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M
N D AY
rat
Volume 155
VV
Number 4051
New York, N. Y.,
STATE
Office
CITY
AND
Price 60 Cents
Monday, March 2, 1942
a
Copy
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
the
retail sales
have
In This Issue
much
expense
for this
jumped in
crease
.
State and City News
York
Curb
of
alone would
than
offset
of
source
half
year
Effective immediately, the financial Chronicle will
published on MONDAY and THURSDAY of each
week, rather than on Tuesday and Thursday,
Monday's
issue will be mailed the preceding Saturday.
Thus, the
security quotations appearing in this issue will be in
in¬
an
than 60%.
be
whole dropped
as a
seven
to
$83,499,817 and reve¬
nues
exceeded
expenditures by
$53,117,809, which is an average
monthly excess of $7,588,258.
The State's total current debt,
which includes outstanding war¬
rants
Exchange
and,
loans
the hands of subscribers much
same
culties will be encountered.
Production costs will be increased considerably in
making this improvement, but we feel that this will be
amply justified by the increased value of the Chronicle
—through supplying you with the weekly range of
security prices from two to four days earlier.
As al¬
ways, we are continuing to "search unremittingly for
opportunities to improve The Commercial & Financial
date a year ago.
In
revealing the favorable trend
finances, Riley said:
"It is gratifying to know the
Unlisted Securities
of the State's
State's financial condition has im¬
Miscellaneous
proved to such
we
(See Index
on
Page 890)
an
extent that
shall be able to operate
out the
soon
with¬
issuance of interest bear¬
Chronicle."
ing registered warrants.
We ex¬
pect to make one additional sale
of
before
warrants
the
final
than heretofore.
hope that this effort to give faster service will be
successful, that no insurmountable mechanical diffi¬
various
from
sooner
We
funds, was $57,407,272 last Jan. 31
compared to $100,371,587 for the
Out-of-Town Listed Markets
NEWS
period from
$95,090,117 in the last
months
GOOD
the
revenue
$87,993,261,
more
Expenditures
from
QUOTATIONS
New York Stock Exchange
New
a
$54,825,394 to
Corporation News
tax
more
.1
re¬
Feb.
24—v.
155, p.
747—were ed. Dated Aug. 1, 1939. Due $1,month. ■> Then, for awarded to Redfield & Co. of Los 000 on
Aug. 1 in 1944 to 1953 incl.
the first time in eight years, ex¬
Bay Minette, Ala.
from holders of such bonds sealed
Angeles, as 3V2S, at a price of
Ncrth of River Sanitary District
Bond Offering:—Mary F. Smith,
cepting a few days in 1937, we.
tenders until March 17, at noon.
100.60, a basis of about 3.41%.
No. 1 (P. O. Oildale), Calif.
will have wiped the slate clean of
Dated March 1, 1942. Due $5,000
_>vTown Clerk, states that she will
Such tenders must specify the
Bonds Sold—The $215,400 semithese interest bearing obligations."
offer for sale at public auction
on March 1 in 1943 to 1957 inch
numbers of the bonds so tendered
ann.
sewage disposal bonds
of¬
on
March 2, at noon, a $47,500
or
offered for sale to the city, Los
Bonds Not
Angeles County (P. O. Los
Sold—The $10,000 fered for sale on May 9, 1941, are
issue of gas system revenue bonds.
and the price at which the same
stated
Angeles), Calif.
to
have been purchased
Garvey School District semi-ann.
Interest rate is not to exceed 5%,
are tendered
or offered.
Bidders
School Bond Sale—The $75,000 bonds offered on the same date— jointly by the William R. Staats
payable F-A. Denom. $1,000, one or offerers of such bonds may
Wiseburn School District semi- v. 155, p. 747—were not sold as Co., and Redfield & Co., both of
%
for $500. Dated Feb. 1, 1942. Due
stipulate, if desired, that their
the only bid received was reject¬ Los.Angeles, as 3s, paying a price
:;r*roh Feb. l, as follows: $2,500 in tenders are for the purchase of ann. bonds offered for sale on
1946, and $5,000 in 1947 to 1955. all or none of the bonds ten¬
Bonds maturing in 1951 to 1955 dered. Bidders shall state in their
may be called for redemption at tenders that the bonds tendered,
the option of the town in inverse if
purchased by the city, will be
Interest Exempt, in the opinion of counsel, from Federal Income Tax by the provisions
numerical order on Feb. 1, 1947, delivered at the
of the United States Housing Act of 1937.
' ■
City Bank Farm¬
( and on any interest date there- ers Trust
Co., New York, on
ALABAMA
April 1, 1967, the sum of $24,367.61, and the city will receive
demption this
■
-
■
'
i
after, at
to
i
and accrued interest March
par
the date fixed for redemption,
pursuant to not less than 30 days'
Rate of interest to be in
:
notice.
4
of
1%
bonds
the
multiples of V4 of 1%. Prin. and
int. payable at the Merchants Na¬
.
tional Bank of Mobile.
Enclose
31.
check for
to the
a
certified
New Issues
of the face amount
tendered,
$3,409,000
payable
city.
Louisville Municipal Housing Commission,
ALASKA
Issued for
Anchorage, Alaska
of constructing a gas
Proposed Bond Issue — Under
system for the town and are pay¬
the provisions of a bill introduced
able solely from gross revenues
to be derived from the operation in Congress, the city is authorized
of the system. The bonds will be to issue $1,200,000 bonds to finance
awarded as a whole on the bid purchase of the Anchorage Light
the purpose
.
'
interest cost.
check
for
2%
of the bonds,
of
the
payable to
*
the Town
Clerk, is required.
The
•
secured
$975,000
refunding
They are
bids for their
received until
City, Ala.
Tenders Invited—City
Tarrant
Sealed
Clerk
a
Z.
D.
the city has
McCuen
states
that
available for the pur¬
out
of
Sacramento
Lopping off of relief and
phenomenal increase in the
sales tax
tion
shown below
three
and
announced
a
half
Harry B.
1959
2.05
2.10
2.10
144,000
147,000
151,000
154,000
99,000
1952
1.85
.90
84,000
86,000
1946
1.30
1947
1948
93,000
1949
95,000
1950
121,000
1961
1955
1.95
123,000
1962
2.10
1956
2.00
126,000
1963
2.15
110,000
1.75
118,000
1.95
108,000
1.70
1.90
1954
106,000
1.60
1953
1960
103,000
1.50
91,000
Maturity
101,000
1957
2.00
129,000
1964
2.15
;
Maturity
bonds
are
redeemable at
the option
of
the
Yield
2.15%
1966
2.20
1967
2.20
1968
2.20
1969
2.25
1970
2.25
1971
2.25
1972
2.25
Commission on terms and under conditions referred
the Resolution, at 104 on or before April 1, 1947
and at decreasing prices thereafter, but prior
maturity at not less than 101V2, plus, in each case, accrued interest.
,
The
to
to
years,
Riley
These bonds are
today.
•,
State's
Jan.
31, 1941, from $77,644,433 to
$8,390,845.
June 30, 1940, the general'teid
was in the red $82,110,559.
public improvement re¬
Unemployment
relief
which
funding bonds of the issue dated cost California
$16,948,917 for the
April 1, 1937, and which mature six months period from July 1,
1940, to Jan. 31, 1941, stood, the
State only $999,136 for the com¬
parable period ending Jan. 31 this
INDEX
year.
The Legislature eliminated
the SRA last June by adjourning
without making any appropriation
See Page 890
for it.
offered when, as and if issued and received by us and subject to the approval of legality by
Messrs. Thomson, Wood & Hoffman of Ne,w York.
,,
Goldman, Sachs & Co.
Even had the State continued to
out millions for direct relief,
Graham, Parsons & Co.
Bacon, Stevensoh&Cof Roosevelt &Weigold B.J.VanIngen&Co.Inc. Paine,Webber&Co.
chase of
1965
115,000
$132,000
134,000
138,000
141,000
$113,000
1.10
general fund cash
deficiency has been reduced since
pour
Amount
2.05%
1.80%
1945
in
Yield
Amount
1951
1944
Maturity
1958
Yield
97,000
80,000
revenue
Controller
Amount
.60%
82,000
$
have put Cali¬
in the best financial posi¬
in
State
Yield
1943
88,000
on
7:
The
Feb. 28.
Condition Found Fa¬
vorable—We quote in part as fol¬
lows from
an
Associated
Press
12—v. 155, fornia
643—were not sold.
being reoffered,
purchases were
Financial
Feb.
Sold—Reoffered—
Not
bonds offered on Feb.
p.
as
AMOUNTS, MATURITIES ANlD YIELDS
Maturity
Amount
California (State of)
dispatch
Sheffield, Ala.
Bonds
Due: April 1,
_____
CALIFORNIA
The town will
the approving opinion of
Chapman & Cutler of Chicago. A
amount
April 1,1942
Legal Investments in the State of New York, in the opinion of counsel, for Savings Banks, Trustees
rand other Fiduciaries, Insurance Companies, the State of New York, its Subdivisions,
■p:
Municipalities and all other Public Bodies and all Public Officers.
& Power System.
supply
certified
Dated:
No conditional bids
will be considered.
'
2lA% Refunding Bonds, Series A
•
showing the town the lowest net
Kentucky
Incorporated
A. C.
Allyn and Company
Incorporated
Otis & Co.
E.H. Rollins & Sons
Incorporated
R. D. White & Company
Incorporated
Fox, Reusch & Co.
Incorporated
Tucker, Anthony & Co.
Incorporated
R. S. Dickson & Company
(Incorporated)
February 27, 1942
Coffin & Burr
Bond, Judge & Co.
Incorporated
Newburger, Loeb & Co.
basis of about, 2.97%. hence, the proceeds from the gas
Florida will be less
Dated June 1, 1941. Due on June 1 tax here in
in 1942 to 1961 incl.
Prin. and than estimated. However, we do
int. (J-D) payable at the County not anticipate any serious trouble
from this source, but believe that
Treasurer's office.
with the money already on hand,
San Pablo Sanitary District (P. O. there will be ample leeway, even
San Pablo), Calif.
with greatly reduced revenues, to
Bonds Sold—The $59,800 semi- take care of requirements, at least
ann.
sewerage
construction
of for some months to come. The
1941
bonds offered on Aug.
8, number of tourists, of course,-, is
1941, were purchased by the Dis¬ much less than normal, but in the
trict Bond Co. of Los Angeles, as last two weeks has picked up de¬
3y4s, paying a price of 100.15, a cidedly and
from ; vindications
basis of about 3.24%. Dated Aug. should continue at a fairly high
1, 1941. Due on Aug. 1 in 1942 level until late in March. Even a
to 1961 incl.
:»
relatively poor tourist crop still
means, in the aggregate, a very
COLORADO
large amount of money distrib¬
of 100.235, a
~~~
Dolores, Colo,
Authorized
Bonds
is
It
—
re-
ported that the Town Council re¬
cently passed an ordinance calling
for an issue of $19,500 water ex¬
tension
bonds.
Dated March
1,
^
Miami, Fla.,
13, 1942, at 9 a.m.
:
The plan of composition mate¬
May
on
of
will,
if
the
ance
bonds
and
v
therefor in cash the
sum
cipal
in our opinion,
particularly
alarming about it and no general
is
weak
nothing
v
plan at the hearing, and are
required to file proof of their
claims
with
the
Clerk
of the
on
or
date
the
before
of
spots
.
17th series, 2nd is¬
the bonds are dated Dec. 1,
Designated
1941, in $1,000 denoms., and mature on Dec. 1, as follows:
$6,000
from 1943 to 1947 incl., and $5,000
;
•
from
int.
First
at
Bank,
.v- New Britain,
at holder's option.
The bonds are valid general oblii gations of the city, and all tax¬
able property therein will be sub¬
ject to the levy of unlimited taxes
i to pay both principal and interest
X on the issue. Legality approved
by Storey, Thorndike, Palmer &
Dodge of Boston.
(J-D)
National
the
.
Prin. and
1961 incl.
1948 to
payable
of
Bank
New
Britain
at the
Boston,
the security of oi paying the costs of acquiring,
municipal bonds. equipping and furnishing a build¬
on
economy
war
Florida
various
buildings suitable as a pub¬
York City, have issued a similar lic municipal hospital and to pur¬
chase a site therefor for the city,
commentary
on
conditions
in
30 Broad St, New
Allen & Co.,
ing
smaller in under and pursuant to the author¬
ity of Chapter 21,578. Laws; of
than the above analysis.
scope
Florida, Acts of 1941, and a reso¬
or
Hollywood, Fla.
all
general refunding Registerable
bonds, numbered 1 to 1103, series No bid will
1937, dated Sept. 1, 1935, due on than 95% of
March
on
1,
Sept. 1, 1965, are rescinded
declared to be ineffective.
and
Jacksonville, Fla.
Paying
Municipal
Thev
York
following
Discussed—
statements
are
issue of
taken from the February
the
munici¬
pal developments, put out by A.
B.
Morrison
&
Co.,
Congress
Building, Miami:
Prices
of
Florida
Municipal
bonds have fallen decidedly the
last 30 days.
They held up sur¬
prisingly well after war was de¬
clared, but, following Mr. Mor;v
monthly bulletin
ing interest
on
Miami
are
informed
still
down.
;,
not
■A
thereafter
as
they may be ready for deliv¬
ery.
The approving, opinion of
Caldwell
&
Raymond
of New
York, will be furnished the pur¬
2%
Enclose
of
check
certified
bid
amount
We payable to the city.,
shaw, City
Manager, that the
proposition calling for the issu¬
ance
of $643,000 municipal hos¬
been
a
the
GEORGIA
abandoned $30,000 airport bonds will be sub¬
mitted to the voters at an election
Palm
scheduled
trict
Almost total
County
School
Dis¬
No. 9 (P. O. West Palm
Beach), Fla.
Bonds Voted—At
a
recent elec¬
for
March
ported.
9,
*
Walker County (P.
Ga-
it is re¬
;
'
O. Lafayette),
A'
has,
peculiar to Florida alone, but
Florida depends largely
because
on
tourists
and
because
tire
-ra¬
trict, Fla.
Debt" Composition
*
Proposed
Plan—Creditors of the above dis¬
bonds, it is now said that a total
of $557,000 bonds were taken;by
the above firm as 3s, at a price of
and war conditions gen¬ trict are being advised that a 101.00, a basis of about 2.93%. Due
erally
affect
the
number
of petition has been filed in the of¬ on Feb. 1; $14,000 in 1948 and
tourists, many investors seem to fice of the Clerk of the United 1949, $16,000 in 1950 and 1951,
feel lower prices on Florida Mu¬ States
District
Court 'for
the $18,000 in 1952 and 1953, $19,000
nicipals are due to
conditions Southern
District
of
Florida, in 1954 and 1955, $22,000 in 1956
here
in
the
State
being
bad, Miami Division, stating among and 1957, $24,000 in 1958 and 1959,
tioning
w
In
our—opinion, however, this is
not the
case.
Automobile travel is, of course,
less
than
normal
and,
much
other
things,
insolvent
debts
as
and
that the
unable
debts
to meet
a
its
composition of
provisions of
under the
1960, $26,000 in 1961,
$27,000
1962, $28,000 in 1963,
$29,000
1964, $31,000 in 1965,
$32,000 in 1966 and 1967, $33,000 in
1968, and $34,000 in 1969 and 1970.
is $25,000
they mature and that it
desires to effect
its
district
in
in
in
must
principal
called for
The successful
delivery of
accept
bonds
said
and
make
payment
therefor within five days after be¬
ing notified that the bonds are
ready for delivery, and delivery
of said bonds will
be made at the
office of the County Treasurer at
Logansport. Said
ing issued for the
curing
funds
bonds
be¬
of
used in
be
to
are
pro¬
purpose
the
repair, cleanout and alteration of
said drain and are payable out of
the assessments collected from the
property owners benefited by said
drainage.; A certified transcript
of the
proceedings with respect to
the issuance of said bonds will be
furnished to the successful bidder
will be made on date without
expense and any informa¬
called, on surrender of said bonds tion desired,
by .prospective bid¬
negotiable form accompanied
ders mayi be obtained by contact¬
by Oct. 1, 1942, and subsequent
ing, the County Attorney.
coupons at the Chemical Bank &
Trust Co., New York.
Coupons Clark: County ■ (P. O. Jeffersohmaturing April 1, 1942, and prior,
ville), Ind.
will be paid on presentation of
7 Bond Sale—The' $25,000 county
•such coupons.
memorial hospital bonds offered
amount,
Feb.
25—w
155, p. 689—were
Decatur* Park District, III.
Clark
County
i 7 Bond Sale—John Nuveen & Co. awarded to the
State Bank, of Jeffersonville, as
of Chicago were awarded on Feb.
14 an issue of $25,000
property IV2S, at a price of 100.573, a basis
of about 1.34%.
Dated March 1,'
purchase bonds as l%s, at a price
of
100.83.
Second high bid of 1942, and due $5,000 on Jan. 1
::
l%s
for
1100.44
by
made
was
Elizabethtown, III.
|
Planned
Election
Bond
that
understand
We
—
election is to
an
from
1944
the
in
Callable
incl.
order, at par and accrued interest.
Second high bid of 100.284 for
IV2S was made by the City Se¬
curities
future, to
submit to the voters an issue of
called
be
1948
to
July 1, 1947, in inverse numerical
'White-Phillips Co., Davenport,
Corp., Indianapolis.
near
$10,000 sewage plant and sanitary
sewer system bonds.
Bond
Columbus, Ind.
Approved by
Issue
Board—The
Public
State
State
Service
Company has approved the city's
Milan,
111.
t
Lewis &
Co. of Chicago purchased on Feb.
10 an issue of $45,000 sewer and
Bonds Sold—Benjamin
extension
main
water
proposal to issue $350,000 munici¬
pal water works revenue bonds,
fully described iri v. 154, p. 1382.
English, Ind.
revenue
Plans Purchase
bonds.
Authorized—We
Bonds
stand
that
cently
the
call¬
issue of $12,000 water
passed
ing for
an
revenue
tion
under¬
Council f re¬
City
an
ordinance
this
month
Water
to
Company,
bonds.
.
,
refunding bonds.
Rock Island, III.
Bonds
Sold—The
Warrant
$32,400 judg¬
approved by
the City Council on Feb. 9 were
sold
to
the White-Phillips Co„
ment funding bonds
2V2S, at par.
Pur¬
cost of publication
of ordinance, printing of bonds
and for legal opinion.
•
Davenport,
chaser
English
be financed
through the issuance of revenue
Works
•:
,
the proposed
on
the
of
purchase
Of Water Plant
Board will take ac¬
—The Town
Pinchneyville, III.
to
as
pay
Rutland, III.
Bonds Authorized—It is
report¬
Gary, Ind. $)->'
Sale — The
$100,000
fund
corporation
and
$13,000
park fund warrants offered Feb.
16—v. 155, p. 586—were awarded
to
L.
A.
O'Donnell &
Co. of
Gary,
at
0.75%
interest,
plus
premium of $11.
Dated Feb.
1942, and due May 16, 1942.
a
16,
Gary City School District, Ind.
Refunding Contract—The Board
of Education on Feb. 10 made E.
Council re¬ W. Thomas & Co. of Chicago, ex¬
ordinance call¬ clusive agents for a period of 90
ing for an issue of $5,000 water
days to acquire all or part of
system bonds. ■
bonds maturing
in the present
that
ed
cently
Village
the
passed an
Savana, III.
Sold—The
$50,000
year
hos¬
at
and in 1943, to be refunded
interest rates,
There are $335,000
due this year and $469,-
314% and 3V2%
respectively.
155, p. 742—were sold to
the National Bank of Savana, at
000 in
par
plus a premium of $3,200.
of bonds
1943, it was said. They bear
4.40%, \lk% and 4%%.
The new bonds would mature In
rates
of
1.0 years.
The school board de¬
cided to immediately proceed with
Lewis &
the undertaking due to recently
Co. of Chicago purchased $22,400
renewed Treasury
agitation for
4%
water
revenue
refunding
the taxation of State and munici¬
bonds at a price of par. Dated Dec.
pal bonds.
'XX'fi'.
1, 1941. One bond for $400, others
for $1,000 and $500.
Griffith, Ind.
Due Dec. 1
as follows: $400 in 1944; $500 from
Bond Sale—The $17,000 sewer
1945 to 1954 incl. and $1,000 from bonds offered Feb. 24—v. 155, p.
1955 to 1971 incl. Prin. and int. 689—Were
awarded to Raffens(J-D) payable at the American perger, Hughes & Co. of Indian¬
National Bank & Trust Co., Chi¬ apolis, as 2s, at a price of 100.069,
basis of about
1.99%. Dated
cago. ' Bonds are payable solely a
from revenues derived from the Jan. 10, 1942, and due $1,000 July
operation of the municipal water 10, 1943, and $1,000 Jan. 10 and
works system and have been ap¬ July 10 from 1944 to 1951 incl.
proved as to legality by Chapman Second high bid of 100.60 for 2V4S
Stonington,
III.
Bonds Sold—Benjamin
& Cutler of Chicago.
was
made
INDIANA
Cass
County
(P. O. Logansport),
Knox
the Calumet Na¬
Hammond.
by
tional Bank,
,
rather than to national conditions.
J-D.
for
required.
is
bidder
ary—v.
Election—The issuance of
Interest
incl.
check
pital building bonds approved by
the voters at an election in Janu¬
for the duration of the war.
Beach
1951
to
tin
Bonds
Bainbridge, Ga.
Bond
on
of $3,-
Townships." Dated Feb.
certified
tor,
redemption, together with a pre¬
mium
of
3%
of said principal
for,
.
the
of
Payment
be mutually agreed upon
March 25, or as soon
by Claude A. Ren-
pital bonds has
to principal only.
be received for less
as
: r A
'
tion the voters approved the is¬
Bonds Sold—In connection with
created a situation
suance
of
$125,000
elementary the report given here last June,
where it is difficult, in many
school building bonds by a wide that
Brooke, Tindall & Co. of At¬
cases, right at the moment, to ap¬
margin, according to report. *
lanta, had contracted to purchase
proximate markets on some isfunding
Florida
sues. This situation, of course, is South
Conservancy Dis¬ approximately $600,000
vestors
i
may
on
for
—
County.
Leon
par and accrued in¬
toi date I of delivery. The
certificates will be delivered in
Tallahassee or at such other place
chaser.
Beach, Fla.
Proposal Cancelled
Bond
all Municipals tax¬
lack of buying on the part of in-
'
of New
dated Sept. 1, 1941.
of 1941,
able, prices went down in a hurry
are
Co.
appointed paying
been
agent for the above city's $3,388,000 refunding bonds, Second Issue
on
genthau's speech advocating mak¬
and
has
Appointed—The
Trust
Manufacturers
(State of)
Market
Agent
decree of the
a
terest
as
Florida
on
City Clerk, states that been validated by
notices
calling for payment Circuit Court of
Mann,
..
FLORIDA
by the City Com¬
Nov. 25, 1941, and have
lution adopted
Rescinded—Blanche mission
Call
Bond
E.
p.m.'
$500, pay¬
able to order of the County Audi¬
payment
for
amount of said bonds so
or
Florida, although much
National
•;
1942
A
Cairo, Illinois-Wickliffe,
Bridge, aggregating
the
ing
$25,000, are called
on April 1, 1942.
such as great o.verT
$60,000
water works refunding expansion in facilities, buildings the hearing.:
Creditors of the district,- other
bonds have been purchased jointly
and debt, which will cause serious
by Boettcher & Co., and Donald trouble later on. There may be a than those consenting in writing
to the plan, are directed1 to file
F. Brown & Co., both of Denver.
few cases where difficulty will be
with the Clerk of the Court at
The bonds were sold at a price
experienced,
but
those
would
of 100.03, divided as follows: $31,Miami, on or before the date of
have occurred anyway sooner or
500 as 2s, due $3,500 in 1943 to
hearing, a verified statement of
later. We feel that the main dif¬
their claims, giving the details of
1947 and $14,000 in 1948; the re¬
ficulty
any
municipalities
ih
their "securities.
maining $28,500 as 21/4S, due $14,- Florida may experience will be,
000 in 1949 and $14,500 in 1950.
not in debt service, but in ob¬
Tallahassee, Fla.
Dated May 1, 1942. The successful
taining sufficient money for oper¬
Certificate
.Offering — Sealed
bidder agreed to pay all costs, ex¬
ating expenses. On the other hand, bids will be received until noon
cept the printing of the city ordi¬ most cities can get along with
on March 12, by George C. White,
nance.
This new issue takes up
far less money than
at present
City Auditor and Clerk,; for the
$60,000 of a $65,000 2%% issue of oy using more efficient and eco*purchase of $225,000 2% semi-ann.
May 1, 1927. The remaining $5,- aomical methods of operation so
coupon municipal hospital build¬
000 of the original issue will be
that a curtailment of money re¬
ing
certificates.
Denom. $1,000.
redeemed on May 1.
ceived will really be a benefit in
Dated Jan. 1, 1942. Due $25,000
:he long run. As far as debt serv¬
on
Jan. 1 in 1943 to 1951 incl.
CONNECTICUT
ice is concerned, we feel war con¬
Prin. and int. (J-J) payable at
ditions
have
not
yet seriously the
New Britain, Conn.
City Treasurer's office or at
changed the status of the major¬ the Chemical Bank & Trust Co.,
*
Bond Sale—The issue of $100,ity of Florida Municipals.
New York, solely from a special
.-.000 2%% sewer bonds offered
Present Outlook for Municipals fund to be derived from the net
Feb.
26 was awarded to R. D.
—A bulletin has been prepared by revenues to be received from the
White
& Co.,
New York, at a
; price
of the hospital, the
of 105.60, a basis of about Welsh, Davis & Co., 135 South La operation
1.85%. Second high bid of 105.199 Salle St., Chicago, analyzing the electric distribution system, the
effect of our country's entry into gas plant and the water system
was
made by Putnam & Co. of
the second World War and the of the city. Issued for the purpose
Hartford.
sue,
April 1,
1956, callable on any interest pay¬
prior to maturity, that
bonds of this issue for construct¬
the
Court
2
1942.
Denom.
$173.08.
Due
$173.08 on June 1 and Dec. 1 from
in¬ Kentucky
terest.
'
*
Revenue bonds, dated
1, 1941, maturing
ment date
prin¬
of
exclusive
amount,
March
of 51.939
cents for each dollar of the
the
outstanding
2%%
Bridge
Commission, 111.,
Toll Bridge
exchange
in
receive
curing
Cairo
their
surrender
to
it
as
Jefferson
of Ar¬ 7,
Indenture se¬
ticle II of the Trust
require
effect,
into
put
holders
district
the
accord¬
announces that in
with the provisions
sion,
.
debtedness
until
bids
March 7 for the purchase
Commission, -III.
461.60 6% drainage bonds of 1942.
Bond
Call — Ray
Williams,
"County of Cass, George P. KenChairman, of the Bridge Commis¬
nell, et al drain, Boone, Harrison,
Cairo Bridge
rially affects the holders of all
outstanding bonds and other in¬
Certainly,
there
Sterling, Colo.
Bonds Sold—It is reported that
Judge of the Court in
bers of the
the Federal Building,
1942 ^
Mondaiy^Mairch
ceive sealed
ILLINOIS X.-
X;/"' 7
A hearing on the pe¬
tition will be held in the cham¬
ruptcy Act.
Any creditor affected by the
plan may file an answer to the
The
bonds are numbered as
uted in Florida.
Other principal petition controverting any of the follows:
material allegations therein and
sources of revenue, citrus and ag¬
744,
809,
822,
829, 863,. 867,
ricultural products, are bringing setting up any objection to the
870,
927,
928,
973,
987, 1034,
*ood prices.
plan any time prior to May 2, 1070, 1086, 1108, 1140, 1191, 1235,
1942. All creditors may be heard
Taken as a whole, we regard
1252, 1339, 1361, 1374, 1485, 1501,
on
the acceptance or rejection of
1542.
the situation in Florida as fairly
good.
Denom. $500.
1942.
Bank¬
Federal A Municipal
the
^f ^
^ f
FINANCIAL CHRONICLE
THE COMMERCIAL &
874
County
(P.
O.
Vincennes),
Ind.
Continues—The
Ind.
Bond
Offering — Herbert
D. county is getting out of the woods
as far as debts are concerned, acCondon, County Auditor, will re¬
Debt Reduction
«Volume
155
COMMERCIAL
THE
Number 4051
These
cording to figures released re¬ of $140,000 3%% refunding bonds.
cently by Deputy County Auditor Denom. $1,000. Dated Feb. 1, 1942.
Paul
Nierste. "Last
the
& FINANCIAL CHRONICLE
bonds
voters
approved
- were
the
at
by
election
$103,000 Due on Feb. 1 in 1945 to 1982. Jan. 20. '
*yy-;.iyyty'
was
paid off on bond issues, re¬ Prin. and int. (F-A) payable at
Iberia Parish (P. O. New Iberia)>
ducing the indebtedness to $247,~ Frankfort. '}■ Legality to be ap¬
939.49.
At
the
year
end
owe
this
of
Nierste said that the
year,
county will
only $130,000.
proved by Chapman ,& Cutler of 1% yyy.
Chicago.
"
.
1
■
•
■
semi-ann.
/J
*
Bond ./: Sale
Dayton, Ky.
for sale
:;V',;YY;,V<
La.
—
Of
airport
the
$300,000
bonds
offered
Feb. 19—v.
155, p. 354
Logan sport Sch. City (P. O.
Bond
Issuance -Authorized—A i—a block of $200,000 was awarded
Logansport), Ind.
$33,500 bond issue to erase ; the to Barrow, Leary & Co. of ShreveBond Offering Contemplated—
floating indebtedness incurred by port, at 100.00, a net interest cost
It is stated by the Attorneys for
the above city in the past four of
about
2.41%, on the bonds
the School City, Hillis & Hillis,
years was authorized recently by divided as follows: $36,000 as 3s,
that
$20,000 ;• construction bonds the City Council. %
due $9,000 from March 1, 1944 to
* -.
will probably be placed on the
'1947; $29,000"as 2%s, due on March
Kentucky (State of)
market early in March. Due $1,000
1, $9,000 in-1948, $10,000, 1949 and
on
Legislature Approves Warrant
July 1, 1943, $1,000 on Jan. 1,
1950; $74,000 as 2V2S, due on
and $1,500 July 1, 1944, and $1,- Debt Limitation—An Associated
March '1, $10,000, 1951
to 1953,
500 on Jan, 1 and July 1, from Press dispatch from Frankfort on
$11,000 .in 1954 to- 1957; the re¬
1945 to Jan.
Feb. .18 reported in part as fol¬
lr 1950.
maining $61,000 as 21/4 s, due on
lows:
;
" *
March 1, $12,000 in 1958 to 1961,
Neu) Castle, Ind,
■'■'■The1 oft-disregarded
constitu¬ and
Proposed
Bond
Issue
$13,000 in 1962.
City tional
provision limiting the state
Council recently passed on first
warrant indebtedness to $500,000
Opelousas, La.
reading an
ordinance to
issue
was given statutory support today
Maturity—The City Clerk now
$13,000 general obligation fire de¬
by the legislature when the Sen¬ states that the $93,000 semi-ann.
partment
equipment
bonds
to
ate
completed legislative action refunding bonds sold to White,
mature serially from 1949 to 1955
on
a
bill placing that ceiling on Hattier & Sanford of New Or¬
incl.
The
last
of
the
present
the issuance
of
interest-bearing leans, as noted here Jan. 10, are
bonded debt of $42,000 will be
warrants.
due as follows:.
paid off in 1948.
The Senate action approved a
$75,000 31/4% refunding bonds, on
,
on
.
'
•
•
:
-
Bidder
.
on
First
Lee
.
-
•
House
§1
IOWA
amendment
to
bill
a
it
previously had passed. The meas¬
Mason
City Independent School ure now goes to the Governor for
District (P. O. Mason City), Iowa
his signature. The bill was backed
Bond Sale—The $100,000 semiby the administration.
■ann. refunding bonds offered for
Six years ago the State warrant
sale at public auction on Feb. 18—
debt stood at $25,000,000. It since
155, p. 586—were awarded to
Halsey, Stuart & Co., Inc., of Chi¬
cago, as iy2s, at a price of 100.805,
v.
basis of about 1.38%.
Dated
April 1, 1942.
Due $10,000 from
April 1, 1945 to 1954 incl.
has
oeen
Boston
Higginson
tury.
a
■
Since
1955
in
000
to
1957.
Corp..............
Starkweather
Brothers
Lazard
&
•
,j •
•
.
&
&
Hyattsville,' Md.
Mercantile
1913, efforts to avoid the
constitutional debt limit have had
road " bonds
purchased
Prince Georges Bank &
by
the
Trustf Co.,
26
A
Trust
he
that
will
receive
tem
bonds.
in 1945,
1954.
-Due
$500
on
Nov.
1
of Kentucky and shall be void."
Magoffin
1947, 1949, 1951, 1953 and
These bonds
were
voted
on
Bond
of 5%
Feb. 5, by a count to 74 to 2.
Salyers-
County (P. O.
burg), Ky.
Exchange
—
road and bridge bonds, is¬
July 1, 1922, 1925, 1926
and 1927, are being notified that
KANSAS
have
to
reached
an
all-
taxable-basis
a
table
for
the
OrConor.
Salomon 'Bros.
&'
Rothschild
F.
Phelphs,
Hutzler and
&
Fenn
&
L.;
issues
in
of ex¬
change for refunding bonds. Any
Kan.
are
be received
until
process
Bonds
is
stated
that
10
500
peka,
as
Is, at a price of 100.10, a
Due $5,000
basis of about 0.965%.
in 1943 to 1947 incl.
idson
Sold—The
Co.
of
semi-ann.
road
mission,
total
Inc.
a block of $124,000 of the
maturities being subject to
prior redemption on any interest
purchased due date, on or after April 1, 1947.
last
$30,215 park, series No. 489 bonds Issued pursuant to the provisions
as
1 -/4s, at a price of 100.311, a of Section 157a of the Kentucky
basis of about 1.19%. Denom. $1,- Constitution and statutes enacted
<000, one for $1,215.
1942.
Due
on
Feb.
Co
$3,215
in
1943, and $3,000 in 1948 to 1952.
Prin. and int. (F-A) payable at
Bankers
Trust
Forgan &
rett
&
First
of
&
<•
Topeka.
Legal¬
KENTUCKY
Carlisle County (P.
O. Bardwell),
Ky.
Proposed Bond Exchange—The
"W.
C.
Thornburgh
Co.,
and
Charles A. Hinsch & Co., both of
c.ose
Bonds
Y
the
100.279
City
York, R. W. Pressprich
Company, New York, Mer¬
cantile
Commerce
-
Trust
National
First
Bank
of
Bank
Chicago.
and
L
R.
pany,
W.
Bank
E.
W.
&
Davis
Trust
Day
Rollins
H.
Lanahan
Brothers
H.
&
&
&
&
&
Inc.
Co.,
Note Sale^—The issue of
awarded
Company
Co
100.30
100.39
of
Due
Feb./
the
19
Palmer
Co.
of
1943.
The
mut Bank of Boston
Note
a
second high
rate of 0.75%.
Sale—The Merchants
25, 1942.
20
000
at
of
awarded
$250,000
discount.
0.47%
20, 1942, and due $175,-
Nov. 5 and $75,000 Nov. 18,
Other bidders: Second Na¬
on
1942.
tional
Bank
First
was
issue
an
notes
Dated Feb.
of
National
Boston,
Bank
of
0.479%;
Boston,
0.48%.
Northampton,
Note
000
Sale—The
notes
offered
awarded
Trust
to
Co.,
the
Boston,
Mass.
of
issue
Feb.
New
at
terest-to-follow basis.
$150,-
25
was
England
0.37% in-
Dated Feb.
27,
1942,, and due Nov. 17, 1942.
Bids were requested on an interest-to-follow, 360-day year basis.
Na¬
Due $200,000 each on Nov. 12 and
Nov.
Feb.
revenue
Ware
Ware,
bidder, named
„
Note Sale—The National Shaw¬
were
National
on
26,
:
Methuen, Mass.
Palmer, at 0.50% discount.
Feb.
Trust
0.39%.
$20,000 revenue
$7,608.76 reimbursement
to
Boston,. 0.294%; First National
of
Boston, 0.33%; Man¬
Trust
Co., Manchester,
Bank
chester
Belchertown, Mass.
offered
was
L.
Other bids: Second National Bank
2
Note Sale—The
to R.
Day & Co. of
Boston, at 0.27% discount. Dated
Feb. 27, 1942, and due Nov. 5,1942.
Com¬
Sons, Inc. 1^4
Co.,
Barr
and Paul
$60,000
notes offered Feb. 20
revenue
101.30
MASSACHUSETTS
notes and
on
Manchester, Mass.
100.09
101.8258
1%
Spencer Trask & Co., Coffin &
Burr, Inc. and C. T. Williams
&
Co.,' Inc...
134
Chemical
under¬
Council
City
bonds.
St.
National
the
&
Louis- and First
Bank of Baltimore... IV2
Co.,
Authorized—We
that
10, passed an order instruct¬
ing Gertrude A. Barrows, City
Treasurer, to issue $210,000 relief
-v v
V/2
of
stand
Feb.
and Robert Gar-
Bank
Boston, 0.38%.
Haverhill, Mass. '
New
Other bids: Second
Interest
exempt from
New
York
Other bids: Central Hanover Bank
&
Trust
Co.* New York,
0.43%;
Merchants National Bank of Bos¬
0.51%;
ton,
National Shawmut
Bank
of Boston,
0.54%; Second
National Bank of Boston, 0.59%.
all
State
present
Income
Federal
and
Taxation
$3,065,000
Y
City of Rochester, New York
1.70% Bonds
Due
$1,235,000 February 1, 1948 to 1952, inclusive
Due
$1,830,000 March
Legal Investment, in
and
These
1,
1943
to
1952, inclusive
1940,
report showed,
the
however
opinion, for Savings Banks
York State
Bonds, to be issued for various purposes, in the opinion
rem
adding
taxes levied
against all the taxable property therein
without limitation
that "it
probable that this figure
will drop in 1942 by perhaps 20%,
as
to rate
or
amount.
seems
representing depreciation on old
cars and diminished purchases of
cars."
Prices
to
yield 0*40%
offered when,
to
>
These bonds are
legality by
opinion will be furnished
,
of
approval
taxable basis total,
which stands at $2,779,097,097, the
commission
Cotton
observed
its
in
7, by J. E. Pitcher, Secretary-of
the Parish School
Board, for the
purchase of $45,000 construction
bonds. Denom. $1,000. Dated Feb.
15, 1942. Due on Feb. 15; $4,000
in 1943 to
1947, and $5,000 in 1948
to 1952. The approving
opinion of
Chapman & Cutler of Chicago,
some
563
books
in
the
millions
off
the
1939 with the repeal of
intangible
tion of
went
tax and
substitu¬
.
»
Other
the income tax."
Bids
—
1*70%
upon
delivery.
HALSEY, STUART &. CO. INC.
re¬
.
to
and if issued and received by us and subject
Messrs. Reed, Hoyt, Washburn & Clay, whose
as
Of the grand
LOUISIANA
legally binding obli¬
gations of the City of Rochester, payable from ad valo¬
crease
the observation
our
Trust Funds in New
of counsel will constitute valid and
put at $75,908,596 — an in¬
of about $5,000,000
over
was
Following is a
complete list of the unsuccessful
bids submitted for the $522,000
Cincinnati, jointly, acting as re¬
general bonds awarded Feb. 10 to
funding
agents,
will exchange will be furnished the purchaser. Clark, Dodge & Co.r New York,
with the holders of 4% and 5% A certified check for 5% of the as iy4s, at a price of 100.45, a basis
road and bridge bonds, an issue amount of the issue is required. of about 1.21%—v. 155* p. 690:
STONE & WEBSTER AND BLODGET
''■'r'Y'Y Y'Y
;■
INCORPORATED
E.H. ROLLINS A SONS
GEO. B. Gl BBONS & CO.
INCORPORATED
BACON, STEVENSON A. CO.
INCORPORATED
OTIS&CO.
(INCORPORATED)
EQUITABLE SECURITIES CORPORATION
FIRSTOF MICHIGAN CORPORATION
G. M.-P. MURPHY&CO.
NEWBURGER, LOEB&CO-
Dated
February l1, 1942
and March 1, 1942.
Principal and semi-annual
interest, February 1 and August 1, and March 1 and September 1, payable in
New York City.
Coupon bonds in the denomination of $1,000, registerable
as
to
principal
and
interest.
carefully compiled from
as
to
completeness
or
The
sources
accuracy,
information
contained
herein
has
been
considered reliable, and while not guaranteed
we believe it to be correct as of this date.
February 26, 1942.
and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana-Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341,
Herbert D. Seibert, Editor and Publisher;
W. Jones, Managing Editor; William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue)
statistical issue on Monday].
Other offices: Chicago—In charge of Fred H. Gray, Western Representative, Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers'
Gardens, London, E.C.
Copyright 1942 by William B. Dana Company.
Reentered as second-class matter September 12, 1941, at the post office at New York, N. Y., under the Act of March 3, 1S79.
Commercial
Frederick
with
a
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year.
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain,
Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and adver¬
tisements must be made in New York funds^ ;
r
,
r;t.
•. .
.
■iy.ww ;1
r
y.: ,, ..
.....
■
.
of
of Boston, Boston
Deposit & Trust Co., and the
New England Trust Co., Boston, in
joint account, 0.347%; First Na¬
tional Bank of
1 \
Glore
Sons.
National
100.5551
100;4199
tv; 100.03 -'.
Company,
Co.
cars
Valley School District No.
port:
'
*
<
<
t
12 (P. O. Minden), La.
ity approved by Bowersock, Fiz"The total assessable basis is be¬
Bond Offering—Sealed bids will
zell & Rhodes of Kansas City.
be received until 2 p.m. on April low previous highs only because
the fiscal agency,
the
D/2 y 100.3576
fixed
Assessable value for motor
new
Dated Feb. 1, pursuant thereto.
1;
at
FAST, Secretary.
Safe
Co.,
.......v..£..
the
was
and
refunding of 1942 bonds.
serially from 1943 to 1980,
Ranson-Dav-
Wichita,
R.
Governor by the State Tax Com¬
bridge
Due
record
1942.
a.m.
incl.;
Wichita, Kan.
Bonds
3%%
of
20,
In the report, submitted to the
>\
(CWT), counties
declined, as compared
on
March 3, by O. P. Hamilton,
with previous highs, another item,
$25,000 public works relief bonds
Clerk of the County Court, for
were
motor-vehicle assessments, also is
purchased recently by the
the purchase of an issue of $329,at a new peak.
Columbian Securities Corp. of ToSold—It
■
March
National Bank
{-
■
"
Stone &
Webster
& Blodget,
Inc., The
Boatmen's National' Bank, . St. Y
Louis,
Macubin,
Legg
&
Co.5
taxable real-estate
at $2,051,418,244,
I Bond Offering—Sealed bids will
holder who has not tendered his and it was pointed out that this
be received until 8 p.m. on March
bonds for exchange is requested .item has only twice exceeded $2,2* by W. J, Yotter, City Clerk* for
to
communicate with H. Clyde 000,000,000, in 1931 and in 1940.
the purchase of $1,900 not exceed¬
"As compared with 1940/* ac¬
Reeves, State Local Finance Of¬
ing 5% semi-ann. city hall bonds.
ficer, Frankfort, Ky., for details of cording to the report; "assessments
Dated March 15, 1942.
Due on
declined in only four counties—
the refunding plan.
March 15; $400 in 1943 and $500
Caroline, Frederick, Garrett and
in 1944 to 1946.
Pulaski County (P. O. Somerset),
Somerset.";■
•
'
Ky.
Shawnee County (P, O. Topeka)t
Although the total assessable
Bond Offering—Sealed bids will
Kan.
basis for Baltimore and all of the
the
Leoti,
stockholders
,
Kidder, Peabody & Co.,
York, The Northern Trust
i,; Co.,
Chicago, Baker, Watts &'•
Co., Baltimore and Stein Bros.
& Boyce
l»/a
Smith,
Barney
&
Co.,'- UnionTrust
,Company
of
Maryland
and. First of Michigan Ccrp.i.T1^
high
in
Maryland,
with tional Bank of Boston was awarded
totals reaching well beyond $2,on
Feb. 20 an issue of $400,000
000,000,000, it was shown recently revenue notes at 0.33% discount.
period made public by Governor
to
1942.
the
on
more,
time
in
holders
The
of
sues
seemed
York
Thirty
declared
J.
the
the limitations of the constitution
COMPANY
New,
(30) Cents per share
Capital Stock ($5.00
this Company, payable April 15,
value) of
business
•
bids until March 2, at 7 p.m., for
the purchase of $3,000 water sys¬
been
1942
100.729
l',2
100.63
U/a
100.683
Baiti- ••••:>,?
of
Co.
of
par
Stern,
Co....
,
Clerk states
Broadway,
dividend
has
of
Iowa
NOTICE
TRANSIT
February 25,
100.91
legal blessings of the Court Hyattsville, at a price of 101.10—
Beverly, Mass.
v.
155, p. 646, were sold as 3V4S,
Appeals, which ruled that ap¬
Note Sale—The issue of $300,are in denoms. of $1,000 and $500
authorizing
gratui¬
Bonds Voted—At a recent elec¬ propriations
000 notes offered Feb. 25—v. 155,
and mature as follows: $500 July
tion the voters approved the issu¬ ties, supporting or creating state
p. 786—was awarded to the First
institutions or defraying ordinary 10, 1942; $1,000 Jan. 10 and $500
ance of
$29,000 airport site pur¬
National Bank of Boston, at 0.40%
10 from 1943 to 1948 incl.
expenses could not be construed July
chase bonds.
discount. Dated Feb. 26, 1942, and
"debt"
in
the
constitutional and $1,000 Jan.-10 from 1949 to
Bond Offering—Sealed bids will as
due Nov. 23* 1942. Other bids:
1952 incl.
Y.y.y
*
be received until March 6, by G. sense.
Bidder—
Discount
The bill passed today expressly
A. Watters, City Clerk, for the
Beverly Trust Co
0.448%
Maryland (State of)
Second National Bank of Boston......
0.467
provides that "any state warrant
purchase of the above bonds.
Real Estate Taxable Bases At National Shawmut Bank of Boston.... 0.52
issued, reissued or continued in
Beverly National Bank......
0.53
New High—The assessed value of
Whitten, Iowa
force" in excess of $500,000 "shall
.real
estate
for
the year
1941
Bond
Offering — The
Town be considered a debt in excess .of
Framingham, Mass
Sheldon,
YORK
101.11
NeW
Bank of
Bond Sale Details—The $13,500
.
and
Co.
&
Co.......
awarded
•
101.1357
Vfy
Company.lVa
Freres
notes
MARYLAND
'
NEW
.
"(
3% refunding bonds, on
Nov. 1; $6,000 in 1958 to 1960.
18,000
DIVIDEND
101.4599
& Savings Bank..;. iy3
Stevenson
&
Co.
and
Roosevelt
&
Weigold, Inc
l'/j
Halsey,, Stuart & Co., Inc., La;
denburg,
Thalmann
&
Co.,
Blair
.
Bid
iy2%
Harris Trust
Bacon,
$5,000, 1950 to 1954, and $6,-
$495,000, lowest in
quarter of a cen¬
a
Rate
ft'ate
■
Corp.........;,...,
Nov. 1; $4,000 in 1942 to 1949,
V, .
r
cut to
than
more
j
Int.
•
.
.
Ripley <fc Co., Inc. and
"
—
/>
•
'
-
Harriman
1
875
^
.
THE COMMERCIAL & FINANCIAL CHRONICLE
§76
Ware,
Mass.
—
The
Town
Treasurer will receive sealed bids
until 11 a.m. on March 10 for the
-
Royal
Note
Offering
purchase
of ' $100,000 :, revenue
notes, dated March 18, 1942 and
due Dec. 18, 1942.
•
MICHIGAN
Dearborn
Township (P. O.
■'/.
Inkster), Mich.
Option Granted—No bids were
submitted for the $420,000 coupon
refunding. bonds offered Feb. 24
155, p. 787.' An option on
tt-v.-
the
bonds, for 10 days at par, was
granted to H, V. Sattley & Co. of
Detroit, and Associates. The of¬
fering. consisted of: ^series
A
bonds. Due
1, as follows: $5,000 in
to 1948, $10,000 in 1949
1950, $15,000 in 1951 to
$385,000
,
'Oct.
/
!
.
1943
-
M
and
1955; and $20,000 (in 'J956 to
in 1966
to 1968 will be subject to re-
v;
1968. Bonds maturing
demption prior to maturity in
inverse
numerical order, at
r
I
and accrued interest, on
days' published notice, on
any one or more interest pay¬
■V
par
30
i
dates
ment
or
in
be
to
terest
and after Oct.
on
Rate
1, 1942.
rates of in¬
multiples of
Va of 1%, not exceeding 2%%
to and including
1945, not exceeding
per annum thereafter to
including Oct. 1, 1948,
exceeding 3V2% per an¬
annum
per
Oct.
v
1,
3%
and
not
v
num
thereafter to and includ¬
ing Oct. 1, 1955, and not ex¬
ceeding
4y2-%
per
annum
thereafter until paid.
Due $5,000 Oct. 1, 1944 to 1950. Hate
35,000 series B bonds.
V
rates
or
be in
interest to
of
multiples of V\ of 1%, not ex¬
ceeding 2V2 % per annum to
Oct.
including
and
r
1,
1945,
not
exceeding 3% per annum
thereafter
to
and including
Oct. 1, 1948, and hot exceed¬
;
ing 3V2%
there-
annum
per
after until paid.
v,v
All of the bonds will be dated
•,
!March
1942.
Denom. $1,000.
Prin. and int. (A-O) payable at
the Detroit Trust Co., Detroit.
r''
1,
of
indebtedness.
State income'taxes in half in the
that
the following numbered series A
1935 refunding bonds, aggregating
$150,000, dated Oct. 1, 1935, due
Oct. 1, 1965, have been called for
payment as of April 1, 1942, at the
Detroit Trust Co., Detroit:
1,
21,
53,
73;
98, 106,
124,
145,
177,
192,
228, ' 239,
261,: 280, 286,
313,
332, 334,
349,
365,
371,
380, L 384,
401,
417,
427,'436,
469, 474, 489,
506, r 522,
525,
540,
568, 577,
592,
601,
633,
645,'- 664, 681,
695,
716, 717,
733,
760, 774,
790,
807,
837,
856,
889; ' 900,
918,
935,
958,
976,
994, 1012,
1034, 1049, .1064, 1089,. 1099, 1118,
1129, 1145, 1164, 1195, 1216, 1242.
1256, 1289, 1305, 1320, 1345, 1379,
1387, 1407, 1428, 1434, 1477, 1481,
1507, 1525, 1529, 1543, 1573, 1581,
1621, 1626, 1634, 1656, 1669, 1685,
1713, 1738, 1765, 1766, 1790, 1813,
1824, 1842, 1861, 1881, 1894, 1913,
1921, 1948, 1960, 1982, 1999, 2019,
trict
Secretary,
The
announces
he
Governor
still
was
offered,
humbers and should state
which they will be sold.
tificates
purchased
sum
assured
been
The
sustained,
but that he de¬
cided to sign the bill to " shorten
the session and promote
There
he
fice,
might have succeeded in this
Soon after his message
announcing approval of the bill
was received with applause iri the
purpose. :
•
House,' a leadbr: of .the econpmy
bloc there remarked,
"Now I'm
ready, to. help him get some' of the
things he .wants." *
♦/
Applicable •* to' ' MissiSsippians'
1942 incomes 'f* on which taxes
be paid
must
income
in
1943-^-the
new
the
in
primary 'election
April the voters are to be asked
in
to approve an
panying his bid will be returned.'
The successful bidder will be fur¬
issue of $30,000 air¬
port site purchase bonds. '.Q- 'V-;.
Franklin
;
County Sch. Dist. No.
/ (P. O. Franklin), Neb.
f
Bonds
L.
Sold—F.
4%
refunding
been
have
sold;;
Hebron, Neb.
Sold—The
Bonds
days of the date of mailing
notice of acceptance of tender.
seven
awarded
&
of
Co.
100.196
ing
1953
date
are
for
and
to
$22,000
Sattley
bid of
a
3%s,
matur¬
1942
to
1952
$6,000 maturing from
inch, as 2%s to call
3%s thereafter. Bonds
1955
and
dated
$1,000.
on
July 1 from
on
incl.,
H. V.
to
Detroit,
Aug. 1, 1941, and due ser¬
ially on Nov. 1 from 1943 to 1960
inch
Bonds maturing from 1957
1960
inch, are callable in
numerical order, at par
in¬
and
accrued interest, on 30 days' pub¬
lished
notice, the first optional
date being Nov. 1, 1942.
tax,
6%, payable M-S.
Denom.
$1,000. Dated March 1, 1942. Due
on March 1; $3,000 in 1943 to 1947,
$4,000 in 1948 to 1952, and $3,000
in
1962.
to
1953
(These
in
tioned
Manistique, Mich.
Bond Sale—The
water
bonds
supply
offered
586—were
$19,000 coupon
system
Feb.
awarded
Clerk
of
St.
Co.
&
Kalman
that
states
to
the
Securities
155,
p.
Chan-
Co., Chicago, as
2%s, at par, plus a premium of
$240.35, equal to 101.26, a basis
of about 2.55%.
Dated March 1,
1942, and due March 1, as fol¬
lows:
$2,000 from 1945 to 1953
inch, and $1,000 in 1954. Other
bids:
Peninsular State Co., De¬
troit,
premium
of
$16.50
for
2%s, and discount of $228 for
21/2s; Juran & Moody, of St. Paul,
bid
for
3s, and Park-Shaughnessy & Co., St. Paul, offered a
premium of $19 for 3y2s.
ner
Taxing
Of
J.
Bonds
Would
Prevent
Paul, and M. H. Bishop &
14
to Ira Haupt & Co., New York,
the
city by the State Local Govern¬ and Boenning & Co., Philadelphia,
ment Board was terminated by as 2V2S, at a price of 100.22, a basik
Sale consisted of:
agreement on Feb. 24, and the of about 2.47%.
Due March
municipality has been placed on $62,000 sewer bonds.
a
1, as follows: $3,000 from 1943
cash basis.
State control be¬
to 1960 incl. and $4,000 in 1961
came effective in 1939.
finances
of
and 1962.
Bergen County (P. O, Hack en-
U'i.i
.
Town
Clerk
ceive
sealed
bids
granted
until
10
Village
March
Joseph Justad,
until 8 p.m. on
2, for the purchase of $3,Clerk,
000
street
Due
$1,000 on Dec.
orders.
improvement
in 1943 to
1
1945.
Bowman & Co., 418 Olive St., St.
Louis, Mo., who also are original
bondholders and creditors of this
Treasurer's office, or at the Chem¬
ical Bank & Trust Co., New York.
district which has been in
which specifies a rate higher than
the
lowest
rate
stated
in
any
or
default
total
interest
for
The district
MISSISSIPPI
,
Alcorn
County
O.
(P.
Miss,
of
partial
principal and
number
a
of
years.
Jackson
is
said
to
have
Louis
Bay
Bonds
St.
Dist.
Louis),
(P.
Miss.
O.
Sold—It is stated by the
Secretary
that
Sch.
of
the
considered
legally acceptable proposal.
Each
was
School
acceptable
MONTANA
pur¬
$32,500 3% semi-ann. re¬
funding bonds. Dated Jan. 1, 1942.
St.
be
originally estab¬ proposal must state the amount
the first World War bid for the bonds* which shall be
under a capital issues certificate not less than
Corinth),
$144,000 nor more
granted to essential projects.
than $145,000.
As between legally
chased
Bay
will
lished during
Bonds Sold—The J. S. Love Co.
of
proposal
Board
Cascade
County School District
No. 1 (P.O.
stated
Great Falls), Mont.
Postponed—It
Sale
Bond
the
is
same
bonds
specifying
interest, the
proposals
rate
will be
of
sold to
the bidder
complying with the terms of sale
and
offering
amount
bid
to
the
accept
least
for
amount
the
of
Gibson, District
bonds, the bonds to be accepted
Clerk, that the sale of the $467,being those first maturing, and if
000 not to exceed 2%
semi-ann.
by V.
F.
two
issue of
or
more
bidders offer to
ac¬
$15,000 4% fund¬ refunding bonds, which had been
cept the same least amount, then
ing bonds had been sold locally. scheduled for March 16—v. 155,
to the bidder offering to pay there¬
Dated Oct. 1, 1941.
Legality ap¬ p. 787—has been postponed until
for the highest price.
The pur¬
proved by Charles & Trauernicht the early part of May, the definite
chaser must also pay an amount
of St. Louis.
date to be determined shortly.
equal to the interest on the bonds
accrued to the date of payment of
Mississippi (State of)
NEBRASKA
the purchase price.
Governor
In the event
Signs
Income
Tax
Broken Bow, Neb.
that prior to the delivery of the
Reduction Act
An Associated
Bonds
Refunded
We under¬ bonds the income received by pri¬
Press dispatch from Jackson on
Feb. 10 reported in part as fol¬ stand that the City CounciLat a vate holders from bonds of the
an
—
—
recent
lows:
Governor
signed
into
Paul
law
Johnson
the
bill
today
cutting
meeting
$326,000
bonds.
acted
paving and
to
refund
intersection
same
type and character shall be
of any Fed¬
the successful
taxable by the terms
eral income tax law,
"
<f
000 from 1944 to 1952
;
incl. and
:i
$l;500"in 1953*
of the bonds will be
'All
a.m.
that
No
>
re¬
an
will be received by
assessment bonds.
1, as follows: $3,-
sewer
Due March
Donald
$8,000 3% semi-ann. (EWT) on March 11, for the pur¬
water
works
refunding
bonds chase of $144,000 coupon or regis¬
have been purchased by the Citi¬ tered improvement bonds of 1942.
states
28,500
G.
Dutcher, Clerk, Board of Chosen
—
Freeholders, states that he will
Mo.
Sold—The
Bond, Offering
Co. of Minneapolis,
revenue
23—v.
$2,880, payable
Camden, N.
Says
sack), N. J.
Gerald,
Bonds
District
men¬
Feb.
of
issue
our
MISSOURI
River), Minn.
in inverse numerical order at par
and accrued interest on 30 days'
published notice, the first optional
date being July 1, 1943.
or
.
—
pervision of the
155, p. 690.)
District No. 21
Bond Sale Option—The
bonds
the
are
Consolidated School
(P. O. Willow
County
school
$65,000
Interest rate is not to' ex¬
ceed
MINNESOTA
Pine
of
purchase
bonds.
—■v.
Dec.
15, 1941. Denom.
Nos. 23 to 28 are callable
•
Refunding—Mayor Brunner has urged New Jersey's
repre¬
sentatives in the Congress to op¬
Bank of Hebron. ' Dated March
pose any attempt of the- Federal
15, 1942.
Due in 20 years, op¬ administration to
subject income
tional after 10 years.
from State and municipal bonds to
Federal
taxation.
\
v
Johnstown, Neb.
Stating
that
Bonds Exchanged—The Village such a move would prove an ad-,
,
—were
of Haw¬
Longfellow of
the bonds are
and
certified check
Clerk
City
$9,800 2.V2 % semi-ann.
airport bonds were purchased re¬
cently by the Thayer
County
&
accom¬
York, that
legally binding obliga¬
of the county..
Enclose a
valid
tions
>
states that
deposit
with the opinion
to the county.
jointly, were zens Bank of Gerald. Dated Nov. Interest rate is not to exceed 6%,
payable
M-S.
Dated
March
1,
option up to Feb. 28 15, 1941.
1942.
Denom. $1,000. Due March
on the purchase as 3y4S or 3V2S,
of the $42,000 semi-ann. refund¬ Mingo Drainage District, Stoddard 1, as follows: $10,000 in 1943, $15,Flint and Burton Townships Frac¬
and Wayne Counties, Mo.
000 in 1944 to 1951, and $14,000 in
ing bonds offered Feb, 24—v. 155,
tional School District No. 18
Notice
to
Bondholders— The 1952.
Rate of interest to be in a
p. 543. Dated April 1, 1942. Due
(P. O. Flint), Mich.
holders of bonds of the above dis¬ multiple of y4 or
on April 1 in 1943 to 1962 inch
l/10th of 1%,
Bonds Sold—The $28,000 cou¬
trict are being requested to for¬ and must be the same for
all of
St. Louis Park, Minn.
pon refunding bonds of 1941 of¬
ward their names and addresses, the bonds.
Prin. and int. payable
Offering of Orders—Sealed bids with amounts and maturities to
fered Dec. 22, last—v. 154, p. 1579
in lawful money at the
County
the
the
Delafield
New
that $10,500
bonds
nished
1 kins,
Dis-,
Dunn,
trict Secretary, states
such'case
,
the
Dated
de¬
or to the Ferndale branch of
Wabeek State Bank, within
harmony."
immediate signs that,
were
that/at
bidder may, at his election, be re¬
lieved of his obligations under the
contract to purchase the bonds and
—
cer¬
be
shall
had
have
would
veto
a
understand
,
for
livered to the City Treasurer's of¬
reduction and
been
Fairbury, Neb.
Election—We
it' is estimated,' will
result
in payment of $1,200,000
,Clerk states, that the $19,900 re¬ ditional burden on city real estate
less than the present rates would
funding
bonds "have* been
ex¬ taxes, which are the main source
have required.
HvS ' -"S'v ■■
local
changed with the holders of the of
the
revenues,
Mayor
The new rates are iy2% on the
original bonds at 2%, for bonds warned that taxation would pre¬
first
$2,000 jof taxable /income,
maturing in the first 10 years, vent any effective refunding of
'2%% on.the. next $2,000; 3%% on and
"Federal
2%% for bonds maturing in Camden's indebtedness.
2042, 2051, 2053, 2072, 2092, 2103, the next $3,000; 4V2;% on the next
the final 10 years.
taxes
on
municipal and State,
2125, 2145, 2156, 2178, 2191, 2210, $3,000; 5y2 on the next $5,000;
bonds," he wrote,. "would break
2217, 2230, 2247, 2259, 2283, 2296, 6i/2% on the next $10,000 and 7% Rushville School District (P. O.
down
the wh o 1 e
constructive
2302, 2318, 2336, 2350, 2373, 2389, on all abqve $25,000.
;
Rushville), Neb.
of State and municipal
Bond Sale Details—It is now theory
2400, 2411, 2441, 2453, 2468, 2481,
The rates in effect since 1940.
If the Government
2494, 2496, 2511, 2524, 2538, 2539. were 3% on the first $2,000; 4% reported that the $11,000 2%% sovereignty.
can tax future bonds by passage
semi-ann. funding bonds sold to
Taylor Township School District on the next $2,000; 5% on the next
of a simple statute, it can tax out¬
the National Co. of Omaha, as
No. 4 (P. O. Route No. 1,
$2,000; 6% on the next $2,000; 7%
The Government
noted here on Nov. 18, 1941, were standing bonds.
on the next $2,000 and 8%
on all
Dearborn), Mich.
can
also tax municipal utilities
purchased at par and mature on
Bonds Sold—The $10,000 build¬ above $10,000.
The taxa¬
Jan. 1, as follows: $1,000 in 1943 such as water plants."
ing bonds unsuccessfully offered
Pascagoula, Miss.
and 1944, $2,000 in 1945 to 1947, tion of water and other municipal
on Sept. 2, last—v.
153, p. 1306—
Bond
Sale
Agreement — The and $3,000 in 1948.
utilities, the Mayor declared,
•/
were
reoffered Oct. 7 and sold
would seriously impair revenues
City Clerk informs us that the
to H. V. Sattley & Co. of Detroit,
from such projects and require in¬
Federal Government has agreed
NEW HAMPSHIRE
as 4s, at par.
Dated Sept. 1, 1941, to
creases in rates.
purchase $220,000 3% sewer
and due $2,000 on June 1 from
Hillsborough County (P. O. Man¬
revenue bonds and no public of¬
Edgewater, N. J.
1942 to 1946 inch
chester), N.H.
fering will be made. Denom. $1,Bond Sale—The Borough Coun¬
Purchaser
The
$400,000
tax
Warren Township School District 000. Dated March 1, 1942. Legal¬
cil has passed a resolution pro¬
notes awarded Dec. 30 at 0.41%
No. 2 (P. O. Center Line),
ity to be approved by Charles &
for the
sale of
$9,000
discount, as reported in v. 155, p. viding
Trauernicht of St. Louis.
Mich.
and
alarm
system
147, were purchased by the Mer¬ equipment
Bonds Sold—The $139,000 cou¬
Pascagoula Rural Separate School chants National Bank of Boston, bonds to the Sinking Fund Com¬
pon refunding bonds offered last
mission.
District (P. O. Pascagoula), Miss. and mature Dec.
10, 1942.
September—v. 154, p. 35—were
Bond Offering—Sealed bids will
Hasbrouck Heights, N. J.
awarded to the Peninsular State
be
received
until
11
a.m.
on
NEW JERSEY
Bond Sale—The $90,500 coupon
Co.
of
Detroit,
at a
price of March
3, by Fred Taylor, Clerk
or
registered bonds offered Feb.
Atlantic City, N. J.
100.009, to bear 2y>% interest to of the Board of Supervisors, for
18—v. 155, p. 647—were awarded
Nov. 1, 1941, and 3y4% thereafter.
Supervision
Terminated
Su¬
Ten¬
including serial
that
commented
opposed in principle
income-tax
to
ders should fully describe the cer¬
tificates
•
Bond
•
..
verse
Gibbs,
City Manager, will receive sealed
tenders until 8 p.m.
(EWT) on
March 2, of series A, B, C and D
certificates
..
to
Ferndale, Mich.
■
.
Tenders Wanted—Jay F.
District,
School
City
Oak
v'..-v:'
Mich. '
\4-I'"- lowest bracket and reducing rates
^ a :J
Bond Call—A. C. Dunham, Dis¬ in all brackets.
~
Monday, March 2, 1942
March
1
dated
Other bids:
1, 1942.
Int. Rate Rate Bid
2.60
2.60
100.08
M. M.
2^
100.10
Coyler, Robinson & Co
3
100.58 >■;
B. J. Van Ingen & Co., Inc.
3.20
100.06
Bidder--
Julius
H.
B.
Rlppel,
A.
Inc.......
Co
Freeman & Co
Boland
'
.
&
;/'•
''
-
'V/f v.
'
'
'
V
*'
;
Hawthorne, N. J.
Sale—The
Bond
$250,000
cou¬
registered bonds offered
155,
p.
743—were
awarded to a group composed of
Ira
Haupt &
Co., New York;
Prospect
Park
National Bank,
Prospect Park; Allen & Co. and
H. B. Boland & Co., both of New
pon
Feb.
or
25—v.
/'
York, as follows:
$200,000 general bonds as 3V2s, at
par, plus a premium of $300,
equal to 100.15, a basis of
about 3.49%. Due Aug. 1, as
follows:
$10,000
in 1952 and
£9§3; $12,000, 1954 and 1955;
$14,000, 1956; $16,000, 1957;
$18,000, 1958; $20,000 in 1959
and 1960; $25,000, 1961; $10,-
000, 1962 and 1963; $15,000,
1964,
and
$8,000 in
1965.
Bonds
due in 1961 to 1965
inch, will be subject to re¬
demption at the option of the
borough, in the inverse order
of
their numbers, on
terest
their
than
any
in¬
payment date prior to
maturity upon not less
60 days' published no¬
tice, at a price for each such
bond equal to the principal
amount
of
such
bond, to¬
gether
accrued
date
of
with
on
unpaid
such
interest
bond to the
redemption,
plus
a
premium of 3% of such prin¬
cipal amount if redeemed on
or before Feb. 1, 1947, or 2%
of such principal amount if
redeemed
thereafter
but
on
Volume'155
1
' of
?
THE COMMERCIAL & FINANCIAL CHRONICLE
before Feb.
or
.
Number 4051
1, 1952, or 1% was forwarded to
principal amount if for his approval.
such
redeemed
thereafter
before
or
Feb.'
water
bonds
the
Governor
;
^
Erie
County (P. O. Buffalo), N. Y.
$1,061,000
1941—The
;
the
3.40s, at
premium of $51,
as
Debt
total
county
1
Reduction
In
indebtedness
government
of
Dec.
31,
1941,.
was $41,012,000, a reduction
$1,061,000 from $42,073,000 at
the end of 1940,, according to a
about 3.39%.
follows:
$15,000 in 1962 and financial report issued by County
1963, and $10,000 in 1964 and Comptroller Richard S. Persons.
plus
equal to
par;
//
a
100.10,
of
basis of
Due Aug. 1, as
a
The county's bonded debt totals
1965.
All of the bonds
1, 1942.
to
exchange
new-
bonds
from
would
$6,764,000.
their
-
1950
rates
to
outstanding
bonds
afford the city a
in
make
seven-
1943 to 1949 incl. would be asked
to
edness
amounts
of
ing /proportions
which
might period net aggregated $8,914,317
thi$
plan undesirable, it compared; with $6,432,788 in the
year. "breathing spell." The plan, should be provided that effective
preceding period.
-7r
according to local press advices, Jan. 1, 1943, we limit the issu¬
Operating revenues in January
embraces
a
program
of
debt ance of new bonds from 1943 to amounted* to
$1,315,387 against
equalization with a further limit¬ 1946 inclusive
to
$450,000 and $1,211,493 a year ago, a gain' of
ation on the sale of bonds in a from 1947
on, to $350,000 annual¬ 8.6%.
Operating
expenses
ad¬
single year. Holders of $2,000,000 ly/ Under this plan the amounts vanced 25.3% to
$3/9,952 from
of debt scheduled to mature from payable each
year and the savings $303,245.
Miscellaneous
income
order
$34,248,000 and temporary indebt¬
dated Feb.
are
000,000
''
on
1957, or
redeemed
1,
without premium if
after Feb. 1, 1957.
50,000
but
to
to
draw
securities
mature
1962
which
serially
They
seven
same
in
amounts
have
not
to
budgets for the next
O.
$89,876,637.10,
Bonds
Feb.
Authorized—-We
that
11,
City
under¬
Commission
Coffin
'
\
Bidder—
ordinance
•
&
interest, about $40,000
will
we
have
to
year's budget, if
.
E.
Salomon
following appeared in the minutes
R.
Bros.
White
D.
100.185
2>/4
100.059
100.219
Roosevelt
Debt Refunding Discussed—The
of
2\\r/o.
2.40
Co.
Stuart & Co., Inc./
&
Weigold, Inc...
C. F. Childs it Co. and Sherwcod it Co
Halsey,
Union Beach, N. J.
Rate Bid
H.
Jointly...
Traders.
2*2.
as
if
other words,
this time to
they
to
next
in
allow
we
tions to remain
terest
condi¬
now
Hutzler...
Walter
J.
Brennan
and
*100.30
100.20
2.70
'
•
amounts
the State Comptroller's ap¬
proval.
Councilman J. Lester Albertson
said his one objection is that the
ments "bn his
Mr.
.
on
Cassman,
speaking
as
the
He
been
some
stated
that
there
plah; follow^
tentative
the
ally
annu¬
of
in
$500,000
in
exclusive
proved
to
pon
•'
New York (State
:
Governor
Signs
years.
All
pointed out that the possi¬
bility of taxing future municipal
bond issues made it important, in
■
opinion of the creditors, that
steps be taken at this time to refund if it was at all possible to
! do so. The status of the outstand-
Manufacturers
Trust
Co,,
making
Kean,
v'^:V
•
v
Inc.,
and
-r'-,
'
'
•
•
-
•
-»,•
/
.
r"
/
of about 1.69%.
Mex.
•'/
r
Bonds Sold—The Town Clerk
states that $10,000 4% semir-ann.
V:
F armington, N.
•
water
have
bonds
revenue
&
Co.
E.
Co...
H.
.
Dated
Feb.
1,
1942.
Due
1, as follows: $100,000
in 1948; $200,000, 1949;
$300,000, 1950; $400,000, 1951, and
$235,000 in 1952.
480,000 public welfare bonds of
Feb.
such
a
1942.
and
558,000
of)
Power
saving to the
be accom¬
plished by adopting a debt equali-r
zation; plan, whereby /the holders
of $2,000,000 worth of bonds at
may be the opportune time to at¬
tempt
*
*
•
***
.
«i
'«>*•
*
100.244
been
Sachs &
Trust
D.
CP, of
White
Cot
1.60
Buffalo
& Co:/.
Halsey, Stuart & Co., Inc../
Salomon Bros, it Hutzler.;'.'
£80-
///100.18
■
to
taxpayers.
effect
This
interest rates
v-
1.60
100.13 !
1.60
100.117
1.70
100.22
forbidden
bill
is
num
can
for bombers, some Republi¬
Senators protested that "gen¬
eral/terms"
permit
over,
of
bill
the
construction
would
other
of
lines
anywhere
in
the
State including the controversial
power
maturing between 1943 and 1949,
might be prevailed upon to volun¬ St. Lawrence
power project.
tarily surrender ihem^apd accept
Numerous
Republicans
who
in their place, 20 year tax-exempt
Bond Sale—The $10,600 storm
voted for the measure explained
sewer
"A" coupon or registered bonds, under the p terins, of which they did so only on assurance of
we
would continue,/ to pay the
bonds
offered
Feb.
Republican
Senate
Majority
25,
were
same rate of interest specified in
awarded to the Second National
Leader Joe R. Hanley that he ex¬
New Hyde Park, N. Y.
*//;/*
-
'
! Bank of Farmington.v
C
Dated Sept.
Due $1,000 on Nov. 1 in
3942 to 1951 incl.:
% //- /;// -•;
^ 2,
1941.
<}v"V :'
•
Bank
& Trust Co., of
Hempstead,
from
as
1.90s, at a price of 100.094, a
basis of about 1.88%. Dated Feb.
NEW
f
'
time these bonds would have
ma¬
bill
the
to
be /amended,
later after it becomes law to meet
tured, and a rate: ranging from
21/2% to 31/4% from then on. Re¬
Housing Authority, N*. -Yt. 1, 1942. One bond for $600, others
payment of .these bonds could be
Bill Approved By Assembly— $1,000 each. Hue Feb. 1, as fol¬
deferred until 1950, and beginning
$1,600 in 1943, and $1,000
The Assembly has passed and sent lows:
at that time $150,000 a year would
to the Senate the Tifft bill (A. Int. from 1944 to 1952 incl.
be redeemed up to and including
No. 353, Print No. 1226), to amend
New Rochelle, N. Y*
j ?/.; ■; 1961 and a final payment of $200,the Public Authorities Law in reConsiders $2,000,000 * Debt Re¬ 000 in 1962.
-v
, v/. lation to creating the above authfunding Plan—The City Council r "In-connection with this plan it
ority.,,
• ■/•.
/•
:
•
recently approved the submission would be necessary to make some
Bill
G*es
To
Governor—^Fol¬ to the State Comptroller's-office
changes* in the limitations of new
lowing favorable action on, the of the proposal of Councilman issues. To keep the-amounts ma¬
above measure by the Senate, it Herbert .?. Milligan to refund
$2,- turing in the future from reachElmira
•
surrendered^until the pected
GOP
objections.
Port Of New York
Sinking
Funds
,
/»
Authority, N. Y.
Higher
—
Port
Authority
reports an increase of
48.1% in funds available for sink¬
ing funds, reserves and debt
tirement during January, and
•
;
v
.
.
-
l.K
I
t
*-
i
»■'
a
-
'
i.
<
>'»
»
i
't
vv;
works
bonds.
1,
1942, and due
follows: $55,000
as
1943
series A bonds.
Dated March
1,
1942, and due March 1, as
follows:
$80,000
from
1943
to
1951
incl., and $60,000
in
1951.
50,000
pavement
series B
1,
reconstruction,
bonds.
Dated
March
1942,' and
March
due $10,000 on
from 1943 to 1947
1
incl.
Bonds
Publicly
Stuart
associates
made
&
in
Offered—Hal¬
Co.,
Inc.
and
its
the
underwriting,
re-offering of the
public
bonds
at
prices to yield from
0.40% to 1.70%, according to ma¬
tire issue before the close of busi¬
ness
re¬
an-
increase of 38.6%
ended Jan.
the
on
day
of
the
Other bids at the sale
lows:
,
/
^
:
.
Bidder—
award.
were
as
fol¬
/.-
//
■
Int. Rate
•
//
Rate Bid
Lehman
Bros., Chemical Bk.
& Trust Co.,
Phelps, Fenn
&
Co., Stranahan, Harris
& Co., Kean,. Taylor &
Co.,
Schoeilkopf,
Hutton
&
,
^
'/*';-vv-..,
..
Pomeroy,
Schlater,
Noyes
Co., Campbell, Phelps &
Co. and Sage, Rutty & Co.
.■<'
&
First
National
Bank
of
York, Harris Trust
1%%
New
& Sav-
*
/"* /// /.■—/•.-•
ings Bank, Lazard Freres I
& Co.,
Northern Tr. Co.,
Chicago, and
Associates..
1.80
Smith, Barney <fc Co., Harri,
man
Ripley & Co./Inc.,
First Boston
Corp., Blyth'"
& Co.,
and Associates
1.80
National
York,
Hutzler,
it
Co..
and
City Bank of New
Salomon
Bros,
it
100.059
,
•
■.
'*■■■> v:
V/
::
100.197
-
^
:
'
-
^
'•
.f
,
100.161
/.
R. W. Pressprich
Estabrook it Co.,
Associates
Chase National
1.90
100.35
1.90
Bank of
100.11
New
York,.
-
"
1
/
to 1951 incl., and
$63,000 in 1952.
42,000 public buildings bonds.
Dated March 1, 1942, and due
March
1, as follows: $4,000
/from 1943 to 1950 incl., and
$5,000 in 1951 and 1952.
700,000 pavement reconstruction,
,
the bonds-
1942,
'
>
•>
\ purchased by the First National
public
March
sey,
areas.
1,
March
on
City to Massena for turity. The bankers reported the
sale of more than half of the en¬
production of alumi¬
additional
may
and
the
New York
a
of 31/2%
now
designed to
open
immediately a three-mile
tract in Lewis County to a $30,000,000 line to carry power from
before
Congress
municipal bonds, now
acts to tax
100.069
V/z
Co.,'"
St
While
•
100.112
100.089
•
':
•.
&
soon
the
March
$48,000
Dated March 1,
Line
United States Govern¬
agency to string power lines
across
Dated
due
from 1943 to 1952 incl.
any
ment
"Therefore,
life
1'/
and
Rollins
mit
Sale consisted of:
$1,235,000 debt adjustment bonds.
re¬
per¬
is
be taxable.
.&
&
it
believed that although
issues
will; remain
tax-exempt, new issues will
Blair & Co., Inc., and Bacon,
Stevenson & Co
*'
and
100.30
IV2
V/2
Goldman,
R.
head
outstanding
100.279
and
"
-
generally
his
100.069
100.35
Sons, lues v..1.60
Peabody '& Co. and
„
on
Rate Bid
Kidder.
reviewed,
NEW MEXICO
•'*
Childs
Sherwood
Marine
IT
criticism
Buffalo,
George -B. -Gibbons
:
dated
1.40%
Co
Taylor
F.'
C.
suitable adjustment on
a
&
Traders
and
& Co...
Harris Trust it Savings Bk..
•
be
a
First of Michigan Corp.,
G. M.-P. Murphy & Co. and Newburger, Loeb & Co., all of New
York, as 1.70s, at 100.056, a basis
:
Int. Rate
Struthers
Harriman Ripley & Co., .Inc.
Roosevelt'&-Weigold, Inc...
the
this scrip was
bonds will
Bidder—
•
ing water scrip was discussed at
some
length and the matter of
the
1, 1942, Other bids:
Wood,
'
-
of
Feb.
cou¬
offered
Corp.,
.
was
bonds
Inc., E. H. Rollins & Sons, Inc.,
Bacon, Stevensoh & Co., Otis &
Co.,
Inc.,
Equitable
Securities
•
•
$3,065,000
155,
p.
788—were
syndicate composed
Halsey, Stuart & Co., Inc.,
George B. Gibbons & Co., Inc.,
Stone & Webster and
Blodget,
•
'
re¬
of
•
•
ap¬
$150,000
Feb./ 24—v.
•
.
recently
of
registered
or
awarded to
of :: refunding Bill—New York's
1953 incl., and $8,000 in 1954.
;
Legislature au¬
bonds. As these bonds are usually
with such adjustment of back inthorized Federal construction of
// Kingston, N. Y.
spread over a 10 year, period, it is defense
terest as might be mutually agreed
power lines across State
Bond Sale—The $168,000 cou¬
safe, therefore,, to assume, that the forest lands
upon, with the understanding that
tonight amid minor¬
pon or registered bonds offered amounts now listed as
maturing
all creditors would be put on an
Feb. 24rr-v.
155,
p.
783—were during future years will, at ma¬ ity Democratic claims Republican
-equal basis.
Mr; Cassman stated awarded to the "National
"injection of politics in this mat¬
/Ulster turity; be" .increased " $50,000 in ter is
that he represented or:'controls
grossly unfair." County Bank
of Kingston,
Us
1943, $100,000. in 1944 and so on
some 75% of the indebtedness of
Governor
Lehman
recently
IV4S, at a price of 100.015, a basis until we reach the maximum in¬
the Borough, but did not own or of about
signed the bill authorizing Fed¬
1.24%. Sale consisted of: crease of
;
$500,000 from 1952 on.
eral
control
of the outstanding $150,000 general bonds of 1942.
construction
of
defense
any
"Up
to
this
time
municipal
school debt.
There was some dis¬
power
lines across State forest
Due Feb. 1 as follows: $20,000
bonds
have
been
-tax-exempt. lands.
cussion as
to the status of
the
from 1943 to 1946 incl.; $15,Secretary of the Treasury MorFinal passage came as the Sen¬
school bonds, and it was agreed
000 from 1947 to
1950 incl.
genthau, in a recent speech at
that appropriate steps would have
ate,
after bitter
party
debate,
and $10,000 in 1951.
Cleveland, recommended taxing,
to be taken to place these bonds
adopted the bill 49 to 1. Earlier
18,000 general bonds of 1942. Due not only new
issues, but also the
on
a
parity with other bonds, in
Assembly passed 139 to 3, the
$2,000 on Feb. 1 from 1943 to those now
outstanding. This pro¬ bill
view of the fact that they were
empowering the State Con¬
1951 incl.
posal brought an avalanche of servation Commissioner to
in default for some ten
It
year,
issue
Rochester, N. Y.
'
submit
Council
an
Bond Sale—The
be¬
years,
Y.
funding
bonds.
The / current
budget had proposed a $200,000
issue, but the State Comptroller's
office reduced the figure.
plan to the State Comptroller for
his approval.";
,calendar
any
authorized
In¬
amounted
$5,193,552 against $7,000,736.
Common
ditor and the Director of Finance
be
$254,103.
debt
Poughkeepsie, N.
merit, I suggest that the City Au¬
charter the city is limited
in future bond issues to not more
1950;
the
have to be
seven
against
funded
on
Proposed Refunding Issue—The
"If it is believed that this plan
or a modification of it may have
the
March 1, as follows: $22,than
$9,000 from 1951 to
on
000
discussion
looking towards the issuance of
refunding bonds with a 3% coupon
issue to be retired
new
which would
lief given at this time.
.;
had
inclusive,
sides the benefit of immediate
.
time.
1956
than in the next
Hempstead, N. T.
Refunding/ Authorized -r- Harry year vary in amounts from $1,representative
of
a
substantial D.
Yates, Deputy . State Comp¬ 124,000 in i942 to $121,000 in 18-37.
These bonds carry interest rates
amount of bonds, indicated that he troller, signed on Feb. >20 an order
felt that a refunding plan should authorizing the village to refund ranging from- 1.2% /to 6%.
be considered and approved at this $57,000 of maturing bonds, with / "Under, the present . provisions
meeting
debt
$563,-
are.
placed in the budgets for the re¬
demption of debt, plus additional
interest
occasioned
by approxi¬
mately $7,083,000 or $59,000 less
"As of Dec. 31, 1941, the bonds
of the city which will mature each
Government Board
Feb. 12: >
to
seek
100.566
2.60
the Local
1950
from
$228,626
to
do nothing
we
.
plan "doesn't go far enough.".Mr.
Milligan's written com¬
100.55
2Vz
Co ..;......:.
&
it
Finance
from
'
•
than
more
include
In
City Auditor Edward J. Glick to
Int. Rate
r
.
and
Burr,
Rollins
it
Sons,
Manufacturers
&
Trust
to 1955 incl.
from 1953
1
Other bids:
passed
on final reading
calling for the is¬
suance of $210,000 not
exceeding
6% street improvement bonds.
the
Oct.
on
on
funded
on
$417,771
For the 12 months period
oper^.
.
stand
to
that ating revenues amounted to $18,re¬
558,891 against $16,774,900. Oper¬
ating expenses were $4,679,647
seven
years. At the end of that against
$3,595,568, leaving rev¬
time we would probably have to enue after
expenses of $13,879,244
include in the budget for the re¬
against $13,179,332.
demption of debt plus additional
Miscellaneous income amounted
the
.
$18,794 against $17,-
this plan is to give immediate
,
of
gin
Trenton),
694.
to
interest
lief to the taxpayers for the next
/his brief explanatibn of the
(P.
and
dropped
shown in the fig¬
years are
relieve the tre¬
report proposed program, Mr. Milligan at
revealed.
The debt limit is $128,
said the big attraction f was the mendous additional tax burdens
N. J. -.v
10% of the assessed fact that the City can at this time which the people are being called
Proposed Bond Issue—An ordi¬ 732,643.10,
nance
authorizing an issue of valuation. The county has $1,255,- giVe tax, exempt bonds.' He urged upon to bear, we will have to in¬
$115,000 county airport bonds is 994 in sinking funds, deductible speed in getting .approval of the clude in the next seven budgets
a probable total of
scheduled to receive final reading from the gross debt in figuring plan.
-V .
$7,142,000 for
the redemption of debt, while if a
by the Board of Freeholders on the debt margin, which is more
: Evert if • the State Comptroller
debt equalization plan, similar to
than 69% of the limit.
March 3.
turns down the debt equalization
the plan I submit, can be ap¬
phase of his plan he suggested
Glen Cove, N. Y.
Middletown Township, N. J.
adoption of the further debt lim¬ proved, we will be able to reduce
/Bonds Authorized—The Town¬
Bond Sale—The $75,000 coupon
this figure by approximately $1,itation, Mr. Milligan told Counship Board recently approved an or registered refunding bonds of¬
954,000.
„
cilmen.,
--'V\ /
ordinance providing for an issue fered Feb. 19—v. 155, p. 744—were
"True, after a breathing spell
Comment ^"on; the
of $49,000
plan was of seven
general improvement awadred to the Glen Cove Trust
years, when perhaps the
/ bonds.
'
' '
Co., Glen Covey as 2.20s; at a price slight. Mayor Stanley W. Church war is over, the city will be called
moved adoption
of the
of 100.134, a basis of about 2.19%. readily
upon to pick up where it left off,
Newark, N. J.
Dated Oct. 1, 1941, and due $25,000 resolution instructing Director of but in
those
first
seven
years
County
718
"It must
.....
Mercer
amounted
in¬
be
which I have prepared.
be kept in mind
ures
as
1
,
taxpayers
would
cluded in the
incl.
interest at the
the
to
for
previously paid to the
Bonds of $4,428,000 principal will
sale was Barcus, Kindred & Co.,
original maturity dates and there¬
mature this year and $4,064,000 in after at rates
Chicago, which bid a premium of
ranging from
1943.
A comparison of tax collec¬ to 3V4%. While the
$200 for $200,000 3.60s and of $50
City Charter
tions for .the last Tour years fol¬ now limits the sale of new
for $50,000 3V2S.
"
bonds,
lows:
except for refunding, in any year
:.
/ Total Property
Uncoil'd to
Jersey City, N. J.
to $500,000, Mr. Milligan's
Year—
Tax
Dec. 31. 1941
propo¬
Proposed
Bond
Issue — City 1938.,.$14,963,856.59
$950,379.38 sal would reduce this
figure to
1939
16,511,922.93
1,119,370.97
plans
to
issue
$379,000
3 %% 1940..16,075,455,44
1,173,854.06 $450,000 in the years 1943 to 1946
series B general
.../...
15,863,394.94
1,179,088.85 incl. and
refunding bonds 1941
$350,000 in 1947 and sub¬
1942..
♦15,396,461.04
to mature June
1, as follows: $36,sequent years#
♦Being collected.
000 in 1953, and $343,000 in 1955.
The county now has a debt mar¬ ; In
Second high bidder at the
877
during the year
31, 1942.
Goldman, Sachs it
Co.r
Kidder,
Peabody
&
Co.. Barr Bros. & Co., and
Associates
Triborough Bridge Authority, N. Y.
*
Bond Call—The Chase National
January net amounted to $536,compared with $362,271
in Bank of New York, as fiscal agent
the
January, 1941. For the 12 months for
above
authority,
an-
458
y jilk v
d
>'.-!
/--•
l .1
M
•'i.'.n
THE COMMERCIAL
878
terms of any Federal income tax
Sons, Inc., New.JYork, as 2.70s, at
1942, all of its par, plus a premium of $43.70, law, the successful bidder > may,1'
at his election, be relieved of his
4% serial revenue bonds matur¬ equal to 100.218, a basis of about
obligations under the contract toing on April 1, in each of the $2.67%. Dated jrn.. 1, 1942, and
due
Jan.
1, as follows:
$1,000 purchase the bonds and in such
years 1943 to 1968, inclusive, and
case
the
deposit accompanying
all of its 4% sinking fund revenue from 1943 to 1947 incl., and $1,500
deem
April 1,
on
maturing on April 1,
bonds
April
adopted
able
cipal
and
NORTH
CAROLINA
Asheboro, N. C.
carried at the election
bonds will be paid only
upon presentation and surrender
of the coupons for such interest.
coupon
Coupon bonds surrendered for re¬
demption must have attached all
maturing subsequent to
1942. Registered bonds
and coupon bonds registered as
to principal must be in satisfac-j
tory form for transfer.
• , }
coupons
1,
April
Holders of such bonds and cou-1
*
Sale
Bond
pons
at their election, sur¬
may,
the
render
the above
the Paying
at
same
office* of
mentioned
prior to April
Agent at any time
'
&
Cross
Rroads
premium
redemption
April 1, 1942) pay¬
aforesaid with respect
able
as
thereto.
Call
Additional
v
—
The
fiscal
Authority
York
New
the
for
agent
Bridge
the Triborough
(successor to
City
Parkway
•
the
Due
on
No
incl.
1959
other
bid
County
V
(P.
was
I,
re¬
Curri¬
tuck), N. C.
Bonds
that
at
Approved—It is reported
election held recently
:
i
Bond Sale—The $20,000 coupon
sale
were
for
155, p. 789—
awarded to E. J. Prescott &
on
Bids—The $187,000 school
bonds awarded Feb. 9
Other
building
contingent
liabilities to the Ohio Co. of Columbus, as
paid out of the com¬ 2V4S, at a price of 101.452, a basis
pany's assets and, if these were of about 2.102%—v. 155, p. 744—
insufficient, the claims would be Were also bid for as follows;
Bidder—
Int. Bate Rate Bid
a first
lien on the system's rev¬
other
and
would
be
having the status of oper¬
enues,
ating
the
"But
2\Vh
2V2r!o
2V2r/o
Paine, Webber & Co
Prescott, Jones & Co.........
Sutherland & Co.,...
Van Lahr, Doll & Isphording
Stranahan, Harris & Co., Inc.
Ryan,
expenses.
bond
purchase
ordi¬
■
2V2rln
2',&'/<>
McDonald-Coolidge & Co....
First
Cleveland
Corp........
2\\tfo
100.17*
101.71
101.36
101.31*
101.18
101.17
100.75
Marietta, Ohio
Offering
Bond
Harold.
—
Brooker, City Auditor,
ceive sealed bids until
March
.
D.
will
re¬
noon
on
10,
-
,
$45,000 school construction bonds
were approved by the voters.
semi-ann. water bonds offered
'
O, R, "F. D. No. 3,
Youngstown), Ohio
District (P,
*
an
Lenoir, N. C.
election
an
.
;
O.
10-mile limita¬
defeated at
for the purchase of
pointed 'to the inconsistency at a: $22,000 3% street improvement
y OHIO conference with city officials Fri¬ bonds. Dated Feb. 1, 1942. Denom.
$1,100. Due $1,100 on April 1 and
Alliance, Ohio
-! day.
Bonds Authorized — The
City
"Today, the transportation com¬ Oct. 1 from 1943 to 1952* incl.
Council has passed an ordinance mittee was to have given formal Interest payable semi-ann.. Bids
to be accompanied by a certified
authorizing an issue of $33,300 de-i approval to the ordinance so that
it could be passed next Tuesday, check or bond for $250, on condi¬
linquent tax bonds,
y J
but Lausche declared the amend¬ tion that if the bid is accepted
Ashland, Ohio "r I
ment would have to be made to the bidder will receive and pay
y Bond Offering—Lotta Westover,
for the bonds within 30 days of
assure that the "deferred obliga¬
Director of Finance, will receive
tions" would be a prior lien, as the date of the award.
sealed bids until noon on March 7,
(A similar issue of bonds was
the original agreement provided.for the purchase of $10,000 4%
"Members of the committee said awarded Feb. 10 to J. A. White &
sewage treatment plant improve¬
Co.
of
Cincinnati, as IV2S, at
they were certain that the finan¬
ment bonds.
Dated June 1, 1942:
cial houses would still bid for the 100.22, . a basis of about 1.46%.
Denom. $1,000.
Due $1,000 onj
—V. 155, p. 744.) ;
bonds, because existing assets of
Oct. 1 from 1943 to
1952 inch,
Additional
Details — Principal
the, company are deemed
large
Interest payable semi-ann. A cer¬
(A-O) payable : at
enough to pay off all the com¬ and interest
tified check for $100, payable to
legal depository of the city, at
pany's liabilities.
order of the city, is required. Bid-^
"The deferred
obligations in¬ present the Peoples. Banking 8c
der to receive and pay for bonds
clude such items as the fees which Trust
Co.,
Marietta.5 Unvoted
within 30 days of the time of the
the
railway
company's lawyers bonds, subject to 10-mill limita¬
award.
will receive, any claims for back tion. Legality to be approved by
Baxetta Township Rural Sch. Dist. taxes,
or
any
personal injury Squire, Sanders & Dempsey of
Cost of opinion and
(P. O. Cortland), Ohio
claims.
Company
officials said Cleveland.
March 1 in 1943 to
ceived, it is stated.
Currituck
March
Dated
4.47%.
about
follows:
Township Rural School
Liberty
original agreement
company,
the
railway
agreed. that any "deferred
obligations" of the company, such
as legal expenses, accident claims,
March 11, at 3 p.m.,
„
1942.-
basis of about
1, 1942, and
$5,400 in
a
Jan,
as
over
r
Feb. 24^-v.
announces that the Co. of Minneapolis, at a price of
will redeem on April 1. 100.13, a net interest cost of about
11942,
all
of
the Serial ; Rev¬ 2.88%, on the bonds divided: $15,enue
bonds,
3 %%,
maturing 000 as 3s, due $1,000 on Jan. 1 in
on
Oct.
1
in
each
of
the 1943 to 1957; the remaining $5,000
years 1942 to 1953, inclusive, auq as 23/4s, due $1,000 on Jan. 1 in
all
the
sinking
fund
revenue 1958 to 1962.
'
bonds, 3V2%, maturing on April
Selrna, N. C.
1, 1968, of New York City Park¬
Bond Election—We understand
Eond Offering—Sealed bids will
way Authority outstanding under
be received until 11 a.m. (EWT)* that the State Board of Tax Ap¬
'.the resolution of said Authority,
peals recently authorized an elecT
on March 3, by W. E. Easterling,
.adopted March 29,
1938. Such
Secretary of the Local Govern^ tion to be called for March 10f
bonds will be due and payable on
ment Commission, at his office in to submit to the voters an issue
April 1, 1942 at the principal ofof $4,000 heatingysystem '< repair
t fice of The
Marine Midland Trust Raleigh, for the purchase of $25,4
900 refunding bonds.
:
Dated Feb. bonds.
i Company
of New York, Fiscal
1, 1942. Due on Feb. 1; $2,000 in Beachwood School District, Ohio
Agent, 120 Broadway, New York;
1947 to 1957, and $3,000 in 1958,
at the principal amount thereof,
Refunding Plan Approved—The
without option of prior payment.
United States District
Court at
together with a redemption preDenom.
$1,000. -Prin. land
intl Cleveland on Feb. 7 granted the
jmium of 5%
of said principal
(F-A) payable in New York City petition of the district involving
amount and interest accrued and
Authority)*'
agency
•
was
the
prospective
by Vivian Retterath, School Clerk, nance \ assured
for the purchase of $10,000 not bondholders that their $17,500,000
Bond Sale—The $44,000 coupon
to exceed 6% semi-ann. refunding advance to the city to finance the
semi-ann.
refunding
bonds of¬
bonds. Due $1,000 on April, 1 in purchase would be a first lien on
fered for sale on Feb. 24—v. 155.
1945
to 1954 inch y i- A % certif ied[ revenues, '
r
p. 788—were purchased by Lewis
check for 2%
must accompany
"Attorney Harry J. Crawford,
& Hall of Greensboro, as AVzsj
the bid.
•
.
j counsel for the railway company,
paying a price of 100.231, a basis
of
was
city
6|
fly Devils Lake), N. Dak. C ■■■!
Bond Offering—Bids will be re¬
ceived until
day
the
"Under
with
DAKOTA
NORTH
Creel School District No.-22 (P.
the
Everetts), Martin County, N. C.
Marine
Midland Trust Co., New YorK, as
V
1,
bonds outside the
tion
night.
April 1, 1942. The $100,000
bonds that carried at
issued at this time.
Dated
Oct:
due
and it held recently. The measure failed
was
believed the purchase would to receive the required 65% ma¬
be deferred not more than a fort¬ jority vote.
the above election are not to. be
O.
(P.
Township
Dec. 2;
on
the city is
3.99%.
the councilmen that
assured
before
incinerator
Clay, of New York.
1, 1942 and thereupon will be en-:
to receive the full amount
(including
Dated
proved by Reed, Hoyt, Washburn
titled
and interest to
Jr.,
the obstacle would be surmounted
proceeding with
details providing for the sale of
these bonds some time in March:
1941.
of the
railway company,™, which
com-^ 1942, and $7,000 from 1943 to 1948
plained that the ordinance was not incl.
in conformity with the original
Good Hope School District, Ohio
purchase agreement.
Bonds Voted—A proposal to is¬
"However, both Lausche and
$9,500
school improvement
Law Director Thomas A. Burke, sue
$75,000 storm sewer, and
$525,000 water system bonds that
Agent,
said date will be void. Interest on
returned.
Benson, City Clerk, states in con¬
nection with the $35,000 sanitary
Contemplated—It is
70 Broadway, New stated by the City Treasurer that
York, at the principal amount a date of sale for $25,000 refund¬
thereof, together with a redemp¬ ing bonds is to be fixed by the
tion premium of 5% of said prin¬ Local
Government
Commission.
cipal amount and interest accrued Dated March 15, 1942.
Denom.
and unpaid to said date and from
$1,000.
Due $1,000 in 1952 to
and after said date such bonds so
1956, and $2,000 in 1957 to 1966.
called for redemption will cease Prin. and int.
payable at the Cen¬
to bear interest and coupons for
tral Hanover Bank & Trust Co.,
interest maturing subsequent to of New York.
Legality to be ap¬
ing
be
purchase price of 100.021,
pending
order to meet the demands
sewer,
Company,' Pay¬
Trust
bid will
the
in
legislation would be necessary in
Wilmington, N. C.
Bond Sale Contemplated—J. R,
-
.
Central Hanover
of
office
Bank
his
Second
incl.
1957
Addison.
pay¬
April 1, 1942 at the prin¬
on
to
high bid of 100.129 for 23/4S was
made by the First National Bank,
Such
1937.
23,
and be due and
will
bonds
1948
from
1977,
under the resolution
Triborough Bridge Authority
outstanding
of
ment
that the agency will re¬
nounces
Monday, March 2, T942
& FINANCIAL CHRONICLE
-
...
,
■
.
.
_
these obligations
by the city.
"The committee today
approved
unpaid to said date, and from and
said date such bonds so
called for redemption will cease
;
i after
to bear interest and coupons for
maturing subsequent to
,
^interest
said date will be void.
-
Interest on
bonds will be paid only
presentation and surrender
of the coupons for such interest.
Coupon bonds surrendered for re¬
demption must have attached all
coupons maturing subsequent to
April 1, 1942.
Registered bonds
and coupon bonds registered as to
principal must be in satisfactory
form for transfer.
.coupon
upon
.
*
<
.
Holders of such bonds and
.
cou¬
at their election,
sur-
pons
'
may,
render
the
at
office
the
above
of
same
mentioned
the
Fiscal
Agent at any time prior to April
1, 1942 and thereupon will be en¬
.
titled to receive the full amount
(including
.redemption
and interest to
able
April 1, 1942)
aforesaid
as
premium
with
pay¬
respect
thereto.
in
legal
tender;
obliga-f
general
tions; unlimited tax; coupon bonds
refunding
a
approved
March 31, 1942,
operation,
the plan and fixed
registerable as to principal alone; as the date on or before which
delivery on or about March 19. the
district
shall • deposit
the
at
place of purchaser's choice^ money and securities • necessary
There will be no auction.
for the exchange of the refunding
Bidders are requested to name
bonds for outstanding obligations.
the interest rate or rates, not ex-f
—V. 154, p. 1638.
/£•/ -:7
>'
',*•• -'.v.;.
.-i
needing 6% per annum, in multit
Bucyrus, Ohio
pies of Va of 1%. Each bid may
Proposed Bond Issue—The city
name
one
rate for part of the
.
•:
-
,
(having the earliest mature plans to issue $5,000 swimming
ities),i and another rate for the pool bonds and notes.' :*v '.-v. y-f|'
balance, but no bid may name
Cleveland, Ohio
v
more
than two rates, and each
Bond Authority Renewed—The
bonds
specify in his bid the State Board of Tax Appeals re¬
The
cently renewed approval of the
bonds will be awarded to the bidT
city's plan to issue -the balance
der offering to purchase the bonds of
$901,000 bonds remaining un¬
at the lowest interest cost to the
der a former authorization of $1,-
bidder must
amount of bonds of each rate.
town, such cost to be
determined 576,000 for
by deducting the total amount of
the
disposal pur¬
upon
the validity of the bond
sue.,"-'
-
"The
-
committee
Final Passage Of Traction
Issue—The
Bond
ordinance authorizing
an
issue
df * $17,500,000
bonds
No bid of less
(reduced from original estimate
and accrued interest will
of $18,500,000) to finance munici¬
be entertained.
:
pal acquisition of the Cleveland
Bids must be on a form to be
Railway Co. was scheduled; for
tive
maturities.
than par
■
Utica,
:
Financing
N.
Bills
Y.
Sent To
\
Gov¬
furnished
with
additional
infor¬
final reading by the City Council
author¬ mation, and must be accompanied
on
Feb. 27.
:
f
izing the city to issue bonds for by a certified check upon an in¬
In connection with the abovo
or
trust com¬
various purposes, as set forth in corporated i, bank
pany, payable unconditionally to matter, the Cleveland "News" of
v. 155, p. 492, have been approved
the order of the State Treasurer, Feb. 16, contained the following
by both houses of the State Legis¬
•
The approving opinion report:
lature
and
transmitted
to
the for $500.
"A legal hitch which developed
of
Masslich and
Mitchell, New
Governor for his signature.
York City, will be furnished the over the week-end today delayed
ernor—The Hampton bills
.
.
.
Woodhull
Free
School
Dis¬
action
purchaser.
on
fered
•
,
also requested
the
State
Bond
1
(P. O. Woodhull), N.Y.
Sale—The $20,000 coupon
Due Oct. 1, as fol¬
from 1943 to 1943
incl., and $2,200 in 1947.
Prin.
and int.
(M-N) payable at the
City Treasurer's office.
•
lows:
14th Street service."
Metropolitan Housing'-,
$2,000
Baltimore,
North
Authority, Ohio
Bond
Property : Held Taxable —The
Ohio Board of Tax Appeals has
■I
Ohio
Repealed—It
Issuance
is
by the City Clerk in con¬
nection
with
$127,200 6% light
stated
ruled that the above
plant
mortgage
revenue
bonds
projects were not ex¬
that
carried at an
election on
taxation. Real estate
Feb. 14, 1940, and which was to
known as Poindexter
have a hearing in the State Su¬
Village, has 426 housing units on
preme Court on Oct. 30, 1941, the
22 Yz
acres,
financed
through
new Council which took office on
USHA. The Appeals Board held
Jan
1, repealed all proceedings
that the property did not come
in connection with the issuance of
within the exemption provision
these bonds.
of the Ohio code for properties
"used exclusively for any public
Sabina, Ohio
purpose."
Bond Sale—The $20,000 munici¬
Franklin County (P. O. Colum- pal building improvement bonds
reportedly
Authority's
empt from
concerned,
offered Feb. 21—v. 155, p. 588—•
bus), Ohio
were
awarded
to
Charles
A.
,Sale—The. $250,000 poor
Hinsch & Co. of Cincinnati, as
relief delinquent tax bonds
of¬
fered Feb.
25—v.
155, p. 588— l%s, at a price of 100.82, a basis
of about 1.60%.
Dated Jan. 15,
were awarded to the Ohio Co. of
1942, and due $1,000 on March 15
Columbus, as IV2S, at par, plus
and Sept. 15 from 1943 to 1952
a
premium of $715, equal
to
incl.
Second high bid of 100.17
100.286, a basis of about 1.45%.
for
l%s
wasmade
by — the
Dated March 1, 1942, and due as
BancOhio Co., Columbus.
follows:
$14,000
March 1 and
Sept. 1 from 1943 to 1950 incl.,
Steubenville, Ohio
.i
and $13,000 March 1 and Sept, 1,
Bonds Authorized—City Coun¬
1951.
Second high bid of 100.18
cil recently passed an ordinance
for l^s was made by Stranahan,
authorizing an issue of $68,000
Harris & Co., Inc., of Toledo.
•
by the city to go forward
Bond
interest refund¬
not to exceed 4%
Garfield Heights,
Note
Sale—The
Ohio
$33,400
;
;
delin¬
works
ing .water
Oct.
bonds.
Dated
lows:
1, 1941. Due Oct. 1, as fol¬
$12,000. in 1343 and 1944,
and
$11,000
incl.
Prin.
able
at
from
and
the
office.
1
.
1945
int.
City
-
-
fire
Road $2,000 each.
line, an extension of the Clifton
bus line and improvement of W.
Columbus
$10,200
equipment bonds of¬
Feb.
9
were
awarded to
and
Assel, Kreimer & Fuller, of Cin¬
cinnati, as 2^s. Dated March 1,
1942. One bond for $2,200, others
is¬
In the event that prior to the with the purchase of the Cleve¬ quent tax notes offered Feb. 16
—v.
155, p. 493—were awarded
^
delivery of the bonds the income land Railway Co.
First- Cleveland
Corp.,
"Before
Council's \ Transporta¬ to ..the
or
registered building bonds of- received by private holders from
fered
Feb.
20—v.
155, p. 544— bonds of the same type and char¬ tion Committee, Mayor Frank J. Cleveland, and Siler, Roose &•
-were awarded to E. H. Rollins &
acter
shall
be > taxable
by the ;Lausche revealed that an amend¬ Co. of Toledo, jointly, as 4s, at a
trict No.
.
Union
service*
bus
truck
York, to pass
& Hoffman of New
Sale—The
Bond
Peck, Shaffer, Williams & Gorman
of Cincinnati, and Thomson, Wood
,
poses.
premium bid from the aggre¬
gate amount of interest upon all
of the bonds until their respec¬
sewage
Mingo Junction, Ohio
employment of two law firms.
the
.
•
printing of bonds to be paid for
might exceed $1,-
350,000.
•
to
(A-O)
1948
pay¬
Treasurer's
Volume 155; Number 4051;;
THE COMMERCIAL & FINANCIAL CHRONICLE
IN.
Swan
Creek
Township Rural & majority vote of the legal voters issue, it was said at the controller's
O. Delta), %' of the district, voting at an elec¬ office^ will not mature until 1944,
School District (P.
Ohio"
Bond
Sale—The
building
Feb.
and
tion
•
called
and
held
Nov.
on
15,
$56,000 school 1941, and by virtue of a resolution
bonds offered of the Board of Directors, duly
site
20—v.
155, p. 588—were passed and adopted-on Jan^ 26.
to Stranahan, Harris & 1942, and pursuant to the Consti¬
Co., Inc., Toledo, as 2%s, at par, tution and the laws of the State
plus a premiumfof $108, equal to including Chapter 17, Title III
100.19, a basis of about 2.23%. O. C. L. A., and laws amendatory
Due as follows:
$1,200 April 1 thereof and supplemented there¬
and Oct. 1 from 1943 to 1958 incl., to and Section 97-101 O. C. L/A.
and $1,100 on April 1 and Oct. 1 and Sections 97-201 to
97-207,-"in¬
awarded
from
1959
made
1966
to
high bid of
incl.
for
101.33
Second
2V2S
by the BancOhio Company
of Columbus.
-
Other bids
BidUsr—
.
Trust
A.
ai follows:
were
t
provident
J.
Int. Rate
Savings
Bank
&
.Ra|s Bifl
•
Co
2»/a%
White
&
Sutherland
100.37
21/2
2?4
2%
100.13
3
Co......
&
101.15
2>/a
Co..
Weii, Roth & Irving Co...
Fahey, Clark & Co..'..;/,....
Seasongood & Mayer..
Rjan,
was
100.81
101.08
100.63
clusive. O.
C. L. A., being Chap¬
505, Oregon Laws, 1939. Bids
ter
$11,000 coupon
improvement bonds offered
Feb.
24—v.
awarded
Enclose
certified
a
check
for
$1,000, payable to the district.
(These bonds were offered for
Bond Sale—The
sewer
sale
16—v.
Feb.
on
155,
588—
p.
155,
p.
588—were without success.)
Stranahan, Harris &
to
,
Authorized—We
Issuance
Bond
Offering—Joseph Sergott,
District
Secretary, will receive
sealed bids until 6 p.m.
(EWT) on
March 9 for the purchase of $55,000 not to exceed 4% interest
registerable
cou¬
to
principal
only,
funding
and
refunding
bonds. Dated March 2, 1942v De¬
nom/$500. Due $5,500 on March
pon,
from
to.
1943
name
to
.as
1952
of
one
incl.
Bidder
the
understand that the
present
future law of the Com¬
or
monwealth of
Pennsylvania, all of
which taxes the school district
as¬
and agrees to pay. A certi¬
check lor 2% of the bonds
sumes
fied
for,
payable
District
to
order
Treasurer,
of
the
is
required.
delivery of bonds subject
approval of proceedings by the
Sale and
to
Pennsylvania
ternal
Department
Affairs.
served
to
and any
The
reject
of
right
any
In¬
is/re¬
all
or
bids
bid with any qualifica¬
tion, such
as being subject to the
favorable opinion of any
attorney,
other "than the solicitor for the
City Council
Corry, Pa.
Proposed Bond Issue—We un¬ School District, or any other qual¬
recently passed a resolution call¬
ing for an issue of $1,279,500 re¬ derstand that the City Council met ification, may be rejected.
funding bonds. The Board of Tax on Feb. 16, to take action on issu¬
Pennsylvania ' Turnpike
CommisAppeals is requested, if in its dis¬ ing bonds aggregating $40,000, and
i si on (P. O. Harrisburg), Pa.
cretion it deems proper, to fix the divided
as
follows: $30,000 fire
; Revenue Increase Predicted—A
maximum
street
maturity of said re¬ and
improvement bonds,
prediction that revenue from1 the
funding bonds at 15 years and to and $10,000 refunding bonds.
operation
of
the
1-30-mile
toll
defer
the
first maturity
for a
East Brady, Pa..
', 1, ■'
highway would approximate $3,~
period of 10 years.
j Bonds Sold—An issue of $7,000 204,000 during its second
year of
Wapakoneta School District, Ohio 3% fire apparatus bonds was sold operation ending next
Sept. 30,
Bonds Voted—At a recent elec¬ during 1941 to the Peoples Na¬
representing an increase of nearly
tion the voters authorized an is¬ tional Bank of East Brady. Dated
$200,000 over earnings credited for
sue
of $140,000 school buildipg Aug. 1, 1941. Denom. $500; Due the initial
year, was made Feb. 16
bonds by a vote of 1,200 to 301.
$1,000 on Aug. 1 from 1943 to 1949 by Thomas J.
Evans, Vice-Presi¬
incl.
Woodville, Ohio
Offering — F. H.
Bond
Kneip,
Village Clerk, will receive sealed
bids until
noon
purchase
of
March 7 for the
$26,000
4%
extension
works
water
on
coupon
and im¬
provement bonds.
Dated Dec. 1,
1941.
Denoms. $1,000 and $500.
Due Dec. 1.
Prin. and int. (F-A) payable
name
may
different rate of interest,
a
expressed in a multiple of lA of
1%.
Interest J-D.
Bonds were
authorized at an election last year.
A certified check for $2C0,
to order of the
payable
village, is required.
Legal opinion of Squire, Sanders
Dempsey of Cleveland
&
will be
furnished the successful bidder.
Hyndman, Pa.
Buys Water Plant—Local
disclose
the
press
recent
pur¬
chase
by the municipality of the
and
property of the
Hyndman Water Co., at a price of
franchise
$43,000.
sumed
The
Borough has already
full
purchase
as¬
of the system.
control
financed
was
on
had
been
1943
to
1971
incl.
.
and
ments bonds.
-
improve¬
•
.
Shawnee, Okla.
-
Bond
>
*;
Election—The City Com¬
recently voted to call
election on March 17 to sub¬
missioners
an
mit
the
to
bonds.
•
an
issue of
improvement
voters
airport
$200,000
•
•
,'
Clatsop County, Clatskanie Public
Utility Dist. (P. O. Astoria), Ore.
Bond Election—We understand
•
that
an
election
has
been" called
tioning
a
Is¬
providing funds for the pay¬
of the operating expenses
ment
yet.
as
During January, it
over
the corresponding .month last
year, Total revenue for the month
.
.
Affairs
approved
—
/;
of
on
The
In¬
Feb.
i
(P. O.
issue
an
of
$16,000 3% con¬
equipment bonds.
To Retire 8840,000 Bonds—Close
to
million dollars will be
clipped
from the county's bonded indeb¬
tedness April 1, when the county
a
of
funding
incurred
such
the
to
the
indebtedness
In
floating
for
addition
including
year,
purposes.
taxes
levied
for
the payment thereof, they are fur¬
ther
secured
outstanding
pledge of the
uncollected taxes on
by
a
the
estate .Tor
real
nigan,
that
District; Secretary,
he
will
until 7.30
on
receive
states
sealed
bids
March 9, for the pur¬
chased $100,000 2,
$10,000
March
from
an
original
issue of $875,000 floated 20
years
ago to rebuild the county road and
make improvements
House.
single
15,
1943
Bids will be received for
tire issue at any of
of
interest
but
two different
bonds
1952.
the
fiscal
years
no
limitations imposed by law
Federal income tax the interest
bonds of
class
a
election of the purchaser,
the
on
character which
or
includes these bonds, will,
at the
relieve
purchaser from his obligations
under the terms of the contract of
the purchaser
entitle
sale and
thereon
will
be
payable
the Court
without deduction for any tax or
taxes/except succession or inheri¬
tance taxes nor or hereafter levied
Solicitor, said the debt has
property.
been
refunded
and
will
be
never
paid
Union High School from money set aside in the sink¬
(P. O, Adrian), Ore? ing fund. 'Several years ago the
monwealth, all of which taxes the
school district
Malheur County
to
District No. 4
highest
pay.
assumes
and agrees
They will be sold to the
responsible;; bidder, pro¬
$35,000 worth of vided-such bid is not less than par
be received until 8 p.m. on March the bonds, at a subseauent saving and accrued interest.
The highest
in interest.
During the 20 years responsible bidder shall be the one
3, by Florence Otis, District Clerk,
with the
for the purchase of $17,455 coupon the loan was in force the county who, ..having complied
has been setting aside each year a Conditions of sale, offers to take
funding bonds.. Interest rate is not
to exceed 4%,- payable M-S.; De- sum in excess of $35,000 for. in¬ the whole amount of the issue at
Bond
Offering—Sealed bids will
$500, one for $455. Dated
1942. Due on March 1
follows: $2,500 in 1943 to 1948,
nom.
March. 1,
as
$2,455 in 1949.-Callable after
March 1, 1943. Prin. and int pay¬
able
at- the
County Treasurer's
and
office.
Issued
by
authority
of
a
county bought
up
terest payments and another $40,000 or more to aonly against the
principal.
now
A
reposes
total
of
$2,155,000
in the sinking -fund,
winch
will
dwindle
when
the
bonds
favorable
to
Texas
Bond Election—The
$125,000
school
issuance of
expansion
pro¬
bonds, to be issued in
gram
con¬
nection with a $311,000 program,
will be submitted to the voters at
election scheduled for March 3.
an
Austin,
i
Texas
Bond Election—The
City Coun¬
unanimously passed an or¬
setting March 4 as the
cil has
dinance
date
for
election
an
of
ance
$600,000
purchase
of
the
on
bonds
land
issu¬
the
for
which
on
an
airport and aviation school
army
will be constructed.
The bonds, if
issued, will bear interest not ex¬
ceeding 3% per annum, interest
payable
semi-annually,
and
to
mature not exceeding
30 years.
A sinking- fund of at least 2%
of the principal will be created
to redeem the bonds
opinion
subject to the
at their
ma¬
of Townsend,
Philadelphia,
city tax rate "only 2 cents."
.
Elliott & Munson of
Beeville, Texas
and will be delivered to the pur¬
ceedings authorizing the issuance
thereof have been approved by
Affairs.
Internal
of
Department
Enclose
the
certified check fo#2%,
a
payable to the District Treasurer.
Centre-
Providence
North
,
j Note
(P. O.
dale), R. I.
is
Planned—-It
Issuance
reported that a bill has been pro¬
posed to be introduced in the
Senate
calling for an issue 01
$190,000 short-term sewer con¬
struction notes.
; /
.
SOUTH
i
the
Colombian
Securities
Corp.,
Antonio, has purchased an
of San
issue
of
$15,000 2%%
refunding bonds.
semi-ann.
Breckenridge, Texas
Exchanged—City Secre¬
tary R. L. Davis states that $521,.
/ Bonds
ISLAND
RHODE
Bond Sold—We understand that
;
if and after the pro¬
chaser only
000
CAROLINA
3V2%
refunding
bonds
have
been exchanged with the holders
of
the original
bonds.
Due
in
1942 to 1979.
Brownwood,
Texas
f Bond Election—The City Coun¬
cil
has
ing
the
an
passed an ordinance, call¬
election for March 10 on
issuance
-
bonds.
of
$75,000
school
The bonds will be paid
off
serially within 25 years, with in¬
Sparianbury County (P. O.
Spartanburg), S. C.
terest at 3%.
Contemplated— / It was understood that a con¬
the County tingent sale of the proposed bonds
has been made, with provisions
Supervisors may issue $150,000
road construction
and improve¬ that those maturing in five years
shall be issued at 2%% and the
ment bonds.
Issuance
understand ' that
We
remainder at 3%.
j
DAKOTA
SOUTH
Camercn
r
bid
other
No
banks.
was
re¬
ceived, according to the City Au¬
ditor.
Dated Feb. 1, 1942.
Due
on
Feb. 1 in 1946 to
after Feb.
County (P. O.
ville), Texas
•
Sale — The' $25,000 2%
general obligation air¬
port bonds offered for sale on
Feb. 13—v. 155, p. 589—were pur¬
chased jointly
by two Yankton
Bond
;
Browns-
Issuance of Further Road Bonds
Held
Up
ment
—
The-following state¬
issued
was
by
Oscar
C.
Dancy, County Judge:
:
On Saturday, Jan. 29, 1927, the
property taxpayers of Cameron;
County by a majority of nearly 4
to 1 voted $6,000,000 in bonds to
1953, callable get the County out of the mud. The
Commissioners'
1, 1945.
Court
issued
and
sold said bonds at different times
444:?:M:4-tennessee
//'•
and
*
;
Kingsport, Tenn.
;
Offering
Bond
Manager
>
Change
-
-
City
—
Cloud states that
F. L.
been
changed
March
in
follows: $1,700 on
as
1,1943, $2,000 on March 1
to
1960, .and $3,000 on
1944
March b in 1961 and 1962.
L
until
received
2:30
p.m.
on
by F. T. Tobey, City
Comptroller, for the purchase of
$200,000 coupon municipal' air¬
port improvement bonds.
Inter t
March
est
10,
rate
to
be
named
Denom.\ $1,000.
Due
1942.
1943
$20,000
1952
to
&
at
or
Trust
by
bidder.
March 1,
March 1 in
redeemed
life
thereof, the amount of premi¬
York.
April 1.1 The county's next bond
um
offered, if any, over and above
must
&
by the Comp¬
and approved by the
At-;
torney General and marketing at¬
torneys in New York.
troller
The final and last i§sue
$850,000 which
was
for
optioned for
$454,000
were
never
delivered.
Supreme Court has held that
bonds
are
actualy
not
and
Therefore, we
said
"paper"
have
New
A certified check for $2,000
delivered.-
$454,000
bonds
stored
Brownsville—pretty
but
not
which
worth
the
since
to
fine
lithographed.
the City Hall
of New York.
legally issued until
sold
County
the bid.
were
The
but
Hoffman' of
accompany
Judge/ registered
ron
Legality to be approved by Thom¬
son,' Wood
lithographed, signed by the Treas¬
urer,
County Clerk and County
int.
and
at the Chemical
Co.
issuing the entire authorizations
that is to say they had the bonds
assessed
on
.
through the mechanics
the
Prin.
incl.
payable
Memphis,
Bank
Dated
of
sale, but the "bubble busted" and
Memphis, Tenn.
Bond Offering—Sealed bids will
be
went
•
the
maturities
of
the
$41,703
city bends, scheduled for sale on
March '3—v.
155,
p.
744—have
account;of such bonds during the
are
TEXAS
Abilene,
Mayor Miller said the is¬
$1,315,000
to
to
to
of the bonds will raise the
(M-S)
on
cost
as
suance
in
paid
rate
same
turity.
trict; which shall be determined
by
deducting
from
the
total
interest to be
bonds to
of interest.
with the bid. Issued
the lowest interest cost to the dis¬
amount of
to in¬
all
par,
the return of the amount deposited
the above rates
Registrable as to
The bonds and the
that required
at
the city.
Regisprincipal only and
may be discharged from registra¬
tion and again registered at will.
levied
property taxable for
school purposes within the district.
Prin.
and
int.
payable at the
Miners Savings Bank, Pittston. The
enactment, at any time prior to
the delivery of the bonds, of Fed¬
eral legislation which in terms, by
the repeal or omission of exemp¬
tions or otherwise, subjects to a
-
Coast Power Company
interest
the
all
on
:;;v"
bid
the
terable
1938-1939,
1939-1940,
and 1940-1941, in an amount in
excess of $200,000,
The outstand¬
ing' uncollected taxes will be es¬
en¬
combining'
ratles of interest will
principal only.
interest
to
Believed to be the largest
loan ever floated by the
to
sale
1937-1938,
semi-ann.
Bond Offering—Thomas J: Hen-
be; accepted.
of
than
a
Comparison of bids will be made
by taking the aggregate of inter¬
est and deducting therefrom the
premium bid to determine the net
)
Pittstcn), Pa.;
•
2i/4, 2Vz, 2%, 3,
31/4, 3V2, 4, 41/4, 412, 4% or 5%
struction and
semi-ann. general obligation oper¬
Lackawanna County (P. O. Scranating revenue bonds. Dated March
ton), Pa.
15,
1942.
Denom.
$1,000.
Due
20
chosen
sure
Yankton, S. Dak.
Pittstcn School Dist.
in
*4 or l/10th of 1%.
No higher rate of interest shall be
bear
i Bond
reported,
was
state interest rate
rent/fiscal
ra¬
total of 112,604 vehicles traveled
the road, an increase of 15.4%
Bidder to
multiples of
of_the school district' for the cur¬
"alarming change"
submit to the vot¬
county, the issue yields 4%% in¬ or assessed thereon under any
ers an issue of $237,000 bonds to
terest.
Philip V. Mattes, County present or future law of the Com¬
finance the purchase of the West
for March 7, to
l>
,
the
a
worth
;;
1
.
16, 1939, P. L. 139, for the purpose
of
however, that there
no
commissioners will retire $840,000
OREGON
,
pursuant to the Act of May
Callable
Approved—The attorney
Bond
Issue
Approved
general's office announced recent¬
Pennsylvania Department
ly
approval
of •; $104,000
water ternal
extension
traffic
through the sale of bonds, in $500 was
$168,849, compared with $133,denoms.
and
maturing serially 046 in January, 1941.
7*ownship
School
District
(P. O. Oslerburg, R. D. 1), Pa.
.
truck
in passenger car travel due to
>
works
in
He said,
road.
,
advices
been
King
Bonds
Traffic
Evans admitted there had
19.
after the first five years.
Ohla.
Lawton,
'
Commission.
reduction
May
from
OKLAHOMA
/
the
.
.
Bidder
inch
1958
to
dent of
engineers, he said, originally esti¬
mated that the Pittsburgh-HarrisEllwocd City, Pa.>
...
Bond Issue Approved—An issue burg superhighway would yield in
of $120,000 sewage disposal plant the neighborhood of $3,000,000 an¬
'
bonds will be considered by the nually.
/In advancing his prediction, Mr.
voters at the primary election on
1943 to 1954 inch and $2,000 from
1955
sued
at the above-mentioned bank.
follows: $1,500 from
as
\
T» "
the face amount of the issue.
.
bid
PENNSYLVANIA
Co., Inc., Toledo, as l%s, at a
price of 100.03, a basis of about
Caslanea
Township School Dis¬
1.74%.
Dated Feb.
1, 1942, and
trict (P. O. Caslanea), Pa.
due Feb. 1, as follows: $2,000 in
Bond
Issue
Approved — The
1944, and $3,000 from 1945 to 1947
Pennsylvania Department of In¬
inch > Second high bid of 100.53
ternal Affairs approved on Feb.
for 2s was made by J. A. White &
20 an issue of $8,000 3% various
Co. of Cincinnati.
improvement bonds.
J. ,/
Bond
"
.
following
rates of interest; 21/z%,
2%%, 3%,
less than par and accrued inter¬
est.
The
approving opinion of 3V43^2%, 3%% or 4%. Prin.
and int. (M-S 2) payable without
Teal, Winfree, McCulloch, Shuler
tablished as a trust fund for the
deduction for any tax or
taxes, payment of the principal, interest
& Kelley of Portland, will be fur¬
except gift, succession or inheri¬
nished, but for which opinion the
and taxes dn' these bonds.
Gen¬
tance taxes, now or hereafter lev¬
successful bidder shall pay in ad¬
eral obligations payable from ad
ied or assessed thereon under
any valorem taxes within the
dition to the price bid for the
taxing
must be unconditional and for not
bonds.
Toledo, Ohio
Newport Township School District
(P. O. Wanamie), Pa.
879
f
at
look
at
paper
on
At that time
valuations
were
then
of
over
have
of
Came¬
$50,000,000
fallen
ap-;
proximately $20,000,000.
These
Art.
bonds
were
voted
under
3,
tion,bonds
Sec. 52 of the Constitu-,
which
provides
that
all
under said provision can't
exceed 25% of the assessed valua-
THE COMMERCIAL & FINANCIAL
880
tions of the real
county
Cameron
County Water Im¬
1 at HarCameron ■/County
Water Improvement District No.
2 at San Benito, created and now
existing under said Article 3, Sec¬
It
is
issue
Contemplated—
Issuance
Bond
have two water districts to
We
wit:
and
Galveston, Texas
property in said
sub-division.
or
reported that the city may
$1,000,000 bonds for a drain¬
project in conjunction with
provement District No.
age
lingen
Galveston County.
and
52
tion
other
the
in
districts
entire
either
Constitution.
the
of
the
County and
having
Valley
All
•
been
originally created, or con¬
Sec. 52, to Art.
verted from Art. 3,
16,
59 of
Sec.
which
said
frees
Constitution
the
I
limitation.
25%
stand that there
from
districts
such
under¬
only four
are now
water districts in this entire State
Harris County
territory is in two dis¬
same
tricts
or
sub-divisions of the State,
both under Art. 3, Sec.
can't issue
more
52 that
bonds if the
you
com¬
bined
percentage
exceeds
25%
Cameron County has a percentage
of
outstanding bonds of a little
over 18%.
The San Benito Water
District
percentage
a
of
little
a
(P. O. Baytown),
T exas
-
However,
of
to
Dallas
earmarked
lor
sold
unless
the
project is
ap¬
access
road, the sale mo¬
specified—
'
County Auditor Star: Williams
an
tion
said
only $82,000 remained out of
(P.
District
Directors
has
March
set
road
plant
network
as
\;
i.—(P. O. Ysleta), Texas
well
to
:
bonds
Sale—The
March
9
on
Feb. 9
155, p. 589—were purchased
by Mr. Manuel Schwartz of El
Paso. Dated March 10, 1942. Due
was
the
sals—sale-of
bids
on
alternate propo¬
as
the
of
date
the
election
an
on
proposed issuance of $1,050,-
and
also
$150,000
sale
the
of
virginia
Bond Sale—The issue of
4%
Bond
Election—It
an
stated by
was
in bonds
$650,000 in
bonds
■
,
.
16, Sec. 59 to enable us to issue
our road bonds without a percent¬
age raise in valuations.
On
count of the prosperous times
ac¬
and
high prices of land, valuations did
go up but valuations were never
raised just to issue the bonds. Not
a
member of the Court, includ¬
Bonds
official
above
Cochran
County Road Dist. No.
1
(P. O. Morton), Texas
Sale
Bond
ann.
Details—It
that the
reported
road
is
$150,000
sold
bonds
at
now
semito
par
Crummer & Co. of Dallas—v.
155,
589—were purchased as fol¬
$18,000 maturing March 1,
$2,000 in 1943, $3,000 in 1944, $4,000 in 1945, and $9,000 in 1946, as
p,
lows:
to
reports the voters of the
recently approved
district
$50,000 bond issue for expand¬
ing
the
school
facilities.
The
funds will be supplemented by a
$61,300 Federal grant.
Port
ing the County Judge, would con¬
such
a
raise
for a
split
,
Approved—According
a
Arthur,
Texas
Bond Call—Bill N. Taylor,
sider
second.
follows:
(P.- O.
City
Manager, calls for payment on
July 20, the following 5% bonds
of the above city:
$16,000 sani¬
tary sewer, series 1, Nos. 76 to 91;
$2,000 sanitary sewer, series 2,
Nos. 10 and 11; $1,000 city hall,
No. 15; $18,000 water works, series
1, Nos. 87 to 104; $5,000 water
works, series 2, Nos. 24 to 27; $18.
000 water works, series 3, Nos.
91 to 108. Payable at the National
City Bank, New York City.
2V4S,
and , $132,000
maturingRoberts County (P. O. Miami),
March 1, $20,000 in 1947 to 1949.
Texas
$22,000 in 1950, and $25,000 in
Bond Sale Details—The County
1951 and 1952, as 2V2S. Dated Feb.
1, 1942. Prin. and int. payable at Judge now states that the $9,000
the
Mercantile
National
Bank, 3% semi-ann. road and bridge
bonds sold at par to
Dallas.
These bonds are voted refunding
obligations for road construction Watson, Lynch & McEvoy of Dal¬
and constitute a direct
obligation of the dis¬
trict, payable from an unlimited
ad valorem tax levied against all
taxable property therein, and are
free from all present Federal in¬
come tax.
Legality approved by
purposes
and general
Bond
Planned—
It is reported that the City Coun¬
cil is to meet on March 5, to pass
on
ordinance
calling for an issue
of $35,000 not exceeding 4% air¬
port
lighting; system
bonds.
Franklin), Texas
10
to
Sam
submit to the vot¬
issue of $90,000 not exceed¬
road
4 y2%
ing
bonds,
has
been
cancelled.
142, to the amount of $134,-
Price
County (P. O.
wall), Texas
Paid—The
Rock¬
1937-C, Nos. 8, 10 to 14,
154
to
161, to the
amount of
$136,500.
April 10, 1937. Due April
10, 1942 to 1972.
Interest ceases
Dated
on
date called.
detailed
a
various
of
account
<
expendi¬
tures and this innovation, accord¬
ing to Director Roberge, will pro¬
vide
the
municipal
authorities
with
the
necessary
data which
they require when departmental
departmental
estimates
come
up for discussion
budget estimates are being
when
considered.
According
the
period
of
by
report;
the
city
the
was
$2,339,837 during
in the state¬
covered
The
ment.
the
to
debt
Issuance
bonded
debt
at
the
erty in West Virginia at $11,074,200,
which assessment, in
my
comprises
of
liabilities
$205,801,659 last
excess
assets
over
was
1960, and $3,000 in 1961 to 1970.
Bond ;i Approval
Pending
An
.
have
been
recessed
$210,000 in City of Waco bonds is¬
sued in 1913 and 1914 and coming
Tarrant
..
County (P. O.
Worth), Texas
Worth
reported
as
Court
of
of
Feb.
<;
Bonds
ported
passed
;,*> A
Authorized—It
the
by
County
calling Tor
of
not
$75,000
was
Board
an-
exceeding
highway
re^
is
^resolution
a
Supervisors
16
the sale of the remaining $650,000
of the $1,250,000 bond issue ap¬
will
then
substitute
its
own
proved by
the public last March
refunding bonds for them. Beckett,
Gilbert & Co. will make a fee of
to
construction
ments
-5%
improvement
exceed
estimated
Estimated
of and
issue
shows with
31
was
end of
six
51.05%,
_
assess¬
branches of
more
than 50% of
total.'
revenue
income
years
other
all
that
revenue
the
Oct.
ended
exception; ofwgeneral
taxes
from, sales
during
the
$6,740,277 and at the
months, $3,441,223, or
had
been
collected.
Denom.
.
been
the
fixed
end
of
at
the
$24,519,305
and
alberta
,-y *
.
Interest/Payment—It
5
Tadoussac, Que.
Bond Sale—An issue of $50,000
Alberta* (Province of)
Bond
at
six-month ^period
$12,207,648 had been collected.
officials will, sell
and
the
$l,000.-.Due in not Budget estimates from general as¬
sessments
during the year;; had
than 20 years.
VCy"
bonds.
more
Osh-
kosh ), Wis..
■
that
county
O;
Dallas, voted on Feb. 3, the city
sufficient securi¬
follows:
Commis¬ ties now in their possession to buy
today
authorized up all the bonds to be refunded,
"Press"
A
which
■
nually until 1963.
Under a con¬
tract with Beckett, Gilbert & Co.
Fort
Bond Issuance Authorized—The
Fort
,
County (Pi
Winnebago
printed or actually issued, pend¬
ing various steps such as approval
The bonds will be substituted for
County Judge
$40,000 2V2 and
semi-ann. court house and
M
Wisconsin
meeting of the board,
but the bonds have not yet been
a
,
.
penditures for the first six months
approved - recently
by the State's Attorney' General.
the
that
sioners
and
Bond
'
Rockwall
101,
1937-B, Nos. 7 to 53. and
151
contains
at
Texas
000.
to
this
On
that
ers an
103, 104, 106 to 203, 208 and 209,
to the amount of $193,500.
16
surplus of $1,basis it is ex¬
pected
revenue will exceed
anticipated
expenditures during
the year by more than $2,000,000.
For the first time in the history
of the city the financial report
018,292.
to
Judge
is
.
Series
31 that the City
a
..v,
-
56 to
of Montreal had
.
2%% :
due in January, 1943, and January,
Call—City Secretary M. jail refunding bonds sold to the
1944.
B. Moseley states that the follow¬
v
•.
-y
First National Bank of Rockwall
The new bonds are to draw 2%
ing refunding bonds are being —v. 155, p. 790.—were purchased
interest, as compared to the old
called for payment on April 10, at at
par.
"••••/
rate of 5%, and will mature an¬
the First National Bank of Dallas:
Series
which ended Oct.
'
to
Cancelled—It
County
by
refunding
Nos.
berge,
that during
Delayed—It is
end of April, 1941, was $253,475,R. Cluck, Attorney 933
while at the end of October
for the District, that it will
be of the same
year the amount was
Texas (State of)
several weeks before the $5,500,$251,136,096.
not
Pamphlet Prepared
On
State 000
exceeding 6%
electric
The question of the borrowing
Aid—The
Ranson-Davidson
Co., revenue series A bonds are placed
power of the city was not dis¬
Inc., Milam Building, San An¬ on the market.
cussed in the report because as
tonio, Texas, has issued a report
Director Roberge explained "that
WEST VIRGINIA
dated January, 1942, covering the
matter has practically been set¬
history .of State ;aid in Texas,
West Virginia (State of)
tled."
pointing out the important provi¬
Western Maryland
R. R. Tax
By virtue of legislation adopted
sions of the law, and presenting
Valuation Held
Excessive — An at Quebec, the city, since June 1,
statistical information pertaining
Associated
Press dispatch from 1940, has not amortized its loans
to gasoline tax receipts and fu¬
Elkins
on
Feb. A16
reported as provided with a sinking fund and
ture debt service-requirements.
follows:
Circuit Judge John
F. does not pay to its sinking fund
The firm advises that it also has
Brown today held that the West the interest on bonds of the city
available a few copies of House
held by. that fund.!.
Bill No. 6 (State Aid Law) and Virginia Board of Public Works
acted illegally in fixing the West¬
Director Roberge said that the
the
last
annual
report of- the
ern
Maryland Railways 1941 tax $1,018,292 surplus ! for the sixBoard
of
County and District
valuation
at £ $11,074,200.
The month period compared A with! a
Road Indebtedness in which all
Judge ruled the figure should surplus of $457,051
during the
eligible bonds and warrants are
same period last year.*'-.
have-been $8,504,200.
listedshowingpercentag^-of.4aid J ;
Judge Brown said that Western : The report showed that the net
on each issue. J v.
:■ v -■
Maryland properties in West Vir¬ funded debt of the city at the end
ginia,: were j cheaply, > constructed of April, 1941, was v $218,525,527
/ Wvs W>aco,
Texas
Bond * Sale—The $50,000 :2!/2 % and operating costs were higher while at the end of October, the
semi-ann, school bonds offered for than .elsewhere and added:Ay.;., same year, this amount had been
"I am .further- of the opinion reduced to $217,789,909. The gross
sale on Feb. 17—v. 155, p.. 744—
that if the Board had given due debt of the city, however, had in¬
were awarded to the Citizens Na¬
to
tional Bank of Waco, payings a consideration
excess> values creased from $267,966,747 to $284,premium of $2,150, equal to-104.30. outside the State, they would and 826,837 over the same period. •>?> ••
The net debt of the city which
a
basis of about 2.23%.:; Dated could not have assessed this prop¬
Bond
1937-A,
Director Lactance Roissued recently,
showed
the six-month period
of
report
diminished
Wash.
;<0,
Surplus—Financial
for March 3, to
states
Series
County Public Utility
DisC No. 1 (Pi O. Bellingham),
Six
For
Report
Months Shows
opinion, is unreasonable, errone¬ year and $205,066,061 in the re¬
ous, excessive,
confiscatory, un¬ port released yesterday, f
Comparison
of< the
1941-42
ordinance authorizing the issuance just and illegal and in violation
budget with the revenue and ex¬
of $210,000 refunding bonds is said of the law."
Election
Bond
Due not later than 1951.
Ennis,
of
stated by Jack
count of 884 to 70.
Dec. 1, 1941.
Due on Dec. 1; $1,000 in 1949 to 1952, $2,000 hi* 1953
(P. O.
14
Craig,
Montreal, Que.
Financial
bonded
Whatcom
$22,500 parks improvement bonds
by 841 to 108, and $12,500 city
jail and police station bonds by a
.
Robertson County
stated
Texas
Authorization
$50,000 hospital purchase
by a count of 953 to: 5;
Frank L.
to
Rogers that the election scheduled
W. P. Dumas of Dallas.
El Paso,
Jan. 3, are
and mature
$1,000 from Oct. 1, 1946 to 1954;
optional after Oct. 1, 1946.
as noted here on
dated Oct. 13, 1941,
las,
bonds
awarded
$17,000
Feb.
offered
bonds
election
8%, adding the two together the Board of Education states that
Quartermaster Depot which the
more than the 25%, and
$6,000
4%
semi-ann. refunding county has been asked to con¬
Radford, Va.
we
are
completely "hog-tied" so bonds have been sold. Dated June
struct;
y.y.r
O
w '
Bond Issuance Contemplated—
far
as
issuing these $454,000 is
20, 1941.
'
Judge Miller said the $600,000 It is stated by H. T. Roberts,
concerned. The percentage in the
derived from the sale last spring City Manager, that the city in¬
Harlingen District is some higher Mills County (P. O. Goldthwaite),
would have covered the costs of tends to issue $162,000 sewer ex¬
Texas
than the San Benito District. The
the roads to the
bomber
plant tension bonds but the date of
Bonds Sold—It is reported that
only way the county could issue
and
Arlington-county line road election has not been fixed at yet.
the bonds without the conversion the
County
Permanent
School
if the War Department had not
of these two districts would be Fund has purchased $15,000 3%
WASHINGTON
asked
that the
projects be in¬
by a percentage raise in the as¬ court house refunding bonds.
creased in size and scope.
Port of Kalama (P. O. Kalama),
sessment of real property, which
Palestine, Texas
is unthinkable.
Wash.
Temple, Texas
Bonds Sold—It is reported that
When we were issuing the other
Bonds
Voted—AL the election
Bonds
Sold—It is stated that
Fritz Stewart & Co., of Dallas, held on Feb. 16 the
part of the $6,000,000, the La
voters ap¬ $90,000 refunding bonds approved
Feria, the Santa Rosa, El Jardin, have purchased $14,000 3J/4% air¬ proved the issuance of the bonds by the voters in October, have
the
Los
Fresnos
and
all
four port refunding bonds.
aggregating $85,000,
divided as been sold.
drainage districts which had been
Pasadena School District
created under Art. 3, Sec. 52 of
Pasadena), Texas
the Constitution converted to Art.
school
Breeden, City Auditor, Ltd., of Toronto, at a price
has been called 100.25, a basis of about 3.95%.
A. Preston
that
is
have
you
1942 and
13,
QUEBEC
determined.
over
Feb.
due May 13, 1942.
for March 17, to submit to the
voters an issue of $3,000,000 water
(the latter if 12th St. is system bonds. A portion of the
000
irrigation and
distribution designated as an access road).
above
bonds, together with a
The road program financed by
system construction bonds.
block
of
general: improvement
this issue does not include pro¬
bonds are to be placed on
the
Mabank Independent School Dis¬
posed roads to the Midway Air¬ market about March 31. The ex¬
trict (P. O. Mabank), Texas
port, the Globe Aircraft factory, act amount has not as yet been
Bonds Sold—The Secretary of the bombardment base
and the
15
issue of
Buckingham, Que, /
authorized to
receive
two
0.545%. Dated
April 10 in 1943 to 1962 iucl.
on
Sold—An
$45,00,000 Treasury bills was sold
on Feb. 12 at an average yield of
—v.
the Ar¬
as
on
(Dominion of)
—Treasury Bills
—
$35,000 school
for sale
offered
or
miss:
canada
Canada
Independent School District
Bond
1942,
Canada.
"'
Norfolk, Va.
and
advertise
of
Board
Ysleta
been built.
lington Road.
Mr. Williams
Texas
Mission),
O.
Election—The
Bond
15
District No.
Improvement
bomber
Control and
in
,
plete; the
optional in 20 years.
a pre¬
$108,000 in auditorium bonds
The auditorium has
never
1,
$15 per $1,000, 'upon presentation
of the debentures at any branch
outstanding.
the $600,000 in bonds sold last
Cate, Secretary of the Board of
-'y . ; 1
Directors,
for the purchase of spring.
;
Judge Miller said the sale would
$80,000 not exceeding 5% semiann. water and sewer bonds.
Due provide enough money to com¬
in 30 years,
of
March
ending
year
held by the city, of the^ Imperial Bank of Canada
vious issue, now
for the 12th St. connection between
B.
Hidalgo County Water
refunding
the
to
operations, the city will also ex¬
change refunding bonds
v
-
$500,000
addition
In
Abraham,
the
North Side and Riverside will not
as
~
:
Offering—Sealed bids will
be received until Feb. 28, by M.
The Court's have held that where
the
Arlington
County line,
be
Bond
Sec7v52,
still under Art. 3,
in
Fresh Water Supply proved by the War Department
District No. 8
—•_—...........
extension
the
St.
Monday, March 2, 1942
CHRONICLE
is 4%
improvement
bonds
around
ported that the Province will pay
awarded
Dec;. 29
to
.:was
Corporation
holders, of debentures, which ma¬ des Pres ,de Quebec, of Quebec,
$2,000 by selling the pres¬
tured Sept. 1, 1941, interest at the at a-price of 97.71, a basis of
leading to the bomber plant, the ently-held securities for the city at
about 4.34%... T:-y..v.... c , v.
North
Side-Riverside
Boulevard 2% above par: -'c.-—* r rate of 3% in respect of the halffinance
of
roads
<
<Volume 155
Number 4051
-
Gross Aid Net
COMMERCIAL & FINANCIAL CHRONICLE
the
Earningsof United Slates
4 ""
/i DaiKvaaJ* CahTLa KIamIL AX nk
^l-;698i>P; *1,570'; ^ xlt574 A-.* *1,428
PlouriOOO bblfr.)
.
-
Kaiiroads ror The Month Of December,-:
,x?!oK„T r £8S&£&asf
Mrioy!roobUU;t:-i«S'- P-Sm-'' S=68
biates during last DGG61T1DGF
bGgail to rCflGCt-tilG
SCtttCT}
increase
pact of
of
the
both
Rye
,
(000 bUv)■ ~x2;643
.
:In comparison with- the
year
: +
f
'V^ x730
1
:
rather
substantial
«^S5jfetS2fc'--$S2,S5
iix T
gains
^
S1H12 2*1I7*2J5
964,353 3.251,373
^
m^?|^961>704:-ilf005;784
jit is at;least permissible to hope that the recent increase'
of na^enper faroc
©I-.passenger lares will ho'fnllmuprl hv a
Will be iollowed by a
rate advance,, and the position - of the
:
;
'
1
by: .^v.,
I"ft Uj?lted States BureaU of tlie Census.
fHcrhf
trpnpral
general irignx
railroads
for 37
v.
thus
states
Rocky Mountains)', c National Bituminous Coal
d United States Bureau of Mines. e Association of Amer-
Commission,
lean- Railroads,
.j,.>
,
..
b F. W. Dodge Corp. (figures
east- of
f Compiled
from
private
telegraphic
reports,
December
.
areas
1Q/11
Of
1941'
was
less
favorably situated than others, howowing in part to circumstances of the war.
The
great, roads of the West met a vast test in December
were
So far has been but inadequately noted.
The
Japanese attack at Pearl Harbor occasioned a tremen-
and
only 46 of the roads, were able to show such gains in the
net results and 23 reported decreases in net from a year
previous. In November, 31 roads registered increases in
; net and 19, decreases.
The Pennsylvania, which heads
the list of roads with gross increases, is third in the list
ticipation in the
increases, showing a gain in net of $1,768,647.
Pacific, with the second largest gain in
gross, reports a decrease in net earnings of $732,256.
The New York Central with the third largest gain in
gross has been obliged to report the largest loss in net
earnings. In the following table we show all changes
for the separate roads and systems for amounts in excess
of $100,000, whether increases or decreases, and in both
gross and net:
/
in any consideration of railroad earnings.
of
tunes
-
war
may
developments at
like
cause
any
•
time.
It is certain,
that
the other hand,
on
vast
a
amount of traffic will fall to the railroads,
if the
especially
of motor vehicles diminishes in conse-
use
of the rubber shortage and the halt of auto-j
quenee
mobile manufacture
decades
principal
to other modes of transportation
j„„,1
•
the
more
,
strain
cause
congestion
therefore, is
necessary,
ni
„
and
at
last';
'
cial return to the carriers for the advancing
traffic,
earnings Of the railroads for December,
ai/i7Q KTi
tn
amounted
to
«tQQl
orromrf
ROfl
i
CentraL__
*6,461,813
Month of December
1941
r
—
A Alabama Gt. Southern.
cin. n. o. & Tex. Pac.
2.203,901
Central of New Jersey
332,116
_____
2,193,186
Nash. Chat. & St. L.__
2,072,364
Int.
>
,
———
-
-
coio.
&
XXTa
We
turn
now,
contributed
Erie
ciinchfieid
chi. & East
1,340,104
•,
1,331,228
-
to
the
business
various
Y.
Chi.
&
St.
&
the
of trade! activity
in
relation to its bearing
..
of
ovepntion
exception
OI
awarded,
,*These figures
materials
was
the
ine
for
rpnnirpH
requirea
tor
defense
awense
and
+14,799,898
+28.84
21,567,444
+
4,349,029
+20.16
92,034,974
72,886,047
+19,148,927
+26.27
rds.)
49,843,704
39,546,207
+ 10,297,497
+26.04
(16 rds.)
93,952,844
71,826,013
+
22,126,831
+30.81
(20
38,238,606
27,723,307
182,035,154
roads)
Northwest'n
Cent.
(15
reg.
West'n reg.
Southwest'n
reg.
Total
(51
Total all
District
dist.
&
stock receipts in the
the
month
same
of
aggregate were
1940.-
..
253,728
.
Marquette
157,457
Chi. Ind. & Louisville.
Florida & East
150,407
Coast..
139,871
Can. Pac. Lines in Me.
849,826
.,105,512
Long
.
island
105,918
S 'c"n Nft-iTta«to12S
662,672
" /
1941
npppmher
Northern
!
Total (79 roads)
IllSi Georgia
.
521,183
So. & Pla
W2M78
Total (l road)
$123,578
operations of the New York Central and the
&. Lake
Erie,
the
—.
Nashville.
&
(3 roads)
651,505
.
Mexico
.
—
.
.
l.
southwestern...
- .
Texas & Pacific!
Wabash
Chi
x
R
&
:.
.
>
Pac>___Jw
Yazoo & Miss. VaL
Missouri-Kans.-Texas
increase
&
.
1941
1940
6,646
6,700
5,094,681
5,372,228
26,121
26,114
18,687,204
21,126,579
24,358
24,500
24,617,537
23,743,094
+
57,314
48,399,422
50,241,901
—
37,836
38,166
20,024,867
17,299,227
+
2,725,640 +15.76
6,076
6,033
11,973,691
9,197,325
+
2,776,366
43,912
44,259
31,998,558
26,496,552
+
5,502,006 +20.77
East,
region..
senger
,
.
.
-
f pas-
367,520
.
349,488
_
'
increase
$140,699
138,709
138,526
—
.
.
*
-
,
Building (000):
Constr.
contracts
Northern
;
483,567.
282,205
region
Pocahontas
region
...
Total
452,142
120,007
107,353
"
'
$354,098
k
$81,219
•WhimlnniiR"
Pfl
Pa.
'
e
anthracite
anthraci e
46 667 000
Chi. Mil. St. P. & Pac.,
Alabama Gt. Southetn.
Baltimore & Ohio.^._..>
Atlantic Coast Line.!.)
d"4'll8,000"
Freight Traffic:
41,400,000 38,066,000 31,522,000. 47,046,000
4,834,000
3,914,000
5,141,000
.
-
-
-
Wheeling & Lake Erie.
7,377,000 |
Cin.
-
N.
O.
Colorado
_
& Tex.
&
258,957
(cars
Cotton
r
z3,720,197 *3,332,086 *3,154,486 *2,486,832 *4,137,016
,
receipts,
P°"s'
Livestock rcts""~r "
...
.
J
Omaha
(cars).I
..
»
,
..
....
^
517 934
305,420
s
3,185
2,340
966,181
1,039,511'
1,107,014
■ •
': 'tm"2,089 -
'wm
2>626
• .
Sm1s
5,954
3.67
+30.19
45,619
45,520
10,640,485
9,314,767
+
1,325,718
56,199
56,298
24,480,7<8
21,874,465
+
2,606,313 +11.91
region..
29,056
29,101
11,519,832
130,874 130,919
46,641,095
Total
8,045,128 +
39,234,360
+14.23
3,474,704
+43.19
7,406,735
+
all
Total
districts. .231,911 232,492
Note—Our
the
grouping
Interstate
confines
of
of
the
Commerce
the
+18.88
roads
different
EASTERN
New
England
Pac.
and
and
groups
to
conforms
Commission,
the
+11,066,262
the
9.54
+
classification
following
of
indicates
the
regions:
DISTRICT
Region—Comprises
the
England States.
New
Great
Lakes
Region—Comprises
the
section
on
the
Canadian
boundary between New England and the westerly shore of Lake Michi¬
gan to Chicago, and north of a line from Chicago via Pittsburgh' to
York.
New
Central
Eastern
Region—Comprises
Region east of
the
the
line
a
from
Mississippi River to the
Ohio
River
to
corner
Parkersburg,
of
the
W.
./ISOUTHERN
Va.,
and
Maryland
south
by
Ohio
of
and
the
a
River,
the
line
thence
Potomac
;
.
&
Region—Comprises the section east of the Mississippi River
the Ohio River to a point near Kenova, W. Va., and a
following the eastern
boundary of Kentucky and th®
southern boundary of Virginia to the Atlantic.
>
Pocakonttu, Region—Comprises the section north of the southern
boundary of Virginia, east of Kentucky and the Ohio River north to
Parkersburg, W. Va., and south of a line from Parkersburg to th®
southwestern corner of Maryland and thence by the Potomac River to
its
thence
mouth.
'
-
,
iZ'r WESTERN DISTRICT
^? -;::Z"
■
Northwestern
west
the
of
Omaha
Region—Comprises the section adjoining Canada lying
Great Lakes Region,
north of a line from Chicago to
and
thence
to
Portland,
and by the Columbia
River to
Central
Western
Region—Comprises the section south
of
the North¬
western Region west of a line from Chicago to Peoria and thence to
St. Louis, and north of a line from St. Louis to Kansas City and thence
to El Paso and by the Mexican boundary to the Pacific.
Southwestern Region—Comprises the section lying between the Missis¬
a
line from St. Louis to Kansas City
and thence to El Paso, and by the Rio Grande to the Gulf of Mexico.
St. L.-S. Fran.
Erie.
482,467
of all the grains in the table below amounted to
000 bushels compared with 41,278,000 bushels
month
last
somewhat larger.
Flour
year.
69,085,in
also
In the table which follows
WESTERN FLOUR AND
Weeks
359,036
Minn. St. P. S. Ste. M.
287,638
Central of New Jersey.
Western Pacific
Elgin Joliet & Eastern.
198,298
Pere Marquette
182,861
(bu.)
(bu.)
(bu.)
1,837
7,727
1,241
741
1,289
610
7,149
2,008
22
9,093
1,902
3,804
2,707
1,276
1,631
3,880
2,379
483
70
11
439
2
997
8
479
3,810
4
798
67
26
2,659
365
702
361
591
Minneapolis
(bu.)
862
...
(bu.)
740
Chicago
Corn
409
177
....
Maine Central
York
-
;
217,505
Milwaukee
75
68
Toledo
and
Omaha
192,318
________
106,120
Total (23 roads)
$8,894,961
•
-
392
1,164
3
21-
4,027
:
672
v
9
■
32
■
-
'
3,169
282
162
9
606
1,423
291
56
192
505
172
10
84
2,965
134
-56
265
106
2,246
162
67
260
54
3,555
2,185
258
90
1,461
1,538
155
230
Kansas City
1,095
83
167
St.
444
154
Peoria
368
259
89
481
238
Joseph 1
Wichita
1,044
—.w
1,092
Sioux
—
all
(1941
1,698
727
96
393
21,764
'r 1,570
8.499
(Continued on
(1940
;
—'—-»
—
.
53
85
City
Total
groups, or geographaccording to their location, the nature of
5,181
3,203
553
Louis
tra*' Cincinnati Northern and Evansville Indianapolis & Terre Haute.
Including Pittsburgh & Lake Erie, the result is a decrease of $2,531,775.
When the roads are arranged in
1,158
872-
358
St.
116,533
Connecting.
Barley
402
129
_
984
..
203,788
146,381
Rye
Indianapolis
150,696
V
Oats
r
228,686
Western Maryland
159,897-New
27
Dec.
Wheat
266,774
174,480 , Ga. Southern & Fla...
166,455 -i N. Y. N. H. & H
RECEIPTS
GRAIN
Ended
bbls.)
(000 Omitted)
288,376
Gulf Mobile & Ohio
we
our
Plour
Duluth
(2 rds.)
204,787
the
receipts
.
482,214
Grand Trunk Western.
i
7
Western roads (taking them collectively) had a greatly
increased grain traffic in December, 1941, as compared
with the same month in 1940.
The aggregate movement
652.378
______—....—__
..
th*
Pacific.
941
Quincy..
/.Bessemer & Lake
Erie
Its
DISTRICT
of
south
Decrease
New York Central..—*$2,650,859
...So. Pacific (2 rds.)—
732,256
Burl.
th®
to
Southern
and
line
(46 roada)...$i9.763,i95
.
Chi.
north
to
River
108,866
Total
Great
and
102,096
231,274
(2 roads): ^.^^.-158,694
section
through Peoria to St. Louin
of
usual form.
242,348
161,143
>
the
Chicago
mouth
give the details of the Western grain movement in
Southern
-ical divisions,
127,039,075 115,972,813
119,084
117,597
i
...
leased
.
3.68
Lake...
Monongahela
*These figures cover the operations of the New York Central and the
Unesr—Cleveland Cincinnati Chicago & St. Louis, Michigan Cen-
•
^
,
3?m
f
..
-
+
—
region..
...
'Ca(cai0sadlegS' ?
i.
e™™
874,443
1,842,479
region..
West,
Southwestern
corresponding
243,668
! 205,632
-
$316,368
•;
^
$456,189
$431,626
rnni (tiAt lonsl*—
:
5.17
Central
were
249,922. & Reading
Seaboard Air Line
.
%
—
2,439,375 —11.55
Northwestern
124,603
Denver & Salt
281,026
,-276,010
Pacific
Del. Lack. & Western.
Kans. City SouthernJu.
19nnft7
....
b
Louisiana & Arkansks.
-
•
.
:
.
,
-
cars,
trucks, etc.) a—;
awarded
'
.•
'
$
277,547
—
—
Southern District-
120,637
Omaha
sloS % STNortTw«t;
318,036
.
Rich. Fred. & Potomac
Illinois Central
....
r
»•
int. Great Northern—
^
580,736
454,196
420,853
month of
spok. Port. & Seattle.
Pitts. & Lake Erie
376994
ofSSiaS
,
Automobile units;;
Production
$'
Inc. ( + ) or Dec. (—)
57,125
......
Total
of
Chicago St. Paul Minn,
v
462,395
the
Alton
Pitts. & W. Va.
/"gjj-jg
St.
for
:
876,05.6
&
Texas
an
ciinchfieid
1,639,488
™__.
.
o.
is
"
December '
978,304
n.
result
net earnings
.
Louisville
1929
+25.82
1940
region.
Lakes
sippi River southj of St. Louis and
Southern
1932
+98,416,934
1941
region
England
Central
$97,069,040
7.
524,847
1,046.470
also^larger than in
1939
1940
-
+30.87
+
-Net Earnings-
.
657,102
^—7. $1,898,839
Missdwi Pacific
f
+42,939.627
381,156,620
Mileage—
Eastern District—
New
Great
150,592
Chestoeake & Ohio™
.........
:
+37.93
139,095,527
(132 rds.) 479,573,554
———
'
10,515,299
Region
Month of December
Maine Central
-Norfolk Southern
..
883,127-
Norfolk & Western.
cotton also moved in greater volume; live-
rds.)
roads).
169,200
157,912
pRINCIPAL changes in
Great
marked increase in the movement ot grains last
a
month
51,318,603
25,916,473
Western District—
Western Maryland
Minn. -& St. Louis.
increase
There
lneie
pnjgiam.
'
■
66,118,501
roads)
mouth;
.
were
urogram
(30
-
roads).
(4
reg,
182,422
Atch. Topeka & s. Fe_ 1,898,638
Pennsylvania .—1,768,647
obliged to curtail their operatidns in consideration of
the important need of cutting down the civilian use of
rwoWiaic
Total
(26
reg.
Pocahontas
Mbnongahela
cover the
union Pacific
than
companies
Southern District—|¥
Southern
southwestern
■
As noted in these
automobile
the
month
higher
+21.47
of
877,701
Including Pittsburgh
$6,982,996.•;
buildin£f
ouuumt,
aria
all
were
corresponding months of 1940.
in -the
columns-last
and
nroduction
prouueuon
automobile
automoone
mjii
...
leased lines—Cleveland Cincinnati Chicago & St. Louis, Michigan Central, Cincinnati Northern and Evansville Indianapolis & Terre Haute.
receipts and revenue freight car load-
contracts
+24.41
+36,328,380
201,402
------
Pitts. & Lake Erie.™
corresponding month in 1940, 1939, 1932 and 1929.
The various production and construction figures, with
constructioni
v+19,538,883
reg.
(51
227,794
880,005
SSs/jj;
the
fu0
the
80,464,952
169,175,046
East.
Total
N. Orl. & Northeastern
Kans. City southern™
mnn+h nf DpppmhPT, lQ41
as potritisrpd ■wri+h
the montn 01 Decemoer, iy+1, as comparea wim
f-.
ings fOl
(18 rds.)_100,003,835
roads)__™__205,503,426
Cent.
Louisiana & Arkansas.
Delaware & Hudson...
industries, together with those pertaining to grain, coti.
+18.58
and
.916,677
review, we have brought together in the subjoined table
the figure indicative of activity in the more important
ton and livestock
+13,553,334
233,858
Cen3trar^^dSJiii::
on
of the railroads during the month under
72,947,076
...
1,030,122.
o.-Tea* & Mexico
Tti ordpr tn inHipfltp in n ^imnlifipd forrri the
m order lO indicate in a simpiiiiea iorm ine
revenues
86,500,410-
Pere
Missouri-Kan.-Texas
indicated, and any such vast transformation will affect
many of the ordinary indices of business.
We turn now to the general business considerations
which underline the course of railroad earnings for last
.Z
%
+20.53
rds.)
Lakes
Reading
wnicn
t
3,236,163
(23
238,051
-
Yazoo & Miss. vai.
measure
,/•/;
Gt, Lakes region
Bessemer & Lake Erie.
1,063,063
Maine.^-JL.
pursuits into those of martial necessity. A diversion of
half the productive capacity Of the nation
into the
channels of war is said by the Administration to be
■
Inc. ( +) or Dec. (
15,763,018 •: +
240.438
st. l. Southwestern....
'
'
$
18,999,181
1,083,910
1,083,049
L-J..
improvement in carrier earnings,
Such factors, it may be added, vfill fluctuate sharply asthe
overshadowing-war requirements turn
peaceful
ATntrotYihor1
November,
Earnings-
1940
>
rds.)
1.118,083
Boston
whirh
iactors
$
(10
Illinois..
Denv- & Rio Gr, West.
•••
274,284
P!!i™
1,349,268
Norfolk & Western^..
the
to
::
v: 1941
region
292,870
—
1.340.517
n.
rds.)__
t.2
Wabash
+$11,066,262 + 9.54^
hucinpcc
Trorirtnc
so.
—_____—
...
—rrrr*
""777777^7
&
st- L _s- Fran- <2 rds.)
Chicago & North West.
25.82%
+32.94/*
333,231
Great Northern
Georgia
Del. Lack & Western..
Texas & Pacific^
rrrrz~~
GROUPS
Gross
[%)
;
316,843
1,765,134
?■ & Pac-
&
Atiantic coastLine-™
+
87,350,672
+
Eng.
BY
•
321,971
Nashville.
2,388,837
Port.
SSTSSl^^S
t
/
T~\nn
-f $98,416,934
earnings >....$127,039,075 $115,972,813
Net
•
,
New
336,262
Louisville
..Tn?} ToSoo?
^
^
.
3771829
2,355,811
_____
Pacific
Northern Pacific
-Inc. ( +) or Dec.+—)
l^40
Mileage of X32 roads
231,911 ii(00/232,492
Gross earnings ^.^.$479,573,554 ^381,156,620
Operating expenses.. 352,534,479
265,183,807
Ratio of expenses to
earnings
<73.51)
(69,57)
.
/
T
'
Region
Eastern District—
371,516
Mil-
present these figures in tabular form:
,0..
&
Month of Decernber
375,925
Seattle.
Missouri
accordingly,' Improved only to $127,039,075, as against
$115,972,813 in December, 1940, a gain of $11,066,262,
..
District
460,430
Spok.
SfiJhi'A? TPac——
now
461,781
Eigf^ Johet'&'E'astem
2.558,127
lated
We
_l_™
Wheeling & Lake Erie-
—;—_
n. y. n. h. & h._.
9.54%.
500,274
Gulf Mobile & Ohio___.
' Chesapeake & Ohio™
of sharply stimufor last December,
As previously
Western District-
503,985
Great Northern _™__v2,560,975
,
or
of
Illinois Central
T~io
•
earnings
month
Mis. & Iron Rge.
Alton
^3,155,875 "7
of materials and the greater expenses
Net
the
Lehigh Valley
Fe~
southern
of
operations.
for
increase
6,083,557
v
1941,
ir>
earnings
increase
Union Pacific
$479,573,554, against $381,156,620 in De1940, a gain of $98,416,934, or 25.82%.
Increased operating expenses absorbed almost all of this
-A™
vg
nndc
gain in gloss, owing to higher wages, increasing costs
cember
gross
..
York
New
to the end that maintenance of way can be adequate.
Gross
classification
Southern
in
^
bo. Pac.
ah
All
adequate finan-
an
changes
so"p?cVa(2iardTT""—$1S2■ Snvh
(2 rds.)
.7,073,335
Dul'h
may,
times.
below.
as
group the roads to conform with the
of the Interstate Commerce Commission.
The boundaries of the different
groups and regions are
indicated in the footnote to the table.
December
•
indeed,
by groups is
explained,'we
Southern
Return to the I A
for civilian use.
railroads of much of the traffic diverted in the
few
Our summary
of
net
net
The
suggests the care necessary
; The for-
war
portion of the gross in¬
Southern District had a net
net; the
The East¬
.
of
are
substantial
a
to
-
The experience of our first month of formal par-
translate
down
,
of troops and equipment
across the country to the Pacific
Coast, and this is refleeted in a sharper advance of earnings for the Western
part of the country than the East was able to report,
In some Eastern regions the added gross income was
not adequate to cover the higher costs of operations.
A
rapid-, movement
review
in
to the separate roads and systems, we
now
consonance with the general totals,
Gross receipts of most of the roads in our
compilation
showed gains over a year ago of $100,000 or more but
which
dous
attention
our
under
and the Western, 18.88%.
District, however, suffered a reduction
3.67%. ;
Re- 4
find the exhibits in
ever,
month
increase of 20.77%
wnnth
r,
the
SUMMARY
g
ported by major stockyard companies in each city, h New York Produce
decidedly a transition hiontn
Exchange: - k "Iron Age,'1- !-American-Iron and Steel Institute.
mNa<
for the great transportation
industry, and earnings for, - tlonal I^umber Manufacturers Association (number of reporting mills
the month are not necessarily to be regarded as uidicar' C varies in the dlff5r^;y«are> • (*, Four weeks,-. * Five weeks.
•
tive of the future.
In general, the trend was favorable,
; ; In all that has been said above we have been dealing
as to both gross and net revenues.
Some of the great
with the railroads of the country as a whole.
Turning
nobomka,.
for
ern
.
month of the preceding
same
showed
to
crease
and net earnings:; Inordinate but necessary ;, P^du^ion
%x780 858^ x344)956 ,i,i27,56i
advances of taxation will tend to offset the gains, and
^ shipments -m_-—i'/x982,6i8 *1,200,481/: *762,6507 x365,764
*968,657
wage advances will cut further into the earnings.
But
orders rec'd m™_*i,248,704 *1,098,749 - x765,i84
x406,680
x992,375
assured.
able
x4,946
r
t
_
gross
carriers
£S
'
x575
recorded
clearly manifested.
The Western District showed
a gross gain of 30.87% and the Southern
District, one of
26.27%; in the Eastern District the improvement Was
somewhat less market, amounting there to 21.47%.
Of
the three Districts, only the Southern and Western were
more
*1,556
tel
V x2,092
M
results
'
*gs
transportation requirements which -.the/iron & steel'u*v\'
formal entry into the World War occasioned.
^
(net tons)
1
our
881
-
11
97
15
118
45
9
120
25,402-
7,254
2,643
12.022
19,090
5,007
730
7,952
Daee
:
882)
JL
THE COMMERCIAL & FINANCIAL CHRONICLE
'882
Company and Issue—
Cross And Net
Earnings of United States
(Continued from page 881)
r
As to the cotton
receipts at Southern ports, we find
they were larger than in 1940 but considerably smaller
: than in 1939.
Receipts at the Southern ports in De¬
cember, 1941, aggregate 517,934 bales, in the same month
of 1940 305,420 bales, and in December, 1939, amounted
"to 966,181 bales.
In the following table we give the
details of the port movement of the staple for the past
+
.
RECEIPTS
OF
COTTON
•
\v
i
1
—
V.
Houston
.
——131,443
98,832
1,351
1,906
7,738
1,173 1
71,819
2,186
11,259
New
Orleans—203,047
Mobile
'
Savannah
vBronwsville
16~578
•
2,145
214.073
231,050
26,345
19,611
2,193
•2,844
6~069
.
5,230
80
13
!
4,978
829
1,959
26,142
2,662
—••—
29,881
9~426
1+952
4,213
3,162
3,826
2,796
~327
6,143
~477
17
881
903
...633
Wilmington
Norfolk —2,646
400
1,191
769
1,268
1,159
10,181
2,562
48
38
84
Charleston
1119992368705532440
Lake Charles
—
.•
2,131
•
Jacksonville
.
Gulfport
Total
271,407
■
'
-Gross
of
680,631
Given
Dec.
$217,724,459 $203,799,142
229,379,163
214,311,201
1911232,275,177
233,614,912
.1912
263,768,603
234,087,361
1913254,218,891
266,224,678
1914232,598,369 258,285,270
1915232,763,070
295,202,018
1916 i 262,171,169
242,064,235
1917317,836,386
343,875,052
1918
335,607,571
438,365,327
i 1919
451,991,330 440,481,121
1920.
443,124,176
539,197,615
1921527,480,047
406,864,055
1922.
424,698,143
512,433,733
1923
512,312,354
493,099,550
1924493,509,641
504,818,559
1925504,450,580
523,041,764
1926525,411,572
522,467,600
1927525,820,708
466,526,003
1928468,395,541
495,574,485
1929495,950,821
468,182,822
$13,925,317
,2h
15,067,962
+
1,339,735
+
29,681,242
12,005,787
25,686,901
+
62,438,948
+
20,106,934
'
_
-
—
_
-
dated
-
0.57
238,561
235,682
Saguenay
+ 12.68
238,072
234,146
241,180
series
Superior
«—•»
247,873
8.31
216,811
247,988
232,774
247,271
232,399
11,510,209
+
2.61
233,899
+
21.67
229,422
—120,615,992 —22.87
225,619
.235,920
3.69
236,957
236,982
18,591,184
+
+
_
.-
1937
1938.
19401941-
-
_
—
75,867,735
which
242,319
which have not yet been paid.
241,806
241,950
240.338
240,950
238,570
237,074
236,191
239,833
der
Investment
clared.
5.99
235,051
+
8.43
232,439
Year
Preceding
Abbott
—
+
2,175,077
4,448,407
+
3.29
+
+
7.83
72,932,360
+
8,769,614
•;
1.91
66,101,371
81,701,974
+12.02
$68,317,388
—
82,622,271
—
61,134,750
68,274,222
—
105,878,758
83,237,395
61,186,558
+
86,302,108
—
85,715,727
103,520,028
44,738,149
85,767,019
38,536,432
44,919,752
—
—
—
$1,302,623
13,822,245
—16.73
7,139,472
+ 73.04
v
17,804,301
+
+
;
53.33
76,738,092
2,439,152
103.482.164
17,998,730
+16.90
134,445,634
124,090,958
+
119,237,349
1344504,698
10,354,676
15,267,349
—11.35
28,169,018
—23.77
48,444,421
32,186,071
+ 53.92
90,351,147
118.520.165
89.849,024
106,315,167
138,501,238
—
+
—
105.987,347
62,187,963
62.786,896
59,129,403
114,829,753
57.116.581
85,602,788
96.209.582
115,841,994
127,039,075
25.567.92g
32,841,593
79,982,841
*53,482,600
57,861,144
58,350,192
70,445.503
—
4,372,095
1,268,259
3,837,771
7,658,607
44,536,143
57,767,247
28,486,815
10,577,633
19.692.826
11,066,262
70,293,610
114,883,828
57,115,973
85,631,949
96.149,168
115,972,813
8.34
and
*
8.17
2.19
+
,
6.58
—50.28
Power
+ 20.48
~
9.54
+
1st
6%
Co.—————
pref.
3-13
(quar.)
2-27
4-15
3-31
4-
30c
i-iAJ-teZ.
3-20
75c
—
.3-31 ":;
3-10
4-
I
4-
1
t75c
4-
1
preferred
62 '/2c
3-16
$4c
Co. of
N.
3-20
Electric
Light
5-
&
4-
"
$1 VB
1
7.
3-14
3-14
4-
(Boston)
—
30c
3-16
<:
Date
4Vi%
: '.
$4Vi
Co.,
$ 1 Vb
(quar.)
1
3-13
4-
1
3-13
'
3-10
2-28
50C
—
4-
$1+4
3-24
3-14
5c
pref.
—
4-27
4-15
15c
——
class
A
3-16
3-16
3-31
3-16
3-31
3-16
Co".,
6%
preferred
1
3-15
4-
$iya
(quar.)
10c
—————:
4-
6-30
6-15
6-30
6-15
50c
9-30
9-30
3-20
$1+4
3-
1
2-21
3-15
2-28
25c
;7
12-31
IOC
;... 4-1
pref.
(quar.)-;
3-
$iy2
x—
(Houston, Tex.)
$2V2
4-
Co.
News
7%
(irregular)
preferred
«
Co.
&
;
Rolling Mill,
iVzVc
pref.
3-10
Exolon
3-16
2-27
3-
3-14
4-
1
1
3-10
$l'/8
4-15
3-16
3-16
3-
(quar.)
3-10
Copper Mining Co.———-1_
3-10
•
25C
3-19
3-10
3-25
,
_-L_
Creek RR.
(quar.)
3-
Gair
5
2-28
3-15
2-28
50c
4-
1
3-13
$1
4-
1
3-10
'
$$2
$6
V
6%
Bohn Aluminum
&
•'
preferred
3-10
4-
1
3-25
4-
1
3-25
4-
1
3-25
3-
5
Co.
A.)
(Robert)
Co.,
Co.,
&
conv.
(Julius)
convertible
Corp.
Gemmer Mfg.
&
3-13
General
General
3-
9
3-
5
3-23
3-
2
3-23
3-
2
$1
3-16
4-18
3-31
3-31
4-18
$25c
.■■-■'v
"
1
4-
$25c
7+4-
1
4-
■■
1
30c
3-18
3-17
■
3-
6
(quar.)—com.
(quar.)
$iy2
3-16
3-
6
i7y2c
3-31
3-14
(quar.)———
37'/2c
3-31
3-14
!!
10c
3-20
3-
(quar.)
75c
4-
1
3-16
40c
3-26
3-16
$1
—
preferred
Box Co.
3-
1
3-16
$25c
(quar.)
(irregular)—-—;
Co., $3 partic. pref. A
1
2-24
3-2
t$l+4
pref.—
pref. (quar.)
preferred——
(irregular)-
Co.,
3-20
1
$25c
conv.
preferred
6
4-
4-
6%
common
convertible
3
3-
50c
—
4%
Co.,
3-
3-14
Ltd.—
;
(Canada)
3-16
t$l+4
——
$7
3-16
62'/a C
—.
(quar.)————
!
Corp.,
2-18
Fi'-e
4-
$iy< !-.'.4-
&. Sharpe
Mfg.
3-
V
common
—
(quarterly increased).
Extinguisher Co. (irregular) —
General Mills, Inc., 5% pref. (quar.)_—_
General Theatres Equipment Corp. ——
9
3-10
1
7
3-
2
3-16
4-1
5d
-"•3-31
-
$1+2
3-10
;
3-16
3-
Non-cumulative
2
;
(quar.)_2—
2-28
3-10
$1+2
2- 5
3- 9
Bruck Silk""Mills, Ltd.. (resumed)———2', ...,$10c
3>25c !! 3-}3
Budd Wheel Co, (irregular)!-—-—J——;3*
Buffalo, Niagark Ar Eastern Power. Co.—
4-15
$iyf. :5- 1
$5 preferred (quar.)
4- 1"'
3-14
40C
6.4% preferred (quar.)
3-10
;:3-20Burd Piston Ring (quar.)——
■•'•
4-1
3-17
.15 c
^ Burlington Steel Co. (quar.)_i2!——_—
3-10
3-20
75C"
California Ink (quar.)
2-20
16C
:•/ 2-10
Callaway Mills (irregular) J—
—
2
■
f
■
(s-aL--——
-
^
--
'
3-14
4-1
3-23'
-
.
•
2-28
^3-20.
/
3-14
'
3-14
'
f
;
2-28
2-28
3-9
1
3-20
4-
•
'■ ■:
4-15
3-31
25c
common—!!!!-—'!'-
-
pjef. (quar.).:
-•
Co.————a-!Hall Printing Cd. (quar.)————
Hamilton Cotton Co., Ltd.—
v
:
Hall (C;
v
'
■
Gulf Power Co., $6
3-HO
,
(quar.)!_
1
preferred (quar. K.!_!!—— _—
Greert (Daniel) Co.; 6 % pref. (quar.) ——
Greene Cananea Copper Co;- •!-!—-!i—!
Greening (B.)
Wire Co., Ltd. (quar.)—_
Gulf Oil Corp.
(quar.)———————
Spccifll
A
i
t
t
,_j*—
^1
-
$1
—
t$ 1 'A
•
s
;
3-12
3-
5c
3-30
3- 9
3. 2 r
2-13
15c
'■'
M.) -Lamp
■
•
5S •--3-
2
4-
2
$1%
,
4-
2-13
2
50c
2
■
•
7%
•
125C
Campbell. Wyant & Cannon Fdy, Co.' (irreg.).
;ft$i-y*
Canada Cement Co., Ltd^ 6 V2 % pfd. (accum.)
I Canada Malting Co., Ltd.-*- •
t50c
Registered shares (quar.) ___——i._—_
$50C
Bearer shares (quar.)
.1——
2-27
3-10*
3-16
67c
■
——
Cambria Iron Co,
1
25c
(quar.)-i.——a—
Consolidated Mining, Smelting &
Power Co., Ltd, Iquar.)—————r__—
Special
——-———
Great Western Sugar,
"
'
3-10
$iy4 7-4! 1
Granby
.
*
17
3-14
25c
V
Goebel Brewing Co.
y"
-
preference
Globe Steel Tubes Co.
2-28
4-
lV?.c
...
General Paint Corp., $2.67 pref. (quar.) —
General Trust Co. of Canada (Montreal) —
;
$$iyz
.
•
tisoo
$1258
T/o
Co.,
of Canada,
3-13
3-16
40c
Brager-Eisenberg, Inc. (quar.)
Brazilian.Traction Light & Power Co, Ltd.—
Qfy preferred
(quar.)—2—
British-American Tobacco, Ltd. (interim)_-_
Brown
497
692
8
3-31
10c
—
——.
B
6
3-
25c
(quar.) ————————
(Geo.
Class
3-
1
20c
•
50 C
Brass—
(quar.)_——Boston Elevated Rw (quar.)—-
Bond Stores, Inc.
:
497
691
&
2
*
Aroostook Vallev RR. 1st & ref.
B
Garrett
-
5
1
4-
.7
2-
4-
+
t35c
——
——
3-31
3-
40C
2-19
2-14
25c
t30c
————
Stores
Wheeler
Garfinckel
3-23
4-15
87Vic
2-26
.
593
497
Co.
Co.
(quar.)
Gamewell
2-18
$1
■
3-14
—
—
Extra
2-28
'
A
Foundation
Fuller
$i2.yac
—_L
3-14
1
—
Battery
(John J.)
3-10
*
20C
Co.
1
25c
National
3-10
t35C
Mfg.,
3-9
4-
iquar.)—
First
3-11
——-1-;,
Corp.
Angeles)
(Los
——..!:
Motor
/Class
3-14
2-28
3-31;
4-
Co.
Foster
3-14
1-+
3-10
t75C
—
Truck
;
i2yac
Mining
4-
5
$iye
——
!-—
Corp.
J-'
-■
1
Copper
(quar.)
(irregular)
Plantation
Class
17+
$5c
Light Corp., $6 pref—
Storage
2-16
25c
$6
&
Ford Motor Co.
_
3-23
(quar.)
Bell Telephone of Canada (quar.)—
!;• Birmingham Gas. $3.50 prior pref. (quar.)L_
Black & Decker Mfg. Co. (quar.)—
497
Allied Owners Corp, 1st lien cum.
inc,Jbonds, Hue 1958—Mar 13
4Vis, due 1961:
i
^_Mar 13
gold notes of 1930_JMar
1
Autocar first mortgage 7s, due' 1947
May
1
-
4-
3-20
Associates—
Fuel
Foote-Burt Co.
50c
pref.
4-1
Federal-Mogul
2
•
1946—Mar 1
1968—-Mar 10 *
1956
-May 1
1951____Jua
1 '•
.
$iy2
6%
75c
$1%
(quar.t
Ltd.- (irregular)—
preferred
Felin
3-10
(quar.)—
Co.,
common—^————
Federal
.
3-14
4-
.4-1
25c
!.
!
4
t62y2c
—
2-28
$iy2
50c
—>.1:
4-
J':
—
$1+8
3-24
t75c
(quar.)
3-16
75c
(quar.)___
com.
SI+4
75C
25c
preferred
3-
Mfg.
preferred
Ewa
30C
5
$6
3-16
—
3-16
1
4-1571
Ltd.
Co.,
Engineers Public Service $5 pref. (quar.) —
$5.50
preferred
(quar.)——————
3-31
———
1
4-
—
50c
3-
—
(bi-monthly)
Co. (quar.)——
Light Co., $6 pref
Optical
Power
(irregular)
4-
$$1+4
—
(quar.)
iquar.)—.—
t$l+4
_
Page
'
3-16
2
$$l'/4
(quar.)
'
1
7
$$13'4
&
Power
2-25
3-
^
(quar.)—U__————
preferred
3-15
—
3-10
—
iquar.)——
Mines,
prior
Electric
—
—
2
r 7
"
2-11
3-
4-
—
$7
2-25
15c
$$l'-4
Liquidating
Elastic-Stop Nut
3-17
2
Gas
Electric
2
25c
quar.)
'
&
preferred
846 South Broadway Co.
12-15
2-28
3-
1
6%
12-15
12-31
Eastern
3-15
4-
Electric
Malartic
2
1
$25c
Textile
preferred
4V2'w
::: 9-15
$1+4
:
•;
9-15
$1+4
—
-East
7
3-
4-
25c
(initial
3-
3-16
12yac
(irregular)—
Power Co.,
T/c
3-15
50C
preferred
6
$l'/2
(initial)-
com.
preferred (quar.):
Corp. iquar.)-—---!!——
Duncan
3-15
3-31
Co.
preferred
Duke
1
3-31
Corp.,
•3-
3-21
25c
Manufacturing—,—
Foundries
Dominion
3-17
3-6
$3
$25c
(quar.)— „
Steel, Ltd.
Dominion Glass Co., Ltd., common
3-25
>
1
4-15
$3Vi
preferred——
6%
Ltd.,
convertible
Draper
2
/ 5- 1
—————
Dominion
6
$1+4
_
$1.40 conv. pref.
iquar.)——J—
Balfour Building, v. t. c. ——1—.
Barber-Ellis Co. of Canada, Ltd. (irreg.)—
•
—__Afar-19
3-
V
B
Dobeckmun
'
3-
$l7/8
-————
Frere,
Stores
T/i,
-
3-14
1
Corp.—
Long
7%
6
3-27
:;7-4-.I'7+
90c
•
———
Rubber
Class
7
4
Power
Hook & Eye (quar.)———
Dempster. Mill Mfg., 5% preferred (quar.i,
Dewey & Almy Chemical commons
5
I"
•
refunding mortgage
due
<fuef
First mtge. lien & refunding 5% bonds, due
First mtge. lien & refunding 5% bonds, due
3-
7;
4
3-
'
1
$m
$1
Electric
Dcjay Stores, Inc.
3-21
1
4-
—
Steamship
Meter
Beech
3-
3-31
4-
33-
■
Y;—
(quar.)—
Davidson-Boutell
3-20
3-13
3-16
Extra
6%
3-10*
25c
(quar.)——
Packing
&
Diana
'■■"7 3-10*
75c
11.08 »/4
—————
preferred
( Dayton
r
3-10
3-31
1.06'/4
(quar.)_
$15c
Cudahy
.
3-20
1
35c
(quar.)
C
;; Crown Drug Co.
;
3-20
1
3-16
1—
common
Laundries
$5 preferred
David
4-
■;fv: 5c
(quar.)
Corp.
t Crowell-Collier Publishing Co. (quar.t—-
•
3-14
7
$10c
v
——
(quar.)——
preferred
T/o
3-21
3-25 71
Ltd.
Edison
Cornell-Dubilier
;
3-31
3-25
Corp.—
Southern, $6
Gas,
3-20
75c
$1»4
pref.
3-21
3-16 7,
'vv,
7oc
+
(interim)
Ltd., 8%
3-14
7
1
3-31
30c
—_
3-14
;;V
3-31
4-
43+4 c
(quar.)
3-14
3-10
1,
4-
$1
30c
Trust, com. (quar.)
preferred (quar.)-!——-
Mines,
preferred
25c
American
Asbestos
'
due- 1967;.--——-—:-i—
'''"I $1
—
(quar.)—-——
Consumers Power Co.,
1
50C
—
American
Andes
4-
50c
Locomotive
Atlas Press
-
Atlas Imperial Diesel Engine Co. 6%
—
tquar.) ——
preferred B (quar,)
$7V2
3-16
-
4-
•
...
&
3-21
(Bait.)—
' 4Vi%
;
3-16
$1%
—
—
Arnold Constable
stocks called
Co.
Co.
of Rec.
t$l
-
Anaconda
under
First mtge. 30*-year5% bonds, series A,
First- & refunding mortgage 5% bonds,
(Toronto)
iCommon
Holders
4-20
(quar.)
American Tobacco
12.35
list of corporate bonds, notes,
Company and Issue—
&
preferred
.
de¬
3-16
.3-20
(quar.)
com.
—
American Sumatra Tobacco
+ 49.88
+
(quar.)
Hawaiian
$5
and the page number gives the location in which
were given in the "Chronicle." "
v
v
bonds,
,
in
$l'/4
preferred (quar.)
Amalgamated Sugar (quar.)_
American Druggist Fire Ins. CO/ (Cincin.)r-'
American
the details
Alabama
$5
•
v
15c
„
American
+ 63.36
for redemption, including
sinking fund provisions. 'The date
indicates the redemption or last date for making tend¬
ers,
table
$lVi
———
preferred (quar.)
American
-
+12.20
Notices
called
;-;$i704
prior to
4-1
$3
(resumed)— rL_
1_
preferred (quar.)——
Common (quar.)
1'/, preferred (quar.)
American
■
preferred
3-30
Investment
Consolidated
;
4-15
35c
iquar.)—„ ;
Manufacturers, Inc.,
American
—41.06
Redemption Calls and Sinking Fund
those
3-30
,: 75c
(quar.)—
preferred
convertible
Coniaurum
56
270
3-31
■
$l»/4
-
*
a
2-27
$4c
G'ompo Shoe Machinery, com. v. t. c. (quar.)
$2.50 convertible preferred (quar.)—'
V. 1Jl:
1
3-31
37 Vie
!
Beech-Nut Packing
Below will be found
•
Payable
$1
.
Quarterly
—24.12
+
Dye
American General Ins. Co.
—23.24
+
&
American Felt Co.,
Chicago & Alton in its return for 1931 included in expenses
$6,453,714 for dismantled equipment. In its return for 1932, in giving
comparative figure? for 1931, this item has been omitted from the
expenses of the latter year.
This will explain the wide difference in
-
Commonwealth
'
When
■
10c
—
1rU
Annual
♦The
totals in the respective comparisons.
A_
7%
2.24
*
138.293,445
(quar.)
Allied Stores Corp., common
Common
+ 45.88
—
Chemical
Common
:
36.80
124,480,894
1931
542
■'
Lumber
convertible
,4'/4%
^
40 c
—"
Supply Mfg., class A (quar.)——„
Aetna Ball Bearing Mfg. Co. (quar.i^s—L_
Aetna Standard Engineering, 5Vc pfd. (quar.)
Alabama & Vicksburg Ry. Co. (a-a)
7%
—14.21
108,687,310
44,250,090
preferred
Aluminum
—47.84
6,383,320
13.804.825
23,599,098
35,204,666
57,854,695
Per
.
—
—
—17.20
41,028,870
37,517,854
*47,141,248
pref.
preferred
prior
Commercial
•
1
3-17
3-14
$13
(quai*.)!2v-!-——
Aircraft Products (initial)
508
.
3-17
63
(reduced)—
Commercial Credit Co.,
830
v
3-17
1
'7%vPreferred-+quar.)
•V;
De
(quar.)
5% preferred (quar.)
—+
Altorfer Brothers, $3 conv. pref.
.
3.55
—
106,248,158
—
698
,508
k
1
1
'
share.
common
Extra
Allied
—10.46
44,692,200
3,064,713
51,322,679
67,849,188
111,942,758
-
*$1.20
Department" in the week when
Aero
56,776,970
80,419,419
3-17
4-
(quar.i_.
:
Commercial Banking
•
of Company
Laboratories
4V2%
Decr«»c<i r—)
68,276,448
-
6%
Shaft
&
Consolidated
+
Name
Per
Increase (+) or
61,225,377
—
3-31
i
4-
_
Ltd.
Mines,
Commercial Alcohols,
829
previously announced, but
Further details and record
233,843
Earnings-
Given
1917
6
3-12
'
Year
1918—
4
3-
1
4-
v
preferred
Columbia
.$15^9
-
>•
Mill
Consolidated
The dividends announced this week are:
232,492
68,800,026
News
I,':: 3-
;'V
4-
tquar.)
Peaoody & Co. common
7f/c
698
:
233,162
231,911
!'
-
Cluett,
I
second
1
3-11
—
—
Flexible
Chicago
i
a
4-
$1+4
———————
Quarterly
•
235,431
+
Goid
;:Ci0rox Chemical Co.
dividend payments in many cases are given un¬
the company name in our "General Corporation and
237,288
+ 25.82
1916—
the
show the dividends
we
238,436
+10.61
-
507
,0'^ 829
of past
235,052
Mining
Gnioago Rahway Equipment, $7
Climax
Molybdenum Co
604
154.
follow with
we
242,592
71,666,679 —19.29
$67,014,765
Then
240,773
•
1939—
we
242,677
+ 25.65
•
Chicago
•
grouped in two separate tables.
In the
bring together all the dividends announced the
current week.
98,416,934
-
'•••'
506
1
time
2-12
'
50C
Cnartered Trust 61 Executor Co.
are
242,639
+15.04
-Net
-
639
-
Dividends
first
381,156,620
1909
tin Vol.
2-16
1
.
50c
(quar.)-———!—!!
Central Steel & Wire,
-
DIVIDENDS
239,286
344,463,789
1910-
.Extra-
c.<
Quarterly
237,711
233,889
233,169
December
1942.
6
3-
$174
(quar.)
Consolidated Investment Trust
235,875
17,968,050
26,789,870
36,547,378
Month of
1,
241,864
42,454,535 —14.73
2,297,276 + 0.93
12,107,100 + 4.94
38,679,418
317,740,628
479,573,554
-
238,552
240.337
89,259,333 —23.65
245,760,336
245,092,327
257,201,455
295,805,392
371,494,494
299,827,816
317,795,866
344,530,498
381,011,167
_
1939-
468,694,537
248,057,612
257,199,427
295,880,873
371,673,127
299,827,815
.-
1935
—
—
_
1933
Patiic.a
4%
237,373
+
._
and including March
236,057
2,943,972 + 0.56
59,294,705 —11.28
27,178,944 + 5.80
5.60
27,767,999
91,220,835 —19.46
+
—
377,499,123
288,205,766
Ce.itral
.
*
1
& Light Co. first consolidated
gold bonds, due 1944in this issue.
fRedeemable at any
235,555
2.29
235,379
236,196
11,308,918
288,239,790
245,751,231
505
Eureka
Traction
Haute
mortgage 5%
•Announcements
$4c
:
1—__
common——
of America,
Central
$752
1
:
3-
2-16
'
—
(quar.)!
second preferred-(quar,)—
T/o
'
-"
—_u_„__Apr
5Vis, due 1948—Jly
Co. first consolidated
-
3-14
i:77 3-14
4-
$38c
(quar.)—______
(interim 1
pref.
3-15
-
3-26
—
—
priof prexeri-ed (quar.)__—:
.236,121
3.75
87,735,590
+
377,473,702
1936'
(quar.)
preierence
Quartz Mining
Corp.
$4.25
bonds,
.
'
prior preferred
mortgage 5%
mtge.
1
T/o
224,784
+ 20.66
+
19,212,804
-
1,
1st
1 ;
4-
$2c
-6%
228,134
—
_
Terre
.233.814
96,073,439
dated April
B,
Ltd.,
4-
::: $$2
(quar.)
;
-
Water, Light & Power
mortgage gold bonds, due 1965——1—May
215,669
8.19
30.62
_
1936
243,242
248,437
+
-
1934
246,807
+
-
1932
9.94
+
.
1931
243,322
26.82
—
+
4.51'
Co.,
$$2
(quar.)
Ltd.
Ltd.
i
827
2
———_Mar
Power
Co.,
Mines,
602
%•
Smith & Wesson, Inc., 1st mortgage
+
1st
1951
due
Ltd.—
504
Corp.-Baitimore Parcel Post Station
' V'. '
leasehold mortgage 5^2 % bonds, due 1949—x_-__-—Mar
1
Reliance Mfg. Co. of Illinois preferred stock.:
.—Apr;- J.:
Richfield Oil Corp. 4% debenues, due 1952——i.—-_Mar 15
Richmond Term. Ry. 1st mtge. 3%% bonds, due 1965—Mar
1
bonds,
3-28
.
$50c
Gold
Leiane^e
Postal Service Bldg.
Rochester & Lake Ontario Water Co.
Gold
Carpenter Steel Co.
(J. I.) Co., T/c
"
gage (non-callable) 6% bonds, due 1943-—' t
Philadelphia & Reading RR. 4 y4 'ir bonds, due 1943——Apr ''1
225,666
3-17
4-30
(quar.)— __—
(quar,)——.2—;
convertible
Cariooo
363
1
1936
—————Mar
Peoples Gas Light & Coke Co. first consolidated mort-:
Preced'g
3-31
class'
-
$1.50
-
1,
225,177
—
-
Jan.
3-17
$$1.15
$50c
.
'
due 1952—-i—Apr
1
1942-^„,_jii_.______„Mar 15
sinking fund bonds
3-17
3-31
———————
Co., Ltd.
.Case
1st mtge, 5s,
229,369
+
-
sinking fund " r
5% bonds, due 1952———JMar
Power Co.
3-17
$$1+4
Lite Insurance Co. (Denver) (s-a)
Capital Wire Cloth & Mfg. Co., Ltd.—
>.
;
1
Ry. 1st & ref. 7s, due
3-2Q
3-31
; Capital
.
Co. first mortgage
228,687.
.
+
.*
.
26
& Water
7.03
+
26,038,666
+
due
——C——-1—__Feb
1942
due
Penn Mercantile Properties secured
Year
+102,757,756
_
w
1930.
;
—
-
mtge. 4yas,
gen.
6.83
+
+
-
Given
cent
Dec. (-
Preceding
1909
.1910,
6%
826
>.
609,986
r
Year
Per
Inc. (+) or
f.
1950__Mar 19
tures,
-Mileage
Earnings-
Year
Year
mortgage s.
—;
-v-$1.50
-
503
1
503
Ozark Power
country for each year back to and including 1909:
Month
1955—-Mar
Niagara Falls Power Co. 1st & ref. mtge. 3Y2S of. 1936--Mar
Finally, we, add a summary of j the December com¬
parisons of the gross and net earnings of the railroads of
the
Paper Co. refunding
due 1955—
due
4-10
.3-31 '
$25C
Canadian Wlrebound Boxes, Ltd.—
826
Parr Shoals
966,181
1961______iuar24
series A,
Paulista
305,420
517,934
—
4Vas, due
1st mortgage bonds,
;s
3-16
! 3-14
$25c
—r—_—
Malartic
Canaaian
*
Mar--1
1,548
4~662
529
.
63
Inc.,
626
$44c
c:
Canadian, General Electric
•
600
3-31
1
.
(quar.)
preferred
.8%
1
4-
(quar.)_—_
com.
Canadian Foreign Investment Corp.,
Jackson
150,309
2,284
-
;
80,285
4,033
2
_—
!
1st
Ltd.—
3-31
4-1
•.
$$2
(quar.)
of Rec„
4-15
■
•••$$!•
•
■Holder*
4-25
l__„—
Ltd.,
Canadian Converters
$1377
$$1%
(accum.)
Participating
599
6%
debentures, series A—1'
Michigan Tneatre Bldg. bonds!!____Awr 20
Kentucky Power & Light Co. first mortgage 5 Vis, series
\ :
B, due 1948-———
——i——Mar 1
Lincoln Mortgage Co. 10-year 5% debs., due 1948—
Marr 1
Louisville Ry. 4l/a% bonds, due Aug. 1, 1942———Mar+ 1
May McEwen Kaiser Co. $4 preference stock--Mar + 1
Mississippi Power Co. 5% bonds, due 1955—:
..—Mar
1
National Distillers Products Corp. 10-year 3V£% debs.„Mar
1
National Power & Light Co, 5'+ debs., ser. B, due 2030-Mai 23
National Supply Co. 1st mortgage 3%?, I954i_i_^—__Mar
9
Naval Stores Holding Co., Inc., 6Vfe%
income deben-
1936
184,741
197,599
110
Co.
Foundry CO.,
6c
Extra *
T/o preferred
•
59.9
5s, due 1930—--Mar 11
1st mtge.
car
7%. preierred
-v.
*;v
,
'
4,560
420,485
617
4,073
—
Pensacola
International
bonds,
196,169
85,679
88,851
229,189
Corp. Christi etc
Beaumont
•
Power Co.
Iowa Southern Utilities Co.
,/ 1937
1938
1939
246,955
96,528
161,619
__
collateral
oanaaian
<
1,
(P. H.) Glatfelter Co. 1st mortgage 4yas, 8. f. bonds--—Mar
Great Northern
Month of December
1940
1941
Ports
Galveston
Corp.
Mortgage Corp.
Canadian Celanese,
i941^tCL—---ilifari? V
trust 6s, due ,i951~Mar :1
Mar.
Pacaers,
^Canada Permanent
i
•
Cudahy Packing Co. 1st morcgage 3%S, due 1955——J.viar
1
Federal Light & Traction Co. bio bonds, due 1954—-Jun * 1
Gary Electric & Gas Co, 1st lien 5s, due 1944__—24
:l General American Investors Co., Inc., $6 preC, stock—Mar 31
DECEMBER
IN
dated
636
$15c
!
(quar.)
When *
Payable
shtfre
com.
(quarv)_L-_—
Led. (quarj1-———!!_!_!_
preierred
v/v
Canada
48.
;
1936 TO 1941, INCLUSIVE
—;
■
bonds
Consolidated Title
Hotel Syracuse,
PORTS
>
*
••
694
ser.al
Gulf States Steel
SOUTHERN
AT
FOR SIX YEARS,
1
bonds, due ly45l_.—frwr
Community Public Service Co. 1st mtge. 4s, due' 1964—Mar
Congregation of St. Anthony of Padua Roman 'CatrioLc
v
Church
+gv.
: '■
1
;
539
.
'
six years:
11590
Name of Company '
:
Northern Power Corp.,
Canada
539
1st mortgage 5%
^
Per
j;
498
'■■■■
Burlington Mills Corp. $2,75 preierred stocx^—i: 2
Central of Georgia Ry. equip, trust ctfs.; series -Si-—Apr ;■
Chicago Union Station Co. 4% gtd. bonds, due'1944—Apr
1
•
Mondayj March52; 1942
jiDate,
(Bv Fi) Avery fe Sons Co.' 5% notes, due; 1947————Apr' i
Bau-ich Machine Tool Co. 8% bonds of 1921—____
_Aiar
1'
Cleveland Ry.
Railroads For The Month Of December
-
+
i
^
3-1.4
3-14
s
3-
V." 75c
4-
>
25c
25c
3-
1
.4-.1
$ty3
20c
1
4-
25C
y.
2
3-lff
r
3-16
3-20
,
3-
6
3-20
3-
6
4-1
3-14
+3-1(5
-
3-16
9
4-1
$15c
3-16
,
$1+2 ..,.••4- 1-
-
.
4
$2 preferred
(accum.)
—li.—_——!---
4$2+2
•
•
Volume
...
155
Number 4051
V
,
.
THE COMMERCIAL & FINANCIAL CHRONICLE
.......
...
.(
V-.;. ;
,
...
.
883
..
....
•
•;.•
-.■■■..■
-;•'
.
*"
Name of
Hamilton
■
7 7%
United
Per
■
Company
Ltd.— 7';."
Theatres,
preferred
(accumulated)
Steel Corp.
Harrisburg
Hawaiian
Commercial &
Quarterly
zi
Hein-Werner
Helme
77%
•
•
:____
Hooven
(A.)
40c
3-26
3-12
___'
50c
$1
&
Allison
Hoover Ball
Hoskins
pref.
& Bearing Co.
(quar.)
3-26
3-31^
40c
3-20
3-10.
4-1
3-14'
3-10
2-25
$2
3-31
3-20
$1 V«,:'
10-
.....
(Chicago)
'..
com
,
.
.
& Co. (quar.)
Laughlin Steel, common 7
preferred class A (quar)_____
5% preferred class B (quar.)
1
3-16'
;
3-15
3-
:7"
5
Preston
6-5.
6-15
6-
3-24
::3-
4-
1
1.3-16*
3-10
2-28*
9/
Publication
6
3-
1
3-
4-
1
3-
6
V
;
.
4-
1
3-14
Reliance
4-
3-10
3-16:
25c
4-
yi 3-20 7
4-
1
1
5(4%
4-1
3-16.
62(4c
4-
1
3-16
$1(4
4-
1
3-2U
334c
3-31
7%
3-16:
preferred
class
70c
Leonard
A
(quar.)
(quar.)
com.
(quar.)
Lily-Tulip
lirregular)
(increased quar.)_;
Corp
Lone
Star
Macassa
(quar.)
Cement
Steel
...;7
3-25
•
3-
San
27
3-16
3-
3-24
50c
,17(4c
_
;
3-
2:
San
3-31
3-11
3-16
2-28
15c
3-14
3-31
3-20
$134
3-31
Mangel Stores,
preferred
$5
Mastic
Asphalt
Mathieson
Mfg.
Corp.
(quar.)
Works,
(quar.)
j 7
% preferred
McCrory Stores Corp.
'5(4%
preferred
3-31
1
3-17
3-20
3-
Southern
3-15
' 30c
2-16
3-20
3-
$1.31(4
'
Co.
(Denver)
25c
$1
(quar.)
Modern
Collet &
Modine
Manufacturing
Motor Finance,
Machine
$5
Mutual Chemical
pref.
(quar.)__
(quar.)
Lead
Co.,
B
National
Refining,
National Standard
National Steel Car
National
Steel
& Steel
$6
Co.
3-20
4-
1
3-14,
3-20
3-10
Toronto
tic
(s-a)
preferred
Twist
12-28
12-17
3-27
3-16
4-
1
3-21,
4-
1
3-11
Finance Corp., cl. A
1
3-11
3-31
4-15
3-14
2-27,
3-23
3-
9
1
3-
7
3-10
•3-
2.
3-10
3-
3-31
5-
4-
15c
+75c
3-
6
2-28
t87 (4c
3-
6
15c
ti.
$1(4
$1(4
20c
__
■>/-
(quar.)
(quar.)—
7% preferred (quar.)—
—/••
Northwest Publications, 7% 1st pref. (quar.)
,6% 2nd preferred (quar.)
No-Sag Spring (irregular)—
;
Oakland Title Ins. & Guaranty Co. (quar.)__
Ohio Associated Telephone, 6% pref. (quar.)
Ohio Edison Co., $5 pref. (quar.)
.
$6 preferred (quar.)——
—
—-$6.60 preferred (quar,)
$7 preferred (quar.)—
_—
$7.20 preferred (quar.)
Ohio Finance Co., common (quar.)—
5% prior preferred (quar.)
6% preferred (quar.)—
—~
Ohio Oil Co., 6% preferred (quar.)~. ——
.
3-13
,3-20
2-28
3-26
33-
•
1
1
3-20
3-
1
2-25
3-
1
2-25
3-13
3-
2-25
2-20,
3-
2
5
4-
1
3-14
Arizona
4-
1
3-11
4-
"4,-
1
4-
3-
•
1
95c
1
7'
3-12
3-19
,
3-
9
Art
2
Asbestos Corp.,
3-10
3-
3-20
3-16
3-
3
3-16
33-
Extra
5%
2
3-31
Metal
3-18
3-16
1
7%
Works
preferred
Oil
Ltd. (quar.)
Refining,
preferred
(quar.)
$2.50
prior
7
Atlantic
4-
1
3-
7
Atlas
t50c
3-16
3-
5
6%
3-
2
2-20'
Atlas
4-
1
3-20
3-20
3-
9
3-20
3-
2
4-
1
3-20
3-27
3-18
3-
Refining Co.
preferred
Powder
4%
Automotive
Avondale
$1V4
3-31
3-16
Works, 7% pref. (quar.)
Bangor Hydro-Elec., 7% pref. (quar.)
6%
preferred
(quar.)
Mills,
common—
6%
$iy2
4-30
t$174
,
(quar.) ;"!■!
3-10
CO
4C
Per
(quar.)
——
2-27
4-
1
3-21
3-
3
2-14
3-
2
2-20
3-
1
7 2-15
;
:
4-
1
$1.05
3-
2
$1%
4-
National
When
Share
3-
2-14
Corp.,
6V4c
3-31
3- 5
7VoC
3-31
3-
50c
2-28
2-20
3-
2-14
(quar.)—
i 30c
3-
2
2-13
15r
Co.,
A
3-
9
2-16
tOSr
3-
2
2-13
Bearings
Gold
Beattie
Beau
Co.
of
Ties,
convertible
'Manufacturing
2-18
Reiding
Hemingway
Belknap
Hardware
2-16
Belmont
Radio
4-
3-18
Bendix
3-20
.;
-vBerens
Corp.
Aviation
Beneficial Loan
River
&
3- 2
t$3V2
3-
3
2-26
3-20
3- 4
3-
2
2-11
25C
3-
1
37»Ac
3-
1
2-16
35c
(irreg.)—;—___
(quar.)_
(irregular)
common
—
—
(quar.)_.—
3-
2
2-17
/■V"'/
m
3-14
2
2-14
20c
(quar.)—______——
3-
3
2-
3-
2
2-17
15C
4
10c
(quar.)
(interim)
—
3-16
3-
2
3-
(Del.)
Ltd.
3-14
1
3-
Corp—
Mines
1
4-
m
25c
Co.
(quar.)
Mfg. Co.!
Society
4-
2-16
$$134
.—
________
3-14
2-28
5
+4e
preferred—
3-
(quar.)
Co.
Ltd.,
preferred (quar.)
3-15
V2
Inc
preferred
3-12
:
2
10e
7% /lst
Extra
Y.)
iti
(quar.)—
Inc., common
Belding-Corticelli,
7%
pref.
Ltd.
Mines,
Brummell
Beaunit Mills.
37%c
Amer.,
3- 2
.
class A
~
3-28
4-1,
5
(Mont.)
(interim)
Bayuk Cigars, Inc.
Beacon Mfg. Co., 6%
$1
1
3-10
(s-a)
common
(N. J.)
Co
20c
f 75c
3-16
Bat.hurst Power & Paper Co.. Ltd.—
of Reo
•
1-31
4-
+$:> v2
Nationale
t40c
*$1%
43-
$$3
t!C2
Holders
Pai/ble
3-15
2-14
3-10
$$2
(quar.)
& Seelig Mfg.
Oil
2-20
$1V2
(quar)
(quar.)
Investing
Canadienne
Barlow
2-24
•
Belden
V
2-20
3-10
(quar.)
Scotia
preferred
$1.50
N.
2
4-15
3-20
give the dividends announced in previous
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being given in the
preceding table.
r-
(Watertown,
3-
70
Toronto
of
Bankers
we
Co.
2-20
3-12
Common
Baldwin Locomotive
Class
Ins.
3-16
7c
3-14
2-20
Barnsdall
•
4-24
415/4c
2
_
Agricultural
1
2-20
~
4-1
Banque
3-10
3-13
5-
25c
3-
2-19
3-10
1
62 %c
(quar.)
preferred
convertible
$1.65
2
1
2
4-
$4C
3-
1
3,
50c
Inc.—
$1.1874
4-
12-31
Ltd.
Gear Works,
Bankers National Life Inc. Co.
4-
3- 2
$1
$4'/a
$l»/a
Corp.—
(initial)
preferred
Aunor Gold Mines.
2-20
$1(4
$1(4
$1(4
2-13
2-13
Co
2-19
(s-a)
3-13
2
2
25c
Electric Power, common (quar.)__
4%% preferred (auar.)
6% preferred (1897) (quar.)
Wood (Alan) Steel Co., 7%
preferred——
(quar.)
3-14
3-
75C
3-10
Co.
1
3-
common
2
(quar.)
1
3-
$1 Vi
(quar.)
2
Manufacturing
3-
3- 9
75c
Corporation,
3-
Co.
3-31
3-31
3-31
t$5V4
(quar.)—
(quar.)
3-
D.)
3-14
10c
f 20c
:
2
2-20
Auburn Central Mfg.
$iy2
'
9
3-
2
3-21
15c
2-
3-
$15c
prefprence
3-20
(J.
2-13
2
3-16
Rayon Corp.—
35c
Steel
2
3-
$1V4
t50c
of Company
3-
$15C
Line Ry. (s-a).
preferred (quar.)—
6%
2-14
2-20
2-18
—
—„
Air
Light,
2
3
2
$1%
6% first pref. (quar.)
preferred
Atchison, Topeka & Santa Fe Ry. Co.—
Common
(year-end)
Charlotte
3-
3-
$1
second
7%
17 Vic
Acme
6-20
6-20
3-
—
$4. convertible pref.
7%. preferred (quar.)
Agnew-Surpass Shoe Stores, Ltd., com.
7%
preferred
(quar.)
6
25c
Associated Dry Goods,
2
tl5C
(quar.)
common
Bank
Adams
7-
7- 6
$4.32
—
&
3-10
3-10
2-14
:
3-17
3-14
2-28
2-14
3-2
(quar.)_
(quar.)_^
25c
3-14
3-14
3- 2
75c
(quar.)—
$2%
—
1
2-10
50c
Nova
1
3-16
2-10
3
t75c
Montreal
1
3- 5*
3
40C
•
____
Ashland
3
3-16
Corp.,
75c
4-
7
3-
10c
preferred (irreg.)
Armstrong Cork Co. (interim)
4%
convertible preferred (quar.)
25c
4-
2
Power
Artloom
3-30
class A
Co.
of
Name
2
4-15
6
5-28
2-21
31V4c
;
$3 preferred
Corp.—
of
Below
4-
$1
■
(quar.)
non-cumulative
$6
9
$1
-
Farms,
3-
.
4-1
$3
(quar.)
4-
3-
Telephone,
Ardens
Bank
*
/■7
$2.25
Archer-Daniels-Midland
2
50c
interest
3-16
1
(semi-annual)
Bank
beneficial
2-
3
4-
(quar.)
5
of
2-28
3-
$1%
(quar.)
(irreg.)
(quar.)
3-20
3-14
3-14
Co., common
preferred (s-a)
Anglo-Canadian
25c
3-14
1
Co.
3-
Certificates
50c
3-14
$2 V4
pref.
(San Francisco)
Glass
3-
3-14
1
4-
7%
preferred
3-15
25c
„'
50c
.
3-
3-10 7
2-20
4-
Co.
Window
convertible
$4.50
$3%
2-28
3-14
$1
—
(quar.)
Amoskeag
5
25C
(irreg.)
3-16
;
25c
(quar.)
Investment Trust—
$1%
common
4- 1
3-20
4-
Co.
Co.,
$174
40c
..
2-18
.5%
3-20"
1
B
& Tel.
3- 9
World
Sanitary
:
25c
Sugar Refining,
American
5
5
3-14
4-
:
25c
6,
4-
preferred
Co
$1V4
$1.80
^
,
25c
25c
20c
87(4c
$134
$1(4
25c
$1
$1(4
$1(4
$1(4
$1.65
$134
(Prior preferred
1
Stores
American Trust
6
25C
Wisconsin
3-10
2-14
7%
$1V4
3-13
6
2-20
Common
3-16
3-10
y
& Snowdrift Co.
4-1
3-
15c
3-31
1
common
Sewing Machine,
3-16
2-27
Tobacco
t$l
participating
Winters & Hlrsch, Inc.,
$134
—
1
Tel.
•/
Hydro-Electric Corp., Ltd.—
preferred
(quar.)
West Indies Sugar Corp., 5% preferred (s-a)
Western Tablet & Stationery Corp.—
5% preferred (quar.)
Weyerhaeuser Timber Co.
(irregular)—-—
White
(quar.)
2-20
3-14
American
Canadian
3-16,
4-15
pref.
Standard
&
t25c
(quar.)
2-28
4-14
3-10
3-
American
$iy2
<
4-15
American
4- 1
Co
2-20
$2
(Chic.) (quar.)
common
$2%
3-31,
4-
Co.
preferred (quar.);
3-
White Motor
2
'
7%
3-16
3-10
3-20
& Tr.
Radiator
Corp.,
V
50c
2-27.
3-
2-19
3-31
American
Atlantic
3-23
2
4
3-10
3-10
3-31
3-
common
2-28
3-31
25c
3-26
25c
3-20
15C
3-31
3-
20c
"
—__
t$l%
t$l(4
$2(4c
80c
Foundry Co.
(quar.)
Service,
Public
Gas
$0.80
2-19
t$l3/4
American
&
3-
3-
5
Atlanta
73-31
20c
(quar.)
12- 4
Atlanta
3-13
2-14
111
12-15
2-28
4-15
2
3-
$1V4
of
$134
preferred
3-10
West
Co.
9-
American
3-20 T
2
3-
6-
5
3-
3-
4-
9-15
7
3-10
9
4-
6-15
7
3- 2
2-
25c
(s-a)_
2
$134
3-
$i
2-14*
3-
$1%
3-
50c
3-
7%, preferred (quar.)
;■-./,
3-
-
3-20
20C
20c
(Newark)
Paper Goods, 7%
preferred
(quar.)—
1
3-
2-13
$iy2
American
3-
1
3-31
(quar.)—7—
1
1
3-
7%
7
3-16
9
50C
Machinery
American Nat'l Bk.
9
3-25
2-13
75C
Rolling Mill (reduced)
American Ship Building Co., com. (irreg.)
7% non-cumulative preferred (irreg.)
American Smelting & Refining.
American Steel-Foundries (irregular)
50c
1
(quar.)
3-15
3-31
3-
(monthly)
Co., Ltd.,
preferred
-7%
3-
2-13
:
Metal
3-31
$50c
75c
3-20
6%
1
1
75c
Extra
$1%
Wesson Oil
5-
,
American
4-
4-
Co.
American Machine &
4-
3-13
2-18
4-
3-
Co—-
Laundry
3-16
2-28
3-16
62 V2C
(quar.)
;
Investment
4-
25c
(quar.)
1
2-18
2-25 *
5c
3-16
$2
3-10
4
3-16
10c
pref.
-
Products
$iy4
(quar.)
4-
t$l(4
5
4-
7
Extra
10c
Corp.
3-
4-15
$1.183/4
preferred
Indemnity
t$2
Electric
3-14
40c
(quar.)
com.
3-
1
75c
Wagner
25c
Leather—
&
$1V4
(quar.)—
Virginia Elec. & Power Co., $6 pref.
2-25
3-16
common
(quar.)
Hide
convertible
American
3-13
3-
3-16
37%c
3-13
3- 2
3-16
$1 Vi
Co.,
(quar.)
American
3-13
■
3-31
$iy2
,
preferred
5
$174
(quar.)_
4-17
6*
3-
3-28.
$iy2
——
$1
3-
1
3-21
8-25
11-25
3-12
4
Home
1
3-16
Refining Co.
preferred
912-
t30c
(quar.)—
American Insurance
3-13
1
preferred
(quar.)
Holland Dutch Bakers, Inc.—
$6.50 preferred ; (quar.)
/Common (irregular)
Veeder-Root, Inc. (irregular)—___
Vicksb'g, Shrevep't & Pacific Ry., com. (s-a)
5% preferred
(s-a)
7—
Victor Equipment Co., $1
convertible pref.
7%
5-25
preferred—
$6
Corp., $2.50
American
5 :
4-
(irregular)___■_
Co.,
3-12
2-25
6-
50c
Elec.,
General
Utah Oil
•
&
preferred
Upressit Metal Cap Corp., 8%
Victor-Monaghan
4-
3-
$l3/4
Power,
Hoe
American
Van de Kamp's
2
4-
6
3-12
$134
(quar.)
(quar.)
preferred
6%
2-28
(annual)-:
Inc., of Dela.
3-12
1
12%C
pref. A
Lines
&
Gas
$2
3-12
Waldorf System, Inc. (irregular)—
Warren
(S. D.) Co. (irregular)—
1
—
4-
Fork
American
;
3-
62y2c
(quar.)____j.
Universal Products Co.
3-
4-
4-
t35c
$3
3-31
3-26
Paper Board Co., common
U. S. Truck Lines,
(quar.)
7%
American
3-10
(resumed)
6% non-cumulative, preferred (irregular)__
3-19
4%%
2-28
3-28
?.—.w.
Co.
class A (quar.)_
3-16
15c
15c
Foreign
preferred
3-31
•
3-14
'^•./: 300 '
Drill
6-18,
25c
(quar.)
Niles-Bement-Pond Co. (irregular)
(s-a)
9-17
50c
(irregular)
(irregular)—__—
common
2
$1%
&
3-10
4-15
p
15C
Sugar Co.
.
Union
3-15
25c
—
—
Pacific RR.,
4
preferred
American
3-25
3-14
Carbide.& Carbon Gorp._
Union
4-1
50c
pref.
3-
$l3/4
Export
American
2-20
3-28
z____
Corp.
2-16
3- 4
7.
Co.
cumulative preference
6%
2-20
1
3-
37%c
1st
Union" Investment'Co.; 7.6%
4 %
3-1
tl5c
^7;
Trusts
2
3-15
3-14
'
4
50c
:
Coal.
3-
50c
(irreg.)
com.
(quar.),
$iy2
6-27
$1(4
(quar.)
(Ohio)
General
Truax-Traer
:
4-
3-15
_i
Union
4-20
4-15
(quar.)__
7
Colortype
American
4
t4c
.__
Toronto General Insurance-Co.
Union
4-
50C
Axle
Todd Shipyards
9-28
25c
:
(quar.)_
3-28
20c
20c
50c
$1(4
12(4c
(irreg.)
prior preferred
& Bros.
Timken-Detroit
3-10
3-14
v 7 % preferred
(quar.)——-—$1%
New York Transit Co.
■■
30c
North American
1
3-20
50c
$1(4
i50c
$44c
25c
.
Co.
G.)
$1(4
$1(4
Castings
Corp, Ltd.
(A.
$1(4
>
Newport Industries
4-
3-30
$1(4
common
(quar.)_
Corp.
Telephone
3/
3-20
4-20
;
?3c
(quar.)
gtd.
3-11
3-16
$1%
Co.,
Chicle Co. (quar.)
Cigarette & Cigar Co., common
preferred (quar.)
5%
$7
3-16
!
i::
7c
4374c
Shovel Co., common "(irregular)
.7% preferred (quar.i—
z
Thomson Electric 'Welding Co.____^_l_
Time, Inc. (interim)
-
1
4-
$1%
(quar.) _L_
(quar.)_
Co.,
1
1
$1*4
Cable
&
(quar.)
American
3
$$174
Tel.
4-
4-
pre¬
:
Chain
Class B
•
5
3-
37 y2c
(quar.)
Technicolor, Inc.
Texas Company
(quar.)_.
United
Supply Co., 5(4% prior preferred—
6% prior preferred
Negus Mines, Ltd. (interim)
Nelson (Herman)
Corp. (resumed)
New England Public Service Co.—
$6 prior lien preferred
v $7 prior
lien preferred
:
New Idea, Inc. —____________
New York Power & Light, $6 pref., (quar.)—
Newark
2
3-
1
75c
National
,
3-
3-10
4-
$1(4
(quar.)—
______—
preferred
3-12
of America—
._
6%
.3-21.
10c
—
National Malleable
3-20'
1
$1(4
.6% preferred (quar.)
:
,,
.Quarterly
:
.Quarterly
Quarterly ___7__r
Myers (F. E.) & Brothers " (irregular)
Nashua Mfg. Co., 1st pref. (quar.)
National Breweries, Ltd., common (quar.)__
7 7% preferred (quar.)
1—
National Cash Register Co.
National Casualty Co. (Detroit)
(quar.)
National Cylinder Gas Co
National Dairy Products Corp.
National Discount Corp., common (quar.)__
.5% preferred (quar.)_
National
1
3-
3-10
Thew
3-14?
1
4-
50c
(quar.)
pref.
Co.
2-20
3-16
4-
$1(4
$134
______
6%
?:
73- 2;
1
25c
prior preferred
River Power,
2
3-10
60c
Mining & Mfg. Co. (reduced)
Mississippi Power Co., $6 preferred (quar.)—
Mississippi
2-20r
2
60c
Minnesota
preferred
4-
6
3-25
20c
r
Atlantic
3-11
$l3/4
(quar.)
prior
Quarterly
2-28
______
Mickelberry's Food Products—
$2.40 preferred (quar.)
Midvale Co.
'
1
7>7 %
4-
$1(4
<
$1
3-
20c
75c
—
Miller & Hart, Inc.,
3-
&
3-
2-28
1
15c
2-28
3-16
+
pref. (initial)
Spencer Trask Fund, Inc. (quar.)
Strawbridge & Clothier 5% pref—
L__
-t $5
preferred *
^'_L__"_______
7 2-10
$1
(quar.)
Ins.
3-10
$1
Phosphates Corp.
Spalding
3-6
<quar.)__
Fire
Mergenthaler Linotype Co.
25c
12%c
(quaiv).
$5.50
Quarterly
2-28
(quar.)
•
;
10c
3-13
4-10
$.296875
Southwestern Associated Telephone—
$6 preferred .(quar.)_^„i___z
6
(irregular)
Merrimac Hat Corp, common (irregular)—_
v<8% preferred (quar.)
1
Messer Oil Corp. (irregular)
Mesta Machine Co.
(irregular)
Michigan "Associated Telephone—
•7*6% pref. (quar.)
Merchants
1
-
Skilsaw,-■ Inc.- (quar.)
Southern
3-9
4-
5-
tl5c
preferred
South Penn Oil
3-18
50c
(irreg.)—
.
9
3-31
15c
<
com.
3-
7 25c
7-
McGraw-Hill
McKesson
3-31
$134:
-
(quar.)
3-; 2
37(4c
(quar.)
3-16
7%
preferred
Corp.,
Extra
3-12
quar.)_.
Ltd. common
1'
3-15
3-16
4-
25c
3-31
3-10
—
& Soils,
25C
_:
common__
(quar.)
preferred
American
4-10
•;/
(quar.)
(H.)
Louis)
$1%
3-10
1
Extra
5*
10c
com.
Publishing
& Robbins, Inc.,
3-
3-16
1
1
1
______
i
pref.
1
2-20
75c
7%
Co.,
Capital
Envelope Co.,
•Quarterly
3-10
5-
(quar.)___
common
6
3-
3-
3t10
1
25c
(quar.)
Distillers 5C2%
B
1
4-
'
Class
3-20
3-15
4-
50c
(quar.)
Alkali
7
t$l(4
Co.
Works
2-
3- 3
V 3- 3
:
2
4-
30c
z___-___:
Lock Company
Simon
3-
4-
$1%
(s-a)
Signal Oil & Gas Co., Class A
2-28
$1
.
Ltd.
Co.,
American
2
$1.31 J/4
-Extra
.
3-
37%c
Engineering 7% pref.
Sheep Creek Gold Mines, Ltd.
2-28
3-16
(St.
1
25c
(quar.)
Can
American
3-19
4-
:•
t$5y4
(resumed)
Gold Mines
Water
9
3-12
-
2-13
________
—
American Cyanamid Co.,
4
3-16
-
5
3-15
3-16
1
4-
33-
14c
_
/
Security
t$l(4
t$2
$1%
(quar,)_.
3-16
5
t$7
preferred A
Schlage
"
Mapes Consolidated
Jose
4%%
Schenley
7*
Corp., Ltd.—
,<7% convertible preferred (accum.)
Magnin (I.) & Co. (quar.)
Magor Car Corp., common (irregular)
7% preferred (quar.)
...
&
L_~:__
t8c
1
Pulp
Antonio
75c
(quar,)
,.v
Corp. (irregular)
Manufacturing Co._
••'•.Extra
3-10
3-16
20c
$iy8
_
Aircraft
Helen's
5%.
6%
2
5-
3-
t25c
Note
3-16*
2-28
(interim)-.
Insurance
1
$2
3-20
(irregular)
Paper .(irregular)
Safety Car Heating & Lighting
f
(quar.)
Mines, Ltd.
MacKinnon
3-11
37(4c
(irregular)
Lindsay Light & Chemical Co.—
preferred
3-31
15c
.
Lima Locomotive Works
77 7%
17(40
,
Refineries
St.
Ltd.
4-
3-14
7rC7$l7
2-28
50c
fquar4______.___________
Ryan Aeronautical Co.
3-25
33-
5-29
3-10
preferred .(quar.)___^__
Company (irregular)
Russell
3-16
3-25
3-12
Richardson
Rohr
15c
/•/•;■
3-20 '
3-30
:
2
15c
(quar.)___
American
1 '
25c
(quar.)___
preferred
1
4-
40c ;
common
'4-
1
$1V4
=
3-
9
American
! 3-21
37Vic
/
3-25
(irregular)
common
Co.
preferred
ferred
3-17
$iy2
9
_____
American
,•//••
.
preferred __!
:7%
75c
preferred
6%
3-17
"
3-
Co.
;.
American
3-31
;
3-27
$1
7;5V5(.%r pfefA(cljears. all arrears)
3-12
4-
$4.50
Ltd.,
Bank
American
3-14
3-27
$174
1
.
3-14
4-15
$134
9
4-
•
>
50c
(irregular)
Revere Copper & Brass—
3-12
$l(/2
Steel Corp.
'
4-1
4-
;
50c
-
3-
Inc.
Mfg.
(quar.)
3-16
1
$iy4
._z__
(quar.)
Remington Rand, Inc.
2-25
4-
87(40
Finance,
'
3-
1
25c
Automobile
3-18
1
4-
v.
3-16
1
4-
•".»
4 3 3/4 C
(irreg.)—
7
3-10
•/•
1
$$1%
.
Reading Co., 2nd preferred, (quar.)
Mills, Ltd^.
.'
:
3-16
4-
$5c
V
(quai'.)_
Regent Knitting
70c
(reduced quar.)
pref.
preferred-' (quar.) z7lz_________
3-14
25c
(quar.)
(quar.)___.
5(/2%
(Okla.)^ 5%. pref. (quar.)
Corp. common voting (quar.)___
1
(reduced quar.)
preferred (reduced quar.)
preferred
Dome Mines
Steei Car'Co.,' commonl
preferred (quar:)
Rath Packing Co./z___-
3-20
4-
25c
.5%
2;
t$l
preferred
6%
6%
3-16 ;
1
j\ •.:"
75c
1
4-
25C
American
3-16
.4-1
$1%
4-
25c
Arch
3-20
:
2-20
2-16
(payable in U. S. funds)
tic
v
1
2
25c
6% pref. (quar.)
Amalgamated Oils,
2-28
4-
1
Aluminium,
3-16,
.
4-1
4-
50c
3-
•
(quar.)
Ralston
:■?
7 ; 3- 2
1
3-16
7 3-16
■
1
,
3-16
1
Industries,
American
$1(4
,
Goods
Aluminum
2-28
3-16
3-31
>
-
7%-' 1st preferred (quar.)__
Quaker Oats Co. Common (quar.)__:
6-*
Kings County Lighting Co.—
Co.,
$iy»
■
4-17
3-
Cement
Aluminum
,
3-21
Original preferred
6*
4-
25c
1
3-14
3-20
$iy3
(quar.)
Kelsey-Hayes Wheel, $1.50 conv. class A
Kern County Land Co. (irregular).
Keystone Public Service, $2 80 pref. (quar.)
Kimberly 'Clark Corp., common (quar.)
Industrial
i__^
^Common non-voting
3-2
3-16
4-
|
3-13
r
$lVa
/___
—
3-14
;
4-15
& Co., Ltd.,
Service
Public
(quar.)
I
3-13
1
5-
,:$!%
—
Portland
.$1
$1%
pref.
Alpha
$4c
East
57"'
''
LaSalle
_;._*_
Price Bros:
3-
4-
4-
25C
3-5*
,
1
1
4- 1
.
$1
;Speciai
6-15
:
3-10
A
Mines, Ltd.. (quar.)i___________
75c
;
Class
(quar.)
(quar.)
common
4;
$1%
(increased)
Corp,
Special
3-10
v
'
American
_^___
(quar.)
Laboratories
Products
______
3-15
$iy4
__
Kelly Island Lime & Trans.
Koppers
preferred
50c
7
4-
$1V2
-•
2
of Ret."
1
'
4-
/
$174
Potash
3-31
50c 7
1
r$lV4
Phoehix Securities;. $3: conv. pref. A (quar.)
Pollock Paper & Box Co., 7% pref.
,(quar.)_
Co. of America (quar.)_
z
:;
4-
4rl5
I5c
<quar.)_______
5%
J/3-. 2*.
40c
4-
Philadelphia Eledtric Power Co.—
8 % .preferred
(quar_)_liC-,_-___-__.!
'
3-12
75c
(quar.)
common
Kansas Electric Power Co.,
5%
com.
;Extra
V"
12-31 *
:
-2-43
'•
$1(4
____
6 % "preferred (quar.) ____*
7
Kansas City Power & Light—
»6%
(quar.)
Perron GOld
15c
(initial)
5%
i7%
$i%
?
Peoples ■Gas-tight & Cpke Co.
50c
,7
r
7
Common
'
25c
___
___
Jamieson, (C.. E.)
preferred
:
,
$iy8
7
,.
Jones &
i6%
7__1.___:__:__
3-
Pennsylvania Water & Power Co.—
9-30
1
1
25c
3-31
1
4-
$1%
6-30
7- 2.
Allied
70c
(quar.)____
__1—II
3-18
3,
4-
$1%
__L.-zi__.
—
1
3-16
(quar.)
,$5
4-
(quar.)—$iy8'
B
pref.
(ouar.)
Co., $6 pref.
Allegheny Ludlum Steel Corp.—
; 7%
preferred
'(quar.)___
3-
Holders
Pay'ble
$134
3-16
'
When
Share
(quar.)
1
3-10
30c
•
Engineering
preferred
$2.80
',-..•
4-
.$1%
preferred (quar.i_T-_____„_
Pennsylvania Power & Light, $5 pref. (quar.)
777 $6.preferred (quar.) __i_________u_i
/
$7 preferred,(qriar.)i----;
preferred
preferred
.
~
Co.—
$5 * preferred
Alabama Water Service
,
3-14
1
$6
,
Name of Company
Power
4-
? ■;
25c
,;5%
(Toronto)— 7
t$33/4
$7
Allied
preferred (quar.)*____7_
Pennsylvania Glass Sand Corp.,
3-11
4-
.
50c
(quar.) ;r___
",$5
3-31*
4-15
$1
Inspiration Consolidated Copper
International Salt Co.
:__r_'__V-
7$6
3-20;
$$t.
___
Joslyn Mfg. & Supply,
Pennsylvania-Edison,
4-15
;
v4Vi % preferred "(qtiar.)
■
2-14
1
t$3%i
Industrial. National Bank
•
i:
1
~ 7
~
■
Alabama
3-13-
*
-.7
>$1.20 preferred/class A
4*
$1
(quar.)__
,
Aircraft
2
4-
Indiana Steel Products (irregular)L
12Vic
Indianapolis Power & Light—
5^ %;preferred (quar.)„$1.31 SA
Jacobs
25c
'
'Quarterly;
t$33/4
:'7:vQuarterly:7sv^-17!^7_^^L.^^7^^j_^i;:.;;,:j$3%.;
-4Va% .preferred
Common.
1
3-
/
Quarterly
3c
v'y
Mills- Co. 7__t______
Penn Electric Switch—
50c
__
;
3-14
3-13.
Huron & Erie .Mortgage, (quar.)_1
Hyde Park Breweries Association.
Illinois Bell Telephone Co. "
•
3-10
4-
3-7*
'
Co.
3-20
50c
Pacific
>•
3-7
7 20c
common
JLife Assurance
•Quarterly
^Quarterly
3-10
3-
(irregular j
preferred (quar.)
:
Hubbell (Harvey)
Co. (quar.)
Imperial
1
(quar.)
3t25
$1!4
75%
;
4-
Railway
3-14
;_
Manufacturing Co.
Household Finance Corp.,
30c
Electric
7; Extra
3-10-
Per
•7.
of Reo.
i:
25c
4-
Holders
4-
7 60c
,
When
Pay'ble
$2
preferred
conv.
Paramount Pictures, Inc., common_"____^__7
6% 1st preferred (qUar.)-___-________
(irregular)
Co., 5%
Corp., 8%
Share
'- v
Pacific Coast Aggregates _-rT.______x________
Pacific Indemnity; Co.
(quar.)
•
"3-6
-
4-1;
$1%
______
Sons
3-16
3-20
25c
of Company
(quar.)_
_7____
Ottawa
'
Parts Corp. (quar.)_
Co.> common (reduced)
&
Omnibus
3-14
preferred (quar.)__
.
Per
Name
of Rec.
3-31
_7_
___
Hercules Powder Co.
Hollander
Holders
When
t$l 'A
Sugar Co., Ltd.—
7
,
Payable
•
Motor
(Geo. W.)
*
"7 "share
.
2
2-
6
3-
2
2-°q
3-16
2-27
■
'
,
'
■
.
884
'
\
.
i
■
:
_
;
■
w
.
^
~r
Name of Company
■,
THE COMMERCIAL & FINANCIAL CHRONICLE
/\—'7
.
*
.Pet
Share
V
Holders
.When
Per
...
Name of Company
Payable 7, of Rec.
> When
Monday, March 2, 1942
Holders
SharePav'bl*
.Per..
i-
■Name of Company^-
of Rec.
* -
When
■
share
Holders
Payable
of Rec:
'
3-
l/32nd
share
of
H,.- holder's option,
-•
2-13
2-20
;
2-20
3-
1
3-
1
3-
1
2-14
3-
1
2
1
2-20
14
2-14
3-1
3-31
3-21
3-31
'.»•
$iv&
y
3-2
Si/ $1%
y- .; 3- 2 ^
• 75c
15c -/ 2-28
;■-..25c/>«--3-2
common
;
2-14
3- 2
Brown-McLaren
3- 2
2-16
3- 2
2-20
3-16
3-
4-
1
3-20
3-14
2-20
2
2-16
3-31
2-28
3-20
3-
3-
—_
——
_____—
2
2-20
3-10
2-25
3-16
3-
3-14
2-28
3-
-
2
(
*;
& Iron—
Fuel
Colorado
6
—25c-
: 2-10
'
/
2-10
2-25
.
c y._—
1-31
•.
2-17
/
.
/
-
Class
B
Columbian Carbon Co.
2
2-16
Commonwealth
2-28
Shoe
Brown
Mfg.
Co.
Co
V ;.5%; convertible preferred
»
'
(quar.)
Brunswick-Balke Collender Co., com.
(irreg.)
$5 preferred (quar.)
Buckeye Pipe Line
Bucyrus-Erie Co., common
7% preferred (quar.)
„»
Bullard
Co.
——
Inc.
Bullock's,
(Los
Commonwealth Utilities—-
:
r;
common
Burroughs Adding Machine
Butler
Bros.,
common
Special
6Vz% preferred C (final)$1% // 3-1
Community Public Service—
450c. / ^3-14/?
2
4-
1
3-14
4-
1
3-14
2
3-31
3-
2-28
2-11
2-13
2-23
2-16
2-13
Ltd.
Canada Dry Ginger
Ale (quar.)
Canada Foundries & Porgings, Ltd.—
Class
A
(quar.)
Vinegars,
Canada
;
(quar.)
.
—
■U.
Film
'! 7%
Ltd.,
—
International
5%
Canadian
Investment
3-
2
2-14
Natural
&
8%
preferred
3-13
2-28
3-16
3-
3-
2
2-14
3-
9
2-24
2
2
3-16
3-
3- 2
2-14
3-15
2-28
3-15
2-28
Carolina
Tel.
Tel.
&
Co.
Caterpillar Tractor Co.
Central
7%
Arkansas
Central
6%
Electric &
preferred
Central
(quar.)
one
of
$5
All
arrears
now
payments.
Central Illinois Light,
pref.
preferred
2
$5
4-30
3-31
4-15
3-31
3- 2
2-16
y
2
2-14
3-31
3-20
3-31
3-20
3-
7-
1
6-28
3-
2
2-16
3-
2
2-16
4-
1
3-25
2-28
2-14
3- 2
2-16
3-16
3-
6
3-31
3-12
3-31
3-12
3-
2
3-16
3-
2
SlVs
t$l'A
t$1'A
4-
(quar.)—
1
3-20
3-16
2-20
3-16
2-20
2-14
Power Co.—
$lVa
Central Ohio Steel Products Co.
35c
3-
2
2-20
Central Paper
15c
3-
2
2-20
(quar.)
—
(quar.)_
$1.16%
$1.62%
J.
(accumulated)
preferred
1
3- 3
2-14
3- 3
2-14
prior lien preferred
prior lien preferred
Century Ribbon Mills, Inc., 7% pref. (quar.)
Champion Paper & Fibre, common
Chesapeake & Ohio Ry. common (quar.)—
4% non-cum. series A pref. (quar.)
$6
Chesebrough Mfg. Co.
(quar.)
—
4-
1
3-
6
$1
4-
1
3-
6
^$1
Corporation, $3 preferred—t75c
6% preferred
(quar.)—_—
——
$lVa
Chicago Rivet & Machine Co. —^—
I2V2C
Chicago Towel Co., common (reduced)—$1
$7
preferred
(quar.)———
—
$1%
—
-
Cab—.——
———
Chickasha Cotton Oil Co. (quar.)——
(Quarterly)
————————^
Christiana Securities Co., common (reduced)
7% preferred (quar.)
Chrysler Corp. (reduced) —
————
Cinn., New Orleans & Texas Pacific Ry. Co.
5% preferred (quar.)—
———.
5% preferred (quar.)_—
5%, preferred (quar.)_—
Cincinnati Street Ry. (irreg.)
——
City Auto Stamping Co. (quar.)
City Ice St Fuel, common
Chicago
Yellow
—
—
—
-
6V2 %
preferred
Crucible Steel
5%
Crum
Forster
&
Dayton
(auar.)———
City Nat'l Bank & Trust Co. (Chic.)
$1'A
(quar.)
Shares
Corp.—
Devonian
Diamond
Diamond
(quar.)
3-20
2-28
2
2-20
3-16
2-28
$1%
pref
(quar.)
conv.
pref.
Western RR.
-
Co.
Alkali
(quar.)
Co.
Match Co.,
preferred
quar.)
(quar.)
common
preferred
(s-a)______—
common
(quar.)
Corp-Seagrams (quar.)
;
5% pref. (quar.) (payable in U. S. funds)
Dixie-Vortex Co., class A (quar.)___
Dr. Pepper Co. (quar.)
Doehler Die Casting Co. (interim)
Doernbecker Mfg. Co. (irregular)
Dome Mines, Ltd.
(reduced) _*
Dominguez
3-10
Dominion Scottish Investments,
Oil
Fields
25c
25c
3- 2
4-15
3-17
Dravo
25c
$22
7-15
6-16
3-16
2-23
3-20
3- 3
2-16
Driver-Harris
5-15
1
8-15
20c
3-16
3-
15c
30c
$1%
3-31
3-14
$1
4
3-31
3-14
3- 2
2-21
1
4-20
5-
2-13
6-20
12-19
*
5- 5
8- 5
3-21
3- 2
3- 2
3- 2
3-14
3-12
3- 2
3- 2
3- 3
3- 3
3-16
5- 1
4- 1
3- 5
3-28
3-10
$1'A
62'Ac
15c
50c
10c
$40c
*
3-10
2-21
2-21
2-21
2-27
2-13
2-13
2-28
4-15
3-10
2-18
3-16
2-28
4-20
3-31
2-28
2-10
2-10
$$1'A
3- 2
2-14
Falstaff
-
Co.,
7%
$13A
3- 1
$$1'A
25c
3- 2
2-20
2-28
2-17
3- 3
4- 1
2-20
3-31
5- 1
8- 1
11- 1
12-27
4-17
7-21
10-20
12-17
3-14
3-21
3-13
15c
60c
—
common..——
preferred (quar.)—•——.—
Duplan Corp., 8% preferred (auar.)_
du Pont (E. I.) de Nemours & Co.—
Common (reduced)
—
(quar.)
——
Duquesne Light Co., 5% preferred (quar.)—
Durez Plastics & Chemical, com. (irregular)
6% preferred (quar.)
——
—
$4.50 preferred
of Porto Rico—
Brewing
declared
Co.,
preferred
by
Fajardo
affiliate.
an
$5c
3-26
2-26
15c
(interim)
common-
(s-a)___
Metallurgical,
(quar.)
2-28
2-14
1
3-18
4-
3c
preferred
$5
5-21
$iy<
(quar.)
3-31
3-16
$1'A
6-30
(quar.)
$l'A
9-30
9-15
$5 preferred
(quar.)
$l'A
12-18
12-15
Federal
Compress
Federal
Warehouse
&
Federal
Mining
Enamel
Finance
Co.
common
(quar.)
2-18*
3-
2
3-20
3-
5
15c
3-31
2-21
3-31
2-21
3-31
2-21
(S.
Co.
Rubber
&
A
National
State
Pawners
(M. H.)
2-15
$1'A
Society
1
5
30c
(quar.)
(Pittsburgh) (quar.)__
Bank
3-
3-
2-21
Co.—
(quar.)
First Bank Stock Corp. (s-a)
First National Bank of Hartford
First
3-16
2-21
/;
F.)
quar )
Tire
preferred
3-31
60c
Indemnity
3-31
6%c
(quar.)—
Fund
(Increased
Fishman
2-20
2
3-20
5c
preferred
Fireman's
Q7o
3-
15c
'
B
2-18
5c
(quar.)
com.
Extra
5'A %
6-15
25C
class A
Amer.,
Extra
Class
2
3- 2
$$2
$1'A
$1
Smelting Co
Corp.
of
■
'
Grain, Ltd., 6'A% pref. (accum.)
Light & Traction, $6 pref. (quar.)_
&
3-
50c
(quar.)
Federal
Common
Flintkote
$4.50
(Chi.)
(quar.)
(quar.)_
4-
1
$1'A
4-
1
3-21
$2
4-
1
3-31
3-31
3-21
$13A
3-16
Inc.
15c
3-
2
2-16
25c
Co.,
7 %
2-20
$13A
$2
.
3-25
4- 1
4- 1
,
$1JA
$l'/a
$1'A
3-14
4-25
4-15
2-24
4-10
3-16
50c
3-14
2-34
37'Ac
3-14
2-24
(quar.)
Co.,
3-1
2-18
Power
25c
(quar.)__
Corp., 7%
preferred
pref. A
(quar.)
(quar.)
Fort Wayne & Jackson RR., 5'A% pref. (s-a)
5'A% preferred (s-a)
Freeport Sulphur Co. (quar.)
Fruehauf Trailer Co., common
5% conv. preferred (quar.)
________—___—__
Galveston-Houston
Gannett Co. class
Extra
General
America
Corp.
General
Bottlers
Cable Corp.,
7%
$5
$23A
'
3-
;
2
2-13
2-20
$2%
9-
1
8-20
50c
3-
2
2-17
35c
3-
2
2-20
$1'A
3-
2
2-20
Corp.,
4-
1
3-16
$1'A
4-
1
3-14
12'Ac
$15c
3-
2
3-31
3-
$$1%
4-
1
3-
2
i$l'A
4-
1
3-
2
12'Ac
3-16
3-
2
3-16
3- 2
3-16
3-2
2-27
2
75c
3-12
3-
3
3-16
3-
2
3- 3
1-26
25C
2-
3- 3
2-14
5c
4-15
4-
3-12
2-13
5" 1
4-
4-15
4-
1
50c
(irreg.)
common
3-16
$1%
Cigar Co., com. (quar.)
preferred (quar.)_.
Finance Corp. (quar.)
Motors
87'AC
13%C
General
General
2-13
t$l%
(quar.)
pref. (quar.)
preferred
55c conv.
General
7%
3
1 / r;
3-1
12'Ac
(quar.).
General
3
3-
3-
15c
—
—
preferred
3-
3-15
$1%
683Ac
Co.
B conv
pref. (quar.)___
Gar Wood Industries, Inc., 5% pref. (quar.)
Gatineau Power Co. (quar.)_^
5'A% preferred (qUar.)
5% preferred (quar.)
;
Gaylord Container Corp., common (quar.)__
5'A%
3-13
$iya
(quar.)
common
preferred
Florida
preferred
(quar.)
General Outdoor Advertising—
Common (resumed)
$4 participating class A
$iy*
,
10c
9
1
6
$1
5-15
5-
1
$1'A
5-15
5-
1
50C
3-16
3-
9*
$iy*
3- 1
2-16
40C
3-16
3-
'
6%
preferred
(quar.)
General Reinsurance
General
able
in
(N. Y.) (quar.)
Shareholdings, $6 preferred,
cash or 44/1000th share of
pay¬
com¬
stock
mon
General
Telephone Corp.,
$2.50
preferred
(quar.)
com.
$l'A
(s-a)
Extra
3-31
3-21
$1'A
4-
1
3-14
4-
1
3-14
3-
2
2-14
50c
20c
Art
Glens Falls Insurance Co.
(N. Y.)
Rutgers Fire Ins. Co.—
&
2nd
(quar.)
(quar.)
(s-a)
Pub. Co.. 7% pref.
Telegraph Co. (quar.)
2
2-14
4-
1
3-20
$1'A
5-
1
4-
4-
1
3-12
40c
$2'A
(quar.)
3-
2
2-20
$1%
3-
1
2-20
4-
1
3-31
50c
Cycle
Corp
Manufacturing Co. (irreg.)
Tire & Rubber, common
convertible preferred
(quar.)
Goodman
37'Ac
3-10
50c
Goodyear
Gossard
(H. W.)
National
Co.
Bank
(Irregular)
(N.
Y.)
1
$iy2
preferred
Globe-Democrat
/Gold & Stock
3-
50c
Company
(quar.)
Gillette Safety Razor Co., $5 pref.
Grace
3
3-14
$1'A
(quar.)_
Gibraltar Fire & Marine Insurance Co.
5%
1
Co.—
6% preferred (quar.)
Georgia Power Co., $6 preferred
$5 preferred
(quar.)
Gibson
4-
62'Ac
(quar.)
General Tire & Rubber
$5
;
(quar.)
Falconbridge Nickel Mines, Ltd.
Globe
c
Quarterly
1
5-15
8-15
15c
15c
15c
'—
Quarterly
2-28
9-
1-5-43
Corp.—
Quarterly
Quarterly
1
2-16
Golden
5%
3-14
6-
3- 6
2-20
2-14
2-16
4-1
7-1
10- 1
12-23
3-18
Ltd.—
preferred (accumulated)__—;
Dover & Rockaway RR. (s-a)
1——
$1V4
$1'A
$1 Mi
$l'/a
35c
75c
$13A
$13A
$13A
$13A
t$2
30c
$2
3-16
3- 2
3- 2
3- 2
4-1
7-1
10- 1
12-23
3-28
3- 2
7- 6
$50c
$3
(monthly).———
3-10
4-
3- 7
Dominion &
2-19
$1%
$1
3-16
25c
25c
25c
$1'A
25c
50c
37'Ac
75c
50s
$2
$55'Ac
(quar.)
Dominion'Foundries & Steel, 6% pref. (quar.)
3-20
35c
50c
50c
2-28
1
3- 2
3-13
2-16
3-6
•
(s-a)
3-10
4-
2-10
3-18
7-22
3-30
3- 2
4-1
<.
3-14
3-
2-15
.
$1
t$l3A
75c
(quar.)_
3-14
6
3r31
3-1
3-16
$2,'..
,
(quar.)
3-20
3- 6
10c
2-28
3-31
,8- 3
50c
Anglo Investment Corp., Ltd.—
5% preferred (quar.)
Dominion Envelope & Cartons
(Western),
Ltd., 7% 1st preferred (quar.)_.—
3-31
7/
.
$2
participating
Dictaphone Corp.,
8%
3-17
Co.
(quar.)
(initial
Oil
3-31
$13A
>
Corp. (irreg.)
Raynolds Co., class A
B
'
Fitz Simons & Connell Dredge & Dock Co.—
(quar.)
4'A % pref.
preferred
2-28
2
Co.
dividend
First
Steel
Class
2-18
3-
&
Sugar Growers Asso.,
2-13
Semi-annual
&
1
50c
Includes
3- 1
(Quarterly)
(Quarterly)
(Quarterly)
Devoe
2-28
3-
$1'A
$1'A
2-28
2-16
$1'A
pref. (quar.)
Dentists' Supply Co. of N. Y., com.
7% preferred (quar.)
Detroit
3-10
2-11
Morse
Firestone
Co., 7%
Michigan Stove
5% preferred (quar.)
5% preferred quar.)
,
2-11
2-10
3- 9*
2-27*
3-24
_
Detroit
3-10
80c
3
3- 1
3-25
3-16
3-30
(quar.)
6%
3-16
87'Ac
1
3
87'Ac
25c
56'/ic
i$l
y___
Gasket & Mfg.,
$2'Ac
(quar.)
3-
20c
62V2C
$1
t$l%
$iy4
Co.
& Light,
Power
A
common
3-
3-14
3-14
3- 1
3- 1
3-16
2-16
2-28
preferred
Stores
class
50c
4-1
4- 1
3-10
3-10
3-31
3- 2
3-14
Inc.
& Fisher
3-24 7
50c
$1%
$1%
Curtis Publishing Co., prior preferred (quar.)
Daniels
3
.___
2-17
2-17
3-16
3-16
preferred (year-end)— V
Cqiver & Port Clinton RR. Co. (s-a)_
TJL_ '
Cuneo Press, Inc., 4'A % preferred (quar.)7»
Curtiss-Wright Corp.—
$2 non-cumulative class A (irregular)
7%
4-
8-21
2
2
1
1
Crum & Forster, 8%
Cutler-Hammer,
3-24
35c
2
3344-
(quar.)_
Cushman's Sons,
/ 3-24
3
3-
20c
$1
25c
$1%
(quar.)
Insurance
preferred
3
4-
$5 preferred
of America—
Co.
2
4-
50c
3- 2
—
convertible preferred
11-
11-20
Fansteel
(quar.)_
10-24 V
30c
$3Va
56'Ac
1
3- 3
3-20
$1
——
2-28
3-
Chicago
? Quarterly
3-20
t$l3A
t$l'A
$1%
25c
7
75c
,
50c
Inc.—
(Montreal)
7-25
1
3-14
Distillers
Central & South West Utilities Co.—
$7
Co.
6%
Central Power & Light Co.—
7% preferred (accumulated)
6%
&
1
1
3- 1
3-30
preferred (quar.)
Seal Co., Ltd., com. (irreg.)
convertible preferred
5%
3-
Co.
America,
preferred
Crown
2
$12 Ms
L
—
Central Ohio Light &
$6 preferred
$2.25
Detroit
$6 preferred-
2- 6
Zellerbach Corp.—
Cork
Crown
3-
3-31
of
/ 8-
9-
25c
convertible
$3.50
4-25
6-
$1%
Phosphate Co. (irreg.)
—
Corrugated Paper Box, 7% preferred
Crane Co., 5% convertible preferred (quar.)
2 '
1
12-
6%
;—
5 /
5-
$1'A
2-25*
Copperweld Steel Co., common
5% convertible preferred (quar.)
33-
X
3-20
3-10
30c
$1'A
2-20
2-5
3-16
_______
2 /
$50c
preferred A (quar.).
preferred A (quar.).
Faber, Coe & Gregg (quar.).
2-16
(quar.)
27
2-
$5
3- 2
3-3
3-31
(irregular)
•
2-
2-28
$5
3-16
Coronet
3-
cleared with the above
4V2%
■
2-16
Ferro
participating preferred
6ya% preferred (quar.)
1
3-16
Central 111. Public Service Co.,
2-15
f$3J/2
25c
\
2-20
2-28
v
$1'A.
(quar.)
.
V
IOC
(quar.)
Erie RR. $5 pref. A (initial quar.)
$5 preferred A (quar.)
3- 2
(quar.)
2-19
3- 2
17'Ac-
guaranteed
30c
common
2-27
25c
$5 preferred
common
Detroit Hillsdale & South
—
3-5
Continental Telephone Co.—
1
two
6%
Corp,
2-27'
$1%
,
Extra
preferred (quar.)
4-
for each $10
(accumulated)
are
7%
4-
4-30
stock, at the rate of
common
7%
Fairbanks
(quar.)
Steel
Trust
dividends
such
preferred
$4
Continental
25C
•
—
non-cumulative
$3
3-10
25c
Co.,
3-16 7
2-17 :
$1
Erie & Pittsburgh RR.
50c
Derby Oil & Refining Corp, $4
common
full share of
preferred
Varnish
Crown
Foundry Co., $5 pref. (stock dividend
Payable in
•'
2-18
(quar.)
7
3-13
English Electric Co. of Canada, Ltd.—
:
3- 1
(Del.)_
3-2
$10 per share)—
;.:y
Co.
3-16
$1%
40c
10c
75c
(initial)
com.
&
Paint
Deere &
(increased quar.)—
Telephone,
Oil
12-31
4-
Corp.—
(quar.)
Central Cold Storage Co.
Continental
1
50c
—
Service
Fibre
2-28
3-
30c
Fajardo Sugar Co.
(final)
3-17
$2
—
(quar.)
Public
preferred
(quar.)
Diamond
preferred
2-28
/
3-23
/
3-20-
•
:7 Quarterly
Emporium Capwell Corp., 7% pref. (s-a)_—.
"1 4'A% preferred, series A (quar.).._;
7 Common (quar.)
;___
4- 1
//
2-28 *
•t
.
1__
Quarterly
;
(quar.)__
(Chic.)
3-20 /
3-14
i
60c
$1%
..
.
participating
—-—
Co.
4-1
25c
—
7: $2.25
3-16
(interim)
2-28
$$1'A
$1
$l]/2
$3
50c
Capital Finance Corp., 6% pref. (s-a)_„—
& Co., Inc, $2 class A (quar.)
B
Co.
Casualty
■2-19
.
Carman
Class
Can
•
.: 75c
,
Employers Casualty Co. (Dallas, Tex.) (quar.)
t25c
—
3-15
t50c
(quar.)
3- 2
Gravel, Ltd.—
3- 2
'
Pow Co., Ltd., 6% preferred (quar.)—
Canfield Oil Co., common (irregular)
9-25
;
25c
Continental
7%
—
Heat
Lt.
Gas
Sand &
—___
Co._.
______—
40c
?
preferred (accumulated)
Corp. of America
Continental Assurance Co. (Chicago) (quar.)
Cook
Trust,
(accumulated)
preferred
Western
Inc..
7%
5y2%
$$1'A
$$1V^
$$1 Ms
$$13A
(quar.)— 77;
preferred (quar.)
Canadian
Consolidated
Y.,
Industries, $2 preferred—
$75c
$$1
$$1
—
6-25
12-24
•
68%c /
Paper Co.
N.
5
3-16 7
V
r—
(quar.
Controller & Mfg.
$0.70
Continental Light & Power Co.—
i$2
preferred (quar.)
Ltd., class A
of
$$1V4
Extra
■6%
•
1
5
3-
Ms
preferred A. (quar.)
Empire. POwer Corp., $6 preferred
•
'
2-5
Co.
25?
^
aw>
•^,4% guar, (qhar.)
2-5
Creameries
Canadian Breweries, Ltd., $2 pref. (accum.)
Canadian Celanese, rights (irreg.)
Canadian Cottons, Ltd., common (quar.)
:
3-25
:
4-
37
3-14
__
'
'
;y
Continental
$$1%
t$l
$50c
) 6'A%
preferred (quar.)_
/Class A comVnon (quar.)
'.Class B common (interim)
Canadian Bakeries, Ltd.—
5% participating pref. (accumulated)
1
—
Consolidated
3-14
1
2-25
-
3-1
Continental
$37'Ac
J 10c
.____
r
(new)
preferred
2-16
<
3-14
______
j
/ •
1
62'AC
.
:
(new) —
23 8/10c
3-1
\
5%% preferred (quar.)_—__—$1%
3-1
Quarterly
———-—
;'75c ,4-1
Connecticut Power Co. (quar.)
62V2C
3- 2
Consolidated Cigar Corp.
/
7%
preferred (quar.)
$1%
3- 2
$2.20
Consolidated
Canada Wire & Cable Co., Ltd.—
Canadian Industries,
'
Class B (quar.)
Light
preferred
$2.40
7%
-
Ltd.
Inc.
(quar )__,
& Power Co.—
Container
$37'Ac
15c
(quar.)
Connecticut
s
2-13
4-
''
1
4*
3-12
Empire Capital Corp., class A (quar.)
—
Quarterly
Quarterly
Congoieum-Nairn,
Edison
2-13
•
t$l%-.:
3-31
,
-t$iya'' : 6-30
——w
4$lJ/2 -'
9-30
.,_J- - $$1% ; 12-31
X > 25c ' 3-16
—
Consolidated
•
Dominion Sugar Co.,
Quarterly
Quarterly
(Toronto)—( T/ /
Assurance
1-31
——
&
____.
Life
2-16
preferred (quar.)
37'Ac
preferred (representthe quarterly dividend of $1.75 due
'
Nov.
1,
1939,
and
interest thereon
to
i* April
1, 1942)—
t$1.9615
Byers (A. M.) Co., 7% preferred—
(Representing the quarterly dividend of
;V $1%
due
Aug.
1,
1939
and interest
*'•
thereon to March 2, 1942)
t$1 9759
Calumet & Hecla Cons. Copper Co. (Mich.) —
(Quarterly)
:
—
25c
Canada Crushed Stone Corp., Ltd. (interim)
tlOc
Canada
2-14
Confederation
7/4-
62'AC
Electrpgraphic- Corp., common (quar.)
:! 1:7%/preferred (Quar.)
E|y & Walker Dry Goods (irregular)
Empire & Bay States Telegraph—
-v
2-20-
^
2-25
Co., 7%
(A. M.)
3- 2
3-10
convertible
5%
Byers
'
ing
$1V*
2-19
35c
68%c
15c
15c
(
(quar.)
^
2
$1'A
(quar.)
pref.
.
3- 2 7.
/
3-31
preferred
Electric
2-20
3-10
Concentrat¬
(quar.)
(quar.)
Telephone, .$5
— — m;
7 ;X$4.so; /preferred "(Qua^.):
El PaSo Natural Gas
2-23
-
3-10
3-31
3-
15c
preferred
Mills,
$2.75 convertible preferred
■
6
25c
ing Co. (quar.)
Bros., 5%
Bunte
Burlington
2-
50c
(quar.)——
Bunker Hill & Sullivan Mining &
6
2
3-
50c
—
Angeles)
2-
Commonwealth
2-10
:
30C
;
(quar.)
preferred,, series. 1941——
EJgin Rational Watch Co.
|m>»• trnrn'mmtm
El Paso Electric-^Co. (Texas)—'
:/
.
(ind.)~-- -t' • ;
'v'•
(quar.)___„______^_/;____v > ^ SI1/* • •• 3-31
^-15
preferred
2-10 7
1
37'AC ,7
5 %
3- 6 <2-20
(quar.) —1 v ./'/ $1
3"
•
*
Co.
2-28
5c
50c
25c
$1V'4
$1
15c
$1%
—
5%
Loan
X 3- 2
$$l% •;;.7 4- 1
(irreg.)___ •;
Eddy. Paper; Corp.*_/r__—___.X—--■./.
(quar.)
' 3-12 ■
:
/
.
2-10
•V
"7Xr"::/:.7;
Edison Bros..Stores, common
•
2-11
•
3- 6 '
2^28
3-16
-
3-1
>7%.
(irreg.)
2-28
3-16
3-
-r" 3-16
Economic Investment Trust, Ltd.
2rl7
_______
__—
t$1'A
Co.—
_—
>
2-28'2-11 :
;'
2-11
$l'A
«preferred (quar.)
7 $1%
$6.50 preferred (quar.)—r___________—_
Eastern Steel»Products, Ltd.— "
*
$25c
convertible preferred (quar.)
$1'A
Eastman Kodak Co., common (quar.)/
$1'A
(; 6% preferred : (quar.)________—
Easy Washing Machine, Ltd.—
• 7%,
preferred (accum.<?, $17»Ac
-
2-11 "
2
•
Patept Fire Arms Mfg. Co;x._'_____^.__ :■<«} $1% v/' 3-31
(initial),—.;^vS5c
3-16
y/• * 30c
3-
3- 2
V
~ '6- A
Columbia Aircraft Products
3-14
2-25 v
2-25
3-2
$1
•Columbia
Class
$1*A
Eastern Shore Public Service
v
;
v
$1%
-
3-10
<
25c; '-2-28
Broadcasting System—
A
(irreg.)
i*
2
(quar.)—~i—_——___
preferred (annual)
Eastern Massachusetts Street Ry.— ^*■■■ i 6%. vlst
preferred:
* '
y:*-'Wt"'
Special
Colt's
3-
•
; ;
Eastern Corp., 5%
2-20
$lV*vf>.i.>v3«
OHio)7^r;...7r
•
2-26
-
preferred
(quar.)™..^,.—$1% v/k-3- 1 vK'2-14
Colonial Stores, Inc.; coihmon (quar.)^__^Js.
3- 1' V : 2-20
; ; 5%: preferred A
(quar.)/.;_62M?c V>; 3-1
? 2-20
at
2
6% preferred (quar.)______—__—_______
.'7.7%. preferred
"2-26 *
3-16
■
" '
convertible preferred (quar.)
5%
(lnitial)Jim__-——
B
3-
'
__
Collins & Aikman Corp.,
_____
East St. Louis St Interurban Water Co.—
: 2-11 v
IOC
10c
Hosiery Mills, class A (initial)
Class
2-11 v
5%%
75c
Borden Co.
30c 7
Boston & Albany RR.______1__
$2
Eower
Roller
Bearing
75c
Boyertown Burial Casket (quar;)-.
' ;
25c
Brewing Corp. of America (initial)
7"v" 50c
Briggs & Stratton Corp.
75c
Bright (T. G.) & Co., common (quar.).;.™ • - t7'Ac
'•
6%
preferred
(quar.)
$$1 Ms
Bristol BrasS Corp
/_.
■
*—y
$1
Bristol-Myers 'Co;
(quar.)_-r—;
60c
British Columbia Packers
(initial)
$$1'A
Brooklyn Edison Co.; com. (quar.) (reduced)
< $1%
•.<* Preferred
(quar.)
—-J.
$1 Mi
Brooklyn Tel. Messenger Co. (quar.)—--—.
$1'A
Broulan Porcupine Mines, Ltd. (irreg.)——I3c
Brown Pence & Wire, class A preferred-——
75c
____
;
-ColonialFinance (Lima,
or,
75c in cash_
(interim)_i_^_____«__
■
Registered
3-25
3-31
Durham
.
.
3-21
'
;
?•
" $iy4 • - 3-16
Cleary Hill Mines Co. (quar.)
-■-w5c // 'a-2
Cleveland & Pittsburgh RR. (quar.)
:
87>%c
3- 2
/
Special guaranteed (quar.)__„_________^';' - - 50c /'- 3- 2
Cliffs Corp. .(irregular)
*
20c v/. 3-20
Coast Counties Gas & Elec.-r- •"/ " '.■■■:;* '..xj »
J:::
,:. ;J.5%
1st preferred (quar.)__________y_„-_
31V4q
3-16
;
Cockshutt Plow Co., Ltd.___"____"__"__„______-|25p ;:. 6-18
Colgate-Palmolive-Peet Co.—
•xcM $4.25;; preferred/ ,(quar;)'J^i-^^y^^/y $1.06
Collateral Trustee Shares (bearer)
••
15c
»
42-28
(quar.)—
stock
common
2-13
3- 2
< <
Ridge Corp., $3 preferred
2-27
3- 2
____
Blue
2-10
1
3- 2
•
■
4
4-
_________
2-20
3-
\
-.'
City Water of Chattanooga, 5% pref. (quar.)
Clark Equipment Co., common
5% preferred (duar.)
2-20
2
3- 2
.
_.
City of New Castle Water Co.—
6% preferred (quar.)
3-. 5
3-16
Berghoff Brewing Corp. (quar.)—
,
.
25c >
Berkshire Pine Spinning Association—
■
r
■
; $5
convertible preferred (quar.)
___—L'"$1'A
$7 preferred (quar.)
:
$1% ~
Bethlehem Steel Corp., common
-—$1'A
i,7% preferred (quar.)__
.'
$1%
Bigelow-Sanford Carpet Co., com. (reduced)
...
50c
: 6%
preferred
(quar.)
$1'A
Bird & Sons, 5% preferred (quar.$1'A
Black Hills Power & Light Co., com (initial)
42'Ac
5 % preferred (quar.)
.;
; $1 Vt X
Bliss (E. W.) Co., common (s-a)__
$1".
6%
convertible preferred (s-a)
_—___ 7'7
75c
,;5% convertible preferred (s-a)_.
:—
62'Ac,
Bliss & Laughlin, Inc., common
.
25c
5% convertible preferred (quar.)
37Vic
Bloch Bros. Tobacco Co.— • •
7 7V/':'''■•■/■v / 7r/'';-'r'7:.:
6% preferred (quar.)
——
$l,/2
2-28
3-31
2-16
$1'A
i__
(s-a)__.
3-31
3-16
3-16
2-16
25c
3- 2
2-11
$3
Granby Consolidated Mining, Smelting and
Power Co., Ltd. (quar.) pay. in U. S. funds
Special, payable In U. S. funds
Graton & Knight Co.—
$1.80 prior preferred (s-a)
Great Eastern Fire Ins. Co. (N. Y.) (s-a)__
Great Northern Paper Co._
Green (D.) Co. (irregular)
Green Mountain Pwr. Corp., $6 pref.____i.__
Grevhound Corp. common (quar.)__—.—__
5'A% preferred (quar.)
—
.
3-
1
2-26
15c
3- 2
2-13
5c
3-2
2-13
90c
5-15
5-5
30c
3-
2-20
50c
3- 3
2
2-20
$1.40
3- 2
2-16
t$m
3-2
2-20
1
3-20
4-1
3-20
25C
133AC
4-
Volume *155
Number 4051
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name
Griesedieck
•
of Company
Western
Share
Brewery Co.—
preferred "Tquar.J
B'l/a % "convertible
5%
(quar.)
Hajoca Corp., 6%
Hale
Brothers
Hallnor
preferred
B
25c
3-
2
2-16
3-
3
2-14
$5
6%,
Co.,
Hecla
Corp.
Heileman
(G.)
'■
■
:
Rubber
50c
$1
DaUch
pref.
2
t31c
3-
2
••/'•/iv.;*. 7%
v
•
15c
(New
3-27
v
(quar.
r
v>
(
'1
..
"j
B
1*
$1.;
*
"50c;.
$1 'A
-
1
4-
40d*
■
3-
3-16
;
•
r
3-31
'.
r
t
(quar.)
4-
1-: i
,
$1%
<quar.)_——-
}
:
'
2-
Water, 6%
preferred
Great
2
3•'
2
•
2-11;
,
3-31
3-20
2-24
3-1
&
.
.'••
dep.
Ior»ord> (final—
rec.
_
._.
Industrial
*
Credit
'
3-
7
2V*%
•
3-
1
50c
Inland
-
Steel
Institutional
(Bank
; 2oc
..
Co.j-—
Ltd.—
4%
common
2-
-
2
-
33-
2
Harvester,
Quarterly
•••',
Common
7%
A
3-
Aircraft
Investment
_—
9
;
50c
&
Engine
40c
Co.
7Vo
Tea
Johnson
-
.
'
\ 7%
u
*<
Co.,
$6
30c
6-
30c
0
12-
-
4-
:
50c
.
$1V*
3-
6-10
3-25
9-10
8-24
50c
12-10
preferred
3^ 3
Kroger
4-
$3
Container
National
$1'A
4-1
4-1
3-14
3-16
3- 5
Quarterly
Quarterly
V;
6-
1
5-20
9-
1
8-20
9-
1
8-20
;; $7
12-
1
11-20
$5
25C
$i%
12-
1"
'11-20
^
25c
25c
1%'
.Lake
-
>
5%
(quar.)
Oats
National
Linen
I 3-16
2-27
preferred
y
Shirt
Co,
(quar.);___■
(B.); 7%
Inc,
&
preferred
lihwjwti'/.vyii i'mbi
3-13
4-
3-16
'
6
2-28
5-15
r 20c
,
.
t20c
t
t)
V
3- 2
.
62V-.C
•
^ 2,
.
?5c>- .3-16
17V2C
30c
•
4-
.
4-
•
1
1
;
Investors,
Co.
2nd
.
l'*i
)
1
%<
75c
5-
1
4-18
25c
3-16
>2-20
5-
2-14
2-28
4-18
1
8-
2c
4-21
1
7-22
10-30
10-20
15c
3-10
SlVa
3- 2
$13A
3-14
2-27
3- 2
2-18
3-
2-20
25c
2-20
2-13
r
2-10
New
N.
2-28
New York
3-10
j'
2-25
Fund,
$1 '/a
Inc
3-
lie
v____
(quar.)
433Ac
2-10
2-28
Red
Lake
____i
5-30
;
8-31
(quaC".T;;_
Gold
Mines,
1
11-28
11-30
3- 2
2-
25c
3-10
3-1
3-1
6%
3-19
3-3
9- 5
9-
1
Norfolk
6-
1
9-
1
30c
12-5
12-
1
25C
12-
12-
1
4-
1
-
Co.
$1.3114
4-1
3- 2
$i3A ;•
3-31
.
$1%
.?■
25c
■!
25c,
2-13.
4-1
3-14
4-1;;.. 3-14
4"!;1,:> 3-14
$1
t25c
4-
.
3-6
preferred (quar.)__u_:_—
Reclaiming, $4 pref. (quar.).
.$2
Light. 7%
preferr*»d
(quar.)
$13A
....
.
_
$1%
(quar________
:$l.Va
;
50c
...
Extra.
4 Vo
•s
S
preferred
*
$l'/4
$1.27'A 4
—__________
Minneapolis-Honeywell-* Regulator^(quar.)__
-
$1
25c...
B .(quar.)
;
'
..
I
.
$1 "
(.;));)
...
3-
6
3-10
2-28.
$1'A
___.
A
(quar.)
3-25
3-13
50c
5-15
&
.
Gold
Flour
preferred
2-28
3- 5
—
f,
1
subject to
'
4-
1
4-
1
25c
-
.
1
3- 1
2-16
3- 2
2-20
$1
■
'
•
.
$13A
2
2-19
3-
2
2-19
$l'A
>
3-
$i'A
t
Co.
3-
1
20c
2-24
3-10
2-20-
Ltd.-^-'."
|$1V2
3- 2
2-14
7'Ac
1
2-28
2-23
$3c
•;
3-23
2-26
$$l3/4
(irregular)
3- 2
2-16
$l'/a
3- 2
2-
3-
2-20
____-
Ltd.—
Co.,
-3-16
^l'A
'
Service Co.—
1
2-24
',Th
(Wise.)—
Ltd.
3-10
.4- 1
Electric—
:
3-10
3-10 >'
15c
(quar. >_
(quar.)
Mills
2-20
3-19
4-1
is
1-27
3-17
$2'A
(quar.)
3- 3
75c
(niiar.l_;.
2-14
$1
(quar.);_;;__;_;_____.__i;;1
Mines;
3-10
T
2
t$l
;_
Power
Pharmacal
8-
11-
7l7Ac
Co.
1
5-
8-15
11-16
'
35c
___'
(quar.)
Water
States
r
2-14,
4-15,
,
(auar.)
:
v
,v
preferred
(quar.)___
(monthly)..
1;
(mont,hlv)__;_______
(monthly)________________
412Ac
.
'V
.
50c
3-
2
9
2
2-20
58'Ac
3-
2
2-20
t$l3A
;
3-
2
2-14
3-14
3-5
3-20-
3-10
2-28
60c
4334c
3-14
$1'A
"3-14
2-28
2-23
3-1..
Okonite Co.^.6%
$1V2
3- 2
2-11
2-18
Omaha
$t'A
3-16
3-
1834c
3-14
2-28
433Ac--
3-14
2-28
1
-
2-18
3-1
2-18
>
Bank
common
(quar.)j___
(quar.)
;___
-
.__
(quar.Vr;_
particinating preferred (quar.)
Oshkosh B'Gosh, Inc., common
(quar.)_^__
2-20
«t-
,
$2 convertible preferred -(quar.)_
Otis. Elevator
2-20
i-.\lb
Ltd.,
preferred
,7%
2-i R
-;
National
Oneida,
■
.3-10,2-20,
2-28
1
$la/4
3-1
I
5-
2-14
/
.
,
,
2-20
3-
2
Oklahoma Gas & Elec. Co.; 7% pref. (quar.)
'.
'6% preferred (quar4)«'_i.*.r;;r;/.u:;;"_"_;;;^:.".
3* 2,.''
3-10.
3-
$l'A
' '
Ohio .River Sand. 7%. 1st pref._______
^__
Ohio Seamless Tube, common
(irregular)
$1.75 prior preferred (quar )____o___
4-1,; : 3- 6
3-
class
,
Co.___^_
~ 6%
preferred
-.7%'preferred
:
3- 2
4-1
*
•
3-21
3-16,,,.
2-24
(irregular)
Ohio Power.Co., 4'A%
Ohio Public Service—
l;;.; 3-21
.4-1*:
f
Corp
Insurance
preferred
4-1
preferred
7%
.
/Y'/Y
r;*$r'
3-16
3- 2
/_____
Dock—
Ry. Co., common
Co. (stock dividend)
preferred
Ogilvie
50c
5 Va %
'6%
3-14
$lJ/a
2-16
Nu-Enamel CorD..'__i_________;„
O'Brien
50c
87c
,
2-25
$l'A
v
3-16
(Md.)—
Nova Scotia Light & Power Co.,
2-14
preferred_____________
^
.
■;
1
2
♦
$l'A
6%
Norwich
•
.2-26
3- 2*
3- 2
6
43-
60c
;
(quar.)____
Corp.
preferred
3-2
•
2-
___y_____;
(quar.)
held.
Texas
$l'A",
_
A
preferred
River
4-1
pref A (quar.)__;.
Minneapolis Gas Light,' 5Vo pref. .(quax.)^..
$5.10 1st preferred (quar.)
.
.
6,
3- 2
;
$I.27'A
preferred (quar.)
preferred (quar.)
Northwestern Utilities, Ltd., 6% pref.
(quar.)
•
2
2-20
2-
7%
;
3-20
3-13
$I»A,-
«;
'
3-
3-14
3- 2
50c
:______
(quar.)
v
,
Northwestern Public
2
3-19
37'Ac
^
w
2-14
3-
,;
2-10
/
$1'A
;
2-20
3- 2
r'3-10
4 $2- non-cumulative
v.
•
,
81'AC
Corp.—
(quar.)
Coi*p.
prRferred
;; 50c
50c
preferred (quar.)_
$4
3- 2
3-27
;
30c
(quarj_
*
& Western
Northern
2-20
2-20
J50c
Northeastern
3-20
3-20
'
3-1
2
50c
& Gas
Co.
3-10
2-20
3-
$13A
preferred
Mills (irregular)
Mines, Ltd. (interim)
53A%
North
3-20
/
'■"4- T ;1:
vt$2'A
,(irregular)
2-1*.
3-10
f$iy2
(annual)
(quar.)
Payment
approval of SEC_;
North
3-20
4-1
;
r.
;
(irregular)
shares
50
6%
;
preferred
Copper
2
3-31
w
50c
One share of Detroit Edison stock for each
?'
(St.
$i'A
-
North American
2-28
5
preferred
A
Electric
Noranda
5
preferred, (quar.);//;.;^^;-;--.,--.--
3-
$13A
;
Queens Elec. Lt. & Pwr, .Co.—
(J. J.)
9
2-18
2-18
$1%
(quar.)
(reduced)
Hundred
Nonquitt
5
y
2-
f
2
50c
1
6-
preferred;•
2-20
2-28
2
2
50c
6-
3-
Va % ■-
2
3-16
3-
3-
(quarterly)
2-28
9- 5
preferred; (quar.)
2-13
3-
(quarterly)
6-5
25c
2-13
-
25c
A
3- 5
30c
& Co.* common
2
A
25c
(qukr.j
'//'3'3-
Class
25c
Co.
9,
2
Class
-
Noma
%
&
Shares
25c
30c
Trust
2-
3-
47'Ac
Insurance Co.
preferred
Nineteen
2-14
$3c
30c
National* Bank
9
2
$1'A
(irreg.)
/Reduced
2-14
$1%
*
2-
3-
25c
Life
preferred
Niagara
2
$1 Va
;
2-21
2-.
25c
Y.)
$5 conv. preferred (quar.)______:
Niagara Lower Arch Bridge Co., Ltd.—
•;
2-24
^____
7-31,
3-14
3-
$13A
common
6Vo
preferred
Common
8-29
433Ac
Ltd
2-2QT
8-15
25c
(quar.)_
.___,
5-29
155'Ac
-
3- 2
$lVa
V
(s-a)___
(quar.)
Newmont Mining Corp
Newport Electric Corp. (quar.)__
Newport News Shipbuilding & Dry
$ 2-27
;
pref.
Co.
Y. State Elec.
5%
3-16
1;
433Ac
:
Co.
(quar.)
Zinc
non-cumulative
Newberry
2-10
3-
433Ac
;_
Co.;'5 Vo
City Omnibus Corp.
5.10%
5
3- 2
'»
N.
2-27
3-
4- 4
•
__y_^_
(irregular)
Co.,
Common
$5
;
2-25
3-20
75c
Y.
3-15
*3-20
25c
(quar.)^.^---.---
,
2
6oc
(quar.)
2
"
$1»A
(quar.)
preferred
3-20
-
25c
Stores_j._-____^_;____;_;_
Co.
1
(quar.)^___c_____;;i.-_i;^'".
preferred
Milwaukee .Gas
2-16
3-14
1
(quar.)
preferred
World
2
.,3-15
(quar.)
Kaiser
34-
Midland Steel Products Co., common.
3-» 2
-3-14
5-
*
$1>A
7 Vo
Co;,
River
v
;
Power
New
3-16
Midwest Rubber
tr,i2-l8.
I
50c
2
$1
*2-25
3-31
preferred (quar.)______________—
6%
preferred series of 1940. (quar.)___—
$6 junior preferred (quar.
v
3-20
25c
:
3-
3-16
*•'"':Y
Insurance
Jersey
3-31
(quar,)
Machinery
England Tel. & Tel. Co.
6c
Mid^Citv-National-:Bank.of ChicagO-jw^*.^.
Oil_Corp„ $2. convertible, preferred
'..'2-14.
>
2-27
10c
(quar.)__
>
New
$1'A
Midland
-
,$1V4
1 '
25c
;«.L
Co.—
New
preferred
Y 6'/a %
.
4-18/
,
3-17
3-30
$3M»
5
8- 5
11-
(quar.)$l»/2
pref.
(quar.>—~ic—
common
preferred
25c
'
(quar.)
y/ Additional ;____L___-___;_—*
V *2-14..
V3-16
r
3-24
50c
$2«/st
Fire
preferred
7Vo
5-5
3-10
$1%
6%
3-14
2
2-13
4-
2-17
'
'
preferred (quar.
preferred (quar.).-,-;^-^;^-.
preferred (quar.)^._;_______—
Miami
•M-30:"
3-12
2-28
$1
(quar.)__________
New Bedford Cordage Co.,
Class B
:_
;3-13
8-15
(irregular);
Co./6%
preferred
Corp.,
;
;•:
Michigan Consolidated Gas; 6% pref, (quar.)
Michigan..Public SexviCe Cor,' com; (quar.
7% preferred (quar.)__;____^___-__-^—
y -2-24-
5-1 r-
^
'
$l3A
—
_
Neisner Brothers, Inc. (quar.)
New Amsterdam Casualty Co.(N.
;<2-i4
11-14
(quar.
Mickelberjv's Food - Products Co.—,
.3- 2
.
''
.
.
4-15
(s-a)
Neiman-Marcus
1-28
5
3-
- (Initial)
: $1.36'A
Manufacturing Co., 5^. preferred
t$5
Merritt-Chapman. & :Scott Corp.^— .•
v, :;i j;
2-16- '
4- .1
.
"t30c
.
Extra1—
2-28
4-'6
$l'/2
Acceptance Corp. of California—
preferred (quar.);;^!.^-;.^
u_-,
preferred (quar.)-/_;;i;;^_l^_
5y4%
2-26
3-
(quar.>_—v—
i
$2
50c
*
6Vo
'
•'
preferred (quar.)^/,;;;-*;;;;,;;^-^--Mever (HL H.) Packing Co.—
2-24
.3-14
f\
;
3- 2
40c
Extra
Nebraska
.
'
B
r'4.% %
U3-20,*
3-12.
.
.25c
Corp.-—.,
Paper & Type
preferred (s-a):
Union
3- 7
$2 •'•
50c
•
-A.
3-14
»*
,
7Vo
-
u
•
(<; ; ■'
2-28
t25c
Metal Textile Corp.,. $3.25 partic^ pref,(quar.).
Metal & Thermit Corp., .common_;;;;_;;;;__
2-12
...
3-14
f
;;
.
Inc., (ouar.);_;_^__—
& Sons
4-28
V'1'
RR.-Co.* (irregulari__
(quar.):
■Yr 6
2-10*
2-20
1
.
1
-
.
(s-a)
Rubber
/;
2-28
Merrimack
Milling Co., Ltd.,-—(
Lane-Wells -Tor. ?(ouar,V_^;_—___
A.)
:
;2-13-
3-
■
preferred' -(iquar_')^i^.a;_-_;-i;-;i-;
pref. (initial quar.)
Br«ant»
3-25
'
•'
:
preferred
Merck
2-28.-.
4-1
-
2-18
(Irregular).,
Service
National
2*
37V2C
(quar.)_-__;_;__—
'.
6 % preferred (quar.)
_w^_.
5 % preferred <quar.>;;_;;;;;;;_'__i;__i_;
'T;
3- 2
'.-.$1V2
Lamson & Sossmns. $2.50
Lane
3-
r
; Louis),'common
-
3-io.
..
2-10
4-
2c
Co.
preferred
5%
2-17
3-16
$1V2
Field
Mercantile
-2-10
.
3- 2
.
Cox-p. (irregular)
Machines Co.
National
V
2*;2-
2-28
,
.50C
;•:
Superior District-Power Co.-r-
Lang -(John
2-20
2-27;
.
15c
2
•
2c
National
10c
$l'/2
Department
6%
■V;•
.
; 3- 3
preferred
-
i
3-2
Common
-
3-2
6%
.;
3-16
1
3-31
50c
(irreg.).;
3-
3-31
$2;
(interim) —
(quar.v;^——————,
Lake Shore Mines (reduced quar.V__—
i
$i»/2
67o
6
3-i6
"4-1
$iv-j
-rr-i
3-
_1
National
.
,
of the-Woods
:
^5^',Co;,".;6^- preferred (quar.)-;^.i.^
McEwen
5%
*"*
:
2-14:,
1
2-14
<quar.)__
$1»A
-
-preference
5%
L■2-28
3-14.
2-28
3-
2-16.
3-27
National Gas & Electric Corp.
National Gypsum Co., $4V2 conv.
pld. (quar.)
National Lead 7Vo pref. A
Mercantile
•
-2-28
'■
3-20
55c
Elec. Welding
(Del.)—"
$5.50
■;-? 3- 3'.*-•
•3-16
-
•
r
t
2-16
,
2-28
3- 3
*
;
-
common
convertible preferred
National
25c
(P: -H.V
McKenzie
3-17
;
*
Elec.
JC preferred A
i,
2-28
•'
2
2
v,'
-v
'
3-14
25c
first preferred (quar.)__i
Exploration Co-.-_._^;u-:-
7%
preferred (quar.)_:
Mclntyre Porcupine Mines, Ltd.
Mead Corp., com.r_*_i__;
3-10
1
Inc.,
2-1u
1
•
8-10
"
3-
;
2-13-
•
,
(quar.)_f
4-
$l'/4
...
&
Electric
7%
f
11-10
-V 3-
:
;
IOC
.
McClatchy Newspapers, 1% preferred (quar,)
r.'C 1% \ preferred' • (quar;)"-^;y;;_^.s;;_;_;_;;..-
rV- 2-15
3-14.
$i'A ;;
first preferred (quar.)_————
second preferred.-(quar,.):—v
>7%
Lake
1
3-21;
Chicago (quar.)
Foundry Co.—
Alum.
3-2
25C
second
4 V2 %
$4
1, .;;3-i8
2-28
■
:•>
15c
••
(quar.V^^u^l';;^
common
*
5- 9
.,
1
$l,/2
•*
;;
25c
;
:_
&
«fe
(R. H.)
May
May,
2
3-24
?r
30c
(quar.)__——til'
partic.- preferred A (qu&r.)
& Baking,
1
Land
Massachusetts
2-23
;
3-20
-
25c
Mills
Grocery
1
4-
Bank of
&
Brush Co.
National City Lines,
Class
A
(quar.)
2-10
Cement
Manufacturing ASsociates_______;;_
Masonite
3
-3-
Bronze
National
ui 5-20
6%
2
"
:
2-13,
(quar.)
Co., common
(quar.)
30c
1
Marshall
2
3-
3-
3- 2
30c
Irregular:
11-24
#•- J25c
6-
Maryland Fund.
,,
;
2-26
V
3-10
60c
.
i
(quar.)^__-__________
Co., Ltd., class* A (quar.)
Quarterly*
Quarterly
.
v:
30c
Kresge. <S. S.) Co. (quar.U—————
Kress (S.-H.) & Company; common;;.;;;^" tfc 40c
h:
i5c,; 6% special preferred (quar.)^;;_—
i
50c
-
$l'/4
Manhattan
3-10 ;; 2-28
Kobacker Stores,- 7"A -preferred (quar.)—
'
2-24
2-20
5%
(initial)
Kinney Mfg. Co., $6 non-cum. pref.
Klein
(D, Emil) Co—i—
1
7%
National
2-20
"•Manischewitz
3-18
;;
9-1'
..
25c
75C
Corp.—"
Copper Corp.
.* 3-
3-10
$l3A >;
Inc.-
3-
3-16
■
H 6%'
*
;, 3-20
; 3-16
:.V:
25c;
Special
——-—-—•*———»»•
Kentucky^ Utilities,-1% junior pref. (quar.) ~ ■,87V2c
Af
t5c
jCerr-Addison Gold Mines. Ttri. firreeular)—'
35c
K't Keystone,Steel- & Wire Co./(irregular);;;—'
kev West Electric,-7% preferred A—
•
3-10
2
Maiiory
3-31. /,
75c
t
k: Kiiburn
'
a
3-13
35c
'
-*
50c
3-16
$1
25c
(irregular)
Biscuit
National Boulevard
8-24
11-24
Power & paper CO_,__-_;,;___^_lu_
2-24
30c
—
convertible "preferred
Kendall
Kennecott
•
$2.20
3-25
9-10
50c
&■ Nashville
■
3-10? "
5
(quar.)—1_————-
Keith-Albee-Orpheum
■
National
2
Magnin (I.)
1
3-
(quar.)——
(quar.)——
pref.-(quar-.)i.i_j,^_>U
Kaufmann 'Department Stores, Inc.— •
-V,'^
5?* conv, preference (quar.)^-r.:^——u
.
2-24
6-10
Y3- 2
" $2
2-14
1
"
•
f$3'A
V
"
Class; A jquar,^.- - :-7^-
.
2,
50c
—
Automatics,
,
4-
$13A
Katz Drug Co.y $4.50
-
.
3-10
12-10
3-20
3
•;! 75c
convertible preferred
National Bearing Metals—
17c
3-23
1
(initial)———
Joy Mfg. Co. i quar.);_'_L_^_^.—■Kalamazoo Vegetable Parchment-(irregular)-
-
3-14
$1.10
(qu5r.)ii_;_i^_-
Louisvil^
2
4-
Johns-Manville Corp., common—
T
1
$1.10
Magma Copper Co;
2- 9
2-13;
3-
$1
a 4 7'/p preferred (quar.)_—
-
4-
$1.10
—
2-15
3-30
.
6Vo convertible preferred (quar.)
National Battery Co.—
■ '
•
Common
MacLaren
.3-15
,3-31
..
30c,
Co.
•
4-15
50c
preferred (s-a)
Jewel
•'••••
2-11!
3-
'
60c
—
;
3-
:
$1'A
(quar.)
(quar.),*
Irving Air Chute (quar.)__;———
Jaeger Machine Co. (irregular)
Jantzen Knitting Mills, cV* *
5%
preferred (quar.)—
Jefferson Lake Sulphur Co., Inc.—
>,*:
6- 5
2-11
2-28
3-
Master
Quarterly—_1__———
•
6-20
2-28
$1
3- 3
12'Ac
50C
:
3-
lc
(quar.)
Corp
35c
25c
Macy
2-28
3-26
i
$134
Quarterly:
;
Nash
Kelvinator
2
lc
Nashawena Mills (irregular)
National Automotive Fibres-—
$l»/4
'
1:2-28
,
4-10
:
25C
Hosiery Mills
Corp. of Phila.
Co.
:
"A-
$1'A
(quar.)
•
Telegraph
;Quarterly 1^.—:
'
2-20
2-
25c
2-20
81V4c
3-16
I
3-
3-10
50c
(quar.)
1:
9
2-16
50c
1
.
...
"2-28
9
——
Iron Fireman Mfg.
•
.
pref.
.
2-14
y.W
;
4-
t25c
Participating
8'A
3-
(quar.)
Portland
(quar.)
preferred
2
3-16
2-28
f
(quar.)
50c
1
Ludlow
2-28
;
3- 9
-3-
50c
Ocean
Interstate
*
6V2V0
3-
25c
Muskegon Piston Ring
Nanaimo-Duncan Utilities,-Ltd.—
;
2-24
3- 2
$2'/2
Class B
of Canada, Ltd.—
Safety Razor class A
Interstate
,
50c
.
-
3- 2
Co.,
Co.
II
V
2-28
:
20c
$1%
I
2-11
2
50c
International Silver Co., com. (irreg.)
VU preferred (quar),:-—..-,:
-
V
.
2-16
.
3-20
$1
:
——
tquar.)
3-
;
(irreg.)
Co._______—
pref.
(quar.)
International
1
$l3/4
(quar.
Chain
Louisville Gas
2-11"
3- 2 S;
$1
—
Corp.
International
/
;.T.
B
Louisiana
:3-12
-
3-2
—_
International Nickel Co.
-
2-24
guaranteed
;
2-20 j.
2
-
87'/2C
"
Mach.
2
2-20
;
3-10
$0.0216 V
Co."——
Cigar Machinery
International
t
2-28
3- 2
9
$l'/2
-
Manufacturing__.,_^-.
A
K
3-16
6c
15c
(quar.)
Lord & Taylor, 6%
2 >
" ::" " :, ' "
(irreg.)
preferred (S-a)
Business
International
■'
3-12
30c
participating preferred (quar.)
Participating i
'5% ' participating-.preferred, (quar.)
■r:""
Participating
v
2-
♦4-1
class A—
shares),
International
i
2-14
2-14
50c
.
—
Securities,
group
Class B
,
.
37j/2c
class
2-28
9
2-16
.
Muskogee Co., 6% preferred (quar.)
Muskegon Motor Specialties-—
$2
3-16
55-
3- 2
V
—
(irregular)
Corp., $7 preferred__________
Ohio
2-28
;:
f;
3-18
25c
---
(quar.)—
Inter-Ocean Securities Corp., com.
.r-
:
11-
Murray
i
5-9
-
3-28
.
3-
(reduced quar.)-_-
Corp. of -Lynn
Inter-Ocean Reinsurance
;
7-25
2-28
•
2-28 K
^
i 10c
•
——
:
1
1
35c
(quar.)____
Works
6-
■
2-28
Co.
C.)
l v
3-16
(quar.)
•.
Brass
(G.
10-26
I 5%
v^ .v
7Vz%'C-
7%: preferred (quar.)—_i——_—
Ingersoll-Rand Co. -. _____—v~:
.
•8-
5participatingtjii'eferred fquar;):
yvi■
Mfg.
Water
-
Co., common
participating' preferred <quar.)_ii;__v
5%
-
Mullins
1
vf'; TPartijJating
*
U 2-11 "
.
3-17
$1'A'
(quar.)
Britain
3-
2
3-10
3-12
Extra
2
Mueller
3-12
(quar.)
-
Corp.
2-10
1
$31 Vic
Mining <fe Develop. Co. (extra)
2-10
Murphy
-
2-20
6-
t$l3A'.:
(quar.)
Quarterly
3- 2
25c
(irregular)
guaranteed
Longhorn
3-
6%
com.
capital
Steel
.3-21
4-
.
Class
Locke
3-21
3-31 %
1
37'Ac
•
\
3-31
Mt. Diablo Oil
2-10
Muncie
(quar.)_i__L
Loblaw Grocerterias
i 3-21.
3-31
$l3/4
2-
"$1
Original capital (quar.)y_-_-_
Siiecial-guaranteed (quar,)__-___^;___;__
special; guaranteed •:(qUar.);;;;j.c-_Special
;.r
3-
3-2
4-25
7
6-
$$1
Corp.___
$1
30c
(quar.)___
common
partic. preferred
Motor Wheel
87'/2c
(quay.)-
Towing, 7%
2-20
(quar.)_e___
(auar.)__j,;^/,T:. ;,y
Co.,
Ltd.,
3-10
Miami-RR. Co.—
Original
:
3-18.V ; 3- 6
$1'A
'
.
———
Match
Cottons,
15c
2
1
3- 2
'
$2
Participating
Morgan (J. P.) & Co.__
30c
preferred
(s-a)
Motor Finance
(Ft.- Wayne)•
common
preferred C
3- 3
)-
50c
$2'A
2-23
1
(quar.)__
common
$2y4
3-14
4-1
3- 2
(s-a)
2-28
5-
3-
(s-a)
25c
(quar.);cc_^u:_-_;__
preferred
Co.,
Moran
2
2
2-20
4-
A
Montreal
3-
87J/2c
(quar.)_
B
14c
l—-.zzZ-S11Z~Z-"
Service Corp.,
Chemical
2-11
v
2-27
-3-16-
3- 2
preferred
3- 2
30c
3- 9
50c
343Ac
7%
preferred
(quar.)
Montreal Loan & Mtge. Co.
2
3-20
px-eferred
3-
40c
1
rr' $1 Mrr
(quar.)__
2-20
'
4-
$1
3-13
'
3-20
3-20
;
3-15
V
1
1
$4.50
3-14
2-27
44-
Society—
'
(quar.)'
6
20c
$4.50
4
■
common
3-
.
25c
(Mass.)
$1%
(quar.)
2-16
(quar.)__
Inc
Co.
35c
$13A
i Original capital
•
%
2-14
2
Tool
preferred
Monsanto
2-20
4-1
Mills,
Ins.
50c
(irregular)________
Ins. CO.
Original capital
-
3-20
'
:
•
3-5
$1
Service
Little
2-10 >
J
9
-
Special
62'Ac
(quar.)—__
2-
,*
*
Liquid Carbonic Corp. (quar
2-16
2 ;
1
....
2-16
3-
$1V*'. ,Y
25c
Industrial Bank -(Hartford)
'
•
Glass
Life
Corp.
Extra.'
■
5,
2
3-
25c
'
Lionel
Y
3-14
2-13
3-
45c
$l'/8
$4
preferred
Myers Tobacco,
Natl;
6'/2%
1
7. *;
3- 2;
83Ac
9
(quar.)
participating preferred (quar.)
Stores, common (quar.
Lion
;3-13'
•.
5V2V0
2-
Corp.'of Texas, $5. pref, (s-a)
Link Belt Co,,
common'.(quar.)
2-16
2-28
&
7%• preferred
4-10 •••>♦.3-31
450c
Indianapolis Pub; Welfare-Ln. Assn. (quar.)
Indianapolis Water Co., class A common;*—,
: 8%
preferred A (quar.)^r——___u_>_
•.•v
-
Water Co.; 7%
prior
Linen
"
1;
3-
2-15
1
preferred
6%
;
2-14
3- 2
;;
2
3-
Lincoln
7 .;
3-
•
_,
Packing,
Bonus
<
;
3■-
Monroe
3-
50c
preferred (quar.)
Mercantile Co, (quar.)
D.)
2-18
t20c
(quar.)____
common
convertible
(H.
1%
"
4-14
1
'.'4-
30c
Independent Pneumatic Tool Co.,—:_——
Indiana Gas & Chemical Corpi^^il^^LXa"":
t
,
Loan
Lincoln
y
; 6-15
1
4-
$1'A
interim)
i
Brothers
Amer.
i.jt'
:
2-28
Candy Shops, Ltd.
(R. G.), Inc.,
.
i
•
7.
37'Ac
'■
—
Imperial Tobacco Co. of
Ireland, Ltd.— -•«
.
;
"
—
participating preferred
Co. (N. Y.)—
*
•
"Illinois Munic.
>
25c
Secord
Tourneau
Extra
-
pref. (quar.)—" i4 t30c
Huntington Water Corp., 7% pref. (quar.).^ ■:;;$l3A
£. 6% preferred (quar.)—
Y Si 'A
Hussmann-Ligonier 5%% con v.,-pref. (quar.)•
683Ac
Illinois Iowa Power 5% conv. pref./i_"______
t80c
-
.
Chemical Co. $3.50 pref.
Mtia
.
-
50C
25c
—
Co—
second preferred
Hunt
r
Monroe
3-17
4-24
Orleans)——
Humble Oil & Refining Co
"
.
2
C.)
preferred
1 Class
,
12-
Machine
Extra
2-23
*•"-'
Bank
Howes Brothers, 6%* preferred (quar.)
IVo: first preferred ' (quar.)—
:
12-11
'J.
2-18
(monthly)'
HoudailleiHershey Corp., class A
M. i
J50c
& Hardart
5%
.
Ltd.
second
Horn
.
(accum.).
Lincoln
2-18
$1.06'A
: (quar.
Co., 7% non-cumulative p,.or
participating preferred "(quar.).——_
6%
convertible
preference
2
3-
t$2'/2
$1%
Machine
Monotype
2-14
3-
$l'/4
"
(quar.)
Life
.1%
2-28
*
2
v
preferred
Caipet
3- 2
3-18
3-18
2-28
1
10c
Mohawk
;
6
3-
:
Containers, Ltd., common
Monarch
•3-11
of Rec.
...
4-
Extra
Monarch
Class B
2
3-
B_
preferred
(A.
3-16
-
75c
Paper Co., common——
Electrochemical
6%
Horn
6-17
(quar.)___T
2
Liggett
2-14
10-20 •; •10-
25c
Y>-
$5" preferred (quari)__\i—'
Hires (Chas. E.) Co. (quar.)__—__—
Hobart Mfg. Co., class A (quar. )__■_"
Holeproof Hosiery Co., 6%% pref. (quar;)—';
Home Fire & Marine Ins. Cor (Calif.) (quar.)
Dew,
3-
Judson,
Holdert
.1
4- 1
.
$l'/2
(irreg.)
Voehringer Co., Inc
2
'
>
y.; 2-28
- :V 6-13
3-16
*
&
>
3-16 ~S\
..
' $2
/
.
Bartlett'& Co.
Hibernia"National
■-'■■V'
;
25c
2-20
15c
Spencer,
Monthly
Honey
25c
■if
Corp._^L__—^____—
Hibbard,
Hooker
3-15
(irregular)—:
Heywood-Wakefield Co.,~5%
,
i
Modern
5
J50c
Liberty Finance Co;—
3-14
•
-•
Mock,
5
12-
5V2%
V,-:1- Participating preferred (quar.>.
Life & Casualty Ins'. Co. of Tenn;
(quar.);-;
Life Savers Corp; "(quari);-;;;..
-/;.-.^;;;.."
2-14 Si
2
3-
4-1
5
9-
12-15
preferred
9-
Libby-Owens-Ford
..
6
2-16
3^ 2
75c
Heyden Chemical Corp., common——_x^_—.
4'A % preferred A (quar.)___
:___
Hinde
2'v%
3-
t$18
Brewing Co:_-__L______,
Manufacturing Co.
Irregular-——
i
Hewitt
s
2-13
4-
6-
9-15
$1%
_
& Co., Ltd.
6-
Lexington
2-14
2 U
>$l'A'-';
(quar.)_l^__________
Hettrick
4
r; $l'/a
(quar.),
Mining Co/'(irregular)_;:
'
2
.4-20
-
6-15
$1%
Lehn & Fink Products
Corp. _
Leslie Salt Co. (reduced) _^____
2-20
13- 5
3-
;;; $i'A
(J. S.)
$1%
:____
Lehigh Portland Cement—
4% preferred (quar.)
2-20
3-
•:
$1'A
37'Ac
common,
Utilities, 5Vo
Mitchell
6-11
'
Refractories
Missouri
5
9-11
$4.50
2-14
1
5
3-
t50c
5
3-12
3-
11-
3-15
,
,
$1%
t50c
Lee
3- 1
•
11-16
$1%
Pay'ble
(quar.)
(accum.).
Laura
2-14
3-1
r*-; 25c
Hart-Carter, $2 convertible pref. (quar.)__
Hawley Pulp & Paper, $6 second preferred—
Glass Co. (quar.)__^
"v,
3-
25c
(quar.)_/__^____;__
preferred A
(accum.).
Le
1
;.3- .1 .;
•
7%
(accum.).
Lanston
2-13
2 /
3-20
87'AC
preferred
Hazeltine
.;
25c
common
Hazel-Atlas
":?%
2-27
3-16
50c
(quar.),.:
:
:'l Harshaw Chemical. 4%% preferred
■
*
4-
8-5
5
convertible preference
7%
2-27
50c
(quar.)
(quar.
Harbison-Walker
Mississippi Valley Public Service,. common_„
6% preferred B (quar.)
When
Share
of Company
convertible preference
convertible preference
3-21
25c
8-15
Name
1%
3-16
3-
5-
J
\
; 7%
4- X
$i'/a
it?
Hanna
YA;
17o
25c
(quar.)
preferred (quar.)
(M. A.) Co., common________
preferred (quar.)
7%
*
$250
.___
(Cal.), class A
per
'
of Rec.
5-lJ>
'
25c
Quarterly
Quarterly _______
Quarterly
Langley's, Ltd.—
;
.
2-16
25c
25c
,
2-27
2-27
;$iya
j
:
',1-10.
HOc
(quar.)';—
Hanley (James) Co.
-
1
3-16
2
___
Class
j
7-
3-
Company,
;
__i.
Bridge. Cd.,
.Hamilton Watch Co. (irregular)
6%
preferred (quar.)
Hammermill Paper Co.,
common___
-
Holdert
Payable
'
_L________
Quarterly .
7%
preferred
1-10
3-16
(quar.)___;
(quar.) (reduced)
preferred
When
Share
Quarterly
3-16
1
*':$1'A
(quar.)____
Hamilton
Hancock Oil Co.
1
4-
$1'A
(quar.)__
Stores
Mines, Ltd.
4-
$l3/8
preferred
Haloid
4'A%
3-10
25C
*
:
Quarterly
3-16
25c
Utilities, $6
preferred (quar.
Company
885
'
4-1*
31'Ac-
(Dallas, Texas)
States
$5.50
2-14
3-31
*
12'Ac
Additional ,
Gulf
1
'
Insurance Co.
Name of
^
3-
$50-
,,
common
Per
"■
of Rec."
34 %c
preferred (quar.)____
Gulf
Pay'ble
Landis Machine Co.—
Group No. 1 Oil Corp.__..
Gruen Watch Co.
Holdert
When
y,
1
.
6%
!•.,« >
Co.,
preferred
v-
'
.
:^_i_
'
-.10c
50c
"3-
2
3-
2
*'
;
a..*
2-20-
2-20
,3-90
$1'A
(quar.)
../•
,
20c
common
'3-20
.»
6
2-24
2-24
<
'
v
■ •
'J
il
Per
-
When
Holderi
Pay'ble
of Ree.
Per
Name
Otis
Share
of Company
—
Steel Co.y $5.50 ,conv:* -first
Ottawa
Light,
Common
&
Heat
preferred;;;-Ltd.—
"
Power,
$15c
4-
1
2-10
$iy4'
(quar.)
preferred (quar. I
Oxford
Paper Co., $5 preference
4-
1
2-10
3-
1
2-14
50c
3-
2
2-20
(irregular)
;
Panhandle Producing & Refining (initial)
Paraffine Companies, Inc., common (quar.)_
Package. Machinery
Co.
4%
preferred (quar.)
Park & T.lford, 6%> convert, pfd.
Parker
Appliance Co. (quar.)__
Parker
Co.
Pen
Rust Proof
Co.
Parker-Woiverine
M.nes
2-10
3-20
3; 5
&
'4
preferred
(quar.)—.
Patterson-Sargent
Co.
—x_
2-28
St,
2-20
3-
5
2-23
Co., 6% preferred (quar.)
$172 ;
3Savage Arms Corp. (irregularis
50c
3Savannah Elec. & Pow. Co., 67c pref. (-s-a)
7
$3
4.7 6727c
debenture D (quar.)
—-_7.7:,41%-:.-i4?:
debenture C (quar,f
- $1%
•
• 4-.
3-10"
3-16
3-
2-28
t75c
2-14.
3
Mfg.
Salt
Pennsylvania
Co.
3-13
t$2
4-fv
—
2-27
3-14
$2;
$7
preferred
Inc. -(quar.)
Drug
Pennies
Nat'l Bank of Wash.
Water
&
Stove
Perfection
40c
2-28
37%c
3-31
3-20
25c
3-28
3-
Second Standard
t2c
3-
2
$1%
3-
1
40c
3-10
2-25
4;. 25c
3-
2
2-10
$1%
4-
1
3-
$xy4;
4-
1
3- 2
Corp.
preference (quar.)
—;~
•"
$5 preference (quar.)
Philadelphia Germantown & Norristown RR.
Petroleum Co.
(quar.)
Additional
Gold
Pioneer
i■
Tool
Plomb
Common
6%
——
Inc.
(increased)
5%
Co.,
5%
Common
•
Ltd.
(quar.)
4
'
50c
7%
S5
67c
'
67c
7%
:
2
2
3-14
3-, 2
15c
2-28
2-14
(irregular)--:
:
•
$iy4
4-15
$iy4
<
4,$1%
(quar.)__
of Colorado—
:
i
- :
Spencer Kellogg & Sons
2
2-20
1
2-14
2-28
3-16
2-28.
;_v'
--x
2
3-31'
30c
3-
2-13
; $2
$1%
3-16
3-16
3-16
2-13
50c
4-15
,
— ;
4
4
3-31
3-31
$iy4
,
3-13
4-
,-X—
common
( QU 8 r )
,
_
^ — m- rV—' "-f'—^
u. ./y
~1%
Reed-Prentice Corp..
;
Ltd.—
non-cumulative preferred
2-27.
.
Participating
2-27
3- 6
4-
1
3-
6
2-27
3-16
2
2-24
3-12
■
50c
2-19
4-
1
83,4c
4-
1
3-16
87%c
4-
1
Ltd..
J40c
(quar.)__
,
RCf.
6-1
t40c
—
67,% pref. (accum.)
Co., common
(quar.)
—
9-
1
1
11-16
3-14
t$l5/e
$1%
r
(OUT.)
Patrolaum
Steel
fit
conv.
6%
Co..
Corp.
preferred
3c
com
50c
common
(quar.)
pri"" n'-^fer^nce A (ouar.)
Manuf"rturing' Co.. (ouar.)__
preferred (quar.)
2-28
1
4-20.
4-
1
3-21
conv.
'
7%
S.
U.
U.
S.
S.
U.
4; "7
"
447
4;;
<
*
Minine
4-15
.ounchirip
4-15,
Super'or, .Tool &
,*!
Co.
i.___
t'
20c f
50c >
;
•,
-
*
V-44 77
Swan
9
9,
_
Finch .O'l
Corp.,
Swift & Co.-(quar.)
sn«r(«l'
3-16
3-
$1%
3-31
3-16
\.,25c
•:
(quar.)—_
•t$l3/4
com._
(quar.)
3-16
Syracuse
Transit
Corp.
;
,
2-16
3- 2
2
2-
1
2-13
3-
1
2-13
4 3-
2
4-
1
,
'
2-10
:
3-. 6
3-24
3- 4
'
75c
3-3
2-20
..
•■
3-
3
2
!
3- 2 '
Pacific
Insurance Co.
—
_:
42- 6
3-20
3-
3-31
2-27
3-31
15c
2-27
58 'Ac
3-
2
58 y3 C
4
4-
5
4-
S.
3-204
4
4-
,
3-
Pipe & Foundry Co.
(quar.)
3-
2
2
4
3-
2
convertible
,2-28
2-26
3-
3-16
20c
4-
50C
>
3-20
——
2-28*
5-29*
6-20
50c
9-19
8-31*
12-19
iX 11-30*
4
:
50c
4
1
4-
50c
4-
.
1
3-16.;,
',3-16
.
Printing & Lithograph Co.—
(
2-28
.2-14
.4'f
4- 1
t$l
preferred A———7x_l—_
T;44;- : - $1, 4 3-20
U. S. Steel Corp., common—1I7-7—7s——
United States Sugar Corp.— 4 : 44 ;' : 47 ',
3-10
7 Common
15c.r
(increased quar.)7xl__——1
V. 6.4%- participating- preferrcd ^tincreased) •4"4: 40c' < ?. 3-10
3-ia
convertible
Extra-
/
7
:.44$5
U. S.
•
4
.:-i.$lV4
77^777-7--_4_7-7'_'7-r77-7_77-:J77;
4
2,-20.
■
7:
•
4quar.)
'
Knitting
Co.,
5%
prior
pref.
>
4
•42-14;.
3- 2
w
•j. 2-16..
(quar.)
7_x£x_x7_7_77—7—7_—7
62%c
'
40c
Raalte
Co.,
1
710-
tr
•4
>3-21
6-20'
1
14 •9-20
12-21
x
3- 2
3-
3- 2
% 3+ 2
,4
1-1-43
50c " 4
50c
1
4-
■"<
1
4-
2-20
2
2-20
3- 2
>■
2-20
3-16
$13/.
Works_—__-—_x_
Iron
Van Norman Machine Tool Co'._XX—x__x
■
4-
62yac
>
3-10*
3-20 4
•;
>:
62%c
Dorn
2
3- 2
62%C
%
Van
2
3-
25c
x——
Valley Mould & Iron Corp. /x_2x"x'ii-7_x__x--'$5.50 prior preference (quar.)
-
3-
3-16
<3-16
Quarterly ;! xX_^—7___x_X—i_x_X——x_7
4 Quarterly
7_xxx—2xix_x7—„„^_x
Utilities Stock* & Bond Corp. (s-a)xt—x7X2-
Quarterly
.-.7- 2*
32C
i3c •
Ltd.—-—.
7x7xx_x 44;
20c
Upson-Walton Co.>- (quar.)_x_x—xx—:x—77Utah Power & Light Co., $7- preferred——x- 4:' t$l3/4
t$l%
$6 preferred —v.——
.x7
Utica
2-27
i."4- 2*
7-15
Upper Canada /Mines,
4
2-27
: 2-27
V
43 %C
'
44
(quar.)"_:XX— r*
non-cumulative preferred
3-10
X
4-15
Tobacco Co., common (quar.)
Universal. Insurance -Co.
i5c
;
preferred
preferred '(quar.);:—47_i'_^———:
r7%
2
3-10.
1
■:
•!;. 44
;'4
preferred .'(quar.)— 7—x 4.4 37%c
Plywood Corp.—
2-26 *
;
3-
t$i3/4
2
2-20
2-28
$3%
?
3-17
1
$2
:
3-17
3-27
4
15c
(s-a)
,
preferred (s-a)
—
Graphite Co. (irregular)
Leather Co., 7%
prior preferred—
S.
2-16
v/ 3-16
1
3-27
$iy2
(Del.)
3-18
1
4 4-10
$2'/2
t$iy2
>
$5-,
common
2-16
3-2
.4".. $1
$6 preferred
3-16
4-
50c
(quar.).
4
3- 2
50C
4
7—;
2-18
1
53c
53c
——
Publishers, Inc.
&
Envelope Co.,
6%
4r; /
V 3- 5.
3-
2
25c
-
3-20
3-10'
50c
l_
common—
x
,4
1st preferred
7%
3- 2
2-1*8
$1% 4
(quar.)—
Steel
Vanadium-Alloys
Co
4;.
.y3,-3.1
'
2-28
7 3-28 .7.7 24
2-13
3- 2
;
3- 2
'4.7v-"-, $ 1 -vi
—^—
2-18*
2-13
$1%
3-10
3-
2
$1%
6-10
6-
1
$1%
preferred
7% preferred (quar.)„x_77x__———x7xx 44 $1%
50c
*4;5-Common
—x__x'„x__„—_
tioc
Ventures, Ltd.. (interim):.x.2x77x_2xX—xx_7__
50c
Vick, Chemical Co. .(quar.)—
9-10
9-
12-10
12-
1
3-10
3-
2
3-31
3-10
Vapor
pref. (quar.)
(quar.)— x_77————
(quar.)—2———
Car Heating
preferred
-7%
,
.
3-18
" ;;3-25
3-31 " 73-25
4.- -.1 ;4 3-20
3- 2
.
2-20
4 3-
'V"$l»/4-.
:4 "
7%
Co.,. 7%
—
,
,
3- 2
3-
50c
3-15
3-
1
60c
3-15
3-
1
50c
3-
2
2-18
50c
3-
2
2-18
62 Vz c
3-27
3-17
37%c
5-
1
371/2 c
8-
1
7-18
20c
3-
2
2-13.
4
,
v6%
preferred
preferred
6%
(quar.)x—2—
_77—_x
(quar.)
(quar.)
_x__
*
10c4
,
.
Virginian Railway
Vogt Manufacturing Corp.
Vulcan
7%
.
Detinning
preferred
4
;
—_—
(quar.)—
(Irregular)—^
com,
*
...
4
(qua r.) _—
x_r.
prefr (Initial quar.)
$1V4
Aircraft,
Vultee
Co.,
; $134
3-1
Amulet
Mines,
——
Co.,
common,
—
—
,
Common
(ouar,)
$1
preferred
Wamsutta
—x„.—X__
(quar.)_x__
Mills
Warner
Aircraft
Warner
Bros.
Warner
&
:
Corp.
Pictures,
Swasey Co.
—
(initial)—
Inc.,
$3.85 preferred
—:x—1_2—
2-?a
50c
3-16
3-10
f
2-14
40c
3-20
2-20,
2-28
3-16
$iy8
$1
—_—
3-10
4-10
::
tlOc
—
Ltd. "(interim)_2———
(quar.)—;x
4 4%%
preferred (quar.) XXX-XX—x„
Walker (H.) Gooderham & Worts,. Ltd.:—
Walgreen
4-18
4-20
3iy4c
!
2-16
3-20
'
Waite
2
$1%
.,
—
Wacker-Wells Building Corp.
1
2-16.
*
(Del.), common_x7—'—7—
$2.40 preferred (quar.)_7x_—-7—7—
Virginia Coal & Iron (irregular)—-——
Virginia Fire & Marine Ins. Co. (s-a)___7__
Viking Pump Co.
.
77,75c
4
34 3-
"
3- 5
5- 5
2-24'
3-16
5-15
—
(Initial)
2-26
30C
>
—J
5
2-16
; .
;___
7-—;.—
5-
3-
2
3-
...
75c
V,
50c
Van
5c 4. 2-28
-2-18
—-7.;
,30c 7 3-14
; 2-28
6% pref.r (quar,)__i
; 37'Ac /, '3- 2 '7 2-16
i_77_
~--30c
4-;l
3-2___*• " ?Oc
'4-1 ..-3r 2
«uar;)"-___"_"i_"7
2
25c
50c
,
'4
'
(irregular)
Sutherland Paner Co._
9,
3-
X
3-
3-14
4b. 3-14
50c
U.
"V
______—Al1/^ V 73rt6. 7' .,3- 5.
3-10
3-
Improvement,
2-20
25c
62%c
t
(ouar.V7__—71.
Dfe
3-
1
:
3-31
3-14
t20c
4
Quarterly .__7—__———7_7——
Quarterly r
7—'X_7_l———7.
Quarterly
x__ 44
U. 8. Playing Card Co. (quar.)_7i7-7.7x777- ',4
Extra v—7_
:
7—7_
:_7_'_
—_--T-_7__l77-_;-^-_4"4.7'430c4.;. 4-,.17;..;; 3-20
3-20
1
4,
:
Ltd^7.r4^^t74:■4•9;•i:45
pref. (accumulated)
44-
4-15
(quar.)
prior preferred
i'"; $1750
3- 2
77-7,60c,; .4 3-
.
1
4-
1-31
,
(quar.*475c ;
4- 1 " ■•r 3-20
Sterl'ng Products, Inc. (quar.).95C 44' 3- 2 7:4 2-16*
Storkl'ne .Furniture Corp. (quar.)______77_7;.7yl272C ;424284.4 2-16 '
Strawbridte & Clothier—7,',
4 .
6% nrior preference (ouar.)_____i__——4 $1'/^
3-'1 4.4 2-14
Stromberg-Carlson Tel. Mfg7 Co.—"
". • ,;-'7
4 ;7 -•>., > :
-4
614'%
.nreferr^d. (quar.)__to^.___^_______
$1%/-. '3- 2 v:.« 2-, 9
Stuart (D. A.) Oil Co., Ltd.—
y4V7,\7>.-7" ,
Cass A oartlcioating preferred (ouar,)___7 - ;;4t20c
v: 3- 217 72-16Stidbury Basin Mines, Ltd.' (interim)__>77'7'7;7' 427-c,'7:; 3-31 >' 3-12.
S"llivan Consolidated Mines, Ltd. ,(irreg.);_^'7;7'4;v'$3c^v,j3T,16;'47:;',$-18i,
Run. Oil Co.. (auor.l.
:—7-?5c_~-.: 3-16 4 2-25
fiunrav OU Corn. 57a%. conv. pref. .(quar.)_'_
68%c;:_; "4-:;l
3-13-
1
$1%
—
5
3-2
:
convertible preferred'
5-
2
5
3-
.4;.4$i34
(quar.)
7
t$2y4
$7 preferred——.'—,,——'
$1%
pfd. (quar.)
Printers
S.
U.
3-10^^^; 2-21
74.' $!.ty 4/43-14
Corp., common...
Extra
5.
$1%
co"".
Rich's, Inc., 6 72 7c
Gas
7-21
3-
Corp.,
preferred
'
1
'
(irregular) 777_777_7_—_777i77_7
Gas
4x4 Special.
J.)
& Materials,
Rimset Oils. Lt,d.__—
Fund—
15c
Renubl'c
.
5-
25c
15c
nre^ToH R
<N.
8-
3-15
—
pref.
$3
.
8-15
12-
—
8-15
11-15
.
5-15
,
J40c
preferred A (ouar.)
Republic
•;
2-16
3- 2
.
(quar.)
11-10
«l3/4
(quar.)
Corp.,
preferred
.
Manufactur'ng
Republic Investors
-.
5% partic, preferred (quar.)-4'- $1747;:
'Brother?, Ltd., common (quar.)_ii.474.i:15c4,v
6%
3-16
.7
pref.
Ltd.
9
8-10'
11-14
3-15
prior preferred
U.
3-16 4< 3- 93- 3 '.- 3-20 ;
_V./J '"v 4^""
v
Stedman
3-16
4 12 %C
t40c
F%
;
2-13
3- 6
3-
<
'7 Standard Wholesale Phos. & Acid Wks., -Inc.—.
>" '47 r7:
___? ..7 ". Art(
3-14
Quarterly
Starrett (L. S.) Co. 'arreg.)4_____777_——474;:;:.50c -,> 3-30
Stearns (Frederick) & Co,,: common7-7-,i47J7 *,4,; 25c •> 43-31
f
1
■^i50c;7
Standard Stoker Co.___
4
''
Paving
Standard Silica
2
4-
Inc.,
5-
8-15
16%C
>
(quar.)—
Power & Light,
of
2-16
2-
^
(Kansas)___i
2
3-16
t$4
,
——rt——
nreferred
Standard
-
1,4 4 3-10.
2-28
25c
—i———
Rebance. r-ra'n.
,
3-10
1
Co.
United
7
24. ,2-18
Kentucky (quar.)__:-j.^-;_^^-<,. ;v: 25c,-v, 3-16
2-27
Standard Oil Co. (Ohio), common (quar.)
3TVzC - - 3-14
3- 2
' 5% preferred (quar.)
44 SlTiTc^^-lS^4-^3-31/
O'l
3-
37 %c
preferred (quar.)__
©uarterlv
O'l. Co,
Oil
Standard
Mdls,
Knitting
Standard
Co,
4f
$iy4
preferred B' (quar.)__i—————XX—
4
Raybestos-Manhattan, Inc.—
Rayon'er^ Inc. ——
XX/'
Real STk Hosiery Mills, Inc.—
77c
preferred
;
-—
Reading Co., 4% non-cum, 1st pref. (quar.)
7%
>
3-6.
3-16
Car
Extra
(quar.)___^77 ^7 4 40c
•
Canada,
United
fquar.)40ckf;43-»22.-17 '
(quar.)
V- 750/4,^ .4-23-.<4:/4-16
(Calit.)* (increaseu>i^^>:7V3bc.;
3.-167 ; 72-1 o .
(Indiana)
(quar.)___^_77\c*vv.25cv'>:-3rl6.vAt:r2-14.'^
Co.
2-21
5-15
$iy2
Shares, series B——
(quar.)— 7
Chemicals,
United
?ie^;:777.i.7vr7r. 477«-.;7v
7 3- 2 7
2-16
Corp., $1 pref.-;-:'*'„4tl0c4,';. 3-20 ,77 3-10
Dredging Corp.—
Fire Ins.
2-26
3-
$1%
prior preferred
$1.60 -convertible .preferred
Standard : Oil.
3- 6
r
.
Products
2-20
7
3- 2
$5
■
;
Standard
Standard
$5
Drug Co.,
Coated
Standard
Standard
2-13-
Electric & Gas—
'
Reb'ance
•
2-13
50c
——,
3-16
$iy4
.?
'
'
•(quar^7_-7^£>7'*;'/$i^'!»:-;-,3-Tl6i.4 ; 2-20.
Brands, $4.50 pref.
Seal—
convertible preferred
Standard..Cap &
43- 2
■
(quar.)___.
Standard
■
2-20"
25c
...
(A. E.)
74 $1.60
3- 2
25c
7%
2
3-
2-20
'
:
(monthly),
(monthly) ,7—7^5.
(monthly)
6.36% prior preferred (monthly) —__77—
6%
prior preferred (quar.)
6%
prior preferred (quar.)
United New Jersey RR. & Canal Co. (quar.)
Mfg. Co. $5 pref. (quar.)-_4L4^$1^74'i^3-2Q>->!3-10
Standard.. Accident Ins. Co;---,(Detroit)ti.^2fV'->-.'<••62%c>(;-'.i- 3-.'.5.;4 4 2-23.
Staley
.
of
2-10
3- 2>
Aircraft
6.36%
3-';
9
3-14
■
____■
Spiegel, Inc.—.
.
,
-r,
V $4.50 convertible preferred (quar.)
:
2-14
3-16
Inc.
Quarterly
•
2-20
3-1:
$5
'
3-
4 -25c
<quar.)_x—X—-X_XX______
4 $1%
Pure Oil Co.,-57c preferred (quar.)———
$1%.
6% preferred (quar.)—X——
,4. 25c
Purity Bakeries Corp, (irregular)—
—
$1%
Quaker Oats Co., 6%' preferred (quar.)
' 25c
Quaker State Oil Refining Corp.——xX—X-- 4
Radm Corp.
of America
87%c
$3.50 1st convertible preferred (quar.)—*
$1.60
2-20:
2 %
4 3-12
25c
-1__'„
Co., Ltd.,
7%
preferred
second
$5.50
.
25c
7%
-
tllk
Spear & Co., $5.50 first preferred (quar.)_^w.. ; Sl^a
)
2-25,
United Light & Railways Co.-^-
-(quai:;)^?):4-13k,
Ins. .Co. .(Dallas)
3-
preferred (quar.)—
Recent
Southwestern Life
Sparks-Withington Co.—4v.'4 ,:.yi
•••'» 6% convertible preference (quar.)
Tank
United
:
.
3-,2
:
4
t
Service
^
3-20
3-
V
$1V2
(quar.)—
(quar.)—*—_—;_xx—.
of New Jersey
preferred (quar.)
preferred (quar.)—._—.—
preferred (quar.)
preferred (monthly)
preferred (monthly) =.——
QJaSS
1
<
S5 preferred (quar.)
Reed
2-28
Corp.
Service
Pullman,
2-20
2
4-
V
1-
2-94
3-16
United Gas & Electric Corp., 7%
preferred_'_4_ 44'4t$l 'r443-14' .2-28
(irregular)%,<•;: 30c4;42-28 ',72-14*
Southland Royalty Co.___________
10c 7. 3-16
'3- .2"
Southwest Natural Gas, $6 preferred A____V :'j' t50c •; 4 4- 1
3-20
Southwestern Gas & Elec., 5%. pref. (quar.) 4 V $1744 4- 1
3-14
2-20
_—_
preferred
United
Pipe Line Co.
3-
37»/2C
*:■
2-
3- 2
.
44
Ltd.—
Co.,
;r',.
(irreg.)
Louis)
Trust
^77—^
Co.
Gas
4: 7%
Power,. $7
Colorado
Southern
3-
-
$1%
•:
-
Inc.—
Co.,
Securities
; Cbmmon
4extra)_:_^-__i-_^-___».';'4; 25c, ;,.4-15 ; ,, 3-20
'.4-;-4..' "<
«
y , __7,..4 31%c_.4 3- 2 7 * 2-14
._•
%;• •^772'e';4 •; 3-'"2: ff 2-14 /
Southern
1
v
•-
(quar.)__
1
3-
: :
;4 6%
preferred
preferred
1-
2-20
3-10
15c
■44 $1%
45%
7-
.
•
4 4 ;30c4
Paper
3- 2
IOC
20C
5
2-10
Southern' Caiifornia^Water Co*—-■
•
4-
x7-15
.
& Trust Co.
Original preferred
3-2.
3-14
&
Bag
3-17
3-
2-18
377>C4 3- 2 7 ' 2-20
v 430c s. 3r 2 . '.. 2-20
pref.. (quar.)■,
Advance
2-28
1
4-
2-28
,
2-25
3-14
conv,
3-15
15C
7% preferred
77:77 ■
United Elastic Corp. (irregular) 7———1'_— 4
United Engineering & foundry—
preferred (quar.) ______________—$1%
; 3-,3
2-2L
6preferred (quar.)—
—_
$172 44:3- 3^2-21
$2 convertible preferred (quar.)_______4__^^;;4;'.y 80c ;3-'3
2-21>.
Southern California Edison—
.
I'f.
j
2-19
10c
4'
3-16
50c
3-12
4-1 .4 3-16
i.77 -
74 $1 Vz <
—
75c
$1V4
(quar.)
(St.
Co.
Insurance
United
"
,
94
3-10*
2-13
1
25c
5c ,:. 3-25 r.r. 2-28
50c>
3-." 5 ; 7 2-14
75c, . V 2-28
'.?-J.l.
•
Oil
3-
11%
(final)
American deposit rets, deferred reg.(final) 4.5714%.
50c
Tokheim Oil Tank & Pump Co. (irreg.)__
41 %c
Toledo Edison Co., 5%v preferred
(monthly)
4 50c
: 6%
preferred (monthly)
58 Vbc
7% preferred (monthly)
65c
Toronto Elevators, Ltd;, 5y4%, pfd. (quar.)
$l'/2
Trane Co., $6 first preferred (quar.)__„
25c
Trinity Universal Insurance CO. (Dallas)——
^
Co.,—
Power
3-31
t$l%
7%
American deposits-rets. ord. reg.
42-20;
,
2-
10c
2-25
United Dyewood
7%
2-19
3-
___4
(quar.)
(quar.).
-6 %
3
3-
,
Public
3-
3-17
Lathe Works
Carolina
Southern
.'3-14-
1
70c
50c
(monthly)
—XX_, 4
'(monthly)——_-—x_x— >58y3c
41 %c
(monthly)
——i 25c
Service Co. of Ind.5 common (quar.)?.;
,.4. $iy4
preferred A
(quar.)__
Service Co. of New Hampshire— '
preferred
87c
4-
::
Co., eommon__.—__—y
hj-6% non-cum. pref. (quar.)
2
20c
preferred
preferred
preferred
'preferred
2-16
3-
_________—74
—
first preferred (quar.)_______________*
Greyhound Lines, Inc.,' com.
$6,
.-
2-16-
2
3-16
15c
4
2
,
Common
n
3-
;K$iy4
(quar.)
Service
$5
Corp.
Southeastern
2-16
2-20
3-
$1%
$1%
4
1
2-28
3-
35c
—
Public
$6
Soundview Pulp
3-10
3-31
30c
.
t37y2c
—
Public
Sonotone
South
National Bank
-;V-
2-20
•4
9-30
Public
Publ'c
4'-. 7%
3-2.
.
2-20*
2-20
.
Chain
>10-15
Public
5%
Sontag
South Bend
conv;
j 5%
Public
2-20
20c
pref.
_L——
Co.
Oil Co
—
— =
.. 25c
;.
3-16
Stores( common (reduced)-—.
..10c
3- 1
preferred (quar.)—
1
*•3- .1
Socony-Vacuum
3" 2
7
3-14
6-30
preferred series D (quar;)—x—Finance Service, $6 pref
(quar.)
*
2-18*
1
v;
—____
7-15
—
5%
7%
3-
;;.
2
25c
Products, com
_i77_
75c
5% convertible preferred (new initial).: ;
51/2%
convertible preferred (quar.)— 77—
27VaC
United Biscuit Co. of America, common—'; 4-^4 25c
4 5%
$1%;
preferred
(quar.)__
—„_7_171-
-Specials•.;.v>:-3-.-4
Snyder Tool & Engineering (quar.) _—7
10c 4 3.-30 . 3- 9
3-25
Sayings Society of Detroit
(quar.)
Siscoe
3-
2-184
United
2-14
'2-2L'<•
2-20
10c
3-16
Union
3- 2
2-21
3- 2 772-21
3.-16 2-13
3-14 4.3- 4
: ;
?.■■■■
1
3-3
$2.50
5- 1- _yv;4-15
10c
7';;.
3-2.
3-
35C
Union
.2-JL4
-V'''
(quar.)_____uJ_-.'ii#775c
Gold Mines,: Ltd.___—
42c
Packing Corp..____—
; 25c
15c
5%% conv. preferred, series C (quar.)
67c
3-14
»
_______
__^
convertible preference
4-30
—_• •
(quar.)
*
«
2-28
4? 1
,
4(4 $1%
—
1
.
1
Publishing-Corp.—
(irregular)
Common
•
-7 $3
5-15
pref. (quar.)_———
(quar.)JL————
Provident Loan &
2-18
4-
t$2%
——
preferred
2
Steel- Co—
2-11
3-16
_____
Union Premier Foods Stores, common
72-20 '.
V7.2c. .2-28
40c V- '• 3-14
(quar.)
Brewery
(Wm.)
3- 2
50c
$1%
-
,50c
—t$l3/47,7• 4-.I ?%"53-15-
(quar.)—
3- 9
common
Tuckett Tobacco
777;;
V;.'.tl5c..
__I
(interim) "—
preferred
.
Simon
3-16
3-
25c
:
Prosperity Co., 57c
•
7%
■
4;
15c
(quar.)
Progress Laundry Co.
4-1
-
75c
common
Proprietary Mines,
Simmons-Boardman
Common,
2-13
2-28
3-30
(quar.)______
Co.
(irregular).;
Trustee Standard Oil
:■»■
,
3-14
25c
—.
7——7_——77——„_U77_7_:"
Troy & Bennington RR. (s-a)„—_'7__
Truax-Traer Coal Co., 5'/2% pref. (quar.)
7:6% preferred (quar.)„—_____
'3- .l'-r-'i- 2-11:;-
25°
$3
2-20
t35c
preferred
Quarterly ■
i Quarterly:'
2-28
•
$17av; 3- 2
.
2-14
4-15
3-16
—.-$li7i7 V.3-.
AAA (quar.)___
preferred
Snider
(quar.)
Gamble
&
3-16
75c
4,
._
Inc.,
Extra
4- 1
5%
-
-.4 444; 15c
——
Lambert, Inc
Procter
Simonds rsaw &
Co.—
(quar.)———
preferred
$3
2-28
(quar.) — X-7 $1%
Preferred Accident Insurance Co.
;
3-10
tlOc
..
..
$5 pref.
.—1
Prentice-Hall,
2
4-30
15C
—,
Powdrell & Alexander,
Pratt &
2
3-
10c
10c
Co., common.:
—1—-————•—-—-
preferred
3-
25c
Plymouth Oil Company—>.——
Poor & Co., $1.50 class A preference
Portland & Ogdertsburg Ry. Gtd. (irregular)
Potomac Electric Power 572% pref. (quar.).;
{
3-14
65c /
(quar.)—
Common-
1
1
-.
Shenango Valley Water, 6% preferred (quar.)
Sherwin-Williams, of Canada, Ltd.—
77;
„—
—
preferred
4-
+
Forgings Co
Pittsburgh Steel Co., 57a 7c prior pref—
Pittsburgh, Youngstown &- Ashtabula Ry.—
<
50C
i50c
Pittsburgh
7%
2-17
-
{s-a)___—
Pittsburgh Coke & Iron,
1
2-15
4
t$6y8
60c conv. preferred (quar.Uu
Mines of British Col.
(quar.)
Semi-annual
2-15
1,
3-
■4
2%C
•;
Sherwin-Williams. Co.—
3-1
3-:
2y2c
Pittsburgh, Bessemer & Lake Erie RR.
■
7
IOC
—4.--
preferred
6%%
2-
3
.
class B__
A
Piper Aircraft,
3-
50c
(participating)
Phoenix Hosiery Co., 7 7c
first preferredPhoenix Insurance Co. (Hartford)
(quar.)—
Photo ^Engravers & ;Electrotypers, Ltd. (s-a)
Pillsbury Flour Mills (quar.)
Pickle Crow Gold Mines Ltd, (quar.)______
Pilot Full Fashion Mills, Inc
—
i
2-28
—_—
Phillips Pump & Tank Co.,
/Class
3-12
50c
7 v
3-16,
1
4-
3-16
preferred
preferred^
$■ Add it ion a 1
25c
3-15 2-25
_____—-23c
7 3-15 - - 2-25^
Sharon Steel Corp., common
i
25c
3-26
> 3-14
i ? $5 convertible preferred (quar.)
^$iy«>.>">;4- 1 v>-:3-14
Sharp & Dohme, Inc. (irregular)
:i: 7;..-- 25c
4 3-17
2-20
Shattuck, Frank G. Company (quar.)7__-__ ,' . >: 10c
3-23
3- 2
Shepard-Niles Crane & Hoist Corp. (irreg.),
- $1-3- 2 , . 2-19
2-10*
3-
20c
—•—--
Oil
Co.
Asso.
44 Additional
3-16
..
,
Servei, Inc. 7——
Serrick Corp., class B
90c convertible class A
2-10*
25C
Corp.
2
3- 2
4
v
common....
(quar.)___
preferred
Phillips
2
$1%
Water,
Extra
2-20,
3-4
$1%
Co.
(quar.)
Philadelphia Suburban
67c
•
' *
3-16,
3-14
—
2-20
___
20c
.
4- 1
:: 3-10.
B7c
preferred (quar.) _———7
- 377ac
• . 4r>l .
.3-10
Seeman Brothers, Inc.
(lnterJmU^---74^;47;:;.*:75c;>"^^.'3-16 ;77-2-28:':
2-18
.
,\r
41c
^
.
preferred (accumulated).
Securities: Acceptance Corp.,.com. .(quar,)
2-20
$6
Philco
.
3-10
.
12%
2-14
44 25c
Co
Royalties,. Ltd.—
•:
33% c
—-L~
Tobacco
2-20
3-16
$1%
Flour Mills,
Water
Title
,
1
8
3-16
;Timken Roller Bearing Co.________________
$2
3-
3-25
3-16
4-. 1
*
(Del.)
Seaboard,Oil Co.
4-1
68%c
(quar.)
7% pref. (quar.)
Co.
&
& Land
Co.,
2-15.
-
;
(quar.)__
$1.40 convertible preferred (quar.)_:
ScrahtoiiYLaoe7Co,v:(irregular)77:7;?477^;.7.;77;,25077-.'H-3^174.;;i3iJ27;
5
1
3-31
3-31
60c
Coal
Tilo Roofing Co.,
3-1
3-31
25C ?
(quar.)
(irregular) __——_—
Philadelphia Co., 5% non-cum. pref.' (s-a) —
Phelps Dodge
Tide
3-
50C
;—
;7 Extra.
$iy2
(Seattle) (quar.)
Gas, $6 preferred
Co. (quar.)
Brewing
3r
Oil
Thermoid
'
2-15..
50c
Thoihpson Products, Iiic.) common (irreg.) __
$5 convertible preferred (quar.)__
$1%
,
'•
Pacific
Tex-O-Kan
(quar.): 25Cv :v;3-14 7 3- 2
Sears, Roebuck & Co.?(quar.)—!
—____
75c„
3-10.
2-13'
Second Canadian Jnt. Investment Co., Ltd.—
7
57c participating preference (quar.)___lll 7 - tlOc j ^3- 2;A^ 2-15J'V-
(quar.)-X
—
Petrol Oil & Gas Co., Ltd. (s-a)
Pfaudler Co., 6 7c preferred (quar.)
Pfeiffer
1
'
Milk-Co.
Pet
4-
•
'
2-11
2
2
1 ;
1 ■■■
1
'
50c
(quar.)
preferred
Texon
2-11
2-16
3-10
3-10
3-10r
l-T
(quar.)
Texas
2-28
2
3*
4
$iy4
Inc.—
Texas Gulf Sulphur
2-24.
3rl0
,
-—
7
Texas-New Mexico Utilities,
$iy2
—
preferred (quar.)
Peoples Telephone, 67c
Peoples
>
"
(quar.)__,
Stores,
Peoples
3-
$1%
!
50c
;
7%
.
50c
(quar.)
(James),
—
4- 13-10?
4-1 .
.3-10
Schiff Company, common (quarv • 25oT<: :v 3rl5
.r ,2-28
;
5727c
preferred
(quar.)_
—$1%
3-15 7 2-28
Scott Paper Co., common (quar.)
45c
^ 3-12 7 :2-26.*
$4.50 preferred. (quar.)
1
-'$178
' 5- 1
4-20°
$4 preferred (quar.)
1——
—; $1 ' : 5- 1 .7 4-20*
3- 4
Pennsylvania State Water Corp.—
Joseph Lead
Joseph Water
—'
—
Telephone Bond & Share Co., 7%
Tennessee Corp.
_..ii
Terre Haute Water Works—
i
3-10
2-20"
2-14.
1-31
2-24
partic.
conv.
1V»7o debenture S (quar.)
2% debenture A. (quar.)
,
2-28
3-18
;
Co.,
preferred
Talon, Inc.
2-14
preierred (quar.)
of Rec.
.
participating preferred (quar.)
Participating
—
'
St.
3-20
3iy»c
Pennsylvania-Dixie Cement Corp.—
t
7% convertible preferred, series A
Pennsylvania Industries, Inc., $6 preferred-
^
„
,
(quar.)_____
iT. Common.—.—I
3-20-:
1
,
,
5V2%
-
_—*
2-17t; 2-17
25c 7, 4- 1
Ltd.-—
5%
A
Talcott
,
2-28;
6%
Roxboro
—
quar.)
Paper Co.,
4-1
2-28.
2-28
••
2 4
3-15
Peabody Coal Co., 6% preferred—-x^— 4 t$ll/a.
25c
Peck, Stow & Wilcox Co—•
750
Penick & Ford, Ltd.
——-—
Pennsylvania-Central Airlines—$ 1 Vic
convertible preferred (initial
&
Rolland
'
2-11
2-11
2-11-
.
r
3- l
$l7t'
t$17»
(quar.)
(quar.)__—
Pendleton
Roesser
•
2-21;
3-15
25c ;
—
.43-. 1
Class
•
3-
;
2-28
J50c
—■
3-14
;
Payable
•
Ltd.—
Swift International Co.,
,,
.
preferred;—
5 ''/p
,.
2-20
(M
50c
(quar.)
com.
>
■t$l%
;
•
^
Holderj
.When
Per
,
Share
Name of Company
4"
»/ Reo,
Rome Cable Corp^
Inc.
Consol.,
Enterprises
Holdert
.
'
3-,2.'
,
15c
3-31
preferred__T___
t8c^' 3- 1
;
Roxy Theatres, $172 preferred (quar.)
31VzC <..'2-23 w
Royal Bank of Canada (quar.)„___——1 / ,7; $$2.7/'.3- 2 J:
Rustless Iron & S.teel Corp. (quar.)____
:
15c
; 3- 2
$2.50 convertible preferred {quar.)__,_____
L6272c
3- 2
CO
$1%
(quar.)
Manufacturing Co, Ltd.,
7%
2-28
\
25c
___—
(interim)
Paton
2-16
& Reel Co.—
preferred
Patino
2-16
2-28
•
.
57c pr. preference
Rockwood & Co,,
3-16
2-28
.
250
(quar.)—
Co.
Parkersburg R.g
$5.50
3-31
25c
.—
—
Parker
1
.3-2:-
25C
X
.
(quar.)
Extra
4-
4-15
3-20
25c
(quar.)—_
.
(guar.,. 25c
preferred C (quar.)__
_'
$172 "
67c preferred D (quar.)______
—__
$iy2
.,75% preferred E (quar.)__
—$l*/4
Rochester. Tel. Corp.,. 67i%
1st pref. (final)
$1%
3-10
3-27
50c
$1
4 75c
;
Pay'ble
67c
.4-1
4-10
10c
__
Co.
Elec. Corp.—
Gag &
Rochester
t$iy4
When
~,.
-Sfiare
-
7 2-28"
^—4—ZZI3-I4::-'-T^28"~ ••--Deposit receipts-'ispecialtzz^c^^izs-rDeposit. receipts (quar.)—
:
Rochester Button Co.—
.:..;;"i.. -i;■'-;:'7-7
Tacony-Palmyra Bridge, common (quar.)
$1.50 conv. preferred (quar.)
3772C 4 "2-28 '7 2-20
Robertson JH. „HJ
; Extra
'
3-14
,
5%
,7
Name of Company
J
Monday, March 2, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
886
3-16"
2*c
3-16
50c
3-16
2-16
1
2-10.
3-10
10c
t96%c
40c
2-20.
2-20
'
2-16
1
2-13
3-10
2-23
3-
/
:'•••
••' "V-
••
887
THE COMMERCIAL & FINANCIAL CHRONICLE
Voliime ,15i^iNumb€r; 4051^
Holders
When
Per
Name of Company
Pui/uoie
share
Per
^
oj4i.ec.
Name of Company
,.
Name of
of Rec.
Payable
Warren
~
(Northam)
(quar.)
75c
Warren Foundry & Pipe Corp., (quar.). '•
50c
Washington Ry. & Elec. Co;',"" c6mmon£__i.r_ ,v~r$10
Corp., $3
Partic. units benei.
5%
pref.
-
ownership of com. stk.
preferred
(quar.)
-5%
preferred
(quar.)—*
5%
preferred
is-ai
Wheeling Steel Corp.common (irregular)-,
50c
3- 2
2-14 i,
$5 convertible, prior preferred (quar.)—_^y. .^$1%
2=28— 2-16-—- Whitaker Paper, Co„:xommon..(qufi,rj.-«»«=.«___$1
2-28
2-16
.7% preferred (quar,)—
$1%
3- 2
2-16
White Villa Grocers (s-a)—_
$3
6- 1
5-15
Whitman (Win.) Co., 1% pref. (quar.)—_
$1%
6- 1 ,;':v 5-15
Wieboldt Stores, Inc., $5 pihor pref. (quar.)
$1%
3-14
vV 2-25
6% "preferred, (quar,)—
„■
75c
3-12
2-21
Williams (J. B.) Co.,: common (quar.)_„
25c
2-28
2-14
^ $0.75 preferred (quar.),—
—
25c
4- 1
3-16
Willlarasport Water "Corpse pref. (quar.)—
$lVi
2-28
—
25c
"
•
Washington Water Power, $6 pfd
Welch Grape Juice Co.
;
—
7%__preferre<J _iquar. I
Wellman Engineering Co.
Wesson
Oil
—
_
West Virginia
Pulp &
Co.,
10c
Inc.—
3-
2i'{:
2-14
4-
1
3-17
Wilson
■
$6
preferred
Extra
(quar.)
Western Grocer Co.
Westinghouse
(Iowa),
Brake
Air
3-15
3-1
2-14
\
2-14
Wisconsin
3-
4
2-19
$1
-
Chlorine
Products
Wheeling Electric, 6 %
Corp.,
preferred
—4—
(quar.)
'
pref
7 7c
Wolverine Tube Co., Yk
pref. .(quar.)
2-10
1
3-12
Woodward
2-27
Woodward & LO.throp^ pommon
3- 5
y 2-16
$1 %
3-2
2-9
Governor
7%
Bros.,
preferred
(quar.)
5-1
1
1
2
2
:
3-27
3- 2
the
that
estimates
Institute
Petroleum
American
preferred
,
in
1942 is estimated
details as reported by the Institute
output for the four weeks ended Feb. 21,
average
at
4,091,050 barrels.
Further
♦Transfer
1941.
in
tPayable
resident tax,
,
M
dations
February
*
Oklahoma
395,300
251,700
251,700
Washington. The price situa¬
was
unchanged.
Antimony
silver
ther reported:
17.5
son,
.
—
Total Texas
•
Indiana
Eastern
17.9
2,588,618
2,276,904
2.214,337
72,550
366,650
220,950
297,250
80,750
360,650
2,587,113
2.325,273
2.263.679
2.560,962
2,247,712
2,104.579
have
+ 13.9
2,605,274
2,334.690
2,179,411
Authorities in Washington expect
6
3,475.919
3,003,543
3.495.140
3,052.419
27—...
3,234,128
2,757,259
20,400
350
95,500
78.000
86,850
2,150
88,600
21,700
150
21,200
6,400wi
3,440,400
•—
1,619.265
1,602.482
1,733.8*0
3,450,468
3.012,638
+ 14.5
2,673,823
1,598.201
1,736.729
3,440,163
2.996,155
+ 14.8
2,660,962
1,588.967
3,468,193
2,994,047
+
15.8
3.474.638
2.989,392
+ 16.2
2,632,555
2.616.111
3.421.639
2.976.478
+
15.0
2.564.670
+
14.7
2,546,816
17
These
recommendations
are
month of February.
of
Office
the
31.^——j.—
3,423,589
21—
of
2,985,585
V-v«
604,000.
3,629,650
'■
:>%.
'
RECENT
1941
MONTHS
(Thousands
1,588,853
c
This
will
it
With
21,
.
the
is
__—
—
•April'
May
th»
,
increase
few
a
and
22
as
for week ended 7 a.m. Feb.. 18.
.
the entire State was ordered
1,512,158
14,
October
'
to
be
1940
over
1939
1940
10,183,400
+ 11.7
9,256,313
8,396,231
10,974,335
+ 17.4
10,121,459
9,110,808
9,886,443
10,705,682
+ 16.3
9,525,317
8,607,031
9,573,698
11,118,543
+ 18.9
9,868,962
8,750,840
10,068,845
8,832,736
9,773,908
10,185,255
9,170,375
10.036,410
10,785,902
9,801,770
10.308,884
11,026,943
+ 20.0
11,616,238
+ 19.1
11,924,381
+ 18.4
9,290,754
——
w-—r-
..
13.901.644
11,484,529
+ 21.0
10,653,197
9,486,866
+ 18.3
11.289.617
9.844.519
12,213,543
13,974,232
-
Conservation Committee of California Oil Producers.
10.372,602
last
week
involved
'
for
the
at
stocks
showed
January
of
end
the
month
of
20,531 tons, against 20,185 tons
a month previous.
Production for
January was 53,385
tons,
with
shipments amounting
to
53,037
9,717,471
111,557,727
117,141,591
11,476,294'
124,502,309
in effect.
now
for
statistics
9,506,495
9,893,195
11,087,866
12,842,218
138,653,997
+ 14.4
tonnage
pool next
The United States lead refinery
10.065.805
1—
the
the
for
re¬
was
tons.
Louis,
9.908 314
12.474.727
December
15
0,665,137
14.756 951
it
Common
lead con¬
tinued at 6.50c., New York, which
was
also
the
contract
settling
basis of the American Smelting
& Refining Co., and at 6.35c., St.
9,787,901
8,911,125
12,882,642
12,449,229
March
to
quarters
that
aside
"take"
2,133
1937
+ 12.5
with WPB offi¬
some
likely
set
Sales
1938
'
In
month will be increased from the
',5'
10,589,428
November
28.
d Recommendation of
1,699.250
11,683,430
Total fbr year
shut down on Feb. 4, 8,
1,718.304
11,831,119
13,231,219
—_—-
September
.
allowable as of Feb. 1, but experience indicates that
are completed, and if any upward revisions are made
wells
new
exceptions
thought
1,726,161
1,545.459
13.149,116
13,836.992
july
———
sugust
-1— 14,118,619
basic 28-day
net
1,728.203
1.578,817
•
bOkla., Kans., Neb., Miss., Ind.; figures are
1.717.315
Kilowatt-Hours)
of
y
reference
in
leases.
13,218,633
*2x2---
March"
650.650
r
.
February
3.025,650
for
%
January
103,800
Coordinator
cials
1941
i i'U'Z
4,091,050
the Petroleum
FOR
'•
1,150
'
•
,
w
in March.
study
terday to confer
1,542.000
2,688,380
June
a
1929
1932
-
the
I; Lead
% Change
i-3,600
.
1940
-
complete
Representatives of the lead in¬
dustry were in Washington yes¬
2,558,180
DATA
8.750
4,077,350
4,101.800
States.
653 <-00
(1632.300
632.300
California
7,600
3,423.750
3.469.500
East of Calif.
120,200
to
15%0
18,900
900
2,033,319
Over 1941
1941
•
83.800
20.400
800
2,174,816
15.7
39.400
5.700
2.464,795
+
+ 15.6
86,300
51,950
119,950
17.3
not
2,053.944
+
Feb.
1,900
119.300
2,234.133
2.241.972
2,424.935
2,845,727
fan.
95,200
6.500
2,376,541
2.390 388
2,712,211
3,002,454
Feb.,.
50.700
119,300
2.654,395
2.694.194
3,472,579
Jan.. 24
47.000
—
.
3,288.685
Jan.
~70,500
19,050
650
1942
Week Ended
Feb.
2
v;<
Jan.
18,000
_—
+ 14.8
+ 15.7
+14.5
2,975,704
3.414.844
....
20-____
Jan.
94.200
United
+ 15.8
+ 14.4"
1942
321,700
1)16.950
production
of copper
yet been established.
premium
2,889,937
% Change
292,150
.74.150
in
2,839,421
3.347,893
Dec.
222,400
3,350
be used
to
connection with the over-quota or
2,931,877
Oec.
69.750
279,900
1941
3.247,938
1,350,450
1.100
basis.
a. s.
Quotas for
3,339.364
256,250
4,450
11.75c., f.
29______
Dec.
204,850
300
cop¬
22^2±-
T51.-.'__.__—
.Dec.-
374,500
3,250
Domestic
Nov.
Nov.
131,250
250
8_1__I_.'
far.
so
Nov.
235,450
89,000
85,500
_
Mexico
Total
+
357,550
Color-'do
Total
2,858,054
incl.
(not
Montana
New
3,368.690
3,850
111. & Ind.)
Michigan
Wyoming
Nov.
2,300
17,200
2,324,750
month
continued at 12c., Valley. Ex¬
port
or
foreign
metal sold
at
2.245,449
:
10,147 tons,
total of 72,046 tons for
a
per
2,327,212
346,750
—
2,339,384
2,297,785
&90.550
74,500"
74 500
2.311.415
2,228,586
2,270.534
371.800
:—
the
2.207,942
2,554,290
.
r 2,608,664
143,700
1,504,450
2,231,2.77
2,558,538
+19.3
17.3
298.800
11,150
2,211,059
2,538,118
+ 18.2
.+ 16.2,'
V
+
750
.4
2,792,067
making
2.882,137
.73,350
Mississippi
Illinois
2,816,358
3,330,582
2,338,370
I.
3,380.488
57.400
Arkansas
2,769 346
3.273.376
2,279,233
Nov.'
353,950
344 955
335.000
__
3.273.375
2,109,985
2,283,831
81,250
Total Louisiana
+ 19.8"
is
circles, first
the week amounted to
2,211,398
2,375,852
+
2,773,177
Mr. King
Materials.
later
2,532,014
20.9
2,591,957
3,322,346
:
1937
1938
1939
1940
over
of
as
Managing Director
Copper Code Authority.
*
Domestic sales of
copper
for
2,281,328
272.700
Coastal Louisiana
1940
-
a
of the
2,251,089
800
+
and
Kilowatt-Hours)
2.622,267
'
1,513,800
1,596,000 cl,606,389
'
^
1941
3,132,954
as
Division Administrator of NRA
as
15.8
16.2
position
regular
assistant to A. I; Hender¬
deputy director of the Di¬
well known in copper
2.576,331
3,050
North Louisiana
of
(Thousands
his
vision
17.9
24.8
2,583,366
222,600
Texas
U
15.0
14.7 :
__jl—
.....
20.6
19.9
25.0
16.7
—
~
+ 16.5
297,450
East Texas
States.
s-4
v
Mr.
Board.
Production
War
15.2
15.3
13.5
":i 1941
ii
Copper
Harry O. King has been named
chief of the Copper Branch
of
special
+16.8
368,400
Southwest Texas
;S
sume
+ 19.1
1.150
few dealers
The publication fur¬
in the metal.
12.0
2,866.827
3,050
to satisfy
seem
13.7
2,837,730
90,700
quotations for quick¬
York
New
12.7
~
2,817,465
148.700
to be marked for an up-;
selling basis.
ward revision in the
■/"13.9
23.9
Week Ended—
75.600
Texas__
Non-"
source.
Less British income tax.
a
14.7
3.340.768
299.250
West Texas
the
18.1
3.313.596
4,800
-V.:;
at
14.4
3.355,440
85,100
,
14.7
Oct.^isi-.C——
50
dividend.
17.6
.'"data for recent weeks
Oct.
3,950
2-28
15.3
207,100
>
248,700
2,800
3-16
7
13.9
406,500
401,700
t
3-
tion'
% Change
I
.
2=14
1
4-
25c
deductible
tax
the
Oct. * 25_.:_—
1941
3-14
75c
>
12.7
,
14.4
;
Total United
';:S.
Oct.
86,700
North Texas
East Central
States
Rocky Mountain^
Pacific-Coast™
Feu. 22
t.;;
$1%
3-16
3-16
3-16
v
13.8
—2_:
—
Sept.
6_
Sept. IT3__j__"
54,450
5.200
Nebraska
Panhandle Texas
Coastal
3,750 I
5393,750
5247,100
395,300
Kansas
Central
Southern
Ended
■.
1942
Week
1942
Feb. 1
Feo. 2i
Previous
Feb. zi
Beginning
Ended
From
Ended
ables
Recommen-
West
Week
1
13.1
16.7
Industrial
Sept.- 20-i-i.—
3ept(. 27
:_
4 Weeks
Change
Week
4-
'
King replaces H. W. Dodge, who
has Men acting as chief for the
last >month.
Mr. Dodge will re¬
12.1
Atlantic
Central
Actual Production-
State
Allow-
OPC
a
$1%
appears
.
Feb. 21, '42
England—:
Middle
(FIGURES IN BARRELS)
PRODUCTION
OIL
CRUDE
AVERAGE
1
1
15%| resident tax, 2% .
-v /
,
Major Geographic Divisions—
DAILY
3-20
1
4-
1
funds,
Canadian
•■■—Week Ended—■
v • ■
Feb. 14, '.42
Feo. 7. '42 Jan. 31, *42
'
,
-
4-
4-
accumulated dividends. 1
INCREASE OVER PREVIOUS YEAR
■■
New
2-18
25c
not closed for this
books
ton account of
-
Reports received from refining companies owning 86.9%> of«the
4,684,000 barrel estimated daily potential refining capacity of the
Vnited States, indicate that, the industry as a whole ran. to. stills
on
a Bureau of
Mines basis, 3,889,000 barrels of crude oil daily
during the week ended Feb. 21, 1942, and that all companies had
in storage at refineries, bulk terminals, in transit and in pipe lines
as of the end Of that week; 104,312,000 barrels of finished'and un¬
finished gasoline.
The total amount of gasoline produced by all
companies is estimated to have been 12,571,000 barrels during the
week ended Feb. 21, 1942.
3-20
,
was
PERCENTAGE
follow:
2-20
1
2-28
25c
Door: (irregular)---
Steel
3,423,589,000 kwh., which compares with 2,985,585,000
kwh. in the corresponding period in 1941, a gain of 14.7%.
The
the 4,101,800 barrels daily average recommended by the Office of output for ithe week ended Feb. 14, 1942, was estimated to be 3,421,the Petroleum Coordinator for the month of February.
The daily 639,000 kwh., an increase of 15.0% over the corresponding week
1942,
(irreg.)_..
(quar.)
Institute, in its current weekly report, esti¬
mated that the production of electricity by the electric light and
power industry of the United States for the week ended Feb. 21,
4,077,350 barrels, a decline of 1,150 barrels from the previous week;
It was, however, 447,700 barrels in excess of the corresponding
week of 1941.
The current figure was also 24,450 barrels below
2
4-
1
& Tube
(quar.)
The Edison Electric
oil production for the week ended Feb. 21, 1942, was
average crude
3-
10c
(quar.) —t
Sheet
preferred
Output For Week Ended Feb. 21,1942,
Skews 14^7% Dain Over Same Week In 1941
daily
4-20
$1%
to
The
1
+
Youngstown
2-19
5-
25c
__
,
common...
B
Electric
Daily Average Crude Oil Production For Week
Ended Feb. 21,1842, Dropped 1,180 Barrels
_
—
(Rudolph)'Co., common
Youngstown
* 3-16
$1%
25c
(quar.)
(monthly)
(quar.)—-;
Truck & Coach Mfg. Co.,
5V2 %
2-25
Ltd.
-——
3-16
$l%-
—
7%
5
1
tlOc
preferred
Class
5
3-
4-
25c
Monthly
7%
3-
3*15
$1 %
Monthly
Yellow
2-10
2-10
3-15
$1%
(quar.)_
iquar.»__
preferred
prior
Wurlitzer
2-20
3-27
—
6
2
Pump & Machinery Co.;—
Wright-Hargreaves Mines,
Wngley (Wm.) Jr. & Co.
2-17
3- 3
CO.—
W.)
2-10
3-
-
40c
6
3-
5%
—
2-28
3- 2
(final)
receipts
3-
2-28
3-16
50c
___,_
4V2%
7-15
7-15
10-15
10-15
3-16
of Rec.
30%
convertible prior preferred
4V»%
4-15
881111-
$1
$1%
V
$1
Holders
—
*
(F.
Woolwond
4-15
25c
(quar.)
-rv, '7^ ;preferred (quar.)r^-l-^—'
Woolf
5- 1
deposit
Ltd
Co.,
'
2-21
2-11
,,.
When
share
Company
Bonus.'
■V
3-18
2-21
$1% ';
—_m—
i
Co
,
t$2%.4
—
3-10
,
Amer.
3^-10
'2-28
,':i 3-2'M*' 2-16
$1
t$2.91%
„—
35c
—'
•
,
—
Power & Light C,o.,
preferred
6%
..
_—___
3- 4
common
Worthington
4-1
3-4
3-4
3-2
V. '."$1%
—————___v.,
.
4-
$1
.
2-15
3-14
3-18
■
200 '
-
—_
*20c
(George), Ltd. (quar.)
Weston Electrical Instrument Corp.^
3-1 4- 14-1
.
:
——
Extra.——
Quarterly
v
.
(quar.),i._
.,50c
:
Weston
Westvaco
—_;
Extra
3-16
.
partic. pref
Common
•
2-19
3-20
common——
Co.—
Westinghouse Elec. & Mfg., 7,%
•
3-2
30c
25c
-
4+1
$1
$1%
Inc." (s-ai_-i—u:*
Quarterly ;
3-14
4-. 1
50c
"2%c
Supply (qpar )—,
Exploration Go. (quar.)__.
Western
"
$1 V\
—
Western Auto
Line;
Winsted Hosiery Co.
:
West Virginia Water .Service Co.—
/
(quar.)£_——
Wlllsoh Products
,
$1
25c
;
(reduced)
Paper
Woolworth
•
SI %_
'
-
(initial)
Snowdrift
&
(quar.)
—„
$4 convertible preferred (quar.)—
-
$1%
$2%
$1%
25c
__
——
(F. W.)
2-13
3-10
3-16
3-16 T
3-16
4- 1"
4- 1
';v-s
.
$1%
——
„
—
2-14
Payable
Per
Holders
When
Share
.
'
tons.
CRUDE
TO STILLS;
RUNS
PRODUCTION OF GASOLINE;
FINISHED AND UNFINISHED
1
' •'
,
STOCKS OF
GASOLINE AND GAS AND
•*■.
'
Preliminary
PUELj^ff^'
English Financial Markel--Per Cable
' '
-OIL, WEEK ENDED FEB. 21, 1942
■
'
,
:
■
-
.I,i
,
v.
<
of 42 Gallons Each)
on
a
Bureau
Mines
of
Saturday
Basis'
Crude Runs
Daily Refln'
irig Capacity
j
Stills1
Gasoline
Produc'n
Re¬
tial
Inland Texas
No.
&
La.
174
84.5
167
.96.0
84.9
718
418
81.1
347
__
S.
U.
S.
B.
3,860
22,258
;83.o V 1,349
10,146
fuels
.v
Avia-
p.'
oz.
d
168s
—
Closed
Oil *>•.iline:
British "4%"1960-90_
Closed
Consols, 2Vz'Z>
..
9,053 r.
367-
3,372
977'
137 V
65.0
1°2
72.2
889
3,575
91.3
1,003
88.8
3,031
19,914
181
102.8
500
4,495
97
51.5
85
87.6
258
138
50.7
86
62.3
340
69.1
1,5<>5
17,118
12,123%
.
i
v'-Vt
7,590
I; The price of
been:'
^
Avia-
609
23V2d
23>/2d
23V2d
23V2d
23V2d
168s
168s
.168s
168s
£823/a
Closed
British 3%'^ ;,W. L._
065
Tuesday
.
-
silver per oz,
£82'/2
£104%
£104%
£ 104
£115%
£115%
£115%
£115%
(In cents)
£83
•
Gaso-
2,033
Vline'
1,201
/
Bar
Stocks
7,785;-
9,301
2,207
1,115
114
•303
232-
(Foreign)
U. S: Treasury
mined)
35%
35'/a
35%
(newly
35%
^
35%
•
71.11
71.11
71.11
71.11'
'
&&
Demand
remains
35%
for
High
quite
Grade
active,
zinc
and
the
trade is again wondering whether
the pool for March will differen¬
tiate between that material and
71.11
Prime
90.9
544
4,684
86.9
3,889
able
This ■>
.631
60,870'.'Week.
83.0
12,571(1104,312
ments
•
Non-Ferrous Metals—Sellers
Western.
Pool
reouire-
4,680
86.9
3,772
80.6
^
12,471bl01,796
37,512
11.554-; 94,706
35.325, 96,883<
89,955
—
3,568
Sales of the
the
.-
6.672
577
'.'Metal and Mineral Markets" in its issue of Feb. 26 reported that
Western
end of the week
Finished
common
ended
Feb.
grades for
21
totaled
tons, with shipments of 5tons.
The
backlog of the
Prime
.with February's transactions in major non-ferrous metals virtually
bbl. - b 248.000 bbl.. transferred .completed,, sellers are eager to get. going on next month's business.
from
bbl. to East Cqast and 115,000 Allocations of copper, lead, and zinc should be announced earlier
bbl
to North I ouisiana-Arkansas.;
This w°eks figures, on new basis,
e At refineries, than a month ago, the trade believes, as most of the information
fit b-,,k terminais, in transit and in pipe lines.
/ Included in finished an'd unfinshed ■needed to
complete the task of earmarking metal has been presented
gasoline total. ,
Z1" :
.
95,771.000 bbl; unfinished 8,541,000
Louisiana Gulf Coast, as Pipe-line fill; 133,000
week
.
,
,
U'basifpeb.022^941
-
for
February absorbed a
straight 40% of production. *
r
Hope For Early
Icticn On Allocations For March
35,698\ 88,8.99
of M.
basis Feb. 14, 1942
.-a
esti¬
Zinc
£115%
■
71.11
was
at
£104%
Avnil-
2.339
Y. :
1941
273,400 tons; soft lead,
160,200 tons; and desilverized soft
lead, 39,000 tons.
Not
1,478
N.
were
domestic ores, against 433,tons in 1940.
Production of
mated
in the United States on the same day has
tion
4.154
the
that
desilverized lead in 1941
£83'/a,
£104%
£82%
by
indicate
472,600 tons of refined lead
^produced in this country in
Friday
Thursday
Monday
Wednesday
figures
Mines
from
168s
Closed
Gold, p. fine oz
Of M..
basis Feb. 21, 1942
Tot.
511
2,640
.
Distillate
line
1 Stock:
FuelMiGasff-t
94.9
'
B.
TI.
Gaso¬
19,402
Silver,
'-"1:
sidudl i tion
•
and
1,130
787
2.
Tot.
Blended
C19.3 M,458
Oil
*
.
at London, ai
&c-,
of
•
Arkansas
Mountain
California
Gas
'.
ished
91.6
.;
e
Stocks
of Re-
'
Of
176
Loui'-iana Gulf
Rock if
i 566
784
■;,
Unfin¬
Incl.
Natural
Oper¬
ated
100.0
266
—
Gulf______^_
Texas
Aver.
ing
714
t
Appalachian
Ind., 111., Ky.__—Okla., Kansas, Mo.
Daily
port¬
Rate
East Coast
fineries
P. C.
""
Stocks
ished &
2- 1
ten¬
e
Fin¬
at Re¬
to
P.O.
Po¬
District
Stocks
for securities,
reported by cable, have been as follows the past week:
Figures in this section include reported totals plu;
an estimate *of unreported amounts, and are there
-fore
daily closing quotations
The
>
(Figures in Thousands of Barrels
Bureau
•
tons.
The
division
stood
at
at
the
104 332
price situation in zinc
continued unchanged.
(Continued
on
page
(
033)
THE COMMERCIAL & FINANCIAL CHRONICLE
888
in
uation
New
Silver
The price sit¬
immediate outlook.
Non-Ferrous Metals
Tin
sellers re^
Conditions surrounding the tin mained at $197.05 to $198.96.
In
situation have not changed in the one direction, $201.13^ per flask
last
week.
metal
Consumption
in
falling to
supplies.
conserve
offerings
change
.
23V2d. to
at refineries
net prices
are
on
in
to f.a.s. transactions, dollar basis. Quotations for the present reflect this
method of doing business. A total of .05c. is deducted from f.a.s. basis
tcf arrive at the f.o.b. refinery quotation,
(lighterage, etc.)
23
named.
The ceiling price on
9/16d., where it re¬
Feb.
24, when it
again declined to 23 %d. The New
Pacific
Coast "continued
York Official and the U. S. Treas¬
$191 per flask.
prices are
ury
•
Delivered
until
mained
at
the Atlantic seaboard.
prices in New England average 0.225c. per pound above the refinery basis.
Export quotations for copper are reduced to net at refineries on the Atlantic '
seaboard.
On foreign business, owing to the World War II, most sellers are restricting
un¬
the
is
uses
^London has been
was
the
of
non-essential
figures shown above
-.'V
changed at 23%d; On Feb. 19 the
price
increased
from
forward
of
views
the
ever,
in
market
cleared, and quotations still cover
a
wide range.
In general, how¬
(Continued from page 887)
....
During the past week the silver
not
has
York
Monday, March 2, 1942
The London Stock
Exchange
Quotations of representative stocks as received by cable each
day of the past week:
■
'
.yy: -r
v.
unchanged.
.
Straits
arrival
DAILY PRICES OF
March
April
52.000
52.000
.-52.000
Feb.
20_.
Feb.
21
Feb.
23
Feb.
24_
May
52.000
52.000
52.000
52.000
52.000
52.000
6.50
11.775
11.700 -vv;
52.000
6.50
Holiday
-Holiday52.000
52.000
52.000
52.000
11.700
11.775
11.700 %
•;
52.000
f
Chinese tin,
Feb.
19
99%, spot, 51.125c.,
25, inclusive.
£64
£62
8.25
Central Min. & Invest-
£ 12*/a
£ 12&
Holiday
Holiday
6.35
Cons. Goldfields of S. A.„
V 8.25Z
Courtaulds (S.) & Co
yy 8.25
DeBeers
.
■
f
London tin—no
With
restrictions
on
operating
consumers
in
peared
Domestic
—;
about the
weekly returns
C.'V-i
These figures are
obtained.
are
ASSETS
LIABILITIES
AND
OF
(In Millions
of Dollars)
"
$
ASSETS—
Loans
Open
market
Loans
to
and
4,272
295
Treasury notes
United States bonds
Obligations
U.
by
guar,
S.
191
49
1
32
8
40
40
0
8
57
184
9
555
no
58
463
19
37
165
V
31
:
436
;
76
..
r.
235
26
184
75
45
3,940
446
851
319
167
1,425
258
1,581
103
164
101
62
294
.57
V
112
V. "
1,613
267
275
65
110
574
447
759
297
200
1,554
-
5,205
18
83
.
3,321
'
:
626
189
•
::
\
14
ii ■!
14
87
i: 337
14
20
•
V
221
-
,
568
3,579
642
366
189
953
184
107
38
48
223
18
3
403
428
1,499
515
204
2
10
89
46
49
11,514
1,273
1,922
730
199
;
.
•
;
Z
States
Inter-bank
-
5,191
1,085
189
15
635
21
47
360
3,584
436
542
638
1
deposits
217
1,254
9,244
Government
710
21
574
6
2
deposits:
banks
Domestic
banks
Foreign
1,531
24,961
Borrowings
-
,
/
1
22
T12 y>-25
244
251
1,664
"42
"l9
395
102
99
217
V
r23
432
•-.'V"7
Z
;100
■
•
29
:
1.521
534
;
340
y
1,093
;
Z 143
34.
yy
to
a
'-""4
111
.
>
.83/9
<39/3
29/3
'
29/3
16/3-^^16/3
16/6
£37/a
-
£37/a
-
.
£37a
£4
'mM
1
;;
5
92
July
1,
1940,
or
more
to June 30,
than $1,000.
1943,;
Only
12% of the authorized total, had been
as of Jan. 31, 1942, according to War
estimates.
The rate of war spending
than
more
Though £1,719,983,063,
399
21
ish
354
and
the
total
96.3% of the estimated Brit¬
has already been'
is expected to exceed
revenue
£2,000,000,000 by March 31, the year's deficit is neverthe-less expected to be nearly £2,500,000,000.
Subscriptions'
;
y.399.
or
for the current fiscal year,
revenue
collected
f
,'
capita tax of
per
Board
•
8
-83/9
.
..
35/9
29/6
that within two
:
130
—
yry.64 .y
.
35/9
■'
McKellar, of the Senate Appropriations Committee, said;
or three months United States airplane
production will outstrip that of the Axis powers. Lieut.
Gen. Knudsen promised last week that President Roose-.'
velt's goal of 60,000 planes in 1942 will be reached.
326
.
636
,
135;,
1
765
3,926
Other liabilities
Capital accounts
—
.679
;
31
307
-
31
■
.
deposits—adjusted
Time deposits
United
f
602 '
:
r'
315
LIABILITIES—
Demand
343
*
!
-.15
*
74
69
68
ZZ 872
':••;■ 155"
63
257
\
;;.
about $2,300,000,000 in
reach
92 J
39
.121
41
114
82/6
.
.
January and is expected to
$4,000,000,000 a month eventually. Pro¬
duction results reported by Under-Secretary
of War
Robert P. Patterson to a Senate Appropriations sub¬
committee were described by the committee members
as most encouraging, indicating that American output is
geared to equal the combined Axis production. ; Senator
was
191
148
i
31.
from
purposes
Production
388
'
42 /,:>■
|
!
8
-
268
35/9
-
$142,000,000,000 total thus far appropriated for
$17,528,000,000,
^
'■34.
79
••
21
392
70
1,201
i
255
233
345
196
221
29
58
26
101
-
30
82/5
85/-.
",39/6
-
actually expended
36
22
•
/138
S---144
-
.19
;
j —
i; .-65'
•
130
178
19
42
15
42
1,512
455
135
•'
31
11
•-
amounts
491
13
f
1
-v
86
95-
,
.v-.41
54
y
—16
l—
y i:;
125
3
10.
'33
6
59-
1
—
war
1,134
v
>/-4
1
10
„
30
2
■% y:4/y
146
34
52
84
204
yz 24/
v
6
502
banks
domestic
assets—net
-
•■
145
532
with
i 256
3,714
vault
Balances
363
302
10,394
with Federal Reserve Banks
in
Other
77
2,719
Govt
464
149
3
17
£8
15 to Jan.
The
2.664
689
269
'
£8
16/6
March
.$
$
.
288
12
15
33
$
!:i! 863
462
20
33
26
192
9,163
securities
Cash
42
337
14
1,901
1,240
2,327
,)
bills
Treasury
Reserve
92
12
408
1,251
35
carrying securs.
Other loans
Other
112
San
City..: Dallas Fr'lsco
530
*
75/£67/a
£8
$462,000,000 in January were three times the previous
monthly average of $141,000,000, bringing the total aid
under the program to more than $2,000,000,000. He said
that in the next 10 months lend-lease aid will provide a'
tremendous impetus to the production abroad of mili¬
tary weapons and to the general preparedness of the*
United Nations.
Farm products bought for lend-lease
and other distribution were placed by the Department
of
Agriculture at $694,000,000 for the period from'
1942
970
...
.
76/-
£67a
£8
the total for lend-lease and repair purposes. Lend-Lease.Administrator
Stettinius-reported that shipments of;
Kans.
.y
$
$
..
:
'
£8
-
—
s
-
24/3
.118/9
£18>/2
76/-
Areas—£4,V
,
apolis
.
£67/a
.
16/6
1,418
234
425
Louis
•
1 23/6
'
76/-
., ,
Vickers
942
416
169
..-St.
.-yy
£18V2
<
.
1
74/13/6
West. Witwatersrand
4,382
831
340
460
paper
banks
to
909
881
s-
+
Chicago
■$....
428
555
2,873
loans
estate
Loans
13,381
795
434
y+u.
$
$
2,392
1,416
1,533
brokers and dealers in secur—
Other loans for purch. or
Real
lanta
$
6,889
agricul. loans
At¬
mond
land
$
$
$
■
30,532
-
*
Indus,
Commercial
delphia
11,369
investments—total
and
Loans—total
Phila¬
York
Boston
Total
Districts—
Reserve
Rich¬
Cleve¬
Ne
New
Federal
,
Minne¬
£7»T
£67/a
76/-
29/9
IN 101 LEADING CITIES, BY DISTRICTS, FEB. 18,
MEMBER BANKS
REPORTING
WEEKLY
"
£18%
31/6
:
£67/a
United Molasses—• >; 30/3
*'
..
23/6
Rolls Royce^——^—.
the Federal Reserve System, giv¬
banks in 101- leading cities from
always a week behind. those, for. the- Reserve banks
-
/
.
13/6
24/3
23/6
117/6
•
118/9
£18%
£18J/2
Shell Transport—-
Weekly Return of the Member Banks of the Federal Reserve System
themselves.
25/-
23/-.
35/—
"
" 73/9
,
13/6
24/9
121/3
^
'
Rio Tinto—u——
quotations are "M. & M. M.'s" appraisal of the major United-States
markets, based on sales reported by producers and agencies* They are reduced to the
basis of cash, New York or St. Louis, as noted. All prices are in cents per pound. V-f
Copper, lead and zinc quotations are based on sales for both prompt, and .future
deliveries; tin quotations are for prompt delivery only.
^
.4
In the trade,
domestic copper prices are quoted on a delivered basis; that is,
delivered at consumers' plants.
As delivery charges vary with the destination,-the
35/31/6
£7V2
,
74/-
23/6
London Midland Ry—_
£ 12
35/-
13/6
-
73/9
£58
£ 12Va
122/6
•
.
Metal Box,,...,
Following is the weekly statement issued by the Board of Governors of
ing the principal items of resources and, liabilities of the reporting member
which
74/9
13/6
30/9
73/ 9
31/9
£7%
7%V
74/9
1 £
Feb. 20
£58
>
31/9
''
25/3
Rand Mines
73/9
£59y2
£ 121/*
37/6
32/3
■v:f'£7%
Hudsons Bay Company.—
Imp. Tob. of G. B. & I-—.
above
The
•
instances: ap¬
some
concerned
less
and
supplies,
conserve
37/6
£
—.
Electric & Musical Ind-—
f. o. b, refinery, 11.775c.,* export copper, • -ft o; b. refinery,
11.700c.; Straits tin, 52.000c.; New York lead, 6.500c.; St. Louis lead,
6.350c.; St. Louis zinc, 8.250c.; and silver, 35.125c.
of quicksilver
use
to
8.25.
:
copper
increasing,
imports
6.35
:
calendar week ended Feb. 21 are:
Average prices for
quotations.
Quicksilver
.
6.50
/ 52.000
73/9
75/-
Ford Ltd.
Feb.
to
y;
11.70°
11.775
31/-
Cable & Wire ord.
y; 6.35
Friday
Feb. 19
31/6
8.25
Distillers Co
Average.
Feb. 18
31/6
8.25
6.50
.
Feb. 17
31/9.
Pure
Drugs
British Amer. Tobacco—Closed
6.50
52.000
11.775
25
>
<
Holiday
Holiday
11.700
24
52.000
52.000
Boots
6.35
6.50
11.700
21
52.000
St. Louis
Tuesday Wednesday Thursday
Feb. 16
Feb, 14
6.35
11.700
11.775
52.000
52.000
St. Louis
Monday
Saturday
Zine
6.35
11.775
23
52.000
52.000
25
New York
New York
19
■
Feb.
--Lead-—
\
.
20
52.000
52.000
,
Straits Tin,
Exp. Refy.
Dom., Reiy.
Feb.
//v-
("E. & M. J." QUOTATIONS)
METALS
—Electrolytic Copper—
Feb.
19
Feb,
future
for
follows:
as
was
tin
-
of
£83,000,000 in January to the new issue of govern--
-ment tax reserve certificates are closely reflected in the:
^effective; decline in-.clearing bank deposits-which allow-:
r
Course of
The Week with the Federal
Reserve Banks
During the week ended Feb. 25 member bank reserve
balances decreased $537,000,000.
bank
Reductions in member
arose from increases of $534,000,000 in
Treasury deposits with Federal Reserve Banks, $83,000,-
Reserves'
in
000
in circulation and $8,000,000 in Treasury
money
cash, and a decrease of $12,000,000 in Reserve Bank
credit, offset in part by increases of $3,000,000 in gold
stock and $2,000,000 in Treasury currency and a decrease
$97,000,000 in nonmember deposits and other Federal
of
Excess
Reserve accounts.
Feb. 25
reserves
of member banks on
estimated to be approximately $2,880,000,-
decrease of $580,000,000 for the week.
000, a
The
ities
were
an
of
increase
$12,000,000
United
in
States
Government bonds.
balances and related
items during the week and the year ended Feb. 25, 1942,
Changes in. member bank
were
follows:
as
-
,
reserve
*
-
;
:
-
V
Increase ( + ) or Decrease
discounted
Bills
Feb. 26,
Feb. 18, 1942
:
■■■
$
(—)
Since
Since
Feb. 25, 1942
1941
s.
•.
4,000.000
+
1,000,000
1,000,000
U. 8. Govt, direct.
obllg._
2,258,000,000
+
12,000,000
79,000,000
Govt.
guar.
obhe._
4,000,000
(not
includ.
8.
U.
Indus,
adv.
$15,000,000
Feb.
Other
Total
Bank
Res.
creditcredit
Treasury
bank
Member
Money
res
Treasury
bal—
2,392,000.000
—
den.
+
+
12,521,000.000
1,000.000
25,000,000
12,000.000
+
169.000.000
3.000,000
+
536,000,000
2,000,000
+
165,000,000
-1,654 000,000
—537,000,000
+
83,000,000
2,189,000,000
with
89,000,000
+
11,422.000,000
cash
Treasury
Reserve
—
3,266,000.000
circulation—
In
—
117,000,000
22.715.000.000
currency
+
8,000,000
+
2,697,000,000
15,000,000
—
Fed
Banks
and
$4.04, compared with
a range
and $4.04 a week ago.
.
of between - $4.03%
*
;
-
ing
■
•
r
(
j
ket loans
-of Jan.
V:?; Last
agreement undertaking
both to
1, 1942.
•ther P.
R.
+ 534,000,000
1,442,000,000
97,000,000
+
430,000,000
A
accounts—
risen
war
+
from
just prior to the*
to an estimated 65%
*
*
about 45%
'
-
-
in-i
money mar-:
by the end
-
'
in
While the United States Treasury has been selling some
gold, presumably to Latin-American countries with export balances, its present gold stock of $22,735,000,000i
/constitutes 80% of the world's monetary supply. A recent study of the balance of international payments of
the United States in 1940, by Hal. B. Lary and Paul B.
■
'
v
continue 1 to supply
--
Dickens, shows that from 1935 to 1940-United States
gold imports totaled $14,700,000,000. Apart from gold
peace and improved World-wide economic rela¬
placed under foreign earmark, $4,200,000,000 was bought
tions after the war.
To that end they; declared their
from foreign countries in 1940, $2,800,000,000 more than
was required to meet their current expenditures.
purpose to participate with "all other countries of like
This
mind" by means of international and domestic measures
net capital inflow represented mainly refugee fund^ and
in the expansion of production,. employment, and the 1;.was invested largely in securities.
British reserves had
been depleted by $2,300,000,000 by the end of 1940 and
exchange and consumption of goods, in the reduction of
tariffs and trade barriers, and in the elimination of all
the 1941 deficit of the sterling area was estimated at
forms of discriminatory treatment in international com¬ y $1,500,000,000.
However, Canada supplies $200,000,000
merce.
Foreign traders greeted the pact with approval : and the other Empire countries $640,000, a year to pay
mutual
aid
under
Act and to
the Lend-Lease
promote
y
world
'
•
•••
as
798,000,000
deposits
approximately
approximately 65% of the $11,413,000,000
privately held direct guaranteed United
States obligations was absorbed by non-banking lenders,'
according to the current Federal Reserve Bulletin, there-,
by limiting inflation of bank credit.
During the second
half of the year, when private holdings of United States
Government securities rose by $7,886,000,000, the~im-.
provement was still greater, as the commercial banks'
took only $1,700,000,000, or less than 22% of the increase,:
while some $4,300,000,000 was invested largely in de¬
fense savings bonds.
providing
basis for a more liberal post-war, eco¬
a
for British
—
591,000,000
but pointed out that its objectives cannot
be achieved without the cooperation of Congress, which
/ ' Under
through its control of tariff policy could erect barriers
Pon-member
were
year
increase
-
Following six months of negotiation the Governments
of the United States and Great Britain on Feb.: 23 signed
an
have
beginning of the
•
.*
exchange is not quoted on Germany, Italy,
or
any of the invaded European countries.
(Exchange
on China and
Japan has been suspended by Government
order since July 26.
In New York exchange on these
countries was similarly suspended, but trading in the
Shanghai yuan was resumed on Aug. 4. undjer special
Treasury license.
•
I
collection,
under
checks
vested in British Government securities or
Official rates quoted by the Bank of England continue
unchanged: New York, $4.02V2-$4.03Vz\ Canada, 4.43-4.47
(Canadian official, 90.09c.-90.91c.; per United States
dollar); Australia, 3.2150-3.2280; New Zealand, 3.22803.2442.
for
.-£78,000,000 less than in December..- Bank deposits
,
.
8.000,000
Bank
stock
Gold
1,000,000
commit.—
25)
Res.
-
sterling exchange is narrow and trans¬
actions are light.
The pound is steady around official
rates.
The range for sterling this week has; been be¬
tween $4.03% and $4.03% .for bankers' sight, icompared
with a range of between $4.03% and $4.03% jast week.
The range for cable transfers has been between $4.03 %
In London
principal change in holdings of bills and secur¬
was
Steriing fxctange
The market for
No. 42
nomic system,
a
with
force
purchases outside the lend-lease program.
;
simplified form of freezing control placed in
the
issuance
of
amended
General
License
Feb.
23, most refugees in the United States,
other than nationals of Japan whether they arrive here
against imports from debtor nations as it did after the
on
*
last
Foreign Money Rates
In
London open
Friday
market discount rates for short bills
1 1/32%, as against 1 1/32%
Friday
of last week, and 11/32—1 1/16% for three monihs' bills,
as
against 1 1/32—1 1/16% on Friday of last week.
Money on call at London on Friday was %%.
on
were
war.
.
•
The record War Supply Bill of
on
-
;v
' j,
before
;
their
$32,762,737,000 reported
or
after June
funds freely,
17, 1940, will be able to withdraw
but must report to the proper Fed+
era! Reserve Bank on Form TFR-42 before effecting any
favorably by the Senate Appropriations Committee on
- foreign exchange transaction. Accounts of Japanese naFeb. 23 provides funds for the construction, of 2,877
cargo ships and equipment for an army of 3,600,000.^ In vtionals or concerns previously blocked because of the in,-terest of such individuals remain blocked. Frozen assets
addition to the $5,330,000,000 in direct lend-lease-aid
voted by the House, another $95,000,000 is included in -owned by Axis agents, foreign governments, or by in.
•
dividuals
or
located outside the United States
concerns
CHRONICLE
THE COMMERCIAL & FINANCIAL
Volume* 155 "'Number'4051
Weekly Return of the Board of Governors of the Federal Reserve System
„
likewise kept under strict control by the Treasury
Department's Foreign Funds Control Division. Nationals /
of China, who were previously subject to the more rigid;,,,
provisions of General License No. 68, are now permitted -*
to withdraw funds under the general license system.
are
BANKS AT THE CLOSE OF BUSINESS FEB. 25, 1942
K COMBINED RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE
f.
-
Three Ciphers
(OOQ)
a.
•. >
15)41
~
.
*
- -Feb.48,
Feb. 26,
Feb. 25;—
•:
.'.-.v. 1942 ;
Omitted
;
valued at about $7,000,000,000 is be- :;
Assets":- 'V. v.'!
$ • ing administered by a three-member committee of the
tGold ctfs. on hand and
Treasury Department as part of the frozen funds control,
'due from U. 8. Treas._
20,502,517
Redemption fund
(Fed.
Secretary Morgenthau disclosed last week.
EnemyReserve notes)13,139
owned firms with important war contracts, such as the
333,301
♦Other cash________
General Aniline and Film Corporation, are being taken
:
:.: Total reserves—.——
20,848,957«:
over
by the Treasury Department, which will divest
;them of enejny control and keep the enterprises intact.- Bills discounted: ' '
Secured by U. S. Govt^
During the World War the Alien Property Custodian
oblig., > direct
and
administered about $500,000,000 of enemy assets, he said.
3,311
guaranteed
570
Other bills: discounted.
$ Qn Feb*-19 ^he New Yor£ Foreign Exchange Com¬
mittee notified the foreign exchange market that it had
3,881
Total bills- discounted—
received a circular letter dated Feb. 13, 1942, from the
Industrial advances
8,499,
New York Agency of The Standard Bank of South
U.
S. Govt*
sec.,
direct
and guaranteed:
Africa, Ltd., stating that import regulations now applies
1,569,986
\ Bonds-.
able in Southern. Rhodesia require that import permits
Notfes
__i.„—
692,500:
be obtained Covering orders placed and accepted after
Bills
t)ec. 25, 1941. Drafts and documents presented for nego¬
Total U. £>. Govt, sec.,
tiation covering the?e orders] except those drawn under
direct & guaranteed
2,262,486
existing irrevocable letters of credit, should be accom¬
panied by the relevant import permit numbers and the
Total bill$ and sec.,
.2,274,866
Enemy property
1942
'
-™ -•'•"Feb.
•>.;•:
1942
-
-
-t
J(i
-
t
1942
Dec,
7,
.
1941
31,
-y-
1941
$
$
$
20,523,015
20,488,015
20,490,017
13,437
13,436
13,669
13,668
-
.20,521,517 ••20,522,016
/ 20,490,015
9,244
13,019
12,737
11,660
12,195
337,781
352,419
342,320
350,171
371,455
353,083
337,653
296,423
260,678
20,308,800 -.20,868,953
20,884,575
20,883,348
20,905,666
20,889,535
20,839,104
•20,800,109
20,764,361
;■ i
-
A
•..p .-*•• ;:•>?
.
4 • xj'.:*
•
2,092
2,432
025
715
,
3,144
732
8,877
.
2,518
1,991
1,768
1,064
-v-CCV' 2,129
1,187
:3,582
•fe^j 4,120
9,512
9,619
1,551,605
692,5001
6,000
1,466,805
1,466,805
1,466,805
777,300
777,300
10,370
10,370
2,234
3,088
857)
til-
,
3,738
>
'
3,969
s
3,945
9,024
;-
;
3,203
9,001.
3,092
8,553
f
3,006
1
2,377
712
"
7,840
......
■'9,421
'J
2,955
f
;
9,504
;"V\-
V" K ' ;•
'
1,284,600
*v
1,557,566
899,500
——
^
r
,
20,529,518
20,503,515
19,961,281
Jan. 14,
-- -
1942
;/iv'
1942
•
$
*
r
Jan. 21,
Feb-. 4p.«---
llj-r
1942
y
692,506
1,550,155
692,500
*
i,550,155
692,500
(
1,550,155
692,500-
r
—
r
t
777,300
'
10,370
{
■
2,250,060
2,194,657
if known.
;
.
Due
-
fluctuation during
the week on slight turnover.
Subscriptions to Canada's
second $600,000,000 Victory Loan amounted to $55,661,600 on Feb. 23, the largest single day's return since the
campaign opened on Feb. 16, and brought the total on
that date past the half-way mark to $310,810,750.
The Dominion deficit for the first 10 months of the
current fiscal year was $221,000,000 at the end of Janu¬
ary; Reyenues increased 75 % ovqr ayear agoto $1,143,000,000, and expenditures rose 48% to $1,364,000,000.
War costs of $998,000,000 represented an increase of 77%
oyer those in the preceding fiscal year*
Data compiled
by the Dominion Bureau of Statistics show that 15 coun¬
tries which in 1938 imported $19,000,000,000 of the total
world import trade of $24,000,000,000, in 1941 lost more
than 35% of the indicated total trade of $11,750,000,000.
The remainings two-thirds was diverted into war chan¬
nels. Canadian imports from the United States in 1941.
were 2.33 times those of 1938.
The annual report of the
Bank of Canada for 1941 shows holdings of sterling and
United States dollars of $200,861,155, compared with
$38,429,278 in 1940. The report explains that by selling
sterling to the Bank of Canada on a temporary basis,
the Foreign Exchange Board obtained Canadian dollars
to assist it in financing its operations, reaching a peak
of $295,000,000 on June 25;
Montreal funds ranged during the week between a
discount of 11%% and a discount of 11V4%.
The
Continental and Other Foreign Exchange
c
from
Federal
Canadian dollar showed little
?,242,655.
2,250,105
.2,254,475
2,255,624
2,262,729
2,267,569
£ 2,268,214
47"
f*
,
47
25,717
1,171,571
859,348
1,170,713
40,734
39,952
40,719
.
53,200
48,829
48,456
___
23,476,182
24,412,659
assets
•
O.
•
938,444
47
47
47
47
34,036
37,217
39,414
36,287
1,127,981
1,210,160
'994.637
1,008,459
40,710
<
<
40,759
;m
43,679
24,191,038
24,352,799
24,440,328
24,400,246
8,230,125
8,198,916
8,170,584
8,178,757
8,192,169
'■ 13,145,468
12,991,582
12,716,754
12,450,333
""V
;:
in
•
circulation——"
8,422,164
8,438,100
5,076,775
8,505,938
8,351,642
banks
account
reserve
40,767
44,035
$24,274,822
24.267,881
f\ '■
actual
1,200,724
40,761
45,439
45,133
998,458
40,792
•
40,785
'
notes
Deposits—Member
;
$46,186
47,144
24,194,784
24,416,735
_
Reserve
47
■
32,779
40,718
49,598
Liabilities?
14,174,724
12,521,173
12,848,808'
13,074,608
376,245
,302.149
13,057,722
12,905,279
263,522
626,097
318,516
;
680,744
628,823
/
U. S. Treas.-—General
account
.
Total
deposits
-
625,385.
504,342
619,386
14,473,831
1,054,688
____
liabilities,
1,132,043
649,887
items!—.
Deferred avail,
Other
367,887-
798,429
Foreign
Other deposits.——
■
16,294,040
14,572,726
14,533,362
831,037
1,028,672
861,625
3,082
682,406
3,421
;
684,55T
.
3.739
.
3,561
,
,
23,105,413
24,038,196
Total .liabilities
paid
24,042,580
139,586
143,056
™
-
157,065
157,502
13-b).
26,781
26,785
26,781
26,781 (
47,095
47,333
46.816,,
46,889
.24,412,659
23,476,182
liabilities
■-
14,755,556
14,678,058
1,087,392
880,244
1,106,929
3,323
3,179
2,550
'2,150
23,817,107
23,979,306
•
24,026,123
24,066,318
142,902
142,872
142,780
157,502
142,923
143,040
157,502
7)_
capital
14,805,163
1,007,506
157,502
157,502
26,780
26.780
46,969
46,948
24,400,246
24,440,328
23,900,640
23,893,739
23,820,572
(section
Total
-
14,816,378
;
-
:
143,085
157,502
-
in
capital accounts-
Other
787,364
588,184
2,852
2,653-
■
(section
Surplus
Surplus
640,156
911,721
Capital Accounts
Capital
663,254
.754,816
656,951
*
14,755,942 ;
14,592,010
947,434
posits
157,502
26,781
•
46,936
f
26,781
$46,997.
(
,
$24,274,822
24,194,784 i24.267,881
24.416,735
Res.
industrial
to
Distribution
and
,013%.
90.7%
.90.7%
,
91.0% '
,
r
91.0%
.
of
•:
14,987
5,066
14,921
''Vy
•;> y;.:
r
•
France,
Algeria,
territories administered by
and
:
ing the unit one of the strongest currencies
today.
Exchange on the Latin American countries
; special feature.
The
i United States currency
176
61-90 days bills disc.__
140
increased expense
of
shipping
discuss the project
with officials of the Export-Import
sign a contract for a.$25,000,000 loan to
•Cuba.
^
r
."y---
V
reported record high gold exports in Jan; uary amounting to $750,000.; Premier Somoza pointed^,
out that operations in Nicaraguan mines are dependent
;
on the
receipt of needed materials from the United
^States.
Ecuador has taken measures to freeze the funds
of nationals or companies of countries at war with the
United States, it was announced on Feb. 23, and is forbidding persons and concerns on the United States
blacklist to engage in exchange transactions or to receive import or export permits.
Nicaragua
,
'
•
24,352,799
■
■
90.8%
14,834
14,597
.
-
•
i
90.7% r: '
150
135
156
163
Over 90 days-
'
'A"
'
1-15
31-60
.
bilis_-_:_---i———
3,881
2,717
1,355
3,144
2,225
2,399
3,092
2,495
318
148
343
396
178
adv.^rii-1- y
61-90 days ind. adv.__
days ind.
Over 90 days
361
-
Total industrial adv.--" ~
.
5,827
205
-
*Govt.'
S.
direct
and
31
67
48
110
108
462
318
-219
136
249-
327
560-4
73*
,
392
7,840 "
"8,499
a
8,553
;
3,945
3,203
2,680
3,166
405
321
203
149
215
195'
i
342
'
;
,
v
;
8,877
;
.
9,ooi
182
«
378
471
162
221
5,519
.
..
9,512'
.
9,504
9,819-
;
5,317
1,000*
95,170
95,170
2,262,486
Govt.-
S.
95J70
6,000
2,f09~3OO
2,250,060
2,242,655
2,242,655
2,242,655
2,244] 105
2,158,305 .1; 2,158,305
2,158,305
2,262,486
2,184,100
2,250,060
2,242,655 .2,242,655
2,242,655
2,250,103
2,254.473
2,254,475
8,739,078
8,671,848
a,647,111
8,629,228
8,623,423
387,436
441,723
448,195
458,644
444,666
419,757
8,230,125
8,198,916
8,170,584
8,178,757
8,192,169
8,800,500:
8,790,500
8,760,500
8,734,000
8,724,000
2,696
3,191
y/,. 3,756
8,793,196
8,763,691
8,737,756
days™.
U.
3,116
' 44,
'
74,800
31t60 K "day sl____.
Total
142
securities,
! '■ Over 90 gaysi-X—
ciirities --direct
:
778
2,955
695
5,428
9,421
9^024
,
i-
H.
3,042
•'
156
?
5,537
5,372
5,384
•
418.;.:
guaranteed.
daysl
61-90
55
4,120
600
3,738
lrl5.:;day,s_-l_.--._-_^
16-3Q
4/
633
3,133
399
■
~:
3,582
2,673
.
5,430
'■:U '•
U.
174
'
153
f
5,428
114
256
5,339
ind. ady.—
32
.
308
407
-
1,878
3,127
37
.
153
-
2,624
3,173
y<; y
23
'
days ind. adv.____
days ind. adv._
; Total
16-30
bills disc._
/
-
2,310
427'
24
274
bills disc.;
-
guaranteed
'
se-
and
_
__
:
2,254,*473
Federal Reserve Notes
Issued
Fed!
to
Bank
Res.
8,886,489
R. Agent
Fed. Res. Bank_ -4- 380,551
by F.
Held by
In actual circulation.!
Collateral
as
due
ctfs.
B,860,234
422,134
-
282,487
390,808 f.
8,438,100
8,976,775
8,505,938
8,812,972
8,422,164
8,351,642
8,992,000
8,952,000
2,692
2,717
8,860,500
3,394
and
"
9,044,000
6,386,500
3,309
S. Treas._
collateral
"Other cash"
'. tThese
devalued
_
100
6,389,049
9,047,309
_
'
•>4,, 2,549
does not include
8,994,692
8,954,717
•
3,497
8,803,997
8,863,894
,
cents
given
'
Exchange on the Far Eastern
countries is dull.
"United
The
Kingdom
(a) need make
orders they
,
of
ritories.
Native populations in the Far
"And
India.
East
formerly absorbed a large part
authorities suc¬
efforts to substitute paper currency, but
ceeded in their
-
of the Silver Purchase Act in 1934
States has bought
andTnetal from ..the Chinese
The
Bankers
and Indian hoards,
Exchange
Foreign
.York announced on Feb.
cable from the London
both the current output
v
Committee in New
24 the receipt of the following
Exchange Control:
no
returns to the custodian
of balances
held for
residents of
Borneo who
solely because of residence in these ter¬
•*.
(b)
may
for such residents (1) honor obligations
(2)
ac-
icept and pay sterling check bills or drafts of such resi-
'
since the enactment
that
advised
been
under confirmed credits opened before Feb. 15;
of the world's sur-
plus'silver production until government
United
enemies
hoarding in view of the advance of Japa¬
forces toward
the
property
enemy
are
convert their paper rupees
nese
have
.British Malaya and British dependencies in
temporarily suspende<Lsilver -sales that day be¬
of the rush of natives to
bankers
pending issuance of any order similar to Hong Kong
March settlement rose abruptly
on
Friday last in the Bombay market to 70 rupees
8:annas from 66 rupees 14 annas as the Reserve Bank of
into metal for
•
by the
to 59.00 cents on Jan. 31,
price of silver for the.
cause
:
*1
Federal Reserve notes.
2,567
•
8,726,567
United States Treasury for the gold taken over from the Reserve banks when the dollar was
1934, these certificates being worth less to the extent of the difference, the difference
appropriated as profit by the Treasury under provisions of the Gold Reserve Act of 1934.
tRevised figures.
certificates
are
from
itself-having been
India
8,611,926
notes
hand
on
from U.
Total
-
6,259,262
agent
eligible paper
By
-
to bank—
issued
Gold
by
for
held
security
1
and to
270
103
»
is without
•
•Bank
16
in Europe
to Cuba, due to higher war risk
insurance charges, is reflected in the present premium
! on Cuban pesos.
Plans for the establishment of a Cuban
1 national bank of issue are reported to be complete and
a commission is expected to leave for Washington soon
; to
52
84
*
ported to have announced on Feb. 24 that the bank's
note circulation is covered by a 25% gold reserve, mak¬
:
2,526
185
the
National Bank was re-
24,191,038
'
2,211
French movement were blocked in
Secretary of State for Colonies.
The director of the Rumanian
47,032
'
3,079-
2,463 v
3,406
30
•
,
46,962
i
{i
Short-Term
211
Vichy dispatch of Feb. 22
tified with the Free
26,780
•
r
days bills disc.-..
16-30 days
31-60
"•
places French budgetary,
•receipts in November at-6,645,000,000 francs, compared,
with 9,700,000,000 francs in October and 5,700,000,000
frahes in November, 1940.
For the first 11 months of
1941 total budgetary receipts were 71,680,000,000 francs,
against 60,375,000,000 francs in the 1940 period, repre-.
senting an increase of more than 11,000,000,000 francs
despite a reduction of 5,500,000,000 francs in customs re-,
ceipts.
The National Railway Company issued a 15-year,
loan last week of 5,000,000,000 francs at 3Y2% in ex¬
change for the 10-year 5% bonds falling due on March 1,
The price of issue was 965 francs for 1,000 francs of
bonds, and old bonds were accepted as well as cash.
Under a law signed last April, but kept secret until
-Feb. 22, in order to ascertain the names of the persons
affected, accounts of individuals and organizations iden¬
A
157,501
.
26,780
14,427
14,277
14,272
14,132
14,690
•
83
"
rencies after the war,
«
157,502
Securities—
1-15 days bills disc.
000,000 francs.
'
142,180
142,687
'•
.90.7%
190.8%
90.9%
make
advances.._
•(
Conversion of part of the Swiss foreign
in the 245,000,000—
exchange between
Oct. 23 and Dec. 6, 1941 and in concomitant increase in
United States gold held under foreign earmark, is be¬
lieved to indicate that the Swiss bank is following a
policy of keeping a large'part of its resources in gold as.
protection against possible depreciation of other- cur-,
£
t
'
liabil. combined—
note
.
Fed.
and
Bills
exchange holdings into gold, reflected
franc decrease in the bank's foreign
$586,170
and
accounts.
Commitments
1
Swiss. National Bank by 1,028,-
$774,062
,
Ratio o$ total res. to de¬
Maturity
chiefly from France, Germany, and occupied European
territories, have increased the combined gold and foreign
867,493
418,609
729,779
284,180
716,060
663,125
V
includ¬
ing accrued dividends.
Large capital imports into Switzerland between May,
1940 and Dec. 6, 1941, believed to have been derived
•exchange holdings of the
2,266,934
31,903
47
v
27,920
20,672
assets
Federal
2,254,475
2,254,475
2,255,394
26,886
Uncollected titenis..:.-.-_i
Total
2,242,655
<
of
notes
banks
Bank premises.-.;iii—
Other
-
'
47
foreign banks.
Reserve
other
i
2,254,624
2,261,757
...
date of issuance,
2,242,655
-
2,184,100
!
dents when
presented by
who became
fore Feb.
a
'-with
resident of the sterling area
15; (3) carry out orders, including standing or¬
ders, involving
vdom
a
holder for value and had possession be-
a
sterling payment in the United King-
given before Feb. 15; and (4) credit their accounts
normal
receipts,
dividends and other
such
as
salaries,
periodic receipts."
-
emoluments,
v..
*
-
-
THE COMMERCIAL & FINANCIAL CHRONICLE
890
Condition of the Federal Reserve Bank
-
-
Foreign Exchange Rates
of Hew York
the requirements
c "Pursuant to
of Section 522 of the Tariff Act of 1930; the Federal Reserve Bank is now
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
-
The
following shows
Reserve
Bank
of
^the conditionclose the business
of of Federal
at the
New
We give below a record for ^ week just ^
^
York
Feb. 25, 1942, in comparison with the previous week and
the
corresponding date last
;
Assets—
•Gold certificates
hand
on
Redemption fund
$
•
due from U. S. Treasury
.
'
$
1,670,000
85,447,000
8,202,108,000
9,782,479,000
.
tother Cash———
'•
"
•
Feb. 21
Feb. 23
-
;
Feb.'24
.
F
65,145,000
•
Belgium, Belga
Bulgaria* lev
Total reserves—
8,106,678,000
\
iBills discounted:
Secured
'
•
by U,
Govt.
S.
*/'
[
guaranteed—
Czecho-Slovakla, koruna
-
j
krone
Denmark,
"
■
.
—i—
England, pound sterling-
obligations, direct and
Official
1,508,000
—.
Other bills discounted—
1,199.000
25,000
30,000
.
1,425,000
!
Total bills
discounted-
1,229,000
Finland, markka
1,097,000
•
1,754,000
jU. S. Govt, securities, dii
rect and guaranteed:
433,522.000
Notes
Norway, krone
curities.
624,742,000
*
Total
bills
.Due from foreign
635,858,000
18,000
18,000
18,000
4,234,000
2,978,000
2,018,000
banks
277,776,000
266,313,000
10,489,000
10,489,000
—
;Other assets
.*
y.,y
■
13,726,000
13,315,000
14,870,000
v' v .'
"
.
""
•
"
• -
? V';-'
ASIA—
9,040,293,000
IF.
R.
j
culation—
jDeposits:
2,170,213,000
2,149,418,000
1,575,332,000
t
t
§
,
Yen
Straits
Member bank—res. acct.
5,611,850,000
5,825,246,000
U. S. Treas.—Gen. Acct.
251,305,000
66,800,000
123,068,000
S
Foreign——
258,713,000
245,286,000
626,729,000
483,841,000
489,586,000
;
s
t
—.
§
.
;v;'
§
t
;
t
.
t
t
t
t
.301215
t
*301215
Holiday
t
t
t
—
t
t
.
.301215
.........
dollar
t
t
rupee———
Settlements,
.
t
(yuan)
(yuan)
t
—
t
t
-
(yuan)
t
■
t
7,516,620,000
!
§
.
§
franc
§
§
§
......—...
(British),
Japan,
j
.301215
§
t
_.
t
.
India
—
.—
.301215
t
§
Hong Kong, dollar
cir-
actual
notes in
t
§
-—.
China, Tientsin dollar
{Liabilities—
t
t
China, Hankow dollar (yuan)
9,118,687,000 10,638,087,000
.
t
China, Shanghai dollar
Total assets-.
t
1
t
t
t
China, Chefoo dollar
v~. ■:"/
■'
-Vv■•i;-.1'j.->. W« •'/'
t
Yugoslavia, dinar
9,086,000
Bank premises...—
t
'
t
krona
Switzerland,
193,158,000
—
Sweden,
4.035000
t
.........
peseta
Spain,
4.035000
t
—
Rumania, leu
632,503,000
'5
-
|F. R. notes of other banks
'Uncollected items.—.—
•••'•
.623,466,000
and securi-
ties
•
621,140,000
627,372,000
guaranteed
4.035000
4.035000
••'.^ J.;
.
Portugal, escudo
and
direct
■.
t
'—
Netherlands, guilder
260,490,000
•
t
t
372,013,000
Poland,, zloty
t
t
-i
429,972,000
Total U. S. Govt, se-
i
pengo
191,220,000 : 191,168,000
v.
'
t
;
...
t
Italy, lira
| Bonds.
|
j
,—
drachma
Hungary,
*';
t
—.—
reichsmark
Germany,
Greece,
Holiday
^
•
1,601,000
1,097,000
1,533,000
advances.
4.035000
4.03^000
4.035000
•
4.035000
/
4.035000
'''
176,000
'
4.035000
-p.
Free
France, franc
jlndustrial
i
'
F. R.
—
'
;
'
*
1,757,000
68,406,000
'. •
Value in United States Money
9,695,275,000
1,487,000
'
Buying Rate for Cable Transfers in New York
Monetary Unit
Country and
8,132,032,000
**
.
bank to treasury under tariff act of 1930
FEB-20 to feb. 26, 1942, inclusive
Noon
-
8,040,046,000
Notes
:
'
Feb. 26,1941
Feb; 18, 1942
^
foreign exchange rates certified by federal reserve
"
year.
Feb. 25, 1942
Monday, March 2, 1942
j; Other deposits—
388,167,000
-.
-
AUSTRALASIA—
Australia, poundOfficial
!
•
Total
iDeferred
deposits.—
6,510,035,000
6,621,173,000
218,635,000
810,000
608,000
3.228000
3.228000
3.215033
3.215033
3.215033
3.227833
3.227833
3.227833
3.227833
3.227833
3.980000
3.980000
3.980000
3.980000
3.980000
.909090
.909090
.909090
.909090
.886071
.885089
882734
.885937
.205625
.205625
.205625
.909090
.909090
.909090
.882500
.880208
.883541
3.215033
790,000
<
177,834,000
availability items
New
Zealand, pound
AFRICA
jother liabilities including
|
3.228000
'
8,756,003,000
230,280,000
3.228000
3.215033
3.228000
—
Free
accrued dividends—..—
Union of South Africa,
pound.
i
]
Total liabilities—
i
Capital Accounts—
1 Capital
8,911,338,000
52,229,000
52,223,000
51,509,000
...
56,651,000
56,447,000
Free
7,070,000
of
total
deposit
[•
dustrial
13,102,000
.205625
———
F.
9,040,293,000
to
cash"
w n.
?w
,
BOUTH AMERICA—
-
:'94.7%
in-
365,000
not include Federal reserve
notes
or
Brazil,
,
,
,
,
.
297733*
,237044*
.237044*
.060580*
,060580*
.060580*
.060580*
.060580*
.051385*
Official
bank's
a
.297733*
.237044*
.051360*
.051385*
.051385*
.051385*
.569925*
f
.297733*
milreis—
Free
_
SSSIlfSlr
.297733*
.237044*"
Free
665,000
\
.237044*
,.2.97733*
Official
'
-
Federal Reserve bank notes.
Holiday
.883541
Argentina, peso—
'93.5%
435,000
does
..
.
f
,
93.4%
make
.909090
.
9,118,687,000 10,038,087,000
to
note
R.
.205625
Newfoundland, dollar
.883125
advances
t "Other
own
Mexico, peso
7,070,000
12,909,000
liabilities combined
and
Commitments
1
and
reserves
i
■
.886015
«—
—
'V^'p
liabilities
capital accounts—,
! Ratio
7,070,000
13,005,000
(Other capital accounts
i
\
.909090
jSurplus (Section 13b)
Total
.909090
Official
56,651,000
paid in
I.
Canada, dollar—
..
{Surplus (Section 7).
|
j
NORTH AMERICA—
8,989,834,000 10,509,959,000
.
—
'
Chile, peso^—
V; * These are certificates given by the United States Treasury for the
gold taken over from the Reserve banks when the dollar was,
on
extent
having been appropriated
as
of
the • difference,
profit by
sions of the Gold Reserve Act of
the
difference
Colombia,
itself
the Treasury under the provi¬
1
Controlled
1934.
Nominal
Money Rates
on
was
new
*,527833*
_
The market for time money continues quiet.
Bates
There have been
count
to six months maturities.
The
vances
mercial
somewhat
has
been
easier
this
on
week,
footnote
of rates
the line.
a
Rates
are
unchanged although there has been
slight stiffening all along the line. Rates
are
no
Government
the
to
now
table.
New
supply
of
bills
available.
Dealers'
excess
rates
re¬
bills up to and including 90 days are Vz% bid. and 7/16
asked; for bills running for four months, 9/16% bid and
l/z% asked; for five and six months, %% bid and 9/16%
asked.
The bill buying rate of the New York Reserve
Bank is Vz% for bills running from 1 to 90
days.
banks; recent ad¬
are
shown in the
following is the schedule
—
—
—
Minneapolis
Kansas
Unlisted Securities
908
Bond
General
Proposals and Negotiations,
Previous
Rate
1 Va
1, 1939
Sep
Aug 27, 1937
.
'
l'/a
Sep
4, 1937
2
lVa
May 11, 1935
-
——
—
Redemption Calls and Sinking Fund Notices
882
of Reserve
•Advances
on
—
909
890
890
890
888
910
Banks
890
Non-Ferrous
Metals
888
909
Market.
887
2
Condition of N. Y.
Condition of Federal Reserve Banks:
*1 Va
Aug 21, 1937
2
*lVi
Sep
1V&
Reserve Bank
890
Combined
889
Individually
909
2, 1937
2
Federal
Aug 24, 1937
2
Weekly Federal Reserve Changes
888
3, 1937
2
Brokers'
909
Sep
Aug 31, 1937
2
3, 1937
2
Sen
Government obligations bear
a
rate of 1%, effective
Sept. 1, 1939, Chicago; Sept. 16, 1939, Atlanta, Kansas
Sept. 31. 1939, St. Louis.
.888-908
Sterling Exchange.
England Statement
2
*lVa
Dallas
Ban Francisco
goa
Course of
Hank of
Aug 21, 1937
*1%
City
882
Central Banks
Aug 27, 1937
IVt
-
911
Dividends
Discount Rates
2
873
Corporation and Investment NeWs
Weekly Return of Member Banks
Weekly Return of N. Y. City Clearing House. .7.
Bankers Acceptances
New York Money Rates
Foreign Exchange Rates...
Foreign Money Rates
The Course of Bank Clearings.
•
Established
905
State and City Department:
Discount Rates of Foreign
Date
891
goi
Exchanges...
*IV*
—
Louis
1
Stock
lVa
Atlanta
6t.
ported by the Federal Reserve Bank of New York for
Page
1%
—
Richmond
Chicago
Feb. 27
1
Philadelphia
quiet this week with the demand largely in
the
—.
York
Cleveland
The market for prime bankers' acceptances has been
of
The
Rate In Effect
Boston
very
obligations
'
'
New York Stock Exchange
New York Curb Exchange
Discount Rates of Federal Reserve Banks
Federal Reserve Banks
;
.527220*
'
different Reserve banks:
at the
%%—•%%
Acceptances
.658300*
.527220*
INDEX
in effect for the various classes of paper
for all maturities.
Bankers'
.658300*
.527833*
omitted.
changes this week in the redis¬
of the Federal Reserve
rates
but prices have shown a tendency to firm up all along
paper
.659300*
.527833*
Other
con¬
com¬
.658300*
J
Reserve Banks
tinued nominal at 1^4% up to 90 days and 1^% for four
demand for prime
.569925*
Quotations:
loans and renewals.
through the week for both
f Temporarily
available,
ratea
f No
rate,
the ruling quotation
all
.569925*
Discount Rates of the Federal
the Stock
Exchange from day to day, 1%
§
.569925*
658300*
——
Non-contrelled
Dealing in detail with call loan rates
-
§
.569925*
peso w
=~!£5i
5
Uruguay, peso—
•
New York
——
Export
31, 1934, devalued from 100 cents to 59.06 cents, these certificates be-
iing worth less to the
§
§
Official
Jan.
City and Dallas;
Crude
Reserve
Note
Statement
909
Loans
Oil
Output...........
Railroad Earnings for December
London Stock Exchange
English Financial Market.
Electric Power Output for Week Ended Feb. 21
Auction
Sales
Brokers' Balances
887
881
888
;
887
887
903
i
908
Stock and Bond. Sales
AILY
Transactions at the New York
Stock Exchange
Below
Total
Stocks,
Railroad
Week Ended
Number of
and Miscell.
Foreign
Government
Shares
Bonds
Bonds
Bonds
Sates
furnish
we
a
$7,245,000
35.000
the range for the year.
No account Is taken of sash sales In computing
on
the New York Stock Exchange
daily record of the transactions in Treasury, Home
Owners' Loan and Federal Farm Mortgage
week.
Figures after decimal point represent one or more 32d of a point.
:M
$8,000
$185,000
$7,052,000
213,990
21 Feb.
24 Feb.
23 Feb.
25 Feb.
26 Feb.
27
8.254,000
339,130
Friday....
362,640
8,646.000
428,000
8,000
20,000
9,000
7,867,000
353.200
7,847,000
7,564.000
6,961.000
372,000
Wednesday
Thursday
1,662.820
$38,070,000
$1,647,000
$80,000
Feb.
Daily Record of U. S. Bond Prices
HOLIDAY
Monday
YEARLY
-
Corporation coupon bonds on the New York Stock Exchange during the current
-
Bond
Feb. 27, 1942
■
W E E K LY
-
U. S. Government Securities
Daily, Weekly and Yearly
United States
New York Stock Exchange
«»
unless they are the only transactions of the day.
sales are disregarded In the day's range,
NOTICE—Cash sad deferred delivery
Saturday
891
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
155
Volume
26 Feb.
Feb.
23
Daily Record of U. 8, Bond Prices Feb.
27
$39,797,000
Tuesday-
393,860
■
295,000
.
367,000
,
7,348.000
9.083.000
Treasuiy
114.23
(High
*
Treasury
114.23
4K».1947-52--..Low.
(High
2^8.1950-52..
... —
(Low.
1,647,000
2,563,000
20.931,000
29,321,000
3.50,938.000
321,902,000
$39,797,000
$32,308,000
$373,944,000
$354,634,000
Railroad A Industrial..
Total..
109.26
Low.
(Close
109.26
(High
(Close
Total sales in $1,000 units...
100.17
100
100 16
Low.
100.14
100
100.16
100.14
100
100.16
High
(High
1
2KB 1967-72—
Low
SHs, 1943-47
(Close
Close
Total tales in $1,000 units...
(High
High
Feb. 27. 1942
Shares)
Saturday
V
Domestic
Government
v
f
20,000
61,240
•
r.
Total tales
508,000
22,000
29.000
12,000
2,000
674,000
Total..-....",....
259,565
$82 .(MM)
52,778,000
y
,
,
-
:
.
■,
t
'
Jan. I to Feb. 27
Week Ended Feb. 27
« : ••
New York Curb
Exchange
«
Stocks—No. of shares.
■
t
-
Bonds
-
1942
1941
1942
-■■■*■■
1941 !:v
^
$•; 1951-5$.
$2,778,000
$3,927,000
$28,539,000
$42,547,000
Foreign government.::
82.000
30,000
705.000
301,LOO
Foreign corporate.....
36.000
27,000
250,0<M)
$3,984,000
$29.494.(MM)
$43,366,000
'
•
(Close
2s. March
107.20
DAY
Domestic
*
a
103.29
109.5
Close |
109.5
(Close
fHigh
108.21
(Close
Total sales in $1,000 units...
Below
the daily
are
stocks and bonds listed
*3
closing
on
of representative
averages
•'
(Close
f1,000 units...
Total sales in $1,000 units...
(High
(Low
(Close
2K«. 1948-51
Total sales in
I
10
First
Indus¬
Rail¬
trials
Second
10
Grade
Utili¬
40
Rails
ties
ties
Indus¬
Slocks
trials
Rails
13.58
27.69
105.38
36,24
105.88
53.61
92.66
HOLI
HOL1 DAY
Feb. 23.
2K». 1951-54
»-
Toted,
108.45
(Hlgn
Total sales in $1,000 units...
(Low.
38,1944-49
(Close
(High
..(Low.
195fl-59„>„
90.15
Feb. 24.
106.00
27.72
13.63
36.40
105.88
92.65
53.79
108.41
Total sales in $1,000 units...
27.58
13.57
36.26
105.75
92.54
53.58
108.41
90.07
105.88
27.58
13.59
36.32
105.69
92.56
53.61
108.39
(High
Low.
90.06
106.58
27.41.
13.56
36.45
105.66
92.66
53.84
108.44
3s, 1942-47
Total sales in $1,000 units...
90.18
105.64
Feb. 26.
90.15
."•8r.
■
27-J
Total sales in *1,000 units...
(Close
>
f
DAY
Feb. 25.
Feb.
(Close
(Low.
Bonds
65
Grade
Utili¬
roads
10
Total
(Low.
3Ks, 1944-64
(High
10
15
20
(High
Federal farm Mortgage
I
Fel). 21.
(Close
Total sales in $1,000 units...
$1,000 wittJ..
'
.
(High
(Low.
2s, 1953-55....
Bonds
■
:
v»2
the New York Stock Exchange
Stocks
30
100.1
(Close
•-
Total sales (ft
compiled by Dow, Jones & Co.:
Dale
100.1
{ Low
2s, 1951-55
(Low.
1945-47
100.1
(High
(High
2 f^s,
(Low.
2s, 1949-51. j
108.21
108.21
Total sales in $1,000 units...
Stock and Bond Averages
103.27
Tela! sales in $1,0C0 units
19
(High
1955-60-——Low.
(Close
103.27
(Low.
2s, Dec. 1943-50
109.5
> T^wi#aj«ifn»r;ooa«»iit«.--
2 Ht,
DAY
(Close
Total sales in $1,000 units..
10
,
'• •••Total.!
HOLI¬
1948-1950.—(Low
107.20
(High
-
■■■■,:
(High
107.20
HOLI¬
—-.--(Low.
*
-Low.
518,000
$2,896,000
-r-
1
Tela! sales in $1,000 units...
—-Low.
(Close
-
,■■*■■: :,'
-
109.14
$1,000 units J.
Total tales In
4,619,155
3,447,390
384,«65
259,565
4
2s, 1947. ... .
109.14
$1,000 units...
If, 1948-48.—
103.27
(High
109.14
(High
V
103.27
(Close
U-ow
(Close
Total salts in
103.27
Total sales in $1,000 units..
(High
$2,896,000
536,000
100 24
-
(Low.
2KB, 1954-56
Low.
JKs. 1949-52-
100.24
*3
.
(High
in $1,000 units...
559,000
660,000
^
*
Friday..
Total sales in $1,000 units.
686.000
666.000
59,330
Thursday
105.7
p
5
100.24
(High
(Low.
(Close
Close
'
■
647,000
4,000
■'
^
*1
2Ks, 1952-55.-l.-
105.7
IClose
i
3KB, 1946-49
$330,000
■
52.815
Wednesday
105.23
High
$1,000
22.(KM)
621.000
61.530
Tuesday
105.23
103.22
Total
HOLIDAY
Monday.
:
.
Total sales in $1,000 units...
Corporate
$6,000
$323,000
24,650
■
Foreign
Foreign
103.22
105.7
| Low
3K«. 1944-46
Value)
105.23
103.22
Total tales in Si ,000 units...
$1,000 units..
(High
Bonds (Par
Stocks
(Number
of
2
7
Low.
2KB, 1951*53.—
Close
Total sales in
:
Close
Low.
3K«.1943-45.
Exchange
Daily, Weekly and Yearly
Week Ended
103.2
1
Total sales in $1,000 units...
Transactions at the New York Curb
103.1
103.6
(Low.
2KB. 1956-58..
V.v i
Total sales in 11.000 unUs.
27.801.000
38.070.000
Foreign..
103.6
103.5
109.26
(High
$4,931,000
$2,075,000
$424,000
$80,000
IT, S..Government....
103.5
Total sales in 11,000 units...
v
'
103.2
103.6
103.5
(High
(Low.
Total sales in $1,000 units...
3K«. 1946-56
Bonds
.
2Kb.1952-54..
(Close
22,282,155
20,684,966
1,807,230
1,662,820
(High
( Low.
(Close
1941
1942
1941
1942
Ezchange
Total sales in $1,000 units...
4s, 1944-54
Jan. 1 to Feb. 27
New York Stock
Stocks-—No. of shares.
(Close
1
-
-
Week Ended Feb. 27
114.23
Total sales in 11,000 units...
Total.
Close
v-
■
•
.
•
V."
•:
••
:
.•
:
Close
-
High
3 KB.
Total sales in $1,000 units...
Low.
1958-63
(High
Low.
(Close
2Ks, 1942-47
Close
Total sales in $1,000 units..
Total sales in $1,000 units...
(High
Home Owners' Loan
(High
3s, series A,
(Low.
2Kb, 1960-65
1944-52..-.(Low.
(Close
(Close
Total sales in $1,000 units...
Total sales in $1,000 units...
100.24
(High
NEW YORK BOND RECORD
100.24
(Low.
2Kb. 1942-44
High
Friday
N. Y. STOCK
EXCHANGE
Week Ended Feb. 27
Range or
Friday's
Total sales in $1,000
Week's
Last
Sale
Price
Bid
&
Asked
105.18
(Close
Close
BONDS
105.20
Low.
2Kb.1945
105.20
Total sales in $1,000 units...
101.18
10
(High
(Low.
101.18
units...
IKs, 1945-47
Range
Total sales in
(Low.
2KB. 1948
1
101.18
IClose
(High
Sxnce
Jan. 1
100.24
(Close
*
*1
$1,000 units...
Odd-lot sales,
t Deferred delivery sale,
t Cash sale.
Total sales in $1,000 units...
U. S. Government
Treasury 4s
114.23
Treasury 3 lis
Treasury 3K»
Treasury 3K&-Treasury 3s
Treasury 3s
Treasury 2?i8...„
Treasury 2H&
Treasury 2KB
Treasury 2^8
108.8
108.9
109.26
108.27
104.6
105.7
105.8
105.7
105.20
108.3
10S.14
109.14
109.14
109.14110.22
107.20
107.20
107.20108
109.5
109.5
109.5
108.21
108.21
107.29110.4
*105.21 105.30
Total sales in $1,000 units...
105.28106.9
NEW YORK STOCK RECORD
110.22
*107.4
107.13
108.18109.11
*107.27 108.4
109.9
Treasury 2 An
Treasury
Treasury 2 Ks
„
,
Treasury 2Kb
*108.16108.25
108.16110.11
105. IS
105.20
105.3r 105.12
105.24106.16
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
*105.11105.20
103.1
-
•
-1
$ per share
106.17106.31
*
—
103.6
103.1
*102.14102.23
100.14
103.23 103.22
100.17
103.25
46
*47>2
634
102.18103.2
*19
20
100
*11
IU2
103.1
104.5
100.26
103.14105
33 U
103.27-103.27
16
103~27~ 105.10
*62
104.9
104.14104.20
101.18
101.17 101.23
103.27
103.29
Treasury 28-.^^--.*---—1951-1955
100.1
103.27104.10
100.30100.30
100
100.21
...1947
Treasury 2s
For footnotes see page
1953 -1955
901.
-
*100.18100.26
....
-
100.1
*102.16102.25
;
$ per
'
10712
6*8
'
Washing¬
7
19
*19
Closed—
33io
*11
*1H8
3318
34 >
1
*ht
ton's
Lowest
Highest
Shares
$ per share
$ pet share
per
4978 Jan 13
IO8I4 Feb 19
46
Jan 12
Birthday
5
47*
1312
94
*89
U
M
5i«
5i*
*4»4
*13
102.22 103.14
For footnotes see page 900.
47*
14
180
100
100
Acme Steel Co
634
6 "8
63.1
1,400
19
*18
19
1H2
341*
♦11
111*
IDs
11>8
100
33li
3312
33-1*
2,400
No par
Abraham & Straus
49i2
7;
94
33li
*3is
66
♦62
21*
2's
94
*89
9
U
,
5
7
47*
.
s
5
*18
*316
100
19
7»3
66
66
""""60
2
2
1,100
*89
94
434
14
*434
13
5
13»2
No par
Adams-Moils Corp—JVo par
Address-Muitigr Corp.....10
Express
Feb 25
10512 Feb
34
2
Feb 25
46'2 Jan
6
6*8 Jan 22
19
Jan 21
107g Jan
2
No par
321* Feb 17
3ie Jan 13
Air Reduction Ine
Ala it Vlcksburg Ry Co...100
Alaska Juneau Gold
Min...10
100
....No par
5K% Pf A with $30 war. 100
5K% Pf A without war. 100
$2.50 prioreony pref.No par
Albany A Susq RR Co
*i.
"V,4()6
5
51*
1,600
47*
5
800
♦1312
14
300
*16
Adams
...25
45
Air Way El Appliance..No par
'
434
100
preferred
*3312
*47i2
38
491"
2
*13
4%
3634
2
5
108
A
Abbott Laboratories...No par
*47>2
*6%
66
*h
700
*33i2
*89
2is
2
*»!«
107
45
4912
6*8
*62
66
66
>1
u
412
13i2
107
*44t«
43
4834 Jan 13
712 Jan 3
20i2 Feb 3
1134 Jan 20
3Si4 Jan 6
l2 Jan 9
66
Feb 24
Jan
6
178 Jan
6
23g Jan 13
9434 Feb 10
9434 Feb 10
61
Jan
2
4U Jan
2
Jan
2
Allegheny Corp
4
13
Feb 26
638
Jan
Highest
uowesi
Week
share
34
34
*47i2
6*i
634
96
5
1071* 107i2
4713
Exchange
21*
*89
45«.i
'
66
*2
*104
*101.9
.28——L--
*44
*34
381-t
4HU
4534
45
45'2 46
*10712 108
Stock
*10712 108
*
106.18
clOO.24 100.24
Treasury 2s..
pet share
$ per share
46
*34
106
Mar 15 1948-1950
Treasury 2b.....Dec 15 1948-1950
Treasury 2s.—
.....1949-1951
Treasury
Friday
Feb. 27
$ per share
105.18105.25
106.13
1
1950-1952
2^8.....
1952-1954
2 As.....'
1956-1958
2 An.
1967-1972
2Kb.
...—1951-1953
2As..........1952-1955
2 An..
.—1954-1956
Treasury 2Ks_«
Thursday
Feb. 26
Feb. 25
Feb.
Ratioe for Previous
Range Since Jan. 1
On Basis of 100-Share Lots
EXCHANGE
109.9
*106.4
———
Wednesday
Monday
Saturday
.STOCKS
NEW YORK STOCK
the
PRICES
107^2 "108.17
*107.24108
1958-1963
1960-1965
1945
1948
......1949-1953
Sales
for
WW AND HIGH SALE
*106.24107
Feb. 21
Treasury 2Ks
of coupon
No Bales.
1 04.20
♦107.29108.6
bonds.
(Close
103.26104
104.9
(Low.
2KB. 1949-53
above table includes only sale
Transactions in registered bonds were:
Note—The
(High
109.26110.3
104.9
1955-1960
1945-1947
1948-1951
1951-1954
1956-1959
Treasury 2Kb
High
114.14116.2
♦103.21 103.30
1944-1946
1946-1949
1949-1952
....1946-1948
1951-1955
Treasury 3>£s..
114.25
109.20
1943-1947
1943-1945
Treasury 3Ks
114.23
♦108.2
,...1944-1954
1946-1956
.
Treasury 3^8
•
Low
1947-1952
Treasury 4Kb.
7
share $
5534 Sept
34
Dec
5462
4312
Dec
5'g
Apr
xl7h
Dec
9ig
Dec
34fy Nov
K
Dec
8ept
Jan
Dec
24U' Aug
157g Jan
5134
8 <4
July
45
K
Sept
75
Vz Dee
5
73
Jan
Aug
Jan
Dec
85
ig
99'g
Aug
Dec
K
Jan
Dec
10K
3U
Dec
912
11U
Dec
211s
Jan 26
57g Jan 26
Jan 27
17
share
per
Feb
Jan
Aug
Apt
THE COMMERCIAL & FINANCIAL CHRONICLE
892
.>
.
Monday, March 2, 1942
•
.
NEW YORK STOCK RECORD
LOW
A.WD HIGH
Monday
Tuesday
Wednesday
Thursday
Friday
Feb. 23
Feb. 24
Feb. 25.
Feb. 26
Feb. 27
Range for Previous
On Basis of 100-Mare Lots
Year
BONDS
N. Y.
(1941)
EXCHANGE
the
Feb. 21
Week
Highest
;
•„
Lowest
$ per share
S per share
2034
2034
% per share
share
per
21U
4*8
4*8
4"g
*458
130
130's
2078
41,
21
21'8
47«
2138
21 %
41®
7334
41
*43s
"
$ per share
1,600 Alshny Lud St? Corp..No par
40 A!leg & West Ry 6% gtd-,100
21%
41®
Par
•/, '
Shares
$ per share
7384
207g
20%
7334
4%
128*2
1
700 Allen Industries Inc
Jan
Feb
Feb
Feb
$ per share
12
27
25
25
11%
11 lx
IU4
«3»4
*131®
5%
5»4
11U
11
11
1134
10% Jan 12
13's
1314
13»4
13%
600 Allied Mills Co Inc....No par
13% Feb 11
14% Jan
578
51®
534
5%
534
75
3,900 Allied Stores Corp.....No par
200
5% preferred
100
No par
3,100 AHls-Chalmers Mfg
5% Feb 18
514
11%
135s
1291® 1291®
*11
149
D8e
Jan
25%
10% Feb
11% Dec
Jan
11%
135% Dec
U. S. Government
7534
75
75
75
75
*741®
27%
27'2
28
277g
28
28
18
17l2
1'8
177a
*75
2738
18
l's
*171®
Uh
*16%
1734
*1634
*1712
231.1
43
5312
43
*224
*1634
1««
♦l's
*
I'K
*I634
1734
53U
221®
5312
23's
221®.
1
283g
-400 Alpha Portland
17%
75
Gem..No par
•17% Jan
Jan 13
Jan
5
13
Apr
9
Sept
87
6l2
46'4
46-1-1
461®
461®
4'g
378
301®
42
6%
6%
*37S
45
45
41®
Jan 12
Am AgricChem (Del)..No par
10
2,800 America l Airlines Inc..
10
1,700 American Bank Note
223.1
4134
46
51
21
Jan
50
45
...
30%
37
Jan
Low
1942-1947
i
8 series
1
-21% Aug
1% Aug
20
Sept
%
23% Feb
6
48% Jan
734 Jan
Dec
Dec
10
1/
*
»
60
60 U'
178
31 h
313jj
70
3238
3113
70
70l2
*183s
1914
1
109% *108
19U
110
*108
*72
76'4
183«
•
72
*13
*13
61
164
72
Feb 17
47
3% Feb 11
Jan
!
1% Feb 11
Feb
Feb
*70
72
.
*412
434
*41®
434
8*8
*8>
858
*8'»
85g
*13
71
*4%
85g
8%
201®
*20%
*8
(
58% Feb 19
161% Jan 10
29% Feb 10
22%
104.10
104.10
104.10 1 04 23
./
100.24 100.24
100.24
100.24 100.30
D
t'101.18
<101.18
J
D
98
100%
New York City
3% Corporate Stock.1980
100M
2084
203a
203«
♦20%
21
201®
97
;
96'®:
961®
♦921®.
96
♦921®
*5g
*5a
*5
1
5%
534
Jan
::
Aug
47% Dec
Dec
SJ4
1
*:,8
;
96
;100
"""iO0
51.1
8%
Jan
18
-65'i
a100
108
Jan
70
Feb 16
15
Jan
American Colortype
3
Mar
55% Dec
.
{
1947 F A
1948 .4 O
*Gtd tilnk fund 6a.
2
23
Feb
16% Dec
Feb 27
107
I* External
s
t 7s Merles B j
1945
J
J
♦External
s
f 7» series C
1945 J
J
s
f 7s series D....1945 J
s
f 7s 1st series
3484 July
79% July
Jan
•
Jan
i
115
Jan
6
90% Dec
121
200 American Crystal Sugar
60
6% 1st preferred
95%
5
9% Mar
*17
5
484
Feb 19
Jan 12
934 Jan 2:
2
.22.% Jan 27
98% Jan 23
% Jan 14
1
*%
7i
5%
5%
18
American Encaustic Tiling. .1
""506
Amer
Jan
-
6
94% Jan
:
27
% Jan
Jan 14
5
European Sees..No par
*3g
*2112
26
*2112
22U
22
22
22%
2634
2's
2214
28
273.1
278
2734
27g
28
3
z2578
22-
*27
1
*3®
58
26
2i«
2
27<2
28
3
•
*278
35
*34
36
*3g
26
26%
2's
*178
2'g
Amer & For'n
*22%
28
27%
3
234
♦34i2
36
1% Jan
400
$5 preferred
..No par
1,000 American Hawaiian SS Co. 10
22%
28
234
Feb
300
Stock
Jan
-
% Dec
334
1%
.
37^
1 '2
37U
-li2
*25
*138
26i«
3-'8
7
*312
*0i2
38-
*30
0
*25
Closed
31®
36
37
llo
11®
*25
253.1
3*8
35g
7
91.1
89i2
*89
893g
10»4
1034
*10%
11
*45g
478
2OI4
*41a
4
*88
'
37
1%
2534
*25
3%
""506
7
*6%
*35
38
600 American Ice..
......
38
6% non-cum pref....._100
Amer Internat Corp...No par
American Invest Co of III
1
J
11%
11%
10%
11
11%
11
11
sees
f 7s 3d series. 1957 A
0
*11
12%
10% - 11N
10%
ii%
11
11%
r>
18
18%
18%
24
89%
74%
93
1958 j
89%
58
20U
♦25U
Apr
38%
"16
"h
193s
,434
4*s
;
Jan
10%
11%
900 Amer Macb & Fdy Co.No par
9% Jan
58%
5834
478
5
700 Amer Mach & Metals. .No par
Jan
21%
23%
85
*034
'I
*19%
41®
1,000
58
5834
58
581
58
58%
47g
5
*61®
71
317«
317
39%
391
39%.
111®.
111
17i«
77g
1714
92
9011
201
;20i®
77«
171
90b
20
Jan'15
Feb
24b
*112
234
U2i
69
5I4
69
,514.
:*Z2i2; .73'i
_4l2*.;4t
.
46
.
127
47
'
2614
' 2874
26'®:
13'j-
*110
93j
*9
....
!
45^4
*17%
8984
z20%
127%
4634
11%
514
74:
i*4'%.
23.t
70
4'i®
46'®
20%.
400
*110
....
2 84
.
33
*32
111134
3%
♦Hi.
47
64
•
641®
65
65 ij
*60
•
65 !8
*60
230,
23
7U
*3i2
*28
29
7%
77%
200
'Externa!
25
95
95
.100
*1%
1334
*111
$6 1st preferred
Woolen
15%
65
I)e?
39
9
50
65
65
*65%
5% Jan 12
438
6
N-'R
35% Jan 14
29
7%
Jan
17
*60
*23%
7%
*6%
231
;•
23%
7%
.
,J
15%
45% Feb 18
3«4
*3%
""584
*3%
►
84
~
6
4
10
143% Jan
4% Jan
3
5
2% Feb
65
5%
76
*72
76
*72
*70
76
*70
76
*70
76
*70
*24
25%
25
25
*24
Jan
95
95
95
94%
94%
95
94%
68%
6934
25
253a
257g
25
25%
24%
25%
23i2
23i2
*23%
24
2334
23%
38«4
,.*49.18
4912
6%
*49
*60
62«4
*60
*115
1161®
*115
*8
8%
6%
49%
63
-8
2M
21
3%
♦CO
116
f8
-2%
*18
21
3%
,131®
3%
5%
97g
157S
*18'4
19
33g
*23
23-8
-
__5
Armstrong Cork Co ...No pur
Constable Corp.....5
57
46%
46%
40
58
♦70
74%
.( 51
4
10
.28%
Jan
14j
33
Jan
61
24
Jun
3
m%
112%
Feb
j
2
;
334
3%
6%
5%
29%
3%
*5%
*28
8%
*5%
5%
*27%.
9%
15%
I960 A
0
...._.
8%
30
34 Dec
2fi.
111% Jan 23
Feb
108% Mar
4% Jan 14
2%
4
,.47%
-
60
5%
De
s
1961 /
49%
49%
62
59%
*113
2%
21
3%
"
*8
1%
*17%
;
3%
115
113
81
*8%
.
115
81®
1%
*17% -21
3%
3%
21
3%
Feb
13
11
70
Jau
lib
Feb
20
5% preferred..100
27,700 Atch Topeka & Santa Fe.-lOO
2,700
5% preferred...J 100
5,000 Atlantic Coast Line RR...100
200 AtlG&WISS Lines
..1
100
5% preferred
100
25
4,100 Atlantic Refining
100
4% conv pref series A... 100
2,400 Atlas Corp.
1
..._6
700
6% preferred
50
100 Atlas Powder...
"
10
No par
5% conv preferred.......100
200 Atlas Tack Corp.
,No par
600 Austin NicholS--.;._4-No par
$5 prior A...
4*900
4
18
....100
940
59%
Jl®
11®
"""5%
7% 2d preferred....... 100
49%
6
Feb
34%
...No par
Aviation Corp of Del (The)..3
■„
1961 J
27% Jan
60% Jan
20% Jan
22
Feb
2
3
2
Jan
49
Jan
-.
Jan
53%
Dec
70% May
Jan 20
.13%
Feb
Jan
.13%
107
6%
47%
50% Feb 10
5
Jan 17
25
2
116
Jan
Apr
6
28%
6%
5%
*27
13%
3%
*3%
,
6-K
5%
28
29
9%
i 5:%
8
5%
♦28
6%
5%
28
1334
334
6%
5%
28
„
133,
3%
3%
1,700 Baltimore 6c Ohio...
634
2,500
6%
5%
5%
28%
28%
934
15%
*8%
8%
*8%
8%
5%
5%
27%
9%
*15%
5%
*5%
53g
'■
9%
1534
28
9%
16
♦18%
18%
18% .1,8% *17%- 19
*23
♦23
23%
23%
23%
23%
*103% 110
*103% 110.1*102% 110
12 %
13%
16%
15%
14%
14%
12%
16%
15%
15%
1414
14%
14%
13%
15%
10%
16%
*15
4.000 Baldwin Loco Works v t C.J13
4% preferred....
600 Bangor <fc Aroostook.
80
100
Conv
5% preferred
100
c..50
_100
1284 Feb
10
2-% Jan
2
2
2
434 Jan
4% Jan
22
Jan
2
1434 Jan
2
4% Jan 28
7% Jan 27
;
28
28
934
9%
16%
16%
19
23%
*17%
*23%
10234 110
,1,000 Barber Asphalt Corp......10
400 Barker Brothers
No par
90
5^% preferred..
4,800 Barsndall Oil Co
...50
;._5
1,600 Bath Iron Works Corp.;
100 Bayuk Cigars Inc.....No
100 Beatrice
Creamery
15 preferred
w
w
.1
par
7% Feb 11
6% Jan 26
31% Jan 20
9% Jan 13
6
Jan 27
5% Jan 13
27
Jan
5
30
8% Jan 2
15 - Feb 18
18% Jan
6
19% Jan
6
18
25
22
No par
104
Feb 19
Jan 13
Jan
3!
15
14
14%
14
MN
MN
1961 J
%
13%
16%
15% 15%
13
13%
15%
15%
13
16
2
13%
J6
12%
16
15%
*15%
14
"i4%
13%
••
13»i
O
1961
14%
36
14%
.
13%
*14
O
1
14 »i
1)
1961 A
...
♦6s of 1928....
♦5s of 1927.....
\
3s external
s
15%
+■
-
0
13%
13%
*
*14
13%
"3
13.%
13%
n
114
1962 MN
1962 MN.
13%
1960 M S
*13%
13%
13
13%
13
15%
14%
12%
12%
14%
13
15%
14%
vf5%;
.....
*12%
S
....
__
_
Get 1961 A
....
"ii % *14%
%l%y
42
•Colombia Mtge Bank 6 Ms...1947 A O
♦Sinking fund 7s of 1926.,..1946
♦Sinking fund 7s of 1927
1947
(Copenhagen (City) 5s
»'
25-year gold 4 Ms
......
MN
F
A
1952 J I)
1963 MN
25 A
"lHA
39%
43%
33%
29%
25%
25%
25%
25%
25%
25%
25%
25%
25%
19%
18
18%
25%
18%
17%
25%
19
33 %
32%
25%
J
O
Jan
43%
42 H
O
1961 J
f $ bonds......1970 A
25%
24%
37%
43%
43%
34%
,
External loan 4Ms...
4M» external debt..
97
99
10
12%
16%
101
98%
8
1*02% 1*02*%
*102%
103
1949
70 H
103
100
?
76%
48
76%
*105%
1977
Sinking fund 5M8-,-Jati 15 1953
♦Public wks 5Ms...June 30 1945
♦Czechoslovakia (Rep of) 8s...
?
♦dinkiugfundSsscrB-..;..
99
16
100
./
1951 MN
External 5s of 1914 ser A.... 1949
106 %
107
107
1951
21
21
1952
75
79%
101
105
106
109%
v
♦14
107
'
1
15
21
51% Nov
72%
121
,
2%
Apr
Jan
.Oct
9% July
3% Oct
1 •% May
13
May
t
v
d
25%
5%
Denmark 20-year extl 6s.;.
1942 J J
External gold
5Ms.;—..,.. 1965 F A
External g 4MsJ
Apr 15 1962 A O
Dominican Rep Cust Ad 5Ms.. 1942 M 8
{♦1st ser 5Ms of 1926....... 1940 A O
{•2d series sink fund 5Ms...
10%
2%
334
Dec
Dec
Dec
3% Dec
18% Dec
19
Jan 20
11% Jan 27
24% Feb 11
104% Feb 16
7
Apr
Dec
27% Dec
5%
32%
27 '4
24%
67.
65%
31%
27%
24
67
H
67
f
65%
*83
Customs Admin 5Ms 2d ser.. 1961 M S
♦67
;
66
.,
}.-,
1940 A
31A
O
5Ms 1st series......;,... 1969
1969
2dserles........
5 Ms
Oct
Jan
31%
"27
24
A
46%
34%
32
63
69
59
67%
67%
68
O
65%
75
65%
63
A
61%
67%
67%
A
O
65
65%
65
08%
10%
8
12%
,
-
J
10%
J
*9%
6%
9%
,-J»n
5% July
8% July
1284 Sept
34
July
12«4 Sept
9% July
35
Finland (Republic) ext 6s
1945 M S
French Republic 7sstamped.__1949 J D
7s unstamped
70
70
*74%
1949
7s part paid...
1964
6s part paid
1968
*8%
*6%
75
65
85
85
66
75
f74%
Sept
7%
Feb
10% July
13%
De?
24%' Mar
31% Mar
17%
Dec
20
Dec
102%
Dec
Greek Government—
27% July
106
Oct
-
e
<
For footnotes see page 900.
14%
15%
*E1 Salvador 8s etts of dep.,.. 1948 J
13%
8%
30
14%
•Estonia (Republic of) 7s..... 1967 J
,1334
99%
98%
99%
15%
14'A
15%
1960 M
Oct
Dec
111% Sept
7% July
Feb
.
9
6
22
Feb
Feb
.111
9
4% Jan
18% Feb 10
3% Feb 20
99
Nov
56
May
9% Jan 26
2% Jan
May
61
70 : Jan
Feb 26
45%
Feb
16% Jan
19% June
109% Feb 20
7
Jan
"
6
16
98%
97%
28% July
45% Jan
23% Jan 28
20
Feb
Aug
34
11
7% Feb
1 %
Jan
96% Mar
31% July
35%
Dec
69% Feb 26
59% Feb 27
115
18
Dec
10% Sept
88
Sept
102% Aug
26
36% Feb 20
19% Feb 26
108
Jan 12
6% Feb
Feb 27
.37
15%
16%
13
14
♦Costa Rica (Rep of) 7s
•
13
17
15%
Cuba (Republic) 5s of 1904.... 1944 ilf
82
15%
14%
14
*15
♦13%
Oet
95% Feb 19
20
♦15
14
0
Jan
,
95%
3
7%
6
M .«■
0«4
20
95%
93 H
16
94
A
91%
; 76
94%
4
li
94
A
Dec
17
21
Jan
25 i Feb
21
94
*5
5
Dec
5% De
78
Dec
77% Jan
.83
19
8184 Jan 6
Jan
94%
'94 %
94
J
1961 M
3
6% Jan
99%
■
934 Sept
6% Dec
2
100% 101%
1
97 %
99 %
J
..Jau
♦6s assented
;___8cpt 1961
♦External sinking fund Gs... 1962
♦6s assented.
1962
♦External sinking luud 6s... 1963
*63 assented
1963
.
O
..Jan
f 0s...
87%
3% Jan
104% 106%
98%
Colombia (Republic of)—
Jan
70% Sept
72
Sept
20% De
100
6% 1st preferred
108% 108%
6%
'6%
49%
..No par
500 Associated Dry Goods...... 1
9
20
J
♦Chinese (Hukuang Ry) 5s....1951 J D
Oct
Jan
2% Jan
33% Sept
112% Sept
Jan
66
Jan 21
.26% Jan 15
7% Jan 26
104%
100%
98%
97%
J
1942 MN
1960 4
♦7s assented
July
.17% Sept
Jan
67%; Feb
104%
100%
,1942 MN
.........
.......
12%
-
104 h
100%
98%
35% July
-
115%
7.
1954 J
♦6s assented,.
•♦Guar sluk fund 6s........\
Y *68 assented...—. .1...
•Chilean Cons Munlc 7s......
5034 July
De
Apr
Aug
8-" Jan
Dec
,.
1944
J
1967 J J
....1968 MN
L
.
Jan
1952 M N
1945 F A
1961 J J
♦6M» assented....
♦Guar sluk fund 6s
Jan
Jan
110% June
16
1% Jan 16
Jan 15
35
6% Jan 12
48
♦Chile Mortgage Bank 6)^8... 1957 J 1)
♦6 Ms assented
1957 J 1)
♦Sink fund 63%s of 1926
1961 J I>
1
10
Feb 24
45
02
Jan
81% Sept
■i
284 Dec
17
.
Aug
7%
99%
..22.%. Feb
.30
®
29%
46% May
"
45%
J
......
11634 Aug
-Feb
10
109% Jan ; 2
3% Feb 18
61% Jan 8
66
Jan 21
21
Jan
2
45%
1984 J
♦6s absented.
Jan
7
Dec
6% Jail 14!
Jan 13
.50
7
59 %
♦Extlsinking fund 6s..8ept
Jan
159
2% Dec
.
62%
59%
♦liy extl
Jan
6434 Dec
3% Dec
1% Jan
400 Assoc Investments Co .No par
38
*59%
Corp
7% preferred..;
20%
61®
81
.
3%
13%
9%
i
46 H
♦External sinking fund 6s. I960 4 O
Jan
73%
Dec
Sepl
3
:i
M.
8% Jan 2
$6 conv prior pref...No par
Artloom
'
69%
38
6»®
115
*18
13%
1578
*10378 110
62
40
61A
63
♦7s assented
Aug
168'%
Dec
3
20
Arnold
241
19%
621®
*1%
1334
8%
30
19%
39
41
59%
♦Chile (Rep) Extl s f 7s
Sept
19%
'
5%
23
40
40
18%
56
13%
Dec
3% Jan
-No par
tp
*271®
22%
28%
24%
24%
24%
40
22 A
"li
♦Extl sinking fund 6s..Feb 1961 F A
♦6s assented........Feb 1961 F A
B
81
22%
56
♦6s a-seuted
98
70% Feb
26% Feb
t',
7% preferred.-i._-.-_-i.10d
"9OO
25%
25%
49%
-
115
8%
*1%
6'
6%
*49
37
*24
*23% 24%
*36
38*36%
*36%
3834
20
20% 2034
20%
19%
19%
*108% 110
*108% 110
*108% 110
6'®
600
76
*72
36%
*8
22%
56%
11% July
Jan
23%
Feb
26
Jan
2
17
13% Feb 24
111% Feb 18
Corp-12.50
Jan
28%
Dec
Feb
112
116% Jan
45% Feb
Andes Copper Mining
200 A P W Pai>er Co Inc
26%
76
69
6W
5%
18%
59%
30-year 3s...
♦Carlsbad (City) 8s
"Jan
43% Dec
6
76 "
25
36%
281®
13
22 H
22 H
Sept
54
150%
18
Jan
4% Jan
155
Dec
1134 May
115% Dec
Jan
27
23% Feb li'
111% Feb 20
40% 'July
45% July
13
14j
100 Anchor Hock Glass
6
6
3434
•
22%
57%
Canada (Dom of) 30-yr 4s
5s......
% 10%; Oct
81
xl43
Jan
84
....
35%
6%
5U
41
56%
3% externals I $ bonds
Jan
22% Sept
43%
Jan
334
♦3%
84
"*5%
534
68%
28
26%
22%
57 A
Cordoba (Prov) Argentina 7s.. 1942 J
334
84
34%
334
26%
22%
595%
59%
7-year 2 %'s.
30-year 3s
De?
6% Dec
50% Jan
Feb
135
Dec
8% Dec
493.1 Jan
Jan
5%
7%
68%
334
92%
26 M
SI
59%
10-year 2
25-year 3Ms
De,
29%
13434 Jan
44% Feb 20
123
.76%
'; 170 Anaconda W & Cable .'.No par
23%
*6%
681®
131*
83
196! M 8
1977 M F
f 4J<-4^s._...1976 P A
1976 A O
1975 WN
" Jan
7
Mar
138
.21% Jan 2o
2
70
3O?4
*17l2
33g
19
56?
Jan
Dec
,
139
21% Jan 13
97% Jan 14
2
5
7334
33% ,l)ec?
6
8% Jan
11
Fob
14
Feb
2
Jan
Jan 12
66
70
35:1s
*U2-
91
92
90 M
N
57 M
s
readj 4Ji-4®%s
External s 14 'A-AHa....
7% Jan
165% Aug
15% Jan
De
43
3
3%
I)e
Feb 24
89% Feb 27
100 Archer Daniels Midl'd.No par
*60
68I4
25%
612
91%
83
91%.
Jan
De?
Feb
9
6
Feb U
1O0 Armour&Co(Del)pf7%gtd_ 100
4.200 Armour & Co of Illinois..^..5
65'g
_
231®
95
2OI4
D
83
90
of)—
External
'Apr
17%
23%
Jan
$5 prior conv pref.......2 »
8,100 Anaconda Copper Mining..oQ
3%
25
38o»
J
89%
90 M
92
Refunding
Dec
121
Mar
111
155
.
'
17% Jan
23
Ap
3
Jan 13
.N
7% Jan
.No par
33%
..3%
*72
:
110
1952
O
1957 Wfi
..1958 F A
♦6s stamped
6% Sept
Feb
12
1
Feb
2%
53
,
No par
1113j
*32
33%
11134 *111
,
3%. ,3%
68%
20U
J
1950 J I)
Buenos Aires (Province
Jan
334
Jan
4% Jan
22
\l
11®
35%
*37
55%
Jan
Jan
2
Am Water Wks & Elec.No par
$5 div preferred
1%
*1%
*32%
35%
*109
of 1927... 1957 A
f 6
♦7s (Central lty)....
26% Aug
74
91®
68's
-
s
Brisbane (City) s f 5s
95% June
Doc
4 6 84
Jan
Inc.. 10
Viscose Corp....14
5% preferred..:
200 American
,
*834
*6'®
*3i«:
76
25
,
Jan
Jin
Dec
Preferred......1...... L100
1,400 Amer Zinc Lead & Smelt. I". .1
'
*110
231®
*o»4
76
'-*70
.
*87
1949 M S
...1955 J
f 6s....'.:
17%
De
147
,t73O0
27%
27
♦884... 9%
714
*....
6
*72
s
Dec
8% De
34% Jan 16
143% Jun 27
6
20% Feb
12
Feb
4
25
.100
141®
1 231®
*6%
4
85
*5^
J
External s f 7s
1955 J I)
♦Brazil (U 8 of) external 8s
1941 ./ D
'External s f 6>$s of 1926...1957 A O
Sinking fund gold 6s
•%
32% Feb 18
140% Jan 3
10% Jan 10
9% Jan 2
Common class B........25
5,300 American
~
*1334
*110
3%
3U.
65
*....
41%
Jan
20 %
38 M Feb >
144
Jan
.
6% preferred....
400 Amer Type Founders
41.®
26% 27
*28.. .2.9%
33'a
111% HIM
33g
*60
.*034
61%
50
9
Jan
165
V
.100
...
400
200
*1334
14%
Preferred
2,700
1,800
*43
par
No par
1,900 American Tobacco
23.,
41®
'47,
...100
..No par
5,200 Amer Telep & Teles Co... 100
68
5%
731f.74
41
438
*43
9«4
1%
*884
i«8
33
*111
33f
*23
62
42
38
Dec
38
5
53
....100
...1.25
..
800 Am Sumatra Tobacco
*65%
*5%
5%
5%
*73.. .7.4
.
28
14
.
23.J
69
*65%
26%
28
*13-%.
*64
.
42
45 A
Sinking fund gold 5s...
3
710%
300 American Stove Co....No par
600 American Sugar Refining..10(1
47
46%
....
Snuff....
400 American Stores
8
17%
8934
21
12734
*7%
Preferred
6,800/Amer Steel Foundries.. No
•
27g
234
034
:.i'V
33
111%
*3U
46
40
Oct
Jan
I5!6 Jan
26 %
Fob 1
.
*31
43%
44
External
'
*111
44
44
Jan
20% Jan
2
11
11
*v%
Co...
6% preferred.
4%
.
*5%.
*73...
287g
13%'
13s
70%
,
"
77%
70%
41
13%
2
Feb
2934
100 American
48
48
4634 47%
*137
*133% 138
137%
4%
4%
4%
4%
21M 24%
24% 24%
21%
2434
*112.112% 112% 112% *112% II284
4r>g
27's
28?8;
1434
*812'
*H4
67
75
1956 MN
Belgium extl 6 Hb..
Jan
Feb
119
Feb
4% Jan
No par
'.209
137
137
*41i2
*14
....
'451®
4634
4634
8
171
S934
*88%
1934 201
127% 127%
127%
453g
*11%
*
20m
*65%.
514
733g; 7338
4I4f 45g
*43
90
90
27g
2*4
70
*27
.
66%
67 M
1957 M if?
30%
4%
Dec
6% De:
2%
5% Jan 30
23% Jan 26
.
160
...100
American Seating
20
20
Preferred..
:4%
143%
*139
20
n%
*7%
17%
17'®
*16%
1431
#19%
mh
8
*20
447g
.
11%
*75g
201
12634 1271
451
46
46'%
13678 1367a
*45s
,4'g
24
243«
203.
*1114-
2012
45
4534
136i2 1360
*4'2
5
*139
.No par
S5 preferred........ .No par
150 Amer Ship Building Co No par
4,700 Amer Smelting & Refg No par
.
321®
Light.. .No par
$6 preferred.
Feb
•
.
Amer Power A
No par
800 American Safety Razor'..18.50
*6%
7%
7%
163.1
2934 293.t *2934 32%
38% 39%
39%
38%
145%
145% J451 *144
*32
33
32-% 32-li
1431
*139
2078
234
67%
67
b
2% Sept
Dec
Jan 21
6
89% Jan 16
.11% Feb
5
3
113% Feb 20
24'% Feb 2
'% Jan 7
21% Feb 17
18% Jan 31
4,600 American Rolling Mill .....25
1,320
4Vi% conv preferred ....100
51
5%
.;
39%
1457s
*32
1431
201®.
53„
7'.,
311
*658
30>s
*144
33
*32
*14%
45r,s
26%
5%,; 51.4
145% 14578
*139
*5'8...
1
10% Jan
19% Jan
par
5,500 Am Rad & Stand San'y .No par
10
59
7h
*110
700
160
160
58%
111
*43
1.200
4%
6% preferred...... ....100
30 American News Co
11%
3214
*66
170
231.1
19%
4%
11
20»8
24
2,900 Amer Metal Co Ltd.. .Wo
%
23%
11
112U 112U
.
19%
*'s
11
12634 127 >8
.
23
19%
ll'
1431®
K
20i2
.
221®
303.4
*9014
....
2534
391
-.-171s
■;
114%
*25
11
7*8
,
114
25S4
2534
113g
145's
*1U4
..
21%
*1131® 114%
7U
20;)8
Feb
40
3
5
478
*32
1955 J
89%;
74%
67%
External 5s of 1927
51% Aug
42% Dec
6
4
7
2
8% Jail
11%
.26% Jan 12
.
2
5
Locomotive.No par
Jan
46% Jan*3
V 1% Feb 19
2
11
434
zi38
4%
164
*.... 162
4i2
164
"ll"'
*139
Feb 24
9
227g
193,
22 %
193«
1HS
39
67%
G7M
External g 4Hs of 1928
33%'Aug
89
2534
34
"lS
221®
1938
164
303.4
O
Australia Com'woalth 5s.
4% ' Jan
27 ;. May
9
20U
114
2534
22h
22
*144
A
loan 4s Apr ...1972 4
90
243g Sept
Feb
Dec
89
4V
20U
114
.253.1
11
.
20
115
*114
19,;-: 19
412
434
*
loan 4s Feb ...1972 F
^
External sf 4J^-4^s.
%
,
75
conv
conv
Jan
2
9'g
100
:•
Jan
29
891®
Preferred..........
3%
8
9
*105g
11%
12
(>
28% Sept
3% Jail 10
35
Jan 26
89
500
1%
% Dec
1434 Feb
1% Dec
Jan 13
2% Jan 10
32
Birthday
4*8
*20
20U
*I13li 115
*25
2534
4^8
.22
28
6% Jan 21
36
Feb 24
5% conv preferred.......50
4,109 American
% Jan 10
.
1% Jan 5
25% Jan 14
3% Jan 6
•
12
11 y
O
8 f extl
''
24% Jan 13
37
No par
io%
14
1957 A
S f extl
Jan
2-% Jan 2
33% Jan 21
1,600 American Home Products...1
3%
3%
7
*35
9
9
373«
*138
2534
31®
*6'®
*35
37
15g
*25
7
*61®
37
.
*13g
30
9's
ton's
11
*10"'8
37
37
15g
2534
35g
*6'®
Washing¬
9%
87-i«
873g
37
37
Exchange
12
11
11
♦10%
f 7s 2d series. 1957 A
Argentine(Natioiial Government)
8 f external 4^s
1948 MN
6% Aug
Jan
16% Jan.2
Feb 10
-.50
6% conv preferred
10%
* External
19% Aug
9534 Sept
9% Feb
27
400 American Hide & Leather— 1
35
35
18% Jan
$7 2d preferred A—No par
25%
20
see s
External
Antwerp (City) external 5s
884 Jan
9% Aug
Dec
4%
78
Jan 21
.6
2
2
2
'32 Jan
$7 preferred.......-No par
100
2%
Power.... No par
1,800
27
*2
*234
35
35
1
26%
25%
25%
Nov
.
8
10
.100
25
32.
*External
*
■
Jan
Jan
15
-
^External
i
23%
Apr]
K
*10%
J
Jan
5% Jan
5
J
Jan
95%
Apr
56
♦25
*25
Akershus (King of Norway) 4s.1968 M 8
Aug
185
157% Dec
Jan 1 3
4%
Co.-i-10
100 Am Comm'l Alcohol Corpi.20
21
95%
*178
2534
*134
-
98% 106
a
*Gtd sink fund 6s..
i
13034. Oet
Apr
Jan 13
Jan
7334
.20%
109%
.95 %
Jan 14
No par
Jan 28
Feb 10
;
.33 i
Feb 11
Allegh Co NJ 25
5% conv preferred
400 American Chicle.'
Am Coal Co of
53.4
*®8
*5
5*4
*5
'
*38
2534
35
167
Agricultural Mtge Bank (Colombia)
June
8%
39
Dec
f. k
*278
%
934
Dec
S f cxt conv loan 4^3......1971 MN
*20
104.22104 25
*100
Transit U nlficatlon Issue—
Dec
58%
/",% Apr
*
Feb
186
12
68
400 Am Chain & Cable Inc.No par
18
458
4®8
'
25
Preferred
3,800 American Car & Fdy..No par
400
Preferred
-100
19%
19%
109% 109%
z70%
70%
1097g
72
*13
4»4
*70
18
*109
18
100
3184
31%
7034
191.1
19U
71%
*13
*8'8
*92
High
63% July
Feb
40
8
5% Jan 14
3%
33 t Jan 15
26%
13034 Feb 10 zl22%
1
134 Jan 3
2
8
100
1,600 American Can.
611®
61%
*163% 16434
31 »4
3112
70
1914
097S
7112
18
<
32'g
*41.1
-
61
164
6112
1641®
6012
3178
71
1014
61
!16U® *163
*162
*69i2
*1884
♦108
Low
J
1945-1947
.
♦Antloqula (Dcpt) coll 7s A...1945
591®
No
High
*104.18104.26
S
G.......... 1942-1944 J
1^9 series M._
•
Apr
41%
14%
3
29
5H% wv pref—.-,..--100
500 Amer Cable & Radio Corp..l
U4
Jan 28
8
125% Jan
180
128% 12884
1%
6% preferred
100 American Bosch Corp....j..l
1,200 Am Brake Shoe A Fdy.No par
4%
*4
30%
200
56-
41% Feb 26
5% Jan 2
1,500
22%
•
30'2
301®
30% 301®
128*4 12834 *12834 129
13s
114
1%
*114
11
1%
4's
*4
378
301®
634
800 Amerada Petrol Corp..No par
5384
*53
23
*44
46
46
42U
65g
531
U
678
12834 128*4
1%
*164
Jan. 1
Oct
14% Mar
•"
Since
Q
Cg CO
*104.20104.28
Home Owners' Loan Corp—
as series A
...1944-1952 WN
Aug
14'4
Dec
24%
1% Jan 26
18% Jan 27
17% Feb 17
(Con.)
2i%s
71-% May
3
3
30% Jan
18% Feb
8
13is Jan
.50
6% conv preferred..
81
Feb 24
27% Feb 20
500 Amalgam Leather Co Inc...-?
-
1 •%
183a
%
*17
531®
4U®
4278
6"
42s8
6i®
3012
301
128% 128U
53i2
22'2
221®
42
421®
6i»
*H4
177g
*17
28
17l2
*17
03s
*4
*74%
5
O
Asked
<fc
?•/ Foreign Gwt. & Municipal
53
53
1'8
18
I'K
75
28's
Jan 27
Range
'Friday's
Bid
Price
167% July
214
6
Range or
Sale
S.
Federal Farm Mortgage Corp—
.3.%s____
.......1944-1964 M 8
3s..
...1944-1949 1/N
share
per
Dec
4%
12% Jan
13'®
5%
*11
*1338
1281® 129
1281® 128i®
share 3
17%
7334 Feb
5% Jan
1,100 Allied Chemical & Dye.No par
-->-5
600 Allied Kid Co....
13i®
129i« 130
S per
2234 Jan
Last
&
EXCHANGE
Highest
'
$ per share
STOCK
Week Ended Feb. 27
1
Lowest
rs
Friday
-Ranqe Since Jan. 1
York stock
new
for
Saturday
NEW YORK BOND RECORD
STOCKS
Sales
SALE PRICES,,
For footnotes sec page 901.
16%
9
9
6%
8
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
155
NEW YORK BOND RECORD
-
r60Ni)3
'
Last
■
N. Y. STOCK EXCHANGE
Kanse
Sale
"
Week Ended Feb. 27
Price
NEW YORK STOCK RECORD
Week's
Friday
AND HIGH
LOW
or
SALE PRICES
tk
STOCKS
Sales
Friday's
Rid
NEW YORK
for
Asked
Saturday
Feb. 21
Feb. 23
$ per share
Wednesday
Tuesday
Feb. 24
Monday
Feb. 25
Feb. 26
$ per share
Feb. 27
$ per share
Year (1941)
of 100-5Aor« Lots
<
Week
$ ver share
Ranpe Lor Previous
Ranne Since Jan. 1
On Basis
STOCK
EXCHANGE
the.
Friday
Thursday
Shares
Lowest
Highest
Lowest
Highest
Foreign Govt, & Munic. (Cunt.)
7
*29*4
31
*29%
31
210 Beech Creek RR..........50
28
*79
83
*80
83
100
Beech-Nut Packing Co....20
Belding-Homlngway-.-Afo par
81
Fob 21
*7
7
;
*13.
33
.,333*
1234
*....
497s
59%
11!)
*20
*48
20%
2t
*20%
2078
*17*2
18
6*3
•
'
*13*2
6'w
14
110% Jan 10
7% Jan 29
$
6,000 Bendlx
3578
12*4
5078
Aviation...........5
1,700 Beneficial Indus Loan..A/V) par
100
,Pr pd $2.50 dlv ser'38 No par
700 Best <fe Co.
21
No par
— ...
28*8 Feb
6,300 Bethlehem Steel (Del)..No par
600
7 % preferred.......... 100
200 Blgelow-Sanf Carn Inc. No par
100 Blaok A Decker Mfg Co No par
1,600 Blaw-Knox Co........No par
Bliss & LauThlin Inc........5
Jan ~3
Jan 13
10% Deo
52
Feb 10
11% Jan
Feb 19
Jan 23
50
Jan
9
5
17% Jan
6
2
Jan
13%
7
22*2 Jan 20
19% Jan '28
7% Jan 14
14% Jan 3
121
Feb 19
Jan
Mexican
Irrigation^-
? 1
Dec
Dec
Dec
17
Oct
Deo
90
Mar
12
*10%
12*4
BloomIngdaie Brothers.No par
12
Jan
2
12
Jan
2
*68
75
*65
75
Blumenthal <fc Co pref.... 100
69
Feb 20
69
Feb 20
70
5
5,600 Boeing Airplane Co..u
100 Bohn Aluminum <fc Brass...5
26
Feb 11
90
36
2
Feb 26
15
Feb 11
»
37%
*15
15%
!20
20%
22%
23
23
263.|
*24%
*17%
8*4
177„
*25
of '13 assent.. i .1933
*18
K;. 19
".S-V!
v
f
-
'
8%
17*i
17
ii«r':1.
'v
'
-
28*2
*32%
*29
28*2
337«
32%
:
*7u
•!'
v
*9
v
*>•'
1*4
-
»
1234
*31%
12%
•*8
:"*8;.\ 83s
-
1957
*105
112
f 5s
Apr 1958
23.1
Norway external
—1943
61*2
9
•
33%
♦12%
,.j- r:
*7|«
I 1'4
9%
*31*2
Near South Wales (State)—* *
Externals f 5s.......
*15
27
20%
23%
2*,|
27
19
*17*2
4X8——. 1956
1965
4s
*108
18
*«M
1%
400
9%
3278
12%
200 BucyrUs-Erle Co
10
7% preferred
8M
112
210
*7
7%
x20
20*2
26
18*2
55*4
7
*25%
18
Stock
*54%
678
Exchange
*—«—»
.1955
36 H
*22
....
*278
21%
578
Closed
578
578
Washing-
2*4
7%
♦Panama (Hep) extls faster A. 1963
♦Stamped assented 5s....1963
Stamp mod 3.%s ext to
Ext sec ref 3 Xs ser B
•Pernarnbucp (State of) 7s
♦Peru (Hep of) external 7s
♦Nat Loan extl sf 6s 1st
♦Nat Loan extls f 6s 2d
63
"2
69
Birthday
10 H
205
17%
9%
133
*5078
{♦Poland (Rep of) gold 6s.... 1940
11%
6X
ion
*30*2
*4%
67S
6X
12X
1
13 X
3
37
;
12*4
12
11*4
*27%
88:
25%
25
♦2%
1947
Queensland (State) extl 6s
64
34%
1986
,1' *7s municipal loan..
1967
7%
•
;
♦7s extl water loan
♦6s extl dollar loan.....
s
10
18%
*88
90
115'
87
r-
:
33*4
19%
*88
90
*98%
No par
Capital Admin class A..
$3 preferred A
1,300 Carriers & General Corp
900 Case (J I) Co
190
7*i
34
34*4
19%
19%
*88
90
*87
88
7%
*66*2
1878
7%
.1
100
Preferred
100
19
2%
'2%
2
*98%
2%
98*2
2
99%
98%
98%
98*4
98%
2%
2%
*2*4
16%
3%
*2%
3
16%
*2%
3
13*2
5,400 Caterpillar Tractor
No par
2,200 Celanese Ccrp of Amer.No par
90
87
:
3%
17
16%
*2
17*4
2%
16*4
*2%
*84*4
28'1
178
2678
94
,.*84*4 -i 94.r28*i v 29% 29%
-*2 " '2%
17«
27-%
27*4 V 28
16%
*16%
2%
13
*26%
2678
V 16*4
16%
16*4
'
•3;
94,
28%
30
1
3
*2%
*88
29*2
"
*2
-
•
28
99
99
16*4
*6%
16*4
18'i
99*4
99
*16%
3%
*3%
6%
3*i
3*4
99%
2:16*1
*6%
3%
33%
33%
9778
33%
33%
33%
33%
33%
9778
97*4
97*4
1%
1%
1%
4%
*4*4
2% r *2*8
11%
11%
4%
4%
4%
100
*99
20
61
35
*16*4
17*4
' 6%
6%
*94
♦4148 assented.
— ... 1958
8ydney (City) s f 5Xs.-.
1955
"ex
45 X
*95
*1% V 1*8
5
.'4%
*2%
"
1%
4%
—...
....
2%
*4%
•••2%
11%.
*4%
11%
11%
4%
'4%
*15%
*70 H
*70 H
"79"
1964
71H
71X
3Jis-4-4)4s (1 bonds of 1937)
externa] readjustment.... 1979
3
-4-4 His ($ bonds of 1937)
53 H
56 X
16
*37
y
•Uruguay (Republic) extl 8s.. 1946
1960
♦External s f 6s
38
*507s
....
74
76
"5
71H
71H
82
53H
54
3o
:io
59H
'
17
'
17
6%
*3%
6%
*94
■1*1*4'
v
2%
•
*lo
*1578
*37%
*5078
3
94
*66%
18%
18%
•
*2
•
2%
97% -97%
*2?8
3%
*16*4
1678
*2%
3
*88
*2
3 He extl readjustment.
1984
4%
2%
11
11%
*4%
3%
33*4
977«
1%
4%
2%
11%
478
*%
*%
%
"is
16
16
54
*%
%
*8
*878
716
716
9%
13
*12%
1%
13
*87S
*12%
56
65
"3
57 H
52 X
62 H
56 X
25
55 H
67 H
60
46H
*1%
*21*2
1%
22
*21%
1%
25
*21%
44
42
49%
50*2
5078
5178
10%
10%
*93% 100
93*2
10*4
42
*29%
5X
5H
*69
RAILROAD and INDUSTRIAL
COMPANIES
10-year deb 4 Hs stamped... 1946
1943
B.......—1943
Albany Perfor Wrap Pap 6s... 1948
6s with warrassented..——1948
Alba y & Susu 1st guar 3Hs—1946
3H p registered...
—1946
98;
102
AUegba
y
& West Istgu 4b...1998
For footnotes see page
901.
53H
98 X
103
68H
56H
10
100H 101
98H 100
102
106H
18
"54"" "61H
"4
83
104X
83
V:
5
■
%
13
-
37*4
5i«
50
5%-preferred
...100
1,000 Central Agulrre Assoc. No par
1,200 Central Foundry Co
80 Central 111 Lt
1
4H% pref.. 100
200 jCent RR of New Jersey.. 100
900 Central Violeta Sugar Co...
61
61X
60)
62
6
55
62
89
89 X
90
5
81H
«9H
85H
2
2
3*2 Fob
2
Jan
,-rOl
Jan
Jan
5%
July
Dec
8%
34*4
35%
207«
56*4
49
Dee
Dec
Dec
May
5*4
Dec
1*4 Dec
6
July
Jan
Sept
July
Nov
9% July
4*4 Sept
Dec
4*4
18
25
Dec
Dec
15
23
2%
Dec
6
Dee
76%
Feb
Apr
Jan 13
11*4 Jan 20
7*2
95
118
5*4
18%
23%
15%
3
Sept
76
5
6
3
378 Jan 14
8% Jan 14
11
Feb
Dep
Feb
21% Feb
6% Feb
20% Feb
18
Jan 10
10
3
% Jan
578 Jan 2
1178 Jan 2
1078 Jan 29
30
Jan 13
3% Jan
33*4
Jan 23
85% Jan 16
2478 Feb 25
»3i
V
2% Jan 28
278 Jan 13
Feb
6
Feb 11
Dec
4% Dec
9% Nov
1078 June
26*2 Dec
3
Dec
32*2 Dec
1% Dec
Sept
67S July
Aug
Jan
Jan
4%
11*4
100
July
12
Jan
7*4 Jan
1478 Jan
17*2 Sept
Jan
40
5% Aug
3978 Apr
3% July
Jan
Dec
41
79
Dec
22
Apr
92*2 May
30% Jan
3% Jan
87*4 Sept
*2*4
Dec
63*2 Feb 21
69
43
Feb
Jan 16
121
112
Mar
33*4 Feb 26
42
36
Dec
117
,24% Sept
54% Nov
1% Jan
32
7
127*4 Jan
Mar
51
478 Jan 14
37*2 Feb 16
2% Jan 14
37
Ft b
5
89
Jan 28
2
Jan 14
1*4 Feb 10
34
15*4 Dei
19*4 Jan 26
5078 Jaa 29
1*4 Jan 14
7*s Jan 14
13*2 Jan 27
12*2 Jan 5
30 s Jan 17
16*2 Jan 2
29
5078 J
18
7% Feb 18
66
Jan
3
71% Jan 3
23% Jan 27
Feb 25
15
Jan
21% Jan 3
93
Jan 12
120% Jan 22
94% Jan 14
8% Jan 3
Feb 16
87*2 Feb 18
2
1% Jan
97
18*2 Dec
116*4 Mar
"5%
125
Jan
65f
Dec
Dec
50% July
29*4 July
122%
Dec
10% June
Sept
75
zl5% June
22*4 Mac
Deo
3% July
115*3 Jan
4*2 AUK
110
1087a Dec
Jan
15% Jan 7
2% Jan 26
18
Jan
5
2,260 Cerro de Pasco Copper.No par
27
Jan
2%
100 Ccrtaln-teed Products......1
Jan 29
92
29%
6%
prior
preferred——.100
4%
Feb
85
85
*140
63*2
*57*2
*500
12%
38%
3378
145
64
58*2
800
Deo
4
77
Oct
97
31*4 Jan 27
25
Dec
2% Jan
5
1*2 Dec
29
Jan 27
22% Apr
19
Jan
15
:
33
*94
V
17
6*2
3%
33%
97
600
6% pf 100
97
Jan
2
100
6
Jan 14
No par
16
Jan
5
17
Feb 10
No par
110 Cham Pap & Fib Co
100
*6%
3%
Common
.
800 Checker Cab Mfg
200 {Chesapeake Corp
5
*12%
100
Preferred series A
33
96
1%
*1%
400 Chic A East 111 RR Co.No par
1
Jan
3
500
3*4 Jan
2
11%
4%
11%
4%
1578
*37*4
*50*8
40
CIhss A
300 ChicagoGyeat Wost RR
2,800
Co.50
...50
5% preferred
700 Chicago Mall Order Co
5
51%
52 :
50*4
10
10*4
93*4
2:50*4
10%
*1%
*21*2
50*4
Feb 11
Jan
Jan 29
Pr
%
13
15
37
50
S3
200
9*2
13*4
1%
24
51%
,
preferred...No par
200
54
%
11t(i
2
2
4% Jan 23
1% Jan
9% Jan
pf (S2.60) cum div No par
600 Chic Rock Isl A Pacific.. 100
800 Chicago PneumatTool.No par
16
38
%
1%
Jan 30
1%
4%
2*2
*%
24
Feb 27
1%
*87g
13
6% Feb 25
3% Jan 3
No par
25
14,000 Chesapeake A Ohio Ry
100
16% Feb 10
4%
*2%
%«
*21%
12%
42
*34
2%
31
*28
76
110
200
600
"loo
conv
%j Jan
100
100
8
7% Jan
,
Apr
3478 July
5% Jan
4% Jan
6
17*2 Jan
3
39*4 Jan 21
52
Jan
5
% Jan 16
*4 Jan 29
37%
Jan
4378 Jan
95*2 De
14*4 De.
5*4 De
2*4 Maj
31*2 Dei
93
Dec
•u
Deo
1*8 Mar
l*i« Mar
37a Mar
3*2 Dec
84
62%
54
Apr
*ti
Dec
%«
Feb
14*4 Sept
Dei
6
1
25
Jan 13
20
52
Feb 25
41% Dec
2% Feb
2
Dec
*96
32%
*140
**%«
1
*2%
1%
*11,
2%
178
92
11
11
72 H
76 H
10*4
10*4
64
1%
1%
55
6
54H
69
*46*2
67 X
1
66
68
38
47
1%
46*8
11%
107s
1*8
46%
38
38
38
1078
10%
For footnotes see page 900.
*25*2
2
Deo
31
Feb 11
Ry.Co—100
71
City Stores
*25*2
27
96
96
*90
97
"~30
84
*84
38%
*48*4
38*1
33*2
39
"2! 100
*48%
38%
33
*142
59*2
57*2
*460
33*2
145
60
57%
800
142
60*2
*57*2
*460
100
*15%
h
*78
*2
*2
*1%
*1%
100
16
1
*96
*15%
*%
2*4
1%
*2
*1%
3378
142*i
61
60
800
101
16
1
2%
1%
9%
10*2
10
10
10%
1%
10%
10
10
1%
46%
46*4
*46*4
47
46%
44*4
*39
42
*39%
*39
10%
11
1%
1%
8
71
112
Jan
3
29
Jan
5
Feb 26
100
Jan
5
82*4 Jan 21
84
Jan 26
50
Feb 24
Jan 26
Climax Molybdenum ..No par
37*4 Feb 20
30*4 Jan 22
44
Jan
5% preferred
...100
1%
46*2
42
1,400 Cluett Peabody A Co..No par
30
Preferred
100
3,900 Coca-Cola Co (The)...No par
300
Class A..
No par
96
50
139
470
1,900 Colgate-Palmollve-Peet No par
200
54.25 preferred
No par
Collins A Aikman
No par
101
5% conv preferred
100
600 Colo Fuel A Iron Corp.No par
110 Colorado A Southern
100
4% 1st preferred..
4% 2d preferred
100
100
2,500 Columb Br'd Sys lnc cl A .2.50
""80
500
Class B
2.50
9,200 Columbia Gas A Eleo. .No par
300
6% preferred series A...100
5% preferred
100
Jan 22
59% Feb 25
55% Jan 28
20 Coca-Cola Intern Corp.No par
"2I6
29% Dec
139
Jai 24
Jan 24
109*2 Jan 12
25*4 Feb 18
30 Clev A Pitts RR Co
1%
10%
*10%
2% Jan 12
34*2 Jan
7% gtd.50
Special gtd 4% stock
50
27
12*2
*12%
12%
12%
12%
12%
*102% 103*2 *102% 103*2
102% 103
*12
12%
12% *12
12% *12
16
2%
60
62
100
"n
19
145
59*4
100
*78
69
39*4
33
15*4 ;*15
100
15%
87 X
74
86
*48*4
470
16%
Aug
5
No par
84
*84
-38%
470
100
40
2% Jan
100 Clark Equipment
Clcv Graph Bronze Co (The). 1
800
100
Dei
5% preferred——.....100
*480
1278
Dec
60 Clev El Ilium 54,50 pf.No par
96
12%
8
92
76
*90
105
10*4 Feb 25
96*2 Jan 23
""306
Feb 25
12*8 Feb 24
Feb 13
12% Feb 20
99
Jan 19
10*4 Feb 19
*4 Jan
1*2 Jan
1
Jan
978 Feb 26
10*4 Feb 26
1% Feb 10
46% Feb 13
38
Jan
10*4
5
110
58
12%
2*9
31 "
Jan
%
9*4 Sept
3
42
2*2
31
%
Dei
Jan
*69
-58
*12
*34
2*4
31
Feb
■u Julj
Jan
110
59
*103
42
*2*9
*29%
Jan
July
*it
8% May
9
76
*58
13
*34
19*2 Jn'y
44*2
49
93
6)|% preferred..
City Investing Co
Jan
18
4% OCt
44% Jan
102*2 Feb
D4 July
6% Oct
3
July
11% Nov
8% Jan
9*2 Feb
37*2 Apr
100
100
5
40
110
96%
63%
100
110
27
145
10*4
*94
*69
*25*2
84
10*4
94
76
27
*48*4.
39*4 39*4
33%
33%
*140
2%
10%
94
21% Jan
107*3 Oct
22% Sept
3
% Feb
21% Jan
—.5
No par
22,800 Chrysler Corp
1,000 City Ice A Fuel
Oci
9% Feb 13
13*4 Feb 27
1178 Jan
1% Jan
25
Chile Copper Co
Jan 26
5
2*4 Jan 26
12*s Jan 27
Jan
No par
100 Childs Co
Jan 30
4
2
8% Jan
7% preferred
6% preferred..
5
36*4 Jan 27
98
Feb
7
1% Jan 29
*4 Jan
Chicago Yellow Cab...No par
Chickaslia Cotton Oil
.10
110%
*110
*25%
96%
•
V 31
*69
110
105
16
42
2%
*69
*12
61
71
Dec
July
17
V 2
■
13,
21
23% Jan
•
3% Feb 11
Jan
9
2
17g Feb
Dec
1
3% Feb
2
85
......
138
2% Feb 17
5
Jan 29
1% Jan
par
Century Ribbon Mills.No
Preferred
9%
24
*34
*178
1%
60
2
100
*
......
200 Chain Belt Co..
*%
**2
*%
*87S
9%
*1*8
*2*4
*29%
*103
106X
1649
.......1950
65X
1
*101
Alleghany Corp—
5s modified........—.....1944
♦5s Income.
2
56
96%
*83*4
*48*4
*37*2
*33*2
66 X
26
*95
1st cons 4s series
5s modified.-.-.-——1960
110
*25*»
Ala Gt Southern 1st cobs A 5s.
5s modified
2%
31
1; 76"
110
56
19% Jan
55% Jan 10
7% Jan 27
Jan
6% Jan
54
June
2*2
14% Sept
37
23% Mar
12% Jan
51
C C C A St Louis
-
*2%
{Abltibi Power & Paper¬
less scries A unstamped.—1953
♦Stamped
.1953
Adams Express coll tr g 4a....1948
Coll trust 4s of 1907
...1947
6
7% Fob 14
Jan
5
Jan
7
17% Feb 18
xl09
3
26
Feb 13
480
*16*4
37*4
*50*2
7m
*34
*4X
Feb
23
83
18%
100
1578
9%
*92% 100
*4H
66
3
Feb 20
28*2
6*2
50%
' %«
*10
♦Warsaw (City) external 7s... 1958
♦4 Hp asseuted
.....1958
3% Jan
2
115
28%
17
37%
*12%
*41
5
100
prior preferred
*16%
18%
99*4
157g
37*2
'
52 H
56
105*4 Jan
2*4 Jan
60% Feb
100
94
29%
29*2
2%
28*4
5078
16
38
54
*8?8.
•
*52
7% Dec
70
7% 2d preferred....... 100
1,260 Celotex Corp
..No par
7*2
70
•
1978
1978
87g Jan 9
11)% Jan 27
7%
iv
1979
11% Dee
I
7
29 X
6
External conversion
Jan 16
2
16
1962
3X-4X-4li» extl conv.
4-4H-4H18 extl readj..
14
5% series prior pref
190
87
*7%
187g
66
18%
34%
11678 11678
88*2
7%
70
66
*178
♦7» series 13 sec extl----——1962
♦Silesia (Prov of) extl 7s
.1958
♦External sf6s
Jan
Feb 20
1
10
50 Carolina Clinch & Ohio
Ry. 100
300 Carpenter Steel Co.....
5
2*4
64%
10*2
28%
Serbs'Croats A Slovenes (Kingdom)
-..
......
119
69
1
.
♦8s secured extl
No par
200 Cannon Mills..
2%
1878
14X
1968
6
......
4*2
37
11678 11678
87%
7%
87
7U
*66
10
5
29 X
..1966
*2%
*63
119
116*4 117
"
68
,2%
..
1: ■9
39 X
17k...........1940 A O
37
25
*3%
{♦Secured
Dee
5
1
63 X
16
♦8J4s extl secured s f.......1957
(*San Paulo (State) 8s
1936
♦8» external...
1960
12
25
' 34%
18%
19%
*2%
4s...^..T..;:1964
Dec
7
30
19% Feb 14
2-% Feb 24
7% Jan 8
400 Campbell W & C Fdy..No par
3,000 Canada Dry C,lnger Ale
5
Canada Southern Ry Co..100
10,000 Canadian Pacific Ry.......25
1234
37*4
2%
*84%
♦Sao Paulo (City of, Brazil) 85.1952
1
7
5% Jan 19
50
600 Callahan Zinc-Lead......... 1
3,100 Calumet & Hecla Cons Cop.
%
6%
88
34
35
18%
7%
19
6
V»2%.
>J6%
Santa Fe extla f
Jan
45*4 Oct
2% Aug
6% Jan
Apr
Dec
*8
Jan 16
10
No par
1,700 California Packing
10,)
5% preferred
17%
*87
63% 63%
*118% 119
119
115
87
*86%
68
13X
12H
13 X
13 H
...1968
100
Participating preferred.. 100
Byron Jackson Co
No par
53
*36
2478
*88
90%
115
■
'
32
12 •
Rio Grande do 8u! (State of)—
♦8s extl loan oM92l
..1946
*6s extl a f g
♦78 extl loan of 1926...
2
13X
6Xs——-———1953
34
18*2
18%
sec
2478
2%
64*2
■
*35%
*178
88
2%
110
34%
*88
*112
•Extl
23*2 Deo
38
9
57
♦ltto de Janeiro (City of) 8s... 1946
88
25
.
4%
2%
37*4
*36
87
2%
278
64
119
63%
3:,78
*178
2*4
3734
87
4%
3578
3578
*36
37
4%
4%
*178
37%
♦87
*31
37
4*i
3578
*36
♦118
678
13
1178
2%
*1%
6*4"
*12%
12
*31
4%
37
*3578
T
23
:
17*2
*5Q78
%
6%
13
♦24
♦Prague (Greater City) 7 His... 1952
6%
78
1178
11%
....
17%
5078
*12*2
13
"23"
*%«
84
6%
13
f 7s....1947
17%
50"8
*»16
1734
52
*50's
'8
6*4
•
1958
17%
17%
52
♦4 Xs assented
....1968
♦External sink fund g 8s.;—.1950
♦4 Xs assented
...1963
♦Porto Alegre (City of) 8s—...1961
♦Extl loan 7X»
1966
Jan
Jan
41
40
014
*15I#
.......
Dec
1
11X
;
.1961
10%
17%
35
778 Feb 18
Sept
12%
25%
5
12
Jan
16*2 Deo
6*4 Dec
14*4 Deo
Jan 13
1% Jan
9*4 Fob
Jan
-
2
1947
1959
ser.. i960
ser.
10
*2
3
DeC
2
2
2
30
oonv preferred
Jan
43
7b
28
35
111% Jan
26
103
1994
1967
3*4 July
39% Jan
2% Jan
1
Byers Co (A M)
7%
9378
21
Feb
6*4 Jan 23
Butte Copper A Zinc..
2*4
*92
"
5%
20%
23% July
217a Sept
Apr
29% Feb 25
19% Feb 13
24% Jan 21
Bush Term Bldg dep 7% pf
Butler Bros.
6
Deo
18%
9*4
2
Jan
No par
Bush Terminal
22
*20
par
200 Bulova Watch........No par
2,710 Burlington Mills Corp
1
300
Conv pref $2.75ser..No par
2,600 Burroughs Add Mach_.No par
3
Dec
18%
18%
No par
900 Buliard Co
17
16
30%
31% Jan
No par
100
3,400 Budd Wheel
54
7i» Jan
100
(E G) Mfg
7% preferred
Apr
Jan 8
Jan
7
Jan 13
Feb 24
Feb
9
Jan 5
Fob
9
Jan 6
Fob 27
Apr
1% Jan
7*4 Jan
par
5
400 Budd
38
Fob 20
31% Feb 27
No par
"206 Bruas-Balke-Collender.No
7
3
23
Brooklyn Union Gas...No
Brown Shoe Co
Dec
2
2
6
26
No par
Bristol-Myers Co
5
500 Brooklyn & Queens Tr.No par
200 Bklyn-Manh Transit. .No par
3
56*2
par
500
7
20*4
•
Manufacturing. No
Oct
89
40*4
17%
20%
23%
2%
26
5
Brewing Corp. of America..15
1,300 Bridgeport Brasd Co ...No par
4,900 Briggs
62%
678
s
Bower Roller Bearing Co
12*8
25%
21% Jan
Jan
19% Jan
19*4 Jan
1*2 Jan
24*4 SePt
6
31*4 Jan
5
95% Fob 16
16% Feb 11
17% Jan 8
8% Fob 13
15% Jan 2
.
200 Brigg8 <fe Stratton
25*4
18*2
67S
*278
♦4 Xs assented
♦Stabilization loan
8*4
18%
1
...15
6,000 Borg-Warner Corp.........5
300 Boston & Maine RR
100
32%
*23.i
20%
O
-
100 Bond Stores Inc...
3.600 Borden Co (The)
30
62%
*2478
*1734
....1963
Municipal Bank extl s 15s.. 1970
Oslo (City) S I 4Xs.;«
:
19
8%
8*4
18
27„
*54
Externals f 4lis
s f extl loan
40 Bon Ami Co class A...No par
! 180
Class B
.....No par
15%
20
23%
*17S
*24%
61%
...
1944
External 6s
External sink fund
18%
28
94*2
36%
1958
...1959
f 6
*1%
.
36%
4s of 1904....—.1954
8
s
36
22*2
4s of 1910..1945
n
External
*27%
93*2
36
'
'»
1778
96
*94%
20%
7Montcyided (City) 7s.......1952
*68 scries A„—»—i.—s.—-1959
•*
17*4
;• 27%
17*2
♦27
37%
15'4
20%
*15
5s of 1899.....—1945
MlnaS Gerack (State)—•
♦Sec extl s f 6Xs
♦Sec extl
17%
34% July
89% Jan
Jan
317# Aug
237s Sept
10% Jan
18% Jan
13D2
13
*10'i
;
Oct
41% Be t
207g Jan
57
May
Dec
123,1
17
-
5
75
♦Mexico (US) extl 5s of I8fo9 £.1945
♦Assenting
♦Assenting
♦Assenting
i ♦Treas 6s
Dec
8*2 July
15*4
10
*26'1
2734
*94% 100
♦4 X» stamped assented.....1943
Dec
21
*1014
♦Medcllln (Colombia) 6X6-i-1954
Mendoza .(Prov) 4s readj.. ...:19W
Dec
51% Dec
115
*65
M
Aug
19%
24% Jan 19
6678 Jan 2
20% Feb 26
58% Feb 17
117% Feb 27
20
17
6*2 Dec
10-% Jan
3>% Anr
share
Apr
Jan
126
14
"31%
per
32
June
108
3978
6*4 Jan 14
48
share $
per
Belzian Nat Rys part pref
61
61%
117% 117%
20%
20%
17%
17%
'*6*2
6*4
*13% 14
60%
61
*117'4 120
2078
18
6%
137R
*13
12*4
12*4
50*4
20%
119
*1714.
6%
♦Jugoslavia (State Mtge Bk)7s 1957
35%
35%
*48
2U2
697s
100
7%
*13
..
35*4
12*2
'
*12%
*7
7%
*13
--
21 '2
$ per share
20
Feb 24
Jan 23
81
81
Irish Free State extl 8 f 5s....I960
5 per share
2934
*2834
♦Haiti (Republic) s f 6s ser A..1952
Helsingfors (City) extl 6 He
1960
Par
■
Feb 20
5
Apr
Jan
Aug
98
May
105
81
Dec
48% Nov
27
Feb
28*2 Feb
Dec
60
Mar
470
Feb 25
740
July
6
18*8 Jan 26
1% Jan 30
2% Jan 31
2
Feb
142
Dec
1078 Dec
Feb
100*4
Deo
11
33*4
84*4
50
Oct
Mar
106
Jan
63% Nov
July
740
16% Sept
106
Nov
30%
114
12% Dec
% Dec
20
l7g
Jan
Mar
Jan
Jan
Dac
1
%
2
Jan
Sept
44% Dec
397g Sept
148
Sept
105% Dec
3*2 Aug
Dec
2*2 Sept
21% Jan
13% Jan
11
Dec
13*2 Jan
1*4 Jan
11
Dec
1
Dec
54
43*2 Deo
Jau
46% Feb
4% Sept
40*2 Aug
139
Apr
85
78
13% Jan
Jan
10*4 Feb
104*2 Aug
115
6
9
105*2 Jan 22
14% Feb
5
105
Jan 2
Jan
72%
Oct
70%
Jan 3
Feb 27
Jan
Aug
109% Deo
24
Oot
36*2
142%
79*2
63*2
Jan
3
27
42*8 NOV
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
894
Monday, March 2, 1942
NEW YORK BOND RECORD
NEW YORK STOCK RECORD
Friday
Sales
Saturday
Mondau.
Tuesday
Feb. 21
Feb. 23
Feb. 24
Feb. 25
Ranye Since Jan. 1
NEW YORK STOCK
On Basis of iqq-Share Lots
Year
the
Feb. 27
Week
Lowest
(1941)
Lowest
Highest
Week's
'
7
BONOS
Last
Range,
N.Y.STOCK EXCHANGE
Week Ended Feb 27
Sale
Friday's
Range for Previous
:: EXCHANGE
Friday
Thursday
Feb. 26
Wednesday
STOCKS
for
low and high sale prices
Price
Bid
70u
&
per share
$ per share
70'2
*578
G
*70%
*5%
2G12
*26
26%
+09
I7l2
100'2
*99
23
23 >8
23
17%
17%
*102t2 1045s
J)1a
8»4
932
20>2
8%
20%
8%
20%
2%
15«4
*2"8
2^8
20%
2%
1514
*15%
16 '8
17
17
30
38%
20Vi
201a
20%
2-%
*2 la
15%
15%
.17
17%
10%
17%
10%
*9234
05
*92%
6%
6%
6%
12%
85%
12%
6,200
85%
600
1 2'8
12%
1234
12%
12:'4
12%
12%
85l2
851a
86
86
85%
853s
85%
85%
*".«
"ic
9I0
*%8
11
9m
*8%
878
*8%
9
*2
2%
*8%
9
*1*8
"l6
1?8
9
*8%
1;U
134
178
2
29% Fob 20
2% Jan 22
14% Jan 2
23% Jan
6
20
3% Jan
7
2% Nov
13% Dec
300
9
2%
*2
.5%
500
,S%
12,400
5%
5%
5%
714
*7
5%
7%
53,8
7%
7%
7%
7
7
*7
5i«
5's
*5'8
5%
5
5%
5
5
5
5
27%
27i2
28
28
*2634
287S
*26%
28%
*26%
2S7s
230
92
92
92
*91%
9 ?1a
*917g
92io
91"g
91 "g
; 200
12%
12%
12%
12%.
1,100
Contai ler Cirp of
3
1,000
Continental Bik
96
300
*91
12%
12%
12%
12%
*2^8
234
97 '2
*12%
3
96%
3
3
*2%
*94%
96%
95%
j
931«
400
7%
12%
3
96%
234
*96%
'5%
*2%
*94
9% Feb 16
1,003
Jan 15
92% Feb 24
16% Jan 18
21'a Jan .8
11% Jan 27
89
2
14
Feb
94
7
2
Jan 3
F:b26
Jan 2
Jan 7
9
1%
5%
4%
Jan
103
22
Jan 21
29
$4.59 pfN0 >ar
91
Feb 16
Atneric*-2o
12
Feb 17
96%
13%
3%
103%
5% conv preferred
Consumers Pow
2% Jan
Co..-No w
8% preferred
2
96% Feb 24
—
<
14..
93
Jan
11
•
3
2%
Jan 15
*778
3.8
3"t8
21
*18
*
25*8
2534
8
8's
3'a
11
*49
50
*49
*30%
3114
5212
5214
172's 172'«
*278
3'8
"31
4
1313
13%
93
93%
+
14>2
14%
*658
173.1
*19%
39%
*11
IHH
*80i.i
807«
2;49%
53
53%
30
52%
53%
172% 172%
*27g
3%
*27g
14'a
14%
*6%
678
Closed—
Washing¬
14
13%
93%
13%
14
14% • 14%
*6%
67g
*6%
17%
18
*17%
18%
*39 <8
391a
39%
39%
*38%
38%
10%
11%
10%
10%
107S
11%
80
11%
8014
80%
*80
,
v
200
*79%
31%
80%
80
80%
450
32%
31%
31%
*77%
78%
*77%
78
77%
31%
77ia
1,500
78
*11%
1134
*11%
77S
13
*1111
7%
13
*11%
12
12
12
8
8%
*7'8
132
*130
132
132
♦127
85
*82
85
+82
*82%
*11%
*14
90%
738
135% *127
*82
84%
,
7h
132
84%
1134
1134
*11%
12
*14%
14%
*14
14%
*14
14%
*90%
95
*90%
95
*90%
95
*16
*82
9
♦
916
la
9I6
14%
1634
15%
1634
71a
%
1634
14%
14%
8
190
11%
*11%
14%
*90%
9ie
141a
14
16%
Cudahy Packing
100
Cuueo Press luc
200
9i«
141
2,400
80
16%
900
7%
7%
7%
7%
7<g
11.600
24%
25%
24%
2,303
*80U
89
♦8OI4
89
*44
47'2
♦44
47%
14%
*80%
*44
143.1
*801i
47%
1
14%
14%
89
*80%
*44
80
24%
89
47%
14%
*44
47%
14%
14U
14 la
Feb
Feb
Aug'
41
Jan
36
Jan
Feb
'%« Jan
18
2
14% Feb 27
16
Feb 14
7% Feb
Cur tins-Wright
24% Feb
A
7% pf-100
$8 preferred.......-No par
Cutler-Hammer Inc.-.Nopar
80
Jan
44
Jan
11
25
19
17
14% Feb 18
Dec
Doc
Doe
80
28
2
•
Dei
1% May
13% Jnn 14
,
3%
Jan 27
.
41%
»
Jan
8
5
18% Jan 5
9% Jan 6
25% Jan 12
17% Feb
83% Feb
4-5
-Jan
77
Dec
17j
45
Jan
34% Feb
10% Sept
29% Jan
80
Dec
90
14%
Dei
111
111
112
110
110)4
110
111
10254
*97)4
*104)4
4>Ss A.,,1962
J
m 8
Aug
47% Mar
{20
July
1946
3
3
3
3
16%
*15%
16%
*15%
157g
11
*10%
*10734 109%
7%
7»4
*10%
11.
*!0%
11
*1518
3-%
22%
22%
+2734
28%
11
15%
*10%
11
10%
9%
4%
10%
934
9%
*4L
4%
4%
12
♦10
*10%
9%
9%
4%
4%
4%
*%
lo
9%
la
*101)4
'2
18U
I8I4
18%
18%
18%
18
18
18
18
23%
23%
23%
23%
23%
35t,i
34%
34%
34%
34%
9
*8%
1678
1678
81 %
♦75%
17%
79
17%
600
10
4%
2,030
Delaware &
4,000
Delaware
*%
la
2",700
% Donv & R G West
Detroit Edison
.18%
18%
23%
*34%
*8%
zl7%
18
180
24
2,030
24
79
400
18%
*34%
18
*75%
»
18
9
8%
17%
5,203
18
36
79
8%
17%
*7534
10'a
97g
4%
7%
22
1*>
23
23%
3514
3,656
28%
7%
22%
29
<
.
*8%
17%
361?
9
17%
800
300
1,600
Conv 5%
Chemical Co (The).l
Dayton Pow A Lt 444% Pf-100
Decca Records Inc
1
Deere A Co....
No par
Davison
2
Feb 18
27
10% Feb 24
7
Jan 2
3% Jan 2
*32 Jan 23
16% Jan 2
14
Jan 5
23
Feb 2 6
3 4% Feb 24
Raynolds A ..No par
Diamond Match.
No par
Devoe A
25
Diamond T Motor Car
33
33
35
*33
35
100
19%
19%
19%
19%
19%
19%
19%
*19%
19%
400
Doenler Die
1178
12
12%
11%
12%
12
12%
12
12%
2,503
Dome Mines
59
59%
63
63%
64% 65%
109% 110
137g
137g
5,433
Douglas Aircraft.
*8%
33
9
35
19%
12
5812
58»2
09U 109%
14
9
*8%
14
*8%
*33
61
63
110
110
14%
*14
14%
3%
*3
3%
3%
*8
35
+33
109% 110%
*13%
+3
87g
*8%
*3
14%
*3
912
*8
113
113
15% 116
21
121
116
118
117% 117%
*121
123%
114
*113
114
122% 122% *123
113% *113
113
14
8%
109% 109%
12l2 H9i2
9%
*75%
*8
9%
*8
*112
1191a
112
14%
3%
8%
79
.8%
1,200
400
Oil
3,000
124%
123% 125%
403
113%
114
114
110
53% Feb 19
Feb 1 /
No par
Chemical Co.....No par
Co
No par
Duplan
40
*112% 119%
118% 119%
117% 118
Dow
8% Jan 21
32% Jan 2
19
Jan 2
10% Jan 3
103
13% Jan 16
Feb 10
3
Dresser Mfg
I
._._.N0 par
—100
Corp
8% preferred
(E I) A G'O---20
$4.50 preferred
No par
Du P de Nein
Duquesne Light
5% 1st pf-100
3% Jan 10
Feb
16
3
11% Jan 19
110-
Jan
8
2% Dec
14% Dec
6% Api
109% Juli
8% Jan 5
24% Jan 14
18
114
Dei
6
Dei
'2%
Feb
20%
9% Feb
% Aug
21
Dei
23% Apr
20% Sept
297« Jan
33
Dee
41
67g
9
Feb 13
7
13% Jau 21
70% Jan 6
124% Jan 3
15% Jan 3
Dee
17
Jan 29
21
May
g9i4
Dec
5914
Dec
pll 1% Sept
12% Dec
2% Dec
3% Jan 14
3
6
113
Feb 24
105
Aug
23
144
Jan
121
Feb
21
113
Feb 25
7
126% Jan
115% Feb 13
Jan
15%
8
9%
Feb
2
136% Dee
120% Feb
111% July
Jan
79
Jan
Jan
6%
21%
*2%
21%
2%
132
*171
175
*171
28U
*14%
28%
15
21%
2%
21%
:
3%
131
132%
175
28%
22
11%
11%
11%
1%
%
175
+171
175
29
29
30
15
*14
15
*25%
32
*25%
48%
*108
*2%
Eastman
175
287g
"L5O0
217g
22
22%
T.656
11%
%
11%
11%
1,400
100
*'%
1%
1
1
1,700
30%
30%
30
30
600
27%
*26
27%
*26
27%
26%
26%
25%
26%
300
32
1
32
32
1
1%
32
32
32
32
32%
32%
800
27%
*25
27%
100
48%
48% 48%
49%
48% 48% *48%
*48% 48%
108% 108% *108% 109% *108% 109% *108% 109%
303
108%
2%
27%
2%
71
*66
77%
*74%
J,j
832
2%
%
6%
67
6%
5%
5%
5%
39%
39%
*
78
2%
5%
22%
%
*%
2%
2%
2%
27%
21a
*2%
2%
67
*63
67
71
*63
71.
*66
76%
*74%
76%
*74%
%
***32
6%
6%
6%
6%
5%
5%
51*
5%
39%
39 U
%
9
■
"*2
2%
5%
5%
23%
%
2,000
76%
40
*22%
50
71
*74%
1
*%
"
*26
*63
76%
78
"*2"
*26
*65
71
39%
26
26
78
39
i"
67
%
3j,
6%
6%
6%
4,100
5%
5%
57g
41.400
40
78
~*2
*64
400
39%i40%
L__.
3,303
2%
2%
2%
""260
5%
5%
5%
5%
*22t 2
23%
*5%
*22%
5%
23%
1,200
23%
-
2%
1
*%
1
6% cum preferred
Manufacturing Co
103
4
2
Electric Auto-Lite (The)
5
Electric Boat-----———3
Elec & Mus Ind Am sharesElectric Power & Light. No par
$7 preferred
...No par
$9 preferred
...No par
Eatou
21% Feb 24
2% Jan 2
129% Feb 20
Jan 29
171
28% Feb 20
% Jan
Service
$5 preferred
No
$5% preferred
No
$6 preferred
—No
Equitable Office Bldg. JVo
{Erie RR common w l.No
Engineers Public
Ctfs of benef lnt w
1
par
par
par
31
20%
11% Feb
'
»15 Feb
28%
25t,i Feb 11
23
Jan
2
20
44%
Jan
5
29
Battery..-No par
El Paso Natural Gas.—
3
Endicott Johnson Corp
50
100
Jan
Jan
Elec Storage
5% preferred
4
2
25
16
2
14% Feb
Inc
Jan
107% Feb 16
Jan
10% July
117
Jan
164%
127
J in
Dec
118
May
7
Jan
176
Jan 13
31% Jan
160
100
.
2% Feb 17
64% Feb 15
69g Feb 17
76
Feb 2
par
ht Feb
par
6% Jan
3% Jan
32% Jan
100
3
Exchange Buffet Corp.i$2.50
Ex-Cell-O
Corp
—
Apr
27-
6
Jan 21
15
July
|9|8
Dec
j
J
5
10
"% Jan
7
1% .Jan
8
%
%
27t2
2312
26%
21%
,
Jan 23
32% Jan 23
3212 Jan 2 7
26% Feb 18
48 >3 Feb
4
109% Jan 15
jap
Dec
Feb
Feb
Dee
M
s
39% Feb
107% Nov
A
O
A
O
00 n
21
2
2
2
3% Jan
Oct
Jiir 30
73
Jan
69
DeC
74%
5
82% Jan23
% Jan 5
Dec
414
Dec
6
Jan 20
2%
Dec
Jan 27
30% Dec
Jan
4% Jan
21% Feb
2
6
18
2% Jan
Feb
1%
Dec
4
Dec
.10
..
Aug
7% Aug
42% Nov
75
Feb
i
7
Dei
3%
8%
30%
Jan
21%
7
5% Feb 24
25% Jan
:
Jan
Apr
83% July
89% July
% Jan
V %« Nor
7% Jan 20
44
75
"l%
7
80%
2t2 Defe
64% Dec
5
66
»u
Dei
%
Jan
•
•% Feb
6
25%
25%
*7%
+89%
7%
95
23%
10%
23%
10%
31%
25%
317g
31%
32%
32
32%
32%
32%
2,800
Fairbanks Morse & Co-No par
31
Feb 18
37% Jan 16
32
25%
24
24%
24
24%
Fajardo Sug Co of Pr Rico. .20
22% Jan 2
7% Jan 27
90
Jan 10
23% Jan 2 y
77g
95
23%
24ta
8%
4,400
*7%
*89%
*23%
16% June
6% Doc
23
10
For footnotes see page 900,
10
*7%
7%
7%
7%
*89%
23%
95
23%
*89%
23%
24%
*7%
*89%
23U
r23
*934
lOlo
*9%
10%
95
*9%
100
95
101a1
Federal Light & Traction—15
$6 preferred
"boo
200
No par
Federal Min & Smelt Co
2
Federal-Mogul Corp..
5
,
20% Jan
3]
Jan
51
9
8% Jan
93
5
Jan 31
24% Jan 16
10t2 Feb 10
Dee
45%
1st M (lnt
1 1947) due
Dlv ref 4s A
S'west Dlv
to Jan
Toledo Cin
at 3H %
1950
1959
Bangor A Aroostook
Con ref 48 —
"7
4s
1st 5s..
19%
73
40
I
33'
t
i'
104% 106 *1
100
50
57
62%.
05
A
O
64
63)4
.64%
52
59%
J
d
38)4
38%
39%
190
32%
39%;
J
d
44 H
13%
44)4
115
35%
44% i
65%
1
,38
m 8
107
32
182
31%
39
515
32%
41
38%
88%
,39
-39%
54%
49
47%
53%
61
40%
37
44
96%
2
95%
58
8
48
57
53
53%
46%
-52%.
47
j
41'
57%
j
J
39%
95%
J
stamped.—
—-
-1943 J
58
12
-
1951 J"
-1951 J
J
j
57
j
%9V- 54%
48
?'
53%
*120%
*102
Big Sandy 1st
deb8
195^
3H« ser b -—1959
3s ser G„
I960
3)4s ser H—. 196o
mtge *8——
series II
.....
series JJ-—
48 scries RR- ——-
lstg 4)48
1st mtge
♦Inc mtge
4)4sscr
j
f
f
A—-July
103%
104%
101 %
103%
101%
103%
»ioi%
102%
A
A
s
79
79
1955 m n
90
V,
a
I960 J
V"
o
L
J&n
Mar
♦
"74
J
a
105%
107%
A
955
I960
;
Consolidated 5s
Bush Term Bldgs
5s gu
Canadian Nat gold
Guaranteed gold
48...
a
0i'c,
14
11%
107%
86%
3
105%
101% 106
1
105
107%
-
5
86
104%
20
113%
10
6
5%
5%
o
59%
53
60
79
8°
70
80
107
106
108
80
:
■
82
106H
105%
100%
109
108%
109
108%
105%
108%
106%
104
104
1
103%
104%
5
110
110%
6
••
1946
5s equip trust ctfs———1944
Coll trust gold 5s
——1964
Coll trust 4)43-—-—
Collateral trust 4V4s
I960
^{♦Carolina Cent 1st guar 4s-1949
Carolina Clinch A Ohio 4s...-1965
Carriers A Gen Corp 5s w w—1950
Cart A Adir 1st gu gold 4s
1981
America 3s.. 1955
^
^
J
-
^
10354
j
1
s
I
26
04%
9
105%
86%
1
7
81%
88
80%
11
77
83%
6
47
55
I
D
j
85%
80%
55
85%
80%
J
M s
106 7A
106%
51%
MN
101
a
—
i
55
99
•
105%;
9
100
,
.
105% 107
6
53
98%
68%
94%
89%
5
106%
101%
',52%
—
63
103
102% ;
53
42%
1-
J
08%
d
a
o
a
o
j
j
"98% 100%,:
6
;
93%
97
7
24%
29%
11
29%
45%
10%
49% !
16%'j
:
"
.
49%
lb%
A%
>4%
i
48%
UH
.
......
49%
J.10%
4%
4%
*12
*111%
67
"ii% '17%
«T~
«*
65
112%
69%
21
18%
74
.294
59
15%
15%
15%
16%.
107%
.
3
,11
14%
15)4
3
-
15%
-
15%
*13%
107%
107
65
5
.,47%
*16%
3)48.-.-1966
I+Cent New Engl lst gu 4s....1961
t+Central of N J gen g 53-—.1987
5s registered..
—1987
♦General 4s
-—4—1987 J j
4s registered.-—---1987
Central N Y Power 3J4s_— iv. 1962 A O
25
-96%
20
'29%
D
j
C
96
d
JCentral of Georgia Ry—,V
.
F A
,*lst mtge 5s
—Nov 1945
MN
{♦Consol gold 58„7——..1945
For footnotes see page 901,
110%'
108%
64%
94%
j
A
'
107%
103% 105 %:
103% 105% '
63%
j
F
10)
108
105
105%
-
)
108%
104% 103% :
107% 103% >
04 %
j
F
•
84%
80%
104
64
j
M
Celotex Corp deb 4)4 s w w—1947
♦Cent Branch U P 1st g 4s.—1948 j
5)4sseriesB.-i—1959
C
1959
♦Chatt Dlv pur money g 4s..1951
♦Mobile Div 1st g 5s——1946
80%
106%
1951 M s
deb stk perpet
7
6%
80%
58
j
a
1966
deb 6)43—1946
41%
80
6%
81%
1969
•
A
36%
7
0%
1969
—
:
88
105
113% 113%.
108
40%
104%
-
108
85%
102
110% 110%.-
104
4)4s
.
107% 108 %
86%
88%
2
107
j
Guar gold 4)48————
Guaranteed gold 4)48--.-.. 1956
Celanese Corp of
35
5
28
*80
6M
O
1955
Can Pac Ry 4%
40
40),
Guaranteed gold 5s.------. 1970
Guar gold
-
226
81 A
104H
58.---July
Oct
7'.%
75 *
43%
5s A.—. 1962
1957
4)4s—
Guaranteed gold 5s
Canadian Northern
102%
113%
*110%
90
at
1957 afn
.1952
4s.
102%
d
tBurllngton Cedar Rap A Nor-a o
{♦1st A coll 5s
1934
♦Certificates of deposit..
Bush Terminal 1st
86
86
D
V
18
86%
M N
j
43 %
107%
1945 AfN
1950 j
22
74
79
71%
96
18
107 H
75
85%
75
•
72%
41 %
41 H
18
1970 MN
1955If
•
102% 102%
1
77%
1961
gold 5s
1957
1st lien A ref 5s series B
1981
Buffalo Gen Elec 4)48 B—.....
1967
Buff Nlag Elec 3)4s series CBuffalo Rochester A Pgh Ry—
(interest
105%
103% 105)4
100% 102%
102% 104%
90
M
97)4
104
......
Bklyn Un Gas 1st cons g os—.
1947i/!fN
1st lien A ref 6s series A
3% to 1946) due
96%
I*'*
19501f A
Stamped modified
"98% *99%
105%
W'
t*Boston & N Y Air L 1st 4s.1966'MN
Bklyn Edison cons M SYia...
Bklyn Union El 1st g 5s
Debenture
24
99
101 H
A
49
Y2% "si"!
107% 108%;
127% 129%.
07
105
105
0
J
1950 f
1st mtge 314s.
19o7
Maine 1st 5s A C——
1st M 5s
A
1944 ;d
Blaw Knox
Boston &
-----
83%
108)4
130%
1 s
98%
96%
om
1956
—-
Beth Steel 3)48 conv
Consol mtge
107%
107 A
—
08%
68%.
58%;
48
*80
—
debentures.
.
*42
1st gu Js. -1989
1951
Beech Creek ext 1st g 31$«—
1948
Bell Tele0 of Pa 5b series B..
I960
1st A ref 5s series C
1943
Belvidere Del cons 3)48-——
1950
Beneficial Indus Loan 2 K8—
Battle Cr A Stur
♦Ref A gen 5s series
May .100 " Jan
Dec
20% July14% Jan
8% Dec
90
*
53 %
♦Ref Agen
24'g Mar
13
98%
Vi
40 H
Central Illinois Light
32
61
'
66%
.
A
Jan
.1
32
42
83){
■
97
l:'l
■
1948
due.-..-—Feb 1 I960
Jan
-
1%i Jan 23
} 9
105
60)4
*
f-
Canada Sou cous gu
47% Sept
113
25%
104%
f
to
*Conv
California-Oregon Power
31% Aug
33
July
Dec
30%
3
33
Tool
•9754
Pgb L E A W Va System—
Ref g 4s extended to
1951 MN
Jan
357g Jan
177« 8ept
33% Jan
17% Jan
78 Aug
4% Jan
397g Nov
36% Nov
Dec
13% Jan
25
35)4
32 h
J
due.—2000
Jan
5%
145t2 Sept
18212 Jan
14i? Feb
17% Dee
23% Jan 27
35%
34
Ma>
17g Dec
120% May
■:!
L.No par
5% pref series A w i—..100
Co
50
Eureka Vacuum Cleaner
5
Evans Products Co
5
24
27% Jan 3
3% Jan 13
141
Erie & Pitts RR
78
*22%
*%
•
Eastern Rolllug
Edison Bros Stores
15
31
*74%
5%
*»!«
,
28%
*14
Eastern Airlines
1,400
1,600
*29
*66
*2
21%
11%
*171
Inc.—
1
Mills
5
Kodak (N J).No par
2.700
1%
31
1%
*63
22%
11%
21%
*29%
67%
*
21%
11%
*%
,
2Ha
3<
*27g
130% 131
30
*63
6%
21%
91S
1%
21%
*14%
11%
*»n
21%
3%
*27g
129% 130%
29
21%
29%
3%
*171
15
22%
♦14%
21%
3%
29
21%
;
21%
130% 131%
68%
36 '4
71
71
100
i
131
71)4
98
38 %
:
141% Jan
23% June
Dec
Feb 26
Feb
8
11}
rl
Jan
11% Nov
37% Oct
23% Jan
17% July
Maj
32%
36 7. Jan 12
Jan
10%
18%
Dec
65
,,
86
Apt
12% Maj
Feb 26
9
Aug
16-g Dec
Dec
27% Jan 19
38% Jan 12
gl8
Jan
6%
12%
Jan 28
94%
49
64%
j
F (lnt at 1%
Sept I 1946) due.— fl
Consol mtge
%e Sept
% Jan 27
Feb 13
10
63%
47
./
D (lnt at 1 %
1 1946)
Consol mtge
30% Aug
18% Jan
14
July
9%
10% Jan 28
4% Jan 27
102
98)4
80
j
11946) due-.-1995
Oct
28% Sept
11% Fib 20
80
65)4
97%
81 H
1948 J
Ohio RR—
gold 4s
Sept
11%
Apr
27
Feb 2 7
29
5% Sept
Feb
18%
76% Jan 2*2
Jan
70
Casting Co No par
Ltd.
No par
Dunhill International
3%
*8
9%
112
*3%
""[66
Jan
8% Jan 21
16% Jan 10
Co—2
Corp-Seagr's Ltd. No par
Distil
5% pref with warrants..100
Dixie-Vortex Co
No par
Class A
-1—
no par
*75%
Jan
21
6% Pf-100
—---20
preferred
22
7
12
10/% Feb 20
Feb 16
■■7
Hudson
100
Lack & Western. .50
6% partic
Jan
10
30
10
Preferred
Deisel-Wemmer-Gilbert
Jan
15%
preferred...---25
100
300
10ta
18%
18
3
Corp
15%
9%
4%
*3g
18%
18
D&vega Stores
101
66
M 8
1948 J
1st- B
14
81%
103)4
./
D
100% 109%
103%
102%
103%
04
j
m 8
2 3aa
10% 10%
*107% 108%
12
*18
*3S
403
31
*15%
15%
11
*107% 109% *107% 109% *107% 108'
7%
7%
7%
7%
7%
7%
22%
23
22
22%
22%
22%
27%
27%
*28
28%
28% 28%
934
9
*3
*27g
i
*100
/)
J
—
D
*3
102%
Jan
Dec
42% Feb
104)4
111
110%
J
89)4
Ref & gen ser
Jan
,
.
111
D
to Sept
Jan
24
27
90
87%
90
"v
101% 102%:
101% 102)4!
97%
97%
103% 105
•
t>
Ref & gen scr
Dec
•
Doc
7
17% Jan 14
Sent
127%
16%
Dec
88%
88)4
j
registered————--tvlo
•
8% Sept
99
-v Dec
89%
J
Oct
25
6%
106)4
88)4
j
to Dec
Jan;
Dec
16
106% 109%
88 %
93
r
100)4
1955
A (lnt at 1% to
Dec 1 1946) due
1»95
Ret & gen ser C (lnt at 11-5%
98'2 Jan
13% Nov
Dec
■
107%
101%. 105%
105%
Ref & gen ser
Jant
Dec
Dec
101
4s of 1910----.—1960
tic & Dan
4h
Jan,
%
13%
% Jan 13
105)4
0
Gharl A L
1st mtge
Jan
12%
7
100
104%
*101 %
Stamped ipoilifteil bonds
1st mtge g (lnt at 4% to
Oct 1 1940) due
July
July'
98
13% Jan 14
15% Jan 7
98
Feb
40%i
67
62%
100
104%
Nov
Baltimore <t
/•' Jan:
4714
Feb
V 72 /• Feb
i
104%
J)
4s"—w——
1959
Atl Gulf k W I S3 coll tr 5s.
1953
Atlantic Refining deb 3s--—
'
9
103% 105
B
-
94
Dec
v
73% Dec
199?
1st 30-year
Jan^
27%
45%
.15%
v
—
Second mortgage
Jan;
9
10
3
79% Jan
Jan 26
11% Feb20
14
Jan 2
%
-19
38%
8
^
1st g 5s.-—
1944
1st 4^s A—.
1944
5sseries U—-—
1952
Atl 1 tic Coast 1st cons 4s July
1964
General unified 4
A.—--.
Atl
19% Jan?
107
Jan
15
.
Feb *7
90
Jan
Jan
10% Doc
11% Jan 20
83% Jan 15
83
-5
478
Dec
19% Fabi'5
108)4
107% 109%
--i105%
J
Deo
182%
-4%
106.%
60
*98)4
MN
A
Jan
X54
Doc
3
*65
165% 108%
15
Topcka& Santa Fe—
Cal-Ariz 1st & ref
Atla
Jan
52%
Apr
88
Feb.
'34
34 M
10-year coil tr 5s
May 1 1952
MN
L & N coll gold 4s——Oct
Jan1
Mar
11
7
1
Rocky Mtn Dlv 1st 4s—T—1965
./
Trans-Con Short L 1st 48... 1958
Jan
2% Dec
%rDec
6
134
Cushman'8 Sons Inc
2,303
v-
,34%
106)4
1945 /if N
27% Nov
,
Doe
170
% Feb 11
Jan
Sept!
4'g
.
Teb
95% Jan 5
14% Jan 12
14
34%
Atl Knox & Nor
,
56% Sept i
5
2
-.-.-No par
preferred---—-No par
Class
24
10
Jan
74 % Jan
Preferred
Prior
Dec
42%
9
Jau 24
3% Jan
23
10% Jan 5
;
7% Jan 7
Jan 16
120
76
4%% preferred
-.-100
CurtU Pnb Co (The).--No par
2478
16%
80
301*
-—30
Co
300
*
7%
16%
10% Jan 10
preferred—-.100
14'g
12
24%
167g
Preferred
95
7%
1078
'
514% conv
V
100
103
Sugar.-.100
---<—100
Cuban-American
1,100
25%
7%
25
25
14%
9i«
♦1438
14%
11%
20
84lg
2
12% Jan> 2
Amer.No par
5% canv preferred
Cuba RR 6% preferred
55% Jan
174
8
6% Jan 12
16% Jan 2
/3 <% Feb 26
(The)
Crucible Steel of
300
132
7V
1351
14%
25
14%
;77g
7%
■
901a
12
♦la
*1312
*16%
31%
32
Jan
90% Jan 23
No par
Crown Cork & Seal
No par
$2.25 conv prer w w..No par
Crown Zellerbach Corp
5
$5 conv preferred
N > par
2,200
78
Birthday
%« Jan
13
pref—100
Corp (The).2
Cream of Wheat
400
32:i8
32
8
108 %<
Conv gold
23%
18%
•
—
Crosley Corp
78:i8
3112
Jan
2% Fib 16
5% conv
Crane Co
600
*77%
51% Fib 10
164
—
Crane Co.-
110
39
*36
100
3,200
6%
17%
18
Preferred:.-
108
105
Conv 4s of 1905
45% Sept
28% Dec
Coty Inc.—--.-—-J
Coty Internat Corp. —-----I
105
3
1909.—.—1955
10
.
.
48
Trust
1
106)4
4s of
15% Apr
9% Dee
3
33% Jan 26
1,900
*92ta
2%
17%
Jan 16
19% Jan
7- 2
105
106)4
Conv gold
40ig, Jan :
,
Feb
29% Fib 27
53
Corn Products
7
104
105
Stamped 4s—-
Jan
5%
Feb
3% Jan 16
24
Jan 21
18
Jan
Co..20
Refilling—-2o
^173
50
3% Feb 16
Jan 2
20%
6%
35%
8% Jan 15
42
104
.1975 M n
44
16% July
Dec
12% Jan 5
51% Jan 30
53
100
Feb 18
21%
27% Jan 20
104
Adjustment gold 4s
July
109% Nov
Jan
Z10% F;b 26
49
Jan .6
Corn Exch B ink
18
11
""*800
100
*171a
ton's
4,500
173
92
67g
*65g
Continental 1 wuraace—
-8,100
3%
*t%2*-t' %
2
37%
510
13%
92
14
14
13%
900
*27g
7% Jan
-$2.50
Continental M itors—
I
Continental Oil of Del
--5
Continental Steel Cirp.No par
1,300
30
20%
2
23%
Copperweld Steel Co
-5
Conv pref 5% series .----50
*48%
*u,„
<93%
38%
3%
Jan
Continental Can Inc.------20
Continental Diamond Ftbre.5
2,403
21%
18%
10<2
50
iota
3%
13%
93%
13%
93%
.
*173g
297g
*lS3»
678
1734
50
25%
8%
38%
3%
X21»8
3:
21%
19%
10%
49%
30
1334
*93
8
Zl0%
172% 172%
27g
1334
Exchange
8
38
30
53%
278
25%
*49
50
*172% 174
Stock
25%
1078
1074
30%
30%
53%
3%
21%
*177g
3%
10%
*17%
11
11
OU
8
37%
21%
21
19%
*18%
25%
3%
21
20%
191a
8
38
25%
38
3%
3%
21
8
38%
38
38
25%
8
22534
j
deb-
6s ser A.
General 48
■
25ft8
.1950 J
Atchison
Jan
7% July
30
July:
106% Jan
Dec
79
Jan 2I<
119
9% Nov»
Dee
7
108
6% May
.
Dec
:
Jan
3%
Dec
Jan 15
Fib
107 U
.
Jan
U
% ■ Feb
2% Feb
-
10514-105)4
106)4
106 54
108
106)4
♦Anglo-Chilean Nitrate deb..
191(5 () ./
lAun Arbor 1st g 4h
Ark <fc Mem Br & Term 5s... .1964 W S
Armour A Co (Del) 4s B____. .1955 F a
J
J
1st 8 f 48 ser C (Del).-..— .1957
Jan'
1% July.
Dec
Dec
5
8% Jan 13
5% Fib 6
106%
S
\yat Wks & Elec
'23%
107%
Dee
1%
-
6'g Jan 29
•
•.
101%
97% 101
0
Type Founders conv
Jan
Dee
7
8
101
8% July
Doe
%
2"g Jan 33
6U
>
z82
7
101 %
103%
d
Am
103
11% Dee
4
°i» Jan
7% Jan
•
May
101
.1956 M
Anaconda Cod Min deb 41^8. .1950 A 0
.1967 Jan
Dec
4% Dec
66%
102)4
100
103%,
103
10554108—:
59%
OVA '
.1966
Am
23%
65
66)4
103%
100
.1961
Jan
15%
97%
,
Dec
90
Jan 16
9n Jan
Dec
7% Jan 14
Feb 17
1'2% Jan
85
4
6
Teieg—
0 Jan
30%
...I
103
103)4
107)4-^-108-
107)4
3s conv deb
Jan
'18% Aug?
Dee
9%
77
3
'3i«
Dee
18%
...
Feb 24
97% Feb
Feb 10
6
Co.isolLvj'idries C >rp
»
Co isoltdat-'d Oil Corp.No par
Consol R Rot Cuba 6%
Consolidation Coal Co
2«.
51a
5%
16t» Feb 10
83
Consol Coppermlnes
100
*9l«
Inc—No par
hi/h
3 yi s debentures..—
3 ^s debentures
11% July
65% July
Corp.-.5
Consol E lison of N Y..No par
$5 preferred
No par
Consol Film Industries
1
$2 partiopreferred...No par
3,203
121a
American Telep k
7% Dec
% Dee
No our
7% preferred----199
6%% prior preferred--.100
60
6%
Jan'
110
Am Internat
39% Dec
.
Pow deb 5s.,*.
5Ks... .1949 m N
Corp conv 534 s. .1949 j J
Am k Foreign
Ainer I G Criem conv
8
9% Jan 10
1
*
No. Low
High
*99H ■7--103)4
.2030 m s
Oct
6
%» Jan
Consolidated Cigar
6%
100 W: Dae
Low
Allegh Val gen guar g 4s.— .1942 m S
Allied Stores Corp 4J^s debs. .1951 F A
Allis-Cbaliners Mfg conv 4s.. .1952 M S
Jari:
37%
Commonwealth E lison Co.25
43
6%
Mar
104%
u32 Jan
9,000
93
9234
6%
31
Det
19% Dec!
102% Feb 25
Oct
28%' Aug.-
44% Jan
2,103
9,3
92 %
7%
Dec
96
5
5
July
83
2
Conde Nast Pub
95
95
16%
Feb 26
25
Since
Jan.
share
per
Dec
4'4 May
21% Apr
Feb
103
2
Jan 21
64
38% Feb 27
Cong >leum Nairn Inc.No pur
Consul Aircraft Corp
---1
89
18 g Feb
2
Jan 16
20% Jan
> 8% Feb 17
100
88
Jan 29
series..-No par
$6 preferred
600
17%. 18%
11% H%
*92'a
*918
Commoow'lth & Son..No par
Commercial S lventS-.No par
8,200
17%
*88
6%
12,303
15%
90
00
Jan
102
$4.25 conv pf ser '35.No par
20%
2%
x\5
11%
*88 V
8
6% Jan 27
26% Jari 26
1612 Jan
4%% convpreferred.---100
Comtn'l Invest Trust-.No par
700
107g
10%
89
72
94
103
5,600
: ;:.100
2,500
39
17%,
10)1
89
6-i8
2,800
7
2
24
co iv
20%
*2%
20%
2%
15%
10%
preferred.No par
Commercial Credit
10
$2.75
$ per share $
$ per share'
66«2 Jan
5% Jan
No par
38%
15%.
*2%
90
6%
18%
*98%100%
23% 23%
39
*S7t2
10^8
26%
Columbia Pictures
$ per share
Columbian Carbon Co .No par
200
70%
*25%
18%
23%
39
-
400
*5%
*101% 110
102% 102% +102% 110
8%
8%
8%
8%8%
8%
%
6ie
391.1
15M
23%
23%
rar
Shires
300
70%
6
26%
177g
100
100
100
23
'103
39%
39U
*5'g
*25%
17%
17%
17%
*99
23%
l16
*381a
*25%
$ per share
70
70
70%
6
26%
70%
57g
100
*102
$ ver share
s per share
70%
5%
26%
18
Range
or
Asked
Highest
Railroad & Indus. Cos. {Con.)
$ per share
&
■;i3
5
4%
17
14
;
.
1
111% 112%
62% 70%
13%
18-%:
14-
16
12%
16%.
13%
107-
107% ;
14
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE -j
Number 4051
155;
NEW YORK BOND RECORD
BONDS
N. Y. STOCK
SI
EXCHANGE
Week Ended Feb. 27
Last
Range or
Friday's
Sale
Price
NEW YORK STOCK RECORD
Week's
Friday
:
Rid
V
Range
c?
05
Through Short L 1st gu 4s.1954 A O
Guaranteed g 5s
1960 F A
Central RR & Bauk'g of Ga 5s. 1942 M N
Certain-teed Prod 5%s A.-.1948 M S
IjOW
77 %
70
High
,
70
;
56%
80
80.
_
No.
77ft
70
76ft
...
Ill
3
56ft
118
80
—2
,85ft
4
84 %
84 ft
10434
104ft
104ft
3
102 ft
102 ft
14
Low
M
S
-77 ft
-
M
S
120ft
1996 M N
102 ft
1092
Feb. 23
Feb. 24
$ per share
$ per share
68
v
.70
ft
$ per share
3h
57 ft
Ref & lmpt M 3%s ser E...1996 F
Potts Creek Br 1st 4s
1940
R & A Div 1st con g 4s.....1989
126ft
102ft
127
103
A
103
17
15
*80ft.
7 1034
3%s registered
Illinois Division 4s
17
17ft
Dlv 3%o.l949
949
88
86ft
126
378
General 4s
♦83
1958 M S
85
71084
loft
37ft
377„
37ft
3784
37ft
3734
*8
15
*8
15
*8ft
15
92ft
U
91
'
95ft
17ft
*94ft
♦16ft
978
94ft
16ft
21ft
*21
21ft
31
30»
32 ft
189
25
*28
65 ft
44ft
44 ft
*122ft
45
41
f
./
*33 ft
35 ft
r
j
33.
33 ft
1
j
83 ft
61ft
92
36
34
"24
7ft
8ft
8ft
6
68 ft
69 ft
6
7ft
61ft
Tft
*934
;
'
47
43
"47 ft
47
1989
47
46
fg
ft
148
44 ft
ft
<: *3ft
10ft
10
*678
79
37 ft
36ft
48
♦Conv
5s series A..
ndj 5s....(..Jan
1975
1
F
A
13
38 ft
147
38 ft
48
115
38 ft
48
2000 A O
13ft 1038
2ft 226
2ft
4ft
8ft
lft
'
103
457«
45ft
*278
2ft
♦General 4s
.....1987
....1987
...
4s registered
.
M N
13ft
2ft
*784
: 8ft
32 ft
♦1st A ref 4 fts C-May 1 2037 J D
♦Conv 4 %8 series A
....1949 MN
32ft
153
20 ft
32 ft
*30 ft
M N
♦Stpd 4s n p Fed lnc tax.1987 M N
♦C«en 4*48 stpd Fed inc tax 1987 MN
♦Gen 5s stpd Fed lnc tax.. 1987 M N
*4 Mr stamped
.....1987 M N
|♦Secured 6%R
1936 M N
♦1st A ref g5t
May 1 2037 J D
♦1st A ref 4 fts stpd May 1 2037 J D
10
32 ft
22
33 ft
117
22 ft
33ft
*123ft 12378
25
31ft
27ft
32ft,
33
23
33
33 ft
179
22 ft
33 ft
34 ft
339
23
82
22
173
26
33
33
34 ft
33 ft
33
33
40 ft
39 ft
41
ft
21ft
23 ft
244
21
22 ft
387
21ft
22 ft
107
13ft
14ft
lft
2
lft
202
lft
*82
88
82
!
130ft 130ft
33ft
34
23ft
22 ft
Exchange
*3534
37
17ft
91 ft
2
part pd..l927 F A
47
47
4s
4s..1988 J
-.1988 J
gen
registered
J
25
J
22 ft
12
18ft
19ft
21ft
25
18
18ft
ft
21ft
20
13ft
13
13ft
675
9ft
14ft
13ft
14ft
224
10 ft
2ft
2ft
2ft
128
lft
2ft
21
Memplils Dlv 1st g 4s
80
80
*
...1951 J D
1951 J i>
—.
1963
1963
J
53 ft
47
64
52 ft
50
107ft
100ft
106ft
100ft
J
J
96
95
28
98
97 ft
1st A ref M 4%b series
D..1962 M
S
97 ft
97
O
43 ft
43.
5s.1962 AfN
22 ft
21ft
1943 A
con
*85
:
ton'#
3%s-1966 J? A
24
96)4
lo
36
17
111ft
---
Cln U11 Term 1st gu 3 fts D..1971 MS
108ft
108ft
♦111ft
*96 ft
E—..-..1969
1943
F
A
J
J
....1993 J D
General g 4s
1993
J
J
J
15
•
*
A
-
-
<«.
72
J
Ref A lmpt His
St L Dlv
"62
5
J
5
-
105^
104^
..—
Series C 3 fts guar....
Series D 3fts Ruar—
1981 J
.17
*89 ft
J
44
108
108
1334
77
71
33
75%
66%
66 ft
21
58%
82 ft
65ft
D
A
98 ft
"96
ft
Columbus A H. V 1st ext g 4s. 1948 A O
Columbus A Sou Ohio El 3fts 1970 M S
1st ext 4s..1955 F
103
85 ft
21ft
97 ft
99ft
23 ft
•
8
3ft
44ft
47„
*62
1378
14ft
I334
-
2ft
87
14ft
*42
44
♦ft
*2ft
•
,
7ft
*4 ft
2i8
*75ft
*878
*88
*1934 20ft
123ft 123ft
32 ft
lft
109 ft
109ft
81%
98ft -128
15
100ft
95
13
13ft Jan
3
16 's Feb
7
12ft
Dec
9
91
Feb
7
90
Dec
35ft Jan
2
2
39ft Feb
10'4 Feb
3
3178 May
8ft Dec
$4.50 preferred
Florence Stove Co..
94ft ,Feb 20
16ft Feb 25
9>4 Jan
..No par
No par
Florshelm Shoe class A.No par
Follansbee Steel Corp
10
conv
5
96ft Jan 15
20
98
Jan
Jan
42ft
Jan
16ft July
103
Nov
16'2 Dec
21ft Feb
5
5's Jan 13
337s
Jan
17 ft
6
Jan
Dec
Nov
18ft
105
25ft
Apr
Dec
Dec
7
Jan
30
Feb 10
33
Jan 13
21
June
35
Dec
TO.
Machinery Corp
Foster-Wheeler
$7
Feb 27
21
]
Sept
100
5% conv preferred
Food
30
Feb 13
32ft Jan 5
1278 Jan 26
24
May
32ft Sopt
20ft Jan
131ft Feb 21
IO4 Feb 7
105
378 Feb 18
2
lO-ft Jan
10
preferred...No par
Jan 21
116
Francisco Sugar Co
No par
F'k'n SiinonACoino
7% pf.100
Freeport Sulphur Co
10
Fruehauf Trailer Co
1
8
89
2
Jan
3's
9's
Dec
Feb
132
Jan
Feb
9
Dec
May
46
Jan
2 >s
36
80
2»4
5ft
108
*105
6i«
12
ft
112
♦
2
5
3
Corp
7% preferred..
100
7ft
28,100
300
800
20
700
*ft«
J
;
"MOO
12
1,400
*104ft 106
10
100
General Motors Corp..
10
$5 preferred
No par
Gen Outdoor Adv A
No
14ft
6
8 >8
Dec
47ft
Jan
5ft Jan 15
4
101
June
Jan
46ft Feb 16
39 is
Jan 20
3 ft Jan 15
6
16
122
Jan 16
118
9
Jan
32
26'
Feb
I
2
Jan
84
Feb 17
80
Feb 27
Jan
30
5
Jan
129
2
19ft
127
5
Jan 20
lft Jan 15
102
Jan
9
40ft Jan
3
Jan
105ft May
108
3
5
h Jan
100
105
Feb
24
1158
15ft
600
200
12ft
105
Feb
Feb 24
10
45
45
5ft
*478
5
63ft
63
*60
6% preferred
100
500
900
Gimbel Brothers
...No par
100
$6 preferred
...No par
1,400
27
Jan
*13ft
14
14
14
600
41ft
42
*40
44
300
10
5
»» Nov I
Dec1
19
98ft June
ft Nov
16ft Apr
14
Feb
Dec
8ft
Deo
29ft Jan
lift Jan
80ft Sept
Dec
16ft
13
Dec
22
June
102
Mar
112
Dec
Oft
6ft
12ft Jan
48ft
57g
65ft
14ft
50
37ft Jan
44
1
ifti Jan
Jan 10
25
1278 Jan 10
16ft Jan 16
110
Feb 24
2 ft
4ft Feb 19
ft Jan
16ft Jan
106ft Jan
ft July
Jan
87g Feb 14
44ft Feb 18
Jan
7ft Jan
110ft Nov
Dec
3ft Jan 15
60
Jan
16
2
Jan
4ft
Jan
Aug
Mar
46ft
Jan
7ft Jan 12
3
'
Dec
48
5
No par
Glldden Co (The)
Jan 26
19ft Jan
14ft Jan
108ft Jan
General Tire A Rubber Co...5
Gillette Safety Razor..No par
$5 conv preferred
No par
600
33s
7i« Jan 20
Feb
Gen Time Instru Corp.No
par
8ft
48ft
127ft
Jan 14
Jan 16
Jau
lift
112
Sopt
Deo
79ft Jan 19
/ft
Nov
91
132ft
Deo
20
3ft
45
104
42ft Sopt
Doc
28ft
16ft Jan 23
1078 Feb 24
♦
Jau
38
12lft
70ft Jan
*110
117ft Aug
lft Nov
3
200
33s
Feb
Jan
Jan
ft
6
15ft Feb
878 Jan
8
33ft
112ft
125
General Refractories...No par
General Shoe Corp....
1
Gen Steel Cast $6 pref..No
par
*15
Jau
Jan
3i* Jan
Oct
Apr
47g Dec
II
Jan
35ft
6
105
Jan
Sopt
130ft
5ft Jan 31
par
6ft
1578
Deo
Jan
30
Mar
Dec
34ft Feb 24
120
Feb 26
General Telephone Corp
20
Gen Theatre Eq
Corp. .No par
15ft
Jan
July
5
Dec
3's Jan
lift
Jan
7ft
22
7
lift
14ft
55
97
78ft July
131ft Feb 10
Gen Realty A Utilities
1
$6 pret opt dlv series.No par
520
Oct
Sept
144
Feb
9
300
Mar
24ft
110
83
Dec
6ft Doc
5
28ft Jan
123ft Jan 28
20
Jan
2
73 ft
200
2634
Dec
2ft Dec
3
"i'.ooo
•
..
5ft
104
Dec
115
1778
*ft«
♦
Dec
3ft
4ft Jan 16
119
5'8 Jan
ATo
8
12ft July
637s May
Apr
5
104
2ft Feb
Gen Railway Signal
6% preferred
5ft Mar
Apr
lOft Feb 20
52ft Jan 22
17ft
*24
984
■V
5
2ft Sopt
Deo
...No par
Common
17
5
2ft
General Printing Ink
1
$6 preferred
No par
Gen Public Service....No
par
75
63ft
5
27ft Dec
3
Sept
17
*44ft
Sept
3 ft Jan
7
Feb
2
17ft Jan
par
74ft
5
23
*978
ft
112
Nov
Dec
15
Jan 28
Oft Jan 14
90ft Feb 4
3
Feb 19
$6 conv pref series A. No par
General Mills
...No par
5% preferred.
12
Feb 10
2ft Jan
88
80
500
17ft
7'ft
3ft
Feb 10
"1,266
234
28
*110
2
Jan
11278 Feb 25
100
Apr
'
General Cable Corp. ..No par
Class A
No par
7% cum preferred
100
General Cigar Inc
No par
17
8
65
2
3ft Jan
112
10
75ft
3ft
45
110
41ft Jan
No par
17
17ft
lift
15ft
400
90
12
61«
:
*24
100
5ft
5ft
*105
108
12
*104ft 106
28
1,300
2
General Foods Corp
No par
$4.50 preferredNo par
Gen Gas A Electric A ..No
par
♦2ft
4ie
*1184
1,400
103ft Feb
Gen Amer
Transportation...5
General Baking
5
$8 preferred
General Bronze
Feb 17
4
No par
No par
Apr
7ft
Jan 20
51
50
lft
3
21
2
2ft June
3
Feb 18
6ft Jan 23
9ft Jan 26
Feb 13
5
conv preferred
lft Dec
Aug
2
Jan
Jan
July
23ft Juiy
99
2ft Feb
11
80
.,
20
234
5ft
Gaylord Container Corp
3
Dec
Dec
2ft Jan
Feb 11
4,900
lft
130
20ft
900
par
6
Jan
Jan 20
Jan
41
18
93ft
3
Gar Wood Industries
Inc.»..l
5% preferred
10
Gen Amer Investors
$6 preferred
2,500
20
32ft May
3
19
94ft Jan 28
lft
lft
Oft
18ft
(Robert).......1
6% preferred
Gamewell Co (The)....No
38ft Jan
16'4 Feb 20
91ft Feb 24
Gabriel Co (The) cl A..No
par
Galr Co Ino
Feb 10
35
100
7,800
32ft
33ft 34
33ft
34ft
125ft 125ft *12534 126
20
couv preferred
2478 Feb 25
114
*84-
81ft
130ft
5%
ft
*2 ft
*7i»
2ft
2ft
85
*80
60ft
*59ft
1234
1234
127s
*68
C978
*68ft
6978
68ft
2
.*178
♦63
2
64
2
64
*62ft
64
"n
2ft
1,300
17S
*63
14ft
60's
13
68ft
500
lft
iMVo oonvpreferred
Gobel (Adolf)...
Goebel Brewing Co
2
1
Jan
3
2
Gold A Stock Telegraph Co 100
Goodrich Co (B FM.-No par
79ft Jan 28
"2"6OO
13
Jan
2
56
Jan
8
T,500
5% preferred
;._No
Goodyear Tire A Rubb.No
10ft Jan
2
85
*80
*59ft
2
♦62ft
64ft
"2i)H
87
71«
*59ft
1234
12ft. 1278
*178
v!
14ft
60ft
r 69 :;>• 69
68ft
2
44
400
200
Preferred
64
par
par
$5 conv preferred.;...No par
Gotham Silk Hose..I..No
;
•
ft
4ft
-'I
4ft
6ft:
*4ft
4ft
27ft
*27
25
*24
6's
6ft
7ft
27ft
25
-
6ft
7ft
6's
*7
"7ft
27
27
*24
25
:i
ft
4ft
6ft
7ft
27ft
4ft
•
ISjj
ft
*41,
4ft
6ft
7ft
28
2,700
4ft
600
100
|
60's Jan 2
lft Jan 20
i
par
258
Jan
5
Jan 20
24
Aug
Jan
Dec
14ft July
May
34ft May
4ft Sept
54
Dec
Dec
Oft Sept
Jan 27
60
Feb
Jan 29
4
11
Dec
74ft Oct
1778 Sept
35
Dec
46
4ft
Jan
7
Feb
nu Jan 30
2ft Jan 29
Feb 13
•u
2
Dec
Dec
Jau
2ft Jan
2ft Sept
82
80
Dec
91
15ft Jau 14
60ft Jan 20
13ft Feb
lift
Apr
54
Dec
217g Nov
74ft Oct
20ft Sept
697g Feb
59
Dec
2ft Jail
1
June
3ft July
25
June
68ft Nov
ft Dec
lft Jan
6ft Jan
13ft Jau
12ft Jan
36'2 Jan
25ft Jan
18ft Nov
28ft July
67
Jan
1
Feb
Dec
10
90
Jan
Jan
VV-
Graham-Paige Motors......1
Granby Consol MSA P
.5
Grand Union
w
1,100
♦7ft
7ft
28ft
400
Granite City Steel
*27ft
600
Grant (W T) Co
*24
' 25~
6ft
25
16
16
16ft
16's
16'«
16ft
16ft
16ft
16ft
"2"206
24ft
25ft
25
25ft
24ft
253«
25
2558
12,200
2634
900
Great Western Sugar..No par
Preferred...
...100
Dec
Dec
8ft Jan 14
5
31
Jan 13
28
Deo
2
2
2
25
Feb
3
23
Mat-
25ft Jan
Great Northern pref...No par
2678
141ft
Dec
3ft
67g
Feb 20
2
6ft Jan
27
10
24ft
2
5ft Jan 9
7ft Jan 12
15ft Jan
21ft Jan
No par
; 5% preferred....^.....-20
Gr Nor Iron Ore Prop..No par
*24
ft Jan 2
2
6ft Feb 24
4ft Jan
:
dlv ctfs.No par
*6ft
loo" ""*5
109 ft
109 ft
109... 109 ft
16
12ft
*llft
117„
lift
*llft
3ft
*3
67'ft
3ft
*65
27ft
27ft
32ft
*25ft
*9ft
9r>8
*10ft 11
*103ft 104
*100- 101ft
♦9I2
*10ft
,
23ft Jan
2
10ft Jan 5
25-s Feb27
12ft
Dec
18ft
Dec
9
106
107%
24%
-
108% 116
107% 109%
-
-
109
ft
108%
.2
*32
15ft
144ft
*138
169"'
103
104ft
104 ft
105
5
104% 106%
104% 106
107
107 ft
6
107
..1955
1956
'..I960
104ft
5
103
105%
104
4
30
23%
26
30
30%
23%
30%
28 ft
30 ft
8
30
30 ft
19
84
85 ft
7
80
-
f 86%
107ft
108
4
:
no"
109 ft
1st mtge 3ft8.............1966 MN
106 ft
106ft
109
110 ft
106ft
.1st mtge 3ft8
........1969 MN
Crane Co 2fts s f debs
1950 A O
Crucible Steel 3fts s f debs..1955 J D
108 ft
108
108ft
10
100ft
92 ft
13
*108 ft
99ft
*91 ft
*3
68
65
3ft
65
27ft
3234
9:
11
*103ft 104
*103ft
♦lift
12
*3
*64
3ft
*25ft
3234
934
+10i8
*47ft
*29ft
lift
27ft
27ft
*32.
.
*100
3 ft
26«4
2684
141
140
140
60
*47ft
30ft
12
lift
*29ft
30ft
12
lift
12ft
90
Green Bay A West RR
60
lift
lift
12
12ft
3ft
68
66
3ft
3ft
3ft
*27ft
27ft "28
4,200
281.1
28
Green (H L) Co
Inc
_.l
Greyhound Corp (The) .No par
5M% conv preferred
700
Grumman Aircraft Corp
5,600
2,400
Jan
8% preferred
.10
1
28
48ft Jan
2ft Jan
2
2
2
20ft Jan
2
2ft Jan
100
Gulf Mobile A Ohio RR No par
$5 preferred
ft" Jan
lift Jan 21
10ft Jan 14
11
Feb 10
Guantanamo Sugar...-No par
70
2
28ft Jan 27
Jan 14
143
1978
Jan
No par
135
Dec
42
139
100
300
3ft
*3
66
"""566
3234
10134 *100
*25ft
27ft
*25ft
*32
32ft
*32
3234
Mar
"33*13 "Jan "3
29ft May
4
lift Feb 6
14ft Jan 6
378 Jan 29
9ft May
1078 June
12ft Feb
7:1
4
Jan 30
Jan
24
29ft Jan 24
♦
934
11
104
10134
9ft
*9ft
9ft
10ft
*103ft 104
100
100
20
200
934
*9ft
104
"""io
101
20
15ft *15ft 15ft
15ft 15ft
15ft
15ft
144ft *138
144ft •*„'
144ft *;....i44ft
378
3ft
*334
3ft
3ft
♦3ft
3ft
84
*76 7 84
*76
84
*76
*76
84
*3«s
24
Jan 29
25
Feb 11
32
Jan
3
33
Jan
5
9
Jan
3
6
Jan
2
10ft Jan
10ft Feb
6
7
Jan 17
Hall Printing
Hamilton Watch Co ...No par
1034
104
*100
15ft
25
7% preferred class A
25
Co
....10
Hackensack Water
27ft
1,100
*138
-100
(M A) Co $5 pf.No par
6% preferred
Hanna
i
Hat Corp of Amer class
A...1
—100
6M% preferred
9
104
Feb 27
106 ft Feb
100
Feb 26
104
14ft Jan
Harbison-Walk Refrac. No par
6% preferred--.-—.—-100
'""166
;
62
63
*125ft 130
-
*3014
34
*83
86
*12ft
lift
*16ft
M
«
27
21
107
109
108%
109%
108% 110%
106
107%
107% 109%
99% 101%
89
94%
*15ft
114
114
36ft
33
33
9ft
*397g
*100
g
v
32ft
- 9ft
41
.102
*lft
!
*80
6ft
:
*56ft
*155
*12
lft
85
6ft
61ft
158
!
ift
83
) 6ft
*56
*155
lft
*138
83
6ft
61ft
158
*81 ft
6
lft
85
56
6
56
*155
*12ft
13ft
♦lOft
1158
17ft
*683' 73)1
16ft. 16ft
; *17
*113
f.
.
*12-'
3534
33ft
9ft
33
: 9ft
41
*3978
102
.*99
*3
33ft
32
3ft
'
For footnotes see page 900.
32
13ft
lift
.I7I4
*12ft
*10ft
♦17's
6ft
6ft
*6ft
16>i
16ft
*12ft
*10ft
13ft
lift
*12ft
*17
1712
*17
*6ft
16ft
7ft
16ft
*10ft
*113
*113
35ft
3 '
1234
35ft
35ft
35ft
33
33ft
*9's
33ft
9ft
*3978
*99
2ft
32
,9ft
41
102
*3978
*99
*16
111ft
35ft
33
9ft
40 ft
300
Hayes Mfg Corp...
Hazel-Atlas Glass Co
600
Hecker Products
700
158
■
12ft' 1234
12ft *12ft
1234
62
62
62ft 62ft
62ft
6214
61ft
62
*125ft 130
*!25ft 130
*125ft 130
*125ft 130
32
32
*30ft 34
*30ft
32
*30ft
*30ft
83
82
83
*80
82
83ft
*83ft 84l2
7ft
16
36
158
*155
13ft
lift
17ft
lft
85
6ft ' 6ft
*56
61ft
61
158
12 7 12
1®8
*80
6ft
*155
,
•
86':
*6ft"
Consumers Power Co—
108
lift
12ft
3ft
3ft
Viii
*138
85
108
104 ft
29 ft
lift. 12
ll's Hft
12ft 12ft
27ft
84
-'
*5638
35
26
29 ft
29ft
12
3ft
3ft
2738- 27ft
..378
*358
109% 109%
105
{♦Consol Ry non-conv deb 4s 1954
30ft
2978
26ft
1,41
28
Juiy
144ft Aug
54
Deo
36ft Sept
1434 Sept
lift Apr
10ft
Dec
lft
13
Feb
18ft Sept
3ft July
Jan
55
Dec
lft
Feb
4ft
Aug
9
Feb
23 ft
Dec
2
16ft Jan 19
143ft Feb 18
3ft Feb 20
146
Jan 29
87
80
Jan 10
4ft Feb
2
Jan 21
33
Jan
Feb
38
Mar
8ft
Dec
1638
87g
102
Doe
Dec
100
Dec
23ft Dec
33
Jan
15
Jau
108
July
Jan
12ft Dec
106®4
25ft
Jan
49ft
Feb
3ft Dec
6ft
140
Dec
92
101
Jau
Jan
Feb
-
103 ft
104 ft
55
H
28%
103
Consol Oil conv deb 3fts__...1951
2678
141ft
'
*109
103 ft
26ft
*47 ft
55
94% 101%
*80
3fts debentures.1946
3fts debentures....1948
3 fts debentures....
1956
3 fts debentures—
—1958
;
141ft *141
lift
30ft
,
102
119
38
109 ft
26h
26ft
*141
*47ft
29ft'
lift
♦lift
55
102
98
.
97
Consol Edison of New York—
45ft Sopt
.12
90'ft Jan
General Electric Co...No par
lft
143«
14ft
*591"
60ft
1278
*6ft
For footnotes see page 901.
16
Feb
3
23%
-
24ft .25ft
+106*".
4fts.l951
4 fts..—....1951
f 3%s A——1901
.1970 MN
Dec
Dec
Jan 19
Feb 19
Jan
88
15
-
1st 4s.. 1943
Conn Ry A L 1st A ref
...1965 AfN
..1967 MN
8ft
34ft
11
11
130
32
14-ft
14ft
7 7ft
15
1968
♦Debenture 4s.
Consolidation Coal
27ft Sopt
97ft Jan
41ft Jan
Feb 19
32,100
26
*112
lft
5ft
108
90ft
14ft
6()l8
1234
14ft
2678
Co—
♦Debenture 4s
86 ..Dec
A
100
.First National Stores..No par
Fllntkote Co (The)....No par
5M%
103
25ft^ 2534
114
"300
4ft
*K)0
234
*1g
»i8
2ft
87
*75ft
0734
3ft
*110
25
Conv debs 3ftS—>1958
.
14ft
*110
45ft
*42
*i»
•,
*3
103%
658
95 ft
*108
106
A
.♦Commercial Mackay Corp—
Income deb w w..._Apr 1 1969 May
3fts
1st mtge 3 fts
1st mtge 3fts_._...
8
*25ft
*83"
23
O
J
5
103*"
O
1961 J
1952
65ft
*103ft
A
Columbia G A E deb 5s.May 1952 MS
1st mtge
110
8
1334
*29ft
83%
71%
66%
A
2ft Apr
14ft Dec
6
Feb
11
6% preferred series
*26ft
83%
80ft
70 ft
f 5s
♦
'73ft A 3ft
44
*27
108
80 ft
s
*11
" 15
65
*47ft
70 ft
Stamped guar
*6'ft
25
■74ft
15
7 5ft
*141
80 ft
Conn Riv Pow s
1,000
123ft 123ft
75ft
74ft
•
O
A Pasump B.lv
3ft
17ft
934
*17
*44ft
•i*7
'
O
"Conn
250
20ft
17ft 18
978" 97(j
74i2
*61V
*6 ft
107ft
O
♦Colo A South 4fts series A.. 1980 At N
7
85
'
71ft 74ft
104ft 108ft
1973
lets f 4 fts series C
1977
Coal River Ry 1st gu 4s
1945
Colo Fuel A Iron gen s f 6s_.1943
♦5s lucome mtge
....1970
Edison
10
45ft
*4ft
50
Clevo Union Term gu 5fts...l972
0
4ft
18's Jan
2
Feb 25
034 Jan 3
3634 Feb 16
Firestone Tire A Rubber... 10
I
■j
"44ft '53ft
Cleve Short Line 1st gu 4fta,1961
1st mtge 3fts series I..
*24
110
1184
Commonwealth
Ferro Enamel Corp.-...I-..l
Fidel Phen Flro Ins N Y.S2.50
Filenes (Wm) Sons Go .No par
24ft
*108
Columbus A Tol
34ft
*ft
!
18
65
*59ft
1,27s
68ft
*178
*62ft
■
Gep A ref 4 fts series B
1st s f 5s series B guar..
3-ft Jan
15ft Feb 25
81
100
101ft
*105
15
1
28
-
1078. 11
3ft
*75ft
14ft
*102'32
1950 F A
1977 F A
5s.;...Apr
2034
89ft
*83ft
81ft
82
*104ft106
*17''17ft
••;72.-;7(M-
1948 MN
Debenture 5s
preferred
16 7
1942 A O
1942 a O
Gen 4fts series A
Debenture
105
8ft
*ft
•7*2ft
RR—
Gen 4 fts series B....
Series B 3 %s guar
20ft
3ft
4ft
*17
*5u
*978
73
112
*24
Cleveland A Pittsburgh
105
lift
15ft
7
l"l"6
60 v
74^
♦71
105ft
7
52 M
,
1034
103
130ft *130
33ft
12
71
*42
112' 112
89
,
1st coll tr g 4s.. 1990 M N
Cleveland Elec Ilium 3s..,...1970 J
conv
"
108% 109
73
51 ^
50
1,800
*934
*4hi
*85
90
*81 ft
*105
*5
107% 108%
110% 110%
102% 102fti
....
*85
72
D
series.E—1977
General 5s series B-.
400
2
2
3ft
7ft
32
*85
*44ft
Cleve Cln Chic A St Louis Ry
Cln Wab A M Div 1st 4s...1991 J
2
*178
20ft
*112
12
♦fti
20
100
*6«4
1ft
*130
*61
-
100 ft
ser
Highest
$ per share $ per share
22%
108ft
3%s
100
91 ft
2
32ft
108
ft
3ft
""966
17
*90
2
*100
89
lft
5i#
■/
110 !
*109
36
*1 Oft
1034
3ft
4ft
103
323s
12
ft
Hft
28
*178
Il27(j 11278
:
34ft
♦105
108
•>I1 ■
7*14ft
46
49
108ft
1st mtge gu
35ft
17ft
91ft
*90
1034
1251.1 1251.1 *125ft 125ft
20ft
20ft
20ft 20ft
7*17 717ft
96J<
98
22ft
♦110ft
Clearfield A Mab 1st gu 5s
36
*16ft
52ft
19ft
123ft123ft
2478 25ft
81ft
130
34
-
99 H 101
94)4
44
.
♦101'fti
108 ft
1967 J D
40
36
19ft
90
81lo
130
Birthday
18
106ft| 108^
27
14
Cln Leb A Nor 1st con gu 4s.1942 M.V
1st mtge 3 fts
*37ft
*50
51,s
,
Cincinnati Gas A Eleo
40
*10ft
lft
*24
53 ft
J
{♦Choctaw Ok A Gulf
210
1,000
10ft
89
115-
lft
i
68
West Indiana con 48.1952 J
Childa Co deb 5s
*37ft
140
2,200
9
52ft
284
*932
53ft
67 ft
52 ft
100 ft
*8ft
10ft
*100
3278
32ft
17ft
17ft
7: *978 - 10
.1:
.
ft
05
J
12
9
*5084
5ft
*24
-
1st mtge 3 fts series F
Chic A
11«4
132ft 133
,
52 ft
*6ft
*10ft
*5034
*4ft
2ft
*8
Chicago Union Station—
1st mtge 3%s scries E
300
3ft
7ft
101.1
5ft
*105
;
80
75
75
'..
*50
Chic T H A So'eastern 1st 5s.1960 J £>
Income guar 5s....Dec 1 1960 M S
30ft
4ft
3ft
*2ft
70ft
Gold 3%s.v.
30ft
20ft
5ft
*{i«
941
22 ft
1934 A O
1952 M S
Chicago St L A New Orleans 5s. 1951 J D
4ft
3134
400
30
•:
20ft
2ft
lift
25ft
21ft
........1960 M N
•Conv g ilia
100
2
2ft
.
25ft
24ft
4s ctfs registered—.——1988
{•Secured 4fts series A
500
*934
20ft
*5ft
2ft
47
22ft
22ft
21ft
13ft
14 ft
{♦Refunding gold 4s
17
21
2
207«
40
20 ft
♦Certificates of deposit...
17
21
10ft
2078
■
*105
{♦Chic R I A Pac Ry
9
lft
^
{j'Chicago Railways 1st 5s stpd
Aug 1940 25%
500
167S
*934
■
26ft
*112
Wasliing-
12534 12534
22ft
Oft
91ft
89ft
25ft
'
82
33 ft
14ft
21ft
21ft
115ft
•'♦I ft
41
22 ft
2
40
*1
18ft 19
123ft 12378
Closed—
33
*112
34 ft
ft
26 :
32ft
•
33
33 ft
ft
*33
lft
103
*83
Stock
33 ft
*27
"32
19
31
32 ft
89U
♦18ft
".33""
$ per share
414 Feb -
~
600
21 ft
451.1 453.J
411.1 45 ft
45ft 45ft
45ft
45ft
358
334
3ft
3ft
3ft
3ft
334
334
*115ft 118
*115ft 118
*115ft 118
*11519 118
*27„
338
*2ft
3ft
3ft
*278
*278
3ft
2 ft
3
278
278
278
2ft
3
278
8ft
834
8ft
878
834
9
834
3-3s
2ft
*83
{Chicago A North Western Ry—
♦General g 3 fts...
1987 MN
3 fts registered
1987 M N
1078
*21
9
2
*100
334
384
*115ft 118
263
48
47 ft
12 ft
52 ft
*100
46
ft
7ft
lOft
>.
47 ft
44ft
48
{Chic Milw St Paul & Pac RR
g
16ft
21ft
4ft
19
♦lft
2
984
934
20ft 20ft
3ft + 3ft
*678
7ft
10ft 10ft
*50ft 52ft
♦4ft
4ft
3-fti
*10
70
46 ft
46ft
ft
47 ft
134
2
lft
10 ft
20ft
20
{Chicago Milwaukee A St Paul—
♦Mtge
2ft
*2
38
32 ft
8ft
8ft
17ft
*91
45
36
30 ft
32 ft
*'638
'
80
33
*12
f
72 ft
-
*50ft
*4ft
1989
1989
1989
1989
$ per share
Par
1
•
122ft
67 ft
"66 "
♦Gen 4s series A..-May 1
♦Gen g 3%s ser B.May 1
♦Gen 4%s series C.May 1
♦Gen 4 fts series E.May 1
♦Gen 4"is series F.May 1
10
96ft
*94
♦4ft
*4ft
4ft
31
31
*31ft 33
*29ft 31
*29ft 31
1184 12ft *1134 12ft
133
133
*129
132ft
Oft 7 9ft
*37ft 40
^36ft 36ft
16ft 16ft
91ft 91ft
36
100
984
978
*3634
••"
32ft
121
"66""
36
1,900
96ft
361'-
16ft
12ft
*132
9ft
40
:10ft
*91
•'*21
30
•12ft
12ft
134ft
9ft
10
*94
*15>8
94ft
iM%
200
11
200
15
92ft
3638
978
4ft >4ft
30
30
301.1
*33 .1
31 ft
8ft
Highest
Federal Motor Truck..No par
Federated Dopt Stores.No par
400
92ft
37
15
*90ft
36ft
04ft
•
1,400
15ft
'
'
__200
3734
15
,15ft
oift
37
978
*10ft
37ft
115
: 00-34
'
10
"11"
*10
36
15ft 45ft
*90ft
*3678
3734
133
75
Chicago & Erie 1st gold 5s;...1982 M N
Chicago Gt West 1st 4s ser A.1988 J J
♦Gen lnc mtge 4%s.
.2038 J J
series A...1966 V/N
gen 6s ser B—May 1966 J
J
Chicago Ind & Sou 50-year 4s. .1956 J J
(1943)
Lowest
Lowest
700
4
15ft
82
*8ft
712ft
85
69
32 ft
t'»
Year
EXCHANGE
•
*1034
1534
95 ft
"77 ft
3ft
15ft
*81
10»4
*29ft
89 ft
81ft
92 ft
79 ft
J
gen
*81 ft.
3»4
1514
82
10
17ft
71ft
Chicago & Eastern 111 RR—
•Gen mtge inc (conv) ——..1997 J
♦1st &
•1st &
13
81
"79"
{•Chic Ind A Louisv ref 6s..-1947
♦Refunding g 5s series B—1947
♦Refunding 4s series (1...;. 1947
*378
4
*!5ft 15ft
___82
4
*1634
78ft
A
—— —
Shares
334
15ft
1534
100ft 103
70 ft
A
F
1st & ref 5s series A........1971
•$ per share
82
*94ft
80 ft
80 ft
1st A ref 4%s series B......1977 F
,,
S net share
15ft
15
103
87
04ft
—..1949
$ per share
Range for Previous
Rame Since Jan. 1
On Basis of 100-Share Lots
STOCK
Week
84ft
*9
128ft
101
94ft
91
*80
.1949
4s registered
175
88
Feb. 27
*82-
*4>';"> 4U
17 ft
;
Feb. 26
3734; 37S4
86 ft
104ft 105ft
102 ft 103ft
119
♦112
RR ref 3s..1949
the
*15ft
*29
•Chicago & Alton
Chic Burl & Q—Til
Friday
Feb. 25
#21
23
103
STOCKS
NEW YORK
Thursday
37«
1534
_*82 :
♦121
2d consol.gold 4s........1989
.1 Wednesday
87
1534
82 ft
78
*-
General gold 4 %s.
Ref A lmpt rntge 3%s D
Tuesday
*9012
*3078
S f deb 4%s (1938 Issue).-.1950 M S
Chesapeake A Ohio Ry—
M.ondav
High
68
49
r
.-Saturday
fr.
Issue)...1950
Sales
for
Jan. 1
Champion Paper & Fibre—
S f deb 4%s (1935
LOW AND HIGH SALE PRICES
Since
k2
Asked
<ft
Feb : 21
Railroad & Indus. Cos. {Con.)
Cent Pad 1st ref gu gold 4s.-.1949 F\4
895
35ft
*33ft
9ft
39ft
13ft
lift
17ft
7'4
16ft
111ft
36
3334
9ft
39ft
102
*100
3
32ft
32ft
3
*2ft
3
32
32ft
33
Helme
(G W)
Preferred.
""300
Hercules Motors
.1
25
10(1
No par
2,900
Hercules Powder......No par
500
6% cum preferred——..100
Hershey Chocolate ....No par
$4 conv preferred
No par
Hlnde A Dauch Paper Co...10
100
Hires Co
(C E) The
..10
Holland Furnace (Del)
'"loo
300
30
2,100
600
1,200
10
Hollander A Sons (A)..
.5
Holly Sugar Corp....^No par
7% preferred
100
Homestake Mining
12.50
Houdallle-Hershey cl A.No par
Class B—
...No par
'"loo
1,200
Household Finance
No par
5% preferred...
200
102
3
100
2
25
Corp..
.100
Houston Oil of Texas
Howe Sound Co
v
t C—25
*..5
1
lft Feb 19
83
53ft Jan
154
2
lft Jan 6
93ft Jan 19
6ft Feb 19
3
57
Feb 11
5
156
Feb 26
5ft Jan
Jan
lift Jan 30
61ft Feb 27
125
Feb
9
32ft Feb 19
82
Feb 26
12ft Feb 16
lift Feb 21
14ft Jan
2
Jan
6
14ft Jan
2
6
111ft Feb 27
35ft Jan 6
27
Feb
6
12ft Feb 24
72
128
40ft
Jan
2
Jan 21
Jan
5
102ft Jan 12
13ft Jan
13ft Jan
5
9
17ft Feb 20
6 ft Feb 16
18ft Jan 30
115
Feb 20
38ft Feb
34
5
Jan 29
lft
Dec
76
June
5
Dec
Dec
150
96
168
10ft
Apr
65ft
Dec
Zl23ft May
33 ft
Deo
99ft June
12ft Dec
12ft Dec
13ft Dec
5®4 Deo
9
3ft Jan
Sept
8ft Sept
96
Dec
50 ft
Feb
-
zl07ft
Apr
30ft Dec
24
' Deo
Jau
July
-103g Jan
'80ft July
132ft
Oct
56ft
Jan
115
Jan
16ft Sept
187g Aug
30®4
Jan
Oft July
1078 Aug
115
Oct
52ft
Jan
39
Jan
13ft
Jan
64
Jan
Jan
3
8ft Jan
2
3878 Jan
2
44
Jan 20
36
Dec
Feb 14
105
Jan 26
100
Aug
111
Jan
2ft
Dec
5
26ft
Apr
100
2ft Feb 251
31
Jan
2
10ft Jan 29
3ft Jan 14
34ft Feb 3
7ft Dec
July
37*8 J&n
i!iiw(M0«iflBii(*ldlfcii818B!uflWIWli®W'flfX0WSRfiW^Wiiy2ltt&tii^
THE COMMERCIAL & FINANCIAL CHRONICLE
896
Monday, March 2, 1942
NEW YORK BOND RECORD
NEW YORK STOCK RECORD
Friday
LOW AND high
crnrKc
Range Since Jan. 1
NEW YORK STOCK
On Basis of 100-Share Lots
Sales
sale prices
for >;■
Year
(1941)
At ondaii
Tuesday
Wednesday
Thursday
Friday
the
Feb. 21
Feb. 23
Feb. 24
Feb. 25
Feb. 26
Feb. 27
Week
Lowest
$ per share
$ rer share
t
*%i
*2h
3%
*2%
10*2
19%
-3%
20%
3%
<
3%
20
3%
*%«
~
*%6
%
3%
20%
3%
3%
3%
3%
20%
3%
Par
"
.
300
Hudson &
3%
100
$ per share
100
Manhattan
1,100
2
4
Jan
2
21
3% Jan
2
2
Hudson Motor Car....No par
10,800
2
Jan
18
...1,600
%
Ul6
20
J Hupp Motor Car Corp
1
$ per share .$
Dec
$ per share
)
% Jan
2
5% preferred.....
100
Hud Bay Min & Srn Ltd No par
3%
X 3%
%
%
lli«
Shares
%
%
*2%
19%
%
*2%
20%
3%
20
3%
3,
$ per share
$ per share
$ per share
%
*'te
Range or
Sale
Friday's
b
Price
%6 Jan
;
Feb
%
%
1%
Feb
6
378 Feb
5
3%
per
D
J
J
♦Cuba RR 1st 5s
21% Sept
Dec
4%
%
Jan
29
r
3%
17%
*17
38%
*37%
*3%
3%
*3%
15%
1538
8%
*90
*7%
*155
160
71
70
71
*70%
*8
90
69%
*3%
15%
8%
26%
90
*155
158
91%
160
*37%
27
*26%
27
*90
*155
*17%
15%
8%
15%
15%
8%
26%
91%
91%
160
*155
38%
3%
*3%
69%
70
*88%
100
5% Jan
2
6% preferred series A... 100
leased lines 4 %
r.. 100
RR Sec ctfs series A... 1000
14% Jan
32% Jan
2
2>o Jan
2
Indianapolis P & L Co .No par
14% Jan
6% Jan
247„ Jan
2
40
10
1,200
100
2.200
200
v
Indian
10
Refining.......
Industrial Rayon
No par
Ingersoll-Rand
.....No par
"""700
21%
*110 ' 111%
7%
*784
111%
*7%
8
*110
118
f
118
4 8»4
48%
47%
*21
!
;
7%
7
*117
49%
159% 159%
163
*159
119
2,000
*6%
6%
200
Insuranshares Ctfs Inc
21
21
21
6%
21%
500
Interchemical Corp
110% 110% *109% 110%
80
6%
21%
111% 111%
7
6%
7
6%
*116
11%
11%
*6%
6%
*21
21
21
11%
11%
48
'.'8
8:
7%
7%
7
119
No par
• -
122
.No par
Intercont'l Rubber
47
48% "I 47% 48%
*155
159% 160
500
3,200
Interlake Iron.......-No par
600
Machines.No par
Internat'l Harvester...No par
Preferred
...100
9.S00
47%
159%
159% 159i,i
Z
400
i
6
8
9% Feb
M
2
Feb 25
7
Jan
;
Dec
*13%
Dec
5
Feb
.
20% May
Aug
Jan
85% Dec
154
Jan
9% July
2y% July
Dayton Union Ry 3 %s ser
Del & Hudson 1st & ref 4s
Sept
111%
Jan
161
25 H
8%
Dec
Jan
5
6
Feb
23% Jan 27
8
111% Feb 3
2 •10% Jan
9
19
Dee
7% Sept
27
Sept
107
July
46
Jan
1st & ref 4MS1st mortgage
Jan
6% Feb
63
s
Jan
8
Dec
6
Dec
11%
Jan
May
167%
Jan
Feb
3%
Jan
I 53
Feb
;160%
2
113%
140
Jan 14
8
151%
Feb 18
157% Jan 16
*%
%
9%
9%
9%
9%
9%
9%
2
2
1%
2
1%
1%
1%
9%
1%
%
*%
55
26%
*129
13%
14%
58
*57
2%
26%
131
13%
57%
2%
2%
26%
*129
'
56%
56
*2%
.;
57%
2
26%
131
14%
58%
2
2
*1%
<41%
41%
41%
41%
*47%
48%
*47%
48%
*30%
31%
30%
30%
*35%
38%
2%
2%
2%
8%
95%
*2
*8%
*94
*8%
9%
•
133
2%
2%
2%
Stock
*2
Exchange
*8%
*94
*27%
Washing¬
8%
95%
*8%
Closed—
28
28
*
39%
*90-100%
100%
*90
.•',
*38
*....
9%
29
56%
*2%
*55% • 56%
57
3
26%
*129
13%
58
*1%
41%
*48
30%
38%
*90
2%
2%
8%
*94
*8%
*28%
133
131
*129
13%
57%
*1%
48%
41%
477*
41%
48
30%
30
38%
*36%
*129
14%
57%
2%
14%
58%
2%
41%
9%
Internat Min & Chem._No par
1% Jan
1,000
100
7,700
5
4
Dec
57
July
June
170
Jan
42%
150
14%
57%
"5,800
1,300
57%
*1%
Int Nickel of Canada..No par
160
2%
3
15
45% Jan
30
30
800
International Shoe
No par
39
39
39
400
International Silver
27% Jan 2
35% Jan 13
2
July
Dec
31% Sept
May
131
Jan
10%
Feb
20
Sept
5
51%
1%
Dec
95%
*94
2%
Apr
32% May
38% Feb
8%
*8%
*28%
*90
100%
2%
2%
2
2%
10400
2%
8%
1,100
8%
95%
*8%
9%
300
20
94
94
29
*28%
"""166
48%
2% Jan 14
2
2% Jan 30
9% Jan 2
8
Feb 18
93
Jan 21
1
1
95
9
-
2
6
Jail
Oct
104
Oct
Dec
Dec
3% Sept
3% Sept
Feb
14
6%
6%
27%
103
4Ms—-*
i
129
*123
22
62%
76
*10
*60
11
*60
■*73
28%
59%
*123
22%
22
■
59
58%
*57%
6%
6%
*28
*10
74%
6%
28
59%
*123
22%
74%
22%
*60%
74%
10%
10
62%
6%
28
*100% 103
60
...
22%
62%
74%
10
*6%
6%
22%
22%
22%
60
60%
75%
231,
62%
*60
75%
*9%
76
10%
1,100
6%
6%
28%
28% *27%
27h
*100% 103
*101% 102
61
60%
*61% 62%
*123% 126% *123
400
98
MOO
26%
124
9% Aug
Dec
14
500
600
761
9%
200
9%
44
25
Feb
5%
31%
101
Jan
107%
Dec
Dec
.Aug 1955
F
14)4
Dec
71% Sept
100
5% pref series A
5%
Joy
pref series B conv..100
Mfg Co...
122
Jan
91
21% Feb 10,
60
Feb 26
74% Feb 10'
9% Feb 27
1
Dec
Nov
122
128
Feb
Jan
5
24% Jan
3
16%
Dec
27% July
Jan
6
59
Oct
67
79% Jan
3
64%
Jan 20
8%
Dec
Dec
86% July
14
Sept
124
64
11
Aug
K
J
D
4s
1995
.......1995
Detroit Term & Tunnel 4 Ms... 1961
Dow Chemical deb 2 Ms
1660
Dul Miss & Ir Range Ry 3)48--1962
t§*Dul Sou Shore & Atl g 5s... 1937
DuquesneLight 1st M 3 Ms....1965
J
D
J
1)
A
1 a
O
J
14)4
511
*18%
19%
10
10
99%
*7%
99%
7%
102
*94
12%
*11%
*4%
5%
5%
5%
5%
5%
5%
5%
5%
*118% 120% *118% 120% *119% 120% *119% 120%
*4
4
4
4%
*4
4%
4%
4%
19%
*18%
19%
19% *1.8%
*18%
1978
19%
10
10
*9%
*9%
10
*9%
*9%
10
100
100
*98%
99% *98% 991
*99% 100
*71o
7%
*7%
74,
7%
7%
7%
7%
*96
*12
4%
5
102
*96
~102
1,200
100
100
50
200
102
*94
12%
12%
12%
i*406
5%
5%
5%
2,300
12%
*11%
12
12
4%
*4%
5
5
102
*94
Kalamazoo Stove & Furn...lO
5
Feb 10
L pf ser B No par
City Southern.No par
118
Jan 16
Kan City P &
"560
Kansas
100
4% preferred
Kaufmann Dept
1
Stores
100
5
5% conv preferred
234 Jan
16% Jan
10
99% Feb 20
Kayser (J) & Co...
Keith-Albee-Orpheum pf..l00
7
A.l
11
Kelsey Hayes Wh'l conv cl
Class
1
B
2
2
Jan 17
Jan
7
7
4% Dec
119% Feb 20
£llG% June
6
Jan
4% Jan 27
Jan 27
22
11% Feb 5
100% Jan 13
8
Jan 27
2
Dec
13%
9%
3
4% Jan
9
Dec
Dec
Mar
100
6%
Dec
Dec
95
Jan
M
♦Second gold 4s
13%
*13
27%
2%
27%
*2%
36%
*36
20%
20%
*3%
4
24%
v
241.1
27%
27%
*105% 110% *105% 110% *105% 110% *105% 110%
34% 35
34%
34% 34% 2:34%
34%
34%
*13
13% *13
13% *13
13%
*12%
13%
*27% 28
*27% 28
*27% 28
*27% 28
2%
*2%
2%
*2%
2%
*2%
*2%
2%
37
*36
36% 36%
36% 36%
36% 36%
21
21%
21
21
*20% 20%
2078
21%
4
4
*3%
*3%
*3%
4
4
*3%
23%
24
23%
23%
23%
23%
23%
23%
•27
*26% 27%
27%
26% 27
2678
271.,
Kendall Co S5 pt pf A.. .No par
8,900
Keystone Steel & W
'"160
2,400
Co .No
1
(G R) Co
$5 prior preferred... .No
Kresge (S S) Co
1,300
Kress
.,
(S H) & Co
Kroger Grocery & Bak.
par
10
..1
Jan
9
32% Feb 11
12% Feb 6
27% Jan 24
105
1% Jan
33
12% Feb 26
9%
Dec
5% Feb 26
4%
Dec
£20%
105% Jan 20
98%
Feb
37% Jan 3
13% Feb 20
30%
Dec
11%
29
25
Dec
Dee
Jan
Feb 25
No par
3% Jan 19
23% Feb 27
Feb 26
Jan
29% Jan
4s..1948
1970
--1965
stamped. T1965
Elgin Jolletifc East Ry 3)4s
El Paso <& S W 1st 5s...
68
*28%
30
*12
*9%
12%
*26
12%
*8%
91.1
*8%
18'
*17%
*20
22
*108
111
*17%
*21%
109
10%
30
12%
9%
18
22
109
*3%
384
*3%
1%
13s
1%
12%
12%
12%
3%
1%
12%
20%
20%
20%
*20
12«4
1234
*13
*18%
19%
*18%
20%
2O84
21%
4%
4%
*20%
21%
*68%
69%
69
69
69%
*69%
*172
179%
4%
21
*173
*18%
19
19
30%
30%
30%
31%
*30%
13%
19%
*9%
*26
12
*8%
*17
*20%
*108
11
30
12%
9%
18
12
12
*8%
22
*21
22
22
22
20%
20%
20%
*13
19%
*18%
21%
4%
20%
21%
69%
*20%
20%
4%
21%
18%
31
•
21
4%
*20%
12%
20%
20%
*12%
*18%
19
20%
41"
4%
21
21
21
69% *68%
6978
*68% 69%
69%
69%
69%
69%
69%
69'.,
174% 174".i *173% 179% *172% 179%
20
*18
20
18%
18% *18%
31
30%
30%
30%
31
*30%
31
10
10
10
10
10
10
10
9%
13
12%
13%
13
13%
13%
20%
20%
20%
20%
39%
39%
39%
40%
40%
20%
4034
1278
20%
13
20%
40%
20%
40%
40%
40%
40
40
40
40
40%
40%
*3%
384
*312
17%
3%
17%
*1734
*1334
a
18%
14
145
145
*16%
69%
17
13%
13%
*142% 146%
16%
16%
69%
69%
69%
21%
4%
3%
*3%
18
18%
18%
14
14
13%
*3%
'142% 147
16%
*69
16%
69%
3%
18%
14
*30%
"
Co—
I
;
series A
1957
series B
1995
inc 4Msseries A..2015
M 4 54s
1st cons
1st cons M 4s
12%
6
102 %
Fairbanks Morse
1956
deb...1961
5s
1943
deb 4s
2
Jan
9
Jan
Aug
121% Apr
18
8%
Jan
O
109
*102
S
106
Mar
39% July
14% July
38
5
O
J
J
J
J
89
89
89 M
J
J
54 M
54
55
14% Sept
19%
107%
1%
13
Dec
Apr
Francisco
Gas
Dec
26%
116%
El of Berg Co corns g
5s.. 1949
1949
2%
Feb
J
Great
Northern 4 Ms ser
Jau
96%
Jan
98
Jan
189
Jan
Dec
Jan
32% Feb
£20%
Deo
30
Feb 20
34
30
Liquid Carbonic Corp..No par
Lockheed Aircraft Corp
1
12%
Feb 19
15% Jan
20
Feb 10
No par
37
Jan
24% Jan
41% Jan 27
28
May
42% Jan 28
35
Apr
4% Jan 24
18% Feb 6
1%
Dec
13%
Jan
19
12% Dec
142% Dec
162
Long Bell Lumber A
143% 143% *142% 145
20
1678
68%
Lone Star Cement Corp No par
20C
1,100
Loose-Wiles Biscuit
Lorlllard (P)
Co
7% preferred
No par
25
10
100
Louisville Gas & El A ..No par
Louisville & Nashville
100
39% Jan
3% Jan
17% Jan 20
13% Feb 18
141% Jan 14
16%
Feb 25
07
Feb 13
15% Jan 29
Jan 30
149
8
76% Jan 26
18',1 Jan
May
£29
9%
Dec
Apr
13
19%
*124%
...
21
*124%
30%
31
20%
20%
*
*124%
31
30%
30%
20%
20%
13%
24%
3%
*5%
20%
13%
24%
13
13
13
*24%
24%
24%
3%
24%
*5%
6%
15%
3%
3%
6%
*14
15%
*14
*1
1%
1
3
3%
*6%
6%
1
3%
*6%
3%
6%
11
1078
11
1
21%
21%
4%
4%
*4%
26%
26%
*26%
*20%
23
26%
*21
21%
4%
26%
22%
11
,
21
26%
*169
171%
21
30%
20%
*12%
*5%
*20
3%
6%
900.
*124%
30%
*20
30%
*124%
30%
20%
*20%
<
6% preferred.—
30%
21
1,600
400
13%
*12%
13%
1,900
24%
24%
3%
\ GOO
3%
6%
*1
1%
1
3%
*6
*26%
10%
21%
4%
27
*26%
*20
22
*20
1078
21%
4%
*26%
*169
3%
6%
15%
1
3%
1,200
200
*5%
*14
1%
100
Y% par
Macy (R H) Co Inc
No par
Madison Sq Garden...No par
Magma Copper...
Manati Sugar Co
Mandel
..10
No par
Bros
25
MaracaiboOll Exploration...1
Manhattan Shirt...
15%
*1
Mack Trucks Inc
""566
3%
3%
3%
1,900
6%
6
6%
150
Marine Midland Corp
Market St Ry
6
6% pr pref ..100
20% Feb 20
129
19
24% Jan
3% Jan
5%
13%
1
Apr
39% Oct
45% July
3% Dec
19%
Sept
Jan
Jan
Dec
22
60
Feb
27%
2
4% Jan 30
6% Jan 15
16% Jan 26
1% Jan 31
Jan
3
Jan
2
Feb 18
26% Jan
4% Jan 26
6% Jan
Marshall Field & Co
No par
Martin (Glenn L) Co
Martin-Parry Corp
1
No par
21
1,000
No par
25
Jau 21
...1
21% Feb 17
Mathieson Alkali Wks.No par
26% Feb 24
171% Jan 26
..100
Jan 28
5
3,600
7
6
6
28% Jan 30
24% Jan
29% Jan
176
Jan
Dec
£132
Dec
17%
2
Feb 10
19
23% Apr
7% Feb
12% Jan
2,800
7% preferred..
i9o4
1962
1949
1957
6
6
f3
69
.
83
97 M
96M
98
20M
31 M
14
20 M
20
31M
98
98
98
30 M
"30 H
98)4
93 X
99 X
83
80
81
♦79 X
*
101
*90""
108 X
107
X
105M 10854
101)4 105
94 M
97 M
102)4
95)4
87
86M
87
86 M
85 M
86 M
84
97 M
96)4'
97 M
95)4
9954
95 M
95
95M
93M
75
77
75
97X
79M
63
65
*57 X
85
69X
89
-
87)4
8M
8M
94 M
94 X
91
10M
95M
90 M
91
87
91
M
71M
72 X
67 M
67 X
59
68 M
51
59
94)4
"72
7M
72M
*89
103 M
103 M
11
Deo
Feb
19% Dec
Sept
1% Feb
5% Dec
31%
138
Jan
Jan
35% Dec
29% Sept
14% Aug
31
July
10
Apr
7% Aug
16% Sept
%
Jau
1% May
2% Dec
3% Dec
Dec
£20% Dec
Sh Dec
19
May
21% Dec
24% May
171
—
103
103X
109)4 110)4
J
124)4
124)4
124 X
A
O
100M
100)4
100 M
MN
MN
80
102M
80
78
102M
102 M
5
1
12
4
12254 120
98 M 100M
61X
80
102M 104)4
35)4
39 M
June
J
D
37 M
38 M
120M
38
61
119
120M
2
F
A
43M
42 M
43 X
101
36)4
45M
O
10 X
10 M
11
240
854
13)4
J
100M
100M
MN
Febl967
Illinois Bell Telep
2Ms ser A...1981
J
120M
Illinois Central RR—
1st gold
-
1st
4s
gold 3)4s
—
.1651
1952
1955
gold 3s sterling..
Collateral trust gold 4s
Refunding 4s
1952
Purchased lines 3)4s
1953
....1955
90
91M
85
85
48
42 M
44M
39 M
42
3854
48)4
45
43M
*82 X
70
48
47 M
44M
43 M
41M
M S
A
O
MN
J
J
42
36
39 M
MN
52 M
52 X
52 M
29
48)4
F
45 %
44 M
45M
120
38 M
45
6454
46)4
81)4
81 M
71
81M
43M
MN
A
*54 M
50
1953
1951
St Louis Div & Term g 3s
,1951
Gold 3Ms
1651
Springfield Div 1st g 3)4s... 1951
Western Lines lstg4s
..1951
3 )4s.
Omaha Div 1st gold 3s
Louisv Div & Term g
100)4 102M
100 M
90
90
*82 X
*30
1651
Extended 1st gold 3)4s
1st
90
1951
*.......... 1651
..
44 X
59
2
....
"53"* "56M
56
56
40
44)4
*39
45 X
39M
45M
50
50 M
43
50 M
*49
51)4
43
X
44
62
4
*56" *62""
62
4% Dec
12%
11
*110)4
J
A
74% Nov
5
13% Jan 22
100M
'
♦Ad] Income 5s
16% Jan
31% Sept
15
2
4% Jan 2
10% Feb 24
107«
Master Eleo Co
Jan 27
35% Jan
21% Jan
5
22?s
4%
27
Masonlte Corp
131
3% Jan
1078
200
9
2
23% Jan 12
Feb 1-9
3
22%
4%
'""566
Jan
£12% Feb 11
10%i
27
*26%
22
22% *20
27
26% 27
171% *169
171%
Jan
30% Feb 18
22
4%
-1944
-1937
40-year 4 Ms—
I960
Cairo Bridge gold 4s
195C
Litchfield Div 1st gold 3s..:. 1951
MacAndrews & Forbes...—10
21
24%
*14
3%
6%
*20
*12%
15%
3%
6%
10%
21%
*4%
20%
*24%
*14
26% 26% I *26% 27
1*169
171% *169
171%
For footnotes see page
*20
2)4
3
IX
100
37% Jau
13% July
M
*20
1999
4 )4s
1st mtge
J5*Housatonlc Ry cons g 5s.
Houston Oil 4 Ms debs
Hudson Coal 1st s f 5s ser A
Hudson Co Gas 1st g 5s
Hudson & Manhat 1st 5s A
Collateral trust gold 4s
21
IOOM
79 M
H
Refunding 53
*20
100 M
m
Jan
17%
3
6
Gulf States
June
Feb
Jan 21
Jan
June
174
10% Jan 13
Jan
39
21
9% Jan
2)4
3
cr
1952 J
1961 A
1969 M N
4)4s
Utll 3 )4s ser D
64% Nov
No par
2%
10%
17
RR—
Term M 5sstpd
74% Jan
7%
Lion Oil Refining Co.-.No par
3,500
1st & ref
Gulf States Steel s f
73% Jan 12
19
8 54
94 M
2015 J
Hoe (R) Co
Link Belt Co
'""ooo
Gulf & Ship Island
45%
Jan
95M
8
97 M
-
♦Gen mtge inc 5s ser A
19% Dec
3% Dec
32% Nov
64% Dec
175
88 M
"57X "64M
9M
101
lst5)4sB
1950 A
1st mtge 5s series C
1950 A
Gulf Mobile & Ohio 4s ser B...1975 J
Hocking Val 1st cons g
174% Feb 20
18% Feb *25
105 M 106M
8
79M
Feb
deb ctfs A.
♦Debentures ctfs B
14% Nov
27% Sept
3
LOOM
107
1961
A
Gulf Mob&Nor
24% Sept
Jan
56 M
106
106)4
93 M
M S
B
1952
C
-.1973
General 4M» series D-.-.--1976
General 4)4s series E——-1977
General mtge 4s series G
1946
Gen mtge 4s series H
1946
Gen mtge 3
aeries 1
1967
Dec
33
90'4
48)4
2M
D
Dec
Feb 20
105 M
9
1)
J
lstgu5s
Dec
69
105 M
93 H
J D
1947
Grays Point Term
18%
68% Feb 18
86)4
~98"~
MN
D
11%
5
106
104
14% Sept
1,200
800
Oct
%
£19
5% Jan 20
I)
J
Jan
5% Aug
2% July
"""500
40%
3%
♦96 M
MN
Ms
1950
Gotham Silk Hos deb 5s w W...1946
Gouv & Oswegatchle 1st 5s.... 1942
12% Jan 20
7
16
62
106
pf 8
J
20% Jan 14
23% Jan 29
5
4% Feb 17
21
Jan 29
65 M
62
247
*105M
S
J
3
20% Jan
106
105M
J
8
21% Jan
104M
58 M
56)4
*04
3
M
J
9
Jan
1)
MN
J
19
1% Jan 20
13% Feb 26
J
J
Castings 5 Ms w w
19% Jan
12% Jan
Liggett & Myers Tobacco..25
Series B
25
Preferred
100
Loew's Inc
Aug
Jan
Feb
9%
13%
6,100
105M
S
^Georgia & Ala Ry 5s._.Oct 11945
t§*GaCaro& Nor lstext6s...1934
Gen Steel
27% July
24
•5,400
......
J
17% Sept
Jan
7
103
65 H
A
♦Certificates of
Jan
45% July
Lima Locomotive Wks.No par
2178
68%
26
Feb
Jan
10% Dec
14%
"i">9)4 Ioo"~
104M
65 M
65 %
Corp 3s debs 1956
Sugar coll trust 6s—-1 JoO
♦1st & ref 5s series
5% Sept
29%
2,600
18
69
20
9% Jan 19
18% Feb 4
23% Jan 9
113
Jan 16
100
♦104M
O
Jan
3% July
30%
31
41
......
-4
East Coast 1st 4 M»— -1959
A
1974
deposit.......
tFonda Johns & Glover RR—
§♦ 2-4s (Proof of claim)—..1982
♦Certificates of deposit
J Florida
1
5
No par
Llbby McNeill & Libby
Life Savers Corp
400
166"
J)
M
109
100
J
66
7
4,700
14
68%
Lehu & Fink Prod Corp
101M 103
A
*107 M
26
108)4
*61M
28% Aug
Feb
Feb
1
108
J
Jau
Feb
2%
24
13
Jan
109
102 M
J
J
IO234
Aug
£22% Mar
30%
4
108)4 109M
O
J
General 5s series
5%
Feb 11
108 M
A
General 5 Ms series
17%
22
"26""
108M
S
93 M
D
8% Jan
Libbey Owens Fcrd Gl.No par
900
25 M
17 X
95
102M 103M
106M 107M
15M
27X
1*02 M
M
V17N
J
26% Sept
Feb 18
108% Feb 10
2% Jan 2
40
28 M
96 H
.
93 M
60
Dec
11% Feb 17
2
9
Jan 9
1678 Jan 23
110M
40
40
40
*17
♦
*55 M
21
Feb 17
11% Jan
109 M
J
& Rub 3s
Cent & Pennin
2
l",906
200
102)4 106M
J
Firestone Tire
1 ♦Florida
...50
Lerner Stores Corp
300
102 H
40
M
1st4s...1947
3Ms
1671
Jan
No par
Lehman Corp (The)
100
102 M
•83
22% Aug
14% Aug
104%
Lily Tulip Cup Corp...No par
21
*16%
Lehigh Valley Coal
1,200
'
14
1678
100
50
4% conv preferred
JLehlgh Valley RR
6% conv preferred
18
*16%
No par
No par
5
5M
4M
5M
2
IX,
14 x
78 M
83
110 X 111M
MN
40% July
8% Feb 10
26
-
121% Mar
200
40%
40%
*3%
100
Lehigh Portland Cement.-.25
8,300
13%
19%
21%
*68
30%
*30%
1,700
20%
131
13
31%
10
900
13
*9%
*30
100
111% *108
111%
3%
3%
3%
*1%
1%
1%
1%
3%
13%
5% preferred.
Lambert Co (The)
Lee Rubber & Tire
*108
13
Laclede Gas Lt Co St Louis 100
Lane Bryant
9%
111
13%
179%
*8%
18
*18%
70
l'.ioo
12%
12%
9%
*17
*13
4%
40
10
30
18
12%
1%
10
*26
10%
30
*17
3%
1%
13%
3%
10%
*26
UM
110M
Erie Railroad
♦Green Bay & West
10S4
*9%
95
MN
Nor Div 1st
Dec
Feb
1%
22% Jau
3% Jan 23
27
27
110M
*110M
S
Ed El III (N Y)
23%
2% Feb
40% Feb
Jan
No par
Kresge Dept Stores
1,200
pur
.No par
Kimberly-Clark
Kinney
"*126
No par
Kennecott Copper
1)4
14M
*81,..:
,MN
& Ga Div 1st 5s.1956
J
1st cons g 53..-1995
Elec Auto-Lite 2 M s debs
-1950 J
East Tenn Va
Goodrich (B F) 1st 4
*105% 110%
34%
34%
15
1H
1M
Mh
104 M 107
110J4
S
O
Detroit & Mac 1st Hen g
"
5%
15M
10M
0
*4M
J
M
A
Food Machinery
*118% 122
*4
4%
10)4
7
1M
1M
13M
1 X
A
111% Dec
49%
5% Jan
100
140
14M
J
Jau
.....1
Jones & Laughlin Steel.No par
14 M
14M
J
J
Jan
...100
Preferred
li*506
2
6% Feb 13
5
33% Jan 5
10] 107% Jan 5
Feb 26
61
51% Feb 10,
14
No par
No par
"d
105M
F' A
33% Aug
134% Aug
Mar
Jewel Tea Co Inc
Johns Manville
106 X 107 M
104
105M
2
105 M
*104M
J
Sept
Jarvis (W B) Co
4)4% preferred
"
101 )i
106M
106 M
J
Ohio Div 1st mtge
*101% 103
217
J
plan).....
♦Ref & tmpt 5s ser B-.Apr 1978
t*Des M & Ft Dodge 4s ctfs.. .1935
| ♦Des Plains Val 1st gu 4 Ms... 1947
Detroit Edison 4s ser F
1965
Gen & ref mtge 3 Ms ser G... 1966
Gen & ref 3s ser H...
1970
ton's
27%
31
103 M 106 M
101)4
51M
61M
17
101M
00 M
.1969 J
♦N Y & Erie ItRext
*102
103 M
60""
.1971 J
♦Assented (sub) to
Gen mtge
Birthday
103 M
*101M
D
.1969 J
—— —
t*Denv &RGW gen 5s..
Sept
Feb
7
Jan 20
31%
49
Feb
5%
Feb
132
1%
1%
87
Jan 12
32-% Jan
8% Jan 2
27% Feb 16
130% Jan 24
No par
Island Creek Coal
•
93 M
Oct
Feb
May
25%
2
100
—
27 M
87
Oct
49
Jan
26
Jan 26
Jan
Stores.No par
Preferred
16 preferred..
132
*_.._
Interstate Dept
Feb
39
1% Jan
2
Foreign share ctfs...No par
Intertype Corp
9%
*8%
29
132
133
2%
Inter l'l Telep &
5
32
95
100
Teleg.No par
7% preferred.
100%
*2
50
23 !4
88
M
73% June
2% Sept
2% Jan 26
No par
4
23
463.1 Jan 30
48% Feb 13
International Salt
Apr
30%
125
Jan 12
5% preferred
200
Jau
5
2
110
48
31
25 M
25
Jan
2%
Deo
4
41% Feb 16
100
42
*47%
2%
13% Nov
51
Jan 21
15% Jan
60% Jan
Feb 18
*41%
Dec
1% Deo
56%
5% conv preferred
100
Inter Rys of Cent Am..No par
Apr
1
Jan 31
129
Dec
6%
Feb 20
28% Feb
126% Jan 3
13% Feb 11
100
Intenational Paper Co
7
Jan
%
% Jan 19
12% Jan 9
2% Jan 21
J
i 60
2% Jan 2
26% Feb 18
1
Preferred
131
14%
i
5
48
100
Prior preferred
Internat'l Mining Corp
2
Feb 10
30
*90
2%
2%
8%
9%
Int Mercantile Marine.
1,100
30 M
32
27 M
103 M
J
.1965 J
J§*Dcn & R G 1st cons g4S...
.1936
§*Consol gold 4Mb
East Ry Minn
100%
29
Jan
Hydro-Elec Sys class A.25
No par
Int
2,700
56%
2%
27%
x27
27%
26%
27%
131
56%
*2%
3
*2%
200
%
9%
2
*%
9%
*1%
25 M
88
..1943 MN
-
9%
25M
28M
25M
23 M
30 M
*28
.1970 J
3s...
B.;
4 Ms...
Del Power & Light 1st
Jan
13%
!
34 X
28M
25 M
Dayton P & L 1st mtge
90%
Feb 24
30
28 M
28M
deb...1955 A"d
4% Aug
21% Jau
Dec
4
12% Jan 14
6% Feb 11
32 M
28M
.1936 J
8
Jan 12
74% Feb
7
27M
D
45% May
;
118
Int Business
5
Feb 25
,f 27
100
7
7%
122
Feb
3% Jan 28
16% Feb 4
157
108% Jan
100
7%
7%
7
7%
■
119
120
24
31
Dec
Dec
i 39%
6% Jan 23
19% Feb 18
1
6% preferred..
11%
31
23M
24
10% Aug
Feb 18
10
Inspiration Cons Copper—20
11%
6%
11
11%
6%
6%
*6%
v
11%
11
Dec
Feb 26
69%
•
10%
4%
18% Jan 27
2
Jan 2"1
90
No par
Inland Steel Co
8
155
100
6% preferred
70%
*70%
Illinois Central RR Co
500
91
158
*155
70
2,100
7%
17%
38%
3%
15%
8%
26%
7%
7%
17%
38
17%
38%
3%
15
8%
26%
26%
26%
91%
*25%
15%
*8
15%
*7%
~
7V,
17%
7i.i
7%
38%
38%
3%
7%
*17%
17%
17»4
*38
•
7%
26
9
25
*31M
♦Deposit receipts
7%
30
24M
28)4
.
*7M« series A extended to 1946 j"i)
♦Deposit receipts
1....
♦6s series B extended to 1946 j"n
*
Curtis Publishing Co 3s
7%
29
25
High
28)4
...1952
g._._
♦Deposit receipts'.
Jan
% Nov
2%
1
NO. Low
Jan
15% May
% Jan 20
Since
High
V:'
LOW
(Con.)
♦Cuba Nor Ry 1st 5 Ms.......1942 J
♦Deposit receipts..
share
Jan
Dec
2
Jan 12
Range
Jan.
Asked
Bid
Railroad & Indus. Cos.
"
$ per share
s?
Highest
Lowest
Highest
Week's
Last
& 3
N. Y. STOCK EXCHANGE
Week Ended Feb. 27
'
EXCHANGE
Saturday
•'
BONDS
Range for Previous
5%
11%
Jan
Jan
17% Sept
32% Sept
12%
28%
28
Jan
Jan
111 Cent and Chic St L & N O—
1963
..1963
J
D
48
47
48
D
44 X
43 X
44 X
97
40M
37 M
48)4
J
..1950
t*Ind & Louisville 1st gu 4s ....1950
Ind Unlon Ry 3 Ms series B
1086
Inland Steel 1st mtge 3s ser F..1961
J
J
76M
75 M
76 X
9
70
J
J
23 M
23 M
1
2054
7654
26M
M
S
k108M
Joint 1st ref 5s series A
1st & ref 4 Ms
series C
Ind 111 & Iowa 1st g 4s.
.
.
Inspiration Corns Copper 4s
Interlake Iron conv deb 4s
Sept
31% Sept
176
Aug
For footnotes see page
901.
239
A
O
12
A
O
101X
104M
101M
104 X
1952
101X
37
1947
A
O
101
101
101
0
44M
108)4 108)4
104 X 105M
99 M 101M
99 M 101
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
NEW YORK BOND RECORD
bonds-
Range
Last
N. Y. STOCK
EXCHANGE
Week Ended Feb. 27
Sale
Price
NEW YORK STOCK RECORD
Week's
Friday
Railroad & Indus. Cos.
(Con.)
Low
High
♦1st 5s series B_.
1956
1 Vs
15
-t
♦1st
1956
14 H
g
5sseries C..._
'
Internat Hydro El deb 6s
..1944
Internat Paper 5sser A & B.,..1947
Rcf8f6sserlesA
K
"'"-I'
'
2
1%
15
27%
;i 1%
*17
*9%
85
90%
90%
97%
*6r>s
35%
30%' 30%
46
38%
47
49%
t*Iowa Cent Ry 1st & ref 4s. .1951
1
%
1%
H
7
11
105
6'| .'' 6%
6%
*6l4 4
James Frank I <fc -Clear 1st 43—1959
Jones «fc Laughliu Steel 3J^s...l961
*72%
of deposit
88
88
46
47'
40
47%
45%
45%
37%
46
62%
59
64
67%
88
*85
—..J.
Kansas City Sou 1st gold 3s.. 1950
Ref A Impt 5s;.__
Apr 1950
Kansas City Term 1st 4s...^..1960
61%
r-
*20
n 21•
101
Stamped
*42 "" '
1961
Plain
*111%
1961
40
101'
*105
*84%
88
*90
4KB unguaranteed^;/^.^..^1961
80
6%
'13%
65
♦63
.
8§"v-83%
69
*26
26%
4%
106 X
1st & rer6%i8 ——1954
105
106 %
6%
*20%
100
--
6%
13>g
5
104^
ioi
13
-
*64
11%
34
:
>
13-%
*72%
72%
66%
500
25
10
24
27
%
'
39%
104
200
66%
66%
66%
300
10%
1078
j10%
%
,2%
\
13%
Xl2h
72
10%
10%
5o
&D
\ 2%
2%
*%
2%
'70%
12%
70%
126%
26%
*40
44
*41%
27%
*684
7
3
561,1
131.1
561.1
58%
112:
58%
*110
4%
35
Mission
300
Mo-Kan-Texas RR
1,400
1st A ref
-
s
5s stamped
1st A ref
s
*98
MI
49
Lehigh Valley N Y 4>4s ext..-1950
65
6s debenture
j
...
48%.
53%
SO
53%
337%
26%
26
36%
29/
36%
34%
31-
34%
<
-
32
40
4s stamped
114
105
*100
.
98
95
91%
95%
Louisville Gas A lilec 3
196b
1945
105%
79
82%
105
*14%
*4%
13%
90
90.
5
89
84 "
85%
4
84
1
101
2
104
*9
21%
*15%
4%
4%
*67%
67%
'
■
105- V 100%
106
103
106
105%.-:i05%
80
2%
5%
2%
;
*50%
34
*33
2%
9%
21%
16
2^406
200
4%
3,400
60
6,400
•61%
16'8
61%
69
110
3
*2%
3
6%"
-
*13
14'2
73
*31
32
109l2
32
:
8%
29i2
9%
v 9%
9%
'23.%.
*108'
23%
10984
*28
29
6
6
*60
800
1,400
1,300
63
200
69%
160
2%
6
72
72
32
*31
2%
*8%
6
14
14%
72
*71
33
88%
33
79
86%
51%
52%
50 ^•••5*;-;
Manila Elec Rlt A Lt s f 5s:..1953
88
:.-*5,^;i65
Ji*Nlan G B A N W 1st 3>*s.-1941
37%
Marion Steam Shovels f 6s..;. 1947
-
_*.—n
.. .
47
{♦Market St Ry 7s
ser A..Apr 1940
(Stamped mod) ext 5s
1945
*72
30%
98
97
73%
105% 105%
104
105
106%
Ref ft Impt 4%8
4%
6 % •«"" 6%
3/^Si..--.1951
1952
UN
95
J
63%
8crleaC.fi1979
*68 v:. 75
J
Michigan Consol Gas 48;..%—1963 M S
{{♦Mid of N J 1st ext 5s —.—.1940 A O
{{♦Mil A No 1st ext 4HS — : —1939 J D
•{Con ext 4 ^8
.....—1939 J D
{♦Mil Spar A N W 1st gu 4s..1947 M 8
{{♦Mllw A State Line 1st 3^8.1941 J J
{♦Minn A St Louis 5s ctfs—.1934 M N
*lst A ref gold 4s
1949 M 8
♦Ref A ext 50-yr 5s ser A,—. 1962 Q ?
93 %
;;6i,.v
105%
*42
105
71 >
65
V ' "42 •",
32
'28%
.? 18
105'%-
•
J
95 •'
*36%
28
•
7% :
^
7%
>1%-:- 2%
1%; >1%
J
J
J
J
J
J
J
3% .;,'-3%
♦% -V.'l
J
J
6%
■
;ll%
12%
,,11%--,-12-%j
63%^.. 63%
*1%.
Oct
Dec
39%
Jan
35%
Dec
43%
Jan
21%
Pec
30% Aug
5%
9%
Dec
Dec
9% May
61%
Apr
7
109 >
Nov
4
34
Jan
74% Sept
112
Dec
7
Dec
39 >s Feb
Jan
Deo
4% July
74
July
15% Nov
F b
46
6
Jan
12
17%
24%
18% May
1% Dec
Feb 20
110
Aug
113%
24%
*16% Feb 10
3% Jan
preferred
ll)
National Aviation Corp.......
5% Jan
conv
National Biscuit Co...
Feb
8%
51%
Jan
Jan
100
*1%
Dec
3
Dec
5!
14'.t
Jan
18
5
13%
Dec
Jan
51
3% Feb
Register
'
Hec
9
Jan
6
6%
13%
Dec
11
Sept
8% Jail
16
Jan 19
166% Jan 14
15
2
5% Jan 26
13% Feb 27
$4.50
conv
National
2
8% Jan
2
13%
Jan
4% Jan
8% Jan
10
20
par
Jan
4% Jan
Jan
1
preferred .No par
60
Lead Co.........10
9% Jan 17
14% Jan 7
5% Jan 14
16
Jan 14
25% Sept
Dec
20% Sept
11
Dec
8%
Jan
Dec
93%
Jan
15% Feb 10
32% Feb 11
Feb 17
16% Jan 12
29
Jail
7
17% Feb 24
35
Jan 20
Jan
176
Nov
154
Jan
14%
Dec
24
July
26
Feb
36
Deo
5
Jan
14%
57%
66%
Jan 12
Jan 20
70
Jan 14
Jau 19
No par
2%
No par
NehiCorp
No par
8% Jan 16
6
Jan
7
14%
400
Neisner Bros Inc
73
190
33
200
9%
29%
"1.366
9%
2,000
1,200
N'port New3 Ship A.Dr Dock 1
23
9%
9%
16%
400
18,600
9%
16%
49%
13%
*5%
*13%
*108
110
6% preferred series A...100
100
15
*108
110
1%
*i3i
'
%
26l,t
26%
54
*51%
%
*26
'
*52%
56
110
*52%
No par
N Y Chic A St Louis Co.. .100
6'"
15
New York Central
700
13%
5%
15%
6
No par
New York Air Brake...No par
5,100
1,200
16%
50%
14
$5 conv preferred
;■
29
50%
14%
15%
r
28%
16%
*5
*108
23
5
71
Jan 20
4*4% conv serial pref.-.lOO
Newberry Co (J J)
31% Feb 19
No par
5% pref series A..L....100 *104% Feb 13
Newmont Mining Corp
27% Jan 8
10
Newport Industries....,
8% Jan 2
1
200
NYC Omnibus Corp..No par
'
2%
Dec
42
Dec
4
Dee
8%
Feb
Feb
68
Feb
75% Sept
50
5
Dec
11%
Dec
9%
14% Feb 27
10%
Dec
107% Feb
7
73
Jan
35
Jail 14
109
Jan 30
Jan
9
10
Jan
17%
Jan
'%
%
2% M%
;
*26
26%
"
21
21
21%
50%
50%
12
12%
37
"
Jan
31%
Apr
11% Aug
Dec
27%
Jan
Jan
116
July
45
Jan
7
Dec
15%
10%
Dec
Fell
47%
Dec
24%
Jan
8
Sept
12]
8hj
23;
4% May
15% Feb
5
Feb 18
Jan
2
54
Jan
3
% Jan
2
#u
®i«
900
1%
1%
3,000
JN Y N H A Hartford....100
Conv preferred.
100
*3i#
7SS
100
£N Y Ontario & Western.. 100
26%
21%
26%
26%
400
*20%
21
200
N Y Shipbldg Corp partstk.-l
Noblitt-Sparks Indus I110
5
20% Feb 19
Norfolk A Western Ky..._100 *169% Feb 26
Adjust 4% preferred....100 110% Feb 27
800
50
200
51
5078
5078
1,000
12
i
98-
♦97V:
6,300
12%
12%
12%
2,600
*97
*97
98
6
8
Apr
Jan
18% Aug
18
Aug
Oct
Dec
112
Jan
June
106%
110
115
Feb
Dec
60
Aug
Jan 26
42%
% Jan 27
Jan 27
»i«
Jau
1%
% Jan 14
Feb 10
25
Feb
%i Feb 18
%»
Oct,
%
Jan
23%
Dec
Jan
2%
30% Jan
23% Jan
2
7
Dec
215
Jan
115
Jan 16
109
Feb
119%
vl7%
Jun
50% Feb 20
Feb 19
53
Jan 27
*50%
North American Aviation—1
11% Feb 11
96
Jan 31
14
Jan
6
10%
5. 6%
6%
6%
6%
6%
6%
105% *105
105% 105% *105
105%
10%
10%
10%
*10%
10%
10%
37%
*36% 38% *36% 38%
37%
2
1% Vt 1%
1%
1%
1%
25
25
2525
25
*20 •
7,800
100
96
Jan 3L
4% Jan 2
105% Feb 25
7
Jan 27
700
80
108%
Jan 19
Northern Pacific Ry
50
100
NorStatesPowf5pref.No par
Northwest Air Lines...No Par
00
934 Feb 14
Jan
7
Jan
5
>
10%
52% Jan 26
35
Norwalk Tire A Rubber No par
1
Jan 20
2
Feb 18
25
Jan
Oct
Dec
50%
Apr
Dec
58%
Jan
57%
Jail
17%
93
Dec
July
3%
107
Dec
Dec
7% June
Feb 26
20
32%
9%
11% Jan 28
37% Feb-25
50
Feb 26
Telegraph
Northwestern
Sept
Dec
179%
50
50
6% preferred series.
5% preferredseries...
35
19
Jan 14
8% Feb 11
j
Oct
192
10
North American Co
Northern Central Ry Co
98
'
37
-
Jan
Apr
25
Feb
%
51
50%
12%
'98
Dec
6
110
1%
174
6%.
6%
*104%106
10%
10%
79%
45%
110
6:
109
®32
'32
50%
*07
Oct ;
July
'
-12%
►
Feb
Apr
Dec
26
271
eb
Feb
6
19%
Nov
17
Sept
106% Mar
5
5
45
22%
5%
2
109% Jan
32% Feb
Feb 18
100
69% July
31% Dec
105
30% Feb 16
11% Jan 12
15% Jan
2
109
.
Dec
8%
6%
2
Jan
-.50
N Y Lack A West Ry Co.
2
2
10% Jan
Feb 13
16% Nov
41
5
6
Jan
51
5
Jan
7% July
7
7
14
7% Mar
68%
3% Jan
9% Feb
25%
Jan
43
Feb
Jan
42
No par
5% preferred
10% nou-cumpre!
56
*21% Feb 11
107% Jan 26
28% Feb 27
7% Jan 2
14% Jan 2
...No par
New York Dock
N Y A Harlem RR Co
172
174% 175% xl69% 169% *167
*110% 115
*11078 112
11078 1107H
*11078 115
9% •i 9%
9%
9%
9%
9%
-9%
9%
51%
51
61
*50%
*50% 51%
51% 51%
98
8%
Jan
Sept
Aug
113% Nov
14
Oct
Jan
34
40% Nov
Dec
'
*1
'
*20
25'.
♦8%
878
i
*13%
*19%' 2034
1%
*20
s
23
28%
Jan
19% Sept
12% Dec
160% Dec
138
3%
53% Feb 5
6% Jan 28
16% Feb 25
63
Feb
6
2
5% Jan 21
11
10% Sept
3%
163
1
Sept
58%
146
5 4% prior preferred
100
6% prior preferred.....1Q0
8
9
Feb 27
Jan
Jan
16% Sept
3
13% Jan 2
162% Jun 13
48%
11
4% Jan
130
National Supply (The) Pa..lb
$2 conv preferred
40
Dec
71% Feb
100
2
7%
3% Dec
7% Feb
17
Apr
2
Natomns Co
106%
Apr
14% July
2
National Tea Co
600
Jan
9%
Dec
12% June
23% Jail 28
100
7% preferred A^.l
6% preferred B._
17%
3% Dec
*10
9% Jan 24
2
Jan
15
No par
National Gypsum Co.
Dec
12%
'
Jan
11
National Cylinder Gas Co..._
Nat Dairy Products...No par
Stamping.No
Feb
18% Jan
175% Jan
Dec
160% May
6
8
3% Jan
No put
Nat Distillers Prod
2% Dec
5%
13% Jan
National Dept Stores..No par
Nat Enam A
19% Dec
5% July
23% Sept
23% Jan
7% Jan
6% Jan 30
;
7% Feb 19
'14% Jan
161% Jan 30
10
7% preferred./.
2% Jan 20
4% Jiui 26,
1,100
16%
1%
25
2,000
-
'
8%
9'
*8%
9%
7%
7%
20% 4 20%
5
;>V5
; 7%
>
8%
'
1
9%
9%
9%
0%
-V
30
400
Preferred...
......50
Norwich Pharmacol Co..2.50
8% Feb 13
10% Jan
%
Dec
2% Jan
27% July
6
7%
Dec
13%
6%
Feb
13%
Feb
10
July
23% July
2
Dec
54
Dec
21
Feb
,
41%
28%
2
1%
9%
12%
9% .12%
9%. 12%
3%-. 3%
1
:
'
v-
*478 ;
63%.
5
; 4
12%
*132
.
>
12%
142
5%
*58'
59%
*20%
22
.5%
55
*115'
'
*73
' 76
V *3%*3% '" 4
12%
12%' 12%
142
*132
i:.
5%;
-:*58
' 59%
*20%' 22*46.
47%
*46
47%
For footnotes see page 900.
Jan
2
8% Jan 26
20% Feb 7
2% Jan
2
6% Jan 12
7% Jan
5
800
Omnibus Corp (The)..
78
130
8% preferred A_j...,._100
Oppenheim Collins....No par
59
Otis Elevator..
11% Jan
r
77%
*73
*3%
4
12%
*132
12%
4
12%
12%
*132
142
,5%
5%
5%
*58%
22
•
i
59%
<
r
No par
7%
20%
*47„
!*3%
12%
*58%
*115
No par
Oliver Farm Equip
7%
20%
5%
5
6
17
Jan
2
2
3% Feb 17
'
•♦20%
55'
Ohio Oil Co
1,000
7%
20%
■
•75
76
9,400
7%
20%
-!
■,'4-
5% V 5%
♦115-,
48
5%
142
*132
I
20%
75
75
*3%
.
20%
5%
*73%
*46
60%
7%
:7W}l1h
20%, 2011
*20%
59%
21%
'*46
55
•I
*
•
-
47%
47
■
Mar
123
24% Feb
1,400
49%
16%
49
2»s
*%t'
"
67,
65
,•
1%
,
10%
37
*36%
95
6%
*104% 106
47%
Fcr footnotes see page 901.
04
Sept
118% Sept
47%
ya%
ll%t,;12%
A..1946
♦1st A ref 53bS series B
17% Aug
Feb
5% Jan 20
Jan
6%
109% *1087g 109%
'28%
28%
•
6%
' 69
-""6% "7%
•
.If s
Dec
107
38
;•*
J
.1949
1978
>
63%
:
*65*39
v
{{♦M StP ASS M con g 4s int gu *3S
{♦1st cons 5s...——1938
{♦1st cons 59 gu as to int...-. 1938
•25-year
'51%
*10
69
9%
53
%
2%
,
*125v 121,1
*9698%
•
'
M;S
♦1st ft ref 6s series
'
109% 111%
43% 64%
,43% " 43-%
1
.Michigan Central—
"1st gold 3>4s.
8
Aug
Mar
12%
4
Feb
13
69% Jan
Oct
July
77
"
9i,i
*49i2
105
106
■
110
*173
«'
9%
29li
9%
^13%
15%
*51
2012
175
*110% 115
«*.'"•} '/•
*'
2
9
*107% 117% *107% 117% *107% 117% *107% 117%
:
26
26
*20
*171"
,
J"68.% "78%
iii%-nn%
v
I § ♦Met W Side El (Chic) 4s. -1936
•
.•
104%
104%
Metrop Ed 1st 4 %s series D...1968
Metrop Wat Sew A D 53^s;..;i950
v''».*>•,
101
29%
9%
48%
,1 13%
5%
a,
6%
*5%
>4
*50% "51%
*105
**.
,
85
•
*73
*105% >105%
V
40
100%
.
#
14
*50% 56
%
:i %.
2's
2%
*'»»
J
McCrory Stores deb3%(—.... 1955
McKesson A llobbins 3J4s
1956
*
53%
.:■
Mead Corp 1st mtge 4>$s__.._1955
Jack Lans ft Bag
53
43%
40
98
98
-
*108
.
♦97%'-
Stamped.
110
*107>2 117%
85
rj 29%
9%
9
16%
*14
*13%
29%
*28%
9%
9
49
15
V
106 !•> *105
9%
29
*15%
49!
'14'
5%
*108
108% 111%
108%
■
*28%
9%
48%
109% *105
23%
22% - 23 • 1 23
109% *108% 109% *4 09
23
*108
16
16
*84%
.1960
Jan
1% Jan
3% Jan
National Power A Lt. .No par
National Steel Corp
25
50%
28%
28%
9%
28%
*28%
15
Gen mtge 4>is series A
6%
3,200
2%
15%. 15%
278
8%
f
*13%
13%
v
109% *105
*105
*5%
Manila RR (South Lines) 4s.;.1959
1
3%
112
28% Jan
63
Jan
17
Nat Mall A St'1 Cast Co No par
National Oil Products Co
4
69%
<
•
6%
■■; 72'
32
5*2%
"9
6%
*13 '
6%
13%
*71%
74
3
*2%
*8%
9
*8'%
6i2
*105
83
86
88
108%
Manatl Bugar 4s s f_...Feb 1 1957
15%
Oct
Dec
%
1
3% Jan 20
2
Oct
Jan
79% July
Feb
9%
9
7% Jan 2 >
12% Jan 30
25% Jan 20
Jan
Jan
4%
Dec
115
4%
5
1,500
34
6
51
169
15%
*31
98
110
87%
1945
52
3
Jan
;
45%
112
Dec
108% June
36 li
par
Nashv Chatt & Bt Louis... 100
National Acme Co
1
Nat Automotive Fibres Inc._l
6% preferred
"
70
2%
50%
? 6'
s
6
He
69%
*13
104%
.
80
2
80
-
*:•
Liquidating Co.No
Nash-Ktlvinator Corp
Nat Cash
*155
50i.»
5%
9
Maine Central RR 4s ser A
Feb 27
Jan
"
110% Jan 6
28% Jan 27
40
Jan 30
11% Jan 7
58% Feb 18
108
Jan 26
100
2,800
i 14%
34%
*2%
106%
2
li)60
1955
Jan 16
125
Dec
Jan 13
Jan
9%
17% July
38% Jan
Nov
105%
1%
Apr
37
Dec
34
Feb 16
Jan 14
50
par
13%
104%
103
Atl Knox A Clfic Div 4s
86
Feb 16
2
2% Jan
Nat Bond & Share Corp No par
National Can Corp........10
200
1,600
*6'i
86 %
2003
1950
1952
5
Feb
118% Feb 17
Jan 15
37
30%
ei
Dec
Feb 27
25% Jan
No par
1,000
6,100
1,100
*5812-.- 62
0
93%
MobA Montg 1st g 4 3^8 .... 1945
17
Jan 17
No par
4%
15
v
9
*71
95
Unif mtge 4sser B ext..
,.
200
14U
5%
8%
100
Unif-mtge 3 Ha ser A ext.
••
100
100
9
5%
50%
105%
1st A ref
•
2,500
165%
*33%
108% 110
1st A ref 4s series 1>._;..;.2003
,
300
1,009
3%
6%
8
15%
17
84%
,
19
South Ry Joint inonon 4s
Jan 14
Deo
29% Sept
Mar
% Ja 1 26
2% Feb 27
13% Jan 19
91
Jan
7
117% Feb 10
2
12%
70% Fob 27
115
.1
Nabco
110
14%
,15%
13
gold 3s...-.1080
2
Feb 27
23
100
5
*66iz
96%
Paducah A Mem Dlv 4s..i_-1946
Feb 24
%« Jan
1% Jan
1
16,400
17
97%
103%
St Louis Dlv 2d
8
22% Jan 2
6% Jan 2
10% Feb 13
...No
13
12
2
5
Munslngwear In<?
Murphy Co (G C)
5% preferred
5
101
Morris & Esscx..^....
50
Motor Products
Corp..No par
57 preferred
Jan
Oct
6%
Dec
Dec
Aug
33%
Feb
4%
41%
106%
3%
66%
117%
10S% Feb 11
Motor Wheel Corp
Mueller Brass Co
Mullins Mfg Co class
14
24
121% 122%
95%
3%3 series E
par
Jan 24
10%
29% Jan 15
30% Jan 16
7% Jan 14
23%
2
71
Dec
16
Preferred series B...No par
$4 preferred series C.No par
Montg Ward & Co Inc.No par
Morrcll (J) & Co
No par
4%
14%
14%
14%
165% *155
163%
130
130
130% 130%
17%
17%
17%
H7%
115
114
108%
105%
103
2003
$4.50preferred......No
Feb 24
60% Jan
10
2%
137
Louisville A Nashville RR—
1st A ref 4J-jS series C.
5
Jan
Murray Corp of America. .10
Myers (F E) & Bro
No par
*131
i
,
15%
1414 14%
*158" 166%
l>.
122
Lou A Jeff Bridge Co gu 4s
1st A ref 5s scries B_—.*—2003
-1
9
;07%
,
122
121%
82%
108%
*7%
*159
-
96
91%
95%
3%
*6
16;
102% 103%
103%
95%"
*121
Louisiana A Ark 1st 5s ser A--1969
25% Jan
Feb 20
2
No par
200
141-4
*33
95
1951
<-
1,306
5%
4%
9%
21 1
116
•
103%
1949
5s debenture
--
g-
41.1
104% 105%
114% 115
121% 123
100% 102%
'
122%" 122%
106
♦102%
7s...,;..1944
-
Lorillard (P) Co deb
-
38
*2%
165»2
*2012
58%
51%
58%
105
■
5
38
38%
"loo
17
*15i?
40 %
116
*114%." 115
Guar ref gold 4s. .;.-...ii*.._194U
5
14%
59%
112
14%
32%
39
1950
Long Island unified 4s.1949
4%
*38
200
5
33%
32%
57%
116
•Long Dock Co 3%s ext to
i
*58%
*110
58
*16%
2%
,
478
39*2
*13%
13%
60
112
*14%
15
-»4124%
*13
13%
V
.
34
Little Miami gen 4s ser A.-,-.- .1962
47S
Feb 21
62
64
35%
1951
1*12%
*58%
15U
*156
42%-
40%
-
15%
.
30%
1952
600
2%
*56
7%
*7>4
65
.
*9
Lion Gil Ref conv deb 4Xs
2%
2%
58
6%
32%
Libby McNeil A Libhy 4s
1965
Liggett A Myers Tobacco 7s... 1944
2.600
3%
<
1965
24%
1712
*6
58,
■64""
53
l*x A East 1st 50-yr 5s gu
24
500
24
*3%
57
64" "
4Kb stamped modified..
2003
4 >is registered
....2003
2003
Leh Val Term Ry ext 5s...... 1951
24%
*23
*16%
;
5s stamped modified.
24%
4%
78%
68
64
64
.
660
7%
10%
1,300
10%
*110
*38»s
ton's
27%
*7
2%
112
*110
27%
7%
10%
i 58
*1212
13%
*58
-60
is
28
7%
10%
23
100
<
68',
*60
Lehigh Valley RR—
4s Htamiwd modified
j
.2003
4s registered.. ..........2003
Closed—
■-.%
Washing-
6,200
44
27%
i
68
•
40
26%
i
2%
*2%412
75
75
72
-.1974
-
95%
80%
.
lOQr
*75%
Leh Val Harbor Term gu 5h.._ 1954
—
.
67%
*75
6sfltamped.i-t--^w.——1974
68
.
10
20
Dec
Birthday
2284
.1964
f 5s
95
79
1954
2,000
5
Nov
8% Sept
109% Jan
9% July
82
July
27% May
3% Feb
21% Feb
98
Mohawk Carpet Mills.A...20
Monsanto Chemical Co....10
Corp...
110
70% Mar
5
5% Jan 12
7% preferred series A...100
15% Sept
Dec
Dec
5% Dec
101% Apr
2
35% Jan 2
103% Jan 19
No par
800
9%
103
32
Jan
Jan
9% July
37% Sept
77
67
71%
..i.T954
Exchange
26%
$6.60 preferred
25%
26% Dec
77
*95
Lehigh A N Y 1st
■
70
j
j
•
4%
39l2
40
7334
'As A—1954
Stock
24%
--#2%~
v-f*■ > ,
■>>.'% /*
f 5Ui..i-i^...l964
Par
4% conv pref series BT..100
Minn Moline Power Impl
1
109% Nov
DeC
Jan 27
5% Jan
Jan
Aug
Dec
6
54
2
Apr
107
Feb
131?
3
26
No par
Minn-Honeywell Regu.No
103%
v
4
7% Feb
■
22% Feb 20
.<■
1st pref...k.._luO
4,000
t
.271^ 2734
>634 - 7*8
*1014
1034
24%" 2434
.*234
2?8
:•
10%
*12i,i
f 5s
cum
%
70%
115
115
44
*24l2
35
117
26i2
*38i2
s
Merch & Mln Trans Co.No par
Mesta Machine Co...
5
8%
12%
Feb 19
24
50
2%
12%
70%
109
*1-15
•
5s stamped
90
2%
*106
registered.--, -i ...—.1997
1st A ref
2,900
40
104
2%
*105/109
Lake Eric A Western RR—
7.';■ •-v/v,
180
8
5
Jan
Dec
16
Feb
19% Jan
300
,
7% Jan 14
108
14% May
72
Midland Steel Prod
20
101
11% Feb 27
108% Jan 30
Dec
72:
4% Jan
5
3
Jan
Dec
Dec
8
26
1
:
15%
28
90
6
Jan
share
per
56% Sept
2% Jan
Dec
Jan 23
13
123
*101.1
5scxtc»ded at 3% to
i___1947
Lake Sh A Mich Sou g 3^8—1997
,
MengelCo (rbe).u.
5% conv 1st prcf...
Jan
1
68
Mld-Contlnent Petroleum..10
*118
,
Cons sink fund 4 34s ser C..1954
Lehigh A New Kng RR 4s A..1965
gu g 4s.—..1946
Lehigh Valley Coal Co—
5s stamped....
^^.1944
300
400
6
40% Dec
32% Jan 19
69% Jan 22
par
5,503
123
1942
s f 4
\.....No par
S5.50 prof ser B w w.No par
Melville Shoo Corp.....
..1
13%
116
1942
Lehigh Coal A Nav
Mead Corp
7
9% Jan 2
104% Jan 3
6% Jan 24
103% Feb 5
13%
19%
*118
27
1942
1975
Highest
$ per share $
share
108% Jan 6
17% Jan 13
2
S% Feb
% Jan
Miami Copper..
*115
ref A ext 5s.l939
Lautaro Nitrate Co Ltd—
♦1st mtge Income reg
oonv preferred.....i 100
14% Jan
per
14
Feb 17
107
1.300
*11812 120
I
Coll A ref 5>^s series C—-...1953
Coll A ref 5J-$s series D-.—1960
3
1
9
12% Feb 25
6%
2%
*%
2%
13%
70%
/
i
*115.> 117'.
99% 102 i
26%
Coll tr 6s series B..'
100
56 preferred series A.No
400
*2%
*64%
% 1078
13%
>
*40
Coll tr 6s series A...
""500
-5
*100
40%
104
*103
2%
McKesson & Robbing Inc. .18
Jan 12
9% Jan
,
1
*6%
13%
21%
40
40%
*2%
21* %■ 2%
*
103% 104%
104 %
:: IOI 34
Year (1941)
Lowest
46% Jan 7
1% Feb 2
17% Jan 10
90% Jan 28
10% Jan 6
Jan 30
90
par
5'4% preferred...
MoLollan Stores Co._.i
6%
26%
*109% 110
Ref A ext mtge 5s...
300
200
27
6%
39% Feb 26
1% Jan 5
Mclntyrc Porcupine Mines..5
24
22%
27%
6',i
:
McCall Corp
......iVo
McCrory Stores Corp
$
16
McOraw Kloc Co
...1
rl
McCiraw-IIII! Pub Co ..No par
4.800
6%
-
10
No par
•; 6% conv preferred...... 100
900
*24
21%
*19%
101
100% *100
40%
65
26%
25
4
104% 105
*10'%
106% 106%
105% 106%
{♦Kreuger A Toll 5s ctfs......l959
Range for Previous
Highest
5 per share
...No par
200
79
4%
May Department Stores
Maytag Co...
S3 preferred
800
69
22%
*26%
23%
27
26%
*6%
*72%
*68
*24
25;
•13-v
3.t
*105
{♦Laclede Gas Lt
1,200
11%
6%
79
Par
'v-/:.
•:«
95
*83%
Kings County El LAP 6s...;.1997
Kings Co Lighting 1st 5s.
.1954
Hoppers Co 1st mtge 3J$s. .._1961
Kresge Foundation 3% notes..1950
*68
47g
*23
,
i
2%
64%
69
26%
*24
105
.*2%.
79
*6%
*72%
'.*4«4
.
39%
105
11%
11%
■v-i/
$6 1st cum pre!.....No par
"V.iof)
105% 105% *105% 106
6%
26
101
39%
41
11%
11%
*68
21
,
101
*214 1V 2%
85
91
*89
ioo
; *9%
*72%
28,
«%
*20
73%
*3912
Kentucky Central gold 4s...-.1987
Kentucky & Ind Term 4^8—1961
Lowest
,1,900
12%
*6
25
13
13^8 -'*13*2
108% 108%
-73 '4
108%
47„
*27%
6%
111% 111%
40%
42%
72%
108%
1
On Basis of 100-,S7iore Lots
EXCHANGE
""
19%
: *0%
6%
61,1
6%
*6%
6%
*100
*100
105
104
*100
104
>22% 24%
28
6%
*89
91
11%
26%
*24
2434
*26%
39%
11
; 9%
105% 105%
79
69
,
.
4%
24'
*24
-
*68
434
24
39%
1%
39%
*1%
*17%
01,1
6%
*26
43.i,
<fc M Ry ref g 4s..1936
♦Certificates
6%
.
26%
26%
39%
1%
i 17%
12%
105
79
68%
*72%*68
K
*100
105■
*100
t*K C Ft S
Shares
Range Since. Jan.
STOCK
Week
$ per share
$ per share
19%
*89
,9%
12%
,11% 11 "2
*104% 106
*6
6%
11
105
t.y
Kanawha* Mich 1st gu g 4a.-.1990
Feb. 27
{Feb. 26
the
91
*9%
*12%
12%
12%
12%
*101% 105
*101% 105
*101% 105
*101% 105
15
*1514
15%
15%
14%
15
*15%
15%
*6% i 7 *
? •■•7
7
67«
*7
67„
7%
*31
30% 31»4
31%
32%
31%
*31% 32%
r
*
i *17
91
9%
12%
*10134 105
15%
155s
87
97
44 W
1
197«
*89
12%
Istlien&ref6J*s
1947
Int Telcp & Teleg deb g
4>$s._ 1952
Debentures 5s
955
1972
Friday
Thursday
40
40
*1% ,:L 1%
:
1%
*17
9%
12l2
-
40
:
; *1%
1978
911
*89
28%
103% 104%
104% 105%.
■%.;
IntRysCent Amer IstSSB
I per Share
40
40%
*1%
15%
11%
21%
105
Feb. 25
Feb. 23
40%
11
104%
Feb. 24
$ vet share
15%
15
25^
Wednesday
Monday
High
11%
IX
Tuesday
$ per share
Saturday
!5'/s
104 X
104 %
1955
No. Low
15%
15H
STOCKS
NEW YORK
for
1
Jan.
Feb. 21
t*Inter-Great Nor 1st6s ser A. 1952
♦Adjustment 6s ser A...July 1952
Sales
Since
Asked
&
LOW AND HIGH SALE PRICES
Range
or
Friday's
Bid
*115
>47%
1
-
47%
142
......
5%
*55%
2,100
57
*20%
21%
*46
55
1,900
*115
47%
5%
55
---
6% preferred..
Otis Steel Co..
$5.50
-
•
conv
1st pref..No par
Outboard Marine A Mfg
Preferred
.
2,500
.„.100
No par
Outlet Co..
-
47%
No par
5
140
2
Jan 29
4% Jan
2
51
Jan
20
Jan 24
2
79
Jan
9
3% Jan 28
13% Jan 28
142
Jan
6% Jau
61
2
9
9%
Dec
140
-
3%
Feb
9
40%
6
16
45%
100
Owens-Illinois Glass Co.12.50
Feb
22% Feb
No par
_.v.
2%
120
45% Feb
9
54
Jan
3
June
10
104%
Jan
Jan
6% Sept
17%
150
Jan
Jan
Dec
10%
Apr
60% Aug
June
Dec
Mar
38% May
26%
56%
120
Jan
Jan
Oct
Mar
52% Dec
•
Y-/Y Y : Y--Y
THE COMMERCIAL & FINANCIAL CHRONICLE
898
2, 1942
NEW YORK BOND RECORD
NEW YORK STOCK RECORD
Friday
'
Sales
LOW AND HIGH SALE PRICES
: •
STOCKS
,1
Range Since Jan. X
for
Monday-.
Saturday
the
;
Range for Previous
Feb. 21
Feb. 23
Feb. 24
Feb. 25
Feb. 26
Feb. 27
$ per share
$ per share
$ per share
$ per share
$ per share
Year (1941)
WQ-Share Lots
V:„
Shares
Lowest
Lowest
Highest
$ per share
Par
5 per Share
Highest
*18
1534
90%
8%
600
Pacific Amer Fisheries lnc._.6
*538
6
170
Pacific Coast Co
20%
1958
19'%
370
No par
No par
Pacific Finance Corp (Cal).lO
Pacific Gas & Electric.
25
20%
12
12%
12%
11'
1134
680
11
20%
11%
11%
105g
11
1038
1058
*10%
1034
2.900
18
18
18%
18
18
18
18%
2,000
27%
2758
27%
*2734
28%
600
17%
2734
18%
27%
16
27%
1734
■I734
177«
17%
1734
91
88%
89
88%
88%
11
*85
8%
53.1
21
*7%
11 84
20
8% Jan 27
6% Feb
21% Feb
7% Feb 11
4% Jan
10
18
1st
preferred
2d preferred-.
Jan
10
13
Feb
Jan
12
Feb
17% Feb
20
Jan 15
Jan
7
Y
Apr
Dec
11%
Dec
28%
Jan
Jan
Dec
40.
11
3,300
Pacific Mills.
No par
1334 Jan
Feb
Dec
18% Feb 25
:Y5<F
Pacific Telep & Teleg
100
170
6% preferred---T—....100
Pacific Tin Consol'd Corp...l
1% Jan
Jan 17
Jan
40-year 4sseries
r
| ^ a.
2
148% Jan 19
51
2%
*15%
1 *2
100
*90
100
110
*734
17,100
Packard MotorCar....No par
2,000
*5%
200
Parafflne Cos Inc .....No par
25
99
*90
99
*90
1438
H5«
*106:, 110
1484
110
Corp_5
Pan-Amer Petrol & Transp..5
Panhandle Prod & Ref......l
5% Jan
1% Jan
14% Jan
3,700
1 %
1%
*24
25
Pan American Airways
8
*734
8
.1%
25
100
14%
*106
2%
157s
■.;
1%
1®8
25
*90
1434
14%
*106
110
2%
15%
1%
5%
15l«
8
*1%
25
5%
2%
•2
2%
1534
*734
D8
26
*90
14 lo
1438
*106
8.
*734
*25
251
•■
2
15%
5%
5'<s
*5%
1%
1,300
100
1 %
1%
1'2
155S
2
1 '2
1 lo
5%
2%
1578
3 57«
8
*734
*24
1 %
1%
*5%
2%
157S
*5%
.
1 %
1%
112
284 Jan ' 8
2
534 Jan
1% Dec
4®4 Dec
1% Dec
10
Apr
7% Jan
% Feb
19% Dec
163
6,700
1434
14%
100
109
109
Pacific Western Oil Corp.u,.10
4% oonv preferred..
Inc
,
8
Feb
1
Jan
2
22% Jan
6
26
3
100
9834 Jan
100
1
6% 1st preferred
100
Paramount Pictures
5
2%. Jan 6
1738 Jan 20
8% Jan 9
1% Jan 27
2
2
3
Feb
2
Jan 27
99
114% Feb
6
May
10
15% Feb
1334 Jan 17
Jan
7
108
Fed
Feb
9512
.
106
Jan
16% Dec
115% Dec
1«4
184
*25%
25%
*16%
17
134
1814
*52l2
53
*52i->
6678
67
18
25%
17
1678
)%2
16%
19
18
1834
53
52
,53
"
67
67%
67
67
238
2%
2%
*2
2»8
15g
4134
15s
*1®8
1«4
4134
*40
14
*125«
42«4
*39
187S
9,400
53%
67%
2%
1.600
200
Penn Coal A Coke Corp
1%
200
Penn-Dixie
*2
2;%
4234
42
*39
14
,
-•
1%
1»8
.
700
100
23%
2388
,23
2314
*1934
20%
23%
*i978
2338
20%
20%
*1978
20%
*1978
20'"
44%
41%
*44%
45'2
*44%
45
44%
44%
1%
17%
*1%
1%
*1 %
1634
1638
*1%
,16%
44%
*1%
4434
*1%
16%
17
*6% Y 7\
48
48®4
16%
.*6S4
48%
49
300
26 '2
2534
2034
630
23
2234
*6":'
7%
46%
46%
46%
17%
63.1
463.,
25&s
2512
2634
17
*25
Exchange
30
2958
40
*36'4
^
*10
75%
1%
-47%
7%
48%
26
26i2
*6
263.1
25
.
-
v
:
500
.
6,100
•
too
738
25
Jan
I.
Apr
Jan
3
2% Feb
1%
2
1
Dec
2
44
$7 conv prefser A...No par
No par
13
3
Jan
Jan 28
34% Apr
11% Dec
Feb 19
13%
50
Feb 16
20
5
42-Y Jan 29
PeoplesGL&CC (Chic)4100
% Jan 3
{Peoria A Eastern Ry Co. .100 7
16% Feb 18
Pepsi-Cola Co
.-1
Jan
6
6
Pere Marquette Ry Co
100
46% Feb 21
5% prior preferred
100
23% Jan 2
0% preferred
-100
Pennsylvania KR
,
Jan 21
Jan 21
108% Feb 27
10734 Jan 15
18% Jan 2
100
„
Feb
4
DcP
,.1738 Dec
23% Jan
6
~20
46% Jan
1% Jan
5
21
3
24
108%
7% Jan 24
51 •■%. Feb
Closed—
10%
106
Washing¬
27%
28%
118
27 M
25'/$
284$
284$
3M
28%
3%
10
3%
28%
189
27 M
28%
137-1
IM
214$
28?$
23
28%
28 M
18
23 M
284$
218
214$
25H
K
214$
25 M
*
♦Certificates of deposit..
-17
27% Jan
,21
lDaMay
Jan
2704 Oct
7% Apr
2434
*24%
5%
6%
*5'"
5%
*0%
584
400
Petroleum Corp of
Amer....5
24%
5% Jun
2
6
Jan 13
5®8
*514
57S
*538
57«
*5%
578
100
Pfelffer Brewing Co...No par
5% Jan
2
6
Jan
4% Dee
x29%
29l.t
29i->
29®8
5.500
Phelps-Dodge Corp..25
39
38
38
500
*74%
75
74
74%
Philadelphia Co 6% pref._.50
$6 preferred.
No par
*23
10
106
29
2938
28S4
*38%
39
75
*72
*934
10
69i4
69%
106
*105
76
*978,
69%
71
*67
Pet Milk Co.k..No par
3S%
38
75
10%
934
69%
*67i4
*23I2
.;■■• 50
,10
300
Phllco Corp.
400
Philip Morris & Co Ltd
69%
105
105
700
*7
105% 105i2
8
10'.)
233s
Dec
47% July
69
76 34 Jan 30
9%
Dec
35%
40% Jan 14
Feb 11
Dec
3234 Jan 14
Dec
91
'
1034 Jan
7
Fell 21
75
Jan
6
107
Jan
7
105
6
9
Jan 27
43.1
Jan 22
78
Jan 17
51%
41% Jan 2
2% Feb 13
3534
1%
69
Jan
Jan
July
12%
72
104% Feb 18
10
May
7%
3578
5
73'% Feb 11
_—_3
.
Preferred 44$% series... 100
7
2834 Feb 26
Jan
2
38
8% May
Dec
Jan
89% Sept
Mar
110%
Dec
May
May
Feb
Dec
Eeb
9
Aug
77
§*Mo Pac 3d 7s ext at 4% July '38
8
Birthday
80
*74
3678
*1«4
73.1
73.4
37
3638
361.1
36%
361.1
36%
9,200
184
13.!
*134
2i2
*134
2%
20.1
2%
134
48
46
46
*46
*17
177«
1734
173.$
*3io
,*5%
*61
••••
*3%
6
4.
-
32
32
67
67
9
*83S
9
*3%
49
10
18
209
*97% H8
4
*3%
4
-
,
33%
*32
32
"
......
.Y..-..
200
,500
6
6
66'2
*6034
Phillips Jones Corp
6% Jan
No par
70
.100
7% preferred
Phillips Petroleum
No par
Phoenix Hosiery
5
Pref erre d... .—...—..100
35®4 Feb 25
1-% Feb 25
Jan 21
-45
Plllsbury Flour Mills......25
Pitts C C & Ht L RH Co... 100
15% Jan
3
100
3% Jan
31% Jan
5% Jail
60
Jan
2
8
6
6
8% Jan
8
56
Feb 13
2:38%
66%
66%
10
Pittsburgh Coal of Pa
.100
6% nreferred
Pitts Coke & Iron Cnrp.No par
$5conv preferred....No par
62
23%
109%
2%
Oct
Dec
109%
46%
4%
Dec
8%
MN
141 is
21
29
•28
1?$
294$
264$
284$-
*28%
486
28%
9
24H
28?$
86%
6
804$
86?$
51
27%
2
454$
52
:
28
•
86 M
86%
51
3
101?$ 1044$
4
102%
102%
O
A
1905 A O
3®4S-1966 J D
1094$ 110
1U!4$ 112?$
103?$ 106
109%
J
*
ext..-.1951
Mountain States T & T
3)^8..1968
1947
83
106%
35% 43
35% 43%
31%
38%
106% 108%
116
112
67%
104%
102%
103
67
69%
103% 105 '
102
102%
102% 104%
41
42
43%
38%
42%
43%
37
38%
D
106%
MN
Mutual Fuel Gas 1st gu 5s
29
*80%
Constr M 4series B.:...1955 MN
./
10
105
42
MN
A—^...1955
Constr M 6s series
112 U
104%
104%
110
112
110
D
*112
112
N
A...1978 F
Nash Chatt & St L 4s ser
Jan 21
64"
Dec
84
9% Jan 14
6%
Dec
15
Aug
Mar
166
Oct
181
Feb
Jau
A
D
1960
J
M
A
O
{♦Naugatuck RR let g 4s
1954
67%
101%
S
National Steel 1st mtge 3s
1949
1965
MN
Z14b...
104%
102%
"mH
102%
90
*86
119% 119%
5s. ..1948
J
IJ
{♦New England RR guar 5s.-.1945
♦Consol guar 4s
..1945
J
J
68
67%
69%
56
69%
J
J
65
65
61
56%
65%
Newark Consol Gas cons
New England
1st gs 4
120
120
119% 120%
121
A
1986
N J Pow & Light 1st 4^s...._1960
New Orleii's Great Nor 5s A..1983
NO&N E 1st ref & imp 4^8 A 1952
New Orl Pub Ser 1st 5s ser A.. 1952
1st «fc ref 5s series B...
-.1965
New Orleans Term 1st gu 4s...1953
121
121
107%
78
1954
♦Certificates of deposit
82
"
80
82%
105% 106%
100%
106%
106 %
106%
10f5%
105
76%
77%
72
77%
39%
37
40
43
39%
37%
43%
42
34%
43%
38
42
43%
45
39
40%
39
4*%
77 M
A
O
*34%
a'o
43
— .
♦1st 5s series C-.-_........1956
b"
A
42
»
♦Certificates of doposlt
♦lst 4H* series D......i...l956
FA
41%
♦Certificates of deposit
♦lst 5%is scries A......
♦Certificates of deposit
V
75%
76%
78%
79
♦Certificates of deposit
1st 5s series B..
107% 108
107%
107%
78
124%
80
*75%
11
{{♦N O Tex & Mex n-cinc 6s..1935
♦
120
*115%
Tel & Tel 5s A..1952 ./ D
series B.i
..1961 MN
N J Junction RR guar 1st 4s...
Jan
68
29%
28'
J
Jan
6% Jan 15
A
Morris & Essex 1st gu3>$8....2000 J
Montreal Tramways 5s
Jan
Dec
% Feb
27%
29
28 M
1960
1st mtge 4
O.n
734
27
4
36% Feb
34
6 debentures...-..i:—.
Montana Power 1st & ref
July
Dec
6
3
1%
34$
Monogahela W Penn Pub Ser—
46% Dec
3% July
13
18% Feb
■
32
6
*5%
67
*61
*46
*1778
*97%-118
6
*5%
80
1734
1 7-®4
;
*7212
49
*46
34
*32
5r,8
5h
*61
49
1778
*97% 118
4
*3%
*97'2 118
4
34
80
*72%
*1738
*32
40
78
3534
*40
*97% 118
>
78
37
36'2
2%
8
*7
78
*71
*
8
*7
28%
•
Mob'k & Mulone 1st gu g 4s... 1991 M S
Monogaliela Ry 3,%sser B....1966 F A
July
ton's
*7%
29
27 H
4 1%
I
Nat Distillers Prod
38
5r,s
O
1981 F
Na't Dairy Prod 3Ms debs...;.
Dec
•
.4
♦Certificates of deposit.....
Apr
603)i July
29% Jan 24
27H
M
1M
29'
MN
*27 M
Aug
i J)ec
41
1949
;.1980
25
c
M
28
♦Certificates of deposit
♦Conv gold 5!48---♦
1st & ref g 5s series H
♦Certificates of deposit
♦1st & ref 5s series 1
25%
30% July
7
1978 MN
♦1st & ref 5s series G
52®4 July
17% Aug
112*2 Mar
54
J
Sept
Dec r/ 2% Aug
i2
214$
31?$
15
Jan
.18% Dec
4% Dec
5%
30%
106
•
.3%
7M
Y
28 M
•
-
".r-
36%
5
Jan
Dec
304$
21
100
30%
UVh
28%
64% Sept
89% Sept
3% Aug
Dec
2
Jan
14%
43% Mar
73 v" Dec
.
,-
Jan
20
■388
29 Y
J
A
s
'
293
31%
15
30%
B..-1962
4)^s series D.....1978 J
F
Oc
20%
Dec
63g
20% Jan
55%. Jun
80% Jan
Peoples Drug Stores Inc
1%
30%
Dec
%
•
*5%
10
69:
69
106
»%
Dec
24%
,14%
Y
1% Jan
38% Jan
2
10
Cement...No par
5% preferred
Jan
,«Dec
1
;
>2 Jan
,
18.'
2 :;i
i.l14'% Apr
2
*3034
Stock
5?8
*5%
25
*24
5^8
5-r>8
634
-
Penney- (J C) Co..J—No par
Penn G1 Hand Corp
Feb 19
15% Jan 12
•% Jan 15
13'% Jan 2
51% Feb 26
66
Jan 21
...No par
Penlck & Ford
Jan
2% Jan 14
29% Jan
17% Jan 27
5%
25
*23
*74'
<
*1258
17
25
2.50
Parker Rust Proof Co
17
Jan
1% Jan
ParmeleeTransporFn.-No par
Patlno Mines & Enterprises. 10
1878
*108
■
No par
Parke Davis A Co
67%
*19%
14
i i;'-. *108
'«
17
*511-
14
*12%
108% 108% v>: 20
23%
23% 11,700
*12%
*108
*108
1
Mines....1
19%
; *1%
14
200
)%»
Park Utah Consol
52%
*2
ih
42%
1678
*®8
.*
67%
18%
51%
*n2
*40
25%
900
)%=
'* 67
*2'4
*125s
5" 400
1678
1678
*s8
'•
Park A Tilford Inc
1®4
25%
78
253s
25%
*16%
!%!
25®«
.
*®8
18%
I84
3
*134
.
*15%
18%
*15
18%
1%
I84
2538
*25i8
*16%
*88
18%
»8 -
*3g
*15
18%
134
35 X
30 M
35%
1965
>■.
*15
18t8
*15'
24 %
34 H
•
Jan
'
40H
41*
35 m
*Certificates of deposit...—
♦General 4s
,1975 MS
♦1st & ref 5s series F
....1977 M S
1% July
Jan
High
9714
30^
1
"
•
—1962
*lst & ref 5s series A..
'
19% Dec
10
07M
455
97 M
■
38M
{Missouri Pacific RR Co—
.<■•
Aug
37%
97 M
40^
O
Jan
934 Aug
3% Jan
.
D
-
A
4%
.
J
J
Since
Jan. 1 k
No. Low
High
Low
J
Range
Bonds Sold
Asked
&
1967
'''
*
Rid
(Con.)
♦Cum adjust 5s ser A...Jan
19»4 Aug
126
'Jan
147% Apr
2
15% Nov
Price
31%
14%
Prior lien
f
Jan
95
31
101
.
4%
6'%
•
27% Feb
88% Feb
141% Feb
May
17%
26%
6
No par
,
1238 Sept
734 Nov
25% Nov
Apr
Apr
7%
134
Pacific Ltg Corp.
*84% 89
141% 141%
141 % 141.%
144
*141
144
*141
144
*141
*7%
6
*5%
20
10>4
101s
18%
28
15»4
901#
*2712
8
534
5io
18
20*2
10%
10%
*7%
8%
5i2
f>>2
♦17V8
*
734
-8
Friday's
{♦Mo-Ill RR 1st 5s series A...1959
Mo Kan & Tex 1st gold 4s....1990
Prior lien 5? series A
*5
Ranae or
Sale
Week Ended Feb. 27
MiHSourl-Kansas-TcxasRR—
*7%
Last
j||
STOCK EXCHANGE '
Railroad & Indus. Cos.
%. per-share $ per share
.<
,
Week's
|
bonds 1
:
;
Week
% per share
On Basis of
•
N. Y.
EXCHANGE
Friday
Thursday.
Wednesday
Tuesday
NEW YORK STOCK
AO
>3%
~ini
41%
41%
34
44%
42%
36
37%
43%
40%
1954
41%
41
38
45%
37
42%
Jan
Newport & Cincinnati Bdge Co—
*83s
*161
*161
174
*17334 175
*4% i 43j
■
*
*434
5%
174
*174
175
434
171-
*174
175
5%
', 4%
419
*6
*8% % 9
9
*8l2
174
*161
175
*161
43.1
514
9
*8%
"
■
-'
.
:2
-
*174
47«
*1%
*5
51,1
174
*161
u
Pittsburgh Forgings Co,.
1
Pitts Ft Way A Chic Ry Co 100
30
47„
309
5%
400
57
100
340
55
55
55
55
56
56
26%
26%
27
27
27
27%
27%
27%
2738
27%
07
67
67
67
6684
67
66%
67
66%
66%
180
*91.1
10
*9%
10
938
*9%
10
*9%
10
100
*1'8
1»H
1%
♦1%
*14
14%
*14
*1612
17
♦16U
*16%
434
11%
*11
434
11 lo
*412
11%
7%
7%
7%
77«
*7 Ojj
814
*7%
8 >4
27l2
43
28
•
2712
437k
115
44
*734
*4%
11%
7%
8%;
*734
115
■
♦26-
2884
-.
44%
53% Feb 18
26% Feb 20
Poor A Co class B
1,600
Y
9%
Jan
■7
J
5
4
Dec
Jan
6
45%
Feb
65
Jau
33% Jan
3
24%
Dec
43%
2
70
Jan
2
10% Jan 26
Feb 14
51
V
Oct
-
75i?
Jan
Jan 22
17
9% Jan 7
7% Jan 31
13
Pressed Steel Car Co Inc....l
7% Feb 10
Dec
15
164.;
Mar
•k May
: Jau 15
17
June
16
1278
13
13
13%
77%
*76
OH?
92
92
*90%
100'% 100%
*9178
93»4
*100% 101
100
100
91 lo
117
116
117
*134
11434
114
114
.
24%
21
56%
♦113U 116
8%
8%
8io
9884
♦98%
98®4
89%
•89%
♦89%
90
♦i0%
10r>8
10i2
-
8%
*96
10%
21%
24%
8%
-
-
98%
91%
91
8%- Jan
3
1997
3^8 registered..
>
J
Lake Bhorc coll gold 3Ma —1998 F
3 Ma registered
1998 F
10%
Pub Ser El A Gas pf $5 .No par
Pullman Inc......... .No par
8,000
Pure Oil
8%
98%
90%
90%
300
*10%
-
8«4
98«.t
8%
8%
8%
98% *98- .9834
90
4*89% 90%
1034
10%
10%
-
*89%'
200
2,700
10%
01,100
400
■
(The)!..
6% preferred.
6% conv preferred.
Purity Bakeries
,i..
.No par
A
Mich Centcollgold3^s....l998 F
A
F
A
July
3>$s
registered.....'.....1998
Jan
73
62%
96%
80%
67
98%
91
10
93
95
99%
11
62%
14
11%
40% Jan
61% Sept
r
.120
July
299%-Jan 14
29%
Dec
Dec
110-
New York
Chicago & St Louis—-
1974 A O
1978 M A
to—1947IA O
debentures.......i.._i.l950i/ D
Connecting RR 3%s A...1965 A O
lst mtge 3 %« extended
6«
N Y
N Y Deck 1st gold 4a..
-
.
...1951 F
113% Feb 26
24
Jan
2
8% Fel) 25
116
Feb
2
114
Dec
26% Feb
4
Jan
137,..... Jan
Dec
2
1
19%
7
Feb
'
x9 41\ Mar
-8334' Feb
12
,
Feb
Oct
-
Dec
107% Dec
.-95% Aug
'
Dec
8'2
tT'
O
.1965 A
o
99%
62
76%
76%
76 %
106%
107%
23
107%
107%
107%
118
118
118
.1949 F A
112%
112%
113%
{l*N Y Ac Greenwood Lake 5a.1946 M N
N Y & Harlem gold 3 %s
2000 M N
60%
*104%
55%
54%
9
9
*834
9
9'
.
*8%
i
9
-
200
9
.
Quaker State Oil Itef Corp. .10
8% Jan 12
2
91^ Jan
12%
Oct
-
.
y'
12% July
Apir
8%
"55%
Y
2-%
m'4 —j
4S
—
2'%
45
2%
284
50! 1
284
51
*8512
*2&8
501.1
*85%
-2%
*234
♦44
46%
16%
.
10!;'
984
16%
934
*24%
14%
25h
*2434
14%
13%
*2534
277*
*21*4
23
*163s
*9%
2%
50%
.
284
51
*23,*.
y,.
-234
258
"2%
(
*
,
*51%
*85%
234
2%
234
2%
8,700
52%
400
234
52
...
*51
*85%
*85%
U
1st lien <fe ref 3%s ser E.
a
O
1948 J
D
,-.1960
N Y Gas ElLtII & I'owg5s...
•V Purchase
money
gold 4s
.
N Y Lack &. West 4sser A.....1973
5
4%8seriesB
'.i..^i.-;-1973 MN
*N Y L E & W Dk & Impt 6s_il943 J
J
"266
2«4
*
46%
*44
*44
4634
*161o
1634
*151% -1634
♦j.6%
I684
9»4
*9%
934
*14
91
934
9%
25%
13%
*13%
*26
27%
*26
.27%
*22
23
*22%
23
*9%
25
25
46%
-
conv
6%
""406
7
Radio -Kelth-Orpheurn
conv
preferred100
25
400
*13io
13%
600
*25%
♦22%
27%
23
1.7(J
*1 lo
1%
25
-
-
300
"766
4% 1st preferred
4% 2d preferred
2%
Jan
26
Feb 21
45
Reading Company,.......50
27%
22%
-
2% Jan 2
49% Feb 18
1st pref..No oar
13%
25
13%
♦25%
22%
*3.50
Raybestos Mauhattan-. No par
Rayonler Inc-.
__i.__l
13 preferred
....25
-
25
.141.1
Radio Corp of Amer...No par
3% Jan- 6
54%,Feb 3
15% Jan 2
9% Feb 19
23% Jan 5
13
Jan
2
24% Jan 9
50
.-...50
;
20% Jan
2
>% Jan.
46% J;tn
2
v>.
11% Jan 16
.
'.-
,
834
Dec
.'23
15% Jan 28
27% Fel) 2
10% Dee
?, 2213 Dec
23
•
Feb 13
19%
.
Jan
,■«'
Y.
'88- ..Dec
Y
v 3®4-. Jan
l
5612* Oct
v'21% July
:
>
18% July
29% Aug
Dec
26% Fob
18% July
♦Convdeb3%s......^.._.il956 J
•'♦Conv deb 6s.; a
-4-- ii 2.1948 J-
•.<,♦Debenture 48.,.u.-vY.v ...1957 MA
>
*lst & ref 4 %s ser of 1927. y. 1967 J Lt
17K
1%
*li2
*1%
*1
.1%
%
*40
55
*40
55
*40
55
*40
*.3%
16
15
15
15
15
-V
*14%
*7%
*11
71.
13
*7'4 •' 7%
♦1034
13
9
9
60
60
♦59
60
*43
45
*43
44
87«
*2»4
87K
3%
17%
17%
*98%
■983.1
*82
5%
125
*66%
83%
5%
125
69
3
3%
17%
17%
9834
99
*82
83%
5»s
5%
125
125
69
*67%
738
7%
7'2
7%
*82%
84U
82%
82%
3h
334
25
*50
25
50%
334
334
734
7%
*4
4-%
16
♦4
9%
*9
*44
46%
-<
17%
| *98%
*59%
{♦Harlem R & Pt Cb lst 4s^l954
MA
{♦NYOntA West ret
-*
g 4s.....1992 M S
♦General 4s........^...1955 / D
{♦NYProvABoston4s..
NYA Putnam 1st
Jan
7%
7%
83%
82
*3%
*4
46%
*44
For footnotes see page -00.
%
83%
8
*%
7-%
*81%
7%
--4
7%
82
4
7%
82
81%
5,600
25®4
25%
4
26
26J.J
50
50
734
73.1
•
>7%
*15%
8%
4%
16
9
9
46%-
*44%
46%
%.
*s16
16
9%
*4
•
50
-
Jail 14
Jan
6
1%-Feb 3
48%. Feb 13
16% l'el)
7% Feb
.
100
Reo Motors vtc new
Republic Steel Corp...No par
Apr
Dec
34
Dec
6% conv prior prefser A. 100
230
430
:,900
70
4,600
conv
Revere Copper & Brass
7% preferred
5%% preferred.-v.,
Reynolds Metals Cd...No par
54$% conv preferred...-100
Reynolds Spring...
1
—
Reynolds (R J) Tob class B.10
-Feb
4% Jan 14
19
3
99
96% Jan
81'2 Jan 6
5
Feb 10
Jan
8
100 zl!8
67% Feb 20
100
5
48
■
!
7% Feb 19
5
3*% Feb 21
81 >2 Jen
Jan
2434 Jan
2
27% Jan 27
50
2
54
Richfield Oil Corp.__.-No par
7% Feb 17
9-
8%
100
Ritter Dental Mfg....A'o par
7% Feb 21
8% Jan 16
No par
16
Feb 19
5%.Jau20
17% Jan 14
1,200
Rustless Iron & Steel Corp... 1
9
Feb 10
10
f2.50 conv preferred.No par
44
6
47
*44%
4%
Roan
16
9%
46%
........10
Antelope Copper Mines.
Ruberoid Co (The)
{Rutland RIt 7% pref
100
Jan
334 Jan
Feb
6
% Feb 17
Jan 27
Jan 15
.Jan 21
Jan
2
% Jan 26
67%
Jan
61
con gu
97
2234- Jan
,101% -Feb
97
;-Jan
Dec
11
Apr
129
6%
Dec
75%
Dec
95
4
Dec
10%
60
»
Apr
a
22%
Dec
49% Dec
7% Feb
6
Apr
34%
Jan
Jan
Jan
Aug
r9%
Jan
:
5%
21
56%
100
28%
31
27%
51
194$
204$
184$
30
31%
49
19
31 '$
30%
31 %
68
19%
31?$
.-27
19
28M
234$
37%
v
33
27%
28%
"35%
"50%
37%
384
504$
74$
51%
"54
^34"''
>9
5%
8 4$
78
55
344$
30
26t
11
79
-
5%
5
1?$
L
47% •47%
109%
109%
J
V
32
32
4s...1993 A
N Y Steam Corp lst 3%s.1963 J
{{♦NY Husq k W 1st ref 5s i'.
1937 J
56%
64
100
29
%
35
14$
9
284$
29
*100
.
"40?$ "52*4$
34$
84$
,"214$
314$
:... 73 •
794$
.
44$
U$
64$
U$
99
*99%
N Y Rys prior lien 6sstamp. ..1958 J
73%
104%
30%
•■-27%
O
{♦2d gold 4%s..!
1937
{♦General gold 5s..:.j.;;._1940
SLMVI W
;rtu
IT
Ui/Utii ai
«
105®4
F
*•
105%
30
F
47%
""7
103%
6
99
39?$
48'$
■
1094$ U04$
106
106%
105%
14
30%
10
*1%
A
*10%
•**
♦Terminal 1st gold 5s.....:. 1943 M N
N YTelepho
e3%sser B...i.l967
J
J
J
106
105 4$ 106?$
294$
31?$
76" 7 34$
"ii%
80
80
75%
81
108
108
108
11
141
108
83
108%
3 %
4 %
109% 109%
4%
109%
110%
I
101%
102%
11
26 %
4%
110%
26%
10
23%
26%
1955 A O
Niagara Share (Mo) deb 5%s.. 1950 MN
4%
109%
26%
7
24%
28%
28%
*25%
J
Niagara Falls Power 3 %s_i.;_ 1966 M S
Nlag Lock A Out Pow 1st 5s A
{ i♦Norf South 1st A ref 5s. 1... 1961 F
♦Certificates of deposit
i.
% *Ctfs of dep (Issued by
26%
25
28%
27
'
"iio%
42: .Nov
..
1
102
A
reorgan¬
ization manager) 5s
1961
♦Ctfs of dep (issued by reorgan¬
ization manager) 5s._._._1941
Norf A Western Rv Lst g 4s..'. 1996 O
North Amer Co deb 3 %s1949 F
Debenture 3%s.
1954 F
Debenture 4s
.1959 F
Jan
Nov
1434 Aug
4834 Jau
Dec
Dec
July
63%
2% Dee
%i
.
-12%
1434 May
8%
52%
109% 110%
Jan
.
Sept
8034 Sept
1538 July
--
60%
Apr
334 Dec
•
Aug
Dec
4%
8% Jan
85% Jail 19
5
-.
'.77.'
3
Jan 20
4% Jan
Jan
••10 % Nov
2i4 Dec
96
128% Feb 26
74
•12%
■
14% Dee
S634 Jan 23
6% Jan
,
119%
112% 115
62%
4
1942
{{♦N Y West&Bost 1st 4%s..1946
2
-Feb 24
50
Common.,
•
30
Nov
Nov
9% July
Apr
7%
53i2
700
-
53.
16
Dec
9%
2
*4
>2% Sept
Apr
6%
-Jan
734
*15%
7
9% Jan
*7%
-
Dec
.22% Mar
12% Feb
61
■16% Jan 21
preferred..*.-^100
6%
1,900
2
2
59% Feb 25
38% Jan 6
2% Jan 2
12% Feb
8% Jan
Preferred with warrants..25
*7%
-
9%
Jo
10
Remington-Rand
100
700
26%
*48
7
150
99%
83%
50
,4%
*15%
9
\o
*98%
J
8
4%
,
4
4
13.
Rensselaer A Hara RR Co.
"766
17% -17%
17%
9834
;1738
98%
48
*83
83%
5%
51
5%
5-% » 5%
5%'
128 , 128% 128% *128- 129%
127
71
I 72
72
*70%
72
I
70
9%
■
*
83% >83
Jan 15
39
1
37
..
700
300
3
1% Jan 13
2—.'...160
Reis (Robt) & Co 1st pref.. 100
Reliauce Mfg Co...
9
3
...l.
;
Reliable Stores Corp...No par
59%
*43
3%-. 3%
17%'
99
Preferred..
620
15%
7%
13
9
48
>
51
59%
60
*44
3%
*7%
16
*10®!
9
59%
734
.
♦44
*%
*3
*7%
s
*7%
44
*43
8
*15%
*9
14%
7%
13
8%
25%
50
*7%
*15io
59%
15
*1034
7«4
734
7%
7%
13
9
9
25%
50%
25%
*50
7-34
*7%
*1034
"
*40
51-
-
*7%
Real Silk Hosiery..
107% 108%
118
"
.
Y
24
Deb
28%
J
> -6s registeredri-.-..1948 J'J
I ♦Collateral trust 6s
..1940 A O
2734 Aug
>
J
N Y Queens El Lt & Pow 3 %s.i 1965 M N
*11,
1
100
100
{N Y New Haven & Hartford RR*Nou conv deb 4s.1947 M £ '31
♦Non-conv deb 3 %s..'-iiii. 1947 M g '-28 %
♦Non-convdcb3%s
....1954 4 O
28%
./
t
♦Non-conv deb 4s
-.
2.^1955 J
30%
l/N
♦Non-conv deb 4s
i 1956
30%
62%: Jan
-
Dec ]
-38l2 Mar
,14%. Dec
9
17 -; Jd,n;28
Dee
^ Y Dec
•
t-4%
2% Dec
47%
:--:85
20
Y.
104
62
02
....
$5 preferred B..„...No par
..
78
106% 108%
NY A Erie—See Erie RR
'
R
*49%
71
60%
.iYl..
M N
99% 100%
6 %
60%
10
106%
Y
*834
'
29% July
Dec
Jan.-2
101% Jaa £
9t%'-hm2o
10% Feb 25
168%
117%
94
99%
62%
a
Jan
Jan
123%
Dec
117
9'4 Jan
.No par
554$
564$
13
'..75%
.92
14% Jan 8
86** Jan. i4
10
504$
.....
115
106% Dec
7
5
...
317
9
Jan
57
98%
6
Jan
5
54%
*4914
66%
Jan
84
51
56%
80%
Jan
96
78?$
60 4$
58%
*51 %
53 %
98%
111
....100
55
73%
79%
123
.o.ilOO
79 4$
73?$
75%
73%
58%
75
J
A
65 '4
24
Feb
74%
1
1
rj
66%
<
Jan
.
N Y Cent A Hud Itlver 3Hs... 1997 J
>
80%
115..' June
116
14
5t '$
Ref 5%s series A....
21% Dec
i 50.
Dec
.._„10j
6% preferred....
7% preferred....J.. .^..100
8% preferred...i.. ....100
01
Ref 4%sseriesC....j
6
850
494$
Jan
3
200
178
1312
Jan 24
300
59
M
Dec
52
v
58
Y
29%- Jan
102
51?$
58%
MN
Y
11*?:
91
-
*100
-<• 103
50
Oct
Feb 16
Jan
2
'77% Feb 25
191
Feb 27
Feb 25
100
187
Jan
Feb 1 <
-il2%
58%
13%
42
S5 preferred.....'.. .No par
56
l>ec
115
Pub Serv Corp of N J., .No par
97
454$
5%
•
.
5% Pf (ser of Feb 1 *29). 100
100.
51%
93
293
6%
8t* Jun;? 3
Procter & Gamble.....No par
2,100
50
58
53
Jan
3,400
771
-
65
97
51 %
Dec \ 8 3g
Feb ) 13%
3%
7
"766
13
-*75'4
•
11734 .11784 117% 117%
116
113% U3% ♦111
241
a24% .24% ; 24%
11734 1173.1
24»4
241.1
*97
*'
*13
78
13
77i2
*76
*116
2-4%
13%
13%
79»i
13-
79»4
56 %
96%
51 %
...1947 a
*7678
55%
96%
434
5% Jan 13
Feb
1% July
?
Dec
13%
6% conv 1st pref.........5
5% conv 2d prel.'l
50
25% Feb 10
1946
Ref & lmpt 4 VSsseries A....2013
Ref <k Impt 5sseries C..;...2013
Conv secured 3,tfs_........1952
July
Mar
1% Jan 20
14% Jan 28
16% Feb 10
4% Feb 13
Y
6
164
1
*107
56
4s series A..1998
10-year 3%s sec s f
Jan
61
Jail
13% Jan 13
.1945
Gengtd4^s
».
N Y Central RR
>,
Jan
6% Jan
8
No par
Postal Teleg Inc pref..No- par
Jan
7%
334 Dec
Jan 14
5%
65
—-5
1,100
117
117
4% Jan 2
5% Feb 13
140
2834
4434
*27%
44% -41%
116 -117
-
Plymouth Oil Co
8%
44%
115
174
Pond Creek Pocahontas No par
11%
7%
*784
163
Feb 25
Pittston Co (The).....No par
17
434
434
11%
.*7io .-7%
28%
44
115
*16%
Felt 19
175
No par
400
14
o
*41
i 8%
*26
44%
v
XU5
*16%
Jl%
7%
Pitts Screw AB)lt
200
1%
14
*11%
434
7%
>1%
13%
17
13%
17
*4®8
J%
*1%-
.14
14'
17
*43g
*26
1%
*1%
14%
*1114
115
938
*55%
-
165
Feb 25
7% pref class B
...100
5% pref class A
Y—100
5 4$% 1st ser conv pr pf.100
Pittsburgh A West Va..-.100
Pit Youngs Asht Ry 7% pf.100
55
*54
Feb 19
Pittsburgh Steel Co...No par
*4%
5%
.5%
100
7% preferred
165
175
Aug
For footnotes
see
page
901.
101% 103
-
"102
A
A
A
A
126%
103%
126%
1?6%
126% J 28%
103%
103%
102%
102%
103% 103%
102% 103%
103%
103 li
103% 104%
Volume
Friday
BONDS
H'eefc's
imst
Range or.
Sale
Friday's
fe-S
N. Y. STOCK EXCHANGE
Week Ended Feb. 27
Price
Rid
to
Asked
A
f.
Jan.
Railroad & Indus. Cos. (Cow.)
North Central Ren A ref 5s. 1.1974 If s
I Cen & ref 4 %HserieB A
1974
£
rI Northern Ohio Ry-*♦lst gtd
* 1st
'
g
Low
Silurday
1
Mondr)
5s..„......;.. j_l945' A
Low
No
113
"5
cellation of guarantee) ....1945 A
99
99
99
3
O
]•'
♦Certificates of deposit..
99
30%
:
4s registered...
1.1997
..
•74%
|
Ref A impt 4 Vis series A
3s registered.-.'...
...2047
..
2047
(Minn) 1st ArefM 3%s.....1967
A
3034
1st intge4s__...
1st mtge 3%s
j
......1967
......1972
Elec 3%s.---1966
Oklahoma Gas A
4s debentures....
41
42 4.
7%
-1...
*5'«
109
L
102%
con g 4s
1946 ./
J
J
J
;
Guar stpd cons 5s
Oregon-Wash RR A Nav 4s...1961 J
.I
Otis Steel 1st mtge A 4%b
J
jOre Short bine 1st cons
g 5s
1946
1946
1962 J
*1UI8
*114%
*108%
105
5
108
32;
56
13
3
109
3
107%
I
104
,
1104 1114
1024 1024
44
12
l
1st A ref mtge 3%s ser
1st A ref mtge 3His ser
H.1.1961 J
I..'..1966 /
1)
1st A ref intee 3s
.....1070
107"
*2%
/
I
1st A ref M 3s series K...^.1971 J 13
S*Pac KR of Mo 1st ext g 4s..1938 F
§*2d ext gold 5s
1938 J
Pacific Tel A Tel 3%8 ser 11... 1966 4
Ref mtge 3'^s series C_
1960 J
1
30
44
85
58
i
*6
A
*57
6%
57%
'I'M
-
------
Panhandle East P L 3s B.....19C0 MA
107%
4
*4%
1*3214
104 4 106
78 4
12U
121.1
*1%
\
1955 F
1st M s f g 3s loan ctfs
A
>
Parmelee Trans del) 6s........194s
1
O
•Pat A Passaic G A E cons 5s.. 1949
If
F
59%
100%
48
C
D_
1942 J
.1944 3
*95
Guar 4s ser E trust ctfs,..-.. 1952
!,
i.
4 An
series B
Penna Power A
—
.....
1974 V
Pennsylvania Rll cons g Is... 1943
Consul gold Is..
I
*24%
*24
11
20
.......
104
10
102%
6
59%
100%
48%
100%
83
13
120
*115%
3'2G
12%
105
J
994 100 4
*2%
107%
4i
107
85
*103%
*1,8%
i
2.5%
19%
25%
109%
i
*3%
4
i
"41*33-1.1
41
■
109%
109%
109%
93 44
93%
44
.4
Ul A
121%
121%
15
10r%
104
104%
5£
110%
110%
13
93%,
5
•
General 5s series B
1968 J
/
1 )ebenture « 4%3.—
1970
t
O
90
90
91%
48
1981
1
General 4%'s series 13..
1984 J
Gen mtge 4 %'n series E
Couv deb 3 %s............. 1952 \
O
9) %
99%
99%
99%
49
...
J
O
Peoples Gas L A C ref 5s.. —1947 M A
Peoria A Eastern 4s ext
I960 4 O
♦income 4s............Apr 1990
Peoria A Pekln Un st
Ap'
51974 F A
Marquette 1st ser A
5s... 1956
J
'....1956 J
1st 4s series B....
93%
-*■
86%
General g 4 4s series C.
J
......
112%
112%
15
44 A
43%
44%
7
......
1
13
J
61
......1949
28
116
107
105%
16
4
105%
gold
Feries G 4s guar
2%
2%
100%
»
:z
Gen
Pitts Coke A Iron conv
Pitts Steel 1st mtge
449 A. 1952
4s guar.'.. 1943
Pitts AW Va 1st 4 4s ser A... 1958
195;)
1st mtge 4 48 serieH B
1960
1st mtge 4 43 series C
Pitts Y A Ash 1st 4s ser A.i_. 1938
1st gen
1st gen
4
5.3 series B
58 series C
13
....
.......
103%
O
;
62%
62%
•
6
/.
I
.-
A
1974
%
i
■_
.
13
1977 ./
*105
103%
99
-
„
62%
62%
'62%
*107
1st 44s
1st 5s extended to
Potomac El Pow 1st
...
v.
»
1
...J
1
-
*13%
1'4
1
119%
^Providence sec guar deb Is.,
improvidence Term 1st 4s.....
Public Service El A Gas
3%s_.
J
1951
J
1st A ref mtge
J
•,
.
......
195/
VfN
1956
If fc
5%
......
1968 J
J
..
5s
lst A ref mtge
83%.
*105%
J
1966 J
.
2037
8s
.
*18
111 3 4s.
f deb 5s
107%
95
62%
"*9
63
*3
;; 24%
161%
1948
564
63 4
21%
58 4
64 4
*4%
18
109
119%
48 series B
3 4s
4s.
1951
A
O
1997 J
J
199/ J
J
1956 J
5%
85
1094 112
52
95
6
85
109
"9
1
7
109
.....
108%
*103%
24
Gen mtge 4
1%
i *32
4s series C
1950 af N
•150%.
1%
July
%
Apr
57
49% Dec
4% Dec
Jan
5
6% Jan 27
10
Jan
3
7%
60
Jan
6
48%
Jan
34 July
17
/
July
384 July
7834 Jan
10%
Dec
2
Dec
Jan
1434 July
;
7D4
Jan
106
4%
51®
5%
*3%
73
81%
82%
81
99%
102%
28
105
81%
14
99%
13
10
5%
11
105
105
105%
20
103
103
103%
10
1%
1,000
3
100
51%
13S
12%
12%
18%
18%
5
*3
*3
24%
24%
221-1
*4%
22%
24%
21%
4%
434
21%
35%
95
SI0R8 Sheffield Steel A Iron. 100
$6 preferred j
No par
Smith (A O) Corp
1....10
par
36%
5%
3%
5% preferred..
100
Mobile A Ohiostk tr ctfs 100
11
Feb 17
2034 Jan
13% Jan
Feb 17
17
15%
Feb 21
7
conv
Jan
Jan
6
9
Jan
15
Feb
4
1338
Feb
18% Nov
5
7%
Dec
10»4 July
Feb
xl3
June
23
139% Jan
5
14434 Jan 27
2034 Jan 10
120
Aug
150
Feb 18
300
1,103
52
52
52
900
12.3
110
4%
13%
4%
1334
3,300
1%
1%
1234
600
400
18%
400
400
484
18 s Feb
47
8
Jun
Feb
19% July
36% Nov
19% Feb
23% Mar
1
May
9
Jan
5
17%
Dec
Dec
27% Apr
54% Aug
No par
34
Feb 11
36% Jan
5
56
Feb
9
60
3
3% Jan
40% Jan
2
4% Jun 6
45% Jan 14
38% Jun 6
5
32 i4 Feb 17
100
preferred
H3i4 Feb 1
45% Jan 31
par
2
Jun
114
2
Jan
i
Mai
6% July
69
July
'22
July
3')34 July
38% July
,
60
Dec
3
Dec
6%
Jan
34%
Dec
31%
Feb
57%
40%
Aug
Dec
111
Feb 11
49% Jan
Oct
3/%
i
Dec
6
Mar
27% J an
13% Sept
1434 Aug
Jan
11%
5
60
*18%
1
6
Jan
II734 Aug
i 48% Deo
47% Dec
No par
$6
cum
$7
cum
prior pref
prior pref
No par
No par
Standard Oil cf Calif
.No par
.
25
par
10
Stokely Bros A Co Inc.
Stone A Webster
1
No par
Studebaker Corp (The)
1
Sun Oil Co
1
No pat
Class A pref (AA% cum) 100
Sunshine Mining Co
100
Superheater Co (The)..No par
Superior Oil Corp..
Superior Steel Carp
J
100
Sutherland Paper Co
10
Sweets Co of Amer (The)..50
Swift A Co
.25
24%
21%
5
"4",000
400
Symlngtou-Gould
4%
100
Talcott Inc
1,500
13 <8 Jan 2:1
.19%
Dec
Dec
27%
Stewart-Warner Corp...
6,200
5
16%
xl ()
5
8
pref A......No par
..2
Sept
2% July
Aug
s
Dec
Dec
1%
13
26% Jan ^6
6
1,200
5
Jan 23
2
31% Jan
Starrett Co (The) L S..No
Sterling Products Inc
4
4%
2
15«4 Jan 16
Jan
"20% Jan
1,400
100
25% July
8% Jan
Feb 25
Standard Oil of New Jersey.25
Standard Oil or Ohio..
25
5
*4%
112
23% Jan 23
Spiegel Inc...
..
114
1%
3% Feb
Standard Oil of Indiana
4%
*21%
6
3
18.300
1,200
.
Oct
Feb
2
2% Jan
Square D Co
conv
Dec
.1
Conv $4.50 pref.
;
111% Dec
14% Feb
Jun 28
Jan 26
Dec
2
21,800
36'«
27%
.>2%
4434
5%
5
*3%
223%
Jan
112
19
Jan
2
348.4 Jan
1% Jan
$5.50preferred
..No par
Spencer Kellogg A Sons No par
Sperry Corp (The) v t C.....1
Splcer M/g Co........No par
600
4%
12%
18%
100
9
10%
No par
Sparks WlthingtOn
Spear A Co
300
3%
4%
123
26
Feb 26
91
110% Jan
7,300
*30
24%
Feb
21%
23%
xi7%
21%
4%
18%
300
4434
53#
*3%
4%
3
1%
8%
10%
28
24%
28% Jan
22% Feb 17
103%
%
1%
8%
10%
32%
*21%
Oct
Jan 29
""3%
44%
4%
22
No par
22
18%
9
Jan
25
$4.50preferred
No par
Standard Gas A El Co.No par
$4 preferred
.No par
21%
35%
*31®
Jan
2% Jan
30% Nov
Standard Bra ids
20%
Jl8%
5
24%
Nov
21,100
1C%
123% 1231 *123
124%
5
4%
4%
4%
*13%
14%
13«4
13%
1%
1%
*1%
1%
*12
12%
12%
12%
191®
*18%
1
5%
52
51%
3
Squibb (E R) A Sons..No
5
"
6
1% Feb
"""466
20%
Jan
13% Jan
3
$5 pref series A
"l"
Jan
21%
Jan 29
230
700
Dec
5
1
$3
900
Jan
1634
12
hi
5%
43,
1138
Dec
40
_..Aro par
hi
378
42%
5%
Dei
6% Sept
10
Slmonds Saw A Steel..No par
Skelly Oil Co...
15
200
104% 106%
21%
4
4%
5
3234
6
59
11% Feb 17
3% Jan 3
~
1%
*3%
10%
28
Dec
33% Jun 3
1434 Jan 2
4% Jan 14
55
20%
5%
14%
.1%
1
4
100
-
*2%
2 4
;
a
34i®
2%
33%
33
11%
*5%
6
8%
*7%
43
2%
*37
2%
*8%
2%
33
Swift International
Ltd
Corp
1
(James)
5A7o Parti; prof....
*2%
*2%
3
10*410221,,
*47%
*3%
50
3%
*3%
3%
334
33%
33%
33%
*32i®
*2%
3l.i
*2%
3%
6
*6
50
*48
'
3%
*6
1124
6%
25%
25%
126* 121"
•
*%
V ■'
*9t®
't-
:'
251®
-9
*91®
9%
94%
.*93
30%
30
37%
4
.102 4 104 4
984 100
"624
644
644
60
64 4
5
5
Jun
6
Feb 20
110
Feb
Jan
2
Jan
Jan
7
1% Jan
2
:
6%
Dec
334
108
8
,%«Jan
Jan
113% July
June
% Nov
,
1%
Jan
6
%
Dec
4% Mar
Feb 18
11% Jan 14
Dec
Feb 10
21% Mar
2214 Mar
13% Jan 14
8'4
10%
2
2 2% Feb
5
17% Mar
Feb 25
27% Jan
6
25% Mai
18% Jan
21
42%
31% Feb 25
33Li
26% Feb 10
3484
3038 Jan 8
56%
42% Feb 26
6
.5% J an 2
4%
3% Feb 11
4 * Feb 10
5%
5%
3-84 Jan 2
5534
r50% Feb 24
12234 Feb 3 126
5%
4% Jan 2
15%
13% Feb 11
1 % Jan
1%
8
33
Jan
33
De
25% Nov
31% July
46% Dec
48% Aug
Jan
29
Dei
40
Jan
Jail
51
Dee
66
June
Jan
!
_
J an 2/
5
Jan
3% May
De,
8 ft
3''S
Dec
8%
66%
50
3
3%
6
Dec
9
Jan
Dec
21
Jan
Dec
Dec
2'% July
18% July
23% Jan
5% Aug
1934 May
16% Dec
,24% Sept
1%
Dec
9%
16% Nov
3
23% J in
19% Jan
4% Jan
5
2*5
Jan
26'
2
2
2434 Jan 28
4% Jan
32:4 Feo
1% Feb
5
434 Feb 25
3;% Feb 2
Feb
10
5% Jan
5
Jan
Doc
July
; 12%
3
19% Jun
July
126
J
9
Jan 14
1334 Jun
Apr
.117% June
Jan 14
Jan
834 Jan
G% Nov
Dec
4%
,
9
Jan
Feb
4%
Jun
Feb 21
Fen 11
12
Dec
Jail
173s Feb 13
9%
*
784
%
%
66%
5%
5%
1,200
Texas Pacific Coal A Oll.w. 10
5%
5,100
Texas Pacific Laud Trust
11%
2,500
Texas A Pacific Ry Co....100
*7%
8
42%
100
6%
8-
•
39%
61®
9%
9-%
20%
3%
..
39
39%
9%
9%
20%
38
50
50
3%
3%
$3.60
34
210
Preferred
10U
600
Thermold Co
..1
370
%o
*9%
•
3%
25
Aug
7% July
Dec
3~500
9%
94%
34
94
31%
32
1,800
37%
.37%
38%
2,900
3
*4
•
9%
9%
6%
6 >8
6%
2,400
3%
30%
3%
10 %
95% Jan
34% Jan
43% Jan
Tlmken ltaller Bearing.No par
29
10 %
Tra;isainerloa Cirp
37% Feb 21
8«4 Jan
$6 preferred
>3i« Jan
11
2
61% Jan
3
Truax-Traer Corp
Truscon Steel Co
.No par
10
6
11
■«
Feb
De.
Dec
6% Mai
% Dec
Jan
Jan
Jajn
18
Jan
117s
Dec
99% Dec
35% Sept
;61% Jan
5% Jan
17% Jan
107s Aug
(
2
Jan
Dec
75
Jan
Jan 19
4
Feb
Feb
9%
7% Sept
11% Aug
Feb 18
7
Feb
6
11
Jan
6
"4.266
934 Jan 27
$1.50 preferred.No par
7% Jan
19% Jan
2
1,100
2
2234 Jan 2/
1,100
Twl.i City Rapid Tran.No put
1% Jan
2
3% Jan 13
3%
Jan
CO
1
11%
9%
38
Aug
6684 Feb 25
20%
20th Gen Fox Film CorpNo par
1%
913 Mai
4
July
6
34
Dei
8%
Sept
4%
I
Dec
%
95% Aui
27% Feb
3734 Dec
4% Jau
10« Feb
3
1
...No par
Trl-Contlnental Corp..
3% June
24:% Nov
Jan
Sept
Sept
40
Jan
7
Jan 13
Feb
9
*3
*6
0
108
i'i» Fe.)
7
5
20%
9%
39
5
Jan
Feb 18
30
38
1<)
27% Jan
ITansue A Williams St'l No par
400
2,500
Jun20
Feb 26
Jan 28
6%
6%
6%
Feb 25
15,6
11%
5%
9
11%
20%
Dec
4
67%
9%
1%
..2
11%
7g
*20
334 Jan 12
Transcont'l A West Air Inc..6
*66%
*10
2
900
11%
'%«
*10
Jan
9134 Jan 20
10
Detroit Axle
May
Jan 19
Jan
$1.50 conv pref.....No put
Tlmken
cum
38
2
1.100
66%
5
Dec
9%
%
Jan 28
4 38
Dec
44%
438
60%
5%
July
,: 10%
2
*
Dec
June
3%
30
4%
60%
*11%
38
*6%
4%
9%
5
32
3 )34 Feb 2,
8% Jail 2
9% Feo 26
400
31
50
7
734 July
6% Aug
14
2
preferred.No par
Tide Water Associated Oil.. 10
$3.50
9%
Jan
*
Dec
4% May
38% Sept
Dec
534
9% Jan 21
'284 Feo
46
30% Dec
5% Mar
334 Feb
Jail 16
5% Nov
38% Aug
334 Jan
'9% Sept
Dec
Jan
Tboinpson-Starrett Co.No par
9%
34% Jail 14
6% Jail 6
6
3% Feb 13
100
*92%
30%
*4
41
x25
Thompson (J R)
Dec
41% Jan 20
Tnompson Prods Inc-.Aro par
'""166
Feb
2
Dec
6
Jun 27
6% Jail 2
41% Jan 20
100
25
Third Avenue Ry
34%
3
1134 Feb 2.
30
$3 di v ccnv preferred
9% Jan 16
33% Jail 6
2
2
Dec
1%
2
284 Feb
1
3% May
27
3
Jan
10
lO"
9%
...No par
2% Jan
7% Jan
1,200
io
:V
The Fair.
No par
4
1»>
10
No par
pref
"loo
-25%
*9%
conv
3
25%
34
Thatcher Mfg Co.
7
Feb 25
2% Jan 2
3.'% F b 13
5 s Feb 25
5
1
50
*2%
x25
20%
a.',3'v
3
*38
*6
11%
303.)
0%
6%
*10
7%
42%
6%
6%
11%
5%
5%
*6
6634
6%
-
Texas Gulf Sulphur...No pat
*2%
11%
"16
*10
1,0,10
31,4
9%
11%
*33
*2%
4
9
11%
*20
6%
4
67%
9i|
19%
39%
87
37%
"6%
3%
.
37%
4%
8
Texas Gulf Produc'g Co No par
...
2
33
Texas Co (The)
1,200
33%
2%
37%
92%
30%
37%
5
25
8,900
2%
35
34
3434
3%
6%
25%
9%
92^4
..5
10%
*%
*66%
'
200
8%
Telautograph Corp
Tennessee Corp
5%
*2%
*48%
3%
*32%
10
*11%
6%
11%
19%
91®
30%
9%
.
%
C7l
*6%
*10
1194 1194
-
*9%
11%
he.
8%
""•400
2
11%
*38
25%
30%
'
4%
-91
*9%
3. ,11%
A '
*%
*66)4
25%
*1,
"
*9%
9%
3%
34
95
'
',37%
4
1
10
-9%
941®
*29%
994 103
25%
'*16
*1®
•
10
9%
6
50
*48
50
*1%
9
.51
a'B
6%
,
;
33%
5%
8
3
2%
39
11%
7%
5%
42%
*4
*32
8%
34
33%
11%
*38
1%
2%
6
10%
*7%
43
•
8%
33%
2%
4%
39
*1%
8%
5's
*
*4%
*32
33%
*5%
,
1%
34
33
5%
11%
8%
5%
'43i
43
*llo
8%
"
2%
11%
10%
*32
1%
*81®
34
*5%
'I
4%
4%
43
1%
2%
33%
5%
,5%
2 4
102 4
*4%
*32
1%
8%
34%
40'4 Feb
5
Jan
May
9% Sept
24
16% May
6
16
Dec
Dec
134 July
Feb
a4
27% Sept
130
7% preferred
10()
21% Jun
2
6%
300
Twin Coach Co
1
5% Jun
2
6% Jan 29
31%
8%
6B.t
600
Under Elliott Fisher Co No par
28% Jan
2
33% Jan 20
1.600
Union Bag A Paper. —.No par
Jau
2
9% Jan 5
7484 Jan 3
11234 Jan 12
111 184
Jan
1234 Jan
79% Sept
11534 Nov
6
106%
Dec
112% Sept
1384 Jan 29
11%
57%
73
Dec
16
Dec
Dec
8578
9
Dec
38
4% Dec
>9%
Jan
1074 IO84
934
3
80
U
954
6
31
80
1104
:.
■
*
31%
884
884
*30
8%
63%
64
....
46
*33
*30
4
35% Jan 21
35%
321,,
5% Jan 20
32% Jan
6,100
*33
27%
4% Feb 17
11% Jan 2
16% Jan 17
31% Feb 10
6,100
3,300
443,
Feb
par
5% Nov
Apr
Southern Pacific Co...No par
Southern Ry
jvo j\ar
19,000
""406
■34%'
3%
51%
12% Jan
191®
*111
Jan 15
5934 Feb 27
10% Feb 17
65
*50
5% Jan 2
55% Jan 13
18
26%
35%
55
7
par
par
Southern California Edison.25
Southern Natural Gas Co.7.50
500
26
*50
Sharpe A Dohme
.No
$3.50conv prefser A.No
Shattuok (Frank G) ...No
"3",500
*19%
10%
27%
5
*13%
43
*8%
34
63%
109% 109%
■*103% 104
1084 1094
103
1044
*110
31
'
31
31
8%
8%
63% 64
04%
64%
63%
112
*110% 112
112
*110
8%
*103% 104
834
104
8%
104
*164
105
12%
74%
12%
12%
12%]
121®
12%
12%
12%
743,1
74
75%
74%
74%
74%
75%
803«
80
80%
11%
11%
79%
*10%
y 20%
'
29%
29%
30
*29
;
9634
*1038
97%
*10'18
10%
»
67 4
734
824
794
82
984 101
102 4 104 4
1044 1054
794
103 4 1044
283S
•
;
*10%
.29
28%
97%
101®
97%
29%
97%
79%
*1034
80
11%
29%
29%
97%
'
•)
29%
2934
97%
*10%
29%
11%
10%
20
11%
42
*18
11%
107
42%
20
page
930.
600
10
15%
15%
16
16
16%
conv
;
5% preferred
7/% Feb
5
100
7834 Jan
9
81% Feb
6
No par
10% Jan 16
26
Jan 14
28 8
100
5
No par
100
Feb 20
95% Feb 18
10% Feb 25
10% Jan 3
105
Jan 12
United Carbon Co
-No par
37% Jan
100
Unlted-Carr Fast Corp.No par
17% Jan
%a Jan
2
7
2
14%
2
8,400
United
Corp< ration
Jan
121.) Feb 16
6334 Jan 2
Traisport
United Biscuit Co
108
101% Feb 20
pref w 1.
les
9
500
9.600
1534
5%
Uu Air i.l
Feb
25
United Aircraft Corp
1,500
2.800
103
100
4% preferred
5,600
8
63% Feb 19
No par
Union Tank Car
lO'
107
Pref $1.50 series
1~2O6
98',s
%'
15%
:
Union Oil.of California
Union Pacific Rll Co
Union Prem Food Stores Inc.l
29%
31%
*18
15%
Union El Co of Mo $5 pfNo par
'
98
41
see
Union Carbide A Carb.No par
600
31
20
14%
3,100
97%
'
For footnotes
100
1,100
30%
29%
41
20
70
110% Ill
>104% 105
12%
12%
75%
75%
11%
*18
20
63%
S.iCO
80
15%
*18
Its
8%
*78
10%
10%
10%
10%
11%
11
11
11%
110
*107
106% 110
41% 41%
41%
*40%
10%
10%
*106% 111)
3
791
41%
*40
».
29%
,10%
10%
* 1001® 109
,.
14-^8
11%
1% Jan 10
14* Feb 24
*53
11
*30%
44%
*123% 124%
"32
Fo> footnotes see page 901.
13% Jan 5
3% Jan 23
Mar
112
Jan
2
Jan
39% Sept
115%
Dec
Dei
21
19
3%
3% "4"
'104% 106% *104%
10634
1
't
»32
*%
1%
*1%
1%
1%
8%
8%
8%
8%
271®
i
5%
4%
"
*33
.....
72%
81 %
53
%
%
So Porto Rico Sugar..aA'o par
8% preferred
100
6.5
*111
32%
44%
27%
44%
4%
"V *11®
84
109
ioii"" "6
*44?4
4
9%
*31
22
'.f. *41®
107 4 108 4
1094 1054
106
107%
73
10:%
2
Dec
1194 120
—-
81 %
J
Republic Steel Corp 4 4s ser B. 1961 F A
Pur mon 1st M couv 5 4s... 195) MA'
31
109% June
107
Dec
Jan 28
South Am Gold A Platinum. 1
S'eastern Greyhound Lines..5
300
26%
*103.1
Reading Co Jersey Cent coll
Gen A ref 4 4« series A
2% Jan 12
4% Jan
8% Jan
17% Sept
94% Sept
105 4 1054
1074 108 '
"3
44%
i *797S
------
Sharon Steel Corp
No par
$5 oonv preferred...No par
600
.
19
1054 108
R
Remington Rand deb
4
l
351®
24%
.
Gen A ref 4
*111
v ■
<4
.%%
*8%
5
72 4
(0
63
*75
*143
1968
49% Feb 18
Apr
June
8%
%« Feb 10
1
Apr
79
Jan 10
2,000
1%
14%
34%
3%
18%
64
107 4
i.. 2037
Service of Nor
Sears Roebuck A Co..;Aro par
Servel Inc
1
Socony Vacuum Oil Co Inc.15
42
*104% 106%
.
Public
Purity Bakeries s
m Feb 26
Smith A Cor Type vtc.Ao
par
Snider Packing Corp...No
100
3%
41%
34
'
*3
81
Seaboard Oil Co of Del. No par
Seagravc Corp..
......5
12.100
4
:: 3%
3% a- *3%
*42%
431,1
*42% 43%
34% 34%
34%
34%
*112)® 117
*112% 117
*112% 117
*112% 117
*42% 45%
*42% 45% *42% 45%
*42io
45%
1'4
12%
>12
674
-
*99%
A
1950 J
M 3 48...
5s
Pressed Steel Car deb
3%
3%
4%
14%
1
D
1960 M
6
Simms Petroleum..
26
*53
19
26
34
4%
89
-
Port Cen Elec
55
•
124%
1084
8
14
*1%
*14%
44%
65
18%
25-%
41
37n
O
J
*53
*123%
1094
105
108
*98%
A
65
3%
4
3%
1214
103
1%
14%
1%
97 4
109
107%
1%
*14%
*2%
50%
106
102%
/
5
500
7%
1%
; *50%
7
16 s"
107%
7
2%
4%
4%
120
MA' .'l
J
1962 F
1st 44s series
iio" ""3
DO
108
Sept
Jan
Simmons Co..
16
7%
1%
5%
50%
112
*116%
O
23
5
89% Jan 15
36% Jan 9
% Jan
800
*16
16%
55
511
I *2%
If S
4 48------ 1950 J
Pitts Va A Char 1st
■....
t/N
4
3
4
ISeaboard Air Llne...-Ar0 par
4-2% preferred...
100
12%
1%
*11
11%
7
2%
5%
I00«.«100"3f
-----
J " J
19% Jan
16% Feb
15% Feb 24
14% Jan 7
116
100
70
'16
'
1%
*32%
107%
Sept
June
108% Feb 13
900
"*'Io6
2%
*3 %
*4%
106 4 106 4
13
47
113
9
3%
97%
*21®
4%
*
A
Apr
Dec
12:i8 June
3
12%
20%
11%
*20
35%
46
*7%
*37.
*10*''.-.2
*92
2%
51.1
2 4
54
*100%
A
July
Jan
...
8
4
106% Jan
Sheaffer (W A) Pen Co .No par
Shell Union Oil....
15
Silver King Coalition Mi ies.5
20
*106
20%
1%
4%
?
:
*1%
95
*19%
15
41
31%
j 46%
ii 5%
■-i
*1%
900
200
21%
*50
27%
31%
J
294
,100
25
45%
5
34
24%
1®4
:
47
24%
*44%
••'.
37
""2OO
•:
1%
93 4
97 4 100 4
1104 113
26
35%
89 4
814
26
22
105
102
26
12
*11
34%
1074 1"4
524
J
Gen intge
Geo
94 4
33
16%
21
27%
110 4
122
32%
12%
*3%
12%
*1%
94
36
100 4 1014
1.6
8%
5sseries A.......1970
mtge 5s series B
..1975
4 4» series C - - - - - -----197 7
Series J cons guar
904
33
95
20%
22%
109 4 1114
29%
F
Scries I cons 4 48
109 4
120
*41®
*25
*32%
36
10
101%
7a
—..1964
4%S--..-196*
,
4s
280
5
1%
■; 21%
35%
19
27%
21%
*110
22%
110%
100%
F
Series H cons guar
703
59
>*4%
20%
110%
8%
...1960
;
1,900
630
,
12%
20%
91
**
6,800
6%
9%
900
*1%
*10%
104
"
300
3
50%
6
*12%
10%
!():%
28%
1949 F A
1953 J /,
195/ i/N
""aiio
Feb
Apr
May
35
Feb 21
%
6% Jun 20
No par
..
%
%
6
1% July
xl06%
32
12
Dec
3
114
3,000
Dec
3
Scott Paper Co.._.^..Aro var
$4.50 orererred
.No par
$4 preferred..
3934 July
Dec
%»
%#
Jan
Feb
50
27
5
% Jan 27
3% Feb 16
Jan
86
""2OO
% Feb
44
5
5
34% Jan 27
110
.100
59%
•434
1%
213,
Louis—
gold
% per share $ per share
Feb 18
Savage Arms Corp...;
*5%
12%
10%
103
1
1945 .If N
Feries E 3 lis guar
-
Highest
Feb 20
Schenley Distillers Corp
5 A% preferred
5934
5%
3%
20»®
""5
1/ N
*9
*3%
10%
f
J
Series 13 4s guar...--
45%
20%
22%
108
1)
1942
5
39%
108
1,500
59%
*58
i 12
10%
110
O
6%
59
.3%
20%
1 .0
If S
4
2
6.400
24%
33
i
108
100%
*11%
*284
49%
6
29% Jan 10
15%
*84.
%
11%
2%
10
16%
15
*32%
4%
'j
1074
109%
-
*14%
1064 1084
105
*116%
_•.-
570
9
5%
.
34
*1*8
1%
8% >•. 8%
j
'
«,
'
i...
I
Series C 44-s guar..
V
62
62%
60%
J
1942
Series F 4s guar
'+
Birthday
*103% 106%
*42
*1.,
119%
\t
Series B 44* guar
;
Tu
,
105
......
.
2
600
(8%
6
58%
*50
"4"
107 4
--y
59
71%
108%
tl*PI»tlippine Ry lsts f 4s....1937 J J
i
♦Certificates of deposit
...
Phillips Petrol 1)48 delis
1951 j" J
Pittsburgh Cine Chi A St
•30
v
69%
60%
62%
J
♦Conv deb 6s...
0%
5%,
*107%
71H
J
/
i*i>nila A Read C A I ref 5s... 1973
107
1004 105 4
110%
1977
General 4 4s series 13
1981
Philadelphia Co coll tr 44s.-.1961
Plilla Electric 1st A ref 34s... 196/
1st A ref mtge 2 Hs—-------1971
y
20
48
J
iPhila Bait A Wash 1st g 48...1943 MN
General 5s series B.„,
1974 F A
911%
.
86%
1st g 4%s series C.........19S0 M S
Phelps Dodge conv 3 Ah deb... 1952 ./ 13
?
4
85%
J
9
19% ,19%
25% 26%
*32l2 35%
ton's
"
3%
1094 HI
G
1905 /
Jun
39%
16
50%
50
581®
7%
1%
•
45
1% ;
*2%
*53
1j" .!.< ' "
Washing¬
34%
*421®
*110
n.
101 4
'•
Closed—
55
£
iio"
1%
45
-
Exchange
351.1
*50
I
....
103%
t
l'ere
65
>;!. *53
1184
101 4
;
2%
49
47
Stock
46
'(
1014 104
105
t/N
General 4%s series A.......
;
18
1%
59 4
D2% "12
1948
3%s series
7
21
21
21%
21%
*135.
139
139
*135
*133% 138% *133%* 139
18
IS
:i8%
18%
18
18
18
18%
4/io% 10% *10% 10%
103.)
10%
10%
10%
13
13
13%
12%
121®
13
.12%
13%
•X7% 18
17%
17%
18%
17%
17%
17%
33%
33%
32%
33%
33
33%
32% 33%
13
*3212
58 4
7
14%
y
105
1970
4s sterl stpd dollar May 1
11%
12
16%
22
*1%
IOI4IO34
105
22
Coasol sl.ikbig fund 4%8..*_. I960 F
Gen mtge
*5%
39%
15%
*106
*11
7%
1%
•
95
20%
11
14%
j
1084
105
.
Jan
32
24
16%
r"
7
21%
t
XI N
1948 A/N
3
*31
2%
*106
16%
33%
*44-4
f
1094 108 4
1044 1044
108%
104%
104
ioi %
*101%
107%
106%
103%
106%
A
2
% Jan
.
1025i8102*i«
„■
•
%2 Jan
100
6% preferred.'.
ISt Louis Southwestern... 100
5% preferred
100
Safeway Htores........Ao var
5% preferred..100
32
5%
24
20%
11
5
10%
17%
;
118
....
105
102
-
JSt Louis-San Francisco... 100
*31
5%
26
96%
*19%
1%
*101.1
i
105
102%
*95 "•.:
'
'
107 4
.
15
22
;1
85
*105
*101%
*104%
*100%
„
5 per share
St Joseph bead
*114% 115%
115% 115%
*108% 110% *108%
*%j i;' %«
3
*24'®
22
*14%
*1%
24%
16%
7%
••
12%
1%
26
*134 ' 139
*18 "
18%
90
85
106%
107%
*•„^
O
J
1981 /
1969 F A
bight 3 An
4A* debentures...
„
\t N
28-year4s
.......1963 FA
insyi Glass Sand 3%s
1960 / 13
Pe
Pa Ohio A Det 1st A ref 4 %8 A '77
].,
5 per share
609
86
12
*31®
12%
*1 %
11%
7
994 1014
85
4
12%
1
12
3%
v
*106
102 4
"~8
.
85
*32)
12
*31®
20
l«i-l
>
5%
58%
4%
33
12
•
97%
.
•>*11
i.-.-V.-.v "
89
48
t
1
Lowest
'
6
23%
| *19%
■
Guar 3 %s trust ctfs
Guar 3 'A* trust ctfs
Par
400
*84
9%
58%
58%
*32%
*106
4
Pennsylvania Co—■
i
58
*4% •V 5
*11212 117
i
—'"Tear (1941)
Highest
430
87
501®
5%
*9
9%
,
26
*241®
'
106 4 1074
100
100
58%
------
Lowest
Shares
108% 108%
14%
14%
11%
*2%
;
6
'■) 1%
,
j 23%
1074 109
3
•Paramount Broadway Corp—
Paramount Pictures 4? deben.. 1956 M
15%
'
%
50
6
58%
12%
.3%
12%
b:w>
,
01
25
;
33
85
824
1104 112
100
106%
107%
107%
Paducah A 111 lsts fg 4%s...l955j
108%
106%
85
-
2%
68
5
j
1074 108 4
111 4 1124
1124 1124
5'*
111%
108%
106%
"88%
88%
85
-16
lllo
51
9
9
57'2
102 4 102 4
91
*
j"
50%
*5%
9)4
5%
■
1024 101
3
.
1:
5i«
*%
12
50%
;
1024 10)
2
110%:
*
Range for Previous
1
On Basis of 100^Share Lots
%
*84
32)
•
*11%
2%
3
50%
1084
1084 1094
108
1094
107
1084
5
107%
d
J
ser
15%
14%
87
*31
32%
*%
.
•
f
i
110%
108%
:
31%
*%
*334
*5%
*84
%
!*nv
7 4
10
102%
117%
85
/,
—
Week,
'
5
Range Since Jan.
YORK STOCK
w
90%
1.1946 J D
El 4s series G...1964 J
87
.
*311®
?l
*1%
Co let g 5s
*84
-Invite
1094
1
Pacific Gas A
.
*%
39%
39«4 39%
109% -108% 109
*108%
14%
14%
.."
87
:
32
t
-y.
Ipftclfic Coast
30%
%
*114%
*10812
H2%
112%. 112%
105
105%
i 90%
15%
14%
58
58
112
—
J
'
16%
.
484
484
107%
109%
..
107%
^
15%
;
42
7%
-
107%
39%
109
35
-
*
D
40"
108% 109%
15%
14%
V5>2
'
Oregon RR A Nav
.
i*14i2
1.10%
102%
Ontario Transmission 1st 5s... 1945 M N
1;.
|*84'
108%
104
A
*514
*39%.
■
55%
108%
107%
107%
5%
56
107
109
*3%
54
*104%
_
5»
*3%
*5%;
7
31%
31%
•%
30%
%
684
66
>
107%
109%
A
*30%
%
%
*3%
39%
304
1084 109%
:
31%
,*'4
%
45
7%
h
5s.1.1943
gu
714
39
•5-
76 4
*301®
594
54 %
108%
110%
*102
J
....1946 J
.
Ontario Power N F 1st
72
68
404
'■»
M
$ per share
share
per
T'
5%
t5*Og A L Cham 1st gu g 4s...1948
J
Ohio Connecting Ry 1st 4s.. 1.19)3 M S
Ohio Edison 1st mtge 4s.
1965 M'N
$ per share
•$ per share
*»i«
?
Hill ojiifjii
|
7
52
67%
54%
(Wise) 1st mt?e 3%B.._1964 XI F
Northwestern Teleg 4 %s ext... 1944 J
J
68
Feb. 27
311
50%
V
6^
y5
66
,06%
;5«
;55%
Northern States Power Co—
}
43%
40%
40%
51 A
1.2047
Ref A imiit 5r series D
74%
69
43 A
43%
Ref A Impt 6sseries 11......2047
Ref A impt 5sseries C2047
;
74
68%
.....^1997
Gen Iten ry A Id g 3s..I.Jan 2047
Feb. 26
*'.1
'
K
*3'2
North Pacific prior lien 4s.
Feb. 25
-
.
101
O
"274 "27 4
y.
\:
Friday
EXCHANGE
High
>
»
Thursday
Feb. 21
S per share
Wednesday
the
113"" 113"
5s (starnped can-
mtge g
Feb. 23
•*
Tuesday
■
$ per share
High
113
-NEW
~-fOT~—
119
*115%
113
Af.S
STnrirs
Sales
SALE PRICES
LOW AND HIGH
Range
'since
Feb. 21
......
899-
NEW YORK STOCK RECORD
NEW YORK BOND RECORD
i
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4051
155
No par
Jan
11% Jan 30
30
Feb 24
{*3638 Jan
6
10434 Jan
27%
Dec
Feb
37% Sept'
Dec
7
60
24%
Dec
2834 Dec
85%
13%
:
31
44%
Sept
Jan
Jan
Jan
July
Jan
5
11% Jan 28
9% May
11% Feb 27
8% Dec
10834 Dec
107% Jan 7
42% Jau 19
20
Feb 26
35
Dec
52
15
Dec
Dec
21% Sept
1% Jan
Dec
3034
5
«u
16% Jan 15
13%
% Jan
17% Jan
1434 July
113% Feb
Sept
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
900
Monday, March 2, 1942
NEW YORK BOND RECORD
NEW YORK STOCK RECORD
Week's
Friday
T
h"
: ■:
CTAPITQ
Sales
HIGH SALE PRICES
LOW AND
Rame Since Jan.
•
_/ar_
Saturday
Monday
Tuesday
Wednesday
Feb. 21
Feb. 23
Feb. 24
Feb. 25
I per share
$ per share
*2
2
45%
4%
4%
458
*178
5
*3ti»
32%
5234
53U
5234
5's
141-4
1418
3VS
*334
88
*20
*85%
20%
21
11%
11
11
44%
45
45%
*6
6%
*35
3978
♦30%
3U
3%
9%
*3%
28%
*2334
*»!•
-;»u
15's
60
45
•
25%
29%
29
*23%
:
34
ft'/ftftft ft
r*
.
'/
■
•lv
.
24%
*23%
15%
»u
61%
45
45
69
*66
5111
1163s
41%
*19
*'8
46%
61
61 %
63
78
%
1
*78
%
91«
43
*43
44
*43%
*14
15
*14
15
fr: V;
50
50
*50
•
%
•
*148
-
155
155
152
*148
152
lilt
*150
153
*150
113
♦10%
*35
♦52
60
*58'2
85
*2078
22
Washing¬
25%
18
18
18
281
1%
*58%
85
*58%
85
*20
22
*20
21%
*1%
28%
27% 27%
115
115%
*
115
115
200
*16%
31
17%
*28%
28% -28%
*16%
Van Raftlte
"Too
28«
28%
28%
Feb 25
s
-
j
83
I
11% Jan 26
47% Jan 16
-Jan
{
172
Jan
-
]
4"»8 Sept
ft
4
Dec
July
183
<
47j Feb
| 33 .ft Feb
34% Feb 10
J 43
..
Jan
-
9% June
,
200
:
2% Jan 2
7; ft. Jan i 2
37g
Jan 20
100
♦95
100
*95
100
*95
105
*95
300
700
105
160
*130
160
*130
160
♦130
145
*130
145
June
Fab
;
2778
*7
18
101 u 10U4
ft 4
41.1
*32%
3334
*14's
='
*234
*16»2
5%
*70
18
*100
Feb
4
| 20% Dec
2
{ 25%
♦
18%
2 ft-
41% Feb
Jan
2
19
i
| 43%
Jan 19
\ 69
Jan 21
3
104
4%
*101% 104
4%
4%
*32
33%
4%
337„
♦14%
141?
14%
31"
*2%
%
%
17
17
18
5>2
18
4% ft
41"
73%
*70
100
200
300
14%
6,000
4%
34
*33
33%
3%
3%
*234
%
""166
15%
*14%
♦2%
*%
17%
*16%
510
5%
73%
*17
*10178 104
*101% 104
4%
*32%
14%
2,700
7%
17%
*7"t
17%
%
*16%
5'"
5%
*70
3%
7'4
7%
17%
",6
:
74
14%
*14%
*2%
31?
17%
74
"3OO
17
17
5%
5%
*70
200
6,000
5%
5%
'
ft
*21
:*3i78
.18%
*12%
:; 13%
*178
'"■I/
217«
22%
32
217„
33
32
*18
13%
*12
ft
2%
19
*84
*86
*16
*2%
*7
*%
24%
17%
;
74%
*124
*28
13
*69%
70
86
*85
86
98
*96%
98%
90
*86
90
110%
3
7%
2%
130
13
130
200
400
"400
13%
*13%
2%
♦2
*80
19%
19%
70
70 ft
*85
86
*83
85%
*80
96%
96%
*94%
85
86
500
*19% 20%
*70ft, 72%
109% 110
*17
17%
100
103% Sept
170%
Jan
130
Jan
33%
\ 19% Dec
7
"u Jan 19
7n Dec
ft
9
'
14% Jan .5
;
52% Jan
437g Nov
;140. .May
[133
Jan
Feb
149
Jan 15
148
Jap36 ,150%,Jan 6
159
Jan 21
Feb 16
40
92
75
2-5%
17%
17%
29
17%
76l.i
751-1
*124
125
28
28
28'.|
28
28
25%
17%^.17%
125
*28
28%
25%
25%
75%
75%
*124
125
29
*26%
61%
*50
61%
10478 10478
♦50
61%
92%
92%
*90
93
*90
25%
25%
104%101%
26%
25%
"i»
„1996
2d gold 68—.
6
*}Rlv & O Dlv 1st
42%
93
22
Jan 20
17%
Feb 18
10
Am.No par
Feb 14
May
•it
33%
53% Feb 19
Jan
62
Sept
i 16%
Jan
Sept
:64
>57. ;Jan.
162
Oct
mi+'m
•
% Aug
31
Apr
28%
29
93
t*St L-San Fr pr lien 4s A...ftl95U
ft
♦Certificates of deposit.—
*Prior lien 5s series B
;
i
1
#
Jan
20% Aug
28
116
July
Mar
57
66 A
Aug
56
20
Mar
T-
Mar
v
——.1959
♦Certificates of depositcons 6s series A—
.^-1945 M
♦1st
♦Certificates of deposit....
ft f{*Atl & Blrm 1st gu 4s... 1933
Jan
19
>
Dec
%
1
ft
18% Dec
2%
30% Dec
31% Jan 20
29
1
29if Jan-'7
Dec
.
j
Jan
Jan 19
96
89
Feb
105
Nov
9
.135
Mar
143
June
Jan
138
Waldorf
Walgreen Co.-
17% Jan 12
System...——No par
--No par
4 \4% pref with warr-ft--100
Walwcrth Co------—No par
Wallc(H)Good & W Ltd No par
Divredeem pref
No par
Ward Baking Co cl A -No par
Class B..--V-—---No par
99
3
% Jan
Feb
4% Jan
5
33% Jan 15
f Warren Brcs Co
No
$3 preferred — ..—No
Warren Fdy & Pipe
No
Washington Gas Lt Co.No
Waukesha Motor Co....
Co
Elseniohr
Wayne Pump
par
2
17
"id Feb 18
Jan
2
*13%
1378
3%
*3%
% Dec
Feb
15
6
13% Feb
1% Jan
ft
7% preferred.......... 100
6% preferred.
100
Pr Co 414% Pf -100
109
Feb
26
Pap Co No par
16
Feb
24
100
104
Jan
Supply Co...10
3
200
*50
54
100
*20
21
100
200
Wilcox Oil & Gas Co..
*1%
2%
*1%
1%
1%
5%
1%
1%
1%
534
57S
5>8
5 >8
6612
66%
; 2534
;
i834
♦119
*110
26
19%
19%
*120
*110
117
140
25%
*19
.
21 %
25%
19%
140
♦120
117
*1%
*66%
5%
117
♦110
1,900
500
25%
19%
140
117
-
*21%
25%
25%
*19%
*110
5%
6634
*114
23"
*.20
2,500
534
*66%
66%
*21
2,300
1%
5%
5%
578
*114
21%
1% "ft
1%
1%
5%
5%
5
66%
*114
■
257«
25%
19
140
•-
»
23
♦21
21%
5
66%
66%
im
578
5%
5%
5%
66%
*114
*114
217«
57«
1%
*1%
1%
19%
-t
-
22
200
26
6,000
600
19%
26% Sept
0%
77
117
*110
50%
♦51
51%
51
51
*50
51%
*50
51%
*52
55%
*52
57
*52
57
*5'2%
57
*52
99%
*97
99%
*97
99%
*98
991
*98%
99%
51%
♦50
51%
*50
51%
50%
50%
200
56
*90
"
50l2
49%
50
51%
88"" Jaii
Prior pref 4
Wright
5,600
63% Jan 6
-13% Jau 3
13% Jau21
3% Jan.
ft,
2% Jan
50
Dec
5
7
3
Feb
■"*
25
Feb
38
*102 Vi
mx
106
10%
I
9
1014 103
105J* "23
115.v^:ftftft-ft
6
106V*
106Vi
105
105 V*
615*
193
20% Jan
70
Feb
........j,..1981
Jan 22
Jan
106%
Jan
115
Jan
89
Nov
107 ?g
117%
ft 15
Dec
104%
Apr
20<8 July
107
Oct
15%
Dec
2978 July
1%
Dec
Dec
<
10% Jan
Jan 27
Jan 28
Jan 27
ft
;ft'
'8
9
31% Nov
24% July
18% Feb
;
15
Dec
6
•71
ft; Oct
105
Jan
Jan 23
118
Dec
144
Mar
81% Jan
127
29% Feb
31% Jan
100% Jan
Jail
93
2
8
7
4
61% Jan 29
Jan
7
15% Jail
5
14
3% Jan 27
Jan 12
53ft
66% Feb,21
73% Jan 13
2"l%
24
178 Jan
3
13
50% Jan 5
53% Jan 17
ft
97
Jan
7
Jan 15
28
112
Aug
Aug
65
July
85
Dec
100
;
58%
1
10%
70
Dec
Jan
!
,
17%
5%
54% Juue
:
Feb 19
26% July
!
0%
7
Dec
Sept
,77
Sept
115
60% Dec
109% Oct
19% Dec
Nov
; 33%
21% Jan 2.>
Jan
34%
Dec
i
Jan
25% July
16
Dec
Mar
147
Aug
Jau
;130
July
Dec
73% Aug
! 75% Aug
"ill""
Feb 13
85
54
Jan 26
47%
57% Jan 26
104-Jan 15
50% Dee
86
Apr '122
'
49% Feb 21
83 >i
Vi
9
53 V*
86
ft
824.86
68
90 1*
Vi
64
185
It
89
I
38
90
885*
71
86 Vi
'85
104 V*
66
871*
914
804
864
83
80?*
12
104 V*
1054
36 V*
79 V*
20
110.4
.
5
86 Vi
684
92 V*
88%
8
<5*
784
110
86 Vi
614
356
80%'
1095* 111%
!04V* 107
21
104 V*
1044
0s..1945 J
J
108 V*
108
108?*
102 4
107?* 108 4
1014 1034
103
103
1024 103
Superior Oil 3Vis debs
------
100 4
104 Vi
104V*
1956 MN
1961 J/N
V*
*1014
62
'Jau
5
M
50% Dec
Tenn Coal Iron <fe RR gen
July
80
Jan
5s. .1951 J
J
Term Assn St L 1st cons 5s....1944 F
5
100 4 1024
18
1034 1054
1034 104?*
30
0
ftft/ft
121
—>...
J
Ref & impt mtge
"55
3Vis ser B. 1974 J
J
A...1950 F A
Texas Company 3s
3s debentures
—
1024
101
I
Texarkatia & Ft S gu 5Vis
122
107?* 108
109
110'*
/I
Gen refunds f g 4s.........1953 ./
924
86 4
105 J*
Vi 105%
deb---....1959 A O
105 V*
29
104 4
.—..——1965 J/N
105 V*
59
104
—
1943 J
Texas & N O con gold 54
D
Gen & ref 5s series B——.1977
O
Gen & re 5s series C
1979
O
Gen & ref 5s series D
1980
23
52
5Vis A—.1964 M
67
»i
00
674
22
D
Tex Pac Mo PacTer
60
67
1
J
♦AdJ income 5s...—..Jan 1960
{♦Third Ave RR 1st g 53——1937
A
O
/
Tol <fe Ohio Cent ref & impt 3 !%b1960 J
D
1
O
93
J
1950
Tol St Lcuis & West 1st 4s
Tol W V&Ohio 4s series C—1942 M
I
67 4
1024 1014
51
56 4
8
Third Ave Ry 1st ref 4s———. 1900
100 Vi
102 \{
99?
./
Texas & Pacific 1st gold 53....2000
89
18 »*
100%
134
100
89 4
89 4
89 4
*100
904
854
89
855*
/
855*
814
*101 l%j!
S
Toronto Ham & Buff 1st g 4s..1946 J D
Trenton G & El 1st g 53—
1949 V/ 8
Trl-Cout Corp 5a conv deb A.-1953 J J
2% May
2% Jan
Apr
Apr
4% Dec
8
Jan
'
1% Dec
23
Jan
8% July
,
2% Dec
41
Feb
18% Dec
1%
3%
Jan
1578 July
10% Dec
2% Dee
I
Jan
30% July
21% Apr
;
98
Feb
82
J
Swift & Co 2Vis debs
30% July
27%
105
.
378 Jan 26
"
2
---
A
1901 J D
Studebaker Corp conv deb
Jan
34%
27%June
Apr
Apr
,
22
27% Feb
Feb IS
18% Jau
4
36 5*
1004
1044
104?*
4V$s.2013 Apr
2H debenture
July
1% May.
hi Feb
:
Jail 14
Feb 5
6% Jan 5
6% Jan 20
24
/
80
—1953 J
g
Standard Oil N J deb 3s
4% July
4
104% Jail
2% Feb 10
Feb 25
Jan 2
48
84 Vi
-/ft
89
Jan
Feb
18
99% Dec
;
v;
2
5
53
84
Jan
Mar
8
Jan
178 Feb 17
Feb 25
1 %
5s
♦Spokane Inter lat 1st
112
Jan
22% Jan 13
5% Jan
Mem Dlv 1st g
St Louis Div 1st g 4s
Stand Oil of Calif 2%s debs—1966 F
113% Jan
6
Jan
51 Vi
67V*
1956 .4 O
ft—1996 J J
..1951 J J
Jan
74%
54**
52
90 M
—....1956 .4 O
Devel & gen 6 Vis
Jan
Feb
48
it?
5»4
84 Vi
68
O
J
4%
484
52 %
J
Devel <fc gen 4s series A——1956 .4
1st & ref 3s series C—...1968 J
65% Mar
Dec
535*
53Vi
ft
50
272
52 H
J
Southern Ry 1st coos g 5s....1994 J
25% July
188
4 O
Vi
57 4
55
50
55
52
014
504
56
.53?*
I)
16% Mar
6
3
1968
1969
f
54 ft/:
55
105
/ftftft:ftft:ftftft;/ft
60
56
M S
M 8
J/N
MN
J ./
1074
1065*
1054
104 4
9
•So'western Bell Tel 3Vis B—1964 J
80
106'*"
23
104 Vi
105
Jail
20%
/
1045* 105%
104?*
105
17% July
Dec
1% Dec
Feb
974
987%
994
32 V*
35 ft
101?* 103 }*
•—'
104 Vi
....1949
5
96 4
104
J
1949 J D
—
54
4
72
J
South Pac RR 1st ref guar 4s. .1955 J
Sept
23%
34
250
■
Oct
21%
mm
,72
•
102?*
104
5»|
323
9 V*
25'
1947 I
10-year secured 33fts.......1946
San Fran Term 1st 4s..——.1950
1% July
6
1.14
Dee
1 10% Dec
■
100
Aeronautical...No par
(Del)-No par
3
6
Feb 24
•19
44% series—100
Wrlgley (Win) Jr
«
24% Jau 22
5
Prior pf 4 34% conv ser..
'
8?*
23Vi
...1979 J
—
Gold 4Vis..
Dec
60
103% Feb 20
$5 conv prior
Willys-Overland Motors—..1
0% conv preferred...—^10
Wilson <fc Co Inc..
No par
$6 preferred
No par
Wisconsin El Pow 6% pref. 100
Woodward Iron Co
10
Woolwortti (F W) Co... —10
Wortliiugt'n P&M(Dei)No par
24
Feb
7% preferred A
100
6% preferred B——....100 "llT"
140
♦120
28
5ia% conv pref
100
Wheeling Steel Corp...No par
54
18
2
3
7378 Feb
124% Jan
Color Prod—No par
21%
16
Jan 10
27% Jan
Mtg—.50
———50
instrument. 12.50
*20
Feb
2% Jan
preferred..
*50
184
O
1962 4 O
...
4s registered
Sept
ft
Jan
% Dec
ft
■
3
3%
Jan
2
6
8%
lsn
% Jan 12
23% Feb 18 ^ 26%
Feb 25
19%
17%
Maryland.......100
54
"2%
14
4% 2d preferred...
100
Pacific 6% pref. .100
Union Telegraph. 100
21%
2 %
91
86% Feb IS;
Feb 27: 104
92
Feb 27|
93
83
El class A..No par
3
184
22
66% Jan 2
18% Jan
preferred——No par
*20
*184
11
6 V*
10V* 1005
6 V*
9?*
1% June
i 80
Oil & Snowdrift No par
*48
:
2
11% Jan
3
,
mn
,10
102?*
15% Sept
0% Sept
Apr
2%
8
1
21%
*2%
198
102 V*
Gold 4Vis
36
11.4 T«H
104
1«4
83
-'17
1950 F A
Jan
6%
Dec
3
53
Jan 29
No par
—
preferred..——----100
50
3
16 Vi
2
Gold 4 Vis—...—
ft
Feb
19
13% Feb
3
♦2%
1244 125
»8Vi
Jan
25% May
Feb
;.
•
.
3
50
3
16141014
3
15V*
15
4
-
98J*
105%
; 13%
39% Jan
,
Jan
*19
3
100
2
12
52
....
3,300
Jan
15% Jan
5
21
.i
3%
'15V*
V
1961 J J
t{*Silesian-Ain Corp coli tr 7s.l941 F .4
1st 4 Vis (Oregon Lines) A—.1977
ft
Jan 16
24
3178 Feb 27
•; 21 :
■i
14
2
19
:*50
ft *2%
14%
15?*
—-
Jan
•ft
1% Jan 29
par
par
$4.50 preferred—....No par
Wheeling & L Erie Ry Co. 100
14%
15
14%
*3%
3%
*124
24
22%
f ' 2% Dee
19% Jan 21
578 Jan 3
74
par
220
14%
*13
14%
14%
*3%
m
101V*
125
97 V*
South Bell Tel & Tel 3J*s
....
74
10 v*
1014.1014.
99,4 1004
"l8
-
*101 *i»
965*
Apr
•
2
% Jan
.
29
*3%
14%
3%
100
100
J
1954 J
9%
xl2%
3% Jan 20
Feb 10
5
69
Westvuco
*65%
*13%
1378
*13
14%
3%
19
102?*
100 V*
5
23/»8s f debs
154
3
3 V*
10V*
*101 Vi
ft
5V*
98% June
8
15% Jail 22
Jan
16
Weston Elec
3%
14%
14%
i
4 V*
Shell Union Oil 2ftSs debs
10
154;
83 Vi
4?*
Southern Pacific Co—
4s (Cent Pac coll)
5
5
Jan
-v
Pictures..>—..5
preferred.,.—-N» !>aT
100
14%
♦13%
264
■////':.//•'•■';
Dec
Dec
6%
157g
,
101% Jan
3% Feb 18
32% Feb 10
preferred--.u----.100
800
10
46
154
A
3s debentures
7% Jan 17
18% Feb 4
26
Jan
14
Warner Bros
pref...No par
White Dental Mfg(TheSS) .20
White Motor Co
...——1
White Rock Miu Spr Co No par
White Sewing Mach Corp...1
$4 conv preferred—.No par
Prior preferred
.....20
69%
05
31
193
26?*
.ft; ftftft
100
1
28%
66
*66
57
99
46
♦0s Series B certificates.....1935 F
Southern Colo Power 6s A
30% Jan 26
26% Jan 19
7
Feb U
Wabash RR pref w
Westinghouse El A
-
ft. g
II
ft,
95*
0
1st
15V*
824
*3
Aug
South & Nor Ala RR gu 5i....1963 A
Western Auto
124
78
*77 Vi
95*
8
J
30
10
M
Socony-Vacuum Oil as debs—.1964 J
$4 conv
51
44
ft,
Feb-
Western
»
8
33%
Western
1,800
O
Skelly Oil as debs.
200
„
O
Simmons Co deb 4s..——.1952 .4
Wesson
15V*
Oct 1949 F A
Jan
ft ft/300
'
4
A
—
42
West Va Pulp &
93
1950
1950
23% Sept
7%
628
11%
11%
114
.25
26
O
Dec
West Penn
"sod
.4
|*4sg stamped
♦Adjustment 5s
{♦Refunding 4»
,
27% Sept
57
»
15 Vi
155*
30
^
"45";
8
Aug
45
11
81
8
July
Dec
39% June
111%
6
03
16
10
J
St Paul Union Depot 3i$s B.-./lOTl 4 V
S A <fc Ar Pass 1st gu g 4s
1943 J J
fSeaboard Air Line Ry—
{♦1st g 4s unstamped
14 4
144
14?*
"
79 H
A
gu
10 V*
282
Vi' 1
15
.
D
4^8-1941 F
ff*St P&KCSilL
ft 564
'
Dec
3.500
66%
69%
•
86 '*
55
145*
15 Vi
J
114
76
69%
*66
::
79
13 H-
J
J
St Paul & Duluth 1st con g 4s.1968 J
f *St Paul E Gr Trk 1st 4%is—1947 J
Mar
Dec
14
15
1952 J
1990 J
•
11
15Vi
15V*
jf"s
Nov 1989 J
i*lst term & unifying 5s
At ref g 5s series A
S1' 11%
85
84 Vi
:14'/S
fSt Louis-Southwestern Ry—
5
1st 4s bond ctfs
..—1989 MN
♦Gen
«7H"74;
62
♦56ft/ft 00
14 Vi
.11
6% preferred ......
2534
69%
J
J
♦Certificates of deposit♦Cou M 4^8 series A
1.1978
♦Ctfs of deposit 8taui|>ed
♦2d 4s Inc bond ctfs
47
70
74
1950
Jan 2»
125
25%
/
96
44 Vi
08 Vi
85
28% July
118% July
Westinghouse Air BrakeNo par
*88
ft"-
91'*
60
43 Vi
J
29% Jan 19
115% Feb 25
1
1,600
*26%
'
v
107 ?*
*69 Vi
"43 vi
6% dlv partlc preferred. 100 ft22'2 Jafli 8
114
Feb 4
Va E1& Pow 56 pref-.No par
14
Jan 3
Va Iron Coal & Coke 5% pf 100
30
Feb 25
Virginian Ry Co.,
25
6% preferred—--25 28% Feb 24
90
Jan 15
Vulcan Detinning Co
100
Jan 9
Preferred.. .—...... .100 138
Chem—No par
3,500
25%
*65
70
j
53-1948 J
gu
'2%. Jan L9
21
1734
*27%
1
*.ft£--/ 93
f4Seaboand All Fla 6s A ctfs.. 1935 F A
5
25%
104% 104% *104% 105
61%
*50
61% *50
*88
MN
4s.....1933
g
St L Rocky Mt & P 5s stpd—1
Dec
34%
15
8%
55 ft Jan 19
100
I
| 15% Dec
Jan
417„
Jan
.15
Jan
^11%
24% Jan 7
,115% Jan 30
5
& Pac Ry.-.lOO
17%
75%
*106Vi
.
Scioto V & N E 1st gu 4s—.1989 MN
Jan
3
Feb
Western
*121
ft/T '"
ft
96
*50
O
Santa Fe Pres & Phen 1st 5s.ft.1942 M
29% Feb
207s
^
20% Feb 25
400
"i«
25%
25%
25%
J
A
St LPubServ 1st mtge 5s.—..1959 .If S
Jan
1%
.
Dec
12
»« Jan 30
% Jan- 2
ft
25%
76%
125
*27%
*26%
96
♦Certificates of deposit...——
J*St L Peor & N W 1st
Jau
1%
.
illif
ft'-ftft-/ TTftft
—«100
100
109
*»i«
25%
17%
751.1
125
80
84%
83
*107
".6
*%«
O
6V*
8
'ft'-//■■ ""/ ft." ft-
/ft'-
;!--;ft';f,.,://'ftJ ft
14
,
■;
;
-■/ft.
,;■> --y.
St Lawr & Adir 1st g 53—.. —1996 JftV
x50 % Nov
(
ft'v
112% Jand2
West Penn
84
92
96%
85
109
*84%
109
m.
107
10%
4V*
54
5
59
2
7%
130
70%
1094 1094
-ft
25% Jan 19
Webster
2%
*2
*80
*69%
25
101
*50
13%
19%
*%6
16
24%
17%
191
*12%
3178
17
16
17
17
*16%
17
*100% 104% *100% 104% *100% 104% *100% 104%
15
15
15
15
14%
14%
15
*14%
3
3%
3
2%
3%
3%
2%
*2%
7%
7%
7%
*6% :f'7%
*G78
*6%
*678
15
*28
22%
317S
18
370
*1778
*18%
110% 110%
18
'"
13%
*2
*55
18%
♦100% 104%
*14%
13
33
18
13%
13
*1278
130
18%
70
♦55
600
22%
*3178
*177)t
*12%
2%
*2
*09%
*96%
221"
33%
18%
:
13%
*13
13%
22%
78
7«
22%
1
*7g
18
13%
19
*110
22%
18%
130
Tift
♦32
18%
*55
;
*7*
234
1941 J
Saguenay Pow Ltd 1st M 4^8.1966 4
St Jos & Grand Island 1st 4s.. 1947 J
Devel & gen 6s
%
"
"
78
78
48
12
•'
Jan
I 42Mar
t;
% Dec
Jan
44.
42% Feb IV
13% Jan 26
ftftftft'ft
Chemical Works
$3,85
74
*70
39
£107
;ftftTT;;:ft;;ftT
-.ftftft;: ftft —
Apr
Jau.5
1
\
28% Sept
;
i65%
46% Jan 14
"u Jan 14
%. Feb- 4
Aug
Feb
f 26
Sept
ft 2% July
il05% Dec
119% Jan 13
24
■
47 ft. Dec
\
i 3178
.34%
Dec ft/76%
Dec
:
> Oct
105
Dec
58
Jan 14
55% Jau
Feb 19
45
Apr
J ' ft % Dec
13% Dec
71
Feb 13
Dec
i
51%
„
50% Feb 10
115
*%« Jan 10
17% Jan 14
72% Jan 16
-
25
150
Feb
Feb
Feb 21
68
54%
1
7
-
28%
28
28%
27%
7% ft,-
*7
17%
*32%
*•%
r
ft 7%
♦17%
7i
*7
>17%
2778
30
111
347
108 Vi
*108
..ft '-
•;
Apr ft 10% Sept
5%
7
W
281.!
in
46 H
■
2% Dec •ft 4% Aug
\.
10% Jan 21
111
'ftTf'v:
28
ti'Rutland RR 4 Hs stpd
'ft
2
-
5
Va-Carolina
1,900
28%
28%
281
99
104
22V*
Feb 27
Victor
.
*95
28
c
;
Apr
ft ft
\
5% preferred
♦130
28%
1/ S
i Gen mtge 3j^s series J
1969 Vf s
*S*R I Ark & Louis 1st 4^8-1934 W S
t*Rut-Canadian 4s stpd
1949 J J
33% Aug
20
34% Jan 27
14% Jan-2
pref .100
Co Inc
Vlcks Shreve
280
114%114%
*15% 17%
*29
31% ""100
31%
High
98
93% ftOot
.Apr
:170
5
Jan
114% Nov
f conv debentures......1952
s
1977 M «S
Gen mtge 3«^s series H——.1967 M S
Gen mtge 3
series 1
1967 M S
Jan
July
9% Feb : 19
July
7% Dec ft 13
69% Jan
37% Dec
;
6% Jan 14
v
Apr
5% July
10%
117
4% Dec
100% Dec
i
2278 Jan 28
•
Jan
Vick Chemical Co—
'
',*27
2% Dec
87
Low
100
Roch Gas & El 4)^s ser D.
J
preferred...—-.100
7% 1st
17s
28
*1%
♦27
114% 115
*15%
17
30
28%
1734
*30
Dec
6
Jau 20
Much Tool..2.50
Van Norman
200
21%
21
28
30
17"
31
15io
*30
79
Nov
,51
2% Dec
Jan
CO
.....No par
Vanadium Corp of
1,000
85
*58%
IV: 1%
*27
May
ft
,'"i» Jan
-100
Preferred. ...
2'0
25
J 8%
85
13.1
f|*Rlo Grande June 1st gu 5s .1939 J D
t§*Rlo Grande West 1st g 4S..1939 J J
r
*lst con <fe coll trust 4s A...1949 4 O
23% Feb 19 -24% Jan 25
No par
Corp 1
.No var
8% preformed .1
VadscoSales
100
»«
*%«
25
22
1%
1%
Jan
,4% Feb 27
27% Jan
ft'ftftftft.?.;-:
18%
2734
1151
*114
/ft
18%
*58 %>
Birthday
.
Universal Pictures 1st
25
24
*17%
*2034
ton's
*27U
preferred
Universal Leaf Tob-
153
101o
101
10% *10%
*10%
11%
11%
21
21
21
*20
21 * *20
20% 20%
*114% 115% *114% 115% *114% 115% *114% 115%
35%
*34% 35% *34% 35
34% 34% *34
*54
00
*54
60
*52
60
*53% 60
Closed—
361
25%
18*4.
18%
10%
Exchange
21
>20%
*11412 1151
27%
♦25%
Stock
181;
•••42
Apr ft,
4s
San Antonio Pub Serv 3>$8—.1970 M
«»»»
*%i
Dec
3%
8%
99
.No par
"V
«78
30
iv
23
—60
'
%«
27
27
56 conv
7=S
*148 ft 152
155
*150
ft
:
Universal-Cyclops Steel
6078
*50
J
*1712
800
400
15
50
....
20% May
j
15% Jail 30
578 Feb34% Jan
29% Feb 13
& Mln—-50
Vv.
?■.
*7g
%«
43%
*14
50
50%
5034 *50
152
*148
*150
•■*%"! *
*148
*150
**i»
%
700
»!«
43%
15
%
;
3
Jan
van; l
103
3% Sept
6
3%
Since
~
Ft
Hi
*98J*
1% Dec
2
Jan
170
Preferred.-——ftftft—100
U S Tobacco Co..
No par
7% preferred
—25
United Stockyards Corp
1
United Stores class A
—5
""160
"1
4314
91»
43
15
*14
Low
j
■5% Jan 16
106% Jan 17
ft'
'Range
ft
{Con.)
3^8...1960 .If N
Revere Copper & Brass
6% Sept
4
Feb
72% Jan
8% Jan
10
Co
Corp
u S Steel
1,700
46%
*45
*78
*14
•l«
*42
Rani
Richfield Oil Corp—
27g June
Jan 30
17
Oo.......No par
U S Smelting Ref
14,900
19%
*19%
19%
46%
19%
*45
46%
Price
60
•478 Feb
35
2
Jan
43
Corp.—5
Preferred—-—
115%
50
ft
preferred—-.--100
8% 1st
2,600
1,000
52
51%
115
115%
Jan 10
13
h% conv nreferred
50
Aloohol.No par
U S Rubber
69
51%
51%
19
19
*651?
69
*65%
800
5,700
47
2
103
preferred—
..100
U 8 Pipe & Foundry—
20
U H Playing Card Co
10
U S Plywood Corp...—.---1
tU 8 Realty A Impt—No par
100
%
15%
63
Jan
Feb 11
4% Jan
....
Prior
23%
2% Jan 10
4
Partlc & conv cl A—No par
800
;
5
U S Leather
"loo
*45%
45
115
Last
St Lo iis Iron Mtu & Southern—
300
%
23%
5
39
U S Industrial
1,100
28%
15%
5184
*45
1
*h
%
15%
115%115%
20
*45
1
S%
44%
BONDS
.Highest
'
25%
%
15%
68%
51%
115% II.534
19
46»2
19
;
-
3%
28%
Jan
31% Feb 18
52% Feb 24
preferred-..---—--100
U S Hoffman MacU
113
*25
25%
2
Jan
7%
400
10%
3%
10%
-
*108
*23%
61%
4434
--
share .$ per share
per
6% Jan 28
3% Jan
—
$
2
10
110
""800
3%
10's
28%
15%
*66
52%
500
$ per share
478 Jan
Secur...No par
56 1st preferred.-..-No par
U S Dlstrlb Corpconv pre! .100
U-SLFrelght Co
No par
U S Gypsum Co
.'ft.
20
240
6%
3978
*6%
*35%
-»%
61
68%
51%
170
113
*25%
Lowest
Highest
3 per share
U S & Foreign
1.400
46%
170
46%
ft--/: /'-ft/ par
.
United Paperboard
60
11
*10%
24%
i?
62
21
'.
31
*108
29
"
*85%
/,
No par
United Gas Improv't. JV0 par
$5 preferred
No var
United Mer & Manu Inc v t c.l
3,000
3%
89
21%
'm;:;.,,
United Fruit Co
900
i *27ft
•
_—
ft.,- 20(5
3,300
4 ft:" 4%
3978
*3%
97s
9%
25
45
5012
v
3%
113
*108
25%
*29
61
*67
♦25
'
15%
t
ft'-:1
■".,V•,
24i2
!
*1151o
*10%
46%
1478
"Vv'-tf:"
15%
't
?
;
9%
113
*108
25
28%
11
451.1
*3%
9%
3%j
9%
113
25
21
IS!;
311.4
*914
*108
*85%
*21%
60
100
103
14%
4
3%
89
21%
11
47%
170%
638
378
*169% 177% *169%
*169% 177
6%
63s
6%
6%
*6%
3978
*35% 3978
*35%
30%
*30% 31%
*30%
170U 170%'
8,800
103
87
;ft
5%
14%
*2%
45
3.600
103%
14%
3
♦10%
53%
*102
378
21
11
53%
5
86
44U
600
*31%
4%
32
4%
5%
3
88
22
2%
* 45
2%
45
-e-i.
5
United Dyewood Corp..—10
i Preferred.
^ I- ft—ft. - -100
United Electric Coal Cos.—5
United Eng & Fdy
.---.5
200
X5
"
(1941
Railroad & Indus. Cos.
,y
United Drug Inc
1,400
31%
53%
378
ft
3%
Share'
Lowest
578
5%
53
14%
14%
37«
$ per share
4%
*31%
5%
'102% 105
14%
378
3%
*234
♦8434
105
14%
*4%
5
5%
*102
105
105
5
•
Week
46
46
4%
3134
53
3134
53
53
Feb. 27
ft ft '
N. Y; STOCK EXCHANGE
Week Ended Feb. 27
Range for Preoious
—Wear
EXCHANGE
2%
*178
2%
45
4%
the
Feb. 26
share
$ per share
584:
584
534
45
32
*31
.
534
2
45%
28«
438
per
534
534
46
*45
$
$ per share
578
*584
Friday
Thursday
i
1
On Basls of lO^Share Lots
NEW ftYORK STQCK
166""lOO4
1014
...
123
♦1054
108
1054 1054
1094
84
1094 HIV*
'ft
U
Union Elec Co of Mo 3?*S—. .1971 l/N
f {♦Union Elec Ry (Chic) 53— .1945 A O
Union Oil of Calif 6s series A. .1942 F
.1959 F
A
1094
84
3s debentures
...
Union Pacific RR— }
•
1st & land grant 4s.—
8
4
*100",4
A
100
110
.1947
100"
1094
1034
103 V*
1005*
1004
974
.19.80 ./
United Biscuit 3 Vis debs—. .1955
D
1034"
4
O
United Clgar-Wheian Sts 5s. .1952 A
O
"754
.1953 M 8
944
United Drug Co
(Del) 5s
75 ft
95?*
965*
98
1054
1064 107
09
,
754
93 4
974
1044 105
*1044
1942 MN
98 V*
96%
754
94 4
V/S
♦100' :
U N J RR & Canal gen 4s—.1944
•'*
1094 111
97 4
.1971 MN
.....
6
100",«l0l "j.
100
1024
97.4
97V*
103 4
.1970
J
Ref mtge 3Jis ser A
100 4
110
34-year 3 Vis deb
35-year 3 Vis deb..
;
...
;t"
United Htates Steel Corp—
*18%
18
1^
18>
'8
18%
12'8
2
12 %
*119% 120
12%
18%
19
18%
12%
120
*119% 120
120
11%
6%
6%
6%
0%
6%
6%
34%
5-*«4
35%
34%
34%
34%
'8
82
8178
10%
11
120
6%
34%
♦81
,
18%
IPs
*18%
120
82
*10%
11
*81
82
10%
*81
11
x.
6%
34%
82
10%
0%
12
18%
200
12%
*18%
4,100
120
120
200
*6%
67jj
600
34%
35%
89%
4,200
10%
1,000
*81
10%
200
Yale A Towne Mfg Co——
Yellow Truck &
.25
Coach cl B..1
100
Preferred
Young Spring &
Wire-No par
No par
15% Jan 2
11% Feb 26
111% Jan
5% Jan
3
2
Youugstown S & T
33% Feb 17
534% preferred series A.100
Youugst'n Steel Door—No par
78
Jart 12
i!0% Feb 26
19% Feb
4
13% Jan 14
Feb 13
120
7% Jan 19
37% Jan 13
84
Jail 14
12% Jau
5
15
Dec
10% Dec
109% Dec
5% Dec
22%
17%
Jan
Jan
120
Dec
Dec
Jan
95
Dec
*100
*1004
-.Nov
1943 MN
*100 4
May
1944 MN
-Nov
1944 MN
*1004
*1004,
*1004
*1004 '
1.3753—J
1.508
i——..Majfrgl
1.6254..
..
..
{■
1.75s
1.80s
9
"
O
2%
878
"
♦Bid and asked
.
_
2
prices;.no sales
9
87o
^
2
on
.
J ^£
k
this day.
2%
♦87g.
2
6
9%
2
&
f In receivership,
500
*878
2
L
a
&
3,100
0,IUU
Def. delivery.
Zenith Radio Corp
Nto
par
Zonlte Products Corp...
flUiiRC nuuuvw v/vip..—-
« New
stock,
r
Cash sale,
1
8% Feb 19
178 Jan 0|
v1
*0
x Ex-div.
y
10
Jan
5
'2% Jan 2d
" 1
Ex-rlghts.
8
Dec
1%
w
1578
Apr
^
• ,■
,
3%
"
f Called for redemption.
Apr
Oct
...
1942 MN
1943 MN
1.25s...
Jan
18%
May
1.125s
Aug
.
9%
j
.875s..—w—.—Nov
1.00s..—.——.—May
!
Jan
42%
76
.754
'
Jan
12%
29
Serial debentures
,
1.85s—
1.90s—..4
...Nov
1945 MN
1 1945 MN
..—..May
1 1946 MN
1 1946 MN
1947 MN
*1004
;-4.
.May
i_.Nov
1
For footnotes see page 901.
100 4
100 5*
1004 100»*
100 Vi 1004
100?* 100?*
1014 101?*
*1004
*1004
.1 1947 MN
100% 100%
*101 4
i—Nov
—
—
1014
•
101
101
1004 100%
1004 101
1004 100'%
THE COMMERCIAL &
Number 4051
155
Volume
901
FINANCIAL CHRONICLE
4
——
NEW YORK BOND RECORD
BONDS
Y. BTOCK EXCHANGE
N.
Last
Range or
~r
Week Ended Feb; 27
—
Price
,
§2
Friday's
Bid
dt
Asked
Sale
-
BONDS
Range
©
N. Y.
Since
©
Range or
Range
Sale
Friday's
Since
Inter st Period
STOCK EXCHANGE
Week Ended Feb. 27
1
Jan.
a; v.
Week's
Last
Week's
61
Railroad & Indus. Cos.
•->-
Low
(Con.)
100)4
100)4 101
100
100)4
1 1949 MN
*1004
.May
100
101
2.10s...... ......Nov
1 1949 MN
*10114
2.15s.......4... ..May
1 1950 MN
*10014
10114
10014 100)4
.Nov
1 1950 MN
101%
101%
100)4 100)4
100)4 101)4
101)4
100
101 4
100)4 10054
{♦Toledo A Chic Dlv g 4s— ,
♦Ctfs of dep (reorg mgr).. 1941
2.25s
1 1951
May
2.30s.
MN
*10014
*100)4
1951
MN
100 a
1
.....Nov
May
1 1952 MN
100 %
10054
2.40s
Nov
1 1952 MN
100 >4
........May
*100)4
10014
101 %
2.45s
100%
m>4 102)4
102
2.35s.
'
2.50s
.4.....Nov
1 1953 MN
1 1953 MN
2.55s
...May
1 1954 M N
loo
14
100%
100)4
100)4 102
100% 101)4
100"4
100 54
100)4 101
100)4 10354
102
1 1954 MN
2.60s..... .......Nov
.May 1 1955 MN
United Stockyards 4)4s w W..1951 A 0
Utah Lt A Trac 1st-A ref 5s_...1944 V o
2.65s.
JJtah Power A Light 1st 5s.... 1944 F
*4
90%
99)4
1976
♦Ref gen 5s series B
i
♦Ctfs of deposit
)
(assented)....
J
90)4
3754
27
♦Ctfs of deposit
7634
F
81
45)4
35)4
354
-
28
27 a
-
27
A
-
O
2754
7
24
28
22)4
22)4
22)4
26 54
23
i
'~14%
74"
108 H
1st coas 5s. > ..." ."...'..'..11.1958 4 O
Virginian Ry 334 series Ai—.1966 U 8
108%
91
70)4
'75
75
••
43
s
: ;:
• •
85 1
84)4
84)4
84%
1939
79
84)4
8454
78
41)4
41)4
35
8554
4354
~43~
41)4
43
34)4
Fa
f *2d gold 5s........
...1939
♦Ctfsof dep (reorg ingr)......
*
5
25
20
81 )4
30-year 5s
8554
guar.......2361
Registered.......a
2361
J
J
*95
100
A A*
i
M
-
-
97)4
96)4
9754
25
26)4
2754
95
MX
94 5
95
27
81
35)4
36
3
31
A;;'; A
Washington Cent 1st gold 48—1948 Q M
A -*•«.
-
3)48.1945
F
A Av
F
A
J
D
J
J
A
w
A
*
At-,'-
0
j
107
107%
-
A
A.
-
3s.....1954
Wheeling A Lake Erie RR 4s..1949
Wheeling Steel 1st 3)4s ser B..1966
J
D
Conv deb 3
54
101
O
■'A*
A*-
112
1
110)4
1/
S
"9354
40)4
112
114
93?4
10454
101)4
93
95
104 4
93
101)4
10654
100)4 102
46
"47
*43
45
37
4754
37)4
43
15)4
15)4
16)4
16
16 Vg
9
*4
.UN
114
114
*113
46)4
4714
102)4 103)4
113
104 4
J
50
45
13
103)4
*112
1947
1960
-
100)4 10154
43
48)4
45
103
103)4
8
79)4
109)4
Elec Power
3)4s —.1968
Wisconsin Public Service 3)48.1971
{♦Wor A Conn East 1st 4)4$-.1943
9
4
13
109)4
10954
106)4
"
15)4
101 »4
14%
10854 110
106)4 198)4
101)4
-100
*12
Youngstown Sheet A Tube—
119)4
107)4
109)4
110)4
121)4
109
110
11154
100
99)4
101)4 102)4
99
100)4
a
the year's range, d Ex-Interest, e Odd-lot
Under-the-rule sale not Included in the
Deferred delivery sale not included in
n
Cash sale not Included In the year's range.
{ Negotiability Impaired by maturity. 1 The price represented Is the dollar quota¬
tion per 200-pound unit of bonds.
Accrued Interest payable at the exchange rate
r
of $18484.
receivership, or reorganized under
securities assumed by such companies.
No sales transacted during current week.
{ Companlea reported as being in bankruptcy,
Section 77 of the Bankruptcy Act, or
88
91)4
101
11
97
54 1 02
....
10154
.....
sale not Included in the year's range,
year's range,
56
106)4
Wisconsin
1948 M 8
lstmtges f3)4sser D._.... 1960 MN
91
*103)4
47)4
44)4
45
1
101
101
48)4
M
Wilson A Co 1st M 4s A......1955 J
Conv deb 4s
105)4 10514
r.
35
10834
110%
9054
100)4
-
-
119)4
%
-
J
37.
A A
.
-
9034
"j
.
97)4
:
69)4
6
A
"
*9854
*
xr e
107
*105)4
-A A-
D
J
• '
794
78
-
-
*
83)4
101
J
West Shore 1st 4s
8314 86
99)4 101
28
If 8
44)4
MN
♦Ctts of den (reorg ingr).....
-
O
A**.
--
26%
85
1945
"Westchester Ltg 5s stpd gtd. —1950
Gen mtge 3)4s
1967
West Penn Power 1st 5s E
1963
1st mtge 3 )4s.series I.
1960
Western Maryland 1st 4s.....1952
1st A ref 5V4s series A—....1977
West N Y A Pa gen gold 48... 1943
W
{Wabash RR Co—
§♦ 1st gold 6s..4.-.:
4
2614
84 H ■■■:' 84
3 )4s...2000 FA
Washington Term 1st gu
1st 40-year guar 4s
107)4 109
108%
8514
84
88
28
*26%
AAv
0
{{•Warren Bros Co deb 6s... 1941
Warren RR 1st ref gu g
91
91
91
.4
75
69
72)4
30)4
____1951 J D
.......1960 M S
79%
82)4
{♦Su A Du dlv A ter 1st 4s..1936
♦Certificates of deposit——.
24
1948 M 8
Warner Bros Pict 6s debs
109)4 110)4
70
20)4
10
{♦Wis Cent 50-yr 1st gen 4s...1949
1
26 y
25%
AwA-
-
«
1955
.1955
6s debentures
Vandalia RR consg 4s series A.1955 F A
Cons s f 4s series B.
..41957 MN
*109%
2054
306
83 %
85)4
S4)4
♦Certificates of deposit,.......
.264 A-'*
*25%
A Vw'*
126
.1980
Walworth Co 1st M 4s
72 4
162
30)4
8214
84)4
83)4
28
•
iVa Elec& Pow 3%a ser B.....1968
iVa Iron Coal A Coke 1st g 5s.. 1949 M 8
J
,Va A Southwest 1st gu 5s.....2003 J
30)4
28)4
83%
28 54
2634
%
3014
2854
30
24
16
27
26
1
High
30)4
23)4
8
>28
28
A.
♦Ctfs of deposit (assented)
S
81
77%
50
39)4
75
214
47 54
39
27)4
(assented)
♦Ref A gen 5s series D
M
■
8954
75%
Low
3354
33)4
*80)4
M-
28
1978 AO
*Ref A gen 4%a series C
M S
Westlnghouse El A Mfg 2)4s..l951 M N
im
..J High
1946 M 8
Winston-Salem S B 1st 4s
101)4
99 54
99 H
89
47% .46%
38 H •3714
-
99 54 102
100
99
99 %
A
a*'*
•:
{♦Wabash Ry ref A gen 5%s A.1975 M S
^Olfs of deposit (assented)*
■v
9754
93)4
94
94
.M
3
J
Jan.
Asked
1950 UN
West Va Pulp A Paper
Gen mtge 4s
d:
Low
—
J
1971
Western Union Teleg g 4)43...
,,3754
■
....
*32
series A
—19.81 J
Gen mtge Inc 4)4s series B—1991 J
1st intge 4s series A........
102
95
*39)4
Since
Bid
Foreign Govt. & Mun- (GonctJ)
G9}i
6954
*8914
*-*;.. «■
{♦Omaha Dlv 1st g 3)4S —1941
♦Ctfs of dep (reorg mgr)..-....
2.20s.....
High
25-year gold 53
r
Friday's
Price
♦5s assented..
-
Range
Range or
Sale
\
*69)4
§*Des Moines Dlv 1st 4s—
♦Ctfs of dep (reorg mgr).. 1939
101
Last
S fc
Week Ended Feb. 27
Jan. 1
No. Low
High
.
BONDS
STOCK EXCHANGE
N. Y.
{♦Western Pacific 1st 5s ser A. 1946
5*Det A Chic Ext 1st 5s—
♦Ctfs of dep (reorg mgr)..1941
101%
101%
10114
*100 %
Low
{Wabisb RR Co (Concluded)—
♦ 1st lien g term 4s
.....1954
♦Ctfs of dep (reorg mgr).
:
.
*100>4
2.05s...
High
No. Low
High
Railroad & Indus. Cos. (Con.)
(Con.)—
Serial debentures (Conc uded)
1.95s
May 1 1948 MN
1 1948 MN
2.00s............Nov
Bonds Hold.
Asked
&
1
^
United States Steel Corp
Bid
Price
Week's
Friday
Frldaj
Friday
*
103)4 104)4
Friday's bid and asked price.
♦
Bonds selling flat.
NEW YORK CURB EXCHANGE
NOTICE—Cash
footnote
In the
last
to include
and
every
STOCKS
Par
Price
furnish
we
a
-
complete record of the transactions on the New York Curb Exchange
Range
of Prices
Low
High
Last
Week's Range
for
(Continued)
Sale
of Prices
Low
High
Week
Shares
Low
Week
Par
High
Price
Shu res
Low
Week's Range
for
Sale
of Prices
Low
High
Shares
High
1954
10
5(H)
Jan
19
22)4
Common
Jan
5
5
5)4
4%
5)4
500
41
Jan
5)4
5)4
Feb
Assoc
Air Associates Inc (N J). .1
8
8
8
100
6%
Jan
8)4
Feb
Assoc Tel A
158
Jan
1)4
Jan
Atlanta Birmingham
-1,000 -t-154
Feb
-1)4
Jail
4)4
Aircraft Access Corp...60c
Air
1)4
.2
investors common..
1)4
10
Conv preferred
'»u
Warrants
81)4
80)4
9614
77)4
81)4
"96?4"
Alabama Gt >outhern..50
9654
*
Investment
81)4
Atlantic ltayou
Jan
Jan
Atlas Corp
1)4
Feb1
Atlas Drop Fcrge
Altorfer Bros common
Aluminum Co
Jan
1854
250
18
Feb
1834
Jan
22
100
21 )4
Jan
22)4
Jan
96)4
112"
112
300
9754
11354
1,050
100
preferred
on....10c
10c
— *
*
Amer Cities Power A Lt—
Conv class A
25
Common class B
"loo
Class A
Cyanamld class A. 10
—10
Lines com..l
Class B n-v
Amer Export
•i»
Jan
4
J4
Feb
,
25
——25
'18
—
150
54
Jan
8
Feb
68
Feb
4)4
22%
Jan
35
Elec.—10
454
Feb
5
Jan
26)4
26)4
26
400
334
3)4
1,400
31)4
34
300
Feb
13
Jan
3
400
Mfg—
A com
5
Refractories lnc...l
Baumanu—See
Jan
Jan
lit
Feb
12)4
2054
Jan
$1.50 conv
Juu
Amer
100
11
Feb
1854
4,400
18
Jan
475
100)4
1)4
Jan
2)4
284
Jau
Feb
25
29)4
Jan
32
Feb
16
Feb
18
Jan
Laundry Mack...20
16
2054
20
2054
250
Feb
Feb
1854
Jan
104
Jan
21)4
25
6% preferred
25
Amer Mfg Co common. 100
Preferred
loO
Amer
Lt A Trac com
Maracalbo Co
— —
Amer
10
Republics
27
Feb
Jan
20)4
Jan
x22
1,400
1,000
5)4
1,600
4
Jail
"5)4
554
85
.
%
45)4
50
44
Jan
Blauner's
Feb
034
2)4
Jan
Feb
Jan
'a
Jan
48)4
Jan
2)4
Jan
3
Jan
2%
Juu
2
%
Jau
Feb
2)4
Jan
Jan
1)4
Jan
Feb
9
Jan
2
2
Anchor Post Fence
"a
Angostura-Wupperman . .1
Apex Elec Mfg Co com...*
Appalachian Elec Power—
100
preferred
8
734
Jan
7%
99)4 101
54
*
Isa
10
7)4
preferred
Arkansas PA L $7
-
83
pref—*
Feb
103)4
5)4
6
Jan
4%
8%
Feb
Jan
Jan
Jan
1)4
734
Feb
•87 )4
Jan
J4
600
"% l Jan
7)4
200
7
10
83
83
Jan
Jan
*
$3 opt conv pref..
*
Boliack (H C) Co com...*
7% 1st preferred
100
Borne Scrymser Co
25
4)4
4
4)4
70J
7% 1st preferred
84
22
1
Aeronautical... 1
Bridgeport Gas Light Co.*
Bridgeport Machine.....*
Brill Corp class A
8
Feb
Class B
534
Jan
7%
3)4
Jan
454
Jau
904,
Jan
Feb
Jan
22
Jan
'a
Jau
Canadian
1454
15)4
3)4
1,600
14)4
Jan
16%
Jan
Capital City Products..-*
Jan
600
50
31
Jan
3)4
113%
31
Feb
3254
Jan
2%
Feb
Carman A Co
preferred
—*
*
100
Brillo Mfg Co common..
Gbw
A
.
-
Jau
Jan
15)4
Jan
17)4
Feb
24
200
2)4
Feb
2)4
Jan
2)4
24
100
2)4
Jan
234
Jan
214
F'eb
2)4
Feb
34
8)4
Jan
54
9)4
100
7a
1,600
9)4
9
7)4
74
200
14)4
"1434
Y,606
54
33"
33
)4
33)4
300
100
25
Jan
54
.
12
Jan
Feb
Jan
54
Jan
Carrier
Corp common... 1
Jan
Carter (J
38)4
Jan
Casco Products
*
654
Feb
Jan
..Feb
Cent Hud G A E com
32
Feb
35
Feb
Cent N Y Pow
Jan
107
Feb
111 14
Jan
50
101
Feb
103)4
Jan
5
100
3
T"
5
3
4)4
Jan
5
Jau
Jan
Jan
3)4
754
Jan
Jan
600
1
*
7% Pf 100
5% pref. 100
Prod
1
5)4
654
Jan
Jan
6)4
1,500
Feb
2)4
54
4)4
6 34
4%
5)4
Cent Maine Pow
F'eb
Jan
6ie
100
Catalln Corp of Amer
Jan
16)4
)4
42
50
101
Jan
Jan
3
10
Jan
107)4
101
W) Co common. 1
10
Jan
14
39)4
107
pref...*
*
Feb
38)4
14%
54
11
class B—*
$6 preferred
'a
%
II
11
Carnation Co common...*
Carolina P A L $7
%
Jan
114
134
F'eb
108
3
31
Jan
Jan
Jan
2)4
1
Marconi
Jan
15)4
3
3
114
100
7% preferred..
9)4
Jan
90
74
Feb
85
Jan
7
75)4
74
Jan
8
Jan
99
Feb
107
Cent Ohio Steel
4%
Jan
5
Jan
Jan
41?
Feb
Cent A South West
32
Feb
Cent States
Cent Pow A Lt
41
41
41
20
35
7% pfd 100
5)4
5,4
50
30)4
Jan
100
5)4
F'eb
6)4
Jan
Jan
%
Jan
6% preferrred
7% preferred
154
32
32
Jan
Feb
Conv
6a
6
534
6)4
2,700
954
854
934
1,300
4)4
8)4
Jan
Jan
Feb
2
'a
6)4
9)4
Jan
Jan
Jan
preferred
Conv pref opt
754
7)4
1,700
"2)4"
""466
7)4-
6)4
20
2)4
Feb
Jan
Jan
24
Jan
134
52
56)4
3)4
"52"
3
"55)4
500
"250
2)4
Jan
*i«
2)4-
814
Jan
20)4 Jan
Jan
'11
Feb
Feb
1
Chamberlin Metal Weather
Jan
Jan
14 4
31)4
Jan
Jan
Jan
)4
Jan
Feb
9)4
Jan
Jan
Feb
To54 "1054
1,500
Jan
3
Jan
Jan
4)4
Jan
9)4
1
Jan
%
Jan
&i6
Feb
1154
Jan
6
Charls Corp common...10
10
10
25
Feb
1034
78
Cherry-Burrell common..5
Chesebrougb Mfg......25
434
31)4
Jan
•a
"166
3)4
1054
Chicago Rivet A Mach.„4
13)4
Jan
ist
3
ser'29.100
Jan
Feb
14
Jan
100
Cessna Aircraft Co
Jan
Feb
)4
54
Chicago Flexible Shaft Co 5
55)4
400
6i«
~14 ""4
100
100
Jan
Jan
54
*a
'iu
54
~
494
44
75
100
99
100
Utll 50c
Elec com
1
14
32
100
Preferred
Jan
13
Jan
Feb
Strip Co
Jan
Jan
Jan
7)4
100
$5 2d preferred
*
Brazilian Tr Lt A Pow...*
5
13
Jan
---♦4
*
..*
Canadian Industries Ltd—
3,300
Bourjols Ino—
—*
Bowman-Blltmore coin.. .*
6)4
"200
54
1
Class B non vot
94
Jan
1
400
1
""554 ""554
Art Metal Works com
For footnotes see page
96 54
-H
Equipment Corp. —.1
5
Ashland Oil A Rel Co
1
Amoc Breweries of Can..*
50
Jan
Canadian Dredg A Dock.*
7)4
com..—*
common—.—*
Brewster
Arkansas Nat Gas com...*
Common cl A nou-vot.
1
Feb
Jau
Castle (A M) common..
(E W) common.—— 1
Blue Ridge Corp com
1
Breeze Corp commou
100)4
Feb
14
2)4
Jan
Feb
Jan
Jan
1,000
1
914
Furniture. 1
Bliss
Jan
2)4
Jail
13
Feb
100
Canadian Indus Alcohcl—
A Machine Co
Jau
2)4
254
12)4
Feb
54
200
7% partic preferred...25
Birdsboro Steel Foundry
Feb
2)4
"254
Feb
934
13
100
Canadian Car A Fdy Ltd—
Jan
3 54
5)4
common.—*
$2.50 preferred
;—*
14
*
preferred
Jan
Jau
114
1)4
1)4
1)4
Can Colonial Airways... 1
Bickfords Inc
27)4
Feb
>a
400
45)4
54
Jan
Feb
Blumenthal (S) A Co
Corp com *
»
Writing Paper com.*
4)4%
554
2)4
Jan
3%
x6%
5)4
com..10
pref—.20
Corp.....I
Bell Aircraft Corp com... I
Bellanca Aircraft com
1
Bell Tel of Canada
100
Benson A Hedges coin...*
Conv preferred-.
*
Jati
-
15)4
91)4
,.4i«
%
F:state..20
454
300
BrummellTtes Inc.-l
Feb
'it
*22
Thread 5% l>f. -5
$6 series
American
Aro
Jan
Jan
7934
2054
®n
*22
1st $6 preferred
6%
1114
20
fc'cal-Kap common. .2
Am Superpower
Amer
Feb
10
Potash A Chemical.*
American
Amer
800
10)4
Jan
F'eb
£1
3354
Feb
Jan
26)4
1
*
Amer Meter Co
10-"
10
50
13
50c
Class A voting
Beau
Berkey A Gay
Amer
3
"Ludwlg"
Beech Aircraft
H54
18%
100
1234
54
California Elec Power... 10
%
Jan
IB
Jan
Feb
Cable Elec Prod com..50c
Jan
600
$1.20 ronv
24t4
16-
28%
Barlow A Seelig
Jau
14
41)4
31)4
700
10
1154
40
84
Burry Biscuit Corp..12)4c
Feb
30)4
Jan
31)4
1,100
50
%
Callite Tungsten Corp. —1
Canada Cement Co Ltd.*
Feb
354
3034
3)4
Barium
Jan
13
dep rets..
Feb
3)4
Feb
1
Feb
3054
1934
General Corp com 1 Jc
$2 conv preferred
$2.50 conv preferred.—1
Amer Hard Rubber Co—50
25
30
Jan
26
100
454% preferred.
Amer
934
934
*
$3 pref
Burma Corp Am
Vot trust ctfs
com.l
Stainless Steel... 1
14)4
100»4 10154
1854
13)4
84
Jan
Feb
200
varrauts for com.
Purcb
7% pieferred
Feb
II54
Fork A Hoe com..
American Gas A
1334
Jan
Feb
7a
Jan
80
33
4)4
Beaunlt Mills Inc
Amer
'a
Baldwin Locomotive—
33 (4
Amer Foreign Pow warr—
Bunker Hill k Sullivan 2 50
Burco Inc
Calamba Sugar
*
Babcock A Wilcox Co
2(H)
,
1334
84
...25
prelerred
A ?n den 5 Xi °Z> oref she
Feb
5,20(1
3154
Jau
B
'ji
34
x'21% x2114
Jan
2)4
53
Jan
Cables A Wireless Ltd—
Basic
34)4
32)4
10
Collieries 1
Class A common
Ayrshire Patoku
Feb
Ja.i
®i«
Jan
Jan
Jan
J an
10)4
Axton-Ftsher Tobacco—
Jan
%
Ja
9
2)4
334
3)4
Jai
Jan
9
800
x21%
Jan
Jan
Jan
Feb
47
35)4
$5 1st preferred
Jan
24
•400
9)4
100
$1.60
Jan
Jan
'n
9)4
24
3)4
2)4
BaldwLi Rubber Co
25
1
-
Class B_.
Amer
24
.154
54
1154
common.5
50
Jan
Feb
514
Ja
714
65)4
400
40
53
2
Feb
Jau
Jan
Jan
~~8~
634
13)4
Jan
$5.50 prior pref..
1654
Jan
13
96
8~
preferred
$3
Jan
4)4
134
Jan
Jan
300
2?4
114
Buff Niagara A East Pow
Jan
7
1334
400
15
Jan
90)4
%
Jan
*"400
6)4
14)4
13)4
150
\%
Bruce (E L) Co
6
14%
(B F) A Sous com.5
American Capital—•
Class A com
7
com...5
~2 34
50
2)4
Buckeye Pipe Line
13
92
Board Co com.l
Amer Box
1)4
Rubier Co coin.
Jan
Jan
Warrants
3)4
100
American Book Co
14
14
$6 preferred
Jan
6% preferred x-w
92
2054
800
7)4
.1
Brown Fornaan DlstllleiB.l
3)4
7a
6% preferred w w
77
30
British Col Power cl A.
27 4
Feb
6is
Jan
ord reg.. 10s
Jan
3
Jan
Jan
Feb
Feb
%
Am dep rets
Jan
22
1,000
Feb
4)4
74)4
24
25
3)4
105
150
23
26)4
11414
76
1
American Beverage com..
Feb
Jan
Feb
12)4
92
109(4
354
Feb
96)4
112
75)4
Aluminium Ltd common.*
Jan
Feb
Feb
Jan
Jan
12 %
Aluminum Industries com *
Feb
400
Plywood Corp.. ..*
Auburn Central Mfg
*
Automatic Products
1
A utornatic Voting Macb..*
Avery
100
Aluminum Goods Mfg—*
6%
Jan
—
common...*
preferred
6%
"a
18
Feb
3
3)4
warrants
2'4
22
22
400
2614
Co..50
Corp
1
Atlantic Ccast Line
Jan
54
25
Class A conv com
354
3)4
Feb
Feb
97
*
S3 conv preferred
%
109)4
334
Atlas
Allied Products (Mich)..10
Feb
Feb
British Celanese Ltd—
Brown
107
Allied intl Investing—
Jan
pref-.-1Q0
1
Alles A Fisher Inc com...*
Alliance
Jan
%
Jan
Jan
crd reg.—£1
Class A preferred
6% pf.iOO
Jan
91
13)4
Jan
Feb
ord bearer.£1
Am dep rets
Brown Fence A Wire com
Coast RR Co
2)4
preferied
Feb
»a
A
Atlantic Coast Flsher.es. .1
Jan
Ja i
102
Alabama Power Co $7 pf.*
$0
Jan
Ja
lia
Jan
Tel class A.
Atlanta Gas Lt
-
Feb
54
54
100
1
—*
Laundries of Amer.*
Alnsworth Mfg commou. .6
5
Jan
I32
$5 preferred..
Jan
Jan
la
Class A
Aero Supply Mfg Class A -1
Class B
1
High
Low
1154
•
Am dep rets
Elec—
i
Feb
Week
£1
dep rets reg
| Associated Gas A
19%
common.10
Price
*
British Amer Oil Co
British Amer Tobacco
Acme Wire Co
Range Since Jan. 1
Last
Par
Associated Elec Industries
Ainer
Sales
STOCKS
(Continued)
Range Since Jan. 1
STOCKS
Range Since Jan. 1
for
Friday
Sales
Friday
Sales
Weeks'
Sale
computing the range for the year.
for the week beginning on Saturday
ending the present Friday (Feb. 27, 1942). It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬
security, whether stock or bond, in which any dealings have occurred during the current year.
Friday
Last
outside the regular weekly range are shown In a
week's ranr.e unless they are the only transactions of the week, and when selling
No account is taken of such sales in
following extensive list
(Feb. 21, 1942)
tended
they occur.
which
In the
sales are disregarded
delivery
deferred
and
the week In
In
RECORD
YEARLY
AND
WEEKLY
•
78
50
72
Jan
83
Jan
49)4
5034
434
350
49
Jan
51
Feb
350
x4%
Feb
6
Jan
x4%
Jan
THE COMMERCIAL &
902
FINANCIAL CHRONICLE
Monday, M^rch 2, 1942
NEW YORK CURB EXCHANGE
prlday
STOCKS
I
Sales
Friday
Week's Range
for
Sale
Par
of Prices
Low
High
IFceifc
Price
Shares
%
10 J
Cities Service common..10
$6 preferred
10%
25
2%
Chllds Co preferred——100
3
49%
2.303
2%
,-*
49
49%
2%
Jan
49
250
4
...
48
75
Feb
77
Feb
Cities Serv P A L $7 pref.*
75
75 %
30
4%
Shares
Low
%
1,500
15%
250
..1
2%
2%
200
Esquire Inc
Eversharp Inc
•
3rt
15
Eureka Pipe Line com..50
100
31 %
Jan
Falrcblld
Aviation..
Jan
%
Feb
F'edders Mfg Co
Feb
loo
Cllnchfleld Coal Corp.. 100
Jan
35
Feb
6%
Jan
8%
8%
8%
300
7 %
Feb
2
2
2%
600
1%
Jan
Jan
6%
"*6%
*"*3f)6
5%
Jan
4%
4%
200
4%
F'eb
7 %
5
Fire Association (Phlla).lO
Florida P A L $7 pref....*
3 34
Jan
4
%
Jan
1
Jan
Coclshutt Plow Co com.*
3%
Jan
Feb
3%
Jan
7%
Jan
Class A non-vot..
*
Jan
%
Jan
Class B voting
50*
*
56
*
"io
56
93%
400
92
Feb
1%
bo 0 0
7%
5
.
Feb
92
93
9%
2%
7%
International
Jan
Jan
ord...
Colon Development
%
6% conv preferred...£1
Jan
64%
103
i
69
69
-100
29
27 %
Jan
4%
2%
72%
Jan
1
Commonwealth A Southern
1%
1%
L>s
Feb
34
Jan
12
13%
i«4
$3
Community Pub Service 25
15%
Feb
he
Jan
18
t c ext to
1946
1
8%
250
9
8
Interstate Home
10%
50
9
Jan
10%
Feb
28
Jan
he
10%
Jan
Irving Air Chute
20%
Jan
Jan
10
5%
1 <4
1%
2.8
300
1
Jan
1%
Jan
1
80!)
1
Jan
Jan
47
48
600
Jan
112
200
111
Feb
114%
Jan
Gen
102
50
101
Jan
102
Jan
Gen Gas A El $6 pref
1
Jan
1%
Feb
25%
Jan
Feb
29%
3%
Jan
92
Jan
Jan
1
4%
Feb
5%
8001
1%
250
-100
4
%
600
5
%
3%
Feb
Jan
'be
Jan
%
Jan
%
84%
81%
80
84%
88
Jan
12%
F'eb
15%
Jan
102%
Jan
Kansas G A E
%
Feb
Kennedy's Inc
Jan
F'eb
Jan
65
com...*
S3 prior preference.-.-*
Copper Ranee Co
..*
Cornucopia Gold Mines 5c
Corroon A
Reynolds
1
$6 preferred A
--*
7%
7%
88%
534
7%
33 %
\
"5%
534
56
Jan
7%
Jan
9 %
Jan
7%
Jan
8
Feb
103
6%
Jan
7%
Feb
69
Jan
21%
Jan
24
Feb
Feb
59
23
24
80
31
100
34
Jan
%
....
*
8%
1%
200
Feb
50% 49%
%
Feb
100
%
Jan
%
Jan
Jan
%
13%
9%
Jan
Jan
Jan
$5
Jan
Gilbert
49%
Feb
53%
Jan
90 %
1
Jan
Jan
82
Feb
Jan
7
Jan
101
Jan
32
Jan
79
Feb
92
92
;
88
Jan
92
88
Jan
95
Jan
....
.......
T. **
* .*t.
.......
111%
7%
98%
98%
25
97%
Feb
4%
4%
100
4%
Jan
53
Jan
Jan
1
Jan
39%
1 %
Jan
600
1%
Jan
%
Feb
7%
Jan
2
Jan
ColO
Jan
Knott Corp common....
1
Jan
7
34%
2
Jan
Feb
be
Kobacker Stores Inc
*
106
3 %
Jan
10%
8
F'eb
3
Feb
Feb
Jan
10%
Feb
Jan
Feb
"3% "3%
103
Jan
4%
90%
50
Jan
90%
Feb
Jan
Feb
12%
Feb
52%
13%
3%
96%
93
61
Kress (S H) special pref. 10
96%
Jan
4
Jan
41
Kresge Dept Stores—
Jan
100
Kreuger Brewing Co
3%
116
38
1%
1%
4% conv 1st pref
*
48
Jan
F'eb
Klein (D Emil) Co com..*
*
Preferred
Gilchrist Co
Jan
81
80
1
Koppere Co 6% pref.. 100
C) common..*
(A
Feb
80
Jan
2%
1%
Jan
100
Klrby Petroleum...
--.*
preferred
Jan
Jan
150..
%
50%
*
Georgia Power 56 pref...*
Jan
%
1%
7% pref. 100
*-5
Kleinert (I B) Rubber
53 preferred
5%
Jan
%
200
9
Kirkl'd Lake G M Co Ltd 1
100
6% preferred A
Jan
80
100
Co. 10
5% preferred D.
*
preferred
conv
Jan
4%
350
13%
9%
%
10%
Kingston Products..—— 1
Feb
200
l'ob
100
Kings Co Lt# 7% pf B.100
23%
Gen Water G & E com.
Cooper Bessemei
1
Jan
Jan
Jun
16
Jan
Ken-RadTube & Lamp A *
be
59
General SnarehoUIngs Corp
100
8
Jan
F'eb
7%
Jan
%
13%
13%
Feb
'
K
%
pref...*
Jan.
500
8
0%
Feb
hi
Jan
89
200
13%; 14
B..»
General Tire & Rubber—
Cook Paint it Varnish.... *
3%
Jan
Gen ltayon Co A stock..
Common
84%
28%Jan
27
Julian A Kokenge com..*
reg.fl
Jan
100
100
100
Feb
100
6% pf 100
Geu Puh Serv 56
4%
Jan
200
%
1
Johnson Publishing
*
Gen Outdoor Adv
10
Consolidated Steel Corp.*
Continental Gas & Elec Co
7% prior pret
—100
Continental Oil of Mex..l
Contine tal Roll & Steel..1
Consol Royalty Oil
100
6%
*
Co.
%
Flreprooflng com...*
56 preferred
Jan
Glass
5%% preferred
6% preferred—
7% preferred..
Feb
1%
1%.
2934
1%
29,'4
Amer dep rets ord
Jan
3%
Consul Min A Smelt Ltd.5
10
%
1
3%
General Investment com.l
1%
29%
44%
Jun
Jan
Jan
88
*
111
Consul Retail Stores—.1
8% preferred
General Alloys Co.Gen Electric Co Ltd—
102
111
Jan
Feb
44%
10b
preferred
1%
52%
*48*
4%% series B pref.,100
4% pre! series C
100
Cousol Das Utilities
1%
1
Console EL P Bait com.*
Jan
C
Jan
Jan
Jan
Gellman Mfg Co cora__._l
1
•5
F'eb
Italian Superpower A....*
*
Common.
Corp.l
9%
Jun
16
Feb
Jeannette
-
Conu Telep & Elec
Jan
K
Royalty
1
Iron Fireman Mfgvtc...*
Gatlneau Power Co—
Consul Biscuit Co
Jan
9%
Jun
Jersey Central Pow A Lt—
pfe*
Garnewell Co $6 conv
Common
$3 preferred
13u
Jun
7%
100
27%
6%
Investors
Jan
Jan
Secur
Conn Gas A Coke
O
pref.*
Feb
27%
44%
25
Feb
,
Bio
Interstate Hosiery MUls.
8%
28
%
8%
300
%
27
Feb
19%
28
9%
Jan
9
Jan
Jan
9
,r
*
Equip.. 1
Feb
Compo Shoe Mach—
V
1,000
1%
Jan
Jacobs (F L) Co.
Community Water Serv-.l
9%
Jan
1,200
.8%
Jan
8%
13%
1
stock
%
Q
12%
4% conv preferred...100
conv
7i«
2
1%
300
*
Jan
i 1
Jan
F'eb
...
Jan
Jan
Jan
Utility—
Class B--
$1,75 preferred
$3.50 prior pref.
11
15
Jan
Jan
Jan
4
-9
Conv partlc pref
Feb
Jan
%
Jan
Class A_„—
Jan
10
...
Fuller (Geo A) Co
Warrants
Commonw Distribution.. 1
Jan
8%
77%
13 A
International Products..
V;.j\;••
25
1
Jan
1%
Internat Safety Razor B.*
Interstate Power $7
1%
Jan
1%
Petroleum—
13%
Brewing Co.
Frankll.i Co Distilling..
%
134
3u
Feb
700
69%
1%
Co warr...
300
Froedtert Grain & Malt-
4,900
68%
7.
Jan
1%
Fox (Peter)
Jan
12
Fort Worth Stock Yards.
Jan
Common
Columbia Oil & Gas
1%
' Jan
Jan
x!2
10%
—.
27 %
100
29
1%
Motor of Canada-
Feb
150
Columbia Gas & Elec—
5% preferred
Ford
134
4%
Colt's Patent Fire Arms .25
Jan
Feb
12
68%
Registered shares.....*
International
dep rets ord reg..£l
66%
Colorado Fuel A Iron warr.
3k
7%
68%
100
Coupon shares........*
Jan
;
Am
High
Hydro Elec—
Internat Paper
Jan
Ford Motor Co Ltd—
U 7
Low
Jan
Feb
Club Alum Utensil Co.-t*
Cohu & llosenberger Inc.*
Range Since Jan. 1
Shares
Internat Metal Indus A.
1
14%
4%
High
International Cigar Mach *
Jan
Jan
31
7% preferred
Insurance Co of No Am-10
Jan
50
Internat Industries Inc.-l
Jan
.....
Low
1
Feb
2%
Price
,
V t c common....
Jan
2%
21
Jan
Industrial Finance—
Jan
Jan
4%
Jan
Week
Par
Jan
1
for
of Prices
Pref $3.50 series
l-'ed Compress A W'h'se 25
31%
.....
h«
16%
Jan
2%
Week's Range
Sale
Intemat
he
Cleveland Tractor com..*
Jan
Jan
2%
Last
High
Jan
19
1
com...
14%
Clayton A Lambert Mfg—4
Cleveland Elec Ilium....*
High
*i«
F'alrchlld Eug & Airplane. 1
Falstaff Brewl ig_
1
Fausteel Metallurgical...*
Claude Neon Lights Inc-1
Low
Sales
STOCKS
(Continued)
Jan
8254
'
$6 preferred
*
City Auto Stamping
*
City A Suburban Homes 10
Clark Controller Co
1
Price
Range Since Jan. 1
15%
Jan
52
Week
1
preferred
conv
Feb
4 34
Jan
$3
Friday
for
of Prices
Equity Corp common..10c
Feb
334
Jan
$6 preferred BB
34
Jan
1'eb
55
Feb
— ...
60c preferred B
he
14
Jan
Week's Range
Sale
Par
High
Jan
8
Sales
Last
(Continued)
Low
Consul Ml ilng...
Chief
STOCKS
Range Since Jan. 1
Last
(.Continued)
12%
"266
13
1
Feb
Jan
Jan
Gladding McBean A Co.*
com...l
Cos den Petroleum
1%
Jan
Glen AlJen Coal
16%
Jan
Gtdchaux Sugars class A.*
2%
Feb
1%
13
Feb
Feb
600
2%
14 %
Feb
16%
Jan
600
4%
Feb
5%
Feb
J3j
Jan
he
Jan
%
Jan
%
5%
Jan
Feb
Grand Rapids Varnish..
Jan
Great Atl A Pac Tea—
5% conv preferred...oO
Courtaulds Ltd—
12
12%
10%
Jan
31
12%
31
50
31
Jun
99%
20
99
5,401
Class B
stocks...£1
Creole Petroleum
5
Crocker Wheeler Elec.—
Adrs ord reg
1434
5}4
5%
1 434
5%
Croft Brewing Co.......
57
5 >4
4%
400
%
534
%
.200
Jan
%
7% conv preferred...25
2
Jan
18
%
21
Jan
*99
99
GolJfleid Cousol Mines.
Gorham Inc class A
preferred—
Non-vot
stock..
7% 1st preferred
Jan
Lake Shore
Jan
Lakey Foundry & Mach.. 1
Lamson Corp of Del
5
Jan
'
23%
3%
Jan
'u
Lackawanna RR (N J). 100
Mines Ltd..l
Jan
1%
24%
Jan
Feb
29
Jan
Jan
4
Feb
124
124
2%
300
3%
Jan
201
79
Jan
25
82
80%
124
Feb
124
3%
46
preferred..
10
Atlantic Sugar...5
14%
14%
4%
13%
Jan
4 %
Jan
Jan
15%
Jan
Gt Nnrthern Paper
6,4
Feb
Cuban Tobacco com—
*6%
Feb
6%
{Guardian Investors.....1
Gulf Oil Corp....-'.....'25
7
%
1,200
"30% "31%
2.766
%
30%
Gulf States Utll $5.50 pf_»
D
56 preferred
131
Jan
14
Rubber Mfg.--.1
Dayton
7
7
6%
50
35
Class A conv
7
■;
Jan
x2ya
xY%
x3%
%
Jan
7%
Conv
Jan
1
1%
1
Jan
37
_
prior preferred
50.
8% debenture
100.
Derby Oil A Ref Corp com*|_
A conv preferred
*,
Jan
600
$6
1%
1%
200
Jan
Line
Jun
Jail
Lit
Jan
Locke Steel Chain
F'eb
Feb
10
1
%
7%
Jan
1
1%
ccm..l
Paper Prod....l
Prod
10
vilolss Co cuiiimon__10
Feb
1%
ht
Jan
11%
Jan
100
{Detroit
Detroit steel
De
Jan
13%
-*
Hecla
Feb
Mining Co
25c
Helena Rubensteln
Jan
4 34
434
100
F'eb
5%
DoDeckmun Co common. 1
xl8
x\8
xl8
100
26
"loo
""5%
5%
Jan
Hewitt Rubber
10
200
3%
Feb
4%
Feb
4%
Jan
6
60
20
60
Feb
67
Jan
9%
9%
6%
6%
2134
21J4
50
21%
Feb
24
Jan
Jan
110
110
"500
1%
cl B com *
Duro Test Corp common.1
Duval Texas Sulphur..
Durham Hosiery
Feb
Jan
67
Iiildock
Products
Jan
H ormel (Geo
H
Horn A Hardart
%
2 %
Jan
%
Feb
Jan
6%
900
Jan
9i«
734
F'eb
7%
Jan
<rn
75%
8
834
134
com *
Horn A Hardart
134
Jan
Jan
100
51
100
31
3%
17
1
%
$7
Feb
20%
Jan
2 %
preferred series A..*
15
14%
27%
8%
Jan
Jan
9
6%
23%
Jan
Jan
6%
5%
10
Jan
Mangel Stores
6%
Jan
24
Jan
Iao
5
*
*
—
..----*
*
29
Option warrants
Jan
12
Jan
28
Jan
30%
Feb
26%
175
26%
13%
a:51%
n%
'""56
13%
51
5%
Jan
Jan
Jan
1
Jan
27%
Jan
17'
17
Jan
11*200
F'eb
60%
Jan
Jan
58%
3,100
53%
Feb
63%
Jan
4%
200
4%
F'eb
6%
Jan
*u
26
26
25
26
5%
800
F'eb
5
F'eb
78
5
Empire Dist El 6% pf 100
Feb
9
28
5%
81
'
%
*1
Jan
Jan
couv
arrear
16
500
ctfs
Jan
Jan
Jan
%
21%
21
1%
ii%
&
11%
503
21%
1%
60,1
12
500
105
Feb
5%% preferred
105
F'eb
Indiana Service 6%
100%
Jan
F'eb
Jan
110%
Jan
115
Jan
For footnotes see page 904,
250
19%
5
Jan
Jun
102
Jan
19%
19%.
20
Jan
100
16%
Jun
800
13n
Jnu
1
Jun
27
Jan
Non-voting class
5%
Jan
Class B
1
2%
Jan
2%
500
Jan
1%
Jan
"*2% "Jan
3%
Jan
%
1%
300
Jan
%
Jan
1X
Feb
,'V: 1%
Feb
"n
Feb
1%
1%
100
7%
7%
100
7
F'eb
99% 100
3%
3%
1%
*
80
90
Feb
1 %
7%
126
15
Jan
19%
Merchants A Mfg cl A..J
2%
Feb
Feb
25%
Feb
27
58%
Jan
4%
Jan
5%
5
Jan
3%
Jan
Jail
Jan
3%
Feb
Jan
Jan
900
Jan
Jan
Feb
Stores
%
F'eb
8%- F'eb
15%
Jan
2%
18
Jan
Feb
Participating preferred
Merritt Chapman A Scott *
'Warrants
5
5%
400
5
"93% 106"
"*75
94
5
Metal Textile Corp
Partlc preferred
Jan
%
...
6%% A preferred.—10b
Messabi Iron Co
i
98%
1%
li.
26
Jan
Jan
Jan
Jan
5%
Jan
Jail
"i«
25
..*
%
21
1%
10
2%
5%
Feb
%
%
101
Jan
Jan
Feb
1%
1 %
27
Feb
Jan
l'eb
Jan
Michigan Sugar Co
Jan
Jan
23%
2%
13%
Preferred
..10
Micrornuttc Ho>e Corp._l
Middle Stats Petroleum—
Jan
2%
Jan
F'el
Feb
Jan
*
Class A vtc
Jan
106%
%
Feb
Jan
F'eb
4%
Jan
700
%
Jail
1 %
Jan
400
%
%
4%
6%
Jan
8 %
Feb
5
1
%
8
1
2%
1
%
100
6
Jan
6%
Jan
200
8%
Jan
9
Jun
Middle West Corp com..5
Midland Oil Corp—
$2 conv preferred
*
Jan
9%
Jan
Jan
5
Jan
Feb
3
Jan
500
Feb
Jan
3%
F'tb
70
101%
Feb
107%
Jan
17
17%
Jan
18
Jan
Jan
18%
Jan
2%
2%
500
2
%
Midland Steel Products—
600
9%
2%
Jan
6%
Jan
3%
CUsS kvt C
52
non cum
Midvale Co
104
...
...
I
A—I
II
101%
%
Jan
0%
3%
pf. 100
Ilium Oil—
20%
A Co
6%
8%
8%
101
100
7% preferred.... —100
Indian Ter
26%
20
Indianapolis Power & Light
Jan
19%
16%
$4 preferred.—
McCord Rud A Mfg B_'..*.
McWilliams Dredging...*
200
Ireland...£1
Feb
10%
Jan
Feb
Imperial Tobacco of Great
98
Empire Power part stock *
4%
_____
1%
0%
Indiana Pipe Line—-.7%
103
Emsco Derrick & Equip.. 5
Jau
t C...1
6%
Registered..*
100
103%
Jan
3%
600
Feb
51
1,400
:
Imperial Chemical Indus—
Am dep rets regis...£1
Imperial Oil (Can) coup..
100
50
3%
102
Michigan Bumper Corp..1
Michigan steel Tube.-2.5b
-----
Illinois Zinc Co.........
Britain
v
56 preferred....
preferred...50
6%% preferred
7% preferred
8% preferred...
103% 105%
3%
Metropolitan Edlsou—
Illinois Iowa Power Co..*
6% preferred...
103%
Feb
2
3%
F'eb
Empire Gas A Fuel Co—
luO
Feb
23%
com.."
Jan
Feb
24%
Jan
Feb
Mercantile
Jan
Jan
1%
53%
%
Jun
14%
Memphis Nat Gas com..5
I
Div
9
25
Jan
Jun
300
Jan
Jan
2
.
Jan
%
111
Feb
50
?%
Jan
Jan
5
3,600
200
52%
25%
110%
13%
'""266
Jan
21
700
Jun
50
'
Communication Co Ltd.
Mead Johnson
1.
..li
Imperial Tobacco of Can.5
100
Jan
"2%
33
Jan
...
4
Jan
11
2%
15%
52%
Jan
16%
Electrographic Corp._.__l
Elgin Nat Watch Co...15
25
29
'7%
Jan
*2%
Jan
27
75
57%
-4%
F't b
Feb
1%
Massey Harris common.
May McEwea Kaiser Co
Fe
5%
16
44%
35!)
52%
57%
....
Mass Utll Assoc
Hygrade Sylvania
275
1 %
Jan
H
%
18%
:
Margey Oil Corp
*
Marion Steam Shovel...*
Jan
Jan
Jan
22
20%
m. 1
F'eb
F'eb
1
22
20%
.
16
14
1
1 %
%
51
1
Kill
preferred.....'
Mapes Coasol Mfg Co...*
17%
4%
......
1%
7
2,900
%
Jail
conv
F'eb
12
29
Co..*
com
55
Feb
13
300
100
preferred
5%
Economy Grocery Stores.*
Elec Bond & Share com..5
'
7%
Manatl Sugar opt warr.
Jan
1,250
2%
12
F'eb
M
Jan
Jan
Feb
2*.800
Jan
Conv 7% Istpf vtc.100
Lynch Corp common
6
11%
8%
2
100
Jan
Feb
;5
F'eh
.13;.;;':
%
.
1st prof.— 100
88%
6%
13%
Feb
%
'
*
Jan
8%
13%
Jun
14%
7% pref class A —.100
100
Loudon Packing
F'eb
Hydro-Electric Securities. *|.
Hygrade Food Prod
5|
175
Feb
7
74 %
Jan
"125
27%
6%
5%
•
....*
10
Feb
1%
31
15
14%
Feb
27
*
Lone Star Gas Corp
Jan
Jan
21
14%
14%
Feb
13
Jan
Huyler's
%
preferred series B_„*
%
Jan
Jan
LudwIgBauman A Co com*
Jan
Jan
29
Easy Washing Mach B.
Jan
....2o
Jun
Jan
8%
_*
ho
"
Louisiana Land & Explor J
Ikjuislana PAL $6 pref.*
F'eb
Jan
21
48%
1,800
%
common.—*
F'eb
25%
5%
1%
100
Jan
Jun
Jan
'he
3
1%
*
V to for 1st pref
Malleable Iron.25
Elec Mfg:
46
Jan
7
1,503
Fuel Assoc
Common
Emersou
,19
Jan
15
Hummel-Ross Fibre Corp 5
45 preferred—
Feb
%
Jan
Baking.*
Hussmaun Ltgonler
10
$6
125
*
A) & Co
Hubbell (Harvey)
$6 preferred
4%
(A C) Co common.. 1
Humble Oil A Ref.
Eagle Picher Lead
F'eb
1%
10%
Marconi lntl Mari-.e
75
2%
Horder's Inc
Jan
Feb
2%
70
2%
Jail
200
10%
75%
Hwlopliaue Co common..*
10U
Elec PA L 2d pret A
100
Holllnger Consol G M...5
...100
Eastern States Corp
Feb
Feb
60
10
4 34% l»"or pref
6% preferred
100
100
10
.5
common.
400
Dutnller Condenser Corp.l
Eastern
1,200
5%
10
Hoe (R) A Co class A... 10
—*
Driver Harris Co
East Gas &
Feb
If
20*
2
4%
-
5%
Brothers
Conv 7%
3
25
«
3%
Feb
1%
10%
3%
1,600
5
Jan
2%
Henry Holt A Co par A__»
4%
Dominion oteel at Coal B 25
7% preferred
109
1 %
100
3
*
Preferred.
Domi.dou Bridge Co Ltd.*
Duke Power Co
17
46
.*
Class A
Hevden Chemical..
Draper Corp
250
606
oreferred...50
conv
Heller Co common
Truck com..l
2%
F«*
F'eb
he
Diamond Slice common
Di» co-Twin
17%
1
non-vot common
Hazeltlne Corp
—10
preferred
18
Hearu Dept Stores com..6
Detroit Gray iron Fdy..l
200
5
6% preferred
Corp of America—
Hat
6%
Det Mich .move Co
3%
600
4%
18
1
Brewing Co
3%
25
Jan
8
2%
C%
~6T ""6%
5
6% pref class B.
6
Hartford Rayon v t c
6% preferred w w
2%
J1111
Feb
,
108
•
Hall Lamp Co
B
T"
34%"
Material Co...
Common
HartKrd Fllec Llgnt
Jan
100
6%
Long Island Lighting—
Jan
1%
Jan
100
Lip ton (Thos J) Inc—
H
...
Mfg.—l!
2q
Detroit Gasket A
Feb
Jan
Jan
100
%
Feb
F'eb
Harvard
1%
9
3
6%
4%
1
*36%"Feb
101
100
100
*
7%
F'eb
Feb
1%
44
preferred
35%
2%
llammermlll Paper
DennlsonMfg el A com.. 5
Jan
Feb
3%
Jan
Feb
6%
*
Jan
106%
Jan
21
Jan
Jan
Class B
F'eb
—*
Feb
2%
"266
si«
Jan
14
18%
1
Dejay Stores
Jan
Feb
6%
Mlils.*
100
6%
Leonard Oil Develop.. .25
I-e Tourneau (R G) Inc.-l
Gypsum LiuieAAlabastlne*
Darby Petroleum com.-.5
Davenport Hosiery
Jan
7
2%
Lefcourt Realty common.l
Feb
33%
*
Grocery Sts Prod coin_25c
Mfg.CoJMoKr_-.5
Curt,is
he
25
Gree"field Tap & Die
Curtis l.lght'g 1 nc com 2.50
100
Lehigh Coal & Nav......*
Greater N Y Brewery...1
1,800
'"-"2OO
14
1,600
Class A...— ..——*
Jan
Jan
83
Crystal Oil Ref com...
Cuban
7%
2%
Langendorf Utd Bakeries—
3 %
34
7
2%
7%
Lane Bryant 7% pref..100
Lane Wells Co common.. 1
23%
400
23%
4
2%
81%
100
Jan
23
23%
5
com
Jan
Feb
200
.*
Gray Mfg Co
Jun
Feb
9
100
1%
*
12%
Jan
he
Gorham Mfg common.. 10
1
com..25c
Drug Co
-*
32
Jan
7%
preferred
53
Crowley. Mtluer & Co.'.
Crown Cent Petrol (Md).5
Crown Cork Internal A..*
Crown
*
Jan
he
Feb
he
F'eb
—
%
%
700
he
Jan
3%
3%
800
3%.
Feb
4
Jan
8
Feb
8
F'eb
Jan
13%
Jan
14
Jan
♦
36
ivo
41%
Jan
..50
1
Jan
1%
6%
Feb
7
Jun
F'el)
14
Feb
dtv shares.*
common
Mid-West Abrasive
Midwest Oil Co
7u
10
Midwest Plpl ig A Sup...*
Mid-West Refineries
1
0%
14
6%
14
100|
50
11
1%
Jan
2 %
Jan
Jun
Volume
903
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4051
155
NEW YORK CURB EXCHANGE
Kales
Friday
STOCKS
Last
Week's Range
Kale
of Prices
Low
High
Week
Par
Price
Low
Shares
Minnesota Mln & Mfg..
Minnesota P A L 7% pf 100
35%
32
225
Feb
44%
Jan
Jan
82
Jan
Mississippi River Power—
6% preferred
100
Missouri Pub Serv
com.
Feb
Week
Price
5
i.l
'
28
5%
%
%
Feb
25
100
%
Jan
Feb
Penn Sugar Prop
Feb
Jan
56
Feb
Solar Mfg Co
Pepperell Mfg Co
30%
Feb
Sonotonc Corp
Feb
Feb
105
Jan
South Penn Oil..—
Feb
100
Jan
175%
43"
85
.100
20%
*
Pharis Tire A Rubber...1
Montana Dakota Utll._.10
155
30
150
155
"16"
Moody Investors part pf.*
"50
"io"
Moore (Tom) Dlst Stmp.l
0
161
Feb
1%
4%
Feb
L«
Jan
1%
Jan
2%
Jan
Jan
5
17%
%
Jan
Feb
300
4%
Mountain States Power—
12%
":9% *"6%
Jan
0%
12 x
111
Murray Ohio Mfg Co
*
Muskegon Piston Ring .2%
111
111
Jan
Jan
3%
Feb
Jan
3%
Jan
7%
4%
32
Jan
6%
Jan
Feb
36%
Jan
Feb
Feb
10
1%
Jan
6%
Jan
Pitney-Bowes Postage
Meter.....
5%
5%
5%
500
Jan
Pitts Bess ALE RR...5U
5
Jan
Jan
51
Jan
63%
Feb
10%
1,000
55%
Jan
Feb
63
Jan
11
56%
43
3%
11
55%
Jan
50
58"
Pittsburgh Metallurgical 10
Pittsburgh Plate Glass..25
*
1
"250
"59%
Jan
9
%
11
&I6
41%
Pneumatic Scale
8
Polaris Mining Co...„25c
Fuel Gas
Q
~~9X
*
•
£
Feb
13%
Jan
14%
Jan
Power Corp of
39
Jan
42
Feb
Feb
10%
Jan
10%
0
3
Jan
3
86%
89%
1,125
85%
Feb
95%
Jan
86%
86%
10
85%
Feb
93
Jan
2
Jan
2
100
5%
Jan
7%
24%
Jan
24%
Jan
Feb
"300
0
Feb
11
Nat Rubber Mach
National Steel Car Ltd..*
Refining.*
514% pref.10
National Transit....12.50
Nat Tunnel A Mines
*
National Sugar
0
National Tea
~o%
9%
3%
9%
;
3%
9
Jan
9%
Feb
23%
23%
28%
26%
Jan
%
100
Feb
Feb
%
Feb
%
122
preferred
122
Feb
Feb
6
2%
6%
Jan
7
Feb
2%
100
Feb
2%
25
27
Feb
27%
5
Jan
160
5%
5%
Jan
Jan
700
2%
27
27
27
13
%
14%
15
Jan
Jan
6
Feb
1%
Jan
18
Jan
Jan
Feb
1
Li
'ei
Jan
Feb
Lb
"k ~"~H
Jan
2%
100
2%
2%
2%
Jan
2%
%
Jan
%
Feb
%
Feb
3%
Jan
v
100^
800
Jan
2%
10
Jan
Jan
14
1 %
2%
2%
12%
Standard Cap A Seal com 1
Conv
Jan
0%
100
Stalil-Meyer Inc..
*
Standard Brewing Co 2.78
Jan
4%
Nebraska I'ow 7% pref.
%
%
100
%
Feb
%
2%
8
Nestle Le Mur Co cl A...*
1
2%
8
200
7%
1
100
Jan
Jan
2
Jan
Feb
Jan
2H
Jan
Jan
100
16%
Feb
4%
2%
19%
100
17
17
71«
'IB
,
%
Feb
L»
40
33
33
28%
27
"Oil"
Tel A Tel 100
New Haven Clock Co.
28%
1 %
Jan
Jan
30%
3%
3%
Jan
100
98% 100
97%
3%
Jan
400
Jan
12
68%
1%
Jan
Jan
New Process Co..
Feb
Jan
*
Rosario 10
10
15%
2%
Jan
7%
9%
Feb
is
Jan
93
Feb
9%
Jan
84
7% pref. .100
$6 preferred
N Y Shipbuilding Corp-*
Founders' Shares
N Y State Elec A Gas—
Jau
107
10
107
107
22%
*
93%
44%
Feb
100
/Jan
91 %
Feb
07%
Jan
25%
10
98%
Feb
6%
98%
6% Pf.100
Feb
102
Jan
.
23
23%
Feb
Feb
27
Feb
%
Jan
100
100
1%
1%
Jan
Jan
53
5,500
02
61%
63
100
50
50
1
10
50'
*
Jan
L»a
Class A opt warrants
Jan
Jan
2%
2%
12%
.12%
2%
100
800
-Jan
»m
Jan
88
107
Feb
109
Feb
12%
65
145%
100
6% preferred
1
100
92%
950
35
Jan
52%
Feb
Jan
16%
Jan
Feb
Sterling Inc.
100
6%
Jan
103;
Feb
6%' Feb
Jan
Sun Ray Drug Co
145% 146
130
143
Feb
150
Jan
%
6%
3%
Jan
Jan
5%
5%
400
4%
Feb
5%
Feb
1
1
100
»L«
Jan
1
Jan
%
3%
100
:■
%
Jan
125
3
Janj
1
Janj
3%
Jan
Feb
13%
Jan
Jan
10%
11%
11%
400
Jan
12
Feb
9
%
Jan
Feb
2%
Jan
.Feb
44%
Jan
11
9
1%
1%
0,500
43%
1%
50
conv pref.
%
•
44%
200
1%
43%
34
Jan
35
Jan
10%
7%
*
Feb
11
Feb
15
Jan
7 %
Jan
Jan
6%
Feb
he
L«
Jan
Feb
Jan
200
%
10
16
200
16
15%
14
Jan
Jan
47
..*
2%
Feb
Jan
Taggart Corp com
Tampa Electric Co com..*
Technicolor Inc common.*
Texas P A L
Jan
Jan
Texon Oil A
Reiter Foster Oil
Republic Aviation
Lb
100
17%
Feb
200
La
Feb
La
9%
Jan
11%
V
18
3,306
3%
Jan
5%
6
"4% "5%
Feb
Jan
Feb
xQ%
Jan
T666.
%
Jan
%
Jan
%
Jan
%
Jan
73%
"17"
90
6% preferred D.„—100
%% pf 100
Pendleton
Meld
10
90
90
94%
Jan
95
Feb
Lt
Jan
Jan
8%
5
3%
2
..1
8%
3%
2%
300
100
600
8%
Jan
2%
Jan
2
Feb
12%
20
Feb
9%
4%
2%
Fifth
44
*
Typewriter
Ave....2%
150
44
44
15
Feb
40
53
500
2%
Feb
3%
5
200
3%
Jan
5%
2
100
2
Jan
2
Ryai Aeronautical Co.—1
Ryan Consol Petrol.....*
2
J.ui
Ilyerson A Hayues com.l
Jan
50%
Jan
8%
'2%
12
8%
%
7
200
Jan
St
Jan
.50
St Regis Paper common..5
.7% preferred-....i.lOO
2%
1
"2%
Jan
Fell
Feb
vL
•
'•
3
Feb
Jan
15%
Jan
2%
200
17
.
%
100
*i«
-
i..
-
.
Feb
Feb
100
112
-
Jan
Scovlll Mfg
110
Feb
Jan
Feb
112
Jan
15%
15
105
40%
110
Feb
25
98
Feb
15
Feb
46%
Fob
15%
1,100
46%
:k: 50
TOO
*
1
1
•
Feb
105
Lb
LB
•
600
"
Jan
Securities Corp general..
Jau
.
Jan
4
Jan
7%
Feb
Selby Shoe Co....
Selected Industries Iuc-
24
94%
94%
95%
130
Feb
94
Jan
98 %
Jan
Jail
-.y
75%
87
Feb
Service...*
11%
*
Feb
11%
Feb
4%
4%
8,800
4,%
Feb
4%
Jan
Paramount Motors .Corp.1
—
10
5%
100
Jan
11
Feb
Jan
26
Jan
16
Jan
17%
Feb
7%
70
10
400
52%
8
33j
52%
7%
6,600
'it
"30% "30%
'50
25
50c
100
cum
Penn Cent Airlines com_.l
3%
7
69
11%
Jan
5%
Jan
Feb
30
Jan
Feb
Feb
30%
Feb
Singer Mfg Co
%
Feb
Jan
Jan
Jan
Lb
Jan
700
6%
Jan
Feb
Jan
Feb
6
Feb
6%
Jan
2%
4%
6%
Jan
3
Feb
5
Jan
Jan
7%
Jan
Feb
2
"7%
~4O6
7
Feb
500
Jan
Jan
Feb
-
7%
Jan
15
Feb
9%
50
%
Jan
%
Jau
Feb
L«
Feb
Jan
9%
Feb
7
Le
Jan
%
Jan
111%
Feb
Jan
126%
Li
Jan
Lj
83%
Jan
83%
Feb
Lb
Jan
%
Jan
%
114%
114% 116
ll
364
Jan
2,100
Jan
United Gas A Elec Co—
7% preferred
100
L«
500
Common class B
*
*
19%
19
19%
50 0
United Milk Products...*
24%
24%
24%
25
%
Jau
18
Jan
23
Jan
24%
Feb
25%
Jan
*
$3 pariic preferred
Profit
Sharing.25c
%
2%
Jan
%
3%
Jan
100
Jan
United Shoe Mach com.25
9
150
8%
Jan
9
Jan
%
1,300
Lb
Jan
%
1%
Jan
United
Jan
Jan
45%
Feb
U S
44%
150
>41%
Jan
45
Feb
45
L«
Feb
Le
Feb
3%
9%
64%
64
113
3%
2%
9%
Feb
Jan
Feb
conv
pref......20
5%
Feb
U S Radiator coin
Jan
9%
100
10%
—
250
62
Jan
70
Jan
50
110
Jan
113
Jan
113
9%
9%
Jan
9%
Jan
U 8 Stores common
3%
Jan
8
Feb
Smith (H) Paper Mills.
5
Jan
5%
5%
200
3
20J
142
5
Jan
7
Jan
2%
Feb
Jan
3%
7%
Jan
6%
Jan
Jan
%
Jan
49
Feb
53%
Jan
50
28%
Feb
30
Jan
%
Feb
"ie
TOO
2%
Feb
4%
%
50
49%
50
28%
28%
28%
"2% "2%
3x5
1st $7
conv
50c
pref..
Jan
10
Jan
14
*
15
90
12%
Feb
200
%
United Stores common.50c
Jan
Jm
800
1%
Jan
1%
Feb
139%
Jan
145%
Feb
Feb
1%
Feb
1%
%
Jan
27
Sugar
5
Utah Pow A Lt $7 pref
26%
27
11%
2%
11%
2%
Equities com.. 10c
Jan
Jan
Jan
100
26%
Feb
100
10
Jan
20
1,000
Feb
29
Jan
Jan
11%
Feb
2%
Jau
3%
Jan
53%
,Jan
Utah Radio Products..
Utility
Jan
8%
22%
Universal Pictures com
1%
1 %
Jan
Jan
7%
Universal Insurance
303
Utah-Idaho
Jan
*
1%
Feb
%
1%
Universal Cooler class A
141% 142%
15
1%
1%
2
Universal Products Co...*
E7% pflOO
Feb
43%
Universal Corp vtc...
1%
dep rets ord reg.£l
Skinner Organ
57%
Feb
..1
Class B-
100
Jan
41%
Jan
64%
preferred ..__.*
..
51 %
30
3
5%
U S Rubber Reclaiming—*
Slmmoiis-Boardman Pub
$3 conv
4x5
U S Plywood—
4
Jan
55%
42%
Grapldte common ...5
$1.50
"*4%"
400
4
54
U S and Int'l Securities..*
44%
Specialties com_.l
Jan
41%
54%
U S Foil Co class B—.1
"43% "45%
1%
41%
Feb
"450
%
45
4
25
Preferred
Jan
Jan
Amer dep rects ord reg—
85.50 priority stock.
For footnotes see page 904.
Jan
1%
1,800
1st $7 pref non-voting—*
2%
Singer Mfg Co Ltd—
2%
4%
35
La
Simpson's Ltd B stocks.
30%
%
5,500
"7"
Jan
9%
%
Jan
%
*
Jan
Sioux City G A
3
100
Option warrants
United Wall Paper
Amer
2%
1
1,300
7%
10% preferred....---10
1
prefser AAA100
Jan
•
400
4%
9%
*
%
Simplicity Pattern com.
Peninsular Telephone com*
Feb
Feb
Feb
100
Sherwin-Williams of Can
4%
Patchogue-PIy mouth Mills*
2%
%
United Gas Corp com...]
Feb
17%
Jan
*
2%
Shawinlgan Wat A Pow..*
25%
5%
5%
A part pref
United Elastic Corp
L»
Sentry Safety Control...1
Serrick Corp class B..
1
Scton Leather common—i*
Silex Co common..-
Co...—....10
Parkersburg Rig A Reel-.l
cum
85 1st pref with warr...*
5%
4%
300
Jan
Jan
%
12%
9
*
Sherwin-Williams com..25
PantepecOllof Ve ;ezuela—
$3
United
Shattuck Dcnn Mining...5
*
*
I
Jan
Lb
Seiberling Rubber com...*
2%
Jan
Jan
6%
.
32 %
2
X
8%
21%
1
Jan
.29%
27%
1
Investment com..*
Feb
See man Bros Inc........*
1%
Feb
100
United Corp warrants.....
Jan
Jan
300
4
50
1%
Un Cigar-Whelan Sts.. 10c
Jan
" "
4
25%
100
4%
32%
United Molasses Co Ltd—
$5.50 prior stock.—..25
Allotment certificates...
20%
Jan
Feb
Jan
7%
Jan
Jan
Convertible stock-. ...6
25%
Jan
2%
4%
Jan
%
24
*32
Common.-—..-
6% 1st pf.25
Jan
Le
4
1
10
Jan
La
200
52%
com.....*
17
Pacific Can Co common.
4%
U
Udylite Corp
3%
11%
11
Segal Lock A Hardware..1
-b
400
%
5%
%
$6 1st preferred
Brook
Water Service 86 pref.
48
111 L
Jan
6
*
2%
120
Scranton Spri.ig
107%
Jan
La
4%
United Lt A Pow com A..*
Scranton Lace common.
Jan
Feb
%
1%
Jan
Jan
10
Warrants
107%
Jan
Jan
23
11
Jau
Jan
32%
4%
Feb
Scranton Elec $6 pref...
Feb
106
Scullln Steel Co
...50
1%
Jan
Jan
111
..._..*
2%
112
95
Fell
Feb
Jan
»L»
%
.—-25
103
98
5%
warrants.
preferred
Feb
Feb
300
17
25
^referred
Jan
200
5%
Co...10
Tublze Chatillon Corp....
Class A
.1
11%
Schulte (D A) common.. 1
Jan
25
900
6
"
Conv
5,800
*
130
"
"98"
Feb
17%
Oilstocks Ltd common...6
;.
Oil
-
.
3%
1,500
%
12%
2%
115% 115%
"2%
2%
com.l
*
_
Jan
Le
United Chemicals com...*
•
...
Jan
49
Feb xl03
79
95
Lawrence Corp Ltd..*
100
111% 111%
"98"
2%
Jan
150
104% 104%
pref...100
6% 1st preferred....100
Jan
14
93
16
10
83
83
102
Trunz Inc....,
Class A $2 conv pref.
Salt Dome Oil Co...
Feb
preferred
.100
Tonopah Mining of Nev.l
Jan
Jau
108
i
Feb
%
Jan
6% pref 100
United Aircraft Prod.... 1
CO
102
Feb
12
300
2%
17
6% preferred. 100
100
5%% 1st preferred.-.25
Pacific Lighting $6 pref—*
Pacific PA 1-7% pref.. 100
bs.l
Corp...*
Shipyards
Unexcelled Mfg Co
Feb
2%
200
2%
12
5%
Am dep rets def reg
Toledo Edison
Feb
Jan
*•''
Jan
Jan
3%
Jan
3%
Feb
3
Exports..*
Tri-Continental
Jan
3
3%
17
97
15%
Ainer dep rects ord reg—
Union
Ohio PS 7% 1st
prior pref...*
Prod
Jan
49
Union Gas of Cauada....*
Ohio Power 4%% pref.
Oklahoma Nat Gas com.15
Tobacco
8Uc conv
Scblff Co common.
Ogden Corp com.
Ohio Brass Co cl B com..*
Ohio Edison 86 pref
.*
4%
Jan
Rossla International
Russeks
Jan
Feb
14%
15%
Tung-Sol Lamp Works...1
17%
106%
Feb
Tobacco A Allied Stocks..*
Transwestern
Inc.*
Jan
-Jan
3
7
Jan
Jan
3%
Jan
Jan
"l5% ""466
2%
14%
Trans Lux Corp..—...,1
com..5
Inc
Jan
100
.
16%
"166
Jan
Feb
93
GAE10% pfClOO
Rochester
Feb
8
Feb
7%
Root Petroleum Co
H
Thew Shovel Co com..
Todd
..1
Voting trust ctfs
3%
19%
Jan
97%
17% \ Feb
Tobacco Sec Tr Co Ltd—.
1
*
1
Radiator
Richmond
Jan
10
Tilo Roofing Inc.—...
;
5%
2%
800
1,200
Jan
3
.
.1
—
Mfg Co
Rice Stix Dry Goods
3,600
8
Tishman Realty & Const.*
X
400
18
Corp.SOc
3%
1 and Co...2
100
,%
IS
9o
7% pref. 100
Feb
2%
1%
7%
7%
18
96
17%
18
Feb
49
3%
3%
1
Jan
Feb
Lb
16
2%
2%
Raytheon Mfg common 50c
Red Bank Oil Co
.*
Savoy Oil Co -—1.
Pennroad Corp com
9%
/
Voting common
Sanford Mills.....
Penn Traffic Co
Jan
Jan
Feb
3
Sunray Oil—-———1
5%%
Raymond Concrete Pile—
Commpn..„———*
Roosevelt
O
Penn-Mex Fuel
Jan
xS%
3%
*
1
70
%
Samson United Corp
51.40 preferred A
Machinery
Jan
warrants
Jan
88
Feb
16
*
American shares..,
.Lb
200
%
58
4%
—
11.30 1st preferred
Jan
3%
*
5
*
Swan Finch Oil Corp
Option
Jail
Feb
73%
25
OH.
5
PubSer6% Pf-100
Page-Herscy Tubes
Jail
Jan
5%
no
50%
73%
"*17*
7% preferred....... 100
Northern Pipe Line
10
Northern Sts Pow cl A..25
Public
Lb
19%
3%
......
67
65
Securities.*
—
Jan
Jan
Lb
3%
...1
Class B common
Rome Cable Corp
■
Feb
ht
'
A..*
.*
Overseas Securities
Jan
500
*
45
*
Radlo-Kelth-Orpheum—
Roval
Oliver Utd Filters B
vtc.l
94%
R
14%
.
Feb
%
2%
6% prior preferred,—«60
$3 preferred
n
Superior Port Cement-
90
Feb
300
—1
*
Corp
5
100
11
Superior Oil Co (Calif). .25
Jan
Nor Amer Lt A Power—
Novadcl-Agene
100
13%
43%
6%<
*
SI.20 conv pref
5
Nor Central Texas
Feb
5%
'in
Stein (A) A Co common..*1
Stercbi Bros Stores......1
Sullivan
Quaker Oats common
Jan
2%
Jan
12%
100
Niles-Bement-Pond
Nineteen Hundred Corp B1
Class B common.
Starrett (The) Corp
Steel Co of Canada
Stroock (S) Co
Roeser A
North Atner Rayon cl
Jan
Standard Tube cl B__...
Stinnes (Hugo) Corp
Rochester Tel 6
common......5
-■
Le
19%
5%
Standard Steel Spring...5
Jan
Feb
Feb
Niagara Share—
NoAraUtiilty
u
Stetson (J B) Co com
Feb
57%
1%
09%
23
30
IH
6%
Class B opt warrants...
S6 preferred
Jan
Feb
5%
3%
7%
Rio Grande Valley Gas Co
10
Common
Feb
1
Jan
Jau
Niagara Hudson Power-
........
110%
Co..l
Products
93%
Pyle-Natlonal Co com...5
Pyreue Manufacturing.. 10
Rheein
Noma Electric
Feb
108%
La
14%
*
Reliance Elec A Engln'r'g 5
..100
Nlpisslng Ml les
Jan
50
19
6% 1st preferred
50
5% 2d preferred
20
Sterling Aluminum Prod.l
Sterling Brewers Iuc
1
Reed Roller Bit Co..
New York Transit Co..-.6
preferred
Standard
Standard Silver Lead
7%
$6 preferred
S3 conv preferred
5% 1st preferred
5% 2d preferred
14%
*
Jan
in
Railway A Utll Invest A J
Warrants
Common.....
12
Feb
Railway A Light Sec—
N Y City Omnibus—
N Y Water Herv
Feb
10
Standard Power & Light. 1
Common class B
*
3
$5 prior preferred
*3 ""Feb
*
N Y Auction Co com
11
5,400
...100
5% preferred
Feb
Jan
Jan
1%
67%
Feb
3
65
63%
1%
67%
50
11%
109% 110%
10
(Ky)
1
500
6% 1st preferred
100
7% 1st preferred.... 100
4%, Feb
11%
25
New Mex A Ariz Land...!
N Y Merchandise
4%
Jan
101%
Oil
Public Service of Colorado
Jail
60
11
11%
preferred.20
conv
Jan
33
Jan
Feb
Jan
25
425
New Idea lnc common...*
55.10 preferred..—
Jan
33
3%
Quebec Power Co...
New England
N Y & Honduras
Jan
Jan
Feb
Feb
%
11
Standard Oil (Ohio)—
Jan
Jan
2%
...
New Jersey Zinc
Jan
Feb
Jan
1%
3
Feb
113
Jan
Feb
1
1
100
$2 preferred
2%
100
*
6% preferred
Feb
110
Corp...5
Neptune Meter cluss A..
Nelson (Herman)
New Engl Pow Assoc
SI.60
200
Producers Corp of NeV__.l
Prosperity Co class B._.*
Providence Gas
..*
Jan
800
..1
Common
Standard
200
Canada...*
Prentice-Hall inc com...*
Feb
2%
1,000
l.zoo
Navarro Oil Co..—....*
1
42
20%
100
%
.*
Jan
Puget Sound P A L—
30c
Nat Union Radio
Parker Ten
Jan
Feb
1,100
1
1st preferred..:
Jan
3%
Puget Sound Pulp A Tim *
Pacific
Jan
Feb
23%
Spanish A General Corp—
Amer dep rects ord reg..
Spencer Shoe Corp...
*
Preferred..
Jan
National Refining com...*
Pacific G A E
35
26
38
*
*3i«
Jan
6%
0r-"?9%
89 M
8
2%
Pressed Metals of Atn..
6%
56 prof stamped..
Omar Inc..
Jan
Jan
26%
26%
26%
...25
8% Preferred A
Feb
Jan
1,300
-
*
*
SO pref unstamped
Jan
2%
Premier Gold Mining...
Jan
Jan
8
2 %
Pratt A Lambert Co
*8%
National Power & Light—
conv
Jan
Feb
3%
2%
Powdrell A Alexander...5
100
10
0%
11
100
Q
com..,*
Nat Mfg A Stores
55%
Jan
Jan
Jan
25
Southland Royalty Co.-.5
'u
10
com...
200
14%
41%
41%
'
Feb
11
100
11
•
14%
60
S3 conv preferred
11
National Container (Del).l
Ohio Oil
Feb
Feb
30%
Jan
3%
Jan
Jan
Fel)
9
Jan
Ls
200
Potrero Sugar common..5
National Candy Co
*
National City Lines com.l
Norlnd
12
Jan
7%
National Breweries com..*
.
Jan
41%
Pittsburgh A Lake Erie.50
Jan
Feb
Standard Dredgl.ig Corp—
Nat Bellas Hess com
Class A
Jan
10
Line
Spalding (A G) A Bros
9%
1%
Pleasant Valley Wine Co.l
Nachman-Springfilled
Class B
Southern Pipe
Feb
Plough lnc common.—7.50
N Y Pr A Lt
Jan
2
Southern Phosphate Co. 10
Feb
Feb
4
4
1,200
N
it
Jan
31%
4%
32
Feb
9%
1%
100
Southern Colo Pow cl A.25
200
1%
Muskogee Co common...*
0% preferred
....100
National
Jan
2%
700
1%
10
600
"is
Southern Calif Edison—
Feb
22
4%
32%
4
32
1%
12%; Feb
Jan
Jan
2%
2%
2%
1%
2%
2%
3%
Jan
tlli
1,300
25
Southern Union Gas
.1.1
Conv 53 pref series A. 10
Pioneer Gold Mines I-td.l
114%
Jan
7%
150
1,600
2
com.
5% original preferred.25
0% preferred B
25
5%% pref series C...25
Phoenix Securities—
Pierce Governor common .*
Mountain Sts Tel & Tel 100
Jan
Feb
800'
2
4
Feb
96
30%
Elec Pow 8% pref .25
Phillips Packing Co
*
Common
—*
Feb
45%
Jan
1%
300
Phlla
17
15%
100
Producers... 10
3%
Jan
20
150
Philadelphia Co common.*
Jan
Feb
Mtge Bank of Col Am shs.
Mountain City Copcom.5c
Feb
84
Feb
Jan
155
16%
%
36%
200
22
2%
20%
2%
94%
*550
85
1%
2
South New Engl Tel... 100
Feb
f 6
Ward A...*
Montreal Lt lit & Pow—*
1
2%
Jan
Jan
100
10
"43%
85
High
300
Southwest Pa Pipe Line .10
Feb
Low
Shares
2%
2%
135
100
*141
High
*1%
2%
1
Coast Corp
South
200
com...201.
Co.*'
Circle Co...
~
Range Since Jan. 1
Jot
Week
2%
1%
3
..*
Low
1%
Jan
101% 102%
94%
94%
Penn Water A Power
Feb
Perfect
Common
49
29%
H
5%
Monroe Loan Soc A
Mountain
54%
30
138
101 %
Penn Salt Mfg Co......50
1%
Price
Sales
Range\
of Prices
2%
Sos8 Mfg common
Penn Pr A Lt $7 pref—.*
z28
Jan
Par
High
54%
5%
Jan
,4%
1,500
100
28
Monogram Pictures com.l
Sale
30
Jan
4%
Jan
5
300
5
Monarch Machine Tool..*
Montgomery
Low
Shares
Week's
Last
Solar Aircraft Co
Pennsylvania Edison Co—
S5 scries pref
..*
S2.80 series pref....
*
Pennsylvania Gas A Elec—
Class A cummon.——:1!!
$6 preferred
...2.50
Molybdenum Corp
for.
of Prices
Low
High
"
Mock Jud Voehringer—
Common
Week's Range
Sale
High
82
34%
Last
Par
Mining Corp of Canada-
STOCKS
(Continued)
Range Since Jan. 1
STOCKS
(Continued)
Range Since Jan. 1
I
Friday
Sales
Friday
for
(Continued)
62
Jan
Li
Jan|
34)4
Jan,
38%
Jan
Lb
,
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 2, 1942
NEW YORK CURB EXCHANGE
STOCKS
Last
Week's Range
{Continued)
Sale
of Prices
Price
Friday
Sates
Friday
Low
High
Friday
BONDS
Last
Week's Range
BONDS
(Continued)
for
Week
Sale
of Prices
{Continued)
Price
Shares
Low
Last
Week's Range
Range
of Prices
High
Jan. 1
Sale
High
Price
Since
Low
Public Service Co of Colorado—
1st mtge 3 %s
'
1964
-
Sf deb 4s
1949
Pub Scrv of Indiana 4s
.1969
1
preferred...-.5
Gary Electric A Gas—
5b ex-warr stamped.....
Venezuelan Petroleum... 1
Gatincau Power 3%s A...
6% perpetual certificates......
Puget Sound P A L 5 Mis
1949
7% pref.100
Vogt Manufacturing
*
Vultee Aircraft Co..
1
General Pub Serv 5s—...
1st A rcf 5s series C.-....1950
Gen Public Utll 6%s A...
1st & ref 4%s series D....1950
Valspar Corp com.
,
$4 conv
Va Pub Serv
Public Service of New Jersey— ;
—
♦General Rayon 6s A.....
Gen Water Wks & Elec 5s.
Georgia Power A Ligbt 5s.
Glen Alden Coal 4s.......
Waco Aircraft Co
Queens Borough Gas A Electric—
5%s series A
1955
Gobel (Adolf) 4%s A...^.
*
-
-
Grand Trunk West 4s....
Wagner Baking—
Great Nor Power 5s stpd..
*
Vtc extended—
7% preferred...-.-.100
Green Mountain Pow 3%s
Waitt A Bond class A...*
^
Grocery Store Prod 6s
C.uantanamo & West 6s...
Co.-..-.1
§ ♦Guardian Investors 5s..
C ,'lliKS H
!
m
Mining
Walker
■*'«*.«•'•••
w
»»•
Safe Harbor Water 4%s
1970
San Joaquin Lt A Pow 6s B.1952
♦Schulte Real Estate 6s.....1951
Wayne Knitting Mills...5
Scullin Steel Ine 3s....^
1951
Wellington Oil Co—
1
Wentworth Mfg......1.25
Shawinigan WAP 4%s
1967
;;; 1st 4Mis scries D.
1970
Houston Lt A Pr 3%s
pref~*
West Texas Utll $6
5
Hygrade Food 6s A...
Inc..l
6s series B.....^...
West Va Coal & Coke
Western
Air Lines
Western
Sheridan Wyo Coal 6s......1947
Grocer com...20
*100% 101%
102% 103%
South Carolina Power 5S....1957
Southern Calif Edison 3s....1965
Western Maryland Ry-—
7% 1st preferred....100
*
Coal-...20
1st & ref 5s series
10
Westmoreland Incl
C..
108%
104%
103%
100%
-98%
*102%
76%
1953
Hi Pr & Lt 1st 6s ser A
1st & ret 5 %s series B
—
Westmoreland
.1967
Idaho Power 3 %s
Western Tablet A Station'y
Common
i...
1954
1956
May 1957
Indiana Hydro-Elec 5s
1958
Indiana Service 5s;_
....1950
S f deb 5%s
Weyenberg Shoe Mfg
.1
Wichita River Oil Corp. 10
Products Inc;...l
77-
1952
1970
♦Indianapolis Gas 5s A
Indianapolis P & L 3%s
Williams Oll-O-Mat Ht..*
Wilson
1963
1st lien A ref 5s
Col...*
Williams (R C) A
108%
105%
104%
102%
Southwestern G A E 3%s.__.1970
Southwestern P & L 6s..
2022
98%
Spalding (AG) 5s...
103
.2
Wolveriue Tube com
Woodley
'■
;• 97%
99%
106% 106%
Amer
5s
dep rets
Wright Hargreaves
\
1
Debenture 6s......Dec
1966
1957
♦Starrett Corp Inc 5s
Stinnes
1950
(Hugo) Corp—
7-4s 2d
1946
7-4s 3d stamped........... 1946
Certificates of deposit
1957
Interstate Power 5s
Ltd..*'
•
Standard Power & Light 6s. .1967
..----^..1957
*78 series E
;
*53%
Debenture 6s............1951
v.
♦7s (Aug 1941 coupon).. 1957
♦78 series F
...1052
♦7s (July 1941 coupon._1952
1
Petroleum.
Woolworth (F W) Ltd—1
53
6s (stamped) .......May 1948
Conv 6s stamped....May 1948
{International Power Sec—
♦6%s series C...
....1955
6 %s (Dec 11941 coup).. 1955
100
*98% 100
,1989
Standard Gas A Electric—
77%
; 77%
6s gold debentures
Wolverine Portl Cement 10
v
1st mtgc 3s._.._.1971
Southern Indiana Rys 4s....1951.
Wilson-Jones Co........*
Wisconsin P A L 7% Pf
99% 100
104% 105
t
Southern Calif Gas 3%s_i_..197(V
Southern Counties Gas (Calif)— •
Debenture 6s
-.
1952
Iowa Power A Light 4%s —1958
Italian Superpower
New York Curb
Exchange
-
6s.......1963
Texas Electric Service 5s.
Bonds
Sale
BONDS
Price
106%
107
108
117
118
6s scries A......
Tide Water Power 5s....
Friday
Last
105
Light 5s..
Texas Power &
Week's Range
of Prices
Low
High
97% 101
106% 108
Toledo Edison 3%s
Range
Jacksonville Gas (stpd)
Since
1942
1965
Jersey Cent P A L 3%s
Twin
Gity Rapid Tr 5%s
69%
Kansas Elec Power
{♦Ulen A Co—
3%s
103
3%ss f debs
3%s s f debs..
J104% 105%
107% 107%
deb 6s. .2016
6s
1961
Debenture 6%s
1st lien A cons 5%s
105% 105%
125% 125%
106% 107
42
44%
Associated Elec
80
4%s........l953
Lake Superior Dist Pow 3%s.l966
81
101% 101%
101% 101%
104% 104%
1974
...1959
96%
United Light A Railways (Me)—
6s series A..—...........1952
Long island Lighting 63.i'...1945
Louisiana Pow & Lt 5s......1957
6s series A..
99
117 :
117%
101% 101%
.......1973
Utah Power A Light Co—
1st lien A gen 4%s....... 1944
98% ' 98%
97%
97%
Deb 6s series A..........2022
{Associated Gas A Elec Co—■
♦Conv deb
1112% 117
United Lt A Rys (Del) 5%s.l952
104% 105%
Amer Writing Paper
1949
United Light A Power Co— Debenture 6s...
...1975
103
Appalachian Elec Pow 3%s..l970
Appalachian Pow deb 6s.—2024
Arkansas Pr & Lt 5s...
.1956
Amer Power & Ligbt
1950
United Electric N J 4s.
Kansas Pow & Lt 3%s..
....1950
I960
1970
Conv 6s 4th stamped
Kansas Gas A Elee 6s..
American Gas & Electric Co—
2%ss f debs...
76%
Jan. 1
McCord Radiator A Mfg—
4%s—1948
.1948
..1947
6s stamped
♦Conv deb 4%s..1949
Mengel Co conv 4%s
♦Conv deb 5s
—.1950
♦Debenture 5s.-......---1968
Metropolitan Edison 4s E...1971
4s series G
1965
1977
Middle States Petrol. 6%s...l945
*100
Midland Valley RR. os
59% 60%
tl05% 106
♦Conv deb 5%s
98% 99
108% 108%
108
108%
...
A...-1955
Atlanta Gas Light 4%s
..1955
Atlantic City Elec 3%s
1964
Avery & Sons (B. F)—
5s with warrants....
1947
5s without warrants
.1947
Assoc TAT deb 5%s
Milwaukee Gas Light
1943
4%s.Vl967
Virginia Pub Serv 5%s A
1st ref 5s series B
101
Deb
f 6s...
s
—
1978
1955
Minnesota P & L 4%s
1st A ref. 53
102%
105%
103%
*111%
Mississippi P & L 5s
...1957
Mississippi River Pow 1st 5s.1951
Missouri Public Service 5s... 1960
103
107
Waldorf-Astoria Hotel—
104
♦5s income debs........
112%
Wash Ry A Elec 4s.......
101% 102%
Wash Water Power 3%s..
West Penn Electric 5s...
Convertible 6s..
Bell Telephone of
6s unstamped,.
Nassau & Suffolk Ltg 5s.... 1945
-
Canada—
*98% 100%
*106% 107
National Pow & Lt 5s B....2030
1st M 5s series B
§*Nat Pub Service 5s ctfs
5s series C
ly78
Nebraska Power 4 %s
16
1981
Nevada-California Elec 6s... 1956
Birmingham Electric 4%s..
89 "
New Amsterdam Gas 5s..... 1948
2%s.
-
5s...
Conv deb 5s
5s.. 1953 MN
Canada Northern Power
Central 111 EI A Gas 3%s —1964 J
5%s.
D
Central States P & L 5%8—1953 /
5,000
80
26,000
78%
15,000
82%
87%
102% 103%
109% 109%
*105% 107
4.000
3,000
Foreign Governments & Municipalities
85
82%
108%
Debenture 5s
..1954
5%s series A.......
*U4%
1956
Last
101% 104
109% 109%
105
105%
114% 114%
1950 J D
5%s
for
„■
High
,
♦20-year 7s..........Jan 1947
Bogota (see Mtgc Bank of)
♦Cauca Valley 7s...........1948
1969 ■:
Danish 5 %S
.
.
.
.
....
...
1956
....
Ext 5»;..-
1953
Danzig Port A Waterways—
♦External 6%s stamped...1952
1949 / D
1957 M S
-
Low
Agricultural Mtge Bk (C'oi)—
♦20-year 7s..
April 1946
Cities Service P A I, 5%s—1952 M N
Community P A L 5s
of Prices
Price
Ind Public Service—
1st 3%s series A
Debenture 5s
1958 A O
Debenture5s....j.......1969 M S
Week's Range
Sale
BONDS
,
Nor Boston Ltg Prop 3%s... 1947
Nor Cont'l Utll 6%s_....... 1948
Northern
Sales
Friday
3%s..._._1964
North American Light & Power—
Jan 1966 M S
Conv deb 5 s_
106
106
78%
82%
J
1952 A O
.,.1955.4 0
Cities Service 5s...
106
6.000
1948
♦income 6s series A... Nov 1949
N Y State E & G
{♦Chicago Rys 5s ctfs—1927 F A
6sseriesB..-
82,000
1954
N Y A Westchester Ltg 4s. .2004
*
Cincinnati St Ry 5%s A
52%
52%
1937
....1947
40,000
New Orleans Public Service—
1948 J J
1954 M S
Central States Elec 5s
1961
{♦York Rys Co 5s stpd
Stamped 5s.......
52%
51%
50%
1950
Debenture 5%s._
Canadian Pacific Ry 6s.....1942 M S
......
44.000
116
51%
1948
New England Pow 3%s
New Eng Pow Assn 5s
6s stamped..
......
1,000
91
*113
New Eng Gas & El Assn 5s.. 1947
Broad River Power 5s
16
*110% 110%
*123% 124%
2022
6s series A...
Bethlehem Steel 6s
Boston Edison
r
6s...'.
West Pcnn Traction
Western Newspaper Union-
Baldwin Locomotive Works-
Ogden Gas 1st 5s
1945
Connecticut Lt A Pr 7s A... 1951 MN
Ohio Power 1st mtge 3%s... 1968
1st mtge 3s
1971
Consol Gas El Lt A Pr (Bait)
Ohio Public Servioe 4s
1962
Okla Nat Gas 3%s B...Aug 1955
3%s series N...
1971 J IX
1st ref mtge 3s ser P......1969 / D
1st ref mtge 2%s ser Q
1976 / J
.
.
*108% 110
*104
106
100% 100%
Okla Pow A Water 5.3....... 1948
107%, 107%
106
♦Lima City (Peru) 6%s stpd.1958
♦Maranho 7s
.........1958
106%
104
.
104
♦Medcllln 7s stamped
107% 107%
104% 108%
tlO?%; 104
....1951
!
i
•
.
•
Mtge Bank of Bogota 7s.... 1947;
♦Issue of May 1927
i
Issue of Oct 1927
•
i
Consolidated Gas (Bait City)—
Gen mtge
Continental Gas A El 5s
1954 .4 O
1958 F A
Cuban Tobacco 5s...
1944 J
4%s.._...
Cudahy Packing 3%s
D
.
Mtge Bank of Chile 6s
Mtge Bank of Denmark 5s
"'
l
.
1931
Pacific Ltg A Pow 5s..—.
Pacific Pow A Light 54 Yx,
Park Lexington 3s._......
..1955 M S
♦Rio de Janeiro 6..1959
Penn Cent LAP 4%s....
1st 5s..
.
♦Russian Government 6%s.. 1919
♦Parana (State) 7s.
...
.
.1972
...1958
"
Penn Electric 4s F
5%s....................1921
,s
5s series H
Eastern Gas A Fuel 4s
*
Elmira Water Lt A RR 5s.
Penna Water A Pow
:
"
FiorkU Pow A-Lt 5s
ser
..
Phlla Elee Power 6%s.
Phila Rapid Transit 63..,..
Federal Water Service 5%s._ 1951
Finland Residential Mtge
Bank 6s-5s stamped.
3%s
3%s:.;._.
Erie Lighting 5s..........
Florida Power Co 4s
1949
j-.
5sseries D...
Electric Power A Light 5s
Empire District El 5s
♦Santiago 7s...........
Penn Pub Service 6s C—
1961
C...1966
....1954
For feotnotes see page 994
Portland Gas A Coke Co—
♦5.3 stamped
-.u.i...
5s stamped extended..—
116
107
.107%
114% 116%
116%
Under-the-rule sale,
par
value,
a
Deferred delivery "sale,
r
Gash sale,
x
rf Ex-interest,
97%
90
96%
108% 168%
8,000
107% 110
"
4%s series F......
Potrero Sugar 7s stpd..,,..
Power Corp (Can) 4%s B..
*110% 113
*99% 102
*72
1 75
Odd-lot sale.
* Friday's bid and asked price; no sales being transacted during current-week,
.
06%
9A%
!
♦Bonds being traded fiat.
-V,,.
jf Reported in receivership.
V
L"
.
.
i
-
r.
Abbreviations Used AWrf—"cod," certificates of deposit;
Potomac Edison 53
e
Ex-dlvldend.
'
105%. 106
105% 105%
93%
No
n
105% 108
*107% 108%
*106"
107
109% 110%
100
1
75%:
102
79
:
"
*
•
^
*"■'
''cons." consolidated;
"cum;" cumulative;"conv." convertible;"M," inortgage; "nrv,"
"v t c." voting trust certificates;
without warrants;
«
"w 1," when issued; "W wy'
non-vottng 8tock;
with warrants; "i f,"
...
/
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
155
OTHER STOCK EXCHANGES
Feb.
21
to
v.;..
:
-•
■'
"''y
-
Feb.
;■
-
27,
both
compiled from
Friday
■'
•
inclusive,
•
...
?
—Stocks-^
Arundel
•v.
j
.
——par
Corporation
Week's Range
for
of Prices
Price
Low rr
16
Trails Co com v t c.. *
1st pref vtc
..100
""85c
4% pref C
Davison Chcm Cn
com...
1
10%
m-
.
25
J0%
Maryland & Pa RR comlOO
Mercantile Trust Co.
.50
2.00
Mt Vrn Wdb Mills com 100
2.65
u
-
«.
-
2.65
76
^
L »1
305
2.00
30
Jan
Common...
-
Crane Co
—...1975
49%
59%
——
.—...
1,000
Feb.
21
to
Feb.
27,
inclusive,
both
Jan
Dixie-Vortex Co com....*
8%
18%
8%
8%
50
Eddy Paper Corp tTlie)..*
18%
3%
18*%
3%
310
Elec Household Util Corp.f
Jan
Elgin Nat Watch Co.... 15
26
200
2.65
76
80c
Feb
com.
45
Feb
Feb
92
Feb
General Electric Co
Jan
25%
Feb
Gen Finance
Jan
51%
Feb
51
Jan
CO
Jan
Week's Range
Sale
Stocks—
for
lists
Price
100
127%
Shares
High
Low
Range Since Jan. 1
Week
of Prices
Par
1%
1C
126% 127%
2,171
122%
Jan
Gen Motors Corp com._l(
General Outdoor Adv com-:
com
Preferred-
100
100
50
100
HibbSpencBartlett com 2£
Hormel A Co (Geo A) com'
Houdaille-Herslioy cl B._*
Hubbell, Harvey Inc com £
Hupp Motor Car com....)
Jan
103
88%
24%
44%
13
24
Boston Herald-Traveler..*
Preferred stamped-..100
Prior preferred
.100
u
Boston & Providence.
-
5
Copper Range
2%
9%
18
9%
.100
Calumet & Hecla
6%
49
50%
31%
100
25
LamsonCorp iDel) coin..5
6'v. preferred
613
Procter & Gamble.....--*
44%
43
44%
U S Playing
Card.......10
28%
28%
28%
22
Jan
II S
3%
3%
3%
84
42%
26%
3%
24%
8%
Jan
19
Jan
Jan
jan
-
3%
Feb
29%
Jan
Jan
American Rolling
Jan
4%
Jan
Jan
15%
Feb
City Ice A Fuel...- —*
Columbia Gas
——*
45%
9%
160
Jan
46%
Feb
General Motors.........10
100
9%
Feb
10%
Feb
Tlmken Roller Bearing...*
26
659
Feb
28%
Jar
1%
5%
Jan
Feb
Feb
40%
35%
1%
5%
32
Feb
Feb
11%
4?
8%
Feb
29%
2%
45
Jan
Jan
8%
350
113%
450
9%
100
9
%
7%
200
7%
3
Jan
8
Jan
10%
Jan
Feb.
to
21
Feb.
130
28
Feb
30
50
29
Feb
29
Feb
Akron Brass Mfg
8%
13%
Jan
10%
14%
%
Jan
Feb
Jan
Jan
Cleve Cliffs Iron pref
16%
Feb
Jan
Colonial FlDanee
Jan
Dow Chemical pref.... 100
Eaton
370
50
%
1,310
7%
7%
15%
3%
70%
233
15
3%
%
5%
130
14%
Jan
8
Jan
Jan
City lee A Fuel...
Clark Controller..
300
2%
Jan
95
69%
74
10
6%
Feb
Feb
7%
Jan
46%
5%
9%
Jan
51%
Feb
c
Jan
6%
40
Feb
9%
Feb
Feb
c
15
16
20
Jan
Jan
7
J an
3%
Jan
5%
Jan
■*'« J
-
•23%
M
<
Merch A MlrsSec A com.)
Feb
Jan
Jan
3%
Jan
4 v
3%
3%
250
100
3%
Feb
2
125
1%
Jan
28
*
com
Feb
Modine Mfg com.
Feb
Montg Ward & Co com..*
26%
"4%
25c
15c
500
3
25
Jan
29c
Jan
Jan
35
Feb
Jan
5
Jan
NabcoLiqGdatlng Co com'
Nash-Kelvinator cap
£
Natl Cylinder Gas com
1
Jan
4%
Jan
Natl Pressure Cooker com
223
98
50
60
60
Jan
80
61c
1,435
28c
*31
Jan
"16
Jan
N Y Central RRcap
Feb
Jan
9%
13%
11
130
65
9%
12%
Feb
Feb
%
10 %
15%
Jan
10%
Feb
12%
Jan
c
12
160
11
Feb
14
Jan
Ohio Brass clB...
26%
26
c8%
20
fl4 %
175
14
11%
11%
50
10
Jan
23%
52%
Feb
52
Jan
72%
57%
Feb
Feb
70
Jan
43%
Jan
1,100
20c
Jan
46c
Jan
32
6%
Feb
.7%
Jan
,
:
21%- Jan
is
v
23
$1,300
Fel)
38
Jan
107%
Feb
Jan
107%
500
42
from
compiled
42%
Feb
official
Class B
of Prices
High
Low
Range Since Jan. 1
Perfect Circle (The) Co...*
Pressed Steel Car com
1
Pullman Inc capital
*
Pure Oil Co (The) com...*
100
Preferred
22%
443%
Week
Low
Shares
48
46%
25
47%
47%
60
9%
2%
90
9
100
2
9% i
2%
45%
46%
21
21
Feb
49%
Feb
48%
Jan
9%
Jan
Jan
2%
Jan
Jan
Jan
11
150
9%
Jan
11
Feb
Allied Laboratories com..*
11
11
100
12%
Feb
17%
21%
27%
17%
21%
27%
10%
17%
21%
Jan
Allied Products Corp com
Feb
Feb
Jan
17%
22%
79
27%
Feb
30%
Jan
81
85
90
79
Jan
85
Feb
10
Belmont Radio Corp
7%
"35%
Berghoff Brewing Corp... 1
6%
Corp com*
1
Bliss A Laugbltn Inc com.5
Borg Warner Corp com..5
4%
570
124%
Feb
133%
26%
3%
36%
306
Feb
28%
3%
c34%
2%
3%
4%
"24%
8%
67
146
c24
c8%
£66%
146
Cl7
6%
49%
4%
50%
Serrlck Corp cl B com...l
4%
Jan
Jan
Jan
Standard Oil of Ind cap.26
Standard Oil of N J cap.25
Swift A Co capital
25
Swift International cap. .15
Texas Corp capital
Trane Co (The)
Jan
43
40
21
Jan
1%
5%
Jan
47
a70
38
22
18
24
25
c)om
""9%
£24
21%
32%
9%
63%
24%
105
Feb
4%
7%
Jan
U S Steel
Jan
Feb
15%
Jan
Utah Radio Prod com
1
Jan
14
Feb
Walgreen Co
»
Jan
Western Un Teleg com. 100
Jan
Westnghs El & Mfg com.50
5
20
10
950
21%
8%
Jan
Feb
26%
9%
57 %
142
Jan
70
2%
16%
Jan
Feb
19
5
8%
Jan
Feb
57%
110
v
86
2%
17%
4%
200
6%
200
250
694
51
4
450
4%
Jan
Jan
100
35%
6%
60%
500
7%
13%
11%
3%
32%
50
5%
Jan
Jan
Williams Oil-O-Mat com.*
59%
3%
Feb
67
Jan
Woodall Indust common.2
Jan
4
Feb
Wrigley (WinJr) Cocao .*
100
cum preferred...
common
13%
13%
50
13%
Feb
15
Jan
600
19%
Jan
23%
Feb
"75%
Yellow Tr A Coach cl B..1
23%
17%
fcenith Radio Corp 00m.
Jan
146%
17 %
52%
"16%
*
ClassApref-
5
Bruce Co (E L) com
.10
Cent 111 Pub Serv $6 pref.*
300
9
200
"T%
20
12%
61%
700
10
Jan
100
3
Jan
570
1
5%
4%
18%
24%
22%
34%
9%
64%
10%
46%
15%
52
1
49%
107
20%
907.
5
20
1
2,000
31%
50%
107
109%
8%
9
49% 61%
2%
Cities Service Co com.-.10
For footnotes see page
49%
2p%
36
80
3
20%
350
Feb
Feb
4%
:
Jan
»ie
29
Jan
Jan
®i6
43
7%
1%
33
Jan
21
to
Feb.
120
3%
Feb
5
27,
both
4%
Jan
5%
Jan
75
8
8
125
55
55
25
al4% a 14%
60
Jan
8
Feb
55
Feb
55
Feb
35%
Jan
35%
7%
Jan
1,300
255
Last
Hale
Par
Stocks-
Feb
42%
Jan
1
Feb
1
Feb
Consumers Steel coin
5%
Jan
6
Jan
Jan
5
Feb
Feb
19
Jan
Price
Chicago Stock Exchange
DETROIT
21
Feb
Jan
27
34%
1,300
275
50
-
2
Feb
11%
Jan
Jan
Jan
9%
Jan
63%
Feb
74%
Jan
10
Feb
11%
47%
Jan
Jan
Jan
Jan
Motor Car com.*
2,027
23%
Jan
25
302
20%
32%
Jan
24%
Jan
Feb
39
Feb
194
150
305
8
Jan
54
80
Jan
51%
12
212
49%
Feb
253
11%
330
596
4
450
100
250
Feb
Feb
Feb
17%
55%
Jan
Feb
McClanahan Oil com
1
Jan
4
Jan
Michigan Die Casting
Jan
Michigan Silica com
Feb
62%
13%
Jan
1
1
1
Feb
9
Kresge (SS) com
...10
Masco Screw Prod com-,1
10
Jan
Feb
Jan
Jan
Jan
Jan
Hudson
Hurd Lock & Mfg
Kinsel Drug com
com...l
...1
$3,000
108
Feb
108
Feb
Shares
3%
550
17%
1%
7%
158
100
230
Low
3
High
Feb
15%
1%
6%
Jan
Jan
Jan
Sheller M fg common
official sales lists
compiled from
Last
Jan
Feb
Sale
Stocks—
Par
3
Jan
3
Jan
500
60c
Feb
Feb
3%
355
3%
Jan
1%
3%
Feb
95c
18%
18%
18%
90o
90c
1%
1%
5
5
.
1%
Jan
78c
Jan
1%
1%
2,723
17%
Jan
18%
100
90c
Feb
1
Jan
100
1%
Feb
2
Jan
200
4%
Jan
5%
Jan
Sales
Price
Week's Range
of Prices
Low
High
Range Since Jan. 1
for
Low
High
CintI Gas A Elec pref.. 100
C N O & T P pref
100
100
20%
16%
2%
83%
119
19
Jan
50
15%
Jan
30
2%
Jan
20%
16%
3
112
83
85
254
83
Jan
86
119
119
1
119
Feb
119
20
16%
2%
21%
16%
3%
1%
1%
200
1%
Feb
2
Feb
3%
400
270
Jan
3%
1%
Feb
1%
3%
1%
Jan
1%
"2%
33%
2%
899
34
30%
2%
Jan
550
80c
"52c
2%
80c
150
70o
3%
3%
100
3%
56c
1,500
52c
30c
Jan
Jan
99c
Feb
Jan
3%
Feb
65c
Feb
Jan
Feb
60c
Jan
Feb
45c
Feb
Jan
21%
1%
500
330
1%
20c
20c
1%
1%
1%
1%
300
75c
5%
5%
430
5
1%
7%
1%
500
90o
7%
155
6%
5
"26c
"
i%
5
205
5
182
6
Feb
6%
Feb
450
57c
Jan
75c
Feb
1%
2%
2%
Feb
21
2%
1%
2,200
1,000
20c
Jan
23c
Jan
1%
Jan
1%
Feb
1 %
1,980
1%
1%
Feb
Jan
Jan
1%
1%
Jan
5%
Feb
Jan
1%
Jan
Jan
7%
Feb
Jan
5%
Jan
521
200
Jan
Jan
27
Jan
Jan
Jan
1%
239
1%
Jan
1%
Jan
1%
200
1%
Jan
10%
100
10%
Feb
1%
10%
Feb
95c
95c
200
90C
Jan
2%
2%
300
2%
Jan
3
2
2
200
2
Feb
2%
Jan
5
Jan
5%
Feb
47c
Jan
75c
.
.
Universal Cooler B....—*
650
75c
500
Feb
Jan
Universal Products com—*
1%
165
12
12
*
1
Feb
1%
Jan
Warner Aircraft com..
25%
Jan
1%
10%
5%
Wolverine Brewing com—1
Jan
400
5%
Jan
Jan
Feb
2%
Jan
50c
21
100
Feb
34
21%
1%
45c
"2l"
Simplicity Pattern com..l
1
Stearns (Fred'k) com....*
Tivoli Brewing com.
1
Walker & Co B
Jan
3%
Udylite com
—
1
Union Investment com...*
Week
Shares
Feb
1%
*
1
Jan
100
300
;
United Specialties....... 1
Jan
Jan
.
Jan
200 :
95c
10
River Ralson Paper com
Jan
Feb
Feb
66c
1%
Prudential Invest com...l
Exchange
3%
17%
1%
7%
3
Too
Michigan Sugar com
Micromatic Hone com...l
Jan
High
3%
1%
3%
Det A Clev Nav com
Jan
Jan
Range Since Jan. 1
Week
of Prices
63c
CrOwley, Milner com
119%
1%
18%
26%
81%
2%
Jan
sales lists
3
Graham-Paige common. .1
17%
150
108
for
Week's Range
Low
17%
1%
7%
1
*
10
Detroit Edison com
100
Detroit Gray Iron com...5
Detroit-Mich Stove com..l
Durham Mfg com
1
Frankenmuth Brew com.. 1
Gar Wood Ind com
3
Gen Finance com.
1
Gen Motors com
10
Goebel Brewing com
1
4
400
120
9
Exchange
Sales
3
Continental Motors com.l
Jan
10%
76%
2%
3%
Friday
Feb
Jan
Tv-'■' *
-;
New York Curb Associate
inclusive, compiled from official
1
Briggs Mfg com
*
Brown McLaren com
1
Burroughs Add Machine.*
Chamb Mtl Weather com5
25%
inclusive,
Jan
Feb
40
a34% «34%
Stand Tube B com
Champ Paper pref
Churngold
Jan
5%
10%
Jan
Jan
Feb
Feb
Feb
Jan
Feb
Amer Laundry Maoh...20
2%
Jan
7
1%
2%
2%
Jan
20%
5%
600
Feb.
Jan
,
491
475
to
55
255
2%
110
400
Jan
1%
2%
Jan
4,000
52
1%
2%
2%
107
9%
51%
3%
23%
19
com.l
21
Jan
25
Friday
Peninsular Mtl Prod
60
Jon
29%
8
both
27,
Jan
Feb
Jan
Feb
5
Detroit Stock
Feb.
Feb
4%
75%
2%
Cincinnati Stock
61
8%
25%
68c
Jan
45
Feb
342
65c
48
150
Feb
17%
6%
300
697
11
25%
Feb.
Feb
Jan
Feb
9%
.*
Jan
he
Feb
17
Murray Corp com
Parke, Davis com
Feb
Feb
Jan
Feb
Telephone: Randolph 5530
Feb
15%
32%
73
Jan
60
Jan
Feb
Parker-Wolverine com...*
70
12%
160
2,800
10
85
Jan
5
Jan
400
108
Feb
110
al7% «17%
26
26%
a27% a27%
a51 % a52%
5%
i
10%
10%
55
Motor Products com
1956
%
1%
9%
16%
10%
Feb
13%
12%
64
31%
Jan
11
Feb
Jan
Feb
9%
16%
90
10%
Jan
2%
41
Jan
1
20
a9%
16%
Feb
38%
.
Jan
Jan
Bonds—
Amer Tel & Tel'3s
Jan
Feb
Feb
12%
60
5
Chicago Corp common... 1
Convertible preferred..*
3%
6%
20%
Jan
115
42
10%
12%
Jan
Jan
250
'i»
Jan
1%
5%
19%
20
19%
40
Cent Stab» Pow A Lt pf.»
Com'wealth Edison com.25
12.%
7i#
*
Chicago Flex Shaft com..6
Chicago Towel Co conv pf*
Chicago Tel Cab cap.-..*
Chrysler Corp common...5
Jan
Jan
5%
12%
Cent S W Util com....50c
—
1%
7%
3
12%
Burd Piston Ring com...l
5% conv preferred—30
Campbell Wyant & Can Fdy
Capital..
.....
*
1%
9
35
Feb
1%
37%
%
Feb
3%
Feb
114% 114%
1%
1%
17%
17%
9
100
1
'•,
«9%
16%
38
Jan
3%
43%
15%
50%
114%
1%
17%
23%
73%
1%
2%
45%
cl5%
50%
200
41
Jan
50
3%
4
3%
51%
3%
1%
9
10
400
Ford Building
Jan
Feb
146
50%
cli%
.*
common
15%
2
:
2%
Members
Jan
Feb
130
25
10
Feb
Feb
8%
67
United Air Lines Transp
Capital
Jan
2
38%
Exchange
New York Stock
Jan
29
5%
12
Jan
Feb
8%
100
21
Feb
1%
2
10%
a
Mid-West Abras com..50c
1
a70
9
38
11
a9%
16%
Jan
105
736
;
2
Watling, Lerchen & Co.
Jan
Jan
Feb
Brown Fence A Wire—
Common.........
10
%
Jan
7%
350
f4%
Union Carb A Carb cap..*
7%
10
Feb
24
100
15%
1
25
3%
50
'
Jan
30
c34%
Studebaker Corp com
1
Sundstrand Macb T'l com 5
22%
13%
23
Sterling Brewers Inc com.l
Stewai t Warner Corp com 5
50
4
131
7%
150
120
6%
21
700
3%
125
%
320
1%
Feb
3%
Feb
Jan
10%
23%
35%
Feb
Jan
"16"
Jan
15%
12%
13%
3%
Feb
9%
Jan
10%
36%
Jan
Feb
1%
Jan
50
8%
10%
2%
Jan
39%
Jan
Feb
1
27%
250
11%
20
Preferred
700
7%
4
Blnks Mfg Co cap—....
Jan
39%
39%
Baldwin Rubber com
3%
13
Jan
29
c3%
U S Gypsum Go com
U S Rubber Co com
14%
6%
c60%
_30"
3%
Jan
7%
10%
15%
405
4
Jan
49%
4%
14%
2
Spiegel Inc common
Feb
13
3%
33%
26
710
Feb
10%
•
(2%
"17%
4%
3%
14%
"13"
*
5
Bendix Aviation com
Jan
c26%
Bostlan-Blesslng Co com.*
Belden Mfg Co com
4%
120% 127%
Athey Truss Wheel cap.. A
Aviation Corp (Del)
3
Barlow & Seelig Mfg A com5
150
50
c4%
100
Atch Top <fe S Fe com..
•
10
Feb
21
7%
Radio Corp of Amer com .*
Standard DredgeCommon...
High
10%
50
Feb
50
23%
44%
Standard Brands Inc com.*
for
Feb
10
50
50
Peoples G L & Coke eap IOC
So Bend Lathe Wks cap._5
Hales
Week's Range
6
10
—£
com...
Penn RR capital
Sears Roebuck A Co cap. .*
lists
Feb
40.
Detroit Stock Exchange
Schwltzer-Cummins cap.-l
sales
250
Peabody Coal-
402
27
Jan
Jan
100
807
Feb
Jan
7% prf 100
Jan
27
53
Feb
Jan
10
North West Util
Jan
27%
23%
6%
Northwest Bancorp com.. *
45%
36 %
Jan
Jan
Peb
8%
20
Jan
comlC
Jan
20
f
Jan
Jan
Jan
Paramount Plct Inc com.]
Feb
Feb
10
Abbott Laboratories com.*
3%
500
Jan
Feb
8
27
Youngstown Rheet &Tube *
9%
25
468
Jan
4%
4
50
20%
Jan
27%
Feb
27
5
Feb
Feb
Feb
8
27
....1
2
Feb
50
24%
Sivyer Steel Castings com
100
106
50
26%
37
a
5
Jan
Feb :;-r
3%
Jan
8%.-Jan
Jan
Friday
Armour A Co. common..5
9
2
Jan
8%
4% * Feb
Feb
24%
inclusive,
Anaconda Cop Mln cap.50
25%
776
Jnn
Feb
Jan
25
*
Feb
8
113%
Jan
1
...
Jan
Feb
Jan
110
36
...
U S Steel com
Jan
Feb
12
Weinberger Drug Stores
West Res Inv Corp pref 100
White Motor...
.50
21%
60
200
28%
Feb
19
Chicago Stock Exchange
Amer Tel A Tel Co cap.
4%
4%
25%
9%
25%
21
10
2
c4%
Rollii.s Hosiery Mills com 4
Had A Stand com..*
254
105
12
82
100
435
107% 107%
25
Feb
21%
SO
111
•12%
40
Republic Steel com.....*
Feb
Feb
34%
Feb
1
a8%
14%
a8%
13%
12%
Vlchek Tool...........
23%
9%
Republic Steel Corp com.*
Class A
Jan
22%
23%
Allls-Chalmers Mlg Co...*
4
100
4
9%
Quaker Oats Co common.*
American Pub Serv preflOO
Jan
4
14
40
a26
a25
2M
Van Dorn Iron Works..
5%
3%
400
Bonds—
10
Feb
600
6
45c
Bearing com..l
6%
6%
10%
11%
9
14%
7%
Advanced Alum Castings.5
Jan
Feb
10
40c
Adams (J D) Mfg com...*
c
%
6
41%
Acme Steel Co com
Jan
100
Jan
10%
11%
83%
7%
23%
Hale
%
%
Jan
9
10
44c
Price
Standard Oil of Ohio
3%
6
41
Far
Jan
50
r
10
53%
55%
Stocks-
Jan
Riehman Bros
Northern 111 Finance com.'
54
Last
c
NorthwestAIrlinesInc com*
52%
both
Jan
Northern Paper Mills com *
55
27,
Feb
Jan
53%
Feb.
Feb
12%
150
Jan
Feb
9%
14%
74%
34
*
4%
4 %
12%
1,221
7%
7%
112% 113
a29% n20%
Jan
Jan
36%
New York Cent RR com *
3%
300
133
390
.....
3%
Jan
Parker Pen Co (The)
36
810
234
4%
7%
41
Prior pref 6%—
National Tile
Jan
Feb
Jan
High
Jan
36
*
Jan
18.
Jan
Low
4%
6%
8%
14%
71%
26%
7%
41
12%
100
Feb
50c
32
....
—
3 %
64c
United Fruit Co
Jan
7% preferred
Myers (F E) & Bro
220
"36%
National Refining (new).
3%
Jan
5%
Jan
Jan
2%
Jan
28
34
Jan
550
Feb
*
Feb
400
14%-
4i
Range Since Jan. 1
Shares
14%
12%
41%
Patterson-Rargent .......*
Reliance Electric
....5
'
900
3%
3%
3%
3%
3%
20c
9%
34
10
Nestle LcMur cl A......
300
11
100
80
3s '56
%
-
%
26:g
5%
Feb
Feb
255
33%
Ainer Tel A Tel conv
11%
100
83%
*
Exchange
compiled from official sales lists
4%
7%
10%
14%
74%
1
*16
2
Noblltt-Sparks Ind cap..£
Jan
Feb
Jan
Sales
Metro Paving Brick....
Feb
21
National Standard com__lf
Jan
141
Feb
13%
11%
38%
..-.*
Feb
%
25%
18
40c
Interlake Steamship
4%
t
Feb
101%
64
Jan
8%
20
16%
■
33
Boston A Maine 4%s.1970
4
"14%
Industrial Rayon com..*
50
..
Feb
%
c
259
•r6%
*
18
27%
4%
2%
80
4%
1(
prior preferred
Jar
16
150
33%
Jan
SI
a26
.....*
....100
U pson-W alton
4%
3%
20
Feb
Jan
Miller & Hart Inc—
Minn Brew Co com......l
33%
*
Feb
Feb
30
80
40%
95%
Feb
%
14%
4
*
com
%
IOC
Feb
175
.
7% preferred A
13
160
*
Jan
12%
Jan
17%
30
31%
3%
3%
3%
28
5
6% cum pref——25
Midland Un Co conv pf A *
Midland Util 7% pr lien IOC
11%
3%
Jan
25%
»
2%
■
Glidden Co
4%
8%
13
'
28
24%
United Shoe Macb Corp.25
Jan
80
26
4%
8%
9%
9
14%
%
6
24%
General Electric com...*
General Tire A Rubber..25
200
•iS
25
25
4%
50
'
31%
%
Mlckelberry's Food Prcoml
Middle West Corp cap...£
Jan
12
3%
3%
Torrington Co (The)
*
Union Twist Drill Co—.5
Stoue & Webster.—.....*
Warren (S D) Co—
Feb
4
«
17%
50
Waldorf System...
19%
Jan
-
Utah Metal A Tunnel Co.l
McCord Had & Mfg cl A..*
120
4
60
-
*
*
Liquid Carbonic
Feb
Jan
2.5C
,62c „> 50c
40c
—100 JV- ml
Pennsylvania IIR
Jan
91
Jan
98% 100
98%
Tel 4c Tel...100
NewRiverCo6%
Shawmut Assn T C
32%
Jan
4%
4%
4%
Pacific Mills Co
Feb
22%
3
Narragansett Rao Assn.-l
Natl Tunnel & Mines....*
North Butte..
350
23c
33%
Old Colony lilt
29
65
33%
w-.-. —..
Mergenthaler Linotype..*
65
tv-
80
26
4%
Lion Oil Refg Co cap.....*
50%
190
4
Mass Util Associates vtc.l
cum prflOO
N YNH&Hartf RR..100
Feb
Jan
81%
175
80
*
_.
44
228
17%
pref—100
31%
Llbby McN&Libby <om.7
Lincoln Printing $3 % pref *
;
36~
Ii2%
....*
.
Halle Bros pref
Leath A Co cumul pref...*
5%
5%
14%
49%
6%
9%
Mfg...
10%
Jan
254
19%
28
7
48%
La Salle Ext Univ com...5
405
Feb
37%
74
1
Kelly IsldTime &Trl....*
Jan
24%
1%
28
50
...
c7
Jan
10
37%
37%
14%
*
Greif Bros Cooperage A..*
Jan
Jan
34%
Jan
10%
11%
34%
43%
Feb
Jan
Feb
33%
7
10%
..1
Goodrich (B F)
Jan
10%
9%
11%
30
68
1011
4%
.*
Feb
2%
90
Price
Cleveland Railway. _..100
3%
9%
13%
Feb
1%
179
1%
1%
inclusive,
American Coach & Body.5
Jan
9%
4
9
50
34%
37%
...50
8
15
10%
Jan
12
Jan
29
Jan
260
11%
10
for
Par
Stocks-
Jan
28
69%
80
10%
129
Feb
Week
Jan
Jan
5%
of Prices
Low
High
7%
Jan
40%
Week's Range
3%
Feb
Jan
Sale
100
3
Jan
Feb
Last
300
8%
Feb
4
4%
Friday
4
Jan
Jan
30
34%
Jan
8
5%
1%
52
Jan
5
Feb
Feb
Feb
4
50
50%
31%
I
10%
1%
both
27,
29
»'16
7%
Jan
Jan
Feb
Feb
53
Cleveland Stock
Jan
Jan
13%
9%
12%
10%
8%
Jan
8
11%
Jan
Jan
Feb
Jan
Feb
4%
36
4%
Feb
25
395
.
13%
9%
11
Mill..25
Jan
1,800
Jan
Jan
Feb
Unlisted-
28
29
4%
10
—
36
36
..50
Preferred...
Wurlitzer
Feb
Jan
7%
34%
2%
12%
Feb
Feb
;
Jan
3%
150
Feb
23
Jan
Jan
Feb
26%
9
25%
550
29
104%
Feb
3
7%
com *
Kentucky Utilities—
Jr cumul pref........50
6% preferred
100
5
3%
3%
Loe w's Theatres (Bost).. 25
Maine Central com....100
Preferred
19
8
Jan
6%
4
3%
3%
1%
IntBut Hole Mach Co.. 15
Butler Brothers
23%
6%
17%
5%
4
Gillette Safety Razor Co.*
^
23
9%
23'%
5%
24%
*
Bethlehem Steel
23
1
188
29
....100
Gilchrist Co
Amer
*
Jarvls (W B) Co cap
Jan
50
595
Joy Mfg Co common.... 1
Katz Drug Co com
1
1
6
15
29
Jan
Jan
Jan
27%
Jan
Feb
Jan
Feb
29
Printing.........
9%
3%
8%
20%
7%
16%
32%
29%
23%
5%
14%
Jan
,
77
Feb
Jan
8
26%
14%
41%
1%
5%
7%
1%
17
11
27
Lunkenhelmer.
Feb
69
8
25
29
Fel)
13
High
Jan
115
8
17%
7%
17%
6%
15
15
.100
Part pref......
Holiart class A.
88%
%
18
17%
6%
———*
—
24%
47%
14%
Marshall Field com
Eastern SS com.........*
Aetna Ball
Gibson Art
8
8
Eagle-Plcher........... 10
Jan
13
90
...100
Ilmpl Group Assoc T c...*
to
100
Jan
Common
Eastern Mass St Ry—
1 st preferred........ 100
21
2
Jan
2%
2%
9%
6%
4%
.....*
4%% prior pref
t)% preferred
Feb.
2
75%
22%
168
Eastern Gas A Fuel Assoc—
New Engl
2
42%
1,376
8
2
Boston Personal Prop Trts*
cum
Dow Drug
Feb
%
%
7%
Class A 1st pref stpd. 1U0
Class D 1st pref stpd. 100
b%
280
5%
12%
Feb
9%
Inland Steel Co cap
*
Interlake Iron Corp com.. *
Internat Harvester coin..*
Boston A Maine—
Preferred B
7%
98%
285
88%
24%
45%
13
25
..100
87%
45
10C
Boston Elevated
142
70
69
70
491
8
7%
Kellogg Switchboard
Boston & Albany
Boston Edison.
Low
Shares
7%
100
33%
333%
12%
11%
Indiana Steel Prod com..]
Bigelow-Sanford Carpet Co
7%
7%
50
Cincinnati Telephone...50
150
1%
'2%
8
Jan
Feb
100
4
.32
34%
*
Jan
134%
Jan
7%
21%
8%
17%
350
7%
5%v
Indianapolis P A L com..1
Amer Tel & Tel
Price
Cincinnati Street Ry
15%
9%
c25
com.. *
........
•
3
45%
Illinois Cent RR com..lO(
High
Low
Jan
14
96
360
7%
Heileman Brewing cap...)
1
Last
Feb
13%
11%
305
4
Corp com...]
Gossard Co (H W) com..*
Great Lakes Dr & Dk com -
Sales
Friday
%
5%
.
Jan
Jan
Feb
50
7%
22%
15
Hall Printing Co com...l(
sales
1%
Feb
45
11%
c7%
25%
*
Jan
official
12%
12%
646
99% 100%
7%
Gen Amer Transp com ..J
General Candy cl A
from
1%
10
12%
13%
Jan
Exchange
compiled
13%
Feb
GoodyearTire & Rub
Boston Stock
Jan
2.00
42
.
4%
22%
245
90
$2,000
51%
59%
%
70
U%
General Foods common..*
..
20
5%
22
Bonds—
A 5s flat.
%
Feb
Feb
22
Preferred
Bait Trans Co 4s flat. .1975
10
Deere & Co common.....*
22;
20
T
1%
7% cumul pref...... 100
Curtlss-Wrlght Corp com. 1
40
406
•
Feb
Jan
Gardiner Denver Co
*
0%
12%
13%
Fuller Mfg Co com——1
90
Feb
%
Four-Wheel Drive Auto. 10
24%
1,500
Jan
Jan
90
5%
Jan
Feb
24%
5
Common...... ......3G
Feb
Jan
Jan
Jan
19
40c
Range for Year 1941
for
Week
Kroger——..————*
21
common.
96%
-
1%
Cudahy Packing-
Jan
62
-
Jan
1%
....20
Jan
Jan
Jan
43%
18%
96%
Jan
High
Par
of Prices
Low
High
Hatfield prjor pref...... 12
Feb
400
_.
Jan
Stocks (Continued)
300
4%
18%
77c
Phillips Pkg Co 5%% pflOO
U 8 Fidelity & Guar
2
Feb
Low
1%
—
94%
71c
Penna Water & Pwr com.*
31
5%
Vot t c pref part shs 1.. 5
Container Corp of Amer—
17
71c
,
116
Feb
Nigh
Shares
1%
Common pt sh v t c A _5C
Com ptsh vtccIB.
350
18%
96%
43%
Owlngs Mills Distillery .,.1
Feb
Low
IFeefc's Range
Sale
Cinti Union Stk Yards...*
2.65
123 ■V 72-
76
;
95c
Feb
83
2.65
-i"
L-
-T
1.50
230
T_
Jan
5%
57%
103
11%
Jan
10%
24%
20%
75
21
Jan
Jan
Jan
112
100
230
Pat
Price
Last
Range Since Jan. 1
for
Week
Consumers C'o-
High
Jan V 17%
Jan
102
50
.
24%
2.00
230
—
50c
4
45%
50
10%
112
24%
20%
j
Houston Oil pref. .....100
Preferred. 100
58
112
—
New Amsterdam Cslty—.2
Northern Central Ry...50
604
102
14%
396
5
48
102
100
Fidelity <fc Deposit
.20
Fidelity & Guar Fire Crp 10
85c
4%
47%
Consol Gas E L & Power.*
Low
•;
300
16
72c
Range Since Jan. 1
Shares
High
,
(Continued)
of Prices
lists
Week
*
Bait
sales
Sales
Last
*
Stocks
Week's Range
Sale
Consolidated Biscuit com.)
Consolidated Oil Corp...'
Sale
:
official
Last
cUltS
muuy
Sales
Friday
Baltimore Stock Exchange
2%
1%
2%
1%
149
60
6c
200
570
Jan
10
2%
1%.
3c
1.00
Jan
Feb
Jan
Jan
Feb
12
Jan
Jan
2%
1%
Feb
Ian
6c
Feb
Feb
906
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 2, 1942
OTHER STOCK EXCHANGES
Sales
Friday
Los Angeles Stock
Feb.
21
to
Feb.
27,
both
inclusive,
compiled
Friday
TFeeifc's Range
Price
A lrcraft Accessories Inc 50c
lists
sales
Week
1.75
alO%
United Air Lines Transp.. .5
United Aircraft Corp
5
U S Steel Corp.
for
of Prices
Low
High
Sale
Par
official
from
Sales
Last
Stocks-
Exchange
alO% ol04
o314
»
514
Low
Stocks
High
50
100
28 Ji
Feb
34 %
Jan
327
62
Shares
Low
Westinghouse El A Mfg. 50
High
1.55
1.75
1.50
Jan
1.85
Jan
2.45
2.60
305
2.45
Feb
2.70
51H
Feb
55 4
Jan
2
1.70
1.80
2,177
.1.70
Feb
2.00
Jan
Bolsa-Chlca OH
1
55c
55c
100
52 He
ol04 a\0%
22
o75 4
40
o54
754
Feb
5
5%
com
—*
Byron Jackson Co
al04
V
11
Cessna Aircraft Co
50
104
>4
.
Consolidated OH Corp—,*
Consolidated Steel Corp..*
5
Preferred
19%
327
1
Jan
11 %
Jan
12
••
Feb
12
Jan
514
Feb
Last
Jan
Sale
4%
Feb
54
Jan
315
18%
Jan
19 4
to
Feb.
27,
both
inclusive,
6
5%
34
200
Jan
34
Feb
Feb
7
70
385
Feb
31H
7 4
114
Feb
-■
4c
114
Jan
4c
2,750
Feb
Jan
Feb
4o
64
195
30c
30c
1,500
al9% a2l%
a21%
263
20
Feb
23
443
7
Jan
7
Jan
7
7
6 4
Jan
44 H
Jan
51 %
6 4
28c
Feb
%
Feb
164
31H
17
32H
34%
118
15 "4
Feb
286
29 H
Jan
Prior
7
16 %
preferred—'.—-—*
Electric Storage
BatterylOO
...10
~34H
116
33c
Jan
Pennroad Corp v t c
Jan
Pennsylvania RR
Penna Salt Mfg
3
1
45c
45c
4,046
45c
Jan
46c
Feb
Phila Elec Power pref—25
1.50
1,255
1.30
Jan
1.90
Jan
Phllco Corp
40c
800
40c
Feb
42c
Jan
Reading RR
2d preferred
a4c
a5c
600
4c
Jan
114
1,813
64
Jan
12
Feb
11
114
al74 fll8H
a254 a254
340
104
Jan
Feb
340
18
Feb
114
194
274
Scott Paper.
Sun Oil.....
Jan
Republic Petroleum com.l
1.65
"4%
254
Feb
100
364
Feb
150
274
Feb
1.65
1.65
135
1.65
Feb
74
44
74
1.50
74
Feb
Security Co units of ben int
15
54
3,100
34
Jan
77
24 4
Jan
25
124
Feb
144
Jan
124
25
25
25
126
18
So Calif Edison Co Ltd-25
124
184
814
354
124
25
354
68
Feb
284
Feb
26 4
Jan
134
Feb
"4
4
Union Oil of Californla-25
1
5
44
124
124
a84
00
Jan
184
10
Feb
1,903
4
Jan
699
124
84
Feb
10
Jan
44
Feb
Feb
85
Feb
134
Jan
94
Jan
5c
5c
Zenda Gold Mining
4c
4c
Co...l
1,000
5c
Feb
1,000
3c
>
Feb
6c
Jan
4c
Feb
Unlisted Stocks—
Araer Rad & Std Sanl Corp*
a44
American Smelting & Ref
1274
Anaconda Copper M in Co 50
100
264
498
186
116H
Jan
Jan
5
Jan
Jan
Menasco Mfg Co com.
34
34
a94
50
10
Bethlehem steei Corp
*
a604 a614
100
Feb
29
Jan
Jan
284
Feb
354
Feb
224
175
44
30
44
a634 a634
a 34%
40
10
Cities Service Co
2%
Curtiss-Wright Corp
394
24 %
Jan
Feb
*
Goodrich (B F) Co
*
a32%
%
300
Jan
31 %
Feb
Jan
604
224
Jan
44
"3§""
Feb
94
Jan
10%
Jan
N Amer Invest
144
13 H
Feb
15
Jan
22 %
2
21 4
Jan
22
%
Feb
300
120
74
125
254
Feb
20
34
84
Radio Corp of America.—*
Republic Steel Corp
.*
Sears Roebuck & Co
—*
2%
24
174
a50
a504
Socony-Vacuum Oil Co. 15
Southern Ry Co.—.....*
Standard Brands Inc
a7
al84
*
Swift & Co
017% al84
a4
Standard Oil Co (N J)..25
Studebaker Corp,
1
a7
a4
a34 4 035 4
Feb
""l%
Jan
"
25
a24
25
a344
a54 o54
a234 a244
21
Jan
19
19
19
25
18
Jan
19
Jan
Jan
7
Jan
Feb
29
(The)
5c
Jan
16 %
5%
315
14 %
Feb
164
Jan
3,363
4 H
Jan
5%
103 %
16
Feb
106 %
Jan
Pacific Coast
Jan
Pac G A E Co
1024 105 H
164
17
20
27,
both
inclusive,
Par
90
compiled
Jan
19
*
from
official
sales
lists
17
17
a334 a34H
Allegheny Ludlum Steel
*
Columbia Gas A Electric.*
Harbison Walker Ref
com
High
204
14
14
Range Since Jan. 1
'*■
214
Low
644
-i-w.
110
Feb
204
14
224
1.4
Feb
9
250
84
Feb
14
14
350
14
Jan
154
50
„•
*
154
Home (Jos) common...—*
19
Jeannette Glass pref..,..*
Jan
94
14
164
Feb
Jan
154
Jan
100
18
Feb
19
Feb
50
Feb
60
97
97
;
Preferred
100
!
97
*
7
75
93
Jan
7
74
1,284
7
Feb
Mountain Fuel Supply..l0
54
54
830
54
Jan
Pittsburgh Brewing pref..*
Pittsburgh Plate Glass..25
284
50
284
Feb
Jan
Feb.
27,
both
Shamrock Oil A Gas
Unlisted—
'
Feb
Feb
54
Jan
564
56
Jan
634
24
Jan
100
554
24
Feb
24
174
24
174
174
177
174
Feb
194
Feb
764
754
764
66
744
Feb
804
Jan
i
.
Pennroad Corp v t c
•.
84
284
564
1
Westinghouse Air Brake.. *
Westinghouse EI A Mfg.50
75
Jan
Jan
Last
Sale
Stocks—
Par
Alberta Pac Grain pref. 100
Algoma Steel
*
Amal Electric
A 8bestos
Price
1
24
Feb.
21
to
Feb.
27, both
27
24
inclusive,
Jan
24
34
Jan
Corn.
.
High
874
Shell Union Oil com
15
12%
Soundview Pulp Co com .5
15%
Preferred
—..100
Standard Oil Co of Calif..*
*
20H
*
For footnotes see
page 907.
110
110
87 H
Feb
23
101
Jan
Jan
26%
Feb
1.50
Jan
1.75
Jan
9%
Feb
100
1.60
Feb
1.75
Jan
3%
Jan
5%
Feb
160
12%
15 %
100%
Feb
21
10
27
124
204
145
25
164
10
64
14
Jan
Feb
17 H
Jan
Fet
100.4
Feb
800
114
Jan
13 H
Jan
Jan
1,702
;
Union Sugar com
Jan
Feb
19%
Jan
22%
Feb
10 *£
Feb
134
Universal C'onsol Oil
94
4
11
27
60
340
94
44
124
6.790
9%
4
■>:
Fet
Jar
781
12H
164
150
124
64
200
64
29 H
4%
Fet
13%
Jan
Jan
Ja
16 H
Jan
.
Feb
7
Jan
84
14 %
Walalua Agrlo Co..—-.20
Western Dept Stores com ♦
84
100
8%
144
150
14%
Fe!
9%
17«*
Jan
144
2.25
Vultee Aircraft..-....—-.1
2.25
485
2.25
Feb
2.25
Feb
Fet
7%
15 H
Jan
Feb
7
preferred
...25
Western Pipe A Steel Co 10
;
7
7
370
144
a44
100
144
a4 4
13 %
Ja
Ja
Jan
compiled
from
official
sales
lists
Argonaut Mining Co.
Week's Range
Price
of Prices
Low
Aviation
110
Feb
4%
508
125
Feb
128 H
Jan
34
34
470
3
Jan
3H
Feb
1.40
1.50
385
175
Jan
1.50
Feb
a344 a364
29 H
Jan
354
Feb
34
110
3H
Feb
44
Jau
40
32 H
Feb
324
Feb
•
100 ol274 al264al'274
—
.5
a
36 H
34
Corp of Del—-.3
,
4H
1.25
,
Jan
Range Since Jan. 1
for i
Week
Bendix
High Shares
Low
High
<
Aviation
:
a354 a354
Corp...5
Brown Shoe
*
com
33
44
314
Jan
230
124
Feb
334
32c
Blair A Co Inc capital...1
Feb
344
Jan
8
••
•
•■
.
(
:•
4
5H
5H
60
54
Feb
100
98 H
40
984
Fet)
Feb
a
Feb
com
13
8
30
8
99
8
5%
54
50
5
Jan
International Shoe com...*
30 %
30 H
270
28
Jan
5H
110
,'.*
com.
Laclede Steel
com
5
5H
-
35c
30c
1,834
Feb
40c
Jan
Jan
Feb
Jan
9
Feb
104
74
Jan
General Electric
20
Idaho Mary Mines
Corp.l
Feb
Kenn
17
154
100
13
Jan
154
Fel)
2
Co
184
Feb
3
5
Jan
Feb.
.1
M J AM AM Cons
a26H
94
Jan
Montgomery Ward A Co.*
Feb
101
Feb
Mountain City Copper..5c
2
Feb
2
5
54
Fel)
Jan
6,750
5c
Feb
90
214
Jan
24
114
65c
330
254
25%
3
60
2.95
538
,
Feb
28
Jan
Fet)
2.90
3,4
Feb
Feb
4
7c
34
Jan
300
7c
Feb
364
Jan
7c
Jan
9c
Jan
50
26 %
Feb
274
Jan
1.90
155
1.80
Jan
2.60
Jan
all4 0.12%
49
Feb
134
84
Feb
20
11%
84
22%
Feb
a9% «94
a234 a234
North American Aviation 1
Jan
North American Co
Feb
24
al2%
Pennsylvania RR Co...50
10
com
Jan
24
Feb
a264 a264
50
Jan
official
sales
i
Sales
Sale
Par
Stocks—
Price
Week's Range
Shares
High
Low
High
44
44
Assoc Ins Fund Ino
24
Jan
244
Jan
354
Feb
354
Feb
Calamba Sugar com
644
Feb
644
Feb
Cons Chem Ind A——*
870
8
Jan
4H
7%
100
4
Jan
625
6%
Jan
4%
7%
2%
22%
Atlas Imp. Diesel Engine.5
8 '
4H
,74
8
10
2%
125
Feb
3
8
20
1.60
20
20
190
23 %
625
1.75
20
484
«
Week's Range
for
of Prices
Low
High
Jan
18
18
285
18
26 4
1,253
25
244
135
"36H
354
«44
8H
Jan
Feb
2%
22%
Feb
Jan
Feb
204
Jan
H
Feb
Feb
284
264
Jan
Jan
100
Feb
330
35 H
Feb
•.25
4%
Jan
a334 a33%
634 034
a3lH
«52H
United Aircraft Corp cap.5
33
38%
100
a3l4
100
63 %
28 H
Jan
Feb
a28 4
a514 a524
187
51%
4
364
a44
United States Steel com..*
5
Jan
414
4%
Jan
Jan
Feb
384
634
324
Feb
654
Feb
64
Jan
Jan
7c
Feb
Jan
Feb
Jan
Jan
Feb
Jan
54
6c
Westates-Petroleum com.l
25 %
2.00
Jan
Preferred*—.————1
Jan
Jan
Western Pacific pref...100
Feb
1.55
20
3
24 %
4
4
25
21 %
Jan
Westinghouse ElecAMfg 50
7oc
4
754
54
■,
7c
100
;
393
5
6c
■
80c
74c
726
70c
Jan
4
200
Feb
4
Feb
754
100
%
76%
Feb
754
Feb
Jan
Sales
Friday
Week
Price
Jan
22
Feb
Listed and Unlisted
Sale
Par
6
Feb
2%
254
Studebaker Corp com. —1
Sales
Last
Stocks—
Jan
21H
244
18
Texas Corp com
25
Union Carbide A Carbon.*
Jan
Anglo Calif Natl Bank..20
6
30
26
6% preferred..
25
54% preferred......25
Stand Oil Co of N J
Range Since Jan. 1
100
22
24
Week
of Prices
Low
for
100
6
22
24%
So Calif Edison Ltd com 25
lists
24
6
2%
"22"
Standard Brands Inc.—_.*
Last
Jan
Range for Year 1941
iMSt
Sale
.
Low
Sharesl
Stocks (Continued)
High
Price
Par
Week's Range
of Prices ;
Low
High
1
for.
Range Since Jan. 1
Week
Low
Shares
High
lists
Bathurst Pow A Paper A. *
Bell Telephone Co
100
Range Since Jan. 1
Brazilian T L A P
.*
British Col Pow Corp A..*
.J
High
Bruck Silk Mills
134
"145%
74
-----
Jan
26
Jan
Bulolo
Jan
9
Jan
Canada Cement Co.-.---*
74
Jan
Jan
Preferred
-
Jan
19
Jan
Canada Forglngs class B—*
5
110
Feb
110
Feb
Can North Power
Corpl..*
19
247
74
987
19
130
5
15
144
64
19
4
Jan
14 4
Feb
134
1504
Jan
Jan
84
214
Jan
Jan
Jan
Jan
Feb
Jan
Canada Steamsh ip...—.. *
5% preferred.
.60
Canadian Bronze
*
Preferred...
-----
Jan
54
10
114
Jan
12 4
64
205
Jan
180
Feb
Feb
12
44
44
1014 1014
64
44
Cndn Car A FoundryPreferred j.
5
Jan
Canadian
Jan
102
19
5
5
176
1
101
50
184
Jan
30
44
Jan
194
5
54
274
30
97
.
Celanese..
1054 105.4
'
Jan
294
Jan
32
Jan
27 4
Feb
Feb
100
»
5%
64
356
54
28
29
28
....100
4
124
19
'5%
29
Feb
75
105
Feb
1054
Feb
55
5
Feb
Feb
•
64
44
100
18
74
5
5
180
144
147
14
1454
124
*
84
74
84
45
1.90
rfchumach Wall Bd pref..
27, both inclusive, compiled
Feb
26
64
Feb
Feb
Exchange
Feb.
404
Low
134
Feb
Feb
'
from
to
Jan
Shares
2.90
7e
1004
215
21
Jan
sales
Jan
5%
7%
a344 a354
Riverside Cement Co A--*
404
official
12 4
185
3
3
2.90
Copper Corp com..*
95
450
5c
23 H
54
Jan
Jan
4
115
210
Jan
8
Feb
18
40
al24 al2%
54
54
7%
74
254
*
45
2 ■
5'4
6c
...
5%
6c
4
San Francisco Stock
Jan
u3
Feb
U
1
7%
Honokaa Sugar Co
Feb
101
com
~~~5~%
1
Jan
Feb
101
Wagner Electric com.... 15
*
Corp
Feb
4
11
Vardaman Shoe com.....l
a24
a3
Cons Edison Co of N Y—*
Feb
54
32
154
154
Jan
101
110
11
.
.
Jan
64
16
154
*
Jan
164
15H
..20
Jan
94
134
114
;V J
Cities Service Co com—.10
Consolidated Oil
Jan
24
CO
Feb
334
Curtlss-Wright Corp
84
74
18
Feb
400
124 124
154
154
1004 1004
124
2
Jan
Jan
74
18
13hi
1,130
i;
Union OH Co of Calif...25
Transamerica Corp
Feb
74
5
5
27
So Calif Gas Co pref scr A25
Southern Pacific Co
*
oc
90
10
Jan
Feb
800
94
Amer Tel A Tel Co
Jan
100
97 H
n%
371
-
1.70
1.60
44
5
Anglo Nat Corp A com..."
Sales
Sale
Par
Jan
9
Feb
Feb
24 C
90
94
21
174
23
23%
18
25
1.70
Jan
290
114
25
1.45
94
94
1.60
Jan
53 4
9
27 H
234
9%
Feb
Jan
23
9
83f-
Jan
Jan
89
Amer Rad A Std Sanitary *
Exchange
Friday
Building Products cl A...*
Corp..—
Assoc Breweries
of Prices
Low
Jan
29%
1.60
184
Feb
for
Week
20
Feb
1
90
Sales
Week's Range
Feb
25
7%
Vv!
-:
St. Louis Stock
Preferred
Jan
24
inclusive, compiled from
Friday
Feb
,*
Rayonler Incorp com
20 H
Montreal Stock Exchange
to
1.35
18
25%
114
Tide Water Ass'd Oil comlO
V
30
Lone Star Gas
Friday
21
508
234
Jan
60
96
Jan
224
14
20
19
50
50
CANADIAN MARKETS
Feb.
Feb
1,751
1,141
Rep Petroleum Co coin__l
Ryan Aeronautical Co__.l
High
84
Duquesne Brewing......5
Fort Pitt Brewing.__„_.._1
for
Shares
12H
504
161
Jan
4H
1.45
100
20 H
114
300
18 H
Jan
184
94
Pig'n Whistle preferred.
Week
of Prices
Low
Calif Water Service pref.25
644
Feb
3%
17
254
1.40
25%
*
Pariifflne G'o's corn..
Jan
Feb
18
25
Pac Tel A Tel com
120
245
44
Jan
6c
7
354
Aggregates.5
com
24
240
17
-
44
Class B_.
Pac Pub fferv 1st Pref
Sales
Week's Range
Price
Cent Eureka Min Co com 1
64%
Jan
Jan
491
90c
Jan
Coca-Cola Bottling com..l
Dr Pepper com
*
Union Carbide A Carbon
Corp
6%
6H
25
24
Warner Bros Pictures..-.5
Texas Corp
867
64
64
Jan
10
Ely & Walker D Gds com25
328
10
Feb
900
500
Jan
Feb
252
20
5c
Jan
9
284
24
164
96
120
'
2
50
138
64
Feb.
Emerson Electric
125
48
90c
204
90c
50
Friday
a5 0
Jan
Jan
Feb
Feb
20
Occidental Insurance Co 10
\
20
110
8%
1.90
3%
9%
i
Jan
64
Sale
5
24
174
Jan
20
6% preferred.—i.,„ 100
54% preferred
100
Radio Corp of America.
al44 al4%
384
3
Occidental Petroleum.._.l
2d preferred
100
St L Bank Bldg equip com *
0.27.1A
84
k
O'Connor Moffatt clAA..*
Feb
Paramount Pictures Inc.-l
100
Jan
Jan
Pennsylvania RR Co.-.50
Jan
Jan
Jan
404
332
15
Jan
1.35
55%
H
284
o7%
34
14
140
Feb
Jan
94
1.50
Feb
Feb
07%
1.50
100
com...
136
14
14
1.50
4
404
%
Feb
25
284
a7%
Ohio Oil Co.
1.50
'
"~l%
8
494
Jail
Jan
1,100
25
a94
124
94
90c
616
40
12
9
100
5%
24 H
52 %
National Candy com
09%
*
1.15
Feb
Feb
20
%
1
Last
Sterling Alum
NY Central RR Co.—*
North American Co
459
51 %
52 H
......*
a264 a264
North Amer Aviation Inc. 1
204
Jan
a404 a404
Montg Ward & Co Inc.—*
'
Jan
Mo Ptld Cement com...25
-..*
Jan
300
2%
4%
34
Feb
128
60
Feb
24
44
36 %
.
Feb
"38"*
Feb
a244 a254
a324 a324
0344 *344
9%
3
Feb
Stocks—
Key Co
Kennecott Copper Corp—
Jan
Jan
Feb
20
14
074
02
8%
165
2%
Last
a24
a2
Feb
200
Natomas Co—————-*
110
144
Hussmann-Ligonier com.. *
Internat Tel & Tel Corp..*
7%
94
314
50J4
Jan
Feb
14
a74
.-*
General Foods Corp
4H
1
10
Friday
Jan
al43/i al4*A
1
General Electric Co
Loew's Inc...
3 H
Jan
H
Pittsburgh Stock Exchange
Jan
a24
1%
Feb
77
StocksColumbia Gas A Elec....*
Jan
13
Jan
500
25
a344 a344
41H
Jan
3H
24
Atch Top A Santa Fe._ 100
Case (J I) Co-.-.
Feb
10%
Jan
10 4
Jan
394
604
22%
44
Jan
34
10
22%
Canadian Pacific Ry Co. 25
39
295
Unlisted—
a4%
o614
Borg-W arner Corp ...... 5
100
Caterpillar Tractor Co.—*
264
200
a94
3
6
Jan
Feb
Jan
100
280
1.15
1
March Calcul Machine—5
Jan
4
114
64
4H
204
Lockheed Aircraft Corp._l
5
a354 a35H
Corp (Del)
Barnsdall Oil Co...
354
354
Bendix Aviation Corp..
44
1274
44
24
468
a20 V, O20 V*
Atlantic Refining Co.,..25
Jan
1?54'" Feb
175
1274 1274
264
Atchison Topeka A Santa
Ry
a44
a39H a39H
American Tel & Tel Co. 100
Aviation
Jan
3%
Koppers Gas A Coke—
Mining Stocks—
Blk Mammoth Cons M 10c
10 %
2%
Jan
224
13%
Feb
31 4
*
to
Jan
9
94
6% 1st preferred
25
5H% 1st pref.——25
Pac Light Corp 85 div..
21
11
64
Langendorf iJtd Bak B__
Libby McNeill A Libby..7
Oliver Utd Filters A
Feb.
582
470
2%
Jan
114
Jan
Feb
Feb
39 4
10
Preferred—
Feb
Jan
26
a9
Jan
Feb
23
a9
*
Jan
9
314
Westmoreland Coal
300
Jan
9%
1
Jan
820
34%
7H
Feb
Jan
419
Jan
Jan
Feb
——*
84
13
1,061
%
184
H
32
34 %
114
135
887
114
11%
10
30
1.80
26
Feb
39
10
National Auto Fibres com 1
4%
244
214
Honolulu Oil Corp capital *
Hunt Brothers com
Jan
15 H
23
204
Feb
116
54
102 H
124
~204
Feb
12H
9
Jan
5
f
"
12H ■124
Hawaiian Pine Co Ltd—
Feb
16 H
Jan
*
Hale Bros Stores Inc
113
*
204
Jan
16 %
8%
55
*
414
Jan
95c
Feb
Feb
United Gas Imp com
Feb
108
Feb
100
176
United Corp pref
Fel)
120
354
Feb
Jan
26
,
Southern Pacific Co
31%
Feb
Jan
Jan
600
155
74
19
Jan
18
90
60c
60C
H
Jan
Feb
354
90
90
9
130
304
54
Jan
: Feb
North Amer Oil Cons... 10
Feb
25
Shell Union Oil Corp
50
344
5
22%
Preferred
Richfield Oil Corp com—*
Jan
Feb
33
7 H
847
38 4
;
H
50 H
30
100
262
84.
1,061
31
Tonopah Mining
438
36
35
504
334
Jan
Feb
36 4
28
5%
16%
Jan
50
com..10
3H
314
94
13 H
Salt Dome Oil Corp
28
22
Jan
Feb
Golden State Co Ltd
23 H
50
104
364
Jan
5%,
14%
31%
74
24
50
Nordon Corporation Ltd.l
364
15 H
Feb
12%
35
144
H
1,793
29
4%
Jan
V 75c
120
54
14
14%
22%
..3
Pacific Finance Corp com 10
10
30
Jan
205
21
*
—
140 H 140H
113
114
23!H
44% preflOO
40c
25
Pacific Indemnity Co... 10
Pacific Lighting Corp com *
116
4%
50
50
1,40
8c
35
70c
250
75c
5H
14
-
Magnavox Co Ltd
40c
6% 1st preferred
Jan
Feb
1.45
Pacific Gas A Elec com..25
147
7
33H
Horn & Hard (Phila) com.*
7%
Feb
114
88
21
50
Home F A M Ins Co cap
-1
Fe
Feb
225
Mt Diablo Oil Mln & Dev 1
Vultee Aircraft Inc
122 Vs
2 %
230
Phila Elec Co
Mascot Oil Co
2
963
450
2%
Feb
Jan
64
Los Angeles Investmt Co 10
Taylor Milling Corp
Transamerica Corp
Jan
*16
127%
*
Ja«
Jan
Feb
75c
14
Fireman's Fund Indm Co 10
Gen Motors Corp
High
9 H
514
Budd OS G) Mfg Co
Lehigh Coal & Nav—-...*
Lockheed Aircraft Corp.-l
*
Standard Oil Co of Calif..*
Low
132
71«
American Tel & Tel....100
Feb
7
4c
1
54% preferred C
Shares
High
114
114
126% 127%
2%
2%
Jan
104
80
75c
2
Galland Merc Laundry.
494
Jan
20c
12% al2%
a
Lincoln Petroleum Co.-10c
6% preferred B
Week
*
64
Feb
380
Feb
795
345
Range Since Jan. 1
5
Feb
20c
35
1,685
34
114
Foster & Kleiser com._2H
for i
Curtis Pub Co com..
4%
618
7
012%
lists
12%
134 H
3%
7H
455
34
334
Petroleum.. 10c
Original preferred
sales
Sales
Low
Price
High
3 H
81
Gladding McBean A Co..*
Par
Stocks—
General Motors
Ryan Aeronautical Co-.-i
official
3
80
80
Emporium Capwellcom..*
Preferred (ww)
.50
Jan
381
380
10
Gladding McBean & Co..*
Goodyear Tire & Ruhr Co *
General Motors Corp com
Low
Shares
104
—*
Fireman's Fund Ins Co. .25
1,073
al5c al'Jc
FarmersAMerchsNatBk 100
Preferred A
from
3
1
...
Di Giorgio Fruit Corp pf 100
El Dorado Oil Works...
v'r.
•
compiled
Week's Range
of Prices
Budd Wheel Co.——*
Menasco Mfg Co..
'•
•
Chrysler Corp
54
Exeter Oil Co cl A com..l
Lane-Wells Co...
.*
Friday
Jan
Jan
21
American Stores...
Electrical Products Corp.4
Intercoast
'
Jan
6
Common....
Crown ZeU'liach Corpcom5
Cypress Abbey Co
Philadelphia Stock Exchange
62 He
200
19 4
184
:
.
Jan
„
46!H
5%
255
54
V-
Feb
94
9%
400
Chrysler Corp—6
\
Jan
10
Feb.
Central Invest Corp... 100
•
•
••
.
Year 1941
Week
Jan
Feb
Blue Diamond Corp
o54
for
of Prices
Low,,« High
Price
Par
Preferred
Bandlni Petroleum Co—1
970
(Continued)
Week's Range
Creameries of Amer Inc—
Range Since Jan. 1
Warner Bros Pictures Inc. 5
Range for
Last
Sale
Share
o'294 o314
52
Range Since Jan. 1
Sales
■
.
for
of Prices
Low
High
Week
Price
Par
Week's Range
Sale
Stocks—
•
■
Last
25
22
22
22
215
22
Jan
1*
234
22
234
165
22
Feb
64
234
26 H
*
j.
5
5"
54
Jan
Jan
123
125
90
123
Jan
125 H
Jan
Jan
Canadian
Converters.. 100
17
17
10
17
Jan
Jan
Cndn Foreign Investment *
16
16
25
15
Jan
17H
16 H
Feb
Jan
Preferred 7%
100
123
Jan
Unlisted
CANADIAN MARKETS— Listed and
Last
•sale
of Prices
Low
High
Par\ Price
{Continued)
Stocks
Week's Range
Low
Shares
Stocks
{Continued)
for
Sale
High
|
Week's Range
oj Prices
Low
High
Week
Price
Par
High
Low
Shares
Stocks (Continued)
Class B
34
34
34
34
34
Alcohol..*
Ciuln Industrial
34
34
4
Jan
34
(Continued)
Maiartle Ooldfields
Mines
Jan
3
17 >
Jan
Jan
1
38
Feb
1
1,003
40
54
54
1,076
54
Feb
64
Jan
54
6
Jan
M-IHyre Pore Mires...'.5
O'Brien Gold Mines.....1
65c
50
38
374
Feb
>39
Jan
Pato Cons Gold
Dredging. 1
PickD-Crow Geld
1
2.50
Kir
2.50
3 84
54
384
Feb
65c
54
Smelting..5
2.07
2.07
Distillers Seagrams—
*
Bridge...-----*
Dominion Goal rrof
25
Dom Steel A Goal B....25
23 H
224
234
2,330
22
Feb
26
4
Jan
23
23
23
316
2.3
.Tan
234
Dominion
Jan
14
20
14
Feb
1Rr/
Jan
Jan
7%
Feb
44
Week
Low
High
Low
Shares
High
*
32 4
32
32 4
511
32
Pel
36 %
Jan
International Petroleum..*
Jan
2.22
Feb
394
400
1.50
1.50
394
for
of F rices
Price
Par
1
Range Since Jan.
Week's Range
Sale
UH
li4
11H
967
114
Feb
134
Feb
134c 134c
25c 26 4o
lc '1
lc
1.000
13c
Feb
20c
5,500
25o
Jan
294c
Jan
33.000
4'c
Feb
lc
Feb
International Nickel
120
Sales
Last
1
Range Since Jan.
Last
Range Sine* Jan. 1
for
Friday
Sales
Friday
Sales
Friday
907
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4051
155
Volume
F"b
40
Jan
«
Canadian Pacific
—
Con Mining A
"54
Ry._—25
*
Crckshutt Flow..
Dom Tar A Chemical
Dominion Trni'e
...
14
"7%
74
3.35"
10
78 4
34
78 4
13
14
5
"14""
5:i;;-
Gat Ineau——;——-——*
•
•
7«4
F>h
125
13
P'eP
16
45
P:5
Feb
6
54
r: -
95
6«
Feb
.
54
-
30
8.8
'27 50
pref.100
..:: *
Hn'llrger Geld Mines....f
45
45
31
,
Coodveir T nref l"c
2; .4:
Howard cmlt,h Paner——
Internat
87
\
5%
85
Ja"
90
Jan
-164
Jan
174
Jan
12
Feb
12
Feb
2,769
;•••"
16
Ja"
314
Feb
34
Jan
204
21
370
20
Feb
22
Jan
Feb
11
Jan
—
68
'•
34
,-34;
-
Jan
914"
Feb
105
134
134
.....50
155
134
v'tr
124
r>
124
.115 ;.-115:s.
pref.,100
Simons A Sons (H) —.—*
13
25
?6
Feb
60
.
9-
ft
too*' 'rn Cpn Tower....
115
100
;
.'ft68
<
Feb
84
3
3
P'eb
50 ••'>9
150
.
Jan'
Feb
Jan
684
Jan
Can
;
...100
152
152
100
100
.100
187
273
273
273
1504
150
151-
120
v
188
Jot;
If
•
152
!
.
150
-Jan
Jan
274
Feb
r-
*■
for
of Prices
Par
-.100
pref.
cum
114
Corp.-.*
Brew A Dist of Vancouver 5
Brit Amer Oil Co Ltd
*
Beauliarnois Pow
Brit Col Packers
Preferred,
Cndn Dredge A
Canadian Vkdrers
4 4
Feb
Feb
14
Jat
15
10
195
Feb
99
174
Fob
204
37
?44
Feb
64
Feb
74
1.35
29 4
42
80
114
114
50
24
24
114
Feb
Feb
24
31
12
Jan
Jan
23
70
21
Jan.
234
Jan
42
200
42
Jan
42 -
Jan
Feb
2 no
J".*»
1.00
1.00
125
74
74
24
8
74
Fob
917
24
Feb
74
34
Feb
4
55c
55c
200
50c
Ja>
553
Feb
Ltd—*
60
20
20
*
Feb
166
34
4
Feb
Jan
7% cum
Fleet A ircraft Ltd.......
Ford Motor of r'an
8K
Jan
10
1.80
Jan
2.00
Jan
1.75
Feb
34
Jan
154
440
154
Jar
164
Jan
15c
15c
> 5
15c
Feb
15c
i04
104
114
150
104
Feb
134
(Can) Ltd A..*
International Utilities B..1
1.05
1.50
90
1.05
Jan
1.50
10c
10c
25
10c
Jan
lOo
74
74
Lake St
JohnP&P—*
74
11
1,250
99c
Feb
100
"194
24
194
24
194
Feb
Feb
80
80
38c
Feb
479
44c
Feb
1,120
75c
P'eb
89o
Feb
45
Feb
Moore
304
304
50
304
Feb
304
Feb
125
54
Feb
*
7:27
1024 1024
•'
1.05
43
424
'•-184
100
Jan
425
11.05
Feb
1.05
Feb
184
165
184
Feb
504
194
Jan
Feb
46c
294
214
Feb
24 4
Feb
5
48 4
Feb
55
Feb
28c
Feb
41c
154
Feb
3.65
3.65
". "• 85
3.60
Feb
3.85
2e
k -.
9.25
■
2,500
-2e
9.25
2.38
2.38
2c
Feb
310
8.75
Feb
11.25
Jan
100
2.26
Feb
2.80
Jan
;
t
|
Int Mill
24
Feb
3
Jan
24c
Jan
34
c
Jan
94
Feb
1034
Jan
Feb
85c
3
Jan
4
Jan
12c
Feb
loc
P'eb
1.00
1,400
2,200
42c
Feb
57c
Jnn
44
100
34
Jan
44
Feb
2.60
6,800
2.35
P'eb
3.20
Jan
25c 254c
2,814
25c
Feb
39c
Jan
17c
2,533
Jan
17 4 c
Feb
..1
Queeneton
22
Jan
24
24
Feb
Jan
17c
124
I<eb
55
125
124
40c
114
Senator Rouyn
18
Feb
18
Feb
151
36
149
P'eb
155
Jan
17
17
15
17
Feb
1
Jan
Shawinigan——
40c
P>b
Shawkey
Sherritt-Gordon
Feb
;
Jan
Feb
-Impsoi.s preferred
SIscoeGold
Jan
Sladen-Malartlc
46c
1224
—
10
Jan
64
Feb
Slave Lake
P'eb
9 4
Feb
Feb
1.72
Jan
South W Fete...
1.40
1,200
53c
1,565
50c
Jan
55c
Jan
2.850
P'eb
1.30
Jan
Stand Radio
1.12
3,000
8c
B>b
10 Vc
Jan
290
34
P'eb
3 4
Feb
1.02
1.20
9.065
99c
P'eb
1.50
Jan
49c
50c
6
25c
1,000
27c
Feb
P'eb
49c
Jan
20c
Feb
33c
Jan
Feb
7c
*J
34c
Feb
Sylvauite
120
104
38
92c
Feb
104
Jan
P'eb
39
Jan
Preferred
Jan
132
Jan
19
Texas
184
Feb
Feb
30
1
214
Jan
33
Tamblyn
— —
174c
Jan
254
Jan /
174
Jan
Jan
191
Jan
19
5
80c
60
64
10
234
845
64
10
80c
80c
64
64
64
> referred
5c
1,000
244
Jr.n
74
Feb
Feb
P'eb
44
1.25
Feb
74
Feb
Feb
10c
Jan
Jan
Ventures
Vermllata
24c
3,100
24c
P'eb
4c
Jan
4,350
1.65^ Feb
2.30
Jan
Walkers
24
10
24
25
5
Jan
3
P'eb
494 c
Jan
Jan
3.15
940
2.90
Feb
16
833
154
Feb
22
3
Feb
34
3
20c
100
20c
30
10
20c
P'eb
34
20c
I referred.....
Jan
Feb
Feb
10
Feb
15
979
Jan
164
17
25
28c
800
5
5
69
69
69
765.
76
4,100
12c
Feb
20c
24c
Feb
34c
47
444
Feb
494
24c
44
45
Feb
424c
5
P'eb
6
69
P'eb
744
25
76
Feb
77
—
44
,24
"ie"
154
84c
1
24
-.-.—-.
: 2.25
SI
24
16
9c
24
2.50
Jan
24
Jan
Jan
164
3,500
84c
13c
Jan
110
24
Feb
Feb
34
Jan
500
2.25
Feb
3 00
Jan
34
Jan
3
Feb
35
Jan
45c
Feb
36
Feb
55c
Jan
Jan
154c
16c
2,740
1,500
I54c
Feb
20c
7.80
7.55
8.05
2,426
6.75
%'eb
10.50
Jan
2.50
2.40
2.51
3,655
2.35
Feb
2.70
Feb
44c
9,700
24c
Feb
5c
Feb
254
26
580
254
Jan
54
10
534
Feb
Jan
284
54
55
Jan
200
202
204
JaD
200
Jan
8
Feb
94
Jan
Feb
124
Jan
934
P'eb
99
Jan
1114
Feb
115
Jan
84
3,013
114
114
202
114
93 4
93 4
112
5
40
8
112
Jan
200
1.35
Jan
1.56
1.55
1.50
1.56
2,775
1.50
P'eb
1.98
Jan
10 4
104
65
104
Feb
114
Jan
524
524
2.10
13
62 4
P'eb
52,4
Feb
2.05
4,406
2.05
Feb
2.34
1.30
1.30
100
1.20
Jan
1.60
Jat
11
"
2*05
.....
60
7
Feb
15
102
P'eb
Jan
Jan
Jan
84.
Jan
106
1.10
P'eb
95c
300
95c
Feb
48
48H
87
484
P'eb
50
P'eb
70
70
70
Feb
76
Feb
"_95c
95C
48
34c
34c
34c
1
''
500
34c
Feb
50c
Jan
3
600
1.50
Jan
3.25
3
Feb
Jan
34c
34c
34c
3.100
Jan
5c
94
94
9%
480
94
Jan
104
3
3
34
310
3
P'eb
95c
78c
95c
14,200
74c
Feb
1.24
3.35
3.35
3.35
20
3.30
P'eb
3.70
Jan
7c
94c
2,000
54 c
Jan
lie
P'eb
15
500
15c
Peb
22c
Jan
4 30
Feb
15c
pref..
Jan
Jan
4
Jan
4.80
Jan
414
Feb
504
Jan
184
Feb
21
Jan
4.40
4.70
525
414
42 4
42
184
18 4
184
14
11c
1.500
11c
Feb
134c
Jan
9%
100
94
P'eb
114
Jan
100
1.00
Jan
1.15
650
1.00
Feb
1.25
Jan
105
74
P'eb
74
Feb
lie
9%
104
1
1
1.00
8
74
8
100
100
*
*
Wright-Hargreaves
Ymlr Yankee.
c
424
1.00
Wood Alex
34
5
74
74
;
.
P'eb
74
Jan
Jan
80
2.35
2.46
3.885
2.35
Feb
2.90
Jan
4c
2.35
5c
2.500
3c
Jan
5c
Feb
21
to
Feb.
Exchange-Curb Section
'
'
Week's Range
Range Since Jan. 1
for
Week
of Prices
Sale
'
lists
Sales
Friday
Last
from official sales
compiled
inclusive,
both
27,
High
Feb
15
«.
P'eb
1.54
Feb.
Jan
3
4c
Jan
11c
1.54
Toronto Stock
2
36
44c
14c
1.54
Jan
15
3
48c 49 4c
1.96
Jan
104c
Jan
Feb
5
...225
..
P'eb
lc
6,200
Jan
60
36
.
1.35
•
14C
Jan
Jan
25c
5
12c
11,600
114c
Jan
3,000
154
15
24c
Jan
1.70
Feb
16
164
12c
Jan
5
Feb
27c
24c
704
B—
Jan
10,
10
764
14c
Feb
68
lc
——.1
*
Winnipeg Electric A. — .
Jan
154
274c
Jan
68
614
11c
Westons
3.00
10
634
Wendigo
294
3.60
20c
Preferred
Jan
32 c
1,700
Feb
154
10
Jan
604
P'e-b
40
ic
1
—*
*
——*
Walte-Amulet
1.80
35c
Feb
34
114e
-*
1
*
1
Upper Canada—
1.72
25
Feb
5
Jan
*
Union Gas
United Steel
24c
34c
50c
Jan
1
Ucni Gold—
1.80
25
Jar.
3
150
6,500
pref...50
100
Transcon Res.......
*
Twin City
*
24c
24
4£c
4 4
3.4
Jan
44
Feb
Feb
Jan
Feb
188
44
*
ICO
.380
50c
5
1.59
1.70
Toronto Gen Tr........
74
7c
Feb
68
Toronto Elevator
Jat
Feb
234
64
16c
102
Feb
174
174
Feb
7
15c
176
174
234
16c
100
224
144
30
189
185
800
*
425
154
Jan
16c
......100
.,1
500
562
44 c
61
*
Tip Top Tailors
Feb
15c
J Mi
7
50c
224
2%c
50c
50
Jan
500
4,000
34
...1
Canadian.........5
50c
50c
4c
5
Teck-Hughes
Jan
126
17
110
20,500
34c
Jan
374
155
131
34c
2 4c
16c
1
P'eb
Jan
3c
*
*
1
..*
Sudbury Basin
P'eb
Ja-
40c
5,900
.'
10
240
31
P'eb
80c
1,700
104
374
turgeon R
75
6,950
24c
Straw Lake
Jan
117
80c
80c
Jan
25c
1.095
120
117
58c
6
Jan
75
41c
Steep Rock.
uan
Jan
23c
.25
P'eb
Jau
Jan
'
894
8
40c
Preferred
54
160
97c
6.00
Jan
23c
*
46c
4,300
P'eb
Feb
6
41c
——*
...•——*
Steel Can
Feb
II
—*
——*
Staud Pav
97c
14c
75c
,i: 45
78
77
Jan
5.00
490
5
64
14
Feb
lc
4,245 ,
80c
75c
5
Jan
Feb
'
500
lc
lc
Jan
17c
Feb
6c
13
55
64
*
100
South End Pete...
1.40
7,200
13
2.05
1|
...II
9
1,300
94
"7 5c,
-1
....
54
54
-
.......1
Sigma
Silverwoods
Jan
15
P'eb
141
120
15
119
l()c
Jan
194
Feb
1.35
4,925
11c
124
.1
Jan
34c
9
1.55
1.55
1.40
1241
Feb
14 4
Jan
Feb
100
15
125
84c
34
84
5
149
149
1
34
200
12c
18
..*
Feb
*
Feb
3c
8
9
54
--100
\
18
SanAntonlo
264
~~80c
preferred.....100
254 c
1
Riverside ?llk__i
Jan
50
40
26
2.55
2.59
7
600
94
23
154
—
4
....1
1
Feb
44
1
Jan
Jan
"74
...
Jan
42c
22
9
304
24
.30
1
2.20
42c
Feb
35c
:
Feb
7 60
17
25
pref.
Jan
1.70
.1
Toburn
—...
Jan
2.35
Feb
50
18
15c
1
50
"
144
Feb
584c
Royalite Oil...
174
preferred
P'eb
1.99
2,700
1,175
Royal Bank of Canada. 100
225-6
*
—100
.100
134
1.971
60c
Jan
50c
....100
15
2.15
1.83
Jan
15
— —
1.22
134
60c
6
30
*
Jan
135
Feb
110
Jan
2.05
1.70
Jan
184
...
•500
•
1.70
1
Feb
130
20
4,000
—.1
....
5
84
185
1,000
13c
1.15
28
22
104
1,810
74c
34
13c
2.05
40
174
38
70a
134
1
Pr Metals
Feb
1.42
Jan
24
120
751
98
70c
......*
Eng
3,000
3c
34
47
6
Imperial Bank........100
Imperial Oil..Imperial Tobacco ord—.5
Int Met preferred.
100
Feb'
5c
25
13c
54
84c
100
Huron A Erie.—-
Jan
,
Jan
1494
6
64
34
Home Oil.
Jan
Jan
24
74c
294
1.06
Feb
Feb
14 4
300
:
Feb
10c
Jan
54
94
Holllnger...5
Feb
174
38c
200
28c
•
Lake-Shore ML.es Ltd—i
T td...1
f
--"•100
28c
•
7c
Feb
67c
94
5
;
Homestead—
38c— 38c
-•
15
15
Dome
Jan
Jan
6><c
24
29
.
54
High wood....—
Feb
42 4
Mines—
C&n
''KerfAddison
—
Kirk land Gold Rand Ltd.l
274
Feb
Feb
Jan.
Jan
25
214
484
1.25
*
*
Hard Rock..—
200
1.05
Feb
344
Photo
Pickle-Crow
138
28
8 4
*
—
Hamilton Cotton
90c
54c
100
Perron
Feb
Feb
374
Preston East Dome
124
Hudson Bay....
Maiartle Gold Mines.*
Mines L'd.
;.*
Franc.oeuf Gold Mines...,*
102
54
54
80c
—
Preferred....
Feb
43
Jan
5
Jan
22
.100
Hallnnr.-
102 4
60c
1,000
19,550
1
—
Premier...
Jan
6
'..
500
7c
L—1
48
Hamilton Bridge—
Power—r:
preferred.. .100
Southern Canada
(H)..*
F'eb
24
.......
Gypsum,..—
Jan
Jan
74c
.*
.......
Cad.........
Powell-Rouyn
*
Gunnar...
54
54
WHlkrrville Brewery Ltd.*
4
100
Pandora
Pioneer
50c
Gr LakVT.^
Co-.-.——*
Transport Co..*
Paymaster
Jan
40c
Golden Gate
Feb
Jan
7c
__*
Pamour..
Feb
P'eb
164
424
Jan
50c
52
67c
24c
Jan
154
100
Jan
23c
64c
._*
87
174
--*
424
Jan
Feb
138
Jan
67c
PacaltaOlls
1.20
FLancocur
424
80o
78c
1
126
Aircraft
Goodyear
44
74c
1
.1
Feb
5
FordclA.
Jan
45
45
44
80c
Jan
294
54% preferred ....
924
38c
38c
44
..
80
1.25
Fleury-Bissell—
Jau
op
600
120
P'alconbrldge
Feb
Mmihps* Ml
40c
Reno Gold..
-
1.00
$1 cam preferred.:
Feb
6
28
1
1
*
Maiartle
13
W-G dham A Worts
17c
Vulcan Oils
Jan
;
4,300
32
DuQUesne
Jan
Feb
17c 184c
44
..J
1
1204 1204
7c
Jan
Jan
Naybob—
24
15
36
54
.
) referred.
1.00
Feb
10
1354
Jan
226
915
344
1204
Dominion Woollens
114
6% cum
15
44
101
101
rref—-.50
25
Stores...
*
904
Jan
265
223
50
19 4
Dominion Steel clB
69
45
P'eb
43
252
138
Jan
1.06
Dominion Foundry
-35
Feb
262
42
138
8
Jan
24
194
Tom Scot Inv
1.00
Provincial
74
1.00
44
Distillers Seagrams
134
Paton Mfg
92
Feb
27c
Feb
1.00
—i
1.00
Ltd.*
Ltd *
Corp Ltd.——*
Jan
1.40
P'eb
Nat Trust——.100
374
1.20
25c
134
92
preferred... 100
6% cum
1.04
Feb
234c
42%
Jan
— —
Mitchell Robert A Co
Melchers Distilleries
Feb
1.10
1,210
252
"424
Preferred
God's Lake
McColl-Frontenac Oil—
75c
2,000
Feb
Feb
52c
preferred
2,835
24c
•
26
124
Davlrs Petroleum
5%
85c
1.20
234c
344
Jan
'
Chow's Nest Coal...-.100
Cub Aircraft
*
Jan
10
Feb
1.24
75c
Tii
Jan
454
Feb
Feb
12
15
125
74
74
119
Preferred
384
P'eb
•
P'eb
12
Consolidated Smelting.-.5
Consumers Gas
10<
Fleet
1,085
4c
Jan
Feb
12
12
Lines..*
50
Fasy Wash
3KC
404
40
40
*
Orange Crush pref
Confed Life.....
Blast Crest
1.000
44
1.40
Dominion
4c
4c
4c
24 4
Jan
15
Mines..
95
31
24c
Cock shuttf low
Dome
Jan
564
Jan
15
Feb
...*
Cosmos—
Feb
89
45
14c
—
Cons Baks--.-.
49
20
31
500
100
Coniaurum.
33
92
44
254
14c
preferred.25
Com rete
51
92
1
Nat Steel Car
14c
Gatineau Power..-...—-
Feb
Jan
504
...*
Ontario Nickel
Jan
74
Feb
2.15
O'Brien Gold
Cochenour Will
Feb
10
2c
P'eb
Omega..
•
Int Paints
Feb
1.50
Nat Grocers common
Jan
Jan
Chestervil e.
Feb
.1.50
Ltd *
trust,.-*
3
2c
135
31
Jan
Jan
C G Wines..—
Feb
3
3
154
1,000
25
Feb
10c
Feb
B'anny Farmer
125
154
*
Ltd A.*
2c
1.60
26
23
43c 474c
Feb
25
10
1.75
Foreign Pow Sec Corp
Eraser Cos voting
360
10
nref.......-100
5
Jan
2c
1.55
Jan
Ping Elect A
Fairchild Aircraft Ltd
24 c
16
Eldorado..
Eastern Dairies Ltd—
Feb
11,017
21,400
"23"
474c
L....... KM)
Preferred
Jan
Feb
20
1.75
1.75
Jan
--—.-20
Blastern
3
Co A..*
1
20
148
T.75
Jan
—"
CO
151
Feb
61c
Dominion Bank.
42
2
Feb
22
Ry....25
Canadian'Wallpaper A,--*
Jan
22
1.90
54
Feb
Canadian Pacific
Jan
3
P'eb
18
-
.
3,200
Feb
114
44
5
184
22
40c
Jan
Jan
Jan
10
Normetal.
35
Jan
"1.15
-
Donnacona Paper
98
28
54
1.75
Preferred————i'20
Feb
Feb
400
Feb
150
29
Jan
5 4
Jan
114
Jan
170
29
2.22
18
34c
84
Jap
;
Feb
Jan
Feb
1,339
114
Feb
154
54
174
50
1.34
64
154
516
74
154
19
74
34c
Jan
64
1.25
"24
Ltd
04
64
1.25
*
Eng Works
Jan
34 4
Co'isol Div Sec pref..2.50
(Jo nsn 11 aper Corp Ltd... *
Doin
94
98
1.90
Cub Aircraft Corp
247
174
37
7% cum preferred...100
Cndn Westing" ouae Co. ..*
Comtnerelal f Do' ols Ltd
94
812
12,010
Negus......
Noranda...<
34c
Feb
44
*
Ltd
116
J .25
*
*
Dock
Feb
344
-*
a..
114
174
Ltd....*
Canadian Breweries Ltd -
107
154
1.60
Jan
114
Jan
15
1.48
Jan
.•»
*
Jan
98
1M v Co.....*
Canada VDegars
7
109
44
Calgary Pr 6% cum pf.100
Can A Dom '-ugar Co....*
Canada M
Jan
v' Fob
154
-
1.60
Feb
2.75
J referred.
Feb
5
15
'54
*
Ltd
1034
Feb
Ce ntra 1 Porcupi ne
<"8
75
Jan
51.4'C
Corp....
*
.-—-..100
Feb
Central Patricia
63
94
1.68
Feb
84
Castle Treth.
116
114
94
Jan
Feb
35a
9 30
154
Canadian Celanese.-^-..
1
395
54
98
2.85
1.28
Feb
C, 8
lists
70c
Feb
1,975
2,452
7.00
*
*
....*
High
Jan
POc
2.23
40c
430
1.25
v
99
54
*
1,740
2,850
1.50
35o
7.30
Canadian Malartlc.....
Low
Shares
65c
65c
98
Aluminium I td.
High
Low
*
.100
5% cum prof
6%
Price
2.40
1.33
40c
7.00
1514 1514
Week
Sale
2.31
1.50
9c
80
Canadian Oil
Range Since Jan.
Week's Range
2.38
1
Jan
Cariboo—
Last
Jan
6c
484
Sales
Friday
Co
P'eb
7c
Canad lan Dredge.... .—*
inclusive, compiled from official sales
23 4
1
40c
Canadian Locomotive
27, both
Jan
P'eb
30
Canadian Bakeries pref. 100
Jan
153 U
Jan
204
3,500
154
Permanent Mtge.100
Canadian Car
1.35
195
7.30
P'eb
Jan
:
57 ,187
Montreal Curb Market
Ab't'M P >w A T'apcr
B
102
'
*
1(H)
Preferred
Feb
Feb
204
8c
*
Canadian Can
Feb
52c
1 05
204
....
—
2 25
Cndn Ind ALoholcJ A
Stocks-
Moore
.lan
PO
274
214
Jan
114
Jan
Jan
151
?«
.187
Feb.
P'eb
94c
143
CndnBank of CommercelOO
1L'';-
104
P'eb
900
204
37 4
344
Preferred
m
38>4 c
Feb
18,175
264
7c
pref... 100
Canada Steamship
110
52c
1.13
Feb
Moneta
Feb
1.15
Jan
1.10
20
1'anks—
to
Jan
Jan
4c
14 4
Feb
30
74
45c
64
22
37 4
Malting
Canada Packers
Jan
Feb
3
■;
100
H4-U4
21
Mining Corp
5
Jan
234
M cKenzle-Red Lake
Jnn
9
208
P'eb
8c
23
7c
*
*
A
Feb.
Feb
255
...*
^
Canadian Breweries
Fellers
Royal—..-
274
E'eb
5,300
Jan
11
Jan
22
374
Canada Cement..^.....
0 4
•
Feb
68
25
•
1.10
1.10
*
Nova Scotia
Jan
Feb
7c
8c
ro
7"c
8C
4.15
P'eb
6c
23
Feb
270
1154
ro
ut
1454
Canada Wire B
68
68
Vnitcd Steel Corp..—.
1; ..v...-.
102
104
Feb
10 H
1.10
64
■
484o
Leaf Gard
245
1,500
3.70
15
'
188
Jan
54c
Jan
500
800
3,30
3.75
Jan
12
1
Page-Hersey
Jan*. -Canada Cement
84
■
Feb
1
.
200
Jan.
115
Jan
—
2.50
L,A
r:
8.75
*
— —
1
245
10
Jan
14
1,657
..*
.... —
2
274
245
103 4
43
;
9.25
preferred......100
McDot'g Seg
.*
M clnty re-Porcupine..... 6
75c
154
Feb
124
.
8.95
1
—
2.50
Galgary A Edmonton
Canada Bread
Jam
Jan;
P'eb
1.259
.84--'»4
ftteel Co of Can pref—.25
Montreal.
Jan
13 4
Burlington Steel
Jan
105 4
Jnn
9.00
Feb
105
■Canada
Sher Will of Can
Co- merce
1.47
Jan
4,400
Building Products
Feb
1.50
75
364
.36
124
Sbawinlgan W A Power..*
.!•> if'.;- ;•
vV/. r,'
A'-' r-'vv*'
710
•
62c
Mara'.go
M assey-Harris
....:..*
Preferred...........100
"
•-'>30 ;i05v
1.50
P'eb
..1
— ....
.
_
-•
105
.
..*
Buffalo C median.
94-
Jan
Feb
80c
-
Jan
17
Ja"
Jan
44c
186
96
187
74
Jan
34
9c
I'"eb
134
*
Buffalo Ankerlte.
17 '
30
914
914
Jan
Feb
75c
OIL—-*
Brit Columbia Pow cl A__*
British Dominion Oil
*
Broulan
1
Feb
V
13
34
5
70
Jan
50
;
>
Feb
114
Jan
3 4c
500
44c
272
245
Brazil Traction
'68
"86
17
17
*
lnnlpeg Electric A
65
12V:
60c
pref......10
M aple Leaf Milling.
*
164c
1.07
1.12
186
187
British American
12
—
M cL-Cockshu tt..
M
2 4c
134
Braiorne
08
9,600
1
Jan
44c
24c
1
204
94
54c
*
27
4,300
3,900
2,750
64c
./
A
52
75
Feb
50c
—————1
Jsn
Feb
44c
preferred...19"
preferred—...v.lOO
...100
Bidgood K
1
R1 -e Ribbon pref.......50
Bobjo.
1
Jan
94
—
Feb
44
114c
1.07
2d
'674
94
Leitch
Maiartle G F..
2,200
54c
Y.io
BellTeiephone
Jan
Uf
••
Feb
25c
11
Jan
12c
24c
6c
Beatty 1st
Jan
'
26 ' :■>
..T„„
Feb
4.35
.'pr
6 4c
7
22
5
7c
BeattieGold—
Jan
2">4
Feb
214
15 4" 16
84
Feb
6 4c
Macassa
381
54
23
Boac-Metals
R .thurst P->wer
Jan
44
Feb
2*c
11
High
Low
7c
Feb
St Lawrence Paper nref 100
V
134
•444
pref..l00
preferred
Feb
705
25
St Lawrence Corp
A
114
Feb
8M
3.35
500
*
Little (LL)
Loblaw Groc cl A
Week
12c
1
Bafik of Montreal
..100
Bank of Nova Scotia... 100
Bank of Toronto
100
26
>
54
Banlcfieli
Jan
34
100
15,646
25-
.
.1
Laurac e ;ord........1-—3
1
Range Since Jan.
Feb
454
pref.*—100
Sagucnay Power
65
444
——*
—
Holland Paper
Feb
-205
8 4
3.65
25c
McGoIl
444
*
Knitting
Preferred
6*4
•
—....
Class B..
Shares
High
23
1
32
preferred..t.■-100
Regent
Feb
.
—
\unor.
36
v
8 4
3.55
Lapa-Cadlllac
official sales lists
from
for
of Prices
Low
1
—
314
Ltd.-—-*
Quebec Tower..
Ashley.
32
Ogllvle FIo'T Mil's.-—..*
Price Bros & Co
Arntfield—
;• i6
<
LakeShore
Feb
2 70
Feb
Sales
Week's Range
54
-.....*
-.1
Aldormac..
Jan
Jan
Feb
40
16-v
24-4
Jnn
Feb
977
20 4
154
Breweries......*
National P'teel Car Corp.*
Noranda Mines Ltd.....*
compiled
»
Price
.100
...100
A P Grain pref
•
8 4
.1
M adsen-Red Lake
324
154
12
Montreal Tramways... 100
National
Par
Abitibi 6% pref
9%
Jan
2.35
740
2.50
inclusive,
Sale
50
.
4./.
both
27,
Stocks-
200
105
20 4
204
Mont L H & Power Cons.*
" ;•'
94
Yv 10
.4.;,
Feb.
to
Jan
n
TVt-
P'C
75
17
12
21
Jan
124
Feb
100
■
87
17
McColI-Frontennc Oil.... *
!
11
644
114
——*
Lang & Sons Ltd (John A) *
,'1;'
Jail
9
—
Lamauue G...
Jan
Feb
2.40
2.53
Ltd.._.....*
Jan
14
;•
—
—
3.65
64c
—
*
1
Kelvltmt^r
Kirkland Lake.:
Last
104
8
320
2.10
2.01
Jan
34
28
16
lake of the Woods.
Kirk Hi'd
Friday
P'eb
324 ,.«,V585
114
87.
114
-*v
..
2.01
Jan
Jan
r-e
644
*
Power pref... 100
Inter T ef 'oT t.d
Kerr-4ddlson
2.20
Feb.
Feb
154
Warrants...... *
Jan
Feb
Feb
|Uf
324
324
Canada....*
Pai>er & Power
15
Jan
60c
Toronto Stock Exchange
■254
1,760
64
94
49c
Feb
Lang A Fors—..—..1 — — *
■,"6.05
961
114
64
94
9.4
f
84
k,
11
ii«
-
87c
Feb
53c
Ilnme Oil Co
25
11
8
Int Nickel of
Irt,
Feb
231
7 50
Feb
41c
OMs—
258
7.50
—.... £'
Corp.....*
Preferred.—
24
75c
1,550
2,200
.To."
94
198
*
26 vv 26
Imperial Oil Ltd..--*
Imnerial Tobacco of Can.*
Indust Accept
3
34
53c
...1
Jan
Jan
71c
42c
Jan
9
J M Cons...
53c
Jp.n
45
.95
...
11
*
Mining—.—*
Hudson Bay
2
24
Goulds Pumps lnc
Hair 1B-OT BTl
lason Mines.
Feb
71c
...
—
.
Teck Hughes Gold
«4
93
P'eb
Jan
2.30
Sullivan Consol Mines... 1
724
J,'nt>
50
„
Tpn
54
8X
45/
88
"V
^
75c
3.00
Feb
Jan
...
"J 00
p.* A 4
Feb
Feb
2 07
42c
.
.
Jan
•
Jack Waite.
60 n
2.50
135
Sherrltt-Gcrdon Mines... 1
Sisooe Gold
1
Jan
82
66
704
704
IOC
Wares....:*
5% preferred
General '"teel
6 4
64
34
*
....*
Can...*
Foundation Co of
•
Feb
309
400
.•
Par
Stocks—
*
44
Bruck Silk
Canadian Bronze.....
Coast Copper
—-
..
Dominion Bridge
.
*
—
24
*
294
♦
24 4c
1
—.—.
294
44
Feb
Feb
Feb
294
300
1.00
Feb
1.10
24
24
1,170
24
Feb
34
Jan
28
224
P'eb
234
Feb
•
„
*
24
23
75c
1,100
4c 24 4c
200
75c
4c
1.45
4C
3,266
1,500
4c
500
20 4
-
1
Pawnee-Klrkland
50
P'eb
44
4c
204
M ontreal Power.....
—Ci
Low
25
1.00
70c
Mandy
Pend-Orellle.
294
224
*
P'00thill8
Osisko Lake...
44
Shares
1.00
.*
Ills
Consolidated Taper..
High
Low
Price
1.36
21
1.45 1
1,900 I
Jan
Feb
85c
Jan
19c
Jan
244c
Feb
204
P'eb
23 4
70c
Jan
4c
Feb
6c
J an
4c
Feb
34c
Feb
1.36
Feb
1.75
Jan
Admitted to un¬
listed trading privileges.
d Deferred delivery,
e Formerly the National Bond
A Investment Co.
/ A liauidating dividend of $18 a share was pald on the com¬
mon stock of the Nabco Liquidating Co.
r Canadian market, s Cash sale—not
Included In range for year,
x Ex-dlvldend.
v Ex-rlghts.
« Listed,
t In default.
*
No par value,
a
Odd lot Bales,
b Ex-stock dividend,
c
THE COMMERCIAL & FINANCIAL CHRONICLE
908
Monday, March 2, 1942
OVER-THE-COUNTER SECURITIES
Quotations for Friday, Feb;
/■/■/'' ///
Companies
ng
USElLt&Pr Shares A...
•Series A
Par
Bid
1
4.20
♦Series B.
Ask
1
4.00
♦Huron Holding Corp_..l
(ncome Foundation
6.92
2.15
♦Amerex Holding Corp. 10
Amer Business Shares..
7c
lie
1.14
1.24
Investors.. 5
12.71
1.71
Investing
12.23
....^25o
38c
Trusteed Industry Shs.25c
62c
70c
Union Bond Fund ser B...
15.38
16.82
5.38
5.89
13.41
Fund
2.64
Incorporated
9.60
10c
-
Inc common.. 10c
Aviation Group shares..
Assoc Stand Oil Shares
Aviation Capital Inc....l
17.02
Bauk
A.\e-Houghtoa Fund Inc "
10.61
Insurance
69c
3%
4%
1
16.45
29.94
Aetna Cas A Surety... .10
25.37
Aetna
14.72
16.18
7.2S
8.04
12.64
-
13.88
3.18
Consol Investment Trust-1
-
»
-
-
-
American Reserve
7.04
7.75
3.10
3.80
15.36
16.52
7.20
7.74
Camden Fire
7.60
8.30
2.64
91c
1.03
National Investors Corp.l
4.24
4.58
National Security SeriesBond series.
5.91
6.51
3.61
4.00
5.04
5.56
5.74
6.35
9.84
10.61
6.24
6.87
30%
28%
3.42
1
14.80
Delaware Fund..
,
w
16.00
Low priced
1
.....2.50
C-—
D~
2.75
4.00
4.60
25c
93c
1.03
...1
15.87
16.87
Agriculture
9.21
9.78
Automobile
21.07
22.66
Dividend Shares..
bond series.
_
Preferred stock series...
New
England Fund
1
Balanced Fund.
.10
20%
-
5
4.11
8.92
9.81
6.95
4.23
6.82
7.10
5.80
6.39
9.15
10.06
1.76
Machinery
7.06
2.60
2.96
Oils
6.47
Fixed Trust Shares A *.. 10
7.05
Metals
Foundation Trust Shs A.l
14.02
5.05
No Amer Bond Trust ctfs.
2
3.44
80%
It
B
*
3.17
General Capital Corp....*
General Investors Trust. 1
23.73
25.52
3.89
4.19
Agricultural shares
4.18
Fireman's Fd of San Fr .25
90%
93%
24%
21%
26%
..5
26%
38%
22%
27%
40% Rhode Island..'
...2)4
25% St Paul Fire A Marlne.62 %
23%
3
4
253
261
20%
22
Seaboard Fire A Marine. 10
5
38%
40%
8%
9
9%
10%
Seaboard Surety
10
Security New Haven
10
Springfield Fire & Mar..25
66%
70%
Standard Accident
5
9%
25%
Sun Life Assurance
100
200
Automobile shares
3.09
3.41
Aviation shares
6.01
6.61
Building shares........
3.93
4.33
Chemical shares
4.78
5.27
Electrical Equipment...
Food shares..
6.53
7.18
..1
10%
Travelers
100
362
10
24%
25%
U S Fidelity A Guar Co..2
.10
80%
83%
U S Fire
47%
U S Guarantee
1
Hartford Fire
Hartford Steam Boiler. .10
44%
.10
%
29c
10
8%
42
3.30
Series 1958
-
4.25
2.98
*
73.61
75.09
Selected Amer Shares..2%
6.92
7.55
Brooklyn
Central Hanover
Fund Inc
Bank of New York....100
Bankers
Selected Income Shares.. 1
1
5.05
5.60
11.09
11.76
4.70
3.80
11c
13c
•State St Invest Corp...*
Super Corp of Amer A A.. 1
55%
4.19
2.95
♦
No par value.
.
1165
Sterling Nat Bank...26
145
......100
j
135
:
42
.50
17% ,27%
>
26
Quotations For Recent Bond Issues
Asked
Alabama Power 3 %s, 1972
Central nil :ois Public Servi
c
3%s. 1971...
Southern Natural Gas Pipe-Line 3%s. 1956
Union Oil of Cillfjr.ii*3L 1957............
3%s, 1971.......
Quotations For U. S. Treasury Notes
i'
80
32%
Figures after decimal oolnt ronresent one
Vint* o'
or more
a
po'nt.;
31%
A:,
Int.
Maturity
.
Bid
Rale
Int.
j
Asked
Maturity
Bid
Rale
101.10
June
101.16
15, 1944
101.18 Sept. 15. 1944
100.9
100.12
Mar. 15, 1915
101.3
101.5
JMar. 15. 1946
1%
1%%
101.3
101.5
Asked
Nat.Defense Nts
101.16
101.18
1%
101.10
101.12
101.03
2%
1 %%
%%
1%%
..
..
.
..
Companies
308
Sept. 15, 1943
Dec.
..
15, 1943
..
..
41%
Guaranty
Irving
13%
Kings County.
59%
63%
20
72
74%
35%
37%
37
40
..
..
100.25
100.27
101.14
101.18
100.29
H%
1%
H%
.
100.31
t Sept. 15, 1944
tDec. 15, 1945
99.28
1%
M%
H%
99.30
100.1
90.31
99.30
99.18
1
1.73
1.63
♦
t These bonds are subject to all Federal taxes.
quoted
are
Treasury Bills
for diseouut at purchase.
......25
.
Hid
20
Preferred
A iked
Asked
...20
Treasury Bills— /
Mar.
4. 1942..
New York.^...........25
Apr. 15. 1942
29%
...50
42%
Empire
;
Fulton
100
Quotations not furnished by
sponsor or Issuer,
Apr. 29, 1942
0.25%
Mar. 16. 1942..
May
0.25%
Mar. 17, 1942..
12%
30%
45%
0.30%
May 13, 1942
Mar. 18. 1942..
0.30%
0.30%
May 20, 1942
0.25%
0.30%
May 27. 1942
0.30%
Underwriters
Trust.r..10
._Z ..—100
„
84
United States.,....... 100 1045
195
170
Apr. 22. 1942
Mar. 11, 1942..
Trade Bank A
0.30%
0.30%
0.30%
0.30%
0.30%
9%
8%
11
Corn Excnange Bk & Tr .20
1
Rates
Title Guarantee A Trust. 12
25
Colonial
■
♦Series C
.100
Manufacturers
....
Trustee Stand Invest Shs—
♦Series D
United States
100
.....10
39%
Continental Bank A Tr.10
2.791
Utility shares2.52
162
Merchants
25%
47%
77
10
10
.....50
Clinton..
59
1.76
3.54
3.21
Tobacco shares
298
10
Chemical Bank A Trust. 10
3.36
4.51
10/
First National of N Y. .100 1135 I
fMar. 15. 1943
June 15. 1943
Lawyers..Z_
Sovereign Investors
Spencer Trask Fund
*
Standard Utilities Inc.50c
2.67
3.04
4.09
22%
/13.
10
Ask
3.08
6.31
5.18
,
Penn Exchange..
25%
Peoples National.
Public National
\ ■'■■■■■
.=" v 1" •
4%
24%
45%
4
„
35
100
;
Bronx County
4.15
Petroleum shares......
45
12%
5.10
2.62
Quarterly Inc Shares..10c
Republic Invest Fuud.-.l
Scudder, Stevens & Clark
5.73
Railroad shares....
.
6 40
Mar. 15. 1944
3.76
RR Equipment shares..
Steel shares......
.
39%
3%
Westchester Fire.....2.50
New York Trust
......
.....
610
..100
Sept. 15. 1942
Dec. 15. 1942
Merchandise shares....
Mining shares
154
Fifth Avenue
107% 111%
47% 49%
10
Stuyvesant...._ _._.....5
%
Bid
3.04
.
11.76
Series 1956.....
Putnam
General Bond
.
44
37%
34c
11.00
50
.
'
Home Fire Security
1.52
Plymouth Fund Inc..-10c
(Geo) Fund
1
.
12 %
National Safety.
23%
Commercial National.. 100
Wisconsin Power A Light
372
1.89
1
Chase National...... 13.55
230
10
11%
27%
11%
1.93
Series 1955
'
Group Securities—
-
1
< 90 f
National City
6%
10%
Reinsurance Corp (N Y).2
Republic (Texas)....... 10
Revere (Paul) Fire
..10
5%
9%
mil-'*,
-
'
National Bronx
15%
42
34%
5
•
32%
4.61.
1,60
Bensonhurst National.-. .50
83%
15%
10
Preferred Accident..
39%
Amer Tr Shares 1953.*
; ~
38
Phoenix
5.98
4.171 No
Shares A.....—
'
v
14%
125
36
■
Fundamental Trust
Ask
•;
110% 114%
Hanover
5.57
5.43
119
Pacific Indemnity Co... 10
Halifax
3.62
Steel
15.36'
National.25
Pacific Fire....
.25
Providence-Washington. 10
Great American
6.89
3.27
Railroad equipment....
3.20
2.75
Fundamental Invest Inc.2
6.26
Railroad
6%
.15
2d preferred....
Great Amer Indemnity. ..1
7.12
109%
uo%:
129%
108%
110
93
58%
Glens Falls Fire
7.77
Insurance stk series. 10c
24%
5%
89
Globe A Republic..... ..5
Globe A Rutgers Fire.. .15
4.67
1.51
2.50
Gibraltar Fire A Marine .10
3.72
6.31
Bank stock 6eries._.10c
19%
31%
43%
14%
/. 12.50
Northwestern
41%
i
Canal 3s... .19611 127%
156
41%
13%
23%
.......5
;
General Reinsurance Corp 5
.10
Electrical equipment...
Fiscal Fund Inc—
10
...5
North River
6%
18%
29%
...10
Northeastern
58
56%
Georgia Home...
Chemical
5.49
151
Bid
par
......
Bank of Manhattan Co. 10
Bank of-Yorktown.-66 2-3
23%
.10
Fire Assn of Phlla
,
Building supplies......
15%
55%
47%
56
2
New Hampshire Fire
115
Panama
/ 7
Firemen's of Newark.. ..5
Bank stock.
14.45
4.95
New Brunswick
7%
110
52%
6%
New York Fire..
1
101.6
New Ytirk BatikStocks
4%
44 %
V? 6
.... .
New Amsterdam Cas
43
39%
10
Fidelity A Depot Md.. .20
"
National Liberty
.....2
National Union Fire....20
Northern
6%
i
18%
21%
31%
40
Employers Re-Insurance 10
101.10
2%
25%
%
2%
Eagle Fire
Federal
Insurance stock
15%
13.43
..6
3%
1%
5
...........
10
National Fire10
21%
27%
21%
23%
29%
Continental Casualty.
Aviation...
1
Stock Fund
Equitable Investment
Corp (Mass)...
-5
Equity Corp $3 conv pref.l
Fidelity Fund Inc
*
First Mutual Trust Fund.5
19%
8%
.
Meroh A Mfrs Fire N Y..4
85%
25!*
Franklin Fire
New York Stocks Inc-r
Eaton & Howard-
3s...1946
U S Co iversio
U 8 Conversion 3s.-.1947
39%
9%
•
Mcrch Fire Assur com...5
567
547
.
^
Authority—
Other Issues
..May 16. 1943
69%
36%
N ational Casualty.
7%
82%
5
Excess.
Income series
Diversified Trustee Shares
100
Boston..
City of New York
(Colo) ser B shares....*
(Md) voting shares..25c
{l%.....Apr. 15. 1944 100.13 100.16
U S Housing
29%
58%
Maryland Casualty......I
Mass Bonding & Ins._12%
36
Connecticut Gen Life- .10
Nation-Wide Securities—
112
Bankers & Shippers... .25
27%
15%
Lincoln Fire
"
14%
43%
12%
49%
6%
Baltimore American... 2%
Z..—_5
Jersey Insurance of N Y.20
Knickerbocker.
...5
20
34
Carolina
24%
22%
10
American Surety•-..... .25
.10
Automobile.....
::
T
10
Home
■
7
®13%
41%
12%
47%
American of Newark... 2%
American Re-Insurance .10
Mass Investors Trust.... 1
-
100.3
1,1943 101.12 101.16
1%% notes Feb. 1, 1944 101.7
2s
Homestead Flre....._._IO
10%
5%
2.95
,
76.
10
70.00
Mutual invest Fund Inc 10
-
Apr. 16. 1942 100
Apr.
,1%
-July
1,1942 100.13 100.15,
t%%
Oct. 15, 1942 100.13 100.15
11%% ...July 15, 1943 100.23 100.2o:
Federal Natl Mtge Assn—
Ins Co of North Amer. .10
22%
9
..5
28.60
.
73
-
Am Fidel A Cas Co com ..5
American Home
Fund Ino common.. 10c
119
100
American Equitable
28.03
.
Asked
Corp—
101.11 101.13
/: tl%%...Feb. 15, 1945
l%s Jan. 3, 1944—
21%
18%
.25
68.60
-
-
-
-
.10
Mass Investors 2d Fund.l
1.67
2.02
Cumulative Trust Shares.*
Agricultural;.
American Alliance
Sayles Mut Fund. *
Crura A Forster Insurance
♦Common B shares
2.65
-
..
2.02
.
*7% preferred
8.51
Manhattan Bond
1.67
-
Companies
122% 126%
46%
48%
25%
27%
-
Aetna Life.
Maryland Fund Inc... 10c
1.78
1
Accumulative series—1
Series A A mod....... 1
Series ACC mod
1
Crura A Forster com.. 10
Series AA———
.100
11.06
7.74
Loom is
29%
Corporate Trust Shares.. 1
*8% preferred.
13.61
10.06
3.46
27 %
.
12.33
Series S-4._
1.950
142
Bid
Reconstruction Finance
Call May 16/42 at 100% 100.30 101.2
Loomis Sayles Sec Fund. 10
1.850
Commonwealth Invest...1
10%
Ask
Bid
"Par
23.14
Series S-3
8.77
8.10
43o
9
Call July 3.'42 at 101... 101.3
Series 8-2
3.00
24.21
137
Securities-.100
Preferred........ ± -100
•
Insurance
8.47
Series B-4
2.40
30c
1
10
%s
2s..
27.32
Series K-l
Asked
Federal Home Loan Banks
Series B-3
19.42
22.51
Century Shares Trust—*
Chemical Fund..—--—1
♦Blair & Co.
♦First Boston Corp
17.88
8.27
.
Series K-2
Canadian Inv Fund Ltd
Bid
Commodity Credit Corp—
%%
May
1,1943 100.12 100.14
,
Series B-l
11.89
17.96
-
Banking
Corporations
Keystone Custodian Funds
12.63
-—5
Broad St Invest Co Inc..6.
Bullock Fund Ltd.
-—-1
Christiana
C.^.
Series B-2,
♦5% preferred ........5
Shares.. 10
Boston Fund lac
Investment
1.16
Group shares.
Investors Fund C
1
Basic Industry
-
Series
770
1.05
Group shares
Investm't Co of Amer..10
Bankers Nat Investing—
♦Common..,.-...—
13.83
Institutional Securities Ltd
4%
.—......
12.58
1
1.92
13%
American Foreign
Obligations Of Governmental Agencies
1.15
B
Wellington Fund
13.67
Independence Trust Shs.*
Affiliated Fund Inc.. .1%
Ask
11%
Trusteed Amer Bank Shs—
Ask
Class B.
Aeronautical Securities.. 1
Bid
Par
Ask
Bid
Par
Trustee Stand Oil Shares—
1085
Mar. 19, 1942..
6. 1942
Ex-dividend.
x
/
The Board of Governors of the Federal Reserve Sys¬
announced on Feb, 21 that member firms of the
tem
New York Stock Exchange carrying margin accounts for
reported for January
a
decrease of $53,000,000
in their customers' debit balances and
decrease of
$60,000,000 in money borrowed by the reporting firms/ Dur¬
ing the year ending Dec. 31, 1941, customers' debit bal¬
ances
decreased by $114,000,000 and money borrowed
decreased by $91,000,000.
a
.
A summary of the customers' debit balances and prin¬
cipal related items of the member firms of the New York
/
Stock
There have been
discount
Country
Jan. 31,
1942
Customers'
Debit
Cash
debit
balances
in
invest. &
on
hand
Jan. 31,
1941
1941
firm
547
and
82
—12
in banks
219
borrowed
+
ners'
—60
274
Other
invest.
in
&
firm
trading
and
—
—15
72
balances
shown in the
—
5, 1940 2ft
Feb. 27
.—
2ft
3
3
4ft
3.29
+
24
Credit balances in capital accounts.
18,
Jan
1,
1936 3%
Jan
2,
Oct
1937 5
1940 4ft
1932 3ft
1939 3
1935 5
"
1934 4ft
1941 2
Norway — 3
Poland
4ft
Portugal v.. 4
Romania -. 3
South Africa 3ft
Spain
*4
Sweden
3
1940 6
1935
1936 4
1933 5
3
...
...
...
2
Oct 26,
4ft Oct
1,
4
Dec
3,
1% Mar 17,
—
6, 1940 4
4, 1937 7
confirmed.
officially
Jan
...
—
Switzerland
3ft Apr
6
...
,
Yugoslavia
May
Dec
Mar
Sep
May
Mar
May
91
1
—
9
■
+
18
209
+
—
2
I
4
i
to CD
Auction Sales
Transacted by R. L. Day & Co., Boston on
Wednesday,
8/10
10
1
.
STOCKS
$ per Share
County Bank & Trust Co., Cambridge (par $10)
7ft% preferred ctf. dep. (par $100)
Amoskeag Co., preferred.
Pelham Hall Co., common
L__.III.I™
F. H. Smith Co.,
National
Manufacturers & Stores Corp.,
General Narrow Gauge Trust..
common.!..
____
20
26c
72
$ift lot
1%
5
BOND
$1,000
Merchants & Manufacturers Securities
Co., debenture
/
4fts, Sept, 1, 1950
$85ft & int.
1940
1935
1936
1936
14, 1937
15, 1939
28> 1935
13, 1940
17, 1937
31, 1941
12, 1940
15, 1933
29, 1939
29, 1941
4 /
3%
5 /
3.65
4
7
4%
4ft
5 1
4ft
5
reporting member banks. United States Gov¬
deposits declined $170,000,000 in New York
City and $232,000,000 at all reporting member banks. I
5
Deposits credited to domestic banks increased $99,000,000 in New York City, $45,000,000 in the Chicago
district, and $228,000,000 at all reporting member banks.
A summary of the principal assets and liabilities of
reporting member banks together with changes for the
week and the year ended Feb. 18, 1942, follows:
ernment
'.■■■v.
3ft
returns of the entire body of reporting
of the Federal Reserve System for the
,
18.
reporting member
cities shows the following principal
changes for the week ended Feb. 18: Increases of $126,000,000 in reserve balances with Federal Reserve Banks,
$71,000,000 in balances with domestic banks, $230,000,000
in
demand
deposits-adjusted,
:'V
and $228,000,000 in
deposits credited to domestic banks, and a decrease of
Increase (+) or Decrease(—)
,
:
;
Since
Since
Feb. 11,1942
Feb. 19,1941
*
3
Feb. 18,1942
.'-/v.-..
$
V/'
Assets—
$
.
$
Loans and investments—
total..—Z—_—...
Loans—total
30,532,000,000
___
to
brokers
+
80,000,000
+ 4,151.000,000
11,369,000,000
+
47,000,000
+1,946,000,000
6,089,000,000
+
27,000,000
425,000,000
+
4,000,000
+
460,000,000
+
10,000,000
+
42,000,000
—
50,000,000
+1,669,000,000
105,000,000
and
dealers in securities.
'
Other
loans
chasing
following will be found the comments of the
banks in 101 leading
mem-
City, $41,000,000 in the Cleveland district, and $230,000,-
i
Board of Governors of the Federal Reserve System re¬
the
City and $53,000,000 at all reporting
000 at all
3ft
4ft
Member Bank Condition Statement
specting
of
deposits-adjusted increased $61,000,000 in
New, York City, $45,000,000 in the Chicago district, $44,-
Loans
In the
Holdings
Demand
Commercial, Industrial
and agricultural loans
Open market paper.—
The condition statement of weekly
Feb. 25:
5
22,
28,
18,
7,
1ft Nor 26, 1936 2 ;
5
Feb 1, 1935 6ft
week ended with the close of business Feb.
6
Rate
Jly
member banks
50
Effective
Jun 26, 1941 3
Oct
Nor
May
Apr
3
Jan
Lithuania— 6
-Jly
Morocco
6ft May
16,
Jun 30,
banks.
increased $35,000,000
ber banks.
12
part¬
accounts.
Share
vioui
4
France
•Not
i
Holland
Hungary
India
Italy
Japan
Java
Date
Effect
4
..
...
Estonia
'
Country
Prt-
3
....
England
Rate in
4
..
...
.
2
8
+
308
Customers' credit balances:
Free
;
Credit
banks.
part¬
trading accounts.
and
Credit Balances:
Money
vakia
Germany
—114
-—53
1936
Czechoslo-
Greece
balances
ners'
:
Dec. 31,
are
,
Rate
1,
1,
2ft Mar 11,
3
Dec 16,
..
Chile
Colombia
.
viou«
Effective
3Va Mar
2
Jan
5
Dec
.
Canada
Finland
■
Date
Feb. 27
Argentina
Belgium
Bulgaria
Erie
since
central
foreign
member
Government bonds
000,000 in the New York district outside of New York
Pre-
Effect
Denmark
Increase or decrease
the
of
leading centers
Rate in
Danzig
(Ledger balances in millions of dollars) ~
changes during the week in the
no
any
at the
Present rates
follows:
;///■:
of
rates
reporting
all
at
United States
in New York
table which follows:
Exchange that carry margin accounts, together
with changes for the month and year ended Jan. 31,1942,
Debit Balances:
000,000
Central Banks
Balances
customers
Holdings of Treasury bills declined $27,000,000 in the
Chicago district, $20,000,000 in New York City, and $34*-
Discount Rates of Foreign
[ Federal Reserve Reports Brokers'
for
securities...
Real
estate
Loans
to
Other
*
pur-
carrying
or
*
loans—...
loans
banks—
35,000,000
—
Treasury bills—
Treasury notes
408,000,000
1,251,000,000
.....
tT. S. bonds;
1,901,000,000
1,240,000,000
2,327,000,000
9,163,000,000
+
4,000,000
+
.
1,000,000
+
+
3,000,000
—
2,000,000
—34,000,000
—
—
+
6,000,000
53,000,000
21,000,000
1,000,000
+
160,000,000
+
503,000,000
—
245,000,000
+ 2,052,000,000
Obligations guaranteed by
U.
S.
Gov't
2,719,000,000
+
3,714.000,000
Other securities—
+
Reserve with Federal Re¬
serve banks—
10,394,000,000
Cash In vault——
532,000,000
Balances
with
3,000,000
17,000,000
+126,000,000
—
41,000,000
—
64,000,000
—
16,000,000
—1,410,000,000
+
14,000,000
+
71,000,000
—
+230,000,000
6,000,000
—
domestic
banks—
3,321,000,000
67,000,000
Liabilities—
Demand
deposits
Justed—
—
.
Time deposits
$232,000,000 in United States Government deposits.
Commercial, industrial and agricultural loans in¬
creased $10,000,000 in New York City and $27,000,000 at
Borrowings
,
24,961,000,000
5,191,000,000
—
+1,804,000,000
275,000,000
U. S. Gov't deposits
alj. reporting member banks.
ad-
Interbank deposits:
Domestic
banks
Foreign banks
1,254.000,000
9,244,000,000
638,000,000
r
1,000,000
«—232,000,000
+228,000,000
+
8,000,000
+
900,000,000
93,000,000
+
14,000,000
+
1,000,000
+
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
155;. Number 4051
909
Weekly Statement of Resources and Liabilities of the 12 Federal Reserve Banks
at Close of Business Feb. 25,1942
,
Three
Ciphers
(000)
Federal-Reserve
'
/. V
of—
7"'
1„
!
'
1
—„!!!;
'V
\
$
$
$
1,190,539
8,040,046
1,155,789
A
Kansas
$
Atlanta
$
$
'
809,023
Minneapolis
$
580,336
•
8t. Louis
Chicago
3,500,365
$
634,822
San
Dallas
City
Francisco
$
$
i
544,678
368,996
399,771
1,624,324
3,742
1,487
336
440
1,882
637
1,547
508
331
637
485
1,107
28,184
65,145
27,847
28,784
18,281
20,866
58,814
20,008
6,412
15,381
11,856
31,723
20,848,957
••
..
$
1,653,828
y
-
Richmond
13,139
1,222,465
8,106,678
1,183,972
1,683,052
829,186
601,839
3,560,726
655,338
375,739
560,696
412,112
1,657,154
3,3ii
337
1,508
827
119
200
75
80
25
97
80
——
—
■
Cleveland
Philadelphia
$
'
Total reserves
•
New York
333,301
:
v
_—
Boston
20,502,517
-
Redemption fund—Federal Reserve notes
•Other cash-,
V.
.
hand and due from U. S. Treasury
on
Total
>
ASSETS
•
Gold certificates
-V
Omitted
Bank
•
r
'
.
....
'
■
Bills discounted:
Secured by U. S.
Govt, obligations, direct and guaranteed—
Other bills discounted--
r
570
————
—„_—
!
50
45
70
36
245
87
m—:—i—
;
Total bills discounted—
3,88i
337
•:
1,533
924
199
1,097
3,491
215
115,515
433,522
124,012
155,286
93,795
50,951
191,220
54,700
68,495
41,372
166,466
624,742
178,712
223,781
135,167
167,900
627,372
.183,127
224,195
18
5
4
916
200
Vv
75,
86
290
.157
v' v: sis
84
239
80
'
Industrial advances—-—-——-7^---—---------
8,499
1,097
1,569,986
692,500
2,262,486
!-!—
—
510
757
/
366
•
;
5
120
>
U. S. Government securities, direct and guaranteed:
Bonds——!
1
;
•
Total U.
S. Govt, securities,
foreign.banks
:
!——ii—!——
direct and guaranteed-:
-
Total bills and securities--—
i
Due from
V
—
——
L—_
Notes—
2,274,866
:
—— —
——_—.———.——'!-.—
—
•
Federal Reserve "notes of other banks!————!—
Uncollected
Bank
items—
———;
Total
Deposits:
| Member bank
reserve
J
Foreign..;
-
^
Deferred availability items
Other
96,818
275,518
2
2
6
2,412
;!• 2,831
3,602
2,949
2,521
-
106,851
68,321
103,484
*
106,856
68,925
1
See t
61,171
135,609
59,816
88,152
195,425
103,858
88,548
195,625
1
1
4
654
;
26,981
1,460
901
3,805
72,261
/
277,776
71,589
149,922
92,220
47,449
178,945
48,106
26,491
51,538
43,455
2,773
10,489
4,856
4,420
3,044
1,941
2,965
2,150
1,336
2,867
1,133
2,760
13,726
5,326
3,157
2,043
5,679
2,175
1,502
2,156
1,912
,4.611
2,069,331
1,066,564
753,694
4,026,788
817,147
474,647
722,576
548,062
1,936,220
812,252
440,044
289,144
1,789,754
332,597
215,964
273,959
139,084
744,604
934,000
442,431
339,154
365,551
171,172
337,942
295,C01
977,970
59,744
47,685
41,801
30,893
30,624
32,832
39,484
53,893
58,432
27,945
22,229
19,054
13,973
18,419
18,419
48,333
3,872
>
,
.
•
9,040,293
1,448,337
696,309
2,170,213
577,064
5,611,850
587,537
72,789
251,305
81,597
25,913
258,713
.
602,014
60,972
:
;
649,887
,
504,342
17,241
388,167
—-
.
14,473,831
693,007
6,510,035
1,054,688
93,435
230,280
3,739
571
810
24,038,196
1,483,322
8,911,338
1,413,929
<
290
—————
liabilities/ including accrued dividends
Total liabilities...
'
——i
—.—_—_——-—■.
1,880,901
•
798,429
;:;v
——
!
;
12,521,173
1——
—7^!^...!!—
——i
Total deposits
136,124
31,675
:
-
71,809
20,912
'
3,439
8,505,938
account!———'
—
275,152
47,409
32,705
.
.
Other ■ depositsL——!
•
96,233
,
74,146
-
111,819
1,509,000
U. S. Treasurer—General account———.—.—
•
84,218
,
actual circulation—
<
\'
24,412,659
"
;
LIABILITIES
Federal Reserve notes in
4,234
190,934
40,734
—"——
—_——1
,
601
66,778
29,455
49,598
.
assets——
v'
:
1,171,571
.v——
!——
3
■
26,886
premises.j—
Other assets—'—
47
\
-
15,895
55,782
•
v
(
77,485
:'
26,158
2,647
9,435
10,029
1,460
1,821
24,411
407,447
2,016,815
424,933
225,798
390,653
355,325
1,104,607
89,110
43,156
171,258
47,644
23,034
46,421
41,938
59,087
354
345
216
471
112
131
120
175
144
2,034,641
,
4,263
520,876
143,701
65,624 ?■'
2,815
1,078,334
746,001<
1,050,375
739,963
3,978,298
805,286
464,927
711,153
536,522
1,908,442
CAPITAL ACCOUNTS
Capital paid in__
Surplus
—!._
143,085
9,401
52,229
11,837
14,762
5,746
4,930
—!——
———
157,502
10,949
56,651
15,171
14,346
5,236
5,725
—
—„-_!.
(Section 7)-
—
15,754
!
4,453
22,925
3,039
4,966
•
3,152
4,644
V.
:
3,613
4,402
11,888
3,976
!
10,792
"
Surplus (Section 13-b)—.
Other capital accounts—<
Commitments to make industrial advances
•
"Other
does
cash"
2,874
7,070
47,095
2,454
13,005
24,412,659
1,509,000
9,040,293
130
435
!————.!_—,!——
Total liabilities and capital accounts——.
■
26,781
i
—
.
not Include
———
14,921
;
Federal
Reserve
t Less
notes,
than
4,393
1,007
3,244
713
4,575
1,963
2,363
1,448,337
2,069,331
1,066,564
:/ 753,694
2,854
1,039
1,455
1,644
■
-
'
3,007
1,429
.530
«,
^ r
1,000 :
1,137
1,263
1,912
2,529
2,029
1,899
4,026,788
817.147
474,647
722,576
548,062
1,934
1,120
23
1,500
! 8,382
;
2,121
!.
2,977
1,936,220
'2,787
$500.
Federal Reserve Note Statement
Three Ciphers
Federal
Omitted
(000)
Reserve
Boston
$
Federal Reserve notes:
Issued to Federal Reserve Bank
8,886,489
by Federal Reserve Agent..
New York
-
-m
Philadelphia
$
2,266,338
96,125
380,551
30,055
Gold certificates on hand and due from U. S. Treasury-
9,044,000
740,000
u!
3,309
337
9,047,309
740,337
——————-—
Collateral held by agent as security for notes issued to
Richmond
$
626,960
v;
696,309
by Federal Reserve Batik—
In- actual circulation!-—-.——-------
Cleveland
$:
716,364
8,505,938
Held
$
844,376
24,946
Atlanta
$
0
474,849
32,124
Chicago
t
316,000
Minneapolis
$
1,822,313
26,856
34,805
St. Louis
$
348,483
Bank of
—
that
so
25, shows a gain" in notes in circulation
reserves
decreased £988,000.
There
32,559
15,886
5,263
9,003
15,234
67,695
289,144
1,789,754
332,597
215,964
273,959
139;084
744,604
640,000
845,000
500,000
325,000
1,860,000
360,000
222,000;
285?000
was a
in other deposits.
the- gains
of
sum
in
874
'
accounts
-
325,000
500,200
1,860,000
BANKS
IN
CENTRAL
RESERVE
CITIES
were
amount is the surri of the
and
count
advances
proportion of
from 16.1%
Feb.18
1942
Clearing House
Assets—
Statement
Chicago
Feb.26
1942
:
at 2%.
was
;
'
'
BANK
*
•
OF
agricultural
15.5%
Loans
Other
1941
Feb.25
Feb.18
Real
1942
1941
1942
)
Feb. 25,
'•
'
'
■
'7
Feb. 26,"'1941
•
£
-
Feb. 28,
'1940
;;
V
£
Mar. 1,
1939
Mar.
!
£
2,
1938
10,487,000
14,635,000
45,749,200
188,520,682" 174,739,451 138,260,679.146,910,610
deps.
Bankers'
accounts
136,826,156
121,722,077-99,407,854 110,361,073 115,711,224
Other
'
accounts
Govt,
53,017,374
38,852,825
127,122,813
36,549",537
156,372,838
25,738,066
22,701,286
25,015,985
28,747,782
3,722,713
2,780,589
6,349,490
7,075,892
22,398,292
21,043,163
Coin
36,023,263
99,046,164 104,446,164
21,491,8271
18,978,573
22,235,396:
coin
28,372,000
50,008,001
48,967,140
1
581,081
to
liab.
rate
-
ounce
2,710
1,989
730
732
505
78
89
14
15
22
i
332
332
42
36
35
S.
150
149
166
49
50
55
103
111
23
23
20
'33
32
,
23
.
1
i—;
78
79
77
bills
396
396
438
139
152
926
772
1,448
|
1,445
1,516
140
3,800
"
j3,612
2,888
962
1,489
1,485
1,589
105
106
125
1,455
-
bonds—
guaran.
by
1,460
1,525
372
376
406
Balances
with
dom.
banks.
4,826
4,978
6,729
1,124
1,142
Other
75
87
42
40
41
83
102
273
271
275
307
342
40
40
43
84
309
assets—net
Demand
Deposits
Average
Average
$
$
;
6.000,000
14,511,000
250,180,000
27,453,000
629,399,000
35,355,000
77,500,000
Bank
Bank
95,391,100
12,651,267,000
153,396,000
deposits—adjusted
14,402,000
&
20,000,000
59,161,700
921,560,000
90,000,000
189,470,900
12,131,797,000
86,793,000
41,891,200
42,233,700
816,130,000
111,135,000
21,000,000
77,530,400
§1,158,516,000
84,697,000
15,000,000.
20,458,200
371,514,000
26,657,000
First Nat. Bank
10,000,000
110,278,400
Irving Trust Co.—
50,000.000
54,193,600
Co.
Co.
10,535 10,985
10.404
725
749
595
723
16
2,287
2,313
2,054
465
464
509
182
96
13,006,000
Cent. Hanover Bank
&
Trust
Co
Bank
Exch.
Trust
Co.—
Trust
Co.
.
4,000.000
;
.
,4,574,900
,
766,642,000
1,044,000
755.476,000
-
6,728,000
,
84,360,000
1,349,000
Chase Nat. Bank—
100,270,000
500,000
140,639,800 113,316,847,000
4,384,800
61,536,000
36,752,000
Avenue Bank
25,000,000
86,203,500 ♦•1,178,000,000
68,003,000
Bankers
Title
—
Trust
Co.
Guaranty
4,595,000
&
Co.
6,000,000
1,171,000
17,296,000
5,000,000
10,410.800
159,079,000
2,902,000
12,500,000
28,383,800
465,605,000
34,023,000
7,000,000
9,094,300
146,079,000
954,000
7,000,000
11,060,000
111,370,000
51,903,000
518,661,200 986,605,500 15,992,653,000
735,828,000
2,134,000
Midland
Trust Co.
N. Y. Trust Co.
Com. Nat. Bank &
Trust
deposits
Government
*
$
20,000,000
Trust
Marine
'
Time
Time
Deposits
Man¬
1,035
80
Res. banks-
vault
in
Net Demand
Guaranty Trust Co.
Fifth
the
Government
Clearing House Association'
1942:
Profits
Continental Bank &
securities
with Fed.
Y
National City
Trust
158
notes
York
Undivided
Co.
Chemical
Trust
Cash
New
Feb. 26,
Manuf.
329
390
S.
Inter-bank
•'
1,620,567-
1,223,914 227,415,660 327,172,387
15.5%
14.9%
27.1%
30.8%
29.9%
2%
2%
2%
2%
-2%
>Jof rowings
Other
168s.
168s.
168s.
84s. 11'/2d.
84s.llVid.
Capital
deposits.
833
.
260
deposits:
Domestic
Foreign
Gold value per
fine
U.
Other
the
•Capital
the
400
48,828,497
(
♦
and
res.
N.
of
hattan
452
States
of
Public
and
1
Co
.
Nat.
Bank
Trust
Co.—
-
34,327,000
bullion
Bank
of
Bank
103
banks
U.
notes
Proportion of
i
Bank
715
on
loans
Liabilities—
Securities
and
2,608
935
400
Obligations
&
advances
Reserve
2,878
936
28,119,055
4,246,239
secur.
Disc.
.
51,694,526
161,263,000
secur.
Other
United
Res.
'
members
$
450
Treasury
11,425,897
151,734,487
2,911
3,100
3,856
£
11,643,224
of
$
12,258 10,776
3,878
:•
79;
dealers
pur.
$
loans
Treasury
STATEMENT
749,572,000 603,249,000 531,215,913 478,448,520 478,343,890
deps.
Other
':
1942
" £
Circulation
Public
*
to
...
829,000
issued by the New York City
afternoon is given in full
Clearing House
Corn
.-:Loans
•
158,000
♦Surplus and
$
2,734
securities
estate
Other
COMPARATIVE
<fc
for
loans
829,000
7
'
.
Friday
Feb.26
$
$
12,470
—.
loans—
brok.
to
carrying
X
ENGLAND'S
on
at close of business Thursday,
and
Open market paper
items for several years.
.
—
lndust.
Commercial,
The
present a comparison of the different
we
invest.—total
Loans—Total
unchanged
liabilities declined to.
! The bank rate
•'
Following
:
to
reserves
securities.
$
and
285,278
158,000
below:
Members
decreases of £2,381,480 in dis¬
and of £745,882 in
week ago.
a
This last
-?-•
'•
Clearing House
V
New York City
Feb.25
Loans
000, while other securities dropped £3,127,362.
278
222,086
,
86
The weekly statement
OF WEEKLY REPORTING MEMBER
(In Millions of Dollars)
Government securities gained £6,375,-
by £573,467.
'
Weekly Return of the New York Ciiy
bettered by £1,058,206 and in other accounts which also
rose
360,000
\
'
ASSETS AND LIABILITIES
gain of
which
845,000
Chicago—Brokers' Loans
The latter amount is the
bankers
200
640,874
£612,000 in public deposits during the past week and, of
£1,631,673
812,299
440,044
1,534
and
of
Gold holdings of the bank decreased £59,281,
£928,000.:
$
154,318
812,252
Returns of Member Banks in New York
England Statement;
The statement for. the Bank of England for the week
ended Feb.
$
282,962
bank:
Total collateral.
I
$
••
Francisco
602,014
■
——'
San
Dallas
City
221,227
"
Eligible paper..
Kansas
•
Total
Agent at—
banks
banks
—
3,441
3,496
3,907
1,072
1,103
1,058
587
573
571
8
9
7
238
302
accounts
♦As
per
244
1,537
"•
1,539
1,506
17
281
282
..
official
reports:
National,
Dec.
31,
1941;
State,
Dec.
31,
1941; trust companies, Dec. 31, 1941.
Includes
—
liabilities
Totals
deposits
13
able
date);
265
000;
fi$98,609,000
in
foreign
t$63,199,000
(latest
branches;
t$271,778,000
available
(latest available date);
date);
§(Feb.
♦♦(Jan. 31),
(latest
26),
avail¬
$2,662,-'
$24,303,000.
THE COMMERCIAL
910
& FINANCIAL CHRONICLE
Week
THE COURSE OF BANK CLEARINCS
l'"
-
•
Ended
'
,." '
V
••.
....
1942
Feb.
21
Inc. •r!Dec;V
'
"
Bank clearings this week show a decrease compared with a year ago.
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities
of the eountryr indicate that for the week ended today; Saturday, Feb. 28, clearings
from all cities of the United States from which it is
Monday,. March 2, 1942
1941
%
1940
..."
1939
$
$
Fifth
West
Federal
Reserve
Virginia—Huntington
Virginia—N9rfolk
possible to obtain weekly clear¬
District—Richmond—
^
920,543
—
ings will be 5.4%
below those for the corresponding week last year.. Our prelim¬
inary total stands at $7,142,616,945 against $7,548,622,454 for the same week in 1941.
At this center there is a decrease for the week ended Friday of 11.0%.
Our com¬
662,541
5,069,000
r
Richmond-'!—
South
Carolina—Charleston—!
Maryland—Baltimore—
District of Columbia—Washington
+38.9
.
2,850,000
309,407
445,002
+77.9
2,174,000
43,683,546 ~+41.0
1,392,413
*+52.9
77,999,492
+52.7
24,849,112
+53.3
61,614,873
2,129,492
119,117,314
38,097,952
34,856,683
1,901,000
34*629,438-—
990,726
1,004,811
61,421,563
56,543,563
19,072,394
17,317,403
118,960,368
111,705,622
.
;
-
<\
"
,
Total
*
Clearings—Returns by Telegraph
Week Ending Feb.
1942
28
1941
■
Vv v.$
New York
Chicago
;
323,178,853
+
5.9
103,011,433
96,800,000
95,447,246
+
7.9
ry
Mobile——
' !
Cleveland-.
———
Baltimore—
——.
—
Eleven cities,
five days:.
cities, five days
Other
95,300,000
+
1.6
155,212,000
+
8.0
+
1.9
172,268,378
115,920,500
86,097,530
5,143,090,922
1,010,012,035
1,215,318,720
Total all cities, five days
cities,
+
16,359,201
15,641,127
+ 45.0
56,300,000
48,900,000
1,198,328
+ 141.0
2,888,559
*"1,500,000
1,190,436,157
3,771,172
146,729
65,510,764
—
Total
3.9
(10 cities).
Seventh
7.9
+
Federal
>
7,548,622,454
7,142,616,945
Michigan—Ann Arbor
i
20.3
South
5.4
Accordingly, in the above the last day of the week in all cases has to be
Des
increase of 40.2%. We
group the cities according to the Federal Reserve districts in which they are located
and from this it appears that the New York Reserve District (including this city),
Philadelphia
District in the country.
At the
Chicago and Richmond showed gains of
51.6% and 49.9%, respectively. The Boston Federal Reserve District had an increase
of 49.5% while St. Louis followed with 48.0%.
Atlanta improved 43.9% from the
corresponding week a year ago.
a
summary
1,774,024
136,797
•' '7 34,052,741
31,329,380
200,141,287
+ 43.9
152,119,935
136,920,120
102,381
293,530
302,995
+ 84.3
90,269,061
80,398,169
2,775,405
2,465,341
1,806,7391,530,361
+ 41.3
13,917,000
2,051,515
5,410,263
17,123,428
+ 22.1
'1,684,456
+ 49.4
4,384,835
1,157,772
4,055,806
+ 63.5
+ 21.3
18,902,591
1,007,702
'15,167,527
1,092,432
12,254,195
7,706,896
+ 59.0
7,266,665
6,952,946
4,989,081
3,268,668
+ 52.6
2,991,545
2,761,954
8,081,141
.
507,362
.
340,626
405,192,333
294,115,200
1,235,591
-
948.365
3,249,754
1,449,092
Reserve District—St.
^
286,769,776
30.3
■«+
+ 37.1'
•
1,199,835
+ 28.8
480,755,648
+51.6
! 440,818,362
!
+ 27.9
275,222
232,160,308
893,987
728,845,784
(18 cities).
Missouri—St.
269,928
+ 37.8
1,545,016
Springf ield———
Federal
+ 48.9
+
•878,892
713,222
.7
3,256,849
1,063,429
•1,011,530
1,853,244
.■■■
i...
2,945,823
841,613
4
1,095,390
c
-
368,257,274
Louis—
Louis—
142,700,000
96,100,000
+48.5
79,200,000
71,100,000
Kentucky—Louisville
61,706,840
42,467,914
+45.3
30,458,344
29.040,223
Tennessee—Memphis
39,337,823
26,179,595
+50.3
18,450,689
15,795,825
811,000
457,000
+77.5
476,000
406,000
244,555,663
165,204,509
+48.0
128,585,033
116,342,048
2,440,926
57,384,853
21,208,308
48,096,793
Illinois—Quincy
Total
(4 cities).
Ninth
Federal
Reserve
Minnesota—Duluth
,
District—Minneapolis—
3,504,479
2,781,121
Minneapolis
98,405,916
60,248,780
+ 63.3
Paul
40,222,847
23,937,153
2,403,927
+ 68.0
+ 31.5
St.
*
North Dakota—Fargo
South Dakota—Aberdeen
3,161,917
1,274,952
+ 26.0
746,896
+ 70.7
917,131
760,237
3,782,663
2,714,013
+ 42.7
151,359,905
93,592,127
138,576
75,750
+ 82.9
139,510
3,218,812
98,332
+ 41.9
2,222,803
1,954,265
+61.7
+ 44.8
Helena
2,041,769
18,321,887
1,671,228
-
+ 20.6
Montana—Billings
by Federal Reserve Districts.
801,092
15,200,000
4,456,101
Eighth
1,366,202
1,440,862
+ 70.4
27,994,706
1,325,654
Rapids—
City—
Total
1,336,211
+ 52.4
16,091,000
2,504,747
Rockford-
an
51.9%.
In the following we furnish
+ 59.9
+ 26.3
Peoria
63.1% increase in volume of checks cleared over the
with
1,234,544
+ 32.1
:,
—31.7
Illinois—Bloomington
week last year; Minneapolis followed close with an improvement of 61.7% and
Kansas City with 61.3%. San Francisco was next with a rise of 59.9%, Dallas with
and
+ 104.0
Hi,034
40,964,809
1
2,553,314
2,332,294
Moines
same
54.9%
17,174,136
706,869
Haute
Sioux
however, which we present further below,
we are able to give the final and complete results for the week previous—the week
ended Feb. 21.
For that week there was an increase of 33.2%, the aggregate of
clearings for the whole country having amounted to $7,609,923,907 against $5,714,719,890 in the same week of 1941, Outside of this city there was an increase of
a
19,831,372
27.417,000
Wisconsin—Milwaukee
In the elaborate detailed statement,
top of the list Cleveland had
+ 66.3
3,269,850
Decatur
increase of 40.8%, the smallest for any
22,696,228
1,848,974
119,394,755
Bend
Chicago
an
832,274
17,499,000
482,818
-
Iowa—Cedar
estimated.
recorded
894,996
V
V
17,739,000
219,989,982
;
.
Lansing
Terre
53.8%, the bank clearings at this center having recorded
.r
717,333
•>
7.8
4,131,205
-
Rapids
Indiana—Fort Wayne
our
today.
,l
13.4
+
—
District—Chicago—
Detroit
3.3
14.7
Complete and exact details for the week covered by the foregoing will appear
issue of next week. We cannot furnish them today, inasmuch as the week
ends today (Saturday) and the Saturday figures will not be available until noon
in
1,182,695
"
1,322,796
32,111,000
288,078,081
Reserve
Indianapolis
Total all cities for week
3,312,282
"
29,603,000
38,733,771
4,026,772
3.7
6,153,102,957,
1,395,519,497
5,952,180,788
day—
one
+ 51.1
13.0
Grand
All
+ 40.3
73,300,000
Louisiana—New Orleans
4,736,862,068
—
5,119,653
21,468,465
Mississippi—Vicksburg—
152,854,778
82,927,198
,
167,676,000
155,737,546
120,399,549
—
——
7,181,008
Florida—Jacksonville————,
Alabama—Birmingham—.
C
149,897,859
—
Francisco
Pittsburgh--
•"
32,443,078
■"
;■v Macon——--.
5.9
437,000,000 *:
236,110,216
+49.9
106,300,000
.
—
Augusta
8.7
411,000,000
City_
!
Nashville
»
151,437,104
Reserve. District—Atlanta
Georgia—Atlanta
11.0
250,128,196
Louls_
St.
San
!
294,999,613
-----
———.
Federal
226,949,174
Tennessee—Knoxville
%
+
3,273,701,421
—
Kansas
$
2,911,960,674
Philadelphia-—;:
Boston
.
(6 cities).
Sixth
parative summary for the week follows:
641,791
'514,618
2,089,473
87,357,139
'
547.945
603,107
3,123,889
*
73,283,713
SUMMARY OF BANK CLEARINGS
Week
Ended
Feb.
21
Federal
Reserve
1st
New
3d
Philadelphia
4th
Districts
Cleveland
$
Boston
2d
1942
$
$
Richmond
Atlanta
-
Chicago
7
8th
St.
9-th
Minneapolis
Louis—,
10th Kansas
11th Dallas
526,291,664
233,495,704
281,069,784
+ 63.1
322,602,590
151,437,104
+ 49.9
118,960,368
111,705,622
+ 43.9
152,119,935
480,755,648
+ 51.6
440,818,362
368,257,274
128,585,033
+ 48.0
165,204,509
ii
St.
93,592,127
+ 61.7
87,357,139
73,283,713
130,680,546
+ 61.3
113,955,513
120,031,205
77,478,833
+ 54.9
68,775,653
149,245,355
Joseph—
4,009,190
Springs
+ 57.5
74,026
Tv
+ 75.0
+ 67.1. +
■
y/\
ii
238,814,717
+ 59.5
7,609,923,907
5,714,719,890
2,619,149,243
377,375,282
208,073,004
Total
215,483,381
4,890,429,983
4,545,207,534
+ 53.8
377,823,156
■;
+ 33.2
4,027,440,092
—112 cities
——
Outside
New
York
City
———
cities
32
__
the
add
now
week
detailed
our
Feb. 21
2,050,898,579
Federal
+
288,032,717
0.1
Reserve
+ 25.4
7+461,503
450,698
+ 14.9
533,972
,463,983
130,680,546
+61.3
113,955,513
107,493,664
2,033,711
showing
the
figures
for each city for
Falls
1,710,250
99,202,692
9,920,720
2,571,000
Worth
Fort
Wichita
statement
60,500,914
9,141,638
2,033,000
Ended
Total
21
Feb.
+18.9
1,265,680
1,289,684
+ 64.0
54,927,337
6,537,957
47,071,491
+
8.5
+
26.5
1,812,904 '
1,182,851
997,658
+ 18.6
925,977
855,446
3,095,373
+ 65.4
3,305,798
'
J
.
•
2,831,085
"V'
(6 cities)—
120,031,205
77,478,833 " + 54.9
68,775,653" ./*•'' 59,307,685
32,794,647
Inc. or Dec.
1942
;•''
First
1940
%
.
-
$
$
Federal Reserve District—Boston—
Maine—Bangor
Massachusetts—Boston-
+ 36.3
473,771
371,451
3,251,296
—
Twelfth
Federal
Reserve
District—San
Washington—Seattle
1,886,232
+ 72.4
1,773,569
1,521,381
72,120,728
1,069,010
219,238,245
+ 49.6
197,485,102
174,413,140
Oregon—Portland
Utah—Salt
Lake City————
California—Long Beach
1,017,540
596,580
+ 70.6
636,341
529,581
364,583
+ 45.3
353,828
963,290
725,611
+ 32.8
576,419
Springfield—.—3,657,943
2,480,654
+ 47.5
2,633,270
2,505,208
2,536,603
1,839,057
+ 37.9
1,610,377
1.538.566
Stockton.:
14,822,651
+ 39.7
8,929,065
+ 45.0
3,891,684
3,596,344
15,805,300
9,868,800
+ 60.2
9,499,000
363,256
+ 21.0
656,428
399,708
377,144,479
252,248,809
+49.5
228,518,854
6,438,125
+ 325.1
12.033,502
1,162,679
+ 16.2
1,474,471
1,111,750
55,600,000
37,400,000
+ 48.7
30,400,000
26,200,000
1,107,829
441,554
+ 150.9
549,742
24,598,880
22,149,499
15,072,556
3,446,409
+ 47.0
13,209,547
11,439,426
5,027,898
1,351,039
764,978
27,455,703
631,897
—
Lowell
New
—.
;
Bedford—
*
Connecticut—Hartford—a-——
New
Haven—
—
Rhode Island—Providence—.
New Hampshire—Manchester—
589,180
v
5
Pasadena
330.353
San Francisco-.
437,386
San
3,802,157
(12
Second
cities)
Federal
Reserve
New
York—Albany
Binghamton—
+ 94.1
3,258,781
3,542,386
1,406,100
2,865,464
380,900,160
,
i
(10 cities).
238,814,717
+59.5
208,073,004
215,483,381
5,714,719,890
2,619,148,243
+ 33.2
4,890,429,983
4,545.207,534
+ 53.8
2,278,806,925
2,050,898,579
'
—
Elmira———
,
Jamestown
New
1,179,853
——
708,867
+ 66.4
706,708
565.627
—3,582,483,815
York———
Rochester
2,555,571,647
+ 40.2
2,611,623,058
2,494,308,955
10,444,163
—I
Jersey—Montclair—
5,904,711
6,109,791
——/:
+ 51.5
6,892,091
5^450,012
—
Syracuse
Connecticut—Stamford——1;
New
Grand Total
(112 cities)
7,609,923,907
York
4,027,440,092
New
7,131,337
6,911,278
7.7
3,664,891
4,271,911
—
+ 10.5
4,340,961
3,134,113
+ 27.1
6,825,777
293,631
359,583
279,601
—373! 130
24,712! 140
+ 50.6
14,758,482
15,562,105
23.226,782
+ 31.9
20,580,184
20,755,110-
3,746,809,535
Northern New Jersey
16,411,606
—30,628,643
Newark
2,661,277,470
+40.8
2,707,622,919
Week
(12 cities)
Third
Federal
Reserve
2,578,760,245
District—Philadelphia—
Pennsylvania—Altoona———„
Bethlehem
474,344
Canada—
417,697
441,954
491,367
+ 33.4
516,088
437,958
+ 22.4
282,495
257,881
1,742,496
Philadelphia—.
—:—
Scranton
333,743
379,504
—_——
867,452
595,000,000
—
Reading
+ 13.6
655,437
_
Lancaster
390,000,000
100.9
1,015,258
1,130,141
+ 52.6
344,000,000
330,000,000
+
1,323.520
"
Wilkes-Barre
1,313,375
+
0.8
1,402,613
1,019,035
3,029,902
2,030,803
+ 49.2
2,029,679
1,960,345
Hew Jersey—Trenton..
,
205,036
875,675
+ 76.6
835,312
618,024
1,703,174
York
Federal
—.
Reserve
1,120,177
+ 52.0
789,956
3,583,200
2,990,200
+ 19.8
961,331
3,196,900
5,122,500
608,181,738
400,486,250
+51.9
354,573,419
341,777,794
2,256,761
61,730,865
+ 35.3
1,956,349
1,592,908
52,442,502
47,497,897
110,336,030
+ 70.0
90,101,055
72,061,884
9,513,900
8,152,500
1,856,079
1,277,880
District—Cleveland—
Ohio—Canton
3,052,740
102,453,540
187,575,358
Cincinnati
Cleveland-—
Columbus
Mansfield.,
3,810,106
212,236,523
—
2,618,796
4,083,557
132,457,032
+ 66.0
9,393,000
2.795,846
r
"Youngstown
Pennsylvania—Pittsburgh
2,140,560
2,613,547
+ 23.3
1,166,496
1,351,370
1.0
2,094,262
1,596,058
—
"
7.2
2,334,900
1,694,756
+ 60.2
122,864,999
(7 cities)
,
526,291,664
322,602,590
Ended
Feb.
or
19
Dec.
%
1940
$
1939
$
$
—13.1
96,125,944
90,125,217
+
6.3
83,103,145
86,351,483
+
3.3
35,696,040
—12.0
15,912,819
14,220,200
23,118,358
16,869,107
17,435,210
Ottawa
36,398,515
+ 22.1
Quebec
4.004.045
4,887,084
—18.1
4,448,163
2,915,529
Halifax-
3,400,697
3,050,731
+ 11.5
2,591,610
2,156,345
Hamilton,
6,265,345
+
22.6
5,307,808
4,325,455
5,500,904
+
9.2
2,202,198
1,683,230
+
2,449,963
—
Edmonton.
7,681,594
6,004,347
2,241,308
1,985,569
2,391,932
5,361,534
4,461,664
Regina
3,154,614
3,195,906
404,525
Winnipeg
Vancouver
St.
—
John
Victoria.
Brandon
:
Lethbridge
Moose
Jaw
4,044.425
1,915,726
1,613,680
1,586,737
1,569,605
2.4
2,808,173
2,090,327
+ 20.2
3,962,300
2,793,754
1.3
2,658,010
2,230,610
+ 30.0
236,698
456,702
1,271,709
+ 26.0
429,797
+ 11.7
1,117.359
Westminster—
—
Hat
987,411
1,067,165
705,100
'
—
225,492
337,337
.
858,819
474,896
1.2
549,661
+ 14.6
842,032
750,958
7.5
615,692
513,109
+ 11.6
536,918
492,319
+
—
292,559
+ 16.0
230,272
171,143
638,380
+ 27.3
524,952
473,741
754,811
—
——
252,311
812,422
—
Sherbrooke
652,610
880,110
786,987
William—
New
Kitchener
5,142,575
1.8
311,119
660,439
Fort
12,225,170
+ 18.0
1,008,653
Brantford
Medicine
33,158,891
575,273
1,420,879
Saskatoon
873,662
—13.6
740,504
439,782
+ 34.3
984,069
834,511
3,215,745
+ 23.4
2,514,058
2,273,231
455,331
326,969
+ 39.3
265,309
997,689
683,731
758,874
+ 31.5
565,806
+ 20.8
688,173*
1,328,649
—
3.967.046
Prince Albert—.
Moncton__
—
Kingston.^
989,0Q0
*
.
208,824
'702,348
626,045
489,705
371,291
;
—
Sarnia.
Sudbury—
L—:
577.635':
+ 19.1
578,556
505,328
483,959
Chatham.—:
420,684
+ 15.0
463,871
441,651
839,434
772,376
+
8.7
734,723
377,823,156
377,375,282
+•
O.ly288,032,717
647,136
101,217,879
+
Total
Total
+ 50.0
138,202,883
103,746,801
Montreal
Windsor
14,094,100
.—
3,774,116
137,817,000
120,103,068
110,325,942
34,265,759
15,349,747
44,423,029
Peterborough-^
(10 cities)
Fourth
2,592,062
122,597,000
1941
$
Toronto
London.
464,629
—
Chester
Total
+ 32.3
+ 54.3
Inc.
1942
Calgary.Total
4,384,981
2,835,599
Jose—
Total
27,143,025
District—New York—
Buffalo——
•
+
2,874,724
136,104,000
2,362,253
1,140,810
210,034,000
Outside
Total
,
+ 77.9
202,380,284
27,369,120
763,946
+ 69.8
889,219
8,604,000
439,418
20.2
33,515,130
8.073.567
5,403,963
10,608,331
3,727,239
40,544,152
7,033,803
Santa Barbara
Worcester—
Francisco-
56,906,878
Yakima—,
550,221
327,966,762
———
River—
■% 1939
y" $
750,132
:
;
Portland——
Fall
1941
-
5,465,979
1,794,000
5,120,231
Louisiana—Shreveport
> ;
Week
V7-7:,
■
2,368,968
516,988
District—Dallas—
Texas—Austin
263,047,733
for four years:
Clearings at—•
2,261,317
1,648,137
582,837
•
ended
2,107,002
72,069,469
210,776,519
(10 cities)
Eleventh
Galveston
We
2,376,231
2,648,604
78,802,470
648,426
Dallas
Canada
2,000,485
26,225,321
669,760
Pueblo
i
Total
105,619
24,454,841
'
—11.8^:";.
+ 14.1
53.982
95,646
2,246,903
59,307,685
380,900,160
4,230,593
City
Colorado—Colorado
107,493,664
29,314,159
2,614,883
2,417,528
89,324,437
3,512,829
2,306,926
-
Missouri—Kansas
V 116,342,048
151,359,905
210,776,519
46,169,571
Wichita
ii
ii
10
s
Kansas—Topeka
136,920,120
ii
6
„
Hastings
Omaha
728,845,784
'
Francisco—
Nebraska—Fremont
City-
*
200,141,287
244,555.663
District—Kansas
Reserve
Lincoln
226,949,174
7
—
o7-
Federal
341,777,794
288,078.081
10
—
202,380,284
2,707,622,919
354,573,419
2,578,760,245
+ 51.9
ii
4
—
City
228,518,854
+ 40.8
ft
18
—
+ 49.5
400,486,250
ii
10
„
—
ii
6
—
—
252,248,809
2,661,277,470
608,181,738
"ff>i
.
Tenth
$
3,746.809,535
ii
10
(7 cities).
1939
1940
c/o
<<
12
.„
.„
5th
12th San
1941
377,144,479
York-
6th
7th
Total
Inc. or Dec.
,
\'X X 7;;
+63.1
281,069,784
233,495,704
(32 cities)-.
•Estimated.
'
263,047,733
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
1SS
General
RAILROAD
Corporation and Investment News
PUBLIC UTILITY
•
Alabama Great Southern RR.—Preliminary Earnings
<
Calendar Years—
Gross
Total
operating
operating
1941
revenues.
expenses
Net revenue from-
—
operation
1940
$11,102,951
6,801,831
—
$8,225,000
5,478,497
$4,301,120
1,073,245
Cr23,899
„
Other
operating
income
income-
——
1,180,589
s-.
-
Total gross
income
—
$2,884,209
545,681
$3,512,255
„
537,130
—-
over
Dividend
charges
$9 on preferred stock..
of
'Dividends
608,463
939,600
$2,338,528
608,463
939,600
$1,427,062
Ended Dec.
Years
sales
Net
ordinary stock
on
balance
—„
.
'$9—$3 charged to surplus;
Packers
$6 charged to inbome.—V. 155, p. 538.
Association
Years End. Dec. 31-—
1941
Sales, Calif. Pack. Corp.
Others
—;
income
of
2,853,592
,
goods
$6,718,545
$7,129,381
$5,095,963
$4,454,960
and
sold
operating expenses...
Sell., admin. & gen. exps.
5,492,808
6,607,179
416,499
3,952,690
5,000,025
406,500
493,702
545,159
See *
See *
See *
Provision
for deprec. of
plants, term., fl't, &c.
Profit
Other
....
Total
$819,237
—
$105,703
445,884
—
income
93,454
...
income
$1,265,122
Interest
Loss,
not
Loss
(no
of
oper.
Sacramento
for
Profit
for
inc.
Crl,943
6,991
17,928
28,475
6,200
2,700
$977,066
year......
$31,294 loss$719,962
$126,144
287,540
$17.07
$2.20
.
Marketable
...
securities
Trade accounts
Miscellaneous
California
.....
receivable
(net)...........
receivable....—..
accounts
on
——————
30,613
charges
69,818
63,616
5,872,638
395,693
$10,629,389
income and
Prbvision for other taxes
accounts
,
302,688
100,774
.
50,000
ships...
$10,629,389
shares
in
,
36,667
5,750,800
*3,916,189
$9,868,747
and $5,289 in 1941 and 1940, respectively,
and 81 shares in 1940 of company's
Net
profit
1,255,437
74,243
80,265
v
1939
1938
$394,009
$344,542'
$363,007
$416,117
387,914
335,460
net.
942
2,588
369,491
Cr4,209
441,090
11,314
tax
600
700
$4,554
$5,794
*$2,277
*$36,287
oper...
$222,887
/
57,324
other
607,109
insurance
stock
Common
(stated value
$26
606,966
S"-;
provision for Federal excess profits tax required.
:
Balance Sheet, Dec. 31
Assets—•
■>. 'v-.',
1941
1940 ~
Cash
;—
$331,375
$316,702
Accounts received, less reserve....
181,788
187,125
Prepaid expenses and deferred charges
6,069
5,689
Other assets, less reserves
;
:
95,152
98,971
'Land, building equipment, etc
180,984
185,483
Goodwill
93,240
93,240
—
16,759,600
——
...
$888,608
—...
$887,210
Liabilities—
payable
$146,469
...
$152,750
Accrued expenses and
general taxes....
7,826
adjustments, etc.—13,709
income tax—_—
1,300
deposits
27,750
Customer
6%
6,977
'
rate
15,782
700
24,000
665,000
.
...
stock—:
665,000
$1)—
26,600
stock (par $1).—26,600
surplus
1,053
preferred
A
Class
B
Capital
(par
26,600"
—————————
26,600
1,053
32,253
stock
Earned deficit
27,699
—
♦After
1940.—V.
for
depreciation of $83,297
152, p. .1416.
V
:Tv-T
reserve
1941
in
and
$887,210
$78,192
in
155, p.
'■
of first mortgage bonds, due March 1, 1942.—V. 109, p. 982.
War
Labor
Board
on
Feb.
18
announced
that
the
Wage dispute between the company and the United Electrical, Radio
and Machine Workers of America, CIO, had been settled by an agree¬
ment to submit the entire controversy to arbitration.
,
The
agreement was reached following*two days of Hearings before
ad hoc mediator for the board. The agreement pro¬
F. W.
H. Adams,
vides
that
bcth
$1.82
$1.08
porties
will
submit
the
entire
controversy
to
Mr..
221,062
taxes.
Sheet, Dec.
31
1940
receivables
——.
578,015
2,212,278
—....
2,291,777
14,116
12,476
2,961,659
2,270,857
74,641
——
—
surrender
$2,762,627
338,018
—_
value
life
of
insurance.—..
79,239
assets
1
1
63,321
65,218
$8,391,156
$8,055,413
$3,778,615
;.v—
stock
—
Accrued
—
———
———
$3,778,615
1,550,000
1,317,500
—
561,286
income
Capital
Earned
surplus
Gross
—
1,461,409
directors have
—
tax—
*120,960
27,113
23,683
profit—
$155,891
$81,775
$80,408
t$U3,140
23,934
19,085
21,068
17,605
—
—
Fed.
stock,
—
Operating
Other
income.
profit—
$100,860
40,077
120,231
$101,476
20,039
t$95,536
20,039
$60,783
$179,825
—
pref. stock
on
282
$81,437
t$115,575
shs.
$0.65
stock—
com.
Balance
$0;13
excess
Nil
$0.14
profits tax.
Sheet, Dec. 31, 1941"
payable, $378,008; accrued wages and com¬
accrued general taxes, $53,456; reserve for Federal
profits tax, $120,961; unclaimed dividend checks,
$1,500;
reserves,
$35,374;
convertible
preference stock, $1,335,900;
common stock (153,282 no par shares), $321,892; earned surplus, $464,801; total, $2,753,764.
excess
dividend of $1 per share has been
declared on account of accumu¬
preference stock, no par value, payable April 1
the $3 conv.
were
follows:
as
each.—V.
154,
To Be
date. Distributions on this issue
1, $1.50;
April
p.
and May
15,
Sept.
2
in 1941
and Dec.
1, $1
1049.
Central
Corp.- -New
Manufacturing
Name
Adopted—
on
'
'
a
May
15, last year.
See also V. 154, p. 1373.
American Colortype Co.—No Fixed Dividend Policy—
a
dividend of 15 cents per share on the
stock, par $10, payable March 16 to holders of record March 6.
of like amount were made on this issue on March 14,
American
ever
that it will be the purpose of.the board to
give
con¬
sideration to the payment of dividends from time to time as prevailing
conditions warrant."—V. 154, p. 1189.
one
American Export Lines, Inc.—50-Cent Dividend—
share has been declared
on
the
common
stock, par $1, payable March 12 to holders of record March 2.
Dis¬
tributions during 1941 were as follows:
March 14 and June 16, 25
each, and Sept. 15 and Dec. 15, 50 cents each.—V. 155, p. 359.
The
the
directors
common
record
March
have
declared
a
dividend
of
stock, no par value, payable
5.
Distributions were made
25 cents per share on
March 14 to holders of
during 1941 as follows:
45 cents; Sept. 15, 25 cents; and Dec. 15,
1489.
American News Co.—30-Cent Dividend—
A
dividend of 30 cents per
share has been declared on the common
stock, payable March 14 to holders of record March 4.
A like amount
has been paid bi-monthly since and including Jan. 15, 194L^
which
bi-monthly
V. 155, p. 45.
distributions
of
.......
25
v
Annual
Telephone
and
Telegraph
Co.
and
its
associated
year.
cents
per
share
were
..
.The average number of telephone conversations per
day in 19^1 was
high and 5,389,000 per day more than in 1940.
There were times during the year when the increase in long distance
calls between many important places was more than 100 %—between
some places as much as 400%.
The
number of employees of the System, including
the Western
Electric Co., Inc., and the Bell Telephone Laboratories, Inc., increased
57,600 and was 379,900 at the end of the year,
Rates of pay were
increased and are now the highest on record.
Total payrolls increased
$114,936,000, or 19%.
For the System, including the Western Electric Co. and the Bell
Telephone Laboratories, taxes increased $88,279,000 and amounted to
$288,493,000.
This support of Government and war activities was
equal to nearly $15 per share of stock.
Telephone rates were reduced during the year, saving telephone
users
about $22,000,000 annually.
Most of the reductions were in
long distance rates.
All parts of the System cooperated fully and wholeheartedly with
the Army, the Navy, Civilian Defense and other governmental agencies
record
a
departments. Such cooperation was especially extensive in meet¬
the urgent telephone
needs of new military camps, in field
in air interceptor and warning services and in emer¬
Help was given to the defense and war effort
administrative and scientific personnel on full
made.-
by the loan of skilled
or
part
time
to
positions in the Government.
Over 5,700 Bell System employees were in the military services
im¬
portant
of the
at
year.
Telephone Laboratories devoted a large part of its time to
important war research.
The Bell System's manufacturing organiza¬
tion—the Western Electric Co.—took on large amounts of work for
the
Bell
the
of
the
war
and
over
at
vital importance to the successful prose¬
same time increased its production of
for the Bell Telephone companies by
the
equipment
telephone
narly 50%
On
the Navy of
and
Army
1940.
whole, the quality of telephone service has been maintained
at a
high standard.
In spite of an increase in taxes equal to $4.60 per share, and of
increased wages and material costs, and of reductions in telephone
rates, the dividend of $9 per share was earned in 1941 with a small
margin.
With a record volume of business and with total operating
revenues
dividend of 50 cents per
Telegraph Co.—57th
&
facilities in new places—it needed more telephone facilities
places—and it needed the facilities In a hurry.
About
telephones were added—409,000 more than ever before in
usual
cution
and
Telephone
in the Bell System were put to the test in 1941 as never
and, on the whole, performed their task—the biggest they have
tackled-^—with credit to all concerned.
The nation needed new
essential
Sept. 15 and Dec. 15, last year.
In announcing the current dividend, Chairman George W. Reynolds
stated that, because of circumstances incident to the war,
a
fixed
common
stock dividend policy for the year cannot be established at
time,
154,
.\
■
June 14,
this
1938.-r-V.
companies
The
common
1940, and on June 25,
v.,.'--
•
the end
The directors have declared
1941; June 29,
1,
7%
$100, payable March 14 to holders
$7 per/ share were made on this
gencies.
dividend of $2 per share on the com¬
stock, payable March 16 to holders of record March 3. A similar
distribution was made on this issue on March 14, June 16. Sept. 15
mon
and Dec.
dividend of $3.50 per share on the
maneuvers,
American Cigarette & Cigar Co.—$2 Dividend—
declared
holders of record
May 1 and Aug. 15,
Report—Walter S. Gifford, President states in part—
ing
The directors have
a
650.
P.
i
and
Central Manufacturing Co.
See Auburn
March
$3.50 Preferred Dividend—
84,692,000,
$41,873;
on
1940.
Co.—$1 Common Dividend—
to
1,360,000
Liabilities—Accounts
holders of record the same
in
1001.
dividend of $1 per share on the com¬
payable
on
par
The directors have declared
in
patents (net), $90,921; deferred charges, $29,789; total,'$2,753,764.
and
a
p.
and on June 29, 1940.
telephone
tLoss.
Assets—Cash, $173,325; accounts and notes receivable (net) , $485,846;
investments, $246; fixed assets (net), $868,871;
missions,
value,
154,
$2,215,595
before
>
♦Includes $39,726 for Federal
$8,055,413
and
1941
shares.—V.
par
declared
in
non-cumulative preferred stock, par
of record Feb. 28.
Distributions of
The
$59,594
sh. on 153,-
per.
$2,342,514
14
last year,
no
American
Net
of
Distributions of like amount were made
Feb. 28.
1939
$757,318
494,937
121,284
37,006
expenses——
for
Prov.
depreciation
tRepresented by 221,062 no
1938
$452,377
436,636
102,870
26,011
1940
$840,149
562,970
139,207
29,084
Depreciation
Other charges
1,177,440
...
—
♦After
mon
1941
$1,037,502
588,009
132,986
39,655
profit—
Operating
27,651
758,734
—.
3,366,603
Altorfer Bros. Co.—Earnings—
.
386,414
25,726
$8,391,158
—
—
.
^
758,734
——......
surplus
100,000
276,559
387,885
——
liabilities
Deferred
'
100,000
i——
—
American Ship Building
March 15, 25 cents; June 15,
45 cents.
Compare V. 154, p.
Allis-Chalmers Mfg. Co.—Wage Dispute Settled—
National
$2.07
.
———„————.—$2,722,523
Long-term debt
Notes payable, banks
Accounts payable
$21,979,706 $21,459,409
—
American Fork & Hoe Co.—25-Cent Dividend—
company has filed with the SEC an application (File 70-498) regard¬
ing the proposed extension to March 1, 1945, of the maturity date of
The
Balance
—
tCommon
497.
Calendar Years-
cents
Aibion Gas Light Co.—To Extend Bonds-
its $150,000
110,531
$127,777
221,062
Total
depreciation and depletion, $23,450,492 in 1941 and $22,464,902
tAt cost, 10,510 shares in 1941 and 6,200 shares in 1940.—
1940.
A
$888,608
Total
♦After
110,531
$292,780
221,062
$2.28
for excess profits
property
receivables
Distributions
Reserve for Federal
Class
221,062
outstand.
Total
Total
.
Reserve for
110,531
$346,148
1941
and
Other
31,978
16,759,600
3,423,018
share)
a
437,109
46,693
and
34,266
794,808
——
taxes
American
"Loss.
Accounts
221,062
——
$291,154
Surplus
to
1940
—
-
$238,303
30,758
Note—No
Total
$403,312
Prepaid charges
12,344,477
39,509
$1 Preferred Dividend—
-
/
34,041
$456,679
—„
—
Cash
.
Reserves—compensation
lations
1941
inc.
45,800
Assets—
•Plant
Cash
Inventories
$21,979,706 $21,459,409
Accrued
held in treasury.—V. 154, p. 1489,
—
Fed.
stk.
com.
146,140
inventories, $1,104,765;
1941
calendar Years-
deductions,
106,988
86.000
34,526
$505,031
Earnings per share
♦Including $203,000
Customers'
12,151,419
...
Liabilities—
A
for
106,988
115,854
$283,969
610,783
159,329
Accounts payable
39,391
Albert Frank-Guenther Law, Inc.—Earnings-
Prov.
202,822
93,099
147,000
Liabilities—
Earns,
—
.
5,750,800
4,331,927
—
—
stock purchased and
Other
Shs.
Other
136,803
„
—_
——*
202,552
54,701
25,159
paid
176,285
deposits
103,201
;
$614,433
189,295
216,401
Surplus
628,023
;
—
items
41,945
(current)
obligations
♦After deductions of $13,235
from
50,000
1,560,046
capital stock
—
265
1,909,904
600,000
...
113,898
*425,000
taxes-
profit
Dividends
1940
$5,007,402
2,489,626
__
$511,232
$833,649
Consolidated
$3,988,667
(less reserves)
$1,015,183
_
income
Sheet, Dec. 31
Total
income
inc.
$0.37
639,975
investments "and
♦Property
19,127
Capital stock (par, $100)
Gross
$1.17
639,500
receivable
fCommon stock
Miscellaneous
$64,629
.....
chartered
refitting
Earned surplus
Expenses
$1.44
958,150
profits taxes.
^
1,401,446
$719,751
expenses
issue
29,181
—
i.
of
Other
639,500
$2.09
series G_
1,528,667
-
1941
Notes and
Deferred
$235,106
1,269,258
Inventories
23,155
—
taxes
cost
639,500
....
5,117,059
$912,977
102,206
Depreciation
—.
—$64,020
...
etc.
Provision for Federal
Total
$747,097
638,400
^
excess
1938
$7,029,737
:6,203,996
29,941
$918,084
634,090
stock
common
*
the
127,714
.
—
Surplus
payable to banks, unsecured.—
money
41,074
1939
$8,452,414
$1,226,292
income
Federal
Years
1940
$8,870,363
6,492,080
1,465,305
$1,099,039
127,253
—
Total income
$9,868,747
1,414,238
Liabilities-
Purchase
$1,325,673
stk.
—
—
Divs.
—
for
17,577
anticipation notes
Working funds, advances, etc.
5,857,475
235,727
—
Total
JReserve
28,932
*294,120
*602,944
U. S. tax
338,439
272,003
...
Plants, terminal, fleet, etc. (net)
.
134,323
$306,122
profit
Interest
S. Treasury bonds
U. S. savings bonds—defense
$336,744
171,020
cans,
payable
111,933
$892,388
Other
The
18,268
1,239,263
—
Accrued wages,
239,470
$1,241,137
Assets—
of
44,859
239,140
1,330,576
102,134
21,465
Deposits with mutual fire insurance companies.
Investments
Accounts
$171,798
liability incurred for
V.
253,447
fishing gear and supplies.
Expenditures for repairs of chartered ships—
Notes
$780,455
56,340
of
Operating
1940
1,063,414
Packing Corp. current account......
Materials,
$1,001,667
taxes—
common
in
$932,822
202,181
....
:
salmon
Deferred
amounts
Consolidated Balance Sheet, Dec. 31
\
^
1941
Cash
6,160,862
U.
Nil
$0.54
'Depreciation included in the above statements in the
$380,948 in 1941, $358,318 in 1940, and $356,700 in 1939.
Assets—
6,208,250
for Calendar
1941
$10,310,949
sales,——
7,629,212
etc., expenses1,582,697
of
stock
capital
8,073,711
(& Subs.)—Earnings—
Income Account
sales v——;
Admin.,
1938
Miscellaneous
458,194
share
per
105
285,404
tax.
paid
Earnings
of
par)
Wages payable
West
property
Fed.
Dividends
Canned
59,431
70,784
Consolidated
$6,332,660
v.
__
Cash
$115,269 loss$639,904
44,433
covered by ins.
on
Prov.
$8,569 l0SS$737,166
97,263
106,700
$199,157
4,594
287,944
■
•
American Seating Co.
Cost
1939
Balance
994,262
the
Net
1938
$4,101,701
define
$6,988,706
$1,959,229
Net income.
*No
$3,489,520
965,440
$4,275,790
3,449,671
first
1940
Earnings per share.....
1939
1940
will
$7,655,343
6,653,676
charges
Federal
Subs.)—Earnings—
$3,268,874
—u—
Total
Cost
(&
who
$1,902,889
expenses....
income..—
Gross
Divs.
Alaska
1941
—
Shares
Income
31—
——$9,976,600
Profit from operations
credits
$790,465
$2,975,125
and
Alpha Portland Cement Co.—Earnings—
Income
Income
arbitrator
Net
Income
Interest and rentals
the
as
MISCELLANEOUS
-
,
$1,697,157
1,187,052
$2,331,666
-
act
INSURANCE
-
issues to be arbitrated.
It was agreed also that Mr. Adams will not
hold any further hearings, though he may call for further information
from the parties.—V. 155, p. 538. :
;
Operating
I1 Railway
INDUSTRIAL
-
will
Adams, who
$2,746,503
;
1,898,050
Equipment and Joint facility rents—71,404
Taxes
——————
911
•
of
to American
$124,367,000
more
than
in
1940,
net
income
applicable
Telephone and Telegraph Co. stock decreased $18,727,000,
earnings, per
resulting
in
$11.26 in
1940.
share
of $10.26 in
1941
as
compared with
,
the year, there were 23,450,000 telephones in the
of which Bell System telephones numbered 18,841,000.
There, has
never
been finer cooperation
between the 6,350 inde¬
pendently owned telephone companies in this country and the Bell
System compainies. All these companies, together with more than 60,000f
rural or farmer lines and systems, make possible nation-wide universal
telephone service, offering to the telephone user the ability to talk
to anyone, anywhere, promptly and clearly,.
This cooperation is more
imoprtant now under the stress of total war than ever before.
Bell System Facilities—The great expansion of telephone service,#
both local and toll, reduced the margins of unused plant held for
future
growth and resulted in some cases in shortages of plant
facilities, particularly on-xertain long distance routes where growth
was the most rapid.
As a result, it was necessary to construct large
amounts of additional plant of all types.. Every effort was made to
do this with a minimum use of strategic war Materials.
Expenditure^
for new construction were High, approximately $420,000,000, as com-t
pared with $290,000,000 in 1940.
The investment in telephone plant
At
the
United
end
States,
of
912
at
'
THE COMMERCIAL & FINANCIAL CHRONICLE
the
end
the
of
year
$5,047,880,000,
was
against
which
there
were
depreciation and amoitization
Over
many
,
1,000,000
1940
in
as
important
reserves of $1,444,262,000, or 28.6%,
of long distance circuits were added—twice as
and the most ever added in any one year.
An
miles
factor
in
the
ability of the Bell System to add great
num--
bers of long distance circuits to its plant rapidly and without excessive
draft upon supplies of copper and
other scarce materials has. been
the
large
scale
application
of broad band carrier systems,
which
provide
great numbfer of telephone
a
Anticipating the importance
in
the
the
and
able
a
single circuit.
transcontinental
iacilities
were
circuits
provided prior to Dec. 7th.
Addi¬
now
being rushed to completion
are
is
anticipated that about 36 more will have been made avail¬
the time this report is issued.
In the meantime, work on
by
transcontinental
all-cable
underground
cable, which will provide the first
telephone line and which will double present
facilities, is being pushed forward rapidly.
Service
transcontinental
transcontinental
this
on
channels over
increased
60 additional transcontinental circuits, increasing
War,
by about one-third,
transcontinental
it
the
of
event
total
tional
of
cable
is
route
being given as far west as Denver and
completed to the Pacific Coast via Salt
by the latter part of 1942.
Altogether, about 4,000 miles of toll and long distance telephone
-cables were added during the year, raising the total mileage of these
cables in service to about 36,000 miles.
Over two-thirds of the cable
added was placed underground;
most of it by using the recently
perfected method of plowing the cables into the ground to a depth of
30 inches or more with heavy mechanized equipment.
Development of coaxial cable,,
which can carry several hundred
telephone conversations simultaneously in two pairs of specially de¬
signed conductors, reached the point of regular commercial use when
the
200-mile cable
of
this
type between Minneapolis and Stevens
Point, Wis., was placed in service in 1941,
The extensive use of
coaxial cables is planned on the longer heavy traffic routes as an
economical means of providing long distance circuits.
Coaxial cables
are
suitable also for use in inter-city networks for the transmission
the
cable
is
expected
now
to
be
Lake City
of
The first installation of
was
circuits
placed
follow
across
Saving
Strategic
carried
was
miles in
value
of the war
point
War Materials—The 1941 large construction pro¬
under conditions of increasing difficulty due to
combined effect of these
effort
is shown by
measures
the stand¬
from
the large reduction in the use of
For example, Bell System
aluminum has been reduced to less than one-fifth of
which otherwise would be required, use of magnesium has been
reduced
to
one-sixth,
rubber
about one-half,
an<J, zinc to
copper
and
'
two-thirds.
about
to
Telephone
several-fold.
During 1941, direct circuits to Europe were in operation with Lon¬
don, Berne, Madrid, Berlin and Rome, and in June direct radio¬
telephone service was established to Portugal, formerly reached via
occupation
To
of
was
summer
1942,
January,
the
San
Honolulu
additional
and the
being
are
circuit
Rio de Janeiro,
Aircraft
to
Netherlands
provided to Panama,
Two additional circuits
Indies.
installed for completion early in 1942.
An
Puerto Rico, and a second circuit to
San Juan,
Brazil,
are
Warning—In
planned for the middle of 1942.
co-operation
receive
and
tens
correlate
information
of thousands
of
of
civilian
with
the
the
movement
of
enemy
aircraft
observers
the
amount
offered
and
the
unsubscribed
balance
of
$10,839,700
the open market, at an average price of $111 per
$100
bond.
Company called for redemption on Nov. 1,
1941, its
$94,192,500 20-year sinking fund 5 J/2% gold debenture bonds.
To
provide funds for the retirement of these bonds, the company sold
was
sold
later
in
$90,000,000 of 2%%
debentures due in
1976.
Early in 1941, the Bell Telephone Co. of Pennsylvania sold $20,000,000 first and refunding mortgage 2%%
bonds, series D, due in 1976,
and
retired
its
$20,000,000 of 6%%. preferred stock.
Illinois Bell
Telephone Co. sold a new issue of $50,000,000 first mortgage 23A%
bonds,
series A,
due
in
1981
and
redeemed
its
$45,000,000 first
refunding mortgage 3y2% bonds, series B, due in 1970.
The Pacific Telephone and
Telegraph Co., and the
Taxes—Total
bill
tax
England
to
656,250 shares
($65,625,000), expired on Dec. 31, 1941, and the
England company's offer, amounting to 222,243 shares ($22,224,300), expired on Jan. 15, 1942.
This company subscribed for its
proportion of both of these offerings—547,417 shares of Pacific com¬
New
and
145,157
from
shares of New England
the public
were
6,014
and
comoany
21,043
stock—while
shares,
sub¬
January, 1942, this company purchased at par the unsubscribed
of both of these offerings—102,819 shares of Pacific com¬
pany stock and 56,043 shares of New England company stock.
During the year, this company and its principal telephone sub¬
sidiaries paid off $5,854,000 of their 4% notes held by the trustee of
portion
Chesapeake
business
active
service.
This
conditions,
when
Bell
taxes of the Bell System
in
bills
and
Federal
volume
collected
Government."
of
business
record
3,249
held
of
the
by
The
the
at
the
the
than
more
end
$
the lower
Local service
at
widely
was
from
telephone
amount
of
end
companies
being
1941
end of
the
five
The
5.6%
50%
1940.
end
of
The
1941
of
this
and
1941
Because
the
behalf
on
collected,
so
and
tax
based
rates
year.••
1941.
sales
total
and
number
and
greater
into
account
exps.
96,921,028
91,649,875
88,457,467
rents.
13,538,554
'.13,357,660
13,453,218
held
:
less, than
of
owned
100
shares
or
and
1941
of
%
&
:
serv.
•
1941
experience
in
the
manufacture
were
women.
Subsidiariy Cos.—
on
New Jersey Bell Tel.
31,
V
Total
(
of
of
Pa.
Notes
Book
•„
Total
Outstdg.
Co.
65.31
100.00
100.00
100.00
100.00
5,000,000
of
■
stocks
held
(Cost)
Tel.
&
Tel.
Tel.
stock
•other,
States
Co.
Tel.
Tel.
&
•
44,200,000
Bell
Cuban
Tel.
Tel.
Prov.
100.00
99.99
99.99
99.99
100.00
99.31
100.00
99.99
73.23
*
-
$50.00
,
common
6,312,385
•'
14,300,000
j;
5,500,000/• 100.00
100,00
12,858,300
5,515,000
75,000
4,289,242
4,313,644
Dr715,156
112,765,862 103,374,191
18,284,613
16,642,917
10,£176,631
10,895,835
1,261,197
723,772
642,906
11,785,983
23,313,268
12,587,573
19,778.996,
891,598 y
,
884,453
construct.1
•
608,570
.
581,770
11,576,079
§1,264,521
Cr379,133
11,621,520
22,202.615
Cr235,612
M8.224,682..
13,786,288
12,305,246
16,298,101
;/11,178,007
21,294,079
Cr644,267
*26,843,934
———
income
! 17,701,737
29,871.164
169,759,381 179.903,618
9,668,134
deductions
6,893,120
22,375,167
,*«
income
of-
165,522,792 147,896,567
of
the
20,162,886
<18,686,794
$9,09
;
$10.08
in
19'40,
432,500
50.00
Note—The
Telephone
-
.
.
does
liability
any
194Q
.
~
$487,872,254
$5,100,000
invests,
(at
funds
receivables
-—-—$42,456,036
,
Total
Stock Sold
40,200,050
14,016,704
6,113,835
4,932,361
-
4,496,551
*
2,701,982
1,794,015
,
..
———
debts—
Notes and
—
..
.
.
76,478,335
-
;
111,648,559
4,585,788
'
2,283,223
2,050,028
$3,445,725,990 $3,165,351,924, $2,994,024,774
—
outstdg.— $1,868,679,400 $1,868,679,400 $1,868,679,400
269,975,028
269,975,028
269,975,028
'798,584,900 !'* 569,694,000
"430,155,700
Stock issued and
Premiums op cap. stock—
debt—!———!—
: Funded
Notes
sold
"
pension
trustee
to
*
of
'
——
6,146,963
6.786,569
7,383,199
——
fund
42,045,287
42,045,287
42,045,287
4.854,179
13.584,104
•
1,331,940
133,213,770
to This
Advances
Dividend
payable
Company
Indiana
189,492,576
.
Liabilities-
$5,139,590
otherwise Indicated,
tin January, 1942,
this company for cash at par
and the
gations of
43,003,202
500,000
-■41,587,318
.t.
240,000
39,59,0
Chesapeake & Potomac Tel.,Co. of Va.
Michigan Bell Tel. Co
14,517
V;18,183,208
.
discount
debt
expense
deferred
43,695,900
2,368,532
——-
Material and supplies-,
and,
,
_——
invests.——,
cash
1939
81,580,005 V .159,777,381
—_
deposits—,
Current
;
$445,573,024
2,366,315,292
47,626,467
cost)
*
Cash 'and.
162,500
.
$455,801,858
2,440,622,587
•_
——
existe.d
Co: Balance Sheet, Dec. 31
1941
.
plant
Unamortized
as
$8.16
company
company,
Assets—-
Other
50.00
1
18,686,794
$9.24-
not consider' that
profits taxes in either 1941 or 1940.
excess
14,580,000
&
240,000
v!!;'
..
18,686,794
$17,694,338
Temp,
22.52
413,340
4,405,393 $15,753,118
V:.
18,686v794
.
9,549,540
18,854,783
29.73
18,749,800
■J'.
189,186,924 169,073,447
16,600,385
16,645,419
16,746,164
outstdg. V
income
554,682
186,974,735 188,344,032 172,586,539 152,428,028
168,181,146 168,181,146 168,181,146 168,181,146
18,793,589
shrs.
9,"585,533
6,811,349
**
591,721"-
earnings.! 209,349,902 205,090,196
net
Cr239,250
rev.
„(par $100)-Earned per share—
for
$13,649,213
8,986,100
Co
.J,
14,463,707
Dr569;i04
121,143,740
51,223 V
Sinking
33.34
value
Tel.
$
85,311,996
15,092,047
by itself is less by $4,795,959 in 1941,
in 1939 and $3,115,116 in 1938 than
the company's proportion of the consolidated Bell
System net income
for these years.
'
"
' i
"
'
proceeds were used in whole or in part to repay indebtedness as followfe:
Wisconsin
'
16,837,155
revenues——
$22,153,421
$2,425,239,269 $184,547,262
Co
1938 •'
.
'
93,953,677
Dr668,283
American Telephone & Telegraph
75,000
to
v
11,145,839
-
exps.—
Surplus
No.-
9,550,000
&
sold
A
'- ;
$
and
pon-oper. v
Other
Tel.
Tel.
?'•>*■■■•
$
20,397,088
17,050,173
(net)
*Net
'
stocks except
Bell
pnly)
1939
14,061,880
Dividends declared——
3,541,577
144,307,874
—
was
Co.
1940
22,882,812-
revenues——
Interest
12,500"000
.investments——
stock
Years
Invests, in subs.:(at cost)2,609,786^531
Tel.
any
tDeficit.
sickness,
oper.
Total
7,600,000
5,000,000
99.45
.
had
1,393,603
benefits
Misc.
Co.
of Canada
Book
Net
19,300,000
36,592,463
5,000,000
Co.—Preferred
Total
1940.
It
employees'
chgd.
Taxes,:
4,000,000
176,817,298
160,041,998
150,401,232
37,585,586
47,423,835
154,440,399
126,039,490
176,251,978
§5,967,268
Co.—Common
♦Common
of
$8.32
$22,869,350;
that
18,039,334
pensions.
Dividend
Inc.
Co
Miscellaneous
.
18,686,794
■.
profits,
consider
Calendar
?..•
147,053,884
exps.
accident,! death
T
England
American
comm.
Exps.
55,999,180
value—
American
for
Dr804,396
rents
Suburban
&
Co.
Account
revs.
revenues.
misc.
$13,337,400
Tel.
excess
Telephone & Telegraph
expense-—
for
service
Companies—
Tel.
Cuban
.Traffic and
♦Net
Co.
Cincinnati
Bell.
$10.18
tCompanies
maintenance-
Depreciation
other
78.17
——
New
oper.
! Current
Co.
Tel.
&
oper.
Operating
205,270,784
Corp..—
(Canada)
18,68^,794
$11.26
Federal
:Toll service revenues— 125,295,721 101.498,499
License, contract revs—
17,312,916
15,853,343
Miscellaneous revenues- I 5,249,643
4.460,181
1,600,000
88.88
——
-
18,686,794
$10.26
$83,399,178;
(American
1,930,000
209,612,600
—
Broadway
Tel.
18,686,794
$
Labora¬
value)
Southern
U2,638,002
Act
136,316,050
5,700,000
64,095,700
Co.,
book
22,099,731
^~-i94i
,
—
Inc.
Total
42,316,307
Income
Co.
Tel.
&
Tel.
23,589,548
not
.
&
_—
Telephone
Eastern
•
19,000,000
35,187,500v
—Common
11195
168,181,146
did
•
100.00
36,999,100
—
par
155,543,144
168,181,146
liability under the Excess Profits Tax
14,175,000
172,998,900
(no
190,280,877
168,181,146
$124,571,731.
v:
30,000,000
Southwest'n Bell Tel. Co.
Elec.
210,497,453
outstdg..
^Employees';
100.00
125,000,000
tories,
191,770,694
♦Federal' income,
Interest
Co.—
8,747,469
Co.
1,500,000
19,000,000
Co.
P
Tel.
4,150,000
r*
30,000,000
148,959,600
Bell
9,277,864
14,250,000
Co.—
Western
8,916,565
Earns, per share. ~
'•':
•
Co.—
Tel.
Tel.
7,690,111
applic.
Am.
on
Tel.
27,600,000
175,000,000
—Preferred
607,117
164,290,613
by
153,667,184
41,467,862
149,989,000
Pacific
628,397
199,558,741
Balance, surp._
No. of shrs. Amer.
&
Tel.
Bell
Tel.
603,750
219,414,018
V,
168,181,146
Face Value
21,000,000
159,999,700
Mountain
667,677
& Tel. Co. stk.
Divs.
$14,8001000
100.00
tMichigan
Bell
'
:
Net inc.
Advances
Value
100.00
Ohio Bell Tel: Co._—
Bell
'
subs,
of
consol.
;
Co.
42,082,226
debt
public
(..V
$92,045,721
444,280,335
,
Repaid
Accounts
payable _——'
$20,120,000
$14,200,000
10,000,000
10,000,000
8,000,000
7,600,000
4,000,000
■
206,699,476
41,801,746
Net inc. applic. to
Potomac
Bell " Tel.
tlndiana
48,340,712
242,269,365
199,460,805
and
.
40,000,000
Virginia
■190,500,346
.16,199,130
24,923,551
-
20,000,000
City;
217,345,813
'
>
fexp. &
oth. fixed chgs.
Potomac
Tel. Co. of West Va.—
tIllinois
261,880,008
41,862,240
5,919,663
145,113,063
.
disc't &
Total
% of
130,000,000
Tel.
&
tWisconsin
-248,469,194
chgs.
Gen'l and
Co.
tChesapeake & Potomac
Southern
41,002,597
deductions..
Amortiz.
Potomac
Bait.
of
220.877,411
6,151,081
156,308,640
bef.
inc.
fixed
Int.
'
1941
$87,094,200
421,300,000
140,000,000
——
Co.
229,211,682
inc..
oper.
a
Holdings
-
New York Tel. Co
Chesapeake
13,476,899
to Amer. Tel.
Subsidiary Companies and Other Investments
tNew Eng. Tel. & Tel. Co.
&
7,663,287
14,349,148
•
Value of
of
8,269,162 i
-
.
7,869,409
1184,769,591
19,257,512
or
^Capital Stocks
Co.
9,508,015
*230,840,309
Net
Western
Dec.
Co.
9,742,018
13,672,840
14,370,623
constr.—Cr._
Uncollectible
Chesapeake
13,290,204
charged
payroll of the System, including the Western Electric
was $723,418,000, an increase
1940.
Higher wages negotiated with the unions
Investments in
&
13,342,094
oth.
Taxes
later cancelled.
reductions were
the
the employees amounted
Co.
20,113,889
11,120,922
&
over
State
24,291,042
38,248,916
i
benefits
Co.,
full annual basis to about
$50,000,000 and increases in wage rates normally made to provide for
progressive stepping-up of wages as an employee's service and expe¬
rience increase, amounted for the year 1941 to $17,000,000.
Schedules
of pay are now the highest in the history of the business.
Tel.
24,752,610
38,732,189
22,194,068
Other gen. exp.
and the Bell Telephone Laboratories,
Chesapeake
25,922,422
40,104,869
if.
pensions
death
*
less
employ 131,000 people. At the end of the year, approxi¬
mately 83,000 employees had been in the business less than one year,
as compared
with 38,000 at the end of 1940.
Of the total employees,
representing
23,475,832
44,463,143
Employees' sick¬
ness, accident,
>
large
in
13,390,016
re- "
treas.- depts.-V
Pro v. for empl.
%
to
$114,936,000
85,937,289
.
Accounting and
more
Electric
157,508,634
161,178,111
of
cost
devel:
search
in
Electric's
$18,428,000,
were
The total
Vinci.
;
10Q
held
stockholders
207,979,688
.
General admin.,
•
average number of shares
29.
Geographically, the
598,600
214,289,622
the
Potomac
including capitah stock premiums and surplus,
were
$4,104,236,000, of which debt obligations amounted to $1,481>
130,000, or 36% of the total.
The ratio of debt to total capital obli¬
gations Is higher than at any year-end since 1925 when the ratio was
159,985,056
164,053,760
Exps.
were
equipment
These
necessary
Pacific
Dr5,115,775
1,298,688,89.6 1,174,322,517 1,107,187,698 1,052,657,832
170,868,704
%
Employees—The employees of the Bell System, including the Western
Elec. Co. and Bell Telephone Laboratories, numbered 379,900 at the end
of 1941, an increase of 57,600, or 17.9%, over the number at the end
of
1940.
To
secure
this net
increase of 57,600
employees,
it was
Tel.
33,025,243
«
Gen. & misc. exps.-
Electric Co., including its subsidiary
$14,359,000 less than in 1940. Higher
costs of operation,
particularly an increase in taxes of $42,170,000,
reduced
the
net
earnings substantially below those o! 1S40.
Net
earnings were $3.07 per share compared with $s 46 per share in 1940.
Tel,
34,427,693
Dr4,093,990
163,594,249
stock.
Western
earnings
Tel.
36,647,977
Dr4.246.927
227,518.398
was
Supply—The 1941 sales of Western
purchasing and supply unit of the
taking
of
companies,
Tel.
713,084,657
311,663,707
39,843,474
173,078,652
196,401,075
,
Tel.
$ "•
Dr4,266,671
expenses.
.Operating
on
then
volume, the nation's armed forces
upon it during the year to produce large quantities of special
radio
and telephone
apparatus vital to modern military operations.
With the declaration, of war, the demands were so greatly increased
that production of equipment for the Government in 1942 will be 10
times as great as in 1941.
For this purpose, one and one-half million
square feet of rented space have been acquired,
machinery is being
installed and additional forces are being hired and trained.
'
Reductions
in
prices of telephone apparatus sold to Bell System
Companies were made in 1940 and further reductions were made early
Bell.
$
744,498,825
332,355,170
of
amount,
communication
of
$
252,581,023
called
Co.
f"
1939
787,746,624
Commercial
Bell System,
$385,418,000, or nearly 60% in excess of 1940.
$3,905,000 were sales to the U. S. Government.
total
1929,
Net
cash
Co.
1939
.
354,174,843
expense.
.Traffic
dollars than in any other year
lower prices prevailing in 1941
the
volume of
business was the greatest in the company's
history.
This production record was made possible by large additions to the
personnel, and the extensive use of overtime and multiple shifts.
in
for
31
Tel.
846,313,265
Total oper. rev.
stockholders—including insurance companies
the
the total
of
a
While
each
shares
35,500
manufacturing,
except
&
Deprec.
1941, there were 634,151 stockholders
Telephone and Telegraph Co.
This is
other institutional holders—who
were
reached
Of
Tel.
Curr. maintenance
.
held.
to
one
each.
many
the
Dec.
416,798,828
Misc. revenues
.
and
Ended
rev.
.'Uncoil, oper. revs.
Approximately one-sixth of the Bell System
employees owned stock in the company.
No stockholder held as much
as
V» of 1% of the total stock.
Of the total stockholders, 207,000
held
stock
common
rev._
service
of
American
stockholder at the
per
stock
of
Years
1940
1941,
capital
new
value
par
Statement,
r~*and its principal telephone subsidiaries)
Companies, including Western
effect, is in the neighborhood of $85,000,000 per
Stockholders—At
of
Income
(Consolidating the accounts of the American
to'the taxes paid by the Bell System companies, certain
borne by the users of the service must be added to all
be
to
the
the
System
that
means
enough to offset
$12,000,000
company
par.
was
telephone
of
this
at
addition
taxes
which
sold
.
.
In
owned by Western Electric Co.,-. Inc.
SNumber of
UNotes and advances include real estate mortgages of $13 100were paid on Jan. 2, 1942.
On that date the corporation
000,
Toll
New England Tel. & Tel. Co._
capital requirements
must be high
a serial notes of $1,000,000.
Outstanding debt obligations of the Bell System increased $247,036,000 during the year.
Cash assets of the System at the end of the
year were $301,617,000, of which this company held $271,072,000.
Financial Structure—At the end' of the year, the total capital obli¬
the System,
JRemaining 50%
shares.
respectively.
In
their
respective pension funds, and The
Telephone Co. of Virginia paid at maturity
1942
in
the debt
$90,000,000
equal to nearly $15 per share of American Telephone and
Telegraph Co. stock outstanding, an increase of $4.60 per share over
1940.
Taxes
in
1941
exceeded
by $89,032,000 the earnings of the
System available for dividends.
;
'
Other
New
and Telegraph Co., both of which have common stock out¬
standing in the hands of the public, offered additional shares late in
1941 at par, $100 per share, for subscription
by shareholders in pro¬
portion to their holdings.
The Pacific company's offer, amounting
pany
stock
stock,
depression.
and
Telephone
scriptions
of
Northwest'n Bell Tel. Co.
attack.
Financing—In
July,
1941,
company
offered
to
its
stocholders
$233,584,900 of 15-year 3% convertible debenture bonds, convertible
into stock after Jan.
1, 1942, at $140 per share.
Stockholders of
record on July 25, 1941, were entitled to subscribe for $100 principal
amount of these
convertible
debenture bonds for each eight shares
of stock held.
Subscriptions were received for $222,745,200, or 95.4%
of
,
over
Electric Co. and Bell Telephone Laboratories, for 1941 were $288,493,000,
an
Increase
of
$88,279,000, or 44%
over
the previous year.
This
Diamond
Army,
spotted at telephones in
cities and towns and over the country-side, direct the defense actions
of the armed forces and give air raid warnings to the civilian defense
authorities.
Communications
arrangements have
also been worked
out in cooperation with the civilian defense authorities for facilitating
decision of the many
civilian activities required in defense against
enemy air
into
were
extensive com¬
munications systems
required in defense against enemy air attack
were
developed and installed during the year.
These air defense
arrangements are largely based on experience in Great Britain, modified
by the experience gained in maneuvers and airplant warning tests
conducted
by the United States Army.
The basic features of the
systems employed here take full advantage of the nation's extensive
telephone network.
Means are provided whereby the Army can quickly
from
times
requirements are also heavy,
in times of
telephone
Francisco-
strengthen important"routes,
improved and augmented.
During
are being
additional circuits
1941,
1943
meet
-Par
facilities
of
Philippines
to
early in
suspended.
to
more
the increases in traffic and to
meet
radiotelephone
the
the
Manila,
service
and
more
in
earnings
Madrid.' Upon the outbreak of war with the Axis powers, in December,
the circuits to Berlin, Rome and Tokio were discontinued.
Upon the
Manila
for
earnings
Service—Overseas telephone
continued
to grow
rapidly during the year
European messages due to the war conditions.
increased
available
converted
$140 per share of
to 29.7% and
36%
and
172,800 were men and 207,100
traffic, as a whole,
despite the decline in
New record levels were
reached in transpacific, Carribbean,
and South American traffic and
telephone calls with Hawaii, Panama, Puerto Rico and the Philippines
Overseas
from
structure
produce
Manufacture
consumption of
nickel
to
demand
lines, is only 30 miles.
^strategic materials which has been effected.
that
able
than
on
of the
be
capital
of
rate
reduced
can only be maintained if management
regulatory authorities permit the return on
investment necessary to enable the business to obtain through equity
financing much the greater part of the large sums of new money
required for additions and extensions of plant to meet the public
is
length, whereas the
the shortage of essential materials.
Anticipating these shortages and
beginning over two years ago, early in the emergency, steps were
to
reduce the Bell System use of strategic
materials.
Those
responsible for the design and manufacture of telephone apparatus
and supplies have carried on continuous and extensive studies of the
use
of
alternate
materials and as rapidly as possible substitutions
have been made to meet imminent or prospective shortages.
Also, throughout the Bell System, emergency engineering and oper¬
ating practices were adopted in 1941 to reduce as far as possible the
use
of strategic
materials.
These emergency practices included the
deferment, wherever practicable of plant construction for the purpose
of betterment by continuing in service plant which normally would
have been replaced, and by repairing and reusing a large proportion
of plant
removed from service.
Where new plant was built, 5t was
engineered to take care of growth: for a relatively short period in
the future by greatly reducing the size of cables and of additions to
central office equipment and other plant.
These necessary changes in design and in engineering and operating
practices added to the load at a time when all hands were hard
pressed by an unusually large manufacturing and construction pro¬
gram, including much special work for the armed forces and other
defense
agencies.
The substitutions and the emergency practices
which have been adopted involve some economic penalties in the form
of increased costs, either currently or in the long run.
The
be
would
be
convertible bonds
conversion
then
strong
each
land
The
taken
•
A
the
specified
would
additional
wire
Chesapeake Bay.
route over 400
circuitous
a
newly developed 12-channel radiotelephone
a
service
in
direct radio route, including connecting wire
gram
the
ratio
shares
television.
system
Should
38.7%.
at
Monday,; March 2, 1942
4,000,000
/Int.
and
.Deferred
„
taxes
.
accrued—_
Surplus
12,413,300
10,281,900
10,281,900
18.225,678
,
,
906,391
,
154,416,398
60,817,757
reserve
».
141,761,189
60,817.757
63,264,444
198,115,481
179,675,851
"°~~Y59,537,723
13,413300
Pacific Tel. & Tel. Co._
28,566,716
.634,632
,
Deprec. and amort, reserves
/Unappropriated surplus
3,000,000
Illinois Bell Tel. Co
■
!—
credits
6,784,774
17,743,428.'
Total
r
!
—
$3,445,725,990 $3,165,351,924 $2,994,024,774
Volume
Bell
•
•
Invests,
controlled
in
panies
..
.
230,205,392 '".
and
216,756,819
79,981,861
78,987,628
86,211,419
\
575,000
112,115,945
189,501,976
339,517
J: 189,546,973
40,289,878
117,919,457
51,356,785
....
deposits—
Temporary
invests.—
cash
138,922,572
receivables
Current
and
Materials
debt,
,
and
count
65,634,330
supplies^
Unamortized
%
109,189,382
45,764,507
11,800,769
6,446,021
13,225,387
7,283,728
i
Other deferred debits,.
9,973,236
11,736,628
8,439,377 *
expense.
Prepaym'ts of rents, taxes,
directory expenses, etC;__
Tel.
Co.
"
.Subsidiaries consolidated—
Tel.
85,797,721
:
17,907,950
85,798.621
42,854,950
said
pension
of
trustee
to
Deferred
accrued
108,997,421
2,810,455
260,573,026
2,480,493
.
1,304,376,440
Surplus of subs, consol." ap*>'
/
.r
to cap. stks, of
public;
surplus applic. tocap. stk. of Amer. Tel. &
Tel. Co. surplus reserved
Unappropriated
surplus
\
above
,.
with
compared
63,076,567
297,375,201
$5,227,361,850
F.
Feb.
72,173,000
7
61,144,000
61,225,000
71,9Q8.000
Feb.
14
Feb.
21
—V.
155,
71,279.000
—
1938
45,923,000
45,846,000
«
nnn
39,300,000
39,717,000
Due
39,654,000
an
onn
greatly increased volume of business during the year,
outstanding as of Dec. 31, 1941, amounted to $27,600,000
the
to
loans
to
meeting
proposed
to
Corp.
—
To Change
will vote
American
were
the
operating
of
Year Ended
-
of
pvp]
cqlac
rtf
pAqf
68,818,005
119,645,069
*'"
■
,
———1
deposit
Selling, gen. and admin.
•y
y,
y.
■*
>■
Profit
from
i!
sales
credits-
Profit -bef. other chgs—:.
•
Prov, for- doubtful accts,
Flood loss and expense
Loss on fixed assets sold
or
>
(net)
$113,176; general «nd adminis¬
Federal capital stock tax and State
$23,714L»——
;
^
;«/
$178,778
income
15,910
-
90,394
,,336,417. y
deprec——
Addition to res, for Fed.
'taxes--"—-— i!2,200.000,
war conting— * 2,000,000
income
.
for
■J
income.$6,943,886
dividends
v - 4,200,000
Net
profit
for
and
Preferred
accounts
68,370
?
———.
dies,
$3,154,464
$2,243,895 *$4,911,502
1,050,000
1,400,000
$2,743,886
$1,754,464
Assets—
Cash
t
banks and on hand..———
in
receivable,
Accounts
trade,
Inventories
less reserves
•
—
—„
material purchases——-.——
Other current assets
——
————
Advances
on raw
notes receivable dn
Mortgage
■(Textile Realty Co.
assets
/Fixed
————-
prepaid insurance, etc.—a—
Other assets and
Total
dwellings.-——
capital stock and open acct.
...
$1,193,895 *$4,911,502
Liabilities—
.'
,
>
-'
.
>,
/:
liabilities
1940
$4,166,220
14,708,487
36,408,850
.9,507
6,636
23,011,402
856,867
10,245
7,604
23,122,093
629,169
Federal income taxes.————
current liabilities—i
—•.
—
Reserve for
Other
»31/2<>n
mortgage
stock
surplus
Earned surplus
1
Total
r
—u——
•
$17,400,000
1.044,825
1,437,511
760,000
381,107
1,100,000
tAfter
company—estimated
Nov.
30,
1940,
$100,487;
Total
Same
Bond
R.
M.
2,743,886
11
1,
....
■
■
■
11
———$107,506,575 $79,427,227
' ""V /
,
,
inactive
^
J
shares stated value $5 per share,
v.
t,y
r.
....
,V
$10,199,574
771,072
:
1941
.
Feb. 14,
1930
1942
32,250
39,174
22,893
Cash
Feb.
17,
"In
Federal
for
Fed.
paid
tax
...
}/ 17,774
22,433
62,907
Director
of
on
such
50,024
61,607
62,117
Public
of
Relations,
in
a
notice
.....
of
the
contingent
interest
either at date of modification,
(this in case of a
subsequent to date of
acquisition
Commissioner
the
stated:
date
effective
that
had
at
2,163,641
10,043
2,700,320
' 596,692
,,
.....
security bearing contingent interest
modification), when the same is
"The
of
the
fair
market
value
included
exchanges
of
the
return of the investment and was not
of
the
right
,
more
a
collection of the interest within
taxable income."
-
for
est.
normal
receivable
Amounts
Reserve for
($1 par)—
a
...
(c)
1950;
1965.-^15.5, p. 820,,
250,000
1,882,590
408,877
,
$22,625,941 $16,561,674
—
future
354,900
3,413,752
1,669,722
experimental and development
154, p. 1726.
^
(received under
expense
sales contract).—V.
Co. of Canada—Earnings—
Telephone
,, ?t
t
f
%
A
1938
1939
1940
1941
Calendar Years—
$50,710,575 $45,774,753 $42,670,866 $41,167,406
taxes, etc...
40,418,683 35,795,400 32,049,380 31,238,470-
revenues..
Oper. exp.,
Operating income
revenue.
non-oper.
$10,291,892
657,217
$9,979,353 $10,621,486
1
608,779 .
327,088
$9,928,936
$10,948,574
$10,317,921
388,985
gross
income.. $10,949,109 $10,588,132
Int., amort, of debt disc,
3,646,202
3,897,591
4,439,126
3,868,541
$7,302,907
$6,509,448
6,440,338
$6,449,380
6,621,993
$6,690,542
6,524,680
$680,914
$165,862
$69,110
$78,354
832,492
$8.77
821,149
808.796
800.441
$8.15
$8.05
$8.05
long-term debt, etc.
income
-
Dividends
Surplus
$100)
(par
Earnings
per
,
,
k
6,371,026
outstdg.
Shares of stock
share
Comparative Balance Sheet, Dec. 31
at cost...
Telephone plant and equipment
General equipment
-—y.—
securities
Cash
Special
cash
and
supplies
receivable
and
other
...
current
assets..'
Prepayments
Discount
on
long-term
debt-,..—
bonds redeemed.
Discount and premium on
Other
deferred
debits
—
14,436,749
839': 920
3.562,468
*
99,587
receivable from subs
Accounts
185.527.833
21,905,014
3,919,518
——.
622,075
328,000
332.000
4,765 988
870.291
332.516
1,980,581
137,490
...—_—
—-
207,987
699,760
4,313.105
deposit
Temporary cash investments
Material
$
$
22,351.607
194,302.248
4,101.308
14,457,384
827.596
,
,
Land and buildings,
Investment
1940
1941
Assets—
Fixed capital:
Total
x
,
—
Total
•For
360,000*
223,000
1,200,000
Earned surplus
-
3,655,618
contingencies
surplus
91,634
12,776,019
7,812,255
;
Common stock
Paid-in
taxes
—_
income
Federal
contracts
on
•Reserve
$600,949
191,605;
—1—$2,576,102
1,720,591
taxes, etc
wages,
Provision
.
Baltimore & Ohio refunding and general
mortgage bonds, series A, C, D and F; (d) Baltimore & Ohio convertible
4(/2S, due 1960; (e) Buffalo, Rochester & Pittsburgh Ry. consolidated
4Vos, d"e T957;
(f> Cincinnati, Indianapolis & Western RR. 5s, due
due
•* 1'
3,562,352
$22,625,941 $16,561,674
....
Accrued
Notes
ruling affects the holders of the following securities: (a) Balti¬
& Ohio
1st 5s, due
1948;
(b) Baltimore & Ohio Southwestern
5s,
1%
2,779,893
Liabilities—
Accounts payable
to
This
Division
98,450
^'._r
Airplane design rights and drawings..^........
Deferred charges
above
contingent interest accrued and the subsequent receipt of a
meaning
11,928
facilities under contract with
S. Government^_.'_^_^.r_«._/.._ui—."^
U.
the
L
(net)
assets
Emergency plant
date
or
part of such interest constitutes a return
the
$9,135,110
993,501
5,498,071
*
receive the
1940
$3,085,291
...
receivable
issued
collected."
on
$0.03
$1.14
Sheet, Dec. 31
Cash surrender value of life insurance...
on
status
securities,
—
$9,203
$284,745
$1,970,645
709,800
$5.55
22,864
*
of the
Rochester & Pittsburgh Ry. Co. and Cincinnati,
Indianapolis & Western RR. Co., which securities were modified pur¬
suant to the readjustment plan of these companies dated Aug. 15, 1938,
the Commissioner of Internal Revenue issued a ruling on Feb. 9, 1942,
accrued
—-—
Inventories
39,253
to the request of numerous holders of securities
taxable
1,550
6,000,000
1,200,000
1941
Buffalo,
the
91,500
3,401
income
excess
7,091,757
1,460,566
states:
respecting
$14,155
profit
Net
response
$376,245
;
Cash surrender value of life insurance.........
Net
and rec.
Sant,
$9,813
4,341
1,800,000
....
$335,503
40,742
$10,970,645
sold
Assets—
•
$450,438
, 440,625
$5,188,001
* 4,852,498
Earnings per common share.....—
Ruling Issued—
Van
See
1939
1940
1941
....
Total
Total loaded
cents was made.
operation of airport
for
Net
Wk. End.
Week
freight
rev.
cars
$1
record
$46,414,444
36,214,870
Bell Telephone
Same
Week
40,014
loaded
Total
of
dividend
payable April 1 to holders of
stock,
$115,338; total, $2,447,551.—V. 155, p. 819.
freight
rev.
cars
Dividend—
quarterly
regular
profits taxes
Provision for contingencies...
9,445
profit
of a portion of the basis. It
is accordingly held that the receipt of the contingent interest accrued
(to the extent it was accrued when the bonds were acquired either at
the time of modification or subsequent thereto)
constituted a partial
with an adjusted net book value as of Dec.
-assets are in process of liquidation. Actual
the investment is not determinable at this date.
reserve for depreciation since July 1, 1931, of $15,568,202 in
at
20,303,784
——
and $14,443,293 in 1940. •^Represented by 400,00Q. no par
V, 154, p. 1189. -
predecessor
(deficit)
35,000.000
2,000,000
•
1941
earned
1942
The
properties and other assets
31; 1941, of $3,031,209.; .The
of
other
bonds
•Obligation of the Pocona Co., .a wholly-owned subsidiary.
/The Textile Realty Co.; a wholly-owned subsidiary, holds
value
$738,008;
20.324.505
_———
——————
of
stockholders
and
acquired
'—-—
SCommon
Capital
invent.,
1.100.000
2,000,000
35,000.000
2,000 000
war
.
stock ($1 par), $108,052;
$217,511; total, $1,030,094.
•
payable,
received from conn—
Woolen Bldg., New
contingencies———- -—
—
cumulative preferred stock ($100 par)—
for
Reserve
7r/t>
Amer.
1, 1943
on
due July
York,
the
Years—
goods
on
Prov.
314,560
3,075.145
12,193,792
209,673
—
declared
have
Total
Baltimore & Ohio RR.—Carloadings—
■
.
£————:—-——
m
ratably with production, $64,535;
deferred items, $23,346; total, $2,447,551.
Feb. 21,
Accounts
Accrued
1941
trade, $99,252;
Wk. End.
1941
$8,337,804
20,283,788
54,417,884
391.300
191,389
payable, banks
—.——-—>—_—..—- $27,600,000
payable, trade—_—1,259,574
of
Loss
banks, $83,990; notes and accounts
for doubtful items of $116,081), $408,399;
cos.,
and other
$978,397;
company,
Notes
'/
$0.52
in
investments, at cost, $187,065; fixed
depreciation of $1,479,532, $833,910; patterns,
for
for year ended Nov. 30, 1941,
for excess
—————$107,506,575 $79,427,227
-
—
,
$195,000; accounts payable—trade, $276%
201; accrued liabilities, $162,154; other accounts payable, $9,041; re¬
serve,
$13,807; 4%
preferred stock (issued and outstanding, 15,402
shares
(par $50), $770,100; to be issued to creditors of predecessor
company—estimated
(560 shares)
$28,000, $798,100; common stock,
no
par
(issued
and outstanding 209,737
shares, • to- be
issued to
adjusted for comparative
to the amount of taxes paid. §Includes $8,000,000
profits tax.
y
y <
Consolidated Balance Sheet, Dec. 31
/
common
surplus,
earned
$287,136;
Operating profit
Other income (net).
jigs being amortized
and
expenses
creditors
.
purposes
affil.
Liabilities—Notes
1,735,
.
.
(net), $9,046;
reserves
tools
and
(less reserve
receivable,
less
prepaid
^
*Tax provision has been
+ Deficit.
*Loss.
$115,338
depreciation of ^property, plant and equipment
of patterns, dies, tools and jigs is included in
hand
on
accounts receivable
assets,
44 133
42,785
2,099,229
*418,727
v.
.11,524
2,177,570
9,381
760,000
'
($25 par), $182,650;
Total
Asests—Cash
shares!,
// Surplus
for
amortization
receivable—trade
81,799
133,874
7,920
1,177,359
60,000
for year__
Note—Provision
$5,053,186 *$2,565,385
43,793
191,610
.
7,115
1,216,766
—
$194,688
19,350
:
the above statement in the amount of $133,692.
y . >,
'■»
charges--—
-
Cost
Fixed
Net
$4,499,688 *$3,020,914
553,498
455,529
—
,
,
$0.38
1941
last/an extra distribution of 25
1260, 1050, 746.
Dividends
Provision for Federal income and excess profits taxes.
•
v
10,967
trade
$46,737;
Sales
356,923
Income deductions
2,489,243
„
31,
Dec,
Sheet,
.
10,805
,
2,
p.
Accounts
1
66,281
.
16,208
Bell Aircraft Corp.—Earnings—
$220,034;
■
178,743
447,383^
154,
Calendar
$501,098
34,603
—
Balance Bheet, Nov. 30,
$5,513,890
10,959
10.
Jan.
On
V.
$535,701
.yr,
.
v
for
Prdv.
^
'"
scrapped
Interest
Pensions
Prov.
/
.587,948
'
depreciation.-,. $23,241,962
and
.
r<824.552
i
16.891
$68,111
,10,974
/.'v',
dividends
share on the common
per
$3,722,940
—
income
Total income
~*
1
19,015
$52,501
dividends
directors
March
' *3,221,842
:
profit from operations—
Other
42,569,748
2,810,425
2,816,164
»
I1.-"'
$22,417,411)- $4,925^942
oper.:...
Other inc.'and
/
^
3,686,949
expenses
r-/•'•
„
*109,815
Balance
$42,038,076
57,625,863
748,366
112,223
8,515
Beech-Nut Packing Co.—Regular
advertising,
and
trative,,
1838
$145,749,428 $76,560,111 $64,935,976
returns.
$954,106
—
surplus,
153, p. 94.
The
Nov.'30, 1941'
income
Selling
Net
1939
.
1939
.
$121,589
taxes
capital
directors will be increased
the preferred stock voting
of
holdex*s
sales, less returns and allowances
Other
Calendar Years
1940
,
-
743,621
101,948
10,904
934,011
103,005
21,857
income—
preferred stock
—V.
hereafter
shall
Statement,
corporate taxes,
1941
/
1940
1941
.
Sales, less discount and
•
155, p. 498.
$1,290,276 A $927,988
Provision
orders.
Consolidated Income Account for
y
4,236
$104,584
Liabilities—Note payable to bank (due currently), $17,150; accounts
payable for materials, supplies, building construction, machinery, equip¬
ment, expenses, etc., $38,655; accrued accounts, $16,275; taxes payable
on
income, $109,815; note payable to bank, $52,850; 6% conv. cum.
i
the number
that
class
a
Gross profit on
at Dec. 31;, 1941v* aggregated $96,213,807 of which
unfilled Government contracts and $31,812,256 were
orders
63,046
v
acceptances and accounts receivable
(net), $119,818;
inventories, $85,476; prepaid insurance and taxes,
$2,721; cash surrender value of insurance on life of officer (assigned
to bank at Dec. 31, 1941, but subsequently released), $8,915; property,
plant and equipment (excluding machinery and equipment items aggregating $42,629, some of which may be in use, and related allowance
for depreciation provided to the full amount thereof)
(net), $766,427;
total, $1,030,094.
I
.
.
C.—V. 155, p. 498.
be held March 3 stockholders
of the corporation to
to
that
and
11
as
Cost of goods sold,
Total
Unfilled
.
civilian
also
seven
Gross
sales.
$64,401,551
$171,866
$86,110
$75,664
$121,929
Balance
with
compared
61,836
4,125
231
.«
.
Assets—Cash,
Mount,
Central Manufacturing
Income
$17,400,000 at the end of 1940. This increase in
bank loans
is directly reflected in larger inventories and accounts
receivable.
As of Feb. 20, 1942, bank loans had been reduced to $22,900,000.
Collections during the year were maintained at a high ratio
as
3,372
Earnings per share of com. stock-$1.02
•Including excess profits tax of $48,524.
be entitled to elect four out
of the 11 directors to be elected at each stockholders' meeting instead
two out of seven directors as at
present, except that if at any
after Jan.
1, 1943. the accrued and unpaid dividends on any
of outstanding preferred stock to the beginning of the
then
current dividend period, shall equal or exceed the sum of $2 per share,
holders of preferred stock voting separately as a class shall be
entitled to elect a majority of the directors, and the holders of the
stock voting separately as a class hall be entitled to elect
common
the remaining directors until such time as all accrued dividends upon
the preferred
stock to the beginning of the current quarterly divi¬
dend period have been paid in full.
The adoption of a contributory pension plan and extra compensa¬
tion annuity plan will also be considered.
with $36,468,850 at
of 1940.
As of Dec. 31, 1941, the company had commitments for the
purchase of various raw materials and miscellaneous supplies to be
delivered and paid for in 1942 in the amount of $16,441,491, all of
which were either at or below current market prices.
Practically all
such raw material purchases were required to cover the large backlog
of orders actually booked as at the end of the year 1941.
bank
is
It
from
compared
as
61,492
2,525
adm, & gen. exps.
sales, int. paid, etc...
on
Preferred
proposed that the authorized capital stock
also
separately
merchandise, materials and supplies on
$54,417,883
60,490
debt
goods sold
Common
will be changed
25,000 shares of preferred stock ($50 par) and 500,000 shares
of common stock
(no par)
to 25,000 shares of preferred stock
($50
par)
and 500,000 shares of common stock
(par $1) and shares of
common
stock now of no par value per share will be exchanged on
a share for share basis for shares of common stock of the par value
is
It
Feb. 20, says in part:
Moses Pendleton,
totaled
^
—
from
Woolen Co.—Annual
Inventories of
1941,
total of
/
handled
Fe
Santa
1941,
the corporate name
Manufacturing Corp.
Central
818.
p.
American
President
1939
46,094,000
52,899,000
51,071,000
51,144,000
:
1,477
$152,071
.57,650
of $1 per share.
1940
52,404,000
1941
61,875,000
61,466,000
Rocky
Co.,
changing
on
Inc.—Output—
energy
1942
31..—
5,926
$140,528
sales
of
Net
Vice-President of the Planters National
N. C., has been elected a director,
Executive
Jones,
annual
the
At
72.646,000
Wk. End.—
Jan.
$171,635
—_
income——„
Income
Name, Etc.—
of the electric properties of this com¬
pany lor the week ending. Feb. 21, 1942, totaled 72,279.000 kwh.,
an
increase of 18.06'fc. over the output of 61,224,600 kwh, for the corre¬
sponding week of 1941.
Comparative table of weekly output of electric energy for the last
five years follows:
electric
week
same
succeeding Frank K. Borden of Goldsboro, N.
68,911,157
256,479,514
61,922,569
313,985,277
American Water Works & Electric Co.,
of
25,270
Trust
&
Auburn
Output
$150,594
$184,944
...
funded
on
Discounts
Atlantic Coast Line RR.—New Director—Millard
*
818.
p.
$134,602
21, 1942, were 20,877
System carloadings week ending Feb.
'29,557' cars preceding week this year.—-V. 155, p. 819.
3,702,634
4,133,846
$5,893,765,919 $5,484,988,929
—V, 155,
income
deductions
Gross
Atchison, Topeka & Santa Fe Ry.—Carloadings—
Bank
/ i Total
$172,212
12,732
155, p. 498.
Cost
.
■
$205,294
54,700
$229,285
60,102
Bartgis Bros. Co.—Annual Report—
•
4,196,391
such subs, held by
Consol.
$194,704
98,609
Years Ended—
818.
plicable
v?
reports that for the week ended
Gas and Electric group
Corp.
of the Associated
(kwh.).
This is an increase of 15,663,833 units
production of 105,425,480 units a year ago.—V. 155,
compared with 17.959 same week 1941.
Received from connections
8,258 compared with 7,311 same week 1941.
Total cars moved 29,135
221,090,607
4,772,378
1,360,896,740
342,457,533
reserves
Utility Service
electric output
net
Santa Fe
1,444,262,051
liabs.
.v<v
amort,
&
103,830,957
97,976,615
credits
Deprec.
345,913
$270,821
Selling, delivery,
.
.
20,
14.9 %
or
430,155,700
561,568,000
569,694,000
.
584,568,000
fund
and
Current
560,568,000
798,584,900
consolidated
1939
$575,198
■-
op¬
•Including maintenance and depreciation.—V.
121,089,313 units
was
p.
Co.
Subsidiaries
Notes
'•
37,907,950
86,439,750
Feb.
debt, Amer, Tel. &'
Funded
Atlantic
The
269,975,028
269,975,028
269,975,028
/ Com. stks. held by pub...
Pfd. stks. held by pub...
'
1940
-
Associated Gas & Electric Co*-—Weekly Output—
,
,
$1,868,679,400 $1,868,679,400 $1,868,679,400
capital stock.
on
from
income
Net
1267.
1940.-—V. 153, p.
—-V.
f
Premiums
expenses—_
Operating income
Other
Labilities—
Capital stocx., Amer. Tel. &
1941
- ■ •
$659,698 —L$553,166--,-$556,707
388.877
358,462
351,413
.
accruals
Interest
declared an extra dividend of 15 cents per share
directors have
regular quarterly dividend of 15 cents per share on the com¬
mon stock, both payable March 31 to holders of record March
1.
Like
amounts have been paid each quarter since and including March 31,
$5,893,765,919 $5,484,988,929 $5,227,361,850
Total
1942
erations
Tax
Gross
the
and
revenues.
revenue
Other
594.
' •,-y
p.
Net
Ltd.—15-Cent Extra Dividend—
Asbestos Corp.,
The
11.105,796
6,804,334
\ •
•Operating
and Federal taxes.
tAfter
including estimated provision for
income taxes, $2,666,000.—V. 155,
V v'r':V^'* V'• * 0$ U--V. •
I.'••• I:"*;;,
Gross, operat.
:'V
depreciation
taxes
normal
,l\
dis-
,
depreciation and all
excess profits taxes
and after giving
effect to reduction in amount of $2,209,000 from
inventories
due
to
adoption of last-in-first-out method on certain
products.
Reduction in inventories has effect after figuring taxes, of
reducing profits $569,000.
Estimated provision for excess profit and
'After
income
1,325,000
71,771,606
77,949/279
:
Month of January—
1939
1940
*$2,043,207
$956,904
$1,355,330
share of common stock ly/y", $3.74 *r y $1.75 ~^-~~"$2.3r
profit
..Earnings per
228,390,803
-l
Sinking funds
Cash
•Net
-•'
com-
consolidated)
(not
investments
Other
194i
6 Mos. End. Dec. 31—
—$5,047,880,351 $4,747,674,470 $4,590,509,972
plant
Telephone
1939
1940
1941
•
Bangor & Aroostook RR.—Earnings—
Archer-Daniels-Midland Co.—Earnings—
Consolidated Balance Sheet, Dec. 31
System
Assets—
913
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
155
4,280,470
..
805.017'.
353,829
2,130,972
207,049
249,571,461 239,126,902
THE COMMERCIAL & FINANCIAL CHRONICLE;
914
Liabilities—
'i
stock
Common
($100
Long-term debt:
1st mtg. bonds series B,
1st
'
...
..
.
Years
.
June
30,000,000
1, '60, 5%
mat.
Notes sold
2,322,969
2,198,062
63,122,376
7,210,044
2,266,794
3,276,216
58,010,005
7,039,899
2,219,554
2,594,985
—
:L^\
to trustee of pension fund
Bonds called
Notes
25,000,000
3,000,000
11,042,158
—«—
for redemption
99,587
106,195
1,270,025
2,573,337
;
payable to subs
billing and payments for teieph. serv._
Advance
Accounts
payable and other current liabilities
Taxes
accrued
Other
accrued
5,334,498
liabilities
Deferred credits
Depreciation
Premiums
reserve
__________
capital
on
surplus
Capital
;
_„
stock—
___
—;
—...;
—
Earned surplus
i
,
—
Total
Loss
,
ix
C
""
\
'X
"
*
*
7" '
'
!'
l'.<
1,1
'4
Bend.x,
of
In
directed
at
of
for
$42,000,000
the
the
•
155,
par).
:
,
payable,
$787,500;
total,
of
important
for
The
directors
the
on
of
declared
that
been
be
will
of
the
with
report
annual
period.
added.
also
was
the
Holdings of
•
of
three
other
issues
,
20
the
other
and
Legal
of
Transfer
of
Cost
and
♦
Receivable
for
at
v
'
1,783
and
taxes
Traders
stocks
&
-«;
(28c..
reacquired
share)
Frank
$5,936,861
yet
on
14.
delivered—
608
$3,785
but not yet
received—
346
147,059
.
$151,190
—___
of
of
Co.
both
March
311
*
.
share
per
also
was
paid
the
on
stock
common
on
v
>
1942
will
154, p.
York
issues.
be
35
-Earnings—
1940
'
*«
f-,
is
April
•
23
made
Oct.
25.
1939
$135,078
t$0.19
t$0.19
income
taxes.
tOn
150.000
shares
$On 750,000 shares of capital stock, $3
735.
dividend of $1.96 per
a
V.
President,
announced
that
of
this
the
has
Drilling
company
Hollow
Kan.
adds:
"The
Hollow Drilling
Co.
has entered "into
operating agreement with the Bridgeport Machine Co. whereby all
oil properties owned by the Bridgeport
Machine Co. will be
managed and operated by the Hollow Drilling Co.,
Inc."—V.
154.
241.
-
on
'
bonds
stricken
be
and
on
from
after
Mar.
interest
dealings
and at
1942. •»:
15,
York
Curb
>
that
fact
the
of
date
conversion;
buy-ins
any
evidence
no
11 hereafter be,
in the bonds.— '
w
transactions
covermg
directors
Feb, 24- declared
.on
share on the common
March 6.
stock,
like
A
an
$5
par
amount
was
interim dividend of 50 cents,
payable March 11 to holders,
paid on this issue on Sept. 20
Dec.
19, last year, as compared with $1 on
cents! in each of the preceding quarters (see
155, p. 498.
June 20, 1941, and
V. 154, p. 1260).—,
Caterpillar Tractor. Co.—-Obituary-Donald."G. Sherwin,
-
his
V.
in
home
155,
San
v
Vice President and a director, died Feb. 11 at,
Calif., after several years of III health.—
Leandro,
539.
p.
Celanese Corp. of America—Regular Dividends—
•
1939, with interest
1,
directors
The
the
on
1940
$1.25
$8,205,877
$7,544,505
Dr6,925
1938,-
,
$1.75
48,491
$8,023,269
5,398,887
1,833,477
783,024
♦520,826
*203,962
13,886
tax
-.L
$1,296,668
Feb.
on
stock,
10.
of
50
cents
per
share,
share
per
$1.75
on
the
is
cumulative
7%
on
the
share
per
7%
March
payable
31
•
Central Arizona Light & Power Co^-Earnings—
781
.
Period End. Dec. 31—
$779,019
$713,594
$2,443
'
;
Oper.
24
Cannon Foundry
Co.
Provision
25-Cent
—
of
dividend
a
cents
25
no
value,
par
In
1941,
25,
the
payable
following
Julv
excess
..•.-serve
March 23 to holders of
distributions were made:
24, 25 cents each; and
20.—V.
Feb.
of
24
v
.
dividend
a
31.
year
1941
the
Jan.
25,
April
25
•
'
•
declared
'
A
of
15
like
,
\
-
.
i,
and
.-.
July
stock,
539,705
-37,750
•
40,000
453,000. ;
——
'
-
.J
.
432,000
'
4
2,9f3.36,896
4,895:
$39,427
$892,532
157
357
.
-»
.
'.34,960*,
.
$99,835
,
were
and
vi
Earnings for
the
Year Ended
excess
profits taxes
Dec.
31,
:
l
50
—„1_
283,000
40,035.
———
i
Co.,
*
share.—V.
152,
1275.
p.
of.Stock, etc.
.
"
1941
$531,870;
-
;
inven¬
policies;*-'$1;:
land, buildings, machinery and tools, plant, patterns, office furniture
(W* Va.)
155, p. 499.
Transit Co.—Contingent Interest
amounting
contingent.*Interest
to 2V2%
of the.
Charleston,
*
of
W.
coupon
Va., on March 1/1942.
No.
18.—'V. 153,*
upon
the presentation and
1125.
p.
Cheney Brothers, South Manchester,
Conn.—Paratfhute
Subsidiary To Expand Plant Facilities—
$83,650
—
insurance
per
installment-of
surrender
•37,500
;
life
Storage Co.—Larger Quarterly Div.—,
Buffalo, Niagara & Eastern Power Corp. above.—V.
An
160,000
$73,865;
$742,399
V ; .V
principal amount, oft the outstanding general mortgage and adjustrnentbonds has been, declared due and payable in cash, at Central Trust
$281,150
...
investments,
$556,345
Charleston
V%_ 7,098
paid and payable—Preference—.
(net),
cents
See
$274:052
—
fees of executive officers
receivable
1-
p;,87.^x
797
Net operating profits of subsidiaries
1
Net revenue from investments, interest and rentals——
accounts
$850,453
108,054
Central New York Power Corp.—Transfer
42,127
9,320
$190,928;
$654,399
108,054
___
quarterly ^dividend of 40 cents per share has been declared on the
stock, par $20, payable. March 16. to holders of record March 6.. •
During the calendar year 1941 the company paid 25 cents per share ,*:
each ouaxter and, in addition, on Dec. 15 made an extra payment of
$629,332
„
Consolidated Balance Sheet, Dec. 31,
-*
1,163.
A
,.-.
1941
——
Balance of net profits for the year—
"
______
common
1—
profits
-
; % $79,678 1,
$20,076
applic; to pref. stocks for the period
»Central Cold
.
the
'
_1
Balance
t-V. 155,
.
apprpvaLof
,
-V-"-
'.
'
;'>•>:
dividends
.
1,199
-
.
17,776
$1,086,3721
,
227,500
:v9,582
$902,889
.18,958 %;% 227,500
-t&H-il750
,10,990
$39,784
18,958
bonds
income
Net
Dividends
i
$1,068,596
10,357
struction—Cr.
„
quarterly dividend of l3/4% on
payable April 15 to holders of
-
$559,054;
44,123
43,961
$99,678
Intv oa-mortgage
Other interest
the usual
preferred
fees
Assets—Cash,
'appropriations.
Interest charged to con-'*"
payable
paid on ?
was
distributions
25, 25 cents,
———
Common
52,369'
586,377',l
25,966
—
re-
Gross income
share
per
1942,
amount
following
i-l-.-.-'L-.
cents
March 31,
ending
quarter
March
the
current
the
.
Net oper. revenues,,income (net).—
Ltd.—15-Cent Div.—
Corp.,
declared
the
record
issue:
31.
Power
for
During
March
,
Cr9,000
taxes...
—
305,571
1
Other
155, p. 595.
stock
also
profits
2,239,956.
292,574
,
154, p. 795.
Northern
cents.
2,565,513
32,528
:I term Investments.-
Chairman and former President, died at Litchfield,
cumulative
207,845
39,143
$4,756,832
$4,793,219
Amortization of limited-
Ginger Ale, Inc.—Obituary—
on
1941—12 Mos.—1940
,
$417,412
Federal
Property- retirement
share
per
and Oct.
25
1941—Month—1940
$479,982
—-
excl.
inc. taxes
for
Other taxes
declared
•
288,165
revenues
expenses,
direct .taxes
profits tax.—V, 155, p.- 360.
excess
AprT
Dry
and
dividend
a
value, and the regular quarterly d.vi5% cumulative ser.es pr.or preferred-,
the
<•
2,358,974
1,823,745
declared
par
$3,148,222
4,796,280
no
share on
dividend
common
$3,099,731
31,011
.
stock,
per
series prior preferred
second preferred stock.
The
and the preferred dividends
are payable April 1,' all to holders of record March
17.^'">•/>>• «/■«
i
Distr.butions of 50 cents per share were made on the common stock
on March 31, June 30, Sept. 30 and Dec. 31. last year.—V.
155, p. 820.
,.
$7,992,258
24
Feb.
on
common
of
stock,
Co.—Earnings
1939,
$7,537,580
holders
15
Directors'
1942,
Mar.
New
735.
and
account
on
1,770,967
this
of
2.
due
the
on
50
March 2 to holders of record
due Aug.
1941
Provision for income and
tories,
the
the full six months'
pay
the
on
of record
1939, together with interest accrued
1,
.
-
redeem
to
will
aga nst
155, p.
per
See V. 154,
share
:>\v:'er;;V. •
are
subject to the
Foreign Exchange Control Board.—V. 155, p. 258.
Net ■
'
%
,
the principal and interest due on that date ,on^
collateral trust bonds w.ll be paid in Canadian
Carpenter Steel Co.—50-Cent Dividend—
4,698,166
last.
Dividends
all the issued and outstanding stock
to
bonds
prevailing
of
par.—-
1942;
10-year 6%
time
same
accepted
regular
Operating profits from subsidiary companies—;
Provision for depreciation
1938
$139,842
t$0.13
15,
1941
$3,474,000-
—$4,448,000
__
Exchange at the close of bus.ness on Feb. 28, 1942.
The New York Curb Exchange states; In view of the
10, at Buf¬
$8,286,627
directors
7%
record
$3,235,000
1942
principal, of the above bonds is payable only in Canadian funds which
may be converted into American
funds at the free rate of exchange
—_____
Feb.
to
on
The
1941
$4,349,000
—_———
fi:
and
Corp.
r
.
Mar.
The
preferred stock, payable April 1 to holders of
This payment represents the sum of accumulated
—
common
26,
1941
$5,892,000 ^ $4,945,000
LU
1942
earnings
prepared
tne
the
50 cents.—V.
Salaries
Federal
and
$15 par.
announcement
the
80,750
directors
the
$3,150,394
1942
To Pay Bonds—
1002.
•
Legal fees
t $0.85
Hollow,
declared
sold-
cents;
Canada
The
17,776,573'"
20,809,888
.——$5,157,112
.
earnings
On
co-registrar
Power
deprec.—
&
on
1941
1942
$25,967,000 $20,926 967
-
"
company's
$6,315,232
$97,132
*
,
revenues:
•Gross
SThe
Canadian Bronze Co., Ltd. (& Subs.)—Earnings—
1941
.
———'————
Power / i lunds upon surrender of the bonds with Mar. 15, 1942, interest coupon
attached to any branch of the Bank of Montreal in Canada.
Company.%
Power
York
Eastern
preferred
Buffalo
Central New
$1.9759 is payable
copper
capital
Both
the
p.
$2
Week Ended Feb. 14—- '
.
and The Marine Trust Co.
Eastern
represents the dividend
March
Conn.,
an
of
payable
155, y. 47.%
5%,
Canada
9,360
$6,466,421
$128,115
Co.. Inc.. of Inman.
The
».
•
Canadian Pacific Ry*—Earnings-
519,592
._
.
share on cap.
H.
also
share,
per
revenue
Traffic
be registrar for New
will
regular quarterly payment of like amount.
Parry D. Saylor,
Bridgeport Machine Co.—Acquisition—
acquired
$1.75
Week End. Feb. 21—
cer¬
1002.
p.
1942
'
V
income
p.
transfer
'
the
29,
a
3 Mos, End. Dec. 31—
155,
York
prin¬
&
i'1,
have
directors
Dec.
$382,966
Brewing Corp. of America (& Subs.)-
V.
Trust
of
provision for Federal
24,
;
not
outstanding at Jan. 31,
charges
Niagara
'
Consolidated
♦After
New
stock
Light Corp.—V.
«
154,
income
record
X\%':
i_
1
capital stock.
Central
Corp.—will
Mann, President, died suddenly Tuesday, Feb.
sales
Jan.
—
—
Earns, per
stock
preferred
Campbell, Wyant &
Dividend—
on
Net assets—Equal to $12.02 per share on 525.250 shares of
$t n*r value capital stock
(exclusive of 279 shares in
♦Net
the
profit
•No
Jan.
187.
of
Operating
the
p.
Net
Gross
.
Buffalo,
&
income
of
1,809
—
for capital stock
155,
1
•
,,,
share has been declared on
stock, in addition to the
per
preferred
revenues
New York Power & Light Corp. certificates
only in the City of New York.
= > •
2, 1942, the Bankers Trust Co. of New York
income
The
___
________
—
treasury)
the
the
from
1,742
_
capital stock sold but
payable
Corp;—-Transfer
corporation,
Power
Light Corp. preferred stocks,
which
Federal
Liabilities—
—V.
of
'
.
,
$1.15
V.
Depletion
on
Total
stock,
Prq. for Fed.
3,452
quotations (cost $7,282,800)—
deposit
—!
_____
receivable
Payable
Power
Calumet & Hecla Consolidated Copper
Cost
marekt
Dividends
Dividends
&
for
March
Other
2,655
I—
___________
-
expenses
•
of
declared an extra dividend of $2 per share In
usual- quarterly, dividend of $1 per share on the
both payable April 1 to holders of record March 2.:
expenses
-
&
to
14,
Rev.
7,283
_________
_.
-
..%>;■
Accrued
record >
of
holders
to
1940 and 1941.—V. 152, p. 1422.
stock-and
2,090
Assets
Total
«.y,
-
Month of January—
.
Niagara & Eastern Power Corp.. and
have done their own transfer work
Corp.
directors have declared
$33,039
_
expenses
expenses
at
31
20 cents;
13,
Light Corp.—three of the
&
Hudson
Buffalo,
Years End. Dec. 31—
$436,819
__
,
_
demand
March
have
the
,to
Operating
76
_____________
agent's fees and
on
directors
dends
•
_
Statement of Net Assets, Jan. 31,
Cash
payable
participating
dividend
Operating
New
distribution
A
1,078
_
disbursing dividends-,.:
Securities,
to
thereon at 5%.—V. 155, pp. 539, 498.
$435,665
___________
_—4_____
income
Power
unpaid dividends due Nov.
Feb.
53,853
Net
shareholders
per
13
of
(Exclusive
1942
;■
.
________
taxes
Miscellaneous
cents
Central
accumulations
record
during the
decreased
31,
—
fee
fees
fees
20
March
(A. M.) Byers Co.—Preferred Dividend—
General
6%
_
_
for
as
of record March, 17,—rV.
extra
An
1260.
The
Oil
Pure
_____________
_____
Total
Auditing
both
of 50 cents per share
was paid on
chis issue
compared With extras of 25 cents each on June 30
extra
Canadian National Ry.—Earning^—
Niagara
directors
Net
Provision
' * 'I
T
declared ah extra dividend of 25 cents per share
in addition to the regular quarterly dividend
cumulative
April 1,
,
while
for
York Power
addition
p.
issues
,
Jan.
—
fees
An
quarterly
The
Investment Securities)
on
—-—
rights
Custodian
$834,203;.
■
dividend of
a
this
1942,
Power
preferred
Total
Management
surplus,
quarterly dividend of 50
cents per share on the common stock, payable March 31 to holders of
record March 2.
On Dec. 29, last, an extra of 50 cents was paid in
dividend
Pont,
du
Axle
were
Ended
Year
Profits or Losses
_:
earned
of
Power
The
dividends and
■
,
Fiscal
Income,
included:
portfolio
Timken-Detroit
Dividends
Interest
„
,
i
Participating, Div.
Canadian Cottons, Ltd.—Extra Dividend of $2—
Bullard Co.—Regular Dividend of 50 Cents—
r
from
Holdings
Taxable
f'
f
participating-dividend
The
Buffalo Niagara Electric Corp.—Obituary—
..
Roebuck,
Sears
•'
».
Income:
|
share,
31, last,
7%
usual
$177,443;.
| -
co-registrar for those of Buffalo,
.Horace L.
annually on
were
representing
undivided earnings,
preferred
of
$16,878;
The Guaranty Trust Co. of New York
•
the fund's portfolio during the three
"
Statement
A
the
"
dividend
regular quarterly
the
from
eliminated
preferred.
par
20,
Dec.
stock,
per
17.
Dec.
on
March
registrar
and
New
securities owned.
increased.
Stocks
York
after
Buffalo
for
^months,ended
Jan. 31, 1942, included common stocks of Dewey & Almy Chemical Co.,
Montgomery Ward
and E. R. Squibb & Sons.
A block of United
were
past
years
Manufacturers
12 months to 76 cents
of
additions to
2,
York
transferred
and
On
of 16 cents per
Payment of these two
Refractories,
on '
$100,.'
1941, a
against
share
per
>
stock,
On
—V.-155, p. 820.'
Niagara
at Buffalo,
have
the shares."
extra dividend of
5%
receipts),
representing their own preferred stocks through agents at the
and at 15 Broad St., N. Y. City.
- -
falo, N. Y.—V.
brings total disbursements for the last
Aircraft
trust
Building, Buffalo, N. Y.,
thereon
New
cents
$395,100; reserve for taxes,..; addition
stock (125,000 no par shares), ^' common
Eastern
&
New
of
entirely
results obtained
12 cents a share.
an
paid
common
25
March
„
stock, payable
common
March
and
some
York
of 5.35%
the 10-year period
shareholders
payment
share and
after
New
special cash
asset value of
on
tne
of
value of the shares on
then
income return over
share,
:
*'
'.»
The directors have
on
$0.01
payable,
declared
20
Niagara
Corp.,
For
the fund will have completed
1942,
15,
Mar.
on
asset
checks-in
per
(outstanding
bills
contingencies,
155, p. 595.
Feb.
Central
Mar. 15, 1932, was $10," it
distributions totaling $5.85, repre¬
senting profits realized on the sale of investments, have been paid to
shareholders.
Also, during this period, regular cash dividends paid to
shareholders, representing net income received in dividends and inter¬
est on securities owned totaled $5.35
a
share.
This amounts to an
interest
125,000
'
3.
subsidiaries
Electric
an
of continuous operation, the report reviews the
during the period since organization.
dividends
28.
Canadian Celanese; Ltd.—Extra and
Co.—25-Cent Dividend—
on
March
and
On
Co.—Initial Dividend—
10 years
to
'
-
$1,257.
Agent—Registrars—
reports
Forwarded
1941
$1.25
pref.
cum.
Week End. Feb. 21—
net assets of $6,315,231 at the close of its fiscal
year on Jan. 31, 1941, equal to $12.02 per share on the 525,250 shares
outstanding at that time.
This compares with net asset value of
$6,282,696 at the close of the preceding fiscal year, equivalent to
$13.16 per share on the 477,545 shares then outstanding.
the initial
125,000$0.24
Montreal
shares of
965,258
record
Buffalo,
Inc.—Annual Report—
Boston Fund.
average
$0.47
Distributions made during 1941 were as follows: Jan.
Aug. 8, 25 cents; and Dec. 29, 60 cents.—V. 155, p. 87.
the
to
1939
have
"Since
for
reserve
Budd Wheel
war
Corp.
"The initial
of
$219,464;
$2,988,152.—V.
Corp.
observes.
125,000
$2.14
.
$164,658; funded debt, $392,900; common
cipal
out
125,000
..
share
Liabilities—Bank
initial dividend of 42 Vi cents per
and the regular quarterly dividend
(No. 2) of $1.25 per share on the 5% cumulative preferred stock, par
$100, both payable March 1 to holders of record Feb. 20.
An Initial
quarterly distribution of $1.25 per share was made on the preferred
stock on Dec.
1, last.—V. 154, p. 1050.
Pointing
$29,850 "
stock
—
per
accounts
the common stock, par $1,
Company
7,453
$58,309
-
6V2%
holders of record Feb.
to
to holders
Power
directors
$267,568
year——
of
dividend,
a
the
on
$2,595.'V distribution of $2.75 per share was made on this issue, as
1,338 v $1.25 in each; of .the; ten "preceding quarters,—V, 155, p. 304.
$37,303
;
$13,762; cash in sinking fund, $162; prepaid charges, $6,196; ,•>
buildings,
plant,
machinery,
furniture
and
fixtures
(net), >
$1,018,691; trademarks, processes, etc., $105,176; total, $2,988,152..
Bendix have mounted
from approximately
1939 to an amount in excess of $156,000,000
require production in 1942 of approximately
the year 1943 production should increase to
Black Hills Power & Light
The
35,156
March 20
hud Sept, 30,. 1941.
tificates
share on
".$93,464
164,658
accumulations
ments,
735.
p.
$432,226
declared
have
of
land,
present the number of employees
has
quadrupled from 10,000 to 40,000, and at the same time the
corporation has established over 300 new sub-contractors.
Even with
a
continuation of emphas's on sub-contracting a further large rise in
employment is forecast for the 20 Bendix factories located throughout
the
United
States
and
should reach 65,000 or
75,000 by 1943."—
V.
The. directors
account
603
<
Dividend—
Canada Cement Co.* Ltd.—Accumulated
$1,992
■-•v.". '.'.'i
Assets—Cash, $64,001; cash surrender value of life insurance, $100,-
of
period
the
82
577
deposit with insurance underwriters, $15,205; accounts receivable
(net), $490,383; due from subsidiary company (net), $1; inventories,
$1,023,878; raw materials in public warehouse-(covered by-trust re-'
ceipts), $148,938; investment in subsidiary company, $1,231; invest-,
$1,000,000,000.
than
"During
$36,726
,
528;
plans
and
$500,000,000,
r
-
*
$33,382
477
Balance Sheet, Oct.. 31,
year
Present
1941.
'
100% to war production.
excellent record of production
sales
the
materials,
-
,
44,924
$431,749
___
,
almost
present
"Indicative
more
'
effort
war
47,694
_____
common
Earnings
accepting the
resigned from
In
has
97,610
dividends
$222,629;
payable,
.
~2*7,807
226,378
.
(no
,
reviewing the part the Bendix corporation is playing
Mr. Breech said: "Operations of the corporation are
statement
a
the
Corp.,
428
27,209
taxes-.
for'
Shares;
Corp.,
where he ' was Vice-President in charge of
appl.ances and aviation and a member of the administra¬
committee.
tion
in
Aviation
the Board.
Mr. Breech
of
Cha.rman
Bendix
220,999
269,536
;" J.
Vincent
succeeding
President,
elected
been
for
Profit
Motors
household
in
becomes
who
Pres.dency
•General
has
Breech
R.
f
2*6,601
invest.
on
income
Total
Reserve
Expand War Work—
Ernest
0
'v
payable
receivable
^
% r'
•>
$295,722
interest
and
goodwill,
and
patents
payable, $79,375;
income and excess profits taxes, $233,889; sales tax payable, $18,919; '.
insurance reserve, $15,758; inventory reserve, $52,287; 5%
cumulative
redeemable i. preference
stock; .($100
par),
$750,000;
common
stock\
(80,000 no par shares), $197,395; earned
surplus, $581,895;* total,
$2,152,147.r—V. ;154, p. 1697.
.
,*
'
;
,
Changes in Personnel—To
—
294,034'J:
79
,
rights,
contracts,
'v-yi
Liabilities—Accounts
>26,065
V
—
Operating income
Dividends
•
,
,
•
$796,429;
(net),
$2,152,147.
1938
fy
$381,594
$511,628
.379,466
v'r v:
-
r
Depreciation
1939
.
r-
i
___
249,571,461 239,126,902
—
>■'
interest
fixtures
total,
$1;
1940
-
-
$1,063,737
expenses-..
sale of auto
on
Bond
«~^V. .155, p. 187.
Bendix Aviation Corp.
other
and
7,500,000
25,000,000
3,000,000
9,933,054
207,987
104,987
1,150,606
1,967,685
3,536,516
.2,299,652
2,447,072
___
bonds series D, 3 'A %
maturing Aug. 1, 1947, 2%%
Notes
1
—
in treasury $7,000,000)—
(less
1941
31—
Oct.
trad'g
Selling, delivery, admin,
*
1st mtg.
Ended
Gross profit from
30,000,000
7,500,000
1,'57, 5%
May
mat.
bonds series C,
mtg.
82,114,900
83,249,200
and
Silk Mills, Ltd.—Earnings-
Bruck
V,:
par)
Monday, March 2, 1942:
..The
of
its
Pioneer
Parachute
production
Co,,
facilities
at
subsidiary, is preparing for expansion
Manchester, and in this connection has
a
organized still another affiliate to be known as the Atlantic Parachute
Co.
The new company, it was said, will be stablished at Lowell, Mass.
—V.
144, p.
1951.
,
•
•
-
*
,
Volume 155
-Number 4051
915
Chesebrouffh Mfff, Co. Consolidated—Extra Dividend
~
An
extra
dividend
both
dividend
of
$1
payable
ments
—V.
have
50
cents
have
share
per
March
been
154, p.
of
to
31
made
been
holders
each
share and
per
declared
of
record
quarterly
common stock*
the
on
March
since and
quarter
1261.
Chrysler
Corp.—Obtains
$100,000,000
Credit—Re¬
volving Fund/Arrangement Over Five-Year Period—
Similar
6.
March
incl,
;///••// /i,,'//./
f
Railway
five-year period,
1939.
^
175 commercial banks
ordinarily does business will participate.
of its kind arranged in recent
pany
Chesapeake & Ohio Ry.—Carloadings—
;/+•/.;./,/(,; '/./> >
."Times," Feb.
■
./'
T
Received
Total
V'■•••.
/;.
Chesapeake & Ohio Ry.:
.Originated
..
from
.1 Feb. 21,*42
23,568
—
.
23,030
-"t 9,445
9,485
'
\
N. Y., Chic. & St. Louis RR.
33,053
^
,
'
+
:
2.3
0.4
1.8
33,756
23,566,
'
/
L
;
6,897
14,441
1-
>i 4,907
12,891
21,338
17,798
//"••
+40.6
+12.0
+19.9
—
:L—
i
-
Marquette Ry.:
Originated
Received from
——_
,
*
-
4,780
conn.—.-
6,234
■
/it
»>•/ 5,345
'Total'———'
:
i
Total for Three Roads:,
.Originated
i
Received from conn.—1-
,
I
> —> 2.7
-j-V" - Earnings
Jan.— ■■■/: i.
•//-"■•■/
+ 4,3
33,789
-
" 28,741
62,530
for the Month of January
V
1942
'
1941
v
Net
ry.
\.Trustee
The
"'
1939
At
+ 3,465,628
equipment, trust
-./
with
Loaded on
1
1
'
-
.
V
•
.
'
i
'
'"
22,281
;
155, p.
in
of
the
available
option
case
its
in
of
situation
S.
what
it
arising
Government
believes
it
stock,
Street
to
report,
will
be
to
in
it
foresees
a
under
in
,// ':/;">:/+ Ended
7
Period—
large
with
its
Rents
Profit
from
operations-
credit
Other
Dec. 28,'40
Dec. 30, '39
$2,656,432
$2,492,662
Total
Prov.
for
Spec,
amort,
$2,487,519
172,184
158,242
depreciation..
of
188,321
defense
and
has
/
/
*_•.
per
share
interest,
Federal
1"''
*
/;
I
!
•
income
$62,726
etc.—V.
profits
Mlscell.
Prov.;
income
$51
-Earn.-per sh.
*Includes
In
.
/'1,997
/
:
\
,*
v
:
$1,498,931
$1,583,670
:
1,034,523
....'•
179,917
;
City,
Co.
dated
the
upon
Interest
after March
or
on
will
purchase
/
: 179,917
of/$400,000
:/':/•■///■ !.• •// ,/;■
taxes
1941
in
and
1,
advances
wholly-owned
to
preferred
on
foreign subsidiaries,
(net),
1940
$11,604,813 $10,477,231
4
payable
par $5,
four
March 31
3,288,525
3,145,050
I
.
$7,332,181
6,958,860
6,958,860
6,377,719
$1,357,428
41
loaded
on
the
road
Milwaukee
received
and
from
connections
and
corresponding week in 1941
(5
'31,183 for the week ended Feb-. 14, 1942.
loading days)
-TC*
receivable
'.v/+
-.f
<*'*■;+yCars-lSkded'Rec'd
Week Ended/?Z*?V.*:,,-bn line
*
'Feb.
from.-r Loaded
233,440
10,903
-
-Funded
34,343
Accounts
.'Payroll
banks
and
.Jan.
2 to -21,
—V. 155,
p.
89,949 cars
1942_____^------i--i------
loading days) /;
loading days);//
(17 loading days) ;.
■Reserves
.
+'.«(./■ ::-ci.:
.821.// K-UV.V+W+'S
Other
-Chicago & North Western Ry.—Equipment Trust Of-/
fered—The First Boston Corp, headed a banking group
3,338,010
154,814
which
on
Feb. 26
was
awarded $3,750,000 10-year serial
-
-
;•
/
"After
The
vision
50,000,000
as
726,333
402,588
293,113
6,565,100
4,460,485
'
mediately at prices to yield from 0.85 to 2.80% for mar
turities from 1943 through 1952. Other members of the ./
banking group are Harriman Ripley
.
and
& Co., Inc;,. F. S.;
Moseley & Co. and .Kidder, Peabody & Co.
retirement
in
A
.
1941
par
doubtful
1940.
bv
of
'
The
issue
will
be
known
as
the
•Cars Loaded—
-
.
.
••./
*
.
^
accounts
'/
254,989
20
•
•
.
75,953
and
59.495
of
line
'■ »* 16,696.
.18,152
—13,043
,13,560
————
Connecting line
V—-
"v"
shares.
in
10,517
The initial
cents
per
March
Aircraft
-capital
Feb.
.
29,744
Total
—V.
155,
p.
821.
■
•
';•••/•
v-31,712
'
/
23,353
'
stock
dividend
is
is
from
of computing
2,324,564
r
share has been declared
20
to
holders
made:
of
record
April 5,
a
on
in
provisions
In
10.
Products,
have
been
thus
March
16
per
to
share recently declared on the
holders
of
record
Feb.
27
(no
of
directors elected. Floyd D. Cerf of
Chicago to membership on the board.—V. 155, p. 693.
•
•
1940
the tax
amounted
$3.12
to
Pro¬
primarily
under
stock,
reducing the
share
per
the
Edison
Edison
3 Va%
of
deben¬
remaining amount
report,
of
$3,766,100
these
from
conversions
already
took
$103,276,000 of the $129,431,400 of deben¬
been
transferred
into
stock.
program—improvement in the ratio
largely
The
objective
stock
of
to
debt
accomplished.
Program—Company and its subsidiaries
will
than
more
be
area.
needed
faced
are
with
which includes the proposed instal¬
program
350,000 kilowatts of
urgently
contemplated
surrounding
for
the
new
electric
supply
defense industries in
While the aggregate
the
generating units
power
for existing
of
important
amount
Chicago
and
expended
be
to
un¬
will be
curtailed through inability to obtain materials and
equipment,
nevertheless
the
more
important
projects,
particularly
those involving defense power supply,
are
almost certain to proceed,
even
though subject to delay, and will involve a large outlay.
doubtedly
of
view
In
-
funds
for
uncertainties
under
war
private investment at low
conditions
rates,
it
was
in
the
availability of
considered
advisable
to
provide, well in advance and as promptly as possible, for all reason¬
ably foreseeable capital requirements for a considerable period.
Reserves—In
February,
1941, the Supreme Court of Illinois af¬
firmed
the
the
Cook
of
the Circuit
Court
of
Cook
County, relieving
further liability for the unpaid balance of its
personal property taxes.
In September, 1941; suits
brought against the company for unpaid balances of its
County
full.
personal
were
The
$35,741,306
The
from any
County
previously
in
decision
company
1932
estate,
as
into
substantial construction
inclusive,
of five cents
31%.
1941,
1942,
January,
and
20 cents; June 20
Inc.—Initial Dividend—
the
debenture
which
the common
Marchi
$31,404,055
to
for
the company entered into
contracts
with
14
insurance
companies for the private sale of $25,000,000 of Edison
35-year 3% first mortgage bonds at 100 and accrued interest.
This
transactions has been authorized by Illinois Commerce Commission.
7,
tRepresented by
24%
necessary
$26,155,400.
to
issued
Cook
payable
increased
tax
the method
the aggregate, however,
the
In
/
previously reported).
/ At the last meeting the board of
23
tax
profits
1941.
tax
converted
stated
—has
1941
New Director—
-13,836
income
excess
changes in
of
Act
were
In
of
173.365.038
$212,481
9,956,626
place in January, 1941.
During the remainder of the year the amount
converted was only $70,800, and there is little possibility of further
conversions so long as present market conditions continue.
14.869,340
notes
1940
$21,447,429
5,594,400
.
——
34,581,713
"
On
1941
$21,920,289
/ 12,224,188
37,368,445
of
•//,?.'•■:
par
no
the following distributions were
Columbia
«
Feb. 21,'42 Feb. 14,'42 Feb. 22,'41
Week Ended—
Federal
1941
■■
,
follows:
as
Federal
profits———U
Federal
result of
a
As
.
.
of
rate
for
Total
*
-
were
miscellaneous
and
/
387,189
15,801,575
155, p. 398.
payable
$5,
14.7%
'
■
$29,992,300
Corp.—20-Cent Dividend—
dividend
stock,
215,696,737
...;':.',.'■
$39,738,877
lation
/../•.;"//'/
.//-/ /
94,600
:
for
par shares.—V.
Cliffs
*2.7%
18.1%
580,085
second equipment trust :of 1942 and /
and Sent. 25, 25 cents each, and Dec. 22, 55 cents.
Dividends paid in
will be dated March 15,
1942, and will mature in 10 equal■ annual//
.1.940. totaled 75 cents per share.—V. 154, p. 1146.
instalments, 1943-1952.
Dividends payable M. & S. at office of La Salle
National'Bank, Chicago, trustee.
To be issued under .the Philadelphia
Colt's Patent Fire Arms Mfg. Co.—$1.50 Dividend—
•plan; '
"
-?.•;/
•
:'/ ' '•/
The* issue is to be secured bv new standard-gauge enuipment, esti// The/directors have declared a dividend of $1.50 per share on the
hmated to cost approximately $5,059,750, including 1,000 steel gondola
common stock, pavable March 31 to Holders of record March 12.
Dis-■cars, 500 steel-sheathed box cars, and 250 steel flat cars..
:
tributlons during 1941 were as follows: March 31, June 30 and Sept. 30.
The issuance and sale is subject to approval by the U. S. District
50 cents each; Dec. 20 a year-end of $1.50 and an extra of $4.50 per
Court for :thc Northern District of Illinois, Eastern Division, and by
share, and an extra of $1 on May 15 (compares V. 154, p. 1261).—
•the ICC. /
r
/'/'
3 J i
V. 155, p. 49.
/
Salomon Bros. & Hutzler submitted the second highest bid, offering/100.238 for 2 V2S, and Halsey, Stuart & Co. bid 100.132 for 25/8s.
'; /
t
' >/
Construction
?
169,829
1,995,418
stock, compared with $2.50 per share in 1940.
Funded Debt—During
1941, $3,836,900 of the
—_____—_———-—
—
25.5%
108,362,038
2,355,815
—
tures
accrued liabilities——-.
and
17.8% /
165,189
/
750,000
179,858,157
$207,010
14,553,697
286,863
••
—
depreciation
tRepresented
no
—
.6%
5.8%
9,239,253
-17,147,410
136,035,146
authorities—
excess,
Revenue
■
"
> 750.000
•
Increase
±1940
81,376,502
9,777,006
—
286,863
—
of
Sales
Companies)
1941
594,229
:—
13.1%
1940.
difficulty.
(Subsidiary
Federal income-——^———————
40,871,520
declared—
and. plant_/>^„__—.
reserve
Sold
Gas
247,339,29 1
State, local
1,548,385
Total
reoffered im¬
were
34,499
tures
The group bid 100.284 fore/.
2 V2%- obligations, representing an interest cost to theThe certificates
7
,7 853,221
50,000,000
1_—
and
surplus
of
81,858,725
♦Decrease.
-
equipment trust certificates.
railroad of 2.445%.
/l
in
than in 1940.
Extremely cold
created an unprecedented demand
customers which was met
1942
Total
25,498,900
•
than
1941
revenue
subsidiaries without
utilities—.
gas
25,498,900
1
reserves
Earned
more
early weeks of
179,858,157 173,365,038
—-
deposits
for
.property
in
greater
Taxes—Provisions for taxes
——
l—e.-
Other current
26.4%
the
in
Industrial—interruptible
Other
7,181,920,642
8,119,288,612
4.9%
were
Industrial—other than interrupt.
40,871,520
accrued
Consumers'
914,205,915
Total
dividends
.
7.0%
4.7%
.1%
23.7% /
1,074,821,020
Residential
5~068
1,171,541
———
Taxes-accrued
1 to 21,- 1942j:1___97,980 cars (18
Febr 1 to 21,1941^-i-'_:_^-wiii.:/—/-t-,//90,027. cars (18
915,263,352
1,330,066,691
—„
Commercial —
creditors'
payable
Preferred
18.2%
750,000
100,074
accrued ■;
."Interest
periqd;,/^'//;'>
2,957,976,566
834,195,632
234,715,618
245,798,350
part of house-heating and other gas
Sales to public
10,632
.
-
3,495,428,411
Class of Service—
:.
~
3,646,632
stock *J—1
debt
Increase
6.4%
892,468,891
Therms
2,994,642
municipalities
and^ /tSer.^ preferred''stock=_*_j:--——
/Common
1940
1,166,005,891
utilities——
produced
the
Federal
i94i±/-_::-.-.v^/ is.643 .•1: 8.575
;27,218;/./
; Feb. '14, 1942_::_'_-/t-::./:,-'_--':i 7; ;,21,686
•
'9,497
31,183
Revenue cars loaded on the Milwaukee road and received from con-
i..
and
•
•
Subsidiaries)
(Including
1941
1,240,262,917
/
—
authorities—
by the company's
750,000
—1
Feb,- 22,
t',Feb.
Electricity Sold
—;
$
4,000,000
receivable—
charges.
Liabilities—'
stock
company's
the
of
shares
153,476
therms increased 14.7%.
Sales to industrial customers, both
interruptible basis and on a firm basis, were 24.6% greater,
an
on
3,384,000
.
and /
•"
./. nections during the,
of
railroads
weather
1940
24,857
-1 received-
^'/
1941,
and light—
public
revenues
in
on
.
3,071,571
I—
—____
—-——■
in/liquidating
..Deferred
■
'"-connections
in
rural
and
electric
Gas
gas
13,478,083
<
+
,
,
3,384,000
matured interest—
from
..
conversion of $3,836,900 of debentures.
The number of
shares, therefore, increased from 12,565,140 at the end
12,718,616 at the end of 1941.
power
to
Electric
$28,214
3,375,154
totaled v;
27,218,
Small
160,171,675 148,223,464
w.th trustee— / 7 152,020
149,235
notes
,
Commercial and industrial—
*
/
$
plant
accounts
Report—Charles
Co.—Annual
income
Service—
Residential
$448,205
1941
'
34,343/
Dec. 317,
~
Balances
Chicago^ Milwaukee, Sti Paul & Pacific RR.—Loadings
the Week ending Feb. 21/ 1942" (6 loading days) "revenue' cars
$954,462
•„
Accounts
For
to
1940
6,377,719
f
Consolidated Balance Sheet,
and
•
$6,825,924
$97,726
Deposit for payment of
Inventories/-—---..
stock,
1941, /;
1,661
Drl73,497
wiped out the net gain from operations, with
decreased from $29,170,756 to $26,747,901.
than
net
issued
Kilowatthours
2,582.943
$8,316,288
,
Quarterly dividends of $1.50 each were paid.—V. 154, p. 451.
r
''
•'
Edison
Total
/
Assets—
H
March 21.- .In
holders of record
to
the
Class of
$9,408,867
non-operating revenues of $36,718 in 1941 and
1940, $44,264 in 1939; $50,870 in 1938.
,,/'/
Other
A dividend of $1 per share has . been declared on the common
v
through
1938
•
that
were
outstanding
5,783,787
$147,249;
sf:
1939
,
•V
1,661
Drl73,497
surplus
in
as
result
There
and
stock
//
at
797,230
Chairman, states in part:
taxes more
the
/■"/,.
- v/ /.
♦Includes
$1;-..,?
1,194,403
''
949,404
// /''
' '
Federal
due
surrender
Sales
$185,000 / 7?; Balance
Property
$1 Common Dividend—
;
and
and
$7,056,586
.
„
1902,
1942, should be detached and
^77
payable, $330,624; accrued salaries, wages, and
Xash and securities on deposit
accrued taxes, $275,176; reserve for Federal
Cash on hand
and in
banks
•\ income
and excess profits taxes, $1,100,000; reserves, $86,000; capital
Time deposits
//•stock .($5-par), $900,000; earned surplus. $4,805,279; cost of 83 shares/"Accounts and notes receivable—
of .capital, stock in treasury
(Dr.),/$850;' total/ $7,643,478.
tyyiQZjf. "Dir. S. Treasury notes—tax series B..
.commissions,
1,
Federal
and.
common
Liabilities—Accounts
c.
March
presentation
Other
in
500
1,054
>1,293,486
-
;
1940, both output and revenues reached record high
operating revenues increased from $154,805,524 in 1940
to $165,482,143 in 1941.
Part of the gain in revenues was offset by
the direct cost of
the greater output; part by increased labor and
material costs.
However, an Increase of $7,861,962 in provisions for
'
$1,1,61,177; inventories,
$457,002; land, buildings, machinery and equipment
523,563; deferred charges, $80,493/ total, $7,643,478.
1941
income
Divs.
532,651
.
$92,842,942 $92,847,182
1941,
Illuminating Co. (& Subs.)—Earns.
.
/
Dee/27/|94i;/^f///:-;-//•■"/-
cost,
*
—
525,452
Total
'
;
"38/924
850,404
850.651
1
152, p. 2019.
In
1, 1942 (the date of maturity),
bonds at the principal amount
such
due March
coupons
Cleveland Electric
Net
119,959
364
■
Large power and light—
T 179.917 ; *v 179.917
$8.80 v// /$8.65
•
Balance Sheet,
and
Coke
that
$12,840,373
// 899,555
Assets—Cash, $2,308,758; '""accounts' receivable,
in
Y.
N.
corporation
Interest
$2,075,394/ cash surrender value of insurance on life of officer. $37,090:"investments
&
announces
$1,557,061
/ 1,079,502
168,346
...
—
accrued—-——-——
liability
levels.
earnings-/—$35,379,754 $32,031,547 $29,673,728 $27,055,604
Operating expenses
22,539,381
20,426,734
19,196,496 /17,646,737
370,000
i
20,560,000
37,161,046
47,249
liabilities
Y. Freeman,
*Gross
•
$1,927,645
':/•/" '584
-
20,114,000
Total
—V.
of
834 r
,
1,079.502
profits
-r'/^
I
■
;>j 355,000
" * -'^-7
1940.'
1942,
Calendar Years—
.
$1,940,667
stk>/-/// $8.41/./' fc't $8,33 ■/;
on cap,
excess
'
:
706
*700,000
paid--/;
of cap. stk.
outstanding
*
(par
&
Coal
Webster
1,
thereof.
$1,926,811
$1,512,756
—
declared
$2,199,638
*1,100,000
deductions
No. of shs.
,
•:
$2,613,208
/./
453
Tor;Federal taxes
Net
Divs;
of
Ave.,
the
21,370,500
37,971,873
—
Additions to property through income &
Profit and loss I
155,
10,383,400
20,881,500
payable—
wages
depreciation
unadjusted credits
Other
$10,000
10,201,400
■
———
unpaid
interest
tax
Deferred
/ This corporation, the owner of substantially all the property covered
by the mortgage securing the consol.dated first mortgage 5%
gold
*/
$1,940,476
190
and
matured
Accrued
50,000
$2,132,070
67,568
accounts
Accrued
taxes,
V'.'\C' IH
—
$2,583,377
29,831
mortgage bonds, series C 4 V2 %
Unmatured
/of such bonds at the office of Treasurer R. P. Ahrens, 466 Lexington
,
380,001 •'
352,466
T" /-4'"/>^*+/fX+^\ + -:' '/-
-
/.
-
>
>
$10,000
mortgage bonds, series B 5%.
First
the
on
1,275,478
,.-.
mortgage bonds, series A 5'M«%—-
Interest
5,581
1,476,249
—
Miscellaneous accounts payable
:
presented separately.—V. 149, p. 4170.
-1—
/Other income
"
4,929
$92,842,942 $92,847,182
/
/
stock
First
/■'•'
88,144
1,493,366
—
„—„;
See Pennsylvania Electric Co.—V. 144, p. 3169.
bonds
345,297
,
70,466
-
.'.—-
•"
;
15
? 322,725
,
1,401,638
premiums paid in advance
funded debt
on
/.;/••
////'///-fi/:
March
'
Special prov. for servicing products
Profit
179,065
*
'
484,733
.
Total
/
•
.
placem; of tools, etc>
Payment/to employees*
trust
/
18,328
+
15
331,197
38,639
First
arrangement
■'■///•■
,
-
emergency facilities-/
Ma int., - repairs and re-
174,783
/
—————.
Liabilities—
Clearfield Bituminous Coal Corp.—Pays Bonds—
'
r;
1,339,973
■;/" 183,702
assets
Commonwealth
Dec. 31,'38
$3,345,225
63,162
817,581
unadjusted debits
Common
further details,—V. 155, p. 821.
•
depreciation/
305.
Ended
v
and insurance
Discount
118,951'
.47,579
receivable
funds
and other
deferred
~37~179.
;
543,931
—-
accounts
commit¬
materials,
war
dividend of 20 cents
a
24,786
7.
—'
Other
•
5,027
3,600
•
——-
supplies-—™—-————
and
Insurance
war
Earnings for the Month of January, 1942
'V
-
Ended
Dec. 27, '41
+/'///+;>/>
deposits
1940
14,754
sold—
—
Material
with 30 cents paid on Dec. 15, last, 20 cents on Aug. 1,
on Dec. 20, 1940, and on Dec. 1, 1939.
compares
*After
p.
V ?
Ended
mortgaged property
investments
'
53 Weeks
-
/"/• +'v
1941
$87,937,225 $87,939,913
———
—
Miscellaneous
Ry.—20-Cent Dividend—
declared
$243,837
/•/•.
.
Special
..
44,541
$284,996
—i—
General Balance Sheet, Dec. 31
Cash.
tb£ cash it might need to
connection
satisfactory
any
43,631
and equipment property——————
Other
22,503
3,920,114
debt
:—
———
has
14,977
3,892,374
funded
on
charges
Sinking fund
Deposits in lieu of
case
the
handle
produce
a
after
:
Clarion River Power Co.—To Merge—
*
$3,743,326
-—
Assets—
$50, payable March 16 to holders of record March 4.
par
821, 736, 693.
Chicago Flexible Shaft Co.—Earnings—
,•
///-'///
52 Weeks
52 Weeks
52 Weeks
fixed
Road
.last, and 15 cents each
-
47,737
•
212,233
$3,665,986
—_—
-———_—
debt
discount
Deficit
the
;77//7 ./•
funded
on
of
time.
to
tightening
any
-/7/'•-//'//■? :7/:v////;/,/'/'';-/
Cincinnati
/ t'•///•■ ;
30,602
/*Net -income
+:// 17,135
+ 56,714
—
—214,553
—
——
Amortization
Audited
This
38
$3,531,093
Working fund advances
annual
business
States Government,
United
U.
Feb. 15,'41
34,433 •+/.
:
.
income
_
Non-negotiable debt to affiliated companies-
"Feb. 2 to
Feb. 14,'42
Received from connections
—V.
the
//-The directors have
Feb. 1 to
>
4
system.-
Total
second
Interest
''/•■'
emergency
the
to
common
'
them
/r/The corporation did not disclose
Chicago Burlington & Quincy RR.—Carloadings—
.
other
Miscellaneous deductions
another
or
for this purpos.
«v
515
$3,451,433
*
Total income
its regular
/negotiated
thereafter to and including Feb. 15, 1952.—V. 155, p. 821.
Period—
stated
volume
."'///
time
any
ments
2,429,471
3,959,074
—
railway operating income
Total
issue
an
41
?
The
protect
to
Corp.
the
in
one
•meet
/
of New York has been appointed' trustee
of ,$5,150,000 par value 1 %% serial
certificates
maturing Feb. 15, 1943, and annually
for
is
the Federal Reserve Bank at
1%.
,,,/ /:,;///-/.:/;/ ''//;//m//;''V'.//':7??'//;//7-: ;'.?/;/ ?/
Chrysler
tracts
$9,136,438
:: 3,404,917
/•>'':////v/V/'.+•//•/++.'///./-/V/'/
Appointed—
agent
is
now
been informed of the impending credit in
seen fit to participate in the arrangement, but it
so.
program.
vGuaranty Trust Co.
paying
Net
////'i;/?"":
":/
in the past Chrysler Corp. has had arrange¬
depository banks to meet its credit requirements.
' 66.98Q ■
•Chrysler Corp. has currently been discussing with its banks arrange¬
v///-'.' ments designed to provide, in addition to advance payments on con¬
..
.
income^—2,269,633;/+2,831,473
oper,
As
•
30,937
':•<#
1940
.
New
A statement issued by the corporation Feb. 24 follows:
increase
36,043
.t
■
„
4.6
+
years.
Corporation had
ments with
'
65,405
4.9
+
/
railway— $12,081,833 $10,337,673 $10,760,750
railway^.—
4 4,453,817
4,192,739
4,440,911
from
and
•
11,723
.
*
from
Net
-
35,245
'"•'
Gross
.—10.1
/
obviously
not done
6,378;.
>
»
// 1 30,160
.•••*;
-
12,257
11,014
.
I
rate
might have
6
•
York
—_—-——
credit
The
income
rent
.
1940
$523,128
4,054,259
$507,125
—
,
the
rediscount rate of
of the
nance
—18.3
6,405
•
-
is the largest
It
Total
com¬
further states:
would not make public the actual amount in¬
financial district it was learned that the terms of
25,
in
rediscount
banks
4
•
5,852
the
"•money rates, "-v-;/ /./';•,;-j.' /•*'
21,501" 7,/' Also in banking circles it was reported that the Reconstruction Fi¬
-
Pere
The
7,132
14,369
"
Total
but
excess
(Nickel Plate Road):
Originated —
Received from conn.
which
the credit include a commission of V2 of 1 % to the participating banks,
and that interest at the rate of 1%% per annum would be paid by
'corporation for the first three years of the arrangement on the amounts
actually borrowed under it.
7 ; ,/
7
7. For the final two years of the credit arrangement the banks will
receive either the current 1%% interest or an interest rate V* of 1% in
10,190
+
•„:
•
■
.
,
>•:/"
'
+
32,475
;
volved,
Feb. 14/42
or Deer.
v
with
1941
• ^
.+
—
corporation itself
.
% of incr.'/.;/!'
/
Feb. 22,'41
.
conn
——
The
Week Ended
?
Total rents payable
in which
"
'•
tax accruals
The corporation has negotiated a revolving credit arrangement esti¬
mated in banking circles to aggregate $100,000,000 or more, over a
arrangement
.'V.
—Years Ended Dee, 31—
/
pay-,
27,
Cleveland Union Terminals Co.—Earnings—
(The)
..
the regular
and
disposed
company
property taxes for the
of by final judgments
paid
$3,852,730,
which
previously paid for Cook County
capital stock taxes for the years
judgments
entered
in
these
cases
were
years
which
was
personal
1932
in
principles of the Supreme Courts decision in the
to
1933
were
in
1940,
satisfied
to
property, real
1940, inclusive.
conformity
1932
to
addition
case.
with
the
916
and
expense
to
Operating
adjustments,
other accounting
Income
:
Account
$
$
X
$
Gas
Water
!___
Operation
__
Maintenance
laneous
Federal
Fed,
Federal
income
acquire
20,411,338
in
5,879,760
4,834,475
21,447,429
9,956,626
5,594,400 "V
18,172,132
17,876,310
profits tax
depreciation.*
16,942,842
16,867~804
40,564,609
40,295,934
38,580,687
'Other income—
Chicago
38,233,702
income..,..,
oper.
including
Mid¬
and
Int.
funded
on
Other
180,000
180,000
119,587
pany,
will
541,422
593,093
639,123
all
of
the
Gulf
38,734,735
41,402,975
11,196,028
41,197,015
14,104,585
39,519,397
'16,751,563
318,391
722,777
.of
Amort
I.
and
debt
chgd.
Dividends
209,020
22,890,944
_______
share
per
capital
25,414,590
15,804,601
29,170,756
22,078,960
26,747,901
income..
net
Earnings
on
stock
Y
..
$2.32
$2.10
Sheet,
Balance
$2.43
-
Cash
$
S
•'
trustees
Deposits
for
cost
12,846,104
tDebt
;
—
21,530,000
16,977,807
18,226,703
458,327
Other deferred
29,934,610
39,021,721
charges
Prov.
I '
($25
Funded
1
interest
Int.
for
and
5,087,421 V
and
Net
reserve
reserve
in
1940.
Income
12,060,039
Illinois
8,728,895
1,651,051
20,556,264
principally
lives of refunding or
for
*'i
:
in
46,723,408
34,667,361
1,313,364
.2,988,666
749,827
563,537
648,727
Accrued
served
1941,
for
the
increase of
an
week
compared
as
with
ended
business
Calendar
Years
'J S
"1
(electric)—
refunded
to
of
in
on
directors
thq
$6
March
Feb.
on
series
13.
regular
the
issues
Company
A
declared
24
payable
of. like
amount
made
this
on
issue
of
75
101,416,619
37,971,709
—;
4,610,541
4,872,090
per
Earned
15,427,073
6,272,000
4,233,629
depreciation—,
10,597,265
10,342,068
'Net operating income—'
22,420,190
24,132,646
Federal
profits taxes
excess
-Provision
for
each
-v
■
of
the
27
the
and
funded
interest
Amortiz.
of
of
1,
dated
disct.
The
159,000,000 kwh.,
8,384,628
10,685,646
ing week of 1941,
45,181
64,580
749,900
786.095
400,000
501,533
28,372,3 20
Balance
Sheet,
31
Dec.
22,079,960
(Company
30
'
H.
increased
from
15,804,601
;
1940
.
'$
,
$
Property, plant and equipment
Cash on deposit with trustees.—
of St. Louis,
added.—V. 152,
Devine,
have been
220,813
201,307
Investments,
212,950,835
212,718,009
32,061,698
34,989,604
at
cost
less—
or
——:
Deposits for matured debt and interest——_
142,901
first
and
1,
and
par
refunding mortgage 2Va, 2l/2
have
1941,
interest.
been
Payment
and
Feb.
on
24
system for the
per
compared
consider
.Prepaid insurance, taxes and other expenses.
♦Debt discount and expense..
Other deferred charges
v
Total
729,272,885 724,093,542
—
Liabilities—•
Funded
debt
Accounts
.
—
debt
.Accrued
—
______
240,807,400 244,647,300
^
payable
Matured
interest—
142,901
liability for addit.
tax
;
reserve—
90,562,810
10.572,190
1
1.850,000
1,300,000
756526
685,803
41.131,836
——
♦Applicable
566 241
95,991,114
35,524,664
729,272,885
724,093,542
surplus.
Total
766,757
327,782
Insurance and casualty reserve——
•Contributions in aid of construction..—
.Earned
19,707,579
1,009.263
.
Sundry current and deferred liabilities——
Depreciation reserve
Undetermined
1,789,428
23,722,788
____■
deposits
204,475
1.722,232
taxes
Customers'
3,637,765
3,845,643
and
interest
Accrued
1,131,255
385,519
_r—_
to
refunded
issues and being amortized
tAfter reserve.—V. 155, p. 823.
refunding issues.
lives
over
'of
Community Power & Light Co.—SEC to Reopen Hear¬
on Plans for Corporate Simplification—
:
ting
The
.the
and
Securities
hearing on
Light Co.,
Service
;.Co.
Co.,
will
.office
to
structure
system.
of
be
; Public
issued
the
26
Power
11
plan
of
Feb.
13
Community
that
Power
Inc., Southwestern Public
Co., and Gulf Public Service
Utilities
the
filed
announced
70-282)
Utilities,
for
Community
proposed
(File
Feb.
on
plan
under Section
the
Service
to
a
companies
Public
Commission
Public
Mexico
reconvened
consider
of
the plan
Under
Exchange
application
General
Texas-New
The
General
and
the
amended
an
(e)
at the Commissions Washington
simplification of the corporate
and Light Co. holding company
•
of
the
Community
application
Holding
Power
for
•
Company
approval
on
to
Feb.
the
Light Co. and
Utilities, Inc., are to- be merged .into Southwestern
Co. and the common stock of that company will be
holders
of
the
common
stock
a
of
'
Community
:
c
<
.
,
Power
nt.-
J.
F.
and
Gas
issued
has
The
Public
JEstimated
Corfc.—Proposed Trans¬
' VV'vl;
Electric
&
an
reconvening
order
transactions
United
proposed
in
a
hearing March 10 to
with the disso¬
connection
Light
Company Act of 1935,
Said order pro¬
make application to the Commission
were necessary or appropriate
lor that
purpose,
and the Commission reserve jurisdiction to enter
such further orders as might be necessary or appropriate with respect*
"to other matters in this proceeding.. : . -v
Continental Gas & Electric Corp., a registered holding company and
the
for
3%
called for redemption
will be made at The
Utility Holding
such further orders as
entry of
subsidiary of The United Light and Power Co., and Eastern Kansas
Inc., a newly organized Kansas corporation, have filed, on
12, 1942, an application designated as "Application No. 9" pur¬
suant to sections 6, 7, 9, *10, 11 and
12 of the Act and Rule U-50
/Utilities,
Inc.—Output—
production
of
the
Feb.
electric
22, 1942, amounting to
kwh. for the correspond¬
155, p. 823.
and
respect
24
declared
the
regular quarterly
dividend
'subject
of
to
Utilities
the
Co.,
of
ments
released
Net
Feb.
all
Kansas
.
the
consideration of $2,300,000, subject to adjust¬
for the net current assets less cash, of
does not propose to acquire- such utility assets
but proposes that Eastern Kansas, which*
Continental, acquire such utility assets and other
Eastern Kansas- secure the necessary funds for
such acquisition through the subscription and purchase by Continental
of not to exceed $1,500,000 of the common stock of Eastern Kansas
and
the
issuance
and private sale ..of $1,000,000 of first
mortgage
bonds by Eastern Kansas in order to raise the balance of said pur¬
other
was
organized
chase
■
after
thereunder
follows:
purchase price
Continental
and
for 1941 were the largest in its history, aggre¬
21.
income
Rules
company,
lor
the
seller.
or
of Community Power and Light Co., a.whereby Continental agreed to purchase,5
the
approval of the
State Corporation Commission of
of this Commission, the property and assets of The Kansas
subsidiary
a
holding
Kansas and
holders of record March 2.
16 to
regular
Act
has
Co.,
registered
Trust, Boston—Regular Div.
of. the
various proposed'transactions summarized as
entered into a written agreement with The
to
Continental
sections
applicable
other
any
with
$136,652,016, an increase of $35,612,543 over those of 1940.
Hartlieb, President, informed stockholders in the annual report
by
that
detailed
forth
charges for
property directly,
and
price.',:;'
The
the year ended Dec. 31, 1941, of
$7,469, 684, equivalent to $2.62 a share on 2,853,971 common shares
outstanding, compares with net earnings of $8,953,632 for the pre¬
ceding year, equivalent after deduction of dividends on preferred stock
then outstanding to $2.82 a share on the same number of common
shares.
The reduction in earnings was indicated as due principally to
higher
costs
for
labor,
material,
taxes,
etc.,
taxes
alone
totaling
$6,917,760, including $4,724,612 provision for income and excess profits
as
•
Vv-:
.
transactions
follows;
more
are
:Y
v-
•
particularly summarized and set
*
•
.
capitalization of 15,000 shares
- (par
$100), proposes to
issue and Continental proposes to acquire-for cash such 15,000 shares*
of-common
stock.
In connection therewith Continental proposes to
assign to Eastern Kansas all of. its rights in, and-Eastern Kansas
proposes to assume all of Continental's obligations under, the existing
agreement between Continental and The Kansas Utilities-COi cover'ng
taxes.
• ■<
•'■)
the sale of tire latter company's property and assets.
The $1,500,000
.received by Easterp Kansas for its stock will be used to pay in part
Aside from its wholly-owned subsidiaries in Canada and Cuba, the
;,for the property and assets, of The .Kansas Utilities Co. to be acquired
company's remaining investment, after reserves, in foreign affiliated
under the contract assigned to it hy Continental.
companies (not subsidiaries) amounts to less than 1% of its total
V
(2) Eastern Kansas proposes to acquire all., of the property and
assets.
'
•
■
assets, except cash, of The Kansas"Utilities"Co.Vconsisting principally
In discussing the tin situation, he said that the country's total supply
of facilities for the generation, transmission and distribution or elec¬
of tin at the end of 1941 had been estimated at about 140.000 tons)
tric energy in the counties of Allen. Anderson?; Bourbon.'Coffey, Linn,
and that the can industry normally used over half of all the tin con¬
M:ami, Neosho and Woodson in Southeastern Kansas.
The acquisition
sumed
in
the
eountry.
Referring to Government measures taken
.will, also include certain non-utility properties, consisting of An Yctf'to conserve the
supply of "tin, Mr. Hartlieb called attention to themaking plant in Chanute,; Kansas, a refrigerating storage plant in
order issued by the Government on. Feb.
11, 1942, limiting the use
Burlington, Kansas, and a steam heating system in Fort Scott, Kansas.1
of tin, tin plate and terne plate by can manufacturers.*.
The consideration for such acquisition is' $2,300,0(50 *in cash plus such
In commenting on the outlook, he said that it may be assumed that
further sum as shall represent the 'net current assets of The Kansas
the increased production of essential foods will require that production
"Utilities Co.
V
.''""J";,
l.i'■ ' .'
of packers' food cans be maintained at high levels to meet essential
"(3) In order to provide the additional funds necessary to purchase
the property and assets of The Kansas'"Utilities Co.
civilian and military needs.
Similarly, many of the general line cans
and to provide
produced by the company are required to meet--the same essential
working capital, Eastern Kansas'proposes to'^lssue" and sell privately
needs but the use of tin plate and terne plate in the manufacture of
to The Northern Mutual'Life Insurance Co.,
at.a price of 101 plus
accrued
interest
to
date
of "purchase,
$1,000,000". of first mortgage
general line cans will be curtailed under the Government's ruling. He
indicated that it was hoped that the loss in volume in tin plate and
3Va%
bonds, to be dated Mafch 1, 1942. ': maturing March 1",
1967,
terne plate cans could
secured by a first mortgage on all of the fixed" property to be acquired
be kept at a minimum by substituting black
from The Kansas Utilities CO.. and' all other fixed property then or
plate and other metal containers wherever possible.
•
Eastern Kansas, which now has a
(1)
of
authorized
but
unissued
common
stock
-
,
,
.
.
•
equipment and
improvement in facilities which was-voted ip. 1940, the -company ex"pended during 1941 the sum of $11,473,051 on new property, plants
and improvements, 6%. of which was for new equipment, Mr. Hart.Under
the
.
"
•
-
During 1941 the company paid its 100th cash dividend on
i
mon
stock.
:stock
to
the
has
thereafter
three-year program for new construction,
.lieb reported.
Act.
and
cumulative preferred stock.
that the respondents should
vided
ending Feb.
152,500,000
increase of 4.2%.—V.
an
sales of company
gating
6,987,292
22.314,043
130,486,053-
depletion and depreciation of $27,555,538 in 1941
in 1940.
tAfter allocating $20,000,000 to the redemp¬
certain
of
the
of
V
Continental Can Co., Inc.—Annual Report—
11,454,297
326,567
16,501,932
tReceivables
Materials and supplies, priced at average cost—
t299,839
19,100,060
and Power Co. 'The Commission, by;
order entered on Aug. 5, 1941, ordered among other things the dis¬
position of various properties and assets pursuant to section lTr(b) (1)
New Orleans, La.—V. 152, p. 3178.
announced
week
with
share, payable March
addition
Net
204,475
9,785,134
———
SEC
property
26,083,507
900.555
obligations, at cost.
18,400,000
11,590,033
:U. S. Government
718,337
for
200,000 shares of $4.50
lution
426,392,417 407,624,234
Cash
$27,358,723
The
quarterly payments of 30 cents each
made during 1941, the following special dividends were paid: March 15
and June 16, 10 cents each;
Sept. 15, 20 cents; and Dec. 15, 70 cents
(see V. 154, p. 1190).—V. 155, p. 598.
Only)
1941
'
its
trustees
cents
In
"
Assets-^-
company
of
The
22,890,944
57,079,420
141,780.886
reserve
Utilities
22,611,286
'Dividends
J.
company,
Consolidated Investment
326,700
V 26,095,503
_^1__1—_i_—
income
_«
actions to Be Considered by
236,882
750,000
20,000,000
a.
9,459,496
charged to construction-—Cr.^.1
and
Boston,
been
Consolidated Edison Co. of New York,
24,533,713
33,993,209
expense
21,000,000
payable currently.-—V. 155, p. 261
9,991,602
8,144,816
and
of
for the
March
at
12,937,249
charges
debt
of
$6,000
1942,
37,069,895
debt
1.628,371
57,079,420
20,302,186
20,861,869
($20
surplus
tion of
,
preceding
Congregation of St. Anthony of Padua Roman
bonds,
March
plants
on
4,404,525'
2,253.963
f-
\
j
has
company
American Bank & Trust Co,,, trustee,
;
.175.000
1^-^-—.
sinking fund debentures...
preferred
surplus
VAfter
-
*.
34,635,500
_______„
this
of
Solar,
manager
12,215,310
income
Interest
directors
William
total
serial
•'
income
Gross
of
district
(The)
A
14,613,655
8,799,000
4,466,000
225,000
V
1,788,925
1,912,563
677,140
21,000,000
price decline, cb. insur., etc;.—
Common.stock
Capital
share
record
Catholic Church, New Orleans, La.—Bonds Called—
4,988,838
15,256,968
...
Federal income taxes_
14,
1744.
v
96,333,146
39,370,742
State, local and misc. Federal taxes;
to
P-
,
41,012,097
175,000
$4.50 cumulative
v
107,162,061
Operation
Maintenance
.12
Only
$
invent,
Total
cents
April 1 to holders of
(which is one-half of
in
155, p. 823.
board
western
1939
;
3,601,538
5,869,403
payable.-I—;.v——
for
25-year 3%
of
(
,
dividend
a
preferred stock,
payment
rate) ,w»s
The
and
$
'■■■
..'
17,906
^14^80,88ft 130,486,053
past service annuity premiums.*—_
Premium on sales of 25-year 3% sink, fund deb.
Compo Shoe .Machinery Corp.—New Directors—
.
.
'■1940
1941
35,018,9541
.
,
—-
Continental
subsidiary
1941 and
issues,
•
liabilities__._-----.-w-r_.-,—6,114,381
for
Res.
3,868,079
Feb.
Declares Preferred Dividend—
Vv The
2,600,000
Ry.
$1,685,339
—j&Z.
"
T
i
dividends
Preferred
19,
1942,
amounted
to
for the corresponding week
6.40%,
or
.
43,471,672
11,192
4.Past service annuity premium..—.
185,910,987
11,891,859
,
loans—6,000,000
Bank
8,997,757
conditions
31
Dec.
at
——
Liabilities—
of subsidiaries of
energy
Balance Sheet,
—.4——
interest
Total
? ■"' ■' V
%:<■'-:■■■' ,■"
■
"
cost-—^_i4^ 2,587,370 X 2,158,106 :
Other security investments, other investments,
*
. -1'' ',
mortgages, notes and accounts receivable
4,256,220 " 5,023.577
Deposit with mutual Insurance cpmpanies-:____ ;^1 343,949
336,929*
♦Property, plant and equipment—'61,940,414
56,666,275 '
Prepaid expenses and deferred assets—,
599,921
1,054,119
12,865,836
3,058,161
-
profits tax."".:* flncludes $1,700,000
!''■>,'''■
.,
Security .investments,
36,096,527
1,398,544» 12,056,047
749,818
8,997,886
excess
^
Inventories
48,962,363
3,066,218
; $494,865
L
2,853,971
' I- $2.17
2,853,971--2,853,971
$2.82.
$2.71
'
1,723,821
refunded
V
revenues
provision for Federal
profits tax.
Consolidated
18,380,637
4,387,210
5,707,108
$2,028,609
$2,346,208
2,853,971
share.$2.62
■■
1,682,660
1,809,546 ,/
pref. stock
on
territory
40,515,079
Midland
of
reserve
$1,761,860
par)—
••
9,624,888
782,700
—^
income
.197,802,846,
10,572,190
1,799,260
i' '--'■
>■
■
Operating
i
15,828,239
1,181,499
this
1,289,156
3,000,000
&
tAfter
fApplicable
over
Account
'
i"'
Chicago
of
consolidated.
being amortized
v
1,293,013
1,274,738
900,000
5,707,178
I
out-
stock
($20
900,000
900,000
V •' '
:
1941 :: ,
1940
Assets—.V,;
$
s
Cash on hand an demand deposits at banks___; $7,973,873 $10,175,986
Notes and accounts receivable.: 20,596,274
20,034,201-
S.V
1,230,671
V >
1
Subs.)—Earns.
"$
>
5,707,824X 5,707,424-1
^
per
♦No
.
excess
1942—12 Mos.—1941
r
1
The weekly kilowatt hour output of electric
corporatioa adjusted
to
show general
>.
2,562,794
45,031,844
**4;
————
$6,608,500
not
$1,660,613
l
Earned
■
875,134,337 864,914,519
♦Includes
Net
(&
■'
deducts.
^
$7,101,973
..V
-I--:-'■
$4.50 cum.
com.
standing
$100
'
1,387,278
Weekly Output—
;
26,613,493
-
Total
company
Int.
stock,
—1-4,379,582" 1
other
449,464
$8,635,787
$7,469,684-: $8,953,632
—
on
Surplus
Shares
59,984,591
14,600,816
amortization
quarters.—V.
Other
;
trans¬
70,436,156
-
200,000
dividends.....
Reserve
1,508,656
1,093,263
143,127,954 133,611,759
——
liability for additional tax
Insurance and casualty reserve——
aid of construction.
Other
Corp.
1,647/780
sub.
income
Common
Guyon
5,172,715
_
362,891
:f
;
1,644,049
___.
Contributions in
'
and
assets
145,005
1,519493
con-
on
Accounts payable
4,330,632
261,662
2,450,526
_a_
Sundry current and deferred liabilities—.
;:
'''Si-'Vfy
6,117,131
profits
14,724,613
pref.stoc'ki^v^tfiv-i
deprecia¬
income
Gross
220,248
32,438,949
Earned surplus
exch.
Divs. decl.
153,235,956
income
tion
321,035,400 324,875,300
*
Customers' deposits
Depreciation
Co.
their
preferred
1942—Month—1941
Balance
taxes
Undetermined
and
98,8U
♦3,281,989
^
other conting.
assents of forgn.
Net
to
174,333,001
excess
Provision
546,908
198,609
Accrued interest
Accrued
for
317,965,400 314,128,500
__
.__
and
Utilities
66,510
•
[Version of net current
x'
for $7,250,000 from
outstanding securities of
the
cumulative
Southern
&
taxes._ii_
wv'.'n?"
i •*!
'
116,071
601,786
.
for invent, price
or
for
.
____________
debt
of
for
Accrued
'.
•
par)
debt
Matured
transferred
1376.
p.
expenses *—_
taxes—Gen.„,
Dividends
_T____
Accounts payable
.
be
14,468,188
Federal
.
Minority interests
will
exchange
com¬
16,198,946
Federal
•
875,134,337 864,914,519
__
•Capital stock
1
1,328,284
expense
TotaL
y"'.. Liabilities—
prin¬
Co. and
11,585,938
_________________
taxes and other expenses..
and
shares
85,000
revenue
Operating
17,604,699
1,303,266
supplies..
Gross
30.116,486
____*:
discount
and
notes
value.—V. 154,
Period End. Jan. 31—
362,891
at cost
tReceivables
Prepaid insurance,
$1,305,000
1.252,537
$8,894,759
680,048
801,444^ :
purchase
of
Cimarron
J-$
12,6-11,462
•—.
interest
and
debt
U. S. Government obligations,
Materials and
decl.
Prov.
848,492
$12,912,153 $12,502,131 $10,703,255
etc.
;
46,576,742
261,662
less
or
matured
the
securs..4'^~—
on
and
Approp.
Co.
and will acquire
recapitalization.
The assets
Texas
will
all
1,308,466
$7,642,222
Int.
its
and
Service
v
Co.
Co.
348,999
$9,854,764
paid or accrued—
on 3%
debentures.
of
debt,
funded
retired,
Public
■
Light 'Co.,
and
in
:
,
,
351,612
income--—
Interest
and
Co.
loans
recapitalized,
These
'
43,332,723
♦Investments—at
Service
Electric
Commonwealth
'
r
730,039,678 704,912,078
229,457
247,310
equipment_______——_.
with
Co.
notes
—-
investments,
Total
liabilities,
Light
bank
its
stock
companies will be liquidated
to Southwestern ^Public Service Co.''
serial
par
$2.37
1940
:"V.
deposit
on
the
and
Provision
purchase
be
1938
.' 442,365
„or .accrued
••
*v: \
'
to make the purchases and retirements proposed in the
plan, Southwestern Public Service Co. will issue and sell $18,000,000
,of first mortgage and collateral trust bonds, $5,500,000 of unsecured
31
Dec.
Assets—
and
of
liquidated,
under the
Co,"'located
Service
Public
Power
Co.
to
company
;
"
income.... $12,110,709 $11,822,083
and
int. rec.-:. ■'•• '<>•
Dividends
'
mortgage bonds of Gulf Public Service
all the outstanding securities of that
Service
Public
&
all
Southwestern
will
Years
1939
oper.
ferred
J
In order
19,701,625
.10,541,755
1941
Property,, plant
Net
»
Consolidated
'
Gas
1,127,324
•
Inc., including
stock and other
of
that
Gas
be
expenses—
accounts
Power and
debt and
preferred
to
Co.
securities issued
Public
will
Co.
&
gen.
doubtful
for
and
v..
second
$4
Service
first
owner
Southwestern
.1,397,198
Cr375,470-'Crl81,090
Cr559,227
Cr543,608
Prov.
also
,
assume
funded
Calendar
$22,492,055 $21,484,296 $19,198,029 $17,170,789
3,672,615
3,623,117
3,545,601 ' 3,332,026
v
<■
:,;6,357,118
5,596,731
5,448,666
4,888,075
„————
depr.& depl—
advert.,
admin,
and
stock
will
for
1940
Utilities,
common
Community
transferred
Public
new
Continental
stks.
pref.
as
Southwestern
■1,525,899 '
1,500.000
the
will
Co.
of
Utilities
stock' and
cause
Panhandle
;
1,500,000
Dividends
1
.
thereafter,
discount
to construct.
on
95,418*
74,226
subsidiaries
Consol.
'
10,956,216
_____
expense
Int.
of
debt
deductions
of
Texas-New
company
Utilities, Inc.
Service
properties
cipal amount of
income
Public
debt,
Mexico
preferred
127,988
Other
Gross
Public
funded
Texas-New
assets
of
^
Public
of
common
The
.
180,000
116,944'
180,000
all
Texas,
securities
Co.
General
Public
107,500
:
f
other
outstanding
Utilities
of
in
the
of
Utilities, Inc.
The
companies will be retired.
these
'
Ry. dividends-
assets
General
Southwestern
111.
&
the
located
the
General
'
Interest
certain
and
all
and
Arkansas
of
from
213,533
land
of
Florida
7%
"Net
Co.
for
Prov.
Selling,
securities
(except $1,305,000 principal amount of presently outstand¬
ing first mortgage bonds) of Gulf Public Service Co. and all of the
outstanding common stock and other securities of Royal Palm Ice
Co.
The latter company will acquire certain
ice properties located
19,115,442
12,224,188
excess
Proy for
all
assets
Southwestern Public Service Co. will
Community Power and Light Co., including
stock
common
Utilities
Souttiwestern
21,920,289
taxes
tax
1941
merger
of
Account
Consolidated ^Income
Gross profit
the
assets
securities
utility
State, local and miscel■«
the
the
of
other
710,052
154,998
"
all
Mexico
165,482,143 154,805,524 145,873,845 139,545,175
61,406,685
56,866,777
54,074,582 52,232,222
7,930,747
8,093,773
8,269,389
7,914,545
revs.__
oper.
all
$
104,700
111,008
40,831
Total
1938
124,697,307
13,982,818
of
result
a
acquire
Monday, March 2, 1942
(Including Wholly Owned Subsidiaries)
-
Subsidiaries)
1939
147,738,799 137,749,091 130,178,162
16,970,787
16,172,916
14,879,092
731,726
772,509
711,891
Heating
ties,
As
1940
revenues—
Electric
and to the public holders of the common stock of General
Utilities, Inc." The $5 preferred stock of General Public UtiliInc.,, will be redeemed at $100 a share plus accrued and unpaid
'Public
,
-dividends.
-
(Incl.
Years
Calendar
for
1941
.
:r
Light Co.
As a result, the company eliminated Its
reserve for undetermined
liability for additional taxes and credited $10,363,799 to surplus. This
credit has been applied to write down unamortized debt discount and
'Consolidated
■
THE COMMERCIAL & FINANCIAL CHRONICLE
'
In
the
past
aggregated
common
shares.
ten
years,
$60,070,700
or
.
the com¬
cash dividends on the common
74% of the earnings applicable
properties.—V.
;
by it, 'excluding
1629'.*
^
acquired
154,
ComeH-Dubilier Elefttrift
The
the
directors
common
-During- 1940
Julv
10.
during
35
1941.
certain
classes
p.
•
declared' a dividend of.-15 cents per share'Oh
payable-March-10 to holders.of record Feb. 29.
«t8'>follows; May 10, 20 cents;
and Sept. 26, 60- cents. No payments were made
'•
'
'
distributions^ were—made^
cents;
non-utility
Corp.—Resumes Dividend—
have
stock,
of
,
Volume
:
Octave
board
155
Blake,
to
pay
President,
that 'it
stated
dividend of this
a
THE COMMERCIAL & FINANCIAL CHRONICLE
'Number 4051
amount
.conditions.
/Z
is
intention
the
by the
the
of
to
regularly, subject to business
'V
>
'Trustee— .;,' ;-i"...
;
,
Central Hanover Bank & Trust Co. has been appointed trustee
10-year 4Vz % convertible sinking fund debentures due
1, 1952., See offering in V. 155,!p, 695.
''yXfV
''
Drug Co.—5-Cent Dividend—
V
directors
the
Feb.
oh
common
record
"stock,
15. *
April
19
declared
25
par
dividend
a
payable
cents,
of
cents
5
April
to
27
share
per
holders
of
:••••:
p.,'599.Z'Z'ZZ';Z1
1941
earnings,
traffic
coal
Net
Months
Ended
■XX*
Zv
'/\*''/*'
/T'1
1941
1940
Rev.
*
H $83,268
$90,791
.
V...
';
.
frt.
Ton
;
$18,597
14,510
16,140 .♦«■/
*
Net profit from operations-.:
Total
mile
:
Z'Z
$7,794 '
•r-V*
■
■
>■;,
per
;
"m
carried
Pass,
mile
,"v"I"./'-'-'y
Balance Sheet, Dec. 31, '1941
Assets—Cash,
400;
$10,468;
customers
amounts
notes
receivable,
accounts
and
"
.
432,727,843
>1939
Excess
ew* '843.94
■Net
774.87
22,488,678 ! 21,236,188
18,278,693
;
-
,
f
1.51c
./■
i
1.19c
20,321,053
1.18c
.W
-
20.337,138
/
43Q,0P«;922
-
Net
/
payable,
$8,487;
accrued
■;r"*''*'^-:^^/'^T941>^^v,
•
,1940
905,982
Express
31
,
1.56c
$9,546;
paid-in
surplus,
154, p. 427. -
$134,026.—rV.
$13,101;
~
earned
_
surplus,
'Vr
535,389
789,072
2,274,908
1,506,958
revenue—
22,283,553
6,730,875
864,802
534,779
643,590
2,392,402
_______
Total
_
The
the
directors
0%
able
V.
16
were
to
155,
declared
stock,
stock
both
holders
paid
of
May
on
$3.50
total,
1,197,380
406,425
2,096,905
1,172,681
/
March
Aug.
of
$3
share
per
share
ZZZ
Distributions
Oct.
898.401
The
previous
payment
made
was
May
on
1,
of
SEC
3,318,597
3,104,567
9,624,445
9,392,781
8,178,168
1,341,466
equipment-.-
3,700,281
1,336,183
1,336,231
1,366,098
expenses
General
25,175,907
expenses
for
23,397,714
22,762,395
21,815,464
283,204
279,165
Feb.
on
12
issued
Net
1,594,001
investm't-
1,593,688
1,548,105
1,418,459
Crl20,688
Cr76,261
ire
permitting
the amount of $565,599.—V.
Prepaid
Land
Crl02,267
Oper.
revenues
direct
Class
excess
Other
2,860,667
equip.—Dr.
bal.
600,130
477,383
inc.-—_ $10,125,797
$6,345,624
838.899
620,066
accts._
$2,509,621
10,961
income—!/.;
non-op.
physical
20,875
7: '■7< 1,377
274,361
76,579
Other
74,836
928,488
revenues
17,142
548,963
290,612
$180,945
$229,183
$2,507,050
Other
int.
,657
640
N.
Balance
—V.
on
$2,507,707
$2,740,569
46,667
560,000
560,000
Misc.-
deducts.
1,924
1,825
22,241
191,032
Misc.
$132,354
stock
$180,691
for
"i"-.'
•
291,862
35,453
50,015
7,629
7,498
7,498
7,498
33,475
28,375
32,223
34,377
$7,378,541
$7,731,213
$3,797,586
the period
$1,925,466
507,386
7,083,270
415,237
369,059
220,440
162,360
223,598
322,470
108,931
92,717
67,134
87
debt-
260,039
33
26
pn
'
tax
rents
58,934
charge_i_
56,163
59,168
Earn,
income
17,460
V-/ 16,674
16,510
$3,671,698
__;
$1,482,151
$205,277.
.♦$508,985 .♦$3,954,954
■
shr.
per
on com.
'.V -.Li"1*
Nil
$0.24
Nil
31
rule of
Act
Company
between
and
at
company
maintaining "arm's-length bargaining"
an underwriting firm was sustained
Miscellaneous
and
Investments
such
The
aside
affiliate
acted
in
order
an
of
sought
with
that
that
firm
Power & Light Co.
for
$25,000,000
fees
underwriter
connection
of
Dayton
of
$100,562
not®entitled
was
was,
bonds
for
this
to
fees,
based
writer
the
in
the
the
rule,
an
the
power
company
SEC held
The
in view of
its
"subtle"
Puwer.
valid
was
payment
of
service.
opinion of Judge Charles E.
concurred, held that the rule
Hand
was
forbade
under
Morgan Stanley & Co. had
prevailing
Learned
order
SEC
the Dayton
and
the
The
the
underwriter
as
1940
that
of
and
that
it
a
in
under
which
which
to
Judge
the
SEC
The
case.
company
rule
under¬
an
same
holding company system or with whom
length bargaining" was impracticable.—V. 154, p. 1376.
"arm's-
etc.,
Interest
T.
members
of the committee are: Allen K. Brehm, New
York; Howard
New York; James J. Minot, Boston, and H. Duncan Wood
York, with Douglas G. Wagner, Secretary, 40 Exchange Place,
N.
Y. City; Benjamin Graham, Financial Analyst,
and Ralph Mont¬
gomery Arkush and Percival E. Jackson, Counsel.
Continental Bank &
Trust Co. of New York is named as depository.
The bonds are obligations of both The Deleware & Hudson Co. and
of
Jr.,
New
The
Delaware
& Hudson RR.
The approaching maturity,
according to
statement of the committee, makes it timely for the bondholders
organize in order to investigate the condition of the obligor com¬
panies and negotiate for a plan for meeting the obligations.
the
to
The committee announced that it had been constituted
tion of the holders of
referred
such
substantial
other
amount
measures
of
bonds
to
might, be
as
at the
take
sugges¬
the
advisable
steps
in
the
of the bondholders.
interest
A deposit agreement is in course of
prep¬
expected that certificates of deposit for the bonds will
with the SEC.—V. 155, p. 501.
and it is
aration
be
and
to
a
registered
Other
At
the
annual
White,
President,
ported
gross
that
had
would
have
common
The
been
of
$61,111,360,
$9,500,000
actually
the
the capital
Unadjusted
gross
items
increase
an
rates been in
more
realized.
revenue
than
the
Taxes
dollar,
of
effect last
18%.
year,
$3,671,697,
paid
in
equivalent
1941
to
or
He
said
net income
$2.17
per
amounted to
$4.24
168~692
from
agents
and
con-
a
share
948,135
receivable—.——.
137,565
113,874
3,460,235
—
1,588,888
16,168
'
'
•
stock
'
~
aid
Equipment
of
84,441,200
70,720
trust
obligations
bills
and
Audited
service
car,
and
matured
Unmatured
rights
liability
Reserve
Other
Appropriated
Profit
and
credit
cos.—
—
property through inc. and surp.__
surplus
loss
174,174
88,857
95,162
1,798,945
2,751,454
1,800,447
2,176,388
278,308
136,440
4,505
19,719,885
—
—
equipment-
Federal income taxes—lessor
to
—_—
——
reserves
unadjusted
Additions
351,869
liabilities——————
etc.,
2,94~3~679
——
—
depreciation
for
4,524,904
———
accrued———
liabilities
Insurance,
for
Calendar
Years
1941
(Including
1940
Subsidiaries)
1939
1938
oper.:
1,732,618
386,011
14,613
13,808
$73,575,052
$65,893,821
27,601,251
24,590,841
22,889,824
5,112,956
4,948,124
4,105,278
3,827,564
9,000,000
8,750,000
8,000,000
7,200,000
102,471
133,486
146,723
204,592
2,333
2,280
3,262
1,998
124,955
124,955
135,188
______
Total
$63,406,925 $57,249,389 $52,714,246
$59,534,612 $54,846,684
Oper. exps. (incl. rents &
gen. sell. & adm. exps)
Maintenance
Current
to
&
repairs.
retirement
Uncollectible
Amort,
reserve.
accts., less
of
electric
plant
adjustment
acquisit'n
Taxes
22,092,384
appropriations
(oth. than income
taxes)
Prov.
7,968,054
for
7,620,687
7,122,997
6,989,595
taxes
5,255,000
2,950,000
1,548,000
698,000
operations.
$18,408,032
income
Inc.
from
from
mdse.
&
job_
Other
53,107
Dr73,687
sales of
securs.
5,198
4,898
37,316
37,636
26,014
other
1,213
36,512
securs.
interest
on
154.928
".,146
mktable.
on
$16,773,448 $15,583,338 $13,832,550
185,193
Dividends
Gross
32,683
30,881
36,081
49,248
Dr51,623
Dr50,265
1,038
970
Dr28,555
inpome__
Dr48,945
income— $18,628,382 $16,951,612 $15,658,538 $13,798,825
Int. on funded debt
5,298,319
5,828,783
5,714,471
5,733,883
Amort, of dt. disc. & exp.
890,745
407,006
330,961
273,910
Other
Int.
corp.
interest
50,321
43,506
60,430
106,146
Cr54,159
Cr60,417
Cr87,619
Crl48,420
$12,443,156 $10,732,734
$9,640,296
$7,833,306
charges to constr'n
Net
income
7,619,221
of
capital
per
$20.
7,610,021
7,594,923
°6,361,300
11,272,260
11,272,260
11,272,260
$1.96
stock
$8.43
$7.58
$6.16
share
tPar $100.
Consolidated Balance Sheet, Dec.
Assets—
31
1941
1940
342,835,028
330.230,374
6,697,215
10,226,368
9,886,768
9,636,446
$
Fixed
Cash
capital
hand and
on
Accounts
Other
14,906,150
1,029,958
45,483,534
43,417,461
1,065,016
receivable,
accounts
6,099.592
243,994
49,692,255
trade
receivable
!
to
Bonds
and
employees——
other
Other
against
closed
or
at
cost
under restrict,
Unamortized
debt
trust
248,903
discount
and
2,600
376,161
431,623
companies
(est. realizable value)
—
expense
' 2,741,823
256,528
266,869
373,705,589 363,540,993
——
Liabilities—
'
Capital stock
Premium
Detroit
Edison Co.
general and refunding mort¬
bonds
gage
Great
tl27,226,000n27,226,000
763,517
763,517
—
capital stock
on
Lakes
——
Power
Co.
134,000,000 134,000,000
———
mortgage
bonds,
6%
(assumed by The Detroit Edison Co.)_.
Accounts
Property
and
estimated
Interest
320,000
320.000
6,310,000
9,765,000
3,884,839
2,257,601
accrued
8,888,864
5,028.028
debt
1,185,182
1,280,194
notes
payable
on
general
Federal
funded
taxes,
income
and
and provision
taxes
unfunded
for
Miscellaneous accruals
128,700
Construction
735,000
525,000
2,226,455
2,544,520
479,785
538,575
note
Dividend declared
Customers'
instalment/due within 1 year
payable in January
deposits
Deposits by employees for the purchase of capi¬
tal stock reacquired by the company
6,177,722
Other
items
Customers'
102,627
-
deposits for
line extensions
:
67,316
53,843.779
•
reserves
Earned surplus
142,903
105,145
69,542
reserve
"
306.041
18,892
1,724,178
246,980
Capital stock reacquired for sale to employees.
Total
84,204
18,417
2,770,732
3,600
and
banks
925,361
66,945
investments,
miscellaneous assets
Claims
586,197
6,417,154
490,069
Casualty and contingency investment fund—
Long-term contracts receivable—
Retirement
46,501,777
740,223
Prepayments
1,6~7~9~374
2,008,037
deposit in banks
9,316,922
Miscellaneous
1,184,948
on
Inventories
Construction
Crl77,009
payable—.
accrued
—
Deferred
payable
balance
wages
payable.
unpaid———Z
interest
current
994.624
900,000
accounts
Miscellaneous
Dividends
Accrued
2,000,000
997,238
payable
accounts
Unmatured
Other
5,842,000
.
and
Traffic
354,345
5,142,000
——
Non-negotiable debt to affiliated companies
Loans
84,441,200
70,720
363,448
construction
loan
RFC
$
$
'
stock
capital
on
in
768,129
226,448,158 216,037,724
—
,
Premium
312,206
6,793,572
deb.
:
Grants
6,377
301,815
Total
Common
from
399.861
Loans
697,081
1,980.390
L
receivable—
assets—
Liabilities—
aggregate would reduce the
than $275,000.—V. 155, p. 695.
47,859.048
3,490,168
2,197,442
57,415
43,130
29,953,441
28,917,850
stock.
Lackawanna
Important
of
1926 fares and
share
11.7. cents
upon
meeting of stockholders* held on Feb. 24, William
discussing the increase in earnings in 1941, re¬
in
revenue
the
14,442
3,790,671
6,434
3,000
supplies—
current
the
more
583,636
16,129,875
Deferred assets
Tax
Delaware Lackawanna & Western RR.—1941 Reviewed
dividends
in
1,870,748
11,957,471
1,165,888
and
Account
2,147,248
balance
and
Materials
notes,
14,646
Earnings
receivable
accounts
serial
407,748
3,306,463
13,878
receivable
the
2,064,502
Shares
3,559,302
—
deposits
balances
which
31, 1941, by
Dividends
1,416,379
Adams of Chicago announced Feb. 19 the formation of a
committee, of which he is Chairman, to represent holders of the first
and refunding 4% bonds of the company, due on
May 1, 1943.
Other
Elliott
9,494,989
584,535
—
Traffic,
Net
proceeds,
17,126
3,405,364
16,454,770
bills
the
408.273
5,235,481
—
Cash
and
From
the remainder of $1,000,000 of the
company's working cash funds.
Under
loan, the company agrees not to make any cash
and
1,847,961
11,922,846
!
—
Advances
Special
National
the
dividends
Miscellaneous
♦Par
Bonds
Loans
the First
heating dept—
department
Gas
2,212,090
—i
Miscellaneous
Delaware & Hudson Co.—Committee For Bonds—
Charles
9,554,744
Other investments:
Notes
1948.
paid
Steam
3,295,366
,
loan with
seven-year
$71,301,692
5,235,481
Advances
Stocks
342,748
department—
4,030,114
—
——
Miscellaneous
Clark,
applied in this
of underwriting fees by
2,407,738
—
Bonds
*
438,622
companies:
Notes
rejected the demand of Morgan Stanley & Co., Inc., to set
15,485,607
2,404,027
property
affiliated
55,471,518
81,997,403
15,350,293
Stocks
virtually mandatory.
cases
court
54,572,661
physical
in
$
81,983,039
equipment
Improvements on leased railway prop.
by the U. S. Circuit Court of Appeals at New York Feb. 20. The rule,
U-12ff)-2, has been replaced by another, making competitive bidding
in
in road—.
in
1,628,130
1940
$
Investment
issued under authority of the Public Utility
aimed
utility
an
Assets—
Investment
the SEC,
par) _______
__________
new
to
new
for
earns
Miscell.
1941
old
15,
were
added
was
Electric
•
Prof,
General Balance Sheet, Dec.
An
a
■
♦Deficit.
Dayton Power & Light Co.—"Arm's Length" Rule Up¬
held by Court—
Oct.
$450,000,
income
Int.
ZZ-
$4.35
•
87.
p.
($35
150,511
Calendar Years—
Inc.
Net
507,386
stock
______
54,180
94.574
accruals—T_
income
$1,989,537
$1,418,080
7,083,255
———
stock
_!
7,083,255
•
■
debt
unfunded
279,482
Amortiza'n of franchises
rentals
funded
100,000
♦350,000
preference
par)
recoveries
roads
7,083,255
Miscellaneous
.•
—_!!—_!____
155,
on
$229,183
.!.'!■
285,716
4,527
funds-
leased
pier
Int.
46,667
applic.- to pref.
•••<;
316,809
of road
equip.
Y.
$1,212,756
2,068,726
terms of this
Gross
552,599
sinking &
lease
for
bonds
Net' income
Dividends
138,805
3,453
income
equip.-)—
Rent
$180,945
and
675,647
$11,454,530
$2,739,929
-
mortgage
142,383
572,322
Deductions—
income
on
591,112
reserve
from
Int.
Gross
Int.
134,993
funded
897,473
80,733
other
Inc.
re¬
income
192,254
324,398
from
,.„and
appropriations—
oper.
income
Miscellaneous
($1
earned surplus of Oct.
20,554
203,701
140,162
and
Net
70,557
198,218
4,132
taxes__
retirement
19,523
217,544
rent
from
250,000
,
Chicago, Illinois, as of Nov. 15, 1941.
The amount of this
$1,450,000, payable $200,000 Oct. 15, 1942 to 1947, inclusive,
loan
new
unfunded
and
14,351
_
Z
Detroit Edison Co.—Earnings-
securities
436,602
-
"
1,775,538
$6,570,976
of s
totaling
627,648
$6,028,688
*/
29,845
209,741
(net)
—
♦Company negotiated
$250,000
from
improvements
Total
"
2,688,885
37,496
and
Surplus by appreciation—
95,878
securities
\
surplus
$3,041,391
Misc.
$7,057,633
234,033
125,694
128,217
equipment
cumulative
88,657
Income
1,821,883
'•>
stock
$6,778,930
oper.
1,568,563
surplus
Paid-in
■
43,692
7
taxes
taxes
serve
$2
Earned
Non-Oper. Income—
Federal
profits
Property
A
Common
94,348
Income
237,871
for
100,083
(net)_r___„___
$6,570,976
$6,728,659
ry.
;;/r
payable (current)—
Long-term bank notes
Reserves
the
$2.15
,
Total
Accounts payable
was
of
$3.91
■;
Sheet, Oct. 31,T941
~
loan
accruals
176,839
'''-S ■
__
5,124,180
Income
taxes
Prov. for Fed. inc.
Provision
Balance
Goodwill
distribution
excl.
expenses,
$2.41
90,978
87,863
"*176,670*
*
charges—!
machinery,
5,140,501
Misc.
$7,739,595
$3.50
-
Patents
5,348,324
Net
1941—12 Mos.—1940
$594,067
/
176,671
.C
L!__LL«L-
7,161,632
filed
Co.—Earnings—
$640,695
___
-
"
>
Buildings,
Crl29,063
Joint
155, p. 360.
1941—Month—1940
219,725
.176,671
$472,548
91,095
.175,823
V ••
deferred
8,165,571
Dividend
Dallas Power & Light
Operating
and
Bank
tax
$783,582
90,997
-
■
11,919,431
prop.
Period End. Dec. 31—
90,858 /
iv.
219,817
.
Inv estments;
12,076,983
Railway
to Section 12 (c) and Rules U-46 and U-23 to become ef¬
fective regarding the following proposed transaction:
Cupples proposes,
after the completion of the sale of its distribution
system to Union
Electric Co. of Missouri and the reduction in
par value of its 10,000
shares of capital stock from $100 per share to 50 cents
per share,
to
declare a partial liquidating dividend
to
Union Electric Co. of
in
$518,897
■_
Operating
income—*. $10,617,958
facility rent inc._
107,969
1937.—
declaration
.
175,000
$472,546
$547,061
17,779,590
rev.
'$783,582
U. S. Treasury tax notes
pursuant
Missouri
!
68,148
33,548
$518,897
$710,292
stocks
"r
______
$885,292
share____
per
'
7,750
_
,
$731,538
Cash'
^
$43,331,771 $39,814,992 $38,535,007 $36,022,909
on
Hire
order
an
185,789
profits.
•
.
1,600,089
v
.
333,695
92,848
Consolidated
269,217
234,262
like
Cupples Station Light, Heat & Power Co.—To Dissolve.
The
4,568,448
10,493,947
Transportation exps._
Misc. operation
Transp.
599.
p.
123,915
*
______
Assets—
1,214,089
and
pay¬
of
and
1941,
25,
on
7%
the
on
accumulations,
6.
and
30
of
$574,245
taxes—
common
Earnings
2,048,584
$61,111,360 $51,891,975 $50,454,438 $44,188,481
structure
Maint.
per
account
on
record
1,
dividend
a
and
$977,121
surplus
and
1940,
23,
20
preferred
preferred
March
amount
Dec.
Feb.
on
cumulative
cumulative
157,292
$642,812
'
1,705,985'
Notes
Expenses—
Maint.
of : way
Traffic
Cudahy Packing Co.—Accumulated Dividends—
309,414
Liabilities—
'
_
$1,286,534
55,134
''
5,061,080
Miscellaneous, assets —LLLL LX—
1938
$9,741,750
875,815
583,562
revenue
Incidental
expenses,
$7,422;
$697,947
105,878
Inventories
.
1939
879,812
528,332
Milk,
$2,597; provision for Federal capital stock tax and taxes on income,.
$2,072; 6%
cumulative preferred Stock, $90,800; common stock
($1
par),
$1,417,713
profit
to
Shares
1.20c
20,509,324
1.57c
$14,034,472 $12,798,265 $11,696,783
34,635,560
27,125,519- 26,639,361
6,524,093
6,437,113
6,649,041-
freight--
—
Other
-
and
wages
$2,331,626
;
Class A dividend____,r__ki
dividends
,
Liabilities—Accounts
$2,992,519
1,749,302
Common
'42M27.452431,664,139
1.50c
•
Income Account, Years Ended Dec.
"
Passenger
$34,054; property, plant and equipment (net), $62,884; deferred charges,
$4,935; total, $134,026.
■/ /"
"""// <Z:-,
'Z'Z'Z-../
-
$2,447,248
profits
Undistributed
$
f|
income
Normal income
"1938
2,341,063
____
—$1,311,835.
Federal
...
1938
1939
$7,392,706
profit
charges and credits
Profit
1940
$9,150,013
6,157,494
Operating
Inc.
'
$8,334,054
5,886,806
$3,758,777.
__
general expenses
>V
-
>' '
__
Gross profit
/
Selling, administrative &
of 28%\ that
and that anthra¬
pass.
.
Mail
$19,-
trade
acceptances,
$1,133;
miscellaneous
marketable
securities,
$963;
inventories,
$190;
that
sales
(& Subs.)—Earnings—
1941
$11,748,728
7,989,951
—
one
Merchandise
1,362
(net),
$
/"■ /
'•' ,•••
'847/39'
1.14c
Coal
ZZv Z"Z
receivable—customers
: :
»
per
^
$2,414
4,156
:«■/--
20;211^97
X' Revenues—
■
Of
_
Accounts, notes and acceptances receivable
436
/
sales
Prov. for contingencies-'
,
1,579
$4,414
stockholders
*
'">'>■^
.ZZ 1940*:
$/:'■
22,646,333
mile_
■:
37 %
rev/,
carr.
f
Provision- for Federal income taxes/.!!-/-------
;.5
Years Ended Oct/ 31—
Cost
for Calendar Tears /> *•3
1,014.37'
.LLj
$4,429
r.'
; ;
2,192
Net profit for -period__!!—,_—_!/!!!/!—!—_
Dividends paid
of
Dayton Rubber Mfg. Co.
f
Net
'4,268,774,277 3,365,567,897 3/239,690,679 2,677,268,440
343
$4,086
'•
2,855
income
The
^Avge. rate per ton
Rate
-
V;
$4,939^
Other -expense
paid
off.
lines,, the
debt saved
carried
miles of
Passengers,
Other income
taxes
paid
leased
increase
or
.'7'
freight
■Mi- $21,079
profit LLu
Operating expenses
an
the
told
$3,041;877,
1941
mile
train
(tons) «_!!__!_
.
64,672
69,712 v' 5
Gross
its
reduction
The
Mr./ White
totaled
..-v;';''Statistics of Operation
rev.
3i—/"/'/'
Dec.
sold^_ci'__wji_'/^_i'i!;l-lit;'„
of
earnings
Avge. net tons per
sales
back
in
obligations
$34,635,559,
totaled
revenue
eight have been delivered.
^
•t
Crystalite Products Co.—Earnings
Cost of' goods
$933,681
securities
\ the order placed by the Lackawanna ,last July, for 1,250 freight cars,!
has been delayed four months.
Of 12 covered barges ordered in 1940,
amount was paid on this issue on April 25 and Dec. 16, last
making a total of 10 £ents'for 1941, the same as paid in 1940.
155,
"'Six
repaid,
equipment
the
$1,433,000.
was
1
i:
of
in
totaled $10,992,594, or slightly less than 4%.
'1
Referring to difficulties in obtaining prompt
delivery of freight
equipment, due to priorities and heavy demands for war materials,
A like
year,
—V.
$700,000
$763,476
which
merchandise
bituminous
„
.
/
.
The
on
of
Analyzing
/
$1,500,000
/Crown
-
and
invested
$75,000 in annual interest.
cite
>
$900,000 bank loan
Jersey
value
par
•v
The
•
for
Jan.
RFC,
New
company
91 J
of
reduced
its
which
were
debt, in
1941
$2,000,000
by $4,652,000, the more
of loan made
repayment
Total
-V.
155,
226,448,158 216,774,611
p.
539.
Total
♦$100 par.
373,705,589 363,540,993
t$20 par.—V. 155, p. 823.
.
of
dividend
stock,
cents
10
$1,- payable
par
—v.
154, p. 694.
■
March 2. A
1, last year.
' v'-V'.'1'- -V.¬
,
Dividend—
Detroit Steel Corp.—25-Cent
c$||fored on the common
21 to holders ^oif record March 10.
Distributions during 1941 were as follows: March 22, 25 cents; June 25
and Sept. 25, 50 cent seach; and Dec. 16, 75 cents.—V. 154, p. 653.
cents per share has been
dividend of 25
A
stock,
23.—V.
cents
dividend of 25
payable March 10 to holders of record March 2. A
tribution was made on Nov. 28, last, the first payment
stock,
since Jan.
;YY Y;
disbursed.—V. 154, p. 1262.
1936 when 35 cents was
15,
similar dis¬
— Organized—Proposes
Bonds to Acquire Properties.—
Eastern Kansas Utilities Inc.
*
Private Sale of $1,000,000
:
1942
Taxes
operating
expenses
:
—
income
125,291
$182,058
3,911
* $186,246
33,490
depreciation, dividends, etc
Available for
$62,087
$72,247
—V.
Co., Ltd.—Accumulated Div.—
Easy Washing Machine
declared a dividend of 17Va
accumulations on the 7% cumulative
directors have
The
account
of
cents per share on
preferred stock, par
payable April 1 to holders of record March 16.
A similar
bution was made on Jan. 2, last, as compared with 35 cents per
$10,
Oct.
and
2
July
17l/2
and
1941,
1,
income
..
National
distri¬
$2,141,912
for
1942, the System inputs of client
Services Inc., which are subsidiaries
follows:
were as
1941
157,889
135,279
65,107
87,925
70,822
National Power & Light
%
16.7
22,610
107,932
Co.
5,715
20,007
8.8
22.8
system inputs of any com¬
panies not appearing in both periods.—V. 155, p. 824.
846
Final
include
not
do
figures
Co., Los Angeles, Calif.—Pays
Broadway
South
the
Liquidating Dividend—
special meeting held Feb. 19, 1942, the directors declared a final
liquidating dividend of $6 per share, payable Feb. 26, 1942, to stock¬
holders of record Feb.
19, 1942, upon surrender of their stock cer¬
tificates for cancellation.
/Y//.:
.VY:;,
At
'■
1939.
Dec. 29,
on
paid
company
an
C.
Special
Angeles,
is located at 215 West Sixth St., Los
Share
Bond &
Y:
securities
"Premium
i
preferred
27,275,938
$1,804,782
1,479,700
3,497,212
Earned
540,940
$3
excess
152,029
8,317
>
4,194,039
of
reclassification
amounts received
V.
155, p. 637.
over
7.
•"■■■
I
par
no
•
to
be
in
quarterly report furnish information as to the number of shares
acquired and the price paid. Also a full report must be made monthly
to the SEC on the number of shares purchased and through whom.
Permission to buy the shares will expire after six months from the
date of the order, but the company may ask for an extension.
How¬
its
l"
7*
the right to rescind the order at any time.
It also reserved jurisdiction as to the remaining $3,000,000 covered in
the application, pending formulation by the company of a plan for
a distribution of assets to the holders of preferred stock.—V. 155, p. 306.
the
ever,
reserved
SEC
Electric Storage Battery Co.—50-Cent
v
Net
have
declared
a
dividend of
50
Empire Power Corp.—Participating
directors
The
on
the
of
record
Feb.
March
Dec.
2.
1941:
10,
75
declared
18
participating stock,
issue during
and
on
The
par
no
a
per
to holders of
quarter from
23 a dividend
value, payable March 10 to holders
distributions were made on this
and Sept. 20
cents each.
quarterly dividend fo $1.50 per
preferred stock, no par value, payable
March 5.
See also V. 154, p. 1263.
directors also declared the usual
The
share
the
on
$6
cumulative
March 20 to holders of record
Erie Lighting Co.—To
See
Merge—
Pennsylvania Electric Co.—V. 155, p. 599.
Exchange Buffet
Corp.—New Vice-President—
—V.
■' ^,
revenues
oper.
'
Non-oper. income, net—"
$18,037
y ' 1,575
*
59.132
191,947
Net
2,515
'
-
661 "V- (
I
496
$9,244
840
550
11,663
492
*
—
—_—
—
»
$8,928
317
from income-———— ?
'
———1—
:
—V.
$195,981
60,000
$12,412
$131,344
613
6,288
$125,056
115,817
$10,099
645
*
$10,743
•
1,060
550
V/- 11,670
; r' 492
'
-
/
'
\
declared
Dated
Dec.
1,
which
Canadian Corp., Ltd.—Bonds Offered
1941; to mature June 1,
1951.
Principal and interest
D.) payable in lawful money of Canada at holder's option at
branch of the company's bankers in Canada, except Yukon Ter¬
ritory.
Coupon bonds in denomination of $1,000 and $500 registerable
as to principal.
Redeemable in whole or. in part at option of the com¬
pany at any time prior to maturity on 45 days' notice at following
prices: 102 to and incl. June 1, 1946, and thereafter prior to maturity
at 101, in each case with accrued interest to date of redemption.
An
annual sinking fund • commencing June 1, 1943, will be provided for
these series C bonds amounting to $24,000 principal amount of such
&
the
funds
Trustee: Montreal Trust Co., Toronto and Montreal.
these bonds will be a legal investment for
opinion of Counsel,
insurance
of
companies
registered
under
the
Canadian
to
take
been
of
care
and
yet
invested
——J
2,667
'
Revamping Capital
Corp.—Considers
•
stock
have
•
the
of $49 a share on its
accumulation
recognition
give
to
the
substantial
sums
facilities, the corporation is under-*
in new
reorganization.
This plan will probably provide for the issuance of six shares of
new
6%
($25 par) preferred stock and two shares of common stock
for each share of the present $7 (no par)
preferred stock. <
, ;
(
Y There are outstanding 16,718 shares of the present preferred stock,
so the proposed plan would mean the issuance of 100,308 shares of the
new
preferred stock and 33,436 shares of common, increasing the
common
stock to 291,616 shares from the 258,180 shares now out¬
standing.
Dividend requirements on the new preferred stock would be
approximately $150,000 annually, against the $117,000 called for each
year for the present stock, <
■ Y
r
Y '
,
V •. "
A
special meeting of stockholders has been called for April 9 to
consider the proposed plan for recapitalization,—V. 154, P.YL377.
stood
any
In
order
In
preferred
119,126
398.
equipment)
<
Wheeler
Foster
■
'
$3,029
«
4,301
2,649
—a—---——
600.
p.
Structure—
Wood, Gundy & Co., Ltd., Montreal offered recently in
the Canadian market $600,000 ^Vz% first mtge. and coll.
trust bonds Series "C" at 100 and int.
.
■
(J.
charges
(way and structures &
155,
$4,302
:
—
Depreciation
$128,781
~
charges
—V.
7,200
$11,798
Contingent
$135,981
590
.___
income
155, p.
$191,344 "
60,000
$17,412
5,000
fixed
after
Deficit
'
be
to
considering
a
plan of capital
Frick Co., Waynesboro,
Pa.—New President—
Ezra
Norrls Benedict has been appointed President to
Frick.
Mr. Benedict is also General Manager
—V.
155, p. 262.
D.
,
succeed the late
of the company.
:
and
Insurance Companies' Act, 1932, as amended.
Company—Corporation is, through direct ownership, the largest
operator of motion picture theatres in Canada. In addition, through
its
holdings of shares in subsidiary and affiliated companies and
through • operating agreements, it is interested in a large number of
other theatres throughout the Dominion. Theatres operated through sub¬
sidiary and affiliated companies are in many instances freehold prop¬
erties, the balance being operated on leases or by way of agreements.
All of these theatres are well located in the leading communities from
Gamewell
British
...
$13,110
roads—:—
deductions
>
2,720
—^————
deductions
leased
deductions
Other
1941
$46,281
33,170
$12,309
income—
operating
income
for
Interest
$161,452
34,529
$14,022
charges
Dividends
$122,370
68,974
$15,453
1,959
5,000
$19,612
"
income
Interest
>
$14,612
Balance
Retirement res. accruals
bonds per annum.
Mets, General Manager, has been elected Vice-President.
154, p. 1595.
Theodore T.
•,
Net
Famous Players
following
March 20 and June 10, 50 cents each,
59,368
198,328
.
;r
—
—
Miscellaneous
Rent
v
$50,171
37,861
'
Dividend—
dividend of 50 cents per share
5,361
17,277
19,241
'
Gross
share on
5,950
Maintenance
Y, 580,572
—
*
.
;
_
—^
$0.27
and in 1941
1942
•_
...
—_
:
' ' V
'/-"v.
operations
income
Total
$922,179
509,648
$960,638
$87,841
49,750
.
—
railway
Other
,
$97,539
54,311
revenues
Taxes
Dividend—
cents
the common stock, no
par value,
payable March 31
record March 10.
A similar distribution was paid each
March 30, 1938, to and incl. Sept. 30, 1941, and on Dec.
of $1 per share was paid.—V. 154, p. 1190.
directors
The
-
...
from railway
'426,676
v.'■.—»' *
'■;V>•
1942—12 Mos.—1941
1942—Month—1941
Period Ended Jan. 31—
Operating
Operation
Co.—Earnings—;
<'■■■
revenue
rents
Net
,
Fall River Gas Works
<
;
-
.
RR.—Earnings—
.
,
operating revenues.
operating expenses—
railway
Net
.
subject to certain restrictions. The company had asked permission
spend up to $5,000,000 for that purpose.
- , :
The restrictions imposed by the SEC provide that all purchases
effected on the New York Curb Exchange and that the company
$0.45
$159,791
426,676
* $0.28
Railway tax accruals
market
the
426,676
$0.65
%
Month of January—
Railway
value common
1936, plus excess
par value of shares issued since that date.—
:7
„Y— ; .• yyy Y'
upon
426,676
Fonda, Johnstown & Gloversville
;
J
1938
:>
-
$214,412
share
per
1939
..
$141,475
stock,
common
1940
7
$291,138
..
amortization, Federal income taxes,
provision for excess profits taxes.—V. 155, p. 502. "
after
value common stock as of Sept. 4,
par
154, p. 1377.
"After depreciation,
t
Total
into
20,
(& Subs.)—Earnings—
1941
•
profit
Shares
$30,301,557 $27,275,938
"Represents
1 to holders of record March 20.
last, the first dividend since
Dec.
on
1937, when 10 cents was also paid.—V.
Earnings
3,661,827
r:
,
surplus
declared on the capital
share has been
per
payable April
paid
3 Mos.:End. Dec. 31—
•Net
,870,327
30,414
4,516,970
Z.
cents
was
Food Machinery Corp.
;
——'""j1""-; 8,317
4,851,585
construction—;
aid'of
in
amount
April 1,
520,000
232,292
40,330
depreciation
10
value,
par
no
like
A
of
dividend
A
stock,
10,825,000
——,;;; 1,207,974
credits
for
Reserve
Contribution
stock
common
Federal Motor Truck Co.—10-Cent Dividend—
i
3.497,211
11,175,000
.
accrued
of
agreed Feb. 21 to permit the company to spend $2,000,000
to purchase shares of its $5 and $6 preferred stocks,
14,263
25,967
payable
Deferred
total, $3,508,652.
and accrued charges, $13,935; reserves,
(359,706 shares par $1), $763,821; surplus,
$1,774,269; total, $3,508,652,—V. 155, ,p 824.
$956,627;
■
—
accrued
Taxes
Interest
and
$713,336;
$121,737),
reserves,
inventories (physical), $846,370;
for depreciation, $1,644,077), $1,174,686; pre¬
(less reserve
assets
(less
Government
$715,667;
banks,
in
$10,480;
Liabilities—Accounts payable
265,536
800,000
378,749
:
•_
fixed
and
securities
and
thereon,
s
$2,7^
1941
paid and deferred charges, $48,113; goodwill, $1;
745,139
181,978
v
(par $100)
stock
stock
interest
accrued
hand
on
bonds
municipal
13,216
$1,804,782
1,479,700
i.
-
Long-term debt
Serial notes payable to bank within year
Accounts
$977,835
^635,366
.
—
Balance Sheet, Dec. 31,
15,373
30,301,557
—
par),
common
on
v.
25,967
.
:
cumulative
7%
t
Net Income
:
dividends, paid,—-i—^:
175,619
328,768
debits
Liabilities—
Co.—Permitted to Buy Own
-
SEC
$1,797,431
.:-exchange_i_—Cr41,528
53,876
' 720,000
provision for inventories, bonds, leases and insurance
..-..195,000
:
32,424
:
-
($3
-
1
and
Assets—Cash
; * 1040
291,653
supplies
stock
$10,800,429
V 1
8,700,057
-Z »
802,941
;
Miscellaneous income
Provision for Federal taxes__—
' Y;:Y
3,125
899,402
receivable
Common
V:-:^
Statement, Year Ended Dec. 31, 1941
(materials,vwages, /studio ekpienses and shop
$2,256,959
16,296
;
Total
stock
The
accounts
Prepayments
Deferred
••"'Income
;
Operating profit
•
$25,704,392 $23,254,536
2,900,612
2,584,311
4
—-.
and
'
expenses)
'Administrative expenses
~
"
$2,038,333
Total
Stock—
In
deposits
receivable
Notes
F. Seidel is President.
Electric
7
share
YyY "
' * '
'
'•>> Office of the company
Calif.
initial liquidating dividend of $35 per
etc
fund
'
Discount
98,918
a
The
*
$183,669
Cash
Reacquired
Corp.
above
-
14,941
15,597.
\v-'. sk.w-Cs'*'ioat
v'
and
Investment
Materials
Increase
Amount
•
•
Accounts
Thousands of Kilowatt-Hours
/„ Y;
1942
Operating Subsidiaries of—
American Pwr. & Light Co.
Electric
Power
&
Light
11
$260,210
surplus-
properties,
J i-:C'
Earnings per share on common stock
Consolidated Balance Sheet, Dec. 31
Asspt.e—
Plant,
company's prop¬
to the
\
•
—
8,632
8,632
common
and
737.rv''\
155,; p.
Sales,
Cost of sales
divi-
requirements—'
Balance
.
19,
Ebasco
of
Y'V-'Y
The
•
103,579
$192,300'
$268,841
-
stock
were
Fanny^Farmer,Candy.Shops, Inc,-nEarnings— ;
$2,360,538
103,579
income
Net
Preferred
:Y dend
divs.
Light Co., Electric Power & Light Corp. and
Light Co., as compared with the corresponding
&
during 1941
week
erty.—V.
share
&
Power
Power
Y'::^ 75,741
$338,913
income
1941,
and improvements
expenditures
capital
other
v
.
and excess profits
$2,677,269.^.IvS .Vv;
and income
bonds
on
Purpose^The; proceeds of series C bonds will be used to partially
reimburse the company for capital expenditures made in the acquisi¬
tion of theatres acquired since June 1,: 1936, and to provide funds for
$2,688,944
-
,/
Feb.
ended
week
companies
American
;
v
de¬
deducting bond interest,
(before
for the 9 months ending Oct, 4,
taxes)
$2,764,685
373,608
Services Inc.—Weekly Input—
the
For
of
,..
* ■
-
>,
earnings
depreciation,); interest
ing
71,739 7,7 52,078
$243,203 • $2,518,764
;V. Dr50 Y.
77,174
1,215
.
/1 V
.
,
-
-
series A and series B
bonds presently to be out¬
■v
$2,741,022
$2,590,503
-
,
28,541
8,607
$337,698 *-;
,
operating
::
$243,153- $2,595,939
Interest
34,013
34,194
393,226
Amortization
of
debt YYY/:/'Y;'YYYY Y
discount and expense;
1,699
4,343
21,036
Misc. inc. deductions—
34,360
12,316
39,764
cents per share on Jan. 2 and
April 1, 1941.—V. 155, p. 262.
Ebasco
j
1
>
.
interest- on the
,
•
...
pT_8237
155,
Other
$271,744
Y* <■
$346,305
——
Balance
Gross
retirement
for
provision
before
income
Net
$147,085
84,998
revs
oper.
and development costs
39,161
$167,378
on
:
Net
Exploration
■
preciation and income and excess profits taxes), for the 10 years 1931;
to 1940, ; inclusive,., was $2,001,542 and the average for the 5 years
1936 to 1940,., inclusive,
was $2,234,815.
The lowest figure of such
annual earnings in the 10-year period was $1,243,058 in the year 1933
which was the year, in which the depression in the theatre business
was considered to be at its lowest point.
The earnings (before deduct¬
" 745,330
709,721
1,205,466 7';" 966,176
70,872
82,468
2,086,609
iriterest on bonds and Income
outstanding and on the series C
now
•'■.v
rf.
,
$1,118,732
.
1,384,208 '.-f-.-Vi y,
1,458,398 ;
1,370,560
1,927,032
-
depreciation but before Interest on bonds and
years'
one
standing is $258,952.
The average annual
YY
^
*
>
•'YY177,472
106,987
-
_
_____——_J
Taxes
of
amount
bonds
143,397
>7 20,735 -' V 293,292
.The
••
V.
•;
Note B
V
profits/ taxes.
excess
Note B-rrEafdings after
■:
•
1941—12Mos.—1940Y
$6,380,311
1,857,343
1,819,994 j
187,456
—
\
95,131
Interest
and
$6,691,934
$633,275
$744,578
___Y_—YY 186,939
Maintenance
V
26,876
Depreciation—prov. for
i
•
income and excess profits taxes
surplus, $155,764; total, $216,888.
revenues
Operation
.
30.b,000
600,000
430,524 shs^
Earnings—
—
——
Note A—Earnings before depreciation^
Y
4,188
$200,868
;
——-——
.
K
t
-1941—Month—1940
Period End. Dec. 31—
Operating
—i
—
'
'
•
•
-
$1,828,245
1937.—2,141,131
1938
—"V 2,261,469
1939——
'C 2,210,706
1S40-—I—————————_
2,732,523
1941 (9 months) -——^—.—
2,677,268
•
Natural Gas Co. (Del.) (& Subs.)—learnings—-?
retirements
corporate income
funded debt, rents, etc.
Gross
82,423
$196,957
—
._——
—
—
—
398,650
470,810
—-—.—
——
Operating income
Other
V
$663,131
$793,058
Railway operating revenues™——————
Railway
1941
.
;•
■/-'-.-iNote A
•
-
600,000 shs,
(no par)<
1936—
•
$7,083; capital stock,'$1,000;
7
Street Ry.-
Eastern Massachusetts
'•
$10,000,000] Series B
>u- '■ v;
[SeriesC
vn(i.">.>/•;
v
Common stock
Assets—Cash, $1,195; accounts receivable, $7,692; inventories, $735;'land, building, machinery,
furniture and fixtures (less reserve for
depreciation of $49,302), $207,219; silverware, china, linens, etc,, $1;
prepaid taxes, insurance, etc., $46; total, $216,888. 'C.7'
.77
Liabilities—First mortgage note payable," $53,040; accounts payable,
El Paso
Month of January—
.
in
"
' Outstanding
(Series A $4,854,500
■:■'■■■■
;
and coll. trust bonds—
First mortgage
•
-
(Fairmont Investment Co.)
j
-V; 7
j
V^V C.
^'■
Continental Gas & Electric Corp.
See
organized
present financing)
/•Authorized
constituted and acting
1941
Oct. 31,
Balance Sheet,
1
-
share has been declared on the common
per
corporation
Missouri
a
under deposit
(The) Dobeckmun Co.—25-Cent Dividend—
A
is
Co.
1935, by - the bondholders' committee
agreement dated Nov. 30, 1931.
January,
elsewhere in the Province of
r
in Montreal and
Capitalization (after giving effect to
;
YY:Y
•
Investment
Fairmont
died on
'
[i
,
deposit.
of certificates of
and Secretary-Treasurer,
Frederick Glass, Controller
155, p. 599.
V
Harry
Ltd.—Obituary—
Corp.—Seagrams,
Distillers
Feb.
March
payable
$5,
par
-
Fairmont Investment Co. for each $100 prin¬
cipal amount of deposited bonds represented by the certificates of
deposit held by such depositors.
In order to obtain the
stock'certificates to which bondholders are
entitled, it will be necessary for them to present or forward to
Boatmen's National Bank of St. Louis on or after Feb. 20, their cerY
tificate of deposit endorsed by the registered holder thereof in blank
or
marked "for surrender," with signature guaranteed by a bank or
trust
company.
Upon surrender such certificate of deposit will be
duly canceled.
Upon issuance, the certificates representing the stock
of Fairmont Investment Co. will stand in the names of those persons
who, as of the close of business Feb. 16, 1942, are the registered holders
ing one share of stock of
theatres
7
operating
Quebec.
that there will be distributed
committee certificates represent¬
depositing bondholders of the
the
to
16 to holders of record
1, May 1, Aug. 1 and Dec.
March
amount was paid on Feb.
like
'
share has been declared on the common
per
consists of 1,844 shares, so
vestment Co.
Dejay Stores, Inc.—10-Cent Dividend—
A
^Monday, March 2, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
918
Co.—$1 Common Dividend—
.
•
Fairmont Hotel,
ceive Stock—
St. Louis, Mo.—Bondholders To Re¬
:
property securing the bonds issued by the company owning the
hotel property, was sold at foreclosure sale pursuant to order and
decree of the Circuit Court of the City of St. Louis, Mo., and was
The
by the bondholders' committee on behalf of its depositing
bondholders.
Title to the property was thereafter vested in Fairmont
Investment Co. (Mo.) organized by the committee for the purpose of
purchased
owning and operating the property for the depositing bondholders.
The committee has
determined to issue to depositing bondholders
representing the stock of Fairmont Investment Co. These
stock certificates will be Issued in the names of those persons who are
certificates
registered holders of certificates of deposit representing bonds of this
issue as disclosed by the records of the committee's depositary, The
Boatmen's National Bank of St. Louis,
as
at the close of business
Feb.
16,
1942.
The stock certificates will then be deposited with
the
depositary and will be ready for distribution to the registered holders
of certificates of deposit on and after Feb. 20, 1942, upon presentation
of the certificates of deposit.
The deposited bonds aggregate in prin¬
cipal amount $184,400.
The authorized capital stock of Fairmont In¬
co&st to
*
*
coast,
Corporation was
incorporated in 1920
of Canada;
During each year of
under
the laws
*
share on the
common stock and the
regular quarterly dividend of $1.50 per share
on
the preferred stock, both payable March
16 to holders of record
The
March
to
expand,
so
that
today
a
dividend
of
$1
per
1941, -the following payments were made on the common
15, $1; June 14, 25 cents; Sept. 15, 50 cents; and Dec 15,
154,
p.
1728.
f
-
■
*
of the
its existence the company
it operates directly or
through subsidiary companies (in which the company owns more than
50% of the voting shares), 141 motion picture theatres, with a total
seating capacity of 157,304. In addition, it has 50% or less interest
in affiliated companies and operating agreements through which 148
theatres, having a total seating capacity of 109,743, are operated. Com¬
pany is also a substantial shareholder in United Amusement Corp., Ltd.,
in Montreal, which controls 26 theatres operated in th0$City of Mont¬
real, its suburbs and elsewhere in the Province of Quebec, which also
owns a controlling -share
interest in Confederation Amusements, Ltd.,/
continued
declared
Feb.
cents.—V.
50
have
6.:-
During
stock:
;
Dominion
has
directors
,
Gary Electric & Gas Co.—Bonds Called—
All
of
the
outstanding first lien collateral
5% bonds, series A, due
have been called for redemption as of March 24, 1942;
Payment will be made at the Continental Illinois
National Bank & Trust Co., trustee* 231 So. La Salle St., Chicago, 111.
—V. 155, p. 156.
July
at
\
1,
100
1944,
and interest.
Gatineau Power Co.—15-Cent Common Dividend—
The
the
j
directors
cojnpiqn
have
declared
a
dividend
of
15
cents
per
stock, payable March 31 .to, holders, pf record
share
Inarch
on
2.
•Volume
155
mm~m
A
Similar distribution
31, last,
262;:
made
was
this
on
issue
>'.y
■
and
Dec.
preceding quarters.—V.
against 20 cents .per share in
as
'P.
155,
YyYY'Y
;.
Sept.
on
30
..-•^
,y
v
Thq
directors
share
and
the
have
declared
extra
an
12'/2
of
dividend
cents
after giving effect to
such purchase, the value of the assets of the company remaining after
provision for the liabilities of the company shall exceed the sum of (1)
$100 in. respect of each share of preferred stock at the time outstand-'
ing, plus all dividends thereon accrued and in arrears, to the last
regular quarterly dividend payment date; (2) such amount in respect
of each share of junior preferred stocx at the time outstanding as
shall be fixed in respect of such junior preferred stock as the "fixed
involuntary liquidation preference," plus all dividends thereon accrued
and in arrears to the last regular quarterly dividend payment date;
and (3)
$0.10 in respect of each share of common stock at the time
outstanding.
\
Y-YY" ■=•
■
;
V\-' ♦' '*.">.••
...
The restriction set forth in (i) above may be waived, however, either
generally or In specific instances by resolution adopted at any annual
or
special meeting of the stockholders by the affirmative vote of the
holders of a majority of the preferred stock then issued and outstand¬
ing, voting as a class.
"YYY
•• " v
V YY;
The value of the assets of the company for the purposes of the fore¬
per
quarterly dividend
12V2
of
General American Investors Co.
cents
per
Stock
Inc.—Preferred
■Called—
The
j Mar; 31,
tion
i be
2,000
Feb.
25,
closed
to
for .redemption
called
1942, at $100
date,
''after
,
has
company
the
$6
stock
of the
transfers
cumulative
transfer
Co,
price
of
Will
be
fund
on
called
shares
of
made
the
at
for
w.ll
corporation
the
redemption.
Payment,
share.
The redemp¬
a
Bank
National
Commercial
On and
stock.
preferred
books
•including the accrued dividend, will be $101.50
tion
sinking
the
share and accrued dividend to the redemp¬
a
shares Ofrtts
1942,
for
going provisions shall be deemed to be the aggregate value of all assets
including securities owned by the company taken as of the day of
determination on the basis of the closing sale price thereof or, if there
Trust
&
New-York, 46 Wall St., N. Y. City.—"V. -155, p.-189.
be
General Candy Corp.—25-Cent Dividend—
;
The directors have declared
v
.
$2.50
;tnade
this
on
and Dec.
March
issue:
>
a
A
10.
days
stock,
June 20 and Sept.
Compare V. 155, p. 399.
March
23, 75 cents.
closing sale price, the closing bid price therefor, or in the
event
there is no closing sale or bid price at the estimated value
thereof; such determination to be made on a day not more than three
dividend of 25 cents* per share pn the
par
$25, payable March 20 to
During 1941 the following payments were
non-cumulative ' class
holders of record
„
■•--*•
20,
j
The
.
v
York, New Haven & Hartford RR. is Obtaining five more
freight locomotives for use between New Haven and its Long
yards, it is announced. They will weigh 250 tons each, with
180 tons on drivers, and will have a maximum continuous rating of
approximately 4,900 hp. Single-phase, 11,000-volt power will be used.
In
outward
1943,
the
appearance
will
be like
the
units
155, p. 637. .*
\
,
put- in
>
,
(& Subs.)r E&rmngs-
sum
;
? v Year» Ended
Gross income
Nbvi-30^
to
pay
'
'1938
■
Y> 904,193
1,187,916
917,078
215,760
191,691
-194,157;
;v
'
69,343
26,546
,57,296
common
stock
on
73~300
88,400
$726,022
$403,346
25,050
171,538
«
$163,960
'-P 54,503
Y;53,564
173,015- ',>'•214,540
54,171
«• 173,015
■
1;
$339,079
J
W? 73,839yY
stock
.
"
Consolidated
Assets—
-
.
*
•
Balance
'
Notes
and
Deals
in
accounts
current
receivable™
receivables™
in
subsidiaries
Mid-America
Mid-States
16,313,561 -11,525,127
•Debenture
sinking
Deferred
$541,818)
life
Total
23,155;:
38,826
78,525
84,307
.
16,548
26,923
.
84,772
41,379
16,833
$20,487,495 $14,351,351
-
for
Reserve
for
Deferred
46.585
Income
144,111
335,438
230,126
745.961
542,091
:.v 333,595
Y
673.000
269,382
-.
receivables sold
1
contra)
Scries
B—5'1
convertible
Series
C—Vr
debentures..
Series
At—5'r
cumulative
Series
B—S'r
cumulative preferred
debentures.
.
Capital
Total
155,
p.
current
A
dividend
stock,
no
15,
of
par
1941,
154, p.
requirements.
775,284
25
cents per
payable
value,
into
transfers
and
Sept.
25
15,
cents
made
were
of
taxes
such
of
the
stock.
proposed
restatement of capital will reduce
the aggregate
of capital represented by the preferred stock and common stock
below:
to
*
-
at
each;
and
record
Dec.
*
15,
75
Robbins
M.
L.
p.
has
been
—V.
■'
$1,195,538
^_™_™_»_™_-™—™-™-—™™-«.
United States Government securities
;
2,571,760
—™™_.
1,738,360
receivable w™
•Accounts
(at cost)-
process
materials
of
and
153,094
283,275
supplies.™-.™.™.™™.
receivable
other
and
V-
—™.—-—
under construction
balances---™--™™.-.
85,681
,
450,000
contracts------------.™.
15,400
™—™—™—™,
8,394,421
met)
estate, plant and equipment
172,072
$15,059,602
$395,647
payable.
expenses
Provision
for
(Capital
127.796
Federal income
111,000
tax———
—_i.
stock
Capital
30,062
—
taxes
Provision for
6,901,500
—
surplus
150,000
-
EBtqed surplus
7,479.587
._
Drl35,990
(Treasury ""stock
Total
$15,059,602
—
retained percentages, $525,480.
(Represented by
shares.
(11,000 shares, at cost.—V. 151, p. 2044.
552,120
♦Including
no
par
'
Gull States' Steel Co.—Bonds Called—
sinking fund 4J/2% bonds, due
that $86,000 principal amount of
for redemption on March 24 at
IOV/2 %
and accrued interest.
The bonds will be redeemed at the
City Bank Farmers Trust Co., trustee, 22 William St., New York
Holders
Oct.
1st
of
15,
these
1961,
bonds
(closed)
mortgage
notified
being
are
been
have
drawn
lot
by
1276.
■City.—V. 153, p.
•<
Haverhill Gas Light
"•
1942—12 MOS.—1941
1942—Month—1941
$51,544
revenues-
Operation
'
,'C
Co.—Earnings—
Period Ended Jan. 31—
Operating
$49,162
$552,416
$548,993
—•
35,242
33,266
351,041
347,277
Maintenance
2,486
2,670
30,208
34 226
Taxes
7,759
7,255
87,415
84,310
$6,058
$5,971
$83,751
$83,180
™——j™—
Net oper.
Non-opcr.
revenues™:
.
10,992
8,842
$94,744
$92,023
Y
$6,377
Retirement
688
$6,659
319
net_
income,
Balance
2,917
2,917
35,000
$3,460
$3,743
$59,744
accruals
res.
35,000
-
Amt. after
stock
ferred to
Restatement
Cap. Surp.
$669,600
Interest
Y
Net
—V.
$57,023
43
552
$3,700
$59,192
$56 292
*
44,226
39,312
"••••y 43;.'....Y'.y
charges——
;Y;
income
$3,417
declared
Dividends
155, p. 400.
Y';Y
.v
*
731
.
•
Hercules Powder Co., Inc.—60-Cent Dividend—
The
directors
the
on
Feb.
on
declared
25
a
dividend
of
60
cents
per
share
stock, payable March 25 to holders of record March
common
13.
follows: March 25, June 25 and
Sept. 25, 60 cents each; and Dec. 19, $1.20.
(Compare V. 154, p. 1264.)
Distributions
—V.
155,
during
1941
Y;...:-
503.
p.
as
were
:;.
.
Y.... .Y-
,
Heywood-Wakefield Co.—Accumulated Dividend—
dividend
A
preferred
2
32
will
602,897
$2,011,141
stock,
$2,046,519
$2,011,141
during
of
share
per
has
& Dauch
of 25
declared
5%
payable
the
on
1, June 2 and Sept.
amount
1941, and one
2,
Arrearages after payment of the current divi¬
$2.50 per share.—V.; 154, p.
dividend
been
on
account of accumulations,
Feb. 23.
Distributions of like
$25,
record
1.
Dec.
on
be
cents
par
this issue on March
on
Hinde
66,989
$742,889
31(4
holders
cents
dend
of
stock,
B
to
made
were
of
$1,395,000
Y
13.243
6.300Y
,
669.886
j
,
income
Gross
;
$2,754,029
$35,378
surplus—
155, p.
Oct.
696.
958.
Paper Co.—25-Cent Dividend—
cents per
1941
share
has been
declared
the
on
common
were
as
27, 50 cents each.—V. 154, p. 1378.
and Dec.
1
1 to holders of record March 7.
Distributions
follows: April 1 and July 1, 25 cents each; and
April
payable
a
Vice-President.
He
cents.—
Woodward
succeeds
compared to $761,000 a year earlier, a decrease of $86,000.
1
In accordance with the authority given the officers and directors of
155,
p.
T.
Stevens
as
a
advises
the
New
York
Stock
par
$24,075
$32,300
of
the
certificate of
reduction
of
incorporation as follows:.
.
.
its
stock
(no
.
$2,982 334
2,117,782
$1,050,090
$864,553
246,621
•
Equipment and joint facility
186.830
279,180
183.341
Railway
,
Other
and
income
—
—
$524,290
No
Income
—v.
155,
rentals
over
p.
540.
Goodman Mfg.
...
—
.
$503,092
362,960
charges
of approximately $93.06 per share to $30
stock
305.197
$168,901
Y;.,Y,.; Y-Y
;
$137,895
Co.—50-Cent Dividend—
RR.—Earnings—
working capital
drops
came
was
due.
Y Y..
•
Cost
for
Earnings
sales, less returns,
of
Ended Dec. 31,
the Year
1941
allowances and freignt out
goods sold-
$5,039,476
3,440,095
—
550,305
and administrative expenses
Provisions for depreciation
Selling
126,305
$922,772
57,926
Profit from operations..—
income
'
—
Cash
discounts
on
$980,697
92,866
35,925
3,698
46,850
3,635
478,463
sales
Interest
Bond
amortized™!
and expense
discount
Unamort,
bond
disct.
and exp. and
prem.
on
bonds retired
Miscellaneous deductions
Provision
Net
for
taxes——
income
$319,261
profit
Dividends
on
on
common
stock
preferred
Dividends
stock
——
—
-
Earnings per share of common stock
Balance
Sheet,
Dec.
39,822
69.746
1 $3.00
31,
1941
-
,
.,
,
,
when
1941
defer
refinancing
'
munity Power & Light
paid
Balance
the capital represented by its outstanding 669.886
The-directors have declared a dividend of 50 cents per share on the
shares of common stock (no par) by $602,897 from $669,886 to $66,989,
common stock,
payable March 31 to holders of record, the same date.
i.e., from $1 per share to $0.10 per share.
.
v
During 1941, the following payments were made: March 31, June 30
There will be no revaluation of the assets of the company in connec¬
and Sept. 30, 50 cents each; and Dec. 20, $1.—V. 155, p. 824.
tion with the proposed restatement of capital. .'
.''
„■
(2) The amending of the certificate of incorporation by the insertion
;
Grand Trunk Western
therein (in addition to the present restriction that redemption or pur¬
1940
1939
chase for retirement of preferred stock may be effected by payment
y. ,Jan._
w :
y.; V:-. 1942
1941
,124,647
$1,802,321
out of the surplus or .net profits of the company or bv the application
Gross from railway—__
$2,389,000-r $2,364,517
504,290
■ 298,619
of capital, except that when any* dividend on-the preferred stock or
Net from railway—_—
457,839
662,393
286,118 I
96,923
Net ry;- oper. income^— a ; 244,814
junior preferred stock is in arrears, such redemption or purchase may
387,469
be made only by the application "of capital) of the following restrictions
—V. 155, p. 540.
V ; ^Y
"v
Y
'
on the purchase of preferred-stock and. common stock, namely:;..; .,
(IK no purchase, of .preferred stock- shall be made at .any. time when
y Group Securities, Inc.-—New Director—
any /dividend on the preferred stock,, accrued, pp . to Jhe last regular
,Y". Dallas SY Townsend has been elected to the board of directors.
quarterly dividend payment date thereof, shall be in; arrears, if, after
—vY.155, p. 600. Y ;; y
Y y
'
.Y;
giving effect to the retirement of the preferred stock proposed to be
purchased, the value,of the assets, of the company. remaining after
Y Gulf Public Service Co.—To be Recapitalized and Con¬
provision for the liabilities of the company, shall exceed $100 in respect
of each share of preferred stock, plus all dividends thereon accrued
trolled by Southwestern Public Service Co.—See Comand in arrears to the last regular quarterly dividend payment date; and
\
when working capital falls below
be
to
undertaken to secure a lower interest rate—
time of payment on the issue as a whole and anticipating that
would be a better year for refinancing than
1946—when the
Other
..,
(c)
purchase of common stock shall be-made 4tt any time by the
dividend
$850,000.
The
Gross
$531,861
and
mortgage.
8,711
income
Interest
the
to
common
$494,382
from
$669,600, i.e., from $92.50 per share to $30 per share;
(b) by reducing the capital represented by its outstanding 21o »*ares
of $5.50 dividend preferred stock (no par) by $13,243 from $19,543 to
then
preferred dividend to be paid
issue
rents-
7,572
operating
of
$750,000.
below
to
share; and,
by reducing
more
No
2,544,321
par)
the
average
or
1940
intention
each.
First Wisconsin National Bank.
Northwestern Mutual Life Insurance Co. Secured by
registered bonds without coupons payable $50,000
annually, to be applied first to the liquidation of the bank
3%,
4%,
amount
like
a
loan
1941
.
an
Preliminary
Earnings—
outstanding and
$0.10
conditions:
$250,000,
Southern & Florida Railway
at the special meeting of stockholders in June, 1940,' a
57o bonds was effected under the following terms
company
$450,000,
director.
as
refinancing of the
824.
Capital, Etc.
of
the
long-term funded debt amounted to $675,000
1941
end of
the
and
Pres¬
by reduction of the capital represented by its outstanding 22,320
shares of $6 dividend
preferred stock (no par)
by $1,395,000 from
$6,300, i.e., from
1941
$154,301
$3,594,411
Exchange
value
1942
$214,200
1941
1942
—V.
—Jan. 1 to Feb. 14—
Week Ended Feb. 14
Period—
Georgia
Robert
Annual
—
Report—New Financing In 1941—
'A
Is
Green Bay, Wis.
Hoberg Paper Mills, Inc.
At
(a)
no
equipment.
'
Balance Sheet, Dec. 31, 1941
'
.
Georgia & Florida RR—Earnings-
27.*
March
capital of the company by $2,011,141
$2,754,029 to $742,889. said reduction to be accomplished:
(it)
■
shares of no par value
f
Assets—""
Cash
common
Feb.
foregoing change is to be taken in connection with a proposed
restatement of the capital of the company and certain further amend¬
per
for depreciation of plant
capital stock..
$703,637
550,695
$0.44
<
and
General Public Utilities, Inc.—To be MergedPower & Light Co.—V. 154, p. 958.
The
$2,064,600
as
See Community
Vice-President, Etc.—
elected
equal number of shares of the
The
deducting
'
:
;
March
19,543
Capital
502.
Corporation
(1)
'
.
A
cost.—
:"-f.
■'.
to change the par value and designation of its 669,886
listed shares
(authorized 700,000 shares)
of common
to
—™.™_,—™_™i__„-.
"
be
the
."
$2,064,600
Common
$14,351,351
the
on
General Public Service Corp.—To Reduce
ments
outstanding shares
stock par $0.10 per-share is
and to reduce transfer
Calendar Years—
an
♦After
(On 54,112
preferred
reduced
the
company
Restatement
ident of the General Food Sales Co., Inc.
into
paid
tEarnings per share„_^™*™.»™-—™.™.™-™.™_.__
'
this issue:
on
'■•"'■■■'
General Foods Corp.—New
Earnest
of common
shares
Operating revenue (est.)
—Vv 155,
to
as
above
$5.50 dividend preferred stock
(6,061
shares
share has been declared
March 14 to holders of
payments
1492.
William
and
$6 dividend preferred stock—
519,071
•
$20,487,495
t2,760
so
Amt. before
Extinguisher Co.—25-Cent Dividend—
the following
16
June
V.
111,000
$236,193
r-
—
824.
General Fire
During
deposit
over
common
franchise
$2,754,029
shown
865,075
Yyyy
——
(a)
of
200,000
527,627
stock.
—
♦Including
V.
Dividends
"fixed involuntary liquidation
Amt. Trans-
865,075
Stock
.....
common
the
incorporation
870,930
853,850
surplus
Treasury
as
$742,889, and the difference of $2,011,141 will
credited
to the - capital surplus
account.
By such restatement
individual;accounts on the books of the company will be affected
from
500,000
1,879,993
preferred stock
the
stock
the
on
The
695,000
1,256,882
stock
reduce
amount
'
Common
stock
of the change of the authorized and
purpose
common
taxes
102,086
__.™_™_™__
of
meeting
for
share
of
207,255
224.912
....
—
...
losses
for
Reserve
income
of favorable
event
annual
to
289,577
payable and accruals..
Y
dealers
Net
capital).
$8,937,000
300,000
...
taxes
for
Reserves
•
Accrued
of the company above
the
The
$11,655,000
Reserve
such
certificate
its
the
per
....
.V.;.
Liabilities— 1
Other note payable
Accounts and insurance
of
respect
35,000
'
.Accounts
$5.50 divi¬
referred to.
action by the stockholders of the company
stockholders, to be held March 2, on the
reduction of capital and the amendments to the certificate of incorpo¬
ration relating to restrictions on the purchase of stock of the company
and the payment of dividends, the proposed change of the common
stock to slock of the par value of $0.10 per share will be presented
to the stockholders at said meeting; (unless at. that time the company's
assets at market value should not be sufficient to leave at least $0.10
In
at
25.471
,
insurance
the
ration
742,738
investments™.-;.™
....
343,000
345,625
i™™_,™..
;™—
y
fixtures..y_y™™_yy..y_- YY
and
69,579
296,250
charges
Furniture
101,905
*
-
1
*
of
and
85,151
y.
1
fund
value
receivables
Co
value,
269,382
cost:
Co
(market
••
•:
28,708
•
consol.—at
291,935
•
333,595
basis
_™
not
Insurance
Insurance
securities
surrender
$1,530,590
148,036
Marketable
Other
1941
'
on a nonrecourse
' •'
'
1940
$1,976,923
automobiles..—■
Investment
V ri''
'YY.
30
process
Repossessed
Cash
Nov.
_
Equity in receivables sold
Other
Sheet,
*.y Y ■/ ;■?■■■:. - y
,:-v
Cash
and on the
$509,160,
provide for the
indemnification of(its present and future directors and officers against
certain expenses reasonably incurred In connection with or arising out
of any action, suit or proceeding in which such officer or director may
be involved by reason of his being or. having been a director or officer
of the company and (b) so as to state that the provisions of the cer¬
tificate of incorporation relating to dealings between the directors and
the company shall not protect or purport to protect any director or
officer "of the
company against any liability to
the company or its
security holders to which he would otherwise be subject by reason of
wilful misfeasance, bad faith, gross negligence or reckless disregard of
the duties Involved in the conduct of his office.
/
The board of directors, at a meeting held Jan.
12, 1942, adopted
resolutions' approving
and declaring advisable the above mentioned
change of the common stock and further adopted a resolution relating
to the reduction in the capital of the company and approving and
declaring advisable the other amendments to the certificate of incorpo¬
1,647
!™™Y"
preferred
on
Divs.
29,000
interest—Cr__
Net -income
of
the foregoing restatement of capital and amendments
certificate of incorporation the company proposes to further
amend
135,000
Addit'l prov. for losses.•
Divs
applicable to prior years™™™—™
Provision for Federal income tax
1™—_™
'
■1 "
$382,193
—
taxes
Liabilities—
In addition to
to
JBrov. for Fed. inc. taxes
-y
''"" ;|
-
aggregate
an
127,226
32,263
..
'
»
income
for
earn¬
•
228,492
-
Minority
Total
other
*
for the liabilities of the company, shall equal or exceed the
$106 per share in respect of each share of preferred stock
and (2) such amount per share in respect of each
junior preferred stock then outstanding as shall have been
fixed, lit
"
Provision
it)
of
ij_™
Prepaid expenses and deferred charges™————™.
outstanding
share
$1,335,701
819,999
per-
sonnel
„•
•
?'v. 1939
$1,668,996Y $1,550,159
$2,239,127
•Operating expenses yy
Int. charges and exps._
Variable
V'<1940
and
,
Real
including in both cases dividends normally pay¬
1942, amounted on the $6 dividend preferred stock to
1,
share, or
per
of
then
"
1941y
•
amendment
discounts
——
(net)™
t>
Deposits
stock
.preferred stock to $23.37 V2 per share, or an aggregate of $4,909.
(3) The amendment of the provisions of the certificate of incorpora¬
tion as toll dividends by adding a further proviso that no dividends
shall be declared and paid upon the common stock unless the value
of the assets of the company determined not more than three days
prior to the declaration of such dividend in the manner above set
forth, after giving e.fect to the payment of such dividend and after
provision
General Finance Corp.
preferred
of
owned,
of equipment
sale
"*
arrearages,
Feb.
on
$25.50
'j They will be built by the General Electric Co., which also supplied the
earlier ones.—V.
purchase
securities
on
(net)
on
Advances
dend
scheduled for delivery
service in 1937.
locomotives,
new
streamlined
six
proposed
Dividend
able
electric
In
proposed
the
ings
Prolit
$222,704
——
Investment
issued.
been
■
New
.Island
j
of
date
Interest
>-
Earnings for the Year Ended Dec. 31, 1941
operating profit
Inventories
also contains similar restrictions as to
the authorized junior preferred stock of the company.
The junior pre¬
ferred stock was authorized in 1929, but no shares of such stock have
General Electric Co<—Receives Locomotive Order—
-
The
the
stock.
common
or
%
25 , cents each,
20,
to
prior
■)
♦Net
-
Work in
such
no
Great Lakes Dredge & Dock Co.—Earnings—
y
respectively, shall be In arrears, unless,
thereof,
share on
the common stock, both payable March 16 to holders of record March 2.
Similar distributions have been made each quarter since and including
March -15, -1941
(see V. 154, p.-12631.—V. 155, p. 306. •
V
.■
regular
accrued up to thelats regular quarterly dividend payment date
stock;
'•1 {•
*
when any dividend on the preferred stock or junior preferred
company
■
G&ylord Container Corp.—12V2-Cent Extra Dividend—
'
'
919
THE COMMERCIAL & FINANCIAL CHRONICLE
Number- 4051
.•
'''imam
Co.-r~V, 151r p. 1573.
w
,y
>
„
accounts receivable, trade (net), $433,769;
accounts
receivable, employees, $1,607; inventories, $1,048,720; cash
surrender value of life Insurance policies, $78,867; other assets, $61,661;
$115,978;
Assets—Cash,
property,
$32,076;
plant
total,
and equipment
$3,505,305.
(net),
$1,732,626;
deferred
charges,
due within one year on long-term note pay¬
able to bank, $50,000; accounts payable, trade, $141,599; accrued wages
and salaries, $46,101; accrued property taxes, $43,529; accrued interest
Liabilities—Payments
payable,
$2,063;
provision
for
Federal and State income and excise
ilTilittHliiyiVT-'^'lfl
1
(after deducting U. S. Treasury notes to be applied in partial pay¬
of Federal income taxes of $50,000), $459,678; long-term liabili¬
taxes
ment
6"k
$625,000;
ties,
stock
common
preferred
cumulative
(92,995
no
31, 1941
Earnings for the Year Ended Dec.
profit
sales
on
selling,
administrative
and
office
expenses
of
.plant
income
$729,727
_z_——
Provision for depreciation
i
the
cumulative
5,003
34,904
(net)__z_——___
$501,161
taxes—/.;.:—
Net profit before special credit and income
37,494
♦Special credit.
.
$538,655
for income taxes;
Provision
tFederal*—normal
and
Declared value excess
149.418
6.200
_:
29,302
<
$353,735
/■
Balance Sheet, Dec. 31, 1941V 77. X
V.;/
V-'.-;'-'
inventories, $1,627,964;
receivable (net), $790,140;
accounts
7
marks
prepaid ex¬
liabilities,
accrued
$284,707;
payable,
Liabilities—Accounts
of
of
the
154,
7
($100
stock
held,
including
cents
Union
held
of
shares
The
declared
have
directors
of
dividend
interim
an
and
will
International,
of
par)
accumulated
certificate of con¬
7% prior preference
for
receive
and unpaid dividends
of
stock
common
Union
be
March
to
eaca
cents
also
share
per
declared
the
regular
of
of
shares
and
Potash
'
,
^
1942
",
,
Gross operating revenue ____.
Operating expenses and taxes'—J
v
and
$192,591
of
exclusive
interest
the
such
Potash
Union
retirement
continuing corporation.
stock of Union Potash
will
shares
be
148,355
,
action
of
shares
the
on
bonds
ment income
:
Interest oh
interest
certificates
adjustment income
initial
an
in
that
a
p.~ 60IT
for
issuance
upon
upon
"
.
of
of
issued
the
the
on
will
stock
not
in
issued
be
will
thereof,
lieu
be
excess
of
salvage
reorganization
for
plan
approved by
has been
corporation
the
7/
for
stock
following: Willard E. Rock¬
Marschner, western
manager„of the New Departure division of General Motors Corp.; J. W.
Rothmeyer, Detroit consulting engineer; Bigham Elben, attorney, and
John E. Murphy, who has been trustee.—V. 155, p. 825.
;
■
chairman of Timken-Detroit Axle Co.; F. W.
well,
'
returns
and
30, 1941
allow¬
$4,058,340
3,799,503
♦After
of
7
112,964
64,839
$5,945,329
90,864
$1.61
7
of
charging operating expenses, maintenance and depreciation
selling expenses, general and administrative ex¬
and bad debts, less discount on purchases., ton 93,837 shares
properties,
stock,
value.
par
no
$165,420;
notes
Nov.
30,
*
1941
7
•"
.
'
•
$435,540;
and accounts receivable,
In¬
$48,298; employees' notes, par¬
tially secured, $6,091; cash surrender value of life insurance, $16,835;
plant and equipment (net), $491,681; deferred charges, $29,232; total,
$2,405,856.
prepaid expenses,
$1,212,759;
,
•
payable,
$400,000;
accrued
$198,170;
etc.,
wages,
250,002
223,354
2.395,090
1,958.830
1,033,289
7
926,383
722,592
1939
1940
77
$911,307
$640,389
$692,824 '
..■51,164
opers.
income
13,939
12,979
74.974
211,630
<
1941
Calendar Years—
7
Net profit from manufact'g
r
Other
77
Total
;:;.7
7
V
Admin.,
gen'l
962,457
527,368 "V
Interest
39.727
45,040
49,556
121,469
on
and
4,333
74,116
82,172
-
65,728
-
59.070
7
3,088
6.141
73.736
79.956
>,
bonds__,7
80,699
Prem. paid on redemp. of 6% bonds
Depreciation and amortization-,^-,
11,250
162,058
166,108
185,108
7 70.272
122,823
——
101,053
75,212
patent expenses
development-;.-,
and
notes
Federal
7
552,606
*83,226
/'•
and
Experimental
$653,367
s:
$705,763
$962,471/
income
Interest
/"
1,214,327
*
Amortization of discount
103.221
Keyes Fibre Co.—Earnings—
properties
Rentals, taxes, etc.
34,872
—
985,874
of
.Operating, income
$186,204
accounts payable for merchan¬
taxes, etc., $41,831; pro¬
vision for Federal and State income and excess ppofits taxes, $84,927;
reserve
for
hospitalization,
$3,600; 8%
cumulative preferred stock,
$435,900; com. stock (93,837 no par shares). $39(9,128: capital surplus,
$84,365; earned surplus, $757,935; total, $2,405,856.—154, p. 643.
$5,767,526
123,142
operation
profits
excess
79,790
Liabilities—notes
,
use
and
income
7
dise, expenses,
charged to operations as net unaccrued
of
State
dividends
common
retirement
term
and
Assets—Cash,
1,062,314
upon
Federal
dividends
ventories,
303,065
_______________
computed
7,155
$265,993
taxes
Consolidated Balance Sheet,
the
145,614
to property
realized
$258,838
-
(net)___
tEarnings per share
$6,643,871
—
Taxes
,,:'
of
7 .7 7
Subs.)—
(&
Net:;Income
physical
1940
1941
Conducting transportation
General, including accidents
Detroit.
"'"/.";777'
details of plan, see V; 155, p. 503.1
Judge Picard appointed as directors the
Co.
Shoe
:
Preferred
but scrip
accompanied
802,757
Power
deduction
before
taxes
further
without
preferred
ordinary
incident
in
income
for
Provision
present volume of business,
the merger, it is expected
of
cumulative
4%
—*1
Maintenance,
$138,801;
sold____^.,____
Net income
issued,
when
which,
of the
consummation
new
________——;
Expenditures
Shinkle
&
operating profit'
/Net
$7,092,550
.$70,125
after
shoes
Miscellaneous
~___!—
revenues
of
Common
stock
common
Passenger revenues
Freight
bank, $34,000; accounts payable, $316provision for Federal taxes on income
to
Stephens
♦Cost of shoes
7
continuance
the
of
event
payable
discounts, etc.
ances,
penses,
dividend
retired
7 stockholders and confirmed by Federal Judge Frank Picard at
discount
income
on
taxes
General contingent
.
..
.
Z 162,641
-*
51,227
15,009
25,000
reserve„i,i_,^
Depreciation and amortization of miscellaneous
7
Huyler's—Control Sold by Schulte—
*
Virtual
r
control
Interests
by
a
of
' v'."-'-",
7:7.-'''
Huyler's has been acquired from the D. A. Schulte
syndicate
headed
by
Harry
O.
Chairman
King,
of the
bankers, for an undisclosed considera¬
will continue to own the shares, and no public
contemplated, it is said.
7.
• >
V
The entire holdings of D. A. Schulte, Inc., of David A. Schulte, and
; of closely related interests, have been acquired by the syndicate, which
7 now owns upward of 80,000 common shares out of 210,000
shares
& Co.
The
V
<
about 7,000 shares of first preferred stock out
and the entire outstanding 32,500 shares
two-thirds of the first
'7-. v 7 •
A new board of
18, as follows:
Winston
Paul, Chairman; Charles J. Gregory, President;
R. Emerson Swart,
Harry O. King, Lucius M. Boomer, President of Hotel Waldorf-Astoria
Corp.; Louis Sherry, .Inc., and Savarins, Inc.; S. K. Young and Clar¬
trust
certificate
preferred shares.
holders
representing
7:7':; .7\
directors was elected Feb.
Dimmock
O.
ence
Jr.—V.
152,
.
.•...'/
1283.
p.
■
-
.
Independent Pneumatic Tool Co.—50-Cent Dividend—
The
the
,
•
rail and bus property
directors
common
July
were
and Oct.
1
have
dividend
a
28
to
of
cents
50
curred
held
being
in
,77'"'.;77 ;7/j/7 7.7/
.'
,7:'
Union Potash & Chemical Co.—Terms of
—
tDoes not include expenses of $71,418 in¬
Service Commission investigation.
This
of
pending manner
154, p. 1192.
7
disposition
by
;7
Liabilities—Accounts payable, $118,323; accrued interest,
other accruals, $54,454; provision for 1941 Federal income tax,
Louis
Ware,
excess
of
$2,600,000,
to
stock, class A stock
total, $3,488,124.—V.
Corp.—Contract
Feb. 26 announced that it has been
Maritime Commission that it has been
the radio equipment on 381 additional
result
a
is
the
of
producing
equipment of a
the Commission's radio
revolutionary
For
Exchange For
Interstate
and of Union Potash & Chemical Co. (Colo.) in
International has a present cash investment in
an
Jackson Michigan Theatre
Corp.
Minerals
declared
initial
dividend
of
t
50
.-/
,
have
been
called
for
March
30,
to
approve
the
merger of Union Potash & Chemical Co.
International is the country's largest producer of
into International.
phosphates and is
currently adding to its production capacity by the construction of a
new
mine
and plant in Florida, which,
in addition to supplanting
tonnage from exhausted areas, will include improvements that will
increase the efficiency of this operation.
The merger of Union, which
produces various grades of potash salts, into International would assure
to the continuing corporation adequate
sources
of supply of these
necessary basic raw materials.
International
is presently engaged in supervising the construction
for the Defense Plant Corporation, an agency of the U. 8. Government,
proposed
,
of
All
outstanding Jackson Michigan
the
Theatre Bldg.
a
magnesium
metal
^lant
at Austin,
Texas,
and
a
magnesium
chloride plant at Carlsbad, N. M., at a cost of approximately $18,000,000.
Such plants will be owned by Defense Plant Corporation but
International
will
be
paid
a
management
fee
for
supervising
con¬
under
profit,
Federal
for
1941,
Federal
after
operations of the two companies
and excess profits taxes,
income
for preceding year.
taxes
amounted to $625,636
$473,632
in
1940.—V.
154,
p.
in
1941,
com¬
1379.
directors
on
of
Feb.
on
April
1
to
series
the
B
materials
and
20
declared
holders
of
cumulative
7%
taxes,
as
well
as
uncertainties
as
to the
future
earnings, indicated such action at this time as a matter of conservative
policy.—V. 154, p. 751.
,77.
.
•
'-77
- ,
first mort¬
6% gold bonds have been called for redemption as of March 20
and interest. Payment will be made at the Central Trust Co.,
mortgage trustee, 127 East Washtenaw bt., Lansing, Mich.—V. 130,
p. 475:
Laclede Gas Light
Co.—Earnings^—
\
par
Calendar Years—
„
The
Engine
Aircraft
directors
on
Feb.
Co.—Initial Dividend, Etc.—
declared
20
an
initial dividend
of
15
cents
618,546 shares of no par value common
capital stock, payable March 10 to holders of record Feb. 28.
Current operations of the company are stated
to be substantially
in excess of the average for 1941.—V. 155, p. 52.
•
* *
per
share on
the outstanding
Total
Jones & Laughlin
A
dividend
stock,
of
payable
75
cents
April
6
Steel Corp.—75-Cent Dividend—
pkr
to
.
share has been declared on the common
holders of record March 6.
A -similar
.1939
-
1938
t$6,753.943 t$6,668,178
366,788
360,551
Maintenance
expense
__
expense—_
Operating
profit——
Deductions from income
Net income
-
437,968
374,870
$7,322,598
2,555,302
expense
Taxes
Retirement
1940
$6,947,728
$7,515,686
revenue.
revenue
Operating
\
2,952,439
1,395,248
Non-operating
Jacobs
1941
*$7,077,718
Operating revenues-^
.
of
sub¬
the following quarterly dividends,
record March 16: 87'/a cents per
preferred stock; 75 cents per
share on the series C 6% cumulative preferred stock; and 62Va cents
per share on the series D 5% cumulative preferred stock.
These are
half the usual quarterly rates on these issues.
7
7.7
Explaining the reduction, Andrew J. Gonnoud, President, stated that
impending restrictions on supplies of gas making materials, rising
gage
at
net
a
payable
cost
Bldg. (Bijou Theatrical En¬
terprise Co. of Mich.)—Bonds Called—
wholly-owned
became effective Jan. 1, 1942, under
For each share of Keystone Watch
the plan three shares of Riverside Metal
Co.,
Kings County Lighting Co.—Halves Pref. Divs.—
The
all
.
Aircraft & Engineering Corp.—Initial Div.
have
$877,882;
company.
ended Dec. 31,
year
Provision
cents per
share, payable March 5 to holders of record Feb. 25.—V. 149, p. 3411.
directors
exchanged
formerly
its
and
corporation
Metal
latter
pared with $144,867
type standard for the radio equipment on the other
yet to be constructed.
The new contract with Federal
installation which is being made on the first 312
,
the
the
$619,326 against
share
The
surplus,
$566,666;
'7'
the
showed
of
of
was
stock.
of
Riverside
name
there
design
«./"■"
7
To Merge
the
performance
155, p. 696.
merger
sidiary,
■
same
vessels.—V.
stock,
common
Keystone Watch Case Corp.—Merger—
A
general
ships
the
for
met
and
154, p. 657.
on
supply
specifications and,
at the same time, cut the installation time on the ships to one-fifth
and brought additional savings in materials, labor, and in the precious
shipboard space for which the Commission is applying every develop¬
ment the marine industry can produce.
A number of these installations has already been made and have
Liberty
President of International Minerals & Chemicals
latter company
as
which has
set
& Chemical Corp. (N. Y.),
which
ships
on
that special meetings of stockholders of International
Telegraph Co.
United States
the contract
$16,731;
$185,108;
general contingent reserve, $24,260; first mortgage sinking fund 4'/a%
bonds, due Oct. 1, 1956, $1,400,000; pr. pref. stk., $244,700; preferred
the emergency Liberty Fleet.
Federal Telegraph is a sub¬
sidiary of the International Telephone & Telegraph Corp. and re¬
ceived the
original order last year to equip the first 312 Liberty
18.
Stocks—
advises
the
by
7/./.;.H;;
1941
943,006
,
of
ships
share
"■
International Minerals & Chemical Corp.
Federal
The
advised
$245,688 /.' $205,217
other
International Telephone & Telegraph
awarded
Dec. 31,
Balance Sheet,
(
Assets—Cash, $150,964; receivable^ $346,151; inventories, $575,658;
assets, $7,180; land, buildings, machinery and equipment (net).
prepaid
expenses,
$44,150;
unamortized bond discount;
$745,266 7, $2,108,332;
t$512,006
and expense, $78,127; patents (less reserve for amortization), $177,560;
x
on
the above nonA goodwill, $1; total, $3,488,124.
949,230
suspense
Commission.—V.
Public Service
~*~$317,753~(
..."
profit
$197,739
$437,224
Public
of
account
on
amount
March
per
record
of
holders
during 1941 as follows March 29, 50 cents;
cents each, and Dec. 24, $1.
Compare V. 154,
made
1, 75
7'7
1529.
declared
stock, payable March
Distributions
p.
item of interest.
recurring
Net
45,000 shares outstanding,
of second preferred stock.
All classes of stock have one vote a share,
indicating a 42% voting control of the company.
Under a voting trust agreement dated Oct. 31, 1940, the entire issue
of Huyler's first preferred stock was placed in a five-year voting trust,
which was subject to termination after Jan. 1, 1942. upon approval of
voting
1
on
is
and outstanding;
Issued
of
7
deprec.
syndicate
distribution
7
bef.
Income
Depreciation on rail and bus property-.
of New York, investment
tion.
;7
physical property
Brockway Motors Co., and R. Emerson Swart, President of R. E. Swart
•
'
'U '--,y
the
of the merger,
common
be
basis
the
Amount
(For
5^723
.7
100,006".
Consolidated Earnings for the Year Ended Nov.
sales
Net
shares of common
all of which
consummation of the merger, be surrendered
Years Ended Dec. 31—
Hupp Motor Car Corp.—Plan Confirmed—
"i
;
presently owned by International,
shares
will
depreciation
The
(
no
Johnson,
1728.
p.
"
;
v1
par
shares), $1,632,076; capital surplus,
$1,426,316; total, $4,181,340.—V. 155, p. 697.
(165,768
earned surplus,
quarter beginning April 1, 1942, will be paid on June 30, 1942.—V. 154,
119,296
$41,302
—vff155,
>
accrued accounts, $179,416;
stock
price of $8,125 per
conversion
$49,170
118,554
bonds at 5%___
306,OQO
•<
X
777/7777/7
deducting U. S. Treasury tax notes, including accrued interest
$300,360), $354,640; reserve for contingencies, $100,000; common
of
paid.
the
On
and
153,343
,
$77,252
■___
______—
-
excess
(after
adjust-
on
'
7/
.
tax_
inc.
Fed.
v *
$231,384
7 $455,088
.
& other chgs»:
for
092;
part of stockholders.
fractional
No
Other revenues
for
available
income
exps._
Liabilities—Note
in its
held
of common stock
of common stock
reserved
cancellation.
and
consummation
unissued
$202,513
$225,607
justment income bonds
Net
s-Vi"r
.
continuing corporation will
have an authorized and outstanding issue of 100,000 shares of 4%
cumulative preferred stock and an authorized issue of 800,000 shares
of common stock,
of which 473,981 shares will be outstanding and
184,864 shares reserved for conversion of the convertible debentures
of the continuing corporation.
The remaining 141,154 authorized but
ad¬
on
devel.
Prov. for Fed. surtax._
Prov.
for contingencies
9,922
7
9,699
—l/——
charges,
$663,463 ?:
7*'
54.141 .7
82,654
80,889
43,712
51,248.
721,478
v,V(J u * '.r*** ■*r
7 11,499 77:: "
:7Z 12,214/ /J77'4~3ll
ICiYiJSfo v
i 120,310..
;; 65,262 7, 77.21,321 '/:1V;'
s,v,349,022
iprofits' .tax;
7
78,103 shares of preferred stock and 315,788
of
theretofor
460,133
:7
$215,907
income
Gross
$177,243
$372,434 ' '
$582,574'
,77:43,681 ; '44,608
for Fed.
Pro v.
Prov.
International Ry. Co., Buffalo, N. Y.- -EarningsIncome
paid
;■ Int.
will be exchange¬
able, until April 1, 1944, for full shares and the amount of dividends
$652,724
482,898
Operating income
Non-operating. income
$2,252,396
$1,501,977.
of
the
shares of stock will,
1941.
$698,804
.____
._
862,112
$1,413,458
88,519
income/ etc.—
Amort,
by-similar scrip certificates in appropriate amounts,
Manhattan RR.—Income Statement-
Month of January—
$3,219,852
" 2,721,681 ' , 2,219,552 V 1,589,935
r 671,888 >" 627,866 ' 7 485,218
4,697,455
7 '
Depreciation
of common
common
basis of
the
on
of
the
for
of 62 Vs.
dividend
quarterly
the class A stock, no par value; payable April 1 to
on
Hudson &
-
fol¬
as
holders of record March 20.—V. 154, p. 1378.
i
per
50 cents; Oct. 10, 25 cents;
25 cents; June 25,
15",
directors
1938
$3,976,043
$6,973,026
:___
Profit
7
convertible debentures of the continuing corporation
for the convertible debentures of Union Potash.
shares of the continuing corporation will be issued with respect
stock
50 cents.
20,
The
1939
/<■;',7 i.iv',
exchanged
No
Dis¬
holders
on
lows;
Dec.
1940
1941
discounts
&
sales
of
Interest
thereon, one;,
share
continuing corporation on the basis of four shares
of the continuing corporation for each five shares
to
cents
25
the class B stock, no par value, payable March 18 to
record March 6.
Distributions on this issue in 1941 were
of
-
(& Subs.)—Earnings—
•"
agreement
and reserved for issuance upon conversion of its convertible
debentures will, upon consummation of the merger, be changed into
184,864 full-paid and non-assessable shares of common stock of the
share,
Houdaille-Hershey Corp.—25-Cent Class B Div.—
The
60
up
by
231,080
Upon
; share
of
held
was
al¬
returns,
Sell., gen. & adm. exps.
treasury
March 4, June 16 and Sept. 15,
each; and Dec. 15, 50 cents.
The preceding payment was
per share made on Nov. 15, 1937.—V. 154, p. 1264.
7;. '///.v'
cents
25
payment
paid until December (see
7 ' '
7 ,
, 7, „ 7 7 '/, 7,'7
'
tributions during 1941 were as follows:
25
but
not
__—
-,
March 14 to holders of record March 4.
payable
stock,
dividend
In August, a
1931,:
>
Net profit for year.
$333,468 'bt, $127,649
$683,492 7 $495,160
7 393,700
82,884
7
Dividends paid 7-—
186,489
207,210
International) will receive for each share of preferred
accumulated and unpaid dividends and interest thereon,
$44,765
$287,950
/ $146,979
77 Surplus
$289,792
$25 in cash, plus % of a share of full-paid and non-assessable common
Earns, per sh. on com.
stock of the continuing corporation.
'7
■
7
'
;
$0.77
stock
$2.01
$2.98
(no par)
v$4.12
Holders of the 18,395 outstanding shares of common stock (par $1)
Balance Sheet Nov. 30, 1941
of Union Potash
(exclusive of 315,788 shares of such common stock
(net), $799,-.
held by International and of the 231,080 shares held in the treasury, 77 Assets—Cash, $401,203; notes and accounts receivable
887; inventories, $2,076,462; idle plant and land at Lakewood, Ohio
V of Union Potash and reserved for issuance upon the conversion of
(net), $182,482; land, buildings, machinery and equipment, etc. (net),
outstanding convertible debentures of Union Potash) will receive for
$686,114; patents, $1; deferred charges, $35,190"; total, $4,181,340.
7 each five shares of common stock, four full-paid and non-assessable
of 25 cents per.share on the
have declared a dividend
last.
since
stock including
conversion,
common
less
lowances
Cost
77/ 7-;77.7;777;
of the 318 outstanding shares of preferred stock (no par)
Potash
(exclusive of the 78,103 shares of such preferred
Holders
stock
$157,380;
(A.) Hollander & Son, Inc.—25-Cent Dividend—
directors
p.
Years End. Nov. 30—
Sales,
_
The
first
International.
merger
shares held one full-paid and non-assessable
stock of the continuing corporation (par $5(.
6%% preferred stock ($60 par),
par shares), $1,573,282; capital
-surplus, $669,104; earned surplus, $265,312; total, $4,377,320.—V. 155,
'p. 52.
.
;
stock
of
terms
four
provision for income taxes, $154,995;
$1,272,540; common stock (70,697 no
v
30,
Dec.
on
the
and the dividend was
1728).—V. 155, p.* 697. •
Jaeger Machine Co.
cumulative preferred stock
together with 3V2 full-paid
and non-assessable shares of common stock of the continuing corpo¬
ration. 7-.'
,7;
7'7 7-/-'V" '■/ 7
■7 7-"7\ 7' 7;
Holders of the present common stock (no par), but with a present
stated value of $5 per share, of International will receive for each
etc.,
ables,
V.
at
made
was
declared,
was
injunction
by
and non-assessable share of 4%
($100 par), of the continuing corporation,
and supply inventories, $50,383; investment, long-term receiv$117,024; plant and equipment (net), $1,298,990; trade¬
and patents, $6,030; goodwill, $1; total, $4,377,320.
7/A/'
/
penses
cents
'
••
$270,169-; due from U. S. Government agency, $216,619;
Assets—Cash.
,
190,512
preferred stock_-___——.—_=——_—
on
distribution
produce
will
full-paid
of
,
surtax__
profits tax
State.
Dividends
7
188,659
—*,
;____________,7Zi.—
paid
disposal of plant and equipment
on
Austin
at
solidation to be voted upon, holders of the present
$678,655
share
Loss
plant
commenced
classes
different
981,309
__
51,072
Interest
The
•.Monday, March 2, 1942
7"';..
Potash
Union
.1
profit from
Total
Union
the
available.
$3,505,-
Under
Net
thereof.
.
advertising,
Shipping,
operation
and
magnesium metal, presently much in demand for the defense program,
from magnesium chloride to be derived from waste products irom the
Carlsbad and other magnesium ores that are
'■/.•'7 ".
•
;
■■.. •' .< 7 ; .-7. --.•7.
production during October, 1940, and it
7 has become apparent that the proposed merger will create certain
advantages relating to finance, efficiency and economy of operations,
.'management and process rights.
The proposed agreement of merger
/'7/7v,;
has been carefully formulated in order to take advantage of possible
savings, and the basis for the exchange of securities has been devel¬
$1,659,964
oped in
consultation with holders of substantial amounts of the
Holeproof Hosiery Co.—EarningsGross
struction
($100 par), $663,700;
earned surplus, $727,-
stock
shares), $557,965;
par
surplus from appreciation of fixed assets, $187,878; total,
305.—V. 150, p. 3978.
.
• j.7-'
//..Z,/
793;
.
•<7
THE COMMERCIAL & FINANCIAL CHRONICLE
920
1,201,747
293,811
303,499
313.604
/ 523,096
511,650
504,284
$2,743,716.. $2,341,816
$1,921,702
2,116,942
$1,985,119
72,119,897
$224,874
$$134,779
$$226,446
f
,527,608,.
2,118,632.7
$625,084
;
$7,120,731
$7,028,729
3,117,349
3,142,446
1,193,010
1,133,097
327.200
,
2,148,148
■
Volume 155
^Including
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
$16,096
from
refunds to be made.
affiliated
an
fAfter
company.
Net
deducting
JLoss.
comprehensive plan of reorganization effecting a simplification of
the capital structure of the company was filed with the SEC and the
Missouri P. S. Commission for their approval.
:
Briefly, the plan provides for:
(1) The transfer by The Laclede Gas
Light Co. and Laclede Power & Light Co. to Union Electric Co. of
Missouri of the franchise and properties owned or leased by Laclede
Power & Light Co.;
(2) the payment in cash by The Laclede Gas
Light Co. of interest on bonds and notes to the effective date of the
plan; (3) the transfer of all the assets remaining, by The Laclede Gas
Light Co. to a new-company called Laclede Gas Co.; (4) the payment
,
.
by the Union Electric Co. of Missouri to the
-
.
Profits, Years Ended Sept.
30
'.j.''
Maritime Telegraph & Telephone Co., Ltd.—Earnings
r
consolidated
The
A
earnings statement submitted below has been
(1)
for the fiscal years 1937 and 1938 from the annual
reports on Form 10-K of th6 company, and (2) for the fiscal years
1939, 1940 and 1941 from the consolidated statement of profit and
loss of the company and its subsidiaries as set forth herein.
All of
the statements from which the following consolidated earnings state¬
ment was compiled were examined by Messrs.
Price,' Waterhouse &
Co.
The statement below is submitted solely as a matter of historical
record, and the figures for the fiscal years 1939, 1940 and 1941 are
subject to, and should be read in conjunction with, the financial
statements and the report of Messrs. Price, Waterhouse & Co. as set
Years Ended Dec. 31—
compiled
,•
1938
Operating
Operating
Net
company
.
,
Capital Structure of New Company
Proposed
5%
(514,150 shares)
—_
/
$20,000,000
——
-■
7,000,000
convertible preferred stock, par value $100————
first mortgage;3 Vz % bonds—
—
23,000,000
Following readjustment of Laclede's financial structure the plan
contemplates the acquisition of the assets of the St. Louis County Gas •;
Co. and their Integration with Laclede's present system.
20-year
.
.
Comparative Balance Sheet, Dec. 31
-v.'" '/•
1941
Assets—
plant and equipment
deposits
Property,
Special
Investments
$57,936,269 $57,605,228
70,987
1,548,472
7,900 /
7,900
1,664,895
1.232,581
1,232,932
1,124,298
414,000
366,700
882,173
874,722
—
— —~_
———
Other
——_—_a——
Cash
—
receivable
Accounts
Unbilled
——_
_
income
—
Inventories
Deferred
charges
r
—__
A
—1
total
1948,
n
1
$63,406,626 $64,095,145
(Common
stock
debt
Funded
$2,333,000
of
—
—:
.
__
36,000,000
36,000,000
729,551
358,174
_
—
Accounts
payable
Payrolls payable
729,551
330,519
79,840
————— —
89.308
Matured
interest
—:
_
deposits
Refunds
consumers
to
152.855
Reserves
Capital surplus
Earned surplus
Total
—
$63,406,626
ii
—————
.' An
March
company.
stock,
no
of
par
directors
on
the
have
1595.
Pref.
declared
v
.
cumulative
from
date
of
and
issue
payable
Q-F
Bank & Trust Co., Chicago.
History^nd Business—The. present company was organized
and CityNational
1926,
as
at 3100 South Kedzie Ave., '
Chicago, 111.
..
monly known as "dry ice") ha3 been of commercial significance only
since about 1930. Company has been connected with this development
since that time, and has .been actively engaged in the direct produc¬
tion and sale of dry ice since 1931.
In 1938, the company 'began the manufacture of
chiefly for sale to ice cream manufacturers, as a
manufacture of soda fountains.
sale
ice cream cabinets,
supplement to its
1939, the company enlarged its business to include
manufacture of oxygen, acetylene and medical gases, through the
purchase of the assets, business and goodwill of
In December, ,1940, this new line was.-extended
Wall Chemicals, Inc.
expired)
and
shares
for Years
Ended Sept. 30
1941
Consumable products
Durable products:,
—
and ice
r cream.
cabinets.—iBottling; machinery and
Soda
1939
$9,498,003.:^$8,075,242
?
,
Subs.)
1P38
$7,552,348
$7,013,094
'
.
;
of
the note
National
Bank,
due
Total
7,632,152-
(no
5,-607,534
4,890,143
6.596.254 , ,5.440.779
J4.128.406 "11,048,313
1,
net
is
both
-A'
.
„
;
•
5 84/L7J4.
10,350,825
.
$23,626,409 $19,123,555 $17,193,840 $17,363,919
Int.
the
proceeds in
Net
that
company
the
opportunities
Fed.
funds
general
50,000 shs.
*30,000 shs.
''Based
Preferred
shares
the
the
E. H. Rollins & Sons,
in
:
cents
the
to
$1
per
"Cash
If it could
the
to
interest.
obtain
McKesson &
Take
a
loan
obtain
is unable to
new
6.
W.
Shares
Accrued
Co
Due
Other
5,000
2r:'c
a
on
Feb.
on
extra of
an
25
cents
payment
'
of
per
like
share
initial
Dec.
notes
p.
$8,028,001
$6,942,480
$150,000
—r-,
-
within
due
one
-
$150,000
-
year
transferred
60,000
^-—-4
557,669
—
i.
funded
on
334 672
25,954
;
:
70,954
52,857
debt____^_________
169,122
2,620,250
3,750
1,790.495
3,750
14,265
and
accrued
payable
liabilities
banks,
to
29,874
97,536
600,000
unsecured——
($100 par)
600,000
145,504
1,483,100
1,483,100
150,000
350.000
1,905,092
________
1,704,731
—_____________—
—
228,351
28,351
$8,028,001
$6,942,480
y,————
—
to
1942
—
fund
sinking
preferred
of
retirement
363.
.-V
■
•
stock.—V.
155,
•
distribution
distribution'
come
•
18
by
$3,850,000
after
payable
dividend
March
25
cents
of 50
20
cents
per
and
H.
197
Re-y
for
real
Year
Ended
Dec. 31,
collected—__—
earned
on
including
expenses,
estate
1941
$67,952,549
—
invested
assets $30,945,125
$1,685,-
5,762,936
taxes———
25,182.189
Other
offer.
income
Total
the
Taxes,
(excluding
—
policyholders'
—
funds
left
company)
24,878
with
J
$93,159,616
(excluding dividends) to policyholders and bene¬
ficiaries
share
——
income
Payments
^
accounts
on
38,349,077
of——
real estate taxes
1,757,715
comm^ss'ons
7,792,088
on sale of assets and redemption of bonds
:
101,733
in policy reserves and other policyholders' funds
31,583,732
fees,
and licenses, other than
Operating expenses and agents'
Net loss
.
Net'
—
earnings
for
year
Balance
—
Sheet,
Dec. 31,
$13,575,272
1941
Assets—
Van Gorder of-
The new director has been associated for the past 19 years
on
loans and accrued interest—
policies and accrued interest—
unpaid installments
Premiums due and
Bonds-and stocks
Real
companies.
For, the
past four years he has been a regional Vice-President and since June,
}94lwJias been in charge of the New York Metropolitan district.—
V. '155, p. 827,
or
rents
investment
Less
to holders of record
share was made on
A.
as follows:
March 15, 10 cents; .Tune
and Dec. 15, 7 cents.—V. 154, p. 1192.
for the
Earnings
director to fill the vacancy.
of his father,
were
15, 6 cents;
earned
Premiums
Interest
per
Inc., and predecessor
declared
entirely
expenses.
1941
during
Sept.
payable March 16 to stock¬
by the directors on Feb. 18.
from dividend and interest in¬
share
per
was
port—
Increase
a
28
derived
Massachusetts Mutual Life Insurance Co.—Annual
the
from the Reconstruction Finance
a
cents
Feb.
is
company
16, 7 cents;
first
.
declared
six
of
record
of
This
'
Feb.
on
Fund, Inc.—Six-Cent Dividend—
Maryland
A
holders
However, it received permission later to
through brokerage firms at a lower rate.
in December
— —:
Total
1941:
Robbins,
78,097
amount.—-
•...
6.
death
2,716,970
161,105
Mortgage
t>e
77
2,728,945
stock
Loans
hv
1,279,709
a
board elected George Van Gorder
McKeeson &
246,615
1,144,659
contracts—™..
surplus
'
with
1,368,382
85,718
interest
of
March
$1,081,177
171.452
uncompleted
Capital surplus
Corp.—Registers With SEC—
of
Sept. 30, '41
26~3~325
——
current
Earned
was
quarterly dividend of 75 cents
payable March 31 to holders of record
distribution
20,
$1.18
affiliates
to
Common
Common Dividends Semi-Annually
stock,
common
An
on
Dec. 31, '41
supplies
1't/o preferred stock
lower rate it still can accept the RFC
25
$1.15
Sheet
Reserves
'
1
four
bids
$3.48
shares.
taxes
Accrued
Murray, Jr.,
record
115,409
150,000
60,079
be
President, stated that the directors had adopted
a
policy for the future of considering regular common stock dividend
action semi-annually instead of quarterly.
The directors also declared the regular quarterly dividend of $1.31 V*
on the 5lAVo
cumulative preferred stock, payable March 15 to holders
J.
112,551
150,000
3,400,939
payable
Dividends payable
Accrued payroll
Robbins, Inc.—50-Cent Com. Dividend—
Action
directors
issue
107,828
180,000
com.
(net)
debt
1,000
declared
25
seek
to
at 4 %
Corporation
the
on
charges
to
Smith, Barney & Co
Feb. 19, p. 757.
was
authorized
Commission
March
104,820
300,000
___
stk.
com.
Accounts
1.000
mission to accept a loan of $3,850,000
on
$293,103
rV
Funded
the
S
corporation
The
$285,240
Liabilities—
Kentucky Public
mortgage sinking
fund bonds to finance construction df a transmission line connecting
five Midwest utilities with the Tennessee Valley Authority system.
The corporation previously had received permission from the Com¬
To
1,500
$630,507
-
assets
Total
the
part of
and
^
See "Chronicle,"
If it
5,600
$1,107,929
on
Dividends
see
18,900
net
regular quarterly distributions of
made during 1941, the company paid a year-end
share on Dec. 23.
(See V. 154, p. 1302.)—V. 155,
share
per
504.
The
55,000
150,000
assets
1,000
quarterly
Louisville Transmission
Service
62,000
ex¬
21,500
and
Other
Chapman & Co.__
Par well,
last,
usual
Feb.
on
addition
In
dividend of
p.
$356 603
63,500
affiliates
Fixed
regular quarterly dividend of 25
stock, payable April 1 to holders of
per share on the common stock,
75
$354,340
276,907
259,747
■
from
"In
11.
$1,186 061
532,500
1,837,000
$6.69.
Deferred
i :
•.■
.
Bonner &
;:/;v ..-v., :'.;;
directors
March
$3,553,929
taxes^___
sh.
Expenditures
Lone Star Cement Corp.—75-Cent Dividend
The
31,000
tax—___
on
Materials
the
capital
738.
Vr
v
"'vv; V :V'
Blair,
/
Jan. 5,
On
a
;
31,000
$344,336
Due
taken
Accordingly,
';
—
31,000
tax
value
on
per
—
31,000
Accounts receivable
2,000
declared
the
on
addition
155, p.
$387,603
in¬
dividends
paid
Laurence M. Marks & Co.__
Inc_L
have
of
be
may
::
Regular Dividend—
paid
$385,340
Cash
general
remainder
the
of
6,000
14.
the
principal underwriters
purchased by each, are as follows:
be
to
Beane
share
the
advantage
company.
names
Lynch, Pierce, Fen-
March
increase
present.
may
Shares
directors
to
of
amount
6,000
V.
7,437
$1,217,061
Assets—
will
profitable
times
Spencer Trask & Co
per
7,046
Balance
of
8,000
cents
$378,294
15,967
,
stock
728,100 shs.
$380,166
$1,201,094
income
"Earns,
86,126
46.676
;
taxes__
profits
exc.
profits
Dlvs.
45,090
20,625
before
income
Net
proceeds is to be added to and become
of
v'■ V'V''-::-.-''—:
The
$3,558,878
.
debt
declared
State
46,019
90,359
con¬
taxes—
$2,450,000
advisable
the
Laird, Bissell & Meeds
&
378,613
__
income
cess
1,
48,832
153^724
46.447
.
.
tax
the
the
and
and
met
which
Underwriters—The
*ner
$3,278,277
2,766,895
profit
income
Federal
during such periods the financial requirements
be
may
the net
remainder of
Merrill
2,756,989
intang. assets
come
$2,450,000
proceeds
with
by
company
order
the
number of
1938
$3,271,661
$3,605,554
of
Federal
31
of period Crl,248,861
funded
on
Amort,
the
4,348.036
:
Outstanding
1948
$700,000
necessary
of
the
inc.
income
Total
is
$5,751,686
53,975
facil.
emerg.
uncomplet.
on
this
13,713,973
deprec.
than
Operating
be $2,940,179.
Company
delivery of the series A pre¬
the net
proceeds
in
partial
company's promissory note to be due Oct. 1, 1948,
offered,
of the
of
resources
of
tracts at end
follows:
issuable in series
concurrently
now
it
agement,
of
oth.
Exp.
principal amount of $1,050,000.
,
It is impossible to forecast the specific needs of the
company both
during and after the present emergency.
However, from an analysis
of the probable needs of the company, in the judgment of the man¬
4,510,111
4.75O40
9,641,492
Tax.
serially
par
estimated
apply,
stock
Cleveland.
;
.VTotaL-ne.t: sales.—-
-
Amort,
Dec.
that
$16,503,025
excl.
1,200,000 shs.
maturing
to Oct.
Ended
and
1939
of
Oct.
Chicago,
Years
owned
1940
Depreciation
the
in
Account,
sales
Expen.
stock to
1,250,000
preferred stock
(par
$100),
as
out that although the company
it was not until December,
years
became publicly
report to be issued.
1941
Total
the
600
the certificate
to
points
than 26
more
Vo-
prepayment
The
fountains
equipment ——
c~.
durable products.
.
(fncl.
1940
com¬
Other
partial prepayment
A.
to
President,
Income
capital
of
$29,179
company
public annual
Authorized
(par $100)
stock
French,
the
for
amendment
an
authorized
1942,
Purpose—The
intends
the
to
notes,
1,
that
first
employees.
or
adopted
this
,
Sales
George H.
1941,
such shares <on
discretion of the directors
the
in
may
officers
in-1941.
' .v
• v-ii
The business now done by the company and its subsidiaries consists
of the manufacture and sale of Consumable and of durable products.
into Canada
'
;
one
Hereafter—New Director—
started, early
•
of
by reason of
employee for
1941,
of
Options
option.
by the
purchase of the assets, business and goodwill of Wall Chemicals. Ltd.
The manufacture of welding and cutting torches and other equipment
necessary in the application and' use of oxygen and acetylene was
,
30,
option
the company to First
capitalization will be
by
stock
ferred
During March,
the
such
407,780
$25,242
expense, $108,222; prepayments of taxes, Insurance, directory
& customer work in progress, $29,249; total, $14,425,050.
has been in business for
Dec.
Issue—
"Series
record
originally-consisted solely-of- the manufacture and sale of
carbou. dioxide
inliquidform, .generally known as carbonic gas.
Practically the only, commercial use for ..carbonic gas at that time
was
in
the making of carbonated beverages.
An expansion of the
activities of the company's predecessor carried it into the develop¬
ment and manufacture of .equipment accessary in the application and •
use of carbonic gas at soda fountains and in the manufacture or carr
bonated beverages.
Because carbonic gas is sold in cylinders underhigh pressure, dependable, pressure reducing regulators were essential*
for its use,, and the predecessor of the company undertook the manu¬
facture of $uch regulators.
,
Early in its history the business was enlarged to include the manu¬
facture of. flavoring extracts for use rat soda fountains and by bottlers
of beverages in the making ,of their- products.
In 1897, the predecessor of the company began the manufacture of soda fountains.
During the
next few years,
the company's predecessor' added bottling machines
for the bottling of carbonated beverages to its line of products.
The manufacture and sale of carbon dioxide in solid form (com¬
Business
,
shares
unissued
but
Sept.
411,940
$54,615
;
$436,959
Maryland Drydock Co.—-Earnings—
$1,050,000.
(including the 30,000 shares of series A preferred
and 1,200,000 shares of common stock
(no par).
pursuant to authority given by such amendment will
April
Common
in Dela¬
business which was founded in
successor to #It has its principal executive Office
July 23,
expired
have
of
of company in whole or
notice at 107 per share,
plus dividends. Redeemable for account of sinking funds at $103.50
per share, plus dividends. Entitled in preference to common stock to
$107 per-, share upon voluntary liquidation and to $100 per share upon
involuntary: liquidation, plus- accumulated dividends in either case.
Transfer agents:.. Bankers Trust Co, w New York, and First National
Bank, Chicago,. Registrars; City Bank Farmers Trust Co., New York,
1888.
of
from
(beginning May 1, 1942). Redeemable at option
in part at any time upon at least 30 days' prior
ware
stock
hate
such
debt
Promissory
Offered—Pub¬
lic offering of 30,000 shares of 4%% cumulative pre¬
ferred stock, Series A (par $100) was made Feb. 25 by
an underwriting group headed by Laird, Bissell & Meeds
and including Speneer Trask & Co. and Merrill Lynch,
Pierce,-Fenner & Beane. The stock was priced at $102.50
.
made
payable*—-,
/
.
of
resolution
a
of
common
per.share.
authorized
and
$437,,182
promissory note
series
1948,
Liquid Carbonic Co.—Preferred Stock
"-Dividends
the
Of
paid
11,949
$474,867
420,252
-
cumulative preference stock
(150,000 shares), $1,~
common
stock
(397,821 shares), $3,978,210; earned surplus,
$230,868; general mortgage bonds, $4,500,000; accounts payable, $146,173; customers' deposits & credit balances, $3,605; accrued bond in¬
terest,
$83,750;
accrued
income
&
excess
profits
taxes, $375,466;
dividends payable on preference
stock, $26,250; dividends payable on
common
stock, $89,510; deferred credits, $57,119; reserves, $3,434,100:
total, $14,425,050.—V. 155, p. 192.
and
Title
11,499
500,000;
offered)
ceeds
s
170,000
; 3,291
debt.
Liabilities—7%
*
a quarterly dividend of 37 V2
cents per
stock, no par value, payable March 16 to
holders
of record
March 2.
Previously, the company paid regular
dividends of 30 cents per share each quarter, and, in addition, on
Dec.
15,
1941, made an extra
distribution of 30 cents per share.
(Compare V. 154, p. 1265.)—V. 154, p. 1302.
The
of
&
expense,
providing for the issue of the series A preferred
prescribing the terms and provisions thereof to the extent
permitted by such amendment.
' ^
After giving effect
to the issuance and sale of 30,000 shares of
series A preferred stock and the application of $700,000 of the pro¬
Lily-Tulip Cup Corp.—Larger Quarterly Dividend—
share
in
funded
170,000
5,020
11,949
&c.
funded
shares
other
directors
adopt
stock
188,750
1,020
debt—____
on
8,448
cost,
count
the authorized
capital stock consisted of
stock (no par) of which 728,100 shares
exercise
to
to
now
The
tRepresented by
30 cents per share has been declared on the
value, in addition to the usual quarterly divi¬
April 1, last year.—V. 152, p.
1941,
stockholders
issuable
697.
17J/2 cents per share, both payable April 1 to holders of record
14.
An extra distribution of 12 Vz cents per share was made on
options
stock
$622,200
assets, $12,552,389; cash in bfinks and with deposi¬
$937,464; Victory' loan & provincial (N. S.) guaranteed bonds
$120,725; working funds etc., at branch offices, $8,694; due
from subsidiaries, $3,691; accounts receivable (less reserve for doubtful
accounts, $5,081), $314,854; accrued interest receivable, $1,368; in¬
ventory of materials & supplies at the lower of cost or market as
certified by officers of the company, $348,393; unamoritzed bond dis¬
the delivery of the
the net proceeds
with
$700,000
amount
incorporation
increasing
the
shares, consisting of 50,000
Lang: & Sons—Extra Distribution of 30-Cents
dividend
extra
common
by
principal
common
granted
The
$64,095,145
-
fAfter deducting 1.670 shares held
107,000 shares i$ 100 par).—V. 155, p.
(J. A.)
6.225,303
3,690,730
——.—
—
offered,
expired prior to
option holders;
the
the
of
which
be
18,489
6,152,164
3,015,646
18,148
of
which
141,600
Miscellaneous unadjusted credits
concurrently
prepayment of the
stock
before
1,479.302
1,827,398
—
————_
$624,151
Assets—Fixed
at
1, 1941, for the same reason,
and
the
legal representatives of one other employee who held
an
option for 600 shares of common stock have until April 15, 1942,
39,911
$676,136
_
income
common
19,200
common
death
1,080,723
41,728
_—
1,905.335
Consumers'
dend of
-
1,162,495
Accrued accounts
the
Sept. 30,
shares of
stock,
shares
charges™
taries,
at Sept. 30,
1941, were reserved for pur¬
employees prior to Dec. 1, 1942, at $20 per share.
Options of four officers and employees for an additional 4,200 shares
of
$613,751
„
$620,077
4,074
1939
i'.V-'-r:'Balance Sheet. Dec. 31, 1941
chase by officers and
10,700,000
City of St. Louis gross receipts tax——
partial
outstanding.
were
$2,500,000
10,700,000
-Li—iU—L--■'
—
230,004
$671,140
4,996
Balance, net inc, transf. to suplus
to be due
Interest at the
rate of 3%
per annum on the portion of such
promissory note pre¬
paid and a prepayment premium amounting to $3,500 will be paid out
of general funds of the company.
1,
mon
stock
to apply,
stock now
in
Oct.
Liabilities-
$843,755
397,759
deductions,
disc,
of
Dividends
thereunder.
stock
1,200,000
Preferred
notes
intends
preferred
of such
As
Net
v
Notes aggregating $350,000 and bearing interest at ll/2% per
Loan agreement does not authorize the issuance
Company
1,335,243
1,197,469
$1,017,836
560,055
-
funded
on
interest
Amortiza.
have been paid.
additional
series
$1,231,195
taxes
available for fixed
Interest
and
Chicago.
,.
$2,081,066
1,237,311
operating revenues.:
inc.
Oct. 1 in each year beginning April 1, 1942, and ending
Oct. 1, 1947, and $1,050,000 on Oct. 1, 1948.
Such promissory notes
were originally issued in October, 1940, pursuant to a loan agreement,
dated Aug. 15, 1940, between the company and First National Bank,
of
1,304,819
....
1
annum
1940
.
.
1940t
$2,322,655
1,478,436
—
operating income
Non-operating income.,
promissory notes aggregating $3,150,000, bearing interest at rates vary¬
ing from l3/i'/o to Z'k per annum, made by the company to First
National Bank, Chicago.
These promissory notes mature $175,000 on
April
1941
$2,709,631
—:
expenses
Net
•
Common stock, no par value
revenues
Operating
of the cash
forth in this prospectus.
consideration agreed upon for the electric properties of Laclede Power &
Fed. & Can.
Light Co.; (5) the issuance by the new company to Laclede Power &
"Balance
Balance of
inc. & excess
Light Co. of $7,000,000 par value of its .5% convertible preferred stock
of profit
net profit
profits taxes
and 130,000 shares of its no par common stock; (6) the issuance and
,■,1937.^1^--^.^'
$2,055,866
$400,000
$1,655,866
sale by the new company of $23,000,000 principal amount of 20-year
1,530,976
265,000
1,265,976
first mortgage 3V2 bonds; (7) the delivery to The Laclede Gas Light
1,427,326
290,000
1,137,326
Co. by the new company of the cash and shares of common stock of
1940—
s'2,091,558
*1,544,558
547,000
the new
company
required for payment and distribution to holders
1941..
*3,127,966
*2,127,966
1.000,000
of outstanding securities of The Laclede Gas Light Co.;
(8) the pay¬
"Before provisions fpr Federal 'and Canadian income and excess
ment by The Laclede Gas Light Co. of $1,000 cash for each $1,000 bond ■].:>
profits taxes but after deducting provision of $100,000 for contingencies
and note outstanding; the distribution of five shares of common stock ^
in fiscal year ended Sept. 30. 1940, and appropriation of $300,000 for
of the new company for the surrender and cancellation of each share
possible future loss on inventories in fiscal year ended Sept. 30, 1941.
of preferred stock of The Laclede Gas Light Co. and 2>/2
shares of
Funded Debt and Capitalization
common stock of the new company for the surrender and cancellation
V,'
of each share of common stock of The Laclede Gas Light Co.
As of Sept. 30,
; ;
1941, the funded debt of the company consisted of
new
921
Cash
in
\
Total
■
."-.a,*——
banks—
assets '.
•_—:
—,—
i—
510.772.499
57,425.764
a—
office-and
Miscellaneous
accrued interest
and
estate
—^-$102,110,481
63,628,649
11.818.886
1
20,065 734
;
—
136,815
$765,956,829
-„._$578,177,202
145,378.542
reserve
lunds
Pol.cynolders'
__
pol.cynolders
to
Taxes
,i_
l.ab.l.ties
Other
Spec.al
_____
Real
reserves;
loans
Mortgage
Surplus
________
152,
Linotype
Co.—$1 Dividend—
dividend
stock,
25 cents
of
par
no
the
During
share has been
per
declared
have
directors
190,000
177,000
100,000
*3,460,000
688,000
340,000
j:i.
$3,227,737
$1,703,771
$1,244,210
700,000
surplus
$3,227,737
$1,703,771
1,797,875
1,298,414
$405,357
$245,489
Feb. 2.
$1,745,000
Consolidated Balance Sheet,
r
•
$6.22
1940,
in
provision
,
in banks and
Cash
hand——___i_
on
gCash advanced
a
'
Co.—Statement of Income•'v-i':
Years End. Dec. 31—
$13,850,510 $13,175,675
563,457
'U—/-'61,521
72,012
revenues—electric
"Operating
,
________________________582,033
tGas
'/Steam
heating
Gross
operating
revenues
Operating expenses
—
.—
resale_____
fEiectricity purchased for
retirement
,
.
IV(depreciation)
Maintenance
Provision for
$13,811,145
5,034,044
4,105.945
747,284
689,740
941,692 >.
845,187
$14,494,065
—..—
——
of fixed
1,550,000
1,139,000
1,109,995
1,573,000
1,273,000
taxes—Federal income_i.__.
for
Provision
1,160,407
_____
Operating
Other
income
Interest
$5,542,516
1,745,543
721,149
Taxes
interest
30,189
Crl9 047
5,707
5,740
$3,220,117
construction
income deductions
Miscellaneous
to
income
Net
99.046
Cr 106,689
$3,554,635
charges
charged
Interest
in 1940 from associated
companies,
$72,796 in 1940 from an
associated company.
JTogether with net charge for power received
under interchange agreements (including $636,401 in 1941 and $596,269
$706,228 in 1941 and $623,878
tlncluding $70,756 in 1941 and
"Including
associated companies).
provision has been considered
from
1940
in
Note—No
necessary for excess
244,692
Income
7,258.089
37,308
5,124,744
charges
Balance
financing
Additlonal
com
Earned
for
company
form
will take the
:
$7,947,034
6,733,594
$9,003,073
6,733,772
$8,700,336
6,733,772
$8,451,631
/
$443,439
20,000
750,000 v
:
share———
$2.01
$1.88 I'.
;
$1,196,564
4,489,019
4,489,023
$1.77
4,489,033
$1,499,301
4,489,027
$448,081. \
.surplus
stok. outstdg,
per
•
750,000
500,000
reserve
-
20,000
750,000
750,000
(extra)—..
20,000
$1.94
^■;vv
1940
assets
——_
in
Prepaid deferred
181,206,281 181.671,501 7
11,098,983 "
12,319,062
:49.902 t;
36,502
3,228,976 V
3.576.951
•t8,486,341 t §8,375,643
3,023,102 r
3,524,686
-
609,891
556 668
473,642
,
-
;
210,311,384 209,431,641
:
—
Liabilities
v
604,892
cnarges—
Total
■
'.'V^
$
—
Barney & Co., of 35,000"shares of no par $4
stock, series C, it? became known Feb. 24
with
the f.hng of a registration
statement w.th the SEC in Wash¬
ington.
Under an application for acceleration, the offering is expected
to
be
made on or about
March 4, subject to the approval of the
SEC.
The new shares represent an additional amount of the series C
Funded debt:
Prov.
Lignt 5s
70,588,300 v.
223,000
19.910,200
19,910,200
8,488,101
1,430,659
Mont. Light, Heat & Power
Funded debt:
69,528,300
;tll-.-_
;
/
bonds
189,000
—
/
Mont. Light, Heat & Power notes
.
7295 331
Dec. 1, the new
Accounts payable accrued liabilities—
1,442,3J8
market from that
Accrued
interest
1,705 844 /
date.' .(
1,705,833
v;
Dividend payrble
3,900,000 :
According to the registration statement, the proceeds will be added
4,400,000
Insurance, contingent reserve
—
1,434 263
to the cash funds of the company, wh'ch have been and may be used,
1,284,497
Minority interests
among other things, for
expenditures for capital add'tions, replace¬
(1103,374,794 102.932,357 v
Capital and surplus net—
-r.
ments andi improvements to plants,
processes and facT'ties for the
manufacture of new products and to meet increased demands for old
Total
i.--210,311,384 209,431,641
products and the continual changes in processes and equipment which
♦Including $497,300 par value of company's own bonds and note ;
are
normal in the chem cal industry.
Expend'tures by the company
certificates,
tQuoted market value $8,075,685. tlncluding $546,300 par :
and
its domestic
subsidiaries for such capital purposes, d'str buted
: value of company's own bonds and note certificates.
gQuoted maraet y
each year among a large number of separate items, totaled $6,663*261
value
$8,140,705.
^Represented by 4.489,033 no par value common
dur'ng 1937;
$3,163,413 in 1938; $3,986,587 in 1939; $7,274,906 in
shares in 1941 and 4,489,027 no par vame common shares in 1940. /
1940; and $8,501,012 in 1941.
v,; y,:v f V.
l/i/
~V. 155,'p. 828.
The last pubi c financing by Monsanto was in March, 1941,. when
the
company
sold to the underwr'ters 75,000 shares of Its no par
value $4 series C redeemable and cumulative preferred stock,
Mortgage & Real Estate Corp., Chicago—Payment on Company is one of the country's leading manufacturers of chem¬
Account of Principal—Also Interest -Payment—
icals.
It produces a widely diversified line of products which are,>
used
in many industries,
includmg the pharmaceutical,,; food, Indus-,
A 5 V payment on-the original principal of the notes of this cor—/
trial,
agricultural and transportation industries.
Accord'ng to the
poration and an interest payment on the unpaid balance 16J(o) of .
registration statement, sales have mater'ally increased in the past /-/the notes dated Jan. 1, 1936, will be paid on Marcn 10. 1942, to 1
two years, largely as a result cf the war in Europe and the defense
registered owners at the close of business on Feb. 16, 1942.—V. 143, •
progferrt in- the United States, and while this country's entry into
p. 2058,
•
the war is too recent to judge its effect upon the company's business,
present
est:mates do not indicate a, decl'ne in sales "during the
Mutual Life Insurance Co.—Associate Treasurer—
current
year.
The company cannot determ'ne,
for the purpose of.
such est'mates, the prec'se amount of its total production--which; jpay
Vincent F. Lechner, Assistant Treasurer, has been appointed Asso-;
be sa:d to be consumed at present in war and essent'al civU'an uses. date Treasurer of the company, effective immediately.—V. 155, p. 828.
It bel'eves, however, that the volume thus consumed is so substant'al
that
the
effect
of war measures such as Government :* restrictions,
National Malleable & Steel Castings Co.—25-Cent Div. /
requ'rements, pr'orities and allocat'ons may be more to change the
The. directors on Feb. ,24 declared a dividend of 25 cents per share/
relative importance of particular products and oft consuming industries
on the no par value commoh stock, payable March 21
holders of
then to curtail the total
of proOwcts at present manufactured ;
'//record March 6. Dur.ng 1941, the following dlstr.butlons were made
and sold by the company:—V. 155, p. 505. •
V w .,
/on this issue: March 22 and June 7, 25 cents each; oept. 6, 50 cents;
■;
- '
■ y *i'.<
and Dec. 27,. 75 cents.
Compare V. 154, p. 1381.
(The) Montana Power Co. (& Subs.)—EarningsNational Oats Co.—-Earnings—
,
#
Period End. Dec. 31—
1941—Month—1O40
: 1P41—^*2 Mao.—1040
carries
stock
Series
C
stock,
whether
listed
or
the regular dividend from
not, will have a separate
—
stock until the next dividend
outstanding
the
of
Profits Tax Act of 1940, for the periods covered
by this statement.
Company has joined with others in a consolidated
return
for the year
1940 which indicated no tax liability.
At the
present time company plans to join in a consolidated return, and it is
estimated that such return for the year 1941 will show no tax liability.
—V. 154, p. 960.
r ' "
$7,455,280 •
1,245,056 1
* (net)—*—
— 4
affiliated compan.es——
Guarantee deposits *.
Cash, call loans—
Government bonds, etc.
Accounts receivable
1
—
Inventories
dividend cumulative preferred
•// -./'/;
profits
$8,017,375
985,698
Assets—
Fixed
;i-
preferred stock of which 75,000" shares are already outstanding.
According to the legistrafen statement,, dividends wJl accrue on
the
new
stock from the date of issue only, and as the outstanding
$6,879,477
1,067,557
■
1,085,521
1941
^ public
of.
3,137,369
3,145,923
3,001,083
Consolidated Balance -Sheet, Dec. 31
through Sm.th,
offering,
3,366,779
$7,366,110
_.u—__
conting.
&
Balance,
Interest
Chemical Co.—Registers With SEC—■
3,824,186
revenue—_
Depreciation
Shs.
3,526,820
5,925,738
3,233,279
3,287,374
paid ■&,■: 6,733,550
Pension ftind -—20,000
Ins.
1938
$24,625,834
7,370,436
4.494,940
3,128,011
,
income
Net
3,728,668
7,406,268
7,758,999
Dividends
of $6,825,359 in 1941 and $6.571,094;
in
1940.
tAfter reserve.
fRepresented by 600,000 no par shares in
1941 and 200,000 no par shares in 1940.
In September, 1941, authorized
capital increased from 200,000 shares to 600,000 shares without change
in surplus or stated value of stock. , § On U. S. Navy facilities contract
deposited in special bank account.—V. 154, p. 1380.
\
Monsanto
—
Non-oper.
for depreciation
♦After reserve
$27,084,867 $25,615,691
7,117,818
Taxes
Depreciation
Fixed
'
Co.)
1939
1940
-1941
7,926,201
expenses—'
Operating
$29,984,978> $23,083,283.
—
-
,
Account for Calendar Years
except Montreal Island Power
earnings—— $30,033,079
Gross
Z!Z 37,000
.
1
—
Total
under the Excess
tax,
.
Consolidated
(Company and subsidiaries
6,558,000 .13,486,845
2.909,9911 2.112.995
'
Surplus
23.030
assumed on interest—_____________—
Other
Incidentally,
-
2,93~3~531
.
income taxes
Federal and Pennsylvania
Reserves
133.568
.
Amortization
367,960
year
poses.
—i.———-——.——$29,984,978 $23,085*283
Liabilities—-'•'■CV
/./:;"Z
-• '■
/•
• ' '
fCapital stock
$10,574,621 $10,574,621
Accounts payable
/ 1,212,829
851,257
Advances received on contracts in process-——2,566,124
1,442,026
Accrued liabilities, including prof, partic.:
:•_•* 1,038,669 _
888,870
1,745,543
133,568
87,163
long-term debt (mortgage bonds).
of debt discount and expense__.
on
1,171,239
$5,115,601
——________———.
$4,371,276
1,350,964
(net)
income
Gross
$3,764,636
income
in this locality; there was produced and sold during > tons, including 102,000 tons for metallurgical pur- ffapc
it required the use during the year of 541,961 r : >
tons of coal, or 1,485 tons per day, to produce sufficient gas to meet
the demands of customers."
v>
v ...
::r
the
5,332,961
receivable i4)673,398
Marketable securities _k_————————
117,899
U. S. Treasury notes, tax series B
3,250,000
Other U. S. Government securities
38,734
Inventories
___________——____
—_
10,774.008
Deferred charges
1—
65,196
ir¬
domestic purposes
2,024
Total
1940
1941
."1
for
1940
tAccounts
1
"The
$6,517,927
2,428,207
1,351,955
1
—
As
31
Dec.
Z-ZV--,/. Z'.y. 1941' '
equipment
—$6,756,060
Deposits in closed bank_—t 2,624
Special production facilities-———,"•/.« 526,895
and
plant
♦Property,
1'
•
» , 1 regards gas production the statement says:
operations of the Montreal Coke & Manufacturing Co.
(in
which company has a half interest)
continue to show satisfactory
results.
Lasalle Coke (the trade/name) due to its superiority and
relative economy has largely displaced the imported fuels in use for
200,000
$8.52
;
legislation."
' ///'.// /.
/.
/":..//./.v.-- - 'V-v-
£.■ Assets—-1
200,000
200,000
$16.14
proiits tax.
,'
-
.
this
600,000
$5.51
1941 and
adding that
and
the 1?;
Co., ; -V
of its movable and immovable prop- ; :
has since been taken to implement tnis
^
a portion
"no action
of
totality
the
erty,"
//'/'///
.
Metropolitan Edison
legislation the Quebec government through the Minister of Lands
Forests may "acquire, by mutual agreement or by expropriation,
undertaking of our subsidiary, Beauharnois Light,, Heat & Power
$1,244,210
998,721
$1,429,862
v i,:
x .
magnitude when the industry of its principal competitor—the,:
of Ontario—is practically free from sucn taxation."
.1
Norris calls attention to the fact that under new provincial >,
Mr.
$3,304,050
,
_
Province
______
__
/•; 2,297,402
to
sh. cap. stk.
$4,680,000 in
per
excess-
Dec. 1,
dividend of 75 cents per share on
the common stock, payable April 1 to holders of record March 16.
A
similar distribution was made on this issue on Jan. 2, last.
Dividends in 1S41 were as follows: Jan. 2, April 1 and July 1, 50
cents each; and Oct. 1, 75 cents.—V. 154, p. 1380.
The
tax.
par)
(no
Co.—75-Cent Dividend—
Mesta Machine
198,770
289,864
210,000
*6,515,000
$4,004,050
inc.
capital
of
♦Includes
on
460,000
,
r.
been in friendly yet keen competition for new industry," says
Mr.
Norris.
"Quebec has heretofore been able to hold its own, and
directors feel tnat given equal opportunity the Province will be able
to maintain its position but they fear for the future economy of the
Province if its industry
(through its utilities) has to bear taxes of
always
or
v'77;
value, payable March 2 to holders of record
1941, the following payments were made
June 2 and Sept. 2, 25 cents each; and
152, p. 1287.
""
.
^ • \
'
375,000
375,000
-
surplus—$1,006,648
stock .-.
Balance,
Shares
declared on the common
1,
50 cents.—V.
460,000
trans,
Earns,
year
March
■issue:
Corp.—25-Cent Dividend-—
Hat
Merrimac
A
460,000
profit
Bal.
share has been
per
$2,342,980
depreviation.
$3,318,635
;.V 460,000
Dividends paid
declared on the common stock,
payable March 20 to holders of record March 6.
Dur.ng tne year
1941, the following payments were made: July 25, $1; Sept. 30, $1.50;
and Dec. 23, $1.50.—V. 154, p. 1494, 1415,' 247.
of $1
div.dend
$7,712,737
for war contingen.
Prov.
Mergenthaler
A
$11,564,050
are
such
Net
1134.
p.
25,583
____
for Fed.
Prov.
-..$765,956,829
Total
—V.
-.40,223
Prov. ior Pa. income
20,343,140
_____
$2,317,397
$3,278,412
partic. off. & empl.
tax
Prof,
___________
laws
46,060
income
for
Prov.
sary,
: '1938
.1939
$7,666,678
oper._„
income
Total
1940
$11,507,069
56,982
from
earns,
Otner
0,000,000
1,168,880
_/
estate-
Net
1941
'
Calendar Years—
2,502,878
8,722,b25
2,346,148
1,017,412
_____
cia.ms
Pohcy
Dividends
are recognized by the company as neces¬
particularly in wartime, but he points out that present tax
discrimmacory,'in that customers of publiciy-owned utilities
are
exempted and warns that discriminatory taxation is threatening
future status of industrial development in Quebec Province.
'
"The two central
Provinces of Canada—Quebec and Ontario—have
by the company's customers)
(& Subs.)—Earnings—
Midvale Co.
Liabilities—
Pol.cynolders'
Monday* March 2, 1942
CHRONICLE;
THE COMMERCIAL & FINANCIAL
922
.
'
"
-
,
,
,
Co.—25-Cent Dividend—
The directors have declared a dividend of 25 cents per share on the
capital stock, payable March 13 to holders of record March 2. A dis¬
tribution of like amount was made on Dec. 17, last year, the first
since Dec. 6, 1940, when 25 cents was r.lso paid.
A payment of 20
cents per share was also made on March 1, 1940.—V. 154, p. 1192.
Miami
Copper
Michigan Consolidated
Ended
Years
Operating
♦Operating
Net
Gas Co.—Earnings—
31— /_
Dec.
$4,359,316
$4,662,861
1,686,767
income
—
1,700,889
$4,2.98,229
1,667,500
long-term debt—
Interest
on
General
interest
3,318
38,538
other
19,237
9,0.92
255,088
and exp.
deductions——
of debt disc,
Amortization
Miscellaneous
'
$4,294,911
208,172
$4,636,512
26,349
$4,151,144
income______.
incomei-ii-ll:
■Goss
*
..
revenues$24*733,942 $24,140,479 $21,620,532
expenses and-taxes.*—**.
20,582,799 19,503,967 17,325,621
operating
Other
v
1939
1940
1941
.
,
259,178
28,424
263,497
$2,655,133
$2,335,712
120,000
1,784,130
40,485
22,427
-;,
i
Net, income
dividends
preferred
6Vo
of
1,784,130
o'.her operating
$6.21
Federal taxes
$7.10
$6.22
maintenance, State, local and
depreciation,
expenses.
Sheet Dec. 31
Balance
Oper.
1940
1941
$87,805,408 $84,250,767
16,683
16,683
______________
.
Miscellaneous investments
—
2,862,531
7,532,336
3,865,632
2.089.965
2 204.266
1,477,317
receivable
(net)
Materials and supplies—
465,159
Prepayments1
$101,774,910 $99,893,958
;:":l'/■
Liabilities—
6%
■'/'
;
($100 par)_
$100)____________l.i-
cumulative preferred stock
stock
Common
Icng-term
(par
debt
etc———
1
serial notes, current—•_
4%
$2,000,000
35,682,600
40,940,000
Notes
payable
Accounts payable
.
1
_______—
„_
245,386
326,630
780,000
912.500
1,333,438
330,336
770,000
interest
Accrued
State, local & miscellaneous Fed.
taxes
1,222,516
635,943
317,358
921,710
341,245
__i__
Federal income taxes
945,868
88,829
current liabilities—2_—.
Miscellaneous
$2,000,000
35,682,600
41,720,000
622,330
Accrued
1,427,798
1; 199,668
143,562-
1.406.581
-.' .470.703 /
136,176
137,149
2,157,257
171,685
approp.—_
res.
154,688
1,939,583
1.791,865
74 970
12,130,843
937.175
_________
Contribution in aid of.construction——
Earned
Total
—V.
surplus
inc.
Other
$536,362
$21,061
791
Int.
mortgage
on
on
4-1
debentures.
$567,145.
157,170
•**
195
44 125
$1.51
$0.21
p.
.$101,774,910 $99,893,958
'
—
______
154,
4,214,247
Interest charsred to con¬
struction—Cr.
income
Nat
Dividends
-V.
155,
1
p.
.
:•
_—
,
applic.
Pnlflace
to pref.
2,155
$241,716 * ' $327,686
stock for the period
—
/
-
7,926
2,175
-,
iv,.,:
•...
.
-
Mill
Factors
WrlTam
H.
President.—V.
Corp.—New President—
Stonaker.
137, p.
Vice-President and Treasurer, has been elected
326.
———„
>.
■Loadings, Week Ended Feb. 21
Received from
No. of Cars—
Loaded Locally
1941
1942
1941
1942
1941
1«. m
15.775
14.155
10.559
30.376
26.284
L:ne«
4.213
3.501
2.4*4
1.291
6617
4,792
North-
2,093
1,437
2,523
1,974
4,621
3,411
1942
C'st
Int..-Gt.
—V.
155,
Total
Pae'f'c
M's^ouri
Gulf
-—Connections—
p.
828.
•
,
957.5341 ;
$2,557,768-
"
t
V. Liabilities^-Accounts
$3,079.6«4
$3,515.*»02
■
Light Heat & Power
payable,
$38,680r- dUe to officer
expenses,
957,534
$43,362;
Accrued payrolls, taxes, and/;
and employees, $1,470; provision for./
deducting U. S. Treasury
purchased for payment of Federal taxes in the
income/.taxes; .(after
$2,966,160/
.
'/$17,497,;
capital
notes, tax series B,/
amount of $50,000),-
reserve- $488;, products liability reserve,"$I,743;
(100.000 shares of no par valuej, $,|,625,000; surplus,
'advertising
stock
$2.033,215.—V,-155, p.
402."
Consolidated—Annual
Light Co.—Debentures Called—
National Power &
due May 1, 203Q, are being-March 23, 1942. all of the-..,
and accrued interest. ,
The
Hanover Bank & Trust
Co., trustee, -70 Broadway, N. Y. City.Immediate payment of the full,,
redemption price, plus accrued interest to March 23, will be made to 1.
those holders who- surrender, their
debentures to. the trustee on or
Holders of
the
notified
Montreal
that
5%
gold debentures, series B,
will redeem on
the? company
debentures of this issue at 106%
debentures will b? redeemed at the Central
outstanding
record
.
Missouri Pacific RR.
'
-
area, sales
high level,
annual financml statement,
for hew facilities, to bring
the
-
$1.53
"
.
extraordinary demands for oo^ar for
purposes
of the comnanv in 1^41 soared to 0 n°w
and the comoanv.. ft i^ revaoled fa the
spent last vear ovpr $4 500 00(1 .additional
total coital exoend'tnres during the past
two
years
by the comoanv. out of its own cmrmes
w'th no
government grants or aid whatsoever,, to aooroximate'v $9 000,000. a'l
of vfhipp
WoS
t.o nrovide the heavv a*n««nts nf power required by
industry to meet the country's war prochmtinn pra-rc™.
An increase during the fiscal year ended Dec. 31. 1941. of sw-axI.
m^telv $3 000 000. in the companv's gross revannes, to tot^V/ of $31118 600, was largely offset by higher
taxes which pbyr-^ed annroximate'v- 24.06%
of total revenues from salps of aleetridtv and aas.
Referring to the mounting tax burden
imnoSed on t^e»comnanv.
John 3. Norris, President, inta statement flCcomnan"iv,g the^Jn-ncial
report,
mahes
ciear +u*»t these taxes
(wh(eh tot^'ed .$7 137 818 in
1941 exclusive of $1,250,000 sales taxes paid on electricity and gas
Evidencing
.
Balance.Sheet Dec, 31, 1941
.
/$304,974; total,
all-time
$1.03
Asset£r4-CJasll,\i $194,368;. Dominion- of Canada bonds, $34,544; cus-; ,
\tdmer+-accountK receivable; -(net)»■ $258 501,/ advances* on. purchases of^ 1
1 *878,971
'"-1,890.712,
'grain /and supplies,' • deposits, and miscellaneous accounts receivable, /
_529 495 v
520 4o<i„.
;$9,297;: inventories,/$703,866; prepaid expenses, $65,328; real estate!
570,219 ; 7.478,533/
note- receivable (secured), $178; due from employees, $9,031; invest-/
ments, $8,248; land, buildings, machinery, furniture and fixtures, and f
5,928
—
8,638
automobile equipment *fnet), $749,855; total. $2,033,215,
.
192.
Montreal
c
125,000 >
"■/•'v
: '
$6.816.]06"
$9.485..747
Report—
in
1005.
;
.
40,319
87,750
deducts.
and
OtJicr -int.;
'$500,092
——ix
bonds ..." 156,501
-
100,000) shs. cap. stk.
$6-,818.281
$6,493.27$-
30,438
$153,471?
100,000
$151,459
income,
,
32,846
-
$103,089
100,000
Net
$567,936
6,270
revenues—
(net)—Dr.__
income
Gros
11,118,685
640 206
4,592,837.
__—,
19,023
/ Dividends paid leash)// ',"" •: 115,000
Earnings per share on!
?
'
Reserves
32,535
3,597
67,497
i
$216,755
/
33 380 :
"31.570
1938
^
$154,648
.
.
oper.
1939
1940
$58,038
on
■"2,057J837
r
139,614
Customers' deposits,
178,315
96,526
Property retirement and
depl.
Deprcc.
,.
$250,526
& misc. inc.//'/
bldgs., machinery and equip./-/
Prov. for income tax
'
Oper. prof.
283.876
t^xes
profits taxes—
taxes ———
,1941'?-,
Years End. Dec. 31—
5.308.174
5.739.959
$70,329
423.427
excess
Ofher
$1,712,279 $19,214,450 $17,615,593
Federal
for
Provision
■
credits
Deferred
$1,648,052
—
excl.
^or Fed. inc.
Prov.
Net
Total
revenues
expenses,
direct taxas————
1,162,245
862,028
7,056,848
Deferred charges
Accounts
,
.
Operating
Comparative
UtMt?plant
.
.
-
! .' / V ■'
share on 356 826 shares *.
stock ($100)
per
.' 120,000
1,784,130
common
♦Includes
•and
$2,333,438'
120,000
dividends
Common
Earns,
______
.
-
.
after Feb.
21, 1942,—V.
155, p. 506,
National Refining
,
Co.—Accumulated Dividend—
'
declared a d!v:dend of $1.50 per share on
account of accumulations on the $6 cumulative prior ^referred stock,!
no
par/value, payable. March 10 to holders of record Feb. 23.
An
initial
d:strlbut-!on ot' $1.50 ner sba™ was made on th s issue on."
Dec. 1, last.
Arrearages at Jan. 1, 1942, were reported to be $30 per
The
directors
share.—V.
152.
O.
have
3818.
Volume 155
the Commercial & financial chronicle
Number 4051
National Surety
As
Corp.—Earnings—
(Including National Surety Marine Insurance Corp.) V
Years
Net
Ended
Dec.
1941
incurred^.^,.
Below is
from
,7,544,224
7,337,395
$1,682,377
$1,081,086
$1,030,383
176,657
dividends and rents earned—
Investment ..expenses,,-—
$1,177,285
149,162
v
,
investment
Miscellaneous
.
income
realized profit on
Net
earned—
$1,028,122
1,408
sales of inv.
before
?•
provision
$904,429
7,850
•
income——
income
20,733
$2,943,489
$2,675,301
430,000
316,000
Net inc. after Federal inc. taxes-
$2,154,627
$2,245,301
$2,447,770
Net realized prof,
&
misc.
Pro v.
.
for*
transfer
of
238,306
84,121
surplus.
22,141
20,281
$2,132,486
1,000,000
surplus
•„
_
V
Consolidation of
,
Dec.
$2,140,898
750,000
^
•
Liabilities—Reserve
•
for
Balance
losses,
Sheets—Dec.
31,
Whitney
tures
f
1,000,000
1941
$3,627,835;
for
reserve
Naval Stores Holding Co., Inc.—Tenders—
Feb. 26
National
Bank,
to receive
was
New
bids for
r
7,142
10,896
14,991
Orleans,
the
sale
La.,
to
it
a dividend of 25 cents per share on the
split-up common stock, no par value, payable March 14 to holders
March 5.
An initial of 50 cents per share was paid on
12, last, on this issue (compare V. 154, p. 1267).-—V. 154, p. 1701.
loaded
Received
Feb. 22,
1942"
1941
from
—834
6,211
5,769
+442
conncc.
loaded
from
45,464
-V.
155,
Indicated
trustee,
until noon,
6%'% income deben¬
day following Feb. 26, 1942.—V. 155,
54.
p.
$1.59
i:
2.54
793
1.78
-3,285
net income
to
of the
$1.59 for 1941—
company
8,572,626
on
shares
■
^
for the year 1941 amounts to
common stock
outstanding,
of
released Feb. • 25.
The 1940 figure
was equal to $1.52 per common
share.
Subject to audit, balance of
earnings available for the common stock total $13,652,489, after all
charges and preferred dividends, compared with $13,071,367 for 1940.
These figures are based on dividends actually
received by the com¬
pany and exclude undistributed earnings of subsidiaries.
// On the basis of consolidated results, including North American Co.
and
subs'.d aries,
indicated earnings available to the common stock
amounted to $16,451,737 for
1941, or $1.92 per common share, the
preliminary report shows.
This compares with $16,495,100, or also
$1.92 a common share, for 1940.
Consolidated gross revenues aggre¬
gated $144,647,290 for 1941, an increase of 11.03% over the $130,'
stock,
$5,
par
similar
payable
distribution
March
made
was
2077.
p.
has been declared
10
holders
to
Dec.
on
5,
of
on
the
record
1949;
common
Feb.
27.
since.—V.
none
A
152,
,
For the
week
■;
Association—Output—
■
ended Feb.
20, this association reports electric output
of 11,818,522 kwh.
This is an increase of 1,307,842 kwh., or 12.44%
above production of
10,510,680 kwh. for the corresponding week- a
,
'
;•/./..'■//
.year ago..
•-/■■/.
,.v
,
Gas
or
a
output is reported at 139,132 Mcf., an increase of 14,913 5Mcf.,
12.01% above production of 124,219 Mcf. in the
corresponding week
year ago,^-V.
155, p. 828.
,
New Orleans & Northeastern RR.—Preliminary Earns.
Calendar Years—j.
:
.(Gross
operating revenues——
operating expenses.:
Total
1941
.
:
,
$5,613,872
•
„.
1940
M/
$3,359,932
2,764,840
2,014,553
$2,849,032
$1,345,379
1,020,834
reported
$1,426,799
$675,770
27,256
Equipment and joint facility
Railway
Other
operating
income
25,383
for
operations of the same
subsidiaries
consolidated
in
1940.
The
SEC,
under Public Utility
Holding Company Act, on Dec. 30, 1941, ordered the liquidation of
the North American Light & Power Co.
and it will not be consoli¬
dated
in
1942.
For comparison with
interim figures already publ'shed during 1941, however, the consolidated figures for 1941 include
net
profits of that company and its subsidiaries applicable to its
preferred and common stocks owned by the North American Co. of
$936,088 or 11 cents per share of the North American Co. stock and
the results for 1940, $807,104 and 9 cents per share, respectively.
Total
electro
output of the' North
American system, including
Potomac Electric Power Co.,
whose earnings are not consolidated, in
1941 was at a new high record of 9,700,000,000 k'lowatt hours, as
compared with 8,056,000,000 k'lowatt hours in 1940, an increase of
over
20%.
Increased
production
under
national
defense orders
resulted in an increase in sales to industrial customers of over 28%.—
The
281,241
Taxes-
rents—
income-
V.
results
155,
the
income
gms
and
Interest
—;—_
rentals
:
—$1,454,055
week
—V.
,
.
345,956
Feb.
sales
Costs & expensesGeneral taxes
9,624,934
Amort,
of
$1,784,947
3,306,256
138,518
*?
accrued
Total
Other
Profit
'
income
■
$1,901,685
100,025
$3,945,575
90,196
-
...
Total
93,995
$2,001,710
4,953,752
Net
Profit
2,893,568
355,317
% I 505,054
Earned surplus,
beginning of periodAdjustment of prior" years' tax accruals-^——
Total
7%
$1,046,656
777,360
t$170,623
$747,858
$3,648,483
64,780
—-i—■
Balance
>
;
surplus
Previous surplus
y
:
prior years-
tax.
Add'l
—s
523,414
surplus
•
$4,221,841
sold
income
dividends
Amortiz.
of
188,281
146,662
1,197,458
.
1,102,135
Earnings
,t$235<403
1,128,465
per
14,566
•
Consolidated
•
1,378,435
——
——
$2,852,292
311,618
—:
—•—<— «>+ '
; ■699,387;
1,556,601
stock—-—1,552,237
share,
$2.09 ;>%;■■; $1.83
.
Balance
Sheet,
Dec.
31
1940
1941
Assets—
■
31——UEarns, per com. share.,
Surplus Dec.
$2,418,911
$1,886,500
$5.05
$4.04
;
$-i'A
$
154,210,691 146,266,746
U. S. Government obligations——————— 134,809,036 116,946,880
Other bonds and securities—44,124,923
46,150,511
Stocks of Federal Reserve banks
1,007,000
996,450
Loans and discounts-—.
200,772,384 160,807,602
Commercial paper
4,812,500
4,582,500
Overdrafts ——.>.
64,496
95,945
Customers' liability on acceptances
13,137
subsidiary for
tDeficit or loss.
>•>1941:
the
'
period from April
"'"v
/
'
1,
Nil
to
1941
Dec.
31,
:
•
of
Cash
$1,128,465
$1,487,644
$2.88
'
^Includes
elec.
Comparative Balance Sheet Dec. 31
v"-
Assets—
*Land,
§1941
& equipment.-
buildings, machinery
—^
1940
$3,947,299
■••••'v..
$3,478,052
5,502,709
Patents, trade name, etc.J-5,502,709
1,156.961
affiliated
and
securities
receivable
Accounts
{Capital
stock
_-r————_.u——49,961
i--" 3,241,388
.
>
banks—
due from
Beebe Island Water Power,
etc.—
2,005,920
16,191
1,478,528
^
Liabilities—
tdommon
Accounts
Accrued
.
53,429
Total
•After
1941
common
462,190
1,742,298
204,543
$18,266,540 $15,359,371
669,824
459;487
.
1,101,819
245,213
211,564
2,418,911
-—
627,480
893,238
1,442,032
%
for Federal
Note—Provision
•
;
i--—
but not earned————
1942
12 Mos. End. Jan. 31—
Operating
revenues
Gross income after
Net
income
Earnings
.
Affiliated
banks
Capital' and surplus—Northwest Bancorporation
——
...
•And
——
-
other companies,
included
Co.—Transfer of Stock—
p.
above;-
affiliated
13,137
1,256,277
199,197
1,611,683
Co.—New Director—
Jr., President-of the
2.718.956
1,740,492
3,080.525
1,484,383
1,472,014
39,805,174
37,223,592
554,069,363 490,431,089
less reserve, other than cash in affiliated
tother than
cash in affiliated banks and
banks
and
companies
included
above.—V.
—
2,717,297
$3.86
'
directors
Street Co.—Interest Payment.—
declared
have
an
payment of 2 % on the
income bonds, due March 1,
interest
principal amount of the first mortgage 6%
1942, to the registered holders as of Feb. 16,
Checks will be mailed by the Pennsylvania Co. for Insurances on
payable March
2,
&
,
.
.
-
-
The SEC
a
120, p. 2618.
Paepcke Corp.—Earnings—
Earnings
Dividends
for
Year
the
Ended
31,
Dec.
1941
$107,693
received
income
Miscellaneous
—522
$108,215
Loss
sales
on
securities...:—
of
:
4,537
$103,678
income
for Federal
Provision
for
income
Dividends
taxes.——
—25,016
year
$58,821
56,999
—_
preferred
on
stock.—.——*
Balance
Sheet
Dec.
31,
1941
Assets—Cash, $240,544; marketable securities—at
cost (quoted mar¬
other investments, $25,159; vacant real
franchise taxes, miscellaneous receiva¬
bles, etc., $2,860; total, $1,259,115.
$891,032), $946,289;
value
ket
prepaid
$44,264;
(net),
Liabilities—Accounts
for Federal
sion
payable,
$4,189;
income taxes, $25,000;
accrued taxes, $3,355; provi¬
7% cumulative preferred stock'
$1,115,700; common stock
($1 par), $49,761; paid-in
surplus, $76,710; treasury preferred stock (300 shares at cost), dr.
$15,600; total, $1,259,115.—V. 151, p. 2202.
($100
par),
(& Subs.)—Earnings—
Owens-Illinois Glass Co.
%i::; Consolidated
Account
Income
sales,
other
1939
1938
$
125,555,157
89,297,206
82,025,093
75,106,756
95,231,868
70,629,458
62,915,967
60,428,881
18,667,748
19,109,126
14,677,875
7,525.987
7,019,259
$
royalties and
revs.—
sales
(inch
oper.
of
Cost
Calendar Years
$
$
Net
for
1940
1941
deprec. of mfg. plants
and
amort,
of
leased
equipment
profit
Mfg.
and
Feb.
13
declaration regarding
XJtilties Co.—SEC Issues Order Per¬
issued
an
order
net
30,323,289
revenues
oper.
and
general
ad¬
exps.___
9,381,017
debentures-
252,083
8,282,790
307,083
424,889
523,639
54,485
1,754
7,388
16,625
628,250
48,644
188,750
1,096,624
195,271
326,576
789,697
723,471
148,107
87,743
332,235
146,008
9,003.975
711,091
7 553,135
9,827,695
452,460
6,139,432
356,533
ministration
Int.
on
interest
for
Prov.
bonus
management
....—--v.
Discount
Prov.
on
sales,:—...
for bad debts^—„
Sundry exps. and losses
Other income,...
permitted to
become effective
the following complementary transactions:
v
73,660
G37T36
195,777
Cash
proceeds ree'd in
fr. sale of patent
rights and licenses.—
year
Total
income-.——
37,500
49,000
37,500
303,219
19.137,572
9,606,060
10,317,656
6,799,184
annu'ties
1,389,127
income taxes.
{8,708,296
2,383,026
1,8~8~2~741
1,415~379
for yearDividends
paid
No,
of shares outstdg.
9.040,149
7,223,074
8.434.915
5.333.805
6,653,010
5,322,408
5,322,408
3.991.806
31
2,661.204
2,661.204
2,661.204
2,661.204
$3.40
$2.71
$3.17
•Past
service
Prov. for
Net profit
on
Philadelphia, Pa.—V.
Granting Annuities,
154,
799.
mitting Declarations to Become Effective—
Yale & Towne Manufactur¬
ing Co.r has been elected a director.1—V, 155, p. 828.
2,676,464
shares
—$3.79
;
...
(550,000
share
common
1,416,127
2.817,517
—
Northwest Bancorporation
Minority int. in cap. stock & surp. of affiliates
Total
1,532,863
Niagara &-Eastern Power Corp. above.—V-. 154, p.-. 1005.
Carey,
3.581,659
18.338,981
403,759,010 342,778,916
99,954,086 101,250,812
—
Reserve for interest, taxes and expenses.——.
Reserves for contingencies—
«N. Y., Pa., N, J.
Gib°on
$9,707,894
3,540,977
accruals.
reserve
—
per
1941
$10,256,911
——
———
retirement
1518-20 Locust
The
Other
385,692
acceptances
liabilities
interest- in
W,
—
and
Other
554,069,363 490,431,089
•'
Interest Collected
toanks
New York Telephone
ended Dec. 31,
365.
155, p.
/Oklahoma Natural Gas Co.—Earnings—
Sell.,
—-
———————
Demand deposits
Time deposits —
1.886,500
—$18,266,540 $15,359,371
depreciation and special reserve of $3,587,899 in 1941 and
in 1940.
{Represented by 259,120 shares of no par value
by 260,000 shares of no par value in 1940. {880 shares
stock.
^Including subsidiary.—V; 155, p. 193.
See Buffalo,
taxes for the year
income
1941, includes $413,500 for excess profits taxes under the 1941 Revenue
Act.—V.
600,203
Co—————
Investment
and
New York Bower & Light
$1,802,527
268,380
Liabilities—
$4,927,681
in
71,176
1,80.9,490
{Assets o(f Northwest Bancorporation
.75,106
3,272,192
1
———
—
—
collected
not
but
Letters of credit
————-——
10,636,458
„——~-——
earned
assets
•Assets of Union
..
$11,660 400 $11,700,000
—.—_
accounts
Contingent reserve
Earned surplus —
Other
Total
'
stock
payable
10,081,262
1,927,354
Patents & patent rights of subsidiary--^—-202,413
Prepaid expenses, etc.—216,344
Total
premises and investments in companies
Interest
39,200
1,927,354
.———-
Miscellaneous accounts & investments——
3,006
$1,886,750
_——
banks.
owning bank premises
Other real estate—
49,961
1,194,669
(company)-—.———— "
Inventories
Bank
1,560,363
Cash
Marketable
14,253
56,142
3,635
—
—
r!
133,902
1,151,400
11,875
plant
surplus, end of period
1,025,343
1,151,400
75,306
adjustm. accounts-——'
Premium and expense on debentures retiredMiscellaneous charges
(net)
Earned
$4,186,574
133,902
v.———;
120,752
on
Dividends paid
Assets
f.
$4,288,214
1,025,346
———
573,358
$4,637,241
securities
on
Shares of capital
i.yi.'
$359,179
$398,856
1,487,644
$532,411
1,886,500
36,000
19,842
Consolidated net income——$3,251,503
t$170,623
388,680
.647,800
v
1,646,956
60,000
cumulative preferred dividends.—————
cumulative preferred dividends
———
6%
Net
'172,706
;
1,802,527
r
Reduction of reserve for doubtful accounts.
936,503
$4,113,827
pref. stock and int. on cap. debs.
.Minorityinterests:
Provision for losses and depreciation
:
450,000
$1,309,771
—
+-
$2,539,618
342,655
1,074,084
assessment
earnings
Dividends
'
Net income
38,238
$2,389,687
income
estate
Dividends
79,603
28,861
4,873,835
3,096,548
___—
73,137
$920,564
717,000
$4,035,771.
1
tax___^.
profits tax—'
266,272
Cr5,532
1,035,122
Taxes paid or accrued
t$243,760
$826,569
%
.
2,009,000
income
income
exc.
$13,730,166
accrued
paid or
Total1
Federal
$14,533,254
—
—
'187
from. operations-
Fed.
4,180,123
—
939,726
earnings
Federal deposit insurance
•
toy sub..
Other
1940
$9,829,459
3,900,707
$10,353,131
———-r
———
—
expenses
Net
•'
v——
earnings
Salaries.
134,434
105,103
of pats,
(Including Affiliates)
-1941
Calendar Years—
Interest
1,894,273
135,381 -;r :y
plant
emerg.
facilities
Amort,
$4,268,206
295,987
200,768
264,314
65,654
Cr9,420
v
rMiscellaneous''.."te4,^^—
Lives
Bancorporation—Annual Report—
1938
5,070,473
566,020
Depreciation -ii
$4,555,282
1,637,083
1,618,083
—
Interest, charged to construction————
1942.
Other
1939
$7,406,663
debt
interest
1953,
390,097
1940
U $14,442,587
funded
on
1,029
r
$4,357,181
Amortization of debt discount and expenseOther
$4,554,253
898
(Del.)—Weekly Output—;
1942,
;
*1941
$4,356,282
—
„
income ■'
Interest
the
21,
kwh.
Interest
Net
the
155, p. 829.
v
1:.
Gross
(net)'
$311,055
New York Air Brake. Co.—Earnings—
Calendar Years—
include
Northern States Power Co. system for the
totaled 34,950,000 kwh., as compared with
for the corresponding week last year, an increase of
of
output
ended
8.0%.—V.
;
$701,153
-
$1,108,090
i
—
charges
155, p. 541.
over
1941
Northern States Power Co.
■X
Northwest
Income
Net operating income
outstanding)
—V. 155, p. 640.
32,350,000
Total
year
;
738.
p.
Electric
0
+,i.T^
——
Common
1940.
for
388,368
401,399
—
Net revenue from operation,
—
'
274,856
New England Gas & Electric
1940
——
—«
•
Nelson Corp.—25-Cent Dividend—
dividend of 25 cents per share
1941
$14,449,281 $13,665,141
4,689,231
4,651,350
Maintenance and repairs
—719,599
733,820
Appropriation for retirement reserve
1,600,000
1,500,000
Amortization of limited-term electric investm'ts
23,883
25,092
Taxes (other than, income taxes)
1,592,284
1,496,625
Provision for Federal and State income taxes.,704,000
1,468,000
>
preliminary figures
Earnings—
Year End. Dec. 31— ,'■',
Operating revenues
Operating expenses
1.60
+
•
A
:
Other income
share
per
according
Dec—-
—4,078
205,013
,
of
27,100
or
829.
p.
North American Co.^-Net of
.
'
1.40
44,671
connections,
Total1
6,180
—Inc.
160,342
201,728
Reoeived
156,264
20,920
7.66
...
Cars
Oklahoma Gas & Electric Co.
3.74
::
A dividend of 3 cents per share has been declared on the common
stock, par $1, payable March 23 to holders of record Feb. 28.
This
compares with 5 cents per share paid on July 31, last year.
In 1940 a
total of 10 cents was disbursed.—V. 154, p. 1702.
•.
>
1942
.
22,319
O'Brien Gold Mines, Ltd.—3-Cent Dividend—
'
Feb. 14,
—Inc. or Dec.—
■'/''■'%/ %
21,485
-
Total
27,696
28,088
-~392
j-v""."'',';'-""-1''-""/CYear to
Year to
'/vv'v/>'
///J peb. 21, *42 Feb. 22, '41
-
..
Ry.—Carloadings—
Feb. 21,
Week Ended—
•
Cars
loss
Nov. 1, .1932, and due Nov, 1, 1942,
to an amount suf¬
ficient to exhaust $169,000 at prices not exceeding 100 Viz and interest.
All debentures accepted are to be deposited witlr said trustee
by noon
(Herman)
5,378
14,449
;
.
::
•
V
::
dated
of the seventh
6,840
15,150
Norfolk • & Western'
:
adjust¬
ment expenses, $794,000; reserve for unearned
premiums, $6,095,424;
reserve for commissions,
expenses and taxes, $1,560,368; contingency'
reserve, $540,858; capital stock <$10 par), $2,500,000;
surplus, $11,419,654; total, $26,538,139.—V. 153, p. 697.
//
;
>'
refunding .series, due 1956, now owned by it, to Associated Electric
which' in turn will acquire them, in exchange for the transfer
delivery to NY PA NJ Utilities Co. by' Associated Electric Co.
of $1,356,700 of Mohawk Valley Co. 6%
collateral refunding gold
bonds, due 1981, together with $50 in cash, representing an adjust¬
ment to the next lowest issuable denomination. of said bonds and
with e, cash adjustment with respect to the accrued interest on the
respective securities credited to the respective transfers to the date
of closing.—V. 155, p. 193.
and
—
$2,209,464
Assets—Cash, $3,396,300; investment, $21,243,770; premiums in course
of collection, not over 90
days due, $1,207,173; accrued interest, divi¬
dends and rents, $123,255; reinsurance and other accounts
receivable,
$67,640; home office building, $500,000; total, $26,538,139. '/%«
r
828.
p.
NJ
PA
Co.,
record
■
Balance transf. to earned
Dividends paid
7,849
——.—.
155,
NY
Corp., of which NY PA NJ and Associated Electric Co. are
subsidiaries, NY PA NJ .Utilities Co, proposes at the present time,.
in this transaction designated by it is "Transaction K," to transfer
and deliver
$3,015,000 of Associated Electric. Co. 4 V2 % gold bonds,
98,593
5,518
of cross-holdings of securities among companies in both
Utilities Co. system and that of Associated Gas and
amount
the
The directors have declared
new
and
approp.
capital
and
subsidiaries, to facilitate such further steps as may toe
for it to take, to simplify its subholding system, to provide
and other indebtedness, and to reduce the number
funded
its
Electric
Niles-Bement-Pond Co.—25:Cent Dividend-
on
amount
to
for
308,862
sales of invest.
transf. to cap. surp.
inc.
74,155
7,609
6,912
Total
—V.
$2,763,770
?%/ 480,000
...
income
88,617
8,238
Received
•
taxes
for Federal
96,185
Loaded
204,343
33,963
12,431
—.1
of the
•necessary
Pittsburgh & Lake Erie-
$843,087
for
Federal income taxes
Net realized loss on sales of invests.
Provision
received
—
Total
v-
Net
and
York
New
187,297
'
Int.,
Net
stations
loaded at
cars
revenue
the
for
some
and the
7,606,310
$1,750,591
of
statement
connections
part of a plan for the acquisition by NY PA NJ Utilities Co, of
large amount of its bonds debentures and certain securities of
a
RR,—Carloadings—
Central, including leased lines
Pittsburgh & Lake Erie Railroad, week ended Feb. 21, 1942:
New York Central, includ- v
—Wk. End. Feb. 21——
Wk. Ended
ing Leased Lines—
1942
1941
1940
Feb. 14,'42
Loaded
44,238
41,971
35,227
44,524
Received
—51,947
46,646
38,923
52,072
$9,288,687
r' $1,893,226
Underwriting profit
.
$9,087,986
New York Central
'
1939
>
1940
$9,437,450
31—
earned—..^1.—^;-
premiums
'Losses and expenses
923
at
Dec.
Earnings per share
"Covering
contract.
certa'n
emMovees,
purchased under insurance
{Includes $4,595,000 Federal excess profits tax.
$2.02
company
924
THE COMMERCIAL & FINANCIAL CHRONICLE
Consolidated Balance
Assets—
Cash
In
and
Time
deposits
U.
U.
S.
With
insurance
notes,
Government
Marketable securities,
♦Notes
and
accounts
Investments
"B"..
receivable
other
1,000,000
——
—
assets,
tProperty >
Leased machinery in
process of
Licenses, patents and goodwill
Deferred
charges—„_/;
611,807
in
7,788,808
14,318,133
5,595,214
45,481,478
5,752,277
■
45,304,005
382.364.
amortization—
of
after
'
.
/-/:
Accrued
wages
Accrued
interest
Accrued
mortgage
Accrued
Est.
ity
taxes
789,062
due
Reserve
(inc. cap.
Deferred
Paid-in
will
♦Earned
the
./the
48,644
of
or
the
$25
new
par
cash
of
cash
155, p.
640.
i-Cf,V;
The
be
within
20
capital
See Port San Luis
in
to
Erie
liabilities,
of
will
the
of
Erie
preference
in
cash
and
of
and
fixed
The
Interest
NY
PA
to
and
of
the
of
Penelec
will
new
to
go
■
'••••>'/■
7.
assets
of
Clarion,
fixed
assets
■.
.
$25
Associated
minor
par
Preferred
"
will
Total
v
in
stock
Common
of
Youghiogheny
and* Youghiogheny will '
surplus
>
Logan will be acquired by,
Maryland will be acquired
A
'
dividend
stock,
'
of
of
50
cents
payable March
like
ment
amount
this
on
10
holders
to
made
was
issue
since
declared
share has been
per
record March
of
Dec.
on
29,
Sept. 10,
which
last,
1937.
See V,
the
on
3.
A
common
first
154, p. 1632.
pay¬
'
^
calendar Years—
Net
sales
Cost
of
V'
.
Total
J.
1941
•
The
$2,683,405
2,303,219
$525,961
144,907
cost
Gross
profits
,
Selling, advertising, admin. & general
expenses.
forma fixed capital over original
pro
fixed capital:.
of
Capital
Operating
Other
profit
$336,831
.
57,605
$
Total income
Interest paid
Federal
Net
I
income
Federal
paid
dividend
held
in
shares of
share of
per
for
and
$69,788
in
and
$59,855
in
',/"
$1.40
.
deposits
and
cash
$1.60
the
buildings aggre¬
Liabilities—Accounts
Federal
payable,
taxes
and
shares),
$332,723;. capital
$417,996; total, $1,211.534.—V. 153, p. 403.
To
...
&
Tiliord
acquired
G.
all
assets
distillery.
been
had
for
fixed
whiskiesf
started
capacity.—V.
of
Mr.
154,
the
except, whisky
company
Handren
two
on
announced
warehouses
which
w.ll
also
add
in excess
&
by the
construction
to its
SEC
Feb.
on
that
are
part of
assets
issued
to
become effective
general
order
an
granting applications
and
and
company,
subsidiary of the trustees
of
Associated
Gas
indi¬
an
Electric
&
Corp., of
first mortgage
bonds, due Jan.
1,
1972, and $3,400,000
preferred stock, proceeds of which are to be used in part
redemption and retirement of the long-term indebtedness and
bank loans
presently outstanding and to be assumed by Pennsylvania
Electric Co.;
$32,500,000
cumulative
the
(2i
of
For
The
the
acquisition
Clarion
by Pennsylvania
Electric
Co.
of
the
assets
River
Power Co. and Erie
Lighting Co., subsidiaries of
Pennsylvania Electric Co., of Associated Maryland Electric Power
Corp.,
Solar Electric Co.,
Youghiogheny Hydro-Electric Corp., subsidiaries of
Associated Electric Co., and of
Logan Light, Heat & Power Co., a sub¬
sidiary of
trustees
(3)
NY
of
and
the
including
"reserve
for
amount
of
■surplus
The
Gas
amount
at
Dec.
from
in
proposed
debt securities
to
now
indirect
an
Corp.;
certain
subsidiary
and
of
<
•
and
accounting
Pennsylvania
and
from
capital
common
(1)
contemplates
(interest
surplus,
augmented
the
refunding
rates from
the
of
company
stock
public.:
4%. to 6%
that
be
used
Payment
of
as
of $25
par
proceeds
follows:
"
bonds
tion
premium)
bank
value
from
new
the
common
sale
of
stock/
the
be
(including
bonds
Erie
set
or
;
used
for
—„
construction
—
proposes
the
sideration
JU
acquire,
to
assets of
Mo1*vlflnd.
with
Erie.
Ail
of
for its
and
as
subject
Clarion.
the
six
"
leased
companies
will
be
of
,/
f
tr
In
»
1.232,439
1,041,425
$8,102,525
$8,364,335
$117,864
*"'$117,864
$117,864
$4,255,814
$4,004,904
$1,742,593
,''ci 213,136
./«;.'
debt
discount
V
6,793
*
assumed
interest
on
Other
1,807,821
-
6,793
&
charged
to
V,056.259
62,143
other
companies
assoc.
$3,749,386
1,594,546/
68,865
80,086 "
•
debt to
$4,011,697
and
charges
on
Interest
$4,468,950
>—Zi
,
89.086
69,030
>
-531,852.
construction-
Cr46,314
deductions
Net
Dec.
31,
created
to
1941,
of,
said
by
Cr46,314
Cr46,314
10,603
10,603
10.603
$2,007,036
$2,301,632
$2,659,817
-
the
of
extent
the
on
interest,
preferred
foregoing, It appears that total fixed charges/including
be covered 3.44 times and total fixed charges plus*
requirements will be covered 2.94 times. / •
/ ; :;
will
dividend
'
Issues Invitation for Bids for Purchase
lb)
and
reserve
income
Based
bond
appro-
appropriation from stated
stock by reduction of the par
Preferred Stock—
Bids
-
for
Clarion this stock
$8,065,000,
assets,
take
the
vV.
■.
whole
a
1972^
of
of
adjusted
to
and
•'/
.
$32,500,000 of
of
issue
an
of Bonds
;/•:■/.. /
„•, -
Issue of
an
and
34,000
first
shares of
cumulative preferred stock ($100 par), or for the purchase as a whole/
of either the issue of bonds or preferred stock, will be received
by the
company at Room 2624, 61 Broadway, New York, up to 11 a. m. Eastern
Standard I War] Time, on March 2, 1942.
Bids for the bonds and for
the
is junior
preferred
will
stock
copies of
considered
be
the prospectus
only
from
bidders
who
have
and only if made in accordance with
terms and conditions.—V.
155,
amount greatly in
an
as
///..%,-'',
the
purchase as
bonds due Jan. 1,
mortgage
p.
266.
eliminate
position
Pennsylvania Glass
is worthless.,
Dividend—
25
directors
cents
record
'• '•
Feb.
on
per share
March
Sand
-■
^
The
.
on
the
common
A
like
amount
14.
Corp.
25-Cent
—
/ ; -'
■
declared
24
quarterly
stock, payable Aoril
daM
was
Common
' / 7.' • ■'•/.'
'
regular
a
this
on
July. 1, Oct. 1 and Dec. 12, last year.—V. 154,
;
■■.
dividend
of
1 to holders of
issue
on
April
1416. 777:'
p.
1,
■
Pennsylvania Water & Power Co. (& Sub.)- -Earnings
Years End. Dec. 31—
Operating
revenues
Maintenance
Power
STOCK
1940
$6,461,702
——_
307,837
purchased
Power
1941
—_„7—^Z——
„
from
Harbor
Safe
$6,319 466
•
304,128
Water
Corp.
951.238
Interchange power (net)——
Other operating expenses.;
—J.
Penelec
the
proposes
following
steps,
Depreciation
among
of
of
new
the
$4-545.700
to
stock
common
of
bonds
Aelec
of
in
:>
930.519
Cr20.029
—
25 694
-
1,174 358 7 1,188 217
the
.t
+
stock
As
Other
Penelec
i
.
—
,
income
414.428
••319.882
384.314
$2,668,385
/———
——
548 565
■]
406,893/
Income
Gross
•
of
the
$2,618 4 48
335,030
420.936
$3,003,416
common
stock
to
$3,039 084
707,113
it,
to
companies
heretofore
as
discussed.
Solar
Such
will
1,236,254
the
with
long-term
on
766.999
debt——————'——.—_
Amortization of debt discount, premium and ex¬
and
(net)
pense
Taxes
191.382
163.183
—
assumed
Interest
companies, will go to Aelec. which
outstanding common stock, $25 par
the
all
have
totaling
settlement
income
Interest
*
.
new
Youghiogheny,vln consideration of the transfer of the
on.,
charged
interest—7——
to
Miscellaneous income
134 6(7
iJil
"21.000
/
Crfl 817;
construction—
deductions
Crl 570-
29,247
8.537
$2,110,690
$2,115 5nt
7.
shares.
underwriters or purchasers of the
Net
bonds
/
income
Dividends
on
/—_/_—
—*
$5
on
Dividends
Balance
Earnings
cumnlative
common
for the
——
preferred stack——- ■—•107 465
stock—'
107 465
L719.392
—
at
canceled <by
$25
par
already
i 1,719.392
issued
Associated
Penelec.
not
i
,.\J
Maryland,
Aelec
consider
.! :
will
the
company's
of
this
accounting
treatment at
Accounts
6.
m
V
I
4
.
-i
.t
.1
< ■>
»
"
'
* i.
u,
1
.
Sheet,
—_J—L—
Dec.
31
securities
receivable
excess
/'
i.
—
1940
$38 062 102
373.668
.
324 3«6-
5,044.391
ii—
"
—„—
5.044 390
470.5R9
deposits
fund
»Wf><;tr(cted
P-enoid
Total,
-
501.443
I
I
:
110 7«?
—
•'
*
/i—."*
debt
discount
r~r
~~t
and
'.tt
510.152
a/—550 000
:
redemption of bonds
assets
—T--T.
709 Rfi8
2.045 5tf
•
fo"
r.hararea-
Unamortized
t
/.;■
$38,384,495
—
!
sunnlies
Treasury -notes
pinVino-
time,*
$4.67
for
liability
no
2.152.028
Special
•
V
and
R.
$288 644*'.
*
$4.66
1941
Investment
stock of
We will
this
Balance
account
U.
indirectly of Clarion, into common
gain a profit nor suffer a loss.
and
indicate*
Cash
to equal this amount.
neither
$283,833
w——
stocks—-
computations
Consolidated
upon
propriety
common
tax.
Probertv
A sufficient number of shares of common
will be
on
Assets—
-
TREATMENT ON BOOKS OF AELEC
Aelec.
value
stated,
year.— ——
share
per
NM,e—The
profits
dissolution of Yougbioghenv and Solar,
Aelec will hold all the outstanding common stock ot Penetec. - In trans-,
lating its present Investment in- Penelec. Erie,- Youghiogheny, Solar.
con¬
'
tax
———_7_—_•>—_
Operating
$2,134,490 open account indebtedness of
.
shares
6,894
Penelec.
income
-558.591
—
by Aelec and to issue 85,379 shares of new common
the dissolution of such
time
to
of
shares
„_i
Other taxes
the new $25 par common stock
common stock now held by Aelec;
shares
-
account
$36,550,000
J
1,005,006
1,006,547
$8,728,578
—
——
*_■„
•
interest
The basis for the exchange of bonds of Penelec and Erie and of the
account indebtedness of Penelec owing to Aelec is the book value,,
the books of Aelec.. of the securities to be surrendered and open,
2.210.150
dissolved
31,902
818,891
1,352,386
764,083
plant—/
gas
long-term debt——;
on
Interest
on
Youghiogheny, Associated Maryland
r,
'
31,902
818,891
1,352,386
r
excess
—u——,
/.
Materials
part of the proposed nrogram. Penelec
to all outstanding liabilities and claims,
latter
will be
creation
COMMON
surrender
the
ACCOUNTING
188^000
266^000
Logan. Solar. Youghiogheny and Associated
*
Taxes
written
surplus.
provide for
The effect
be reflected
from $30,906 350 to
$24,725,080.
Our order will contain an appropriate con¬
dition requiring the effectuation of this change in par value.
a
interests in Solar,
and
income
expense
open
'
908,781
818,891
1,352,386
deductions——
rev.
from
Amortization
preferred stock and in connection with its consent to an order to be
by the Federal Power Commission
applicants-declarants will
the par value of the new common stock from $25 per share to
225 009
:____/
.
connection
income
income
Interest
or
$20 per share for the purpose of setting up a reserve to
the acquisition adjustments contained in the fixed propertv.
of the reduction in the par value of the common stock will
on
the books of Penelec by a decrease in the stated value
purposes
'
'
•
bonds
325,648
reduce
4.714.500
etc.
and
—-
_
on
such
upon
of
issued
and
1
III".
-——III
issue
of
Prior
$28,946 350
'
fees,
aside
(approximate)
accounts
provide.
so
cancellation of
.
such
at
(including redemp¬
—_
now
in
To
value,
The
re—
Penelec
Payment of expenses,
Balance to
Penelec
a
loans of
Payment of duplicate interest
In
held
assets
.■:..-•*
of
demption premium) —^
Payment of publicly-held bonds of
Call of
for
Erie
Aelec
(3)
be
publicly-held
to capital
books of
the
account,
159.493
the
184.488 shares to
$36,550,000, based upon a price of 102 for the
bonds and par for the preferred stock.
It is proposed that the
proceeds
will
at
Clarion's
of
800.000
Penelec.
$27,749,800
$32,278,800
the
issue
To
consideration
to
;
•.
)_1
plan
exchange
and
by
4.529,000
$1,236,254
will
Gross
Federal
To
(2)
pre¬
estimates
property
:
following
the
——
preferred
in
reserve
of
applicants
open
325,648
64,163,293
10,100.047
These amounts will be
or
common
for the 856,873 shares of no par
refunding program contemplates the issuance of
$32*500,000 of
30-year first mortgage bonds, $3,400,000 of new cumulative
and
/-•:
—'
Operating
35,894
others/
a
shares,
stock,
new
aider will
our
proposed
com¬
of
Co.
its
In
stock.
Lighting Co. (5%)
ferred
time
NEW
adjust¬
other
Electric
the
to
-
91,282
5,278,767
be augmented by
On
The
the
The
new
Such
surplus
the
value
financing
91,282
.
original cost of utility plant," in the
set
up
by appropriations from earned
outstanding in the hands of
Total
cost.
account aggregating
book
items.
financing
,1—„——-j—i.
oper.
Income
per
open
the
holders, and
of
be
1941,
by
capital for
program
and
by Pennsylvania Electric Co. of its
of
excess
31,
stated
Co.,
Electric
creation
Pennsylvania Electric Co.
Erie
&
making
the
$10,100,046,
as
transfers
Utilities
the reclassification
stock
mon
NJ
Associated
For
ments,
PA
of
subordinate
is
'
For the issue and sale by
Pennsylvania Electric Co., a subsidiary
of Associated Electric
Co., a registered holding
tor
Total
that this stock
and should be given
no participation.
In our order for hearing we directed that-considera¬
tion be given to the question of whether the facts were such as to
require subordination of all or part of the open account to the publiclyheld participating capital stock.
.■■
■
'■'/•'//
^'-'-'vV
Applicants have urged that the financing be permitted to proceed
prior to a determination of this question.
They have agreed that if the
financing program is approved and consummated they will within 20
days thereafter submit additional factual material with reference to
the problem involved and submit a plan or program with respect to
the rights
and interests of the public holders of the participating
capital stock.
Under all the circumstances we deem it appropriate
to reserve jurisdiction for the determination of the rights of such stock¬
covering proposed transactions
program:
large
a
inflationary
After Re-"
————-—
received
excess
:
Pro-Forma
Before Re-
91,282
and subject to such
to
:,•■■■ /*
Pro-Forma
$12,449,597 $11,572,634 $11,572,634
———
purchased
capital stock of Clarion.
per¬
v//;//
Combined
profits
Pennsylvania Electric Co. and th4 companies whose
being acquired.
Provision is made for payment of all out¬
are
12
Companies
325,648,
Taxes—Federal
between
accounts
storage
(1)
rect
$25
"
1
.
•
revenues—electric
standing obligations, with the exception of 4,267 shares of participating
20
a
/
*
Depreciation
original cost of utility plant."
It is
be carried on the books,, pending completion /
will
the
of
excess
at
which
for
companies and (b>
basis, after giving effect to (1) the pro¬
and (2) the proposed refinancing:
*.
.
Power
share to $20 per share. .Any remaining balance
of surplus at the effective date of creating such reserve will be trans¬
ferred to a special reserve for contingencies.
' /
//
The plan contemplates
the elimination of all securities and open
Pennsylvania Electric Co.—Issuance of Securities, Etc.
The
mitting declarations
carried
$18,021,063.
earned
(a)
therein
value, from
1269.
p.
from
balance
'
earnings
operating revenues-/-^.—/ $12,866,528 $11,989,564 $11,989.564!
Operating expenses
3,887,874
3,887,790
3,887,790
Electric
of original
of
combined
Total
8,541,732
1,032
74,263,340
presently
reserve
transactions.
the
Steam
r
Associated
of
in
for
(a)
v
Gas
capital original cost studies and the formulation of a plan
disposition of the amounts now recorded on its books which
capital surplus,
Park
made
that
50%
1941,
pro-forma
statement
:per Books
266.768
5,279,799
18,021,063
capital from the shares of
domestic
31,
40.78
100% 60,625,080 100%
5,891,065
35,894
items
amount
the
priations
/./
its
for
are
Inc., a subsidiary, has purchased the Owings Mills,
Handren, President, announced yesterday.
Tire pur¬
involved
chase
demand
of
proposed that this
of
Distillers,
Frank
Md.,
increased
financing,
Operating
'/-v/:..
for the possible elimination of acquisition adjustCo. proposes to create a reserve in the
of $10,100,046.
This reserve is proposed to be designated as a
for
Tilford, Inc.—Subsidiary Buys Distillery—
the
meet
4,694.953
debits aggregating
"reserve
the
Park
*
assets
——
;
44.149,067
266,768
35,894
Pennsylvania
amount
...
Federal capital stock tax,
$153,427; common stock (135,931 no
surplus,
$188,182;
earned
surplus,
par
9,974,752
fixed
40.78
—
-
—■
996,560
1,400,000
(42,000)
92,285,403
-
substantial improvement in the
a
proposed
$
5,891,065
5,568,110
by charges either to earned surplus
ments
$112,607;
income,
on
■■
In order to provide
notes
Oct.
the
.,7.v
•
deferred
(net!.
$214,478; inventories, $201,880; investments
$4,126; property, plant and equipment (net), $548,113;
$26,676; total, $1,211,534, \
.
.
$
9,941,732
elimination
off
$216,261;
ended
from
a' condensed
,
Maryland.
Summarizing the elimination of inflationary items, it will be observed
from the foregoing table that the proposed transactions will result in
/.—AA
hand,
100% 71,567.343
1
Estimated
Capital
$
i
224,768
♦Includes
/
31,,1941
on
(3,105,662) (4.33)
(4,329,940) (6.05)
is
Maintenance
11,460,175
—
12,716,410 26.15 24,725,080
1.24
Total other income
130,140
leased
on
J;''
11,241,732 / 1,300,000
—
Total
>
1940.
Dec.
'
94,300
receivable
and other assets,
deferred charges,
$6,600;
135,931
i—
improvements
Balance Sheet,
Assets—Demand
accounts
of
?
Fixed
*
8,699,015
—
depreciation of buildings, machinery and equip-
1941
>;
stock
common
for
amortization
7
origihal
(e)
52,848,082
♦Youghiogheny.
Logan
$217,999
—'A
stock
common
—
Note—Provisions
gated
:
(12,357
treasury)
Earnings
ment
$190,496
and
6,500,000
Solar
5.61
——————
59,348,082
—
Clarion
73,090
Z—
64.000 > '
__
—_
dividend
Stock
Erie
1,795
86,000
profits tax
Penelec
$292,884
—
taxes
excess
profit
Cash
1
/"■* $340,496
—>
3,400,000
6.24
Pennsylvania Electric Co. and Acquired Companies Combined Statement
of
income
for
above
companies for the Twelve Months Ended
Oct. 31, 1941, per Books, and Pro-Forma Before and After Re-
.
Other
InflationAfter
Acquisition
Original
Intangibles ary Items Acquisition Adjustments
Cost
$235,279
3,665
u
income—.
cost thereof,
Pro Forma
Write-ups
and other
.
•
4,468,680
13.31
Penelec, on a
posed property acquisitions
:
Z.
.
Fixed
Vo..":
Amount
1,238,169
results
for
to
$380,186
189,130
of
Adjustments
& Refinancing
%
-—13,266,067
u_.
following
months
write-ups and other inflationary items to be
written off before acquisition of Penelec,
(c) pro forma fixed capital
after acquisition by Penelec (estimated historical
cost), (d) the excess'%
1940
1
$3,413,966
Amount
It will be noted from the above that
presently-carried as deferred debits will also be written off.
The following tabulation sets forth with respect to the various com¬
panies a summary of gross fixed assets as at Oct. 31, 1941, showing (a)
—2,888,904
—(
,1—
sold
Eliminations &
,
& Adjustments
4.48
capitalization.99,688,451
.capitalization
/fixed assets per books, (b)
'
"
———
products
.
Prior
.
■_?—:•
expenses
<
Parker-Wolverine Co.—Earnings-
;
V,
distribution
the
was
;
:
Total common stock
'7.: '7-' ,,,77///V
;//I' and surplus _—,>39,401,916 39.53 11.280,808 15.77 24,725,080
7
is made up as follows:
Penelec, $8,699,015; Erie, $1,Youghiogheny, $1,032.
V
the acquisition of such properties by Penelec all presently
known amounts of inflationary items in the fixed capital accounts of
all the companies will be written off to either earned or
capital sur¬
plus.
Certain other items of disallowed costs and preliminary survey
400,000;
A'
././-*,
\
.
i * $ ■
55.99 55,817,855 77.99 32,500,000 53.61
__r„
surplus
•>
$10,100,047 and
Pacific Mills—50-Cent Dividend-—
the
to
;;
-
Pro-Forma.After
After
stock/7.— .—24,897,680 24.98
Capital
Earned
of
a reserve on its books to
provide
between, the estimated historical cost and estimated
all .of Its fixed property.
The reserve will amount to
cost of
original
-
effect
'7
1941
Companies
'/o
debt_._:/.i.. 55,817,855
stocks
giving
/
long-term debt
pref. stocks—60,286,535 60.47 60,286,535 84.23 35,900,000 59.22
of
difference
the
including
adjustments. /
by Youghiogheny, at estimated original cost.
The fixed assets of Erie
and Youghiogheny will be acquired by Penelec at estimated historical
for
Amount
•
Participating & pref77 erence stocks -J.
4,468,680
'
and
/7.
•
basis,
Eliminations
& Adjustments
''■$
•
Associated
•'
>,
,,
structure,
Combined
Eliminations
,.7
7
Long-term
of
Mary¬
Maryland
common
assets
Aelec,
/
,
of
Associated
and
1
'
:.''•'/•
owing
:■
./
capital
Oct/ 31,
Companies per
Books Before
*•
*.
NJ.
at
as
Combined
J;'..4•'
shares
the
(c)
Penelec, on a pro forma
acquisitions and the refinancing.
,.L
;■
f
v, a-v.'• .v.
,■
Solar
of
forth
(a) the combined companies per books
elimination of write-ups of $18,021,063 and
-■'.'■//
and
stock
Penelec
sets
1941, of
(exclusive
thereon,
6,894
'
subject to
Aelec,
to
liabilities
therefor
Penelec.
shares
common
and the
/v.
then be dissolved.
distributed
accrued
$48,110,
to
31,
and
•
v.-,,-.
stock.
Penelec,
-
'
(a),
property
stock.
Through the dissolutions Aelec will acquire 191,382 shares of Penelec's
(Calif.)—Sale of Properties—
Transportation Co.—V. 153, p. 699.
tabulation
at Oct,
as
adjustment for the
acquisition adjustments of $10,100,046 included in the property account,
(b) the combined companies after adjustment for the amounts indicated
days
cost and thereafter Penelec will create
Pacific Coast Ry.
following
before
of
the
dissolved.
common
and
$1,290,768 in 1941 and $1,074,422 in 1940.
tAfter re¬
deprec ation and obsolescence of $34,799,971 in 1941 and
1940.—V.
be
transferred
not
25,512,286
claims
open
interest
any
acquire from Youghiogheny the fixed assets
including the fixed assets of Associated Maryland,
120,900
for
CAPITALIZATION
"The
surplus,
Capitalization
consideration
of
distributed
Penelec.
and
will
amount
10,698,150
accounts
that
participating
cancellation
and
stock
common
the
in
33,265,050
arid
include
Youghiogheny is to acquire the fixed assets
for
10,698,150
notes
the
on
Logan,subject to liabilities,
$25,171,>. subject to minor adjustments;
issuing .In
——a—————a—*: 33,265,050
doubtful
as applicants-declarants have
agreed this Commission may.
jurisdiction over the accounting entries to be made by Aelec,
deem it appropriate to do so.
we
as
Applicants-declarants
will
subject
assets
indebtedness
Solar,
Youghiogheny,
exchange for 184,488
for
such *
held by Penelec.
dissolved
1,381,809
27,899,424
effected
\; •
$5,184,076
Clarion.
assets,
be dissolved.
(6) Penelec
will
of
$32,552,134 in
be
account
open
(5.)
$98,116,186 $88,518,553
for
serves
the
amount
;
1,425,169
contingencies.
_1„—„——L———90,000
reserve
"allowances
the
/The
par)
by
of
assumed
to
/then
——
be
proposed financing Clarion and Penelec
surrender
2,851,951
-
♦After
the
9,148,500
surplus
Total
for
then
Aelec),
then
»•"'
the
regard
acquire
7,105,500
($12.50
surplus
will
to
363,242
repairs and
income
of
In
Y9,398,785
;
—Z—_
amount
Penelec
much
as
and
liabilities, of Clarion,
Penelec is to acquire the assets, subject to
(4)
land
—„„:i——
Capital stock
plan
a
in
of
stk, and social secur¬
debt
for
314,125
cash
Logan
!/.;
114,583
1,000,000
/
359,610
/ '
———„—„
sales and other State tax.—;
taxes)
Long-term
91,667 •*
■
currently.^—.1,000,000
bonus
property,
Fed.
for
V 180,043
debentures—/_-———-ai,/
on
Sinking fund payment
<
266,399
.
the
liabilities
Penelec will acquire
(3)
$3,045,235
——_a//A.//'• ■■ 1,184,299
:
,
the
stock of Erie,
common
;
$5,017,507
in
owed
that
will
the assets, subject to
credit
a
acquisitions
1
consummation
Penelec
(2)
;/- 'i'?'>V:-'
Accounts, payable (trade) and accrued expenses
Customers'
credit balances————>//——a-.:./
the
/
Thereafter Clarion will be dissolved.
—;/ $98,116,186 $88,518,553
Liabilities—
of
indebtedness
submit
in
common
retain
publicly-held participating capital stock and
consideration
Total
that
•'
the
will
2,304,528
contemplates
■■
stipulated
the
the
,
consideration
have
842/292
3,826,829
—„_
plan
shares of
.
ACQUISITION OF PROPERTIES
Penelec is to acquire
account
292,086
•
729,569
*
—_—_
The
u.i
18,969,091
„i_
cost
Penelec.
follows;
•
10,619,394
_——
;
at
of
THE
1,549,950
——511,807
.J.;—
and
Logan, Aelec will receive certain additional
stock
2,000,000
——
cost——
Inventories, cost
and
>
1940
$9,884,208
"1,000,000
companies
series
*
1941
$7,470,899
—_
securities:.—————/
at
31
.'
hand—
on
Treasury tax
S.
Other
3heet, Dec.
.
banks
Monday, March 2, 1942
expense—
——r--
140 iftfi
*
375 270-
«90
1.245 99^
2A1
..
566 931
,/
i~~T"
100
■-
OQ.*)
741.372
$48,^78,765 $49,087,495
\
i \
\
1
•
»
*
1
;
>
-
Volume 155
;
'* Liabilities—
■ ■
■
„•
-■
■
,
JPreferred
21,862,000
payable•
360,573
long-term debt
on
Dividends -payable
Matured long-term
4,279
debt
Unamortized
for
Accrued
Other
debt_____/_______Z__
298,427
assets_£i_^i_^_^l*l»ui.,
149,186
bonds—-176,390
178,048
restricted
interest
on
//'
liabilities
V-;
Total
,
•
surplus
*
*
*
:
shares
(no
good
'
-
-
-£■-;.• ■
■ ■
ZI': Y
of
$2
V
share
per
A
dividend
payable
tion
$2;
p.
$1
made
made
were
of
of
April 15
was
606,
holders
Jan.
the
on
share has been declared
per
to
on
of
March
During
stock;'Jan.
common
April 15 and July
record
last.
15,
15,
on
21.
$1.—V,
the
in
be
for
for
the
properties at
somewhat
was
Uniform
and
"
'
f,
the
in
this
Feb.
on
24
having
and
on
dispatch from Biddeford, Me., the company announces
plans for a large new laboratory, to be one of the most
modern of its type in
New England, for the chemical and physical
tests departments.—V. 155, p. 606.
Inc.,
day
Committee
of
13,
received
14,
to
notice
1942, declared
holders
been
after
of
prior
made
Wednesday,
before
or
on
deliveries
and
into
entered
no
otherwise
"Unless
Pere Marquette Ry.—Earnings—
Month of January—
Total
operating
Total
1
!1
issue
^
'
-U—
1942
$3,180,644
1941
$3,124,078
will
amount
4}'
National
the
2,158,710
Net
operating
—
—
$666,926
the
notice
:
—_
269,257
Feb.
of
at
14,
at
See
Feb.
shall
17
on
Feb.
17
settlement'
in
17
shall
payable
dividend
the
carry
after
or
$397,668
3,623
67,726
facility rents
Net
$326,319
Dividend
Other
income
income
Total
income
____
—2,264
_
—
-
119,093
___
from
deductions
available
Income
for fixed
roads and
for leased
last
•
Feb.
of
Oct.
1
1,
155,
5,950
and
share
per
Feb.
record
Dec.
27.
year.—V.
direct
267,319
annual
meeting,
$371,743
24,
will
the
of
75
of
dividend
regular' quarterly
cents
25
communication
Zealand, it
the
where
be asked
amendments to the company's articles of incorpo¬
would remove many of the restrictions that
have hampered normal corporate action, the company states.
The proposed amendments would allow the board of directors to issue
lit its discretion such first and second preferred shares of the corpo¬
ration which were authorized but unissued under the plan of reorgan¬
has
the
on
been
handled
messages
becomes
by
other
countries.
51st
The
Cir¬
direct
to
United
the
New
circuit
circuit
station
Government
at
States
the
The
required for amendments to charter affecting, stockholders' rights from80 (a .to a majority, eliminate the requirement that stockholders' approval
creation
for
obtained
be
of
and permit the company with
(Including
Domestic
Calendar Years—
•Net
././/••
income
6,000-mile
•After
of M. E. Carlisle as General Purchasing
succeeding J. A. Bechtel, was announced on Feb. 23 by R. L.
830.
p.
be
will
President.
in the purchasing department included tl?e appoint¬
ment of Homer M. Hoffman as Purchasing Agent, glass division, and
E. J. Peters as Purchasing Agent, paint division.—V. 155, p. 266.
Steel Co.—Extends Exchange Privilege to
Pittsburgh
May 29—
i
have
directors
The
'
,
extended
to
the
close
;
.
of business May
29
the
of
the exchange
privilege offered to holders of the
preferred stock, which was to expire on Feb. 28.
exchange offer provides that each holder of the Class B pre¬
may exchange one
share for four-tenths of a share of prior
The
ferred
for
St<Atf
the
and one share of Class A 5%
preferred
the directors took appropriate action to make
paid Dec. 19, last, and also the dividend of
March 2, on the prior preferred stock available to
Class B holders who exchange their shares.
/
the
time
same
be
to
$2.75,
of
dividend
$2.75
the
series 5Vz %,
•Listing—,
The
Federal
post-war
"::V%
Subsidiaries)
income
adjustments
'
^1941
and
and
1940
$2,053,037
$1,696,926
$3.27
profits
taxes,
has authorized the listing of
series B, 4Va%, due 1950, all of which
155, p. 606.
contingencies.—V.
other
Month Ended Jan. 31—
Total
1942
regular
the
to the usual quarterly
1495).—V. 154, p. 1632.
addition
in
last,
V.
declared
154,
p.
Port
quarterly
dividend
of
30
San Luis
payment of 30
cents
: .
.
/ £
The ICC on Feb. 7 authorized the purchase and operation by the
company of the properties of the Pacific Coast Railway and granted
the
company authority to
issue not exceeding $30,000 of common
stock (par $100), such stock to be delivered to the persons indicated
In the report in the proportions shown therein, in satisfaction of cash
advances of like amounts made by them to enable the company to
purchase and rehabilitate the properties now owned by the Pacific
Coast Railway and for working capital.
»,The report of the Commission says in part:
The
an
applicant
authorized
purpose
was
V.
common
stock
of
in California July 31, 1941, with
10,000 shares (par $100) for the
of acquiring and operating
capital stock of the
the properties in question.
Pacific Coast is owned by
the
Pacific Coast Co.
The former's line of railroad extends from San Luis
Obispo to Port San Luis, approximately 12 miles, in San Luis Obispo
County, Calif.
The line is a narrow-gage railroad.
At San Luis
Obispo it extends into the yards of the Southern Pacific Co., but the
difference in gage prevents interchange of cars.
However, freight is
interchanged between narrow and broad-gage cars, usually across a
platform. The section of line from Avila, a village of about 500 in¬
habitants, to the port, approximately 2 miles, is not in useable con¬
The
entire
the
the
M.
company,
share
record
its
who
inception,
Treasurer.—V. 155,
been
has
caused by the
has been
vacancy
Harrington,
since
company
has
been
366.
p.
(& Subs.)—Earnings—
Consolidated)
1942
1941
$2,864,200
I
$1,820,492
613,086
456,464
—
profits tax
par
155,
Joint
facility
Net
639,915
55.
p.
p.
Ry.—Carloadings—
Feb.
June
16,068
Yards Co.—37 V2-Cent Dividend
paid
31
Jan.
made
were
each;
cents
37l/a
17,339
dividend of
a
stock to holders of record Jan.
common
30,
Feb; 14,'42 Feb. 22/41
,
on
company
the
21,"'42
16,167
Distributions
4,048
,1
:
St. Paul Union Stock
175,977
29,568
(debit).
$949,892
$1,012,873
during
July
1941
26,
as
$7.50
37'/2
cents
out
50 cents.—V. 154, p. 964.
per
share
28.
follows:
of
March
paid-in
31
surplus,
and
and
-
•
Safety Car Heating & Lighting Co.—$1 Dividend—
Reliance Electric & Engineering Co.—Preferred Stock
shares of $5 cumulative
of $1
dividend
share
1
the
also made.—V,
was
to
holders of
record
March
16.
paid on April 1, July 1, Oct. 1 and Dec. 23,
last-mentioned date an extra distribution of
was
on
_
share has been declared on the common stock,
per
April
payable
$50,
par
amount
y
Offered—An issue of 7,500
declared on the common
holders of record March 5.
This
10, 1937; none since.—-'
to
160-
155, p. 830.
and
vertible
25
$1,192,898
103,228
(debit)
railway operating income...
155,
share has been
per
March
loaded
The
A
—V.
cents
payable
Week Ended—
$1,832,813
782,500
rents—net
25
of
$1,
with five cents per share paid on Nov.
St. Louis-San Francisco
4,728,045
153,
p.
A similar
last year,
$1.50
per
252.
con¬
Saguenay Power Co., Ltd.—Bonds Called—
preferred (no par) was offered Feb. 17 at 98 and
Hayden, Miller & Co. headed the underwriting group
which included Hawley, Shepard & Co., Otis & Co., May-
first mortgage 4J/t% sinking fund bonds, series
1936, have been called for redemption as of April 1,
total of $67,000 of
A
dividend.
dated April 1,
B.
Payment will be made at the National Trust
co-trustee, Montreal, Canada.—V. 154, p. 870.
1942, at 104 and interest.
Ltd.,
Co.,
nard H. Murch &
Co., Merrill, Turben & Co. and Curtiss,
House & Co., all of Cleveland.
of
Proceeds
Company,
the
issue
organized
beiused
will
additional
manufactures
1907,
in
for
working
electric
capital.
motors,
155. p. 607.
gener¬
Schering Corp. of Bloomfield, N/J.—New Vice-Pres.
has been elected Vice-President and director of
and will be in charge of financial operations. Mr.
a Vice-Fresident of the Investment
banking firm
of Schroder Rockefeller & Co., Inc., of New York.
,
The
Schering
Corp.
manufactures pharmaceutical products
and
specializes in research and development of new medical products in¬
cluding anti-shock and sex hormones, and sulfanilamide compounds.
Gerald
this
E.
Donovan
corporation,
has
Donovan
been
..
Reliable
Corp.—1941 Net Up—
Stores
,
(Including subsidiaries, but excluding Frank Corp.'s share of earnings)
1941
tNet
1940
$13,101,640 $10,763,534
sales
•Consolidated
profit
Earnings
per
common
$1.75
making provision for Federal income and excess profits
tAfter provision for Federal income and excess profits taxes.
Note—Provision for Federal income and excess profits taxes totaled
1941, compared with only $287,958 for
approximately 3007o,—V. 154, p. 1702.
is expanding its research
are essential to
basic research work
1940, an increase
•'''./-'.i/''
•
which
national
and production of medicinal
health and defense needs.
carried out under the direction of
Dr. Erwin Schwenk, internationally known chemist, will be continued
in collaboration with the National Research Council.
New and vitally
•Before
$1,150,769 for
company
686,791
taxes,
of
The
978,642
1,917,088
759,416
$2.05
_____
£
share
profit
statement says:
authorized
An
products
.
incorporated
the
for
fill
to
Guy
(Foreign Subsidiaries-Not
dividend
stock,
$6,560,858
5,124,787
accruals-
tax
Equipment rents—net
(see
Transportation Co.—Purchase, Opera¬
tion, and Stock—
Counsel
directors
with
cents per
holders of
to
1416).
General
of
of 25
payable March 10
p.
Campbell.
P.
E.
■•
compares
1941
$6,989,975
railway operating revenues_/£__..____;
Z:
Net
share on the common stock, payable March 31 to holders
March 10.
A Vk% stock dividend was paid on Dec. 23,
per
record
of
have
directors
The
cents
2,
177,656
155,
Calendar Years—
Plymouth Oil Co.—30-Cent Dividend—
June
3,
$1,186,372
$3.93
and
excess
Exchange
Stock
March
on
$2.70
ators, motor-generator sets, mine motors, etc.—V.
-
York
New
issue
$1,281,629
•Earnings per common share______
$4.28
•After allowing for preferred dividend.—V. 155, p. 160.
Reading Co.—Earnings—
paid
$2,000,000 first, mortgage bonds,
are
issued and outstanding.—V.
this
on
profit after Fed. inc. and exc. profits tax
Cars
7%
preferred, first
account
payable'
969,485
—V.
>
termination
Class B
board
of
excess
Net
155,
$1,082,688
'
Nottbusch,
the
j
Oct. 29,
changes
Other
-
.
initial dividend
an
$1,
par
Federal
operated
.
Railway
Agent,
Clause,
stock,
Federal
with
$1,865,188
appointment
stock,
preferred
17.
made
were
of $1.25 per share on
cumulative
Feb.
after depreciation
income tax (normal)
A
stock______u___
common
depreciation,
provision
..
Co.—Appointments—
Pittsburgh Plate Glass
dividend
a
5%
record
Corp.—Initial Dividend—New Director,
associated
"
on
The
of
Six Months Ended Jan. 31—
circuit,
Administration.—V.
_____________
Earnings per share of
approval of two-thirds of board to
at not more than fair market value,
exceed face value.—V. 154, p. 1057.
year,
15,
.
(The) Ryan Aeronautical Co.—Dividend Resumed—
indebtedness maturing in more than one
acquire indebtedness of a subsidiary
even though fair market value may
-£/y:
Net profit
New
communication
Wellington
Telegraph
to
Australia, from
Delays caused by
new
direct
"■
the
28.;
and Dec.
16
June
on
3100.
p.
Royal Typewriter Co., Inc.
■;
this country
Raybestos-Manhattan, Inc.—Earnings—
if approved,
obtaining further stockholder approval.
Affected by
change are 1,055 first preferred and 5,822 second preferred shares.
amendments also would reduce percentage of stockholders' approval
H.
to
actively
to
Zealand.
for
per
698.
p.
without
ization,
151,
(see offering in V. 154,
resignation
Feb. 21.
from
eliminated by the
terminal
Zealand
New
on
RCA's
RCA
between
established
traffic
relayed
were
the
been
cents
1, last year, making total paid in 1941 $6.25
against $2.50 in 1940.—V. 154, p. 696.
common,
Feb. 23
to vote on a series of
ration .which,
V.
the
on
Aircraft
Frank
announced
was
radiotelegraph
necessity of relay will be
the
3664;
p.
made
cents each were
The directors have declared
16 to holders of
15
share was paid on Sept.
per
12Vu
EtC.—
stock, payable March
common
extra
of
dividend
extra
an
elected Secretary and Assistant
has
Zealand
the
March
declared
the
''v1
15 and Dec.
as
1495.
p.
Corp. of America—Opens Radiotelegraph
radio
and New
by
their
154,
declared
distributions
share,
per
strengthening the radio life-line of communication between
the United States and Australasia, a new direct radiotelegraph circuit
has
been
opened by R. C.
A. Communications,
Inc., linking San
Francisco with Wellington, New Zealand.
This is the first time that
,
at
last year.—V.
24,
was
152,
holders
Sept. 2, Oct.
Further
Philadelphia Dairy Products Co.—To Vote on Amend¬
stockholders
amount
to
28
Similar
per share on the
holders of record
made
on
April 1,
to
have
accumulations
Feb.
cuit Between United States and New Zealand—
$646,583
7,521
$162,969
have
on
An
which
The
like
1
•
Corp.
The directors have declared
cents
50
Case
Merges
Case
.
regular quarterly dividend of 25 cents per share on
stock, both payable March 14 to holders of record Feb.
elected
■
,
ments—
of
of
April
Watch
Rockwood & Co.—:Accumulated Dividend—
r
15, last.—V. 155, p. 830.
Radio
5,205
$441,725
—
507.
p.
and Dec.
directors
The
cents
110,818
income—
charges——
income
Net
—V.
distribution
payable
^of
dividends
quarterly
the
Rolir
Previously,
'■•/
dividend
a
value,
par
,
(
24,
contracts
Pullman, Inc.—Dividend of 25 Cents—
$651,788
equipment—.
7,541
———271,215
Interest on debt
A
4,198
$447,676
,
income
Miscellaneous
Rent
i;
.
.—
:
14.
no
.
regular
Co.—Keystone
Extra distributions of 25
$536,773
_______
(net)
operating
railway
March
$676,884
81,626
58,486
Operating income
Equipment rents (net)
Joint
have declared
stock,
and
common
due bills."
carry
directors
share
transactions
contract,
the
(II. H.) Robertson & Co,—Extra Distribution—
The
,
noon.
.
of
Metal
Keystone Watch
of
dividend,
time
.share.
per
5 V* %
Subsidiary and Adopts New Name— *"'*
special
a
...
the
$33.25
declared
;
o'clock
12
to
also
preferred and $1.75 on the 1% pre-1
stock, both payable May
1 to holders of record April
10.
payments were made on Feb. 2, last.—V. 155, p. 403.
Riverside
'
'
company,
Feb.
this
18.
at
before Feb.
or
The directors
common
288,483
-
'■
Brass, Inc.—Reduces Accumulations
yV;.per 6hare-on the
Similar
dividend of $10 per share, pay¬
on
reduced
directors
ferred
$965,367
-
revenue
Railway tax- accruals
be offered
be
Association
announces:
that
a
record
specified
made
on
July
operating expenses
warrants may
-v
be
will
The
$1.31
Pratt & Lambert, Inc.—50-Cent Dividend—
2,513,718
"
revenues
by such
public offering,
such
declared a dividend of $5.25 per share on the
5'A'/o.
cumulative preferred stock,
clearing up all accruals on this,
issue,; and. a dividend of $7 per share on the 1% cumulative pre^
ferred stock on account of accumulations on that issue, both pay¬
able April 1 to holders of record March' 10.
Accruals on the latter
of
.
stock covered
details of
public;
The. directors have
..
the. sale
\
remaining
"
'
,
District No.
Practice
Dealers,
have
"We
a
stock,
option
underwriter.'
sole
as
shares
Revere Copper &
than
transactions in
this stock between members in District No. 13 shall be 'ex' this dividend
construction
named
are
the
for
drills.'
twist
Portuguese-American Tin Co.—Dividend Ruling—
The
able
According to
„
time,
the
lower
included
not
-
Pepperell Mfg. Co.—Plans Laboratory—
Co.
common
par
preferred
the
if any, will be supplied
Proceeds will be used to purchase machinery and
equipment, and for .working capital.
'
'
•;
.Company is engaged in the. manufacture and sale of a variety of
right/title, and interest '
described, which; with the ex-I
property
rehabilitation
working capital.
meeting held Feb.
155,
&
of
reserved
amendment.
by
to
used
Securities
1
Rogers
of common
shares
the
to
the
all
properties
The-; noncarrier
Coast.
There
.
Coast
addition
used
the common stock,
similar distribu-.
15,
involves
sale
transferred to the holding «oiripaqy:.
be
In
;'
A
and Oct.
,
The
Pacific
the
would
1941, the following payments
15, 50 cents; Feb. 15, special
75 cents each;
warrants,
requesting authority to issue the stock to purchase
the railroad properties described, the applicant requests authority to
issue
the stock
in the
amount of $12,735 for working capital.
At',,
the
hearing it developed that approximately $7,500 of this amount
,
on
Peoples Gas Light & Coke Co.—$1 Dividend—
:
locomotives, 3 tank cars, 17 gondolas, 15
tool cars,.,! pile driver, 2 cabooses, and 1
baggage car,all described ks in fairly
stock
common
be
may
additional
ception of certain small parcels of nonoperating property not included
therein, constitutes the last step in disposing of the. assets of the
will
■
2
2
125,000 shares $1
conversion
upon
par
of preferred stock will be offered to the public at
provision is made/however, that the initial offering'
reduced to net less than $4 per share.
The option
above mentioned, are to be issued to the underwriter as
compensation.
If the underwriter exercises ihe warrants,
125,000
the
;
$1
Craigmyle,
stock;
common
issuance
per, share;
price
and
is based on the salvage value of
was
entered into," which
prices.
Pacific
directors have declared a dividend
common
stocjc, par $50, payable March 14
$5
The sale price of the railroad, equipment, and appur¬
including tools and miscellaneous property, aggregates $17,,-.
and
of
the
to holders of record Feb.27.
Dividends paid during 1941 were as follows: March 15, $2; June
13, $2.25; Sept. 15, $1.75, and Dec. 15, $2 (compare V. 154, p. 1495).—
V. 155, ■ p.
159.; //;///;;.,/
///'^
The
of
cars,
agreement
present
p-
Pennsylvania, Salt Mfg. Co.—$2 Dividend— "
;
The
been disposing,
remainder of
the
par
for
shares
warrants.
gasoline loco¬
a
62,500
shape.
tenances,
the
shares (no par).
tRepresented by 21,493.
"Represents
certificates for
funds in .closed or:
and notes receivable from former fiscal agents—
420,848
par).
963.
box
passenger
265,
$48,578,765 $49,087,495
by
reorganized banks
p.
-
Upon disposition of
properties.
consists
15
cars.,
combination
4,346,803
4,812,280
i:■
*
v
■
■
/
,* tRepresented
V.,,154,
_/_____
—/—___
-»•*•'* •' 'yy-• v,; %:■'***•
—
68,284
Coast
stock
rolling
flat
11,557
152,-434'
9,679
-f
of power heavier than
The holding company over a period,of years has
Pacific
its
for operation
and
and the Pacific Coast, under which a cash consideration of
$13,515 is given as the sale price of the properties, except rolling
stock for which the sale price is a cash consideration of $3,750.- The
1,245,322
on
unsafe
is
reserved
stock,
applicant
312,560
premium
secured
Earned
931,418
•
62,500 shares of $1
foundations,
properties the Pacific Coast will be dissolved and its stock canceled.';
The purchase and sale will be consummated pursuant to the provisions of a contract, dated Oct. 31, 1941, entered into between the.,
6,440,271
Reserve,for retirement annuities••
-
supporting
the
the
28,390
737,083
6,829,402
it
motive.
of
456,714
-
20,260
accrued
Depreciation
Reserve
•
that
117,882
- 4,885
1
456,714
undermined
having
seas
causing the tracks to sag and remain without support for rolling stock.
The remainder of the line can be used, but it is in such poor condition
2,130,895
21,657,000
3trust bonds
high
dition,
..
2,130,895
Matured interest
Taxes
i.
$10,868,312 $10,868,312
stock
Refunding and collateral
Accounts
','4
:
,
stock
tCommon
925
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4051
;
of
Some
the
discoveries
important
to
available
near
the
made
medical
in
the Schering
profession
and
laboratories should
for
military
needs
in
be
the
future.
The
suspension
ecutives
who
on
had
in
Jan. 29 by the Treasury Department of all ex¬
past years been associated with the Schering
Germany was for the purpose of eliminating
Schering Corp. in absolute American
them to exchange pharmaceutical secrets
on vital drugs with the U. S. Government.
Following Mr. Donovan's election, the present officers are:
Dr.
Gregory Stragnell, Executive rVice-President; Gerald E. Donovan, VicePresident; Dr. Edward Henderson, Secretary; and C. F. Eurich, Treas.
The directors include Dr. Stragnell, Mr. Donovan, Dr. Henderson,
J. W. H. Randall and E. H. Meili.
•
"
r: Other changes in the management are* John H.
Culbertson, in charge
of development engineering and production; F. O. Robbins, in charge
of sales; John A. Olsen, Controller; and John Byrne, in charge of the
legal division. These organization changes have been made with the
guidance of the Treasury Department.
pharmaceutical firm in
Remington Rand, Inc.—20-Cent Year-End Dividend—
A
dividend of 20 cents per share has been declared on
the common stock, payable April 1 to holders of record March 10,
On Jan. 2, last, an interim dividend of 25 cents per share was paid,
as
P-
year-end
'compared with 20 cents
share in preceding quarters.—V. 155,
V ;
;
per
542.
.
all
former
control.
ties
This
and
will
putting the
enable
.
Republic Aviation Corp.—Assistant To President—
Alfred
Marchev, of Chicago,
Assistant
to
President,
chief
engineer,
works
Strapping Co.—V. 155,
To
this
take
manager
p.
industrial executive, has been' -made
an
of
President
the
announced.
corporation,
Ralph
S.
Damon,
the post, Mr, Marchev- resigned as
and director of the Signode Steel
160,
Schumacher Wall Board Corp.—Earnings-
Republic Drill & Tool Co., Chic.—Registers with SEC
The
Form
company
Al)
convertible
with
on
Feb. 24 filed
the
preferred
SEC
for:
stock,
registration statement (No. 2-4950,
125,000 shares of 55-cent cumulative
$1
a
par;
option
warrants
to
purchase
period Ended Jan. 31—
•Net
profit
•After
1942—3 Mos.—1941
$73,419
1942—9 Mos.—1941
$220,800
$182,393
including provision for Federal income
tax.—V. 155, p. 403.
deducting all charges,
and estimated excess profits
$74,778
'&&Aiw£mih «*.«..
THE COMMERCIAL & FINANCIAL CHRONICLE
926
Monday, March 2, 1942
4-
trial
production and other business activities under the impetus of the
program;
enlargement of the forces and facilities of the
and Navy; and the diversion to other services of a number ofsteamships from coastal and intercoastal routes which had carried a
substantial tonnage of freight in competition with the railroads.
A decrease in water line revenues, principally due to requisition by
the United States of the company's ocean steamships, was offset by
Scranton Lace Co.—25-Cent Dividend—
directors
The
have
Distributions
V.
30
154,
1271.
p.
Stock Distributed—Rogers & Tracy,
—
in
Freight
The
Inc., Chicago, announced the distribution of 5,000 shares
of the Class "B" stock (par $1) of the corporation, which
is listed on the Chicago Stock Exchange, to members of.
the National Association of
Securities Dealers
at 5
less %.
'■<
,
v-
Sales
1
___
1940
and Galveston, were discontinued upon completion
1941, of 10 freight steamships to the United States.
and New York was discontinued in March,
and pier
Animals
and
of
39,909
% \
7,000,513
770,613
12.37
pared
18,892,424
Mines__
6,532,547
52.85
interest
to $1^253,658 for 1941, qpd $1,308,318 for
-Vwv:.;;:
Progress on the program for improvement of the company's operating
results included additional substitutions of bus routes for rail pas¬
senger service; disposition of certain urban auto bus operations by sale
of the franchises;- abandonment
of 45.72 miles of rail lines; and
34,273,981
8,996,284
30,321,098
The net deficit of
35.59
miscellaneous--- 112,595,637
and
not included in its income.
13.24
products
Manufactures
steamship
freight
and
passenger
Separately Operated Solely Controlled Affiliated
Companies
i
The net deficit of the separately operated solely controlled affiliated
companies operating--,in the United States, shown in the income account,
excludes interest of $2,499,123 accrued by Pacific Electric and North¬
western Pacific on bonds of those companies owned by company but
rentals.
Increase
the
of
$6,749,503
agriculture—_________ $57,708,665
of
sale
with
"Dixie';' to the United States Navy, as mentioned in last'year's report,
freight steamships which had been, operated
in that service were sold to the Pan Atlantic Steamship Corp.
36.85
interest
by
owned
company,
amounting
1940.
'
for 1941 was $1,663,835, com¬
The deficits include
Pacific Electric Ry.
a net deficit of $2,543,120 for 1940.
accrued on bonds of the Pacific Electric
with
such
$1,502,188
224,593
taxes,
Revenues
>.
■
„
:
$2,696,195
■
expenses,
coincident
1941,
largest in the history of the company.-,
by commodity groups, and the increases
the
revenues
Products of forests——
'
1941
'
operating
were
these
■'
Products
Months Ended Dec. 31
Six
of
Products
*
line
water
revenues
source
delivery in July,
and in the same month two
compared with 1940, are shown in the following tabulation:
.V:' vi'!'
Earnings,
Houston
Service between New Orleans
decreases
Corp.
of
of
Army
the
on
and Sept.
Serrick
ports
armament
cents per share
dividend of 25
a
payable March 31 to holders of record March 12.
during 1941 were as follows:
March 31, 25 cents;
30, 50 cents each, and Dec. 15, a year-end of $1.—
stock,
common
June
declared
■■
.y.vv:;-
.
Net
profit
(after est.
for all charges)
prov.
Earnings per share—
"
.
"A"
common
common
stock
•
Assets—•
1941
Balance Sheet, Dec. 31,
•;
.
'
$4.64
•
;:<v
;
^
$1-43
*
$0.82
$0.13
"
;
and
Inventories
Prepaid
Real
;V
(net)_J.
receivable
notes
(net)
(less
equipment—Cost
and
$723,018)
559,552
$123,116
77,871
341,900
contractual obligat'ns
income tax and
for Federal
Provision
Reserves
increase
—_—__:—
Class
A
common
stock__
Class
B
common
stock
Capital
1
155, p. 830.
,
.
,,
.
share on the
directors have declared a dividend of 25 cents per
The
,
^
Dividend—
Sharon Steel Corp.—25-Cent
payable March 26 to holders of record March 14.
A
been paid each quarter since and including Dec. 23,
The previous distribution on this issue was 30 cents on Dec. 21,
stock,
common
amount
1940.
1937.—V.
has
154,
1531.
p.
■Vv/'-i
,
Joseph
F.
to
director
the
155,
Sales Manager, has been elected a
Tuthill, one of the founders of the
General
Twomey,
succeed
company.—V.
late
S.
H.
269,
p.
?.:•'■
•;
declared
directors have
The
dividend of $1
a
share on the com¬
per
Distributions
stock, payable March 2 to holders of record Feb. 19.
March 3 and June 2, $1 each, and
Sept. 2 and Dec. 1, $2 each.—V. 153, p. 1287.
- - ,
made
were
(H.) Simon & Sons Ltd.—Extra Distribution—
directors
The
declared an
have
cents per share
dividend of 15
extra
quarterly dividend of 15 cents per share on
the outstanding 30,050 shares of common stock, no par value, payable
March 28 to holders of record March 13.
No extra payment was
in
addition
made
to
this
on
the
usual
issue
in
151,
141,—V,
2205.
p.
Corp.—50-Cent Year-End Dividend—
Snider Packing
directors
the
declared
have
of
dividend
quarterly
regular
25
the capital stock, payable March 14, and a year-;,
end dividend of 50 cents per share, payable March 24, both to hold¬
ers of record March 4.
From Dec. 14, 1940, to and including Dec. 15,
cents
share
per
1941,
on
distributions of
quarterly
extras.—V.
no
of
152, p. 3985.
to
Gross
Operating
$983,369
283,341
234,593
$1,084,204
$241,569
78,992
62,609
334,450
64,933
62,196
258,945
expenses
.
greater density of traffic, the gross ton-miles of freight moved per
hour decreased
1.77%
from the high record of the previous
of revenue
23.76% in
freight train-miles, due to the heavier average loading of freight trains' 1
freight
during the year.
...
railway operations for
from
?-
■
.
tax accruals took 22.85
Taxes—Railway
capital stock of Southern Pacific o.
by classes of taxes are as follows:
share of
the outstanding
Federal
Other
Federal
State,
county
taxes.
miscellaneous
and
city
and
The
2,115,057.
—
11,274,503
taxes
$123,375
$116,764
$490,809
113,966
467,659
457,559
Total
$465,435
116,540
Net earnings
Interest, depreciation &
The substantial increase in
dividends
due
Surplus
$2,798
$6,835
155,
$7,876
$23,150
308.
p.
Federal
provision for
to
in
increases
—V.
$21,428,925
-
retirement
and
taxes,
compared with 1940, is principally'
taxes on income and capital stock, and
unemployment insurance taxes resulting
employment of larger forces during the year and wage increases
effctive Spt. 1, 1941.
■
charges for equipment rents increased mainly because
larger number of freight cars of other; companies moving over
from
awarded employees
.
Rents—Net
Southern
Colorado
A dividend of
stock,
par
dividend
A
Power
is
on
similar
Co.—Accumulated Div.—
has been declared
1%
account
cumulative preferred
the 7%
on
This
14 to holders of record Feb. 28.
$100, payable March
accumulations.
of
distribution
was
made
in
quarters.—V.
preceding
155,
830.
p.
of
a
company's lines as
deductions
fluctuations
account
$10,
of
have
accumulations
payable
distribution
April
was
Dec.
15,
last
paid
in
dividend
a
of
cents
50
per
share
on
the
to
on
1
made
$6 cumulative preferred A stock, par
holders of
record
March
20.
A similar
this
on
issue
April
on
1,
1,
July
Oct.
and
1
1940.
Accruals
on
the
share.—V.
per
making
year,
$6
154,
a
total
preferred
1007,
p.
A
of
$2
stock
for
at
1941,
Jan.
2,
as
against
1942,
$1.25
$17.75
were
965.
Southwestern Public Service Co.—To Merge Com¬
munity Power & Light Co. and General Public Utilities
Co.—To
Sell
$32,000,000 Bonds and Stocks—See Com¬
munity Power & Light Co.—V. 152, p. 3987.
(A. G.) Spalding & Bros., Inc.—Initial Dividend—
The
on
to
directors
have
declared
the $1.50 cum. first
holders
of record
an
initial
preferred stock,
March
7.—V.
dividend
no par
of
$1.50
per
share
value, payable March 16
155, p. 269.
Sparks-Withington Co. (& Subs.)—Earnings—
1941
6 Mos. End. Dec. 31—
♦Net
1940
1939
1938
$295,680
profit
$5,812
*$11,234
*$161,239
$0.31
Nil
Nil
Nil
♦After charges and provision for XJ. S. and Canadian income taxes.
tOn 900,674 shares of common stock.
tLoss—V. 154, p. 452.
fEarnings
per
had
share
to
Pacific Co.- -Annual Report—A. T. Mercier
President, states:
Southern
Pacific
Transportation
System
'
total railway operating revenues compared
with 1940, reflects the effect on rail traffic of the increase in indusRevenues—The
gain
in
a
Express
in
1940
1940;
decrease
Co.;
'
The
results
other than
by
a
net
The principal in¬
dividends received
decrease of $99,999 compared with
the Reward Oil Co., which was dis¬
the
result,
an
increase of $164,359 in dividends
The decrease in miscellaneous
mainly, of release of various piers which
in connection
with steamship operations.
Charges—The decrease in total fixed charges was principally
a net
decrease in the amount of funded debt outstanding in
the hands of the
public and repayment of short term loans, during the
income
Dec.
13,
1941,
company
questing the Interstate Commerce
traffic.
Truck
Services—Motor
operations
were
1940.
Steamships—The steamship operations which had been conducted by
your
of
Mexico
Pacific
;■■.
excluded
are
from
Transportation
System
controlled affiliated companies for 1941,
as that company is being required to conduct its operations entirely
within its own resources.
'';V;;V--<y ■" - vyy?;v.:;-
.
Southern
The
Pacific
of
RR.
Mexico
had
deficit
net
a
for
1941
of
$239,200, including a charge of $618,958 for amortization of investment
in
which is subject eventually to reversion to the Mexican
Government.
Excluding such charge, operations for 1941 produced a
property
net
of
income
?
improvement of $358,616 compared with:
in revenues brought about by export
shipments, particularly perishables, and generally better business con¬
ditions throughout Mexico.
1940, mainly
$379,757,
r:.;-'
In
an
-
due to an increase
the matter of
/-'.-'V
Other Companies
-
reorganization of St.
Louis Southwestern Railway,
the Interstate Commerce Commission on June 30, 1S41, approved a plan'
of reorganization providing for a total capitalization of $75,000,375, of
which $21,900,884 would be allocated to Southern Pacific Co.
•
Petitions
several
tions
Gate
for
parties
modification
the
of
Commission's plan were filed by;
The Commission now has the peti¬
to the proceeding.
advisement.
under
made in last year's report that Southern Pacific Golden
Ltd., had bean adjudicated a bankrupt.' Company owns
Paciiic Golden Gate Ferries, c-td., bonds. There
was
Ferrei3,
$592,000 of Southern
is
uncertainty
when
for
as to
what, if any, final value will attach to these bonds
liquidation of
some
ment
the ferry
pending, the
litigation
in
time.
company
outcome
is completed because of ex-of which will not be known
as valueless its Invest¬
Your company has written off
slightly
over
50%
of
the
capital stocks of Southern
Pacific
Golden
Gate Co., a holding company..
This holding company owned
all the capital stock of Southern Pacific Golden Gate Ferries, Ltd., and
has written this stock off as valueless,
Additions and Betterments—Charges to Investment in transportation
property of Southern Pacific Transportation System aggregated $34,368,489.
Additions
and betterments to
rolling stock amounted to
$23,315,797,
1.940.
:
an
increase
of
$17,705,237;
and
all
other
additions
increased $3,884,692;
totaling $11,052,692,
and
compared with
-
Funded Debt and Bank Loans—There was a net decrease, during
1941, of $24,683,463 in funded debt held by the public and short-term
bank loans of Southern Pacific Transportation System.
The
$19,800,000
of
loans
due
the
Reconstruction
Finance
Corp.
at
Dec.
31, 1940, had been reduced to $7,000,000 on July 22, 1941; and
the $20,000,000 of short-term bank loans carried in the account "loans
and bills payable" at Dec. 31, 1940, had been reduced to $13,000,000 on
June
16, 1941,
On
Oct.
1, 1941, the company issued $20,000,000 of new serial bank
over a period of four years in equal quarterly install¬
$1,250,000 beginning Jan. lt 1942, bearing interest at rates
ranging from 2% to 3(4% per annum, depending upon maturity, and
loans
maturing
ments
of
the
of
RFC
serial
bank loans
used
The proceeds
to
repay the balance of $7,000,000
and the balance of $13,000,000 of
3%% bank loans which were due Nov. 1, 1941.
On Oct. 31, 1941, a payment of $5,000,000
was made on the new
serial bank loans,
reducing the amount outstanding to $15,000,000.
Other funded debt held by the public was retired, during the year, in
the principal amount of $14,508,463, consisting, ; r .c pally, of bonds
and equipment trusts matured, and bonds purchased for use in satis¬
faction of sinking fund provisions of mortgages or purchased and held
alive within the system or by solely controlled affiliated companies.
In
4%
were
loan, due May
1,
1945,
addition to issuance of the new serial bank loans for the. purposes
mentioned,
an equipment trust, known as "Southern Pacific Co. equip¬
trust, series R." was created to provide for the construction and
acquisition of certain new rolling stock for deliver- in 1941 and 1942,
and $14,625,000 of 2(4%' equipment trust certific* »'
was issued.
The
ment
certificates
2,
1941;
from
are
and
1942
to
guaranteed
mature in
by
Southern
amounts of
Pacific
$975,000 on
Co.;
.
are
1
v.e
dated
of
June
each year
1956, both inclusive.
General
During the past year the transportation system
ui separately oper¬
ated solely controlled companies operating in U:.
United States ex¬
pended $33,588,000 (excluding non-cash items) for additions,, including
equipment,
and for improvements to their several properties.
In
addition, there was expended $5,000,000 in redu
m
of bank ioans
$19,800,000 in payment of the balance owing on loans from the RFC
and $18,957,000 for the retirement of other debt,
principally bonds'
trusts, and conditional sale contract payments that had
and for bonds purchased for use in sa'.i faction of sinking
provisions of mortgages or purchased and held alive within the
equipment
truck services coordinated with rail
further extended during the year.
At Dec.(
31, 1941, over-the-highway trucking services provided by companies
solely controlled by company- were in operation on 11,194.8 miles of
roads, compared with 9,639.4 miles of sueh operations at the end of
freight
RR.
South.ern
and separately operated solely
of
joined other railroads in re¬
Commission to authorize a uniform
increase
of 10%
in passenger fares, freight rates and accessorial
charges
with
certain
exceptions,
to provide additional
revenues
necessary
to meet in part increases in operating / expenses due to
higher wage rates, increased cost of material and supplies, and the
added cost of safeguarding railroad properties and operations during
continuance of the war.
The request for authority to increase inter¬
state passenger fares, except special fares for soldiers and sailors on
furlough and extra fares applicable to certain trains, was granted
Jan. 21, 1942, and the increase was made effective Feb.
10, 1942.
Intrastate fares were increased correspondingly in
Oregon, Arizona,
and New Mexico, on Feb. 10; and in California, with the additional
exception of commutation fares, on Feb. 11.
Decisions by the regu¬
latory commissions of other states are expected shortly.
Hearings on
the freight rate increase have been held by the Interstate Commerce
Commission and an early decision is anticipated.
As mentioned in last years report, filing of land grant claim releases
enabled company to apply full commercial charges for transportation
of persons and property for the United States-, except for military or
naval forces and property of the United States moving for military or
naval purposes.
Differences of opinion have arisen as to what con¬
stitutes military and naval property of the United States, such prop¬
erty not being defined in the statute.
Bills providing for amendment
of the statute have been introduced in Congress, which, if enacted,
will clarify the law with respect to charges applicable to Government
General—On
,-7'
Pacific
of
averaging over the four-year term slightly less than 3%.
"V
year.
Southern
of
consolidated
the
a
from
and
offset
Pacific Greyhound Lines.
was
been used
Motor
Southern
Fruit
December,
in
paid
Fixed
declared
were
received
rents
Southwest Natural Gas Co.—Accumulated Dividend—
directors
was
miscellaneous
Pacific
due
The
more
than
from income.
of $120,000 in
substantially
in
received from
1941
1942
$3,204,877 $25,229,016 $19,887,406
$4,246,091
net decrease in income from sources
operations
solved
—Jan. 1 to Feb. 14
1941
1942
.
earnings (est.)—
—V. 155, p. 830.
Income—The
Other
dividends
Week Ended Feb. 14
Period—
in the volume of freight -
affected
and increases in operating costs of
under Mediation Board decision.
.
betterments,
decrease
from
Gross
of the increase
result
railway
come
Southern Ry.—Earnings—
a
traffic.
-
company's steam lines, mainly due to a substantial gain in freight
traffic volume, and high wage rates of employees from Sept. 1, 1941,-
tensive
'
'•
the
Mention
T $4,016,706
4,022,658
unemployment insurance taxes
retirement
(pension) taxes
Federal
-
cents of each dollar of net
1941, and are equivalent to $5.68
;y.\;'
•'
by discontinuance of ferry service;
However, an increase of 38.72%, in the net ton-miles
carried, was accompanied by an increase of only
accruals
1942—4 Mos.—1941
$267,301
earnings
Taxes
Co., Ltd.- -Earnings—
1942—Month—1941
due
company
for many years, between Atlantic
ports and
the Gulf
,,
Ferry
train
year.
revenue
Canada Power
Southern
in the average speed of freight trains,
decrease
a
.
offset by dismissal compensation payments to marine employees
charges in 1940.
thereafter, forces at all principal locomotive and
worked six days a week, and these forces were increased
result of
a
owns
and electric train interurban service between San Franciscopoints in Marin County, California, was discontinued on March 1,
1941, upon establishment of motor coach commutation
service by
Pacific Greyhound Lines.
The resulting decrease in interurban service
expenses, and a net increase in total operating revenues, were partly-
storms
progressively through the year, with the result that, despite increased
service required of all rolling stock, the general condition of equip¬
ment was improved, compared with the condition at the end of 1940.
In
addition to 20 new steam passenger locomotives-, and 40
new
diesel-electric switchers placed in service, it was necessary to effectreturn of 33 steam locomotives from service on affiliated lines; and,1;
:-in December, 1941, and the forepart of January, 1942, to borrow 17
steam locomotives from other railroads for use on the Pacific Lines.
Co.
and
and
February
shops
car
a
Period End. Jan. 31—
rain
Heavy
mortgages
Pacific
bonds owned„by company.
such operating
In
with
share were made,
cents per
25
time.
the
and
'
in the Coacheila and ImperiaF
August, and in New Mexico and
considerable damage to tracks.
Expenditures for repairs and protective improvements in 1941, due to
storm damage, amounted to approximately $1,602,006, of which about
$1,368,000 was charged to operating expenses, compared with $472,000
of
periods
As
The
-
Prolonged rainfall during the first three months of the year, along
California coast, and especially severe storms in the coastal area',;
between San Francisco and Los Angeles, caused extensive damage to
roadbed and
tracks, and interruption of through
traffic for short,
1941 as follows:
during
by holders who did not accept the
securing the bonds have been;
$3,751200 of the collateral trust
bonds, and $2,248,800 of such bonds are held by the public.
During the year, all the $26,000 Los Angeles Pacific Co. general
consolidated mortgage 5% bonds, due Jan. 2, 1946, were acquired; and
in January, 1942, this mortgage was satisfied.
•; Interurban Electric Railway had a net deficit for 1941
of $317,905,
compared with a net deficit of $661,426 for 1940.s With discontinuance
of service between San Francisco and Albany, Emeryville, and Berkeley
on July 26,
1941, Interurban Electric completed abandonment of all of
its operations under authority of Federal and State regulatory bodies.
Portions of the electric rail lines
of Southern Pacific Co., used by
Interurban Electric under trackage rights, and not required for freightservice operations, have been abandoned under authority of the ICC.
Northwestern Pacific RR. had a net deficit for 1941 of $1,573,161,
compared with a deficit of $1,763,338 for 1940; the results for bothyears including $1,245,465 of interest accrued on Northwestern Pacific
offer,
Southern
satisfied.
1940.
in
Ry.
payment of matured bonds, owned
company's
Valley areas of southern California, in
western Texas, in September, caused
Shepard-Niles Crane & Hoist Co.—$1 Dividend—
mon
.
locomotive fuel;1 more rail*
expenditures for repair of,
storm damage. A decrease in water line expenses, due to discontinuance
of steamship operations, partly offset the increase in rail line expenses.
The average number of employees was 67,423, an increase of 8,251,
or 13.94%, compared with 1940. V Payrolls comprised $127,092,603.26 of
total operating expenses, an increase of $23,771,507.08, or 23.01%, over
1940, including approximately $5,177,600 representing the cost' of the
wage award applicable to the last four months of the year.
V Approximately 352 track miles of new rail, principally 113-lb. and
132-lb. weight per yard, and 273 track miles of relayer rail of various,
weights, were laid in repairs and renewals; compared with approxi¬
mately 305 track miles of new rail and 304 track miles of relayer rail
laid
which matured July 1, 1941, and
first mortgage 5% bonds, due Jan.
Pacific Ry.,
Electric
.
the
Sheffield Farms Co., Inc.—New Director—
1
due,
services,
Pacific
of
1942. ■'<• Holders of these maturing bonds were offered the privilege
of surrendering their bonds and receiving in exchange 20%
in cash
and
80%
in
collateral trust bonds.
Provision has been made for
Act; higher
i, 1941, as the result of mediation under the Railway Labor
trust
Railway collateral trust bonds dated July 1, 1941, bearing,
5%, and maturing on Jan. 1, 1957, were issued with the
authority of the Interstate Commerce Commission.
The collateral trust
bonds
are
secured
by $24,544,000 of Pacific Electric Ry. refunding
at
1,
prices of material and supplies other than
laid in repairs and renewals; and larger
$1^697,460
Total
like
mainly
was
141,926
169,089
——
—-—
—
collateral
5%; bonds of California
increase in expenses was principally due to the
in volume of rail traffic.
Other causes of increases included,
of wage rate increases awarded employes retroactive to Sept.,,
cost
the
'
■
revenues
587,446
.
surplus
Earned surplus
^V.
operating
rail
of
mortgage 50-year 5% bonds, due Sept. 1, 1961.
The collateral trust
bonds were authorized to refinance, in part, $459,000 of first mortgage
:■
Expenses—The
242,085
______
—_—
other
all
in
increase
miles
39.54
of
track
single
to
Electric
$7,563,000
and. Pullman
track
for freight operations;1 The company purchased
and modernized 69 rail passenger cars.
■/;/■>■■< ,■
indenture was created and $6,000,000 of Pacific
modern buses,
'■interest
were
double
used principally
new
A
'-
,
in revenues from dining car, buffet car, and switching
car earnings.
to gains
14,027
:
46
,
shipments.
net
The
payable
revenues
express
government
Liabilities—
expenses
the
•'
< • 'V
larger, principally as the result of
increased traffic, much of the gain in express revenues being due to
and
from
conversion
..lines
ex¬
'
rpurposes, v
$1,697,460
Accrued
lines
However,
revenues
Passenger
Mail
Accounts
29.19
*v
••
rail
declined to 0.988 cents, falling below
1917,
■ '
showed a substantial increase, mainly due to
the movement
of military and other government traffic, travel by
soldiers and
sailors on furloughs,
and civilian travel for business
for
reserve
___________
$244,440,998 $55,227,849.;
v
of revenue freight moved by the
high record established in 1940.
previous
revenue per net ton-mile
cent for the first time since
one
??•&
9,689
:
plant
depreciation,
the
15.34;
1,857,804
average
544,240
512,979
expenses
estate,
13,969,778
—
ton-miles
net
The
ceeded
$70,998
Accounts
Total
-
--
30.14 5
Total carload freight—__2__$230,471,220 $53,370,045
.
Less-than-carload freight
stock
"B"
,
matured,
fund
System.
.
for
the
foregoing purposes were derived principally from
after deducting all charges, including approximately
$12,000,000 for depreciation and retirements, aggregated $34,574 000*
from the sale of capital assets which approximated $12,618,000 (includ¬
Funds
earnings,
which,
ing the "Morgan Line"
fleet of steamships); and from $20,135 000 of
.
Volume
borrowed
Number 4051-.,.:.,
155
funds
used
acquisition of new rolling
the
with
connection
in
'■
stock,'
.
.
;
.
.
13,005
Passenger Traffic—
No.
of
rail
♦Rail
pass.
Avge.
rec.
1
carr.
p.
Net
;*
1,543,950
1.545
1,622,877
1.577c
1.636c
>
Joint
carr.
"Tons
1 m., all
"Three
820.72
>.
pacific
Account
1.079c
Pacific RR. Co. of Mexico in
>
Mail
—V,
and
express
oper.
v
■
-'■1.
.
income
items.
$3,413,136
debt,
Other
other
or
..-V-
,
months
160 for
'V.'.,■
1941.
for
and
-0:
-
Canadian
'
'■
>7'
7,763,983
38,936,085
155, p. 308.
.-kiA
6,288,071
6,151,354
87,125,990
12,546,533
659
14,385,540
exps—_
ry.
oper.
revi
Net
$4.55
24.
was
;::V;v7 77
Stoker
followed
cents
58,131,266
42,824,145
18,032,562
17,930,065
11,610,295 * 10,597,076
93,800,699
Railway tax accruals—
Eq. & jt. fac. rents—net
21,428,925
17,858,045
14,934,473
12,339,664
Net
ry;
Total
Total
Total
inc.—_
;
7,999,458
'——'—
income
misc.
Income
1,360,644
1,170,443-.'
deductions.,'.
available
Electric
totaled
7;:
Rent
for
and
Int.
leased
funded
of
a
output
Gas
of
the
& Electric
159,624,000
^; y-. ./.
31 065
29,108,263
29,211 572
29,366
:
922
849
767
funded
on
v.
763 ,887
kwh.,
y'
inc.
of
Pacific
598,782
29,862,692
29,507,739
—
30,007,291
.
30,719,995
' V'
Southern
Lines
34,758,578
oper.
solely
controlled affil. cos.:
adj. int.
tCons.
net
6,134,574
9,315,610
§6,329,008
:
196.148
5,418.609
4,641,304
4,823,635
81,740
121,588
1,613,259
„„„
2,553,783
2,534,065
—
34,573,657
7,146,347
$9.16
$1.89
,
3,128,443 §13,265,903
Nil
$0.83
"Of separately operately solely controlled affiliated companies owned
by Southern Pacific Co. not included in the income of Southern Pacific
Transportation System shown above.
■
Pacific Transportation
^Deficit.
Southern
Pacific
RR.
;
Balance
V.
Sheet,
Dec.
1941
Assets-
31
....
preferred stock.
.•
.■
Lines)
1938
1,470,896,543 1,476,929,610
26,095,239
498,750
21,657,577
i-C
465,214
this time
cos.___
273,434,281
24,136,448
5,376,598
269,666,618
14,286,753
270.00S.662
13,162,786'
surplus Crl37,864,444 Crl49,513,477 Crl50,000,000
'
of
cruals
20.990,278
13,986,012
14.353,863
33,078.579
19,435,108
17,438,893
1,001,754
1,501,373
1.332,436
"
.
12,443,434
fd. debt
on
Total
8,425,639
9,142,322
13,611,755
unadj. debits
$6,001,890
$5,158,250
151,088
1,464,519
122,242
after
$491,286
150,413
1,455,870
1,497.310
1,486,823
642.
.V-.'.:-;'/:
.
-■v.:
; 7'v V:
:
8,232,757
1,586,742,527 1,560,876,879 1,546,605,848 1,855,149,550
Grants
dividend
of 25
payable
cents
March
to
Texas Electric Service
Period End.
Dec.
1940 was
inc.
704,096,026
4,073,000
705,094,840
708,779,489
699,067,643
5,000
held
Funded debt
by solely contr.
affil.
cos
taxes
Funded
Gross
Int.
77,445
1,040,877
930,487
1,000,000
1,000,000
$205,205
$169,682
$2,921,838
$2,953,535
1,709
1,065
21,400
14,120
$206,914
$170,747
$2,943,238
$2,967,655
140,542
140,542
1,686,500
•
(net)—_
income
2,916
bonds
3,273
34,079
1,686,500
33,281
$63,456
Dividends applic.
$26,932
$1,222,659
700,000
,
553,000
485,000
516,000
By solely contr.
affil
286,000
<:
cos.——
296,000
296,000
11,389,338
10,837,179
6.794,995
10,167,473
cos
20,000,000
18,000,000
20,000,000
payable---——
22.036.104
14,765,806
15,941.658
15,521,459
unpaid
2,288,007
1,076,016
329,482
347,100
1-
4.254.434
4,266.216
4,338,306
4.380,682
5,700,401
5,839,639
5,798,929
5,714,703
4,660,225
1,0527040
1,6777809
1,045~452
.5,037,882
2,525,851
1,024,373
376 563
bills pay.
Accounts & wages
Int.
mat.
Int.
pay.
Unmat,
Acc'd
Jan.
int.
tax
Other curr.
Deferred
accr,
375,678
Accr.
,
.
:
liabs.
e
cred.
Appropr. surplus
P. & L.j balance.
Community
sdt
(see $)»
t Reserved
23.812.006
20.000 290
17,462.599
16.546,225
68.237,307
67,326,364
67,793,146
10.081,365
9.767.596
303,945,435
300,393,595
466,184,404
asset side as deduction from
/
total investment
r
investment securities and advances.
tOn road equipment and miscellaneous physical property.
gOn leased property and investment in property subject to revision.
HExcess of intercompany liabilities over assets eliminated.
for decline in
loaded
received
Total'
$872,196
charges
in
Federal
for
Federal
for
taxes
the
nine
—1———
15,496
loss
the
provision
figure
a
$115,000
of
included
during
the
period
same
profits
As
of
Feb.
of
14,
taxes.—V.
47,750
47,179
37,550
of
154,
the
previous
1306.
p.
on
Union
Electric
of
of 463 coaches to 41 companies in
January,
1942, according to Ross
January equipment deliveries grossed $800,000.
this
1942,
business
sale
the
mor.th
the
their books,
upwards of $9,000 000
had
company
worth
said.—V. 155, p. 510.
the announcement
of
Co.
Missouri—North
American
Co.
Calls Off Sale of Union Electric Shares—To Await More
Settled Market—
Directors
of
North
The
Co.
American
Feb.
on
settled market conditions before taking
more
to
the
Union
proposed
sale
Electric
of
19
decided
to
await
further action with regard
company's holdings of the common stock
Missouri, Edward L. Shea, President, an¬
the
Co.
of
The offering,
which would have involved all of the 2.695,000
outstanding shares of Union Electric common stock, had been scheduled
for
Feb.
24.
of the directors'
view
Proceeds
from
of
retirement
the
action
all
reduced
of
last
Union
The
to
proposed
the
has requested that the
company
North
be applied first to the
outstanding debentures, which
to
were
from $70,000,000 to $50,000,000.
the largest operating utility in the
diversified St. Louis industrial area of
population approximating 1,400,000,
ownership of Union Electric dates back
is
System
serving
Illinois
and
sale
American's
North
year
Electric
the
with
American
a
total
Co.'s
1901, when it acquired
interest in
an
a
St. Louis utility which
was
following year with several other companies into Union
Electric Light & Power Co.t »,
predecessor of the present company*
From total assets of $18,760,000 shown in its first published statement
In
1903, UMon Electric has grown to a system w'th total assets ex¬
merged
the
During
$273,000,000
customers
electric
from
capacity
has
the
period
same
from
increased
kilowatts
13,000
sold
Union
■'iiy
SEC
The
of
from
Metal
7.000
the
to
number
of
its
generating
369.000;
754,000 kilowatts, and annual lclloto 2,943,000,000.—V. 155, p. 699.
to
20,000,GOO
to
Feb.
that
23
J
Co.—Delisting—
Manufacturing
announced
company
it
-
.
had granted the applicat'on
(no par) from I'sting and
stock
withdraw its common
registration on the Cleveland
Stock Exchange, effective March 2.
apnlication stated, among other things, that there has been only
a
small amount of
trad'ng in the security on the Cleveland Stock
that
and
Exchange
markets
counter
from
drawn
would
delisting
represents the
154,
ices.—V.
the
The
New
comoany
York Stock
aoprox'matclv
has
Exchange
due Jan.
367.
p.
the
management
over-the-
$450 a year which
accountants' serv¬
Calif.—Listing of Debentures—
authorized listing of $15.000 000
which
1967,
1,
debentures,
155,
the
K;;-:v'v'
Union Oil Co. of
—V.
of
of independent certified public
1633;
p.
opin-'on
provide trad'hg fac'lities if the stock is w'threg'strat'on.
It
further stated that the
and
save
cost
the
in
will
I'sting
International
See
Minerals
are
issued and outstanding.
&
Merge—
155, p.
Chemical Co.—V.
$16,840
510.
of
a
dividend
of
In
$49,075
1942,
t$171,684
$217,350 in
The
1941,
and
$6,692,911
$4,892,950
in operation com¬
$2,576,123
$3,363,775
Sales
t$169,732
1942—8 Wks.—1941
1942—4 Wks.—1941
Period End. Feb. 21—
Jan. 29, '42 Jan. 30. '41 Jan. 25. '40
——
Te^as & Pacific
states that there are 75 stores now
company
pared with 72 for last year.—V.
155, p. 831.
Union Twist Drill Co.—$1 Dividend—
dividend of $1
A
per
share has been
declared on the common stock,
A payment of like
of 1941.
Compare
March 30 to holders of record March 20.
was
paid in each of the four quarters
154, p. 1497.
1942
1941
$3,111,408
$2,402,870
2,169,970
1,651,133
283,450
160,138
133,345
92,915
Cr8,272
Cr3,467
$532,915
$502*151
39,976
34,461
$572,891
$536,612
3,665
3,035
V.
.
—„———
——
expenses
amount
Railway—Earnings
Month of January—
Operating
———
——
accruals
—————-----Equipment rentals (net)————
Joint facility rents (net)—_——
—-——
Railway tax
income——-:
railway operating
income J——————i-————'
Total
income
Income
—-——*—-—•—-
deductions
Miscellaneous
available for
charges
-r——-—
$533,577
$569,226
fixed charges———
•'
319,809
322,271
Net
—V.
of
p.
$249,417
—
A
Dividend—
share has been declared on the common stock,
holders of record Feb.' 18. Distributions during
and June 2, $1 each; Sept. 2 and Dec. 1,
bach, and Dec. 24, a year-end of $1.—V. 155, p. 57.
March 2
were
as
154,
p.
stock,
no
par
of
per
to
$1.50
.
Light
Debt
in
The Securities
the
directed
1942,
all
share
has
been
.value,' payable March 16 to
dividend
7%
of
cumulative
$1.75
share
per
preferred
on
stock, pay¬
holders of record March 2.
t,
in
the
step
the
Commission on Feb.
26
authorized and
to pay off at par and accrued interest to
May 1,
outstanding long-term debt consisting of three series of
aggregating $15,093,800.
Liquidation of this debt is a
existence the
of
Power
and Exchange
company
whose
declared on the common
&
Dissolution
its
debentures
Corp.—$1.50 Dividend—
per
a
the
|497.
major
dividend
155, p. 831.
Co.—Directed To Pay LongStep—SEC Rules Company
Not Bound To Pay 9% Premium on Debs, Redeemed—
follows: March 1
Todd Shipyards
A
declara¬
6.
This compares with $3.50
share paid on Dec. 20, last, and $1.75 per share on Oct. 1, last.
previous payment, $1.75 per share, was made on July 1, 1940.—
United
Electric Welding Co.—$1
dividend of $1
payable
accumulations on
of
a
April 1 to holders of record March
Term
Thomson
has filed
Corp.—Accumulated Dividend—
declared
have
directors
The
per
corporation
the
preference stock from $50 a share to $5.—V.
account
The
that
Holding Company Act regarding the proposed reduction
shares of outstanding $3 cumu¬
value of its 2,488.712 V®
$211,306
'
509.
stated
the
announced
has
United Dyewood
V.
income
155,
SEC
tion under the
able
————
Corp.—Declaration Filed With SEC—
United
The
lative
Net
Other
$1.50
26,888
10,662
to
of
for
excess
no
reports
company
States,
$225 000 in 1940 received from the corporation's minority interest in
Mason-Walsh-Atkinson-Kier Co. (affiliate of Consolidated Builders. Inc.,
Which is completing Grand Coulee Dam).
fProfit.—V. 154, p. 1731.
1941
32,487
14,692
and
income
amounted
months
$462,171 for the corresponding
year. Provision for Federal income
and excess profits
first
nine months
of this year amounted
to $350,000,
with
compared
Schram, Vice-President.
Thompson-Starrett Co., Inc.—Earnings—
Feb- 21, '42 Feb. 14, '42 Feb. 22. '41
32,254
$0.74
'
2,839,486
taxes.
last
which
year,
$1.75
3,582,004
provision
including
$347,171
$791,266
$0.76
I
Light Co.
_
of Southern Pacific Lines—
Week Fnded
Cars
taxes
against
Utilities Co.—To be Liquidated—
Power &
9.523,640
324,672,639
.
69,376,367
10.313,933
*
forth on
Carload ings
of
1940.
1942—9 Mos—1941
1,155,775
.
per
com¬
1941 and on May 2,
25,
SO.78
1,384,540
cents
last,
as
$344,790
$350,165
25,
Union Premier Food Stores, Inc.—Sales Gain—
Fixed
Cars
$846,981
1,586,742,527 1,560,876,879 1,546,605,848 1,855,149,550
Total
"Npw
period
April
on
37 W
holders of record
to
Oct.
on
1942—3 Mos.—1941
share.
before
$1,141,266,
154,072,056
deprec._—
adj.——
share
per
11
March
made
was
of
dividend
a
payable
Union Potash & Chemical Co.—To
See
865,050
$1,114,067
92.
.7,410,059
liabil.
liabs
unadj.
HConsol.
all
declared
25
stock,
(tons;
Income
375,678
period
to pref. stocks for the
Operating revenues
*
Oth.
865,050
$839,723
payable
Non-negot. debt to
Loans &
$1,979,117
Co.—37%-Cent Dividend—Earnings
profit-
com.
profits
excess
$1,247,874
——
155, p.
♦Inclusive
fund:
By transp. syst. cos
affil.
-V.
86,550
$1,704,77.9
120,000
The
income
Net
205,000
83,333
interest
Other
644,013
83,333
revenues—
mortgage
on
517,711
33,730
109,413
90,032
income
♦Net
held
debt
sink,
in
♦After
365,550
:
Federal
profits taxes-
oper.
101,537
3,390,325
45,000
37,380
,v
,
9 Months Ended—
.
per
watt-hours
taxes
Net
3,845,143
.319,792
$8,844,897
excl.
Texas-New Mexico
public
by
3,397,028
of
debt held
Funded
Earns,
6,304,845
3,681,565
4,559,532
377.277 605
6,304,845
4,561,621
377.277,706
383,582,551
stk.
aid
In
♦Consol.Vnet
ceeding
1941—12 Mos.—1940
$9,969,582
$728,982
352,981
Provision,, for
Other
Co.—Earnings—
$878,344
taxes
for Fed.
Prov.
2,045,000
120,000
distribution
Mississippi Valley,
30 and Dec. 29, last
one of 50 cents on June 15.
1941—Month—1940
31—
revenues
expenses,
10,000
11,411
$132,912
for the period
stock
Feb.
on
common
similar
A
Missouri
share has been declared on the common
holders of record March 16.
A similar
per
31
The only distribution in
Compare V. 154, p. 1731.
Operating
2,045,000
Period End. Jan. 31—
The
made on March 31, June 30, Sept.
year,
Balance
383,582,351
construct.
the
7.
pared with 25 cents
3%
held
Prem. on cap.
directors
were
77
Inc.—25-Cent Dividend—
Technicolor,
170,417
*
-r—'-
161.
p.
on-
In
—
155, p.
16,803
$4,230,667
hearing before the SEC Feb. 20 be deferred, Mr. Shea said.
Liabilities—
Capital stk.
by public^
155;
The
f!
re-
ac¬
reserve
income
Net
—V.
15,674,935
1,032,376
assets
assets—
curr.
Oth.
27,213,574
14,275,f 53
19,730,696
Oth.
Deferred
$548,335
Crl,419,790
32.745.698
33,922,138
suppl—
and
Disct.
Crl.468,607
Crl.363,261
*———
Mat.
■
Property retirement re¬
serve
appropriations-
Crl50,218,746 Crl55,050,451 Crl51,983,755
amort.
:
improv.—
Cash
_„c.—K--_
nounced.
1942—12 Mos.—1941
122,948
tlrement
19,959
$3,971,316
6
declare stock dividends, or for
may
is not the purpose of the company at
of these shares.—V. 154, p. 1496, 1417.
1942—Month—1941
revenues
income
Gross
Other
for accrued
for
any
Period Ended Jan. 31—
Operating
excess
•depreciation—
§Res.
sell
_
272,941.186
investm'ts
tApprop.
JRes.
It
the authorized
to have additional authorized
stock dividend purposes, if and
as
for
in the future
purposes.
issue or
to
common
so
Tampa Electric Co.- —Earnings—
direct
9,595,548
—
Affiliated
of
shares
the company
686
$324,740
$101,982
——
Truax-Traer Coal
.
by 500,000 shares
corporate
Oper.
of eqp. tr.
Other
:
by 500,000 shares.
authorized capital
$
607,249
714,691
Pacific
'•
eqp.
:
stock
unissued
but
A
1939
1940
$
Sinking funds.—
Dep. with tr. for
—V.
24
will vote on a pro¬
10,
states It deems it advisable to Increase
company
stock,
.
(Southern
Transport. prop.- 1,459,078,012 1,464,423,485
Misc. phys. prop.
27,107,399
27,707,115
acq.
L223
$297,903
170,417
and 100,000 shares of class A
common
par
no
i:
Mexico.
••
$4,213,858
Twin Coach Co., Kent, Ohio—January Orders—
meeting March
annual
of
shares
3,500,000
payment was
Consolidated
and
"Stokely Finest"
...
of
Co.
:,V, ::
•
,
i;--:
System and all separately oper¬
solely controlled affiliated companies.
XExcluding
income
of
111,237
_
income—■
tOf Southern
country
"Van Camp."—
net
bds.
on
$3,951,357
(net)—-
and
Balance
77.77"7
.
the
at
when,
;
Earns, per share on cap.
stock
ated
brands
posal to increase the authorized no par common stock
If the proposal is approved, the company will have
common
.
Oper. in U. S. net def.
Oper. in Mexico,
deficit'
its
•'
911.
p.
other
Separately
♦Cons.
Net
for the week ended Feb. 21,
the largest canners of vegetables in the
among
Stockholders
The
Net
as
:'n
companies
operating
utility
Sun Oil Co.—To Increase Common Stock—
661,730
debt—
deductions
includes
154,
of
Total
the
1942,
compared with 137,259,000 kwh. for the
an increase of 16.3%.—V. 155, p. 831.
public
Co, system
week last year,
Company- is one of
694
719,395
Amortization of discount
,<•
4,734
$324,054
10,000
29 ,429,423
533,963
v;
debt-
1,072,990
6,486
15,503
int.
The
debt-.
unfunded
on
1,200,000
409
$236,680
revenues
income
March
$11.50 per share.
This offering does not represent new
financing by the company.
debt—
non-negotiable
Int.
34,185
28,914,753
_■
87,631
764
deducts.
:';7,7
15,000 shares of 5% cumu¬
prior preference stock ($20 par) at a price of
lative
and
58,101
debt
100,000
limited-
of
mortgage bonds
which
of 50
paid on Sept. 2, last,
50 cents and an extra
was
Stokely Bros. & Co., Inc.—Stock Offered—Stein Bros.
23,890,987
36,141,866
roads
funded
on
915,417
debenture bonds
& Boyce on Feb. 25 offered
1,682,130
1,547,211
39,178,303
64,266,316
——
1,002,078
appropriations- ;
Production
for
equipment
on
Int.
^
charges
72,277
■
on
■
regular quarterly dividend of 50
stock, payable March 2 to holders of record
'
fixed
61,000
85,264
on
Other
the
quarterly also
1.—V. 154, p. 1271.
corresponding
25,573,116
40,538,947 " 37,689,077
65,436,759
327,044
Co., Inc.—Regular Dividend—
declared
have
by
Dec.
on
Standard
14,297,003
11,276,113
28,428,410
9,260,666
32,465,859
8,073,088
57,437,301
income—.
oper.
other
61,000
investments
income
share
159,441,623 157,246,669
62,663,568
op.
ry.
379,853
48,900
Int.
$3.80
,
share on the com.
An initial .of like amount
Feb.
37,294,441
203,985,627 169,268,712
exps._
from
523,580
Int.
1940
$1,795,830
Standard Gas & Electric Co.—Weekly Output—
Total
4,372,404
55,134
retirement re¬
Gross
1941
,
directors
cents per
24,034,838
34.227,853
6,391,502'
5,802,966
80,989,716
80,758,416
12,614,147
12,422,595
24,508,748 "■ 22,151,817
Transportation —105,141,576
$11,020,256
Cr3,380
;.
Standard
The
217,572,889 200,070,813
231,932,279
,326
1941—12 Mos.—1940
$935,644 $12,052,355
5,036,810
taxes—
1
oper.
Other
J
$2,441,323
profit after all charges and taxes
Earnings per share op common-
10,198,029
48,006,780
<•
335,139
taxes
7,394,174
11,125,285
H
-
Net
—V.
Net
subsidiaries sales for the 12
ended Dec. 31, 1941, were $28,027,084, compared with $21,716,the same 12 months of 1940, showing an increase of $6,310,924
domestic
and
12 Mos. Ended Dec. 31—
7,923,113
30,1
16,
-
Federal
taxes—
serve
Vv
inc.
profits
excess
June
excl.
for
Property
155, p. 831.:
Company
;
10,315,895
equipment-—
oper.
$5,981,047
*—
term
1938
2,773,980
Total ry, oper. revs
Maint. of way & struct.
other
'
"
.
•
24,480,122
revs..
Traffic
^
and
1272.
p.
474,724
for Fed.
Prov.
15
154,
Co.—Earnings—
$997,952
taxes
Amorization
172,715,307 157,234,345
25,968,313
25,244,265
189,213,149
244,440,998
Maint.
of
'
*
_
1939
••
;
39,124
March
15, $3.—V.
1941—Month—1940
Dec. 31—
revenues
expenses,
direct
follows:
as
(E. R.) Squibb & Sons—Sales Up $6,310,923.85 In 1941
„A 31,596,317
_\ 8,975,031
—
other
v
1940
income
operating
non-operating
;
—_
Passenger
1941).
59,585
__
Oper.
i' '"
System
1941
.
Operating Income—
Freight
All
1.103c
6b2.35
"•
(net)
provision for interest charges on outstanding
699.00
;
;
Calendar Years
for
Transportation
railway
-—^Before
(Southern Pacific Co.- and
Transportation System Cos., Consolidated) and Separately Oper¬
ated Solely
Controlled Affiliated. Companies
(excluding Southern
y
All
:
.
Income
Southern
15,393,288
1,032c
740.11
.988g
'
omitted.
tooo.1
42,059,616
13,710,892
45,233,295
48,331,657
12,528,216
63,281,037
24,314,856
-
Avg. p. ton p. m. rev. frt.
Net tons p."train; all frt:
%
facility rents
"Net
freight—
frt.
rev.
carr.
1,308,253
______
Operating
Provision
freight TrafficTons
rents • (net)
2,491,696
—_
were
and Dec.
Texas Power & Light
$5,937,777
1,533,226
952,291
$9,840,580
railway operations
accruals;.————
tax
Equipment
1,471,887
1.561c
2,042,181
mile
pass. p. m.
from
revenue
Railway
9,181,636
9,662,197
9,226,054
10,257,461
carried
pass,
during
Sept. 15,
Period End.
13,120
13,069
$2;
$29,814,511 $20,400,220
Railway: operating expenses:^::—-—-—J-——
19,973,931 14,462,443
1938
1939
1940
13,043
1941
'
Average miles of road—
1941
$1.50 each;
1941
1942
Month Ended Jan. 31rr-
Railway: operating revenues-—_______
(Southern Pacific Rail Lines): >
Traffic Statistics for Calendar Years
Distributions
Earnings of Transportation System-
.
\
927
FINANCIAL CHRONICLE
&
THE COMMERCIAL
-
program
for dissolution of
SEC has held must be
Holding Company
the holding
company,
terminated under provisions
Act.
In authorizing and directing payment of the
debt the SEC overruled
/• :
•/.<
Although the indenture of the issues provides a call premium of 9%,
the SEC said that United was under a congressional mandate to- termi¬
nate its affairs and that the contract right of the debenture holders to
receive more than principal and accrued interest thus was voided.
* •*
"The company's lack of free choice to continue in business, making
liquidation necessary, renders inapplicable the provision for redemption
and payment of a redemption premium," the Commission stated.
It
added that nowhere in the debentures was there a contract right vested
in the holders to receive more than par and accrued interest in those
premium.
9%
a
155,
circumstances.—V.
Transportation—coach
Transportation—railway
output
electric
The
week
?*
104,365,341 kwh:,
155, p. 699, 832.
an
Profit
operations
on
Total
$74,591
Net
$422,425
Net
1937,
of
:tf
r.y\
stock,
produce
rubber.
according to an
will be able to
substitute heel made entirely from reclaimed
satisfactory
'•••
!
a
.
;
Moves1- Staff—
Isthmian
Steamship Co., a subsidiary, has moved its New York
staff to new modern offices at 71 Broadway where the headquarters
of the parent corporation are located, it was announced..
The port employment offices of Isthmian togethef with the medical
staff under the supervision of Dr. - R. L. Beadles are located at 50
Trinity Place, directly opposite the main office.—V. 155, p. 739.
Stock—
New Prefererd
year,
155,
•—!
V.
14,502,501
279,553
$3,557,149
381,383
$3,938,532
663,349
income taxes
—
Canadian income and excess
profits tax——
States
♦United
154,
Operating
Oper.
revenues
direct
42,236
profits
excess
Non-recurring income
Total income for
dividends
Preferred
—
dividends
Common
Shares of common stock outstanding
(no par)—
Earnings per share
"No
Federal
for
taxes
prior
profits taxes.
tNet
including interest thereon.
excess
years,
Balance Sheet, Dec. 31
Assets—
vy
'yyy,
tReal estate, machinery and fixtures—
,
Trademarks, goodwill,
Cash
Accounts
receivable,
Other notes and accounts receivable—;
181,309
Bala
$2,330,000
See
14,943,700
"I
~—_____III"—
Accrued
General
and
taxes
inch
exps.,
reserve
Fed.
inc.
480,015
1,402,247
3,305,247
6,131,749
•
~ ~
Earned surplus
pref.
to
2,424
$1,913,679
$2,818,664
622,518
622,518
have
directors
stock,
1941.—V.
30,
153,
tion
in
$2,312,917
of
1941
and
no
par
$2,132,234
in
3,442,008
directors
the
on
cents
Feb.
on
stock
common
.per^ share on
of
holders
made
on
which
lecord
the
were
common
154, p.
declared
and
the
a
2.
regular
quarterly
stock
bv
a
on
of
32
cents
share
per
of
dividend
4334
Conducting
Relief
share were
per
par
no
Distributions
15, June 16 and Sept. 15 last
dividend of 54 cents on Dec
15*
•
per
in
made
share has been declared
1941
follows:
as
March
on
and Dec. 22, 60 cents.—V.
31,
152,'
the
common
June
p.
3Q
The
directors
cumulative
paid
on
on
of 25
have
declared
preferred
stock,
a
dividend
and
a
of
$1.75
per
dividend of $1.50
pe>*
it was stated.—V.
sharp and
155, p.
161.
on
share
per
on
share
the $6 preferred $27 50
t ;
,
$1,190,129
$605,226
3,172,111
3,108,912
$1.91
$1.76
$0.72
$0.32
7
.
1941, $638,930 in 1940
of holdings and equipment
1939 for depreciation
in
v
—
accounts
and
31
marketable securs,
receivable———•——
interest receivable
-
1941
1940
$8,258,156 $15,340,596
11,514,861
7,316,377
11,514,031
5,431,662
74,912
67,413
575,999
in uncompleted contracts not billed
Inventories—at lower of cost or market
Equity
cents per share on
Notes
and accounts receivable
14,825,135
4,026,466
6,032,827
not current
Investments
8,584,634
estate, plant and equipment
(at nominal value)
tReal
has
earnings.
Government and other
Accrued
1
Patents
Total
Mos.—1940
•. $
.
9,631.015 114.683,764
628.194
6,680.314
681.452
8,195.009
454.159
6.648.291
5,781,537 67,525,648
99.704,353
6.364.057
8 205.988
5.676,935
59,875,879
180,411
2,273,613
2,190,916
168,740
200,340
1.966,500
393,827
(principally prepaid insurance)
.262,624
10,384,791
1,719,489
5,460,898
9,891,885
1
953,585
20,794,389
15,368,970
payable
:
——
and other charges to customers
Accounts
on
2,946.401
Accrued
taxes,
35.789
to op¬
1,083.351
r—
1,704,922
396,691
864,252
4,783,261
262,846
workmen's
70,760
1,717,316
1,679,308
1,696
34.893,218
1,567
34,893,218
13,283,454
com-
>
fLess
;
510.834
7,573,492
9.0-72 007
reserve
13,791,602
$65,851,850 $56,829,321
—
72/100 no par shares at stated value
of $10,706,247 in 1941 and 10,485,015
of $11 per share,
in 1940.—V. 155,
643.
398,817
1,827.261
1,155.564
12.824.206
25,775
187,890
1,439.709
1,573.193
1,853,036
1,343,454
14,263,915
10,645,200
income
Weyerhaeuser Timber
566.070
572.460
6.897.675
770,994
on
Feb.
Co.—To Pay 25-Cent Dividend
23 declared
a
dividend of 25 cents per share
7.023.619
1,286,966
directors
on
the
no
par
Gross
Deductions
——_
from
gross
income
Net
—
—V.
income
155,
p^,
740..»
March
3.
V.
154,
p.
5.
June
value common stock, payable March 9 to holders of
During 1941, the following distributions were made:
2 and Sept. 2, 50 cents each, and Nov. 29, $1.50.—
1418.
Youghiogheny Hydro-Electric
.
'M
.
record
March
the
A
$1,253,502
1,675,935
11,587,172
-
pensation, etc.
Minority int. in cap. stk. and surplus of subsid.
"Capital stock
—
Earned surplus
——j.
5.898,146
38,524
Operating income —
Non-operating income-
r>er
royalties, etc.——-—
contingencies,
for
Reserves
The
on
—
Deferred credits to income
p.
—
!
uncompleted contracts
Total
operating
assignable
$1,922,066
Advance billing
"3,172,110
revenues-
$65,851,850 $56,829,321
-
—
Liabilities-
2.021,618
and
telegraph & cable
erations
1148.
April 1 to holders of record March 2. Like amounts were
2, last.
Accruals on the $7 preferred stock 011 April 1
to
$41,120
3,172,110
the amount of $817,593 in
in
charged against
S.
U.
Inc.—Earnings—
Jan.
will amount
chare,
general
revenues
cumulative preferred stock, both payable on account of accumu¬
lations
$656,009
been
Cash
182,135
miscellane'a expenses-
Taxes
and
Utah Power & Light Co.—Accumulated Dividends—
$7
$508,148
3,172,111
Consolidated Balance Sheet, Dec.
above.—V. 128; p. 268.
dividend
,
operationsand
operating
Uncollectible
value, payable March 31 to holders of record March 18
Sept. 30, 40 cents each;
the $6
$2,196,146
Retired,—
departments
other
All
Products Co., Inc.—Smaller Dividend—
were
357,134
$2,765,629 - $993,8.16
1,575,500
388,590
stock
Note—Provision
1272.
dividend of 25 cents
A
stock,
733,296
*
$5,591,606
5,550,486
(no par)
Earnings per share on
capital stock
Deferred charges
pensions
Net
Universal
maintenance—
All other
March
year-end
a
11,979 567
;
604.626
698 492
603,734
6,725,439
ating revenues——,
cents
3,894,976
$6,058,635
5,550,487
outstanding
,
1941—Month—1940
1941—12
$....
y,v
$
.-yy
$
Depreciation and amort.
Distributions
'
853.
Repairs
of 32
5,080 y'
$2.50,
.
1940.
dividend
•
cash
Surplus
Shares of capital
Telegraph & cable oper¬
the preferred stock, both payable March 16 to
March
followed
Compare V.
18
Corp.
Western Union Telegraph Co.,
5,990,616
32-Cent Common Dividend—
The
9,634,391
—
835,101
fAfter deprecia¬
value.
Divs.
162,663
Co.—25-Cent Dividend—
declared
par
p.
$28,592,957 $28,008,584
1,831,400 shares of
'Represented bv
'
y,';- ,V.
Clearfield Bituminous Coal
common
$2,192,052
841,101
,
770,000
V :
$1,291,161
roe
Period End. Dec. 31—
Total
,
payable March 12 to holders of record
Feb.
21.
During 1^41,
the comoanv made the following cash dis¬
tributions: March 10 and June 20, 25 cents each; Aug. 30. 40 cents,
and D°c. 20. 25 cents.
A 5%' stock dividend was also paid on June
the
268,670
399,709
and
income taxes
profit
paid in
Notes
14,943,700
467,158
taxes
4,001
Welch Grape Juice
$2,330,000
I
Accounts payable
8,261
$316,085
$2«2,992
stock for the period
—
$680,152
1,511,300
$3,767,595
$9,886,291
„'■»
Federal
Assets—
Liabilities-
stock
1,371
152,006
Webster Coal & Coke Co.—Bonds
The
♦Common
770,000
155, p. 162.
—V.
$28,592,957 $28,008,584
Preferred stock
$2,833,261
64,167
Net
and
65,246
63,439
si—
$331,419
64,167
155
applic.
$17,314,936
1,621,910
income
for
State
3,746,247
$381,468
162,894
—
Prepaid expenses
Total
income
Dividends
$2,118,187
1,649,407
$8,291,794
1,594,497
36,266
struction—Cr.
1
5,479,310
Capital stocks of other companies
$3,709,981
38,720
1,928,945
deductions
Income
;
600,039
y
;
$2,794,541
1,917
Interest charged to con¬
3,821,864
10,114,004
811,396
6,394,492
600,039
11,500,840
1,049,319
etc.—____
(net)—
customers
Marketable securities
$329,502
2,161
on
Net
1
manufacturing stocks, supplies,
Leaf
$379,307
—
mortgage bonds
Other int. and deducts.
1940
$6,038,647
3,383,805
-
1,106,975
Cross
income
Gross
Int.
.
etc
;
1,094,169
y
•
1941
$6,334,895
.
.
91,856
* $15,385,991
Other income
7
refunds of
.
,
(net)
income
$18,114,332 $14,153,41o
15,996,145 13,473,263
1,441,613
90,847
revenues—.
oper.
Other
$2.08
$1.58
:
for
required
provision
1,415,254
Prov.
Net
$3,977,376
163,102
3,589,544
1,831,400
$3,051,334
163,102
2,747,100
1,831,400
year——
91,287
*
re¬
appropriations-
serve
sales
1938
1939
1940
$54,938,631 $32,513,454
39,552,640
24,221,661
1941
Cost of sales———-
7,353
111,772
A;
Property retirement
negotiating additional contracts.
for Calendar Years
Income Account
Calendar Years—
Net inc. from oper,—
7.353
Cr3.40l
Cr3,401
taxes-
taxes'
Other
$3,275,183
t702,193
$3,051,334
—_——i——-----
Net earnings
mately $16,000,000 and are now
842,740
743,314
132,343,
.
and
To
4,442.490
Federal,
have
with machinery and
existent,
previously available.
Wc now have in production very extensive
important work for the war requirements of our armed services.
date we have received orders for war materials aggregating approxi¬
$11,551,152
65,243
;!
inc. taxes
for
hostilities in Europe plants
materials commensurate
and long before Pearl Harobr, in collaboration
with the Navy and Army, had greatly enlarged such facilities as were
Gross
taxes
Provision
for defense
then
Consolidated
5,223,120
401.146
354.544
31,
the beginning of
Work—From
orders
facilities
(& Sub.)—Earns.
$1,053,487 $11,266,997
$998,312
___
excl.
expenses,
taken
This com¬
cents per
29, 1941.—
1941—12 Mos.—1940
1941—Month—1940
3l—
Dec.
for
Year-end
stockholders outnumbered emoloyees
1940, totaled 22,612, and at Dec.""
10% of employees are also stock¬
At Dec.
31, 1941,
Stockholders at Dec.
1.
to
War
declared on the common
(The) Washington Water Power Co.
t:
'
t
31, 1939, 22,274.
Approximately
holders of the company.
-r-"
,V
1272.
p.
Employees at
the Year
$8,049,890
9,142,233
13,127,286
22,501,890
Social
security taxes for the benefit of employees paid Federal
and State Governments by the company in respect to 1941 payrolls
amounted to $844,046, an average of $79.47 per employee.
7
Group insurance in total amount of $34,593,928 was in force at
Dec
31.1941.
."•*»/V;
v'v
:;i"
'
Corporate Ownership—At Dec. 31, 1941, ownership of the company
was
vested in 23,561 stockholders hold.ng an average of 134 scares
each.
No individual holds as much as 1%
of the total stock out¬
•2.2
to holders of record March 18.
with $1 per share paid on Dec. 26, last, and 75
each Quarter from March 25, 1940 to and inch Sept.
Period End.
I''
/•>
share has been
per
Payrolls
h
Year—
standing.
'
■
March 27
payable
Prov. for Fed.
1
——
record March 20.
1, 20 cents and
20, 25 cents each (compare V. 154, p. 1272) —
dividend of 75 cents
pares
$4,303,071
1,209,502
interest and miscellaneous income
income
■'"'
share
dividend of 25 cents per
Co.—75-Cent Dividend—
(S. D.) Warren
A
stock,
$3,804,416
498,655
—
.___—-
24 declared a
7
14,951,038
332,951
_i
,
stock, payable April 1 to holders of
during 1941 were
as
follows: Anril
1 and Dec,
404.
p.;
,
and
the numbers of employees
Indicated: , /
Employees—The following table shows
1938
share on the
record Feb. 20
Similar
<
1,071.95
3.59
5,455
1939^___—--—y^_—v^-—6,648
19407,358
10,b21
7
Inc.—25-Cent Dividend-—
Feb.
on
common
Distributions
V.
1941
1940 J
$19,088,404 $18,339,203
Calendar Years—
Profit
1601.
p.
y
Sales, less discounts, allowances & sales deducts.
Cost of goods sold, selling, admin. & gen. exps.
and obsolescence
154,
directors
the
share
for depreciation
V.
July 1. Oct.
Co.—Earnings—
United States Tobacco
Gross
"
x
—
amount of payrolls for the years
,
were
Waldorf System,
The
on
stock, par $1, payable
Dividends,
•
•.
.
,
Corp.—50-Cent Dividend—
payable March 2 to holders of
made each quarter during
stock,
Compare
directors also
Provision
18,370
15.842
of 17,028 cars were loaded.
1941 and. in addition, a
year-end distribution of $4 per share was made on Dec. 26, last year.
cents per share on the
March 10 to holders of record Feb. 27.
compares with 15 cents per sh. paid on this issue'on June 27, last
and 10 cents per share paid on March 17, 1941.—V. 154, p. 911.
This
77 675.06
1941^—■
declared a dividend of 50 cents per
directors have
The
cnmmcn
1
'
y
(See V. 154, p. 911.)
'
declared a dividend of 15
1941.
10,
The
739.
832,
p.
distributions
19 declared an
directors on Feb.
common
155,
249.03
'■ Ay 1.57
y
?!;
initial quarterly dividend of
40 cents per share and a participating dividend of 15 cents per share
on the
new series A 6.4%
cumulative participating convertible stock,
par $25, both payable March 10 to holders of record Feb. 27. This stock
was offered
to the common and $5 preferred stockholders of record
Nov.
14, 1942, a total
$222.30
'.ZZZZB.'-Z'-Z $0,387
1939-t-^_-^L—____—,_vy7A 0.52
'%• 16.252
-
-
week ended Feb.
Valley Mold & Iron
Corp.—Participating Dividend on
United States Sugar
The
—
—
For the
—a
:•;!
Steel Corp.—Subsidiary
States
United
connections
from
Total
—V.
Feb. 21 ^'42 Jan, 24- '42 Feb. 22. '41
5.773
6.130
5,414
—10,479
12,240
10,428
_v;
,
locally
Received
155, p. 642.
manufactured, it was stated.—V.
,
—
vyyyV:vii.:■ Per y
Per
Year—-,
'
Share; .Employee
Co.—Carloadings—
Week Ended—
Loaded
this .substance,
articles, is now being
common
Wabash RR.
.
already been converted and a full line of heels made
which is obtained from the Nation's used rubber
have
Machines
from
1199440
1938
$395,409
191.754
,315,909
convertible preferred stock, and 37,500 additional ',.\ Property ——— . ]: 297,724
293,473
268,862
305,334
Miscellaneous
7,081
10,777
7,880
3,235
stock, upon official notice of issuance thereof,
pursuant to options heretofore granted and which may hereafter be
Total
$11,385,227
$4,967,079
$1,655,541 "$1,212,634
granted to officers and employees, making the total number of shares,
the listing for which is applied for 240,000 shares of preferred stock
The following table shows corporate taxes on a per share and per
and 1,839,668 shares of common stock.—V. 155. p. 832.
■■ .
employee bases:
,
■
•
of
shares
has been entirely halted
for civilian use
:
cumulative
$1.25
,
,
These taxes compare With previous years as follows:
y; Zw ■■■' y-y;.-".:'.; 7
1941
1940
1939
Federal
$9,730,103
$3,743,109
$6b5,019
State
506,271
426,870 " 352,478
Soc.al
Secur.ty
844,046
492,849
361,300
1940.
'V-"
shares of $1.25 cumulative convertible preferred stock
1,202.168 presently outstanding shares of commonstock
600,000 additional shares of common stock, upon official
of issuance thereof upon the conversion of 240,000 shares of
notice
tons annually for military purposes,
by the company, which adds that it
25,000
save
'
and its domestic subsid.aries chargeable against 1941 opera¬
to $11,385,227 compared witn $4,967,079 for the year
amount
tions
7
$1);
(par
Substitute Heels Made
—
Inc.—Listing of Stocks—
authorized the listing of 240.000
York Stock Exchange has
par);
(no
'
steps to protect our position and property rights in those countries
pending the termination of hostilities.
V '
Taxes—Federal, State and local taxes paid or to be paid by the
$1,265,650
$1,082,233
outstanding
share has been
crude rubber in heels
Use of
3,794
r
I—-—-'
—
Vultee Aircraft,
Nil
The New
Rubber Co.
Rubber—
From Reclaimed
announcement
income
company
$24,875
$0.69
Resumed—
cents per
25
States
United
.
154, p. 1601,
-r-V.
declared on the com¬
stock, par $10, payable March 16 to holders of record March 3.
is the first distribution to be made on this issue since May 27,
when a dividend of 30 cents per share was paid.—V. 154, p. 1385.
This
to
16,299
$192,561
Common Dividends
mon
—
———
to construction
—
profit
dividend
170,958
y;.
34.645
26 092 y
41,783
Cr24.019
Cr64,188
MisceUaneous income deductions
3,399
194.878
20.008
.
51,469
32,382
income taxes—
•
,
—
49,036
1,748.066
.'
and expense——
interest
on
Other interest charges
$96,042
150,000
•Earnings per share—
"On 240,000 shares of common
A
assumed
Taxes
iyiy
i
Amortization of debt discount
21,451
47,482
deductions
Other
c
$3,441,761
1,760,150
199,367
,
23,722
.176,161
.
35.323
long-term debt
miscellaneous
on
Interest charged
—
—
mortgage bonds——--———-
on
Interest
1,537,478
Depreciation
Federal
.'$3,271,572
-'i_-
,—.
-
Interest on debentures
?rTr—
income
-
Net sales in 1939
$6,058,635, which is
compared w.th $1.76 per
to
...Cur,.sales price levels have remained stabilized while wages, matetrials, overtime, taxes, and other lactors have increased substantially,
reducing the normal profit margin accordingly.
Therefore, earnings of
7 $1.91
per share
in 1941, comparable with the pre-depression years
1928, 1929, and 1930, have been possible only because of the record
volume of sales,
i
- v^y.'. y • '
European
Companies—As previously reported,- company for many
years
nas held
a
substantial interest in associated companies in
v
Italy, Germany and France.
These principal companies own valuable
plant and equipment and have demonstrated ab.lity to operate at a
profit under normal conditions.
However, vhe convers.on of dividends
7 to United States funds has not been permitted in recent years; and
'•? in view of present uncertainties in respect to safety of physical plant
y we have written down these holdings to a nominal value as shown on
the balance sheet.
Your management will continue to take all known
$3,392,725
income
Interest
$1,612,069
2,429,636
J-yv-y--------
—
income
Other
Ai-—w-:. $3,230,391
——41,181
income
Operating
calendar year totaled
in our iustory, compared
69% .
): "The net profit for the year amounted
equivalent to approximately $1.91 per snare
snare in 1940, or an increase of 8.52%,
-
7
842,651
;
;y /'
1941—Net sales for the
in
Result of Operations
y-y--'
953,033
•
Co.—Annual Report—George
Chairman, states in part:
$54,938,631, the largest single year volume
Witn $32,513,454 in
1940, an increase of
totaled $18,114,332, and in 1938 $14,153,415.
■:
397,432
-y; 674,257
———————
A r ]
\
y;:
..
A. Blackmore,
1,225.674
-------- y 1,510 025
—2——f 550,632
—
'.v- Gross
$409,436
12,989
expenses-—;
income
Other
profits
excess
Other
Nov. 30, '40
Nov. 29, '41
:$2,839,072
.L—
sales
Costs and
Federal
Subs.)—Earnings—;
United Paperboard Co. (&
6 Mos. End.—
Net
taxes—Federal income
was
1272-
p,
Westinghouse Air Brake
(depreciation of fixed
capital)
154,
301,267 '■>, 212,611
——
-
retirement
for
Provision for
system
I.
*'
———
—_
amount
like
A
.' V.
ending Feb. 21,
Week
year,
V.
G.
315,729
252,929
$12,070,080 $10,024,327
—^)'; 4,227,477
3,524,306
Electricity purchased for resale—270,948
-89,916
Maintenance
653,318
551,622
Co.—Weekly Output— •:
U.
381.675
operating revenues
Gross
companies for the
week last year are as
kwh.; same week last
increase of 12,690,381 kwh., or 12.2%,—
y '"J
'V'-yv V
the
fcr
$8,861,383
549,310
298,395
value,
par
has been declared on the common
payable April 1 to holders of record March. 16.
paid on Feb, 1, July 15 and Dec. 1, last year.—
10 cents per share
of
dividend
stock, *no
Operating expenses
the figures for the same
1942, 117,055,722
closed and
just
follows:
$10,469,685
-y
Ice——————
Provision
United Gas Improvement
A
-J-————451,424
Gas
Co.—10-Cent Dividend—
Wellman Engineering
>•
1940
1941
revenues—electric
Operating
832.
p.
'
3}—
Years End. Dec.
■
»"
(& Subs.)—Earnings—
Virginia Public Service Co.
redeemed
holders that the debt must be
contentions of certain debenture
at
Monday, March 2, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
928
-V rA»
»,*■ u*
3,621,581
7,366,240
1.1
•«>!»•
*>
•
i
»
>1
ff
«'
j.
»See Pennsylvania
Corp.—To Merge—
Electric Co.—V.-122, p.»2046.
@FedFRASER