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MONDAY
ISSUE
d
an
^I—
^
...
.
.
—
..
__
UDOMTPT P
V^XlJ^v/IN LksLMEI
I
Reg. U. S. Pat. Office
Volume
New
4891
Number
171
General
RAILROAD
Net
profit
operations
from
income
$1,372,230
555,465
$373,821
$816,765
6,725
admin, exps. i,
&
gen.
.____
Total
12,595
•
,
deductions
Other
.
——
—
Provision
Federal
for
$380,546
$829,361
17,521
-
-
'
taxesi____139,791
income
Uncollectible
In This Issue
Stock and Bond
f
302,650
\.r
Net
profit for the year,—
$223,233
$0.77
—
share———————
common
per
par
notification
shares
.share
for
of
through
stock
the
$1»
(par
SEC
be
to
Feb.
on
offered
27 covering
$8.12M>
at
per
Cleveland, O. The proceeds are to be used
169, p. 373, 485.
Montreal
Montreal
reported
corporation
$101.28
share.—V.
per
171,
845.
p.
earnings after taxes
—
Net
Book value per share,—
—V.
170,
-
Calendar
Sales,
622,763
$2.50
4,229,422
22.14
4,466,058
20.16
2,838,398
$8,255,266
6,102,845
252,251
exclusive of depreciation
—
._
administrative and general
Moving and idle plant expense—,
Federal
income
declared
—V.
p.
$1,104,023
550,915
400,665
——
—
2221.
Alumitape Sales Corp., Los Angeles, Calif.—Files—
The
SEC
corporation
covering
($1
of
letter
a
notification
of
stock
common
proceeds to
tape
and
other
to
be
offered
at
authorized
value,
par
on
Feb.
14
approved
to
increase
the
capital stock from 200,000 shares to 1,200,000 shares, no
five additional shares to be issued for each share already
a six-for-one split-up.—V. 162, p. 3187.
American Encaustic Tiling Co., Inc.—To Vote on New
Loan—
stockholders
The
of
It
the
is
ness
proposed
Prudential
and
from
company
Life
to
will
29
$800,000
borrow
Insurance
the
interest,
March
on
on
proceeds
to
new
a
of
Co.
on
increasing
$1,100,000
the present
from
principal
mort¬
loan and interest held by the same lender, and the balance to be
to
pay part of the
cost of increased manufacturing facilities.
The new loan would be payable in monthly installments over a period
gage
used
of
approximately 15 years and be secured on the company's Lansdale,
manufacturing plant, land and buildings, and machinery and
Pa.,
equipment.
OPERATIONAL
HIGHLIGHTS
FOR
CALENDAR
YEARS
1949
*1948
$4,543,750
Profit
before
$363,466
322,612
229,055
$0.78
$0.62
$1.12
$0.50
—-——
228,797
$724,6131
taxes—___
taxes
tlncome
$2,436,752
1,227,661
503,000
Sales
after taxes
profit
Net
profit
Dividends
Profit
Net
Net
per
assets
current
Capital
592,264
to
current
worth
2.20
tion
one
per
data
share
for
before
the
month
of
the
$2,480,496
paid in
Arnold,
stock
$1,873,566
$486,201
$2,359,767
$4.28
$3.66
1
year
acquisition
operation
1948
of
(in
based upon 11 months of opera¬
business of Franklin Tile Co., plus
are
the
December,
1943)
after
such
of
Trust
1950, for
debentures
15,
3%
of
Co.
10-year
Broad
55
April
on
York,
New
1950.
1,
sinking
3%
Payment
bids
for
will
be
Street,
the
,
for
the
at
York
New
account
debentures
fund
made
15,
Manu¬
Y.—
N.
purchase
1950,
received
'
it
of
issue
an
at
30 Church St., New
13
from
due 1980.
It will receive bids
the ouice of American Gas &
bonds,
21,
March
on
York, N. Y.
authorization
SEC
'
purchased
tendered.
The
of
first
be
r
.
•
issue
to
'
•• •
due
company's
the
tu
and
bonds,
mortgage
applied
'
'
,
,-42
,
.
American Investment Co. of Illinois—Earned $2.60 per
Common Share in 1949—Growth Financed in Part by an
earned $3,620,122 after taxes during
deducting
assets
Total
preference
the
at
acquisition.
end
of
the
year
were
$22,908,111 since the beginning of 1949.
growth," the annual report adds,
$71,449,450,
an
increase
and
of
of
to
on
$12,017,470
to
a
financed
on
what
is
conservative
"a large
168,425 shares
68,175
shares
of
4V2%
preference stock in payment of the assets of The Ohio
Finance Co., which was then operating 24 branch offices."
$19,360,963,
the
report
sets
forth
that
part of this increase was represented, by
series
"A"
$1.25
company,"
standing
of
the
report
the issuance of
preference stock and
continues,
"had
receivable
notes
stockholders,
totaling 289,628 accounts on Dec. 31, 1949.
totaling 197,646 accounts a year ago,
in notes receivable outstanding."
$43,228,957,
to
of 47%
alter
stock.
from
operating
$1
show
net
the
offer
on
book
net
a
earnings
per share
for-
were
March
value
last
paid hi
as
of
Dec.
year
of
about
April
Co.
87,000
"
*2'o00
554.
Wayne,
170, p. 486.
1950,
all
pay
Privately
to the Lincoln National
Fort
of
Ind.,
$400,000
of
interest
accrued
during
31,
1919, on its bonds, it was
contingent interest
will
be
paid
on
from
allocation
an
Life
4V2%
Contingent Interest—
contingent
Dec.
The
15.
$12,300
income
ended
year
of
$7,487,565
out
charges
on
Operating expenses
Income before
Provision
for
1949
and
of
after
available
the year 1949.
The
contingent interest on the company's bonds will be paid at the
following rates: Refunding and general mortgage 5% bonds, series G,
K
and M, $30 per $1,000 bond; refunding and general
mortgage 6%
bonds, series J, $36 per $1,000 bond; first mortgage 5% bonds, series B.
per $1,000 bond;
Southwestern Division 5% bonds, series A, $15
$10
$1,000
In
tors
bond;
accordance
also
charges,
convertible
with
for
the
the
year
company's
income
1949,
was
bonds,
dated
company's
$45
March
available
$14,684,705.
13,
per
$1,000
1946, the
bond.
direc¬
income,
The
after
fixed
allocations of the
available
$3,773,985;
4>/2%
the indentures
determined
general
income
were
made
as
follows:
Capital
fund,
sinking
fund,
$1,740,757;
contingent
interest,
$7,487,565; surplus income sinking fund, $841,199.
After these alloca¬
tions, totaling $13,843,506, the income available ior other corporate
purposes
amounted
to
$841,199,—-V.
171,
p.
946.
(A. S.) Beck Shoe Corp.—February Sales 3.4% Lower
Period End. Feb. 25—
Sales
—V.
1950—4 Wks.—1949
$2,263,020
171,
p.
$2,343,079
1950—8 Wks—1949
$4,466,286
$4,711,133
1042.
St. Louis Listed and Unlisted Securities
income
1948
Edward D. Jones & Co.
instalment notes receiv. $15,244,252 $10,842,554
9,598,674
6,557,774
provision lor income
taxes
taxes
$5,645,578
2,025,456
$4,284,780
1,660,675
Established 1871
300
North
Net
income
on
Earnings per
—V.
170,
p.
$3,620,122
all
classes of
common
1694.
stock of
parent co._
share
1-,713,080
\jf $2.11
$2.60
.
•
York
Midwest
$2,624,105
2,198,263
4th
St.,
St. Louis
2, Missouri
Members
New
Cash divs.
the
announced
CONSOLIDATED STATEMENT OF EARNINGS
Year Ended Dec. 31—
Interest ancl
a
1329,
1950
p.
will
company
11,
1949,
$1.93
_
Baltimore & Ohio RR.—To Pay
income for
at
Earnings—
railway operations—
171,
serial notes.—V.
March
31,
1949.—-V. 169, p.
Automatic Steel Products, Inc.—Notes Placed
on
be
6.
$99,30J
expenses
from
"Deficit.—V.
The
shares
all
revenue..
operating
Insurance
of
The
would
costs,
has
70%
than
par
basis
pro-iata
a
$10
of
producer,
more
out¬
$63,475,651,
compares
increase
convertible
shares
not
Imperial
that
chemical
and
January—
operating
railway
per
"was
basis with only 20% of the
total increase in resources represented by an increase of current debt.
Of the increase in resources, 25% was finance by long-term indebted¬
ness, 22%
by subordinated debentures and 32% through increase of
capital and surplus.
The remaining 1% represents deferred income."
The
company on
March 15, 1949, issued $5,000,000 of 3%
serial
notes
to
17
colleges,
foundations
and
insurance
companies,
it
is
pointed out.
On Sept. 1, 1949, it sold $5,000,000 of subordinated 4%
sinking fund debentures to two leading life insurance companies.
Noting that the company's capital and surplus increased during 1949
an
taken
will
report
share
per
calendar
dividends,
"This
generally considered to be
This
be
proceeds
Dividends
revenue
1949, an increase
1948 when $2,624,104 was earned.
over
there remained $3,219,241, or
$2.60
per
share,
applicable to common
stock, of which $1.50 pershare was paid in common dividends.
This compares with earnings
of $2.11
per
share in 1948 when dividends amounted to $1.35 per
share.
Net earnings of $1,421,860 which remained after payment of
dividends were
added to earned
surplus.
At the end of
1949 the
company's earned surplus amounted to $5,052,175.
After
of
outstanding
—The corporation has sold
company
largest
66% %
share.
a
Net
$1,320
S45.
from
than
Atlantic & Danville Ry—January
including
1949,
stockholders, stated
Britain's
less
93,000
its
to
Ltd.,
Chemical announced
annual
$29.28
share.
letter
a
would
Net
$54.75
Imperial
of
in
purchase not
Hoffman's
least
42
,
represents
total
$2,355,236
$888,250
$2,761,816
retained
1.63
$1,373,566
and capital surplus
worth
•The
$134,410
$510,115.
liabilities
—
earnings
Accumulated
Net
$402,049
$900,727
liabilities
assets
stock
Net
—
___.
assets over current
redemption
mortgage
March
on
Industries,
to
42
Rates
Banks
taxes
$1.11
$0,686
_____
share
per
retained
fixed
share:
share—
per
current
Ratio
—
——
—
taxes
Income
Chemical
42
Announcements
Exchange
This
"The
Net
Dividends
25-year
V
is inviting
Service Corp.,
Net
the
amount
$300,000 4%%
Guaranty
competitive
offered
income taxes, amounted to
of tax burden for each em¬
ployee of the company or $0.65 per hour added
to the labor rate
which
is equal
to nearly a 50%
increase in the labor cost.
Taxes
paid were equivalent tc $0.90 per share of capital stock.—V.
171,
all
of
TTotal
$581,000.
of
loan
mortgage
April
on
of
Palestine Trading: Corp.—Partial Re¬
trustee,
first
a.m.
company
at
Railway
the indebted¬
$1,100,000.
4va%
America
redeem
to
vote
11.30
Month
of $996,018
thus effecting
held,
Dividend
Federal Reserve System
par
Split-Up—
proposal
a
redemption
$lo8,000
the
interest.
and
The; company,
Offerings-.-J?.
City Bond
Reserve
The
stockholders
at
called for
■
Increase in Debt—
American District Telegraph Co.—Stock
The
/•
Condition Statement of Member Banks of
p.
expenses.
.
for
bidding, $25,000,000
1980, the proceeds of the financing; to
construction program.—V. 171,
p. 945.
the
with
be used to promote and advertise
products
and
for
general
selling
the
blind
Venetian
filed
28
shares
130,000
sharet,
per
Feb.
on
made
Co.,
company
to
The
670,000
$748,035
Dividends
called
1329.
$25,000,000
Railway
490,000
income
the
due
1950,
interest.
fund $424,400
Trust
p.
Electric
50,939
——__
tax——
for
debentures
15.
3%
20-year
,
par
up
(Dow-Jones)
Combined Condition Statement of Federal
13,978
611.196
expenses
April
on
of
Appalachian Electric Power Co.—Bids for Bonds—
6,256,913
221,495
596,474
-
169,
The
Redemption Calls and Sinking Fund Notices_42
$8,848,905
-
products sold,
170,
The
1948
$8,834,927
_
at
of
InvestmentJ^ews.Cover
48
Course of Bank Clearings
_41
and
Foreign
—
Selling,
Net
Slate
New
Depreciation
Estimated
V.
redemption
$282,000
sinking fund,
and
be
sinking
facturers
General Corporation &
16.54
years—1949
discounts and allowances—
$8,252,060
income ——*
3,206
—
of
Cost
$7,746,441
Corp.—Earnings—
Miscellaneous
Total
} 1
■
will
1958,
sell,
:
been
the
for
fund,
Arnold, Hoffman & Co.—Control Sought—
1,114,357
$4.26
returns,
less
due
31
National Quotation Industrial Stock Averages-31
Stock and Bond Averages
*681,864
140, Broadway, New York 15, N. Y.—V. 170, p. 1078,
the
of
32
Transactions New York Curb Exchange
also
103%
There have been
Transactions New York Stock Exchange..32
2221.
p.
Allied Products
Markets
$2,156,276
interest.
demption—
_39
40
Section
called
and
Am pal-American
37
Exchange
Exchange—Curb
$2,871,955
—
1041.
sinking
of
at
Payment
1946
778,478
$2.98
4,623,485
25.20
working capital
1969
trustee,
36
Over-the-Counter
'■■
$10,885,260 $10,223,072
1,100,959
$4.21
share
per
Stock
have
account
36
Exchange...;
There
the
due
Miscellaneous Features
1947
1948
$12,747,598
sales
Net
Stock
Toronto
;
1949
Net
Earnings
Toronto
(& Subs.)—Earnings—
Allied Laboratories, Inc.
Year Ended Dec. 31—
Curb
.
at
the
34
--35
Exchange.
Stock
been
101 Ms %
"
Exchange
Francisco Stock Exchange
San
Stock—
have
of
1962
32
Exchange
Stock
171, p.
American Tobacco Co.—Partial Redemptions—
_____32
Exchange._u__:
Stock
Angeles
Pittsburgh
that during February it purchased 3,300
shares of its. series A preferred stock tor its own account.
The
corporation also reported acceptance of tenders on Feb.
20
of 7,591 shares of its series A preferred stock in exchange for 1,088
shares
of New York, Chicago
& St. Louis RR. preferred stock, 267
shares of Kansas City Southern Ry. preferred stock and 21,940 shares
of American Power & Light Co. new common stock, when issued, plus
cash
adjustments in lieu of fractional shares.
The invitation for
these tenders was dated Dec. 17,
1949.
As of Feb. 28, Alleghany Corp. had outstanding 35,751 shares of prior
-preferred stock, having a net asset
value of $798 per share, and
250,384 shares ot series A preferred stock, having a net asset value
of
Stock
$18,335,724
13,956,002
2,223,446
*815,499
operating income
charges.
There
32
Exchange._____
13,093,393
2,923,287
$18,888,635
._
______
.
after
Deficit.—V.
account
—33
Midwest Stock Exchange
____33
Philadelphia-Baltimore Stock Exchange.
34
Los
Otis & Co.;
capital.—V.
working
with
filed
was
common
Alleghany Corp.—Purchasing Own
The
Stock
*
27
Exchange—
Detroit Stock Exchange
letter of
A
(Bonds)
Curb
Cincinnati
Aid Investment & Discount, Inc., Akron, O.—Files—
«'
36,500
Stock Exchange
York
Boston
1993.
p.
(Stocks)
York
New
value of common stock was.increased from $1 to $5
per share on March 22, 1949, by a transfer to capital stock of $201,564
from
paid-in
surplus and $860,020 from earned surplus.—V. 165,
NOTE—The
Stock Exchange
New
$492,368
$1.78
:
Net
Net
Page
11
23
.1
New York
Earnings
rev
-Operating revenues
Operating expenses
Operating taxes
Quotations
V.-Y",
$18,960,544 $18,422,403
71,909
86,679
...
oper.
1949
1950
Operating revenues
34,343
______———-
MISCELLANEOUS
-
American Telephone & Telegraph Co.—Earnings—
1948
$835,831
462,010
Gross
Other
INSURANCE
-
Mouth of January—
1949
profit on salesSelling, packing, shipping,
INDUSTRIAL
-
Bearing: Co.—Earnings—
Aetna Ball & Roller
Year Ended Dec. 31—
Copy
a
Corporation and Investment News
PUBLIC UTILITY
-
Price 75 Cents
York, N. Y., Monday, March 20, 1950
Stock
Stock
Exchange
Exchange
Chicago Board of Trade
New
York
Curb
Exchange
(Associate)
Phone
CEntral 7600
Bell
Teletype
SL 593
2
(1142)
Aircraft
Beech
A
THE
for
contract
$1,500,000
poration
of
Corp.—Large Air Force Contract—
manufacture
the
aircraft
from
the
U.
service
S.
Boston Edison
and
early delivery of approximately
has been received by this cor¬
parts
Air .Force,
it
announced
was
March
on
The
SEC
1.
Telephone
of Canada—Borrows in
Co.
Proceeds
reported earlier this month that this company has
privately in the United States to redeem
its outstanding first mortgage 5% gold bonds, series C,
which were recently called for redemption on May 1,
March
on
the
1950
.
bonds.
mortgage
28,206
rev
1
operating income
charges
—V. 171, p. 946.
These
first
of
after
Taxes
1
assignable
Offered—B.
Ind.)—Bonds
loan
and
to
of
part
pay
building.—V. 157, p.
be
to
are
of
cost
retire
(Indian¬
$50,000
a
constructing
a
which
underwriting
Camp Manufacturing Co., Inc.—Places Loan Privately
company late in 1949 borrowed $3,000,000 from
Metropolitan Life Insurance Co., payable annually
—The
the
from
will
be
INCOME
1950 to
secured
2H4S,
the
on
que
1970,
ACCOUNT,
same
basis
net
"
DEC.
Net
"Deficit.—V.
Net
—V.
ry.
—V.
$8,320,829
<
170,
notes-.
59,661
50,644
$5,120,284
The
due
1,962,402
$7,172,368
6,912,237
$7,157,882
$2.91
for
petitioned
authority
1970,
temporary
tions
be
to
are
used
plans
company
at
private
a
Gross
the
Massachusetts
to.issue
retire
$2,000,000
$661,125
the balance
issue
sale.—V.
covering
($1
was 14% greater than the $19,179,427 earned
Earnings were $5.10 per share as compared
with $4.46 in the previous year. The rate of profit was
corporation
per
Net
ry.
6.171,640
Department
the
164,
3.57
of
cents
the
sales
compared
as
Northland
with 2.95
20-year
3Va^'notes
of
for
rotes
outstanding
plant
Sales
of
the
$613,763,267,
The
about
over-all
"Theodore
of
than
goods
the
sold
President,
lower
of
consolidated
its
less
Montague,
result
products.
5.5If
volume
G.
the
was
and
company
selling
subsidiaries
1948
the
reduction
for
the
1949
at
aacl
additions.
according
dollar
in
company's
to
on
sales
in
2
shares
filed
of
-
assets totaled $142,036,191
and current
liabilities
$35,382,297,
Oct.
working capital of $106,653,894 was $735,077 greater than in 1948
and
was
higher than at any previous year-end.
Inventories at the
year's end were $48,988,814, a decline of 15 %
from $57,636,783 at
end
The
of
100.379%
letter
a
common
Includes
a
of
$4,000,000
some
of
ments
accruals
capital
budget
new
projects are
1950
$11,600,000
of
from
for
program
previous
vehicles
motor
and
$9,661,874
were
Long term notes
of $32,200,000 and
about
No
to
1,
with
3%
a
large
new
of
notification
stock,
be
to
with
The
equipment.
Depreciation
$3,590,506 less than the. year's
or
'
$47,200,000
loan of
including
INCOME
ACCOUNT
N.
company's
FOR
ENDED
YEARS
■I
•
.
DEC.
31
■
'
1949
1948
fund
exps,
;i
■
1947
offered
at
Fixed
office
is
located
at
payments
new
replaces
by
fund,
the
on
note
the
sales
613,763,267
Income from int., divs.
"Income from rentals, less
of properties rented
to
to
sale
of
of
both
classes
defray part of the costs
its
to
totaled
obligation
others
form
will
which
part
of
$104,286,501
share
per
The
Sweetwater
011
and
the
1950,
California
Corp.
On
stock
will
extensions,
and to
Aug.
20.
used
by
additions
27,
1926,
1935,
its
and
loans.'
bank
repay
Dec.
on
be
213,259
241.964
210.845
profit
1948,
income
482,555
759.467
principal territories served by the
784,841
sula,
parts
Riverside
Total
Cost
sales
of
goods
Selling,
income
sold—
charges
Interest
other
——!——.
and
1,061,702
Earnings
"■After
($2.55
share
a
10,638.021
19,179,427
19,793,276
share
$5.10
of
expenses
"
•
CONSOLIDATED
properties
BALANCE
10.807,100
$4.46
rented
SHEET,
3%
'
$4.61
unessential
or
Govt,
securities
Inventories
the
lower
of
cost
or
42,061,327
*5,425,810
27,834,510
.
___
^Investments
Deferred
_______
and
other
assets
and equipment
charges
___
Trademarks,
patents
48,938,814
_____
$1.20
8,761,752-
'6,008,028
.1
1
1
■*
*
declared
and
from
$10,050,000;
'Other
22.997,315
2.603,382
5,244,982
and
3 %
promissory no£e
Insurance
_'_
33.600,000
35,000,000
15.000,000
7,216.113
normal
Other
respectively
as
follows:"
Dean
H.
loss
;
3,721,974
5,222,602
contingencies
For
possible invent,
For losses
posals
Common
on
price
unsual
par
the
(at
costi
$3,097,687
.in
in
of
reserves
Canadian
1949;
balance,
the
treasury
$1,410,389
reserves
1948
end
maturities
in
1949:
for
of
serial
3,992.440
notes* in
securities.
$834,866
depreciation
$73,367,153 in 1947.
of
of
The
$12,750,000
Commercial
in
and
in
$2,800,172
1948
and
$81,504,208
UNot
tAfter
in
including
in
221.818,196
common
conversion
stock,
of
32,407
shares
32,407
the
shares
convertible
+198,060 Shs.
subsequent
to
are
of
reserved
of
as
cumulative
pre¬
series,
of
names
shares
of
the
Dec.
purchased
V
reserves
1947.
by
preferred
each
of
underwrtiers
stock
them
and
from
and
common
the
the
stock
company
are
Pfd. Shs.
$1,400,000
Chronicle
(Reg
U
1950,
year
that
the
1
-
.
1-2
-
—
the
be
of
Obligations
Dividends
"Net
sum
in
total
amount
expended
will
be
electric
pursuant
the
to
which
will
of
for
1042,
p.
j,
Patent
Office)
William
B.
to
$43,000,000.
in
ih<?
cm
is
rt
estinm vta
expenditures
for
the
the
and.
and
to
company
based on current
purchase
of
equipment,
aggregated
progress
•
the
program
of
are
in
that
capacity
additions
contemplates
company
approximately $21,000,000 of securities in
hereby, the amount and character
offered
the
at
time
issuance
of
and
sale.
It
On
21,280.580
'
stock
set
are
Merrill
R.
offered
forth
Lynch,
1948
23,133,584
2,913,250
255,239
$3,390,008
803,161
621.135
1,063,029
287,071
245,027
Cr475,000
568,000
"$697,027
^
p.
*
surplus
—
$l,110,64i
—
None
-
North
Co.,
Carolina
between
Yadkin
April
6,
1926,
Power
on
Carolina
River
&
Light
Pigeon
Power
Co.,
and
names
the
of
the
principal
respective
underwriters
amounts
to
be
of
&
&
Sachs
&
Co.__
Peabody
&
Co.__
C.
Allyn
Central
and
Co.,
&
Inc.
Co
10,000
Co
Weeks
I.
Co.
&
Hayden, Stone & Co
Johnston, Lemon & Co.__
&
Associates,
Laurence
5,500
M.
A.
1,800.
'
Co.,
1,300
5.500
Humphrey Co
Scott
C.
G.
3,500
3,500
First
Frost,
3,500
Inc.
F.
&
&
1,300
Co.,
Crawford
1,300
1,300
Read
&
Inc..
Co.,
Securities
800
Inc.
800
Corp..
Labouisse,
Friedrichs & Co
Huger,
Burge & Kraus
2,300
A.
Elkins, Morris & Co_
Harris, Hall & Co. (Inc.).
2,300
E.
Scott,
2,300
Barnwell
Pacific
2,300
2,300
800
&
Co.__
Inc.
John
The
C.
Legg
& Co
Milwaukee
Co
Law &
M,
H.
Co.
Co
of
2,300
Sterne,
William
2.300
&
Horner
&
&
Baker.
Watts
Courts &
Co.,
Mason,
800
Agee
&
Leach
25
Park
Place,
sX
the
fluctuations in the
rates
of
exchange,
remittance for foreign subscriptions
Alstyne Noel Corp.
L.'oyd E. Canady & Co
300
1,800
Co
Co
Henry
300
Dahlberg
&
Co.__
" 1,800
413,654
New
and advertisements must be made In New York funds.
800
2,300
Inc,
&
800
800
Co
Van
Stroud
800
800
California.
Pringle
Reynolds & Co.
R. Staats Co.__*__
800
Simons,
800
Howard,
3.500
Co
Stringfellow
Cassell
H.
"I
1,300
;
Securities
Corp,
3,500
Co.
&
Inc.
Interstate
Mead, Miller &
The Robinson-
Arnold
Inc
Marks &
Co.__
Co
Evans
3,500
Sons
&
duPont
&
Stein
3,500
Curtis.—_
Co
Brown
Francis
1,300
&
5,500
Co
&
Bros. & Boyce.
Bateman, Eichler & Co._2
Turben
5,500
&
&
Gardner.—
Merrill,
Newhard, Cook &
5,500
1,800
Inc
1,800
1,800
1,800
1,800
5,500
Langley & Co._
Webber,
Shields
Co.—
Reinholdt
5,500
&
Co.,
Clement
n
&
Illinois
10,000
5,500
—
Jackson
Ball.
10,000
Republic Co,
(Inc.)
C,
Johnson, Lane, Space &
10,000
& Co
Stearns
Bear,
The
14,000
(Continued
Publishers,
by.
1,800
24,900
Co., Inc.
Corp.__
Smith, Barney
A.
Fahey, Clark & Co.__
Beane
Boston
First
2126.
Company,
the
purchased
below:
Pierce,
Dickson
S.
The
Bache
$3,134,769
-
earned
Light
UNDERWRITERS—The
common
them
W.
3,037,349
;
in
consolidation
&
,
account
is
probably
Power Co. and
Carolina Power Co. pursuant to an
agreement
merger
and
consolidation
dated
Feb.
24,
1926.
The
original
Carolina Power & Light Co. was
organized in 1908.
The company's
charter terminates on April
6, 2925.
;
1,131,825
:
organized
and
Power
.
MOTE:
of
busis
estimated
gtvieratUif*
constructing
The
contracts
determined
merger
a
Hornblower
$25,401,515 $29,181,603
taxes—
tax
Dana
\
.«
fjouiemplated through,"1
estimates
additional
expended
facilities.
securities
be
Asheville
Paine,
$1,267,854
_I
170,
171,
on
page
6)
York 8, N. Y., Rgctor 2-9570.
Her^rt
Seibert, Editor and Publisher;
William Dana Seibert,
President; William D. Riggs' Business Manager.
Published twice a week
[every Thursday
(general news and advertising Issue)
with a statistical issue on Monday],
Other
offices: 135 S. La Salle St.,
Chicago, 3, 111
(Telephone State 0613); 1 Drapers' Gardens, London,
E. C„ England, c/o Edwards & Smith.
Copyright 1950 by William B. Dana Company.
Reentered
as second-class matter
February 25. 1942. at the post office at New York. N.
¥•• under the Act of March 3
1879.
Subscriptions in United States, U. S. Possessions, Territories and Members of Pan*
American Union, $35.00
per year;
in Dominion of Canada, $38.00 per year.
Other Countries, $42.00 per year.
r
*
•■
-\
:
*.
S
the
that its construction expenditures over
1952 will approximate 843.0)0,009,
It is
$18,000,000 will be expended ilunng the
the
year
1951,
fir.d
$11,009,000 in the
complete this construction
issuance and sale of
"
184,268
+
loss.—V.
for
account
Offered—Offering
mm
materials for utility
plant1 construction
approximately $5,600,000 at Dec. 31, 1949,
Kirchofer
charges.
paid
as
and
8.750
$1,083,586
and corporate
—
gain carried to
$206,730,777.---V.
respect to thq foregoing capital
prices and conditions.
Drexel
selling metal and
processing and
income
with
this
'
Net
1949,;
•
conditions
of
remainder
8.750
1949
revenue
income
Depletion
income
Dec.
stock,
31,
,
Of
replacements
Alex.
delivery, admiri.,
Federal
1949,
PROGRAM—Company
will
$22,000,000
12,500
Depreciation
current
March
.
$14,000,000,
1952.
year
12,500
(Inc.i
Co
products
Interest, "etc.,
1947
$77,436,818
of
paid
16,570,000'
balance,
ordinary
proceeds from the
h,
„siU Moolc, together
will, it is estimated, hv, sulfieirnt' to provide for
•
1.750
income
balance
loss
the
on
1948,
net
ending
that
8.750
12,500
:
2,500
Total
tAfter
$1,052,767 in
1949;
of
31,
„
three
Kidder,
1949.
31,
-
•
costs
3%
year
construction expenditures
CONSTRUCTION
Goldman,
Dec.
several
Brothel's
from
Profit "and
of
•
171, p. 946.
Other
each
Financial
"300,000 shs.
—
Operating
1949;
and
None
3,500
Selling,
year.
""After deducting
treasury
$10,200,000 in 1948 and $11 400 000 iti
1947.
ttRepresented by .126,958 shaies of 1949;
117,958 shares in
1948 and 125,958 shares in 1947.—V,
171, p. 2.
notes
75,000 shs.
5,000
Production
the
of
$186,687,313;
funds,
company's
1950.
22,000 shs.
+32,407 shs.
35,000 shs;
3,500
metal
53,605,099
1948
107,000 shs.
35,000 shs.
-
:___
M.
Revenue
14.244,522
3,632,234
Government
..
40,000 shs.
to be defined
$25 >
Co.
follows:
dividend
of
1,000.000
125,000 shs.
Years Ended Dec. 31—
66,269,370
4,074,212
252.072,355 242,239,331
$2,838,429 in
1,000,000
1,000,000
series____'
•_
Inc....—
&
final
River
50,000 shs.
•
Republic
Witter
account
earnings
COMPANY—Was
Calumet & Hecla Consolidated Copper Co.—Earns,—
5.000.000
61.491.504
(Dr.1
—
"■Including
5.000.000
71.260.342
Total
Co.,
4,557,682
16,750,000
scribed.
with
Co.,
2,000.000
5,000,000
66,269,370- 66,269.370
14,304,440
14,271.327
j.
,
2.000.000
5,000,000
5,000,000
value)
surplus
tfTreasury stock
SAftef
2,000.000
j,
($15
l—
conversions
■
25,134,731
4,557,682
4,557,682
16,750,000
200,000 shares of common stock (no par) was made"
15 by an underwriting
group headed by Merrill
Lynch, Pierce, Fenner & Beane and R. S. Dickson & Co.,
Inc. at $33.50 per share. The issue
was quickly oversub¬
through
(par
dividend
be
to
31,893,942
27,393,851
3,872,768
6,700.000
presently anticipated that the next permanent financing,
in 1951, will be largely
through the sale of "bonds.
5,000
V.
5,000,0C0
declines
property dis¬
;
__-
stock
Capital, surplus
Earned
;
loss
balance
addition
Mason
4,806.728
Surplus reserves:
For
1979
convertible
no
18,483,113
of
of
500.000
seiies
$1.40
43,622,84.4
15,787,174
March
the
Outstanding
Byllesby & Co. (Inc.)___—
Walston, Hoffman & Goodwin-
1.453.936
reserves
&
Central
7,209*647
inventories
FINANCING
Com. Shs.
Blyth
15,000,000
7,408,144
reserves
Reserves for replacement of depleted
-
stock,
47,681,116
!5,860,264
Carolina Power & Light Co.—Stock
1,000,000
5.446,115
32.200,000
—
and""
$5,850,000
$25):
series:.———
for
43,284.115
31, 1949, $19,152,037; portion of steamship insurance
representing compensation tor increased cost of tonnage
replacement,
$576,264;
miscellaneous
.(net
credit),
$315,163;
profit
conir
1,000.000
stock
authorized
1949,
iAssuming
2.751,720
7,556,354
notes___
due
(par
22,779,794
recoveries
To
PRESENT
.
UNDERWRITERS—The
23.023,500
2,685,660,
revenues
This
$3,288,796
1979
respective "number " of
23,740.283
accrued' liabilities—!
'1%■ serial
the
31,
ferred
LIABILITIES—
payable
and
20,843,050
24,788,927
ended Dec.
year
Fenner
"■Of
Dec.
252,072,355 242,239,331 221.818,196
""Accrued taxes
operating
$1,246,132.
22,892,189
with
region.
1,900,000
remaining, yet
stock
V
295,693,730 271,652,773
1,000.000
preferred
dividend
Common
1,175,588
goodwill.
series,
Pfd. stock
89,282.027
1,478,427
Bay
and
$20,000,000
$1.25 dividend series-—..
9,293,715
96,583.379
1949,
1948
penin¬
Bernardino
1971__
due
dividend
$1.40
48,922.300
1,069,321
—
HAccounts
du?
$1.00 dividend
1.
100,205,090
_________
and
Total
57,636,783
Diego
was
TO
sinking fund debentures due 1968
Cumulative
'
25,657,428
.
31,
in
San
1971__~_
series,
'
-
market)
Dec.
EFFECT
series, due 1971
series, due 1979
3-1/10%
$
■5,725.388
San
income
net
$990,325
of
Monterev
series; due 1971
334 %
1947
46,972,815
-
29,646,905
(at
the
the
1947.-
314 %
31
$
20,952,162
tReceivables
.^Property
and
and
include
parts
bonds
series,
27/8%
to
1948
$
42,448,310
S.
DEC.
'/'■
1949
ASSETS—
Cash
of
ended
year
GIVING
series, due
314%
10,944.885
was
in four general
are
Authorized
mortgage
3.60%
operations.
U.
the
$3,936,166.
3 Va %
deducting
County,
portions
$4,587,468
with
$830,740 for the year
1st
.21,390,479
11,593.320
common
Angeles
company
which
,11.879,797
40.527.957
in
—
__
per
669,305
to
California
and
CAPITALIZATION
——
each yean
718,928
12,870,762.
income
paid
amounted
pares
Dominion
1
taxes
Dividends
43,162.319
Los
of
Counties
EARNINGS—For
531,595,523
48,052,834
,
for Federal
income
651,521.067 604.465.85S
577,822,372
and
exps.
expense
Provision
615,227,398
531,351,621
—
and admin,
gen.
other
Net
and
in
$
292,495,823
18,419,166
___
$196,737,313;
years
areas
336,830,536
29,724,805
existing
geographical
1946
jj
44,268,622
dividends
the
The
-—
1947
318,585,919
24,864,949
ordinary stock
estimated
name
for
expenses
jt
23,636,653
income
on
The
31,
under
to present title.
The company is an operating
public-utility
principally in the business of supplying and selling water
domestic, agricultural and industrial purposes and is also
engaged
in the telephone business.
:■
■"
••
510,766
CALENDAR YEARS
20,631,969
....
engaged
602,959,406
927.261
1949—
FOR
1948
342,620,125
taxi
PROCEEDS—The
of
of
properties during
in
STATEMENT
14,543,817
income
presently
unessential
or
operations
Other
649,592,375
768,317-
and royalties
"110,596
5
'
—'
changed
Net
"113,834
1949
charges
Divs.
three
borrowing
which
priced at $24.50
share.
t
per
COMPANY—Iilccrpcrated
name
"99,661
1947,"
777
&
was
(incl.
earnings
Total
par
946.
p.
Water
preferred
at $29
company
the
"55,656
—363,252,094 355,249,702
Income
Net
raised
capital
171,
! PROCEEDS^—From
.
the
"56,378
_
earnings
Y.
consolidated
Funds
working
1949.—V.
improvements
CONSOLIDATED
The
common
815.000,000.
$170,413
"46,537
...
Gross
•
serial note
134%.
a
\
,
1948
$207,449
"'46,443
the
shares of $25 par cumulative preferred
stock, $1.25 divi¬
dend series, and 50,000 shares of
$25 par common stock.
replace¬
1949
$192,189
343
•
Pacific Ry.—Earnings for
1
Other
35,000
carry-over
construction
Vermont—Earnings—
institu¬
two
Telephone Co.—Offering of Pre¬
ferred and Cornmon Stock—A syndicate headed
by Blyth
& Co., Inc. on March 16 made
public offering of
and
refrigerating
in' 1949,
totaled
$15,600,000
consists largely of
$13,252,380.
of
a
is
combined
years.
contemplated and the program
expenditures
The
11,
Sinking
prepaid.
California
1948.
capital expenditures
Buffalo
15.
Burlington's
Current
involved.
1960
have 1 been
Net
the
is
Ave.,
March
start
principal
75,686
951.
p.
The corporation has refinanced
$35,000,000 of debt owing to the
Prudential
Liie
Insurance
Co.
with
a
single
note
bearing
234%
interest and having an average life of
17Va years, it was announced
were
$649,592,375'.
of
maintained,
was
and
prices
record
in
79,273
1947
171, p. 650.
Work,
notes
Burlington Mills Corp.—Refinances Loan—
cents in 1948 and the 20-year average of 3.30 cents.
198,537
income
oper.
Preference
dollar,
196,960
$176,161
railway..
Canadian
Casting: Corp.—Files With SEC—
March
on
10,000
underwriting
1948.
$605,523
212,602
COMPARATIVE EARNINGS
acquisition
in
1943
$649,313
322,644
134,292
railway.___
"Deficit.—V.
of
share), the;proceeds to be used to retire $26,400 of notes,
for,
of
equipment and for operating working capital,.
No
history and
1949
$789,505
238,124
1950
from
Net
SEC
Maine—Earnings—
$635,542
___
...
to
to
Burialo Stainless
The
,'•«}'• '
:
income
oper.
from
1419.
(The) Borden Co.—Earnings Best in History in 1949—
Net income of $21,890,479 was the best in the company's
"71,697
171, p. 650.
9
$900,000 of bank loans, with
tThe
"'110,282
Canadian Pacific Lines in
$2.90
_.
has
company
Utilities
Proceeds
"113,256
879.
p.
May 1,
"149,497
January—
Brockton Gas Light €0.—To Place Notes
Privately—
■
Public
$192,000
"-19,240
248,311
.
share
per
<'45,216
1950
railway.
railway
from
97,064
—,
declared
Earnings
1947.
"59,790
171, p. 555.
from
12,140.'834
(neti.
and
1948
$190,000
*88,386
January—
12,497,263
England—Earnings-
1949
$19J,000
1948
Gross
2813.
p.
1950
Canadian Pacific Lines in
Net
balance
buy new equipment.—V. 162,
$161 000
from
railway
'•
from railway—.
ry. oper. income—
Net
31
$63,977,023 $65,393,900
42,007,534
44.432,237
;
rev.
bonds
on
be used to
January—1
Gross
outstanding.
ENDED
.___
non-oper.
premium
to
Canadian National Lines in New
the
as
already
YEARS
operations..
miscell.
1964.
are
be
applied toward payment of the
$6,000,000 of 25-year 3% notes due 1973,
mortgage
to
and
of
Dividends
educational
new
bidding,
and
$9,628,351
2,455,983
Amortiz.
C.
to
used
due
Net
Ziegler & Co. on
March 11 publicly offered $275,000 of 31/2%-4% first
mortgage serial bonds,- dated Feb. 1, 1950, and due seri¬
ally March 1, 1951-1963, at 101.
The bonds bear ZVz%
interest to March 1, 1956, and 4% thereafter, and are se¬
cured by a first mortgage lien on property valued at
$986,365.
proceeds
the
B,
$9,472,226
Merchandise
Income
net
price
with
series
competitive
$1,605,719
1,179,321
Board of Trustees of North Methodist Church
Monday, March 20, lfL,U
The proceeds
will
operating revenues!
Operating expenses, except taxes
26,353
$2,435,483
1,960,920
Net
The
at
offering
Gross
$15,637,305 $13,628,906
11,431,846
10,863,869
1,769,976
1,159,318
revenues
Operating taxes
apolis,
sale
statement
bonds,
1949
1949
$15,665,511 $13,655,259
•
Operating expenses
Net
for
mortgage
of Pennsylvania—Earnings-
Month of January—
Operating revenues
Operating
registration
a
first
rate,
financing
COMPARATIVE
oper.
filed
14
of
$18,000,000
of
$49,321,000
See V. 171, p. 946.
Bell Telephone Co.
CHRONICLE
principal of and premium on
now
outstanding in the principal amount of
$23,000,000, at the call
price of 104.08; and to the prepayment of the
$12,000,000 of l3.»%
notes now
outstanding and due Dec. 15, 1950.
The
company
has
petitioned
the
Massachusetts
Department
of
Public Utilities for approval of an
issue of $18,000,000 in new first
was
Uncollectible
FINANCIAL
Co.—Registers With SEC—
1, 1980, to be offered
determine
the
interest
will
obtained funds
next.
&
terms.
S.—It
U.
company
covering
April
Delivery is scheduled for Apiil, May, June, July and August,
Work
filling the orders is now starting at the Wichita, Kansas, plant.
—V. 171, p. 555.
toward
Bell
COMMERCIAL
1
800
.
Volume 171
Number 4891
-
THE
STAT E S
A Review of the Year
Production
and
U.
on
Conditions
steel
for
Steel's
the
Pricing Methods—Throughout
operating rate and shipments of
S. Steel con¬
tinued to quote prices for steel products at the mill or
shipping point, or, if the customer so desired, at de¬
livered prices reflecting full transportation charges from
shipping point to destination. The substitution of this
method
of
selling steel for the basing point method
which had been in general use in the steel industry
for fifty years or more tends to limit—rather than to
increase—competition. Abandonment of the earlier com¬
petitive practice of being able to meet competitors'
delivered prices resulted from the decision of the Su¬
preme
Court of the United States in the so-called
"Cement" case. In April of 1949, a four-to-four decision
of the Supreme Court in another case had the effect of'
1949.
year
During the first quarter, U. S. Steel produced more
than in any quarter in its entire history—wartime
steel
or
peacetime.
the
of
Steel operations
slightly
averaged
year
during the first half of
in
of
excess
100
cent
per
rated
capacity. By the end of the second quarter a
significant change had occurred in the relationship be¬
tween the supply of and demand for steel, so that during
Ihe third quarter the demand for many steel products
appreciably below capacity levels. Then followed
strike which began on October 1, 1949, and
was
the
steel
continued
U.
S.
making
for six
weeks.
work-weeks
and
other
that
in
such
to
wherever
extent
an
one-third of the year's working
the coal mines was lost, compelling large out¬
S.
these
Steel
adjusted its affairs,
adverse
maximum
million
conditions
production
tons
of
steel
shipments.
A
ingots and castings
was
of
Late in
produced
1949, such production averaging 82.5 per cent of rated
capacity, as compared with an average operating rate
98.8
by
U
cent
per
S.
six
about
Steal
per
in
in
Shipments of
1948.
1949
amounted
which
cent of
was
18.2
to
is
the steel industry, including U.
tons.
ingot capacity became available through the completion
of new and improved steel making facilities.
Notable
which
would
manufacturers to sell their
of published plant price
handling, transportation and delivery costs, where
the effect upon competition is not unlawful.
Thus far
the proposal has not been acted upon finally by the
steel products
million tons,
permit
nearing completion
million,
with
Dividends—Income
and
Commission.
for
1949
was
U.
$165.9
tor
1948
of
$129.6
million,
a
dividends
5.2
cumulative
the
on
share
the
on
common
standing after 3 for 1 stock split
such dividends aggregating $81.3
in
invested
the
stock and $2.15
preferred
stock—based
business
shares
upon
for modern
for
the year 1949, U. S.
million for additions to and re¬
placements of its facilities, or $59.4 million more than
expended $179.1
its total
wear
and exhaustion for the year.
In the post¬
period U. S. Steel has expended $875.1 million for
war
facilities.
At December
31, 1949, $167.6 million was the
amount required to complete all authorized
estimated
replacements
and
additions.
jt*'
Working Capital and Debt—Working capital of United
States Steel
Corporation
and
subsidiaries at December
$483.8 million, compared with $469.5 mil¬
lion at December 31, 1948. - The several factors causing
this increase of $14.3 million are fully set forth in the
statement on page 30 (pamphlet report).
Funds segre¬
31< 1949,
was
reinvestment
to
,
to
win
Steel
S.
to hold old
thousands
serves
of
ones.
customers
placed
year.
fine
serves other thousands of users of steel
through jobbers, dealers and distributors. It also makes
shipments of its products to others in the steel industry
for further conversion and processing.
In turn, U. S.
Steel, to carry on its operations, buys products and
services from thousands of small and large suppliers.
Through these companies and the manufacturers of the
facilities continually required by U. S. Steel to replace
and modernize its tools of production, it helps to insure
employment for many hundreds of thousands of men
and women in both small and large businesses through¬
,
the
later,
as
in
the
world
was
and
emergency
developed, it
S. Steel
that U. S. Steel
was
too
too
was
its
postwar
contended that the ca¬
small. As recently as a
redemption
by
deposits
with
of
trustees.
the
steel
industry
to
froduce.
seek
vised
Price
a
Changes—Near the end of the year U. S. Steel
general revision in its steel prices and extras.
These
changes, resulting in an average price increase
of $3.82 a ton on steel products, or approximately four
per
cent,
the
steel
made effective December 16, 1949, by
producing subsidiaries.
The price revisions
were
the
increased
of production resulting pri¬
insurance and pension programs
and additional Federal social security taxes—these spe¬
cific items of increased cost aggregating $3.88 per ton.
reflect
marily from the
In
addition,
costs
higher
costs
of
coal,
freight
and
reductions in the costs of other purchases, further
increased steel making costs during the year. Reflected
also in the price revisions were the results of an ex¬
tensive study of extras and deductions made in an effort
Steel
U. S. Steel's subsidiary, Gunnison Homes, Inc., intro¬
adjust more accurately the relationship between de¬
The extras are charges to cover special
mand and costs.
treatment, finish, size or thickness, or
from standard processing to meet the
production of steel ingots and castings
million
tons.
than
on
the
Economic
of the Congressional Joint Committee
Report
questioned
the
propriety
price
to appear before
the Committee to explain them.- At a
Steel's capacity is 32.2
ingot
per
cent,
of
capacity
or
the
has
shown
years
of
possessed
made
the
and
a
downward
Corporation's
44 2
per
produced
trend
since
existence.
of the
cent
65.2
that year in the United
per
cent
In
the
earliest
1902,
country's
of all the
U.
S.
steel
steel
at
national average price of $6,300,
a
During
grown
facilities for
year,
increased
reduced
production of tin
the
capacities
sheets
steel
for
tin
and
the production of cold
plate were provided at
Pennsylvania; Birmingham, Alabama; and
Two continuous galvanizing lines, one
for heavy gauge and one for light gauge sheets, were
Pittsburgh,
Indiana.
Gary,
at
Irvin, Pennsylvania, in replacement of ob¬
facilities.
subsidiary announced in December, 1949,
a 3,800-acre tract of land on the
Delaware River near Morrisville, Pennsylvania, thirty
miles northeast of Philadelphia, as a possible future site
for an Eastern Seabord steel mill. The building of such
was
acquiring
mill has not yet been
a
authorized.
Such
a
plant, when
built, together with the capacity which U. S. Steel now
the
Worcester, Massachusetts, and at other plants in
should enable it better to compete in New
East,
England-Atlantic Seaboard markets.
Raw Material Problems
For
half
nearly
a
century, despite
two
major
wars
increasing peacetime steel consumption, U. S. Steel
been able to provide an adequate supply of iron
ore essential to its steel making operations.
T.n addition,
U. S. Steel has sold substantial quantities of iron ore in
and
has
the open
market.
security
of
mindful
be
prudence, as well as consideration of the
the nation, requires that U. S. Steel ever
of the prospective availability of iron ore
and the other
materials needed for its future opera¬
raw
tions.
The
problem of an adequate supply of iron ore for
is being approached by U. S. Steel on two
future
the
fronts—the
Lake
of
district
refining
Superior
lower grade from
the development of
of
ores
and
the
ex¬
obviously not prudent or in the national interest
unduly the remaining iron ore reserves of
higher grade in the Lake Superior district.
is
exhaust
to
its
smaller
has expanded
relative
with
the
the steel industry has
passage of time, U. S. Steel
size
of
borders
the
Within
the
United
States
there
are
taconite, a hard iron-bearing rock
containing about one-third iron. Beneficiation of taconite
into lumps or pellets containing sufficient iron ore for
use in blast furnaces requires a
series of refining steps
now under thorough investigation, involving neavy cap¬
ital expenditures.
abundant supplies of
this
ore
a
basic
new source
possible
to
nearer
came
of high grade foreign
future utilization in
After se/eral years of extensive explora¬
country.
work in many regions of the world, substantial
deposits of high quality iron ore were discovered
tory
new
by U. S. Steel in Venezuela.
Rights to mine these de¬
posits have been obtained from the Venezuelan Govern¬
ment. A new subsidiary of United States Steel Corpo¬
ration—Orinoco
Mining Company—has been organized
development of this property, which
the
to
undertake
on
the results of the drillings so far made seems to com¬
in importance with the famous Hull-Rust-Mahoning
pare
in
Mine
U.
Although
the
plate at Pittsburg, California, came into operation to
compete for the requirements of the food, beverage and
other industries in the West.
Improvements, replace¬
ments and modernization to enable product substitution
Minnesota.
States.
of
increases immediately following their an¬
nouncement and requested representatives of U. S. Steel
the
S.
32.0
its competitors having slightly more than twothirds of such total. The percentage of capacity owned
by U. S. Steel in relation to the total capacity of the
capacity
The Chairman
U.
one-third, of the total
1, 1950,
was
nation,
nation
low-cost, enlarged versions of its pre¬
"Champion" home, one type now being sold
including lot.
1949
fabricated
iron
U. S. Steel's rated annual capacity at January
Steel
particular needs of customers.
in
duced
During 1949
Capacity and New Facilities
for the
less
when the plants are
the iron ore available for
recovery,
.^rowing and changing steel needs through¬
UqKed States and the rest of the world. U. S.
Steel believes that such studies,
conducted by those
of experience in the steel business, are a more accurate
and reliable approach to pricing, and to the kinds and
quantities of steel needed today and tomorrow by the
public than are the estimates and projections of those
not connected with the steel industry.
other
by
chemistry, heat
other deviation
the
on
the
new
products and services bought, which were offset in part
to
out
which
dust,
completed, will supplement
It
made
being built in the Chicago
are
tensive, newly discovered iron ore deposits in Venezuela.
Specialists, qualified "in market research, continually
to keep"*U. ^^Steel's management accurately ad¬
Steel Prices
plants
sintering
flue
U. S. Steel's furnaces.
ago,
tional steel
ered
Steel
Pittsburgh districts to recover iron from blast fur¬
Business
the Government urged the building of addi¬
mills, with Government funds if necessary.
Yet by the third quarter of 1949 the demand for most
steel products was substantially less than the capacity
year
S.
in operation at Waukegan, Illinois, during the
This unit is equipped to produce either extremely
heavy wire at the rate of 500 tons a month.
Five
nace
country.
Some prewar critics asserted
large;
U.
by
or
has at
directly
and, in addition,
out
developed
process
the
include
The plant utilizes
A U. S. Steel
millions of dollars
many
customers but also
new
Lorain
at
engineers which assures a steel of superior quality. A
new
mill for the production of stainless steel wire was
that it
spends
all to the end ?of greater efficiency and
ability to serve its customers satisfactorily.
Constant improvement of products is necessary not only
consequences
Long-term debt of U. S. Steel at December 31, 1949,
was $65.9 million, excluding $5.9 million of bonds cov¬
deoxidation
new
a
installed
facilities, for improvement of methods, and
pacity of U.
working capital, totaled $171.0 million at December 31,
for
business.
gated for property additions and war costs, not included
1949.
far below the revenue
possible, so as to provide
as
as
amounts
research,
U.
Expenditures—During
Property
at competitive
increased
May 12, 1949—all
million. Income re¬
$84.6 million.
Steel
and
products
Supply and Distribution of Steel
on
to
its costs
owners
Each year U. S. Steel
per
facilities
completed
Recently
first all-welded Bessemer converters
solete
out¬
during the year amounted
to
keep
to
for
maintain the
Dividends declared for the year 1949 totaled $7.00 per
share
its
sell
seeks
received from its customers
return of
per cent on sales.
Although this return on sales
for 1949 was greater than that for 1948, it was far below
the 11 per cent average return received in peacetime
years prior to 1941 when the rate of operations was at
the approximate level prevailing in 1949.
or
Steel
and
prices
return of 7.2 per cent on sales, as compared
or a
income
S.
at
mission.
and
Income
An electric-weld pipe
McKeesport, Pennsylvania,
will produce expanded steel pipe in forty-foot lengths.
Another new pipe mill is being equipped at Orange,
Texas, to manufacture large diameter pipe, of the type
required for long-distance oil and natural gas trans¬
mill
sum
and
Financial Results
mill at
is the first of its kind ever built.
steel
products at less than the
exported.
recently completed is a new
Lorain, Ohio, which
among projects
seamless pipe
continuous
Steel.
S.
1949, the various steel companies indicated their
willingness to have the proceeding terminated by the
entry of an order by the Federal Trade Commission,
in
of
of this problem
in August, 1947, by the Federal
against approximately a hundred
Commission
companies in
25.8
the determination
with
of operation—from about 11 million to 32 million
During 1949 more than 700,000 tons of additional
ygar
and
proceeding begun
Trade
achieve
to
total
case.
they exist—and the right, regardless of plant
a share of any
Associated
the
possible, to
as
endeavored
and
and
far
so
"Cement"
the
steel consumer's business.
side purchases of bituminous coal by U. S. Steel.
U.
in
of competing in markets
Annual Report for 1949
location, to compete, in good faith, ior
approximately
time
interferences
seeks the freedom
S. Steel
1949, U.
taken
the
U.
production of coal required for steel
interrupted in 1949 by costly strikes, short
was
position
confirming
Steel's
3
ADVERTISEMENT
hearing in Washington on January 24, 1950, U. S. Steel
presented data showing that the price increases were
more than equalled by increased costs of operation, in¬
cluding an estimated increase of $67.5 million a year in
the cost of insurance and pensions.
by the Chairman
Shipments Under Changing
S.
(1143)
•
CO R P 0 R A T I ON
STEEL
Changing business conditions and strikes and work
stoppages in steel making and coal mining had their
effect
CHRONICLE
ADVERTISEMENT
ADVERTISEMENT
UNITED
FINANCIAL
&
COMMERCIAL
in
its ingot capacity threefold since its first
S.
which
iron
the
Steel
will
ore
same
as
hopes to
result
new
in
establish
the
sources
an
iron
minimum
cost
of
ore
are
ore
program
increase
for
developed, and, at
time, will conserve the maximum amount of
4
THE
(1144)
COMMERCIAL
FINANCIAL
&
Monday, March' 20,: 1950
CHRONICLE.s
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
UNITED STATES STEEL CORPORATION (Annual Report Continued)
mended
by the Steel Board as the cost to be paid by the
employer for such social security programs. U. S. Steel
higher grade
"readily minable" domestic natural ore of
for utilization in the future.
*
•
also
^The
full
nation's
of bituminous
annual production
coal exceeds 600 million tons,
offered
had
as
to join with the Union in making a joint
to be concluded by March 1, 1950,
recommended by the Board.
The Union
of pensions
study
of which the steel industry
been
continued its insistence that U. S. Steel must pay the
approximately 90 million tons. U. S. Steel's
entire cost of both employe insurance and
subsidiaries produce about five: perr cent
pensions. As
of the national production.
U.- S. Steel was unwilling to accede to the Union's ulti¬
Because of heavy wartime
demands, U S. Steel's reserves of metallurgical coal in ; matum, the steel operations of U. S. Steel were struck by
its existing mines have been depleted at an abnormal .- the Union effective 12:01 A.M., October 1st. The sole
rate. Coal needs will soon require U. S. Steel to spend s issue in the strike was whether U. S. Steel should
pay
substantial amounts for the development of replacement , the entire cost of the insurance and pension benefits,
mines so as to be able to continue its coal mining pro¬
or whether the
employe also should contribute toward
duction in balance with needed consumption.
their cost.
consumes
coal
mining
for
the
The
of negotiating
purpose
Union
failed
to
labor
new
a
contract.
its
state
specific demands (at any
time during these conferences.
However, because of
the insistence of the Union in: maintaining its 'earlier
position on the issues of the union shop, the "able and
willing" clause, and payments into a welfare fund for"
the benefit of all members of the Union, irrespective
of by whom employed, U. S. Steel joined the majority
,
of
bituminous coal operators in filing an unfair labor
practice charge against the Union on January 5, 1950.
On
the General Counsel of the National
a complaint which is now
before the Board. On the same day he applied to the
January
18,
Labor Relations Board issued
District
Federal
Court
the
in
District Of Columbia
for
temporary injunction requiring the Union and its
president to bargain in good faith by refraining from
a
•The
against. U. S. Steel ended at 12:01 A.M.,
November 12, 1949, as a result of settlement agreements
party might' serve notice of its desire to negotiate for
a general
and uniform change in rates of pay and'or
for life, accident, health, medical and hospital insurance
benefits, and, failing agreement on such issues by July
16, 1949, the Union could resort to strike in support
of its contentions.
,■
after
change in rates of pay, and for life, accident, health,
and hospital insurance benefits. In a separate
the Union also expressed a desire to negotiate
with respect to pensions.
The steel producing subsidi¬
aries accepted the invitation to meet in collective bar¬
*
*
,
increase
a
1950.
end
on
July 6, with
a
July 12, President Truman requested the various
steel companies and the Union to continue operations
for a period of 60 days and proposed the appointment
December
31, 1951, with the understanding that on
1; 1950, either party may serve notice of its
to negotiate a general and uniform change in
rates of pay.
In that event, if an agreement is not
reached by midnight on December 31, 1950, either party
may thereafter resort to strike or lockout, as the case
may be, in support of its position.
;
The
settlement agreements
with the Union stipulate
pension programs provided for
therein are subject to approval
by the stockholders of
United States Steel Corporation, Proxy statements were
sent to U. S. Steel's stockholders on January 23, 1950,
describing, the proposed insurance and pension plans for
its employes. Those plans were voted upon arid approved
at a special meeting of the
stockholders of the Corpora¬
tion held on February 27, 1950. The plans enable the
that the
-v
-
.*
insurance
benefits
to
union
not represented
or
The
other employes
tions
U.
S.
Steel's
established
the
in
of the
excess
Federal
riers'
that the various steel companies should grant insurance
costing the equivalent of 4 cents an hour on the basis
of a
2,000-hour work-year, and pensions costing not
.
more
tnun 6 cents
said' that
borne
such
an
costs
hour
of
4
on
the
cents
same
basis.
6
and
cents
The Board
should
by the employing companies and should be
sidered
part
be
con¬
of
their normal business costs.
The
President requested the parties to continue operations
until September 25—and then later to October 1—in
order, to allow time for study and consideration of the
as
Board's findings and recommendations.
It
Collective
bargaining
,
with
the
Union
was
resumed
by U. $. Steel, but soon came to an impasse due to the
insistence of the Union that U. S. Steel must accept the
recommendations of the Steel Board that it bear the
entire cost of pensions and insurance, totaling 10 cents
an
hour.
U. S. Steel offered
to'pay
as
its share of the
cost of contributory programs of employe insurance and
pension, benefits, to be negotiated with the Union, an
average of 4 cents an hour for insurance and up to 6
cents
for
pensions,
these
being
the
amounts
recom¬
respect
has
coal
to
been
mines
unfair
an
labor
favorably ruled
Relations Board
by the National Labor
upon
and, following appeal by the Union, is
for the District
before the Circuit Court of Appeals
now
of Columbia.
On January 31, 1950, the President of the United States
requested the United Mine Workers of America and the
various
coal
normal
coal
companies to agree to seventy days of
production, beginning February 6, 1950,
while a Coal Board appointed by the President would
investigate the issues and make recommendations—such
recommendations not to be binding upon either party.
Thereafter the Union refused to accept the President's
suggestion and he invoked the procedures of the Labor
Management Relations Act on February 6, 1950.
A
board of inquiry established pursuant to such Act re¬
ported to the President on February 11, 1950, respecting
the issues.
Thereupon the Attorney General, following
a
Presidential request,
obtained
February 11, 1950,
on
a
temporary restraining order requiring miners to return
to work.
On February 20, this temporary restraining
order
extended
was
operations
nor
a
In
3rd.
March
until
Neither normal
contract arrived at by collective
new
bargaining had occurred
to the writing of this report.
up
1949, payments made by U. S. Steel to the United
em-
contributory pension plan,
respect
to
compensation
Employment, Hours and Wages
In
1949,
highest for
while
hourly earnings were the
in U. S. Steel's history, there was a
average
any year
decrease—attributable
in
both
to
strikes
and
work
stoppages—
the average
weekly hours and average weekly
earnings. The average number of men and women em¬
ployed during the year was 291,163, or 1.9% less than
the record peacetime employment of 1948. About six per
cent of the employes in 1949 were women.
in
amounts
presently covered by
Security Act and the Federal Car¬
Social
Mine Workers of America Welfare and Retirement Fund
amounted to about four million dollars.
other
Taxing Act.
is
estimated
that
the
direct
to
mated
applicable
does
cost
was
Federal
not
take
cost
U.
to
S.
Steel
of
$30 million, after giving
income
into
taxes.
This
consideration
esti¬
total payroll in
The
1949 amounted to $925.1 million
521.1 million, both
and the manhours worked aggregated
being reduced considerably because of the interferences
steel and coal operations.
Average weekly and
hourly earnings of all employes of U. S. Steel were
$60.94 and $1.78, respectively. Weekly hours of work
for all employes averaged 34.3 in 1949.
loss
any
of income
resulting from U. S. Steel's inability to make
shipments during the strike period.
Steel ingot
production lost by U. S. Steel during-the strike was ap¬
proximately 3.7 million tons.
steel
Under contract check-off
dollars
was
employes
.
,
4
'
.
'
.
Mine
•
•
the
union
for
;
bituminous
,
America
of
directed
toward
contracts
1949.
to
a
shorter
replace
work-week, under new labor
those which expired on June 30,
As a consequence,
U. S. Steel produced only 19.2
was necessary to replace the
lost production by purchases in the commercial market
million tons of coal and it
at additional cost.
The
Union
closed
S.
Steel's
coal
mines
for
two
weeks in March, 1949, by a "memorial period" stoppage,
and for one week in June by what is called a "stabiliz¬
ing period of inaction."
U.
S.
Steel's mines
were
In
the
last
half of the
The
plants
among
of
U.
S.
Steel
in
continued
1949
the safest places in the nation to work.
to
be
Scores of
from
awards
organizations
and
their
ords.
more
the
were
National
Safety
Council
divisional units for distinguished
Typical of the achievements
than two million manhours in
period
and
of
than
more
another plant in
a
three
was
one
were
at
levels
safety rec¬
plant in
million
Safety achievements in 1949
rates
other
the working of
a
30-day
manhours
634-day period without
in U. S. Steel's coal mines Where
accident
and
received by the operating companies
any
were
in
disabling
also notable
frequency and severity
far
below
those
of
the
bituminous coal industry as a whole.
year,
Representatives of U. S. Steel met from time to time
Union
and
assessments,
repeatedly closed because of
"three-day" and "no-day" work-weeks and various other
strikes and work stoppages. U. S. Steel's employes in
its coal mines could have earned the highest yearly
wages in their history had the Union permitted them to
perform the work which was available to them.
with
and
Employes' Safety
injuries.
U.
fees
re¬
ducing coal stocks through restriction on employes' work
time in an attempt to improve its bargaining position
with respect to increased wages, larger welfare fund
payments and
dues,
>"
coal
industry during
seriously impaired by policies of the
Workers
provisions, about five million
the wages of union
1949 from
transferred to authorized union officials.
\
'
'
•
'
in
the year 1949 was
United
'
I
'
Production
in
deducted
Interferences With Coal Mining Operations
All parties ac¬
ceded to these requests.
with
the six-weeks' steel strike
hour.
1949, were that the Union
general wage increase, but
existing
1940,
maximum
.
a
The action which U. S. Steel and other steel companies
operating
with
:The Steel Board's recommendations made to President
10,
some
ployes some features of U. S. Steel's earlier non-con¬
tributory pension plan, which are believed by the
Board of Directors to be equitable and beneficial to the
Corporation, and also continues with certain modifica¬
i
demand for
represented by
pension plan approved by the stockholders also
effect
September
11, 1950, to run
National Labor Relations
February
on
by any union.
restores for the benefit of retired and certain other
,
Hearings before the Steel Board commenced on July
and were concluded on August 29th.
The Union's
demands upon the steel companies, as finally disclosed
in detail before the Board, were for a 30-cents-an-hour
"package"—12.5 cents an hour for a general wage in¬
crease; pensions which the Union stated would cost 11.23
cents an hour; and insurance benefits which the Union
on
and pension
arrangements contained in the settlement agreements and
confer authority upon the Board of Directors of the Cor¬
poration to extend such or other insurance and pension
:
28
withdraw its
and
subsidiaries to comply with the insurance
members to investigate
dispute. Following ac¬
ceptance of this proposal by all parties, after U. S.
Steel had urged the President without success to utilize
the procedures prescribed in the Labor Management
Relations Act of 1947, President Truman on July 15
appointed such a Presidential Steel Board, with the
express understanding that its recommendations would
not be binding upon either party.
Truman
issued
was
until final adjudication of the
'
a board of three public
and to inquire into the issues in
an
action deemed advis¬
any
desire
by him of
stated would cost 6.27 cents
take
November
1
threat by the Union of a strike
midnight on July 16th.
On
free to
are
agreement with respect to insurance and pensions, the
provisions of the basic labor contract, which by its terms
was to expire on April
30, 1950, were further extended to
;
the
in the steel industry at
injunction
instituted on July 2, 1948, with
practice charge against the
Union on the union shop issue—one of the issues in¬
volved in the above-indicated injunction proceeding—
the agreements without modification or change, but not
later than October 31, 1954.
In consideration of this
■
U. S. Steel's proposals were rejected by the Union
collective bargaining conferences, came to an
and
the
in effect until December 31, 1951, and thereafter so
long
as the
subsidiaries continue the pension provisions of
,
unspecified amount, and for pension and
insurance benefits to be paid for entirely by U. S. Steel.
The subsidiaries declined to accept the Union's proposal
for a wage increase on the ground that no sound reasons
justified an increase, but proposed certain insurance
benefits for employes to be financed on a contributory
basis (the cost to be divided equally between the sub¬
sidiaries and the participating employes), and offered
to arbitrate the contractual dispute with respect |o the
right of the Union to raise the issue of pensions prior
to negotiations for a new contract at the end of April
with
able with reference to the pension provisions after De¬
cember 31, 1951, and that the agreements shall continue
general wage
of
reached
calling
An
Board.
subsidiaries
v
.Negotiations with the Union commenced on June 15,
At that time the extent of the Union's demands
The Union asked for.
been
equally by the employer and the participating
employes, and for certain pension benefits to be paid
for by the employer. The agreements set forth that the
1949.
not disclosed.
had
from
and
terms
borne
*
letter,
gaining with the Union, although expressing regret at
the Union's action in the light of the downward trend
in the cost of living and the then present uncertainties
in the general business situation.
These subsidiaries
stated their opinion that the agreements of July 16, 1948,
limited the negotiations to wages and insurance.
settlements
contract
by other members of the steel industry. These
settlement agreements provide, among other
things, for
certain insurance benefits, the cost of which is to be
On May
medical
similar
illegal
on
stoppages to force acceptance of such terms.
Union
-c^V-
16. 1949, the Union gave notice of its desire
to negotiate modifications as provided for in the supple¬
mental agreements. It asked for a general and uniform
work
on November 11 between the steel producing sub¬
sidiaries and the United Steelworkers of America (CIO),
1949, either
the proviso that sixty days prior to July 16,
insisting
signed
The 1949 Steel Strike
supplemental labor agreements concluded on
July 16, 1948, between the steel producing subsidiaries
and the United Steelworkers of America (CIO) continued
the labor contracts then in effect until May 1, 1950, with
The
was
strike
representatives
beginning
June
13,
1949,
Capital Stock and Stockholders
At
the
annual
Corporation
three for
on
one
changed
each
common
stock
meeting
of
stockholders
the
of-the
May 2, 1949, the stockholders approved a
split in the common stock.
of
of
the
15,000,000
the
Corporation
ishares
of
without
This action
authorized
par
value
Volume
171
Number
4891
THE
COMMERCIAL
ADVERTISEMENT
&
FINANCIAL
(1145)
ADVERTISEMENT
three
shares of common stock without par value,
increasing the number of shares authorized to
45,000,000, and changing the outstanding 8,703,252 shares
—Or
at
of common stock into
cash
on
thereby
26,109,756 shares of a stated capital
of $33% a share.
This change became effective at the
close of business on May 12, 1949.
During the year, the
number of registered holders of common stock of the
Corporation increased by about 13,500, or eight per cent.
(Annual Report Concluded)
have been spent.
It is a grave mistake to assume that
profit as recorded at the end of the year
other time—constitutes a convenient pool of
CONSOLIDATED
and women have an interest in U. S.
Steel through their equities in insurance
companies and
men
any
Products
which to lay hands for any
purpose.
income
an
cash
reinvested
disbursements
million, its receipts from
in
of
and
The $93.1
U. S.
by $44.1
exceeded,
In
1949
U.
S.
Steel
U. S.
distributed
One
Wages imd salaries
customers.
in
of
excess
thousands
many
of
Steel, containing a
Corporation, has created wide interest.
U.
amounts
covered
by
wear
and
the
book,
story
Steel
the
of
Making
in
manufacture
Products
exhaustion
gives
U.
since
able to
times, has proved of great value in schools and
colleges throughout the country.
A
technicolor
motion
picture, An Orchid for
released in 1949 and has been viewed
people. This motion picture is illustrative of
new
Mr. Jordan, was
by
many
taken to describe U. S.
measures
vide
of
ever
better steels.
role
the
standards
of
the
and
new
in
Steel's efforts to
It is devoted
stainless
creating
to
a
dramatization
in
steels
raising living
industries
new
pro¬
and
job
new
opportunities.
For
fifth
the
consecutive
the sponsorship of The
U.
year
S.
Theatre Guild
Steel
continues
the
Air radio
on
program. From
September, 1945, through February, 1950,
it has sponsored 185 of these
Sunday evening broad¬
casts.
This hour-long dramatic program of fine plays
has
awards for excellence than has
any other
single program during a comparable period of time,
receiving several additional awards during 1949. The
won
S.
Steel
either
on
certs
replacement
a
by the NBC Symphony Orchestra
the National
over
Broadcasting Company network, with distinguished guest
conductors and outstanding soloists.
manufacturer
a
should
the
are
Government
taxes
depreciation
calculated on either
As
or
borrow
to
sary
wearing
out,
in
the
avoid
Steel
and
the
Future
./
On
cumulative
gram
nation,
over
is evidenced by its costly facilities
as
recent
years.,
U.
S.
Steel
is
pro¬
a
merely
increased
should,
if
dedicated
to
business.
to
replace facilities
diluting
the
capacity
demand
for
steel
many
products is
pressing and steel
output so far in 1950 is at a high rate.
In the future, as
in the past forty-nine years of its
existence, U. S. Steel
will seek to the best of its ability to
discharge its re¬
sponsibilities in a manner fair to all who have an
which
equity
of
durable
living
and
fixed dividend
or
1941
national
security
FINANCIAL
,
in
•
Dec. 31,1948
166,559,550
339,175.195
25,887,237
5,852,082
5,811,751
455,267,896
504,855,814
in
Miscellaneous
483,843,683
investments,
'
______
less
estimated
is
Fallacy
States
Aside,
at
Operating
called
Costs.
undistributed
profit—represents
stagnant
a
pool
cash
of
purchasing power, a "pot of gold," that has
"siphoned off" from the public. This is not true.
It is a myth. * The myth,
nevertheless, becomes the basis
Government
27,332,297
21,410,571
and
.
,
additions and
replacements
arising out of,
Parts
Applicable
and
to
155,000,000
155,000,000
16,000,000
1,356,012,954
supposing that there is some sort of
bility to get the supposed "pot of gold"
country's purchasing power flows. The
responsibility is conveniently aligned
interest
flows
of
those
would
reductions.
with
who
pretend
increased by
be
That
"pots
of
is
why
gold"
they
and
social
responsi¬
restored to the
supposed social
with the self-
that
purchasing
profit-sacrificing
confuse
pretend
the
profit
profit
power
Intangibles
Total
,
Assets Less Current Liabilities.—__
/
.
" '
'
Long-Term
-
than it is.
salaries
was
balance
Services Bought.
in
year
1949
Out
for
The
accelerated
in
the
estimated
of
additional
greatest.
few
in
charged
Products
and
inventories
is
of
years
The
cellaneous
Excess
of
>
i
71,554,196
20,562,262
contingencies and mis¬
Over
and
104,939,571
Re¬
serves
Of
the
$925,123,-
of
produewt
construction
to
and
bought reflects
deferred
These
costs.
applicable
U.
Steel's
over
S.
is
the
to
when
long-term
of
cost
the
related
postwar
economic
the
to
use¬
of
excess
peacetime
average
operating rate may drop, no
being made at 70 per cent or lower operations. The accel¬
depreciation is in addition 10 the normal depreciation on suc!»
but
the
the
toial
depieciation
over
their
expected
lives
will
not
cost of the facilities.
,
AUDITORS'
As
States
Steel
REPORT
Corporation:
independent auditors elected at the annual meeting of stockholders
States Steel
Corporation held on May 2,
1949,
we
have
United
examined
States
the
Steel
consolidated
Corporation
statement
and
the consolidated statement
of
of
subsidiaries
financial
position
December
at
income for the
year
tion
was
made
and
accordingly included such tests of
auditing procedures as we considered
in
accordance
with
generally
of
31,
1949.
United
1949,
Our
and
examina¬
accepted
auditing stand¬
the accounting records and
other
in
necessary
the
circumstances.
In our
102,390,573
Liabilities
War.
costs
services
and
their lives,
thereof
INDEPENDENT
such
15,149,959
expenses
Assets
bo
Wear and exhaustion of facilities
amount
the Stockholders of United
To
2,030,116,022
arising
war
For insurance,
to
of about
exceed
i
.
.
65,944,114
costs
cost
a
approximately $34,000,000.
depreciation
first
operating rate
*
out
oj
totaled
1949
included
was
ards
For
is
purport
$22,045,743 in 1949 and $55,335,444
depreciation is not presently' deductible for
accelerated
is
of
2,101,097,816
____________L
Reserves
price
bigger
the
'
20,438,971
i
.
•
.
Debt
and
$906,387,149
and
during the
'
Deduct:
which
not
41.944,280
24,818,584
,
amounts
is
and
1,300,816,762
38,090,297
Periods
does
21.000,000
Supplies—
Future
and
acceleration
war
Equipment, less depreciation—
Wages
amount,
Such
facilities
been
for
1948.
erated
For expenditures
Plant
Set
values
gross
periods,
70 per cent of capacity.
The annual accelerated amount
is 10 per cent of the cost of facilities in the
year in which the expendltures
are
made and 10 per cent in the
succeeding year, except that
this amount i* reduced ratably as the
•
.
Securities
future
accounts.
changes
rate
.
cost
For property
basic misconception
of the meaning of
accounting terms that is serious and widespread. Thus
many people have been led to believe that the amount
by
which
corporate
income
exceeds
dividends—soa
469,505,437
_____
,
There
Salaries.
sclct
current
'
losses
United
of
Estimated Additional Costs Arising
this
services
facilities
.
Capital
returns
provision
replacement value.
fulness
Working
The "Pot of Gold"
or
Wear and Exhaustion of Facilities.
includes accelerated depreciation of
•
_________
tax
levied.
Federal income tax purposes.
Chairman, Board of Directors
February 28, 1950.
Of
and
207,479,992
" 23,276,261
year
be
265,676,834
——204,913,984
one
profits
reasonable
may
and Services Sold.
Products and services sold includes in¬
dividends and other income of $9,615,067 in 1949 and
$8,365,733
Wapcs and
554.
.
.
Total
operations
items increased during
—.
that
this purpose.
the
payable
excess
not
974,361,251
221.225,569
Long-term debt due within
and
believed
*
.
has
in 1948.
Current Liabilities
Dividends
|
Revenue
for estimated
Products
a.
*
Internal
Insurance Reserve.
The subsidiary companies
are, for the most part.
self-insurers of their assets against fire,
windstorm, marine and related
losses.
The balance of the insurance reserve
is held available for ab¬
Less
payable
income
It is
years.
of
additional costs arising out of war,
provided dur¬
ing the war years, $5,412,303 was used in 1949 to cover the
higher costs
of
replacing inventories depleted during the war.
This charge and
offsetting credit are included in the consolidated statement of income.
195,991,522
372,438,543
939,111,579
ACCOUNTS
Bureau
additional taxes which
any
realizable
a
terest,
Total
May 12,
on
of properties sold
or
retired.
The
depreciated amount
the consolidated statement of financial
position for plant and
applicable to
other
taxes
$52,188,650
split
Products
at
debts—
stock
sorbing possible losses cf this character, and is considered adequate for
213,842,725
bad
1
cost
in
reserve
POSITION
—ICi—189,700,000
securities,
for
TO
The
Federal
cf
subsequent
Reserve for
of
case
Income.
on
audit
made
the
either
$225,351,809
——
Accrued
$84,553,177
.equipment represents that portion of the
,
Accounts
52,219,513
of
.
interest in its affairs.
Business..
Corporations, and accepted by the Bureau of Internal Revenue of the
Treasury Department, as at the initial date of organization of the
Corporation in 1901, plus actual cost of additions
since, and less credits
obliga¬
$210,413,486
Inventories
56,135,975
1948)..
Plant and Equipment Valuation.
The gross values at which
plant
equipment are carried in the consolidated accounts have been de¬
termined from and based upon the
findings of the United States Bureau
for
Cash
Receivables, less estimated
in
25,219,677
share
shares outstanding after 3 for
the
and
,,
Current Assets
—
per
and
goods manufacturer shouia
Dec. 31,1949
Government
share
per
Taxes
has been
•
States
(87
per
NOTES
Federal
durable goods manu¬
a
CONSOLIDATED STATEMENT OF
cost
82.00*
($2.15"
are
present
possible
A
stock
1949.
recovered
through depreciation deductions is
primarily for replacement purposes and that, to¬
gether with any earnings that are reinvested in modern
property, plant and equipment, provides jobs, a
high
United
129,627,845
neces¬
new
tions except as a last resort.
emergency.
2,351,880,690
25,219,677
*Based upon
■
serving the best interests of its stockholders, its employes
ana its
customers, by devoting its energies and facilities
to the maximum production of
products and services to
meet the growing needs of the nation.
Following a year
in which production vas
interrupted by strikes, current
109,000,000
,
Income Reinvested
use
equity securities; and
equity money can be obtained
the earnings of old equity money
already
not
of
126,000,000
Income
on
preferred
stock
common
1949,
profit at 40% the difference
original cost and depreciation
replacement or an accelerated
incurring fixed interest
standard
Taxes
Taxes-
share)
On
used
IT. S. Steel's management has confidence in the future
of this
Federal
2,394,345
49,887,902
165,908,829
Miscellaneous
56,221,366
2,135,776,860
and
Income
shown
S.
4.858.545
3,412,303
Long-Term
on
Dividends Declared
Cash
U.
Federal
2,297,316
completed
upon
145,986,681
for
Total
'for
depends
Provided
associated
Other' Costs
Local
Estimated
be
investors.
or
119,661,652
Facilities
as
on
thereby
To finance
013,756,603-
Debt
State,
accelerated basis whereby
an
result many companies have found it
a
less
10,191,848
905,293,294.
adjustments.
recovered
between
basis.
tax
Interest and
been
currently to provide the
same
purchasing power as so-called normal depreciation
dollars commanded when
they were initially expended.
It is only for expanded
capacity that there is justifica¬
tion for borrowing or new
capital. Under present taxing
policies it is difficult to adhere to this principle, because
whether
con¬
that
Bought
of
19,692,732
7,129,924
Included Herein
Years,
005,829,124
18,198,462
out of
sufficient dollars
facturer
During
have
continuously to retain his productive capacity on a
competitive basis. By depreciation is meant depreciation
on
of 1949 U. S. Steel sponsored a series of
properties
as
weekly by from ten to thirteen million people.
summer
Prior
receipts from customers, through
depreciation and through income remaining for reinvest¬
ment after equitable
dividends, amounts sufficient to
replace and keep modern his plant and equipment so
the Air has been listed
among the first
twenty programs in the number of listeners and is heard
the
believes
recover
more
Theatre Guild
for
Costs
income
,
steel
of
use
colonial
expenditures
Services
and
Wear and Exhaustion
modernizing and replacing its facilities than
expanding its basic capacity.
-
for
which
America,
and
-
Steel's
906,387,149
taxes
Payments for pensions.
far more for
mation about the
Another
S.
security
million of cash required for the increase in
in
these, Basic Facts About
short history of and key infor¬
1948
$2,301,685,689 $2,481,508,535
V-
Modernizing and Replacing Facilities
of
Sold—
Employment Costs
inventories and for property additions and
replacements
Knowledge of U. S. Steel
copies of handbooks.
Services
i
$84.6 million,
1949
War
Public
INCOME
1949
Costs
Despite
Steel's
alone exceeded the $84.6 million of income reinvested.
other organizations holding U. S. Steel's securities.
OF
*
,
Social*
many
STATEMENT
undistributed
U. S. Steel has 241,116 registered holders of its stock.
Also,
5
ADVERTISEMENT
UNITED STATES STEEL CORPORATION
into
CHRONICLE
$1,917,613,170 $1(833,059,993
opinion, the accompanying consolidated statement.of financial
position and related statement of income, together with the notes
thereto, present fairly the position of United States Steel Corporation
and its subsidiary companies at December 31, 1949, and the results of
the year's operations in conformity with
generally accepted accounting
principles applied
on
a
basis consistent with that of the preceding year.
Ownership Evidenced by
Preferred
Circulation of Cash
value
The
fact
is,
of
that
undistributed
Common
stagnant pool of cash buying
on the contrary, undistributed profit is. one of
Stated
course,
profit does not constitute
power;
the names
or
so-called
a
tags that accountants put
on
buying
power
that has probably already been distributed. In the
of U. S. Steel, undistributed profit, more properly
per
been
PRICE,
l'/o
cumulative,
(3,602,811
stock
as
much
as
the
dollars
labeled
$360,281,100
1,557,332,070
New
CO.
-
The
foregoing
purpose
in
of
has been prepared
furnishing financial and
and
is
distributed
statistical
solely
information.
for
It
the
is
not
v
case
a
687,006,870
.
Total
with
$1,917',613,170 $1,833,059,993
.—
representation,
*
After
3
for
1
stock
split
on
May 12, 1949.
any
prospectus,
present or future
communication
sale
or
of any stock or other security of
'any other corporation^
mate.
wages
&
York, February 28, 1950
1,472,778,893
$870,325,200
reinvested
business
"income reinvested," represents dollars that have
spent just
$360,281,100
$33Vi>
share*
.
WATERHOUSE
par
shares)
(26,109,756 shares'*)
capital,
Income
desig¬
nated
stock,
$100
or
"U.
both,
as
S.
Steel"
required
Amounts
refers
by
the
to
purchase,
United
stated
the
in
parent
context.
or
circular
in
offer of sale
States
round
Steel
or
purchase
Corporation
numbers
corporation,
connection
its
or
approxisubsidiaries,
are
6
Chicago
General
Corporation and
Island
Rock
FINANCIAL
&
COMMERCIAL
THE
(1146)
Pacific RR.—Purchase of 20
&
More Locomotives Authorized—
Further
Investment News
authorized
the Rock
of
The board
cost approxi¬
purchase of 20 new Diesel locomotives to
$2,500,000.
mately
PRESENT FINANCING
TO
314% series due 1979
bonds, 314% series due 1979
mtge.
3V4%
due
notes,
promissory
It
Chrysler
300,000 shs.
186,088 shs.
3.000.000 shs.
cum. (without par val.)_
stock (without aar value)—_
pfd.
1.400.000 shs.
stk.,
Common
other provisions of the
■'Unlimited, except by property, earnings and
indenture.—V.
171,
946.
p.
Preferred StocK Fi¬
Celancse Corp. of America—Plans
nancing—
which
can
issued
be
will be asked to. authorize the creation
April 12
on
shares of a new $100 par preferred stock, 505,000 shares
be issued at any time, but the remaining shares can
1,000,000
of
to
only
provision
that
extent
the
stock.
1954, at $105 and accrued dividends.
plans for the issuance this year, if
market conditions are considered satisfactory, of an initial series of
the new preferred stock which may be convertible into common stock.
Net proceeds would be added to the working capital of the corpora¬
tion and may be used in part for expansion of the business, including
additional production facilities wheh, in the opinion of the manage¬
ment, such course is justified by general economic conditions.
"Since
its
formation,"
Harold Blancke, President,
declared in a
letter to stockholders, "the company has invested in producing facili¬
ties,
principally of its own design and construction, in excess of
$225,000,000.
In addition, working capital has had to be provided.
These
things have been accomplished in part by the retention of
earnings in the amount of approximately $76,000,000 and the creation
of debt, which at present amounts to approximately $86,000,000.
"It is quite
evident that the growth potentialities of the company
are tremendous.
The prospects lor its present chemical fibers, as well
and
redeemable
is
The
new
as
to
ones
Also
cannot
measured."
be
stockholder
for
action
is
consideration
in
171,
of
release
the
and
surrender
contractual
such
of
1042.
p.
sold
products,
The
company
be
the
in
accordance
small
amount
small percentage.
scriptions of others
will
(Incl.
ACCOUNT
INCOME
offering
with
terms
of
than
be
can
made
stockholders.—V.
15,354,383
13,586,357
expenses
sharing
taxes
75,045,820
5.753,664
4,374,349
256,391
254.395
696,035
81,000,000
55,506,000
51,300,000
132,170,096
45,686,886
$15.19
89,187,240
34,809,656
67.181,220
25,019,009
$10.25
$7.72
credit fees..income
or
profit
___
dividends
tEarnings
paid
provision of prior year amounting to $1,680,606 in 1949, $607,152 in 1948 and $756,668 in 1947,
+Based on
present share; of $25 par value in 1949 and $2.50 par value in 1948
and 1947 (8,702,264 shares in each year).
unused
deducting
"After
than
more
received
for the
for
in
of
in
the
$6,275,-
year
business
net earnings
since their
Accumulated
these
of
subsidiaries
to $22,262,236 with respect to foreign subsid¬
with respect to partially-owned domestic sub¬
amounted
and
the
for
such subsidiaries.
year
use
acquisition
$3,627,669
iaries
were
of such subsidiaries (after
Dividends received lrom partially-owned domestic sub¬
$144,027 less than the proportionate part of the net
were
but
subsidiaries
foreign
from
earnings
net
retained
holders
share—
common
per
earnings
offering,
sidiaries.
CONSOLIDATED
BALANCE
DEC.
SHEET,
31
The
and
corporation
amended
13
simplification;
corporate
date
March
on
the
end
its
PEC
plan
for
$
fixed
has
April
12
the
as
reconvening the hearings on the plan.
original plan, filed last September, proposed
zation
Central
of
into
Public
a
having
company
the
(1)
only
reorgani¬
stock
common
outstanding,
the new common stock to be distributed to the holders
outstanding 5Va% 20-year income bonds, all other outstanding
its
of
securities
the
of
the
be
to
company
Co.
and
and
(3.1
the
The
lsianus
divestment
without
consideration;
the
thereof
proceeds
The
class
amended
Per'"r"la
Power
Co.
companies;
and
Central
subsidiares of the
plan,
of
authorized
Indiana
the
to
capital
stock
value
(all other authorized and
and
preferred
shares
of
Central
if
the
to
bonds
—V.
are
170,
to
at
Public
of
month
shares
2.03
stock
if
the
the
note
the
in
without
the
among
month
of
application
with
Accrued
income
a
single
new
consideration),
of
holders
the
5V2%
varying from 2.40 shares
issue
of
original
the
in
August
was
issue
March,
was
principal
1932,
1938.
The
$42 102 000
of
amount
in
fAt
and
cost
underwriting
March 15
headed
group
Lehman
by
awarded $5,070,000
2V8% serial
equipment trust certificates dated April 1, 1950 and ma¬
turing $169,000 semi-annually Oct. 1, 1950 to April 1,
1965 on its bid of 99;1727.
Subject to ICC authorization,
on
was
the certificates were reoffered by the group at prices to
yield from 1.15% to 2.50% according to maturity.
Three
Co.
other
(Inc.),
Bros.
bids
Hutzler,
&
Proceeds
of
also
were
Halsey,
99.147;
received
Stuart
&
for
Co.
214s
Inc.,
viz.;
Harris,
.
Hall
ihese
of
members
Rhoaaes
&
Co.;
the
of
Reynolds
underwriting
Co.;
&
and
group
were
Ball,
Burge
MONTH
OF
&
Carl
M.
Loeb
Kraus.
five
the
be
used
of
7,
to
1950.
subscription
of
par
for
in
paid
York has
connection
at the rate of
stock of record
the
at
rate
of
been
with
one
appointed sub¬
Us ofiering of
additional share
Mtticii
$28
per
the
1950;
15,
will
be
offered
171,
p.
share
on.
at
the
same
time
mining district.
Columbus
company
Richard
the
San
FOR
1950
January—
from
Grcss
Net
from
Net
ry.
—V.
railway
1949
$20,347,743 $26,115 308
1948
6 223.578
4,925,942
8,076 116
1.484,885
income—
3,419,876
2,536,083
4,501,943
1042.
p.
20%—
increased its 1949 earnings over 1948 by more than
Rosenthal, President, disclosed at a recent meeting
of Security Analysts.—V. 170, p. 1911.
L.
Cleveland Worsted Mills—Secondary
Offering—A
sec¬
ondary offering of 20,000 shares of common stock (no
par) was made March 9 at $88 per share by Prescott &
Co.
Dealers' discount, $4 per share.—V. 153, p. 831.
'•
Coastal Finance Corp.—Stock Offered—On
Feb. 3, the
corporation offered publicly 10,000 shares of 6% cumu¬
lative non-convertible preferred stock (par $10) and 5,000
shares of class A common stock (par $10), the former
of $6,200,000
series A,
proceeds from
The
to
reimburse
District
The
be
of first mortgage sinking fund 3%
1970.
due
and
the
for
bonds,
sold
Rt
a
the sale of these bonds will be
for
parent
the
funds
construction
which
will
premium
be
of
issued
which
previously
its second
used
advanced
in the main
to
Chicago
Joliet-Calumet
been
the
and
will
insurance
companies of 2.90%.
v
On
Feb.
three
during
15,
1950,
insurance
the
year
companies
as
of
Feb.
of
and
construction
these
the
of
progresses.
bonds
remainder
the
second
were
will
purchased
be
sold
Joliet-Calumet
by the
to
them
pipeline
the basis of one class A common
preferred stock purchased.
on
15, more than one-half of the shares were
In
As
addition,
2,960
shares of 6%
preferred
stock and
as
additional
that
If
by
or
one
the
the
sound
will
proceeds
small-loan
be
receivables
used
in
to finance
the company's
the
group
investment firms headed
of
not issued prior to the expiration of
privilege on April 4, 1950. The company
the
all
158,845
privilege of the
expiration of the conversion
the
preferred stock, the several underwriters may offer and
sell common stock either publicly or privately common
stock
The
purchased from the company.
proceeds from the sale of the common stock will be used to
unconverted shares of 3.60%
preferred stock
on
Acril
net
the
redeem
1950.
14,
business
United States engaged on a national scale in the
acquiring instalment obligations, deferred payment obli¬
in
enterprises
gations
comprises instalment financing, insur¬
The company constitutes one of the largest
this company
manufacturing.
and
ance
of
and
the
Accounts and notes receivable held
31, 1949, were approximately $550,343,000, of
automobile lien instalment receivables.
accounts receivable.
by the company on Dec.
which
$285,733,000
were
the
receivables acquired by the
premiums of insurance
of manufacturing sub¬
Consolidated net income was $17,770,717, eoual
the common stock outstanding 011 Dec. 31, 1949.
31,
ended Dec.
year
1949,
gross
company totaled $1,971,773,386, gross insurance
subsidiaries
were
$50,735,007
and net sales
$76,106,064.
share
$9.16 per
on
'
of the redemption of the preferred stock there will
outstanding 2,278,973 shares of common stock and funded debt of
Upon completion
be
171, p. 947.
$174,500,000.—V.
Services
proceeds
company
small
at
loans,
from
a
the sale of
rate
then
faster
such
existing
corporation,
Commonwealth
Washington
been
opened
Southern
&
by
this
company,
of
New
York,
Corp.
Granville II. Bcurne, President.
Court Building,
1025
Connecticut
D.
6,
C.—V.
Commonwealth
170,
p.
to
is
1912.
Southern
&
successor
according
located An
Avenue,
N. W.»
It
by
Stoneleigh
The
has
office
Washington
The
announcement
to The
successor
announced the establishment of
York, has
New
Corp.
To Sell Central
—
Illinois Light Stock—
The
sell
corporation
its
remaining
Commonwealth
March
on
10
stock interest
of
from time
of
its
intention
Illinois
Light
Central
the
to
SEC
the
Central
shares
7,314
owns
to sell such stock
notilied
in
to
Illinois
time during
a
Co.
stock, and
three months*
period commencing March 20 on the New York Stock Exchange, or off
the Exchange to non-aff'liated purchasers.
distributed
Commonwealth
stock
common
SEC
last
order
October
to
792,686
shares
holders
10
dispose
of
the
of
Its
of the Central Illinois
preferred stock, and is
cf
balance
the
shares.—V.
170.
1392.
offices
the securities should be received
than the fundsrcan be placed in
will be temporarily employed to
funds
Dept., Etc.—
Inc.—New
Commonwealth & Southern Corp.
an Industrial Rela¬
tions
Department to serve clients in matters of employee relations,
employee communications, personnel administration, management and.
employee training, and labor relations.This
of
acquisition
Spring, Md., and Takoma Park, Md., also in such additional
offices as the company may establish.
It is contemplated
additional ofiice will be opened during the first half of 1950.
net
Purchase
divi¬
outstanding shares of its 3.60%
cumulative preferred stock, each share of which is con¬
vertible into 1% shares of common stock.
Prior to and
p.
PROCEEDS—Net
Silver
to
are
the conversion
under
third each year.
of
Co.—Underwriters
Credit
Stock—A
Preferred
proposes
8,420 shares of class A common stock were offered at par
to stockholders under three year warrants expiring one-
in
two
by The First Boston Corp. and Kidder, Peabody & Co.
have severally agreed, subject to certain conditions, to
purchase such of the 277,978 shares of common stock
still
available.
office
$2,800,000
was
This
share
for each two shares of 6%
pipeline.
in instalments, have
result In a yield to
will
bonds,
offering
of
Francisco Society
being priced at par and the latter at $15 per share.
Chicago District Pipeline Co.—Places Loans Privately
—Early in February, this company, a subsidiary of
Peoples Gas Light & Coke Co., entered into agreements
with three insurance companies for the sale of a total
Spend
York Life Insurance
to New
Commonwealth
19^7
$25,607,473
($8,500,000
Commercial
to
$26,874,105
proceeds from the sale of $10,000,000
Dillon, Read & Co., Inc., to
through
sidiaries
YEAR
3.164 460
railway
oper.
171,
FIRST
Co.—To
2.80% first mortgage
life insurance com¬
Co. and the remainder
to Union Central
Life Insurance Co. of Cincinnati)
will be used to
finance
part of the company's $45,000,000 expansion program over
the next three years.
The balance of the 1950 program is expected
to be financed under the company's $15,000,000 loan agreement with a
group of
six banks, extending through Jan. 31,
1952, plus retained
earnings and cash reserves.—V. 171, p. 1047.
A
RESULTS
6hio Electric
Southern
&
$25,000,000 in 1950 for New Construction—
to
ol
for
or
for
1042.
58,000
Citizens Utilities Co.—1949 Earnings Increased
The
pay
Spokane, Wasn.
For
shares
employees.—V,
by
cent), to be offered
The proceeds are to
exploration and development work at metaline
The company's office is located at 502 Hyde Bldg.,
share
The business of
at $28
Offered
Co.—Stock
New
stock
common
be
price
April
additional
An
letter of notification with the SEC
a
shares of capital stock (par 1
directly by the company.
per
to
filed
Feb. 28
on
400,000
cents
25
'
company
common
shares
before
20%,
sale
certificates, which are issued under
the
Philadelphia
Plan,
will be used to provide for new standardgauge railroad eouipment estimated
to cost approximately $6,374,144,
consisting of 7 Diesel electric locomotives, 18 passenger coaches, 20
sleeping cars and 1 parlor cai\ .' '"
Other
each
of
subscription
&
99.13.
the
par value I11 1949 and of $2.50
accrued interest.
SAlter reserve
Electric
&
Bank
City
of
agent
shares
498,666
for
Gas
National
The
scription
and'Salomon
99.1432;
637,284,369 541,406,396
'
's
Chesapeake & Ohio Ry.—Equipment Trust Certificates
Offered—An
at
dends
etc., of $79,592,857 in 1949 and $63,658,269 in 1948.
11 After deducting $82,839,600 tax savings notes in 1949 and $55,104,000
in 1948—V. 170, p. 2434.
.
Brothers
company
covering
depreciation,
Cincinnati
Holding
11,533,787
__
shares of $25
by
1948.
the
of
Columbia Lead & Zinc Mining Co.—Files With SEC—
The
after
"Represented
standards
applicable
the
meet
217,556,600
—
ap¬
171, p. 848.
25,612,102
21,755,660
31,242,655
share
would
7,940,772
253,663,582 331,738,658
income
$100 of
per
September,
or
stock
Company Act.—V.
31.633,940
—
Total
stockholder
assuming
even
—
etc
taxes,
taxes
surplus
the
that,
out
has called for redemption at $105.50 per share and
surplus
stock
pointed
915,009
Earned
"Capital
stockholders.
common
1,199,076
Capital
full.
stockholder
seek
to
1
subsidiaries
insurance,
TIFederal
125,290,399 118,608,526
payrolls
and
Columbia
to amend its charter so as to permit the
stock for cash without offering such shares
present
(par $10)
Accounts
1695.
p.
637,284,369 541,406,396
-
payable
1,100,000 shares
$6 par
shares of common stock.' class A
canceled
rates
original
outstanding
now
Total
Accounts
ccroisting of
issued
be
distributed
be
to
bonds
bonds
of
payment
stock
new
and
common
Reclassificat'n
Common Stock Not Issued in Conversion of Called 3.60%
708,341
1,424,086
127,454,356 149,673,054
5,565,994
4,793,612
and equipment
taxes, etc
plant
own
the
of
preferred
2,358,685
585,371
2,358,685
882,188
not
owned
^Property,
sub-holding
Co.,
further provides for the creation of
plan
subs,
domestic
to
Prepaid insurance,
Unn*-
Central
of
wholly
advances
and
class A
proposals, the company cannot issue and sell
preferred stock in
the future unless it files a further declaration
with
respect thereto and
th^ Commission permits same to become
effective.
Accordingly,
although
expressing
the
belief
that
it
is
desirable that the company be in a position to issue preferred stock
"if
such
issuance
becomes
necessary,"
the Commission
specifically
reserved for future consideration the question whether the issuance of
LIABILITIES—
amended
shares
in
Invest,
(2)
Central Public of Consolidated will pay
in
full on
or
before Sept.
20,
1950. Consolidated's promissory note
held
by The Chase National Bank of the City of New York in the
original face amount of $3,500.000—and, if necessary, the sale of
sufficient
.i
*.
Belgium)—at cost
Sundry investments and miscell. accounts (net)
and
otherwise of Consolidated Electric &
Gas Co.,
the only remaining public utility
system operating in continental United States.
the
reserve)
wholly-owned foreign subs. (Can¬
in
England
ada,
^metric
Indiana
Under
(less
Investments
&
uas
of
receivable
Accounts
or
liquidation through merger
Gas
cancelled
securities—
(less reserves)—
marketable
^Short-term
Inventories
for
The
157,532,124
99,334,259
165,400,164 102.958,081
38,010,763
38.960.88i
139,371,754 141,317,867
—
$378,750
cumulative
and 5,000 shares of
171, p. 555.
share),
per
authorized
also
common
Commission
panies
1948
1949
Cash
recapitalization
($10
par
proposal
a
of
its
to
The
proval
bonds
S
Utility Corp.—Files New Plan—
of
sale
The
sub¬
ASSETS—
Central Public
at
to
$228,750
from
10,000 additional shares of the 6%
(par $10), at $15 per share.—V.
Commission
The
66,253,122
8,010,263
plan
as
company
approval
first
87,434,770
-
profit
for bonus and
Interest and bank
Net
stock
capital,
initial
capital
the
increase
to
the issuance of
stock
$114,950
from
of non-negotiable
the
in
has received SEC authorization to solicit stockholder
approval of a proposal to amend its charter so as to reclassify and
change
500,000 shares of
unissued
common
stock (no par) into
500,000 shares of unissued preferred stock, $50 par.
The proposal is
to be voted upon by the stockholders' meeting April 27.
The
public
vertising, service, and general
"Provision
Cash
voted
also
capital
cost,
shares
Columbia Gas System, Inc.—To Vote on
4.342,958
965,533
Admin., engineering, selling, ad¬
946.
p.
$
1,367,935,248
19,444,233
depreciation
sidiaries
sub¬
supplemental
on
171,
$
without
of
terminated.
right is
was
common
1,772,384,951 1,336,154,340 1,164,544,165
for
Provision
Federal
the
time
the
increase
to
issuance,
holders
1947
2,100,700,704 1,577.251,842
—
sales
of
the
to
warrants
1,362,626,751
income
Total
Cost
to $228,750
stock purchase
amended, in
the following number and
amounts: 8,420 shares of class A common
at
par
($10 per
share), totaling $84,200, and 2,960 shares of 6%
cumulative preferred at par ($10), totaling $29,600.
The said warrants
provide fof forfeiture of one-third of such rights at the end of each,
year from date of issue,
until the end of the third year, at which
voted
also
was
enable
preferred
1948
$
Interest
value price.
It
to
It
from subsidiaries
Divs. received
10,590
stock
by
the
of
for
authorized
initially
the
increase
to enable
YEARS
2,084,602,547 1,567,933,360
13,430,524
7,882,253
and miscell. income—
2,667,633
1.436.229
Net sales
all
full
subscriptions
the
were
Mopar
wholly-owned United States subsidiaries)
all
subscriptions
Total
allotted in
be
CALENDAR
FOR
1949
devaluation).
remaining these subscribers will receive only
allotment
No
a
its
that
oversubscribed.
Stock
Supplemental
warrants.
on
alloted
of
view
announced
14
heavily
wss
shares.
23,008
were
scriptions
will
March
on
stockholders
to
26, 1950
capital from $108,650 to
additional shares of the class A
6% cumulative preferred stock,
to be issued on the same basis as the stock authorized for the initial
investors; namely, two shares of the class A common at the $10 par
value price, to one share of the G%
cumulative preferred at the $10
to
CAPITALIZATION—The stockholders on Jan.
IN
CHANGES
the amount of $2,084,602,547 for the year.
to
CONSOLIDATED
805
Central Ohio Light & Power Co.—Stock Sold—
shares
sales
with
together
parts
and
accessories,
Airtemp heating, cooling
and
refrigerating
units, Chrysler marine and industrial engines and Oilite and Cyelewcld
NOTE—Dividends
received
Canadian
and
vehicles,
produced
the directors
of
proposal
a
330,846
rights.—V.
domestically
States
1,
shares of common stock and $1,500,000 in cash to
Dr.
Camille Dreyfus, Chairman,
and the estate of his brother, the
late Dr. Henry Dreyfus, in exchange for the surrender of their rights
under a contract entered into with the company in 1918.
In 1941, shareholders of the company approved a provision in
the
charter authorizing the issuance of common stock of the corporation
issue
to
States
1,330,938
formulating
come,
scheduled
April
until
is
company
United
Combined
the year.
vehicles.
during
made for the
been
has
offices in
two
with
had grown to $214,729,
1949 the company's resources
operation.
E<y Dec. 31,
ager.
par
corporation's sales for 1949, both in dollars and units, estab¬
a
new
all-time record.
United States plants sold 1,267,470
Plymouth, Dodge, DeSoto and Chrysler passenger cars and Dodge
trucks.
In addition 63,468 Canadian-built cars and trucks were sold
The
number
like
a
Established New Ail-Time High
1949—K. T. Keller, Presi¬
—
lished
of shares of $4.75 series first preferred
The latter issue is outstanding in the amount of 420,000 shares
of
retirement
Corp.
dent, on March 2 said in part:
United
stockholders
The
of
1949 with an
capitalization of $108,650 to engage in the small loan business.
qualified to do business in Maryland on March 16, 1949. It
founded by Mr. Frank B. Bush, Its President and General Man¬
was
voted
Record Sales and Earnings in
Capital stock.*
$5
seven
947.
Suburban
National Bank,
$114,950 to enable the Issuance of 420
common
stock and 210 shares of the
7,000,000
$7,000,000
operations; one
800-hp. units to
switching
and
service
p.
to
1952
1958
and
road
$43,930,000
15,000,000
*
•
mtge. bonds,
First
1,500-hp. units for
2,250-hp. engine lor passenger
be used in switching.—V. 171,
locomotives
Outstanding
Authorized
First
President, said the
making the announcement, J. D. Farrington,
would be assigned as follows: 12
In
new
EFFECT
GIVING
indebtedness of $100,000 in short-term
National Bank, Silver Spring, Md.,
Washington, D. C.
existing
an
with
notes
initial
was
(Continued from page 2)
CAPITALIZATION,
retire
or
Hamilton
CORPORATION—Incorporated in Delaware on March 7,
directtys.
the
by
13
March
announced
were
the
curtail
renewable
and
complete Dieselizatlon
eventual
toward
steps
Lines
Island
1950
Monday, March 20,
CHRONICLE
Connecticut Power Co.—Partial Redemption—
have
There
account
3%%
be
of
made
Street,
been
the
series
at
A
called
sinking
bonds
the
Hartford,
redemption
for
fund
due
$25,000 of
at 102%
1965,
Hartford
National
Conn.—V. 170, p.
on
first
Bank
14C3.
April
and
1, next, for the
general mortgage
interest.
Payment will
& Trust Co., 777 Main
and
Volume 171
Number 4891,
Consolidated Edison
THE
revenues
income
tax
(estimated)—
■'
Net
15,850,000
——
—V.
ing
promissory
v
redemption
premiums
In
March H
received
SEC
authorization
their
•
In
issue
to
in
$14,000,000 of 2%
,
writing
involved..1'
The
producing
new
corporation's
office
■;.
royalties.".. No
is
located
in
,«'/
:
AvV^V
;<■
to
are
>gp/jt<Hthe
■
.
during dire
last
week
selling%tockhoidersA-V.
;
p.
171,
p.' 1047.
,,
the
for
-*•'■'
operating
average
year
to
about
110,000
approximately
•
'
,as,
1.71,
1948..
.plahtj^.and
4-
1047.'r
p.
are
-
bonds
of
part
at
the
dated
are
,an
option
Nov; 1,
authorized,
1949,
issue
of
the, corporation
of
and
mature
$1,000,000
in
whole
Nov. .1,
and>are
in
or
1969.
part
return
The
30
carried
OF
CONSOLIDATED
will
termination
its
net
the
of
each
income
with
of
COMMON
at
of
of
for
of
$2.25
per
share
$3.00
per
share
$3.50
In
being
issued
to, the
pating
in
a
the
used
-
.
?
y
bonus
taxes"
Operating
.
(net)__.————_—*
common stock
.
Income, from .investment
>'■
controlled
in
paniesnbt,wholly..owned——
.Miscellaneousjother
Total
Prov.
4,905,855
for'Federal
Other
taxes
other
on
operating
.
other
and
income.
stock
common
""District
and
1
shares
<excl.
"
—
*44,799,182
*$4.52
on
before
or
31,
1953,
underwriters
pursuant
which
of
to
the
amount
Certain
split
which
157,445,622
<
t
became
part
of
the
offered
late
Dec. 31,
June
31
and
shares
to
are
the'"
in
•
Motors
over
of
in-
..
Corp.—1——_
value
par
stock
Total
:
—2„:
ai
Six
directors
new
d
$250,000
of
which
$4.50
elected
were
series
Common
5,732,480
25
10 to
stockholders
by
15 members..
on
Russell
March
9
thus
"
^
ASSETS—
BALANCE
SHEET,
v'./
D.
reelection
to
the
Feb.
:
eight
of
K.
were
A.
F.
In
addition
to
the
six
directors
new
and
W.
D.
Plants
and
1948
—
$
48,000,118
71,298,924
in
i
——
General
Total;.
866,483,966
.
809,025,297
1
—
order
giving interested
to
13,498,439
18,419,156
40,420,923
40,616,554
..
such
;
shares
its, stabilization
shares which may be
mum
in
Proceeds
of
the
of
its
outstanding
activities
(23,252
acquired).
so
financing
will
be
used
stock
shares
for
as
being
Class
Corp.
funds held
Reserves
Reserves
33,464,709
for
:
■
24,832,539
of
11,370,963
construction
and
4,770,446
27,575,717
444,097,418
20,900,000
-
28,028,145
396,000,597
20,900,000
31,253,527
costs
contingencies
-
31,327,736
168,885,000
■
There
the
have
been
outstanding
3^2%,
will
be
Y.,
due
Sept;
I,
made at the
.or
called
general
1966,
p.
redemption on May. -15, 1950*-all
refunding mortgage bonds,
series
at: 104 Vfe,
Bankers Trust
at National
26, Mich.—V. 171,
for
and
Bank
of
1047.
and
Co.,
Detroit,
interest.
16
660
Wall
Immediate
Avenue,
G
payment
Street, New York
Woodward
The
of
15,
Detroit
par
.
Power
company
The
natural
on
gas
171, p. 948.
point south
service
to
of Knoxville
estimated
the
markets
to
513,212,901
of
and
natural
gas
per
of
Philadelphia,
effective Jan.
policyholders protection increased
a record high of $17,558,497.
written
by
with
compared
1949.—V.
170,
p.
the
1
1950.
1,
than
more
40%
a
dur¬
"...
during
company
$20,036,072
1949
earlier,
year
■
amounted
while
to
net
rose
$5,264,120,
areas
would
extending
provide
from
Oak
with $811,450
compared
2436.
'
-
'
•
1950-:-Month—1949
General Bottlers,
earnings
for 1949
with
a
•
-
*
-
Lower—
1950—2 Mos.—1949
$7,698,512 $13,856,872
$15,146,499
>
'
'
Inc.—Earnings Show Gain—
was
$100,445,
or
cents per share,
26
compared
$4,058,392.
The
net
loss
of
operate
165,
of
p.
$8,272
in
closed
has
unionization
at
Sales
3948.
were
$4,147,518,
compared
•
corporation
account
V.
a
profit.
its
Springfield
efforts
The
which
plants
and
would
are
Joplin,
not
being
111.,
permit
offered
plants
the units
for
sale.—
2000.
General Crude Oil Co.—Stock Increased—
The stockholders have approved an increase in the authorized capital
from 1,500,000 shares to 2,000,000 shares it was announced on
March ,10.
day
139 miles of pipeline ex¬
Bristol, -Tenn.
^
to
cost
Stock—
to
$7,270,324
Net
March 10 filed an application with the Federal
proposing to increase the delivery capacity of its
facilities,
,
share
.per
This is part of an initial series of 2;000 shares.
stockholders had authorized 40,000 shares ol
Period End. Feb. 28—
'
Co.—Proposed Extension—
by 40,000,000 cubic feet
construction- of approximately
a
cents
—V. 171, p. 751.
223,166,800
623,741,583
—
system
proposed
50
December, 1949.—V. 171, p., 695.
below.—V.
Sales
on
Commission
..through the
pending from
of
Gamble-Skogmo, Inc.-<nFebruary Sales 5.5%
-
1,748,679,573 1,585,346;016
pipeline
distribution
$100.—V. 168, p. 2225.
Association
year
to
.
share
per
from $999,871 to $1,082,623
,
751.
East Tennessee Natural Gas
/
cents
15
1949, three quarterly
dividend of 42 cents were
as
168,885,000
100,000,000
224,168,140
„
Total
Detroit Edison Co.—Calls Series G Bonds—
to
In
1950.
•
—-—:—
171, P.
cents
10
15,
year-end
A
realized profits in
1948, (the
with
-V.
and a
income.
.
;
Surplus
171
each
cents
premiums
during
maxi¬
construction.—V
from
March
record
'
100,000,000
stock
increased
dividend from investment income, payable March
of
during 1948 and net-investment income
11,967,797
8,356,825
certain
series
$3.50
.
?
underwriting profit increased to $2,513,443,
one
!
—^—-
(exclusive
series
Common
-
(par $100).
2,
$21,302,234
23,693,274
Preferred stock:
$4.50
cents were
the company filed a letter of notification with the SE,C
$100,000 of long-term series B 6% 5-year notes, the proceeds
Fire
Net
2,873,299
in cash—payable beyond
excessive
50
to reduce bank loans and provide capital for loan business.
involved.
The company's office is located at the
Rapids National Bank Bldg., Grand Rapids, Mich.-1 ■ •. * '•*
r
ing the
•
(net)^
liabilities—
insurance
10
Surplus for
33,749,655
26,764,366
30,033,152
-
by trustee of pension trusts
depreciation and obsolescence
for
year-end dividend of
dis¬
resources
of this Association reached a record high
of $45,at the er.d of 1949, as compared with $37,841,208 the year
previous, according to its 132nd annual statement.
Figures reported
do not give effect to the consolidation of the three affiliated com¬
panies with total net resources of $12,604,639,
which were merged
with
pensions
the
March .25
quarterly
015,355
1047.
p.
N.
for
and a
share
per
payable
three
Total
:
-—*—■
cents
Fire Association of Philadelphia—Resources at Record
5*483,897
251,500,000
1,748,679,573 1,585,346,016
income
25
1949,
underwriting
Grand
(10,-.
"B" bonus fund—unawarded balance-
Reserves for
"
'
awarded
Provision
be
may
the
accrued
year
financing proposal of this
proposes
underwriters
the
acquired
*
be used
18,407,630
6,761,217
—
stock)
——^_i——
on
Bonus
persons until March 27
subscription price, underwriting and other terms will be deter¬
by competitive bidding. -The company also proposes to sell to
-
taxes
-
each
investment
Dec.
covering
No
:
——
Other
to issue and sell 232,520 shares of its $13.50
par common stock, to be offered for subscription
by stockholders of
record April 5 in accordance with their
preemptive rights, at the rate
of one new share for each six shares
held.
Subject to such rights,
the stock will also be offered to
employees of the company and its
subsidiaries.
The balance, if any, will be sold to
underwriters.
The
to
In
1048.
Philadelphia Co.
'
payable:
Trade
Co.—Hearing March 27—
to request a hearing upon the common stock
mined
20
15.
On; March 2,
343,500,000
—
Motors
common
—__—
-Miscellaneous
company.
company
from
March
Fidelity Corp. of Michigan—Files With SEC—
6,491,615
157,124,168
LIABILITIES—
Accounts
of
made from
On
of
trademarks, etc.——i.
000,000' shares
.
Federal
Delaware Power & Light
The
increased
record
of
72,922,813
5,276,735
:
excess
investment
and
Goodwill, patents,
charges
Investment
Dayton Power & Light Co.—Definitive Bonds
Ready—
an
have
trustees
ferred stock
122,275,485
—
not in
properties .(at- approximate cost)
companies not wholly
Deferred
The Irving Trust Co., l Wall
St., New York, N. Y„ is prepared to
exchange definitive first mortgage bonds, 3% series
A, due 1978
for
the outstanding
temporary bonds.—V. 170, p. 1696.
The SEC has issued
P. Nelljgan has been elected President,and General. Manager
Gelatine Corp., Peabody, Mass., to succeed John -P.
company
.t
-
of interlocking directorates, and relationships between
Koppers.—V. 171, p. 848.
preferred stock,
-
securities
,
According to the annual report for the year ended Sept. 30, 1949, the
during the year sold 1,542 shares of its 5% cumulative pre¬
k
23,216,990
Other
company's directors were reelected to the board.
These
Bailey, jB. B. Gossett, A. B. Carrington, Jr., R. B.
Newton,
James I. Pritchett, Jr., Frank
Talbott, Jr., and L. R.
171, p. 848.
■
1949
Securities of- controlled
Overbey,
-T
reserve
*
•
Federal Machine & Welder Co.—Sells Pfd.
139,348,385
Patton,
Wyatt.—V.
less
Trade,
the
suggestions of
*
Equitable Gas Co.—Underwriting Group Selected—
31
71,725,031
;—-
Miscellaneous
the
L.
——_;
Inventories (aLcost or less,
Overbey,
16.
to this and other
to conform
,,
to shareholders
was
;
Accounts and notes receivable:
who resigned,from the board-last summer to make
room for Russell B. Newton,
President, was reelected, to fill the, vacancy
created
by the death of George S. Harris, Chairman, who died on
-
DEC.
$
board.
that
3,500,000
162,228,246
Brow.der, ,A. B. Emmert, and W. W. Lufkin, Jr.
Also elected were
Burtis O. Cone, manufacturer; Thomas J.
Michie, attorney; and A. Alex
Shuford, textile manufacturer.
Mr. ccne replaces D. Van
Wagencn,
con-
In
Eastman
paid' from
-
Marketable' securities
•
623,741,583 513,212,901
year.
'
3.
a proposed 73.8%-26.2% .alloca¬
stock
among
holders of
Eastern's. 6.%
stock, and indicated that ap 87%-13%
and
equitable.
The plan thereupon
was
fair
be
,
,
152,304*689 108,720,616
—
CONSOLIDATED
<■
B..Newton, Presi¬
D.
W.
would
by Eastern
dividends
r
7,599,825
3,500,000
—
dividends—
Surplus at end of
!
Feb.
common
The tnistees
have
T the regular
quarterly
V*
7,599,825
2.
stock
last
Eaton & Howard Stock Fund—Increases Dividend—
;
787,146,097 633,033,342
.
stand for
amended by Eastern to
issued
decision
common
and
paid.—V, 171, p.
■,
.
series
$3.50
principal amount originally
$10,700 were issued
as ; of
Treasurer of. Dan River Mills, Inc., presided at the
meeting
was attended by,
approximately, 115 stockholders. < ...
••
Newly elected Dan River directors are company Vice-Presidents Basil
not
;
recently
SEC
an
tributions of 20 cents
32,500,000
8,261,055
which
did
approval and enforcement of the plan
C. Sweeney had scheduled the matter
.
'
—:
and
who
George
of
new
shareholders
See
increasing the board from
Boston for
Judge
stock
and
the
to
35,828
of
;
—
;
..
52,000,000
to employees
issued
—
Preferred stock dividends:
purposes.
tho-
soon .as
Amended Plan of Recapitalization—.
regular quarterly dividend from investment income,
437,355,240
157,445,622
213,672,141
——
from .revaluation
Bonus Plan—!
under the
as
Eaton & Howard Balanced Fund—Dividend Increased
1949
of year————2 513,212,901
year——
General
13
"/
termination
The
1949
partici¬
,
other, corporate
the
Excess .of. issue .price
shares of. .common
propose
dealers
bonds.'
for
for
vestment, in
2,390
provision
a
income
Adjustment- resulting
March
on
full-
up
make
to
Newbury, who died Feb.. 2.—V. 171, p. 463.
:
SURPLUS
.
Surplus at -beginning
Net
intention
ha»'
at
Eastern Kodak Co.—New President of Unit—
company!s equity in profits of controlled companies
wholly owned) exceeded the dividends received from such com¬
panies by $2,264,090 in 1949 and $1,740,152 in 1948.
*
'
/
•
dent
their
is
1952,
.
15,
,'-•■$
1953;
Dan River Mills, Inc.—Directorate Increased—
.
;
terms
thp
■
Henry
1
1949.—V; 170, p. 2435.
year
the
Eastern
*13.12
effective
•
are
the
NOTE—DuPont
,
last
it
1,
.....
Among other things, the amended plan includes "provisions for the
nomination by -the holders of new common stock except Rappers Co.,
Inc., parent,
and the election by all holders of such stock of an
initial board of trustees of Eastern."
The Commission had required
of
:
or'before
on
underwriters
warrants
of
Dec.
and
for
warrants
portion of said
distribution of this issue
bonds
to
allocation
1949. •/; (
STATEMENT OF CONSOLIDATED
;
to July
again, operating
are
11,152,151
of com. stk..*
mines
that
May .2, 1950.
recapitalization plan was
-.Commission...
during
treasury).
four-for-one 'stock
the
on
decision, "the Commission disapproved
(not
;
Chief
preferred
v
146,345,797
outstdg.
in
agreement extending
preferred stock passed,
: ;
\
6%
in
Coprt
that
form
..
period
accumulations
for hearing on
48,829,801
202,572,316
leaving
1950,
for
.(11,099,825
—
stock——.
applicable to common stock
of
,
the
SEC Approves
*•
3,950,000
213,672,141
11,099,825
21,
time
The SEC on March 13 announced its approval of the amended, .plan
recapitalization of this association.
The Commission also announced that it had applied to the TT. B.
/V
•
Balance
Shares
permit."-
1
3,503,971
,
79,786,868
——
preferred
on
on,
tion ' of
6,050,000
1,
company's
announced
earnings
52,779,801
income—
Jan.
labor
mine
a
and:-the
trustees'
amended
(net)_
income
85,836,868
this
at
31; 1948, was Insufficient for declaration of the^
cumulative preferred in view of the limitation in
6%
dividend
4,275,830
"
——
dividend
;
that
signed
The
V
931,013
the
on
■
45,000,000
*
income—
othersvincome___-—
.
of $1.50 was made on
"'The
com-
—_—
March
»
the usual
declare
to
cumulative
&%
"Now
108,615.821
„
of record
'
unable
wore
preferred stock of $35.50 per share.
been
77,192,478
80,000,000
shareholders
■'
'
trustees
capacity, It is expected earnings will improve.
61,890,274
133,885,273
to pay on April 1, 1950, the regular
share oa the 4Vn% prior preference
per
payable to
accumulated since Dec.
$
18,415,492
88,200,000
Geii.,Motors Corp.
Divs. from1
dividend
the indenture.
9,095,358
—-/
23,443,839
1' / 110,730,000
operating income-
on
income
Stock—\
The company said:
"Earnings have been severely affected by unprecendented work stoppages at the mines which occurred during a large part 6f -1949 anc^
continued until the general resumption of mining on March 6.
Alter
provision for the April 1 prior preference dividend
earned surplus
L
977,826,373
623,512,308
(credited, to fund)—
!
the
6%
194.8:
——
is
ment
'
968,731,015
r
voted
$1.12Va
This
dividend
.,
March 13
on
6% Pfd.
on
preferred stock because of a. limitation in the
Association's bond indenture which permits payment of dividends only
from earned surplus accumulated after Dec. 31, 1948. A. quarterly pay-
YEARS
$
-
trustees
April 1 Dividend
on
.
PURPOSE—To expand, operations
These
"B"
-•>After
by
thb-"'
$24,29
on
for
1,031,979,405
607,376,251
Z—• 84,063,575
72,480,467
—
etc;_'_T-.__
Amount applicable to each sh.
5% .of
to
be
$1.96
The
;
7,204/125
adjpiri.;. expensesobsoie^cence-—
and
and
stock
31, 1951, and
time after Dec.
agreement*
distribute
Class
to
stock, purchase
common
shall
determine.
may
-
addition
equal
sum
which
the
$9,080,294
1950.
.
Selling, gen.
Depreciation
cor¬
afteir
1,108,727
$731,929
or
investment
1,024,775,280
—_
*
of goods .sold,
COst
Net
WARRANTS—The
them
Dec.
any
days
outstanding bonds or for
the principal amount thereof
1-954.
underwriting
to
after
share
per
a
60
corporation
has
purchase warrants" to purbuy in ratio of 40 shares ; of
$1,000 principal
amount
of
bonds, ; at; a
any time on or
before Dec. 31,
1951;;£ at
each
price
year
directors
"common
entitling
(
within
period,
of
than
the
as
PURCHASE
issue
bonds,
stock
at
fiscal
more
or
common
Dec. 31,
each
fund
redemption
not
interest,
the
of
half
STOCK
authorized
chasers
sinking
a
the
for
bonds
accrued
in
for, such^.preceding
corporation
purchase
The
deposit
1,108,727
The
more
r
CALENDAR
prior pref.
quarterly dividend of
The return in 1940
FOR
$1,840,656. $10,197,021
-
.
on
stock..
on'the
INCOME
—
•
9%
or
income
.'No Action
lines
$134,000,000,
were
the operating
on
'2;_——
Dividends
following prices with accrued interest.
On
or
before f
at 104; thereafter, to and
including Dec, 31, 1951,, at.
103; thereafter, to and including Dec.
31, 1952, at>102; thereafter, *
to and
including Dec. 31, 1953, at 101; thereafter at 100.
poration
*
stock
1
increased
r
days'
at the
31, 1950,
Dec;
...
-———
Ealance applicable to 6%
preferred stock-—
Earned per share of 6% preferred stock
President' of
properties, are
•J-'.Total
redeemable'
upon
notice,
They
Net
Dividend reauirem'ts
(tncliiding'- Wholly-Owned Subsidiary Companies),
Federal
Credit Acceptance Corp.,
Rochester, N. Y.—Bonds Of-!
fered—CAC Associates, Inc., and R. M.
Horner & Co. on...
March 8
publicly offered- $239,000 of 5% debenture bonds
(with purchase warrants attached) at 95 and interest.
The
depletion
debt discount--
194.9?
$10,598,313 $23,372*463
789,137
5,720,953
5,747,744
5,613,173
2,220,7761,841,310
*
*—
taxes.
than
,
1949
1',./
American Investment Fund, Inc., below;—V.
'
from
$1,272,000,000.
was
operations last year
•
Counselors Investment Fund, Inc.—New
Name, etc.— C
Pan
larger
■
types - of laboratory destruction
tests.
Through unique,operating, principles," the
device, known as the Cooper.-Bessemer,
Intensifier.- AVill now; provide., complete safety, in field and ?•'.
laboratory testing, operations where explosive atmospheres are involved.
See
1950
income
and
Interest and
.
fen/many
-*• V.x-
v,
chiefly
Other,operating vey.enues-'-—
—V.!171, P.',751.
consolidated
Depreciation
stockholders,
6%
$1,024,775,280.
were
investment
Profits from
im 1948.
STATEMENT
developing
well
Associates—Earnings Statement—
Ended Feb. 28-—
Provision for income
the.."company, pointed out
books substantially' at
cootv-anfedeclared, ("If- operating -investment were stated at estimated
replacement costs,' the.(return on investment for the postwar years
would" 'o'e - substantially..'less;'?•
'
'
proceeds >
:
mailed
volume
.
as
12 Months
lead,
that
extremely high, pressures-.; required,. for afield j;
of (boilers, ..piping
systems, tanks and similar high pressure
vessels,
Eastern Gas & Fuel
by
year:
Roughly half of the increase was
volume of. goods sold and half to higher
i" Crawford', fi.' Greenewalt,
Wilson;
\
sales
a
'J:.
testing
cover¬
price
,
said.
■■■■■
Sales
■Net*
for
SEC
market
the
J 949; was
;^0.5^?: compared 1 with 9.3% in 1948.
r.was;\
'■" '' >•"
The
•<'W'',->"4''
device
the
with
at
948.,
The,larger volume, of goods produced resulted
2^ ';mbre'vi;lvan
1
v-f"'
March;
of
for 1949,
physical
greater
a
The
under->
the
to
than
Co.-^-Offering Expected Soon—
( v1
i
■^©'v,4>f)Cej>injp.-;ofy^pif^5b:;-:4fa:aife!?- of common,stock, by A. G..=Becker .&!•■
Co.- Inc. should
come-
sold
capacity, for nylon textile fibers,
tetra-ethyl
cellophane;' plastics,; and acetate rayon.
Greater sales in. these
than" offset. decreased volumean other, lines, the company
Cook Coffee
■
filed
was
be
171,
manufacturing
:
•
to
more
848.';/
p.
Bldg.,, Dallas, Texas,-Room' 740." '"V-,>
,.
stock
underwriter.—V.
disclosed
sales. prices.
-
stock ,(par $l) ,-to be offered at,$1.50
common
notification
common
194.8,'. the' preyitus^ record
due
,
storagejprograins of the two companies.—V. 171,
covering 150,000 shares of
of
No
its. annual report
the, company
"and;
.
per-share, thei proceeds, tb ,/buy
letter of
a
,
Continental Royalty Co., Dallas, Tex.—Files—
; i
f'
;The-X!6inpany pn^Ejeb. ;27 filed "a letter of notification -with the SEC I
v
1,
shares
Epstein. '
duPont deNemours & Co. (Inc.)—Reports New
Production Record—Sales and Earnings Hit
New Ail-Time High— *'•";
own
gas
March
(E. I.)
promissory notes, .2 % interest, in the respective amounts
of $6,000,000 .and
$8,000,000, ihe proceeds tc be used for .construction
and
Atomic
Energy Commission's Oak Ridge, Tenn., plant.
The com¬
original, application in that proceeding proposed the Bristol
the plan was withdrawn in an amended application
filed before hearings were held.—V. 171, p. 1047.
Peacetime
i-
addition, two subsidiaries, The Peoples Natural Gas Co. and New,
State Natural Gas Corp.,;. would issue and sell to Consolidated ^'
York
the
pany's
Total:
from
848.,
p.
time during 1950,..an aggregate of
to-four, commercial banks. ....
notes
14,395,000
2435.
p.
9,000
Alfred
Consolidated Natural Gas Co.—Bank Loans—
on
16,470,000
$22,732,922 $19,853,354
$29,034,788
subsidiary companies amounting to $826,482.—V..171,,
to
6,070,000
$8,550,943
Drewrys Ltd., U. S. A., Inc.—Files With SEC—
10,759,942
__.r____„_2_______L
''Including dividends, interest land bond
company
170,
On
$39,794,730
Net; income
The
7,517,000
$11,234,472
-
profit'———.—
extension,v but
1,003,284\
—
______
sell, from time
'
•
$38,791,446
Grpss income
Income deductions
.
its taxes*!——
"
7
,
•
44,740,697
—
Operating income
•Nonoperaiing income,.—
after
(1147)
Ridge to Bristol, including Mascot, Jefferson City, Morristown,- John¬
son City, Elizabethtown, Kingsport and Bristol,
all in. Tennessee.
The construction program includes 100 miles of 16-inch line, 21
miles of 6%-inch line, 18 miles of 8%-inch line and a l,400horscpower compressor station.
The company expects to obtain its requirccL
additional gas supply from Tennessee Gas Transmission Co.
East Tennessee last spring was
authorized by FPC to construct a
pipeline for transportation of 60,000,000 cubic feet of gas per day to
Subs.) — Earnings
v 1950—6 Mos.—1949
1950— 3 Mos.—1949
ing charges
Income
32,395,636
29,135,148
'
(&
CHRONICLE
ail operatl1—_—11 $18,751,472 $14,620,943 $39,202,922 $34,248,354
and exc.
prof'••'
1
Profit
V
154)201,866-
Maintenance
Depreciation
Taxes, other than Federal income-—"—
Federal
Period End. Jan; 31—
114,^93
expenses
&. FINANCIAL
^Distillers Corp.-Seagrams Ltd.
Co.; of New York, Inc.—Earns.—
EARNINGS STATEMENT FOR 12 MONTHS ENDED JAN.
31;. 1950
Operating
Operating
COMMERCIAL
stock
'
Thomas
plans for
W.
use
outstanding,
Pew,
of
the
President,
said
additional
stock.
including
9,680
treasury
the
company
There
are
shares.—V.
has
now
151,
no
immediate
1,418,178 share3
p.
3237.
•
8
THE
(1148)
General Electric Co.—Earnings at Record High— ;
company
and its consolidated affiliates earned a net profit
for 1949 Of $125,639,000, or 1.5%
more than
the previous record
earnings of $123,835,000 for 1948, Charles E. Wilson, President, said
in the company's
58th annual report.
"These net earnings were
equivalent to 7.7 cents and to 7.5 cents, respectively, per dollar of total
revenue and were also equivalent to $4.36 and to $4.29, respectively,
-
-
&
COMMERCIAL
•;
FINANCIAL
CONSOLIDATED BALANCE SHEET,. DEC.
,
"
O&Sll
U.
Inventories
Miscellaneous
assets
treasury—
plants, and equipment
Prepaid expenses and deferred charges
777,454,109
14,258,079
stock
in
Goodwill, patents, etc
3.290,100,717 2,957,769,607
crued
United States
2y2%
and foreign
from
Non-operating income
Period End. Feb. 28—
1,632,700,606
38,273,383
1,377,717,908 1,390,285,951
208,540,673
4.901,622
Provision for Federal taxes
Minority
Net
interest
in
:
declared
78,000,000
earnings
earnings
Dividends
income-
on
on
:
of
Motors
These
and
Motdrs
604
with
$4 701-770,340
were
3Ys
times
increase
the
the
the
was
36,064
74,248
5,061
27,603
6,480
39,627
59,969
8,780
13,306
9,027
7,949
17,630
in
part
rate
of
to
$14.64
share.
1949
1949
In
1948
totaled
the
amount
earned
GM
$13.20
per
$1,440,690,450,
the
on
paid or accrued total taxes
per share of common stock.
of
increase
at
Dec.
of
31,
over
net
FOR
$
$
sales———— 5,700,835,141
♦Equity
subs,
tOther
in
earnings
not
(net)
2'/2%
income
18,121,488
and
on 2V2% promissory
Provision for:
*
notes-
real
and
obsolescence
estate,
1955)
bank
gate
Nov.
to
$6
exist
Employees bonus
110,403,263
^
inc.
_
taxes-
dividend
(cum.)
♦The corporation
borrow
the
dated March
holders
24,340,604
48,927,690
360,970,251
13.133,961
29,112,475
Net
on
income
656,434,232
440,447,724
12,928,316
pfd. capital stocks
12,928,315
287,991,373
12,928,310
earned
capital
Average
1
♦Dividends
$6,402,577 in
ceived of
shares
3,401 shs.
427,519,409
275,063,063
43,945,133
43,978,897
44,058,790
and
1948
interest
$14.64
received
$9.72
$6.24
to
$8,303,789
in
$2,205,000
opposite the
1949
-
$
Earned surplus at beginning of the
year
•
Net-income
a
Securities
W.
Baird
Corp.
&
Total
dividends—$3.75
series
.Total common dividends
■Earned surplus
the
supplemental
authorized
1,040,791,446
656,434,232
$
811,117,725
440,447,724
•—
at'end of year.,
Capital surplus at btiuniug and end of year
1,697,225,678 1,251,565,449
9,178,220
9,178,220
3,750,096
3,750,095
351,380,264
197,845,688
1,332,917,098 1,040,791,446
34,850,276
34,850,276
underwriter
proceeds
and interest rate.
The
purposes.—V. 171, p. 1048.
price
Gerber Products
will
used
be
construction,
for
•>'
y
Co.—Registers With SEC—
company on March 10 filed a registration statement with the
covering 140,000 shares of common stcck, $10 par, of which
130,000 shares are to be offered to the public through underwriters
and 10,000 shares will be offered by the company to its employees.
SEC
The
offering
underwriting
and
price
A.
Becker
G.
&
Co.
are
to be supplied by
named as the principal
terms
is
Inc.
The company is engaged in the preparation and sals of "baby food"
products.
It proposes to usej the proceeds of the present financing
"to provide additional physical facilities and to increase its working
capital."—V. 171, p. 949.
:
Glidden Co.—Stock at $28.75 a Share—
An
price
offering
171, p.
of
$28.75
per
offered
has
to
been
?
,
«'
share on 178,538 shares of no
stockholders at the rate of one
the directors.—See
approved by
1048.
Nev.—Files—
with the SEC
the company filed a letter of notification
On March 3,
covering 100,000 shares of common stock, to be offered at par ($1
per share),
the proceeds to be used to acquire mining and milling
for new construction.
BJdg., Las Vegas, Nev.
office
company's
The
and
is
in
tures
stock
made
from
Inc.
25,000
A.
Carroll &
W.
Lee
Richard W.
Cohu
&
Clarke Corp..
Co..
Doolittle
&
Mitchum, Tully & Co
Maynard H. Murch & Co.
Newhard,
Curtis
20,000
25,000
Ferris
20,000
Company.;
of
H.
Harrison
Parsons & Co
Hill
Richards
&
Co.—_
Inc.
Shields & Company
Shuman, Agnew & Co
Sills, Fairman & Harris,
relating
45,000
45,000
20,000
proposal
May
1,
P.
and
of
the
I. M. Simon
& Co
Smith, Barney & Co
20,000
Stein
10,000
60,000
Stix
Avenue
East
at
9th
Street*
Bros.
&
& Boyce
grant
offering),
on
payable
on or before Sept.
March 1,
1950.
from
Williams
10,000
10,000
100,000
35,000
ration the
3
"speculation/"
10,000
shares
of
com¬
the stock offered hereby is sold.
thereunder;
licenses
and
to
develop
new
1,000,000
shares
par
outstanding
$3;
200 shares at par.
from Williams Coalomat
plus interest
1950,
Corp.
Coalomats
are
of
6%
per
annum
•
also agreed to sell to the
(solid fuel carburetors)
installed and in operation,
which it has
and all parts,
corpo¬
on
hand
patterns,
and.
hand for $5,500, payable on or before June 1, 1950.
This processing mill is in a building owned by Red Hot Coal Co..
at its coal mine
near
Culmerville, Pa.
The corporation has leased
this building for one year at a rental of $50 per month beginning
drawings
on
March
1950, and as much longer as the corporation desires.
i,
of the proceeds of any stock will be expended
shares of stock are sold. If less than 15,000 shares
sold, all money received from purchasers will be refunded.
proceeds from the first 15,000 shares of stock sold will
PROCEEDS—None
Offer Stock—
after
The
15,000
are
net
be
applied in purchasing from Williams Coalomat Corp. the processing
at Culmerville for $26,000, its Coalomats on hand, parts, etc. for
$5,500, its office furniture and equipment for $1,000, and the balance
will be used for the other business purposes of the corporation.
stock¬
mill
When
is to be voted upon at the annual meeting to be held
must obtain the favorable vote of the holders of twocompany's outstanding shares entitled to vote.—V. 171,
stock
be
751.
and
will
as
received,
become
applied to the
Holbrook
net
proceeds
of
CONTRACT—The
additional shares ol
corporation and will
corporation
has
entered
into
contract with Graham & Co. in and by which the
to use its best efforts to sell for the account, of
the corporationas exclusive agept, without liability of commitment*
the 99,800 shares, of the coipmon stock of. the corporation now offered.
underwriting
underwriter
Thfs
.
the
the working capital of
the
development of its business.
UNDERWRITING
an
Corp.—^Stone antf Holbrook Dirs.
Whitney Stone, President of Stone & Webster, Inc., and .Luther G.
of T. Mellon & Sons, have been elected directors.—,V. 170,
2129.
'
'
'
" ' '
1,
Coalomat Corporation has
11
of which
until
solicit
purchase
to
to operate its processing mill, from and after March 1, 1950,
and an agreement to purchase the same and all Triturated
hand March 1, 1950 for $26,000, the approximate cost thereof,
Fuel
25,000
to
right
share, if all
PROGRAM—Corporation has secured
45,000
G. H. Walker & Co
authorization
the
free,
45,000
SEC
has
and
present
rent
60,000
60,000
45,000
received
stock at par ($3 per share) as a
the right
10,000
Co
Offered—
March 8 publicly offered 99,800 shares
CAPITALIZATION—Authorized
25,000
Spencer Trask & Co
Tucker, Anthony & Co
Wagenseller & Durst, Inc.
General Reinsurance
p.
Euclid
Co.,
1£9, p. 1495.
for $3.00 per
thereto
(prior to
holder approval of a proposed charter amendment which would permit
the public offering of any of its stock for cash without according
the then existing stockholders prior subscription rights to such stock.
The
for
products and new industrial facilities and manufacture the same.
10,000
Inc.
General Public Utilities Corp.—May
has
1950,
1,
CORPORATION—Organized in December 1949 in Pennsylvania for
purposes of manufacturing and selling Triturated Fuel and facil¬
fcr
the utilization thereof;
to acquire and hold patent rights
20,000
60,000
___
on
underwriter
stock
.of stock
corporation
April
on
ities
171, pp. 948, 848.
This
redemption
$169,000 of 3%% sinking fund deben¬
103'/2
and interest.
.Payment will be-
the
10,000
20,000
60,000
Kayden, stone & Co..:
Hemphill, Noyes, Graham,
at
Cleveland, Trust
1, Ohio.—V.
common
The
mon
Scott, Horner & Mason,
Singer, Deane & Scribner
& Co.
of
35,000
60,000
20,000
Hayden, Miller & Co
the
for
fund
1960,
1,
Heat-0-Matic, Inc., Pittsburgh, Pa.—Stock
Paine, Webber, Jackson &
10,000
&
Cook & Co.
Piper, Jaffray & Hopwood
10,000
First Securities Co.
Miller & Co
Merrill, Turben & Co
20,000
10,000
20,000
Co.__
sinking
Graham & Co.
60,000
Higginson Corp
Mead,
20,000
Co.—
at
45,000
M. Kidder & Co
45,000
25,000
Co.
(Inc.)
the
Oct.
Cleveland
No. of Shs.
Johnson, Lane, Space &
Co., Inc.
10,000
Harden.
due
called
been
have
of
account
tThe stock¬
common
25,000
&
>
Harris-Sey bold Co.—Partial RedemptionThere
1950
agreement
underwriter:
name of each
Co.,
:
Weeks
thirds
Preferred dividend —$5 series
Preferred
under
the
145,000
William Blair & Co
1949,
1948
on March 3 filed a registration
statement with th®
$15,000,000 of 30-year first mortgage bonds due 1980*..
is to be decided by competitive bidding, along with
company
covering
The
shares.
Securi¬
__
Inc.
Baker,
$7,401,813 in 1947.
tlncluding dividends re¬
$5,248,812 in 1949, $4,642,335 in 1948 and $5,610,948 in 1947.
;
excess
Georgia Power Co.—Registers With SEC—
The
SEC
2,202,901 shs.
2,500,000 Shs.
and
SUMMARY OF CONSOLIDATED SURPLUS FOR CALENDAR YEARS
$4.62
profits taxes
of prior years—$20,100 for
1948 and $230,474 for 1947.
tBased on
402,607 common shares, giving effect to the stock dividends declared
in December, 1948 and 1S49.
tResulting from devaluation of currencies
in Canada, England and Australia.—V. 170, p. 2331.
6,603 shs.
value)
increased
6
Webster
American
—V.
amounted
—>—
income and
for Federal
86 shs.
series
13, 1950 modifying its bank loan agreement.
Corp.
,
of
outstanding—
share of
per
capital stock
refunds receivable
corporation on March 3 filed a letter of notification with the
covering 150,000 shares of common stock, class A (par $l) and
18,000 shares of 5% cumulative participating preferred stock (par $4),
the common to be offered at $1.50 per share and the preferred at par.
on
a
"best
efforts"
basis,
through Jackson & Co., Boston, Mass.
Proceeds are for development of model, etc.
The corporation's officeis located at 80 Wall St., New York City.
2,205,000
28,598 shs.
No. of Shs.
earned
common
:
of
stock
762,105
$7.70
Gyrodyne Co. of America, Inc.—Files With SEC—
$1,150,000
series
par
of
sum
below
&
ties
Carter
common
643,505,916
number
common
Amount
on.
stock
616,498
851,382
$6.74
The
value)
convert,
Chicago
Amount
537,542
SEC
aggre¬
Farwell, Chapman & Co..
Diys.
$2,047,808
188,732
742,363
_—
—
Outstanding
UNDERWRITERS—The
underwriters
named
below
have
severally
agreed to purchase the numbers of shares of additional common stock
84,139,360
266,014,032
$3,291,838
190,129
div. payable in stock (10%)—
tEarnings per common share.
the El Portal
intends to exercise its right prior to Sept. 13,
March
on
set forth
Lee
6C,000,000
paid
—
.
$2,471,352
158,526
Com.
equipment-
Dec. 31, 1949.
$105,000
par
C. F. Cassell & Co., Inc.—
468,400,7C4
as of
series
(cum.) dividend
tCommon stock (10c
.3,134,125
98,933,568
$4,953,130
_
(without
dividend
$4
to
in
of
1955)
stock
Branch, Cabell & Co
H.
M.
Byllesby and
11,054,200
-
—
U. S., and foreign
were
$1,150,000
(matur.
installments
(cum.)
$5.50
3,824,933
3,134,125
paid (cash)
(cash)
dividends
Common
in¬
Industries.
—
23,
Preferred
10,956,504
of
plants & eqpt.
restrictions
r
-•
American
market value
note(s)
quar.
$
'.Deferment of unremitted forv
eign profits where exchange
1
at
basic
Bosworth, Sullivan & Co.,
6,134,059
projected
a
Authorized
23,
oper.
,
Deprec.
of
issues
•
2V2%
rise
Belling, gen. and
Interest and amort, of discount
together with
sale,
note (maturing in quar¬
terly installments of $50,000 to Noy.
non-
5i 736,5^:1,865 4,738,172,368 3,829,940,600
chgs.— 4* 198,767,859 3,564,271,498 2,987t089,850
admin, exps.
225,327,548
197,146,908
159,325,424
—-
sales
the
bank
Stone
12,510,039
23,891,989
449,166
1,269,526
711,57a
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
Robert
•
of
list
4,701,770,340 3,815,159,163
17,565,236
722,231
t
Grand Ranch Mining Co., Las Vegas,
Total assets
1947
■
745,416
139,244
.;*•
—
profit
V.
sified
of
cons.—
Total
Cost of
from
CORPORATION—Incorporated in 1925 as successor to Public Service
Co., which had been founded in 1909, is an investment
company of the closed-end type.
Its portfolio is comprised of a diver¬
<
1948
Net
Investment
CALENDAR YEARS
1949
490,935
2,039,900
—
retained.
working capital of $1,086,680,131
STATEMENT
4,520,818
519,616
1,607,230
♦Federal and Canadian income taxes
Depreciation
tForeign exchange adjustment
amendment.
1,000,000 shares to 2.500,000
INCOME
341,929
would be to more than double the size of the corporation
the management feels, a proportionate increase in operating
The leverage character of its financial structure is being
expenses.
1948.
CONSOLIDATED
21,419,390
4,919,558
4,696,289
taxes)—_—
par common stock to be
share
for
each
10
held
additions
$179,235,994
income
without,
to and
improvements of plants and
equipment, exclusive of special tccls, amounted to $130,420,003 in 1949.
Net working
capital amounted to $1,265,616,125 at Dec. 31, 1949,
an
than Federal
this program
During
equivalent to
percentage of total sales than before the war.
Sales of
automotive products were moderately higher because of a
sharp
in -sales of GM Diesel locomotives.
for
4,527
543,399
$2,205,000 in the present bank loan, would be used by the
to add further investments to its portfolio. The effect of
common
larger
Expenditures
6,090
192,902
corporation
Sales .of passenger cars and trucks
produced by GM plants in the
United States and Canada in 1949 totaled
2,764,397, an all-time high.
Truck sales declined slightly from 1948 but
passenger car sales in¬
creased 39%
over
the previous year.
The volume of automotive re¬
placement parts was lower than i.t 1948, but represented a relatively
Net
of
crease
peak.
$580,000,000,
23,242,657
21,661,024
etc
expenses,
The
underwriting group headed by Stone & Webster
stocks,
share.
all-time
an
123,256
Local, State and Federal taxes (other
610
1,631
267,547
__
■
in
106,795
100,061
share.
of
$427,519,409, equivalent to $9.72
Dec. 31, *49 Jan. 1, '49 Dec. 27; '47
$31,740,110 $34,600,324 $30,295*022
$31,840,171 $34,707,119 $30,418,278
ministrative
General Public Service Corp.—Common Stock Offered
operations,
per
was
71
15,794
Securities Corp. on March 13 publicly offered 1,500,000
additional shares of common stock (par 10c) at $4.05 per
$643,505,916, equivalent
Payrolls
210
1,572
2,388
171, p. 948.
—An
net income for 1949 amounted to $656,434,232 as compared with $440,447,724 the year before.
While the
1949 not income was at a new
high it represented a margin on sales
substantially the same as the average of 11.5% for the years 1936-41.
stock
12
8,870
—
PROCEEDS—Proceeds
deducting dividends of $12,928,316 paid on the preferred
the amount earned on the common stock was
.
ACCOUNT
underwriter.
'J.
After
i
■
INCOME
Canada—
Total
greater physical volume and in
part of inflation.
Dollars no longer provide the same yardstick for
comparing physical production as before the war."
Reflecting this
higher
of
Trucks
accomplishments resulted in total sales
$5,700,835,141 for 1949 as compared
before.
Noting that total sales for 1949
average, the report said: "This! striking
year
Coach-
&
3,266
Coaches
GM
of
1936-41
,
16,665
Truck
'
sales
result
.
company's strengthened financial
bank standby credit of $2,000,000
Cost of sales
25
60,379
—V.
products
.
.
the
a
Selling, advertising, general and ad¬
32,738
25
19,450
_
Trucks
Report—High levels
taxes and earnings for
;
production
68,017
263
GMC
Motors
General
23,651
29,845
$4.29
holders.
to
73,778
33,204
Buick
sales, payrolls,
during 1949 were outlined by C. E.
Wilson, President, and Alfred P. Sloan, Jr., Chairman
of the board, in their annual
report to 434,000, stock¬
of
99,053
71,599
Oldsmobile
Corp.—Annual
production,
General
220,187
35,921
51,386,401
stock
Earnings per common share
—V. 171, p. 848.
General
1950—2 Mos,—1949
■
35,349
Passenger
123,835,316
71,025,124
$4.36
common
DIVISIONS
67,653
Passenger
125,639,051
-
of $1,938,823 for the
$7,524,186 at the end
sales for peacetime years
against
'
to
fori
arrangement
—
♦Less
106*586
Trucks
222,999,108
5,281,192
93,700,000
182,600
year
to
increase
proportion
Total income
3,290,100,717 2,957,769,607
1950—Month—1946
Cadillac
Total income from oper. and other sources
and other financial charges
Interest
in
Fiscal Years Ended:
Pontiac—
204,141,272
18,857,836
$6,059,983, an
of $5,947,512
Sales
110.509.327
19,988,528
102,161,758
29,661,137
Chevrolet—
^
at. the
a
'
amounted
Royalties, interest, commissions, etc.
166,858 shares; 1948, 131*751 shares.
and obsolescence—1S49,- $998,649,856;
BY
continuing1
President.
1949
CONSOLIDATED
.
deducting depreciation
*903,407,654.
are
cancelled.
♦Held for bonus purposes—1949,
1948,
of
stated that due
Preferred -dividends
47,499,188
I
has been
96,000,000
—_
Corp.
company's history.
3,232,079
29,000,000
tAfter
end
lowest
364.705.326
liabilities
Total
1948
188,346,515
20,194,158
the
the
19,681,290
9,562,795
1,948,035
2,218,759
63*809,307
64,439,383
foreign profits
25,521,828
22,238,627
Contingencies and miscellaneous
1.973,414
Minority interest (preference stock of subs.)
1,973,414
$5 series preferred stock (no par)—
183,564,400
183,564,400
$3.75 series preferred stock (no par)
100,000,000
100,000,000
Common stock ($10 par)
441,043,400
441,043,400
34,850,276
34,850.276
Capital surplus
Earned surplus
1.332,917,098 1,040)791,446
ACCOUNT
,■
the
in
to
inventories
were
position,
Deterred income
services to customers 1,613,563,611
operations:
amounted
Total
1948,
195,246,038
Series
Unremitted
Time
$14,995,351 and.
current liabilities $2,197,290, leaving net working capital of
$12,798,061
an increase of $875,864 during the
year.
Cash and U. S. Government
468,224,635
3,232,079
maturing Aug. 1, 1966
B, maturing Aug. 1, 1976
— Employees
bonus, taxes,
warranties, and miscellaneous
1
Reserves—Employees benefit plans
Employees bonus (unawarded balance)
the
at
239,035,885
Series A,
Other
Trucks
Income
assets
Promissory Notes:
Passenger
and
Current
The report
income taxes
General
of
according to Arnold J. Wilson,
ago,
230,406,172
Dividends payable on preferred capital stocks
1948.
year,
schedules
good level and inventories in the hands of the trade
year-end were considerably lower and -in better balance than
230,475,812
—
items
OUTPUT
Depreciation of plant and equipment—™—
All other oper. costs, exps. and chgs
production
a
warranties, and sundry ac¬
Taxes, payrolls,
total borrowings were reduced by $32,550,000 during
1949, leaving $144,500,000 of notes payable outstanding at the close
of the year.
Notwithstanding this substantial reduction in debt, the
company's working capital at the close of 1949 was $393,484,000, an
increase of $11,596,000,
or
3% over the total a year earlier.
On
April 3, the company's indebtedness will be further reduced by the
prepayment of $92,500,000 of its 20-year 2.55% notes due in 1966.
Expenditures for plant and equipment during 1949 totaled $60,905,000,
compared with $103,874,000 during 1948, and depreciation charged
against injcome amounted to $47,499,000 in 1949, compared with $38,273,000 in 1948.
The net book vaiUe of General Electric's plant and
equipment at the close of 1949 was $271,441,000.
Sales of products
Current,
year.
LIABILITIES—
year."
1949
only by the record
at
of
Accounts payable
Largest
History—Both sales and net income of the corpora¬
and its consolidated subsidiaries last year were the
second largest in the company's history, being exceeded
tion
securities
The company's
INCOME
63,214,330
—:
Total
.
of the year, and partly to several unusual factors.
Wilson stated, "the operating income in the
fourth quarter included"'about $16,000,000, representing compensation
for additional costs—resulting from subsequent product improvements
through design changes,
etc.—applicable to certain highly special
•equipment actually shipped and billed prior to Sept. 30.
Further, the
adjustment of book
inventories to equal the computed value of
.physical inventories resulted in reducing costs, and thus increasing
operating income, by approximately $13,000,000 for 1949.
And, finally,
due
principally to the receipt of year-end dividends, from nonconsolidated
affiliates, the company's non-operating income in the
final quarter of 1949 amounted to $8,800,000, or 44% of the total for
CONSOLIDATED
27,857,190
49,259,458
7,805,924
775,088,502
10,682;678
63,214,330
10,334,173
Wilson
Years Ended Dec. 31—
290,186; 0?5
589,563,126
222,573,591
786,576,707
134,962,066
37.093,218
-————
tNet real estate,
in any other quarter
"For example,"
Mr.
the
,
companies not con.sol._
subs,
capital
♦Common
pointed out that the fourth quarter earnings, which
represented 46% of the year's total, were unusually high, due partly
to the fact that the sales volume and profit margins were higher than
Mr.
in
Other investments
only 1.2%
less than the record amount of $1,632,701,000 billed in 1948, in spite
of the fact that selling prices of all General Electric products, on a.
weighted average basis, were 5% lower at the close of 1949 than tney
were
at ihe beginning of the year.
"The indications are that in
both 1949 and 1948 producers' goods accounted for about 65%
and
consumers' goods for about 35%
of the company's total sales,
Mr.
..
—
—
Investments
or
Wilson reported.
cosi)—i—
(at
notes receivable fnet)
General Time Corp.—Sales & Earnings Second
in Its
$
293,468,816
951,987,708
251,272,503
721,525,796
145,243,139
24,248,846
—-f- —— — —
Government securities
S.
Monday, March 20, 1950
'.... ;
.
1948;
$
ASSETS—
Accounts and
per
i
31
1949
The
share of common stock," Mr. Wilson stated.
Sales to customers during 1949 totaled $1,613,564,000,
CHRONICLE
awnr.v
agrees
nf
t.hP
Underwriter
is
good
for
a
neriod
of
180
daYS
afte*
('
Volume 171
the
•
Number 4891
THE
public- offering Jjcgins
and such longer, period, if., any, ..as .may Jbe
mutually agreed upon.'
"
*•
v'A
\
The underwriter has-agreed that unless it. Sells 15,000 shares 'Of -the
,
stock
or
offered
commission
The
it
hereby',
and
who
are
own
commission
the
has
members
the
of
right
NASD
each
to
entitled
be
the repayment
to
underwriter
will
dealer
■
to
Co.
ance
i>.
,
'
20-year
be
for
2%%
redemption
»redeemed
140
debentures
Eroadway,
sold
Nov.
next,
by
Y.—V.
171,
which
102%
of
Co.
The
corporation on March 9 filed
the SEC covering 50,000 shares of its
falue),
«ale
which
and
have
by
wife
Prances
and
daughter
stockholder
from
the
The
•
Paul
H.
Davis
&
addition
sale
by
interest, will
trustee,
of
Co.
the
Chicago.
by
50,000
is
No
be
to
April 30,
of
common
1946.
Co.
the
by
the
Los
of
of
the
proceeds
and
underwriting
be offered
to
for
the
for
has
warrants
by
the
been
has
warrants
exercised.
The
of
from
shares
December
100%
Although
Its
45,000
1949
the
at
been
shares
in
than
end
any
30.000
of
the
increased
Net
the
Houston Lighting: & Power Co.—Calls 3%
the
and
Bank
of
Payment
Houston,
be
will
tiustce,
made
the
at
South
Houston, Texas.—V.
171,
Stores
tries"
1950—Month—1949
$1,543,750
___
171.
comprised
of
to
capital
$11,336,000 of general
at
the
end
business,
high level,
of
with
be
held
Act
of
1933,
not
in
its
and
for
1949,
capital
close
on
stock
of
preferred
share
the
United
of
six
common
shares
York
made,
capital
that
and
Stock
the
New
that
stock
be
value,
par
stock
Exchange directs,
certificates
all
accompanied by
of
$50
•Gross
not
due-bills.—V. 171,
Cost
31,
the result of
States
on
INCOME
extent
of
current
ACCOUNT
8EC
covering
atock
these
offered
and
filed
10
year's
sale
FOR
CALENDAR
The
shares
40,000
Bruce
A.
and
Edgar M.
Lloyd
being
are
Coffin
H.
Batchelder
171,
Operating
March
or
1950,
subsidiaries
common
Net
Net
after
—V,
171.
89,955,660
14.072.386
1,672,500
500,000
100,000
of
inc.
inc.
Divs.
indebtedness-
patents—
to
Co.,
held
of
1,153,333
100,000
U.
S.
companies
undlstrib.
&
inc.
46,549,106
from
foreign
40,784,143
'
5,248,737
licensees
Hobart
Mfg.
3.190,043
1,008,659
3,006,738
1,146,527
354.821
Co
-
pany s
will
1,011,567
for
253,333
______
Income
net
for
income
Net
U.
£3,202,332
Fed.
S.
taxes
&
Canadian
SEC
covering
lest.)
45,475,534
of
39,553,951
17,375,000
_
be
Stock
28,100.534
23.553.951
10.022,778
Month
of
stk. outst. at Dec. 31
sales,
ital stock
for
2,332,007
2,506,712
$12.64
'
service
and
share
held
at
rentals
the
close
In
United
business
of
15,157,763
i
-
540;
general
fund
son
States.
JBascd
Jan.
on
operating
registration
common
stock,
supplementig
securities—at
in
Net
SHEET
AS
OF
Subsidiary
DEC.
31,
1949
preferred
statement
stock
fund
IBM
cost
advances,
(cash
and
retirement
plus
accrued
stock),
pian
$353,351;
(cash
interest),
Wat¬
U.
and
S.
$29,916,443;
retirement
$358,351;
Retirement
1949
$363,127
800
736
Who
stock
no
$399,353
50
49,564
47,367
_____
A.
Diemand,
The
President,
group,
ing the overall operations
last
For
five
these
earned
to
34,790
1949
to
approved
$30,000,000
an
and
dividend.
attention
increase
that
standing capital to
stock
company
the
to
best
the
in
be
and group
underwriting
1949,
the
the
to
in -the
the
the
used
since,
losses
by
fact
then
the
capital
acted
the payment
to
on
overall
Assets
The
for
surplus
the year.
-
operating
of
the
after
was
-
Federal
$53,-444,000
general contingencies
$5
in
$163,044,000,
came
an
companies
attention
as
the
to the
result
to
increase
the
.
and
on
the
the
170, p.
nounced
the
by
President of
ratio
31
in
The
company
Issuance
of long-term
National Fuel
company,
1171.
p.
Widows
Wcrld
by
War
Supplementing
and
II,
surplus,
Orphans
shares
$88,845,207;
the
of
out¬
20%
a
was
to
$21,703,000.
$386,994,000.'.
Further
many
for
passage
of
Multiple
■
Liue
Buffalo,
N.
1950
population
total,
in
8
authorized
Funds
j
New
and
$267,-
York
of
(1)
railroad
over
Central
the
abandonment
in
lines
RR.
Locknort,
in
the
additional
the
bonds
sale
after
in
together
common
the
first
future
near
redemption
of
the
mortgage
totaling
Y.,
and
(2)
of
the
Erie
RR.
Niagara
Pipe
Line
Co.—Increase
stimulus
of
Dr. O.
$1,450,000
and
EFFECT
TO
NEW
FINANCING
Authorized
Outstanding
$7,995,000
-
-60,000 shs.
A
15,000 shs.
present
to
to
the
increase
170,000
by
the
property
increasing
Amended
the
Articles
authorized
during
County,
in
,B.
Hopkins, President
of
N.
Y.
Capacity
Interprovincial
its
years
in
necessitated
has
and
service
improvements
capacity.
from
contractors
contractors.
of
1951.
amount
pursuant
The
gross
However,
costs,
to
to
Gross
unable
such
in
the
on
expects
$1,225,000 and
addition
that
proceeds
from
the
to
as
increases,
it
was
said, could
12 more stations.—V.
170,
be
effected
amount
determined
cannot
be
ol
in
any
the
sources,
basis
of
present
stock,
outstanding.
proposal
authorized capital stock
$3.50
par,
of
which
consists
1,800,000
of
and
at
permanent financing,
future circumstances and
of
the
present
Year
ended
Operating
Operation
Dec.
INCOME
time.
ACCOUNT
31—
1949
revenues
and
$2,160,573
1,149,183
expenses
975,477
tDepreciation
Net
•1948
$2,438,108
maintenance
169,680
other
than
shown
and
403,604
$682,077
income
130,903
437,168
Federal
$650,589
other
below
operating
revenues
income
JDr229
Gross
Dr406
$681,847
$650,184
271,418
247,501
106,000
95,000
$304,429
$302,433
37,502
200,000
75.000
75,000
37,500
income
104
Interest, etc., deductions
New York States excess dividends
Federal
income
require
tax
5,250
:
income
Dividends—cash:
Common
Preferred, designated as $5 series A__.
Preferred, designated as $5 series B_
♦Reclassified.—V.
initial
171,
p.
__a.
1048.
Years Ended Dec. 31—
Income
U.
S.
before
A.
taxes
to as
amend
Net
of
—V.
5,000,000
are
approval
of
the
holders
of
a
.
and
Dominion
of-Canada
Income
171.
P.
the
common
on
34.626,556
income
10.640,000
for
shares
per
1 948
$289,119:715
28,727,317
taxes
(est.)
Earnings
its
.
1949
$288,666,322
Sales
$21,773,556
12,691,106
13,766,725
5,517,872
stock
12,853,000
$18,087,317
I
year
5,517.873
$3.28
$3.95
outstanding-.
share
.
—
1048.
500,000
shares
of
presently
Laclede-Christy Co.—Listing—Acquisition—
The
company
Exchange
issuable
will
taxes
Vice-
12,
by adding up
shares
its
further
light
forecast
COMPARATIVE
1599.
p.
the
of
internal
On
such
$1,000,000,
the company does not expect that additional per¬
will be necessary before
1952.
The necessity for
and
be
which
the
to
are expected to be available
contractors
and
bank
loans.
nature
will
conditions
predict
required
for
present
trends
in
company
approximately
expenditures,
extension
to
expenditures
based
the
main
is
company
capital
(S. S.) Kresge Co. (& Subs.)—Earnings—
pumping stations from six
of
amount
recent
company
additions
,
150,000 shs.
shares.
increase
serviced
for
7,500 shs.
170,000 shs.
financing
amended
120,000
construction
from
however,
Alberta's
number of
and
expenditures were provided from the sale
mortgage 3 V* % bonds, series E, and 7,500 shares
stock, series E',
internal
sources,
bank
and
estimates,
financing
manent
Imperial Oil.
the
of
com-
bonds,
trustees
N.
railroad
of
Co.,
by
1700.
common
The
shares
capital
such
will
for
present
Y.—Abandonment
company'has applied to the SEC for authority to
charter so as to provide for the authorization of an issue
shares of $25 -par preferred stock.
The
of
1950 and 1951, respectively.
Other
March
.The
"
sale
series
the
amount
and
expenditures
.
.
common
two
preferred
advances
years
Dividends
,
such
the
Common
<
the
(no par)
been
of first
with
IBM
capital
issued
Interstate Power Co.—To Create Preferred Stock—
i>
$43,044,000
and policy¬
$34,203,000. during
•
.y" 1
:
Co.,
each
of
the years
1944 through-1949 werar.
1944,
$90,921;
1945.
$174,140;
1946,
$637,439; - 1947,
1948, $1,287,402; and 1949, $1,621,522.
and
Taxes,
Ry.
for
7.
GIVINO
customers
I3M
of
$1,080,392;
2,632,007
50,000 shares of
share
new
wel¬
company
capacity of 95.000 barrels daily could be raised to about 135,000 barrels
daily. The $90,000,000 pipeline could be made to deliver almost half as
much
again for an investment of $9,000,000, or $1,500,000 per addi¬
tional station,- the announcement added.
.
company-
increase
Dec.
1948,
of
for
of
the
rapidly growing oil potential, Im¬
perial Oil, Ltd., is already giving consideration to
increasing the capa¬
city of its Interprovincial Pipe Line Co. by almost 50%, it was an¬
judg¬
program-of expanding the facili¬
of
which
program,
says.
*
ICC
Under
of
sustained.
profit
from
from
cumulative
loans
Net
stock-
stockholders
of
taxes
over
-
Mr. Diemand called
ties
income
increased-approximately
reserve
holders
net
earned
general
2130.
..Interprovincial
time
same
for
reserves
in
Fund
(represented
$49,447,693;
By doubling
that
Watson
Lives
for
reserves
one
expenditures
accurately
Being Considered—
history
in two
were
underwriting
authorized
directors
$18,000,000
At
reported
$17,000,000 was added to stated
surplus which now stands at $102,000,000.
>
.
Combined
operations ol the group of companies for 1949 showed
$151,556,000 of earned premiums, and an Improvement in claims nnd
underwriting expenses incurred; resulting in art underwriting profit
of $17,511,000.
Investment ineome for the yearr was $12,193,000 and
the
Their
this
Co.
2.24%.
was
called
15
1949-were the
five-year basis should
the
including
years,
Diemand
Mr.
for
substantial
years,
five
premiums
a
of
Mareh
-on-
for
company
of lines
abandonment of operations
America—Group Had Most Suc¬
America
the
$3,703,445;
value
170, p.
promissoiy note, due July 1, 1968,
of employees past service under
Authorized—
History—
although the results
North
the
parent
162,
EXPENDITURES—The
number
taxes
-$48,835
5,930
holders that,
the
Lost
International
$35,146
of
and
estimated cost
reserves
$96,252
50
prop
Insurance Co. of North
Com¬
served.
through
the
to
March
stock,
have
agreements
271,139
$84,760
plan,
par
344,896,—V.
$367,391
314,593
—V.
John
expansion
present financing,
accruals,
$13,003,745;
U.
S.
$21,367,413; .12-vcar
2V-*%
de¬
$30,000,000; 18-year 2%% debentures, due
Plan, $4,538,650;
Veterans
of
for
reserve
fare,
1950
payable
bentures, due Aug. 1, 1958,
Feb. 1, 1965, $20,000,000;
20-year 3%
170,
$400,153
revenues
cessful Year in Its
pur¬
follows:
of
and
(estimated),
849.
p.
be
additional
of
with
stock
common
of $1,250,000
and
and
LIABILITIES—Accounts
Federaf Income
taxes
with
par.—V.
$5
charges
171,
and
stock, series B
(without par value)—
connection
Funds
.
Companies]
factones, office buildings
other
property
in
United
States
(net).
$156,005,004;
patents
goodwill (net), $3,418,251; total, $267,344,39G.
592,892
Corp.—Earnings—
operating income—
after
—V.
Power
preferred
as
in¬
of
Net
issued
underwriters.
Federal
application
extending
its
system
and
capita] expenditures for, each
fiNot
Canada.
$4,538,650;
vestments
IBM
revenues
operating
Operating taxes
the
to
C due Mar. 1,1975
ser.
cum.
-.CAPITAL
the
on
1948.
23,
(Includes operations
Domestic
welfare
company
for
Treasury
$940,554
1,781,843
January—
of
not
the
purposes.
cum.
of
t$16.44
ASSETS—Cash,
$15,282,657;
U.
S.
Treasury
securities
(at
cost),
$14,900,000;
notes
and
accounts
receivable
(less
reserve
$702,474),
$19,677,796; inventories (valued at lower of average, cost or market),
$16,947,205; deferred assets (prepaid insurance, taxes, etc.), $1,300,-
2,135,273
-
BALANCE
{.Including
50,444
$2,184,676
Operating revenues
Operating expenses
Net
the
financed
notes
preferred stock
'Incorporation
1,432,407
$11.21
outstanding on Dec. 31, 1948, earnings per share lor
equivalent to $9.40.
In February, 1948, the cap¬
split up by Issuing three-quarters of a share additional
was
each
outstanding),
Rent
by
$2,119,500, is to help the company meet
«
•In
were:
CONSOLIDATED
3.103,222
operating
to
mtge. bonds,,
•Common
12,529,561
share—
per
1949
63,096
revenues
Uncollectible
accrued.
stocks
outstanding
$6,995,000
of
repay outstanding bank loans
corporate
8,539,738
(125,295 shares)
Shares of cap.
$35,000,000;
Operating
of
mortgage
$5
10,518,321
dividend
Earnings
$20,595,536 $18,233,590
Indiana Associated Telephone
pre¬
par
expiration of the exchange
will be called for
purchased
applied
remaining from
first
used
$835,765;
of
$100
of
exchanged
common
be
.
,
Cum.
16,000,000
33,277,332
dividends
Co.—Earnings—
shares
shares
presently
other
1st
819,925,000
including Canadian income taxes.
...
985,658
under¬
193,207
'
profit
Cash
2226.
p.
be
on
$5
Incorporated Investors, Boston—Registers With SEC—
the
10
would
an
r-TrLany Proceeds
$7,995,000
395,919
The
35,084,106
of
income
Total
Prov.
•
a
and
to
demands,
CAPITALIZATION
Vice-President), and David.H. Cogan
filed
par)
price.
641,561
the
13
and
price
the-
($50
The offer to purchase the
additional shares at the
subscription price of $21.50 per
share expires at 3
p.m. on March 23, 1950.
Blyth & Co.,
Inc., will purchase from the company all unsubscribed
shares at the original
subscription
substantial
__
March
would
record
shares
income
on
with
stock
The First Boston Corp.
dividends
construction
total
a
at the rate
1947
15,307,633
corporation
the
At
not
the application states.—V.
advances
The
and
statement
offering
108,834
plus
are
March
on
subscribe for
stock
3,536,095
<
Co.—inventory adj.
from
from
from
Other
949.
p.
The
underwriters.
as
cash.
of
share
preferred
promissory
•From
_____
charges
the
bv amendment.
named
preferred
per
markets
new
project
2,506,712
_
operating
98.313,537
3.257,613
Oper.
being
are
their
for
Operating expenses
Operating taxes
no
the year
rev.______
capital.
financing
Jamaica Water Supply
Co.—Offering to Stockholders
Underwritten—The stockholders are being offered
rights
144,543,140
17.854,982
Net
must
$20,663,632 $18,284,034
oper.
that
Gas
161,982,780
2,250,000
further
until
20,
1950
revenues
old
new
to cost
instalment
rentals,
fgn. subs. 6c branches not console
revenues
Operating
preferred,
exchange offer
corporation
The
is
an
111947
4,308,821
949.
January—
Uncollectible
working
automobile
2332.
p.
expanding
Illinois Bell Telephone:
Month ot
the
for sale in equal amounts by
(President-and Chairman, respectively),
463.
p.
of
$102.50
*»roceeds
offered
(Executive
(Vice-President).—V.
to
estimated
said
machines, plant &
long-term
on
Amortization
primary purpose of®the company's financing "is to provide addi¬
capital for Hytron and its
operations in the television field."
to
in
registration
a
outstanding
Purpose of the proposed
YEARS
111948
23.130,057
one
the 40,00 common, shares are being
offered by certain stockholders. -The preferred stock is to be offered
for sale at $8 per share, with a 96-cents-per-share
underwriting com¬
mission.
The terms for offering of the common stock are to be sup¬
plied by amendment. - Barrett Herrlck & Co., Inc. (New York) and
Sills, Falrman & Harris (Chicago) are named as underwriters.
The
filed
are
has
heavy winter peak day
$
equipment
company;
tional
add
for
authority to develop three new underground natural gas
fields, to enlarge an existing field, and to construct
approxi¬
mately 23 miles of pipeline, all in western New York State.
operations,
Interest
440,000
by^the
at
the offering being
securities, all but" 40.000 shares of the
for
to
engaged
storage
is
$
registration statement with the
a
a
Iroquois Gas Corp.—To Expand Facilities—
in
$26,904,889
Developm't and engineering expense
shares of 6%
cumulative convertible preferred
shares of common stock ($1 par).
200,000
($8 .par)
Of
March
request
1800.
be disclosed
shares of the
This
not
106,726,722
and
expenses
The Hobart Mfg.
ex-rights
after
service
operating
Royalties
on
to
mission
coun¬
basis,
used
is
p.
13
amount
shares
any
—V. 170,
consolidated
are
of
similar
a
be
the
on
to
are
unspecified
an
All
corporation's
investments
which
investment
rate
Walker & Co.
redemption
income
other
H.
offer,
those,
183,464.706
sales,
Deprec. of rental
Hytron Radio & Electronics Corp.—Registers With SEC
The corporation
23
and
countries
"ell
the
excludes
1948,
the
in
will
March
The company now
ferred stock, zlz:
similar
a
current
those
includes
but
The
Dec.
Income
of
and
held.
quoted
p.
the
to
subject to
delivered
the annual meeting''1950.
March
series A, 7% (49,290
shares); scries B, 6%%
(15,605
snares), and series C, 6% (43,939 shares). For each share of old
pre¬
ferred, the company Is offering in exchange one share of the new
$50
par preferred plus an unspecified number of
shares of common stock,
$3,239,714
in
loan
on
dividend
and G.
1949 the
by
added
The
from
subsidiary
at
and
investment
$26,904,889
States.
$23,295,517
CONSOLIDATED
20, 1950, shall have the right to subscribe,
at $50 per share, for new 4Va% cumulative
1950,
4.
(convertible),
each
notice
be
March
on
April
stock
for
The
be
(to
business
before
or
until
949.
p.
the
company
suant
Poland
During
of
writing terms
Austria,
remaining
investment.
Foreign
Canadian
$3,609,371,
of
operations
income
any
in
Japan,
$1.
countries
adjustments
foreign
of
to
those
in
current
dollars.
Italy,
reserved
possessions of the United
in
assets
from
include
in
31,
to
$3,776,954
$3,164,167
making of an offer by the company, holders of
redesignated common stock), of record at the
the
and
at
on
May 2,
1950—2 Mos.—1949
$1,705,255
approval by stockholders at the annual meeting to
20, 1950, effective registration under the Securities
March
on
voted
on
persons
covering 108,834 shares of cumulative preferred
925,000 shares of common stock ($5 par).
The
production has
subsidiaries
Hungary,
be
to
investment
increase
Lower—
Co.—Rights to Subscribe—
upon
held
Iowa Electric Light & Power
Co.—Registers With SEC
The
products.
our
1949
Howe Sound
and will be
Interested
March 15.
orders
$
Contingent
given
company, organized in 1917,
the small loan field.—V. 168,
during
unfilled
and
for
its
and
produced
were
demand
752.
p.
the
of
a
investment
reserve
Dec.
territories
103.
p.
other
received
at
investment
National
Texas
Corp.—February Sales 9.4%
Period End. Feb. 28—
Sales
—V.
has
9
Interstate > Securities
Co., Kansas
City, Mo.—Notes
Placed Privately—This company has issued
$500,000 of
seven-year subordinated notes due 1957 to The Mutual
Life Insurance Co. of New
York, it was announced on
declara¬
surplus
a
and
at
Germany,
its
comparable
Howard
through
showed
$100,510,000
products
continued
continue
income
net
does
actually
company
interest.
at
history
corporation
France,
the
to
account
Bonds—
has called for redemption on April 15, 1950, all of
outstanding first mortgage bonds, 3% series due 1978, at 103.03%
Its
the
meet
of
and
countries
amount
The
the
remained
year
to
assets
representing
Hull & Co., of Los Angeles, 3,300
849.
p.
stood
company's
in
year
adjusted
171,
assets
the
countries
shares.—V.
$5,000,000
company
was
949.
of
more
Balkan
Holton,
to
That
America
and
corporation
and
stock
common
company scheduled to be
SEC
hearing.—V. 171,
year.
Czechoslovakia,
shares,
subse¬
report to stockholders, stated:
the exercise price has been reduced from $6 to $4 per share.
According to the prospectus, Jane Leslie Hoffman owns warrants
purchase 14,532 shares of stock; Kathryn K. Cohu, c/o Cohu & Co.,
5,500
$2,500,000
dividend.
North
of
of $'31,336,000 at Dec. 31, 1949,
stated surplus of $15,000,000, and
and
York,
from
stock
Co.
called
to
number
in
a
to
New
business,
SEC
aggregate of 30,000 shares
an
increased
been
outstanding
issued to stockholders in payment of 5% stock divi¬
dend. Thomas J. Watson, Chairman of the Board, in his
of $1 per share were originally
Issued at ten cents per warrant and sold to underwriters of the public
offering of 120,000 shares of common stock made at that time. None
of
its
was
value
par
reinsure
The 1949 income was equivalent to $12.64
a share on the 2,632,007 shares of
capital stock outstand¬
ing at the end of the period, and compares with $10.68 in
1948 if computed on the same number of shares.
On
Jan. 28, 1949, a total of 125,295 shares of capital stock
company.
Angeles
price and
The offering
purchase
Warrants to
the
The
previous
the
principal
a
of
part
received
amendment.
shares of common stock
stock
of
ported consolidated net income of $33,277,332 after esti¬
issuable
on
-outstanding
will
mated U. S. Federal income tax, an increase of $5,176,797
over the
total of $28,100,534 earned after taxes in the
to
stock
America
Proceeds
SEC—
Angeles)
Los
(of
Staats
R.
North
of
International Business Machines Corp.—Annual Report
—For the year ended Dec. 31, 1949, the corporation re¬
registration statement with
stock (66% cents: par
for
a
company.
shares
William
supplied
to
the
of
50,000
arc
Co.
York,
New
1048.
p.
of
policyholders
common
Hoffman
L.
Insurance
Indemnity Insurance
contingency reserve.
the year.—V. 171, p.
selling stockholders, the company is offering, "by this
holders of outstanding warrants 45,000 shares of com¬
upon
exercise of the warrants originally issued
the
prospectus"
mon
the
be
to
are
In
of
underwriters
terms
H.
President
and
sale
of
obligations' and
of $3,080,000,
been
outstanding and are being offered
and Jane Leslie Hoffman, who are
presently
E. Hoffman
are
the
-
capital of the
increased
'
The
1950;
(1149)'
1
Ltd.—Redemption
Hoffman Radio Corp.—Registers With
i
CHRONICLE
quent-to which the Alliance will be withdrawn.
.
dealer."
the
1966,
1,
at
Trust
Guaranty
York,. N.
New
1,
May
on
the
at
due
FINANCIAL
a
Hiram Walker-Gooderham & Worts,
The
during
&
One of the companies, .ifhe Alliance. Insur¬
Is not included in that program as It is
_
Philadelphia,
that
its
assume
tion
called
or
proposed
-underwriting, discount
no
of -its-selling-expenses.
selling group-of dealers,
allow a commission out of its
form
stock
on
legislation, in most .states.
of' none
to
and
.
to
COMMERCIAL
majority of
—V.
171,
has had approved for listing on
additional
shares
of
its
$5
17,129
for
p.
the
1049.
acquisition
of
the
Chicago
the
par
Retort
6c
New
York
common
Fire
Curb
stock
Brick
Co.
.j,.-.
10.
THE
(JL15Q)
Cost
of products
Depreciation
sold——i.
-
'"Belling and administrative expenses*-,...— —
Operating
Other
profit
federal
taxes
Income
on
$589,044
.230,000
Net earnings
.March
^
58,502
—
490 ^o8
shares' outstanding
"Common
•*«Sarned per
Net
————
—»
*———
$0.12
share
365,793
...
490.3.J8
.
$0.75
,
♦2,454)062 three months
$500)000 cash appropriated
The
Adams
proceeds
The
1949
1948
$7,342,137
—1,303,848
490,000
taxes
income
1,188)652
470,000
corporation
$3.61
share..———
per
issue.
be
_.l—_—
Dcderal and State income taxes
income
*$3,683;186
•Includes
to
working
filed
2
letter
a
proceeds
This
warrant^
filled
1949
depreciation
Other deductions (less other income)—.
Unrealized loss from fluctuation of Canadian
—
rates
exchange
.: Net' Income
'Common
shares
"
:
...
—V.
a,
registration
1951
retire
the
entire
issue
in
20
payments. The under writing group for the
toy A. G, Becker & Co. Inc.
Sales
for
the
months
11
ended
Dec.
years
new
company
covering
completion
of
this
..
.
540,000,
-
<*♦.?.
■■■
Year Ended Dec. 31—
by
equal
by Straus & Blosser,
will
...
....
—
than
profit
1948
$6,039,856
821,254
$4,002,582
21,126
-
$5,218,602
$4,023,708
-
-
income
$5,218,602
627,585
'
Income
from
Dividend
Other
$4.49
x—'
lease
$3,113,497
;
$6.54
$2,242,444
103,545
8,142
income
5,541
2*7,814
$760,748
$2,546,379
$401,480
income
taxes
276,120 a
246,6741
2,924".
116,597
2.913
income
on
to pay
for
the Construction
of
a
inc.
dend on
869.752
EFFECT
TO
PRESENT
Authorized
1950
$1,450,000
non-convertible debentures.
mbrtgage
sinking
100,000
Net
per
170,
$511,150
$1,664,463
33,068
p.
171,
izing
-
4,500,000
...
after
divi¬
pfd. stock-
$273,704
$502,883
$1,631,396
$1,658,784
share
$9.12
$16.76
$54,38
$55.29
com.
stock
*$5,000,000
(par
$1)
—
p.
SEC
of these
bonds
interest)
to
Travelers
American
_v
—i.)—
>
$2,040*277
1,539,716
210,940
120,968
—V.
...
The Connecticut Mutual Life Insurance Co.——
State Farm Mutual Automobile Insurance Co
State Farm Life Insurance
Co.
announced
now
has
an
open
150,000
—
the
issuance
of
an
order
167,925,431 163,788,758
137,507,113 134,633,704
2,142,942
1,817,478
183,241
32,713
263,298
10,823,000
———.——
—
-
171, p.
1049.
10,129,000
Texas
)
—
—
—
Crl,097,195
$17,236,422 $18,042,473
$3.74
• •••
$3.95
_
of
January—
1950
*
1949
$7,076,730
—
———
$6,578,923
—26,403
22,364
$7,050,327
Uncollectible operating revenue
$6,556,559
5,607,310
5,254,722
author¬
•
>
Operating revenues
—
Operating expenses ——
Operating
•v
*_—.
————
807,747
708,205
$635,270
•
taxes
operating income
Net. after charges
Net
account
Maracaibo Oil Exploration
The
•
SEC
$593,632
is
holders
is
1949
Years Ended Dec. 31—
operating income——
Operating charges
———
1948
$831,129
342,294
income—
operating
income
$718,577
326,844
$488,834
49,030
—i
credits
Gross-income
:
par
Other
the
$537,865
Provision for income taxes
Net
charges
be
&
t
income
$323,781
:
Dividends
$468,753*
6,755
118,830
$343,167
45,678
.
—
—
89,100..
.59,400
undistributed
net
171, p. 753.
income.*—-
$234)681
be
to
of
of
offered
record
one
at
share
registration statement
With
the
common capital stock, $100 par,
subscription at. $100 per share to stock¬
for
the
for
a
close
each
of
five
business
shares
March
then
held.
27,
No
1950, in the
underwriting
applied
(approximately $18,357,000) of the financing is to
toward repayment of advances from American Telephone
parent, and any balance used for general corporate
including
construction.
Parent) company advances
now
$15,800,000.—V. 171, P. 697.
Telegraph Co;,
Co.—Offering of Common Stock—On
of underwriters, headed by Dempsey
& Co., publicly offered 53,000 shares of common stock
(par 50 cents) at $11.50 per share. This offering included
50,000 shares for account of Leslie F. Muter, President
and Treasurer of the company, and 3,000 shares for the
account'of Dempsey & "Co; » - ' "
:
i
'
•'
(.The)
Muter
a
group
,
.
"of' "Compo"Mfg. Co."
x,
Illinois on Sept. 28, 1929, under the
The corporatfe" titld was changed • to "The
COMPANY—Irfcbrpotateil; in
name
—V.
•
on March 10 filed
183,918 shares of its
purposes,
$391,733
: 77,020
168,406
420,832
involved.
Net
proceeds
total
Net
446,647 :
company
covei'ing
which
Corp.—Earnings—
Gross
—
Registers With SEC—
ratio
1,000,000
500)000
350,000
—-
from
recovery
Operating revenues
Capitalization—
1, 1950 bearing interest at 5% fr
(b) 350,000 shares of P20 par
cumulative preferred stock, (c) 513,900 shares of new P20 par common
stock, and (d) cash in the amount of P14.520 (which latter amount
will" be contributed by Associated to Manila as a capital contribution)
—V. 169, p. 2315.
■
'
'
-
_——_
income
Month
15
$
Mountain States Telephone & Telegraph Co.—Earnings
215,869
Jan.
1,000)000
Co..
-
Earnings per common share
696.
March
1948
V308.694
payable to Associated in the face
amount
of P25,292,520 in satisfaction of which Manila will deliver
to Associated
(a)
P8,000,000 - face amount of ten-year notes dated
*$2,000,00d
Co.
Insurance
—
—
expenses—
March 3
are
1949
destruction of
(net)—————
Net
1949 ,
$2,296,535
1,558,359
company to deliver 486,100 shares of new P20 par lvalue
stock to Associated Electric Co;^ (parent)
in ; exchange for
Manila
2,000,000 shs.
(& Subs.)— -Earnings—
income taxes
...
the
Insurance
National
income
and
City plant
1950
on
The
Manila.
Other
New England' Mutual Life Insurance Co
The
Total
apply
to be sold at private sale (at
following insurance companies in
Amounts set opposite their respective names, to wit:
accrued
($100
Insurance
5.000,000
2,000,000 shs.
shares of 6% cumulative preferred stock, to be
per share), the proceeds to be used to assist in
1,000
at par
Provision for
'
Common
covering
Minority interests
2227.
the.latfer's present holdings of 97,220.shares of PlOO par common stock
2,447,000
to
are
acquisition of
charges ——.■—;_)
Canadian exchange adjustment
this
common
$796)500
100,000
proceeds
/
1049.
$
33,068
Manila Electric Co.—To Change
FINANCING
p.
$1,691,852
8,267
income
—V.
'Outstanding
The
employed.
Income
Operating revenue
Operating expenses
-of
very
was
165,924,700 161,609,441
626,531
739,970
Dividends from subsidiary and associated" cos.__ ;
;
1,374,200
1,439,347
46,129
8,267
•Net".railway .operating, income.:.——-——>
mortgage sinking fund bds.,
......
$8 per share
Mo.
Years Ended Dec. 31—
$2,837,425
1,099,443
fund
promissory notes
at
of its treasury common
small group of. investors in
the approximate prevailing
March i sold 4,000 shares
on
$1)
City,
15,375
.
Maine Central RR.—Earnings—
the discharge of current indebtedness.
GIVING
issued
now
1,216 shares of the company's common stock.
underwriter is George D. B. Bonbright & Co., Binghamton, N. Y.
120,803
r
12,164
January—
iron
cast
and to
are
(Walter R.) Miller Co., Inc.—Files With SEC—
corporation on March 6 filed a ietter of notification with the
the
$2,701,248
$281,970
pfd. stock
Earned
ing syndicate headed by Dallas Rupe & Son, Estabrook &
PROCEEDS—To be used
There
company
(par
offered
$634,404
120,803
$289,793
_
Other deductions
*
*!rtpe foundry, the estimated cost of which is $1,530,900,
common stock.
No stock has been
and it is not intended thaUany stock
cash.
The
SEC
"
6.035,735
'
are
to a
The price paid
market price.
No underwriter was
be used for working capital.—V. 171,
of
equipment
income
Federal
896,932
offering
t)y the company to its common stockholders at $4 per
Dhare of 592,185 additional shares of common stock
(par
$1), the rights to expire on March 23, 1950. The group
'also included Hayden, Stone & Co., Lee Higginson Corp.
and H. M. Byllesby & Co., Inc.
There
Monsanto Chemical Co.
Net
an
shares of common stock at par
$2 per-shsfre is to-be set aside for and
to be no underwriters of that sum,
sum of
Mid-Continent Airlines, Inc.—Stock Sold—
*
~
$20,427,831 $23,647,268
1,337,838
782,965
Co. and Straus & Blosser have underwritten
is offering .24,000
The
expense.
with
for
The
1949—12 MOS.—1948
1949—3 Mos.—1948
income
Total
$9,847,433 $12,456,705
„—
;
issued to promoters
be issued otherwise
and-outstanding a total of 167
shares sold
to incorporators
of the company for cash at par, for
which the issuer has received $1,670 in .gash.-•
1,960,000
$2,136,123
share
per
and
road
,
1948
4.371,863
load
issue
the
than
145,105
1,260,000
(est.)
taxes
profit
The
1965
"
Mahoning Coal RR.—Earnings—
Lone Star Steel Co.—Common Stock Offered—A bank¬
4first
1949
:
commission
a
Cost
170, p. 2026.
first
"
Penn¬
170, p. 2585.
Net
4,228,245
taxes
due
'
to
'
—.——_
Period End. Dec. 31—
consist
5,014*315
income
CAPITALIZATION
are
$4,823,873
*
•—
deductions
Net
—V.
171, pi 1049.
766,606
(net)
"4banknotes,
"
$19,661,225 $22,750,336
—
^Depreciation, depletion, aband..
income
proceeds
.821,291
•
•
income
Earnings
Deduct:.
Dederai
The
corporation
Sales
Kansas
annual
more
were
1949
......
credits.
Gross income
'Income charges
^ $192,247
March 1 filed a letter of notification with the
shares of common stock (par' $1), to be offered
on
the
:
the company intends to empjqy. salesmen to sell the stock
basis.
The commissioni;;td be paid such salespeople,
all other sales and operating expense will not exceed
200 of the offering price of the stock;v
'
The proceeds are to be used for the a'evelOpment of the enterprise
contemplated by "Mexican Village."
■
•
The corporation has appointed the First- National Bank of Arizona,
Phoenix, as its stock transfer agent.
In the event the total issue is
not sold, and/or there are not sufficient funds available to the cor¬
poration from the sale of said issue together with the funds made
available to corporation through a mortgage financing plan, sufficient
to supply the funds necessary to complete the purchase of the real
estate and to erect the proposed plant, then and in that event, the
entire 80(r. so impounded with the First National Bank of Arizona,
Phoenix, shall be returned to the purchasers-of corporation's stock
less any amounts actually invested in-real-property or construction
costs, and in such event, all property theretofore purchased shall be
liquidated arid the proceeds distributed pro-rata - among the purchasers
of corporation's stock.
•> - *-■
;,«/ '
The total authorized capital of the corporatidn is 50*000 shares of
the
with
$47,721,210 $49,690,054
28,059,985
26,939)718
—
This
of
—V.
,
450,000
-
$1.43
by
1950,
Mexican Village, Inc., Phoenix, Ariz.—Stock Offered—
together
$642,247
$2.15
Feb.' 6,
753.-
'except that
) 410,000
540,000
—
.
proposal was approved
U. Commission.—V. 171, p.
($10, per share).
(& Subs.)- -Earnings—
Operating revenues
'Operating revenue deductions
income
v
t
■'
»•
.
McLouth Steel Corp.—Earnings—
/
Div.
Operating income
,■
shares
merger
stock
financing
«tofe companies in various parts of the country.—V.
'Other
577,000
$2.64
"coldly of these debentures and the common stock.
The companv is
controlled by City Stores Co. which operates a group of 12 department
Lone Star Gas Co.
J
as
$645.839-.$426)158
$1.71
7,000
share
per
Interest
company outstanding or which may be created within the limits
"fixed by the indenture.
No senior funded debt is presently outstand¬
on
.
$5.45
outstanding-^-'—
oommon
$10 par value
•<fchc
structure
•
share
Operating
♦59,000,000, including leased departments, with net income of $3,027,OOO comparing to $3,309,000 for the full fiscal year preceding.
The new debentures will be expressly subordinated to other debt of
Capital
'
profit from sales——^
i
Selling, administrative and genferal expenses
issue is to be managed
1949,
31,
367,452
—
Years Ended Dec. 31—
and
to
675,000.,. ;
11,234,077
1,943.763
■,
Federal Power '* Commission on March b authorized this com¬
to acquire all of: the franchises andvproperty.-of its- wholly owtied
Edison light.
Power Co.,>which ..^ is engaged, principally
The
$1,053,544
,1,297>
$1,185,839$966,158
Gross
1970.
is
465,000
$771,330
800,000
8,657(779
1,943,763
$4.13
year——
2026.
sylvania P.
T
;
,
$403,878
per
Federal
statement
the
,
12,498
Chicago.
to two selling stockholders.—V. 169. p. 379.
/
$6,000,000 sinking fund debentures (subordinated), due
Interest rate for the debentures is to 'be filed by
is expected to provide a substantial saving for the
company as against the dividend requirement on $5,987,000 in 6%
preferred stock which is to be retired.
A sinking fund beginning
1,
'^mendment
,
Cr900,000
—
—
for
the,merger, plan, Metropolitan'-Edispri^ will surrender all of
Light's issued and outstandingt cdmrnon, capital stock to that
for cancellation, and will assume., all. of its debts,- duties
and-.obligations, //v-vi;
^ * ..
/*■/.'-" •; "V"'://.'/'-'
•"/)
■;'
849,752
$1,860,839.; $1,543,158
$1,248,971
12,641
on
7,375,724
company
$1,041,046
21,87438,380
\
1,971,758
4; 754,767
value
Edison
!
4,342)221
171, p. 6.
$8
go
covering
'March
72,322
mkt.
Under
$6,233;019
846,740
•
in
in the purchase and distribution of. electric" energy in the' City and
County of York, Pa.: The facilities- involved in the .transaction are
interconnected and coordinated with those of Metropolitan; Edison Co.
$1,504,778
"
decline
58,416,882
2,221,827
2,435,538
.
subsidiary,
(Henry C.) Lytton & Co.—Files With SEC—
Lit Brothers, Phila.—Registers With SEC—
filed
pany
816,488
$14.37
$9.73
13
793,229
170, p.
The
.
1949
•
5,020,581
$1,838,965
——
Total
March
.1948
*
,
5,809,757
730,544
Balance
j
11,731,863
outstanding
share
on
1947
^
$8,441,951^ $7,372,099
55,748,404
2,573,458
u__
^
future
.
Metropolitan Edison Co.—Acquisition Authorized—
•
against Lustron,
21
totaling " $37,'500,000.—
on
1192.
company
Fe&.
loans
$1,176,649
charges
Other
This
1946
-
profit—
Dividends
paid
7,700,000
7,976,597
per common
p.
inventories
Net income
—V.
Cr726
819,560
—
Darnings
170.
possible
$
■
$
126,912
4)680,000
...:
^Frov. for Federal and Canadian income taxes..
on
on-
4,091,635
operations
income
1948
88,172,558 106.008,988
74,230,759 '85,459,918
1,193,471
1,106,467
Cr35,180
11,46*5
—_—
action
default
$5,998,828
Net
-SEC
1949
;
for
income taxes—
for
Prov.
others—
■
-
1948
,
■
207,803,405 224,547,479
134,533,459 142.527,211
employee benefit costs—__
depreciation and amortization.:—
'
c
taxes
Federal
•)•-../
for Fed/taxes
Earns,
and expenses
in
,
$
Provision
*
services purchased from
and
Provision- for
General
$1,332,090
,
-Earnings-
salaries and
Wages,
offered at $2 per share and
,
Years Ended Dec. 31—
—
was.
Total
Other
at
of sales,
Materials
pre¬
to be the receiver for this corporation.
had approved a plan worked out
by
and the Reconstruction Finance Corp.;
foreclosure
a
income
The
Dcfc sales
of
conversion
Lustron will be allowed to operate another 30 days. *
——-
-Prov.
to H. W.
the warrants become void at 5 p.m.
Link-Belt Co. (& Subs.)—Earnings-
.
$589,478
year—
$
•'
The company on March 2 filed a letter of notification with the SEC
covering the 15,000 shares of common stock (par $16% per share). No
'^mderwriting Involved.—V. 168, p. 647.
,
the
Years Ended Dec. 31—
;
.
Subscription rights expire and
en April 3, 1950.
company
of
Other
the* company.
Subscriptions may be made upon surrender of the
Dotter, Treasurer, 1342 M Street, Lincoln, Neb.
the
for
earlier
ministrative expenses-
price of $20 per share.
a
revenue,
goods sold
Selling* general and ad-
from which
•funds
of
for
reserved
stock is to be
Years End. Dec. 31—
Cost
; j.y ;
offering of 15,000 shares of common stock, the net
will be used as an addition to working capital
total
a
one share
then held, at
stock
oommon
constitutes
stock
common
Underwood
RFC
Sales
stockholders of record Jan. 9,
of common stock for each nine
!<t950, rights to subscribe for
*«nd
—
Marshall Field & Co.-
;
notification
q|
Lynch Corp.—Earnings—
$5.68
;■
175,471
2227.
170, p.
per
The company is offering to its common
due
-V.
for
shares
The
Lincoln Telephone & Telegraph Co.—Rights—Files—
^Ahar&s of
of
internal
Profit from
•
(est.)
taxes
Common
817,500
-'*$4.37
.
3%%
4%%
^
;. >.
March
on
claiming the firm
v. 171, p. 753.
value
of
taxes, $239,496,
171, p. 950. -
«m
824,000
-------
income
income
Net
capital.
Corp.—Receiver Appointed^—
of
-under it,
of inventory, Jan. 1, 1"949, net of
representing 29 cents per common share.—
adjustment
income
:
Federal
Earnings
$4,757,340
817,500
-
...
^Common shares outstanding
Darnings per common share—.
-V.
165,522
$2,426,798
270,709
390,000
Other deductions
:
attorneys
1949
1948
$48,061,763 $53,644,841
6,139,186
7,922,340
2,456,000
3,165,000
...
Dicome before income' taxes.
Net
$2,251,328
$1,145,000
of
(James) Lees & Sons Co.—Earnings—
Calendar Years—
1,638,796
$979,535
165,465
Offered—On
Coin.—Stocks
added
The common
Lust ton
Judge
ing)
)——
interest, etc._j—
profit —
Other income: Discounts,
Operating
Judge Mell G. Underwood at Columbus, Ohio, on March 6 named
Clyde M. Foraker, chief of the field division in the local office of. the
171, p. 950.
'Dot sales
'•
1948
1949
,•
Selling, administrative and general expenses—1.667',527
collector
225,000
outstanding
Capital, shares
'Darnings
la
S
Years Ended Dec. 31—
Sales, less returns, allowances and discounts—. >$23,921,851 $29,700,585
Cost of goods sold—:—
i—:
—<—— ^ 21,274,790
25,810,462
preferred at $4 per share, the proceed? to be added to, working
capital.
The First Guardian, Securities Corp) is the underwriter.—
V. 170, p. 984.
225)000
225,000
$3.19
'
DEC
Marion Power Shovel Co.—Earnings—
,
notes,
the
$718,652
281,250
1
■
ferred
^
$813,848
—
''Dividends
—V.
Factors
to
are
"50,000 shares
ing
$7,328,043
^Federal and State Income
Dost
the
will-be
bank
with the
covering 113,782 shares of common stock (par 10c> and 25,000
shares of 6%
cumulative convertible preferred stock (par $4>, includ¬
Co.—Earnings-
Years ©lded Dec. 31—
■
the
•SEC
-Bales (net)
"Drofit before income taxes
V.
of
the. sale
sate .thereof
13; First Guardian Securities Corp. publicly of¬
25,000 shares of 6% cumulative convertible pre¬
Files With SEC—
for plant improvements.—V. 171,
Lawrence Portland Cement
Net
after
of
all' of
($4 per share) and 25,000 shares of
/common stock (par 100) at $2 per share. ! -
31, 1950 was $2,419,503 compared withearlier and $2,731,899 a year ago, which
•4ucluded.
prcceds
Monday; March 20, 1950
CHRONICLE
ferred stock at par
*#». 752.
—V.
the
capital at Jan.
working
"Net
consummated
be
and
payment
and discharge of
first mortgage sinking fund
and
Lowell
v
'6,754
fered
■
will
offered
FINANCIAL
promissory notes shown
in the above table, tc the payment of current indebtedness, and the
•remainder of such proceeds will be added to the working capital of the
company.—V. 171, p. 464.
1
'
:
100,880
36,500
expenses..-———
(est.)
debentures
'•
$85,481
9,522
--
other
less
income,
bonds
now
to' the
-applied
3,516,397
43,008
.
such
of
stock
&
.
$4,249,328
$2,128,359
1,906,787
42,9^2
93,U9
-
—
n
sale
common
19.49
.
——
-
The
Co.—Earnings-
Lakey Foundry & Machine
Quarter'Ended Jan. 31—
Det sales
COMMERCIAL
$283,767
(Continued
on. page
44)
Volume
171
Number 4891
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1151)
Stock Record «» New York Stock
Exchange
DAILY RANGE OF PRICES
WEEKLY VOLUME Of TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSOE
Range for Previous
STOCKS
Year 1949
Lowest
$ per share
37
Jun
Range Since Jan. 1
Lowest
Highest
4 per share
51
t per
Dec
NEW
Highest
$ per
share
47 % Mar 10
YORK
LOW
STOCK
Saturday
EXCHANGE
Mar.
share
54 1/, Jon
21
Par
Abbott Laboratories
l7/a
Jun
Dec
2% Feb
1
177/a
Oct
21% May
19% Jan
3
21 Va Jan
11
xl7'/a
Jun
23
Dec
21
Feb
14
23 Va Jan
11
Adams Express Co
Adams-Millis
Corp
35
Jan
44%
2% Mar
4
ACF-Brlll
Motors
Co
Sep
40% Feb
28
Dec
43
Jan
13
50
Feb
24
Addressograph-Multigraph
19%
Dec
17% Jan
3
26
Feb
24
Admiral
9% Jan
26
55/a
18%
Jun
11%
Dec
May
46
51 %
Dec
Jan
97% Mar
27/a
Jun
51
23% May
110% Dec
4%
Jan
5
22'/4 Mar 10
110'/a Jan
3
Nov
Jan
5
24
13% Mar 15
55% Mar
9
25% Jan
16% Feb
15
Sep
67% Jan
4
4
Dec
3% Feb
14
4% Jan
11
75 Va Mar 14
85% Feb
2
Feb
Feb
17Va
Jan
Jun
82 %
86 %
27%
88
Sep
83
July
6
Jun
165
Jun
210
104
Dec
9
4
3
25 Va Feb
24
5
101 Va Mar
8
Mar
3
79% Mar 14
Jan
2-1 Va Jan
94
10
Mar
83 % Jan
Dec
Mar
18% Jan
72
Jan
93%
Feb
8%
Jan
8% Jan
3
Dec
200% Jan
13
89 Va Mar
2
90
4%%
3 Va
3%
37a
3
20%
20'A
20 'A
20
21%
21%
21%
21%
21%
237a
21%
24'%
21%
21%
217a
41%
*40
41%
*40%
41'A
*40'/a
x47%
48 %
48
49%
49%
49%
49 >A
23%
22%
24%
24%
24%
x23%
23'%
12'A
12%
12%
*54'A
55%
*54%
22%
22%
22%
22%
22%
*117%
122%
*117%
w
Ry
__100
*117%
122'/a
12'A
*3
3'/a
3
17
17'A
17
17
100
*71
1
717a
3%
100
80%
24
24%
24
103%
*100
100
1
9
gtd
92
15%
Jun
19
Dec
24%
Jun
30%
Oct
25%
Feb
35%
Dec
83%
Jap
97%
Nov
Dec
31% Jan
25%
Feb
33%
19
3
Jan
Mar 16
Feb
2
x27% Feb 24
29% Jan
11
32% Jan
13
36 % Feb
3
93
16
95% Jan
3
Feb
13
21
34% Feb
24
Allen
Industries Inc
Allied Chemical & Dye
Allied Kid Co
;
*90
Allied
4%
No par
No par
Corp
Allis-Chalmers
Mfg
common.No par
88
Oct
86 Vs Feb
17=
90'A Jan
18
Jan
37%
Dec
35 Vs Feb
20
38% Jan
11
Alpha Portland Cement
2%
Jun
4%
Nov
3% Feb
28
4% Jan
11
Amalgamated Leather Co
Jan
26
Jan
26
113% Feb
3
convertible preferred
Amerada Petroleum Corp
8
Amer
43
Jan
40
89%
Feb
34%
6%
Jan
Jan
10% July
51
Jan
70
Dec
x69
20
Jun
27
Dec
19
120%
45
Oct
100% Mar
2
Sep
40 % Feb
2
3
11% Feb
27
75 % Jan
6
Mar 10
61% July
69
Oct
x7%
Jun
12
Dec
10% Jan
13
30% Mar
35
Jan
32% Jan
3
Jan
101% Feb
Jan
7% Jan
96 Va
July
5%
Jun
2'/a
81
Jun
104
10%
4%
Jan
106%
172% Mar
x63
Dec
45% Mar
10
9% Jan
Feb
40
7
26% Jan
92
Amer
8
104% Jan
20
13
9% Feb
20
3
5Vs Jan
3
119
Jan
183% Jan
4
190
14
28
187%
Sep
Jan
18
33%
Jan
23% Mar 17
30% Feb
15
82
Jan
621/4 Mar 17
79
Feb
18
19% July
39% Feb
25%
Dec
23% Mar 13
26% Jan
12
47%
Sep
44% Jan
7
15%
Feb
19%
Dec
18 Va Jan
24
14
Jun
19%
Oct
18
Jan
5
Mar
82
Jan
3
99
Jan
Jun
13
16
137% Mar 17
32% Jan
13
37% Mar 17
t per share
$ per
$ per share
4%
Feb
Oct
6% Jan
6
15%
Feb
19%
Dec
18% Jan
28
Jan
21%
Nov
20 % Jan
3
1 Va
Jun
3%
Dec
2% Jan
Jan
69%
Dec
64% Jan
Dec
44
7% Jan
30
19% Mar
6
4
3% Jan
11
74% Mar 15
Jan
19 %
16
Jan
20% Mar 13
37
Jun
61 %
Dec
54
Jan
64% Jan
45%
Oct
51%
Dec
49% Jan
Oct
39% Feb
6%
34
3%
46
Jun
Jun
Jun
24%
Jan
5%
Jan
43%
5%
48
Oct
11%
33%
9% Sep
100
Aug
7% Feb
4Va
Jan
20
11
34
Mar 10
91
Jan
20
14
Jan
15% Jan
9
110%
112%
188
188%
188%
188 Va
27%
27%
27%
34%
*34
34%
LOW
STOCK
Saturday
31% Mar 17
Dec
104% Jan
Oct
6% Jan
3
7% Mar
34% Jan
106 % Mar
7% Jan
2
11
3
7
76
t per share
1
No par
*19%
19%
40c
*22 'A
22'A
Foreign Power com__No
$7 preferred
*74%
7
3%
par
48 Va
22
7
7
*19'A
22%
•
3%
37a
6%
24
24%
24%
48%
49%
49'/a
49%
3,300
22%
22%
227a
22%
19'%
1,000
Xl9%
10%
19'/a
19%
1,600
85
*83
85 Va
•
55%
58
135 Va
57 Ya
34%
SALE
'
35%
5l>%
Mar. 15
% per share
6 Vs
6%
7%
6%
19'A
19'%
19%
19%
19%
*19%
22 Va
22%
22'%
22'%
22 %
22%
3 '/a
3%
3'%
3%
3%
3'A
3%
7
7
&
Electric
SS
73
19%
20%
19%
20%
607a
63'A
63%
64 Va
10
53%
537a
53%
53%
52%
54
53%
10
54%
*40%
41 %
54'%
*40%
55 '/a
41'A
54%
41%
42
42
42
1
5%
53/a
41%
42 %
5'A
*41%
5%
5%
57a
5'A
5%
5%
x5 'A
48%
*46%
52
*46%
32%
33
32%
Co
Co
Hide & Leather
com
6 °h
convertible preferred
American Home Products
American Ice Co common
50
*46'A
1
32%
15
*22
1
preferred
Metal Co
Ltd
74%
74
14,200
20
20%
19%
20'A
19%
19%
63%
34,300
€4%
63%
63%
63%
63%
13,500
55%
8,600
42
1,200
33
32%
*22
15%
6%
com_No par
*31%
100
*105%
preferred
22Va
14%
*84%
No par
,
72%
33
5%
74
74%
14%
*90
15%
86
*85
6%
6%
32 Va
8
7%
85
85
*85%
83'%
*85'/a
36%
20
14%
14%
15
15 'A
22 Va
*15%
15%
22
2 2'%
22%
22%
22'/a
2,700
22%
21%
22 %
3,000
15,400
,
14%
15'A
15'A
15%
15'A
15%
14 %
15 'A
89%
90
90%
90%
*89'/;:
91
83 7
89
15%
16 Vs
16
16%
16
16%
15%
86
85%
85%
85%
85%
86
*85
6%
6%
6%
31%
31%
31%
31%
106'/a
*105'A
106 Va
6%
32
105'A
7
6%
7%
2,000
31%
22%
105%
*105 %
2,300
105%
105%
105 %
6%
6%
6%
6%
6%
6%
6%
7
31%
31%
31%
31%
32%
32%
33%
33
36 Va
36
36
19% Feb
16
21% Mar
& Light com new_No par
*35%
36%
35%
35%
*35%
20%
20%
20%
20%
20%
20%
20'%
20%
21. Va
10
Jun
147a
Jan
13% Jan
13
14% Jan
169
Mar
6
7%
San'y
49
Nov
37
Jun
43%
Dec
39% Mar 13
43 Va Jan
3
39 Vs
Jun
56%
Jan
51% Mar 10
57% Jan
9
Amer Smelt & Refg
142
34%
130
19%
21%
Feb
Jan
40
141
Sep
28
Jan
Jan
Jun
Feb
31%
12%
Jan
27
Mar
2
Feb
2
24'A Mar 17
Dec
29% Jan
Jan
10
Mar
13
9
Dec
38% Jan
25
128%
Nov
128% Jan
5
July
20'/a
13
Jun
16
45
Nov
19% Jan
Jun
150%
Jan
146 % Jan
3
Jan
76%
Dec
71% Feb
17
Jan
153%
Dec
49% May
xll7V»
Dec
150
7%
135
158
Jan
31%
60 y4
42%
Dec
Jun
120
138
164
26
Apr
6%
Jan
21%
Jun
74
121
Dec
Aug
151
Feb
6
67 % Feb
16
117% Jan
25
8Va Mar
7% Jan
3
Feb
21% Feb
28
38%
51% Mar 16
166
Jan
18
42% Mar 16
Jan
13
27% Feb
18
145
34% Feb
27
12% Jan
11
47% Mar 16
133
Mar
22% Feb
155 Va Mar
75
121
Jan
7
4
Mar 10
91% Mar
48 V2
Jun
65
Dec
61
8
65
Jan
12
25 Va
Jun
35%
Jan
27% Mar 10
31
Jan
9
22%
Jun
357/a
Jan
28 Vs Jan
13
31% Jan
12
25%
Jan
40%
Dec
37
Jan
27
45
5
Mar
14
94% Feb
10
Feb
2
7% Jan
10
74
Mar 16
Dec
106% Jan
20
48'A
Jun
55 Va
Jan
x51
Jan
12
55
15%
Jun
28 Va
Dec
19% Feb
11
23% Jan
8'/a July
11 %
Nov
9% Jan
4
10% Jan
12
99 % Mar
108
2% Aug
4Vs
42%
Nov
Feb
15
34% Jan
13
Jan
26% May
For footnotes see page
3
22.
American
178 Va
7%
50%
50 Va
50%
50%
7 '/a
50%
7%
50%
No par
No par
*39%
51%
51%
51
51%
40
39%
40
170
54'%
53
%
54
9,700
165
260
American
6%
Tobacco
7%
$4
$5
prior
164%
164
Cable
Anderson-Prichard Oil Corp
Andes Copper
Mining
A P W Products Co Inc
$4 preferred
10%
,
21%
151%
Inc
5
_I
73 Va
42
143
24%
24%
24%
33
32%
32%
33
*10%
*130
21%.
xl49'%
72%
25%
33
164
164
42%
*14.1
42 %
143
25
25%
32%
33
164
42%
*141
24%
32 %
10
10%
10
10
10
10
47
47%
1,700
47 %
47%
46%
47%
3,400
131
131
21 Va
21%
21%
149%
149%
149%
73%
*131
21%
150
135
21%
150%
*131
11
135
132
21%
21%
1,300
15.1. Va
151%
66,200
72%
73%
72%
154%
154%
69%
70'%
*120%
70%
121%
120 Va
70 V;
70
120'/a
*120'A
120%
120%
121
9%
97a
9'%
9%
9%
23
121
9%
22%
23%
*120'A
97a
23'A
121
9%
24
200
21%
151 Va
154'%
154
132
\L
150%
73'%
22%
2,000
10'A
69%
9%
32%
4,100
4 7'A
154'A
23
24%
10'A
69 Va
9%
1,000
143
46%
72%
23
1,900
10 Va
154%
154
42%
5,300
46 %
132 Va
72%
155
72%
154'/2
9%
73 %
8,200
154%
520
70%
7,600
121
90
10%
13,900
23%
10,000
*88
86%
88
23'%
24
88%
87
87
87
88
*68%
70
87'%
68%
69%
88 %
6874
683A
*87'A
83 %
687s
69%
69%
69 %
*69
69%
690
6 %
7,100
5%
5%
61
28%
28%
29
43
43
*109%
57/a
61
28 %'
28'A
*43
110 V2
*109%
54 Va
*54
54 Va
6
61
6
6 V4
62%
62'A
*62
28%
28%
29'/a
29%
29%
23%
28 %
29%
283A
29
17,000
28 Va
26%
28%
2-3%
680
28'A
28'A
28'A
28
W3
54%
44
44
*10974
110'A
54
54
10
20%
20%
20%
207a
20%
21'A
*9%
10
*9%
10'A
*9%
10 'A
%
4%
*40%
40%
4
*4 7a
40%
474
*4%
40 3A
40'A
240
6
62
43 %
6
23
6 Va
61 Va
20
5
42 «/a
143
54
69%
28%
No Par
42
*141
24%
164
*39%
69%
50
21%
*41%
*141
24%
40
54%
69%
154'/a
61
No par
42
143
*164
51%
69%
154
25
No par
73%
165
*39%
33
.
46%
*21%
Anchor Hock Glass
Corp com-_12.50
Anderson, Clayton & Co
33 %
*10
41%
*141
24%
151%
100
conv
*33
41%
143
5
No par
Archer-Daniels-Midland
164%
47
25
com
7
6
165
135
prior preference
4
10
163 Va
47
No par
&
53
*131
common
Wire
53'%
100
100
preferred
Anaconda Copper Mining
Anaconda
39%
52%
_100
preferred
conv
39%
52%
100
-
preferred
Amer Zinc Lead & Smelt
39%
51%
24%
American Viscose Corp common__14
5% preferred
100
Woolen
*
39%
52
41%
common
,
51
40 Va
*140 Va
Tobacco
American Tel & Tel Co__
14
51%
25
No par
8
Mar
14%
*176'/a
No par
Stove Co
Mar
5
14 Va
178'%
7%
No par
110 Va Mar
41% Feb
14%
*176'%
7%
Co
American Water Works Co
80
Jan
14'A
178%
7%
100
American
28
Jun
5% Feb
14'%
*176%
7%
No par
10% Mar 17
Jun
68% Mar 13
14%
178'%
7%
common
32 Vs Jan
Sep
85
14%
*176%
7%
American Sumatra
9
4%
Jan
14'/a
178%
7%
preferred
Stores
35,100
14%
*176'%
American Steel Foundries
American
33,100
7%
3
79
Dec
non-cum
200
21
14%
American Sugar Refining com
7% preferred
59%
7 Va
6%
36 Va
178%
com
Co
20%
7%
100
Snuff
*35%
20%
14%
preferred
American
1.000
26,500
*176%
3
151% Mar 11
76% Jan
7%
36
7
33
5
Safety Razor
American Seating Co
American Ship Building Co
44% Jan
80
*6%
32%
100
.
Jan
7
33%
No par
com
preferred
American
23%
60
7%
*6%
11
700
5,600
32%
31%
Mar
85%
7Va
*35%
9% Jan
*85
16 Va
32'A
No par
,
a
1,000
32%
No paT
177
o
15%
American Natural Gas Co
10
*7%
15%
*105%
106
8
90 %
American
25
1,300
7,800
85
33% Mar 16
Feb
33 %
14%
36% Jan
7 % Jan
22%
14%
13
Amer Rad & St
33'/a
50
85
25
1
*48%
5%
14%
29 % Jan
News Co
52
85
34% Jan
Molasses Co
73%
8
92
100
1,300
20%
*43 V2
14%
*15%
No par
3.90%
3,800
3,700
24,200
63%
52
*83
14%
100
Amer Mach & Fdry com
3%
Share*
19%
32%
85
23
for
62%
*7%
*83
*14%
7
19%
Sales
the Week
73
*46%
327a
No par
common
preferred
Amer Machine & Metals
52
72
3,400
Fridav
19 Va
3%
37%
Mar. 17
22 'A
74
100
34,900
6.700
$ per share
22%
Dec
176
Va
71
72%
59
137%
20
Aug
Sep
80'
Mar. 16
36 %
Dec
6%
Thursday
33 V*
ay«
8
S per share
Jan
178
'A
137
PRICES
Wednesday
Feb
6% Mar
58
137
85%
No par
No par
$7 2nd preferred A
Amer Pwr
*83
58%
136
Nov
2
*24
'
'
HIGH
250
48%
5%
10
67
22'A
28%
28
62%
23%
32
5
76
8,600
120,300
4,500
1,200
130%
35
$ per share
7
25 %
48%
131
AND
23%
22%
>
.
Mar. M
13
28%
No par
$6 preferred
American
74%
23%
Tuesday
.
S per share
Tiling
4 Va %
74%
23%
500
188
Mar.
American European Secur
American Export Lines Inc
American
118%
138
Monday
Mar. 11
20
3
116%
188%
28%
127%
34 »/a
27
5% Jan
116%
188
28%
128%
Feb
7% Mar
115
188'%
28
113%
128%
Par
7%
115
*188
55 7 a
128
33
27 Va
54%
91 Va Feb
Sep
113 Va
189
27%
54%
84
85% Mar 15
112%
*188
54%
84
17
6,500
19%
15 y»
4
4%
85
Jan
4
4%
19%
Jun
12
4'%
86
Jun
Jan
5,300
4%
86
34 %
2,700
8%
4%
86%
20
33%
102 %
8%
4%
86%
„
6,300
102%
86%
com__
12%
87/a
48 Va
*85
170
12%
12%
33%
*21%
19%
_100
12 Va
19%
65%
103%
19
11 Va
7
112
19'A
*65'/a
8%
48'A
73
Nov
111%
19%
86
23%
21%
76
Jan
1,100
5,400
19%
*65 Va
103 '/a
19
American Locomotive
14% Jan
29,000
8%
21%
15
78
11%
72
33%
48 %
18% Feb
Jan
11%
72
103%
19%
14 % Mar 10
Dec
1,000
11%
72'A
8%
48 Va
Jan
13
43%
11%
x33%
21%
18%
33%
4V4
900
*101%
19%
Jun
105%
4Va
700
45
111
34
48%
12%
Jun
4%
1,000
103
21%
12
Jan
4 Va
400
<
3%
33%
lo
22% Jan
96%
4%
127%
American
84
Dec
22 %
8 %
preferred series A_100
American Hawaiian
30
43%
19.100
102 V2
10
6
Jun
8%
33%
103
No par
com
21% Feb
4%
8%
25
Dec
102
8 Va
55
12
Jan
8% Jan
31 Va Jan
15%
33%
*102%
54%
18
5% Jan
12
8%
1
22%
Feb
12
33%
8%
15% Mar
Feb
11%
11%
*64
11 Va
*71
103 %
*102
1
6% non-cum preferred
100
American International Corp_No par
American Investment Co of 111
l
73
11%
10
Gas
44
*38
500
34%
8.1
71%
12%
64
4,500
11%
12 Va
64
1,600
35%
72
65
64 %
23%
Amer &
43
43
64%
*64
*73%
American Distilling Co
110'%
64 %
12
19%
23%
Colortype Co
Crystal Sugar
4%% prior preferred
American Cyanamid Co
45
111
19 Va
19%
74 Va
American
*38
19%
19%
23 Va
Encaustic
43
28%
37
3%
*110
19 %
19
Va
109
i
19 Va
10
74
American
48
43
,
8,400
6,700
20
96
45
*108
11%
23%
American
*38
103%
43
74 Va
42% Jan
47 % Jan
Dec
32%
43 %
23%
55 Va Mar 16
4% Jan
Nov
11
45
108%
71%
EXCHANGE
24 % Feb
3%
11%
$ per share
share
*36
35%
*94
36'%
*3%
4
*70%
100
YORK
88
36 %
No par
NEW
33%
88 %
3%
74%
Highest
13%
6%
45
108%
STOCKS
Lowest
Highest
33%
88%
36%
27%
Range Since Jan. 1
Year 1949
31 %
32Va
3%
100
conv
95
36 "A
*3%
*38
No par
3%%
35'%
94 %
36%
36%
3%
x43 %
28%
35%
94%
11%
preferred
Range lor Previous
Lowest
44%
28%
35%
88%
36%
108%
*28%
28%
*87%
9%
221
*19%
8 8'/a
3%
*38
218
20
35
32%
7,200
92
9%
229
*87%
36 Va
45
*90
9%
*19%
400
25%
102%
28%
32%-
82
26
*94
35
94%
71 Va
American
115% Jan
32
American Car & Fdry com
7% preferred
15
Dec
28 %
34
*94
11 Va
American Cable & Radio Corp
American Can Co common
23
Mar 17
28Va
34%
94V4
221
20
*79%
*101
92
9%
225
*19%
;
25'A
102V.»
*90
9%
220
82
25%
*101
92
9%
71%
100
Feb
59
28%
34
108 Va
*90
9%
*79%
25%
103%
11
Broadcasting Co Inc
Feb
23
9%
82
24 %
100%
*
92
*90
..
*79%
24%
103%
70%
convertible preferred
50
86 Va Jan
80
24
10%
No par
23
xl9% Mar 16
par
com
American
7%
*38
*44
2
Co
American Chain & Cable
American Chicle Co
36% Mar
120
4%
Shoe
1,200
70'/4
preferred
Brake
19,100
20
50
12
6%
37a
77%
1
common—,
Jan
Jun
25%
Bank Note
100
3%
77%
_100
preferred
35
105 Va Jan
Jan
American
%
37a
77%
r9%
87%
*106%
72
700
1
3 %
*94
4
*71
2,000
16%
77%
34%
36%
10
3
16%
72%
70
8,800
3%
217
87%
♦71
58,400
227a
118
3
17%
21,609
13%
76%
*19%
87%
72%
118
3
17
25
3%
211%
*28 Va
3
17%
3,100
5 4'A
,
22%
121
4,700
42
76 Va
20
*87%
__50
common
conv
*71
*118
22%
3%
32%
*3%
American Bosch Corp
Dec
49
Airlines
cum
15
3% Jan
Dec
3%%
24
67
Jun
51%
American
28%
3
212
*19%
32%
36 Va
No par
209
20
121
3
12%
*54
7,100
2,100
76'A
9%
3 2'/a
1
Agricultural Chemical__No
208%
*118
3
71'A
94%
No par
com
9%
32%
100
6%
Feb
2
60
87
preferred
13% Feb
Mar
21%
71% July
35% Feb
conv
34%
*94
100
Jun
3%%
♦28 Vs
No par
common
26%
Apr
♦19%
preferred
76
37
208 Va
5
Mills
Allied Stores
9%
121
*100%
,
9% Mar 11
229
237a
7,909
a
3%
3%
103%
*90
22%
483
Shares
75%
24 'A
*100
23
*17
80
No par
preferred
Allegheny & West Ry 6%
22%
for
the Week
49 'A
24%
13 7a
54
71 'A
76 'A.
*79'A
13%
54
17%
3 Va
76%
13%
54%
*16%
71%
3%
78
*79 Va
$2.50 prior conv preferred-No par
Allegheny Ludlum Steel Corp_No par
*71%
3%
*77
13%
54%
22%
3
21%
25'A
13%
55
*54
3
5
w
12%
55
10
common
21%
*40
48
47
Sa!cs
17
share
20'A
%
42
*39%
1
preferred A
conv
48 %
3%
20 V'a
_No par
preferred
$4.50
49%
3%
20%
50
Vlcksburg
Allegheny Corp
5Va%
48%
3'A
20%
1
common
w
Alaska Juneau Gold Mining
Aldens Inc common
Dec
2'/8
w
3
73
40%
64%
Corp new
$3 preferred
3% Jan
18%
40
3%
20%
477a
Alabama
Apr
48
3%
42
1
Feb
48
Mar.
$ per
20%
*39'A
Feb
13 V8
47%
Friday
16
share
3 %
*47 %
Air Reduction Inc
64
48
Thursday
Mar. 15
* per share
20%
No par
Affiliated Gas Equipment com
&
48
Wednesday
$ per share
3%
Corp__10
9
121
share
20%
1
47
14
$ per
48
SALE TRICES
Mar. 14
10
14 %
42% Feb
48
IIIGH
Tuesday
13
2.50
277/a Mar
Nov
t per share
5
Acme Steel Co.
3%
AND
Monday
Mar
11
44%
*110
*53
x21 Vs
10
44%
110%
54
21%
10
63
6 Va
*62%
63
180
45
45
110
110
*110
110 %
*53
54
53
53%
400
21'%
21%
22%
18,200
21
*10
4%
„
6Va
*4%
4%
*4'A
407a
40'A
40%
40%
10%
4%
41
44%
*10
45
10%
1,100
20
100
4'A
4%
700
40%
40 %
2,000
11
12
(1152)
THE
COMMERCIAL
NEW
Range for Previous
Range Since Jan. 1
Highest
$ per share
$ per
19 %
Jun
29 Vb
Dec
26% Jan
Jun
95
Feb
89
5
Jun
8
13
33% Mar
3
99% Feb
Armco
1
13
9% Jan
30
Jun
77%
Jan
69
Jan
13
Jun
51%
Dec
48
Jan
27
52% Mar 16
94
Jun
101%
Dec
100 Ve Mar 13
102
Feb
17
Jun
114
Oct
111
113 % Jan
9
16% Dec
13% Jan
15
Jan
9
7% July
Feb
15%
11%
Mar 13
Feb
9% Jan
15
Sep
19
10
Dry Goods
5%
non-cum
6
A T
4
53
Feb
73
Dec
77
Feb
94
Mar
30 y2
Jun
42%
Mar
Atl
Mar 17
20
22% Jan
19
25% Feb
Jan
52 % Jan
16
55% Feb
3
Dec
105
Feb
2
110
Jan
5
15
Sep
I Jan
18
Jan
25
25
Feb
16
7%
Sep
Feb
15%
Dec
6% Jan
24
Jan
25
Jan
6% Jan
17% Mar
15
8% Mar
16
Feb
16
300
10y2
15%
10»/8
10%
151/3
10%
10 Vb
I SS
non-cum
Lines
109
108 %
109%
106 y2
105
105%
13%
13%
13%
13%
45%
45 %
45%
46
45
Atlas Corp
Atlas Powder
4%
15%
10%
10 VB
3
10 Va
13%
600
45%
45'%
46%
46 %
46%,
45%
46%
3,900
112
113
112
112 %
112
113%
:_100
102
102 y4
101%
102
101%
101 VB
24 Va
24 %
54
ELO
100
108y2
No par
12
7% Jan
10
Autocar Co
12 y8 Jan
3
14% Jan
12
Automatic Canteen Co of Amer
Jun
7%
Jan
5% Jan
3
7%-Fph
16
Avon
34ya
Jun
44%
Jan
37% Jan
4
46% Feb
16
i
;
*15%'
5c
108%
108%
75 %
75%
83
113
113'%
113%
113%
112%
113%
101%
162
101 %
102
101%
101%
1,290
24%
24%
24'A
24%
24 %
24%
4,600
53 VA
54
54
54%
54
54%
720
112
*109%
112
22
*20%
22
8
*7%
8
*7%
8
7%
8
8%
16
*15%
16
*15%
16
*15%
16
*15%
6%
1,260
24%
110
13%
300
16,600
53%
24%
*53
*20'%
*6%
1,200
42
*109'%
12%
700
88%
41%
22
6%
14,600
76
83
42%
110
13%
111%
105%
41%
6%
6%
13
13
6'%
6%
12%
12%
_3
6%
6%
6%
6%
6%
6%
6%
No par
40%
40%
*40%
41%
40%
41%
41%
common
preferred
74%
*87 Va
*20%
*13 %
.
73
88
110%
*105
41%
22
\
*6%
5
72
*20%
*7%
No par
Jun
108%
7'2
22
*21
No par
^$1.20)
(The!
13 %
40%
Nov
conv
13 V8
*87%
4%
Mfg Corn
111%
105%
88%
24%
3,100
13%
40%
53%
150
59
lilVa
40%
l/„
90
101%
58%
105%
*87%
24%
59
900
7.700
107%
13%
*71
*53%
*100
101%
10%
15%
15
107%
111
70
*87%
16
105%
88%
88%
10%
10 %
107 %
13%
40%
5
c
105
15%
107%
200
13%
40
*87y2
No par
.
15%
110
105
A—100
common
pref
70
109'%
105
40
4%
$2.25
70
103 VA
*13%
40
100
convertible preferred
Conv prior
70
15%
___25
series
Atlas Tack Corp
Austin Nichols common
28'
1
common
common
preferred
15%
58 VA
*104%
preferred
Refining
conv
15 VA
10
2
10%
8
*10y8
1
Preferred $3.75 series B
7
58
110
W
&
G
4%
102% Mar 11
24% Aug
Jun
Feb
13 Vo
*15%
100
Inc—l
Atlantic
27
42
F
5%
42y4 Mar 16.
100
20 %
15%
No par
Atlantic Coast Line RR
Feb
15%
preferred
14% Feb
4%
15%
59
47
Jan
15%
*100
,3
20
*15%
58%
13
5
15%
xl5%
101%
Jan
99% Jan
15%
58%
12% Jan
Dec
290
*15l/4
58%
41
102
113
59
Jan
Jun
100%
112%
101
Jan
93 y2
100%
113%
58 y2
15
Feb
101
113 %
108 %
47
115
*100%
113
*100%
Dec
1
101
111%
10
Jun
108% Feb
100%
111%
Co—_
10 y8
Dec
100%
111%
x58
1.05% Mar 13
7,100
100%
*100
27
52%
52
52%
100 y4
59%
103% Jan
1,400
111%
101'%
Nov
77%
111
>100
105%
76%
100 VB
101
Jun
76%
101
& Santa Fe com—100
Investment
Atch Topeka
27,000
112y2
preferred—
Associates
2
450
9%
*looy2
101
59% Mar
98%
9%
*lliy2
common
32%
112%
52
23,700
93%
Vb
9
No par
preferred
100
111% Mar 16
Jun
52'%
Shares
No par
convertible
2nd
13
106
51
76
7%
16
76
75%
103
47% Jan
89% Jan
75%
tor
the Week
33%
*107'%
100% Jan
13
%
33
108
Jan
28
51
50%
33%
99
Va
9
-107
Nov
24
51
50%
75%
17
33 Vb
15%
50%
Jan
51 y4
75 VB
75
74%
Mar.
$ per share
98
9
107%
105%
Jan
75
33%
98 %
15 y8
Jun
68
98
8%
107%
Feb
87
32%
98%
7
Jan
36% Jan
32%
8%
108
Feb
Dec
32
98
8%
*107
80
97%
32 y4
98 y8
Sales
Friday
Mar. 16
$ per share
share
100
30%
104
$ per
1st preferred_____.
Dec
9
$ per share
32
8%
Thursday
Mar. IS
x98
8%
*50%
PRICES
Wednesday
6%
101%
99 y2 Mar
*74%
_No par
$3.75 preferred
32
SALE
Mar. 11
$ per share
98'/a
8%
No par
$6 conv prior preferred
Armstrong Cork Co com
$4
31%
*97.
5
com
Associated
Apr
110
Illinois
HIGH
Tuesday
30
87
4
of
Co
9
17% Jan
104% Mar
&
AND
Monday
Mar. 13
I I
$ per share
common
;:._lo
convertible preferred——100
9
12% Jan
4
Mar 10
109
Dec
Mar.
Monday, March 20, 1950
RECORD
Saturday
Arnold Constable Corp
5
Artloom Carpet Co Inc——No par
Apr
95
CHRONICLE
LOW
STOCK
Steel Corp
4% %
Armour
77% Mar 17
38%
13% Mar
YORK
Par
4
Jan
7% Jan
Dec
49%
105%
STOCK
EXCHANGE
$ per share
share
77
y2
NEW
Lowest
Highest
$ per share
YORK
3»
FINANCIAL
STOCKS
Year 1949
Lowest
&
7%
*21
8%
15%
6%
7
7 %
43
43
12%
43%
14%
1,100
15%
100
1,100
13
3,900
7%
7
5
140
8%
6%
6%
13
112
22
7%
16
6%
13
*110%
30,500
43
*42
1,700
//•'
Xl3
Jun
15
Nov
14% Mar 17
15% Jan
25
Babbitt
8%
Jun
12%
Jan
10% Jan
3
13% Feb
16
Ealdwin Locomotive Works
7%
Jun
11%
Jan
9% Jan
3
11% Jan
U
Baltimore & Ohio
14%
Jun
22 %
Jan
14%
Jun
25
Jan
60 %
Jun
72
July
38
Jun
53
15
Sep
21%
36
Jun
9%
11%
72
16 V8 Jan
3
20% Feb
Mar
36% Jan
16
39
Jan
46% Feb
25
57% Feb
3
33%
Dec
29% Jan
Dec
98
Jan
17% Mar 10
101
Nov
20
Va
3 s
Oil
Corp
13 % Jan
9
Bayuk Cigars
3
34 Va Mar
2
Beatrice Foods Co
103% Mar
7
21% Jan
21%
Dec
20 % Jan
6
23% Jan
30
86%
Nov
74
Jan
3
85 % Feb
Bath Iron Works
26
Oct
2
div
Jan
7% Feb
7
9% Jan
9
Beech Aircraft
29 Va Jan
12
32% Feb
6
Jun
16
Feb
13% Jan
3
15 % Jan
24
3
Jun
12% Feb
1
14% Feb
28.
Bell Aircraft Corp___
15
24
Bell
85
Oct
98
Mar
26
Jun
37%
Dec
Feb
10
87
34 % Jan
13
43% Mar
x85
Feb
Jan
3
11
Jan
9% Jan
4
11% Mar
Feb
27%
NOV
25 Vb Jan
6
26% Feb
85
Dec
86
Jan
12
90
Feb
23
93
Jan
106 % Jan
12
112% Feb
20
1% Jan
4
2 % Jan
11
1%
23%
25.
2% July
Dec
Feb
26 Va Jan
27%
Dec
32% Mar
33%
Jun
Oct
36
May
23%
Dec
Jan
30 % Jan
141
Dec
129%
Jun
22%
Jun
31% Mar
Oct
11% Mar
9
•
V
Range Since
Lowest
Highest
$ per
share
f per share
Jun
30%
Jan
26% Jan
Jun
15 y8
Nov
14% Jan
13
8%
Jun
14%
Dec
12 % Feb
Jun
15
Dec
13% Jan
17%
17%
22%
100
*83
85
84%
8,100
6,100
*88%
90
112
112
Benguet Consol Mining Co
7%
Co
:
20%
9
18
Jan
Apr
39
15%
Jun
24
13%
Jun
19%
7%
102%
13
11% Jan
13
36% Mar
13%
2
26%
2 7'A
27%
27'%
27
27%
34%
35
34%
35
35
35%
3,900
34%
35
34%
34%
49,800
*142%
143 y4
142%
142%
34%
*142
35
100
142%
25y2
143 %
142%
600
No par
25%
25%
25%
25%
25%
No par
26%
3,200
12%
26%
26%
12%
12%
12%
*12%
12%
12%
12%
12%
1,100
YORK
3
22% Jan
13
25% Feb
11
Dec
18 Vb J a n
3
20% Jan
27
123% Jan
26
124
Feb
2
12% Jan
3
3
78% Mar 17
34 y2 Jan
4
39% Jan
Feb
18%
Dec
17% Jan
13
20
29%
Jun
36
Jan
31% Feb
21
36% Jan
11.
13%
Apr
19%
Dec
18% Mar
2
20% Jan
10
May
95
Nov
94
Jan
4
100
Jun
91
Dec
83
Mar 17
89
73
13%
-
Apr
84
Jun
16%
Dec
82 y2 Jan
13% Jan
Jan
7
Jun
9
May
x97%
Jun
122
Dec
6%
60
3 '*■
Jan
Jun
11%
Dec
9% Jan
Jun
82
Feb
69% Mar
4% Mar
Feb
17
Jun
98%
Jun
20%
8% Feb
120
24%
105
26%
Jun
3% Jan
21
3
17
Feb
Saturday
90
Mar 27
15
Jan
9% Jan
13
liy4 Jan
77
9
5
9
23
Feb
2
4% Feb
24
25
24% Jan
5
10
105 y2 Jan
24
22% Feb
3
24
Jan
14
*12%
PRICES
Wednesday
Friday
Sales for
Mar. 17
the Week
Thursday
Mar. !"»
Mar. 16
$ per share
t per
$ per share
Shares
share
*28
28%
28%
28%
15
15
14%
15
14%
15%
15%
15%
14%
15
3,400
1
*12%
12%
12%
12%
12%
12%
12%
12%
12%
13 %
13
13%
9,100
—2.50
*15%.
15%
15%
28%
16
*28
28%
*28
28 V8
*28
300
16
16
16
*15%
16
__5
27%
27%
27%
27%
27%
27%
27%
28%
x27
5
%
27%
23 y2
23%
23'%
23%
*23'A
23%
24'A
—No par
23%
23%
24 VB
*54%
55
54%
54%
54'A
55%
55
55%
55
No par
&
55%
20%
20 Va
20%
55%
55
20V4
20'%
20%
20%
20%
20 Vb
20%
20%
20 %
720
14
14 V8
14
14'%
14
14'%
13%
14 >/8
14
14%
14
14 Vb
4,900
51%
50%
Brass—
1
(The)
15
50%
5
58%
-100
*98%
(assented)—100
Bower
Roller Bearing Co
Eraniff Airways Inc
Brewing Corp. of America
*36
2.50
15
1
Bucyrus Erie Co
preferred,
Budd (The) Co
50 Vb
50%
51
51
51%
4,700
57%
51%
58%
51
58%
58%
59%
59%
59%..
59 %
60%
11,400
99
98%
98%
98 VA
99
98'A
98%
98%
98%
1,110
2%
29%
Burlington Mills Corp
500
8%
*8%
8%
1,500
2%
8%
100
29%
29
*29
29%
60
8%
8'A
8»/2
8%
8%
8%
8%
5,000
30%
31'A
31%
31%
31%
31%
6,600
28'%
28%
31'A
28%
28%
28 VB
24 VA
24%.
24%
25%
25
25%
*101% 102%
*102
102%
40
40'A
•
<
*28y8
28%
24%
24 y4
*101%
102%
39
39 Vb
39%
39%
25
102%
39%
40
13%
13%
13%
13%
13%
13%
*36%
37%
37
37
37%
37%
103
19 V8
125
*101
23%
19'%*124
103
23%
19 Va
125
101
101
23%
23%
19'%
19'A
*124'%
125%
*101
24
xl8%
*123
102%
*38
*18
33%
24
24
24%
23%
24
20
1,800
19
18%
19%.,
18%
19
6,400
124
*123
*101
13%
13%
13%
13%
13%
14
13%
*76'A
77%
*76 VA
77%
76%
76%
76%
38%
38%
38%
38%
38%
38%
38%
38%
19
*33
(
14%
t
32.60Q
78%
400
38%
38%
500
18'%
18
18
18'A
19'A
19%
19%
19%
19%
2,700
33%.
33
33
33%
33%
34
34%
*34%
34%
500
19 Va
18%.
19%
19
19%
18 VB
19
99%
85 %
98%
98%
8'A
98
98%
98'A
98%
*83
85
85
*83
843/,
*83
84%
*83
84%
83
83
*88
92
*88
92
*88
92
*88
92
*88
92
*88
92
*98%
.
,
124
*123
124
13%
77%
33y4
1,100
102%
13%.
18
5,700
102%
*101
*76%.
18%
4,500
13%
13%
38%
5,900
37
77 Va
13%
*
23%
13%
37
,
400
29
*28%
40%
13%
37%
14%
"
14%
*123
14%
14%
14%
9
8%
8%
8%
8%
*121'%
125
10 V8
10%
10
10 VB
71V2
71
71
5
19%
98%
14%
71 %
4%
21
100
19'%
98%
12$
8%
No par
*103
No par
39%
29
13%,
*76
par
100
24%
*101%
36'%
23%
100
Terminal
;
1
Bush Term Bldg 7%
preferred—100
Butler Bros common^
15
24%
102%
133/3
19 V8
Bush
39%
*28%
24%
37%
*101
.400
'
39%
28%
•101%
13%
*123%
100
*101'%. 102'%
29%
*36%
1
common
Byron Jackson Co
36'A
8%
5
preferred
*29
36 %
30%
No par
Burroughs Adding Machine—No
participating
29%
8%
8%
2%
36%
1
8%
1
Copper & Zinc
Byers Co ( A M) common
*28
8%
*2
*2
*36
31%
No par
preferred
8'A
2'/a
36
8%
No par
Butte
*2
36
31'%
No par
2nd preferred
3%.%. preferred
29%
2'%
36%
8Va
5
;
*28
8%
*2
36
31%
100
preferred,.
8%
1%
37
7%
par
!
:—;
Bulova Watch Co Inc
1%
*36
'
2.50
common
Eullard Co!
conv
50%
3iy2
No par
common.
840
*98'%
100
$5 preferred
;
:
Buffalo Forge Co.—
2,500
par
common
7%
1,200
11,700
24
par
preferred
Brunswick-Balke-Collender_
15%
27%
23 %
x58%
50%
„
*28
15%
26%
-
59
37
—
*15%
99%
*1%
5
;
.
7%
20
12%
14%
Co——
Boston & Maine RR
4 y2 %
$ per share
26
28%
3%%. preferred
3%%
S per share
SALE
142'A
14%
Borg-Warner Corp common
4%
Jan
Jan
t per share
Mar. I I
13
'
25%
12%
28%
Class B
9
HIGH
Tuesday
Mar
142
No par
Bon Ami Co class A_
2
AND
Monday
Mar. 11
Bond Stores Inc
Jan
123% Mar
7
10
142%
2,200
No par
Aluminum
Mar
12
13
2
24
102% Feb
Jan
Dec
18
14y2 Mar
*142
LOW
STOCK
Brown & Bigelow
.'
1
Brown Shoe Co Inc common
—15
$3.60 preferred
—No par
7
10,000
34%
Mar
24
100
1,400
1%
1%
34%
14
Jan
1%
26%
40
103% Jan
1%
33'%
Brooklyn Union Gas
74 y2 Jan
77-
1%
34%
40 y4 Mar 16
Oct
70 Vb
1%
26%
Bristol-Myers Co
Dec
12%
1%
34%
6
Dec
76
.
1%
34%-
7
•
Jun
1%
26'%
18
35%
61% July
26 y2
1%
111%
*110
33 Va
Bliss & Laughlin Inc
3%%
111%
33%
105% Jan
29 y4 Jan
(
*111
26%
Par
Borden Co
*89
11,800
33%
preferred
(E W)
91%
112
42%
34
/Bigelow-Sanford Carpet
Birmingham Electric Co
Bliss
*88%
112
42
26%
Bridgeport Brass Co
No
Briggs Manufacturing Corp__No
Briggs & Stratton__
No
16
100
Dec
125
Jun
Jan
36
9
4
Feb
Dec
112
42'A
1,000
87
*85%
33%
29% Jan
14
23
3
9 % Jan
32% Mar
Sep
Jan
Feb
32% Mar
13
24% Mar 10
Dec
95
»
Jan
27% Feb
Dec
40
21
102% Feb
Dec
12%
Jan
29% Mar
120
Nov
Dec
Jan
7% Mar 10
28
Jan
105%
Jan
28
Jan
33
Jan
18%
9
9% Feb
29%
Oct
98
38y4Jan
14
9%
Jun
25%
24
32
91
X112
41%
87
300
14
14
14
*85 Vb
13%
*13%
*33%
9
Jun
*
112%
1%
41%
14
14
14%
14
*26%
10
Jun
*88 %
1%
1
X26 %
14
14%
*13%
_1
—
12
6%
" 91
*89
18 pesos
—
16% Jan
21%
41%
*12%
(Del) com—No par
x24% Jan
7% Feb
87
90
18% Feb
X34% Feb
*85'%
90
Jan
Dec
87
91
19% July
8% Mar
14
*111%
32%
38
13%
pfd $3.25 ser of 1946.No par
Cum pfd $4 div ser of 1948_No
par
Nov
26
2,000
14
11
Aug
11
3,000
14%
26
13%
2% Jan
32
25%
18
30
31%
42%
Bohn
1% Jan
32%
13%
X10%
Boeing Airplane Co
Jan
31%
14
13%
11%
5
9
31%
14
13%
26%
6
20
31
14
42%
Jan
Jan
31%
14
11
Black & Decker Mfg Co
60% Mar 17
31
26
Elaw-Knox Co
51% Feb
210
11'%
3
100
3,400
32 %
26 VA
Jan
3
8%
32 Va
;
11
60
9
170
8%
32%
85
26'%
29% Mar
15
84%
8%
*31%
11'%
27
Feb
*84
8%
.32'%
8%
26%
3
97% Jan
*83
8%
32
8%
11-
21
55
85
*84%
32%
26%
25
48% Jan
85
500
41'%
52% Feb
Dec
17%
23
26%
22% Jan
Dec
17%
23
11%
23% Jan
Dec
17%
22%
42
Jan
98%
17%/
22%
11
Jan
51
18
22%
41%
25% Mar
59%
18
22%
liy8
64
Apr
260
1,500
17%
22%
26%
27
91% May
1% Mar
3,600
26V4
Jun
18
13% Mar 15
33%
101 %
liy8
common
EXCHANGE
5
33%
101%
10
NEW
Mar 13
1,200
33%
101%
33y3c
—
Appliances—
4
16
11%
33%
101 %
*85'%
Aug
47%
14
11%
12
33%
101%
87
Aug
Jan
31%
14
8,300
33%
8%
*31%
31%
18%
101%
84%
8%
32%
11%
18%
*85 Vb
17%
25 y8
84'%
*8'%
*31 y2
12
20
5,200
19
33%
17%
3y2
12
xl8%
50%
101'%
*22
32%
*8%
*32
12
38%
50%
87
Jan. 1
14% Jan
12
32%
101
19%
*38
50%
41 y4
21
Jun
33
102
19%
38 %
50
*84%
50
Jun
12
33
19%
*37%
5
15% Mar
4
6%
20%
22%
common
29% Feb
28
9V2
2%
20%
17y2
$ per share
4
10%
42 y2
20%
19'A
38%
100
Highest
22%
38% Mar
20 Va
STOCKS
Year 1949
$ per share
50%
23'%
preferred
Range for Previous
Lowest
50
14
&
9
18%
*37%
50%
*22
2
Foods
3
12
18%
33'%
49%
*13%
Best
Jan
3,100
18 VB
*37 Vb
No par
Cum
.■
19%
18
39
900
13%
Best
13% Mar
17V2
1,500
13%
Howell Co
Bethlehem Steel
28
20 V8
2.50
44%
10
&
6
3
9% Jan
20 %
101%
44%
45
13%
5
25% Mar 10
20%
12%
44'A
*12%
12
2
20%
34
43%
13
35
Mar
49%
18
*37%
102 %
43%
44
13%
36 Vb Jan
144
49
33%
18%
67%
31V4
29% Jan
21
139% Jan
49'/2
*11%
18%
*65 Va
13
3
Mar
18%
38
*101Va
18%
67%
13%
7
13
18
48%
100
18%
*65%
x43%
38
12.50
18%
67%
31 %
Beneficial Indus Loan
*
109%
10,200
18%
*65%
1
4%%
17
Jan
21%
21%
18%
67%
*
44
44
21'A
18 VA
65 VA
67%
1
Bendix Home
Apr
21
18
2,700
„10
4
6%
21%
45
Bendix Aviation—
73%
21'%
——
4
21%
21%
*43
Eeech-Nut Packing Co—
Belding-Heminway
Feb
4
20%
_1
Jun
12% Jan
20%
20%
18
;_j-50
10%
Feb
20 y4
2C%
*66
t
11%
17
22,000
18 %
pfd__
Corp
30%
11% Jun
10,700
11%
1
Beech Creek RR___
5
11%
11%
No par
(A S) 4%%
10 Vb
34 % Jan
11%
11%
5
preferred
32 %! Feb
Mar 14
14%
12
11 Va
67V2
:
conv
Jun
31
14%
11%
11%
10
common-,
Jun
Mar
14%
11%
11
10
Inc—_
6%
7
14%
11%
11
Corp__—
27 Va
6%
14%
11%
10%
—50
Beaunit Mills Inc
$1.25
14%
11%
11
*13
convertible preferred
Beck Shoe
14%
12
10%
*66
common
6
3%%
14%
11%
11
Co__
9
Feb
14%
11-u
10%
50
preferred—
Oil
14%
ll74
:_100
(Delaware)
Brothers
4%%
Barnsdall
14%
—100
common
preferred
20% Mar
Mar
16%
69
preferred
5%
1
13
100
;
common
Aroostook
Convertible
26
Dec
11% Mar 17
Feb
8
Barker
48% Jan
Jan
Nov
Barber
15
17%
12%
4
Feb
14% Jan
26%
5
'
Inc
non-cum
Bangor &
Jan
43
Oct
87%
4%
3
22% Jan 23
15%
Jun
22% Mar
3
4
Feb
Jan
56%
Feb
14
17% Feb
Dec
41
39% Mar
18% Feb
66
(B T>
4%
21
105%
*22V2
23
4%
4%
*21
21%
*104
105'%
*22%
23
36%
37
*12iy4
125
19
19%
98%
9
14%
9
*121'A
14%
14%
14%
9'A
9%
9%
124
11,800
160
100
100
14%
;
124
14%
7,000
9%
9%
3,700
121'A
121'A
10
10
10
10
10%
10%
10%
10%
10%
3,600
*71
72
72
72%
73
73
73'A
74
4%
21
*104%
4%
21
105%
22%
22%
37
38%
*53
53%
4%
21%
*105
*22%
*121%
4%
21
4%
%
21%
105%
*105
23
23
4%
23
4 '/a
,
4%
2,600
21%
.
21%
105%
300
21 VB
1,300
105%
105'A
10
23 Vb
900
23
C
30
Feb
52
May
1
36%
Jun
58
Jun
9%
Jan
98
Sep
35%
Jun
34'4 Feb
5
40
Mar 16
Apr
53
Jan
5
55
Jan
26
1 % Feb
8
10
2.1 Oct
3V2 Jun
16%
Dec
Feb
28
1% Jan
4% Jan
Jan
19% Jan
4
22% Feb
6
Feb
10 % Jan
3
12% Feb
24
5%
.
Jan
22%
12%
109'A Mar
41
May
Oct
16%
Jan
21
10%
Jun
15%
For footnotes
see
Dec
page
4
101*' Jan
4
Jan
5
40
106
7
Mar 23
42 VA Mar 13
18% Mar 14
20% Feb
15
13
15% Feb
18
14% Jan
22i
California Packing common—No par
5%
preferred
Callahan Zinc-Lead
50
1
Calumet & Hecla Cons Copper
5
Campbell W & C Foundry
No par
Canada Dry Ginger Ale com—1.66%
$4.25 conv preferred
No par
Canada Southern Ry Co
100
Canadian Breweries Ltd
Canadian Pacific Ry
No par
—25
35%
36%
53
53%
1%
4
1 %
4
*53
1%
53%
1%
1%
1%
38%
*53
1%
39%
39%
53%
*53
1%
1%
.40
53%
1%
39 Va
*53
1%
39%
5,200
53%
1%
.
■
5,000
4
4
4
4%
4 Vb
20
20%
20
20
4%
20%
20%
20
20%
11 >4
20%
11%
xll
20%
11'4
20%
20%
10%
11
1,100
11
11%
11 '/a
105%
11%
11%
xl04
11'A
104
11,200
104
104%
104%
104%
104%
380
42%
42%
18%
*42%
43
*18%
*18%
18%
200
14%
14%
14 %
I 14%
34,300
105
104
4
104
4
105
*42%
43
42%
42 %
*42 Va
43
*42%
43
*18',
8
18%
*18%
18%
13%
18%
*18%
19 '4
14%
14%
14%
14%
14%
14%
14%.
14%
>
4
4 Vb
5,700
50
Volume 171
Number 4891
THE
COMMERCIAL
Range for Previous
40%
Jan
Range Since Jan. 1
Highest
$ per share
Lowest
$ per share
51
$ per share
Dec
48
NEW
Highest
Jan
YORK
3
50% Feb
1
Cannon
Mills
16%
Dec
15% Jan
I9
17% Jan
9
Capital
Admin
Nov
55
Feb
23
56 y2 Jan
9
9ft
Oct
8% Jan
13
12
Feb
Jun
103
Feb
102
Jan
11
Feb
18
105% Jan
26
$3
No par
Ohio
&
26%
Jan
33
Dec
31% Jan
13
25%
Jun
35 %
Jan
301/4 Jan
3
33% Jan
31
12%
Jun
Dec
17'/a Jan
6
19 % Jan
16
Carrier Corp common.
Jan
6
38
Jan
14
8% Feb
2
30% Mar
37%
Sep
36
6
Feb
8%
Nov
x7% Mar 13
30
Jun
45%
Nov
38 Va Jan
131
Jan
26%
146
Nov
Jun
37Va
100% Aug
23 % Apr
104%
Dec
34%
140
Jan
3
32 Va Jan
27
X104V8 Jan
18
Dec
Dec*
31
Jan
152
107% Jan
105%
Dec
104 Va Jan
3
Jun
132%
Dec
130Va Jan
13
26%
Jan
Jun
17
7
% May
3
Jun
12%
18% Mar
6
30
36%
112%
Central
3
17% Jan
11
9y4 Jan
25
11 Vb Jan
9
Central
12% Jan
26
14 % Jan
30
Class
14'/8 Jan
13
16% Mar
1
Central
10%
Jun
9%
Feb
14%
Dec
13%
Oct
12% Jan
3
16% Mar 17
RR
Co
vtc
8%
Dec
8% Jan
3
Jan
18% Feb
15
21% Jan
7
Cerro
16%
Dec
15
13
18% Feb
3
Certain-teed
Jan
31%
31%
Dee
30 y2 Jan
91
Jun
98%
Dec
98
Jan
Aug
9%
Dec
5%
Nov
28% Mar
31
Jan
3
35'
Feb
5
104
8
7% Mar 11
11
6
Mar 10
9% Jan
10
17% July
28%
Jan
24
Jan
27
Nov
34%
Jan
28
Feb
15
30% Jan
Nov
85
Feb
80
Feb
15
3%
Jun
5%
Jan
4% Feb
4
28% Mar 17
12
15
6% Feb
24
Jun
12
May
9% Jan
3
12% Feb
14
Dec
12% Jan
13
14% Feb
10
de
Pasco
17%
17%
37%
7%
42%
42%
42%
43
42%
*151
35%
106'/4
*4
24
Dec
Jan
27% Jan
Jun
29% Mar
25% Jan
25
49%
Jun
55 y2
Dec
53% Jan
17
25%
Jun
41%
Dec
39% Jan
13
56%
10
Jun
May
36 y4
82
Dec
13%
20
32
3
21%
15% Feb
4
3
79
14
Jan
30
13 y4 Jan
13
Lowest
$ per share
X13
Jun
2%
35
Lowest
16%
Jan
13% Jan
Jan
3 % Feb
14
Jun
60
Jan
45% Jan
3
30%
Dec
36
Jan
44%
Jun
68%
Dec
30% Jan
62% Jan
13
26%
Apr
32%
Sep
30
34
97%
6%
Jan
105%
Sep
Feb
42%
29 %
Dec
26
Jan
24
Jan
59%
Dec
58
Jan
13
8%
Dec
Feb
103% Jan
4
6
7% Mar 11
8% Jan
14
79%
Jun
86
Sep
82
Jan
3
87
Feb
Jan
34%
Dec
31% Jan
13
34
Mar 15
16
Jun
19%
Oct
16% Feb
16
20%
Jun
30 y2
Nov
85
Jan
36% Mar
Oct
to 0
05"
Jun
105
:
Jan
61%
Dec
43%
24
19% Mar
Mar 11
28
3
Jan
10
112%
28 V2
108
Jun
Dec
109% Jan
27
3
46% Feb
17
112% Mar
Mar 10
Aug
106 y2 Feb
73
Feb
62% Jan
3
4
Chic
5%
&
Louisv
Jan
4
43
15%
Jan
12% Jan
3
Dec
32% Jan
13
1.4% Feb 10
37% Mar 15
101%
Dec
3% July
105'A
Dec
70%
5%
30%
Feb
141%
Sep
82%
Jan
Nov
Xl24%
Jun
172
54
Nov
64
1075
Jan
29%
Feb
89
Jan
Xl 3%
37
101
Jan
Jun
July
21%
133
Feb
12%
Jun
15
1075
43%
100
17%
19
Sep
July
Jan
Jan
4% Mar
13
112% Mar 16
2
5% Jan
23% Mai 10
138% Jan
77% Jan
158
53%
5
Feb
5
27
Jan
11
143
4
Feb
18
81% Mar
25
Jan
Mar 14
21
165
55
8
Jan
3
Mar
8
Jan
Dec
42% Jan
98
Feb
8
Jan
16% Jan
13
15
Feb
3
46% Mar 16
100
16
Jan
9
19% Jan
20
17% Jan
11
12
Jun
19%
Jan
16% Feb
15
18 y4 Jan
7%
Jun
17%
Dec
16
13
25% Mar 15
8%
Jun
17%
Dec
Childs
4%
C
I
2,700
9,500
32%
*103'ft
5%%
Claik
C
Jan
16% Jan
13
5%
5'ft
*5'ft
5%
Is
4'ft%
5'ft
5%
5%
5%
5%
11'ft
5%
11%
11%
10%
2,300
11%
11%
11%
13%
13%
13%
11%
14%
11%
14%
3,000
34,400
5%
13%
Oct
14% Feb
20
68 %
Sep
63
Jan
10
66
Feb
14
32%
Oct
30% Feb
15
33% Jan
10
20 Va Jan
4
12% Jan
4
22% Mar
6
24% Feb
57% Jan
109
8,600
4,900
*55'ft
56'ft
*55'ft
28%
56%
*55'/a
56'ft
x56'/a
56'/a
56%
14%
44'ft
56'ft
x43
55%
55%
300
43'ft
42%
43%
43 'ft
88
44%
44%
88
44%
43%
x85 'ft
44%
86%
85 'ft
7,200
86
8 6'ft
P7
87%
88
87%
*12%
88%
13%
13'ft
13%
2,300
13
13
*12/8
*12%
13%
200
RR Co
series
LOW
Oil
Elec
8
Co
7%
Jun
10%
Jun
121/4
•
Dec
Apr
9% Mar
12
8
10% Jan
25
33
Jan
13
110% Jan
9
'
103 y2
105 y2
Apr
Apr
27%
Jun
93
Jun
13%
Jan
36
113%
110%
41 y4
103
17%
x98
85
Jan
30 y2
Jun
37%
Jun
102%
95
May
Dec
Dec
109
Feb
20
Dec
38% Jan
3
Nov
101% Jan
11
Dec
17
Jan
3
Feb
6
14% Fez
28
36
Mar 16
112% Jan
111
28
Jan
4
45% Mar 16
106
Mar 15
19% Jan
24
Dec
95% Jan
9
Dec
35% Jan
102 y4 Feb
13
8% Feb
7
9% Jan
9
Mar 17
78% Jan
11
Dec
6%
Jun
9%
Dec
56%
Feb
78%
Dec
For footnotes see page
73
22.
3
Jan
24
39% Feb
17
100
103
Jan
1
7
10,900
%
1
1
107%
107%
107%
27%
27%
27%
27%
64%
65
65%
1,800
65
65 %
66%
66%
67 %
9,000
7'ft
*86'ft
7'ft
103
7%
7%
*7%
7'ft
7%
88
*84%
83
*85
88
33
33%
33%
*33
33%
33%
18%
18
18
19
18%
24
24
*24
*120
170
*120
170
75
*70
18%
75
44%
44%
110
110
*27
28
*106%
107%
44 %
110
24%
*24%
*120
*65'ft
44%
110%
44%
110%
27%
27%
*27%
*106%
107'ft
*106%
24'ft
170
75
45%
7%..
*86
24 'ft
*120
*65 'ft
45%
7%
7%
88
•
*86
34
34
19%
18
24%
*120
75
33%
18%
24%
*24%
45%
1,300
33%
2,100
18%
1,800
25
*120
75
*67
300
170
75
46
46
46%
111
111
*111
111%
340
op
28
27%
700
111
*110 1/4
23
*27'ft
27%
*106%
107%
*106%
107%
107%
7%
120
88
170
*65%
45%
*36
18%
24%
170
57,700
7%
88
34
111
27%
*107
6,900
108
50
*70%
71'ft
70%
.-50
*40%
41%
42
*70%
71%
42%
43
*70%
42%
71%
13%
13%
xl3%
13%
*41%
42%
13%
13%
*41%
42%
13%
13%
170
36'ft
36%
36%
36%
13%
13%
36%
36%
37
13%
37%
13%
4,200
*109%
110%
109%
37%
110%
37%
36%
37%
7,100
110%
gtd
4%
No par
*23%
4%
24
*70%
42
71%
*70%
xl09
71%
109%
70%
*42
111
112%
4%
4%
112%
112%
*4%
4%
4%
4%
23%
23%
4%
23%
23%
4%
23%
4%
23%
4%
1,800
23%
23%
23%
3,100
*140
100
' *80%
81%
*80%
81%
*80%
81%
xao'ft
80%
No par
159 %
159'ft
159%
159%
X159'ft
159%
159%
159%
*54'ft
54 %
54%
54'ft
54%
54%
54%
54%
*1260
142
141
141
*1253
*138%
139
139
139
*80%
54%
*1240
46%
46
46
46%
46%
98'ft
98%
98'ft
98%
*97%
99'ft
*97%
17%
*17%
139
1,110
120
81
80%
80%
100
160%
160%
1,100
54'/a
54%
620
46%
4,000
54%
*1240
45%
99%
17'ft
17%'
17%
17%
17%
17%
46
*137
112
160
160
43
*97
No par
*140
'1260
46
No par
Corp
142
~50
23%
100
18
*1240
46%
46
99%
*97%
18%
17%
99'ft
18
50
2,300
Corp com„No par
preferred——
—20
15%
15%
15%
15%
15%
16%
16%
16%
16%
*16%
16%
16%
17%
23
17 Va
23
22'ft
23'ft
17%
16%
17
22%
23%
3,200
23%
25%
25
*23%
24%
25%
24%
25
24
24%
24%
26%
2,160
26%
27
26
26%
*24
Ry com—100
1st
preferred
100
2nd preferred—100
-2.50
Gas
System
Pictures
Carbon
&
So
*22'ft
29%
*29
>
Inc—No par
12%
common—No par
preferred
cum
*24
Sys Inc cl A—2.50
w
14%
w—No par
Co__
No par
Ohio
Elec
Co
.
24%
16%
Superheater
11,000
1.920
21%
22 'ft
22%
24
24%
29%
24%
29%
29%
24%
30
30
30%
790
29%
30%
29%
31 %
29%
31 %
31%
29%
29%
7,300
29%
30'ft
12%
30%
31%
12%
12%
12%
31%
13
31%
13
13'ft
5.300
13
13'ft
13%
127,100
11%
1.1%
13'/a
13%
3,400
64%
63
63
14%
13%
14
13%
64
64
64
31%
31%
31%
22
21%
22
25%
25%
25%
61%
61%
107%
107'ft
16%
16%
29%
107%
No par
common
16
'ft
.,10
Inc
Credit
16%
22
preferred
100
Commercial Solvents———No par
3.60%
16%
22%
*31%
22
15%
23
*63
5
15%
*63
31%
*21%
13%
13%
11%
61%
-25 %
61
25%
13%
'
64%
*63
64%
*63
300
31%
31 %
31%
31%
31%
31 %
22
31%
21%
22
3,800
21%
22
22
22%
7,100
Engineering
25%
25%
%
61 %
61%
61%
107'ft
106%
107%
107%
26'ft
62%
109
23
,
62
1G7%
26%
26%
26%
4,600
62%
61%
62%
17,200
108%
107%
108%
8,110
17%
17
17%
17'ft
17%
16%
17%
32
17
31%
32%
17'ft
32%
17%
17%
32%
12,500
*10 'ft
10%
32%
32%
No par
10%
10'ft
32%
10%
23%
10%
32%
10%
33%
10%
20,200/
Inc———-Nopar
Cigar
—No par
28%
*31%
28%
32%
28%
28%
10%
2S%
10 %
28%
29
10%
29
10%
2,500'
28%
32%
*31%
32
28%
32
32
32
*3%
3%
3%
32
3%
3%
30'ft
108%
30%
30%
30%
30%
Co—.—25
$5 preferred
No paj
Consolidated Laundries
8
33%
107%
Iron
Broad
Corp
1.33'ft
Corp
5
15
Consolidated Natural Gas
of
RR
33%
Southern
Commercial
Consol
34
27%
No par
com
Consolidated Grocers
9
33%
103%
*65'ft
preferred
(The)
10
30
52,900
27
1
28
19% Jan
66%
25%
Consolidated Coppermines Corp——5
Consol Edison of N Y com—No par
12% Jan
65%
107%
Consolidated
3
30
65%
107%
6
13
108%
3,530
65%
*26'ft
No par
com
com
12% Jan
Jan
33%
42,700
100
14% Jan
11
34%
65%
33%
4'/a
50%
32
65%
X108
100
pfd
6
16% Jan
49"
*31%
1
5
Jan
51
32
No par
12% Mar
12% Mar
64%
51
*31
26%
103'ft
*18
stock
11% Jan
21%
54
32
65
100
7%
Jan
Feb
53 '/a
*31
26%
100
Sep
Jun
34
34%
'•
65%
Co common—1
11%
11%
34%
34%
54%
,22
<65
27
6
6
64%
*31
Shares
17%
4
65%
Feb
47% Feb
34%
65%
20
14%
3
53%
31'ft
64%
*16%
4%
27
Jan
109% Mar 13
,,
31%
17%
4
*109
Congoleum-Nairn
Mar 16
54,
.52
66%
*16%
Sales for
the Week
$ per share
10
6
32
52
32
*
33
Ry Co com
Jun
10
4'ft
4
3
42% Jan
17%
4'ft
41
15
107% Feb
s167ft
4%
30% Feb
x31% Mar 17
Oct
17%
4'ft
i_5
Conde Nast Publishing Co
27% Jan
*16%
4%
$ per share
—ft1
Co
Commonwealth Edison
Dec
17%
43ft
5
11% Feb
3% Feb
*16%
Friday
Mar. 17
Mar. 16
$ per share
4'ft
100
33% Mar 16
3
Thursday
Mar. J 5
$ per share
17%
No par
13
Jan
Wednesday
Mar. 14
$ per share
12%
1,700
PRICES
4%
No par
29% Jan
27
Tuesday
Mar. 13
SALE
*16'ft
8.50
com
Dec
3
Monday
HIGH
—10
3
3
$ per share
AND
,
1
Feb
29% July
Saturday
Mar. 11
21% Jan
46% Mar
13%
*12%
STOCK
8
38%
^.100
No par
11
Jun
No par
A
10
Jan
Apr
14%
31
16% Feb
Dec
X106
14%
28%
Dec
Mar
5,900
30'ft
6
10
600
29%
15
6
4%
29%
10
29%
2,200
11,500
29%
Aikman
Columbus
8
31%
Internatl
Columbia
4%
7%
14%
4%
No par
Columbian
4%
8'/a
100
2nd
&
4%
29%
8
29%
31
64 % Feb
34%
Feb
27% Jan
6
29%
29%
112% Feb
Feb
21%
17
7:%
29
3,600
8,600
9%
3
16
105
4%
18
27%
*8%
29 'ft
B
$4.25
4'ft
*4%
17%
9%
31
19
Jun
.
9
14%
Jan
2%
4%
9
30'ft
&
conv
Combustion
25%
*4'ft
9
x28'ft
preferred
non-cum
7%
10% Aug
30% Nov
4%
4%
4%
9
14%
Inc
4%
48 % Mar
30%
9%
9
x27
28'ft
4%
Columbia
Jan
9%
14%
18%
28
30%
Milling Machine Co
&
13% Mar 17
Jun
17%
27%
30
—
conv
14
Jun
17%
27%
14'ft
S3.50 preferred
11% Feb
7%
17'ft
27%
*4%
Corp
No par
Colgate-Palmolive-Peet com—No par
Dec
24%
17%
27%
7'ft
28 'ft
A
13
25%
17
27
64%
Co
14%
17%
27%
50"%
cum
14'ft
17%
2
9'ft
*31%
Gas
14'ft
17%
27%
9%
30'/a
Cab
gtd
Colorado
14
17%
26%
25
28%
RR
Fuel
700
5'ft
10%
25
Coca-Cola
Colo
85
30%
St Louis
&
85
11'ft
100
Foods
Collins
85%
2,600
28%
Pac
Pitts
Class
30,000
85%
8%
30
Peabody & Co
preferred
4%
1,200
30%
8%
30%
Clopay Corp
7%
28%
29%
28%
Cotton
cum
Cluett
28%
30%
*28%
com
Molybdenum
Clinton
28%
29%
270
13%
100
YORK
4
26%
8%
28%
72
102
U'ft
common
Special
700
1,500
101%
No par
Tool
preferred
&
28%
34%
34
103%
8%
13%
Corp ————.——25
S4.50
Class
20%
*5'ft
I
28%
34
500
preference—No par
&
non-cum
Feb
33%
103
8%
8
y2
14%
Cleve Graph Bronze
Climax
7%
14'ft
Columbia
Jun
P vtc
Illuminating
preferred
31% Mar 17
13%
&
Cleve Elec
31% Mar 17
Dec
>;• 7%
14'ft
&
3
Dec
7%
14'ft
4%
Jun
*28%
33%
10°".
7%
4
9%
29
33'ft
101'ft
29%
24% Mar
13
29
33
10"
7%
Mar
$7
29%
32%
If"
■
28%
non-cum
13
Dec
*23%
33%
105
7%
Equipment
C
28 y4 Jan
60 Va
*32%
*102%
com—No par
Co
preferred
28 y4 Jan
27%
32%
105
*83'ft
City Investing Co'common
Dec
107%
10,000
8%
84%
City Products Corp
City Stores Co
Dec
Feb
16%
*7%
*83%
Financial Corp..
28%
Jan
1.5%
8%
17%
preferred
T
29 %
Feb
15%
8%
29%
Cincinnati
Jun
21%
15%
7%
200
17%
preferred
16%. Jun
95
26.400
15%
7%
7%
5%%
17%
46%
16%
15'/a
8
*7%
28%
Chrysler
15% Jan
Sep
16%
15
13
17%
29 %
Chile Copper Co
Dec
22%
16%
15
7%
7%
Co
16%
Jun
15'ft
28%
Chickasha
Jun
18%
16
15
7%
Yellow
7%
Jun
16
28%
Coca-Cola
Dec
Jan
15%
29
Par
Cleve
43
*12%
*12'ft
16
No par
preferred
Chicago
24
35 %
12%
13
15%
28%
Ry Co cl A
Paul
Pneumat
Conv
71% Feb
Dec
12%
*12%
16
preferred vtc
—100
& North West com—No par
Chic Rock
3
Jun
12%
13
15%
29
29
No par
convertible
5%
Aug
1,500
19%
preferred
$3
9
10%
10
9%
19%
A
Chicago
18
36%
111%
9%
40
Milw St
Chicago
5,500
111%
9%
19%
A
Series
113
9%
*12%
100
Class B
29% Jan
24%
*111
9%
85
107% Jan
24
113
9%
85
5%
43% Jan
*111
84%
3
Mar
Dec
9%
84%
C
108
113%
*9%
84%
4
25
67
*112'ft
1,300
17%
preferred
Rights.
Feb
38
30
Mar 16
67% Mar 17
38
2
Cincinnati
29
38%
28%
24
109% Mar
38%
27
5
1
38%
2b
34% Feb
4
38
29%
68% Jan
% Mar 16
x20
Jan 16
38
5,700
2b*/2
54% Mar 14
5
Jan
24
10%
9%
EXCHANGE
4% Mar 13
10
28%
NEW
18% Feb
1,500
10%
19'ft
$ per share
4
5 Va
Jun
16%
29%
Highest
$ per share
4%
*16'/a
4'ft.
27
Range Since Jan. 1
Highest
4%
16%
10%
113'ft
STOCKS
$ per share
4%
16%
10%
7%
Range for Previous
Year 1949
4%
16%
10%
28%
88% Mar 17
12
Nov
Jan
4'ft
16'ft
10%
26%
x56Va Mar 15
46% Feb
4'ft
16%
10
7%
21
Feb
30 % Mar
4'ft
16
r
29 %
1
3
4'ft
20
18
Jan
8,400
*4
17%
5 Va Feb
11
3,100
10%
17%
19'ft
5
3
17%
10%
17%
17
Jan
8% Feb
17%
10%
19%
4
35% Feb
17%
10%
17
Jan
13
600
17
10%
19'ft
Chic
Mar 10
17'ft
17%
16%
18
7 Va Jan
17%
16%
10%
*17
19%
23
28
17%
16%
10%
17
10 Vb Feb
Jan
17%
16%
10%
16%
28% Feb
Jan
17'ft
4,900
17
3
Dec
100
100
17'ft
19%
17
1
3
8%
19
7%
7% Jan
15
19%
*19'ft
19% Jan
34%
19%
22,600
8%
11% Jan
Jun
137
19 'ft
Jan
Jun
31%
106
137
10'ft
26%
Ind
31%
*105
16%
29
Class
32%
105
137%
19 '4
Dec
Jun
31%
105
10%
26'ft
RR
20
106'ft
16%
Chesapeake Corp of Virginia.
5
Chesapeake & Ohio Ry common—25
111
*105%
*7%
Mfg
& East
106%
*17%
7%
Chic
105%
4,900
11,300
—5
No par
convertible
36%
*135%
.19%
1.25
3%%
43%
152
36%
No par
Copper Corp
Nov
4%
*
32%
18%
9%
15
152
36%
19
*112%
15
43%
152
2,200
2,100
18%
9%
Co
44%
8
36%
106%
x32%
8
19%
113%
13%
44
106%
*9'ft
16
10
9%
*105%
8%
"•151%
3G%
137
*112'ft
15%
13%
17
,45
*105 'ft
37%
*12%
8
153
36
X137
37%
20 %
5V2
18%
38%
33%
37%
9.50
18%
*37%
140
38
•
500
18%
106%
16%
50
5,500
38%
33
10'ft
*
34'ft
32%
18%
*106
139
34
*37%
33%
138
40
32%
8%
44%
106%
800
21,300
32%
18%
*151'ft
36
300
34%
*32%
38 %
106%
10'ft
Jun
Jun
33%
*106
15%
Products
Cab
4'ft
44%
*105%
10%
Feb
3
106'ft
%
8'ft
153
35%
*105%
18
34
104
*37'ft
8
*151
35%
16'ft
Jun
4
151
35%
36 Va
5%
18% Mar
151
10'ft
37%
12%
13
*37
100
Chicago Corp (The)
1
Chicago Great West Ry Co com—50
5% preferred50
7%
153
35 y2
*105%
Champion Paper & Fib com—No par
$4.50 preferred
No par
Checker
24
Feb
17%
*37%
No par
Chain Belt Co
85% Mar 16
•
77
17%
8
38'ft
Corp com__5
Central Violeta Sugar
Century Ribbon Mills
21%
22% July
18% Jun
17%
38
50
6% July
7% Mar 15
17%
100
14% July
9% Jun
90
34 'ft
x7%
common
West
104'ft
32%
No par
of. N J class A
South
*104'ft
8%
Co
B„_
&
11%
33%
10
5 7c preferred series B vtc
Central Hudson G <fe E Corp
Oct
11%
31%
17%
12
Oct
11%
31%
10'/a
4 'ft %
56
33%
16%
Jan
27
56
*55%
33%
10'ft
Light
preferred
57
57
31%
*16'ft
Illinois
*55%
32'ft
*17%
Central
57
33%
1
9% Jan
2
16%
33%
5
Co
49%
16%
*8 Va
Co
Ry
49%
16%
*31'ft
19%
Ga
49%
16%
33%
19'ft
of
49%
16%
32 y4
19
Sugar
50%
16'ft
31J/4
*37
Shares
*49%
33%
•=■
No par
-20
15
11%
1.04 %
137%
Aguirre
14%
104%
33'ft
Foundry
Oct
*104'/8
139%
Central
Dec
104'ft
*
104'ft
106'ft
Central
8
104 'ft
104%
33'ft
10
12
104'ft
*105%
27
Feb
11%
*138
4% Jan
113
11%
100
17% Mar 15
9
11'ft
*104%
Corp of Amer com__No par
preferred
No par
11'/a Feb
110% Feb
11%
100
3
Dec
11'ft
100
common
4.20%
3
38% Feb
*55%
11'ft
Sales for
the Week
$ per share
16
25
3
10
56%
11%
50
common
Jan
35% Jan
*55%
11%
50'ft
16
1
series
Jan
Dec
56%
11 %
Corp common
preferred
5%
10% Mar 15
*55%
Corp
4
Jan
16'ft
.10
4%
9'/4 Jan
Dec
50%
*15'ft
1st
2nd
17% Jan
15
9%
Jan
7%
$ ner share
*49%
*49'ft.
Friday
Mar. 17
Mar. 16
S per share
17
preferred..
34.75
Mar 14
Celotex
Jan
Co
$ per share
50%
No par
Jan
11% Mar
24 y4
104%
Celanese
10
4
I)
Thursday
..Mar. 15
*43%
—5
General
Preferred
Jan
Jan
&
Light
7% preferred
Caterpillar Tractor
21
xl7
Jun
Nov
140
&
preferred
(J
8
Jan
6% Mar
33%
Case
25
Apr
14%
Conv
Power
Carriers
9
10
13% Jun
18%
Mar
34% Feb
97
Jun
Mar 17
36% Mar 17
106
13
X114
15%
24
48% Jan
13
Carolina
$ per share
PRICES
Wednesday
100
Ry
Carpenter Steel Co
IS'/a
34% Mar 16
SALE
Mar. 11
015 V2
Inc
Clinch
HIGH
Tuesday
Mar. 13
10
A
:
Airlines
Carolina
common—1
(1153)
1
class
preferred A
Capital
$ per share
AND
Monday
Mar. 11
Par
56%
51/4
,
Saturday
$ per share
12 %■ Mar
100
CHRONICLE
LOW
STOCK
EXCHANGE
50
Mar
FINANCIAL
STOCKS
Year 1949
Lowest
&
Cuba
Consolidated
Consolidated
6%
Retail
Textile
pfd
Stores
100
Inc
1
:
32
12%
*11
108%
12%
11%
43%
43%
*17%
17Va
12
12
*32
109%
109
3%
30%
30%
109%
108%
3%
3%
31%
31%
109
28%
400
3%
4,300
31%
32
31%
3%
3%
28%
x31%
31%
64,300
1,800
43%
17
108%
12%
108%
12%
12%
12%
109'/a
109'ft
12%
1,800
12%
11%
12%
*11
x 11
109%
3%
12%
*11%
*12%
11%
12%
11%
11%
1,000
*11%
11%
43'ft
43%
43%
11 %
11%
44
300
44
17
%
11%
45%
45%
16%
16%
45%
45%
17%
17%
7,700
17%
*11'ft
17%
16%
17
11%
*11%
11%
11%
11%
1,400
1,100
Inc
10c
*9%
*9%
9%
1
12%
9%
12%
12%
13
11%
9%
11%
9%
Consolidated Vultee Aircraft
12%
12%
"12%
9%
13%
13%
2,500
com..—No par
35%
*111'ft
35%
35%
35%
13%
35%
35%
13%
35%
13%
35%
28,800
35%
36
111%
*111%
35%
36
111%
111%
112%
13,800
111%
109%
111%
*109%
111%
109%
111%
*109'ft
109%
109%
44%
109%
45%
109
109%
100
44%
3,200
Consumers Power Co
CO
$4.50 preferred
.No par
i
$4.52 preferred
Container
4%
Continental
$5.50
No par
Corp of America com__20
preferred
111%
109%
44%
9%
111%
*109'ft
43%
9%
43%
43%
43%
105'ft
105%
43'ft
44%
*104'ft
Baking Co com—No par
18'ft
18%
No par
98'ft
98'ft
99
99%
20
37%
37%
37%
37%
37%
37%
37%
*101%
102%
102%
102%
*102%
8%
8%
8%
8%
8%
8%
74%
73%
74%
Can
Inc
—
common
$3.75 preferred——
Continental' ntomnnd
Continental
109%
*43%
9%
100
preferred
Continental
9%
Fibre
Insurance.
No par
5
10
106
*102% 103
*8%
*74%
8%
74%
*104%
106
18%
19
74%
7 4'ft
19
100
74
19%
100
106
19'/a
100
106
19%
100
38%
103
*105'ft
xl8%
x99
38
44%
106
*105%
340
20
18%
39
106
19
5,000
99
19%
100
99
420
38%
38%
7,400
"
102%
102%
9
9
73%
9%
74
102%
8%
73
103
800
8%
1,400
73%
2,300
13
14
COMMERCIAL
THE
(1154)
YORK
NEW
Range Since Jan. 1
Highest
Year 194?)
share
f per
share
S per
NEW
5%
Jun
8%
Jau
6% Jan
3
47%
Feb
65%
Oct
55% Jan
25
t per
RECORD
Saturday
Mar.
Par
share
7% Jar
9
Monday, March 20, 1950
LOW AND HIGH
STOCK
YORK
EXCHANGE
Lowest
Highest
$ per share
STOCK
CHRONICLE
STOCKS
Range for Previous
Lowest
FINANCIAL
&
Continental Motors
t per share
1
62% Mar 17
Continental Oil of Delaware
Continental Steel Corp—
Monday
G%
Tuesday
Mar. 13
11
t per share
6%
SALE PRICES
Mar. 11
Mar. 16
Mar. 15
t per share
f per
fper share
6%
6%
60 Va
60 Va
61%
61'A
62
15%
16
16Va
59
59%
59%
59 V8
15%
15%
15%
15%
*15 Va
25%
62'A
13,600
153/4
7
58%
16,000
62
6%
5
Shares
6%
153/4
800
4,900
63/4
6%
14
Sales for
the Week
$ per share
share
6%
7
6%
Friday
Mar. 17
Thursday
Wednesday
.
liy4
Jun
15%
Jan
13% Jan
3
16% Feb
16Va
15 Va
19%
Jun
24%
Dec
231/4 Jan
4
26% Mar 14
25%
26
26Va
26%
x25%
26
Jan
11
55% Mar 13
Cooper-Bessemer Corp common
5
$3 prior preferred
No par
25%
54
*55%
56
55%
55%
55 Va
55%
*54'A
55 Va
No par
*12%
12%
12%
12%
12 Va
12%
12%
13
13
13%
13
13
2,100
5
15%
15%
15%
15%
15 Va
15%
15%
16
15%
16 Ve
16
16 3/a
3,700
50
1
20
*48 Va
48%
*4SVa
*48 Va
*48%
48 %
55% May
51 % July
28
9
Jun
12%
Feb
12
Jan
17
13% Mar 16
Copper Range Co
12
Jun
191/4
Jan
14% Jan
3
17% Feb
4
Copperweld Steel Co common
49
Dec
52
Feb
48% Feb
16
49% Jan
11
7
Jun
11%
Dec
10% Jan
3
14% Feb
14
57% Jan
3
67% Mar
6
58i/4
Deo
20
Apr
30%
Dec
287/r Jan
13
94
Jan
102 Va
Deo
100 % Feb
21
1011/4 Jan
92'/a
Jan
102
Sep
100 % Feb
21
102% Jan 27
57
Jan
Dec
67% Jan
13
49% Mar
73%
36
Mar 17
5
727/8 Jan
3
185% Mar
8
Convertible
Corn
series
pref 5%
Dubilier Electric
Cornell
Corp
Exchange Eank & Tr Co
Corn Products Refining common
7%
182% Jan
31
Dec
4 % Jan
28
Jun
2%
Oct
2
Jan
0
2% Feb
25
21 '/a
Jun
32 '/a
Jan
27
Jan
3
30% Jan
31
96
Jun
___
Coty Inc
Corp
105
Jan
11
Nov
12% Jan
18
14
Jan
5
Creameries of America
23
Feb
Deo
28% Jan
23
30% Mar
4
Cream
of Wheat Corp
13%
Oct
191/a
Jan
15% Jan
26
17% Jan
3
Crown
Cork & Seal
Dec
101% Mar
Jan
40
19
42%
Apr
Jan
18
20
Jun
30
Deo
27% Jan
13
94
Mar
105
Deo
1021% Jan
11
105
Feb
90
May
99%
Dec
99% Jan
3
105
Mar 13
14
Nov
24
Jan
16% Jan
3
20% Jan
11
7 2'/a
Jan
55
Feb
8
59 y2 Jan
11
31
Apr
20% Feb
28
16%
Dec
15% Jan
4
36i/b
Jan
49
Nov
21
July
12%
160
Feb
5%
May
160
May
39
14
7"% Jan
8% Mar
Jun
Feb
3
175
8
34% Mar
27
3%%
$2
preferred
Cuba RR 6%
Cuban-American
Feb
9% Jan
31
3
Mar
24
13% Jan
19
1
25% Jan
5
Feb
8%
Oct
Jan
9
Curtis
7
49% Jan
16
3
55% Jan
28
7% Jan
3
9% Feb
10
Jun
24%
Jan
20% Jan
3
Feb 21
24% Feb
10
Jan
20
Cushman's Sons Inc
25% Feb
25
261%
22% Feb
Jan
17
138
68 Va
68 %
68 Va
69 %
69
69'A
693A
*184%
185%
184 Va
184%
*184 Va
185%
165%
185%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
*2%
2%
2%
2%
2%
2Va
2%
2%
*2%
2%
27%
27%
27%
28%
28 Ve
28'%
28
28
*102
103
13
*30
27%
103
103
103
*102
103 Va
12%
13
12%
12%
13'/a
30
30 'A
30%
30%
16
15%
16
16
16 Va
*39
39%
102
13 Vs
30
15%
15%
*38
103
185
30
13
30'/a
15%
28
185
39 "A
39%
39
39%
13
X30'A
16
39%
39 Va
103
70
69%
185'/a
185 Ve
53/4
1,800
2%
2,000
102
102
13
30
1,400
16 3/a
16
16%
5,800
39%
39%
39'A
33
32%
32%
32%
32'%
32%
32%
104%
*104%
104%
1043A
104 3%
1043/4
1043/4
*103%
104%
105
105
103Va
103%
104
*103'A
*17%
18
18
18%
18
*56
57
56
56%
'56
*20%
21
*20%
21%
*20%
*16%
17'/a
16%
16%
16%
8%
*69
8'A
104%
103'A
103 7/a
40
18%
18%
18 Vs
18%
*18
18%
2,000
57%
57%
56'%
573/8
57
57 Ve
1,100
21%
*20 3/4
*20%
21%
xl6 Va
16%
180
*160
8%
8%
175
8%
8%
*69'%
70 Va
21%
163/4
175
8%
71
213A
*20 3A
16 3/4
16 3/4
*160
180
83/4
8%
71
*68%
70'A
*69
*12
12%
*12
12 'A
12
*11%
12
11%
11%
113/4
12%
23%
*22%
23%
*22%
23%
*22%
23%
23
23
23
23
6%
6%
6%
6%
6%
6%
6%
7
*128%
*49%
8%
8%
8%
8%
*22 '/a
22%
22%
22%
Class A
100
*129
No par
7%
70'A
*69
12
63A
129
129
*129
130
*129 Va
130
■130
*49
51
50
50
*49%
50
50
130%
51
*23
pfd
70'A
16%
16 Va
180
*22%
Curtis-Wright common
131
'129
131
23%
23%
7
63/4
130
1293/4
6%
130
,
1,400
10
5,100
200
700
200
7,300
470
*129
51%
40
8%
8%
8%
8 3A
8%
8%
83/4
18,000
22 'A
8%
22
22 %
22%
22'%
223A
22%
22%
3,000
131
*23
23%
200
*103'A
57%
8%
70 %
700
3,000
18
*160
8%
1,400
13
30
32%
8%
1,000
13%
104%
180
9,400,
30%
32%
'160
130
350
28 Va
104%
180
100
6,700
3/a
53A
2
32%
*160
10,700
27'A
1
Cutler-Hammer Inc
125
Jan
137
68%
102 3A
1
122% Jan
Apr
Sep
68%
36
100 3/4
No par
Oct
NOV
9%
197/a
68%
.
36
O O nP
*1013/4
No par
$7 preferred
Prior preferred
52%
Mar
133
102
2.50
common
145 Va
18 %
102
35
No par
Publishing
Jun
7
102'A
5
Dec
43%
*101 "A
104%
Cuneo Press Inc
Jun
109
102'A
32%
Cunningham Drug Stores Inc
134% Mar
*101'A
100
14
II1/2 Feb
23
8
100%
102%
104%
preferred
67V2 Jan
Feb
14
35 7/a
100 'A
'100'A
10
Dec
6% Feb
X35 Va
100 Va
102%
34 %
34
104%
common
13%
4%
35 %
100 Va
*101%
100
Cudahy Packing Co
4%%
34%
100 Va
33%
*32%
preferred
25%
Mar
34 Va
pfd
100
Sugar common__10
Nov
Jan
65%
*100'A
non-cum
Feb
73
66
940
101
100
16
Jun
3,700
No par
com
10%
60
13%
65%
5
convertible preferred
6
71
13%
65%
No par
$4 2nd preferred
7%
14%
65'%
No par
common
Crucible Steel of Amer
9
175
14
65%
5100%
No par
14
Jan
13%
65 Va
101
2.50
common
Zellerbach Corp
19% Jan
25
13%
65
2
:
$4.2o preferred-
5%
13%
1
(The)
preferred
Crown
13%
100
8
14%
29%
104
13 Va
66
25
Jan
8%
48%
13%
66
1
Crane Co common
6
6% Mar
*48 Va
13%
67
33%
100
Coty International
189
'
'
483A
43 Va
48%
13%
*100 %
25
*
50
66
1
preferred
Sep
5'/a
1%
Jan
26 Va
55'%
100
pfd 3%% series of 1947
3% Mar
171 '/a
25%
*54 5/a
5
preferred
Cum
48%
26 Va
55%
100
Corning Glass Works common
3%%
26
*54'A
*129
23'A
23%
50%
*493A
"129
23%
131
*129
24
131
24
24
131
24%
2,100
25,400
D
9
Jun
13
18 Va Mar 17
87
Jan
96%
NOV
96
Jan
12
97% Mar 14
11% July
14%
Deo
13% Jan
25
15% Mar 15
Jan
17 Va
May
15% Jan
3
Mar
22 Va
Dec
26%
Jan
31
92
Jan
98% Aug
92'/a
Jan
100 Va
Deo
97% Jan 24
7%
Jun
12/8
Nov
11% Jan
4% May
9%
Jan
15
Xl6%
13'A Jan
15% Mar
213/4 Jan 23
17
Jun
29
433A
5
Chemical Corp
Davison
15
17i%
*16%
17%
*16%
17-3/4
*16'%
17%
221%
22 Va
22%
23%
23%
23%
23%
1,700
5,400
series A
100
*100%
series
100
*100%
Dayton Rubber Co
50c
14%
Decca Records Inc.,.
50c
83/a
3
15% Feb
11
Jan
5
10
27
22
Jan
3
38% Jan
4
35% Jan 13
36
Jan
Mar
Deere <fc Co
21% Jan
23% Feb
14
19
Jun
30 Va
Deo
26% Mar 10
31
Jan
11
343/4
Jun
53%
Deo
46% Mar 13
57% Feb
27
12%
Dec
14%
Deo
12 Ve Feb
13% Jan
10
20
Jan
50
Jun
23'A
Sep
21% Jan
15
13
58
Jan
53
Jan
6
6% Feb
21 % Mar
Jan
24% Mar
,
7
Lack
30
14%
14%
143/4
14%
14%
15Va
143/4
15
6,500
8%
8%
8%
8%
8%
8%
9'A
8%
15
8%
243/8
24'%
24'%
24 Va
243/4
243A
25 Va
2,400
443/a
44Va
453/8
45%
46%
46'A
46%
46%
47 3/a
24,400
35 %
353/4
351%
35'%
*35%
35%
*35'%
353A
*35%
353A
300
100
*33%
34%
32 3A
33%
32%
33
34 Ve
3,200
50
93/a
9%
x9Va
9%
9 Va
93/4
9,700
ctfs
for
23 Va
2,200
Escrow
ctfs
9%
34
9'%
34%
93/a
*22%
23 Va
23%
23
23'/a
23'/a
23%
23
23 Va
27
27
27 Va
27%
271/4
26%
27%
27%
28
273/a
273A
2,900
100
47%
47%
46 3/4
47%
46 3/4
47'A
47%
48%
47%
48%
48%
43'A
4,100
8
for
23%
26%
*12%
13 Va
xl2%
12%
123%
123%
12%
13
123A
123A
12%
123A
1,500
23 3%
23%
233/4
23%
233A
7,400
62
58
58
*23
100
common
preferred
(The)
Edison
23%
20
1
>
i
233A
■> 62
*58
23'%
*58
62
233/4
23%
23%
23%
1
*6%
6%
6%
6%
63A
6%
6%
6%
6%
6%
*63A
6%
1,200
1
21%
21%
21 Va
21%
*21 %
21'%
21%
21%
21 »/4
21'%
21%
2L%
2,300
13% Jan
11
Detroit Steel Corp
De Vilbiss Co
NOV
xl2% Jan
6
20% Jan
13
Jan
35% Mar
58
Mar 15
23
8
3
3
40% Jan
39% Jan
44% Mar
9
Devoe
&
6%
5
Raynolds
Diamond
Match
class
453A
13 Va
Dec
8
13% Jan
3
9%
NOV
8 Va Feb
27
9 % Jan
5
12%
Jun
18%
Dee
17% Jan
13
Mar 17
20
NEW
Range Since Jan. 1
Highest
t per
share
4
YORK
13
13
13
13
13 Va
13 Ve
13 Ve
1,200
22 3/4
22 3/4
22%
23
x22'%
22%
*22%
22%
2,200
36
36%
36'A
36%
36'A
363/4
36'%
363A
2,700
*43
44V»
*43
44%
*12
12 Va
11
13
43%
431/4
43
43
43%
43%
12 Va
12 Va
12 'A
12 Ve
12 Va
12'%
12%
12%
12%
1,100
*8 Va
8%
8 Va
8%
8Va
8Va
8%
8%
8%
83/a
8%
8 3/8
2,900
18%
18%
18 3/8
183A
18 3%
I8V2
18%
18%
18%
193/4
193/4
LOW
Monday
Saturday
STOCK
Par
f per
Wednesday
Mar. 14
Mar. 16
6 per share
$ per
share
133A
133/4
133/4
13%
13%
13%
13%
13 Va
13%
14
1,100
No par
373/4
*36%
373/4
37
37
37%
38
38
40 3A
40%
41%
2,000
"52
53
53
53%
53%
53%
54%
54'A
54'A
No par
*12%
12 3/8
12%
12%
12'/a
12'/a
12%
12%
12%
12'%
12%
12%
1,800
5
32%
33
32 Va
32 Va
32%
323/4
323/4
333/4
33'A
33%
33
33%
4.000
38%
Nov
35% Jan
28
53%
NOV
50% Jan
3
14% Mar
10% Jan
3
13
Jan
9
Dr.
32% Mar
9
36% Jan
4
Doehler-Jarvis Corp
Dome Mines Ltd
No par
15V8
15%
15
15'A
15
15%
15
15%
Douglas Aircraft
No par
77%
78
78
78%
773A
78%
78
80
15
60'%
60%
60%
60%
603/4
613/4
613/4
64
110
*1091/2
112
110
110
134
139
140'A
18%
Deo
15
Sep
Mar
9
17% Jan
6
Feb
27
12%
Jan
48%
Feb
72%
Oct
69 Vs Jan
13
82
Dec
54 % Jan
13
64 % Mar 16
Feb
20
Apr
57%
101%
Apr
108%
Sep
108
101
Apr
123%
Dec
119% Jan 13
43
16%
Dec
24 % May
16 % Mar 10
78
Sep
86 %
Jan
81
11% Mar
20%
Oct
19% Jan
Mar
12% Mar
7
27
7
14%
Oct
Jun
63%
Nov
60 Va Jan
13
Feb
124 Va
Oct
122% Jan
9
8%
Jun
43%
v
110
Jan
30
140% Mar 26
19 % Jan
5
83% Jan
30
20% Mar
14% Jan
2
12
common
Class A
Pepper Co
Dow Chemical
:
Co
No par
'108
110
$3.25 2nd preferred
No par
'133%
135
133
50c
16%
64% Mar 17
Dresser Industries
Duplan Corp
20
Duquesne
10
DWG
Jan
113% Jan
4
Jun
9%
115%
12%
Jan
10% Jan
4
11% Jan
7
19% Jan
15%
Mar
20'A Mar
Jun
16
167/a Mar
Jun
13
14'A Jan
13
Dec
137/a Feb
6
Jan
13
16%
7% July
7%
Jun
137/a
Jan
10
3 8 3/a
Jun
48 'A
Nov
45'/a Jan 27
Feb
323/4 Mar
Jun
34%
IOV4
Jun
17 3/a
Jun
Jun
48
10
Eagle-Picher Co
24
Eastern
Airlines
Eastern
Corp
Stainless
63%
63'A
64%
64%
643A
48,400
1243/4
124%
124'/2
124%
1243/4
124%
1243/4
124%
1243/4
2,600
1023/a
102%
102'A
*102%
1023/a
102%
1023/8
102%
1023%
102'A
102 'A
1,000
115
116
*1133A
116
115%
115%
1151%
115
115%
11
*10'%
11
*103A
10%
*10%
10%
10%
10 3/4
163%
16'A
16%
100
16
16
lG'/a
16'%
16%
4,500
15%
15%
15 Ve
153/a
15
I51/4
15 Va
15%
153a
15%
15%
15%
11,100
15
143/4
143/4
143A
143A
14%
14%
14%
15
15
15
16%
16%
143/4
153/a
153/s
15%
153/a
153A
153/4
16
16
16%
153/a
15%
6,700
47»/e
473/4
453/4
47'A
46
463/s
46'%
47
46 3/4
47 >%
46%
473/a
13,200
*182
185
185
*182
185
*182
185
*182
185
*182
30
29%
17%
17%
100
*95
97
97
*96
97
4
98
Mar 10
12% Jan
25
15
Mar
6
96
Jan
x8% Jan
13
100
Mar
6
er
*182
preferred
Bros
41/4%
Stores
Inc
common
preferred
Ekco Products Co
41/2%
preferred
12
10
Jan
9
Elastic
5
Electric
100
_
Electric Auto-Lite
6
38% Feb
8
3
2% Feb
18
Elec & Mus Ind Amer
16
42 3A Jan
11
Jan
7
7
28 % Feb
23
67% Feb
8
75
23
Nov
13
Feb
Convertible
Co
51% Mar 13
28% Jan
6
3
Emerson
16'A Jan
3
11
29% Feb
171/2 Jan
Feb
0
33% Jan
5
Jan
Jun
13%
Nov
14%
Jan
181/4
Nov
353A
Dec
30
x
11
Electric
8%
83A
8%
42%
43
43
433%
43
43%
43%
433A
5,000
17%
173/4
17'%
17%
171/4
17%
17%
18
17%
18
18%
18%
8,500
*36%
37
37
37
37'%
*37%
37%
37%
.No par
*38
15
*12
10
12%
26%
*71'A
74
*68
52'%
500
6,500
50
*51%
51%
51%
51%
*51 Ve
*51%
52%
*51'A
52%
*51%
51%
3
26%
26%
x26%
263A
26%
27
2G%
27%
27V4
27%
273/a
27%
6,400
..4
_
Co
14%
14%
xl43%
14%
14%
14%
143/4
15%
15
153/s
14%
15 Va
4.000
24V8
24%
24%
25%
24%
25
26%
25%
26%
25%
24'/a
73
260
253/4
27,000
18%
19%
191/4
19%
19%
20%
8,500
30%
30 3%
31
30%
31'A
5
100
*101%
102%
xl00%
100%
1011/2
1023%
1023%
1
6%
7
7
7
7
.No par
11%
14 %
Jan
10% Jan
13
123A Mar
4
Erie RR
Jun
61 Va
Jan
55
Jan
13
57% Feb
Jan
60
Jan
9
Dec
5
2
5%
Erie &
9
Eureka
Mar 16
Evans
common
Williams
Products
,
7
7
113/4
11%
7
11%
11%
11%
*5G
57%
*55 3/4
57
56'%
63
*61
62
62
62
..
_.5
*10
5%
5 1/4
10'A
*5Va
*9%
7
Eversharp Inc
1
*10%
Ex-Cell-O Corp
3
63%
lO'/a
10%
6
63%
03'A
*42
'
__
5%
10
10'A
63 3/a
43
5
5Va
10
10'A
Exchange Buffet Corp—
2.0O
*3%
3%
-
.
*3V2
33A
56%
1
12%
56%
57'%
64
61
*61
5
10%
5%
5'A
10%
10%
10
10%
65
*65%
66
433A
*43
45
*31/2
33A
7
12
10
10%
_
10
7
102%
12%
64
*42%
*102
113%
56%
*61
5
11 % Jan
issued"
102
100
681/2 Mar
"When
18
v
—50
Corp
Co
5
common
preferred series A
Pittsburgh RR Co
Mar 14
4% Jan
12%
26 Va
72'A
30%
Jun
5
12%
25%
*63%
183/4
9%
3% Jan
1,500
50
Equitable Office Bldg
12%
X26'%
74
*71 'A
7,300
30'%
5
22.
12
27%
72
500
2
3/4
71/2 Jan
Apr
12
263/a
38
373A
30 '/a
13
___
1%
183/4
6% Jan
14
38
37%
301/4
Dec
16
2
26%
12'A
26%
*68
38
38%
18%
7
Jan 13
*12
713A
1%
373/4
x 30'A
Jun
8% Feb
26%
2
38%
1,800
18%
4 Ve
9V2 Feb
12 3/a
26%
*69
1 Va
38'A
9
31%
10
55
*11 3/4
2 6'A
2
38 Vs
*8%
18%
100% Jan
Deo
1%
38 'A
8%
*30%
Dec
Dec
38%
12%
26%
37%
2
38%
38 %
8%
10
105
Jan
1%
2
2
8%
25
Jun
11
102
8%
Endicott Johnson Corp
4 % preferred
Jan
6% Jan
1,300
2,600
423A
Emerson Radio & Phonograph
100 Va
62
*98
14%
8%
shares
Mfg
X29%
Mar 14
102
2,700
Empire District Electric Co_.
20% Mar 17
103
*98
143/4
17%
97
42'A
El Paso Natural Gas
153/4 Mar
102
15
30
8%
51/2% convertible preferred.
5% preference
16
*98
14 %
*94
42V4
common.
15
102
15
97
.No par
preferred
13
Jan
26
•
14%
*96
-3
(The)
Feb
50
*98
102
14'A
97
8%
common
13% Feb
Oct
May
*98
102
*98
14'A
14%
14%
14%
"96
186
4 2 Ve
_
.
Storage Battery
Elgin National Watch Co
Elliott
14%
"96
293/8
1
Electric
Boat
29%
5
Stop Nut Co
13/8 Jan
11'/a Jan 25
2.50
common...
37 'A Feb
25'A Feb
2.700
5
35% Jan
page
16
*143/,
17%
Nov
240
300
1
.10
29%
137/a Mar
11
10
Oct
<?ee
*10%
Corp.
Jan
5V2
*115
10
Steel
Jan
footnotpc
115%
17%
12%
Jun
*115
29%
Dec
For
62
17'%
51%
~3
16
62
Eastern
2 Va
113/4
*10%
61%
Eastman Kodak Co common¬
36%
10%
62
613A
124%
62
29%
S
170
9
197/a Feb
613A
500
1
13
Jun
13%
171/2
14%
Jun
13%
16% Mar
24
Jan
13%
29%
29
6 3A
13
*17
Jun
6%
13'A
17%
Jan
36
13%
48 Va Feb
Jan
53/4
13 %
62%
.
16
68
*13
124%
common
42% Feb
Feb
13'/4
29%
Aug
July
*123/4
17%
8%
33/4
300
13%
12 3/4
29 Vs
23%
55
21
17%
42%
48 Va
83
*20%
10 2 Va
Inc
3
Dec
75
*81%
20%
No par
__
Feb
Deo
283A
82
20%
5
173/,,
51
82
20 '/a
124%
Cigar Corp
46% Jan
Jun
1 '/a
81%
20%
No par
1st pfd
5%
453A
•
81
2OV2
81
29%
Dec
8,200
81
*20
*17
May
2,300
17
20 Ve
1
Dec
100
140
20'/a
2
14%
112
82
Edison
Feb
6,600
82
Eaton Manufacturing Co
Mar
15%
20%
*
7
10%
Apr
16%
9
95
33%
139
7
Dec
S 12 3/4
17
19Va Jan
96
3/4
16%
307/a Jan
Jan
8
16%
1811/2 Mar
Apr
101
136%
16 3/a
5
14%
Oct
136'%
16%
*109%
10
29
Dec
Jun
15,900
13
Jan
88
e
3,900
63 Va
Jan
327/a
19
943/a
80 Va
63
16'/a Feb
Jun
21%
Light
15% Jan
17
78%
64'%
172 Va Jan
Oct
202
Jan
164
116
82
15%
80%
63
"81
5
Feb
Jun
112
1
16 3/a
15
80
.
(E I) & Co—
Common
10
31
133
16%
180
*20
No par
102% Feb
101 % Jan
133%
16%
15%
54
1
Preferred $3.50 series
102% Aug
16%
*1091/4
•54
100
convertible preferred
Dunhill International
Preferred $4.50 series
Jan
97 Va
common
27
125% Feb
110
*109
Du Pont de Nem
119
common
52
$4 preferred series A
3%%
Shares
13%
*36%
Jun
38 %
8ales for
the Week
313'A
Feb
Jun
Friday
$ per share
l
45%
10
37,500
No par
Divco Corp
Dixie Cup Co
24%
54% Feb
20
400
Mar. 17
Thursday
Mar. 15
t per share
1 per share
share
433A
*43
AND HIGH SALE PRICES
Tuesday
Mar. 13
Mar. 11
EXCHANGE
41% Mar 17
13
2
share
15% Jan
*58
36
35 Va
STOCKS
Lowest
62
223%
*223/8
36 Va
2
Corp
Distill Corp-Seagrams Ltd
Range for Previous
*58
*12
13Vs
22%
25
Diana Stores
Mar
13
62
50c
Diamond T Motor Car Co
Jun
*13
36
No par
participating preferred
Sep
9%- Jun
*58
22%
2
A
common
6%
July
30
Detroit-Michigan Stove Co
NOV
10
,
9
40
25
34
9%
12
Sep
12% Jan
33%
9%
24%
7% Jan
31%
Jan
33 Va
9 3/a
24'%
23% Jan
13 Va
S per
6,600
13
22%
S per share
9%
14
Jun
Highest
9
140
Detroit Hillsdale & S W RR Co__100
Jun
Year 1949
14%
'2
11%
xl2
101
243/8
Western
&
Escrow
Detroit
102'%
*100'%
Feb
16%
Feb
23"% Mar
*101%
101
34
44 Va
Delaware & Hudson
Derby Oil Co
IOIV2
101
34%
35 Va
Delaware Power & Light Co
13.50
Denver & Rio Grande West RR
Jan
Deo
34%
101'%
101 Va
34
24%
12
b 7a
22 3%
34%
101%
'100%
443/a
Delaware
Jun
34%
101 Va
101%
44 Va
17
Jun
34 '/a
101'%
*100V2
33%
*35%
preferred
10% Jan
19
33V8
1011/2
101%
101
24
1
common
36
6
800
No par
Deep Rock Oil Corp
47% Mar 17
7%
23
18
20
25% Mar 17
3
*33%
17%
18
14%
101%
B
17%
17%
101%
33%
101
3.75%
17
17%
*100%
33 3A
3.75 %
Preferred
Dayton Power & Light common
3
17
*16V2
223A
Preferred
Mar 16
3
Feb
17%
22%
34% Mar 17
8 3/4 Jan
9%
*16%
%l
101
29% Jan
tper share
15%
101% Mar 13
Jan
Lowest
98%
*14%
4
40 3A
37%
*97%
15'%
17
Jun
Jun
98'A
*143/4
17
22%
26
15
*97 Va
15%
*22 Va
Sep
9%
98%
15%
*16%
3? 1/4
Jun
*97%
15'%
1
7
Mar
43/4
97%
153/a
20
(The)
31
..
97%
153/a
11
8 % Jan
Oct
5Va
97%
Jan
97
Jan
Jun
17
Jan
18 Ve
*97 %
*15 Va
17%
*97%
100
2.50
173/4
97%"
15
17
1
Corp common
3%% preferred series A
29% Jan
May
30 Ve
17% Feb
24
Dana
Davega Stores Corp common
5% convertible preferred
*3%
33/4
10 Va
65 3A
*43
3 3A
*1.02
7
1023/a
7
12
12%
57%
57
57'A
61%
*61
51/4
5
11
10%
66
45
33A
10%
10%
66
*43%
*3%
63
5%
1,100
130
6,300
13,200
700
40
1,700
11
5,600
10%
6,300
66
1,600
44
33A
100
Volume 171
Number 4391
THE
COMMERCIAL
NEW
Range for Previous
Range Since Jan. 1
Lowest
Highest
9 per ghare
YORK
FINANCIAL
STOCK
| CHRONICLE
9 pershare
•
NEW
Highest
J per share
YORK
LOW
STOCK
Saturday
EXCHANGE
Par
AND
I per share
Tuesday
Mar. 14
I per share
PRICES
HIGH SALE
Monday
Mar. 13
Mar. It
( per share
(1155)
RECORD
STOCKS
Year 1949
Lowest
&
Thursday
Wednesday
I per share
t per share
Friday
Sales for
Mar. 1;
Mar. 16
Mar. 15
the Week
f per share
9 per share
Shares
F
34
Jun
19
Feb
25%
Oct
23 % Jan
3
19 %
Oct
23%
Dec
20% Jan
23
127/8 Aug
15 y8
Oct
14 Vz Jan
7%
15 Vz
Jan
% Jan
%
41%
Jun
11% Mar
Jan
37% Mar 10
Dec
42% Jan
25
17 Va Feb
23
3
1% Jan
14
13
19
24%
Feb
36
95 % Mar
104
63% July
43
105
4 Va Feb
14
Dec
33% Jan
13
103
53
Jan
Dec
3
104% Mar
3
13% Jan
78
3
Mar 13
52 Vz Jan
107% Mar
4
38% Feb 27
Jan
17% Jan
Dec
56
40 Vz Mar
11% Jan
Sep
81%
July
May
4
Jan
Dec
13
105
Feb
15
67
Jan
17
20
9
12
Mar 16
83% Feb
8
60% Mar 17
106% Jan
5
69
Dec
11% July
17%
Jan
12% Mar 16
14
'/a Jan
20
21%
Jun
31%
Jan
29Va Mar
33% Jan
9
Jan
104%
98 %
Dec
103% Feb
18 % May
28
Jan
24
13%
18%
Dec
7
27
18 '/a Jan
Jan
Mar 13
20% Feb
12
38%
39%
5.800
24 Va
24 Va
25
25
25
24 Va
24 Va
3,100
20%
20%
207/a
20%
20 Va
20 Va
20%
20%
169a
16 y8
16
16 Va
16%
16%
16 Vz
16 Vz
16%
16 Va
16%
16%
4,200
l'/a
1
1 Va
4,200
6,600
Federal
17 Vz Mar
Jan
38%
24%
20%
10
Nov
17%
38
25%
20%
5% Jan
18%
Jun
20%
37%
24%
20%
17
Jan
Jun
Jun
37%
24%
20%
Feb
38%
15% Jan
3
35% Mar 11
16% Jan
Jun
Nov
37%
*24%
l
Family Finance Corp common
1
FAR Liquidating
Corp
1
Fedders-Quigan Corp
1
Federal Mining &
Smelting Co_II_2
Federal-Mogul Corp
5
3%
12%
37%
20
Falstaff Brewing Gorp
3
No par
Fajardo Sugar Co
14%
10%
Fairbanks Morse & Co
4
7
32
6%
11
Feb
22% Jan
3
15
74% Mar
106
6
Jan
4
27% Feb
2
20% Mar 17
22 Va Mar 17
Motor
Truck
Oct
13 Va Mar 13
15% Jan
Jan
11% Jan
3
14%'Mar
8%
Feb
14%
Dec
14% Jan
3
19% Feb
20%
Apr
29%
Jan
Jan
13
78
May
92%
Nov
89 Vz Jan
3
96% Feb
10
3%%
89
July
96 Vz
Oct
96
Jan
7
99
30
15%
19%
Feb
33 Vz
Dec
29
Jan
25
21%
Jun
25 Vz
Dec
24
Jan
30
8%
Nov
8
Jun
10 % May
*38
Feb
60
11%
12% Aug
9% Jan
30% Jan
Jan
2
25
1,000
18%
1,200
4%
4%
4%
*4%
4%
4%
4%
4%
4%
4%
4%
1,300
3,600
36%
37 %
36%
36%
104 %
104 »A
103 Va
104 Vz
*103%
104%
12%
12
12
12 Va
12 Va
12 Va
12%
12 %
12%
1,100
19%
19%
19
19%
19
19
19%
19%
197/a
20
20
20
5,000
79
36
104%
79
57%
78
57%
*106
57%
106 Va
73%
*106
357/a
36
104%
*30
74
*13
13%
30%
74 Va
700
13
13 %
2,100
6,300
70
31%
31 Va
31%
104 Va
104
104 %
104%
104%
24%
24 %
24
25
25
25 %
25%
25 Va
1,100
30
30%
30%
104%
104%
30%
*
311
80
20
19%
20
20
20
20
20%
20%
20 Va
20 '/a
20%
10,800
par
21%
21%
21%
21%
21%
21%
21%
21 Va
21%
22
22
22 Va
42,400
13%
13%
13%
13 %
13'/a
13 Va
13 Va
13 Va
13%
13%
13%
13%
14
14%
14%
14%
14
14 Va
13 Va
14 Va
14
14%
14
14 Va
7,400
17%
17%
17%
17%
17%
18
18
18'/a
18%
18%
18%
18%
9,300
3,800
10
1
Corp.I.lO
x28%
28%
29 %
28%
28
28%
91%
*90'A
91%
*90
91%
*90
91%
*971/4
97%
97%
97%
♦98
98%
98
98 %
150
33
33
33 Va
33%
33
33 %
3,200
28%
*90%
92
33%
25
*24%
25
*24%
10 Va
*10
Franklin Stores Corp
Freeport Sulphur Co
*24%
97%
97%
33
29
10 Va
33%
25
*24%
25
28%
*24%
10 Va
10 %
9%
10%
10%
1
9%
9%
9%
9%
9%
9%
*9%
97/a
97/a
Ho
*62%
*62Va
63 Va
63 Va
63 %
63 %
63%
63 Va
*16%
par
:
Dec
16% Mar 15
19'/a Feb
3
23%
Dec
20
Feb
Froedtert Grain & Malting Co Inc.l
22% Jan
9
Fruehauf Trailer Co
78 Vz
Feb
75
Mar
80
1
common
1
17
17
21
2 l'/a
77
*75%
17
2 l'/a
21 Va
100
preferred
63%
1,200
91%
29
92'A
29
x33
4%
73%
13
104%
34%
10
74
12%
106%
30%
34%
10
74
13 Va
♦106
24%
98
27
73'A
13
60 %
60%
108 Va
104%
24
98
65 Va Feb
73 %
60
106 Va
104 %
24 Vz
*91
11% Jan
1,800
5,600
13
100
11% Jan
79 Vz
60%
79%
74
13
preferred
100
Foster-Wheeler Corp common
lo
6% prior preferred
25
Francisco Sugar Co
No
3
79
106 Va
19%
convertible preferred
3
60
59 Va
106 Va
30%
*
104%
*24
78 Va
79
79
59
106
*73%
*73%
13%
*104%
79
490
106
58%
73%
*13
103 %
78
78
58
106%
37
36
36
103%
No par
Machinery & Chem
Feb
15%
38'A
18%
'
*12
10
Inc
13
7
15%
38%
18 Vz
12%
25
1
Food
Stores
9 % Feb
16
15%
38%
17 Va
35%
17%
Sep
15%
38%
17%
104%
Jun
16%
15%
38 "A
17%
12 Va
Jan
67
15 Va
38
17%
35%
100
Co_I_No
Florsheim Shoe class A
Follansbee Steel Corp
57% Jan
Nov
15%
37
*17%
7%
18
16
15%
36%
17'A
No par
Fair
Jan
15%
36 Va
17%
104 %
No par
Food
2
15%
*35%
17%
No par
common
27
35 Va Mar
15%
35%
*4%
3%%
28
10
1,300
35%
No par
Florida Power Corp
Florida Power & Light
15 Vz
1
1 Va
*17 Vz
No par
$4 preferred
24%
1
1
Florence Stove Co
May
Sep
1
1
1
5
;
First National Stores
Firth (The) Carpet Co
9%
1
1
39%
39%
5
Fidelity Phoenix Fire Ins N Y
Firestone Tire & Rubber com
4% % preferred
(The)
37%
100
common
Felt & Tarrant
Mfg Co
Ferro Enamel Corp
Flintkote Co
1
No par
Federated Dept Stores
4%% preferred
37%
75
75%
*16%
10%
29
25
*24%
10 %
25
10 Va
9Va
10%
9%
64
100
1,600
9%
2,300
64%
64
2,300
17
16 Vz
17
16%
16%
16%
17
1,000
2
2i
*75%
2 l'/a
22
21%
22 %
21%
22'/8
7,500
75%
75 Vz
75%
76
75%
76
l'A
77
490
G
4%
Jun
7 V,
Apr
5% Jan
3
4Va
7% Mar
Jun
7%
Oct
7% Jan
3
8% Jan
10
14%
Jun
18%
Dec
17% Jan
12
18% Jan
28
6% Jan
3
8% Jan
20
34% Mar 10
38% Jan
12
17
18% Mar
6
Oct
9%
Jan
Oct
31%
41%
Jan
4
Gabriel Co
(The)
Gair Co Inc
6%
1
(Robert)
common
5%
convertible preferred
Feb
17%
Dec
Jan
10
15
Jun
19
Apr
Xl7% Jan
3
10%
19% Mar 16
16%
Dec
15% Jan
3
19 % Feb
10
Garrett
6%
Feb
4% Jan
3
3 Va
Jun
6
Gamewell
Co
11
18
Jan
3
19 % Jan
11
105
Jan
11
4%% convertible preferred-50
Gaylord Container Corp„_—1.66%
General American Investors com__1
$4.50 preferred
—100
Nov
152
45% Jan
13
53% Mar
12
105 % Mar
Jan
160
Oct
163%
9%
Feb
15
6
Jun
10
65%
Apr
24%
Jun
79%
129
12
Jan
Mar 17
165
Jan
s
Jun
6% Feb
Jan
70
Jan
Apr
16% Feb
12
14
26% Mar
20
139%
34
Jun
42%
Jan
48%
Dec
Jan
100%
Dec
x6%
Jun
13%
Jun
56%
75
138% Jan
41% Jan
13
13
51
2
103
Dec
Mar
47
Feb
conv
23
54% Jan
16
57% Mar
8
3
5%
8
3%%
Mar
Range Since Jan. I
Highest
Lowest
$ per share
51%
Jun
123%
Jan
Jan
13
Feb
19%
Sep
19 % Jan
3
22%
Jun
38%
Dec
34% Feb
17
15%
120
Nov
13
5
78% Feb 10
127% Mar 7
6
104% Feb
13% Mar
9
3% Feb
10
16% Jan
3
22% Mar
17
17
Gen Outdoor
3
16% Feb
20
4% Mar 11
18% Feb
20
Advertising
Gen Precision
17
23
7% Jan
6
24%
Jan
22% Mar 10
25% Jan
9
Jan
5
General
Mar
3
34
Dec
x31% Jan
18
34
July
122
Jan
112'/a Jan
3
119
Jan
31
Nov
28% Jan 13
27%
Dec
22
Jan
Apr
102%
Jan
101
Jan
Jun
21%
Jan
19% Jan
3
July
77%
Apr
77% Jan
23
25
lo
29% Jan
11
26% Mar 16
102
Jan
12
24% Feb
14
3
20
13
Sep
103% Jan
13
98%
Jun
10
Jun
106
16% Mar
14'/a
17%
17%
.
Mar
3
9
24% Jan
11
31
23
Feb
32
Mar 17
112% Jan
18
85
Jan
Mar
104% Jan
11
1
23
23
Mar
Gleaner Harvester Corp
Glidden Co (The) common
4Vz %
Gold & Stock
Goodrich Co
6
29 'A
29%
29%
*29%
29%
29'A
29%
29%
29%
29 Va
29%
2,900
25%
25%
25%
25
25%
*25%
25%
26
26%
26%
26%
1.500
*101
104 %
104'A
*101
104 Vz
18
Jan
9
27% Jan
Graham-Paige Motors
Granby Consol M S &
Union
Co
Grant
3%% preferred—
Grayson-Robinson Stores
13
Jan
12
10
14 y8
Sep
12
33%
Jun
43%
Jan
39 % Mar 14
44% Jan
16%
Jan
19%
Oct
18 Va Jan
13
22
144 y2 Mar
137y2 Jan
Mar
7
9%
(W T)
$2.25
38%
38%
39%
39 %
95 %
96'A
96 Va
*95%
14%
14 Va
14'A
14%
14%
83%
83 %
83 Vz
84
84%
*83
83 Vz
*83
conv
Co
Iron
Gt Northern
Ry 6%
19 Va
19'A
19%
19%
19%
19%
3,700
28%
28%
29 Vz
29%
30
29
29%
12,600
3*2
56%
*55%
56%
*55%
56%
*55%
5 6 Vz
*55 Va
56%
10%
10%
10%
10%
10%
10%
10%
10%
10%
*107%
108%
108%
*106%
108%
106 '/'a
108%
143/4
14%
14 Va
14%
14%
15
isy8
*81%
81%
*102'%
102%
*106
14%
81
102%
108%
*106
14%
14%
81%
48%
49 %
107%
106%
106 %
* 11 y2
11 %
11%
11%
11%
11%
2
2
48%
2
49
2
2
8 %
8%
C%
1,700
36 Va
35%
36 Va
36
36
35%
35%
3,000
34%
34%
34%
34%
34%
33%
?4
3,400
5
Ore
26
x26
26V4
26 y4
101%
i63/8
153/3
*16
16%
16Va
16%
3534
*35
35%
35
35
Prop
No par
No par
*35
*99 %
101
100
103
Feb
21
12% Jan
3
16% Mar 16
Dec
51% Jan
4
56% Mar
71%
Jan
16%
Jan
22 y4
Dec
For
footnotes
see
page
59% Jan
21
22.
Jan
25
3
3
64% Mar 17
24% Jan
13
101%
101 "a
280
16V8
*15%
16 %
3,700
*35
35 Va
35
*35 Va
35%
100
35
2,800
12%
12%
12%
12 Vz
12%
12%
12%
12%
12%
4,300
39%
40%
40
40%
40%
41%
40 V2
41%
7,200
3,600
*63
21 %
21%
21%
147
146
21%
*63
68
21%
145%
146
68
145%
*64
%
44%
*14
21%
21%
147
*146
68%
*65%
44 %
43%
44 VA
14
14 3/a
14%
70
213/a
21%
21%
21 %
147
146%
147 "'a
70
66 %
66%
20
43%
43%
42%
42%
5,900
14%
14%
14%
14%
700
10%
42,200
147
*65%
130
(The)—
3
preferred
10%
10%
10%
98
98
98
98 %
*97
1
22 Va
22 Va
22%
22%
22%
22%
22
1
7'%
7%
7%
7%
7%
7%
100
$5 convertible preferred
No par
Ohio RR com.No par
Gulf Mobile &
%}KCorp
Utilities
10%
*97
*102
104
Co
15
15 '/4
No par
preferred
Gulf 8tates
27 Va
100%
*15%
40%
21 y4
Grumman Aircraft Corp
Guantanamo Sugar common..
$5
26%
100%
16 Va
12%
*l45y2
Common
Jan
27%
100%
16
40
14 %
14
27
8%
12 %
14%
54%
26%
8%
40
100
Co Inc
26%
100%
8%
12%
No par
100
101
8%
39%
14 %
Jun
26 Va
*100%
1
No par
pfd
26
200
com
14'A
Jun
13,700
8%
44%
Jun
700
2 "a
33%
44%
9%
200
12%
35%
8%
445/
56%
2
33%
445/3
41
12%
14,200
36
1
3
2%
400
50%
106%
33
Greenfield Tap & Die Corp__No par
Jan
12
2,700
35%
Green
100
2
1,800
84
102%
*8%
1
Jan
12
50l/a
*106
14%
8%
7
92
12
2Va
2
83
102%
3,100
108
32%
15
19
11%
51%
106 Va
14%
10%
35%
45% Mar
8% Jan
50%;
*106
*106
77,700
56%
32%
4
3
50%
106
10%
35y8
Jan
15
2 %
49%
106
84%
103
la
*56
,
*8%
13
24% Feb
*102%
*106%
14 y4 Mar
13
83%
103'A
107%
11%
4%%
83%
*102'A
48%
preferred
Greyhound Corp
82%
102 3/4
*106y2
Green Bay <fe Western RR
11
82 Va
102%
82
102%
No par
49
*
7
32
a
9/64
*55 Vz
*10%
71
28
400
19%
149
Jan
10,500
__5
preferred
Gt Northern
(H L)
300
84%
28%
3
6% Jan
*82
14%
19%
6
11% Jan
84%
13,400
97
19%
4
100
14 Va
7,600
28%
Jan
Mar
*96%
14%
160
10 'A
39%
39
97
3,300
19%
common
Great Western Sugar com
7%
104%
28%
Jan
7
*83
*101
28%
65
7% July
101
Dec
380
20
41
Feb
600
28%
Dec
5
32 %
116
19%
Nov
30
10%
38
67
Mar
9%
95%
43%
Jan
9%
14%
33% Mar
3
32%
xllG
lo
5
8
32%
120
No par
9
Jun
9%
95%
P
28
11%
9%
38%
(The)
17% Feb
17
9%
14%
1
102% Jan
18% Jan
*101
32%
*119%
38
100
com
2
10% Jan
119
rH t-4 CO
95%
lo
13
35% Jan
9%
*73
No par
100
x96% Mar
2,800
a
32 Va
118%
No par
Dec
Apr
24
23 7
32%
118 Va
50
$5 preferred
Gotham Hosiery
Grand
July
6,700
2.50
Granite City Steel
July
24%
7
32%
1
Goodyear Tire & Rub
27
12
800
126
X6%
118%
14%
No par
28
20%
22
124 Vz
32%
38
(B F) common__No par
35% Feb
100
23%
32%
13,900
No par
$5 preferred
37% Feb
Oct
23 Va
3,300
17%
118%
33
95%
Telegraph Co
Jan
Jun
7
32
26
Jan
22
*
126
6%
14%
convertible preferred
24% Jan
9%
22%
*124%
6%
37%
Brewing Co
29
15 y8
32'A
17%
118%
Rights
Goebel
6
10
10
9
93%
23'/a
*22
18
1
Jan
Jun
23 Va
22
126
6%
*94 Vz
No par
Dec
Dec
67/a
21%
*124'A
5
$4.50 preferred
Dec
62%
21 %
128
No par
common
28 y4
133% July
6%
17%
No par
com
$5 convertible preference
Glmbel Brothers
Goodall-Sanford Inc
51% Mar 16
108
Gillette Safety Razor
9
2% Feb
3
*124%
6%
17%
33,800
39%
39% Mar 15
97
5
*101
22%
21%
21%
128
17%
5,300
4%
10%
28%
Jan
25 %
6%
17%
Va
10%
13% Feb
12
*29
23
21%
17%
4
4
10%
com
Georgia-Pac Plywood & Lumb Co__l
30%
33% Jan
14
4
37
13%
4
23%
Jun
Mar
37
14
4 Va
36 Va
13%
1,900
76
Jan
15% Jan
37
14%
4
36 VA
13%
1,200
1,000
22%
85 %
16%
Oct
37
14
35%
13%
*21%
*72%
16 y8
Apr
36%
35%
13%
46,400
127
75%
20% Mar
36%
22
77%
Share*
104
104
*73
7% Jan
16%
22
76%
for
the Week
75'A
Apr
101
*126%
35%
.
General Tire & Rubber Co
Jan
Apr
126'A
104
4%
118%
3%
Jun
76%
126%
104
76%
14 Va
*22%
8%
Jan
77%
127
104
34%
*22y4
Feb
II
75%
103%
22
17%
17
*126%
21%
4
Mar.
Sper share
75%
21%
4%
Sales
Friday
Mar. 16
9 per share
127%
104
21%
1
1% May
93%
Mar. 15
9 per share
21%
No par
5%
32
Thursday
' Wednesday
21%
pfd
No par
General Telephone Corp
20
Geperal Time Corp common__No par
4%% preferred
100
liy4 Mar
1% Jan
Mar 10
74%
126%
*103%
SALE PRICES
*73
2
43% Jan
300
AND HIGH
75%
5
45%
350
112%
75 V2
Feb
104
128 V2
112%
*73
Jan
101 y2 Jan
Jun
*127 Va
113%
75%
12
Jan
Jun
34
127%
*73
56
Aug
100
127'/a
*112%
100
23
24
127%
113%
21
*124%
1,600
1277/b
21
6%
56%
preferred
25
24
74%
1C4
21%
200
55%
56
12.100
*112%
Mar. 14
127 Vz
128
6,709
Va
113%
t per share
74%
6%
9
3%%
14
10% Mar 16
Jan
14y4 Jan
56
9%
72% Feb
10 »/s Feb
69% Jan
56 Vz
10 Va
23%
54
107% Feb
9%
34,000
51
102%
127%
Tuesday
Monday
Mar. IS
9 per share
127%
*21
50%
102%
x85 Va
Dec
Rep
9%
46%
46%
51
103
127%
133
104
*124%
46%
49%
290
24%
Dec
Dec
56
46%
*102%
103
200
131%
8C %
10%
19
9%
46%
49%
*130%
24
55
72%
49
103
131
*85
Mar 15
Jun
x45 %
130%
24%
84% Mar 15
Jun
49 %
'
131
85
80
14%
46%
103
131
85
16% Jan
52%
131%
300
1,000
23%
14% Mar 17
Jan
17
23
90
116
26%
17
85%
33% Jan
Jun
71
26%
17'/a
22%
Jan
Jan
70
26%
85%
Jan
3
72%
17 Va
*112%
127%
113
127%
10c
8.300
*26Va
73
3%
No par
10
1.700
7%
85%
17%
25
7
23%
91
sa
7%
104%
Jun
24% Jan
7'/a
85
Jun
18% Jan
7Va
4.000
16%
♦71
56%
17%
11%
160
16%
23
12 %
lo
16%
26%
56
4
11%
160
16%
*101
79%
Jan
7
11%
164
16%
*
73
56%
104'%
100
Corp
11%
*162%
107
85%
Dec
4
11%
164
51%
♦104%
23%
37%
13
*16%
51%
107
104 Vz
Jun
Jan
11%
*162%
*104 Va
*85
24
7
25
5,100
51 Va
107
*23 Va
Feb
Jan
140
51%
51%
x51
100
12%
8% Jan
103%
34%
preferred
Shoe
105%
preferred
73
68
6%
106 Vz
106
<17%
9%
104 %
74%
106%
1,000
17 Ve
9
127%
74 y8
4,800
*26%
9%
127%
'
19%
4%%
Sep
July
43%
*101%
19%
85% Mar 13
Jun
5%
45 %
49%
19%
*13%
Gen Steel Castings $6
Mar
99 %
*95%
46%
103
19%
17'%
56%
128Vz
9 per share
1
121%
1,900
19%
5
General Realty & Utilities
General Refractories
Jun
131%
5,600
19 %
1
General Public Utilities Corp
Gen Railway Signal com
24% Feb
17%
17
5
26
19%
26%
73
*26%
9%
56%
113'%
73
4%
25
19%
10c
126% Feb
28% Aug
25% Dec
56%
7
5%.
25%
19V.t
No par
Equip Corp
4
Dec
9
45%
49
*100%
Saturday
General Public Service
6
21
46
49%
102y2
9y8
*127
No par
6% Mar 10
Oct
131%
131%
>
General Portland Cement Co
19% Jan
80%
*131 %
*112%
General Motors Corp common—10
$5 preferred
No par
Preferred $3.75 series
No par
121 y2 Jan
72% July
17%
Mar. 11
Jan
Mar
17% 1
loo
Par
Dec
5%
6%
7 %
26%
STOCK
4
22%
48
YORK
Nov
15%
6%
16%
5
25%
19
*104%
11%
Xl6%
5
500
*105%
164
*162%
17
LOW
7%
64
7%
100
Jan
38
24
67
11
3,000
36
xl9V«
107
11%
11%
164
73%
preferred
20%
18%' Jun
11%
*162 %
16%
*17
26%
No par
124%
99%
11%
164
17%
■
EXCHANGE
68% Jan
3,300
18 Va
36
25%
19
51 %
*104%
73
1
Jun
Jun
11 Vz
*162 Vz
51%
51%
107
74
Corp
Feb
20%
51%
®104ya
27
No par
May
4%
52
107
*26%
$ per share
125'/a Jan
Dec
Nov
NEW
102% Jan
x
16% Mar
3%
Corp com
convertible
Highest
S per share
X97
17
*51 %
*104 Vz
STOCKS
Year 1949
Jan
107%
*25
107
*73%
preferred
Range for Previous
Jun
*106%
107
50
General Mills common
115
2%
107 %
16
129% Mar
11%
*107
13% Feb
4
10
11% July
19%
45%
13
Sep
19%
49%
*100%
Jan
Dec
19%
No par
109% Jan
72%
19%
No par
126
127%
19y8
$3.50 preferred
General Instrument
Dec
104%
*19
General Foods
Jun
'
18%
General Electric Co
112
Lowest
18%
100
—100
4%
*25 Va
19 y4
7%
No par
com
4%
25 y4
19 %
No par
2nd preferred
*18
25%
4%
24%
19%
20
8% Jan
4%
5
4%
25'/4
19 %
Mar 16
128%
I per share
47A
*18
25
Jan
Apr
97
5
1st preferred—
General Cigar Co Inc
7% preferred
Jan
123%
No par
4%
18% Jan
47% Jan
preferred
4%
30% Jan
100
1
com
General Amer Transportation
5
$4.25 preferred series A
No par
General Baking Co common
5
$8
Jan
7
Jan
44%
Mar 17
Wood Industries Inc
General Bronze Corp
General Cable Corp com
9y4 Jan
16
Dec
39%
93%
8
31
17% Mar
130% Mar 16
Apr
3
Feb
13% Jan
31
Jun
17
Dec
5
200
19%
17%
18'A
12
103% Jan
10% Jan
18%
19%
18%
19
is y4
12
Dec
18 Va
19%
18%
18%
18
5% Jan
Jan
18%
19%
18%
20% Jan
11
*18%
18
27% Jan
106
37
18
4
Jun
*36
18%
18% Feb
July
2,200
35%
18%
35%
18
24% Mar 13
97/a
7%
19
Feb
99
7%
18%
Jan
7
300
7%
18%
Dec
107% Mar
7,600
*7%
18%
32%
Jun
35%
2,600
7%
18 %
18%
23%
48%
35
7%
7%
18%
18%
Jun
Jan
35 y8
7%
7%
18 Va
18%
35'/a
7%
7%
7 %
7
7
7%
*18 Va
18'/a
Jun
Sep
7
»
18y4
Jan
41%
7y8
18 Va
18%
8
7%
*
*18
18%
13%
103%
7
7%
7%
7%
18%
2
No par
(The)
157/a
19%
107
7%
7%
*18%
35 '/a
Gar
21%
7%
77/a
No par
(The)
Corp
7%
7%
18%
*35
50
Gardner-Denver Co
Jun
•
7%
18%
7%
I8y4
7y8
5
common
7%
7 %
7%
*18
20
Gamble-Skogmo Inc
13
7'/a
1
preferred—1
*54
55 Va
25
61
6i%
No par
23
23 Va
*102
10%
*97
102
104
10-%
102
10%
10%
10%
11
98%
97%
97%
Va
22%
22%
22%
22 Va
22%
6,400
7%
7%
7%
7%
7%
7%
2,900
*101
103
10%
*97
*101
98%
20
103
50
15
15 Vi
15 Va
16
15%
16%
15%
16
27,200
55%
54
54
55'%
55%
56 Va
56 Vz
56
56 %
61%
61%
61 %
62
62 %
63 Vz
63 Va
64
63%
€4%
15,700
22%
23 Va
22%
22%
22 Va
23 Va
23
23 %
22 Va
23 %
13.200
14%
*54
15V*
•
*400% 102
700
15
16
COMMERCIAL
THE
(1156)
NEW
NEW
Range Since Jan. 1
Year 1049
STOCK
RECORD
LOW
STOCK
Mar. 11
$ per
Par
HIGH SALE TRICES
AND
Monday
Mar. 11
$ per
share
share
Sales for
17
the Week
Mar.
Mar. 16
S per
$ per share
$ per share
Friday
Thursday
Wednesday
Mai. 15
Tuesday
Mar. 13
Saturday
$ per share
$ per share
$ per share
YORK
EXCHANGE
Highest
Lowest
Highest
I per share
YORK
Monday, March 20, 1950
CHRONICLE
STOCKS
Range for Previous
Lowest
FINANCIAL
&
$ per share
share
Shares
H
31
Jan
39%
Dec
33 % Mar
2
46% Feb
14
Hackensack
Water
167a
Jun
24%
Dec
22% Jan
13
25 74 Jan
30
Halliburton
Oil
12
Jan
14%
Dec
14% Jan
4
15% Jan
12
Hall
1174
Jun
14% Jan
12
Hamilton
13%
12% Feb
Dec
16
(W
F)
Watch Co
34 %
34%
34
34
337ii
33%
33%
33%
33%
33 7
a
500
23%
x23%
23%
23 %
'23%
23 7a
,23%
23 %
23%
23 %
23%
8,000
14%
14 %
14 78
14%
14%
141/2
14%
*14%
14%
14 %
14%
1,200
*13
13%
*77%
79%
*3414
Cementing—5
,___5
_No par
com
35%
23 %
*141/a
25
Well
Printing Co
13
13
18%
142
Apr
Nov
May
81
1087a
23%
149
Jan
5
807a Feb
104% Feb
77
14
1077a Jan
Jan
Nov
3
20
Jan
Feb
145
Jan
5
23% Jan
3
27% Jan
12
5'% Jan
3
7% Feb
10
25%
Dec
4%
Jan
7%
Nov
3
Feb
23
6
147 74 Mar 15
Jan
68%
Oct
5
717a Feb
21
67a
574
Jun
10%
Dec
9% Feb
1
11
10
9%
Jan
6% Jan
3
8% Jan
7
19 Va
Feb
Dec
21% Mar
9
247b Jan
10
2074
Jan
Dec
25% Jan
3
33'/2 Mar 16
25
25%
(M
A)
Co
84
Jan
95 Va
Dec
30
Jan
37%
Dec
93%
3
Feb
36 74 Mar 15
Jan
95% Mar
8
41
Jan
9
1067a Jan
6
Harbison-Walk
6%
$4.25
pfd—No par
Refrac
Marx
Industries
Mfg
Hayes
Hecht Co
3%%
Heinz
100
Co
Jan
Jan
Jan
13 Va
Jan
1774 Aug
15 % Mar 10
20% Mar
3
Hercules
Jun
53
49 Va Jan
53% Mar 17
Hercules
Powder
122%
32%
42%
Oct
104
Dec
31
Dec
Feb
131
Sep
45
3
40 % Feb
Dec
26% Mar
Mar 14
Mar
Dec
125
7
23
Jan
6
40 % Jan
30
33% Mar 16
44
Mar 10
1277a Mar 13
4674 Jan
11
52
Nov
53%
Dec
53% Jan
4
5174
Nov
52 Va
Dec
51% Jan
6
53% Feb
3
x!3% Aug
21 Va
Jan
15% Jan
3
22% Feb
18
Jun
21 Va
Jan
13 Va Feb
10
187a Jan
7
70 Va Mar 14
14%
77
Dec
84 Va
Sep
8%
May
11% Mar
Jun
12%
15 Va
Dec
11 Va
Dec
14% Jan
56
80
Feb
8
Jan
6
3.65%
Helme
preferred
W)
(G
7%
5%
Hilton
Hotels
4
Hinde
&
12 74
Jan
15 V,
Sep
13% Jan
5
1574 Feb
4
Jun
29%
Dec
25% Jan
14
28% Feb
25
Furnace
8%
Jun
15%
Oct
12
Feb
23
14 7a Jan
5
Hollander
Jun
22 Va
Jan
18 Va Feb
21
19 Va Jan
9
34Va
27% Jan
28 Va
Sep
Jan
50%
Nov
44% Mar 10
47% Jan
11
Homestake
x24
Apr
34 Va
Dec
32 V4 Jan
13
37% Feb
21
Hooker
100
Jun
116
Dec
109
Jan
13
12574 Feb
21
Sep
101 Va
Dec
101 Va Jan
12
104
Jan
19
94 Va
16
29V4 Mar
7
5%
Jan
20
9
8y4
Jun
12% Jan
26
Jun
17%
47%
Dec
33 Va
Jan
35 74 Mar
9
Feb
14 %
Oct
13 Va Mar
8 Va
Nov
11%
Jan
8% Jan
9
lVa May
IOV4
Jun
17
Mar 13
42 V4 Feb
2
57c
12
Hudson
11% Feb
21
2%
Jan
1% Jan
3
18%
Dec
17 7a Jan
13
3V4 Mar
4
25>/4 Mai 17
Hussman
$ per share
31%
Jun
$ per share
36%
Dec
35% Feb
8
36%
Dec
341/4 Jan
25
Feb
Jun
100
Dec
'40 74 Mar 15
39
Jan
20
Feb
15
98
Jan
3
Jun
96
Jan
94V2 Jan
17
97
Jan
20
Jun
34
92
3474
Dec
Jan
25
37% Jan 20
25%
Jan
37%
Nov
36% Jan
13
4072 Feb
28
61%
Jun
55%
Nov
55
13
56% Jan
4
7%
Sep
lOVa
Jan
9% Jan
4
Jan
29%
Dec
Jan
8 7i Mar 10
281/2 Jan
3
32% Mar 16
Jun
8%
Jan
7
Jan
33 % Mar
53V4
Dec
45
Feb
7
55
Jun
72%
Oct
661/2 Feb
25
71
155
Jan
172
30
May
Jun
11%
8
Jan
165
4
Apr
163
Jan
6
41%
Jan
38
Jan
26
181/4
Jan
13% Mar 10
Jan
19
51% Jan
5
Feb
2
9
Mar 15
40 % Jan
15
Jan
9
12
10%
Dec
6
11
Jan
5
12%
Apr
18%
Dec
16% Jan
16
20
Feb
18
86%
Jan
9574
Dec
92% Jan
31
96 74 Mar 17
1% Jan
25
27a Jan
12% Jan
13
14% Mar
1
Jun
9%
xl45%
Jun
Jan
10% Mar
2Va Jan
13%
234
*71 V2
72-%
707a
717a
11%
11%
11%
11%
117a
15%
15 74
15%
15%
15%
*14%
15'%
27 %
27%
16
*15
27%
13
*18%
18 %
*18%
*18%
29%
29 V4
29%
45%
45%
45%
34%
34
34%
3474
116
116
*102%
115%
104
*102%
Jan
11
Feb
10
Dec
12
11% Mar 16
Jun
34%
Oct
32
Jan
28
36
Feb
4
73 Va
Jan
86%
Oct
84
Jan
4
88
Feb
24
3%
Feb
6%
Dec
6
Jan
4
25%
Jun
311/4
Jan
91/4 Jan
16
18%
18 7a
18'%
1,100
29
28%
29
1,300
451;,
4.500
34 7a
35 Va
36
36
2.000
115%
*116
117%
*117
117%
118%
120
*119
120
580
104
*103
104
*103
104
104
*103
105
45 7a
44%
45%
34%
34%
44%
*103
45
45
35%
No par
t
v
49%
49%
49%
49%
49%
49%
49%
49%
49 Va
49%
49 %
49%
4,300
25
45%
45%
45 %
45%
45 74
46 7a
x45 %
46%
46%
46%
46 Va
46%
8,700
16%
*16
c__
l
*16
16%
16 7a
1674
15%
40
40
40%
407a
40 Va
40%
39%
40
39%
40 Va
39 Va
'40
10'%
10%
10%
11%
11
11 7a
10 %
10%
10%
10%
10 V4
*16
16%
16 %
*16
133
Dec
143
Feb
26 7i Mar 17 *
130'/4 Feb
24
33% Jan
25
Feb
1
7% Mar 16
15%
16
17
16%
17
18
16%
16 %
16 Va
15%
16 Va
36%
36%
36%
3674
36%
36%
37%
37 %
37%
37%
37%
6,300
13%
14%
15,500
11%
11%
9,800
13%
13%
13%
14
13%
13%
13%
13%
13%
6.66%
*10'%
10%
10 V4
10%
10%
10%
10%
11%
11
11%
2%
2%
No par
*23%
23%
2%
23
Monday
Mar. 13
v
Par
,
$ per share
Sper share
AND
33'%
38%
common.100
36%
36 %
A—100
ser
*92'
100
*99%
PRICES
Wednesday
Mar. 15
Thursday
$ per share
$ per share
Sper share
40 %
33 %
39'a
4,200
37%
37 Va
37 3
a
37%
ll.bOO
94%
94 %
94 '4
300
39 7,
397,
40%
36
36%
36 Va
37%
95
93
93
101
*99%
95
101
34
34
34%
34%
common
No par
39
39
38 Va
39
55%
55 74
55 74
*92
*99 7a
101
101
*99%
35
35
35%
35%
35%
38%
38%
38%
39
39 Va
39%
55%
55 74
55%
55%
55%,
*99 %
*55
*35%
35%
33%
•
29 % Jan
10
13472 Jan
16
33%
Dec
371/4
Dec
94
Jan
103%
Nov
71/4
Feb
5% Feb
14
6% Jan
12
Feb
491/2 Jan
3
59% Feb
27
Feb
55 74 Feb
14
4%
Nov
104
37% Mar 17
10672 Jan
10
8%
8%
8%
8%
8%
32 7,
32 %
32%
32 %
32%
5.000
7%
*7%
7%
15,000
48 "4
4,300
Electrica
Co
De
A___
*7%
7%
7%
77a
7
l
*48%
48%
49
49%
49
49%
49%
*67 %
68
67
67%
677a
68 %
68 %
68 7,
169%
*169 7a
S
—100
*167
171%
71
a
169 7a
—No par
39%
39 %
39%
20
13%
13%
*13%
10%
*10 7,
Cons Copper
Inc
1
*10%
5
common
preferred—
17 %
100
Rubber
*95
No par
1%
No par
Iron
13%
Machines
No par
common
No par
preferred
228
26%
100
.
Int'l Hydro-Electric
*7%
50
No par
Mex,
Co
Minerals
&
Sys class
*178
A—25
Chemical com
preferred
International
10%
7%
40
13%
10%
17%
17%
17%
95%
95 Va
96
1%
14
1%
13%
228
226
26%
178%
x26%
178 Va
1%
14
226
26 %
179
7%
49
.
49%
68
69 %
*170
172
172
172
%
48%
68%
Nickel
of
Corp
39%
40'%
40 Va
40 %
39%
40 7a
8.900
*13%
13%
13 "a
13%
13%
14
13%
14
1,900
107a
18 %
*95 7a
1%
13%
226
97
*96
226
227
178%
Canada
18%
961/4
1%
14%
13%
14
229 %
230 %
231 7a
234
26%
26%
178
178
178
27%
26%
*178
179
11%
11%
11 %
11%
14,900
33%
34
34
33%
33%
•2,500
*86
89
*85
88
*85
88
*104%
Jun
57% Mar 16
International
Salt—.
41
Jan
46%
Oct
40% Feb
7
46% Jan
28
International
Shoe
Jun
57%
Jan
491/2 Jan
3
54% Feb
4
International
Silver
34
Jan
33
HVa
Apr
14
Jun
11
24
Jun
32
Jan
27% Jan
5
136% Aug
148
Feb
136
Mar
1
Mar
34% Feb
317. Mar 15
141
Jan
3
2%
Jun
6 % Feb
14
Jun
18%
Jan
14% Jan
5
81
Jan
94
Dec
92% Jan 25
94 V, Feb
44
Jan
56 V4 Jan
3
70% Mar
3
Jewel Tea
95%
Jan
Jan
3
107% Mar
1
3% %
30%
Jun
507a
45V4 Feb
29%
Jun
5474
48
7%
Dec
59% Oct
105% Dec
104
Dec
7% Jan
Coal
Jacobs
(F L)
Jaeger
Machine
57%
*57'/a
58%
200
41%
41%
41%
41 %
41%
1,800
51%
*50%
51%
50 %
50 %
*34%
38
*34%
38
*34 V2
38
*34%
38
*34%
11%
11%
12
11%
50c
Co
,
11%
*18%
18%
*23
24
*30%
29 %
138
HVa
18 Va
*23
38
*34 7a
11%
117a
18%
*18 7a
18%
18%
23%
23%
34%
31
34
31
31 %
31
31%
29%
30
307a
30 7a
138
138
l
Inc
6%
6%
6%
6%
6 Va
17%
16%
1774
*16%
17 %
*93%
94%
93%
94 74
No par
*66%
67
66 %
6774
100
3
Johns Manville
6
Johnson
2
109
Jan
20
33V4
Jan
27% Jan
13
31% Mar
4
Jun
86
Jan
81% Jan
13
87% Mar
6
Jones & Laughlin Steel com__No par
5% preferred series, A
:_100
30%
Dee
40 Va Mar
30 V4 Jan
13
34% Mar
6
Joy Manufacturing Co
8%
Jun
12%
9% Feb
17
11% Jan
Corp
104%
No par
46 %
.common
12%
*51%
preferred series A
100
Johnson
com
6%
6%
*16%
pfd—100
common
*138
138
l
109
*104%
106
46%
52 3
8
109%
46%
52%
*109
106
47
*93%
67
*104%
46%
52%
*52
109%
109
29%
30
29%
30
*85%
86%
85 %
85%
*85%
32%
32%
32 %
32%
32 Va
29%
17 %
*94
94%
67
66%
106
*104V2
47%
47%
52%
52%
140
2,600
19%
19%
*22%
23 %
34
33%
33 %
2.r
30%
29%
30 74
5,300
X30%
*
6%
138
6%
1774
17%
*94
66%
66
*104%
48
43'/a
54
54%
19%
%
140
67/a
6%
17%
*17%
139
6%
18
,
,1
90
3,500
700
94 V,
94%
40
66%
66
66 Va
1,700
106
48%
*104
48%
54%
55
109%
*109
109
30 %
30
31
30%
31
86
85%
86
86%
32%
32%
32%
32%
*109
*137
200
95
10§
109
36.800
23
19
94%
106
11%
33%
23 %
34
400
38
*22%
19
23 74
31%
*136%
57%
11%
23 Va
33
138
11%
11%
No par
Co__
Feb
73
520
57
56
Jun
4,200
5174
49% Jan
21
6%
557a
41 %
preferred
2nd
100
6%
55 %
6%
56
57
3
4%
55
57 Va
9
109
55%
51
Jan
Feb
6%
6%
55
6
41 Va
common
Jersey Cent Pwr & Lt 4%
&
6
55%
460
39,300
51
108 V4 Feb
Dec
6
55 7a
37%
105 Va
41 Va
Dec
102
6
55%
37 %
*105
*56 Va
____!
11
Co
55%
37%
105'%
41 %
No par
17% Mar 16
24
55%
36%
*104%
36%
105
57%
$6 preferred
\ 11%
*5%
*55
105
15,900
24,700
25
Corp
Creek
105%
6
36 Va
36 Va
*104 7a
7%
26%
134
50%
preferred
Island
35%
105
134
134
50%
Intertype
30
171/2 Feb
36
*104 %
35%
134
*56
9
4
29% Jan
35%
105
27
134
%
x41%
9
20 7a Jan
Nov
*133
88
7Va
26
51
3
Aug
34
26%
27 Va
133
7%
27 Va
41%
24
23
Jan
26%
133
*85
6%
26 Va
6%
57%
20% Jan
Dec
Feb
277a
133%
6%
6%
41%
17
20
18 Va
26%
132%
27%
133
6%
*50%
International Telep & Teleg—No par
International Utilities Corp
__5
Interstate Dept Stores
No par
77c
6%
*56%
1374 Jan
7
6%
25
3
14
6%
No par
_No par
common.:
13
Mar
6
100
Jan
24
July
preferred
9 74 Jan
36
35%
Int'l Rys of Cent Amer com—No par
38%
7%
89
Paper Co com—7.50
preferred—
No par
International
380
11%
x33%
33
27 %
2.300
35,100
llVa
*86
132%
27 %
179
120
600
7,200
34
33
100
1%
1%
14%
900
3.000
11
89
com__No par
Preferred
11
18%
96
*1%
230
26 7a
27 %
178 Va
*10%
19
96%
1%
14
267a
.
14%
1%
1%
14
10 Va
18%
96
18%
18%
18%
10%
10%
10 7a
10 7a
97
.
33
33
*6%
20
39%
39%
11
*32%
1
1,800
69
175
*170
175
11
11
*86
5
100
,;
_
Mining
50
30% Aug
7,300
s %
31%
Nov
61
600
8%
Intercontinental
5%
290
4,600
39
55%
*55
317a
43
71
36',a
8%.
Ctfs
$4
101
31%
Corp
4 "!o
Shares
39%
39
*92 74
foi
the Week
17
S per share
*94%
38%
*99 Va
6,300
Sales
Friday
Mar.
Mar. 16
36%
95
25%
HIGH SALE
Tuesday
Mar. 14
38%
101
15.900
3
2 Va
24%
36%
i
1000
*55%
3%
24 Va
'
A
50
2%
23%
23
22%
23
23
3 7a
3
3 Va
2%
2%
23%
Saturd^v
'
.
14 Va
•T
Interchemical
Int'l
5.500
15%
36%
Mar. 11
pfd
16,600
100
LOW
series
4,500
10%
par
STOCK
Co
500
16
5
common—100
1?.50
Insuranshares
Int'
5,500
60
98%
'
24
12%
8%
Steel
7%
13%
29
31%
Harvester
Jan
400
187a
29
8 74
Business
181
13
12 Va
18%
29
3174
Int'l
5%
4
2,200
12%
8%
Int'l
177% Feb
1 100
27%
31%
3
x26% Mar 13
Dec
15
%
12%
8 %
14
Dec
180%
1.4 %
27
*
*30%
Feb
212
29%
Jan
15'/a
28Va
*
5
28% Jan
235
Dec
Jun
12%
500
Rayon...,
Ingersoll-Rand common
6%
preferred
4%7c
12'/a
14%
*27%
15%
27 %
1,600
Industrial
Inspiration
14%
x27%
Power & Light_.No par
Indianapolis
Inland
1,200
99%
4.707c preferred
Illinois Terminal RR
Industria
3.700
15%
98 %
conv
Illinois Power Co
480
11%
15%
98%
12 %
12%
20
ctfs
72 %
11%
15%
98 %
4%
lines
71%
11%
15%
99%
,
non-cum
stock
73
11%
15%
99%
Central RR
Leased
71%
11%
99%
98%
i
Interlake
22%
14
6%
71
Va
11
*98 7a
Power Co
RR
70 %
99%
YORK
4
164%
Jan
Idaho
19,200
*98 7a
—100
.
Illinois
1,200
14%
36 %
Car
,.
21%
14 7a
18%
45
34%
*29
52:%
*20%
14%
29 Va
29
45%
5
52 Va
21%
13%
*15 Va
13
*12
18%
52%
21%
137a
74
15
28
1274
12
*12%
52%
21%
13%
2874
*15
28%
400
53
21
*52%
.
32%
$ per share
95
4
72%
11%
EXCHANGE
20
21%
*71%
1
Highest
-y:
73
13%
21
36%
Refrigerator Co
NEW
Range Since Jan. 1
Lowest
Highest
22%
13%
STOCKS
Year 1949
t per share
13%
32%
Hupp Corp
Range for Previous
Lowest
13 %
No par
Hunt Foods Inc
Motor
52%
13'%
Min & Sm Ltd_.No
15% Jan
53 %
52%
13%
preferred
non-cum
1
53%
800
126%
12%
Manhattan
12
2.700
54
*20 7a
10
com
Texas
of
Hudson Bay
45
53%
20%
preferred-.
Finance
&
45
54
53%
Howard Stores Corp
Howe Sound Co
Hudson
45
54
37
Oil
11 Va Mar 13
44%
54
43
32%
Houston
17
126%
45 7a
^4
54
42%
12 Va
Houston
44% Jan
127 7a
44%
*52%
*15%
90
*126 Va
44%
*20
5
6,000
1277a
*126 7a
*54%
54
800
53 %
127 7a
36%
49% Mar 16
5
127%
42%
15%
15 Va
52%
*126
32%
46% Mar 16
13
52%
37
13
28
167a
51%
12%
12
Jan
16 Va
52%
32
38 % Jan
8
16%
51%
12 Va
46% Jan
15% Jan
*15%
36%
Oct
37% Feb
15%
51%
32
44%
Oct
15%
50%
12%
48% May
Jan
15%
51%
367a
Jun
Dec
15 7a
51%
150
250
43
*42
43
33
Feb
16
42
12 7»
29 Va
11%
d.9
1,500
*36%
42 Va
46%
42%
33 %
*317a
preferred
Light & Power
Jun
43
42
500
104
32 %
33%
33%
7
Jun
43%
15%
43
104
12%
95 % Jan
Jun
33%
36%
Dec
4 Va
3 3'a
36%
99%
3%7c
104'%
34 74
*32%
Jan
Houdaille-Hershey
conv
104 74
33
33
86%
$2.25
Household
104
33
37%
37 74
37
31
9
104
32 %
127
2,700
98
12%
*32%
Jan
12 Va
51
*103%
*42
4,200
32%
*103
104%
23%
22
32%
*97'%
*36%
35
31%
*15%
21%
33 %
50
12% Feb
31% Jan
10
37%
10
common—No par
Dec
Nov
Nov
10
*36:%
*103
6,900
12 Va
13%
9
*43
30
*96 %
104
2.300
7%
73
221/4
51
32
9%
7%
98
36%
20%
com
32%
98
32%
*103%
10
Co
22
33
36%
53%
_
22 Va
37
36 7a
9%
*71%
7%
*9674
97 7a
*96 7a
12.50
41 Va
Jan
97 %
37
37
.100
Mining—
35 %
Jan
38
_5
Feb
38 Va Feb
*96 Va
97
.
900
6
10%
•
21%
29%
7%
'/a
6%
73
7%
30V4
22 %
29%
20 %
:
Jun
99% Mar
21%
0%
7%
7%
*52%
& Sons
Jan
14
7%
77a
*147
10
xlO
10
10
7%
1
30
34
*717a
73
*71 Va
9%
7 7a
22%
$4.50 2nd pfd series A_____No par
$4.25 preferred—
No par
3
71 %
73
9%
50
Co
Electrochemical
14
71%
*717a
9%
l
____
28 Va
9Va
6%
43 %
preferred
conv
6%
50
Holly Sugar Corp
(A)
6%
5
Co
16%
24 Va Mar
800
6%
126%
Corp
Paper
(Charles E)
Hires Co
26%
6%
6%
5
Dauch
Holland
100
*26
*674
*6%
126%
Inc
Heyden Chemical Corp
3 % % preferred series A
11
148 "a
26%
*42%
*53%
preferred series B
25
*147
26%
100
4%%
12% Jan
148 %
25%
par
4 % %
167a Feb
147 %
25
30
25
Chocolate com
—l_No
preferred series A
Hewitt-Robins
147
24%
22 Vo
No par
22%
22 %
147 7a
30
No par
common
preferred
Hershey
6
20
preferred
non-cum
1,800
227a
22%
lo
22%
22 7s
24%
25
29%
100
common...
30
22 %
*146 74
73
*95%
105 Va
22%
6%
*37
50
77%
*104 7a
147%
22%
25
200
13
77 "a
104%
22%
22%
*12%
13
79 7,
104%
105 %
104 Va
%
25
*29 %
100
Motors
40
105
*
*14674
5
common
9874
7%
105 %
*77%
7.9
*77 Va
77%
*104 7a
15
Co
preferred
J)
9%
2
____
Glass
common
(H
* 71 %
1
__
Inc
6%
77%
105%
22
14714
25
25
79 %
105 %
22
*146%
10
1
common
Corp
Hazel-Atlas
„_
*77%
10G
22
100
&
Corp of America
4% %>
preferred
Hayes
*105
com—No par
preferred
Schaffner
2374
34%
■
100
Eat
64 Va Jan
preferred
conv
Hare
Jan
Jun
4%
Hanna
Jan
20%
61
8'
13
13%
*13
13%
*13
•
72% July
1047a
105
49 %
55
15,600
1,100
109 Va
60
30%
30%
13,000
87
86%
86%
440
32%
32
32 %
6,700
10
1,700
K
Jan
10
Kalamazoo
Kansas
94%
Jan
102^
Aug
98% Jan
100 y8
Feb
105%
nov
104% Jan
9
107Va Mar 14
*34 Vt
Feb
49%
Dec
467a Jan
12
53% Mar 16
Jan
62%
Dec
59 Va Jon
26
64
Feb
14% July
10% Jun
17 %
Nov
19
Mar
14%
Jan
12% Mar 10
13 Va Jan
17% Jun
*13% Jun
23%
Dec
2074 Jan
13
22
19%
Dec
16%
30
18 Va Jan
52
For footnotes
see
16 Va Jan
page 22.
Jan
25
3
101
Mar
6
16
6
9
Mar 16
9
3.80%
4%
4%
Furniture
Power & Lt
preferred—^.
cum
Kansas
Stove &
City
Southern
non-cum
10%
10
10
*100'/4
101
*100 74
101
100
*104
108 7a
50%
*107
com__No par
preferred
100
Kansas power & Light Co com—8.75
Kayser (Julius) & Co
5
Kelsey Hayes Wheel conv class A—1
Class B
10
100
preferred
City
lo
10
10
9%
10
9%
10
9%
Co—
1
50%
*60
62%
*100V4
*
101
1
100 %
108%
107 %
*50 74
50%
50%
51
51 %
*60 Va
62
*60%
62
f 60%
107%
*107
100%
100%
100 %
*100%
101 %
107
108 %
*107
170
108 Va
30
52%
53%
53 Va
53 %
6,000
62%
*60%
62%
62
62
108%
53
*
IOC
6,500
*18 '/a
18%
187a
19
Xl8%
18%
18 Va
18%
18%
18%
18 %
18%
*12%
12%
21%
12%
12%
*12%
12%
*12 %
12%
12%
12%
12%
12'/a
*21V2
*2174
21%
*21%
21%
21%
21%
21%
22
21%
21%
1,300
17%
17%
*177a
17%
17%
17%
17%
17%
17%
17%
17%
17%
2,100
1,500
Volume
171
Number
4891
THE
COMMERCIAL
Range for Previous
Range Since Jan. 1
Lowest
Highest
$ per share
$ per share
NEW
Highest
$ per share
Jun
56%
Jan
50 % Jan
3
55
Jun
48 %
Nov
45% Mar
1
47 Vb Feb
Feb
16%
Nov
15% Jan
3
19% Feb
18
17 %
Jun
25
10%
24
Jan
106
'
13
Jan
4
Jun
16%
Dec
15% Jan
72%
Dec
69 % Jan
14
25%
Jun
31%
Jan
28% Jan
30
Kennecott
I
117
13
16% Feb
8
Kinney (G R)
71% Feb
•
Aug
98
Jan
93% Jan
9
Feb
43
Dec
40% Jan
27
48%
Feb
62%
Dec
55
Feb
20
62
43
Jan
60%
Dec
59Vb Jan
16
65% Mar 17
"96
Mar
•4%
42% Jan
i
Kresge
Jan
Kress
S S)
(
(S
H)
Kroger Co
Sales for
the Week
$ per share
Shares
50)8
50%
50%
51%
51 Va
53
52 Va
53
51%
5234
23,900
45%
45%
45
%
45%
457a
46
45%
457a
4534
46
1,800
18%
18%
18%
183/4
18%
I85a
187b
18%
187a
187a
19%
3,600
28%
28 Va
28%
2 81/2
,28%
29 Vb
283/4
29 Va
28%
29
5,400
115%
115%
28)4
*113
*115%
1167a
18%
par
,
28%
100
114
.115%
1
^16
16%
*16
16%
*16
16%
,*16
a 70
70 Va
M>70
70%
*70
701/2
70
No par
10
29%
30
29%
30%
100
__u
95%
95V8
95
95
Co_
&
Friday
Mar. 17
$ per share
$ per share
45%
common
preferred
$ per share
51%
Co common
Koppers Co Inc
90%
x35%
Thursday
Mar. Hi
Mar. 15
45%
.No par 1
$5 prior preferred
31 Vb Mar
Wednesday
50%
2nd preferred
conv
$ per share
PRICES
SALE
Mar. 11
5
Kimberly-Clarke Corp com—No
■4%
HIGH
Tuesday
Mar. 13
$ per share
(1157)
No par
Copper
County Land Co
Keystone Steel & Wire Co
Mar 15
AND
Monday
Mar. 11
Kern
29 V8 Mar 15
18
Mar
62
Jan
Saturday
,
Par
8
11 Vb
Jun
CHRONICLE
LOW
STOCK
$ per share
40
%' Dec
107% Dec
YORK
EXCHANGE
39
90
FINANCIAL
STOCKS
Year 1949.
Lowest
&
10
16%
115
115%
17
*16
167a
70
70
70
30%
30%
"16%
70
70
410
130
29%
29%
30
301/4
30%
95
95
95
95
41%
41%
41 V4
4134
41 %
41%
58
58
58
57%
57%
1,300
54%
65
65 '/8
65'%
65%
3.300
7%
38,200
41%
41 %
42
41 Va
41 Va
58
58
57%
57%
58
58
No par
63%
63%
63%
63%
6334
64
7%
7Vo
7%
4
37b
4
41%
117
95%
29%
*95
No par*
Co
(The)__;—
115V4
115V4
•
*571/4
64
*94
7,200
95
140
4,900
L
47s
Jan
3%
Jun
17%
Jan
9%
Oct
8
6% Feb
3% Feb
7% Jan
3
11
4% Jan
12
21 Vb Mar 15
22% Feb
6
Lambert
12% Jan
9
Lane Bryant common
Jan
6
22%
Dec
Jun
11%
Dec
43
Jan
47
15
Oct
10% Mar 17
46
Jan
25
47% Jan
Jun
26%
Jan
22% Jan
19
26% Feb
16
Jan
45%
Dec
40% Jan
25
47% Mar
16%
Jun
La
25
19%
37
Laclede
90%
22%
Jan
98
Jan
20
May
Jan
94
3
Jan
24
99
Jun
11%
Jan
7% Jan
3
8% Jan
49%
Dec
44% Jan
27
>50% Jon
7
5%
Jan
4% Jan
3
3
Jan
3%
Jun
1%
Jun
15
Jun
4%
24%
Jun
x41%
17
6
3
Jan
Mar
21
56%
Feb
Jan
Dec
54
Jan
13
57% Mar
Dec
10 Vb Jan
23
11% Jan
$3
10
11%
5% Jan
4
6% Jan
30
20%
Feb
26%
Sep
21% Mar 10
24 Vb Jan
Jan
64
Dec
61% Mar
65 % Jan
11
6%
Jun
8% Mar
34%
Jun
37% July
35% Feb
72%
Apr
91%
Oct
83
Jan
27
Sep
182
Jan
11
170
Feb
33
:
186
Jun
X6s/s
49
Jun
52%
Jun
Dec
10%
3
3
•
Dec
Belt
27
31% Jan
" 7
Lion
Oil
3
21% Jan
9
Oct
17% Jan
73
183/4 Aug
76
28 Vb Feb
15%
25 Vb
Jun
Dec
Jan
237s
273/b
75
Dec
172 »/2
Dec
Jan
95
13
6
25% Jan
81
Mar 16
Lone
27
28
Lorillard
174
11
34% Jan
3
235/b Feb
17
Oct
973/4 Feb
17
99% Jan
5
21'A Mar
18 7b Feb
23«
20% Jan
18
40% Mar, *4
27% Jan
28
Year 1949
10%
10 Va
10%
722 %
22 %
22 Vb
22 Va
63%
64 Va
7%
7%
*35%
86%
86%
86%
87
8 6 34
87
184%
184%
*185%
186
135%
1s5v2
51 Vb
51 Vb
*50%
51%
*49)4
513/4
*8%
8%
8%
8%
8%
8%
7%
■
66
64%
29
29 VB
28%
18%
18%
18 Vo
19
81
*79
103/b
700
22%
22%
4,000
64 Vb
65 3/8
10,300
•7Vb
87%
185 Va
185 Va
50%
51%
8%
774
87a
8
*36
77a
8
6,900
36%
361/4
36%
500
87%
87%
871/4
87'A
3,700
1851/2
185%
1857b
1853/B
120
5134
5P/4
513/4
83/4
II,000
'51
83/4
9
8%
1,000
651/8
66
(65%
661/4
65
65%
1,400
29V4
29%
29%
301/4
297b
29Va
4,000
19%
191/4
19)4
1874
19%
2,700
*79
SI
81
*79
81
*79 7b
26 %
80'/a
27
26%
27
26%
27%
27%
28 Vb
277a
28Vb
27'%
277b
16%
10,100
16%
16%
16%
163/4
T6%
163/4
16%
16 7b
No par
Corp
(Md) A
163%
79%
167b
79%
79%
21,300
79%
7974
797b
79 Va
8074
801/4
81
80
80%
4,900
2534
25Va
25
1,200
27%
25%
2734
25
273/4
27%
2774
3,600
1681/2
168 Va
*168
No par
*25
25
25%
27%
27V2
273/4
168 %
168 %
:
(M)
Sons Inc
cz
.
*167
34%
34%
34%
347b
38%
38%
38 %
38%
.38%
38%
38%
39
241/4
233/4
2 3 3'4
*24
24%
24
*98%
99%
*98
18 %
18 Va
-
EXCHANGE
168
168
34%
99 %
13%
Saturday
|
5,400
39'/a
3,600
2,600
241/4
24
99%
*98
193/8
HIGH
SALE
•
24
24Vb
991/2
*98
99%
19%
*18%
19%
1,400
PRICES
Mar. 15
$ per share
24 3'8
*
16%
Wednesday
Mar. 14
$ per share
35%
38 34
19
Tuesday
Mar. 13
$ per share
35
393/4
*93
AND
Monday
Mar. 11
Par
237b
140
35)4
38'%
183/4
18%
168%
35
99%
*98
18%
LOW
STOCK
168%
34%
10
YORK
*168
271/2
35
100
Co—
163%
*25
34%
com—1
preferred series A
Steel
L
;
4,800
10%
16%
25
Highest
57'/b
1
27)4
,$ per share
800
57
18 Vb
25
4%%
2,100
53/4
22%
'
*79
6,600
53/4
6
6474
87
291/4
18%
10,100
22V4
36
'643/4
29)4
534
2 Va
18%
17%
'.64 3/4
7%
-
2,900
22 Va
36
/
3,400
64 Va
•64
36
81
5%
2
10%
27%
NEW
S per share
*10%
64
30
Vb
173/4
1
57%
25'%
Lowenstein
2
561/2
35%
*79
6
56%
22
*64%
534
2
56)4
63 %
65
6
57B
64
1,900
49
5%
35% 1
18%
49
5:,4
5%
7%
64%
4914
17i%
22%
*29
49
10%
103b
7%
8
17%
27%
Range
Lowest
$ per share
*10%
STOCKS
"■»;
Highest
$ per share
55 %
>8
2
•
21
99%
8 Va
17%
10
Lukens
O
20%
*98
8
49
5%
5%
2 Va
13
35%
5
IP).Co common
for Previous
Lowest
5 %
7%
1%
35 % Mar 16
Sep
48
2%
5%
55%
8 Va
8
47)2
47%
5%
*98
8%
preferred
/
100
Louisville Gas & Elec Co IKy) No par
Louisville & Nashville
1
u.50
;4
19
Jan
100
Cement
167% Mar 10
307b Jan
47%
20%
99
8
35%
Corp
Long Bell Lumber
Mar
*98
%
10
No par
Aircraft
Star
99
5%
10%
No par
25% Mar "6
Jan
55 %
No par/.
Loew's Inc__
257a
Jun
Range
Lockheed
76
20%
99
5%
*10%
No par
;
Co
27
20%
47
5%
55%
Liquid Carbonic Corp com___No par
3V2V& convertible preferred_\__100
18 Vb Jan
20 Va
99
8
25
com_'
Co_
29% Feb
20 V4
20%
99
7
Lily
7 Mar :4
41%
Jan
15
Jan
80
8
22% Jan
Dec
32
317s May
207b Jun
13
-235/b Jan .13
Oct
Jan
19 Va
153
Jan
x165/8 Mar
Dec
257a
,
20%
47 %
1
Tulip Cup Corp
Lima-Hamilton Corp
Link
Jan
1,100
100
2
Dec
900
467b
5
11
337b
25%
46%
56
15
177b
*25V4
55%
9% Feb
78
*46'%
25%
47
8
5
preferred
■
47%
47%
251/4
46 3/4
*5%
66% Jan
Jun
Jun
7%
*46%
25 %
46%
*5%
Liggett & Myers Tobacco
23
47
4bV2
*97%
'
Savers Corp
I,500
25i%
18
63%
103/4
47
2 '4
*22
10%
45%
18%
s
1074
25
2%
No par
107a
47
18 Va
No par
800
2,000
11
*107a
25
2%
5%
4 >/8
21%
45 V2
18 Va
-No par
*334
21'%
'••43
8Vs
5%
7VB
4%
22
25%
2Ve
;52% Feb
Jun
Feb
Feb
Life
47
7%
*33/4
21'/a
47
18%
2
Jun
Jan
3
186
No par
11
7 Va
4
211/4
21%
45 %
20 Vb
98
Vb
10%
1
17
13%
14%
18
47
213,4
1st preferred—No par
non-cum
25
19
16 Vb
37 Va Jan
89% Jan
■
20%
8%
25
Libbey Owens Ford Glass
Libby McNeill & Libby
2
*20
98
21%
25%
*
46%
10
Coal com
*46
7 Vb
x7 %
4
Va
11%
*11
25
*453/4
100
21
21%
47
25
5
Cement
Jan
60 Va Mar
65%
X60
8% Mar
*46
1
81/4 Jan
45
Jan
x67*
1
7% Jan
4
11%
50
Lehman Corp (The)
Lehn & Fink Products
Lerner Stores Corp
9
44%
"11
—*
.
50c non-cum 2nd
pfd
6
6%
22
No par
Tire
Portland
7
4%
*21%
& Sons Co common__3,■
Lehigh Valley
30
6%
*4
No par
Lehigh Valley RR—
lo
Jan
&
(James)
Lehigh
4
2% Jan
4
8%
Jun
8%
1% Jan
Jan
4
75 Pesos Mex
(The)
3.85% cumulative preferred
Lehigh Coal & Navigation Co_
10
Jun
Co
Rubber
Lees
Mar 16
6%
Consolid
Lee
9
33%
Light Co
6% pfd
4% % preferred
Lane-Wells Co
7
23% Jan
Gas
Thursday
Friday
I per share
Sales for
Mar. 17
'Mar. 16
Sper share
the Week
$ per share
Shares
M
9%
Jun
9 %
14%
Oct
Apr
42
Dec
38% Jan
3
41% Feb
2
Jan
31 %
131
139
Oct
135% Mar
3
138% Jan
18
6%
Jan
17
Mack
32% Jan
9
Jun
27%
Jun
95%
Jan
8% July
15%
11% Feb
Jan
33%
11% Feb
Jan
13
31
Dec
1C4 V<
28
xl03
Jan
16
Mar 17
Jan
5
9% Jan
25
13% Mar
14
105
Jan
M &
"6
Trucks
(R H)
4%%
430
6
Madison
Jan
15% Mar 15
17%
Jan
9
19%
Jan
6%
7
3
20
Feb
11
17
550
Jan
9
Jan
7
Manati
Sugar
9% Jan
11
Mandel
Jun
Dec
9
Feb
% Aug
7% Jan
4
11
Dec
8% Feb
14
Dec
10%
17%
Jun
25
6%
Jan
16 % Mar
530
18%
Feb
17% Mar
7
25
Jan
3
3
Xfi% Mar 15
Oct
18% Jan
4
23% Jan
25
102% Jan
3
12
Apr
9% Jan
13
19
Jan
6
4%%
15% Mar 16
10 Vb
Feb
13%
Jan
11% Feb
6
13% Jan
59
Dec
56
Jan
13
63 % Feb
3
Jun
34% July
Feb
Jun
19 %
Jan
48
Dec
179
Aug
49
14% Feb
21
47% Jan
13
175
Feb
3
16% Jan
Master
7%
Dec
46% Jan
30
Jan
98%
Dec
100
Jan
12
98
Dec
98 % Jan
97% Jan
18
Jan
.4
100
Jan
80
30
Feb
$3.75
88
Dec
87
Jan
10
90
Feb
18
$3.40
15
Mar 16
Jun
12'/4
Deb
11% Jan
3
13
51
3
112
30
May
45
Dec
42% Jan
110
Jan
113
Sep
110% Mar
Jan
21% Feb
19% Mar
25
16
20% Mar .11
40% Mar
30% Mar
Jan
36 %
Dec
100
Dec
Jun
45%
24
Feb
41%
Jan
30 %
100% Mar 11
Mar
Jan
May
1st
27
42
McCall
28
103% Jan
McCrory
27
52% Mar
34
Apr
30% Jan
14
36
Mar
1
60%
Nov
53
Mar 13
58
Jan
3
42% Feb
3%%
10
41%
102%
Dec
38% Jan
13
Dec
99% Jan
25
Dec
23% Jan
23
Feb
25
Jun
17% Mar
102
Mar
26 % Jan
16
13% Jan
3
16
Jan
17%
Jan
14% Jan
3
17% Feb
93 Va
Nov
82
Jan
5
91
Jan
24
28%
34V4
Oct
32% Jan
6
36% Feb
23
10
27% Jan
9
Jun
20%
Jan
27
Dec
25
Feb
7%
Jun
13%
Jan
11
Jan
3
34 %
Jun
49
Jan
42
Jan
13
12%
Jun
7% Mar
27
Apr
90
Jan
105% May
18
July
30%
Jun
44
Jan
12
7
7% Jan
3
Merch
43% Feb
3
Merck & Co
99
Dec
96 % Feb
16
27
16
Jan
18
130%
Dec
v Jan
17
129% Feb
3
23'%
Jan
X20% Jan
25
25% Feb
1
40
Dec
37% Feb
18
43 Vb Mar 17
120
98
Mar 17
Jan
104%
Dec
101% Feb
21
105 % Jan
20
105%
Oct
110%
Feb
108
Feb
23
109 % Jan
9
8%
Jun
14%
Jan
13
Jan
3
17% Jan
3
20% Mar
7
18 Va
Jun
34
Dec
28% Jan
13
32% Mar
3
|5
139% Mar
7
10%
Aug
7%
Jun
43%
87
Feb
12%
Jan
12
Jan
63%
Nov
Mar
10 Vb
101
Nov
Jun
101
Dec
Jan
66 %
104
108
Dec
Jun
14%
Jan
Jan
11% Jan
Minneap & St
Minn
61
Jan
4
99
Jan
10
96% Feb
15
106
Mar
12% Feb
24
15% Jan
Feb
76
18% Mar 17
32% Mar
Jan
108 % Jan
Nov
22.
27
105% Mar
101
1
80
Feb
74% Feb
1
9
81
P &
1st
$1.50
2nd
183/a
163/8
*176'%
12 Va
12%
11%
.11 Va
57%
15
15
52
*176%
179
*99
100
*89
90
77b
29%
29%
3,900
97b
13,500
26%
105
105
14%
11%
*113/4
583/4
591/4
147a
9%
9%
187a
1874
1874
27
26%
27
105
*105
90
51,000
15'/4
143/n
15
12
11%
117b
59%
593/4
593/4
*176%
15
15%
143/4
15
2,800
54
547s
54%
547b
7,500
179
*176%
179
491/2
493/4
49 Va
49%
49%
49 VB
497a
50
49)4
*98%
991/4
991/8
991/4
99)4
99 )4
991/4
99V4
98%
98%
90
99V4
991/4
*99
100
99'%
9914
983/4
987b
100
90
*89
90
89
89
1
j
*99
100
*89
90
*89
*176%
*88
179
493/4
14V2
14%
14%
143/4
1474
15
143/4
147b
503/8
8,700
50'A
50%
501/4
50)4
51
51
51
51
110%
*110 J1
1107a
*im?
1107a
*1107(5
110%
1,500
231/4
23V2
*23 Vo
23V2
23%
237s
20%'
21
21%
211/4
*21%
21%
41 %
41
41
41
41
34%
347a
35 %
351/4
35%
1013/4
101%
*34%
49
35
101%
*40%
34%
*101
102
5
%
49Vb
*49%
4978
*34%
35%
*34%
36
*53
40%
101
53 %
53
40)4
40%
IOIV4
1011/4
24%
24%
247a
10
*14%
14%
*1414
No par
*17
17%
100
*89
91
*35%
53
40%
101 %
1
36%
17%
*89
*35%
25
14%
17Va
91
102
49 V8
49 %
50%
51%
351/2
*34%
35%
403,8
53
40%
53
*40%
*102
24
53
407b
103 %
1107b
*110i2
24'%
24%
22%
22%
*40%
41%
260
35Va
2,100
35
101%
.
52
*3474
531/4
407a
34
351/4
101%
101%
52%
2,300
347b
100
531/4
53%
41%
26',4
26 Vo
14V2
14%
*141/4
41%
26'%
14%
14%
17
17Va
17 Vb
90
90
171/4
*891/2
140
51%
343/a
25%
91
101%
52'%
25%
*102
1,900
35%
25
17
1,700
22»/4
411%
1031/4
*89
2474
21%
*102
*14%
1107b
*40%
102
*34%
*52%
*110J§
1031/4
*102
531/4
1,000
413/4
2,300
103V4
300
261/s
26 Vb
3,600
143/e
143/b
173/a
17
90
90
200
177b
92
4,800
250
„
.
36 V2
*35V2
36
36%
36%
26
26%
26.1/a
26%
25%
26 Va
26
26'%
25%
26
11%
11%
12
12%
12 %
4,300
11 %
12%
12 34
127b
12
12%
43%
*42)4
43%
42%
42
6,000
42 Va
43%
437s
437s
*43
*14%
3%
*35%
26
11%
*42%
_50
36%
26
>
14%
437b
14%
143/4
14%
15
147a
15'4
15
15'%
*7%
7%
*7%
7%
7%
*7%
7%
42 %
*95
*127%
*23
42%
97
42%
*95
42%
-97
42%
97
71/2
42%
97
12%
*96
36
42%
98'/a
*351/2
*7)4
43
*96
75/b
43
15%
300
270
16
4,000
■
*7%
42VB
7s/b
,
4278
200
3,500
•
97%
*96
128%
97%
*126%
128 'A
*126%
I28V4
*126%
128V4
128V4
128'%
*126
128 V2
233/4
23%
23%
231/2
23V2
23%
23%
23)4
23%
42%
42%
43
43
41%
42%
42%
pfd_100
42%
*103%
104%
103 Va
103V2
1031/2
*1021/2
103V2
*1021%
103'%
103'/2
*107%
109%
103'/2
*107%
109 %
*107%
109V2
*107%
109%
*107'/2
1091%
*107%
100
200
43Vb
103%
100
109V2
x42 %
4J1/4
42 7e
*22v4
23
1,400
2,000
'
50
5
14%
15
147a
15
15
15Va
14%
143/s
Mi/a
143/b
10
40%
40%
40 34
41
403/a
41
40%
423/b
42%
19%
19 J/4
19%
191/2
20
19%
20 Vb
193/4
30%
30%
30 3A
31%
31%
31%
31%
313/s
135%
135 Va
*1351/2
136 Va
1S51/2
135i%
*134%
12%
127a
127a
12%
127b
12%
127b
4,000
9%
9%
9%
93/4
97b
93/4
974
5,000
No par
common
19 %
5
*30
100
136
137
*135%
137
No par
12%
12%
12%
127s
—No par
11 Vb
11%
x97a
10
common
3
71 %'
*104%
97
72
105%
97)4
107'
*106%
No par
*106%
*1'2%
12%
100
*76%
77%
25
19 %
19 %
Minnesota Power & Light Co.No
par
32 %
70
104
97
common—1
preferred
10
147b
100%
18
—
preferred
3,600
90
5
Co
1,900
15
53%
50V8
1
1
Louis Ry
2,100
141/2
100
—No par
SS Marie
100
4,700
106
14%
40%
3.90%
100
3,600
■
50%
20%
Scott.—No par
x7 V2
50%
4C%
—No par
77b
293/4
18%
14%
2C%
_50c
14
57%
179
773
29%
TVb
91/4
11%
1,300
9
*1774
*183/4
57
8
19%
9%
12
*176%
*8 7b
18%
104
1,000
3,500
19,500
550
*7 7b
27
105
*535
8
9
18%
15
179
550
774
*1774
30
X9 Va
104%
*8%
26%
58
127b
*540
7% '
9
19
513/4
5u
No par
*104
*103 3/4
26 %
15'/4
———3
-
26 %
52 Vb
23
-
105
9%
9%
*183/4
15%
23
com
9%
19
26 3/8
52
*1104®
Petroleum
conv
18%
550
7 "a
*8%
11%
99%
1
preferred
$5.50
33% Mar 17
&
12%
49 %
Co
Minneapolis-Moline
Jan
*17%
*540
7%
9
15%
49 %
3.20% conv pfd series A
100
Minn Min & Mfg common.—No
par
22 % Jan
18%
550
71/2
*8%
52
52
*98%
-
Minn-Honeywell Regul
$4
*540
77b
9
*571/2
58%
No par
-
*104
12
*57%
*15%
_No par
;
26%
12%
*11%
>
9V4
*18%
106
5
common—
Prod
17
St
9%
19
26%
No par
Utilities Inc
Steel
21
221/4
South
550
73.4
No par
Co_
1st preferred
11% Feb
Jun
page
8%
*540
29%
—_1
Corp
——
Edison
14% Jan
Jun
see
Middle
Midland
550
7%
preferred series
Copper
3
16%
footnotes
Jan
177b
30%
4.35%
9% Mar 14
67%
For
Metropolitan
Mid-Continent
38% Feb
Dec
17
7%
preferred—No par
Machine
9
Oct
18%
131
2nd
43
48
Jun
173/4
3014
No par
Transp Co
Miami
Jun
1734
7%
No par
Merritt-Chapman
Mesta
17%
31%
Corp common
preferred
Inc
9
14 %
139% Mar
Min
conv
16%
7%
common-
$3.50 preferred
$4
16 Va
30%
—No par
Publishing
15% Mar
37%
23
&
16%
7%
convertible 1st,preferred
Mercantile Stores Co Inc
13
16%
31%
5r/o
7% Feb
16 1/2
7%
2nd preferred (1st series)—50
Shoe Corp__
1
Co (The) common—
—1
14% Jan
16
13%
31 %
Melville
39% Jan
Dec
101/4
15%
*17%
convertible
15% July
8% Jan
10%
18%
Mengel
.
104V4
10 %
1574
12'%
__
43%
97 Va
124% July
4%
*103
10%
153/8
1
McQuay Norris Mfg Co
Mead
Corp common
4%% preferred (1st series)
12% Mar 15
5,300
151/4
*104%
$4
18
31%
lOVa
—100
Mclntyie Porcupine Mines-
9
12'/a July
70 Vb May
31
104%
9%
McKesson & Robbins Inc
9
32
15Va
26%
common
preferred
McLellan-Stores
32
10)8
*17%
McGraw Electric Co—
1
3?
*103%
No par
McGraw-Hill
31%
15%
7%
100
Stores
31 Va
10%
*18%
-■
Preferred
18
12,300
104%
5
preference
Corp
127b
1
Corp
McCord
3
12%
IOV4
100
—
cum
127a
151/4
*8 Va
common———No par
preferred
24% Mar 17
Feb
Co
$3
12%.
i03%
*540
pfd 1947 series—No par
pfd—No par
$6
12%
16
cumulative
Maytag
121/4
31 %
*
a
15 Va
7%
Co____4
Stores
cum
30
300
12 3
10%
9%
Co
preferred
6
23% Feb
36% Mar
Dept
$3.75
138%
151/4
com—No par
Chemical
20
43% Jan
Jan
xl3
3
26
,9
Dec
92 % May
19%
33% Jan
Feb
L)
1.100
393/4
*136%
10%
7%
—
133,8
3934
138%
15%
*8%
pfd
*123/4'
13V2
40','2
*136%
10%
—5
prior
1334
*391/2
138 %
15%
*10
50
Corp
Co
13%
40
*136 V2
i_6.25
6%
Electric
89
50
Co
13%
40
138%
12 Vc
31%
10434
preferred
89
29%
31%
*103%
1
Corp—.
Mathieson
18
3/8
31%
,_No par
Martin-Parry Corp..
9-
Jan
12
13)4
40
40
*136%
104%
—
&
(Glenn
Masonite
54% Mar 16
178
Ry
13%
40
137
31%
1
preferred
Martin
11
Jun
St
12%
No par
Marathon Corp
Midland
Market
137
*103%
Cd
Marshall Field
13 Vb
*39%
100
10
RR
40
No par
com
Maracaibo Oil Exploration
10
Mar
Coal
Marine
5
27% Feb
105
39 %
7 Vb
Inc
Manhattan Shirt
31% Mar 11
8% Jan
Dec
Jun
11
Dec
Dec
104
7 Vb
8% Jan
14
Dec
Jan
38
12%
Square Garden
Mahoning
23
Feb
18%
Apr
19% Feb
7
24%
19 %
11%
12 V4
Copper
Magnavox Co (The).
9
Apr
8%
95%
170
5
13 Va
138%
Bros
525
Feb
Mar
6%
*136%
Magma
10% Jan
13%
13V4
*393'4
—100
Co
20
Jun
15%
5
common—10
preferred series A
Jun
5
Forbes
Inc
Jun
10%
90
Working Co—
&
preferred
Macy
20
10% Mar
M Wood
MacAndrews
32%
71'A
104
98%
107
71
104%
no
*106%
71
71
105
*105
98
99
IO71/4
*106V2
13
9%
72
1053/8
14
42'%
417b
423/8
7,200
20
195/b
197s
25,100
31 Va
31%
31%
136
72
723/4
71 34
72
*105
1053/8
10474
105
99
1071/4
14
99
*106V2
107'%
10,200
1,800
30
4,000
220
98%
98%
106%
106'/a
30
127b
4.300
1.300
121/4
12%
121/4
123/4
12%
127b
76 3/4
76%
7674
77
77%
7734
*77
19
19
*183/4
191%
187b
18Ve
700
33
3314
33%
333/4
33 5/b
337b
12,300
*19
32%
191/4
32 Va
19
323/4
I9V4
93
125/8
123/4
773/4
127b
77
77
90
17
18
(1158)
THE
COMMERCIAL
Range for Previous
# per share
-
38 Mi
Jun
54%
10%
7 Va
Jun
3 >4
Jun
15%
I per
tper share
-■
Jun
Range Since Jan. 1
sv
Lowest
"Highest
-
that*
46% Jan 25
Jan
Oct
9% Jan
3
4% Jan
25% Mar
21% Jan
3
4% Feb
10% Feb
1
Jan
12
Aug
27% Jan
Mission
6% Mar
1%
preferred
4
Mojud
Jun
12%
Dec
11% Jan
13
12% Mar
21%
Jan
26%
Nov
24% Jan
13
26% Mar 17
Monarch
45%
Jan
57%
Dec
54% Jan
13
60% Feb
3
Monsanto
101%
Jun
114%
Dec
110% Jan
13
119% Feb
7
$3.25
Jun
113
Dec
112% Jan
4
Dec
12% Jan
0
13% Feb
3
Montana-Dakota
22 % Mar
8
23% Mar
6
Montana
Jan
47%
14%
Jun
117% Mar 16
59
47%
48
48%
49%
49'%
49%
49%
50'/s
10%
10%
10 %
10%
10%
10%
10'%
10%
10'%
10%
4,100
5%
5%
5%
5%
5%
5%
14,300
24%
24%
25%
26'4
13,600
10 '4
5'/4
24 y4
$4
Machine
6'/4
20
1.25
pfd
conv
Co
series
24 %
24%
25%
26%
4,100
6%
6%
6'%
13,700
32
32'/a
32'/a
32
32 '/a
1,200
"12%
12%
12%
12%
12%
12'%
12%
12%
25%
"25%
26
25%
25%
26
26'%
26'%
2674
1,200
56%
56%
57%
57
57%
58
59
58%
591/8
19,900
i2y8
12i/8
25%
56%
,
25%
5
Shares
32
63/4
32%
32
share
32
6 y2
32%
6%
>
"12
5
51/B
t per share
6%
6%
6%
32
6%
6%
25%
25%
5
56'/a
56%
No par
113'%
113 ya
113%
114
114
115
115%
115%
116%
117%
118'%
113 '4
"ii3y4
115
115
115
115%
116'%
1,100
119
11674
com
pfd series A
conv
24y*
25
:
31%
share
t per
__No par
Tool
Chemical
5
.12%,;
pfd_l0o
con
,
3,500
No par
113 v4
116
117
117%
5
: i3y8
13'%
xl2%
12%
12%
13%
13
13
13
13 Va
12%
13
/
1,600
No par
22%
22%
22 y4
22%
22%
22%
22%
22%
22%
2274
22%
23'4
24.800
55 y2
55%
55%
55%
57'4
15,300
B
Utilities
Co
1,200
'
Power Co
(The)
53% Mar
54% Jan
3
3
Montgomery Ward & Co
10%
Jan
lJ'/a
Dec
13% Jan
13
15% Feb
6
Moore-McCormick
Lines
Jun
23
Jan
18
Jan
11
20% Jan
18
Morrell
Co
14
Jun
26%
Dec
23% Jan
3
36% Feb
11
Motorola
16%
Jun
27%
Dec
26% Jan
3
30% Mar
21% Jan
4
share
4~3/4
5 y4
Carpet Mills.
Hosiery Co Inc
16%
Feb
share
47%
:—100
series A
9
10
t per
47%
10 v*
Mohawk
31
1037b
share
5
Missouri Pacific RR 5%
9
Jan
Jan
Sales for
the Week
47 %
f per
No par
com
3
35
35
Friday
Mar. 17
Mar. 16
Mar. 15
$ per
Development Co
Mo-Kan-Texas RR
Jun
8
•
Thursday
Wednesday
Mar. 14
10
Corp
25
Mar
Tuesday
t per
Par
Mission
27
6
PRICES
HIGH SALE
Monday
Mar. 11
9 per share
10
5%
LOW AND
Monday, March 20, 1950
Mar. 13
Saturday
STOCK
YORK
EXCHANGE
50% Feb 20
3
3% Aug
NEW
-
Highest
'
t
Jan
6
CHRONICLE
STOCKS
Year 1949
Lowest
FINANCIAL
&
Motor
(John)
54%
13%
13%
13%
13%
13%
14
13%
1374
13%
20
20
19%
20
20
20
*19%
20'/a
*19%
34 y8
34%
34%
35%
34%
34%
35
36%
36
36%
35%
36
No par
28%
29 J/4
28%
29%
29
29%
29%
30%
30
30'4
29%
30
"22%
"23
14
5
"19%
Inc
Products
56%
55%
14
20
No par
No par
3
&
Corp
54%
56%
55%
57%
14
3,300
20'/a
400
10,500
6,300
.
15'4
Jun
23%
Dec
3
23% Jan
Motor Wheel Corp
5
23
23
23»/s
23%
23
23'/a
23
23
22'%
23
11%
Jun
17%
Jan
13% Mar 14
17% Jan
7
Mueller
1
14
14
14
14
137/0
14
14
14%
14%
1474
14%
14%
X9'4
2,800
Jun
14%
Jan
12% Jan
15% Mar
4
Mullins
1
14 %
15
14%
14%
14%
14%
14%
15 Va
14%
15 Va
*14%
15
6,500
10
400
9
Dec
38%
11
Oct
10
Jun
9% Feb
2
Dec
49% Jan
12
110% Jan
3
10% Jan
18
12
52% Mar
113
7
Brass
Co
Mfg Corp
Munsingwear Inc
Murphy Co (G C)
Mar 17
4%%
Dec
15
Jan
13
17% Feb
24
Get
36% Jan
13
40% Feb
24
Murray Corp of America
4%
preferred
Jan
13
45% Feb
10
Myers
9
18% Jan
12
Nash-Kelvinator
51
Jan
43
Dec
16% Mar
(F
E)
&
52 y4
52'4
16%
i6y2
16%
9%
"9%
52'/4
"51%
52 %
"52
112%
112%
*112
16%
16%
16%
113
"112
113
"112
10
com
"9%
9%
"51%
1
100
39
July
9%
5
common
preferred
15%
30% Mar
41
Jan
50%
112% Mar
Feb
108%
13
9%
9%
9%
16%
52%
9%
*9%
51%
52%
114
*112
5174
900
113
112'%
40
17
16%
17 Va
16%
1674
x37'%
37'%
38'4
38%
*44'4
45%
100
17'%
18,900
50
"37
39
*37%
39
37%
37%
"38
39
No par
"45
46
"44'/4
46
*44%
45%
"45
45%
;
Bros
9%
52 %
114
900
45
45
4,600
500
-
N
10%
Jun
17%
22
Jun
32%
Dec
32
Jan
3
39% Mar 16
17%
Nashville
Jun
24%
Dec
23
Jan
13
25% Feb
4
National
Acme
8% Jan
14
National
Airlines
5
Jan
9 Va
Jun
10%
Jun
28
Jun
Jan
170% Mar
30 Va
4%
13
Jan
4
National
Dec
12
Jan
13
15% Feb
24
National
Aug
36
Feb
24
41% Jan
11
National
Battery
40%
Dec
37% Jan
13
397/s Jan
17
National
Biscuit Co
185%
Sep
181% Feb
9
Jun
9 %
16% Jan
13%
Jun
5
3
41
Jun
5%
7% Jan
Jun
7% Mar
36 '%
8%
8
6% Feb
14
23
8% Jan
4
7% Jan
3
10% Jan
3
12% Jan
Aug
9%
Jan
32% Feb
Nov
Jan
Jan
12
186
7%
9
14%
14'%
14'%
14'%
14'%
39%
39'%
40
39'%
39'%
700
38 %
38 y4
37%
38%
38
38%
38%
38%
38
38%
38
38'4
6 400
184%
185%
184%
184 %
184%
Jan
6
National
Can
11
National
Cash
10
Feb
15
National City Lines Inc.,
8% Jan
28
National
Container
17
National
Cylinder
National
Dairy Products..;
10
Register
14%
Feb
9
Feb
20
11 % Jan
13
10
180% Jan
3
169%
Jan
183
Sep
135
Jan
152%
Dec
5% Mar
14
7%
xl50
Dec
19 %
Jun
Dec
Jan
ll
19% Mar 16
100% Mar
183% Jan
155
Feb
4
7% Mar 17
Jan
?5
20% Mar 16
% Feb
25
Jan
13
x%
Jun
19%
Jan
26
Dec
23
73 %
Jun
95%
Nov
88
Jan
13
21%
Feb
28%
Dec
26% Jan
18
28
15 %
Feb
2
Dec
Jan
va
U Jan
15
4
Mar 17
105% Mar 17
39% May
15% Feb
14
17%Jan
11
Dec
86
79% Jan
19
82% Feb
Jan
3d %
13
40% Mar
9%
Jun
lot/,
«r>r
9%
Jun
13%
Nov
Jan
36%
Jan
1iv,
Jon
5
12% Feb
28
10% Jan
uec
13
11% Jan
3
2
Lead
Lowest
13% Mar
10% Jan
4
12% Feb
28
14%
14% Jan
13
17% Feb
10
Neisner
102% Mar 10
104% Feb
10
4%%
Jan
9
104%
93 %
8'4
Dec
Dec
39% Nov
102% Oct
Jan
37% Jan
42
xll%
Dec
102%
Dec
102
67%
Dec
60
Jun
9%
Feb
17
100% Jan
Jan
Mar
94
4
10% Jan
Feb
3
27
Mar 14
40
Nehl
105% Feb
16
12% Mar 15
93/8
9%
9%
3 500
..100
183 y2
183%
J
5
Newport Industries
Apr
26% Mar 17
29% Jan
20
Jun
33%
13%
Jan
26% Mar 17
30% Feb
4
New
Jun
3
New
4
N
Jan
11% Jan
Jun
1021/4
Dec
98
Jun
142
Dec
137
3
Jan
3
Jan
30
13% Mar
110% Feb
145
4 %.%
Y
10
4
18% Feb
9
N
29% Mar 16
34% Jan
6
63% Jan
18
Jan
10
N
27
N
Jan
13% Jan
Jun
30
Dec
48
Feb
61
Dec
56
Jan
26
205
Dec
250
Mar
220
Feb
21
-
232
<
Jun
9%
Jan
7% Jan
21
3
10% Feb
Jun
33%
Jan
30% Jan
4
36
15%
Feb
19%
Apr
17»/4 Jan
3
13% Mar 13
Sep
53%
Deo
53
Jan
86
Jan
9o%
Nov
95
3
Jan
9
21% Jan
York
23
8V8
20%
20%
20 Va
Mar
%
%
%
ill
'%
'%
24%
24%
24%
24%
24%
IO2V4
102%
103%
103 %
27%
27%
27%
101%
"27
28
39%
"39%
39%
39 %
39%
11%
11%
12
12
12
"ii y4
11 y2
ll'/a
11%
11%
11%
,yjt>.
58% Mar
100
Feb
24 % Mar
7
15
9
28
Jan
79'%
39%
39%
39%
39%
39%
40
12%
12'4
12'4
900
11%
ll'/a
11 Va
2,900
*11%
11%
12
*12
Monday
AND
HIGH
Tuesday
Mar. lb
Mar. 14
* per share
t per share
SALE
ll'/a
ll'/a
Wednesday
Fridav
Thursday
Mar. 15
Mar. 16
Mar
$ per share
t per share
11%
11%
11%
11%
1174
17%
17%
17'/a
17'/a
17'/a
17%
"103%
104%
104%
*103'%
104'%
*103%
104'%
*103'%
104'%
39
39
104%
"103%
12'/4
12%
104
"61%
■
"103%
"100
63
11%
61%
11%
11%
"67
*103%
123/a
12%
39
104%
12'%
104
*100
104
62
60
60
11%
11%
11%
66'%
67
27
273/a
26%
27%
27%
27%
"67
27
27
27%
12%
104%
*38%
68
68
27%
1
39
13'/a
12%
13%
39
*103%
12%
"100
61%
39
39%
104%
*103%
12%
12%
104
*100
63
63
11%
*103'%
40
104%
12%
*100
12'%
12%
68
68'%
27 %
12%
12%
68%
27 %
27%
27 Va
27%
26%
27
5,100
27%
27%
27%
27%
2774
26'%
27%
3,400
13'%
47 900
105'%
3,000
13'/a
13%
105
106'%
141
140
141
City Omnibus Corp
No par
15 Va
15%
15%
15%
15%
15 %
15%
15%
15'%
15'%
york
No par
"28'/a
33%
30
30
*28'%
29%
*28'%
29%
29%
29%
New
RR
Haven
Preferred
Hart
&
series
5%
No par
"55
__50
"200
Co__;_
RR
9%
93/4
35%
18 Va
18%
57
97%
23%"
23%
23%
273/8
27%
27 %
27%
State
25
preferred
100
Niagara Mhk Pwr Corp com.No par
A
No par
10% Jan
12
13
33% Mar 11
Nopco
3
53% Mar
Norfolk
26% Jan
6
28
18% Jan
10% Jan
&
27
16
21% Feb
24
North
American
13
13 % Feb
27
North
American
13'/a
104
*139
9'%
19
£7%
57
57%
57
57%
97%
".97
97"%
9774
9774
23%
23%
23%
23%
27 V*
27'%
27%
27%
15'4
*28'%
60
*34%
140
15
220
9%
"87%
89
"87%
"94%
95%
"94%
95%
103%
103%
103 %
32
*58'4
*200
600
1,200
29'%
40
60
360
220
9%
9%
9'%
9%
9'/a
9'%
35
34%
35%
3 5'/B
35%
34%
35 Va
3,700
19%
18%
19
18%
18%
17'%
18'4
10,100
57%
58
57%
58%
57%
5774
97%
97'%
97 V2
97%
97%
23%
23%
24
23%
23%
46,600
27%
28
27%
28%
8,500
90'4
200
9%
4,700
32
32
89
32
*87%
88'%
*97
*87%
88'%
89
*89'/4
89'%
"94%
95%
95%
95%
"95 Va
95%
*95'/a
95'%
J 03'%
103'%
*103'%
103%
103'%
103'%
*103'%
103%
32 Va
„
32'%
32 Va
33'4
3 3'4
33
33
33
2,600
f-
180
200
290
2,000
1
"9%
9%
9%
9%
9%
10
9%
4
33%
33%
33
33%
32'%
32%
33
33
x32%
33'/a
:_25
50%
50%
50'4
50%
50%
50%
50%
51
51 Va
51'%
25
"26%
27 '4
27
27%
10
21 y4
21 y4
21%
21%
21'/a
21%
21%
21%
21%
21'%
21 '/a
21%
29,400
1
12 y8
12'4
12%
12%
12'%
12%
12%
12%
12%
13
12%
13
30,000
Co
Western
Feb
60
*200
19%
2.50
Industries
Chemical
60
220
35%
"102%
Noma Electric Corp
4
Jan
59
9%
100
Noblitt-Sparks
13%
"200
35
18%
.
100
1.100
...
14
59'%
220
13%
780
Corp—
Common
$3.75
59
35%
Y
«
*200
1
Shipbldg Corp. partic stock
Gas
59
220
.100
Y
&
58
"200
Co.100
A.
N
Elec
60 y2
220
2.500
3,600
12%
67
105'%
Harlem
17,500
64%
12%
12%
&
12%
66'%
103%
common
104'%
11%
140
Dock
800
2,300
*66'%
137%
com
1,700
104
63'%
64%
Shares
104'%
40
*103%
12%
104
1174
Sales for
the Week
7
7
40
103
Co
17
$ per share
12
17%
12 y4
220
2,300
PRICES
101
91/4 Jan
20% July
11% Jan
1674
79'%
137%
48% Jan
Jan
16'%
102
34% Feb
6
1674
80
11%
No par
preferred
Dec
16%
79'%
"17
1
preferred
Jan
16%
80%
xll%
preferred
14
16%
137%
3.60%
59'4
300
12,600
6,100
x79%
137%
3.90%
3
27%
101 %
Class
6
105'%
27%
11%
"103%
2,000
104%
17%
"100
4,300
4 8C0
27%
140
3.40%
95% Mar 15
105
103
31
103% Mar
*27
102
28
19
104%
27%
"137
Jan
12
104
11%
.No par
Louis
29
25% Jan
Dec
1
16%
82
"27
W5
95
.
I per share
39
4,200
20%
2474
101%
60
7%
V2
"24%
100
Y
Y
19%
y2
241%
11%
100
$5 non-cum preferred
4
19%
30
154%
%
100
St
89% Feb
30
Jun
20%
19%
*154
241/4
series A
&
preferred
12
93% Jan
Jan
19%
19%
39%
common
Brake
23
98% Jan
15%
7%
16%
lo
Central
Chic
6%
Y
Air
26% Jan
28'%
7%
"16%
preferred
86'/4 Jan
Mar
154%
7%
1
N
48'4
26
153%
7%
"81','a
Mining Corp
York
New
14%
20%
„
154 74
7%
161/2
Newport News Ship & Dry Dock
Jan
-
Jun
Sep
*153%
7%
81%
100
Elec
14% Jan
9%
Jun
1547a
7%
16%
No par
com
183'4
%
Mar. 11
preferred.!
England
Mewmont
24 y4
10
J)
5
68% Mar 16
15
(J
210
10,900
183'4
184
-183
10,500
39i%
"153%
7%
"811/8
.
19%
99'%
38%
155
x7%
Saturday
preferred
Co
19'/a
*98
184
LOW
common
67
66% Mar 14
39%
100
Inc
Jan
11 »/8 Feb
19%
99
38%
*183
8i y4
STOCK
19'%
99
38%
184
16%
*
38%
9%
"183
16%
■
19%
100
100
9%
184
1
1
18%
9%
24%'
24%'
l
Jan
38%
"79%
pfd__100
Dec
18%
100%
9%
154
19%
V2
18 %
37%
10
com
System
14%
47'%
19%
No p.ar
x
"100
37%
9%
*183
7%
7%
191/s
100%
37%
155
"154
.1
New Jersey Pr & Lt Co 4%
72%
21 '4
18%
100
37%
9%
No par
Bros
3%%
New
35
27%
19
100 '4
37%
No par
27
Apr
16'% May
6% Jun
19
100 y4
10
Co
,
Feb
Jun
5%
9y4
9%
lo
102
65
56
9%
;
Corp
Newberry
23%
117%
4.300
22,900
Par
Jan
Jan
15%
23'4
EXCHANGE
Jun
Mar
15%
23
t per share
9%
19.400
15%
23%
Co
YORK
44 '/a
15%
23
Co
NEW
43'4
15%
23
100
(The) Pa
preferred
Highest
$ per share
44%
15%
22%
1
National Supply
Range Since Jan. 1
Highest
$ per share
8 500
15%
Co
r
5.500
2.200
12.5o
Cast
Fibre
9'4
7%
ll'/a
23
*27%
Vulcanized
43%
43 %
9'/a
7%
1074
15 %
101 %
A -Iftatomas
41%
42
9%
7%
ll'/a
7%
11
22%
.25
Tea
41%
9%
7%
260
2.200
9,600
15%
No par
Natl
41%
9%
11
7'/a
38
231/a
National
National
7%
10%
.
37%
15%'
No par
4'%%
77/8
10%
7%
'38
22%
100
Ref
9%
7%
10%
7%
185'%
15%
No par
Sugar
7'/a
37%
185'%
185'%
1,500
23
Corp
Steel
9%
7%
38'/a
17%
15%
1
Lt
9 %
7%
7
17 %
22%
ex-dist
12%
29
&
&
Power
41%
41%
9%
184'%
37
11
STOCKS
Year 194;)
xlOl%
4iy2
7
37%
17%
17%
5
com
Service
Malleable
■:.«
Lowest
No par
National Shares Corp....
National Steel Corp
Range for Previous
$ per share
734
"10%
preferred B
Natl
9'4
7%
11 y4
7
36%
16 7/8
No par
common
6%
Natl
9%
7%
"10%
Stores
A
Linen
9%
1
No par
Co
preferred
National
2
21 %
x80
7'/8
1
16%
184%
361/z
1
Prod
Gypsum Co
7%
25
7% Jan
18
7
36
Co
$4.5o preferred
National
U
ta
35%
Enameling & Stamping
National
6
39% Mar 17
7%
"35 y2
Co
Gas
Department
11
185
No par
Corp
Distillers
13
16%
16%
"184%
100
National
Jan
16%
Inc—1
preferred
Nat'l
840
14%
38 % Jan
44V4 Mar 16
8'%
"38%
National
17% Jan
6 300
8%
14%
7
35
17'%
8%
8
38%
5
94% Jan
8.400
8 %
16%
18% Jan
Dec
8'%
8
38 %
24% Jan
Dec
8'4
8
"14%
13
Dec
"7%
14%
Jan
19%
7%
16%
22
95%
1,600
7%
39'/«
Dec
38%
24%
17
14y8
Dec
Apr
39%
24%
"38%
Aug
86% May
39'%
25
14%
17%
25%
39%
25
39 y4
22%
Jun
38'%
24%
16%
14%
30%
Jun
38
24%
16%
"38y8
Feb
7%
36%
25%
4
Fibres
Jun
xll%
17%
36%
24%
Corp
Feb
27
17
36%
24%
Co
13%
Jan
17%
36%
24%
common..—10
Aviation
17%
15% Mar 10
16%
"36 y2
24%
16%
_5
Automotive
27%
38
16%
36%
»24'/«
1
Apr
18
16%
36V2
1
5
Louis
St
&
Co
Dec
Jun
30%
9%
18
16%
100
Corp
Chatt
Ry
com
Adjustment preferred
Co
;
Aviation
:
75'% July
85
vPb
78% Jan
5
84% Mar 13
Northern
31
Central
Jan
39 7 8
Dec
Ry
35 % Jan
13
39% Feb
23
Northern
Natural
Gas
Jun
19'%
Dec
17
Jan
3
21% Feb
17
Northern
Pacific Ry
Northern
9%
*27
27%
9%
*27
27%
*27
10 Va
9'%
27%
9'%
32%
32%
6,200
50'%
—
51'/a
11,300
*27
27'4
3,100
200
States Pwr Co (Minn)—
1
H'%
87a
84
Feb
ll'/a
Dec
10% Jan
3,
12% Mar 16
95'%
Dec
93 y4 Feb
2
95 Y* Jan
21
18
108% Feb
9
107'4
Sep
!.
7
Jun
12
Oct
10% Mar 10
13
Jan
5
Y3%
Jun
20%
Oct
16% Mar 10
21% Feb
18
30%
Dec
3t>°/8
Ut-C.
23% Jan
31% Jan
10
14'4
Oct
lQo'% Marl
T°
1% May
11'% Mar
<
*1
4
1% M"r 16
14
Jan
4
fNorwalk
17
Norwich
28
84%
*84
84%
84
84
37
37%
37%
37%
37
37%
38
38%
38%
39
20
19%
20'/a
19%
20 %
20'/a
21 Va
21'/a
21%
20%
21'4
23,700
12%
25,700
Tire
12%
12%
12%
12%
*84-
84%
84%
*84
40
5,400
12%
12%
No par
"94%
*108'4
108%
103%
108%
*108'/a
108%
108'/a
108%
108 Va
108'/a
108%
108%
430
10
10 Vs
10%
'10%
10%
10 Va
10%
10%
10%
10'%
10%
10'%
10%
18,900
25
17
17%
17
17%
17'/a
18
17'%
18
17'%
18
17'%
17%
12,300
50
31%
31%
31%
31%
31%
31%
31%
31%
31%
31'%
31%
common
preferred
Northwestern Telegraph
13
84%
37%
19%
No par
4.6%
3% Jan
84 y2
37%
__No par
$4.80 preferred.._>
Northwest Airlines Inc
16% Jan
"84
100
$3.60 preferred
107% Jan
50
—10
Co
Common
Apr
Co_____
&
Rubber
Pharmacal
No par
Co
2
2.50
95
94%
31%
.
15%
2
1%
"15%
15%
9S
95
2
15%
12%
9474
12%
12%
95
95
174
1%
1%
1%
15'%
15%
15%
15'%
12%
12%
95'4
95
95
1 Va
1%
1'%
15%
-
15'%
1474
1%
15
520
1,290
6 500
3,800
O
27'%
Jan
33
y
31% Jan
13
35'/a Feb
99'4
Jan
110
Dec
108'/a Jan
23
112% Mar
9
Jan
26'% Feb
14
28% Jan
5
Ohio
19'/a Feb
14
20
9
Oklahoma
23'% May
17% Jan
33 %
19%
Dec
20
Jun
31%
Jan
23'% Mar 10
91
Nov
99
Jan
92
Jan
31
Feb
10%
Dec
10'4 Jan
3
6'%
79% July
18'% Aug
28
Jun
105
Nov
ll'/a
Jun
96%
Dec
95
Jan
3
??%
Jan
2014 Jan
20
40'4
Dec
37'% Feb
17
108
Dec
16'%
Dficf
64'% July
79
Jan
49 '/a
64%
Dec
For
Jan
footnotes
see
page
106% Mar 15
Jan
27% Jan
100
Feb
l4% **ar
in
21
8
99% Feb
23
2^
Feo
27
41
Jan
108% Feb
7
2
14% Jan
16
16
Jan
9
74'% Jan
f
4
82
Jan
14
63 ¥4 Jan
22.
13
67% Feb
16
Ohio
Edison
4.40%
Otis
$4
Elec
&
Corp
*19'%
1
34'4
112
277b
27'%
19%
19%
*19'%
34'%
34'%
34%
34'%
34%
34'%
34%
111 '4
110%
110'%
240
27%
28
23%
28%
28%
28%
28%
20,700
20
19'%
19'%
19%
19%
*19%
112
"111'/a
112
•
111
20
21,100
700
23%
23%
23%
23%
24
24
24
24%
24'4
24%
24
24%
*96'4
96%
96'%
96'%
96 %
96 %
96'%
96'%
96%
96%
110
13%
14 Va
14
14 '4
14 Va
14'4
137b
14%
13%
96%
13%
96%
5
13%
14%
9,900
A..100
*97%
98
98
98'/4
*98'4
98%
93'4
98'%
x96'%
97
*96'%
97%
610
23
*21
preferred
10
&
Mfg
_
62.50
2.50
No par
Glass
Co
*21
No par
_
_
Owens-Illinois
20
74%
112
27'4
100
__
Marine
l
No par
common
preferred
xl 12
27%
common
Collins
Elevator
Co
pfd___20
34 Va
34 %
112'%
preferred
(The)
convertible
Outlet
4%
27'%
common
convertible
Outboard
"112
No par
Gas
Oppenheim
34%
8
100
_
Co
Corp
4'%%
Omnibus
8%
common
preferred
Oil
Oliver
Co
12.50
23
22
22
*21%
23
22
22
38%
*
38%
38%
39 Vs
38%
39%
39'4
107'%
*106%
107 %
*106%
107'4
G06%
1071/4
14%
*14'%
15'4
*14'%
151/4
*14'%
79
*75
78
*75
78
*75
65
65%
"21
39%
1C6'%
14%
*75
65'4
65'4
64%
65
64'%
64'%
39%
39%
106%
107 %
15'4
*14%
15'4
77%
*75
77'%
*
65%
66
3
22%
9%
107
*
40
107
'
1\'%
15'4
*73\
3,700
200
8,500
80
100
77%
65
1
65%
2,900
Volume
171
Number 4891
THE
COMMERCIAL
Range for Previous
>
Range Since Jan. I
Lowest
Highest
I per share
FINANCIAL
CHRONICLE
STOCKS
Year 1949
Lowest
&
I per share
1 per
NEW
Highest
share
YORK
LOW AND
'
STOCK
Saturday
EXCHANGE
Mar.
t per share
Par
Monday
II
Mar
I per share
HIGH SALE
Tuesday
U
.
(1159)
S per
tper share
PRICES
Wednesday
Mar. 14
Thursday
Mar. 15
Friday
Mar. 16
$ per share
share
19
Sales
Mar. 17
I per share
for
the Week
I per
Shares
P
U Va Mar
7%
14
Jan
11% Mar
3
13 V9 Jan
3
Pacific
Amer
Fisheries
7% Jan
3
9% Feb
28
Pacific
Coast
Co
10
57% Jan
17
1st
29 % Mar 10
34% Jan
12
2nd
21% Nov
20Vi Jan
23
34
31% Mar 17
Nov-
10% Jan
71
Apr
52
29
Sep
Aug
40
Jan
18
Feb
30%
Jan
51
Sep
Jan
25
Feb
4
50
Jun
Jun
89
Feb
54
Jan
52
34% July
104%;
Feb
30
Dec
Jan
Jan
2%
Jun
29 y4
148
Jun
3y«
Dec
4Vi
Jan
44
Jun
144
Feb
36
3% Jan
28
42
3% Feb
27
Jan
AV*
10%
Jan
8
Apr
8% Jan
3
11
22
Oct
18% Mar
7
21
Jan
Dec
38%
Dec
34% Jan
95%
Jun
104%
Dec
8%
Apr
5% Feb
Dec
15% Feb
5%
<
Jun
15%
Jun
101
'»
f
:
97% Mar
Dec
17% Feb
47 Va
Oct
49% Mar 13
Jun
24%
Jan
> -2% Feb
<
*6
t
9
Jun
■
•t
5% Aug:
15 [: Dec
(
27%
14%
(
Jan
8
\
t
23%
■?
,7% Jun
17% Feb.
t
;
;
Jun.
d06
16%
t
Jun
13% Nov
32
Jun
-
104
.Mar
29
Jan
r
96%
.
x8
5% Jan:
7% Mar
13
61
10% Feb;
26 y. Dec
Dec
Mar
22% Dec
17% Jan
45%
Nov
113% Nov
37%
8'A Mar
9
9%Feb
•
25'AJan
,21% Jan
•
6
16% Jan
20
24 y4 Feb
13
41'A.Feb
110
35% Jan
4
127% Jan
17
137
Dec
13
Dec
12
Apr
11
Feb
-
Mar
35
Dec
34
Jan
Jan
108
Dec
105
Feb
9% Jun
v
11% Jan
37% Feb
17
Jan
37% Dec
36
Jan
3
Jun
57%
Dec
51% Jan
25
36 V*
Jun
Mar
53%
Jan
44% Mar 10
50% Jan
x48% Mar
58
Oct
56
5
60
90% Mar
106
108
,
.
•
'
11
'
Jan
5
Jan
3
25% Feb
24% Jan
7
26% Mar 17
110%
Apr
117
Sep-
xll4% Jan
6
98
Jan
104%
Dec
103% Jan
20
105
Apr
110%
Sep
107 y4 Jan
4
J
/ Feb 15
116
$6
3
—
I per share
<•
t per share
I per share
Li
$1
Corp of
Electric
YORK
4
50% Jan
13
93%
Jan
105
12
Feb
14
Dec
3
17% Feb
95%
Dec
93 Va Jan
16
94% Jan
4
Jun
64
Apr
57% Jan
27
66% Mar
8
7ya
Sep
11
Mar
9V2 Jan
6
97
Feb
Jan
34'A Feb
100
91% Feb
32
Jan
26% Feb
23
29% Jan
12
Jun
16%
Jan
15 Va Jan
13
16% Jan. 20
155
Nov
148
156%
Jun
170
Jan
164
28%
Jun
-37%
Dec
6%
7%
135
Jun
Jun
8%
15%
Apr
175
88
£-
,4
167
13
Jan
7y» Jan
Jan
150
Jan
Jan
8% Jan;
3.
150
Feb
Jan
3
80
Feb
Jan
4
64% Mar
'71%
Jan
61
Jun
25%
Dec
22'A Mar 14.
Dec
135 Va Jan
27'/a Jan
1
la
144
Feb
Jun
8%
Feb
12% Nov
10% Jan
'5
36 Va
Feb
50%
38% Feb
14
43% Jan
16
48
(
32.
Mar
44%, Sep
»
Jun
113%
Oct
12%. Apr
i
15%
Nov
87/a
4%
t
Mar
Jan
3
38% Jan
12% Jan
15
'
3
1%
38
38 Va
33%
38'/a
38%
30
29%
29%
*29%
8'A
81/4
10'/a
7%
7%
lO'/a
10%
57'A
Feb
3
60
3
90% Mar
I 38
Jan
,-
47%
Feb
Dec
14% Mar 13
80
«
Jan
46% Jan
31
53
f.
100
25%
Jun
29%
xl03>A Nov
105%
30y»
Feb
24%
Jun
107
Jan
Dec
Dec
24
88% Feb
28% Mar
2
Feb
30ya Febt
>
Dec
104% Feb
3
107% Mar
Apr
33% Jan
3
36%.'Jan
33%
Oct
26'A Feb
27
July
107% Jan
109
3
6
2
60
59
59 y2
59
591/4
58%
59%
8%
•■8
874
8%
8%
59,%':.
58%
*8%
26%
8%
26%
;
*8'/a
26%
27'
26 %
,
'A
27%
,
.
18
17%
*43%
,
44%
115
23%
27%
6%
6
17
27
36 %
135%
135%
135%
12%
135
*10%
10%
-
10%
36%
*13
36
"
105
13
13
43%
43%
43'A
135'/a
17%
44%
134%
*■
36
135
»uya
10'A
10%
36
*35%
*35%
"
"
13
13'A
13
13%
44
44
60'A
*43%
44'A
44%
44V«
61%
61%'
61
61%
46
46%
46'A
43%
58%
59'/a
58'A
59
60
60
60'A
45
45'A
60%
45%
go
44%
45%
'45%
58%
58% '
58%
58%
58%
58%
106
105'A
105'A
25
24%
25
24%
25 Va
24%
25
25%
26
26
26 Va
26'A
26%
105 *
105
24%.
*105
25'A
24%
106
*106
106
*25%
26 y8
25%
25%
*115'A
par:
116'A
*115%
116%
*104%
104%
*104%
104%
*109
-
103%
*109
109%
60%
No par
*90Vi
104%
Tuesday
116
120
104%
200
109%
30
PRICES
Thursday
Friday
I per share
Sales for
Mar. 17
Mar. 16
I per share
the Week
t per share
13%
14'A
14
14%
14 Va
38 %
38%
39%'
38
38%
x8934
89%
*89%
92
*89%
Shares
14%
38 'A
*103
54%
54%
106
*103
92
♦87%
55%
;
*89%
56'A
56 %
92
55%
106
1
*103
103
16%
*15
16%
*15
16%
*15
16%;
*15
16%
*91
95
*91
95
*91
95
*91
95
*91
64
65
64
11
*9
11
9%
34
33%
34
*33%
103
*103,'A
5
*9'A
11
25
33%
33%
*9
*33'A
103'%
103
100
*92%
15
*,
-
103
103
100
99%
14'%
100
14%
14%
63%
64%
15
100
15%
64
G5'/a
9'A
9.900
100
16%
95
64%
64 Va
65%
10
'
*
106
*15
95
12,600
,
57%
*103
65
10,800
92
43,400
*9'A
104 'A
10%
9%
9.%
200
33'A
34
33%
33%
33%
500
*104
105
*97
105
100
15%
15'A
105
*104%
70
105
*97
15%
15%
30
15 %
2,800
87%
87%
88
86
86
27%
27:%
21 Vi
27%
27%
27%
3,100
16y8
16 %•
16%
16%
16'A
16%
1,700
*150
*162%
164
Coal
Co
preferred class B
preferred class A_
*150 '
154%
*163
165
37%
•
33
j
100
•
r
-
;
77'A
*140
.
78
76'A
62Va
62'A
23,
(The)
St
Co
22'A
22'A
class
Electric
!
conv
&
l
7'A
*140
Pure Oil
43'A
5%
7,600
76 % "
76%
•
621/4
62
62%
62 Va
62 Va
22V2
23
23
23'A
24
-*23'A
3,200
24
*142'A
146
*142%
146
23%
24
*11%
12
40'A
40%
40 'A
24
*11%
146
24% '
•
24»A
62'A
42
48
X46%
47
210
62%
24%
r
12
41%
47%
47
12
41%
460
76%
*75%:
247«
12
41
40%
45'A
*142%
■
7V
1,200
24%
4,000
*11%
12
200
41%
42
3,000
46 '/a
1,200
-
<
45V4
45'A
14'A
*133/4
14%
13%
13%
*13%
14%
13%
14
14
14
16%
16Va
16'A
16%
16%
16%
16%
16'A
13'A
16%
16%
6,600
7%
7'A
7'A
7%
7%
7%
7%
7%
7%
7%
5,400
29%
♦29%
86'A
29%
29%
87
87
58%
*57
58'A
1
com
*
7'A
*29
"
30,
7%-
*29Va
30 /
,87%
87%
86 'A
86%
86%
*58
—No par
58%
58'A
58'A
*57%
14'A
14%
14%
14%
•
*84'
-
,
,
505A
27%
27%
14%
15Va
83
83 Va
50%
50'A
27%
.
,
49%
50
27%
27%
27%
100
*119%
120%
119%
100
*88 Va
88%
*88 »A
•
88%
No par
—
x29%
*83y2""84/:
84'A
*50%
24ya
24%
24%
24%
120
120
*88y2
*
com.
com_.No par
preferred
conv
7%
155
*140
43'A
,
Indiana_.No par
Inc
(The)
40.'A
14,000
11
*10%
155
30
38 %
7'A
7'A
11%
*140
165
..
76'A
146
12
38
10
155
162
*16'/a
-
i
of
*11%
7%
10%
11%
155
*15.0
*
39%
77 V*
*142 'A
24%
24
,v
12
*40
146
22'A
7%
154 % "
165
%
*13%
preferred series A_.5o
div preference
4.08%
.Pullman
23%
.12
*142V4
62%
38
1.10
Co
Gamble—
Co
1
:
*162%
38%
50
No par
B_,
Power
issued"
Serv
146:
23%
.
,
5
Pocahontas
Co
*142'A
,__1
5
Oil
23
154%
164'A
II
10%
155
*76%
77
63%
7 Va
7%
10%
154'A
38%
38 Va
*140
*36
164'A
164
38 y8
10%
155
*150
154'A
164
7%
10%
155
*
*150
38Va
7'A
10%
*62 "
*140
*87%
154'/3
38
.
7%
7%
10'/2
100
Inc
Plymouth
9
28%
common.—.No par
preferred——
29 V4
29
29.,
29%
.
86 Va
46
'A
'
-
86%
86
300
3,200
57%
*55%
58
600
29%
29%
86'A
*57
'
100
,
15%
15'A
84%
83
49% -50%
27%
28%
50
50%
50*)a
50%
4,900
28
28%
27%
28%
4.600
*119%
120%
*119'A
120%
*88%
89%
*88%
89%
25'A
23%
14%
*83
120% 120%
120'A
88%
*88%
29 Va
89%
24%
25
25%
'A
25'A
15%
■>
7-
16 Va
16%
83 '/2
•;
83
83
15,400
*
25%
190
22,500
29%
23%
170
29 y8
29%
29
29%
107 »A
107%
107
107'A
107
740
34%
34%
34% " 34%
34%
34%
34%
347/a
34%
35
34%
35
8,400
28%
-
100
29%
29 V4
29%
29%
29%
30%
30
30%
29%
30%
*107
No par
i
24%
"
-
-
*
107'A
l07y4
29'A
107'A
29%
107
107
100
*108
25%
Jun
30%
Dec
30
Jan
3
34% Jan 30
Purity Bakeries Corp
No par
*32
32 V*
32'A
32'A
'32%
32%
32%
32%
15%
Jun
20%
Jan
18% Jan
4
21% Mar lo
Quaker State Oil Refining Corp..10
*20
2i
20%:
20%
20%
20%
21
21
9%
Jun
14%
Jan
12% Jan
3
15% Feb
66%
Jun
74%
Jan
73'A Jan
8
Radio Corp of America com—No par
$3.50 1st preferred
;-_No par
8 Va Mar
lOQ-^Feb
3 V
Radio -Keith -Orphe um
-
*115
16
$1.40
»
90
1.700
"
*104%
13%
54 Vt
1,330
10,300
*108%
'A
38
104%
15
4,600
11,400
>
104%
109'A
13%
104%
*92%
.
26%
37'A
105'A
,
1
j,
26%
38%
54%
*103
v
,'t
24% Y
13 sa
53%
*15
3.4Q0
j
106%
37'A
92
*91 "
r
24%
13'/2
*104%
100
59
20
3,000
109
*104%
Mar. 15
t per share
$ per share
46%
,
106%
"•
116
116
-
109
Wednesday
V»Mar.lt
54%
'
109
LOW AND HIGH SALE
54%
No par
Louis. RR
116'A
*104%
109%
61%
46%
13%
64%
common
*115%
104%
447a
37'A
36
'
,,
Mar. 13
*13%
v
116
104%
200
r-
:
27'A
12
10
..
116
*109
Monday
t per share
*
1
com
—
-
i•'/.
Mar. 11
Iron
*
>
58%
106'/4
65,100
!
13%
44%
■
■";
36
107
13%
(
300
3,000
•
10%
*105'A
13%'
V1
12%
10%
13'A
.
350
"36'A
*35%
105 'A 1
1.000
135%'.
•ll'A
36
105'A
-
26,600
45%
*36
ll'A
*35'A
105%
10,000
116
xl35
12 »A
11
10%"
*104
44
36%
136'A *
*11 %
36
105%
-
,
17%
17%
45
•
300
■
24%
*115
135'/a
•
12%
*104
-
17-%
4.200
.
32%
108
23%
115%
700
' 600
./
i
27 'A-
27%
200
5,700
9
*30%
45
44%
115'A
'
*100%
24'/«
Xl7%
44%
115
•
;.
59
*8%
"A
; 300
;
'
38%
58 *•
<
108
24
6 %
17
■
37%
32%
♦106%
:
18 %
-
35%
12
*35%
24
114%
36 %• A
10%
36
105
13 Va
,
17%
44Va''
*10%
10%
10%
36%
106%
*105
'
12
23%
115
*36
*36
36%
K
108
%
*16%
27
*31 'A
31%
*106%
24
44'/2
*114
31%
108'%
17%
18
45
115
*11%
'
v
23%
177/a
135%
>
*107%
*44 M
*114
•
32
108%
23%'
24
72
32%'
*107%
108%
/ Saturday
4.64% preferred
30.% Mar. 17.
109% Jan
37%
6%
*16%
-
50
3
3% %■ preferred
Pub Serv El A Gas
'
s
■.37
37%
6%
17
5.700
89
Public
8
122
37
1,200
'
10%
15%
"When
6
26Va Feb
-
37
No par
'
26
*16%
*
300
8
'
27
-4%%
29% Feb 28
Mar 10
24
16%
371/4
*31
/
.
,
86% Jan
25%
16 Va ;
3 7'A
8'A-
:
-23%
-
•
—5
6
Publicker Industries Inc com
5
17
$4.75 cum preferred——No par
-Feb: 24! / Public Service Co of Colorado___20
118% Jan
20y»Jan
16%
37%
6%
*31
10
85% Feb
13
26% Jan
*C%
16%
■37 'A
7%
10%
-
16
PTocter
17% Jan
:
4
6%
1,6%
8'A
50
com
1
Pressed Steel Car Co Inc
31'A.Jaa 30
89 'A Feb
10%
27'A
Pond Creek
15
16
8.
lO'/a
.
88
Potomac
31
i 7%
•
v
1,500
8,600
30
15%
Poor
29% Mar 17
*6%
2
37%
,.
59%
__lo
6%
*6%
2
27
8
79 y* Jan
%
10
2
88
9
Dec
22
Dec
■
Mar 15
Feb
6
16%
*37
8%
10
*9%
1,0
2
16
Plough
9
86%
14% Jun
*
5
*8'A J
*
8%
*9%
5
2
27%
Pittston Co
8
Oct
79%
*
1%
37%
*291/4
—/_100
Et
,400
1%
5%% 1st ser conv prior pfd—100
Pittsburgh St West Virginia.
.100
'Pittsburgh- Young St Ash pfd—100
10
32
St
42
90
16% Mar
8% Feb
*41
Vj
8.900
16
14% Feb
3
30,100
*27
A
7'A Jan
8y» Jan
C
3
'
Jan
160
191/4
*87%
5%
26% Feb 21
12 % Mar
17%
100%
19i/a
29%
2
"
-
10
56 »A Jan
1
21
Jun
22
16%
*99%
100
37ya
preferred
7%
'
xl9y4
Apr
41
8,100
1
10
Nov
Apr
41
100
50
7'A.
Pittsburgh Parsings Co
1
Pitts Ft Wayne & Chic Ry com—100
:
7%
gtd preferred—
_ioo
Pittsburgh' Plate Glass Co„:
10
Pittsburgh Screw & Bolt
—No par
Pittsburgh Steel Co oom^
No par
8
71
14%
29
9
11% Jan 12
8
55 ;
f
J
23
V Feb ;
135%
Feb
.$5
39.'A Mar 16
4
9'/a Jan
May
v
t
42%
7'A
17'A
16%
,
107
1%
1
preferred
Pitts Consolidation
154Vi Mar 16
Jan
Nov
147
3
Mar a.
64%
-
16 Va Mar
35 Vi Jan
1
i
5%
23
Jun
Jan
„
*40%
Coke St Chem Co com—No
par
convertible preferred—No par
86
10%
".t
42 Va
Pitts
13% Jan
Dec
24%
i
*40%
C
14% Mar
•
40%
Pitts
88
142
40%
Mar 14
Jun
105 y4
7 'A
42%
84
Jan
3
7%
*40%
2
11
Mar 17
7%
*
13%
100
Phillips Jones Corp
27
17
•
47 %
47%
107
29%
preferred
Phillips Petroleum
Phoenix Hosiery
Piltebury Mills Inc
12
79
1
4%
6
Aug
Jun
19,200
45%
♦105%
19'A
3%% preferred series A_
IOO
Philip Morris St Co Ltd common—5
8
57% Mar 17
10%
100'A
7%
200
47%
46%
19%
Par
84 '/a Jan
Dec
7%
22,500
19%
107
3%
37%
,
Feb
94
7'A
29.600
10%
*18%
29 >A
•
Dec
105% Mar
*105'A
3%
lO'/a
19'A
17
1
88%
87 y4
3%
10%
19%
99%:-
STOCK
55
3
437/a
105 y2
7'A
3%
10'A
19 ya
37%
.EXCHANGE
Jan
14
43%
105%
107
37A
10%
191/a
• 1
37%
Feb
3%
10
16%
..No par
Phila St Reading Coal St
32 Va Jan
-
*18%
29%
Phllco Corp common
103
43
43%
■
19'/«
99%
100
18
Apr
3%
10
19%
100
14
32% Aug
3%
16%
100
14% Feb
IO0V2
9%
*18%
99 J/a
preferred
40'A Feb
Jan
3%
18%
37%
com.. —No
3
Jun
9,500
3,700
99'/a
common. —No par
14
26
3%
39%
16%
—No par
Co
13% Jan
100%
3%
38%
25
32% Jan
10
3%
38%
2
preferred
Jan
Jan
?%
38%
29%
America
Jan
14
3'A
38'A
xlDV'a
3.8% preferred
4.3% preferred
NEW
220
3%
38%
38
—
preference
conv
y
51%
147%
3 y4
197/a
—No par
197/a
Jan
*146%
147
1,600
38 y,
10'«
7'/a
33,300
3ya
3%
'7%
740
U
37%
97H
42%
147
16%
No par
:
40%
106
147'A
%
13
99%
—No par;
common
Jup
9
147%
147 »/2
3,200
30%
105'A
'
Nov
Feb
%
55
54%
30%
104%
19%
26%
Jun
103
3 %
37
*105%
•
*107%
11 Va
Dec
%
54 v8
16%
7
79 Va
Mar
106
54%
166,300
H%
Light Co„
preferred
■
4.4%
8 per share
91
105%
54%
31
*98%
com—No par
_100
22%
%
31
106%
"
3
Lowest
30'/a
104%
19%
No par
preferred
Phlla
104% Mar 2
f 110% Feb 24
Range Since Jan. 1
Highest
"
Highest
54%
*30 y2
16%
STOCKS
Year 1949
54 V2
30%
700
38,000
Ail
37%
series A pfd
Range for Previous
Lowest
32
%
99%
1
'
Jan
31%
120
♦29%
common.
Phelps-Dodge Corp
Philadelphia Go 6%
<
24
26% May
147 %
18%
42%
—No par
Pfelffer Brewing Co.
Pfiser (Chas) St Co Inc
-
Feb 10
105
24%
Jun
21 "a
32%
107'A
30%
107
147%
3%
107%
*36
4 ¥t%
1
Dec
Jan
23 y«
i
•
54 Yh
30%
107%
*36Va
3%
*114
Petroleum
Nov
20%
■
Jan
55
21%
32'/«
19%
100
6
44% Mar 16
64
Co
preferred
Pet Milk Go
6-
Jan
13% Mar 16
13
40y4
t
.
5
-107
%
21%
50
29%
21%
99%
Peoples Drug Stores Inc
5
Peoples Gas Light dt Coke_100
Peoria St Eastern Ry Co.i..
loo
Pepsi-Cola Co
—33y3c
4
Mar
%
29%
2.50
Ford.!
&
3% V conv
21
13V* Jan12
20
Mines!
Co:
Pennsylvania RR
Pennsylvania Salt Mfg Co
36 ya Feb i 6
25.
102
Nov
6
'V 138'A Feb
33 Va
10%
*106
prior preferred j——25
conv
Penn Power St
1
6 ••;
3
21%
32%
33'A
30
54
..No par
Proof
Penn Glass Sand Corp
46
v
Consolidated
Rust
.5%
17
Feb
*21%
33'/a
300
9'A
*29%
'
1
Penney (J C) Co
^115% Mar 16
14
8'A Jan
(21
13%
&%
.18 »A Mar
.y.
8
Dec
Feb
22
12 %
*8%
*52%
1
Corp..
■1 Penn Coaled* Coke Corp„
10
Penn-Dixie Cement Co
;•
28
Utah
Penick
•34% Jan- 7
1107% Jan 30
6
Refining
6
3
Jan
St
Pictures
Peabody Coal
-
'
24
3
-
31 > Mar
107:
Feb
Feb
Feb
*21%
33%
19'/a
41%
100
Patino; Mines St Enterprises..
17'/a Feb 17
■
I
Parmelee Transportation:
6
54% Jan
Dec
Jan.
3%
*18%
V 16%
Parker
11
57
16
22
*146%
3%
10
Inc—1
Transp___5
Parke Davis St Co
9% Jan. 20 '
11V, Jan
30
30%
37
7'A
Park
3ay8 Mar 17
7% May
Nov
-
12
111
,
- «•
34% Jan
35 A
Jun.
7
4
x
No par
<fc
Park St Tilford lnc__
*
'
Jan
.
11
2% Jan
-"•
9'4 Jan
*29 %
*12
3'A
54
'
39 % Mar
-
*3'A
1
Paramount
.
30% Feb 15
f
*
30
X107
147'%
37
10
Parafflne Cos Inc common—No par
&% convertible preferred—
100
4
19% Jan
37 y4 Dec
7
42% Jan
<
■
46% Jan
*146%
Corp——1
Airways
Petrol
preferred
Panhandle Prod
6
*29'%
Z
*52%
%
Corp
4%
25
16
7% Jan
Jan
Jan
Feb
v
28% Jan"
Dec
•7% Jan
Nov
21
World
Amer
12 ys
*8%
30
54%
30
109
——100
Oil
♦12
87A
54
x33'/a
54%
30
109
Panhandle Bast Pipe L com—No par
27
-20% Jan.
1% Mar 14
34% Jan
29 {
,
Pan
12%
8%
*52
Issued"...
Western
Pan-American
9
104
6
28
38% Dec
23% Mar
(
25
"when
Packard Motor Car
.
9 "
Mar
7% Feb
i
<
Jan
Aug
1%
107
6
22%
Oct1
37
Jan
11
28
47% Mar 17.
13
20%
104%
Dec
17%
104
4% Jan
9%
54
22
33%
_100
preferred
Pacific
*12
12
*8%
*51
2 9'A
22
No par
Pacific Tin Consolidated
v
9
Feb
Jun
36
1
7
Jan
12
6%
*51
29%
54%
—No par
Mills
Rights
5
9%
54
%
Pacific Telep St Teleg com
9
148% Jan
3
Jan
33%
Pacific Lighting Corp_
10
Mar
% Mar 15
7
2% Jan
Oct
*21%
25
Calif
54
12
12
12
*8%
9%
*51
"when issued"
Pacific
% Mar 15
135
10
Finance Corp of
Gas St Electric
Rights
55% Mar 10
Jan
12
*8%
29 '/a
33
109
3
*11%
No par
Pacific
1
Mar 10
101
5
10
No par
Pacific
11
t76 Mar 15
Inc
common
non-cum
preferred non-cum
34% Jan
% Mar 15
27y«
preferred
-
110
*107'A
110
*107%
111
*108
111
*108
32'A
*21
107
,
32%
32%
21 %
21
31,700
110
*108'A
111
8,300
'
1,600
327/a
21
800
R
x7
Jun
9y4
Apr
92%
Jan
101%
Dec
13
,
6
3
77
;
Mar
9% Feb.
103'AJan
14
10
23%- Jun
29 y4
Dec
(ffflfjan
3
21%
Jun
30%
Feb
x24% Jan
25
29'A Mar 16
26 V*
Jun
34% Feb
30 y8 Jan
13
33
29% Jan 27 *
MarlS
Corp—
1
Ralston Purina CO 3%% pfd
^.100
Raybestos-Manhattan
Rayonier Inc common
preferred
Reading Co common
17%
Jun
23%
Jan
20% Jan
25
22% Jan
9
1
Nov
43
Jan
36
Jan
25
39% Feb
9
•
4%
non-cum
28%. Jun
36
Jan
31
Jan
Id
34
Mar 17i
4%
non-cum
14%
14%
14%
14'/a
14%
75%
*75'*,
76'A
75%
8%
8%
8%
8%
8%
75'A
8%
*101%
102%
*101'A
102%
102
28'A
28%
*28%
29
27 %
28%
1
*28
23'A
28'A
28'A
25
$2
34'A
For footnotes see page 22.
No par
14'A
75%
v.
*32
32'A
32
32
...
50
*21 VA
22'A
preferred
50
*37%
38'A
2nd preferred
50
*33'A
34'A
1st
32'A
22'A
*21'/a
*37'A
38'A
*37'A
*33'A
34'A
*33y2
*21%
i
102
'
28'A
29%
321/2
21%
38'A
34'A
14'A
*'
14%
75%
8%
75%
8%
101% 101% '
28'A
29
29
29
32'A
33
217/a
217/a
*37y4
38'A
*33'/a
35
14s/'a
14%
76%
8%
100% 100%
29
29
29
29v4
33
33
22
2-^4
*37%
08%
34
34
14%
76%
147«
75%
76
8%
8%
100'A 100'A
29
29
29%
29% '
32'A
33
21%
22%
*37'A
38%
*33%
34
05,500
...
8'!a'
.
,
1,100
29,600
110
1,100
3,500
1/-00
1,000
20
(1160)
THE
COMMERCIAL
NEW
Range for Previous
NEW
Range Since Jan. 1
Highest
Lowest
Highest
$ per share
$ per share
$ per share
10 V*
Jan
13 Va
Apr
15'A
Nov
23%
Jan
16% Feb
11 Ya
Jan
16%
Oct
14% Mar
Jun
18%
8V2
Jan
6Y2
Jun
9%
10% Mar 11
12% Feb
18
Jan
3
4
16
Jan
>
7
9% Jan
Jan
7
Jan
22
Feb
9
26
Mar
3
11
Feb
Reeves Bros
7
73
60
Nov
58
Jan
5
60% Feb
Dec
11% Jan
13
14% Feb
90
2V4
85
Jan
20
92
Feb
10% Jan
13
12% Jan
17-
4%
91V2
Jun
10
7%
8'A
26
*25%
26%
10
*9%
series——. —100
*58%
60
*53%
60
*58%
_50c
14%
10%
10%
10%
25%
26
69c conv prior pfd series A—1100
Revere Copper & Brass com__No par
*106%
Jan
13
14% Jan
99% Jan
Jan
Dec
18
Dec
Jan
109% Mar 15
17% Mar 15
3
5% Feb
102
Mar 16
6% Jan
14
20% Jan
39%
Jan
37%
Sep
47% Jan
98
,
Oct
40
,
Aug
94%
108% Nov
21 % Dec
25
3
Jan
Feb
98% Feb
10
37% Feb
14
42% Jan
16
19% Feb
16
4% Jan
3
20% Jan
4
12%
Dec
12
Jan
13
16%
Jun
31
Dec
30% Jan
13
35% Feb
11
36
Jun
68%
Dec
60% Jan
13
67% Jan
5
105
Apr
Dec
19%
10% Jun
102
Nov
16
Jun
21 %
Dec
39%
Apr
61 %
Nov
8%
Sep
Mar 17
x20
104
Jan
19% Feb
3
Jan
23
12
Jan
33 %
113%
35 % May
Feb
48%
Apr
Dec
Jan
12%
Jun
29% Jan 13
112% Jan
34% Mar 11'
Jan
10% Feb
Jun
43%
Dec
Jun
131%
Dec
128
78
Jun
100% Nov
98
;
9%
.„
87
.
48% Jan
24
105
Mar
Jan
21%
2iy4
21%
39%
39%
*18%
19 V4
*18%
19
*18%
l9>/8
*19%
4%
4%
22%
*4%
5
*22 %
13%
•13%
Company
Mills
Inc__,
Haas
Controls
Co
24
90
Feb
13
Jun
13%
Dec
12% Jan
Jun
31%
Dec
29% Mar 10
17% Feb
34% Jan
Jan
70
Dec
66
Feb
80
90
Jun
98
Nov
94
Feb
6
xl03% July
108
Oct
105% Feb
20
5%
Jan
91% Mar
Jun
104%
84% Jan
Oct
14
104
Jan
Sep
12%
Jan
83
Jan
91
13 Ya
Jun
21% Dec
Jan
109
7
13% Jan
Feb
47 V2
16%
Jun
Dec
62
Jan
19%
36'A
Feb
5%
Jan
Mar 16
Scranton
18
3.35% preferred
Seaboard Air Line
P^eb
10
21% Feb
2
2
Jan
3
69%
5%
Elec
191/8 Jan
3
Dec
47% Jan
25
61% Mar 17
Seaboard
11%
Dec
10V4 Jan
31
15% Mar 17
Jun
441/4
Dec
41% Feb
9%
Jun
16%
Dec
15
4%
Jun
6%
Jan
5'A Jan
3
6'A
Jun
11%
Dec
10% Jan
3
13% Feb
101%
Feb
90% Mar 13
94% Jan
Seaboards Finance
1
Jun
11
15
Jan
44% Jan
9
Sears
17% Mar
3
6
Seeger
6% Jan
10
Oil
Co
.24%
$ per share
Jun
21%i Aug
22% Jan
Lowest
$ per
31% May
share
24% Feb
14
28% Mar 17
Shamrock
Jan
25% Feb
16
28% Mar
Sharon
38%
Dec
37% Jan
13
42% Feb
105% Feb
8%
Jun
11%
Apr
30
14
9% Jan
3
2Vi
15%
Dec
15% Jan
7
40%
Dec
34% Jan
25
Jan
22
Oct
7
Oct
6% Jan
13
-•
•:
Jun
28
Oct
18%
/
16%
Jun
Nov
83%
May
95%
Jan
10%
Jun
2% Mar
26% Jan
21% Feb
8 % Feb
3% Jan
12
29% Jan
9
Jan
30
Feb
27
33
Jan
21% Feb
15
24% Jan
9
Jan
22%
Dec
20% Jan
3
33%
Dec
29% Jan
13
Jan
21% Mar 13
88%
100
Feb
Jan
24
25
88
4
102
Feb
23
4
18
Feb
17-
Jun
17%
Oct
16
Feb
97% July
3% Jan
107%
Dec
106
Jan
4%
Oct
3% Jan
3
Jan
10%
Dec
9% Jan
13"
40
:
'
7
Jan
14
Mar
8
20
113% Mar 16 '
4% Jan 12
Jan 281
11
52%
Oct
51% Jan
11
53
Feb
10
53% Mar
71%
Dec
68
Jan
16
75% Feb
3
ll-
£
Mar
14%
Apr
11% Jan
4
Oct
26%
NOV
Feb
40
36%
Jan
29%
Jan
45
Aug
35% NOV
10y4 Sep
28% Jan
12
36%
51
12
NOV
3
40% Mar
6
40
Dec
Jun
-
Jan
Jan
4
45
1
34
Nov
32%
36% Jan
14
Jan
13
11% Jan
34% Jan
t
Rico Sugar
80
■
96%
87%
*106%
80
12,100
*66%
67
66%
6 6'A
6 6'A
66>/o
XG6
66
66 %
67
20%
20%
20%
20%
56
58
56%
57
57
13%
13%
13 1/2
13%
13%
,13%
44
43%
44
43%
43%
43%
441/s
44
16%
16%
16%
16%
16%
16%
16%
16%
16%
5%
v.
5%
5%
19,800
17'A
2,300
6
6
12%
11%
12%
11%
121/8
12%
12%
92
90%
90%
90'A
90%
90%.
90%;
t per share
HIGH
Monday
SALE
Tuesday
Mar. 13
Mar. 14
t per share
Mar. Hi
27%
27%
27
Va
27%
27%
27'A
27
27%
27%
27%
x27%
28
38%
39
38%
38%
38%
38%
38%
39
39
108
*107
10%
19
108
10%
*107
108
11
19
*18i/s
10%
*18%
28 'A
*107
10%
28%
7%
10%
*
10%
24
3,
1
383/s
38%
11,800
71/2
7%
1%
3,900
—5
2%
2%
2%
2%
2%
2%
2%
2%
2%
3
2%
2%
1,500
27%
27%
27%
27%
27%
271/2
28
28%
28
28%
27%
28%
32
32
*31%
32%
32
32
32
32
31%
31%
31'A <-.31%
500
22%
23%
23%
23%
23%
23%
237/B
23%
24
23%
23%
40,400
108%
108%
109
108%
108%
No par
{
—No par
f
107 '
—20
107
23%
•
107
107
*22%
•
23%
*23
30
*29%*
30
21%
87 ;
100
108
23%
*29%
k
21%
87
21%
^99%
16%
16%
;
pfd—100
50
:
102
*86
J
871/2
102
231/8
22%
22%
22%
22%
300
30%
301/2
311/8
30%
31%
3,900
22'A
21%
22
21%
21%
22
22%
1,300
,-r < 10
*86
87
*86
*100
102
101
87
*86
f
101
'•
*100
!
16%
17 ;
17;
17
17%
16%
16%
16%
16%
16%
16%
17
167/a
17 y,:
111%
111%
111%
4
4"'/
"10%
*52%
53%
*73%
74%
*52y8
*74
'
12%
12%
12%
'
4
112
3%
10%
113
113%
113,
54
74%
12%
37/8
IO7/8
xl0%
52%
52%
*51 Yi
53
74%
741%
*74%
77
*12%
12%
12s'a
73%-
74
.
12%
39%
39%
43%
•
39.%
39%
*41
Railway
Inc—
-41
43»/2
3
23% Feb
3
Standard
31.
92% Mai*
7
$3'.50
preferred
12%
143
Dec
140
Jan
26
154%
Mar 17
$6
159%
Dec
152
Jan
13
170
Mar 17
13%
13%
13%
13%
36
361/s
36
36%
36%.
51%
52%
52.%
53%
52 '/a
527/8
15,200
15/64
40,700
12%
34%
36
35%i
33%
341/8
56
56
6%
6
*67
36
35%
13%
361/a
•
•-
•
7%
7%
8
.
7%
'••;
34
34%:
-.
56
7%
8
34%
»
9,400
13%
13%.
54,900,
37.
8»/4
*6
*57
,
v.
9,000
900
57%
*63%
64
12%
12%
8%
8%
6
70.%
:
5,600
34%
57
6'A
12%
6'A
>70%
34%
36%
64
56%
*63
8%
*6
*67
6
70%
34%
,
56 'A
36
|*67
12%
1,700
8%
12,500
300
6
i
70 'A
1
25
25
24
25
24
24%
24
24%
23%
241/a
23%
24
1
27%
27%
27%
28
28
28 'A
28 'A
23%
28 'A
231/2
28
28%
4,900
2
9y0
9y8
9
9%
9%
9%
9%
7iy4
9%
6,500
No par
70y4
com—No par
$;4 pref._No
prior preferred—
2,000
51%
70%
common--
$7. prior preferred—
Standard G & E Co
..
.
36.--
*6
*108
Jan
'
13%.
*67
39
Jan
par
No par
No par
*
70%
70y4
:
59y4
.146%
17%
171/a
17%
39
38%
38%
108%
%08
108%
*103
71
71
17%
lS'/a
173
17%
2,500
38%'
38%
-33%
38%
1,800
108%
inn
■
]nn
l.
22%
23
22%
23%
90'A
91
91
91'A
59%
61%
1451/4
161%
62%
63
63
63%
108 '
108
108%
*103
50
22%
9,100
-
23
90%
145
210
lS'/a
38%; •
22%
160
71%
3,900
17%
90%
60'/8
*70y8
'
38%
23
146y2
9%
1
91%
60
60
*145%
162
Jun
70
Sep
36%
Jun
45%
Nov
42% Feb
14
46V4 Mar 16
Standard
Oil
of
Indiana—
25
Jun
74%
44 %
60 %
NOV
€6
25
69% Jan
44 y2
441/s
44%
Standard
Oil
of
New' Jersey
67 Ya
67%
67y8
67%
67%
y4
147
162
-
44%
;_25
CaIifprnia_v_No,par
*70%
17%
39
161
161
9
70 'A
171/2
22%
.
70%
9%
39
*90%
par
70XA
9
55
7
.39% .,40.
*41
43%
39%
200
600
51
6%
*17
Inc
•
35%
70%
7%
;—^.l^Nopar
Brands
; ,7
-12% ;12%
13%
*6
preferred——i—.—No
Standard Oil of
*741/2 !.;.76'A
■
431% '
;
,100
3 6'A
*67
5
Jan
3
■
4,800
22,700
52%
*52
12%
.
.
10%
35%
No par
1
l
18%
65% Jan
...4
10%,
/
'
Xooo
: 112
4
.*
13/64
1
Co
98%
66% Mar 16
4
68,000
35%
Np par
common
^referred
20% Jan
y
70
1,100
16% •»i7y«
xii2
10%
53
*12%.,
/■
'
171/8
17'A
H3V2
3%
10%
*52%.
••
4
3%
10%
v-
10%
87
*99%' 101
16%
'
5
*86
87
1C2
16%
10%
1,700
23 %.
/16%
10%
1,300
30%
16%
<1110% 112
*3%
s
30%
*21%
,
109
'
>
23%
30
21%
*99%
A 108
*22%
*18%
__i.——___ n__
——
Squibb (E R) -& Sons,
89% Jan
19
38%
7%
Spencer Kellogg & Sons
Sperry Corp (The)
Spiegel Inc common
Dec
*18%
38>/2
$5.50 preferred
22% Nov
19
3,200
71/4
51%
D
5,100
11
387/8
13%
$4
11
19
35%
Square
11
7%
12%
Mar
3,900
108'A
18%,
*12%
18% Feb
*107%
103
37%
12%
40
17,100
.
40%
71/8
19
12%
108% Mar
40
37%
51%
$4.50
7'%
7y8
13%
Conv
;Shares
28%
7%
'
7 1/2
37 i/s
37
12%
24
for
7%
37
64%
Feb
28%
23%.'
40%
10%
Sales
the Week
S per share
37%
37
*631/4
72
50
71/8
'
64%
3
25,500
Mar. 17
I per share
27%
>107
,1,100
13 •/«
92
Friday
Thursday
$ per share
*63%
24
*90%
27%
108.
6
12%
91%
26%
;
*5%
131/4
TRICES
Mar. 15
$ per share
6
12%
*90%
Wednesday
561/2
12
44':,
17
66'A
Feb
22.
43%
1*1/4
33%
Mar
For footnotes see page
4,100
44%
*64
10% Jan
Jan
14,900
15 1/8
*55%
25
25
6,000
6I1/2
14
66%
12%
29%
Jan
20%
60'A
14
56%
3
61
20 y2
60%
14
34%
3
3
20%
58'A
14
6
47% Jan
5%
20%
13% Feb
Jan
52% Dec
5%
20%
34
23% Jan
13
5%
600
58%
*64
25% Jan
3,400
25'/a
36
Co
14%
91%
24%
51%
&
141%.
*90%
25%
*56
10% Feb
15
91
common—No par
Oct
16
14%
*90%.
x24%
91
preferred——__'_100
10 % Mar
25
14%
25 Ya
5%
29% Mar
Feb
14%
*90%
Mobile & Ohio stock tr ctfs„_100
26
Jan
200
9
Jun
16
106%
9
Feb
34
*106 -i
Feb
Jun
106% Jan
107%
65
6%
Dec
*106%
57% Feb
22%
Dec
50
106%.
180
24%
j>
23
83%
24%
36
Spear
Jan
88%
106'A
91
*901%
13%
15
68
38%
24%
V;
51%
18
Apr
88%
90
Southern Natural Gas Co.—
!_7.5o
Southern Pacific Co_i.
1_No par
23
9
891/4
24%
>39%
Feb
Jan
*88%
89
*41
Jan
60
3,400
96%
1071%
24%
39%
non-cum
79
96%
*106'A
20%
*18%
79
96 %
13%
10%
80
106%
24%
43%
7
Oct
May
7,7%
96%
*106'A
67%
<,
35%
Southern
77%
96 %
7%
21
12
6,600
32,300
7%
20
38% Jan
16%
31%
20%
*107
20
16%
31
43%
•
87
17
31%
58%
5%
*86%
16%
31
106 »/2
14%
1£%
87
17
*96%
1061/2
14%"
14%
18,300
31%
*106
106'A
89%
106%
108
230
8'/a
16%
77%
*88 y2
*86%
140
1041%
8
f
3,500
■V.
150
31 «/8
96%
*106
881/2
?
80
*96%
106%
88%
86%
*77
96%
*106
*41
70
109
77;
77
96%
861/2
5
3
92
87
16'A
87
150
*102%
8%
58
Par
Southern. Co. (The)—i—
4
Jun
*86%
7%
311%
*86%
x39 %
5 Yo Jan
"
8
43%
3
17% Apr
7%
40 V*
4% Jan
82
104%
35%
Jan
Dec
151
103%
8
40%
6%
18%
151
104%
35%
Spalding (AG) & Bros
Sparks-Withington Co
377/a
151
*104
*41%
5
107
xl47
104%
7%
25
11% Jan
Feb
149
104
7%
25
Jan
Apr
149
104%
com_No,par
13%
Jun
152
7%
1
California
Jun
13%
47i/4
Edisoni
preferred'
3
23%
11%
47
1
preferred
13
100
11 Ya
47%
Saturday
Southeastern Greyhound Lines
Jan
71%
11%
46%
20%
& Platinum—
1
South Carolina '■£ & G Co com—4.50
5% preferred
i
;
,_50
Jan
Jan
11%
16
*12%
South Amer Gold
54
64
11%
46'A
30%
11%
—
60
21
11
45%
16%
*66
14,200
10.800
11
31 ye
24%
12,700
i ' 640
35%
46
104%
14%
14%
*88% ' 90
.#•
35
10%
16
*90%
15
Jan
1
2,900
113
35
45%
30%
108
34%
112%
35%
10%
31
1061/2
35%
1131/4
35%
46%
16
96%
34%
113'A
35%
10%
•87
*76
35%
113
34%
46
30 %
1 *106
l__5
1„ 10
_Feb
11
35 'A
15%
1
Solvay American Corp 4%
Rights
35
113
34%
*86%
;
5
Corp—L——_i.
66 %
32% Feb
35
114
*113
35
*149
7%
*106%
:
61
Jan
34%
114
34%
105
,7%
35%
x34%
xll4
46P/8
152
*104%
'
No par
:
3% May
.
46%
87%
No par
Southern
15/64 Mar 17
1,000
11%
•
36'/8
*149
—No par
54% Feb
3
•57
_____No par
10%
L'
11
100
Mines
41
5%
11
15
Jun
73
35
No par
America.
Jun
Dec
114
34%
5
Coc
Pen
of
Nov
3% July
36V8
*H3Va
Mar. 11
G)___
;
'- -.--I
1
56
53%
,
LOW AND
45%
25%
11%
STOCK
37% Jan
13:
10
57
1
13% Mar 16
13/64 Mar 17
100
1,500
102
11%
1
Porto
102
56%
1
8%
103
11%
lioo
South
*10iy4
65%
56%
1
Co__
conv
103
*101%
38%
11%
Co__
preferred
5%%
15%
<•1
65
56%
1
36% Mar 17-
3
49% Jan
Feb
'
*37
11%
Smith & Corona Typewr.iters_No
par
Soccny Vacuum Oil Co Inc__
15
17% Mar 16
14%
■
65
55%
(A) & Sons Carpet Co com__20
4.20%
14%
37
Hi/4
3%%: preferred—i—_i.
"
•>
103
»
64%
11%
Sloss-Sheffield Steel & Iron
14% Jan
14%
*36
64
631/4.
55
—.100
Smith
Smith
■i»
62%
11
100
Del...
Coalition
O)
3,400
14,600
54%
com
5
(A
14%
36%
221/2
11
No par
vtc
4 J
12
84% Feb
Jan
7»A
Jan
98
100% Mar
17%
14%
Mar
33% Jan
13%
*35%
400
2,700
22 %
22%
54%
Co.
Co__1
Skelly Oil
22%
:
4%
11%
t.—
Simonds Saw & Steel—
Sinclair Oil Corp
L
110% Feb 21
3
King
Simmons
25
Sep
Silver
22
26,000
19%
4%
55
:
Corp
41
19
5
*54%
Gas
(W A)
40%
191%
*10%
pfd
(The)
Shell Oil Corp
Sheraton
41%
5
2,100
1,500
1_.—_—5
Co—1__—No par
(Frank
21%
1,300
—No par
preferred
cum
Sheaffer
8
21
1
31%
v
$4.25
*19%
5
21%
*
,
13%
Corp
I
No par
Dohme comraon.__.No par
Shattuck
38% Mar 15
13
127%
Jun
19
20
11
24%
Jun
21%
Jan
Nov
Jan
36%
Jun
97-
4%
27%
May
11
40%
19%
60
100
460
22%
Steel
Sharp &
22
40%
47%
97%
107
106%
18%
No par
&
21%
47%
*96%
*22%
5
YORK
Oil
.
18%
100
'
10%
Jun
5,
106% Feb
4
23
22
43%
97
106%
22%
,/■; y'-.'v i
37%
V
97.
18'A
EXCHANGE
$ per share
*47%
106%
70
22%
common
NEW
10,400
22%
1,.75
$4.50 preferred
'Highest
39%
18%
Seiberling Rubber Co__
Range Since Jan. 1
Highest
39'A
'
STOCKS
Year 1949
39%
22%
Inc
Refrigerator
Servel Inc
1,600
39'/a
18%
A
com
of
&
11%
22%
55%
______
Roebuck
Range for Previous
$ per share
Co
Seagrave Corp
11%
18%
vtc—_100
preferred series A
Sep
11%
101
22%
100
Mar
60
5%
3.65%
15
4,700
11%
x22%
*18%
.______No par
25% Feb
21,900
*991/2
23
18%
No par
L
92
6'/a
22%
102%
22%;
5
vtc
series
3
5%
330
18%
Co.—100
preferred—
100
5
*101%
8,600
22%
preferred
56
Lowest
A
3
Jan
33%
77
series
861/2 Jan
*101%
10
com
20
'
103
103
0%
400
17'A
104
18%
Southwestern Ry
4.30%
34%
100
$3.40 preferred
21
*33%
62%
13%
6%
110'/a
17
*103
22%
106%
21%
13%
34
63
*1071/2
17%
102
221%
Co
$4 preferred
Scovill Mfg Co
88% Mar 16
9
*18 %
13%
34
63
109%
1.7 Ya
*101%
5
22%
1,500
25,300
*22
y
Scott Paper Co common—
9
10
22
10%
26%
5
V.
Savage Arms Corp
Schenley Industries
11
96% Mar
1
1
pfd 4.40%
13%
5
10%
26%
No par
common
non-cum
1st
Mar 16
107
Louis
22%
106 %
62%
*101 %
St Regis Paper Co common.;
'
Jun
94 V2
7
100
—
Joseph Lead
*22x/4
5
6,400
10%
109
97%
*97
107
35%
*34
62%
preferred——
Preferred
St
24
9%
46%
25
-
—20
(Thei
St L-San F Ry Co
7
22 %
com—1
common
(Jacob)
St
'
20
preferred
conv
-
—__—_Nopar
Copper Mines
Antelope
&
1
No par
107
39,300
4%
27%
102
49%
21%
38%
5%
9
86% Jan
May
*97
39
Safeway Stores
2
9
*47%
*47%
97%
38%
Ruppert
21
Jan
49%
97%
49
2,900
7%
391/2
38%
21
Co
10
165% tfeb
7% Feb 28
Jan
3
39%
38%
Ruberoid
9
26
Jan
39 %
107
10%
11%
11%
21'A
Co.-
Corp.J
Royal Typewriter
10
12% Jan
111/4
38%
Oil
4%
preferred series A
Ronson Art Metal Works Inc
7
41% Jan
14
43% Jan
31
87
Mar
11%
21'A
Manufacturing
4%%
4
114
7
Mar
*47
10%
4%
•
"ik
4U/4
23
102
97%
106%
*96%
100
7%
••
7%
■
40
51,900
102
39%
*106%
>
92
900
14%
10%
6 Ya
22%
22%
102
11.
60
*88%
1
200
10
26%
•
17%
5%
5%
%
*100%
*96%
Rohm
31
37
22
90
1
26
59%
14'A
541/2
.4%
1031/2
11%
38%
100
2,400
8%
*25
0%
11
109%
16%
*102
*106!/8
S
16% Jan
5%
22%
500
.
14%
*8
:
14% '
•
10%
3%
90
27
109%
161/4
103
100%
*11
49
109'A
16
100
Robertshaw-Fulton
9
3
*22
39 !4
*47
*107%
,*101
100
Robbins
28
10 % Jan
12% Mar
Feb
58% Jan
39
1—10
26%
5%
100%
11 y4
■
*10i/4
series..
Roan
1
54% Mar 13"
11
99
100%
10'3A
2 6'A
series
Ritter
12
3
16% Jan
100%
Shares
11%
17
14%
10
14'A
4%
4.50%
Richfield
Mar 17
21
21%
-_l00
7 Va
4%
*58
"
10%
6%
26
101
5%
-
6%
3.60%
Rheem
5% Jan 11
24% Jan 17
Jun
No par
com
5%
'
4%
Preferred
27
Feb
Jan
Dec
5%
5%
10%
.
V
90
*89,
IOV'2
*1Q 1/4
16%
101
11%
*16%
26
9%
14%
14'A
Preferred
Mar 15
21
Jun
Mar
'.2.50
16%
101
151/4.
,
59%
4%
.
17
*25
6%
,
109%*
*1071/2
16%
s100%
Comriron
9
Jan
21
22
109
16%
—■—________100
5%% "convertible preferred
27
107% Jan
8
13
com
-
Reynolds Spring Co_C
1
Reynolds (R J) Tob class B_____10
10
Jan
preferred
Drug Iiic
Reynolds Metals Co
*
7
Jan
50
Corp
1
Rexall
5
20
20
39% Jan
5:
xl05% Mqr
19
12
Steel
5%%'■
7 '
Dec
42 %
Jun
Jan
Republic
Corp.
$ per share
lit 2
16 Ya
*7%
8%
9%
'
*58
90
10%
10%
25%
Jan
78
4%
10%
25%
23% Jan
<
6%
4%
No par
102% Jan
Jun
;.
61/2
43'4
4
Jan
3
Jan
<
10'/a
6%
4%
27% Mar
103
13
<
10'A
6%
13
23%
Jan
Aviation
Republic
*
26
9%
14%
*39,
Jan
26
July
90
10
Jan
77
*88%
___50c
23
Jan
.
90
10'A
*7%
26
60
14%
14%
1
Jan
6% Jun
£
14%
30
34%
.
14%
*88%
1
-i—
7% Mar 17 '
9
24%
3% %
pfd
5% Jun
100
13%
Conv
15
9%
*25
11% Feb
103%
42% Mar
*
8%
17
Sales for
the Week
'*
*9%
8%
26
share
11%
11%
16 '/2
14%
14 1/2
$ per
15
11%
*
17
Friday
Mar. 17
Mar. 16
$ per share
111/2
10
■
13
Feb
85%
*7%
j
Thursday
Mar. 15
*9%
*25
5
li:
6%
Jun
102%
*7%
No par
common.^1.
Mfg Co
25
Dec
7%
14%
9% Jan
10
109%
14%
4% Feb
16%
Sep
96%
14%
5% Jan
Jun
7%
*14%
Jan
4%
15
—.
Dec
100
Aug
4% Aug
15 V*
Inc
27%
Jun
10%
x3%
.___50c
*16%
14%
PRICES
Wednesday
share
11%
16%
10%
Dec
110
91
18%
11%
16%
5
8%
Jun
98
*11%
17
10
Jan
$ per
10%
14
Jan
Jan
5%
Nov
12%
Jun
$ per share
*16'%
20
6% May
4% Jun
Mar. I t
13
(Robt) & Co—
Reliance
9
12 %
$ per share
SALE
Tuesday
Mar
5
7
8% Jan
Jan
Par
HIGH
AND
Monday
11
No par
.
11
6
Apr
8 Ya
Saturday
Mar.
Monday, March 20, 1950
RECORD
LOW
STOCK
1
25
Aug
50
YORK
$ per share
Dec
27
STOCK
EXCHANGE
Rels
4 Vi
YORK
CHRONICLE
STOCKS
Year 1949
Lowest
&, FINANCIAL
63 >A
60%
*148
162V8
23%
91
'22%
91
360
91
90
€6
%
66%
65'A
150
149
150%
1511/2
154'A
164
165
166
168
170
-
63 %
63%
63%
44%
-
22%
'
44%
46.
67%
67%'
6g%
65
»
64%
64%
.
:
/
45 %
46 V*
69 Ya
40,500
1,600
2,700
13,700
641/2
64%
68%-
»
-
64%
45 %
46'A
18.700
6G%
69
35,700
Volume
171
Number 4891
THE
Range for Previous
Year
"i per share
20
Range Since Jan. 1
Lowest
Highest
$ per share
*
Jun
27%
102%
Dec
25% Jan
V
101
27% Jan
2
Jun
20'/a
Dec
18% Jan'24
Jun
48
Dec
48
Jun
38%
Jan
10,
July
13
Oct,!
26% Mar
'Jan
Jan
241/4
Jan
33%
9%
Jun
14%'' Jan
100
Jan
13%
18%
Feb
J
Jun
117
Jan
9
11%
July'
36%
Feb
60%
Jun
Jan
25
55
Jan
9
Jan
3
195
8%
Aug
30%
Jun
41%
Dec
38
106%
Dec
1081%
Dec
'
107
Feb
11%
Nov
27%
Jun
36%'
Dec
8%
•
Jun
17% Aug
241/2
89
Sep
Jun".
9%
Jun
13%
Jun
48%
14
15.
Jan
11
12% Feb .27
42Va Mar 16
12%
6%
Jan
Jun
3
19% Jan:'9
i
Jan
3
Dec
-
11% Jan
Dec
Jan; 28
115% May ? 6
23% Feb,; 3
83% Jan 10
7% Jan 17
•
9
;
2
4
-37%
'4
5% Jan
74
Mar 13
.11% Feb
13 ;
Jan
9.% Jan
12% Feb,
1
5V* Jan 23
Nov
65%
112
4
,
Mar
18
Jun
11%
10
11 % Feb
Feb-11
Jan
.'34
6% Nov'
Jun
r.2%
3
Jan
60
224
10% JarV; 4
.
'Feb
12
76%
3%
Feb
Y 6% Jan
3
Jan
.18% Feb
27
17i
Nov
3
25
59% Jan
15 % Jan
18%. Nov
63% Mar 16
13
56
Jun
701/e
Dec
69
Jan
3
16%
Jun
26%
Nov
20% Feb
<18 V4 Mar
16
4
n
74% Mar 17
33%
Feb
58%
36
Jun
48
Dec
8
Jun
11%
Dec
53% Jan
44
3
9
59% Jan
Feb
14
48% Jan
6
Jan
10% Jan
3
12% Jan
31
15%* Jan
•14% Jan
25%
Apr
321/4 Aug
12
Dec
14
4%
8%
Jun;
35
6%
1%
Sunray Oil
Corp
Feb
24
38% Mar 6
13% Jan 17
5% Jan
7
36% Jan
40
7%
Jan
3% Jan
>
20
Jan
9
Mar
56%
Dec
95
Dec
Oct
Mar
6
Feb
34%
Jun
84%
Apr-
2% May
23% May:
4%
t
-17% Jan
Jan
13
=941/2 Jan
4
97% Mar
7
3
5% Feb
.6
52
Dec
25%
Jan
22
102% May
107%
::
=36
Jun
Jun
19
Nov
42% Feb.
5
16% Jan
33% Mar 17
11
36% Jan.
5
9
Texas. Co
Texas Gulf
Texas
Gulf
Texas
Pacific Coal & Oil-.
Pacific
Sub
share
Texas
&
Tetion
certificates-
Pacific Ry
Fair
$ per share
__50
1
Jan.;
10
Jan,
11%
Jun"
61/4
16%
•14% Jan
17%
Dec
16% Jan,
16%
Feb
15, -Mar., 7J
9%
v
Dec
Dec
Feb
98%
Feb
108 %
Oct
9%
Aug
15 %
19'/a. Jan
25%
Jan
98%
Sep
4%
\
4%
3
109 Va Feb
28
Jan
3
12% Feb
18*
25% Jan
6
36 % Jan,.
21
■
35
Mar_17
Feb
102'
15
Jan * 6
10 %
Nov
8% Jan
-5
Nov
29% Jan
18
6%
Jan
,
4% Jan
*3
103
Roller
,
12% Mar 17
38;;
:
6.
Jan
5%
9
8%
Jun
10%
Dec
10
Nov
46
Jan
41% Mar
10%
Feb
12?A
Apr
191/2
Jun
-
31% Jan
JunV
94
-45%
Jan.
33%
107
112
'Aug
96
Nov
Jan
86%
Jan
94
Dec
Aug
Feb
21
20
Udylite
17
stocks
Jan
3
13*4 Jan
10.
Union
26% Jan
13
4is/8"ta&r
9
113
96
90y4 Jan 30
Jan
24
25%
Jun
3~2~%
Sep
25% Feb
23
Jun
89%
Jan
82% Jan
25
Apr
51%
Feb
50
Jan
9
Dec
July
Jun
10%
61%
Jan
19%
Feb
103
york
'
•.<
■
Jun
Feb
3
25 Va Jan
13
3
110Jan
13% Jan
25
16% Feb
27
87
28
Oct
80% Feb
7
31%
Dec
30 y8 Jan
26
106% Jan-
Jun
9%
Oct
8
Jun
38%
Jan
34
29%
Jan
40
Dec
40
2%
Jun
3%
40%
Jun
3%
Dec
3
34 y4 Mar 15
28% Feb 24
Feb!
32% Jan
5%: convertible
'
United
Air
4%$
United
Feb
28
% Jan
28
United
8
United
25
38% Mar
Co—.
$4.50
Inc
preferred
Biscuit
preferred
Board
&
Carbon
Corp
4>/a Mar 17
United, Corp
(The)
Corp
without
dlv
8% Jan
11
12
Mar
6
United
16
78% Mar
3
19 Vb Mar
6
Dyewood Corp common
22%
Jan
16 Va Jan
4
Dec
40 y4 Jan
13
45
Dec
53 y2 Jan
13
61
July
19%
Dec
17y8 Feb
17
Feb
26%
Dec
26y4 Jan 27
29
Feb
21
9% Mar
13%
Sep
12
14
y2 Jan
9
Dec
18% Feb
24
Jan
3
United. Paramount
23% Jan
12
6%
43/
Jun
26
Jan
23
4
Mar 15
% Mar 6
19% Mar 15
30% Jan
105;
Jan
17
Jan
9
24
4
123% Mar
1
189
United
Sep
8% Jan
3
10% Mar
Jan
46% Jan
4
54 y2 Jan
Oct
22
Mar 11
25% Jan
U
U
'3%
Jun
9%
Dec
8% Jan
10
10
% Mar
Jun T
30%
Dec
28f/a Jan
9
33
11%
Jan
Oct
15 y8 Jan
3
8V4 Jan
18
U
7%
Japy
38,
Jun,
52%
Jan,,'
For
8%. Apt.
49% Jan.,
72 - ' Dec
foptnqt.es
40% Mar 17
7b
see, page 22,
Jan
5
18/
Feb
S
40 Va
41/2
4%
4Va
*39
7%
19
7%
5 8 3/a
583/4
97
97%
4%
4%
*
59%
971/2
371/2
106,
241/4.
* 106i/4
15V'a.
15%'
34%
34%*
35
.
'
43a
7
-
40
41/4'
*- ' 1,700
.,
19
Va
59%
*97
1,300
71/2/
/
700
59% '
4,900
98%
4%
371/4
24
"
100
40 »/4
41/4
19
r
103/4
x6%
4%
V19
7»/4
10%
40
39%
:'
19
■,
4%
371/4
24%
36%
Y 24
4 3/a
100
♦
2,100
37
600
24
9,400
'
*1057/B
106'A
105%
1053/4
15 3/a
15%
15%
15 '/a
33%
34
"
33%
Wednesday
i
35
16%.
18%
260
.
'8,100
8,800
Friday
./"
17
Sales for
Mar. 17
$ per share
the Week
$ p.er share
Shfifh
,
16%
17%
17
17%
18%
,18%
19 %
18%
18%
*15%
5,300
15%
15%
*15 %
9%
9%
9%
9%
16%
9%
109 yB
*108%
32,800
11%
21%
v7
109
15
9%
109
9%
109
109
23,900
200
109
T
350
11%
U%.
11%,
21%
21 %
21%
21%
36 y4
102
*101
11%
21%
*35 y4
36%
36v4
36 Va
103
36%
103
*101%
JO
10%
10%
12%
33%
33%
34,
38
1,450
5 V'B
5V4
2,000
9%
*101
9%
33
rl:
Thursday
Mar. 16
;$. per share
16
109
.
Mar. 15
>33*4
33%,
*4%
102
9%,
'
4%;;
4%.,
9%
34
5
Va.,
5Va
12
,
11%
5%
11%;
"3,600
21
21%
20,800
35%
35%;
600
103
100
'
7,600
U
S
Lines
4% %
U
S
U S
Co- common:
pref erreds—:
28%..
10%
11
10%
10%
2,700
4314
43%
421/4
431/4
4,100
12%
121/4
12%
121/4"' 12%
28%
28%
28V2
29
2,60.0
112
113
*97%
*97%
101
94%
26
*84
3%
104%
*1041/2
1043/4
1043/4
4Q0
26%
263/4
26%
26%
26%
26%
1.1,600
88%
88V4
89%
873/4 !
88%
51
51
51
511/4
51 '/a
511/4
5,900
1,500
34
34'A
341/4
34'/4
34
26%
27%
27
27%
263/4
50%
51-,
33%
""
27
t
109
109,
15%
109
*84
30%
15%
87 Va
30%
*84
30%
*1071/2
8%
110
15%
151/a
87 Va
30%
110
*81/2
*107%
8%
38
371%
46
46,
*81/2
31/4
31/a
*48%
50
4
3%
4
3%
4
12
11%
11%"
77
77"
18%
18%
44
*43%
58%
58%
34
30%
*1071/2
38
47
47 3 k
50
*49
3%
•
11%
8%
161/a
*853/4
109
4
4,300
1081/2
37%
373/a
37%*
47%
48
48
3%
113/a
31
30%
*107
8%
49%
4
11%
3%
*49
4
113/a
200
13,500
300
*8%
3 Va
4
11%
153/4
87
8 3/4
491/2
3%
50
8,8p0
112
155/a
87%
30%
1,100
27 Va
*110
31/a
'
200
3,200
300
I.3,000
50%
10
4i/a
114,100
11%
4,500
78%
76
771/2
76
18%
187/a
19
18%
18%
18 Va
18%
18
18%
1,900
43%
44
441/4
45
45
45
45
45
2,200
601/4
59%
59%
18%
18%
18%
26%
59
18%
27
26Va
12%
30%
109
15%
*84
112
44
27
1
*48%
87i/a
8%
37%
3%
12
11%
"
15%
37%
•/
31/4
50
"110
110
47
37%
46 Va
3%
11%
1043/4
230
86%
*48 y2
*75
94%
*
;
160
102
943/4
261/a
26%
•
*1071/2" 110
3%
*97%
-
87
33%
*8%
16,800
42,900
26ya
26%
30%
85/8
3%
104%
29%
43%
f 113
86%
51%
*84
110.
8%
*1041% IO41/2
34
151/a
30%
1071/2
95
43%
*112
101
5iy4
871/8
*30%
*971/2
86%
109
29
43%
113
*94%
26%
15%
431/2
*112
941%
34
110
15%
101,
431/4
94%
26%
861/4
42%
941%. 94%
94%
94%
104%' 1041/a
26%
58%
60
59%
77%
761/4
76V4
60%
76i/4
5y3/4
761/4
340
-
601/4
8,800
18%
19%
191/a
19%
19
19%
18%
191/4
62,700
26%
'
•
26%
26%
26%
26%
271/4
271/4
27V4
4,500
12%
12%
12%
12%
12%,.
12%
12%
123/4
125/a
12%
13,500
19%
19%
19%
19%
20
20
20'/8;
19%
20
19%
19%
II,600
19%
p
12%
19%
1
19%
191/2
19%
19%
19%
19%.
19%
19%'
19%
19%
19 3/4
10,800
28%
28%
29 3/a
29%
29%
29%
29%
13,000
ioi'/4
IOII/4
XlOO 1/2
28%
28%
*100
16%
117
*187
117
1881/2
*10
com—5
*51%
100
No par
10%
•
53
22
9%
32%
•
—:_1
*ay8
.
*100•
41% ;
16%
117%
*186%
188 y4
*72
10y4
*51
22%
32%
9%
16%
*8%
40%
,
*72
74
23
9%
•
31%
*186%
9V/2
321/4
16%
24
9%
32%,
IOOI/2
*993/8
16 S/8
*15%
121%
1881/4
186%
20
iCFi/4
2,100
10%
10 Va
53%
241/4
*521/4
9%
9%
32 Va
41
x70%
81/4'
41%"
24»/4
93/o
32
16%
16%
16%
>8%
81/4'
4lV2
8i/4
31/4
*81/4
41%
413.4
40%
70%
72
70%
70%
*69%
*
41
16%
*70V2
120
800
186%
10 3/8
233/4
161/4
122
*52%
32
101
121
163/4
53
6,000
340
241%
4,100
9%
2,600
32
16%
'
*8 i/a
,
10%
53
23
9V2
32
i6y2
81/4
>
10 Va
51%
"
•'
16%
41-
187
161/a
120
120
187
10
521
23
9%
32%/
16 Va
117%
1881/4
10
52
"
22%
16%
16%
118
*186%
10%
521/4
*
8%
41%
73%
102
*l6i/a
117%
..9%
32%
16%
281/a
*100
16%
22%
■
28%
102
116%
-
16%.
—10-
28%
102
)
*16
20
100
„lo
11
43%
121/4
42%
42%,
112%; 112 »/4
101
%
20
10%
43%.,
421/a
43Va*- '
1121V 1121/4
1041/a
*109
common
:_No par
class A—No par
;Pipe .& Foundry Co
Playing Card Co.
10%
43-
I21/4' 121/4
27%" 28%
*97 '
43
26%
1
:
10%,
42%
v
12%
113
*94
*
10%
43.
"
101
,
*104%
Nopar
Nopar
Nopar
Chemicals.
conv
27%
18%
-l-_..
Machinery
Leather ,Co
27%
%
*43%
;
preferred—
Partic &
8% Jan
49% Jan-1
72"
Mar :
S Hoffman
S Industrial
12
5
Theatres
interest
preferred
4% %
May
16%
v
2,200
151/2
9y4
Va
10
S & Foreign Securities
$4.50 1st preferred,
U S Freight Co
U S Gypsum Co common
7Y
10%
42%
5
13
U
26 %
15%
of
10%
12ya
Nopar
Co
Certificates
10%
Apr
*4%
'
1
United Gas Corp
2
Mar
Fruit
United Gas Improvement Co
Merch & Mfrs Inc_
57
May
17%
15 V* Jan
5V'a
42%
100
United
110
32%
42%
*97
1
7% preferred
United Electric Coal Cos
;
United Engineering &
Foundry
182% Jan
9%
9
37%
647/a Jan
Oct
6 3/a
23%
106-,
*15%'
•
102
9%
*45%
Dec
Jan
6%
"
37%
Dec
17%
-16-
21%
35%
*101
9%
33
46%
3
187
35%
37Va
Mar
116%" Dec
21%
36 y2
46
50
Jun
21%
Nopar
3
Jan
6%
$ per share
109%
12 r
11%
No par
3
Fastener
55%
12%" Jun
109
102
*112%
>
10
3% Jan
175
11%
27
.
Nopar
:
Carton
Co__L_
44 % Jan
XS9%
108%
I2ye
Nopar
Sep
27% Jan 25
9%
42%
100
;
Dec
X1Q0% Mar 16
*15%
9%
*10%
•
United Cig-Whelan Stores com—30c
$3.50 convertible preferred
100
30%, Dec
% Nov
6 >/4
Mar. 14
$ per share
16
*4%,
5
UnitedrCarr
23
100
6 .ya
•,
Tuesday
Mar. 13
86%;\ 86%
51 Va
*50%
34
;*33%
12
18% Feb 27
133,4
34,
Monday
26% ,26%
17
8
15%;
*13
*37
16%
50
Jan
Mar
*15%
131/2
151/4 /
34%
15%
6,200
1,100.
3,800
*123/4
24
IO51/2
151%
3,600
1,300
rv
13%
18%' '
25
Feb
102
231/4
■
11% »
57%
381/4
16%
*9%
—100
America
42%
Feb
23 3/a"
471/2
Hi/a,
38
»
I8V4,
21%,
common—10
—
of
Jun
Mar
41/a
*37
56
463/4
11%
961/a
16%
33.
No par
preferred
Lines
Jun
94i
41/2
•
55%
47%
11 i/a
*37-1/2
/
18%
*35%
.
pai
Corp common
14% Aug
18%
r
56
47
10%
971,2
16%
*101
—No par
'4
25% Dec
4%
5,900
8,300
17%
38
v>7%
56%
V'8
22%
553A
'
•
74
21%
-10%
-19
7%
56i/4
13,900
73 Va
22%
*371/2
;
:
'
18
11%
,; non-cumulative preferred_^50
United. Aircraft
9
3
Jan
series:
serie^——i__No
Union Tank Car
110
Jan
-
5
$3.50
49v
26-
*714
*963/4
18
18%
73%
10%
c
*40
41/2
16%
108%
"
_5
14
Jun
34%
.
18%
9'%
1
Co
17
Jun
71/2
97%
371/2
23%
6,'A
18%; •18%
63%
63'%
2,000
23,300
*123/4
'
40 Va
*4%
:■■■'
105"%* 105%"
151/a, 15%'
1"
34%
*15
-
No par
Rubber
Jan
19
4%
57
61/4
36
23%
61/4
•'*40
400
■
38
*37
16%
par
3Va Feb
19%
37
$ per share
No par ,j.
„
&
34%
16
5
13%
18%
*96%'
4%
4%
.
.
7%'
7%
*12%
400
5%,18%
22i/4
15%
10%
38
18
No par
(The).
Corp
x44%
18%
*181/2
*341/2
—
Oct
70
;* v/'Y 4%
23%
•
_No par
3%
9%
Jun
4%
U81/2
15%
,/
63%
121/4
"
5%
*18
73V'a
■y
561/4
11%
290
10,500
17%
'
46 %
10%
*371/4
40%
551/2
46%
-Hi/4
II,700
♦
6% '■
LOW AND HIGH SALE PRICES
i__. ,„2
47%
Jun
*40
Mar. 11
Corp
Asbestos
$4
4%
18
Oct
Dec
61/4
61/4
Saturday
Union .Oil of
California^
il
;
Unicn Pacific RR Co. common-;
25
3iy4 Jan
106%
13
/
Fox Film com__No par
Preferred
89% Mar 16
106% Jan
85%
:•
10%'
37%'
133/4"
stock
Corp
Preferred
27% Jan * 5
5$%
Oct
4%
3%
9
Jan
29%
45
94% Mar
104% Mar 15
Dec
14%
Jun
10%
37%
15% M5%
Un El Co of Mo pfd $4.50 ser__No
par /
Preferred $3.70 series——No
par//
30
36%
109%
22%
15%
io6 -; 106
Nopar
Mar 15
Jap
27/
•
,
7334
213/4
15%
*36
Union Bag, <Sc Paper Corp—No
par
Union Carbide & Carbon—
6
45% Jan; 9
2
73%
20 %
29% Jap '
Jan'30
96
48
30%
73
22
15%
10 Va'
97%
Rap Transit coin'—No
Underwood
103
104V4
73
*12
•
53/4
18%
63%
•
*6%
'///ir;; ;y/'/
11% Jan
44% Jan
lliy8 Feb
18%
72%
15%
40%
12%.., 12%
18%
631/2
213/4
16
6%
5%
17%
■
*
6%
<
6
62%;
'
11%
57%
prior preferred—— -50 >
Coach Co
L',
.„1 *
7
12
62%
'
'
■
18 „
.18,
46
*71/4
——
39*
12%
;*5%;
;
561/4
57%'
conv
Twin
; 121/4,
6
17%
11%
41%
-Nopar
copy preferred—
prior„ preferred—
Twin City
Mar 17
6%
55'/4
exchange;
Centuiy
$1.50
$4.50
* 6%
46
18%
No par
Bearing
__
.
83
;
70
5,600
36,'400
.
21%
11%,
61/4
Tri-Continental Corp common... __1
,v.
$6 preferred
No par
Truax-Traer CoaJ Co
—5
20th
15
21%
55%"
*40
Transcont'l & Western Air Inc_. —5
Jan5
14%
82
12
10l/4;
1
1,000
37%:
22 y4
•18
373/4"
13 *■."*
6%
37
83%
72%
"*
37%
*83
6%
,
500
6
.
10%:
X21%
17%
,
10%,
15 Va
1,700
111%
11
37Va'
14%*
!■'
15%
*111%
10%
22%
4634 * *■
,
'112
112
)
900
11%,;
41%'
83 Va
11%
11%
*41%
21 Va
55
46
211
Ul'a
42%
83%
*
'■
209
11%
;
101/a
Pari
5
10
34%
Jun.
62
■
209
11%
:
21%
-
2,700
5,500
'
*5%
17%
'111
8,600
59 Va
10%
.42 Vo
16%
" 37%
i-14 Va
21%
59%
10
21%
17%;
61%
2
11%
21
60
10%
209
42
10%
1,4% r
12
■
211
'
831/4''/
>
373/4
5
Transamerica
11
21%
37.
-
46
56%
*961/2
/ 41/4.
Axle
Transue &,Williams;Steel
Jan
104% Jan
Jun
,t"
61 '
21%
*12%
com—10.,.
—
Timken-Detroit
18,
24
Jaa"'/
24
•
■
6 Va
6
17%
72 Va
*15%
No par
No par
com
17% Feb v 4
20 V* Feb .27
9% Feb
Dec
Dec
3
•
13
37% Dec
* 103
"..
72 %
*55y2
15
$ per share
8% Jan
Jan
32%
13
3,600
111,
37
141/4,.
.
*
$ per share,
39,909
18%
41%
i
10%
36%
12%
*5%
17%
"
new
12%
18%
'11%
V
411/a
112
*ioy4
6%
X121/4
;
21%
100
'
10
6%
.17%
No par
com
preference
::*■.-
12%
211
11%
411/a
37
'"
Tide Water Associated Oil
$3.75 preferred
■
11%
10%
17%
1
—
preferred
4%. preferred—1
Thompson-Starrett Co
Range Since Jan. 1
'■
Highest
$ per share
10%.
6 i/a ;
17%
*45
tThird Avenue Transit
Corp.No par
Thomas Steel Co (The)
.—1
Lowest
Highest
207
*111
36%
6%;
61%;
V ll»/4
,
No par
common-.
convertible
Thompson (J R)_—
Thompson Product^
Timken
11%
50
12%
19
9%
41%
20
12%
59%
lll'Va 112
•
18%
21%
206
I,900
12%
9%
v
59'%.
120Va
591/4
120%
18%
59%
205%
3,900
100
12%
21%
213/a
—100
^
1,000
Va'
10
*96%
122
600
18
9%.
83
1
—
Co__
i_l
Thermoid Co
$3.50
'
12%
*120'/a
5,200
09
10
100
591%; 59%
122
59 Vv
"721/2''
Inc
$2.50
*120%
Land, Trust—
common
50c
$1.25 conv preferred
No par
Thatcher Glass Mfg Co common—5
$2,40 conv preference
—No par
The
"
59'%
20%
211%,
—10
59
12%;
17%.
*67%.
10
59 '/a
10
*41
12%
68
10
'*96%
20%
14%,
613/8
60.
10
9%
83
-17.%;
*•
66i%
100
59 %
21%
1—125 »
66
20%
14%
•
6Q,600
9%
83
*5%
17%,
29%
59%
21%;
*12
28%
X9%
18
14%
-
Producing Co——_1_^10
Sulphur
—No par
'
83%
—5
_
121/4
18
21%
*
—5
.1
28%
*96%
122
:* 21%
a
28%'
28%
10
58 y4
14 Va
,
12.500
21%
11%
41%
6%
22%
99
.
•
*120%
18
>203
10%;
36%/ 36%
1,
*17'/a
22%
9%
111%?
*82
12%
22%
'
59%
11%
*40%
'
12%
171%; 17%
22%.
21
207'
11%.
.
•
—
Corp :__a_„
—J'i—a
12%:
12%,
17%"
28:
27%.,
58 y4
.12%,
18
9%
*203
-;
122
12%
,
21%
59%
9%
Sylvania Elep: Prod Inc. com—No par *
;$4 preferred
No par
Telautograph Corp
7,800
'
58 Va
*120%
18
59
Swift International Ltd————*
.
Year 1949
122
20%
_I:_50
Talcott Inc .(James)
15%"
22%
66%
9%
99.
100
15
~
1
*64%
10%
98%
58%
12%.v 12%
10c
67%
9%
98%
58%
.
*12$%
„
Range for Previous
Lowest
58 Va
;
66
6,100
99%
16
27%-'
10%:
38%;
*99
151/a
15%
*
28
67%
38%
99%
6,600
27%
'^98%
3$I/4 ' 38%
*39
300
%k
12%
.•
800
33
17%.
•
300
14%
33 y4
12%':'
27%
28
14%
34,
17%
21%
27%;.
67 %
27%
14%
331/4,
21%
12%;
*10%
Tennessee
■
*48%
15
v
xl2%
*96
12.50
Symington Gould Corp
15%
11,500
,
33%,. 33%
,
xl7%
America, (The)—4.16%
:L——
_25
Cor
15 Va
38%
200
19%
49
23
14%
x 99%
*99
•
33%
'*28
"
8,500
103
19%
t
Shares
27
*102
lj %
49.'
141/4
.
26%
103
19%,
Sales for
the Week
« per share
20%
.*48%
29
38%;
-38%
'100 -,Y
1
33%
Friday
share
*102%
48%
14%
12%
*.111.'
&
:
-
17%
—100
Swift
14%
21%
Superior Steel Corp
Sutherland Paper Co_
4% % preferred L
6
24% May 15
106% Feb / 7
3
=
10
59% Mar 17
3
•14'% Feb
43% Mar
Jan
7% Jan
-
MarlO
Jan
105% Jan*
Dec
13%
11*
13
40
32%
19% Jan
Jan
7
-
15%
15%
'
'*28
-
21%
*17%
10
xlOO
34%
29
26%,
19%
! 48%,.
'
*17%
——25
15
4% Mar 10
3% Jan
Nov,
19%
31
..
.
:
38%
33%
10%
*;
,
comynon—
:
14%
191/4
49
$ per
1021/4,1021/4
19 V8
38%.
!
...
100;... 100
*-
12%M2% L'
Sunshine Biscuits Inc
Sunshine Mining Co——
Superior Oil of California
Sweets Co of
21
Mar. 17'
Mar. 16
share
263'4
26%
102% J
19
48^
*27%
14%
29,
37%
15% <
-
'
19
50
*27%
>14%
33%.. >33%
26
21%. 21%
■
-
102V4
S per
»
*17%, -17%
,
.-■ri'V*%.■ preferred.series A
_i_25
•-:.4%% preferred series B——1_25
•
102%
18%
*49
14%,.
15%
,
'
■
Jun
6
11
30% Jan
12% Jan
Oct
Jun
14%
;
Jan
41%
Mar
7% Jan
Nov
Oct
•
16% Jan
: it
$4.50 Series A preferred——No
par.
Sun Oil Co common————No
par
ClasS A/4 Vi %K preferred J—-tlbo
9
13% July
4% Mar
100/
25%
>101 %
29
•37%
38.
*99%. 100
——No par y
Texas
23% Jan
:*14V4
Inc.——15
'
7%
..
Feb
10
'
Mar 16
22
25
9% Feb
-19
•
*27%
i__^_5*
25%
Thursday
Mar. 15
;•< y S per share y
25%
"
Wednesday
Mar. 14
t per share
50
..
par!
No par/
Sun/;Chemical= Corp common——1,
9
3
IncJ—
& Co
(1161)
Tuesday
Mar. 13
102%
18%
18%
*49
—
9
Jan
(J PJ
"101%
50;,
Studebaker, Corp.-ISunbeam Corp
i;r——*2
16
12% Feb
Stores
Stone & Webster—
Mar ,14
.
xl22
30
19
„
,7
10% Feb
25
*
Dec
14% Jan
Mar
60% Jan
Sep
227
71;
14
Stevens
9
99
10% Jan
Dec
121/a
7% Mar
127
'29% Feb
3
16% Jan
Sep
4
Bros
Monday
sharei
''26%
26
Stewart-Warner Corp „——„L'_5
Stokley-Van Camp Inc common—"_1 r
■5%. prior"
preference—20^
7
.
10
„—1.
Sterling Drug Inc common:
3 % %preferred
18% Jan
15
118% Jan
*
Dec
21%
Sterchi
10
55% Feb
17%' Jan
Jun
28
95% Jan ,20
Oct
Dec
122
Jan
22% Feb 24
13
8% Jan
.
•
Sep
,
66%
Jun
16%
Oct
96'
,
convertible
preferred
Starrett' Co, (The)>L S—
-No
18% Feb, 14
1
13
45% Jan
4%
5
14% Jan
13
Jan
26
common—_
J per
preferred series A
100 ii
Standard Steel Spring common.—l'
1
Mar.'7
34% Jan
9
•
.
171/e Mar 16
20% Jan
.
Dec
9%
Jart
Feb
15
Dec
52
3
Par
3%%
100
6
Jan'
12% Jan, 13
Dec
Dec
Feb
90
52 %
31% Feb
;12
Dec
21%
Jan
Feb
16%
6%
15,
Saturday
Mar. 1L
39% Feb
.
Feb 21
98
Dec
23
15 %
121/a
28%
Jan
27
'
9Vb
CHRONICLE
LOW AND HIGH SALE PRICES
stock
Standard Oil of Ohio
3
32% Jan
•
3
36% Jan
Jan
20,
50% Mar
1
12% Jan,;
jAug
41%
:
6
•
york
;.*
10
102% Feb
12
Jan
new
$ per share
,4
40
35
FINANCIAL
exchange
21
Feb
X27
94
;
Highest
$ per share
Oct
96j/2 May
&
stocks
1949,
Lowest
COMMERCIAL
*
8%
41
71%
2,900
5,900100
4,200**
200
<
22
THE
(1162)
COMMERCIAL
NEW
Highest
19% May
82
Lowest
S per
$ per share
Dec
30
$ per
share
Feb 20
95
43
Jan
37% Jan
3
Jan
126% Jan
18
133
3
Mar 13
97
44% Feb
10
133% Mar 2
40% Jan 20
Apr
34% Mar 17
Mar
60% Mar 17
68% Mar
25% Jan
32% Mar 16
33%
Oct
46%
62
Oct
72
20%
Jun
26%
129%
Jun
140'/a
Jan
139
Jan
4
18'/a
Jan
22
Nov
21
Jan
4
22
38%
Jan
44%
Sep
41% Jan
5
43% Mar 15
4 %
Feb
6%
Nov
5% Jan
26
8 %
Jun
11%
Nov
Apr
92
Dec
Jun
4
Jan
80
2%
11
Feb
21
preferred
14
27% Jan
9
3
25%
Apr
20% Feb
14
24% Mar 15
Vanadium Corp of
Jan
3
10% Jan
Van
9
11% Ma y
Jun
27
NOV
10
Feb
13%
Jan
12% Jan
20
Jan
25
Oct
20% Jan 26
85% Mar
85 Va Jan
97
Dec
98
Dec
33 Vi
Jun
47
Dec
91
Jan
100
5
Jun
22
21%
22
44
*43 %
44%
43%
43%
43%
43%
42%
6
5%
5%
5%
141%
!
3,300
2,000
;
42%
180
;
5%
1,500
10%
7,100
96%
100
J
33/8
33/a
4,900
*25%
26%
*25%
26%
26%
*25 y2
26%
*25%
26%
25%
25%
100
*15%
16
*153/4
IO3/4
America..No par
t.
16%
*153/4
11
10%
*25
16
16y4
4%
43/4
22%
223/4
4%
170
11
10%
6
6
16
16%
6
lo%
16
11
16
'»■
400
4%
43/4
4%
4%
47/8
4%
2,000
23%
4%
170
170
170
23
23
233/4
23%
23%
23%
233/4
1,300
*166
170
169%
169%
*168
171
*170
172
30
10%
10
10 Vb
10
10
10
10%
10%
10%
10%
10%
55%
*55
55 y*
55%
55 Va
55%
55 V*
55%
56
54%
55 Va
160
*22%
23
22%
23
23
23%
24 %
23%
23%
23%
3,900
10
.
5,800
*54
2,100
10%
223/4
2.50
9%
9%
*9%
9%
10
*2734
28%
28%
28%
Van Raalte Co Inc
6
v
9%
9%
9%
9%
9a/4
28%
28%
24
9%
10
13 V*
13 V*
13%
133%
13%
13%
13%
13%
13%
13%
133/4
11,500
223/4
23%
23%
23
23 y4
22%
23 %
23%
233/a
23
23%
3,500
4
Vicks Shreve & Pacific Ry com..100
5% non-cumulative preferred__lOO
*97%
Jan 23
8% Jan
11
96% Jan
11
21 Va Mar 16
18% Jan 18
Victor Chemical Works common
3% %
preferred
loo
Va-Carolina Chemical
6%
5
com
100
45
99%
*973/4
7%
1V2
91
Deo
Feb
115
Jan
18
Jan
10
20
Jan
17
22% Feb
7
Va Iron Coal & Coke 4%
25
26
31% Mar
7
91
*21
*30
117
Virginia Elec & Power Co
$5 preferred
10
pfd
*115%
333/4
Apr
Oct
28% Feb 28
Jun
3
37
Feb
8
23% Mar
303/4
Apt
28
Jan
11
30
Mar
1
30
Mar
32
Apr
31% Jan
11
34% Mar 14
Virginian Ry Co common
25
6% preferred
25
Visking Corp (The).
5
Vulcan Detinning Co common..
20
7% preferred
..20
45
Jun
60%
Jan
55% Feb 11
60% Mar
Wabash RR 4%%
12
Jun
14%
Sep
25%
Jun
31%
NOV
May
105%
30y4 Feb
17
203/4
20%
100
com
98 »/2
28
98 y2
99%
28 Va
28
99%
*281/4
28%
*99 y2
101
*99%
1003/4
*99 y2
101
*991/2
101
29
*99%
30
1003/4
*99i/2
1,100
101
■
45
No par
div partic preferred
98%
100
*97%
23 y2 July
313/4 Jan
140%
21%
*94 Va
20
33%
140%
21%
3%
118
Nov
140%
21%
95
Jan
25%
141
21%
141
11
Jun
28
140%
21%
3%
15 y2
27 y4 Jan
i4oy2
21%
13 Vb
101
7
6% Jan 27
Jan 27
Jan
1
140 3/4
223/4
99% Mar
79
32%
117,600
2.50
6
Dec
32
Vertientes-Camaguey Sugar Co__6%
10
26
31%
95
113%
14% Jan
32%
Vlck Chemical Co
8
98y2 Mar
31%
6
98% Feb
Jan
32
9
493/4 Feb
Dec
31%
14% Jan
10
Jan
11%
118
Jun
313/8
24% Mar
3
Jan
30%
7
x44% Mar 15
98
31%
|
10%
100
Co
t
3%
1
com
preferred
Norman
i
1,000
28% Mar
24% Feb 23
97% Mar
12
8.400
67
11
2
Jun
34%
66%
97%
25
Nov
34%
68
130
3%
Eeb
20 Va
650
35%
67%
131
*94 y8
11% Feb
4%%
130%
34%
68 Vb
130
3Vl
170
Universal Pictures Co Inc
129%
36%
68
132
97%
16
61% Jan 27
130%
35%
*94
4%
2
\
3%
23%
Mar
20
13,100
*94 Vb
4%
Jan
(
6,500
'
3%
*22%
10
43%
97%
1
Laboratories Inc..
54% Mar 10
43%
3%
1
161
44%
3%
Universal-Cyclops Steel Corp
Deo
130%
Shares
27%
97
68%
5%
10%
Universal
Deo
130
437/e
26 Vb
94 %
*
36%
*43
97%
Universal Leaf Tobacco com..No par
8.% preferred
100
12%
43%
273/4
97
3%
103/4
*94
9
64
42
Vb
50
convertible preferred
Feb
42%
21
*95
2
9
8
97
the Week
\\
|
Jan
5% Jan
27%
97
Sales for
17
share
68 y4
21%
6
,
x25
16% Mar
27
.
36%
140
44
G
21 Va
97
Mai
$ per
share
30%
213/4
*43
$ per
share
69%
*68
140%
21%
non-cumulative
Jan
82 Vb
140%
41%
f per
Friday
Thursday
Mar. 16
Mar. 15
36%
36%
69 Vt.
100
27
*95
PRICES
Wednesday
14
•
131%
36%
No par
.
United Wall Paper Inc common
4%
132
26%
303/4
26
10
1313/4
*68
30%
11
6
<413/4
No par
U S Tobacco Co common.
7
7 Vb
42%
50
43%
17
42
Jan
11% Jan
100
11
Sep
Jun
97
41%
.
f per share
27%
97
4% Jan
Jan
Sep
170
27
97
22% Mar 13
Jan
9%
25%
27%
100
50
preferred
U S Steel Corp common..
7%
*27
7
6 % Mar
9
4% Feb
17%
Jan
non-cum 1st preferred
Smelting Ref & Min com
7%
t per share
*95
lo
8%
7%
Mar
luu
preferred series A
U S Rubber Co common
U S
t per share
Tuesday
Mar. IS
1
Plywood Corp common
3
15
Jun
Feb
Mar
142% Feb
S
3%%
Jan
Feb
3%
6
U
3 % Feb
10% Feb
95
25
12%
Par
preferred—25
United Stockyards Corp
1
United Stores $4,20 non-c 2d pfd—5
$6 convertible preferred
No par
Oct
19%
156
13
27%
Feb
21
Dec
LOW AND HIGH SALE
Monday
Mar. 11
share
29% Jan
24% Jan 25
Monday, March 20, 1950
RECORD
Saturday
EXCHANGE
Highest
93% NOT
Apr
31% Aug
112 V\ jun
STOCK
STOCK
YORK
NEW
Range Since Jan. 1
Year 1949
$ per share
YORK
CHRONICLE
STOCKS
Range for Previous
Lowest
FINANCIAL
&
116
21%
303/4 V
-
29%
29%
36
*35%
*98 Vz
100
45
99 Va
*99 y2
45
99%
*73/8
X90
45
*98
7%
7%
90
203/4
116
90
20%
20%
116
*21
30
ii6y8
21%
31%
29%
*30%
29%
253%
21
35%
29%
*29
*33%
34%
*33%
60%
59%
X44 Va
99%
*98
7%
73/8
90
90
21
116%
21
44%
45%
99 y2
*98%
7%
7'%
90
90%
21
21%
*116%
116 %
*2oy4
2iy4
21
31
31
*20
31
29%
116%
31%
45%
99%
45%
*45
*97
21
116%
20
7%
4,400
1,200
21%
90
21%
116i/2
99%
90%
73/8
7%
91
1,500
29,700
130
116%
211/4
21
21
250
31%
*31
32
800
29%
29%
2,100
29%
29 3A
353/a
35 V4
351/4
*35%
36
29%
293/t
29%
*
28 Va
29%
29%
29%
50
34 Vb
34 Vb
34 Vb
*34%
34%
*34»/s
34%
100
58%
59%
•
45 V*
34%
34%
*58%
29%
58%
58%
58%
35 y4
29%
*283/4
102
*29
29%
[
29%
*35%
36
600
W
101
Oct
6%
6% Jun
14% Jan 10
Walgreen Co
Feb
4
105% Feb
17
Jan
13
39% Mar 17
7% Jan
4
9% Jan 10
31
Jan
Jun
17%
Dec
16
Jan
3
x87%
Jun
101%
Deo
97
Jan
16
9%
Jan
16%
Dec
12% Mar 17
16% Jan 24
18% Jun
30%
Dec
29% Jan
38% Feb
6
18% Jan
9
xl2
19% Feb
14
Jun
22% Jan
23ya
Jun
25%
Dec
11%
Jun
14%
xl3
Feb
16% Feb
11% Apr
24%
Sep
Deo
x20
Mar 14
17%
Nov
14
3% Jan
xl9% Jun
6%
Oct
27%
15% Feb
14
26
24% Jan 28
27
1
Jan 21
102
3
Mar 16
15% Jan
9
Jan
11
24
Feb
14
17% Mar 16
5% Jan
3
6% Mar 15
13
Jan
24% Jan
July
84%
Dec
83% Feb 28
85% Feb
8
16%
Jun
23%
Jan
20% Jan
3
23% Jan
18
16%
Sep
221/4
Oct
19% Jan
13
23% Jan
13
78
25% Deo
14% Jan
27% Mar
4
23% Feb 2.5
27% Feb'25
4%
Co
14%
14
14
13%
13%
400
31%
31%
31%
31%
31%
31%
1,200
104
104
*
100
*103%
104%
103 y4
104%
36%
36%
36 Va
36%
36 %
36%
36%
8y8
8%
8%
8%
8y8
8y»
8y8
.1
*18%
18%
18%
18 %
18%
100
101%
101%
101 %
101 %
5
13%
13 y2
13%
13%
13%
101%
13%
Warren Foundry & Pipe
Warren Petroleum Corp
No par
33%
33 y4
34
34%
34%
35 y4
3
16%
Washington Gas Light Co
No par
*25%
103
Ward Baking Co common
5%% preferred
u.
Warner Bros Pictures-.
xl8
104
103
38%
38
8%
8%
103
*103
104%
220
39
39
39%
13,700
8%
9,300
8%
8%
18%
18%
18%
18%
100 »/2
*100%
101%
13%
13%
13%
13%
12%
13%
43,300
35
35
34
34
34 Vt
34%
3,100
12,700
17
17 %
17%
17
17%
17 Va
17%
17%
18%
17%
17%
25%
25%
25%
25%
25%
25%
25%
26
26
26
13 y4
13 %
13%
13%i
13%
13%
13%
13%
13%
13%
13%
*20%
21
20%
20%
*20 y8
20%
*20%
21
20%
20%
1
*15%
15%
*15V2
15%
15%
15%
•16%
16%
17%
16%
16%
4,600
5
6%
6%
6V„
6%
6%
6%
6%
6%
6%
6%
6%
17,000
x26V4
5
13%
Wayne Knitting Mills.
Wayne Pump Co
5
Webster
Inc
X20
20
16
6%
26%*
26%
26%
26%
27
27%
27%
27%
27%
84
84
83%
84
84
84%
84%
84%
84 %
84%
84%
330
21 %
21%
21%
21%
21%
21%
21%
22
21%
22%
21%
22%
4,300
21%
21%
21%
21%
21%
21%
22
22%
22
22%
21%
22
8,700
No par
West Penn
Electric Co com—No par
West
Power
26%
26%
26 y2
26%
*84
26%
26%
27
26%
24
100
*113
114
*113
114
*113%
114
xll2%
112%
113%
112%
7
4.20%
preferred series B
100
*108%
109%
*108%
109%
*108%
109%
*107.%
109%
*107%
109%
*107%
Deo
107% Jan
108% Jan
7
4.10%
preferred series C
—100
*109 Ve 110%
*109%
noy2
*109V2
noy2
HOVa
*109%
110
*109y8
13
16
Feb
Deo
46
Jan
25
51
Jan
3
Jan
108
Jan
4
110
Feb
14
13% Jan
Jan
4
18
$ per
$ per
share
4%%
Since Jan. 1
preferred.
7% Jan
13
33%
Dec
31
30
Jan
28
70% Nov
NEW
9% Feb
24
16
45% Mar 16
3
19% Feb 21
Jan
3
35% Mar
Jan
3
34% Mar 16
66% Jan
3
73
2
Jan
18
24
Dec
19% Jan
13
23% Jan
4
211/4 Jun
343/4
Jan
25 y8 Jan
3
27% Feb
4
20% May
98 V2 Feb
33
Dec
30% Jan
13
104
Aug
103 y4 Jan
6
Jan
Dec
22% Feb
20
105% Feb
18
26% Jan
6
16
Feb
34% Mar 16
112
113
Mar 16
293/4 Jun
48%
Jan
43 y2 Feb
It
50
Mar
71
89%
Jan
81
Jan
3
89
Feb
28
41
Feb
27
July
20%
26%
14%
*14%
*47%
48 y2
*47%
*107%
109%
108 %
14%
YORK
15
15
48
*47
108%
Saturday
4
f per share
15%
15 y8
*47
47%
*108%
109%
15%
15%
46%
47%
109
<ipe%
113
..
15%
2,200
47%
300
240
109
AND HIGH SALE PRICES
Tuesday
Mar. 14
$ per
Mar. 16
Mar. 15
I per
Friday
Sales for
Mar. 17
the Week
Thursday
Wednesday
share
t per
share
share
f
$ per
share
s%
9%
9VB
9%
9%
9%
9%
9%
9%
9%
9%
9%
6,300
*40%
41%
41%
41%
41%
43%
43 V2
44%
43%
45 3/b
44%
44%
12,800
17%
18%
17%
17%
17%
18
is y4
18%
18%
19%
l83/0
19
14,200
100
32%
33%
33 y2
33%
34
34%
34
34%
1,300
.No par
com
32%
32%
33%
34 Vb
34
34
2,800
71%
*70'
70
*32%
32%
20
26%
26%
26%
32%
33
32%
*104%
preferred series B
100
104 >/4
Weston Electric Instrument
12.50
*23%
Wheeling & Lake Erie Ry
Wheeling Steel Corp com
..100
*10 IV2
No par
No par
20%
104%
24
113
*32%
33%
33
33%
*70
7iy2
32%
32%
32%
70
70
20%
*68%
Western Union Teleg class A.No par
Westinghouse Air Brake
No par
Westinghouse Electric com
—12%
19%
34
71
*69
100
prior preference
19%
21%
21%
22 %
21%
26%
26 Va
26%
26 >/4
26%
26%
23%
26%
26%
32%
33 V4
33 Ve
34 V*
34 %
34%
34 Vb
34%
39,500
104%
104%
104%
104 y4
104 »/4
103%
104 Vb
*104%
104%
*231/2
24
23%
*108%
113
*108%
*23 V2
24
24
*108'/2
113
113
23%
113
22%
25%
113
21%
25
112%
71%
213/4
25
100
23,600
700
1,200
112%
20
4,600
47%
48 Vi
48%
47%
48%
49
49%
48%
493/4
49
493/8
88
47%
*87
f
8,100
33i/4
*70
87
87%
87
87
87
87
87
87%
86 3/4
87
37%
37
37 y8
36%
37
36%
37 Vb
37
37
230
23% Mar
32%
D*»c
30% Jan
13
12% Jun
18% Jan
16%
Dec
15% Meb
8
17% Mar 15
White Motor Co
1
15%
15%
15%
15%
15%
16
16 y8
17%
17
173/8-
17
17 %
11,100
323/4
Dec
31
Jan
4
38% Mar 16
1
34%
34%
34y4
34%
34%
34%
34%
37%
37%
38%
36%
37%
8,000
28%
34
*34
34%
34
34
33%
33%
33%
33%
33%
33%
*33 Vi
333/4
*13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
1,600
6%
17,200
"
White Dental Mfg
(The S S)„
Dec
33% Jan
12
34
9
Dec
12% Feb
sy4 Jan
15
3
14% Feb
3
Wilcox Oil Co
Jan
Feb
20
20
White Sewing Machine common
Prior preference
14%
Feb
7% May
Jan
20
5
41/4
Jun
7%
x423/4
Jun
57%
Dec
51% Jan
26
55% Jan
5
8%
70
Jun
12%
Dec
12% Jan
4
13% Jan
31
Wilson & Co Inc
Jun
793/4
Nov
77 y4 Jan
5
82
Feb
27
$4.25 preferred
10
Jun
13%
Jan
10% Jan
6
11% Jan 11
Wilson-Jones Co
14%
Jan
21%
Dec
19% Jan
3
22% Feb 25
Nov
139% Feb
1
141
Wisconsin Elec Power Co
6% preferred
Nov
323A Jan
10
38
Mar 16
Woodward Iron Co
48
Jan
3
51
Feb
Woolworth
140
7
128
Jan
22
Jun
35.
44
Sep
49% July
113/4
Jun
18%
Dec
17
Jan
13
X59ya
Feb
72
Oct
69% Jan
9
73
65
Jun
76*
Nov
74
Jan
68
Feb
89
Dec
85
66
Feb
BVb Feb
82
Dec
80
Oct
19% Jun
30%
Jan
13
10% Feb
10
Jan
11
3
Willys-Overland Motors,
$4.50
conv
5%
1
common
pfd series A
37%
52
52
No par
12%
12%
No par
*80
com
*10%
__10
22%
_ioo
...
*139
*34%
10
48%
6
6
12%
12%
82
80
*10%
*52
52%
12%
80
6%
6%
52%
52%
12%
11
22%
5%
*52
52%
12%
*80
13
*80
12%
*79
81%
*
6%
52%
13
81%
6
1,100
600
52%
400
12%
133/B
10,100
*79'A
813/4
52%
100
10%
10%
10%
10 %
10%
10%
10%
10%
10%
1,200
22
22
21%
22 y8
21%
22
21%
22
213/4
22%
6,100
*139 Vb
141
*140
141
\
139%
141
35
35
35
35%
36%
37 y4
37%
37%
33
38
3,100
48%
48%
49i/a
48%
49%
49 VB
49%
50 %
50%
49%
50%
9,400
18%
18%
19%
4,200
72%
141
.10
Co
6
6
*51%
82
10
(F W)
6
No par
common
36%
37
*139%
141
*
139 Va
141
*373/4
—
Worthington Pump & Machinery
^
!
Shares
1
Preferred series A
conv
*47
*108%
113
10
-
Western Maryland Ry com
4% non-cum 2nd preferred
$5
15
15
Mar, 13
t per share
109 y8
27%
100
Western Air lines Inc.
Western Auto Supply Co
3.80%
*
47%
108 y4
Monday
Mar. 11
For
Western Pacific RR
108%
LOW
STOCK
EXCHANGE
Jan
16
Jun
263/4
100
t per share
share
x3934 Feb
115
pfd
West Virginia Coal & Coke.
5
West Va Pulp & Paper com—No par
Highest
Df»C
Jun
Mar
4%%
STOCKS
Range
Lowest
20
213/4 Jun
15,800
400
110
533/4
May
4,000
109%
Penn
27
26%
26%
Feb
41% Dec
163/4 Deo
Sep
500
4
$4 convertible preferred
114
; P %
Feb
700
1,300
1
Wesson Oil & Snowdrift com.L-2.50
West Indies SugaFCorp
West Kentucky Coal Co
109% Feb
Highest
32% May
8% Feb
210
101
*100
111% Jan 18
17%
share
3,900
18 Vt
xl00%
25%
Waukesha Motor Co.
Tobacco
18 %
*101
.
108% Feb 28
Year 1949
102
xi4y8
31%
No par
___
Range for Previous
13
i4y*
31%
Jan
50%
Lowest
21
14y8
31V*
Nov
108 %
Dec
May
5
14 y8
31%
108
35% Jun
t per
58%
14 %
31%
No par
preferred
(Hiram) G & W
Walker
Walworth
800
58
58
58%
14%
31%
*14
108%
Apr
104% Sep
101% May
12%
100
No par
No par
common
115
107
104
preferred.
Waldorf System
32
7
30% Jan 17
103
Jan 11
Deo
33
21% Jun
13% Feb
7
8
12%
Jun
24
Feb
27
Prior preferred 4%%
«
79% Feb
27
Prior
Jan
7
89
Jan
Jan
23
88
Mar
10% Feb
Dec
xl9% Feb
16
13% Jan
27
12% Jan
Feb
30
12% Feb
18 3/4
19%
72 V2
72%
73
*72
72%
72
72
77
*76%
78
77
77
*77
78
76
76
86
86
*83%
86
*83%
86
*87
87%
*87
*84
86
*83%
6
Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co
No par
*86%
88
*86%
5
*11%
11%
28
14
3
Jan
23
16%
Jun
28%
Nov
26% Jan
A
31
Feb
9
53%
Jun
77%
Dec
72% Jan
13
10% Jun
14%
Jan
11% Jan
20% July
3% Feb
33%
Dec
4%
Oct
prices;
19%
71 y2
77
86
40
y
18%
70%
77
Yale
&
Towne
Mfg Co
25
York Corp common
4V2%
31%
*35%
29%
6
Young (L A) Spring & Wire_Nopar
Youngstown Sheet & Tube
No par
3
15% Feb
9
Youngstown Steel Door
31% Jan
13
52% Feb
14
Zenith Radio
4% Jan
6
Feb
24
Zonite Products Corp.
no
Ex-rights
sales
en
this
day.
11%
37
29%
88
87 %
87 V2
87%
87%
11%
11%
11%
12
12%
12%
29
28%
29
29%
x29%
has
30
30%
2,200
82 Vb
81%
813/4
15,300
143/8
14%
14%,
14
14
50%
49%
51
49%
50%
5%
30%
80%
82%
14 y8
14
49
49
48%
49%
48%
5%
5%
5%
5%
company's
30%
81%
30
48%
for
30
29%
47%
Hied
3,600
363/4
8oy4
.No par
been
4,200
11 y2
79%
14
reofganlzation
*14
11%
11%
11%
31%
36 y8
*35%
36%
*3Gy8
5%
a Deferred delivery,
5%
30
29%
29%
14
3,100
11%
29%
80%
14%
12%
363/4
.20%
80
200
12 3/8
29%
36 %
*13%
87%
123/«
11%
36V2
*11
170
980
"
37
29
11%
,
No par
.
29%
11%
*35%
79%
79%
*83%
11%
*5%
Corp
tin receivership, or petition
29
29
1
50
convertible preferred
82% Mar
6
18 y2
*84
36 Vb Mar 14
dividend,
18%
71 y2
77
18%
No par
Jan
asked
series
conv series
Wright Aeronautical
39%
and
18%
*70
No par
pfd 4%'%
9
30% May
•Bid
18%
100
100
Common
5%
53/4-
r Cash sale,
s
5%
Special sales.
5%
200
1,100
25,300
2,600
wdWhen distributed, .x Ex-
'
THE
Number 48111
Volume 171
COMMERCIAL
Bond Record
The
•
italic letters in
the
column
CHRONICLE
(1163)
New York Stock
«»
FRIDAY
»
FINANCIAL
&
WEEKLY
•
headed "Interest Period"
Exchange
YEARLY
-
Indicate In each case the month when the bonds mature.
"^figures.after .decimal point represent one or more-32d of a point.
LOW AND HIGH
Range for Previous
Year 1949
Lowest
GOVERNMENT
'
Range Since Jan. 1
/Highest
Lowest
Highest
103.28
Dec
Jan
108.13
110,23 Mar
102.31
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Jan
110.23 Mar
Jan
102,31
Jan
104.9
Feb
104.9
Feb
102.1
Mar
104.15 Oct
103.8
July
103.8
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
July
101.12
Feb
101.13
Jun
101.7
Feb
103.2
Aug
100.18
Jan
103.19
Dec
100.28
Jun
103
102.23 Feb 24
Aug
102.23 Feb 24
102.30
Feb
105.4
100.13
Jan
102.30
Aug
Sep
'102.18 Feb
1
100.17
Feb
101.3
Jun
102.15 Jan
31
102.18 Feb
1
Jan
Treasury
Treasury
Treasury
Treasury
{Treasury
9
103.9
Jan
10L18
101.8
Feb
Jan
101.18
Lew
High
*103.5
103.7
*103.4
*108.18
108.21
*108.18
102.11
*102.9
102.11
*110.4
110.7
*110.4
110.7
*110.4
*111.24
111.27
*111.24
111.27
*111.25
111.28
*113.25
113,28
*113.25
113.28
*113.26
113.29
*100.27
100.29
*100.26
100.23
*100.26
102.12
*102.10
102.12
*102.10
102.12
*
*105.13
105.15
*105.14
105.16
♦105.14
105.16
*105.15
105.17
»i04.10
104.12
*104.10
104.12
*104.10
104; 12
*104.10
104.12
103.26
*103.23
103.25
*103.23
103.25
*103.23
103.25
*103.11
103.13
*103.11
103.13
*103.11
103.13
*103.11
103.13
*103.6
103.8
*103.6
103.8
*103.6
103.8
*103.6
103.8
*108.18
108.21
*108.16 108.21
*102.9
102.11
*102.9
102.11
2%a_
1956-1959
*110.6
*110.5
110.8
*110.4
110.7
2%s
1956-1963
*111.23 111.26
*111.23
111.26
*111.23
111.26
1960-1965
*113.24
113.27
*113.24
113.27
*113.24
113.27
1950-1952
*100.28
100.30
*100.27
100.29
*100.27
100.29
,1952-1954
*102.11
102.13
*102.10
102.12
*102.10
.1956-1958
*165.13 105.15
*105.13
105.15
*104.11
104.13
*104.11
104.13
—1963-1966
*103.24
103.26
*103.24
103.26
*103.24
Jun
1964-1969
*103.11
103.13
*103.11
103.13
Dec
1964r-1969
*103.6
103.8
*103.6
103.8
1965-1970
*103.3
*103.3
*
108.21
102.10
102.8
110.7
100.28
102.12
102.10
103.5
*103.3
103.5
103.5
*103.3
103.5
*103.3
103.5
*103.3
103.5
1966-1971
*103.1-
103.3
*103.1
103.3
*103.1
103.3
*103.1
103.3
♦103.1
103.3
*103.1
103.3
—Jun
1967-1972
*102.14
102.16
*102.13
102.15
*102.12
102.14
*102.10
102.12
*102.9
102.11
*
102.11
Sep
1967-1972
*105.2
105.4
*105.3
105.5
*105.3
105.5
*105.5
105.7
*105.5
105.7
♦105.6
105.8
—Dec
1967-1972
*102.14
102.16
*102.13
102.15
*102.12
102.14
*102.10
102.12
•102.9
102.11
*102.9
102.11
1951-1953
*102.10
102.12
*102.10
102.12
*102.10
102.12
*102.10
102.12
•102.9
102.11
*102.9
102.11
1952-1956
102.9
102.2
*105.2
»
*101.31
102.1
*101.30
102
*101.30
102
*101.30
102
*101.30
102
105.5
*102
1954- 1956
2 y« si2y4s.
2Vis
2 Vis
2s
103.6
103.8
108.20
108.22
1962-1967
*105.2
105.5
*105.1
105.4
*105.1
105.4
♦105.1
105.4
*105.1
105.4
*104.9;
104.11
*104.9
104.11
*104.9
104.11
*104.9
104.11
*104.9
1C4.11
*104.10
104.12
—Jun
1959- 1962
*101.28
101.30
*101.28
101.30
*101.28
101.30
*101.30
102
*101.31
102.1
*lli2.i
102.3
Dec
1959- 1962
*101.26
101.28
*101.25
101.27
*101.24
101.26
*101.26
101.28
•101.27
101.29
*101.29
101.31
iooTib
*100.15
100.17
*100.15
100.17
—1956- 1959
..Mar 1950- 1952
_
2s
Bonds ($)
High
*102.9
103.8
*108.19
*102.10*102.12
2Mis
3Vba
2% a
2Vas
2Vhs
2%a
2%s
2Va»
2%s
2Via„
2%s
2%s
2V«s—
the Week
Mar. 17
Low
High
*108.18
103.8
<■103.6
1951-1964
2%S_
Law
Sales for
Friday
Mar. 16
High
*103.6
*103.6
103.8-
1951-1959
1955*1860
110.9
Thursday
Mar. 15
2%«—
__
Sep
*100
1950- 1952
*100.17
*100.16
100.19
*100
*100
*100
!
10~0~18
*100.16
100JL8
*100.16
2s.
1951- 1953
*101.3
101.5
*101.3
101.5
*101.3
101.5
*101.3
101.5
*101.3
101.5
*101.3
101.5
2s
2s
1951- 1955
*101.9
101.11
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
-Jun
1952- 1954
*101.15
101.17
*101.14
101.16
*101.13
101.15
*101.13
101.15
*101.14
101.16
*101.14
101.16
2s
—Dec
1952- 1954
*101.24
101.26
*101.23
101.25
*101.23
101.25
*101.22
101.24
*101.23
101.25
*101.23
101.25
1953- 1955
*103,10
103.13
*103.10
103.13
*103.9
103.12
*103.9
103.12
•103.9
103.12
*103.9
103.12
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
2s
l%s_.
International
1950
Bank
Reconstruction &
10l7
*103.6
Low
High
SALE PRICES
Wednesday
3s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Feb
Mar. it
2%a
Treasury
101.8
Tuesday
Low
High
Low!
EXCHANGE
I03.2& Dec
108.13
Mar. J1
NEW YORK STOCK
-
•
Monday
Mar. 13
Saturday
BONDS
for
Development
103.8
*103.4
103.8
*103.6
103.10
*103.6
103.10
*103.6
103.10
*103.6
103.10
*101.4
101.20
*101
101.8
*101
101.8
*101
101.12
*100.28
101.4
101.20
*101.4
101.20
*101
101.8
*101
101.8
*100.28
101.8
*100.28
101.4
*101.2
101.18
*101.2
101.18
*100.28
101.4
*100.28
101-4
*100.24
101.4
*1
*100.28
101.12
*100.28
101.12
*100.16
101
*100.16
101
*100.12
100.24
*100.8
*100.8 :
101.24
*100.8
101.24
*100
100.16
*100
100.16
*99.28
100.12
*99.24
*99.20
100.4
99.24
*93.28
99.28
2s serials of '50 due Feb 15 1959
*98.24
2s serials of '50 due Feb 15 1960
*98.87
2s serials of '50 due Feb 15 1961
9
101.20
2s serials of '50 due Feb 15 1958
103.18 Jan
16
*101.4
2s serials of '50 due Feb 15 1957
Feb
*103.4
2s serials of '50 due Feb 15 1956
Dec
*101.4
2s serials of '50 due Feb 15 1955
103.16
Jan
1972
2s serials oi '50 due Feb 15 1953
2s serials of '50 due Feb 15 1954
99.11
*97.20
25-year 3s
2s serials of '50 due Feb 15 1962
•Bid
asked
and
No
price.
sales
transacted
this
day.
1 Called
for
redemption:
.
New York
-
Ste.ek Exchange.
Last
.•
Period
or
Sale Price
-
*99.12
99.28
*99.12
99.28
*99.8
99.8
*98.24
99.8
*98.16
99
*98.16
99
*98.12
98.28
*98.12
98.24
93.24
*98.8
98.24
*98.4
98.20
*98.4
98.20
*98
98.16
*98
98.12
98.4
♦97.20
98.4
*97.16
93
*97.16
98
*97.12
97.28
*97.12
97.24
*96.24
97.8
*96.24
97.8
*96.24
97.8
*96.20
97
97.12
FOR
WEEK
ENDED
97.12
*96.28
March
15
at
100.
Odd lot transaction,
a
-Bid A Asked
Low
MARCH- 17
Friday
High,
Range Since
BONDS
Interest
New York Stock Exchange
Period
Sale Price
,
No.
Low
109hi
el09
109%
High
21
108%
10925
■
8%s series No. 12—
series No. A*
3%s series No. 16
*8%8 series No. 17vl%3 series No. 18_
3%s series No. 19
Foreign Securities
-»%■ series No. 20—
l%s series No. 22
.
.
~3%s series No. 26—-—
Teletype
Broadway, New York
NY
3%s series No. 27
1-1693
8%s series No. 29
3%a series No. 30
Brisbane
(City) sinking fund 5s 1957——MOr-Sept
Sinking fund gold 5s 1958
Feb-Aug
Foreign Government and Municipal
AExternal sec sink fund 7s 2nd
ser
AExternal
ser
sec
Jan-July
s
f
reduced to
AExternal
s
f
Plan
3.375% )
6y2s of
to
reduced to 3.375% )
*52%
54%
*52%
55
3
46%
52%
'
,
46 Vs
52 Va
47
52%
46%
*52%
51Va
'
*52%
40
46 Va
39
103
103 Vs
103
Feb-A up
40
42
103%
4
49%
35
40
102%
104%
102
103 Va
103%
158
97 %
97%
98%
63
94%
93%
97
96%
97
13
94 %
97
94%
94%
94%
77
88%
94%
94%
94%
94%
29
90
95 %
Feb-Aug
93%
92%
93%
42
89%
93%
106 »/4 106 %
21
106
115% 116%
12
115%
June-Dec
115%
84
April-Ocf
1957
63 %
*76
—
1957
April-Ocf
(interest
53%
1
75
—
June-Dec
58%
57
12
82
1978
—
53
58%
73
76%
57
2
53
84
1
76
7
57
51%
57
57
57
57
>
June-Dec
70
70%
3
67%
June-Dec
63%
70
3
65%
70
June-Dec
;
69
71
10
65%
see
68%
71
14
65%
71
65%
68%
73
73
67%
75
June-Dec
page 27
—
*70
«,
'
—~
66
67
70
*67
;
*6.7%
70
*57
——
70
68
63 Va
•
*66%
67%
— —
69
-Tt-
64
a 6s
68
64 %
66
*63
65
65
*65%
-
__
-
66
*63
65
*68
sinking fund 6s Sept 1961
assented
a 6s
assented
Sept 1961
AExternal sinking fund 6s 1962
1962
For
104%
3
101%
104 y4
103%
103% 104%
24
101 Va
104 y4
7
101
101 Va
18
35
101 &
101
40
38%
40
102%
21
101%
102%
107'/*
43
107
107%
102% 102%
21
102%
103
107
,
*58
40
—
38%
*42%
35
40
36%
15
40
40
28%
*32
*42%
.
>•
f
31
36%
40
31%
31 Va
31%
8
28%
41
41
2
36%
28%
31 Va
*42 %
36%
40
*32
31%
10
—
—
—
—
—
-T
28%
30%
28
30
*42%
*32
Institutions
SECURITIES
FOREIGN SECURITIES SPECIALISTS
*70
June-Dec
_June-Dec
•
.
„
73
75
73
1
73
75
41
Broad
St.,
31%
....
28%
FIRM TRADING MARKETS
50
41
*32
31 V8
Telephone HAnover 2-0050
40
101 % 101%
107 y4
*42 Va
FOREIGN
65
103
Mar-Sept
Mar-Sept
April-Oct
April-Ocf
Financial
66
103
Jan-July
assented Jan 1961
A6s
68
68
*66%
70%
'
For footnotes
•
71
—June-Dec
.
66
67
65%
>
_
c£5lm£rs3i-c2- inc.
15
(Plan B)—-
3%s series No. 1
:
65%
64%
■
*66%
*68
66
66
3%s series No. 7
66
84
63
3%s series No. 8
67%
65
69
*66%
_Feb-Aug
Feb-Aug
ARy external sinking fund 6s Jan 1961__Jan-July
AExternal
68%
64%
■
*67
AExternal sinking fund 6s Feb 1961
A 6s assented Feb 1961
>
57
84
66
3%s series No. 5
63%
2
67%
67%
76
57
--
June-Dec
3%s series NOt4_
67
68
(interest
funding bonds of 1931 due 1951.
Stamped pursuant to Plan A (interest
reduced to 3.375%) 1979
Aprll-Oct
3%s series No. 2
.
*66%
April-Oct
_ApriZ-Oct
1960
66
66%
-
•
*66%
May-No®
63%
6%
8%s series No. 3
assented
75
65%
84
55%
73
11
—
*76%
—
_April-Oct
External dollar bonds of 1944
a 6s
75
67%
(interest
1919
(Central Ry) 1952—
Stamped pursuant to Plan A
5 A7s assented 1942
AExternal sinking fund 6s I960—,
69 y2
1
High
63 Mi
(interest
June-Dec
a
84
62
84
Aprll-Oct
A
s
3
12
116%
June-Dec
a
30-yr 3s
Jan
107%
Jan-July
A7s
reduced 3.5%)
52%
June-Dec
due
Plan
52%
Jan-July
1979
1927
Stamped pursuant
51
June-Dec
eVas of 1926 due
to
52%
46 %
June-Dec
external 8s 1941
Stamped pursuant
52%
103 Vs
.
10-year 3 Vis 1957
20-year 3%s 1967
20-year 3%s 1966—
15-year 3%s 1962
Belgium (Kingdom of) 6s 1955_
External sinking fund 7s 1955
AExternal
94%
46%
'
June-Dec
10-year 3y4s 1956
pursuant to Plan
reduced to 3.5%) 1978
75
71%
93%
55
*52%
*52 %
1957_April-Ocf
30-year 3s s f $ bonds 1978
external 5s 1958
Australia (Commonwealth) 5s 1955
Stamped
75
71%
'
sink fund 7s 3rd
oi)
1
75
——
*95
1957^ April-Ocf
Antwerp (City)
iABrazil (U S
75
*75
f $ bonds 1978.Jan-Julp
Canada (Dominion of) 4s 1960
April-Ocf
25-year 3 Vis 1961
Jan-July
25-year 2%s 1974
Mar-Sept
A Carlsbad (City)
8s 1954
Jan-July
Cauca. Val (Dept of) 30-yr 3s s f $ bds 1978_Jan-July
5 a Chile (Republic) external s f 7s 1942
May-No®
Caldas (Dept of)
75
:
Low
No.
75
*68
June-Dec
Sinking fund gold 6s 1950
Agricultural Mortgage Bank (Colombia) —
f AGuaranteed sinking fund 6s 1947
Feb-Aug
AQuaranteed sinking fund 6s 1948
April-Oct
Akersbus (Kingdom of Norway) 4s 1968
Mar-Sept
jAAntioquia (Dept) collateral 7s A 1945
Jan-July
SAExternal sinking fund 7s ser B 1945—Jan-July
SAExternal sinking fund 7s ser C 1945—Jan-July
SAExternal sinking fund 7s ser D 1945-Jan-July
AExternal sinking fund 7s 1st ser 1957—April-Oct
Range Since
r
Sold
*68%
June-Dec
June-Dec
June-Dec
S%s series No. 28
'
Beads
.
High
74%
June-Dec
—June-Dec
June-Dec
June-Dec
June-Dec
series No. 25_
Wertheim & Co.
120
———:
.8 Vis series-No. 21_
8%s series No. 23
"S%s series No. 24
REctor 2-2300
Friday's
*68%
June-Dec
June-Dec
June-Dec
June-Dec
June-Dec.
June-Dec
June-Dec
June-Dec
T%e series No. 15
Members New York Stock Exchange
or
Bid & Asked
75
June-Dec
June-Dec
June-Dee
June-Dec
June-Dee
*—dune-Dec
3%s series No. 10
S%» series No. 11
T%s series No. 13—
Telephone
Week's Ranger
Low
8%s series No. 9
June-Dec
<•
Last
Jan. l
New York City
-
Registered bond transaction.
-Bends
Transit Unification Issue—
2%. Corporate Stock 1980—
r
Sold
Friday's,
100.16
100.4
100.4
Week's Rang*
-
100.28
*99.20
'
Treasury 2s March 1950-52,
RANGE
Friday
Interest
BONDS
*96.23
0.20
New York
4,
N. Y.
Teletype NY 1 -971
23
24
THE
(1164)
COMMERCIAL-&
FINANCIAL
CHRONICLE
Monday, March 20, 1950
NEW YORK BOND RECORD
RANGE
Friday
Interest
Last
Period
BONDS
Sale Price
,
New York Stock Exchange
FOR
WEEK
ENDED
Bonds
Friday
Jan. I
No.
High
■
Low
BONDS
New York Stock
May-Nov
Extl sink fund dollar bonds
A Chile
a
Mortgage Bank 6%s
6 Vis
assented
2-3s
1957
AGuaranteed
A6s
A7s
Consol
assented
AChinese
A6s Of
1928
Jan
31
36%
87
83 Vi
San
44
30 %
4 Vi
87
31 Vi
5%
79%
47%
48 Va
*51
47%
47%
A8s
48%
48%
A7s
Stamped
Serbs
Croats
11
77 Vi
90
ASilesia
85%
13
72%
87
A4%s
25%
27%
119
19 Vi
27 %
llOVi llOVi
109
2
114
(Dept of)—
30-year 3s sinking fund $ bonds 1978
Czechoslovakia
Stamped
(State)
Salvador
extl
3s extl
AEstonia
of)
51 Vi
12
98%
'99%
60
90%
95%
94%
95%
11
85%
96
91
73
75%
92%
,
.
90%*
'
'90%
50
55
•
oft
Jan
7s
1976
1
Jan-July
1976—-Jan-July
JanrJuly
ujan-July
1
'
„
1967
>76%
77
,*61 Vi
—.
.*10%
15
*9%
73%
63
.*53.Vi
1976
l
11
V
49 V
3%s
11%
10%
*75
56
56
75
79
68
87%
87%
87
*72 Vi
__
87Vi
__
Mar-Sept
74 %
67
85
80
85 %
85
__
loan
1968
Plan
to
2004—Jan-July
Jan-July
to
2012
April-Ocf
72%
67
73%
85%
82
85
72Vi
72%
66
72%
9%
10%
27
—
1962
__
..May-N0v
1958
7s
June-Dec
1958—:
9%
10%
27
9 %
14
11%
5
10%
14
7%
7%
8
95%
9514
2
7
9
92%
96%
134%
134 %
*126
__
*134%
__
*121
__
—
1979——
May-Nov
88
conversion
_May-Nov
1978—June-Dec
'91
readjustment
readjustment 1984
1978—Feb-Aug
Jan-July
conversion
14
9%
__
May-Nov
May-Nov
1937)
9%
11 %
__
June-Dec
readjustment
1979-.
86%
88
90%
91
43
92%
95
91%
38
__
95
14
% *__'
__
93
82%
92
86
92%
81%
2...
91
86%
95
80%
80%
80%
Cauca
Valley (Dept of)
(City) external 7s 1953
i3%
A4%s assented
;
72%
85%
__
_May-Nov
external
external
72%
__
A
2%)
87 %
%.
__
Cauca
A Warsaw
HV'4
—
59
.
Jan-July
1956
(dollar bond of
external
Del
See
62
53%
1
Jan-July
4.41/4-4%s external
a
57
(interest
1999
3%-4%-41^s external
76
-55%
.
A
sinking fund 6s I960
sinking fund 6s 1964
External
99%
Valle
f dollar bonds Jan
(Republic
50%
98%-
Feb-Aug
April-Oct
bonds
f dollar bonds Jan
s
50 Vi
Jan-June
1999
Plan
(Kingdom)
External
April-Oct
A
1962
assented
AExternal
—
dollar
s
3 Vis extl
40
to
4%s 1962
(Republic of)
f
s
35
146
Plan
Slovenes
3%-4-4Vis
(interest reduced
assented
External gold
4s
40
61%
__
*56
„
Sydney County Council 3Vis 1957——Jan-July
§ A Uruguay (Republic) external 8s 1946
Feb-Aug
—
6% ) extended to 1960
§ADenmark 20-year external 6s 1942
External gold 5Vis 1955
El
39%
40
to
external
(Prov
High
58
*67Vs
„
May -Nov
loan
dollar
&
AExternal
Jan-July
2.5% )
series B secured
89
Cundlnamarca
3
60
*59%
__
May-Nov
Jan-July
to
reduced
secured
85
26%
Low
—
pursuant
(Interest
■
89
58
Jan. I
No.
(interest
2012
water
external
48 Vi
14]
to
Range Since
Sold
*69
__
May-Nou
1957
A
1950
external
A6s
79 %
48 Vi
2%)
58
Bonds
High
(interest
pursuant to Plan A
(Interest reduced to 2.25%)
40%
45%
Range
Friday's
Stamped
*51
48 Vi
A
Plan
to
pursuant
reduced
A7s
*51
sinking fund dollar bonds 1970—April-Oct
SAColombia Mortgage Bank 6Vis 1947
April-Oct
§ ASinking fund 7s of 1926 due 1946
May-Nov
'§ASinking fund 7s of 1927 due 1947
Feb-Aug
Copenhagen (City) 5s 1952
June-Dec
25-year gold 4%s 1953
May-Nov
ACosta Rica (Republic of) 7s 1951
May-Nov
Cuba (Republic of) 4%s external 1977
June-Dec
to
(State of)
Stamped
87
78%
*33 Vi
3s ext
or
Bid & Asked
—
May-Nov
Plan
to
pursuant
external
40
28%
ApriZ-Oct
1952
1936
stamped pursuant
(interest reduced to 2.5%)
A8s
23%
5 Vi
Paulo
6s
39
1
Sale Price
1952——
8s
pursuant
Stamped
31%
■
6Vis
(City)
reduced to 2.375%)
2001
A6%s extl secured sinking fund
39
23%
2
31 %
28%
44
(City of)
Paulo
Stamped
reduced
39
*42 Vi
*4%
Jan-July
.
"2
31 Vi
~
April-Oct
1961
40
6-11
.June-Dec
Oct 1961
1927
of
■
Mar-Sept
A6s
32%
A Sao
rl
5lr-
31%
May-Nov
42 Vi
44
44
May-Nov
(Hukuang Ry) 5s 1951
(Republic of) —
Colombia
40
28 %
37%
31%
Mar-Sept
1960
32%
40
1
32%
?»i
*
April-Oct
1962
61
*42 Vi
Apnf-Oct
Municipal 7s 1960
31%
32 Vi
32%
June-Dec
1961
sinking fund 6s 1962
assented
32%
June-Dec
63/4S assented 1961
40
28%
26%
1
*42 Vi
June-Dec
AGuaranteed sinking fund 6s
A6s assented 1961
39
31 Vi
30%
32 >4
June-Doc
1957
42 Vi
31 V4
1993—June-Dec
ASinking fund 63/4S 1961
AChilean
*
May-Nov
Last
Teriod
Low
ARome
1963—
assented
Week's
Interest
Exchange
High
Chile
Atis
17
Range Since
Sold
or Friday's
Bid & Asked
Low
(Republic i cont
^External sinking fund 6s 1963
MARCH
Week's Range
Feb-Aug
1958—.
*7%
__
Feb-Aug
6'/a
12
6%
9
6%
10
6%
7%
Greek Government—
A 7s
participating paid 1964
A6s participating paid 1968Helsingfors (City) external 6V2S
Irish
Free
Italian
State
extl
(Republic)
sink
extl
5s
l-3s
1%
to
5 A 7s
3%
1977
9Vi
9%
9%
5
64
40%-
40
11%
62 %
2
64%
102
40%
.
40
116
'
103
48
36%
37%
36%
19
41%
61
36%
AExternal
7s
1%
3%
to
1977
62
AMedellin
(Colombia)
30-year 3s
Board
Waiter
5Vis
Mexican
6Vis
f $ bonds
s
Metropolitan
36%
37%
73
61 %
61%
1
61
63%
63%
1
62
1957—April-Oct
7s
11%
11%
15
1954
40
Jan-July
&
assented
40
41%
62
71
•
11%
.
46%
35
16
100
100
1
.
agreem't)
6 %
1968
—
6 Va
-
.
.
'
■
6%
i
,
—
agreem't)
1945__Quar-Jan
(1942 agree't)
11%
1963—Jan-July
*11%
ASmall
of
:
1904
(1922
A4s
5A4s
of
assented
agreement)
due
1954
1945
1
__
*11%
1968—Jan-July
6s of
agreement)
5%
9 %
44
~8%
~9%
new
1913
(assented
to
9 Va
9%
114
7%
9%
1922
1933
Jan-July
assented (1942
agree't)
1963—Jan-July
ASmall
6 Vis
(State)
1952
2.125%)
2008
sinking fund
Stamped pursuant
reduced
to
Plan
2.125%)
2008
A
*44%
*44
f
s
f
s
6s
A4Vis assented
Plan
35%
95%
*93
100
96 %
93%
Stamped pursuant
97%
1
93%
93 %
6
92
93 %
98
98
1
93
119'% 121%
797
115%
121%
100%
100% 100%
12
100%
100%
104Vi
104
104%
58
103%
104%
105
105
105%
37
105
105%
July 1995
—
Quar-Jan
95 %
95 %
1
95
95%
April-Oct
May-Nov
—
3%s
1963—:
consol
May-Nov
4s
July
1952—Mar-Sept
June-Dec
1966
Jan-July
2%)
103
90 %
*44
Mar-Sepf
Mar-Sepf
26
I960—June-Dec
26%
due
March
l
2000
—Mar-Sept
due
March
1
1996
Mar-Sept
(2%%
due
Dec
1
1995—
,-June-Dec
A
8
Jan-July
10
Jan-July
Plan
X
971%
1926
to
34%
7%
page
27
due
Dec
1995
1
Income
105
June-Dec
A
5%
Toledo
div
first
fixed &
Cincinnati
First
lien
mortgage
1%%
and
ser
82%
128%
128 % 128%
48
127
131%
120.
119% 120
14
119%
120%
103%
103% 103%
103'A
103
45
102%
104%
%._
104'% 104%
24
102%
105
101% 101%
2
101%
102%
__
3
104
103 >/»
104%
Consolidated
4s
Creek
M'4s
refunding
series
D
4s
44
44
of
Pa
series
5s
C
1960
Steel
34%
7
7%
8%
14%
_
3
8%
74
Va.
4
15V2
9
10
9'%
__
33 %
"I
52
34
May-Nov
58
35
■
—
50%
52%
37%
*37 %
35
53
AC
series
4*
86%
17
67%
71%
50
67%
71%
79 V 4
791%.
9
79%
81%
89 %
89%
3
89 %
89 %
2
A
50
17
1
54
58
mortgage
series
4s
ApriZ-Oct
April-Ocf
.w.—
*100'/.!
<*-
Feb-Aug
99%
89%
93
93
10
104%
100%
121%
122%
99 Va
99%
104
105
K
1979
7
100%
101%
101% 101%
2
101
101%
104% 104%
101%
-•
11
104
105
1011/2 101%
1967——
.
'
RR
82
Mar-Sept
May-Nov
Aprii-Oct
*102'%
<>
mortgage 2%s 1976
Jan-July
Buffalo Niagara Elee first mtge 2%s 1975-May-Nov
Buffalo Rochester & Pittsburgh Ry—
Stamped modified 4%s 1957
v
.May-Nov
*104
'
Co
first
4s
1952—
:
1955
5s
-April-Oct
Jan-July
April-Oct
1
81
83
102
__
102%
'
50%
*104%
General
82
■
90
—
72%
Terminal
4
99%
*104
--
51%
Consolidated
89%
100'/4
1211/2 121'/a
1960—_Jan-July
Bush
Terminal
Buildings
5s
gtd
1960
California
Electric Power first 3s 1976
California Oregon Power 3%s 1974—^
Canada Southern consol gtd 5s A 1962
National
—
—
72%
22
72
78
51%
21
49%
56%
105
104%
105%
104%
__
1051%
100% 100%
102%
65
2
100%
102
102% 102%
7
102%
103%
63
65%
*102
99%
102'%
99%
99 %
38
63
102
69
1021/4
4
98
100
106
--
1
106
106
106
42 %
Guaranteed
45
Guaranteed
gold
4%s
gold
4'/2s
Guaranteed
gold
31%
31%
50
48Vi
50
Canadian
4%
34%
35 Vi
34
34
Pacific
conv
*1031% 105
May-Nov
ApriZ-Oct
■
*104'%
103%
4%s
104%
100
104 %
6
1957
___Jan-July
1955—
1956—
June-Dec
:
4%s 1951——
Feb-Aug
Mar-Sept
_
113%
7
115%
116 Va
113% 113%
3
US'/a
114 Va
113% 113%
2
113%
—
114
104
104 %
25
104
105
102 Va
103
75
100%
103%
84
76
74
85%
164
83
106'/4
Ry—
debenture
debs series
105
1041/2
.
103% 103 %
115'% 115 %
—
stock
(perpetual)
Jan-July
102 Va
Capital Airlines, Inc—
4s
37
gold
June-Dec
Ry—
idjS Kb
36
*35 Vi
*33%
79%
mortgage 4%s series A July 1970—May-ZVou
ABreda (Ernesto) Co 7s 1954
Feb-Aug
Bristol-Myers Co 3s debentures 1968—
April-Oct
Brooklyn Union Gas 4s debentures 1969—Mar-Sept
Guaranteed
A
June-Dec
series
3s
43 %
—
*45
*31%
89%
00 01
72
Canadian
*43%
53%
85%
86%
46 %
32
74%
49%
•
39
44 %
69%
115
289
C
35
(interest
Plan
7
9%
71/2
64%
64%
52
AInc
13
65%
59%
59%
RR—
mortgage
8%
60
71
47
1961-May-Nov
mortgage 5S"series II 1955
mortgage 4%s series JJ 1961
Bush
1966
Maine
First
35%
34
mortgage
&
First
10
101
64%
64
72 %
Jan-July
Boston
First
13 %
64%
62%
63
511/8
Jan-July
May-A'ou
26%
26%
63
64
63%
70%
mortgage 2%s series I 1970
Consol mortgage 2%s series J 1976
26%
22 %
64. %
Corp—
22
50
93
51%
Jan-July
1951
Consol
7%
*46
94
92%
72
1985_Jan-July
1951
3%s
22 Va
*32%
Feb-Aug
88%
53
Jan-July
first
2%s debs
3%s sinking fund debentures 1964
Bethlehem
First
52
106
1980_Jan-July
1951
Extension
Telephone
8%
7%
89%
93% ' 94%
division
ref
stamped
Beech
8%
7%
89
94%
Bangor & Aroostook RR—
5
10
89%
*
conting int)
19
(interest
2004
'
79
80
May-Nou
2010
1
60
Jan-July
June-Dec
to
76'/a
3
May
;
Feb
16
38 V
April-Ocf
(interest
to
(interest reduced to 2.25%)
103%
A
;
due
79
84
6%
contingent interesti —
mortgage
3%%
J
26%
*35
Feb-Aug
2.25%) 2004
stamped pursuant
93
31
—
Jan-July
1946
Plan
103
83%
A
.
of
and
(3%%
8%
*14
April-Oct
1950
2012
pursuant
general
S'western
7%
April-Ocf
A
__
103
Virginia—
8^4
April-Oct
1
Plan
and
26%
26
April-Ocf
April-OcJ
Stamped pursuant to Plan A (interest
,;
reduced to 2.5% ) 1999
April-Ocf
A6s external
sinking fund gold 1968
June-Dec
Stamped pursuant to Plan A (interest
reduced to 2%) 2012
June-Dec
see
K
26%
26
26%
to
__
—
*34%
26%
1961
Plan
34
103% 106
series
to
90%
(State of)—
loan
G
Series M
Beneficial Industrial Loan
■•102
series
to
79
*81
__
April-Oct
Fe—
Pittsburgh Like Erie & West
Refunding 4s series A 1980
99 Va
1st
5A8s external loan of 1921
footnotes
121%
101 %
Air Line Ry—
first
)A4%s convertible
98
97%
(interest
gold 6s 1940—
1968
Stamped pursuant
F'or
1
99
Feb-Aug
1959
reduced to 2.375%) 2001
AExternal secured 6Vi% 1953
1967
35%
April-Oct
(interest reduced to 2.375%) 2001
7Vis 1966 stamped pursuant to Plan
(Interest reduced to 2.25%) 2006
JARio de Janeiro (City of) 8s 1946—
7a
June-Dec
Consol
A
Alegre (City of) —
1961
stamped pursuant
reduced
Coast
fixed
99V4
1958
assented
external
—
32
Mar-Sept
fund gold 8s
A4Vis assented 1963
Stamped
—
96%
May-Nov
AExternal sinking
A7s
—
34%
47
—__April-Oct
fAStabilization loan sink fund 7s
1947—April-Ocf
.
33
33
2nd
6s
(Republic of)
Sul
106%
Series
—
—
—
2.125%) 2008
(Republic of) external 7s
to
—
Mar-Sept
reduced to
reduced
105%
Series
,;
Bell
Stamped pursuant to
Rio Grande do
113%
19
mortgage 4s series A July 1975
April-Oct
First
mortgage 5% series b (4% fixed
and 1% contingent interesti
July 1975_April-Oct
13%
61%
99
June-Dec
External secured ref 3Vis series B
1967—Mar-Sept
jAPernambuco (State of) 7s 1947
8s
109%
105%
First
131/4
11V4
57
99
AStamped assented 5s 1963
Stamped mod 3 Vis ext to 1994
Porto
—
35%
--
35%
93s
sinking fund external 1957
April-Oct
Municipar'Bank extl sink fund 5s 1970—June-Dec
(City) sinking fund 4Vis 1955
April-Oct
A4 Vis
2
99%
3Vis
extl
113
99
Mav-Nov
Oslo
loan
mortgage
Series
Mar-Sepf
(Kingdom) 33/4S 1957
(Kingdom of) 4Vis 1956
External sinking fund 4Vis 1965
4s sinking fund external loan
1963
ANat
58
(interest
Norway
ANat loan extl
13 %
*35%
1959—Mar-Sepf
Netherlands
5APoland
39
421
105
Baltimore & Ohio RR—
Ref
Mar-Sepf
6 Vis
to
(Republic)
12
13 Va
58
April-Oct
extl sinking fund 6s 1958
Mar-Sept
Stamped pursuant to Plan A (interest
ASecured extl
101% 102%
1966
—
ASecured
reduced to
First
100%
Refunding and general mortgage 5% (2%
fixed
and
3%
contingent interest) —
*13%
13 Vi
(City of)
Minas Geraes
,
4s
Santa
& Charlotte
99%
111% 113%
1995—
4s
97%
110%
14
9974 100
B
—
APeru
gold
Topeka &
96%
107%
6 Va
ASmall
Panama
first
Products Co 5s
29
407
113%
9%
12
101%
97%
Feb-Aug
1962—ApriZ-Oct
3s
General unified 4%s A 1964—
Atlantic Refining 2s/aS debentures
6"%
99%
9
96
109% 110%
__
———April-Ocf
Atlantic
~9%
1963—Jan-July
9%
t A Treasury
A Milan
debenture
111/4
~5%
100%
101%
Jan-July
(1942 agree't)
ASmall
A6s
Arbor
W
P
Co
1969—
11
9%
0%
99%
agree¬
—
assented
new
A
67
106%
1959—
1971————
Tobacco
100%
89%
June-Dec
n Va
ASmall
A4s
debentures
debentures
95%
101
June-Dec
1957
debentures
3s
96%
110%
——June-Dec
debentures
1973
io
9%
June-Dec
(1942 agree't)
(assented to 1922
1910
ment)
1987
convertible
97
June-Dec
April-Oct
11
11%
to
assented
new
—Jan-July
1961
93%
100 %
100% 100%
1986
debentures
Atlanta
assented
ALarge
A4s
100%
debentures
1982
100%
245
99% 100%
Stamped 4s July 1 1995
ASmall
new
■' 99%
General
ALarge
A5s
Feb-Aug
April-Oct
Atchison
—
(1922
96
1975
Ann
—
94%
78%
1
*100% 101%
__
95%
1980
2%s
;•
74
104 %
17
94
deductions
American
r~
Quar-Jan
"—V
93%
debentures
2%s convertible
'
—„
78%
100% 100%
__
—
Bosch
2%s debentures
2%s debentures
—
...
June-Dec
104%
106%- 107
103%
*75%
__
Mar-Sept
107
*103%
__
1998—-— April-Oct
1966
104%
107
April-Ocf
1956
*104
2%s
40
101
~5%
5
1975
.
2%s
15
ASmall
assented
4%s
*58
—
2%s
2%s
.
§A5s
RR
COMPANIES
__
1967—May-ZVou
3Vis 1972_Jan-July
mortgage
3%s debentures
1968__Jan-July
April-Oct
3%s
3%s convertible
(Republic of) —
§A5s of 1899 due 1945—_—v
_
first
INDUSTRIAL
Corp 3%s s f debs 1964—May-ZVoo
American & Foreign Power deb 5s
2030—_Mar-Sept
American Telephone &
Telegraph Co—
>
(1942
Power
AND
1952
7s
& Western 1st gtd 4s
Allis-Chalmers Mfg 2s debentures
Airlines 3s debentures
52%
A
Co
Southern
Alleghany
1943—Mav-Nou
Mexico
ALarge
36%
54
39
100
April-Oct
Irrigation—
Great
American
Drainage
1950
ASmall
*52%
June-Dec
1978
Sewerage
§A4Vis assented (1922 agreement)
A4Vis small 1943
1
ANew
36%
Jan-July
Jan-July
Adriatic Electric
American
__June-Dec
1952
A
Alabama
Alabama
Works
1947
RAILROAD
Albany & Susquehanna
Utility—
Credit Institute
j
,
64
Jan-July
Mar-Sept
B
'
'100%
Jan-July
1977
series
Public
Altaly (Kingdom of) 7s 1951
AJugoslavia (State Mtge Bank)
/j.
—
1960—May-Nou
Italian Credit Consortium for Public
Italian
iFeb-Aug
April-Oct
1960
fund
f
s
■
May-Nou
A
1960
4s conv inc debs series
B
1960
Mar-Sept
Mar-Sepf
83
104%
83
103
105%
Volume 171
Number 4891
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1165)
25
NEW YORK BOND RECORD
RANGE
Friday
BONDS
New York Stock
Interest
or
Sale Price
Range
Friday's
Bonds
Bid & Asked
Low
Carolina Clinchfield & Oho 4s 1965
Mar-Sept
of Georgia Ry—
mortgage series A
AGen
1995_i
General
■
Central
First
York
Pacific Ry
and
Low
2020___May
41V2
Jan-July
April -Oct
series A
105 Ve
May
107
•Denver & Rio
108
58
12
1
59i%
104'%
1
100%
I
103
Denver
87
64
k
89
'63
59
67'%
6
40
48
421/4
46%
105% 105 V4
28
105Ve
105%
103
104
Detroit Tol & Ironton RR 2%s ser B
103%
104
Dow
102'%
103
Duquesne Light
104
General
consolidated
gold
4s
15
132 >/4
132'/4 132%
and
refunding
AGeneral
First
4Vis
inc
mortgage
mortgage
3%s
series
B
Chicago & Erie 1st gold 5s 1982
Chicago Gt West first 4s series
1997
inc mortgage 4 Vis Jan
Chicago Ind & Louisville Ry—
Jan-July
40%
1
East Tenn Va
12Q3/4
Edison El 111
114
114
First
series
and
refunding 4Vis
Cincinnati Gas & Elec
First
F
1963
1st
series
D
Cincinnati
First
Union
gtd
debentures
gold
5s
series
E
B
&
St
First
First
First
Union
4Vis
&
Colorado
49%
92%
Fuel
&
3%s
Gas
Iron
debentures
Columbia Gas
3'/4s
coll
debentures March
debentures
South
&
Toledo
Commonwealth
Edison
66
Elec
55%
53 i/s
541/2
208
50%
56
87
90
90
SO
3s
series
•
101
101%
1
2
103'%
103%
«
1
102%
1033/4
21
79i%
85
76
80
82%
■
76
103
103
First
and
N
105%
and
104%
4
103
ser
5s
gold
103
104
105% 105%
"1031/2 104
16
100 »/2
106
103'%
1041/4
£
3
110'%
102%
100% 101
35
100'%
6
83%
96
87'%
78%
78%
"—
663/8
61
65'%
106%
60%
61
44
63V4
&
Hudson
York
refund
AIncome
mortgage
Morris
Essex
Collateral
Delaware
First
87
First
For
&
&
due
1965
Hudson
Light
May
3s
1973
Jan-July
,74%
46
see
page
85
871/2
104%
63'%
62'%
&
3s
2044
*91'%
102
1969
106'%
1043/4 .1041/4
10
1
108'/a .108%
107% 107%
2
107%
104'A
105%
105%
2%s 1979
sink fund
5s
5s
April
104% 104%
"102
102'/
—
105%
A
15
106% 106%
4
106%
107%
128
8
1253/b
129
124% 125
5
122'/a
125
1013/4
1011/4 1013/4
8
100'/a
102
1001/4
100'A 1001/4
16
100
1023/4
5
*65
*7%
103
104'%
104'%
*753%
1051/4
1,154
1053/4 105%
65
3
103
104W" 106
5
94
,'92'A
86'A
1
30i%
3012
9
35 V
351/4
26
1
First
67'%
*—
—
67 |
1|
O O J?
100
104%
104%
99%
91
'A
91'%
100%
127 3/2
1281/4
16
99%
100%
28
893%
93
130
100'% 100'%
91'%
69 %
67%
70
340
63
70
38%
34'%
40'%
1,536
27
40%
102% 102%
19
89
32»%
351/4
351/4/.;,
A
>•*
'
'
(
1031/4
106%
105
105
108
108
102
104
1011/2
104
1953_
May-Nou
■
105'/4
Feb-Aug
104%
1013/2
gpld 3s. 1951
gold 3s 1951
Term
1951
100%
101
refunding 4'%s series.C
103%
1033/2
106
102%
104 >/4 1041/4
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4
102%
104 'A
105%
106%
108
933%
96%
101'/a
1013/4
100%
100%
94
74
95
1021/4 102'/4
"l
1023/4
102%
101% 1013/8
1
100%
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100%
101
101%
101%
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102%
102%
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1023/4
1021/4
79
304
106
42
100%
101%
*101%
—
*100%
104%
101
104
—
104%
100% 101
'*951/4
961/2
94
"98'/2
991/2
98%
4s series D 1963_June-Dec
Ry 4s series A 1970—Jan-July
Iowa
first
gold 4s
1950-Jan-JuZy
6s
series
A
1952—
Jan-JuZy
April-Oct
Adjustments 6 series A July 1952
5s
series
B
19.56--,6s
-...Jan-July
Jan-July
1944_April-Oct
5s B
AFirst
gold' 5s series C
SAInternational Hydro-Elec
"Inter
103%
6
1051/4
*101
Feb-Aug
1963_June-Dec
2
105
*100 3/2 102%
Jan-July
Jan-July
Feb-Aug
z—Jan-July
—Jan-July
1951_Jan-July
—Feb-Aug
r_.i
_•—
—
1956-
deb
Rys" Central America first
/
*101
94%
June-Dec
first
-
*102% 1021/2
May-Nou
1
1
-
103% 103%
April-Oct
__May-Noo
104
*100%
__—.—Jan-July
>
first
*107'/2
refund "mortgage
AFirst
.
102%
106%
*100'/a 100'A
—
*933/2100'A
—
97%
993/2
1003/4
100
933/e
88
85%
88%
86
40
39
403/2
2b*
32%
81
82 3/2
80
96
88 Va
81%
75
40%
*
82%
82'/2
82 3/3
2
75
82%
61'A
61 %
613/2
36
61
61 '/a
1972_May-Noo
96
96
96
4
96
1959_June-Dec
74
74
l?
r
—
100
?.*«%.
103%
Jersey Central Power & Light 2%s
73
*102
102 3/2
June-Dec
*103
10J%
June-Dec
73
76%
*105
1976—Mar-Sept
1021%
103 Va
303%
103%
.
104
46
104%
93%.
59%
81
88
67
Div
3'%s
AFirst
727%/ 321%.
102'%
*103 3/2 1043/2
*105% 1063%
791%
103%
U2
Terminal
86i%
2
'
K
59'%
63'/a
27
65%
68'%
107 '/a
107'%
105
105
106
&
Mich
first
gtd gold
Kansas City Power & Light 2%s
1st
mortgage
Kansas
April-Oct
gold 4s
Division
Kanawha
2042—May-Nov
33
*99% 100'%
*__
Indianapolis Union Ry CoRefunding and imp 2'%s series C 1986—June-Dec
{International Great Northern RR—
i
49%
*
61
85
100%
Jamestown Franklin & Clear first 4s
*102% 1033%
963%
:
1952
5S 1955—'
4%"s 1966
Indiana Illinois -&
'
34 v%
83
3'%s
Bridge gold 4s 1950
and
First
951/4
3iya\
lines
Registered
/
Illinois
33%.
—.
,
1
1031%
47%
"i
t,,1013/2
105
Illinois Central and Chicago St L & N O—
Joint first refund 5s series A 1963
June-Dec
1, :i2T'/8
103 v 104
102%
52
,
103%
115
1
34
60%
1041%
75
77
*35
Gold
99%\ioay®
1021%
Div
May-Nov
103
1033/2
June-Dec
Springfield Division first gold 3'%s
Western Lines first gold 4s 1951
105'%i106%
1973_May-Nov
102%
9
*101
Omaha
4,02%
35
v
1193/4 127'%
953V
1
103
100
Mar-Sept
vSt Louis Div~and
104'% .106
*341/2
957
_9
63%-651/4
65
'__April-Oct
102'%
101
11
II
"73/2
8'%
102% 102%
1981_Jan-July
1978
gold 3s 1951
Louisville Div & Term gold 3'%s 1953
105'%
1041/2 105
5
863%
35
97%
II
70
103% 103%
—.Jan-July
...Jan-July
Collateral trust
1011%
i
102
34
30'%
87V4
96
*101'/a
Litchfield
20
94
95%
85
943%
Feb-Aug
—
107
,
1
*50' ;
94
85
68
$
103
123%
*104
Cairo
102 '/4 102 3/4
103
923%
103
125
mortgage
107%
1043/4
"103%
1053/4
102
Central RR—
106%
101
v
105%
106 3/4 106%
125%
12
April-Oct
1957
Telephone 2%s series A
Purchased
107%
991/4
93%
103'% 1031/4
105
90'A
92
1021/4
"II
l962_June-Dec
A
ser
1957-
mortgage. 3s series B
107
52
"105% 107
/
103
June-Dec
income 5s Feb
Debenture
107Va
e
693a
60
60
1021/2
Jan-July
1
gold 4s 1951—
First
gold 3 '%'s
1951
Extended fir'St gold 3'%s 1951
First gold 3s sterling 1951
Collateral trust
gold 4s 1952—!
Refunding 4s 1955—'——
.1
1053%
105%
"101
103
59
128
4%-4%s series- A 1979_May-Nou
Consol mortgage 5%-3%s series B 1979—May-Nou
Consol
mortgage 3%S series C 1974—_May-Nou
;
104%
"104 7
104%
906
"103
Jan-July
^..May-Nov
April-Oct
1976
1978
Manhattan first
Bell
Consol
100%
104% 104%
107
a
I
78
1061/4 1081/4
1073/2
69 3
1033/4
1011/2
20
—
100
"1051/2 106 3%
April-Oct
C
105%
„
Feb
1959—April-Oct
t\
100'%
—
Co—
mortgage and coll trust 3Vis 1977.June-Dec
mortgage and coll trust 2%s 1979_Jan-July
footnotes
debentures
first M 2%s
first
Coal
Illinois
"100%
June-Dec
1963_:.—May-Nov
Western
series
1993-
4-6s
1
1033/4 103%
Water first mtge 2%s 1976—Mar-Sept
Hocking Valley Ry first- 4'%s 1999_
..Jan-July
Household Finance Corp 2%s 1970—
Jan-July
107'%
Jan-July
Western RR
5s
87%
853/4
"102%
69%
Hackensack
107%
993/4
division
trust
Power
M
85
H
62
First
Jan-July
extended
Lackawanna
and
&
4s
1
*100
:-Feb
inc 4s series B Jan
trust 3%s 1968—
mortgage
Illinois
7-3
Jan-July
A
108'%
73
Jan-July
Jan-JuZy
.—
mtge
mortgage
106'A
*101
Lackawanna &
3s
ctfs
66%
57
106%
3/4 100
*105
Delaware
debenture
certificates B
debentures.
107%
June-Dec
First
First
105'i%
June-Dec
Delaware
1976
2%s series P
West
Gulf States Util
,
1073%
,
debentures
971/2
85
85 3/4
refunding 4s series B 1975
AAdjusted
First
mortgage
3s .1978
First mortgage 3 series A 1978_
Dayton Union Ry 3'As series B 1965
2%s
97%
85
791/4
82
8
86'%
106% 1061/4
"99
Jan-July
Jan-July
1973
D
98%
106%
April-Oct
.
New
&
Collateral
96
87%
75
66%
1975_Aprll-Oct
Co
70%
36
65%
64'%
Jan-July
General mtge inc 5s series A July 2015_Jan-July
First and refunding 3%s series D 1969—April-Oct
102
■
98%
100'A
"82%
1952.
B
C
series
Corp
First and
1031/4.
"96
mtge 2%s
&
Bay
Greyhound
'
110'A
1
•
Deere
63%
—
94'%
106
1952
first
110%
-_
Gulf Mobile &"Ohio RR—
1033/4 103V'4
87%
series
series
ADebenture
104
D
Lt
104 '/a
106'/4
—
*80%
12
deposit receipts 1946_June-Dec
deposit receipts 1946
June-Dec
Power. &
110%
1041/4
1982—,—Jan-July
AGreen
—
'
Dayton
110'/a
'
mortgage 2%s series Q. 2010
Jan-July
General mortgage 2'As series R 1961—Jan-July
14
A
101'
*971% 102
196l%May-Nov
mtge'2%s
mortgage
11
1982_Mar-Sept
B 1977_ApnZ-Oct
receipts
B
65
Mar-Sept
General
108Vb 108 %
A
101
104
107% 108 3%
May-Nov
mortgage 3>%s series N- 1990
mortgage 3'/8S series O 2000
106 % 106'A
1975—_Mar-Sepf
Continental Baking 3s %'ebentures
1965__^Jan-July
Cruible Steel Co of Am 1st
mtge 3 'As 1966_May-Nov
§ACuba Northern Ry first 5'As 1942
June-Dec
§ A Deposit receipts
J
June-Dec
first
1961
General
104
3
IIO14 IIO1/4
~r
5'%s
106% 107
First and refund mtge 3s series E
1979_Jan-July
3s convertible debentures 1963
June-Dec
Consolidated Natural Gas 2%s 1968—
April-Oct
Consumers Power first mtge 2%s
series
3s debs
4'%s
108'a
mtge 2%s ser
mtge 2%s ser C 1972—June-Dec
First and refunding 3s series D 1972
May-ZVou
§ADeposit
Rubber
5s
106 3/b
Feb-Aug
100%
103
101
5
*152
1971_Mar-Sept
3'As
General
106%
—
37
1953_Mar-Sept
General
106'%
103%
"102'/4
refund
series
General
»
1978
refund
First
series H
mortgage
F). Co first
Ry Co—
'
Consolidated Cigar Corp 3 Vis 1965
Consolidated Edison of New York—
2%s
*110'%
General
103% 103%
•
mtge
2s
General
84'%
"70
"105'% 106%
3s
debentures 1999
ApriZ-Oct
Conn Ry & Lt 1st and ref 4V2S 1951-'
Jan-July
River Pwr sink fund 3%s A 1961—Feb-Aug
refund
100% 101
103 3% 103'%
Northern
April-Oct
:
96 »/2
*108 '/a
and
Goodrich; (B
103'% 103'%
Conn
§A6s
15
.
April-Oct
1977—_
104%
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G
.1031% 103%
1955_Feb-Aug
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102 3/2
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Jan-July
General Realty & Utilities Corp—
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i
Great
_Feb-Aug
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;
L
2000
60
1964—April-Oct
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.
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series
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mortgage
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§A7'As
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54
58 %
.April-Oct
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first
First
RR
102%
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57
Tire. &
Refunding
mortgage
ACuba
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54
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Ohio
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East .Coast
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&
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89
..
1973—
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First
14
'
May-Nov
4s
117%
671/4
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first. 4'%s 1959
—June-Dec <
refunding 5s series A 1974—Mar-Sept
A Certificates of
deposit-^
Mar-Sept
Francisco Sugar collateral trust 6s 1956—May-Nov
45%' '50%
System Inc—
3s
Columbus
11
!
1971
debentures
Columbus
93
{Florida
1
trust
1965
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first
1st
Corp—
and
Electric
&
18
i
Hudson
Ry—
modified)
1980
103»/2
112%
F
62
1950
,
101%
104 "2
104
Mar-Sept
April-Oct
1970
84 3%
Firestone
June-Dec
Co—
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Feb-Aug
93
49
Southern
First mortgage
Columbia
Division
59'%
June-Dec
Terminals
(stamped
Ohio
2
June-Dec
guaranteed
first
mortgage
73%
Ry—
mortgage 5%s Series A 1972
mortgage 5s series B 1973—
mortgage 4 Vis series C 1977
Colorado
mtge
68
721/4.
60
June-Dec
Louis
6
Co—
consol
86'%
June-Dec
1993
1081/4
171
67 3/4
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'
consol
General
1993
3'As
Railroad
First
58 3/8
.^.April-Oct
Chic
4s
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&
stamped 1965
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series
115'% 117'%
107%
7
101% 102
117'%
April-Oct
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First consol mortgage 3'As series E 1964_April-Oci
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Jan-July
(
681/2
Feb-Aug
1966
102
Georgia div first 5s 1956_May-Nou
(N Y) first cons gold 5s 1995_Jan-July
42
,.73%
1969—Feb-Aug
1961
93%
91
104%
&
36
3
Feb-Aug
Cleveland Short Line first gtd 4'As
1961—April-Oct
Cleveland
109%
101
.
First mortgage 3s 1982
Cleveland & Pittsburgh RR—
D
40
102 »/a 102%
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Cincinnati Wab & Mich Div 1st 4s
1991-Jan-July
St Louis Division first coll trust 4s
1990_May-No«
Cleveland Electric Illuminating 3s
1970—-Jan-July
Series
41
35
921/2
1962_Mar-Sepf
1959
Cincinnati
General
Paso
Erie
103%
99%
821/2
—Jan-July
City Ice & Fuel 2%s debentures
City Investing Co 4s debentures
General
112 V4
102
93
mtge 2%s 1975-April-Oct
3%s
77%
E
Terminal—
mortgage
Cleveland
17
81
49
1999—April
First mortgage 23/4S series G 1974
C 1 T Financial Corp—
2%s
108%
5
991/2
591/2
Jan-July
Jan-July
1952_Jan-July
mortgage 2%s 1978
111'%
9
90 V'b
June-Dec
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Western Indiana conv 4s
Chicago &
First
3 Vis
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Chicago Terre Haute & Southeastern Ry—
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1994_Jan-July
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1994
Jan-July
Chicago Union Station--—
'
mortgage
mortgage
24
81
Chicago Rock Island & Pacific Ry—
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April
Chicago St L & New Orleans 5s 1951
June-Dec
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1961-
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93
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104
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General mortgage 4Vis inc ser A Jan 1
2019_April
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1994
A
1961
1979——
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Jan-July
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Co
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27
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2038.Jan-July
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82
133%
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_
A
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1985
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1995—June-Dec
.
130
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—June-Dec
1995
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127
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1958
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9
106
—Jan-July
1977—Feb-Aug
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lien
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interest)
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t
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—
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mortgage 4VaS series B Jan
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—:—Feb-Aug
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Consolidated sinking fund 4%s 19f«_
■
—
107% 107%
Jan-July
1956
series
registered
1952
1954
Hudson
For footnote*
i
;
J.05%
14
101%
95
93
deposit
RR
mortgage
registered
*94%
1»*4j Jnne-Dec
Guaranteed 4a series E trust etfs 1852—-Mcy-Nov
Pennsylvania Glass Sand 3%s 1980
-June-Dec
"■
Ry—
Refunding and impt 4Vis series
Refunding and impt 5s series C
N
*101
Feb-Auf
1953
4s
Mexico
D
of
Central
1053/4
104/4 1043/4
.Mar-Sepl
Jan-July
A
,
fgnd gold 4%s ItfiS^J&n-July
'
*75
series
....
.
Mar-Sept;
——
debentures
A 111 1st sink
First mortgage 3s 1975
deposit
of
5Vis series A
ACertificates
New
of
1
*104
1954
series
ACertificates
16
Jfcr-Sept
Jsn-Jdj
1983
A Certificates
of deposit
AFirst 5s series C 1956
AFirst
104%
debentures IMS
f.
105
RR—
4Vis
first
Texas
series
7
103%
1974
3s
5s
13%
104%
101%
Pennsylvania Co—
t
95
103% 105%
1986
4s
Light
Nor
Refunding and impt
New
103
*105
hprll-Oct
gtd
Power
95
103
—Aprll-Oci
1976—,——
i
;
Afor-Sept
Pennsylvania Power A Light Co*—
99%
98'A
*105% 106
1961—JTay-Nov
12
11
•
.
;
i
Co—
Jersey Bell Telephone 3Vis 1988—
J
New
Tel
4Vis
debentures
New
N
&
guaranteed
debentures
3s
s
Steel
20
101 y« 101 /a
i 1966—April-Oct
;
57%
...
79%
"983/4
-
-
Pennsylvanla^Central Airlines—
102
-79%
debs
:
»ioi% 102 */2
-April-Oct
_Feb-Aug
__June-Dec
June-Dec
»'"" A3%s convertible Inc debs Sept
103%
101%
61
57 Vi
'
-
_june-Zieo
Products
13
1047-b 105%
_Mar-Sepf.
62
103%
_4
101 Vi 101%
i
FOb-AVf
1970—Jime-Dca
.
'
62
*104%
■
Louis—
mortgage 3s series B
Dairy Products 2%s
;
13
..Jon-July
SVie series I 1966—June-Dec
3s series J 1870—AJune-Dec Ss series K 1971—^unc-Dec
3s series Ir 1974.
June-Dec
3s series M 1979:
June-Dec
Ss series N 1937—June-Dec .
2%s series PIf81.\Junie-Dec\
W*ct«rn /Ml
Paducah
i
National
debenture*
,
N
Nashville
,3
.
1987
debentures
3%s
103%
194
/
First
refunding
refunding
and refunding
and refunding
and refunding
and refunding
and refunding
and refunding.
and refunding
and refunding
Tel & Tel 2%s
and
1,3/48
43i/2
•' "101
102
Jprtt-OH
t
-99/4
*106% 107/4
2%* series Q 1980—June-Dec
First
8Vis series R 1982—June Dee
First
3* series 8 1988-—June-Dec ;
Pacific
debentures 1988—June-Dec
^/•si/debenture* lflgL———
:
April-Pel '
i
102%
1023/4
—May-Nov
i.
81 %
75
First
First
92%
74
16
99% 102 %
102%
1959
1986
84%
14
79%
76% '78%
May-Won
1955—..May-Nov
mtge 4 Vis series B
33
81 *
79
1958—Jf«y-Nov
Morris & Essex first,
guaranteed 3%s 2OQ0_jaB*-D«*
Construction
92%
78 Vi
92%
First
First
'
Co—
and
AGeneral
—•%,
63
103
52
82%
81"
•
M
*104%
>
..
.
>•
1063/i
105%!
70
104
RR—
series
adjustment
tMissouri
'
series
4Vis
97% 1
1041% 105%
"loicvi
-
/ 102%
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.
-
8/48 1979.
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52
89l/a \
__
"103
Jan
lf71~~Jfljty
Jan 1991—Jfsy
,-
101 %
—
"102%
-April-Oet
First mortgage
y
89%
"108% 109%
,
tOgdensburg Si Lake- Champlaln Ry—
I AFirst guaranteed 4s 1948
1974—
First mortgage 2%s 1975—..—.^
Oklahoma Gas. A Electric 2%s 1976
Ohio Edison first mortgage 3s
102/
101%
"87 Yt
70/4
61
94Vir
104% .104
107%
'U 63%
■
T
..
"lOGya
Marie—
series
104 %
107%
1
•
.,.
h
-
60
-a
-
103%
■■
112
,< 105 y8
■
:•«.-
85
-
108%
•
•
101 3/S
—
"107% 108
aiiui
107
v
92 */2
54%
100 Ti
103% 1033'4
-.
AyrtI-Oe%
1967
AGeneral mortgage 4s inc 6er A
Missouri Kansas & Texas first 4s 1990
;
76
,
-
Mining &
Paul
92 Vi
"60
Ok
*117
.
-
102%
70
88 %
■
&
t§AMidland
Minn
?
1003A 100 Vi
"102Vi
Sag 3Vis 1951
MsM(ff
First
J,Vis
1952
^
,——Jfejr-NoW
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1978—Jmn-Juij
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lfer-Sept
First mortgage 27/8s 1969
tficr-Sept
First mortgage 3%s 1969.
a
Mmr-Bmpt
3Vis sinking fund debentures 1967_
Jan-Jcly
Minnesota
.91%
■
April-Peg
——
Michigan Central—
Jack
72
102 Vi
64%
-60
,
May-Nov
Michigan Bell Telephone Co—
3 Vis
-
Stores
Corp
70
94
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1954
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Manati Sugar 4s
sinking fund Feb 1 1957—llay-NoT
Manila RR
(Southern
-r
!'.■
•
U28^/2"133y2 ;. {•
°> 114
.64%
63,%
'
,.-61
•
,,
(Minnesota) first mortgage 2Vis 1974.,. . aFeb-Aug
Firsts mortgage 2%s 1976
_April-Oc>
First mortgage 3s 1978—...
!
Jan-July
First mortgage 2%* 1979.
Feb-Aug
(Wisconsin) first mortgage 2%s 1977—April-Oct
wfU
First mortgage 3s 1979—.^
»b"Ov
Mar-Sept
Northwestern Bell Telephone—
3 y4s debentures 1979
_May-Nor
|
102%
-
.106
* 105 Vi' 107%
:•••
..
t
.
107%
••
102 3A 102%
11
103 Vi »1
1
Macy
50
102
109% 109%
..2.
64%^,:
-
registered
Northern
•
■
r
•
3%
102%
s,
'
88 y2
100%
.
;
_Quar-Jc»:
' Quar-Fcb
2947——1—
2—
Quar-Aup
Refunding and improve 4%s ser A 9647—Jan-July.
Refunding and Improve 6e series C 2047—Jap-July
t Refunding ahd improve 5s series D 2047_.Jan-July
^Collateral trust 4%s 1975——:
—^.JMag-Sepi
1
105%
105'/.
96%
.
; "4s. registered 1997_—,——.—
General, lien 3s Jan 12047.—L.,.,
'61
104%
..
Prior lien 4s -1997-—l—...:—w——Quar-Jan
95
109
t
boj//
»
.
102 y2
104%
12
85%
■
74 y2
:t';.;pl%
u
j
1043/4 105s/«
102 Vi
'
-
"108
2%s1179—May-***
77%'*
102 y2
—
98
85%
•;
2003_AprtI-Oct ;
lf*r-S«pS
Cincinnati Dlv 4s.1955.-j
Louisville Gas Si Elec 1st
mtge
I
61
97%
j
95%
74%
•
f
74%
—Dine-Dos
iyrifOct
2003—Aprtf-Oel
|
38 Va
•42%
" •*45%
40
'.-'"104VA 105Vi
.
2003
1980
-.65
36%
__
J'rt-Ali
.
Atl Knox
-75Vi "TS7/#
"120
RR—
refund mtge 2%s ser G
refund mtge 3%s ser H
St Louis
,
■
—
,104% 104%
refund
100%;
«
t
,33T'a
"104 Vi 105%
First and
,
K*
1951^_:——Psb-Aag
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101% i'
100%
*
63:
"
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Nashville
61
f H
100%
-
.
Ap 196E»
1963
75%
»
•!
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—
/
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V
100
94
,'*95y4 100
v
^
.
•
—
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>
103%
98%
QS
100Vi 100%
*100%
74%
,<•
102%
99 Vi
-
55 y*
,
..
A 1952
debentures
debentures
,-Louisville
4s series
7s
85%
1
59% <)
52%
103
103
Light 1st mtge 2%a 1876
^Mar-Sept
60%
61 Vi
N Y A Putnam 1st conaol gtd 4s l»9J—Aprll-Oct
*101 „• .101%
N Y State Electric h Gas 2%» l»77——^fan-July N Y Steam Corp lirst t%s 1963
Jan-July ♦ 105% / 105% 105 y2
IN Y Susquehanna db Western RR— '
.• - ^
,
'49%
49Vi
50
S AFirst refunding 6s 1937—
—
Jan-July
*17%. 35
'JASecond gold 4%s 1937—
Feb-Aug
*
13//4
153/8
I AGeneral gold 6s 1940_t_——
Feb- Aug *
f ATerminal, lirst gold 5s-1943.
^
sJKojr-No*. - 80 ; t• 79% 80 v
102% 103 »/s
N -Y Telephone 2%s series D 1982—
,_Jan-July >
Refunding mortgage 3 %s series E 1979—Feb-Aug > mv* i-\ IO7Va tony*
106 .* 106
Refunding mortgage 3s series F 1981—Jan-July /
r 106% 106%
Njagara .Falls Power 3%a<1966——1—_Max-SepI
Norfolk Southern Ry Co^ ;>,••• • V
- r.1. ^- .
AGeneral mtge 5s convertible Inc 2614—April-Oc*
,v../e'V%'f2%
Norfolk Ac Western Ry lilst gold 4s 1998—Aprif-Oct
i.Ar/ 128ViiT28yi
Northern Central general A fef 6a. 1874—_Mar-Sept -h-.r; ,"il7/'/ri7-;
General and refunding. 4%». aer Aa974..Mar-Sep#
"102% 113 :/
9
lnterest 2003^-
Interest 2003
First
\
High
56
102 V2 102%
39 Vb
50
v
Low
14
N Y Power Sc
101
82%
763/i
Fab-Aug
First: mortgage, 5a extended,to
1979.-4—JLytQ-Oel
Little
;
69
Harlem
94
.
1684
Lexington & Eastern Rv first 5" 1065—:
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.
.■*
A 2007—Jan-July-.
series, A 2022._Maj
] AN Y Ontario M Weeg rul 4a Juna
AGeneral 4s 1965
•
•
•
1
/ Jan. 1'
No.
57
Mmy-NOV
Y New Haven Si Hartford. RR—-
Range Since
-•
60
Map-Not
-
,2003—i.jLjr«f-!6ow
fixed
57
First and refunding mtge 4s ser
v
97 Vi
'
May-Nov
•60%' * " 60
J61 • V'.
,13
_lf*f-KOT 1 66 '< ■'i 64: " 65 " * '' ■" ' 4
Series D 4s contingent Interest
2063——
May
'■■• 37%
37 V4
37Ti ' *'''
•' 64
Series E 4Vis contingent Interest
2003.
—May "?
'63
Series F 5s contingent Interest
2003——.May
v
45
a.*.C44%; ■ 45.v.J /-• < * 23
Lehigh Valley Terminal Ry— »
Series
•
90
N
94
84
<
gold
High
*53
,
Jan-July
—Jan-Jiwy
1973—:—...—,
series B
;
,
Teb-AUg
,
Bonds
Friday's '
Bid & Asked
.
•
>
iftbb—Teb-Aug
Mortgagees series A- 2043a
..Mortgagees series B 2043N Y Lack & West 4s series A 1973.
120%
893/4
923/4 -'92%
/;
__
mortgage 4Vis extended to
1974—Jan-July
Lehigh Valley RR—
General consolidated
mortgage bonds—
Series A 4s fixed Interest
,
923/4
Fcb-Ang
Feb-tog
—JtHnj
11
to
1 %
•
First
fixed
-
.
Lehigh Valley Railway—
Series B-4Vis
"
'117 "'120 %
'•■Xj--
(cont)
AGeneral mtge conv inc. 4%s
.
1st &
mortgage 5s
104
1
or
■
•Refunding mortgage 3y^s series E i960—June-Dec
First mortgage 3s series F 1986.,
Apru-vcv
N Y Connecting RR 2%s series
1975AprU-Qcl
N Y Dock lirst gold 4s 1961.
i
reb-Aag .t
N Y & Harlem gold 3 Vis 2000,
Mag-NOf -
181%
105%
-.4Vis
19S7-/twe-Dec
Hudson. Rivfer
&
Michigan Cent collateral gold 3%s
3 Vis registered 1998New.Vork Chicago & St Louis— ,
97Vi
181%
105 l/a 165 Vs
12CVi
York Central
New
27
V :
,
Week's Range
Bast a-'
Sale Frice
Low
100%
97
"181 /• 185
■
Period
'
"
First mortgage income reg
First
27
100%
%
Lehigh Coal ti Navigation CoSinking fund mortgage 3 Via ser. A lf70_A»rfl-Oef
Lehigh Valley Coal Co—
*
,»
:
——Jane-Dec'
Ltd—
1
V*
Interest
•••
High
lffA-facC'Dec
1997
Co
Low
■*97
1963.*—JK«r-Seyt
First mtge sink fund 3%s series A
Lake Shore & Mich South gold 3 Vis
No.
27
bonds
New York Staek Exchange
.Jan.]
106
Jf<tr-Sept
.
3%«
27
j.
17
Range Sine*
Sold
High
-
_
-April-Oct
1959
Laclede Gas Light 4%s conv debs
Lakefront Dock & RR Terminal—
Lautaro Nitrate
Bonds
•
"
*101
"
_
_
MARCH
Friday
Range
Friday's
,
1961
ENDED
Week's
Low
Kentucky Si Indiana
\
8tumped 1961
WEEK
3%s
Chem
debentures
Pittsbureh
Steel
1st mtge
3%s 1964
4%s 1958
*100% 102
Jan-July
1965
1st mortgage
May-Nov
"102%
April-Oct
—
1023/4
_
101% 101%
1
103
101
1023/4
i
|
^
Volume 1171
Number 4891
-
COMMERCIAL
THE
&
FINANCIAL
CHRONICLE
(1167)
27
NEW YORK BOND RECORD
RANGE
■
BONDS'
Period
*
or
Sale Price
Pittsburgh & West Virginia Ry—
'
"
..,
,
.
mortgage 4Vie series A 1998
June-Dec
mortgage 4%b series B 1959
April-Oct
First mortgage 4Mis series O I960™.—_Aprll-Oct
M
Pittsburgh Youngstown ft Ashtabula Ry—
First general 5s series B 1962
Feb-Aug
iFirst general 5s series C 1974
June-Dec
First general 4M»s series D 1977
June-Dec
vA-Pittston. Co 5%s Income debentures 1964__Jan-July
v.1;.
Potomac Elec Power 1st mtge
'
t**1
-kVw..
First
Bange Sinc«
BONDS
Sold
Jan. 1
New York Stock Exchange
No.
High
Low
mortgage iYtB
1977
:
Providence Terminal 4s
IV:
iL'V.j*.«38, debentures
1
:*V
First
and
First and
%,«*:» "First and
'f
■
if
'
J.Vf'- First
and
A.v>, <First- and
1963
94
7
93
96%
94
2
93
96 %
93
94
26
92%
96%
,
*111
First
;
100
100
19
99%
2
104% 104%
debentures
1964.
104%
Rocneijter Gas & Electric-Corp—
:>>
Kj-v
i-ali'F
»
-
General
»
?JV
;^i4?lUtxCanadian
.vt'i,;
109%
*151'/a'
109%
j^
'■
151%
225
Union
OH
106%
106%
Union
Pacific
105 Ya .105%
<*&«<,
1 V,
16
101%
second
-
'
.•••»' "■
j • • -
t - -
gold 6s 1996——
•j.r-j.: A Second mtge lne
*-124
J'
7%
-
•8
102%
Duluth first
ft
92 %
4s
mtge
4%s
A
3s
debentures
series
1974
A
:•
29
;
5
ltf7%'
106%
•
20
8%
-7%
•
8%
•
8%
■
3V4s
10 4/4
74
*73%
'
65
J'
;
Jan
:
91%
299
32
1,256
*95%
96
debs
1961
noiv2
—
.Mar-Sept
1971—May-No*
23/4# 1975
April-Oct
California
2%s
RR—
109
4Vas
May-Nov
debs
!
J
—Feb-Aup
104 'A
u.
•it'
<
A
1977
'
>-v r
■.
Corp
_•
2%s
si
917/8
5s
1958
•
1
I
105
102 Va
103% i
'105
VM03
-103 Va
103
22
"
—.
6
*104'A
1976—May-Nov
88%
Ward
127%
5VaS debentures (subordinated) 1970
.April-Oct
Warren RR first ref gtd gold 3MiS 2000—Feb>-Aup
*103
—
100
101 %
Washington
Terminal
__
75%
82%
Westchester
Ltg 5s stamped gtd
98 %
99 Vu
General
100
31
82%
96
80%
99%
104 V* }
59
103
98%
>123%,
•
99
Electric
Penn
Power
West
Shore
first
124
4s
99 %
25/as
3Vas
3Vis
1981—>
series A
^.
~
—.
*80%
—
—,
April
*78
79'A
73%
81
79 Va
73
"
99% 100%
6
102% 102%
_4-
4s
1970—Feb-Aug
5
90
1
99%
101 Vi
102%
102
90
91
102%
103
105%
106
—!
*104% 105
101 y4 101 Vo
13
98%
106 Va
'I
104%
105
•'
6
106% 106%
106
107 Va
57
64 Va
1!
''.J
63
64
-
64
47
58»/a
103 %
58%
58%
20
55%
59%
103 y4 103%
15
101%
104 Va
105% 105 Vi
„Jan-July
101 »/a
102
104
105
78
mtge 4Vis--4s series A 1969—
Apr-Oct
Western Pacific 4Vis incomes Jan 2014— ••
May
Western Union Telegraph Co—
Funding and real estate 4Vis 1950—Mav-Vor
'107
106
79
99% 100%
93
83
25-year
gold
5s
__
7
104'A
105 %
101% 101%
1
101%
6
100
2%s debentures
\t-"'
-/<
100>/a
81
99%
100 A
100%
100
100&
100%
43
99%
87%
85
88 V*
97
85
100%
2%s
95%
200
92%
113
102Va
1023a
103
103 V4
93
95%
Wilson
87%
90 3 i,
Winston-Salem S B first 4s
95
96%
tWisconsin
114
120%
92 %
95
103'%
98%
debentures
2.65s
97
-
93%
13
87%
87%
6
a
97
114
114%
*/♦
102%
39
29
105%
101% 101%
102% 103
103%
106%
5
97%
51
97 %
v 103%
67
103
of
Wisconsin
Public
•.
1949—.
first As
deposit—.
Power
2%s
2%s
1979—.:
Service
3V*s
102
103
3
102%
103
114%
115%
—
4
:
77%
78%
77
77
43%
78 Vi
46%
_
*
46
100
74;,.;.
78Va
76,.
77
41
46Va
100
100 Va
107%
5
14}
107%
V
'
*99% 100%
*v_
—'V-
Jan-July
'
„
—
40
*106:,,4
—'
52%
103
l©33/4
ioi y4
*103% 104%
104
104 %
Yonkers
Electric Light ft Power 2%« 197«_Jan-July
99 V2.100%
100 %"
101%
n
•
a
Deferred
delivery
sale not included in the year's range.
d-Ex-interest. - e Odd-iot sale not
year's range,
n Under-the-rule sale not included in the year's range.
rCash sale
not included'in the year's range,
y Ex-coupon.
'
in
the
^Negotiability impaired by maturity.
tCompanies reported as being in bankruptcy,
.
*125-% 126%
119 % .126
the
,104% 104%
106%
15
104
105
105% 106%
46
105%
106%
'
-
reorganized under Section
Bankruptcy Act, or securities assumed by such companies.
^Friday's bid and asked prices; no sales being transacted during current week.
A Bonds
selling flat.
dealings have occurred during the current
Friday
New York Curb Exchange for the week
beginning on Saturday Mar. 11
Exchange itself, and is intended to include every security, whether stock
year.
Alloys.
Hat Stores
_
_
Shares
Low
Air
—
Supply Manufacturing
Associates lnc
Alaska
A lies
&
Power
Airlines
Fisher
Low
5
11%
1
...50
—
page
High
-
1
1%
Jan
1
—
31.
for Week
Shares
3%
800
3
Jan
4
Jan
21
Jan
Jan
Altes Brewing
Low
Allied International Investing Corp. —1
Allied Products (Mich) common
—5
-
23%
4%
1,600
4% Mar
5%
Jan
2
Altol'er
2%
1,700
1%
2%
Jan
Aluminum
11
Jan
11%
3,500
10%
Feb
12
Jan
8%
Jan
9% Mar
—
86%
4%
140
80
Jan
175
99%
Jan
4
Jan
4,000
87%
of America
Feb
Industries
Aluminium Ltd
Amer
Air
Filter
5%
Feb
American
Bantam
5
Feb
American
Beverage
American
Book
—
—r
——
_
_
100
*
Co
conv
pfd
1
—
.
6%
Jan
350
lb'/a
Jan
18%
Feb
100
5%
Jan
6 '/a
Jan
6
Jan
5 Va Mar
5 %
25
53 34
7,900
M ><<»
Jan
58% Mai-
1,050
96 Va
Jan
101% Mar
25 %
200
24 Va
56 V'2
6%
0%
50
47%
50
50 %
4,100
45%
15
2.400
13
xl4 %
i7c
i'C
Vo
%*
fe
1
80
80
10
Jan
6% Mar
3.600
1
-100.
High
4
25
25
__15
class A
common
18
Jan
101%
5%
..
•
T,nw
101
58%
.
*
common
Car Co
6 Va
•
common.
common
102
17%
m
common.
Co
cumulative
Range Since January 1
High
3%
_1
_
Aluminum
7%
7%
101
_
Feb
300
1,400
4%
_
Jan
7%
9%
86
Bros
Co.
preferred
Aluminum Goods Manufacturing
7 3'4
100
4%
Sales
Range
of Prices
Par
Jan
8%
•
86
preferred—..100
common
see
Exchange
1%
$3.75
-3
.
lnc
footnotes
New York Curb
4%
2%
Week's
Last
Sale Price
Friday
.
For
'
300
—
1
1
(N J)
4.20%
17
STOCKS
Range Since January 1
High
ft
Alabama Great Southern—
Alabama
MARCH
3%
.1
—
__
common.
Air-Way Electric Appliance
ENDED
1%
10
_
Agnew Surpass Shoe Stores-
Manufacturing
WEEK
1 %
_
lnc
FOR
for Week
warrants
Acme Wire Co common
Ainsworth
ol
RECORD
Sales
Range
of Prices
1
Aluminum
Week's
Last
Sale Price
Par
Aero
77
or
following extensive list we furnish a complete record of the transactions on
ending the current Friday, Mar. 17. It is compiled from the
reports of the Curb
RANGE
Adam
receivership,
EXCHANGE
AND
In the
Exchange
t:
*99 %
WEEKLY
STOCKS
!
98%
NEW YORK
any
T
105
*101%
—
bond, in which
,
101%
.
—
'«)
:!i
__
Mar-Sept
1971
103 V*
2
*115%
—
June-Dec
1976—
111 %
101%
102% 102%
—'.
^
—
deposit
of
mortgage
'•
.
106%
'7
107
1-04%
97%
First
102
n
Ry— J
4s
Wisconsin Electric
102
52%
general
ACertificates
101%
10
Centra]
Jan-July
' Jan-July
Jan-July
1936—May-Nov
!
379
101%
102% 103
102% 102%
Jan-July
..Aprfl-Oct
1958
1960
*—
102%
102%
101%
1097/e 111'A
110%
June-Dec
Mar-Sept
1967
mortgage 3s
ACertificates
109
3
first
Co
§ASu & Du dlv and term
106
105 Va -108
32%
103 %
mortgage SVtS series D
&
gAFirst
96
103
104% 104%
97%
1973
Wheeling ft Lake Erie RR 2%s -A 1992
Wheeling Steel 3%s series C 1970—
•
92%
6
*107
-April.
Feb-Aup
Jan-July
l—.1^—May-Wop'
1973_i„
94%
14)5
*108
1966—Jan-JuJu
1972—
93%
104
21
106% 107%
101
debentures
*101V* 101%
..Mar-Sept
Jan-July
'
93%
94%
1971
convertible
91 Va
Corp—
145
"
104
1960
Westinghouse Electric
103 %'
>■-.
Acme
'j
'
,
100Vtt
..June-Dec
1951—
102% 102%
■
impt M 4s series C 2019—^.Jan-July
:
-Refund and impt 2%s series D
1985_-—_April-Ocf
Texas Corp 3s debentures 1965
-May-Uov
Motors
t
102%
Mar-Sept
5s
98%
•100
and
ACF-Brill
; %
;S,
!:
'5
106 Vi
*105% 106'/a
Maryland first mortgage 4s 1952_April-Oct
—,
101
-102 % 102%
106%
Jan-July
236%
52%
50%
101
*106%
1966
guaranteed
52
*101
—.* 4
•
-——May-Noe
Jan-July
I
.! 51%
•
102 Va ■106%
104%
102Va
June-Dec
Jan-July
1979—May-Nov
1950
1974
series
registered 2361
Western
124
•
Gen
*104%
78
Penn
West
'
10
79'
West
98%
37
;
106% 107
101%
99%
103 %
3V4S
mortgage 3Vis 1967
mortgage 3s guaranteed
60
102%
,.*
•
.«
Jan
'
It
106%
10
«■
A
debentures
ronv
98%
15
103
98%
Do
59
99%
.1
•
Baking Co—
General
99
{
series
—
WoiD-orfi
100%
1
mtge ts Income
Gen
First
debentures
New York Curb
j
91V4
101
99
103%
90
104 V,
Co—
Terminal RR Assn of St Louis—
or
j
103% i
■
f
100 %
100
127%
i
and
|
139 V V-l-MVi '127
90% -91
-A '
100%
.103%
Wabash RR Co—
„
'
Refund
i
,
105
"'"*99
—Jan-July
April-Oct
.:
,105
124% 127
*104
•
106
'
included
N'
126
105 V*
*50
-1983—_—^uMay-Nov
debentures
consolidated
'/"105
105
t.—April-Oct
mtge 2%s ser G 1979—June-Dec
41
100%
1981
2%s
;
99%
105
12
102% 102%.
101 Va
99
L__r__—v—Jan-Ju!p
Oil
debentures-1963
—f.'.
-99Va
*99
(N* J) debentures 2%^ 197lJ:jiHflp-Nov
debentures 1974
2%s
1975_Mar-Sept
1978—Mar-Sept
6
,119
*102%
Oil
Swift & Co
*
'
107
' 107
mtge income 4'As series B Jan 1991
April
First mortgage 3ViS series B 1971
-April
Walker (Hiram) G & W 2%s debs 1966—May-Woo
95%
Sunray
98%
90
*106
•
119 V8
102%
Standard
98 Va
*106
.
^
118%
81%
May-Nov
debentures
103%
96% v 96%
102%
*91
2
100'i
Map-Nov
3%s
;
97% l J
96
4
94%
127% 127%
^-Ifar-Sept
ASpoliane Intern at first gold 4 Vis 2013
Standard Oil of California 2%s debs 1966—
°ii'<
105
103%
4
96%.
103%
98%
'66%
*103
mortgage 2%s aeries E 1986__Jan-July
mortgage 2%s series F 1996—^___Jan-July
First mortgage 2%s series G 1961
Jan-July
Southern Ry first consol gold 5s
1994—Jsn-July
Devel and general 4s series A
1956——-April-Oct
Devel and general «s series A
1956__—i^April-Oct
Devel and general 6%s series A
1956.;-:^ApriI-Oct
Memphis Dlv first gold 5s. 1996—
Jan-July
St* Louis Dlv first
gold 4s 1951__—
—_Jan-July
Southwestern Bell Tel 2%s debs 1985
LAprll-Oct
*
■!V
25
v*98l/a 100'A
•
—
62y#
•
•*
I
llO'/a
103%
,104% 105
102% 103%
■
"
98%
,_April-Oot
91
*107%
.
*
1967
96 %
*103
105% 105%
First
.'t
—■
104% 104'A
::
81
First
M-
109
103
102% 102 Va
136
105%
3s convertible debentures wi i960—
^^-Apr-Oct
San Fran Term 1st mtge 3%s ser A
1975_June-Dec
i ,v
110
-•*lfK1A
—
1970—June-Dec
-101% 101%
June-Dec
—
1969
RR
101 Va
>
1976
convertible
30-year
(Oregon Lines)
4 Vis
Pacific
101 Mi
-
First
Southern
95%
'
.^June-Dec
Co—
Gold
4,/as
32
92
103 Va 103'/a
64Me
-•
Gold
21%
72
uta
_^_Jan-July
2%s
debentures
1985
Feb-Aup
2%s debentures 1987—'
———iVJan-July
Southern Indiana Ry 2%s 1994
__i_Jan-July
t
109
103'/a
92 Me
-119
South & North Ala RR gtd 5s
1963
April-Oct
Southern Bell Telephone &
Telegraph Co—
-3sv debentures
1979
!
Pacific
62
52
l
3%a
63%
1965__:_——Jan-July
Southern
103%
62
28%
91
'
■*.64.
^--June-Dec
-i_
1976
103%
59
__
•;
■
Union Oil 2%s debentures 1971__
April-Oct
t§ASilesian-Amer Corp coll trust 7s
1941_Feb-Aup
Skelly Oil 2%s debentures
Socony-Vacuum Oil 2%s
1
103 % 103 %
60%
31%
Virginian Ry 3s series B 1995—
——May-Nov
First lien and ref mtge 3'As ser C 1973_April-Oct
71
72
—
*100»A
Shell
"4»'
of
First and refund
103 Me ''104%
-*66%
_^_Jan-July
2016-Jan-July
1966
i
t
106
Jan-July
impt 3%s I960—June-Dec
First and refund mtge 2%s ser E
First and refund mtge 3s series F
First
1968_June-Dec
1996
Seagram (Jos E.) & Sons 2Vis
-
5. y
June-Dec
Vandalia RR consol gtd As series A 1955—Feb^Apg
Consol sinking fund series B 1957
May-Nov
*104.
^^^-i.May-Wo®
gold 4s
series
131V*
103%
April-Oct
Virginia Electric ft Power Co—
„
mortgage
AGeneral
101
128 Va
5
105%
;;
8%'
Paul Union Depot SVis B
1971
—_April-Oc*
Scioto V ft North Eastern first
gtd 4S 1989_May-Wop
Seaboard Air Line RR Co— ;
>
,
'
First
•
1974
I960
Virginia ft Southwest first gtd 5s 2003
_l_Jcn-.Tuly
i,:;
:
cons
99
6
105 »/a
95%
104%
"."-7%-- 8l/4
■
Vg
St
i (*;
f
3%s
2%s
Corp
debentures
2%-s
Q
4s lnc bond certificates Npv ]989lJan-Juiy
General and ref gold 5s series A
1990—Jan-July
--:St Pahl
15
107% 107%
^'^' Second
'
99
105
;v
,
First 4s bond certificated 1989--:
is
.
ref and
debentures
2%s
■
*io6%-
;..:_;.____,jApril-Oct
Ry—-
High
101%
•
4Mis rseries A Jan 2922—-.May'
St Louis-Southwestern
99
*130% 137
United Biscuit Co of America 2%a 1968—April-Oct
U S Rubber 2%s debentures 1976
.Mcy-Nov
a-..
St^Louis-San Francisco Ry Co^1st mortgage 4s series A .1997
.
92%
*104% 105'/<
-
'^"Bt Louis Rocky Mt.ft P 5s stamped 1955_Jan-July,
J£
J j*r
....
92%
series
x
1
99
1985-Jan-July
Universal Pictures 3%s debentures 1959—Mar-Sept
*
stamped 1941——Jan-July
•
Low
100 Va
High
*101
June-Dec
E
ser
First mortgage and coll trust
3s debentures 1968
151%
—
225
102% 102%'
■\l St Lawrence ft Adir 1st gold 6s 1996_„—.JarWuly
IV.
•-
C
2000
Union Electric Co of Missouri
*104% .105 V*
7«'.•
:
' P
:
"p: Saguenay Power Ss -series fA .1971..".———Mar-Sept
r-
flA
■.
5s
3%s
M
1970_April-Oct
1990-ApriI-Oct
first refunding 4s 1960
Cent
222
225
t4s ^stamped .l-949__iI___JJan-JuZy
-•; •,v
r
*
4,
3%s
.
^.||4jtutland RR 4%»
■
*•*
s'1
u.
series
gold
Orleans
New
of
*105% 10G%
Ii> 1967—Mar-Sept
mortgage 3Vis Series J 1969 .—Mar-Sept'
general
Wv.
■
mortgage
Jan. 1
Wo.
u
^ .'^'General mortgage 4 Mis. series D 1977i-Mar-Se|Jf
i^T perietal mortgage 3%S' series H;' 1967i_Mar-S«pt
>
RR
Tol & Ohio
105 %
109
3%s
first
refund
105
104%
3y4s series B
AAdjustment income 5s Jan
105
R
'i«7 IV-
i
M
and
tThird Ave Ry
100%
105
104% 104%.
.Reading:Co first & ref 3%sseries D 1995—M"cy-Nov
Reynolds (R J) Tobacco Ss.debs .1973_t_T.April-.0c*
t»l>
-
refund
Pacific
Tri-Continental
loe
*109
..Jan-July
it
It
-
Range Sinew
Sold
*98% 101%
——
-I:..".
Bonds
^
Texas Pacific-Missouri Pacific—
*107
*105
Mar-Sept
'i K"
i.4
and
&
Term
100
May-Woo
refunding mortgage 3%s 196«_Jan-July
refunding mortgage 5s 2037—Jan-July
refunding mortgage 8s 2037—June-Dec
refunding mortgage 3s 1972—May-Nov
refunding mortgage 2%s 1979-June-Dec
Quaker* Oats 2%s
I.
M
Refunding mortgage 2%s series O 1991_Mar-Sept
V
■»
refund
General
'.108
108
and
First
Texas
;.;r•
Range
Friday's
Bid ft Asked
■
,
Hii^pubiic Service Electric -ft Gas Co—
U j
or
Sale Price
Afay-Nov
l
1996
Last
Period
Low
Texas & New Orleans RR—
94
—Feb-Aup
Jan-July
;
Week's
Friday
Interest.
High
93%
93%
3%i 1966—J&n-July
First mortgage 8s lft#3.
Ji
-First mortgage 2y»s 1M4_
!
17
Bends
•
$ i
..
MARCH
,
First
First
■lu
ENDED
ft-
Friday's
Bid ft Asked
Low
-
WEEK
Week's Range
.1, Friday
Last
Interest
,'
New York Stock Exchange
FOR
76 %
26
Jan
8%
uan
Feb
50 % Mar
Jan
15
Mar
Jan
•fij
Mar
1%
Feb
81
Jan
...an
oan
28
THE
(1168)
COMMERCIAL &
WEEK ENDED
FOR
RANGE
EXCHANGE
CURB
YORK
NEW
Monday,. March 20, 1950
FINANCIAL CHRONICLE
MARCH 17
'
Friday
Week's
Sales
Range
for Week
of Prices
Shares
Friday
Last
STOCKS
Sale Price
New York Curb Exchange
Low
Par
American
Class
Power &
&
convertible
10c
36'A
Manufacturing Co
American
Metal
American
American
Natural
39
Jan
10%
Jan
13'A
Jan
19%
Jan
2 l'A
Jan
163/a
163/4
1,000
16 J/4
Jan
18 '/a
jan
4 J/a
17,900
4'A
Jan
3%
3%
16
900
55
1,200
pfd—25
36%
361%
100
16
6%
•
29%
29%
29%
293/a
29
29'A
600
10
30'A
29%
30%
3,000
2
53/a
10c
class
25
3A
A
American
Seal-Kap
common
Amer
Superpower Corp common
series preferred
American Thread 5% preferred
$6
American
Writing Paper
Angerman Co Inc
Anglo-Iranian Oil
Gas
Associated
Feb
Feb
33'A
Jan
1,100
3%
13,200
°/a
Jan
600
116%
Jan
5'A Mai-
Jan
3/4
14
.
700
4'A
Jan
800
6
Jan
600
5% Mar
6%
7
100
Jan
7%
'A
6%
Mar
7
3»A
3 %
3 %
1,400
2%
Jan
Jan
6%
200
6'A
Jan
111%
220
109 J/2
Jan
Feb
133/4
Feb
33/4 Mar
Jan
7%
6:!4
111%
3%
3%
3%
1,500
3'A
Jan
*
11%
11 'A
11%
7,500
10 J/8
Jan
12'A
Jan
*
11%
11%
12%
24,200
10 J/2
Jan
12%
Jan
10
10%
10%
10%
800
10%
Feb
11
Jan
common
6%
111
112
Jan
4
Mar
116'A Mar
114'A
Jan
9%
10%
1,200
8'A
Jan
11%
Jan
1
22
21%
22%
3,600
x21J/4
Feb
22%
Jan
*
24
24
24
1,300
24
Jan
25 %
11%
10%
12%
Jan
12% Mar
10%
'
J/4
i
10
8,400
£1
reg
Laundries
of
•
Line
51%
9'A
55
275
6'A Feb
% Mar
14
Jan
Jan
67%
Jan
3%
Jan
41 'A
2% Mar
2%
2%
503A
75
44
Jan
53a
5%
10,900
5
Jan
6 'A
Feb
15%
50
16'A
4,200
15% Mar
17 3/8
Jan
5%
16%
1
1,300
Inc
1
Automatic Voting Machine
Avery (B F) & Sons common
6% preferred
_•
Ayrshire Collieries Corp
5'A
5%
1,400
8%
8'A
700
8%
Feb
51
5'/a
Feb
6%
Feb
8
Jan
8%
Jan
■
Products
Feb
6%
50%
2%
1
Co
Atlas
Corp warrants
Atlas Plywood
Corp
800
14
%
•
America
5
6%
6 3/4
6%
700
6% Mar
9
Jan
25
16%
16'%
17%
800
16% Mar
22
Jnn
3
11%
11%
12'/a
200
10 J/2
13 J/2
Feb
common
Feb
B
Baldwin
Co
•
7%
preferred
Baldwin
Rubber Co common
Banco de los Andes—
American
Barcelona
Tr
Lt
&
Pwr
1
Ltd
(L) & Co
Beau-Brummel Ties
Telephone
Benrus
&
of
Watch
Benson
Co
Inc
Bohack (H C)
common
1
common—
1
Manufacturing Co
Claude Neon
Inc
Breeze
Corp
Mar
11
Jan
Jan
5'A Mar
3%
6% Mar
14%
12%
7%
84%
12%
Co
7%
200
100
100
400
4
4
4 A
11,300
8/2
300
Feb
86
16'A
8%
Jan
4'A
7%
Jan
9 J/2
Jan
Feb
Jan
8%
58','2
59
125
51
Jan
62'A
81
81
81
30
80
Feb
84% Mar
22
23 %
240
19
Jan
23 J/2 Mar
5 A
500
5
Jan
—
5%
5%
18%
18%
19
6,900
6"%
6'A
7
3,600
I6J/2
Jan
5%
Jan
19% Mar
5
Jan
7%
Feb
24
Jan
25'A
Feb
17
Jan
17'A
Feb
32
Feb
33%
Jan
22'A Jan
23%
Jan
22'A
—
22%
1,400
4
•
—•
^
/a
100
1%
Jan
24'A
24 A
100
23%
Jan
-
mmmm
2'A
Jan
1,900
11%
Jan
1%
—
—
—
l
a
-
*
Feb
2
24 3A
Feb
2% Mar
14'A
Feb
cumulative junior preferred—10
Rubber Co common
1
5%
5%
6
5,100
5'A
Jan
18%
18 %
18
,4
2,200
14%
Jan
18% Mar
Bruce
(E
I8J/2
18'A
18 A
300
17%
Feb
19% Mar
11 A
1*100
11'A
14%
800
itf
21,600
fa
Jan
21,400
3%
Jan
Mills
Burd
Ltd
Pipe
Bunker
Hill
Piston
Burma
Burry
Cable
class
2.50
B
•
Line:
•
Sullivan
&
2.50
Ring Co
1
Electric
Cables
Products
Calamba
Sugar
&
Electric
Camden Fire
Canada
Ltd
Power
Canadian
Co
Ltd
Convertible
A
common
Feb
12 J/*
Feb
16 "A
Jan
4'A
5
3%
33A
Mar
7
9
Jan
%
5
Jan
Mar
Jan
43/4
1%
Jan
33/4
4%
Carolina
Co
24
&
Light
Biscuit Co
pfd
Jan
78%
Jan
400
xl5'A
Feb
16%
Jan
300
12%
Jan
13%
Feb
17
Jan
16
1,450
1,300
2 J/4
Jan
3%
Feb
8,800
1%
Jan
2%
Feb
8
8'A
300
6%
Jan
81/4 Mar
29
29%
1,100
6'A
300
5'/a
6
5%
5%
2,200
48 %
49'A
2,100
4,500
dep
rets A ord
dep rets B ord
(J
W)
Co
Casco
Products
Castle
(A M)
common
common
& Co
Catalin Corp of America
Jan
27
Mar
6
Jan
31
Jan
8
Jan
14
Jan
6'A
Feb
4'A
Jan
6 J/2
Feb
4%
Jan
51/2 Mar
39%
Jan
50 J/a Mar
9'A
11,500
8
24
25
22'A
Jan
Jan
53/4 Mar
7'A
Jan
9'A Mar
24
Mar
Mar
9
8
9
900
7%
Jan
9
9
8'A
9
300
7'/a
Jan
9'A Mar
3Yb
5
18%
1
8%
8%
3 '/a
73
10
33/a
18,500
19 »A
750
83A
2,500
3 Va
400
75
75
31/4
50
33/a
4,200
3%
150'A Mar
23A
17
Coro
Jan
7'A Mar
33%
Jan
45% Mar
9'A
Jan
Petroleum
81%
3
3
1
1
1041/4 Jan
108
200
2,300
8%
250
800
350
1
1,500
Jan
30
Jan
Jan
Mar
19
32
Jan
fa J&TT
%
Jan
Feb
11%
Jan
7%
10
7%
4.600
6'A
Jan
17%
500
16%
Jan
19.300
5%
Jan
34'A
Jan
45
47'A
1,425
31%
32 'A
13,000
1 J/a
700
1
—5
32%
Croft Brewing Co
1
1-.
Crosley Motors Inc
Crowley Milner & Co
6
Feb
173A Mar
Mai-
9
47'A Mar
1
T
JrrV*H*-»rr
Jan
Jan
3
32%
Jan
11/4
Jan
2%
2%
200
2%
Jan
3 J/a
Feb
5%
5%
6
400
5'A
Jan
7 J/2
Jan
5
5%
5%
6'/a
700
5%
Feb
6%
Jan
•
■20'A
20%
8,200
10'A
20%
Sugar common—a—5
11 '4
550
5'A
5'A
100
14%
14%
250
2.5^
Tnr»
Curtis Manufacturing Co
14%
5
(Mo)
12
Mar
3
J/4 Jan
Jan
3'/a
50'A
300
2%
2% Mar
2'A
2%
25c
50
12
12
partic-j...*
Drug Co commom
Atlantic
30% Mar
1
(Md)___
Crown Cork Internat'l "A"
Crown
Jan
3
reg)__£1
Jan
18%
Jan
58
Feb
21% Jan
10
Feb
123A
Feb
11
5J/2 Mar
Feb
Jan
5 J/2 Mar
151/4
Feb
Mar
36'A
Jan
131/4
34
2.50
Davenport Hosiery Mills
Jan
1
6%
7
200
6%
Feb
x7%
Jan
Inc
—,——10c
Dayton Rubber Co class A
35
Dejay Stores common
50c
Dennison Mfg class A common
.5
8% debenture
100
Detroit Gasket & Manufacturing—,—1
1%
1%
100
1% Mar
2'A
Jan
29%
50
DaVlUaull-BlOUitlo
An,.
common
Day Mines
Detroit Gray Iron Foundry
Detroit
112% Mar
114 'A
Jan
3%
6'/a
Jan
Jan
12
'l%
1%
5rA9
12%
300
4'A
5,000
4
1%
Feb
12 J/2 Mar
3%
Jan
18'A
1,300
23'A
100
71%
73%
25
150
Jan
Jan
18%
24'A
Feb
Feb
10%
Feb
Jan
74
69
24%
24'A Mar
Jan
85
dep rets ord reg
(The) Co
Durham Hosiery, class B common
Duro Test Corp common
Duval Sulphur & Potash Co..
w
1
£l
American
6%
13%
States
5%
Feb
5%
Feb
2%
Feb
2%
Jan
12%
Feb
14%
13
13%
Jan
7,800
13
2%
1
preferred series A
$6 preferred series B
Eastern Sugar Associates—
Common shares of beneficial int
_3'A
"3
'31/4
400
-*■*
-•
72'A
72'A
72 »A
25
65 'A
64%
65%
21%
221/4
80
80
101/4
10%
20%
19'A
21%
18
17'/a
18
22 Vb
10%
5
.—1
100
1
5
10c
—1
Jan
64% Mar
Feb
33/4
Jan
,73'A Feb
Feb
75
30'A
Jan
Jan
3
Jan
4
Jan
703/4 Feb
75
Jan
62'A
Feb
67'A
Jan
500
18%
Jan
23
Feb
100
77'A
Jan
81
Mar
2,900
8%
Jan
10%
136,200
17%
Jan
21'A Mar
5,100
11%
Jan
18
90
103'A
Feb
105%
5% Jan
x6'A
13A
537
6
600
16%
18
19
6.600
43%
44
1%
1%
5%
3/a
1
28'A
28,800
100
44t
5%
5%
%
1
Corp Ltd....
Eureka Pipe Line common.—.—
~5%
1
.10
—
Eureka
23A Mar
67
Jan
1%
175
105
105
;•
Feb
4'A Jan
17
29
1 ■v
*>v
Electrographic Corp common
Empire District Electric 5% pfd
775
4,450
68
1
Empire MJJlwork Corp—
Emsco Derrick & Equipment—
4,900
3
71'A
64%
25
*
Corp
2%
x70
66 'A
100-
$7
70%
Jan
Mar
J/a
100
prior
Eastern Malleable Iron
Eastern
.
13
i
preferred
preferred
41/2%
"2%
3%
1
•
Jan
Feb
50
W
-Ci
n
Feb
29
951/2
700
1
c*
.1
.*
Duraloy
Jan
4'A Mar
Jan
9'A
25
14%
38'A
Mar
23
150
Feb
Jan
Jan
-
16%
17 'A
-
l3/4
300
--
%
,
Feb
12
1%
Jan
Jan
Mar
Jan
Jan
Mar
19
13A
Jan
-Jan
x45
Jan
5'A Mar
6
Jan
42
fa Jan
fa Jan
7,800
15
Feb
Jan
16%
29% Mar
Jan
Jan
243/8 Mar
Jan
3'/a
Jan
Dunlop Rubber Co Ltd—
Esquire Inc
Jan
Mar
Jan
22'A
1,500
•
Jan
3'A
Feb
2'A
23'A
10
*
Feb
9
11%
243/a
17%
Jan
Jan
Jan
37
-•
Dominion Steel & Coal class B
25
Dominion Tar & Chemical Co Ltd.—•
Dominion Textile Co Ltd common.
•
Jan
1%
23%
~4>A
8'A
14'A Mar
146
9'A
Ltd
Jan
75
Feb
100
12%
1
3%
Jan
Jan
29'A Mar
1,900
,
24%
1
19%
8'/a Mar
2
2 J/a
ord reg 4s
Duke Power Co
Mar
10%
11
Domestic Credit Corp class A
Draper Corp
Driver Harris Co
7
Jan
2%
11
11
Dobeckmun Co common
Dominion Bridge Co
x25%
135
Ltd—
American dep rets
2,400
14'A
•
Raynolds class B
Co
100
7
7
13
14
1%
Products.
Steel
Devoe &
29
1
10
22%
Jan
1
5%
534
16,900
4%
Jan
_•
-10
Fairchild Engine
600
Jan
13%
1,700
11
3
Jan
1%
Mar
46'A
10%
10%
11%
8,200
10 '/a
Jan
12'A
Jan
67%
65
673/4
350
x61'A
Feb
76
Jan
2%
Jan
Fairchild Camera & Instrument
*
Mar
5
88%
1
30%
8%
Jan
Feb
3
17'A
*
Jan
£1
10
Mar
7 J/4
->
(ord
receipts
dep
Jan
3% Mar
5%
Jan
& Airplane
Metallurgical
Fire Association-(Phila)
Feb
26'A
Jan
First York Corp common
Jan
71/4
Jan
2s 6d
1
4% Jan
79
Jan
143/4
?% Mar
20,300
%
10%
Jon
3,300
19
30
1?"-
2,500
;1 J/a
30%
1
50
convertible preferred
116
5
16%
*
A
common
Jan
80
79%
18%
77'A Feb
Jan
113%
2.000
14 J/8
5
Feb
11
69%
100
xl06
13%
3
.
800
4,200
81'/a
-.1.
& Reynolds common
10%
114%
xl06
*
Inc
Corroon
Equity Corp common
$3 convertible preferred..
2% Mar
63
150 % Mar
5'A
112% 1123A
*
1
3
18%
6 "A
1,825
'
77
75%
xll'4
Electric Eond & Share common
150% 150'A
2,200
7%
45
Ltd—
Carreras
15'A Mar
3 Va
shares of beneficial int
Easy Washing Machine class B_
•
$5
l'A
Feb
16
14
1
Consolidated Liquidating Corp
•
Consolidated Mining & Smelting Ltd—5
Consolidated Royalty Oil—
10
Continental Car-Na-Var Corp
1
Continental Foundry & Machine Co—1
Cook Paint & Varnish Co—
•
Cornucopia Gold Mines
—5c
$5 pfd
2.50
Carr-Consolidated
24
5}J Mar
•
1
common
Power
9
Jan
12,400
•
100
Co
&
9 J/a
4'A
~6%
•
Capital City Products common
Carey Baxter & Kennedy Inc
Carnation
mmmm
~5}J
•
.Canadian Marconi
Feb
23/8
100 j;
preferred series C
Eastern Gas & Fuel Assn common—
Ltd—
preferred
Jan
Jan
%
65%
13%
9%
Jan
1% Mar
200
*
voting.
8%
7%
1,200
1,500
2%
114
100
:
Consolidated Gas Utilities
Warrants
Alcohol—
Class B non-voting
Amer
6%
Jan
•
common
preferred
Industrial
Canadian Industries
Amer
Jan
20
Canners Ltd
Canadian
Carman
4%
*
5
preference
Class
%
£1
1
Insurance
Bread
6J/2%
400
7
1
Corp
Canada Cement Co Ltd
»>
■
common—50c
preferred
Estate
Edmonton
California
Carter
14'A
Mar
6
14'A Mar
6
--
--
11%
—
13%
Wireless—
&
Calgary
12%
>«
12'/2o
American dep rets 5%
7%
—
—
Corp Amer dep rets
Biscuit Corp
Feb
2%
75%
Pwr Bait com—•
Lt &
series B preferred
J/2%
Distillers
Brown
Buckeye
10
Jan
3%
13%
Bruck
Jan
Jan
13 %
8%
10s
A
common
7%
Jan
Jan
Feb
Mar
7%
11
-1
Co
Feb
Feb
Jan
15
8'A
H /a
8'A
Jan
52
11
8'A
Jan
7 "A
190
85
Jan
L)
19
19,300
i»
73
15'A
1
Vtc ext to 1956
Consol Gas Elec
Cuban Tobacco common..
Jan
4%
Jan
Jan
Compo Shoe Machinery—
Jan
8'A
— — — —
64J/4
600
8%
%
69
7
Jan
8%
mm mm
6IJ/2 Mar
9 '/a
44
2'A
Jan
mm
11%
700
7
35%
34
7% Mar
mm
Feb
62 J/2
45
Mar
500
8
mm mm
Feb
9%
100
1
Community Public Service
1'A Mar
700
£1
Distillers
Jan
9J/2
~9%
25
Inc
Commodore Hotel
Cuban
58%
*
B
Jan
7%
Jan
493/8
Feb
£1
ClaSS
4%
Feb
5%
Jan
•
Brown Forman
Jan
6 J/2
5'A
5%
•
common
class
3%
300
5%
12%
1
reg
2,700
.
Jan
•
Co
Power
Co
Manufacturing
Jan
14
Jan
*
Light & Power
dep rets ord
7
38%
6
20
11%
4
1
16
16
16
preferred.100
common
Columbia
4%
8
29%
1
25
Colonial Sand & Stone Co
Jan
3
12'AJan
Amer
Amer
!
>
133/4
150
Tobacco—
Amer dep rets ord bearer
British
Jan
3% Mar
16
700
11
—
Jan
7 J/4 Mar
17% -Feb
•
dep rets ord reg
Celanese Ltd—
7J/2
Feb
%
5%
14/2
34%
1%
34
"•
American
British
Feb
Feb
Crystal Oil Refining common——_•
$6 preferred..
10
--
—
5%
Jan
•
Class A
British
9%
1,700
*
British-American Oil
8'A
1
Creole Petroleum
7,600
7%
25
Manufacturing Co
21%
.7
—
Jan
4 %
85
1
common
Bridgeport Gas Light
Brillo
1,000
1%
1
Co
Traction
14'A, Jan
300
~8%
9
4
.
38%
7 /4
34
*
common.
Borne, Scrymser
Bourjois Inc
800
7%
2'A
ordinary
Colon Development
Jan
52%
4 %
12%
1
1
cumulative
20%
17%
*
*
35% Mar
6%
—
1
common
& Co
Feb
61%
__
Co common
Colonial Airlines
Colt's
Mar
21%
~9%
-
Cockshutt Plow
Feb
165
8%
1
common
22
Jan
Jan
4'A
'
—1
Clayton & Lambert Manufacturing
Clinchfield Coal Corp common
Club Aluminum Products Co
Jan
37
1
Co
Controller
Clark
j
14%
14'A
3%
5
10
City Auto Stamping—1.
City & Suburban Homes
95 % Mar
142J/2
7
71'A
Service common.
10%
Jan
950
17%
1
—10
Mining
Consolidated
Cities
Jan
Feb
1,500
19%
common
Chief
Feb
8%
1,200
20'A
America
of
85
21
17%
—
—
25
Co common
prior
Brazilian
"
3,100
'
common
Blumenthal (S)
18%
61%
Corp
Jan
Courtaulds Ltd—
4'A
„
Inc
High
81%
158% 164
19%
—2.50
10
Cherry-Burrell common
5
Chesebrough Manufacturing com..
10
Chicago Rivet & Machine
4
Chicago & Southern Air Lines
•
Voting trust certificates
*
Chamberlin Co
Charis
Feb
7J/4
1
common
800
9'A
6%
1
Aircraft Co common—
Cessna
Crown Cent Petroleum
1
Canada
Hedges
Ridge Corp
5'A%
300
—
Birdsboro Steel
Fdry & Mach Co com.*
Blauner's common
3
Blue
56%
37
.
10%
—
•
Beck (A S) Shoe Corp__
Bellanca Aircraft common
20'A
163
100/,
...
preferred
59'A
4lA
Baumann
Bickford's
__
shares
Barium Steel Corp
Basic Refractories Inc
Bell
55 J/4
37
55 J/2
30
.
8%
129
94
opt div series.—100,;.
Conv pfd opt div series 1929
100',.'?
Century Electric Co common—.
10 ,,
Century Investors Inc.
2
Convertible preference
—10
Conv
American
preferred
Low
85
84
8%
1
Ohio Steel Products
4% pfd—— ICO .
SCentral States Elec 6% preferred__100;
5%
Locomotive—
7%
Wilcox
85
100
$1 preferred class
&
Range Since January 1
High
Central Power & Light
Cosden
Babcock
Low
Sales
Feb
1
116
116
*
.2.50
Industries—
rets
Shares
Co—
preferred
3.50%
Clarostat
Jan
Corp
Steel
Jan
4%
4%
7
.
Feb
Mar
133
5%
4%
b
12'A
Associated Tel & Tel class A
Atlantic Coast Fisheries
Automatic
31
1,550
preferred
Coast
Jan
1
Power & Light $7 pfd
Equipment Corp.
Oil & Refining Co
dep
26
13%
Arkansas
American
Jan
13 '/a
Ashland
Electric
26%
Feb
pfd—.100
1
Common class A non-voting
6%
preferred
conv
Jan
31
1
Argus Inc
Associated
37
13 Ms
Manufacturing Co
Aspinook (The)
Jan
£1
Appalachian Elec Pwr 4'A%
Natural
34'A
7
43/4
6%
1
Angostura-Wupperman
Arkansas
553/8 Mar
Ltd—
Co
dep rets ord reg
Apex-Elec
16'A Mar
Jan
5%
5
2
common—
Jan
5'A
%
5
common
Products
Post
Feb
131 'A
5'A
131
*
3'A
13 J/2
47
27 "a
15%
53'A
Republics
Atlantic
16%
25
com
Class B
American
41% Mar
100
1
Chem
&
Jan
2%
36'A Mar
900
413A
40%
—
•
Potash
Feb
115
Jan
Jan
1,050
common—2
Co
Gas
2
12'A
—
*
Products
110'A Mar
34'A
203/4
Meter Co
$1.20
25
11%
Maracaibo Co
American
Aro
5,700
20'A
1
Co
American
Amer
2'A
36'A
20
Laundry Machine
Anchor
225
2J%
36'A
2'/a
1
of Trices
Par
Central
25
Hard
American
Rubber
110'A 110'A
110'A
100
preferred
American
American
9% Mar
Jan
8%
Electric—
4%% preferred
American General Corp common
$2 convertible preferred
$2.50
3,100
for Week
High
Low
9%
9%
9%
1
Gas
1
Range Since January
High
Light—
B
American
Range
Sale Price
Exchange
New York Curb
Central Maine Power
Cities
Week's
Last
STOCKS
23
4%
—
Fansteel
$2
dividend
.
10c
cumulative preferred—1
2%
33
28 %
29'A
6
1,800
2%
3
800
32%
33
100
31% Mar
6%
3'/a
33
Feb
Jan
Mar
i
Volume *171
Number 4891
THE
COMMERCIAL
NEW
YORK
RANGE
Week's
Friday
East
STOCKS
Low
Par
Fishman
5c
to
(M H)
$1
Co
American
CURB
WEEK
1
—
372
24
Class
B
voting
23%
—
*
—
Low
100
16%
Feb
700
3%
3%
21
'
Jan
22%
—
—
Jan
ft
Kalser-Frazer
26 7a
Feb
Kawneer Co
28
Feb
Kennedy's Inc
Key Co common
Corp
16%
9'A
16%
10
1,400
11V2
Jan
1,100
31%
31V2
50
XI2V2
13%
8,000
9 7» Mar
\h Jan
18
Feb
1178
Power
Co
13'A
Jan
29%
Feb
32
10
common
*
;
Jan
13% Mar
7%
Jan
Mar
5%
Alloys Co
Supply Corp
preferred
dep rets
ord
General
Fireprooflng
General
Outdoor
General
Phoenix
pfd
General
4%
Jan
67a
Jan
1%
800
174 Mar
2
Jan
800
3 74 Mar
3%
Jan
23
100
23
Feb
6%
pfd
(Walter)
Public
Corp
472%
preferred
100
Kings County Lighting common.
4% cumulative preferred
IKing Seeley Corp
Kingston Products
Kirby Petroleum
Alden
"l
(D Emil)
Kleinert
Knott
Co
common
common.
Kobacker Stores
Kreuger Brewing Co
(The) Forge Co
Jan
Feb
42
21
Jan
237a Mar
27a
Jan
157a
16%
7,300
4,700
117a
Jan
17 7a Mar
1ft
1ft
Jan
1ft Jan
7a
9%
200
97a Mar
3%
10
Feb
Jan
12 74
Mar
13'A
Jan
350
23'A
Jan
32%
Feb
8%
8%
700
7%
Jan
9%
Feb
137a
Jan
"2%
2%
2%
200
27a
Jan
4 72
Feb
1078
11%
8,700
10%
Feb
6%
6 7A
3,800
7
774
900
29
1
._33y3c
x49%
Laclede-Christy Company
L'Aiglon Apparel Inc
5
Feb
Feb
107%
Jan
Lake Shore Mines Ltd
1
11%
6%
6Va
6% Mar
Jan
16
27/a
Jan
Feb
Jan
7%
Jan
7% Mar
8%
Feb
1,300
5,100
7%
6%
4%
113%
175
3%
5%
3
Lakey Foundry & Machine
1
Feb
Lamson
Corp of Delaware
5
Feb
Lanston
Monotype Machine
Extension University
Feb
La
107%
Feb
4%
Jan
4,100
5%
2,200
450
17
Jan
2__
14
Jan
14%
Feb
15%
Feb
17%
Jan
Jan
Locke Steel
Mar
5,% Jan
19%
Feb
15%'
12'A
11%
12'A
1,200
11%
Feb
13
5
18
16
18'A
5.900
11
Jan
18% Mar
1
2
class
2
1%
*
i
16%
43
3,600
%
3,100
1%
100
43
41%
•
♦
80
1
80
ft
80
A
50
%
74
6,800
4%
64
25
14'A
Feb
Jan
Griesedieck Western Brewery.
Grocery Stores Products common
Louisiana
9
Jan
16% Mar
6 %
Jan
800
10
Feb
Gulf States
100
Utilities $4.40 pfd
Alabastine
Gypsum Lime &
12%
Jan
130
Jan
137
135%
50
42-%
750
40%
Jan
44%
Feb
30%
250
26%
Jan
31%
Feb
10%
111
__
111
100
9
Jan
10%
Feb
109%
Jan
111%
Jan
♦
6%
Power
&
Hamilton
Hartford
Electric
5 74
300
Feb
6%
Jan
107a
10%
ll'/a
1,100
10%
Jan
11%
Light
16 "A
16%
400
14%
Feb
16% Mar
487a
49
140
47%
Jan
50%
25
1
Harvard
1%
*
19%
5
Service
Heller Co
5%7e
:
common
preferred
preferred
w
Henry Holt & Co
(R)
w.-.^—
„H00
Hollinger
Consolidated
G
M
20 %
5,100
16
Jan
20%
9 %
Hardart
&
Hubbell
Jan
13
102
74
Jan
77
Mar
9%
110
300
3
34 74
.
8% Mar
167
33%
33%
12%
9%
Jan
250
45%
Jan
48%
Jan
3,900
8%
Jan
9%
Jan
900
2%
Jan
3%
Jan
700
31
Jan
11
A
Mar
34% Mar
13%
Jan
Textile Corp common
Participating preferred
Michigan Bumper Corp
Michigan Steel Tube
Hygrade
Middle
West
Corp
Jan
46
Feb
Midland
Oil
30
160%
Jan
167
Feb
Midland
Steel
50
32%
Feb
34
Jan
Midvale
Co
400
4
Feb
*
Jan
48%
Jan
51
Feb
8%
Jan
16
Mar
16
125
110%
4%
Jan
2%
3,500
2
Feb
2%
Jan
14%
150
14
Feb
17%
Jan
«
3%
Imperial Oil
8'A
15%
7%
300
Jan
14%
Jan
3% Jan
18% Jan
Miller
Wohl
Co
8%
1,050
7% Mar
10
Jan
3% Mar
4
Mar
Minnesota
Co
*
18%
18%
Power &
18%
8,900
18% Mar
20
Jan
Light 5%
Co of North America
Inernational
Cigar
International
Preferred
400
18!A Mar
20
Jan
Morris
200
11%
13
Feb
Mountain
lo
Machinery
•
$3.50 series
Metal
50
Industries
A
*
Registered shares
190
98 %
104 7a
10472 106%
1,550
103
400
14
Jan
15%
81%
850
7572
Jan
82% Mar
8 Va
6,700
15
&
80
Jan
10
Jan
Jan
102
Mar
Jan
113
Jan
~77a
8
8 7a
8 7a
8 7a
100
12 74
11 %
12 74
1,100
»
%
772 Mar
•7%
11
Jan
Jan
%
500
%
1,400
IV2
Jan
30 7a
307a
19,600
23
23%
3,500
87/a
com
w
com
d
w
;
"Va
307a
23 Va
92'A
Jan
95
13%
13%
14
500
13%
Feb
16%
5 %
Jan
ijj Mar
Co—
100
Manufacturing
v t ci'
*
50
574
57/a
Jan
104 Va Mar
14,800
Plan
2
Feb
110
Jan
Mar
6%
Jan
Jan
Mt
1
6
6
6
400
Italian Superpower Corp com class A__*
1
1
1
Feb
30% Mar
23
237/e Mar
300
1,109
8
Jan
Jan
53
Mar
55% Mar
67/a
7 7/a
8
1 7a
7
Jan
500
G%
7% Mar
8 72
Jan
1,000
Feb
172
Jan
6%
Jan
8%
Feb
Jan
1%
600
77a
Feb
8
7a
Feb
9 7a
87/a
9%
8,900
8%
Feb
9%
Jan
2%
1 a
9
z
2%
700
2
2ft Jan
j jf Mar
1 ft
19,800
1074
107a
250
10
Jan
107a
Jan
2572
25 72
100
24
Jan
26
Feb
13
Jan
17%
Jan
14 7a
1472
15 7a
1,300
3 7a
372
3%
600
•
Society
4
Jan
21
Ward & Co
class
100
25
2374
Jan
25
1 %
Feb
272
Jan
572 Mar
6%
Jan
2
2
2 %
2,000
5%
1
5 72
5%
500
10%
200
3%
30% Mar
*
—
1072
10%
Jan
32 7a
11%
class A
104
75
Tel
&
Mar
Feb
39
Mar
x7 7i
900
67a Mar
77/a
2%
2%
900
2%
37a
101
100
3574
Feb
10772
Jan
400
2%
Jan
300
17672
Jan
74
25
3474
Jan
6 74
2,400
37a
38
Jan
Jan
6%
137a
14
900
13% Mar
15%
347/a
35%
850
3172
357/a Mar
72 100 7a
30
5%
67a
14
35 7a
99
r.
Jan
"eb
104
24%
24%
24%
200
24
Jan
25%
*
41
39%
41
550
327a
Jan
41
8 7a
8
200
87a
Jan
2.50
74
10
12%
12%
12%
300
50c
common
Feb
183 7a Mar
5
Mfg Co
Muskegon Piston Ring common
Muskogee Co common
Jan
Jan
27a
35
Jan
105
183 'A
27/a
182
*
Feb
Feb
99
102 7a
27a
100
Mills
Verncn-Woodbury
101
10c
Tel
Feb
105
67/a
*
Jan
Jan
2%
10
Feb
101
6%
*
common
Jan
34
104
A—1
of America
Corp
Company
2472
100
Producers
States
24 72
series B—100
com
Jan
Jan
20
1
Murray Ohio
Muter
110
5%
200
ll7/a
11%
12 7a
2,900
13
13
8%
Feb
Jan
Jan
Jan
Mar
Jan
7a
Feb
13%
Jan
10%
Jan
127a
Feb
12
N
Jan
297A Mar
Mar
Mountain
772
55%
.,.
1 Va
Nachman Corp
Namm's Inc common
National Bellas Hess
__10
1
Mar
7%
,
—
.
297a
•
National Fuel
77a
Feb
National
Mallinson
1
Jan
National
Mfg & Stores common...
1
8.400
Pressure
Cooker
2
127a
31
3674
75
12%
13
common
200
72
28%
8
lYa
Fabrics
74
3
36
_25
Jan
Gas
4
4
37a
*
preferred
200
74
37a
—
1
common
National
Irving Air Chute
4%
100
674
*
National Breweries common—
preferred
Jan
Feb
2 7a
Jan
*
—
d
•
57a
110
l7a
Jan
Feb
17a
1%
Jan
8%
1%
■
Jan
67i>
12% Mar
_i
Light
Service
81
*
Safety Razor B__
Investors Royalty.
Iowa Illinois G & E
Public
8%
xl01%
10
International Products
Fireman
200
101
14%
1%
1
Mountain States Power
*
International Petroleum coupon shs
International
9
Feb
101
15
1,600
5%
pfd—100
Moody Investors participation pfd
18%
Hydro-Electric—
International
Power
Montgomery
11%
8%
7%
17
7%
common
cumulative pfd
11%
£1
110
6 7a
*
Corp
Loan
18'A
Indianapolis Pwr & Light 47o pfd__.100
Insurance
4.80%
5
Imperial Tobacco of Great Britain &
Ireland
1%
Jan
31
772
50
cumulative preferred
*
Imperial Tobacco of Canada..
Jan
1%
50c
common
Missouri Public Service
Monroe
£1
(Canada) coupon
13%
10
4%% convertible preferred
Mining Corp of Canada
4.40%
Industries—■
Registered
300
6,000
Jan
7%
common
Abrasive
Oil
Molybdenum
Chemical
Tan
172
6% Mar
6Ts
XI6V2
Jan
x772 Mar
7%
Midwest Piping & Supply common
Mid-West Refineries
American dep receipts registered
47»
Jan
774
Monogram Pictures common
Monongahela Power Co—
Imperial
Jan
*
4%
•
Jan
17a
50c
4
common
3%
6%
30
$2 non-cumulative dividend shares.-*
5
Illinois Zinc Co
100
209
3,100
5
Manufacturing Co
14%
Jan
Jan
1%
774
common
Mid-West
15
7%
21%
Products—
Midwest
5
Feb
Jan
4
6%
Jan
67a
18%
7 7a
15
$1 conv preferred..*
Corp
Jan
Products
2V2
5.2U0
1,000
7%
21
1
22% Mar
Food
Jan
!
17a
55%
common
86
2
1574 Mar
10
Jan
14%
38 72 Mar
Jan
Jan
Jan
1
Micromatic Hone Corp
Middle States Petroleum
Jan
1!.
Jan
6%
•
Jan
9
35
87a
7
15%
1
18%
1
100
2.50
Michigan Sugar Co common
6%
preferred
81
___l
Feb
CO 00
15
108%
common
9%
14V2
—25c
1,700
1st convertible preferred
Hydro-Electric Securities
Jan
127» Mar
572
5,600
14%
Jan
14 74
14
4
1
84'A
16
12'A Mar
300
7
174
100
Co
22%
warrants
Mar
3174 Mar
& Scott Corp—
preferred
22
stock
131
113
300
1
81
Common
Jan
Feb
"272
*
Refrigerator $2.25 pfd
Hussman
267a
300
I
1
22 %
*4%
500
*
84
%
Jan
106
9
6%
Co
*
&
Feb
Mar
3872
1
5
(Harvey) Inc common
& Refining
1V4
14% Mar
152
Mar
12'A Mar
43
*
9 74 Mar
12%
Warrants
672%
% Mar
Jan
S %
167
Jan
Jan
15
9
20%
common
Metal
Jan
100
Oil
Lock
Huyler's
Mesabi Iron
11%
77
2%
*
common
Jan
96%
15
preferred
15
Jan
30
*
(Geo A) & Co
Hardart Baking Co
13
100
47
32%
'
Jan
Jan
600
8%
2 %
__
Feb
8%
11%
12'A
46 %
121
Jan
27% Mar
26%
147A
*
Dredging
Mfg Co
Merritt Chapman
Jan
13
9
46 7a
900
13
10
Menasco
10% Mar
102
102
68 6n0
£1
& Co class B
(A G)
11% Mar
127a
1
Inc
McKee
Jan
xl2%
■
Jan
Feb
26%
1274
1
10%
6%
1272
12%
10
Co
300
200
-
12 7a
27
Jan
111%
•
preferred—1
Oil
1174
3,300
5
Horder's
9,500
Co common—_
convertible
5%
McWilliams
767a
Holly Stores Inc
Holophane Co common
Feb
McAleer Mfg
McClanahan
Mead Johnson &
3,900
1
._lo
5
Jan
8 7a
1
w_^_.
common
& Co class A
2,525
Co
Power Shovel
Jan
107a
•
Jan
"
2%
14-%
13
•
10 72
26% Mar
Feb
3174
14 72
•
2%
10%
.2
w
29 Va Mar
1T%
128%
1
Jan
14%
•
:
.
2072 Mar
Feb
Feb
_*
Co
(The B)
Jan
77a
15%
Jan
Jan
29%
Manischewitz
1%
8
Feb
Jan
15%
7/a
126 72
Mangel Stores common
1%
10 %
25c
13
8%
31
14%
15
Public
600
xl4%
Mining Co
Jan
200
1
128
10
Maine
2,400
*
14%
M
19 7a
___1
common
2
Feb
8.500
8%
7/a
9
2 7a
.
Helena Rubinstein common
A
1%
O
■
127a
Feb
1
5
11
1
;
Jan
Mar
146
Macklntosh-Hemphill Co
4
-
Brewing Co..
Hathaway Bakeries Inc
Hazeltine Corp
774
24
143
2
Jan
1672
Hartford Rayon common
Dept Stores
5 7a
*
common
8%
1
Lynch Corp
Marion
5
Co Ltd
Paper
Jan
5 72 Mar
26
14%
Massey Harris common..
5
Bridge
22%
175
25
144 74
Mapes Consolidated Mfg Co
Marconi
International Marine
H
Hammermill
Feb
7%
Jan
6,100
X267a
100
Light $6 pfd
Communication Co Ltd
Hall Lamp Co
Jan
Jan
Feb
100
,
24 7a
146% Mar
10%
*
8 74
672 Mar
67a
Jan
128%
30
2
Jan
7% Mar
41'A
25c
26
24%
100
Louisiana Land & Exploration
Feb
1,300
134
25
*
6
10%
42
100
26
•
1
w
65
146%
135
common
preferred A ctfs of deposit
preferred B ctfs of deposit
45
600
25
Paper___
7%
1174
26%
1
deposit
Jan
1,200
100
preferred
New
Jan
Co
of
Jan
7%
10'A
5
certificates
Mar
5
2672
1174
26%
26%
10
4%
14%
143
Feb
Chain
Gas Co
Star
Feb
1474
12 7a
28
1,100
15,100
•
Common
Mar
%
20 Va
•
61%
7 %
10%
80
15
1874
—
—
•
(Texas)
Longines-Wittnauer Watch
Long Island Lighting Co—
Jan
14%
197a
25
common
100
65
13%
145'A
common stock
Lone
400
14%
1
450
4%
64
Jan
Jan
28
Jan
45
*
10
2%
45
ft Mar
50
A
Jan
Jan
Mar
25
Lit Brothers
137a
13%
6
Jan
20
300
13%
•
preferred
Loblaw Groceterias class A
16
200
6 'a
6 72
1
Lionel
Corp common
Lipton (Thos J) Inc 6%
20%
5
Class B
3
57s Mar
l
a.
Salle
20%
5
Lefcourt Realty common
Le Tourneau (R G) Inc
25
B
Inc
Northern
116% Mar
3'A
*
B
1st
Feb
4%
100%
19%
5%
19
*
& Co
6%
Jan
113% Mar
107 %
1
J
113% 113%
Jan
12%
1
Feb
2%
100
Atlantic & Pacific Tea—
4.90%
874
Jan
7a
Jan
♦
Iowa
1,100
105 74 Mar
Jan
2,000
1
Kropp
Feb
7
387a
3'A
287a
41%
5
Iron
Jan
Jan
237a Mar
♦
Co
Non-voting
Iowa
Jan
12%
13
17a
•
287a
100%
Gray Manufacturing Co
Hurd
23 %
9
1
40
1
Humble
200
1037a
7,600
I—110
(I B) Rubber Co
Corp
30
8%
407a
17a
700
Grand Rapids Varnish
57c
107a Mar
Feb
117
3 7a
16 74
1
'46 %
45%
4
Manufacturing common
Graham-Paige Motors 5% conv pfd
Horn
13
Jan
1,000
•
105'A 105%
46'A
6
Gorhain
&
Jan
9%
200
12%
3 %
100
3%
Coal
Union
Hormel
117a
1174
7%
237a
100
6%
i
Gorham Inc
Horn
17% Mar
23
1
1,300
3%
$4.50 prior preferred
Goldfield Consolidated Mines
Goodman Manufacturing Co
47c
Jan
39
%
50c
Gobel (Adolf) Inc common.
Godchaux Sugars class A
Hoe
15%
8 7a
7'A
6
$6
Glenmore Distilleries class
Class
Feb
1,000
17%
10574 105 74
•
50
8
1
Gladding McBean
Hearn
Jan
*114%
1174
12%
7
1
Service
Gilchrist Co
Hecla
Feb
4%
10
1174
5
....
7%
38,800
i— '
•
Co
J
6%
16%
5
&
6%
100
Giant Yellowknife Gold Mines
Gilbert (A C) common
77c
5%
17%
7%
*
common
Adv
Gerity-Mich Corp
Great
High
114% 114%
7
1
10
preferred..*
Georgia Power $6 preferred
*
$5 preferred
♦
Great
200
674
100
6%
£1
reg
General Plywood Corp common—
Class
Feb
3%
23
25
Finance Corp common
preferred series A
Globe
Low
Electric Co Ltd—
Amer
Glen
Jan
9374
l'A
3'A
1
com
5%
16%
Jan
3 %
*
Builders
General
57c
5%
Jan
91
1
common
convertible
General
1574
100
Mfg Co
General
Range Since January 1
High
Kimberly-Clark Corp—
Jan
77a
__
Kidde
1
-
7%
Klein
General
Low
If
Jan
5 7a
Feb
—
5
Co_„
A)
3,500
1
50
preferred
preferred
Gellman
Shares
Feb
Kirkland Lake G M Co Ltd
57c
for Week
For
-
Gatineau
Sales
Range
of Prices
,
,
High
Feb
21
%
1634
1
1.25
Simon & Co Inc common
convertible
(Geo
2,800
25
i',>
—
(Peter) Brewing
Fuller
Week's
Last
Sale Price
STOCKS
New York Curb Exchange
Range Since January 1
France—
deposit receipts bearer
Fort Pitt Brewing Co
4%%
17
Kansas Gas & Electric
non-voting
Franklin
MARCH
Friday
Shares
20%
—
£1
deposit rets ord reg
A
Fox
EXCHANGE
ENDED
Ltd—
Class
American
(1169)
for Week
High
Ford Motor of Canada—
Ford Motor of
CHRONICLE
Co—
Stores
Ford Motor
FOR
FINANCIAL
Sales
Range
of Prices
Sale Price
New York Curb Exchange
&
12%
16,300
1,160
Mar
,,13 7a
Jan
4
Jan
472
Feb
37,
Feb
4
Jan
>-* to .w
287a Mai36
10 74
Mar
Jan
327a Feb
3674 Mar
12% Mar
8 7a
900
9
Jan
13
13 74
200
107a
Jan
14
Jan
9
9 74
1,300
874
Jan
11
Jan
87a
8%
100
87«
Feb
97a
7
77a
500
6%
Jan
77a
177a
Jan
27a
Jan
77/a
——
774 Mar
'
National
Radiator
National
Rubber
National
Jeanette Glass Co common
Jefferson
Jim
Lake Sulphur Co
Brown Stores
Preference
Julian &
4
Kokenge Co
For footnotes see
page 31.
*
--
4
7a
700
8 7a
8
V'4
1,100
3
8'A
common
3
300
3
Mar
3
3%
700
3
Mar
—
—
—
3%
6%
17%
Jan
Jan
Jan
5%
8
Jan
National
Union
.
Machinery
_
4
10
Ltd
common
1
7
•
Car
National Transit
4
(N J)
Steel
Co
Radio
37a
27a
30c
37/a
37a
5
_
32 7a
32 72
35
8
3,100
37a
7,000
2%
Jan
1,700
24'A
Jan
Jan
Jan
1874 Mar
4%
Feb
4%
Feb
74 Mar
37/a
Jan
3%
Jan
19%
Feb
Neptune Meter commonNestle
New
Le
Mur
England
Co
Tel
common
&
Tel
_
1
_
.
100
57a
94 72
94%
34
5%
200
57a
94 72
100
9*%
Jan
f eD
357a Mar
67a
97
Feb
Jan
29
30
THE COMMERCIAL &
(1170)
WEEK
FOR
RANGE
ENDED MARCH .17
Week'a
Sales
East
Range
for Week
of Prices
Shares
Sale Price
New York Curb Exchange
Low
Par
New
Clock & Watch
Haven
1
Co
Range Since January 1
2,500
1
% Mar
r
20
convertible preferred
New Jersey
Arizona
&
Mexico
New
Park
New
Process
3%
49
__
53
Zinc
New
1
1
*
•
Land
Mining Co
Co
common—:
Co
couunon.:
New
York
Auction
New
York
& Honduras Rosario
York
New
8 VV
IV*
__
lVb
200
O
14,200
49
300 *
7
7%
...
30%
250
10%
10%
10%
..4
Mar
1%
w
<*
Feb
1%
Jan
Jan
76Va
Feb
Salt
7 Va
Jan
Samson
Feb
Savoy Oil Inc
Feb
dan
31
10%
Feb
13
Jan
17%
Jan
19
Mar
Corp
Share
Niagara
common.
.
RR Co..
Ind
Jan
17% Mar
12%
Jan
15 %
Jan
Securities
Feb
Seeman
__
9%
9%
10%
3,000
9%
Jan
10%
23 %
21 %
24%
1,500
14%
Jan
24Va Mar
Pub
'/8
Jan
1
47%
900
43%
Jan
48
Mar
Jan
3
Jan
Feb
12%
Jan
Jan
3%
Jan
3%
93%
Feb
•
7%
16%
__
7,500
Jan
84%
101% 101%
8
1
3%
2%
I.
—
—
101%
11
400
8%
16%
101
23J
Mar
101% Mar
Jan
8% Mar
6%
3,600
16% Mar
100
it
18'/a
Jan
Leather
class B
Ohio Brass Co
Ohio
4V2%
Power
common
preferred-
Oliver
United
Filters
Inc
__
..
42%
427/8
50
B
'
Feb
Jan
45
Jan
114%
Feb
Mar
37%
Jan
Jan
13%
Jan
17
Jan
18
Feb
400
17 V,
Jan
18%
Feb
700
9%
Jan
11
Feb
34
34%
12%
12%
13
17%
17%
17%
50
17%
17 Va
10
11
17%
Jan
111%
1 Va
11%
34%
Ookiep Copper Co Ltd Amer shares.
Jan
41V»
450
•
15
...
_
class
_
1
1,500
113% 114'%
42%
'
100
1%
1
1
Oklahoma Natural Gas.
Omar
*
2,100
900
34
1
Securities
Can
Pacific
Gas & Electric 6%
51/2%
9%
700
7%
Jan
36%
36 Vb
37 %
1.500
34%
Jan
33%
33%
34
400
31%
Jan
34
Lighting $4.50 preferred
Pacific Power & Light 5%
pfd
$1.30
Panatapec Oil
(C Ai
Power &
Penn
Traffic
Jan
16%
16%
1,100
Feb
Jan
Feb
Jan
3%
3%
26,800
3%
Jan
37/b
25 Va
23 Va
25%
6.900
22 Va
Jan
25%
92
91
92
200
84 %
Jan
92
Mar
Jan
93
Mar
3%
"4%
*4
17
Jan
1%
Jan
14%
Jan
Feb
Jan
700
3%
Jan
4%
Feb
1
7%
6%
7%
7,700
3 Va
Jan
9 Va
Feb
1
1
1%
1 Vb
1%
10,800
%
Jan
1 Va Mar
12%
12%
100
11%
Jan
12% Mar
1
9%
10
300
10%
J£m
2%
1,600
2%
Feb
3%
Jan
21%
21%
1,800
20 Va
Feb
22%
Jan
22%
21%
23 %
4,600
20 %
Jan
23%
Jan
62%
62 V2
63 V2
1,850
62 Va Mar
69 Va
Jan
108 %
20
107 Va
Jan
3
103
109%
Feb
25
18%
Jan
19 Tb Mar
600
15%
Jan
17
Feb
18%
400
18 %
Jan
18%
Feb
3%
500
3%
Feb
6 %
1,000
6
18%
*
*
1
9% Mar
2%
21%
*
5
*
1
25
common
of
Feb
1 Va
1%
cdmmon
30
*
preferred
.1
*
100
Pattern common
Ltd class B
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer
dep rets ord registered
Mar
(Howard)
Smith
Jan
29%
Jan
29%
Feb
Sonotone
29%
Feb
Soss
300
103
Jan
106 Va
Feb
Souih
coast
98%
Jan
104
Jan
South
Penu
15
Feb
I5V2
Jan
Southwest
24%
Jan
Southern
100
100'% 100%
'
_
;
•
——
Paper
4% Mar
294
311
325
Feb
1,950
269
2%
30 V*
Jan
7
Jan
Jan
5%
325
Mar
Jan
Jan
2%
32%«Jan
32%
Jan
13%
Feb
15%
Jan
Vb
Feb
%
Jan
£1
*
Mills
Manufacturing Co
§ Solar
Corp
Manufacturing
Jan
Corp
Oil
common
common
Feb
25
39 Va
Jan
41%
Jan
5^
2 Va
2%
2Tb
24.500
2%
Feb
3
Jan
4.88%
5%
5%
6
40.300
578
Feb
7Va
Jan
4.56%
cumulative preferred
convertible preference
17
17
100
16%
Feb
Feb
4.48%
convertible preference
24
x22 Va
'
__
'
10%
1
*
52
24%
250
10%
10%
200
52
V
5
53
20
1.200
26 Va
26 Vb
50
,
26 Va
1
pfd
10% ,11 %
11 "a
100
Penn Water & Power Co
'27%
Jan
4%
37%
36%"
56
56
100
37%
4%
1,900
preferred
cumulative
4.32%
12
Jan
Southern Pipe Line
57
Jan
Southland
Speed Queen Corp conv class A
Spencer Shoe Corp
Feb
4%
Feb
Jan
48'/2
Feb
24%
Jan
29%
3 Vb
2,000
Jan
3%
Jan
8%
400
8% Mar
9i'2
Jan
3
3 Vb
400
3
Jan
4
27%
800
25%
Feb
28%
Jan
22
150
14
Jan
22
Mar
27%
x27
22
22
2%
Feb
Co
Royalty
90
46%
46%
47 Vb
29
28 %
29
33 Va
33
33'/*
2,600
46 Va
31
31
30%
31%
1,600
27 %
27Va
300
281/4
Jan
47% Mar
Jan
29
Jan
Mar
33Va Mar
29%
Jan
31 % Mar
26 %
Jan
27%
1,700
4%
4%
300
4 Va
33%
300
32%
Feb
16%
16%
350
27%
Feb
33%
16% Mar
4%
Feb
Jan
35
Jin
17%
Jan
26'/a Mar
Jan
3
8%
3
25
25
25
25
25
1
5
Feb
3%
Jan
4%
11 %
Jan
Feb
2%
Jan
Jan
Feb
5%
Jan
Jan
200
2%
Jan
3%
Jan
4%
4%
300
3%
Jan
41/2
Jan
%
400
1
11%
11 Vn
11%
11,000
10
1
20
19%
19%
19 7«
950
2%
2%
100
Convertible
preferred
Dredging Corp
Standard
common
convertible preferred
40Va
Jan
$1.60
100
2%
Jan
3%
Jan
Standard
700
53%
Jan
59%
Feb
Standard
36
3 Vb
4 Va
Standard Cap & Seal common
109%
3
•
2.73
Jan
108
5
•
Stahl-Meyer Inc
Standard Brewing Co
Feb
10%
2%
225
109
108
108
^.2.50
„
23,600
•
com
__
3
Edison—
original preferred
Mar
10%
52
29
4%
25
preferred
Feb
17
4b
4%
•
..25
preferred
California
3,600
8%
—10
Line
Pipe
Pa
15
'
1
__1
12.50
common
14%
15
1
1
1
Co
Aircraft
Solar
Jan
1
Light 4%%
Jan
1%
16 Va
'
Amer shares
Co
13 V2
1,000
100
$3 convertible
Jan
—.
Pennroad Corp common
Penn Gas & Electric class" A
Penn
4,300
1%
3%
29%
4%
cumulative
16%
1%
13 Va
Co common
28
mmmm
Peninsular Telephone common
$1.32
16% Mar
15%
1%
Simmons-Boardman Publications—
28 Vb
— -
•
_
Ltd
$1 cumulative
16
18%
Silex
1.300
—
*
_
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Co
28%
19%
1.100
—-
Paramount Motors Corp.
Parker Pen Co
Patican
2%
Jan
17
29 Vb
'
preferred
v t c
Feb
25%
16%
29V4
•
Page-Hersey Tubes common
(C A)
2Va
1,100
19%
xl05 Vb 105%
.100
common
<
1st
6,300
28
*
29
*
Pacific
Pancoastal Oil
Jan
2 %
27%
___•
28%
__
preferred
Service
Feb
2%
Va
2
Canada
28%
./ 25
redeemable 1st pfd series A._ —25
Public
3 Va
Corp of America class A
Sick's Breweries Ltd
29
preferred
redeemable
5%
Pacific
2% Mar
Jan
37% Mar
5
5%
1st
Feb
97/a
9 Va
1st pfd. __25
common
preferred...
1st
1st
5%
Co
Feb
2%
88 Va
Simplicity
Simpson's
25
Pacific
1%
1%
1,300
27%
25
Shoe
"
Overseas
Feb
1,000
3
1%
15%
common
Sherwin-Williams
Jan
1,100
2%
3
1
-5
preferred
4%
1 %
1 Va
2
100
Denn
Sherwin-Williams
Jan
6,500
Sheller Mfg Co
1 Va
50c
Ogden Corp common
8%
1%
Mining
Shawinigan Water & Power
O
Feb
6 % Mar
13%
Inc—
Sentinel Radio Corp
Shattuck
7,900
6 Va
1%
Sentry Saiety Control
Serrick Corp class B
Seton
30 % Mar
6 %
6(8
26% Mar
13%
stock
B)
(R
13 Va
Jan
1%
prior stock
Allotment certificates
Semler
Jan
23 V3
x25% Mar
13 %
Industries Inc common
Selected
10-2
3,400
—1
*
$5.50
11%
0a
m
4,700
30%
Inc
Convertible
11
3%
—
pfd—100
Northrop Aircraft Inc.
Novadel-Agene Corp
!
1,900
2%
50
:
4V* 'u
Serv
13
46%
47
General
Corp
Bros
Segal Lock & Hardware
Selby Shoe Co
%
%
1
Airlines
Penn
Northern
15 Va
300
*
5
Utility Securities
North Central Texas Oil
Northeast
46,200
Rayon S3 preferred._50
American
North
19
17%
13
4,909
13%
29
1
—25
*
1
Inc common
Scovill Manufacturing
Scullin Steel Co common
(D A)
1714
5
Mines
North American
North
Say re
26%
12%
25c
1
(Del).
& Fisher Brick Co
17'%
12%
5
common
High
25%
-1
United Corp common
17%
*
Nineteen Hundred Corp
Low
29%
}
Oil Co
Dome
17%
2,200
Range Since January 1
High
13%
1
49
1st
1
5
Niles-Bement-Pond
Nipissing
tot
1
Power common
Low
x25%
*
Joseph Light & Power w d
Lawrence Corp Ltd common.
convertible preferred
1%
Schulte
shares
Pounders
St
Jan
York Shipbuilding Corp—
Niagara Hudson
Shares
wJ
Jan
59
9 Va
29%
600
for Week
Feb
Feb
7
500
x30
__
x30
Range
of Prices
Par
7%
2,103
65
10
10
Merchandise
New
3%
53
8
8
Curb Excbangu
High
Low
High
%
1
Last
Sale Price
STOCKS
New York
Sates
Week's
Friday
Friday
STOCKS
Monday, March 20, 1950
EXCHANGE
CURB
YORK
NEW
r
FINANCIAL CHRONICLE
1:1
lit
17%
17%
17%
••
%
9%
1^
2%
--,150--
1%
Jan
•17%
Feb
Feb
3%
Feb
Feb
Feb
12%
22
Jan
Mar
-
Jan
•
13%
Feb
•-
10 Va
Jan
"
Pep Boys
(The).;
3%
1
....
Pepperell Manufacturing Co (Mass)__20
Perfect Circle Corp
2.50
_
3%
57
12
11%
12
600
11
Jan
12
Standard Power &
Mar
'
Pharis
Tire
Rubber
&
%
50c
common
Philadelphia Co common
Phillips Packing Co
•
%
%
20%
23%
24
1,300
%
Feb
10,200
17%
Jan
24
100
4%
Jan
6
class
Common
Mar
Jan
%
Forgings Corp
Oil
(Ky>
Jan
.1
—10
1
Light common
*
B
preferred
$7
•
-
9%
9%
9%
500
36%
36%
37%
1,100
4%
5%
4%
5%
5%
5 Va
Jan
9
34%
3%
87,000
•
3%
3,500
155
160
164 % 170
170
■
; 3
Jan
Jan
Jan
Jan
37% Mar
5Tb Mar
5% Mar
170
Pierce Governor
a
5%
Mar
17
Jan
18%
17%
18%
600
Pioneer Gold Mines Ltd
i
~2%
2%
2\%
3,000
2%
Jan
TH
1
1%
1%
1%
1%
Feb
2%
Jan
14%
Jan
2
50
5
common
Pleasant Valley Wine Co
Pneumatic Scale common
Polaris
Pressed
Metals
17%
59'%
590
20%
22%
3%
3%
17
lo
•
America
l
•
of
Jan
7%
4'%
Feb
5V2 Mar
1
2 Va
2%
2%
1,100
6%
16,500
17'/2
1,100
3,200
22% Mar
400
3%
Jan
4
Jan
17
25
500
1,700
Feb
Jan
New
(The)
Stein
Feb
Sterling
5'%
Jan
Stetson
7Va
Jan
Stinnes
Jan
l4Va
Jan
Inc
36
Mar
Sun
100
11%
1,400
.9% Jan
11% Mar
Superior
13Tb
14 V*
3.300
11%
14% Mar
Superior Tool &
1%
14
34%
11%
17«
26.100
1%
—
_
'
—
33
Jan
Jan
lVb
Jan
7Va
-
Feb
1% Mar
7%
Portland
100
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber common
common
100
9%
Jan
150
103%
Jan
•
•
101% 104%
104% Mar
16
Iq
275
99%
Jan
15%
16
400
14%
Feb
16%
Jan
11%
104%
12
250
11% Mar
12%
Jan
7%
7%
7 %
200
7
Jan
7% Mar
Electric
Tampa
Inc
Quaker Oats common
•
6%
preferred
Quebec Power Co
Co
Shovel
Thor
100
105
106 %
156
950
93
Jan
IO9V4
Feb
10
154
Jan
159
Jan
•
14%
Jan
14Va
Feb
!
Voting common
Railway & Utility
Investment
A
Rath Packing Co common
Raymond Concrete Pile
10
common
•
Raytheon Manufacturing common
5
Reading Tube Corp class A
,-.-6.25
__1
(Robert) & Co
Reliance Electric
&
Roofing
—
Jan
18'%
Jan
3%
Jan
18%
400
16%
Feb
19V4
Jan
14%
600
13
Jan
16%
'
Jan
Feb
4%
75
6
Jan
Jan
24
Jan
2%
Jan
3 Va
Feb
8 Va
21%
Jan
20 Va
——
-
21%
5% Mar
Jan
13%
Co
•
.
Jan
9
Jan
"
2%
2%
2%
1,000
■
5
Radiator
l
21
Jan
24 %
Jan
14 Va
14 Va
100
13 %
700
Eleo 4dM
Roeser & Pendleton
F
100
Inc common
14%
•
Ryerson & Haynes
common...
see
page 31.
Jan
15% Mar
75
Jan
98%
4%
Jan
Feb
%
Jan
%
12
500
37%
38%
1,050
1%
37%
5% Mar
1%
300
1%
250
13
Feb
45
Jan
Feb
2
Jan
101 %
%
37% Mar
Jan
Jan
4
Tri-Continental
3 Va
2 Tb
3%
9,700
2%
Jan
3%
Feb
17% Mar
19%
Feb
Jan
27
Feb
Tung-Sol
55 % Mar
58
Feb
7%
8%
20.400
5
26
2
3%
1
%
2
mo
x31
2%
"00
3,300
200
warrants
17%
Corp
Inc
2%
Jan
9%
4
Feb
3%
Feb
1
Jan
4
—
12
11%
12%
6,700
13Tb
Lamp Works common
preferred
12 Va
14
1,600
Jan
27%
Jan
300
23 Va
Jan
26 Va
Feb
1.100
2%
Feb
3Vs
Jan
6.000
101
20
200
2
Jan
2%
98%
Jan
102%
25
Jan
x31
9
Mar
9% Mar
Mar
Jan
23
8%
Jan
12% Mar
11 Va Mar
Mar
14
U
Realization
*
Feb
Union
Oil
$3.75
United
22%
24 Vb
3.500
22 V2
Feb
25 %
10%
10
10%
1.700
8%
Jan
8%
8
8%
32,200
7%
Feb
Jan
8
98%
Feb
T—1 O O e?
64
Jan
Products
Chemicals
Corp
93%
98%
99%
450
68 %
68 Vi
68 V4
10
common._50c
common
3
2%
3
43
48
*
Feb
United
7
8V2
Jan
United Milk Products common
8%
Jan
5%
700
x5%
Feb
6Va
Jan
4 Va
4%
2.300
4%
Jan
5%
Jan
10 Va
1.300
7%
Jan
11%
Feb
Light
Amer
United
&
Railways
participating preferred
United
Molasses
Co
Va Mar
2,900
100
RR
3%
Jan
511/4
48
A
33
Feb
ii
Jan
40
Jan
Feb
Mar
70
Jan
Jan
Jan
Mar
42%
Feb
*
8%
Feb
10
Jan
*
17%
Feb
19
Jan
40
40
40%
36,000
37%
Ltd—
deposit rets ord
NT
16% Mar
2% Mar
9,900
A
warrants
10 %
5%
Jan
7%
--
*
5%
Jan
3%
Feb
Jan
100
United Elastic Corp—
75c
1V8
*>%
12%
*
of Omaha
Jan
*%
7% Mar
Yards
Aircraft
United
United
Feb
706
15,200
Co of California—
preferred series A
Stock
Jan
24
15
4
8% Mar
Jan
16
2%
16%
2%
5
Co
Investment
Union
Mar
13
10c
Corp
Unexcelled Chemical Corp
Ulen
Jan
9Va Mar
10
6%
100
Jan
20%
32% Mar
300
10
18
—
Jan
1V2
1,800
x31
7%
17%
400
5% Mar
1,900
7Tb
102% 103%
—
convertible
80c
103 Va
Feb
6 %
7%
10
12%
200
1
24%
9%
1
200
103%
80
7%
1
14%
94
Ltd—
Feb
1.900
9 Vb
•
14%
92
1
1
Jan
Feb
26%
26
.25
Jan
7%
Feb
55%
1
Ryan Consolidated Petroleum.
Feb
Jan
8%
600
3
26
1%
*
Royalite Oil Co Ltd.
14%
18
1,000
Trunz
for ord reg..£l
.10
Jan
Feb
1,500
True Temper
32%
7%
Jan
16
11%
12
Jan
1
S
Jan
3 %
Union
._£>
Feb
Feb
21% Mar
%
Jan
3%
100
13Va
35%
122 %
3 %
28
31%
___•
Rolls Royce Ltd—
American dep receipts
Feb
12
Jan
3%
2%
Jan
7%
-7%
7%
Union Gas of Canada
1
Jan
17%
16
25c
Co
33
119
3 Vn
Jan
Rio Grande Valley Gas Co—
v t c
119 Va
13
deposit rets def registered—5s
Shipyard Corp common—
20
Toklan Royalty Corp
70c
Toledo Edison 4%%
preferred
100
24%
32%
~2%
119 Va
10
Amer
4%
8 %
8,400
deposit rets ord registered—£1
Amer
55 %
26%
500
20%
5
Inc
Trust
35 Va
19%
5
—
Inc
Security
Tobacco
34
191
preferred. 100
7%
common
Allied Stocks
1%
»
iootnotes
Jan
2%
14%
•
common
Realty & Construction
75
26%
1
Engineering
Rice-Stix Inc
For
1 Va
3%
18%
1
common
Markets
26%
1
•
Regal Shoe Co
900
23%
10
convertible preferred
&
Jan
Tonopah Mining of Nevada
Trans Lux Corp
R
Rochester Gas
%
Jan
14%
15
Corporation common
Tobacco &
156
105%
Co
Power & Light
Texas
Thew
Tishman
Railway & Light Securities-
Corpt
Jan
175
18 Va
Todd
(Texas
Jan
8 Vb
500
5 Vb
2%
•
Corp
Inc
Technicolor
Tilo
Q
Richmond
121%
105% Mar
Thorofare
Reis
Jan
Feb
Feb
Jan
10 V8
105% 105%
10%
—
5
Pyrene Manufacturing
$3
11%
1,600
18%
2%
25c
Cement,
Die
Oil
Finch
25
Jan
10%
SwaD
4%
18
2%
•
common
Ray Drug common
34%
34%
17% Mar
4,200
1 Vb
1
1
Co
&
92%
16% Mar
500
12
5
Stop & Shop Inc
6% Mar
86 % Mar
_
12
•
Corp
Jan
Jan
Jan
7Vb
-
17%
1
(Hugo)
4%
3
221/2 Mar
—
17 %
•
(J B) Co common
(S)
5%
6%
•
,•*
Sterling Aluminum Products common. 1
Sterling Brewers Inc
•
1
SSterling Engine Co
;
1
4% Mar
Jan
1
5
Co common
&
(A)
6%
14
Corp.
ordinary
2'A Mar
Colorado—
cumulative preferred
Pvle-National Co
6%
13,700
Stroock
"""»
Providence Gas
Service
7
59%
Jan
14%
i
Prosperity Co class B
4%%
4%
6%
2.50
Producers Corp of Nevada
Public
4%
7
Jan
18%
100
*
common
of
17
4%
17% Mar
55
•
common
Pratt & Lambert Co.—_
Inc
16
58%
25c
Power Corp of Canada
6% 1st preferred
Prentice-Hall
17%
59%
22
2.50
common
1,100
5%
Steel Co of Canada
•
1,100
3,300
l
Mining Co
Powdrell & Alexander
7
5
Co
Corp
Tube class B
Starrett
Pinchin Johnson Ltd Amer shares
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
6%
5 Va
Standard
Feb
Piper Aircraft Corp common
Pitoey-Bowes Inc
19
6%
1
Products
Standard
Jan
1
common
1
Standard-Thomson
5!
•
* Canal
registered
100
236
Jan
242%
Jan
'
Volume 171
Number 4891
THE
COMMERCIAL
NEW
YORK
RANGE
Friday
STOCKS
New York Curb
Profit
Last
lu%
Sharing
Range
preferred
United
Shoe
Preferred
United
S
Air
S
U
S
Co
and
$5
class
preferred
S
Radiator
U
S
Rubber
45'A
400
1%
1%
3,100
Universal
Consolidated
Universal
Insurance
Universal
Products
Sugar,
Utah
&
Power
...
common
—
Light
3%
5'A
12
137/a
83%
1,109
500
4
Jan
4%
1%
53
A7s
certificates
escrow
Nov
^.Jan-July
1952
coupon
Feb
Extended
Jan
5%
Feb
Jan
New
Feb
1%
40
Feb
54%
Feb
;
25
Jan
28%
Jan
29'A
Jan
3%
Jan
1%
3%
3%
"3%
7,200
2%
Feb
26%
25%
26%
1,500
23%
Jan
Jan. 1
No.
Low
at
4%
52'%
Feb-Aug
1963——
to
High
Ohio
Pcwer
1st mortgage 3%s 1968
mortgage 3s 1971
Lexington 1st mortgage 3s 1964
Pennsylvania Water & Power 3%s 1964
1st
26% Mar
3'As
1970
104%
49%
55%
1
101'A
106
105%
105%
107%
105% 105%
105%
105%
$98%
99%
98'%
98%
$103% 106%
—
Jan-July
63
103
105%
105% 106%
__
105%
106%
—
June-Dec
103
60%
104% 104%
__
Jan-July
65
105% 105%
__
April-Oct
—
63
45
102
$62%
April-Oct
.
98
63
54%
102
__
-Mar-Sept
May-Noo
Park
88
61
62%
ApriZ-Oct
Gas Light
4%s 1967
England Power 3%s 1961—.
66
97%
$30
Jan-July
Jan
209
——
Range Since
Sold
High
$57
__M«r-Nov
Milwaukee
1%
;
'
Low
96
„
Nov 1
1940 coupon 1952
Superpower 6s 1963
McCord Corp debentures 4%s 1956
Midland Valley RR—
Mar
96%
%
Co—
1940
1
1952
with
1 'A Mar
400
53
'
Bonds
Bid A Asked
'
Altalian
Jan
%
93
Friday's
ot
Sale Price
■
Hydro-Electric
A7s with
Jan
3% Mar
1%
Isarco
Jan
1%
18 Vb
27% Mar
53
•
common
Jari
Feb
•
ADebenture
Mar
Jan
Week's Range
Last
Period
Interstate Power Co—
Jan
42
%
1
325
5%
1%
.mm
5
„
49%
15%
3,900
1%
Jan
'
'
,
5% Alar
Jan
40%
10
...
Jan
43% Mar
2,200
4%
x03
5%
'
10
,
__
3%
92
•
%
Interest
New York Curb Exchange
'
10
—
—
16% xl7
92
r50c
Oil—
_
Co
Utah-Idaho
1'%
—1
Corp common
17
1
High
Jan
5
400
13 V4
%
3,150
41 'A
12%
—11
Reclaiming Co
Stores
150
41%
xl7
»
warrants.
5%
43%
■
13%
*
Securities—
with
common
609
--i
1
International
1st
U
United
B,__
%
43%
,10c
Foil
MARCH
BONDS
Low
5%
_
1
Conditioning Corp
U
common
EXCHANGE
ENDED
Range Since January 1
High
\l
—25
Specialties
U
Lou)
10
—
WEEK
(1171)
Friday
Shares
common- —25
Machinery
CURB
FOR
CHRONICLE
for Week
of Prices
,25c
common
FINANCIAL
Sales
Sale Price
Exchange
Par
United
y
Week's
&
$106% 108
„
Piedmont Hydro-Electric Co—
A6%s with
V
Valspar
$4
Corp
common
convertible
preferred
Vanadium-Alloys Steel Co
Venezuelan
1
—
_
Syndicate
4,500
A
71%
71 '/a
50
31%
31%
4
20c
Vogt Manufacturing
G'A
31%
1
Inc
5%
—
•
Petroleum—,
Venezuela
6%
—5
5
Feb
6 'A Mar
68,'
Jan
71 % Mar
1
27
Jan
4'/4
1,400
3%
3
4,300
2%
Feb
—
—
12%
—
50-year
Queens
32% Mar
Feb
2%
•
4%
■
:
<
■
>'
:
w
Waco Aircraft Co,
•
.
Jan
debentures
5%s series A
Jan
_
$2
Bond
cum
__
Water
San
13%wMar
Harbor
Inc
Joaquin
Ward
Baking
Co
Texas
Tablet
Stationery
Weyenberg
Wichita
Shoe
River
_
Lt &
Pow
5%
preferred
Wisconsin
Pwr
Wocaall
w
—
—
4'%%
pfd
deposit
67/b
•
1%
Jan
Feb
87/a
1141%
Feb
165
100
24'A
29
Mar
Jan
Feb
—
17%
1,100
2'A
22'A
19'%
1,900
Jan
18
3%
17%
Feb
8%
500
7%
Jan
8%
450
5% Mar
6%
10%
409
9%
Jan
3%
100
3%
Jan
Jan
25
12% Mar
100
1,400
29% Mar
12%
12%
29%
30
receipts
preference
22'A Mar
'
•:
12
14%
14%
300
12%
12
12%
900
~i% ~1%
3,300
:
Feb
Jan-July
108'A
105 %
105%
106%
304%
106
104.
109%
104%
305
104%
104
106%
101%
101%
106%
$103'% 104
—
Feb-Aug
May-Nou
$106% 107'%
-
-April-Oct
1966—*
94
—
'2
95
140'% 140%
•
1067/a
89'A
96
4
131
12
79
90
140'%
Aprrt-Oct
90
84
90
Jan-July
46
46
46
45%
58
$46
47
4.4
57%
57
60
57
63'A
April-Oct
.
-
Co—
1940
1
Aug 1
'
■
1946—.
1953
coupon
1947 coupon
Feb-Aug
__
1953
—
1969
Electric
Service
A 5s
Dec
5
$30
.
-May-Nov
1947
103% 103%
__
Co—
1940
1
1
income
4
102%
103%
'
1956—
coupon
June-Dec
$57
1956
coupon
62
62
63
+30
—
debentures
1954,
:.
Mar-Sept
92
June-Dec
June-Dec
Feb-Aug
91%
120
—
Penn
Western
6s
Traction
5s
Newspaper
conv
f
s
1960
92'%
$107
—
120
51
91'A
97
107
120
3.01%
1
107%
120
__
120
103
Union—
debentures
1959
$102'% 104
12% Mar
Jan
.
Jan
4
4%
Feb
2
Jan
Foreign Governments and Municipalities
—A—.;.
Hargreaves
1
27
—
$104
West
Jan
16
10%
v
1970
Washington Water Power 3%s 1964
Jan
106%
105'%
1973
B
3%s
108% 108%
105% 105%
$106%
•
Waldorf-Astoria Hotel—
14'A Mar
Jan
105 %
$102%
Corp—
Aug
A7s ex Dec
Jan
14
ex
with
A7s
4% Mar
104'A Mar
14%
104%
L*«»
(Calif)—
trust
revenue
United
■
8
-
2%s
12% Mar
32
12%
29%
April-Oct
1965
1971__-._i_w_;
Hydro-Electric
A6%s
Jan
3%
3s
series
Gas
stamped
with
163
Triborough Bridge & Tunnel Authority—
Feb
5%
10
2nd
61
160%
$104% 106
„
105%
1952
B
stamped 1946—
(Hugo)) Industrie?—
A6%s
Feb
13'/b
10%
Terni
Jan
3%
8
1
CO'A
162'% 162%
May-Not?
Mar-Sept
Mar-Sept
Jan-July
Feb-Aug
——
3s
3s
1981
3rd
A7-4s
Feb
21% Mar
Jan
.
M
(Hugo)
A7-4s
Stinnes
28% Mar
3 2'A
Feb
3'A
„
ref
collateral
Stlnnes
Jan
158
*
6s
Edison
California
motrgage
'5s
Jan
Jan
625
3%
and
Corp 3s
Southwestern Gas & Electric 3'As 1970
Spalding (A G) & Bros 5s 1989
AStarrett Corp Inc 5s
1950
Jan
8
30'A
Jan-July
.
112%
Ltd—
American
Jan
Mar
10
2
Woolworth
6%
Jan
1%
Jan
1998
1973
Southern Counties Gas
Jan
11%
28%
21%
•.
common,
Wright
1%
Feb
Feb
21
25
Industries Inc
W)
Mar
4%
—25
..
1st
(1st
''
1
—
Woodley Petroleum
(F
Feb
5 %
common
& Lt
Feb
Jan
»A
29%
5
.
Inc,
w
2Ve
9'A
110%
9'A
-
27%
—10
xw
Elec
900
114
3'A
common
preferred
5 7n
Winnipeg
8%
8
29 %
_
_
A
'
1
Co
Corp
Products
500
l'A
100
—10
—
_
Wilson Brothers
jir
•
Wickefe (The) Corp
Williams (R C) & Co__
Willson
4,709
114
Mfg
&
Oil
G'A
8
1,20
Inc
(Wm)
5%
•
com.
Jan
Jan
8,900
1st pi'd.-Zioo
Maryland Ry 7%
Western
Whitman
350
n
15
,1.25
preferred-
Western
&
1%'
10 %
U
1
Westmoreland Coal
Westmoreland
1%
9%
%
—',1
warrants
$6
l'A
7% Mar
109
-30
Utilities
200
3,900
*
1
—
w i
Warner Aircraft Corp—
Wentworth Manufacturing
West
1%
8%
••
62
$30
April-Oct
California
series
Southern
6'A
,
preferred
$Waltham-Watch Co. vtc
$57
„
Electric—
Power
3%s
■
7%
8%
_
April-Oct
1952
Safe
•
1%
Wagner Baking voting trust ctfs ext—•
7%
preferred
100
Waitt &
1960
coupon
Jan
3%
...
6%
Borough Gas &
Southern
<
1940
ex Oct 1
1947 coupon 1960
Service Electric & Gas Co—
"
■
100
4
,
—
Oct
A6V2S
Public
•
Ltd—
1
if
1% Mar
■r—
Friday
BONDS
New York Curb
Interest
Exchange
Week's Range
La>i
Period
or
Sale Price
Low
.
Appalachian Elec Power 3'As
1970
Friday
Bands
>
Jan.1
No.
High
Bell
June-Dec
108V4 108 %
17
104% 1043/4
Low
20
U05V2 105'/2
Bethlehem
Boston
Steel
Edison
Cential
6s Aug
5%s
23/4S series
debentures
33/4S
Transit
of
Lt &
mtge 2%s
1st
ref
1st
Gas
Marelli
A6V2S
ex
Lt
with
A6V2S
Finland
3s
—Jan-July
Jan-July
1977
Mfg
series
A
Jan-July
T
U
1981
Power
A6V2S
series
A6V2S
series
A7s
E
(Aug
series
A7s
(July
1941
A
1993
coupon
105%
103
114%
106%
106
114% 115%
106%
108%
$1101/4
110 'A
Bonds
Range Since
Sold
High
Jan.1
No.
&
(Peru)
71%
$71%
stamped
Mortgage
7s
of
(issue
of
May
A7s
(issue
of
Oct
Bank
53%
$90%
2
91%
$86
Jan-July
8%
1958—Mar-Sept
May-Nov
58 "4
58%
May
$45'%
Parana
46'%
—Jan-July
1
Mar-Sept
55'%
~7
102%
$117% 120
60 %
47
42
102% 102%
117%
118%
1953
May-Nov
1953
$56
May-Nou
2008
88
8%
77%'
8%
$18%
—May-Nop
June-Dec
1927)
Chile
59
61
52
Ry
4s
3%s
1950—
Jan-July
1963
$99% 102
June-Dec
1958
99%
Rio
Jan-July
$34
35
$52%
.
54
104
5'% s
1947
—May-Nov
1947
5s
June-Dec
1972
50
(to'%
87
87
$84
Feb-Aug
87 %
85'%
1952
94
95
90
90
91%
94%
94%
$90%
Jan-July
94
42
43%
.
H
81
ft
76%
88%
86
86
95
83
92
94%
86
95%
91 %
83
91%
daily closing
averages of
Exchange
as
representative stocks and bonds
compiled by Dow, Jones & Co.
Stocks
Bonds
10
30
20
15
Indus¬
to
Rail¬
Util¬
trials
roads
ities
Stocks
Total
65
10
10
First
Second
Indus¬
Grade
Grade
trials
Rails
10
Util¬
Total
$50
50%
—
$37
•
—June-Dec
$87%
A B
2008
C
stamped
reduced
ities
Bonds
55.06
42.89
73.60
103.06
106.21
91.55
105.93
D
Mar-Sept
E)
(Plan
2%
to
Government
1997
$24%
Jan-July
Ma rch
13
203.09
54.73
42.95
73.54
103.04
106.10
91.56
105.86
23
35%
31%
—
22%
23
34 %
Jan-July
Jan-July
4No par
e
Odd-lot
(not
value,
n
Deferred
a
transaction
(not
:
in
bid
year's
and
delivery transaction
included
Under-the-rule
included
A
1919
34 %
0
252
March
14
204.70
54.96
43.11
74.00
103.02
106.06
91.62
105.75
in
15
207.46
56.06
43.47
75.04
102.93
106.19
91.74
105.63
range),
(not
16—
17
;
—
—
207.89
207.57
56.42
55.70
43.74
43.69
75.33
no
sales
3
3%
139
2%
3%
3
3%
81
2%
3%
(not
included
f Ex-distribution,
being
in
transacted
during
current
week.
Bonds being traded flat.
SReported in receivership.
Abbreviations
used
<
above—"cod,"
certificates
of
■
deposit;
"cons,"consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting
stock; "v t c," voting trust certificates;
"w i," when
issued; "w w," with warrants; "x w," without warrants.
Overt he-Counter Industrial Stock
75.02
102.96
106.21
Compiled by National Quotation Bureau, Inc.
Date—
Closing
March
11
March
13———
—_
106.20
•
91.66
92.01
1C5.71
High
36.31
Low
105.71
101.72
14,
15
36.28
March
16—
36.41
17
36.50
36.70 Mar.
6
35.13 Jan.
„
4
36.26
March
101.62
Range for 1950
36.32
March
„
Average
(35 Stocks)
March
102.90
34%
3
included
x'Ex-dividend,
prices;
101.62
March
23
31
in year's range),
d Ex-interest,
g Ex-stock dividend,
h Exyear's range),
r Transaction
for cash
y Ex-rights,
zEx-liquidating dividend.
year's range),
transaction
asked
101.61
March
—
34%
18%
3%
June-Dec
101.64
„
37
89
A)
2012
6%s
101.69
Ralls
50%
37
80
SO
40
202.96
March
52'A
A)
2%s
—
11
March
33
46%
$50
April-Oct
1931
6s
1921
principal.
$45
1955——
1957
the New York Stock
Da te—
18%
33
—
Stock and Bond Averages
on
14'A"
8%
20
—
(ser
Janeiro
$Friday's
<
coupon)
de
ARussjan
100
103 'A
$103'/4 104%
+<x^
coupon)
coupon)
1952—
Below are the
listed
86
3
62
RR—
—June-Dec
1957
l%s to 2%s
A
60
(Plan
of)
92
,•
A>
Denmark
reduced
(Republic
Interest
59 V*
$30
—Mar-Sept
59
stamped
Interest
Peru
103%
53i/a
79
..
1951—
1927)
of
Mortgage Bank of
71%
46%
Bogota—
A7s
Mortgage
53
—
1952
2%s
stamped
Bank
53'%
May-Now
stamped
(Plan
Interest reduced to
AMedellin
June-Dec
Feb-Aug
6%s
High
$71 %
Jan-July
Waterways
-
Low
—
lApriZ-Oct
6%s stamped
City
Maranhao
A
—
(Col)
1946
1947
1953—
5s
Port
ALima
115%
110'%
66
7s Jan
AExternal
104
106
105%
104
104
17
Friday's
Bid & Asked
(see
Danzig
Bank—
1941
1941
104%
104
$105
April-Oct
1955
1
F
100
94
Mortgage Bank
7s April
year
Mortgage Bank of)
ACauca Valley 7s
1948
Danish
Cons
Municipal Loan—
External 5%s 1955
100%
Sec—
C
(Dec
20-year
Bogota
—
coupon
on)
market
Power
99%
106% 106%
ApriZ-Oct
u
Western
Ex-coupon
$104
+
1976—Jan-July
1956
(coupon
International
91%
124;,
Co—
Mtge
Western
&
16
■t
RR—
1940
1961
Trunk
92
99%
1954
5s
1947
Residential
Mountain
104%
—
series
series
1
1
91V2
100'/a 100%
.-—April-Oct
City)
RR
Elec
91%
100'A
or
Sale Price
Division—
J
4s
Nov
Guantanamo
A
A20
External
1976
4'As
N
&
Nov
5s stamped
A 7s
106%
111%
mortgage 4s series B 1993
& Fuel 3%s 1965
Ercole
A 7s
103
108
series
Western
of
Water
Green
12
147
Gas
Elmira
Grand
IO6V4
110% 111%
May-Nov
(Bait
&
mortgage
1st
Q
27/8s
mortgage
Lack
Lackawanna
Eastern
106
111%
debs 1962
conv
General
1061/4
1981
27/8s
mortgage
Consolidated
A
5s debs 1948—Jan-juiy
(Bait)
ser
mortgage
Delaware
1041/8 104%
—
2%s series R
ref
104'4
1947—1978
Pwr
ref
ref
1163% 180
-June-Dec
i
Gas El
Agricultural
106
107
104
Week's Range
Last
Period
Low
108%
103%
105%
'1
Interest
Exchange
High
Mar-Sept
debenture
1st
2%s
1970
107%
New York Curb
;
Authority—
Co
Registered
Consol
1st
A
Quar-Feb
1954
series
revenue
Service
1st
1998——
States Electric Corp
Chicago
Cities
1
BONDS
Ranee Since
Sold
City Electric 3'As 1964
Jan-July
Telephone of Canada 5s series C 1960_Afay-Nov
Atlantic
6s
tnda\
Bid & Asked
Range for 1949
High
Lew
_
35.20 Dec. 31
27.79 Jun.
15
4
31
32
Transactions at the New York Stock
060,930
3,431,000
1,135,380
3,620,000
1,830,730
2,063,160
1,597,600
1
Friday
8.212,570
Total
Bonds
Sales
'
3,849,000
510,000283,000
4,130,000
3,909,400
575,000'
4,484,000
4,392,000
594,000
4,986,000
3,840,500
4,123,500
Saturday
283,815
4,031,230
138,000
$274,500
545,000
$2,617,000
27,366,080
20,143,950
20,818,900
13,317,000
215,203,300
152,060,300
$15,158,700
$242,804,580
133,000
18,000
104,000-..
211,000
97,000
44,000
19,000
151,000
3,000
332,000
,343,080
123,000
106,000
11,000
240,000
$654,000
$479,000
1,948,830
'
1950
$173,023,750
$23,435,900-
Total
$116,000
6,000
.
178,000
47,348,399
1,812,700
$97,200
-
89,000
?
Total
$2,000
43,000
160,000
$59,000-
Week Ended Mar. 17
$29,000
Industrial
$31,000
84,ooo:,
285,315
1949
96,416,292
U. S. Government
International Bank
&
$83,000
:
;451.235
Stock*—No. of shares
Foreign
Corporate
."435,735
Wednesday
Thursday
Friday
$1,192,000
♦
Jan. 1 to Mar. 17
1949
1950
1949
1,948,830
846,055
$654,000
$801,000
479,000
137,000
59,000
59,000
640,000
449,000
$1,192,000
$997,000
$13,803,000
$11,018,000
Bonds
Railroad
Foreign
Government
-
149,550
Monday
Tuesday
Total
8,212,570
—
Bonds (Par Value)
Foreign
Domestic
of
Shares)
,
Jan. 1 to Mar. 17
1950.
1949
1950
shares
Week Ended Mar. 17, 1950
$23,435,900
$2,617,000
$20,818,900
Week Ended Mar. 17
Stocks—No. of
Stocks
(Number
$1,863,000
$237,000
418,000
$1,626,000
524,770
Saturday
Monday
Tuesday
Wednesday
Thursday
Bank
Total
Bond
Bonds
Bonds
Bonds
Exchange
Daily, Weekly and Yearly
United States
Government
Foreign
and Mitcel.
Shares
Monday, March 20, 1950
Transactions at the New York Curb
Int'l
Railroad
Number of
Week Ended Mar. 17, 1950
CHRONICLE
FINANCIAL
Exchange
Daily, Weekly and Yearly
Stocks
&
COMMERCIAL
THE
(1172)
Bonds
20,581,558
11,858,820
$8,737,000
$8,501,000
4,426,000
2,068,000
»
Domestic
:
Foreign government
Foreign corporate
___
Total
,
OTHER STOCK EXCHANGES
FOR
RANGE
WEEK
ENDED MARCH
17
■-
>:
Friday
Boston Stock
Week's
Range
for Week
of Prices
Shares
Last
STOCKS
>
Par
American Agricultural Chemical
Tel & Tel
American
American
Woolen
Anaconda
Copper
Jan
Jan
21%
Feb
23%
192
28
117
29%
350
28
195
107
49%
49%
Mar
45
Jan
48
Mar
151% Mar
32
Jan
31%
Jan
Jan
117
45% Jan
Feb
14%
14% Feb
150
35% Mar
1,360
5
10
Hecla
6%
preferred
59%
V
1
Capital Corp
Safety
aillette
5%
Jan
6
Jan
22
Jan
15
66
Jan
79
3% Mar
72%
13Va
66%
296
13
45
Feb
12 % Mar
4%
•
Co
Razor
Kennecott Copper
39%
59%
61
67V8
10
22%
22%
210
40
241
73%
74%
255
53.62
73%
preferred—100
•
5%
Linotype
Association
Narragansett Racing
Service
New
New
Cos
53.76
45%
37%
91
19
59 Vs Mar
2.50
50
Pennsylvania RR
Shawmut
24%
Jan
40
66"%
Jan
United Fruit Co
S
Feb
37%
10
32%
Feb"'//
37% Mar
13
13%
120
11%
295"
York Central-
Ohio Oil
27a
28%
Pennsylvania RR
-—50
17%
17%
Pepsi-Cola
.33 %c
10%
10%
29%
30%
Pure
28%
Oil
30%
•
Radio Corp
14%
14%
_15
171/4
5
(N J)
(Ohio)
Oil
18
Jan
11% Mar
250
26%
Feb
30% Mar
108
/
^
12%
Jan
12
V
16
Jan
66
Mar
Feb
Timken
U
S
R
B
Steel
ul
(new)
*
1—
;
13% Mar
■''
I-
23%
Feb
Jan
69%
Jan
25i% Jan
27%
Feb
10
34%
32
Feb
54
341/4 Mar
36
Jan
25 Va
32
Mar
-
-
159
Jan
common
Feb
47
2,208
41»
Jan
1,100
33%
Jan
preferred,
Rubber Co
'412
System Inc
Westinghouse Electric
Corp.,
50 Ve Mar
55%
Detroit
Jan
53
82%
270
70%
Jan
83% Mar
54
140
-47%
Jan
54
58
20
52
Jan
New York Curb
Stock Exchange
Ford Building
Mar
DETROIT
WOodward 2-5525
Telephone:
58% Mar
8%
150
Jan
7%
Feb
16%
17%
225
16% Mar
18%
20c
500
17c
Jan
Jan
12%
12%
13
941/4
93%
94%
50c
50c
50c
17%
17%
18 Va
5%
6 Va
7%
10%
4,094
Jan
Jan
30c
13
Mar
92%
Feb
96%
Jan
29c
Jan
70c
Jan
619
16%
Jan
18% Mar
250
5%
Feb
520
1,800
6%
Detroit Stock
16
16
200
21V.
22%
441
33%
33%
23
25
Jan
15
Sales
Last
Range
for Week
Sale Price
20%
Jan
16% Mar
of Prices
Shares
36%
Jan
Feb
25
Jan
Feb
60%
58%
60%
2,705
53%
44%
44
44%
1,500-
43% Feb
61% Mar
49%
Jan
411/4
411/4.
220
40%
Jan
41% Mar
41%
44%
180
37%
Jan
44% Mar
14
141/4
55
13% Feb
34%
1,042
14% Jan
34% Mar
32%
30%
Jan
1
-
Manufacturing
Briggs
L__ ______1
Brown-McLaren ..Mfg
Consolidated
Paper
!
16% Mar
11
31%
176
29
V4 Jan
80c
100
77c
14%
14%
65%
66
—
201/4
■
•
Mar
Jan
32 % Mar
86c
Jan
11,294
14 Vs
Jan
15
Jan
786
63%
Feb,,
67%
Jan
470
Jan
20% Mar
33%
Jan
35% Mar
300
7 Va
20
602
20%
35%
7
—
High
Low
Jan
35%
—1
>
Jan
80c
20%
10
•
—
common
Motors
Continental
'
13%
31%
66
25
Power
Consumers
'
10
10%
—
Corp
•
Bangs Since January 1
245
16%
10%
«...
Burroughs Adding Machine
Chrysler
:
795
15%
2
Baldwin Rubber—
10%
31%
American Metal Prod
t
j*
Low... High
Par
22% Mar
33% Mar
22%
50
305
Exchange
Week's
Friday
Jan
STOCKS
34%
Exchange!
Chicago Stock Exchange
Stock Exchange
A
79V2
24%
*
12.50
Waldorf
Members
York
New
39% Mar
33%
—•
29
25
10
Watling, Lerchen & Co.
Feb
6%
Jan
7 Va
Feb
-
Cincinnati Stock
DWG
Exchange
Week's
Last
Range
Sale Price
of Prices
Par
Low
.
Shares
Bange Since January 1
Low
High
Detroit-Michigan Stove
Detroit Steel Corp
20
8.
Mach
i_
20%
20%
416
19%
Feb
21
17%
17%
17%
39
14%
Jan
17%
5%
100
—1
5%
0
Champion Paper
14
Churngold Corp
,
*
Cincinnati Gas & Electric common_8%
17%
Brummell
Beau
Rights wi
O
N
&
T
Cincinnati
P
Cine & Sub Bell
Cohen
18
130
34%
32%
Feb
6%
6%
10
6%
Feb
34%
290
30%
Feb
n
1%
880
27%
27%
27%
88
88
5%
75%
12%
7%
35
.
30
28%
10
79
Jan
80
5%
1,365
5
Feb
75%
609
73%
12%
13
317
15%
15
5
74%
Jan
Feb
Jan
Mar
1% Mar
fjj Mar
26%, Jan
15%
Stockyard
(Dan)
Jan
33%
Jan
5% Mar
15%
25
50
50
_<
Tel
Cincinanti Union
33%
5% Mar
200
10
20
Machine
common..
Street
32%
18
33%
1 iV
——
Milling
Cincinnati
C
---
1,—:
Brewing
Burger
Mar
5%
Feb
Mar
Frankenmuth
Friars
Wood
.?
Cream
Dow
common
—
Gibson
*
Insulation
100
16
Mar
19%
51
59%
700
44
Mar"
59'%'Mar
60
4%
65%
*
Procter
__
Sc Gamble
Randall
class
B
65%
63%
*
•
•
Kroger
14% Mar
445
25
15%
15%
86%
25%
86 %
87
25%
25%
5
95
132
160
Mar
Jan
53%
Jan
4%
Jan
4%
Jan
Feb
25%
Jan
24
59 %
Jan
22 Va
Jan
5%
Jan
Jan
120
41%
41% Mar
13
Jan
Jan
78
Feb
Gerity-Mlchigan Corp
1
3Va
3%
339
Goebel Brewing
1
10%
Graham
m-mm
10%
353
2
2%
290
5V4
10%
Paige Motors common———1
5'/4
130
3% Mar'
10%
-
S
U
S
2%
Feb
5
Lamp
Feb
4% Mar
6Va
Jan
Jan
13%
13%
527
131/4
Jan
13%
2%
12%
12%
200
12'A
Jan
13
1
5%
6%
862
41/2
Jan
7%
Feb
1
1
3%
3%
200
3% Mar
3%
Feb
IV.
1%
Jan
10
Manufacturing
—i—,
—
Kingston Products
Kinsel Drug
13%
Murray
Corporation
283
1%
Jan
2
Feb
100
3%
Feb
41/4
Jan
1V4
800
1 Va
Feb
1%
Jan
387
6%
Jan
6%
Jan
124
15Vj
Jan
17%
Feb
3
Jan
31/4
2%
Jan
6%;
6%
1
10
__—
400
1%
4 Va
1 Va
1V4
1%
4%
Screw
Michigan Bumper
Preferred
Unlisted
Allied
17
6%
17
1
l'/4
Jan
65% Mar
15%
Jan
16%
Jan
Jan
89 Vs
Feb
National Stamping
125
20%
Jan
26%
Feb
210
14
3
Packard Motor Car
National Electric Welding
1
_____
—
3
525
3%
._2
3%
3%
1,600
3%
common
3%
3%
103
38%
38%
555
•
3% Mar
12
12
11%
Jan
Jan
71%
71%
50
Parke, Davis
70
Jan
72
Mar
Peninsular Metal Products
2
2
2
600
2
Feb
36
37
94
32%
Jan
39
Mar
2
2%
2%
2%
920
2%
Jan
47
46%
47
27
46% Mar
Jan
5
t
6%
6%
125
6% Mar
3%
2%
3%
13,045
2
10
12V4
47%
—
Stores
—*
Telegraph—100
10
Armco Steel
35%
151 %
33%
30
72%
35%
35%
70
148% 151%
316
34%^ Jan
146%
Jan
36
Mar
151% Mar
Scotten-Dlllon
Sheller
—
1
351/2
Jan
Jan
31%
33%
353
26%
Jan
33% Mar
Soss
28%
30
176
28%
Feb
30%
Jan
Standard
_2
Superior Tool & Die
Timken-Detroit Axle
Manufacturing
Tube B
common
25
Cities
Service
10
69%
72%
80
66%
Feb
78%
Jan
City Produots
*
33%
33%
37
31%
Jan
33%
Feb
*
12%
13%
2,531
11%
Feb
13% Mar
33%
34%
233
30%
Jan
34% Mar
Warner Aircraft common
36 Vs
37
65
34%
Jan
38%
Wayne Screw Products
Gas
7
Power & Light
8
Federated Dep't Stores
For footnotes see page
40.
13%
Feb
Udyllte Corporation
121/4
12%
871
12
Feb,
21%
Manufacturing
Chesapeake Sc Ohio
Columbia
-1
Jan
3% Mar
4%
Jan
39% Mar
2%
Jan
3
Jan
71/4
Jan
3 »/4 Mar
Stocks—
American Telephone &
Day
Feb
1%
1%
Products
_1
McAleer Manufacturing common —,—1
McClanahan Oil
1
Masco
37
12
Feb
11%
50
Play Card
Printing common
Jan
Feb
1
U
4%
Jan
2
•
10
*
Rapid
41% Mar
Jan
80
1,042
Feb
4%
12
Hoskins
10
4%
Jan
20
1,225
70
r.
—
Hoover Ball & Bearing
60
Jan
2% Mar
44c
10
Motors.
General
Feb
16%
55
5
Jan
500
Feb
10
Jan
1,502
16
Jan
41%
4% Mar
30c
220
22
5Va
Jan
12
13%
9%
*■
Jan
23 Vb
100
38c
4%
<
Jan
7%
77%
15% Mar
14% Mar
22
5
-
8%
23% Mar
Feb
2%
1,807
-
Jan
Jan
21% Mar
.
150
4%
2%
6%
7%
12
12% Mar
10
25
10
Lunkenheimer
7
2%
38c
7Va Feb
22
10% Mar
75%
1
Hall
58
59
*
common
Hobart
14%
260
:
Jan
Jan
16
10
*
Art
Hatfield
14 %
10
Eagle Picher
Formica
5
__*
1
B
Class
Kaiser-Frazer
Dixie
-~2%
—1
Industries—
75 % Mar
Feb
200
4%
1
1
Manufacturing class A___37%
Gemmer
640
21%
6%
5,729
6%
21%
1_
Brewing
Ale Brewing
Fruehauf Trailer
Gar
7%
23%
6 Va
High
Federal Motor Truck
American Laundry
Baldwin
7%
—
10% Mar
450
23%
23%
1
1
:
.—
100
10%
7
7
5
20
Detroit Edison
for Week
10%
—
1
Bros—
Detroit tt Cleveland Navigation
Sales
Friday
STOCKS
—.5
Cigar
Davidson
—
23
905
21
Jan
23
Jan
Jan
—2-1
8%
100
8% Mar
9%
Jap
1
2%
2%
100
2%
3
Jan
2%
2%
5
151/4
151/4
1
10%
11
87c
88c
1
—
13
8%
_______
—1
1
2%
1 Va
l'/4
-'
17% Mar
35
57
30%
Jan
21%
.
15%
;
Feb
11%
470
27
34%
Jan
Jan
.
106
26
._10
28%
26% Mar'9%
68%
25
1
13% Mar
16%
53'
22%
*.
Brands
Standard Oil
Standard
"
Jan
100
13%
Co
Southern
Feb
39%
•
United Shoe Machinery
6%
Feb
78
'
Mar
47%
5
Torrlngton Co
Union Twist Drill
U
47 Va
Jan
74% Mar
53.32
x36
18c
*
•
Assn__
& Webster Inc,
Stone
Jan
68%
Register.
Jan
75
Jan
8%
17%
2.50
Co
Drue
41 Va
167
64% Feb
67 % Mar
21%
58
-i*
1
20
100
England Electric SystemEngland Tel & Tel
North Butte MiningRexall
,
5
1
Nash-Kelvinator
National
85
77%
37%
Jan
51%
80
Chemical Corp
Mergenthaler
47
75%
13 % Mar
50%
•
—
RR
Central
Mathleson
45%
77%
Jan
78%
>.t
Maine
New
High
Low.
47
Motors
Cash
Bange Since January 1
High
Jan
4% Mar
5% Mar
129
4
Jan
Jan
38%
46%
Electric
General
71%
3%
Genera)
Standard
39%
19 %
50.
67%
221/2
*
Stores
National
General
13 ft
•
Inc
Employers Group Assoc
First
Jan
64
150
69%
,
100
B
Eastern SS Lines
4%
51/4
20%"
71%
4
100
A
1st preferred series
6%
51/4
20
Low
Ry—
Street
Mass
Eastern
5V4
*
Co
Range
Copper
4%
100
100
•
_100
Service
Cities
35%
Shares
10;
Socony'Yacuum
1
100
RR
Boston & Providence
&
14%
Railroad—
prior preferred —I
5% ' cl A 1st pfd stamped
8% class B 1st pfd stamped
Boston Personal Prop Trust
T%
Calumet
14%
-.35%
141/2
100
Stamped
for Week
__:
Mar
50
-
Boston Elevated Railway—
Boston Or Maine
Electric
National
High
393
113% 117
49
20
Boston. Edison
Feb
38"%
146 i/b
35
22%
50
100
RR
Boston & Albany
40%
477
3,943
48
149% 151%
23 %
LOW
43%
46%'
1511/s
General
Bange Since January 1
High
43%
•
100
100,
•
Refining
American Sugar
Low
Range
of Prices
Par
Sales
Friday
Sales
-V Week's
Last
Sale Price
Exchange
Feb
800
2%
Feb
100
141/2
Feb
10
Feb
85c
Feb-
1,230
862
500
1 % Mar
3
161/4
11%
Feb
Jan
Jan
1.00
Feb
1%
Jan
' !
Volume
171
.Number 4891
THE
COMMERCIAL
OTHER
Friday
"■
Alaska
Juneau
Gold
Last
Allls-Chalmers
American
American
'
Mfg Co
Airlines
Power
'•
:
Co
Low
3
3
•
34%
32 %
34 3 a
400
11%
11
(Un)
20%
Tel
American
Viscose
American
&
Tel
Co
(Un)
Corp
20%'
Woolen
Co
Copper Mining
Steel Corp (Un)
Armour
&
__14
(Un)
Anaconda
Armco
151%
(Un)
—
Manufacturing Corp
(Un)
2,440
111%
Jan
Radio
Jan
Radio-Keith-Orpheum Corp (Un)_.
28%
33%
683
9%
2,215
110 111%
1
Bendix
Blue
6%
18
Boeing
25c
I)
941
31%
Jan
(Un)
•
—
(Un)—_
&
of
America
Pont
de
General
Foods
Motors
General
Public
Goodrich
12%
Jan
Jan
23%
a39%
a39% a39%
14%
14% f
a42% a42% V
25
36%
1
35%
17%
66%
Hotels
Holly
Hunt
Central
Jade
Oil
Co
_
4%
1,000
410
50
a
32%
Magnavox Company
Mascot Oil
McKesson
Menascn
Mfg Cn
Petroleum
Merchants
Middle
Minnesota
Montana
Power
Montgomery
Mt
Diablo
Nordon
&
(Un)_-
Co
North
RR
American
Northern
Pacific
Northrop
Aircraft
Oceanic
Ohio
Ohio
Oil
Edison
Pacific
5%
__
For footnotes see
page
40.
Jan
26
26%
472
19
23%
Jan
15%
19%
27% Mar
12,580
11%
Jan
6
6
6%
19% Mar
583
5%
Feb
Jan
a7%
a60%
a55% a60%
21%
Feb
213
51
Jan
51
Jan
41%
Feb
44% Mar
18 Va Mar
a
43%
44%
—
37
37
4c
4c
4,000
4c
Mar
32 %
32
6c
32%
Jan
1,240
31%
Feb
36 %
Jan
16c
Co
of
Jan
42%
Jan
10%
577
42%
Jan
10 %
Jan
11%
Jan
Mar
112%
Jan
11% Mar
51
Mar
101
11%
150
1.75
12%
Jan
-1,000
1.55
Feb
1.85
Jan
13%
Feb
15%
a3
a3
101
4c
6
%
9%
11%
2%
1,100
22c
23%
Jan
2,150
22
Jan
24
17%
Jan
1,880
16
Feb
14%
14%
17% Mar
HO
14Va
Feb
35%
36Va
3,751
34Va
Jan
27
27'A
816
__
36
__
3c
Feb
9%
10%
6%
9%
Jan
2.10
Jan
2.30
200
13%
Jan
14%
27
29
.
A.
29%
Jan
554
30% Mar
31'A
Jan
28%
28%
33 % Mar
215
28%
Jan
35%
35%
28%
132
34%
Feb
35%
36%
35% Mar
496
34%
Jan
36V2 Mar
11%
Jan
60y«
Jan
36Va
•
(Un)
34%
34%
165
23 Va
„
a69
382
a67%
a21% a223A
I
29%
2,400
9%
2,600
;al8%al8%
a51% a52%
66
10c
„
210
21Va
Jan
29V4
22%
Feb
1,440
26%
Jan
10%
Jan
29V2
12%
Feb
2,849
36%
280
36V2
Jan
62V2
370
60Va
Feb
24
2
al8%
1
275
50
a._
1,665
23
16%
24'A
17'A
93/,
21
Jan
7%
Jan
17%
96
51
-
54%
Inc
7%
25%
155
23
Jan
7%
575
1.25
950
27%
16%
45%
,
26
7% Mar
1.15
,
1,419
24%
Mar
1.40
29%
970
21
407
42%
Jan
44%
Jan
26%
2,052
25%
Feb
a87%
27%
Jan
a86%
a89
310
85
Feb
85
Feb
a26% a26%
26%
Jan
16%
297
14Va
Jan
4
4
255
3V2
Jan
19%
376
17%
Feb
4
19%
20
25%
400
24%
Jan
26%
380
11%
Jan
20
200
72 %c
Jan
95c
Feb
41%
85 c
30
1%
1%
41%
1,800
75c
2,900
20
32% a33%
162
1%
22% a23 %
53%
57
97
100
19% Mar
23
Jan
116
19% Mar
21%
Feb
43%
445
38%
Jan
43% Mar
30%
32 %
5,857
32% Mai-
53
829
25%
40%
Jan
51
Feb
56
14%
14'A
136
12%
Jan
6
14%
13%
13%
1,165
13% Mar
93/a
16%
12.50
93/3
155
al9% a21%
*
,
231
34%
34%
a22
6%
1
10
a50%
10c
4c
17 Va
17%
a__
9,300
428
16% Mar
22%
11%
9c
-
12%
21%
31%
•%
a'37 Ve
a
18%
Jan
1.40
28%
28%
American Airlines
American
Tel
Jan
Anaconda
Feb
Armco
Feb
Armour
21%
Feb
Asbestos
8% Mar
2.30 Mar
&
&
Co
Tel
Co
Feb
13
22%
Feb
Belden
34%
Jan
Bendix
215
35
Jan
Jan
Mar
/« Mar
Avco
Mfg
37% Mar
Bethlehem
32 y8
Jan
33%
Feb
28
Jan
Binks Mfg
28%
Feb
Eorg
28 Va
Jan
29V4
Feb
Steel
633
20
20
20%
25
23%
25%
Corp
Jan
21%
Jan
3,200
17%
Jan
26
Feb
5%
34%
6»/a
Jan
6%
Jan
6%
6%
GOO
6% Mar
7%
Jan
3%
1,800
3% Mar
4
Jan
x34
200
1,050
26 Va
Jan
9%
Jan
11%
580
21%
Feb
14%
22% Mar
14 Va
14%
100
1,175
13%
Jan
15
151%
149% 151%
5,200
146%
(Un)
50
Jan
34% Mar
<
Feb
Feb
151% Mar
Fe
_
(Un)
28%
29%
10
Co_
29
33 Va
31%
33%
725
5
9%
8%
9%
5,100
7%
Jan
1%
1%
800
1%
Jan
108% 111%
120
103%
Feb
111% Mar
750
4%
Jan
6% Mar
1
100
"
.
_
_
_
4
5%
5%
6 %
3
_
1%
1%
1%
;
•
5
Corp
Jan
19%
1,200
Corp
Corn
54%
1,178
6 Va
3
Co capital
High
47% Mar
3%
6%
1
(Un)
•
_
27%
Mar
Jan
1% Mar
31
Jan
33% Mar
9%
Jan
1%
Jan
>
2%
Jan
5%
Jan
77/a
Feb
250
33%
Jan
37%
.
G
Feb
Feb
13%
200
11%
Jan
137/a
41%
42%
330
35%
Jan
43 % Mar
5%
6
2,000
4%
.33 Va
35
1,400
30%
Jan
35
13%
34%
13%
12
Jan
13% Mar
10
_
150
28
3,900
7Va
37
1,235
13%
_1
__
6%
x35%
10
(George W)
Borg-Warner
49%
11%
Corp
Brewing
Low
4:1%
34%
Bastian-Blessing Co
Berghoff
Range Since January 1
High
48 Va
22%
Aviation
28%
Low
Shares
11 Va
Mfg Co
35% Mar
Sales
for Week
22 Va
_
Topeka & Santa
Athey Products Corp.
Automatic Washer
Jan
62
CLAIRE
11%
_
Atch
12 %
% Mar
EAU
22 Va
(Un)
(111)
20%
31% Mar
LaCROSSE
(Un)„•
San
Co
Mining
Manufacturing
442
Jan
6-0780
1
(III)
Stand
Copper
Steel
21%
&
350
148
Feb
Mar
1
(Un)
Rad
;
;
15c
Week's
1
Investment
267/a Mar
28
Feb
49%
Range
of Frices
5
•
•
American
31%
iTi
28%
Castings
Bearing
Laboratories
492
3 7%
28%
1
(Un)
American
*
Jan
Roller
14c
Jan
6%
Allied
&
13
Jan
17%
Ball
13% Mar
Jan
490
3,398
11,164
33% a33%
Tnrp
Advanced Aluminum
343
-
34
1
Admiral
••
13
21%
Jan
Mar
10%
■
a34Va a34%
Jan
Jan
54,825
"
18%
24 %
a__
110
:
2.30
28'A
Feb
285
20%
27%
10
Aetna
ai_
5
Co
Alleghany Corp
9c
1.90
20 % May
Laboratories
Steel
Jan
13
8%
Acme
Feb
720
7
Feb
Jan
Last
Par
Abbott
1.75
45
Jan
49%
2V2C
Friday
Feb
Feb
Jan
22 % Mar
638
8
a
90c
58%
7%
13 %
20'A
Jan
2%
Feb
Feb
23 Va
5%
185
67,369
15c
Chicago Board of Trade
Sale Price
Mar
Jan
1,127*
a21 Va a 21"%
a
Jan
34V2 Mar
a—
—
Midwest Slock Exchange
1.45
•
—
22%
CHICAGO 3, ILL.
MADISON
STOCKS
22% Mar
•
—■
Mar
MIDWESTERN LISTED AND UNLISTED SECURITIES
54%
9c
„
Jan
liO
a48% a50%
15c
SO. LA SALLE ST.
MINNEAPOLIS
500
13
32 Va
Jan
ft—
Feb
,■
Jan
9% Feb
Jan
30%
15
6%
8
21 %
1,145
a21%
4
34%
Midwest Stock
Exchange
556
1.55
a
Jan
60c
1,162
13%
2.25
' 19% Mar
20
al9% al9%
Telephone Central
Feb
a40 %
16%'
■
Feb
Feb
Mar
DAYTON & GERNON
10S
Feb
i7%.-;.
22%
a2iVa
27Va
16%
\..4
43%
(Un)
(Un)
Jan
-
__
50
15%
__
43%
Inc
Feb
18%
1.55
—•
Jan
21%
42%
Jan
Jan
19%
«
23V2
21
26%
Feb
16% Mar
'
67 %c
a
Mar
Jan
8% Mar
622
85c
a40 %
'A
Feb
19%
9%
Jan
Jan
42%
*
(F W) Co (Un)
Zenda Gold Mining Co,
Jan
Jan
16%
57
17V2
Jan
8%
31%
'
__
Jan
16%
542
5
1
Woolworth
Feb
7
25%
a 23
14%
60
93^
•
Westinghouse Elec Corp (Un)
West Kentucky Coal Co
(Un)
Willys-Overland Motors Inc (Un)
Jan
47%
200
16%
a
Jan
1
Pictures
Jan.
Jan
618
7%
%
Feb
24Va
Jan
Feb
Jan
46
1.20,
67 %c
Jan
12%
a
10
Consolidated Oil Co
Feb
Jan
7%
27%
—
72
Jan
—
'26%
5
Kamp's H D Bakeries-—
Jan
12c
4%
25%
„•
Jan
11%
Members:
13%
^•16%
,...
7
1
71%
Feb
36% Mar
62V2 Mai-
7,567
al8% al9VB
ga/4
*
47
11'A
23%
17
5
a73
11'A
al5% al5%
10
1
Mar
45%
__
Jan
12%
a72%
__
41
United States Rubber Co (Un)
United
States Steel Corp
64%
44% Mar
69% Feb
62V2
__
50c
50
Jan
28%
__
•
(Un)
Jan
42% Jan
66% Jan
12%
__
25
(Un)
Jan
a7a Mai37% Jan
23% Feb
36%
1
25
21'
390
a68%
13% Mar
.
Feb
61
1,641
44%
33'%
Jan
53%
13/64 Mar
227
64%
a^2%
United Air Lines Inc (Un)
10
United Corporation
(Del) (Un)
1
United Gas Corporation (Un)_
10
United Paramount Thea com
(Un)__l
Certificates of interest
1
Lines
23 Va
63
44%
„
64%
25
com
Corp
34%
•
Century-Fox Film (Un)
•
Carbide & Carbon Corp
(Un)_*
Calif
333
25
Twentieth
Oil
610
25
(Un)
Corporation
Transcontinental & Western Air
Tri-Continental Corp (Un)
Pacific RR Co
2,845
37a
__
•,
Transamerica
Union
13%
51V2
13/64
__
•
Co
Union
13%
51 Va
13/64
•
a—
218
10c
6%
7%
„
11%
10c
5%
Mar
,
a
,
11%
__
27% Mar
584
—25
Jan
25
a51%
Jan
30%
33'/a
Feb
193
a36% a36%
al8%
Jan
36% Mar
33
——
Jan
14%
a 26% a 27%
14%
:
15%
30%
__
25
(Un)
10% Mar
9,900
'
26%
'
,
30%
pfd
A
7%c Jan
3,450
2.25
■
Mar
Jan
2.15
6%
16c
Feb
38%
"
•.
16c
23
16%
__
Feb
Jan
Jan
24,000
c
Jan
2%
35%
50
75
2.25
■■
Jan
Jan
1,343
a38% a37%
a26 Va
37'A
33%
Calif
Oil
Aircraft
Feb
23%
1
Co
Preferred
of
35
25
(N J)
Assoc
510
17%
15
25
(Ind)
Co
1,270
'
25
Western Union Tel Co
44%
(Un)
Sulphur Co (Un)
Textron Incorporated common
Air
Feb
44%
Gulf
Western
33%
*
(Un)
de
Jan
Jan
1
6unray Oil Corp common
Company (Un)
Texas Company
(Un)
Universal"
Feb
9
19
*•
Swift &
United
7% Mar
Jan
Jan
30% Mar
5
Co
36%
95
490
Webster Inc (Un)
Studebaker Corporation
Union
a8%
42
890
Stone &
Tidewater
6%
Jan
20%
—
Standard Oil Co
Texas
Jan
30%
2,151
31%
Company
—.
Warner Bros
10%
'
Pacific
Oil
5%
375
25c
_
class
Southern
Oil
Feb
150
35
20%
Southern Railway
Company (Un)
Standard Brands Inc (Un)
Standard
37%
5%
31%
Co
Van
110
'
•
preferred
Standard
40%
5%
__
•
Gas
Southern
Rights
Mar
20%
Company
Calif
Feb
230
;
6%
55c
34%
„
—
Jan
21% Mar
*
preferred
Southern
6%
Jan
Mar
31 Va
Corp
preferred
4.88%
20%
48c
39
1
preferred
4.56%
Jan
51
5c
28%
25
16 %
a
Feb
i
a41
—
a37%
—10
—
49%
78
Feb
47
Jan
Jan
720
23 Va
25
A
Jan
49 %
11%
25
preferred
19%
69 %
10%
13%
in
Jan
___
10
50
1
—25
10% Mar
1.65
•/
common-
Feb
Feb
3,618
77%
792
"
preferred
preferred
15%
14
—8
Corp of Calif
Jan
a__
42 V8
a
46c
307
a__
145
11 %
1
U
9%
Jan
18% Mar
Jan
1,243
171/2
13%
Jan
18
13%
7%
10
37c
302
-
46%
14
1
redeemable
red
1,200
Jan
11%
(Un) _ioo-
Inc—;
preferred
5%%
•5%
40c
13
14% Mar
190
1.65
%
6%
375
101
1
.
u
1,151
Jan
10%
1
(Un)
(Un)^
& Elec
13%
18%
a7%
Co
Finance
21% Mar
17%
101
•
Ltd
Co
64 % Mar
18
a83% a83%
Corp
Railway Co
61% Mar
51
*
(Un)
Jan
1,070
1,480
a40%
•
(Un)
Jan
64 Va
74%
1.20
—5
7%
21%
a50% a50Vs
1
Company (Un)
Clay Products
Pacific Gas
19 Va
a
),
(Un)
Oil
Pacific
Jan
78% Mar
77%
-
Inc
Aviation Inc
North American Co
22 Va
Jan
16% Mar
46'/a
17%
a33%
Fabrics
Corporation
Ja-n
72%
170
224
<i ■
Mgn & Dev
Central
Feb
22 V8
110
a22
a83%
«
Mallison
York
9%
100
16%
18
1
Corp
(Un)
Distillers Prod Corp
National
New
Jan
a21%
.1
Nash-Kelvinator
National
Feb
7%
60
-18
Co
Ward
Oil
6%
38c
♦
.
Utilities Inc
Power & Light
Mar
16%
„20.
Co
South
Jan
34
760
46 %
1,
(Un)
14
19%
1
Inc
Jan
Jan
355
_7
—
Robbins
Jan
12%
29%
307
10c
Company
&
Jan
120
10%
a
1
59%
7%
283
10
B
(Un)______.
Jan
Jan
13%
a22
^—4'
—j
a__
6%
32%
a
307
j-ioc;
Angeles Biltmore Hotel Co
Feb
Feb
238
39c
«(
Lockheed Aircraft Corp.
Loew's Inc (Un)-,
Los
Jan
5
14%
55%
75
10%
•
Co_
150;,
13'%
"3.50/
Company
Libby McNeil & Libby (Un)
26%
Jan
Jan
a__
6%
18 Va
1
Lane-Wells
4%
10%
31% Mar
61%
•
Kern County Land Co
Laclede Gas Light Co (Un)
Jan
Jan
8%
21
—10.
-
12%
16%
—100
—
a6%
1.05
a79% a80%
.1
(Un)
32% Mar
Jan
a22% a22%
12.50
(Un)
(Un)
13% Mar
Jan
80c
8%
—*
Co
Feb
30 %
300
6%
*
(Un)
11%
227
90c
32%
*
Corp
Jan
13%
5
(Un)
17%
32%
a6%
10
__
Jan
17%
1,232
a58% aSl%
•
j
20
13%
Co.——*
A
Jan
20% Mar
1
;
Feb
17%
4%
5
(Un)
4%
Jan
27%
4
(Un)
Jan
884
5
_
Petroleum
Jan
Feb
4
15%
a35% a35%
Kaiser-Frazer Corp
:
1,
Kansas Power & Light Co
(Un)-——5;
Kennecott Copper Corp (Un)
•
Lincoln
76%
67%
580
5
common
Co
Int'l Tel & Tel Corp
Jan
21 %
13:
6.66%,
Paper
67%
20%
1
Co
International Nickel of Can
International
Jan
31%
90c
(Un)„5
Company
Corp
63%
30"%
8
Petroleum
Iron
1,157
994
13%
32%
Development Co Ltd.—_ __25c
Independent Exploration Co_—_ 33 %C,
Interlake
Feb
31%
Imperial
Intercoast
17%
12%
1
Co
RR
Jan
13%
5
Foods, Inc
Illinois
36% Mar
15%
al6% a!6%
1
Corp
Hupp Corporation
Jan
912
*
Co
Calif
Development
Hudson Motor Car
72
Feb
48 Va
360
Goodyear Tire & Rubber Co common—*
Ry Co pfd (Un)_
*
Corp (Un)
—3
Hilton
66% >
15%
Feb
4%
l
(Un)
of
Feb
5%
Southern Calif Edison Co Ltd
com—26
4.32%
preferred
25
4.48%
Jan
Jan
153»
1
(Un)
14%
45%
33
50
4
•
a
—
600
15%
—25
»
a__
235
•
20
(Un)
Company
Co
17%
69%
Great Northern
Oil
v
64%
Greyhound
Hancock
94
,
Jan
680
36%
17%
2
Corp
9%
Feb
14% Mar
23%
•
Light
Feb
4V»
Calif
50
a22% a22%
50c
Util Corp
(Ei F)
of
1,043
(Un)
Corporation
General
Co
r
Corporation
Electric Co
Petroleum
14%
14%
Farmers and Merchants Nat'l
Bank_l00
Fitzsimmons Stores Ltd class A
1
General
Signal
13%
(Un)
&
8V4
200
5
Sierra Trading
Corp
Signal Oil & Gas Co class A
Jan
Socony-Vacuum Oil Co Inc
Corp
Emsco Derrick &
Equipment Co
Exeter Oil Company Ltd A
&
Jan
6%
Solar Aircraft
Inc
Share
Power
26%
10% Mar
Products
Florida
8%
Jan
51% Mar
Inc
Garrett
Jan
58% Mar
1
&
7%
4% Mar
Jan
Inc
Nemours
Bond
3o0
4%
„
15
Feb
(Un)_
Electrical
8%
4%
Company——
Feb
Mng
Corporation
8%
„
Shell Oil Co___
Oil
Feb
„
(Un)
7%
Publishing Company (Un)
•
Curtiss-Wright Corp common (Un)„•
Electric
(Del)
56%
Curtis
du
of
50
♦
Co
Co
365
Co
Industries
Oil
Sears Roebuck &
535
i
Aircraft
15%
1
6,045
10
Y
30% Mar
Jan
-1.75
i
25
(Un)
N
Feb
12%
5
(Un)
;
•
Sav
26%
1,322
Co
a60
(Un)
Gould
1,000
14%
(Un)
i0%
*>
Jan
30V,
14%
—
Company
Finance
Sinclair
36%
Mar
29%
L_
8%
51%
Jan
18V» Mar
1
1
—
25%
Feb
Jan
33%
-
150
10
2,400
Jan
16%
a34% a35'/B
1 400
2,228
5%
1
Edison
Aircraft
Mar
50%
15V4 Mar
55c
51%
*
Motors Corp
Continental Oil Co (Del.)
Class A
35
.
100
21 Va
a 58%
1
Continental
Dresser
Jan
12
Feb
15'A
50c
9
*
Engineering Corp
Consolidated Liquidating
Corp
Douglas
2%
Jan
47%
21 Va
Industries
Seaboard
11% Mar
Jan
8%
)R9
__
51%
10
System
of
Seaboard
a35%
16%
895
15%
—
560
__
Paper
Schenley
Feb
Jan
18
1
a59 %
25
Zellerbach
8
4%
Jan
42%
Jan
a47
1
•
—
Vultee
7%
a27% a27%
5
13
Jan
20%
11V4
*
Ryan Aeronautical Co
Feb
Feb
17%
Company
St
10
Feb
17%
4%
10%
Corporation
Safeway Stores Inc__
35%
11
14%
Company
Feb
Regis
Mar
Jan
2.50
Gas
Oil
Oil
55
9
a45%
—
.*
Inc
Ranch
571
3OV4
Mfg Co
Richfield
525
19%
1
(Un)
—5
Consolidated
Creameries
7%
35
&
10%
65% Mai-
Feb
50c
(Un)
—IS
tUn)
Power
33%
5
1
Commonwealth Edison Co
Crown
34%
2
—_
Consumers
25c
Jan
Rice
Oil
Drug
Feb
3%
•
(Un)
Corp
Jan
20
Feb
1%
Colorado Fuel & Iron Corp com
Pieferred
Consolidated
Jan
Pictures
Feb
6%
Jan
25c
10%
Co (Un)_
Products Corp
Chollar
17
700
350
Clary Multiplier Corp
Cons
665
150
Tractor
Consolidated
11
•
Gas
Jan
'
,
1%
Chrysler Corp
Columbia
3%
14,888
«
1%
Co
Cities Service CO
11% Mar
250
Company (Un)
Certain-teed
13%
1,500
Corp common
Canadian Pacific Ry Co
(Un)
(J
Jan
Jan
11%
Packing
Caterpillar
11
11%
Co
Case
Feb
Reserve
111% Mar
10%
42%
Broadway Dept Store
(Un)
Jackson
Rheera
11%
Company (Un)
Borg-Warner Corp (Un)
California
Feb
41%
Bolsa Chlca Oil Corp—
Byron
Rexall
7%
5
Borden
Budd
Feb
Jan
870
19%
25c
Diamond
Corp
Airplane Co
Jan
5%
(Un) —__50c
Mining
Steel Corp
Feb
37%
Jan
52
High
—*
Republic Steel Corporation
104%
215
•
(Un)
Corp of America
50
_5
Corp (Un)
Appliances Inc
Consolid
netniehem
5%
9% Mar
40
Co
Republic
33% Mar
10%
Aviation
Home
Benguet
6%
Oil
125
7
1
Jan
Jan
8
Pure
100
a41% a41%
20c
Bendix
•
30%
10
Oil Co
(Un)
32 Va
11%
Basin
70% Mar
Incorporated
Feb
175
11%
Co
70% Mar
Puliman
150% Mar
Mar
11%
common
Jan
61%
431
1,425
19Vi
—
*
22
11 Va
Consolidated
146%
150
55
3%
10Va
—
25
Co
Low
65%
54%.
19V4
33%o
28
11%
Petroleum
Feb
Range Since January 1
High
3%
55
3%
50
415
Baldwin Locomotive Works
(Un)——13
Baltimore & Ohio Railroad Co (Un)_100
Bros Corp
Jan
55%
*,
361
7
Barnhart-Morrow
14%
Feb
common
Pennsylvania RR Co (Un)
Pepsi-Cola Co (Un)
Phelps Dodge Corp (Un)
Puget Sound Pulp & Timber
20% Mar
Jan
Corp
28
7
Barker
Feb
20% Mar
Lighting
Low
65%
__
Motor Car Co (Un)
•>
American Airways Corp
(Un)__2%
Paramount Pictures Inc (Un)
1
23%
3
Bandini
11%
Jan
13%
9
Shares
Packard
Feb
55%
33%
-
for Week
Pan
23
9%
5
(Un)—100
(Un)__'
___25
Avco
114
34%
117
-
Sales
Range
of Prices
10
70'A
23%
10
Company (111)
9%
Pacific
Jan
Jan
31%
3%
Indemnity Company
70%
(Un)—30
Atch Topeka & San'ta Pe
Ry
Atlantic
Refining Co
Pacific
High
Feb
730
,
Week's
Last
28
•
Co
20%
149% 151%
70%
3
1,065
;
14%
a51% a54%
100
(Uni
11%
14'/a
Amer Radiator & St San Co
(Un)—•
American Smelt & Refining Co (Un)__*
American
Friday
"or
100
1
new
17
Sale Price
Low
3
.
MARCH
STOCKS
Range Since January 1
High
10
(Un)
Lt
Shares
33
EXCHANGES
ENDED
for Week
Par
(Un)
Inc
&
Range
of Prices
.
Mining Co
WEEK
(1173)
Sales
,
FOR
CHRONICLE
Exchange
Week's
Sale Price
STOCKS
FINANCIAL
STOCK
RANGE
Los Angeles Stock
&
13
12%
13
_5
60
57%
60
200
1,850
Gift-
Jan
6%
Feb
Mar
12%
Feb
14 •
55%
Feb
60
"*•
Jan
Mar
7
34
COMMERCIAL
THE
(1174)
&
•
OTHER STOCK
RANGE
Week's
Last
Range
of Prices
Sale Price
Low
Par
Brach
Sons
&
Brown
&
Brown
Shoe
Bruce
Bigelow
Co
Co
(E
Piston
Burd
Burkhart
Butler
(E J)
(F)
Canadian
400
17%
19
9% Mar
11%
Jan
Rath
14% Mar
15%
Feb
Republic
10%
10
10%
2,800
23
1
14%
14%
14%
1,060
4
16%
3%
3 Va
1,450
3% Mar
3%
Jan
3%
4
2.850
3% Mar
4
Jan
Co
Corp
Chicago Mil St Paul.& Pac vtc
Co
Cleveland-Cliffs
Iron
$4.50 preferred
Electric
(The)
Co
Consumers
Cleveland
Domestic
Pont
20%
1.000
19%
Jan
20% Mar
St
Louis
National
16%
17
115
15%
Jan
18 Va
Feb
St
Louis
10
10
250
9%
Feb
11%
Jan
28%
30%
13%
14 Va
30%
30%
Jan
12%
Jan
14%
Feb
Sears
354
7%
Jan
8%
Feb
Serrick
57
91
Jan
Feb
114
Jan
Jan
Signode
•
97
115 Va
Roebuck; A
a
41%
100
Jan
46
Jan
68%
Oil
78%
Jan
8outh
Feb
33%
Jan
Southern
14%
15
500
14% Mar
15%
Jan
73%
Sparks-Withington Co—
6% convertible preferred
Spiegel Inc
,
1.-50
31%
.33%
28
23
class
78 Va
Feb
Jan
46
Feb
Jan
37 Va Mar
Standard
Dredging
20%- Jan
22%- Mar
Standard
11%- Feb
13% Mar
Standard
33 % Mar
Standard
Oil
Feb
Standard
Steel
..
.
29%
20
Jan
25%- Jan
6%
340 •
Jan
30
-
7 V». Jan
350
27%
Jan
Jan
Stewart-Warner
7%
Jan
9%
Feb
7%
200
7%.. Jan
8 V*
Jan
Feb
6%
Jan
Sunbeam
Mar
36%
Jan
SUndstrand
5%
1,600
33%
5%
225
.
-
33
3%
Jan
30
4 % Mar
4 Va
4%
450
60%
64 %
244
54%
Jan
64 Va Mar
(Un)_—5
61%
63%
800
61
Jan
64 Va
Feb
Motors
45%
463a
1,360
7%
7%
100
74%
77%
2,000
68%
Jan
78 %
Feb
17%
18
465
16%
Jan
18 V*
Feb
10
Lakes
Bros
Towing
Hammond
Werner
Hibbard
Corp
Bartlett—,
Spencer
preferred
Indiana Steel
Indianapolis
Power
Light
&
Iowa
delivered
Knapp Monarch Co
Kropp Forge
McKee
11%
Feb
12%
26%
Jan
31V*
11
17%
700
11%
7
41
40
n
24
Field
6%
Feb
38% Mar
341
Medusa-Portland
3
Jan
3 Va
110
21
Mar
3%
22%
Middle West
25
400
10%
Jan
13% Mar
300
34%
Jan
39
Jan
14%
14%
450
14
Jan
15
Jan
6%
500
31%
32%
470
50
14 %
13 Va37%
50
100
6
.
A%
6% Mar
28%
Jan
32% Mar
46%
■
Jan
Feb-
50
40%
312
37%
Jan
33
33
150
32%
Jan
26 Va.
27%
39%
26 % Mar
2,600
41
41%
275
41
Feb
30 %
CO 0
600
30
Mar
Mar
40% Mar
33
Jan
28%
Jan
»cr
Jan
46%
30% Mar
23%
23 Va
900
9
9
'
23% Mar
100
7% Mar
16%
17%
4,000
16
Feb
17Va Mar
17%
17%
100
Jan
17%
.%
37j
3,100
90
8%
90
9%
1,090
2%
2%
'
I.
90
'
>
-
44%
v--
i._i._
8% r
,
Co
Trane
Western
(Un)
without
(Un)
dlv
United
Corp
United
13%
300
1.100
12% Mar
14%
Feb
4 Va
300
4% Mar
6 Via
Jan
2%
Feb
.7%
Jan
Jan
7%
7%
12
11%
12
7
200
Jan
13%
Jan
6%
Feb
20O
10%
Jan
1,500
7%
Jan
5,800..
7%
7%
17% Mar
14% Mar
Jan
7%
12
Mar
8% Mar
/.
20
21
50O
19%
Jan
21
Mar
*
45%
47%
10O
44
Feb
54
Jan
26%
27%
665
23%. Jan
27%
Feb
30
30%
90
28%
31
Jan
53
52
53
600
49%
53
Mar
10
2%
10
1
*
__
•
27
m
Feb
Jan
6%
.
100
6
Jah
10%
6%
4
5
Feb,
27
537-
25 Mi
Jan
27%.
19%
12
15%
8%
29 %
150
18%
Jan
19%- Jan
250~
11%
Jan
12%
Feb
530"
12 %' Jan
18%
Feb".
'
7% Jan
850
,
2,300
26 %
Feb',
8% Mar'
-
Feb
29%
Jan
47
9
12%
12-%
2,455
10%
Jan
12%
36%
37%
1,525
34
Jan
37% Mar
14%
15%
1,100
9%
Jan
15% Mar
63%
13'%
850
59%
Jan
'
Jan.
)
69% MarJ
-
ll%^eb
'Jan
.
*
Feb
63% Mar
-
-61%
!3
11 %
Feb
14%
Feb
-
__
32
31%
32
200
29%
Jan
34%
Feb
18%
129
16%
Jan
19%
49%
Jan
50%
Jan
42% Mar
45%
Jan
16%
150
—
49 %
49%
10
43%
42%
43%
2,988
....
•
15%
16%
500
13%
Jan
2,100
3%
Jan
3%
Steel
8
Van
4
Feb
Feb
Jan
4
*
Works
Iron
Dorn
12%
Electric Corp
1
*
White Motor Co
Wieboldt
Stores
Inc
common
16
150
11%
12
14
10%
79 %
10%<
82
150
562
Feb
23%
Jan
32Va Mar
950
14
—
—
19%
32%
6%
34%
16%
15%
1
•
__
•
Bankshares
Wisconsin
19
25%
200
19%
30%
6%
32%
16%
—
31%
6%
34
•
common
Westinghouse
4
1
Certificates of Interest
U
2
Industries
Woodall
—
Yates-American Machine capital
5
...
Youngstown Sheet St Tube
•
81%
9,300
50
Jan
7%
6% Mar
Jan
30%
100
Jan
34%
Feb
15%
1,181
Jan
16%
Jan
14%
Mar
16
Feb
12Vn
Jan
16
Jan
10% Mar
14%
Jan
73 %
82% Mar
11%
14
-1
300
9%
Jan
2%
24-%
c
24%
50
Jan
Mar
Jan
Philadelphia-Baltimore Stock Exchange
7
11%
Last
Range
for Week
of Prices
Shares
Low
2^ Mar
100
23
Jan
6
Jan
*
100
*
13
American Stores
Tel
American
St Tel
Arundel Corporation
Locomotive
Baldwin
Baltimore
Works
Range Since January 1
Budd
Company
Power
St
Light
com
Storage Battery
Fidelity <fc Deposit Co
General Motors Corp
Feb
2% Mar
25%
Jan
St Navigation
Pennroad Corp
Pennsylvania Power & Light
Pennsylvania BR
Pennsylvania Salt Mfg common
Pennsylvania; Water dt Power Co:
Philadelphia Electric common
$1 dlv preference common
Phllco
Corp
Edison
Potomac
3.60%
17
11%
29%
Jan
34 Va Mar
146%
Jan
151% Mar
635
14%
Jan
17 V. Mar
338
11%
Jan
13%
Feb
12% Mar
15%
Jan
14
65%
37%
68
76%
8
15
11%
8
C
14% Mar
Jan
68 Va
preferred
common
Reading Co
Bcott
Sun
rnrn
United
Gas
.
Improvement
Westmoreland Inc
41%
Jan
68% Mar
68 V2
Jan
78%
3,105
10
Jan
11 Va
21%
Jan
24% Mar
I6V4
Jan
18V. Mar
765
41%
Feb
45%
Feb
200
36
Jan
39 V4
Jan
4,120
23%
Jan
25%
Feb
777
24%
Jan
2534 Mar
1,206
37%
25%
26%
39 Va
32%
Jan
40 V4
2&-/«
llv
'•
1
5!*/a
•
3
4
26%
27Va
__13%
10
--
;
;
,4
-
Feb
* Mar
91
Mar
91
26%' Feb
23% Mar
1,625
29
29 /.
21 % 22 %
Hlf
'
Jan
10%
1,458
—
1
8%" Jan
15% Mar
3,063
2,085
i?.'4
24
Feb
Jan
'
11%
29%.
21/8
Jan
Jan
7%
775
692
24%
25%
*
-•
5®
*
*
Paper common
Oil Co
TTnlt-pri
Feb
63%
21
100
—
preference
dlv
Jan
37 V2
200-
540
28%
Feb
30 V.
Feb
211
-
$1.40
21%
24 V. Mar
444
Co—
Public Service El St Gas common.
Jan
Jan
8
6% Mar
674
68 %
77 %
8
10'%
37%
£4%
26%
38 Va
Jan
62%
7
24'%
38%
23 Va
17%
^'.'a
3<%«
24%
25%
36%
23%
17%
12%
744
285
15%
,
*
50 ;
10
•
•
• t
3
1.001
14
66%
6%
22%
37%
67 %
74
6%
32
13
12%
13 Va
64%
13
100
*
—2%
—-•
13%
•
10
10
—10
1
-- —1
Chrysler Corp
Curtis Publishing Co
Delaware
431
3,053
32% 33 Va
149% 151 %
16% 17
11% 11%
32%
151 Va
High
Low
High
Transit Co—
1st preferred
5%
Feb
•
2,600
Sales
Week's
Friday
Sale Price
STOCKS
Goal
17%
6%
1
69%
387
1
(Glenn L)
12%
14%
*
•
Jan
Paramount Theatres
Lehigh
12 Va
2%
10
66%
Mar
1,160
G3%
10
Inc
1.400
Jan
46
37%
•
Lines
Jan
18
•
208 South La Salle 8t Corp
Carbide St Carbon
Air
42%
11%
Air——5
Union
United
738
69%
Jan
3%
Feb
12%
23 "
5
2<
*
&
Mar
10%
2%
68%
;
•—
(The*
Transcontinental
50
Mar
8% Mar
Ltd—
Co
Corp
Thor
90
1
Jan-
Mar
&2
10%
5
Co.. (The).
Texas
Mar
33
11%
29
deposit
Martin
Jan
4Va
4
Feb
27%
65%
1
•
Tool*
15 Va
100
46
67%
25%
19
11%
15%
:
8%
68%
1
...
Co
of
23% Mar
17%
•
__
14 %
Piping & Supply
Jan
17
25 t
&
International
10
-
Midwest
Feb
24 V*
''
Feb
12%
5% Mar
Corp
14%
Jan
%
Swift
Feb
36%
13%
2%
Products
Jan
Par
450
Cement
Food
Mickelberry's
12 V8
22
Jan
63
3%
800
Metropolitan- Brick
Corp
SWlft
3% Mar
300
21
43
Jan
3 Va
6
class B
1,900
2,900
1-,;
.—1
5»; ■-
Sunray Oil (Un)
Jan
7%
1%
0
5
(Arthur G)
1,500
14%
24
>
10 1
com
Machine
26% Mar
2%
& Chemical
& Co
30%
13%
22%
Jan
Jan
5%
Printing Co common..
30%
29%
14% '
23%
Jan
Jan
21%
600
6%
19
22%
85C
24
26%"
Jan
50
24
2%
Co
Jan
12%
30%
Feb
Jan
25
95
—-,_5
(Un)
26%
12%
•
Jan
250
27
26%
1
33 %c
University
Libby
&
Lindsay Light
Marshall
Mar
900
•
——
& Sessions
McNeil
Lincoln
23
12 %
30%
17%
•
common
Co
Laclede Gas Light
Lamson
Jan
12
1
Co common
Extension
Laclede-Christy
Libby
16
30
——
Switchboard
12% Mar
25
Corp
Electric
Drug Co common..:..
Salle
Jan
*
Kelley Island Lime & Transport
La
14%
& Light—
Power
Kellogg
11%
*
delivered
When
Katz
Feb
Electric—
&
Gas
Feb
10%
•
1
Co
Shoe
F»b
2%
Jah
•
___r
13%
700
•
Harvester
Illinois
Jan
15%
_i
—
1%
Mar
51
15%
*
(Uni
11% Mar
440
9'64 Mar
150
26%
1
Steamship
When
2%
Jan
30
•
Steel
International
Iowa
Tool
Products
International
500
12
44%
11 Va
100
Industrial Rayon Corp
Interlake
427
15%
10
RR
,V Mar
5.100
Feb
10%
_50
___
Pneumatic
Independent
9'64
51
11%
5
Co
Central
h;
'
25
1
...
Brick
Illinois
Inland
30%
1
Corp
Illinois
39% Mar
Jan
2
1
Co
Hydraulic Press Brick common
$6
Jan
24%
.-
(Un)
J)
Container. Corp
Studebaker Corp (Un)
Feb
10 Vs
33%
270
3
Brewing
(G)
Jan
770
10
Corp
Heillman
Jan
8
7%
700
11%
—*
2
Co
Instrument
Harnlschfeger
Jan
Mar
8%
100
class A
bvB
-
30
48%
*
•
Brewery
47
39 Va
1
commons
Western
Jan
28%
•
Cooperage
41%
S%
s.—*
(Uni
52 Va Mar
-
37%
-iV
Hi
Jan
1
8%
.•
(W
.
46
39%
1
*
Razor
Drug Stores
;
Great Lakes Dredge & Dock
Hupp
77%
5
Gray
Hein
5%
——
Griesedieck
Jan
5%
"
Goodyear Tire & Rubber Co
Greif
Jan
161
Graham-Paige Motors
Great
5%
51%
(Un)
Co
Mar
51%
Corp
Safety
Gossard
Jan
12
5
Refrigerator Co
Rights
22
Jan
500
General Public Utilities.
Co
Jan
10%
Corp common—;.—1
Finance
Glidden
20%
12
5%
Transportation—
Gillette
200
500
207's
10%
5%
General Electric Co (Uni
Gibson
Jan
49
20%
—10
Auto
44Va Mar
Jan
Jan
29
140
83
12
General
30%
90
30
31
5
Feb
78% Mar
29%
33
12
Jan
ll1/*
*—25 :
Stone
.
10% Mar
41%
1
(Un).:
Aluminum Products.;.
1,140
5:Vo
Jan
50
100
2
Spring
8%
33
Jan
2,832
100
common
(Ohio)
28%
1
15
:
(N
7%
10
5
A...
Sterling
Oil
8 V*.
.
34%
10%
373
Oil of Indiana
-
.
...3,300
.
7
27%
•
_
5
—
28
.
6%
1
25
11—1
(Uni
Jan
200
13 Va
29% Mar
1,060
44 %
rights...
43%
22%;
12%
13 Va
32%
Co
6.000
22%
Jan
10%
5 ''
Work*
L»th#
Pacific
33%
250
445.
.37 Va
36%
Bend
220
78%'
46
44%
Jan
29 V*
43%
15
(Un)
Feb
78
Jan
Feb
26 V2
Jan
Vacuum Oil
Socony
Jan
.
Mar
6%
10%
*
32
•
1
General
Corp
67%
46
45
Jan
44%
1
...
63
.—
300
30%
24
• -'
Corn
Strapping
125
„
28
31%
r
Jan
Ma
4%
3,100
27%
31%
5%
26% Mar
26Va Mar
•
*
350
15
Feb
Feb
1
Co
2,027
2
Amer
Prod
5%
5%
•
1%
Corp class B common
Steel
...
•
com
;
__
•
Cummins
Shellmar
10
443
A
Feb
96
44%
Servtce
28
1.418
7%
96
Stockyards
1,700
8
26%
*
10
Co
Public
Feb
9%
Power
delivered
Electric Co
Schenley Industries (Un)
114 V2 114%
Co.
General
Jan
Jan
Sangamo
•
de Nemours
Drive
6%
46'/*
40
20 Va
Eddy Paper Corp (The)—
Falstaff Brewing Corp
Flour Mills of America Inc
Four-Wheel
Feb
33%
_
Manufacturing
5%
43% Mar
24
Car
Joseph Light &
Ctfs
Eaton
500
66 Va
Corp
(E I)
6%
72%
Dow Chemical Co
Du
27V* Mar
10
Louis
23
Nav
Credit Corp
Jan
25
St
—5
Dodge Mfg Corp:-...,
Doehler-Jarvis
23%
33%
—
&
1.055
•
900
Jan
-»—•
•
Curtiss-Wright Corp (Un)
Detroit
27%
64%
(Uri)
Co.
25%
(Un).
43
Feb
2%
1
preferred--....,
Continental Motdrs
Crane
28
69%
(Un)
Gas
26% Mar
__
24
38 Va
1
System
Commonwealth Edison
Columbia
20
71%
common
Inc.fL...
Co
26%
66%
Inc
Foods
Clinton
Coleman
15%
26%
16% Mar
Jan
2% Mar
•
Illuminating
Cleveland
30% Mar
Jan
8 Va Mar
10
.
Corp_^__.
Products
City
Feb
12 V*
70
*
2%
,,
_.
Service
26%
2,200
8%
43
Jan
35%
Sinclair
Pacific RR Co....
Cities
995
14%
24
14%
100
100
Chicago Rock Island &
Chrysler Corp
30%
14%
8%
26%
26%
3.695
2%
•
*
•
Towel Co conv pfd
29%
14%
400
38 V4
1
Chicago Towel Co common
Chicago
30%
46
16%
29% Mar
1
5%
2%
25
(Un)
Jan
44%
5
common
27
£P %
•
1
(Un)
Corp
Jan
1,000
27%
2%
38%
•
Feb
4(4
Co
Bros
When
8%
Jan
(Un)
Drug
15%
2%
20%
Jan
4
28%
...——19
Steel Corp
Richman
6%
100
•
America
Packing
Rexall
St
50
4%
(Un)
(Un)
of
Corp
High
8%
4%
(Un).
Radio-Keith-Orpheum
Oil
Low
8%
__
—
. ,
•
com
Range Since January 1
-1
High
•
Pure
31%
1
Shares
*
(Ind)
Corp
Radio
8%
Schwitzer
Chicago
(The)
Corp
Service
Feb
Feb
Jan
*
Products
Ohio
Process
Public
Jan
7
29
5
for Week
Low
—1
_•
Jan
150
250
preferred
Burrell
Jan
(The)
Co
Potter
34
Jan
7%
Light
Illinois
Chesapeake &
18%
31 Va
Central 111 Secur Corp common
Cherry
13% Mar
40
—50c
Corp
Central & South West Corp
Certain-teed
13% Mar
36% Mar
7%
(rJn)
Brewing
Convertible
700
221
18%
Carr-Consol Biscuit
Central
13%
30 Va
Manufacturing
Feb
57
37 Va
1
8
10
common
Pacific
Centlivre
Jan
52
50
55
Range
of Prices
Par
High
2'/a
L)
Ring common
Bros
Low
Sales
Week's
Last
Sale Price
Range Since Japaary 1
13Va
13
17
Friday
37
13%
__1
'
;
Inc
MARCH
STOCKS
Shares
1950
EXCHANGES
ENDED
for Week
High
55
*
„
Monday, March 20,
Sales
Friday
STOCKS
WEEK
FOR
CHRONICLE
FINANCIAL
20%
Jan
22%
Jan
66 %
Feb
80 Va Mar
55%
Jan
60 V*
276
-
105
5^/a
4
Jan
Jan
4,617
27%
3%
Jan
353
4
26 Va
Jan
28%
20
Jan
21% Mar
51
.21
Feb
BONDS " '
Miller & Hart
Modlne
v
f
c common
Manufacturing
Monroe-
.
Brewing Co
Minneapolis
*
preferred..:
Montgomery Ward & Co
National
(Un)
5
Tile
York
New
&
1,550
-
28%
Jan
30
Feb
36
Feb
38
Mar
50
54%
57%
558
12
11%
12%
1,700
17%
16%
17%
1,550
54% Mar
58%
Feb
11%
12%
16% Mar
18 Va
9%
50
9%
Jan
10%
50
24%
Jan
28%
3%
1,600
13%
1,600
3
%
11%
27%
27
28
600
24.»,
10
21%
21%
21%
1,064
18%
9%
9%
100
8%
*
•
Bancorporation
Jan
13%
35Vs
Feb
26% Mar
28%
Jan
2,200
Ohio
Oil
(Un)
•
27%
28%
660
,
Peabody Coal Co common
5%
prior preferred
Pennsylvania RR
...
Peoples Gas
Light & Coke
Pepsi-Cola Co (Un)"
i
For footnotes
see
page
1
*
5
25
50
100
33%c
6%
1,460
10%
700
19%
19%
700
21
19%
3%
10
3%
22%
450
6%
400
3%
(Un)_2%
.
4.600
109%
107%
Jan
10,000
41%
112%-Mar
Jan
10,600
Jan
$
6,000
~
54
.
6%
16%
17%
xl35%
10%
Friday
N
Week's
Range
of Prices
Feb
Jan
34%
Patterson-Sargent Co
4j
52
—
a
/a
Last
Sale Price
STOCKS
9% Mar
32
12%
34%
•
Feb
Mar
10%
13%
34%
;
U2
19
49
*
—
•
44 V2
Jan
110% Mar
49
:
Mar
54
Mar
Pittsburgh Stock Exchange
21% Mar
Jan
1
(Un)
28
Jan
25%
8
(Un)
Jan
2,850
Co
Motor Car
series A
13% Mar
2,500
Edison
Pan American World Airways
Jan
32%
Ohio
Paramount Pictures
Feb
30%
32 %
13%
Mfg Co
5s
Jan
3%
12%
20
;
Ill■
..
Feb
3%
3%
13%
Co..
Corp
conv
Jan
26%
•
(Un)
,,
1957
1961
1975
1975
conv
2%s
Jan
9%
Car
Packard
Feb
26%
1__1
RR
2%s
Feb
American
Co
debentures
debentures
Baltimore Transit Co 4s
100
38
American
Oak
Feb
19
29%
38
North
Northwest
American Tel & Tel—
Jan
2
Mfg
Central
Illinois
Jan
17%
North
Northern
7
200
10
Cooker
Pressure
National Standard
National
7
18%
29%
29 %
«
50c
Corp
6%
18%
•
Muter Co
Nash-Kelvinator
6%
1
common
Chemical. Co
1
16%
17%
18%
1,500
2,382
3% Mar
9
17%
21
6
4%
Jan
Jan
11
Feb
Feb
21%
Jan
24
Jan
Mar
Jan
7 Va Mar
J
16
Jan
16% Jan
134 % 136 %
976
127%
Jan
11%
4.400
8%
Jan
10%
32 % Mar
17 V*
Feb
18 V* Mar
138%
12
Feb
Mar
—
Nat Gas Co
common
Joy Manufacturing Co..—
Lone Star Gas
Mountain Fuel Supply
*0
2
10.2
1®
—
22%
12%
2%
13_,8
16%
22%
32%
32% 32%
13 V4
13
a
—
1
10
10
—
21%
40.
I
24%
21 /.
13 v s
2/a
14 U
16%
22%
2o
*1
/«
Range Sinoo January 1
Low
60
11
11
—
•
6%
preferred
10
Blaw-Knox Co
——*
Columbia Gas System
•
Continental Commercial Corp
1
Duquesne Brewing
:
5
Fort Pitt Brewing
1
Harbison Walker Refractortes com—•
Arkansas
Shares
High
Low
Par
Sales
for Week
10%
High
Feb
12
Mar
3
10%
Feb
10% Mar
40
14%
Jan
15% Mar
1,001
11%
150
2%
Jan
363
11%
Jan
14%
Feb
77
11%
Jan
17%
Feb
193
20%
Jan
23
85
30%
Jan
34% Mar
414
24 V*
Feb
26%
315
19 Va
Jan
22 Va Mar
Feb
13% Mar
3
Feb
Feb
Jan
Volume 171
-Number 4891
THE
COMMERCIAL
&
FINANCIAL
OTHER STOCK
RANGE
Friday
STOCKS
Week's
Range
Shares
$2.50
Pitts
Renner
e>aa
preferred
to
& Bolt Corp
United
voting
613
38'/2
7%
ctfs
High
Jan
6 Vb
19%
Johns-Manville
Jan
35%
7
160
3% Mar
Jan
40Ve Mar
Jan
7%
Kennecott
8%
Jan
Kern
Jan
7% Mar
&
Light
County
Land
Company
Inc!
Amer
Radiator
American
&
&
Light
Stan
American
Tel
American
&
Tel
Viscose
Co
Corp
Anglo Calif
Natl
Co
7%
Jan
19%
150
Jan
23%
Jan
Loew's
Feb
Macy & Co
16%
16%
&31% a31%
739
6%
160
31%
19
19%
170
H 00
Jan
6%
140
6
Jan
5%
Jan
6%
Jan
27'/a
Feb
Marchant
Jan
34% Mar
(R
Magna vox
Jan
30%
Martin
.*
Corp
(Un)___
Inc
25'/8
H)
*
Exchange
Week'a
for Week
of Prices
Shares
1
__
Archer-Daniels-Midland
Arkansas
Nat
Gas
Machine
Atok
Baldwin
Locomotive
Bandini
&
Ohio
A
Bendix
Home
Bethlehem
Co
&
Calamba
3%
9%
Jan
40 0
2%
24'%
100
17 '/4
300
7
13%
Jan
14%
56
Jan
56
120
69%
a24
120
23
Feb
29
250
28
Mar
—
38
38
597
34
Jan
41
41
100
all% all%
8%
a24'/s a24'/8
__
Pacific
13,771
4,600
7
1,241
5%
Jan
7%
Feb
11%
11%
11%
442
11%
Jan
13 %
Feb
11'/a
11%
424
6%
5%
6V4
5o0
_5
42%
42V4
42%
&
546
—
33'%c
allVe all'/s
__
30%
Jan
35
7%
Jan
97
157
49 V8
Jan
51% Mar
a60!4
a5BV8 a60%
255
58
Feb
59%
9
9y2
14'/4
14'/4
100
14 'A Mar
23
175
22'/2
23
5%
5%
5%
1,200
4
Jan
13
14
1,637
}.3
Mar
•
common
6
1%
_25
Continental
class
of
Giorgio
Class B
(E
(Del)
Jan
16%
128
Feb
a
17
Jan
300
30%
Jan
32% Mar
42
130
40
Feb
43
Jan
5
common
A
com—5
*
<Un)
•
Paint
Northern
Ry
39
31%
3%
350
3%
31 y2
32
978
29%
__
317/8
61
*
♦
conv
p.d
4
•
100
(Un)
•
(Un)
1
pfd
(Un)__*
A
•
(Un)
*
1
Corp
Car
•
Co
12y2
Jan
58]/2
6
__
-
77%
•'
4.32%
Jan
7 V4
Feb
__
__
52%
47%
Jan
Feb
Standard
Jan
19% Mar
/it Jan
14% Mar
%
%
16
Jan
a__
A
l'/4
Jan
Gas
Standard
Oil
Oil
of
Co
Standard
Co
Studebaker
Jan
17
Jan
3 8
10%
10%
515
45V2
46%
394
45Va Mar
50'%
65 VB
65%
335
58
Feb
65'% Mar
•
15%
15 '/2
330
14%
Feb
16%
10%
a34%
a34%
a
30'/2
30%
1.4%
1,257
a
a
a29
28%
Jan
Texas
Tide
Company
Water
Jan
6%
Fen
Transamerica
41%
11%
a
Jan
___
67
44%
Jan
2
800
1%
Jan
a40% a40%
20
12%
I 42 V2
Jan
Jan
Feb
a_
_
14%
Jan
69 Va
Jan
49% Mar
2%
a
43 %
40
30%
Jan
499
23%
Jan
271/4 Mar
180
38
Feb
39
Jan
22
Mar
31%
Jan
22
9"B
19%
Jan
41
480
37%
Feb
42V4
Jan
5"!
30 y4 Mar
33 '/4
Jan
29
29
20
28
Jan
29%
Feb
a5%
a5 %
40
Jan
5%
Jan
121/4
12l/4
'
--
248
7c
9c
9c
29%
20.100
a<13% a44'/4
a37V4
11%
160
a34% a35'/8
a34%
5%
7c
42 V8
305
Jan
13
Jan
36% Mar
Feb
9c
Jan
43%
Jan
Mar
Feb
37 y2
70
35
Jan
37'%
Jan
331/2
23%
32
32i/2
495
32
Feb
36 %
Jan
231/4
24
1,259
22
Feb
2a
Jan
1*7
16%
17
1,388
17
Jan
30
36
291/2
30
2,725
35%
36%
2,036
341/4
Jan
36'% Mar
27»/4
27%
301
26%
Feo
21 %
a
16
•
Feb
29% Mar
31 Va
Feb
ret
a301/2 a31Va
192
291%
Jan
30% Mar
32%
32%
130
31%
Jan
32% Mar
28%
&31V8
32%
28%
100
28%
Jan
29
Mar
Mar
35%
36
130
3o%
Jan
36
13%
1,375
11%
Jan
13% Mar
52%
1.182
501/4
Jan
36
13%
51%
13/64 13/64
a
12%
a
27%
Victor
Feb
Warner
16% Mar
19'/4
Jan
Wells
21
25%
Feb
Westates
49
Feb
Jan
4 V4 Mar
53% Mar
Equipment
54
Feb
Petroleum
1.85
a__
9%
Feb
—
Jan
26% Mar
9%
23c
Jan
Feb
a__
10% Mar
29
West Indies Sugar
a
Jan
Woolworth
(F
Jan
Yellow Cab Co
36c
Feb
Yosemite
___
27%
400
261/2
Jan
28'% Mar
22% a23%
508
21%
Jan
23'/4
Feb
64%
2,613
Feb
61
Jan
64%
461/4
230
42%
Jan
461/4 Mar
289
66i/8
Jan
69%
Jan
Feb
271/2
29%
652
26%
Jan
29%
23 %
23 %
23 %
135
22%
Jan
231% Mar
62%
310
24 %
1,525
23
Jan
105
50
105
Mar
16%
1.7 %
10,644
16%
5
1,624
27'%
Jan
180
25%
Jan
28
Feb
15 Vz
403
13%
Jan
16'% Mar
3%
19%
4
610
90
32 Vs
4,184
53
■
19%
30%
a
53
265
3%
1.266
a
3%
--
6%
6V2
520
13
l31/2
590
100
—
*295
*295
1
90c
95c
3,37/
1
—
(Uni
Railroad
__
—
—
1
com
(Un)
Cement
9V2
__50c
Co
17%
*
—
•
jU-*
1
lb
1
common_
Portland
26%
271/4
13
i
pfd
10
Feb
10
8f 3
3%
1
Jan
Mar
18%
5
(Un)
Jan
17%
43%
a
i
common
18
24 Ve
Jan
15'/4
32
(Un)
14%
62'% Mar
105
271/4
3%
10
18%
Jan
261/4
a
al9Vz
Oil
Stores
W'l
59%
62%
23%
(Un)
Western Air Lines Inc
13%
a__
a67% a69%
1
int
(Un)
Dept
13/64 Mar
63%
P41/2
(Un)_l
:
of
Co
Pictures
Pacific
13/64 Mar
a__
46%
a22%
*
(Un)
Fargo Bank & U T
Preferred
85
29%
tUni
common
Consolidated
Bros
287
12%
105
com
common
Theaters ctfs
Corp
Utah-Idaho Sugar Co
Jan
16V2
Jan
Calif
Feb
11%
15
3%
of
Co
Universal
10% Mar
90 0
Jan
39%
25
Oil
Caroon
Feb
555
317
Feb
25%
30%
2IV4
2
Corp of Del
Steel
275
Jan
&
Par
S
10%
290
Fpb
74
Jan
40%
Corp
United
16 y2
n%
Mar
30%
1__
United
U
161%
26%
24%
10
(Uni
Associated
6
111
11%
67
41
5
26%
20
88
30V4
It
•
15%
•
25
•
—
30'% Mar
Jan
26%
26
Oil
20
8
Jan
Jan
12%
V8
32% a32%
a38%
a39%
Feb
11% Mar
27V4 Mal.
67
67
67
a29Va
'an
a__
225
14V4
United Aircraft Corp (Un)
United Air Lines Inc_
1,800
92
30V2
14%
Union
2,300
34%
8%
Jan
Vs Mar
1
Western Union Telegraph
(Un)
Westinghouse • Elec Corp 'Tint
Willys-Overland Motors (Un)
470
(Un)
Jan
40.
18%
—
98
•
10
Com
2.05
page
17%
{
•
Western
see
19%
25
Western
footnotes
Feb
25
Preferred
208
34c
18%
25
Super Mold Corp
Feb
1,536
34c
475
25
(Un)
Jan
__
19%
Calif
Jan
P2
19%
25
(Ind)
Standard Oil Co of N J
Feb
Co
102
•
2%>
Mining
Mar
(Urn
15 ]/4
<Un)__
30
1
Inc
11%
com
99'%
--
13/64
Feb
(Un)
Jan
99 Vb
\
_1
Jan
Tel
Feb
21
(Un)—*
common
Jan
&
Jan
10%
Feb
52%
G)
2
Tel
4%
Jan
5
9%
of Canada
Feb
91/4
795
—1
pfd series A
13%
Internationa]
3%
Jan
a39
Mar
15%
Co
iA
Brands
29%
68
1.95
}ii
202
Feb
10%
Feb
109V4 Mar
8,512
14%
9%
25%
'■
3%
78
a39
Feb
Jan
Mar
171/4
:
Jan
a__
13%
1.90
24
101
10'/a
1
4.88%
10
__
333
882
13.836
3%
(Un)..
preferred
70
1.90
\'i
i'c
8
com
1,230
10%
25
%
IB
Co
a3
1
24
104% 107y4
^7V4
10
(Un)
11%
20
Jan
U
(Un)
10%
33V3C
16
42%
2,485
Feb
Jan
14% Mar
*
10
Mar
55
106'%
447
5
625
Jan
151/4
Carbide
939
Feb
103V4
16
Union
41/4
52%
130
Feb
14'A Mar
Transcontinental & Western Air
17%
632
Feb
F;b
29'/4
370
Feb
241%
30%
29V4
Jan
14 Va
49%
41/4
Jan
Jan
1'4%
46% Mar
21%
28
28
16%
Co
a2%
(Un)
29 V2
i7fl Mar
r
14%
5
11%
Co
33% Mar
•
a2%
Exploration
37V4 Mar
Jan
% Ma
10 V8
A
6%
Power
Jan
31%
55
•
!__1
Independent
35
549
•
Inc
Maryland Mines Corp
1,724
105 105 Va
:
Mar
67V2
53%
93.418
54 %
5
preferred
Inc
28
a48% a50%
52 %
Vi
37
Jan
17
Fib
33%
Jan
50
'
%
324
Sperry Corp
12%
Mar
18 V2
400
al3% al3%
Jan
Mar
•
(Un)
Foods
__
34%
32
351/4
•
Rights
Spalding
Jan
loy2
17'/4
12,495
30 V8
25
Pacific
34
33%
10
Co
Southern
Feb
32
%
-—25
Mar
9'%
5V4
596
4.48%
61
Jan
Jan
Jan
915
preferred 4.56%
Jan
7
8%
4%
28%
(Un)
common
Edison
Calif
E% Mar
20
36V4
P10
cumulative
Southern
13 Ve
2
Calif
5%
a9
50
Jan
13
Jan
Jan
6,502
49 V2
a33
28'%
131/4
%
711/8
a38
Jan
Jan
5 %
2,082
12%
27
11%
%
281
a50
75
5%
4
1
(Un)
Co
Co
Oil
Pulp-
46 % Mar
1,160
a49y4
__
77%
2.30 Mar
34% Mar
140
30%
Co
Corp
Socony-Vacuum
10
100
46%
Ftb
Jan
Jan
1.40
32
"
563
6
Oil
64y4 Mar
1,170
45%
Feb
210
12%
&9 VB
15
Southern
50
__
1.027
28%
Inc
&
Jan
1,500
__
9.200
12Va
SO
Co
Mar
1
60
2.30
34%
a27% a28%
__
1
Mining
32
,7B
29
Stores
Maurico
Jan
15
28
32c
1.90
_i
—•
S & W Fine Foods Inc
Jan
1
__
Aeronautical
4
14%
—
Ryan
Convertible
18% Mar
a22'/4 a22'/4
Jan
28%
(Un)
B
Convertible preferred
42%
28
22C
1
Cumulative
13% Mar
a22'/4
100
28%
common
Jan
37% Mar
__
Bros,
Mar
195
__
Roos
15V4 Mai-
220
.
28c
•
15
18%
—
11% Mar
28%
(Un)
class
Co
72
38 y4
—
21%
Jan
23%
Corp
Jan
%
__
Cement
Mar
18%
13%
Oil
Feb
38 J/4
__
class
465
Feb
%
•
Ltd
34 Vb Mar
~
3
Inc
Co
61
11%
11%
70
101
(Un)
Motor
1.636
300
common
non-cum
Stores
Oil
878
15
19%
10
Pineapple Co
Battery
15'/4
70'%
11 %
Greyhound Corp
Holly Oil Co
15
51
Jan
11
32
iUn»
Manufacturing
Riverside
Southern
70
Jan
18%
140
34 Vs
2.30
25
Soundview
19%
iUn)
common
Rheem
104% Mar
13
40
165
28c
—
Preferred
103
15
__
915
20
11%
*
Republic Steel Corp
Jan
9V8
47
5
(Uni
America
Revnolds Tobacco class
Jan
15'/4
Mar
50 %
20
11%
—
11%
Railway Equip & Realty Co Ltd pfd_100
Rayonier Incorp common
1
102%
lC7/„
1
of
CorD
100
Jan
Feb
Feb
(Un)
Radio
Sinclair
.._
5.
Pure Oil Co
Feb
7%
13% Mar
28
115
262
13 Vs
Mar
105
(Un)
Roebuck
__
•
Rubber
&
8%
Jan
98
33%e
Oil
Jan
23% Mar
10%
Jan
100
<Un)
Signal Oil & Gas Co class
27%
23% Mar
245
Jan
86
*
(Un)
Sears
865
common
____
Tire
151
16
Co
Sheil
471%
2'/2
Graham-Paige Motors
2,101
3V4
__
•
$5
33
104%
RR
Jan
46y4
(Un)
Ltd
32%
104 »/2
al03V8al04%
__
(535
12%
7% Mar
11'%
50
100
Jan
Jan
325
23%
98
14%
Airways
Jan
100
13%
Jan
7»/2
98
Jan
7Vb
Jan
10% Jan
11% Jan
Jan
105'/a
'Un)
com
14
47%
common
Co
World
59
6%
20
Razor
20
Jan
24%
22
103
580
18
Companies common—•
Jan
61V8
Corp common
preferred
23
__
6%
57
Jan
545
7%
11%
21%
_*
12% Jan
35
23%
Jan
common—
Fhdiips Petroleum Co
Puget Sound Pulp & Timber
Pullman Inc (Un)
San
315
,
Motor
Safeway
200
Feb
Jan
•
common
Phelps Dodge Corp
Feb
13
Jan
9%
25
1.
Tel
&
Pepsi Cola Co
Mar
103
18'/»
Jan
18%
(Un)—10
com
Preferred
32
1,086
5
Service
American
14 Vb
7'%
1
Co
Pan
Jan
64'A
Corp
Safety
State
PacKard
Jan
13
Jan
8 1/4
16
——
Parafflr.e
27%
7'%
(Un)__l0
Tel
10%
108
16%
100
256
—*
Cement
preferred
50
a587/s a61%
__
1,647
9%,
25
Rights
864
61%
(Un)
Equip
Corp
1st
Pacific
370
7%
Co
Motors
Public
13'%
64'/4
•
Co
Pacific
a6%
10
common
Electric Co
Foods
__9
108
15
Co
32
13% Mar
21
Jan
17%
Feb
335
—25
A
preferred
Portland
a
>.5
Kleiser com
General
"*
$
:
Share
$4.50
Pacific
12%
__
1
class
30'%
a
18'A
17%
25
preferred series
Lighting Corp common
a6%
__
13'%
1
25
common
&
General
42
50
'
27'% Mar
Jan
12%
5
1st
Richfield
32%
(Un)__
red
a
42
a31% a31%
Jan
17%
23%
15
red preferred
Pacific
F:b
17
44
32%
Power & Light
0
Machinery & Chem Corp com__10
For
34%
Feb
100
Feb
Florida
IXL
Jan
15%
50
16V8
16%
Inc
Liquidating Corp
Nickel
33
•
Ltd
Plantation
Idaho
Jan
5
Capwell
Corp
Intl
Jan
77%
a29% a31%
1
Works
Derrick
Idaho
66%
Feb
al6% al6%
24
45
13'/4
__
23%
...
Feb
ICO
(Un)
Co
&
Emsco
Hupp Corp
Jan
68%
i6'/8
_1
Co
Co
Eureka
Hunt
63%
248
Jan
8%
167/a
Bank
Fields
Oil
Emporium
Hudson
1,232
30%
Jan
16%
(Un)
Bridge (Un)
I) de Nemoura
Bond
Honolulu
66y2
70'%
*
(Un)
Corp
Kodak
Dorado
Kobbs
64%
70'%
Feb
__
class A__
Corp
Mfg
Chemical
Bros
127
Jan
*
Oil
Dumbarton
Hawaiian
1,152
12%
common
Dominguez
Hale
30
7%
Jan
1,438
Aircraft
Co
Fruit
Doembecher
Gt
30
7%
l.bO
13'%
preferred
4%
2,400
12%
*
Goodyear
1.60
15% Feb
13'/?
•
General
1.50
25
Ind
Nat'l
Zellerbach
Golden
36% Mar
33% Mar
a:i27/8 a32%
535
al7
23
25
Pennsylvania
Jan
__
27 V2
16%
7%
—25
Feb
Jan
—
58%
11 Va
12'%
1st preferred
1st preferred
Feb
32%
__
Jan
9V4
1
common
53 V2
32%
•
Electric
&
11%
588
66%■
55%
16%
j._
—;—5
Jan
7%
581
21%
Aggiegates
Jan
27
57
10
Co
53
1,035
__
Jan
Mar
27 Va
17%
•
10%
Jan
Mar
9%
23
57
a
B__
40
1.40
Jan
Mar
--
8
21
14% Mar
9
23
Feb
16V2
Corp
53 '%
140
33
Mar
50
57
100
1st preferred
5'/f
38% Mar
a31%
(Un)
preferred
Curtiss-Wright Corp
Gillette
Feb
•
Preferred
General
34%
33%
A—2V2
(Un)
com
America
First
&
949
36%
*
2nd
Food
38'%
32%
_
30
—3%
Edison
Oil
Creameries
Foster
Jan
35%
.
»
Common.
Solvents
Vultee
FAR
6
36%
10
Sys
Motors
Ewa
Jan
Jan
14%
1.55
(Un)_
Consolidated Edison Co of N Y
Electric
5% Mar
17
2%
Continental
El
Feb
14%
25
(Un)
—
System
Consolidated
Eastman
6
33
3V8
—
I
5?e
Mar
—
25
Gas
Pont
20
147
9Vb
a22% a22V2
—
20
aliy4aliy4
__
]
com
Iron
6
a32% a33%
a?3%
100
5 V2 %
9V2 Mar
Feb
Jan
21Vb
Cons—i
Paramount Pictures Corp
53 '%
__
•
Ry
38
__
10
Co
Jan
16%
23
8 V4 Mar
19c
17%
Rights
6 "if
Feb
__
230
Feb
21 Vb
Sugar Plantation
Gas
Pac
1
America
Broadcast
Jan
__
»
(Un)
&
3 25
27 V2
Jan
15c
Jan
2.10
10
'Uni
Filters
Coast
Mar
13,414
2.50 Mar
3.002
15%
Feb
100
(Un)
Can
13% Mar
24%
17c
ji
(Un)
5%
807
6,522
2.80
2'%
Paauhau
a.._
35
13%
a50% a51»/8
common
Consolidated Chem
du
—
Co
United
Pacific
Feb
a27'% a27%
______10
(Un)_
(Uni_„_,
(Un)
RR
Co
Commonwealth
Dow
_
15c
—
*
(Un)
common
Pacific
Feb
6V4
2.60
2.80
_20
Commercial
$3
a
Oil
42 % Mar
5
B
Columbia
Di
11%
Feb
Jan
a27%
(Un)
Ale
Ohio
Chemical
Crown
10
Jan
a5l'/s
5
Preferred
Crocker
Jan
y2
35'/a
Mar
1
Co
Ohio
Oliver
26c
•
Oil
Petroleum
Oil
Edison
8% Mar
27c
34
12%
1
10%
4
Feb
Jan
10'%
__
2
Cnrysier Coip
Class
5%
23c
Occidental
Oceanic
Jan
Mar
1.60
Feb
25
13y2
Ry
Paul
Columbia
Feb
24c
1
of
Fuel
24
Feb
8%
Mining Co
Chi
Colorado
4
9%
105% Mar
23c
A___
Tractor
Corp
Eureka
Cloiox
Jan
7'/4
Co
Ginger
Service
Jan
104
American
Oahu Sugar Co Ltd
Ohio
G%
*
Tile
Chesapeake
Cities
7%
355
•
Mar
41
7
___50
St
Jan
23c
100
Preferred
Mil
Feb
8%
•
Packing Corp
Celanese
39
a__
375
&108% alll%
„
Caterpillar
9
38Vb
Jan
21c
•
common
Northern Pacific Ry
Jan
30%
(Un)
Power
Co
13
900
5,000
1
Corp
Aviation
560
Feb
Mar
24c
1
(Unj
American
North
Mar
72
32
50
__
—
Jan
3
Cap
Art
Central
150% Mar
Jan
29
Co
Cement
Canadian
146%
RR
Mohawk
Amercan
13
1.90
8
(Un)
North American Investment com
G%
preferred
1:
Jan
2,501
Centra]
19%
27 V* Mar
Feb
13V2
__
North
Feb
218
Y
Jan
Jan
10%
13
•
North
11
23
547
23c
10
(Un)
Service
430
576
13
1-75
•
Fibres
Linen
Niagara
Feb
600
a69% a69%
all0%
N
Jail
14'%
___i
Sullivan
Sugar
Dry
18'%
21
Feb
(Un)
Natomas Co
24Va Mar
17% Mar
15
California
Canada
24'% Mar
149% 149%
__
National
Feb
3 V2 Mar
20%
a225/8
(Un)
Calaveras
California
11%
Auto
16%
27%
--
*
National City Lines
National Distillers Products
Jan
Jan
24'/2
4
Jan
610
3'%
P10
Appliances
Jackson
10
ll3/8
National
Jan
2.50
'Un)
Corp common
Dept Store_
Bunker Hill
a3%
14'/4
__
5
(Uni
Eo-oadway
Jan
*
3V8
13
Borg-Warner
Byron
25
Feb
29
Bishop Oil Co
Blair
Holdings Corp
(Un)
Boeing Airplane Co (Un)
Borden
Feb
3
a517/« a54s/a
—
5
(Un)
Steel
14%
&53%
(Un)_100
iUn)
RR
Corp
Aviation
22%
17V4
__
__
(Un)__»
Petroleum
Bendix
10
100
Jan
13
*
Corp
Jan
321/4
13%
pfd_10
(Un)
Co
Nash-Kelvinator
18'/a
Feb
l
Light
Cement
Feb
16% Mar
•
1
Ward & Co
Morrison-Knudsen Co
Jan
a20'% a20'%
24'%
■»
cl
Big Wedge Mining Co
Mfg Corp common (Un)
Baltimore
52%
11
14
Co
Corp
& Co (111)
com
(Un)
Topeka & Santa Fe
Corp (Un)
Imperial Diesel Engine
Avco
Feb
Power
81/4 Mar
29%
16%
—
P10
(Un)
&
Portland
Jan
26%
—
27 V4
5
1
Montgomery
High
51
3'%
__
__
•
Atchison
Atlas
Range Since January 1
20
3
a3%
__
"
Armour
Atlas
3
Power
Monolith
Low
a22% a22%
__'
& M Cons
Montana
High
a48'/» a48'/*
J & M
a31V2
Co
Calculating
(Glenn)
Co
Minnesota
Sales
Range
M
16%
*
,
common
Navigation Co
(Un)
Menasco Mfg Co common
Mindanao Mother Lode Mines
50
Bank
Feb
270
Low
100
(Un)
14%
8
a28
100
•
(Uni
Jan
100
7%
a263/4
20
Woolen
Copper Mining
13%
14>/4
3
a27%
__
»
<Un)____
American
Anaconda
14 V4
14%
1
1
380
20
<Un)__
Jan
7
422
1
(Uni
Jan
33'%
Lockheed
6%
•
(Un)
47
Feb
Libby McNeill & Libby
26%
»
Smelting & Refining
Jan
32
Jan
34%
•
San
45'/4
120
Jan
6%
5
(Uni
1,076
32
lie
261/4
_____
Power
46
95c
Aircraft
PeD
Mar
32
—
Feb
32%
Alaska Juneau Gold Mining Co______10
Alleghany Corp <Un)
1
American
54%
Jan
y2
26
Par
Airlines Inc (Un)
American & Foreign Power (Un)
American Car & Foundry (Un)
American Factors Ltd
(Un)_.._
19
Jan
555
8c
Sale Price
American
Jan
71%
51 %
75c
Last
(Un)„!
16%
51%
87
491/4 Mar
51 '/4
100
Friday
Co
Jan
6,200
24%
•
STOCKS
Reduction
Jan
4%
10c
San Francisco Stock
Air
46V4
3,540
45%
10
(R G)
High
199
6%
alSVa al8%
—
8
Co
LeTourneau
al8%
•
Low
49V4
6
--
8.75
(Un)
Corp
Range Since Jannary 1
High
49V4
49V4
•
1
Copper
Leslie' Salt
(Un)
Corp
Kansas Power
38% Mar
Jan
Corp
Low
90c
6%
12'%
common
Shares
Par
Feb
Matson
Abbott Laboratories
for Week
8c
1
Wesunghouse aii bra*.e
Westinghouse Electric Corp
30
7%
Sales
Range
of Prices
90c
8c
1
common.,,
2
321/4
337
7%
7%
7%
1
trust
4%
6,575
7%
1
Glass
3%
40%
*
Spring
States
3%
_1
_
Common
100
39%
38
—-r
*
Toy Mining
Steel
3 y2
40 Vb
25
lilacs
Co
Low
5'/2
Week's
Last
Sale Price
STOCKS
Kaiser-Frazer
Pittsburgh Steel Foundry common
Standard
17
Range Since January 1
High
5%
•
—
2'%
convertible
Screw
Low
5
common
Piusourgh Plate
MARCH
for Week
of Prices
Par
New
EXCHANGES
ENDED
Friday
Last
Pireproofing CorpPittsourgh Brewing Co—
WEEK
(1175)
S»Ies
Sale Price
National
FOR
CHRONICLE
--
34Va
—
__
--
al5c
19'%
25%
3%
Feb
Jan
45
42'% Mar
Jan
Jan
4
23
Jan
23%
26'A
Jan
32 Va Mar
41
Feb
56
2.70
Feb
3%
Mar
Jan
Mar
Jan
'
6'% Mar
13
275'%
7%
Mar
Jan
,
1
16
300
Jan
Jan
Feb
Jan
1.15
Feb
1,272
5'/a
Feb
6%
Jan
a?l% a21%
10
21%
Feb
9%
9%
1.067
17%
17%
737
161/4
Feb
18
Jan
a32% a32%
20
30%
Jan
31%
Jan
5%
90c
8
20
Jan
Mar
a!9% a21%
121
34
34%
1.694
31 Va
Jan
6
0
100
5%
Feb
a48% a50%
240
48%
Jan
4%
4%
200
al5c
al5c
17
4"2 Mar
LOC
Feb
21% Mar
9%
20
Feb
Mar
34'% Mar
7
50%
Feb
Fet
5
Jan
20e
Feb
35
36
(.1.176)
THE
&
COMMERCIAL
FOR
CHRONICLE
Monday, March 20, 1950
MARKETS
LISTED
CANADIAN
RANGE
FINANCIAL
WEEK ENDED MARCH
17
Friday
Montreal Stock
Friday
Week's
Range
for Week
of Prices
Shares
Par
Power
$1.50
&
Low
-20
Sugar
class
23
Aluminium Ltd
of Canada
Amalgamated
Electric
Anglo Canadian Tel
Argus Corp Ltd
«
Corp
4'%%
Co
&
Mines
Ltd
Traction
Oil
&
Elecc
Forest
Products
Columbia
Power
Corp
Feb
58% Mar
Jan
27
Powell
50
8
4,115
7
74
Jan
76
Jan
24%
Jan
26'%
11%
22%
22%
23
4,265
19%
Jan
23
Mar
68%
68%
69%
2,482
66 '%
Jan
19%
19%
19%
1,821
175
175
12
43
43 %
75
74
76
160
26
1,995
Feb
Jan
Power
45% Mar
46%
Jan
Price
Jan
8'%
Feb
4%
8
9
320
40%
5,015
41
Jan
9.15
9.15
75
22%
13,018
19
Jan
14%
25
14%
Jan
15
Feb
45%
46%
510
45
Feb
47'%
56
56
65
54% Mar
57
Jan
1
Co
i43/4
14%
14%
100
14%
Jan
15%
Feb
47
46
Co
Ltd
47%
1,300
4
42'%
Jan
17
735
15'%
Jan
17%
68
693/4
4,186
63 %
Jan
70%
100
100
30
99
Jan
101
Mar
%
505
12
Mar
13
Jan
16%
292
16
Jan
6
Jan
69%
100
8
130
9.60
12,705
*
16
Lawrence
1st
St
Lawrence
26'%
26%
700
26'%
Jan
27%
Jan
St
Lawrence
Jan
91
*
7,375
2%
Jan
29
1,631
27%
Jan
3
3
800
27%
Jan
3.15 Mar
19%
19%
Jan
7'%
25
6%
Feb
.
50
90
17
Jan
3.20 Mar
Feb
29
Mar
8
33%
33
33%
677
30'%
Jan
33%
Feb
5
a9.75
a9.00
a9.75
110
8.50
Feb
9.50
Jan
7%
7%
34 %
36
20
29 «%
10
23
common
35%
34
-Class A
29%
150
23
65
7%
Breweries
1H)
preferred
12%
Jan
16
27
Jan
343/, Mar
475
14
Jan
16
4
16
19
55
95
92
95
2,130
54
440
50 'A
4
25%
24%
25%
2,515
23%
50
48
48
48%
181
47
Feb
com
Jan
Southam
Southern
Canada
100
Jan
14
Jan
19% Mar
39
39%
620
34
Jan
41% Mar
65
10% Mar
12%
Jan
Jan
100
5%
New
class
A
pfd
52
75
52
Mar
52
275
22
Jan
23
Mar
Jan
1
148
Feb
152
22
675
20
Jan
22
preferred__100
99
99
99
10
99
Mar
100
27%
27
27%
110
27
Mar
30
98%
98%
983/4
135
983/4 Mar
20%
20%
35
22%
22%
23
225
21% Mar
23%
23
Feb
24%
Jan
9%
20
Jan
20%
Jan
93/4
1,765
21% Mar
Jan
23
83/4
Jan
23.10
Jan
Tuckett Tobacco 7%
91 %
5
90
Feb
20%
20%
4,205
20
Mar
21
21
21%
1,105
20% Mar
a
Jan
Jan
20 %
Tooke Brothers
Jan
a91 %
Jan
19
4
Thrift Stores Ltd
50
a23.10
a23.10 a23.10
12
12 y*
121/2
70
585
22.90
11
Feb
12% Mar
14'/2
141/8
14'/a
1,010
14
Jan
15
Jan
3 3'/2
331/4
34
4,471
28%
Jan
34
Mar
39
39
160
37%
Jan
39% Mar
35
22V2
Jan
24%
39
a22% a22%
~8
200
50
7%
8
-
Jan
Feb
9
Jan
Mar
9
Feb
27%
27%
325
27%
Jan
28
Jan
32
Feb
36 3/8
Jan
35%
33
35'%
352
10%
9%
10%
3,855
8'%
Jan
10%
9%
10%
700
8%
Jan
10% Mar
1,835
United
Viau
Steel
*
Wabasso
Walker
•
Weston
(Geo)
Mar
Feb
10
90
Feb
21%
Feb
21% Mar
7 %
15
3
15
Jan
Jan
'
a--
5
46
Mar
6'%
400
a31 % a31%
Feb
5
170%
5,672
143%
Jan
5314 Mar
Feb
175
73%
a__
Jan
—
14
Feb
15%
36%
Jan
46
Mar
24
Feb
25
Jan
17
Mar
15
*
Worts
45%
42 %
25
25
350
17%
17%
25
34%
34%
35
909
33%
Jan
100
100
10
993/4
Jan
101
Feb
63%
64
320
52
Jan
67
Feb
26'%
26%
175
25%
Jan
26%
Feb
20
_*
common
I
Ltd
_4
•
preferred
100
Limited
Zellers
14
5
100
*
&
Winnipeg Electric common
5%
5
172
7
7
4
Cotton
2
5
172
5
100
Corp
Gooderham
Wilsils
all % all %
4
preferred
Biscuit
10% Mar
4
Locomotive
9%
Jan
100%
Jan
1,305
20
4
_
4
common
Feb
■
20 %
_5
4,011
25
A
_•
_100
new
k
Mai-
22%
150
preferred
5%
class
Jan
52
Chemical common
of Canada
231/2
0
B
Jan
22 %
4
22 '%
.»
Canadian Foreign Investment
Mar
48%
150
Power
20
20
preferred
55
25%
21%
preferred
Co
Jan
Feb
22
preferred
Standard
Steel
Mar
*
Press Co
23% Mar
90
Jan
95
•
5%
Jan
21
100
293/4
1,512
Mar
84% Jan
4
Jan
19
54
16
Mar
50
Canada
Sons
23
25
■
Alcohol
&
21 '%
21%
25
B—
Canadian Ind
23.0
975
IOC
Jan
100
Jan
16
common
19
4%%
Jan
Mar
8
9.80
16
99
preferred
Sicks
Simon
Feb
34 3/4
common
prefererd
of
29
f
common
6%
4%%
Jan
20
Cottons
B
Williams
1*
cumulative preferred
20
Canadtan Car & Foundry common——4
Converters
Series
Sherwin
8.80
173/4
15
1
_£•
Ltd
5%
series
Mills
preferred
383/4
10%
,
*
common
Celanese
4%
A
16%
Jan
15%
preferred
Jan
100
18'2
50
Canners
2,060
10%
•
Breweries
Bronze
7% Mar
7% Mar
18 %
_♦
100
preferred
Canadian
75
2nd
i63/4
3 2
33%
Simpsons class A
_•
Power Corp
Safeway Ltd AV*% pfd
Canadian
Flour
Paper 1st preferred
Shawlnigan Water & Power
Series
12
Jan
1
19'% Mar
7%
60
12%
473/4 Mar
49
common—
preferred
26%
3.20
—
Foundries
Corp
preferred
Jan
90%
Steamship common
Canadian
7%
9.35
27;%
2.90
Northern
Canadian
8
9.60
Jan
4
preferred
Iron
Canadian
-r
•
25%
90'%
Cement common
Canadian
Paper common
Royalite Oil Ltd
2nd
Jan
16%
•
common
Holland
St
Feb
45%
♦
2,976
*
Jan
Mar
27
Power
26%
19'%
45
Jan
4
preferred
26'%
*
Jan
26 %
*
Jan
9.80
9.15 Mar
28 %
class A
Jan
38'%
220
common
&
26%
90%
Feb
22
175
27
Provincial Transport
22% Mar
14%
29
Dredging
Dry Dock Co Ltd class A
Class
26% Mar
Feb
3.15
Products
Class
Jan
39%
21%
»
Canadian
25
*
Gold
Burrard
26%
39%
A__*
cl
Ei
Building
26
40
22
71
Feb
26%
Corp of Canada
Bros
Jan
Feb
19%
172
Jan
25
Feb
9
27
Placer Development
26
4
Mills Ltd
$1.00
52%
130
26%
pfd_ —100
4%
B
>$1.75
750
26%
25
Columbia
'5%
58%
4
common
Columbia
Canada
Penmans
8'%
Jan
4
:
Page-Hersey Tubes
Jan
25'%
*
Co
British
Canada
Jan
15
45%
10%
•
9
Jan
River
Jan
75
*
Jan
Mar
8'%
11%
8%
"
Light Heat & Power
Ltd
25
%
•
common
Products
8'%
74
*
Power
Note
British
Canada
Steel
13%
8%
*
Light
Bank
British
'$1.30
Ottawa
240
4
Paper class A
Preferred
Canada
Ontario
High
8%
11
100
4,172
25
American
Canada
Feb
Jan
*
7%
8
100
American
Bulolo
23%
25
Low
8%
11%
4
Ltd
Mills
8%
26
Power
Brazilian
Class
Jan
Feb
Range Since January 1
High
Quebec
Bralorne
Bruck
Mines
Flour
22%
Low
4
7% -preferred
24
45%
•
Shares
5
common
Corp
14%
8%
-150
pfd_
common
Telephone
Class
Noranda
Ogilvle
Mar
26
Car
26%
'
Corp
Bathurst
British
High
Jan
Steel
56
pfd— -_25
4%
preferred
Asbestos
British
70
58%
Aluminum Co
Bell
4,545
24%
21'%
National
14%
14%
for Week
5
8%
Steel
4 % '/r
23'%
23
A
Agnew-Surpass Shoe
Algoma
25,986
'24%
preferred
Range Since January 1
Low
26
Drug & Chemical
Preferred
High
24%
25%
Paper common
Acadia-Atlantic
National
Sales
Last
Sale Price
Abitlbi
Sales
Range
of Prices
Par
Canadian Funds
STOCKS
Week's
Last
Sale Price
STOCKS
Exchange
•
common
preferred—-
64
25
Feb
Jan
13
373/4
Jan
Banks—
•
25
24
25
22% Mar
29
Jan
Canadlenne
10
20
20'%
Jan
20% Mar
*
16%
16%
16%
125
15%
Feb
17%
Jan
Commerce
10
25 %
25%
25%
Jan
26
17'%
24%
25
16%
17'%
7,502
16%
Jan
18
Feb
Montreal
10
27%
27%
27%
1,770
27
Jan
28
Jan
1
20
12%
12
12%
3.799
9% Mar
14
Jan
Nova
10
40%
40
40%
365
39
Jan
41'%
Feb
*
;
16
15%
16'%
432
163/4
Jan
27%
27%
27%
2,050
27 '%
Jan
28
Jan
Consolidated Mining & Smelting
Consumers Glass
10
5
95
>93
95'%
5,374
—10
39%
39
39%
200
Mar
40
Jan
•
25
24%
25
75
Davis
*
21
21
21
4
Canadian
Oil
Canadian
Pacific
Companies
Railway
Cardy Corp class A
Cockshutt Plow
Leather
Distillers
Co
class A_,
Seagrams
Dominion
Coal
6%
preferred—
Dominion Dairies common
5 c/o
Glass
1,145
21 %
90
a6
%
6'%
1
a20
a
15
•Jw
a20
29%
29'%
29 %
351
45
45
45
85
35%
36%
200
21
20%
21'%
2,586
;
34
34
50
27
27'%
390
4
20
_
Dominion
Steel
Dominion
Stores
Dominion
Tar & Chemical
&
Coal
class
B
—
25
Ltd
*
common
•
-
(
"
'
-
92
22'%
21
20 '%
Jan
Mar
103
Jan
Jan
25
voting
Dominion
trust
Textile
ctfs
*
4
common
preferred
27
^
11%
11'%
Paper
Feb
Jan
44%
Jan
21 % Mar
7%
Feb
a__
7%
Canadian Funds
Feb
29% Mar
44% Mar
43
Jan
35
36%
Feb
27
Jan
19%
Jan
22 Va
Jan
35%
Jan
29
Feb
Eddy
Paper
Electrolux
Co
class
A
preferred
Glove
Acme
(T
H)
4.16%
175
Jan
96
Mar
15
Jan
23%
Feb
18
225
325
2.00
Jan
16»%
1,580
15%
Jan
16%
Feb
14%
370
13%
Jan
15
%
Jan
Co
Fraser
Gatlneau
5%
of
Power
Canada
•
15
14%
15
1.800
32
31
32
380
26
25%
26
1,750
32 7
4
common
preferred
General
105
•
common
Co
19%
•
Players Canadian Corp
Foundation
19%
Howard
Bridge
Smith
Hudson
Bay
Paper
common
&
Smelting
Jan
Mar
29
Jan
32
24%
Jan
26%
Jan
19
Jan
Jan
108
Feb
Paper
Co
Ltd
Columbia
Class
Brown
class
B
Oil
Ltd
18%
al08
5
2.85
325
2%
Jan
19'%
195
17%
Jan
19 % Mar
17%
106
3
Feb
52%
52'%
35
52%
Jan
523/4
Feb
18
18%
1,640
17%
Feb
193/8
Jan
13
12
13
745
12
Jan
13%
Jan
4
38
37
38
410
34%
Jan
38
Jan
•
43%
43
44
3,544
41% Mar
48
Feb
4
21%
21'%
21%
Imperial Tobacco of Canada common_5
4%
preferred
25
14%
13%
13%
26
26
Indust
•
34%
22'%
35
—100
101
Acceptance
5%
Corp
common
preferred
$1.25
preferred
$1.60
preferred.—
6%
preferred
Preferred
common
Petroleum
Power
International
Ltd
Co
143/4
Jan
100
25%
Jan
26%
Jan
35
Mar
101
Feb
6,090
29%
101
40
99%
Jan
34%
245
29%
Jan
35
1,900
26
26
40
4
5
5
400
•
16
7'%
4
5
95
31
3.724
20
40%
29
9%
41'%
5,120
8%
21%
1,172
49
10O
20
49
9%
48'%
21%
11%
4
Utilities Corp
16%
30%
145'% 145'%
30%
100
International
13% Mar
930,
32%
25
International Nickel of Canada
International
Jan
101
35
32
Paper
23 %
100
common—
Bronze common
International
21% Mai-
32%
25
Intercolonial Coal
International
-
7,968
class
Packers
A_ja.
cl
Ltd
Lf.batt
Lake
Public
(John)
of
7%
the
Service
Ltd
Laura
Secord
*
common
11%
(John
Candy
(C W)
MacMillan
Class
5%
Shops
8'%
Jan
7
7
35
6%
Jan
7%
Jan
165
165
165
5
2.00
1.90
2.00
500
40c
4,700
all
10
35c
Canada
6%
6%
60
6
Jan
3.80
6,405
3'%
Jan
4%
Feb
98%
100
256
92%
Jan
104%
Feb
2.25
2.20
2.25
700
1.50
Jan
2.50
Feb
13
>13
13%
1,525
10
Jan
14'% Mar
•
22%
22
21%
Feb
22'%
51
22%
51
705
51
50
49
Jan
51%
4
47
43'%
47
170
40
Jan
47
4.65
4.65
125
18%
.
Fairbanks-Morse Co
Canadian
Food
Products
Ltd
Ltd
4
Canadian Gen Investments Ltd
Industries
Canadian
Ltd
•
61/2%
preferred
class
A
Inter
Inv
Trust
32%
25
4%
16
34% Mar
Feb
35
Mar
26
Jan
Feb
6
Mar
Mar
Canadian
Silk
Canadian
Vickers
class
4
A__
17 Va
Jan
323/4
Jan
146%
Jan
Ltd
74'%
•
a,
Molson
Celtic
—
—
4
i
—
Knitting Co Ltd—
Chatco Steel Products Ltd common
Chateau-Gai
Claude
Class
4
Wines Ltd
—4
class
Advt
Alconols
Bakeries
of
Ltd
50c
4
common
Div
Ltd-.
Stand
4
class
Canada
A__4
Sec
*
Class
Montreal
94
94
75
94
Jan
Engineering Works
Jan
Jan
Dominion
Jan
East
24%
24%
3,706
213/4
Jan
25%
Jan
Esmond
14%
2,325
13%
Feb
16%
Jan
Fairchild
25%
355
21
Jan
25% Mar
Ltd
class
B
25%
26%
310
253/,
26
20%
20%
Tramways
Breweries
_•
4
Locomotive
National
A
„•
25
25
26%
X
—
20%
94
preferred
For footnotes see page 40.
—
*i97/a
—
—
Jan
1,800
Jan
159
17
al.50 al.50
50c
55c
1,100
7
2%
30c
2'%
Jan
Mar
8'% Mar
3
Jan
80c
Jan
Jan
2%
Jan
9
Jan
2.55
2.60
300
a8%
5
45c
50c
15
242
19
12%
20%
23,279
13
350
18'%
18%
60
18'%
Jan
18%
15%
25
12'%
Jan
17'%
50
Jan
57
41%
56
Jan
Jan
8'% Mar
45c
Mar
65c
Feb
15
Jan
15%
Feb
17%
Jan
20'% Mar
11
Jan
13%
57
54
57
40
39%
40
1,120
39
Jan
—
61%
64
170
61
Mar
10%
10 %
4
Feb
9
14%
a8%
15'
Mar
115
Jan
Co Ltd-4
Ltd
&
64
Feb
Feb
Feb
Mar
Feb
Mar
pfd
37%
63
Mar
Jan
25
40'%
540
40% Mar
43
Feb
Motor
Co
of
Power Sec
Redeemable
Freiman
Mar
15%
Jan
1.80
1.80
875
1.40
Jan
1.80
Feb
36
122
75
35'%
Jan
36'%
Jan
—
Ltd
Canada
Corp
clnss
Ltd
preferred
(A
J)
4'%%
—
1.20
1.20
1.30
3,500
1.20
Feb
1.75
4
28%
27%
28%
3,010
24 V4
Jan
29'/4
A
com—
—
4
100
5c
__
90
10
120% Mar
Jan
16% Mar
100
4
100
pfd
25
38
25%
122
Farmer
Foreign
65
—
Ford
37
65
16%
Jan
1
Jan
Jan
65
16%
50
—
22
33 % Mar
Jan
1.80
Feb
876
Jan
6
5
20%
6.725
18
Jan
100
740
36
Jan
5'%
preferred__20
Feb
61
16'%
1,175
(The)
29
57
822
5%
Ltd—-
25% Mar
33 '%
10%
18
5%
—
Ltd
210
30
Jan
17%
5%.
Aircraft
Mills
Feb
Fanny
9%
18
4
4
;
Ltd
Kootenay Power 7%
50
4
Worsteds
Products
29
33%
41'%
13%
8%
8%
10%
435
25% Mar
4
40%
45c
•
Candy Shops'Inc
Federal Grain Co 6'%%
red pfd
Fleet Manufacturing Ltd
_100
common
13
8%
50
4
Paper Co Ltd
Steel
Eastern
14'%
—
Woollens
Donnacona
24%
—
115
9
Mar
8% Mar
17
—
B—_—__4
Oilcloth & Linoleum
14'%
4
Montreal
7%
Jan
3.85 Mar
15'%
2.55
20
com
—
class
David
Dominion Square Corp——a
10
17
Mills
Limitee
Frere
•
Jan
Dominion
Jan
400
Textile
preferred
&
—
—
A
B
Jan
Jan
52
17
5%
13%
4
——_4
Gen
Neon
Jan
9%
10
8%
Jan
Jan
1
100
common
Jan
7%
10
17
17
3%
Jan
100% Mar
113
Limited
preferred
17
110
8,225
Jan
110
7%
11%
Mar
25
13%
115
9
Cassidy's
Dominion
19%
93
13% Mar
4
Oil
(Robert)
Breweries
Feb
88
93
24
61
•
Massey-Harris
McColl-Frontenac
—100
700
110
Mar
8%
*
common
3
16
10%
Jan
23'% Mar
Jan
Consolidated
5
Feb
55
Jan
Jan
425
2.00
12
Consolidated Paper Corp Ltd
11
Jan
Feb
Feb
76
74% Mar
57
Jan
16
8
4V4
1.50
4
Feb
66
11%
110
Jan
Jan
350
Jan
110
5%
2%
a61
Ltd
Co
11%
17% Mar
„
69
100
2.450
3.85
Commercial
20
1.60
160
7%
3.75
Jan
28%
a
70
3.45
3.75
a 1.50 a 1.60
23%
23'%
a59%
13
10%
155
Jan
176
a61
Jan
Feb
Feb
Jan
178
200
3.75
Feb
Jan
18%
24
Feb
1,394
4
41%
Mar
Jan
Feb
135
23
176
74%
2
37%
19
3.75
_——
Westinghouse
Jan
24%
17%
21%
18%
Canadian
Feb
152
Jan
Jan
Canadian Western Lumber Co
143%
8%
Products
5.50
22
Jan
Mar
30% Mar
1
Canadian Pwr & Paper Inv Ltd com—4
4.60 Mar
Jan
Mar
7
23
com__4
Ltd
200
10%
,
110
*
Corp Ltd
preferred
Mitchell
100
16
16
3
6'% Mar
176
18'%
•
.-100
4
preferred
Canadian Ingersol Rand Co Ltd
Canadian
—
4
common
1%
Consolidated
305
Feb
3.60
Malting Co Ltd
Canadian
Feb
18
Jan
11%
4
Canada & Dominion Sugar
Jan
17%
18
45c
Jan
1
49%
5
Jan
11
3.80
Butterfly Hosiery Co Ltd
22%
240
Jan
25c
4
Feb
290
2.00
Mar
98 %
Ltd
19%
155
Jan
165
6%
1,855
19%
1.85
Mar
1
Consol
25%
165
Jan
100
B
Jan
25
35C
all
4
Company common
46
155
4
:
,
Export
A)
B
Mailman
19%
—
25%
100
Bros Ltd
Lindsay
_4
*
Woods
preferred
Lang & Sons Ltd
Lewis
common
Mar
Jan
•
A
Preferred
Jamaica
16
7%
Canadian Marconi Company
Imperial
Feb
7
1,155
•
Preferred
Burnett
13
14'%
8%
—
Millen
&
British
Jan
750
Jan
18%
•
Mining
16
2.85
■
4
pfd 1927—50
Lime & Alabastlne
4
Hamilton
Jan
18%
-
Goodyear Tire & Rub 4%
Gypsum
14% Mar
20%
19'%
...
*
General Steel Wares common
Jan
al08
„
100
Bakeries Ltd
19%
5 % Mar
&
5,105
8
Eelding-Corticelli Limited common__100
Bickle-Seagraves Ltd
•
Jan
93%
173
Ltd
Co
Ltd
Pr
High
13
15%
8%
Bathurst
Mar
Develop
Steels
Low
9%
15'%
Atlas
19%
preferred—25
12
5
Anglo-Nfld
5'%
16
Range Since January 1
High
4
Feb
5
14'%
Low
15
Jan
18
16%
Shares
*
12
10
14%
Ltd
28
50
1
Works
Jan
96
20
for Week
Par
Feb
175
4
Corp
Estabrooks
Famous
Power
Range
of Prices
Jan
26%
Last
Jan
33
Sales
Week's
Friday
Sale Price
STOCKS
11
95
—
Montreal Curb Market
Feb
a__
26
175
39*
Jan
205
95
Jan
23% Mar
40%
20
Brand
East Kootenay
—
—
3,421
175
*
Toronto
27
100
pfd
,
23 '%Jan
11%
100
Donnacona Paper 4'% %
Royal
838
-
-Feb
Mar
'
Common
Dryden
14,875
44
21 %
_•
common
preferred
7%
23%
42%
35
Dominion Foundries & Steel
1%
21%
44
21%
4
preferred
Dominion
a25
23%
.•
25
Bridge
Dominion
15V2
Scotia
400
■
123
Feb
Jan
Feb
5c
5c
10
5c
Jan
5c
Jan
a5
a5
15
5
Jan
5
Jan
90
90
50
85
Feb
90
Mar
Volume 171
Number 4891
THE
COMMERCIAL
&
CANAD9AN
RANGE
Friday
STOCKS
Week's
Range
Class
Shares
Hayes
—^
Hotel
com
Co
W)
class
A
class
(Walter
Power
&
Maritime Teleg &
Massey-Harris
Maxwell
common
pfd
Zif 4%
Ltd
Corporation T to
Mount Royal Rice Mills
Nuclear Enterprises Ltd
Orange Crush Ltd
Power Corp of Can 6%
A
Paving
&
B_
Securities
Products
Western
Canada
Western
Grain
Band-Ore
4.75
Gold
Car tier-Male,
Chesterville
Jan
109%
Jan
9%
Jan
13
Feb
19%
610
18
Jan
all5
5
113
Jan
50c
19,784
16
16%
25c
41c
565
8,700
17%
19
Feb
16
Mar
7%
9%
Feb
20
19%
16
Jan
16%
35c
Jan
19
Jan
27
172
12%
52%
185
50
Jan
15
15%
160
15
Mar
a90c
50
95c
Feb
30
1.00
50
11%
Jan
14
Jan
19
30
Jan
30
5c
5c
4
-V
'
~
Mines
Central
Co
.
____IZZZZ_Z_
Cadillac
Mines
Mines
Goldbeam
Mines
Hollinger
Cons
Lake
Mines
Lake
Wasa
_
-ZZZZ
3%c
Feb
7c
4%c
Feb
3,100
4%c
Jan
10%
6c
Mar
1,360
10
Quebec
Yellowknife
Gold
Sladen-Malartic
—
Gold
Z
Mines
Mines
Silver Mines
Mines
W'iltsey-Coghlan
2%c Mar
29c
Feb
800
61c
Mar
82c
20
2,050
4.10
7%c
13%
13%
Mines
4c
2,000
292,650
17c 28 %c
3.05
400
12%
Mar
Jan
12 %c Feb
5,900
62%
Feb
51c
3%c
100
56c
61%
Jan
12%
1,500
4c
2.50 Mar
45c
Jan
61% Mar
Jan
9c
Feb
14
54c
4c
66"%
300
12
Jan
80c
13%
2,000
65c
Jan
42c
85c
3,675
32c
2.52
400
2.50 Mar
7 %c
7%c
2,500
7%c Mar
1.85
1.85
500
1.80 Mar
500
3.05
Jan
16c
500
3%c
1,000
2%c
Jan
500
1.02
Feb
1.04
1.04
20%
21
8 %c
8%c
1,500
2.14
2.21
16c
2,300
86c
32c
34c
.
425
19
2,000
Mar
Jan
7c
45c
of
1,050
British
American Oil
A
Jan
7.10
100
31c
31c
2,100
16
16
50
21c
30c
7,800
Forest
Columbia
Packers
Columbia
Power
13,003
4c
Jan
6c
Mar
8,000
12c
Jan
15c
Feb
59c
55c
59c
4,600
39c
Jan
62c
Feb
3c
10,000
2 %c
Feb
3c
Jan
12c 16 %c
32.9J0
12c
9.30
570
35c
40c
2,700
18%
375
10
26.60
26.60
322
26%
Jan
19%
Jan
Co
15%
26%
26
23%
Feb
Flin
Calnorth
3.45
3.65
53c
900
,
3c
—
9c
Mar
2.99 Feb
7c
Mar
1.36
Jan
Jan
Canada Foils
71c
Jan
3.65 Mar
3c
■
1,000
2c
Feb
3c
9c
Mar
1,000
9c
Mar
9c
Mar
Oil StOCKS
class
class
26
Jan
20
90
Feb
91%
100%
100 100%
65
99%
Feb
•
3.15
A
*
•
Calgary
Co
Ltd
& Edmonton Corp Ltd
Consolidated Homestead Oil
Dalhousie Oil Company Ltd
Gaspe Oil Ventures Ltd
General
Petroleums
Class
Home
Okalta
Ltd
Co
Oils
6.96
*
4%c
28%
1,500
6.95
200
6c
Ltd
Ltd
_•
1.61
1.05
12%
90c
1.80
ZZ_*
ZZl
Ltd—ZZ *
4.70
-
Exploration Ltd
Ltd
Brazeau Petroleums
Oils
3.85
Packers
Jan
3
Jan
21,500
21c
Jan
27c
Jan
59c
61c
7,700
50c
Jan
62c
Feb
19%
19%
19%
495
13c
12c
13c
28,000
_
6c
Ltd
For footnotes see
page 40.
*
Commerce
Feb
Mar
Canadian
41 %c
Jan
Canadian
Canners
Jan
1.88
Feb
1,500
1st
1.05 Mar
1.30
Jan
Convertible
13%
Jan
1.80
800
1.65 Mar
2.21
4%c
Jan
91,500
3%c Mar
7%c
Jan
4.70
11.700
4.20 Mar
9 %c
9%c
1,000
9%c Mar
41c
41c
2,500
41c
Feb
4.85
Jan
13c
Jan
49%c
Jan
common
preferred
Class
2.25
Jan
17c
Mar
5c
Jan
6c
Jan
33%
395
16
•
934
29
110
"■
1.92
30%
Jan
Lt'/4
Jail
16
Feb
Feb
30 %
Jan
Feb
19 %
Jan
26
17%
17%
18%
225
7%
7%
7%
250
13c
13c
2,500
6.80
7.40
4,165
5c
6c
6,450
5c
53c
7.35
Jan
34
Feb
7%
Feb
8
7c
Jan
14c
Feb
6.80 Mar
Jan
8.35
Jan
6%c
Feb
Mar
58c
Jan
Mar
6C
49c
9,600
45c
10c
1,000
10c
2.70
2.65
2.75
1,200
2.35
2.35
25
34%
35
498
34
Jan
38%
Jan
29%
29%
195
29
Jan
30
Jan
5
Feb
10c
—
~
—
*
6
6
6
»
12%
11%
12%
290
;
5%
5%
200
50%
51%
120
51%
355
Jan
12c
Feb
Feb
3.25
Jan
2.35 Mar
2%
Jan
2.62
11%
Jan
5% Mar
47
Jan
6
12 %
Jan
Feb
7
Jan
52
Jan
11
11
25
34%
35%
380
34
Jan
37
Jan
21%
21%
350
19
Jan
24%
Jan
212
_
21%
100
212
6
196
Jan
14
Jan
11
Mar
12%
215
Jan
Feb
•
18%
19
760
50
39%
39
40
165
33%
Jan
41% Mar
*
82
81%
82%
70
80
Jan
83
32
32
50
30%
Jan
33
Feb
9
9
30
9
Mar
11,%
Jan
25
Jan
26 Va
10
18
19% Mar
Mar
26
25%
26%
425
21%
21%
22
4,997
21% Mar
23 %
Jan
*
20
19%
20
858
19%
Jan
20%
Jan
23.10
23.10
23.10
880
22%
Jan
23.15
20
20 Vb
700
19%
Jan
20%
12%
12%
65
11
Jan
13
common
•
A
20
—
Feb
Feb
Jan
Mar
:
common
14%
14%
385
14
Jan
15
Jan
33%
34
1,838
29
Jan
34
Mar
39
39
39
200
37
Feb
39%
Feb
25
preferred
14%
33%
25
common
Canadian Food Products
A
Jan
8c
28
•
Preferred
Class
600
7,000
53c
preferred
Canadian Celanese
New
Feb
Jan
*
Breweries
Mar
1.22
1.75
19%
19 %c
20
4c
34c
4.40
Jan
Feb
107,600
15%
•
of
600
3%c
17%
12c
17c
"
Bank
Canadian Car
Feb
2.05
32%
*
5,400
Jan
29
5 %c
16
•
B
13,500
1.18
2%
13c
33%
•
A
Preferred
Canada Wire & Cable class A
34c
Feb
2.01
1,223
5 %c
•
Canada Permanent Mortgage
Canada SS Lines common
1.67
Feb
Jan
840
23c
♦
1.57
1.01
27%
305
60c
*
___•
Canadian Bakeries
10%
Feb
6% Mar
28%
•
Canadian
1,700
Jan
11%
Jan
295
•
Power
Jan
5,403
3%
Mar
6
28%
1
class
Jan
12 Vs
Jan
11
21 %c
•
8.25
11%
2%
150
950
295
*
^
6.95 Mar
1.07
10,975
*
Machinery
4.70
1.07
6%
Feb
22 %c
20
Feb
1.05
11
6
Jan
Jan
•
34c
*
Zl
common...Z*
4.20
1.05
Petroleums
Superior
-
3.90
3.15
11
102
Jan
1
common
^
a
Oil
Pacific
4.20
—ZZ*
Co Ltd
A
Omnitrans
South
•
2.85
6%
--
Anglo-Canadian Oil
Mar
Mar
505
A
Class B
Class
7
4c
*
Class A
Canada
Jan
26%
-
Canada
14%c
Va
90%
Cement common
Preferred
Canada Malting
Canada Northern
Mar
15% Mar
90%
Products
common
Jan
7c
15% Mar
26%
*
Jan
1.18 Mar
Jan
90%
Oils
Bread
Mar
800
22% Mar
125
26 %
Campbell Red Lake
Canada
8c
3,000
Feb
1
2.69
15,825
27
pfd_100
Flon
2.85
54c
Jan
18% Mar
27%
27%
1
2.32
1.19
100
25%
Edmonton
&
2.40 Mar
7%c
15%
3,900
Calder Bousquet
Calgary
500
7c
Jan
26%
•
1,400
53c
Jan
40c
Mar
Burrard class A
1,200
1.19
Jan
10
Mar
*
8c
54c
125
7
*
2.60
1.19
Jan
3c
A
Jan
Mar
15%
•
Jan
7c
25c
Jan
130
_i
class
2.80
2,000
9 20 Mar
25c
2,000
B
2.55
7c.
Mar
9.20
Mar
7c
Jan
6c
7
•
Lake
2.35
Feb
Jan
31c
1
14c
Jan
Jan
Maf
13c
4%e
Oil
14c
6c
Mar
7
Ankerite
Buffalo Red
Jan
Jan
8.50
44c
.17
•
Dominion
Feb
62c
21c
4%c
*
1.17
Feb
Mar
5c
6
Class B
Canada
Feb
Mar
16
18.502
Jan
Jan
6.50
31c
12 %c
125
Burlington Steel
Mar
1
22%
Class B
Jan
82c
Jan
Jan
100
Columbia
Jan
36c
Jan
7%
14
125
common
British
Mar
Jan
31c
26% Mar
25
10c
52c
Mar
Feb
41
15c
69c
20c
Jan
65c
Feb
21%
*
preferred
Callinan
Jan
_«•
Preferred
&
54c
Mar
1.55 Mar
Feb
2.04
6.200
Jan
share
British Columbia & Electric 4%
2.00
32c Mar
5,000
40
1.16
Jan
Jan
12V4
•
21,879
41
Jan
38%
24c
10 %c Mar
39%
1
80c
Jan
38%
1
2.80
86c
28%
105
22
Building Products
Feb
Feb
share
„
Jan
57c
Jan
758
125
Lake
Buffalo
Jan
Feb
6c
28,000
•
com
—,
Red
4%%
Jan
7% Mar
exchangeable
A
2.60
Z
—_Z
Light & Pwr
New class B_„
Class
3.45
18c
830
6'%
Mar
27%
4,200
18
Calmont Oils
Jan
Jan
9c
100
8c Mar
1.92
Feb
7%
35c
Buffalo Canadian
Feb
3.10
Jan
19c
'
27%
6%
common
B
Jan
5c
17,500
13c
8%c Mar
an
Jan
1,055
.
■
A
class
one
Feb
4.00
110
16c
class
Brewis
Burns
a
2%c
s-
class
Jan
20%c
1,683
7%
Jan
C
12c
4,762
Buffadison Gold
Mar
3.40
7%
10c
•i 72
12%
Broulan Porcupine
Bruck Mills class A
62c
ZZ
3.25
16
—
class
British
2,200
40%
Mar
Jan
5,700
4,200
12%
British
3.05 Mar
83c
12'%
Jan
Jan
6%C
39%
Mar
28%c Mar
40c
3.05
Mar
5.25
80c
!
Ltd
4.00 Mar
1,050
51c
4c
20
14c
6c
5c
British
8,500
Z
Z
Ltd
17% Mar
800
7 %c
7c
Ltd
13c
14c 15 %c
■
9.25
8c
—150
Jan
26%
Jan
61c
17%
78c
2.60
Ltd
Mines
Jan
Jan
58c
ZZ!
Asbestos Corp Ltd
Canada Mines Ltd
Gold
2c
2lc
78c
Ltd
Consol Gold
Feb
59c
"ZZ
Rock Iron Mines
Cons
34c
I
Ltd
15 %c
2,000
70c
_
Ltd
Jan
23.000
8c
2.21
—_.Z
Ltd ZZZZ
(1944)
Feb
11
2 %c
8%c
Ltd
50
Mines
Mines
10c
16c
Sherritt-Gordon Mines Ltd
Stadacona
2 %c
9,421
Feb
5.35 Mar
23 %c 25 %c
3.05
—
Ltd
Feb
3 %c
Ltd..—
Ltd-,-
4.45
2.52
—
Mines
Santiago Mines Ltd
Mines
1.300
■
—
Mining Corp Ltd
Gold
%
3.05
—
8%
13c
shares
c
1.85
Quebec
Siscoe
Common
10%
ZZ
Ltd
Mines
.2.43 Mar
New
Dredging Ltd—ZZ
Labrador Development Co
Co
Jan
Jan
-
Jan
Feb
Cordage Co Ltd—
1,000
40c
Ltd
Mines
•2.22
Brantford
5c
Gold
Miller
4,500
51c
.
—
O'Brien Gold Mines Ltd
Silver
Jan,
54c
Ltd
Mines
9c
%
28 %c
7%
Gold
Traction
one *
—
Gold
2.37
4.00
Zl
Z
Ltd
1,365
25
Preferred
and
4c
A
Mar
Jan
Jan
into
13%
Dredging Ltd
Gold
Jan
23c
6c
Jan
*" ~
Jan
8%
8c
Preferred
10c
Zl
Ltd
Feb
1.70
7.10
Cordage
42c
Macaonald Mines Ltd
Queenston
Brantford
Feb
Ltd—
Mining
Mines
20%
16c
5,000
61c
Mclntyre-Porcupine Mines Ltd""1"""*-!
Mining Corp of Canada Ltd
Cons
17% Mar
-31,700
5c
Ltd
9%c
Jan
8%
class A
Millen
&
Feb
—
Norseman
220
23c
6 %c
13c 15 %c
Mining & Exolor Co
Fortune Gold Mines Ltd
15%
Feb
1.28
—
V-.
6c
20
Jan
7%c
15,550
27c
•
28c
%c
13%
4,300
1.55
Boycon Pershing
Boymar
9,200
ZZ
200
8c
1.40
Mines
Brazilian
17%
15%
7%c
A
Bralorne Mines
21c
4
14%
40
Klrkland
12,500
—
Feb
Jan
—
Gold
Brand
6%c
Feb
15c
62c
■
class
Sons
Feb
Jan
31c
Jan
Mar
12%
Jan
25c
Jan
9c
51 c
Telephone
Bevcourt
»•
22c
3,700
20,250
Jan
10c
2 %c
Corp
Jan
51,900
Jan
54c
Feb
36c
Ltd
Shore
Mining
18c
Jan
Jan
6%
5.15
'
Lake
Normetal
17%
1,600
8
7%
24%
8%c
Jan
1,335
£0
5%c
8c
8
485
7c
23
Mines
Mar
7%c Mar
Jan
11,950
31c
Ltd
Labrador
Cons
Feb
5c
500
22c
23c
5.10
ZZ
Lake
Goldvue
4c
6,000
Mar
13c
Belleterre Quebec
*
2.35
Ltd
Goldfields
Mines Ltd
6,000
5c
15<"
26%
34c
Mines
Mines
4%c
6.000
26
Power
5-15
Joliet-Quebec Mines Ltd
Kerr-Addison Gold Mines Ltd
Gold
7%c
Feb
16c
51c
B
Bobjo
5c
28c
25 %c 28 %c
__
Bonetal Gold
Jan
4%c
Jan
12c
A
Bros
Jan
1.15
Jan
12c
3,700
Jan
1.75
200
3Vac
59c
3%c
Feb
1.35
2,500
15,000
56c
11c
Jan
4c
20c
21 %c
Jan
Mar
20c
—
class
Mining
Feb
9c
Feb
3%c
56c
Bldgood
Jan
53c
Ltd
ic
4 %c
32c
23c
Co
2%c
Feb
Feb
1.49
9%c
Mines
Louvicourt
Bell
Mar
Feb
18c
4.75
7%
8
Scotia
Metals
Eieatty
Jan
3c
4,200
40%
15c
5%c
10% Mar
Jan
19c
•
—
—*
4,000
Feb
39%
Bertram &
7,000
Mar
Feb
9.60
22 %c 23 %c
Berens River
8c
71c
3.80
850
1.39
Jan
3 %c
44c
8,650
11
40%
Jan
1.35
42,700
4.20
39%
7c
1,000
70c
3.90
1.46
4%c
11,000
Jan
39%
Feb
3c
Jan
10c
Jan
Toronto-
Feb
15c
65c
Feb
Mines Ltd
Jan
7 %c
—
Ltd
Mines
of
6c
Mal¬
Feb
Mar
7c
27%
4c
15c
20c
54c
27%
Barymin
Mar
'
:
Ltd—
Mines
Nova
4c
1,500
16c
500
11,500
60 %c
23c
Montreal
Bank
1.53 Mar
14c
1,600
%c
8
19c 21 %c
of
Barnat
Jan
Mar
52c
67c
Jan
3c
Feb
17c
8C
19c
class
of
300
20c
17%
16 %c
Mines
18.000
20c
Ltd-
Hudson-Rand Gold
6lc
Mar
4c
Limited-
Gold
Mar
3c
1.20
■
Gold
51c
7%c
ZZZZ
__ZZ
27
3.30
13,000
5c
Ltd
Jan
)
Electric
a4c
3c
Mines
__
26
(1937)
Bank
Mar
3 %c
Ltd
Mines
71c
7%c
~ "~~~~
210
15 %c
7%c
7,/sC
■
—
—
26%
8%
15c
7%c
~
Ltd
Ltd
Ltd._
V2C
26%
1.50
7c
—
58% Mar
28 %c
a4c
Ltd
Feb
—
Jan
200
800
52%
Mines
Class
43c
11,500
1,315
15c
Bank
Jan
3c
58%
Yellowknife
Feb
54c
56%
Bankfield Consolidated
11% Mar
31
a30
1.45
Jan
14%
common
Hardware
Jan
11%
15%
a30
3c
Jan
25c
Jan
0
13c
Bagamac
Jan
11%
51c
80c
Jan
Steels
Auto
Mar
17%
15%
1.42
Jan
13%
4.15
Aunor Gold
Jan
Jan
V
__
Jan
28%
Jan
Feb
55c
11
Mines
Aubelle
52% Mar
26
a90c
3c
2,800
52c
Aumaque
Mar
Jan
149,000
80c
78c
8c.
Oil
Atlas
Feb
Mar
70c
Mar
70c
Larder
Atlas
Feb
Jan
29
61c
35c
26%
preferred_25
Gold
Athona
Mar
26
69c
I.U.,
58%
Atlantic Oil
Mar
25
5
OMO
Feb
1,120
Metals Corp
Ashdown
Mar
50c
13%
14%
102%
1,500
Porcupine
Corp
Ascot
Feb
116
50
51
105
Mines
Arjon
Mar
20c
1,580
Jan
65
Mar
14%
Armistice
Jan
29
15
%
Aquarius
Area
1101/2 Mar
28
24%'
•
Formaque Gold Mines Ltd
Villbona
5%
10
30
45
25
14%
Feb
29
Sullivan Mines Ltd
Eldona Gold Mines Ltd
Upper
631
11%
27%
East
United
Jan
16
Jan
Mar
Argus
10%
20c
Ltd
Mines
Malartic
Trebor
11
48c
181:
~~
Gold
Mines
Gold
Torbrit
77%
Jan
19%
16%
Ltd
Mines
Gold
Mining
Inlet
Feb
9
16
Feb
Nepheline
Canadian
Bathurst
Dome Mines Ltd
Dulama Gold Mines Ltd
Sullivan
75
all5
52c
Explorations Ltd
Cournor
Surf
89
5,190
24
8' 5
24%c 24%c
Anglo Rouyn Mines
Apex Consol Resources-
Jan
225
20
Amalgamated
19% Mar
11
18
23%
Anglo-Huronian
1.05
77
7%
20
Ltd
r tic
Consolidated
Steep
Anglo
Jan
Jan
35
alll
52%
/,
Mines
Astoria
Standard
Feb
Feb
Jan
7%
-
Rochette
5
5
85c
35
alO all%
■
Quemont
tMar
Jan
Jan
alll
Centremaque Gold Mines Ltd—
Century Mining Corp Ltd
Pato
100
97
250
7 %
Jan
75c
American Yellowknife
Anacon Lead
Base
Canadian
Canaego Mines
New
Jan
11
—
Nechi
American
7
17%
11%
22 Va
.
Jan
Feb
Jan
77
11%
2,495
04
17c
Canada
18%
10
a35
26
23'%
14%
•
of
28%
Mar
6% Mar
2,835
ZZZ*
Mines
Gold
Gold
Buffalo
Macassa
10
Co
Jan
23
.
1
Ltd
Aluminum
Mar
21%
30C
•
18 Va Mar
2,500
a35
41
5,380
103 103%
1
High
26
1
Cons
27
125
1.00
Com
Bouscadillac
Lingside
15
19%
0
u
Barnat Mines Ltd
Bob's Lake Gold Mines
Ltd-
Jaculet
625
100
Jan
8% Mar
47
390
6%
35%
Stocks—
Metals
Jack
18 %
1.00
LtdZZZZZZZ0
Co
Anacon Lead Mines
Sol
100
4.50
I5
Z ~ "
Ltd-
Manufacturing
El
8%
18%
«
ZZZ~
Breweries
Co
365
27%
_*
Ltd
Pacific
Low
23%
100
Algoma Steel
4.75
Zoo
(J Ci
Ltd—
Windsor Hotel Ltd
Woods
Duvay
Alberta
Jan
19%
Zl*
Z
_
East
Jan
16%
50c
A—Z
—Z~
Wilson
Cortez
32
Jan
_100
Ltd
Westeel
Cons
Jan
Feb
15
Range Since January 1
High
24
Mines
31%
27
19%
23%
•
-
Uranium
120
«■
Ltd_
Acadia
Low
26
A
110
41
Shares
20
Preferred
Jan
9%
for Week
•
common
preferred
31%
100
Ltd-.-..41
Paper
Acadia-Atlantic class
9% Mar
51
&
15%
6%
Ltd_
(Can)
Jan
Jan
18%
*
Materials
$1.50
Feb
27%
Power
15
com""*
Ltd—Z
Union Gas of Canada Ltd_
United Corporations class
Bouzan
8%
27%
ZZ~*
pfdZZlOO
Co
Products
Transvision-Television
Ascot
415
8%
8%
ZZZZZ
•
1st pfdllOO
cum
Investment
Clay
Mining
Jan
1
«
6%
Southmount
Class
50%
LtdZIZIIIIZI*
Corp class
(Can) Ltd common)
Russell Industries Ltd
Southern Canada Power
United
30
3%
Jan
51
•
Telephone
Standard
5%
Abitibi
Aluminium
"
Reitmans
Mar
2,326
40
5
_
Jan
Range
of Prices
Par
Feb
Mar
Akaitcho Yellow Knife
ZIlO
Moore
26
8%
14
Sales
Last
Sale Price
31%
—
--
20
common
3%
9 %
8%
pfdZZZlOO
Canada Ltd
Jan
Mar
Week's
STOCKS
12% Mar
7%
10
Friday
32 % Mar
14
Exchange
Canadian Funds
Jan
Feb
Jan
51
8%
42
11%
6%
lo
conv
& Ontario Paper Co
Montreal Refrig &
Storage Ltd
Standard
9'%
a28
Toronto Stock
17% Mar
28
J
<■
Minnesota
Quebec
Jan
245
50
Co
17
High
Jan
50
14
3.75
a26
Ltd—ZZZZ*
6%%
Distilleries
of
8%
3.75
•
McColl-Frontenac
Mica
8%
Zl
~Z*
Z*
Ltd
Melchers
50
*
M)
Co
Tel
Co
14%
42
960
3.75
LtdZlZZ*
Paper
Milling
12%
31%
14
Foundation 6% conv pfd
Lambert (Alfred)
Inc
Loblaw Groceterias Ltd
class A
Ltd
12%
30%
30%
ZZ*
A__
Invest
Leaf
10O
.
International Paints (Can.i
MacLaren
2,270
42
*
Inc
Industries
Lowney Co
17%
10
LaSalle
Metal
Low
42
LtdZZZZZZ*
(Frank
MARCH
Range Since January 1
High
16%
ZZZ*
Hydro-Electric Securities Corp
Int
Maplo
Low
*
Products
Ltd
de
Ltd
____
Insurance
Steel
Horner
Co
--
A
Halitax
Paper
(1177)
MARKETS
ENDED
for Week
of Prices
Par
Lakes
LISTED
WEEK
CHRONICLE
Sales
Last
Sale Price
Great
FOR
FINANCIAL
23%
23%
23%
20
22% Mar
23%
Jan
•
5.00
4.75
5.00
841
41
12
11%
12
160
*
4%
11
.
Jan
6
Jan
Feb
12
Feb
37
38
THE
(1178)
Friday
Week's
'
Class
Alcohol
Industrial
Canadian
10%
oanacuuu
Maiaruc
Canadian
Cos
Oils
common
Pacific
Canadian
10%
150
78C
75c
82c
24,350
16
16
Goldora
10'A Mar
Goodyear
22% Mar
Jan
29
Preferred
Giaham
82c
Mar
Jan
17'A
Jan
Great Lakes
18
Jan
Great
West
Paper
Jan
Guaranty Trust
Feb
Guayana Mines
1
Jan
2.60
Feb
Gulf
1.00
Feb
1.52
Jan
4,500
80c
Mar
8
15c
Jan
6c
Jan
9c
Mar
10%
Jan
14'A
Jan
16'Ac
7c
7'Ac
"
12 Va
16'Ac
18
>
7,000
o
7B
<5
10
7'A
7'A
50c
80c
91c
Jan
6c
Feb
6c
1,500
16,350
1.15
Feb
19c
o.oOd
11'Ac
Feb
95c
95c
1.00
740
95c
Feb
9
9
90
8
Feb
2'Ac
23Ac
5,000
2'Ac
37c
*
y
1
2%c
*
Coastal Oils
4%c
1.55
*
common
Feb
15c
Chromium
Knitting
1.37
1.30
1.15
18'Ac
Malartic
Jan
5'Ac
1
39'Ac
7'A Mar
Jan
72c
36,400
1
Bar
38C 40'AC
Class
Jan
1.78
Mar
19c
Hahn
Coin
2.01
Feb
250
14
Jan
25
50
25
Mai¬
16
boo
15%
1.16
Commonwealth
Coniages Mines
Coniaurum
Consolidated
Consolidated Bakeries
Consolidated
48,300
8'Ac
8'A
*
Beattie
Consolidated
150,730
Hosco
Feb
Jan
8
Feb
1.15
9%
Jan
51c
Feb
66c
Feb
60c
Jan
90c
Jan
Crestaurum
Crow's
Davis
2,600
15
515
5%c Mar
14c
15c
65c
4,100
51
52
70
7c
7'Ac
1.07 Mar
1,500
58c
B
1,500
7,500
8
12c 12'Ac
4,700
1.75
15
1.63
1.75
1
Rio
Detta
4%
1,300
Industrial
Dominion
Electrohome
International
Jan
7'Ac
Jan
Preferred
Jan
Jan
13c
42c
Dominion Textile
Milling
,
Dominion
Donalda
Woollens
Mines
Gold
Ouiama
Jan
1.80
Jack
Jaculet
Jan
2* 1A
Jan
23% Mar
Kelore
2,610
17% Mar
21'A
Jan
26 '/2 Mar
27%
Jan
Kenville
Joliet
4.75
365
3.00
Feb
4.75 Mar
28%
29'A
986
26'A
Jan
29% Mar
9
9'A
305
i l/2
Feb
100
101'A
Feb
9% Mar
Jaii
103
Sullivan
East
Eastern
..
Washing
Easy
Economic
_
Machine
Investment
_
_
Eddy Paper class A.
Elder
Mines
Eldona
El
El
Pen-Rey
_
...
—
_
-
Insurance
Equitable Life
Eureka
Famous
Players
1
Federal
common
Kirkland
Federated
Fibre Products
Fittings Ltd
Class
Fleet
•
_
1
common
.
♦
Klrkland
(John!
Feb
12
185
10'A
11'/a
10
Jan
Jan
11'A
Jan
Lake
Jan
52c
lu 74 C
64c
Mar
Lake
cl(l
24c
Mar
La
O
Feb
6c
9'Ac
Jan
19,600
11c
Feb
14c
Jan
5'Ac
7,200
4c
Feb
6c
_
Fraser
_
3,500
23c
Mar
28c
Jan
2.40
6.065
Jan
2.05
100
6%
48
60
45%
Feb
15%
16%
Feb
4.40
2.48 Mar
5.35 Mar
6%
Jan
•Tan
6%
48'A Mar
285
15'A
Jan
16'/2
43c
Freiman
Shore
(A
43c
10.750
36 'A c
Jan
50'Ac
Feb
30'Ac
36c
89,300
28c
Feb
43c
Jan
25.165
8'Ac Mar
12c
34,500
7
%c
%
10%
10%
100
40 %c
Gatineau
J)
preferred
a
a
Power
com
_
preferred
5 %%
-
preferred
...
—
Lang
General
Class
_
Cadillac
42c
5,440
6c
Feb
Feb
10'Ac Mai10c
"U"
Larder
Petroleums
common
Preferred
General
.100
...
.
Gillies
Wares
Lake
Glenora
Globe
—
Gold
—
.
Lake
Goldale Mines
Goldcrest
Gold
Eagle
Golden
n^Irien
Mines
Arrow
....
...
___
__
Goldhawk
Porcupine
For footnotes see page
40..
Mar
82c
Jan
7c
6,000
10'Ac
Jan
6'Ac
17% Mar
Feb
30c
1.27
1.40
16,025
1.25
14c
14c
15c
2,000
11'Ac
19
13%
1,870
4.35
3.95
4.35
8.850
8c 13'Ac
97,700
19
Feb
Jan
Mar
3.95 Mar
Jan
20 Va Mur
80c
1.44
15c
Mar
Jan
Mar
Jan
20
9c
1.05
7c
3'Ac
5.30
Jan
1.03 Mar
Jan
1.34
Jan
1.12
13,100
'Ac
7%c
88,700
3c
Jan
9c
Feb
30c
Mar
43c
Jan
14'A
Jan
64c
Jan
30c
31c
13,400
13%
8,165
55c
1.95
1.95
2 03
4,200
17%
17%
49c
17%
180
3c
3c
3c
1,800
4'Ac
4c
4%c
14,600
4'Ac
3%c
4
12%
29,050
*
34,000
55c
17c
1.03
6
12%
13%
Jan
49c
Feb
Mar
Feb
2.40
Jan
17% Mar
19'A
Jan
2'Ac
Feb
3'Ac
Jan
4c
Jan
5c
Jan
7c
Feb
1.90
Lexindin Gold
1
Feb
7c
Feb
Little
•
50c
53c
4,700
45c
Jan
62c
Feb
Long
Lac
B
Class
14,000
12,900
8'A
MacDonald
Mines
Red Lake
8
12%
4.60
Jan
Macho
p
Mines
Feb
30
Mar
16'Ac
16'Ac
18c
3.10
2.41
3.25
52c
56c
13,625
6 'Ac
6c
6'Ac
6,000
13c
10 %c
14c
8,300
10'Ac
1
3.00
2.91
3.10
35,188
2.11
10
500
8'A
8%
8%
2.140
3.00
3.15
9,253
2.76
Feb
-
Feb
Magnet
Lake Gold Mines
Madsen Red
2.90
47c 5 l'Ac
23.200
Feb
8'A
Jan
Malartic
Jan
8
Feb
Manitoba
12'4
Jan
12'A
Feb
Manitoba
1.20 Mar
1.75
*
1
10
3.15
1
49c
1
Consol
7%
54c
*
A
-
6'Ac
8
13c
Jan
8,700
13'Ac
Jan
94,517
2.33
Jan
521,000
32
Jan
31%
Jan
29'Ac Mar
20c
Mar
3.30
3.15
3.30
8,350
2c
2c
1,000
102
102
15
44c
Jan
5c
Jan
Mar
3.25 Mar
80c
Jan
7c
Feb
17c
Jan
Jan
3.35 Mar
9%
Jan
10
7%
Jan
31c
Feb
Jan
Jan
8% Mar
3.15
60c
Jan
Feb
Jan
2.95
Jan
3.45
2c
Jan
3c
Jan
Feb
Jan
12%
110
1.20
400
28%
27%
23%
2,330
24
30
32
75
30
11c
12c
10,100
26
Gold
class
Export
B
40
1.20
25'A
River
60
8'A
8
31
*
Mines
Macassa
Jan
310
480
1
1
1
Lynx, Yellowknife
6}
Jan
Jan
31'A
17 %c 29 %c
30%
Feb
Mar
Feb
2.05
31%
30'A
31%
29'Ac
*
.
Goldfields
61c
5'Ac
31'A
*
*
1
class A
Groceterias
Loblaw
Louvicourt
Class
6e
Feb
4'Ac
McMillan
2.45
Jan
82c
5,000
MacLeod-Cockshutt
2.24
17
7c
Jan
5'Ac
Jan
Jan
6c
11'A
Jan
15 3A
74c
7C
37c
9
3%c Mar
1.34
10% Ma r
Mai-
%c
Jan
Feb
75
Jan
Mar
29'A
32
Feb
Mar
8'Ac
Jan
14c
Feb
25'A
Feb
26'A
Jan
89
88 %
90
75
2.31
2.30
2.37
4.430
2.25
Feb
18%
18%
160
17%
Jan
19
Jan
108
108
15
105%
Jan
108
Mar
110'A 110'A
10
110
Mar
111
Goldfields
&
Sugar preferred
—100
_
"
Milling
Leaf
Maralgo
Eastern
—
3%
8%
650
6c
-1
1
Mines
Gold
Marcus
16 c
6c
2,300
16c
19c
40,200
%c
.
102
Mar
104%
8
Mar
10%
3%c
Jan
13'Ac Mar
32,000
'Ac Mar
4c
4c
800
3'Ac Mar
24%
24%
24%
3,811
20
•
27 %
27
27%
230
14%
14%
14%
1,295
100
Rights
Martln-McNeely
99 %
97%
100
43
'Ac
tT-
—
1
•
'Ac
Jan
8'Ac Mar
19c
Mar
%c
Mar
6c
Jan
Jan
25%
Jan
Mar
28%
Jan
13%
Feb
16%
Jan
97
Jan
21%
Mar
18 %
__
2.85
87
Feb
91
2.60
Jan
Jan
Massey-Harris common
Preferred
McColl-Frontenac
2.85
300
2
Jan
3
Feb
McKenzie
3,900
1.00
Feb
Jan
McMarmac
25
29'A
Feb
31
Jan
106
106
106
5
Jan
106
Mar
Mercury
Jan
20
Mar
Mid-Continent Oil
19%
105
6.15
5,890
7c
7'AC
3,000
2'Ac
2'Ac
1,500
57c
57c
60c
6,350
34c
34c
1,900
19%
17c 17'Ac
2.55
7'Ac
800
4'Ac
4'Ac
500
7'Ac
1
13,100
7 %c
17c
1
1
1
1
*
*
McWattcrs Gold
100
17%
Jan
1.25
1:20
Jan
McLellan
7'Ac
6,100
2.55
2.58
19.800
5c
bOO
5c
61'A
Jan
51c
Jan
100
Gold
Red
Lake
Mills
6.00 Mar
6.60
Jan
Feb
7'Ac
Jan
2c
Jan
3'Ac
Jan
60c
Jan
Mar
65c
Jan
32c
Jan
36c
Jan
l*c
F°b
6c
Jan
8c
Feb
Monarch
4 %c Mar
6c
Jan
Moneta
Jan
7'Ac
Jan
Montreal
2.49 Mar
3.35
Jan
Moore
Jan
Mosher Long Lac
*
62%
815
55c
55c
2.100
8c
8c
9 %c
8c
9c
4.160
8c
Feb
9%c
10 %c
8%c
11c
8,500
8
Feb
11c
Mar
5%
5%
1,625
5'A
Jan
6
Jan
3tyc
3c
3'Ac
8,000
1.25
1,600
12%
12%
1,065
62%
5%
62
32,600
3%c
3c
1.10
Jan
Jan
Jan
10'Ac Mar
4c
1.35
Jan
57c
6c
Brick
Milton
Mining
Model
Corp
5%c
4%C
Feb
17%c Mar
6c
Mar
13%
Jan
Feb
Feb
Feb
37c
700
31c
Feb
37c
17%
18%
515
14%
Jan
18% Mar
18%
18%
65
16 %
Jan
18% Mar
*
Investment—*
1
10'A
10%
34c
1
Containers
common
A
Monarch
12
Feb
*
Oils
Class
Feb
67
1.15
100
105
1.05
27
12%
1.08
29%
1.08
'
8
Porcupine
Red Lake
102
-
common
Preferred
29%
1.08
—
—
60c
1.15
Jan
4
_
49,943
6,500
10%
6.05
1
Jan
60c 65 lie
61c
1.28
36%
-
-
-
12c
1.21
16
.
Manitou
Jan
1.27
34'A Mar
7c
1
•
—
10c
1
Gold
Leltch
500
•
Gold
10,000
1.37
Leduc-West
1,135
6.15"
Gold
12c
420
Modern
God's
10'Ac
Jan
3,800
9%
_
-
Mar
78c
36'A
1
Oil
Feb
15c
16'A
9%
a
common-
—
30c
16
14%
1
Steel
Giant Yellowknife Gold Mines
21c
Jan
Jan
77c
34'A
0
«
Mar
4%c
16
34'A
100
.
Mfg class A
Products
14c
20c
24,750
78c
14% Mai-
_
A
General
! 900
13,611
12c
l&'A
*
3
Mines
Secord
Laura
905
.100
c
—
i^apaska Mines
15
a
Bakeries
14c
11c
*
-1—
15
11c
Feb
147
23 %c 26%c
1
—1
Sons
&
Mclntyre
General
14c
1
:
4.15 Mar
-100
-
Feb
1
—;
Mining
Mines
1.848
26
Exploration
Jan
8c
1
Mines
Wasa
Luz
4.35
common.
Froblsher
10%
Feb
1
4.15
<■
Gold
Cos
Jan
5c
Jan
6'A
B
Francoeur
5%
—
Feb
8'A
5,400
;
Lake Lingman
Maple
Class
143%
3,296
1
Gold
100
48
—
•
class A—
Ford Motor
155
9%
5%c
1
Exploration
Labrador Mining &
Gold
Mar
12%
Jan
8%
1
Mines
Mai-
n
Feb
Feb
32%
5'Ac
145% 145%
•
—
Ltd
Fortune
5 '"t
.
_
30'A Mar
9%
„1
Lake
Klrkland Townslte
Dufault
32
A
Manufacturing
4,845
4,000
Lake
1,410
_
31
30%
Jan
17,660
Lake
10,875
#
common
104
80c
Feb
5%
2.45
103
Jan
20'A
22%
5.20
0
Jan
5%c
7c
27'A Mar
5%
—1
Petroleum
Mines
Jan
23c 23'Ac
*
Grain
30'A
1
1
1
(1939)
Jan
6'A
Federal
101%
100
70c
11%
25
Fanny Farmer Candy Shops
20
57
—*
r-
>%
21
2
5.10
•
102
102% 102%
17%
30
2.35
4.20
28'A
70c
100
5.15
•
Nickel
5'A Mar
26%c Mar
Feb
20%
27
5c
——
Feb
Feb
26
-1
Macfie
Palconbrldge
102
4
20c
„1
22%
11c 11'Ac
10%
185
Kerr-Addison
Laguerre
5'Ac
,
100
2,800
27
Kirkland-Hudson
Lapa
1
5'A
26c 26'Ac
6'Ac
Jan
11c
-25
-
—
Jan
71'A Mar
Feb
8'Ac I0%c
Corp
49c
Jan
23,000
9c
Jan
40c
Feb
30
7c
_
Gold
Sol
2,250
Jan
22%
6'Ac
35c
40
Feb
36
6'Ac
1
_
Jan
40
6c
Jan
1
__
12
4'Ac
Jan
45,200
1
.
Jan
9%
43'A
Jan
109,550
20
__
__
-
Gold
132
100
19'A
62c
*
Mar
10 %
3,500
26
24c
1
_
8
66
33'A
57c
..
Mar
7
4%c
100
5'A
Mines
Steel
50
65
310
20c
23c
7%
4'Ac
1,305
10%
2.40
7
65
21%
COc
1
Mar
%
4'Ac
27%
23c
•
Mines
Mar
35
-1
34'A
»
Leduc
East Malartic
Mar
33
.—5/100
——
Gold
34
°
East
25
Jan
5'A
Mines
20%
11%
•
Jan
12c
Quebec
27%
East Crest Oil
Jan
Jan
102'A 102'A
1
Jan
4'Ac
30
26%
Kelvinator
75
East Amphl
27
Feb
32% Mar
23'Ac
Gold
25,545
1
Feb
3c
29 %
1
Mines
17%
1
Duvay Gold Mines
285
1
Jellicoe
23%
_
35
Feb
25 %
110
Ltd
Mines
26%
27
Ltd
610
Jan
360
Mining
Waite
26 'A
22%
__
Mines
32
33
A———
-
Jan
16c
67c
17%
•
Jan
Jan
35
0
com
Gold
21%
•
Jan
Feb
24
*
Preferred
International Petroleum
Jacknife
17%
—_
common
Jan
3c
21
3.000
-100
Jan
23 'A
.
certificates
class
Metals
Jan
8%
7'Ac Mar
21
....
Voting, trust
&
•
42c
common---"
Jan
32%
100
Feb
34'A
& Chemical
2c
30%
4c
40
preferred
Jan
•
Dominion Stores
47%
10'A
International Nickel Co common
6c
class B— —25
Dominion Steel & Coal
15'Ac
32
7
*
6
1
A—
Powders
30c
9
Jan
Mar
Feb
26 'A
Coke-——-—-1
Labatt
Dominion Tar
class
Bronze
5,200
_100
5c
Mar
6c
23
32'A
Coal
41,650
4.00
Jan
35
International
36c
4.75
11%
100
3'Ac
25
—
International
Jan
7'Ac
28'A
Feb
Feb
4c
3,500 "
26
4c
•
common
(John) & Co
Inspiration Mining
7c
»
Magnesium
Malting preferred
24
lugiis
32'Ac
•
Dominion
Dominion
24
18
42% Mar
1.902
24
Feb
Jan
10
51,500
I
1
preferred.
Machine
33c
"
42%
8'Ac
16'A
2,500
8c
44
6c
6'Ac
43%
preferred
Ingersoil
7'Ac
10
Dominion Foundry & Steel
10'A
25
Acceptance
•
Bank
Mar
2%c
:
convertible
2
Dome Mines Ltd
Jan
7c
100
Preferred
Feb
Mar
10c
2%c
preferred
Indian Lake
International
Feb
Jan
60c
Feb
Jan
Jan
Feb
9'Ac
Jan
6c
7%
Mar
1.60
Feb
58c
7'A Mar
52%
12c
6c
2,200
316,500
7c
500
58c
40c
10,650
58c
9%c
7'A
Jan
Feb
6c
58c
6 'Ac
.-£1
Feb
7'A
6'Ac
9%c
2%c
_
paid--
Feb
7'A
1
Yellowknife
Distillers Seagrams
Discovery
Dominion
47c
20%
Preferred
1
Lake
Red
47c
1
—
Jan
Jan
Joburke
Del
39c
Jan
17c
6,200
"
•
Mines
Feb
Mar
1.26
Feb
400
22c
Jan
165
Feb
10c
10c
8
4,000
14%
Feb
6%
27'Ac Mar
10c
24c
23c
23'A
7c
29c 32'Ac
Feb
23c
Jan
Jan
50c
10c
4c
13% Mar
49'A
32c
3'Ac Mar
Oil
Jan
14'A
2,000
7c
Jan
103
13c
•
Ltd
Oils
1.10
15
160 »A
1
class
Leather
Delnite
1.03
15
1
Petroleum
ioecalta
1.10
100
—.
Patricia
D'Aragon Mines
Navies
5'A Mar
1
Coal
Nest
92'A Mar
1
Mines
Crowshore
2,978
"
Pershing
.roinor
13c
95'A
51
5,500
•
Bank
$1.60
——
4%c
240
5%
Mills—
3'Ac
Mar
70 0
Jan
Exploration
47c
8'Ac
11,384
Jan
Imperial
Feb
13%
26c
Conwest
Mar
30c
13%
62c
Cosmos
44c
5c
855
31
Feb
141
Jan
1,500
21%
Feb
164
26 %c
43,550
13%
Mar
5%
Jan
21'A
4c
161
14'A
30%
12c
163
Feb
31
55c
5!A
13%
21%
2,220
*
100
•
Imperial Tobacco of Canada ordinary_5
Imperial
14,050
100
14
Feb
.-10
Imperial
12,500
A
Jan
Jan
58c
class
13%
6c
1
——,
Erie
&
5%c
Press
Jan
1
—
Mines
Bay Mining & Smelting
Mai-
26c
11,491
1,166
Saruee
Malartic
56c
Consumers Gas
11%
35c
.
1
Yellowknife
4'Ac
Consolidated
2,775
4 %c
38c
36c
,1
Mines
Gold
Hudson
10'Ac Mar
69c
100
13
4'Ac
Homer
Jan
Mar
7'Ac Mar
5 'A
Feb
12'A
4c
Jan
6c
51c
18 c
59c
13c
2c
15
2,840
56c
92'A
Feb
10%
6lc
94'A
l'Ac
10%
59c
1
3%c Mar
5,500
5
67c
5
Feb
4,000
2c
Hollinger Consol
1
Smelting
24
100
4c
Jan
16%
*
&
Feb
17
3%C
130
1
Oro
Jan
1,000
Howey
Mining
19%
17 %
Homestead
Lebel
Feb
7'Ac
Consolidated
Consolidated
17'A
7%c
Consolidated
Consolidated
1,635
17%
2
Mines
Duquesne
Feb
18'A
*
Feb
13c
51
8'A
6c
•
Mar
Mar
1.00
3,U6i
26c
Feb
Dauch
Huron
1.06
1
Astoria
Mascot
Hugh
8c 10'Ac
4'Ac
1
Lake
Red
&
Jan
23c
5,500
38c
Hinde
1.50
1.00
5c
38c
Highwocd
Feb
1.06
Jan
5'Ac
Mar
1.39
25'Ac
Jan
19c
17'A-
rf*
1
Mat-
Jan
*
1
Mines
14%
1.50
200
16c
Feb
14
25
Feb
1.25
Jan
16c
4%c
—
1
1.15
1.42
7c
500
1%C
*
15c
1.42
32.JOO
16c
1
Gold
Gold
Gold
Gold
3'Ac
1.23
Feb
15c
17
Hignridge Mining
DUO
400
—^
Highland-Bell
1,000
51c
vH CO
Mai-
4.109
1
Ansley
ls'A Mar
2.32 Mar
11
4c
5
—
Mines
Consolidated
Jan
9
18C
*
Petroleum
Rock
Hard
s.
Cotton
Harricana
51c
4c
"
Feb
9c
*
4c
16c
18c
—1
—
Hamilton
51c
—_1
33c
20c
Jan
14%
25
Mar
16c
13
50c
25
15'A
16c
6,210
12c
•
Feb
14%
-
Jan
43c
Hamilton Bridge
Healey
25
1
13'A
30
37c
13
4c
Jan
25
Yellowknife
Jan
Mar
13
35c
—
1
1
3c
6,000
Commoil
Feb
13
—
•
Gold
Jan
*
Lake
Colomac
26
13
•
common
Swayze
Headway
11
Preferred
Brass
Jan
2.18
Cockshutt Plow
Ala bastine
&
Halcrow
9
——*
Dunlop common
17'A Mar
Jan
1
Gold
Halllwell
Hasaga
11
A
Jan
20
1
Lime
Gypsum
Heva
Cochrane
Mines
Lake
Jan
2.10
2.18
1
Willans
Oochenour
14%
100
52%
21'Ac Mar
7
50
1
Citralam
88c
17c
Chimo Gold
Circle
Jan
1.08
83c
1
Mines
Lead
Gwillim
1
Chesterville
5.618
21
100
Gunnar Gold
Cheskirk Mines
900
17%
I
2.20
1
16c
16'A
21
1.45
6,114
Research
16c
13%
16,800
Feb
52%
17%
Jan
1.19
5c
52%
"
9% Mar
2.51
Preferred
Mar
1.25
1.07
Chemical
53
loO
2.50
;
52'A Mar
400
1.17
common
Mar
81
1.35
2.51
Porcupine
95
12'A
1
Central
Jan
12
1
Chatco Steel
Jan
90
1.25
*
Centremaque Gold
3'Ac
30
16%
Castle-Trethewey
Leduc Oil
Central Patricia Gold Mines
8,500
95
17
Cariboo Gold
High
4%c
94
*
common
Coal
1.25
Low
3'Ac
94
1
Bousquet
Jan
15%
16% Mar
Range Since January 1
High
3 'Ac
50
—
60c
100
8,226
Low
*
Tire common—
17'A
20
Central
Shares
1
Mines
10% Mar
Jan
8'A
150
25
25
Rai.way
class A
Corp
10
for Week
Par
High
Jan
8'A
5.7C5
24
Sales
Range
of Prices
Friday
Low
25
*
•
•
Locomotive
Week's
Last
Sale Price
Range Since January 1
High
10V2
B
Canadian
Cardy
9'A
10%
17
STOCKS
Shares
Low
0
B
MARCH
for Week
of Prices
Sale Frlce
Par
ENDED
Sales
Range
Last
STOCKS
WEEK
FOR
RANGE
MARKETS
LISTED
CANADIAN
Monday. March 20, 1950
CHRONICLE
&■ FINANCIAL
COMMERCIAL
*
18'A
Knitting commonMortgage
&
Porcupine
Locomotive
Corp
common
50
12
12
45
35c
36c
3.600
9% Mar
11
Feb
33'Ac Jan
10%
12
Jan
Mar
38c
Jan
•
20%
20'A
20%
815
20'A
Feb
22%
Jan
*
1
7
Vo
'11V2
*03
75
Feb
78
Jan
16c
Jan
o "/4
40c
72
35c
43c
87,050
57 %C Mar
.
"Volume 171
Number
4891
THE
COMMERCIAL
&
CANADIAN
It/INGE
Friday
STOCKS
Week's
Range
National
;
Breweries
National Drug
Preferred
:
National Grocers
National
National
Steel
Negus
8%
Jan
10'A
120
*
22'A
22'A
22'A
5
———*
22 'A
22%
23
] 1
■—*
10'A
;
28'A
800
1.50
8%c
8%c
3%c
3%e
95c
1.01
1
—
New
Jason
1
97c
,__1
Gold
New
Pacalta
New
Oils.
Jan
35c
Feb
50c
Jan
72c
79c
28,350
GOc
Jan
10,800
6'Ac Mar
•
Gold
68'A
Jan
53c
58,300
1.05
4c
Jan
60c
1.05 Mar
Jan
15
Jan
of
Canada
new
♦
Lb
Jan
91% Mar
13'A
Jan
16'A
Feb
33
Feb
Sudbury
Contact
Jan
4%
Feb
8
200
10.500
Feb
Jan
17'A
Jan
895
20%
Feb
21'A
Feb
2.80
49,190
2.25
Feb
2.99
Jan
22c
7,000
1,365
3VaC
3%c
2.60
2.55
2.60
41c
43c
6Vic
7V2C
22,000
1.64
1.57
1.64
13.450
13c
13c
2,500
__
common
4c
Mar
4,500
3'Ac
3c
71
Feb*
Jan
3'Ac
Jan
Jan
70c
Jan
1.66
29 %
29'A
29'A
125
29
Feb
7'A
7'A
7'A
200
6
Feb
10%
10%
10%
100
3.20
3.05
3.20
10,671
•
—
8c
9c
6,500
9%
9%
50
Teck-Hughes Gold Mines—
Thompson-Lundmark
2.80
Jan
Tip
5c
Jan
Canners
class
7'Ac Mar
14'Ac
1
Preferred
Jan
3c
A_—
*
Jan
Jan
12c
Feb
Jan
7'A Mar
ll'A
Feb
6c
Jan
31
10% Mar
2.92
Feb
Jan
50c
Feb
♦
60c
2.70
Jan
*
common.
Jan
4Vic
Feb
Mar
1.45
Feb
25c
Jan
2.31
40c
10
Pearson
22
21'Ac Mar
9,000
1
20
6,412
41'Ac
7'Ac
•
Tamblyn Ltd
8
72c
Jan
21'a
1
River
Taylor
Feb
Feb
16 Vi
85
50c
Feb
8
65c
20'A
22c
1
5-% Mar
17'/b
•
1
Inlet
Top
27'A
2.61
2.73
1
;
Sylvanite Gold Mines
Taku
65
100
21
21'A
1
Sullivan Cons Mines
Superior Oils Ltd
Surf
32
20
20%
25
common
New preferred
Feb
2.685
5%
8
Feb
10
.17
—
St.eep Rock Iron Mines
Sturgeon River Gold
21%
62'Ac Mar
Jan
3.20
Feb
11c
9% Mar
Jan
Feb
9% Mar
2,500
6c
1
45c
Feb
45c
5,532
10c
Feb
Tombill
•
1,000
39c
Feb
19'Ac
18c
20c
45c
33,500
7c
Jan
7 Vic
Torbrit Silver Mines
1,000
6'/aC
Feb
1
1.17
1.17
1.19
800
1.16 Mar
Feb
7Vic
Toronto
7Vic
•
8,000
7c
Jan
9%
10
250
Jan
Toronto Iron
9% Mar
6%c
Feb
—ll'A
ll'A
75
9'Ac
Jan
10
Jan
11%
11%
225
11%
Feb
7Vic
8c
2,000
7c
Jan
9c
Jan
32c 35 Vic
20,200
32c
Mar
50c
Feb
1
7 Vic
7'Ac
8'Ac
43,500
•
10%
10%
10%
950
1
6
*
Malartic
*
common
:
(Eastern)
Pacific
Petroleum
Porcupine
Mines
Ltd
Jan
2.24
Jan
3 Vic
3,500
2%c
Jan
5c
Jan
4
Vic
88,700
43
25
3%c Feb
39
Jan
7'A
329
5%
9c
500
8'Ac
Jan
8c
6c
6c
1.10
104,750
14c 19'Ac
219,500
,
1,100
5'A
Jan
Feb
7%
Feb
He
Feb
8
1.30
Feb
19Vic Mar
4'Ac
3,000
7c
Mar
4.70
16,950
4.20
Feb
4.90
Jan
45'A
45%
4'Ac
4.45
4.65
45%
1,170
44'A
Jan
47%
1.43
1.38
1.45
4,077
19 "Ac
19c
20c
5,800
17c
4c
4c
1,187
1,500
4c
Mar
5c
Feb
3c
Feb
4'/2C
Jan
1
;
Paramaque Mines
:
1
Malartic
4c
Partanen Malartic
1
Paymaster Consol
1
Gold
'
3 Vic
0
4p
1.23
10,000
3c
3'Ac
31c
3,625
52c
53c
1,660
27
27
27
20
11c
10'Ac
12c
71,500
Jan
1.58
Jan
24'Ac
3c
Feb
2c
15,500
30c
1
Engravers
4c
4c
1
5c
Feb
Jan
Mar
Jan
Feb
34c
Jan
46c
Feb
63c
Jan
27
Jan
29
Feb
7Vic
Jan
1
•
1.85
1.82
1.89
1,210
1.80
Jan
1
3.40
3.30
3.45
4,045
3.15
Jan
3'Ac
3%c
3,000
3c
Jan
4'Ac
Feb
70c
71c
14,971
68c
Jan
82c
Feb
46
47'A
1,477
42%
Jan
47'A Mar
Mines
Porcupine
Peninsular
Porcupine
Reef
1
1
Gold
—1
River
•
Powell Rouyn Gold common
47
1
90c
certificates
80c
Corp
90c
900
80c
1.000
16%
Pressed
Metals
Preston
East Dome
.•
ty
H,
Proprietary'Mines
Prospectors Airways
Purity Flour Mills preferred
—40
950
15%
2,091
1.83
1.90
6,360
17%
1.90
0
17
15
1
17%
75c
48%
Exploration
48
200
75c
1,000
48'A
85
86c
Jan
76c
Jan
12'Ac Mar
1.95
3.45
Jan
Feb
Feb
1.05
Feb
15'A
Jan
17'A
Jan
12 Vi
Jan
15% Mar
1.71
Jan
2.05
17% Mar
18'A
Jan
1.00
Jan
48%
Traders
Finance
class
Transcontinental
A
Tuckett
Tobacco
Union
United
preferred
29
2,840
25',2
Jan
29
7,400
47c
Feb
59c
20c
1,100
15c
Feb
35c
175
175
10
172',4
Jan
17%
14%
Jan
11c
Jan
28%
Jan
30
Feb
Jan
100
18'A
lie
19'A
20,019
12c
8,100
29'A
2b
27'A
27'A
28
380
26
Jan
28%
50
54'A.
54'A
54'A
75
52
Jan
55'A Mar
20 Vi
20'A
21
120
20'A Mar
22%
•
3.65
3.50
3.65
4,400
3.50 Mar
4.30
20c
20c
20c
1,500
7
7
7'A
705
6'A
Feb
1
3.55
3.35
3.65
33,457
2.91
Feb
•
preferred
6.15
6.05
6.20
2,393
•
Mines
Gold
1
Mines
West
Ltd
(G
Malartic
!
Feb
47
Jan
Feb
Quebec
Labrador
1
Quebec
Manitou
15c
Mar
1
20%c
Jan
77c
76c
80c
6,600
75c
„Feb
1.03
Jan
1
1.04
97 c
1.05
66,987
95c
Mar
•
1.17
Jan
21
20%
21%
5,620
Jan
1
23%
45C
53c
32,500
45c
Mar
97'c
39c
43c
20,200
39c
Mar
43c
Feb
9.50
46'A
12,780
36
Jan
9'A
9%
100
9
Mar
6 Vic
29
2,550
94
94
20
—
common
—
*
-
A
5c
100
Wiltsey-Coghlan
9c
1
—
Wingait Gold
Winnipeg Electric
5
Winora Gold
29'A
Jan
31'A
60
31% Mar
34
325
23'A
Feb
26
115
99'A
Feb
Jan
Jan
Feb
-
Jan
101%
Jan
10c
25,100
9c
Feb
12c
Jan
5c
5'Ac
15,200
4c
Jan
5%C
Jan
4Ac
4V4c
4'Ac
34%
34%
35
6,000
770
99%
100
70
3%c
3%o
500
2.12
2.20
—
1
Jan
52'A Mar
9%c
31%
•
-
9c
Jan
9c
—
100
Jan
Mar
Feb
25'A
1
common
Preferred
Mar
7c
100 100'A
__
1
Winchester Larder
5c
49
25
25 VA
Feb
94
750
30
10
8'Ac
94
Mar
Jan
46% Mar
31%
—
•
common
Feb
6'Ac Mar
365
8'Ac
7.90
600
52'A
30
30
M
(George)
5c
52
8Vic
—
52 Vi
•>
-•
—
4Vic
33'A
Feb
6'Ac
Jan
Jan
Jan
101%
Jan
Feb
3'Ac
37%
Mar
94
4'Ac
Jan
2.27
Jan
Jan
1
Mar
42'A
1
Feb
46c
40c
45Vi
•
Grocers
Class
Jan
6,436
1
Products
Western Ashley Minerals
Weston
Feb
20c
23,000
100
Jan
3c
41c
40c
1
pfd—
7.05
Jan
Mar
8.60
—
Jan
3.65 Mar
2c
32c
*
Jan
Jan
7%
30c
8.00
•
26c
1,500
35c
& W)
Jan
8,000
8.20
A
class
Consol
Western
6 05 Mar
Jan
3c
1
Wesley Mason Mills 5Vi%>
Westeel
Jan
19'/a Mar
13'Ac
30c
,
30c
—
19c
•
(Hiram)
Wekusko
3c
__
1
Amulet
Walker
--
*
—_
Oils
Walte
Feb
Mar
11c
Hill
Canada
Vulcan
Jan
175
25
A
Oils
Violamac
Mar
29'A
Steel
Villbona
'
--
*
preferred
Keno
Upper
Feb
Jan
50c
1
class
United
Jan
12'A
20c
—
•
United
Jan
12
49c
class A
Fuel
11% Mar
Mar
10%
27'A
Mining
Class B
Jan
Mar
1.36
29
Class B
United
11
45c
25c
•
50c
•
•
United Corp
Feb
Jan
•
Gas
Union
34c
36c
12'Ac
•
Resources
Transvision-Television
Jan
70c
—
1
Preferred
1.10
40c
__
1
Petroleums
Waterous
Piccadilly Porcupine
Gold
*
—
3'Ac Mar
29'Ac
Pickle
Pioneer Gold
A
Towagmac
Ventures Ltd
10c
...
Class
Works common..:
Feb
4'Ac Mar
*
Oil
Cadillac
Elevators
Jan
Feb
1.05 Mar
lO'/oC
Jan
44
Jan
1.05
i
Gold
Jan
9c
18c
*
6 Vi Mar
26'Ac
22c
7
1.08
l
Tubes..
Jan
Feb
9c
1
Mar
1.60 Mar
Gold
Tower
Jan
17c
7
1
.
Mines
G
20c
Toburn
Mar
2.05
3,100
3%c
1
I
Jan
20c
43
1
Lake
1.80
6
3c
3c
3%c
♦
Gold
12,400
8c
U'Ac
18'Ac
*
Orange Crush
1,500
1.80
Feb
5'A Mar
891
22c
1.70
19'Ac
.
•
6 Vi
20%c
1.79
1
Omnitrans Exploration
Pacific
2,830
6
*
Osisko Lake Mines
1.89
4c
35
1.82
1.68
6
*
I
Gold
Power
Jan
27,800
Specialties
trust
Feb
8%
_l
Wood
Voting
20'A
53'Ac
l,*i45
66c 67'Ac
67 Vic
•
66'A
4c
70
28,031
32
*
1
2,100
2.46 Mar
Mar
1
Oils
Powell
Steel
Jan
1.18
A
43,825
3,600
38
5%
*
——
Gold
3c
2.55
Mar
Feb
4c
Ogama-Rockland
Crow
A
62c
2.50
16%
Feb
83c
32 Vi
8c
Mines.
Western
class
3c
5
Hershey
Feb
40c
91%
15%
16%
•
Radio
eoc
2.52
91%
36c
Jan
40c
Mines
Steel
Jan
13c
Jan
9%
Mar
67c
7c
Mines—,
Gold
2,880
10'Ac
2%c
100
69'A
Jan
59c62'ic
9-%
High
31 VAC
40c
Star Oil common
Photo
Jan
4c
68'A
*
Preferred
Perron
5c
Jan
9c
Standard
3c
1
North Inca Gold
Parbec
Feb
3c
47c
c
_1
Denison
Pandora
3c
21,050
7'Ac Mar
59c
9%
•
62c
•
Norseman Mines
Northern Canada Mines
Pan
Jan
5,000
4C
1,500
common
1
.
Mines
Normetal Mining
Pamour
8'Ac
4c
3'Ac
20%
20%
100
1
Norgold Mines
Page
7c
4c
14,625
52
Jan
3'Ac
1.05
*
88c
5%c
3'Ac
Paving
Olsen
3,366
1
-
2J°,a
Bros
42c
7,250
650
——•
common
Stanley Erock class
41c
8c
Standard
Stedman
Mar
10c
38
__
Jan
77c
7'Ac
365/2
—20
—.
Starratt
1.32
48c
9'Ac
30,150
•
Jan
2%c Mar
Jan
7%c
Mines
Osulake
Feb
Mar
Mar
—
9,200
80c
•
9c
Feb
3c
95c
9'Ac
Mines
Red
8c
2,000
Feb
66c
—
35c
77c
Mines
Chemical
Preferred
Jan
31c
7c
31'Ac
Co
1.68
32.380
Nipissing Mines
Orlac
1,600
16,400
Low
35c
__
29
50,025
1
Yellowknife
Orenada
Jan
i.40 Mar
77c
4c
Thurbois
Ontario
28
44c
1
Norzone
New
Omega
Mar
72c
75c
common
Range Since January 1
High
Jan
23
38'Ac
___1
Newnorth Gold
O'Leary
38c
77c
1
Marlon
Okalta
Jan
Feb
42c
Newlund Mines
Oakville
Mar
23%
Low
77'/ac
Preferred
4,895
Goldvue
O'Brien
Jan
19'A
Dickenson Mines
New
North
22
2oc
Mines
New
Feb
Shares
1
Standard
3,120
1
Northland
Southam
Staciacona
5.000
1
North
Feb
Jan
23
28
Co
Jai
30c
1.40
(N)
11%
28c
28
Slater
12 V'B
22%
1.45
Feb
for Week
—1
Malartic
22%
30c
*
Slacien
Gold
22'A
22%
,„10
Slscoe
10'A Mar
*
„„
Bidlamaque
Norpick
510
-
*
Car
Alger
Norlartic
.
9'A
Sales
Range
of Prices
Par
Feb
Jan
37
Week's
Las!
Sale Price
High
7Vic
Jan
10%
Calumet
Noranda
Mar
60
Mines
Nicholson
3'
290
New
Nib
Jan
9
New
New
2o5
6c
ll'A
National Trust
New
34'A
33%
2,500
9
Petroieum
National
Low
7'Ac
ll'A
A
—
11
STOCKS
'A
5
—
MARKETS
MARCH
Range Since January 1
High
7c
~5
com
common
class
B
Low
7c
—■_*
—.
Hosiery
Class
common
Chemical
&
ENDED
(1179)
Friday
Shares
__1
„_
WEEK
for Week
of Prices
Par
Mines
LISTED
FOR
CHRONICLE
Sales
Last
Sale Price
Mylamaque
FINANCIAL
Mar
Queenston Gold
Quemont
Mining
Quesabe Mines Ltd
Reel'
Pete
16c
15c
39c
16c
3,700
18'A
Reeves MacDonald
1
2.03
2.03
Regcourt
300
1
4%C
4'Ac
1,000
1
2.50
2.50
300
5'A
5'A
50
5%
Feb
7
4 Vic
5c
19,040
2%c
Jan
5c
28'A
28'A
50
9'A
9'A
20
9'ic
11c
Renabie
Mines
Renfrew
Reno
Textiles
A
"
Gold
73c
Riverside
Silk
Robinson
Little
Roche
Long
Rochette
Roxana
Royal
Royal
class
class
A..
common
0
Lac
1
Gold
Oils
*
Dairy
class
*
Industries
Corp
preferred
2nd
St
1st
Sannorm
1
>
—_99
___1
Gold
1
Mines
(1945)
Sheep
Creek
1
Voting
trust
Ltd
Silver
Class
Class
9.65
28
Jan
10% Mar
Feb
9.80
Jan
Canada
and
Feb
Canada
Vinegars
Jan
34'A Mar
475
14
Jan
16
Mar
Mar
Dominion
Sugar
185
85'A
Jan
95
54
€5
50'A
Jan
54'A Mar
1,850
3.50
Feb
4.05
Jan
5'Ac
2.000
5c
Feb
6Vic
27c
18.900
25c
Feb
32c
25%
.Jan
545
23%
Feb
25%
Jan
53%
51%
70
Low
G'A
51% Mar
Jan
15c
14%
Jan
16
1.20
Jan
1.91
Jan
2.38
20'A
20
25
20
Mar
545
20
Jan
20%
21
315
25c
23c
25c
14.500
16
50
175.800
413
6%
6%
100
94%
94%
94%
40
*
27'A
26%
27%
833
321
19'A
Jan
22
Feb
Mar
Mar
21%
Feb
38c
Jan
11%
Feb
17'A
4Pc
Jan
91c
Jan
10
9'A
6JA Mar
7%
Feb
12
Jan
25
22%
Jan
24'A
44
45'A
90
39
Jan
45'A Mar
*
—
23
—
23
1.245
3.45
3.80
4,180
92
95
135
3.70
3.90
6,705
—
3.75
59
60
20
19
20%
5.583
33c
32c
33c
8.300
60
*'
•
1
B
•
Preferred
100
40.
25
24
25
98%
98%
93
.
1.120
355
92
Jan
26% Mar
24
98%
Mar
Feb
2%
3%
1,458
57
.
17%
32c
Feb
Jan
Jan
Jan
Jan
Jan
Mar'
13
24
4%
101
60
-
27
23
27
200
16
Jan
27
43
44
185
40'A
Jan
44'A
Steel
•
*
International Paper common
International Utilities
Minnesota & Ontario Paper
*
—
40
7'/2
41
30
3.70
1,445
30
—
40
3.45
•
3.60
31%
255
40
3.15
27
Mar
Jan
Feb
Feb
Jan
Jan
Feb
Mar
Mar
20 % Mar
45c
44
Linoleum—1—*
Oil
Feb
3.90 Mar
*
40
4.00
33
Jan
Mar
Jan
Mar
Feb
Mar
41'a
6,435
Jan
41'A
Feb
21%
20
21%
2.080
19%
Feb
22%
Jan
39%
18%
19%
4.560
17%
Jan
19% Mar
_*
common
39
5
5
19%
19'A
19%
195
19'A Mar
5.10
| 5.20
990
5.05 Mar
37'A
20
Feb
Mar
Jan
Jan
Pend
Price
Oreille
1
Bros
30
Jan
Southmount Investment
Southwest Petroleum
27
Jan
*
Temiskaming Mining
Jan
Twin
94% Mar
100 Vi
21%
89
22%
*
_.
&
21'A
3.75
—
City Rapid Tian,sit
*
—
—
*
-1
com
*
6.00
Jan
„
12%
205
63%
69%
Jan
47c
49c
611
41c
Feb
49c
Mar
31c
—
.
pfd
Mar
Feb
Feb
14
—*
Paper
Bridee
Ogilvie Flour
29
Feb
104
695
•
deHaviliand Aircraft
Hayes
Jan
4%
23%
Lumber
Westinghouse
Oilcloth
92
92
Feb
12'a
—*
Dalhousie Oil
Dominion
155
Jan
3'A
22'A
J
Western
Foothills
100
Jan
82'A
20
common /———
—
23c
90
26%
23%
Industries
Consolidated
2,600
High
6'A Mar
Jan
12'a
com
Vickers
Canada
25
3.75
Mar
23%
Canadian Marconi
Canadian
82'/a
5
12'a
Morse
Canadian
24%
3.60
—
150
82'a
—
3.75
25%
22'A
Fairbank's
common
Jan
22
91c
Feb
1.05 Mar
23
9%
Feb
25Vi
•
Canadian
Canadian
Low
6'A
1.555
•
Bronze
Dominion
21'A
IS
51% Mar
10c
21%
69c
Jan
Range Since January 1
High
5
—
Jan
9%
Mar
—*
Canadian
3.75
2.400
99c
Sales
100
19%
43,256
Jan
Shares
1
Freferred
Jan
445
75c
for Week
Pulp & Paper com__»
common...
17%
1.10
•
Co
Jan
2.23
85C
Brown
4%c
1.05
—
British Columbia
Jan
16
16
26,735
Range
.
3c
1,000
Jan
99c
Week's
—*
Jan
27
12'Ac 12%c
21c
of Pi ices
*
Corp
18'Ac
2.11
—
Asbestos
Jan
25
<
30c
Feb
Last
Par
18.000
95
Mar
17c
Exchange-Curb Section
Friday
10c
100
54
27c
*
A—
page
8.85
Jan
34%
3.65
23c
Sale Price
60.300
2.22
1
A
Dairy
10% Mar
49c
l-» CD vu
5c
—,.5
class
see
10%
21
Mines
For footnotes
Feb
15%
1
class
Feb
920
Feb
1,500
4,800
81c
96c
STOCKS
Andian National
25c
50
2.06
27c
20c
Canadian Funds
Jan
15%
certificates
Western
Simpson's Ltd
14c
12'AC
*
B
Silverwood
Jan
26c
54
25
20
common
Dairies
7'Ac
15,393
6,505
26c
18c
__
—
1
Mar
27
Of
95
51%
1
common
Miller
Silverwood
12c
2,675
15%
3.75
50c
Mining
Silknit
Jan
«
class A
Gold
Silanco
7c
9,000
4c
Mines
Toronto Stock
Jan
1
Gordon
Breweries
10
19%
3 6
Bear
2.14
1
1
Mar
Feb
34%'
•
Ehirriff's preferred
Sicks'
19%
50
com
Mines
Shea's Winnipeg Brew
29
9'A
31c
3%c
1
Rouyn Ltd—
Bhawinfgan Water & Power
4 % %
series B preferred
Sherritt
4c
49
Senator
Shawkey
28 Vi Mar
27%
10c 11'Ac
,
'L,
Mar
1,000
f
.*
u
Zinc
Feb
5,000
9c
Yellowknife
Jan
9.15
10%c
•
pfd
Paper 1st pfd
preferred
Antonio
25c
3.00
&
Mines
Jan
2.S0 Mar
Lead
Yellorex
Jan
4%c
27'A
9.60
1
Lawrence
2nd
San
31c
27%
1
common
Lawrence
9c
A
Roybar Chibougamau
Rupununi Mines
St
11c
2.55
Feb
4c
10%
10
.
Royalite Oil
Russell
9%
1
Co
Dank
Oak
4%C
2.03 Mar
Wright-Hargreaves
Yale
38c
1,500
30c
Mar
40c
Feb
6'Ac
8c
2.600
6c
Jan
Re
Jan
22'A
12'a
100
8%
Jan
€8'A
69
Jan
12'A Mar
39
40
COMMERCIAL
THE
(1180)
&
FINANCIAL
CHRONICLE
Monday, March 20, 1950
OVER-THE-COUNTER SECURITIES
Quotations for Friday, March
17
Obligations Of Government Agencies
Investing Companies
Fund
Affiliated
5.85
6.42
l'A
Inc
Holding
Amerex
4.38
4.74
Beneficial
35%
1
3.97
8.15
15.61
8 lk
Sayles Mutual Fund--*
Loomis Sayles Second Fund__10
2%
4.27
4.08
4.50
3.37
3.83
4.22
lc
3.00
4.03
x9.34
9.35
5
1
17.46
19.83
18.88
21.73
Manhattan
1
37.85
40.69
Mass
Ltd
Fund
Bullock
1
Fund
Chemical
100
180
Christiana Securities com
Preferred
1
1
Commonwealth Investment
Fund
Delaware
Howard-
&
Eaton
25c
Shares
Dividend
Petroleum
Steel
Fund Inc_l
10
Corp
5.45
lc
—
5.45
2
15.63
Inc—
1
17.02
54.44
Investors Trust-
1
5.16
7.14
Automobile shares
lc
—
Chemical
shares
Food
lc
—
bond
General
lc
—lc
—
shares
7.24
lc
5.98
lc
8.31
Merchandising shares
5.00
shares
Mining
lc
2.52
5.23
5.59
lc
shares
Steel
shares
Tobacco
Utility shares
4.75
5.22
6.31
6.92
4.54
1.80
1.95
5
23.43
25.33
shares.
Group
lc
_
—lc
shares
Group
9.40
10.31
90c
Group shares- —lc
1.11
1.22
Stock and Bond Group— —lc
12.79
14.02
1
10.20
Co
Investment
Amer.ca_
of
8.37
9.17
15.38
15.73
Keystone Custodian Funds—
B1
(Investment Bonds)
B-4
K-2
1
27.53
26.52
23.75
S-3
S-4
18.94
10.07
11.00
16.15
33.10
15.86
(Appreciation com Stks)_l
(Low Priced com Stks)—1
13.91
1-50
bl.30
1.15%
1.30%
1-
3-50
10-
2-50
bl.30
1.15%
1-50
bl.30
1.15%
1.30%
2-
1-50
11-
1-50
bl.30
1.15%
1.30%
10-
3-49
7-
3-50
bl.30
1.15%
1.30%
3-
1-50
12-
1
1.30%
11-
1-49
8-
1-50
bl.30
1.15%
1.30%
4-
3-50
1-
stock
11.89
13.03
1
9.05
9.92
1
12.10
4.19
11.37
12.46
10.48
11.49
l
10.26
11.24
1
13.24
14.51
1
10.26
11.24
l
11.14
12.21
preferred stock__l
equipment
stock
l
16.15
17.70
1
11.11
12.18
Utility
8.54
9.36
l
equipment
8.79
9.63
l
.
5.71
6.26
1
Putnam
Republic
Investors
11.71
16.24
Bid
Mar.
Mar.
23,
Mar.
Fund
Inc
asset
(net
Street
value)_•
bl!4
1.00%
May
11, 1950
bl!4
1.06%
1950
bl!4
1.00%;
May
1.08%
bl!4
1.04%
May
18, 1950
25, 1950
bl!4
1950
bl!4
1.08%
13, 1950
bl!4
1.06%
June
1,
1950
bl!4
April
20,
1950
1.06%
June
8,
1950—
bl!4
1.08%
April
27,
1950
bl!4
bl!4
1.06%
June
1950—
bl!4
1.08%
Trusteed
Industry
53.07
53,07
11.41
12.35
21%
22%
Bank
of
&
Fifth
the
New
6.86
Corp.*
55.25
57.75
Bankers
1
11.35
12.37
75c
83c
Shares
25c
Chase
18.45
Chemical
C
1
6.54
Union
Preferred Stock Fund___l
Common Stock Fund
United
Income
Street
Fund
11.02
10.88
11.10
American
Casualty
American
Equitable
(White Plains,
Wisconsin Investment Co
1
3.78
4.10
Unit
First
Diversified Trustee
Series E
Shares—
:
Amer
Trust
2.24
2.55
Irving
Trust
Kings
County
(J
$2.10
Prior
16%
17%
27%
Merchant
Fire
&
Assurance
Mfrs___
Fire
Union
62
_
10
-
64%
National
61
64
New
—25
10
4
(Detroit) __10
Fire
York
64%
New
23%
24%
North
77%
80%
19%
72
74%
Northeastern
37
21
Nat!
39%
41%
52
54%
25%
,
Pacific
Ins
Co
Fire
70%
—
10
66%
70%
34%
10
66%
9%
32%
34%
64
66
40%
43%
47%
19%
27
3.33%
7%
91%
94%
Reinsurance
10
21
28%
121
8%
Assn
of
Phila
Fireman's
Fund
Firemen's
of
of
Frisco.
Phoenix
(ex 25%
Falls
_
5
10
Corp_
.
5
Globe 8t Republic
Globe & Rutgers Fire common_5
2nd
Great
15
preferred
American
5
17%
18%
10
83%
86%
5
10
5%
34
Corp
(N Y)
2
5
_
Hanover
Fire
Hartford
Fire
Hartford
Steamboiler
__
-
_
31
325
16
35%
37
10
37%
39
Bank
32%
25
12
100
92
8%
650
Detroit
of
Deposit Natl Bank—100
295
100
285
300
20
38
40
Peoples First National
Bank
43%
60'%
278
Trust
&
Portland
National
Bank
12%
83%
20
65%
£ank of Amer N T & S A—12%
55%
United
Trust
&
•
Natl Bank & Trust
Mellon
20
1,510
96
9%
States Natl Bank
Francisco
San
680
57%
-1979
1974
27/8S—1979
Central Maine Power 27/aS—1979
Rock
Chic
Security Issues
103%
Island
Pac
&
105%
103%
102%
103%
6 %
7%
24%
Republic
32%
Seaboard
Surety
54%
Security
(New
13%
14%
Springfield Fire & Marine
10
47%
100%
18%
Standard
10
40
42
100
473
488
100
Util
104%
1979
104%
105%
1969
102%,
103
Indianapolis Pwr & Lt 27/8s_1979
103%
104
104%
106
pfd„50
52%
53%
pfd_30
37%
38%
5%%
Kentucky Utilities $4.75 pfd. 100
100%
103%
53%
Light—
3.90c
99
2%s_1999
Ask
56 %
52%
103
104
105
Conn
Lgt & Power
Power
Gas
27/8s
Service
Power
Kansas
2%s
Co
N
State
Y
4%%.
$5.50 pfd:
Serv
19%
20%
& Gas—
Elec
pfd
20
(series
1949)
100
107
108%
.
Pacific Gas 8s Elec Co—
Light—
&
Pub
Maine
Penn
27/8s
1979
2%s_1980
101
101%
1979
104
103
103%
101%
101%
Pwr
8s Lgt
25
28%
pfd—100
107%
1st pfd
4%%
29
105
Transmission 3s—1969
redeemable
$4.80
mortgage
Public
Serv
Tenn Gas
United
of Indiana 3s
Gas
Corp
2%s
1970
Pub
Pub
Bid
Gas
4.40
4.65%
8s
100
pfd_100
San
125%.
126
107
108%
Elec—
$4.75 preferred series G
100
106
20
22
—
Diego Gas 8s Elec—
preferred
4%%
Par
(Colorado)
Ser
Serv of Okla
Rochester
22%
Ask
Staten
& Elec—
Island
4.90%
Edison—
preferred
100
106%
108
108%
109%
49%
16%
Electric
Bid
55%
Par
pfd
preferred
Hartford
Iowa Southern
98%
&
Power
4.28%
2%sl—1984
Commonw'lth Edison
Blackstone Valley Gas
23
Delaware
RR—
1980
27/8s
$2.20
Pwr
&
preferred
$2.04
106
103
Lt
Conn
*
♦
Stocks (Continued)—
Ask
102%
36
30%
97
30%
32
10
35
37
121
125
37%
(Texas)
Paul Fire &
Marine
Haven)
Accident
10
33%
_
12 %
101
105
10
55
58
lo
37
39
Travelers
39%
S
U S
U. S.
Fidelity & Guaranty Co__2
Fire
Westchester
56%
58%
4
Guarantee
Fire
68
71
10
80
84
22%
23%
2
100
$4.25 preferred
Central
4.75%
Hudson
Gas
preferred
&
105%
100
106%
Tenn
Elec?
105
Gas Transmission—
$4.65
preferred
100
(not Included in year's range). bBid yield price,
d Deferred delivery sales (not
year's range),
e Ex-interest.
fFlat price,
k Admitted to listing on N. Y. Stock Ex¬
Admitted to trading N. Y. Curb,
r Cash sales (not included in year's range),
t Ex^liquidating dividend. (Un) Admitted to Unlisted Trading privileges. wdWhen delivered. wiWhen
issued,
x Ex-dividend,
y Ex-rights,
z Ex-stock dividend.
a
101
_10
—10
32
First
Stocks—
U
_
Accident
Providence-Washington
St
Glens
stk div)
67%
52%
Newark-
General Reinsurance
20
100
Bank
Farmers
313
Niagara Mohawk Pow
140
64%
1,295
49%
Power
Oregon
50
68%
10
Fire
625
Pittsburgh
94%
45%
of Pa 3s
Ee'il Telephone
Calif
114
34%
91%
27/eS
Associated Tel
33
8%
41%
25
Peerless
Preferred
-
350
605
Co
National
23
Bid
31
2.50
Indemnity Co
Casualty Co
62%
__
335
Co
Trust
Detroit
47%
Recent
32%
38%
5
272
38
110
43 >/4
Trust—
States
29
27%
12,50
10
_
100
100
Savings
95%
City Bank
National
Trust_17%
&
National
Guarantee
1st
Pacific
*
Fidelity & Deposit of Md
Bank
Bonds—
39
Fire__
River
Employees Group Assoc—
—10
Employers Reinsurance
_
Federal
100
12%
—
2
10
Northern
10
-
&
Trust
Cleveland
25
Duke
61%
__
_
243
38%
5
Casualty
Hampshire Fire
5
Life
„
5
10
Amsterdam
10
_
Forster Inc
Inc
Co
&
Trust
109
107%
—
236
Ask
19
Casualty
Continental Casualty
Crum
&
National
Fire
10
25%
National
_
_
Camden
1
5
22%
Connecticut General
55
5
34%
Bankers & Shippers
106
20
common
preferred
32%
_
10
$1.05 Convertible preferred__5
Massachusetts Bonding
5
New
Boston
America
Casualty
21%
American Surety
P)
Co
78
10
Automobile
36%
Trust
City Bank
York
United
Bid
Trust
Manufacturers
304-
10
19
_100 1,480 1
25
41%
20
58%
Trust
Lawyers
Title
5
-2%
_
L100
Trust
Industrial Bank of Commerce-10
Shares—
Home
17%
Newark-
100 1,235
Bank
National
Guaranty
8.95
Par
28%
32%
50
Trust
&
7.78
Companies
Fidelity & Casualty—5
American of
10
Bank
1
Independence Trust Shares
North
10
36
107
21'%
2.50
75
American Re-Insurance
100
Bank
National
Central
16
N Y)
Trust
Fiduciary
Type Trusts—
Merchants
American
93
Cleveland
Empire Trust
Federation
Jersey Insurance of N Y
„
214
County Trust Co
Insur Co of North
_
Assur_
Trust
Harris
7%
66%
18.69
66
55%
National
Northern
224
100
56%
20.02
67%
52%
Ask
Trust—33%
&
45
6%
64%
17.38
64
4
40%
43 %
First
104%
38%
54%
X18.35
65%
-
101 %
20
Co.
1
_10
_
_
Bid
Illinois
Bank
National
50
Stamped
1
Ask
26%
City Natl Bank & Trust
Continental
159
10
Trust
&
Wellington Fund
2.37
10
48
154
15
Bank
Bank
Whitehall Fund Inc
Maryland
Automobile
10
Exchange Bank & Trust_20
Corn
4.03
Alliance
28%
355
Continental Bank & Trust—
7.58
10.14
"III
25
American
340
100
National
Trust
20%
1
1
Investing Corp
Par
Commercial National Bank &
1
Shares
100
Centra] Hanover Bank & Trust 20
21.99
A
1.08%
Companies
Ask
York
Trust
1
series
27
Trust
1
Fund
Co__10
Avenue
Brooklyn
B
Bond
15
Chicago
Manhattan
of
Series
Union
Bid
York
New
Bank
6.26
Inc
_10
American
1950
Banks & Trust
l
Investment
Fund
1.06 %
6,
17.46
Amer Shares
2%
Shareholders Trust of Boston__l
State
Ask
bl!4
30,
2.54
Selected
Television
Bid
4, 1950—:
May
1.00%
April
April
Par
Investors
Bills
Ask
bl!4
16, 1950
22
l
United States Treasury
12.83
15
l
Fund
2-51
9.26
5
Trading
(Geo) Fund
6.94
8.45
l
&
6.33
1
Tobacco
wi
4.59
1
...
Series 1956
Agricultural
1.20%
1.20%
11.56
10.90
2.75
98%
bl.30
bl.30
1-50
13.26
1
2.52
10
1.15%
5-
1
_
bl.30
6-
1955
_
1-49
1-49
Series
_
_
Ask
1-50
Due
12-
1-49
5.44
Life
1.30%
8-
Sterling
Casualty & Surety-
Ask
1.15%
9-
Public
Insurance
Bid
9-
Dated
Rate
Bid
bl.30
1.35%
National
Aetna
4-
1-49
7-
Morgan
Aetna
.9783
3-50
Due
Dated
New
Aetna
.9898
99.9627
1.35%
5.58
Bid
99.9787
7.39
4.97
Par
1950
1,1951
8.53
5.ID
Insurance
1,
Federal Intermediate Credit Bank Debentures
Rate
1.55%
_25c
Fund
Trust
Lexington
1
1
Fund
.0336
11.17
Petroleum
17.30
12 75
Knickerbocker
17.27
.0394
100.0140
tl'/aSJan.
100.7
100.0309
1950
JIVsS Oct.
99.31
5.30
17.62
30.34
(Income com Stocks)
16.06
.0211
.0317
tl'/as Sept. 15,
100.6
4.45
Steel
25.91
17.36
1
S-l
S-2
4.07
1,1950
__
7.78
28.79
24.31
Appreciation pfd Stks)_l
(Quality common Stks)_l
B-3
K-l
Com Stock Series 1
1, 1950
U%s July
4.09
100.0111
100.0237
1950_
1,
U%s June
6.74
Wall
(Medium Grade Bds)—1
(Low Priced Bonds)
1
(Speculative Bonds)
1
(Income pfd Stocks)
1
B-2
3.74
Union
Boston—1
Trust of
100!
1,1951
99.29
Series
Management Fund—1
Investment
Investors
100
tl%s Apr.
10.19
Railroad
11.09
Insurance
100!
1
Sovereign
82c
100.6
100
Ask
Indebtedness—
1
Public
4.91
Shares Lid-
Institutional
100.5
1951.
Scudder, Stevens & Clark
Fund»„_ _10c
Investors
Incorporated
Bank
-
Inc_
Income Foundation
Aviation
lc
1
— -
-
lc
_
-
_
—
Fund
Plan
Howe
—
shares
1950.
1,
July
7.31
1
Series
Railroad
3.98
4.76
5.09
stock
6.69
Pacific Coast Invest Fund
2.78
3.62
lc
Equipment shares
Railroad
4.85
1
of
3.32
1
Series
Oils
8.66
—lc
Railroad Bond Shares—
RR
1
3.04
Metals
5.49
7.90
1,
l'As
Eid
Maturity—
Certificates
Treasury Notes—
7.46
Machinery
—
shares
Petroleum
100.6
4.81
Merchandising
9.11
.
„
102.2
100.2
-
Price
Ask
7.20
6.83
4.40
Series
Insurance
6.56
shares
1957-1955
1,
1
Electrical
9.69
Priced
6.59
Diversified
9.90
Low
1
1
Diversified Industry
1
Diversified Investment Fund.l
7.94
9.43
8.84
lc
Dollar
Bid
Maturity—
7.60
Corporate bond series
8.47
bond shares- —lc
Institutional
119%
10.70
6.95
Chemical
8.07
Investing Company shares—lc
Industrial Machinery shares
9.98
Building supply
5.65
7.73
Oct
100.2
Bank
11.36
7.36
1%S
99.28
101.28
_
Aviation
7.42
10.37
1955 1953
Automobile
7.02
5.15
shares
Fully administered shares-
1,
-
Agriculture
8.65
6.77
1953-1951
Feb.
100.5
118%
1961
3s
t
6.89
7.91
—
Equipment shares.lc
Electrical
6.40
6.28
shares
15.34
York Stocks Inc—
7.83
Aviation shares
Building
14.28
1
England Fund
Group
—
99.26
U. S. Geriificales of Indebtedness
l'As Oct.
Series
New
5.58
lc
—
Securities—
Agricultural shares
16.67
1
Series
Stock
Low Priced
58.54
Corp.
15.08
1
Industrial Stock
18.40
1
Fund
Capital
15.55
Canal
1%S April
Stock Series
17.13
—
14.31
100.2
Panama
1,
2%s
Central Bank for Cooperatives-
14.24
Series—
New
lc
series
Ask
99.22
-
100.3
31.38
13.17
1
Series
Speculative
6.70
Bid
1952-1950
4.61
Securities—
Fund
Preferred
29.03
1
Boston Inc
of
Selected Group
6.12
1,
Issues
8.21
Inc.l
Investors Corp
Income
6.05
May
4.62
7.49
1
Fund
Priced Bond
Low
4.19
interest..!
2nd
National Security
Bond series
2.20
Investors Inc.
stock
Fund
National
33%
5.98
Industries
General
2.00
31%
Investors
Balanced
30.41
point
a
Bonds—
1%S Jan.
Other
Trust—
beneficial
of
4.18
lc
Investors
Nation-Wide
Inc—
stock series——
Fundamental
General
1
Trust Fund—
lc
10c
Fund Inc
Bond
Mutual Invest Fund Inc
4.35
28.13
shares
shares
Mutual
20.17
4.13
5
Franklin Custodian Funds
Gas
18.87
:
Industrial
Boston
First Mutual
Common
1
Inc
Fidelity Fund Inc
Preferred
29.97
—
Fund
Financial
28.03
:
Fund
Stock
First
1
20C
Balanced Fund
Equity
15.63
16.90
4.300
4,450
xl36
141
5.89
6.40
14.53
15.98
1.59
1.75
shares
Paper
Ctfs
Century Shares Trust-
Metals
Non-Ferrous
Mass
shares__lc
Furnishings shares
10c
Inc
1%S
Bank
4.44
Industries
Fund Inc
Fund
Bowling Green
100.3
100!
1951
15,
Federal Land
Ask
3.42
lc
100!
1950
15,
3.72
lc
Bid
*
3.87
General
3
102.80
23.57
1.35s Sept.
l%s Feb.
3.51
3.87
Broad Street Invest Corp
Boston
49.30
lc
shares
Business
98.69
21.80
Corp
of America
Tr
Inv
Federal Home Loan Banks—
33.90
48.31
Figures after decimal represent one or more 32nds of
Ask
Equipment shares.lc
Electrical Eqiupment shares.lc
Automobile
1
*
1
Bond
Bid
Managed Funds—
Home
Blair Holdings
Par
Loomis
8.81
16.97
6%
1
Corp
Mutual Funds—
4.29
1
5
Fund Inc
Fund B
Axe-Houghton
Axe-Houghton
34'A
10
Corp
Business Shares
American
Ask
1
Securities
Aeronautical
Bid
Par
Mutual Funds—
Odd lot sale
Included
in
change.
n
•No par
value,
tin default.
tThese bonds are subject to all Federal taxes.
Volume
171
Number 4891
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1181)
THE COURSE OF BANK CLEARINGS
j
Bank clearings this week
will
show
decrease
a
compared
1950
$
with
a
year
Preliminary figures compiled by
us based upon telegraphic advices from
cities of the
country, indicate that for the week ended
the
ago.
Third
chief
total stands at
$14,860,639,454 against $15,531,369,351 for the
is
loss
a
for
the
week
ended
1949.
Our
comparative
Telegraph
New York
1949
$7,795,018,804
Chicago
•
$8,000,909,058
Fourth
2.6
—
618,693,651
+26.2
964.000,000
959,000,000
+
0.5
484,413,126
487,865,776
—
0.7
283,385,122
295,800,000
313,200,000
—
337,030,000
—
4.6
6.3
—
324,288,268
360,137,885
360,602,655
—
All
cities,
229,796,951
—
Total
$11,950,621,098
2,449.080,245
2,780,580,735
1.2
—
West
—11.9
$14,253,392,679 $14,731,201,833
607,246,775
—
800,167,518
$14,860,639,454
$15,531,369,351
ends
details for the week covered
issue of next week.
our
We
cannot
furnish
Saturday and the Saturday figures
Accordingly, in the
3.2
we
able
are
to
give final
ending March 11.
For
and
that
week
—
1
bank
week in
same
clearings at this
1949.
center
was
amounted
according to the Federal Reserve Districts
it appears that in
in
the
going to
press.
of
below
the
—
which they
are
We
we
furnish
a
totals show
a
Federal
SUMMARY
Week Ended March 11—
.12
York
New
Philadelphia
4th
Cleveland
_
Atlanta
11th
a
722.266,306
742.973,892
to
City
...
_
—
Total
;—
Outside New
York
or
1948
2,755,038
11,445,000
102,520,868
3,662,322
185,399,621
70,439.572
385,929,919
%
$
2.0
Seventh
624,935,286
Federal
Reserve
4.1
3,660,768
+ 10.1
+ 17.1
201,989,554
65,931,392
+
7.5
388,302,670
373,358,020
+
4.9
+
0.2
—
1,272,265
Grand Rapids
9,512,794
-
Lansing
5,557,176
0.9
5.3
—
+ 13.7
16,086,826
61,090,513
200,900,000
3,634,964
3,420,192
84,768,343
87,381,173
7,000,572
.
+ 10.3
88,681,538
—10.8
6,403,093
434,783
+ 12.8
513,553,878
+
3.9
7,230,490,624
7,169,159,200
+
2.0
872,623,351
891,906,479
2.8
766,777,256
758,984,893
414,923,420
385,929.919
+
7.5
388,302,670
624,935,286
619,712,401
+
0.8
570,738,986
592,182,513
882,334,305
+
5.8
944,768,181
"
445,057,695
+
1.4
452,472,047
426,121,779
355,548,841
341,266,669
+
4.2
326,318,096
.10
"
340,879,347
445,119,206
462,307,008
3.7
436,806,993
442,291,105
261,178,487
235,163,890
6
"
"
112 cities
297,537,597
.
273,125,520
' 8.9
+
705,025,074
687,706,232
+
2.5
704,997,965
664,361,538
13,076,833,419
12,676,121,818
+
3.2
13,441,032,529
13,331,381,335
6,541,184,008
6,434,338,130
1.7
+
6,459,337,648
statement
showing the figures for
each
6,554,289
413,529
104,806,546
113,181,037
619,712,401
+
0.8
570,738,986
592,182,513
1,229,717
9,227,167
+
+
3,658,941
——
t
-2.
*
29,141,890
City
12,628,814
Illinois—Bloomington
1,359,390
Chicago—.
721,962,541
3,342,387
4,978,301
0.1
5,817,027
48,728,000
5,980,197
—
9.3
+
+
9.9
+
0.9
+
8.2
29,115,533
—12.2
14,160,402
1,088,565
731,295,236
+ 29.0
6.5
+
3,395,924
933,177,186
0,2
5,329,846
5,359,296
—
1,053,644
677,837,504
3,187,273
1,137,794
9,726,547
6,527,490
—
2,779,963
11,241,152
4,953,273
882,334,305
9,180,799
1,555,724
10,118,010
+ 10.2
2,819,641
57,385,434
3,528,034
26,925,002
14,378,808
3.5
3.1
+ 25.9
6,667,763
63,045,915
—
Des Moines
64,131,406
3,839,486
48,413,000
4,985,845
t
59,961,735
4,000,385
27,895,392
15,207,731
1,113,021
719,353,445
+ 20.2
2,814,972
—18.3
2,844,404
11,292,643
10,455,496
4,422,698
+
0.5
4,998,724
6.1
3,212,058
944,768,181
923,418,693
1.6
+
3,304,766
5.8
—
Eighth Federal Reserve District—St. Louis—
Missouri—St.
Louis
248,000,000
115,945,233
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
Total (4
244,200,000
85,341,017
111,912,363
87,199,872
1,877,720
+
249,100,000
115,465,508
233,600,000
2.1
85,794,284
7.6
74,073,164
+
2,112,255
1,743,674
+
1.4
452,472,047
426,121,779
+ 18.1
1,745,460
451,163,970
cities)
Ninth
Federal Reserve
445,057,695
3.6
+
—
5,688,666
4,817,417
232,667,678
78,595,792
7,663,931
5,032,833
224,306,110
0.2
5,762,399
237,917,402
6,758,332
78,543,067
77,782,725
—11.8
1,974,008
3,323,924
—40.6
3,350,599
4,982,960
3,108,657
3,714,032
10,483,895
9.8
8,758,336
3,306,980
355,548,841
Minneapolis
341,266,669
250,579,749
St. Paul
North
116,704,941
District—Minneapolis—
Minnesota—Duluth
78,439,151
—.
Dakota—Fargo
South Dakota—Aberdeen
—
Montana—Billings
Helena.
6,409,329,328
Total (7 cities)
detailed
our
85,138,100
886,971
9.8
923,418,693
451,163,970
.
81,984,061
+
2,556,113
Wisconsin—Milwaukee
373,358,020
—
17,193,910
53,447,714
226,200,000
4,516,348
3,553,525
132,830,850
7,349,348
Indianapolis
Terre Haute
Iowa—Cedar Raoids—-
—14.8
4,414,908
5,166,371
49,330,000
5,157,239
South Bend
Sioux
4,340,716
3,478,265
07,220,744
49,286,000
Indiana—Fort Wayne
*
15,206,539
66,018,759
215,800,000
District—Chicago—
Michigan—Ann Arbor
-
2,289,706
10,074,000
100,541,528
3,323,714
190,236,944;
66,892,1281
—
$
485,557,873
—
9.8
+
—
'
119,798,693
1947
"
City..
add
now
—16.9
—
2,879,098
11,075,000
112,474,306
490,360
Rockford
7
.10
_
758,984,893
6,247,052
Peoria—
933,177,186
"
766,777,256
99,174,585
96,347,297
Total CIO cities)
its
.4
.
.
Francisco
We
"
6,487,085
261,681,093
2.8
3,696,295
3,295,048
Louisiana—New Orleans
gain of 7.5% and
4.8
859,805,478
....
__
6,495.682,667
"
.17
Dallas
12th San
6,746,819,942
7
.10
Minneapolis
10th Kansas
Dec.
480,220,032
.
.
8th St. Louis
S
503,260,082
8 7G,996,509
7th Chicago
9th
Inc.
"
6
306,113,674
742,973,892
15,952,547
Total (17 cities)
1949
.11
.
5,712,995
6.1
CLEARINGS
.
_
28,023,000
3,778,583
4,583,451
271,579,637
66,133,40.9
213,800,000
—
Chicago Reserve District has
.
—
5th Richmond
6th
cities
.12
...
3rd
BANK
$
1st Boston
2nd
OF
1950
Reserve Districts
23,556,100
3.7
Reserve District—Atlanta—
Springfield—
Federal
0.9
6,466,811
1.0
414,923,420
Mississippi—Vicksburg.
loss
by Federal Reserve Districts:
summary
160,768,981
291,779,340
4,735,333
82,489,367
Decatur
following
6,634,293
158,111,593
256,065,150
2.0
6,379,817
204,180,131
Co'umbia—Washington—
the cities
group
increase of 5.8%, the St. Louis
Reserve District of 1.4% and the
Minneapolis
Reserve District of 4.2%.
In the Kansas City Reserve District
the totals are smaller
by 3.7%, but in the Dallas Reserve District the
totals are larger by 8.9% and in the
San Francisco Reserve
District by 2.5%.
the
891,906,479
2.4
3,513,035
Mobile
an
In
6,606,201
872,623.351
5.4
2,391,831
Macon
located and from this
the
The
6,167,138
2.0
+
0.6
7,380,983
12,163 000
Florida—Jacksonville,
week
to
in
0.8%.
859,805.478
110,186',056
Tennessee—Knoxville
3.2%, the aggregate of
2.8%, but in the Richmond Reserve District the
totals register
of
—
District—Richmond—
Alabama—Birmingham
of
credit
Reserve
Augusta
present further
we
District the
District
4
6,092 ,253
722,266,306
Georgia—Atlanta
the New York
Reserve
7.877,605
8,128 .090
4,835,723
254,943,797
(6 cities)
Sixth
week
as
District (including this
city) the totals record an
improvement of 3.9%, in the Boston Reserve District
of 4.8% and in the
Philadelphia7
Reserve District of 2.0%.
In the Cleveland Reserve
Atlanta
21.5
4,848,999
7,712.325
6,446,324
Nashville
gain of 4.7%.
a
3,096,750
appear
$13,076,833,419 against $12,676,—:
this city there was a gain of
1.7% the
having recorded
7.1
155,337,647
266,697,475
30,863,000
Virginia—Huntington
'
has to be estimated.
cases
increase
an
Outside of
2,390,510
+
30,596,800
4,560,778
4.3
1
..
today, inasmuch
however, which
there
3,669 ,962
2,893,709
6,980,243
Carolina—Charleston..
Maryland—Baltimore
—24.1
complete results of the week previous
clearings for the whole country having
121,818 in the
them
above the last day of the week in all
In the elaborate detailed
statement,
\
3.6
District—Cleveland—
South
by the foregoing will
not available at time of
are
+
158,363,990
260,374,374
Federal
Total
1
n
exact
Reserve
(7 cities)
District of
,,
Complete and
in
Federal
Richmond
Total all cities for week
4.656,132
2,439..082
876,996,509
Virginia—Norfolk
:rt
»
4.3
4.3
$11,804,312,434
day;
one
cities)
Youngstown
Fifth
cities, five days
3,262.042
8.9
+
6,055,384
2.1
219,825,314
Total all
2,498,916
I
4,245,,798
9,874,007
Mansfield
—10.0
353,056,542
cities, five days
839,000,000
+
814,131
2,614 605
3,931,237
Pennsylvania—Pittsburgh
Cleveland-
days
1.7
3.137,552
856,000,000
2,846,738
Cleveland
5.6
321,657,000
Baltimore
1,058,984
3,121,170
1.240,012
2,526,713
Cincinnati
St. Louis
Pittsburgh
1,114,800
4,426,478
Columbus
265 496,629
San Francisco
1,188,735
827,000, 000
Ohio—Canton
BostonKansas City
(11
1.008,396
2.9
—
%
780,756,751
Philadelphia
Other
—
Jersey—Trenton
Total
1950
$
14.4
2,684, 751
Delaware—Wilmington
Week Ended March 18—
Ten cities five
3,124,547
841,000,000
York
New
1947
+ 16.4
991, 454
Wilkes-Barre
Friday of 2.6%.
$
+ 55.1
—
846, 350
963,121
Scranton
At
1948
Doc. %
1,093, 127
1,312',936
"
Our preliminary
summary for the week follows:
Clearings—Return by
935 34s
PhiladelphiaReading
in
$
41
District—Philadelphia—
Lancaster
week
same
Reserve
Chester
weekly clearings
year.
this center there
Federal
Pennsylvania—Altoona
Bethlehem—.—
Saturday, March 18, clearings
for all cities of the
United States for which it is
possible to obtain
will be 4.3% below
those of the
corresponding week last
Week Ended March 11
1949
Inc. or
—,
—
+
—
7.7
—16.5
7,037,489
5,443,130
3,364,124
3,066,758
7,542,809
4.2
326,318,096
340,879,347
—
+
city for the
week ended March 11 for four years:
Tenth
Week End(Bd March 11
Nebraska—Fremont
1950
First Federal
Reserve
Inc.
$
Dec.
District—Boston-
Maine—Bangor-
i_
1,583,786
3,790,213
Massachusetts—Boston
4,608,853
.
Worcester
1,748,207
4,893,350
_.
Connecticut—Hartford—
_
_
401,517,543
431,427,032
1,529,284
"+B6.6
1,805,243
1,781,694
825,706
+>'2.0
818,971
675,763
+ 15.6
1,879,180
1,873,822
1,595,164
8,051,526
7,354,869
+<->9.5
7,001,944
+ 10.2
5,729,437
5,005,943
25,515,841
—^^4.6
23,303,264
22696,897
_
9,459,941
23,679,500
Rhode Island—Providence
22,760,200
1,242,994
1,273,575
503,260,082
'
480,220,032
-
28.8
9,775,728
9.810,453
++•4
25,800,400
25,739,400
+
York—Albany
14,266,516
...
Buffalo
_
_
New York
2,695,354
70,015,000
1,541,588
_
1,524,185
1,894,210
6,535,649,411
6,241,783,688
16,992,897
_
1
Syracuse..
17,524,433
13,332,690
Connecticut—Stamford
11,214,612
13,312,274
Newark
Northern New Jersey
„
11,233,462
677,716
710,396
37,416,598
New Jersey—Montclair
Total (12 cities)
53,922,342
2,433,171
1,282,309
—
+
1,284,606
1,459,737
'
,4.8
485,557,873
513,553,878
38.989,758
—73.5
37,523,497
34,703,566
9.7
2,556,830
2,447,823
7.5
76,649,332
*8,900,787
^45.9
1,467,135
1,547,768
—
—
—18.6
2,124,400
2,029,231
+ "4.7
6,981,694,881
6,922,052,007
3.0
19,115,581
—
+ 18.9
18,876,184
11,943,462
10,650.905
+ 18.5
9,232,207
9,930,314
4.6
620,521
300,272,055
10,362,279
10,245,493
6,766,919
2,368,415
Total (10 cities)
1
;
•
.
'
2,450,300
2,072,840
Pueblo
2,132,340
445,119,206
—34.6
626.151
6,672,047
0.1
116,262,146
+ 37.0
5,206,226
11,035,595
282,350,310
—
—
—
—
'
"
1.0
6.3
377,075
512,945
7,634,368
122,473,041
5,736,347
10,586,008
10,579,141
281,196,791
10,212,623
2,8
1,936,099
1,726,128
2,090,708
3.7
436,806,993
442,291,105
+ 24.8
7,130,707
213,294,000
22,301,811
6,622,695
190,710,000
21,252,868
—
462,307,008
"
413.150
0.9
4.3
—
—
—
1.1
3.7,
Eleventh
1,471,199
Federal Reserve District—Dallas-
Texas—Austin
8,828,200
Twelfth
District—Swn
Washington—Seattle
7.0
4,004,219
8,712,385
+ 15.4
3,349,171
2,614,573
+
1.1
9,284,798
9,265,754
297,537,597
Reserve
+
4,621,174
Federal
4.6
5,300,000
8,809,987
Total (6 cities)—
+
5,670,200
Wichita Falls
223,244,617
24,789,999
+
25,938,509
Galveston
7,074,300
243,669,527
Dallas
Fort Worth
273,125,520
+
8.9
261,178,487
235,163,890
7.4
Utah—Salt Lake City
111,199,213
California—Long Beach
Pasadena.
San Francisco
97,912,086
3,071,611
Oregon—Portland
3,604,734
136,123,175
51,110,343
126,524,315
50,272,667
14,529,873
12,278,239
370,119,764
.
3,361,796
7.1
135,489,558
1.6
50,485,362
—
13,463,336
+
7.9
10,305,541
+ 17.2
9,155,654
361,491,086
353,932,256
9,589,824
3,868,286
7,625,557
705,025,074
13,076,833,419
10,518,555
+
—14.8
—
10,476,565
8,110,602
San Jose
—
4.0
37,843,622
37,432,764
44,174,627
_+
2.2
49,719.156
49,907,353
6,746,819,942
6,495,682,667
+
3.9
7,230,490,624
7,169,159,200
Santa Barbara.!
Stockton
Total (10
4,426,589
i.
cities)
Grand Total (112 cities)
Outside New York
♦Estimated.
,\
JNot available.
5,818,000
4,698,000
Francisco—
105,172,859
Yakima
9.1
+
.
4.6
680,498
—
45,140,557
;
12,362,362
281,537,293
'
64,774,215
_
"
—
Elmlra
119,843,179
12,234,114
Wichita
Missouri—Kansas City
St. Joseph
Colorado—Colorado Springs
Louisiana—Shreveport
Federal Reserve District--New York—
Rochester
2.4
—
/''
Total (12 cities)
Jamestown.
119,829,395
9,272,124
Omaha
540,798
6,847,122
7,184,916
4,910,114
24,329,600
New Hampshire—Manchester.
Binghamton
4,206,829
+. 5.4
10,291,839
'
1,691,392
720,654
535,896
6,552,075
Kansas—Topeka
0.4
+
—17.8
5,408.631
...
471,061
Hastings
Lincoln
$
925,036
--
New Haven
1947
398,802,699
1,844,181
Second
$
.
Springfield
New
1948
420,169,811
New Bedford.
'
%
1,936,553
fall River
1
or
-
1,590,198
Portland
Lowell
1949
$
Clearings at—
Federal Reserve District—Kansas
City—
6,541,184,008
+
9.7
+ 14.4
11,142,698
4,176,711
94,423,193
4,108,209
96,296,113
45,565,119
9,764,484
8,351,151
384,324,570
10,564,144
3,889,665
+
6.4
8,190,346
7,074,890
687,706,232
+
2.5
704,997,965
664,361,538
12,676,121,818
6,434,338,130
+
3.2
1.7
13,441,032.529
6,459,337,648
13,331,381,335
+
6,409;329,328
42
COMMERCIAL
THE
(1182)
Monday, March 20,
CHRONICLE
FINANCIAL
&
the
Foreign Exchange Rates
requirements of Section 522 of the
Pursuant to the
give below a record for the
We
transfers on the different countries of the world.
CERTIFIED BY FEDERAL RESERVE
10.
MARCH
TO MARCH
1950
Aroostook
ref.
Date
E.)
Coal Co.,
5'A%
Co.,
&
bonds,
1st mtgc. 5%
States
Mar.
"A"
Preferential
"3"
n
_
—:
.174562*
.297778*
.297773*
franc
___
.206949*
.206949*
.296940*
.174562*
.174562*
.174532*
.138958*
.138953*
.138958*
.138953*
2.231573
2.231573
2.231573
2.231573
C'.o.ied
2.231573
.0200000
.C544060
pound
.297778*
.174562*
.138958"
Belgium,
u>
.297778*
.206949*
Special
Brazil, cruzeiro
.
$
S
.206949*
.297778*
____
Australia,
4.
Mar. 16
15
Mar.
Mar. 14
13
-5
«i>
$
$
Argentina, peso—
Preferential
.0200125
.0200071
.0200125
.0544060
.0544060
.0544C60
.0544.63
.909090
.909090
.909090
.909090
.901875
.902031
.903125
.903750
.208500
.203500
.203500
.208500
.0200600
.909090
.902500
Official
Ceylon,
rupee
Czechoslovakia,
.0200600
.144938*
.0028625
.208700
.115700
.262700
2.772896
.140154*
.496125
.0345964
.327125
.193329*
.232775
2.783750
2.300781
.658327*1
.561797* t
.425531*t
koruna
L
krone
Oenmark.
.208500
1—
—
(Metropolitan), franc
France
.0200600
.0200600
.0200603
India, Dominion of, rupee
_
Mexico, peso
Netherlands, guilder
New Zealand,
.
pound
krone
Philippine Islands, peso
Portugal, escudo
Straits Settlements, dollar
Norway,
krona
Sweden,
Switzerland,
franc
Union of South Africa, pound
:
Kingdom, pound sterling
United
Uruguay,
peso
Uruguay,
peso
Uruguay,
peso
.
_
.144938*
.144938*
.144938*
.144938*
.0028625
.0028625
.0028625
.0028625
.208700
.208700
.208700
.208700
.115700
.115700
.115700
.115700
.262733
.262755
.262737
.L62722
2.772896
Closed
2.77289G
2.772896
2.772896
.140154*
.140154*
.140154*
.496125
.496125
.496125
.496125
*140154*
.0345821
.0345964
.0345964
Cambridge Electric
25-year 2Vs'/i
Celanese
preferred
554
Mar 27
657
due 1956.Mar 24
1049
stock
income bonds,
Corp.
.327125
.327291
.327291
.193329*
.193329*
.193329*
.193329*
.232908
.232925
.232758
.232750
of
1st
bonds,
Inc..
2.783750
2.783750
2.783750
2.800664
2.800742
2.800703
2.800703
.658327*+
.658327*+
.658327*+
.658327*+
.561797*1
,561797*t
.561797*+
.561797* +
.425531* t
.425531*+
.425531*+
.425531*+
debentures,
3 Va %
bonds,
Oil Corp.,
National
Vulcanized
&
Indiana
and gen.
St.
1
1
*
stock.Apr
1
949
Apr
1
*
Apr
1
949
1
14
951
1964.Apr
1
1050
1960.__Apr
1
preferred
1960
due
„
due
Co.,
1970.
debs., due 1962.Apr
due I960—. Apr
4'A %
debs.,
%
4
& Navigation Co.—
RR.
4'A%
3%
series A.
bonds,
'
due
.Apr
1
952
1
1
981
987
2%%
mortgage
1st
1st
United
Gas
bonds,
pipe
1970.*
due
Transmission
Gat
mortgage
.
Co.—
line
<'•
Corp.—
mtge.
Corp.,
trust
1st
3'A%
234%
bds.,
1967.Apr
1
*
1
988
Pag*
1
945
Apr
1
15
944
946
Apr
1
655
Apr.
1
1
750
947
1
104T
1
*
1
1043
,4
,
v
due
set.,
bonds,
mortgage
I960—Apr
Date
collat
and
due
tApplication depends upon type of merchandise.
♦Nominal.
ENTIRE
ISSUE
CALLED
Company and Issue—
Holdings of Treasury certificates
of indebtedness decreased $162,000,000 at all reporting
member banks, of which $67,000,000 was in the San
Francisco District. Holdings of Treasury notes increased
porting member banks.
Statement of Condition of the 12 Federal
Reserve Banks Combined
decrease ( —)
1949
fund
notes
F.
R.
536,426
_______
and
__
_
Certificates
_
U.
Total
loans
S.
1.379.200
+
116.700
securities..
and
of
1.747
banks
items
assets
of the other
districts.
deposits decreased in ali
1,038.150
credited to domestic
deposits
districts.
Demand
increased
in all districts.
A
16
127
+"•
15.075
—
8 508
—
—
New York City.
assets
44,715,809
612.725
+
Inc. ( + )
Mar. 8,
31.237
22,913,323
Member
S.
bank—reserve
Treasurer
acct.
Foreign
879.703
_
Total
513.422
423.768
18.034
—
435,695
__
120.396
—
49.276
18.095,739
deposits
availability
Deferred
Other
9.224
___
Other
+'
—:
16,771,167
acct.
gen.
—
2.806.191
items
liab., incl. accrued
+
12.014
divs.
■
737.944
597
+
—
535,969
43.827.322
+ •'
607.973
—3,164 916
—
Mar. 1,
4—
139.914
Loans
51.743
—3.658.997
—
(Section
Surplus
7).
(Section
Surplus
capital
_
+
21.462
25,046
+
44.715.809
.' +
4.577
612.725
S.
U.
of
Government
—4.191,936
gold certificate re¬
deposit and F. R.
note
liabilities combined
56.3%
+
0.1%
Commitments
trial
to
5.3%
+
Cash
7.399
make
324
2,913
+
indus¬
—
with
Demand
10
1.089
_
1,498
—
Condition Statement of Member Banks
following
ended March 8:
principal changes for the week
Decreases of $248,000,000 in loans, $311,-
<100,000 in holdings of United States Government secu¬
rities, $215,000,000 in demand deposits adjusted, $351,000.000 in United States Government deposits and $288,-
in
<100,000
in demand
borrowings, and an increase of $306,000,000
deposits credited to domestic banks.
Houston
1st
in the
industrial,
in
$33,000,000
and
New
agricultural
York
City
and
loans
112
64
—
—
44-
4
423
M<ine
with domestic banks
137
428
' 4,422
4—
,
+
—„
4-
1
6
9
53
11
—
—
4—
+
55
9
336
29
660
+
3,257
—
+
188
162*
70"
—
31
—
59
151
3,673
206
+
11
+
—
46
—
1.033
2,138
4-
55
—-
22
+
67
+
—
2,024
4,909
4,699
24,831
—
46,711
deposits adjusted
—
311
—
+
102
Government
deposits
-—-—
+
+
639
303
341
+
29
»—
351
9,327
4+
306
+
63~
35
288
—
137
6
1.281
218
—r
demand
interbank
and
deposit accounts, except
U.
S.
Govt,
accounts,
during week
1
figures
revised
York
Public
decreased $107,000,000 in
total of $188,000,000 at
all re¬
360
■
-
bds., ser.
4%
convertible
Service
5%
due
A,
„Mar 31
Service
series
A
Mar 31
7
1043
1
Apr
950
Corp.—
bonds,
of
Co.
949
1043-
1961.Apr
stock....
preferred
*
Apr 15
1978
due
series,
mtge.
May
1
951
Apr
series
1
952
preferred stock.Apr 24
952
A
....
Colorado,
4.40%
Ward
Baking Co.—
5Va% 25-year debentures
(subordinated),
due
933
1
1970—Apr
in
this
Issue.
The dividend
payments shown below were announced
during the current week.
Per
Share
Name of Company
Inc.
Fund,
Alabama
Mi'g.
Co..
Power
(irreg.l
4.207/
Super Markets,
Alus-Chalmers
Air
American
—
+
(Chicago
Mig.
pfd.
Inc.,
Redemption Galls and Sinking Fund
common
Filter
Co.,
deferred
25c
the
(quar.1
:
....
further
for
of
5
3-2+
4-
1
4-
1
50c
18 %c
3-31
3-17
3-22:
3-
the
Inc.,
4-
5
3-
10c
4-10
25c
3-21
3-23.
considera¬
dividend
a
and
common
4-
Inc.—
declaration
the
tion
3-20-
SI.05
preferred
Directors
3-30
1
on
I preferred
common
7%
stocks.
Dairies.
Extra
7%
Electric
3-27
4-10
3-17
4-
3
3-27
25c
4-
1
3-17
30c
4-
1
3-15.
4-15
3-31
Corp.—
preferred
Hardware
American
Molasses
Screw
States
(accum.)
Co
Insurance
$1.20
American
First
3-31
10c
...
Securities
participating
(quar.)'—;
(quar.)
Co.
*
I
...
preferred
Co.
(Indianap¬
(quar.)
Superpower.
payment
Anchor
3-2+
10c
25c
(quar.)
American
olis)
3-13
3-31
.
preferred
American
30c
3-13:
3-15
$1.75
(quar.)
3-15
50c
American
pref.
£6
$1
(accum. 1
this issue since 1932.
on
Hocking Glass—
(increased
quar.)
60c
•
$4
$1
preferred (quar.)—
Anglo-Canadian Telephone
4'A%
preferred
Co.
156'Ac
Corp.
Co.
Western
Gas
Artkraft Mfg., 3% conv. preferred
6% conv. preferred (quar.)
__
preferred
(quar.)
Corporation
Co.
4-11
3-L>
1
7-
1
10-
(increased
7% preferred
Manufacturing Co
6-15
1
9-15
7'Ac
1-2-51
12-15.
25c
;
Plan,
3-17
3-15
4-
4-
7'Ac
___
(quar.)
Investment
Thrift
1
3-31
3-31
7'Ac
(quar.)
(quar.)
preferred
5-
22'Ac
7:Ac
_
conv.
5.
3-2T
5c
(quar.)
(quar.)_
conv.
4-
1
■
(quar.)
Angostura-Wuppermann
4-15
4-
$1
quar.)
17'Ac
(quar.)
15c
1
3-21
3-31
3-17
1
3-15-
4-
3-31
Welt Co.
3-18.
12'Ac
(quar.)
Exira
Porcelain
Steel
4-
+
3-2+
25c
Backstay
4-
4
3-2+
3-1+
Corp.—
4-
1
83ic
stocks called for redemption,
7%
Bank
conv.
of
preferred
New
York
number gives the location in
I.
(quar.)
&
Fifth
Avenue
7-
1
6-15
S3Ac
l'O-
1
9-12:
Bank-
Quarterly
Barker
;
Brothers
provisions.
redemption or last date for mak¬
ing tenders, and the page
pfd.
3-16
4-20
4-
8'Ac
of corporate bonds, notes,
called under sinking fund
The date indicates the
Holder%
1
4-
$1.50
(initial quar.)
1
American Box
Board
Co. (irreg.)
American Car & Foundry Co.—
5%
Notices
Below will be found a list
fthcn
:Payable of Rec.
834c
(ouar.)_
37/
tauar.)
G%
District).
6c
,
Arkansas
(Revised figure pre20,492 vious week 24.138) |
50c
(quar.>__
Co., class A (quar.)
Corp.
(quar.)—,
Bearing
Ainswoith
(Hartford)
Co.
Insurance
Aetna
Atlas
and
bills
1914
Worts, Ltd., and Hiram
2%% debs., due 1956. May
1st preferred stock...:
Co., preference stock,
mortgage
Axelson
those
1st
Water
Associates
preferred
a
dated
&
Pennsylvania Power & Light Co.—
3%
s.
f. debentures, due
1965
Arundel
de¬
$36,000,000.
1966-May
20-year
6%
"March
including
City and
bonds,
bonds, 3'!,
Co.,
$6
Common
banks
Foreign banks
to
215
demand deposits:
Domestic
Debits
—
2,071
15,434
deposits, except Government
S.
Philadelphia District; the net decrease at all reporting
York
\
Chemical
Monsanto
American
member banks
Holdings of Treasury
_.Jun
3'A '/<, due
G
Co.—
Inc.,
Co., .4% %
Maytag Co.,
New
1936.!
dated
Lighting & Power Co.—
Electric
Albers
$9,000,000
Chicago District, and increased $9,000,000 in the
was
Sons.
mortgage
Iowa
bonds,
mtge. bonds ser.
mortgage
&
Baltimore
Commercial,
creased
income
ref.
Walker-Gooderham
Walker
Affiliated
2,173
.
Borrowings
statement of weekly
reporting member
banks of the Federal Reserve System in leading cities
the
1st
Hiram
.May
1963__
CO.—
and
Bastings Square Hotel
6 7/
1,
'
763
Federal Reserve Banks
vault
in
Interbank
shows
1,303
Liabilities—
U.
condition
Edison
Nov.
American
Time
The
25
—
5,327
securities
Balance
__
loans
+
36
for foreign
purchased
correspondents
250
12,058
of indebtedness—
U. S. bonds
Reserve
Contingent liability on accept¬
ances
—
—
36,463
securities—Total
bills
certificates
Treasury notes
to
serves,
53
4,481
Treasury
Other
ftatlo
4,237
'249
loans
Treasury
27,543
157,900
Total liabilities & cap. accts.
——
banks
to
+
—
10,642
+
—
loans.
estate
543
248
501
852
obligations.
securities
Other
—4,249.086
+
488.173
_
13b i_
accounts
due
1958
Inc.—
Apartments,
mortgage
Ahlberg
Government
S.
—
—
pur¬
for purchasing or carrying:
obligations
loans
Other
654
for
dealers
securities
Other
53.466
—
and
brokers
to
chasing or carrying:
U. S. Government
Other
Other
debentures,
1,
DIVIDENDS
13.793
Loans
170
r
gold
April
1949
and agricultural
loans
G
214,371
in
5*4
due
Mar. 9,
1950
24,863
industrial,
Commercial,
Capital Accounts—
paid
debentures,
Delaware
income bonds, due 2019
Co.—
gold
•Announcement
66,283
_—
Loans—gross
582,247
Real
Capital
or
24,493
Investments—Total.
Loans—net
U.
Total liabilities
4Va%
mortgage
Service
5%
(In millions of dollars)
J
Deposits:
U.
General
2nd
stock
Rock Island & Pacific RR.—
Chicago,
—4.191,936
Loans and
notes
Cordage
May
Dec. (—) Since
2,291
42,214
Liabilities—
Reserve
Brantford
bonds, series C
Co.. Ltd., 1st preferred
5%
Apr
Canada—
of
Co.
mortgage
stock.
preferred
7%
Co.,
member banks follows:
Assets—
Federal
reporting
of the assets and liabilities of
summary
72.439
+
—
banks
o.
1950
Total
Telephone
1st
1st
Borrowings decreased $248,000,000 in
939
York
New
in
Time deposits increased $29,000,-
United States Government
000.
—4.065.323
+.'
34.381
107.168
__
land
—3,708 693
709,434
$142,000,000 in
Chicago, and $25,000 000 in the Cleve¬
District, and increased by smaller amounts in all
—2,972.400
+
3,205.168
_v
$77,000,000
Creosoting
General
540 719
—
108.962
__
__
__
1,233,729
—
+
District,
70,341
—
33
banks
—
decreased
54.700
17,864.787
other
Beli
Detroit
City.
City, $38,000,000 in
„
358.372
+
adjusted
deposits
Francisco
San
Cleveland District and
183.300
—
17,791.174
premises
Other
103.000
securities.
Govt,
foreign
notes
Uncollected
Bank
4.
6.615,300
Total
91,1C0
—
5.943.050
—
_
from
32
-1-
3,853,024
_
Bonds
R
50.291
16.173
2.499
_
Notes
F
44.654
■v
V-
securities:
Govt,
Bills
Due
+
6.586
18.495
%
71,114
——
77,347
—
the
293,454
_
advances
loans
Industrial
1.495
—
23.101.856
gold ctf. reserves
cash
Discounts
U. S.
for
122.001
+
Demand
~.
Total
17.030
22.565.430
Government
States
of $22,000,000 in New York
increase
an
certificates
of $30,000,000 in the
decrease
a
i
t
$
United
of
$31,000,000; the principal changes were
bonds decreased
Mar. 16,
1950
1950
Assets—
since
Mar. 8.
15,
Holdings
$70,000,000.
Increase ( + ) or
Mar.
American
Clues
dollars)
thousands of
(in
Other
951,
952""
Mar 31
stock
preferred
bonds. 3% series, due 1967..Apr
mortgage pipe line bonds, 2%% series, due 1966_.Apr
1st
Tennessee
1st
Redemption
*
•
.
inc. bonds, series A, due
>
Joseph Light & Power Co.—
York
G-old
101
Apr
1965.Apr
Inc.—
15-yr.
Fibre
mtge. 5%
Co.,
1042
Transit, Inc.—
Refunding mortgage
Milk
94S
1
Co.—
Co.,
Gas
Pet
1
Apr
1979
C
and
B
A,
convertible
£2.50
fund
mortgage
due
series "A" bonds, due
Water
&
3 %,
R
Co.
series
3rA ">
mtge.
National
1st
1042
Co.—
Power
sinking
Northern
*
1
1965__Apr
due
debentures,
series
Terminals
Union
Gas
3%
America,
Harris-Seybold-Potter
3%%
1
Apr
Co.—
Goldblatt Bros.,
Indiana
*.
*
Co.—
bonds,
and gen,
1st
Pag#
Apr 15
Apr 15
_•
series A, due 1974
mtge
mortgage
Connecticut
Light
Oregon-Washington
2.783750
1962
I960...
clue
clue
Power
gen.
Cleveland
.
REDEMPTION
Date
notes,
Maine
and
1st
.0345357
.327125
Closed
12
Co.—
debentures,
debentures,
3%
3 %
25-year
1st
Free
—Apr
1961
Ampal-American Palestine Trading Corp.—
10-year 3% sinking fund debentures, due 1958.—.—.Apr
Central
.0200125
dollar—
Canada,
Tobacco
American
Money-
20-year
Mar. 11
Mar. 10
Basic
United
in
Value
due
Company and Issue—
Buying Rate for Cable Transfers In New York
Noon
and Monetary Unit
Paga
r
4'A%
PARTIAL
Country
TENDER
OF
RR.—
mortgage
(Walter
Morion
1950, INCLUSIVE
Valley
and
in which
in the "Chronicle."
NOTICES
Heller
BANK TO TREASURY UNDER TARIFF ACT OF 1930
16,
(except where indicated)
Company and Issue—
1st
week just passed:
RATES
EXCHANGE
FOREIGN
daily
Tariff Act of 1930, the Federal Reserve Bank certifies
the buying rate for cable
Secretary of the Treasury
to the
volume
current
the details were given
1950
Corp.,
common
(quar.)
$3.50
5Gc
56'Ac
Beaton
&
Cad well
Bendix Home
Bicki'ord's,
Mfg.
(quar.).
Appliances, Ine
Inc.
(quar.)__j
50c
1
3-2+
3-31
3-23.
1
3-23.
4-
4-
3-17
3-
9
25 c
4-
5
3-21,
30c
4-
1
3-2+
Volume 171 ; Number' 4891
THE
Per
Name of Company
Binks
Machine
"•
■
Manufacturing
Bird
Co.
Share
(quar.)_____-
5%
(Philadelphia),
preferred
Bon
Ami
Class
—
Storage Warehouse (quar.)
Botany Mills, 5% preferred (quar.)
4%
A
4- 1
(increased i—
Fairbanks-Morse, 6%
pfd.
15c
$1
3-24
5-15
1
4-
75c
1 '
1
3-20
4-
1
3-20
37 %c
4-1
3-20
433Ac
37%c
■
-
...
3-31
3-15
3-31
this
1
4-
3-25
3-20
4-
1
3-18
56%c
'
4-
1
3-18
4-
(irreg.)
<
15e
25c
__j
(quar.)
12Vic
_'
(quar.)
pfd.
25c
(quar.)
3-10
3-23
1
4-
44-
7
35c
4-10
14c
4-14
50c
4-
1
preferred (quar,)
Commonwealth; Water &
$&
preferred
prefened
$7
$1.37%
Light
$1.50
4-
1
4-
1
3-11
preferred
$2.04-
(quar.)
preferred
$2.00
$5
.
______
I
—
51c
preferred
(quar.)_____
5%
preferred
Continental
Cooper
Insurance
(Peter)
Corroon
&
Dean
Tissue
(W.
E.)
Dixie-Home
.
(s-a)
Loom
Stores
&
Lomason
Dover
&
Drexel
Furniture
Works
Company
ferred
(irreg.),
took
(s-a)___
the
on
Association—
(no
Common
$1
action
par)
($2
(quar.)
7%C
A
Manufacturing
Elizabeth
Empire
Consolidated
Trust
Eskimo
Pie
Fafnir
Co.
Corp.,
Gas
(N.
5%
Bearing
Co.
Y.)
Co.
pfd.
Federation Bank & Trust Co.
Quarterly
Fidelity & Deposit of
(N.
Y.)
$4
First
Insurance
preferred
National
Fisher
Fuller
$5
E.)
Class
Company,
B
Carlock
Public
$5.50
Tire
334 %
George
Putnam
$2.25
$6
Fund
1
3-15
Mutual
Investment
3-31
3-13
National
3-31
$1.25
4-
1
3-22
National
4-
1
3-15
New
common
National
Co.
Terminals Corp.
50c
87 %c
(quar.)
3-22
5-15
4-25*
5-
4-10
1
$1.50
5-
1
3-31
5-
1
3-31
5-1
pfd.
(quar.)_
i
3-24
3-21
3-31
3-21
3-31
Telephone Co.
preferred (quar.)
6%
Newberry
3%%
N.
Y.
"(J.
J.)
preferred
& Cuba
5.6%
&
$3.60
$4.80
4-20
Mail
Judd
(quar.)
3-31
3-21
25c
(quar.)_
common
4-14
56(4c
:
(quar.)y
Oreff'BJrotUers pboperage—'/
tfffe 'dlai&i A(quar.)
Common, B (quar.)
——
3-31
5-
1
25c
common-—
—
5-15
7
preferred
3-31
$1.12%
3-31
3-20
$1.50 ">1 4- 1
3-11
3-20
4%
Pacific
6%
Pacific
*
4-15
Service
&
Farnham
Tower
1
Co.
4-
1
3-15
4-
1
3-15
Company,
pfd.
(Ohio)
Union
3-20
Union
4-15
4-
3-31
3-
Co.
3-
8
4-10
4-
U
■
'
3-31
Utah
60c
3-21
10c
4-29
6-
5-10
$1.25
1
20c
'4-
1
3-27*
Packard-Bell
10c
4-
1
3-27*
Paramount
Co.
A
Idaho
class
Bank
(Brooklyn)
Publishers
5%
pfd.
Sugar
A
5%
ofd.
Co.,
(quar.)
(quar.)
$10
4-
1
4-
1
ioc
common—
.
.
$1
3-15
4-
1
3-15
3-
50c
4-25
4-15
4-15
4-
class
6
4-15
4-
1
4-15
4-
I
'4-1
3-15
4-23
3-31
3-31
-3-24
3-31
3-20
3-31
3-20
4-
1
4-
1
3-22
3-22
A
5-
4-15
3-31
5
1
4-20
$1.50
(quar.)
5-
4-
1
3-27
$1.50
com. (quar.)
(quar.)
preferred
Co.
5-18
62%c
4-
1
3-27
3-31
3-20
50c
(reduced)
75c
3-31
3-22
4-
1
3-20
75c
4-
1
30c
6-15
6-
8
30c
9-15
9-
8
$1.50
4-
1
3-10
$1.43%
5-
1/
4- 7
Insurance Securities Co.—
$1.50
Co.,
common
prior
lien
common
(quar.)
$1
Inc.,
3-20
5-1
15c
Fund, Inc
4-20
4-7
3-29
62%c
4-
1
3-24
5%
preferred
vtc
(quar.)
$1.25
4-
1
3-24
preferred
vtc
(quar.)
$1.25
7-
1
6-23
preferred
vtc
(quar.)__
$1.25
10-
2
9-22
50c
4-
5
50c
4-
5
3-24
56V4C
4-
1
3-23
common—
(quar.)
Corp., 4%%
preferred
(quar.)
for
resident
a
Less
xLess
tax
15%;
British
30%
resident
Income
Jamaica
tax
3-24
this dividend.
tPayable in U. S. Funds, less 15%
tPayable In Canadian funds, tax
1
1
3-24
20c
(quar.)_
common
Electric
York
.
25c
3-
25c
•Transfer books not closed
5C
3-16
3-31
15c
Extra
3-24
(initial)
3-20
3-27
$1.75
Casualty & Surety
3-24
3-31
1
5%
Inc.—
37 %c
4-
4-15
$1.75
(reduced)—
common
Co.,
Woodward Iron Co.
3-15
(quar.)
3-27
5%
3-21
$1
1
25c
(quar.)
Wiggin Terminals,
.
3-21
3-31
30C
4-
3-13
25c
Company
Brothers
Whitehall
3-17
(quar.)
3-20
62%c
(quar.)_.
Common
3-20
1
3-15
3-30
10c
Wheeling & Lake Erie Ry.,
4-
3-24
1
26c
Westmoreland Water, $6 preferred (quar.)—
12 %C
(quar.)
3-31
4-
3-22
$1.25
preferred (quar.)
$2.50 class A (accum.)
3-23
4-15
$2
quar.)
3-20
3-31
5
3-31
30c
common
preferred
Western
3-31
3-23
15c
3-31
4-15
1
$1
(quar.)
A
(Increased
Western Life Insurance
$1.20
4-
t$1.75
(quar.)
3-29
(quar.)
Corp._
$1.50
(quar.).:*.
Inc.
Baking Corp.,
&
Warren
4%
3-24
Co.—
preferred
Western
3-31
4-
1
this time.
at
Insurance Co.
Railway
Non-cum
3-31
5-18
4-25
4-
87%c
4-15
Co.
(irreg.)
3-22
(quar.)__
1
4-20
3-28
3-13
(quar.)_
1
4-15
4-10
3-17
25c
4-
90c
3-18
62%c
5-
17 %C
3-18
1
3-22
(quar.)
(quar.)_
93 %c
*
3-20
1
4-
1
6%
common
3-30
4-
1
Washington Title Insurance Co.,
3-31
6
40c
Western
4-10
7
3-
3-6
1
preferred (quar.)
Walker
3-10
4-
4-
3-15
4-
preferred (quar.)
3-20
1
$1.06 V*
(quar.)
4-17
•
7
4-
preferred (quar.)__
Wagner
3-31
4-
3-15
20%
4-15
3-16
4-17
6-
(quar.)_
4-20
—
(quar.)
Motors
Co.
25c
preferred A
Corp.
pfd.
Vlchek Tool
4-15
4-19
$1.06%
(quar.)
3-10
3-30
3-24
1
Co.—
3-15
25c
preference,
Telecoin
7%
15c
25c
3-15
1
5-
25c
Virginia Iron, Coal & Coke Co.—
4% conv. preferred (quar.)
37c
Electric,
Associates,
prior
Ltd.,
preferred
35C
& Carbon
Rockland
$6
Virginian
5%
3-31
4-
2c
3-31
3-17
3-10
30c
4-14
1
3-25
10c
3-15
4-
3-15
10c
(quar.)
4-15
15c
3-15
3-31
25c
A
4-21
1
3-25
1
25c
1
4-
4-18
4-
25c
(quar.)
5-
7%
1
4-15
$2
5-15
7%
5-
$1.75
3-31
3-29
4-15
433/4C
Mfg.
Velvet Freeze,
3-31
1
15c
15c
.
3-15
5-
40c
*
dividend
Van Sciver (J. B.)
5% preferred B
4-15
40c
3-21
20c
(quar.)
preferred
Manufacturing
Utah Home Fire
1
3-20
1
3-31
$1
Common payment omitted
3-31
1
4-
Smelting, Refining & Mining Co.—
7%
3-23
3-
S
4-
Francisco)—
preferred
United Printers &
3-17
1
3-15
25c
Transit
prior
•United Industrial
8
3-31
4-
Rapid
Metal
Stock
5
3-31
$1.50
Insurance Co.
preferred
class
Co..
Tobacco
conv.
3-10
3-15
1
10c
City
3-20
1
5c
B
Tukett
3-15
1
4-
f3c
Fund
(San
Corp.,
3-30
3-20
4-
4-
(accum.)
Tri-Continental
3-30
3-20
$2.50
(Cleveland)
Edison, 4y4%
Tom Bell
Royalty
Tov/motor Corp.
Twin
3-31
1
55c
:_
Co.
3-17"
4-10
4-
20c
(quar.)
preferred
3-31
10c
Corporation
$7.50
Todd
3-11
15c
$4.25
3-23
10c
Title Guaranty
3-31
4-17
(quar.)
1
$1.25
Co
Engineering
preferred
Thor
.
3-31
$1.75
Corp.
Industries, 4%
Orange
4%
3-15
I
3-23
4-
Inc.—
Engineering & Mfg. Co.
Textiles, Inc., common
1
3-22
4-
25C
(Minn.)
(quar.)
(quar.)
preferred
Old Town Ribbon
Olin
„
3-15
Mfg. Co
Old Colony
4-
5-
1
Steamship Co.—
Oberman & Company,
4-25
5-15
1
(quar.)
3-31
75c
4-15
4-
3-31
(quar.)
1
$1.25
Extra
3-15
97 %c
Company—
(quar.)
preferred
3-21
15c
(increased)
pfd.
Water Co.,
Newark
Novadel-Agene
interest—_—.—
Terminal
3-20
1
$1.75
Northern States Power
3-31
3-20
1
4-
$1.75
3-17*
81(4c
9334c
3-20
15c
Corp
3-31
30c
_.___
3-27
4-
Roe
5%
(quar.)—
4-15
4-
12%c
—
-
Stix, Baer As Fuller, 7%
1st pfd. (quar.)__
Stop & Shop, Inc. (increased quar.)
"Strawbridge & Clothier
3-27
•
7
20c
(quar.)_
(quar.)
^Shares
Boston—
System, 6'.%
.Radiator
National
(quar.)
4-
4-.T
1
New Jersey
3-15
4-10
75c
Bearing Co.—
(initial)
National
$1.06(4
Steamship Co.,
4%%.;. preferred (quar,)
Motor
3-22
1
Products
Stein
t$3
$1.75
(Irreg.)
3-20
5-25
17%c
(quar.)
common
8c
3-22
4-
(quar.):
15c
pfd.
1
J15c
Stores,
$0.8855
12c
Co.
3-22
3-25
10c
Mines, Ltd. (1944)
Shake, Inc. (quar.)
n
Class
(quar.)
3-22
1
20c
(quar.)
Toledo
(quar.)_
National Manufacture & Stores
Corp.
3-31
3-23
'
National Investors Corp
25c
preferred
Public
Steel
3-31
$1.50
(quar.)_
3-20
1
4-
35c
(resumed)—
Stadacona
3-22
—
Inc.
pasket Co., common
(quar.)
1
(quar.)_
pfd.
3-22
$1.50
(quar.)
Telephone Co.
"Steak
3-22
preferred
4-
—
conv.
Co.
preferred
50c
Inc._
Fibres,
4-
(quar.)
1
1
__.
Fund,
Automotive
National £hemical &
Mfg.
National ^uel Gas Co
North
3(4%
Co.
$7
(Boston)
2nd
3-17
3-24
4-
37%c
Mills, 7%
(quar.)
1
$1,37%
Co.
Flour
3
$1
of
Montana
Motorola, Inc.
4-
7
1
1
$1
pfd.
4-
4-
3-23
25c
15c
preferred
Great' Lakes
Greenwich' Water
Mutual
4-
4-15
3-31
17 %c
Light, $3.90
56 '/4c
Toy, Ltd
preferred
3-24*
25c
(quar.)
Gillette" Safety Razor
&
3-16
7
3-17
(quar.)
(quar.)
Southwestern Associated Telephone Co.—
$2.20 preferred
(quar.)
Spokane International RR
3-31
4-15
4-
Co
(quar.)_
(quar.)
Fund
Grayson-Robinson
1
4-
&
Mohawk Rubber
(qliar.)——__
common
Certificates'of beneficial
Grand
1
(quar.)
&'Rubber,
4V*Vc: preferred
4-
!
$1
(quar.)
preferred
3-25
3-21
4-14
Optical
Southeastern
3-16
4-15
_i
$1
.
(quar.)—
Service,
Reinsurance
General
Power
preferred
(quar.)
Edison Co. (quar.)
4-1
3
3-31
4-
__
1
4-
15c
(quar.)
(Boston)
Southeastern
3-17
4-15
25c
prior
3-31
4-
1
4-
50c
Gas & Electric Service—
Missouri
7%
3-31
4-29
4-
March
(quar.)
$20
(quar.)
preferred
Co.
preferred
preferred
General
Missouri
Inc.—
Corp., common
preferred
(quar.)
General
Missouri
3-18
National Glass Co., 6%
(quar.)__
(quar.)
Foods
$3.50
$4
Co.
preferred
convertible
Packing
General
3-20
J.)—
(irreg.)
Company,
4 V2 %. convertible
Gannett
N.
—
Y.)
preferred
Manufacturing
(R.
(Newark,
(N.
Company
Funsten
3-20
1
(quar.)50c
(quar.)
Bank
Brothers,
Formica
Co.
A
1
256
9-30
12-27
15c
(quar.)
common
1
65c
(quar.»____
Fidelity-Phenix Fire Insurance Co.
Firemen's
Manufacturing Co., class
Millers Falls Co.,
National
:____
Maryland
10-10
1-10-51
50c
(quar.)
4-
—
Association
Boston
Southeastern Investment Trust,
$5 1st preferred (quar.)
6-30
1
130c
—
-Extra
Transportation
4-
35c
—
3-22
15c
$1.25
(quar.)
(irreg.)
1
10c
$1.25
(quar.)__
4-
343/8C
,
25c
(quar.)____
Shawmut
25c
4-
3-25.
3-23
27 %c
Northeastern
25c
—
1
of
Texas
75c
Co.__
4-
Trust
3-31
25c
common—
common
Shawinigan Water & Power Co.
7-10
3-10
40c
(quar.)_
Terry Steam Turbine, common
7% preferred (quar.)
25c
(quar.)
Shareholders'
3-20
25c
—
1
^
Steamship Lines, Inc.
Easy Washing Machine Corp.,
pfd.
(quar )
3-20
Miller
3-20
50c
3-15
50c
3-18
20c
$5.50
Corp.
1
Extra
1
Gas
1
Merchants Bank of New York
4-
&
1
Company
pre¬
7%c
(quar.)
3-21
this time.
(quar.)
par)
preferred
Elder
1
.
Eastern
B
6%
dividend usually paid at
Oil
4-
—
1
4-
$1.37%
3-15
'
5c
Shamrock
4-
Massachusetts
4-
3-20
4-
atf$103 per share plus this dividendSugar Co., Ltd., 6% pfd. (accum.)
Marion Water, 7%
pfd. (quar.)
Martel Mills, common
(quar.)
$3 preferred (quar.)
3-27
$1.12%
1
$1.25
5% preferred (quar.)
Selected Industries, Inc.
5%
6
*
j,
3 7 Vac
31
3-13
4-
Louis—
(quar.)
22 %c
on
3-
3-15
3-
St.
of
18%c
common
3-15
3-15
(quar.)
Manitoba
5
41»4c
$1,12%
(quar.)
Entirely, called for redemption
3-31
3-31
3-30
(quar.)™
1
3-15
37 %C
-
3-20
1
3
1
1
$1.50
(quar.)
3-31
1
5-
4-
3-20
preferred
Service,
5-
t$1.75
4-
1
$0,819
&
3-31
4-
4-
62%c
Forbes, common
6%
preferred
(quar.)
^
Maltine Qo.,,,4V*% convertible preferred—
3-31
5-
Common
3-31
4-15
40c
4-
30c
jpreferred
3-24
814c
50c
preferred
Pt&lic
3-24
1
$1.25
convertible
5Yz%
1
4-
4-15
(quar.)___
convertible
MacAndrews
4-
1
1
Fund, Inc
preferred
(quar.)—
3-31
Lowenstein
3-20
117 Vac
Corp.
12-20
(irreg.)
1
$1.25
Clark
4-10
Company, 6%
4-
3-16
17'/ac
(quar.)
12-28
Lima-Hamilton
3-17
5-15
3-20
35c
4-15
$1
&
Shuron
t.
4-
75c
75c
3-25
3-30
I
Refining
Stevens
Farms, 4%%
Security Investment Co.
1
25c
Maine
25c
4-
3-16
4-15
Ry. Co.—
Seabrook
3-23
45c
3-20
4-
4-
1
3-31
3-31
37%c
Cement
Atlanta
Scudder,
3-17
4-
Portland
&
5%
preferred
Savannah Sugar
3-17
3-31
Cruz
Simplex Paper Corp. (quar.)
Sommers Drug Stores, common
(quar.)
3-24
4^1
3-31
4-15
38c
3-31
4-15
3-17
Santa
Savannah
9-20
quar.)
preferred
3-11
25c
(reduced)
7% preferred (quar.)—
j,
Sangamo Company, Ltd.
Sanger Brothers, 5 Ms % preferred
3-22
Corp.
(Charles)
4-10
3-31
Ltd.—
6-21
(quar.)
1st
non-cum.
4-29
1
|25c
Co.,
9-26
;
4-
$3
3-20
10c
3-30
20c
._•—
1
3-31
Common
Mills
3-28
Corp. (quar.)
(M.) & Sons, Inc. (quar.)
Lucky Stores; Inc., 5%% preferred (quar.)_
1
4-
10c
common
3-15
75c
90c
3-25
3-25
4-10
3-29
3-20
10c
3-31
4-
3-15
1
37 %c
(increased
3-24*
3-21
4-
t40c
(quar.)—.
South Atlantic Gas Co.,
3-22
10c
1
Brothers
6-27
(quar.)
•Company,
4-15
3-31
$4
10c
(quar.)
$2
(resumed)
$1.12%
3-17
17%c
4-
4-
3-31
$3
Corp.
St. Lawrence Flour
.
3-20
Fund)
$1.12%
^
preferred
Putnam
$1.12%
___
1
—J—
(quar.)
no
(quar.)
1
(quar.)____
3-15
3-17
1
15c
(George
12 %c
;
(quar.)
3-24
4-
4-15
12c
$1.12 Va
(quar.)
$1
1
30c
25c
University—
quarterly
Co.
pfd.
25c
4-
pfd.
3-31
1
3-23
3-15
45c
Co
Aviation
3-15'
.
4-
3-30
$1.25
(quar.)
$1.25
4-15
1
3-15.
$1:50'
—
& Fuel Associates—
Racing
Common
4-25*
3-31
$1
(quar.)
4-
50c
(quar.)
preferred
Eastern
1
25c
International, Inc. (quar.)_________
Dwight Manufacturing Co.___—
4(4%
1
4-
(irreg.)
70c
Co.
Rockaway RR.
Gas
4-
25c
3-15
82 %c
pfd. (quar.)_
Liberty Loan Co., class A (Increased)
Class Bf (increased)
5
$1.62%.
Dunhill
Eastern
4-
3-31
37 %c
$1.50
(quar.t.
(quar.)
Products, Inc.,
1
3-31
8IV4C
_
15c
Y.)
(quar.)
Doeskin
5-
3-15
& Electric—
A
(accum.)
Company, Inc., common (quar.)
5%
preferred (quar.)—
Rothmore Corp., common (quar.)
Class A
(quar.)
Extension
Lehman
5
3-31
10c
A
8%
1
4-
(quar.)
Ritter
4-14
25c
15c
(N.
(quar.)
Company
Douglas
4-
1
$1.75
preferred
&
Leich
5-
$1.50
(quar.)
4-1
4-10
15c
Co.
Richman
2*
30c
(quar.)___
preferred
3-31
5-
Extra
$1.25
Founders Shares, common
6%
pfd.
Electric
Republic
75c
pfd.
Co., common
(quar.)
3-20
3-17
4-20
25c
(quar.)
Co.
3-31
3-31
Semi-annual
87 %c
10c
Co.
6(2% pfd. (quar.),
Corp., $1 pfd. (quar.)_
Co.
1
8c
Corp.,
Reynolds
Crompton & Knowles
Chrystal
(quar.)
common
Co.
$3
5
3-17
10c
preferred" (quar.)
Lehigh V411ey Coal Corp.—
5
5-
$1.25
Oil
44-
1
50c
.™_
(quar.)
Royalty
5- 1
5-
3-10
7%c
$2.50
1
4-
55c
(quar.)
Consolidated Grocers Corp.,
Consolidated
4-1
3-10
3-20
(quar.)___
Light, 3.30%
preferred
Salle
Leath
,
47%Q
(quar.)
preferred
$2.20
(quar.)
3-20
(Wplter)
$1.80
3-11
$1.75
5-
common
C|as
Commoti
Co.—
(quar.)__
5-20
(irreg.)—
Mills
Telephone Corp., class A
Quincy Market Cold Storage & Warehouse—
3-24
1%C
Frary & Clark (irreg.)
Langendorf United Bakeries—
3-11
(quar.).:
-
Connecticut Fire Insurance Co.
Connecticut: Light & Power—
$1.90
4-1
4-10
4-14
$2.50
(quar.)
Quebec
3-20
1
15c
Ltd
see
3-16
5-
3-20
50%
Landers
Commonwealth Water Co.—
5%.%
3-31
preferred
Lambert
3-22
3-17
3-31
(accum.)
Quarterly "i
Quarterly
Quarterly
Co.
3-31
corp.,
1
t2c
Ltd
(Fred
Putnam
3-31
3-31
Coal
Increased
3-24
Purex
3-31
4-15
Co.—
preferred
Mothers,
4%%
La
1
4-14
(quar.)
&
preferred
4%%
3-24
4-15
10c
Commercial Credit, 3.6% preferred
CommercialNational
Bank
&
Trust
Y.i:
1
3-20
4-1
$1.75
Co
Columbus &■ Southern Ohio Electric
(N.
.
3-23
4-15
$1.25
dividend)
& Company, Inc.
Kirsch Company (quar.)
Kroehler Mfg., 4%% preferred A
4%% preferred A (quar.)
3-17
Yards
3-30
Co.
Gas
4-21
4-
$1.50
Pocahontas
Providence
62 %C
4%% preferred (initial quar.)
Kansas-Nebraska Natural Gas, com.
$5 preferred (quar.)
3-25
_.
Prophet
5
87Vac
common
Gamble Co.,
B.) Co
4-14
3-18
$1.37%
Fund
A
&
1
1
3-22
5-
Trusts—
(s-a)
General
1
25c
Co.,
Corporation, 5%
5-
Eoldere
4-
75c
&
(quar.)
Gas
Fashion
4-
20c
(quar.)
&
Governor
Full
$1
common
(stock
Resistance
Creek
Kidde
4-22
7%
Polaroid
%C
Kansas
30c
Chicago Molded Products (irreg.20c
Y.)
Pilot
3-20
10c
& Door
Povter
7%
3-21
(N.
3-20
1
50c
(quar.)
Joplin Water Works,
Joyce,
Inc.
(quar.)
3-31
Products
1
4-
When
Payable of Ree.
2Vac
Co.—
A
Company,
preferred
93%C
(quar.)_
common
(quar.)
preferred
Jenkins
3-15
62%c
Works,
4-
6%
Procter
(quar.)
(increased)
Mfg.
Philadelphia & Trenton RR.
115c
,
Ltd.
pil Field Materials, 5% pfd. (quar.)
Non-voting
10c
preferred (quar.)_
Great. Western By.—
preferred (accum.)___
:
Water
3-13
3-31
50c
.
Co.,
preferred
$6
3-15
dividend
-^___
H.)
Foundation
Island
•
■
convertible
Aluminum
3
Co., Ltd.—
(quar.)
convertible
Iowa
Chicago
Clinton
4-
4-10
Pierce
Extra
7%
time.
Clinton-Trust Co,
Oil
Philadelphia
6c
preferred
Income
3-15
3-31
$1.04
(-on the common, stock at
Club
Petroleum
8
$1.50
(quar.);
Company, common
5% prmr preferred (quar.)_
Investors Mortgage Co. (Bridgeport)
(quar.)
Iowa Electric, 6%%
preferred B (accum.)_
3-31
40c
(accum.)
Century Shares Trust (increased):
Hosiery Mills, common
Fuel.:
4-
(quar.)__
Perry-Fay Company
3-15
45c
Interstate (The)
3-10
4-
A
(D.
preferred
6%
3-23
4-
Manufacturing
International
3-31
40c
—
pfd. A
Union-Stockyards
1
Portland
„
3-22
1
Chadburn
Gas
4-15
40c
Illinois Zinc Co
5-
3-20
._
a
Citizens
4-
60c
Salt
preferred
Pond Creek
Huttig S%sh
3-31
4-15
common.
Directors decided not to declare
Cleveland
3%%
3-20
5%%
1
25c
.
Cincinnati. Unionr .Stock
3-15
3-21
5%
5-
37%c
(quar.)
4.15%- preferred (quar.)
Central-Ohio-Steel Products Co.—
•
1
75c
43
40c
Quarterly
Pennsylvania
1
.
5%
3-15
4-
Houston
3-22
1
4-
6%, preferred C (accum.)_^__—J..' 37%c£.
Central Vermont Public Service Corp.—
4%.%
4-
pfd.
conv.
Si Tilford, Inc.
(quar.)
Pennsylvania Co. for Banking
3-31
(quar.)
Houston Natural Gas Corp.,
3-28
4-15
15c
;
voting
common
5-15
-
1$1.50
1
1
4-
1$5
•
$3 pfd.
(accum.)
1
share
Co.," 5%
Park
50c
3%%
3-13
115c
(quar.)
Flour Milling (quar.)__:
Aguirjna, Sugar Co._
preferred. B
3-21
50c
3-13
'
-
—-
6%. preferred.i (quar. 1l_'_
6%
preferred-
preferred
Holophapp Company
Household Finance Corp.,
3-28
3-24
120c
States-Electric,-7%
4-
Per
„
Park Chemical
Trust
(initial)
$6
3-31
,
Name of Company
5
(quar.)
Class
3-31*
4-15
.
Centennial
Central
A
Co.,
4-
(quar.)___
Holmes
3-28
4-15
_
(quar.)
Central Fibre -Products
Co.,
I
4-15
Hercules Cement Corp.
3-28
4-15
15c
Extra- 'iL—_
Non-voting
4-14
4-15
5'Ac
Capital Administration, Ltd.,
Investment
series
non-cum.
convertible
Holden
3-23
5c
:___
Cannon Shoe Co:V-'—
$1.50
50c
Shares
Payable of Rec.
Trust
&
6%
3-17
1
15c
Co,
Investment
Co., $2.40 pfd. (quar.)
Cooley Co. (quar.)
Heinz
(H. J.)
Company (quar.)
Helicoptef Air Service—
4
5-
3-27
4-
$1
;
Assurance
20c
™
(1183)
Holdery
—
Brothers
Hart
3-23
10c
Campbell Taggart Associated Bakeries, Inc._
Foils, Ltd., class A (quar.)—
Life
1
6-
20c
Canada
Canadian
1
4-
125c
Corp.
(quar.)
$3
When
Hershey Creamery Co.
25c
preferred (quar.)
Common
(s-a)
preferred
(Hartford)
Halle
3-20
$1.25
Investing
pfd.
6%
Utilities
Rail
Henkel-Clauss
(quar.)
Participating
•.)
3-17
divi¬
Camp Mfg. Co., class B (quar.)
Central
3-25
1
(Hartford);
3-20
County Trust Co. (N. Y.) (s-a)__--_
Finance Plan, cl. B (increased quar.)
Canada
4-14
1
4-
Public
Guardian
3-21
class A (quar.)—
6%
4-28
4-
Guardian
3-25
4- 1
____
Inc.
Budget
4-14
1
3-30
&
Kluge
—
Cordage Co., Ltd.—
(initial)
'
Street
Bronx
4- 1
4-28
Share
Co.,
Store
Products Co. (quar.)
Guardiaminvestment Trust (Hartford)
$1.50
preferred
(accum.)
,
usually paid at this time.
Brandtjen
Brantford
Class
5-
$1
prior, preferred (quar.)—
Directors took no action on ctromon
Broad
5-15
31V4C
37Vbc
6%
Brinks,
3-22
00c
_
Boston
•
3-22
1
4-
$1
;
dend
3-31
40c
(quar.)
Herald-Traveler Corp. (quar.)
Insurance Co. (quar.)
Boston
Grocery
25c
62%c
„
class A
Griscom-Russell
3-22
25c
(quar.)
Company,
3-24
$1.05
(quar.)
(quar.)—1
common
1
3-31
25c
—
preferred
B
Boston
Name of Company
4-
10c
& Son, inc.
(quar.):
Birmingham Electric, 4.2%
FINANCIAL'CHRONICLE
Per
Payable of Rec.
■
&
Holder1
15c
Co
Bird
Blauner's
When
COMMERCIAL
Canadian
deductible
non-residents'
at
the
tax.
source.
Now*
7%.
tax.
Income
tax.
J
-
•Mr
idtnaral
foprato ami
Operating revenues ——
Operating expenses and taxes—
$30,170,410 $27,889,066
26,538,452 25,438,374
—
—
—————
Gross
shares of capital- stock of
the corporation were changed from no par value to a par value of
60 oents per share by an amendment to the articles of incorporation
made' on Aug. 14, 193G.
Before said recapitalization, the authorized,
issued and outstanding capital stock of the company, all of one class,
•was
10,000 shares of no par value, each share having a nominal or
stated value of $5, and the capital stock liability was $50,000.
Upon
the recapitalization, the company then had 200,000 shares of 50-cent
par value common stock issued and outstanding, and the capital stock
liability, was changed to $100,000 by transfer of the sum of $50,000
from the earned surplus account to the capital stock account.
96,000
Additional 50-cent par value common shares have since been issued
•nd are now also outstanding.
The company has no stock in the
Muter
Coinpany"
Dec.
on
The
1930.
12,
Total
from
Net
ry.
the
will
2132.
170.
(par
Net
Philadelphia
"After
4%
mtge.
First
The
Unsecured 3%%
The
The
State
Chicago
Bank
of
Bank
i
of
the
agreed
sinking
—V.
the
p.
150,000
210.000
below
and Treasurer)
the 30,000 Shares
^Corp.
4,000
—_
Emerich
Ames,
Gibson
Straus
It
&
Biosser
1 500
1,500
Zuckerman.
Bolger &
——
_
—
1,500
American
Since
171,
Net inc.
1,500
Etc,—
the
shs.
Common
Pfd., ehs.
"Earn,
Working
~
1,236,100
546,050
23,775
28,775
$2.35
$5.07
$3.74
$1.62
12,123,928
11,343.127
8.418,927
5,232,072
$9.81
$9.13
$15.42
$9.58
5.47
5 59
4.65
3.29
1,250,000
1,500,000
1,750,000
2,000,000
5,489,456
3,742,225
17,197,447
5,137,391
15,833,579
11,374.347
3,242,199
7,069,979
$13.91
$12.56
$15.36
$7.77
Halsey,
3.647
3,363
3,124
3,051
Burr
—
sh
liabilities
debt
__
.
and
Plant
equip. (net-U
stock and surp.
Capital
•Book
val.
com. sh.
per
No. of stockholders
•"Amounts
and
1949
share
per
reflect
to
split.—V.
for-one
of
the
170,
common stock adjusted for
Increase
resulting primarily
p.
the years 1948
from the two-
which
UNDERWRITERS—The
65,000
$99,012
taxes
$847,945
73,000
$1.36
-
—
Capital shares outstanding
per
—V. 166,
$9,123,828
1,442,945
595,000
73,000
$11.62
164,012
taxes
income
Income
Net
Nov. 30/48
$7,939,999
before
Earned
11 Months
Nov. 30/49
Wet -Bales
p.
_
share
Wells
Mullaney,
Newton
M.
A.
Harold
E.
Net
from
Net
ry.
—V.
709,069
Income
353,449
275.670
oper.
171,
p.
1947
$2,537,052
462,233
205,807
168,709
559.
National Bellas Hess, Inc.—Sales Increased
—V.
170,
p.
1398.
from
ry.
1949
Net
1
salqs
Cost
of
Gross
Income
Net
-
profit
Overhead
and
-
—
expense
v
taxes
profit
Preferred
Balance
$59,439,833 $68,125,235
42.400,966 43,571,438
^
sales—
-
$5,836,707
—
dividends
—
Kmralngs, per common share:—
$17,038,917 $19,553,797
7,580,064
6,424,040
3.622,146
5,131,781
•
-
——
——
;
.
$7,997,976
399,833
399,833
$5,436,874
$7,598,143
$2.57
$3.60
$1,455,371
——
1,407,153
;
.
underwriter and the
underwritten
are
Co.
91.6% of Publicly Held Common
Service Co. Acquired Through Ex¬
change Offer.—See latter company
below.—V. 171, p. 951.
Co.—91.6% of Publicly Held Com¬
Ohio Public Service
Stock Exchanged Under
Offer—To Vote on Consol¬
idation—
total
A
of
Co.
with
91.6%,
or
of
exchanged for Ohio
of a voluntary exchange
stockholders by Edison in a letter dated
terms
the
which offer expired on Feb. 28, 1950.
date Ohio Edison owned 2,916,324 shares, or97.2%r,
of the outstanding 3,000,000 shares
of Public Service common stock.
Subject to the approval of the regulatory bodies it is contemplated
that
an
agreement of merger of The Oino Public Service Co. Into
Ohio Edison Co. will be submitted to the holders of the common stock
of
both
companies for adoption at meetings to be held In April.
3, 1950,
the
of
—V.
171,
latter
363.
p.
Oil Prospectors Inc., Mineral
SEC
Wells, Tex.—Files—
Feb. 28, the corporation filed a letter of
covering 100,000 shares of common stock,
coinpany
wells.
notification
>
with the
be offered by the
at par ($1 per share), The proceeds- are to be used to drill
Its office is located in the Damron Hotel, Mineral Wells,
to
Texas.
set
Federal
The
Commission
Power
March
on
Authorized—
150,000
3
authorized
this
com¬
line and substation to the
Southwestern Power Admin¬
sell an
electric transmission
of the Interior through the
to
Co
istration.
&
100,000
is
Russett.
at
of
18',^-mile,
138-kilovolt transmission
both in Oklahoma, and 11
of the line and substation
an
Brown
to Russett,
Total sale price
approximately $530.000.—V. 171.
250,000
—
Co.-
substation
p.
1050.
250,000
——
—
.
line
400,000
—
from
extending
100,000
Inc...—.
consist
facilities
The
1,400,000
Inc
Wood
Olds Oil Corp., Casper,
100,000
-
Wyo.—Files With SEC—
Feb. 28 filed a letter of notification with the SEC
shares of common stock (par 10c), to be offered
at
20 cents
per
share, the proceeds to be used to drill for oil in
Wyoming, Colorado, Nebraska and South Dakota.
No underwriting;
1050.
p.
company's common
this
been
have
public,
under
Service
Public
to
the
stock
common
made
offer
shares,
916,324
outstanding
stock,
pany
<fc Kendall,
Co., Inc.
&
$1,019,273
1,009,236
«,
—
Department
Northeastern RR.—Earnings—•
on
company
1,250,000
covering
1949
$899,567
300,503
391,759
162,321
railway
171.
p.
111,674
income
railway
railway
1949
$693,396
income
oper.
p.
1947
1948
$793,517
415,621
330,942
413,255
325,029
._
243,918
$587,711
232,619
210,514
9,091 shares not issued in exchange for a like amount of
6% preferred stock).
207,380
-
Transfer
First
559.
Agent:
National
RR.—Earnings1950
Net
income
after
♦Deficit.—V.
fixed
171,
.
p.
1949
$56,725,787 $61,535,117
__—
50,550,449
♦85,639
charges
53,425,519
701,761
Railway operating expenses
Net railway operating income
794,933
1,693,691
p.m.
New Y'ork
Chicago & St. Louis RR.—Earnings—
January—
Net
Net
—V.
from
from
ry.
.171,
railway
railway
oper.
p.
Income
753.
_
__
;
1950
1949
$10,061,735 $11,615,550
2,577,635
3,633,628
1,291,326 / .1,914,756
Omaha,
Omaha,
Omaha, Neb. Registrar:
Neb.
company
<CST>.
is
intended
pursuant
Gross
of
OFFER—The
stock not exchanged
redemption at $102
after- the- purchase of
the
of 4Vic/o
cumulative convertible preferred
stock
by the underwriters,
and that the redemption - price will bepaid to the holders thereof on or before March 31, 1950 upon surrender
It
559.
The Omaha National Bank,
Bank
offered to the holders of the
16,933 shares of 6% preferred stock (par $1001
the privilege of ex¬
changing such stock on the basis of one share of 6% preferred stock
and the payment of $1 in cash for each share of 4Va.%
cumulative
convertible preferred stock.
Under this offer a total of 7,842 shares of
4'/2% preferred stock were issued.
The exchange offer privilege expired on March 6,
1950, at 5:00
EXCHANGE
York Central
Preferred Stock—A group of
Kirkpatrfck-Pettis Co. are pub¬
Omar, Inc.—Offering of
underwriters headed by
licly offering at $103 per share plus accrued dividend
from March 1, 1950, a total of 12,158 shares of $100 par
41/2% cumulative convertible preferred stock (including
-Earnings—
1950
from
ry.
Mexico Ry.
$799,031
January—
—V. 171,
$361,896
333,971
142,767
$1,090,056
509,474
232,715
559.
New Orleans Texas &
from
1947
1948
1950
$831,122
railway——'
Railway operating revenues
1948
income.- —
Edison
Ohio
150,000
January—
Subs.)—Earnings—
Year Ended Dec. 31—
debentures
the
Co
oper.
New
National Gypsum Co. (&
—
involved.
Net
3.9%—
1950
.
1949
$17,*75,393 $16,810,605
<
$9,039,594
6,820,093
1,200.226
_______
754.
Stock of Ohio Public
$11,500,000
Copeland
from
Net
6 Months Ended Jan. 31—
$10,099,177
7,092,925
1,550,831
—
——.——:
—
^
charges
p.
200,000
New Orleans &
Gross
Sales
1949
$9,064,614
25,020
:
—
operating
171,
Corp
January—•
—V.
1948
$3,035,172
555,839
railway—
1950
$2,556,139
railway.
1950
$10,133,048
33,871
Co.—Earnings—
revenues
taxes
after
Net
—V.
oil
principal
Co..
Rippel,
171.
operating
Operating revenues
Operating
The
—V.
$392,567
689,399
15,909
753.
p.
Uncollectible
As
190,000.000
.
&
$8,429,604.
6,515,230
1,021,807
charges
171,
Jan.
$55,000,000
15,000,000
areas.
each
Robinson-Humphrey Co
Thomas
_
,
Ohio Bell Telephone
400,000
&
&
Pollock
E.
Julius
The
of
Co
&
Net
1949
$2,729,747
585,395
from
Outstanding
Inc.—
Co.
&
Securities
Net
*
January—
FINANCING
PRESENT
Inc.L
Co.,
Clayton
Gross
1358.
Nashville Chattanooga & St. Louis Ry.—Earnings—
Gross
revenues
Oklahoma Gas & Electric Co.—Sale
Stuart
&
Win.
12 Months
Profit
after
—V.
below:
forth
Otis
Mills—Earnings—•
of
name
amounts
principal
respective
$9,011,005
—6.791,451
—
1,161,677
_—
Net operating income
Net
company.
Paterson and Trenton
City. Newark,
E.
2027.
Period Ended—
Federal
TO
31,
Patterson,
Nasha wena
the
of
Dee.
1949
$8,445,513
—
operating revenues—.
taxes
On
Ratio, current assets to
Long-term
EFFECT
GIVING
furnishing
of
1950
$9,040,137
29,132
$1,057,877
847/758
revenues
expensed
mon
1949, company had 1,521,374 telephones in service, of
approximately one-third were in the Camden, Elizabeth, Jersey
Ou
stock
current
June,
debs., due July 15,
business
the
directors
sh.
per
cap.
common-
in
Is engaged
communication services, mainly local
and
toll
telephone service, in that State.
American Telephone &
Telegraph Co. owns of record and beneficially all of the common stock
of the company except that 20 qualifying shares are held of record by
in
Co.—Earnings—
of January—
Operating
Net
been making large expenditures for
the demands for telephone service
1988— $55,000,000
40-yr. 2%% debs.; due March 15, 1990
15.000.000
Common stock (par value $100 per sh..
2,500,000 shares authorized >
250,000,000
1,085,853
546,050
$448,500.
of
2132.
p.
Operating expenses
COMPANY—Incorporated in New Jersey on Aug. 25, 1904.
capital..
•Working
101.601;
1950.
year
CAPITALIZATION.
4,973,110
outstdg.
com.
170.
dividends
preferred
for
allowance
Northwestern Bell Telephone
Edison
6.418.222
outstdg
per
Stanley & Co.,
Morgan
all of the equipment, apparatus and materials used In
plant, other than buildings, of the company is purchased
through Western Electric Co., Inc., an affiliate.
or
2,900.635
1,236,100
taxes—
come
1946
in¬
Fed.
—V.
share—.
tAi'ter
♦787,474
Nil
1,235,405
t$0.95
taxes
common
,
1949
1948
$10,479,781 $35,1.45,355
—
,
after
per
loss.
♦Net
constructing
$34,165,262 $47,414,534 $37,631,055 $19,937,580
after
Airlines, Inc.—Net Profit of $1,235,405—
revenues
profit
Earnings
stock
$20,000,000
1950—2 Mos.—1949
$8,284,372 $15,825,504 $15,948,764
951.
p.
Northwest
Net
2,453,917
1950—Month—1949
$8,265,155
;
171,
$3,441,269
Off 0.2%—
Newberry Co.—February Sales
(J. J.)
Operating revenues
Practically
1947
1948
1949
*
753.
p.
Period End. Feb. 28—
—V.
$4,258,240
3,239,573
income
charges
171,
Operating
service.
In connection therewith, the
to the American company at par in the
1948. and $30,000,000 in February,
1950, and In July, 1948, sold to the public an issue of $55,000,000
debentures.
In its order authorizing the offer for sale of the deben¬
tures and the sale of the $30,000,000 of common stock sold in February,
1950,
the
New
Jersey
Board
of Public Utility Commissioners also
authorized the issuance of an additional $20,000,000 of common stock
from
Mullms Manufacturing Corp.—Earnings,
sales-
having
to 100%.
105.457%
Authorized
Year End. Dec. 31—
-
the
improve
sold common
of
40-yr. 3V« %
Wet
has
meet
to
951.
p.
operating
after
—V.
Uncollectible
approximately $18,000,000.
company
in
$39,211,751 $36,130,847
28,690,035 27,569,713
6,263,476
5,119,860
,,
Month of January—
order
the
war
further
to
and
Dempsey & Co., is also offering 3,000 shares of common stock which
owns, but such shares are not included in the purchase agreement.
—V.
revenues
will
Telephone Co.—Debentures' Offered—
amount of
the
in
the
construction
new
Ik
_
Net
Net
trustee.
applied toward repayment of advances from
&
Telegraph Co., parent, which are presently
be
—
taxes
Operating
Weld & Co., 101.7199; Kuhn, Loeb & Co.,
101.529, and First Boston Corp., 101.05.
Telephone
outstanding
during
1,500
Smith
Co.
2,500
York,
New
101.8619; White,
Co..
revenues
expenses
award of the bonds at competitive sale March
amounts
&
Masterson
2.500
Co.
Co.—
&
-
White & Co
Har¬
of
bid of 102.101%.
a
on
1950
1949
$39,369,144 $36/242,254
157,393
11,407
—
operating
filed with the SEC on Dec. 27, 1948, the
(par SI<
company
Peck &
_
Shilling-law,
3,000
&
ris, Inc.
W. C.
C.
Co.
2,000 shs.
2,000
_
_
3.000
Francis I. duPont & Co.
Fairman
at
19,246
Co.—Earnings—
Year Ended Dec. 31—
Redemption
interest.
Co.
March 9 withdrew from registration 15,316 shares,
market 14.684 shares for $143,316.—V. 171, p. 951.
PROCEEDS—To
(
„
Gorman,
Frank
3,000
3,000
Co
&
_-2—_
Co.
Co.,
&
Inc.*
Cruttenden
Sills,
Link.
Co,,
Day &
Taussig,
Inc.
Co.—_
&
Miller
Revel
7.500 shs
10,000
Trust
on
Shields &
and
$10
set
at
stockholder,
share, the respective numbers of shares of common stock
opposite their respective names below, aggregating 50.000 shares:
Co.-
accrued
and
Redemption prices for the bonds range from
Five other bids were received for 2:V»s, viz.:
at
severally
have
revenues
Uncollectible
and
general expenses
171, p. 851.
and
Fibre Co.—Partial Redemption—
Midland
Marine
395,761
fixed charges
and
York Telephone
Operating
1499.
170,
group won
Clearing,
underwriters,
David A. Noyes & Co.The First Cleveland
selling
headed by Halsey, Stuart & Co. Inc., on March
15
offered $15,000,000
40-year 2%% debentures, due
March 15, 1990 at 102.457% and accrued interest.
The
per
Dempsey &
sales,
those shown separately.—V.
103%
at
The
New Jersey Bell
'«
named
New
Operating
96,000
stockholder Leslie F. Muter (President
to purchase f'cm the selling
selling
the
fund,
at
^
T
Month of January—
$16.35
$16.02
Nesbett Fund Inc.—Sells 14,684 Shares—
$450,000
-
__
funds
after
1
1950
1949
*
$11,933,624 $13,243,405
9,225,851
10,398,50*1,022,449 •
690,918
171, p. 559.
Month
the terms and conditions set forth in the agreement between
on
$39,311,269 $40,121,506
2,453,950
2,453,950
company
made
be
14
underwriters
UNDERWRITERS—The
■
has called for redemption on April 14, next, $68,000
its 15-year 4Va% sinking fund debentures due Oct. 1, 1960, through
The
296,000 shs.
120,000
—V.
Total
Chicago
of
33,300,000
r
of
cost
except
—
—
National Vulcanized
sold
$500,000
note to
Chicago-
of
31
Dec.
deducting
other expenses
all
instalment notes to
Nat'l
First
and
Bank
——_
Income
per-share——
instalment
Nat'l
at
41,839
34,913
Hartford RR.—Earnings—
operating income^
income'
Net
21,505,696
1,257,143
37,400,000
expense
on
:
shares
of
Income
Net
Mfg. Co.—
by Jensen
First
25,021,857
1,257,143
depletion
A group
;
_
and
taxes
income
Number
to
notes
Federal
for
»
170,
Outstanding
325,000 shs.
cents)
50
instalment
revenue
railway
Sales
Provident Mutual Life Insurance Co.,
Owed
from.—V.
its
to
1949
1948
in¬
.-..$102,990,269 $96,184,345
from
income
.
discount
bond
Provision
4
$190,591
•
(& Subs.)—Earnings—
dividends
and
Interest,
1950
2.
Authorized
4%
regard
31—
operations and
from
terest
those customers.
MARCH
OF
Operating
Operating expenses
Operating
Provision for depreciation and
Canada
Of
AS
New York New Haven &
borrow $4,000,000 in order to
Additional bank loans will prob¬
with
or
81,993:
January—
Operating
National Steel Corp.
offices
CAPITALIZATION
stock
undertaken,
be
Year Ended Dec.
4
company.
Unsecured
1949.
$2,333,835
$0.61
2027.
p.
company
Common
in
work
1947
1948
•
$193,38468,745
41,255
105,067
75,247
oper.»income—
Operating
and manufacturing plant are located
at
1255
South Michigan
Ave.,
Chicago 5, 111., and consisting of a
modern three-story and basement building, with a floor area of ap¬
proximately 50,000 square feet. The premises are owned in fee simple
by the company and ' are unencumbered, title thereto having been
acquired by purchase on Nov. 30, 1938.
The company also owns in
fee simple and unencumbered the now vacant and unimproved property
known as Nos, 1243, 1245 and 1247 South Michigan Ave., Chicago 5,
111., having acquired same by purchase on Dec. 23, 1944.
This vacant
land comprises a tract 75 feet in width by 130 feet in depth, fronting
west on South Michigan Ave.
and abutting an 18-foot alley at the
east end thereof, and is available for possible expansion of the busi¬
company's general
of
to
necessary
was
construction
financing
many
and
tree lights to
Electric Mazda decorative Christmas
ness
$0.88
——
be made to provide funds for the 1950 construction program.
It
is thought that such additional loans will not exceed $3,500,000.
No
definite statement can be made at present as to when any long-term
radio and television
one or more of
the
following
products:
"Candobm"
wire-wound resistors, variable
resistars, push-button switches, slide switches, spring assemblies. Inter¬
mediate
frequency
transformers, choke coils, radio frequency and
intermediate frequency coils, trimmer condensers, ceramic condensers
and antenna loops.
It also manufactures Christmas tree outfits for
chain stores and mail order houses,* as
well as distributes General
The
663,926
ably
♦Income
to
States
United
the
in
sells
and
manufactures
company
$2,997,761
the company acquired a
1945,
manufacturers
$3,340,717
—
—
.
,
FINANCING—It
finance
Manufacturing Co., of Chicago, III.
The
Income
Net
Earnings per share
wholly owned subsidiary.
The Rola Co., Inc., of Cleveland, Ohio, which in turn has a wholly
■owned subsidiary, The Rola Co., also of Cleveland, Ohio.
On Nov. 15,
19*8, the company acquired an additional wholly owned subsidiary,
set
$4,179,503
838,791
.
—
1949
$247,781
$2,450,692
547,069
railway—
171, p. 559.
Net
p.
21.
———
—
—V.
On Sept.
—
—
Other deductions
treasury.
Jensen
income
$3,631,958
547,550
income
Operating
Other
railway-
from
Net
—V.
(Continued from page 10)
1950
$237,402
103,848
January-
1948
19*9
31—
Years Ended Dec.
New York Connecting RR.-
Subs.)—Earnings—
..National. Fuel. Gas. C.o, J&
Monday, March 20,- 1950
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(1184)
of
to
that
all
shares
certificates
PROCEEDS—The
tive
6%
dividends,
plus accrued
unexchanged
shares
their
of
preferred
this exchange offer will be called for
share,
per
for
net
6%
preferred stock.-
proceeds
convertible'preferred
promptly
stock
from
not-
the sale of the 4 </3%
used in exchange for.
cumula¬
old pre-
Volume 171
ferred
stock
employed
The
will,
for
changed,
to
the
balance
of
company's
been made
and
in
i
be
proceeds
deposited
increases
is
it
and
is
ty
National
$16,134.
working
the
be
to
It
although
for
so
will
in
§tuart &
Inc.,
interest.
Carl M.
bids
Loeb,
Rhoades &
Co.,
Beane, 100.029.
Kidder, Peabody
part
by
Nebraska,
In
Iowa,
June,
from
the
established
of
means
bakery
Illinois,
1949
flour
under
the
its
and
name
home
to
Wisconsin,
routes
for
Indiana
and
properties
mill
the
the
in
its
sold
company
own
states
Salomon
R.
Company has fixed principal manufacturing or baking plants in
Omaha, Neb.; Peoria, 111.; Milwaukee, Wis.; Hamilton, Ohio; India¬
napolis, Irid., and Columbus, Ohio.
GIVING
EFFECT
TO
PRESENT
due
Aug.
1951
1,
through
Aug.
1964
4%%
cum.
Common stock
of
after
and
retirement
4% %
of
for
subsequent
cumulative
8,106
shares
None
issue.
held
now
level
to
preferred
the
m
cash
of
cumulative
treasury
and
of
the
notice
at
$103.50
share
per
share
if
share
Feb.
$101
28,-
28,
amount
an
if
equal
if
to
redeemed
if
$100
per
and
accrued
before
or
on
but
on
on
thereafter
share
accumulated
but
28,
on
Feb.
1953;
28,
Feb.
to
Feb.
before
or
but
28,
dividends
1951;
before
or
thereafter
after
28,
Feb.
before
or
but
redeemed
Feb.
before
or
thereafter
share
per
1965;
on
but
thereafter
redeemed
share
per
1963;
Feb.
redeemed
thereafter
redeemed
1955; $103 per
28, 1959; $102
before
if
if redeemed
on
1965,
the
or
plus
date
holders
time
but
share
of
the
by
at
Qn
Feb.
28,
1957,
$100
the
1955,
after
Feb.
jointly,
not
of
28,
stock
set
on
from
opposite
share
but
on
the
Feb.
Feb.
below
28,
agreed
First
per¬
forth
set
as
Wachob-Bender
Burns,
Raffensperger, Hughes
Co., Inc.____
15
15
Corp
Potter &
Percent
20',:o
—
Co
2%%
V.
Buffett & Co
STOCK
share)
per
EQUITY—Edison, the
follows:
as
in
cash
account
of
present
made
receipt
upon
$600,000
issued
and
Edison
•,
.
>?
of
iMay
tPfd.
stock,
4.25%
'Not
1)
stock
1949
*
TOf
the
$100)
171, p.
—V.
shares,
stock
4.75
A
letter
stock
tp be
-The
regulatory
per
share
offered
registration
effective
March
subscription
thereto
The
York,
to
on
and
14
will
about
directors
1,656,156
heretofore
prospectuses
be
March
Trust
the
the
stockholders
statement
rights
or
Bankers
approval,
upon
common
mailed
York,
also
reach
the
common
March
the
14,
SEC
1950.
Light
Long-term
Reserves
N.
the
New
market
&
of
are
to
No.
warrants
covering
stockholders
entitled
has
been
appointed
New
stock
This
White,
Weld
sale
holders
to
to
buy
rights.
sell
the
trust
additional
to
company
rights
in
act
agent
as
connection
with
for
warrant-
subscriptions
or
banking syndicate of about 200 investment houses headed by
Blyth & Co., Inc., will underwrite the offering to common stock¬
of
record
reported
was
on
March
March
of
14
1,656,156
15.—V.
171,
shares
of
common
stock,
it
1050.
p.
of
the
to
Co.
negotiations
following
March
The
Intermountam
stockholders
subscribe
on
of
March
$16 per share on the basis of
held.
Ean
Francisco,
Heller,
to
Calif.,
20
been
given
fight
the
be issued.
Bank of America N.T. & S.A.
agent.
these -common
shares
issued
were
by
Edward
stockholder, who acquired the 69,768 shares through con¬
55,814.4 preferred shares recently purchased from the com¬
pany at $20 per share as part of a program to finance expansion.
version
a
of
Under
the
an
agreement with
opportunity
at, cost
to
Mr.
the
to participate
Heller ($16 par
company,
in
the
other stockholders
financing
share).—V.
171,
on
p.
a. ,pro
are
rata
also
given
basis
697.
reserved
Pacific Telephone & Telegraph
Operating
revenues
Uncollectible
1950
operating
1949
$29,864,294
1,231,585
revenue__
124,235
revenues
Operating expenses
Operating taxes
133,891
Net
Net
—V.
£33,590,116 $29,730,403
25,359,799
24.118,723
___
_____
!
4,389,082
after
3,019,617
$3,841,235
1,646,485
171, p. 1050.
to
as
its
Investment Fund, Inc.-
-Changes Name
With
28
with
15 announced that the
name
on
Jan.
24,
1950,
the
of. the outstanding stock,
directors
one
authorized
additional
share
a
twe-for-one
being issued
on
and
split-up
Feb.
15
for
each share held
as
of
record
Feb,
1, 1950.
The Security-First
National Bank, 561 So. Spring St., Los Angeles, Calif., is transfer
agent.
—V. 164, p. 3148.
of
a
the
the
—V.
offered
1950—Month—1949
1950—2 Mos.—1949
£48,628,233 $48,505,894 $97,197,548 $97,631,863
171, P. 698.
508,917
Delafield
of
1948
$20,824,996
2,580,675
—
$18,817,609
of net income approp. in prior years
to
earned
surplus
2,604,967
'225,000
$2,805,675
$2,604,967
1,124,484
_
earned
surplus
998,967
sold
(in
of
residential
sold
of
and
$225,000
other
$2.61
1.866,234
1,733,223
191,946
181,944
170,535
161,554
4,553
customers-.,
customers
residential
per
1949,
$2750
thousands)
number
December,
the
Oregon
from
the
contingencies
customer.-
U.
P.
4,990
Commissioner
for
reserve
"to
$2.61
$2.29
share
per
total
adidtional
income
the
authorized
federal
account.
the
Income
Commis¬
The
previously had required the company to appropriate from income
the
reserve
of
the
account
the
171,
years.—V.
of
the
p.
excess
and
1946
years
restoration
sales
Cost
The
which
its net income for
$2,600,000 of
over
1947.
$770,925
8.
of
transfer
bad
been
represented
appropriated
partial
a
the two
for
Equitable Gas
public offering
Co.
to
expense
Subject
interest
in
into
Equitable
it was
inc.
1948
1946
1947
.
$10,386,063 $19,349,705 $15,557,429
$7,333,777
other
8.233,775
10,194,260
546,999
_
Nonrecurring
Prov.
480,222
for
charges—
Federal
7,611,825
'
4,898,523
378,390
238,885
66,519
—*
——
tax
income
610,010
3,292,815
2,875,531
809,343
$995,279
$5,382,408
$4,691,683
$1,320,507
131,218
Net
.131,218
131,218
$1,126,497
$5,513,626
$4,822,901
34,161
67,253
1,167,260
2,139,883
1,091,841
326,930
Earn,
$1.28
$6.92
$5.98
$1.92
0.17
0.17
0.17
Gas
$1.45
$7.09
$6.15
on
per
profit
-V.
paid
______
gain
earns,
$1,320,507
share:
com.
capital
Total
Co.
announced
requirement
dividends
Operating
private
oper.
gain
income for year—
div.
Common
*
from
profit
capital
Pfd.
the
will be made
enter
1949
other
and
for.
for
group
Years—
and
sales
Depreciation
Net
stock
—
1949
of
taxes
the
at
Group
underwriting
a
Co.—Earnings
on
sale
results
conditions
;
•
shr.
per
1
170, p. 1400.
,
Nil
$1.92
the
of
system
stock,
would
all
be
The
SEC
maintained.
Equitable
Philadelphia
Radioactive Products, Inc., Detroit, Mich.—Files—
sale from competitive bidding
of the negotiations and the
are
of
the
gas
combined
and
under
the
serial
notes
(to
be
redeemed
at
part.—V,
171,
363.
p.
common
corporation
March
on
75,000
covering
($1
shares
filed
1
of
share), the proceeds
underwriting is involved.
per
a-
letter
used
be
of
stock,
common
to
notification
to
with
offered
be
working
fjc>r
at
the
par
capital.
No
.
.,
Reading Co.—Revenues Reduced 15% in 1949—
According
reduced
The
between
of
the
the coir^pany
Adams
Mr.
by
Mr.
each
for general corporate
the
and
the
directors
with
the
in
was
accordance
made
company
Feb.
27,
execution
1949.
of
on
dollar of
Dividends
of
The
an
an
Feb.
7,
from
agreement
bank
a
secuied
shall
was
in
revealed
a
filed
request
agreement
was
and
made
by
at
bank,
over
states
take
or
stated
all
it
the
the
The
Mr.
anticipated
It
price
the company
any
will
note
enforce
Adams,
enforcement
but
to
no
the
will
not,
the
New
Mr,
Adams
will
of
the
shares
of
preferred
stock
arid
liability
event
of
the
pay
than
the
Feb.
on
6,000
Reading has
Diesel
switching
$5,596,290, making the 44th
paid dividends on all classes
1,000-hPsix
multiple
unit
locomotives,
passenger
cars
all-steel
750
with
six
hopper
trailers
were-
acquired.
COMPARATIVE
STATEMENT
OF
Calendar Years—
EARNINGS
1949
1948
$
Revenues
from
Expenses
of
—
$
101,904,063
18,480,878
—
129,316,400
91,266,297
:.
109,747,175
27,412,337
8,900)159
13,282,669
202,166
operation—
operation-
accruals
Net payments
from
operations
(applicable to railway operations)
for rent of equipment and jointly
railroad
used
railway
Other
facilities—
income
a
note
Gross
operating income...
524,761
$9,378,553 $13,604,907
——
income
Fixed
Net
income
available
for
fixed
charges
charges
upon
balance' due.
approval
28,
any
non-payment
collateral stock then
and
totaled
which
"
and
cars
borrow
stock,
held
of
shares
of
the
1953;
that
such
1,932,286
1,812,436
—
$11,310,839 $15,417,343
5,421,784
5,323,555
—V.
for
other
dividends,
corporate
capital
purposes
,
.
$5,889,055 $10,093,788
Republic Investors Fiamd, Inc.—Axe Managers—■-
limited
by Mr. "Adams.
common
available
expenditures and
171, p. 952.
note
be
also
pioval
stockholders
to
in
Adams.
provides that Mr. Adams cannot, without
directors, prior to March 1, 1953, sell more than
agreement
York
sold to
the
without
later
personal
in
were
provides that the company
either of Mr. Adams or of the
maturing
will
Mr.
of
revenues
also
upon the request
such note and collateral,
that
over
company
against
is
purchase
stocly purchased.
time,
any
take
also
also
part
the
the
1949,
with
contract
with
year
revenue.
paid
year
Net
transaction
Exchange for listing of the additional shares
the
pur¬
1949,
agreement
employment
for
stock.
Tax
with
report
steel
consecutive
Adams.
The
It
stock
above
annual
compared with 1948, due to work stoppages in the
industries, as well as mild weather affecting coal
demand.
Operating expenses were reduced $10,637,766 under 1948,
despite wage increases 'and changes in working conditions.
Taxes
charged to railway operations were $8,900,159, or 8.11 cents out of
as
and
Net revenue
sale
the
to
15%
coal
stock at
price of $252,000. The price of the preferred was
per share and the common $9 per share.
Proceeds
will be used by
the
28—'•
be
to
total
$100
in
Period End. Feb.
5,749
508,917
—
to
transfer
covering
which
board,
(J. <D.) Penney Co.—February Sales Increased 0.25%—
5,749
shares
common
number
Net
authorization
the
over
competitive
-
8files
SEC
Pittsburgh Steel Co.—President Adams Buys Stock—
Avery C. Adams, who became President on March 1, has
purchased from the company 900 shares of its prior
of this
corporation had been changed to Counselors Investment Fund, Inc.,
that
the
proceeds of the sale of the 2,000,000 shares of Equitable
Philadelphia would own following Equitable's recapital¬
Philadelphia would retire its outstanding bonds and notes,
consisting of $33,709,000 of 4(4% collateral trust sinking fund
bonds,
due July 1, 1961 (to be redeemed at
103%%) and $2,400,000 of 2%%
stock
The
Feb.
61,171
97,462
5,749
1
operating revenue
"In
Pipeline
ization.
Stock
on
shares
Kilowatt-hours
ownership of Equitable. To that end, Philadelphia would transfer
to Equitable all of the outstanding shares of
capital stock of Pittsburgh
and
West Virginia
Gas Co.
and
Kentucky West Virginia Gas Co.
Equitable would issue therefor. $17,500,000 new
Twenty-Year 3%%
sinking fund Debentures and 557,647 shares of new comornn stock of
Equitable, $8.50 par, aggregate par $4,740,000.
and Splits Stock—
F. W. Koenig, President,
97,462
Puget Sound Pulp & Timber Co.—Earnings—
reorganization of Equitable,
in
properties
approved
American
pfd.
Calendar
Underwriting
tqrms,
sale
to
simultaneously
Pan
9,708,230
61,171
97,462
the
$2,592,063
2,748,658
14,368,560
61,171
„
Average number of shares of com. stock outstg.
Net Income per share
poses.
income—:
charges
operating
6,735,720"
952,762
12,151,439
508,917
B
Balance
class
1,159,692
District
preferred stock and 18,000 shares of its
Operating
1,229,078
shares_____
class
Fifteen
$33,714,351
Z
—
7,020,640
12,151,439
-
—-
shares
Restoration
1947
Co.—Earnings—
Month of January—
6,466,560
1,352,016
income
Net
Feb.
stock
common
the
jurisdiction
collateral trust
*
12,584,254
14,107,138
34,132,402
13,381,985
170, p. 2587.
Net
Co.—Subsidiary Borrows
nationwide
a
SEC
whether
Preliminary
oil
16,119,908
20,339,377
37,658,005
15.
question
to
68,768 shares of common stock at
additional share for each three shares
one
is subscription
purchase
have
for
17
No fractional shares will
Warrants
H.
Feb.
record
before
or
Express—Subscription Rights—
Dec. 31/47
$64,608,326
12,151,439
14,267,788
-
Portland General Electric
•
proposed
a.
10,288,341
Calendar Year—
per share at time of filing).
The
Mack, Jr., President.—V. 171, p. 952.
received
for
Dec. 31/48
$70,532,454
_____
pfd.
each
The Commission's order
exempting such
Pacific
debt
Average
33Vie), which are
through Delafield &
has
company
pro-
share.
a
such
a
1948
(par
future.-
near
This
head
to
of the SEC
approval
the
in
^A
holders
Kidder, Peabody & Co.,
&
§Represents
t$6.25
per
$744,495
SUBSIDIARIES
AND
7,508,101
surplus
Number
that, after carrying on nego¬
underwriters, it had selected the firms
Merrill Lynch, Pierce, Fenner & Beane, and
2,000.000 shares of
with
and
7,829,880
A
—V.
company on March 15 announced
tiations with various
groups of
of
arranged
CO.
OF
31,
($50,625
stock
stock.
1949.
Dec.
17,208,827
Average
Chicago
Philadelphia
Co.—Names
Equitable Stock—
also
the
in
prior pre¬
at
arrears
$4,939,014
preferred
$37.79
$5.50
on
29,510,346
class
on
above company to accept subscriptions for common
stock
upon
exercise of warrants,
and to transfer warrants, during
the
subscription period expiring April 5,
1050.
The
company
has
of
agent
$52.81
preferred
payable
,
$7
No.
Net
Y.
$7
ITEMS
$5
sioner
filed
was
Walter S.
to
go
B
expense
Number $5.50 prior pfd.
undesignated.
are
Stock Exchange
(approximately $11.50
are
amount
A
securities—__
surplus'
Earned
240,000 shs.
*
shares
shares
4,857,893
Coke
York
price
proceeds
this
class
__
Capital
:,
securing
$40,000,000.
at
1949
Firms—See
capita]
*3,538,170
$63,723,373
of
mortgage
100.000
4,878.592
notification
of
Of
liabilities
became
1950.
New
Co.,
with
and
subscription
a
of
record
filed
to
20,
set
shares
of
of
shares
60,915
54,660,330
$5.21
$5
class
to
Government
&
Current
Pepsi-Cola Co.—Files With SEC—
3,500
420,552
487,316
requirements
preferred dividends in
the
SHEET
shares
Co. above.—V. 170, p. 2587.
Pacific Gas & Electric Co.—Stock to Be Offered at
$30
to
vacation
to
.»
Gas
4,019,637
336,444
dividend
assets
171, p. 951.
Subject to
price of $30
mill
BALANCE
Gross
600,000 shs.
the
100,000
and
952.
Insurance
5,484.090
336,444
shares
$5,678,509.
share)
per
Ealance
income—
Peoples
3,175,000
f 609,138
1,000,000
,
in
1950
p.
pfd.
annual
inventories
railway__._ £66,760,866 $81,786,739 $77,374,173 $71,981,893
railway_____'_
11.568,040
12,709,661
9,070,395
8,112,075
172,
A
Current
1050.
oper.
19,559
4,350,000
Dec. 31/49
from
from
25,334,
17,889
624,000
shares
Accumulated
is.-applicable
for
Cash
200,000 shs.
forth
200,000
preferred
January—
ry.
381,705
taxes
Total assets
the
Pennsylvania RR.—Earnings-—
Net
1.813,965
622,245
date
at
pfd. shares
tAfter
Kilowatt-hours
Gross
value
all
of
of
common
3.000,000
.
set
as
authorized
class
aggregated
($129.50
$9,793,000
__j
1980
$30)____
except
1,924,922
100,772
per
Vision
41,049 shs.
(par
limited
76,438,337
§1,345,000
2,141,211
_
shares.
share)
Outstanding
'
___)
but total authorized indebtedness fixed
designated 4.25%
—V.
1978
(par
cum.
89,108,039
.
pfd.
A
surplus
preferred
Common
bonds,
(Nov.l), 1975 [
1)
(March
$
]
(
1945 due
due
series due
1947
$
844,810
prior
the
;
f
1948
17,765
the
40,000
EARNINGS
OF
of subsidiaries
$3.50
ferred
and
payment to
such payment
earned
Stee).
85,873,537 '
profit
'Surplus.
sale
a
of
from
to
the
Detroit
387,970
$5 class
progress
owner
in
of
Co.
76,543,595
bank
over
Deficit
stock
common
investment
Edison
and
additional
an
its
agreed
102,852,785
amortization
on
.
increased
15.
subject to
85,142,237
expenses
&
on
tEarn.
operations will be
requirements through the end
cash
March
the
from
outstanding 200,000 shares
bonds—•
series
series
From
6.75
Dinsmore
C.
Net
to
101,841,288
etc.
cost
yet determined.
COMMON
capital
2%%
6.75
6.75
Eugene
—
received
STATEMENT
expenses..*.
Div.
to
The National Co. of Omaha
7,4
during
probable
Vice-President
Pittsburgh Steel
1949
Federal & State income
during
the
upon
the
of
Minority interest
7.5
lnc._
&
of acquisition
&
John Douglas & Co.,
10
be
to
company's
company
mtge.
Net
Robert W. Baird & Co., Inc.
made
prior
80,559,351
vacation
Co.,
sev¬
respective
names
Percent
The Ohio Co...
sale
1959,
below:
Kirkpatriek-Pettis Co
to
executive
us
President
income
Exc.
CAPITALIZATION AFTER GIVING EFFECT TO NEW FINANCING
or
Feb.
28,
based
as
Adams,
79,720.546
Interest,
program, the proceeds from the
the increase in its common stock
from
not
of $600,000
transferred
stock
that,
expectations
Mr.
sales
Mill
requirements in 1951 approximately $6,000,provided by the sale at that time of additional
be
and
the
estimate
If
company any or all the stock,
in the agreement, the company
•'
resigned
become
Depr.,1 depl.
2%s.
be
to
or
;
1961, $30.00.
have
the
company
respective
28,
on
Adtins
to
Cost
&
stock, thereby increasing common stock capital by $1,200,$7,200,000 and Increasing the outstanding number of shares of
stock by 40,000 shares to
240.000 shares.
On March 6, 1950,
the company increased the
authorized number of shares of its common
stock by 400,000 to
600,000.
}
the
before
or
before
or
of
Mr.
Corp.
the
45
to
price equal to the closing market price on the dato
a
of the agreement.
Total
to
3%
buy the stock at
Net
common
share
but
on
made
its common
$100
privileges):
1951,
of
common
000
down
$
100.5669;
the proceeds from the
$600,000 which Ohio Edison
the
to
should tender
limitations laid
CONSOLIDATED
Corp. and
and Drexel &
as
months.
1953,
Year Ended Dec. 31—
Securities
bonds
calendar
,
the
to
use
expenditures
estimated
common
price
but
before
or
named
the
their
28,
1953,-
before
or
of
to
determined
dilution
to
into
4V2%
one
be
with
the
consecutive
were:
for such
(par $30
company
any
stock
into
shall
and
kind
a
issued
the
of
redemption
the
Inc.,
Authorized
at
equal
stock
Feb.
on
be
conversion
28,
1955,
but
underwriters
purchase
to
shares
28,
1957,
1959, but
UNDERWRITERS—The
centages
Feb.
after
for
such
conversion
per
The
Feb.
28,
lixed
always
(subject
$18.50;
entitled
convert
of
common
price
after
be
cdnvertible
follows
1951,
$22.50;
alter
of
be
$20.00;
28,
to
shall
conversion.
as
date
1961,
stock
shall
shall
purpose
conversion
such
be
1953,
the
28,
the
shares
of
stock
the
and after Feb.
erally,
Feb.
preferred
of
Feb.
28,
$25.00;
$27 50;
by
shall
stock
preceding
For
number
date
betore
or
before
Feb.
day
than
preferred
stock
preferred
follows:
the
and
dividing
common
10th
as
convertible
4I/a%
stock
4Va%
later
not
stock
cumulative
I«r
the
to
up
thereof
common
the
of
for
intends to
current
the
to
INCREASE IN
redemption.
The
that
of
company
STOCK—The
These
construction
and
have
company
$104.50
per
and
4Va%
PREFERRED
Equitable
102.229
company
meet
to
will
preferred stock Is redeemable at the election
in whole or in part at any time upon at least 30 days'
share
per
4»/a%
the
hand
securities
convertible
of vbe company
$104
NEW
bid
together
bonds
new
1950
of
OF
2%s.
as
100.369; Stroud & Co., Inc.,
100.2071, and Merrill Lynch, Pierce, Fenner
.' <
'
f i
'
& Co.
contemplated
on
000
conver¬
stock
bonds
Blair, Rollins & Co.,
100.5327;
construction
of
sufficient
J158,124
fPrior
and
the
Co.,
earnings and
the
compary.
DESCRIPTION
for
of
the
of
20,000
convertible
of
(1185)
12
Div.
of
500,000
available
the
of
any
for
company contemplates expenditures for construction
year 1950 in the amount of approximately $4,430,000.
Outstdg.
20,000
$100)
ipar
$1)
(par
"Authorized
sion
prelerted stock
stock
the
bid
a
on
The
$1,550,000
10,000
conv.
'Preferred
&
bonds,
Officials
$2,000,000
Co.
Hutzler,
Otis & Co.,
new
treasury
1,
...
sale
and
of
1950.
FINANCING
Authorized
Debentures
10\Va%
the owner of all of the issued and
outstanding common stock of the
company,
proposes -to
pay
to the company in connection with the
increase in its investment in such common
stock, together with cash
on
hand and to be received from
operations, for or to reimburse its
withdrew
milling industry.
CAPITALIZATION
&
Pressprich
100.27;
the
of
of
'
.
W.
Bros.
PROCEEDS—The company
most
Ohio.
and
—
award
won
competitive
received
were
Company is engaged in the'manufacture and sale of bakery prod¬
ucts, including bread, cakes, pies, sweet rolls and
doughnuts, all of
distributes
at
prices for the bonds range from
104%%
special redemptions are scaled from 101V4%. to 100%.
other
incorporated in
Delaware
on
Nov.
18,
1925
as
Baking Co., the corporate name having been changed to
Omfir Inc.,
during 1938.
The principal executive office
is
situated
at 1910
Harney St., Omaha, Neb.
it
1980
underwriter
at
Halsey,
$3,000,000 first
offered
due
redemption
while
Six
COMPANY—Was
products
13
15
series
The
March
on
Regular
100%,
business.
National
which
Bonds Offered
—
March
on
2%%
CHRONICLE
100.73%.
will
carrying of increased inventoiies
necessitated by expansion of the
capital
bonds
bonds
has
funds
Co.
accrued
the
to
allocation
additional
FINANCIAL
ex¬
after
added
&
Pennsylvania Power Co.
trust
$256,700
be
specific
no
COMMERCIAL
mortgage
the company
expected that these
provide
funds
Bank,
estimated
of
expense
this time
to
for
will
capital
probably be used
Qompany's
and
the
of
working
at
necessary, be used to replace
of the old preferred stock not
redemption
estimated
THE
extent
with The Omaha
purpose
deduction
the
aforesaid,
as
for such
Number 4891
stock
in
ap-
The stockholders
us
any
investment
The
300
V-.
Fund
169, p.
on
March
managers,
is' cue
910.
of
and
the
^ voted to retain-E. W. Axe & Co., Inc.,
Leffler G'orp; as general distributors.
existing mutual fund^ with leverage.—
46
(1186)
Rjtyonier Inc. (& Sub.)—Annual Report—
1948
1949
sales
$48,710,192
♦Cost of sales
Selling,
&
general
1947
44,482,854
1,338,934
1,416,380
expenses
FINANCIAL
1950—3 Mos.—1949
Period Ended Jan. 31—
all
after
Profit
ing charges
$63,411,202 $49,964,041
37,447,207
admin.
&
CHRONICLE
Monday, March 20, 1950
(Joseph E.) Seagram & Sons, Inc. (& Subs.)—Earnings
.
CONSOLIDATED STATEMENTS OP INCOME FOR CALENDAR YEARS
Net
COMMERCIAL
THE
34,834,122
1,081,675
its
The company
$15,312,054 $11,507,364 $32,955,806 $28,101,044
prof-
ing
*
6,065,000
taxes
4,810,000
13,300,000
$4,000,000
will
11,850,000
be
D.
Net
.
Profit
from
operations
$17,589,414 $14,048,244
$9,846,605
_
income
325,110
:
585,247
profit—
—V.
$9,247,054
"
,
••
-
Total
income
$10,171,715
-
Unci,
interest
exp.)
642,651
William
462,360
B.
Nolan
L.
elected
was
bef.
Fed.
taxes
$9,335,349
^17,532,010.
The
still
President
to
succeed
the
late
Thomas
7,070,000
5,325,000
23,060
income—
on
Minority int. in inc. of subs,
co.
174,965
'
■_
Sentinel Radio
income
Cash
shares
$8,505,916
$5,975,349
$10,287,045
the listing of 4O,CO0 additional $1
1,252,410
1,252,410
2,484,678
1,242,339
issuable
are
on
a
basis.—V.
cash
Exchange
preferred stock__
stock
—
______
Earned per share on common—-
$4.75
•
$9.09
"Including
depreciation
and
depletion
of
$3,099,829 for 1946 .and $2,276,817 for 1947.
-
1,252,410
496,935
$7.30
for
$3,039,466
1949;
par
shares.
common
171, p. 852.
.On
ing
Feb.
27,
by
letter
a
shares
700
chare
of
of
notification
.
BALANCE
SHEET
DEC.
ASSETS—
The
—
U. S.
securities
Government
in process
Finished
3,350,780
861,900
—
-
4,522,398
742,823
'1,545,302
1,004,098
1,935,135
2,041,380
contractors, etc
•
541,160
♦Land, buildings, machinery & equipment——23,238,678
Timbcrlands, timber, logging railroads, etc., less
depletion and amortization
..J,
19,198,303
527,603
goods
Supplies
Advances
—^
r
—_
to logging
Fund designated for plant changes
by cash and U. S.
Investment
in
and
Govt,
to
21,250,736
Canadian
19,740,511
724,812
724,812
owned
subsidiary, at costrefund of prior year's Federal taxes
arising from unused excess profits tax creditSundry investments and deposits
—Lj—
32,288
32,288
228.139
240,901
charges,
1
etc.—
436,934
'
—
—-
stockholders
The
payable, current portion
Timberlands purchase obligations, current port.
Accounts payable
;
i
Preferred
—
—
dividends payable
Common dividends
$2,000,000
161,219
157,434
2,363,677
1,679,585
313,103
2,072,573
1,495,857
i—
313,103
payable-.
496,936
tCumulative preferred stock
stock
$2,000,000
'
Notes payable, due after one year
—a—!;
Timberlands purchase oblig., due after one year
Common
the
'
Co.,
Kansas
■■■'•
■
r
The
City,
of
16,000,000
295,483
401,907
15,655,125
15,655,125
993,871993,871
3,229,108
3,229,108
24,079,844
21,841,583
ipar $25)
Capital surplus
Earned surplus
—
$74,793
6
totaled
$1,236,300,
compared
The
..
.
with
ICC
March
on
instalment
authorized
7
the
or
notes
in
the
order
of
note
payable
to
company-,'.to
the
total
the
January—
1950
-
1
____
Operating revenues
Operating expenses
Operating taxes
the
68,735
,
>
for
reserves
depieciation
of
$21,557,481
in
and
1949
$19,-
tOutstanding
titled
shares
626,205
dissolution
to
operating incomecharges
or
dividends.—V.
$2
cumulative
redemption
on
170,
of
to
dividend
$37.50
series,
plus
share
per
171,
Federal
start
Operating profit
Depreciation and
Federal income
tem
1949
1948
1947
$4,302,371
1,363,550
$2,180,381
487,936
1,078,955
1,330,559
646,030
taxes
markets
serves
dividends.
Current
current
assets
$1,619,105
$1,608,262
$1,Q46,415
$6.56
$3.70
000.—V.
of
tBased
$6.51
$4.17
$3.66
$2.03
no
after
value,
par
345,000
on
shares
effect
giving
of
no
Co.—Hearing
on
in
Alabama,
Georgia,
Louisiana
proposed program Includes the construction
branch
.
line
line
pressure
loops
Alabama,
of
of
1232.
p.
is <named
,the
as
and 'Underwriting
prospectus,
These
shares)
principal
terms
to
are
>•;
shares
43,500
1
underwriter
be
supplied
r;v
.
being sold
include
and
are
Dillon,
Lazard
Read
Freres
Co.
&
Inc. and
shares).
Co. "(62,500
&
own
Pennsylvania Indus- /
1,027,839 shares (46.6%) j
of
aggregate
an
to the prospectus.
by
selling stockholders,
them
will
be
18%,'
9
and
699.
from
.,
Ry.—Earnings—
,
:
1950
/
.
,
*
held
i
f
.
-r;
Sacramento Northern Ry.—Earnings—
Construction
would
000,000
of
increase
cubic
the
27,620
45,887
10,683
20,894:
r.r
.
NOTE—For
}
order.
to
mechanical
reason*
it ia not always
companies in exact alphabetical
are always a* near alphabetical
arrange
However,
position
they
passibls.
as
Mis¬
and
of
main
line
addi¬
*
■
connecting lines in Texas, Louisiana,
and South Carolina, and a new highfrom
the Gwinville
(Miss.) Gas Field to
proposed facilities, estimated to cost $32,928,630,
of company's pipeline system by 109,day to a total daily capacity of 529,000,000
the
feet
feet.—V.
capacity
per
171, p. 364.
In
Month
of
Operating
January—
Jules
January,
have
volume
Lippmann,
D.
1950
2,500
600
$507,576
395,252
"Textileather
went
to
on
when,
"Even after the
319,190
51,476
v
39,434
"the
set
another
the
of
substantially
'
,j
record, In '
new
the
year,
number
exceeded
'
.
■
of
those
"
'
record-breaking January shipments " Mr. Lippmann
unfilled
1."—V.
Jan.
on
tbi»
by
Lippmann
said,
the
corporation
surpassed
all
its 4C-year history for the number ,oi
value of goods invoiced to purchasers.
Mr.
that
added
continued,
$397,425
revenues—
"
.
announced.
1949
$398,025
has
previous monthly records in
units shipped and
in dollar
in, the .shortest month
processed through to the plant
processed in any previous month.
$510,076
; ■
established
been
President,
orders
Co.—Earnings—
revenues
business
for
records
New
He
Southwestern Associated Telephone
••/
.
.
Textileather, Inc.—New Business Records—
February
Operating
1950
•Deficit.—V.
171,
1949
$156,570
railway
Net from railway
Net ry. oper. income
expenses
Operating taxes
$141,674
11,901
*50,119
*17,989
*75,422
594.
p.
backlog
167,
of
business
Feb.
on
1
higher
was
1512.
p.
1
/1
Thompson Products Inc. (& Subs.)—Earnings—
Year End. Dec. 31—
Net
Net
Net
operating income
after
—V.
$60,848
$38,801
40,056
charges
23,845
Taxes
The
corporation
mating
plan
per
A.
share earnings
liquidation
of
C.
3
mailed
stockholders
letter
a
esti¬
during
1949 on the basis of the proposed
stockholders will vote on March 15.
which
upon
to
Month of January—
"Operating
if
and
had
the
results
plan
been
of
the
of
in
operation
Oil
Standard
Cedar
liquidation
Company
had
Point
Field
become
throughout
for
the
of Texas would
year
have
of
expenses
the
trust.
Payment
of
Uncollectible operating
89,942
revenues
such
Operating revenues
Operating expenses
year
Operating taxes
the
amounted
the
82,598
Earns,
Prov.
prior
a
18,026,421
per
year
for
additional
the
three
balance
amounts
year
1,842,602
the
of
averaging about 17 cents
period."—V. 171, p. 852.
per
share
$2,267,366
1,761,100
—V.
171, p.
$542,798
103,095
*
announced the
Hill
President
and
General
purchase by this company of the
Manager,
on
Feb.
Standard Oil Co. (Indiana)
$3,500,000.
The
at
least
move
business,
is
which
95%
capital stock of C.
The agreement requires that Savage
of the outstanding common stock.
made
by
includes
Savage
the
to
expand
manufacture
of
its
ice
present
cream
Arms
and
Their
products
are
distributed
through
200
distributors in
the
United States.
Hill refrigeration cabinets are made in Canada under
arrangement with Fabien Limited of Montreal, P. Q
Canada and
distributed in other foreign countries by the International General
Electric
Co.
A
considerable portion of their product is sold directly
indirectly to many of the leading chain stores, such as A. & P.,
Safeway, Grand Union, Food Fair and First National Stores.—V. 170,
and
p.
10.
351,367
854,644
437,297
437,297
437,297
share—
depreciation—
$12J58
$9.57
$9.57
$2.71
$1,574,3*2
$1,193,724
$1,007,708
$725,609
com.
436,697
the
the
to
by
during
$5,293,064
of
close
working capital increased by $4,850,605
and amounted to $30,240,731 at Dec. 31, 1949, 'as
$25,390,126 at the close of 1948.
Inventories were
company's
year
with
1949,
and
amounted
to
$18,017,874
at
the
year.- Cash
and government securities amounted
compared with $4,559,922 at the end of 1948.
Current
•
$10,354,928,
current liabilities $6,806,542.
December, 1949, the company repaid the first instalment
term bank loam, reducing this as of the year-end
$8,750,000.
Since that time it has prepaid the second instalment
paid
38,045,956
40,441,410
64,622,272
99,637,876
share
per
64,310,466
$6.72
$9.16
$6.21
135,009,000
269,263,654
252,000,000
220,000,000
1202,878,096
1206,391,754
2.86 to 1
worth,
J2.04 to 1
12.47 to 1
1,083,343,199
at year-end
value
share,
per
year-end
1,018,721,446
924,870,060
at
"
$70.83
$66.65
96.808
97,073
48,692
45,967
$60.51
•Including, in 1949 and 1948, dividends in capital stock of Standard
Company
(New
Jersey)
at
average
carrying
value.
tRevised
NOTE—In
from
repayable
April,
a
in
group
15
of
the company borrowed $50,000,000
insurance companies and others.
The
annual
as
United
Fruit
losses,
pany
profit
instalments
beginning in
1965.
for
30
loan
It
Depreciation
Property
Foreign
$20,000,000
of
.
borrowings
Subs.)—Earnings—
1949
.
—
—
(net)
exchange
:
—
.___
Balance
Other
1948
/
$95,082,085 $101,424,341
13,545,021
11,289,322
Z41.904
464,506
664,206
8.1,858
other
debt
was
repaid
on
$3^630,954
——
$89,589,155
3,021,410
2,151,076
$83,652,364
—
income
$91,740,231
32,000,000
——
1
;
Provision
for
•Net
U.
S.
schedule.
•Before
was
for
income
Dividends
of
(&
depreciation, property
eliminating
intcr-com--
losses
Earnings .per
total
bank
and
foreign
income
28,800,000
taxes
is
to replace funds that had been used for capital expenditures.
of the loan were largely invested in short-term securities and
fully accounted for in increased cash and securities at the year-
A
of
was
obtained
171, p. 987.
Co.
before
etc.
(after
profit)
were
end.
the amount
171, p. 1086.
reducing
Year Ended Dec. 31—
Operating
Proceeds
—V.
thus
1951,
1,
Feb.
of this date to $7,500,000.—V.
Total
1949,
equal
to
$10,000,000
to
conform to present classificotion.
years
its
97,495
46,736
:
Stockholders, at year-end
Employees, at year-end.
Oil
of
94,880,715
30,570,249
102,668,228
year-end
Book
refrigeration
display cabinets for the retail sale of ice cream. The C. V.
Hill & Co., Inc. is one of the largest manufacturers of
refrigerated,
self-service, display cabinets for the retail sale of meat, fish, vege¬
tables, dairy products, frozen foods, etc.
are
$1,535,419
393,182
1,311,741
for
due, on
140,079,286
taxes)
Earns, retained in business-
Net
1947
$922,810,305
Capital expenditures
Working cap., at year-endWorking capital
ratio, at
Corp.
cabinets
inc.
V.
open-top
an
•Dividends
1948
$1,170,283,161 $1,245,786,091
(aft.
earns,
(& Subs.)—1949 in Brief—
1949
income
Net earnings
Co., Inc., of Trenton, N. J., subject to the approval of the
stockholders of Savage Arms Corp. at its annual
meeting to be held on
April 18.
The price to be paid for all of the common stock is approxi¬
obtain
$4,577,737
387,032
1,202,567
During
25
&
mately
$4,572,100
$6,014,748
assets totaled $37,047,273,-and
852.
Years End. Dec. 31—
Savage Arms Corp.—To Expand Refrigerator Business
Hickey,
1,151,000
380,302
per
during
■
*3,214,948
2,733,509 Cr3,599,366
shares outstdg.
reduced
Net operating income
after charges
Net
Net
F.
'7,311,246
3,327,905
•
1,311,891
compared
Total
Frederick
1
declared
NOTES—The
18,289,765
2,951,945
about
price for the properties sold to Salt Dome Production Co.,
discharged in approximately three years, would make available for
distribution
1946
$23,245,732 $20,675,165
royalty
to
per share of Salt Dome stock, of which 73^ cents would
been
aavilable
for
distribution
to
stockholders
after
paying
administrative
7,900,005
declared
divs.
divs.
Common
purchase
if
,
3,393,042
conting
profit
Common
1949
$23,335,674 $20,757,763
were
1949,
for
Preferred
1950
revenues
in
cents
76
have
Operating
1949
effective
9.407,790
•Loss.
Yarnall, Chairman of the Board of directors, said:
that
from
March
on
taxes
income—
on
Reserve
1947
1948
-$107,608,803 $96,994,774 $92,511,680 $62,451,423
income
171, p. 698.
Southwestern Bell Telephone Co.—Earnings—
Corp.—Earnings Estimated—
1949
sales
Profit bef.
Net
Salt Dome Oil
\
$92,?90
699.
possible
and
Operating revenues
'
_•
1949
,
$53,544
operating income--
p.
these
vf-
railway
171,
by
stock
respectively^—V/'Z 171,
railway
railway
—V.
of .outstanding
11.8%,
;;
January—
Net
the 100.000 Shares
percentages
;;
Texas & Northern
from
After sale of
the
12/2%,; and
*
from
-
by
Hecla Coal & Coke Co. and
rhree
corporation,
Uncollectible operating
January—
,
outstanding shares of Texas Gas stock, and are directly »
or Indirectly controlled by J.
H. Hillman, Jr. (of Pittsburgh, President {
and Chairman) /and his family.
The average cost of the shares of ^
common stock owned-by such companies is:
W. J. Rainey, Inc., $2.30;
Hecla Coal & Coke Co., $2.83,. and Pennsylvania
Industries, Inc.i $2.44, '
than
Gross
,
1-71, p. 1Q56.C
total
the
Georgia
extending
to
31, 1949 totaled $3,796,969, compared to
$1,063,401.
Debt, other than current liabilities,
while arrears on the class A stock amounted to $4,500,-
169,
the
(35,306
April 4—
value.
par
Dec.
at
liabilities
$800,000,
was
shares
240,000
on
Co. .,Inc.
-
tions*
Mississippi,
cubic
•Based
preferred
&
individuals.
or
in
4
Aiken, S. C.
Net profit
•Earnings per class A share
tEarnings per class B shares
Read
.
,W. J. Rainey, Inc.,
tries, Inc., presently
Commission on March 9 scheduled a
hearing
Washington, D. C., on the application of this
authority to expand its natural gas transmisision sys¬
for
which
The
848,647
.
v
to general funds of'
to time; along, with other
sissippi.
$3,546,707
depletion
1,618,883
supplied by
financing will be added
W.Jy
Rainey, :in(f., '28,250 , shares by Hecla Coal & Coke Coi, *28,250 shares
by-Pennsylvania Industries, Inc., and 113,306 shares-by seven otherY
Power
April
company
Riverside Cement Co.—Earnings—
Years—
of the
852.
p.
Southern Natural Gas
The
to
Calendar
$2,036,365
1,885,424
SEC
en¬
1807.
p.
$2,329,172
after
—V.
980,602 in 1948.
accrued
Net
the
•
-According to
.
$22,067,484 $19,672,915
16,861,747
15,239,448
2,876,565
2,397,102
_.
with
& Co. are named
price and under¬
The public .offering
dividend rate, are to- be
underwriters,
well as the
as
public, offering •;price
according
1949
100,227 >
registration' statement
a
cumulative.preferred stock ($100 par).
coihpany/-/\'Z"•
Dillon,
The
Net
Net
$64,793,119 $64,635,393
•After
terms,
associates
$22,167,711 $19,741,650 ;
„
at which-the;
the stock¬
by
.....
.
Gross
Total
filed
14
pp.
revenues
action
for
.
72
Southern Bell Telephone & Telegraph
Co.—Earnings— '<<■
Uhcollectible operating revenues
submitted
be
Webster Securities Corp. and White, Weld
proceeds
firms
exceed
Co.-in
consecutive monthly instalments; said note to be delivered at
par to
the payee named therein to finance a part of the
purchase price for
certain new motorbuses, and payment thereof to be secured
by a con¬
ditional-sale agreement covering said new motorbuses. V8-: '■ ■
•/* •\
Month of
the meeting
date for
new
a
will
.
by.•'amendment.K'.'r*vy ' Y..!•.•/;?•'
4%%
a
not jto
Motors
{U
/
.
,^The /corporation .on March,;9/jled a ^registrationstatementsw'itb,
the SEC covering ,2^3,306 shares of ccmmon stock, $5 .par value, sall
of which, afe"
prb\ehtly/l voutstantimg and.. £re being offered for sale
by "/selling stockholders."- None of the proceds will/be .'payable ta
$1,425,314.
issue
amount
ACF-Brill
;
Texas Gas Transmission Corp.—Registers With SEC—
..
Somerset Bus Co.—Notes Authorized—
The
the. shares
the company and will be used from time
cash resources, fop the company's expansion program.—V.
'
$409,572.97,
9.
p.
100,000 shares .of
amendment./'Y
a
produced
notice/fixing
171,
March
'on
writing
•
year earlier.
The net loss, alter depletion and '
reserves, was $158,901, compared with $12,287 in 1948. -
depreciation
Concentrates
con¬
corporations, .<foI~'
distribution to the
of stock of/the two-new
new
;
the. principal
as
Mo.—
,
was
adversely affected by the fact that. Its gold
nearly 40% In the areas of operation last year. The "r
company did a considerable amount of development and exploratory
work1 in opening new areas, Charles A. Chase, General
Manager, said, v
The development costs were $131,587, against $95,887 a year
ago. ^ > v
•
The operating loss for 1949 was $81,781 compared with an
operating
profit
two
and the
company
of
company
>
'~
.obligation.
the
and closing agreement is
relating to certain tax
to
company
the
of
reorganization
covering
\
,
the
of
ruling
a
Department
reorganization which provides for
Tennessee Gas Transmission Co.—Registers With SEC
per
'
•
Operating
14,000,000
$1)—:
(par
'
Paine,
The
company
content dropped
421,920
LIABILITIES—
liabilities
Mining
March
on
Dissolution.
—
cover¬
$16
adopted a resolution permitting di¬
rectors to issue $225,000 of 6% bonds to mature Dec. 1, 1955, in the
event the present issue which matures Dec. 1. 1950, is not
paid off or
extended.
James M:. Oldham, President, said that it is the hope off
the management that funds will be available from operations to meet
240,901
$64,793,119 $64,635,393
Notes
Accrued
'
*
'
Bonds Approved—Earnings—
secured
Total
952.
p.
at
through
201,976
_
Estimated
Deferred
the SEC
sold
,
'
wholly
be
Boston
.
(represented
securities)
advances
171,
with
to
of
assets
of
the year a
in
,
market:
or
materials
Goods
3,414,679
5,676,681
5,131,700
r—:—
Inventories, at the lower of cost
Raw
3,259,587
'
Notes and accounts receivable!
'
Shenandoah-Dives
1948
$4,092,587
Calif.
Angeles,
application for
the Treasury
dissolution
the
Stone &
$4,067,500
—_
Los
before
the
of
by
holders.—V.
.
31
1949
Cash
par)
Bank
Boston.—V.
'
"
filed
was
(no
Shawmut
Webber, Jackson & Curtis,
CONSOLIDATED
stock
common
National
the
Co.,
the proposed plan of
proposed
»
Oil
Accordingly, the meeting will not be reconvened as originally planned
on March
21, 1950, but the company plans to send to stockholders later
■..
■
Shawmut Association—Files With SEC—
•
price
& Co., Washington,
The net proceeds are to be used to
working capital.—V. 170, p. 2587.
"t
'
corporations.
March 2
on
dividends:
$2 cumulative
Common
cover-
underwriters.
company's
stockholders
Corp.—Add'l Shares to be Listed—
The Board of Governors of the New York Curb
approved
Net
the
pending
lowed
-
5%
a
10-year
by. amendment.. Johnston,. Lemon
be
effects of
Wright.—V. 170, p. 2134.
$13,853,976
3,360,000
thereon—
taxes
registration with:the SEC
sinking fund debentures./-'The
off serial notes and for
veyance
Net inc.
Federal
filed
15
Postponed—
Seminole Oil & Gas Corp.—New President—
$18,174,661 $14,316,336
836,366
of
Superior
,
...
Other expenses
March
on
$6,697,364 $19,655,806 $16,251,044
170, p. 2439.
268,092
filed
will
C.
pay
Other
..
k
-
—
Income and excess
State Loan & Finance Corp., Washington, D. C.—Regis¬
'
•
V!
••
' /
0 *
ters
1950—6 Mos.—1949
oper at-
year
declared
snare——r—:
!
$54,852,364
—.
r_
35,099,988
.
.
$59,740,231
35,099,988
$6.25,.-
•
.,$6.81
provision of $7,000,000 for abnormal construction cost which
cents per share.—V. 170, p. 1539.
equal to 80
<
-
Volume 171
Number 4891
THE
Union Pacific RR. Co.—Annual
Report—
CONSOLIDATED
I
*
INCOME
STATEMENT
194-9
United
CALENDAR
FOR
1948
YEARS
1947
1946
}j>
$
'
'
$
$
1
Opcr.
revenues—Freight 332,654,719 359,724,653 330,468,521 263,825,663
Passengers
32,400,923
42,369,215
46,412,313
64,767,863
Mail
13,463,137
12,501,509
10,261,534
7,928,256
___
Express
Other
:
4,720,147
5,735,703
5,635,676
6,420,631
15,584,157
_
COMMERCIAL
17,252,052
17,275,660
18,453,122
from
oper,
revenues..
398,323,082 437,583,132 410,053,705 361,395,534
■"Maint, of way & strue.
of
63,410,805
equipments
60,680,926
73,337,28!.
53,128,675
72,865,946
69.181,745
1949,
year
9 333,112
8,486.056
154,397,879
146,741,604
During
the
to
than
total
its
adding
and
that
and
23,075,725
24,125,333
22,916,543
22.855,193
the
and
the
for
amount
of
its
facilities,
exhaustion
postwar
facilities.
At
required
expended
corporation
replacements
wear
"in
$875,100,000
1949,
year
additions
for
the
$179,100,000
lor
complete
all
authorized
replacements
CONSOLIDATED
STATEMENT
1949
sold
serv.
OP
Wages
Feci,
80,900,417
116,179,916
109,599,081
74,585,795
16,187,350
15,843,910
14,971,732
13,885,835
12.480,000
34,840 293
30,449,590
12,269,366
Soc.
1947
$
$
Sec.
sal
906,387,149 1,005,829,124
taxes
872,496,549
679,353,429
15,986.855
19,692,732
20,663,936
7,129,924
10,191.648
10.402,279
9,120,897
905,293,294 1,013,756,603
841,915,356
589,606,301
serv.
10,587,112
10,103.238
13,971.345
10,364,736
110,853
83,221
124,850
289,546
16,463,756
14,205,801
14,410,230
Wear
12,228,794
rents
&
exhaus¬
from
tion of facilities
War
costs,
for
119,661,652
145,986,681
114,045,483
68,739,174
prov.
in
Strike
trans¬
portation operations
Inc. fr. oil opers. (nat)_
Divs.
Int.
prior
21,707,437
41,975,632
36,757,231
26,953,352
27,140,327
26,540,409
16,957,218
6,621,631
3,736,241
2,711,351
2,343,818
2,913,483
2,124,657
2,273,337
2,717,036
1,895,774
963,391
4,460,896
56,458,369
74,315,440
5,946,176
Other Income
income
Interest
Misc.
funded
on
and
rents
tReleased
debt
chgs.
from
1,102,165
reserve.
misc.
1,079,672
Crl04,812
Est.
Fed.
857,234
Divs.
ptd.
on
Surplus for
49,694,528
st.k._
-mm.
67,454,324
3,981,724
3,981,724
co.
Div$.
34,211,738
3.981,724
63,472,600
52,013,745
30,230,014
20,56
28.55
23.40
T'ransf.
to
earn.
22,229,100
26,674.920
22,229,100
13,337,460
23,483,714
surp.
'Including deprec.
amort,
charges:
Maint.
of
Maint.
36,797,680
25,784,645
&
& struct.
5,268,468
14,226,195
tReloased
inent
from
Divs.
"reserve
against
6,460,561
5,930,612
4,795,776
12,456,541
10,253,351
9,431,381
.,
possible
refunds
on
•
S.
U.
Govern-
1949
road, equipt., etc.
(net)
(U.
S.
Govt,
secur.)
—
35,317,424
129,627,845
127,098,148
25,219.677
56,135.975
52,219,512
45,692,073
34,813,008
stk.
com.
56,186,398
$4.00
$3.90
•'■"Based
on
presently outstanding common
up on May 12, 1949.—V. 171, p. 788.
1.177,095,175
stock
28,589,790
affiliated
to
Interest
first
unpaid
nounced
March
on
proceeds
from
additional
10.-
the
proximo)
interest
stock
common
in
companies
companies
will
used
be
controlled
by
to
it.—V.
Dividends matured unpaid (incl. dividend on
tominon stock
payable second proximo)__
to
mechanical
it
reasons
companies
arrange
order.
However, they
position as possible.
Taxes
accrued
Other
current
Deferred
i
35,378,707
44,086,708
in
always
are
6,754,365
8,547,389
270.040
270,678
unadjusted credits
surplus
surplus—appropriated:
Additions
and
betterments
Sinking
fund
Reserve
is
not
726
on
U.
JBalance
2,029,442
S.
as
425,588,234
402,581,587
39,584,547
.
tPar
both
value
years
of
Union
Pacific
$222,291,000
was
$50
per
share);
Ry.
Co.
common
the
Oregon-Washington
Co.
Ry.
RR.
consolidated
owned
&
the
the
books
bonds
stock
owned
by
intercompany items,
Salt Lake RR. and St. Joseph & Grand
system.-ticdKipanies
issuing
companies
(less
not
are
included.
securities
The
47o
series due
Cum.
in
the securities
up
carried
arc
to balance.—V.
the books
on
171, p.
There
the
of
have
been
sinking
2^4%
called
fund,
series
for
'Of
stock
1967,
at
first
100
all
of
the
April
on
mortgage
and
11,
March
on
$300,000
owning companies'
Net
sales
before
1,
York,
p.
1950,
and
interests
for
and
taxes
come
trust
will
be
DEC.
expected
and
Federal
31,
'15,000 shs.
and
located
in
where
four
electric
have
been
paid
per
share;
30 cents
May 2, Aug.
200,000 shs.
its
on
1,
1949, and Nov.
1,
stock
1948,
1,
10
certain
counties
service
1949—9 Mos.—1948
665.139
135,000
922,137
230,000
1949, 30 cents
located
in
the
Upper
Peninsula
of
income___.
$41,981,182
1.478,208
285,000
3,000.000
435,000
3.000,000
Shares
$277,611
share
outstanding
'Less
loss—V.
income
171,
p.
tax
t$2,564,861
$637,137
$0.56
+$5.14
$1.28
'
499,241
credits
resulting
699.
addition*
total
$2,100,000.
of
Co.
California, in the State of California.
Service ia
exchanges in live districts totaling 23,400 square
through
68
estimated population
an
Auto
Supply
of over 389,000.—V.
Co.
(Mo.)
1087.
171, p.
Earnings, etc.—•
1947
1949
1948
s
sales
$
67,742,494
67,9'.'9,269
69,305,036
57,689,913
58,058,393
52,089.395
125,937,062
121,395,031
6.194,022
9,473 487
7,096,885
107.619,168
12,356,558
2,435,785
3.723,069
2,391,871
4.809,730
7,546.828
(net)
sales
(net)
■
1946
$
58.592,179
49,026,990
inc.
bef.
Inc.
taxes_
taxes
Net
profit
3,758,237
5.750,418
2,254,104
2,254,104
2.254,104
3,756,840
1,504,133
paid
4.205.014
Balance
in
Earnings
Book
surplus
3,496 314
1,950,910
3,789,986*
share
per
value
$5.00
$7.65
$5.60
$44.99
share-
per
$42.98
$38.33
$35.73
499.241
499.241
therefrom
t$l,956,792
of
$1,750,000
•
t$3.92
499,241
fNet
$10.04:
and
adjacent
to
the
Keweenaw
working capital
42,845.169
41,505,607
28.134,941
27,910,767
worth
33,801,192
&
Total
taxes
Number
—V.
entirely with energy generated in
during periods of extreme low water or
(Iron
located
rural
cent
in lion
with
areas
the nonaffiliated
which
of
its
is
electric
business,
now
River
County and
serves
Division)
five
purchased by
energy
the
company
The company
engages
intends
to
is
the
of
names
the
from
the
to
merchandising
continue
the
several
stock offered,
the
of
business
Curtis
ter
Webster
21.20
Securi¬
principal
Opcr.
revs,
&
Co.
2.107*
Fairman
Harris,
'1,743,644
'570,184
'473,250
150,407
164,290
1,316,137
1,6^3,108
Inc.
'
Doyle, O'Connor & Co., Inc.
1.84
2.63
2.63
Granbery, Marache
Folger, Nolan, Inc
.__
Co
Marshall
Co
&
•„
Co
&
Co.
Evans
&
'1,579,354
745,953
1,159,858
449,721
5*204,967
5,331,661
512,875
income.
'4,171,803
'2,029,075
'4,459,014
162.238
18.353
1,025,453
4,070,76*
959,254
1,745,077
971,080
1,770,077
1.C34.367
'265,145
'2,462,481
1,069,038
3,000 Crl,136.000
36,000
48,000
'2,498,481
1,621,03#
inc. (net)
(net)—
accounted
during month-
Net
Clayton Securities Corp.__
from
Homer Collins & Co
net
inc.-
transferred
earned
surplus—
1,631,367
870,855
1.05
Straus & Blosser
inc.
to
1.05
2.10
Mejia
1.05
Co.,
Miller
&
Co
1.32.
.79
H.
2.10
'Deficit.—V.
.79
M.
Fayson & Co
171, p. 231.
Wichman
Braun, Monroe & Co
Inc.
income
for
1.32
Hayden,
2.10
Co
curr.
income
Deducts.
1.58
2.63
&
945,119
432^244
ordi¬
1.58
2.63
M. Kidder & Co
income.
from
income—
ordinary
Net
1.84
Cunningham
Ferris & Co
-
ordinary
Extraord.
1.84
The
Co
Noncom¬
Campbell. McCarty & Co.,
3.16
A.
794,712
revs.
—
Deductions
Delayed
2.10
3.42
Corp.
inc.
Net
Inc
3.68
First Cleveland
&
In
Philippine
Mindanan
financing proposals
1)
Bank
$10,000,000
at the
common
14,
the
SEC
cleared
the
initial
Utah
Power
stock
$1,000,000 of
and
rate
A
of
27*.
The
funds
would be
used
for Utah's
($20
plan
&,
by
The
Light
par)
for
borrowings by
Western
Co.,
a
of
cash
Colorado
an
Colorado
additional
consideration
from
Utah
Power
15,000
of
during
Co.
to,
900,000
shares
$300,000;
1950,
and
effective*
of
on
at
the
March
the
of
15.
the
shares of
this
of
Stockholders
$1
to
par
company
voted
increasing
company,
to
the
3.000,000 shares
approved
was
amend
by
the
articles*
authorized
capital
of $1
par
common*
v.
Harold
also,
expansion
March
on
incorporation
from
its
broad
for
stockholders
of
stock,
sale
Co.—«
which became
Wisconsin Investment Co.—Stock Increased—Assets Up
specified
following companies:
program.
Issuance
parent,
the
borrowings by Utah Power & Light Co. of not to exceed
during the year 1950, payable Dec. 22, 1950, and bearing
construction
'2)
of
March
the SEC
July 4, 1949 was withdrawn on March 8, 1£50.—V. 169, p. 150.
Light Co.—Bank Loans, etc.—
announced
Development
Registration Statement Withdrawn—
987.
orders
19^,653,761
180,171,570 192,127,011
18,524,857
munication
Hawley, Shcpard
Mitchum, Tully <5? Co
Davies
$
179,601,386
14,516,770
exps
oper.
Ord.
nary
The
Clement
1949—12 MOS.- -1948
16,781,213
in
underwriters
Inc.
3.95
Clarke
Co.,
Sills,
6.32
Collins
Co.- -Earnings—
$
Purchased
FTescott,
&
Corp.
Julien
Telegraph
1949—Month—1948
adjustment—15,311,482
Gross
21.2075
1
&
3,093
1087.
Operating revenues—af¬
which each has agreed
Purchased
Harrison
3,455
$
to Be
Paine, Webber, Jackson &
&
5,315,917
3,836
stockholders
Period End. Dec. 31—
pro¬
Percentage
Kidder, Peabody & Co
Bache
3,611,149
adja¬
company
Incidental
in
and
follows:
are as
W.
of
171, p.
Net
UNDERWRITERS—The
&
3,655,225
4,500,628
;
engaged.
and the percentage of the common
purchase,
22,036,50*.
8,463,996
The Western Union
distribution
a
communities
Wisconsin-Michigan Power Co.
appliances.
it
26,849,83*
28,006,483
Peninsula
other
system
28,800,744
31,990,424
3,787
rec.(net)
11.728.454
3.300,905
inventories
accts.
32,297,058
27,250.741
18,690,293
■
Merchandise
Notes
lurnished
except
'
-
extensions,
Net
areas
in
is
The
Utah Power &
" *
of
costs
$
as
cents;
operating public utility engaged primarily
purchasing, distributing and selling
an
Richard
pro¬
per
the
of
the company
common
May
generating,
in
emergency.
interest
Net
to
Western
Income
company-owned plants,
pro¬
vision
Earnings
part
10,000 shs.
250,000 shs.
Bateman, Eicbler & Co.__
'Extraordinary inventory
write-down
finance
The registration statement filed with
taxes..
&
35,000 shares of
an
operating public utility engaged
in
furnishing
long distance telephone and telegraph service within Oregon
Washington, and through its wholly owned subsidiary, West Coast
rendered
Net
The electric properties consist of two separate systems which
interconnected.
The
major system
(Northern
Division)
is
not
are
—V. 171, p.
412,611
Offered—Blvth
offered
(par $20) at $30 per share.
Outstanding
the commencement of operations by
1948,
of
energy
Michigan.
Stone,
595.
$10,619,317 $14,967,331 $31,029,183
-
income
Co.—Stock
16 publicly
and
31
inventory
write-down
Telephone
March
on
stock
Dividends
business
electrical
trustee,
corporate
1
1949—3 M€sT—1948
traordinary
Coast
miles with
ex¬
vision
$1.73
171, p. 500.
396,000
account
collateral
Payment
in¬
Federal
$1.78
____
612,000 shares outstanding.—V.
improvements
Retail
to Be
Chemicals, Inc. (& Subs.)—Earnings—
—
share
common
440,031
$1,059,275
125.432,312
stockholders^.
Percentage
10-year
Period End. Dec. 31—
Net
440,029
$1,087,021
Net
the
A.
U. S. Industrial
per
on
Wholesale
OF
SlOOi
(par
1948, 30 cents;
each; and Feb. 1, 1950, 30 cents.
electric
filed a letter of notification with the
6'/a %■ debentures due April 4, 1960,
to
be
offered at
par,
the proceeds to be used to development of
financing foreign shipments.
The corporation's office is located at
250 Park Ave., New York, N. Y.
1
■
company
917,132
$1,499,30$
stock—
Year End. Dec. 31—
$3,430,000
1947, dividends
March
motion
United Representatives, Inc.—Files With SEC—
covering
preferred
Middle.
Unlimited
5ser.
Aug. 1,
ties
The
The
series.
June
on
to
made, at the Guaranty Trust Co. of - New
140 Broadway, New York 15, N. Y.—V. 171,
EEC
AS
(par &9)____
DIVIDENDS—Since
carried
987.'
redemption
$3,478,000 of
due
952,887
J
Telephone
share.
per
Co.,
1977
United Gas Corp.—Calls $3,478,000 Bonds—
bonds,
Gas
1978
pfd. stock,
Common
discount
as
unextinguished
charged t.o_ .earned surplus—unappropriated
consolidating the - accounts) and the-amounts at
which
here
all
discount
is
set
capital
the par and face value of such
the
of
anil
back
added
but
Co.
sheet-excludes
balance
&
other
.Navigation
other
by
difference between
on
in
teach
represents St, Joseph & Grand Island
sUcks in hands of the public, and
securities of the Los Angeles &
on
outstanding
preferred
r
this
Island
stock
$99,543,100
J.,187,405,051
preferred
directors.
f As
capital
and
common
balance
and
RR
$2,416,439
deductions
to company properties and those of its subsidiary.
West Coast Telephone Co. of California.
Such expenditures during 1950
39.584,547
1,177,035,175
—
at $14.12V2
Electric
bonds—
BUSINESS—Company is
—
77,041
$1,527,050
on
West
and
alphabetical
near
Authorized
in
Total
(par $9)
Consolidated
to
go
series due
follows:
liabilities.—
of
307
1,924,630
refunds
stock
common
mortgage
3 (4 7?
5,526,341
1
possible
i- Government shipmentsEarned
surplus—unappropriated
$2,339,397
$2,479,937
,
other
PROCEEDS—Will
always
alphabetical
exact
Corp., and Copper Range Co. and five minority
First
28,522,352
6,730,647
inc. and surp.
reserves
against
23,522,352
_
Funded debt retired through
$2,354,155
income
'Earnings
are
CAPITALIZATION
16,810,283
Unearned
Earned
West
7,974,487
17,828,710
15,988,150
54,070,355
43,500,095
—
liabilities
Reserve for five insurance
Other
shares of
10,387,507
7,714,342
liabilities
1949
$18,327,55$
17,106,1.97,
_
COMPANY—Is
PROCEEDS—To
5,938,735
taxes.
revenues
Balance
170,
237,508,750
401,906
income
125,782
and
common
NOTl'r—For
possible:
v
253,780
1950
$19,460,352
Federal
and
income
Dividends
833.
99,531,581
1——
^
pur¬
222,302,500
7,208,323
part at from
redemption.—
'
revenues
expenses
'Based
insurance
Upper Peninsular Power Co.—Further Details of Stock
due
699.
p.
income
Net
;•
six
225,991,778
9,218,606
(incl.
171,
operating
Other
Gross
222,302.500
companies
matured
for
of Clinton Machine Co., • in addition,
approved ft.
of that company to Warner-Clinton, Inc., and approved
stock on the New York Curb and Detroit Stock Ex¬
name
12 Months Ended Jan. 31—
Interest
Utilities, Inc.—Debentures Placed Privately—
An issue of $2,500,000 3%%
sinking fund debentures due
Jan. 1, 1973, has been
placed privately through Kidder,
Peabody & Co. with institutional investors, it was an¬
99,591,581
Due
in
or
call
of
split
Offering—On March 3 a group of underwriters headed
by Kidder, Peabody & Co. and Paine, Webber, Jackson
& Curtis (as joint
managers) publicly offered 190,096
stock
debt
date
stockholders
Net
$2.41
3-lor-l
alter
1,187.405,051
____
the
upon
on
Feb. 20 approved the sale of the
company's
Clinton Machine Co., the latter to issue one share of its stock
two shares of Warner Aircraft stock.
Warner will then b«»
Operating
Operating
and
:
be called in whole
may
depending
Washington Gas Light Co. (& Subs.)—Earnings—
1.580,543
LIABILITIES—
The note
United
3,511,873
1,474,908
provide
listing of its
local
1 Preferred
investor
stockholders
each
change in
25,219,677
52,188,656
47,550,048
2,891,197
Funded
institutional
an
88,622,475
25,219,677
$5.39
41,592.666
______
stock
to
liquidated.
32,917,117
assets
tComnion
sell
to
Warner Aircraft Corp.—Sale Authorized—
Co., Inc.,
40,641,11]
!
Total
per
amount
changes.—V.
86,640,024
supplies
Unadjusted debits
,
per
$3,291,294.—
pfd.
973,812,775
57,087,917
_
Other current assets.
Deferred
1,407,441,851
$
48,092,934
invents.
and
1,995,688,095
84.553,177
p.
1948
£91,58.9,684
,_
Cash
Material
32,000,000
stock.
chase
31
$
Temp, cash
91,000,000
165.908,829
cum.
on
The
GENERAL BALANCE SHEET DECEMBER
Investments in
109,000,000
Ealance surplus
'Earns, per share
snipmcnts."
ASSETS-
126,000,000
25,219,677
on
will
the
assets to
for
Income
16,852,554
equipment-—
way
of.
with
compared
171, p. 988.
The
13.60
stock
V.
The
common
com.
$262,847, equal to 83 cents
with $177,557, or 56 cents
$3,578,075,
for an annual sinking fund of $250,000, plus
by which the net income for the preceding year
exceeds $2,000,000, with such additional
payment limited to $100,000.
Minimum sinking fund payments will retire 617*
of the original amount
4,777,135
37,070,774
taxes
3,981,724
45,712,814
31
on
2,507,729
45,197,381
935,544
55,995,469
»
note
of
the
Crl64,731 Crl,547,973 Cr3,780,135
Portent, par val. outstd.
Dec.
2,394,345
49,887,902
stock
sources
slk. of
has arranged
The
1,586,363
2.135,776,860 2,351,880,690
Divs:
fr. all
inc.
2,540,618
56,221,366
1
income
on
4,853", 545
2,297,316
taxes
11,384,595
V
Net
5,4~12~303
42,751,742
5,766,478
62,792,50i
7,437,771
owned
Total
Cr27,626,351
Cr()
Int. costs, etc. on
long-term debt
State,
local
and
3,546,239
owned..
bonds and notes
on
to
compared
were
$5,750,000 of 2%% notes due March 1, 1965, the proceeds
to be applied toward the
redemption on April 1, next,
of all of the
outstanding 5 ¥2% 25-year debentures due
Oct. 1, 1970 (subordinated).
1
prior to maturity.
102 Va 7*
to 1007*,
costs
Other
1,978,590
stock
on
amounted
stock,
Sales
3337.
p.
pany
20'*
years:
inc.
1949
common
1948.
■
retirement
Net
in
the
in
Ward Baking Co.—To Place Notes
Privately—The com¬
$
18,198,462
Pay. for pensions
&
income
on
164,
1946
2,301,685,689 2,481,508,535 2,122,786,243 1,496,064,326
bought
Other Federal
&: jt. facil.
(net charge)
and
Products
unemploy. ins. &
Eqpt.
Velvet Freeze, Inc.—Earnings Higher—
Net
share
INCOME
1948
$
Prod. &
by Colorado of $1,000,000 of 3Va7* notes held byand
maturing at various dates in 1950 through the issuance
delivery to Utah of a new 4% note of Colorado in the principal
of $1,000,000 and maturing
July 1, 1963.—V. 171, p. 886.
amount
share,
Employment costs:
Revenues over exps.
Taxes—State & county.
Federal > income
Utah
more
additions."
Calendar Years—
sate
(3) Refinancing
Olds says,
period, the corporation has expended
Dec.
31,
1949, $167,600,000 was the
to
promissory notes therefor. Proceeds of the stock
borrowings would be used for construction.
and
Mr.
year,
47
issuance of 3 la 7*
and
$59,400,000
or
(1187)
V.
7,880,223
140,262.539
Other
Report—Excerpts
given elsewhere in this issue.
are
69,235,049
9,118,500
1
Transportation
Corp.—Annual
of Chairman Irving S. Olds, together
with the income account and balance sheet covering the
46,576,730
148,980,346
Traffic
Steel
CHRONICLE
the remarks
estimated
Total
States
FINANCIAL
&
W.
Story,
15
aggregated
time of
approximately
President,
the
$2,178,773,
annual
26%.—V.
stated
meeting
171,
p.
that total
compared
in
595.
assets of
with
the
company
$1,723,219 reported
1949, an increase
of
$455,554 or
L-
r
'
48
THE
(1188)
COMMERCIAL
FINANCIAL
&
CHRONICLE
Monday, March 20,, 1950
'tr
if*
CITY DEPARTMENT
STATE AND
>j r"g;
BOND PROPOSALS AND NEGOTIATIONS
•i'i
'
_
(/
>ioi-
;
;
'.SO,
"t
vusH
'i
INDIANA
a.m. (PST) on March
$185,000 as 3s.
Due on April 1
from 1951 to 1959 inclusive.
purchase of $192,000
Anderson Twp. Sch. Twp. (P. O.
315,000 as 2.80s. Due on April 1
building bonds. Dated
June
1,
Bond Offering: — P. M. McCall,
Anderson), Ind.
from 1960 to 1970 inclusive.
1950.
Denomination $1,000.
Due
City Clerk, will receive sealed bids
Bond Offering — Russell
on
June 1 from 1951 to 1971 in¬
Additional Sale
The $425,000
Welch,
until 10 a.m. (CST) on March 21
clusive.
Principal
and
interest Florida Agricultural and Mechan¬ Township Trustee, will receive
for the purchase of $200,000 pub¬
(J-D)
payable
at
the
County ical College for Negroes Hospital sealed bids until 4 p.m. (CST) on
lic
improvement
bonds.
Dated
Treasurer's office.
Revenue 1950 certificates offered March 27 for the purchase of $50,March 1, 1950.
Denomination $1,Dated
on
same
date were awarded
to 000 building 1950 bonds.
000.- Due on March 1 from 1951 to
Walnut Creek School District,
15,
1950.
Denomination
Stubbs, Smith & Lombardo, of March
1960 inclusive.
Legality approved
Contra Costa County (P. O.
$1,000. Due on July 1 from 1951
Birmingham, and the First Securi¬
by White,. Bradley, Arant & All,
Martinez), Calif.
1963
inclusive.
Interest
J-J.
ties Company of Florida, Inc., of to
of Birmingham.
Bond Sale—The $72,000 build¬
Tallahassee, jointly, as 2.90s, at Legality approved by Ross, Mcing bonds offered March 13 were a price of 100.02, a basis of about Cord, Ice & Miller, of Indianap¬
ARKANSAS
awarded to Blyth & Co., of San
olis.
2.89%.
McGehee, j\rk.
Francisco, as 2V4S, at a price of
Bond Sale—Tne $oo,u00 public
IDAHO
IOWA
100.04, a basis of about 2.23%. The
park and swimming pool bonds second
highest bidder was Amer¬
Twin Falls County (P. O.
offered March 14—v. 171, p. 789—
Ames, la.
ican Trust Co., San Francisco, for
Twin Falls), Ida.
were
awarded
to
the
W.
R. 2s,
2V4S and 2V2S, at a price of
Bond Offering — J. W. Prather,
Bond
Stephens Investment Co., of Little 100.01.
Offering—C. A. Bulles,
City Clerk, will receive sealed
Rock.
County Clerk, will receive sealed bids until 5
Bonds are dated May 1, 1950.
p.m. (CST) on April
bids until
2:30
p.m.
(MST) on 10 for the
North Little Rock Special School Denomination
purchase of $600,000
$1,000.
Due
011
March
27
for
the
purchase of electric
revenue
bonds.
Dated
March 1 from 1951 to 1.963 inclu¬
ALABAMA
bids until 10
Ala.
—
fcS.
District, Ark.
Bond
bonds
Sale—The $500,000 school
offered
887—were
p.
Stuart &
Co.,
11—v.
to
171,
Halsey,
Co., and Dabbs, Sullivan
Little Rock, jointly,
as
of
2.20s, at
March
awarded
price of
a
sive.
Principal and interest (M-N)
payable at the County Treasurer's
office. Legality approved by OrDahlquist, Neff & Herring-
rick,
ton, of San Francisco.
Westside Sch.
Bond
Bellevue Union Sch. Dist., Sonoma
County
(P.
O.
Santa
ing
bonds
171,
v.
the
offered
789—were
p.
California
build¬
13
—
awarded
Bank,
of
to
.Los
Angeles.
Colt on
Bernardino), Calif.
Bond
Offering:—Harry L. Alli¬
County Clerk, will receive
1950.
Denomination
on
April
$1,000.
15,
basis
a
clusive.
Principal
and
of
2V2S.
Due
Los
22,000
2V4s.
as
April
1
Due
on
April
1
from 1959 to 1963 inclusive.
35,000
2V2S.
as
Due
on
April
second
Angeles County, County Sani•
District No. 18 (P. O.
Los Angeles), Calif.
Bond Offering:—K. H.
Harding,
Secretary of the Board
Legality
Boston,
approved
Thorndike,
Na¬
0.62%.
at
Storey,
Dodge of
by
Palmer
&
Boston.
2:30
(PST) on April 5 for
the purchase of
$4,100,000 sanita¬
p.m.
tion
bonds.
Dated
May 1, 1950.
Denomination $1,000. Due on
May
from
1951
to
1989
inclusive.
Principal and interest (M-N) pay¬
able at the County Treasurer's of¬
fice, or at the National City Bank,
New York
City, at the option of
Angeles County Sch. Dists.
(P. O. Los Angeles), Calif.
Bond
Sale
Nietos
School
fered March
were
—
The
$31,000
District
14—v.
awarded
bonds
171,
p.
Dean
to
Los
of¬
1087—
Witter
&
Co., of San Francisco, as 2y2s, at
price of 100.19, a basis of about
Claymont Spec. Sch. Dist., Del.
Bond Sale—The $160,000
bonds
March
offered
Elementary
trict bonds offered
awarded
were
The
School
Dis¬
above date
on
to
$32,000
William
R.
Staats Co., of Los Angeles, as 23/4S,
at a price
of 100.90, a basis of
about
2.63%. The
bidders
were
second
William
$32,000
as 2V2S, at a price
and Weeden & Co., for
as
2%s,
at
a
price
100.84.
Orosi
of
High Sch.
Tulare
County (P.
Visalia), Calif.
Dist.,
O.
same
Forest
1.80%.
District
Preserve
of Chicago.
by Chapman & Cutler,
Cook
approved
Legality
1.75%.
Northfield
County,
until
receive
1 p.m.
(CST)
sealed
bids
April 6 for
on
the
purchase of $150,000 school
coupon bonds. Dated March
1, 1950. Denomination $1,000. Due
1950
March 1 from
1951
(M-S)
Bank
Principal
payable at
of
the
State
to
1975
in¬
and
interest
the
from
to
Twp.
March
inclusive.
1961
approved by Chapman &
of Chicago.
Cutler,
bonds.
Certificate
University
Revenue,
Sale
The $500,000
Florida
Stadium
Series 1950 certificates
ris
&
Due
of
Toledo,
Corp.,
on
a
of
anc
Jack¬
bid reflect¬
School
Dec.
1
from
1951
Interest J-D.,
Mascoutah,
Bond Sale Details—The
water
sive.
man
&
$1,000.
l,ii950.
Due, jQn
1965 inclu¬
the
at
Treasurer's
State
fice.
of¬
"i1
1
viJL.1
•■v
Uniontown, Ky.
City
will
Clerk,
until
bids
7
Dated Nov.
p.m.
15, 1949. Denomination
on Nov. 15 from )&50
Principal and
(M-N) payable at the Cjty
$1,000. Due
inclusive..
1971
to
interest
Treasurer's office.
h
LOUISIANA
Allen
vi
Districts
School
Parish
(P. O. Oberlin), La.
Bond Sale—The $109,000 bonds
offered March 9 were' awarded
1950.
Due
to
The
2.40%.
highest bidder
Electric
tees
E. Rhodes,
of Trus¬
and
Power
Board
Light
Plant
System, will receive sealed
bids until 2 p.m. (CST) on March
the
for
electric
light and
Dec.
and
of
purchase
sys¬
Due
on
1953
to
(CST) on April 10 for'the
purchase of $550,000 bonds, due
on
April 1 from 1951 to 1975' in¬
clusive. Dated April 1, 1950. De¬
a.m.
nomination
$1,000.
Interest A-O.
Legality approved by Chapmaq &
Cutler of Chicago.
June
1961
from
1
$120,000
plant
power
Legality
r
Hammond, La.
Offering—Betsy M. Roll¬
ing, Secretary of the City Council,
will receive sealed bids until 10
Bond Offering—Don
Secretary of the
was
2.82%.
about
Bond
Corning, la.
30
second
Cutler, of Chicago.
MASSACHUSETTS
by
approved
)■)
offered
Arlington, Mass.
Sale—The $400,000 notes
March 13—v. 171, p. 1088
—were
awarded
William L. Hassett of Des Moines.
Hudson Con. Sch. Dist., la.
Offering—Arthur R.
Bond
Knudsen, Secretary of the Board
of
Directors,
will receive sealed
(CST) on March
Bond
21
the
for
building
1950.
to
purchase
bonds.
Due
Dated
Dec.
on
at 0.69%
& Cutler of
bonds
Inc.,
v.
171,
p.
Sparks &
water
March
6—
awarded
989—were
Co.
a
$25,000
offered
of Des
to
Moines,
as
follows:
as
water
works
bonds,
$292,000
as
as
bonds,
Bonds
Monona,
purchased by the Municipal Bond
Corp. of Chicago, and associates,
as
4s,
as
previously noted in
v. 171, p. 989—will mature Jan. 1
March
1
elusive.
the
dated March 1, 1950.
$1,000.
from
1951
Principal
to
and
Due
1960
on
in
interest
at the First Na
Bank of Boston.
Legality
payable
tional
by
Ropes,
Gray,
Best
Coolidge & Rugg of Boston.
Iotua
Bond
$10,000 general
obligation bonds offered March
13—v. 171, p. 989—were awarded
nona,
are
Denomination
3y4s.
Bond Sale—The
to
to Blair, Rollins & Co.,
1V4S, at a price of ,100.38,
approved
revenue
sewer
basis of about 1.17%.
(M-S)
$16,000
$50,000
loan bonds offered March 16 were
awarded
Sale—The
Bond
Beverly, Mass.
Sale—The
Bond
ap¬
Liscomb, la.
works
Co., Boston, at 0.69% interest,
1951
Legality
interest.
200,000 purchased by Day Trust
$100,000
April 1,
from
1
inclusive.
1969
of
follows:
as
$200,000 purchased by RocklandAtlas National Bank, Boston,
bids until 8 p.m.
9,000 water works
inclusive.
par.
1 from 1951 to
Principal and interest pay¬
Sept.
sive.
Legality approved by Chap¬
refunding revenue bonds
1952 to 1981
fes,
as
dated March
are
Denomination
works, sewerage improve¬
ment and
from
price of
Bonds
able
6
March
Emporia,
Directors
2v2s.
III.
of
Bank
1969 inclu¬
Dec. 1 from 1951 to
—
of
Co., Inc.,
Clyde C. Pierce
sonville, jointly,
on
1969 inclusive.
a
offered
awarded to the Citizens Na¬
interest cost of about
The Secretary
—
of
Board
bonds. Dated March 1,
on
mann,
to
at
bonds
1950
tional
Weil &
Arnold, for $82,000 on a bid re¬
will
receive
sealed
bids
until flecting a net interest cost of about
5 p.m. (CST) on March 20 for the
2.59%, and $27,000 on a bid re¬
purchase
of
$125,000
building flecting a net interest cost of
the
of
B. Heck-
Village Clerk, will receive
sealed bids until 7:30 p.m. (CST)
ing
were
Orleans, on a bid reflecting a: net
Chicago.
Bond Offering—Hilda
r'*
White, Hattier & Sanford of New
proved by Chapman
April 10 for the purchase of
$118,000
municipal
building
(State of).
&
III.
Flossmoor,
•
•
Le¬
Chapman
Calamus Con. Sch. Dist., Iowa
1
on
FLORIDA
by
Cutler of Chicago.
Offering
J
KANSAS
interest payable at
approved
Bond
Legality approved
Lyon and Osage Counties Rural
High Sch. Dist. No. 4 Joint1 [■
(P. O. Reading), Kan.
■
Bond Sale—The $50,000 build¬
interest
or on any
inclusive.
Principal and interest (M-S) pay¬
able at any Chicago Loop Bank to
be mutually agreed upon. Legality
Farmers
prior
Treasurer's office.
City
April); 1,
Dated
Nov. 1 from 195k to
on
by Chapman & Cutler, of Chicago.
thereafter,
upon
and accrued interest.
Principal and
(CST) on March 30 for
1952
be
to
the
terms of par
gality
Due
inclusive.
date
payment
the
1
on
may
redemption
at
May 1, 1958,
tion, will receive sealed bids un¬
til 8 p.m.
for
tem revenue bonds.
E.
Offering—N.
of
Delaware,
Dover.
Legality
approved
by
Reed, Hoyt & Washburn of New
York City.
Florida
bonds.
option of the
City, in inverse numerical order,
the
1950.
1969
receive sealed
(CST) on April
3 for the purchase of $50,000 water
works revenue
refunding bonds
1959,
1,
(P. O.
nomination $1,000. Due on
will
R.
May
maturity,
on
bonds.
building
the
for
Due
bonds
Watson,
High Sch. Dist. No. 225
Northbrook), III.
cation,
William
—
called
cor¬
construction and devel¬
opment fund warrants on a bid
reflecting a net interest cost of
about
after
Put¬
Secretary of the Board, of
Directors, will receive sealed bids
until 8 p.m. (CST) on Marchi 20
for
the
purchase
of
$100,000
nam,
Pra¬
May
Any
maturing on
or
Iowa
Bond Offering—Richard B. Cox,
time
same
the
Dist.,
Frances
and open
1 from 1951 to 1969 inclusive.
of
—
&
sewer
all
Sch.
Con.
Offering
KENTUCKY
Offering—Mr.
the
purchased $650,-
group
Brown, President, Board of Edu¬
Offering:
Bond Offering—Gladys Stewart,
ing a net interest cost of about
County Clerk, will receive sealed 2.82%, as follows: -
net interest cost of about
The
and
of Chi¬
all
bid reflecting
a
on
Co.,
&
Co.,
purchase of $190,000 funding
bonds. Dated March 1, 1950. De¬
Bond
offered March 14—v. 171, p. 1087were awarded to Stranahan, Har
Union
jointly,
cago,
a
Blair
&
Becker
G.
171,
County Con. Sch. Dist. No. 1
(P. O. Camden), Del.
Staats
Co., for $31,000
of 100.03,
school
15—v.
highest
R.
of $7,275,-
Secretary of the Board of Educa¬
Kent
Bond
Chicago.
Additional
at
Le¬
Chapman
by
ther will receive sealed
bids
1
a
(P. O. Chicago), III.
William
Co.,
A.
1.94%.
clusive. '
—
at
corporate
Bond
2.47%.
Sale
a
price of
basis of about 2.08%.
„
2Vas,
as
and highway fund
tax anticipation warrants of 1950
has been sold to John Nuveen &
988—were awarded to Laird &
Co., of Wilmington, as 2s, at a
price of 100.62, a basis of about
on
Additional
100.79,
p.
a
Gallatin
Chicago,
porate,
DELAWARE
the holder.
Los
Co., and the American Na¬
Bank & Trust Co., all of
000
of Direct¬
will receive sealed bids until
ors,
1
of
Bank
First
Bank &
City National Bank &
Co.,
Notes Sold—An issue
Note Sale—The $400,000 tax an¬
ticipation notes offered March 10
the
& Savings
Trust Co.^Con¬
Trust
000
to
National
Illinois National
tinental
CONNECTICUT
Waterhury, Conn.
tional
tation
Northern
Bank,
First
Trust
Cook County
awarded
171, p. 1088—
to
a
syndicate
the
Harris
tional
were
Los
$12,000,000
16 bonds of¬
Trust
1
from 1964 to 1970 inclusive.
The
of
composed
Bank,
1958 inclusive.
from 1951 to
interest
Angeles.
The
—
awarded
were
on
Due
(A-O)
payable
at
the
County
Treasurer's office.
Legality ap¬
proved by O'Melveny & Myers of
Sale
Bond
about 2.37%, as follows:
as
April
on
inclusive.
1968
to
approved
Cutler of
or
16—v.
April 15 from 1951 to 1966 in¬
on
Chicago Sanitary District, III.
March
100.06,
1957
Due
Dated March 1, 1950.
ILLINOIS
fered
of
of 100.02.
Dated
Legality approved
at
price
from
gality
City, at the option
Series
school
bonds.
York
construction
a
1950.
1,
purchase of $200,000
April 10 for purchase of $780,000
(PST)
a.m.
the holder.
by Chapman & Cutler of Chicago.
$
highest bidder was
Blyth & Co., for 2V2S, at a price
sealed bids until 11
New
of
build¬
$89,000
County
the
at
ings Association of San Francisco,
Union
High Sch. Dist., San
Bernardino County (P. O.
son,
payable
April
Treasurer's office, or at some bank
of America National Trust & Sav¬
$32,000
San
terest
887—were awarded to the Bank
p.
March
Sale—The
equipment coupon bonds.
Dated
Jan.
1, 1950.
Principal and in¬
ing bonds offered March 7—v. 171,
Rosa),
California
Bond Sale—The $124,000
Dist., Fresno County
O. Fresno), Calif.
(P.
$300,000 hospital construction and
in
par.
CALIFORNIA
Ruthven
the
for
28
Gadsden,
Union
as
State
2%s, at
a
Bank,
price
of Mo¬
of
par.
offered
to
R.
Bridgewater, Mass.
Sale—The $900,000 bond!
March 15 were awardec
L.
Day & Co., Estabrook &
Co., Whiting," Weeks & Stubbs, al
of Boston, and the Lee Higginsor
Corp., jointly, as l%s, at a price
"Volume 171
of
100.64,
Number 4891
basis of about 1.68%,
a
follows:
as
THE
;
1947
bonds.
from
1951
200,000
1
1970 inclusive.
200,000
Denomina¬
$1,000. Principal and interest
payable at the Merchants National
Bank
of
proved
Boston.
Legality ap¬
Storey,
Thorndike,
by
J^almer & Dodge
public
bonds.
Due
Housing Authority, Mass.
Note Offering—Edward J. Mar¬
tin, Chairman, will receive sealed
at
the
office
of
the
State
Housing Board, 18 Tremont
Street, Boston, until 11 a.m. (EST)
on March 23 for the
purchase of
$1,405,000
Second
Series^ notes.
Note
.
Sale—The
offered
$200,000
March
Bank of Boston.
Legality approved
Ly Sullivan, Donovan, Heenehan
& Hanrahan, of New York City.
H[
"»
Dedham,
'"Note
Sale
station
The
—
loan
Mass.
notes
offered
First National Bank, Bos¬
was
,14—v. 171, p. 1038—were awarded
td Paine, Webber, Jackson & Curtis; of Boston, as 1V2S, at a price
of 100.39, a basis of about 1.45%.
li
■10
Bond
tric
Sale—The
light
March 16
were awarded to Paine,
Webber,
Jackson
&
Curtis,
of
Boston, Blair, Rollins & Co., Inc.,
the First National Bank, of
Boston, jointly, as l%s, at a price
iOf 100.31, a basis of about 1.19%.
sand
1
Bonds
Bond
Sale—The
ber,
March 1,
dated
are
Denomination
$1,000.
1950.
Due
Emmett
Twp. Sch. Dist. No.
Co., both of Boston,
1V4S, at a price of 100.39,
Salomon Bros.
was
price of
a
101.14.
Somerville,
(P. O. Battle Creek), Mich.
Offering
City
sealed
(EST)
until
J.
re¬
11
a.m.
pur¬
of
March
bids
will
March 22 for the
on
chase
Francis
—
Treasurer,
$500,000
22,
1950.
Dated
notes.
Denominations
$50,000 and $25,000. Due on Nov.
10, 1950. Legality approved by
Storey,
Thorndike,
Palmer
&
Dodge, of Boston.
ing
bonds
171,
989—were
p.
Housing
Authority,
Massachusetts
on
Con.
Twp.
Sch.
Dist.
Custer
No.
4
Frac.
(P. O.
Monroe), Mich.
Offering—Florence Mer-
Bond
kle,
Secretary of the Board of
Education, will receive sealed bids
until
8
(EST) on March 22
the purchase of $200,000 build¬
for
p.m.
clusive.
Principal and interest
(A-O) payable at a bank or trust
designated by the
company
chaser.
Legality
pur¬
Note
Offering—S.
Miller, Canfield, Paddock & Stone
Homer
But-
21
the
for
Bond
Sale—The
bonds
$60,000
build¬
March
13—v.
offered
171, p. 888—were awarded to H. V.
Sattley & Co., and
McDonald-
Additional
purchase of
notes.
Dated First Series, Project
1950.
Denomination offered on same date were award¬
$25,000.
Due on Nov. 7, 1950. Le¬ ed to Salomon Bros. & Hutzler, of
gality approved by Ropes, Gray, New York, at 0.78% interest.
$400,000
revenue
March
23,,
Best, Coolidge & Rugg, of Boston.
Middlesex
East
County
O.
(P.
Cambridge), Mass.
ceive
Treasurer,
bids
sealed
will
until
re¬
11
a.m.
awarded
to
Co., and
Coffin
on
of
of
The
March 21 for the pur¬
$500,000
notes.
Dated
28,
1950.
Denomination
$10,000. Due
>•*
°
enue
Sale
The
—
$100,000
rev¬
notes offered March 15 were
awarded
Bank,
the
to
Second
Boston,
of
National
0.71%
at
dis¬
count.
Milton,
,v
Note Sale—The
ticipation
the
i
••
0 f f
Note
sealed
e r
i
bids
at
the
to
the
of
Boston, at 0.69%
Merchants
Notes
are
of
March
23
for the
a.m.
(EST)
Second Series notes.
Dated April 3, 1950. Due on April
proved
by
Trimble &
Caldwell,
Marshall,
Mitchell, of New York
City.
Mass.
Bond Offering—Archie R. Whit¬
City Treasurer, will receive
sealed bids until 1 p.m. (EST) on
March 21 for the purchase of $2,"00,000 bonds, divided as follows:
Bank,
discount.
$50,000,
1950.
$25,000
Counties,
W. K.
(P. O. Nashville), Mich.
I
to
1970 inclusive.
1951
as
1963
to
2V4S.
and
1962
Due
of
Braun,
Note
Offering — Graydon An¬
drews, District Secretary, will re¬
ceive
sealed
(EST)
chase
on
of
April
interest
until
March 20 for
$15,000
Dated
notes.
bids
1,
tax
April
1951.
payable
8
1,
1950.
Principal
at
the
Due
and
Security
National Bank, Nashville.
Bessemer, Mich.
Bona
Sale
revenue
—
The $50,000 water
bonds offered March 13—
2.24%,
as
follows:
—were
awarded
tional
Bank,
9—v.
to
awarded
Bankers
of
Bond
171,
W.
I.
Securities
&
Hannibal, jointly, at
100.22,
Co.
price of
a
basis of about 1.46%, as
a
N.
H.
Tne $300,000 notes
—
March
15—v.
the
to
of
171,
1089
p.
First Na¬
Boston,
at 0.84%
discount.
NEW JERSEY
Cedar
Grove
Twp. Sch. Dist.
(P. O. Cedar Grove), N. J.
Buna of toting—Henry S. Little,
District Clerk, will receive sealed
bids
until
8
p. m.
March
Mo.
$155,000 school
March
990—were
p.
Sine
28
$256,000
for
on
of
coupon or regis¬
Dated July 1, 1949.
bonds.
Denomination
July 1
sive.
(EST)
purchase
the
school
from
$1,000.
1951
to
Due
1970
on
inclu¬
Principal and interest (J-J)
payable
Bank
the
at
of
First
Cedar
approved
National
Grove.
Legality
Caldwell, Marshall,
Mitchell, of New York
by
Trimble &
City.
follows:
Fair
$36,000
iy4s.
as
Due
Feb.
on
1
from 1951 to 1956 inclusive.
119,000
iy2s.
as
Due
Feb.
on
1
from 1957 to 1963 inclusive.
The
second
highest bidder
was
G. H. Walker &
iy2s,
on
Co., for iy4s and
bid reflecting a net in¬
a
terest cost of about 1.46%.
Jackson
County
Con.
Sch. Dist., N. J.
Offering — George H.
Woodward, District Clerk, will re¬
ceive
Dist.
Bonds Sold—An issue of
$72,000
building improvement bonds has
been sold to the City National
Bank & Trust Co. of Kansas
$27,000
1950.
Due
iy2s.
as
Due
March
on
Dated
March 1, 1950. Denomi¬
$1,000. Principal and in¬
(M-S) payable at the City
terest
sas
1 from
$1,000.
Due
1952 to 1970 in¬
Principal and interest
(M-S) payable at the Second Na¬
Bank
&
Trust
Co., Red
Legality approved by Haw¬
kins, Delafield & Wood, of New
York City.
Bank.
Co., Kan¬
City.
County
(P.
O.
Freehold), N. J.
Saie—The $883,500 bridge
offered March 15—v. 171,
Bond
bonds
1
from 1958 to 1966 inclusive.
nation
p.m.
pur¬
tional
1
from 1952 to 1957 inclusive.
45,000
8
the
City,
March
on
until
Denomination
March
Monmouth
13/4S.
as
bids
March 28 for
on
clusive.
follows:
as
sealed
chase of $220,000 school coupon or
registered bonds. Dated March 1,
on
Sch.
Haven
Bund
(EST)
1089—were awarded to Smith,
Barney & Co., and the Union Se¬
curities Corp., both of New York,
jointly, as 1.90s, at a price of
100.08, a basis of about 1.89%.
p.
Pemberton
Twp. Sch. Dist. (P. O.
Pemberton), N. J.
Bond
MONTANA
Cascade
County Sch. Dist. No. 29
(P. O. Belt), Mont.
Bond
Sale
—
The
$15,000
con¬
struction bonds offered March 8—
June 1 in
lick,
Offering—Ralph H. HuClerk, will receive
District
sealed bids until 8 p.m. (EST) on
March 27 for the purchase of $43,500
school
coupon
or
registered
bonds.
Dated March 1, 1950.
De¬
nomination $1,000, except one for
Due
June 1,
on
Bond Offering—Wade W.Clarke,
Washington School District, N. J.
District Clerk, will receive sealed
bids until 7:30 p.m.
(MST) on
Stopp, District Clerk, will receive
April 3 for the purchase of $313,623 building and equipment bonds.
highest bidder was
Dated June 20, 1950.
Amortization
B. J. Van Ingen & Co., and Lee
bonds will be the first choice and
Higginson Corp., jointly, for 234s
serial bonds the second choice of
and 2V2s, at a price of 2.66%.
1965.
The
second
the School Board.
Warrant
street
<
S a 1
e
—
The
improvement,
$40,500
sessment
15—v.
171,
the
to
warrants
p.
offered
as¬
March
989—were awarded
Allison-Williams
Minneapolis,
100.51,
special
as
2s,
at
a
Co.,
of
price of
basis of about 1.90%.
a
(P. O. Belgrade), Minn.
$35,000 road
bridge bonds offered March
8—v.
Sale—The
171,
p.
990—were
Allison-Williams
to
100.23,
a
Co.
awarded
of
ments
from
the
bonds
each,
be
2V2s, at a price of
basis of about 2.47%.
able
on
will
receive
issue.
of
the
in
that the
the
of
on
and
amount
amount
$9,623
sold
they
$16,000
first bond
of
of
will
$9,623;
become
June 20, 1951, and the
$16,000 will become
the
same
day
each
pay¬
year
able
are
or
in
date of
serial, will be redeem¬
full
10
issue and
years
on
from the
interest
any
due date thereafter.
(CST) on April 4 for
purchase of $112,500 special
improvement
bonds.
Reno, Nev.
Bond
Offering—T.
Bonds Sold—An issue of $19,500
refunding bonds has been sold to
bids until 11
the First National Bank
12
of Mem¬
Trauernicht of St. Louis.
for
fron^ 1952
p.m.
the
to
1980
inclusive.
City
Clerk,
will
L.
receive
Taylor,
sealed
(PST) on April
$107,341.38
alley improvement
district
coupon
bonds.
Dated
March 1, 1950. Denominations $1,a.m.
for the purchase of
1949 street and
Amenia Union
Free Sch.
Dist.
No. 9 (P. O. Amenia), N. Y.
Bond
lip,
sealed
on
Offering—Forrest D. Phi¬
District
bids
Clerk,
until
March'29
the
for
$40,000 school 1950
istered
bonds.
receive
(EST)
purchase of
p.m.
coupon or reg¬
Dated
April
1,
$1,000.
Due
April 1 from 1951 to 1964 in¬
1950.
on
will
3:30
Denomination
clusive.
Principal
and
interest
payable at the First Na¬
tional
Bank,
Amenia.
Legality
approved by Hawkins, Delafield &
(A-O)
Wood, of New York City.
Port
Jefferson
Station'Terryville Fire Dist.
(P. O. Port Jefferson
Station), N. Y.
NEVADA
Corinth, Miss.
phis, as 2V4S. Dated Feb. 1, 1950.
Legality approved by Charles &
1
28
Brookhaven,
until 2 p.m.
the
C.
(EST) on
purchase of
$223,000 school coupon or regis¬
tered bonds. Dated April 1, 1950.
Denomination $1,000. Due on April
serial
If
The bonds, whether amorti¬
zation
bids
Lawrence
instal¬
thereafter until all such bonds
paid.
sealed
—
bids until 8
March
period of 20 years
issued
in
sum
payable
a
date
except
of
Charleston, Miss.
Bond Offering—J. N.
Sullivant,
sealed
Offering
issued
and
semi-annual
are
will be
the
in
during
sum
MISSISSIPPI
Mayor,
payable
will
sold
are
Min¬
as
If amortization
Bona
they Principal and interest (A-O) pay¬
able at the Washington Trust Co.,
may be put into one single bond
or
divided into several bonds as Washington. Legality approved by
Wood, of
the Board of Trustees may deter¬ Hawkins, Delafield &
New York City.
mine upon at the time of sale,
both principal and interest to be
NEW YORK
bonds
MINNESOTA
p.m.
the pur¬
anticipation
2.38%.
School District,
offered
on
inclusive.
on
1964.
2V2S.
as
neapolis,
v. 171, p. 989—were awarded to H.
1,600,000 public buildings, Act of V. Sattley & Co., of Detroit, at a
,
1948 bonds.
Due on April 1 price of 100.02, a basis of labout
1951
composed
Note
tered
Fulton
Due
1960 inclu¬
HAMPSHIRE
offered
Bank,
MISSOURI
Bond Sale—The
to
Claremont,
highest
&
from
250,000
Bond
Kellogg Rural Agric. Sch. Dist.
second
National
$1,341.38.
1951
Co., Inc., First of v. 171, p. 790—were awarded to
Michigan Corporation, of Detroit, Piper,
Jaffray & Hopwood, of $500. Due on March 1 from 1951
Stranahan, Harris & Co., Inc., of Minneapolis, as 2y2S, at a price of to 1965 inclusive.
Principal and
The second highest bid¬ interest
Toledo, Watling, Lerchen & Co., 100.66.
(M-S) payable at the Peo¬
and McDonald-Moore & Co., both der was State Land
Board, for ples National Bank & Trust Co.,
of Detroit, at a price of 100.01, a
2y2s, at a price of par.
Pemberton. Legality approved by
basis of about 2.40%, as follows:
& Wood, of
Toole County, Sunburst High Sch. Hawkins, Delafield
New York City.
$650,000 as 2V2S.
Due on June 1
Dist. (P. O. Sunburst), Mont.
and
Barry and Eaton
The
First
was
14
$10,000.
man,
from
Bosworth
MICHIGAN
on
Newton,
,
St. Louis.
Memphis, and M. A. Saunders &
Co., jointly, on a bid reflecting a
888—were awarded to
p.
North Fork
$1,430,000
3,
1951. Principal and interest
payable at the National Shawmut
Bank
of
Boston.
Legality
ap¬
bonds offered March
171,
syndicate
a
NEW
ap¬
Mich.
The $1,000,000
—
Valley (P. O. 3245 Noble
Avenue, Minneapolis 22), Minn.
the
purchase of
drainage
—v.
Pontiac),
Sale
Golden
National
dated March 15,
Denominations
receive
State Housing Board, 18 Tremont
on
of
bidder
National Bank & Trust
—
and
Street, Boston, until 11
1950.
County (P. O.
Worcester), Mass.
g—Daniel S.
Office
1,
pay Trust Co., Boston. Legal¬
will
n
Chairman,
April
to
Note Sale
The $600,000 notes
of offered March 14 were awarded
Housing Authority,
O.
ity Approved by Storey, Thorn¬
dike, Palmer & Dodge, of Boston.
V****™'
Lowney,
dated
are
Principal and interest payable at
the
(P.
Bond
100,000
Denomination $1,000. Due on April
1
from
1951
to
1970
inclusive.
Massachusetts
■
as
a
Worcester
Dedham, at 0.62% discount.
■
&
price of 101.79.
an¬
notes were awarded
Trust Co.,
,
a
Mass.
$300,000 tax
Norfolk County
New Bedford
Peabody
Burr, both of
13/4S, at a price
second
Bonds
Millbury, Mass.
-Note
102.01,
&
basis of about 1.53%.
highest bidder was
Day Trust Co., Boston, for l%s,
at
Oct. 31, 1950.
on
Kidder,
Boston, jointly,
(EST)
chase
March
Mass.
Sale—The $320,000 school
loan bonds offered March 16 were
Note Offering—Charles P. How¬
County
Stoneham,
Bond
Dec. 1 from
oa
Oakland and Macomb Counties,
Red
Run
Drainage District
Sale—The
$1,000,000
200-2 notes
3s. Due
as
1960 to 1967 inclusive.
Series,
Project
notes, at 0.78% interest.
1,490,000
First
Series,
Project
200-3 notes, at 0.76% interest
-
Legality
No. 1 (P. O. Hickman Mills), Mo.
Muskegon Twp. Sch. Dist. No. 9
(P. O. Muskegon), Mich.
200-2
trick, City Treasurer, will receive
sealed bids until 11 a.m. (EST) on
March
First
inclusive.
1,
and
from
1951
by
approved
of Detroit.
33,000
$1,395,000
Mass.
March
Simon & Co. of St. Louis and the
R.F.D. No. 3,
follows:
as
Dodge of Boston.
Melrose,
ard,
1970
to
Dated
March 1 from
on
1
49
sive.
proved by Charles & Trauernicht
1
Palmer &
2.37%.
Due
bonds
clusive.
]
about
1950.
to
Note Sale—The
from
1951 to
1960 in¬
$2,885,000 notes Moore & Co., both of Detroit,
Principal
and
interest offered March 14—v. 171, p. 1088— jointly, at a price of par, a basis
'payable at the Merchants National were awarded to the Chase Na¬ of about 3.06%, as follows:
Bank
of
Boston.
Legality ap¬ tional Bank* and C. J. Devine & $27,000 as 314 s. Due on Dec. 1 from
1952 to 1959 inclusive.
proved
by
Storey,
Thorndike, Co., both of New York' (jointly),
'March
of
$500
Equitable Securi¬
net interest cost of about
awarded
000,
March
ties Corp., J. S. Love Co. of Jack¬
Wade, Inc. of Grand
Monroetown
ing
Springfield
awarded to the
$140,000 build¬
offered
March
9—
ing coupon bonds. Dated March
1, 1950. Denomination $1,000. Due
on April 1 from 1951
to 1960 in¬
Mass.
East Forest Special
(P, O.
Hattiesburg), Miss.
Bond Sale—The $325,000 build¬
ing bonds offered March 9 were
Con. School District
Bond Sale—The
$310,000 school
Hutzler, for 1V2S, at
Note
11
Rapids.
basis of about 1,17%. The second
&
Commonwealth
about 1.20%.
&
as
National Bank of
the
and
offered
1088—were
p.
Bank, of Detroit, jointly, as 1V4S,
at a price of 100.14, a basis of
Jackson & Curtis, and Robert
Hawkins
notes
171,
the
to
Detroit,
1088—were awarded to Paine, Web¬
ceive
$200,000 elec¬
bonds
offered
1950
awarded
v.
Mass.
bonds offered March 14—v. 171, p.
Tague,
Holyoke, Mass.
.
14—v.
the Walter J.
Quincy,
fire highest bidder
March
1088
p.
—
Forest County,
son,
Mich.
revenue
March
the Merchants
ton, 0.83% discount.
a
$100,000
171,
notes
Sale
railway
National Bank, of Boston, at 0.74%
discount. The second highest bid¬
der
jointly,
'
f
,r
14—v.
awarded to
—were
Dated April 3, 1950. Due on April
3,: 1951.
Principal
and
interest
payable at the National Shawmut
Note
(1189)
and Weil & Arnold of New
Orleans, jointly, as 3s, 2s, 214 s and
The $900,000 street
2V2S, at a price of 100.316, a basis
Detroit,
Adams, Mass.
'
bids
from
April 1, 1950. Denomina¬
tion $1,000. Legality approved by
Ropes,
Gray, Best, Coolidge &
Rugg, of Boston.
North
<
1
Dated
of Boston.
'Chelsea
April
on
1951 to 1960 inclusive.
,
Dated April 1, 1950.
2s. Due on Oct. 1 from
1955 to 1959 inclusive.
as
The second highest bidder was
Shaw, McDermott & Co., for $50,improvement 000 as
2Mjs, at a price of 100.13.
1960 inclusive.
1970 inclusive.
tion
-25,000
600,000 street improvement bonds.
Due on April 1 from 1951 to
1
inclusive.
April 1 from 1951 to
on
CHRONICLE
»
April
on
1970
FINANCIAL
,
high school loan bonds.
Due
'
Due
to
&
200,000 sewer, Act of 1948 bonds. $25,000 as 3s. Due on Oct. 1 from
: .Due on April 1 from 1951 to
1950 to 1954 inclusive.
,,
;
$700,000 high school loan, Acts of
.
COMMERCIAL
Bond
Sale
struction
fered March
were
The
$45,000
con¬
truck bonds of¬
15—v. 171,
awarded
Northern
ferson,
100.28,
—
and fire
to
the
p.
1089—
Bank
a
of
Brookhaven, of Port Jef¬
2.20s, at a price of
as
basis of about 2.16%.
50
Buffalo, N.
Bond
S
COMMERCIAL
THE
(1190)
1
a
e
—
Y.
$3,158,000
The
coupon or registered bonds. Dated
March 1, 1950.
Denomination $1,-
Due
000.
bonds.
rell, Chairman, will receive sealed
The
second highest bidder was
Marine Trust Co., Buffalo, Drexel
on
terest
(M-N) payable at the Man¬
Trust Co., New York
City, Fiscal Agent of the Author¬
ity.
Legality approved by Cald¬
well, Marshall, Trimble & Mit¬
chell, of New York City.
I
$59,000 construction 1950 coupon
or
registered bonds. Dated Jan.
1,
1950.
Denomination
$1,000.
Note Offering—Thomas F. Far-
until
bids
(EST)
York, F. S. Smithers Cb., Shear¬
Trimble &
Co., R. D. White & Co., White,
& Co., Harris, Hall & Co.,
Securities Corp., New
men, Hammill & Co., and Rand &
•Co., jointly, for 1.20s, at a price of
Antwerp and
Central
Wilna
No. 1
Rensselaer, N. Y.
York
1.27%.
school
14—v.
Richfield, Otsego, Exeter,
awarded to
Columbia and Warren Cent.
offered
were
—
of New York,
Roosevelt & Cross",
Sch.
Manufacturers and Trad¬
and the
Trust
2.10s, at
as
Co., of Buffalo, jointly,
a price of 100.81, a basis
of about 2.03%.
Eastchester
Dist.
Fire
Tuckahoe), N.
(P.
O.
Y.
Bond
ing
paratus 1950 bonds offered March
15—v. 171, p. 1089—were awarded
York,
White
D.
1.30s, at
as
Co., of New
price of 100.09,
a
1.67%.
Richmond, Bristol, Canadice, South
Bristol, West Bloomfield and
No. 1
awarded
the
to
Ma¬
Trust
Co., of Buffalo, as 2s,
at a price of 100.58, a basis of
about 1.94%.
The second highest
bidder
was
Manufacturers
and
"Traders Trust Co., Buffalo, for 2s,
at
price of 100.29.
a
Co., of Buf¬
R.
price of
Y.
Island, N.
Sale—The $150,000 water
bonds offered March 16—v. 171, p.
rine
Trust
York,
Sch.
Central
New
until
Feb.
1951
Hempstead, Oceanside Fire District clusive.
Principal
and
interest
(P. O. Oceanside), N. Y.
(F-A) payable at the Chase Na¬
Bond
Sale —The
$22,000 fire tional Bank, New York City. Le¬
truck 1950 bonds offered March gality approved by Vandewater,
10—v. 171, p. 990—were awarded
Sykes, Heckler & Galloway, of
to the Oceanside National Bank,
New York City.
' I
as
1 %s, at a price of par.
The
.second highest bidder was Tilney
Ripley Water District (P. O.
& Co., for* 1.70s, at a price of
Ripley), N. Y* '
.
100.10.
Village
Treasurer,
will receive
sealed bids until 4 p.m. (EST) on
March 20 for the purchase of $22,500 street improvement coupon or
registered bonds. Dated Feb. 28,
1950.
«en
Denomination $2,250.
Feb. 28 from
clusive.
(F-A)
1951
to
Due
1960
in¬
Principal
and
interest
at the Keeseville
payable
Kational Bank, Keeseville.
Legal¬
Silver¬
.
Sale—The $100,000 water
Bond
Keeseville, JV. Y.
Bond Offering—Charles Moran,
1950 bonds offered March 10
awarded
to
Geo.
B.
were
Gibbons
&
Co., Inc., and Chas. E. Weigold &
Co., both of New York, jointly,
as 2s, at a price of 100.05, a basis
of about 1.99%. The second high¬
bidder was Blair,
Co., Inc., for 2.10s, at
est
Rollins &
price of
a
100.58.
.
Bonds
are
dated March
Denomination
1, 1950.
Due
on
$1,000.
March 1 from 1951
to
1980 inclu¬
sive.
Principal and interest (M-S)
payable at the Marine Trust Co.,
of Buffalo. Legality approved by
Lancaster (P. O. Lancaster), N. Y.
Vandewater,
Sykes, Heckler &
Bond Sale
The $50,500 bonds
Galloway, of New York City.
ity
approved by Joseph
man, of Keeseville.
payable
—■*' were
13—v.
awarded
to
171,
p.
1089
the
Marine
"Trust Co., of Buffalo, as follows:
.$33,000 water District No. 3 bonds,
as 2s, at a price of 100.29, a
.
basis of about 1.97%.
17,500
heating
1.40s,
at
a
receive
sealed
plant bonds, as
price of 100.08, a
basis of about 1.37%.
March 21
chase
of
$900,000
divided
$250,000
50,000
Co., Buffalo, for $33,000 as 2s, at
price of 100.21, and Roosevelt &
Cross, for $17,500 as 1.40s, at a
price of 100.06.
70,000
H.
Bull, Jr.,
Village Clerk-Treasurer, will resealed
bids
until
8:15
p.m.
(EST)
on March 27 for the pur¬
chase of $300,000 tax anticipation
notes.
on
Dated March 30, 1950.
July
14,
1950.
Due
Legality ap¬
Wash¬
proved by Reed, Hoyt &
burn, of New York City.
York City Housing
Authority, N. Y.
Bond Offering—Thomas F. FarNew
reil, Cnairman, will receive sealed
bids until 10 a.m. (EST) on March
21 for the purchase of $21,275,000
New York City guaranteed, Ravehswood. Houses, Project NYC-20
fire
fire
p.m.
notes,
fighting
15,000
March 27,
by
Reed,
New York
Shelter
1950.
Due
on
Legality approved
Hoyt & Washburn, of
City.
Island
District
No.
Union
1
Free
School
(P.O. Shelter
Island), N. Y.
Bond
Due
June 1 from
on
1956 inclusive.
lVaS.
as
The
Due
June
on
1
Offering—Hazel N. Payne,
District Clerk, will receive sealed
bids until 2 p.m. (EST) on March
31
for the purchase of $350,000
school 1950 coupon or registered
bonds. Dated April 1,1950. Denom.
$1,000. Due on April 1 from 1951
to 1970 inclusive.
Principal and
interest (A-O) payable at the First
National Bank, Greenport. Legal¬
ity approved by Hawkins, Delafield & Wood, of New York City.
.
Due
on
April 1
inclusive.
In¬
terest A-O.
Legality approved by
Mitchell & Pershing of New York
City.
Clayton Con. Local Sch. Dist., Ohio
Bond Sale—The $28,000 build¬
ing bonds offered March 15 were
awarded
to J. A. White & Co.,
Cincinnati, as 2V2S, at a price
of 100.47, a basis of about 2.46%.
The second highest bidder
was
Doll & Isphording, Inc., for 23/4s,
at a price of 101.42.
of
the
Cambridge Bank, Cam¬
Legality
approved
"by
Sanders & Dempsey, of
bridge.
Squire,
310,000.00
3s, at
highest bidder was
Co., for 2V2S, 2%s
price of par, a basis
a
water
Denomination
Cleveland.
Dec.
on
Bakersville Local Sch. Dist., Ohio
of about 2.85%.
Sale—The
Bond
R. S. Dickson &
and
2%
works
en¬
largement fund No. 11 bonds.
$1,000.
Due
1951
1970
from
1
to
inclusive.
second
106,000.00
build¬
$30,000
No.
Kings Mountain, N. C.
Bond Offering—W. E. Easterling, Secretary of the Local Gov¬
ernment Commission, will receive
at
of
100.65,
a
basis
1951
1959 inclusive.
$60,000
Dated
con¬
struction bonds offered March 9—
171,
v.
791—were
p.
J.
A.
as
2s, at
White
a
&
Co.
of
awarded to
Cincinnati,
price of 101.17,
a
to
Dec.
on
1
from
of
Berlin Local School District, Ohio
Sale—The
Denomination
Due
May
1,
Principal
payable at the!
1950.
interest (J-D)
and
Bond
bonds.
8
$1,000.
about 2.43%.
sealed bids at his office in
Raleigh
until 11 a.m. (EST) on March 21
for the purchase of $18,000 water
and sewer coupon bonds.
Dated
April 1,1950. Denomination $1,008.
price
a
fire department
apparatus fund
2%
driven
motor
ing bonds offered March 7—v. 171,
p. 889—were awarded to Hayden,
Miller & Co. of Cleveland, as 2l/2s,
City
Treasurer's office.
Squire,
by
approved
Legality,
&
Sanders
Dempsey, of Cleveland.
'•
-•
•
■
De
basis
Bond
Graff,
'
•
•
*
.
i
Ohio
Offering—W. H.
Dachen-
of about 1.86%.
bach, Village Clerk, will receive
April 1 from 1952 to 1963
sealed bids until noon (EST) oil
inclusive.
Principal and interest
Cambridge, Ohio
March 28 for the purchase of $7,!(A-O) payable in New York City.
Bond Offering — Richard W.
500 fire truck bonds. Dated March
Legality approved by Mitchell & Miller, City Auditor, will receive
Due
sealed bids until noon (EST) on 1, 1950. Denomination $750.
Pershing of New York City.
on March 1 and Sept. 1 from 195).
March
24
for
the
purchase of
Lee County (P. O. Sanford), JV. C
to 1955 inclusive.
\
7
* \
street
improvement
Bond Offering—W. E. Easter- $138,116.42
bonds. Dated March 1, 1950.
De¬
East Liverpool, Ohio
ling, Secretary of the Local Gov¬
nomination $1,000, except one for
ernment Commission, will receive
Bond Sale
The $67,350 street
$116.42.
Due on Nov. 1 from 1951
sealed bids at his office in Raleigh
improvement, Special Assessment
to I960 inclusive. Interest M-N.
until 11. a.m. (EST) on March 21
bonds offered March 14—v, 171,
for the purchase of $270,000 school
Canton, Ohio
p. 990—were awarded to McDon¬
Bond Offering—T. Frank Sny¬
ald & Co., of Cleveland, as IV2S,
building series B coupon bonds.
Due
on
.
—
Dated June 1,1949.
$1,000.
Due
1979
to
on
Denomination
June 1 from 1951
inclusive.
Principal
and
interest
(J-D) payable in New
City. Legality approved by
York
& Washburn of New
Reed, Hoyt
will receive
(EST) on
March
27
for
the purchase of
$3,600,000 sewerage garbage reve¬
nue coupon bonds.
Dated Dec. 1,
1949.
Denomination $1,000.
Due
City
der,
sealed
North
Wilkesboro, N. C.
tal
bonds
171,
p.
$250,000 hospi¬
offered
March
14—v.
1089—were awarded to the
Interstate
Securities
Corp.,
of
as
6s.
208,000
as
Due
on
April 1 from
1956 inclusive.
l3/4s.
Due on April
1
from 1957 to 1972 inclusive.
Bond
Pinebluff, N. C.
Offering—W. E.
$17,000 coupon
follows:
$7,000 building and park bonds.
Due on April 1 from 1952 to
1965 inclusive.
10,000 water bonds. Due
1 from
on
April
1952 to 1967 inclusive.
Dated April 1, 1950.
tion $1,000.
from
1
noon
1951
Principal
to
and
1980
at
price
basis of
highest
Ryan, Sutherland &
Co., for IV2S, at a price of 100.59,
a
about
a
interest
100.59,
The
Denomina¬
Principal and interest
(A-O) payable in New York City.
Legality approved by Reed, Hoyt
& Washburn of New York City.
a
second
was
basis of about
1.30%.#
Edison, Ohio
in¬
(J-D) payable at the office of the
Trustee under the Mortgage In¬
denture securing the bonds, or at
the Chemical Bank & Trust Co.,
of
1.30%.
bidder
Bond Sal e
The $6,600 fire
equipment bonds offered March 13
171, p. 990—rwere awarded to
the First National Bank, of Mt.
Gilead, as 2s, at a price of 100.75,
—
—v.
basis of about 1.87%. The second
New York
a
the holder.
highest bidder was Peoples Sav¬
ings Bank, Mt. Gilead, for 2V2S, at
a price of 100.71.
City, at the option of
Legality approved by
Sanders & Dempsey of
Squire,
Cleveland.
Cincinnati City Sch. Dist.,
Bond Sale—The $6,000,000
ing
v.
bonds
171,
p.
Ohio
build¬
March
13—
offered
791—were awarded to
a
Galion,
Bond Sale—The
addition
bonds
offered
as
of about 2.15%.
&
Co.,
Fenner &
Merrill
Lynch,
Pierce,
14
21/4s, at
est bidder
for
a
price of 101.04,
was
2V4S, at
a
a
basis
The second high¬
J. A. White & Co.,
price of 100.94.
Beane, Stone & Webster
Securities Corp., Estabrook & Co.,
Salomon Bros. & Hutzler, all of
New
March
171, p. 889—were awarded to
Fahey, Clark & Co., of Cleveland,
York,
Co., Lehman Brothers of New
and consisting of Blair,
Rollins & Co., Inc., Phelps, Fenn
Ohio
$75,000 hospital
—v.
&
Easter-
for the purchase of
as
until
syndicate headed by Halsey, Stuart
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids at his office in Raleigh
until 11 a.m. (EST) on March 21
bonds, divided
Auditor,
bids
Dec.
on
Bond Sale—The
1952 to
530,000 land acquisition bonds.
of
from 1957 to 1967 inclusive.
apparatus $42,000
fighting
notes.
Dated
5y4s.
Charlotte, and McDaniel Lewis &
Co., of Greensboro, jointly, at a
price of par, a basis of about
apparatus
1.97%, as follows:
sewer notes.
nomination $1,000.
1953 to 1979
from
at
as
March 27, 1951.
Mamaroneck, JV. Y.
«eive
capital
follows:
as
3
for the pur¬
notes.
*a
Offering—F.
until
on
The second highest bidders were
Manufacturers and Traders Trust
Note
bids
(EST)
at
Detroit; Barcus, Kindred &
Chicago; and the William
R. Compton Co. of New York, as
l3/4s, at a price of 102.53, a basis
of about 1.52%.
<
' s»•
Co.
the
for
clusive.
—
W. Raymond
Comptroller, will
City
interest
(EST) on March 28
purchase of
$1,000,000
school building series B coupon
bonds.
Dated Oct. 1, 1949.
De¬
a.m.
Co. of
,
Offering
Whitley,
to
and
York%City.
Rochester, N. Y.
Note
1980
1951
until 11
Memphis; Einhorn & Co.
Cincinnati; McDonald-Moore &
Wilmington, N. C.
Bond Sale—The $325,000 bonds
(P. O. Wells), N. Y.
Bonds dated Feb. 15, 1950.
De¬
Bond Offering — Lyman Avery, offered March 14—v. 171, p. 1090
nomination $1,000. Due on Dec. 15
Town
Supervisor,
will
receive —were awardea to Estabrook & from 1951 to 1973 inclusive. Le¬
sealed bids until 2 p.m. (EST) on Co.,
Paine, Webber, Jackson & gality approved by Peck, Shaffer
March 23 for the purchase of $28,- Curtis, both of New York, and F.
& Williams of Cincinnati.
000
W. Craigie & Co., of Richmond,
general
improvement
1949
coupon or registered bonds. Dated jointly, as 2s, at a price of 100.12,
Cleveland, Ohio
)
Dec. 1, 1949. Denomination $1,000. a basis of about 1.99%. The second
Bond Offering—F. R. Hanrahan,
Due on June 1 from 1951 to 1956 highest bidder was Halsey, Stuart
Director of Finance, will receive
inclusive.
Principal and interest & Co., and Hamilton & Co., joint¬ sealed bids until
April 11 for the
(J-D)
payable at the Hamilton ly, for 2s, at a price of 100.07, a
purchase of $11,440,000 general
County National Bank, Wells. Le¬ basis of about 1.99%.
obligation bonds.
gality approved by Vandewater,
OHIO
Sykes, Heckler & Galloway, of
Columbus, Ohio
New York City.
Bond Offering — Agnes Brown
Adams Local Sch. Dist. (P. O.
Cain,
City
Clerk,
will
receive
R. D. No. 1
NORTH CAROLINA
Cambridge), Ohio
Bond Offering—Edward Flana¬ sealed bids until noon (EST) on
Dunn, N. C.
April 6 for the purchase of $512,gan, Clerk of the Board of Educa¬
Bond Sale—The $20,000
sewer
811.31 coupon or registered
bonds,
tion, will receive sealed bids un¬
bonds offered March
14—v.
171, til 7 p.m. (EST) on
divided as follows:
April 7 for the
p.
1089—were awarded
to
the purchase of $55,000 school addition
$96,811.31 6% street improvement,
Vance Securities Corp., of Greens¬
bonds.
Dated April 1, 1950.
series
No.
218 bonds.
De¬
De¬
boro, and J. Lee Peeler & Co., of nomination $1,000. Due on Nov. 1
nomination $1,000, except one
Durham, jointly, at a price of from 1951 to 1969 inclusive. Prin¬
for $811.31.
Due on Dec. 1
100.08, a basis of about 1.85%, as
cipal and interest (M-N) payable
from 1951 to 1960 inclusive.
—
offered March
1 from
Principal
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids at his office in Raleigh
Bank of
of
Wells
in¬
1980
to
p.m.
the
District
Treasurer's
office.
Legality ap¬
proved by Wood, King & Daw¬
son,
of New York City.
(J-J)
p.m.
from
1
2
for
Jan.
on
v1952 to
(EST) on
March
23
for
the
purchase of
$934,000 building 1950 coupon or
registered bopds. Dated Feb. 1,
1950.
Denomination $1,000.
Due
on
Due
inclusive.
York
3:30
March 29
on
$5,000
Bond Offering—Alverna Ward,
District Clerk, will receive sealed
bids
until
bids
follows:
Dist.
(P. O. Canadaigua),
Bond
1089—were
O.
D. White & Co., of
jointly, as 1.70s, at a
100.23, a basis of about
and
New
Livonia
Green
(P.
Sale—The $270,000 build¬
the Marine
to
1
&
basis of about 1.27%.
a
No.
Springs), N. Y.
1950 bonds offered March 15
171, p. 1089—were awarded
falo,
Bond Sale—The $33,500 fire ap¬
R.
Dist.
Richfield
—v.
to
awarded to
were
March
bonds
171, p. 1089
ers
offered March 16
Halsey, Stuart & Co., as 1.30s, at
a price of 100.11, a basis of about
(P. O. Harrisville),
New
Mitchell of New York
Sale—The $193,000
Bond
1950
Dist.
Sch.
on
Sale—The $357,000 bonds
Bond
1
noon
City.
400.13.
Diana, Croghan,
receive
(EST)
the purchase of
will
Treasurer,
sealed
American
&
District
ufacturers
March
21 for the purchase of $20,300,000
notes. Dated April 17, 1950.
Due
on
Oct.
17, 1950.
Legality "ap¬
proved
by
Caldwell,
Marshall,
Weld
C. Kent,
Bond Offering—James
Monday, March. 20, 1950
'
County (P. O.
Lumberton), N. C.
Bond Offering—W. E. Easter-
New York
2000 inclusive;
7
Robeson
Southampton, East QuogueFire
District (P. O. East Quogue),
May 1 from 1952 to
Principal and in¬
(1949) bonds offered March 14—v.
171, p. 1089—were awarded to the
Chase
National
Bank,
of New
York, as 1.20s, at a price of 100.24,
a basis of about 1.14%, as follows:
$2,032,000
general
improvement
bonds;
$792,000
school
bonds;
$184,000 water supply bonds, and
$150,000 general improvement
CHRONICLE '
FINANCIAL
&
Granville
Bond
Local
Sch.
Dist.,
Ohio
Offering—J. R. Sook, Dis¬
York; Marine Trust Co. of trict Clerk, will receive sealed
Buffalo, B. J. Van Ingen & Co., bids until 7:30 p.m.
(EST) on
Hemphill, Noyes, Graham, Par¬ April 3 for the purchase of $240,sons & Co., Hornblower & Weeks,
000 building bonds.
Dated May 1,
Denomination $1,000.
Bacon* Stevenson & Co., all of 1950.
Due
New York; Otis & Co. of Cleve¬ on May 1 and Nov. 1 from 1951 to
Principal and in¬
land; Stroud & Co. of Philadel¬ 1974 inclusive.
phia; Stern Bros. & Co. of Kansas terest (MtN) payable at the Peo¬
City; King, Quirk & Co. of New ple's State Bank, Granville.
Le¬
York; A. Webster Dougherty & gality approved by Squire, San¬
Co. of Philadelphia; First National ders & Dempsey, of Cleveland.
Volume 171
Number 4891
THE
'Hamilton
County (P. O.
Cincinnati), Ohio
Sale—The $301,000 bonds
Bond
Prairie
Bond
offered March 13—v.
171, p. 889—
were
awarded to Raffensperger,
about
Local
Sale
Dist.
(P.
O.
Rogers County Indep. Sch. Dist.
No. 27 (P. O.
Catoosa), Okla.
Bond Offering — Don
Eigle,
Ohio
Postponed—The sale
p.m.
Bond
Dresden), Ohio
Sale
The $10,000
City
Sch.
Dist.,
Offering—Mary
Ohio
E.
Mon-
cey,
from
Co., for 2y2s,
at the Second National
venna.
Shaker
100.10,
second
Clark
highest bidder
&
»Bond
March
14—v.
Inc.,
Navarre-Bethlehem Local School
district (P. O. Navarre), Ohio
.
&
of
and
1.40%.
The
school
Wabash
(P.
Bond
10| 82,
Clerk
a basis of about 2.16%; The
sedond highest bidder was
Ryan,
Sutherland & Co., for 2Yis, at a
Twp.
O.
of
Local
North
a
$36,000
Dist.
rc5 i r~V^
awarded to
'
»
as
as
2y4s, due
to
Offering—L. L. Blakeley,
the Board of Education,
FrLoy, Ciark & Co.,j
of Cleveland, as 2Us,
a price Cf
i
i
',83%, a basis of about
2.05%.]
'
second
a-?
J
highest bidder was
an, Sutherland & Co., for 2Us,
a price of 100,90,
Twp. (P. O. Carnegie), Pa.
Bond Sale—The
$17,000 general
obligation bonds offered Feb. 21
were
awarded
& Co. of
1961
:
j;
Local Sch, Dist., Ohio
Soncf "O f f er i is g — Forrest C.
j.
.
Wolf
Clerk of the Board of
Question, will receive sealed bids
{til 7:30 p.ro » (EST) on April 4
the purchase of $252,000 buildbonds.
Dated May 1,1950.
Principal
2/^s'
at
(If-N) payable at the Park
Na¬
tional Bank, Newark.
Ohio
City, Ohio
Bond Offering—Ivan D. Bruba-
k<jr,
Village
Clerk,
will
receive
scaled
bids until noon (EST) on
April 1 for the purchase of $25,000
stfeet resurfacing bonds.
Dated
April 1, 1950. Denomination $500.
Dye
on
hi
to
•
April 1
I960.
and Oct.
1
from
Interest A-O.
rahiesvi lie
City Sch. Dist., Ohio
Bond Sale—The $850,000 build../* and equipment bonds offered
,larch
j3—v.
awarded
of
to
a
171, p. 890—were
syndicate composed
basis
of about 1.77%.
The sec¬
ond highest bidder was McDonald
&
Co..
Inc.,
Fast
vtranahan, Harris & Co.,
Merrill, Turben & Co., and
of Michigan Corp.,
jointly,
tor 2s,
at
Faict
Bt>od
a
price of 101.97.
Local Sch.
Dist.
(P. O.
Winesburg), Ohio
Offering —Albert May-
feifn Clerk of the Board of Educa¬
(P.
Forest
Bond
pnce
1950
171,
second
Foster
792—were
March
awarded
a price of 100.12, a basis
of about
2.72%, as follows: ~
$122,000
3s.
as
as
2%s.
on
April
PUERTO
Bond
sewer
1952 to
Due
202,000
as 2%s.
Due on April
from 1966 to 1975 inclusive.
sealed
Bond
City
Offering
Clerk,
Ruby
—
will
Irons,
receive
sealed
bids until 7 p.m, (CST) on March
22
for
the
purchase of $21500
water
from
works
system
bids until 8
March
bonds.
Due
1952 to 1965 inclusive.
Kiowa
County Indep. Sch. Dist.
No. 39 (P. O. Mountain
View),
Oklahoma
Bond
Offering—Geo. W. Mar¬
tin, Jr., President of the Board of
24
$350,000
for
general
struction
and
equipment
bonds.
Due from 1953 to 1961 inclusive.
Bond Offering — Vassie
Tyler,
District Clerk, will receive sealed
bids until March 20 for the
City
Treasurer, or elsewhere as agreed
upon with the purchaser.
Legality
approved by Winfree,
McCulloch,
Shuler & Sayre, of Portland.
Marion
Bonniwell,
County Sch. Dist.
of
-
$8,000
building
1956
bonds.
inclusive.
No.
126
R. F. D.
Aumsville),
Oregon
3s, at
as
a
par.
S.
W.
Breyman
Avenue, Portland), Ore.
Bond Sale—The
$287,000 water
bonds offered March
13—v. 171, p.
991
were awarded to
Blyth &
Co.. of Portland, as 2s and
—
tion,-will receive sealed bids until
(EST)
purchase* of
April 4 for the
$45,000 construction
noon
on
bonds. Dated Jan.
1, 1950. Denom¬
ination 2-1,000. Due on Nov. 1 from
1951 to
1965 inclusive. Principal
and interest
(M-N) payable at the
Banking Co., Beach
City. I <epality approved by Squire,
Beach
City
S'i ideis &
Dempsey, of Cleveland.
Plymouth
Village Local School
District, Ohio
Bond
Sale Details—The
construction
J.
as
A.
White
bonds
&
previously
$18,000
purchased by
Roger Mills County Independent
Sch. Dist. No. 1 (P. O.
Durtham), Okla.
Bond
Clerk
the
will
receive
p.m.
(CST)
Education,
bids
March
21
until
for
3
the
Bond Offering—Fred G.
of the Board of
Clerk
Cincinnati,
will
receive
p.m.
(CST)
sealed
on
Bank, Portland,
ing
a
net
on
interest
a
bid
cost
reflect¬
of
about
2.40%.
Seaside,
f)raper,
awarded
to
March
21
for
the
building
to
1959
furnished
the
County Bank, of Seaside,
Clatsop
as
fol¬
1.83%.
R.
Director
Development
of
Bank
ing, 120 Broadway, New Ybrk
City, until 11
a.m.*
(EST)
on
March
hew
28
for
issue
the
of
purchase
$18,000,000
of
not
a
to
exceed
as
2s, at a
basis of about 1.90%.
City, will
cost
to
the
purchasers of the bonds. Copies of
the bid form and of the
1948-49
fiscal year report of the Treasurer
of Puerto Rico are available
at the
offices
of
Award
Mitchell
and
rejection
or
Pershing.
of
bids
will
be made within 24 hours from
the
time stated for the
receipt of bids.
Enclose
a certified
or bank cash¬
ier's check for $360,000,
payable to
the
Government
Bank for Puerto
for
Development
Rico, fiscal agent
the government, made award
March 15 of $1,895,000 3% re¬
on
York,
and
including Banco de
Ponce, of Ponce, Puerto Rico, Paul
Frederick & Co., New York, F.
Brittain Kennedy & Co.,
Boston,
and Seasongood & Mayer, of Cin¬
cinnati. Sealed bids for the bonds
unadvertised basis
4%
interest coupon
or
registered
public
improvement
on
tice
of
and
investment
Also
March
on
announced
the
15
the
award
of
$1,895,000 3% refunding bonds of
various Puerto Rico
municipalities
to
a
group headed by Ira Haupt &
Co., New York, details of which
further below.
The- new.,, issue of
appear
<
28
bonds
will
1950 and in $1,000
July 1,
in
1969.
to
dated
Jan.
$800,000
bonds
be
prior
redemption
will
to
their respective
maturities, at the
option of the Treasurer of Puerto
Rico, from any moneys that may
be
available
either
in
earlier
for
whole
that
on
at
the
the
principal
to
be
date
fixed
of
to
redemption,
plus a premium of 2% of the prin¬
cipal amount thereof if redeemed
on
prior to July 1, 1960, 1%
or
if
redeemed thereafter and on
or
prior to July 1, 1965, and without
premium if redeemed thereafter.
are
by Ira Haupt &
obligations on
a total price of
I
Amt. of Bds.
$47,000
Aguada
82,000
80,000
Arecibo
Barranquitas
Caguas
20,000
137,000
'
Camuy
125,000
Coamo
48,000
Dorado
28,000
Guayanilla
__'42,000
Gurabo
25,000-
Hatillo
"46,000
Humacao
244,000
Juncos
66,000
Las Piedras
Manati
17,000
90,000:
20,000278,000
>.
requested to
Salinas
name
156,000
San German
50,000
San Juan
60,000
Yabucoa
the
together
thereon
for
the
Ponce
amount
accrued
bankers who had
a bid of
102.10, or
$1,934,795.70. Sale consisted of the
date not
July 1, 1955,
redeemed,
interest
purchased
purpose,
any
July 1, 1955, or in
part, in the inverse order of their
numbers, on any interest payment
re¬
no¬
banks
interest in the bonds.
an
The group headed
Co.
a
various
Maunabo
than
date not earlier than
expressed
from
Adjuntas
denominations.
The
sale
were
with
following:
on
inclusive
subject
accordance
Municipality
sold
$900,000 from 1957 to 1959 inclu
sive; $950,000 from 1960 to 1962 in
elusive; $1,000,000 from 1963 to
1965
inclusive; $1,100,000 from
1966 to 1968
inclusive, and $1,200.
000
in
,$18,000,000
follows:
as
an
ceived
be
to
be
134,000
All of the bonds are dated Jan.
1,
1950.
Coupon form, in $1,000
denominations, registerable as to
principal and interest (J-J) pay¬
able
at
the
Chemical
Bank
&
Trust
Co., New York City. Legal¬
ity approved by Mitchell & Persh¬
ing, of New York City.
Bonds
Publicly
Offered
Ira
—
Haupt & Co. and associated under¬
the interest coupon or
coupons, in
writers made public re-offering of
multiples
the bonds, which mature
of
and
the
serially
July 1 from 1950 to 1969 inclu¬
sive, at prices to yield from 0.75%
No
bid
to
three
in¬
1/20,
1/10 or Ya of
1%, and each bidder must specify
in
his
bid
maturities
may
the
of
name
amount
each
more
rate.
than
terest rates and all bonds matur¬
ing
on
the
same
interest at the
date
must
rate.
same
bear
No bid
on
2.70%, according to maturity. The
bonds, according to the bankers,
interest
exempt
from
all
are
present Federal and State income
taxes.
less
than par and accrued in¬
for less than all of the
bonds offered will be entertained.
Bank
The bonds will be awarded to the
the
of
terest
or
offering
at
the
to
purchase
lowest
the
interest cost
Puerto
Rico, such cost to be
determined by deducting the total
amount of any premium bid from
the aggregate amount of
The
ing
of
the
all of the bonds,
computed
submitted
on
a
form
to
be
fur¬
Development
Rico, in report¬
award,
Credito
and
announced
Ahorro
that
Ponceno,
Ponce, submitted
own
of
Government
for Puerto
a bid for its
account of 102.103, or a total
$1,933,150.23,
and
that
bid
a
for its own account was made
the
Banco
Widespread
investor
by
San Juan.
Popular of
interest
upon
from their date to their
respective
maturities.
Each
bid
must
be
nished
obligation bonds,
price of 100.52, a
York
without
headed by Ira Haupt & Co., New
to
lows:
15,000 general
Local
on March
15 that he will receive
sealed bids
at the offices of
Mitchell & Persh
bonds
Ore.
Sale—The $115,000 bonds
offered March 13—v. 171,
p. 991—
were
Pershing, of New
oe
government, announced
bidder
Education,1 $100,000 water bonds, as l3/4s, at a
bids until 7
price of 99.06, a basis of about
purchase
.of
$16,750
bonds. Due from
1952
inclusive.
on
Bond
Rogers County Indep. Sch. Dist.
No. 9 (P. O.
Foyil), Okla.
in
sealed
on
of
to 1956 inclusive.
Co. of
171,
p. 1090—were sold as IV2S, at a
price of 100.41, a basis of about
1.39%.
Board
purchase of $9,000 transportation
equipment bonds. Due from 1953
noted
v.
2y4s,
bid reflecting a net
interest cost
of about 2.40%.
The second high¬
est
bidder
was
First
National
a
Offering—Arthur Barker,
of
definitive form will
or
funding bonds of various Puerto
Rico municipalities to a
syndicate
Bidders
Multnomah County, Palatine Hill
Water District
(P. O. Riverdale
School, 11733
Finance
Government
bonds
Warrant Sale—The
$2,000 school
warrants offered March 6—v.
171,
p.
991—were awarded
to
I.
R.
price of
on
York
for Puerto Rico, fiscal
agent for the
with
(P. O.
pur¬
chase
Due from 1953 to
of
bonds.
sewer
Hammer, of Aumsville,
Osage County Dependent Sch. Dist.
No. 50 (P. O. Hominy), Okla.
on
Dated March
1, 1950. Due on Jan.
1
from
1952
to
1975
inclusive.
Principal and interest (J-J) pay¬
able
at
the
office
of
the
Education, will receive sealed
bids
until 7:30 p.m. (CST) on March 29
for the purchase of $44,000 con¬
(PST)
purchase
p.m.
the
Offering—$1,895,000
Municipals Awarded—Rico D.
from 1951 to 1953
inclusive; $850,'
000 from 1954 to 1956
Offering—F. C. McKenCity Recorder, will receive
zie,
inclusive.
Kaw, Okla.
%
New
$1,895,000 Local Municipals Sold
The Government
Development
Due
Bond
system bonds. Due
in
about May 1,
1950,
City.
The approv¬
ing
opinions
of
Hon.
Vicente
Geigel Polanco, Attorney-General
of Puerto
Rico, and of Mitchell &
in
RICO
(People of)
1
April
on
—
1961
Rico
1
1960 inclusive.
'
sanitary
a
March
Daisy Camp¬
The second
highest bidder was
bell,
City
Clerk,
will
receive
John Nuveen J&
Co., at a price of
sealed bids until 7:30 p.m. (CST)
100.07, a basis of about 2.80%.
on
March 21 for the purchase of
$387,000 sewage disposal plant and
Hermiston, Ore.
from
iy2s, at
1
from 1962 to 1965 inclusive.
Anadarko, Okla.
as
government
Due
from 1951 to
OKLAHOMA
Offering
offered
Co., of St. Paul, and
Marshall, of Seattle,
&
Schmertz
Puerto
bank
sewer
at
76,000
Bond
Ore.
to Kalman &
~°hfCii°intly»
of 101-30> a
The
of
a
$400,000
bonds
p.
C.
bonds
made
oe
available funds in
Treasury. Delivery of
bonds.
Grove,
Sale—The
system
13—v.
at
price
basis of about 2.07%.
a
O
highest bidder was J. A. White *&
Co., for 2%s, at a price of 101.20.
Harriman
Ripley & Co., Inc.,
ITaj den, Shepard & Co., First
Cleveland
Corp.,
and
Sweney
Carlwright & Co., all of Cleve¬
land, as 2s, at a price of 102.14,
a
a
basis of about 2.37%.
De¬
interest
and
Dist.
Ohio
Sale—The $120,000 build¬
ing bonds offered March 15—v.
171, p. 991 — were awarded to
nomination $1,000. Due on
May 1
arid Nov. 1 from 1951 to 1964 in¬
clusive.
Sch.
Beverly),
.ckley,
p
Creek
Bond
j ';rr.::ark
j
100.05,
(.jnnati
sold
any
Bank for Puerto Rico.
March 1 from 1958
on
were
R.
Pittsburgh,
inclusive
990,
p.
& Williams, of Cin-
to
price of 100.44.
inclusive, and $20,000
receive
j
a
purchased
noon
T^1'6 i Peck, Shaffer
t
Schmertz & Co., all of
as
2s, at a price of
basis of about 1.96%.
Scott
price of par, as follows:
2s, due on March 1 from
1952 to 1957
Ohio
a
C.
100.58,
sealed
bids
until Douglas County Sch. Dist. No. 15
(P. O. Days Creek), Ore.
(EST) on March 31 for the
Bond Sale Details—The
purchase
of
$22,000
prj,:e of 100.39.
building
$55,000
school
bonds purchased
bonds.
Dated Jan. 15, 1950.
De¬
by the
New Lexington, Ohio
Chas. N. Tripp Co., of
nomination $1,000.
Due on Dec.
Portland,
Bond Sale—The $50,000 water.
15 from 1951 to 1972 inclusive. In- for $40,000 as 2s, and
$15,000 as
wcrks
system bonds
o f: f ered
2V4s, as previously noted in v. 171;'
jterest J-D.
Legality approved by
will
R.
by the
Hayden, State Bond Commission, as previ¬
price of ously noted in v. 171, p. 1090, were
Sch.
Star),
bonds
sold at
sec¬
General
obligations,
for
the
payment of which, both
principal
and interest, the
good faith and*
;axing power of the People of
Puerto Rico are
pledged; also
pay¬
Pittsburgh,
County Sch. Dist. No. 6
(P. O. Empire), Ore.
Bond Sale Details—The
$56,000
Government Development
Puerto Rico, San Juan.
able from
ningham & Co., George G. Applegate & Co., Johnson &
Johnson,
.
Coos
890—were
p.
.
Co., of
price of
a
offered
100.41.
991—were awarded to
p.
bonds
171,
about
to
51
for
the Insular
171, p. 890 — were
syndicate composed
Blair, Rollins & Co., Inc., Sin¬
ger, Deane & Scribner, S. K. Cun¬
receive
sealed
bids
until
March 27 for the purchase of
$20,000 general
obligation bonds.
li¬
as
par.
—
bid
a
cost
price of
a
of
Junction, Ore.
Offering—The City Clerk
Bond
Halsey, Stuart & Co.
IV2S, at a price of 100.52,
of
Portland,
2.20s, at
awarded
Trust
on
the
he
OREGON
Dist.,
$150,000
highest bidder was
Miller & Co., for iy2s, at a
$330,000 con¬
bonds offered March 14
171,
1
Bonds Sold—An issue of
$30,000
school bonds has been sold to
the
Chas. N. Tripp Co. of
will
ond
ij>ond Sale—The
Rrjifansperger, Hughes
lnjlianapolis, as 2y4s, at
City,
&
interest
net
a
1.39%.
of
to
as
basis
a
struction
Bank
Oklahoma
reflecting
about
by
Dempsey,
The
—
Series
awarded
a
of 101.58..
—r.
Sale
brary,
Fahey,
price
was
Co., for 2y4s, at
of
of
Bank
5, Box 716,
Portland 1), Ore.
Monessen School
District, Pa.
Bond Sale—The
$789,000 build¬
ing
equipment
bonds
offered
March 9
v.
991—were awarded to
p.
First National
Co.
Ohio
as 2s, at a price of
basis of about 1.99%: The
a
&
171,
the
payable
Heights City Sch.
1090—
p.
—v.
Coun¬
(P. O.
Route
PENNSYLVANIA
Cave
Savings Co.;
\
Sanders
awarded to Ashland Bank &
were
ties Sch. Dist. No. 62 Jt.
the
provement bonds offered March 9
Bank, Ra¬
approved
for
County Indep. Sch. Dist.
No. 7 (P. O.
Skiatook), Okla.
Sale —The
$35,000 im¬
Cleveland.
Bond
fered March 14—v. 171,
Legality
Squire,
(P.O. Ashland), Ohio
Sale—The $150,000 addi¬
and improvement bonds of¬
(M-N)
20
Bond
1970 inclusive. Prin¬
to
cipal and interest
100.89.
Montgomery Local Sch. Dist.
J
tion
1951
March
on
(1191)
Washington and Multnomah
Tulsa
—
basis of about 1.95%. The second
highest bidder was J. A. White &
(CST)
purchase of $37,000 improvement
bonds. Due from 1952 to 1969 in¬
clusive.
Clerk of the Board of Educa¬
Bond
bus tion, will receive sealed bids until
garage bonds offered March 13— noon (EST) on April 10 for the
v.
171, p. 9,90—were awarded to purchase of $300,000 school bonds.
Ryan, Sutherland & Co., of To¬ Dated May 1, 1950. Denomination
ledo, as 2s, at a price of 100.29, a $1,000. Due on May 1 and Nov. 1
'
CHRONICLE
has been postponed until Mar. 20.
(P. O.
at a price of
FINANCIAL
Clerk of the Board of
Education,
will receive sealed bids
until 7:30
Ravenna
Sch.
Dist.
4),
of the $248,000 construction
bonds,
1.66%.
Jefferson
Sch.
&
originally scheduled for March 17,
Hughes & Co. of Indianapolis, as
l%s, at a price of 100.87, a basis
of
Local
Columbus,
COMMERCIAL
interest
in
the bonds, both locally and in the.
States,
merous
was
reflected
requests
in
made
the
nu¬
to
the
by the above Director.
Principal and interest payable in
Bank, following the award, for its
New
York
assistance
tion
of the
City,
or
at
the
op¬
holder, at the office
in
obtaining
nf the narticular issues.
offerings
J
M
52
THE
(1192)
RHODE
ing
ISLAND
interest cost of
net
a
SOUTH DAKOTA
bonds offered March 13
Aberdeen, S. Dak.
City Treasurer, will re¬
Bond Offering—Lydia W. Kol(EST)
on March 21
for the purchase of hoff, City Auditor, will receive
$200,000 notes. Dated March 21, open bids until 9 a.m. (CST) on
1950.
Denominations $50,000 and March 27 for the purchase of
Michael,
ceive sealed bids until noon
$25,000.
Due on June 6, 1950. $100,000 Sewer Districts Nos. 210
and 211, Special Assessment bonds.
Legality
approved
by
Storey,
Denomination
$1,000. Due from
Thorndike, Palmer & Dodge, of
1951
to
1960 inclusive.
Legality
Boston.
approved
by
Dorsey,
Colman,
Barker, Scott & Barber, of Min¬
CAROLINA
SOUTH
O.
County (P.
Abbeville
neapolis.
Bond
Supervisor^ will receive
until noon (EST) on
31
for the
purchase of
County
bids
sealed
March
$300,000 road 1950 coupon bonds.
Dated April 1, 1950. Denomination
$1,000.
Due on April 1 from 1951
to 1962
inclusive. Principal and in¬
(A-O) payable at the prin¬
terest
TEXAS
Abbeville), S. C.
Offering—J. P. Williams,
cipal office of such bank or trust
as may be agreed upon
•company
by the County Board of Commis¬
sioners and the purchaser to act as
paying agent for the bonds, and,
at the option of the holder, at the
office. Legal¬
ity approved by Sinkler, Gibbs &
Simons, of Charleston.
County Treasurer's
Amarillo,
bonds
offered
bonds offered March 16—v. 171, p.
■991
were
—
to
awarded
Halsey,
Hamilton & Co., of
^Stuart & Co.,
Chester, and the Peoples National
Bank, of Rock Hill, jointly, as
»
I%s, at a price of 100.14, a basis
of about 1.73%.
The second high¬
est bidder was Interstate Securi¬
Corp.
ties
Vance
Charlotte,
Se¬
curities Corp., Greensboro, J. Lee
Pringle & Co.,
Frank S. Smith & Co., jointly,
Peeler & Co., E. H.
and
ioc
price of
basis of about 1.78%.
4s, IV2S and 13/4S, at a
par, a
Lancaster County
S.
Lancaster),
offered March 15
awarded to a syndicate com¬
bonds
1950
were
$240,000 school
Sale—The
Bond
of
(P. O.
C.
posed of the Trust Co. of Georgia,
of Atlanta, G. H. Crawford & Co.,
of Columbia, A. M. Law & Co., of
price of
1.77%,
as
of
100.04, a
follows:
$45,000 as 2V2S.
from 1951
195,000
Charleston,
as
at
a
basis of about
to 1953 inclusive.
13/4s.
from 1954 to
Due on March 1
1950
171,
Corp., of Texas, M. E. Al¬
both of San Antonio,
Eisen & Waeckerle, of
Kansas City, at a price of 100.17,
a basis of about 1.93%, as follows:
curities
332,000 as 2V4S. Due on March 15
from 1955 to 1965 inclusive.
Schoellkopf,
Hutton
&
185,000 as 2V2S. Due on March 15
Pomeroy, of Buffalo, Dominick &
from 1966 to 1970 inclusive.
Dominick, of New York, Marine
Trust Co., of Buffalo, Byrne and
The second highest bidder was
Phelps, Inc., King, Quirk 8c Co., First Southwest Co., Dallas, and
both of New York, Cumberland
Associates, on a bid reflecting a
Securities
Corp.,
of
Nashville, net interest cost of about 2.44%.
Freeman & Co., of New York, E.
Harlingen, Tex.
M. Newton 8c Co., of Boston, OldBonds Sold—An issue of $520,erman,
Asbeck & Co., of Cleve¬
land, McDougal 8c Co., of Chicago, 000 general obligation bonds has
Dewar, Robertson & Pancoast, of been sold to the syndicate headed
San Antonio, Blewer, Heitner 8c by Dewar, Robertson & Pancoast,
Glynn, of St. Louis, Herbert J. of San Antonio, at a price of
Sims & Co., of New York, and R. 100.03, on a bid reflecting a net in¬
S. Hudson & Co., of Dallas, at a terest
cost
of about
2.86%, for
price of 100.06, a basis of about $107,000 as 2M>s; $270,000 as 3s,
and $143,000 as 23/4S.
1.74%, as follows:
as 3V2S. Due on April
10 from 1951 to 1955 inclusive.
2,660,000
as
1
2s. Due on April 1 from
1963 to
1965 inclusive.
second
Nuveen
John
iv2s. Due on April
as
inclusive.
10 from 1956 to 1964
2,055,000
syndicate,
basis
as
highest bidder was
& Co., Blair, Rol¬
Inc., Roosevelt & Cross,
Central Investment Co., of Texas,
lins & Co.,
Indep. Sch. Dist., Tex.
clusive.
(A-O) payable at the City Treas¬
urers' office.
Legality approved
Dempsey
Big Spring Indep. Sch. Dist.,
Bond
Offering
President
witz, of Seattle.
WISCONSIN
Bond
15 from 1950 to 1973
Due
Texas
bids un¬
April 1 from 1951 to 1980
1966 inclusive.
second
est
and
Bonds
$1,000.
2V2S, and $657,000
ONTARIO
23/4S.
as
Forest
Llano Indep.
sive.
Indep. Sch. Dist.,
Neches
Port
payment date thereafter at par
accrued
interest.
Principal
(J-D) payable at the
Frost National Bank, San Antonio.
and interest
(A-O)
tional Bank, Dallas, or,
of
tion
holder,
the
at
County
Sold—An
of $500,-
issue
bonds
has been sold
to Louis
8c
Sons,
of
them
information
for
Investors look to
Country.
your
on
company.
We have
a
in
metal stencil
our
Addresso¬
Department
for
every
alphabetically
arranged
States
by
New York,
most
up-to-the-minute
Our charge for
complete list
offers
service
you
Co., of Montreal, is publicly offer¬
ing an issue of $9,165,000 improve¬
ment debentures, divided as fol¬
lows:
$6,033,000 21/4S and 234s.
at the op¬
bank in
Clancy,
DIVIDEND NOTICE
the
available,
SINCLAIR
clusive.
2,472,000 3s. Due on March 1 frojn.
1961 to 1970 inclusive.
within 24 hours.
Common StochDividend No. 77
gummed roll
small additional charge.
Board
from
North America"
REctor 2-9570
New York 7
the
tion
a
($.50)
of
Directors
Sinclair
of
York
will
Principal
and
Dated March 1,
tion
on
of
Benton County
fifty cents
No.
I
the Common
record at the close of business
on
April 15,
1950. Checks will be mailed.
Bonds
000
President
Public Utility Dist.
(P. O. Prosser), Wash.
Sold—An
revenue
bonds
issue of
$350,sold
has been
Blyth 8c Co., of Portland, as 3s
2%s, on a bid reflecting a net
interest cost of about 2.82%.
to
P. C. SPENCER
1950. Denomina¬
$1,000. Principal and interest:
(M-S) payable in Toronto.
.
QUEBEC
Chambly-Bassin, Que.
Sale
The $25,000
Bond
im¬
—
provement bonds offered March &
were awarded to Wood, Gundy &
Co.,
the Canadian
and
Bank of
Commerce, both of Toronto, joint¬
ly, at
about
price of 97.53, a basis of
3.21%, as follows:a
$12,500
as
2%s.
Due
Jan. 1
on
from 1951 to 1960 inclusive.
12,500
as
1961
3s.
Due on Jan. 1 from.
1965 inclusive.
to
Dated Jan.
1, 1950.
SASKATCHEWAN
Saskatchewan (Province
of)
—
The $900,000
Province
debentures
offered Feb..
awarded
Debenture
were
Sale
to
a
syndicate-
composed of the Dominion Secur¬
ities
Corp., A. E. Ames & Co.r
Wood, Gundy 8c Co., all of Toron¬
to, Royal Bank of Canada,
of Mon¬
Canadian Bank of Com¬
merce, of Toronto, and Houston,.
Willoughby 8c Co., of Regina, as
3V2S, at a price of 98.57, a basis of
about 3.57%. Due on Feb. 1. 1968..
treal,
Saskatoon,
Bond
Sale—The
Sask.
$1,577,000 im¬
provement bonds offered Feb. 2C'
were awarded to a syndicate com¬
of
J.
L.
Graham
& Co.„
both«
Canadian Bank of Commerce,
Stock,
payable May 15, 1950 to stockholders of
share
March 1 frofrfc
on
1971 to 1980 inclusive.
posed
WASHINGTON
on
quarterly dividend
per
City.
Oil
March 9, 1950, declared
Earned Surplus of the Corpora¬
Corporation
Herbert 0. Seibert & Co., Inc.
25 Park Place
Catherine J.
the City Treas¬
urer's office. Legality approved by
Wood. King 8c Dawson, of New
CORPORATION
Publishers of "Security Dealers of
inclusive.
Due
660,000 3s.
interest payable at
The
a
1970
to
(United States or Canada) is
We can also supply the list on
—
Clerk,
Due cm
March 1 from 1951 to 1960 in¬
15
receive
(EST)
on
April 5 for the purchase of
$300,000
water
coupon
bonds.
Dated June 1, 1950. Denomination
$1,000. Due on June 1 from 1951
City
Offered—;
syndicate composed of Burns
& Denton, W. C. Harri3-&~—
Co., Cochran, Murray & Co., all of
Toronto, and Nesbitt, Thomson &
sealed bids until 12:30 p.m.
addressing envelopes for the
All addressing completed
Offering
Bond
Musser,
$5.00 per thousand.
labels at
F. S. Yantis 8c Co., of
Ont.
Publicly
Bros.
Va.
Staunton,
1970 inclusive.
to
Debentures
VIRGINIA
8c Co., of
and
Cities, and within the Cities by firm names.
This list is revised daily and
Antonio, Shields
of San
investment
banking and brokerage firm in the country,
graph
1951
A
Ogden City School District, Utah
lumbian Securities Corp. of Texas,
Winnipeg, jointly, as
price of 101.60, a basis
3.30%. Due on March 1
Toronto,
—
Addressograph Service
,
of
a
about
from
3Y4S, Clerk of the Board of Education
will receive sealed bids until 7:30
33/4s and 4V4S. Dated Dec. 1,.1949.
Due on March 1 from 1952 to 1986 p.m. (MST) on March 23 for the
inclusive.
Optional on March 1, purchase of $1,414,000 building
coupon bonds. Dated April 1, 1950.
1960, or on any interest payment
Denomination $1,000. Due on April
date thereafter. Principal and in¬
1
from
1951
to
1962 inclusive.
terest (M-S) payable at the office
of the
State Treasurer, Austin. Principal and interest (A-O) pay¬
able at the Irving Trust Co., New
Legality approved by Chapman &
York City, or at the First Secur¬
Cutler, of Chicago.
ity Bank of Utah, N. A., Exchange
Hardin County Road Dist. No. 5
Place Branch, Salt Lake City, at
(P. O. Kountze), Tex.
the option of the holder.
Legal¬
Bond Sale
The $610,000 road ity approved by Chapman 8c Cut¬
bonds offered March 13—v.
171, ler, of Chicago.
p. 1091—were awarded to the Co¬
the Investment
Thom-|
Nesbitt,
to
Fairclough & Co., both
& Co.,
3V2s, at
a
Bond Offering—Viola M.
im-;
Toronto, and James Richardson
Water
works and sewer reve¬
water
$600,000
of
by the purchaser. Legality ap¬
proved by McCall, Parkhurst 8c
Control
Crowe, of Dallas.
and Improvement Dist. No. 1
UTAH
(P. O. Galveston), Tex.
Galveston
awarded
were
son
The
—
bonds offered Feb. 15
provement
City, to be designated
York
New
Sale
Bond
First Na¬
at the
payable
William, Ont.
Fort
T exas
Pauls 8c Co., of Galveston, as
the
Ont.
Hill,
Sch. Dist.,; Texas
ma¬
15, 1964, or on any inter¬
Dec.
on
nue
of
Treasurer's offiee.
CANADA
1, 1950. Denomination $1,000. Due
turing Dec. 15, 1965 to 1979, are on April 1 from 1951 to 1981 in¬
callable at the option of the City clusive.
Principal
and
interest
Bonds
Houses
Principal and interest pay¬
sive.
able at the City
at a price of 100.02, a
for $13,000
payment
Denomination
000
Mail your Annual Report to
on
1951 to 1965 inclu¬
from
about 2.78%,
of
date thereafter.
Principal and interest (J-D) pay¬
terest
p.m.
on
1
Due
$1,000.
Denomination
March
inclusive. Op¬
1965, or on any in¬
tional Feb. 15,
(CST) on March 23
for the purchase of $950,000 school
house bonds.
Dated April 1, 1950.
7:30
Flood,
receive sealed
bids until 8 p.m. (CST) on March
28 for the purchase of $75,000 hos¬
pital bonds. Dated March 1, 1950.
will
Clerk,
City
Bond Sale — The $125,000 im¬
Bonds Sold—An issue of $875,Bond Offering — F. J. Young, provement bonds offered Feb. 15
000 schoolhouse bonds has been
Superintendent of Schools, will were awarded to the Bank of 1bsold to Dunn & Wills & Co., of receive sealed bids until March 23
ronto, as 3^s, at a price of 101.46,
Houston, as 2%s, 2V2S and 23/4S. for the purchase of $300,000 con¬ a basis of about 3.03%.
Due (>n
Dated Feb. 15, 1950. Due on Dec.
struction and improvement bonds. March 1 from 1951 to 1965 inclu¬
Board
tees, will receive sealed
Darlington, Wis.
Offering — Clara
.
Marvin Miller,
of Trus¬
—
the
of
Thorgrimson 8c Horo¬
by Preston,
Bonds Publicly Offered—Molo¬
& Co., William
N. Edwards & Co., Ketcham & able at the National Bank of Com¬ ney, Beissner & Co., of Houston,
merce
of Houston.
Legality ap¬ are publicly offering an issue of
Nongard, Bosworth, Sullivan &
Co., Small-Milburn Co., and F. proved by Chapman 8c Cutler, of $300,000 school house refunding
bonds. Dated March 1, 1950. De¬
Brittain Kennedy & Co., jointly, Chicago.
nomination $1,000. Due on March
as 2s and 13/4s, at a price of 100.13,
Del Rio, Tex.
1 from 1965 to 1978 inclusive.
All
a basis of about 1.93%.
Bond Sale Details—The $500,000
of
said
bonds are
optional on
Austin,
Texas
water works and sewage system March
1, 1965. Principal and in¬
Bond Sale—The $1,550,000 gen¬
revenue,
Series 1949 bonds pur¬ terest (M-S) payable at the First
eral
obligation
bonds
offered chased by R. K. Dunbar 8c Co., National Bank, Houston. Legality
March 16—v. 171, p. 1091—were of
San
Antonio,
as
previously approved by Chapman & Cutler,
awarded to a syndicate composed
noted in v. 171, p. 992, were sold of
Chicago.
of Halsey, Stuart & Co., Chemical
at a price of par, as follows: $78,San Angelo, Tex.
Bank & Trust Co., of New York,
000 as 2V2S, due on Dec. 15 from
Bond Offering—Garland Frank,
Blair, Rollins & Co., Inc., A. G. 1952 to 1959 inclusive; $172,000 as
Becker & Co., and Hornblower &
3s, due on Dec. 15 from 1960 to City Manager, will receive sealed
Weeks, both of New York, as 13/4S, 1969
inclusive, and $250,000
as bids until 10 a.m. (CST) on March
at a price of 100.15,
a
basis of 3V4S, due on Dec. 15 from 1970 to 29 for the purchase of $6,000,000
about 1.74%.
1979 inclusive. Dated Dec. 15, 1949. water revenue bonds. Dated April
Dallas,
April 1 from 1952 to 1965 in¬
Principal
and
interest
on
sewer
revenue
sold to the above
bonds has been
13/4S. Due on April 10
as
$115,000
of
purchase
funding bonds.
Dated April 1,
1950.
Denomination $1,000.
Due
is¬ Legality approved by Chapman &
Cutler, of Chicago.
Sold—An
Bonds
$670,000
of
sue
from 1965 to 1970 inclusive.
Deer Park
to 1955 inclusive.
595,000 as l3/4s. Due- on April
from 1956 to 1962 inclusive.
280,000
Additional
$1,285,000
the
for
22
sealed
receive
(PST) on March
bids until 10 a.m.
$93,000 as 2V2S. Due on March 15
from 1951 to 1954 inclusive.
Ray Appling,
—
will
Clerk,
of about City
Wash.
Walla,
Offering
Bond
a
Corp.,
inclusive.
Legality approved by
highest bidder was Dumas, Huguenin & Boothman, of
Dallas.
Hamilton & Co., on a bid reflect¬
The
992—were awarded to a syndi¬
of Drexel & Co., of
2%s. Due on April 1
as
from 1951
jointly, at
Houston,
Philadelphia, Equitable Securities
and Lucas,
$375,000
of
Co.,
price of 100.04, a basis
171, 2.37%, as follows:
cate composed
lison & Co.,
til
Due on March 1
15—v.
992—were awarded to a syndi¬
cate
composed of the Equitable
Securities Corp., Coffin & Burr,
of New York, the Columbian Se¬
Barn¬
Huger,
and
Spartanburg,
well &
Co.,
March
p.
The
Sale—The $500,000 school
Bond
Series
improvement,
(P. O. Charleston), S. C.
.
—
street
Charleston County Sch. Dist. No. 4
*
Sale
Bond
Texas
The $1,250,000
p.
v.
—
&
Walla
Abercrombie
Chicago, and Lovett
(P. O. Dallas), Tex.
Bond Sale—The $6,000,000 road
1.84%.
Newport, R. I.
Offering — George W.
Note
Road Dist. No. 1
Dallas County
about
Monday, March 20, 1950
FINANCIAL CHRONICLE
&
COMMERCIAL
and
Nova Scotia,,
Bond Corp.,Cochran,
Murray 8c
Co., Fair¬
clough 8c Co., and Anderson & Co.r
all of Toronto, as 3s, 3^s and 33/4S,.
at a price of 100.47. Due on April
1 from 1951 to 1980 inclusive.
of
of
Toronto, Bank of
Halifax, Bankers
■>
t
4
'I
■
@FedFRASER