fund
■»
r
.
•*''
•;*
.
f
;• '
^
*\
:
companies through Dillon, Read & Co., inc.
$79,500,000
stocks of
no
"
Y
:
PUBLIC UTILITIES
♦$250,000 Central Telephone Co. 5,000 shares of $2.50 cumulative
preferred ^tock rtpar, $50>. • Purpose, refunding.;
Placed;
privately through. Paine, Webber, Jacksoq &. Curtis.
$105
for
OTHER
Purpose, refunding. Price,
Offered in exchange for 7%
INDUSTRIAL
Corp.
AND
shares
Purpose, refunding.
Price,
Van Alsfyne, Noel & Co..
by
stock
?
|
purchase
Offered
of
equipment,
tools,
and
cumulative
by
Smith,
$107
preferred
Barney
Offered in
stock.
&
Co.,
The
etc.
Mills
Corp.; 50,000
of
W
stock
common
$14
share.
per
*
y
shares
share.
SV^o
,
f.
|
1,500,000 Carpenter
preferred
and
.
Paper
stock
Co.
(par
V.y ■ /v™
15,000
$100).
shares
Purpose,
$10
■
of
-
210,000
company,
by
convertible
!
share
shares
Loughridge & Co.;- Rauspheiv Pierce
Potter &
Co;;> The Ranson-Davidsbn Co.,
City
Co.
of
Omaha;,
.
Buffet
& -Co.;
&.
Inc.;
John
Lawrence Brlncker & Co,; Greenw6y & Co.,
C.
Dinsmore..
Co.;
&
Co.;
Harriman
Ripley
National
Corp.;
Julien
preferred
additions,
,M.
.Douglas;
and Eugene
fered
'
stock
(par
$100)..
Purpose,,
(par
.
$10).,
expenditures,
Purpose,
.
Co,; Maynard.H.
Murch &
Curtis;
Co.;
&
Sons; The
Firsi.
\
'I,'
,'
$3i:: per
&
Riter:&
L.
Co.;
Co.;
Corp.
20,000
shares
reduction; of [bank; loan.
Brown
& Sons; Hayden, Miller & Co.; G. H.
Co.; Bateman, Eichler & Co.;
Elworthy & Co,;
Johnstpri, .Lemon. & Co.; Laird,. Bissell & Meeds;
Evans
;
Hagan,
&
Humphrey
Stillman,:
Co.,
Inc.;
Inc.;
Pacific
Co.,
The NFirst,, Cleveland
Co.
of
Corp.;
California; The
and Wagenseller & Durst, Inc.
Mason-;
&
Co.; Inc.;
'
A. M. Kidder &
Allen C. Ewing & Co.,
X
'
Co.
4,000 shares of
P|r share., Orig*
' 7
;
shares oL common stock
share.
Offered by Paine,
10,200
$37y2 per
8c Curtis.
,
common Stock (par
share! • Originated with Hornblower
$34 per
of common
Offered by
capital .stock.
Price,; $12.50,
Lindsay & Curr Co.
Price, $35. pe^ share.
stock.
Parker &
common
Offered by
Priced
&
-
of
common
^
Steel Corp.
Price,
Securities Corp.
1,000,Q0Q Western
shares
Offered by George D. B.
Co., Inc.
stock '(par
Mellon
11,000;
Corp. 3,000 shares of class A stock
Price, ,$& per share* Offered by Edward R.
Cyclops
$1),
265,010 Universal
Sold (o
of
Products
(par,$!)..
Purpose^
Share.
per
New Vork brokerage firm.
a
•
of
'
,
Bonbrigh^ 8c Co.t
>
$43,615,324
10,249
$257/#
shares
per. share.
of common
Offered
*$1,133,500 Standard
tive
't
>
Oil
Co,
(Ohio)
preferred stock
^
r*
v
k
}
.
*
,V->
per share.
_
^
\
A
I'
cumula¬
♦Indicates issues placed
Purpose,
.
expendi¬
tlndicates special offerings.
capital
privately*
Placed privately.
cJ'X
1
4 ' A'*'?
'
v'r'
'
INVESTMENT TRUSTS, i-TRADING,
HOLDING, ETC,^
1
$1,819,000 Graham-Newman
(no,
par).
shares,
$100
Corp^ 14,496 shares s of : capital stock
Purpose,
general [investment.
Pricer; 5,000
per, share; 40 shares^ $125 per share; 9,956
shares at.market
to
-
'-T
■
'
.
(approximately) $132
stockholders
(9,956 shares).-:
(5,040
•
shares),
'
per
share.
to. public.; by
-■
.
In
"•
-
*
'
;
.5,992,987 State., Street
V
f'-y.;*;'-vA.
!.
Robinson-
$7,811,987
>
'•
•
••
•.
Offered
company
Vv-'i
'I!-V
Investment
stock.
Purpose,
Offered
for
,
Corp.; 109,212 shares of capital
investments. L! Price;.' net,: asset; value,
subscription
to
stockholders;
\
comprehensive
tables on the
the February
and; the two months' figures with those
for the corresponding periods in the four
years preceding,
thus affording a rfive
year comparison.
next two pages we compare
•
';-■■■
the
'
by
Maryland RR. lsi mtge. 4s, due Oct. 1, 1952.
yield about1 2.30%;
Offered by Bear, Stearns
to
Co.
shares of 3%%
(par $100).
tures^- Price„ $106.65
,f' >rt>
11,335
,
,
20,911,793,
.
Weeks;
Alex.
V
,
15,000 Surgitube
Paine,
F.. Rothschild
"
*250,000 Whiting
&
Walker &
■
r
^
,
share.
Langley & Co.; E.-H. Rollins & Sons, Inc.;
White,
Co,; Equitable Securities Corp.; W- D. Gradison
& Co.; McDonald & Co.;
Reynolds & Co.; Boettcher and
Maynard &' Co.;- Benj.; D.. Bartlett & Co.; Clement:: A.
Price,
385,000 Sibley,
Webber, Jackson
&!.Co;; Shields
Co.^ Stein Bros. 8c Boyce; Tucker,. Anthony 8c. Co.;
H. Walker & Co.; Lean Witter &
Co., and Yarnalj
G.
Securities
C.
Weld
'
Price.
-
stock
refunding ($2,115,378), capital.
($1,508,119). '
1'*
■
Creek Precision Corp. 12,000'; shares
(par- 40c ).
Price, $3.25, pey: shajre.
J. F,' Reilly 8c Co.
.
Price. $102! per- share,, Of¬
Co., Inc.;.,A. G. Becker & Co.y
&
Corp.; Blyth: Sc. Co,, Inq.;
Eastman, Dillon & Co.; Goldman, Sachs &
Co.; Harriman
Ripley & Co., Inc.; Kidder, Peabody &
Co.;, Lee Higginson
Corp.;
Lehman Brothers; Smith, '
Barney & Co.; Stone
& Webster.Securities Corp.; A. C.
Allyn and Co., Inc.;"
Paul H. Davis & Co,;.
Glore, Forgan & Co.; Harris, Hall
& Co., Inc.; Hemphill,
Noyes <fe Co.; Hornblower &
W.
r
etc.
Jackson
39,000 Silver
improvement?,* etc;
■
&
Smith,
by. Union
*
Dempsey & Co.; Hirsch & Co.;
M.. Freeman
Sachs & Co.
Corp.; Graham. Parsons & Co.; Hayden, Stone
Co.; Hemphill, Noyes & Co.; Hornblower &
Weeks;
W- E.Hutton & Co.; Kidder,. Peabody <St vCo,;! W. C.
Langley & Co.; Laurence M. Marks & Co.; Merrill, Turben
&
Offeref fqr.. subscription^- by stockholders, ■ • "
3,623,497 Cincinnati iMiliing; Machine Co. .116,887 shares- of,
common;
stock
.'
A.
Leedy,
6,588,663*-Sears, Roebuck & Co. ,151,90a shares of capital stock (no
par).
Price,.. $43,375 pey share.
Offered by Goldman,
share.
Offered
?
/ ' 8c Weeks.
cumu*
investment,
&
V
123,795 Cherry Rivet ;Co-- 41,265 shares of commpn.- stock,
(par,
V..
$1).
Purpose, expansion, working capital.
Price, $3 per
•:
K' «4
Manufacturing ,C«, 20,952] shires
stock (par $2.50).
Price, $17'/a per share.
Mellon Securities Corp,
*
V,
Collins
'
!'4
372,160 Rockwell
f
by■ Dillon, Read &
Inc.; Blyth & Co.,vInc;;. Alex;: Brown
Bacon,
Inc.;
Inc.;
.V,'7.*
Co.;
:
lative
Co., Inc;; Lee
Barney & Co.; Harris, Hall &
Whipple & Co.; Central Republic Co.,
&
Co.; Paul H. Davis & Co., and
Kebbon, McCormick & Co. ' '
^
Higginson
Co.,
Clement
Co.;
&
28,000 shares of common stockj(par $5).
Price,
share.
Offered by Burr & Co.,. Inc.; Stroud &
J.) Newberry
par).
Price,
$25 L
<
Air
Boston
Forgan
■
7404x000 PiHsbpry Mills, Inc.. 11,000-shares*of-
>:-
-
6,00^C06, (Universal Pictures; Co., Inc,' 69,000; shares of ^yi %
Burns,
4,000,000 Cherry-Bnrrell Corp. 40,000 shares of 4% cumulative
pre,; ferred stock (par..$100); Purpose, "refunding
:($1-354;9QQ)4
plant expansion, etc. ($2,645,100). 1
Price,; $103 per share
and div.
Offered by The
Illinois-Co.; Blyth &' Co.,"! Inc.;
Glore,
(no
56,750 shares of class A stock,
working capital, .etc.
Price, $5 per
foiled by, EdwardiRij Packer v& tCo.^; Inc.
States
George, F,; Breen.
Offered
nute,
: Of
>'■
-
stock;
Originated with
The Robinson-Humphrey
Stockton Broome <& Co.
Du^Bosque 8c Co,
Webber,
Conditioning Corp. 150,000 shares of
stock (par 10d)..
Purpose, purchase of premises,
working capital, etc.
Price, $4.50 per share. Offered by.
Co.
20,900 shares of common stock
Purpose,
expansion,;-etc.
Price,; $40:75 per
by KirkpatrickrPettis Co.;
Bosworth, Cha-!
v
382,500 (j.
common
851,675 Carpenter, Paper
$1).
...O..
Corp.
Purpose,
'/
common
1,975,360 National MalUnson Fabrics Corp. 123,460:: shares of cap¬
ital stock
(par $1).
Price, $16 per share.
Offered by
Laird, Bissell & Meeds; Smith, Barney & Co.; Hornblower
& Weeks; Van Alstyne, Noel & Co.; Paul H. Davis & Co.;
R. S. Dickson & Co.,: Inc.; Stein Bros, 8c Boyce; Tifft
Brothers; Schirmer, Atherton & Co.; White & Co., and
Hepdricks* & (Eastwood, Inc.
Co.;
..-v-r/;-;'.-'
Starkweather
bv
•
100.000.shares of 55 cents cumulative
Purpose, working capital..Price*,
div.
Offered for subscription to com¬
Products
$1).
675,000 United
-
(par
:■■■■;'
(paf
by Kirkpatrick-Pettis Co.; Burns, Potter &
Co.;
The
National Co.
of
Omaha; Buffet,& Co,; John M.
Douglas; Lawrence Blinker & Co.;
Greenway & Co., and
EEugene C. Dinsmore.
7
-
..
7221,000 Minneapolis>-HoneyweH
Regulator, Co.
qdmmon!. Stock (par
\ Price,? $55#i
Inatediwith Dominick & Dominick,,.
(par $8)^
and
M.
Co.;
and
per
Inc.;
Co.,
unsubscribed shares
(46,123)
offered
Dempsey & Co.; Hirsch & Co.; A. M;;
Co.,. and Freeman* & Co.;:, ;;:
&
283,750 Surgitube
4V2Vo
preferred)
share.
share
'
^
McBee Co.
$7.50
stockholders;
Burr
Kidder ?&
refunding. ($1,000,-
expansion,
etc.
($500,000). Price, $105 per
div.
Offered (10,OQO. shares; in
exchange for
stock
per
mon
4 <7c
Offered
div.
& Co.,
Inc.;
i ''30i;W ,V Wheeler & Co., and
T'
Offered
stcriing Engine Co.
.,,
{!<>•; 6,000 shares ;of 4% % cumu¬
preferred stock (par $100).
Price,, $103 per sha^e
lative
Co,
preferred
■*,-
<
.
Dressei*'Industrie?, inc.- 25,000shares of
(par 50c.).
Price, $307/8 per share.
Paine, Webber, Jackson & Curtis. !
Boston
common;
shajre|. Sbl^ -to J,j C, Beaven. arid. Wjn.i C, .Engel.
:
800,000
per
Inc.;
'600,000."Florida Public Utilities
*82,875 Standard Milling Co. (111.) 7,500. shares of common stock
(par ;$D.
Purpose, working, : capital.7 Price, $11.05 peri
V,.,
preferred
$100).
Purpose; corporate purposes.
Price,;
share and div..
Placed, privately
with certain
institutions, corporations and funds through Kidder. Pekbody & Co.
000),
Riter &
<
(par
Offered
.
..
s
of
&
Weeks, ;
t791,409
shares
First
Parker &
Redpath;. Stroud
Co., Inc.; Janney & Co.,; an|
Co.,
8c
and
Delaware
per
-
A. E. Masten
exchange
Unexchanged
and
\;-.7
8c Co,
:
by The'.Milwaukee Co.-
share.
per
•.
.
1,101,188 Discount Corp. of New York 5,199 shares of capital Stock
'
(par $100).
Price, $212 per share.
Offered by Union
Securities Corp.; Lee Higginson Corp., and Hornblower &
'
business
working capital, etc. Price, $12.50
by Stone & Webster Securities Corp.;
Blyth & Co., Inc.; Glore, Fprgan, & Co.;. Ladenburg, Thai-,
mann' ,6c Co,i
Le$ Higginson Coip,; Paine, Webber, Jackson;
& Curtis; Central
Republic Co., Inc.; Coffin & Burr, Inc.';
Harris, Hall;& Co., Inc;;! Hemphill,; Noyes & Cof ; Horn-v
blower & Weeks; F. S. Moseley & Co,;: The Wisconsin
Co.;
Bosworth; Chanute, Loughridge & Co.; The Illinois Co.;
Kebbon, McCormick & Co.; Mitchum, Tully & Co., and
of
(par
$100
''
^~
4,468,750 ,Standai-d;. Milling, Co. (II!..) 357,500 shares of
stock (par $1).
Purpose,, acquisition of milling
MANUFACTURING
43,386
$1).
•5,000,000 Burlington
;v
■'-J
,
.
$607,404 Buffalo Bolt
v
% ,;V.
■
Auchincloss,
Evans
(par $100)..
$5,250,000
..
share
per
$5
offered
$101.50 per: share and div'.
and 6%
preferred stock. Underwritten by W. C. Langley
Co.; Union Securities Corp.; Hemphill, Noyes & Co.;
Hornblower & Weeks; Paine, Webber, Jackson e&
Curtis;
Blair & Co.. Inc.; Quail As Co,.,7:Metropolitan St; Louis Co.;
Maynard H. Murch & Co., and Priester &,Co.
■
'j.'
v-*>.'V
•
Battles
Corp.
&
c
^
5,305,200- (A. E;) Staley Manufacturing Co. 50,00d shates of-cumun
lative preference stock, $3.75 series (no par).
Purpose,
refunding ($4,981,739), general purposes ($323,461). Price,
5,000,000 Iowa Powtf A; Light Co. 50,000 shares :of 3.30'/^
cumiila-,
|
i
)
"
Offered
by
Merrill: Lynch,; Pierce,
Fenner &
Beane;
^1! Butcher & Sherrerd; Drexel & Co.; Harriman Ripley &
:
-SCo., Inc.; Smith, Barney ;& Co.; Biddle, * Whelen & Co.;
the
40^).
(par $10)^
Purpose,
Price,.$19 per share.
,5?,
tive preferred stock
offered
as
■
•
'
|
*r<
i
bankers
same
Corp; 70,000 shares of common
Purpose, working capital. Price, .$3.25
Offered by J. F. Reilly & Co.
(par
share.
per
,7
■
by
*
.
Durst, Inc.
190,OOOiSmit^ Engineering Woj[ks 10,000 .shares of Capital stock;
stated .par. value are« taken at par, while
pre¬
par value and all classes of common stock are
computed at their offering, prices.)
Offered
X
2,060,000. Commonwealth Title Co. of Philadelphia 20,000 shares of
4%
preferred stock, (par $100).
Price, $103 per share.-
,
Creek ' Precision
stock
j I:STOCKS
.
a
share.
per
227,500 Silver
;"vv
CPreferred stocks of
ferred
$34,
preferred fctock .(see above).
•
Price,
■'
13,090;Reliance. Electric & Engineering Co. 385 shares of com'mop : stock, !(paf $5).
Purpose,? working capital. , price>
-
^indebtedness, ! Place,duprivatelyi-with thsdrancq
pay
Financing
Corp. 20,000 shares of capital stock_ (par
$24% per share.
Originated with Goldman,
Oil
7
share and div. Offered by Hayden, Miller & Co.; Hawley,
Shepard & Co.; McDonald & Co.; Maynard H. Murch '&
Co.; MerriU,,Turben & po.*,
an^ purtiss, Ho^^e .&i Co
Co. of America 1st; mtge. pipeline
trust bondsK 2.60^; serieSi'jdue lOes.f ^rl
and collateral
'
.y.*- -
Price,
'X '
;
t
refunding.; ($8,027), construction lof mew .buildings, pur,chase of machinery, etc.t ($1,491,973)7 ; Price; $51.75 pej"
,
_
">■
!:!!
!„
.
^
*25,000,000 Natural Gas .Pipeline
pose.
!;
1,500,0Q()vRelianee, Electric; & Engineering. Cou! 30,000:, shares of
"
$2,10; .'convertiblel preferred,; stock (par- $50)- Purpose,
Boston
privately with Northwestern Mutual
' '
*
''
<_
"V'V
.'U'-v
.»;.■• •
First
'
20-year
1966.
The
■
i
-
Jan.
Insurance Co.
•<>*.
.
int.
and
through
-
-
■':
'!'
Brothers; Smith, Barney & Co.; Stone & Webster SecurV- ities- Corp.; A. C. Allyn & Co., Inc.; Paul H. Davis & Co1 ,
Glore, Forgan 8c Co.;: Harris, Hall :& Co., Inc.; Hemphill,
Noyes & Co.; Hornblower & Weeks; W. C. Langley & Co.;
E. H.,iRollins 8c Sons Inc.; White, Weld, & Co.; Equitable
*
n Securities
Corp.; W. D. Gradison & Co.; McDonald" & Co.;
Reynolds.8c Co.;: Boettcher and Co.; Alex: Brown & Sons;
'£ Hayden, Miller & Co.; G.. H.'-Walker .& Co.; Bateman,
'V;
Eichler & Co.; Elworthy 8c Co.; Johnston, Lemon & Co.;
Laird, Bissell & Meeds; Stillman, Maynard & Co.; Benj. D.
Bartlett &.Co.; Clement A. Evans & Co.jf Inc.; The First
% Cleveland Corp.; Mason-Hagan, Inc.; Pacific Co. of Cali¬
fornia; The Robinson-Humphrey Co., and Wagenseller 8c
The; underwriting group
stock
investors
•
Cincinnati* Milling Machine Co. 113,113 shares of common
stock i(par $10).
Price, $31 per share.
Offered by Union
Securities Corp.; Blyth & Co., Inc.; Eastman, Dillon &
Co.; Goldman, Sachs & Co.; Harriman Ripley & Co., Inc..
Kidder,
Peabody & Co.; Lee Higginson Corp.; Lehman
3,506,503
■*,
(Orig-
owing
-
viX/P'r
!'
Purpose;'
:
Xj *
^
1,800,000;Regal Shoe Co. 300,000 shares of
OIL
with
.Charles
by
500,000 Canadian National Rys, 4>/a% bonds, due Feb. 1, 1956.
,1 .
Priced to yield 1.85%.
Offered by Wood, Gundy & Co.,
I
Webj?er, Jackson & Curtis.:
*$45,000,000 Cities Service. OH Co, (Del.) ;2%% sinking, fund, deben¬
tures, due, 1966.1 Purpose, .frefundihgj^Piafeed j
privately)
Offered
/Sachs.& Co,}
Purpose,
stockholders.
1, 1946. Pur($18,280,000).
R.( Dunn, fiscal agent,
Issues Not Representing New
$5),.
consolidated
.825%
Banks
dated March 1, 1946, due Dec.
; ($20,060,000),
new monqy
par.
f$495,000 Barnsdall
-
3,60series
loans.
offered
company
draw:
$3,500,000
Credit
Intermediate
"
..
stock
*
business
*
Price,
;
IndV
Co. 70,000 shares of -common stock (par:.- $5),Purpose,, acquisition of .plant i facilitiest etc.; Price, i'$7.50
per share,
Offered by ;Burr & Cp., Inc.; Stroud!Co,V
Inq.; Dempseyy & Go.; Hirsch
A^M.» Ki^der!;% Co.;
M.iM.t, Freeman; & Co., Inq,i Allen C. Ewing ,&:JCo„ an^i
'
-
Issue
Agency
refunding
pose,
New i York.:
1,^54,30D Philip Morris-A Co., Ltd., Inc. 19,543 shares Of cumula»
15-year
(111.)
Government
and
debentures,
}
Offered
by Newburger d? Hano, and. Kobbe, Gearhart & Co^
♦$1,000,000 Fort Waype Corrugated] Paper; Co. 15-year,,31 notes;
payable semi-annually,. 1949-1961.
Purpose,; purchase of
stock of constituent,
company., Placed privately ,with four
;
insurance companies.
'
-
■
Loan
$38,340,000 Federal
Corp.
60,000 , shares of,;. 6%
cumulative
preferred stock;,(par!$5) and;:60,000%shares
common': stock; (par,Jlop).
Purpose,; augmejat working
Price, $5
;
of ; com-
shares
per
525,000* McBee
INDUSTRIAL -AND. MANUFACTURING
-j,-f,:!'-";
$1,197,5001 .*■-
E.| H. < Rolliiis &, Sons!
capital.
and
Kobbe,. Gearhar^ & Co., Inc.
-
;
Farm
Co.
,
;
Glelch -Co.
D.
90,000 shares
of common
refunding ($61,462), modern¬
Price, $5 per share. Offered
Corp.
Purpose,
($388,538).
by Newburger &, Hano;
invest¬
$10). * Purpose,
working
capital,
etc.
share. Offered to stockholders; unsubscribed shares <9,122.)
;'offpred-; bylf
of
cumulative
shares of
50<),
company.;
1
,$5,900,000
7,....
'convertible
.
to
40,000 share? of 60«l
stock (par $5) and 40,000
Stores
(par $1).
izing stores, etc.
300,000 General» Panel
;;
Dare
stock
,
Gas & Electric Co, 2Mi%
1st mtge;:. bonds, due
1, 1976; Purpose,; refunding '.($4,078,000)!!, expansion',
($422,O00K Pricet l02j25 and.toterestt .toi'yield 2.39
Offered b^-Harris, .Kail &(Co; <Inc.), The^MilwaukeeiCOn
and Drexel & Co..
'f7-V
Price,
(par
stock
common
,,,
'
Price, $25 per
stockholders;
unsubscribed
-
170,000:, shares of common
provide
equipment
and
$1,75
per
share.
Offered by
Corp;
Purpose,
/
preferred
450,000 Virginia
by
(par
$16.50
Freight!
$1)»
Furpose,
general corporate
v'v); purposes^ Pricej $11.^5 per ,unlt 'of one share oi
•
/"■
offered by First Colohy Corp.; Childs, Jeffries & Thorndike; vine.; Clayton Securities Corp.,',.and Minot, Kendall
& Co., Inc*
'
,(
-
.,
purpose^
of
■
Corrugated
stock
mon
,
divi
Wayne
Price,
etc.
•
share
one
shares! c^fere<f.!by<)E.l H^RolUhs $c'!sonSfti
<14,741 ).\
«•
727,188 Fort
Jan.
;
of
preferred
share iand
|
r-
4,500,000 Madison
r
';!
by Kobbe, Gearhart & Co., Inc.,
Co.
ment, fn; stock ;of
UTILITIES,
(
dividend
•
,
1
!
•
unit
per
&
MISCELLANEOUS
Air;
(par
■
working ;capital.
1,101,800tFort^Wayne, iJofrugatecI.Fapeij <?o? 44fQj2 shares of >4y»%
♦$1,400,000 Florida Public Utilities. Co. 1st mtge. bonds, 3 Vtfo ^series
^ .
v
due 1975. Purpose, refunding ($1,280,000);. enlarging plant
v
($12O,00C). Price, ; 101. ; Placed privately.'with an institu¬
tional investor,
1 r>
j,.
i ,7
7
•
XISWf?W?SitS»'
-^0,
m&vDonald Voung & Co.:
3450,000 Princess /Shops, Inc.
Corp. 44,000, shares 30c: cumulative
and 44,000 shares .of common
Purpose, general, cbrporate
Treat
Amos
,
,
j
!
l20,00()
preferred stock; (par $5)
stock'-(pat
Price, $6.75
.an^ {.yajnall &;'C0j.
*
.
PUBLIC
1
_
m
Co.;. Webster & Gibson'; Weil
Arnold;' Wertheim &
■"""■'!;
Co.; Wheeloqk & Cummins, Inc.; White, jHattier &r San; ,^:iford;. Harold. E. .Wood
& .,Co.; ..Woodarcfc-Elwood:. & -Co.;:
F. J. Wright & Co.;Wurts, Dulles &
Co.; Wyatt, Neal &
stock
Engineering
297,000-Eastern
Wainwrighj.
&
$297,500 Hoosier
:} $$$
one share each.
Offered
and NewbUrger & Hano.
,
,
-
Shares ^f 6%; con¬
vertible preferred stock .(par $5) and 120,000 shares of
common stock (par 10(0)1
Purpose, purchase of building,
machinery, working capital, etc.
Price, $5 per unit of
v,
Townsend,.
-
:
,,;v-
f
plant
600,000! Consolidftted Industries^ Ino;
Schoell-
Schwabacher
Thomas H.' Temple & Co.);: Thomas &
;Co.;
Dabney &.Tyson; iWachob-Bendor Corp.; H.SC.
-H-h
SifKissaaiiSitJ
"WP
;t|,'>*t' M.4|WV<M
1471
v:;'V i:''-
,
80,750 shares of common stock
enlargement, working capital.
Offered for subscription, to stock-
Co,
(pari $1)."( Purpose,
Moreland;
Co.;
Biscpit
80.7,500 Consolidated
Price! $10.per sharei
Scott,..Horner 8c Mason, Inc.;' Chas.-W-.; Scranton & Co.;
Sills, Mintoo & Co.,(-Inc.; Smith, Moorq.& Co.;. StarkT
weather &. Co.;
Stern Brothers; & ;Co.; ;Stifel,v. Nicolaus
& Co., Inc.; Stix & !Co.; Walter Stokes &
Co.;rSutro "8c Co.;
;v';'va',
'
i
E COMMERCIAL & FINANCIAL CHRONICLE
Patterson,
;
'
j**1 •• ?- }p r
'
1,30 , 0 13,950
T1:"—'•"~r-;;~■■*'-'~V►,.9216833,180937542.ITu^p4i~**i,O[|)7':—•.—•_8->502400592357,,3884126690,61}.GFtUSof^iPeOQMvhrtandpbaoulnglgmmeanrucoicsdbpfylsesFVYOMEBAUISTH'XV;1/";:"'1v■r9*9-■44-—531.t..XRCNeoafutpndwlg$:1-7,68025i.
TIUFNCSSONOHGOPREHAEUAEFWPTID RCNReCToTNafeuaeopfnoupWidtntitwadalglll9tg'$■$--<*••;'•%$>./,\101^792.,551J63.40?,—069825,890OuPPi—.:_:■t
Refundig$'$- V162.493,0 58,0
CAHANRCDTE
Capit l 950,0 542,00
.4
37:*•"■-i._ 90'2464,87101 lS6~,2<80>_—56.95,30 0172.2,9915 Sbatonedyis ":7■v1-;946
v
■
New
!eM"tcComstok-ni. corpae"ItnemrvoG *MTcrwGdaXu Auniccp.alt—Stes,SPotsaei_ns. ffdiingunculroodesset • 1MOFEOBRNUFATHYBNootaensd-s util—esi_eccootpa,lr,,manufctres—- acesori-.indmaanuufsncttrirgd—l —, bueitlcd.—n—gs, .,_,htteroralutdcisn,g,Mis:celanous NBootaensd-s utiles eccootpa.lr,, manuft aces—ori inmdaanuufsncttrridgl bueildtncgs, httrroeauldtscing,,Miscelan.o_us *:1 utiles ccoopaerl,t,. manuf acesori indamuansnutfrcd_tlrig bueildtcn.g-s, thtrroeaulddstiicnngg,,,Misce:lanou.s V'./:v■. lutilies cceooptal,,manufctr.es :oi.indamuasnnturfdctlrig "b1:~fuHeildtJcn.g-s,'X":2 tthrruoaeldsdticnng.g,,,M:iiscvelanous csoerpcuriatte
toal ♦These
*
•
Long-Term Railroads Public Irsoten,l, Equipment Maotnords
•
Grand
Total Can dian "mraF
%
f/
'
*
United
5
Other Land,
Oil
Ship ing Investmn
Total
Short-Tem Railroads Public Equipment Maontodrs
ste l,
Iron,
Other Land, Rub er
Oil
Ship ing Investmn
Total
Stocks—
Railroads ste l, Equipment and
„_
Public Iron, Motors Other Land, Rub er Ship ing
Oil
Investmn
Total
Total—:' Ra:ilroads Public Equipment Maotnords Other
Irson,l,
te
Land, Rub er
Ship ing Investm n
Total
v
—
9,382,0 90, 0 58,6 0 56,095 0
Refundi g 9,382,0
$
-1943
-1943
214,570
•
■-
New
'■:>
".
i".'-
^yjVsp-.}
'
V-7
j>'
Refundi g 172,0 0 63.V2 .i5
Capit l -$ 7,680, 0 2,50,0 1,0 ,0
New
2,798,0 "*150, 0
14,280
-
.
''-A<V:.
f.
Yb
'rui
V"
"
-7
'
-Total $ 10, 5 0
'• '
'
148,70 40 , 0 32,0 0 40, 0
-194
.
Refundi g$ 0(7, 0 40 ,0 0 18,0 0
5,10 , 0
Capitl ' 74,850, 0 2795,8 4,23,245
r
p;,
■
35,278903 12,70
New
'<
7'
U
,L
J'
14.28,0
-
.
90,468345 -10,5 148,70 40 , 0. V. 67,294r5 50,13890 4570 ,0 15,;0 0
"Tv-.f
.'.
-.
j
:«
18,92 15 45,0 0 : 63,92 15 147,80 ;,40 0 0 37,29 15 45760, 5,10,0
10,4 0 74,850
147,*8
g;7
172,0
—
'$B
-
New '
4
.
7,680, 0 2,50 , 0 1,0 ,0 V'-n,v 2,798,0 150,•0 i:V.
~
—
•-i/'.r 35,2945 10,3890 45,0 0
15,0 0 246,950
.
Capit l 10,5 0, 90,0 13,50 0 40, 0
5,230, 0 39,5760 7,290
236.09,15
10,389107;
-194 •$
9,3820 ?
■
37,41835 5,230 75,236503 20, .0
246,950 1'806,W,4,23,245
1,30 , 0
7-
.
' ,7-
'
-Totfr
V- 5,702,0 ®li38^0
1,0 ,0
"- ^7
J.
J.
14,280 50,437432 64,58432
Capit l $''V:14,28,0
Refundi g io o'bo 5,702 0: 17380, 0 1730 ,0 9,382,0
.
V£*<}i-NJ
'•-
*.■
»
— 10,4 0
■■
"7-,-
'i-.:
90-,0
26,53910 10,5 0 29;^0 230 5b,13890
A-.
16,40 23 10,3890
,v
\
;-i
7
FMUiSapntlocebds.A'%y■:;*2E8B. 73^5524217,9,640y184*068-935.£r
MEFNODTHiS
487., ONCFITUSTMEOSNRNEOWHPHAIFDWERADES
FGFLAMOOFTUVIRNEEOAWHRCINGMBPRNEGLT,
bSfPomFGraQttOruoaoenbvhuiclgdiiygepennadmclstfessy. V?:"■V
Total
$
$
-1945
426,(540.3 52,3~74o5 10,5923 25,0 ,0
514,0793 tl7.3860 23,58 0 135,9458
Refundi g:'$• 38,5930 32,"72^47 25,0 ,0
41,08 72 .17,3860 213,40 30,89650
^
-
Capit l
$
New
Total
•
43,287,0 19,~649~28 10,5923
72,9621 10,750 105,380
•
-1945
Refundi g 302, 058 7^489*,07 4,52674
37,2164 '"*y•-7 ; 49,60, 0 25,91250 453,0891
*
Capit l 14,607,412 75^61,401 8,13541
$
178,25.94 19,025 0 125,34.098 32.68052
New
v
-T
'7_*"^-
,
■.
.
7,60 , 0
451,6.30
.
•V
TV:r
it><-.■-';,. ■
408,359 0
^
:.
5,0 ,0 „:•,•. 19,324 0
-.JT
.
.i'c
241,5730 137,40 49,324 0
_ 473 2,0 8,398,27
7v
■
4,90 , 0 2,50 , 0 43,2870
8,398,27 32,7 472
26,932,493 1, 75,0 1,601,728 29.70,21 26,9570 1,30, 0 34,52493 17 5,0 V o .o o 4,10,728
" ••.
■
Total
$
■i
170,3 0 10,7 0 -1,0 30,2950 104,5 0
316,80
'
*'
*t
-
70,31590 36,450 10,46 8 1,3 50 7,81 ,987 12,3580 238,6735 170,31 0 81.07,590 37,450 130;,75948 15,83 50 781,987 12,3580
:
t
:
;.
-V.
-1946
Refundi g 162,4930 10,580 25,04958 104,5 0
-
h
Capit l -8 7,820, 0 542,0
CHAR TE
SUM ARY
4,3 2,0
Refundi gS&■ 241,5730 132,470 30, 0
Capit l 26,9570 1,30, 0
, 5,0 ,0 . 46,256, 93 1. 75,0 10, 0, 0
1, 75^0 9.23 ,0
62,431,693 268,51430>38, 0 0
87W"'"/-■ 3,56 93 12,50,0
/^
:
New
AGRONUPDIN
►7
9,23 ,0 2,50 , 0
268.514,30 13,80 37,60 0
$
5 ,47536 68,95,0 15.26,598 75.26,93
;
COORPFATE,
$.
18,2093
316,80 0 146^05480 92,6185
$
-1946
7830918204,,9,.5743065
Total
New
V;
302,58
1,0 ,0 5,245, 12
14,607412
'
.
^
''A
49,32840 21,759 71
rv•
M''"'- V
>- V-
75,0'1■823 162,4930 59,486 0 46,80915 104,50
3,92785 ■:»-
".■£
~
3,927,852
.
21,043,190 36,450 78,04917 1,3 50 7,81,987 8,307,948 163,51 42 7,820, 0 21.58 190 37,450 83,950329 1,3 ,50 ^'81 798 '8,307,948
43778v,2,25y1694
DaCorp te— omestic*—• 'Long-term Short-em Prefred Com on Candi — Long-term Short-em Prefred Com on Long-term Short-em Prefred Com on Candian Loan ♦Municpal United
Total
2
*
:
Other
Other Farm
Grand
♦These
vV':
FME2ONENDTB8HS. vp•*,£ bonaontedss. -- stoc—k stock--.\v>;r?bonds'anoteds - stock stockforeign-bonanodte-dss stoc-k stock_.•/ ;corpateGovernmtforge:o^viegrnmntGoaagvncdie,sS&tate—.s,,SPotsaeeisn toal— ifdnfiugnculoordesest FE2NED8B. NBooantdes utileseccotopa.rl,,manufct1es ories,inmdaaununsftcrtdrilg bueildt—ncgs, httroerauldtscin.g,, NBooantdes util—eseccotopa.l,,:manufctres —oiesindamuansnutfrcdtrlig bueildtcng.s, tthrroauelddsticinng.g,,, t^ 7'V""■- utiles„. cceooptal,,manufctres oiindaumasnunftrctidrigl—:bu'eildtncg.s,1—-■ yS7hipng'4—.1.-8:tthrruoaeldsdtiicnngg,,,''■-.t/r; —_utiles.,ecctocop.-ae^lr,,,manufrs aceso—ri_inmdaaunnsuftrcdtrlig *bueildt.ncrg^sT,st httroraeulddtsciinn*gg,,,;—sL.- scecourrapti-^a.te—
MONTHS Long-Term
2
Railroads Public Irsoten,l, Equipment Maontodrs Other
^tnemsvI Miscelanous Short-Tem Railroads ste l,Equipment and
Total
Land^
Public Iron, Motors Other Land,
Total—'. Railrods ste l, Equipment and
Sto■cks
Ship ingInvestmn Miscelanous R'ailroads ste l, Equipment and oil. . LRu™b er Investmn Miscelanous
Total
Public Iron, Motors Other Land,
Public Iron, Mot rs Other LandT
Investmn Miscelanous
Total
THE COMMERCIALFINANCIAL:CHRONICLE
1474
"/Mondays March 18,'1946
Per
Foreign Exchange Rales
;
' •■
;
vl
•Pursuant to the;T equirements:of Section; 522 of 'the. tariff1Act' of [ 1930, fthe Federal ?fteierye'Hahkv is»now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfersvin the' different countries of the
world.
We give below a record for the week just passed:
: rVs
FOREIGN? EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY^ UNDER TARIFF ACT OPf 1930
■
■,
>
^.,
8,
TO MARCH
1945
14,
INCLUSIVE 1
1946,
■;;
-
„
,
'
;
,
>
Mar.'9
>■
Argentina, peso—
Australia, ■ pound^ii-i«--.i^—^i4i-—.
Belgium,. franc-^^-t--«--^^-^--«—■: s?
Brazil, cruzeiro—
v .<
:i t(J60602*
■
■:
>
$>.
—'
i
.v-C .997265
f
Free
.9091090
—
r
'
'.208766
"008410
3-18
4-
3-18
4-
3-18
4-'
3-13
,
-
.208766
,
4:033750
4.033750
'
.008410
'.008410
"C008410
.008410
.301215
'4.301215
.205800
205800
.377892
.377892
.301215
fJ301215
/
,
,909090
.909090
'(905000
.205800"
-
',202020
.202620
kroneL-iii---,i^i--ii/^^-w—
'.040501
.040501
.1091324
.091324
Portugal, escudo--—------—+~—
Bpain,. peseta.—i.—i—;——v.'
.233626
Uruguay, pesp—
,
:
,
,
-Controlled—!—-i——ii,/.-1.
,
4.005000-
!'
4 .202020
>(202020
4.040503
^040501
r
.238520
1
•
5c
pfdi (ditar.)
,;238520
i .233626
4
.fe58300*
$658300*
1
1
K,/
f
'\ y
.
-
i
' •'
' • 'j-'« {
s ^
'•*
1
\
,,y 1 '<•'
j"'
<
('»"■ y" \
% 1,1
bi corporsitb -boiids, ^oteu,
Below will' be' Toiihd a list
National Shirt Shops
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or'last* date for mak¬
ing tenders, and the" page number gives the location in
which the details were given in the "Chronicle"
NOTICES
* .562900*
3-.12
1
9-10
of
the
Manhattan
Herald-Traveler
Boston
Co.
(quar.)
'j*
I
Apr 12
Mar 22
Or ;gon
Short Line RR.—
Jonsol.
Bt
1st mtge.
"5%
,
-
,;t
'
:
-
&
°
.
Mfg.
la,,,
i
82824
—Any-time,
1st
:
1st
*a
.
1st
stock-
1149
..Apr 30
t
61
§2636
6%
Co.,
debentures, due 1947
—Apr
,
$68
1
•
e68
'68
•.
>1283
1285
4
1286
1
1286
'
Texas
6%
.
1288
1 ;
1632
1
.
—...j—_>.L..Apr
5
1288
Saguenay Power Co., Ltd. 1st mtge. 4 Vis, ser. A & B—Apr
Scullin Steel Co.,' income bonds' due 'l951__.f——1—JApr
1
1034
1
1034
due
1960——
Southern Natural Gas Co.—;
1st
Gas
due 1956JApr.
series,
llo2
1
Co.-f-;
" V ' :
1
mortgage"; 3V4s,>series 'A, due- 1970—_J-i-CJ«.i.jjApr r i1"'"
1st
'ENTmt ISSIIE8 CALLED
Company and Issue—
r
.
695
A
International
Date
.
f, I Fage
Gas & Electric
Curtis
iVafe
;; ■ J
convertible1 income'" debentures fdue
Northern' Ry1.—
Great
4 Vz%
-
,
j'JJ
■" ■ .;■
Hydro-Electric Bond
Share Corp.—
30-year 5 (i>
1st cbllat: trust bonds,
Jones Estate Corp.—
•
.
20-year
Kresge
4%
Lake
6 %
6 (io
,
.
Department>Stpres;Tnc.—
Shore
■ .■:
■
■
|
<1023
s
1279
.
Gas
1st 'preferred
Co..Met
United
:■
preferred
stock
•
776
.>1156
tlis7
[?1M3
.1285
>
1
>12(86
4-
1
3-11
75c
4-
1
3-30
5-
1
5-
1
4-17
4-
1
3-15*
Lw
citizens Wdter Co.
v'
Twashington,
T/o
prefened (quar.)
Citizens Wholesale Supply
'
'
Pa.)—
l,
Co.—
!6'pj^preferred '(buar.)_— /—ii.
I
4,
-
1290
.
4-
25c
5-15
4-19
75c
4-
1
3-20
>4 $1.50
4-
..
''ST'jpteferred
.
J.J— L*
——
1202
■:>.:/ >$Parti)Gbating.4'44jrft..4nJ—i.-4j-,4444j-j«
; (Commonwealth Lban' Co.
(Iiidianapolis)^
§1030
preferred (quar.)
Commonweklth
320
)036
$2490
v
-
3-15
4-
1
3-15
4-
1
3-15
>
i:
3-31
3-15
A1.37V2
4-
1
3-11
.f $1.50
* $1.75
4-
1
3-11
4-
1
3-11
7-
1
6-14
4-
1
3-15
4-
1
3-15
4-
1
3-15
7-
1
G-15
3-30
3-19
.*
x
( 43%c
fContinfcntai Brink !& Trus(Co-.'(N, Y.) (quar.)
20c
•Continental G}n* Co,, febninton (qtiar.)—4— >■>
50c
•;
^refe?redv<quKK)j;+4jfe^-^^^
77: Vk'Jp preferred (quar.)
4IJ— f\ $1.13
i. Corning Glhss Works, common (N. Y.)
- H 12Vic
1291
PtP
pfd. (quar.)
''.$6 p/eferred.;(quar:)_»^^__.r
*
1 ;$7'preferred (qUar;)^-/-—j———
{Consolidated!^teel Cdrp.,i $1.75"pfdJ |(quar.) :
p
>1203
;
Water Co.. 5V2'A
Commonwealth W<ater & Light Co.—
12862.
3-20
1
$1.25
-
1
'1035
3-20
1
4-
£quai*j)—————————— ' / $1.75
'Columbia-Baking Co.," chmmonL—
vr$i; partlc.fpreferred <(quar.).L—4
,1290
1
4-
75c
25c
75c
$•'; $6 preferred B (quar.)
.
1
$1.75
Walter Works Co.. Vfc 'pfd. (quar.)Colgate-Palmolive-Peef Co. (quar.).*
4$
> -Colonial Ice Do., common (irreg.)——
L.
1290
4-17
4-15
>
151,
87 V2 c
4-
1
3-19
$1.50
4-
i
3-22
40c
4-
1
3-25
40c
4-
1
3-20*
30c
3-30
o
30c
3-30
^Crystal; Ti^ue^Co;- (quar/)^—(J
15c
3-30
3-20
75c
3-15
3- 5
3V2% preferred (quar.)
♦COrroorf AcfReyrjOlds^
*
1036
,
f
7
::$6'x6nv,j Urfferted' :A;,)a)ccum.:)'j-j4-J&-t..-v*
^qliar.) —>—4—J— 4
>
$ 4 7$
•; $1
ciass ;A fdc'Ouml )LitJ44ik.
rii-.
•'
ICteam :of Wheat 'Corp.
1036
■7lCfown>Cprkllhterihatjonal iCotp.r-*
>823
.
1204
Crum & Forster Insurance Shares Corp.—
;
CommonlA (quar.).4
;
Common
>>■ «
1330
4
1
J—
B (quar.)
4—
{Dauibl^ & Fisher Istoies Co. (dUar1.)—j—4
1330
De'Pinna
(A.)
Co.,
Class A—J
....
Ddnnison'Manufacturing Co., Class A tiri*eg.)
$6 convl {prior preferred (extra)———'—
> Dentist's 8upply Co. of New York—
1
,
3-15
3-15
5c
4-
1
3-26
15c
4-
1
3-26
20c
3-20
,7
<:>L'cohyett(ble7pr0fei'red_..L—4^j4+U44j4->>
Delta! ?lect'ric'Co.(—.j—J.
j„_—44r
j. >?■>
fi
•
$
3-
9
1
3-18
4- 1
3-18
4-
60C
v
.$3
j t
$1.75
4-
1
4-1
120c
45M4#
5-
1
4-15
5-
1
4-15
5-
1
'
$37 %c
•
Mich w^how the dividends previously announced, but.
which have not yet been paid.
37V2C
Further details and r6c- | Donohue's,!inc., 6% preferred (quar.)
•i
ord of past dividend payments in many cases are given > Eagle Fire insurance Co. (N. j.) (resumed)
5c
I uhder-the "cofnbany
nBme|in<diir /"General Cor|)6ratten ?j^a$oh iRacing Association_.L '
cpt.|ii|5o_h^feiyed»(frifafj—
$12
item
firt/4
TnTMcfmant iMonro! nkvi1riv«A«('' !in ktb~>r%
nr'aalr
iirVtAM
''East*
and Iiivestnient News1' Department^ 'in ^tihe week when
t Egfy1, Register! Co;.. 5% rM pfd. H 4u|ar.)
: f $1.37 V*
*
^
25c
declared. '•'
'■.-.•'■.—,■ ■■« • .
•{Electrical Products Corp.1 (Cal.)' (quar.)U'— >
>Efelii Natioriai'Watch* Col—
V k •
\
JThe?diVidei5dsf^^sinnounced Khis^Weelc are:
.i ^Distribution? of"one {additional ^snare 'par
Holderi
7 Per ■}7f^hen
yatue |$15 for "each; share Ihfcld -so as tto
—^jApr
1S50-L——J_M&y, 1
■■•■. •-'(•'•>
Apr
1 t
.'. l
4-15
3-30
'P;905
'1286
653
3-16
3-15
3-2
3-20
3-11
4- 5
_
:
3>22
3-28
3-20
3-20
3-11
1
3-21
4-
.
>; 7'7it >1
?■}\lfam¥ojcomi»aiiv i ;/
J'! !
T Aetna i Insurance Co.«(quar.)
LLjJLJiJa.—
Aihsworth Manufactiiring Corp.' (quar.)____
'
Sliare
r
Quarterly
;J'—
> 7
J——i—4-—
Aihalgaihatbd .Bugar^ Qo. Kquar.)v— --J—J—
American[Aggregates' Co^p.., '5%i pfd. Xqurir.)
7
!40c
•■<■>
of Reo.
Payable
U' 1
:^effect1 two-for-6he! sglltitip...j.j.t;
"Elllbtt1 Co.. 'common :(quar.).4.i.L
3(-14
2Uc
plpfetrfed (quar;)j_l.._'.i„L.4—
: rEm'eribn!'EIdtttic «Mfg;,v7#pfd:)'(^tiir.) _ji.
! ■Empire'*j;rust Co..f(N.rY.) i^qurir.)—4—.Jl_
/"Ehdidott" Johhs'on .Corp.;jcomm6n-(quar.)_!—_
n 74% preferredv (qu.ar.).4__+.:i——u_-_—L4_
.{'Equity; Fund,')Inc. ■> fqiiar.,).'
I-
3r21j
14- 5
.;
7- 3
;l0- 5
ft
.
•
9r20
3-15
1
3-;15
'7,25s
>3-30
3-19
Brake-'Shoe 1 Co., (common.!.—.4...
,v
6V4 %.fpfi-eferred JCquar.)— ■——...
$1.71 V-v
: 76c
.^American'Buriiness'Credit, classv A '(quar^)
'.^\Amerlcari'.Eurt>pfiait,fBeburitifs Co.—... t ■;; '••>;;•
:3-30
| American [Bosch1 Corp.'-( reduced),—i.4—....
5c
c4-
$L25
74-
,,v>
"■
American
r3-30
:
—
f $4.50 pfefetred B< (quar,)^J^.'—J.r; 1$lvl2 l/a
> Ameilc&n-JHai)4^' Felt Co., conimon ;(quai*.)
> |12V^c
6% 1st "preferred 7quar. )_.„44^444-U4— '^$1(50
6% 2nd preferred (quar.)..
....->.>$1.50
American
liar aware
Corp.—
.4
«■>■>>■
3-30
3-30
>.
-
s
25c
3-21
ir<
"
3-21
•
3-18
1
4-
1
4-
5
4-
1
'
75c
75c
r7C-
'
3-25
3-15
$2.50
4- 3
25c
3-13
Florence
Stove
(N. Y.)
Co..—
(quar.).
•
:;■>
>.>;•
?
$6
•
4-25
■
3-21
3-20
> :;.4--l '.i r 3-15
4-1 a ;> 3-31
2c4
$20 j
,50c
3-13
4-1-
35c
c.-,.
First'National Bank
3-25
3-30
77- 10c;
{Financial Industrial Fund. Inc.____-._L,
3-22*
4-1
5c
.
3-20
•v
f,
$J.
&!North"'American Railway'- (s-k)
3-20
3-18
3-22
.
>
F
"
;''"4-v 1
75c
>
1
,
3-20
1
4-
j'
1
4-
3-25 :
3-30
4-
^'European
>■
4-
$1.75
3-15
<
:
62,/aC
.
6J20
1 P
!
3-27
25c
.JJ-v
'
{20c
{20c
'
V'7*.*,
>
5l/a& <due
Inc.—
3-15
! t $1.75
1
DIVIDENDS
■
stock—4JJ
mtge.
Bakeries,
1
t^lncreased
.
71027
series'A_'—i-hjMay rl
'
3- 9
4-
j^incirtnaG' & Suburban "Bell Telephone Co.—
.
,
<
>-•
.
3-20
$1«12
i
■
'>■
* ■;,:
s,.>:
,
/
4-15
3-30
1178
1965—r.^JMar 23
junior mortgage bends''due'"13"53——4—Apr
convertible
Langendorf
....
' •
1
4-
israe.['-!%fn-f
Vf;V Qudrtprly' :liJ7-j4L4444j.4jJ.t^i+j4LJ|.i4'' j <
mtge. -gold bonds, series E, * duef 1977—L July l/'47
gen.
3-15
3-30
>$026
J_Apr" 15
J
•
1
4-30
'1278
'
Eversharp, Inc.—
.4-
110c
;
.
'debentures——J—
3-15
4-30
82142
debentures<ldue 4955—--J/Apr .'"'IK
Hosiery ; Miilsj:lhc.f"";7?J>: eonv. pfd. stock—(Apr" 1
Dominion Tar Si Chemical Co.,.-Ltd.,;5Va% pref. stock-1—'Apr '1
Elastic Stop Nut Corp.1 of America—
•
>
» 1
t:
;
5 %
3-15
1
$30c
(>168
Davenport
15-year
1
4-
L-
1153
Corp^, 1%' prior pref. StdckjApr p-l
Co.,' 3%'
Publishing
3-11
4-
37'/aC
4334C
preferred series B (accum.)
preferred A (accum.)
1022
Investment
Trust, Ltd.—
5%
1st collat. trust bonds, seriesrA-_-^—-_u—i-!._Apr K(l>:
Certain-teed Products 'Corp.; 6%J prior? pref-; stock—k-JUn ■ ;1
Chicago Daily News, ."Inc.,'\ 5 % (preferred stack-'rV——>Apr ?T
Columbia Pictures Corp., $2;75: preferred stock—/li__JMar'18
Continental
3- 9
175c
Stocky,
4i„w_T—iApr Pi
Bethlehem Steel Corp.^serial debentures; due' 1946-l952jApr " !■■
Boone County Coal Coip., 6%"preferred stockApr ' l
Butte Electric & power Co., 1st mtge. 5s due 1951—-Any time
Canadian
3-19
3-20
Inc.
"•
preferred
Corp.,
3-15
1
4-
(quar.)-^^-—25c
Central States Electric, 6> pfd C (a'ccum.) "5 37V2c
!
1292
4-
1
1
'
1
3-22
$1.25
Clinton
RR.j|v4% vbld fetock 'trust "etfs.JMa*!'29[
this
3-
1
5-
1290
& Warehousing Corp.—
.
"" ' c
1948
—4.—_._Apr
1
1st mtge. 4V4s, (due
United Gas Corp./ 1st mtge,. & collat. trust 3s due 1962_Apr
Atlas
I ^Anhduhcfement in:
,
1
4-
3-29
77
Wilmington,! 3t Northern
4-
75c
>
City Stores Co.,'cpmmon (increased quar.)_
20c
>4 'Clasrf Aj(ihijriafcedl-4«-—(:*>.• 20c
Mi* ! iClinton;Indusliripsi (initial quar.)—?>', 25c
Collateral trust, 5series notes, series "K" and "L".Apr 15
walwprth [Co./;:6$>'f prsferre^'itbckL-L^-JiJl^i-^^-^P^:^ *
v
)
ft37%c
—
.820
Virginian Corp.—
.•,<■«
.
.
Electric
&
Terminal Refrigerating
■
..
pipe line bonds,3y4,%
mortgage
Southwestern
•
.
1
3-20
'819
,! ,i $4>yfear |"3.Vi% • pebehture bohdsf'aue|Oct/lf 1970-—Apr
1
r35-year 3:Va% debenture bnhds' due May, 1, i971-J'_May
1
v Uriitfed Air LihiS/ Inc./? 4 V*
itjmui: icony, cpfd. .'stock*jApr>:>|>
>Universal Laboratories, Inc.,:'[preferred Istbck—J4—Mir 30
Utica Knitting Co., 5%
class A preferred stock——Apr
1
>308
1
t40c
,
>;'5Vr>participating preferred A Clnitial)J_—
Chiksbrt Tool Co.. 6f/c !c6nvj pfd. ;<quar.)_—»
§1678
July 1, '47
City Rapid Transit Co., 7 %• 2d preferred stock—Apr 20
t
(s-a).
$5
15c
1
Apr
.
j
I
4-11
.
„
3-21
1
1289
gold debentures bonds, series A, due 2022
.
15c
4-
15c
Light Co.—
I'ttiiion-',
'
bonds
Twin
.
Power &
4-15
1
4-15
4-15
7'f/
t
652
3-22
3-22
Chicago, Milwaukee. St. Paul &' Pacific RR.—r>,
784
I:
30
.l!
1st mtge.
1
50c
(s-a)——
fcentral' SteelJ &'Wire' Do.—
'
'
Co.
1
4-
Cehtfal Sbya Co.,
i
V84.
■
4t--|ref4 ihtgq;;]5^ Series A,' due
Broadway Corp., 1st-mtge. income ctfs
Trust
5-
1~4-15
30c
r.$25c
Carrier Corp.,
k>
[ Syracuse Gas Co/ 1st mtge 5% [bonds due l946-,««.-+.Anytime.
rTaihpa GistCo.; 8% vand 7% Fpriferred istocks-*———Apr
Tampa Gas; Co.,; fst mtge., 6Vis and 5s————Apr
1
Taylor-VHiartop' Iron & Stiel' Co.—
■
> ; ^; ■
Collat. trust (now 1st mtge.) 7&% •cUihuUlncJ bonds
77' due 1958 4—
__ii—"Apr 1
(1156
i
1949--.--4^-—^----i.a-:.;Apr-.. 1
International Paper Co., 5%
convertible pfd., stock__Apr
Lincoln-Boyle Ice Co., 1st mtge. 6s, series A_;
_Apr
Northern Indiana Transit, Inc.—
: 1st
and general :'nitge; A%' iniioriie /lidnds,' seflei-^A,
/
?
'-due 1964
^-----i^i-LJAprv
Oklahoma Natural Gas Co., '1st mtge: 2yas due 1961—Apr
Oregon-Washington"RR/'&j Navigation: Co.— - t :
<,
Refunding mtge.:'3%' bonds,yseries''A,>due r96()i—'_/Apr
Patterson (Joseph; M.) & Co.yinc.—
•
:
>
debenture
■„
County
3-20
;4'/^ pref erred (initial50c
Carriers & General Corp. (quar.)—
5c
Centehrjial Flobrlng Mills! Co. (quar.)—
20c
>
f784
fist Ac ref. mtge. 3 % % bonds; series BJ due 1964^/JTUn
Fruit Ac Steamship Corp., $7 pfd. stock
Apr
Stanley Works, 5% preferred stock
May 15
,
6 h>
■
3-23
+$1.75
$1.50 Class A (quar.)———
Capital Administration Co., Ltd.—
945
Standard
i-649
1
,
due '
B,
•
3-20
4-15
t
Canadian1 Silk Products Corp.—r
1288
,
Duluth, Missabe & Iron Range Ry.—
1st mortgage
3 yas- due^ 196^.--^.^—,->;-^..^_^Apr
X:
Gatineau Power Co., lst mtge. " 3(%s, ser. B,' du& i969LApf 1
Helvetia Coal Mining'Co., 1st "riitge. 5s due 1958——Apr
1
Hygrade Food Products Corp.—
; 1st and ref.'tntge.'conv.? 6%
bonds, series A and.
series
•
3-29
i20c
1
; £• $3"preferfed A (quar; )i_/—■■—
'Carolina Power & Light> $5/pfd. ((quar.)j—
l
/stock^.-Apr
7
^
,
1
$1
3-29
3-15
§2187
1
I
(Smith !(Rewardj piper! Milis-'Ltd.; 6% pref.lstock——iMay
(Southeastern Gas; & Water 'Co,—
> ,
'
1st lien collat. trust bonds^ due
1951__j._—i.-/
Apr
i Sbuthern Pacific RR., list mtge. 3%s, ser. B| due 1986-May
'
Southwestern Bell Telephone' Co.— ; • <
,
1153
■
Discount
,
(
. .>
•
& collat. trust fund 4s, series F, due I96l-Apr
Shippers' Car Line Corp., 4
debentures due 1949__—Apr
!
mortgage' 5 V2 % ( Ijottds, series'A——-.i-i'—*—'Apr' i
mortgage15% bonds, series B
Apr
1
mortgage 4^2% boxids, Series C—
L-a—
-*.Apr 1
Commercial
'
.i
,
rSliawinigan Water & Power Co.—
(Sidney)'St Co.,>Ihc.,'7%- preferred stockL^Apr";!1.
Buycrus-Erie Co.,! preferred stock-——
.^.—i/Apr
1
Union 'Terminals: Co.—
Republic: Drill &'Tool Co., xonv.* preferred
Isfr
Page
Blumenthal
Cleveland
1967———/—.—J—*,————.——Apr'
Seattle: Gas-Co.—
•
1291
Date
preferred
Corp.,
Apr
1952-;;^—July
3-20
3-21
S08
Service Co.,
Packing Co., Inc., 5V4 %> preferred stocki—Mar
•, Potomac Edison Co., 1% and 6% preferred stocks
May
.Tnreaw ^oriffol
ibn11i '^rlict. '/Itf Hiifi
QS1 I'?
Anr
i^
Reading Co.* Jersey Central, coll. trust 4g due ,T951
Apr
is4lO&&
stock—__LMar 22
Company and Issue—
Aireon
(bonds due
REDEMPTION:;:/-
PARTIAL'
bonds, series B, due 1966
3-21
1
4-
V;
Phillips
'
,
ill:
_l
Co., "preferred
Mfg.
Water
3-13
1
4-
3-27
1288
t
82822
iJAny' time
—
;4% "bonds 'dUe' 1947-
Traylor Engineering
652
•
,
bonds' due 1946
mortgage 3V4%
3-20
4-
4-~l
§2822
9
3-20
■■
50c
'55c
._L.
4-15
;
.
3-20
3-13
2'ZiC,.
2%-c
LJJ.
—
3-11
4-15
82822
:t
3-25
3-15
3-28
4-15
.
1
1;
10c
'
6% prior preferred " stock.Apr * 1
> Philadelphia & Ch^ter Valley kR., 'pf«L ist- intge.i; A.% ■,
'•
!honds>du0 '1948_j.n-i_-—.w,—T-r———.-.-Apr ■, 1;
'1st mtge. < (hot 'preferred), - 3% bonds'due <1948—Apr
1
Philadelphia, Newtown & New'York RR.,' 3% mtge..,
1285
1946.——.———Any time
Joseph & Grand Island Ry.—
'"■•'.'1st mortgage
Ref.
Peoples
1154
'
,
—Apr
,
''Pennsylvania Sugar'Co., 4% "debentures; due
;
mortgage bonds due
',, '.I
4'
j +50c
>f; fcanadian)-Ihger86ir Rand> Ltd.—$50c
§3078
-J-Any time
A,''due 1946:
"list mtge. 58, series A, due "1957————- J—Apr
1278
3-22
4-18
prefeT^ed'{(Jr*- *30c
'
1
3-22
4-1
———
Canhda'/Iron' Foundries/ Ltd,^. ,'cothmon-L—
'
-Apr
3-30
10c
Camp^Manufacturing !Co. (^uar:)--_
81516
1
I
3-22
3-21
si: 5-1
;
:
Street Investing Corp. (irreg.)—<——
Brompton Pulp & Paper Co.. Ltd. (quar.)—
Bronx
I
Apr
I
•
50c
30c
Corp..
Canada Steamship Lines. (Ltd.
fbonds,-series B.f due 1947-i—'J^nytime-,
Pacific Telephone & Telegraph 'Co.—
774
25c
.
Broad
1
1288
1
4-
4-
1
$1.50
►■'•>'
.
list lien & ref. 6%
Page
Date
Chesebrough Building po.-L>
,
t
.
'<
1st mtge. 25-yr,' 6% Vdl4 lo.an (Jtfs
——L-Apr' 1
Heller (Walter E.j
& Co./ 5preferred stock-——Mar 22
Huntington & Broad Top'Mountain RR. & Coal Co.—
C'r
1st mortgage ,bonds; series'A & 'B
— >_L-Mar; 22 '
O" .-gon RR. &> Navigation C0«—
consoi.
of Delaware, Inc.—
1
1
4-
56V<c
•
Boston Storage Warehouse (quitr.
781
l
12-10
4-20
»
30c
i-
/Boston Jnsur, Co.. <new ,com. (ipitial^quar.)-
1286
i
1-2-47
L_ry-824c
'
Page
Date;:
,
prior preferred stock—j_J—.
Niagara, Lockport & Ontario Power Co.—
-1st mtge. and ref. 5% bonds, series A, due 1955
'Northern New! York Utilities,"inc.—
.
,1st lien & ref. 1% ibdnds,-Series
TENDER
OF
a
,
<$5
.
3-18
10-
^'562900*
[Norwall: 'Tire &■ Rubber Co., 7% preferred stock
;pieg6n-Washihgtbn> Water Service Co.—
Company and Issue—Aroostook Valley RR., 4Va% sterling bonds due 1961
Baltimore Transit Co., 4% :& .5%. debentures
-
,
3-18
6-11
1
■
Litchfield & Madison Ry., 1st mtge, 5s due T959J-——May
'LyonS-Mdgnus,; inc./ >ciass A"?stock—; _J:JL/Apr
sMilleMVohl 'Co., Inc., 5% convertible ^preferred stock__May
JlMira-kMar Hotel Building Corp.; 1st mtge. 4s due;,1950-Apr
fMofris! Hani Corpi/OP'America—: Pi 7:pP'i: '0PuP P:77rPP:
Collateral gold hotes; series'of 1929 due -April, l946_Apr
Notiues
■
4-15
3-30
1
prCTe^red'-fa'ccum.'ljj—
>1
1
3-30
1
Bishop Oil Co. (quar.
' Extra ■:■„ jJ.j-a-4*4J'--
■:
4.005000
,
1
3-15
5-
7-
Bifckford's.T toclHf duaf
j-i—
Bird"MiicWlhe C6:f(irreg.)-J--i-—
rate.
Redemption Calls and Sinking Fund
1 >
r 4-
_
Mines, |Ltd. Kduar.
BiHIsh (Columbia Pulp .& Paper—
iCompany and Issue—
3-11
4-
834c
Steel," 7%
(quar.)——
Bralorne
•Nominal
3-20
1
18c
! Bird''&>Son.?Inc.__—j——
i
'"•.562900*
■V,
5c
;
Corp,:: comm6h <quar.
4'/2'> prei'e'rred (qnar.):-'_j--—4Benson &" Hedges. $2 conv/ pref. iquar. )L—
1
4.005000
y
:<l65^0$*
562900*
i
Barker Bros,
;
.>.091324
.091324
.233626
.238520
*4.005000
^58^0*
.562900* ■
.362900*
Noncontrolled_J.
3.227000
.233620
"4.005000
J.6?5^360*
.
•
K905000
1,091324
.233626
.233)826
4:005000
Switxerland, franc-t----———
Union of South Africa,, pound—————.—-
.909090
.905000
;
•''.202020
.238520
.238517
,238517
Sweden, krona_—J———L»
4-
834C
•
->7% 1 preferred i(4har;) i-i-,
I
>3.227000
t'904375
0:227000
.
3-15
3-30
>
$1
',4 Bangor Hydro-Electric Co ..(increased)
—
30c
4 Bank of New^Vork4Ni>Y4
(quar.^ $3.50
/S909090'
<>040501
.4.091324
50c
I
4-
415c
'
.
>?:377892
f
;*t;Cf40501
-
7
:
7'/:ypiefeh:ed -Jfduar.)> 8%c
7(205800
.377892
;9b9090
.909090'
>
"
f
40c
Vj'd \ preferred
.;;301215
*
h"205740
.377892
B905000 7;
.I >[^.227000 77$.202020
.905000
3.2[27]000
'
•
(monthly)Li——L1—-i-
common
^Bdltihiore'F'orefcltiin
Bank
'
,
Class
.4.008410
,'
v
(initial tquar.)-_:_—
Avondale^Mills,
4.033750
3.227000
Hardware-— :
"Class:A
>'.208766
4-033750
i
5Cc
(quar.)
VAtlantic City Fire Insurance (quar.)
Atlantic'Greyhound 'Lines/ 4%vpfd."(quar.)
.020060
,377892
t'
Construction'Co.
'4^6980Qiyf4:;ArXe4HoUghthn;Fund,'V'lnd;i-—L—
.020060
.
•■>■
1
*
'.205800
pound—. -
,
4-
15Q
4'59%c
t
:.'i9075QP-4..»<.« /Common Kmonthly),,,.
.301215
Newfoundland, dollar—
=_ Official—;
,
15c
B k quar.)
—
-^_I4
convertible preferred (quar.)-——i_
•
i Art "Metal
$909090"
"
r—
3-15
.060602*
.569800*
-
.208766
4.033750
(British), Hnpee^—i———u——
.
.569800*
.569800*
.208766
———-
3-19
4-
434Vc
<'.051802*
.907500
.906875
>.020060
Mexico, peso-—--u—v\
Netherlands, guilder
'■
.907500
■
.569800*
4-10
^", $1.75
.
'
.6o9090'
"
H9i09030
;
.>020060
'
Norway,
^909090 '
■
1
3-15
Class
.022845
*.660602*
:•.651802*
?;05i802*
;
"4.033750
England, pound • Sterling.;——
(Metropolitan) franc——L
.022845
5-
5c
4-
3.214113
v
;
*0l6<j6J02*
'
r.051802*
I 1268766
—
France
New Zealand,
'>.022845
.020060
Denmark, krone_J———i-oj-------——-—
India
f.06^602*
■';•>
.907600
.569800*
Colombia, peso—J
Czechoslovakia, Koruno
>
•
+68%c
3-20
Ashdowp
.051802*-'
.909090
v
-.022845
•
.
.-j •
•
-
v
3.214113
-
3-20
$1.50
.251247*
.251247*
.251247*
3.214113
3-20
3-23
4-10
•—r—-
Light Co., $8 pfd. vftjuar.)
4:-S'Ui preferred*
.297733*
.297733*
'""'.297733*
.251247*
3.214113
.0'60602*
.051802*
,
Canada, doHar—
Official
.022845
tev" * ■
*022845.
i
.297733*
.251247*
3.214113
3-15
100
t>rdf er|«d .1 (qiiar;
Arkansas Power &
,,
.29T733*
.297733*
3.214113
1
3-28
4-1
Armstrong Rubber, Class A (quar.)-J_-_ L-i_
5
i $ -r-v.
.251247*
————L.¬
Tree
•
Mar 14
Mar: 13
4-
$1
T
Arigpstura-WUpperman
r.^Mafi.: $2
■
30c
Steamship Co._:
$4 preferred (quar;)
Angerman Co., Inc.—
—
Anglo-Canadian Telephone Co.—
Hocking Glass,
i t' $ V*
;
v
c-r.ifMar.Ti
'
3-20
3-20
-Quarterly y——i_
Anchor
! Value iA United -Stated'Money/iv
?Mar. 8
oj Rec.
50c
% American
;
Noori Buying Rate for Cable Transfers in New Vork
J>. ■;i':
Unit
Holier»
Payable
62j/2<j
4$2"preferred (quar.:)——
...
Country and'Monetary
When
Share
jfame of pampany
■American" States (Insurance' (Indiariapoiis)—-
-
MARCH
f
I American investment Co. of Illinois—* -> ■
5'/preferred ;(4uar.)Jj
i—:.-t— 1—
_
2-28
■vf-iii, nj3-15
l{
. 15!:.
i J-;
r
j
3-30 ;'
3-23
Volume 163;- Number 4473
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Holder»
When
Per
Name 0/ Company
Vayable
Share
Per
Name 0/ Company
of Rec.
When
Share
1475
Boiaere
Payable
!;•
of Reo.
/..';.:
U.
/'!;•/..!>'/<
Name of Company
When
Per
Share
H older »
Payable
of Rec.
■
Port
Wayne Corrugated Paper, common
*74% % c6nt. preferred (initial
Franklin Process Co.
_
$$3
RpJhsuran'cfe -Corp.
$10 par
Gilbert
(A
1
National
3-16
■ ■
National
2*16
\
$1.50
3-15
37 %c
:f
50c
(N.
Y.)~■
1
4-
1
3-30
4-
3-22
;
8-22'
Gold
—
97%c
3
7850 ■'
Extra
V
Quarterly
— _
.7
'
,
'
Water Corp., $6 pfd. (accum.)**
Ohio Cities
1
$$1jS0
4-15
i$4
4-15
f.T6%
i
70c
preferred
1c/o
f
$l.5C
-
*
preferred
;
.4-
3-15
T,
"
55 c
Guardian. Rail
Investment
Shares
Series I, preferred
•Guilford
Gulf
Public
•750
~
v4- 1
3-15
15C
3-IS
25C
3-30
1
Hanover Firth Insurance (N.< YvKHqUAr.1 •trjiL [
Hartfovd Five Insurance Co. (quar.)
<Walter E.(i' M-Oh.;, xdmruon-hquarvhr
SVa %
preferred
(quar.) r—..
4-
50c-
;•'
■V*
HMlfcr
:4- 1
30c
.J
v
,
!
3-30
$1.371/2
& Uauch Paper Co. of Canada, Ltc.—
"Quarterly- •.
Home
Telephone & Telegraph Co.. (Fort
»
Wayne)
(quar.l
-iU.
Honolulu Rapid Transit
Co., Ltd.,
cjm.~
5%
pitferied (qttaf.)„»»*—■*»iJ3LsAs+L--J+Le
Hoover Bah & Bearing Co. (resumed)
•«
v
Inc
Baking
Household Finance
3%'k
:
I 5%
Howel
Natural
Ellectric
Mown
Sound
Ideal
Cement
Co.
^
3-
•
I
'5--C
3-
'•
Peoria
;
5'
35c
933ic
h
4-15 '
3-29
'^92VaC
(quar.)—7Vic
3-29
Co.
3-30
4-10
30c
Prbntiss
3-22
3-30
25c
(quar.)------————-
3-25
>
ord.
for
s
(final).
reg.
Foundation
3-16
>3-14
39 3/10c
————u-
Button-Hole. Sewing
.QuarterlyiVaVf
3-
4- 1
■
J3-30
:i4- 1
/^-37V2'c
.
preferred
Interstate
1
(quar.)———^
Stores, Inc. (%uwi)i.
Iowa
#: 6
America
of
3-25
4-1
1
>:
Creek
433/4C
3-31
40%C
3-12
w
3-31
Co.. common
(quar.)
82 %C
4-
50c
.
i:.
4-
3-22
1'
50c
3-30
$1.50
4-1.5
U7c
—
Electric
Cc„ $6 pfd.
(quar',)
'
4-15
»
3-15
4-
/
Kerite
Co.
Kirsch
j±Li
Co.. $1.50
>/
4-.1;'
Extension
4-
/
25c-;'/25c
',
;
37l/aC
3-14
i; t
1
3-23
'
,3-26
'4- l."v
7%c;:::
L
4-1
■
Lincoln
5c. r.
Champagne, Inc. (irreg.)—
(increased quar.)—
Corp.,, (quar.)
South
3-16
3-18
B
RR.
Mansfield
Tire
Marlon
Water
Co.,
T7e
McBce
4-10
McKee
3-30
i2VaC
U
3-29
.
4-
1
3-20
3-
30c
4- 1
9
4-
4-
4-
8-15
3-15
3-12
Texas
/.
12c
4-
3-30
-3-30
3-15
Liqueur
Co.
4-15
4-T
3-20-
1
S-&L
$1.25
preferred ;.f(qiiw.>.
Equipment Co.—
■■
3-20
3-
4- 8
3-20
$1.75-
nvp^rred
(quar.)
—
(Wm. R.V Dry Goods Co. (ouar.)
Morris Plan Bank of New Haven (irreg.),,
Morris Plan Investment Corp.,-™—,,^,,^''
Morrison Cafeterias Consolidated, Iwc.—
;.
7(/r
preferred io*uar.)
4—
Mount Verhon-WOodberry Mills, Inc.—
"'
;
7'ft1
-
securities
Co.,
^ *4-15
9
62V>'0
4-
1
Inc
Not'iOnail .Casfret'^joM incl, nJommon-^Ar--$7 pf^ferred (quar.)_v--;-.
Mills,
for
Bank
Insurance (N.
Can
$2.75
class
Co;
Corp.
7(ft
each
Inc.
A
(opt.
div.
stock
'
.share
25
shares
Sevvice
$1.25
3-30
3*29
3-19
American
4-15
3-30
American
1
4-
1
20c
433/4 c
•
A-
40c
of
Twin
3-15
City
held
:
"/•:$i;5d. ::
(Del. ) * (Initial)
25c
3-29 8,4
4-1
■
/
loc.
25c
4-
••;
:■■/ -l
;•
$40$«C >:
"
3* 6
4-
4-
'''tTnt*r»a
Tnf*
•'
Ufiited
.
^8%c
;ri$i.-25
;
1
3-23
.
/Common
(increase'!)
/'; /$2 .preferred
3-I2:
25c
4- I:
/• 2-ii «;
/ 3-15
$1
5-15
ti
$1.75
3-30
4-30" i
r'-a-is
United
./>
6(ft
U.
*
,■
S.
•" •' ."• /.• ck
Co. "(quar.)
Printers & Publishers—
(qilar/)/__
56%C,
4-
/
■'•
4-1
*^vt-V?'vVa"'!■*
,.
30c-
3-28
;
'•"
'
mm
4t15
50 c
4-
-
:■». 4*
1
%. ■
preferred -.(quar.l
-
$1.12%; >3-39''- -3-20
;3-14
3-20
•'
50C
4*
25c
4-
;
r
1:
3-15
My
(quar.).,
(quar.)
3-12*
/•■4--1
$1.50
%
,
3-12*
:■(
3*21
V v* r1-' 5i';'
3-14
;
:'"''4--i\
15C
-*«,
:
,4-.i
:
$1.75
3-30
3-15
4-1
3- 9
/;
shareL::.
,,,;:;..'«83/4C
pfd. (quar.)v-
:
4-1
;$1.50
,
3-14
(quar.)
—
Co.
750
,
.
3-
—
(N.
4
3-4
12 %C
,
J,):4-15
$1.25
$1,50
■
:
4*
/
3*15
3-15
l5 a.
^!>4*-l'-:.i
3-15
4-10
u/' $1.50
4-2
"Ssc
.
.
-'.'S5C'
common
;-y
new
(quar.)_
Service
7'(ft
25c
(initial)
:
_
3*13*
3-30
25C
4*
3-9
v.'34l»
1
:: 4oc
'4-.1
$1.25
4- i
3-11 :
$1.50
———„
pfd.
'■ 4- 1 //>i 3-13*
:
$1.75 //://4- 1 /■
Inc..
4-1
:3*114/
/! 3-20
|||;
(accum.)//
8t
Standard.(Sanitary-;,,.
Mill—
0
\\
3-15
.
/
3-20
4*15
-
3* 9
2*28
/
3-30
—
•.
■Co.-_-___'___"-_—.
Seal-Kap Cotp. of Del.'_^
Service
Co.,
$3
—
f
,
2-21 i:
American
7-
,.7(ft
^ ;
preferred
American
—
...
—
Sugar Refining Co
Superpower, $6 1st pfd.
(accum.)
■■/,/■
/'
7(ft
preferred
Bottle
(quar.)
American Tobacco Co..
American
Co.—
// ■/./-
■
1
3-15
1
1
3-14
t
■f:
f 3-30
3-14
3-16
'
3-28
3-20
iv*>
4*
1
2-16
V
4-
2
=».
3-
4-
2
•'■:
3- 5*
rt
;
$2.50
'
3-30
Telephone & Telegraph
(quar.). •?.>: $2.25
American Thermometer, $5.50 pfd. (quar.)—,
$1.37,%
Thermos
6-
'
./ 3-30
4-
American
American
B
3-15
1
4-
25C
:/>/ $1.75
fe/v $1.75
3-22 <
3-15
,
"
>////,• $2 >•
(quar.)
(quar.)
/
1
4-19
,
Co.
4-15
4-
v
pfd. participating (v-Vr- 64C
Co...———
$ 1 ::'•:•
(quar.)—J
Steamship
:> 3-15 y
:
50c'
;////: i5c
■
3-20
3-19
3-21
.
3-28
Ship Building
—
Snuff Co., common (quar.)_>__— /v,>. 50c
v $1.50
preferred (quar,)
American Stamping C6. ( irreg,
12 %C
3-21..
3-19
3
3-15*
3-21
•
4-15
V10P
American
.3-20
1
30c
'6(ft
:
-
4*
.
1
25C
.
American
3-22
•-•"•'•■'•'/ Mi4>
: / 62 %c }' 4-/5^
Machinery Corp., com. (quar.)
(quar.)
—w——wi. > 37%C
■%* S /
Foreign Securities Corpr
54,60 11st
Radiator
3-23
4-20
4-
•
Co.,
(quar.
Public
American Stores
$51.14
;/.-4--.l:/
75c
$1
.
hon-cum. - preferred (qp'tf.')—v: /
American
3-20
62 %c
-
4-
200
.
:
.
Locomotive
preferred
American
f
,
3*11
v.-
American. Screw
'
4- 1;-
3-14*
1*
'
3-15
$1.50
8
preferred (quar.)—
!$lvl2%
$1.12%
American Safety Raaot;Corp..(quar.)_—'
4
/ *50c
3-25
3*22
3-28
*
4-
(quar.)
American
8*30
4*20
•
$$1.25
(quar.)
-AW%
3-16
SOc
3-0
4-
,
Felt
&
American/Rolling
3*20
1
3-15
preferred
American
8-15
/
Hair
American
3-20
5
&
•
3-20
25C
Shoe
preferred
&
4-.1.
3- 8
3-20
4^1-
:
40C
American Power & Light, $5 pfd. (accum.)—
'■ $6
preferred (tecum.)
,4.
—*
American President Lines—
; ;■/ 5^
3-20
.3-20
.
//Xl^r/^'i)
Fruit
United
$1.75" ^ -'4-
■.
;
1
4-1
:>//'50C'/ /;1*1,/
/(-6preferred.. (quar.)
;
preferred
..
3-15
62 %C
^
.
3-16
"
41 %c
*
8
3-11
1414 La:.-/
'■
;'50C
-
(quar.)
Electric—
American ^Optical Co.
3-16,
i-y
4-1
4-
'
3-22
'
(quar.)
Co.—
7%
8-22''
<r
:: 31V4C
(quar.l
Transit
>:
l~v. >
-3*30
$1.50
>'
Growers
.American Machine & Metals,
American Manufacturing Co.,
3-19
.3-29
3-11
3-20
(quar.)—
Co<; (quar.)^„__^_„«,„„
preferred
1st
American
3-20
:3-20
4*:L
I'-'';
.
8*29'
4-1
2
3-2
4-
$3 //•/,: 4-
.
—
•SI
3*
1 •:/•//
—
common
common.'—
Corp.
Rapid
3-15
:<> 25C
preferred
Products
3-/5
3-19
3-29
Gas
3-15
•
4-
4* 1
/ 3-8
$1.18%
Co., com. (quar.)__
12 %c
"4-;l./ ' •3-20:
;
(quar,)
$1.50
3-20
2nd preferred (quar.)
'■■•1
4-1
3-20
$1.50
American Hard Rubber Co., 7(ft pfd. (quar.)
3-15
3*30
$1.75
American Home Products Corp. (monthly) —
:
200. .C:4*T3-14*
American
Ice
Co., 6%
preferred
$1.50 % 4-15 ■>: 4- I
6 (ft
v $1.50 /> 4-15
preferred new (initial)_____—
4- 1
American Insurance (Newayk^ N. J.) (s-a)—.//
.725C
/4*,1'/H 3-1
Extra
,/;•:> T-vlOC- m** im
6%
6(ft
3-15
3-28
30c
4%%
American
3-20
1
Express
Fruit
1
4-1
40C
,
.
8*15
8-12
/■Foe1,
American
3-20
:
3-29
4-
■
40c
4-24
v
Transue & Williama Steel Forging Corp.rr! 7 ■/
/Reduced.'
,■
3-22
20c
ft
Co.,
preferred
3-22
3-12
.
conv.
6%
1
.
/•:■■
$1.50
—
—
-
5-15
(irreg.)
one
Y.)
common
preferred (quar.)
District Telegraph
3-30
4-
// 2*28
'4--.I ■'« 3-15
$1.75 '
$1.50 ~r:-
*4
(quar.)
series)
"cash
or
Cyanamid Co.,
15C
•-
*>* m •*
m
preferred
3-20
class B
8%
+50c
;i-'i
;
$2.50
.
/
Co.,
American
J25c
1
•
American
4-
___
3-
-3-23
3-31
75c
common.—
American Crystal Sugar, 6 (ft
50c
(Boston)
3- 1
//?./' '/:/
(quar.)
Note,
3-16
31 Vic
(quar.)
3-20
3-15
1
'
3-tO
1
3-15
>
£
$$1.75
«*
•
preferred
$2.50
50c
-fquar;f»
TVioo
3-27
4-1
-
Alliance
2-14
4-
■■.a-
$1.25
pfd. (quar.)
conv.
4-10
'
>9-15
3-30
America—
3-30
'"■'
Tremcnt Building Trust (irreg.)
Tri-Continental Corp., $6 pfd. (quar.) ___;«
4-T,.
-;'
.$1.50/
$3.50
preferred '-(acctimi)
Nation 'Wide
Co.
dividend')
Trailmobile
!■
$r/r
$1.50
•
preferred •• -(moirthly)/-t:///;-//_///'/i^
Toronto Mortgage Co. / (quar;)
3-15
4-1:
60c
7 VaC
Moore
<—
8% preferred (quar.)„
American Cities/ power & Light Corp.—
■
,H7%'
Monongahela Valley Water Co.^-r
7'^
-
(accum.)
Investment
Public
$2.25
(quar.)
of
3-30
.
Covd.,,,——
Monroe Auto
-
/Special'
.L.—.
Textiles,' Ihc^ common (quart)
/
preferred (quar.)
.*___
Co.r
■(ouar.v...
M^unfacturing
5-15
3-20,
'
2-15
4-1
25c (A
*
American Casualty (Reading Pa.)
American Cigarette & Cigar—
1
1
25C
1
3-10
4-1
>
preferred
6%
of
Inc., 5# preferred tqnar.)
Thrift Stores, Ltd.—
*
'
;' '/^,
;6Va(ft cbnv; 1st.pfd. (quar.l
Toledo Edison Co/, 5'// pfd. -monthly")
;6% preferred (monthly
3-20
-21c
.
,
1
'^00
.
.
4-
8
4-
4-1
h
3-
30c
>.
3- 8
•
,.
Corp. < quar. )w»a*6.4
(quar.)____>—
Corp....
Manufacturing Co.
American Bakeries
3-20
4-15
:$i;7s:
/•
TextTon,
;:
$2.50
preferred
?..$%
Mohawk
,
American
■
(quar.)_r__..^_^.___>.__>__
T^ms Elefetriic^^ Service^
tquir.>__..*
"
Modine
Co.-*-
American Agricultural Chemical (quart)—..*.
4-
i$4: preferred
«'
>
Light
(quar^-*^^^
Inc
Corp.
3-15;
1
of R«t.
;
4-15
62VaC
3-15
1
Hoiaere
25c
.( 4-10
37 %c; /•■•: '4* 1-
3-15
■•■
4-
4-I5
prevloin
•
Corp.
3-15
1
4- 1
4-
4-15
4-15
;
3-30
-
Amalgamated Leather, 6(ft
6(ft
preferred (aocum.
4-15
;
Products
stock
■
Minneapolis,-Bt. Paul & Sault St. Marie—.
.3-12 /
4-1
4-
3-25
3-18
•
3-30 "
12%c
(quar.)
Aluminum Co. of Canada, 5(ft pfd. (accum.)
Aluminum Goods/ Manufacturing (quar, )_^»
3-21
1
5-15
6-
-*
'(quar.).■>
S.)
Street
Common
3-20
I roc-
&
•
Sylvania Electric Products,- Incv—
3-15.
5c
Power
(L.
/(Stock
,3-TS
4-
25C
Extra;-:
4-
3-20
Chalmers
6%
'"4-."l,
-40 c
Bag & Paper (quar.)_I__
A
preferred
Susquehanna
,
Miller-Wo'hi .Co., inc^ .5/(•. preferred.,,,—.
Minnesota
.
l'5c
-
Aluminum Co,
k
$1.25
|
_
3-20
50c
.
(quar.)
3-31,
3-23
:
75c
ii&T;
Allis
3-22
Laxington,
Caecum.)___ ^
Engineering Go. <quar.)____
Stix-Baev & bullet Co., 7//- 1st pfd. <quar.i
Strouss-Hirshberg • (increased»
Submarine. ?Signat/'^E^.i<qua*y)-*^^^
3-26
> •,%
Advance
Inc.
4-15
i4c:
(quar.)
3-22
4-20
;
'$1.12%
Trust,
preferred
Stores
8-2o
1
American
Steel
51.73.
.iiiw:4initial■qiidf:jr^:
Allied
1
4-
62 Vic
Stfedman -?BrOs.. Ltd. (quar.)
1 ^ Extra
■ i.*—■■
3-20
>
& Dye
Laboratories,
Products
American
3-18
25c.
Initial
•initial
3-18
4-
Inc.-—
Allied
3-19
.
3-20
r
(quar.)_-
sMerchnnts/Acceptance Corpv-t— -- ■.&# ,
l -I Class A
(irreg.)
Merchants Bank of Ne^ York; JN...Y^)r-.
v
3-25
4»
Stcres- Co:,
Allied Chemical
1
-
31 %C/ /■
20c ^
(quar.)
$7 preferred (quar,)
/69ft preferred (quar0.w-.4'-.----i^iww»-»-.'«.y*,
'4- ,1
4-
3-18
>
Wnen
$250
,
3-20
:
4-15":
Payable
V
mm
Alabama SSe Vicksburg Ry. Co, ($-4)-*—.
Allegheny Ludlum Steel Corp...
Allen Electric
& Equipment
(quar.).*j*4«,w
8-80.
3-13
4- 1
'
3-25
$7.50
<qnar,)__
NeW;hiinftial-: -qdis 17^ «>t.
1st
preferred
"
Starrett
3-20.
B
-
50c
—
Mercantile
■i:h
3-$r
4-
class
Gas Co.—
3-25
5V«
Co.,
&
Investment
Inc., '$5
5%
3-11.
&
Eleetric
$1.07 s
(increasedt
pfd.
Carolina
State
1
41/«^>
,/;
'
Spokane International5 Railroad Co.____^
Stanley Works, common tquar:)i.^__i______
6
3-20.
G.)
(A.
Extra.
3-30
4-1
Nlead iTohhadtt 5c
.a''*'■/-
C%
4-
Register Co\,
3-20
3-31
3-30
*
In
15c
& Youngstown RR. Co.—
b% >prefemd-v'ts^a)t4i*iwft-.'i-d4«*4.^^i.w'
Alabama Power, $6 preferred (quar.)^.*^
4-12
ioc
Common * (irreg.)
..4—
"-Tfft. prefetred
Southwest -Natural Gas Cbf—^^
3-30
preferred
(auar.)t$l.25
preferrqd^
10c
(initial quar.)
Co,
McCaskev
(quar.)
;
15C
Ltd.,
McAleer
•
Southern Franklin Process-Co.—
4
(Del.)—
preferred
1.
1
_____
Southern
5
4-:
3-
M4rtin-PdrryCorp,Lw----~^vw-,_./,__^t—_
Marten's.
3-
4-15
3-15
Rubber, com. (quar.)___
(quar.),_—_,,-_i.-_,«,,__
p'^e-red
3-18
4-10
&
Ptaf
.
Co.
$1
r
3-20:
Akron Canton
'
?
25c
Co.
Ar'l^
4-.10
(quar.)
Goal
3-23
15c
4-
■
'
//'•'■ 5- 1
40c:
;'
6%
Agnew-Surpass Shoe Stores, Ltd.—
/
C/7%// preferred ■■;; (quar.
Agricultural Insurance (Watertown, N. Y.)-—
:/>: Quarterly.i.„4-*^--^*-.—»..-w—
3-23
Oil
Ky.)
3-11
25c
—_
,
Southeastern
3-20
25c
Lowensteih SM.), '4%% preferred (initial*,-Mahon (R.-C.i Co., $2. class A pfd. (quar.),
Mahoning
3-20
3-15
!4c,
'Comm.oh''sA^QUArtii;i
Common
''
,,
'$1.25
—_
.
(quar.)
' i
-
.4-.---.----—
Mfg. Co.
Standard Engineering
preferred" (quar.)
;
South
.
«
Water
preferred
(quar.)
Pittsburgh Water Co.—
4Vj#
preferred
(quar.)
Southeastern Greyhound Lines,
3-13-
3-20 "k
SOc
B (ouar.)—^
I
-—^v-—
S'/r
preferred (quar.)—
Longhorn Portland Cement Co. (iri-eg.)___Los A1""eh"" T',<mc1) L'nec-—
Louisville Gas & Electric Co.
;;
5c'
'■> Class
:
(quar.)
Aetna-Life Insurance Co.
1
xoc
5rft
■
■
31
——————
Telephone As Telegraph Co. (Del.)—A
fquari)—!
'Class
50c
: •/.
HeHnerl^s^fliic^-s^.^ii;--—
Stores
Lcrncr
"
(J. D.)
Allied
v.*
3-15
1
4-25
announced
1
Aetna
1
4-
'
Share
common,
3-22
3-11
75c
2*28
4-1
'
10c
La Salle Wines &
■Leonard
Fund
give the dividends
3-15
1.
1
•
3-15
50c/
———---——
Lambert Co;
Clark
3-16
4*
t37l/46
Addressograph-Multigraph
3-31.
3-21
$40c
,
'
1
4-15
-■/•'■i 20%
Aero Supply Mfg. Co., class A (quar.)—
Aetna Casualty & Surety Co
1
20c
;,
(increased quar).:.
4-
$1.25 "/
,
-
Adams
3-15
4-20
25c
"'/■
$1.75
;
3-22
4-
$1.25/
(quar.)_:
3- 1
•
1
20c
(quar.
i5c !::
25c /
Compaiiy
25C
Corp. (quar.)
:
Sorg: Paper/Co., 4-9%' pfd.- B fa«cum.')-...i._i
"•'/:$ 1,50
preferred A '■ t'accum.)__.
":- V ? - $1 v
>,. *■
Soutli Atlantic Gas Co., common (initial)/.
6% preferred (quar.)
^
$1.25;
3-20
"■
(quar,
University
&
1
20c
.
7 (ft
5/ft preferred
.
/Preferred
:
1
3-12
$1.50
Co.,
4-~l
'. •/
$2
preferred ■■■; (quar.)
Atlantic Sugar Refineries, Ltd.—
.'//
//Common (quar.),
Adam Hat Stores, Inc., common.....^....
3-15
3-15
Shawmut Association (Boston)
3-14
;
51.12%
•
Extra
?40c
r25c
pfd. (quar.)
preferred (quar,).
Acadia
3-15
3-
A%
g
3-19
3-29
4-
$1.37 Va
:
La Salle
4-
'30c
(quar.)^_;__
Sinclair
3-30
■
4-
Kittanning-Telephone Cj. (increased)——
.
Stevens
/
1
,4 ft i
25c
;
A__
Simmons
3-18
4-15'/
$1'*-/-■
$1.75
——————
preferred
4-
•
15c
3-11
3-16
8%
Nafhe 0) Company
Extra
3-22
:
3-15
;s:i0c
'
1
$1.50 ■5
(quar.)
7%
preferred
Kansas Pwr, & Light Co.. \\'zrk pfd. (quar.)
Kendall Co.:
;
——L_
>.
4-
3-25
Per /■ /■
.
Lawrence Flour Mills
Shasta
'
6r'» pfd. (quar.)
Publishing Co. of Ottawa, Ltd.—
.hi Quarterly
—'i-'—
Kansas City Southern Ry. Co., A'/< pid;—
&
I00C
prqducis Co. (quarJ
Gas
.......
3-22
Journal
Gas
:45'C
4-16
1 -
>share
'
we
^
3-20
:
3-30
37'/2C
3-19
4-16
5-
35c
;/;•
Co.d/^___—
Co.,
Abbott Laboratories,
Co.—
Industries, Inc., $5.50 pfd. (quar.)
Sevon-Up^ Bottling Co. (St. Louis, Mo.)—
-Quarterly
/...,•
2...
Shamrock Of! 8t GaS Corp._________.__.t.-.
Sharon Ry. / ———
/*•--
3-18
4-1
31.50
/
$b'
preferred
(quar.)——
---iJeftersom Electric '.Co;__.——w—i-
Kansas
RR.
1
3-30
7y2c
One -additional
Mfg.
preferred
3-11
■4-15
25 3-
(quar.)
3-23
3-14
4-
9
•''5- 1
/'
Service—
"
—
Joplin Water Works Co.,
Erie
>
:25c
4-
3-20
3-16
1
3-21-
>
25c
v"
9-
3-20-
1>
weeks and not yet paid.
The list does not include divi¬
dends fehhourtced this week, these: being given in the
preceding table*
>
'3-25
1
4-13
4-
/-.;«/35C
Selected
3-15
■
Coal
>
•'•20c
Telephone & Power, Class
Scudder
3-15
-'
$1
$1.75
.
3-14
4-15
25c
(quar.)———
Co., 1% pfd, A <accum.)—-—
preferred B (accum.)-.---——
Light—
' /'
preferred (initial quar.)_-l——:—
3.30',;
«
Island
■•'
4-
San-Nap-Pak Manufacturing Co., Inc.70c
preferred ' (quar.)
j•
1'7 V2C
Savannah
Atlantic /Ry.,* 5 ^Rfdf (quart)*
7^
Savannah Electric & Power Co., 6%
pfd
$3,181/3
3-14
4- 1
35c
St.
8-10
4M&]
J40c
t$1.12'/2
Electric
ty
Iowa Power &
•■•'/
Ritter Co., Inc., common (quar.).
;; 5% convertible preferred tqtrar.)...._.
Ross Gear & Tool Co
3-21
•
Co.
3-29
40c
Corp.^
: ;v
preferred (quaE.)!Ct-^_-_i.^l^ti-l^."
6/f
3-20.
'4-';i
■
■
Department
Investment
$1.25
__
/•
4-
&
Below
/
3-18
Lives
Railroad Employees Corp.. 80C pfd. (quar,)..
Button-Hole Machine 'Co,._^__.._.__
-
——-—•
^International Metal Industries, Ltd.. com. A
,v,;
Lake
3-30
4-15/V; / 3-30
(quar.)
/
/ V' 33%c
(quar.)
3-16
3-
held
one
Terminals,
6 (ft
3-20
:
4-15
$1.50
.
&
/
3-30
(quar.l
Richmond Water Works
20c
Machine-
International Cellucotton Products Co.—
of
>
$1.25
1
v
/ 3-20
1
4-
3-16
:>
3-30
■
>
$1.75
3-29
4-
$1.50
Reece
3-11
Corp.—
Inland
v
5
.3-11
3-20
Independence Trust Share—-—u
$0.0637
Investors, Inc. (irreg.)—•
20c
v
2-
3-201
lVtC
>
V20
International
(quar*)
Insurances
(Phlla.)
Co._..iuu^.i
RR.
Waters
QUebec
Fund .(quar.)————i.
Shares
pfd.
4-15
! a 4-/1
8
3-30
50c //:>! 3-29
Combing Corp, of Canada (quar.)
4-10
t25c
Towive Manufacturing Co. (quar.)_.
'4- 1
15C
Zeller's, Ltd.,: common (increased quar.)i*./ yy t25c»
5- 1
5%
preferred (quar.)
t31 V4C A;'/5- 1
3-23
50c ;
"<tiy
9
Wool
3-15
•
r Extra
Independence
5'i
1
9
25c
(increased).
common
33-
3-30
.'
-
75C •:
(quar.)___
Willson Products. Inc. (stock dividend)
Woodward Iron Co. (increased)
3*15
50c
Co,__._.._
Pugqt Sound; Pulp As Timber Co,........,A.
6%> convertible preferred ^quaiv
Imperial Tobacco Co. of Great Britain and
i. Ireland,
Ltd., American deposit receipts
income
for
4- 1-:
3-30
••■>
Annuities
Bessemer
Providence
Wiggin
3-18
4-
.
Pollock's >Inc., 6% ; preferred (quar.)
Pond Creek Poca hontaA. Co., com. (quar.» j.
3-15
r
$1.37% '
$1.75
02 %c
Co.,
(Wm.)
Water
Wichita
3-25
•;•■
each
Whitman
3-15
1
Power
Weyenberg Shoe
Yale
Semi-annual
,
8
12 %C
Works, 7% pfd.
Sugar Cc. (irreg.)
Pittsburgh
4-
15c
v
v
A
//
j"
4-
$3
./
-
(quar,)._
Penn
''
'
3*18
:
class
West Virginia Water
(Stock • dividend)
3-20
••'4-1'-.
180c
...
3-15
3*
1
4-1
$1.25
Philadelphia National Insurance Co. (s-a)„
Philips Packing Co., Inc.Pictorial Paper Package Corp. (irreg.)
5-30.
3-3<K
50c
•
15c
Pfaudler :Co.
4-15'
West
for
i-:'
(s-a)_
•
B
•'•
3-31
3-31
•
'
Co.
(irreg.)__
common
4-11
4-16
g 5-1
18c *
$1.62%
; (quar.)
7%
3-11
3-22
v
*
">:'
;—
RR.
30c
I
•
common
/;:•: 4-1
Bakers!
'
Corp.^ $3 conv.v prior 'pfd> (quar.) j».
Class
3-20
37 %c
Water
Pepeelceo
4-
/•:£/$ 1 :> 3-30
preferred^,,
Corp.i
Co.
Granting
Pennsylvania
5
h-
Co.,
Warren Brothers,
J3-20
>
(Initial)
Dutch
3-18
' 3-20 /
5- 1
/
$2
Holland
3-23
.
X "n
(quar.)__
com.
.preferred
(quar,)
Warner & Swasey
3-20
America
Lighting Corp., $5 pfd. (quar.)..
Telephone & Telegraph Co., common
preferred (quar.)__.„._.t.i.___.^.
and
:-'V "'3-2I4:
4-1
prior
Pennsylvania
!
investors, Inc
Peaslee-Gaulbert
3-22
-■
4-15 '
commoiia^.:^y
Co.-LI-
<6%
■
ill—.--
Motors
'
s? 3-27
3-15
4-
$1.75-
(quar.)____:
common..„.^..fcii.
(quar.)
^
3-30
12V2C
25c
•
(quar.).—
Gas,
preferred
;••
p- 3-15
3-15
25c-
(N. J.)
Corp,,
prelerred
Houston
$1
150
•
iquhr.).--—
Hai-dart
&
Pacific
3 3-20'
•
4-t
$25c
.
Holder's,
Pacific
.
?
of
Co.,
3-29
'
A
iquar.)
Wagner Baking Corp.;
3-20
1
(quar.)
Insurance
c'onv.
1
4-
/
15c
vV'/;
3-30
(quar.)
/Kamp's
Tool
Vulcan
.
Pacific GasElectric (quar.)
Pacific Greyhound Lines, common.
14%;S/preferred-. f qUaf
'
3-18-
•->•>3-20'.
Hindc
Horn
A?
''3-14';
1
3-30
.15c~
l'.:
$1.50 preferred
Pacific Can 'Co.■■(quar.),—
3-18'
4-
Manufacturing Co.—
:
r
3-28
20c
tquan)—
Co.
4-
$5
v
1
$1,25
'..J.
4-
$1.75
:
Vlchek
3-20
1
de
of class
held
common
Tobacco
//"7%//prtsferred
3-20
•!
4-
$1,50
:
,
3-11
4*/' 1
'
/■
$1.37%
preferred "(quar.)
Insurance
Life
American
$5.50
3-29
$1.50
•>
*i_
(initial)
Pacific
'
-
—
Service
CO.
Hamilton
3-15
Trust—
(irreg.)—-
ReAlly Co; (Baltimore Md.i—•
./'Accumulative
Haloid
4- 1
'(irreg.)'
Line
1
4-1
$1.25
$1.25
Qlin lndustries, 4% preferred A (quar.)____
©range
Rockland Electric Co.-*- :?
jf 5%
preferred (quar.)_f.i-._-T___,
Ottawa Electric Ry. (increased quar.)
Guardian Public Utilities Investment Trust—
Preferred
Colony
25c
-
(quar.)—^
non-cuin.
$5
Old
9-14
*
preferred
Old
(accum.)
(quar.)
(quar.)
Ohio Service Holding Corp\—
3-30
tQuarterly
Co,, common
.
3-30
ZC-- .Extra:'
Guardian Investment 'Trust—
Leather
$<>c
preferred
(quar.)—
Ohio Public Service Co., 5^ pfd., (quar.)
V
5Vs'/c
1st preferred (quar.14
•
'6-15
4-
shaie
share
$6.50
preferred
(quar.)
Vermont
&
Massachusetts
3-15
■s
each
Leaf
l/25th
/>
3-15
1
10-1
$1.50
.
.
1
4-
35c
_
for
preferred
:! ilittV common
V 4-15
5- 1
:4-
7-1
1—-—
Quarterly
Ohio
3-30
.——————
8%:
Van
2-28
35c
dividend)
Universal
,
3-20
9
'J93%e
■
-
3-30
Corp.—
75c
Utah Power ,& Light Co.
.4-10
—506.
.
(Stock
.•
3-22
3-
Securities
preferred_L._
United States Radium Corp., com. A (quar.)
United Stores Corp.—/■>%
/V/,/'/''
3-22
4-
$2.25
'
■
'4-
•
$1.50
(Ohio) Telephone tquar.)
preferred (quar.)_____—__
Newberry (J. J.) Co., 3%% preferred (quar.)
Northern: Indiana Transit* iquar.}—
'
——
Guarantee Co. of North America (Montreal)' "{J> i<J.
3-15
International
1st
stock
—' 35c
(quar.).^^.—$l;lB3/4
&'Rosario"Mihihg: 05.—
Interim
Stock
-
4-13
S.
$5
'
S'/o
;
'
Knitting
&
3-19
4-
?i
'
Newark
-,/•
3-15
15c
;/3- 1
Works (quar.)
4- 1
f 3-15
$1.50.
Tclegfraph (quar.)
L
3-11
Goldblatt Eros., Inc.,. $2.50 pfd. (quar.)
62%C "/H-'C:.'
4-1
3-23
Grand &. Toy, Ltd. : (interim)
$15c
■
.J
Great West Life Assurance Co. (Winnipeg)—
4- 1
8*20
I Qftartef ly t •. _:_ J_7<
+$3.75
- -•-•—&•«.
4- 1
3-20
25c
Greenwich Gas Co., .common (irreg.)
3-20"
31»/4C
$1.25
participating pfd.
(quar.)
,
4- 1
-1
3-20
,.t\ PartitipAting'
^..^WOk-4.
fc.
ym
$0.05092
f
Greenwich Water System, Inc.—
•
4- 1
3-u
(. 6%
$1.50
preferred
(quar.)
Globe
4- 1
3-29
5-
.
"
3-25
Service, The,—
(quar,)
.•4% (ft- 'preferred
New York Honduras
3-20 0
/
Common
.
3-15
4-
50c
25c
,
(quar,)—$1,75
4-19
30C
(quar.) ___U-
Terminals
New Orleans Public
3-20
3-30
Co.
Corp.—
Box
...
3-15
3-28
A'
Folding
Neisner Bros., Inc.i:4%%
conv.
preferred (qua*0
/'New London Northern RR. Co.
3-16
'
•■;
/•••/: 15c ■/!:' 5- 1
(increased! _*■_*•,.•*
Co.,,'$3.50 preferred (quar.)_
C.)
4-
50c
Packing Co, (quar. 1
Baking Co. (quar.)_
General Controls Co., 6% pfd.
General Machinery
General
3-16
4*4 /;
/'■■
tOc
/
Oatlock
New
^./I
50c
Freiman (AVJ. ), Ltd.,, 6rf pfd. (accum.i.-4Puller Manufacturing Co.___,.
Gannett Co., class B conv. pfd. )quar.)__i
General
/.
18 34C
_*/_
_
iy-
25 c
V
'•'/•
4-15
4-
5*
3-11
3-16
.
1.15 *
3-20
-1. ■// -/'.
—_i
6(ft~pfd. (ouar.l____
;!
>
87
V2c
$1.50
'
i
.r
•
3-20
4r»lia
>3? 9
A- ,1>:J
Water-Works & Electric Co., Inc.— />./•*
[■:! >!oba'>^iwj. / '
-preferredWquar.)
$1,50 iu/Ai-I.t: ; 3-18
'American
Woolen^Col, T(ft pfd."(accum.)—
'
$2
3-20
3- 5*
?//•
$6
1st
THE COMMERCIAL & FINANCIAL CHRONICLE
1476
/,
Wringer
25c f-;
Co..
44-
-
Extra
Co.,
(s-a)—
common
preferred
$4.50
//
™
Amoskeag
(s-a)™
Metal, Inc. (year-end)
Copper Mining Co....—
Ampco
•
>
5%
,
3-20
3-30
3-15
Canada
;
3-30
3-15
Canadian
3-31
Canadian
3-15
4-1
Constable
Arnold
3-12
Ltd.
Oil
Refining,
.
&
Investment
Associates
common
Co.,
(quar.)
Refining Co.—
preferred
$3.60
A
preferred
4%
preferred
H
'■v
jBaker (J. T.)
(quar.)...
.
(quar.)—
Bangor & Aroostook RR., $5 pfd.
.Bangor Hydro-Electric Co.—«
.
.
$ 4- 1
4-
1
4-
1
3-11
4-
preferred (quar.)
Bros. Co., 0%
pfd. (quar.)
...
37%c
Bath Iron Works Corp. (quar.)
—
'
X1
Bausch & Lomb Optical Co., common..— ;
25c
\
4%
preferred (quar;).^-^»-.«i-w--^i^rf r
$1
.Beatrice Creamery Co., common (quar.) —35c
$5.50
Bartgis
preferred: (quar.)—. $1.06 Yt
$4.25
>«
150c
50c
$1
—
Creek RR. Co.
Beech
Beech-Nut
(quar.)
Co.
Packing
1
(quar.)
■
1
3-15
4-
1
3-15
3-20
4-
1
3-
1
2-28
4- 1
2-28
5
4-11
3-16
4-
3-1
preferred (quar.)—uBell Telephone of Canada (quar,
Bendix Aviation Corp.
——
—
Beneficial Industrial Loan Corp.
(quar.)—
-
:
Bessemer Limestone & Cement
6%
preferred
'
(quar,)—
75c
75c
$1.75
$1.50
$1.75.
40c
25c
37%c
pfd. (quar.)__
pfd. (quar.)
$7 preferred (quar,)—
Black 8c Decker Mfg. Co. (quar.)Bliss & Laughlin, Inc., common—
7%
Corp.,
Birmingham.Electric,
$6
——
5%
convertible
Bloch
.
preferred
(quar.)
Tobacco
Co.; 6% preferred (quar.)—
Bros., Inc.*—;
Bloomingdale
(Sidney). 7% preferred (quar.)
Bobbs-Merrill Co., 4%%
pfd. (quar.)—.—
Bohn Aluminum St Brass
'
Bond Stores, Inc.—.
Corp. (quar.)
-
■
•
.
——
•
,
.
4-15
$1.50
<4- 1
(quar.)
Brach (E. J.)
& Sons (quar.)
Brandon Corp., class A
4-
1
Hi
3-12
3-30
03-20
3-30
3-20
4-
1
1
5
3-15
44-
;
Ajj—
Bridgeport Brass Co.,
9
3-30
4-
3-
1
9
3-30
3-20
4-1
4-19
$20o
5-20
4-19
3-31
3-31
3-16
3-30
3-15
3-30
3-15
Charleston
$5
preferied
prior
Brown
Corp.,
1
3-26
4- 1
3-12
4-
Bucyrus Erie Co., common
7% preferred (quar.).
Wheel
Ltd.
(increased):
Piston Ring Co.
(P.
6%
Co.,
H.)
conv.
5%
non-conv.
Byrndun Corp.,
shares
pfd.
Class
B
4%
:;.3-
1
3-
8
$15c
3
4- 1
;
Byrndun
Corp.
common
stock
$3
partic.
$7 2nd preferred
C.
I.
Financial
T.
,3-11
Calgary
Calumet
Canada
6%
&
Water
Hecla
Bread
class B
Service
i
Co.,
Copper
Ltd., 4%% pfd.
(quar.)
1
3-16
4-
1
3-16
$1
3-26
4- 1
3-20
4- 1
Texas
$1
3-15
$1.25
,
3-18
40c
$1.37%
3-31
—75c
—
International
Corp
$5.60
Ltd. (s-a)._
$25c
I.;
$25c
Colgate-Palmolive-Peet Co., $3.50 pfd. (quar.)
87%c
7% preferred (quar.)
w—$$1.75
Plow Co.,
—
Semi-annual
4-
3- 7
$1.50
~
3-25
3-
7
v
3-25
3-
7
4-
1
3-
9*
$5c
4-16
3-
9*
50c
3-20
3- 8
50c
4-
1
3-11
5c
(quar.) $$1.12%
$62%c
3-16
3-
4-
3-10
2
4- 2
1
5- 9
9
4-
1
1
3-14
4-
1
3-14
6-
1
,5-
12-
1
4-15
Iron
3-26
Electric
4-
Credit Co., common
Commonwealth
Investment
Commonwealth
at
the
the
of
business
after the date of such order.
4-1
9- 3
25c
3-30
■
50C
„
4-20
4-3
.
-
the
4
—.
:y;
Duquesne Light
Duval
3i
14th
(quar.)—
Co.,
5%
Sulphur
1st
Co.
prior preferred (quar.)™
preferred
(accum.)
Magnesia Talc Co., Inc. (quar.)—
Quarterly
Quarterly
;
Quarterly
'
Massachusetts Street
Eastern
6%
preferred
6%
Eaton
5-1
4- 1
/
4-15
4-15
4-15"
4- 1
4- 1
75c
50c
4- 1
75c
4- 1
$1.75
4- I
c
•
$1.12%
-20
4-1
$1.12%
4-25
$1.25
25c
.
4-i5
S 3-30
v; :
$1.12% // 4- 1
Ry.
Co.—
&
Howard
'
3-27
3-11
Ecuadorian
35c
5-
1
4-
Eddy
4-
1
3-14
Stores
Grocery
Investment Trust
Edison
4
Corp.,
Bros.
$1.50
partic.
//
(quar.)
Fund
Electric
(quar.)..
Controller &
4- 1
...
—
(irreg.)
25c
$$1.20
4-10
4- 1
3-22
1
i
3-22
3- 5
3- 5
3-25
3-15
3-25
3-15
" 4-
1
3-15
3-
3-31
3-11
$1
•
4- X
10c
3-30
3-15
4- 1
3-20
$1.06 V\
*•'/
25c
4- 1
3-2t
$1.25
(quar.)
4- 1
3-2t
75c
Mfg,
—
1
•
Auto-Lite
Electric
5- 1
4- 1
/ 4- 1
10c
(increased)
A
$1.50
25c
20c
—-
Stores—
class
9-20
12- 9
v 50o
$1.50
...
V\ % participating preferred
(quar.)
Manufacturing Co., common
5%
6-20
,9-30
12-21
/;/f//-v-;••••//'/;/•••/•'•
Elder
?••
3-20
$1.50
Ltd.
Corp.
3-15
3-30
6-29
$1.50
•
Fund
Economy
Paper
4-1
$1.50
Balanced
Stock
3-15
75o
$1.50
(quar.)
Howard
&
Eaton
10c
5
5-1
<
75o
$l/:$1.75
—
B
(accum.).—.....
Steamship Lines, Inc., com. (quar.)
5
day v;*
$25c
$25o
preferred
Eastern
5
:V
5-1
——
3-30
3-30
8-1
(
4- 1
6%
3-
.•"'•v.;
$20c
—+*
pfd. (quar.)—
(quar.)
Eastman Kodak Co., common
4-15
4-15
$93c
$$1.25
//': $2 convertible preferred (quar.)...
4-15
3-29
4-30
4-1
.........
—
3-12'
3-18
4-15
4-15
4-15
5- 1
Eastern
1
3-20
3-26
$$1.25 /
(quar.)
common
5-'XL
4-, 1"
$35c
4%%
//
6
3-* 9
Texas
3-
•
4-3
Eastern Gas & Fuel Associates—
$1.75
V
4-, 3
$$1.25
$$1.75
$20c
(quar.)$$1.75
$4.50 preferred
6c
(quar.)
on
10c
.......
3-30
date of the SEC order to holders
close
6-158-15
4- 1
$1.06V*
75c
—
Chemical
3-30
(Del.)
South., $6 pfd. (accum.)
;Payment is proposed to be made 28 days
after
,50c
50c
(initial)
Economic
//£
&
Co.
Co.,
preferred
90c
;
Edison
3-25
3-30
20c
...
Textile
50c
(quar.)
(quar.)
j
Shearing & Stamping Co.—
preferred
Irregular
50c
DuPont (E. I.) deNemours & Co.—
11-1
3-30
&
Commercial
3-30
4- 1
300
Co., common jquar.)
—
preferred/A (quar.)...
Co., 7% preferred (quar.)—..
Draper
Corp.
(quar.)..—
Dravo Corp., 4% preferred (Initial
quar.)—
puke, Power, Co., common...—.
•-,«
7% preferred (quar.)^^......—.....
Dun & Bradstreet, Inc.—
4%% preferred (quar.)—....
3-18
:;4-
&
Commonwealth
8-20
$1
$1.12V2
,
Gas
3.60%
50c
:
3-
3-18
1
Fuel
Corp
5; ; '
15c
Corp
10c
Columbia Pictures Corp.—
$2.75 convertible preferred (final)
25VsCCommercial Alcohols, Ltd., common
(quar.)
$5c
8%
preferred
(quar.).
——$10c
7
3-25
$1
————
'
<
,3-11
1
3-18
15c /,//4« 1-v
$4
8-15
9- 2
3-25
4-
10-10
35c
Foundries
3-15
31%c
25c
Dow Drug
5-15
6- 1
$1.23
.
.
3-7
Dow
Pacific
3-20
3-18
class A
——
Dominion
Co.—
Co.
——...
-
preferred
7%
3-15
3-15"
3-25
•
3- 6
3-25
Co.
T-10.:
Z7VaC
(quar.)
...
3-11
;
4-15
3-30
1
3-
3-11
3-28
25c
3-29
4-
——
Ltd..
Cons.
/ 4-
$1.75
3-30
4-10
(quar.).../.-^./..—$1.12Va •'••;'%
Motor Car Co.
Giorgio Fruit,
^-
25c
:
&
Steel
(quar.)
Co., Ltd., com. (quar.)...
(quar.)
Dominion Malting Co.,
common
(quar,)..
.Common (quar.) ^
5%
preferred '(quar,
It.....
Dominion Tar & Chemical, 5%% preferred-.
Common
(quar.)—.
Voting trust certificates (initial)——....
3-22;
75C
30c
Coca-Cola
$3.50
(quar.)
4-15
$1.25
62%C
/
Coca-Cola
3-25
T
4- I
30c ^
25c
—.
7%
"
Coal
Commercial
(quar.)™
& Edmonton Corp.,
Co. (quar.)
3-30
15c
3-15
,
(quar.)—
.
Dominion
'
Chemical
35c
<
Dominion Glass
3-20
1
20
California Ink
California
&
pfd.
3-30
4- 2
4- 2/
$1
$3
3-9
3-15
30c
(quar.)_„™_
Orleans
preferred
Class
3-14
4-
Colorado
(s-a)._
Corp.
'
1
15c
3-15
1
$2.50
:
3-29
«9%C
Columbia
Byrndun
Corp. held
preferred (s-a)
3-30
35c
Corp...—•,
25c
(increased)
30c
Cluett Peabody & Co., Inc., com. (interim).
50c
7% preferred, (quar.)———.
$1.75
'
shares
1
$1.25
3-15
4-
3-25
each
4-
25c
87%c
-
,
1
4-
held
for
75C
1
1
Clorox
stock for each
common
3-30
1
Climax
i
and Class A (stock
share of Hat Corp. of
common
One
3-30
4-
'
'
1
$1
4- I
B
•
50c
(initial)
participating preferred (participating)
$3
Distillers Corp.-Seagrams—
4-12*
5% • preferred
(quar.)..f$1.25.
3-15
Dixie Cup Co., common
25c
3- 8
/:-/ Class A (quar.)
.i...
" 62%C^
3-8
Dodge Cork Co., Inc, (resumed)
10c
3- 8*
Doehler-Jarvls Corp,
25c
3-20
Dome Mines,
Ltd^..—
$30c
3-20
Dominion Dairies, Ltd., 5%
pfd. (quar.)
■
$43c
5-1,
4-
4- I
3-20
t
4-
75c
(quar.)
3-30
4-
$1.50
.
50c
$1.75
25c "
Dry Goods Co., 4>/a%
Diamond
3-22
1
4-
Cockshutt
B
New
Clinchfield
3- 9
;
^
3-13"
4-
4-1
—
(quar.)
Hobbing Machine Co. (increased)
Molybdenum Co.
(quar.)
3- 6
3-15
3-20
0- I'/'
Own:
4-1
—..
preferred
3-15
V
3-11
45c
Cleveland
I
.
3-11
1
40c
(quar.).
3-30
•*•• -/$25c '• :•'•'•• 3-30/
—$26c/
3-30
Detroit-Michigan Stove Co.—
5% preferred (quar.)
5% preferred (quar.)
Devoe &• Raynolds. Class A (Increased)
Class B : (Increased)
Dewey & Almy Chemical, $4.25 pfd. (quar.)
Diamond Match Co., 6% partic. pfd. (s-a)
3-15
1
50c
$4.50
3-19*
4-
3-25
50c
;
4- 1 /
$2
Ltd.^ .Class A;:.( qiiar,)-.i;^:
———
$1
3-30
4- 1
Detroit & Cleveland Navigation—.—, «.
International ..Bridge
(lrrcg.) ______
8-15
4-
v
$1.75
Electric
3-30
3-25
75o
Detroit
3-11
$1.12%
3-19*
1
31%C
(ciuar.)
&
3-25
4- 1
•
4%%
Di
preferred (quar.)
preferred (quar,)——l
City Ice St Fuel Co. (Increased)
City Investing Co., 5%% preferred (quar.).
Cleveland Electric Illuminating Co., com
4-
?;,f
,
1
4-
10c
5%
8
4-
4-
$1.12%
—
1
3-30
$1.12%
.5 %
3-20
4-
3-9
.
$1.04
(quar.)
.
4-15
75c
Delaware Power & Light Co., 4% pfd. (quar.)
2-28
3-20
(quar.)_.....^.._.-»..
—
2-28
3-20
62 VaC
.
Quarterly
s Quarterly
Deep Rock Oil Corp. (quar.).,
Deisel-Wemmer-Gilbert Corp. <quar.)......
Dejay Stores, Inc. (increased)
2>elaware St Hudson Co. (quar.)
3-11
1
3-20
$5.14
$6
75c
—
(quar.)
Co.
4-1
3-29
$1.25
Long Hook St Eye Co., new (Initial).....
Decca Records, Inc. (quar.) .i.„
Decker (Alfred) 8c Cohn (quar.)
3-20
Denver
(accum.)
(N. Y.)
4-1
25c
.....
De
." "•
(quar.),
Gas
preferred
Cincinnati
3-15
3-30
^'4^1:
Mfg.
preferred
Cincinnati
3-15
3-30
partic. preferred Class A (s-a)
5% partic. pfd. Class A (stock dividend).
One
share
of
Hat
Corp. of America
1
.
3-28
5%
'
3-30
50c
(quar.)
preferred
America Class B
20
3-15
Co.—
preferred
5%
dividend).
7%
4-19
3-31
37%c
/
Burlington Steel Co., Ltd. (quar.)
Terminal Bldgs., 7% pfd. (accum.)
Butler
3-19
;f;\!;12%c
(quar.)—
(quar.)
;
,Bush
v»
!
1
(quar.)
(quar.) a.
Davidson Chemical Corp. (quar.)
...
Dayton St Michigan RR. Co., com. (s-a)—
8%
preferred
(quar.)...........
......
Christiana Securities Co.—
4-' 1
$25c
„
Inc.
3-20
1,
25c
15c
":
Co.,
Terminal
3-19
-
;
Bullard Company
Bush
3-15
3-15
4-30
'
$1.75
$1.25
4-
4-1
Extra-'
15c
./
Building Products,
Burd
4-
25c
87 %c
3-30
4- 1
$1.02
Co
Watch
3-20
4-15
—,
Extra
Bulova
1
4---i<
"•'''4—• 1::
(irreg.)^
15c
;
———$1.75
■
Budd
$40c
$1.25
—
—j— $1.02%
(quar.), $1.12Va
(quar.)
Chicago Daily News, Inc., 5% pfd. (quar.)—
Chicago Flexible Shaft Co. (quar.)...
Chicago Great Western Railway Co.—
5%
preferred (accum.)
Chicago Mail Order Co. (quar.)
,
Chicago Mill & Lumber Co. (quar.)
Chicago & North Western Ry., 5% pfd. A.¬
Chicago Pneumatic Tool Co., $3 pfd. (quar.)
$2.50
preferred
(quar.)
Chicago Towel Co., common
i
$7 preferred (quar.)
Chlckasha Cotton Oil (quar.)
2-26
4-
:
20c
—
3-20
Chesapeake & Ohio Ry.
2-26
4- 5
Bank
National
Chesebrough
.
2-26
Co., Inc. $3.60 pfd. (initial)—
L.) Co., common—
—3% % preferred (quar.)
7% preferred - (quar.)
;
Brunswick-Balke-Collender Co.^~
/
/
$5 preferred (quar.).
:
—
4-1
(quar.)
(quar.)
4-1
Co.,
(E.
Co.
4-1
5o
Extra
3-20
—
Chase
5
Shoe
..Bruce
4-L
.4-1-
4-
(quar.)......
Common
~
:
32%C;
Co., Inc.
priot preferrd
David (te Frere,
3-18
.
3-25
.
Davenport Hosiery Mills, Inc., 7% pfd..^.M
3-15
3-15
4-
$1.50
Chemical Bank & Trust Co.
4-5
(quar.)
1
4-1
250
37%C
(NY)—
(irreg.)
4%% prior pfd. (quar.)
3-15
4-
common
Transit
3-l8:^
•
.
Co.,
Dan River Cotton Mills—..
Champion Paper 3c Fibre Co.—
Power
Distillers
3-11
V -62%c
Co.
4-1
'
,-
3-18
(quar.)...
4-15
preferred (quar.)$$L50^
Brown-Forman
5
$1.02%
$4.50 preferred
(quar.)
Chapman Valve Manufacturing
2-26
15c
3-18
1
preferred (accum.)
6% pfd. (quar.)
4-1
5-i
$1.25
3-
3- 4
Co.
4- t
99%c
3-30
Cuban-American Sugar Co.....
........
25c
4- 1
Z 7% preferred (quar.).
—•-•■$1.75
4-1
::;7% 'preferred '(quar.)^^i^^*.w.^^ ;/.:;,$l.75//f/7-» l/
Curtis Publishfng Co.—
$4 prior preferred (additional)
........
$1
: 4- 1
3-18
4*1 U
1
3-15
4-
Corp., Ltd.—
Class A (quar.)—'
Brown Durrell Co.j
common
5%
preferred :(quar.)
—-s. v
3-20
3-31
500
■$1.18^.-/;
4-
1
4-
..
Columbia
3-2
$3c
6%
3-16
—
6%
4-1
3-20
Electric
3-29
$1.37 ya
(quar,>«
Crucible Steel Co.; 5% pfd.- (quar.»
Crum & Forster 8 %. preferred (quar.
3-12
3-30
prior pref. (quar.)
prior preferred—^
80c
■
3-12
3-30
6%
!••
-
j
3-15
1
4-1 a
15c
Certain teed Products,
4- 1
■••' 15c.v'
••
4- 1
3-11
Century
—
;„••
,,
4-
4-
...
(quar.)
(Chicago)—
600
$4
(quar.).
Co.
40c
/;:$l,75/'J
3-11>
preferred
4- 1
3-25
4-1
preferred
$$2
$1.12%
Crown Drug Co. (s-a)
Crown Zellerbach Corp.
$1.75
$2.50
(quar.)
Creameries of
3-11
initial
(Toronto, Ont.)
3-15
4-1
prior
3-15
1
4-
-
initial prefei.'ed
30c
4- 9
4-25
$1.75
...
1
'/
:
Tel.
1
4-
(quar.)
90c
4- 1
prior
4-
/
25c
'
59 %c
i,
4- 1
25c
25c
10c
Mines, Ltd.
4- 1
.
Amer; Inc. (increased quar.)
Crowell-Collier Pub. Co. (increased quar,)i.
1
$1.50
(quar.)
Gold
W
:
%
1
,
Crown Cork & Seal
4-
(quar.)..
Co.,
4-
*
25c
3-15
3-29
4-15
50c
Central .Vermont Public Service—
3-15
5-20
——
Columbia Electric Power & Gas
3-23
$1.50
4.15%
>
Ltd.,
3-15
-
1
Central Telephone Co.—
,
British
/
$2
/',* 60C./
v;
Central Steel & Wire,
3-30
3-20
4-15
conv.
British
4-
$1.50
$7
.
/
3-30
$$1.75
Central & South West Utilities Co.—
3-1
4-15
Bridgeport
>
3-15
i—
preferred (quar.)
$6
common—.'
- 15c
preferred (quar.) ——i— $1.37 %
Gas Light___-___—_----r#-—.
35c
Briggs Manufacturing Co. (quar.)^_
50c
Briilo Manufacturing Co., Inc., common-—
•// 25c
$2 partic./ preferred A (quar.)——
50c
Bristol-Myers Corpi—
-*
-<:* /
/
3%% participating preferred (quar.)—
93%c
British American Assurance Co. (s-a)——
$$1.50
British-American Oil Co., Ltd. (quar.)—
$25c
British-American Tobacco Co., Ltd.—
•. i Ordinary bearer (final)——.——
7d
Ordinary registered (interim)
lOd
Ordinary registered (final) -———
7d
5% preferred bearer (s-a)
2%%
5%%
/
•
3-18
3-30
—>
3-
3-8
$50o
—
4- 1
$1
(quar.)
preferred A
preferred B
Central Patricia
3-20
■
Extra
3-15
preferred (quar.)..
preferred (quar.)..
7% preferred (quar.)
Central
Paper Co.,
Inc.
$$1.50
..
1
•;/.//■ $1
-
Trust
2-28
1
4-
$1.50
———
4-
6%
3-19
1
3-30
37%c
..i/———.
3-14
$6
50c
preferred (quar.)-—
pistillers (Vancouver)—
1
Quarterly
/5%
3-18
Brewers &
Annual .
4-
1
Co.—
&
$20c
„j
6%% pfd./(quar.$1.62%
7% partic. preferred (quar.)«.
$1.75
Cooper (Peter), 6y2% preferred (quar.)-..
$1.62'/a
Cooper-Bessemer Corp., $3 prior; pfd. (quar.)
75c
Cornell-Dubilier Electric Corp.—
$5.25 preferred (quar.)$1.31 ys
Coro, Inc.
$1
Coronet Phosphate Co.
$1
Cottrell (C. B.) Sons, 6% pfd. (quar.)
$1.50
Crane Co,, common (quar.)
25c 4
3-11
(quar.)...-.^.——
Hanover Bank
/
•
Pa.)
--i:
Continental
.
(quar.)
'
•.43%c,'.':.;"-
(Reading,
Assurance
"Quarterly
4- 1
3-29
.
1
(accum.)
4.10%
(quar.)
Central Illinois Light 4%(% preferred
Central Maine Power Co.—
3-20
4- 1
;
(quar.)
Gas
&
preferred
4.10%
'4-15
1
4-
3-15
50C
(quar.)...
Common
3-25
4-25
./
2-25
1
4-
50c
Central Illinois Electric St Gas Co.—
3-20
3-30
3-30
4-
;
(quar.)
preferred
Co.
$1
Continental Diamond Fibre Co.—,
10c
Oil
Co.
(Del.)..^«;
—v
40c
Fibre Products Co.,.Inc.--?
Central
3-15
3-29
.
Cordage, Ltd.,. com. (interim)™
$12%c
$1.30 preferred
(quar.)
—:.™ t$32%c
Brazilian Traction Light & Power Co., Ltd.—
'
'>
,
~Bt/o
:
3-15
r
3-20
^
,;:y/ Common-; (quar.);;.
2-21
/
4-1
$1.25
preferred
(quar.)
America, com.
of
Electric
3-20
$37%C •>"
preferred
Gas
4- 1
.
l,
Continental. Baking Co., $5.50 pfd.
Continental Can Co., Inc.—
$3.75 preferred
(quar.)
1
1
4.
4- I
Continental
(quar.)
preferred A
Central
/
Brantford
6%
1
1
2nd
$4.75
3-20
4-
Corp.
5-
5-15
4-
$50c
/
5- 1
6-15
3-1S
/' 600";
.lltn[
15c
1st preferred
Central
3-20
4-
4150
$$1.25,
$$2
4- 1
>
common
Consumers Power, $4.50 pfd.
' Lines
-
3-29
75c
w.^;;C68%c
Corp.,
(quar.)
Continental Air
i;
5-1
Power
(quar.)
Steel
preferred
-Continental
;
of America
Corp.
$4.75
'7%
9
''
w.
Brager-Eisenberg Co.
-
Catalin
3-15
•'•'"•4- 1
4%% conv. preferred (quar.)^————- $1.12%
Borg-Warner Corp. -•—/' * • 40c
Boston &, Albany RR.
:—
$2
Boston Elevated Ry,
(quar,)——-———
$1.25
Bower Roller Bearing Co.—
———
50c;
'
3-
3-15
Ltd
Manufacturing Co.—
preferred
Celanese
3-23
'•
3-30
•
O 3-30
22 %C
$1.75
$1.12%
75C
Blumenthal
1
3-29
4-15
/
/
—
-
,
30c
(quar.)
Steel
Bethlehem
$25c
*'$$2
50c
3-29
4-30
(quar.)
Cassidy's, Ltd., 7%
$17%c
5%
4-30
750
Co.,
preferred
$1.75
Consumers
$$1.50
quar.)
1st
$2.75
Press, Ltd., Class A
Retail Stores, Inc.—
(increased)
Consolidated
S
4-15:
v
Common
,
3-15
$$1.75
(accum.
4%
Consolidated
4-15
$$1.50
Carthage Mills, common
6%
preferred A (quar.)
6% preferred B (quar.)
Case {Si I,) * Co., commoa^.—............
7%
preferred
(quar.)
3- 8
4-
Co.,
Consolidated
1
;
r
$1.25
,
8t
i,
3-30
/
\
J,
Light
12-10
3-23
25c /
500,
(quar.,
4% preferred C (quar.U_..™.;™™,.,.i,
Consolidated
Investment
Trust
(Boston,
Mass)
(irreg.)
^
3- 1
:;/4-;l;:
(increased quar.)
9-10
'
-4-1
,of Baltimore, eommon (quar,)
—90c
4Va% preferred B (quqr.)$1,12%
Consumers Gas Co.
Carolina Telephone & Telegraph Co. (quar.)
Carrier Corp.,-4%
preferred (initial)
3-15
'?■ 4-
5%
:'u
A
(Philip)
Common
3-15
4-1
$25c
.
Carey
3-14
1
4-
4-1'
^Belgium Glove St Hosiery, Ltd—Common (Initial)
...—-——
-
3-
$$2
—
(irreg.)
Westinghouse
■
3-14
1
Belding-Corticelli, Ltd., common (quar.)—
$$1
". -7% preferred (quar.)-.;..———$$1.75
,
3-15
1
4-
$15c
Co.'; (irreg.)
Transit Co.- (quar.)i.^...
Carnation
3fl6
,
4-1
;
3-31
(increased)
$1.50 Class
Cannon Mills
Capital
3-16
l
:
:
3-15
1
4- 1
t
3-15
4- 1
/
'
Wirebound Boxes—
Canadian
J
4-
:
150c
Beatty Bros., Ltd., Class A (interim)—.—
Class
B
(increased)..
3-15
3-30
&
3- 9
1
4-
40c
$1.37%
1
4-
Ordinary
9
,
3-
$2%C
Canadian
9
3- 9
preferred (quar.)
?
2% preferred (quar;)*/^/i.^^..^^^.^;,.»i,
Canadian Pacific Railway Co.—
3-11
$1.50
$1.75
45c
35c
9
3-
1
5%
1
^
.
preferred (quar.)
7% preferred (quar.)-.——
:Bankers Trust Co. <N. Y.)
(increased)^—
Barber Asphalt Corp. (quar.),—
Bastian-Blessing Co.; common (quar.)
6%
Ltd.—
(increased-
3-
1
1
Extra
3-23
3- 5
1
4-
/
]•
Common-
3-30
20c
$1.25
—-
3-15
-
A
1
4-
3-31
:
Common
3-~l
4■
Co.
Cigar. Corp.
$3 preferred (quar.)'
Consolidated Gas Electric
9
4-
Investment, Ltd.—
(quar.)'
Industries,
3-
4-
Common
B
(increased).
;
7% preferred (quar.>..i..^.-i,...^^i./4-Canadian Oil Cos.-—
1
3-30
$1.37%
pfd. (quar.).
Chemical, 5%%
Corp.
General
Regular
Canadian
3-20
3-15
2-28
$30c
2-28
1
1
4-1
$45c
Extra
l
4-
$43 %c
$43%c
5
4-
1
General Electric Co. (quar.)
>
1
4-
$150
(increased)
common
Canadian
:
3-
Consolidated Edison Co. of. New
York, Inc.r$5 preferred (quar.)
1.
Connecticut Gas & Coke Securities Co.—
Consolidated Biscuit
■
9-15.?
12-15
:
$20c
(quar.)
R09i
6-10
6-15
;
■
$1.75z/ 4- l
75c
4- 1
(increased)
(Canada)
Consolidated
$500
(quar.)
Ltd.,
Power
Bakeries
1
$100
(quar.)..
Canadian
"4- 5
•v
4-
25c
F.) & Sons Co., 6% pfd. (quar.)/ .; 37 %c
Axelson Manufacturing Co, ^ quar,,
106;
(B.
«Bancohio
preferred
Connecticut Light 8c
Of
•
.
i$1.50
.
$$1.50
3-
±5C
1
\ 4-
/;'//.25c
(quar.)
.'6%
^
3-20
$27 %C
$25C /
•
——I
3-20
$$2
3-20
25c
i
—
/
3-15
3-30
5-
(quar.)-^Ju--^^.^^-U^;i:;:^lc
Automobile Insurance Co. (Hartford)
Avery
•
preferred
$1.75
Canadian Cottons,
3-18
3-15
.»5- 1'
K //.90c
—......
Atlas Corp., Common (s*a)._——
6%
3-30
$$1.50
L.;
Holders
Payable
-
/
4-25
$25c
(quar.)__
Bhart
■
;/ 4-15
$25c
Canadian
3- 7
3-31
Quarterly
Quarterly
Quarterly
'
(Toronto)—
I: Conn (G. C.) Ltd., 7% prior preferred
3rl5v
,
x -v
/v''4-'-l/
(quar.)
common
3-15*
1:,
4-1
■
$75c
convertible
preferred (quar.)
Participating
Celanese, Ltd.
(quar.).....
/;/
7
,
,
(initial)
B
Ltd.,
4-
0
$150
60c
2-11
3-
3-30
50c
$1.25
(quar.)—
com.
Canners,
3-15
3-15
/Consolidated
preferred (quar.)
Participating
3-13
3-31
10c
(quar.)-..//
preferred
5%
Atlantic
;
v
4
3-25
..
(quar.)_.
Extra
Ashland
3-
12 %c
V 120(5
JIOC
Corp...
Corp.,
Asbestos
25c
^ 5%
(111.)—
v;':/,
/;.v./prior preferred (accum.)
$1.50
Armstrong Cork Co., common (interim.) 1—
250
conv.
/
.
1
:>
$$1.75
Mortgage
Breweries, Ltd.
1
3-30
v-
$L06%
1
(quar.)
Permanent
3-
Confederation Life Association
1
$$1.25
Canada Packers, Ltd.. Class A (s-a)__
Class B
(s-a)
:
Armour & Co.
$6
preferred
-
3-30
$20C '
'
:
/
Ale, common....,
(quar.)....
preferred
/
(quar.)..**•.—.*,
——
*«c.
6% pfd. (quar.)_._.
150
Western Gasr Co.—12 %c.
•
".T
2-22
3-20
$10c
...........
'
7%
:
(irreg.).
Northern Power Corp., Ltd.—
/; Common
(quar.)
3-15
/
When
of Re0.
3-20
Ginger
Dry
$4.25
■
1
Cycle & Motor Co., Ltd.
preferred (quar.).
Canada
3-20
4-1
$1.25
•; Payable
$$1,62%
1st
Canada
3-11
4-
Share
Name of Company
/
Canada
6-22
6-22
3-11
Natural Gas,
Arkansas:
:
7- 5
3-30
$1.75'
$5 preferred (quar.).....—.—-—-Arkansas Fuel Oil Co.—
preferred
3-15
.
<
6%
1
;
Canada Cement, Ltd., 6%% pfd. (accum.).,
Canada Crushed Stone, Ltd. (quar.)
3-15
3-29
50c
25c /; 4-1
Apex Elec. Manufacturing Co., com. (quar.)
7% prior preferred (quar.)*...—*-*—*•—*
Arizona Edison Co., Inc.-—;
Arkansas
'•'•'
7- 5
:•••"
"">,?• V-" 1SC
Anaconda
:
J5c
"75c
■'$2.25
——
--
1
v
ojReo.
Puyaole
Share
,
/ When
Houtert
When
■rer
Name of Company
American
Monday, March 18, 1
Boldart
Per
—.....
'.t ' 750
4-
1
4- 1
3-
8
3-2$
'
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
>
Per
Name of Company;
-•
Electric Ferries,
Electric
Household
Utilities
Electric Power & Light,
$7
preferred
Electric
(quar.)
prior preferred
6%
v
4-
1
3-15
4-
1
3-15
7:
4-
1
(accum.)
$1.75
%
Paso
Elgin National
Watch
Emerson Drug,
8%
50C
(quar;)
pfd.
3-25
7
4-
/
4- 1 \
.
-
50C
Co., $5 pfd. (quar,) •
\ 4-
1
$6
preferred
preferred
(quar,)-
1
4-
1
3-14
;7 4-1
3-14
■
$1.50
(quar.)
Erie Railroad Co., $5 pfd. -A (quar.)——--*,'
$1.25
$5 preferred A (quar.
$1.25
-*—*.-#*
7 $1.25
ir, $5 preferred A (quar.
Evans Products Coii (quar.)——^
12 %C
Eversharp, inc., common (quar.)-^——; V.7: 30C
/ Extra
,,,;
L
7 • 20C
<5%
preferred
(quar.)
preferred
(quar.)
,
Corp. ' i--—
Company (quar.)
'
preferred B
Players
New
3-14
I
4-
3-
9
3-
—.
1
4-
0
1
,
9
1
3-
9
7 3-23
3-
9
4-
37%C
-
-Grinnell
Ltd.—:
:-i—_
'
$15c
-
37 %c
(quar.)_
3-30
3-15
x
Quarterly
$2.50
federal Bake Shops
<■
Extra,
1
50c
——
3-30
3-16
—
3-16
Hall
3-27
3-18
3-22
75c
3-20
3-
10c
3-30
First
Co,
National
Stores, Inc.
first State Pawners Society
;
I
,
'
Aircraft,
Power
(quaf.)_,..„,
6%
Harrisburg
Wheeler
1
3-11
3-30
3-20
Corp.,
com.
6-
|
1
Hercules
Galr
A.)
Co.
$1.18%
50c
4-4
4- 1
-
3-20
7.
r
40C
3-15
3-15
tl2'/2C
4-
1
3-20*
75c
4-
1
3-25
4* 1
»*•> 25c
7
1
3-15
1
44-
1
37'Ac
7-
Qq.,
6%
9-16
3-29
3-20
1
3-19
4-18
3-30
4-
4-25
3-30
4-1
5-
1
4-
1
4-
1
i
20c
Corporation ——^
Garfinckel (Julius) & Co., com.
(increased)
5% %
preferred (quar.)^^__
10c
3-20
3-
Galveston-Houston Co.
(quar.)
_•
Garrett
■7
6%
8
,
40c
3-30
3-15
Gatineati Power Co., common
preferred (quar.)
7 ; 5%
3-30
3-15
5%
122c
4-1
7: 3-:l
;5%
(quar.),;.,,
1S1.25
———
5% %
preferred
(quar.).
Gemmer Mfg. $3 partic. pfd. A (quar.)
General American Invettorf Co., Inc.— '
$4.60 preferred • (quar.).—--_.
$$1.37
—
Co.
Box
General
Electric
(quar,)
Mills,
Inc.,
b%
"f
$1
$1
O-AJ
5-25
1
3-20
Harvester
Glens
Coal
Falls
Glidden
pfd.
40c
3-27
convertible
Globe-Wernicke,
4-
1
1
•
4%
Telegraph
State
Co.,
preferred
Goodman
Goodrich
$6
(B.
(quar.)
5%
3-20
3-20
25c
5.
$1.25
.
$1.50
.
r
21 %c
•
-
1
1;
1
4-1
Grace
Graham-Paige
'•
j
5%
5%
preferred
conv.
A
9-20/
12-20
4-1
3-20 ;
*
$10c
il5c
3-30
.75-,l-/'v
t, 3-20
3-1
4-1
v
preferred A$100 par)
preferred
($5 par)
3-7
3-14
3-11
4-15
4-1
'
25c
3-25
$75c
3-30
25c
4- 1
,
7
,3-15
3*20
:
,
3-15
4-15
(quar.)..
137'Ac
4-15
3-15
65c
4-15
3-16
/':;7^;.7h7:5:v"7-
;
«
Ltd.'—■,
'$i*
3-29
"3-15
-
,/
(quar.)
,
(quar,)-.-..-*..^**
:
$1.75 >
', -83Ac
.i-
4-*l
8-
^.;'5Quarterly7;77-u^^7-7-:7.--;.7-.--7r-i^-^• $40C 'Yj;3^3^7772*28 "
1
3-13
International
4-
1
3-13*
International
$1.12'A
;4* i •'
;;V4^1"77 r
,
3-18
3-18
3-31
40C
3-29
4-
$1.50
-
3-13*
7; -3-20
.
5c
•V
1
4-15
Investment Foundation, Ltd.—
3-29
3-30
r
s/rvf-
75c
3-22
r.7: $1.25
3-30
3-
—4;
.•
Co.*
Ltd.
(N.
Y.)
$$i;
4- 1 C)r
$62'Ac 7 4- 1^7
8
(quar.)'7_7 :77:
75c
3-30
3-20
3-27
.
7: 7:25c
(stock div.)__
3- 1
3-1
3-20
(quar.)..
6-28 7;
7 9.09%
62'Ac
31'Ac
Iron
Fireman Manufacturing Co.—
Common
T!
s- 1-7:';
4-10
■;
•7:7 Common
3-31
4-20
Irving
Irving
Air
7,7:-a;.
.(auar.)
—
(quar.)____.
tquar.l—
Chute Co.
Trust Co. ,(N.
i
—
—-
(increased)
Y.)
(quar.)
62'Ac
—
$2
$1.75
■
30c
30c;
30c
25c
15c
6-10
j.
4-
1
4- 1
3-15
/.S-t&I
-jt
'
,3-20*
3-20*
3-13
3-15
3-16
3-20
3-22
4-20
,
6-21
3-ie
3-16
3*15
—„—,
—
73-30
4-15
4-15
3-30
^"Oc
20c
250
-
(quar.)
—
Corp.—^
preferred (quar.)— ,
$1.50
Co. quar.) — —
75c
Drydock- Co.,^ common-,77,^7/^ 37%c
Co.,
6%
L()
Mascot
.
•
•7-
Oil
Massey-Harrls Co.. Ltd., common (initial)—
Mathieson Alkali Works, common (quar.)w—
7%
preferred
(quar.)
McClatchy Newspapers, 7% pfd. (quar.)—_
;
7% preferred (quar.)
:.>
7%
preferred (quar.)—\
McCord Corp., $2.50 preferred (quar.)
McColl-Frontenac Oil, Ltd., 6% pfd. (quar.)
McCrory Stores
Corp., common (quar.)—
j
—
conv-
McKesson
preferred
& Robbins,
vin!i$'Iengel Co.
—
(initial)*,,
$4 pfd; (quar.),
—
^5c
:
3-30
4- 2
4-1
3-30
3-
4-1
3-20
3*
8
4-
4
3*20
3-20*
3-30
3-12
4- 6
5-1
3-29
4- 1
4-1
7. •
4- 1
5-1
4- 1/
3-22
4- I
;
3*11
3-7
•'"4- 5
73-20
3-15
:
:'7 3-15
3-16
3-15
3-20
4-15
4- 1
i'7
y *
4-1
3-18
4-15
25c
3-30
SL75
3-JO
43%c , 5-31
43 /4Cv,*; 8-31
43 4c
il-JO
62'/2c
,3-29
3rV5
7 3-23
4-1;
3-31 :
4"1®
,
1
3-21
4-_l
Co.
Extra
4
3-20
4-25
$17%c
common—
3-
$2
_
Maryland
4- l .
7%
preferred (quar.)——7—,2%a
Massachusetts Investors 2nd Fund (irreg.),
9c
3-20
7 '
12- 2 /(oil- 9
Basket,
(Glenn
Martin
5-10
8-10
9- 3
4-25
7-20
10-28
37'Ac
—
(Ky.), com
(quar.),—
Preferred series A
Marshall-Wells
8%/
Common
Corp.—
.....
7
Electric Co.
(quar.)
Marlin-Rockwell
'
•
pref. ■ <quar.)
1 t756 t^f.;4-15 v.r 3-15
Royalty, common (s-a)__..ia.x.
>
.c;2c u;^!3-23 77 ' 3-13
preferred
(s-a) 7. 7
SI 1 r 3-23 77
3-13
Iowa Power & Light Co., 6% preferred
77:7 $1.50 7 4- 1.77.
a;
7%, preferred
$1.75 7 7 4- 1 75.5
Iowa Public Service—
^::7 ;"7
5,77777;;' ''7.. '77
77 Common
(increased
quar.)-^
15c
4-1
3-20
$6
1st preferred
(quar.)
...—7
$1.50x7
4- 1 7,5 3-20
$6.50
preferred
(quar.)—.—
$1.62'A
4- 1 77; 3-20
$7 '1st preferred
(quar.)—__7_—
$1.75
4- 177,3-20
3- 8
(increased)
(quar.),,
x-,,7;—
Gas *&
preferred B
Market
convertible
6%
7:-''
4-20
;
4- 1
37'Ac
1$1
$$1.75
/ -
(quar.),,,-———,,
Initial;
7%
/
Investors
3-15
3-29
51;
preferred
Common
3-15
Paper Co., common (resumed,)^
,>;?i60c:<iiu'-8»-306<> .3-'8
77.: 5% convertible preferred (quar.)—'? $l;:25fr
3*11
7: International Salt Co.—,bu60c^')k>'4« lrt/73-15*
"International
Shoe
Co..x:—..iuuaaiu
'i»ni4Sd.b»' =4- I
7; International Silver. 7% pfd. (ouar. )2LU_l<i .f4bn$ii.75;':
%"-Mt2-15
Investment Co. of America (quar.l.^iLi'J.'f Y
ih:250;riv 4^ !
, 3-12
3-15
1.? •:
Telegraph- (quar.)
3-21
3-21
4-,l.
3-15
3-29
3-11
3-30 7 3-11
3-30
3-11
3-30
3-71
3-29
3-16
4- 1
4-17
.5-1,
3*15
4-1
...
2-28
.7
7
4-^1.
preferred ($100 par) .(quar.)
|
$1.25
preferred ($25 par) (quar.)
31'Ac
(Walter M.) Co. (quar.)
$12%c
Lunkenheimer Co., 6%% preferred
—
$1.62%
Lynn Gas &.Electric Co. (quar.)
—
$1.25
Lyon Lumber Co.,——-7,7—■———75c
MacFadden Publications, Inc., common.^—
50c
7 $1.50 partic. ; preferred*.ix-7,rf_—*.w-„*-750c •
Macmillan (K. R.) Export Co., Ltd
$5c
Macy (R. H.) & Co. (quar,)-—
—
40c
Madison Gas & Electric, 6%% preferred—
$1,567
Magor Car Corp.—,—
^—
20c
Maine Central RR., 6% prior ptd. (quar.)__
$1.50
Manufacturers Trust Co. (quar.)
——,
60c
Mapes Consolidated Manufacturing Co.—
Increased quarterly x,—,x,7—®0C ,
Maple Leaf Milling, Ltd. (initial)
—' $50c
Marathon Corp., 5% preferred (quar., 7 -$1.25
Marine Midland Trust Co. (N. Y.) (quar.),
30c
Marion Reserve Power Co.| ^5 pfd. (quar.)—
$1.25
Marsh (M.) & Sons, Ltd. (quar.)
40c
Marshall Field & Co., 4%% pfd. (quar.)—7
$1.06% 7
Maritime Telegraph & Telpehone Co., Ltd.—
,7
7 '
3- 8
3-31
,
3-15
4- 1
4- 1;:
4- 1
4-30
7-1
4-1
5%
3-15
3-15
4-
4-
Corp.
Taylor, common
Louisville
International-Ocean Securities— ' i' *
4% preferred (s-a)—:
—..—; 3- 9
.4-' l-v;
&
7%
:•',
3-1
3-30
3-15
*
Los Angeles Shipbuilding & Dry Dock—
3-12
50c
3-15
2-27
3-30
$5
2-28
$1
;
*
4- 2
$1.12%
7; 3-11
3-3L
4* 1
2nd preferred (quar.)——$2
Lorillard, (P.) Co., com. (interim.),——,,,
25c
3-18
4- 1
■
3-31
8%
4-1
4- 1
4-15
4- 1
4- 1
3-22
5
5
5
4-12.
.
—
_—
(interim),,
(qdar.),—.
Lord
3-20
4-
7-
10-
5- 1
8- 1
11-1
4-12
—-
.
Lone Star Cement
3-20
Ocean
'
—
(quar.)
preferred
3-28
3-31
?$1.25
(quar.)..
Co.' of. Canada,
7%
.
(Marcus) Theatres, com.
7%
2-12
2-12
3-29
3-21
3-12
10c-
3-30
4-1
120c
7%
(Fort
—
Inc.
Loew's
"
,
4-23
5* I
30o
30c
—30c
25c
(quar.)
4-30.
'
$1.25
(quar.)
International Nickel
;
Insurance
.7;
Loew's,
*
'57 2%c
International. Minerals- & Chemical—
4% preferred (quar.).
3-5;
v
—
2*12
,
A
preferred
Life
x-„~—
■
3-15
3-30.
75c
(quar.)—
class
>
(Increased)_—
"
n
...
(quar.)
preferred
shares,
participating
6%
■
3-15
56'Ac
;
—...
—J
Motor
6-19
' *9-30
3-15
3-22
,
8-15 •
11-15.:
.25c
25c
Lowney
3-15
3-29
quar.
...
National Bank
3-20
6-29
3%
3-15
-7
/
77. $1.75
Co.; (irreg.)
(quar.)
Gossett ' Mills
Group
International Harvester Co.
4-20
3-30
$1.25
quar.)„.._.
(quar.)____
•Gorton-Pew 'Fisheries
preferred
62'Ac
*
25c
(quar.)_
-Iilpe-Rollway-Corp,, class A (quar.),* 12%c
$1 conv; preferred (quar. l_7
7;
25c
Lipton (Thomas jr.), Inc./ 6% pfd. (quar,).
87%c
jLock Joint Pipe Co., common- (monthly),,
$1
; 8%
preferred
(quar.)—
$2
7 Common
(monthly
$1
8 r!o
preferred
(quar.)___
$2
Locke Steel Chain Co. (quar.)
30c
;
Extra
:
10c
Lockheed ' Aircraft >Corp.,i
7,
50c
7i$3.7577 4*,71^3-307
'
Steamship Co..
International Bronze Powders, Et<l«—
4-20
5*
4-
25c
——.Ill
P.) Co., common.^
preferred
Extra
'
$1.06 %
__I t;
<quar.)i^__
(quar.)
.
'
(initial
(increased
3-30
$1.25
Interlake
Goodyear Tire & Rubber Co. of CanadaCommon
3-15
i°nC
40C
common.^.i...........
Manufacturing
preferred
4-1
$1j25
preferred Series A7(ouar,),
Bank
3-15
(quar.)
,
Golden
Lion Oil Co.
50c
preferred
Stock
3-19
3-15
1 5-17
$1.25 *; 12-30
Corp., common (quar.)...
$4.50 preferred A (quar.)......
.—7
Inspiration /Consolidated Copper (quar.)...
Institutional Securities—•
3-15
4-
:
Sugars, Inc., class A (quar.)L,~~
$4.50 preferred (quar.)^.—...
Goebel Brev/ing
Co.
(quar.)
&
3-30
6- 1
$1125
.....
convertible
45c
$2.50 pfd.
3-25
4-15
6- 1
4- 1
5-15
4* 17
7 3-13
3-27
National
3-30.
3- 9
%
3-19
4-15
4-2
"
inter City- Baking, Ltd. (quar.).i.j.......
25c
Codchaux
Gold
:
3-11
-3-30
v'
,
•
3-19
3-15
3-15
$1.12'A
——
(quar.)
7%- preferred
-
3-20
3-20
3-30
4-15
4- I
^^7-7,*.r77*.x7x^.-.H,7,i.„—i-J-'. -15C
10c ;
$1.50
$$1
•
20c
,
3-15
5-1
$1.50
.
4- 1
7; 50c -preferred.
"■ 12'Ac Liggett & Myers Tobacco, 7%« pfd. (quar/>»; 4/^1*75 7
Lima Locomotive Works, Inc.. (quar.).,,,,,* \ ; 56°
3-19
5%
B
3*12
,
4-1
& Sons (quar.)—, t25o
'Quarterly
Quarterly
-Quarterly
40c
'
Industrial Rayon
3*11
4-1^
62'Ac
Co.,
'4'/a%
3-11
Liberty.Class
3-15
Lincoln
3-20
3-11
3-30
3-15
4» 1
30c
Co.
-
3-8
3-25
5%
3-11
—
Insurance
7
3- 2
Industrial Acceptance Corp., Ltd.—
3-11
Corp..
Co.
$1.25
3- 9
3-15
„
,
—•
$1.50
Bell
Common
4V4 % preferred (quar.)——1
Alden
4-1
4-1
—
Glen
8
$2.50
•
Liberty
*3-30 *
3-26 ^
4- 1
3-12
,/
3-21
$1.50
$1.75
—V.
—^—-
common
Co., common
2
4- 1
4* 1
7/7 /
25c
preferred (quar.)——*.*—i--.62'Ac , ;
& Wilkes-Barre Corp. (quar.)
$2
Aircraft Products-—
;
7 7
• ;
preferred (quar.) „7.——7—
31 Vic
Loan Corp^ class A----,—,—77*.7-7.7.15c ;•..
&
Leath
-1
•
Co.,
6-20
9-20
12-
3-21
$1
(interim)
& Sessions Co.,
Lehigh
'3-20*
7
.
3-20
■
4-1;
4- 1,
3-25
-, 3-25...
<$1.18%
;
3-2a
12-23
Power
Lang (John A.)
8-21
7
4-1
7-' 1
10- 1
$ Langendorf United Bakeries, Inc., 6% pfd., 7; 7 75c
11-21
3-20
-
40c
Common
3- 4
' 3-28
John
Common
,
4- 1
' 3- 9
4- 1,
: 3- 9
6- 177 5-21
40c
3-15
3-15
$1.06 %
preferred (quar.) 1c—--——7—
Genesee Brewery (Rochester), Class A—.
Class B i.«»—-i.—
Georgia Power Co., $5 preferred (quar.) w
:
$8 preferred • (quar.)--!——
Gerber Products Co., common (ouar.)
Gleaner
4•
3-29
—
4 V* %
.
:1'725
717::'
St.
9-1
—
8*
20c
(quar.)A———————^2.7'
$5
3-
$1.50
——
Co.
Gillette Safety Razor,
?
Lake
12- 1
Incorporated Investors
20c
Indiana & Michigan Electric Co.—
'
4'A% preferred (quar.)$1.03%
Independent Pneumatic Tool
50c
Indianapolis Bohd & Share Corp
18c
Indianapolis Power & Light (quar.)
30c
5%% preferred (quar.)—........—...
$1.31'A
Indianapolis Water Co.-— - .
3*16
2 /
71.. 7
25C
preferred (quar.)
General Tire & Rubber Co.—'
;
1
25c
(quar.)
414%
-
/'
$1.25
—
•
■
.
25c
(quar.)
(final)
Preference (s-a).-i——.......
5-10
20c
General Telephone Corp,, common (quar.)
$2.50 preferred (quar.)^—
General Time Instruments Corp.—-''
4* 1
3-30
>
56'Ae
Fibre
Common
o-lu
25c
^
3-23
3-1
3-16
Landis Machine
$1.50
3-15
4-
—
com.
Lamson
4- 1
3-20
25c
25c
25c
•
Co.
(irreg.)——
77;y7;5c '
& Paper,*wx—7—r,
$50c
Light
Lamaque Gold Mines
;
9
4-15
$1.25
iquar.)_
7
Common.
3-23
Gas
3-19
35c
...
3-1
3-
4-25
vfc,15c
(quar.)
preferred
Railway Signal Co.,
preferred (quar.)...
Refractories
7
$1.75
General
6%
7
1
7 30C
(irreg,)—
preferred (quar.)
conv.
2nd preferred (quar.)
General
4-
2oc
preferred
$5
1
1
44-
5c
(quar.)
-
Motors Corp.,
General Paint Corp.
3-20
1
40c
General Fireproofing Co.—'
General
7
$2
preferred A (s-a)-——
6ft preferred B (s-at——
7% "preferred (quar.)
General Instrument Corp;
Laclede
4-16
'
preferred (quar.)_^.._____._._.
preferred (quar.).
preferred (quar.'
Illinois
Ltd.
(John),
4-26
Telephone.
Imperial; Life Assurance (Canada) (quai'.)7
Imperial Paper & Color Corp
Imperial Tobacco Co. of Canada, Ltd.—
Common (interim)
3-22
4-
1 'Ac
(quar.)——Corp. (quar.)—
General
3-
1
Labatt
3-29
25c
preferred (quar.)
Hyde Park Breweries (irreg.)
1
1
1
4*
$1.06'/«'
5%
1
4-
62 %C
...
5%
'
3-
4-
$1.12'A
Co.
General Finance
1
3-15
20c
(quar.)—$25c
Quarterly
'
75C
General American Transportation (quar.)
General Baking Co., $8 preferred (quar.),.
General
4-
4* 1
31'Ac
50c
50c
preferred
5%
34%C
J
"
-47 17
15c
:
Corp., common...^....
(quar.)
.....
Huron & Erie Mortgage Corp. (quar.)..7*-.
Huttig Sash &
3-15
3-12
3-12
——
La CroSse Telephone Corp., 6% pfd. (quar.)
La Plant-Choate Manufacturing Co., Inc.—
3- 9
3- 9
3-20
3-23
3-25 77 3-14
preferred - (quar.:)-«-^-.iiw^wi«7..*.^'- $1.12(A
preferred
6%
7731-: 7*
!
1
15c
(monthly)—
—.—..7...——
Hummel-Ross
4-15
30c
4%%
3-22
3-15*
50c
...
Hoskins Manufacturing Cok..—Lw———.i.,
Houdaille-Hershey $2.25 preferred (quar.).
Hubbell (Harvey) Inc. (quar.)_
Humphreys Manufacturing Co., common
3-19
(quar.)l-
preferred
:••••
3-22
4-1
25c
31'Ac
: v
6-15
:
Bartlett & Co.
4-
$1,757
7——
.
1
3-12
1
:
—
Kresge Department Stores—
$4 convertible 1st preferred
Kroger Grocery & Baking Co.—
6% 1st preferred (quar.)—i
7% 2nd preferred (quar.)
1
8
4- 1
5- 1
25c
(quar.)
,
333-
.
4- 1
.
1
2-28
1
4-
''
^ 3*12
3-15
25c
.; *2c
—
Koppers Co.,
Inc., common
4%%
preferred (quar.)
7 3-29
4-1
$l
^$4.25; preferred fquar,
Hoover Co., common.,
3-15
,
10- 1
Co.,
'37'Ac
Homestake Mining Co. (resumed).
Hooker Electrochemical Co.—
3-15
1
37'Ac
.
3-15
4- 1
Co., $2.70 pfd. (quar.)— ;
67%o;
preferred (quar.)—
"
62'Ac
Knudsen Creamery Co. <quar.)—^
7,
5c
Extra 'LT-ii
x-ixl.—x-—5c 7
3-20
4-
—
3-15
7
1
37J/2C
•
3-21
7
4-2
Hollinger Consolidated Gold Mines-.
—v
$10c
(George W.) Co., common (quari),,^
.
•
$1
7%
preferred ; (quar.)—..
.
$1.75
Holt (Henry) & Co., $1 class A (quar.).—*.
25c
$1 class A (quar.)——
25c
$1 class A (quar.)
—..—_
•
;
25c
3-15
4-
37 %c
(quar.),
1
4*
75c
-
4-1
Holme
3-20
4-
15c
Co..;
Monthly
3-30
481.50
4- 1
1
4* 1
-4-
12'Ac
—
$2.50
3-15
3-11
$1.12'A
—'
—
—;
3-15
3-22
37'Ac
(quar.)
common
3-15
.
Co
Corp.,
3-14
1
1
1
4- 1
3-30
Knapp-Monarch
»7;,7 ;*• "•7'
Hickok Oil Corp.* 5% preferred (quar.)-...,
Hinde & Dauch Paper Co., common
*
Holland Furnace Co. (quar,)-:.
3-15
7:4-.-r'
of
(Robert)
Powder
&
4-
$1.12%
' 4- 1.
25c
3-30.
7V 7 25C .•,3-30
25c
4* 1,
(quar.)—
Quarterly
3-21
$1.25
3-30
Hibbard Spencer
.(quar.)
4- 6
75c
<
-
Corp.
;7m
3-21
1
10c
4
4
4-
37%c
/
Quarterly'-,.---—,
Quarterly
:
7—;
— v."
;7
3- 9.'
4-15
3-26
4
3-
,
preferred (quar.)—.——J,
King-Seeley Corp., 5% conv. pfdi (quar.)—
Kirkland Lake Gold Mining (s-a)
''
Klein (D. Emil) Co. (quar.)
——1.
<
1
•
3-
3-
4-
$1.75
_
:
Extra
4- 8
4-20
(George W.)
3-5
3-21
(quar.)
7/ 41/2%
4-
25c
——
3*20
1
'
3.11
4-
.
4-15 v
11-20
20c
3* 8
3-20
7
Copper
7Special
Kidde
(Walter)
Kimberly-Clark
4- 1*3-9
$1.75
Co., common——
7%
preferred (quar.)—
Hercules Motors Corp,
(quar.) —...
5% preferred (quar.).—.—.
4-
}25c
'
3-20
15c
—.
(quar.)—•-—
Co.
(quar.)
Glass
Hazel-Atlas
Helme
1
25c
Corp.—
4% pfd. (quar.).— .v-:- $l
Canada, Ltd. (quar.)„_
--:::$35c'-'
Eraser Co., Ltd.
(quar.)—-i"
f50c
Fuller (George A.), 4% conv. pfd.
$1
(quar.)
Fulton Iron- Works Co., 6%. n on -cum.
30c
pfd.—.
(Geo.
preferred
8-20
12-
$1.50
6% preferred (quar.
6% preferred (quar.)
Fostoria Pressed Steel
Foundation
preference (quar.)
Cos., Inc.—
non-cum.
5-20
,
7 9- 1
17'AC ;
(quar.)
4-1
4- 1
$1.25
6
4- 1
10c
3-8
4- 1
3-11
1
4-
$1.12%
——
3-13
$1.25
$1.25
(quar.?.
Haverty Furniture
Battery
3-20
(quar.)
Company
4- 1
v
4- 1
4- 5
;7 $1.50
Hartman. Tobacco-**-
Hart
Drug Co., $4.50 preferred
4-1
.
4-17
15c
$1.25
Kennecott
•<
5- 1
common
3-15
$1.50
—
4-
*
Fuller
5
Gas,
3-15
,
3-
.
4- 1
4-15
3-11
3-20
.
com.
4-1
-
4-1
35c
$1.06'A
conv. class A. (quar.)i—,.,——
Kendall Co., 4%%.
preferred (quar.),
$1.12'A
preferred (quar.)—
Corp; (irreg.)
—
Co., Ltd,.'———
4-
$1.75
(quar.)
Co., 7%
preferred
Kelsey-Hayes Wheel—
3- 7
.
4- 1
4-1
Si
Steel
4-20
17'Ac
——
•
,
Harrisburg Gas Co., 7%
3-16
25c
preferred
;
3*16
1
17'Ac
Foremost Dairies, Inc., common
6%
preferred
;
Foster & Kleiser Co., class A
pfd.
v
1
4-
$1.50
B
••
(quar.———...
4-
Utilities Co.—
-
preferred
Corp.,
Kaynee
Co.—
5% 2nd preferred (quar.)—
Harris-Seybold-Potter Co., $5 pfd.
$3
(quar.),
.
Steel
3-11
$1.50
$3
(quar.)—'.—i.;
Refractories
Katz
Kawneer
2-28
25c
60c
3-15
•
.
25c
—^
4* 1
$1.50
$1.37'A
25c
Harnlschfeger Cccp., oemmon—
5% preferred (quar.)..——;..—■
(Chicago)—
Machinery Corp.
Foster
4-15
6%
:
(quar.)
Foothills Oil & Gas, Ltd.
(initial)
Forbes & Wallace, Inc., $3 class A
<quar.)_
Foreign Light & Power Co.—
;
6% 1st preferred (quar.)—,
'
3-15
62 J/2 C
'
;
1
4-25
50C
43A% preferred (initial quar.)
Floishelm Shoe Co., class A
food
Harbison-Walker
8
$3
Corp,_^„,x,--,,,,,,„„-„,
Florida Public
-
4-
1
3-25
6-25
9-25
-
3-15
(quar.) 7
$1.25
(quar.)—^.—i.*.—
preferred
$2
,
8% preferred
(interim)—
Ltd.
.
7, 3-15
3-9
25c
•
(quar.)———
flambeau Paper Co.,
Class
3-20
$1.75
preferred
Florida
3-25
15C
7%'t. preferred ' (quar,)—
7% preferred (quar.
Fleet
3-
30C
Quarterly
fitzsimmons Stores, Ltd.—
7%
3-26
20c
i
4'A%
1
1-7:
3-30
*-
(increased)—
common
Kansas-Nebraska Natural
3-20
4'A% preferred (Initial).—$1.2159
3-15
4-
Printing Co,; (quar.)
(W. F.)
.
1
25c
...
Rubber
3-12
25C
—
&
4-
7-
10- i<
2-28
$1 25
4-
.
3-29
—.....
Bros.,^^ $2.40 preferred
Hammermill Paper Co.—
*
3-18
__
-
•
100%
,,
Extra
(quar.)
Halle
-
fifth Avenue Stores (Los Angeles), tquar-j,
Filene's (Wm.) Sons Co. (quar.)
;
finance Co; of Pennsylvania, com. < quar.)
5-15
Gulf
3-30
25c
——
3-13
,
4- 1
Stephens & Shinkle Shoe
$5 preferred
7Speclal .7—*..——^..——1— 7' .:- 25c
Power Co., $6 preferred (quar.)
', $1.50
3- 8
3-18
25c
7 25c
—ii!
federal Light & Traction Co..
——•
federal Machine &•Welder; (stock dividends;
federal Mining & Smelting
federal Motor Truck Co
';
federated Publications, Inc
ferro
Enamel
Corp.
———;
fidelity Fund, Inc. (quar,) ——j..——~
Fiduciary Trust Co. of N. Y. (increased)
Firestone Tire
3-15
-
—
4-1
6-1
1
xl'A%
x
2-28
Co.—
(quar.)
Laughlin
2-28
2-28
Co.— v-*:: .7
——x-—25c
(quar.)
50c
'77 5% preferred A (quar.)
—7—
$1.25
:7i 5% preferred B (quar.)
$1.25
Kansas City Power & Light Co.—
7.
:77>;o:
77; $6 preferred B (quar.)
$1.50
3-11
25c
Sugar Co., $5 pfd. (quar.).
Guaranty Trust Co. (N. Y.)
(quar.)—..'
Gulf Oil Corporation (quar.)——-——.——
1
4-
——
(quar,)—jr
-
4-
50c
;
—
faultless Rubber Co;———.
fear (Fred) & Co. (quar.)
I
Inc.,
preferred
&
Jones
3-11
4-
Co.,
2-28
4- 1
577 Quarterly
-
,4*1
Tea
Johnson
1
$50
■
—
Oil Corp, (quar.)
Guantanamo
farmers & Traders Life Insurance, Syracuse
•v
1
Watch
Gruen
3-
•
Water Supply
-77 4 A %
,
,
Corp.
Group No.
-
4-1
,7
3* 9
3-15
,
4- 1
$5c
Jewel
2-28
3-9
4-2
.
,
2-28
3-30,
.
8
3-15
-
x$1.75
'
xl3A%
xl'A%
preferred (quar.)_
Jamestown Telephone, 6%
1st pfd.
Jersey Central Power & Light—
)7' 5'A% preferred (quar.)
:57; 6% preferred (qu-ar.)-_x
7% preferred (quar.)___>
8-20 #■
3-30
4- 2
7*
(quar.)_,
7/7 $5
J75c
(quar.)..
common
3-20
1
3-30
,
preference A
Jamaica
.-
4-15
(quar.)..
7%
of He*.
4- 1
4- 1
'tl7c
(quar.)_^
7
3-15
Greyhound Corp., common (quar.)
....
35c
4'A%
preferred
(quar.)...——.
$1.06'A
Griesedieck Western Brewery Co.
(irreg.)—
50c
5'A%
conv.
preferred
(quar.)..—
34%c,
Griggs Cooper & Co.—
,t- (J5%
1st preferred (quar.)
:
$1.25
;H»- 5%
1st preferred (quar.)
—' 7 $1.25
5%
1st preferred (quar.).
y
, $1.25
3-11
3*
Wire, new
(B.)
Greening
3-14
1 S
3-16
20c
37 %c
—
Corp.,
fanny Farmer Candy Shops
;
1st pfd.
7 7
Payable
Share
,
Public Service, Ltd., com.
HoMere
When
r«r
'
'0 •
Name of Company
3-15
4-1
.
'
(quar.)—.
(quar.)—
(initial)—
44-
7
15c
77:
—
Canadian
common
3-14
4-15
65c
7
—
family Finance Corp., common
$1.50 preferred A (quar.),—
famous
3-20
4-15
6%
1
t$1.75
—
"■
■
Jamaica
7% preference B (quar.)
7.5% preference C (quar.)
7-25 7;
77 5% preference D (quar.)
3-15
7 4-15 7/
4- 1V7
30c
„
..
(quar.)—
$75c
Great: Western Sugar Co., common..
30o
7% preferred (quar.) ....
—$1.75
:Green:(D.)'''Co.*.iiwj.-i*.7--i—. 50c
11-15
3-30
.
2nd preferred
6%
>
8-16
1
25c
——-
Ex-Cell-0
/:'■ $1.50
1
——
-
Exolon
912-
i
(quar.)
4-
-
■
/
4-24
4- 1m
4-1
,
preference
Great West Saddlery,
5-17
6*1
,
Y.)
cl.
$2
Paper,
Class B
$7
3-14
$1.37%
—
77' 8-
20c
A pref. (accum.)
$25c
(accum.).„—$25c
Great Lakes Power Co., Ltd.—
3-22
4-
(N.
Insurance
American
$2
"
$5.50
,
.
Lakes
Great
3-22
$1.25
:
Service
'V
common.,—
Great
6
3-15
1
■
(increased)
Engineers Public
Co.,
T.)
preferred ..(quar.).. 933/4C
Grayson-Robinson Stores (increased quar.), ..
25c
.3%%
if.
4-24
7 7-25
8- 1
30c
——
iW.
Grant
30c
•,
3-15
v:
Holdert
of Rea.
:
;
3-
3-31
$3.50
(s-a)
3-11
When
Payable
30c 7 7 5* t
——*777'7 30c 7; 6- 1
Extra
>/ 3-15
:;:7/4- 1
25C
(quar.)
preferred
Emporium Capwell Co., 7 %
7
Quarterly
;;
Per
Share
v.
M
(quar.)
i
Co.
Extra
3-15
3-30
50c
Battery Co.
(quar.)
(Texas), $4.50 pfd. (quar.),; $1.12 %
Natural Gas Co. (quar.)—
60c
.,:
Storage
El Paso Electric
El
•
j
Name of Company
„
Granitevi'.ie
7 3-11
$1.50
<
7vV7';i.
'
of Re0.
3-30
15c
(accum.)—
"•"7
Holier*
Payable
$1.50
-
Corp.—
pfd.
$6
When
•
Share
^7;;//:,,;;;/. :■7
1477
3-20
7
3-20
v3-20
7 3-15
3-26
3-
8
7 3-15
3-13
2-28
•
3-15
.!3-20
3-U
3-11
5-29
8-30
11-29
,
3-15"
}$1.50
25c 7
4-15
3-30
3-29
3-14
25c
3-29
4-1
3-14
4-15
4-
79c
—51
;,7vl0c
3-30
4
1
3-12
Mondays March 18, 1946
COMMERCIAL & FINANCIAL CHRONICLE
THE
1478
"
Merchants
Miners
&
" \\
Company* v s >'
Transportation
Quarterly
...
2-28
Linotype
Co
Co.
(quar.)-II Metal & Thermit: Corp.—
<
•*
$i:'V
—62 %c
/' 7%
*
;
"" "
Michigan'Public Serv. Co., 6% pfd. (quar.)
j ,!:€% preferred Series 1940 (quar.)—
$6
prior
Midland
/■>
$2
Steel
Products,
dividend
8%
preferred
\| V
(quar.)—.^-—;■*
--
Co.' (quar.)
Midvale
v,
Miller Manufacturing Co.,
common..,..
.1
i
Mobile
/
Service
Gas
Corp.,
—
(quar.)...)
com.
(quar.)IH.lII
.preferred
;
Modine
-
3-20
Co.,
3-20
3-
3-25
4-
3-15
12%c
t$1.75
t$1.25
87%C
'
■
9
1
preferred A (s-a
$4.50 preferred 3 (s-a)
$4 preferred C (s-a)_^_,_^
M^ana-Dakota- 'IJtilities, "common—
5% preferred (quar.):
£
II;
2-22
III/
I \
(quar.)
5-10
6- 1
5-10
6-1
5-10
4.
1
3-15
4- 1
3-15
4
:
'•
Montgomery Ward & Co., Inc.,
$T Class A
•
com.
(quar.)
7%
preferred 18
Ci
Motor
Finance
Corp., $5 preferred
Co. < quar;)—
Mueller Brass
.
$0.59375
II
I,
—
Mullins Manufacturing—
$V preferred , (quar.)
$7 preferred- (quar.)
..^^.-.^-^..^-^
|
3-15
:
3-25
V
3-15
4-
62 %c
$1.25
40c
(quar.)_
8
3-15
4.
..
25c
-•
3-
1
3-21
1
>
3-29
3-15
3-15
3-29
6-
8-15
6-
$U75
$1.75
(1.75
5-15
preferred (quar.)
;
Murphy (G. C.) Co., 4%% preferred (quar.)
$1.18%
Murphy Faint Co., Ltd., com.
(quar.)
420c
5% %
preferred
(quar.)
$$1.37%
Murray Corp of America, 4% pfd. (quar.)_
50c
9-
8-15
4-'
3-22
4-
3-18
Murray Ohio Manufacturing Co.
4-
3-20
$7
Muskegon" Piston ' Ring ,Co
30c
(quar.)^
•" \ ' -20c
System, Inc., 8% preferred (quar.)..
Myers (F. E.) & Bro. Co
3-30
p 3-13
4-15
8-31
75c
3-33
3-15
(quaf.)_->_^—I2%c
' II 37%c
Nash-Kelvinator Corp.
3-29
(s-a)_
com.
Ltd., common (quar.)
preferred (quar.)__£.—
National Cash Register Co.
(quar.)
National Electric Welding (quar.) —.
$50c
7%
'
td
8*
7
3-29
4-20
7-22
10-30
10-22
50c
4- r 1
(quar.)__u_
National Linen Service Corp., com. (quar.)
National Oil Products Co. (increased) -
3-
1
3-
8
1
5-
1
4-
1
4-15
3-15
3-20
3-29
preferred
$1.25
25o.
(s-a)^_______„__^_.
Pressure
Cooker
Co
National Rubber Machinery (quar.)
r_
National Shirt- Shops of Delaware, Inc—
$6 preferred
National Standard Co. (quar.)....
National
Steel
National
Car
,
(increased)
Co.—...
3-14
$1
4-
1
4-
1
5-6
3-18
12%c
4-
1
Baker
Co.
&
(quar.)
Tel. (quar.)
New Hampshire Fire InsuranceIncreased quarterly
New Haven
Tel.
150
Clock
:
Co
3-25
New
3-30
4-1
3-12
37y2c
3-20
3-
25c
(quar.)
Jersey, power ■& Light. 4% pfd. (quar.)
New Jersey Water Co^ 7%
pfd. (quar.),
New Method Laundry Co., Inc.—
6y2%
preferred
3-30
3- 5
4-
1
3- 8
4-
1
3-U
$1
$1.75
$1.62%
(accum.)
'New
York Auction Co., Inc.
...
City Omnibus Corp....
York Trust Co. (N. Y.)
(quar.)
Newberry (J. J.) Co.—
"
^
9
New
-
;
New
(initial
-
Newport
:
Pratt
quar.)
Class
A
30c
(quar.)... 'v?'.,50c
4-1
Inc..
Quarterly,
trie
common
American
share
one
each
for
shares
100
....
North
Northeastern
Northland
$3.75
$4
Water,
Natural
Gas
Greyhound Lines,
preferred
(quar.)
preferred
(Increased)
llr 1
3-30
3-16
Nova
Scotia
&
Co.,
7%
Light & Power Co.
Novadel-Agene
Ogilvie
Rubber
Corp.
Flour Mills,
__1
i
preferred-
(quar.)
(quar.)
common
(quar.)
,.
Bank
& Trust
of
6%
$5
30c
*3-31
4-
4-
1
2-28
2-28
4-
1
3-16
Pure Oil Co.,
4-
1
3-15
Putnam
6-
1
5-15
62%C
4-
3-21
1
":
3-12
$5
prior
44-
$$1.50
44-
25c
4-
:>'3r21
'cm
3-15
3«14
"H
3*21
2-26
preferred
5%
Schiff
Schumaker
4-1
Scott
3-15
4-
1
3-11
Scranton
4-
2
3-11
'Scranton
$4
(George)
3-
3-23
7
1
3-11
4-20
3-11
3-30
3-U
3-23
3-16
4-
4-
3-15
1
3-15
4- 1
50C
4-4
.3-28
3-15
'
3- 5*
62 %c
3-25
3-20
3-25
3-20
4-
$1
3-25
1
4-10
3-20
•
3-15
1
-62 %c
4-
$1.50
5-
$1.75
5- 1
$3.50
1
4-
25c
Ralston
3-15
4-10
m
1
4-1 •'
3-
4-15
4-6
25c
3-22
3- 7
•'■ -A" 1
3-20
••
4-1
50C
•/:
3-15
4-1
•
8-15
4-1
3-15
50c
7%
Sick's
$1.75
"i
{
pfd. (quar.)
r
-iii$2i40
1
.
If;I
3-15
4-15
pfd.
$1.25
4-
(lrreg.)I„
15c
3%%
pfd.
4-10
preferred (quar.)
Rayonier, Inc., $2 preferred (quar.)__
Reading Co., 2nd pfd. (quar.)
'■*:
5-
1
3-11
4-25
25c
3-30
3-30
'
93 %c
1
3-12
3-30 ;■;
3-20
4,
.
60c
4-
1
3-15
.
50c
4-
II-1
3-14
50c
4-11
3-21
4-
1
4-
Corp..
v
3-16
3-15
3-20
3-30
5-
1
4-19*
•
4-19*
3-15
4-1
3-
500
3-14
2-26
7
IOC
4-
1
3-1
31'Ac
4-
1
3-19
5c
4-
1
3-15
4-1
3-J5
3-26
4-1
■.
3.-11
3-15
4-J/V
.3-15
4-
'
3-12
-
3-16
I
3-16
4-4
■3-30
25C
4-
$1.25
1
3-16
25c
3-27
:25c
3-21
13c
'
4-15
3-30
3-29
3-18
7%c '
—
3-1
3-15
4-1
3-30
3-15
115c
5-
1
4-10
$$1.75
4-
1
3- $
$40c
3-30
2-28
4c
3-29
3-16
(quar.)—
Ltd.—w.—w—w—
(quar.)
1
4-1
39c
com.
3-15
3-29;
25c
Manufacturing Corp.—
conv. preferred A (quar.)-
$30c
4-
1
2-28
$20C
4-1
2-?^
4-1.
3- 3
l$i.25:
3-20
3-12
38Ac
4-15
3-36
30c
3-21
8-l\
125C
4-30
3-3
4-20
3-$
50c
4-
3-ljl
25c
V 3-20
'•':'^25tt'
$$1«&0
.
1
•'
,
1
.
13 %C
..
—
——————----- —
5c
/
Atlantic Telegraph Co.. Ltd. (s-a)
California Edison—
5%
original preferred-(quar.)—
—
v
5%% preferred series C (quar.)
Southern Canada Power, com. (quar.)—.—
6% partic. preferred (quar,)-.
Southern Fire Insurance Co. (N. C.)-^
1
5-15
4-
4-
I
$3
>
3- 6
1
3-29
4-
1
3-15
3-14
1
iV
8-14
3-30
i; 2-14
$2 %c I >, 4-1
3-16
f
4-15
3-26
3 4 3/8 C
4-15
3-20
420c
5-15
4-19
4$1.50
4-15
3-20
t 3-25
"I 25c
,140c V 3-1-46
2-15
25c
Southern
—
;••••
a
..
Southern &
Greyhound Lines Gncreaseat—.—
Southern New England Telephone Co. (quar.)
Southern Pacific Co.
(quar.)—_—
Southern Railway Co., 5% pfd. (quar.)____
5%
preferred (quar.)_——————
I Mobile & Ohio stock trust ctfs. (s-a)'—
South West Pennsylvania Pipe Lines—.—
•:
40c
Penn
-Common
3-16
1
3-30
,;
Oil Co.- (quar.)———.
South Porto Rico Sugar, com. (interim)—
8% preferred (quar.)_l
Southern Advance Bag & Paper Co., Inc.—
/ Common (quar.) —
.
3-11
4-4
Quarterly —.1—
Southern
6-15
'
$1.50
(quar.)-—-
$1.20 preferred
(quar.)^_—
IIlI
1
Smith (Howard) Paper Mills, com. -(quar.)!-;
•'
7%
preferred (quar.)-—;
—
Smith (L. C.) Si Corona Typewriters, Inc.—-
South
3- 6
'
1
40C
87 %C
'
1
4-
$1.50
$1.25
3-12
4-25
87 %C
(quar.)_^
8
3-30
wV/5-31
v
(quar.)—H*"1
3-
f. 4-20 "
$1.50
Car, 5% preferred
Manufacturing Co.—
3-28
1
75c
"
3-2Q
3-15
4"
(quar.)
2-28
•„4F'/6
5-1
Dairies,
Cprp.
6
4-
10c
>
Solar
3-22
6>»30.
$1.12%
5%
preferred ? (quar.) w-—
Simmons company- ——
—j—
Simplicity Pattern Co., Inc.—
•
•
;
'
'5%% convertible preferred (quar.)
Sloss-8heffield Steel & Iron—
'f:
Sonotone
■*;:
'3-25
50c
$1.25
Fund of Boston
Co.,
4-
',/•; : $1
II
t
:•
4-
75c
—
'£
'
3-22
•
.
1 $'f
25c
1
55c
3-29
4-
$25c
& Malting———
Ltd., -common (accum.)
40c
participating preference (s-a)
Silverwood Western Dairies—
'■
3-23
50c
(initial)
Breweries
••
34$
1
1
4-15
$10c
;
Seattle Brewing
3-15
.
3-11
4-
62 %C
preferred (quar.)
2-28
4-15
i/13-29
1
i~is
common
Snap-On-Tools Corp.
$1.25
3-1$
349
.4- 4:
—
Corp.-r
(Canada),
Silverwood
3-12
•
I;
$75c
(reduced)
pfd.
preferred
Sick's
—
1st
Purina
Steel
Raytheon
Acceptance
$6
Williams
4%%
3-12
1
34$
4-4
25c
(initial)
(irregular)
Co.
Manufacturing
3-20
4-15
3,-30
$1.25
H
Steel Corp., common (quar*),—.•I $5 conv. preferred (quar.)
—
Sharp & Dohme, Inc
———
Shattuck (Frank G.) Co. (quar.)
Sheep Creek Gold Mines, Ltd. (quar.)——
3-is
5
s
■
it.75c
1
3-10
3-15
:
preferred (quar.)—I—I—$1.75
preferred (quar.)—.————.
'-$!•
Security: Co, | (Los i Angeles,: Cal if:)-25c
Seiberling Rubber - Co
2—/
—
$1.25
5%
class A preferred (quar.)
63c
$2.50 conv. preferred (quar.):——m-..
$1.12%
Served Inc.i $4.50 preferred (quqr.)!-.---;.^-
Sherwin
4-
3-15:
4:1
4
$7
r
56 %c
3- 9 a
;
•f
V $6
3-20
3-
:
$1.50
3-20
1
343
3-9
'
'3-25
$25c
.v.pommon ^(quar.)^:--!—---—'
5% preferred Class A (quar.)
Securities Corp. General, common——
4-15
4-
3-20
.3-30
4-
(quar.)_'_—„
—;I
—
—
Electric Co.,
Lace Co.—
Securities
Sheller
3-19
-"■4^4"
3r20
4^1."
$1.66
preferred
Manufacturing
4-15
15c
4-' 1
:
13-29
•15
common
Board
$4.50
preferred (quar.)'
$$1.50
preferred (quar.)
Railway Equipment Si Realty Co., Ltd., com.
6%
1st preferred (quar.)
conv.
new
Wall
Shellmar Products,
20c
$-15
.
Sharon
$1.75
preferred (quar.)
Radio Corp. of America—
Company,
Paper,
Scovill
(quar,.)
conv.
Jose
5
3-15
: 4-4
■
,
'.eSahgamq*' Co.,:;I.Mi;:f quar..)----i^-^iI^*II ■•
'/Sahgamo- BlectriC:vCOiIIIIII---w-I-----^-II;'
3-15
250
6%
Ralston
40C
87y2c
.
3-15
15c
Quaker Oats Co., common...
1
4-15
San
4-15
1
4- 1
$2.50
61%c
Corp., common, <quar.)
7% original preferred (quar.)
Puget Sound Power & Light Co.—
3-20
4-
1
4-15
75c
—w.
Antonio Gold Mlnes-
4- i
,
4-
1
$1.25; ,:- .4%
Francisco Remedial Loan
3-30
•
;
3-20
-'4-151
""4-
25c
PW. (incrd. quar.) (
Assn. (s-a)—
Water,Works, common (quar.)—-
San
5-
$1
3-18
3-20
'4-1 •'••■:
:
-20C
convertible
San
1
3-30
30c
A
3-15
5-
$lv::90C v
5
3-2|
n-
25c
'
—
4-
'37%ci/ 4-15
isl?
Publication
3-20
2-16
1
N..J^—
preferred (quar.)
Public Service Co. of Okla., 4%
-(quar.)!-——v;
&
class
4%
3-3
1
8-
4-3
$50c
450O
.
'' "
preferred (quar.)
St. Lawrence Paper Mills, 6% pfd. (quar.)St. Regis Paper Co., 5% 2nd pfd. (quar.) —
$2.50 prior preferred
(quar.)—
-I—
3-1
3-31
62 %C
(quar.)—llUbl
3-23
r
■p- 5%%' "preferred /:-(quar,)_II
^StlLawrence Corp.—' ;'
"'
3-20
50c
2
3-16
Hi
1
'4- i--
750
'
3-20
3-
3-
4-28
■
3- %
4« 1
50C
V 4-
7%C
.
9-1$
1
I 3-12
20c:
/ $62 %C
$2.50/ -preferred^'(quar4
Manistee Lumber Co
Saguenay Power Co., Ltd:—1/
4'/4%
preferred
(initial quar.)——
fctM Johns: Pry pock* & Shipbullding-w
2- 1
1
.4-4/:
58 V»C
$4.65
$4.26»A
$8%c
3-25
■
Saginaw
3-12
'25c
preferred (monthly—
preferred
.
preferred (quaf. )_I—I--_IwI-----I^,
iSafety Car Heating & Lighting Col,
/
$1
(monthly)——
preferred; H (monthly)
of
I
;
.
/Quarterly
4-1
45C
(N. Y.)
►.
3-11
,
4-
$1.12%
;
10-
50C
partklpatii^ A/preferred, (quat.j) .-w;
MfgICo., Ltd.—" - -"-j
Common
(quai'.)^
•,
3-11
1
3-29
$1.50
(quar.)
(quar.)
Co.
3-15
VI $1.75
5%
3-11
1
4-
,
;,
I
^
9-15
V; 6-15
4-
■•'r"'50c':fe
.
6-15
7-1
$1.75,1 >V 7- 1
■"i
Safeway, Stores, Ilnc./f quar. )--IIIIr.--I-I-.
2-28
At I
•
15c
Colorado—
3-4
50c
Quarterly
Norwalk Tire
4-
;
2-22
3-1$
>
8
3-23
3-30
..
Washington Insurance Co. (quar.)
4-1
933Ac
preferred
3-
3-88
25c
'
3-22
4-15
•
$1.96 Vif
$1.06%
25ci--7
:I$I.25'M
7%
Inc.—
(quar.)
Northwestern States Portland Cement Co.—
conv.
'
d
1
Productsi^wwl*—-**—w■ 1 v'
Rochester: Button (Do*
Public Service Electric & Gas Co.—
V;
Northwestern States Portland Cement Co.—
$2.50
•
$2c
......w_l.l._._..
: i—•
$1
V 3-22
$ I'
50c
.15c
preferred
5%;
'
65c
(quar.)
Co.
....
Public Service Corp.
-•'
25c
Co._
Texas
Northern
■
(quar.)
Public Service Co.
1
/
preferred (accum.)
;
prrferred (accum.)—;
North Star Oil, Ltd., 7% pfd. -(accum.).,
5%%
4-15
'•
/
41%'C
1
8-
''
6%
Insurance
Products
6%
5-
North
.
3-9
$1
Car, 4%% pfd. A (initial quar.)
Public National
■
common
American Investment—
North
'
3-15
1
•
7%; preferred -:(monthly)
8-14
,■•
1
4-
i
..............
3-20
50c
Pacific Gas & Elec-
(quar.)
3- 6
5-15
i".
4-
40c
62 %C*
1
11-15
(quar.)
3-15
$1.25
Co., Inc., common
Accident
Providence
"
Industries,
American Co.—
North
;*4r 1
Papejr Co.-—. ■&$.
4-1
4-
t 50c
(quar.)
Noblitt-Sparks
3-15
.
3-16
50c
...
1
4-
:■ •
.
(quar.)..........
3-12
$25c
(quar.)
A
$1
•
$3c
(quar.)
Price Bros. > & Co.,- Ltd., •common.w..i.^...
$$1;50
:
5%% preferred ■ (quar,)-.^.....^2—1-.
$$1.37%
Prosperity Co., Inc., 5% preferred (quar.)__
$1.25
3-31
ii
'
Xambert...iI.Iww^..
&
Common
>
3-19
(quar.)—
3-15
Preston East Dome Mines
3-21
4-1
■
Pressed Steel
3-15
30c
K.)
Prentiss-Wabers
3-9
3-28
4- 1
$1.06%
(quar.)
"Nineteen Hundred Corp., class A
Class
'•
' 'i' 25c
—i—
Niagara, Wire Weavihg
^Nicholson File Co.
V
'
>
(H.
Preferred
3-1
3-20
75c
$1
"
Industries, common (increased)
preferred (initial quar.).......
'J'-4%%
3-18
10c
-
New York
3-15
1
3-1JL
3-45
'
10-1
;:ft 4%%
preferred A (quar.)
.1-1: $1.12%
$1.25
ftockv/ood "& COv; B% preferred (quax.)II^w:i
4
$1.25
5%
prior preference (quar.)
—_
45c
'Rome Cable .Cofp; : (quar.)I---I---I-IIII-50c
Roos i Brothers,. Inc. v (quar;) --W--I--I-I--Ruberoid "Co: - ■. j-'ww'i.w-iw-wc-islalV y%-250vi
25c
Rubinstein (Helena), class A (quar.)--——.
Ruppert .(Jacob)pp.,. 4 % % pfd. (quar.)
$1.12%
Russell Industries,.Lfcd-.rr*
•
"""
$40c
Common
(increased quar.) _____-__—I
»
$$1.75
7% preferredv (quar.) Ii-w4IJw'l—----V.I.
1
.'
:
3-15
4-
3-15
3-18
I
A- I
4-
3-a5
4-1
Rochester Telephone: Corp.-(quar.) IIII---.' ;•
•
1
..
3-15
$1.31 V* S
,
/
;
12 %C
'•
4-
4-10
'
3-30
4»:4l
v
2
;
$1.75
$2
,
i$1.12%
(quar.)__—_—
;
Potomac Edison Co., 6% preferred
7% preferred' '..nil—
Power Corp of Canada, Ltd.—6%
1st preferred (quar.)
6 %non-cum. partlc. pfd. (quar,)..
3- 8
Idea. Inc.
3-15
52c
2
4-
Robertson (P. L.)
8-15
4-
20c
preferred
5%
'
>.New
3-29
3- 9
3- 9
1
4-
$1.75
••Increased' —I—I-I———:
3-15
$1.25
(quar.).
Bulphite &
preferred
4%
3-20
$1.50
45c
&
Huron
Porter
3-15
England
preferred
$2.50
Port
3-18
5-15
$1.12y2
Nehl
New
4-1
10c
.
5-
I
$1.75
w-.I_I-
(quar^.^wIwwmwIiI*. '
Co'.(I(lrreg.) ____—II————
-
3-11 S
v
1
$1.75
(quarj_.W—
Riverside Silk Mills,.Ltd.—
3-11
1 :>
■■.■14- 2
„
Paper. *Cto;IiIIIIIII-»^wII^I^ I
Riverside ii Dap River Cotton Mills, Inc.—
j.
3-11
:
,
I
;
Brothers^Co.
Metal
4-15
V
1
4-
IOC
River: .Raisin
■v
3-11
1
25c
(quar.)
(Hartford)
Co.
(quar.)
Si Atwood Manufacturing Co. v(quar,)
Plymouth Oil Cos (quar.
polaroid Corp.i 5 % preferred - (quar,)
3-15
1
4-
53y^c
Nelson
Insurance
4-
;■ $1.25
Plough, Inc.
3-15
National Tea Co* VA% pfd. (quar.)..
•
3-30
■
'
-
Plume
4-15
35c
Corporation —
35c
preferred t (quar.)^^.——*--41-—
3^0% mreferred (initial quar.)—
Co., Inc., 5%%
preferred
Planters Nut & Chocolate
3-6
1
4-
$37y2c
Co., $2 pfd. (accum.)__
preferred • (quar.).—"...
3-13
....
•4-1
50c
•
National Supply
4% %
3-15
3-25
$1.50
-
Corp., Ltd.
Refining
Sugar
7-31
4-
25c
...
4-18
4- 1
:
;
■i-'•0
8-15
1
:
5-10
50c
4- 1
'
90c
2nd preferred
7%
Richman
tic
...
'
30c
1st preferred
Rieke
Pittsburgh Fort Wayne & Chicago .Ry.r~I.t
Common {quar.)
$1.75
7% preferred Xquar.)
'..$1.75;
25C
Pittsburgh Forgings Co. (quar.)
20c
Pittsburgh. Plate Glass Co. (initial)
IOC
Pittsburgh Screw & Bolt Corp. (quar.).
^
12 %c
Pittsburgh Thrift Corp. (quar.)
•
Pittsfield Coal Gas Co.
$1
(quar.)
"
5%
4-
.3- 8
70c
15c
.(;;'i
(quar.),1
1st preferred, (quar.)
Richardson
1
4-15
4-15
•»
V 5- 1
.25c
5 2nd preferred v (quar.
(
3-29
$1.25
8- 1
■
4-
7%: 2nd preferred Kquar4--.ww-M-M.w->
i
3-11
3-28
15c
1c
7%
3-15
1
5
-
(quar.)
9% :1st preferred
3-15
$•1
(J. C.) Co., new common
Phoenix
National Paper & Type Co.—
National
4-
...
25c
•
3-
1
3-30
.
•
V
Oil
Ranch
7%
50c
Pierce Governor Co., Inc.—.....—
Pillsbury Mills, Inc., $4 preferred (quar.)...
Pittsburgh Bessemer & Lake Erie RR. (s-a)
3-15
4-
$15c
$37y2c
12%c
$1.50
JM5
;
50c
Phillips Packing
3-20
1,:
4%
;
:■
«
(quar.).
Rice-Stlx Dry Goods Co.-r-,a\^ I
$1
•
-
5-1
3-30
3-18
v
7
8H
50c
preferred
3-
33-
1
20
•
Grocers Co., Ltd., common
preference (quar.)...
—
Co., common (quar,)...
B
3-31
2c
•
Class
1
2c
National Lead
6%
4-
44c
25c
Quarterly
^
Quarterly
National Enameling & Stamping Co.—National Fire Insurance (Hartford)
3-: 4
4-15
30c
National Breweries,
Reduced
14-
3-28
8
Island
3-
-
ppy:--.
";
Tobacco, 3.60% pfd. (quar.3
Insurance Co.
(quar.) —I*—.
6-15
$-5
4-1:
J.)~
10c
4-
3-25
43%0
8
I: ?
'•
'37 %c
.'
40c,
Rice
;
3-
1
"4l I'
$1.12%
I191V4
preferred. (quar.) -»»^«_.ww
12 %c
& Brothers,, Inc.wwIIiiWwwiIwiWI'
6% %
v
Reymer
6-
40c
4-19
1
4-4
4-
■
Rhode
$34%C
-
-
5-
ps ■ '25c
5-25
1
3-18
30c
;
/
$2.50
,
3-15
4-1
Ltd.,
Nathan Strauss-Duparquet—
6%
convertible preferred
(quar.)
National Biscuit .Co., common
(quar.)
-
'
$25c
Nanaimo-Duncan Utilities,
$1.50
8-11
3-11
37%e
a.!-...-.-
Mutual
National
44-
-
3-22
3-22
:
6%
3-15
1/4-
:
—
3-15 :
j
(quar.)..2——.————.—
(initial)—
Edison,-$5 pfd. (quar.)
$2.80 preferred (quar.)..
I
:$5 preferred :<fquar.) Ww-ll—ll—II-H,Pennsylvania
Forge
Corp.
(quar.)_.__
Pennsylvania Glass Sand Corp., com. (quar.)
5% preferred (quar.).
L."
Pennsylvania Power & Light Co., common..
4% % preferred f quar.)_
—...
Pennsylvania Sugar Co., .5%. ptd. XquarJ-Pennsylvania Telephone Corp.—$2.10 preferred tquar.).Ii.I.wr.I--^——.w
Pennsylvania Water Si Power, com. (quar.).
$5 preferred (quar.)
Peoples Drug Stoies, Inc...-:.:
---I.—.—»
Peoples Gas Light & Coke £e0.w*.-rwWiw
::.•; •;• Extra IH,.wii;i,
..._——
Perfect Cirdle Co. <quar.)..-.I—.I^wWl;!.,!
Permutlt
(The)
Company
(quar.)
—
Perron Gold Minres, Ltd; (quar,)-...........
Pet Milk Co.,
common
(quar.)_
•.: 4% %. preferred
(quar.)^
—,—
...
AV* % 2nd - preferred (quar.)
—*...
Pfeiffer Brewing Go._.._—,w..w.m.wm.v.wIIwA
Philadelphia Co.; 85 preferred (quar.)w—.
,
$6 preferred (quar.)..,..
.
Philadelphia Dairy Products Co., Inc.—
$4.50 $st ^preferred (qu&r.) .........Iw—$4
2nd
preferred
(quar.)——
Philadelphia Electric Co.,„ com. (quar.)....
$1 preference common
(quar.)
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Suburban Transportation—w •
5%;< preferred (quar.) ...I.ww—
8
1
4.
15c
Moore-McCormack Lines, common
'"i" $2.50 convertible preferred (quar.)
3-
4-
5f:"4-:l--
$1.75
$1.75
(quar;)
Moore
3-.6
4- 1
;
-
,
5-31
•Common
3-8
4-'l.
•>
4-1
40c
■
preferred
Penney
3-15
:?
3-15
i.
.1
50c
':
•Pennsylvania
3-18
;
4-15
Co.
3-15
V
Inc.—
Reynolds (R.
;
(quar.)
common
1}
Peninsular Telephone* Company—;•
3-18
4-15
14-1
.•
455%c
Drop Forging Co., common.
"4%% conv. preferred -(quar.)
•
50c
(quar.)__
,
Corp., Ltd., common iquar.)..—»
preferred A (quar.) _IIII—-
7%
:
$1:75
448c
„
Montreal. Telegraph Co.
Moote
,,a;
'
Public: Seryice
4-
Investors Fund,
1 s
4-
4-11
•52»/2c
1
preferred Class A < quar.) _I—
6%
:
i
3-29
prior preferred"A Iquar.—w-*—I
Revere Copper & Brass, Inc.— „V;,
.
3-
6* 1
$2
15c
$1.25
«...
;
'
mi
4-1
$2.25
....
...
2-20
'
260
6% preferred Class B (quar.
Republic Pictures, $1 preferred.. (quar.)
Republic Steel CorpI common^-,-.^-
3-22
50c
(quar.)
Paraffine Companies, Inc„ common (quar.)I
5%
preferred tquar.) w'Ia
Www m,—«• •'
Paramount Pictures, Inc.
(quar.) ,M. W •* W
«■£*•£« V
•Paymaster Consolidated Mines, LtcL—r.
'■<
Interim. ^^'..IIW.__II^«ImwmIIwIw«.m..
2- 2
$2.25
....
#
(quar.)
Increased' I
-
4%
Monsanto Chemical Co.—
$4.50
(quar.)—......
Aggregates, Inc.
Panhandle Eastern Pipe Linens-
3-16
tl
1
.t
•
3-6
3-27
t25cl
'
1
4-
$1.06 V*
tqoar.)...-I
Page-Hersey Tubes, Ltd.
(quar.) _I
Pan-American Petroleum & -Transport-'Co.—;
pacific
•
62 %c
5% pfd. (quar.),
....
Molson's Brewery, Ltd. (quar.)_
Molybdenum Corp. of America (quar.)
-•Monarch Knitting Co., Ltd., 7% pref. (quar.)
5% preference-tquar.)..liiliiii.lil
Monroe Chemical Co., $3.50 pfd. (quar.)
Mojud Hosiery
3-20
4-15
.—50c V
'Co.
2-20
5% "preferred v| s-a) u._-l.I'i.Ili-Il^IIP^.,I
/
%
3-20
50c
(quar.).
Co.
Manufacturing
Mohawk- Rubber
1
8-
37%c
.
quar.)„_
preferred (initial
Republic
,v.
3-20
1
3-30
2-19
2-19
4-
8-'$
(quar.)_
Republic Drill & Tool Co.-—, :
?• 55c cdnv. preferred (img.)w-fcw£w^IIII
4-15
(Minn.)-—
Pacolet Manufacturing Cp.,
1
4-15
:
$400
$4.50 -preferred
(quar.)
Reo
Motors,: IInc;I.I_IIWliIi.Iwilllllill:
3-15
•
.
.
3-29
$40C
(quar.)
'
$$1.25
—
8-21
4-
3-15
$15c
Pacific indemnity Co. (quar.)
''■Extra :...I^.iIi..-...:.-I..IIIiI—w-w..
4-
—
Ltd., common - (quar.)__
Coast
New
3-1$
3-30
Corp.—
Remington Rand, Inc.,. common (quar.)_>»
Stock 'dividend ;IIiIyIIlIwjI---:Iw»t'--i.'
3-20
$1.12%
3-20
1
4-1
$1.22%
• 430c
'5%% preferred (quar;)—i$1.37% "
4.90%
.
Modern Containers,
preferred
$4.25
Pacific
.3-15 S
9
3-15
8-16
414 "
'
25c
(increased: quar.)
conv.i preferred
(quar.)_^___.
5%
of Rec.
?:
1
4-
I- $1.75
Common
■i
9
3-
$1.50
"3-21
'
4- 5
'25c
;
5
3-211":
.
3-22
4-
Otter Tall Power Co.
8-
.1; 3-20
(quar.).;
(quar.)
preferred
Stores
preferred
non-cum.
Holder«
Payable
$1,25
Bit
Reliance Electric & Engineering Co.
20e
common—....
preferred (quar.)_^—II
Light Heat &- Power, com.
6%
5%
4-
!
4.
Co.,
Ottawa
3-19
A'1
<
:|;21,8/.
8
Elevator
Roller
Reliable
I
4-
Otis
3-16
v
^ 4-15
15c
Miller-Wohl Co., common (increased)..,—35c
5%
conv,
preferred (quar.).*—•;? 62%c
Minnesota Valley Canning Co., Class B
•v;vr-$l
Mississippi* Power. $6 preferred, (quar.)
$1.50
Missouri Gas & Electric Service (s-a)..—,— 1
$1,
Convertible Class A (quar.)
I-...15C*--
8-
:
;
3-29
30o: I
?
_
81
2-28
.
>
1
4-
quar..)
of America—
8
3-20
2-28
.; ,':-3-'9'.
3-
3-15
'
'
3-20
:r.
w__.—
Co./(quar.)-IllIII
Regent Knitting Mills—. - • •• -; ^
•
I $1.60 non-cum; preferred; (quar.) »»IwI-IReed
3-11
11
3-
.
•3-15
.•';'4«' Vl'•
50c
4- i
$2
4- 1
50c
w? 3-29
5c I
■
1,-3-11
*
1
inc.—
prior preierred A (quar.)
preferred ' (quar.)_^_-—
;,v. 5%
;>
7%
3-15
1
Quarterly.,; —»—%
loc
3-30
Omar,- Inc.,' common^-..—
3r30
$1.50
6% preferred ;(quar.)—
25C
3-30
Omnibus Corp., common
(quar.)
— \
4- 1
$2
8 %
preferred (quar.)
-4- 1
$$1.25
Ontario Loan & Debenture Co.
(quar.)
5-18
$ 25c
Ontario Steel Products, common (quar.) —
$$1.75 m 5-15
7%
preferred ; (quar.)
••:•"'•"• 5- 1
Orange Crush, Ltd., 70c conv. pref. (s-a)— '■:/• $35c
3-13*
3-15
3-20
•
50c
(quar.)_—
common
(quar.)
shares
1
4-15;^
*3%C
r,
3-25
-
•4- 1
$2,40 preferred •;(quar;-)^..———60c
':f Mid-West Refineries, Inc., common (quar. ),. V*;"-1
5c
Co.
Insurance
8
4-
,
:
Mickelberry^s Pood Products—
■
Life
Line
Old
8
3-
$1.60
Co.—
$1.75
prior
preferred <quar.)
Ohio Water Service Co. (increased
'-'3- 4
;!• ''
4-
:
$1.50 '
preferred. (quar.)__+^*——-
Tube
Real Silk Hosiery Mills,
3-
4-
25C
Co,^—II—«.—•—--—--.
Match
Ohio Seamless
3-20^
8-29
'
3-23
pfd.
;;5
4- 1
97%c
$1.75 / :':-4-1
•3-29
25c
4- 1
$1.50
4- 1
$1.50
*.;•
3-23
50c
•
,
—»Y:f $1-75
(quar.)
preferred
Metropolitan Edison, 3.90% pfd. (quar.)
"Meyer Blanke Co., 7% preferred < quar.
'"Miami Copper Co. (s-a)——
5%
Ohio
4
3-
3-16
*
P
50c
t.'
?
Share
Name of Company
of Reo.
:
When
Per
Holdera
When .;
Share <1 Payable
r.ti'';
$1.10
(quar.)
—^
$1.12%
Finance, 4%% preferred (quar.)—
$1.25
prior preferred (quar.)
—
—
Ohio
3-25
v
• ««..•*
A -(increased)
Co., class
'(increased)
Edison Co., 4.40%
Ohio
>
3-25 ';•;
3-21
~I'Ml
B
Class
3- S*
S-30
v/v 50c
'
Machine
Brass
'
................
Mergenthaler
Name of Company
Ohio
Co.-r-
..Merck & do., Inc., common (quar.)^__——fpl :25c ■v. 3-29 ■
4- 1 £
4%% preferred (quar.)_
—
—
$1.12%V
:
V"4*"l '-•
•$%% preferred (quar.)-.—,-—$L31%
Mesta
yiy-*
of Rcc.
Payable
*' •1 Share
ret
Holaere
When
Name of
?
~
$1
3-18
4-15
$1.50
'
3-30
3-25
3-
4*
$1.25,.
'
6-15
5-15
$1.25,
9-16
8-15
4r,-l
3.-15
.
$2
50c
••
4-
1
3-15*
Volume 163
Number 4473
THE COMMERCIAL & FINANCIAL CHRONICLE
"■Iter
of Company
'Quarterly
:
$1.50
D
3-15
H5
Go.
-
(qua*.)
35c
Mfg., $5. preferred—
& Steamship
1
5-
n
'
5- i
$$1.25
m
4-
participating preferred
$7 preferred —,
Standard Fuel Co., Ltd.— "
6 % % -preferred (accum.)
'. 75c
i
4-
I
8(M4lNnI MX* iOhioV-r*'
;,v
Rartic.;
1.
,*
3-15
933/*5 :
.
4-15
3-39
•> ■ 31 y4C.
cony,.
■
4-1
*25c
*
Extra
•
*_
-
4-
___
4-
12V2c
1
3-20
3-15
3-30
3-15
$1.25
;
?
:5%
preferred .(qyajr.)—
(quar.)
$1.25
9-30
9-16
Waialua
;5 Vo
preferred
$1.25
12-31.
12-16-
Waldorf
25c
6rI2
Sterchi
(quay:)
—_
3rps% Stores, Inc., ipojnmon-7--
#•*
Pommon
:■;;
Commoq.
•
:55c
6-
9-12
87 %c
Inc., 3%% pfd. (quar.)-___
Engine Co., common
preferred (initial quar.)
V,4- 1
H-39
3-16
3-15
■
5%
Struthers
Wells -Corp.,
Sun
preferred
Life
A
(quar.)
Assurance
increased
Co.
of
......
Canada—
Quarterly
•
.
3-20
3-
9
4-
3-15
,
1
4-
1
1
75 c
.
Inc.,
Tamblyn tG/i Ltd., common (quar.),„———
Preferred (quar.)
Taylor;Instrument Cos. (initial).
Teck-Hughes Gold Mines (Interim)
— ——„
;
1
10c
4-
1ft
1
ft
4-
3-
1
3-
t5c U
>•-
6-
1
4-23
1
4-
3-25
■"-; lOcft
50c •?.■■■••
/*.
3r
ft
4-1
4
6
3-
'
——
;■
■
3-11
4-1
Timken-Detroit
3-20
3-
4-
50c
/
$7%c
••
ft/
A
4Va Yo
>
preferred
4-18
3
<initial)_
$$i.i2%;
■Common
4-
V-'ft
."ft
25c
8-15
$1.12%
i$i.20
3-14
75c
3-29
3- 8
25c
25c
3-20
4-15
Oil
Co.
(quar.)
3-29
62 Vac
'A-,1
Investment Co.
Metal Mfg.,,,Co., common
(quar.)——
4$-. preferred ~ (quae.)
Union pftciflc RBi Coij Common (quar.)«.._»
A% preferred■ («-a>—:
—1..lt;,v'jt
Up ion Trusteed Funds, Inc.—
Union Bon<i Fund A—1—
4-
1
4-
2
ft 3-18
4-
3-9
Ml
10c
4-1
3-22
Il^ess 30%
tPqyable
3-15
<
-
"
$1.50
4-1
.
Bond
Fund
;
23C
,
C:.;a Union
4-
$2
B
k| Union Fond Fund C..:
15%;
'ft
3-20
3-
8c
3-20
4*
1
4-
1
4-
1
75q,.
10C
Upjjon Twist prill (quar.) __
50c
3-29
Uplted
75c
4-
32c
5-1
Carbon
Co., - (quar.)
Upited Cigar^Whelan' Stores Corp.—
W Jtt.25 prior preferred ; (quar.)
Upited Fuel Investments, Ltd.—
—
-••
v6%
...
class A preferred (quar.)
.—2—1—^..
Upited Light & Railways (DelJ—
»A%preferred (moxUbly)
<6.36% prior preferred (monthly)
•1% prior preferred
(monthly)— —
United• Merchants 4e Mfrs.-—
.5% preferrad '
5%
■
$2:
■ft: ;..
\Tp\17
U. S.
.Tovcav
P.P.
Fidelity:
Extra
.
U. S,
U.
^
Guaranty Qo.;
Gypsum
Co.—
58y3C
25c
U.
•
15c
'
'New
common
Cyclops
Upressit Metal
8%
,60c
Sugar
class A
•■•
3-15
•
$5c
4-
25c
3-
1
44-
37%c
1
2-21
1
12 %c
3-20.
5--1;
15c
tax
a
(Contiuued from
;;
„
\* i
7 i) V
<{
*
{J"
*V«'
:
'•
3-30
3-30
4-15.
3-30
under
2-28*
ft 4-
11-30*
i
4-1
ft:
$1.183i
4-10
4-' 1;
3-20
•4-
$2
1
ft 3-20
6-10
5-20
&
and
3-16
4-20
20c
$1.12 V2
Int.
3-16
2
3-25
.4-20
4-*l
$8.75
_Z
;:IZ; 25c
}. -~;
.
.*
(quar.)
3-
3-30
I.»'
$2
<
3-15
3-27
■
4-
1
6
JHi
v
3-15
■
Exp.
.in
ft;
3-29
%,3-23
to
the
Stock
business
of
close
^
account
and
$1,826,584
will
be
163, p. 1290.
mechanical
arrange
reasons
it is not always
companies in exact alphabetical
are always as near alphabetical
at
the
.
41,530,396
Non¬
source,
9,543,443
.
$1.36
.
10,130,296
$1.44
its first two, months of export- operations, this company has
approximately $500,000 worth of pens through authorized dealers
than a' score of countries and has a- backlog of orders.
exceeding that - figure, Miltoii ; Reynolds,- Chairman
of v,the board,;
sold
In
more
..
announced bp Feb, 28.
At the sapie time,; he revealed that the recently-opened Canadian
plant at Oshawa, near Toronto, first foreign manufacturing branch
of the Reynolds company, has reached a $25,000 daily volume in the
first two weeks of operations, with enough orders on hand to keep
the plant busy for several months.
,
laying
air
air
continue their Steady upward, swing, "we
domestic sales
foundation
strong
a
Reynolds said,
'
world-wide
for
distribution
of
this
'
1
t
10^
of
Mr.
express,
the
available
shipments to
foreign
dgte have
been
increased as
Mpst of the
said, and this will be
international planes.
Reynolds
becomes
space
on
gone
to Sweden, Mexico, Alaska
and several
As routes are established, Reynolds also
Australia,' the Philippines,; Hawaii, China and
other Far Eastern countries now being supplied by ships.
' Thousands
of
inquiries, by telephone, cable, letter and personal
visit,
have been received from countries oh
all ^ cqntinents, i Mr.
shipments
Sputh
income tax.
share
Reynolds International Pei| Co.—Export $aies, Etc.—
more
have
American
ship
by
countries.
to
air
.
Reynolds
added.
American
servicemen,
to
whom
the
pens
are
available jln post exchanges, have written from their stations all
over the world regarding dealerships, he
said.
Purchases Chicago Plant—
Milton Reynolds, Chairman, on March 13 announced the purchase of
the
stopk
common
'
-
ultra-modern
'ft
1945-r-9 Mos.—1944
ft'
-
-The
property and the mortgage
were
purchased for cash, Mr.
Reynolds-said, from the Wolverine Tool Engineering & Manufacturing ■;
Co., which during the war manufactured parts for- aircraft engines.; :
New Plant
"-1,
building in Chicago, III., in which the company
operations last October, and adjacent land for future expan-
started
Bion,
v
.
.1944
1945
w
_._._^._..ftft—ft
Approximately
;
,
54,715ftEfti': 8U3,-247i-?l
170,976350,637'• !
in Canada Announced—
>
•
The company on Feb, 20 announced that it has opened a Canadian
manufacturing
branch
in Oshawa,
Ontario, Canada near Toronto.
Milton Reynolds,
Chairman of the board,
also announced that
■
164,320
guaranteed to write two years without refilling.—V. 163, P. 946.
on
not
prop,
&
for;
23,221,687,', 5^,254,452 * 6^,926,903
5,856,972
,18,784,308
ft ft 575,730
16,452,495
,
ft
544,214
costs
f
" 573,056
461,069
his
management
others
added
A.
March 7 by R.
Pty'ft Ltd., since the formation of that subsidiary in 1937.
(Australia)
Under
on
expanded
Australia
Rheem
at Melbourne
and Brisbane.
hin^ in Apstralia.—V, J.63; p. |?02.
succeeds
Sydney
its
plant
A. B. Taylor of Sydney
i
ft
ft
,f
.
ft
used
——
inc.
ft 179,594
212,864
appointment of
announced
and
debs
operation
>
Lightfoot Walker as his executive assistant/.;
S. Rheem, President. He will make
his office at the Eastern headquarters of the company in New York.
He has served as General Manager of Rheem Manufacturing Co.
The
ft;",180,783
Mantifactufing Co.i^-New OffieiaW;
Rheem
was
192,428
ft
583,655
"
6,753,525
and
'ft..-.
12,368;
18,000
''
m
53,449
'*<•
"
v
*,.?
.
V.-1"'
Richmond Fredericksburg & Potomac RR.—Earnings—
January— "
ft
1946
1945
ft .: 1944
• 1943
51,000
' \
.
ft: Vk.c prof.
1,324,013.
t$x—estim^
ft ?,941,346
7,126,345
%
TSTet income
—
.
$873,329
ft - ^Includes billable costs and fees
/{•Including
nine
ber
U.
S.
excess
months'ended
profits
December
$1,300,480
under
taxes
31,
of
$3,504,171
cost-plus-fixed-fee
$5,885,000
1945 and
and
9,332,694
$3,900,836
Gross
Surplus—March 31,
$8,125,000, in
1944 respectively.
■■■.■..
ft;
"■•'•
1945,
'
$14,314,675;
ft:-ft-
"ft".
from
from
$2,434,800
railway
995,201
railway
456,128
Net ry. oper.
—V.
income
p. 6$0.
163,
$2,958,867
1,363,326
208,504
$3,252,947
1,840,434
$3,110,406
1,951,083
307,375
339,037
t\
ft
contracts.
.
Rose's 5,10 & 25*Cent Stores, Inc.—Sales Higher—
CJPeriod End. Feb. 28—
statement of earned surplus for the nine months ended Decem¬
31, 1945 follows:
-..'ftftzzft^zv,-;,-.
.ft-..,'
ft
George D. Clarke, former RCAF wing commander, is President of
Reynolds International Pen Co., Canada Ltd. and that the company
will
produce and distribute in the Dominion the pens which are
'$23,758,711^35^36^$^
14,390,185
of
amort,
of
The
15c
common'
income
; "Even while
cost-plus-fixed-
exp.
ftfU. S.
,
;
Sellg., adm. & gen. exp.
Depr. & amort, of prop.
8-31*
12-20
50c
incl, costs
contracts
.'fee
5-31*
ft
■
56,702
income
Total
Cost of sales
•
9-20
40c
,
3-9
6-20
40o
434,523
Income
Misc.
7-7'.' Vv y 'ft'';Vft
3-16
3-20
40c
-
;:.dflmest^.,.corps.
■
3-16
ia
at
132,646
3^39
4-15
•
listing of 96,136
official notice of
In
1436) g
1945—3 Mos.—1944
to
^
Bales.
Net
by
'S/i
**
record
the
upon
^.31,400,000
ft
;
Less British
page
credited
Earned per common
-r-V.
163, p. 946,
3-20
deductible
7%.
$1)
53L235.00O
Net
porp.—
preferred
1-31
3-20
funds, less 15 % Canadian non-resideptl*
(Perbd End. Dec, 31—
MS
•
'
quar.V-^.U—
(accum.)
Co.—
7
Remington Kftnd |no^ (& Siilis,WEaroings--
r
3-15
4-10
ft
40c
•
Steel-^
Cap
preferred
Utah-Idaho
3-16
3-28
3-
3-16
Divs.frompartly-owned
50C
Upited Specialties Co.
Universal
Mi
Y.)—
(initial
ft
6-J5
50c
Rqbber Co., 8$i>' 1st pfd. (quar.)_-____
(N.
ft 3-15
3-28
37%c
,;Z
of
stockholders
common
authorized
(par
JZ..ftH;ftftftft._Zl: s6o',B15,OC>b
3-11
2-28
3-30
3-15
■v.'. '/
$1>
Co.
1
3-30
t- X
12.$1.75
Plywood Corp., common (quar.)____
preferred -(quar.)
.—1
4%%, preferred
(quar.)_i^i_________^_w
S.'Trust
4-
"M-
,
stock
,3-11
4-1
25c
S.
S.
i
4-1
4- i
$2.50
(quar.)
-4% %•
U.
'
.
(quar.)_ZIZV
——;
U.
4-15
4-ftl
ft1
.
ft
has
Exchange
common
-
•Net ' sales -1—.ft.. $23,207,325 $33,427,236 $81,532,241 $99,788,590
Interest and discount
60,163 '
45,934 ftft
175,386' -' -
'
•
3-11
4-30
$1.50
ft;
of
profit before taxes—496,051
Provision for Fed. Inc. & excess profits taxes
;15,952,608
8
$1.25
\
(quar.)
7%
preferred
(quar.) —
U. S- Pipe. &.Foundry, (quar.)
Quarterly, ■'■i.-ii-i,——
'Quarterly
'Quarterly
U. S. Playing Card Co. (quar.)
"Extra
1
3-18
3r 1
,,
._ft
—
Stock
Net
3-25
3-
4-1
4-
$1.25
Co.
ifet:
'-■7'Mk
Offering of the ■ stock tp th.c public wlU thpni be made through $
of underwriters headed by Union Securities Corp., New York.
The price of both preferred and common as well as the percentage
series of the preferred will be filed in amendment.—V.
162. p. 3080.
,
3* 9
V4f;V
—-
Co., common
4-i5
7'"*r
•'t
25c
*'
S
1
4-
50C
w..__
Guarantee
S.
r*rt
1
4r
125c
$1,06%
20c
to reclassify - each of the
presently authorized $10
shares $nd issue two shares of $5 par common stock.
/j-is .;
1
4-
50C
preferred-(quar.)
Upited New Jersey RR. Ar Panel
& Canal
'ft; 3-25
A- 1
group
$75c
United Illuminating
,......I
.
31,
/jVti
.
Calendar years—
3-21
^ Investment News
3-22
t
r
3-21
GeneraliCorporation and,
3- 9
3- 9
re^
4
:
to Dec.
as
Republic Steel Corp.-r-Earnings—•
3-21
;
,
3-9
3-20
3-20
ft
$39,081
and
8
will
3* 9
1945
1944
31,
$426,759 Dec.
contracts.
3-11
.
funds,
and
3-18
,
3- 9
/
6c
.
Preferred Stock Fund
.Union Common Stock Fund.
ft 3- 8
3-25
—
resident tax,
14,847,499
ftHowever, they
position 01
U,;r3* 4
25c
...
"Union
■t
1
ft. 30C
——
to
possible
3-4
1
3-20
19c
4-
$1.06 Va]
Machinery—
ip Canadian
3945
Government
order,
3-20
25c
(quar,|...ft
Jamaica income tax».
resident tax
i
3-12
3*22 •"r-,,342'
S.
NOTE—For
9
1
4* 1
4-1
-
$1.§0 ft
3,691,784
15,749,944
U.
on
shares
3-11
4-
$1.50
ft—
t?avable in U. S.
1,922,718
—
3rl5
"ft 3-
<77rqosfer hookii not plosed for this dividend,
%
2,561,875
1,831,393
4,875,374
York
New
be
pen,"
3-20
1
15c
.
1
will
are
$-20-
15c
Union
ft
$1.25
Corp.-.-Lft—,.Z——
.
2,750,411
19,824,000
2,561,875
8, 1946, payable April 1, 1946, as a 5% dividend, making
totaji amount applied for 2,019,100 shares. ; A total of $1,922,720
be
charged against earned surplus account, of which $96,136
will
3-14*
"3-30
-'75c
-
Zonite '-Products
2,786,536
{20,370,000
3-20
I
4-1
25c
Machine Co.—'
Yellow. Cab, 6ft pfd. (initial quar.)_.ft—..
3-20
'
50c.
1
4*
4-
.
75c
Yates-American
3- 8
Cdrp.4(guar.)—
4-
$1.25
25c
$1.50
;$20c
,
Mines, Ltd. (quar.)—_
Wriglfy (Wm.) Jr., Co. (monthly)———
.
188,814
..-....-..ft
credited to capital surplus.—V.
3-15.
■
Common
92,232
164,326
183,430
March
on
the
3-15
4*15
$$L75
■
The
ft 3-15
_
ft'.
&
663,103
ftft 185,702
——
use
additional
3-15
4-15
ft; ft ■
ft
600.000
5,250,000
156,697
year___.
Listing of Additional Common Stock— ft :
;
3-20
t$2
(quar,).,
(quar.)——
(quar.)
one
year...ftft.
one
$68,869,147 $68,852,884
to
issuance
1
4-
$75c
Co.—ft-
Worthington Pump
3- 8
37%C
preferred (quai^i^4.«
Corp. (quar.)
3-29
./■
3-26
l
2%q
Wright-Hargreaves
,
3-15
3-30
83%c
.
preferred
1,630,000
689,844
contract
within
tlncluding $209,312 as to Dec. 31,
1944 payable ip fpreign currencies.
3-15
4-
;
7,424,286
.
..
,
3-29
3-25
4* 1
4- I
2QC.
Government
retired
•Including $626,626 Dec. 31,
3-15
ft;
835,248
7,459,905
817,246
profit
excess
($25 par) ...ft
($1 par)
8tk.
surplus
stricted
3-18
1
912,870
and
'
.
(s-a)
pfd.
3-11
4-
income
ft" ^Qtal
3-18
4-15
$1.12%
$1.50
and
(net)
S.
to be
3,014,685
etc...
coupons
Capital surplus
4-16
3-28
U.
on
Common stock
4-16
5-15
foreign
pfd.
Earned
3-18
.
11-9
'4-15
•
3-15
5-15
Woods; Manufactpirig Qo.fftLtd. (quar.,
$50c
Woodley Petroleum Co. (quar.)—
10c;
Woodward & Lothrop, common (qqar.)ft'';
50c
$1,75....
7iW; Preferred (quar.)—_—lI_-__-.2ftJZI,
Woolwor'th (F. W.)
Ltd. (interim)
'2i%
8-10
11-15
Union Bag & Paper Corp..i—_.ji:;-;;,r"
Uiiion Carbide & Carbon^.—
Union
5-10
3-15
25C
3-19
3-30
ft
35C,
(quar.)—ft—-—
.Extra
3-16
v
$$1.75
ft'.'
(quar.)
Underwriters,Trust Co, (N. Y.) (quar.)__„
t
$1
Union Asbestos; & Rubber (quae.)..—IV/tG
17 Vac
■
6%
3-20
1
5-15
/v.
5
4-
25c
1
4-
•
56 %c
Century-Fox Filna—
(increased quar.).
Uhdefwood
3-15
$4.50
3-15
$1.75
preferred A
Winn & Lovett Grocery Co
Wisconsin Electric Power—
3-15
3-15
50c
Tuckett Tobacco, Ltd., 7%
pfd.
Twin Disc Clutch (quar.)—
AM- Extya —i—
'Sl.SO convertible
1
Wiser
Tyinity Universal Insurance (Dallas) (quar.)
.'J i Quarterly - v.-.
_Z
■t, rQuarterly.
.i.—
Twentieth
1
4-
A-
4-
4- 1
'
.
3-30
$1.75
.
3*14
$15c
•
8 7o
preferred (quar.)—
Wilsii, Ltd.
(quar.)
Wilson At Co., $4.25 preferred
3-15
3-30
Oil
1
4-1
■
Will & Baumer Candle Co.—
2-15
4-
12%c
.
Wilcox
■■Hitv
$25c
$15C
(initial)
Torrington Co. (quar.)
Tyadera Finance Corp., Ltd.—
•ft,
2-15
$25c
/
—;
Class
,
>■%*
4-18
-
8%
Brothers. Ltd. (interim)
Toronto General Insurance-Co.
(annual)—.
Toronto Iron Works, common
(initial)
8-12
25e
and
rents,
merch.
1,986,914
2,328,595
3,173,323
contracts
Reserves-rrFor insurance, etc.—
For foreign exchange
fluctuations
For contingencies
Funded debt
3-19
4-
$1.50
Stores, Inc., common (quar.)
$4.23 preferred (quar.)
ft,.
6% -preferred .(quar.)..fti.
ftift.ftLft,-
9*
1
of
service
Dividends payable
Liabilities due after
1
3-
'
insurance,
redemp.
of
$639,081
$209,312
2,552,076
—
interest,
Debentures
5-15
1
4-
20c
(quar.) „ft,.—
Ltd.
1
$$1.75
(quar.),ft—
Inc.
4-
22VaC
Wieboldt
3-U
.
11% %
—
Tooke
_5'iv
3-11
1
-
i
8-15
-
.
$5 convertible prior preferred (quar.)——
Whitaker Paper Co. (increased quar.)—,.
White Motor Co.—,
3- I
Axle
Co.,
(quar.)__„
Tip Top Tailors, Ltd. (quar.-)—.
Tobacco Securities Trust Co., Ltd.—
American dep. rets. ord.
reg.
(interim.)
American dep. rets. def. reg. (interim.)
preferred
fp
6-
S.
Advance
8
1
2,790,932
wages
of
taxes—estimated
5-15
4-15
Wheeling & Lake. Erie. Ry. i.(quar.
Wheeling Steel Corp., common (quar.
3' P
3-31
3-
;;; 4- 4
50c
.'ft;:-v^ftft-■1
............
taxes,
cost
completion
U.
$1.75
Explorgtionftipqf^ft^^-^^P^^
Westpn .-(George).,
3-11
3-29
>■;'
■
3-25
3-31
/;r: < SI
> ;>
ioc
Accrued
3-18
356,148
8,248,096
1,226,657
'
_ft
,
loans
3-18
1
4-
153,871
153,671
693,391
10,229,001
' 1,765,375
accounts
Estim.
Co„ Ltd,—■ ;
(Toronto)
Condensing,-5%
Westmoreland,
-
$3.50 pfd. (accum.)—
Co.
ft Westmoreland Water Co^ $6;
1*
Thrifty Drug Stores, common—,
t25c
4% k preferred A (quar.).
:.
$.$1.12 %
Tjide Water Associated Oil Co.—
?
;$3.75 preferred (quar.) ——-*■
933/4C
*
"1%
3-15
4- 1
,
...
:
.....
LIABILITIES—
ft-;
$1.25
Western Tablet & Stationery Corp.—
;
6% preferred (quar.)
ft,.^.,
9
3-
1
4-
4*1
:
etc..
payable
Commissions, salaries and
3-16
25c'
'
$68,869,147 $68,852,884
IBank
8ri5
1
6,260,459
2,244,343
:
......
patents,
Trade
3- 4
3-26
50c
Western Grocers, Ltd., common—l-..ft__,,
ft -Extra--ft_—
:_._ft,i,ft-_—_ftv
3-15
.
3-23
7
3-16
,
) 3-20
$1.25
$2.50
..
25c
k:
Western
3-15
1
'
1
4*
U
,
Electric
Assurance
We5tern
8
1
3-30
4-
$1.37 %
ftWesternDepartmentStores(initialqua,r.)-
8
44-
-
3-30
15c
(quar.)ftft_ft_ft—
preferred^fquA^jft-ft^-ft--,,^,^.
'Western
3-15
-4-10
15fi
Virginia Water Service—
'^'$4.50
3-15
ft
4-20
30C
.
West
3,085,654
551,045
15,416,788
5,147,121
642,432
facil. contr.
Total
9
15,752,727
864,758
——ft.
(net)
Gpodwill,
25Cr
;
14,12?,186
ft
;_
17,133
.....ft" 18,708,739
under govt,
V—
Deferred charges
4-19
■ft;-.ft;. 50c
Properties
3-11
4-19
;
Co., dlass A (qua"r.)__„
(quar;) ;_ft..^ft:
ft.
(quar.) .ft._._.ftft_,,ft,.,.il
Penn Power Co., common (increased),
% preferred (quar.)—
:
Texas Utilities Co., $6 pfd.
(quar.)__
Virginia Pulp & Paper-^.-.^
'
6
25C.U
25c
(quar.)-
3-
4-
ft
t20c
ft'-'.-'
■:
-
■
4-
•
$1.75
Co'.,; _• <quar.)
Texas Hydrp-Eleetrie,
Texon Oil &- Land
3-16
t62%c
_
pfd.
1
56 %C
(quar.)—
Corp., 8%
3-14
5-
West
3-14
3-30
62%d-:./''
Telluride Power Co., 7% preferred (quar.)
Temple Coal Co., $6 conv. pfd. (quar.)
Tennessee Corp.
Tennessee Products
4'/a
West
'
(quar.)——
common
3-30
$1.25
——_
West
2* 4
75c
qommpn^i—
ft
(net)—
cost-plus-fixed-fee "
ft—
on
7-15
3-
1,678,582
—
4-15
1
3-20
$$1
(quar.)ft,.,.—
-
receivable
fees
machines and equipment.
Investments and advances
Bonds on deposit with New York State Indus.
-Commis.—at cost
8
8- t
$1.75
preferred
>7%ft preferred
-3-1
4*
'
:
5-
.ft-fts
—
(quar.)_____,
preferred
•
Penn
ftft-6%
1
13c
%.%;:;^p»eferr^::v;Xquai^)i^i^^^i-£^f
Texas
3T
-
40c
(quar.)—____—
$2.50 preferred (quar.)——
Taggart Corp;,
Talcott (James),
'4
3-16*
3-30
30c
,
West
-
1
4.-
25c
.___
Class 'A'
7 5% preferred
:.
'
40q
-
Superior Steel .Corp, Xquar.)
Swift & Co,, (quar.)
L__
Syivgnite Qold Mines (qu.ar.)—_
7^
?
ft; 1$3.75.
j-.
s
•
; West Kootenay Power ftAftiight
3-18
•
Sunshine Mining Co. (quar.
Synstrand Machine Tool
Tacony»Palmyra Bridge,
3-14
3-18
%
4*1
$1.13
i—
v5- 4
3-29
25c,
15c;
——
—
3-21
.
.
.37%C
$1.5,0
Wayne Pump Co. ^ (quar.)——
Weatherhead Co., $5 preferred ( (quar,).
Wellington Fira Insurance Co. (s-a)_
I_
Wellington : Fund, Inc—^—l_T__
Wells Fargo & Co., 4%^ conv. pfd. (s-a)..
Wesson1 Oil & Snowdyift Co.; Inc; (que*,)...
1
9
,5-15
31 y4c
Studebakep Corp.: (s-a)
Corp., common....
Sqn Chemical
33-
4-
.
/
5%; preferred (semi-annuaj
;Waukesha Motor Co. (quar.)
3-32
1
3-20
25c
,ft/;:$ 1.25 preferred -; (quay/)
$4.50
"•4Vi:
25c
$1.25
(quar.-)™•„
common
preferred
and
1,678,582
bonds-.-...
Rental
3-20
3*
ft
-
■
8
3r2Q,
Washington Railway & Electric Co.—
3-15.
3-36
3-30
200%
-
.
0^'Warner, Brothers;Pictures; (quar.
1
4-
drafts
refund
Miscellaneous securities and accounts
ir
Inc. (quar.)
Q'/e
preferred
preferred
3-
3-20
,
Ltd.i._——s
1
1
and
contracts -ft
Reimbursable expend,
8
$1.35
JB^VaC
Co.^; commoaft—ft^-ftftwft—ft
Baking
;,ftft '5 % %
4t 1
7V2c
!3%c
sterling Motor True* (stock dividend)
stoke}y-Vari Camp, Inc.—■
i9r//> prior preference (quar.),
Strawbridge & Clothier, $5 pfd. (quar.)——
ft Ward :
8-31
12-12
Co.,
v
$4.50
Agricultural
System,
Walworth
I
25c
conv.
Electric
Wagner
.6-15
?5C
,
Sterling Drug,
Sterling
6-29
$1.?5
preferred,
r-
-v
■
3-30.
Ltd.' (quar.)—ft—
Corp. (quar.)
Cotton,
4-
tax
1944
$12,131,506 $16,593,762
—
profits
excess
costs
;
3-20
3-
S.
Upbilled
1
3-30
preferred
Wabasso
1
30c
37%C
common.
9-
——
Accounts
6-. I
12-
4-
■
$2.50
..
Co.,
ft;
■
4" 1
ft,
$2.50
-
(quar.)-
Railroad
'4 Vz '/c
•
9t10
CONSOLIDATED BALANCE SHEET DECEMBER 31
ft "ft", ft
1945
-ASSETS—
"■Cash
Inventories
preferred1 (quay.)'
Wabash
3-20
r
'3-30
preferred
8^0-
;
;
ft;
9-20
3tU
12-10
t«f?5
—
Chemical
6 % '■■
■ft ft:
$1.75
Vulcqn Detinning Co., common7% preferred (quar.)—
3-1
1
4-
t50c
_
Sijecher-Traung Lithograph Corp., common
^ ip'/o
preferred (quar.) ———-—'
*
$1.76
$1-75
.
——
i
6 'i'o
ftft ft
&td.--r"
preferred
Stedman Bros., Ltd. (quar.)—
-
I
W
.
i 33/4 % preferred A (quar.)
Standard Paving & Materials,
>
4-
;
„
—
Works,, com. (increased)
.3(6^ preferred (initial quar.)_______
Virginia Electric & Power—
$5 preferred, (qua?.).—ft-r—-;r—.
;
Virginian Railway: (quay.Jfti^^-.---^*^
""
"
(quar.)
'prefearred-,-(s-a):i,-4—
'5%.'
Victor
3.-20
■
'
6-20
3-20
U.
(s-a)
Common
f
(qua*,)—-
3^21
ance
ftrlO- 1,.
35©
Viau, Ltd., 5^ preferred (quar.)
yicksburg'Shreveportjb Pacific Ry Co.—
ft;
4-3Q
3-20
I
Corp.—
£3
1% ft preferred
4-15,
3-29
$1.37%
1
31, 1945, $3,504,171; total, $17,818,846;
dividends paid, $345,796; common dividends, $723,107; bal¬
surplus Dec. 31, 1945, $15,749,944.
preferred
1
4-
,V
for the nine months ended Dec.
of R«0,
4-
7-1
62'/ac
62 Vac
.preferred ■ (quar.)
'
preferred- (quar,)-4^-^-^^i^-^iii-'
7 % :r
3-1^
■
.
it
Holder*
Vapor Car RLeating Co.,
.
Standard Chemical Co., Ltd., 5%,pfd. (quar.)
Standard-Coosg-Thatcher ." (quar.)
—
Standard Fruit
Van
ft
,
62 V'aC
prior preferred (quar.)_____j__^___-_.
Norman
Company
(quar.)
3-15
:
1
3-3p
5PC
_
>
*
«
t/
i.—I——'—*.,,.
(quay,)
Sfcaley (A. E.)
4-
prior
When "
Payable
$1.25
v
preferred (quar.)
preferred (quar.)—
prior
6%
t%
"*
'
Share
;
class A preferred---
5%
4-11
4-15
$1.13
;+r—
—
&' Sons—
ffomaof Compcnf;' .;/>"•
ft
5Ve
-
.
(E. R.)
preferred
$4
-
Utica Knitting Co.,
Springfield Fire & Marine Insur. Co. (qua*.)
Square
0/AM.
$1.25,.
;
Squibb
■"Per
Holder*
Payable
Co.—::,>V
r -$5
preferred (guar.)—.
—J
Southwestern Gas & Elec/, 5% pfd. (quar.)
Southwestern Life Insurance Co, (Dallas) —
,-•■
When
-
Share
;
.
.
Southwestern Associated Telephone
1479
netuproflt
Sales
ti2-i
,,.1946—-Month—1945
$877,244
■^VC 163,
•
p.
-ft
318.
.
.",ft.
•/
$808,164
/ft ;ft
/
-
:
1946—2 Mos.—1945
$1,717,340
ft;,.ftvft
•:
$1,604,149
'ft-
v
'
.;■
Rochester Gas
♦Power
and
$21,448,687 $21,211,408
8,382,582
1--*--—
8,507,713
i
purchased for resale
gas
pit.
Prov, for deprcc. of prop.,
Other
& equipt.J-
taxes ••_!———
-
-
■
$4,198,639
14,143
$4,227,046
1,382,604
$2,844,442
CONSOLIDATED INCOME
-
^Reduction
in Federal income
-'Balance
to-
912,000
$3,523,442
J
—
Operating income
$3,776,472
( 1,788,609
$5,589,830
413,969
$2,877,381
466,615
Income credits
surplus---^_-----.^-^w,-r„-
and $234,939 in previous period
Vtlncluding $227,491 in current period
from
associate
an
1
company.
Gross
!
$6,003,799
$5,584,649
$2,951,718
taxes
income before
Net
Federal
income
h 250,000
taxes-
excess
profits
*Federal
for.
& other
fCanadian
both
taxes
^
233,133
$2,342,652
$2,040,034
186,521
41,658
.5)' ( Domestic
r.s.
->
.'Subsidiary Consolidated—Foreign Subsidiaries Not
Consolidated)
'
f
1
$2,211,411
$0.45
$1,853,514
$1,855,927
$0.36
^et
for Fed. inc.
*$55,286
1,365
153,783
Crl9,2G0
tax
■
Earnings
share—._—
common
per
$0.36
■
V $725,960
of
288,886
The
*$90,024
•1944, after post-war refund of $116,000 and debt-retirement credit
$120,000; 1943, reduction of provision for prior years.
fAfter
1944, $16,216; 1943, $29,729.
$0.14
Nil
Nil
-
$0.28
tributions
in
"
not required to.
make any refund for any fiscal yeare prior to
1945^ :, Company's
contracts for the fiscal year ended in 1945 and for the five-month
r'
"■'
^
received
and
1944
■*
-
such
from
companies
,4Jl',:u' *1*7/''1""
,1
'/
by
Net
1946
from
*48,670
oper. income—.
•Deficit.—V. 163, p. 820.
Safeway Stores, Inc.—Earnings—
1945
$228,753
*13,080
$195,094
10,091
railway—„
railway
from
.
*80,815
*87,253
;
,
;
"
profit
—
$5,082,514
-
dividends "
per
11944 $.§
1945
Calendar Years—
tEarned
$3,336,315
——1,039,615 /
share-——-——
common
$1.59
:
*After
fOn
providing
U
depreciation
taxes on
income
the
average
number
the
three-for-pne
■'
V*U"
-
charges,
for
shares,
effect
year,, giving
»
interest
for
provision
2,540,652
to
v
•
[Z{,<
1945
for
split-up
order.
of
on
the
stock.
common
from
Gross
Net
Maintenance
General
Fed.
ry.
railway
$1,490,279
1944
•
Federal
$1,638,829
816,884
$1,470,367
ry.
1945
1944
-Try.
$8,957,101
820 and
pp.
2,622,703
1 ,412,924
1,659,109
1,553,746
OF
1946
1945
revenuesj._;__—____
$8 ,282,736
$10,035,611
operating expenses
Net railway operating income—i—
6 ,933,153
6,831,955
864,302
1,459,322
50,603
34,210
operating
Total
——
Other
income
—;
Total Income
—,
•
—
5,153
—
$909,752
>'■
'
1946
from railway—
$1,491,682
railway-^.--..
income—
■-•—Vr
1945
$320,49*4
irom
oper.
163,
and
1944
Total
Railway
tax
126,909
95,005
134,458
172,557
88,895
'■)19,413
62,062
80,789
;•
2 989,169
-
2,857,818
$3,364,232
83,938
86,045
v
,
80,904
'-
8%,
A,
notes 2 V* %
Accounts
$522,709
$1,260,790
v
income;
U
163,
13,000
2,829.978
5,226
.10,160
250,000
250,000
136,300
-4——.
-
;
-
•
3,100,012
,
1,043
3,100,012
6,000,000
:
$338,767
income
$923,010
5.458.000
1,872,000
-
-
—„_2,850,000
—J
14,284
1,311,334
39,330.
39,039
31,735
86,819
19,411
967.469
-
—
accrued liabilities—,
for construction—
——-
—
f 15,512
damages
Other
20,830
;
Earned sui3)lus ^-i:--A-.---—
255,601
—
417,139
—
-
$706,448
vi
Regis
163,
hi 1945
were
at
Co.—Annual
all-time
an
Statement—Net
vT*
high, Roy K. Ferguson, Pre¬
sident,
announced in, connection with his release
company's annual report to stockholders.
the
the
At
program
the
for
sold
to
time,
same
will
wide
he
variety
than
more
of
reported
a
"The
wood
score
the
company's
immediate
of
s
current
expansion
of
leng-range demands
products
manufactured
for
sions."
America's
and
commerce,
products
the
"i
and
peaks and
Products
.
■
•'
of
and
end
Mr.
uses
valleys
St.
derived
of
Regis
from
Ferguson
Paper,
'
cross
explained
constitutes
demands
wide
a
a
"the
measure
in
the
its
fields
of
L:","
-1
•
of
dividend
6.
1946,
as
split-up)
a
-*'u
protection
and
disbursed
of
yyj.
affiliates;^
hre
a
share
one
as
on. -the
dividend
common
on
of such
the
74,250
(considered
share
for
148,500
additional
shares
common
each
common
to
on
the
nature
common
shares
be
two
issued
in
shares
outstanding
shares.
an
extra
of 87cents per
share.
.
The
splitup of the common shares, without par' Value, was effected
the distribution as a share dividend, on March 6, 1946, of one
mdditional common share, without par value, for each two common
shaves.,'without par value, held of record at the close of business on
of
against
is, paid
i
.
•
Febi'-I9(
1946.
The Committee of Security Rulings of the New York
Exchange ruled that the common shares be quoted "ex" on March
o1946, 'Said stock distribution.'—V. 163, p. 319.
s
V..^'
EARNED SURPLUS
1944
profit
——
1,090,508 \ 1,002,967
5,650,385
4,578,095
$2,819,611
$2,926,381
————
—
65,360
Pulp & Paper Co.-U65,360
Purchase discounts, interest, etc.—,
—127,030
Gain from sale ot plant assets-—
109,284
Interest on additional taxes for prior years—
Dr73,850
Dividend from* Brunswick
Prov.
for Fed. normal inc.
Federal excess- profits
Net earnings
taxes-
on
preferred
Dividends
on
common
amount carried
Net
,
:
$2,976,679
per
common
1,070,000
987,256
220,000
265,467
$1,756,205
taxes and surtax...—
$1,620,242
tax—
—
254,013
254,013
1,387,030
1,202,296
$115,162
$163,933
shares—-^--—-—;
shares
earned surplus—-share——:
to
CONSOLIDATED
-
103,714
108.0C0
—
■--——■—
Dividends
■
91,703
$3,154,205
Total
Provision for State income
f Based
sold,
$2.00
$2.04
>
the averagflj
on
"
DEC.
SHEET,
BALANCE
31
1945
assets-
the board declared
by
industry
diversification
served."
subsidiaries
.
section
oil Feb. 8,
Last year, the company-paid four regular quarterly cash dividends
of 25 cents per share on the common stock
and, in addition, on Dec. 15
substantial
are
the
outstanding, as well
prior to the issuance
and
Mr.
Regis sales
Ft.
t$d^.dirCct6rs"held
regular quarterly cash diylderid of 25 cents a share on the common
without, par, value" payable on March 30, 1946, to holders of the
common shares of record at the close of business on March 15,
1946.
Thus
growing basic industries
expansion of production facilities )n all divi¬
Ferguson said, continuing: "This is being accomplished
iby construction of new plants, by modernization of equipment in
pres¬
ent establishments, and through acquisitions of additional
properties."
rilled
products sold—————
—U.-—,—
Depreciation——
•Distribution, administrative and gen. exps.—
Gross
will b®
$37,679,661 $31,467,002
28,012,387 ; 23,066,329
-
-
of
Cost
?
shares
.
cellulose:
of
and
meeting; of
a
March
continued.
be
At
the
th®
ox
freight paid on products
number of shares outstanding.
'
sales
,
Including
p3i9t; r?v'
u -f
Paper
r
$15,257,304 $18,661,171
(The) Scliiff Co.- •Usual Cash Dividends-^
■^J)u' St.
end
tEarnings
Total'
~v.
$121,356
-
the nominal figure of $1.
1945
■
$962,049
—
the
sales
Net
2,969,999
40,343
27,391
204,585
—65,876
110,864
1
79,134
^.1—'
advances
and
issued
Co,
CONSOLIDATED STATEMENT OF EARNINGS AND
—-
i,——
—
—
Machinery Co.,
exchange for 136,840 common shares of Scotb
for that, purpose.
The directors of Scott Papec
Co. valuecl the acquired net assets at $5,500,000 of which $2,150,000
was
allocated to common capital and $3,350,000 to paid-in surplus.
Subsequently, goodwill was determined as being equivalent to $3,277,500,
This amount was written off to earned surpms in 1945 in accordance
with the company's long
established policy of carrying goodwill or*
acquired in
were
Paper
that year. It is anticipated that no renegotiation refund
required for such business in 1945.
1,300.000
';
-
'
i—
&
taxes resulting from revijew of'tax returns
^
the Bureau of Internal Revenue;
1945, all the assets of Automatic Paper
the year, contracts w^th tbe Government had been
either completed or terminated.
Profits on Government business in
1944 have been reviewed and no renogotiation refund will be required
$1,000,000
$1,000,000
>
shares
accrued
prior years'
26,
for
due 1945-1955
current
1
Vice-President,
course,
—$15,257,304 $18,661,171
—
deposits
Reserves-^-retirement
820.
p.
2,716,779
r)
payable
Customers'
of shares to be purchased will be
intended that subscription warrants
completed. It is expected that two other paper machines, now in
of construction, will be operating before the first of July,
,
.
—
accrued
Interest
337,780
256,741
-V.
cost,of
original
—
.167,027
69,413
887,641
%-■ 77,388
3.987
12.927
Taxes
29,759
income:
income
162)803
Injuries
$1,231,031 '
33,546
-
183,942
Net
8,015
36,006
'
116,862
$489,163
operating income,-.
railway operating
Cres
over
B, -IVz
C, 1%,
Other
Non-operating
273.550
Uncollectible accounts
railway operating income_-__._
Net
V
expense—
Savannah Electric Co. consol. 5s, '52—^-^—
Savannah Electric Co. consol. 5s, Serial Bank
1,930,295
107,932
-^•?
railway
and
—
Customers'
Total
268,461
189,527
——--
\ 2,500
shares---,
2,500 shares---—
Series D, 6V2%, 1,363 shares
Premium on debenture stock, Series B
Common stock (133,334 shs.v no. par)
1st Mtge. Bonds 3 ,0 Series Due 1975
1st & Refunding Mtge. Bonds.
1945
$761,936
valorem-—
3,215
-
256,596
preferred tsock
preferred or debenture stocks ($100 pari:
6'/e
$6,222,050
income taxes__-____.^_
Other Federal railway tax accruals..-.
Olher
cost
—
Series
$3,751,105
^.Federal
1,213
;
First
Ry.—Earnings—
railway operation^-—..
accruals—ad
discount
LIABILITIES—
number
It is
warrants.
1944, the company's wholly-owend subsidiary, Marinette
Paper Co., purchased from the International Paper Co. a paper mill
property at Fort Edward. N. Y.
Since that time, as materials and
equipment became available, extensive rebuilding and renovation ot
that property have been in progress.
Although the completion of tha
program has been delayed somewhat because of difficulty in obtaining
certain equipment parts, one paper machii^ was completed and put
into operation in December of 1945 and another in January of 1946,
ScotTowels are now being
manufactured in the Fort Edward mill
and the production of other Scott products at that plant will begin
as
soon
as
the installation of the necessary machinery
has been
885,446
:
3,526
less premium—
expense,
debits.
Series
from
revenue
">•
r.
———
Series
''•Net
;
-——i
recorded
of
becomes effective.
Subscription warrants will
stockholders on or about ApriL 2.
The sub¬
the
On Dec. 27,
5,610
1,116,050
>
110,446
v
for
its books at
31,666
:
■
2,761
.utility plant Other/deferred
1943
W
1944
•
■'
—
$333,422
1946
31
31,270
supplies—
debt
and
the
May
At
$309,405
Month of JanuaryRailway operating revenuesHallway operating expehses^i^.J^4.^^^t^—
DEC.
'
debt
Excess
$1,792,390
$289,479
St. Louis Southwestern
SHEET
BALANCE
345,000
Unamortized
common
1940-1944 btf
Inc.,
60,000
149,114
459,202
stock—
1945
On
>
stocks—
Prepayments
820.
p.
in
•
22,119
sufficient
a
common
V for
—$10,937,664 $13,065,005
receivable
Accounts
■
Januari'—
ry.
60,000
47,219
preferred stock—
receivable
Warrants
■
-
-
provision for dividends. on preferred shares, ' net earnings
share in 1945 - (based on the average number of shared
were $2, as compared to adjusted earnings of $2.04 in
1944,
The increase in earnings from $1,96 (as published in the 1944
annual report) to $2.04 resulted from a reduction of $54,022 in the
provision for taxes applicable to 1944.
This reduction is included in
a
net additional tax provision of $116,675 charged to earned surplus
$391,434
■
vi:St Louis-San Francisco & Texas
Ry*—Earnings—
Net
.
622)503
p. 820.
Net
298,050
$218,078
..
Special deposits.
:--rf
Gross
33,025
$36,125
.21,590
t$fv< S. .'Government. :• SecifritieSiia «i.i——--s.i
$1,493,532* $1,796,025
1,850
3,635
$914,905
——
income
'''■'Balance available for. fixed chgs.
^-V. 163,
$772,666
381,232
$18,927
Unamortized
from
$516,129
>
1944
$9,405,529
6,566,257
1,773,906
■«
offer
to
produce
outstanding)
20,983
$69,150
plant
Materials
7
Z)r3,677
1945
'
'Deductions
$519,807
12,903
Other physical property—
;Other' investment
SYSTEM
will
the
per
$751,682
$56,246
ASSETS—
Utility
-
abbut April 2,
or
as
Annual Report—Raymond C. Mateer,
on Feb. 25 said in part as follows:
409,850
COMPARATIVE
946.
J'Month of January-
!
Total
529,999
$41,741
^
common
on
will v
registration statement.
2,414,829
EARNINGS
;
34,133
Z>r 1,223
inc.
debenture
on
stockholders
After
deductions
$7,790,041
3 ,043,717
railway
oper. income
163,
-
$40,517
income
Dividends on 6#
1943
$9 ,622,381
1,216,148
779,498
.
from
Net
1946
$7,888,944
.
railway.^,
51,680
.
41,128
Net
Dividends
from
711,500
income
fU
January—
646,000
:■•■:"}
over
income—net
Income
the
28,
sale of common stock'wilt provide a parts
funds required for improvements in and additions to existing
facilities, including the installation of additional paper making
and finishing equipment at the Fort Edward, N, Y,, plant of the
v/holly-owned subsidiary, Marinette Paper Co,
If the proposed new preferred issue is approved by the stockholders,
it is the intention of the company to authorize the issuance and sale
of 64,115 shares, or a sufficient number of preferred shares to retire
the presently outstanding 29,780 shares of $4.50 cumulative preferred
stock and 30,000 shares of $4 cumulative preferred stock.
The new preferred stock will be issued at riot less than $100 per
share, and will have a fixed dividend of hot less than $3 and nofi
yhaore'-than:i$3.75v-i^
It
is planned to file
a
registration statement with the SEC
covering new preferred and common issues.
Subject • to registration
statement becoming effective, it is contemplated that the offering of
the new preferred will be made by underwriters on or about April 2#
and. that presently outstanding preferred shares will be called fog
redemption on or about May 6, 1946.
The company, it was said, has had discussions with Drexel & Co.
and Smith, Barney & Co. concerning underwriting of the proposed
offerings, but no definite arrangements have been entered into or will
be reritered into" until immediately prior r to the effective date of the
115,300
.37,000
Dividends
Grocs
107,000
6,400
operating
March
336,178
10,885.
26,986
exc.
Preferred
,
be held
to
on
shares
statement
to
in
313,809
29,375
296,576
profits tax
accruals and
,St. Louis-San Francisco Ry.--Earnings of Co. Only—
Net
364,335
surtax
Of
Gross
361,098
■
2,363,950
29,882
orig. cost of util. pit.
845,093
"" 193,869
306,685
$5,002,272
2,430,504
30,016
exc.
res.
amort.
Other
1,029,374
276,393
642,095
-
$4,894,222
214,086
taxes
and
1945—12 Mos.—1944
$426,290
198,009
-
*
New
and
,
common
price
1943
.
$1,974,297
railwayi-Ll—w
•
normal
Ret.
Ry.—-Earnings—
1945
oper. income*—.
from
■Net
1946
always
nat
alphabetical
alphabetical
$381,282
—
Utility
St. Louis Brownsville & Mexico
is
near
exact
1945—Month-r-1944
Period End. Dec. 31—
March, 8 declared a
January—
as
in
possible.
as
Operating revenues
Operation
.i---
-..Oct.>:'l and Dec. 20 last year, while on April 1, 1945, a dividend of 75
.■cents per share/ was paid ■ on the old no par value common stock
which was split-up later in the same month on the basis of three $5
.par shares for each no par share held.—V. 163, p. 820.
-
it
reasons
always
are
companies
Savannah' Electric & Power Co.—Earnings—
1'^
v.".
quarterly dividend of 25 cents
per
share on the $5 par common stock and the regular quarterly
dividend of $1.25 per share on the 5% preferred stock, par $100, both
payable April 1 to holders of record March 19.
A distribution of 25
cents per share was
made on the present common stock on July 1,
•
to' arrange
:
To Pay 25-Cent Common Dividend—
The directors on
However, they
possible
position
$3,336,315.
during
.'■ii-y v '"*•
1
T
taxes
and
was
outstanding
mechanical
NOTE-—For
,1,058,683
$1.63'
'
income.,'The
Common
plant
1943
$162,343
22,838
*24,502
1944
$191,369
*20,026
of
mailed
ot
v
San Antonio Uvalde & Gulf RR. —Earnings—
Gross
Net ry;
Preferred
meeting
Intends;
company
specified
$100,000
approximately
V'1
for
.
shall expire on April 16.
The proceeds from the
$216,000 in 1943.—V. 163, p. 232.
January—
ended Dec. 31; 1945, are now in the process of renegotiation
is not anticipated that any refund will be necessary.—V. 162,
p; 2990.
period
-and'it
*Net
annual
scription
NOTE—The equity of the company in net income of foreign subsidi¬
not consolidated and foreign associated companies exceeded dis¬
"
V# In connection With renegotiation, the company was
v
*Loss,
SEC
,
,
registration
be
aries
11,074,472 com. shares
.
$437,074
*$56,651
$221,167,
on
the
stock and 67,065 shares -T
'
?
stockholders will be offered the right tocommon on the basis of one share for each 12
'
approximately $3,000,000
in
additional capital.
As of Jan. 31 last,
there were outstanding
804,782 shares of common stock out of 1,000,000 authorized.: "•
It
is
planned to offer the additional common shares initially to
holders of common stock of record April 1,
or
such later date as '
Canadian post-war refund;
.Net profit———
"Earned
per
share
with
statement
preferred
on
number
1946--6 Mos.—1945
1946—3 M0S.—1945
♦$109,224
$374,949
iprofit aiter deprec:
Proy.
Net income
.
.
.
J»driod End. .tan. 31—
;
busi*
of
proposals to Increase the authorized common Btock to 2,000,000
shares from 1,000,000 and to create 150,000 shares of new cumulative
$1,897,585
131,241.
bef. deduc.
Net inc.
close
v,,
:
preferred stock.
of minor, int.
Minority interests in income-^----
Royal Typewriter Co., Inc.—Earnings—
the
at
Preferred, Common Shares
registration
a
cumulative
Additional
Issue
the
At
vote
jparents.—V, '163, p. 318.
v
filed
par)
Shares—
Cr200,000
169,615
of
To
1,021,000
125,000
I2'
2,132,852
tax—„-.
has
(no
expired
163, p. 660.
'■
; •"
'. ■
'v
•
•
•• ^
s
unsubscribed
for,
along
with
the new preferred,
will be
publicly by underwriters headed by Drexel & Co., Philadelphia,
Barney & Co., and ^Merrill Lynch. Pierce, Fenner & Beane, 'B
New York.
The offering price will be filed in amendment..' t i
Smith,
-
'^Resulting from deductions in the consolidated returns, for interest
end amortization charges on securities of indirect parents (reorganized
during Jan., 1946, under Chapter X of the Bankruptcy Act), which
deductions will not be available after the reorganization of such
stock
common
Shares
offered
392,278
$4,475,504
charges
shares
the new
shares now held.
$3,343,996
;419,150
—;
of
1346.—V.
11,
purchase
yi.
$5,669,203
4 1,193,699
income
Income
shares
(no par) common stock.
The company's common
1,102,814
$4,192,753
.
16
March
company
65,000
1,476,450
Provision for depreciation—.
,
,
The
1943
1944
'
into
on
Scott Paper Co,—Registers
"STATEMENT, YEARS ENDED. DEC. 31
1945
1,348,310
679,000
taxes
stock
ness
sales, royalties & rentals
$52,500,824 $48,388,277 $25,527,784
Cost of sales, sell., adm, & gen. exp.)
48,308,071 J[41,009,838
21,547,589
$2,864,472
—-—
_
molded
an
Net
$4,212,782
———
————i—.—
deductions
income
Net
1,558,000
'
••
-
i---—
income
^Gross
Income
2,123,682
3,038,634
(net'
'
j
:
income
''■
outstanding shares of convertible preferred 6tock, par value $25,
were
recently called for redemption on March 15,
1946, • at i ■
$100
per
share
plus accrued dividend
of
$1.87Va
per
share; arej:]
being redeemed at the Commercial National Bank & Trust Co., New
York, N. Y.
The privilege of converting each share of preferred
extensive
record
of
production for victory and with
a
major reconversion
problem In only its Panelyte plastic division," Mr. Ferguson said, add¬
ing; that this reconversion has now been completed. •, ;
of World War' n found St. > Regis with
"The conclusion
Schulte, Inc.—Redemption of Stock—
All
which '
laminated
'
$4,192,024.
35,022
"Operating, income'
.Other
(D. A.)
papers;
and
replacement
parts,
and wire tiesj fabricated
plastic parts, and sheets, rods and tubes,
ery,
326,433
1,583,438
' 2,140,960
' 1,466,000
3,068,897'
;
income:
Federal
V
331,224
1,741,869;
Maintenance
and ' specialty
director, " book
catalog,
heavy duty multiwall bags, flour bags and sugar pockets; draft multiwall
paper,' shipping sack and other kraft specialties;
rope stock;
bleached and unbleached kraft pulp; bag-making and filling machin¬
1944
1945
.
—
printing;
light-weight
Electric Corp.—Earnings-
and
12 Months Ended Dec. 31—
•
Monday, March 18, 1946.
.....
Operating revenues
Operating expenses
■
CHRONICLE
THE COMMERCIAL & FINANCIAL
1480
T^T*
;
:- % $2,"027,439
Cash
Government securities (at cost)—--—-Xyv 1,321,000
Dominion of Canada bonds (at cost)——59,000
♦Accounts receivable —X'———
-.^--i:/>2,49J,&b2
Inventories (at lower of cost dr market)——
5,979,080
522,824
Claims, advances, etc. (after reserve)
—
133,045
Recoverable portion of Fed. excess prof, taxes.
U.
S.
Employees' U. S. savings bonds and cash held
under payroll deduction plan———————
bonds, at cost—
Patents,
trademarks and goodwill
—
404,470
30,010
238.140
144,800
——
Co._
54,455
1,563,090
•2,613,344
28,450
.
mortgage
tCapital stock of Brunswick Pulp & Paper
plant and equipment (cost)—
3,491,000
275,706
Prepaid insurance, taxes, etc.—-———
Refunds of Federal excess profits taxes (est.)-.
Minas Basin Pu1? and
Power * Co? Ltd.". 5 '/2 Vc
**Land,
1944
$2,378,209
;
73,491
50,418
1,520,000
1,520,000
11,565,560
,
9,851,277
1
\ :
.
1
—,
f Curb
«'
?■»
1 v
1
■.
«•
J'..
■■
'
1
•-
A
.4'"
Total
.J,
$25,976,085 $22,362,231
?
[Volume 163
Number 4473
LIABILITIES—
Accounts
;
.V-•
-*
payable——
r<—
Dividends
and State taxes on
73,500
63,503
58,318
V 63>503
1,430,145
shares-.
1 on pfd.
Feb.
payable
Reserve for Federal
income
^Common
COMPANY—Company
addition
In
>
4 Total
-.-**—-
——$25,976,085 $22,362,287
-
tRepresented
by 15,200 shares, or 50% of the total outstanding (at cost),
tstated
Value'of 29,780 no par shares. §Stated value of 30,000 shares of no
par value.
Represented by 804,795.98 shares in 1945 and 667,955.98
Shares in 1944.
*♦ After reserves for depreciation of $11,183,519 in 1945
and $9,680,993 in 1944.—V. 163, p, 660.
.CAPITAL
,
total
the
reclassified
resulted
gons,
'
'--»•> '*r
*
Water
-*.
,f'
<•
}
\ */
^
1
f
authorized'program,, Scranton will Issue 1,000,000 shares
stock, which are to be distributed as follows:
(1) 13.5 shares in exchange for each of the 39,539 shares of Scranton's $6 preferred stock held by the public and each of 779 of the
®79 shares held by Pennsylvania.
' --'J
V/
(2). 11.995695 shares in exchange for each of the 12,075. shares of
JScranton's $5 preferred stock outstanding.
*
(3> The remaining 310,862 shares in exchange for Federal's hold¬
ings, consisting of 16,233 shares of $6 preferred, including 200 to be
Obtained from Pennsylvania;
all of Scran ton's outstanding common
common
.
.
also
$12,500
l945-_-*«^*I**-;»a-:*i*-. " $1,355,630
1944J—1,266,040
1945
1946
-
♦Does not
{
Seiberling Rubber Co,
for
the
stock
and
Increase
Operating
476,632
latter issue.
outstanding,
14,756
basis
Shawfnigan
does
not
represent
'Yb'
'
,
by
$2,790,915
of
22,582
21,654
23,200
15,840
97,160
13,783
172,599
168,027
$77,367
$56,380
$700,173
501
658
7,988
&
surtax__
275,500
$77,868
$57,038
$708,161
116,346
7,745 '
,.
$70,122
$48,775
stock
—
stock
317,217
*
v
-'i-.T
the
board
capacity of engineering
period of five years.
Mr.
•"<
is
required by
Webster
of
shares
the
of
operations
additional
use
in the
,
"
■
of
who is President.
The new
corporation has already started production in its East
Coast manufacturing facilities, and volume production will make houses
available
.
f
T
at
the
rate
of
200 per month
accordingto Mr, Deskey's statement.
"Present
plans
to
expand
.
the number
before
'>
of
.
the
-
-<•
of
end
.
factories
the
•
year,
-»
identified
with
the program will enable the company to produce at the rate of
than 26,000 houses annually during 1947," he stated.
•These new houses, according to Deskey, will be practical,
Clifford, all other officials and
person¬
Income
from
shares
stock
a
sold
years.
i
,
stock
par).
t$25
par)
stock
$12.50),
1945,
Dec.,
(par
total
356,814
to
be
outstanding
thereafter.
:• -
,
....
'
!;{.'■
Ltd.—Earnings for' 1945—
3rdQuar.
t
42,743
-
2ndQuar.
1stQuar.
43,025-
54,685
35,284
$153,011
$182,679
4.33
4.24
4.48
3.&U
24,608
' *5,234
798,261
19,074
,,
830,691
^
$214;040
•
-
<3.0u
46,844
804,153
773,762
'
-
(L91
\>
>
t
'
'
■
Business consists of the
manufacture, assembly and sale of "'ma- ;
chinery for mines, quarries, gravel plants and contractors.
Its com¬
plete line includes gyratory breakers and
jaw breakers, secondary
crushers, roll crushers, vibrating screens, rotary screens, i washing
screens, super-scrubbers, log-washers, sand classifiers, elevators, • con-
in
offered
have
the
for
to
19,950 shares of stock
$6,600,194
(par $10)
and 50 shares
are
treasury... "'The remaining 10,000' shares are now "heing
After this
financing, therefore, the company, will
sale.
authorized
and
issued
30,000
shares
of
stock,
of
which
outstanding.
81,863
$7,092,947
$12.50)
4thQuar,
*
tools
and
29,950
"j-,:/,
are
estimated at $167,500.
Company intendt^to
for use in its plant, to make certain
to its working capital.
;
-
equipment
$6,518,332
49,683
Directors'
other
remuneration
plant changes and to add
INCOME ACCOUNT YEARS ENDED SEPTEMBER 30
Cost Of
-
'
'
Contribution
on
retired,
11)340
for
Equipment
of
bldgs.
59.400
46,800
Other
100,000
100,000
75,000
Provision for taxes on
186,450
operatin^profit
703,350
.832,345
com¬
Profit for
5,332,000
earned
Reserves
no
^
:.
'V- *7'
1
-
'i'""1
year
Previous
k
~
rt\
»
Total surplus
Preferred
dividends
;
((,105,000
paid*
J
J
*
,
;
"■
I'mji
$
229,725
33.3,955
$
9,520
——
$
...—*«
62,332
$
63,717
2^6,419
16,842
income—'181,500 "1$6,487 '
(par $100 each) have
1946, at no and dividends.
Trust Co., Montreal or
169,121
$
,'1(0,456
$3,843,746
-
6^
for
will be
'
cumulative preference
redemption on l!(ay 8,
made
at
the
Montreal
'1'
•
It
South
1,293,750
742,524. $2,341,224
called
Payment
is stated that part of i the funds for the above
purpose will be
obtained through the sale of an issue of 160,000 shares
of:new, $40
par value $2 preference stock at par.—V, 161. p. 1028.
' *'
:
2,823,082
1,631,250
shares of
been
Toronto, Canada.
$1,020,663
$3,972,474
71,703 outstanding
stock
'3,672,000
n.fiii.:
$4,472,234
1,729,709
—
^
;•
.*i*_**_*i*^*
'
$1,425,858 " $1,422,47a
2,341,224
2,549,995
705,152
surplus
longer required
' Tt•
•200,000
—'..Vcir'--
pfts. taxes—**
.
237,755
Cr6,076
(Howard) Smith Paper Mills, Ltd.—Calls 6% Stock—
-
All "of the
values
'
$
*——.4-.—****
deductions—net
Net profit
225,000
720,169
ex.
1,067,224
307,244
operating expenses—.*22—**,
and
^—
.
$1,657,590
1,147.078
314,443
180,200
-Total
Troy, against future deprec. in in-'
ventory
$1,684,048
1,249,144
561,245
written off
deprec.
secur.
Prov.
;.
12,340
503,928
$156,245
Profit
1942
sold——**—
15,095
to
Employees' Savings.
Sharing Fund
Provision for pensions
Proportion of underwriting and re¬
funding expense and of premium
and
goods
1944
$1,801,344'
._*_—*
439,022
bonds
on
Net sales
than
salaries
Interest'
$2,549,995
Penii' Oil Co.—To Consider
Stock
Split-Up—^-
■
j
Balance
hsu>'
$2
;.n
The
will ask its stockholders to express in advance their
desirability of splitting up the company's stock, probably
on
a
two-for-one basis.
Normally, the board of directors reaches a
decision on whether a company's stock is to be split.
;
views
Refund,^jportion of; ex,.rI>rofitS,t|ax**^^pQ,00^'^:|!,^62,3t5(i;[.. t.743,125
Total
surplus
♦After
eration for
and
cers
before
——^*-.**.*';;$4,942,5^.$3,703,574;^' $3,293,life
fees of
salaried
charging
solicitors and counsel
directors, and
depreciation of
remun¬
and salaries of executive offi¬
after
providing
for
bad
debts
"
•
CONSOLIDATED
BALANCE
•'
SHEET AS
AT
JAN.
by
$12.50
The
but
,.
'
the
and,
r
stockholders
Some
split
building
and
equipment.
•' tThis
amount includes the
companies' contributions of $35,258 in respect
of the reserves of $705,152 credited to earned
surplus.
1
company
on
-
/ '
;
deducting all-selling and 'general expenses-Including
a
reduqing
share,
'
directors
for
have indicated their desire for a two-for-6ne
the par value of the - present. shares from $25 ' to
that
desire
purpose,
to
find
will ask
t
out
how prevalent this sentiment is
stockholders in the proxy statement
for the annual meeting, to be mailed soon, to indicate their
wishes.,
If the holders of a majority of shares indicate
they would favor a
split-up, the directors contemplate calling a special meeting to vote on
proposal to split-up the shares.—V. 162, p. 1029.
:
'
'
2, 1946
ASSETS—Inventories, $9,825,181; trade accounts receivable (after
making provision. for bad and doubtful accounts), $4,909,398; pay¬
7
Southeastern Greyhound Lines—40-Cent Dividend—
ments in advance of receipt of materials and
goods in transit. $516,071; Dominion of Canada bonds (market value
$1,298,486),, $1,283,- * I (The-directors have declared a regular dividend of 40' cents per
625; cash on hand and in banks, $1,198,533; refundable
portion! of '.it iShare on the common stock, par $5, payable June 1 to holders of
excess profits tax, $2,200,000; employees' stock
record May 15.
purchase plan ^atieost),
A similar distribution was made on March 1, this
$1,066,889; prepaid charges on account, of future business, $868,186;
-year, while in each quarter during 1945 a payment of 35 cents was
underwriting and refunding expense and premium on securities re¬
made.
An extra of 10 cents was also paid on Jan.
7, 1946.—V. 163,
tired, less amounts written off, $2,486,048; land, buildings and equipp. 112.
r
.
...
'''■•y r\,':
.
■vy.
series
preferred
1945
-
five
common
in
-23/4%
($12.50
3.92
held
Jan. 5, '44
$7,043,265
(par
,
PURPOSE-r-Proceeds
Jan. 3, '45
$8,391,892
21,497
company
'
stock
'■
milled
purchase
Jan. 2, '46
-
will deliver the new houses from key combination
J manufacturing and distribution centers throughout the country, it
was
stated by John Sculley, Jr., partner of Jackson, Nash, Brophy,
.'■? Barringer and Brooks, New York law firm, who is Chairman of the
board of the new company.
Mr. Sculley announced that in addition
to Mr. Deskey, the members of the board of directors are: Earl Mc;? Clintock, Chairman of Sterling Products International Inc.; Huason
T. Winner, President of Winner Manufacturing Co., Inc.;'Cornelius
J. Reid, President of C. J. Reid & Co.; Ralph G. Gulley, Architect/ Partner of Donald Deskey Associates; Richard L. McClenahan, Manage.ment Partner of Donald Deskey Associates; Gordon E. Hyde, President
cf Federal Advertising Agency, Inc.; Richard M, Bennett, Chairman
of Department of Architecture, Yale University; and Alfred Auerbach,
Senior
Partner, Alfred Auerback Associates, marketing
consultants.
"Since the end of the war," Mr. Deskey stated, "problems of factory
mass production
of the houses have been Ironed out In the plant of
V the Winner Manufacturing Co., Trenton, N. J., where'models have
been In production for several months."
A Shelter Industries prototype house was initially developed in 1940
v
©nd erected near, Providence, R. I., sphere it has been thoroughly
tested under continuous "normal living conditions" for a
period of
The
bonds,
cumulative
common
947.
became entitled
that
investments
Prov. for inc. &
fortable, low-cost, expandable living units—complete even down to such
Items as gas or electric kitchen ranges, cabinets, refrigerators, lighting
fixtures, circulating warm air system, hot water heater, springs and
mattresses,
and
complete plumbing
and
wiring
equipment.
"The
quoted prices," Mr. Deskey stated, "include all erection and foundation
costs and exclude only the cost of developed land."
such
CAPITALIZATION—Prior to the amendment of the articles p£- in¬
corporation which became effective Jan. 2, 1946, the
company's, cap¬
italization consisted of 2,000 shares of
capital stock (par $100) of
which 1,995 shares were held
by stockholders and 5 shares were ,held
in the treasury.
The amendment provides for 30,000 shares of stock
(par $10).
The stockholders who held the 1,995 shares
(par $100)
and production consultant fop a minimum
„'
'
I
the present backlog or orders for the
stated
Fiscal Year Ending—
from
operations
more
'
by
■■
portable gravel and quarry plants, the latter
being sold to counties* and
other governmental
agencies, as well as to contractors.
,/>
:
No changes in the policies of the company
"Profits
■
Donald Deskey, industrial and architectural designer,
■
-.yeypts^ feeders,, bin; : gates, -and several ' types, "of- semi-portable. i»and
,
'
(N.Y.)—Plans To Build 26,000
design, manufacture and distribute
completely equipped factory fabricated houses at erected prices to the
owner
ranging from $4,997 to $5,891 was announced on Feb. 27 by
■.
-
the manu¬
$8,413,390
Formation of this corporation to
trust
3.90%
common
shares of
.
>
income
gross
4.50
Simpsons, Ltd. (& Subs.)—Earnings^-,
All
trust
—
and
118,938 shares of old
additional
common
163,. p.
will be
Shelter Industries, Inc.
regulatory commis¬
a
COMPANY—Company was incorporated in Wisconsin Nov;' 3/' 1906.
The business now conducted was
originally conducted as a partnership
j known as Smith and Post.
The present company was
incorporated, .on
Nov. 3, 1906, as Smith and Post
Co., and in Sept., 1913, the name
was
changed to Smith Engineering, Works.
* •"
.
Calls 4% Bonds—
Homes Annually
$66^154
Engineering Co., Milwaukee, Wis.—Stock Offered—The Milwaukee Co.,
early iix February,; -offered
10,000 shares of capital stock (par $10) at $19 per share,
combined companies exceeds $3,000,000.
Postwar conversion has been,
completed in all divisions, including Standard's plants in Dayton, Ohio.
—V. 162, p. 174.
of the outstanding 4%
25-year first mortgage and collateral
sinking fund bonds, series F, due April 1, 1961, have been called
redemption on April 15 next, at 102 and interest.
Payment will
be made at the Royal Bank of Canada, in Montreal or Toronto, Can*
ftda.—V* 163, P, 1034.
:'
Crl,287
Smith
210,000
contemplated. Walter Clifford, founder of the company and former
President, will continue his active association with the company in the
lor
118,938
"Deficit.—V. 162, p. 3119.
are
.Were payable in New York.*
Cr4,357
$192,547
107,047
•!
Since 1926 the Clifford company has.been engaged-in
facture of thermostatic instruments and metallic bellows for
nel will remain unchanged.
Through these
refunding operations Shawinigan not only has
brought about substantial reductions in its interest requirements, but
y*lso has effected repatriation of $27,925,000 of bonds which; previously
385,085
37,357
**_—**.—:—**
$553,079
317,217
8,262
.
$660,127
$591,815
210,000
'
"
Net
on common
7,843
-
:
-
and Chairman of
Jan. 1, 1945,
"
37,oo7
Recovery per ton
Oper. cost per ton
Operating, profit*
1*
Nercurrent assets*—_
$652,283
:
With the'exception of the appointment of Mr. Webster as President
curities Corp., Ltd., and associates.- The offering brought
to $65,753,000 the amount of bonds refunded by the com¬
4 512
,
368,207
■
connection
Income
:
temperature control field.
That company also has
been producing
aluminum aircraft radiators, oil coolers and heat .exchangers under
Special patented1 deseign, enabling the aircraft industry...to secure?: a
highly efficient cooling medium with substantial ■'Savings' in weight.
fund bonds 3% series L duOJMar. 1, 1961, at 101^4, was
made recently in the Canadian market by Dominion Se¬
deductions"
earnings from
the
Tons
Webster, President and Chairman of Standard Aircraft Prod¬
ucts, Inc., 'announces the purchase and acquisition
of the Clifford
Manufacturing. Co. of Boston, Mass., for a price said to be in the
neighborhood of .$1,256,000,
1
Offeredr-
"other
Sladen Malartic Mines
Standard Aircraft Products, Inc.—rAcquisition-^
offered in exchange for
Co.—Bonds
Power
&
' rl6,250
4 650
opinion of the company, in which tneir
independent
concur,
the amount of taxes chargeable to operations
be reduced
by these special items and to do so
Results in
net
and
shares
—V.
R. N.
See also V, 163* p. 1290.
-
*
115,110
13,563
taxes
163, p. 694.<
Water
not
this
253,149
35,600
264,529
291,300
360,000
,
13,985
*-'-'-v'.^.''
174,622
27
held.
(net)—
exp.
J
v^Cu*Jeen c^^n8ed to 237,876
with
1,068,645
202,400
Recapitalization Plan Ap¬
29,512 shares are
341,722
and
prem.
the
v/hich
$2,707,339
1,062,753
134,230
$l,4S5;072
AAA
1946—12 Mos.—1945
16,665
income
Dividend preferred
shaies of no par $2.50 convertible preference
two shares of- new prior preferred stock for
debt—
debt
$8,000,000 ,first
mortgage and collateral
due
1975, and issued 38,000 shares of
Earnings-
92,108
;
—
137,218'
—$1,438,638
NOT&i-In Dec., 1945, the
company refinanced $9,000,000 first.mortio8A6AA
and 47>954 shares of 1% preferred stock and-issued
In
$239,632
;
$1,330,843
'
the
11,347
135,834
.
,•
93,826
2^0 497
141,7u9
amounts.
1 "■"*$[
,,
financing
any
1946—Month—1945
revenues
Fed. normal
Offering of $12,828,000 1st mtge. collateral trust sinking
pany since
s
482;047
resulting from loss on sale of railway
subsidiary company. The classification of these special
a
in
overstating
.
$254,286
approved a- plan of recapitalization
Which provided that common stock be changed from no par shares
(stated value $1 per share) to $1 par value shares on a share for
ehare basis, that the authorized $100 par class A preferred stock: be
reduced from 35,255 shares to 18,792 shares, the amount now out-.
Standing, and for the creation of a new Issue of 35,000 authorized
shares of $100 par value non-convertible cumulative prior preferred
the
y
and
should
431,145
General
$95,061,144 $69,901,333 $25,159,811
-Dividends
Feb.
each old preference share
-
100,000
69,100
Sierra Pacific Power Co.
*
•
222,800
-v
Period End. Jan. 31—
proved—
•
sion
PURPOSE—This offering ' Is feeing tnade for certain individual stock-;
holders for the express purpose of
creating: a local over-the-counter
market
by
accountants
'
141,995
"
Id
$677,073
under
510,840
$6-
on
cnarges
477,079
'
1,467,276
'
the^reduction of such taxes
property
100,000
Operation
The stockholders
to
Profit
$539,230
,
$3,848,493
$1,301,420
*
disct.,
-
.
"No excess profits tax
payable. tThe special charge,in the 12 months
period ended Jan. 31>
1946, is equivalent to the estimated reduction in
consolidated Federal* taxes on
income resulting
from deductions: of
costs applicable to
refinancing of bonds and that in 1945 is equivalent
$150"000
,
„y,:;
.
•
utility pit. acquisition adjustmehts—
charges to construction—*»—_*.*
605,200
^
,».-.'i.
excess
2.4.4U0
of
332,543
v'
.
snures,
821.
1
Net income
include undistributed earnings of Erie
Dry Goods Co,
\
\
•
-
•
—
unfunded
500,245
1:
-
•<
.
long-term
debt
on
Interest
,
$816,400
*
..
tSpecial charges
Amort,
,»Nefc
v
Maintenance,
—
;
on
909,622
,799,432
1943__.__„.*-____—
1942-..-^
1941,—
5
depreciation
than
Gross income
Interest
snaires,
of
lvz,o4/
—*—
Amort, of
preferred
(& Subs.)—Earning^—
i» 4j r',
1^45"
Federal Income taxes
*.;__*•
estimated Federal income taxes
for
Interest
5,000,000
•
«'■•
pensions
l,o28,149
for
out-'
Postwar
Co.
new
shares
Outstanding
$1,125,000
47,500
Conting.
vo
$4,oli,034
earnings
Other income (net)
.
*
on
the
"
*
—-*-*»***._.__*.*_*
\X :''*}/
War and
v
Of the
of
These
Taxes
Profits
stock
the
shares
625
committee.
-
ac-
i3o0,000(
p.
;--*-.
Net
follows:
directors
on
of
Federal
1202.
common
Stock
as
■
have''declared a dividend of 5 cents per share on
Fed., excess profits tax
and the. usual quarterly dividends of $1.50 per
Retire, reserve accruals
series cumulative preferred stock and $1.75 per
Chare
on
the $7
series
cumulative
preferred stock,
all payable %
Utility operating inc.
^prU 1 to holders v of record March 15. .
/
'
T
Other, income (net)*-**;
Payments on the common stock last year were as follows: April
2, Oct. l and Dec. 31, cash dividends of 5 cents each; and June
Gfoss income'
30,
one
share of International Utilities
Corp. common stock for
Income deductions-——
each 10 shares of Securities Corporation General held.—V. 162, p. 3118.
the
sale
executive
"Prov.
i
per
were
Year End. Jan. 31—
<
-
Stock.
the
Provision
with
stock
deposit
portion
163,
revenues
Taxes other
one
'
$56,744,708.—V.
'-r'; ■'
v? :-•'• '
Operation
The exchanges
common
total,
redeemable
and class B
refundable
12 Months Ended Jan. 31—
Maintenance
EARNINGS-r-Earnings of the company and Rochester. Sales; Corp.,
wholly owned subsidiary, exclusive of undistributed earnings of
Erie Dry Goods Co.,
Securities Corporation General.—-Dividends.—
The
of
($20
new
and
$2,200,000;
Sioux City Gas & Electric
;'
Operating
following
common
^
the
approved
members
common.
new
new
$56
•'
Cumulative
oaa
tax,
stock
****__-*_l*-.-*-..
Share
;
The
Its
Sears, Roebuck & Cq.—February Sales Up 36%—
the
of
company.
Month of February—
•
to
of
shares of
the
on
shares
three shares
for
shares
new
6% mtge. bonds, non-callable, due Jan. 1, 1961—*
Mortgage payable, due July 28, 1951
.'***!.
Capital. stock, par $20
(authorized, 35,000 shs.,
standing, 250,000 shs.)
plan.—V.. 163, p. 946.
p-V. 163, p.
for
$7,000,000.
,
„
Sales
stock
at
'
•
.
and indebtedness of Scranton in the amount of $1,446,502.
Scranton will sell $23,500,000 of 30-year first mortgage bonds and
$10,000,000 of cumulative preferred stock, provided the annual interest
charges and preferred dividend requirements shall not aggregate more
than $1,130,000, and with the proceeds and other funds, it will retire
Its outstanding mortgage bonds.
:
Federal has agreed to purchase at $13,685 for a period of 15 days,
Which are to be designated later, shares of the new common stock of
Scranton -from persons receiving;; them in exchange. ; If this offer Is
Hot made, Federal may not receive the 310,862 new common shares
proposed to be allocated to it.
Complying with a request of Scranton, Pennsylvania and Federal, the
Commission said it will apply to the Federal District Court for an
order to enforce and carry out the terms
and provisions of the
SJ5S' \
pi of its
4Vi'/c
classJA (360,000) shares
e.ao
surplus, $2,742,524;
'
share), thus increasing the outstanding
:; capital stock at Jan. 31, 1945, to 250,000 shares,
The capitalization as of Jan. 31, 1945, was as follows:
Stock
V
7%
of 249,375
$4,987,500.
.
of
remained
for the
preferred for
stockholders
sold
were
.
amended
exchanged
issuance
value
common
the company
.
' f'
Under .the
'(no par)
The
of
common
the
in
stated
a
of
total,
customers'
pajao.e
®1>200,000;
4
previously authorized and the shares held
eliminated and the remaining outstanding shares
and
share
one
share of old
Service Co., both subsidiaries of the
Federal Water and Gas Corp. was approved March 8 by the SEC,
which found the provisions ''fair and equitable" to all affected perPennsylvania
>
stock
of
treasury were
basis:
.
capital
shares
unissued
in
Scranton-Spring Brook Water Service. Co.—SEC Ac¬
cepts Plan—
' ' ^
'
An amended plan for recapitalization of the company and liquida¬
the
>•
$32,390,775;
■
■
including
accrued bond
interest, $167,629; firsu mortgage 3lb%
bonds, $12,500,000; reserve for depreciation ox
baiiu..igs and
$11,691,541; reserve against future depreo.at.on in mven-
retail
CHANGES-i-In
authorized
were
of
»-
values,
-V;>'
payable,
equipment,
known-
was
January, ' 1945, pursuant
to
the: plan
approved by the company's stockholders, the capitalization of the com¬
pany was changed to 350,000 shares of common stock (par $20); the
»
tion
^
1868, and
operation in Rochester, the company also
a controlling interest in the Erie Dry Goods
Co., located in Erie,
This company operates the leading department store in
that city.-
Pa.
$69,549 in 1945 and $62,094 in 1944.
♦After reserves of
the
t.o
30,
'.■/
$100 000;
serial
March
reproductive
f5'JJ5.374; accrued interest, wages, rent, etc.; 4.65l,0oo; acorued
$3,709,014;
contribution
payable
to
employees'
savings
and
sharing
lund,
$156,245;
contribution
taxes,
prolit
trust,
founded
originally as the Boston Store.
6,343~195
owns
'
at $35 per share." The offering,
fide residents of the State of New
was
depreciated
LIABILITIES—Accounts
York, was oversubscribed.
6,577,596
at
744,708.
3,000,000
stock (no par) -iX.-—
——
v
8,727,596
Raid-in surplus —.**—***v*i—3-350,000
Earned surplus i-i—-~
—---3,064,182
(par $20)
made solely to bona
3,030,115
3,000,000
stock
mon
1,720,398
3,030,115
$$4.50 cum. pfd. stock (no par)———
|$4 cum. pfd. stock (no par)—^————
ment
mon
186,824
148,604
28,450 r;1;- 30,010
wages,
1481
Sibley, Lindsay & Curr Co., Rochester, N. Y.—Com¬
Stock Offering — George D. B.
Bonbright & Co.,
Rochester, N. Y., recently offered 11,000 shares of com¬
$1,337,146
—
salaries and capital stock taxes
Employees' deposits for purch, of U.S. sa"V,bds.*
Miscellaneous operating reserves **-*-+**-**.7.
Accrued
THE COMMERCIAL & FINANCIAL CHRONICLE
:■
THE COMMERCIAL & FINANCIAL CHRONICLE
1482
Monday, March 18, 1946
'
Southern Colorado Power
Co.—Weekly Output—
;
/
Electric
output of this company for the week ended March 9, 1946,
totaled
2,083,000 kWb.,
as
compared with 2,024,000 kwh. for the
corresponding week last year, an increase of 2.9%.—V. 163, p. 1290.
the
Month of January—
Total
• <
'■
-
Net
operatihg
railway
income
Total
"_
Interest
50,931
60,866
notes——
i,74i,900
1,935,530
—.—
24,040
•
...>*,*!
i
S.
-.V,
'•
18,121
.y.
.
$2,975,081
$2,486,791
46,057
>• 170,826
Crl74,805
i
Crl79,922
"
controlled affil. cos
fConsoUdated adjustment
V
•
;
•
,
''
'J',
pi
(J-
r
'ir*\
J, J-*
''
>
HebftioB,.
' w
« |-J i.-tf
tain
v,
I
'A Ij." I'
V.'
,
credited
solely controlled affiliated companies not
F. Transportation system.—V. 163, p. 1202.
of
boiids
Incothe of S.
$2,837,539
tRepresenting Interest oh cer¬
'♦Excluding S. f. RR. CP. 6f MeXlcO.
"
i''
.
/ V* {
*
<
•
no
"j
:
Sfed ApjpiroveS
The
of
Securities
Company
interest
'K'
'VVtf'.i*'
to
'*
r
■
United
;y V
of
\
,
of treasury
cash,
will
&
Gas
Electric
Power
Eiecttid
Co.,
(Dei.),
Cb.,
Califbrhia
Wisconsin
Public
LouiSVille Gas
&
Co.;
Power
Reserve
.
Operating
1946-*Mohth—1945
1046^12 Mos.---1945
$828,023 -• $892,219 $10,366,926 - $9,969,916
3.833,794
328,622 > 4,061,511
318.184
518^27
49,761
583,486
• > 45,197
revenues
Operating
expenseM^i
Maintenance.:
than in¬
62,817
67,967
377,551
%1,409
63,472
397;
66,780
791,173
853,604
408
4,384
Operating income
$337,956
$4,148,417
4,502
$337,986
$380,620
$4,143,915
2,665,056
2,558,527
Amdrtiz,
Net
Other
income
Gross
——
income
Income
4,868
'
Mountain
Div.
—
T Y"T
■
$1,709,478
>;>>,•/'.>>5
.
;
.•
;>V;
$1,329,505
"CV"'•.
v
RGpdrt—
Spencer Kellogg & Soils, Inc.—Annual
Sept. 1, '45 Sept. 2, '44 Aug. 28, '"43
$73,363,081 $93,745,793 $70,047,313
82,754
610,962
1,120,894
Years Ended—
Net sales
division
Marine
revenues..
__—
Total
$73,445,835 $94,356,755
68,808,155 85,191,3i9
.....
Cost of sales and expenses.
Gross,
profit
$71,168,207
$9,165,436
$7,093,112
$4,637,680
——
■
■X
Tctal
income
Provision
-for
ision
Interest
contingencies
♦Cost
Add'l.
tax
——
$7,166,827
30,000
400,000
400,000
Balance, surplus
shares
outstanding.
Ret
of U.
4,409,258
r
i
'mi
i-
■■
$1,493,653
BAtANCfi
$2.93
Sept. I,'45 Sept. 2, f44
♦Plant and property————
trnited States savings bonds—.—
of
187,440
701,566
profits tax
excess
$10'iwnnn
'S22?
936,864
—
...
Post-war refunds
Inventories
;
.——
,3»760,858
^,400,000
S.
stock
Cash—Demand
U.
8.
taxes
-
Refundable
Accrued interest payable—.
Earned, surplus X——
274,909
>
1,574,731
i
7,257,627
Reserve
1944.
Gardner,
Hunsaker
new
is
a
director
Under-Secretary of the Treasury.,,
of
.
Sperry
and
Gyroscope
Wheeler
Co.,
—V
y
the
Ford
Inc.,
Wire
Insulated
Instrument Co.,
Co.—V.
162.
p.
Inc.,
Vkkers,
3200.x./-
1046
$1,357,804
s
Gross from
Net
from
railway
188,782
e37r69l
railway—:—.
Net ry. oper. income—
♦Deficit,—V.
163,
p.
•
822.
■
1945
$2,197,944
728,018
332,908
~:i
936,926
161, p.
capital
$1,199,693
___
expenses
Fed.
^
576,131
•
shares
••
243,747
Cr824,729
tax.
'
rev.__
(net)—
-
n't'l'
.1
.!
income
194^-1$ Mds.—1944
>
>
> 83,665
3.654,588
;
$1,699,468
454,393
"
;
71,144
^/
43,334
f: '830,011
912,879
83,334
750,009
n-mw.i-1-.a
■mi
$387,535
'i — -
■
serial
notes
debt
on
4,206
»
;
169,494 :
-
'48,986
$5,866,590
140,542"
1,010,199
disc;
of
expense___i
-VM.t..
$3,502,083
«
$392,268
v>:41,250'
■■■
a6m
■
t
I.
,
$3,551,069
1,686,500
33,845
8,63$ ' i,927,02$
10,148
••
TO.tetf
- -
153,188
3,587
.
TL399
Qr3,919
Cr4,787
a."
Ret income «&•&&&
income: l^iaks.
-Net
masMHA
126,905
99,473
Cr4,337
Cr6,667
,w"
f$85l,874
$231,611 -f$2,572,103
Dividends applicable to
pref. stock for
period
375,678
Raiahce
jL
„
U Jli
^$1,689,011;
375,678
* :
$2,196,425
mm I
$1,314,133
♦Extraordinary noh-recurring tax benefits from
$articip$tl6ft with
parent in consolidated
and from
regard
to
Pederal
income
and
refinancing by the company." tNet
the net effect
tax benefits and Of
a
thereon
of
the
excess
profits tax returns
income computed without
extraordinary
non-recurrfng
special charge in
amortization of debt discount
and expense in
connection with
refinancing by the company, ($167,411 for month and
$1,955,031 for 12 months of-such tax
benefits'ha v-
ing been offset by the
special amortization
charge)
December and
$1,914,785 for the 12 months ended
'
V
1R"?
r>
oat
v
was
$194,557 for
Dec.
31,
1945".—»
>>>
kew
texas &
January—
;
Gross
froth
Net from
$342,036
1,851,963
•b
—V.
Orleans KR.—.Earnings
_
railway.—
railway
rT«^r'
iOj^-P^
9224
3,142,765
1046
1945
1844.
■>:
3,038,016
1,117,820
/•„
„
"
1943
89,993,741
4,072,162 -5,712 809
1,428,471
•
y
$8,837,665 $10,546,501 $11,538,285
5,112,516
2,367,586
1,537,700
■-
1138.
■
3^Aeifi8
Efofti Cipefation
Mohth Of JahuarV—
Operating* revenues
Operating expenses
.
3,092,397
ItvMs
i.
—
$6 984 074
3,131,784
——-————
,.
$9,442,410
$8,539,840
t»>
tekaS #
350,000
1,466,990
1,964,433
--
Railway tax
.
934
accruals
430,042"
867
2,239 8
•
..
/v.: RailV'aj^ operating
J
$956,422 ' V$972,067
150,992 .>' 205,486
13,410
12,214,
iheom§_^_Jl*>_lJ'--l^-r-
bond will be imid'on t:
1946/"tO registered holders of the. 6secured income
bonds, / Joint facility rentals (net
1ISC^v=
or)—-1950". due April l, 1S50. of record at the
close of business
on March 15, 1946,—V.
163, p. 695.
Rfei: railtay
/"• //
«peratin$
V
'•*
/>' "
■/: >
Other incomeV
Sterchi Eros.
r.f
of
series
"■
'
Reriod Efid. Reb.
>
Net
i046->M<mth—i945
sales—»—$832,632
v.
"—V. i«j,
163,
p.
p.
822.
•..•>>•.>'•
>/((>.?
614,008
/"
$789,614
$1,558,622
7.
$788,112
>. :■>?'V'-V-'-""
,•
:y [ Tbtal incotne^ —
MiscCllanecus. reductions
.
/
'
>
Ret inoofh#
—V.
163r
$600,063
822.
>..
.,$754,367
68,982
.
"
>■>
*
•' :
$823,049
;> .6,144
6,670;
034,196
.
In Earle Wicklum has resigned
as President • of Pfedericfe
Stearns
it Co. of Ganada, Ltd.,
Windsor; Ont.,' it was announced here by Dr.
"
60,905
3r,'j-'
$848,910
Fixed.;
>;"•.>™
Sterling Drug Inc.^-Pres. of Unit
Resigns— '
' ' >
r;
—
1946—2 Mos.—1945
$409,335
•?//••>
h).
Sales
,
?
281,250
$830,055
,
(A. E.)
Staley Mfg. Co.-^Transfer Agent—
of thO City of New York has been ap¬
transfer agent of the cumulative preference stock, no par.
The Guaranty Trust Co.
for
a
J.
Ghase National Bank
The
pointed
new
series.
issue
See V.
of New York has been appointed registrar
50,000 shares of cumulative preference stock,
163, p. 1202.
•
.of
$3.75
i;
Standard Cap & Seal Cdrp.—Partial
0* corporation"has
change
p.
that
it
would
March 13
call, Iby lot alter
Redemption-
on
the
,"f Snip" "<
3120.
,
•*
1
Riebert, Sterling Vice-President-aftd General
Manage# 0! the
company's Frederick Stearns & CO. division,"
Ralph Rendferrecently joined the division's executive staff in
Detroit is
temporarily supervising the Windsor plant of the
Canadian.-,com¬
pany - as assistant to Pr, Hiebcrt.
Mr. Wicklurri has
purchased and
Will manage his own food
distributing company in Windsor.
Mr. Henderson wis factory manager of
Frederick Stearhs & Go.,
Ltd., from 1933 to 1939, and from 1940 to 1944 was
Viee-PrebidOnt in
charge of plant operations for Stearns in Detroit.* He
rejoined Stearns
Mark
parent
son
who
2£g£&"*£\S?<?'> 'R
Mr, .Wicklum became President and
~ "•
Managing iDrtettof
ol the Cada-
^
1,000,000,
--r.-ar i
$5,828,273
88,326
4,733
$1,084,772
bonds..
April 1,
$1,810,691
901,744
31,419
2,486,655
Cr2,612,348
$1,083,621
>>'/ 1,151
'
mtge.
$o:is
'
'
$9,442,410
1,466,990
—
_..v
Ihc.,
1943
•;•>
/• -
■■
]'•
'
^
"ilfal
•
•
■
$1,198,707 $14,836,236 $13,773,176
-673,029 > 6^302,844 ' 5,042,527 >•
" "
77,589
re-.<
•
.
$0.12
•
1
■
1—
$796,263
373,690
Stores, .Inc.—February
;
$892,548
^
taxes
"
109,064
r,.
-V
.-540,926
$578,256
639,915
V
■
26,918
—.
\X\X-x.'
1044
'.I-
;
,
'
344,140
.
■'
Prov. for amort, of utl.
;
$287,155
M. tm
4,607,144
plantr ncquisit, a'djts.'"
Other Inter, and deduc.
Interest ehgd. to const,
1,083,166
426,872
.wu:.—...!.
mi
on
revenues
operating
and
j
Sso~©6^
m m-*m
ie iia
^*7,384
96,400
:
391,687
1,964,433
»
share
income
Amortiii.
13,500
>
:
1,328,503'
par)
\
\
—I
appropriations.
Interest
Ti0*,lO3
—_~
no
664,405
$324,704
■}.
■
646,293
expenses__i
•
.
Spokane Portland & Seattle Ry.—Earnings—
January—
accrued
per
Gross
lilt, on
2,543,398
5,564
13,500
82".734
StArreti Cerpf -Interest
Payment
:V;
f
Net
Other
.>
and
,1944
102,920
—
•
-
taxes.
—*
•
,
4,813
—
.
•
other
serve
31, '45 June 30,45
$1,020,409
$1,128,850
2,420,063
2,130,986
41,676
37,096
—
781,158.
$317,170
——■
Mines, Ltd.—dividends—
Property retirement
•
Federal and state taxes
for renegotiation
refund
for contingencies
Total
to'succeed
the
at
payable
Gold
"
SHEET
—
———
inc., excess profits,
and
'
—
cost
profit
6Special deduction
Property and other
profits
excess
—547,953/
2,646,526
—
.
106,060 '
$1,098,337 *( $980,110
vi-——-
162, p. 2063,
Fed.
295,765
receivable
v.»
.'
.
profit
Operating
Operating
ending
year
'
stock (146,699
shares,
Capital surplus:
Operating surplus
Department of Mechanical Aiid Aero¬
Massachusetts Institute of Technology
and Chairman of the National Advisory
Committee for Aeronautics.
He also succeeds Mr. Gardner as a director of tba Sperry subsidiaries,
head
Engineering
the
BALANCE
———-
Common
.
,
of 50.
Mines,
/>/>■/C;h
Texas Electric Settle
ReriOd End. t)ec. 31—
l945^-Mohth^l944
256,723
•„
$8,539,846
Accounts
Reserve
in
..
—V.
$2.10;X^_ $3.51
-f,'
Sperry Corp.—New Director Elected-elected
of
income—
LIABILITIES-^
♦After depreciation : of $8,560,998' in 1945 and: $8,917,496
fRepresented by 611,055 shares (no par) .rr-V* 163, p. 232.
has been
146,699
Total
_____..$33,434,814 $35,348,693
Hunsaker
the' accounts
in
——
3.438,326
Accrued
Total
1;373,300
Crl37,330
—
$307,834 ..>$516,143
X
currency
securities—at
1,676,880
"
year-end
»
:
income
Earnings
of $375,196 charged off.
U. S. exc. profits
(net)
Buildings—cost (net)
Machinery and equipment—cost, (net)
Deferred charges
,—
4.410
20,
\
102,286
^
Land—cost
V
Dec.
«
■
Xu ^Ml,400
iaaaas— aaaj
securities_4w«»~.>..
taxes on
/
Miscellaneous
56,411
sha're
—
Cr65,980
Refundable portion of
820.000
eefity per
duarterly, dlvldehd
H
tfeAfea_-__l_i._—x
Operating
Net
.
659.790
vriu
I,
■
cost
Vi S.
accounts
7,590,504
Reserves
65,200
receivable—customers
3,162,197
274,975
declared
Clark
S.
Inventories
AA.
9,183
X—.
Federal income and ekcess profits "takes—
Max
U.
NOtes—at
on
4,920,000
152,051
——-
.
' 142,400
V
X
CONDENSED
deposits and
Bonds and
2,502,281
.
'of £9
rtgulaf
a
each/ and
Provision-.-for-
Dec.
Accrued interest
^
167,800
$f980,869
yr 87,357
at
this amount ihd,
after adjustment of
applicable taxes, there was a net excess of $5,925. This latter amount*
together with other adjustments of taxes of prior years was- credited
to operating surplus. No further refunds on account of renegotiation
are -expected,
The cbmpahy has elected to terminate at
2.04'^.66
410.00C
1,449,025
4;010,000;
'
cents
Ended.pfec. 31—
Laihaque
-
$i4»700,000 $14,700,000
....—w———
payable
Long-term bank
25
Income from
investments^
General; investments
164,842
government contracts has been completed for the
ending June 30, 1945, and resulted in a gross refund of $509,137.
Miscellaneous
payable
Dr.
,
of
COMPARATIVE
$33,434,814 $35,548,693
Accounts
54,521
"
tax on additional amortization
Accounts
Total
1.
/13,582 x;-*1 21,832
.
r
ASSETS—
—
Oct.
Operating.
$1-969,037
$1,400,201
76,157
280,009
$553,964
—146,699'
$1.13
517,237
,15^42,1 /
LIABILITIES—
O.
•
$1,386,619
amount of $510,923
representing post-war refundable
taxes. These bonds were redeemed Jan.
2,'1946.
2,112,081
4,296,998
XJ. S. ^easury tax notes—
Accounts receivable
Deferred charges
a—*—i-
nautical
134,634
14,266,443
paid
provision made therefor
that date
was in
excess
of
?7S'SI}
«
;•
Jerome
1.3,158,272
/
470,722
452,767
yi6,524'
i-
—_
income
------
—
Cash
Dr.
2,787,971
period and the amount, $375,196, of additional amortization-applicable
to prior years, less the U. S.
taxes, $290,096, which are refundable
on this
account, haS been charged to operating surplus.
At Dec. 31, 1945 the
company held U. S. tax refund bohds ift the
SHEET
4
-RegilUf Dividends^—
pa#"$4* cumulative p#eferr'e<l 6tWk-\oth*pav-
of hfe:
GroSs value 6f bullion
Of amortization of
emergency facilities, the cost of which.'is"$l»262,743.
Amortization has been re-computed on
the basis. of the shortened
509.213
and
2
Pr^ytons
$5V752,873
Sept. 36, 1945 -the period
$627,991
$1,081,533
611,055
$2.49 XvX'X$3.54'v
COMPARATIVE
ASSETS
865,662
L
.__
Renegotiation
5,972,008
,,,
""I"-
IhO,
$690,311
•
pa# Value, and
ffck-Hughes
•includes dcpreciatfon And 'amortization in -the .amount of $136,045
in 1945, $164,271
in 1944 and $116,538 in 1943. tBefore -operating
surplus credits ($15,723) and operating surplus charges ($85,190), the
latter figure after allowing for $290,096, being the refundable portion
The
"
:$599,330:
no
cehti—V. 163, p. 469./ •»
44194$
1944
$537,440
EArnings per eomraon fihSre——i-.
year
$420,868
611,055
—
Common
Dividends
paid to empioyees_w
compen.
Dividends
136,044
Earnings per share—
Accrued
—
.iiif
697,872
$2,160,824
$1,520,767
1,099,899 .1,079,291
;
tCapital
;
Other charges
Est. refund ori fenegotiation_^,__X i
Res, for 11. S. Income taxes——lRes. for U. 6, excess profits tax_i_
Refund, portioft of exc. prfs. tAx—
267,037
"f
i
X'jDr40O. X
Df1,869 r
471,430 '
'
^
July
Total
802,761
3,424,262
«.'i
Cash- dividends
Notes
Um
stock,
..
1,202,469
-i
•'
,,,a; .Trfr-iT-iTt.
76
■
$4,762,191
2,068,426
437,901 :
131,657
_______—-——
Total income
737,934
i
Ftd. excess profits tax (net)..—...
'v-v'-'X'"1"■< I'fc ■■&■?'& vXiXXXX?'
Other assets
sales
of
Other income
209,893
income
Profit
i
50,000
lObTooo
...
paid
Ptu^ial
73,715
it
•,
v
for bad debts.i__.«——_
Pro
•-
•
$9,652,630
$4,992,857
„_i__
64,075,095
487,194
355,177
Otherv income
559,023
X-
5,220
ApriMi td h°lders of record March io.*' An initial distribution of
cents per shAre Was
sftAre
__T i.2
./
paid on ih* preferred stock oh }an.
the
.2, last.
Payments oh the common stock during 1945 were as
follows: April 2,
;
"
379,972
$1,235,463
•»
400
920,360
•
no^
Years
1945
$3,175,423
V. 163, P. 1290.
\'.;w
r.
'10,000
-9,801
inly.Xv.-1^1,' / Yl
the common
on
<fc« S.) Starrett Co.* Inc.—Earnings-
Opefating pfofit
Balance-
To"ooo
liquidation
't.xe.
X
9,506
par)
S^VaOia feleeiric^Products,
'
cumulative preferred stock-
Accrued dividends
in
*sttife
The acquisition of this fleet wifl enable the. Standard OU Co. of NOw
largest supplier of. fuel qn the eastern seaboard,/to-improve
further. Its service.-—V. 160, p. 671.
.,,300,292
$1,478,860
243,397
________
-
-/
.
_
$15,208
■T'"''£906
par)i^i-;i_«:
'
.
»J->»■♦«
-
$690,^11
$2248tf
'.:X*32$
x
''
/
Sell. St gen. exp.
-
i
Jersey,
six Months Ended Dec. 31-
deductions
income
Net
'
•
;•■>:/
,
$4,268,005
;-4
($100
($25
♦-
•
$3,967,713
30
$378,683
1,336
v
fcsr
7,916
k.
NdW-Has Own
has announced the
i79;
>
,f&o€kf- preferred
acquisition of its own fleet tor
operation "in^ the New York Harbor area with the purchase of six tugs
and 19 barges with a carrying capacity ranging from $.000 to 30,000
barrels. Treviously, the company contracted with outside carriers'to
transport all its products to its affiliates' terminals, dealers and con¬
sumers.:
retirements:.
of franchises..
taxes)
come
Prbv:
.
•
(other
Taxes
.
The difectork OfrMaffelf 13
declared a" dtVwefrd
company
906
'
-.Capital-- Surplus
Earnfed sufplus —_i___—
-
The collateral was estimated solely for the purpose of the ioan to have
"realizable valtir* of $130f5(K),009.—V* 163,; p. 695;lf
»; -
This
499,750
15,043
15,043.
i
liqidating AxjfrenseX.i—J-X—-iX-
stock;
Corp., LoutoviHe Gas
(Ky.) and Philadelphia Co.
Standard Oil Co. of New Jersey (Del.)
bonds_
$599,330
stock
Common
Sdttthwcstertt PuhMc Sertidfe Cd.^Earfiiiijgs—
Period End. Jan. 31—
for
Preferred
a
>
refund
_
;
,
tax
$166,596
574,711
ithir YWva
be
Oregon
'4$ Bept. 30, '44.:,
sept,
.
_________—.
LIABILITIES—
-ACcoutits" payable
Provision for Federal and State taxes
Employees' deduc. for pay. withhold, taxes—
Service
Electric
•••',
$9,396
Bills
TotalX—
applied to the re¬
possible," of $58,601,000 of company's 6',w notes
$9,000,000
-X
■
for payment of Empl. withhold tax—
Accrued int. on United States Treasury bills_iAbatement ceirtf. (1944 Mass. Corp. excise
tax;
..
x
X
Treasury
Deposit
and Exchange Commission has approved thC propbsal
borrow $51,000,006 from a group of 11 banks at an
2Va%.
Proceeds of the bank<;loan,!; together with
to
cost
Loattx-
States
United States excess
profits
t
demption, '4aS soon as
and debentures. -how; outstanding.
•
X The Bank notes are to bd. secured by pledge of Afl the holdings of
Standard in the common stocks of PaCific Gas & Electric Co., Okla¬
homa
■
—$3,195,944
—
;'i6SET®-a X
lA the interim, "Standard Is proceeding with Its efforts to pay 6ff
the debt.
Under the present extension from the SEC the company
has until March 39 to effect the step.*: Xy-w.;- ,/xV»
;
SuftcoikMiii^SaiafiocShect—
'
right to appeal, since he had not participated ih the
proceedings before the District Court, 6nd thatvthe company has the
right to withdraw its previous plan and pay off the debt in cash.
Interested parties have until March 29 to appeal from Judge Leahy's
States
income
net
Consolidated
—V. 163, P. -l203.:
portfolio common stocks as previously planned; <XfXX';.
brief, the preferred stCckholders' counsel stated that the
approximately
?■.
-
System
P.- Transp.
solely
of
income
♦Net
,'
;
of
income
Net
•'_/,
\
•• .*
>//: 270
charges.:.—-
contingent
,v.; f
and
charges..—
fixed
Other
Total
debt—Ponds
funded
on
their
appellant has
429,870
$4,501,579
part
In
$4,071,708
$4,791,952
^———■
2,039,481
-
390,254
miscellaneous • deductions———
Total
8,976,890
$4,401,697
income————._
————._
income
and
$10,034,234 $15,088,079
•:
December
last
,
at Philadelphia to dismiss the
Trainor of Chicago from the decision
by District Judge Paul Leahy of Wil¬
V.
Del.
'
opinion, Judge Leahy approved the company's plan to pay
Off its $58,601,000 hotes and debentures in cash, in lieu of part cash
35,914,029
4,164,870
i;527!665
(netJ
Railway tax Accruals
Equipment and Joint facility rents
Other
31,930,117
The agreement of merger
providing f6r the merger of this'company ,':
With and into Joy Manufacturing Co. has been
approved by the stockholders of both' companies.':' Each share of capital
stock, without par
Value,,of SulliVan Machinery Co. will be exchangeable for and
Into.;
iVi shares of common stock, par value $1, of Joy
Manufacturing Co.
Appeals
of
Edward
by
Machinery Co.—Merger Agreemeftt Approved
f:
this
In
-1946
1945
$41,964,351 $51,002,109
—.
Court
Circuit
down
r X'Bhllivftfi
x.
mington,
-
_
operations—i_
from railway
Net revenue
'>
>
operatihg revenues
operating expenses.:;.
railway
Total railway
S.
CO.—liolders Ask Appeal
grcup of dompany's. jireferred stockholders have asked
a
taken
handed
Companies)
Affiliated
U.
appeal
Co.—Earnings of Transportation Sys.
Southern Pacific
douhsel' for
"
.
(Incl. Separately Operated Solely Controlled
& " Electric
Startdard
^ Dismissed—
shard .on the %%. convertible preferred stock, par $25,
April 1 to holders of record March 15. .An initial
quarterly
of like amount was made on Jan, 2 last.->V.
163, p.: 356.
cents per
able
ment
Thateh^f
The
and
Mahufaeturing
uav-
Pay¬
CO.—To Increase Stock—
stockholders on April 4 wifl vote upon a proposal to recla^ifw
the number of shares from: 460,Ooo Shares of Whirh
increase
10.000 shared
7%.
of the par: value 0f $ioo 6ach are preferred stock (known '
,
as
cumulative^ preferred; stock)/V 132,000 sham are dorivertible
preference stock,without,piar value and .318,000 shares are Common
stock without-par-value- to- a total of 863,909^ shares of which
113,9«9
Si/
/
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 163 /'-Number 4473
—
J1,
"
in
'
m'n
'
i
r
shares xShall bevC(mTertibicV-p*eference/^.without parvalue
shares; Shall be comnvorf-'-StbCk withVttt-par value.
■
;v 750,000
X X
-The
.
fixed
close
the
,/v/. 1946,
-additional-v. shares
tional
;
shares
*;/inor© .of"
of
but
commoir* Stock
be
may
plan
immediate
no
made/ available
for
the^addi- '':/;as-an
..when/authorized
for
,
the-*following purposes without: further,: action
sale, (-b)?«fov;: exchange, .u-pom acquisition
'
stoclt^iiK damarjv
shares .fox^xonversion^ ofi tim-1
Avertible preference; stock (including shares bieldf in thb treasury
■..
tivewtoi***-
'
coitrS;'frlV3»^f/die66htures
due Febt'l,
Cuih; pfd. stock; (no par)
and
1960<:.._.*
ties
p., 699.;
in
X/k kk. >
s^.:
* $tated..»value:
$22,886,727
it
construct
plAnts
activttes,
it is
peacetime
during the next
*
.
and
1945,
been
will
INCOME
wholly-owned
of
the
be
the
S.
.*
unde¬
of
v.
during
corporation
that
>•
production facili¬
compared
as
impossible
with
$10,--
the
wartime
In its normal
constructors expendiures
substantially larger than in 1945.
ACCOUNT
U.
;
.
acquisition
during
required by
anticipated
or two
year
CONSOLIDATED
(Incl.
..
has
portion
land, buildings, tunnels, dams, and
.»
Since
,
substantial
A
represented by
construction
to
1944.
period to
FOR
and
CALENDAR
Canadian
YEARS
companies)
1943
' 1944
1943
"
1942
Jjj
$ ' • *-»•.'
$
$
134,475,044 161,053,777 158,878,292" 138,359,798
foe war-time adj.;
*:
6,315,715
2,500,000
Deprec.. and depletion—
14,857,664
14,761,234
17,792,792
16,726,351 *
V
$7,360,000
1,000,000 shs."
$117,117,051.
assets.
for
amounted
836,829
Outstanding
-
--*S\. *
141,380 shs.
2,429,318 slis,
14,000,000" she.
"
of
Expenditures
,-.i
IQM
.
$7,360,000
.
:-'15,20ff-4hares'fdrexercis0oi",dpti0rts,;ithere.remairtpnly^l8shacesr.'Cbmmon'stocfe'{
stocfc.^-V;«163,:
hi
Authorized
assets* of
types
AS- OP DECEMBER 3f, 1945
;
common
of authorized but unissued common
similar
Company
-
,
these
preciated balance is
X
■-
investment
or ^..- vestment
one
prop^^vXcl fdrVbxchahg/up^retiremen^fA^vertrtHel^preference
stwfc/itdmdfr,stdel^d|wldettds^)
X'lX^X-FOUowingthe;dividend -paid
Xyeatt.and after reserving 132,000
1960.
company.' Corporation is registered under the InAct of 1940 as a diversified, management investof 'stockhoid-Vrment,gojnpany of the closed-end type, and is subject to the regulatory
qf addithwaW^ian^th^PfO^ipiOBS of such Act applicable to companies of this type.
for- any
issuance
1,
'i' CORPORATION-—Corporation, was
formed in Maryland Dec. 31,. 1929,
entitled^,; pursuant to an agreement of consolidation dated Dec. 27, 1929v. be< X,
tween two predecessor corporations.
Its charter is not limited as to
ot such v v time.
Since the date of its formation it has beert engaged in business
Issuance
the
*)'''for
v/:
^ue Feb.
Mattel* 8,
on
of stockholders
as the record-date for determination
to. notice of
and to vote atr the meeting,
V'•'.%• vrlfieioianagement' - has
business
of
for
and/other funds ofjhe corporation, to redeem $7,360,000 3%,%,debentures
,
board-of directors has
14€f3
"
*
;
income
Prov
$25 per .share;
.
Amortization
Deb. 31), 1945,-utliereo,were outstanding warrants to purchase at
time 1,230,544 ^hares^xjf "Common stock (including warrants held
v,by the corporation, to purchase .25,162 Vi shares) on the basis of 1.22
t
ishaws ef-pommon stock at $18.46 per share for each warrant.
There
At
Operating expenses i'44
Fed, inc-:^xc. "prof. etc.
,/:/F©d.---tax.,- bef. spec.
v
"'
656,224 '-.
6,342;210:
/T,406,001
540;023
?
vr
"
deduction
Interest.
Property and other tax.
■"icProp. retire, res. appro.
XXXAitiort, -olP
inv."
/
100,000
S; 1,200.000 W 1,200;000
109,000
'
;■
.Net operatg.
Otjhett income
,
Ntjt interest etc, dpduc.
■■■'
'
f
g,
"
1
'
aforesaid
.^vjTOO.-OOO
TOO.OfOO
Blyth & Co., Inc.—
?
E. H. Rollins & Sons
Incorporated
:
"*
700,000
,
McDonald
'
„v
$736,483
r' $336.317 : $3,016,635
$2;699,355
tb;?prefejcre4;" stocks;:for' pidripd(://365f05Q: ^ i 937^li3i9;
i
.if. nil'"t ir-y'if>ii,Jin.
r;
f
ndR-rtCurring* ta*/benefllis•■ffom- pafttoipatlon'
federal;; income and; excess, profits- tax returns
" ' ;
consolidated
and Co.——
Loeb & Co
Kuhn,
'
$1,310,223
^
Having
oeen
$3,010,423 fdr
tnisei
oy
roe
special
amortisation
Viifnit iiff'in'-/iVrfv
31,869,411
101,546,964
100,539,150
301.426
100,335
32,870
2,547
securs.
applicable
293,265
387,258
,
249,723
|eeg
on
corp.
••
131,609
stock
cap.
8Lan^ln8
2,669;l6T
-
Thompson Ftodnctsw
■
162,57%
0,27176$
par).—
0,277,788
$4.08
(Operating: in
237,556
57,642
Tiie/-Rogist0r$AWit^ SfiC/,
>*-'■<
v
,
^
♦
'
8,102
8,185
18,185
12,982
$1,139,586
0,27T,78«
$4 06 fm-
the
United
.':V-
'effeC'tiyi.,/ibll©<df=-
fellng of- these ahares is-expected, to, be;:made shorti/after.;npP.nd>ttot^%* ..aetibiv hy stockholders' at^a-meeting'' td be held on, March '26/
'
The proposed financing, according ,td J:'H.'doolid^e; .^ice-President
and.,Treasurer, Would provide'funds' for the purchase of the plant of,
'h the,Thompson Aircraft Products CO.L &t: Euclid, 0hto, fbr $5,000>000i
,
-^,*^
.
.
income.
1945
;
^
BALANCE
.
SHEET
DEC.
31
which
has
been
operated
lease
under
other, capital; improvements
company.J
and
from
the
additions' to
Government,
and for
undertakent by the
be
increase in the amount
an
tive
to
100,600 shares,
as
cost),
^
tights ot TS.OOA presently oufstflnding sharea of cdmtnori^ StOck SOi
to undei-writersi"
*
» •
-.
v
SUMMARY OF. E.ARNINGS tINCLUDING- SUBS.)
Net
Earned
*
$
sales
Common
*„
shares
outstandingwia^;'-__^__—______
fhare
-
per
.flncludes
(141,380
1944
-
-a*-
$
stock
361.697
,
.
,
from
-
.
Calendar Years-•:
'
"Tentative
pletidn
of
/ ."The. usual
declared
on
quarterly
the
$2.75
•
.
dividend
of
cumulative
93%
cents
preferred
-.
'
payable
V.
the
15-yeaif
at
:
•
Bell,
Superintendent
Banking Board
had
of
Banks,
his
1
named
above
Union
p.
2259.
added
securities
Carbide &
the
to.
added
were
to
equal to $4.08
per
equal to $4.06
1945. the
per
March
legal
$90,000,000
list
of
to
the
*
el
common
stepx.
.
-:rX
^
and
that
x
together
stock
common
of
;
and. Electric
Corp.,
the
as
with
-
ho!der
of
Corp.
Utility
of the newr
of 1,870 shdttes blithe
Corp.—V. 16l,'p. 707.
Service
saiiuary—
Gross
fttbm.
X
.
railway-^..-
'1948
,1945;
>$5;069
'
Net'frqmXfailwayii—^^'13,833;
Net
ry.
oper,
income..
"Deficit.—^V.
*13,913
*163, p. 947.
,
236,961.
197,603
•
1943
.-
$365,867
$1,735,776,
tax
for
in
•
'
►
'
The directors have declared
110
par
value
company,
common
From
stock,
March,
paid 50 cents
Trl-Contiaental
1942
ove^.
'
per
a
dividend of 25 cents
per share
March 30 to holders of
to
and
including
share each Quarter.—V.
Carp.
December,
162.
Debentures
102
p.
on
interest.
The
LISTING—Corporation intends
these
debentures
PURPOSE—Net
on
the
proceeds
New
the
-
tq. make
application
Stock
A
•L'/
I'
} -W
1-7 '*
Government
under
1945
refunds
to
the
of
less
Union
the
adjustments.
amount
amortization
in
due
without
will
coupons
be
interchangeable.:
issuance
and
sale
Of
these: bonds
interstate Commerce
bonds
the
of
will
act
be
71;
com-
r'
ended
amortization-of
en
60
for
months. ,w,This
•
the
of-income
years.
the
of
th©.
The
amortization
for •the*'year
1945
On
Will
or
7-j
-,i I,
to
the
Dee.
on
for
reserve
"
.
^serves
a
for
total
depreciation
value
for land,
for
..
"
depreci-r'
l.r-,
which
there
3,538
so
'
'
-'
Jersey,
of
for
York,
the
OounAel,
savings
California,
New
of
opinion'
'
proceeds
funds,
to
banks
series
organized
Ohio
of
the
to
redeem
$81,602,000,
are
miles
of
railroad
C
under'
Maine,
Massachusetts, New ;
Rhode Island, and for
and
sale
th©: bonds * Witt
of
107
and
series
B,
at
mortgage bonds-,
principal
amount,
interest,.:,
Oct.' 1,.' 1990,.
outstanding, being
direct
a.
be. Used, X'
accrued
.
'
,
hen
v
/
due
,
on
,
X;
/
'
approxji*
owned
now
far as it
to
the
attaches
thereto,
mortgaged
and
property,
buildings-, macMn-vnt
■
-»1.:
of
the
bonds,
due
$100,000,000
grant
4r/o
standing
under
said
to
equipment
whether
now
trusts)
on
owned
or
at' maturity.
A
company's- first mortgage railroad
and
July 1,
1947, which
are
all
the
bonds
mortgage,
like
will
principal,
m
amortization N
"
'
paid
\-''X
and
:«*
'■
subject
acquired
and,
to the extent provided
in
the
refunding
mortgage,
on
equipment or interests therein now owned
or
hereafter acquired.
The refunding mortgage is not a lien on lands or
interests therein not appurtenant to the mortgaged railroads >ior on
any. property owned by subsidiary companies or on any securities or
on
any mineral rights in
mortgaged premises.
1945
31,
undepreciated batons
ery,; and equipment of $373,807,377, leaving an- und
i
„v,
it *»'<■
>
>,
"" <>.;;t ! f
-..v.'-',
investments
States
other
appurtenances
postwatt
""
no
$256,690,326 on
Arsr
hereafter
'
1945,
with
mortgage,
has
charged^aga>inst income for depreciation, depletion, and
31.
x.
by the company (subjects.
the prior lien of the company's first railroad and land grant
mortgage on abdufi .2,018 miles> comprising most of the company's-X
main lines) and a lien
(subject to said first railroad and land grant •«-.
vX
income.
charges against income in future years
amortization with respect to such facilities. -
Dec.
>;
re-
X only to
was
be
New
the
SECURITY—The refunding mortgage is
and
increased
legal
the
company's: refunding
mabely
After .al¬
1945.
be
Commission.
the entire authorized issue thereof.
increased
resumed in
be
of
PURPOSE—The
together
pro-
agency, facilities on
of such 'facilities
1941, through'
will
laws
Hampshire,
gc
$tAtes, 'by ' pmtematton,
will
payings banks organized under th© general law© ot Pepnsylvajdia.
$37,687,483, as compared with $33,031,739 in the
year.
An increase in the charge for amortization resulted
termination of the emergency permitting a
shortening of the;;
amortization period.
All emergency facilities completed on Sept. 29v-v
1945,
have been fully
amortized, although many are still iri- use.',
1
- -
this
INVESTMENTS^In
,
amount
Bonds
X
,£
(except
LEGAL
from
With
i'
the
;
or
coupon
,:;"X'X*;X;
previous
listing
tqgethcA
be
ISSUANCE—Th©
Goverrm'eril resulting from
occurred
changes
amounted
-
to
than
refunds
atibn
.1-'
United
relating
amortization
No-
debentures
for
in
ttserve'itrtoaiiut'acpided
during the year in
contingencies which amounted to $15,000,000
**'K"
i
period
the
*
•
^
the
and
1944
Any
for
time
Exchange,-;
C$7,369,000-) v -wiii-'bqT Ueed.
OOOi
of
been charged against
the
debentures mature Mareh
York
.
for
There
of
1946,
will
"
excess profits taxes paid for the
through, 1944, " the net amount of $3,941,211 relating tb
these yeats has been charged against the accrued
provision for war¬
record
1945
—
1,
payable at office
aubhortoatton by the
1941
years
3121.
Offered
27/$%
and
years
1946.
lowance
Securities Corp. headed a
group of underwriting houses
offered on March- 14 $7,360,000
that
at
•
reduction in the postwar refund of excess profits
1943 of $1.324,860.,5 It is expect id that". teVieWS! of the
the
period
a
The
—
to
refund
charges
payable
-
$81,602,000 ref. mtge;;
for
Sei)t- 29, 1945,; thereby permitting the arirortizatfoif
177,022
TraBspe & Williams Steel Forging
Cofp.~R,e4uce$ Div.
March. 25.
"
'
sinking fund) upon not less than 30 days' published
notice, and ,'i
for the sinking fund on
similar notice on any date, at the prin¬
cipal amount thereof and unpaid Interest thereon to tb© date
fixed
for
redemption, together With premiums., the Initial
prices being '
109
And 102Ve% respectively^
■'
"
;
'
r - *
a
year
fa
fo?"
cash
a
and
the
operations
emergency
17? 099
,048
$256,690,326
definable prior to maturity at the
option of the company, as © whole
any date, or in part in amounts of not less than
$5,000,000
year
resulted
The* Rresidehii
263156
225
of
on
w;ere
charged against the
viston for' Ws'ttinto adjustments. ;
;
$457123V-
428,tt7t,7(}9 48l,178;97tf
long-term financing in the history of American rail¬
bonds
-
these-review;; will be
194%:
$424,79%
192,879,842 192,879,842
115,968,111 108,287,969
as
outstanding: 2V-i'h
pleted early '.h
Western RR.—Earnings—
Toledo Peoi'la &
15,000,000
March 1, 1991.
Principal and- interest
agency of company in New York.
Definitive
form, in denomination of $1,000, registerable
to principal, and In registered form
without coupons, in denominations of $1,000 and multiples thereof,
j
Coupon bonds and registered
—
sinking fund debentures due Sept. 1,
retired.
Sinking fund payments
of $19,200,000 was retired under the
ret-»w
yetiremenli; premium in the amount of
$505,932i Was- charged AgalriAfc incbme, '
- The revolving credit in the amount of $50,000,000, which was established iiv l942 foi, a five-yeatt period; was terminated- by the:: corpora^
1943
holdings
Atlantic
Par)-—
,
®r». st®cJc'.,.receiye-' the remaining shares,
Tidewater s
*
,
'-1,642,062't
*
21,000,000
surplusv
bated March
tton on 060. 31,1945'. No boxtto.wings, fead been made? tinder, this;
-©ntstAadiAi'Spwiteif^;;-- drbtbt;-.X
•
new. feommofc for each., shaf© of J
Final settlement! under the: Renegotiation Act
relating to the
?:rf.8 df,the
Gas
General
'
aj[' °1
--.common
'
;v
1,625,298
15,000,000
road financing.
list upon ap¬
3121.
,
s
preferred
for ih©
contracts
Aftev reserves fott depreciation^^ and amortization
1945 and $204,651,181 in
1944.—V. 162. p. 2521
on
.;
legal
W4.W.V
^
pwvides apxong. other things,
4,968,879
14,000,000
The issue was awarded on a bid
of 101.27, a net interest t
cost for the road of
approximately 2.453%. • KuJhn, Loeb
& Co. and associates offered
101.1899 for a similar cou- pon, a, net interest cost of 2.456%/
>The winning* bid is;t
said to have; established the lowest
interest cost basis
!
exlst.ing c<>"imon and preferred stocks of the comexchange therefor of 98,893.shares- ©f-BeW
190,000
;
4 249 621
bonds, Series C,. 2Yz % due March 1,
1991,- and imme- v*4
diately reoffered them at 102.1&% and accrued
interest* /
subject to Interstate Coihmerce Comittission
approval. "
13
on
share as compared with $37,725,306,
share for the year 1944.
mm
«
~
sinking" fund debentures
contingencies
bonds
Carbon
"
-k...
" "
that won the award March 13 of
;
Annual ReportNet income for the year 1945 amounted to $37,889,526,
In
f^ P
Iv, P ?,
1,800,000
v
postwar
(M-S)
?
beeps
deb
iJnioii Pacific RR.—Bonds
Offered—Halsey, Stuart &
Co., Inc. headed a large group of investment
and\
April
sink, fd
18,467,345
6,958,341*
6 958,341
—
Total
.
in
Bonds
announced
plication of the Sayings Banks Trust Co.—V. 162," p.
Plan-
■'/
for
■;
r--
■
481,178,978,;
17 748 841
year
liabilities__»^^„^/
2
Earned
Co.—Calls 7% Stock—
Banking Board does not undertake to pass upon the question whether
the obligations constitute suitable investment media for any particular
savings bank or whether investment at current prices to advisable.
These
question can be decided only by the management of individual
The
holdera of record March •II.—V'. 163, p. 648-,
TW/Water
■ ■■
1
following
Govt,
-
banks with due regard for- all relevant consideratjion$."
aom-
on
share
per
stock,
accrued
Keserve
stock
common
$18.46
t
_
HiHH
payable
Sii0? ,f.oru^ar-time adjustment-.::;::::::
Deferred liabilities under
common
first mortgage and collateral Trust bonds, series due May 1, 1971,,
$13,000,000 of 2.%#
first mortgage and collateral trust bonds,
series dud Oct. IV1978, ©i the above company.
■.
'
' /
"In authorizing the securities for investment," Mr. Belt said, "the
1
>
•
Other
3% %
" v-$lr.9'»
•
charges
•
exercise, of warrants to subscribe to
per share.—V, 163, p. 1203.
at
12013©is
*
95,984,540
$.19,442),
of
and
1943
•
$2.43
figure.
Subject to possible minor; adjustments
the audit by independent auditors.
tAfter all
estfanated Fedbttat tecbnie ta-xes*
the
1 897 010
LIABILITIES—
year on
4
;
872il76
~~
tax
$2,429,318;
$1)
(par
debentures
tlnion Electric C?»« of Misseui'i—3%% anci
Legal. Iot Savings Banks—
that
-
1944
••$2.57:
for
Elliott
+Net .income-,---^——4—$18,159,000
$17,787,202 $14,902,640
Earniim pe^ Common' sharew—.s-.i,
;;
3,VzVo
profits
Dividends payable Jan. 1 of
Instalm'ts due within one
^
(& Subs».)-^^arniiig$«--
*1945
on
excess
bankers
31.
jttd® WAtep Associatcii pit
stock
common
See United Merchants & Mdnufacturers, Inc. below.—V: 157,
1945, according to Mr. F. C. Crawford. President, the
company has concluded final .renegotiation agreements with- the Price
Adjustment- Boattd. for the years 1943s and 1944.—^V.
163, p.- 822;:
/
$3,534,500;
3,808,852
428,077,709
Accounts
$232,387;
Issued,
2,011,132
__
'
due for securities pur¬
when
refund of
I
Lnion^Rufalo Miits Co^-New Control^-
the
.
issued),
-rPi'?X.
$16,260,839 as of Dec. '
31; 1944..
Consolidated earned surplus increased during the year from
S10,614,466 'to $11,124,019. ;
' ,1
,
31-'
Since Dec.
$23,000;
purchased
tflv
<
Total
The company has called for redemption ori April 20, tiexti, all of the,
outstanding shares of 7% second preferred stock at par plus accrued
dividends of $51.14 per share.—V. 163, p. 233,
V
'
Consolidated current Assets at Dec. 31. 1945 Amounted to
$28,684,21*2,
concolidated current liabilities to. $11,210,114.
Net current assets
increase
securities
„
l5L32l'<)29
117,117,051
PatentSi trade-marks and goodwilL,
$472,010;
etc.,
insurance,
Postwar
$115,249;
sold ^
{n°
and
an
against cash,
for
payable,
dividends
Twin City Rapid Transit
$7.45
..v.
reoresented
etc.,
Prepaid
^
71,378,438
■
22,553,86%
20,980,894
ii.___^567 866
taxes, etc.
1,927,372
1
Other securities-
(at
359.737
; $3.55
charged to current operations, and is after provision for estimated taxes
income amounting to $322,599.
A charge cf $726,192 was made
against 1945 operations representing the portion of unamortized in-; i
vestment m emergency
plant facilities applicable to 1945. i tAfter pro¬
vision <forv estimated'taxes oh income and reserves for
contingencies. /
The figure for 1944, adjusted to reflect final
renegotiation settlement,
of $17,474,098
loaned
due
shares
time:
any
a
$10,199,,10.3.:
receivable,
issuanqe 1,230,544 shares of
©n
was
$14,486;
accrued,
:*$^/suTplu5sv(a£t«r unamortized expenses
'$2^,794^50rtota,h $42,3,31,224.
;
/'/■
NOTE—ThAre- are reserved fdr
credit-of $1,000,840 appropriated: from reserve for
gen¬
contingencies to offset moving and other reconversion expenses
eral
interest
securities
5,215,308 _v>
80,067,182
,
{f"Sated u^mpank8
Foreign subsidiaries
S; Government
u.
other
in
reserve^ for expenses,
taxes,
etc., $271,273; 3V2%
debentures,
due
Feb. 1, 1960, $7,360,000; $6 cumulative
preferred stock, no par value,
94.91 037 130,847.1?0
>1,520,954 :-t2<906.312
-
-
and
,
1945' ^'j':'
''
k"
securities
chased,
-The proposed offeringrwili be made hy an
underwriting group headed
by Smith, Barney & Co., and M-Don- 'd. &: Co.
Offering prices of the
new>qhares will she; supplied bY hh^Bhdment. "
" *
Consolidated ftet
dividends
fcl'ABlLITIES1—Interest
due for
ad to permit immediate sale
i
$39,821,212;
investments
profits tax
investments—
-
.
$1,100,000;
48,946,934
—_II_H
6,405,44?
refund———19,34oi342
"Land, buildings, machinery and
equipment—.,
.
1,886,198
'
accounts
excess
49,776,000
4,118.648
33 813 149
accouivts_.u_-j
and
Inventories-"
receiivabld fott securlties sold, $4,60i; receivabl© for- securitiea
when^issued, A190; 4517^ speciatt:'deposits;
interest, dlvidendhj
$364,678; total, -. $42,131,224.
Welt as to, the release from pre-emp-
^ Calendar Years—'£;)-*■'
'.f
cost),
.
'v;. Wm
thwnnee^ng' Pn Jtfdrch 38/: wittt respect
of authorized 4% cumulative preferred stock
.-
stockholder Witt; vote at
from 60,000
;»,
_
ASSETS—Cash in banks, $535,034, invbstiftents to
(at
-
securities
and
notes
Income and
a regulated!
1945
...
34,000,000"
seemfttiee
note©
Other
1
*
1944
$
Trade
t't, *'* ^
had deterhiiriedio! etect. id h© Jaft©« 66
s,
31
104,058,962 110,984,926
•S ®/?^,asu*y tax
Marketable
cp«P»»P^nd2 as^such-should have no ^/terialjiability
^;!/c?™e
*
th© year 1945 in respect of the above
;
;■
States.-and -Canada)
ASSETS—
864
485
--
*
-i
,
r.
^
-
';
0,277,786
$4.io
$4 uj
Cash
$978,724
848,289
$1,006,625
846,280!
848,280
--s>-
A registration statement
covering the-proposed sal© of 4Oj.O0O» shares;,vcommoft, dividends/
©L47ff ttumulativ© preferred stock: arid 79.00O"shares, of
^ttock
^J--v., •
wa$Tile«TMa!rch O^trtth
*
' 7: : ;
* ': *Thei»orjpoitatl©it.
Subject to-Uie-registration .statement.becoming;
«
..
52>,229
♦
4,188
income
,..
104,185,352 101,546^964
CONSOLIDATED BALANCE SHEET, DEC:
221,037
5,419
/iNet
^
,
—.
.
27,833,364
..■-.
.
115,988,1U 103,287,969
out-
3,131,114
27,833,364
27,833,364
■*>■
■■
"Nfot tacludihg: 136,640 shares held
py the porporattott.;
'
taxes
■ ■
EAtttted per share.^^^
•;icvif,oott
onai-gci-wt
^2,939,800
27,833,364
>:'-
Profit and loss surp._
"Shares
134,687,884 132,511,442
,
stock—_
v*'-'"•'''
•'
i-J,433,256
retire^
..._2,910,010
''
$1,283,421
10,221
—
v:'
7,938
^
past, service
ment plan
1943
154,634
'
to
sold
secur.
M
,
$1,590,810
171,889,
;ye^r/"/bvett-^ccttuaT ~lot
Other
32,806,623
» on
Dlvs.
1944
$1,461,228
153>414
---------
l2^months ehded Dec: i3i;' l945.^rV^ 162, p;-3Q39v:
6,219,312
37,889,526
34,480,584
108,287,969 104,185,353
b^!S—130,061,132
Payments
a-ccou-n-t
750,000
$1,300,027
•"14,798
148,402
121,174
%
ucinuu
38,08$,723
5,535,766
valuation
marketable
125,000
269-,728
•
38,342,389
3,244,922
.
330,000
Total
"NOTE—The net Income computed. without,Regard to< the net • affect - ,
% thereon of the extraordirtftry rton-recurrlng rtSX- beneffts and of
'a;iBK<1j
of
reserve
INCOME ACCOUNT FOR CALENDAR YEARS
DiVkfends-^-CaslV
^
37,725,506
cont'g., '
125,000
Inc.
GeneralU expenses
:
66,441,220
-
.
^--an'd'ffqin refinancing by-the companyv'
892,843
79,882,279
* 37,889,326
marketable
Reduction
330,000
$ 175,000-
16,210,662
767,447
83,306,327
transf. to surp.
Previous surplus
Increase in mkt. value
330.000
19,593,385
674,290
38,315,094
taxes
prof,
Amt.
Ames, Enierich & Co.,
taxable ^secti ritles: k'
$l,762-.21t
$2,151,585,
Boettcher
-700,000
:
Co
&
1943
yTii'ii
..J.
-
Res.
.
18,270,506
582,941
exc.
income
for postwar
of
Reynolds & Co.—
'
&
Net
common
warrants...
700,000
•
in
the
unissued
vKiddetti'Pfeabody & Co.
»
VEXtrabrdipary'
parent
of
but
'1
4.656
^
Balance
:
authorized,
-Goldman, Sachs & Co.
'
1 524
.
'
exercise
upon
Stone & Webster Sees.
81,539-: /;110t28i7i.
1,379 ;
7,644
Corporation
$822,679:. ;: -$54i;9»4 . $7'JW9,754' $5,6741,$4$; >: A.- C.. Allyn :aftd Com-;
; 86,i96.
J;211,66^),^:'4i,Pi4^^9»./'-2;37!4f,]6961 - pahy/ Ilic.
(net)1—
Net Income
Div;: applicable'
of
$831,300,;/5$533)349 :$65,949;2l5i;. $4,963i7®$: > MelHoii Sees,' Corp.---
revenue.
Gross income
"*>>-
issuance
shares
4,515,4
447
^
r
v.
.
_
.
for
l,230i544
Inc.
9it*names of the underwriters and the principalw,oon;*^.^m^unt.of-debentures to be purchased by each are as follows:
vv..♦
$1,245,000. « W. C. 'Langley & Co.■
795,914 *L, Union Sees. Corp.—,,
.450^000
o
m-130.590 -; 3-.-l83.908
333,730
•
Cr552:584 l?
Cr3,288,387.
67 549
V 843,767
59,644
•
*^peciat-deduction
.
reserved
were
-stock
.
22,829.819
„
any
tv.A
:
n
not
be
-
amount
wi1.,
extended
of
but
refunding
..
land
out¬
will
be
mortgage
»
.-
-
°r
payi^pff^said bonds, and: after the ^tWacaon of the mortgage securbonds any of said $100,000,000 of: refunding mortgage bonds
th.
4
i
;;
THE COMMERCIAL & FINANCIAL CHRONICLE
1484
stockholders but will mail
time- or from time to time, at
the approval of the Interstate
corporate purposes.;-; In addi- g
$18,398,000,
principal
amount,
of refunding
mortgage bonds,
than series A, B, or C, may be issued at any time, or from j
to time, at the request of the company on
like approval, for t
used
not
so
the
request
Commerce
tion,
other
time
be
may
of
at
issued
the
company,
Commission,
for
any
,
Applegate
G.
Geo.
Leftwich_and Ross-—
Martin, ^urns. & Cor-
^rT0dcs-B^:
,50,000
750,000
ci::.
Se&Sr:::::
^n?th
Chanute
Loughridge
t
Ci—
&
P.
&
Monroe
jiraun
SSe
Tindall & Co.i-
& Coe
Stockton Broome
i
H
Byllesby and Co.,
Incorporated
•
ckssell
F
cSfin
C
200,000
&
—-
&
500.000
3,100,000
Dick & Merle-Smith
Co.,
Dickson &
Incorporated —
John M. DouglasS.
r
-
J
H
300,000
100,000
Evans
A.
■
150,000
mc
Co
the
terms
of
the
.200,000
;
16,905
'
823.
35,235
17,097
14,669
18,294
„
entire
for
issue of 5%
redemption
class A
April
on
of
preferred stock, par $100, has beeif
1,
next,
this
issue
are
at
and
$105
share
per
accrued
authorized,
there
(not
dividends.
are
only
$52.50
Although
26 shares
which became effective
July
At
last
accounts
the
also
company
had
outstanding 24,321.4
6t0?k!—VPri63r,rpd 69°7?VPY52,5p. MO.52*800 8hal'eS °f $5°
Verity Porcupine Gold Mines, Ltd.
SEC—
shares
P&r C0mm0«
Registers Witli
on March 12 filed la registration statement with
#
for 250,000 shares: of
32%
a
reduction
of
the
stated
also
and
to
proposes
to
give
change
The
SEC
common
new
development work, etc.
to
goes
will
vote
March
capital
stock
$2.50.
on
26
each
Split-Up—
on
approving a proposal to
shares, par $5,
from
1.000,000
present
share
to
be
exchanged
°
•
Acquires Findlay, Ohio, Concern—
^l88 acquired the 'entire
5°"IP®n*
pre¬
Findlay.
»
hearing on March 19.—V.
a
SEC
Price to the public is 50 cents
StrC"' Toronl0' CaMtia. ls
000,000 shares, par
for two-new shares;
its
All
stockholders
?ha"8ethe authorized
to 2
of new
scheduled the plan for
has
$3
The
to¬
and
capitalization solely to common
common and $3 cash for each
share of common for each $2.75 pre?
share
one
be used for
Vick Chemical Co.^-To Vote
from sale of
on each class
liquidating value,
or
common stock.
«nd«wr£ar"-V. ?63C°i;.
Ohio,
whose
operations
will
f|
capital stock of Sofskin Co.,
be
continued
Olessner, President of thO acquired
1292
1!
162, p. 2992.
United States Plywood Corp; (& Subs.)—Earnings—
Ended
Months
9
,
Jan.
31—
under
the
dlrec-
company.—V. 163* i
profit
income
$2,278,300
129,900
(net)-L—
„
Net
100,000
profits
Fed,
and
inc.
taxes
*■2,511,200
$889,200
available
Common
shares
Earnings
150,000
for
83,900
71,000
46,800
$899,600
$818,200
$587,480
699,864
299,932
$2.73
299,932
per
•After
shares
common
outstanding
share-
common
postwar refund
$1.29
—
profits taxes.
excess
on
.
Scott, Horner & Mason,
10,423
7,523
5,877
7,862
17,338
10,983
11,596
administrative
1..
expensesi_»___.
t—i
10,000
$380,595
70,443
31,947
36,975
111,059
15,741
$387,065
$114,430
and
•"
Miscellaneous
does
30,727
25,378
i
14,872
:
Total'Income'
General
$123,245
67,394
28,320
41,72$
121,021
5,360
■
Net • Income
not include any provision for renegotiation.—V; 162, p. 3239.
Pomeroy, Inc
3,100,000
Schwabacher 8c Co—400,000
—
mills
Taxes—except income
^
Bond interest
Depreciation and depletion—
$1.96
The foregoing
$284,f70 1
32,950
24,761
Non-recurring income
$634,280
—
Net
$263,011
*
Miscellaneous
•1,556,000
$983,500
.
150,000
$2,190,280
1,424,700
profit for period
Preferred dividends
200,000
1,000,000
100,000
$3,400,400
1944
10,191
Farms
excess
Net
3,750,000
Inc.—-—
89,187
t
1945
—
Rents
•
A
300,000
90,200
•-
$2,408,200
—
for
coal
;
Iron ore
$2,101,093
$3,310,200
Grist
profit
Provision
200,000
200,000
Royalties:
Limestone
Gross
150,000
Calendar Years—
$18,829,100 $20,830,100 $15,107,908
16,550.800 - 17,519,900
13,006,815
Cost of sales and expenses—*:
Other
Virginia Iron, Coal & Coke
Co.—Earnings—
1944
1945
1946
Net sales
150,000
.
-
$131,818
to dis¬
proposes
company
$3,331,672
proceeds
This would comprise $16 a share
properties.
as
plan the
the
ferred stockholders.
3,750,000
750,000
:
-1943
35,309
change
recapitalization jplan with
amended
an
of $3 preferred, and ono
ferred share with no cash payment.
250,000
Inc«
1944
$141,634
28,582
-
Farwell, Chapman & Co.
Fauset Steel & Co.:
-
filed
share
150,000
land
.————.——L. F. Rothschild & Co.
M. A. Saunders & Co.
Inc.
Schoellkopf, Hutton &
100,000
Inc.—
&
E. J. Edwards,
Clement
,
100,000
duPont & Co.
Francis I
:
600,000.
& Co.;——
Drass
•
100,000
Redfield & Co.—
Relnholdt & Gardner—
Daniel F. Rice and Co.E, H. Rollins & Sons
•
Incorporated va-w-%—
Rotan, Mosle and More-
500,000
Co.—
Day&co
L
DemDsev
•
will
busi*
Under a plan of recapitalization,
1, 1940, holders cf the class A
preferred stock received in ex- for each share held 2.2 shares of
5% cumulative prior prefer*-#'
red stock ($50 par), plus $6.25 in
cash, -^y:
v .y
on
common
preferred stockholders
United
150,000
.
Under
to
stock
stock
•
200,000
Davenoort
5
200,000
Inc.
750,000"
Co
&
Courts
of
gether with $6.63 and $6.0775 a share, respectively, on the
$2.75 preferred stocks in satisfaction of unpaid dividends.
100,000
?00,000
SEC.
its Dakota
of
«««
R. W. Pressprich & Co.
Putnam & Co.—*.,.—
The Ranson-Davidson
Co., Inc,^-———
Rauscher, Pierce & Co.
100,000
-
&"co*I-L
100,000
Wm. E. Pollock & Co.,
1,250,000
-
Tnc
Cooley
shares
Corporation has
tribute
3,750.000
300,000,
Corp.
inc.-C. Collings and Co.,
& Burr,
the
100,000
Newburger & Hanq—
Nusloch, Baudean &
smith
Alfred O'Gara & Co.—
.
of
$118,087
•
outstanding.
New York Stock
The
'-'V:-
teneen^lne.—
200,000
Corp.-
City .Securities
r'lavton Securities
■
100 000
changed
37,900
income—
shares
United Public Utilities Corp.—-Amended Plan Filed-—
250,000
Patterson,; Copeland. &
Kendall, Inc._———
Hoyt peck Co,—Peters, Writer & Chris-
100,000
■.mooo
& Co._—
s
,1945
?ornn«aue as Previously reported!
12,000
Exchange has authorized,the listing of 26,450
stock (par $1), upon official notice of
by the/corporation,- in effectuation of an Employees' Stock
Purchase Plan, making the total amount authorized to be listed 1,ft;,
346,450 shares.—V. 163, p. 1203..
'
750,000
Pacific Northwest Co.—
Park-Shaughnessy & Co.
100,000'
■
c
■
1,000,000
100,000
Brothers —i—Caldwell Phillips Co.
$171,425
4
Otis & CO.———
1
stock
distribution
the close
Utica Knitting Co.—To Retire Class A Pfd.
Stock-
.
Omaha—
M
Bvrd
1946'
p.
A
The
>
'
163,
class
stock.
Listing of Additional Common Stock—
additional
.
Nashville SecuritlesEo.
1.500,000
•
11.
railway.—_
railway
ry. oper.
the
of
name
preferred
to holders of record at
1946.—See also V. 163, p. 696.
Ry.-—Earnings—•
from
The
>
.
the
second
from
called
information
,
and
1946,
issuance
Mullaney, Ross & Co—
200,000
100,000
100,000
150,000
and Co.
;
was included in a report filed
by the company with
Exchange Commission, which also disclosed that United
Merchants, when it acquired Freydberg Bros.-Strauss, Inc., purchased
50% of the voting power, but this did not give it effective control as
balance of voting power is owned by
Plexon, Inc., ("American Wool
and Cotton Reporter.")■.
" '
mooo
400000
Co.--,
Bradford
c
Net
20.
The proceeds will
150,000
CO.,
This
The
'VNfttiOHftl OOk of
00*> '''■
&
"Rnvnton
Boston
xn
H
1203.
p.
March
Utah
Gross
Net
163.
March
on
January—
the
payment pf $3,259,610 in cash was made by this corporation when
recently acquired the voting trust certificates for 21,987 shares of
the common stock of the Union-Buffalo Mills Co.
By Jan. 2, of this
year. United Merchants owned, beneficially or otherwise, 22,955 of the
23,468 outstanding shares of this stock.
The
•
that
held
value
par
non-cumulative
on
—V.
250,000
E. W. 4 B. C. Miller
"oSSS
3iM
B&ra &sSwon&c°'-
Commission
A
2,„00,000
100.000
and that it is fair and
.
United Merchants & Manufacturers, Inc.—-Acquisition
200,000
Inc.
M
ASSSS :
Wheten &
.
ness
the Securities &
^ ^
ISdio
.
stockholder
—V.
ISSS
Bond Co.,
The Banker,
reasonable choice
a
each
cautions
plan provides a method for disposi¬
tion of UGI's minority holdings in four major public utility holding
companies—"a necessary objective under the Holding Company Act."
:WJLTisssns^s-
500,000
Weeks & Harden
Baker
UGI
of
which
it
mumm
Aub &
$5
made
The
:
sS^50"-::
Co:::-—
11
of
$4.20
be
stockholders
150,000
mSVoS-:::::::::
100,000
100,000
Almstedt Brothers——
stock,
to
decision,
SEC's
the
of
copy
equitable to those who accept the offer of exchange and to those who
remain as stockholders of UGI." ■ -I
5
:
>
Refunding mortgage bonds are limited
to $200,000,000, principal amount, at any one time outstanding
UNDERWRITERS—The names of the underwriters and the puncipal amount of bonds to be purchased by each are as follows:
Halsev
Stuart & Co.,
;777,' W C. Langley & Co
$1,000,000
Haisey,
stuan
fe16(302,000 . Uwson, Levy & Wil>
Aiusnn-Williams Co.-^
200,000
• liams
250,000,
'
letter offering the exchange with
a
to
a
lawful
lawful corporate purpose.
any
to them
"give careful consideration to bis own particular investment require¬
ments" in deciding whether to accept the company's offer;
"We
have concluded,"
the SEC said,
"that the plan offers the
with
any
Monday, March 18, 1946
Est. pro!&, for Federal & State income taxes.
,47,550
52,100
;
'
Ferris & Co..
400,000
Field, Richards & Co.—
.
First
Corp.
The
—
Foster
M
&
&
Inc.
Co.,
1
—
750,000
750,000
Cook, Inc, <77 100,000
Greenway & Co._.
;
100,000
Gregory & Son, Inc.—
750,000
Hallowell, Sulzberger &
Co.
B
100,000
—i.——
300.000
Hanauer & Co.—
Harl'ey,
,
'
Haydon <fc Co.,
—
100,000
Harris, Hall & Co. (Inc.)
..
1,500,000
:
Inc."
-
Carter H. Harrison & Co.
Robert
Watkins, Morrow & Co.
L
Hirsch
&
Co
Norfolk
Johnson,
and
100,000
Webster & Gibson—.
750,000
——
Investment Corp.
Weil
-
—
*
Arnold——.*-
-
Edward D. Jones & Co.
100,000
100,000
Inc.—
R. H. Johnson & Co
>;
Kalman & Co., Ine._
200,000
Kean, Taylor & Co.-^.—
Thomas Kemp & Co.—
Kinsley & Adams
750,000
200,000
John Kormendi Co
163,
400,000
150,000
150,000
500,000
250,000
■
The
"—^
of. 2ft
the
had
The
The
.
the
court
to submit
the
to
vote
of
its
secured
a
previous
share for
also
has
Robert L,
Smith
arid
Morri6
of
1.15
view
new
1,157,147 shares
share
Bales
the
s
163, p. 949.
1
to
been declared
holders of
April
2,
1946—Month-^1945
the
and
paf
no
March
Oct.
1,
20.
2Q
■:(
$10,632,588
1946—2 MoS.—194$
/
$8,804,780 $21,206,302 $18,053,471
.
creditor, to
which
will
be
shares
issued
to
of
James
Net
Other
and
and
officers
representatives
B.
--
Int.
profits taxes——
350,100
674,340
$2,285,269
Income
1,695
and other
....
deducts., incl. special charge—
income
$2,268,26$
928,510
»;
.
466,518
,
—V.
designated: by
$896,389 :
*
163, p. 357.
'
of
Realty
470,01$;
$869,730
.
.
Washington Water Power Co.—Earnings—
:
stockhold¬
counsel
for
-
March-
8' approved
an
incorporation which,
50
share
cents, into
of
one
amendment
among
v
Period End. Dec. 31—
Operating
Operating
Federal
to
the
other things,
cor-
Other
has
outstanding com¬
common stock,
par
Net
Other
$1,047,083
expenses
369,681
Cr598,070
taxes
taxes
oper.
1945—12 Mos.—1944 '
$1,011,002 $11,614,610 $11,377,661'
393,109
:4,130,860
4,247,608
107,895 ,1,215,437 'T,479,843
122,248
—
82,079
1,234,376
84,168
84,168
1,010,000
$1,069,056
$343,751
$4,023,937
v: 3,609
3,415
82,541
37,240
$1,072,665
$347,166
$4,106,478
$3,578,769*
1,098,679.
reserve
revenues-^-
income
Gross
1945—Month—1944
revenues
Property retire,
appropriation
presently
share of
(Excludes for entirei period i; results of -Operations1 of Spokane United
Railways, a wholly owned subsidiary, whose transportation
properties were sold to non-affiliated Interests as of
t
July 6, 1945)
(net)
income
of, said stock for each share of common
Interest on mtge. bonds
55,650
64,167
of record at the close of
business on March 11
1946
will
Other int. & deductions
7; 32,139
23,198
by the corporation's transfer agent on
March 20
1946
<"■
v
The Committee on Security
Rulings of the New York Curb Exchange ^
Net income
•
S984,876
$259,801
has supplemented its previous ruling of March
2
1946
and now rules
'■
Dividends applic. to pfd. stk. for period
that the common stock be quoted "ex" on
March 11, 1946
the above
j
mailed
—
distribution.
Drl7,002
$2,467,739
1,104.832
tl,362ld07'^ $1,339,749
*
Dividends on: preferred tsock;
three
854,675
stock¬
amendment
stock
912,533
operating.revenues—$2,466,044
Net
Moore, Vice-President
Vice-President and Secre- f
Henderson,
"
50
'l16/0!.
held
—
Gross income
-
Cqrp.—Stock Reclassified—
value
taxes
Balance'
directors
913,89$
932,378
832,565
137,520
•
Prov. for Fed. inc. and exc.
Sheraton Corp. designated Ernest
George B. Henderson, Page Browne, S.
J.; Minot; the
investment
banking group
reclassifying each
par
General
(
1945
906,892
.
the trus¬
each
for
1946
$14,312,672 $14,200,077
8,824,693
8,421,847
Prov, for oper. chgs. defd. because of war cond.
claimed
Sheraton
January 31—
Depreciation
that
common
Months Ended
Maintenance
pre¬
cents, and l/25th share of $4.20 non-cumulative second
pre¬
(formerly designated as class A stock).
was
filed and became
effective March 8.
The S
certificates for the $4.20
non-cumulative second preferred stock in
be
on
record
2
Washington Gas Light Co. (& Subs.)—Earnings—
12
ferred :stock
Such
April
follows:
involved.
certificate of
stock,
value
'
as
Operating revenues
Operation———.
basis.
approved
stockholders.cn
effect
mon
payable
were
*
—V.
Moore,
Natelson,
United Stores
Corp.,
plan
and
rate
Treasurer, ? and George
tary.—V. 163, p. 356.
Hudson Power Corp., one share
lative second preferred stock, series A, of the Niagara Hudson Power
Corp., and one common share of the Public Service Corp. of New Jer6ey.
j^5'
v
If more than
750,000 jshares. including 606,620 of the shares now
held by the United Corp., are tendered for exchange, a pro rata dis¬
tribution will be made but UGI will accept for exchange at least one
unit of 10 shares of its capital stock in every case where a stock- -1
Jholder tenders one or more units,
not Intend
the
and
The
year
Walgreen.Co.—February Sales 20.8% Higher-
-
for payment of about $2,290,000
as
its
^various-; interests
poration
25 cents per share has
stock,
last
Period End, Feb. 28—
of three
instead
$2,477,525 for such
pay
designated Mr, O'Conncll and Daniel W.
Blumenthal,
the protective committee.
yErnest 'Henderson. ■ is tori be
president; Mr;
Under
does
preferred share,
ers
,
company
at
una
designated
change, are to be obtained from UGI's parent, the United Corp., which
owns 606,622 shares or 26.2%
of the capital stock of UGI.
yhe
each
banking group will
reiterated
held;
Henderson,
quire up to 12,000 shares of the common stock of the American Wa¬
ter Works & Electric Co.,
Inc.
These shares, needed for the ex¬
»
The
National City Bank
filed objections.
holders
company's plan to exchange its portfolio holdings in four pub¬
companies for shares of its outstanding capital stock
'T- was approved March 13 in a unanimous ruling of the SEC.
/
.
:
Simultaneously the Commission sanctioned UGI's- proposal to ac¬
Niagara
shares for
common
court
shares
common
July
cents each; and Dec., 24, 40 cents—V.
162, p; 611;
and for acquisition by
the reorganized
the two debtor companies and of Sheraton.
company is to be known as United States Realty-
shares.
stockholders
The
the
trustee, Pittsburgh, Pa., or, at the option of the
Guaranty Trust Co. of New York, 140 Broad¬
160, p. 232
the
at
con¬
„
lic utility holding
of
order
Trinity Building Corp.
is insolvent and that, therefore, there can be no participation by the
preferred stockholders of Trinity: bondholders of
Trinity and debenture holders of Realty are to be
paid principal and interest in full.Upon consummation of the
plan, the reorganized company will
have outstanding
capitalization of 99,100 preferred shares and 1,544,538 common shares, of which
345,000 shares will be issued to Realty
.
*
shares
Pittsburgh,
thereof,
Payments
Realty,
second change provides
Abbott
10 common
of 5%
cumu¬
an
Merger
first
common
United Gas Improvement Co.—Exchange Authorized
Southern
by which the maturity date of any.
anticipated or accelerated by the call of
Payment will be made at the Union Trust)
is
Wagner Baking Corp.—25-Cent Common Dividend— '
value
—
ferred shares and 42.39Q common shares in addition.
,
&
thereof
redeemed
A dividend-of
by the court, the plan contains two modifications!
provides that the 99,100 preferred shares to* be sold to an
investment group headed by Lehman Bros, shall be convertible
at the
arranged to l/borrow $3,500,000 from the: Chase
New York, Bank of the Manhattan Co.,
Commonwealth
of
holder
confirmed
The
and Continental Illinois National Bank & Trust Co.
the
States
reorganized
As
to the company's Buckheart washing plant.
The balance of the loan
in increasing reserves of coal at the other mines of the
company.—V. 163, p. 1203.
a
.
'
of
be
way, New York, N; Y.«^-V.
Sheraton Corp.:,
of the City of
shares
to
:
of the assets of
company
$81,602,000
provisions of the plan, UGI will exchange for each unit of
10 shares of its capital stock, up to 750,000 shares, the following se¬
curities:, One common share of American Water Works & Electric, 12
major fraction
so
Co.
•
Judge John W. Clancy on March 13 entered
rate
-—-
or
note
redemption of such note.
«
financing plan, the committee asserted, "must eliminate the;
United
into
will be spent
common
year
new
nell.
of Chicago, at 2 Vrfo interest with serial maturity over six years.
Of
$3,500,000, $500,000 will be used to open a new mine in Kentucky
having an annual capacity of approximately 300,000 tons, - This mine
will produce a superior grade of stoker coal for Midwest distribution.
$700,000 will be spent in building a washing plant at the Cuba Mine
Which will save the freight and handling charges of shipping this coal
by SEC—
a
■
firming the joint plan of reorganization of the company and its sub¬
sidiary,
the Trinity Buildings Corp., proposed by James J. O'Conas trustee. \
v
The plan calls for the merger of the Sheraton
Corp, of Boston,
.
this
,
,
4
$71,14$
:
The corporation has called for
redemption on April is next all of
its $1,400,000 outstanding collateral trust 5% serial
notes, series
due Jan. 1, 1950, and series "L," due
Jan, 1, 1951, at 100 and inter¬
est, plus a premium of one-tnird of 1% ' of such principal for each
"greatest period of building activity which this country has
Federal
The
has
comuany
•
committee, comprised of Wesley J. Peoples (chair-
United States Realty & Improvement Co.
Upheld by Court-
by
The
'
plan into effect.
$66,880
(The) Virginian Corp.—Calls 5% Serial Notes—
shares
.
150,000
tee
Bank of New York,
preferred
1—
bad features
United Electric Coal Cos.—$3,500,000 Bank Loans—
National Bank
the
4,624
and 24,662 preferred
each.class of stock was
of
of the present plan which has been so
decisively defeated.
It is the sense of the stockholders that
only orthodox financing and
standard practices should be considered in the future."—Y.
163, p. 1036.
150,000
100,000
'
put
seen."
The new
1292.
p.
to
pending
100,000
Harold E. Wood & Co..
Woodard-Elwood & Co.
'
and
shares
common
plan "may now be developed which will look forward to
corporation's important position in the industry" during the im-
ever
250,000
400,900
46,076
financing
200,000
250,000
100,000
Laird, BisseU & Meeds-
and
man); Col. Charles W. Miller and R. W. Ballantine, stated that
200,000
Wurts, Dulles & Co
F. S. Yantis & Co., Inc.
Yarnall & Co.——
:
plan
stockholders'
The
260,000
150,000
100,000
200,000
—————
Inc.
125,000
—V.
.
the
required
100,000
125,000
White, Hattier & Sanford
——
;
200,000
Space
Lane,
&
against
Wheelock & Cummins,
of
—
Co.,
The
shares;for, it., Approval of two-thirds
200,000
100,000
200,000
Wachob-Bender Corp—
100,000
.
management
and
opposed
by
vote was 132,281
common
shares
profit
-Y, 163; p. 823.
a special meeting held
In Buffalo, N. Y.f on
rejected the plan of recapitalization and refinancing proposed
a
Stockholders'
Committee.
1
the
this
Incorporated
Stlx & Co
Walter Stokes & Co.—
Sutro & Co
;
Sweney Cartwright & Co.
Thomas H. Temple Co.
' Thomas &> Co,-—-—Townsend, Dabney &
Tyson
—
Hawkins & Co.>
Inc.
100,000
100,000
100,000
500,000
Stern Brothers & Co—
Stifel, Nicolaus & Co.,
Graham, Parsons & Co.
Green, Ellis & Anderson
Greenman &
J
March
by
Net
stockholders at
The
500,000
100,000
.
NebMarshall--—
Freeman
M
of
Trust Co.
First
Lincoln,
■
152-552
Jnc.—
Chas. W. Scranton & Co.
Seasongood & Mayer—
300,000
Robert Showers——
Sills,
Minton
& Co.,
150,000
Incorporated
—200,000, '' I. M.' Simon & Co.——
The Small-Milburn Co.
100,000
Smith, Moore &,Co.—
200,000
California Co
Cleveland
First
The
United States Radiator Corp.—Plan Rejected.—
<
1,010,0001
$3,541,529*
732,811
770,000
291,151
396,983:
$3,082,516
$2,411,785
622,518
622,518
$2,459,998
$1,789,26$
-v-';:;;-
Balance
The
present preferred stock, of no par value, is reclassified into one
share of preferred stock, of no par
value, and one share of class A
-
—V.
163, p.,
823.
-
[Volume
163
Number 4473
THE COMMERCIAL & FINANCIAL CHRONICLE
Ward Baking
Co.—Common Dividend of 15 Cents—
The directors
on
the
•1.37V»
both
Ct
per
$1,37%
1
common
declaied
par
$1,
stock
and
was
National
a
War
Dec, 28, 1945, and an initial
Jan. 2 last.—V. 163, p. 1075.
on
on
will have participated
company
——
Gross
income
Expense
at
cost to the company
a
*
689,168
539,833
taxes—_
1943
$75,172,256 $74,871,331
534,378
427465
420,474
340,694
$107,904
$86,471
$7.34
$5.18
$4,15
with
ferred
able,
Park, Boston, Mass.
LIABILITIES—Notes
and
(secured),
$7,145;
good
automobiles,
faith
$1,498;
de¬
In
payable
payable
(secured), $3,324,000; loans
(unsecured), $139,591; provision for employees'
profit-sharing
$31,390; due to customers (secured),
$12,700; accrued expenses
and bonuses,
$129,976; dividend payable Jan. 15,
1946, $20,356; proVision for Federal
taxes, $70,395; securities due td customers (at
market value), $2,238; common
stock (20,356 shares, no
par), $607,120;
Surplus, $377,980; total, $4,715,746.—V.
162, p. 2688.
trust,
Total
income
Provision
Prov.
—
$2,615,064
]
" $2,766,817
period.—
Preferred stock dividends
paid—
common
Equal per share
NOTE—In
on
common
addition
timber
31,
from
to
Net ry.
$880,286
....
to—
sales
1946—IJonth—1945
$3,225,000 $1,819,000
3,415,000
1,505,000
Combined
sales—...
$6,640,000
and
1945,
these
$2,189,232
859.991
606.333
income—
316,421
283,382
241,578
company
action
1,531
.registered bonds, would
"through March 28 in connection with
on May 1 of
$5,000,000 of these bonds.
During
versions
It
is
this
to
stock
expected
fconds
closed
which
or
that
are
period
issues
■
m
called
for
ceive interest *frora Jan.
principal
Except
Amount
of
for
l.
forthcoming
In
be
March
to
29
bends.
PURPOSE—Initially,
poses
were:
its
January—
from
are
1946
,
14
Net ry. oper.
•-V. 163, p.
proceeds
of
the
used
*
:
.1945
and
changed
into
stock,
of
159,689
42,045
350,000
(-(
ing, is
income
24;345
48,130
949.
The directors
on
March 12 took
no
J&ly 18, Oct. 15 and
Dec.
ters.-
capital
on
15^lastr year, and
this
in
stock,
follows:
as
issue
on
issue
•>
par
April
preceding quar¬
Pfd.
(par $1).
stock
shares
New
,
board
this company.
Mr.
5%
-r
-
.
also
City Bank of
of
directors
of
President
and
director of
Deposit Co.;
national
President. General Manager
Banking Corp.;
President
and
the
and
National
director
of
City Safe
the
Inter¬
director
of
National
City
Foundation, and director of the National City
Realty Corp., American
Bemberg Corp. and North American Rayon
Corp.
He is a trustee of
the East River Savings Bank, v..,
;vVr,
_v(/ '.-///
1
stock
the
of
new
The
sented
compahy is
now
paying retroactive wages
by the' Ahierlcan Federation of Labor, and
cision
of'Hbe •%ompahy.kt'>
Units,
it
was
announced
on
all
employes
March
12
by
not
In
Joseph
to
;V"
\\:/«.
employes. repre¬
by special de¬
also,
colle-tive bargaining
L. Egan, President.
annual
meeting
and * that
rights
of
to
-
; (
v
March, if#
on
merely to effects
stockholders would nob-
of
p/v'
'
.
■:/
:// (-'V;*
Year—
$1
par
+1945
328,542
301,477
270,158
5,687
1941—.
173,555
156,711
:
claims
the
on
of
BUSINESS—Company
by
the
armed
System' (AACS)
commercial
and
operating
Wilcox
38,163
and
and
ft
1,850
1,278
of
through Brazil
and
from
equipment
the
an
office In Rio
CortiDanv
company
of
the
mav
may
out the- world.
used
including
Air
ic
it
"$860,502
77,563
1,026,364
and
defense
/.
'V
'
profit
1944,
f
17,855
893,676
204,862k
880,508
1,335,660
5,112,'258*
j
'
/',
.
SELECTED BALANCE SHEET ITEMS, DEC, 31
ITEMS—
ASSET
in
1945
,
bonds,
other
&c.,
and
Net
bal.
bills
debits—:——
310,185
—
and
conductors
V-J
both
Day
In the
acquired
a
supplies.;
a
through
681,150
/■
in
1945,
Accrued
accounts
Other
accounts
throughout
on
the
the
establish
offices
423,600"
11,667
305,41ft
2,879,753
6,338,541
395,099
liabilities—
U,66rr
303,005
payable
liabilities*..—
current
64634T
S.
Government
$6,381,187 $10,571,020"
'
taxes...
/
....
1,741,555
5,084.51ft
1,138,198
1.254,02ft
2,238.82ft
series*
of
$240,369.—
V. 163, p. 949..
(L. A.) Young Spring & Wire
Corp«vSy)bs.)^-Earns.
1946
1945.
•
■ 1944
profit
;"$1,816,379
$2,553,450 ^$^1,489,013
Selling, shipping & ad-'
♦
shipping
ministration
422,197mo v 645,615ns <567pl39
exps
6 Months End. Jan. 31—
..1943
$1,096,362
...
Gross
Navy
Operating
profit
t$2,238,576?
..
.
-394,218
Federal
etc.
;
...
income
Net
"Gross
loss
after
t$46,274
Nil
deducting
$63,000
"b*" J',
"
136,66'/?
280 68m#
$510,424
$744,235
$1.25
being
—
$353,781
? $1.82
portion
of
$0.87^
reconversion
charged to reserve. tLoss.' tRefund of prior year's incom»
and excess profits taxes due to carry-back of loss and unused excess
expenses
Supplies
profits tax credit
NOTES—(1)
Jan.
there
31.
basis of
(less Canadian income tax).'
:
"V
The provision for depreciation for the six months ende«t
1946 amounted to $216,853; -1945,
1943, $264,233.
ada, Ltd., and
America.
(2)
its
$262,843; 1944, $232,246 and
The operations of L. A. Young Industries of Can¬
subsidiary, have been consolidated herein" oil'-tho
the official rate of exchange prevailing during the
six -months*
period. Such operations resulted in a net loss of $10,859 in T946,iand 1
throus-h-
prospective purchasers located in Europe and the Orient, but thus far
profit
Earns, per com. share..
of
expedient to esiaousn ornces eisewnere tnrougn
37,977 f«o;» 112,357^ -134,831
A4;
68983*"
$771(133*
taxes—tCr2,060,034398,46861 2;139,189
.
airline
-
....
t$2,068,331.i($2,021,2491"$3,018,255
Income
to
Inquiries have been received from time; to time from
it'.Cv
.'•< Wi'l
for
$702,141#
$1,907,841 b;$2;922>474
170,243anNi T13,40?T-><).0SrS5,782
Other income
Total
call
station
plsewhere
423,600
manu¬
amount
South
462,35»'
J
accrued
equipment
Defense
$738,794*
1,640,29ft-
283,406
payable-
Analysts of accrued tax liability;
and
Airways
American
-
23,203
$11,173,559 $11,590,22ft*
—-——
current
Total
^
to
9"
2,794,816*
"275,617
unpaid
interest
accrued
Interest,
and
887,224r
9
278,635
—-
assets.,
matured
Unmatured
Continental United
the
6,463,22|t
—
dividends receivable—^^—«.
receivable....
current
Interest
Command
for
substantial
962,63»
$478,803
and, dur¬
Army
company
South
420k
494,309
9,104,478
and
agts.
75,58ft
310
airline
the
t" i
the
'v
383,10ft.
65,388
...—
Kansas
the;company
to
-Z-
3,749,613)
282.49L
.
273,663
receivable
from
receiv.
••
than
—
Loans
t
3,222,691
in
by
1944
/
$651,341
stocks,
unadjusted
ended
principal products for sale
equipment
to
970,9681
719,234
Cr860,340
pro).
1,605,854
electronic devices and
plans of
its
company
expedient
$1,554,33ft
7,969
months
Transport
equipment
radar
de Janeiro, Brazil,
(company's
find
una
of
Miscellaneous
engineer to provide technical and engineering assistance and advice
to:users
"$451,378
129,117
equip.
SELECTED tlABUblTY ITEMS—
Corp.
The amount of Wilcox equipment purchased by that and other
airlines operating in South America prompted the company to estab¬
lish
1,0521
$3,617,712/ $4,324,005*
2,769j66J*
2,757,210
234,188
"$135,700
and
"Deficit.
U.
t6
communications
In addition,
present
to
;("(':;
•"
"$217,190
/:
229,742
Special deposits.......
9,585
.
of
Incorporated
was
the
and
other users,
Prior
elsewhere.
in
$94,042
income
Taxes
Vt
advisory services relative
manufacture
airlines
•:
X %' %• v
3,749,306
30,707
ended June 30,
forces,
also manufactured
the
/ *.
"
period,
continue
j.;
Cash :
61,380
;
contracts.
factures air-borne and other related radio
to
fixed
charges—
Investment
162,916
renegotiation
year
war
Department, Bureau of Ordnance.
it
for
fixed
Net
Net Inc.
192,011
740
1,086 (
account
radio' communications equipment
provides engineering
avail,
1,029
60
on
Income
1,964
:
3,444
39,820
to and including
Company
:"r-:
;
.Expenditures (gross) for additions and better•?
Business is principally the designing and manufacturing
war
.
Other current, assets...,
442,117
1
2.855
•
industry for ground-to-air and point-to-point
the
$94,082
accounts
'"'if1:'
of custom-built
: $4,325*05^
•—
40
SELECTEE
51,229
347,572
July 8, 1939.
$3,618,741
;('^\\.t
,
income..—....
$50,120
1942
.HISTORY AND
."$217,130
.V i
,
and
145,000
40,462
up
$4,268,574*
56,483*
Accrued
$45,000
86,612
on
1944
93,108
Interest
81,100
44,674
termination
1945—12 Mos.
$3,525,633
7,830
Materials
$40,781
71,606 "
contracts
ITEMS
Or3,472
357,000 shs.
86,011
7.0S8.253
including
ACCOUNT
income—^———
Amort,
giving
$26,297
1,849,279
war
INCOME
1945—MOnth—1944
Federal income taxes
offering J:
Outstanding
Taxes
Expense; /
7,861,507
refunds
715,244
•
'$224,960
Total
Interest
Amort.
5,486,087
50,894
1,426,74T'
'
■
$97,554
tures
YEARS ENDED JUNE 30
2,187,808
deducting
$3,334,7986
income—.
oper.
ry.
5,800 shs.
1943—.
"After
Z//I943Z-/Z
1944
Deprec. (way and struc¬
12,000 shs.
1944
1940—
1945
" 144,502
Other
and
Exps., Etc.
5,849,429
"
1946
charges
common
After
f
EARNINGS,
$2,605,640 $2,443,441
1945—
Z
.
775,876
outstand-;
value
500,000 shs.
Cost and
Sales
v
$2,588,719
Total
\
,
1946 series..
•
1946—2 Mos.—1945
866,788
Deprec.
"Net
1946—Month—1945. Z
.$34,376,474 $31,516,923 $66,978,928 $62,993»32!)«
pur*:
giving effect to the present financ¬
*
(par $1)
SUMMARY OF
an
Pays Retroactive Wages to Employees—
their
at
$2,705,968
concurrently reclassified
*
is
vote
136,784
•;
Authorized
pfd. stk.,
cum.
States
Brady
and
Hemphill,: Noyes* (te Co.-—
•
iZ - C -
/• .^ments •(road)..,...:
POSTWAR BUSINESS—The
Gage. Brady, Jr., President of the
National
York,, has been elected a member of the
by
$1,808,702
Inc.
td
added
The previously
were
stk., issuable in series ($50 par)
Common
/
William
will
income
1
,
,
mentioned and the installation and use thereof.
New Director—
be
will
toy general corporate
Class of Stock—
(ATC).
no
of
Business
$225,000,
rallway.___
Total
:
Communications
action with
respect to the dividend
ordinarily declared at. this time on "the class A
value: Distributions of 50 cents each
were made
American
at
railway-.
Net ry. oper. income—.
*
Deficit,
stock at $3
sale of the
ing
Western Union Telegraph
Co.—Omits Dividend—
from the sale
100,000
shares
,
simplification"
from
%,x;i'.V
common
effect to the
$433,870
201,288
58,456
estimated
(
'
•
•
from
Other
/
1943
$446,067
164,690
preferred and
indebtedness to
offering-
The
; /
,
stock
common
The capitalization of the
company,
"
1944
$474,379
38,041
share.
the company
expenditures
-January-/
Net
in series, each of the par value of $50, and
common
(no par)
'
16,
issuable
preferred stock,
500,000 shares of
redemption
;
$338,043
all
pay
by
group/ is /headed
——
Gross
■
of
Alabama—Earnings—
."
to
capital
SELECTED
1946, the articles of incorporation
change its authorized capitalization from 1;000 .shares
amended to
Dec. 31.
railway—
cumulative
used
for
Period End. Dec. 31—
par) common stock, of the stated value of $10,000, to 12,000 shares
(no
the
Gross from railway--—
the
;.p
Miscell. deductions from
,
conversion of any series A
income bond, whether called or
takes place after the transfer
books
are
reopened on
March 29. the common stock
received on such a conversion
will not
be entitled to any dividends from
1945
income which
may
be de¬
clared at the board
meeting now scheduled for March 26 and such
stock will be Imprinted with a
legend to that effect.
Since it IS the
company's practice to pay common stock dividends
quarterly, such
stock would be in a restricted
class as to
delivery in market transActions until after the last
quarterly dividend record date, which would
be Feb. 1. 1947, If the board of
directors declares a common
dividend
payable in the same manner as last
year.—V. 163, p. 1330,
Net
the
deemed advisable.
as
called,
Western Ry. of
/* .!
.
affected.—V, 163, p. 1204.
Net
to employees of the company.
working funds and thereafter will be
If the conversion was
completed prior to the closing of the transfer
books in New York March
13. 1946, the common stock
received on
such conversion will be entitled
to
any dividends declared
on
com¬
mon stock from 1945
income.
A dividend of $3
per share on the
common
stock was declared last
year from
1944 income.
The direc¬
tors are scheduled to meet
March 26 to
consider, among other mat¬
ters, any dividend action with
respect to 1945 income.
If
with
Yazoo & Mississippi Valley RR.—Earnings—
M
during which the transfer books are closed,
the income bonds are
convertible into common stock at
any time on
the basis of two shares
of
stock for each $100
principal of bonds
surrendered, but bonds called for redemption
may not be converted
After April 30.
1946.
Bondholders who convert to stock
prior to
May 1. 1946, will receive $4.50 on each
$100 of bonds as interest
rfrom 1945 income of the
company.
not
"
received
be
Period End. Feb. 28—
Transfer (agent, City National Bank and Trust Co.; of Kansas
City
(Mo.).
ZfZZ >Z
redemption.
Bonds so redeemed will re¬
1945, to May 1, 1946, or $6 for each $100
V
statement
registration
a
—V. 163, p. 1076.
V;.'
period
the
be
stockholders
Sales
CAPITALIZATION^--Oh Feb.
holders
filed
8
■'/:/('v; V 5/(v/(
-/
charter
;
exchanges, con¬
of scrip can be made.
mailed
Chicago—Registers With SEC—
■
period of four days beginning with the date of
addition, company is offering 1,200 shares of
share
per
transfers,
consolidation
will
will
Corp.;
'.*Vj
(
■
/••
ing 1,000 shares
Issues,
no
on
notices
the
of
/
a proposal to
reduce the company's capital by $10,515,742, through,
elimination of all $6 cumulative preferred stock in the company.
The:
directors said the proposed procedure was "designed
be
to its employees for a
on
8 announced that transfer books for
income bonds,
series A,
all of which
be closed for the
15-day period March
4%%
500
holders
to
Wilson & Co., Inc.—To Reduce Capitalization—
Of the above units, the company, has reserved the
right to. offer 500
respectively,
March
on
mortgage
.■;v>
a
stock.
Western Pacific RR. Co.—Closes
Transfer Books—
The
?
285,951
stock, in units of one share of preferred (and warrant
right appertaining thereto) and one share of common at
$51 per unit and accumulated dividends on
preferred;
the dividend for the
first quarter of 1946 which
ordinarily., would have become payable about
March 30.
It was announced that
this was because the
company is
presently operating at a loss as the result of
substantially increased
•costs with prices under OPA
ceiling at about the October, 1941, levels.
Quarterly distributions of 50 cents each were made in
past years, and"
tip to and including Dec. 31, 1945.—V.
162, p. 1932.
general
950,635
.
ing 5,800 shares of 5 % cumulative preferred
stock, 1945
Western Electric Co.,
Inc.—Dividend Action Omitted—
no
dividend
preferred is $25 per
will be tiled by amendment.
proceeds to
shares
of
5 r/o
The
^
March 12 took
stock
price of the
Thi ' underwriting
V. 163, p. 1330.
$2,165,136
$1,855,328
434,134
public offering.-
on
'V:
of
stockholder.
a
common
i
series (and non-detachable common stock
purchase war¬
rants appertaining thereto) and
5,800 shares of common
were
20%
a
April 25.- -V. 163, p. 1075.
on
increase working capital.
1943
1944
1945
shares
net
Credit
Wilcox Electric Co., Inc.—Stocks Offered—A
group of
Underwriters headed by Baum, Bernheimer Co.
is offer¬
$7,040,000
dates
:••:/( 500
500
(F. W.) Woolworth Co.—February Sales Rose 9%—
$3,908,000
3,132,000
$3,324,000 $13,899,000
Retail
The directors
The
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as. possible,
i./!
1946—2 Mos.—1945
units in operation at Feb.
28, 1946
^ere 235 and 239, and
wholesale accounts on
and 1,482.—V. 163,
p. 1330.
?
the
+v"
qf
by
price of thq
$0.41
$6,575,000
7,324,000
declared
March
on
60,000
(f( The offering
NOTE—-For
the
_
...—
5%
cumulative preferred stock ($25 par*
with non-detachable warrants, and
120.000 shares of common ($1 par*.
the total shares covered 13,266
preferred and 20,000 common are
possible
$367,544
$0.98
...—
500
.......
Of
order.
stock
company
for
being sold
charge
In
$1,590,470
oper.
$538,738
171,194
166,785,
500
500
/Z 500
u..—
on
Western Auto, Supply Co.—Sales
Gain Sharply—
Retail
SEC
—V, 163, p. 823.
company's
Period End. Feb. 28—
"Wholesale sales
office
that
railway.!.;—
Net: from
credit
the
in
'1946
((//(;Z:,,v' ■
Gross from railway—(-
above, there was a non-operating and
to surplus of. $237,913 from the sale of
mature
land during the three months ended Jan.
1946.—V. 163, p. 949.
mon-recurring
continues
have
15, to be paid
Wilson Brothers of
The
and marine activities of the new divis:on.-/V. 163, p. 823.
(January—
$1,047,071
stock....:
500
Corp.....—li.—
'
division..of. Westinghouse Electric Corp.
Sturtevant,
of
directors
common
$2,160,630
921,892
700,000
849,746
870,000
for
Balance for
f
^
Wheeling & Xake Erie Ry.- —Earnings—
$2,098,389
62,241
151,753
deprec., depl. and amortization.
Federal income and exc
prof/ taxes.
profit
his
C.
President
-
....
....
The
Derry, formerly Vice-President of Sturtevant, has been elected
Vice-President and General Manager, while E. B. Williams, also
Vice-
1945
depreciation,
___
for
for
Net
.;
1946
1,000
—
and: Co...../——
record April
set-up Mr. Price becomes President of Sturtevant
Westinghouse post.
He announced the election of
new
to
Sturtevant Company,
(& Sub.)—Earnings
31—
before
depletion and taxes.
Other income
(net)
the
„
46.734
West Virginia Pulp &
Paper Co.
Three Months Ended Jan.
Profit
from
operations
'%
2,300
/
Wiilson Products* Inc.—20 % Stock Dividend-
.
power
""
1
Estes, Snyder & Co.* Inc....
( Lucas, Farrell &
Co.—
L.
G.
(
Columbian Securities
Seltsam
pur¬
Shs, 'Com. Sha.
1,000
The
Spray, Vice-President in charge of the Westinghouse elevator
end
air-conditioning
divisioh's at Jersey City as Executive VicePresident
of
the
new
organization which is known as the B. F.
„«
to
2,300
Co._......
Beecroft, Cole and Co—
City,
Jersey
addition
Ellis
drafts
from
Under
prepaid
agreed
'r
Baum,: Bernheimer Co,-.....—...1
air-conditioning division which has been trans¬
N. J., to the Sturtevant main plant at Hyde
the Westinghouse
$4,454,047; inventory
and
have
Prescott-Wright-Snider»
aenieve this the manufacturing and engineering facilities of the.
F. Sturtevant Co., purchased last September, are being integrated
B.
underwriters
'■
approxi-
of
several
chase the number of shares below set forth:
r*f\
a
—
relatively small amount of its equip¬
Presidenfcfc&V,/^^
Price,
::
$37,918; due from customers
posits, $12,750;
furniture, fixtures
expenses, $30,696; total, $4,715,746,
»-»•■*
( Faculties for production, of the first complete Industrial and com¬
mercial air-conditioning systems to be wholly engineered and manu¬
factured by one company were announced on March 12 by Gwilym A.
SHEET, DEC, 31, 1945
$163,023; inventory (at market, $3,559,565
pledged), V
(at book value), $8,670; accrued interest receiv¬
ASSETS—Cash,
*
•
a
other than td South America.
use,
UNDERWRITERS—The
ing Units—
BALANCE
.
has exported but
ment for commercial
Westinghouse Electric Corp.—Merges Air-Condition-
•
$149,335
share—;
/•*;'/. //;/./,"-Vf
per
--
1944
;i-»i.-.-^>.U--$106,165,774
Net Income
Earned
■
the company
also
;
1945
...i..—
and
retroactive wages
whether there is any ambiguity in one section of the award.^; /,
When payments have been completed over 61),000 employes of the
f
Weeden & Co.—Annual
Report—
Calendar Years—
Sales
decision
Labor Board
dividend
a
the
paid
the preferred stock
on
Under
were awarded
to Metropolitan Division employes at New York City,
of 15 cents per share
regular quarterly dividend of T ' represented by the American Communications Association, CIO. These
the 5 Va% cumulative
payments, however, have been held up by the recent strike called by
preferred stock, par $100,
to holders of record March
tfte
ACA against the
award and by the pending arbitration as to
18.
An initial of 15
on
April
the
on
March 7
stock,
snare
payable
cents
on
common
1485
_
ofJt of $27 467 in 1945, 557.400 in 1944. and $3,91fri;int 1043,
aftPr appropriate translation of Canadian assets and liab,lities.-t-V;ol6i\
net
p. 3241.
<-
7
:
^FINANCIAL CHRONICLE
THE COMMERCIAL
State and
Mondayj March 18, 1946
City Department
BOND PROPOSALS AND NEGOTIATIONS
Bond Sale—The school
168,
p.
1205—were awarded ;to
syndicate composed of the Union
;
Securities Corp., R. W. Pressprich
& Co., both of New York, Marx &
Co., of Birmingham, E. H. Rollins
& Sons, of New York, Martin,
Burns & Corbett, of Chicago, First
National
Bank
of
Birmingham,
Singer, Deane
&
Scribner,' of
Pittsburgh, and'William R. Compton & Co., Inc., of New York, at
a price of
par, a net interest cost
of 1.2646%, as follows: For $720,000 maturing April 1, $140,000 in
1947 to 1949, $100,00Q in 1950 to
;
y
and
/,
*
CALIFORNIA
;
Contra
Bondl
.
,
.
'
Francisco, and Blyth & Co,,
price of 100.0005, as follows;
$40,000 maturing $10,000 March 1,
1947 to 1950 as 4s, $140,000 m-!
turing $10,000 March 1, 1951 to
1964 as 1 Yi s, and $20,000 matur¬
ing $10,000 March 1, 1965 and
1966, as Is. Dated March 1, 1946.
Denomination
$1,000.
Interest
at
-
a
M-S,
Other bidders
X-;.
American Trust
Sazi
For $200,000, 1.% s -—100.413
(Net interest cost 1.4606%.)
El Centro, Calif.
v;
Offering1—Irvin
Clerk,
in
Maupin,
will
be bid,
for
1%.
Not
No bond shall bear more
interest
one
No
rate.
bid
part of said bonds will be
considered.
Chemical Bank & Trust
than phr and accrued interest to
date of delivery.
Principal and
interest payable at the City Treas¬
.
Hallgarten & Co.,
Co.,
Hutzler,
urer's office.
Co., Kansas City,
& Co.,
Pohl
Wm. J. Mericka &
Co.,
Peoples. National Bank,
Jan,
First of Michigan
(Net interest cost 1.3090%.)
First
First Boston Corp.,
National
cessful
The opinion of
on
OMel-
bidder
at
suc¬
or
,
'
of said
tender
the
Angeles County Sch. Dists.
(P. O. Los Angeles), Catif.
Bond Offering—J. F. Moroney,
bonds
by
the
City, be relieved of his obligation
under the; contract to .purchase
the bonds and in such case the
will receive, sealed deposit accompanying his bid will
10 a.m,,on
March
19
be returned.
The approving opin¬
purchase of the following
bonds amounting to $824,000, not
Orrick, Dahlquist, Neff,
Brown & Herrington, of San Fran¬
exceeding 5% interest:
cisco; will be furnished
chafer without charge..
$800,000 ; Excelsior' Union High
School District bonds.
Due
March 1, as follows: $35,000
in 1948, and $45,000 in 1949
^ to
24,000 Sulphur
Springs Union
of
ion
1963.
which the City would
of interest
>4
.
be required to pay from the date
1, 1946. Denomin¬
ation' $1,000. pate of interest to of the bonds to the respective.mabe in multiples of Y\ of 1%. Prin¬ turity dates at the coupon rate dr
rates specified in the bid, and the
cipal and interest payable at the
Dated March
award will
be made
be sold for cash only and at not
than
less
par and accrued inter¬
Each bid must state that the
est.
bidder offers par and
accrued in¬
terest to the date of delivery, and
state separately the premium, if
aityx and the rate of interest Of¬
the
be
shall
cost
computed between
according to
bond
standard
rejected.
be
will
to
Enclose
a
cer¬
to
the date of delivery.
reserves
the right in its
of said bonds will be made to
Board
of
County,
Sulphur
Springe Union Sch Dist. (P. O.
Angelee), CaifiL.
Los
al
City.
La
Kingston,
awarded to the William
were
R.
Staais Co., of Los Angeles,, a® 2s»
at a price of 100.712, a basis of
1.925%.
about
The
next
highest
bidder was the American Nation¬
,
.
Trpst & Savings Bank Asso¬
San Francisco, for 2V4s,
ciation,
Habra,Calif.
at
a
price of 100.425,,
•:
Milt Valley,
Offering
Bond
Cat.
Will
Falley,
receive
sealed
Mar.
—<
■
—
Clerk,
City
will
bids until 10 a.m. (PST) on
on or about
The successful bid¬
shall have the right, at his pp-
1, 1946.
tion, to cancel the contract-. of
purchase if the city shall fail to
tender the bonds for delivery on
and in
bidder
shall be entitled to the return of
the deposit accompanying his bid.
The cost of printing the bonds wjll
be borne by. the city. Bidders are
requested (but not required) ' .to
supply an estimate pf the total net
interest cost to the city on the
basis
of their
respective bids,
\yhich shall be considered as In¬
formative only- and not binding
on either the bidder or thercity.
All bids must be unconditional
and be accompanied by a certified
check for $5,000, payable to the
or
Bond Sale—The $24,000 school
offered for sale recently
the
at the office of
Treasurer
City
June
der
*Angeles
Los
to the
1 ••
Chairman
the
Supervisors.
the amount of the
check
which
accom¬
panied the bidder's proposal will
be immediately returned to bid¬
der.
Enclose a certified check for
3% of the bonds bid for, payable
thereupon
tables.
interest
purchaser must pay accrued
interest from the date of the bonds
The
The City
discretion,
fered for the bonds bid for. Each to reject any and all bids and to
bid shall be for the entire amount waive any irregularity or infor¬
of said bonds at a single rate of mality in any bid. The City Coun¬
interest, and any bid for less than cil will take action awarding .the
the entire amount of said bonds, bonds or rejecting all bids not
or
for varying rates of interest later than Mar. 22, 1946. Delivery
bonds
guaranty
the basis
aforesaid
dates
the
bidder
on
County Treasurer's office or at
the fiscal agency of the County in of the lowest net interest cost, to
New York City. The bonds will the City. The lowest net interest
able
successful
to
highest an^ best bidder1con¬
sidering the interest rate or rates
specified and the premium,' of¬
fered, if any. The highest bid
School District bonds.
Due will; be determined by /deducting
March 1, as follows: $1,000 in the^amount of;^^premium/bid
1948 to
1955, and $2,000 in (if any) from the total amount
of bonds bid for each issue, pay¬
the
-
the
City Treasurer. If the bonds are
not raady for delivery within six
weeks after the date the: award
to the successful bidder is made,
at his or its option cancel
contract
of purchase
and
thenar-
The bonds will be awarded*
shall be made at the office of the
the
.
^
March 28. "
on
Los
successful bidder
Bond Election — An
issue
of
jointly,
For $720,000, 4s,
park bonds amounting to $20,000
will be submitted to the voters
$1,900,000, 114s, and
$500,000, Is
101.274 at the city election to be held on
April 9.
(Net interest cost 1.3526%.)
,
„
—
tified check for 3% of the amount
may
Bank,
..
Lamar &
the bonds
prior to the
date of delivery of the bonds, at
the expense of the City. Payment
for the delivery of said
bonds
Corp.,
Mobile, ;
McDougal & Condon, and
29.
thereafter
Kebbony McCormick & Co.,
Hendrix & Mayes,
- X,k
Thornton, Mohr & Co.,
$620,000, 4s, $1,900,000,
l%s, and $600,000, ls—_.100,00
are
bonds will be furnished the
Milwaukee, Co.,
For
These
& Myers, of Los Angeles,
approving the validity of said
Blyth & Co.,
Stranahan, Harris & Co., Inc.,
Field, Richards & Co.,
Charlottesville
Odess, Martin & Herzberg,
Inc., and
John C* Clark & Co., jointly-,
shall be
veny
Co.,
Kean, Taylor & Co.,
Schoellkopf, Hutton &
Pomeroy,
L. F. Rothschild & Co., and
Johnson, Lane, Space &
Co., jointly,
For $720,000, 4s,
$1,800,000, iy4s, and
$600,000, Is
^—..100.00
(Net interest cost 1.344%.)
City National Bank & Trust
bonds
authorized at the election held
Louis,
W. E. Hutton &
Bioren & Co.,
Newburger, Loeb & Co.,
Municipal Bond & Investment
Co., Memphis,
Kenneth B. Hill & Co.,
The
sold for cash only and for not less
Mercantile-Commerce Bank
Butcher & Sherrerd,
McDonald & Co.,
before June
15, 1946,
such event the successful
.
'
Kidder, Peabody & Co.,
John Nuveen & Co.,
Braun, Bosworth & Co., Inc.,
<
,
W. H, Newbold's Son &
Co.,
Los
First National
:
$720,000, 4s, $1,100,000,
1st. and $1,300,000, 1&S-..100.09
-
Bank, x X
fBt.Baul3vX:?v-X/;^
Bank, !
First National
Minneapolis,
A. M. Kidder &
Angeles County, El
Monte
21
for the
Co.,
Weil, Roth & Irving Co.,
Stubbs, Smith & Lombardo, '
purchase of series A,
City Treasurer.
1946, coupon or registered
bonds amounting to $200,-
Union High Sch. Dist. (P.O.
Los Angeles)* Calif.
Julien Collins & Co., i>fe
Provident Savings Bank &
Trust Co., Cincinnati,
^
1.3111%.)
a
V\ of
of
__100.05
(Net interest cost 1^34208%.)
Donald MacKinnon &
all property within the
subject to taxation by said
City (except certain intangible
personal property, which is tax¬
able at limited rates): without lim¬
upon
City
,
1956 to
than two interest rates may
than
$620,000, 4s,
$200,000, Is, and
$2,300,000, P/4S
Co., New York,
Goldman,\ Sac,hs & Co.,
Equitable Securities Corp.,
B, J. Van Ingen & Co.,
Wisconsin Co./ Milwaukee,
;
Commerce JJnion Bank^
:
Nashville, 1 ocU.
W
Eldredge & Co./ >' R,
Bobinson-Humphrey Co.,
Byan, Sutherland & Co.,
William Blair & Co.,
E. Lowber Stokes & Co.,
>
Farwell, Chapman & Co.,
Fox, Reusch & Co.,
fey J. M. Dain & Co.,
y;- Breed & Harrison,
Robert Hawkins & Co.; and
White, Hattier & Sanford, • y
multiples
more
-
For
& Trust Co., St.
said bonds and the interest there¬
for the
-
-
of. said
valorem taxes for the payment -of
.
.
bids. until
Heller, Bruce & Co.,
jointly,
$
Salomon Bros. &
Co.,
Dated May 1, 1946. Denomina¬
tion $1,000. Kate of interest to be
Trust & Savings Associa¬
tion, JSanFrancisco^
Ira Haupt & Co.,
v
Bid
receive sealed
bids until 7:30 p.m. on April 3 for
the
purchase of the following
bonds amounting to $375,000, not
exceeding 4% interest:
•>-
amount
City Council thereof lias
and is obligated to levy ad
bonds, or for itation of rate or amount. In the
varying, rates • of interest will be event that prior< to. "the .delivery of
rejected.
Enclose
a
certified the bonds the income received by
check for 3% of the bonds bid for, private holders from bonds of the
payable to the Chairman Board of same %pe« and character shall
Supervisors. - ' .
; be declared to be taxable under
any Federal Income Tax Laws,
Los Angeles
County, Manhattan
either by the terms of $uch; laws
Beach Sch,' Dist, (P. O.' '
or by ruling of: a Federal Income
Los Angeles), Calif.
Tax Authority or- official which
Bond
Election
An
issue
of
is followed by the Bureau of in¬
school facilities bonds amounting
ternal Revenue, or by decision of
to $£75.00(1 will be submitted to
any Federal Court, the successful
the voters at the election to be
bidder iftayi at his option, prior to
Fon, $200,000, ilftfex-.ilOl.pjfi-. County Clerk,
City
and
entire
the
tire amount of said
held
Francisco,
Bond
Barrow, Leary & Co.,
(Net interest cost 1.3087%.)
the
bonds at a single rate of interest,
and any bid for less than the en¬
$140,000' water system bonds,
235,000 sewer system bonds.
Bank of America National
interest cost
on
Each bid shall,be
bonds bid for.
Price
"J
Piper, Jaffray & Hopwood*
$620,000, 4s, $1,900,000,
-; j
-
=■•
(Net interest cost 1.3975%.)
Nashville,
1V4S, and $600,000, ls___lQ0.005
,..
were:
v/f
Bidder, '"w,,;*
Blair & Co., Inc.,
jointly,
-
•
H. M. Byllesby & Co.,
Nashville Securities Co.,
McDonald-Moore & Co., and
M. A. Saunders & Co.,
-
p.
San
Graham, Parsons & Co.,
R. S. Dickson & Co.,
Mullaney, Ross & Co.,
J. C. Bradford & Co., ;
:;
the rate of interest offered for the
and
for
$200,-
Details—The
1205—were purchased
by the Bank of America National
Trust & Savings Association, ■ of
Bacon, Stevenson & Co.,
Gruntal & Co.,
- Francis I. duPont & Co.,
Wm/ E. Pollock & Co.,
:
Sale
163,
—v.
Sterne, Agee & Leach,
Pittsburgh,
Merle-Smith,
Harris, Hall & Co.,
Coffin & Burr,
Lee Higginson Corp.,
A. " Webster Dougherty & Co., "
:
.
Calif.,'
000 school bonds awarded on Feb,
18 at a net interest cost of 1.334%
Halsey, Stuart & Co.,
Dick &
-ls? jointly,
County, San Pablo
Dist* (P. O. Martinez),
-
Lehman Bros.,
Phelps, Fenn & Co.,
Stone & Webster Securities
Mellon Securities Corp.,
/
Costa
Sch.
Co., of Georgia, Atlanta,
First
National
Bank, Memphis, Watkins, Morrow & Co.,
Courts & Co.,
Glore, Forgan & Co., Stroud &
Co., Newman, Brown & Co., Left- Kingsbury & Alvis,
wich & Ross, Tripp & Co., and C. Seasongood & Mayer, and
H. Little & Co., jointly, for $820,- Cumberland Securities Corp.,
Nashville, jointly,
.000 4s, $1,300,000 iy4s, and $1,For $620,000, 4s, $2,400,000,
000,000 Is, at a price of 100.02, a
iy4s, and $100,000, Is
100.00
net
interest cost of $1.29107%.
(Net interest co§t 1.333%.)
Other bidders were as follows:
,
100.00
par
(Net interest cost 1.3256%.)
Price Bid
.
(Net interest cost t1.375%.)
Montgomery,
Bidder
.
$300,000, Is, and
dinger, jointly, '
v
<•
For $620,000/ 4s, $2,100,000,
:;
IV4S, and $400,000, Is
_1QO.OO
the Trust
For
v
$2,100,000,
Walter, Woody & Heiraer-
Corp.,
■
|iFor $720,000, 4s,
"
I
power
est
Kennedy & Co.,
Harrington & Co., jointly*
& Beane,
l%s,- $500,000 maturing $100,000
April 1, 1957 to 1961, as Is, $900,- Paine, Webber, Jackson &
Curtis,-'1 ■ ' •
000 maturing $100,000 April
1,
1962 to 1970, as iy4s, and $600,000 Charles Clark & Co.,
D, AXPiheus & Co*
maturing $100,000 April 1,1971 to
Illinois Co., Chicago
1976, as Is. Dated April 1, 1946.
Steiner Brothers,
Denomination
$1,000. . Interest
A-O. The next highest bidder was First National Bank,
v
and
accrued interest to the
date of delivery, and; state sep¬
arately the premium, if any, and
multiples of Va of 1%. Bidders
will be permitted to split rates ir¬
cy of the County' in New, York respective of maturities. Principal
City. The bonds will be sold for and interest payable at the Crty
These bonds
cash only and at not less than par Treasurer's office.
sukI^ accrued interest, ; Each bid are general obligations of the City,
; v; .:'
' v
Eastman, Dillon & Co.,;
1952
as
4s, $400,000 maturing Hemphill, Noyes & Co.,
Merrill Lynch, Pierce, Fenner
$100,000 April 1, 1953 to 1956, as
.
must state that the bidder offers
of Vt Of 1 %.
.
a
y
'
Rate of interest to be in
Council.
Stockton Broome & Co.,
F. Brittain
Spencer Trask & Co.,
Hornblower & Weeks,
Tucker, Anthony & Co.,
Harvey Fisk & Sons,
R. D. White & Co.,
Chas. E. Weigold & Co.,
Thomas & Co.,
H U. Crumpton & Co., and
building
bonds amounting to $3,120,000 and
offered .for sale on March 12—r
v.
Principal and interpayable at the County Treas¬
urer's-bffice or at the fiscal <agen-
Shields & Co.,
Estabrook & Co.,
ALABAMA
Birmingham, Ala.
issue of
Bond
000, not
sewer
Ojai, Calif.
Bond Sale—The $40,000 sewer
exceeding 5% interest.
Dated June 1, 1946. Denomina¬ bonds offered for sale on' March
County Clerk, will receive sealed
bids until 10 a.m. on March 19 for tion $1,000. Due June 1, as foD
11—v. 163, p. 1334—were award¬
the purchase of building bonds lows:
$5,000 in 1947 to v 1951,
ed to the Security-First. National
$10,000 in 1952 to 1964, and $15,
amounting to $900,000, not ex
in
1965 !to
1967.
Thesb Bank, of Los Angeles. Dated 6ct.
ceeding
5%
interest.
Dated 000
March
Offering—J. F. Moroney,
Denomination $1,1, as follows
$30,000 in 1948, $60,000 in 1949 to
1956, and $65,000 in 1957 to 1962.
000.
1, 1946.
Due
March
Rate of interest to be in
multiples
bonds
000
part of
the $485,
authorized at the elec¬
are
issue
I,
/ Denomination
1945.
These
$l*o6o.
bonds^ are due ^Oct. 1, from
25, 1945.
The re*
1946 to
maining
mauling $285,000 will be sold when
vvui uc sum wixcu
'•jjj-uiRfl'Vj 1
and as determined by the City bidder was Weeden
tion on Sept.
19^0.^^11^
.
"V Ji
,
Co.
highest
Volume 163
-Number 4473
THE COMMERCIAL & FINANCIAL CHRONICLE
'
1487
Riverside County, ' Elsinore Vnion in Switzerland and other Euro¬ The cost of printing the bonds ing to $200,000. These bonds are
Sch. Dist. (P. O. Riverside),
pean countries there are passenger will be borne by the city. Bidders due in 1952 to 1966. Bids to in¬
Dodge,
cableways rising to 7,000 feet ele¬ are requested (but not required) clude cost of printing and of ap¬
Calif.
City Clerk, will receive sealed
bids until11 a.m. (PST) on;Marchu
Bond Sale—An issue of school vation and over.
to supply an estimate of the total
proving opinion. ,:
Difficult construction problems net interest cost to the city on
20 for the purchase of series A, bonds amounting to $150,000 and
Lewistown Township (P. O. Lewis•
issue of 1944, city plan coupon or offered for sale on March 11—w. of the project have attracted the the baris of their respective bids,
town), III.
registered, bonds
amounting
to 16$, p. 1334—was awarded to the attention and cooperation of many which shall be considered as in¬
Bond Sale—The road improve¬
$200,000, hot exceeding 5 % inter- Citizens " National Trust; & Sav-f large corporations including the formative only and not binding
ment bonds amounting to $65,000
est.
Dated" June 1, 1946. Dehorn-" ings Bank, of Riverside, as l%s, American Wire & Cable Co., sub-1 on either the bidder or the city.
and offered for sale recently were
ination $1,000.
Due June 1,- as at a price of : 100.873; a basis of sidiary of United States Steel, All bids must be unconditional
awarded to Martin, Burns & Corfollows: $5,000 in : 1947 to: 1949; about
1.398%.- Dated April' I; Consolidated Steel, Roebling Wire and be accompanied by a certified
$10,000: itt 1950 to 1958, $15,000 in 1946,feDchbrhihbtk)h^$1;000;These & Steel Co.; Interstate Equipment check for $5,000, payable .to the bett, of Chicago, at a price of
1959 to 1961, and $10,000 in 1962 bonds are due on
105.60, a basis of about 1.135%.
April 1, from Co,, Morrison-Knudsen Construc¬ City Treasurer.
Authorized at the election held on
to 1966.
These bonds are part of a 1948 to 1963.
The next highest tion Co. and Modjeski and Mas¬
Dec. 15, 1945.'These bonds are
COLORADO
$998,000 ' issue authorized - at - the bid was for $135,000 as l%s,
and; ters, well-known structural engi¬ \ :j; .5
\
a."->wJUy,''i "J*.
due. on Jan. 1, as follows: $5,000
election held on Nov. 7, 1944. Rate
$15,000 -as iy4s, at a price- of' neers. Several of the concerns
Canon City, Colo.
in 1948, $6,000 in 1949 to 1951,
of interest to be in multiples of
are making surveys of construc¬
100.006.
'
;
'
Bonds Defeated—An
issue
of
/
and. $7,000 in 1952 to 1957.
The
tion and: operating costs to aid
y4 of 1%.
Bidders• will - be per¬
water extension bonds amounting
San Bernardino County Sch Dists.
next highest
mitted to split rates irrespective
bidder was HarriKaiser &1 Co^i in the; preparation to
$100,000 was defeated at the man
(P. O. San Bernardino), Calif.
of maturities. .- Principal and in¬
Ripley & Co., Inc., for 2s, at
of its report
;V ;
election held on Feb. 23.
Bond Offering—Harry L. Alli¬
a price of 105.593.
terest payable at the City Treas¬
San Jose, Calif, ■
urer's
office.. These bonds are son, r County Clerk, will receive
"'Other bidders, for 1% bonds,
CONNECTICUT
Bond Offering—Dorothy
Covill,
: general
obligations of thevCity,- sealed; bids until 11 a.m. on March
were as follows:
Milford, Conn.
and the City Council thereof has 25 for the purchase of the follow¬ City; Clerk, will receive sealed
Price
bids
until
11
a.m»
Bond
Offering — D a vid
A,
(PST), on
power and is obligated to levy ad ing building bonds amounting to
Bidder
Bid
March 19 for the purchase of Clarke, Town Treasurer, will re¬
•iraloirem taxes for the payment of $545,0Q0, not exceeding 5% int.:
series of 1945, sewer coupon or ceive sealed bids until 3 p.m. oh Halsey, Stuart & Co., and
said bonds and the interest ..there¬ $295,000". Colton School District
City Securities Corp.,
registered
bonds
in upon all property within the
amounting to March 20 for the purchase of
bonds. Due April 1 as follows:
Indianapolis, jointly—^100.668
City subject to taxation by said
$15,000 in 1948, and $20,000 in $1,700,000, not exceeding 2%%. $76,000 issue of 1946,. school site A. G. Becker & Co.,
*
Dated Dec. 15, 1945.
Dated April 1, 1946. De¬
Denomina- bonds.
1940 to <1962.
City (except certain intangible
'
'■
C» F. Childs & Co., and
tions $1^000, $500 and $166.66%. nomination $1,000.
These bonds R.
personal
250,000. Redlands School District
Sv Dickson & Co., /
property,' which is tax¬
Due $56,666.66% Dec. 15, 1946 to are due on April
able
at
limited
1, as follows:
bonds. Due April 1, as fol¬
rates)
without 'Z
jointly
—100.188
1975.
Rate of interest to be in $10,000 in 1947 to
limitation of rate or amount,
1953, and $6,000 John Nuveen &
lows: $10,000. in 1947 to 1950,
In
Co.,
the event that prior to the deliv¬
multiples of y4 of 1%. Bidders in 1954. Bidders to name the rate
and $15,000 in 1951 to 1964.
will be permitted to split rates ir¬ of interest in multiples of eighths Glore, Forgan & Co., and
ery of the bonds the income re-.
Dated April 1, 1946. Denomina¬
Raffensperger, Hughes &
4
?
ceived • by., private holders - from
respective of maturities. Principal of 1%.' No bids for less than par
tion $1,000. ~ Principal and inter¬
Co., jointly __——-—100.155
and interest payable at the City and accrued interest.
bonds " of the same type and charPayable at,
est payable at the County Treas¬
Northern Trust Co.,
* acted shall be
Treasurer's office. These are the certified by and delivered at the
declared to be tax¬
urer's office. The approving opin¬
Chicago,
able under any Federal income
bonds authorized at the election Milford Trust Co., Milford, sub¬
ion of O'Melveny & Myers, of Los
held on Oct. 17, 1945. These bonds ject to legal opinion of Day, Berry Braun, Bosworth & Co.,
'tax laws, either by the terms of
Angeles, will be furnished. En¬ are
Inc., and
such laws. Or by ruling of a Fed¬
general obligations of the & Howard, of Hartford, about
close a certified check for not less
Indianapolis Bond 8c, Share
eral Income Tax Authority or of¬
city, and the City Council thereof April 5, 1946. Enclose a certified
than 4% of the bonds bid for each
Corp, Indianapolis,
"
ficial which is followed by the
has "poweV and is obligated to check * for $1,000; payable to the
issue,
payable
to
the
jointly
100.13
County levy ad valorem taxes for the Town.'
:? Bureau
of Internal Revenue, or
Treasurer..
\ 'j
by; decision of any FederaLCourt,
payment of said bonds and the in¬
Ml. Vernon Township (P. O.
StamfordfConri.
£ the successful bidder may, at his San Diego
County-Oceanside "&ch± terest thereon upon all property
Mt. Vernon), III.
Bond Offering—-NeilsonD. Dalei
option, prior to the tender of saick % Dist. (P.«Gi San Diego) r Calif. ■
within the city subject to taxation
Bond Election Held—An issue
Commissioner of Finance, will re¬
bonds by the City, be relieved of
Bond Election—An issue of con¬ by said city (except certain in¬
road
imptovement bonds
ceive sealed bids until noon on of
his obligation under the contract struction
bonds
tangible personal property, which
amounting
March 19 for the purchase of tem¬ amounting to $50,000 was submit¬
to purchase the bonds and in such
$100,000 will be submitted to the is taxable at limited rates) with¬
ted ■;to the voters at the election
porary notes amounting to $400,case the
deposit accompanying his voters at the election to be held out limitation of rate or amount.
held on. March 16.
bid will be returned. The
In the event that prior; to the de¬ 000, at a discount. Dated March
approv¬ on April 2.
20, 1946. Denominations $50,000,
y'-'
C ''
Vf(
ing opinion of Orrick, Dahlquist,
Oak Lawn, III.
livery of the bonds the income
San Jacinto Winter Mountain Park
$25,000 and $10,000. ,Due Nov. 20,
Neff, Brown & Herrington, of San
received by private holders- from
Bond Sale~~The $200,000 water
1946.
Issued
in
anticipation of
Authority, Calif.
; Francisco,;, will be, furnished the
bonds of the same type and char¬
main bonds ' offered for. sale. on.
Early
Bond
taxes due Aug. 1, 1946., The notes
Sale
Indicated—;
purchaser without charge.
acter shall be declared to be tax¬
Feb. 26 were awarded to a syn¬
Redwood City, Calif *
Bond Offering—Ralph S,
•
,,
,
"
■
•
.
,
_
•
"
•
—
,
,
r
...
^
.
-
h
"
'
*
'.
•
'
,
•
•
V
'
.
.
s
The bonds will be
the highest and best
^
sidering the;;interest rate
;
specified
and
be
the
bidder
to
con-
or rates
premium of-
the
.any.
;
amount
of
the
premium
bid
required ta pay froin the date of
such bonds, to the respective ma¬
turity dates at the coupon rate or
rates specified in the bid, and the
award will be made bn the basis
; of the lowest net interest cost to
the
*l
city.
The lowest net interest
cost/shall./foe*computed ^ between
the
Winter Mountain Park Authority,
dates
being formulated by
Co., of San Francisco.
program is being handled un¬
The highest
(if any) from the total amount of
Interest which the city would be
i
Tentative plans for the financing
tramway proj ect of
the recently created San Jacinto
of the aerial
Calif.,
bid
Kaiser
determined by deducting
The
|ered, if
will
awarded
aforesaid
according to
Standard bond interest tables. The
are
&
der the
direct supervision of Lee
Kaiser^ head" of the investment
banking and brokerage firm, and
the amount of the projected bond
is indicated
at
$3,000,000.
issue
Terms of the bonds, rates of inter¬
est and other details will be set
by the authority at
Coincident
tion
of
a
a
with
later date.
the
prepara¬
detailed
report on the
undertaking, Kaiser & Co., have
engaged the services of Coverdale
& Colpitis, New York consulting
fctfrchasermuit pay accrued interVest frdm the date of the bonds to engineers, to,make a.traffic sur¬
;thb date of^delivery "The city re^ vey. The lattef firm performed
similar services prior to the con¬
right, in its discretion,
struction of the San Franciscoto?reject any and all bids and to
waive any irregularity bf/infor^ Oakland Bay Bridge,
mality in any bid. The City Coun¬ t ] The proposed tramway is said
cil will take action awarding the to be assured of rnaximum oper¬
bonds; Or rejecting all; bids not ating: capacity and the authority's
principal concern is to provide
.? later'; than. March .21, 1948.
; De»facilities capable of handling the
livery bf saM bonds will be made
the
serves
*
,
'
to' the
successful
bidder
at
the
expected traffic.
•
office
of the City Treasurer, aS
the bonds can be .'pre¬
completed 1 the
provide skiers with
-
'
sobn
When
as
will
to
ski
project
easy
ac¬
pared- which, it is estirnated,-will
cess
be about June
supply of five months out of the
1, 1946.
The
cessful bidder shall have the
at- his
suc¬
right,
option',1 to cancel the
con-
J trabt of purchaseifVthe Oity shall
fail
V
■.
^
tender the bonds
to
for
de-
livery on
or before June 15, 1946,
and in sUch event the successful
bidder shall be entitled to the
re-
and
year
slopes with
will
be
a
within
snow
thifee
hours'. driving time for 4,000,000
people.. In addition; the tramway
may be expected to provide a val¬
uable link for tourists and, despite
t^ie
tremendousr
popularity
qf
snow
sports in the area of the San
Jacinto Mountains, the prospect is
-Vfbrr^bf the deposit accompanying
that
I ' his bid. The cost Of
'"j ijonds will be borne
winter.
Bidders,
are;
required)
by the city.
requested
(but
to supply an
not
estimate
of the total net interest cost to the
city
tive
{
on
the basis of their
respec-
bids, which sliall be consid-
V binding oh either the bidder
All bids must be
or
uncon¬
ditional and be accompanied by a
certified
to'ihe
passengers will use the
Operating
check for $5,000, payable
tf(tyu ?reasureii.
summer
than in the
aerial cableWay the tramway will have three
;
cars
on
an
upward bound and three
making the descent at the
-
time.
ered as informative only and not
the city.
more
printing the facility in the
is
Hourly passenger capacity
expected
400.
cars
same
to
be
approximately
.
famous
Franconia
Notch
Tramway which rises 4,000 feet
into
the
tains,
the
New
less
Hampshire Moun¬
than half as high as
proposed
tramway,
is
Mount
the
San
only
Jacinto
project
its kind in this
country,
eral
Income
Tax
Authority
official which is followed
Bureau
of
or
by the
Internal
Revenue, or
by decision of any Federal Court,
the successful bidder may, at his
option- prior to the tender of said
bonds by the city; be relieved of
his obligation under the contract
to purchase the bonds and in such
case the deposit accompanying his
bid' will be returned.
The ap¬
proving opinion of Orrick, Dahl¬
quist, Neff, Brown & Herrington,
of San Francisco,
will be fur¬
nished
the
charge.
"The
the
purchaser
without
& H AI11 "v§ J
bonds will be awarded
highest and best bidder
to
of
will be ready for delivery on or
about March 20, 1946, at the First
National Bank
in
payment
notes will
of
Boston, against
Boston
funds.
be authenticated
The
as
to
genuineness and validity e by the
First National Bank of- Boston,
under advice of Storey, Thorndike, Palmer & Dodge, Esqs., of
Boston. No telephone bids will be
accepted.
.
■
„
.
(
FLORIDA
Florida (P. O. Tallahasse), Fla.
Bond
of
Offering—The State Board
Administration
will
on
the basis
receive
interest rate
erence
the
shall
dates
be
computed
aforesaid
between
according
to
standard bond interest tables. The
purchaser must
pay accrued in¬
terest from the date of the bonds
rates and all other
or
the
cost
Oakdale Township (P. O.
being
equal
pref¬
Oak-
dale), III*
purchase of $16,000 4%
Sumter County road and bridge
refunding bonds.
circumstances
The lowest net interest
&
O'Connor
19 for the
of the lowest net interest cost to
city.
son
sealed bids until 3 p.m. on March
Highlands County Special Tax Sch.
Dist. No. 1 (P. O. Sebring), Fla. f
sidering the interest rate or .rates
Bond O f f e r i n g—Fred Wild,
specified and the premium of¬
fered^ if any. The highest bid Will County Superintendent of Schools,
be determined by deducting the will
receive
sealed
bids
until
amount of the premium bid
(if 2 p.m. on April 16 for the pur¬
any) from the total amount of chase of $80,000 school bonds, not
interest which the city would be exceeding
3% ; interest.' Dated
required to pay from May 15, April 1, as follows: $3,000 in 1947
1946, to the respective maturity to 1952, $4,000 in 1953 to 1960,
dates at the coupon rate or rates and $5,000 in 1961 to 1966. Bid¬
specified' in the bid, and the ders, are requested to name the
award will'be made
composed •
4R. S. Dick¬
Co., of Charlotte; Doyle,
&
Co.*' of Chicago,
Braun, Bosworth & Co., Inc., and
the. Channer Securities Co., of
Chicago, at a price of 100.068, a
net interest cost of 2.311%, as fol¬
lows: for $75,000 maturing June
1, $5,000 in 1951 to 1954,, $10,000 ;
in 1955 to 1958, $15,000 in 1959 as
2%s, and $125,000 maturing June
1, $15,000 in 1960, $20,000 in 1961
to 1963, and $25,000 in 1964 and
1965 as 2j/4s. Interest J-D.
dicate
I Bbnds Voted—An, issue of roaa
improvement bonds amounting to
$20,000 was favorably voted at the
election held on March 5.
con¬
INDIANA
Ind.
$44,500
Brazil School City,
Sale-rThe
Bond
^
im¬
provement bonds offered for sale
on March 7—v. 163, p. 1208—were
awarded to the Riddell NationaL
Bank, of Brazil, as Is, at a price
of 101.06, a basis of 0.865%. Dated
March 1,1946. Denomination $500.
These bonds are due $5,000 on;
Jan.
1,1952; Jan. and July I, 1953
1955, and $5,000 Jan. 1 and
$4,500 July 1, 1956.
The next
highest bidder was the City Se¬
curities Corp., Indianapolis, for
to
will be given to the bid of
par and accrued interest or better
specifying the lowest interest cost
for said bonds as shown in stand¬
ard bond tables. The School Dis¬
trict will furnish the approving
Is, at a price of 100.83.
Ind.
An? issue of
time
warrants ^amounting
to
tion, to reject any and all bids so conditioned. Enclose a certi¬
$100,000 and offered' for sale on
and to waive any irregularity or fied check for 2% of .the bonds.
March
8—v. 163,- p."' 1206—-was
to the date of
reserves
the
delivery. The city
right, in its discre¬
opinion
any bid. The City
Couhcil will take action awarding
the bonds
rejecting all bids not
later than March 20, 1946.. Deliv¬
or
ery of said bonds will be made to
the successful bidder at the office
of the
City Treasurer
on
or
about
May 15,1946. The successful bid¬
although the, deposit accompanying his bid.
Sale
Warrant
the
to
awarded
—-
National
First
ILLINOIS
Bank, of East Chicago, at 1% in¬
14, 1946.
Carriers Mills Township (P. O* ' terest. : Dated : March
These warrants are due on or
} Carriers
Mills), III*
before Dec. 21, 1946/
Bonds Voted—An issue of road
'
;A"
,'C
bonds
amounting to $15,000 was
favorably voted. at the election
held
on
Feb. 26.
shall have the right, at his
Cook County Sch. Dist. No. 84
opinion,, to.cancel the contract of
purchase if the city shall fail to
(P. O. Franklin Park), lU.
tender the bonds for delivery on
Bond
Offering —L.
E.
Fero,
or
before June 1, 1946, and in Secretary of the Board of Educa¬
such event the successful bidder tion, will receive sealed bids until
shall be entitled to the return of
East Chicago,
Chapman & Cutler,
Chicago, 111., and all bids may be
of
informality in
der
,
i The
able under any Federal Income
Tax Laws, either by the terms of
such laws or by ruling of a Fed¬
noon
on
March 23
for the
pur¬
chase of building bonds amount¬
'Vv-
•
Gas
Bond
revenue
I*.y^
water
wodes
bonds amounting to $90,-
000 and offered for sale
12—v.
h,.'
City, Ind.
Sale—The
on
March
1335—were awarded
Co., of Cincin¬
2s, at a price of ;100.987,
163,
p.
to Fox, Reusch &
nati,
a
as
basis
of
about
Nov. 1, 1945.
►r
$500.
1.897%.-trJ}ated
Denomination^$1,000
These bonds
are
due,
on
THE COMMERCIAL & FINANCIAL CHRONICLE
1483
Jan.
1, from 1948 to 1964.
bidders
were
Bidder—
Pohl &
as
,
,
7 Price Bid
,
100.344
_
County, for a period of one year,
option to the Board of Edu¬
Indep, Sch. DUt.,:Iowd.
Bonds Voted—An issue of
Co.,
For 2s
Clinton
Other
follows:
bonds
struction
$920,000
with
con¬
amounting
cation to
to
the election held
March 11.
on
Taylor & Co.,.
Election
Bond
Widmann & Co;,
;.For 2s
V;
jointly,/, ; V \
100.20
i
Waiter, Woody &
Heimerdinger,
construction
of
the service accrues,
amounting
bonds
voters
held
election
the
at
with
101.30
City Securities Corp.,
Indianapolis,
-
For
'•
*
-
■
.-_.-^l™100.73
2%s
Benjamin Lewis & Co.,
'
For 2%s I™.--.
_4_-101.08
f
Highland School Town, Jnd. ■//
Bond Offering—W. E. Dittrich,
i
Secretary of the Board of Trus¬
tees, will receive sealed bids tihi
til 7 p.m. on March 25 for the pur¬
chase /of $46,000
building bonds,
not exceeding 3% interest.
Dated
March
15, 1946.
Denomination
$1,000.
Due
$3,000 Jan.
and
$2,000 July 1, 1947 to 1952, and
$4,000 Jan. and July 1; 1953 and
.
1954. / Hate
of interest
multiples of
than
more
named
V*
of
to
1%,
and not
shall
be
No
rate
one
be in
bid
by each bidder.
for less than par will be consid¬
The approving opinion of
McCord, Ice & Miller, /of
Indianapolis, will be furnished
the
purchaser.
No
conditional
bids will be considered.
Enclose
certified check for $500, pay¬
agreement,
amount -sufficient to
an
terest
port acquirement and equipment
bonds amounting to $30,000 will
be submitted to the voters at the
costs;1
nual maintenance
Dist.,
State.
Iowa
issue
Election—An
Bond
insurance
The
Constitution
Rowan Consolidated Sch,
and
County1 Fiscal: Court
so long as any of these bonds are
outstanding agrees to perform, all
duties imposed upon it by the
election to be held on March 25.
and
Statutes
of
construction:
and
equipment bonds amounting to
$40,000 will be submitted to the
The State Board of Educa¬
Louisisville.
voters at the? election to be held
March 21.
on
Letcher
County (P. O. Whitesburg), Ky.
KANSAS
Bond Sale—An issue/ of 2 Vz%
Augusta, Kan, '///7/?//!7/ road and
bridge refunding of
Bond
issue
of
bonds / amounting
to
Election
auditorium
—
An
$200,000;, will be voted; on at tlje
April 2 election.
1946 bonds amounting to $651,000
and/offered for sale on March 12
water
at
improve¬
system
-1206—was awarded
p.
Bankers
amounting to $2,500
was
authorized recently by the
Mayor and City Council.
of
price
a
about
bonds
ment
the
Bond
Co.,
of
Louisville,;/and Weil,, Roth &
Irving Co.; of Cincinnati, jointly^
Courtland, Kan.
of
163,
v.
to
Bond Issue Authorized—An issue
Guaranty Trust; Co.,
!
/New'York,- and
V ■ v///v/
First National Bank, ^ v? / »v« *fNote Sale—An issue of tempo¬
Boston; jointly
0.455%
rary notes amounting to $500,000
Leavitt & Co.i-i—w—z,"
0.489%.
and offered for sale on March 8
Brockton,
awarded to the Second Na¬
1946.
tional
bonds
are
Bank
of Boston,
due,on April 1, 1986.
National
The
issue
were
Martinsville, Ind.
r
'«/
Bond
Sale—The $14,000 / fire
fighting equipment bonds amount¬
ing § to $14,OOO/zand offered for
follows:
as
Bidder—
Rate
Day Trust Co., Boston--
.
awarded
was
each
to
dis¬
a
Boston, and the Sec¬
is
Bank
due
of
Boston.
Nov.
15,
1946.
Other bids;
/ Bidder
,
,
.
,
\
*
'v
.45%
.
Rate'
,
Boston Safe Deposit &
Boston
0.41%
■
Trust Co
Chelsea, Mass.
$500,000 tem¬
porary notes/ offered for sale on
March 11 were; awarded to the
First Boston Corp., at a discount
of 0.49%.
Dated March 13, 1946.
Denominations
$25,000,
$10,000
and $5,000.
These notes are due
on Nov. 8, 1946.
The next highest
Sale—The
was
at
as follows: $50,the National Shaw¬
mut Bank of
.453%
Boston
l
0.40%,
First National Bank of
First National Bank, Bost. /
Merchants National Bank,
bidder
6
count of
.44%
Boston
Note
March
000
l'
•
issue of $100,-,
anticipation notes offered
000 tax
.409%
National Shawmut Bank;
0.417%;
Somerville, Mass.
Note Sale—An issue of
$500,-
000 notes was awarded; March $
to the Second ; National / Bank of
Boston, at 0.40% discount.
Due
Nov, 8, 1946. 'Other bids:
Bidder
Kate*
Guaranty Trust Co.,
New York, and / :/
:
.
First National Bank of-
the National Shawmut
z
Z
Boston, jointly
0.41 %
Bank, Boston, at a rate of 0.57%. Merchants National Bank
The only other bidder was the
•of Boston
0.413%
First National Bank of Boston, at National Shawmut Bank of
rate of 0.585%.
a
Boston
Bond Sale—The
following cou¬
amounting to
bonds
$70,000
March 13
on
awarded to Tyler &
were
0.45%
Day Trust Co., Boston__
Milton, Mass.
and offered for sale
Union County (P. O. Morgan-
KENTUCKY
a
'I
Sale—The
ond
pon
able to the School Town.
\JrSharon,'Massm<
Note
Other bidders
at
basis
a
/
:
dis¬
count of 0.39%, plus a premium
of $1.
Dated March 11, 1946.
Denomination^ to suit purchaser.
These notes are due on Nov. 15,
1946.
Issued in, anticipation of
revenue
for the year of 1946.
of
2.317%.
Dated
April
1,
Denomination $1,000. These
102.00,
://!!'//
f
the
tion must approve annually the
budget of the •. County^ yBoard /of
Education. Legality approved by
Skaggs,
Hayes
&
Fahey,
of
of
gymnasium
ered.
Ross,
conditions
and
lease
the principal of and the in^
on the bonds, and the an¬
Humboldt, Iowa
Bond Election—An issue of air¬
'
terms
said
in
rentals! in
pay
For 2^4s
the
stated
on
,
>
the
of
county agrees to pay annually, as
in accordance
issue
*$23,000 was submitted to .the
to
,
Held—*An
one
MASSACHUSETTS
was
HopkintonSch.Dist., Iowa
;
/and
thereafter for
Education
of
Board
the
'
Edward G.
renew
at a time until the final ma¬
turity of this issue. By this lease
year
favorably voted at
was
Monday, March 18, 194#
Co., of
0.454%
Co
0.495%
&
Leavitt
Stoughton, Mass.
/• /"
Note
notes
Sale — /The /. temporary
amounting to $150,000 and
field), Ky.
Boston, as Q.60s, at: a price of offered for sale on March 12 were
(P. O. Owensawarded to the Second National
Bond Offerings-John M. Syers, 100.133, a .basis of about 0,56%:
boro), Ky.
,,
Bank
of Boston,
at a rate of
J Bond Sale—The1 % % - school County Court Clerk, /will receive $15,000 water main construction
sealed bids/until/10 a,m; on March
Dated March 19, 1946.;
bonds.
Due March 1, as fol- 0.386%.
sale on March 11—v. 163, pz1206 building revenue refunding bonds
19
for; the purchase of school
These notes are due ? on Nov.: 19,
/ lows; $2,000; in 1947 to 195L
^were awarded ; to - the ,• First amounting to $238,000 and offered
1946. The other bidders were as
building revenue bonds amount¬
and $1,000 in 1952 to 1956.
Kational Bank, of Martinsville,; as for sale on March 12—v* 163; p.
1335—were
awarded
to
Stein ing to $60,000.; DatedMarch...J,
35,000 street construction bonds. follows:J/7,/,/;/'//-/ 77;,'//,7
IVzs, at a price Of 101.78, a basis
1946; / Denomination: $1,000. Due
Due $7,000 March 1, 1947 to 7 Bidder
-:n" Rate
of about 1.264%; / Denomination Bros. & Boyce, and the Bankers
March 1, as follows:
$2,000 in
Bond
1951.
Merchants National Bank,
Co., both of Louisville,
^
/:?V:;/://
$500.
These bonds are due $500
1950 to. 1964, and $10,000 in 1965
Boston
price of 102.50,' a
20,000 sewer construction bonds.
0.389%;
> June; and Dec. 15, 1947 to 1960. jointly, at a
to •'1967^/A/minimum of $50,000,
basis of about 1.32%. Dated April
I
Due $4,000 March 1, 1947 to Day Trust Co., Boston_.
0.39%
"The
ne^t highest bidder was
and a maximum of $60,000 will be
Norfolk County Trust Co.,
1951.
\ '
Denomination
$1,000.
Raffensperger, Hughes & Co., for 1, 1946.
sold, the/exact amounL to be de*
These bonds are due on April 1,
Dated March 1, 1946.
Denom¬ „,iStoughton;::0.393%
I%s, at a price of 101.084.
*
Daviess
County
■
,
'
;
.
.
from 1947 to 1957;
/'
■■■
■
Muncie, Ind.
-
(
Bond Offering—John D.
City
Controller,
wil 1
Lewis,
receive
sealed bids until 10 a.m. on March
25 for the purchase of
$47,000 im¬
provement
4%
bonds, not exceeding
interest.
Dated March 15,
Denomination $1,000. These
termined
County (P. O. Frank"
ham,
Carey Gra¬
Court-"Clerk, re¬
County
March
bids until 10
for
15
the
a.m. on
purchase
counsel will be On file on the
day
of sale and will be furnished to
the purchaser at the /expense of
the City.
Enclose a certified
check for
$1,500, payable to the
City.
mium
of
2 y>2%
if called
for
Bidders
at that
price
the
as
so many
Fiscal
Court
The bonds
to sell.
of the bonds
shall
are.
and
interest.
accrued
less
on
March 12
—v, 163, p. 1080—was awarded
to
the Harris Trust &
Savings Bank;
Chicago,; and the Union Trust
Co., of Indianapolis, jointly, as Is,
at price of
101.159, a basis of about
m.
€.85%.
Dated
March
1,
1946.
^Denomination $1,000. These bonds
are
due from
next
1947
1961. ? The
to
subject to
No bid for
than
$1,030 and accrued in¬
terest per $1,000 bond will be
considered,
Enclose a certified
check for $1,000.
LOUISIANA
St.
tousas), La.
school
Election—An
bonds
issue
amounting
highest bidder
was
Halsey,
Stuart & Co.;-and City Securities
Corp., Indianapolis, jointly, for Is,
:at, a price of I00.668,H'
z;
of $37,000 2%% school build¬
ing revenue refunding bonds is
being offered by Stein Bros. &
Boyce, and the Bankers Bond Co.,
both of Louisville, jointly.
Dated
March 1, 1946. Denomination $1,-
a
■
\
bonds
was
improvement
favorably voted at the
election held
on Feb. 21.
At the
time the school superinten¬
dent's home bonds
amounting to
same
$9,000 failed to
Bradford
/:
.
carry;
;//
,r
V
Township Sch* Township
[t(P.,Q. Nashua), Iowa
Bonds
as
bonds
are
follows:
due
$1,000
Revenues
1944.
Defeated—An
construction bonds
issue
of
amounting to
$fr,000 "cvas defeated at the election
held tfri1 Feb. 16.
?. ? '
in the first* month of
The; ratio of collections to
estimate
was
earlier years.
16.28% for the
cur¬
on
after in
inverse
or
numerical
'
;
Expenditures in January totaled
$4,304,495, or 6.44% of total ap¬
propriations.
Expenditures /for
prior to
Sept. ly 1950;'at 102 oii or prior
to Sept. 1, 1955; and at 101 there¬
debt
Rate.
Trust
100.00
National
It Co.Zv
C0;ZXT/^/^
Uldlaw/&
:
ft
Sale—The
0,70%'
0.70%
100.145:
100.04
100.07
Mass,
Newburyport,
Note
100,21'
r0.70%
Robert Hawkins?
$200,000
offered
reve¬
sale
Bank of
building, which reve¬ eral revenue amounted to $4,nues
are
derived and payment 089,899,
against $2,769,823; and
made under a certain lease agree¬ $2,713,686,
respectively, in the
ment
between the Board of Edu¬
comparable
1944.?
:■
•
-
1
:»
;*
Sale—The
$150,000
tem¬
notes offered for sale on
Detroit,
refunding
37, dated April
'I5tv 1937.
These bonds maturej
April 15, 1962, subject to prior
redemption in denomination/of
$500.
Interest ceases on date
x.
*
:t
J* >: ■
Co.,
cjalledll^!/://^ 7
County Indep. Sch. Distm
(P. O. Cloquet), Mich.
/ Bonds Offered; —• T. Schantz*
Hansen, District Clerk, received
bids until noon on March 16 for
the
purchase of building coupon
$150,000. Dat¬
Denomination
$1,000. Due $15,000 Mirch 1, 1949
bonds amounting to
March 1, 1946.
ed
Rate of interest to be in
multiples of
or one-tenth of
1%; and must he the same for all
of the bonds. No bids for less than
7 were awarded
to the par and accrued interest. Principal
and interest payable at any suit¬
Guaranty Trust Co. of New York,
at a discount ' of 0,37%.
Dated able bank or trust company desig¬
nated by/the purchaser./ Bids to
March 8,1946. Denomination $50,000.
These
notes are / due on be on forms furnished by the Dis*
trict.
All bids must be uncondi¬
Nov, 8, 1946.
Issued in anticipa¬
tional except as to legality which
tion of revenue for the year of
1946. The next highest bidder was may be made conditional upon the
the
Merchants
National- Bank, legal opinion of Dorsey, Colman,
Barker, Scott & Barber, of Min¬
Boston, at a rate of 0.384%,
neapolis, whose opinion/must the
,l
accepted by the purchaser^,
Quincy, Mass.
-
.
temporary
Sale —The
Note
amounting to $1,000,000 and
offered for sale on March 11—v.
notes
at
a
rate of 0.40%.
were as
Other bidders
follows:
Bidder
'
•
1
:
Rate
Dowagiac, Mich.
t H'y^ 7
Election—An?; issue>.pl
$65,000 4% city hall constructor
bonds will be submitted to the
,
/Bonds
voters at the. election to be-
Boston 'Z-Z-w-i—/'
April 1.
on
*
Erin and Lake Townships Frac*
.
v
tioixal Sch. Dist. No. 3 (P. 0."/'!
Route 7■, Mount Clemens), r t'\
■
*
'
1 Bond
Mich.
Call
'
Lagmar
Dallier,.
Secretary of Board of Education,
calls for payment on April 1, at
—
and accrued interest,
1940 re¬
bonds/ Nos. 101 to 125#
aated. Aug/1, 1940; and* due; Oct#
1, 1960.
Bonds) rishould; be i pre¬
sented for payment; toathmDetroift
Trust Co., Detroihd odi ^nri/!'///
car
funding
Second National Bank,
0.442%
Day Trust Co., Boston— : 0.448%
months of 1945 and Norfolk County Trust Co., / /; /
Ouincv 1__"0.452%
m&m WMmmmy.
.■
pay¬
bonds Nos. 34 to
to 1958.
Northampton, Mass.
Principal and interest payable at
the Bank of Clarkson, Clarkson.
These bonds in the; opinion of 4.76% of operating appropriations tion $25,000. These notes are due
counsel constitute valid and le¬ for the year. The 1945 figure was from Nov. 8 to Dec. 20, 1946. The
next highest bidder was the Na¬
gally binding special obligations 4.90% and the 1944, 4.39%.
of the county, payable solely from
Current taxes collected in Jan¬ tional Shawmut Bank, of Boston
cation of the county, and Grayson
Trust
to
school
u
No. 7
Boston, at a rate of 0.413%, The
notes are dated March 7,
11946,
and mature on Nov. 6,1946.
.
p
Guthrie#
for
Carleton
at a discount of
0.395%. The next highest bidder
was the Merchants National Bank,
/ J
calls
ment / on April 15 at par and ac¬
crued
interest
at
the
Detroit
of
uary/ totaled/ $5,510,325, against
$3,139,296 a year earlier and $4,917,737 in January, 1944.
Gen¬
Treasurer
werd/awarded to the
for
and
pension fund 163, p. 1336—were awarded to the
National
Bank, * ol
$1,798,777, the/bal¬ Merchants
$2,505,717 expended for. Boston at a discount of 0.387%.
operating purposes amounting to Dated March 12,1946. Denomina¬
and
secured
by
an
exclusive
pledge of, and a first lien on a
fixed amount of the revenues of
Rochester), Mich.
District
on
notes
nue
^
Z/i—6.70%
Estabrook
:
Bid
100.09
Boston—
0.60^
Bank,
Co.,
Merchants
Boston
.
.
0.60^
service
amounted
order.
ance
the
,
Increase —' Revenue
$9,283,453
interest payment date on 30 days
published notice at 103, and ac¬
interest
/
National Bank,
Boston
Day
Township Frac*
t tional Sch, Dist. No. 2 (Route 3,
Bond Call—Frank W.
Bidder
Second
Note
881,962 in January as against $7,194,278 in the like 1945 month and
in
as
-Price
/•/./•"•/..-
porary
March
collections of the city totaled $10,-
on
were
MICHIGAN
Avon and Shelby
follows:
Z////''?
I
Baltimore, Md.
..
Bonds Voted and Defeated—An
issue
of
$15,000 >
be held
,1947, $2}000 in 1948 to 1958, $3,000
rent
year,
against//11,48
and
in 1959 to 1962, and $2,000 in 1963.
Callable prior to maturity on any 15.45%, respectively, in the two
crued
'
•'**>/''t
•*'- ^
:.$£ y,:J'
Aplington Consolidated School
Districtpja,
iyjj
of
to- $1,-
800,000 will be submitted to the
sue
1,
Other bidders
of 100.10.
price
a
Newburyport,
Publicly Offered-^-An? is¬
These
Bank, Boston, for 0.60s, at
First & Ocean National
Landry Parish (P. O. Ope-
Bond
1957; 1% thereafter until and in¬
cluding Apr;
1960; and there¬
March
$1,000. The next highest
was
the First National
March z 7,
re¬
demption, on or prior to April 1,
1951; 2% thereafter until and in¬
cluding Apr. 1, 1954; lYz% there*?
after until ana including Apr. 1,
000.
ination
bidder
decide
redemption on any interest due
date/as n whole or/in; part at 103
Washington Township Sch. Town- after without premium,
voters at the election to
i f^'P (F. O. Indianapolis), Ind.
on April 16.
\j - Bond Sale-4An/issue bf build^ Grayson County (P. O. Clarhson),
Kentucky
ing bonds amounting to $455,000
MARYLAND
Bonds;
and offered for sale
shall
rate, and shall offer to purchase
of
school
-
•
sale.
in any multiple of V\ of 1%, and
shall offer a dollar price per $1,000 bond, based upon said interest
Offered—R.
ceived sealed
of
time
stimulate their own interest rate
fort), Ky.
Bonds
by the Fiscal Court at
the
Interest A-O*
building revenue bonds
amounting to $303,000, hot ex¬
bonds are due on
January 15, as
Da t ed
follows: $4,000 in 1948, $3,000 in ceeding 2%./ interest
I,
1946.///Due / April ^ 1,
1949 to 1953, and $2;000 in 1954 April
1947 to 1964. Bonds maturing sub¬
to -1967;
Rate of interest to be in
multiples* of Va of 1%, and not sequent to Ahr.11, 1949, are op¬
tional for redemption on any in¬
/more
than one rate shall be
terest payment date on or < after
named by each bidder.
Payable
from unlimited ad valorem taxes. April 1, 1949, upon terms of par
and accrued interest,' plus a pre¬
The -opinion of competent z bond
1946.
■
Franklin
,
[Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4473
,
check for 2%
Flint;, Mich.
Bond Ordinance Passed—An
dinance
or¬
calling
for an issue, of
2i/2 %
airport
hangar
bonds
amounting to $25,000, was passed
on March 4
by the City. Council.
Fraser, Mich*
Bond Sale—The $16,000 issue of
*
1945, water bonds offered for sale
Nov. 13, "1945, were purchased
by McDonald-Moore .& Co., of
Detroit, as 2s, at a price of 100.106,
on
basis of about 1.98 % The only
other bidder was the State Bank
of Fraser,; for 3s, at a price of par.
a
.
the
~
—
Margaret B.
until 7.30 p,m, <EST) on April 8
for the purchase of $15,000 coupon
.
refunding bonds, not exceeding
3% interest.
Dated May 1, 1946. Denomina¬
tion $1,000. Due May 1, as follows:
(EST)
March
on
for sale to
18
be
awarded
to
the
bidder
Portion Amount
Dist. No.
108 *
Combined $1,000
.....
District
District
113
i//'
114 /.
•
to
District
District
118
6,000
5,000
5,000
2,000
Envelopes containing tenders
be plainly marked as to the
of
number
the
district and
assessment
road
class of bonds offer¬
ed for sale.
'
.
Port Huron,
Mich.
$1,600,000
garbage disposal and sewer sys¬
Other
tem
Bids
a
The
bonds
revenue
March 5 to
—
awarded
on
syndicate headed by
//Bidder//,/
/ Bond Election—An issue of
struction bonds
be
necessary to pay the bonds and
interest thereon, without limita¬
tion
as
to rate
amount.
or
Bids
shall be conditioned upon the un¬
qualified opinion; of Miller/Can*
fields Paddock & Stone, of De¬
troit, approving the legality of the
bonds. The cost of such opinion
shall be paid by the School Dis'trict.
The School District shall
'pay the cost of printing the bonds.
Enclose a certified check for $360,
.
E. H. Rollins &
Sons,
William Blair & Co.,
John Nuveen & Co.,
Fox, Reusch & Co.,
Pohl & Co.,
f; ;
Walter, Woody &
;
/
Hillsdale, Mich.
.////•;
^ohd.Offering
R. L. Hughes,
City
Clerk,
will
receive
sealed
and interest payable at the Hills-
dale/
State Savings Bank, Hills¬
These bonds are part of an
"authorized issue of $400,000; voted
at the election held on Nov. 16,
1945.
The bonds will be awarded
"to thb bidder whose bid produces
"the lowest inteerst cost to the City
after deducting the premium of¬
fered/if any. In determining the
"net interest cost, interest on prefe3fSum will not be considered as
dedeiictible,
Interest on bonds
^
f
premium will not be
as
Z deductible
and
considered
interest
on
bonds will be computed from the
date of receiving bids to-the re¬
spective maturity dates. No pro¬
posal for less than all of the
bonds will be considered.
The
District
is
authorized
and
re¬
quired by law to levy upon all
the taxable
property therein such
ad valorem • taxes as may be
necessary to pay the bonds and
interest thereon, within the lim¬
will be computed from the date of itation prescribed by Section 21,
^receiving bids,
as
aforesaid, to the
Respective maturity dates of
non-
any
trust
company
%will be considered.
sessed valuation for the year 1946,'
and to 2.5% of the assessed valua¬
tax
Limitation
Act."
authorized
an
limitation to 3%
The
Dis¬
increase
of the
in
be
to Spay the
bonds and interest thereon, with¬
out - limitation -as
to / rate • or
Bids
amount. Bids shall be conditioned
of
may
necessary
the
shall
be
unqualified
conditioned
opinion
upon
of Mil¬
ler,
Canfield, Paddock & Stone,
Detroit, approving the legality
the unqualified opinion of of the bonds. The cost of such
Miller, / Canfield, / Paddock
& opinion and of the printing of
•Stone, of Detroit, approving the the bonds will be paid by the Dis¬
legality of ; the bonds. The cost of trict. Enclose a certified check
f such CI
opinion it and the cost of for 2% of the total par value of
printing the bonds will be paid the bonds, payable to the District
-■
by the City. Enclose a certified Treasurer.
mpon
>
1961.
—
The foil
Carl
the
First
1, 1947 to 1961. The
highest bidder was Shields &
Co., for 1.10s, at a price of 100.26. \
Other bidders were as follows:/: "
next
Bidder
;
1"
Price Bid
Halsey, Stuart & Co.--,——100.179
Coffin
,
& Burr—-_—
.100.16
B. J. Van
Ingen & Co., and
■ /»: ;
Collings & Co.,
'
jointly
..100.151
C. C.
-
.
—
R. H. Johnson &
___100.10
o.
For 1.20% Bonds
White, Weld & Co..,
.100.567
J. S. Rippel & Co.——100.39
H. L. Allen & Co.,
(
Charles Clark & Co., and
'Minsch, Monell & Co.,
/
price of
about 0.919%:
100.09,
n
mitted to the voters at the elec¬
tion to be held on April 2.
Kansas
0.95s,
basis of
as
a
Bonds
and
$2,000
Defeated
—
An
issue
Of
defeated
March
at
5,
the
election
lacking
the
held
on
necessary
favorable two-thirds majority to
carry.
It is likely this issue will
be resubmitted to the voters at the
November election.*-
in
JeffersonCity,Mo.
1951,
April 1, 1946".
highest bidder
was
Bond
Election—• An issue of
street improvement bonds amount¬
The next
E. J. Prescott
&
Co., for $15,000 0.95s, at
of 100.08, and $12,000 Is, at
Of 100.25.
a
a
ing .to. $160,000 will be
price
price
Mf;.
held
April 2.
on
pj
XV'^V
Hennepin County. Indep. Sch' Dist.
12 (P. O, Richfield Stat ion),
>r
NEVADA
'
.
-/1.K V
Bond Offering—Ernie C. Ellenson, District Clerk, will receive
sealed bids until
7:30
p.m.
on
500,000
was
favorably voted at the
purchase of
building coupon bonds amounting
to $250,000, not exceeding 2% in¬
election held
terest
Manchester, N. H.
i
Loan Offering — James P.
Bourne, City Treasurer, will re¬
March
21
for
Dated
the
March
Denomination $1,000.
1,
Due March
as follows: $10,000 in 1949 to
1955, $15,000 in 1956 to 1962, and
$25,000 in 1963 to 1965.
Rate of
ceive bids until
19
interest to be in multiples of Va
one-tenth of 1%.
Award will
or
from
at
total
Campbell & Co., jointly-^.100,18
For
interest
for
2 p.m.
on
cost
Paterson, N. J.
date
of issue to maturity,
premium offered. Prin¬
cipal and interest payable at any
on
March
the
Bank
Central
—
Esther /R.
Board
sealed
March 22 for
the purchase of issue of
1946/rer
bids until
funding
noon
on
coupon
registered
or
bonds amounting to
$506,000, not
exceeding 6% interest.
Dated Feb. 1, 1946.
Denomina¬
tion
$1,000. Due > Feb. ,;.,1,»,- as.
follows: $50,000 in 1961 to
1965,
■
$80,000 in 1966, $90,000 In 1967,
$86,000 in 1968. These bonds
and
are
of
part
authorized
an
issue
of
$690,000.
Rate of interest tobe in multiples of
one-eighth or
one-twentieth of 1%, and must be
for
same
all
of
the
bonds.
Principal and interest payable at
the First .l^ional Babk/Patersbn/
or
at the
Bankers Trust Co., New
York
City. No proposal will; be
considered which Specifies a rate
higher than the lowest rate stated
any legally
acceptable pro¬
posal.
July 24, 1946, at the First Na¬
tional
Offering
Marks/Acting Clerk of the
of Finance; will' receive
the
Dated March 20, 1946 and payable
less any
J ;
Sons——100,295
1.40% Bonds
E. H. Rollins &
in
purchase at discount
of $800,000 notes issued in anti¬
cipation of taxes for the year 1946.
x
made
March 2.
NEW HAMPSHIRE
1946.
1,
be
on
Bonds
For 1.30% Bonds
F. R. Cole & Co., and
the
1
Washoe nGquriityu School District ;
•; Nq. lO (P. O. Reno), Nev.
Bonds Voted—An issue of con¬
struction bonds amounting to
$1,^
No.
/
submitted
to the voters at the election to be
/
BolandjiSaffin & Co.—100.228
Bond
City, Mo.
parking and underground garage
bonds amounting to
$2,500,000 was
,
1950,
Junction, Mo.
Election—- An
:
:/
Tripp & Co., jointly—100.031
For
issue
public1 improvement
bonds
amounting to $10,000 will be sub¬
g
12,000 airport bonds. Denomina.tions $1,000 and $500.
Due
Dec. 1, as follows: $2,500 in
to
a
_
W. H. Newbold's Son &
Co.,
and'
v
National
Rank, of Grand Rapids,
a
highest
National
of
i
o w
amounting to $27,000 and
offered for sale on March 13 were
to
next
First
■i ^ v^x2l;M,SSOUR,l|tS3^
bonds
awarded
The
the
was
Bank; Breckenridge, for Is, at
price of 100.252.
Grand Rapids, Minn.
at
to
Bond
Bond Sale
of Boston, or at the
Bank & Trust
Hanover
Each proposal must state
bid
amount
for
the
bonds,
which shall be not less than
$506,000 nor more than $507,000.
As
between
legally acceptable pro¬
specifying the same rate
interest, the bonds will be sold
posals
of
to the bidder
complying with the
terms of sale and offering to ac¬
cept for the amount bid the least
amount of bonds, the bonds to be
accepted being those first matur¬
ing and ,if two or more bidders
bank or trust' company Co., New York
City.
Notes will offer to accept the same least
designated by the purchaser. The be authenticated as to genuineness least
amount, then to the bidder
approving opinion of Dorsey, Col¬ and validity by the First National
Offering: to pay thereforXhe high- f
man, Barker, Scott & Barber, of Bank of Boston, under advice 6i est
price.
The purchaser must
Minneapolis, will be furnished. Ropes, Gray, Best, Coolidge & also
pay an amount equal to the
These bonds are part of the
$55(),-; Rugg of Boston.
^:
■ -"
'
interest on the; bonds accrued v to
siutable
.
000 issue authorized at the election held on February 19, by a
vote pf 681 to 43.
Bidders to
use" forms
furnished by the
Nashua, N. H.
—
The temporary
notes amounting to $200,000 and
Note Sale
Dis¬
ofered for sale
trict.
a
will be considered/
certified check" for
on
March 14
$5,000, pay¬
;
1946.
The other bidders were- as
follows:
Bidder"
Rate
son,
Town Clerk, will receive
sealed bids 2:30 p.m. on March 23
Second National Bank,
Boston .1.—
for
R. L. Day & Co..
Nashua Trust Co
the purchase of road and
bridge coupon bonds amounting to
$35,000. Dated Feb. 1, 1946.: De¬
nomination $1,000. Due Feburary
as
—
0.47%
0.47%
0.48%
Indian Head National
Bank, Nashua
—
0,485%
follows:/$2,000 in
and
bonds
will
$1,000
bear
in
a
1948 to
1965.
The
uniform
HEW JERSEY
Chatham Township Sch. Dist*
rate
of interest
Chaser.
specified by the purPrincipal and interest
payable at any - suitable bank or
income
received
by
bonds
private
to; the First National holders fromuhonds .of the same
,of Boston, at a discount of type and character shall be tax¬
able by the
0.439%. Dated March 14, 1946.
t^r^^pf any Federal
Denominations $25,000 and $10,- income tax law,' the successful
000. These notes are due Dec. 17, biddbi^may,i4ttri§felection; be re¬
ville), Minn.
{ r
Bond Offering—W. C. Dickin¬
1964,
to the delivery/ of the
prior
the
awarded
Pleasant Grove (P. O. Stewart«
1,
were
the date of. payment of the pur¬
chase I price. ; In / the event that
Bank
Enclose
able to the District Treasurer.
/ levy upon
1
1947
sidered. "/
as¬
all the taxable property tion for the years 1947 to 1949, at
J therein such ad valorem taxes as an election' held on Sept. 14, 1945.
Dated
was
bidder
purchaser. The approving opinion
of Dorsey, Colman,
Barker, Scott
& Barber, of
Minneapolis, will be
furnished the purchaser.
No bids
for less than par will be con¬
par
Tax
0.964%.
1, from
suitable bank or
designated by the
the State Constitu¬
trict
1, 1946.
Denom.
These bonds are due $10,-
March
on
.
Principal and interest
payable at
Michigan "Property
•date of callable bonds. No propo¬
sal for less than all of the bonds
price
basis of about 0.986%.
a
—
date
thereafter.
State
a
jointly100.31
Kean, Taylor & Co., and
Van Deventer Bros., Inc.,
jointly —^—_——. -100.31
ed for sale on March 7—v.
163,
Julius A, Rippel, Inc., and
p.
1207—were awarded to the
Farmers & Merchants State Bank, MacBride, Miller & Co.,
jointly
of Breckenridge, as
v.-~-—100;187
Is, at a price
of 100.312, a basis of about 0.964%. National Bronx Bank,
New York—
100.126
Dated Feb; 1, 1946. Denom.
$1,000.
Blyth & CO
100.84:
These bonds are due Dec.
1, 1956, and
payment
of
callable bonds and to the first call
The City is
authorized and required by law to
Jan.
on
interest
Is, at
as
ridge), Minn.
$40,000 Judicial
Ditch No. 11 drainage bonds offer¬
are due on Jan.
1, as fol¬
$1,000 in 1949 to 1958, and
$2,000 in 1959 to 1962. Bonds ma¬
turing on and after Jan. 1, 1957,
any
1208—were
p.
National
March
$1,000.
000
the
Newark,
100.085,
Dated
163,
to
Bond Sale—The
lows:
tion and the
X
about
Wilkin County (P. O. Brecken¬
All bids must be uncondi¬
tional and no bids for less than
Article
of
highest
bonds
Dated
amounting to $250,000, not ex¬ purchase of 2% building bonds
ceeding 3% interest.
Dated Jan. amounting
to
$15,000.
Dated
% 1946. Denomination $1,000. Due April 1, 1946. Denomination $1,Jan. 1, as follows: $15,000 in 1949 000. Due April 1, as follows: $3,to
1964, and $10,008 in 1965. 000 in 1947, and $4,000 in 1948 to
Bonds maturing on or after Jan. 1950. Principal and interest pay¬
/I, 1959, are callable Jan. 1, 1951, able at the Detroit Trust Co., De¬
-and bonds maturing on Jan.
1, troit. The bonds shall be awarded
1957 and 1958; are callable Jan/1, to the bidder whose bid offers the
1956.
Hate of interest to be in largest premium. In determining
multiples of Ya of 1%. Principal the net interest cost, interest on
basis
Piper, Jaffray & Hopwood, for Is, at a price of 100.103.
funding coupon bonds, not ex¬
ceeding 11/2% interest. Dated Jan.
1, 1946.
Denom. $1,000.
These
1947
bids until 5 p.m. (CST) on March retary of the Board of Education,
18 for the purchase of electric; will
receive
sealed
bids until
light and power coupon bonds 7:30 p.m. on March 19 for the
-dale
con¬
amounting to $2,-
bidder
on
11—v.
Fbr 1.10% Bonds
$44,000 Judicial
II drainage bonds of¬
fered for sale on March 7—v. 163,
p. 1207—were awarded to Paine,
Webber, Jackson & Curtis, of Chi¬
cago, as Is, at a price of 100.289,
Clerk, received sealed and
to be callable
March
awarded
Minn.
Bond Sale—The
oral bids until 7:30 p.m. on March
15 for the purchase of $18,000 re¬
"
Township Sch. Dist.
the
trict
and
No. 8 (P. O. Detroit), Mich.
Bond Offering—Bert
Gale, Sec¬
to
Feb. 1, 1946. Denom.
$1,000. These
bonds are due on Dec.
1, from
1947 to. 1961. < The next
Browning & Co.,
Ryan, Sutherland & Co.,
—
payable
Faribault County Indep.Sch. Dist.
No. 67 (P. O. Kiestor), Minn.}
Bonds Offered—B. A. Talle, Dis¬
i
For
$700,
Ditch No.
1947 to 1951.
L. T. Hood &
for
Traverse County (P. O. Wheat on),.
a
Heimerdinger,
Southfield
are
$15,000 hospital bonds. Denomina¬
tion $1,000. Due $3,000 Dec. 1,
Co., jointly,.
$613,000, 2V4S, and
$987,000 1V4S
:
100.095
payable to the District Treasurer.; (Net interest cost 1.644%.)
fe;
check
Town Treasurer.
500,000 will be submitted to the
voters at the spring election to be
held on April 2,
-
,
No bid for less
than par and accrued interest will
be considered. Enclose a certified
equipment
the election
at
funds of held on Jan. 11. These bonds
refunding due $2,000 in 1947 to 1950.
bonds, dated May 1, 1934:
Duluth Sch. Dist., Minn.
—
taxes as may
$8,000
proper redemption
the following highway
Price Bid
Brauii, Bosworth & Co., Inc.,
Paine/Webber, Jackson
r
after deducting the premium of¬
& Curtis,
fered, if any. In determining; the Miller, Kenower &
Co.,
net interest cost, interest on pre¬
Eldredge & Co.,
>
/
mium will not be considered as Nordman &
Verrall, and
deductible and interest on bonds Channer Securities
Corp.,
will be computed from/ May 1/
Chicago, jointly,
1946, to the respective maturity
For $353,000, 2s,
dates, No proposal for less than
$260,000, l%s, and
all the bonds will be considered.
J $987,000, 1 y4s ^-r--w-~100.0205
The School District is authorized
(Net interest cost 1.3697%.)
and required by law to levy upon
Lee Higginson Corp.,
all the taxable property therein
Barcus, Kindred & Co.,
such advalorem
.whose bid produces the lowest in¬
terest cost to the School District,
of
authorized
the
$9,000 in 1956, and $6,000 in 1957. the First
of; Michigan Corp., of
Bate of interest to be iri multiples
Detroit, at a price of 100.035, a net
of V4 of 1%.; Principal and inter¬ interest cost of
1.349%, for $613,est payable at the Michigan Trust 000 as
l%s, and $987,000 as IV4S—
Co., Grand Rapids.
The bonds were also bid for as follows:
'
shall
Offering—Claire C. Vin¬
sealed bids until March 25 for the
bonds
of
Colman, Barker,
Barber, of Minneapolis,
&
will be furnished.
cent, District Clerk,/will receive
purchase
Mich.
Offering
Bond
Bank of
Scott
///;/'/
County Road Commissioners will
s/tips Graded. Sch. Dist. No. 3
";:./■ (P. O. East Grand Rapids), ;
Pooge, Secretary of the Board of
Education, will receive sealed bids
Clemens), Mich.
Tenders Wanted—The Board of
1489
trust company designated by the
purchaser. * The approving opin¬
ion of Dorsey,
County Northern School
No. 48 (P. O. Bemidji),}:
Dist.
County (P. O. Mount'
Sf |jf|'
Beltrami'
receive sealed tenders until 2 p.m.
Grand Rapids and Paris Town¬
Bond
109
City
the
Treasurer.
Macomb
MINNESOTA
of the par value of
bonds, ' payable to
ffv
;
(P. O. Chatham), N. ? J.,-W ;
Sale—The $150,000 con-
Bond
•
struction bonds offered for sale on
lieved of his ^'Obligations under
the Contract 10 purchase the bonds
and * in such case the deposit
ac¬
companying his bid will be
re¬
turned.
The
successful
bidder
will be furnished with the opinion
of Hawkins, Delafield &
Wood,
of New
York, that the bonds are
valid and legally binding obliga¬
tions of the City.
Enclose'a cer¬
tified check for
to the
City.
;
Refunding
.
$10,120,/payable
.
Issue
Apprpy^dr1Commission
recently approved the city's apThe
State
Funding
THE COMMERCIAL & FINANCIAL CHRONICLE
1490
plication to refund $690,000 bonds.
The application
was
part of a
complete plan providing for re¬
funding of a portion of indebted¬
ness
maturing over the next six
years for the purpose of equal¬
property
all taxable real
Town,
within which district will be
sub¬
the levy of ad valorem
taxes to pay said bonds and in¬
terest thereon, without limitation
as to rate or amount.
Said bonds
are issued pursuant to the Consti¬
izing the tax rate.
tution and Statutes of the State,
Somera Point, N. J.
including among others, the Town
Financial Operations Praised—
Law and Local Finance Law.
The
ject to
approval
The statutory authority to ac¬
the
complish the objects or purposes
State
Funding' Commission
ex¬ for which said, bonds are to be is¬
pressed
the opinion that the sued is the Town Law. Said Fire
"financial position of the city re¬ District was created on March 22,
flected considerable credit upon
1932, tinder Section 38 of the
the city officials" and indicated
County Law.
No down payment
the wisdom of approving the re¬
is required by Section 107 of the
funding program previously car¬ Local Finance Law.
In the event
ried out by the municipality.
As that prior to the delivery of the
a result of the 1945 refunding, the
bonds the income received by pri¬
with
connection
In
its
1946 municipal budget,
of the
city closed its fiscal year with a vate holders from bonds of the
surplus revenue balance of $25,- same type hnd character shall be
200.59, after providing full re¬ taxable by the terms of any Fed¬
serves
for all ■ non-cash items.
eral income tax Jaw,the success¬
The local purpose levy for 1946
fulbidder may, at his election, be
is $66,234.84, or about $4,600 less relieved of his obligations under
than in 1945, and Collections of the contract to
purchase the bonds
estimated at and in such case the deposit ac¬
some three points less than the
companying
his bid
will be
73.7% of the current levy col¬ returned.
The bonds will be de¬
lected in the previous year.
livered at New York City, or at
of $119,000
such other place as may be agreed
with the purchaser, about April 1,
MEXICO
Dester, N..Mex,
Election—An
Bond
water arid sewer bonds
issue of
amounting
$35,000 will be submitted to the
election to be held
to
voters at the
April 2.
on
vj
Elida, N. Mex.
■
opinion of
Vandewater, Sykes & Heckler, of
New York City, wil be furnished
to
the purchaser without cost.
Enclose a certified, check for $680,
payable to the District.
The approving
1946.
.
"
.
„
J
'" "* '
.
payable to the Authority by the
FPHA under and
subject to terms
sewer
and water, bonds amounting
will be submitted to the
to $75,200
the City election to be
at
voters
held
of
on
April 2.
Roswell, N. Mex.
Election—An
Bond
water and sewer bonds
to
issue
of
amounting
Bidder
amount of bonds in any
preceding
maturity with the exception that
the amount
maturity
of bonds in the last
vious maturities.
'
,
,
r
„.
NORTH CAROUNA
J
i
Salisbury; N.- C.
Bond
Election—An
of
issue
water
supply, sewage disposal
system,- airport renovation and
swimming pool bonds amounting
to $1,170,000 will be submitted to
the
voters
held
the
at
election to
be
NORTH
be held
on
April 2.
*
*
'
Premium
"
Braun, Bosworth &
•
Co., Inc. ——•
Fahey, Clark & Co.——
3,017.00
2,0091)0
I
2,976j00
Stranahan, Harris &
•
Co., Inc. —:
Provident Savings Bank
& Trust Co., Cincinnati
Halsey, Stuart & Co...
DAKOTA
$345,000
receive
authorized
bonds
at
the
OHIO
to the
Village Treasurer.
follows:
Pre-
,y"..
■
Bidder
J.
'
White
A.
Rate
Company
Ryan, Sutherland and
•
.*
Paine,
Webber,
Curtis
1 and
V/2%
Beach, N, Y*
•
With,
565.00
Ryan, Sutherland & Co.
Paine, Webber,. Jackson
;
'
'•
'
■' :!>■•
.*
Tucumcari, N. Mex.
Bond
Election—An issue
the
same
t' 'v-
* -
■
*'
vv
v
•
(P. O. Stoutsuille), Ohio
of
v*r»'
Bond
Offering
—
ceive .sealed
(EST)
bids
until
11
re¬
a.m.
March 22 for the pur¬
following coupon or
registered
bonds
amounting to
$34,000, not exceeding 5% interest:
on
chase of the
$20,000 series A, building addition
bonds.Due April 1, as follows: $1,500 in 1947 to 1958,
*
and
$1,000 in 1959 and 1960.
Period of probable
usefulness
is 15 years.,,
14,000 series B, issue of 1946, fire
truck bonds.Due>iApriI 1,
as
follows; $1,500 in ,1947 to
0;:- 1955, and $500 in 1956.
Pe¬
riod of probable usefulness is
10 years.
Dated
,
•
April 1, 1946. Denomina¬
March
the
for
21
(EST)
purchase
Issued fori the re¬
.outstanding
of
funding
bonds
issued to aid in financing the cost
N.
must
for
the
bonds
proposal
maturities
serial
on
1
Nov.
said
Fire
District
No.
1
of
the
Ohio Co., of Columbus—
of each
beginning Nov. 1, 1946 and
ending not later than Nov. il,
1997.
Each proposal must contain
annual
maturities
so
of
the
The
■
■Cuyahoga County (fr O. Cleve¬
land), Ohio
bonds
-
Bond Election Requested
The
(the first cal¬
1946), except
the last calendar year will absorb
as nearly as practicable the sum
was
requested recently by the
County Tuberculosis Trustees, to
submit to the voters at the
pri¬
mary election to be held on May
being
Board
of
serially in one to 23. years. These
bonds are part of an authorized
Principal and
issue of
—
County
endar; year
6ffering~-Geprge A.,. Buf.
goon,
,
principal and interest payable in
each calendar year
a
of
yield of 1.10% which equals
a
in June ©11945.
3
♦
Reily Township Sch. Dist.,. Ohio
Bond Sale—An; issuei of $22,"000
school
bonds
was
awarded ;
on
Cincinnati, as IV4S, at a "par plus
premium of
$159, equal to
100J22; the following bids, for
a
li/zs, also were subipitted for [trie
issue
^
07;'-
Bidder
Second
..;
■'7J"'' Premium >
National
Bank,
:
.
^
___$440.00
224,00
Ryan, Sutherland & Co.— 153.00
Provident Savings Bahk^ ».
•
Hamilton
Pohl & Co,
& Trust Co.;—94.60
-
Sharonvillq Local Sch. Pijtt,, Qhio
Bond JSale—An "issue of build¬
ing bonds amounting to $118,000
and
offered* for/sale on March
163,> p. 1210—was awarded
Ryan, Sutherland; & Co,,7 of
Toledo; as IVfs, at ^a price,, of
101.44, a > basis of about-1.123 %.t)
Dated March 1, 1946., Denomina^jj
tion $1,000.- These bonds are due
on
Sept. '15, from 1947 to 1969.
Following "bids,: all for
;
were
•
l^s,
submitted for the issue:
...
of inter¬
arranged that: (1) the
Ohio
20
to
Lima, Ohio
Bond
for
high today, at
,
the bid.
c
new
March 9 to" J. A. White; & ,Co^ of
..
bid for all the bonds and pre¬
scribe the rate or rates
to
^
City Auditor,, will receive
Paine, 'Webber; Jackson •- * •
sealed bids until noon on March
&. Curtis
100.794 18 for the'purchase of. $750,000
The folowing is .a list of the second
mortgage
water
works
bids (all for Is) submitted for the revenue bonds.. Dated April 1,
issuer.
"
,:■■■
1946.
Denomination $1,000.: Due
year,
a
100.907
a
the high set
37.10
son), Ohio
Offering—M.
.Bond
market
the
1.15 %/ compared With
1.16% a week ago. The index for
10 lower, grade bonds also set a
new* high
at a. yield of L29%^
compared with 1.30% last week.
The index for 10 high grades rose
yield
w
Cincinnati
;
of
dex
District Clerk,
Ryan, Sutherland & Co... 101.085
Each
Y,—3-1.
prescribe
playground,
"
Co. ,of
bonds, set
>
-
Bidder
Price Bid
J. A. White & Co.—-.1.
101.098
project known as-.Mulford
designated as Project
Gardens,
shall be
Principal and
interest payable at the Schnectady
Trust
Co.,
Schenectady. ~ The
bondsdwill be' valid and legally
binding general
obligations
of
of
ing
amounting to $3,142,000.
Dated May 1, 1940.
Denomina¬
all
bonds.
on
A, issue of 1946, refund¬
coupon or registered bonds
$1,000.'
Ohio (State of)
$89.00
Bank '
C. Smith,
recreational
will receive sealed
facilities and equipment Fund No. bids until 7 pmi on March 26 for
6 bonds offered for sale on March the
purchase of $70,000 building
8—v. 163, p. 1082—was awarded
bonds; npt;e3trieeding^3% interest*;
to Halsey, Stuart <& Co.. as Is, at .a Dated April 1, 1946. .Denomina¬
price ot .101.126, a basis of about tions $1,000. Due $1,000 April and
0.806%. Pated April 1, 1946. De¬ Oct. 1, 1947 to 1951, and $1,000
nomination $1,000.
These bonds April and $2,000. Oct. 1, 1952 to
are
due $2,000 Nov. 1, 1947 to 1971.: Rate of interest to be: in
1956. The next highest bidder was multiples of Va of 1%.. These are
Sweney, Cartwright & Co., for Is, the bonds authorized at the gen¬
at a price of 101.11. Other bidders
eral election on Nov. 5, 1945.
En¬
for 1% bonds were as follows: i v. close a certified check for 1% of
series
No.
Cincinnati
Columbus, Ohio
receive
will
Chairman,
sealed bids until 1 p.m.
of
These bonds
due in 23 years.
park,
W. Arm¬
Bond Offering—James
strong,
tion
March 5.
De¬
$1,000.
These bonds
Jan..l, from 1948 to 1957.
next highest bidder was
Bond Prices Climb—J. A. White
&
Lick Local Sch; Dist. (P. O. Jack-
Housing Au¬
thority, N. Y.
est to be borne by the bonds.
the
are
on
The
;
Co.,
Provident Savings
Bond Sale—An issue of $60,000
tion $500.
Rate of interest to be
in multiples of % or one-tenth
of 1%, and must be the same for
of
tion held
Yonkers Municipal
M.
Albert
Sachs, District Treasurer, will
J. A. White &
$88,000
due
Assel, Kreimer-& Co., for $48,000
Is, at a price of 100.20,4 and for
$25,000 Is, at a .price of 100.25.
Premium
Bidder
favorably voted at the elec¬ v;J & Trust Co.,c
tified check for 5 % of the amount
Schenectady), N. Y.
plus a premium of $115, equal
bonds
to
are
offered
a
was
.bid.;;;-
Niskayuna Fire Dist. No. 1 (P. O.
bonds
improvement
ing
amounting
•
■■■t
price of 101.15. • Dated Dec.
1, 1945 and due $1,000 on Dec. 1,
from
1947 to
1956 inclusive.
Other bids, also for IY4S, were:
Byes-
Bonds Voted—An issue of build¬
cipal
and interest
payable at
amounting the Seaside Bank, Westhampton
to $99,000 will be submitted to the
Beach.
The approving opinion of
voters at the City election to be
George W. Percy, Vilage Counsel,
held on April 2.
will be furnished.
Enclose a cer¬
I
Bank,
par
to
Clearcreek Township Local Dist.
water and sewer bonds
NEW YORK
National
000
vine.
of. 1%, and must be the
for all of the bonds.
Prin¬
%
First
was
A,
;
on
1, from 1947 to
.
nomination
607.00
Curtis
&
The next highest bidder
J.
Cincinnati, reported' on
MarchU3'.:a$:'foUowsi;b:vc>ft ^"
The Ohio municipal; market .re¬
Goodhope Local Sch. Diet. (P. O.
sumed the rise .to higher, levels
Rockbridge )yOhio
'
Bond Sale—An
issue of $10,- during the past .week and our "in¬
Jackson
due on Dec.
1951.
to
Dated Jan. 1, 1946.
0.825%.
:
Lawrence A. Lamme, City Treas¬
are
awarded
a
.
1,926.00
1,919.00
1,798.00
1,636.00
1,447.0.0
machinery coupon or registered
bonds amounting to $5,000, not
.
Marich 11-tW; 163, p*
on
%,
price of 100.02 a basis: of
about 0.694%
Dated Dec. 1, 1945.
These bonds are due $5,000 ' on
December 1, from 1947 to 1951.
An issue of $48,000 Series No.
1, issue of 1946, water works
Premium
March 7—v. 163, p. 1209—were
for jsale on March 6-~v. 103,]p^
awarded to Fox, Reusch1 & Co., of
827—was awarded to Fox,-Reusch
Cincinnati. Dated Dec.
1, 1945.
& Co.; of Cincinnati, as l^ks, at
Denomination $1,000. These bonds
that all' outstanding 5%
Dated
bonds, dated April 15, 1945, exceeding 3% interest.
1946.
Denomination
April 15, 1956, are called for April' 1,
These bonds are due
payment at par and accrued in¬ $1,000.
terest on April 15, at the Treas¬ $1,000 on July 1, 1946 to 1950.
Rate of interest to be in multiple
urer's office.
sale
at
following are the un¬
(all for Is) sub¬
bids until 2 p.m. (EST) on March
26 for the purchase of highway
of
for
-
Bye8ville,Ohio
$5,000 fire ap¬
due
.'
-
Sale—Trie$25,000 ;4%,
equipment motor bonds offered
bids
Santa Fe, N. Mex.
Bond Call—It is announced by
sewer
Norwood, Ohio
^
White & Co., of. Cincinnati, as
Fahey, Clark & Co.--^Harris Trust & Savings
Halsey, Stuart- & Co...
Stranahan, Harris & Co.
Bond Sale—The
Bond Offering—Lillian E.
to
Bond
Unsuccessful
Bidder
>
Bank
March 5.
Braun, Bosworth & Cq.; op
Toledo,at par plus a
premium
of
$1,013,
equal • to
101.579.
Other bids, also for 1?/4S,
were:
Ryan, Sutherland & Co.,
Toiledm^^/ $936 ?preriiirittn
»Qs;
;ipiite^iGd;!C^citm
$673^ ;"
•
,
on
.
21
Braun, Bosworth & Co.- $2,765.00
Hayden, Miller & Co...
2,665.22
J. A. White & Co
2,454.00
25.00
Wayne County National
of
amounting
to
favorably voted- at
for the $200,000 building
awarded • March 4 to the
Ohio Co.; of Columbus, as 0.75s,
at par plus « premium of $114,* bonds offered for sale on March
equal to 100.057, a basis of about liU-V. 163, p. 1338-^-was riwarded
0.739%, as previously noted in to J. A. White & Co., as Is, at a
v.
163, p. 1338:
price of 100.018, a basis of about
.
Company
bonds
was
^North Canton, Ohio
Bonds Sold—An issue of $65;*
000 bonds was awarded on* FeW
mitted
172.30
W*<A>
.
List
Sch.
(P. ,0. Lyndhurst), Ohio
Bonds Voted—An issue df con¬
.
bonds
223.00
VhVc
Harris and
successful
$303.00
<
Vh'fc
Company
Stranahan,
Bids—The
mium
iy4%
and
Fostoria, Ohio
i
Complete
Euclid
Dist.
12p9—were
Township Local Sch.
Dist. (P. O. Marshaltville),
as
and South
Lyndhurst
Baughman
paratus bonds offered for sale
urer,
trustee.
on
Village Clerk, will receive sealed
'
is requested that the. National
Bank
of
Lima
be, namedas
general
Nov. 6, 1945. Enclose a
certified check for $300, payable
election
the approving ppiniori of
reputable bond attorney,'
expense
some
It
These are Ibe
tiple of. Yi of 1
only fr'om
Works
the election held
1946. Denomination/ $1,000.
Due
$3,000 April and Oct. 1,: 1947 to
1951. Bidders may; bid f or A di^
An issue 'of
ferent rate of interest in ,a mul-
Feb. 28.
on
payable
gross
Water
879.75
well,; Village., Clerk, wiU
Article
earnings of ,; the City!
System and
are;
subject to prior payment of $820,-'
000 First Mortgage Water Works
Revenrie bonds, of the". City,' now
outstanding and maturing serially
from May 1, 1946, to May 1, 1962.
Bidderi shall obtain .at their own
the
$916,000
;
defeated at the elec¬
was
tion held
Section. 12,
be
struction
i
North Dakota
—r
shall
922jOO
Valley City Special Sch. Dist.,
Bonds Defeated
of
18 of the Constitution of the State
and
1,996.00
Fairport, Ohio
; v
Bond Offering •—Pearl L. Cad-
construction bonds amounting to
Said bonds shall be issued under
authority
v
sealed bids until 8 p.m. en April
2 for the purchase of $30,000 3%%
storm sewer bonds. Dated April 1,
May 1. |'
on
.
J; A. White & Co..
be less than in pre¬
may
.
Ryan, Sutherland & Co. $3,597.00
,
:'
$225,000 will be submitted to
Ohio
,
?
Thousand Istand s Bridge Author''
ity, N. Y.
Delinquent Interest Payable—
Funds are available at the Marine
Midland Trust Co., 120 Broadway,
New York City, to pay Sept. 1,
1943, interest coupons on the out¬
standing 4W%
bridge revenue
bonds, maturing in 1967. "
the voters at the City election to
TownshipLocal Sch Dist,
(P. O.. R.R., No, 3, Hamilton),
Contract"), and on the basis that
Other
Bids —The
$225,000
any amount not absorbed in any
building/bonds awarded on March
year
will be carried over and
2 to the Second National Bank,
used for the payment of principal
of Hamilton, as 1 *As, at a price
and interest in succeeding years
of 101.649, a basis of about 1.097 %
as
soon
as
possible.
(2)
The
—V.
163, p. 1338—also received
amount of the bonds; in any ma¬
the following bids, all for 1 ^s:}
turity shall not be less than the
Port of New York
Melrose, N. Mex.
Election—An issue
Fairfield
and conditions of the "Assistance
Authority, N. Y *
"
Ohio ; ; "■
Bond
Election—An issue
of
New Bond Yield Chart AvailBond Sale—The issue of $40,water and sewer bonds amounting
able—Gruntal & Co., 30 Broad 000 building bonds
offered on
to $40,000 will be submitted to the
New York, wil furnish March 6—v. 163, p. 1082—was
voters at the City election to be Street,
upon request a copy of the firm's awarded to Fox, Reusch & Co.,
held on April 2.
new yield chart covering the out¬
of Cincinnati, as lY^s, at a price
Espanola, N. Mex.
standing bonds of the port au¬ of par plus a premium of $507,
Bond
Election—An
issue
of thority, showing yields at various
equal to 101.417, a basis of about
water and sewer bonds amounting
prices to call dates and maturity 1.103%. Dated Jan. 1, 1946. De¬
to $60,000 will be submitted to the and sinking fund operations for nomination
$1,000. These bonds
voters at the City election to be each issue.
The date has been are due on April and Oct. 1, from
held on April 2.
;
1947 to 1966. Other bidders were
compiled as of March 15, 1946.
Bond
7» art issue of tuberculosis hospital
bonds amounting to $5,000,000. ;
(which is the amount
of the Fixed Annua! Contribution
current tax levy are
NEW
Monday, March 18, 1946
U''V*' 'TX-'fy'v
vsi.v
■
Commissioners
$1,500,000.
interest
(A. & O.) payable at the
City Treasurer's
officer No dis¬
count bids will be
considered and
bidders, shall-specify how; many,
on
what
miums
dates and. at what pre¬
bonds
.
shall
be
,
callable.
^
Bidder
!
'
" " premium
Ryan, Sutherland & Co--$l,709.00
Fahey, Clark & Co.——., 1,561.00
Stranahan, Harris & Co.1- 1,057.00
J. A. White & Co
" 989.00
Halsey, Stuart & Co,, Inc.
Braun, Bosworth
ProVident
g. 922.76
&':Co'.—Vt 833.00
Savings' Bank^
'
& Trust
Co.lLSiL!m^>; 801.40
v
Volume 163-
Number 4473
THE COMMERCIAL & FINANCIAL CHRONICLE
for
the
purchase of $7,000
transportation
and
equipment
bonds.
These bonds are due $1,-.
12
Thompson Township Local Sch.
Dist. (P. O. Rl No. 3, Belle"
/,:"Z
Bond
vue), Ohio
Offering—Merlin
•
Good,
District Clerk, will receive sealed
000
bids until 8 p.m. on March 22 for
the purchase of 3% building and
the
be
bonds
on
$5,000
follows:
and
due
in
are;
for
Enclose.,
certified
a
check
$5,000* payable to the District,
These
the
are
January
bonds
offered
11,' for which
on
bids
no
-
awarded
.
$5,000 airport
bonds offered for sale
were
eral
and accrued
par
Jan.
on
10
1949 to 1953.
the
Small-Milburn
Cheyenne, Okla. * 0' Election Held-^Aii issue
water
system
construction
Bond
Of
history.
Election
water
bonds
amounting
to
$15,000,
not
works
-Sale
following
bonds amounting to $200,000 and
for sale on Jan. 31 were
offered
awarded
tional
to
the
-
Oklahoma
Na¬
Bank, of Chickasha:
Bend
<
a
Due $10,000 in 1949 to 198:.
-
'
20,000 storm sewer bonds, at
interest- cost of
net
a
0.99%.
Due $2,000 in 1949 to 1958.
1
15,000 fire equipment bonds, at a
net
interest cost qf 0.90%.
Due
$2,000 in 1949 to 1954,
$3,000 in 1955.
•/.
15,000 garbage disposal bonds, at
and
the
voters at
March 16.
on
net interest cost of 0.90% J
Due $2,000 in 1949 to 1954,
>
:
'■«
on
highest bidders
Bidder;-
Jan. 9.
The
were:
'
v
■
Price
'
Bid
/
First National Bank,
Si Chickasha,
$56,500
sanitary
S
*•
water
bonds.
///?•'
municipally
and
electric
5%
by law
come
within
Attorney-General
Mac
Q. Wiliiamson ruled, Feb. 28.
Pointing put .that separate schools
are
financed on a county-wide
bbsis, Mr. Williamson said that
for the purpose of financing such
the
county
comprises
upon
either
districts in the
school
individual
county
or
the county government.
In the
opinion, given to Blaine County
Attorney Anna Armstrong, Mr.
Williamson held that authority to
expend the funds - would lie with
the County Commissioners.
Shawnee
:
School
District,
Qhla.
$245,000
the
subject
—The State
Supreme Court Feb.
28, in a 3-2 opinion, sustained con¬
stitutionality Of a 1945 Act pro¬
viding for a rebate of 5 cents
from the 6-cent gasoline tax on
fuel
used
in
farm
1969/
re¬
Written
Remaining
$348,311.
cannot
machinery for
of
the
were
be
\ Gross
Justice
Taylor
.
The
called
bonds
water
in
.
,
of 1946 bonds.
follows:
/
Due Jan. 1, as
ih Z1947
to
1951, $7,000 in 1952, $8,000 in '/
$10,000 in 1954, $12,000
in 1955 and
1956, $13,000 in
1957 and 1958,
$30,000 in 1959
/
$6,000
:/ / x/1953,
///
and 1960, and
$35,000 in 1961.
25,000 Street Improvement Series
of 1946, A bonds. Due
Jan, 1,
follows:
as
$1,000 in
1947
*
to
1953, $2,000 in 1954 to 1959,
and $3,000 in 1960 and 1961.
Dated
April
1,
1946.
Denom¬
ination $1,000. Split interest rate
bids will be
accepted, but the rate
must be in multiples of Y\ of
1%,;
and no bid will be considered
at
less
than
and. accrued inter¬
Principal and interest pay-,
able at the National City
Bank,
New- York.
The $25,000 Street
par
est.
Improvement
1946-A,
bonds,
represents
of a
total
portion
Series
the
of
unsold
$100,000 /
Street Improvement issue author¬
ized at an election held on
April
20, 1942.
All
other bonds above
were
authorized at an*
election held on Jan.
15, 1946.;
The successful purchasers will be/
furnished
with
the
advance
of
revenues
of the three
last year were $15,772,-
On Jan.
1, 1946, it Was figured
properties of the division
T.
and
and
Retire¬
1945 amounted
1971.
utilities
1955
1957,
described
unconstitutional,:
by
$70,000 in 1960 and 1961.
Public
Building Series
depart¬
water
maturity, and are payable through
highway funds and
therefore
all
to
ment of bonds in
to
ground that the rebate constituted
was
1945
ment debtUs^^ $3,428,000.
farm purposes.
A group of bond¬
holders had brought suit on the
of
of
optional
retirement
were
redeemed, and; those ; how
outstanding mature serially until
(State of)
Tax Rebate Law Sustained
Gas
■
summer
$4,770,000 electric bonds that
South Carolina
diversion
Sale—The
Bond
the
SOUTH CAROLINA
a
single school district* hence is
'not subject to 'debt limitation im¬
posed
valorem
in
Despite
percentage of profits
to gross earnings, according to the
report of Maj. Thomas H. Allen,
president of the division. A con¬
siderable
part
of accumulated
earnings is' earmarked for new.
construction
and
repairs which
had to be deferred during the war
period.
The gas utility, acquired
in 1939 from the proceeds of a
$6,250,000 bond issue, has been
debt-free since 1944, while out¬
standing electric debt has been
cut to $4,769,000 from the original
total of $15,750,000 in 1939.
In
to the, purchaser only
proceedings have been
approved by the Department of
internal Affairs and isubject to the
favorable opinion of Saul, Ewing,
Remick & Saul, of Philadelphia.
Enclose a certified check for 2%
ol the par value of the bonds, pay¬
able to the County Treasurer.
imposed
Light, Gas &
to lower the
delivered
after
counties and school
upon
$2,275,216 achieved
Water Division in 1949.
taxes. The bonds will be sold and
limitation
debt
high
in the first full year of the opera¬
$25,000 in 1948 to 1953,
and $20,000 in 1954 to 1956. Pay¬
Separate School Bonds Exempt
From 5 % Debt Limit—Separate
'
,
1945 calendar year, and compares
follows:
(State of)
.
Due Jan. 1, as
$6,000 in
1947
to
1951, $7,000 in 1952, $8,000 in
1953, $10,000 in 1954, $12,000
:
last year's high profits, mounting
labor and material costs served
ad
Due
1956, $13,000 in
1958,
$30,000
in
1959 and
water,
gas
1960, and $35,000 in
systems reached a If/ 1961.
^
y
of $4,371,374 in the
200,000 Park Improvement Series
owned
with the net of
from unlimited
bonds.
follows:
general funding obligation bonds,
not exceeding 2% interest./ Dated
March 1, 1946.
Due March 1, as
' ./p
Oklahoma
,
and
200,000
TENNESSEE
record
able
1946
follows:
as
1954, $28,000 in 1955, $36,000
in 1956, $32,000 in 1957, $38,000 in
1958, $65,000 in 1959,
the
tions'' of the city's
extension
Works
of
,
1,
■••/■/■•
/improvement,
$18,000 in
1947, $24,000 in 1948, $18,000 in 1949,
$15,000 in 1950
and' 1951,
$12,000
in
1952,
$28,000 in : 1953, $31,000
in
///Z
to
.//
sealed bids until 2 p.rh. on March
25 for the purchase of $210,000
bonds.
10,500
Series
certified
payable
April 2 for
on
interest:
Street
*
Jan.
•
Memphis, Tenn.
Utility Operations Fruitful —
Net profits from operations of the
Offering—Robert Gibson,
County Controller, will receive
system
sewer
exceeding 2%%
$500,000
issue
bonds
.
.
of
Shawnee, as follows: for $35,000, maturing in 1949 as Is, and
$210,000 maturing $35,000 in 1950
to 1955 as %s. The next highest
bidder was Evan L, Davis.
.
For $150,000 l-lfts
K.t J. Edwards* Inc.,
; For $20,000
1-1 %s ——100.025
ff For $15,000 %-l
_100.013
vv
<
gjFor $15,000 %-l
/
_
_
)
SpiroSchool District, Okla.
Bond ElectionHeld—An Issue
of. construction
and
supply bonds
amounting to $20,000, not exceed¬
ing 4% interest was submitted to
the voters at the election held
Claremore, Okla.
^Bond
March
Offering>^rM.^rk,"City
Clerk", will receive sealed bids
11.
These
in 20 years.
•
bonds
are
on
due
in which
the court had held diversion in¬
valid. These cases, he said, "were
Eastern Oregon College of Educa¬
tion (P. Oi Corvallisf, Dre.
$248,500 / water works extension
//
and improvement, bonds. Due ^ Bond Sale-^The $150,000 dormi^
$12,000 in 1949. to 1968, and tory building addition reveriue
bonds offered for sale on March
^ V $8,500 in 1969.
/
9—v. 163, p. 1210—were awarded
50,000 electric light extension
to the First National Bank,
of
y ^ and Improvement bonds. Due
These
$3,000 in 1949 to 1964, and Portland, and Associates.
bonds are due semi-annually over
f
$2,000 in 1965/
a period-of 25
years.
;
64,500 - sewage disposal system
bbrids.- Due $3,000 in 1949 to
PENNSYLVANIA
> ^ 1969, and $1,500 in 1970:
.
.
,
Berks
der-offering
County (P. O. Reading), Pa.
Note Offering—Ralph E. Schoener, County Controller, will re¬
concerned
with
legislative at¬
tempts to divert larger amounts ol
gasojine
tax
to
purposes
foreign to its levy
but the
present is not an effort to divert,
..
but
to
the bonds authorized at the elec¬
tion held
on
Feb.
check
certified
19.
for
Enclose
2%
of
a
the
amount bid.
«-
•
•
'
~
Comanche
Geronimo
and
/ -x/
Cotton
Counties,
Joint Consolidated
Sch.
Dist. No. 4 (P. O. Geronimo),
/ •//
Bond
phy,
/J/ O&far. '
Offering—Mack D.
anticipation
Due Sept; 30, 1946.; Issued in an¬
ticipation of - the collection of
the collection of taxes levied and
assessed
Mur¬
other
notes
March
notes
amounting to
$600,000.
Dated March 30, 1946.
Bidders to designate denomina¬
tions/. in
multiples
of
$25,000
District^jerku^ill receive
sealed bids until 2 p.m..; on
exempt
,
for
the
current
will
year
1946
revenues.
and
L The
be sold to the highest
responsible .bidder, provided, such
$43,912,300.
Weakley County (P. O. Dresden),
Tenn*
a
Bond Sale—The $425,000 series
.
single
users
from payment, of
except to the extent of
per gallon... ."
class
the
of
1945,
electric
offered for
of
Equitable
approving
opinion of the
Attorney-General '
Texas; ;McCall;/Parkhurst
Crowe, of Dallas, and Vandeof
water, Sykes & Heckler, of New
York.
Each bid must be
panied by
check in
accom-
a certified or cashier's
amount equivalent to
an
revenue
on
March
bonds
6—v.
City. It is the intention of the
City to consider the four bond, is¬
collectively, and it is not
asking for bids for less than all of
sues,
the four issues. The City reserves
the right to waive irregularities
and to reject any and all bids.
The
the
bidder
bonds
may
are /
specify that
not available
delivery by June 1,1946, the
cessful
bidder at his
Securities
if
for
suc¬
option may
Corp., and be relieved of further
liability to
Strariahan.t Harris & Co», Inc., of accept the
bonds, whereupon the
Toledo, jointly, at a price of good faith check will
pointed out that
be returned
have
100.035,
a
1.280%;
as
of
sale
163, p. 1210—Were awarded td the
tax
cent
one
laws providing tax exemption "or
concession" to gasoline for/farm
the
States
interest
net
cost
of
/follows: For $70,000
maturing December 1, $10,000 in
1948 and 1949, $50,000 in 1950 and
machinery,
and
likewise after the return of
such check the City shall be re¬
lieved
of
further obligations
to
the successful bidder.
the, 1951, $20,000 in 1952 as lV4s, $70,rebate would decrease highway 000 maturing December 1, $20,000 Andrew* tndep. Schy Dist., Texas
in 1953, $25,000 in 1954 and 1955
department
Bonds Purchased—Am issue of
revenue,
Justice
Stukes j said this Was merely a as l^s,! and $285,000 maturing 1%% series of 1946, school house
December 1, $30,000 in 1956 and
bonds amounting to $200,000 au¬
"prognostication that is also un¬
tenable" because "prkctically all 1957, $35,000 in 1958, $40,000 in thorized at the election held on
1959 to 1962, and $30,000 in 1963
tax Jaws look- to the future and
Jan. 15, was purchased recently
De¬ by William ;N/
their results are not predictable as 1V4S. Dated Dec. 1, 1945.
Edwar^^': Co.iZof
nomination $1,000.
Interest J-D. Fort Worth. Dated Feb!
with mathematical
accuracy....
1,1946.
The General Assembly has de¬ Other bidders were as follows:
Legality^ approved^ by McCall,
/
As
to
the
contention
that
cided that the gasoline la*
not
>/
will
..
Bidder *
A;
Jv C. Bradford &
decline, but increase."
ceive sealed bids until 2 p.m. on
March 19 for the purchase of tax
the lowest rate of
interest and agreeing to pay par
and accrued interest. These are
at
the
Justice Stukes
OREGON
investments and actual plant fa¬
cilities under construction valued
diversion; suits,"
three-fourths
March 18 for the pur¬
chase
of
the
following
bonds
amounting to $363,000:
Award will be made to the bid¬
involved in "former so-called gas¬
oline
•
un¬
til 2 p.m. on
*
$3,600
a
p.m.
of 1946 bonds.
-
the election held
.
for
Enclose
8
pair and equipment" bonds offered
that
*
hnd-$3,000 in 1955.
2% of the par value of the total
Stukes, the majority opinion said
for sale on March 11 were award¬
This fig* amount of
that "vitally different facts" were were Worth $57,567,580.
These twMds were authorized at ed to
bonds, payable to the
the Federal National Bank
ure
includes the $10,000,000 in
next
fe!
check
11
lowing bonds amounting to $67,not exceeding 3% interest
were sub|hitted/tO the" voters at
the election held on March 12:
-a
*
,
An
—
revenue
or
until
purchase
of
the
following
bonds amounting to
$925,000, not
,
Northumberland County (P. O.
Stinbury), Pa.
000,
schools
sewer bonds, at
net interest cost of 1.05^%.
$150,000 sanitary
cost
•
water
y4
bids
the
computed to the ;/ /
stated maturity; dates.
The citywill furnish the printed bonds and
■,
the approving opinion of Dorsey,
Colman, Barker, Scott & Barber,
of Minneapolis. All bids must be
; : /
amounting; to $1,650,000 was pur¬
chased on March 4 by Harrison
& Co., of Philadelphia.
Dated
Jan. 1,1946. These bonds are due
on Jan. 1, 1948 to 1982.
Lamont, Okla.
Election Held—The fol¬
districts,
Okla.
The
Purchased
1%%
rate of
of
City Treasurer.
:
Bidders
one
Bond
Offering— J.
C.
Lilly,
City Auditor, will receive sealed
ferred according to the lowest net
interest
Municipal Authority, Pa.
Bonds
or
TEXAS
Amarillo, Texas
Bids will be pre¬
unconditional.
of
issue
name
multiples
1%.
Le wist on
con¬
the
to
the
Chic kasha,
l/10th of
certified check for
a
in
Bond
submitted
school bonds do not
.
and accrued interest.
required to
interest
$5,000,
payable to the County Treasurer.
improvement
mitted to the voters at the elec¬
tion held 011 March 15.
Borfd
No
;
bank
designated by the
bid for less than
company
purchaser.
suitable
are
close
Held—-An
exfceedii^:6%interest/ wak sub¬
*
at
par
bonds amounting to $105,000 was
Bond
pf'
any
trust
on
posited with the bid.
The notes
issued subject to the favor¬
able opinion of Townsend, Elliott
& Munson, of Philadelphia.
En¬
March 5.
election held
to
interest
character which
to the return of, the amount de-
equipment bonds
amounting to $135,000 was favorably voted at the election held on
An.issue of $7,000 water works
extension and improvement bonds
also, offered
on,
Jan.
10, was
awarded
the
or
Principal and interest
payable
are
..
Co., of Wichita, at a price of par,
a
net interest cost of 1,78%, as
follows:' For $5,000 maturing $500
in 1949 to 1958, as 2s,: and $2,000
maturing $500 in 1959 to 1962,
as, lM>s.
5-f//:
class
a
thereafter.
notes, will, at the
purchaser, relieve
the purchaser from his obligations
under the terms of the contract
of kale and entitle the purchaser
Hugo, Okla.
of 100.20, a basis of about
1.458%,
These-bonds are due $1,000 in
1, 1954, to be subject to re¬
demption at par on Jan. 1, 1948,
and on any interest payment date
includes these
Voted—An issue of
to^t^
Tnist Co.* of Okla¬
City, as 1Vzs, at a price
tax
income
notes of
certified check
a
School District, Okla*/
Duncan
tional Bank/&
homa
and
struction/and
Arnett, Okla.
Sale—The
will
offering
interest
of the amount bid.
Bonds
Bond
of
Enclose
be the best in
v
OKLAHOMA
Award
bidder
the
rate
Drumright, Okla.
Bond Payment F&nds Available
•Holders of $10,000 bonds which
matured July 1, 1945, are advised
to
present
them for payment,
without delay, to Kermit Nash,
City Treasurer. The City's finan¬
cial indebtedness is/rejported to
received.
were
1955.
to
to
Jan.
.
election of the
for 2%
October 1, as
1947 to 1959,
der$ may bid for a different; rate
of; interest in a multiple of Y\ of
1%»
interest.
$1,000., These
$6,000 in I960 to 1969." Bidf
1949
lowest
agreeing to pay:
equipment coupon bonds amount¬
ing to $125,000.
Dated April 1,
1946. Denomination
in
made
bid is not less than par.
The en¬
actment, at any time prior to the
delivery of the notes, of Federal
legislation which in terms, by the
repeal or omission of exemptions
or
otherwise, subjects to a Fed¬
1491
V;
Price Bid
Co.,
Parkhurst &
t
;
SOUTH
$130,000 1V4S, and
;f
$225,000
-100.017
<Net interest cost of 1.399%.)
DAKOTA
Madison, S. D.
C. H. Little & Co.
H Bond Offering—Geo. H. Simp¬
son,
City Auditor, will receive
sealed
and
Davidson & Co., and
Fidelity Bankers Trust Co.,
oral bids until 8 p.m.
April 1 for the purchase of
$180,000 electric light and power
system general obligation coupon
bonds, not exceeding iy2% inter¬
est. Dated April 1, 1946. Denomi¬
nation $1,000.
Due $10,000 Jan.
and July 1, 1947 to 1953, and $40,000 Jan. 1, 1954„ Bonds maturing
for
and
in
<Net interest cost of 1.446%)/// are. the
election
Nashville Securities Co.,
For
$275,000 l%s, and"
,
Crowe/; of Dallas.
/ "-U381
<"■
(Net interest cost of 1.628%)
1955
bonds
held
-
and
fr-
1956.
authorized
on
Oct.
Principal and interest
-
the
$150,000 iy2s ——100.02
.
•
X
v
*;/
Bond Sale—AhIssue' of $50,000
paving bonds whs/ awarded / re-f
cently to William N. Edwards At
Co., of Fort Worth, as 2s, at a
price of par.
Dated April 1,
1946. ,/ Denomination $1,000.
Due
$3,000 in 1947 to 1950, $4,000 in :
1951 to 1953, $8,000 in 1954, and
Knoxville, jointly, :
$10,000 2s, $55,000 Is,
/
$360,000 iy2s
1-100.00 f $9,000
on
WJ.
iBatlinger, Texas
For $170,000 Is,
;
American
Austin,
//fe/
'
pay
National
These
at
-
23,
>
the
1945./
abided
BaftkjJ
•
bw<5
:
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 18, 1946
Teague,
posal is in accordance with the
provisions and conditions of the
notice of sale.
Bidder is to show
total interest cost
accepted
accrued
each proposal
bid will be
on
alternate bid.
or
No
for
than
less
interest.
The
par
and
Commis¬
Texas
Bond Offering
—
Townsend
Clark, Jr., City Secretary, will re¬
ceive
bids until
sealed
on
of
street
the
for
26
March
improvement
7.30 p.m.
purchase
\<
bonds
amounting to $75,000. These bonds
part 01 the $120,000 issue au¬
sioners' Court expressly; reserves
the right to reject any and all
are
bids, take
Sept. 8, 1945.y
larities
its
in
bids, waive irregu¬
accept the bid, which,
new
or
discretion
it
may
deem
to
thorized
a/certified cheek
Enclose
election
the
held
on
Trinity County (P. O. Groveton),
f;
be for the best interest of the Dis¬
trict.
at
i, v'.-ic./v>:o/ Texas
Called—C.
Bonds
Y'YYY'; •"■
M. Garrison;
oi,
County Treasurer, has announced
road
refunding bonds, Nos. 303 to 350,
amounting to $48,000 are called
for payment on April 10, at the
2y2% water works and sewer sys¬
State Treasurer's office in Austin.
for
$32,000, payable to the County
Judge.
w
%
Mercedes, Texas
Bonds
tem
V
Purchased-X^Ln issue
bonds
revenue
$300,000
amounting to
purchased
was
]
recently
by Crummer & Co., of Dallas, at
price of par.
1945. These bonds
a
Dated Dec.
that the 3*/2% series of 1941,
Dated
in 25 to 26 years.
15,
VERMONT
due Dec. 15
are
follows:
$2,000 in 1949, $8,000
in 1950 to 1952, $9,000 in 1953 to
as
1956, $10,000 in 1957 to 1959, $11,in 1960 to
1963, $12,000 : in
1964 to 1966, $13,000 in 1967 to
000
1969, $14,000 in 1970 to 1971, $15,1974, and $16,000 in
000 in 1972 to
1975.
Optional Dec.
15,
1955, in
inverse numerical order.
Principal
payable at the Mer¬
cantile
National
Bank,
Dallas.
These bonds are part of an issue
and
April 10, 1941. Denomina¬
$1,000. These bonds are due
tion
interest
|
Brattleboro, Vt.
Note Offering — William A.
Town Treasurer, will
Shumway,
receive sealed bids until 7.30 p.m.
19 for the purchase of
anticipation notes amounting
$100,000. Dated March 25, 1946.
These notes are due Oct. 10, 1946.
The notes will be certified by the
Brattleboro Trust Co., and a legal
opinion of the Town Counsel will
March
on
tax
to
be furnished with the notes.
$325,000 authorized at the elec¬
held on Dec. 13, 1945, and
constitute an exclusive first lien
«
of
tion
on
and
nues
a pledge of the net reve¬
of the water works and sew¬
WASHINGTON
of
Port
Vancouver,
Wash.
gBond Call—1Tilden W. Randall,
Clerk of the Board of Port Com¬
er systems and are payable solely
from such revenues. The remain¬
missioners, has announced that all
remaining outstanding general ob¬
ligation, series C bonds, Nos. 31
issued unless needed for addition¬
to 180, issued April 1, 1936, are
al improvements and extensions.
called for payment on April 1,
Legality
approved by
McCall, at the County Treasurer's office,
Parkhurst & Crowe, of Dallas.
together with 1 all coupons an¬
nexed thereto, and will be .re¬
Mt. Pleasant Indep. Sch. Dist.,
deemed and paid at their principal
Texas
and accrued interest to
: I Bonds Purchased — An issue of amount
ing
$25,000
bonds
will
not rhe
improvement and expansion bonds April 1, 1946. Interest shall cease
f yyyyy.Jv; %
amounting to $175,000 was pur¬ on date called,
chased recently, at a price of par,
WISCONSIN
by C. N. Burt & Co., of Dallas, as
follows: $33,000, maturing March
yyyy Fennimore, Wis*
Bond Election—An issue of com¬
1, $2,000 in 1947, $4,000 in 1948
and 1949, $3,000 in 1950, $4,000 munity building bonds amounting
in 1951 to 1955, as 2s, $48,000 ma¬ to $35,000 will be submitted to
turing March 1, $4,000 in 1956 to the voters at the election to be
1958, $12,000 in 1959 to 1961, as held on April 2.
2V2S, and $94,000 maturing March
WYOMING
|;}
1, $12,000 in 1962, $13,000 in 1963
Laramie County (P. O.
to 1965, $14,000 in 1966 and 1967,
,r
and $15,000 in 1968, as 2%s. '£C
Cheyenne), Wyo.
Bond Resolution Approved
1
Bonds maturing March 1, 1966
to 1968, are optional March 1, On March 5, the County Commis¬
sioners approved a resolution call¬
1956;
ing for an election to submit to
"
Independent Sch. Dist.,
Newcastle
Texas
Bond Issue
Approved—An issue
of 2V2% refunding bonds amount¬
ing to $10,000 was approved on
February 23 by the AttorneyGeneral. "
V; *
■
;
:;
Bonds
»•
•
Nueces County
i.-y-1
'
voters
the
an
issue
bonds
hospital
of
memorial
amounting
$600,000.
Laramie County
Sch. Dist. No. I
(P. O. Cheyenne), Wyo,
Bond Election — An issue
i
to
^
of
$135,000 construction bonds will
.
(P. O. Corpus
Christi), Texas
Purchased—An issue of
,
the
April 23.
;
be submitted to the voters at
election to be held on
Wz%
road
refunding
bonds
amounting to $100,000 was pur¬
chased recently by R. J. Edwards,
Canada (Dominion of)
Sold-r-An issue of. treas¬
Inc., of Oklahoma City,
:
San Benito Indep.
Bonds
Howard,
Called
—
Bills
Sch. Dist.,
Raymond
was
bills amounting to $75,000,000
sold on March 14 at an aver¬
age
yield of 0.362%. Dated March
ury
G.
Secretary of the Board
Trustees, has announced that
alU outstanding 3 y»%
series of
of
15, 1946. These bonds are due orj
June 14, 1946.
.
1943, refunding bonds, dated Nov.
15, 1943 and amounting to $222,-
000, are called for repurchase on
April 15, at par, accrued interest
premium of $40 on each
bond, at the State Treasurer's of¬
and
DIVIDEND NOTICES
a
fice in Austin.
Sealy Indep. Sch. Dist. Texas
Bond
Sale—The school house
$100,000 and
March 12—
v. 163, p. 1211—were awarded to
Rotan,
Mosle Sc Moreland,
of
Houston,
as
2s, at a price of
100.255, a basis of about 1.983%.
Interest A-O.
Dated April 15,
1946.
Denominations $1,000 and
bonds amounting to
offered
EATON & HOWARD
!
'
STOCK
FUND
,
for
sale
The next
EddieFridley
Co., jointly, for $24,000 2V2s, and
$76,000 l%s, at a price of 100.05,
years
Clerk-Treasurer,
Town
ceive
sealed
for the
from date.
highest bidder was R. N.
man & Co., and Earl G.
bids until
will re¬
March 26
purchase of $128,000 water
supply bonds.
Principal and in¬
terest
payable at the Bank of'
Nova Scotia, Cochrane.
;v y.y
r
East
York Township
on
$500. These bonds are due April
15, from 1947 to 1976. Said bonds
will be callable for redemption
five
ONTARIO
Cochrane, Ont. ;•
Bond Offering—E. J. MacVittie,
*
•
Bonds
(P. O.
y
York), Ont.
V
Purchased—The follow¬
ing bonds amounting to $4,177,000
were
purchased recently by McLeod, Young, Weir & Co., and
Fairclough & Co., both of Toronto,
and Associates:
$1,157,000 improvement bonds as
2V4s.
Due May 1, 1947 to
1954.
Int. M-N.
bonds as
2%s. Due May 1,1955 to 1959.
914,000
improvement
2,106,000 improvement: bonds as
3s, Due May 1,1960 to 1968,
@FedFRASER