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INMm»
BUS.
<
mar s
i fg,
AD^
LIBRAE
MONDAY
Reg. U. S. Pat. Office
Volume
169
Number 4787
New
York, N. Y., Monday, March 21, 1949
Price 75 Cents
a
Copy
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
INDUSTRIAL
-
INSURANCE
-
Addressograph-Multigraph Corp.—Earnings—
The
(Including Canadian Subsidiary)
Period End. Jan. 31—
Net
1949—6 Mos.—1948
Factory
Other
margin
misc.
Total
Total
income
Net
taxes
profit
Unrealized profit
eign exchange
Net
(est.)
from
$1,927,209
—V.
1.
$4,665,537
$6.18
Gross
of
-
848,073
$9,536,961
3,006,789
debt
disc.,, '.r-iy,'.
'
•
4,670
5,088
60,317
Cr2,382
Cr46,980
income
$871,519
$498,473
$6,941,528
Divs.
on
preferred stock
Balance
105,000
1,260,000
$6,422,806
1,260,000
$393,473
$5,681,528
is
40
The
the
corporation
month
stock
of
the
prior
shares
shares
of
preferred
chases
March
on
February,
200
corporation
246,700
Co.
of
and
of
stock
so
of
it
28,
its
Exchange—
42
—
for
50,430
corporation
also
797.
reports
of
The
of
pur¬
Pittston
Allied Gas
To
the
Operating
Operating
Federal
rants
Condition
six
Statement
Reserve
of
of
Utility
Other
operating
income
Gross
$142,087
161,290
150,653
3,200
48
*$8,566
10,019
y
9,161
$18,051
-
$595
(net)
directors
2,349
be
The
166,
*$1,138
~
1573.
p.
of
entire
stock
common
of this corporation and of Amra
Corp. on March
consolidation of the latter
corporation with and into
Corp.
Amra
Corp., a holding company,
the
Bosch
the
owns
at
As
Bosch
the
the
will
of
of
Bosch
Corp.
filed
of
stock
be
of
B
American
Corp.
is
the
and
expected
Bosch
will
by
of
common
A
a
can
Bosch
Bosch
after
each
of
armed
their
stock
common
converted
the
basis
Amra.
and
The
authorized
the
American
cease
to
will
948,560
8/10ths
be
Bosch
now
for
exist,
be
can¬
will
have
outstanding will
share
share
of
share
a
basis.
The
share
for
new
of
Arma
of
has
been
the
Operations
of
the
with
companies
15,
of
the
certificate
Ameri¬
continue
under
on
New Stock—
American Bosch Corp. and Amra
Corp., on March
filing in the Department of State in
Albany, N. Y..
of consolidation. It was
expected the filing would
shares
since
169,
p.
1944
as
to
to
(10c
the
par)
SEC
for
non-assess¬
of
the
company.
a
issue
new
the
issue.
debentures
company
the
entitle
but
convertible
for
subscription.
If stock¬
expects that assignable war¬
debentures at their face amount
the
with
would
of
stockholders
granted,
issue
of
of
and
by
On
the
The
would
May
Securities
each
amount
not
15, 1949, following regis¬
Exchange Commission.
and
stockholder
of
exceed
to
the
$100
purchase
issue
of
has
his
not
debentures
stock
the
stock
1949,
to
it
maximum
company's
Kelly,
Jr.,
by
pro
yet
as
for
each
rate
a
will
not
is
not
mature
earlier
of
to
as
shares
outstanding on Feb. 15,
approximately $391,000,000
be
debentures for each
at
the
debenture
be
the
of
meeting
prices
the
not
conversion
later
than
whole
a
one
to
of
exceed
as
the
20,
part
the
holders
$150
at
required
of
1964.
the
date
of
to
the
share.
determined
The debentures
determined by the
will
be
of
shares
authorize
and
company
debentures
of
on
the
30
will
company
days'
notice
indenture.
at
The
stock
of
the
conversion
a
difference
and
convertible
The
option
issue
capital
thereof,
per
finally
cash.
Assistant
shares
of
semi-annually
June
in
or
after
year
option
price
is
obligations
prices to be specifed in the
deberltures will be convertible into
at
six
number
issue.
unsecured
redemption
pany,
total
they will be dated June 20,
1949, will bear interest
more than 3!/2%
per annum payable
not
than
of
two-thirds
vote
will
that
of
would
made.
holders
fbe redeemable
at
issue
convertible
of
number
the
offering of $100
debentures
expected
by employees under the Employees' Stock
up
the
of
of
entitled
proposed
and
taken
basis
amount
outstanding
is
at
stock
the
outstanding
be
Shoe
applied
$100
within
will
be
such
as
or
the
payable
period
directors.
com¬
price
between
in
may
The
797.
company intends
to
use
the
proceeds from the sale
of
the
(and
any
additional cash payments which
may
be re¬
conversion of debentures) for
advances to
subsidiary and
associated
companies;
for the
purchase of stock
offered
for
sub¬
scription by such companies; for
extensions, additions and improve¬
ments to its own
telephone plant; and for general
corporate purposes.
The
comDany is unable to determine the
amount
of
such proceeds
which will be devoted to
any one of the
foregoing=ptrrposes.
Foreign Power
ceived
A
protective
committee
for
$7
Co.,
Inc.-
-Committee to
second
preferred stockholders has
received SEC permission to solicit
holders of such stock for authoriza¬
tion to represent them in
proceedings before the SEC for the reorgani¬
zation of American
&
Foreign Power. The committee members are
William J. Hamilton,
Jr., John F. McKenna, and George L.
of
Stark,
Philadelphia.—V.
169,
all
1011.
p.
The
upon
resolution
American Oil Explorers, Inc.—To Use
New Approach
Raising Venture Capital—Stock Registered With SEC
A
ance
in
a
new
of
approach
paid-up
to
life
the
raising of venture capital, calling for issu¬
insurance to investors, was revealed
March
17
registration
statement filed
with
the
SEC
by the company.
will
be
of
ihe
the authorization
follows:
"Resolved:
in
which
with
as
of
an
at
such
may
to
an
that
issue
rata
pro
of
to
and
disposed
aggregate
and
it
of
the
issue
of
the
subscription
such
upon
as
and
the extent not
the
principal
terms
meeting in connection
debentures will be
of
hereby is
debentures
stockholders for
determine, and, to
be
be
to
proposed
convertible
the
time
consent
submitted
given
to
company
at their
conditions
purchased
as
under
the
to
not
offered
amount,
the
directors
such
directors may
amount
creation
be
face
determine, said issue
exceeding $410,000,000
offering,
to
be
NEW ISSUE
$1,500,000
FERNANDINA PORT AUTHORITY, FLA.
St. Louis Listed and Unlisted
Securities
4% Toll Road Revenue Bonds
Priced to Yield
3.25%-4%
Edward D.Jones
Due 1952-1978
Circulars
Available
on
300 North 4th St., St. Louis
qAllen
30 BROAD
&
STREET
Telephone: HAnover 2-2600
Compan y
Bell
Co.
N. Y.
Teletype: NY
2, Missouri
Members
New
St.
NEW YORK 4,
&
Established 1871
Request
York Stock
Louis
Stock
Chicago Stock Exch.
1-573
New York Curb
Exchange
Exchange
Chicago Bd. of Trade
Exchange Associate
Phone
CEntral 7600
Ben
Teletype
SL 593
of
bear
to
American
key supplier of
equipment
for
the
will
Brake
Solicit—
are
two
common
has
shares
stock of American
preferred shares and ap-~
communication
new
Co.—Comptroller Appointed—
Kellog Division.—V.
&
non-competitive manufacturers
American Bosch in Diesel fuel injection
equipment and Arma as a
and
the
on
169,
debentures
American
products,
control
Shoe
outstanding
21,889
share
into
outstanding
shares
of
per
consolidation, payable April
managements;
directors
16
New
shares.
Initial Dividends Declared
of
into
of
Total
will
common
electric
fire
services.
present
of
Bosch
precision
automotive
navigational,
be
on
consolidation
1,105,322
American
high
and
share
the
proximately
Both
will
common,
for
of
cumulative preferred
par value. The 156,762
1,185,700
Bosch
B
5%
stock, $2
cents
the
President.
Decker
Comptroller
.-y
American
into
new
common,
on
a
share
Amra preferred
will be converted
American Bosch preferred stock. The
common
class
'-Sp
plan,
converted
Amra
to
regular
a
record
wholly-owned subsidiary of American
outstanding
new
14,
Amra
scheduled
was
declared
George N. Decker has been appointed Comptroller of the
Kellogg Division, according to an announcement
by W. T.
certificate
State
of
Amra
owned
consolidation:
class
the
March
on
company,
stock
approved
a
the
of
I
the
the
all
that
Department
action
'.-"v,-"-
the
after
stock, $100 par value, and
shares
It
with
surviving
class
will become
terms
Arma
month.
■■■V;.
the
two classes of
of
Bosch.
stockholders'
the
Bosch
and Arma
Under
be
this
the
become
American
celled,
stock
American
will
end
result
a
25
of
16
offered
determined
The
presently
capital
of
consolidation
York
of
pursuant
March
on
year.—V.
carry forward an expansion
program,
stockholders to authorize at the annual
the
April 20
to the convertible
stockholders on or about
to
warrants
The
Bosch
April 5.
1949.
The directors
also
declared
a
regular quarterly dividend of $1.25 on the new
preferred stock payable
May 31, 1949 to stockholders of record May
16, 1949.—V. 169, p. 797.
Mr.
stockholders
approved
dividend
issued
stockholders
Division
14
American
last
for funds to
on
is
the
the
1,733
$15,612
-
American Bosch Corp.—Consolidation
Approved—
American
of
American Brake
tincome
of
Plan.
^
The
quarterly
$8,032
(net)
*Loss.—V.
take place on March 18 at which time the
consolidation
to become effective.
'
of
capital stock
subscribe
sent
1949,
to
income
income
Income deductions
Net
$172,522
taxes
Exchange
common
transfer records
asking
held
be
portion
tures
System
week
outstanding on the record date for rights to be
fixed by the
directors, which is expected to be May
6, 1949.
The
number of shares
outstanding on the record date will be affected
by
conversions of the
company's presently outstanding convertible deben¬
of Federal
Member Banks
to
be
tration
48
Statement
Federal
will
Approval
deductions—
revenue
also
(Calif.)—Delisting—
Mining
stock
need
is
would
been
Condition
the
to be
approval
stock
revenues
income
meet
which
Co.—Earnings—
1947
He
Co.—Weekly Input—
corresponding
delist the
the
on
holder
48
...
to
company
meeting
Reserve Banks
1948
Secretary.
Telephone & Telegraph Co.—Debentures
Expected to Be Offered to Stockholders of Record on or
About May 6, 1949—
if
Twelve Months Ended Dec. 31—
Assistant
1105.
p.
American
rata
Allegheny Ludlum Steel Corp.—Official Resigns—
v
elected
169,
12,468,000
the
over
Francisco
transferred
Such
Combined
The resignation of Melvin
C. Harris as Vice-President in
charge of
production was announced on March 11.
Pending the election of a
successor,
C. B. Pollock, Production
Manager, will be in charge of
production for the company.—V.
169, p. 1001.
been
able, of the corporation. According to the
application, American Silver
has filed a petition in
bankruptcy and its. shares no longer can be
48
Foreign Exchange Rates
;
-
San
authorization
Dividends Declared and Payable
held
shares
5.34 %,
or
The
-
45
...
account
corporation
February of 4,000 shares
stock.—V. 169, p.
the
the
and
A,
has
Treasurer.—V.
American Silver Corp.
43
,
Section
General Corporation & Investment News.Cover
State and City Bond Offerings
____58
The Course of Bank Clearings.-.
47
Redemption Calls and Sinking Fund Notices...48
purchased during
A preferred
the
1109.
p.
Miscellaneous Features
Stock
series
stock
1949,
series
The
had
of
preferred
Feb.
stock
acquired.
that
shares
prior
of
as
preferred
during the month
common
reported
6,600
its
and,
it?
9
1949,
Cardman
to
the week ended March
10, 1949, the system inputs of subsidiaries
to 246,118,000 kwh., an increase of
kwh.,
41
<•
Alleghany Corp.—Purchase Additional Preferred
to
••
,
42
Stock
797.
p.
L.
American Power & Light
For
-
■
■
intends
,
of this company amounted
$5,162,806
105,000
$766,519
——
169,
a
assistant
40
Over-the-Counter Markets
46
Transactions New York Stock Exchange
28
Transactions New York Curb Exchange
28
Stock and Bond Averages—
—q»r-37
60,385
Crl.711
expense
advice.
fully paid
felt
-39
Toronto Stock Exchange—Curb
!/■.>;
and
a
medical
no
purchase of
Michael
40
Montreal Curb Exchange
Toronto Stock Exchange..
269,837
3,283,795
'r':' A-.u ':-yv-y,:
with
American Overseas Airlines, Inc.—New
Official—
39
St. Louis Stock Exchange.
San Francisco Stock Exchange
3,820,894
$771,686 $10,283,258
necessary technical management
that the company "will
purchase
policy
,
._—-39
Philadelphia-Baltimore Stock Exchange
Montreal
302,479
debt-
the
states
embark."
38
Pittsburgh Stock Exchange
(4,114,065
610,751
is
applying
the
...39
Exchange
585,193
Cr32,956
Net
Stock
3,342,304
$1,145,712
and
38
585,193
deductions
Other
—V.
taxes—)
long-term
premium
48,766
__33
Stock
with
insurance
by the corporation," according to the
prospectus, "that
major part of the proceeds from the sale of
this issue
fully paid-up ilfe insurance having a face amount
equal to the sum paid by investors, it will offer to
such investors
reasonably long range protection against loss of the
capital invested
in the speculative
program of oil exploration upon which it
by
to
29
Exchange
(3,744,120
income
on
Amortiz.
*
48,766
(Bonds)
Exchange.
Los Angeles Stock Exchange
1949—Month—1948
1949—12 Mos.—1948
$3,901,685
$3,682,973 $45,040,121 $39,352,907
1,481,636
1,917,770
22,261,985
18,389,995
377,500
334,000
4,051,500
3,677,560
—
Federal income
Int.
Detroit
of
acquis,
General taxes
Stock
"It
17
Stock Exchange
Cincinnati Stock Exchange
$6.38
plant
adjustments—
(Stocks)—
Chicago
Co.—Earnings—
depreciation-.
Amortization
Boston
$4,810,752
$3.24
Stock Exchange
Cleveland
expenses
for
$2,444,198
Page
New York
New York Stock Exchange
New York Curb Exchange
Dr52,97g
$2.55
Period End. Jan. 31—
Gross revenue
Prov.
Cr50,946
Quotations
.
Inc.
prospectus
life
examination required for
each of the purchasers of the common
stock—in amounts equal to the
public offering price of
the total number of shares purchased
by
each
shareholder, but no less than $250 nor more than $2,000 in
amount for any one investor."
■'
.
Alabama Power
Operating
Dr30,925
—
share—
p.
Stock and Bond
$4,863,731
$1,923,576
per
169,
$4,614,591
oil
New
Explorers,
up
on for¬
profit—
Earnings
$2,475,123
Dr3,633
oper.
of
The
$10,713,819 $11,693,145 $23,140,766 $24,231,165
7,541,129
7,640,671
15,513,045
15,567,906
1,245,481
1,577,351
3,013,130
3,799,528
deductions-—
inc.
In This Issue
$10,638,133 $11,592,433 $22,937,213 $24,061,030
75,686
100,712
203,553
170,135
income
Federal
.
Co.
Deardorf
(shipments)- $20,089,586 $21,235,838 $42,514,846 $42,650,955
goods sold——
9,451,453
9,643,405
19,577,633
18,589,925
of
which was organized Jan. 3, 1949 to
participate in
exploration, plans to offer to public.,
through Tellier
York, 5,000,000 shares of common stock.
Oil
Corp. of
Oklahoma City,
will provide American Oil
company,
speculative
&
1949—12 Mcs.—1948
sales
Cost
MISCELLANEOUS
-
*
2
THE
(1218)
such
rate
other
of
interest,
to
mature
conditions
and
terms
that
and
it
such
at
Lewis
the
be
may
record
John
.
of
Gilbert
J.
shares
21
of
York,
New
Y.,
N.
FINANCIAL
CHRONICLE
the
dends
as
this
exceeded
20%
per
$17,000,000,
year
the
011
which
was
return
amount
bus
W.
Corp. is now
tinue to operate along
registered
a
investment
substantially the
lines
same
FIRST
FOR
MONTH
OF
CALENDAR
as
*
Month of January—
ing
1949
Operating
revenues_____
"Uncollectible oper. rev.__
1943
$18,422,403
$18,857,729
80,679
j._
61,284
_______
Operating expenses
Operating taxes
13,956,002
13,027,469
2,223,446
$2,953,551
*681,864
operating income
Net after charges
796,288
"'Deficit.—V.
169,
American
There
have
been
called
for
in
account of the sinking fund, $57,000
of 20-year 3debentures, due
April 15, 1962, at IOIV2 and interest. Payment will be made at the
Guaranty Trust Co. oi New York, trustee, 140 Broadway, New York,
''
N. Y.
.ySW-v
Feb,
On
28,
1949,
161
called for redemption,
^
3%
debentures
of
$1,000
still Unredeemed.—V.
were
previously
each,
169,
486,
p.
October
In
the
L Atlas
Corp.
be
exchanged
31,
Dec.
at
November of
and
for subordinated
1948
owned
taken
was
in
1945
retire
to
Proceeds
and
of
excess
permanent
duced
to
shares
Indian
of
Corp.—Merger With American Bosch Voted—
See Americn Bosch Corp.
'/•
above.—V. 169, p. 798.
outstanding preferred
mind that rather than
Month of February—
Period End. Jan, 31—
Sales
$555,972
__
—V.
r
1948
$471,368
$7,236,680
$9,609,025
169, p. 202.
Period End. Jan, 31—
$2,293,507
$1,762,375 $24,589,841 $19,184,696
856,366
13.267,791
10.021.848
'
Oper.
excl.
exps.,
Federal
Other
1,160,748
taxes_
taxes
241,147
133,296
tirement
of
2,532,264
1,407,829
131,298
2,071,173
1,360,316
option
$447,835
$547,661
lease
for
of
27,520
$520,141
income
$4,556,683
(net)
28,000
329,758
345,417
$419,835
■
$4,981,026
$4,211,266
1,291
1,277
33,621
12,950
$521,432
$421,112
$5,014,647
132,437
115,828
1,355,836
$4,224,216
1,170,614
$388,995
$305,284
$3,958,811
Dividends applicable to pfd. stocks for period—
■
608,609
in
Gross
income
Interest,
etc.
charges__
1948
was below the aggregate asset
The company also reacquired at a. cost
warrants to purchase 21,100 shares of
option
of
excess
asset
value
shares
of
stock
of
elected
Vice-President of
a
production
of
and
the
development
in
corporation.
the
Women's
.1948
1947
1946
1945
$5,557,073
$5,521,312
1,531,334
$2,793,322
$2,118,188
1,531,334
437,524
437,524
$3.53
$3.61
$6.33
$4.84
the
over
cost
2.
p.
Bell Aircraft Corp.—To Vote on
stock
the
of
169,
The stockholders
of
stock
the
Equipment
p.
wili
held
by
on
and
Corp.
Acquisitions—
16 consider authorizing the', acquisition
Corp. in American Wheelabrrtor &
Refrigeration Corp. See also V.
169,
May
York
First
Baker
1106.
Bell Telephone Co. of Pa.—Registers
The
SEC
With SEC—
on March
11 filed a registration statement w th the
the pufcl.c offering of $25,000,000 of 25-year debentures.
company
propos ng
The debentures
be
to
are
offered
for .vale
at
competitive bidding,
which
will determine the interest rate, offering price, and underwriting terms.
Proceeds of the financing would be applied toward; repayment of
advances
from American Telephone and Telegraph
Company, parent,
are
expected to approximate $28,000,000
by April
19,
1949.
represent borrowings for geneial corpoiate purposes, including
construction additions and betterments. In addition to these borrow¬
which
ings,
nontaxable to
ACCOUNT
shareholders
the
FOR
Income—Dividends
sold
company
$45,000,000 of
$45,000,000 of
stock in
.
RESULTS
Month of
FOR
MONTH
FIRST
1947
1Q4R
$2,149,976
72,477
Jn
193,088
YEAR
1948'
1949
$13,655,259 $12,629,472
26,353
26,719
£
.
■104s
$2,678,358
87,102
CALENDAR
OF
January—
revenues
Uncollectible
oper.
rev.
$2,985,658
American
to
...
'Operating
65,485
stock
common
1948.
expenditures, which amounted to $12,000,000 in 1945,
$37,000,000 for 1946, $55,000,000 for 1947 and $67,000,000 for 1948, are
"expected
itoi continue at a high rate over the next few years,"
according to the company.
YEARS
CALENDAR
and
Construction
income.
$2,599,848
._
Interest
dividend
as
the
1947
exercised
INCOME
$3,053,602
€08,609
been
cnarge
sha.ie.-__________
,
outstanding and the number of
1948
Net income
.
.
$4,814,592
These
100%
were
in
taxes
of
—V.
for purchase of
If these warrants
by the holders thereof on Dec. 31, 1948, the
capital of the company would have been increased by $48,175,275 and
the outstanding number of shares of common stock by 1,927,011.
In
Such event the asset value of this increased total of outstanding stock
would have been approximately $26.10 per share.
The Treasury Department has
issued a tentative ruling, pending
final audit of the income tax return, to the effect that dividends paid
plant
(net)
Other
$5,310,784
1949—8 Wks.—1948
$1,711,133
$2,446,878
prollt after charges
No.
The
company
has outstanding option
warrants
1,927,011 shares of common stock at $25 per share.
been
has
Lee
C.
be
and
warrants.
all
$2,343,079
-
Beech-Nat Packing Co. (& Subs.)—Earnings-
\
had
Rent
The
between the number
1,844,338
1,401,511
re-
approp.-
res.
195,279
131,597
210,655
taxes
Property deprec.
,
1949—12 Mcs.—1948
1949—Month—1948
Operating revenues._____
pay off
term bank loans of $5,000,000
capital.:—V. 169. jp. il39.
j.iy:
j'j
Calendar Years—
vantageous. The management presently believes, in view of the rela¬
tionship oroutstan'ding common stock to outstanding option warrants,
that as common stock is hereafter reacquired at a discount, it would
be advisable to use at least a part of the discount in reacquiring and
retiring outstanding option warrants so as to maintain a relationship
Arkansas Power & Light Co.—Earnings—
;
to
1949—4 Wks.—1948
_—r_
will
Net
This cost
purchased.
outstanding
stock.
used
working
Earnings per com. share
$814,769.
of
stcck
a
Manufacturing Division.—V. 169, p. 798.
and option warrants reacquired resulted in a benefit to the remaining
outstanding common stock at Dec. 31, 1948, of about 7 cents per share.
If no option warrants had been acquired this saving would have been
about 13 cents per share.
Purchase of outstanding common stock will
be continued so long and during such time as such action appears ad¬
1949—12 Mos.—1948
$515,684
the
$110,117
common
1949
1949—Month—1948
of
of
$478,566
•
Sales
.
an
reacquired
be
to
are
additional
Herbert
He
capital.
reacquired 38,967 shares of its own common stock during
average cost of $20.91 per share, making a total cost for
stock
>.'
-
New Vice-President—
$5,OC0,000.
value
Angerman Co., Inc.—February Sales 1.5% Higher—
.
at
1948
;
"
the
Atlas Corp.
!
for
Period End. Feb. 26—
"'
Amra
52-year
a
(A. S.) Beck Shoe Corp.—Current Sales Off 4.2%—■
convertible deben¬
212,488
Atlas
of
'
succeeding Charles
terminating
1949,
15,
110J.
p.
been
Privately—The com¬
announced March 14, has obtained from the
Sales
decision
169,
has
maintenance,
15-year 3V4% loan of $10,000,000; repayable in 10 equal
annual instalments beginning in 1955.
losses.
the
of
sale
Accordingly, on April 6, 1948, this
company entered into a credit agreement with Manufacturers Trust
Co. under which Atlas Corp. may borrow during the ..first year up to
$10,000,000 at an interest cost of 2% per annum. At the end of the
first year any borrowings then existing may be funded for ' an addi¬
tional year at,the same interest rate.
At the year end Atlas Corp. h?'d
borrowed for its corporate purposes the amount permitted under the
credit agreement.
As of March 9, 1948, the bank loan has been re¬
April" 15, next, for the
on
substantial
for
season
Corp. the management had in
pay the higher dividend rate regularly on this senior capital, the com¬
pany would borrow from time to time as temporary funds were needed
Redemption—
redemption
lightweight motorcycles.
will later
notes
When
897.
p.
full
Motocycle Co..I
stock
Tobacco Co.—Partial
first
the needs for more working capital, Atlas Corp. loaned
totaling $1,500,000 on a basis subordinate to bank loans
creditors.. By agreement with the company, it is anticipated that
these
2,815,425
$2,156,276
Net
incurred
consequence
the
career.—V.
1948,
1,
and
it was
Equitable Life Assurance society of the United States
sums
tures.
*
in
be
Vice-
June
retired on March
who
pany,
meet
to
Indian
and
thus
will
company's new
$18,335,724 $18,796,445
and
year,
1949
year
1948,
Operating revenues
last
season
The
oper-
elected
since
of operation
Bay 11 k Cigars, Inc.—Placed Loan
to production difficulties and delays incident to the manufac¬
of new products in a new plant, Indian Motocycie Co. was able
produce only a limited number of machines during its normal sell¬
to
;' has been Assistant Vice-President for
w
charge
Horn,
railroad
and will con¬
does Atlas Corp.
Due
YEAR
Van
Baker,
maintenance
in
1
,
"Ml.—New Vice-President—
*
company
ture
RESULTS
C.
and
aton
hresident
Ogden
accruals
operation.—169, p. 106
Will.am
in
Corp. and its subsidiary, Ogden Corp., together now own an
approaching 40% of the outstanding stock of Barnsdall Oil Co.
amount
under
tax
Baltimore & O/
situation.
Atlas
losses of Baltimore Coach Co. for the year 1948,
the Federal income tax laws, 'and adjustments of
of Baltimore Transit Co., due to the conversion-to
operating
tain
cei
of
invested
average
an
annual
average
of
allowable
normal
a
received
than
more
each
of
is
Monday, March 21, 1949
back
company's major special interest. This shift of
one company to another and from one industry
phase of Atlas Corp.'s operations pursuant to
its often
announced
policy of going heavily into speoial situations
(without predisposition as to type of company or industry involved)
that give promise of substantial capital profits over the long run.
The
profit on the investment in Radlo-Keilh-Orpheum Corp. including divi¬
another
to
stock, informed the company
by letter dated Dec. 1, 1948 that they intend to present at the meeting
for
action
by
stockholders a proposal for cumulative voting.
The
management
recommends a
vote
against
this resolution and also
against stockholders' proposals relating to changes in pension plan.
(See also V. 169, p. 793.Jof
&
heavy investment from
hereby
and
Gilbert
D.
holder
substituted
was
to contain such
determine;
and
and
date
directors
the
as
is given to the directors, under such
regulations as they may adopt, to confer upon the. holders of such
debentures
the
right to convert the principal thereof into capital
stock of the company within such period and upon such terms and
conditions as may be fixed by the
resolution of tne directors con¬
ferring said right of conversion."
consent
COMMERCIAL
__
Operating revenues
Operating expenses
$13,628,906 $12,602,753
__
10.863,869
____
10 "68,060
■
—V.
169, p.
Arma
Miscellaneous
1105.
Total
Corp., Brooklyn, N. Y.—To Cease to Exist—
See American Bosch
Corp. above.—V. 165,
Federal
tNet
•
for
construction
its
additions
and
betterments
in
and
treasury for expenditures heretofore made
for
part
.such
property additions for 1948 amounted to $18,514,079
.to approximate $19,584,000 in 1949.—V. 169, p. 2110.
Associates Investment Co.—New
1
»
,
Robert
elected
will
devote
time
full
and
his
duties
firm
Mr.
of
Seebirt,
Deahl,
&
counsel
for
with
the
director
and
commitees.
legal
as
Mr/
consultant and
the
Oare
is
also
a
considerable
with
member
director
the
of
Haskins
of
Sells.
&
He
started
as
head
of
In
last
President.—V.
year.
169,
p.
Morris
succeeded
F.
W.
Gas Light
as
a
Van
revenue
and State
Antwerp
to
income
269,141
Common
contingencies
stock
9,850,460
*___
•
unrealized
3,718,484
tExcess
market
of
cost
over
with
based
are
by
respect
358,331
the
market
on
investment
of
10,682;960
board
quotations
directors
of
or,
of
as
acquired
at
in
the
that
1
the
absence
date.—V.
169,
p.
598.
L
Period End. Dec. 31—
Revenue
miles
3,556,059
20,551,354
passengers
Transfer
8,775,590
passengers
Total
253,610
90,000
oper.
revenues
$1,963,516
oper.
"exuenses
1,700,831
Depreciation
230,129
Cr33,142
Taxes
$1,375,018
per
169,
p.
common
share
(802,553
$1,501,092
$1,71
$1.87
shares)—
Operating income-—
Nonoperating income
40,880 200
40,010,824
3,374,404
20,767,624 236,178 301 240,582,184
•
9,019,014
Fixed
V:
Int.
19.426 303
17.286.102
2.537 294
2.100,760
1,844 916
2,266,805
Net
*
company's remaining holdings of common stock of Radio-KeithOrpheum Corp. consisting of approximately 24% of the stock of that
company were sold to Howard Hughes during the year 1948.
Subse¬
quently holdings in Barnsdall Oil Co. were enlarged and that company
The
Commercial
Dana
offices:
135
as
La
$35.00
account
Chronicle
President;
of
(Reg.
William
Salle
matter
Union,
On
Financial
and
Seibert,
S.
second-class
American
NOTE:
$14,043
$1,310,493
$1,298,413
42,409
5,410
88,602
$19,453
$1,221,891
$1,3.58,742
per
year;
in
U.
S.
Riggs,
Patent
Business
150,171
50,143
592,794
income—.
$47,434
*$37,118
*$1,964,856
Net
William
Manager, *
B.
Dana
Published
Comnan"
Ti
.
L \».f t
<
organization
an
following the
Miss
1949.
elected
meeting
of
meeting
annual
remain
Dillon,, will
Vice-President
operations
Edison
of
Steam
at
Jeffords,
F.
Lumber
&
as
fluctuations
in
111.
the
(Telephone
rates
of
State
0613);
exchange,
1
Drapers'
remittance
twice
of
20
duties,
line
gas
natural
lias
and
Kips Bay
other
meeting
Weber
years
the
been
at
of
Weber
Mr.
conversion
and
of
gas.
of
stockholders
were:
Commerce;
brokers;
insurance
Brooklyn
H. Tesauro, President of the
Island and former President of
Andrew Schmitz of Mc-
Coney
of
Trust
Co.,
Daniel
and
Schmeidler,
Karl
B.
Assist¬
Weber,
newly-
Vice-President.
enlargement
of
the
Board
intended
was
community
served by the company,
it was announced.—V. 169, p, 2.
to
in
give
representation
addition
to
its
the
Publishers
1948
income
income
1
before
stock
after
addition
207,400
163,409
office
one
•
$805,250
259,724
141,701
taxes__
of
1947
$1,120,322
.___
taxes__
in
Spokane,
Wash., and two offices
corporation's activities so that
increased the scope of the
end it was operating i-8
year's
cities
branch
offices
in
17
in
at
principal
25
Park
Place.
New
York
8,
of
The
A
four
Western
States.
Declares Extra Class A Dividend—
declared
directors
the
usual
common
quarterly
stock,
also
an
extra
dividend
the
usual
{Continued
N
Y.
REctnr
2-9570
Herbert
dividend
of
10
D.
on
of
cents
quarterly
a
subscriptions
the
Station
Thomas
were:
Gardens,
for foreign
a
manu¬
Charles
Heitzmann,
James
A.
Kennedy,
O'Malley, Mrs. Helen S. Steers, John L.
Co.
Inc.,
of
his
natural
annual
Chamber
Schnrtz,
Mr.
than
all
of
Trommer.
newly-elected
Island
charge
company.
more
Among
reception
Jr.;
F.
in
Operations of
the
of
the
Walter
for
of
Corp.
installation
the
Co.
and advertisements must be made In New York funds.
>
f. I'
at
years,
Company,
15,
accommodate
income
The
$695,594
of
December, 1948, showed an operating loss of
approximately $155,000 before major year-end tax adjustments, con¬
sisting principally <?f refund of 1946 income taxes due to the carry-
Office)
23
the
Budget Finance Plan, Inc. of California—Earnings—
and
month
past
613,000
-v
48,696
Deficit.
NOTE—The
and substantial stockholder, of
succeeding Miss Mary E. Dillon,
for more than 45 years and had
page
Seibert,
2.267
per
cents
share
dividends
of
on
15
per
share
the
class
cents
6)
Editor
and
Publisher;
week
[every Thursday
(general news and
advertising issue) with a statistical issue on Monday].
Other
London, E. C., England, c/o Edwards & Smith.
Copyright-1949 by William B. Dana Company.
Reentered
at the post office at New York, N. Y.. under the Act of .March 3,
1879.
Subscriptions in United States, U. S. Possessions, Territories and Members of PanDominion of Canada,' $38.00 per year.
Other Countries, $42.00 per year.
*
'
'
St., Chicago 3,
February 25. 1942,
the
D.
o
7,695
48,876
11,977
debs.
President—Direc¬
Calendar Years—
60,329
_
A
&
the
Gross
:"i
The
William
series
York
Coal
ownership,
104,952,696
$1,971,483 $22,498 ,020 $22,952,081
$108,107
charges
on
$10,500,920
Director
a
Superintendent
Vice-President
Utah,
Atlas Corp.—Annual Report—Reveals Change in In¬
vestments—Floyd B. Odium, President, on March 8, said
in part:
'
2678.
p.
106,974 435
1,538,092
183,599
235,749
to
plant
is
George
Coney
The
1948— 12 Mcs.—1947
$56,698
income
M.
elected
Co.)
"486.
Gross
cash
1949—2 Mos:—1948
Co.—New
President,
of
was
Newman,
Tesauro
ant
1948—Month—1947
168,
$5,218,079 $11,302,871
Company
March
reelected
and
Cooe.v
Coach
substantial
the company.
to
Directors
.
the
for
supervise
plant
Directors
Samuel
Jr.,
the
Consolidated
New
Smith
Gas
elected
with
Weber
time
Walter
of
Oct. 31,
thereof,-ap¬
on
Baltimore Transit Co.—Earnings—
Baltimore
during
obtain
may
of
1949—Month—1943
Directors
of
B.
the
will
assets.
of
inception
became effective
which
levels
investment
during the summer.—V.
$5,263,522
stockholders
present
the
$1,591,093
90,000
with
$61,735,004
management's valuation
or
to
consolidation
through
company
the
Inc.—February Sales Slightly Higher—
was
President
Net
Earnings
marketed
Jeffords,
been
Board
the
the
Total
—V.
be
Borough
facturing and
18,238,061
$64,939,831
M.
had
Karl
10,045,295
_*
appreciation
what
over
and
year
Enlarged-
consultant to
21,327,841
19,066,070
$5)
surplus
surplus
tNet
$1,844,703
requirements-
will
company
of
20,914,174
(par
Capital
Earned
413,071
$1,823,349
dividend
uncertainty
the
:
waiter
500,000
payable and accrued expenses
for
usually
stock. The
common
p. 203.
169,
who
349,205
$1,431,632
$1,465,018
stock
which
torate
$10,000,000
500,OCO
1,051,816
deductions
Preferred
$61,735,004
336,954
Rev.
Income
4,528,267
$64,939,831
Provision
11,551,500
(net).
income
Gross
7,124,795
$14,034,948
$1,554,208
Clyde.
at
been
—
the 'dividend
on
the
on
company's manufacturing operat'ons in a single
Ohio, and the introduct'on of * new-type automatic
Brooklyn
45.248,291
''the
(Including
Other
556,103
.
$591,642
praisals
759,122
376,867
7,032,770
5,089,847
:
year
$4,277,548
Provision for taxes____;
1947
13.379J01
$6,295,126
cos
bank
action
no
each
the
Bond Stores,
—V.
46,145,221
sub.
________
payable
1936,
taxes
of
•Sales
553,689
as
$15,693,031
deductions
income
general
remainder
washer
1947
accrd.
and interest
receiv.
majority-owned
took
17
time
paying 37'/2
to
V
31
holdings
in
Accounts
Investment
1948
respect
this
been
concentrate
plant
LIABILITIES—
.
Note
Co.—Earnings—
revenues
Operating
DEC.
■
898.
Twelve Months Ended Dec. 31—
Federal
SHEET,
Total
Mr.
to
$34.14
1945, with
1948
NOTE—Costs
Atlanta
$36.03
$1,779,467 in
to
strength
the
Operating
and
1946
business,
the
the
Vice-President.
August,
2,381,696
$20.01
$27.18
in
Total
department and advanced through the positions of Assistant Treasurer,
Comptroller,
Treasurer
and
Comptroller,
Vice-President
and
Executive
3,250,656
Other assets
Co.
tax
.
in
$4,804,404
2,166,051
$1,625,930 $22,302,098
3,184,936
March
on
about
had
cents per share at quarterly intervals,
the last of which was disbursed on Jan. 11, 1949.
The board announced that its action was prompted by the decline
value
asset
ASSETS—
;
Invest,
important
Associates
the
______
______
directors
company
se-
-fl__" $4,329,329
Dividends and accts.
company,
company
.
l;081,793
798.
p.
considered
6-3,672.845
400,006
Dr250,577Cr20,599.243
$1,491,262
Bendix Home Appliances, Inc.—Omits Common Divi—
The
Cash
.board of the First Bank & Trust Co., South Bend.
Mr. Gaunitz, an authority in the consumer credit field,
joined Assoi ciates
Investment Co. in 1935 after having been in charge of the com¬
pany's audits :or several years as a supervisor ior the accounting firm
.
and
BALANCE
;
company
Vice-chairman of the
and
$1,531,559
169.
Period End. Feb. 28—
Investment
Associate
pointed out that he would lend
management after his close association
'
•
Oare
Morris
$1,702,856
*
tIncludes $11,077,048
Mr. Morris said., For the past ten years, except for three years' service
in the :navy, he has practiced law as a partner in the South
Bend, Ind.
.
$1,376,507
Net
1,043,431
$1,605,719
1,179,321
opera ting income.
after charges
—V.
majority-owned subsidiaries and $315,569 (in 1946) proceeds from sales
of securities previously written off.
President, Etc.—
new
23,000
(per share)
expected
are
income
Portfolio
to
789,972
75,000
on
stock
Com.
12.
March
on
Oare
972,979
122,000
on
curity profits
Gross
purposes.
profit
securities
of
Net
directors, and W. F. Gaunitz, formery Executive Vice-President, has
been elected to the Presidency of the company, E. M. Morris, Chairman,
Mr.
1,074,253
Dividends paid
reimburse
to
Oare, company legal consultant and director, has been
the newly created office of Vice-Chairman of the board of
announced
1,203,872
78,500
1,159,318
Net
$2,344,531
$1,382,961
realized
L.
to
$2,750,835
basis of average cost- CV2,946,368
Prov. for contingencies-
Mitchum, Tully & Co. are named as the underwriters.
The public
offering price and underwriting terms are to be filed by amendment.
Net proceeds of the offering will be used
by the company in part
>
$3,072,760
tax___:
income
sale
•
•
$2,665,333
income
Net
The company filed a registration statement with the SEC March
10,
proposing the public offering of 100,000 shares of cumulative preferred
stock ($20 par), 5% 1947 series.
I
Paine, Webber, Jackson & Curtis, Stone & Webster Securities and
■
income
Expenses
2794.
p.
Associated Telephone Co.j Ltd.—Registers With SEC—
V
•Operating taxes
1,467
I
per
Volume
169
Number 4787
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
'TTiMriTVirr mmk
ADVERTISEMENT
UNITED
STATES
STEEL
A Review of the Year by the Chairman
■..,
The
1948
year
brought no
wide
heavy demand for steel products.
U. S. Steel
contributed its full share toward meeting these pent-up
steel
of
needs
lished
the
country, and during the year estab¬
peacetime records for the production of
new
depreciation is not presently deductible
'
for Federal income tax purposes.
•: •
*
Working Capital and Debt—Working capital of UnitedJ
States Steel Corporation and subsidiaries at December '
•
in'the nation¬
abatement
ingots and for the shipment of steel products,
r U.
S. Steel produced in 1948 a total of 29.3 million
tons of steel ingots and castings, such production aver-;
aging 93.8 per cent of its rated capacity. Strikes in coal
operations, shortages of essential materials, and necessity:
for repairs
chiefly prevented the attainment of fun¬
31, 1948,
$469.5 million, compared with $548.6 mil-v
31; 1947. Funds segregated for prop-'
e'rty additions and war costs, not included in working
capital, totaled $176.0 million at December 31, 1948.
I Long-term debt of U. S. Steel at December
31, 1948,
was $71.7
million excluding $5.7 million of bonds cov¬
lion-at
was
December
ered
by deposits with trustees—the lowest in U. S. Steel's
history.
' - •
:
1
..
.
Change in Capital—In 1935, following a detailed analy¬
sis of the- Corporation's investment in
properties, $270
million was added, by action of the Board of
capacity operations. During the fourth quarter of 1948, ;
however, steel production averaged 99.4 per cent ofcapacity.
v'
Shipments of steel products by Uv S. Steel in 1948
amounted to 20.7 million tons, which exceeded its pre¬
vious peacetime
record
by more than four hundred
thousand tons.
U. S. Steel's shipments to foreign coun-t
reserved
tries
set up
under
government
per cent of its total
export
licenses
equaled
five
1948 shipments.
heavy utilization of raw materials,
grueling operation of facilities to maintain high produc¬
tion, and mounting operating costs.
Dividends—For
year U. S. Steel, in
depreciation
these
of
to
reserves
properties.
economic
cover
This
amount
obso¬
had
prior to 1927, principally from earned surplus,
management's estimate of the amount of. income
which had been; reinvested in machinery, plants and
mines.
this
When
additional
depreciation
reserve
in 1935, the steel making subsidiaries had
the
_
was
oper¬
of
capacity and property prices
than
in
the
preceding
depreciation
reserves
decade.
for
was
substantially lower
were
This addition
the purpose of
the
to
stating
then
on
existing economic conditions.
second
1948, established
consecutive
has
been 'so
altered
The economic situation
World War II and what has
by
followed that this reserve, in the opinion of the Board of
greater than in 1947, income for 1948 was only $2.5
million more than for the preceding
year.
The income
for 1948 was equivalent to a profit of 5.2 per cent of
which has
sales, compared with
depreciation reserves, effective as of December 31, 1948. '
Since this amount of $270 million when
originally set
aside prior to 1927 represented a reinvestment of income
the
was
smallest
for
a
new
profit of 6.0
a
Income in 1948
per cent of sales
the basis of return on sales1
on
of comparable rate of
operations in U. S. Steel's entire peacetime history.
Frior to 1948, U. S. Steel included vacation costs in
its accounts in the year in which
they were paid. Due
to changes in certain labor
agreements, together with
recent legal interpretations, these vacation payments are
considered to have accrued during the period in which
any
year
employes qualify for a vacation.
Therefore, the major
part of the estimated vacation payments to be made
in 1949
accrued in
1948, with the result that income
for the year 1948 reflects the cost of vacation
payments
actually made in that year as well as those to be made
was
in 1949.
Income for the year 1948 was reduced approxi¬
mately $19.9 million as a result of this accrual,
•t Dividends for the
year 1948 totaled $7.00 per share on
the
cumulative preferred stock and $6.00 per share on
stock (including a special dividend of $1.00
the
common
share declared
per
January
25, 1949)—aggregating
$77.4 million!
After dividends, there remained for rqr
investment in the business $52.2 million.
This amount,
together with
total
$146.0 million,
on
Directors, is
no longer needed for the purposes antici¬
pated in 1935.
Therefore the Board of Directors has
authorized that this amount of $270 million, no part of
been treated
ever
income statements
or
and
exhaustion provisions
as
depreciation cost in
a
a
deduction for income-
.
in
a
properties, the Board of Directors has resolved that
sufficient part
represented
common
to
$100
stock
per
thereof be added to the stated capital
the now
outstanding non-par value
by
to
increase such stated capital from $75
share, effective
as
of
December
31,
1948,
thus restoring the capital of the common stock to what
it was in April 1938.: Of the total resulting increase
of
$217,581,300 in capital, $38,432,801 has been .trans¬
from existing capital surplus, thus eliminating
the balance in this account, and the
remaining $179,118,499 has been transferred from earned surplus.
On January 25, 1949, the Board of Directors recom¬
mended a three for one split in the common
s^ock of
the Corporation, the amendment of the certificate of
incorporation of the Corporation to effect this split to
be voted upon at the annual meeting of stockholdersof the Corporation to be held on May
2, 1949.
It is
hoped that a wider distribution of the common stock will
result from this split.
.7/ 77 7
7/ .V 7.
ferred
•
.
of
Steel Prices
$77.0 million short of the 1948 ex-.,
penditures for additions to and replacements of facili¬
ties'
as
allowed
tax purposes, be transferred back to earned surplus from
was
wear
;
Changes in Year—Price reductions, ranging from $1 to
■>/-///
' ■ •/•:'
'. • v:./
»Wear and Exhaustion—In its accounts for 1947, tL S.
Steel reflected in the total wear and exhaustion for the
$5 a ton,- on a. wide variety of steel products, were made
effective May 1, 1948, by the steel producing subsidiaries.
amount of $26.3 million in addition to the normal,
depreciation based on original cost of its facilities. This
added amount, which represented 30 per cent of the
applicable mainly to steel products closely related to
the cost of living was made on April 22, 1948, simul¬
taneously with the refusal by U. S. Steel of the demand
.,
-
year an
normal
depreciation,"
determined
was
partly
through
experienced cost increases and partly through study of
construction cost index numbers.
Although it was ma-,
terially
less than the experienced cost increase in
replacing worn-out facilities, it was a step toward stating
total
exhaustion in
and
wear
an
which
amount
would
in current dollars
of diminished buying power
purchasing power as the original expenditure.
) This principle was continued during the first three
quarters of 1948.
In view of the continued increase in
the cost of goods and facilities during 1948, the addi¬
recover
the
same
tional
charge for
wear
exhaustion
and
advanced,
per cent of the
the
release
of the. accounts
for
the
third
quarter
of
1948, it was stated that, in view of the position taken
by the American Institute of Accountants and the dis-.
cussions between the Corporation and the Securities and
Exchange
in
an
Commission, further study
wear
for
in
made
and exhaustion cost.
1947
and continued ih
wear
and
current dollars
it
being
satisfactory to the.
determining and reflecting additional
1948 is
a
distinguished
proper
recording of
in terms of
from the dollars which
originally expended for those facilities.
However, in
disagreement existing among accountants,
both public and private, and the stated position of the
view
the
of
Institute of Accountants, which is supported
by the Securities and Exchange Commission, that the
only accepted accounting principle for determining de¬
preciation is that which is related to the actual number
American
of dollars spent for
the
United
facilities, regardless of when
of
method of
or
there
would
be
reductions
Steelworkers
of America (CIO) for a
increase."
U. S. Steel was hopeful
that its action in denying a wage increase and in reduc¬
ing steel prices would have a beneficial effect through¬
out the nation toward bringing about greater economic
stability. This endeavor to aid in effecting stabilization
"substantial
or
wage
reduction in the cost of
living was unsuccessful, be¬
industry after industry subsequently granted wage
cause
increases and prices generally continued to advance.
a
consequence
Steel effective
a
wage
increase
was
granted
by
As
U.
S.
July 16, 1948.
this wage increase that
its steel producing subsidiaries
obliged to advance their prices for various
steel products due to the fact that steel prices had not
kept pace* with rising costs.
Price increases, effective
would
be
July 21, 1948,
were
subsidiaries.
It
had
announced a few days later by these
then pointed out that U. S. Steel
was
as
increases in
em¬
coal, scrap and other purchases.
These
new
steel prices embraced
a
restoration of the
price reduction of about $1.25 a ton announced
April 1948, and in addition included an average in¬
average
in
crease
of approximately $8.09 a ton, or about 9.6 per
cent, in the prices for major steel products quoted in
April by U. S. Steel subsidiaries.
Steel prices today are
among the least inflated of all
commodity prices.
Adoption of Mill Prices—On July 8, 1948, U. S. Steel
that its steel producing
subsidiaries were
adopting the method of announcing prices for steel
products at the mill or shipping point, or, if the cus¬
•
announced
tomer
shipping point, effective July 13, 1948, thus abandoning
the basing point method of selling steel which long bad
power recovery.
one
based
on
to
cluding
a
in 1947
as
deficiency of $2,675,094 in the amount reported
depreciation added to cover replacement cost.
sion,
and
been
so
in
use
by them and which
to that which had been in
use
was generally similar
in the cement industry.
desist
become
to
members
1,
of the
cement
Cement
July
The Supreme Court sustained the'
order
effective
the
of
Atlas
Company,
1948, Universal
the
nounced
Federal
Trade
Commis--.
July 9, 1948, against 74
industry, including Universal
on
U. S. Steel subsidiary.
Atlas Cement Company
a
abandonment
it
by
the
of
basing
On
an¬
point
basing point method of selling is a non-collusive
merchandising practice which-has naturally evolved in
the steel industry over a period of
many years to the"
advantage
producers
both
of
and
Never-'
consumers.
theless, U. S. Steel had
no recourse other than to comply
determined by the Supreme Court.
States Steel Corporation on October 5, 1948,
with the law
United
as
voluntarily consented to the entry by the United States
Court of Appeals at Philadelphia, Pennsylvania, of a
decree of affirmance of
Trade
Commission
Corporation
and
in
order entered by the Federal
an
1924
certain
against United States Steel
subsidiaries
in
proceeding,
a
instituted in 1921, involving the then use of the so-called
"Pittsburgh-plus" method of selling steel products.
In 1947, as reported in the annual report for that
year,
new proceeding was begun by the Federal Trade Com¬
mission
against approximately 100 companies in the
steel industry, including U. S. Steel,
involving the use
of the so-called multiple basing point method of selling
steel.
The ultimate outcome of this new proceeding
should determine by what methods steel can competi¬
tively be sold.
Because of this pending suit and the
adoption by U. S. Steel subsidiaries of the practice of
•
a
selling steel products
the basis of mill prices, U. S.
Steel
decree
consented
on
the
to
of
affirmance
"Pittsburgh-plus" case believing that the
Appeals should not be called upon to review
nous
record
taken
for the purpose of
academic/
•
in
the
Court
a
of
volumi¬
at
hearings held so many years ago
deciding a question which had become
•
;
■
-
•
The management
of U. S. Steel firmly believes that
right systematically to meet in good faith the deliv¬
ered prices of competitors better located
geographically
the
with respect to certain buyers is essential to the main¬
tenance of competitive industry.
Supply of Steel
-
1
Even
though
than half of the world's supply of
of the American steel industry,
and even though shipments from American steel mills
were the highest in the history of the American steel
industry, many steel products during 1948 were in short
supply-in the United States. Normal demands for steel
steel
flows
more
from mills
had to be subordinated to the exigencies of World War
II.
Termination of the war thus released peak backlog
demands from all sections of the market to focus simul¬
taneously upon suppliers of steel.
Strikes and other
work stoppages in the steel and coal industries
aggra¬
vated, the disparity between production and this pent-up
postwar demand.
'
Ordinarily the peak demand for steel by one industry
is paralleled by less than peak demands by other indus¬
tries.
Since the end of the war, an abnormal situation
has existed
in that the demand for steel has
come
con¬
currently from all industries. In this sense the supply
of steel provided by the entire industry has been insuffi¬
cient to meet this unusual combined demand
just as an
otherwise
adequate fire department would be insuffi¬
cient if every house caught on fire at the same time./
.
•
Increasing Capacity—There
quantities
of
steel
are
can
two ways in which in¬
become available,
if
needed by the economy of the nation, namely, by addi¬
tions to
capacity, and by increased output from existing
facilities.
A public knowledge of the facts about steel
capacity and production is essential in view of the recent
suggestion of the possible entry by the Government into
the steel business, a proposal which conceivably could
develop into a program for the eventual nationalization
the
operation, such
January 1, 1947.
The amount of the accel¬
erated depreciation for the year 1948 is $55,335,444, in¬
purchasing
could-suppress.
cease
increases in costs of
ployment; costs, in transportation charges, and in the
This method is made retro¬
accelerated depreciation on cost instead of
active
sion
of 4he
;
In that case the Supreme Court held'
basing point delivered price method employed
industry was discriminatory and was an'
unfair trade practice which the Federal Trade Commis¬
alternative; that these higher costs could be met
only through increases in steel prices; and that these
price increases were made solely to compensate for
no
desired, at delivered prices which would reflect
full transportation charges from
shipping point to des¬
tination. On July 12, 1948, these subsidiaries announced
prices for steel products of their manufacture at mill or
what buying power, U. S. Steel has adopted a
industry.
in the cement
creased
U. S. Steel stated at the time of the announcement of
principle which it adopted
exhaustifrft of its facilities
as
of
that
announcement
cost of
U. S. Steel believes that the
the
was
effort to agree upon principles
Commission
The
was
effective as of January 1, 1948, to 60
depreciation based upon original cost, because the 30
per cent initially adopted was not sufficient to cover
the true cost of property currently consumed.
In
cement
that the
The
high record
in total dollar sales, receipts from customers
amounting
to $2,481.5 million. Income for the year was $129.6 mil¬
lion. Although sales receipts in 1948 were $358.7 million
in 1947.
change in selling method was made necessary
by the decision of the Supreme Court of the United
States on April 26, 1948, in the proceeding
brought by
the Federal Trade Commission against members of the'
method of marketing cement.
been
as
conservatively the net property values based
Financial Results
and
the
lescence
Report for 1948
'This
ated for five years at an average of less than one third
The year witnessed
Income
Directors,
to
3
ADVERTISEMENT
C OR PORATIO N
Such accelerated
Meeting Peacetime Needs
<
(1219)
ADVERTISEMENT
American
steel
industry along proposed British
lines.
The central fact stands out that the steel
initiative of its
own
industry,
members, has been and is
on
now
moving
as rapidly as possible to carry out, step by step,
rational plans for the expansion and improvement of its
facilities.
This is no suddenly established policy.
In
U. S. Steel's case, for example, such programs have been
under way for many years.
Those who now advocate
the immediate construction of ten million'tons
of
additional
steel
making
or
more
capacity
apparently close
their eyes to what is being done
by various members
of the steel industry, and for some unexplained reason
choose to ignore the realities of the situation.
The steel industry comprises many separate, independ¬
ent, highly competitive companies.
decide for itself what it will do
Each company must
about
expanding or
modernizing its facilities. But, the members of the steel
-industry cannot truthfully be accused of doing nothing
when due consideration is given to the
outstanding fact
that the various separate programs for expansion and
modernization of steel facilities adopted since V-J
Day
call for a total expendituure of more than two billion
dollars.
The American steel
industry had 96.1 million
tons of
ingot capacity at January 1,
1949—an increase
4
COMMERCIAL
THE
(1220)
&
FINANCIAL
CHRONICLE
Monday, March 21, 1949
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
UNITED STATES STEEL CORPORATION (Annual Report Continued)
of 14.5 million
tons,
or
Following
about 18 per cent, since January
extended
1940. ..Nearly five million tons of ingot capacity has
been added by the industry in the brief period since
1947.
Plants which will add another two million tons
1,
facilities.
for completion by various
the year 1949.
Any government plan for adding many millions of
tons of new ingot capacity, as has been suggested, could
not be carried out in time to be a factor in satisfying
cost
steel mills of great size at this
time is bound to consume large amounts of steel of the
kinds
now
in short supply.
Such new mills, in all proba¬
bility, cannot be constructed and placed in operation in
less than two or three years.
By that time it is expected
that much of the present unbalance between steel de¬
its
balance
raw
upon
an
replacements of
material, steel producing and fin¬
'
Former annual reports
posed purchase of the
*
contained accounts of the
pro¬
fabricating assets and business of
Consolidated Steel Corporation and of the
suit instituted
by the Department of Justice to enjoin this acquisition
the ground that it would result in a substantial sup-»
pression of competition in violation of the Sherman
materials. Failure to provide the
supplies of .raw materials for the opera¬
raw
the production of steel through the
embarked
to and
program.
supply of skilled labor to operate these large new plants.
during 1948, some members of the steel indus¬
try were unable to operate their steel plants at full
capacity, one of the principal reasons being the scarcity
a
Steel
way
At times
necessary new
tion'of new facilities would result in
S.
ishing, fabricating and distributing facilities in such a
as to satisfy, so far as possible, the demands of its
customers for steel products of every sort is a principal
objective in U. S. Steel's construction and modernization
supply will have been adjusted.
If the pro¬
posed mills are to be of sufficient size to meet the
projections of certain critics, a serious problem must be
met in the way of adequate raw materials and a sufficient
satisfactory
U.
additions
of
To
mand and
of>
of
completing projects under way is $128.0 million
more
than the amount originally estimated by U. S.
Steel's engineers as the total cost of these projects.
By
December 31, 1948, U. S. Steel had expended for facili¬
ties under this program $695.9 million, of which $275.2
million was spent in 1948—the largest sum it ever ex¬
pended for facilities in a single year.
At the end of
the year, there remained $242.0 million to be spent on
projects yet to be completed.
the current abnormal demand.
new
war,
on
failure to increase
Anti-Trust Act.
addition of Capacity.
of
the
On June
7, 1948,i the Supreme-Court
United States, by a divided court, Upheld the
Construction and equipment costs are about
order of the United
for these proposed large
Delaware, dismissing the complaint of the Department
Of Justice;' Following the disposition Of the matter by
the Supreme Court, U. S. Steel announced on August 31,
1948, the purchase of certain of the. assets of Consoli¬
double what
they were a few years ago.
Higher prices for steel
products would appear to be inevitable in order to pro¬
vide an adequate return on the huge investment needed
mills.
Increasing Production—The members of the steel in¬
fully aware that the availability of sufficient
steel scrap, improvements in the quality of. coking coal
and other raw materials, and advances in operating
technology can each help in increasing steel output
dustry
from
,
existing facilities.
Failure continuously to maintain steel making opera¬
to one hundred per cent of rated capacity
tions close
often has
been caused by a shortage of suitable steel
Major reasons for this situation include the ex¬
porting of large quantities of scrap during the 1930's,
aiid the loss of the steel scrap involved in non-recover¬
able war products and through the record wartime steel
shipments abroad.
scrap.
yarious members of the steel industry, including U. S.
Steel, have recently built, or now have in course of con¬
struction, plants of the most improved design for the
washing and cleaning of coal. The bringing into opera¬
tion
such
of
plants will permit greater output from
facilities through the use of coking coal of
existing
quality.
better
Advances
in
mill
operation technology are, by their
nature, unpredictable in effect. Technological advances
being utilized
are
as economically practicable.
melting time in the furnace,
for example, is one of
many technological developments
now
being tried out by some members of the steel
industry in an effort to increase the flow of steel from
existing facilities.
Shipments by the entire steel industry of 66.0 million
tons of finished steel products during 1948 established a
new high record for any year.
The steel industry should
be judged by its actual performance.
That performance,
in all fairness, entitles the members of the steel industry
to high credit for a job well done.
The management and the employes of the steel pro-.i
ducing operations of U. S. Steel are pledged by the
stated objective of the applicable labor agreements "to
achieve uninterrupted operations in the plants, and to
achieve the highest level of employe performance con¬
sistent with safety, good
health, and sustained effort."
The
use
Joint
rapidly
as
of oxygen to speed
labor
undertaken
management studies of this subject
in 1947 and are now in progress.
were
1948
established
a
its
own
proper¬
About three million tons of this total represented
ore concentrates
derived from low grade ores by
iron
methods
developed
name.
by U. S. Steel.
On April 20, 1948, the United States Navy accepted
an offer of sale by the Federal
Shipbuilding and Dry
Dock Company of its shipbuilding yard at Kearny, New
Jersey.
The sale price was $2,375,000 and resulted in
no
gain or loss for U. S. Steel. The yard was trans¬
ferred to the United States Navy on December 31, 1948.
By the purchasp the Navy Js in a position to preserve
this important shipyard as a unit to help meet any
future needs'of the nation.
need for the development of additional
sources
of iron
is shown by the fact that during the six years 1940-
1945 defense and war needs resulted
of iron ore from
in the extraction
deposits in Minnesota equal to
the
total
dirdct-shipping iron
ore
since these deposits were discovered almost
years
ago.
*
*
v
•
mined
one
onethere
hundred
.
Facilities
U. S. Steel's rated annual capacity at January 1,
1949,
for the production of steel ingots and
castings was 31.3
million
ingot
tons—representing 32.5
capacity of the nation.
per
cent of the total steel
U.
S.
Steel's
capacity
is 2.5 million tons, or 8.6 per
cent, greater than it was
at the end of 1945 following the elimination of certain
obsolete and marginal facilities which had been con¬
tinued in operation during the war.
During ^the year 1949 about 600,000 tons of additional
ingot capacity should become available with the com¬
pletion of steel producing facilities now under construc¬
'
tion
pany
at
the Lorain,
Ohio, plant of National Tube Com¬
and at the Duluth, Minnesota, works of American
Wire Company.
Steel and
chiefly to
the coal
substantially the entire
subsequent strike con-"
a
mines
owned
operated
or
by
various steel companies caused serious
interruptions in
the year 1948 in the production of coal and a
consequent
curtailment of steel operations,
resulting in a loss of
pro¬
duction
to
U.
S.
Steel
approximating four million
tons
of coal and six
hundred thousand tons of steel.
first coal strike started March 15,
The
production
not resumed
was
until
1948, and full
April 22, 1948.
The
strike began over the inability of the Board of
Trustees
of the United Mine Workers of America Welfare and'
Retirement Fund to agree upon the pensions to be
paid
from the Fund established by the contract between
rep-
resentatives of the bituminous coal
industry and the
United Mine Workers of America.
On March 23, 1948,
the President of the United States invoked the
proce¬
dures of the Labor Management Relations Act and sub¬
sequently
injunction
issued ordering the strike to
terminate. A new trustee joined with the miners' trustee
and adopted a basis for
paying pensions.
an
was
Following the institution
of contempt
proceedings in
levied, full production
Bargaining conferences for a new agree¬
ment began May 18, 1948, and, when no
agreement was
reached, the President of the United States created a
.
which substantial fines
were
later
resumed.
was
Board
of
Inquiry to investigate the issues. Subsequent
determining the validity of the settlement
Of the pension plan dispute paved the way for the nego¬
tiation by commercial operators of a new labor
agree¬
ment to be effective at the expiration of the then exist¬
ing agreement on June 30, 1948. Ultimately an agreement
court decision
the
United
Mine
Workers of
America
commercial
signed
on
operators was reached and
June 25, 1948.
a
and
the
contract
new
This contract, effective July 1/ 1948, provided for a
one-dollar-a-day wage increase and a doubling—from
ten to twenty cents a ton—of the royalty payments to
the Welfare and Retirement Fund. The contract also con¬
tinued various provisions of the prior contract, including
the union shop provision, although the Union had not
the
The labor
agreements of April 22, 1947, between the
producing subsidiaries and the United Steelworkers
(CIO) were, by their terms, to continue in
effect until April 30, 1949. Either the subsidiaries or the
Union had the right on April 1, 1948, to request negotia¬
tions on a general and uniform change in rates of pay.
The Union exercised this right and requested "a substan¬
tial wage increase."
During the negotiations which followed, the Union also
requested that an employer-findhced plan of life, acci¬
dent, health, medical and hospital insurance benefits be
As stated in the annual report for 1947,
these subsidiaries in April of that year agreed to con¬
duct a joint study with the Union covering the field of
insurance with a provision that when an agreement was
reached on the elements of an insurance plan together
made effective.
with
methods
for
its
financing and administration, it
should be put into effect. The study, however, required
considerable time and was not concluded by the stipu¬
lated date of November 1, 1947.
The study having been
concluded by April 5, 1948, when the new wage nego¬
tiations commenced, representatives of these subsidiaries
agreed to consider the subject of insurance as well as
the request of the Union for a wage increase at that
time.
Negotiations with the Union did not result in
agreement on either the Union's insurance proposal or
the
these
negotiations during April 1948, representatives
subsidiaries
advanced
National
the
view
that
the
wage
by the Union would not in the long
bring benefit to anyone; that it would lead to similar
wage increases in other industries, and to higher prices
generally.
On April 22, 1948, U. S. Steel announced
its
unwillingness to grant the wage increase asked by
When
the
Union's
demand
for
a
wage
increase was
if, despite
in an en¬
stabilization, costs should con¬
tinue to advance, U. S. Steel would in fairness to
employees and stockholders consider at some later date
the adequacy of both wages and steel prices under the
conditions which might then exist. Thereafter it became
clear that the endeavor to aid in effecting stabilization
had not been successful. Accordingly, after negotiations
with the Union had voluntarily been resumed by U. S.
Steel, a wage increase of approximately nine per cent
was agreed to and announced, effective July 16, 1948.
In consideration of this wage concession, the Union
accepted a supplemental agreement which continues the
terms of the April 22, 1947, agreement from the expi¬
ration date of that agreement, April 30, 1949, until May
1, 1950, with the understanding that sixty days prior
to July 16, 1949, either 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. The 1949 reopening pro¬
provides that, failing mutual agreement on such
issues as may be presented, the Union may resort to
strike in support of its contentions if no agreement is
reached by July 16, 1949.
If the issues raised are settled,
all of the terms of the agreement shall be reinstated,
together with the addition of such new provisions as
vision
Board
against the Union.
with court
approval, a contract was signed on July 13,
1948, by the representatives of coal mining companies
operated by the members of the steel industry and the
United Mine Workers of America which contained the
provisions agreed to by the commercial operators, but
v^ith a stipulation making the
union shop provision
subject, to final court determination.
Production resumed after the
signing of the
new con¬
tract and continued throughout the year with intermit¬
tent work stoppages resulting in a further loss of pro¬
duction to U.
S.
Steel
of
nearly half
a
million tons, of
The contract remains in effect until June
coal.
30,
194&*
with the right of either party to terminate the agreement
at an earlier date by giving the required notice.
The
issue of the legality of the union
shop provision awaits
a
final judicial decision on unfair labor practice charges
filed by the steel companies. On January 19, 1949, the
trial examiner for the
ruled
National
that the United Mine
Labor
Workers
Relations Board
of America union
shop provision in the 1948 captive coal mine contract is
illegal under the Labor Management Relations Act.
1948
United
the
Mine
to
U.
S.
Workers
of
America
cost
ment Fund was about $4
Steel
for
payments to the
Welfare
and
Retire¬
million.
Employment and Employe Earnings
run
the Union, but stated that it would reduce prices effec¬
tive May 1, 1948, on a wide variety of its steel products.
Labor Relations
Thereafter operations of the mines were interrupted by a
work stoppage continuing for more than a week until,
In
the subsidiaries' counter-proposal.
deavor toward economic
the
continuity in the future of an
adequate supply of high quality raw materials.
The
of
fined
affecting
industry and
coal
of America
endeavor to
fifth
bituminous
strike
steel
refused in April 1948, it was made clear that
U. S. Steel's action in reducing steel prices
ore
general
complied with the requirements of the Labor Manage¬
ment Relations Act necessary for the inclusion of such a
provision. For this reason the various steel companies
operating coal mines refused to execute this contract and,
on July 2, 1948, filed unfair labor practice
charges with
Labor Management Relations
Reserves of coal,
iron ore, and limestone have proved
adequate thus far
to supply the raw materials essential to U. S. Steel's
unprecedented production of steel in recent years. Longrange development programs are now under way in an
assure
Coal Miners' Contract
A
increase requested
peactime record
new
of 48.9 million tons of ores mined from
ties.
same
upon with respect to wages and insur¬
and shall remain in effect until May 1, 1950.
ance,
between
.
of
U. S. Steel in
Corporation, formerly Consolidated
Corporation, by a new U. S. Steel subsidiary of
Steel
the
In
Raw Materials
States District Court at Wilmington,
dated Western Steel
are
be agreed
may
This program
has been pushed aggressively
during the entire postwar period despite constantly in¬
creasing costs of construction.
The current estimated
of steel capacity are scheduled
steel companies by the end of
Building further
the
program
Jobs
were
provided to
an
average
of 296,785
men
and
by U. S. Steel in 1948—the highest number of
employes for any peacetime year.
More than 16,300
women were employed in offices, manufacturing, inspec¬
tion and research. U. S. Steel is proud of the fact that
women
about one-half of all its employes
have been
on
the
pay¬
roll for ten years or more.
The total
payroll in 1948, including accruals for 194SF
amounted to $1,029.3 million and the manhours worked totaled 593.0 million. Average hourly aft&
vacations,
weekly earnings of all employes of U. S. Steel in 1948
$1.68 and $64.21 respectively.
Both of these meas¬
were
of employe
were the highest of any year
Weekly hours of work for all
employes averaged 38.2 in 1948, reflecting the decrease
in work schedules during and immediately following
the prolonged cessation of coal mining.
ures
in U.
earnings
S. Steel's history.
Deductions of about $4
million, under-contract check¬
off
provisions, were made from the wages of union,
employes in 1948 for union dues, fees and assessments,
and transferred to authorized union officers.
Pensions and Qroup Insurance
Under
the
U.
S.
Steel
Pension
Plan, pensions
were
granted in 1948 to 1,371 retiring employes. At the end
of the year there were 15,422 pensions in force.
Sums
provided by the employing companies in 1948 and 1947
under the U. S. Steel Pension Plan were;
Provided
by Companies Uhder—
.
1948
7
Contributory Part bf Plafi._i.~$ 4,291,150
Non-Contributory
Part of
Plan,
—
1947
S 3,227,831
.5,900,098
7,174,442.
$10,191,848
$10,402,273'
Volume
16,9
Number 4787
THE -COMMERCIAL
ADVERTISEMENT
&
FINANCIAL
CHRONICLE
(1221)
ADVERTISEMENT
r.r
5
ADVERTISEMENT
•V
UNITED STATES STEEL CORPORATION
u
of
Beneficiaries of 1,603 employes received death benefits
more than $6 million
in 1948 under the Employes'
Group
Life
Insurance
Plan.
At
the
end
the
of
1?
(Annual Report Concluded)
v,,
''V v'T"
not possible and loss and unemployment are inevitable.
than that, mere survival of an enterprise com¬
•
is
■!
vl
,
:h
,
Dec. 31,1948
-
petitively requires the purchase of
year
about 234,000 employes were insured under this plan for
approximately $912 million.
ever
Preferred
modern
more
value
tools of production.
Facilities Program
S.
Steel
gram, $135 million came from
U.
S.
Steel's
ability to
better
in
its
1949
1948
paid out as dividends. Of the balance, *
million was available from wear and exhaustion
of this period and $214 million from wear and exhaustion
during the war years. Approximately a quarter of a
billion dollars
steel
for
production
performance will depend upon the avail¬
ability of> suitable raw materials, uninterrupted work
schedules, and the completion of plants now under con¬
struction
being modernized. U. S. Steel—"The Indus¬
Family That Serves The Nation"—again pledges
trial
or
itself to do its utmost to contribute to
the advancement
of national progress.
■
♦After
of
is required to complete this program
to- and replacements of facilities.
These
more
additions
customers.
Those
additional investments
deserving of earning and
an appropriate income.
of
for
in
terms
the
of
fruits
of
and
better
real wage.
This
the records of U. S. Steel.
The cost inflation that began in the middle 1930's was
than
Employment costs and products and services bought
from others constitute the two major costs incurred by
U. S. Steel in its operations. In 1948 these costs were
respectively 44 and 43 per cent of all costs—together
87 per cent. Of the remaining 13 per cent, 7. per cent
-
represented taxes and 6 per cent represented wear and
exhaustion of facilities—interest was one-tenth of one
cent.
per
goods
labor—that
fact
is
well
to be
in
is,
less
which
not
credits
is
produce,
by
S.
in
the
amount
of
$1.70
and services
for each $1.75 of
employment cost. Tax costs per employe hour amounted
to $.27.
Wear and exhaustion cost per employe hour
amounted to $.25.
Total costs per employe hour were
$3.97 in 1948.' After taking care of these costs and after
paying the fixed cumulative dividend to the preferred
stockholders, and with such reinvestment of earnings
as
was
insure
deemed
the
and
promote
business, the dividends to
common
the
progress
of
i
the
stockholders for the
U. S. Steel's income
with
loss
or
characteristically fluctuates
losses.
adequate
interest,
in
selecting past periods for such comparison, pe¬
riods of similar operating rates should be selected. The
principle that only like situations are comparable is
equally abused by comparing dollars in one period with
dollars of widely different purchasing power in other
periods. One way of minimizing this error is to express
the income or loss as a percentage of the sales dollar.
U. S. Steel's income in
1948 was at the
rate of 5.2 per cent of sales.
operating rate
was
rate
90
was
over
93.8
per
per
For the
cent.
cent in past
same
relatively low
year its ingot
When
the
tion
other
1949.
-
an
For the
rate.
operating rate of 93.8
than
decreasing
4he
cent
the light of the historical record,
U. S. Steel exists because of the prospect stockholders
of their company earning a profit and themselves
receiving dividends. Profit and its prospect is the prime
incentive that people have for risking their savings in
providing tools of production for others to use.
Profit
over
or
from
losses
tude
nre
one
loss
or
sales
are
is
the
after
relatively small
all
neither good
costs
nor
have
difference
been
met.
bad in nature
or
left
Profits
magni¬
the transactions from which they result
themselves equitably entered into and fulfilled. But
thing is certain: unless costs are kept under what
so
long
customers
which
as
willing to pay in the light of prices at
competing producers are willing to sell, profit
are
subsidiary companies
assets
against
the
of
losses
fire,
of
War.
of
this
is
reserve
character,
OP
considered
is
other
income
and
of
serv'ces
sold
$8,365,733
in
and
Services
Sold__
and
j Wages
Costs
and
Social
,
is
for
__
_
The
Products
and
and
War Costs
in
Interest
Facilities.—
Provided
Other
Costs
Debt
20,663,936
10,402,279
Local
and
Miscellaneous
o:i
Taxes__
cent
the
made
are
stock
common
$5.25
($6
share
per
in
per
49,887,902
Steel's
cent
ratably
at
is
70
Includes
as..deprer
1947
total
cost
of
the
postwar
of
the
use-
of
excess
peacetime average
accelerated amount fs
year
which the
in
operating
cent
miy
operations.
normal
The
deprec'ation
their
over
expendi¬
that
drop, no
except
year,
rate
lower
or
the
to
depreciation
the
to
succeeding
the
per
related
long-term
the
in
in
as
cost
when the economic
is
annual
addition
in
the
the
The
facilities
per
made
but
S.
expected
on
lives
facilities.
Capital in
Excess of
Stated
At
91,000,000
1,995,688,095
127,098,148
25,219,677
45,692,073
$56,186,398
Dec.
Stated
Capital
45,197,381
$52,188,656
share
Amount
Iwome
•
Reinvested
Total
;;
1947- $652,743,900 *$38,462,801 $459,383,536 $1 ,150,590, 237
31,
Transfer from
de¬
re¬
serves
270,000,000
in
270,000,000
stated
capital from $75
STATEMENT
OF
in
At
POSITION
less estimated bad
debts—
1948
Dec.
303,011,034
195,991,522
289,236,644
of
the
964,993,485
974,361,251
Stockholders
United
States
examined
I
Less
and
the
Steel
Liabilities
Accounts
Accrued
the
consolidated
standards
one
year
Miscellaneous
17,183,985
5,811,751
5,723,681
Aside,
at
,
the
During
*21,645,480
of
to
Future
Intangibles
Assets Less
Current
1,300,816,762
*914,186,342
41,944,280
39,604,436
14,994,321
1
2,030,116,022
_____
26,000,000
1
Periods
held
of
with
included
such
*1,720,078,678
policy
(as
in
accelerated
more
added
the
which we
facilities
new
the
depreciation
stated
policy,
a
of
$2,675,094
or
as
71,554,196
25,420,807
accounting
the
considered necessary
we
to
notes
approve,
depreciation
than
cover
the
to
to
for
amount
the
accounts)
the
of accelerated depre¬
retroactive
replacement
January
the
194? is
the
amount
year
reported
for
The
cost.
1947.
1,
thereto,
and
during
the
year
on
a
basis
consistent
year.
related
present
its
year's
applied
preceding
with
*
:J
opinion, the accompanying consol dated statement of financial
position
and
were
the
our
statement
fairly
subsidiaries
operations
the
at
in
of
position
December
conformity
income,
of
31,
with
together
States
United
and
1948,
generally
the notes
Steel Corporation
with
the
of the
accounting
results
accepted
principles.
New
York, February 23,
WATERHOUSE & CO.
1949.
77,229,313
20,562,262
year
1948.
Our
accepted auditing
of
tests
procedures
1948,
31,
provided for accelerated depreciation in 1948 includes
adjustment of $2,675,094.
In all other respects the accounting
In
y
cost
generally
have
United
we
of
<
1948
year
the
for
1948,
3,
position
December
at
as
income
accordance
May
on
financial
of
subsidiaries
auditing
REPORT
Corporation:
PRICE,
Liabilities
Deduct
Debt
treasury stock
$55,335,444
this
155,000,000
21,000,000
20,438,971
less depreciation
Operating Parts and Supplies—_______
Applicable
this
as
that of
Plant and equipment,
in
other
adopted
the
principles
Set
155,000,000
the
on
$28,975,094
year
cost
property additions and replacements
For expenditures
arising out of war
Long-Term
Under
416,345,387
estimated
Securities
such
Corporation
548,648,098
21,410,571
less
Government
$1,472,778,893
shares of
the annual meeting of stockholders
circumstances.
4(59,505,43?
Investments,
and
accordingly
and
in
504,855,814
;
:
States
and
records
181,231,868
Steel
statement
statement
212,205,853
ciation
Total
AUDITORS'
States
Corporation
made
was
25,887,237
payable
Long-term debt due within
Capital
Steel
207,479,992
*
52,188,656
$602,453,693
United
consolidated
265,676,834
payable
taxes
Dividends
cf
Corporation
examination
Current
$870,325,200
As independent auditors elected at
148,785,736
339.175,195
,
1948_
31,
INDEPENDENT
To
States
Total
52,188,656
_____
$223,960,071
213,842,725
_i___
179,118,499
Dec. 31, 1947
$225,351,809
Inventories
38,462,801
deducting cost of $111,158 for 2,766
reclassified as miscellaneous investments.
Government securities, at
Receivables,
217,581,300
reinvested
*Before
Dec. 31, 1948
cost
per
________
Income
FINANCIAL
Assets
JJnited States
$100
share
1948,
Cash
Total
1948
deficiency^ of
the
to
lives,
U.
of
10
2,507,729
25,219,677
:
Business
CONSOLIDATED
Costs
,
Evidenced by Common Stock.
The Board of Directors
effective December 31, 1948, certain changes in surplus and
The effects of these changes are as follows:
* ' "
authorized,
stock
1947)
Reinvested
United
,
capital accounts.
to
preferred
share)
per
Working
"
Declared
cumulative
Current
cost
being
applicable
their
thereof
capacity.
depreciation
exceed
Increase
Income
Income
costs
construct
in
in
reported
amount
reduced
facilities
is
of
years
over
of
and
is
amount
not
few
rate
preciation
On
in
to
a
including
$26,300,000
i
109,000,000
Income
Total
Dividends
charged
facilities
of
$55,335,444.
of
The
2,540,618
52,219,512
Taxes
made: in-
be
included
was
Ownership
114,045,483
903,562,764
129,627,845
Federal
of
depreciation
first
of
per
accelerated
841,915,356
2,351,880,690
Estimated
the
cent
of
such
exhaustion
and
amount
greatest.
acceleration
872,496,549
2,394,345
State,
in
is
per
this
4,858,545
was
balance
of Facilities.
A method of accelerated depret
adopted in 1948, and was made retroactive to
Long-Term
on
the
For
Years, less associated Federal
adjustments
!_
tax
and
$1,005,829,124
and
'
Wear
the
accelerated
tures
145,986,681
sold
depreciation
in
70
10
$2,122,786,243
~
-1,035,713,704
1,013,756,603
Bought—..
of
Included Herein
Prior
income
Services
Exhaustion
1947.
1,
operating
will
Wear
amount,
was
rate
19,692,732
'
Exhaustion
current
1,005,829,124
-
taxes
pensions.
and
added to cover replacement cost.
Such accelerated depreciation,
presently deductible for Federal income tax purposes.
■
not
incentive
10,191,848
salaries—
security
Payments
.•••
;
/
accounts.
cost
on
$2,675,094
m
Employment
total
services
accelerated
1947
$2,481,508,535
Costs
'
■
-:o'.
,
includes
1948
.
Wear
ciation
INCOME
1948
available'
held
and
f
Products
and
marine
'
Sold.
and
for the most part,*
are,
changes
fulness
STATEMENT
the
Of
provided
war,
windstorm,
insurance
of
purpose.
Services
1947.
the
facilities
For
have
value,'
Out
out
Services Bought.
Products and services bought reflects
during the year in inventories and deferred costs. These
items increased during 1948 by
approx.mately $58,000,000.
;
them.
CONSOLIDATED
Products
in
Of
and
the
and better tools for the future will spring
in
losses
per
income of about 17 per cent of sales would have been
normal in
r
1948
Arising
arising
Products and
a
invest
half times
1948
replacement
or
Costs
costs
depre¬
position,
$1,029,250,393,'
income averaged 18.2 per cent of sales—or three and oneas much as in 1948.
For peacetime years when
operating rate was between 80 and 90 per cent, the
income averaged 11.8 per cent of sales—or double the
The
Wages and Salaries. Wages and salaries for 1948 totaled
the accrual for estimated vacation payments to
magnificent record of improvement—of U. S.
Steel's
participation in the increase in the nation's
standard Of living and of leisure to enjoy it. It is too
easily r forgotten and it is well to remember that this
years
the
realizable
balance
dividends
labor declined from 69 to 38.
operating
the
peacetime
this
and
$6,951,063
means
bias
The
their
The
for
Products
relatively greater violence
than does its volume.
that for validly judging current income in
terms of historical comparison, and to avoid self-serving
This
operations
to
Additioal
absorbing. possible
and
On
Per Cent Income of Sales vs. Per Cent of Operations
retired.
or
years,
of
products
($7
year 1948 amounted to $.09 per employe hour.
sold
portion of the gross values
of future periods, and does
including
by the Board of Directors to
necessary
survival
properties
additional
Reserve.
vailing in the year 1948,
These real earnings have
steadily increased, with but one interruption of sig¬
nificance in 1921-22, until in 1948 they amounted to
$1.68, In the same span of time the weekly hours of
to
been
have
.
related
for
measure
Steel* bought products
U.
others
of
a
Estimated
war
Insurance
In 1913 the employes received hourly earnings equiv¬
to $.61 in dollars of average
buying power pre¬
the
from
either
estimated
self-insurers
alent
This is
,
plant
which
at
accounts
income..
bought
an in¬
ciation
to
be levied.
values
gross
consolidated
$4,858,545 was used in 1948 to cover the higher,
costs of
replacing inventories depleted during the war.
This charge
and offsetting credit
are
included in the consolidated statement ot
increasing rather
employes with the wherewithal
cost
applicable
be
to
for
during the
More
and otherwise to furnish
the
for
cost
a
for
reserve
from
Employment cost to U. S. Steel in 1948 amounted to
$1.75 per hour per employe. To provide materials and
supplies and cover their cost of transportation to plants,
The
the
returns
the
purport
tion.
represent past wage costs for facilities that have to be
replaced at much higher wage costs.
in
not
has
tax
reasonable provision
that
Corporations,
Reserve
ments for products and
mounting requirements of government to cover its
expanding employment of people at advancing com¬
pensation rates.
Wear and exhaustion costs largely
Valuation.
Revenue
profits
excess
is believed
additional taxes which may
carried
are
and
income
It
Internal
of
ciated amount shown in the consolidated statement of financial
for plant and equipment represents that
January
costs, in turn, also represent in considerable
for any
Bureau
from
of
from the presence of profit incen¬
tives, rooted in the past, to invest in the tools of produc¬
Tax
Federal
Equipment
of
Revenue
record has resulted
services bought from others are
required by such others to cover their mounting employ¬
ment, purchases, wear and exhaustion and tax costs.
of
The
subsequent years.
and
All costs of U. S. Steel except interest have primarily
reflected mounting wage rates. Thus U. S. Steel's pay¬
,
audit
ACCOUNTS
TO
and
based upon
the findings of the United States
and accepted by the Bureau of Internal
Treasury Department, as at the initial date of organi¬
of the Corporation in 1901, plus actual" cost of additions since1,
Bureau
illustrated
reserve' for replacement
and
stock
treasury
Income.
on
equipment
zation
hour's
an
the
determined
earn
effort, in terms of decreased hours
more
of
,
made
Plant
and
eminently
are
properly expected to
are
creasing
continued in 1948, and, in fact, was then more rapid
in any preceding year except 1947.
$1,833,059,993 *$1,310,871,337
and
1941
has been
work, in terms of increased safety while at work
and
with
Cost Inflation
in
602,453,693
Taxes
completed
Benefits to Employes from Investment in Tools
in terms of lessened
u
,
$870,325,200
reinvested
reclassification
Federal
Among the principal beneficiaries of the pursuit of
profit through tool-providing investment of savings have
been the employes, They have benefited in terms of
availability of jobs in building and operating the tools,
February 23, 1949
$360,281,100
*1,150,590,237
properties.
and
Chairman, Board of Directors
capital, $100 per
NOTES
expenditures have already resulted and should continue
to result in relatively lower costs of
producing more
and better quality steel products
currently wanted by
v
'A
shares)
Total
.
in the period not
$360,281,100
1,472,773,893
shares)
(8,703,252
business
For such pro¬
of all of the earnings
use
par
$347
prosper.
•
stock
Income
expended up to December 31, 1948.
was
cumulative,
share
postwar program for tools of production
amounts to $938 million.
Of this amount, $696 million
a
7%
(3,602,811
$100
Stated
U. S. Steel's
continuously strives to conduct its affairs
way as to advance the best interests of its stock¬
holders, its employes, and its customer. At all times
it seeks to further the proper functioning of the whole
American economy, for only as the nation as a whole
prospers can U. S. Steel, as a part of the nation, also
in such
stock,
Common
U. S. Steel and the Nation
.V
U.
>
Dec. 31,1947
Ownership Evidenced By
More
Reserves
For
estimated
out
of
additional
costs
For insurance,
The
arising
war
contingencies and mis¬
cellaneous expenses
a
104,939,571
106,557,221
with
of
Excess
of
Reserves
Assets
,
Over
Liabilities
foregoing
has
been
any
$1,833,059,993 *$1,510,8X1,337
and
is
distributed
solely
for
the
present or future sale or purchase, offer of sale or purchase
or other security of
United States Steel Corporation or
stock
any
any other Corporation.
and
prepared
of furnishing financial and statistical information.
It is not
representation, prospectus, communication or circular in connection
purpose
mate.
or
"U.
both,
as
S.
Steel"
required
Amounts
refers
by
to
stated in round numbers
the
parent
the context.
corporation,
approxi¬
subsidiaries
are
its
■
■
-
V
6
(1222)
THE
COMMERCIAL
comprising
General Corporation and
!
10,929
holders
The
stock.
common
stock
of
average
approximately
were
FINANCIAL
&
52
*
CHRONICLE
Monday, March 21, 1949
PURPOSE—Since
preferred stocks and 23,058 holders of
holdings of preferred stocks and common
shares and 239 shares, respectively.. ,i„ v
.extensive
an
increasing
,
INCOME
STATEMENT,
Gross sales, less discounts,
the
on
6%
m
V.
168,
2539.
p.
stock and
preferred
cents per
3Vi
Selling,
/
Net
Bush Terminal Buildings Co.—To Vote on
On
April
4,
25
par
cents
will
stockholders
the
stock
from
20,000
value,
effect
to
$5
spl:t-up
a
value,
par
on
a
Amort,
Frov.
Net
electr
Cash
c
to
power
its
improvements
high
as
stated
generat.ng capacity,
$50,000,000
investment
in
its
to
that
transmission
the
and
plants
overall
will
and
double
property.—V.
facilities.
program
169,
the
company's
present
SEC
proposing
ferred
shares
First
the
The
11
public
($20
filed
of
Co.
and
offering
nine
price
other
and
firms
proceeds
term
bank
be
hiay
be
increased
proceeds
of
funds
expansion
the
underwriting
to
incurred
not
off
pay
the
as
terms j are
in
to
This
1949.—V.
preferred stock,
and
at
31,
the
Earned
pre¬
per
under¬
be
to
(Including
sup¬
Cash
now
The
balance
in
pay
involves
will
be
the
part
estimated
added
*U.
banks
*
coastal
net
20,843,050
and
15,106,957
47,681,116
43,622,844
and
18,488.113
27,393,851
31,893,942
25,134,731
4,557,682
4,557,682
16,750,000
16,750,000
income
are
miscellaneous
follows:
as
net
earnings from
ocean
properties,
1947, $279,123,961; final dividend
505,021;
balance
.$16,136,169;
of
income
portion
compensation
for
on
paid
as
debit,
balance
per
account
for
steamship
increased
miscellaneous—net
1948,
of
&
cost
the ordinary stock
March
—V.
168,
Other
169,
i
Other
for
depreciation
General
taxes
Federal
income
1,400,300
33,300
400,000
322,495
(1,569,324
(1,736,700
income
$360,514
$338,296
37,510
$3,185,118
Net
316,463
524,823
$343,602
$300,787
$2,868,654
on
preferred
41,800
stock
S.
169,
$301,802
p.
$258,987
$2,367,048
the
$24,173,417,
and sales set
a
Expenditures
compared
with
record for the
company.
new
for
plant
additions
$36,470,175
in
in
1947,
1943
making
the
amounted
a
total
to
i'
of
$97,837,333
for
of
It
its
has
In
to
been
plant
growth
facilities
the
the
this
at
plant
company's practice to
additions
of
its
last
is
expected
from
plants
ten
earnings.
has
To
resulted
finance
a
from
to
be
earnings retained in the
years
substantial
a
expenditures for
plant
business
a
purified
totalled
have
remaining
cellulose
plant
In
$143,255,814.
the
same
r
-
pe¬
.;;»y
the current program is the building
on
by
of
amounted
,
The principal item
of
have
part
the
company's Canadian subsidiary,
Co., Ltd., near Prince Rupert, British Columbia, on
which engineering and construction work is
progressing.
No new capital was raised
during the year.
The company, however,
took up as a loan the $25,000,000
bapk credit arranged for in the previ¬
Columbia
ous
Cellulose
year.
The
Tear.
The
largely
operations
i-n
Celanese
of
sum
through
Corp.
Columbia
at
Dec.
of
was
America
1948,
the
has
Co..
in
Ltd.,
up
the
' x
of
$597,816
and
§ After
-
Co.,
Ltd.,
of
$20,000,000
subscribed
for
amounting
to Dec.
company
31,
to
all
of
the
financed
mortgage
common
$12,500,000
of
in
1948
$2,943,300:
and
amortization
$468,259
of
3,461.175
again
increased in
1948.
stocky was 33,987,
286,496 shares of common stnek
the initial steps in this program.
for
indicate
have
1950
expenditures
not
(see
prepared,
that year of
during
)
•
been
but
be¬
$8,500,000, of which approximately $3,000,000 will
cash.
Company pronoses
to
raise
the
the issue of bonds and stock.
internal
from
SECURITIES,
GIVING
EFFECT
THIS
TO
tax
notes.
tiExcludhig
in
168, p.
and
ISSUE
1,051,000
12.86° a'i0
P
3lA%
due
1977
3V«%
due
1978—5.0'Oono
3%
in
+ After
1S48
$7,018,325
.
to
reserve
and
be
retired
in
is
for
oper.
•
Stroud
299,817
1,569,480
2,422,383
3,546
3,540
2,°07,470
.
7,377,816
The
amount
bonds
of
Hutzler
to
be
purchased
each
by
$2,000,000
_.
Corp
l.FOO.OOO
Inc.
1.500,000
details of
company
V.
see
1004.—V.
169, p.
1106.
169, p.
Fed
536,739
499,061
2,352,770
831,000
753,000
2.790,000
2.043,254
2,718,000
$1,719,256
$1,585,563
$6,249,492
were
15
a
quarterly dividend of
st.or>holders of record Ms"ch
to
follows:
as
each;
cents
11
declared
16
Anril
payable
year
and
April
28,
Dec.
final
a
10
15,
of
11
31.
cents; July 15 and,
33'/2 cents.—V. 169,
Chicago & Eastern Illinois RR.—Interest—
50,478
39,758
120,306
96,443
$1,769,734
$1,625,321
473,998
391,633
$6,369,799
1,856,176
$6,073,418
1,720,059
$1,295,736
$1,233,688
$4,513,622
interest
of
5%
of
will
be
made
April
on
1949,
1,
the
on
general mortgage income bonds (convertible), due 1997, on surrender
of the coupon due April 1, 1949, at Chemical 3ank & Trust Co., New
York, N. Y. *
"J "'.7;,'%;
$4,353,358
The
be
deductj
15,
Payment
$5,976,975
(net)
last
March
on
share,
of
York
New
quoted
tinued
be
dealt
Exchange
April
Stock
ex-interest
to
contracts
and
1950,
1,
Exchange
5%
in
1,
that
be
to
directed
15
1949;
and
beginning
April
subsequent coupons.—V.
St.
Paul
169,
p.
Pacific
&
shall
con¬
settlement
in
1949,
1,
bonds
that the
bonds
the
delivery
a
made
Milwaukee
Chicago
March
on
April
on
"Flat,"
must
carry
1106C
___
-
was
3%
a
awarded
rate
1C0.20;
Ripley
First
Beane
&
were:
Co.,
March
RR.—Bids
on
14
on
Inc.,
Weld
102.234;
102.1327;
&
and
1,
of
bid
a
Kidder,
Merrill
(jointly),
Co.
•
Mafch
1
York,
1949;
;
1,
March
.due
September
New
York. ;
100.2117%.
1.
Principal
1979.
Interest
interest
and
Interest
also
payable
or
at
payable on
at' Old
payable
agency
agency
of company
of
company,
Chicago, Illinois.
Series
R
bonds
redeemed at any time upon at lbast 30
days' published notice through the operation of the sinking or im¬
provement fund
and may be redeemed as a whole or in part,
upon
notice,• at
the
be
may
option
the
of
deposited with the trustee
company
(other than
for
or
application of
by
the
sinking
fundi,
sinking
improvement
or
company in each
the trustee cash
amount
cf
fund
for
the
or
moneys
improvement
Series
R
bonds
requires
the years from 1950 through 1978 to deposit
Series R bonds equal to 1% of the maximum
Series R bonds theretofore outstanding.
Com¬
of
or
pany
may,
instead of depositing cash or Series R bonds, allocate
additional property (at 60%
of cost or fair value) to an amount not
in excess of one-half the annual
requirement.
Cash deposited in the
■sinking
Bonds
1,
Oct.
fund is
deposited
sinking
bonds,
to
are
fund
or
be
may
for
to
used
be
not
for
the
retired.
be
used
retirement
Additional
as
the
basis
of
Series
R
1949
April
to
1,
1964.—V.
169,
1005.
p.
consider
which
meeting
to
eliminating
held
be
all
on
reference
redeemed.—V.
been
has
169,
p.
March
to
the
22,
the
prior
stockholders
prelerred
stock,
376.
Chicago Rock Island & Pacific RR.—Equipment Trust
Offered—Harriman Ripley & Co., Inc. and
•
Certificates
Lehman
Brothers were awarded March 15 $2,808,000
equipment trust certificates series C maturing
$117,000 semi-annually Oct. 1, 1949 to April 1, 1961, in¬
clusive. Issued under the Philadelphia plan, the certifi¬
cates were re-offered^ subject to ICC authorization, at
prices to yield from 1.25%
to
2.45%, according to
maturity.
2Vs%
!.
The
certificates
railroad
The
20
issue
2.24%,
Bids
99.972;
issued
be
estimated
Diesel-electric
awarded
was
to
to
provide
cost
lomotives
on
a
bid
of
not
and
for
99.277,
standard-gauge
new
than
less
100
$3,757,220.
hopper
a
net
con¬
cars.
interest
cost
of
'
.
Halsev,
99.115,
will
equipment,
of
Stuart
both
for
for
the
Harris.
99.6311.—V.
&
Inc.
Co.
bid
99.1624
and
Lee
Higginson
Corp.
2'/as.
certificates
Hall
169, p.
&
as
2'As
(Inc.),
Co.
were:
Salomon
99.8104;
Kidder,
Bros.
&
Peabody
Hutzler,
&
Co.,
1005.
bends.
property allocated to
the issue ol addi¬
Childs Co.
for
other purpose under the indenture.
Indenture
contains maintenance
requirements amounting in each year to 15% of
the gross operating revenues from the mortgaged
properties.
any
annual
the
At
•
sisting
'.V
'
The
$202,000
Chicago Pneumatic Tool Co.—Annual Meeting—
Other
Peabody & Co., 102.197;
Lynch, Pierce, Feriner &
102.021; Otis & Co., Inc.,
;.r-'
:
Colony Trust Co., trustee, Boston, and at office
The
issued
&
Corp.,
White,
101.778.
Dated
company
Kuhn, Loeb & Co., TOO.201; Halsey, Stuart &
Co., 100.135.
Bids for 3VsS were: Harri-
Shields
Boston
and
March
of
.will
issue
for
has
invitations for bids to be received March
29
for the sale of $6,060,000 equipment trust certificates series HH,
to be dated April 1, 1949 and to mature in 30 semi-annual instalments
Bonds Offered—Salomon
—
The
Hutzler, Equitable Securities Corp. and Stroud &
Inc..
man
the
of
of
5.580.894
Co., Inc. on March 16 offered $5,000,000 first and general
mortgage bonds, series R 3 % due 1979 at 100.79 and int.
the
issue
Is me
599..
2,216,493
886
Central Maine Power Co.
with
Co.
per
Oct.
p.
1.231,918
554,123
3,219,387
599.
p.
Bros. &
like
principal
&
Securities
&
Payments
1948—12 Mos —1947
886
income
income
169,
New
+ Reflects Nthe
and the
4,1949,
Equipment Issue—
Net
in
The
Eros.
directors
cents
the
The
March
on
March 8. 1949, the companv publicly invited
purchase of the Series R bonds.
The best bid was sub¬
the purchasers named belcw
and
was
acepted
by the
For further
Co.- —Earnings—
400,355
tax_
oth.
indenture.
or
stock
common stock upon the exercise of warrants, an$
issue of 38.82R shares of common stock not later than
5,514,1071/2
833,778
1,489.597
"
income
&
charter
by
common
11,976,911 shs,
of
one
642,620
income
220.000 shs.
2,500,000 shs.
delivery of the bonds.
by
Eouitable
$6,015,828 $25,984,877 $22,678,55.3
788,366
.
than
scries
follows:
as
1947
within
.
the
for
Salomon
$57,215,034
2,099,161
■
.
_______
income
Interest
bids
of
.
500,000
300,000 shs.
UNDERWRITING—On
+ After
$11,730,000
t+Represented by
Service
franchises—
other
Federal
-V.
the
date
$10,000,600
par)__
imposed
,
F *713 shs.
3.50%
($10
stores of
the
5,000,000
loans.—
par).—
stock
stock,
shares
assumes
.
($100
stock
limit
219,196
14,817,900
$2,134,000
and
1948—3 Mos.—1947
income
eral
stock
%
_
3,981.000
..___
1979—
bank
preferred
C>No
2.205.643
due
evidencing
40 426 noq
*
Net
1976
Chemical Fund, Inc.—To Pay 11-Cent Dividend—
Depreciation
Taxes,
$234 000
due
The
Public
purch._
*
23-4%
23,472
.
1947.
amounts
Outstanding
N
Common
1004.
Maintenance'
of
in
1948
Authorized
12,196,000
Preferred
3.481.175
797,628
.
1947,
$63,233,866
deducting $25,976,816
gas
tional
1943.
including all classes of
been
have
the
19,81** «no
6%
2F.000.O°0
value)
'^Represented bv 420,000 shares.
aggregate
funded debt during the past
.
issuance
paid in
stockholders
31,
,
Cellulose
its
Cellulose
$6,500,000
number of
total
Columbia
of
Canada
which
The
•v.
,
stock
The
paid off $1,500,000 of
"
bonds.
:.;V
/.
company
internal
whi"h
1972__
Preferred
38.560 aoq
'
value—1948,
revenues-
completed
very considerable extent,
the
the company's earning powei".
$63,128,033, approximately 49%: of total earnings.
riod
364 635
?• 1,570,915
24.063.000
______
.
all
shortly, with full production anticipated by the second quarter of 1949.
of
are
general mtge. bonds:
3 '/a %
due 1968
enmopnv.
Other operation
Co.
the substantial completion of the current
program of plant additions in the United States.
The company's fourth
plant for the production of yarn,
Celriver, near Rock Hill, South Caro¬
lina. was brought into production in the fourth
quarter of the year.
Installation
41.2 981
1,409.854
258,651,323 209,505,335
market
Power
$41,056,497,
past three years.
The year
1948 marked
from
due
Notts
25 060.000
_•___
.Operating
stock, contrasted
$3.83 per common
or
than
$16,000,000,
at
Series R
948.048
common
share, Sales volume of $230,384,672 was
approximately
27% over the 1947 figure of $181,083,608. Both income
other
Series Q
S.^se.S'O
31 nn° 000
par
J
mitted
Period End. Dec. 31—
taxes,
on
for ,cash,
estimated
are
Series
$2,251,924
$39,484,000, equivalent after preferred divi¬
have
Series M 3V2%
40,815,718
Gross
dends to $6.61 per share
with 1947 net income of
in-ig
flnci
Series
799.
amounted to
1^47
1970
bids
Central Illinois
501,608
Celanese Corp. of America—-Sales and
Earnings in 1948
Set a New Record—Net income for
1948 after
1948,
years
due
27.297,717
Tre^surv
Other
Balance
—V.
501,606"
the
Series L 3'4%
1,970.112
2,123.935
(without
Series
:
726,051
v*
2,660,692
;
stock
First and
$2,753,530
41,800
income
Divs.
$3,278,353
thr*e
the
estimates
$6,000,000 and
27,297,717
1947.
U.
1,325,187
16,913
at
made
were
"
766,799
contingencies.,
depreciat:on
an
1,796,200
Interest, &c., charges
in
1949
estimates
provided
surplus __________65,137,728
Amort,
Gross
on
and
year
construction
'
1,402,583
-
Capital surplus
Earned
400,000
345,594
1,326,250
provisions
%
1947
■
____„
reserves
116,250
which
requirements
the
remaining amount by
5,191.978
taxes__________
nreferred
•
6,607.092
- issued,
420 000
48.495.060
2nd preferred sto^k
(par $100)14.817.900
ft Common stock (without
par value»_
,
2,205.643
1947
33,300
}
(
taxes
be
,•
121,550
of
plant
adjustments-
development
i
7%
$1,664,898 $17,087,010 $15,923,315
854.557
8,795,568
7,797,325
876,312
tween
19,787
2,434,188
'
employees..
;
1949—12 Mos.—1948
Amortization
acquis.
for
Co.—Earnings—
$1,737,271
expenses
1948
'
reserves
**$4'.75Tst
shares.—V.
1949—Month—1948
revenue
from
"Quoted
1948
for
preliminary
551,553
l
accruals
Reserves
31, 1948,
representing
'
storage
new
divided
256,651,323 209,505,335
payable to banks—
debentures due Oct. 1, 1965__—
if2.85% debentures due Dec. 1, 19G6..
declared
1105.
p.
addiUois
company's
Final
991,794
'
_a_:
Notes
Dec.
recoveries
'
407,385
313%
$20,339,708 $18,594,696 $14,391,365
1,318,437
1,101,207
731 240
taxes_
Central Illinois Light
Prov.
819.798
■
____
.
Other
1948,
ended
year
$196,737,313,—V.
income
Period End. Jan. 31—
Operating
amortiz.)
____:
trade-marks...........
accrued
year.
Gross
117,972,733
Accrued interest
2540.
p.
amts.
____,
31,
1949
Federal
153,010,448
deferred
for
now
offered, and the issue
offering in V.169, p. 1004)
1.956.555
liabilities, wages and commissions
j Accrued Federal taxes on income (net)
tonnage replacement, Cr$669,922;
profit and loss balance Dec. 31,
January—
after
(less
exp
receivable
capacity of 16,800 kw. and underapproximately 75 million kwh.
produce
company proposes to raise in
1949 through the issue of bonds and
stock.
Of this amount $9,700,000 will be required to
pay off its out¬
standing bank loans.
The^ issue of the $3,000,000 of Series R bonds
2.576,429
___
$573,799;
sheet,
the
insurance
of
______
Profit
'2,768,103
______
etc
charges
accounts
antf
The
2,635,592
__
______
Total
Sales
3,200,655
Accrued
Caterpillar Tractor Co.—Earnings—
Month of
prem.
deferred
and
plant
$31,691,779,
sources,
20,654,811
advance_____
,__
equipment,
withheld
$10,050,000;
transferred to depreciation
reserves, $88,568,940; balance, $180,-
amount
in
.
profit and loss balance, Dec. 31
3%
of
1947,
year
711,197
/
>
24,508.243
LIABILITIES—
interest,
earnings of the
of
Accounts payable
Funded debt due to be retired within one
year.
Federal and State taxes and other amounts
earnings from hotel, communi¬
$887,874; dividends, $19,806,469;
exchange, separately operated property and
sources.
$3,763,670; total, $27,189,949; provision for in¬
taxes, $2,325,000; balance, $24,864,949.
the
811,445
10,652,536
payments
units,
transmission lines
CAPITAL
net
The profit and loss account follows:
from
2,138,981
17,774,877 -14,291,708
excess
rated
a
will
as
follows: generating facilities, $12,944,substations, $3,534,233; distribution system
and other plant items, $15,212,853,
The 1949 construction program is
estimated to require expenditures of
approximately $9,840,000.
693;
cost:
company
disct.,
Total
5,031,500
16,750,000
4,557,682
16,750,000
of other
in
generating
Electric
%2,947,646
receivable,.
not
have
of
tptaled
obligations^.
int.
will
conditions
'
31,614,162
—
water
stations.
1947
42,236,091
subsidiaries
Notes
19,547,129
miscellaneous
come
and
additional
Wiscasset,
an
construction, in three stations on the Kennebec River.
Com¬
has contracted for the delivery in 1950 of a 6,000 kw. hydro¬
electric upit to be installed in Williams Station, one of these three1
40,856,011
•
of
at
;
less reserves
less,
or
other
Other
51,161,291
15,787,174
stock
from
securities
advances and
installation
the
pany
Companies 1
l"'-
•'
hand___
on
cost
"
■
completed
company
completed
time
31
36,054,334
22,779,794
•■•••.
lines
*
a
additional
$2.33
1,662.278
Patents
22,892,189
*24,788,927
steamships, $2,731,936;
income
1
fPlant, machinery,
15,890,264
Particulars
and
cation
Subsidiary
DEC.
Other
.
43,284,115
income
Preference dividends
SHEET,
;;
stations on the Kennebec River
by approximately 17,000 kw. and the
peaking capacity of these stations by approximately 30,000 kw. I In
addition,-- this increased storage will make it practicable to; install'
29,48$,58$
5,514,107
$3.83
l
Foreign
Foreign
•
1945
24,864,949
_
___
ordinary
Domestic
•.
market
Insurance
18,419,166
__~_„
Net
on
;V
1946
and
and
Inventories—at
of
.
1347
=
Government
Other accts.
the
costs. of
expenditures
with
S.
C
tTrade accounts •receivable,
to
355.249.7C2 318,585,919 292,495,828 316,109,358
336,830,536 295,693,730'271,652,778 280,055,024
tax)
charges
Divs.
5,514.107*
BALANCE
Debt,
Gross earnings
Work. exps.
lincl.
income
5,514,107
______
1948
."*•*
with
the
company's
aggregate $300,000 and
$700,000 prior to receipt of the
1948
Total
40.815,718
:
Canadian Pacific Ry.—Earnings for 1948—
Fixed
65,137,728
$3.61
CONSOLIDATED
short-
COMPARATIVE EARNINGS STATEMENT FOR CALENDAR YEARS
Net earnings
income
2,645,223
approx^
transmission
the Dead River, a tributary of the Kennebec River.
This development;
scheduled
for
completion in
1950,
will
impound approximately 11.9
billion cubic feet of water and will increase
existing storage on the
Kennebec by 34%.
The additional storage will increase the effective
capability of the 95,776 kw. of installed capacity at the company's
1,995,091
—-
ASSETS—
full
in
438.
p.
;
Other
1,995,094
1,995,092
off
lines.
year of additional hydro generation.
The company has begun work on a
*
1,037,253
share
common
>
Investments—at
.
when
exps.
writ,
1946,
capabil¬
per
4,956,341
*1,037,253
series
$4.75
experimental
Dec.
7,165,717
1,037,253
£
provides
generating
Union Falls, on the Saco; River, is
substantially cc-mleted:
unit, having a rated capacity of 8,400 kw., was first put
operation on Dec. 30, 1948.
It is expected that the second unit)
be
put into operation during March, 1949.
This development
will
37,474,273
12,129,645
stock—_—
treasury
first
Into
16,066,124
;
preferred
voltage
kw.. .steam
facilities
16.059,416
53,659,005
distribution
new
the
1947,
The
_—5,348,733'
—
80,299,718
surplus at end of year___
Common shares outstdg. at Dec. 31-
connection
exceed
program
168,
discharge
and
borrowings
preferred stock sale.
and will be used to
program.
$1,422,500 in
to
used
These
program.
treasury
24,173,417
29,485,588
•'
Earned
•
will
indebtedness
expansion
named
are
plied by amendment.
Net
.<512,222
Corp.
the entire net proceeds (exclusive
by the company from the sale* of
$4,965,570 after allowance for ex¬
generating unit at Mason Station, "in
total capacity at this station of 40,000 kw.
Skeltoh Station, a redevelopment of the
company's hydro
11,577,000
40,815,718
of year—
Rayon
stock
Research
registration statement with
50,000 5',2%
cumulative
a
offering
begin,
In
making
part.
California
writers.
March
on
215,045
15,837,000
39,484.000
at
of Tubize
second
1st
.
California-Pacific Utilities Co.—Registers With SEC—
company
194,053
and
received
(aggregating
facilities, and approximately
20,000
dividends:
'7%
defer,
The
1,217,203
exp.
income
Boston,
to-be
bonds
2,100 miles, of.
728,681
25,565,000
&
prem.
on
income
.Common
as
375.
p.
disct.,
taxes
surplus
surpl.
Total
Mr.
run
may
Fed.
Bank,
R
275 miles of new or rebuilt high
kv. to llo kv.) 'and related substation
(33
29,065,842
1,923,317
Series
average
extensive additions
as
distribution
this
of
than
more
well
as
and
cost
42,198,779
2,091,766
i..
income
Earned
Earn,
Cummins
debt
on
for
According to a statement issued 911 March 11 by A. S. Cummins,
President, the company is engaged in a five year construction program
which, when completed in 1953, will add 145,000 k.lowatts of hydror
•and
67,334,819
debentures
on
been
interest)
mately
28,337,161
income
Interest
California Oregon Power Co.—Construction Program-r
V
41,229,555
969,224
program
penses
estimated at $45,015)
will
be
used,
together
with
funds, to reduce notes payable to that bank by $5,000,000.
Company's construction program from 1946 through 1950
additional- generating capacity and an increase in the effective
ity of existing stations aggregating approximately 63,800 kw.,
88,889,957
5,913,782
12,061,311
66,298,293
1,036,526
Total income
•
to
1106.
p.
and admin, expenses^-
operating profit
the
of
war
the company has undertaken
to provide facilities to meet the
system.
Funds required to carry out this
provided in part through short-term loans from
construction
National
accrued
the
135,202,21?
181,083,608
Split—
authorized
400,000 shares,
20-for-l basis.—V. 169,
increasing the
consider
shares,
First
cf
1946
139,316,824 119,313,038
8,511,478
6,980,738"
16,258,07-7
13,560,277
-
gen.
31
•
jj*
-
Depreciation
Other
common
"sold___
Cost of goods
.
1947
230,384,672
allowances
share
on the class B
common stock, all payable April 15 to holders of record
March
28.
On
Jan.
15, iaat, the corporation pa.d a participating
dividend
of
2% cents per share on the class A common stock.—
cumulative
Companies)
1948
returns &
(Continued from page 2)
share
ENDED DEC.
YEARS
(Including Domestic Subsidiary
.
end
demands on.its
have
program
CONSOLIDATED
Investment News
the
(& Subs.)—February Sales Declined 6.6%—
Period End. Fob. 28—
Sales
—V;
1949—Month—1948
$1,503,350
168, pp. 2681 and 2540.
$1,609,269
1949—2 Mos.—1943 1
$3,134,212
$3,271,890
Volume 169
Number
'
C. I. T. Financial Corp.—Sells Preferred Privately—
The corporation March 16' announced the sale to Pruden¬
tial Insurance Co. of America and the
Metropolitan Life
Insurance Co.
of
200,000 shares of $4 cumulative prefer¬
$100 a share for a total of $20,000,000. The
ence stock at
Prudential Insurance
and
has
150,000 shares
purchased
Metropolitan Life 50,000 shares of the issue.
the
1
Co.
transaction
crease
than
completed
was
consolidated
capital
and
March
on
surplus
and
16
of
to
•
of
stock
previously authorized by stockholders.—V. 169,
$30,000,000, on June 1, 1948.
The corporation thus has com¬
pleted the issuance of the entire amount of 500,000 shares of preference
1005.
p.
Citizens Utilities Co. (& Subs.)—Earnings—
•)
tl948
1947
Years Ended Dec. 31—
revenue
Operating
Other
inc.
income
Other
Any
will
"
2,491,449
2,067,953
"c"
1,774,350
$799,856
80,322
65,701
11,043
4^,4o7
oo,i24
173,689
226,064
253,634
taxes
$829,977
194,634
inc.
283,937
229,131
$828,015-
Interest
on
Federal
and
Net
bonds
and
State
income
e'Earnings
-
taxes
$419,845
on
257,165
$1.60
shares
common
tPreliminary.
$379,338
$410,206
$1.63
__
shaie...—
per
"Based
notes
income
outstanding
;
$1.48
31,
Dec.
at
1948.
-
Operating revenues and net income set the third successive new
high in the history of the company.
Kichard L. Rosentnal, Pres¬
ident, indicated that these results were achieved despite unfavorable
developments adversely affecting the supply and increasing the cost
of
at bcth
energy
the
properties.
He also stated
operating income such part of
under
bond,
Public
as
in
were
that
the
rate
increases
Arizona,
in
in
vennon.;
the
Vermont
eaeet-
promulgated
eiec-
include in
did not
company
rates
of
excess
Nogales,
Vermont-and
company s
tric
by
Service
ville,
Niles
and
that
Rio
and
the
Vista,
He
also
North
Miami
and
(Ariz.)
Sacramento
(Calif.)
Boulder
Su&anville
that
Alaska, had had
a
the
cold
(Ariz.)
Deer
that
growth;
Elk Grove,
made
plant
storage
were
Guerne-
show
and
(Calif.)
Alturas
and
company's
Creek,
continued' to
telephone operations in Kingman
Ferndale,
stated
progress.
Ketchikan,
at
satisfactory year.—V. 169, p. 3.
very
certain
-
The
Governors
of
the
New
York
Curb
on
TRUSTEE, Guaranty Trust Co. of New York.
The annual sinking
fund commencing in 1953 is
designed to retire $13,650,000, or approxi¬
mately 68%, of the new debentures "prior to maturity.
.
the
proceeds
net
the
from
amounting
presently
loans
repay
LISTING—Application for listing
■
the
of
of
proceeds
net
the new
from
EFFECT
GIVING
It
the
due
July
1970
1,
.due
Dec.
tNotes
to
Serial
pfd.
stock
(no
par)
Exchange
deed
3%
of
trust
bonds
such
issuable
also
i
under
the
on
the
date
March
16'
au¬
formal
listing 425,569 outstanding shares of $10 par
value
capital stock, including 50,551 shares held in
the company's
treasury. This stock is presently admitted to unlisted trading privileges
on
the same Exchange.—V.
169, p. 107.
of
with
banks
ity to
customers, carried higner peak loads, em¬
and women, and made greater addi¬
tions to its system than in any other year in its history.
more
ployed
is
.
be
XX;X%''-.:.%
1, 1948, the company entered into a credit
pursuant to which it may borrow from time
time
prior to Sept. 1, 1950, in multiples of $1,000,000, sums aggre¬
gating not more than $25,000,000, to be evidenced by notes bearing
interest at rates varying from 2%
per annum to not more than 2-W'r
per
annum
as provided in
said agreement.
Notes issued under the
agreement shall mature three years from the date of the first bor¬
rowing by. the company under the agreement, but in any event not 1
later than Aug. 31, 1952.
As of Dec. 31, 1948, the company had not
borrowed-under
thik
agreement,
However,
borrowings under this
agreement presently total $5,000,000.
$This amount will be.-outstanding- if all the shares of new common,
stock now offered are sold.—V. 169, p. 1111.
more, men
The'number
11,980
in
Total
.
time.
of
1948,
electric
the largest gain
electric
sales
cxceedtd
XX:X^%-r-' X>.
served
customers:
in
by
the
20
years.
billion kilowatt hours
four
'".iX'.XX' X '
■
increased
company
first
X'^XX
%C;;
■■
the
y
Revenues from sales of electricity and steam reached a new high of
which was 15.6% above 1947.
Operating expenses totaled
$52,224,000, which was 17.9% above 1947. Costa rose at a higher rate
$61,343,000,
than
revenues, becau
of higher prices.
e
employees
Inc.,
a
of
Years Ended Dec. 31—
1947
1948
expenses lexcl. Federal income taxes)
Provision for estimated Federal inc. taxes tnet)
R.
43,263,436
40,195,173
3,961,000
4,038,000
operating
Nonoperating
X
revenues.,
revenues
■
$9,118,553
$8,756,810
516,757
301,943
—-
_
at
Gross
income
etc.,
$9,635,310
$3,058,753'
1,560,775
Cobbs,
$8,074,535
1,147,450
5,114,041
4,649,128
$2.98
$2.80
—
income
—;
—
on
preferred
Dividends
on
common
Earnings
declared
per
stock-stock
share.—.
common
CONSOLIDATED
BALANCE
SHEET,
DEC.
ASSETS—
31
public.
H.
Logan,
Armstrong,
to
and
attorney
Teasdale
Armstrong,
board
Chairman
U.
hand
on
S.
Govt,
Accounts
Other
and
Floyd
Wheeler,
member
a
Co.,
s.diary
of
Wneeler
Chicago,
in
Clinton
Louis,
Mo.,
secur.—at
receivable
accounts
cost
121
for
in
and
1921,
also
40
years
or
more.
to
XX-% * ■ - ...
interconnected unit, operating approximately 31,500
distribution and field gathering pipe lines,
stations with a total of 233,349 h.p., 12 liquefied
transmission,
compressor
22 underground storage reservoirs and 9.804 gas
storage wells).
In connection with its gas utility
also conducts gasoline and oil operations and
19 gasoline extraction plants and 1,844 oil wells.
(including
the
business,
has
System
PURCHASERS—The
amounts
to
be
announced
Whiterr.an,
Chairman
Moss,
the
of
election
lias
Vice-President
as
elected
been
in
the board
New
of
Wheeler
a
charge
Vice-President in charge
operations at Clinton, Iowa.-
Chairman
the
of
sales,
of
of
corporation,
director
Blyth
&
Drexel
Appointment
Snow
of
Good
frozen
Crop
Bros.,
W.
Clinton,
and
C.
R.
trucks
said
will
that
his
be
placed
in
the
succeeding
Material
and
Stone
Deferred
Jan.
1
charges
Total
supplies
—_.
8,594
(at
cost
average
less)
or
750,000
12.741,660
9,971,579
906.111
—V.
169,
,%
248,846,512 239,669,330
juice
The
of
2,500,000
Securities
serial
hour
to
begin
soon
of
the
rapid
provide
construction
accomodate
markets.—V. 169, p.
Pa.,
full
600.
(111.)
a
as
for
13,910.102
148.633,165
134 016,959
2,250,418
2.121,961
25,142,343
23 961,820
350,859
373,909
4,337,459
4,492.334
(21,040,602
4,418,566
4,119,123
19,532,442
26,770,968
$5,453,715
of
$5,075,158
1,296,558
1,258,122
14,981,651
62,638
63,437
787,683
769.336
Cr71.491 Crl, 255,781
Cr320,336
8,933,214
8.453,322
plant
adjustments-taxes
Federal
}
income taxes
income
Interest
debt
13,398,615
deprec:ation__
Amortization
General
for
subsid'aries
Amortiz.
debt
of
premium
and
C/T30.542
pfd. stk. of subs,
744,317
tCommon
First
stock,
week
Taxes
Federal
Other
income
on
Preferred
Other
Reserves
declared,
and
286,863
construction
for
liabilities—
230,067
for
for future
282,685
430.270
3.9
235,199,000
4.3
254,832
232.428.000
6.6
246,407,000
229,234,000
7.5
Federal
income
4,592,000
508,245
558,615
24,634,406
22,452,603
—
surplus
"
'
Jan.
X
29,
11,819
$588,498
SEC
119,511
The
176,993
petitive bidding.
___________
(A)
the
011
of
company is
of common
The
common
14,
at
(B)
right
basis
a
of
shares.
1 Represented by 2,324,564 shares.-
Registers With SEC—
stock
share
stock
held
subscription
The privilege
of
of
record
price
to
of
as
4r4.°12
common
of
$33.50
the
per
purchase at the
shares
stock
close
of
for
of
common
each
five
business
on
stock
shares
March
share.
price of $33.50 per share
any of the new common stock not subscribed for through the exercise
of rights to subscribe,
subject, however, to allotment.
same
and
issue
of
169,
Gas
names
—8 Weeks Ended—
Feb. 21, '48
Feb. 26, '49
Feb. 21, '48
$12,870,894 $25,216,023
$24,935,153
FeB.
26,
1949
totaled
against
373,
p.
369
at
800.
System,
Inc.—Debentures
Offered—A
and
awarded March
2.996761%,
coupon,
&
Co.
Inc.,
15
Other
Salomon
were:
101.881;
&
Co.
bid
of 100.057,
received
Bros.
Merrill
White, Weld & Co. (jointly),
a
on
bids
&
Lynch,
at
the
Hutzler,
a
sale,
net interest
all
naming
102.1127;
Halsey,
Pierce,
Fenner & Beane
101.809; Lehman Brothers, Goldman,
Union
Securities Corp. (jointly), 101.781.
1949; due March 1, 1974.
March 1 and Sept. 1 in New York City.
Annual
sinking fund of $650,000, payable in cash or principal amount of
debentures due 1974, on or before the last day of
February in each
Dated
of
the
and
March
Interest
years,
corporation,
redeemed
1,
payable
1953
upon
to
1973,
inclusive.
at least 30 days'
otherwise
than
by
the
Redeemable, at option of the
notice, (i) in whole or in part, if
of the sinking fund, at
operation
registration statement with the
debentures, due April 1, 1999.
be
determined
through comProceeds will be used for working capital, construc¬
on
March
$50,000,000
the
of
16
filed
sinking
underwriters
a
fund
will
(
costs.
This
is
postwar
the
company's
construction
new
will
second
step
financing
in
its
$500,000,000
program.
debentures
to
are
be
subject
to
an
annual
sinking
fund
by maturity.
The provi- •
important feature of th®
new
issue.
The average maturity of the issue will be 25Va
years. •
The new debentures, in contrast to the last debentures issued by the
company, will not be convertible.
It will be recalled that the first step in the program was the issu¬
ance
in July,
1948, of. $50,000,000 of first mortgage bonds.
Bid*
for
those
bonds
were
received
from
groups
headed by The First.
Boston
Corp., Glore, Forgan & Co. and Halsey, Stuart & Co.
Th®
First Boston group was the successful bidder.
~"
Upon completion of the present step in Edison's postwar financing1
program, the mortgage indebtedness of the company will amount to
$330,000,000, or 42%
of the total capital structure and the $50,000,000 sinking fund debenture issue will amount to 6% .
The common
stock equity
at the end of 1948 was $414,000,000, or 52%
of total
capitalization, including the new debentures.
The company's construction program for the four-year period,
1949
to
1952,
is estimated to cost approximately $340,000,000.
Of thisamount, approximately $190,000,000 will be provided out of present
cash
resources,
depreciation
accruals,
and
undistributed .earnings.
Approximately $150,000,000 in outside capital, including this deben¬
ture
issue,
will be required.
Neither the nature of the remaining,
$100,000,000 of financing nor the time at which it will be undertaken
has as yet been determined.
Changes in construction costs and in
business
conditions, said Charles Y. Freeman, Chairman, may alter
the size of the program and the amount of new money required.
sion
Slightly—
interest.
was
about
3Va%
Sachs
for
new
The
Stuart
par):
(no
ubscribe
to
$0.90
company
covering
The
operation at
Columbia
cost
a
offering to the holders of its outstanding 2,324,564
one
$291,994
$0.58
banking syndicate headed by Morgan Stanley & Co. on
March 16 offered $20,000,000 3% debentures due 1974 at
248,846,512 239,669,330
Rights Given to Common Stockholders—
The
$189,487
1949.—V.
100.70
——:——
"Represented by 254,989
shares
19
$576,679
60,244,637
5,779,000
taxes
reserves
Total
26
fo Inc.
1948
1949
110,997
—4 Weeks Ended—
579,345
66,181,565
deposits
depreciation of property and plant
postwar adjustments—.
the
234.919,000
$12,766,696
in
of
247,719,000
L.
Sales
Stores
totals
1948:
245,329,000
Colonial Stores, Inc.—Current Sales Off
269,143
output
with
asso¬
244,153,000
Feb. 26, '49
287.137
kilowatthour
comparisons
and
utilities, for the
corresponding
the
5
1900.
of
___
over
12
income
800,Q00
286,863
1
___
accrued
Reserves
Earned
Jan.
the
are
percentage
Company
electric
increase
Feb.
184,150
Earnings per share
2,518,053
800,000
payable
Following
and
Edison
other
to
3.9%
a
March
which
year
Reserves
Other
5.268,920
2,730,473
surety deposits plus accrued interest
current
Customers'
377,869
long-term debt—
dividend
succeeding
Customers'
3,881,177
557,036
—
'
the
6,875,547
taxes..-
ago.
sales
showed
12.
March
income-
168, p.
year
four years
Week Ended-
Commonwealth
excluding
March
past
tion
—V.
169.
805,262
Provision for Federal income taxes
20,000,000
— ——
corporation.—V.
4,480,880
50,000,000
20,000,000
(estimated)—
taxes
Interest
40,871,520
—....—..—...I
»___
accrued
accrued
a
of
output
companies,
ended
122,540
40,871,520
50,000,000
Net
parent
Commonwealth Edison Co.—Weekly Output—
Electricity
$423,024
1970—__
due
preferred stock of
011
1,070.106
income
Charges
________
Accounts payable
Payroll
series
1982
dividends
20,845
25.498,900
value
2,045,804
$29,440,548
1111.
$402,179
25,498,900
to
1.945,989
$29,164,704
1947
operations
value
par
215,199
$2,906,550
the
i
income
Gross
without
par
bonds—3%
series due
"Before
p.
Feb.
Other
174,283
$3,306,462
_—
$6,117,653
expenses
4,302,483
stock, without
mortgage
3%
income
"Net
1948
___:
administrative
from
703,342
$5,996,998
.
Cost of goods sold
Selling expenses
Profit
14,057,520
disc.,
expense
deductions
on
$54,537,461 $54,446,194
long-term
011
of
125,780,335
4,340,563
%
and
$
25,038,766 279,471,365 263 220,717
12,273,297
expenses
acquis,
1949—12 Mos.—1948
$
24,746,855
revenue
for
ACCOUNT
1949—Month—1948
Period End. Jan. 31—
Prov.
X
4.41%.
or
INCOME
COMPARATIVE
He
refrigerated
-Earnings—
Months'Ended Dec. 31—
sales
General
electric energy of subsidiaries
general business conditions of
10. 1949, amounted to
the corresponding week
show
to
of
line
deliveries.
of-
merchandise
to
Club Aluminum Products Co.
Six
Net
Corp.—Weekly Output—
of
output
the week ended March
compared with 315,390.004 for
served
1948, an increase of
The
preferred
2.500,000
2,500,000
2,500,000
Corp
adjusted
corporation
329,300,106
in
kilowatt
weekly
this
territory
concentrates
LIABILITIES—
*$4.50
2,500,000
—
Co.__
1111.
P.
week
825,492
___
...
243,566
of
year
2,500,000
—
Ripley & Co., Inc.-
Webster
&
ciated
25,510,065
750,000
due
distributor
as
grape
158,321
3.796,916
-
Deposit for payment of interest
$2,500,000
2,500,000
■_
Peabody & Co.
Smith, Barney & Co
Divs.
operation
will
company
Harrisburg
3,604,039
respective
Kidder,
plant
and high
quality*frozen fruits, vegetables and poultry in the Baltimore (Md.)
area
has been announced by J. I. Moone, Snow Crop President.
Thomas Good,
President of Good Bros., Inc., said that a fleet of
and
1,500,000
the
and
—
Co
Hutton &
E.
Other
Inc.
and
orange
Lancaster
—
purchasers
Inc
Co.,
&
Harriman
Carl
of
Clinton corn processing
the
of
the parent
Barnes
Distributor for Unit—
194,809,352
3,658.931
interest)
-the
of
names
purchased by each are as follows:
Morgan Stanlev & Co
Gross
M.
Columbus,
—
(accrued
stocks
1948.
Gas
gas
gas
Gross
Mr.
in
market >__
(approx.
(trade)
receivable
outstanding
31,
•;■/> "V"'."-:XX:-■
of
wells
1936.
25
154,271
Dec.
petroleum gas plants,
were
Barnes—
Inc.
Mr. Wheeler was a co-founder of
Toohey joined D. B. Scully Syrup Co.,
became Vice-President and General Manager
1921.
warehouse
__
at
common
AND
$
Wheeler
of
Industries,
in
Barnes
$
3,1611,582
...
$84,058
the
was
the firm
of
Louis,
St.
Roos,
&
President
Minneapolis,
of
1947
__.
13,452,874 shs.
securities
interests in
Commonwealth & Southern
William Toohey,
of
Chicago, as President of Wheeler
Minneapolis syrup and preserve manufacturers, a sub-
and
225.965,363
banks
in
debt
110
aggregated
vacancies.-
fill
and
$
Cash
have
Minority
subsidiaries
The System is an
miles
in¬
1949
7,
President of St. Louis Union Trust Co., St.
1948
Property and plant.
Deposit 'with trustees..—
20,000,000
77,500,000
45,000,000
30,000,000 shs.
corporation
Minority stockholders int.
Net
Dividends declared
$16,000,000
Electric
Operating
$7,646,496
,
March
position.
Calhoun,
the
to
New
1,412,257
1,147,450
.___
deductions...,
on
12 by amendment of the company's
Wagner,
Interest,
held
meeting
a
11 to
Skinner,
William
R.cnard
Net
C.
Barnes
_X—$61,343,019 $53,049,983
Directors
Chairman of the Board of Juice Industries,
newly acquired subsidiary, was elected to the board to fill the
and
Mo.,
Number of employees at year-
INCOME STATEMENT
of
membership from
B.
David
board,
CONSOLIDATED
revenues
its
newly created
end was 5,599, a year's increase of 986.
Operating
Operating
Board
The
creased
elected
$23,571,000.
were
Outstanding
$20,000,000
77,500,000
45,000,000
BUSINESS—Corporation, a public utility holding
organized in Delaware on Sept. 30, 1926, as Columbia
Corp.
In April, 1948, the name of the corporation
changed to The Columbia Gas System, inc.
&
7,000,000.
Clinton Industries, Inc.—Three New Directors—
Gross expenditures for expansion and
improvements were $33,246,000.
Total payroll and- cost of
employee benefits for both operating and
construc tion
of
HISTORY
connection
FINANCING
Authorized
1973_.
the
the
of
surplus
in
PRESENT
20,000,000
of
hands
net
raised from
stock and deben¬
*
by-laws.
for
the
involve
be
($2,000,000 due
debentures
and
will
must
System distributes and sells natural gas in 1,21$.
approximately 1,030,000 residential, commercial and
industrial customers.
Gas is also sold at wholesale to other public
utilities which,
in turn, sell it to their residential, commercial and
industrial customers numbering approximately 800,000.
The popula¬
tion of the total area
thus served
by the System is approximately
.
Cleveland Electric Illuminating Co.—New Records At¬
tained in 1948—In 1948 company supplied more electric¬
TO
f
•
debentures
communities
'
-
EFFECT
debentures due
businesses
may
as
GIVING
3V8 %
New
the
t
$8,500,000
thereunder except
be outstanding
new
of
The operations of Columbia Gas System are conducted through sub¬
sidiary operating companies.
These companies or their predecessors
have generally been. engaged in the gas utility business and related
.■;-
contained
Sept.
14
'
Gas
254,989 shs.
$2,769,476 shs.
of
amount
the
program.
1, 1947 to 1956)
debentures due 1971—.
in
property additions and under restrictions and
therein, without limit as to the aggre¬
of
may
provided by law.';XX'.'X";.
tUnder
on
basis
conditions
principal
further
a
of
funds
general
$24,400,000
Sept.
Subsidiaries
mortgage without restrictions.
Such mortgage
from time to time of additional bonds there¬
such
issuance
gate amount which
to
for
outstanding
under
additional
an
Common stock"(no par).
1970, and the first mortgage
series due
that
3>/4%
.
dated
permits
upon
3%
1949
serial
each
due 1982, have been issued under a mortgage and
July 1, 1940.
In addition to the $70,000,000 of
series
the
by the corporation of additional common
in order to provide lire remaining funds required
17h%
;
(no.par)"——.—5,000,000 shs,
*First mortgage bonds(
distribution
to
of Columbia Gas System which
presently estimated at $61,958,000.
Columbia
'• X. .,-'■% -'X
stock
added
be
were
>
509,000 shs.
.
,$4-.50 series
will
in
CAPITALIZATION,
20,000,000
5,000,000
*
$25,000,000
1982—_______...
proceeds
estimated
the
was
banks..
the New York Stock Exchange
on
sufficient
is
net proceeds of approximately $11,725,000 realized
October, 1948, of 1,223.000 shares of common stock.
funds will be' used in connection with the 1949 con¬
as
sale
company,
"
$50,000,000
1982—X'XX %X'X'':'
_—
series due
there
sale
tures,
series due 1970—
First' mtge. bonds, 3%
is
with
Outstanding
Authorized
the
expenditures
X
FINANCING
PRESENT
TO
;XX X'-'/- ..XX'.' X;. X
provided
Such
general
struction
program
>
First mtge. bonds, 3''
made
corporation,
general corporate purposes.
the basis of present construction
CAPITALIZATION,
x
be
PURPOSE—Net
stock
common
will
debentures.
banks.
agreement
City & Suburban Homes Co.—To List Stock—
thorized
apply
.
to
conditions and prices,
arid
past and estimated future equipment deliveries and prices and
without any further financing, the company estimates that the net
proceeds of the new common stock will have been expended under the
construction
budget
sometime
during
the
third quarter
of
1949.
Accordingly, luruter peimanent financing will be necessary to com¬
plete the projects covered by the present construction budget.
The
time
and
method of
such
financing will depend upon the rate of
construction, cost levels, securities market conditions and other re¬
lated factors.
Interim temporary financing may be effected by further
use
of the $25,000,000 bank credit arranged by the company with
bonds,
in
to
,
smck
■
,
(Ariz.), La Junta (Colo.) and Bangor (Me.) divisions
satisfactory; that its Kingman (Ariz.) and Wallace (Ida.) and
Park
(Wash.) electric operations showed appreciable progress;
operations
portions
lor
However,
Nogales
water
intends
■'
1
portion
used
Common
its
7'
'
.
uonun'on
new
unused
be
Commission
in
a
decision
handed down
on
Nov.
30,
he also advised
that Citizens
Utilities
Co.
is
appealing this
decision to-the Vermont
Supreme Court.
' J
! v
;Mr.: Rosenthal also stated that the company's- gas operation's ■./in-1 its
1948.
,
•
of the present construction budget, aggregated
at
Dec.
31,
1948,
approximately $87,480,000, and comprise projects
already under construction, or scheduled to be initiated during 1949
and
which will be paid lor over the next several years.
Available
liquid assets in excess of working capital requirements were used to
linance property additions until such excess was exhausted.
Currently,
property additions are being linanced in part by proceeds of current
operations and in part by borrowings under the credit agreement, and
the balance of ime net proceeds oi uie new common siouk will' oe re¬
quired to finance completed, current and proposed property additions.
1946
__
the
oi
$2,574,206
51,141
before
(Cr)
V
.
PURPOSE—Company
sale
,$2,897,930
deductions
and
that time.
to
during the 12 months commencing March 1, 1949, and at
decreasing "regular redemption prices" thereafter, and (li) if re¬
by the operation of the sinking fund, at 100.65% during the 12
months commencing March 1,
1953, and at decreasing "sinking fund
redemption prices" thereafter, in each case with accrued interest.'
(EST) on April 5, and
by one of the agents
■
; ' ■
X"';.
offer will expire at 3 p.m.
payments must be received
subscription
warrants
$3,319,464
/___
deductions
revenues
The
the
prior
7
deemed
Central Hanover Bank & Trust Co., New York.
Cleveland and
(1223)
104.35%
as its agents
City Bank of
The company has appointed the following banks to act
in. connection with the subscription offer: The National
unexpended
more
The corporation now has
outstanding $50,000,000 of $4 cumulative
preference stock, having sold 300,000 shares at $100 a share, for a
total
CHRONICLE
FINANCIAL
&
to.$5,000,000, and the balance to finance completed, current and pro¬
posed property additions. < The property additions, represented by the
in¬
proceeds
the
corporation
the
$168,000,000.
Operating
Operating
COMMERCIAL
THE
4787
Of
tric
for
the
ratably
ratable
retire
the
retirement
entire
will
be
issue
a
very
$340,,000,000 program, $292,000,000 will be required for elec¬
transmission and distribution facilities; $31,000,000
generating,
8
(1224)
for
the
construction
sidiaries;
of
storage and distribution facilities
gas
and $17,000,000
for
general
by sub¬
plant.
The
$340,00o,uuo 01 estimated expenditures during the next four
years,
together with expenditures alieady made in 1946, 1947 and
1946, will make a total postwar construction program of more than
$500,000,000.
This program is designed to enable the companies to
meet the very
large growth in demand for service in the area served
and to restore
depleted reserve electric generating capacity.—V. 169,
1111.
p.
COMMERCIAL
THE
Connecticut Power Co.—Partial Redemptionhave
been
called
redemption
for
%.\
904.
p.
issue
April
on
1,
1'
!
Consolidated Edison Co. of New York, Inc.—Output—
company
March
on
announced
16
that
(electric.ty generated and purchased)
of elec¬
output
system
0.6%.—V.
for
4.6%. Local distribu¬
compared with 209,corresponding week of last year, an increase of
the
169, p.
1111.
Consolidated Retail Stores, Inc.—February Sales—
Period End. Feb. 28—
Sales
$2,349,443
$4,432,576
$4,609,907
$2,296,454
Consolidated Textile Co., Inc.—Earnings—
1949
Earnings
per
"After
$1,358,235
Federal
546,174
503,102
$0.51
income
taxes
directors
shares
on
the
Match
583,102
503,102
$2.87
$0.62
,
charges,
etc.
28.
A
March
on
capital
declared
16
stock,
distribution
payable
of
April
cents
30
of
dividend
a
share
per
per
1%
will
the
on
was
.
„
high,
new
to
of
for
1948,
by this company
employees and customers.
dividends
was
$11,144,426,
share
per
the
on
below
number
average
1948
available
Net
4%
and a
report
1947,
annual
over
the
in
about
or
10%
up
recorded
were
stockholders,
Earnings
$86,740,218
of
for
common
of
common
1947.
income
.totaling
including
Whiting.
R.
$48,000,000, the largest in the company's
26% Increase in electric generating capacity;
over
and
which
possible to meet the all-time h'gh demand of more than
kilowatts on the company's state-wide interconnected electric
made it
805,000
system.
-
The
also
program
included
of
furtherance
sub¬
a
sidiary
company's project of storing natural gas
from the
TexasOklahoma-Kansas fields in Michingan gas fields during periods of
lower customer
The
consumption, for
repoit
than
shows
$153,000,000
ments
in
the
use in winter months of peak demand.
Consumers
Power
Co.
has
invested
more
that
in
past
expenditures
gross
10
of
years,
for
which
and
additions
$124,000,000
is
improve¬
electric
for
purposes.
The
necessity for
schedules
rates
cited
was
and
general upward revision
a
?by.
increased
and
of
Electric sales exceeded 3,600,000,000 kilowatt
hours,
sales were more than 20.400,000.000 cu.
Gas
ft.,
net
the
gain
total
to
of
27,576
603,276.
electric
About
customers
5,000
gas
rate
total
exceeding 98.000, the largest
utility company in the United States.
The
Consumers
munities
in
of
an
A
for
Amortization
Gross
of
premium
Other
7,615,333
1,152,909 f
)
$1,572,187
debt
and
debt
thorized
be
Balance
4,154,686
3,707,672
7,342,639
8,085,729
36,155
434,477
443,023
65,339
48,280
717,234
298,090
pld.
stock
$1,424,711 $13,876,720 $14,031,047
230,753
205,420,
——A—$959,058
169,
2,992,525
has
other
the
Commission
issued
Stock
of
exceed
15,000
and
500,500
Crown Zellerbach Corp.
No
shares.
with
the
purchase
and
All
1949
capital
V.
in
borne by
discounts
this
under
March
on
stock,
169,
'
f
the
15
V
'
$20, from
par
outward
Other
returns,
freight,
operating
Dividends
ferred
on
discouhts,
Fibreboard
351,698
pre¬
130.352,439 114,953,807
r~~ 711
s Id—
Depreciation
and
Interest
of
Loss
loons
inventories
and
Income,
S.
before
and
Income,
Fed.
taxes-
utility
from
income
—V.
169,
p.
for
260,189
156,453
15,828,419
16,416,918
15,429,926
4,910,334
5,469,205
:
10,947,713
8,204,328
on
2,743,385
3,366,029
$1.56
$1.56
$1.57
(based on 6,997,-
8,874^955
16,621,423
period
___
will
New
chase
of
To Place
—
157,911
Co.—Pays $13,000,000 Wage Dividend
it
is
1947.
14,
due
But
dividend
wage
increased
to
with
50,000
This
dividend will
compares
dividend of approxi¬
employees in the *
rate is the
wages and salaries the
wage
a
about
to
announced.
wage
It
14 distributed
March
on
the largest ever
be
paid
$11,600,000
distributed
hemi¬
to- western
year ago.
March
on
brought
14
Kodak
32,000
plants
and
people
total
the
distribution
since
the
bases its
stock
Y., where most of
offices are located, will '
Rochester,
in
administrative
its
$9,000,000—about
70%
total.
the
of
declared
the cash dividend
dividend on
wage
N.
during the past year and on individual earnings
five-year
no
period.
effect
a
wage
on
employees
It
is
the five-year
paid
its
period
Eastman
Tenox
to
addition
in
$22.50
and
wages
through
1944
at
Kodak
the
ljeeent
earned
$1,000
1948.
each
for
Distributor—
Kingsport,
Corp.,
Wilson & Geo.
Tenn.,
Meyer &
Co.
as
announces
West Coast distributors '
edible fats and
products, antioxidants for
handling
regular
to
rates.
received
oils.
addi-'
In
this firm, wihch has offices
and Seattle, will continue to
represent Tennessee Eastman Corp. in the sale of Eastiiian industrial
chemicals.
Wilson & Geo. Meyer & Co. are also Western sales repre¬
sentatives
for Tenite,
Tennessee Eastman's cellulose ester plastics.—
thcrnew
antioxidants,
San
Francisco, Los Angeles,
169,
V.
pp.
Portland,
and
1006
497.
Easy Washing Machine Corp.—Div. Action Deferred—
The
directors
25
In
in
due
the
1948,
cents
March
on
the dividends
stocks.
each
1254.
at
deferred
17
this time
company
of
the
on
paid
last
25
three
until
their June meeting
class A and class B
the
cents
each
action
common
plus extras
pp. 2541 and
quarter,
quarters.—V.
1G8.
'
-
.
See Jos.
Schlitz Brewing Co. below,—V.
of
common
Net
shares
103, p. 384.
319,949
307.215
307,215
$2.19
*
1.
—*
$2.18
$2.16
deducting preferred
for
1948
than
more
Foreign sales
for
which
are
Domestic
in
of
the
to
expected
of
sheet
assets
Included
168,
totaling
sales increased
the
$15,860,531,
14%
figure
be eliminated
and
as
current
$550,000
are
the
with
at the
company
$6,082,763
latter
agreement
an
high,
new
1947.
over
Utility
oper.
result
a
close of 1948
liabilities of
cf notes pay¬
of
proposed new
Massachusetts
Mutual
3,419,406
taxes.—
36,317
36,000
628,517
480,000
income-
$71,940
$83,642
$1,319,368
$1,260,137
Life
Income
Net
$873,579 for
month
the
same
E.
Koch
and
stockholder's
4,551
-40.811
29,389
$88,193
$1,360,180
167,204
$1/289,526
$74,922- $1,192,976
$1,098,262
dividend
Preferred
January,
month
$1,073,693 $10,663,491
amounted
1943
last
Kenneth
meeting
$68,242
year.—V,
L.
Braun
held
were
March
on
6
67,500
requirements-
/,501
applicable to common stock and surp.
$1,125,476
$1,030,761
shares)-,————
$2.95
$2.70
p.
(381,994
share
per
—V.
169,
191,264
377.
1949—7 Mos.—1948
1949—Month—1948
of
13,270
5,999
deductions——
income—.—
Earnings
Corp.—February Salejs Increased 6%—
$1,137,935
the
2,302
$74,241
*
1692.^
p.
Period End. Feb. 28—
annual
$5,367,291
301,020
income
Gross
Balance
Sales for
$4,800,679
3,060,542
$420,662
331,139
.
(net)——
income
Other
1948—12 Mos.—1947
$441,396
Oper. rev. deductions—_
■%%'
"
$56,625.
of
a
1948—Month—1947
revenues
2%.
balance
current
dividends
reached
1947.
increased
consolidated
total
again
Co.—Earnings—
Period End. Dec. 31-
Operating
Federal income
sales
shows
$14,260,096 $12,575,436
671,086
"663,342
700,396
taxes—
share
per
11%
and
El Paso Electric
169,
.
Electric & Musical Industries, Ltd.
$8,839,672
against
to $983,169,
elected
8.—V.
To Create New
Stock—
Preference
>
904.
p.
Disticraft, Inc., Chicago, 111.—Directors Elected—
14,170 634
1,371,298
118,434
March
on
the
appointment of
1946
1947
$15,860,531
chgs.
after
creating 1.000,000 new
£1 preference shares by converting 2,000,000 unissued shares of
10spar; redeeming presently outstanding 6%
cumulative redeemable pre¬
ference stock and creating a new issue of 4%%
cumulative redeemable
preference shares.—V. 168, p. 544...
directors
168,
p.
at
the
1253.
stockholders
on
April
1
will
consider
107.
Eastern
Bids
1948
sales
profit
No.
Earnings
—
146,193
16,445,968
$1,564,582
1.371.300
—
.
Privately—
14,316,827
175,455
than
about
The
prin¬
15,405
(George) Ehrel, Inc., Brooklyn, N. Y.—Acquired—
Dewey & Almy Chemical Co.
Loan
Diana Stores
9,588,404
54
94.572
paid
Unit Appoints Tenox
of
23,191 782
income
83,985
$1,560,495
—
paid—
for
of
payment
during
7,633,560
2,522,708
172,365
226,008
$1,758,598
47,617
1
%
904.
p.
under
437i258
$1,522,357
236,241
94,325
Kodak
that
Eligible
10,999,589
8,395,377
:
Co.—V.
Dallas Power & Light Co.—Bids for Purchase of Bonds
St.,
15,273,472
10,918,085
Balance
financing
26,209,827
1947
255,605
Light Co
4,430,336
1_
income
Insurance
1 265 893
income
011
the
lias
$
16,156,729
.
income
'557!o33
expenses
income
011
taxes
taxes
over
28,'47
$
15,544,204
opers.
dividends paid or dsclared
Carl
income
Feb.
284,215
3,231,868
floods
El.
376.
Tennessee
income
able
„
Minority stockholders' equity in earnings,
cipally Pacifi: Mills, Ltd._
Net
Feb. 29/ 43
'
taxes)
inc.
Sales
taxes
Canadian
afte'*
ACCOUNT
in
310,562
322,086
River
ONLY
1948
__
company's
tion
3,779,553
reconditioning
ASSOCIATION
15,349
The company
on
the common
4,852,000
share
shares)
194,016
$1,639,476
taxes
company.
receive
3,888,,000
10,068 582
:
resulting from th° Columbia
Miscellaneous expenses (net)
U.
the
15,000,000
5,464 ,000
169,
HOLDING
River
hemisphere,
More
lor
inc. per
157,335
45
amount
The
328,464
—V.
$1,833,492
plan was started to approximately $103,000,000.
the
increase
9,104,705
Net
236,241
$1,844,370
$1,462,226
$13,000,000
the
by
9,215,,068
Net
$1,597,252
255,605
.
OF
dividends
p.
as
total
10,351 ,431
Cash
—
$1,717,830
dividends
western
same
S
—
income
corporate
$1,597,252
$1,588,765
;
1
Eastman
7,420,000
estimated
above)
income
169,
429,,080
than
$1,588,765
A
(as
The corporation
paid in con¬
to
23,328
—
mately
~
'■$
adjustments
$2,385,878.
—
bank
on
—V.
801.
proposal
Feb. 28/'49
,
77,506,169
amortization.
Depletion
U.
—
Convertible
and
up
77,652
23,334
$1,687,035
Common
approved
as
10.000,000 shares to
INCOME
utility opers._
86,186,710
11,840,550
expenses
77,652
income
inccme
Net
sale
for
setting
be
to
p.
Gas
taxes
Interest
7,720, 000
or
Inc.
gooos
Operating
plan
Valley
Co
——-
Federal
429, 070
The
oI?talr
of
Total
8,320, 000
376 868
351.698
Products
_
requirements—Blackston
1
General
7,699,952
114,225 241
327 874
382,688
$1,698,231
Expenses
accuracy
49,058,240
"After
129,672,867
(net,)
Stock
Cost
the
10,253, 597
allowances,
etc
income
395,920
$1,689,751
•
repairs
from
539,139
$2,080,920 *
39,020
Fall
61,446, 442
Deductions
$2,085,671
$126,293
from
10,845, 659
Gross
$165,312
45,716
Dividends
71,586. 462
inc.
$1,541,780
588,253
subs
Maintenance
Balance,
$1,497,418
59,215
$138,563
EARNINGS
Operating expenses
for
$106,097
$184,278
from
93,736,834
Prov.
$138,292
Twelve Months Ended Dec. 31—
109,108, 916
(other
'
'
786,016
45,987
Dividends
122,540; 826
Taxes
769,280
Balance
offered
with
169,
a
\
,T
and
55,386
Expenses, taxes and interest
company.
approved
801)
p.
5
from
earns,
62,611
gross in¬
Nonsubsidiary
common
be
the
connection
stock.—V.
12 Months Ended—
Earned
of
will
commissions are
or
of
CONSOLIDATED
f.
.....
Net
1943
from
Electric
outstanding
expenses
issuance
stockholders
authorized
1948—12 Mos.—1947
$1,318,768 $15,489,913 $14,108,955
1,157,286
13,223,215
11,781,158
1,234,331
income—
Earnings of subs,
Detroit Edison Co.—Increase in Stock Voted—
shares., (see
(& Subs.)—Earnings—
1948—Month—1947
(net)
sphere employees a
The
Exchange,
Eastern Utilities Associates—
Exchange. The company presently plans to provide
the employees to purchase
in an amount not to
for
underwriting,
Net
(& Subs.)— Earnings-
Nine Months Ended Jan. 31—
net
499,500
stock
of
Calendar Years—
Sales,
considered
has
outstanding
shares
may
operating the plan will be
nection
formerly
were
•,
the New York Curb
on
$1,435,233
taxes—-
Applicable to E.
purposes.
employees
issued
stock
shares
j
'
(net)
div.
&
cash
presently
Cleveland
the
which the shares
upon
common
trading on
by
merger,
and
for
successor,
Applicable to minority interest—
2,465,192
$1,219,290 $10,884,194 $11,565,855
801.
p.
Pfd.
mortgage
stock purchased
by the
company in the open market for the purpose of sales to employees.
The company's stock is traded on the Detroit Stock Exchange and
430
—V.
for
listed
were
income
Net
so
a
that
or
which
a
a
cn
3G.226
expense
$1,23^,812
on
come
de¬
April 1,
be
to
267,524
$1,741,939 $17,736,323 $17,872,568
346,412
4,142,360
3.696,587
344 429
income
Dividends
and
"llat,"
in
approved
unissued
but
issued
Stock
of
r
income
Deducts,
A, due 2018, on surrender of
York Stock Exchange directs that
dealt
be
di e.,
deductions
Net
to
shares
(par $5) out of a total authorized capital of 1,000,000 common shares.
The
company
does not contemplate at present that any of the au¬
or
trust
Exchange,
to be listed
deductions—
oper.
Gross
series
The New
first
if they
company
Other
1,075/461
continue
revenues
income
Utility
interest of 4Va%
of
42,309,514
300,000
Exchange,
preferred
the
1949,
the
'-V/■/„>......%
Other income
completeness of the statements in this communication.
or
acquisition
8,339,333t
25,000
taxes—j
long-term
payment
a
ideprec.) reserveAmortiz. of franchises & electric pit.
49,190,782
,v: 688,083
;
25,000
—)
1
Approp. to retire,
801.
p.
1949—12 Mos.—1948
4,199,724
770,416
income
en
Amortiz.
169,
ACCOUNT
plant
taxes
the
plan has been
Commission
5,
Stock
168, p. 1693.
Federal
by the directors whereby the company's
desire, buy shares of the capital stock of
or time-payment basis.
Because this offering of stock to employees is believed to be exempt
from registration, it has not been registered with the Securities and
Exchange Commission;
but such
exemption,
if available, does not
indicate that the stock has been
either approved or disapproved by
single
any
$7,807,655 $87,063,765 $79,858,342
4,688,137
adjusts,—
Federal income
Int.
es
of
acquisition
General
INCOME
$8,131,202
l/—"
depreciation—
expsn
by
for
1
Operating
Oper. rev.
Cleveland Navigation Co.—T.o Purchase Its
may,
of
Eastern Utilities Associates
the
this company on either
bringing
connected
were
served
1949—Month—1948
revenue
Operating
bonds,
continue
on
Detroit &
Gross
approximately 2,250,000. See also V,
COMPARATIVE
Prov.
number
1948,
Company serves over 1,300 Michigan com¬
exceeding 24,000 square miles and with a popu¬
Period End. Jan. 31—
Grass
farms
in
Power
area
April
on
1949.
1,
gain.
1.9%
a
increase.
10.3%
a
made
was
additional
a
lation
—v.
Stock in Open Market for Sale to Employees—:
as a result of increased wage
materials and
supplies, insurance and
coal, of which the company used neatly 2,000,000 tons last year.
Applications for authority to make such fncreases are now before the
Michigan Public Service Commiss'on,
A
made
mortgage
of
sale. 1
for
construction
(A Trust)—Listing-
March
noon
interest
Philadelphia-Baltimore
The shares will
be
settlement. of Exchange contracts made beginning
must carry the April
l, 1950 and subsequent coupons.
office
finance
interest.
bonds
interest
Financing— V
under consideration
will
transaction.
beneficial
listed.
Whitirig
Mr.
costs
of electric
the
o'clock
12
of
Total
will
construction
will
issue
Sugar Associates
the Baltimore Stock
to
Payments
in
The
history,
a
bond
$1,000
per
be
due April
the
the
shares
outstand ng during the year amounted to $2.66.
The 1948 construction
program was reported by Justin
as
the
bonds, series A, will be paid
corporation 'in Denver, Colo., and at the United
States Trust
Co.
of
New
York, New York, N. Y.; interest on the
Denver & Salt Lake
income mortgage bonds is payable at the com¬
pany's office, at Bankers Trust Co., New York, N. Y., and at The
International
Trust
Co.,- Denver, Colo.;
and interest on the income
mortgage bonds, series A.
is payable at the company's office and
at the Bankers Trust Co., New York, N. Y.—V. 169, p. 1112.
at
stock
President,
also
income
employees
revenues
$10
of
contingent
There
of record
made on Jan.
Consumers Power Co.—1948 Gross Revenues Hit High
Gross
Effective
holders
to
11
cents
25
10, this year.
In 1948, the following dividends
were
paid: Jan. 7,
Apfil 9, July 9 and Oct. 11, 40 cents each in cash; and on July 19,
10% in stock.—V. 169, p. 204.
■ V./:
,
'
'
'Stock
arranging
shares
company
years,
payment
The
$311,565
$2.70
and
,:
10
The
pipeline
gas
Eastern
made on April 1, 1949
on
surrender
of
the
contingent interest
coupon
due April 1, 1949,
from
the
first
mortgage bonds,
series A, due 1993 and Denver &
Salt Lake income mortgage bonds, due 1993, both 3%
fixed interest
A
1949
1946
$1,445,660
Quarterly Payment Reduced from 30 Cents to 25 Cents
The
be
to
of
cost
interest
Denver & Rio Grande Western RR.—Interest
livery
1947
1948
$280,691
outstdg.
share—j;
net
a
reported, has plans
bonds.
Period End. Dec. 31—
these
profit
Capital shares
to
up
coupon
6 Mos. End. Feb. 26—
99.176,
■
and
169, p. 204.
"Net
of
received
the following proposals on
a
2V4% coupon: Halsey, Stuart & Co. Inc., 99.174; Harriman' Ripley &
Co.,
Inc.,
and Lehman Brothers
(jointly), 99.138; Harris,
Hall &
Co. (Inc.), 99.0725; Salomon Bros. & Hutzler, 99.07.—V.
169, p. 1112.
1949—2 Mos.—1948
1949—Month—1943
-
—V.
bid
a
for the week ended March
for the corresponding week of
1948, a decrease of
tion of electr.city amounted to 210,700.000 kwh.,
kwh.
on
is
$10,000,000
to the Oak Ridge atomic energy project. It is
thought that the bonds will be sold directly to institutional investors. •
White, Weld & Co; and F. S. Moseley & Co. of New York, Elder & Co. %
of Chattanooga and Equitable Securities
Corp. of Nashville, are said
Competing
bids cn
certificates maturing up to
15 years were:
Ilarriman Ripley & Co., Inc., and Lehman Brothers (jointly), 99.0553
for 2V2S; Harris, Hall & Co. (Inc.), 99.79 for 2%s; and Salomon Bros.
& Huizler, 99.63 for 2%s.
In response to its invitation for alternate bids ion certificates matur¬
1949 amounted to 217.700.000 kwh., compared with 228,100,000 kwh.
400,000
awarded
was
it
company,
about
natural
Associated in the offering were R. W. Pressprich &
Co.; A. G. Becker & Co. Inc.; Otis & Co.; Freeman & Co.;
McMaster Hutchinson & Co.; and Wm. E. Pollock &
ing
13,
of
ity.
2.62.
next, $24,000 of
first and general mortgage 3%%
series A bonds due Oct. 1, 1965,
at 102 and interest.
Payment w 11 be made at the Hartford Nat.onal
Bank
&
Trust
Co.,
trustee,
777 Main Street,
Hartford, Conn.—V.
tricity
East Tennessee Natural Gas Co.—Plans
The
Co. Inc.
There
The
Monday, March 21, 1949 *
cates, issued under the Philadelphia plan, were imme¬
diately reoffered subject to authorization by the ICC at
prices to yield from 1.40% to 2.80%, according to matur¬
The
169,
CHRONICLE
FINANCIAL
&
be
York
-e'<>;ved
6_ N.
$10,000,000
Y.,
by
the
up
first
to
company
noon
at
(CST)
mortgage bonds
Room
on
due
2033,
March
28,
1979.—V.
No.
for
169,
2
Rector
the pur¬
p.
1111.
Total
Depreciation
Delaware
Lackawanna
&
Western
RR.
—
Equipment
equipment trust certificates, due $126,000 semi-annually
Sept. 15, 1949 to March 15, 1964, inclusive. The certifi-
and
Jan, 31—
:
*'% '.
and
debt
taxes
1948
/
depletion—
discount-—
:
—_
$22,630,358
$20,077,065
5,359,955
^
„
—i—_
1948
4,542,176
5,581,871
income
income
for
Electric Power & Light
Associates—Earnings—
1,842,487
5,188,120
1,854,162
$9,846,045
consolidated
Provision
Interest
Trust Certificates Offered—Halsey, Stuart & Co. Inc. and
associates won the award March 16 of $3,780,000 21/2%
Gas & Fuel
12 Months Ended
1,108,729
Corp.—Weekly Input—
10,
1949/ the System input of
sub¬
71,765,000 kwh., „ajri increase
15.2%, over the corresponding week of last year.
ended
week
the
March
$8,442,607
1,108,727
For
sidiaries
of
this
of
corporation amounted to
9,488,000 kwh.,
—V.
169,
p.
or
1113.
Electrolux Corp.—Earnings—
Net
income
Dividend
requirements on"4'/2%
prior pref. stk.
Years Ended Dec. 31—
Net
Ealance
Earned
—V.
applicable to 6%
per
169,
p.
share of 6%
1112.
preferred stock
preferred
stock-;.
$8,737,318
$23.35
$7,333,878
$19.60
profit after taxes and charges-
Number
of
shares—a—^—
Earnings
per
—V.
p.
163,
share————•
2323.
1948
1947
1946
$4,173,937
$4,086,238
$3,167,656
1,230,500
l,230,5f0
1,230,500
$3.39
$3.32
-
$2.57
Volume
169
Number 4787
Elliott Co.—Sales and
sales
Net
income
Federal
i
-
before
income
taxes
1948
•
.
1947
<
taxes—
(est.)
profit
Dividends paid
on
No.
shares
of
-
common
Earnings
Grant
B.
preferred
$2,775,491
stock
The
share
$7.17
_
$3.99
the
cost
Total
current
total
Dec.
31,
earlier.
1948,
$4,776,520
the
close
surplus
Net
compared
Dec.
on
before.—V.
year
amounted
1948
of
$5,583,552.
$11,314,454
was
Earned
the
at
liabilities
168,
2323.
p.
"
at
of
$5.25
four
pansion
1
the
and
held
stockholders
up
to
$5
per
at
stock
common
Present
privilege
shares
of
GM
March
169,
(other
than
the
the
of
the
and
43%
Operating
Oper.
revenues
1948—Month—1947
$157,969
$1,894,988
1,737,274
56,662
Net
•
$101,052
Gross
inc.
To
$57,992
67,431
85,908
•$1,371
5,014
income
oper.
Nonoperating
(net)
5,569
$10,993
5,528
income
$3,643
$16,521
;
$168,483
461
35,446
$133,038
1,779
To
To
,
>:Net
income^
Earnings
>;
"Loss.—V.
$3,181
—,
capital
per
169,
$14,741
share_
Farnsworth Radio & Television Corp,
Statement Withdrawn—
The
Its
SEC
March
on
registration
posed
10
The
"On
Feb.
7.
International
1949,
registrant
the
Telephone
&
of
($1
arrangements
the
of
V.
securities
1113.
p.
is
with
appropriate
at
this
f
First National Stores
profit
Federal
and
time."
Inc.—Earnings—
,
taxes
Dec. 27/47
$2,442,911
$2,397,049
928,226
914,879
taxes
1.030,918
2,369,666
amounted
to
35%
its
report
declared,
capacity
productive
"General
set
forth
'
*
'
the
of
or
Y'
and
profit after Federal taxes
Common
shares
treasury
Earnings
V.
outstanding
(excl.
"_!
stock)
per common
168,
$1,547,342
Dec. 28/46
$1,514,685
had
tools
Total
(net)-
"The
about
share of
per
2,368
effect
28 1/2
464
9
other
need
818,569
$1.85
$1.81
and
As
before
were
inflation
(M. H.) Fishman Co., Inc.—February Sales Rose 11.1%
Period End. Feb. 28—
4
Sales
1949—Month—1949
$489,973
f
—V.
169,
amounted
"The
1949—2 Mos^—1948
$440,914
$936,359
the
of
General
war,
108.
p.
and
those
The company
registration
has filed
of
100,000
of
beneficial
in
of
Quarters Ended Jan. 31—
Net
sales
Net
profit
billed
No.
of common
tEarnings
per
Fed.
1946
1947
$6,289,338
$8,376,787
the
484,327
1,027,900
$0.9
$0.43
tAlter
preferred
rose,
requirements.
,
,
See
-
also
Motors
viding
business
in
the
three
new
28,
.
first
The
is
the
craft
.
J-47
jet
Electric
.Lynn,
Engines Shipped from
than
described
in
nine
months.
months
It
is
the Air Force
by
been
in
a
V.
169,
"the
as
and
in
Force
most
to
been
by
company's
reach
by
over
in
the
production
peak
'V;
General Motors
•
production
for
volume
Corp.
by
GM
about 10 cents for each $1
'
in
1948.
For
373.
>
V\"-Y
r-7Y-
dends
in
1948
of sales.
•
.
on
common
the
earned
preferred
were
$463,500,000,
<
the
risen
materials,
sharply
distribution
since
stocks,
costs
wage
the
have
have
V-
equivalent
7
income.
added
was
$223,000,000
be
principally
made
in
for
later
These
for
reserves,
from
and
years
amounts
Motors
the
dividends
as
.stockholders
represented
the
the
only
30%
a
to
reinvest
meant
that
were
substantial
a
GM
of
earnings
since
dividends of $4.50 per
increase
The
the
of' sales
been
have
the
over
of
the
Net
income
As
increased.
was
Net
in
of $3.46
1948 was
war,
expanding
due
below
to
both
the
of
prewar
margins
dividends
and
abnormally
for
high capital needs.
The
expenditures
and
working
plant
reinvestment
earnings."
INCOME
in
Y
the
'
♦
business
/
■
Y /
of
STATEMENT
FOR
rela¬
a
/ /■"■/:/
Y
CALENDAR
YEARS
income
———
of
Selling,
sales
and
general,
Interest
and
and
for:.
real
and
a
159,325,424
3,134,125
These
business
GM
expenses
manufacturing
on
and
foreign
income
preferred
have
and
taxes
capital
of
common
98,933,568
shares
of
Amount
tal
;
earned
and
in
$7,401,313
1948
and
in
Instruments
Corp.
share
of
established
were
by
interest
1947,
$5,610,948
flncluding
in
1947.
Record
The company,
which is a manufacturere of
clocks, watches and
timing devices, reported that consolidated net
sales totaled $34 600 324
largest in its history and more than double
the
any
sales
Net
•i ■
compared
income
with
the
for
$30,295,022
year
in
prewar
*The
vear
1947.
was
$3,291,838 compared with $2 047 808
in the previous
year.
The 1948 earnings were
equivalent to $8.47'per
share on 366,378 common
shares, giving effect to a 10% stock
declared
last
Arnold
J.
increased
the
be
for
such
items
cost, possible
basis
the
number
that
the
of
1947
existing
sales
1948
were
shares.
results
due
were
to
higher price levels.
In
appraising
stockholders that reservations
should
company has
based on
set
up no
special
reserves
greatly increased replacement
and
y
all-time
an
other
many
today.
set
generally
normal level
a
earnings
common
today's
depreciation
timepieces
reached
now
said
year, he told
fact that the
as
1948
for
mand
and
same
Inventory losses from price adjustments
contingencies
"While
the
the
the
for
dividend
comparable
a
on
Wilson, President,
production
results
made
for
On
year.
to $5.07 per share
equal
in
high,"
the
Mr.
United
and in the future
Wilson
States
will
said,
and
"the
de¬
Canada
probably follow
has
more
regular seasonal trends. Except in
spring-wound lines, stocks of time¬
pieces in the hands of jobbers and retailers are
again
adequate.
We
foreign markets there
have been
restrictions
unable
to
is still
a
pent-up demand for
products.
our
satisfy this demand, first, because
of
currency
against
importations from the United States and
Canada
and, second, because of the necessity for
making allocations in the
postwar period. In order to be fair to all of our
long-time
both
-
foreign, we have
percentage levels."
not
customers,
permitted export shipments to
sheet
the
year
domestic and
exceed
The
prewar
balance
at
the
end
■
,
of
showed
current
,
.
assets
of
$14,551,664 and current liabilities of $2,629,467. Net
working capital
of $11,922,197, represented an increase
of $1,542,905 since the
begin¬
ning of the year.
increased production,
a
long
the
period
future,
of
have
of
the
been
Mr.
years,
should
standby credit
need
provided
Wilson
arise,
$2,000,000 for
ASSETS
from
pointed
a
———
interest,
—_
commissions,
As
a
retained
over
protection
arranged
v
for
bank
a
:
•
y
INCOME ACCOUNT
—
Sales
Royalties,
earnings
out.
the company has
five-year period.
CONSOLIDATED
__Y™:
income
of
etc.-——_—
—
,—
eral
sales—__——
income
♦Federal
——
—
taxes)
Jan. 1, '49 Dec. 31, '47
$34,600,324 $30,295,022
106,795
,123,256
$34,707,119
23,242,657
490,935
!—
taxes
2,039,900
449,166
1,269,526
711,570
^
722,231
—.—
287,991,373
12,928,310
275,063,063
$30,418,278
21,419,390
4,520,818
4,919,558
——
Canadian income
and
Depreciation
profit
Preferred
Common
43,978,897
44,058,790
capi$9.72
_
amounted
dividends
to
.
,
$6,402,577
received
of
.
in
Common div.
$6.24
1948
$4,642,335
Y
..
'
—
dividends
dividends
tEarnings
Y
or
corporation in
1948, according to the annual report released
on Mar. 15.
13,133,961
stock
received
11,
this
29,112,475
266,014,032
12,928,315
common
common
com¬
1113.''
p.
Reports
—
Selling, advertis.,_ gen. and admin, exps., etc.—
Local, State and Federal taxes (other than Fed¬
" 427,519,409
stock
;
and
Time
Cost
440,447,724
;
.stock
♦Dividends
:
per
880,000 Shares
.
84,139,360
360,970,251
stocks
capital
—
higher costs have necessitated
GM products represent outstanding
on
of
Corp.—See latter
24,340,604
•
Average number
outstanding
York
Earnings in 1948—New high records for sales
earnings
Total
restrictions- exist
and
earned
New
the week ended March
kwh., an increase of 5,265 918 kwh
the corresponding week of last
year.—V.
over
General
Net
Amount
the
Y"
Y,
profits
income
Dividends
:
report stated:
other
result,
Net
of
•
Corp.—Listing Application
48,927,690
exchange
Employees bonus
foreign
-J.
Curb Exchange on
March 16 ap¬
listing
145.000- additional
shares of
50-cent
par
value
stock, which are issuable against
warrants.—V. 169, p. 205.
Sales and
estate,
?
unremitted
where
States
of
equipment
of
3,824,933
197,146,908
Y
Y YY-.Y
2%%
:Y,,YYYYY..Y'..yYY-& obsolescence
and
Deferment
United
on
notes
Depreciation
plants,
expense
discount
annually
y
-
Y
169,
4,738,172,268 3,829,940.600
3,564,271,498 2,987,089.850
charges-
admin,
of
prepaid
1975.
tions
3,134,125
amort,
promissory
Provision
operating
23,891,989
—
Total
Cost
to
Unusually large financial requirements necessary to continue
opera¬
since the war, arising
chiefly from the inflationary spiral and
1947
sales
tOther
1952
General Public Utilities Corp.—Sale
"In
———————————,4,701,770,340 3,815,159,163
♦Equity in earnings (net) of subs, not cons.
12,510,039
10,956,504
$287,991,-
prices for GM products.
However, GM prices continue to
favorably with those of competitors.
This is due not only to
efficiency as a manufacturer but also to'the stabilizing influence
of GM's long-term pricing policy.
war.
share
in
of
living
period.
end
the
average
cost,
1936-41
period since the
been
relatively low
needs,
capital
1 from
1113.
•The electric output of this
corporation for
amounted to 156,736,812
stockholders
57%
period.
during
entire
had
has
received
1936-941
average
has
business
1948
stock, after providing divi¬
equivalent to $6.24 per share of
was
rates
war.
in
CONSOLIDATED
compare
GM's
General
capital, have required
tively high proportion
to
increased
,
to
34,850,276
811,117,725
for
1949
by
During
common
stock.
of
its
and
cent
per
.
on
_
"Prices
this
provided
—
Governors
2.5%,
needs
of
payments
100,000 006
441,043i400
441,043,400
34,850,276
1,040,791,446
Y
business.
To
22 563 922
l'973'4l4
I83W4OO
Weekly Output Increased 3.5%—
years,
amounts
plan
that
for
increased
Payrolls amounted to $1,283,865,090
In its financial review of 1948 the
.
capital
—
1947, net sales totaled $3,815,159,163.
The .amount
percentage of
the
par)—.
par)
,
the
sharply rising costs and prices have affected General
earnings, capital requirements and dividends.
Dollar
sales
dollar profits have reached record levels.
However, profits as a
and
a
were at an all-time
high in terms
income represented a lower margin on
sales than prewar—9.4 cents per dollar of sales in 1948
as against an average of 11.5 cents in 1936-1941.
paid
of
Thus, during the
net
taxes
in
subs.)
of New York State Electric
& Gas
pany below.-
the
Motors7
about
The
of
1946-1948.
sale
earnings
which
less
than
fact
of
above
five
company
less
sales and net income
Total
its
minority holdings in other companies.
share
per
Y 69%
in
P.
dollars,
benefit
of
common
1948,
air-
General
plant
Sloan, Jr., Chairman of the board, state in
"their annual report to almost 434,000 stockholders.
Net
sales were $4,701,770,340 and net income was
$440,447,724,
equivalent, after deducting dividends on the preferred
stocks, to $9.72 per share of common stock. While both
of
for
are
Before
dividends.
preferred stock and long-term notes, pro¬
of $574,154,527.
In addition, $173,758,557 was accumu¬
received
The
Annual Report — A record
peacetime physical volume of production was achieved
by General Motors in 1948, C. E. Wilson, President, and
Alfred
period
the
Aug.
common
net income proved sufficient for thiswhen the volume of business was ex¬
expenditures for plant were heavy,
only 36%
three
'
YY/YY;
powerful
developed
that
'
have
Feb.
on
Y
taken
was
1007.'
p.
corporation
a
in
provide the total of $747,913,084 required for increased
capital
;Y-:Y/.•///'/fY- •■'"
portion
company's
year.
While G-E will continue to manufacture
all
parts for J-47
•engines built in Lynn, about 120 subcontractors throughout the coun¬
try
will
furnish
component
parts
for - the
Lockland-built
units.-^.
to
needs.'
year.
has
expected
the
"...Yv:YY:;" YY''1vY'. Y
Designed
production
and
ago
not
be
produced at
shipped to the Air
production."
has
it
to
Y'.-Y/,:..YY
Mass. for more than
new-Lockland
plant
The
,
is
engine
Co.,
to
out
provided
modest
a
9%>
of
30,363,340
met.
dividends
account
sale
"The
Jet engines
Ohio, plant were
announced.
paid
stock
1614 805
1^752,'094
63,809,307
22,238,627
1,973,414
183,564,400
100,000,000
bonus
169, p.
proved
by
1
aircraft
Locklancl,
it-
The
been
($10
General Plywood
since
years
10,855',962
9,562,795
2,218/759
,
more
seen
83 130 866
19,988,,528
,After
each
on
construction
clearly
OB^OOO'.OOO
2,957,769,607 2,472,969,238
purposes
(1948—131,751
shares;
1947—106 577
deducting
depreciation
and
obsolescence*
1948—
1947—$813,514,761.
t$l,920,000 to be
for
$903,407,654;
—V.
1920's,
past
total
a
on
employee
'
New Plant in Ohio—
Y
not
retained
the
from
stock
'
110,509,327
taxes,
(no par)
(no
'
29 000 000
96,000,000
miscellaneous
stock
3'232'o7R
'
profits
and
167,627,617
29,000,000
balance)
surplus
;
be
can
249 622 921
3,232 079
Total
day-to-day
sales averaging
Building
taxes
surplus
shares.
on
two-thirds
(unawarded
preferred
Capital
1948
in
realized
used
General Electric Co.—First Jet
of
the
and
business
>
V.
■
,
Common
receivables from
carry
about
war.
capital/ available
was
and
lated
dividend
169, p. 905.
rapidly
the
series
♦Held
and
income
204,656,418
195,246,038
364,705,326
ac-
benefit plans
preferred stock
Earned
capital in the
larger sums of
however, when net income averaged
$154,936,960 per*year, earnings reinvested
in the business averaged $117,051,509
per year, or 43%
of net income.
Thus, General Motors reinvested $351,154,527 of net income in the
Nil
share
in
income
^"During
*1,203,638
1,027,900
shares—
$3.75
the increase in these capital needs
Y YiYYYY Y
YY//YYP YY'Y'/f 'Y'Y'Y Y'Y'Y /
traditionally
average
$271,988,469
$7,148,311
126,538
1,027,900
income
common
loss.
♦Net
1949
——
taxes
„
after
net
an
Even
panding
fund.
the
Gar Wood Industries, Inc.—Earnings Declined in 1948
4
]
interest
1930's
purpose.
registration statement with the SEC seeking
a
shares
Contingencies
$5 series
Y
additional
sundry
preferred capital stocks
Notes:
Minority interest (preference
the
of
foreign
and
on
income
Unremitted foreign
Thus,
reinvesting in the business
the
Formula Fund of Boston—Registers With SEC—
r;
9 668 042
63i214i330
Deferred
Y/Y/vY;-*":/'"'/
of
profits
Motors
10,682,678
239,035,885
warranties,
Promissory
business.
.
with
cost
the
General
needs have
of
sources
722'996ioQ2
63,214,330
_______
Employees bonus
of buildings,
machinery and equip¬
required to carry out GM's -plant and
needs
provided.
markets
charges
—
retained
was
payrolls,
costs
on
$747,913,084/
only
security
$851,611
to
deferred
11,334,191
6,332,958
7,805,924
775,088,502
2,957,769,607 2,472,969,238
payable
Reserves—Employees
three-year
amortization
treasury—
bonus,
warranties, and miscellaneous.—
9/10
period of 1946-1948, additions to working
capital, required primarily by higher price levels, amounted to $311,450,711. Expenditures for real estate, plants, and equipment,
including
special tools, were $436,462,373 in excess of the amount of
depreciation
818,568
$1.89
in
Series A, maturing
Aug. 1, 1966
fSenes B maturing
Aug. 1, 1976Other
liabilities
Employees
4 1/2
4
stock
common
for
equipment
than
;/ 1945 and of' how these
39*,452',660
49,259,458
etc
CuU5doAemS and
States
2%%
2 1/10
211
required to
programs.
capital
this
patents,
Dividends payable
4/5
229
operations
the
war
dollars
of
and
expenses
129 458 916
*
27,857,190
plants, and equipment
United
50 l/5c
1,343
period, the report said:
doubled.
analysis of the
$1,482,170
818,569
Taxes,
$1.00
tt
:Y
—
capital • requirements
the
development
277'74l'o23
692!889!l91
134.962.066
LIABILITIES—
Received
$4,714
stockholders)—
business
1948
250 014 914
consol.
Per Dollar
99
postwar
and
in
not
269,867,011
_
stock
estate,
^
290,186.035
589,563,126
222,573.591
GM's
month compared
month in the
inventories had risen from $230,000,000 to $787,000,000
receivable from $90,000,000 to" $223,000,000.
rose,, more
"During
share
Prepaid
relative
companies
assets
capital
tNet real
example, with
with $135,000,000 per
average
/product
2323.
p.
Miscellaneous
1947
1947
^
786,576,707
in
subs,
investments
Other
39%
of
1948
-f.
(net)
Investments
obsolescence
per
period,
•■■/.
Y
■"
Inventories
the
39%
Motors
the
distribution
34!85o]276
Total
.1
".v,-
earned
of
Y"//: Y-Y ,;YY Y
...
-1—
United States Government
securities (at cost)
Accounts and notes receivable
Goodwill,
report
•
Net
of
V
ASSETS—
♦Common
the
dividends——
1,844,640
been
accounts
ment
Dec. 31/48
$2,494,422
"
Federal
$5.22
end
has
the
costs
947,080
before
the
"Machine
Quarter Ended—
of
the
increased
$400,000,000
on
Net
in
comparing
.•prewar
Y/:
'
sales
4 customers. 'Larger cash balances were
operations. : At the end of 1948,: for
Corp.
longer
no
.
great.
As volume and prices
money had to be provided to finance inventories
.
registrant's
169,
In
business
whereby funds have been
available to the
registrant, and whereby the assets and business
of
the
registrant may be taken over by International on or about
April 20.'1949.
In view of the
foregoing, the public offering
.
427,872
331,696
•'
"
■■
•
showed
of
811,117 725
Accounts
use
the
9,178,220
3,750,090
132,167,487
___
CONSOLIDATED BALANCE
SHEET, DEC. 31
period.
equipment—
(about 434,000
balance
"Since
made
.
truck
depreciation
for
956,213,522
3,750,095
197,845,088
Earned surplus at end of
year1,040,791,446
Capital surplus at beginning and end of
year
34,850,276
and
505,599
'
.
;
9,178,220
2,146.305
(in millions)
1936-1941 prewar
par).
:'"w^
concluded
Telegraph
stock
517,484
1,503,046
.1,864,067
and
owners
668,222,149
287,991,373
.
dividends—$5 series
dividends—=3.75 series—;
common
and Trucks
follows:
as
report
meet
y
common
1941
year
;GMC Trucks
1,628,821
the
—
United
the following division of GM's total 1948 taxes:
$360,970,251 was provided for United States and
foreign income taxes;
other taxes paid or
accrued, including state and local taxes and the
corporation's share of social security
taxes, amounted to $102,500,000,
a total of $463,500,000, or about 10 cents per dollar of sales.
to
granted the company permission to withdraw
(No. 7801)
filed last Jan. 13, which pro¬
offering of 270,000 shares
withdrawal application stated:
the
the
products."
in
811,117,725
440,447,724
1,251,565,449
___
Total
Preferred
addition, sales and excise taxes on products sold by the company
to
$230,300,000, bringing total taxes on GM products to
$693,800,000.
Y: Y'-'Y Y'-Y. YY
7;'Y"Y/Y
Dividends paid on the common stock for
1948 were $4.50 per share.
statement
public
a
only in
YEARS
1947
surplus at beginning of the year_
income
Preferred
In
Registration
—
exceeded
in
CALENDAR
1948
.
the
amounted
377.
p.
GM
The
r
prodof
Total Cars
for
plants
The
$2.01
:
proportion
GM plants
Received—
Retained
$133,229
Y
dollar
Net
Total
produced by
conditions,"
measure
its
Earned
com¬
non-automotive
greater
Chevrolet and
1936-1941
carried
provide
of
$143,900
10,671
$2.01
Deducts, from gross Inc.
and
a
suppliers, for materials, supplies, serv., etc.
employees, for payrolls, etc.-.
Fed., state and local governments for taxes
To
1,445,741
68,593
Cr2,278
for
a
FOR
9
products.
major part of total sales,
products and other income
Where It Went—
$1,572,326
141,407
included
non-automotive
parts
From sales of
12 Mos.—1947
181,264
the
represent
were
GMC
Y'-Y'/YY;" Y-;.v: Y",Y;-Y-/.
GM
;i
$178,515
——
deductions—
rev.,
"Federal income taxes—
and
SURPLUS
Y
,
replacement
in
the
not
for
To
1948
1948
CONSOLIDATED
1948."
sales
in
1948
were
40%
of
the
passenger
car
in 1947, and compare with
44% in the 1936-1941
as
existing
table
income
Fall River Gas Works Co.—Earnings—
Period End. Dec. 31—
in
are
demand
ex¬
,r
for
automotive
OF
of
sus¬
a
1948, compared with 32% in 1947, and with
1936-1941
period.
Combined
car
and
truck
sales
were
total industry's
sales in 1948, compared with 38%.
in
manage¬
802.
p.
1948
car
same
industry
in
offered
being
other
1,512,944
Chevrolet
truck
against
15, to purchase one share
Proceeds will be used for
share.
working capital.—V.
is
combination
SUMMARY
follows:
as
passenger
"Under
$1)
and
trucks
1936-1941
period.
.
(par
in
figure
and
(1225)
power
war.
——
A
shares
share.
per
had
ment)
each
5,000
The
buying
Cars
industry, the
Emery-Hill Stores Co., Greenville, S. C.—Stk. Offered
total
Canada
1941
sales
A
the
and
sales
buses
for
war
—
Average
$16,898,006
as
before
cars
total
replacement
the
1947
capital
on
$11,731,974 a year
$6,779,649
was
account
of
1948..
working
with
last
31
to
greater
the years.
over
the
Year—
1948,
assets
current
public's
Passenger
buildings, machinery and facili¬
working capital to finance increased
the report states, the company invested
$1,742,731 for improvements in buildings, machinery and facilities,
compared with $1,808,113 in 1947.
and
and
of
summarized
are
additional
of
the
locomotives, GM Diesel engines, Frigidaire
appliances
trucks
end
than
sales
States
additional
for
During
to
trucks,
Diesel
automotive
the
volume
that
cars,
GM
and
cars
Unit
.
production."
explained
as
household
since
total
Chairman, states that the board of directors of
company recognizes that the rate of dividends on the common
stock, amounting to $1.50 per share in 1948, may appear to be low in
relation to the earnings per share.
"However," he continued, "it was
deemed advisable in the long-range interests of the
company and of
the shareholders to
adopt a conservative dividend policy.
"Most of the 1948 income," he
pointed out, -"was reinvested in the
ties, and the need
relation
CHRONICLE
prices, a substantial flow of production and
products resulted in record dollar sales in
passenger
well
Delco
ucts
Shipley,
business due to
in
FINANCIAL
improved quality
of
bined sales of
the
•
of
as
While
99,583
328,079
.
of
level
report
sales
parts
$1,407,540
245,660
354,435
outstanding
common
per
:
—
terms
in
both
&
tained demand for GM
and
Net
measured
higher
a
$25,522,917 $26,662,446
27,315,597
19,241,118
4,855,491
2,332,540
2,080,000
925,000
—
„
income
values
Earnings Show Gain—
v
booked
Net
COMMERCIAL
and
Calendar Years—
Orders
THE
pay.
per
prior
record
Dec.
—
$3,291,838
—
—.—
Jan. 14, 1949 in stock (10% )
share
receivable for Federal income and
years—$20,100
366,378 shares
of
(cash)—
(cash)-
190,129
537,542
762,105
common
♦Less refunds
of
paid
paid
for
giving effect
14,
1948.
1948
to
and
stock
$2,047,808
188,732
616,499
,
$8.47
excess
$5.07
profits taxes
$230,474 for 1947.
tBased on
dividend payable to stockholders
.-
1,
.
.
-
10
(1226)
THE
CONSOLIDATED
ASSETS—
1 '
,
Cash
U.
"'
SHEET
BALANCE
7
Jan. 1, '49
6.
Govt,
.Inventories
cost
(at
tProperty,
advances
20,100
7,303,617
475,145
52,890
44,818
133,704
subs.—
investments, at cost———
;/
and trade-marks, at cost less amortiz.
Patents
Prepaid expenses
_____—
_____
Period End. Jan. 31—
stock
and
fund
March
sale
Paid-in
surplus
Earned
—
surplus
§Sinking fund
from Dec.
1933
30.
stock
for redemption of pfd.
Mich.—Stock
Offered—
Prov.
company's
field.
built
and
schedule
of
reached
for
allowance
doubtful
of
accounts
1,
Gross
$220,351
$8,299,946 at
Dec.
at
1949
October
middle
the
This
rapidly
boats
20
in
by
were
of
July,
of
model
the
by
at
popular
won
company,
established,
was
thoroughly
which time
was
1946,
promptly
received
week
per
and
purposes
company's
and
and
this
goal
Operating
—V.
1948
$61,910
____
be
$60,581
over
$486,732
revenue
Amortization
544,000
of
income
Gross
income
5,697,200
stock
1,800,000
3,710,720
$805,442 $10,918,765
of
Int.
long-term debt__
on
$9,655,855
3,948,771
3,597,890
Amortiz.-
debt
of
premium
income
Dividends
pfd.
on
stock
.
Cr9,717
Crll0,228
Cr8,398
Cr93,285
$7,173,507
2,676,064
2,676,064
—V, 169, p. 802.
;
:
$3,499,284
$4,497,443
$276,544
$641,411
Balance
and
winter
months.'
chain
:
-r
this
-
net
proceeds
liabilities
and
earnings
1948
1947
1946
$6,663,732
505,730
$0.66
443,623
$0.58
Earned
share
per
♦Includes
$0.61
•
_
Authorized
shares,
James Gerity, Jr., President, on Feb. 28,
the
in
a
has
and
company
Detroit
said:
special letter to stockholders dated Jan. 4, 1949,
discontinued manufacturing
die castings at the
sold some of the machinery and inventories to
Corp.
We have received 25,000 shares of that com¬
announced
As
plant
Doehler-Jarvis
pany's stock in payment for the machinery.
The inventories are
being paid for in cash as the audit and appraisal are completed.
audit
and
appraisal are still in progress and so it is not yet
possible to announce the full amount of the cash payment.
The
cash
From
already received, your company has paid off $300,000
$650,000 bank loan.
Some of the machinery not bought by
Doehler-Jarvis, or bought and subsequently resold to Geritv-Michigan
Corp., already has been moved to Adrian plants and put into opera¬
tion.
The
factory building which housed the Detroit plant,
and
which was not included in the Doehler-Jarvis agreement, was offered
of
a
for
sale
As
Jan.
on
14.
of
result
a
the
change,
the
capital require¬
already have
company's working
substantially reduced.
Inventories
been reduced approximately $300,000 —V. 169, p. 5.
ments
have
been
Rubber
Goodall
American
R.
J.
N, J.—Appoints South
Co., Trenton,
Goehrig,
G.
well
E.
Vice-President in
as
Alvarado,
full
a
products
line
of
industrial
of
of sales of
rubber
the
footwear
available for prompt delivery.—V.
are
and
163, p.
clothing.
*
Gross
to- be
are
used
for
payment; on
for
finance
Sales—
—V.
$4,383,583
169,
p.
205.
$3,702,276
1949—2 Mos.—1948
$9,585,943
831,786
5,819
income
■! next
687,569
•
5,560
75,649
Gross
35,000
88,214
80,738
2,387
36,484
28,959
$3,380
$11,388
595
$59,657
$36,638
1,986
24,145
33,516
/-
Operating
Prov.
for
of
acquisition
adjusts.__
—
Federal income taxes
Int.
on
:::}
income
of
premium
280,373
2,415,146
36,674
428,662
4,000
48,000
$11,983
93,255)
419,469
388,937
611,311
89,789
806,021
$1,248,677
5
$11,655
_________
18,233
14,035
192,862
169,203
71
203
1.775
2,454
8,123
1,280
34,117
28,574
$91,522
debt
and
/
Other deductions"
began business
Insurance
$5,360
Income
on
$89,037
$1,023,473
5,513
66,156
pfd.
Balance
stock
66,156
$86,009
$83,524
$957,317
$1,137,905
bond
for
approxi¬
the
*
proposals for underwriting the issue will
of investment banking firms.
be
groups
issue
issue;
expected
is
scheduled
for
to
carry
late
with
accordance
in
dividend,
4%
a
and
is
in
recent
the
is expected to be
requirements in similar
year,
F.P.C.
.
require
will
and
the
expansion
capital
now
to
finance
estimated
program,
at
its
extensive
$50,000,000
con¬
the
over
years. Of this amount, $22,000,000 will be spent this year.
in the $50,000,000 total is approx'mateiy $10,000,000 of new
has
.
been
than
larger
Bonneville
$83,802
$70,154
,
1,663
;
Year
private
any
Dam,
the
In
government
or
Pacific
project,
power
northwest,
Mr.
Roach
$82,139
..
Rapid Growth
re-
of
in
Iowa
27, 1919, under the name
Rapids, ; Iowa.
In
1923
expansion of its facilities, T. E. Roach, President, told
$69,510
stockholders in the company's 1948 annual report.
The
number
of
customers
served' increased 1% during .the
kilowatt-hour
able
Sept. 22, 1919, and
Inter-State Liability
exceeded
use
1947
by. 11%
reinsured
Illinois
the business
Casualty
companion
a
Co.,
the
of
Des Moines,
all
business
Iowa,
and
and
the
Springfield,
111.,
since early
company
of
of
as
assumed
the
July
Travelers
1,
assets
"As
to
/
had
been
operated
GIVING
engaged
in
the
EFFECT
TO
5%
stock
cum.
$2.50
($10
par)
stock
preferred
writing
$100)
(par
150,000
40,000
.
'■
•'
•,;
•
.
■
.
k
v.
Reconstruction
to
the
Finance
169,
p.
Corporation
loan
The
company.
working capital.—V.
is
to
has
approved
provide
the
a
for
York,
15-year 2%%
delivery in
National
Bank
Y.—V.
N.
169,
of
New
due Nov.
York,
1,
1962,
debentures
43
602.
p.
part
*
Period End. Dec. 31—
Gross
from
rev.
Operating
'
transp.
for
January,
tion
in
raised
expenses
____
/
1948—12 Mos.—1947
319,403
3,466,006
Rev.
3,943,648
rev.
from
transp.
$109,708
$90,905
other
than
transp.
4,092
2,890
oper.__
$113,800
$93,795
67,267
78,680
$743,599
44,325,
of
Net
rev.
from
,
Deductions
.
taxes-
$787,924
877,077
33,507
■
-"
■
token
TLoss.—V.
adjust—
169, p.
$13,749
t$89,153
$13,702
$46,429
but
of
throughout
the
year
1948 amounted to $2.77
outstanding, com¬
shares
all
permanent
demands
for
sections
type
of
service
the
its system,
on
the
within
growth
of
electricity
distribution.
and
"The
investment
business,"
equipment."
com¬
in
Roach
Mr.
new
serve
replace old
years
be
will
to
38,500
ready
new
stated,
-
kilowatts.
Two
more
power
for
kilowatts
25,000
operation by Dec. 1 with the
expected^ to be put on the line in
:-■■/
this
will
line
be
■..,■■■
stockholders.
the
all
-
commercial
and
'
-:
and
accounted
and
is
required to curtail
being
Valley
welcomes new homes,
industries,
of low-cost electric
farm
customers
•
customer
Snake River
establishments
supply
Scheduled for comple¬
Boise.
initially at 130,000 volts and
demands require.
service area of the company," Mr.
power
"No
contrary,
to
operated
shortage exists in the
on
commercial
of
phosphorous
Division
area's
due
with
the
assurance
power."
customers
for
75%
represent
of
total
than
last
revenues
/
••
more
•
to
largest
start
of
at
multi-million
a
Food
Machinery
industrial
operation
load
dollar
about June
1
plant of the
Chemical
&
center.
The
of
Corp.
first
this
unit
Westvaco
Pocatello,
plant
at
this
of
pear.
of irrigation farming in southeastern Idaho areas
expected to add substantially to the system's summer electric
load,
and
air
conditioning of important potato and onion storage
cellars affords promise of adding considerable desirable and profitable
v
expansion
is
off-season
"We
377.
during
However, the company's industrial load is expanding. The company
recently contracted to supply power for electric furnace production of
is
8146,053
$3,798
or
two
past
advised
ample
an
the
14,634
$35
and
capacity when system
Chemical
907,595
$46,533
revenue
common
system from American Falls
Rapid
♦Incl.
service
net earnings.for
700,000
on
service
renew
unit
power
served
Net
based
which
of
year.
$1,068,282
1,366
from
its
Residential,
$1,034,776
t
to
1950,
farms,
$4,978,424
289,630
adjustment,
of
the
to
service,
$4,209,605
Of these, 150,000
1950.
its
cross
Roach
$410,308
bonds
Cost
of gross
property additions last year was $15,305,463.
This
brought total property investment at the 1948 year-end to $72,543,677.
In
addition to the generating facilities now under way company
has started work on a new 230,000-volt trunk transmission line to
New
$399,338
the year-end.
retirement
largely required to
of
remaining
Ltd.—Earnings—
1948—Month—1947
mortgage
expansion program the company last year completed
plants at the Upper and Lower Malad sites, thus adding
kilowatts to its system operating capacity.
This brought addi¬
"No
Honolulu Rapid Transit Co.,
new
preferred stock issued
$3.15 for each of the
power
kilowatts
~
;'////'
•'
tax
transmission
is
new
tions
avail¬
Place,
to
/' plants now are under construction, 65,000 kilowatts at Lower Salmon
to be ready Aug.
1 of this year, and 75,000 kilowatts at Bliss, 50,000
ThejChase
at
the
to
fast-growing
merely
22,000
.
with
now
are
Exchange
of
par)
in 1948 made substantial additions to all classes of its facilities-
As
two
/;
debentures
City
fulfill
"not
378.
exchange for temporary
the
of
in
had
due
share
classes
all
facilities
$1,050,000
company
gain
the
of
part of the overall financing completed last May.
the benefit of a reduction of approximately
as
reflecting
sound and
territory," Mr. Roach said.
pany
Hay ward-Schuster Woolen Mills, Inc., East Douglass,
loan
this
production,
to
'"r;.
»
cf
To
provide company with additional capital and surplus
improve
the
relationship
of
policyholders'
surplus
(capital and surplus) to its unearned premium reserve and thus to
enable it to maintain its
position in the casualty insurance industry.
—V. 169, p. 602.
which
shares outstanding at
1948
taxes
common
out
PURPOSE—To
with
($100
amounted
1948
area,
$325,000
100,000
——
third
a
pared with $2.59 earned in 1947 for each of the 550,000 common shares
outstanding at the end of that year.
"The increase in business in 1948 was substantially uniform through¬
Outstdg.
150,000
$10)
than
generating equipment replaced with new facilities of greater capacto meet the company's growing load requirements.
Excluding the
per
com¬
,
(par
ity
for
in
$267,000
of
-
FINANCING
Authorized
$500,000
preferred stock
cum.
of
workmen's
PRESENT
//'/ >// //■
Common
and
,
increase in costs was trace¬
of business done.
The effi¬
$10,000,000
on
shares
10,000
on
issued
were
Earnings
effect
business
liability
general
<
.
said, "earnings continued to be adequate
securities of the company, including those
a reasonable margin for additions to earned
interest
for
dividends
700,000 common
shares
-•
Utah.
The
company
is
principally
fidelity, surety, automobile and
pensation classes of insurance.
greatest
Roach
Mr.
outstanding
during the year, earnings for
Illinois, Missouri, Michigan, Nebraska, Kansas, South Dakota, Wyoming,
and
all
allowing
for
and
as
During the
period
of
company's
existence
it
has
expanded
its
operations beyond the territorial limits of the state so
that a's
of
this date company
is. authorized to transact business in 20 states.
Its principal writings are
confined, however, to the States of Iowa,
Colorado
result,"
a
service
After
the
1941.
which
the
was
property retirement re¬
and
volume
greater
during the year, with
surplus."
company
liabilities of
considerably
issued
Mutual
the
1942,
and
the
This
year.
dropped from .38%
was
all*
reinsured
company
to
year,
and revenues, at $11,166,586,
ciency of operations is shown by. the fact that the operating ratio—
the
proportion of operating expenses, excluding taxes, to revenuesin 1947) to 34% for 1948.
-
Rock
the
present title,
adopted.
In 1939 the company reinsured the United Automobile Insurance Co.
of Grand Rapids, Mich.
It acquired the entire assets and assumed
liabilities of the company.
In the same manner in May,
1940, the
Casualty Co.,
Operating Ratio
—
Dropped 4%—The year 1948 was one of continued rapid
growth for the company, both in its business and in the
644
v-
1948. Showed
metallic
—V. 169, p. 905.
calls
year
bonds,
issue,
10.
preferred
including
$1,204,061
5,513
in
and 200,000 common
President, disclosed March 15. The company exFederal Power Commission within 30 days on
wh.ch is scheduled to be offered to the public
Roach,
stock
&
incorporated
was
Oct.
on
Co.
Est. "income
Net
Dividends
this
company
$12,000,000
(par $100)
plant, for which application is pending before the Federal Power
'
'?■/,/
: /1:;
'
*
;;
1943 to expand and
charge its facilities to keep pace with the ever-increasing demand foxelectric service. Company's growth of peak load from prewar years to
1948
disc.,
expense
the
and
The company already has spent $28,000,000 since
Casualty Co., Des Moines, Iowa—Preferred
Hawkeye Casualty Co.,
Net
$1,399,384
E.
May
five
98%
$104,150
by
$10,000,000
■
$5,366
327
+
HISTORY—Company
/"
48,000
between
were
15%
higher than in the preceding
Cownie, Inc. and Shaw-Mcyear-to-year gain on record.
Dermott & Co., Des Moines, Iowa, are offering 4,000
./,
Increases in operating expenses, taxes
shares cumulative dividends preferred stock (par $10)"
serve
appropriations absorbed little more
at $50 per share. The stock is retireable at $50 per share.
/gross revenues.
A sizable portion of this
366,674
4.000
planned
financing
of
Commission.
2,365,593
40,000
$101,704
long-term debt__
Amortiz.
$5,374,609
plant
General taxes
Gross
—
$5,171,264
187,310
expenses
depreciation
Amortization
$518,453
.
power
z?
Heyden Chemical Corp.—Definitive Debentures Ready
$422,804
revenue
$1,002,983
tExclusive
Included
68,120
36,217
7,688
-
5,841
Offered—Becker
Definitive
1949—12 Mos.—1948
$949,039
——
-
——J——_
struction
$937,023
2,917
3,333
7,949
Hawkeye
able
1949—Month—1948
$1,025,207
accruing full interest on all bonded indebtedness.
on adjustment income bonds.—V. 169, p. 206.
Company
1949—12 Mos —1948
83,618
accruals
income
Stock
'/
Period End. Jan. 31—
1,089,315
T.
The
$7,495,071
Gulf Power Co.— -Earnings—
1,087,700
competitive,
/situations.,
169, p. 803.'
The
1949—Month—1948
1.042,450
.
"tentatively scheduled to be offered this Fall, ' although details are not
yet decided.
*'
raw
Mass.—RFC Loan—
Grayson-Robinson Stores, Inc.—Feb. Sales Up 18.4%—
Period End. Feb. 28—
1,583,102
•'
/;
the
of
,
$1,128,006
Interest charges
All
2726.
1,576,260
bonds
inc.
hands
%iinvited from selected
46 shs.
$105,550
taxes
this company,
Pacific
1,580,215
adjustment
is: understood- that
It
105,843 shs.
73,566
CAPITALIZATION
charge
Vice-President
$1,669,434
$1,269,167
vealed.
Representative—
International
Corp.,
42
Broadway, New York, N. Y., recently jointly announced
that Pacific International has been appointed exclusive representative
for the sale of Goodall products in the following countries of South
America:
Argentina, Bolivia, Brazil, Chile, Ecuador, Paraguay, Peru,
and
Uruguay.
The
Pacific
International
Corp.
operates
through
directly affiliated offices in Argentina, Chile, and Ecuador and has
agents throughout South America.
The Goodall company manufactures a complete line of mechanical
rubber
goods including belting, hose and packings of all types, as
and
$1,714,921
common
around
Outstanding
-I
/
$107,896
_
•
equipment.
$243,095 nonrecurring profit on sale of
400,267
$1,597,458
Ipects to file with
1949—Month —1948
Net operating incomeNon-oper. income (net)_
$6,259,820
*474.287
________
_.
314,134
issue
the
/the
"
Federal income taxes
—V.
$7,009,318
Six Months Ended Dec. 31—
$1,400,787
interest
The
revenues
reserve
General
Net
Net
$1,182,820
414,638
mately 10.0Q0 shares of preferred stock
*'
Sales
1946
—
Additional
.
.
Gerity-Michigan Corp., Adrian, Mich.—Earnings—
1947
Idaho Power Co. — Tentative Construction Program
$50,000,000—Offerings of Securities Planned This Year—
boats
If
$6,175,348
223,005
1948
$9,317,663
$8,729,770.
7,916,876 / 7,460,603
income—
*After
'/-/•'
large
a
thousand
200 shs.
Maintenance
<Cr775
$499,549
223,005
expense
/
$9,479,373
8,296,553
^Deficit
of
Crll6,607
Cr9,965
Cr5,143
$864,416
and
fall
with
several
400,000 shs.
disc.,
Other deductions
Net
324,009
;
357,670
the
for
par)
($100 par>___
current
Operating
Operation
Retire,
$1,206,973
RR.—Earnings—
charges
seasonal
Haverhill Gas Light Co.—Earnings-
4,796,568
taxes—)
389,588
.
//';
/
de¬
are
the
working capital to
material and finished goods inventories.—V. .168, p. 1903.
1,837,590
5,309,073
3,803,163
_
order
($1
stock
Period End. Jan. 31—
150,000
.
1,040,724
negotiating
are
an
/
33,193,390
5,694;700
721,065)
150,000
_____)
taxes
-Federal
469,700
$4,538,307
389,588
f
(
taxes—
on
sales
no
officials
company
$433,332
plant
adjusts—
acquisition
General
-/
during
the
production "during
//■-"•/ / ' \. -pr
'■
.
account
38,207,240
stock for period-,
,
and
outstanding in the
public—at 5%—
.
To be
1949—12 Mos.—1948
3,339,558
:
expenses
tlncome
not
APPLICATION—The
3,052,686
1,468,884
$4,806,552
revenue
Interest
CAPITALIZATION
$5,485,766 $65,735,442 $58,888,733
$5,944,385
________
81,404
$483,244
Dec. 31—
operating
Gross
consummated, the company will start building boats
orders scheduled for winter and spring delivery.
The com¬
already has orders from its own dealers and distributors for
1,500 boats to be delivered in late winter and spring,
;'
Common
1949—Month—1948
virtually
are
for
1948
$458,616
,/,'.. 33,368
128,236
Operating income——
Ncnoperating
income
:
against
pany
Georgia Power Co.—Earnings-
Operating expenses
Prov. for depreciation-
and
manufactured
is
There
August.
products
;'!;■■■-';v'
Preferred
Gross
during
October,
of
At present,
company
officials
sporting goods outlet relative to
169, pp. 1007 and 803.
Period End. Jan. 31—
off
and
number
a
transaction
1949
1949
Operating revenues
tapering
September
Jan. 1 to Feb. 28
Week End. Feb. 28
$5,561,830
1,023,523
1946.
business
decline.
1948
$514,530
$53,400
$55,914
revenues
Period—
$6,275,436
to pfd.
p. '2685.
Operating
was
experience has indicated that boat sales begin in
increase to rush proportions during April, May, June, July
begin
veloping
—
1949
1948
1949
$564,648
$375,933
Years Ended
company's
during
Jan. 1 to March 7
Week End. March 7
$5,528,462
>
deductions—_
168,
Gross
•
November,
to
/'/xv; p ■'^b.P
$6,034,315
241,121
Hudson & Manhattan
.
accept¬
production
a
of
The
IIRepresented by 333,243 shares, plus in 1948
dividend.—V. 169, p. 1007.
Georgia & Florida RR.—Operating Revenues
$562,057
2,591
$504,199
/
income
—V.
.
33,135 shares issuable Jan. 14, 1949 for stock
Period—
1,891,001
5,204 p\
Dividends applicable
in
top
car
Net
the small
boat was de¬
directed
were
field.
31,
tively, held in treasury.
2,400
2,754,609
2,095,774
(net)
income—
Income
V;::
/
experienced a seasonal decline in the early
1947, during which time eight new models of "Aero-Craft!'
boats were engineered and developed for spring sales/ In the spring
of
1948
orders began to
be received ahead of production and the
company began to assume a leading position in the aluminum boat
1947.
tAfter reserve for depreciation of
Jan. 1,
1949 and $7,928,095 at Dec. 31, 1947.
tAfter
deducting U. S. Treasury savings nctes (including accrued interest) of
$2,011,011 at Jan. 1, 1949 and $501,467 at Dec. 31, 1947.
SLess $481,907
in 1949 and $64,075 in 1947 for cost of 4,714 and 635 shares, respec¬
and
2,400
2,991,393
161,230
$498,995
revenue
income
200
292,573
.-
*
The
fall
$21,253,-730
Jan.
at
$242,850
■
200
297,966
179,756
•
tax_
inc.
taxes—-
oper,
Other
'
°After
Fed.
other
'All
Mich.
90-pound,
experimental
started.
were
orders
first
at
aluminum,
for
approved
efforts
As
for
Net
Co.,, Detroit,
:
operations
12-foot
A
and
ance.
'.
investments—/
AND
.
tested
electric
f
■
signed
Cr309,602
$22,561,838
Total
a
The
sales
Trust
201,854
-
•
'
BUSINESS—Company was incorporated in Michigan
for the purpose, of engaging in the manufacture and
line of lightweight pleasure boats.
Operations commenced
initial
capital of $8,000,
which, shortly was increased to
an
craft
245,527
4,037
4,745,500
3,332,430
3,876,149
6,192,388
Minority interest in a subsidiary
41/4% preferred stock (par value $100)—
JCommon stock, no par value
■.
1946,
4,
of
with
1,055,814
76,461
'
3,936
4,438,100
3,663,780
4,390,477
7,994,450
Cr558,372
X;
($1).
par
Agent—Detroit
HISTORY
j
210,942
':;i
<■*'
Charles,
St.
stock at
common
Transfer
$680,087
368,009
taxes
income
Inc.,
$20,000.
requirements—_
Canadian
'/
Depreciation ____1___V
/Amort. of limited-term
;:'i. v""/
V
1949—12 Mos.—1948
$2,068,343 $27;805;425 $24,127,826
669,243
11,022,335
8,920,359
209,046
3,381,205
3,012,990
>
173,994
2,278,003 •'!' 2,018,005
$2,329,670
870.944
Maintenance—- 279,955
$94,185,656
a:."'
„
of
1,063,391
for Fed.
^Preferred
$5,737,857 $101,592,767
./.V.
109.
'
1949—Month—1948
Oper.
revs.—Electric—
Operation
Charles E. Bailey & Co., Detroit, is offering 50,000 shares
LIABILITIES—
JProvlsion
Period End. Jan. 31—
1948
1949—12 Mos.—1948
1949—Month—1948
$5,816,164
169, p.
■Oi.
225,000
7,015,277
248,163
53,850
58,181
. :86,139
.7.
Accounts payable to trade creditors——_—$830,998
Accounts payable to others——_________
447,153
Accrued liabilities—wages and other compensatioiv, taxes (other than income taxes), etc.__
1,063,913
•••'•.
1949
$5,782,546>' $5,584,678
Sales
$22,561,838 $21,253,730
.-'Total
sinking
February—
Monday, March 21, 1949
>*.' Houston Lighting & Power Co.—Earnings—
Green Co., Inc.—Feb. Sales Increased 3.5%-—
of
Harwill,
~
to foreign
6,374,252
CHRONICLE
'
ex-
years———
equipment
and
and
in
prior
and
income
FINANCIAL
&
—
—V.
first-out
first-in,
Federal
taxes of
plant
Investments
Other
of
lower
for
75,256
140,809
7,524,186
receivable
profits
cess
the
,
Month
Sales
2,802,804
152,834
others——_—
from
market)
or
1
75,273
2,733,384
customers,.
from
receivable
Refunds
$4,173,999
obligations (at cost & accrued int.)
receivable
Accounts
(H, L.)
Dec. 31, '47.
$4,045,887
____
f*Accounts
j
,
COMMERCIAL
electric
face
the
load.
future
with
confidence,"
Mr.
Roach
concluded
in
his
'
•
.q
'/"
"
+
'V,
«
.
!
i
■■■
Volume 169
tb, stockholders. V'The
message
unusual.
the
The
control
farmers
enviable
of
in
po.nt.
of
a
of
economy
Snake
the
natural
conditions
of
irrigation,
place
production
gear
one-crop
Because
THE
through
water
position to
the hazards
low
Number 4787
soil
and
River
conditions
inueotedness
supplies of electric
Valley
sunshine,
Snake
market
Farm
economy.
adequate
to
River
is
at
available
ing
COMPARATIVE
INCOME
STATEMENT
I
The
1,328,807
Net
V-
operating
Other
income
I Gross
i_,
"
on
18,304
$3,477,207
—
mortgage
bon ds
share of
per
the
to
conditions
file
declined
order
should
within
written
a
BALANCE
of Plan—
413,167
The
of
$1,423,526
4.07
:
by
securities
;
...
of
tne
and
3.67
Co.
5.14
4.45
Interstate
$2.59
days
Government
obligations
at
1948
31,
IIAI-
000;
$322,220;
1LITIES—4%
premium
parf,
consignments
$14,000,000;
preferred
preferred
premium
on
stock
Public
cash
(Dubuque,
with
par),
$7,474;
interest
to
of
share
contributions
consignments (contra), $18,398;
717,915 —V. 169, p. 906.
in
aid
of
$3,326,501;
state's
March
January—
Total
of
the
also
afforded
was
of
facts
SEC
compromise
of
old
the
wnich
has
in
from
hearings,
he
may
-—V.
1048
deem.
Operating
revenues
169,
Operating expenses
Opcrat.ng taxes
15,157,763
—
Other
...
of
Interstate
$1,000,000,
Net
Power-
plan.
The
to
Division
the
to
share
one
of
respect
each
that
in
urged that the' ^roposad
shares
of
new
common
—V.
charges
169,
$940,554
its
cash
(of
has
company
for
the
Bidders
issued
432,626
The stock
PURPOSE—The
.
the
sale
purchase of
at
the
sale
certificates
and
for
$6,360,000
submit
may
in
for
bids
be
to
for
proposals
certificates.—V.
169,
31,
March
series
l-to-10
CC.
of
year
25
SEC
has
to- request,
competitive
used
order
an
Financing Plan—
on
giving interested
to
pay
i
Waning.
As r'rttviiiuiiy
off short-term bank
construction
purposes.—V.
169,
rep.rted.
loans
of
the
proceeds
$10,000,000
to
issue
par)
would
obtained
priced at $100
was
Insurance
bo
Dickinson
Department.
of
America—Elects
North
America
Comnanies
in
been
formerly
Newark,
elected
N.
Assistant
General
was
J.
Secretary
Manager
Recently,
he
the
in
the
of
North
transferred
was
Indemnity's
Office,
Ph'ladelphia,
administration
H, Stitt has been
Roy
,
Head
the
in
Claims
Department
Patrick
F.
Department
Mr.
since
assist
Vice-President
per
assistant
in
to
Retail
the
p.
Had;
The
report
the
emphasizes
last
year
that
the
51.1%
was
over-all
compared
loss
with
ratio
61.4%
the
1948.
$45,574
$615,145
$520,004
$1.71
$l.ia
the
in
It
is
for
bank
Net
oper.
buildings,
equipment,
for
$468,000
inade
in
1948
the
sale
31;'
31,
and
from
further
$6,613,967
1,759,367
3,637,572
taxes—
350,000
350,000
725,000
accruals
i 160,000
178,000
325,000
370,000
178,677
143,663
350,666
'288,452
Cr26,150
6,653
Crl5,992
11.-548
$720,285
$713,298
$1,591,721
$1,440,247
rents
income
Jo.nt
to
the year
when
needed
and
will
1949,
and
which
ib)
required.
as
be
financing
is
estimated
are
funds
It
supplied, initially,
GIVING
from
the
expected
EFFECT
TO
to
sale
that
PRESENT
par i—
Other
32,387
32,384
income.
$224,042
$226,016
$461,585
$475,357
n
"• •'
'■
.
/
: X
'•
v.
.
the
States
The
of
1948—Month—194
$1,135,847
toll
owns
to
taxes—
Net
Fta.
1948—12 Mos.—1947
116,242
74,187
87,792
969,010
931,096
approp.
77,917
75,000
900,000
850,000
revenues—.
$262,600
$205,892
$2,857,743
$3,180,459
221
554
4,603
21,012
$262,821
$206,446
$2,862,346
$3,201,471
85,361
77,703
868,854
1,249,843
$187,461
$128,743
requirements for the period
$1,993,492
520,784
$1,951,628
520,784
$1,430,844
______
"
___________
res.
writings of the North America Group
indicathig 110%
increase
in
the
last
records,,
totaled
of
$158,940,048,
$19,158,057.
the
Fire
by
the
Indemnity
These
.
Companies
larger
premium
Co.
North
of
various
all
and
Co.
of
caused
increase
North
the
charges—
stock
dividend
Operating
revenues
Operating
expenses
Other taxes
3,141 shs.
28,490 shs.
the
Fire
certain
additional bonds for
165,487
oper.
Other
the
res.
140,064
1,533,526
93.041
1,153,145
85,291
976,760
946,366
81,000
72,916
908,083
854,166
$320,401
$272,916
$2,905,228
$3,171,689
approp.
revenues...
income
68i
384
4 900
18>855
$321,082
$273,300
$2,910,128
$3,190,544
restrictions
may
Tiitoro^f
Inteiest,
income
ehaiges__
etc.,
and
their
environs
service
iHd.
82.085
between
A11'?01?,6
stock
67,323
883,547
1,231,124
$238,997
.
$205,907
$2,026,581
$1,959,420
diviae.nd
requirements for the period
520,784
Insurance
provides
toll
is
Assets
of
or
EARNINGS
OF
CALENDAR
FOR
1948
ex¬
/iOoHiXp
income
totaled
h
$10,447,223
against
as
$9,328,066
in
1947.
1947
1946
sSpfifl ri!nnef
deposits
$1,517,087
$1,397,646
1,149.377
832,432
192,438
172,391
164.419
222.361
taxes.1—
132,000
112,000
115,600
53,501
180919
165.890
138,899
income
1948,
the
of
Insurance
increase of
an
Co.
of
North
revenues..—
income
prof, tax (net)
exc.
Other
taxes
210,496
—
__
125,956
Other
$14,212,375
over
The
the
previous
of
Insurance Co. of, North America made
$1,228,659. last year compai'ed with an
$2,437,955
the
$42,912,540,
and
from
Together
bonds
holders
on
the
Dec.
premium,
than
the
premium
bodily
for
$2,678,005,
total
total
higher
7.5'%
accounted
was
Indemn ty's
and
is
double
Its
year.
automobile
they
investments
•
This
than
more
Came
an
underwriting
underwr'ting loss of
previous
assets
31,
38.8%
an
on
1948
of
the
and
of
increase
'were
1947
receiDts
injury
income
for
figure
1944,
property
for
of
Total
lotal
1948
of
damage
market
$89,065,885.
value
Surplus
of
to
p
109
Int.
on
Net
$302,746
$255,601
$265,737
$188,972
23,911
24,146
27,757
26,675
65,000
65.000
65,000
65,000
8,518
—
long-term. debt-
income
NOTE—If
»
stock
$6
are
and
6,705
8,449
6,697
of
the
all
sold,
$5.50
the
additional
of
the
are
Securities
Northwest
&
follows:
as
and
.
&
Foster
Grande
P.
&
Blum,
Co.,
Harper
168, p. 1009.
cp
ci<
24
5m
512 353
1,986,651
1,908,125
pr qqo
_
&c., assets
24 976
cZlu^riedtdeibitH-—
capital stock discount
i i
qor
29
15ft
1,206',607
567!966
g 492
(contra)
593 039
567,966
—
t
1,405*639
593,039
expense
rnm'ffU"16' capital st0ck
Consignments
••
7 768
900
the
number
„St0,cli f$10°
preferred stock
Common stock
Premium
on
NhtS payable—American
Notes n°nnvghiermAdCbt-
—
Matured
long-term
&
Co
par)
1
Power
&
Interest
6 99(1
21,000',000
16,000 000
Light Co
500 00O
129,822
and
interest
247^745
130 196
16Y98
58 511
* 180,435
accrjied
183',386
2,109,045
—
%
1,826.680
238,015
233 802
-
tpVoT J?U/renS and accrued liabilities
202,169
Tpfo! vdetcrred credits
32^065
488,543
surplus
7,945,971
67,308
,n aid of construction:*
(contra)
513,707
8,646,849
Earned
300
1,577.122
6,00o!ooo
6 990
capital surplus
300
$6,650,000
1,577,122
6,000,000
130 196
debt
Tfl*p^merS' deposits
300
—
$6,650,000
no
D?SpnrfcPriy£\ble %
Dividends declared
r!ltlwerVeS
rnn!f™10I14S
Consignments
600
_
pan
(15,511 shares
(600,000 shares no par)
preferred 7% stock
450
—
*
♦
Son
; '
on
$51,072,533 $44,973,719
LIABILITIES—
$6
350
—.
Inc
Inc
&
the
900
i
Marshall
&
preferred
900
Corp
——
Co.—
Richards
Wm.
cumulative
underwriters
Co.—1—
Favre, Inc
Paine-Rice
—V.
names
Webster
Murphey
policy¬
$5.50
Webber, Jackson & Curtis—*
&
Pacific
stocks
of
$90,600
annual dividend requirements
preferred stock- will be $97,155.
purchased by each
Paine,
Stone
shares
$164,531
aggregate
cumulative
shares to be
from
$159,750
$205,317
UNDERWRITING—The
lines.
$23,992,834 included a reserve of
$8,992,834 for general
contingenciesClaims
reserves
totaled
$38,397,223
compared
with
$33,321,260 at the close of 1847.—V.
169
income
Other deductions
income
writings.
Income
$262,364 over 1947.
of
was
583,910
526i750
-
«.«,■«.
inc. .deductions
(net)
$39,892,921
Largest
the
basis
'
i
.
Indemnity
Net oper.
Miscell.
year.
statutory underwriting gain of the
company was $4,288,699 as
against a loss of $4,038,135 in 1947.
Investment income-was $7,591,910
before Federal taxes.
Total assets, were
$239,420,408, an increase of
$26,038,483 compared with 194.7.
profit
7qp
25375
supplies
current,
1Q47
Total
totaled ^
America
?
repayments
596.360
Fed.
the
$91,943,782 in
_
1.138,677
—
Working funds
1945
$1,855,259
1,372.260
Federal
.
;
•
re™'vabi7
$2,180,383
the
Premiuih
31
$44,857,289 $39,139,720
30-923
30,923
fepccisl
YEARS
Deprec. & amortization-
previous year.
This contingency reserve, together with the
capital and surplus; brings the surplus to
policyholders to $128,835,494
at the year end,
representing 81 cents of surplus per $1 of premiums;
written.
'
'-••;■
' >v:5
>
DEC.
1040
Trft(LtirjC Pl&fnt
fnJh /„
centS
835,494,
in
BALANCE SHEET,
A™TQ
service
*
Operating
Companies at Dec. 31, 1943, were
'$333,500,405, a r'se
$35,877,466 during the year.
Reserve for contingencies was $28.an increase of $7,251,604 as against a
decrease of $11,322,577
of
its
Such toll service is provided under
interchange contracts with these connecting
A%'■'%
Operating expenses.—-
gain of $1,119,156.
a
and, in some cases, between
other telephone companies.
Toll
companies.
agreements
$1,438,636
Balance
America's
prenvum reserve to increase $1,004,521
making
total increase for the group $16,660,201.
statutory underwr'ting profit for the Group last year totaled
$6,648,053' compared with a statutory loss of
$8,812,594
in
1947.
The
This
independent
SUMMARY
p,
Investment
of
520,784
$1,505,797
Montana.
ana
and
exchanges,
companies.
Companies
Indemnity
own
exchanges
and
operating
America
its
1,156,694
1949—Month—1948
1949—12 Mos —1948
$1,200,755
$1,151,074 $12,767,575 $11,311.511
540,826
579,887
6,443,978
5,786,145
___
Prop, retire,
Net
—
taxes
14,238 shs.
to
other
points
is provided
through
toll connections with
Pacific
Telephone & Telegraph Co., American Telephone & Telegraph Co., and
America,
North
$15,655,680 and
of
changes
three
years.
They
$139,781,991
for
1947—an
increase
$116,027,508 represented oromiums of
$42,912,540 were casualty premiums written
Insurance
to
broke
total,
writings
reserve
1948
against
as
this
Of
for
5,658,364
INCOME STATEMENT FOR
JANUARY AND 12 MONTHS
Period End. Jan. 21—
200,000
.
&c.,
income
—
Premium
$11,776,613
6,483,039
1,508,102
Balance
FINANCING
3,762 shs.
,**f.
r"' ,vt"-.
589,403
income
interest,
$2,000,000
communities
173
lines
7
$1,074,329 $12,717,894
the
50,000 shs.
Washington, Idaho
r
ex¬
income'—.
Gross
to
21,238 shs.
■„
—
competition,
of
company
r'.'V:":
Co.—Earnings—
580,867
140,276
taxes
oper.
Other
BUSINESS—Company was incorporated April 1, 1931,
Company is engaged in the business of providing telephone
'without
service,
in
198.088
115,826
16,2*5
HISTORY AND
V.
171,019
95,229
expenses,
taxes
Net
additional
part
in the manner, and subject to the conditions and
Idqho.
160,915
15,461
—
revenues —
Prop, retire,
program
provided.
The aggregate principal amount of bonds that
outstanding under the Indenture is limited to $50,000,000.
in
1,735,397
362,000
84,449
$1,472,708
Federal
with
shares
therein
For
215,000
804.
p.
»
$2,974,845''
1,942,641
f
42,223
cluding direct
Outstanding
$1,400,000
preferred stock (no par)_,_—
preferred stock (no par i——
(no
Dr)
/
(net Dr)
'V
Pedeiai
cum.
stock
(net
oper.
Operating
Operating
plant
amount
of
a
*
1949
Common
ry.
170,000
78,915
$2,928,355
868,712
112,000
■
'
1949—2 Mos.—1948
912,508
taxes—
accruals
Period End. Dec. 31—
through temporary bank loans.
1st mtge. bonds, 3Vi% series due 1974__
2J/2% short-term bank loans due July 1,
cum.
expenses
tax
' 700,000
CO.
$l,460,b31
loans.
this
out
carry
amortization
oper.
income
RY,
3,591,159'
subsidiary)
$1,385,149
Kansas Gas & Electric
definite.
yet
revenues
169,
Vv-
office
of 9,238
ARKANSAS
1949—Month—1948
..
oper.
fac. rents
Net
vehicles and
-
&
$6,401,506
plans
present
order
Dri__
(net Dr)
oper.
ry.
1949—2 Mos.—1948
$3,150,980
(net
Equip, rents
substantial expenditures for
that additional capital funds
for" such future financing
it is expected
1949—Month—1943
1,726.740
LOUISIANA
Gtner
additions
financed
1948,
bank
$22,362,830
$3,109,552
tax
ry.
Federal
"«
ended Dec..
outside
and
were
in June,
stock
Company's
required
during
$25,026,581
expenses
Period End. Feb.—
loans
central
for
office equipment
Feb. 28, '48
$11,089,088
expenses.
oper,
Ra.lway
Railway
will be $1,560,000,.;
1949,
$447,000
11.2%—
—8 Weeks Ended—
Feb. 26, '49
(Separately-operated
.'/I
—V.
gross
110,799'
Feb. 28, '48
.
year
that
31,
447,635
804.
rents
■
the
estimated
Dec.
513,058 '
;
.
$12,330,335
—
p.
ry.
;
from,
company
part,
27,884
$1,078,438'
10C8.
sales
169,
Joint fac.
!
from
betterments,
depreciation
purposes,
the
in
and funds
CAPITALIZATION
be
Indemnity Insurance Co. of North America, the Casualty member
Group, the loss ratio dropped from 64.9% in 1947 to 59.2%
of
and
securities
Eire
1947.
of
in
86,327
$98,64;
p.
L^iup.
share
per
"•
♦Indenture permits the issue thereunder of
John A, Diemand, President, on March 16 reported to stockholders
that last year "was the be3t in the
history of the companies," Assets,
surplus and premium income were at an all-time high.
Companies
for
station
betterments
and
be
not
funds
Claim
—
6,030
$1,050,554
Kansas City Southern
Ry.—Earnings—
It is expected, however, to use (a) funds irom
the principal items of which are the provisions made-
$6
America, Philadelphia
$1,214,530
share
com.
Federal" income
and
8.
Casualty
the
of
$88,710
37,106
3,525
\
Period End. Feb.—
to
Vice-President
Superintendent
1385.
24,690
370,450
Feb. 26, '49
Railway
internal, sources,
Biggest Year in History—
•
be
for
by
pay,
betterments
ending
.
required.
may
$5.50
Insurance Co. of North
will
to
Authorized
been
167,
C.
$1,189,840
2,159
income
.
—V.
:
Secretary
first
as
had
1S46.—V.
and
year
company* contemplates
be
affairs.
Assistant
act
will
Stitt
to
Agency
elected
and
Burke.
of
$86,551
—4 Weeks Ended—
completion, extension and improvement.'
$1,219,000.
the
cumulative preferred
Since
•
Roberts
528,00q,
1,594
deducts.
Railway
for
Co.
has
He
to
$432,000
$231,000 for
M.
Malcolm
received
used
•
additions
lor
$103,000
additions
will
ac
Two New Junior Officers—
Agency
be
service.
equipment,
$5.50
are
Indemnity
be
to
will
$110,060 for land, furniture end
treasury fund3
of
"at
for
747,894
531,500
'
.
March
1003.
p.
and
amounted
which
proceeds
construction,
property
Additions
.
until
persons
hearing uoon the proposal of the company
200,000 shares of cumulative preferred stock
($50
sell
and
Co.—Hearing
i: sued
the
betterments
work
Illinois Power
net
securities
facilities
equipment,
1008.
p.
the
for
1946,
and
and
The
of
Gross
received
certificates
equipment
alternate
l-to-15-year
its
Equipment Issue—
on
invitations
858,949
44,000
42,373
discount
.
subject
'The new stock is redeemable at $106 per share on or
prior to May
at $105 per share after that date but on or prior to May
and at $104 per share thereafter, plus accrued dividends.
incurred
Illinois Central RIt.—Bids
V The
25
68,508
$144,545
etc.,
headed jointly by Paine, Webber, Jackson &
a group
$6,340,374
3,643,476
371,400
$142,951
be.
debenture-
to
$73.50,
1953,
of
\
4,184,203
34,350
Jewel Tea Co., Inc.—Current Sales Rose
pro¬
plus accrued dividends from March 1.
$713,528
592,892
__
384,634
47,500
—
Curtis; Stone & Webster Securities Corp. and Pacific
906.
p.
1949—12 Mos.—1948
$7,135,892
372,827
bonds
011
169,
Del.—EarningSr-
$618,043
—
debt
—V.
of
demand note and;
allooation
plus
$968,092.
share
stockholders
preferred
,159,382
$706,836
earnings*-*.
of
Net
accorded
be
159,381
$1,088,368
63,100
exp.,
Earned
approximately one-half
recommended
public
stock-——
1949—Month—1948
maint.—
earnings
interest
Ogden Corp., Inter¬
of the proponents of the plan.
Ogden presently:;
one
Northwest Cp.
l,780,7c0
operating income
after
Net
preferred
$1,127,474
......
income
Net
:
demand
note,
and preferred
reorganization in March, 1948.
approximately
6oj,602;
$1,247,750
80,458
oper.
Other
$2,475,000
a
participation
also
of,
together
holders of.
among
respect of the $2,475,000
Interstate's preferred stock.
of
102
distribution
&
Intestate's
certificates
Division
of
$1,729,977,
645,221
;
for, retirements—
Amort,
recommendat'on,
the
for
Prov.
dis¬
1958,
Net
on*
25.265
$1,892,972
_
v.—
taxes
Other
14,540,286
2,135,273
—
i_
$1,704,711
19,683
700.
p.
Oper. exps. &
Income taxes
Disapproval
Telephone Co., Spokane, Wash.—Preferred
Stock Offered—Public offering of 5,000 shares of
$5.50
cumulative preferred stock (no par) was made March 16
$18,233,590 $17,034,564
_
702,942
926,335
628,278'
688,758
$1,873,289
——
Period End. Jan. 31—
Total oper. revenues.-—
Interstate
■
taxes—
Iowa Southern Utilities Co. of
oxal
,
adjustments) .per $1,000 of debentures be approved as constituting
a" fair compromise of their claims.—V. 168,
p. 2432. <■%.:-
40.577
revenues
Income
>
to
to
$17,075,141
50,144
revenues
Federal
795,490
1,147,767
taxes
•'Balance
stock now held in escrow,
common
allocation
the
shares
The
by
1049
income
.
Operating
Uncollectible operating
income
income
Dividends-accrued
the
recommended
plan
securities
approximately
before
parent and
certain
total, $80,-
$18,284,024
estimated
deductions
designed to effectuate distribution of 944,-
was
new
Division's
escrow,
holders
Illinois Bell Telephone
Co.—Earnings—
Month of
for
Federal
earnings from operation
income—net
Net
construction,, $197,010;
earned surplus,
726,579
depreciation—,
thun
_
•
the allocat on to the publ.c holders ofsubstantially increased.: Parties to the
25 to file reply briefs
is
debentures,
increased
holds
deposits, $84,719;
taxes accrued, $1,783,219;
$179,167; preierred dividends accrued, $90,000; other
liab'lities, 827,603; Total deferred credits, $555,973;
$10,583;
of
the
deducted
common
accrued
damages,
cash
proposed
posed
($20
property retirement, $7,816,096; reserve for amortization
of electric plant acquisition
adjustments, $854,070; reserve for injuries
and
Net
Other
proceedings 'Hin
.
of
a
holders
stock
until
outstanding
Under
;
for
reserve
—„
for
other
Provision
order
5,969,113
__
new
common would be allocated
in
of Interstate's old preferred stock instead of
the
customers'
accrued,
current and
dissolution
present
'
Interstate's
$13,500,-
stock
common
escrowed
stock
stock, $2,685,000; first mort¬
gage bonds, $33,000,000; accounts
payable, $2,303,276; liability for pre¬
ferred stocks and bonds called for
redemption (cash in special depos¬
its),
Provision
Taxes
Toddv
1948
$9,557,100
4,942,373
652,459'
?
Maintenance1
Inter--
tiierfeof,'
Recommends
■
.
Utilitits
Iowa)...unless
preferred
$7,500,000
$80,717,915.
total,
($100
$278,826;
stock,
of
reorganization5 of
1942
conclusion
Co.—SEC
■
961
cost),
(contra),' $18,398;
cumulative
4%
on
the
other
any
...
The compromise plan
shares of Interstate
-
$2,000,133; notes receivable,
$9,179; accounts receivable, $691,023; materials and
supplies, $1,578,880; prepayments, $68,219; total deferred debits, $435,701;
capital stock
expense,
the
Todd
after
of
Commission
proceedings have
ASSETS—Electric plant, $72,543,677;- investment and fund
accounts,"
$206,C93; cash in banks (on demand), $2,803,130; special deposits.
$7,509; working funds, $33,071;
temporary cash investments (United
States
interrupt
modified.
proof
Power
Division
$3.15
.
DEC.
the
support
1949
$11,200,998
.
*
approval
$2,204,514
__
SHEET,
stockholder
A
for
in
which
upon
to
be
seven
offer
Interstate
$1,836,693
—
stock
plan
helpful in his behalf, and to support his content.ons in briefs and
argument.—V. 169, pr 1608. •.
•„
38,042
532,167
stock divs. and surplus
common
Class
a
a
evidence
Co.—Earnings—
revenues
Operation
International.'
-'Gross
Commission
'
'
file
introduce
•
of
146,724
$2,736,681
earnedr_£r_____v^^_—
preferred dividends earned—;
Earnings
the. dissolution
Operating
'
reconsider
to
predicated
dissolution
170,917
146,724
10,367
Dividends applicable to pfd. stock lor the
period
Times
that
to
motion
a
.
■_
,
com.
permission
of
and
687,396
-
306,565
denial
directing
'
income
Balance avail, for
Times bond interest
order
the
may
$2,537,938
890,000
_—__ ___—
Interest charged to construction (Cr)_
Prov. for amort, of electric
plant acquis, adjust.
Other interest and deductions
(net)
,
~
Net
1942
and
opportunity,
income
Interest
$2,519,634
_*
announced
of the advanced
stage of the record," stating that the record,
and should contain evidence bearing on the present asset
position
earning power of International and its subsidiaries which would-,
provide the factual basis for determining the merits not
only of the
several plans of-'dissolution but also
of Todd's contention
that the
858,000
37,742
revenues
(net)
11
view
1,344,360
■
■■—_
appropriations—,-^
reserve
Iowa Public Service
12 Months Ended Jan. 31—
tne
% The
1,247,816
1,530,098
1,016,000
$3,439,465
Other: taxes
Property retirement
Re-?
no longer exist;
that economic justification for the
existence of International has already been demonstrated,
pending dissolution proceedings; and that reorganization was
preferable to dissolution.
in
3,852,216
to
(1227) " 11
cont nued
$9,678,040
3,708,230
'
taxes
were
1947
$11,166,580
$11,166,586
Operating revenues
Operating expenses, excluding .direet
Pederal.-itaxes
————
its
sought
contended
YEARS-
1948
CHRONICLE
System—Motion
motion,'filed, by Paul H. Todd,
national
prosperity."
CALENDAR
'[--v Vv'"vv ■' .%v%.
time
International
industries. This growth continues to be substantial rather than
spectacular and provides added insurance of
new
continuing
SEC March
this
at
be
hexe, commercial and industrial expansion can proceed in
orderly fashion. The communities served can invite and are secur¬
an
The
s.,
record
to
FINANCIAL
consider Dissolution Denied by SEC—
avoid
a
&
International Hydro-Electric
,
and
Valley
and
continue
power
is
COMMERCIAL
67.308
«4qo
——
—
1_
3,538.371
7
7Ro
7>'b8
2,992.468
-V0t^9:^~r-——»51,072,.533 $44,973,7l9
•
12
Years Ended Dec. 31—
Gross
494,668
profit after taxes
Earnings per share—
Karl
1947
i
$0.45
______
Opcr.
$9,942,950
$8,336,828
sales
Net
••
"I
1948
Net
Sales Up 11.7%—
169,
$1,567,000
$1,751,000
——
—V.
$18,360,972 $17,930,669
There
with 694
21,413
21,413
256,958
company
$278,961
$238,840
$2,874,760
respective undertakings $10,000 ' to Lazard Freres
$71,600 to Newmont Mining Corp.—V. 169, p. 805.
$2,405,179
Mahoning Coal RR.—Earnings—
$2,874,760
69,281
and
$2,404,983
149
10,281
$238,989
71,094
$2,944,041
787,331
$203,095
$195,273
$2,156,710
$1,903,672
stock
period—
356,532
1949—Month—1948
Period End, Feb. 28—
The
in
corporation
-
$9,936,880
$11,185,875
charges—
169,
Total
/ 211,592
Fed.
-
1949—2 Mos.—1948
$21,986,276 $19,983,342
for
Div.
average
ended Feb.
26,
corresponding period of 1948.—V.-169,
1949—8 Wks.—1948
above.—V. 169,
Ry.
20~781
$550,186
$2,837,424
$2,224,097
808,389
207,316
1,099,443
2,924
2,904
46,129
11,111
$511,149
$1,691,852
33,068
$1,404,597
8,267
$339,966
8,267
$502,882
$331,699
$1,658,784
$1,371,529
taxes
246,674
before
168,
divs.
com
Consolidated Mines Ltd.- -Earnings—
milled
ore
income
Net
59,774
$301,217
$236,423
186,789
produced
metals
operating
and
71,544
JL71.218
:
—
from
Development
-
1947
1948
Quarter Ended Dec. 31—
Tons
1949,
33,068
848.
p.
Matachewan
output
12,
stock
pfd.
on
—V.
1115,
p.
.
V:
Operating at 25-a-Day Rate—
Lustron Corp.—Now
Columbus,-." Ohio, that- made airplanes during the (.
war has
become a fully mechanized home-making, factory and is now>
turning out five-room houses at the rate of 25 a day, the corporation
announces.
v.
V Z.
•
•
ZZ
The corporation
recently completed'"'its "pilot'1, run of -400 - of • tfc«t
porcelain-enamel-finish homes. On that run they/had: to be in- part
hand-fabricated becausevof non-arrival of some important- dies.- The:
A
804.
p.
Bryant, Inc.—February Sales Off 2.6%—/'■//'.
Lane
15,375
——
costs
$63,266,469
-__
The
$2,203,316
120,802
3~037
$760,747
income
Net
of this company (Kentucky)
for the week ended
totaled 39,059,000 .kwh., hours as compared with
32,927,000 kwh. for the corresponding week last year, an increase of
18.6%.—v. 169, p. 1115.
/'/:ZZ-'Z-Z-Z //;-•„
$62,034,433 $125,795,349 $120,598,888
number of stores in operation during the four weeks
1949 was 2,311, compared with 2,491 stores during the
Sales
Arkansas Ry.—February Earnings—
Louisville Gas & Electric Co. (Ky.)—Weekly Output—
Electric
.Kroger Co.—Current Sales Increased 2%—
1949—4 Wks.—1948r~
$2,701,247
~
5,541'
income
income
Net
City Southern
Kansas
See
March
Period End. Feb. 26—
$547,149
120,802,
—
Other deductions
207'.
p.
Louisiana &
1949 had 252 stores in operation,
month last year.—V. 169, p. 907.
same
v
356,532
income
pfd.
—V.
February,
compared with 243 in the
$634,404
income..——
income
V
Sales
; V
,
1948—12 Mos.—1947
'"
Higher—
Kress & Co.—February Sales 12.6%
(S. H.)
and
$2,415,264
43,716
Co.
&
road
of
equipment—.
Dividend
Other
$279,189
lease
from
V
1948—3 Mos.—1947
Period End. Dec. 31—>
Drl96
$238,840
the
company-at
at the subscription price per share the balance of the
stock.: Company has agreed to pay as compensation for
unsubscribed
256,958
—
income
Net
operation during February, 1949, compared
month last year.—V. 169, p. 207.
the same
in
1,095,583
leased
plant
Interest,- etc.,
stores in
696
were
983,912
1,291,417
'
1949—2 Mos.—1948
$35,085,631 $34,920,969
1949—Month—1948
Period End. Feb. 28—
1,183 577
104,583
the
from
exceeding
such
revenues.—
oper.
from
Gross
Sales
93,296
11G,000
v
$278,961
Operating income
Other income (net)i__i '/;/ 228
2.4%—
Kresge Co.—February Sales Increased
(S. S.)
109,512
purchase
and
company
price per share one-half of the unsubscribed stock
but
a number: of shares which
when added to the shares
subscribed for by it as a stockholder shall equal one-half of the total
shares
offered,
and
that Lazard Freres & Co. will purchase- from
not
Inc.
906.
p.
247,441
_—____—
others
to
1949—2 Mos.—1948
$3,448,000
$3,104,000
1949—Month—1948
Period End. Feb. 2e—
Sales
"959,940
acquisition adjusts.—
Inc.
-
taxes
the
of
subscription
the
'
Amortiz. of utility plant
168, p. 2226.
(G. R.) Kinney Co., Inc.—February
stockholder
V1949- -12 Mos.—1948
<
$1,523,278 $18,883 010 $15,689,369
11,291, 382 V 8,984,887
° 842,745
i 1,962,850
222,401
1,984 ,916
$1,733,267
Property depr. & retire.
reserve appropriation-
Johnson, President,
further announced:
"The financial
of the corporation was improved during the year 1948, with
indebtedness reduced by $400,000 and
inventories lowered by
$200,000."—V.
taxes
Other
P.
approximately
excl.
taxes .1:.
exps.,
Federal
937,461
$0.86
position
bank
1949—Month—1948
J Period End. Jan. 31—
Operating revenues
Sales & Earnings Off— "
Kingston Products Corp.
Monday, March 21, 1949
FINANCIAL CHRONICLE
COMMERCIAL -&
THE
(1228)
plant
huge
Estimated,
$65,204
$114,427
profit—
operating
Nonoperating -revenue—
1,245
...
2,127
.
at
.,$115,672
Total,'-profit.
Provision
for
taxes—
•
$71,06b
13,500
30,500
■
.
"•
Net sales
—V.
701.
p.
($7,378,074
,$3,518,839 & $7,143,888
$3,428,134
169,
1949—2 Mos.—1948
1949—Month—1948
Period End. Feb. 28—
.
its output up to 100 houses-, a day-by •mid¬
;Z Z. '.'V';'Z;"1
'/-'ZZ ZZ- ■*/■' V;v:-Z
thelRocky Mountains-prices for the-Lustron
homes range between $8,500 and $9,500, Richard N: Jone3,-Director Of:
Sales, saUL He pointed out thdt variations in< wage and • transportation i
costs obviously make it impossible to set an absolutely uniform price"
for- all sections.—V. 169,- p.- 907.
'
.<••-"•
'
*
1949
Years Ended Jan. 31—
-
■
1948
.
:
•'
126,885,008 107,339,534
taxeSi---—;— 5,934.510
4,581,563
Net
earnings after charges. and •
^Earnings per common- «hare.i—2————
"
*
Based
dends.
/.
■
$4.83
$3.69
.
V Z/Z-.
Z /'/. ( Z-''•
McLellan Stores Ca.—February vSales. Increased
■
■i
securities.
-
$30,651,694
of
assets
current
total
surplus at Jan. 31,- 1949,
earned
Jan.
stores
on
two of
under construction seven new stores,
which represent replacements.
31,
1948. •
On Jan. 3lr 1949, there were
February Sales Rose 7%—
'.... Month Of
February—
,
$6,932,045
$6,479,491
1949—12 Mos.—1948
Sales
$6,405,192 $126,743,954 $107,284,075
$7,183,105
—
—V.
169,
-
Completed—
Lion Oil Co.—Three More Wells
T. M. Martin, President, on March 10 announced that this company
completed three wells in the west Texas area. One of these
wells, the Newman Number 1 in the Roby Pool, Fisher County, Texas,
was
brought in flowing 10 barrels per hour on a small choke. The
company is continuing the development of its acreage in this field,
■
had
Martin said.
Mr.
p.
701.
:
wells. Lion McLaughlin Number
and third
each
were
in
flowing
completed
of
excess
The
right
subscribe
to
had
50
Dies—
K.
March
Mcintosh,
7
after
account
On
of
management
after
retired
the
71,
head
health
47
from active
Since 1926, when he became
and later as Chairman, he had served as its
805.
service.
of
years
50-Cent Dividend—
50 cents per share has been declared on the common
April 1 to holders of record March 18. Last year, dis¬
like amount were made on July 2, Oct. 1, and Dec. 20,
of
stock, payable
tributions
of
making
total of $1.50 for 1948,
p.
a
the same
as
paid in 1947.—V.
169,
been
exploration
by
churn
conducted
on
its
has received SEC authorization to undertake negotia¬
sale to insurance companies and other institu¬
tional -investors of $16,000,000 of sinking fund debentures due 1969,
company
for
the
private
the interest rate and price
negotiations. Proceeds would be used to
debentures and $10,000,000 of bank loans.—
Commission reserving jurisdiction over
the
be
to
pay
V.
agreed
upon
such
in
$5,974,000
169, p. 1115.
of
off
•
Judge
Joseph M. Kennedy in Federal Court in Brooklyn, N. Y.,
appointed three trustees for the road, which on March 2
for
under Section
reorganization
77
of the Federal Bank¬
ruptcy Law.
Those
are
David
Delatour,
Association
and
executive
E.
former
general
Smucker,
President
of
the
Brooklyn Bar Association and
committee
of
the
New
York
State
manager
Nassau
of the road;
County Bar
at present
Bar
Eastern
The
member of
Association;
D.
James
Saver, formerly Assistant United States Attorney
District, and at present in private law practice.
appointments
subject
are
to
ratification
by
the
in
and
an
operation
either
it
1948—Month—1947
Period End. Dec. 31—
Inc.
deducts
Int.
ICC.—V.
the
financing,
arrangements
needed
beyond
by
this
the
The
company
$2,500,000
and
offering
be
of
to
proceeds
used
its
pay
for
of
the
this
offering not
general
GIVING
other
receive
whole
stock,
large
a
further
used
for
corporate
TO
the
above
3%,
B,
2I/4%-21/2%,
due
1950
1953
to
June
conversion
The
scale.
lots
stock
Common
($10
13,878,506
1,959,875
OF
EARNINGS
FOR
of
before
Drl90
$2,834,640
42,840
6,109
69,200
$239,665
$211,032
$2,903,840
income
Dividends applicable to pfd.
66,216
40,772 '
759,952
metals
for
$8,002,553
base
$170,260
$2,143,888
$1,893,136
stock for the period
356,532
356,532
$173,449
Balance
$1,787,356
$1,536,604
convertible
is
class
into
A
common
is
on
and l'/2 shares
if converted: there¬
before April 1, 1951,
or
/*
April
and at $26 per share thereafter.
1953,
1,
<
sinking fund is provided whereby the company is required (sub¬
ject to certain limitations) to set aside on Jan. 1, 1952. and on each
Jan.
1
thereafter an amount equal to 2Vs>%'
of the amount of pre¬
calculated at $25
to be applied to
All
Z/
outstanding
sums
the
on
Sept.
aside
set
so
PURPOSE—Net
in
proceeds
(estimated
subsidiaries
to
or
open
acquire
or
$881,800)
at
intends
Company
business
its
expand
to
1951,
required
30,
are
company's general funds.
primarily
in
existing
the
are
be
to
to use such
offices
21
the
the
placed
funds
of its
offices.
additional
per
'
as
GIVING
EFFECT
FINANCING
PRESENT
TO
will
Authorized
OFFERING
cum.
Class
A
750,000
stock
the
shares
40,000
HISTORY
612,000 shs. "
stock
stock
(no
(no
par)
of
will
Outstanding
40.000 shs.
*200,000 shs.
20,000 shs.
par)
par)^__^__.
(no
stock
common
of
'•
pfd.
conv.
common
*66,666
$1,750,000
CALENDAR
<*0.000 shs.
75,000 shs.
18,932 shs.
the authorized but unissued shares of class ; A
initially be reserved for issuance upon conversion
stock.
shares.of preferred
AND
BUSINESS—Company
was
Incorporated
in
Massa¬
Aug. 5, 1922, as the Industrial Loan Society.
Present name
adopted in 1926.
Company succeeded to and continued a similar
type of business which had been commenced in 1909 by Charles T.
YEARS
was
1946
1945
$3,212,348
$2,824,986
1,135,147
$7,225,361
1,203,841
MacDermott,
metal
The
__________
Total
_______4—__—
Operating costs
Depreciation
&
•'
.—___
$8,002,553
$7,225,361
6,216,517
5,693,162
410,204
293,423
$4,347,495
Operating
income____
income
(net)
—
Fed.
inc.
profit for year
Net profit per share
Dividends paid per share
i (UNSUBSCRIBED
with
Lazard
Freres
Corp.,
New York,
will subscribe
for
State
102,811
of
money
to individuals in amounts exceeding $300;
and (3)
financing of the purchase and sale of personal property, such as
$1,238,776
$880,887
$401,975
Dr25,654
35,777
66,381
77,070
$1,274,553
$947,268
$479,045
298,500
289,889
219,875
99,872
$1,051,678
$984,664
$727,393
$2.58
$2.41
$1.78
$379,173
$0.93
$1.00
&
Co.,
$1.00
$0.50
$0.50
New
severally,
entire
York,
providing
number
N.
Y.,
that
of
a holding company, the subsidiaries of which are
general types of the finance business and activities
that of lending money under the provisions of
(1)
*3,524,041
STOCK—Company has entered
the
thereto:
$4,028,827
$1,375,832
taxi-
is
three
in
133,159
-
$1,350,178
for
President of the company.
company
•engaged
3,333,449
"
depl
Net
511,801
stock
of holder, up to close of last full business day next
redemption date if called for redemption.
The rate of
1% shares of class A common stock for each share of
stock
$2,404,937
deducts,
preferred
of
purchase of preferred stock at not more than $25 per share or to
redemption thereof at the sinking fund call price of $25 per share.
and
the
$1.50
preferred stock is callable for redemption either in whole or in
not less than 4,000 shares at $26.50 per share if called on or
related
Prov.
-
of
rate
A
Outstanding
1947
1948
Other
$204,923
the
to
preference
at
chusetts
production
11,130,525
1,939,706
in
stock
ferred
purposes
1,200,000 shs.
par)_____________
dividends
to
common
'
1,750,000
—
the
and
share.
30,
:—
entitled
is
stock
option
$1.50
1957—$1,750,000
due
stock
of class A common stock for each of preferred! stock
after.
""v-'
//'.■
purposes.
PRESENT
Mass.—Pre¬
Worcester,
Corp.,
Manuel
when
part,
Authorized
A,
Series
to be,
is expected
Southern
exercise
San
•
in
or
share
at
Common
Series
and
year,
preferred stock if converted
financing,
the
from
purchase
to
per
CAPITALIZATION,
EFFECT
Standard
both
share and dividend.
common
Each
on
purposes
options
in
of
1948
that period
its net income for
Offered—A
preferred
A
preceding the
determine.
company's
CAPITALIZATION
notes,
fiscal year ended May 31,
cumulative from date of original issue, payable
quarterly January, April, July, October 1; first dividend to be payable
July 1, 1949, covering the period from the date of original
issue.
Transfer agent, Worcester (Mass.) County Trust Co.
planned to
it is
ZZ\-;
directors may
ended May 31,
$6,000,000
$1,400,000.
to
Acceptance
Stock
share
per
its present interest in San Manuel.
Depending upon the com¬
pany's future earnings and possible future changes in the San Manuel
development program, the company may use some of the proceeds
this
amounted
acquisition
per
The
part,
its board
year
approximately
$11,000,000, and
approximately
taxes
class
heretofore has borrowed and issued its notes for
has used the entire amount thereof in acquiring, in
$2,394,731
10,206
$196,825
(net)
income-
conducted
.ZZZZ.ZZZ. vZ/.V
169,
$1,428,133 $18,673,021 $15,465,152
1,087,392
135,780
outlined,
would
existing
of
$3,300,000. Standard's sales for the
$25
Manuel
it
is excellent..
condition
financial
Its
sheet for the fiscal
assets
banking syndicate headed by
G. H. Walker & Co., on March 17 offered 40,000 shares
S1.50 cumulative convertible preferred stock (no par) at
become necessary to enter into
to provide it with arty funds
may
San
which
the
all
of
company
shares.
it
with
funds
properties include several recently installed
the manufacture of sulphuric acid, making
acid producing units in the world, and
and
deepwater facilities.
Merchants
of a type to be determined, will be
additional funds.
If the company
needed
plant
current
ferred
1948—12 Mos.—1947
Dr38
:
,—
(net)
Net
such
Manuel,
San
obtain
be
such
for
sale
1948
and
current
liabilities of $2,130,000. Cash and government securities alone amounted
indicated
determine.
may
above
must
that
and
largest sulphuric
the
well-equipped
and
income
income
and
work
leased
others
Gross
1,331,284
-
174,583
plant
Operating
Other
$1,702,692
revenues
taxes
from
to
by
or
to
further
Sales of
rev.
time
to
the
successful
SUMMARY
Louisiana Power & Light Co.—Earnings—
Federal
time
of
contemplates
now
by
be
to
Company
Premium
Oper,
from
the
1008.
Operating
of exten¬
program
a
are
Promissory notes:
named
L.
Hunter
p.
directors
the completion
,
program
no
equip the San Manuel property for production, whether or not it then
appears that it will be advisable to begin production as soon as the
mine
is
equipped.
The decision as to when production is to be
undertaken will naturally depend upon economic conditions prevailing
at the time.
For the purpose of equipping the mine for production
an additional large
capital expenditure will be necessary, because such
14
petitioned
the
of
say:
modern design for
of
"The
other factors, and the present proposed
development program and the estimate of the cost thereof are there¬
fore subject to change.
All investments of funds in San Manuel wili
be made only when and
as and in
such amounts as the company's
Upon
to
production
the
completed by April 1, 1949, and will result in the issuance of a total
approximately 490,000 shares of the 500,000 shares authorized by
Mathieson's stockholders at their 1948 annual meeting."—V. 169, p. 701.
and
progresses
went on
principally
of
the,-development work which will
shbject to the results obtained
^xtent and cost of
Manuel, however,
San
at
work
the
as
Any
;■
nature,
further
8
is
Standard
The latest audited balance
after
company
done
"cf>
will be
which
common stock
stockholders.
common
March
of
of
business
totaled
mining operations have
for equipping the
No actual
and
standard
letter
Nichol's
one
to
for production has yet been adopted.
primary puipose of this offering is to obtain funds with which
may purchase from San Manuel additional shares of its
stock as required from time to time to enable San Manuel to continue
its preliminary underground development program prior to the equip¬
ping of the mine for production.
It is presently estimated that about
$3,400,000 will be required for such preliminary development.
of
Long Island RR.—Bankruptcy Trustees Appointed—
March
drilling.
properties
the
to
Mathieson
unissued
,
The
r
the
undertakes
Long Island Lighting Co.—SEC Permits Financing—
The
Newmont
acquiring its properties and has completed
sive
been
necessary
805.
tions
one
owns
company
but,
"Standard's
shares was Zmade to
share for each two
Mining Corp.'
additional
the
Freres
since
that
announced
8,
business of Standard Wholesale;
purchase the assets and
authorized
Mr.
it
94.4% (as of Jan, 20, 1949) of the
outstanding shares of stock of San Manuel Copper Corp. which owns
certain
partially developed mining properties in Arizona containing
what is regarded
by the company's management as an outstanding
and major copper ore body.
San Manuel since its organization has
board
recently retired
Mcintosh
Mr.
Lockheed Aircraft Corp.—To Pay
dividend
this corporation, died
of
long illness.
a
ill
President of the company,
chief executive.—V. 169, p.
A
to
15, .at the: rate of
& Co. and
Lazard
aggreed to purchase the unsubscribed stock.
The
Liquid Carbonic Corp.—W. K. Mcintosh, Former Head,
Walter
•>
record Feb.
held.
then
Sulphur Co.,
Phosphate & Acid Works, Inc. of Baltimore, Md. for 225,000 shares
units of
49,459 by Lazard Freres & Co., also at $16,75 a share.
shares
March
4/ 1949 regarding the acquisition o£
Inc., the management of Mathieson has
acid, superphosphates and mixed fertilizers. The major
portion of the cempany's-sulphuric acid production is distributed to
the
petroleum steel,•.chemical,'-pigment, rayon and soap industries.-'
Standard's principal
plant" Is located at Baltimore and Its. products
are
distributed • in
the--area.--along
the- Eastern
Seaboard whereas
Southern's sales territory is largely in the Southwest.
-
$16.75 a share. The right to subscribe expired March'8.
Of the remaining 98,917 shares, 49,458 are being pur¬
chased from the company by Newmont- Mining Corp.,
stockholders of
&
on
Feb.
of
of .sulphuric,
shares of capital stock recently offered at
204,000
Acid
contracted ,to
the
Z> ' ' .ZCZ%
company's shareholders subscribed" for 105,083 shares of
the
President,
Nichols,
stockholders
to
distributed
Magma Copper Co.—Stockholders' Subscriptions—The
.
be
on
t
:
,
S.
letter
"The
"
; :
•
Chfmicai Corp^Gompietion of Acquisition
Mathieson
property
3 and Number
barrels per hour on
small chokes.
These two wells are located on
the company's large
block in the
newly named Diamond M Pool of Scurry County, the
discovery of which was announced in January of this year. The com¬
pany now has
three additional wells drilling in this pool.—V. 169,
The second
4,
1949
1948 %, >
$3,266,043 ;$3,139,828
1949—12 Mos.—1948 ;
-
vZ'VZZ'ZZ/vZ'ZZZZ- '/Z/''/
169, ■ p. 207..
PURPOSE—The
.*
f-i\: NiJ
-,. 240.
.,903
of/Standard Wholesale and Southern Acid Firms
pected by April 1—/ ./. •/*.
/* , .•; 4
Southern
$3,147,463 -J$55;526>565; $50,895,731
$3;264,388
—V.
378.
p.
•'
v.
1949—Month-^1948
End. Jan. 31— *
Sales
1948
1949
L
1949—Month—1948"
Period End. Jan. 31—
'"
•»«
■
4%—;
.
Period
and
Sales
'<
Sales
.
totaled $21,510,287, as
compared with $17,665,119 at the end of. the previous, fiscal year.
A
There were 197 stores in operation: on Jan. 31, :1949, as against 191
Consolidated
'
Month of February—
>
and .total,
current liabilities of $10,127,022,. a ratio of; over 3-to-l,. .leaving a.
working capital of $20,524,672..
Of the total .current assets, $16*893,800 is represented by cash in banks and. United States Government
shows
1940,
31,
$57,566
.-,527.
'
Thomas
Consolidated
Jan.
east of
nation
the
tor the latest fiscal year also reached, '.am-alb-time peak.
/ ~
balance sheet, of the corporation:'and subsidiaries at
Z Sales
the
For
stock after preferred divi¬
shares-of common
V
" V
Z
1,200,000
on
$85,172
net profit before write-offs
Capitabexpenditure.s-~_—_i_-—.,—
Outside exploration;
—V. 168, pp. 745 and 2009.---V
,
summer.;::.'.
•
-
Sales
to have
expects
company
(& Subs.)- -Earnings—
Lerner Stores Corp.
Estimated
i
into
and
agreement
Newmont
Newmont
shares
an
Mining
Mining
offered
to
it
Corp.
as
a
"small
used
laws"
loan
cars,
governing.loans
refrigerators,
UNDERWRITING—The
of
shares
G.
H.
to
of
the
each are
Walker & Co.r_—:
Estabrook
&
Co
——
(2)
to $300;
machines, radios,
washing
names
be purchased by
up
underwriters
as
follows:
the lending
and
the
13,000
—...—
—
F.
7,000
7,000
—
S.
Miller
Moseley & Co
&
Hanrahan
——
—
—
7,000
2,250
George—
Chace, Whiteside,
&
1,500
Warren & Sears, Inc
1,250
Co
Pierce,. White and
number
.
*
Hayden, Stone & Co
the
new
etc.
Drummond, Inc.-,
<;
1,000
Volume
169
Number 4787
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1229)
CONSOLIDATED
'
'
*
'
f
.
" "
$283,481
expens6s__l- •
'
Other
$90,135
deductions
Federal
income
1948
tax____
Minority interest_____'__
.
1947
.
$1,033,392
'
673,209
193,346
Operating income____'
-
,
;
Years Ended Sept. 30
Dec. 31,'48
income-.
Operating
v-
STATEMENT
3 Mos. End.
..JY.
.'.•
Total
INCOME
'•
468,530
413,114
83,823
55,294
27,085
41,225
"
•
,710
■'Y
—V.
income
$51,577
$193,559
$127,115
the
30
Monsanto
J.
$16,025
./■
169, p. 907.
Chemical
(Expressed
Period End. Nov. 30—
from
eain,
in Canadian Currency),
f.
•
$1,675,955
$1,555,861
Oper; exps.; ihcL deprec. ;
1,395,047
.-4.
,i'.
f.
Montana Power
Period
.
income____
oper.
and
of
skg,
lund
$380,660
$160,814
$1,225,562
End. Jan. 31-
Fedoral
Other
$2,662,551
185,000
185,000
2,035,000
earnings
"On
bonds
is
t$24,186
!
and
dependent
debenture
available
upon
$195,660
stock,
including
2,065,000
t$809,438
those
1
6,902,929
341,490
203,267
••3,918,979
NOTE—Exchange
169,
216,618
reserve
2,305,392
2,171,451
-125,000
1,500,000
1,500,000
-y
.
125;000
:
of
have
made
been
monthly
at
average
Michigan Bell Telephone Co.—Earnings— >
Month of January—
Y-^YYY'Y'Y/
1949
'.-V; 1948
Net
oper.
—V.
41,773
8,279,984
1,143,748
-
907.
—V.
$186,395
Jan.
on
2,
1949.—V.
at
Y
Period End. Jan. 29—
_V:_YY
YY
-
1949—4 Wks.—1948
Sales
;
805.
p.
;"Y" Y;
-
$1,102,000
*—V.
169,
207.
p.
not
"YY -p-
V-'
" 1949—Month—1948 'Y
Sales
$2,023,316
Sales for the month of
$1,522,347 for the
•
$908,444
$7,746,512
hp-s
80,197
of
Would
87,511
1,0/6,015
1,139,216
$820,633
$6,670,-497
$6,574,806
957,534
957,534
of
would
issue'
be
bank'
$4,000,000.
mature
not
and
used
in
to
The
notes
laterf than
event
no
•
>
i •'
by
the company.—V.
will
164,
be
1949—7 Mos.—1943
to
issue
in
and
the
the
above
$1.76
$112 475
•
deemed
;
statement
for
depre¬
-
.
of
1948
automobiles,
refrigerators
168,
$84,278,034 $71,129,524
5,859,289
5 640974
'
$L35
—
2544.
p.
1947
and
appliances
$1 30
$1,685,995 $20,067,610 $15,647,706
168,
sell
used
for
general
$66,688,902
169,
1948—Month—1947.
$1,045,080
$658,778
969,027
"$268,723
15,337
1948—6 Mos —1947
$4,736,392
5,466,986
927,505
$76,053
revenue^___
less
6,702
1943'"
$74-,115,612
'
$60,686
—______
'
T.
'
profit
provision
For
of
of
the
$152,252
96,181
25,935
Cr363,443
"$826,775
"$275,430
$110,974
second
were
made
2 '/*
with
times
January,
depreciation.
for
successive
43.56%
the
March
on
for
doubly significant because
The
month,
available
profits,
•
1
"$896;578
1949,
for
compared to 46.76%
Total
$68,316,441 $75,151,337
factor
report of profit
load factor.
December
was
earnings
occupied.*"January profits,
lrom
operating
for
revenue
current
January
was
Registration
—
registration
fox' the
com-
of
the
Securities
became
statement
of
purpose
Corp.,
Feb.
with
18
44,825
the
shares
SEC
of
by
the
outstanding
Corp., Union
by Equitable Securities
Industries Inc, and Tri-Contlnental
Selected
March
10.
Corp.,
_
.
"This
is
not- a
of
formed.
the
The
issue
iiev/
will
22,
revenue
miles
Y ...V.YY'.;
.
.
only
issued
be
when
resold
the
present
company
the
to
employees and
of Moore-Handley, at its cost to the
company. 1 here, will be
ing to the public—V. 169, p. 908.
purposes
Feb.
seat
at
This
24,278,232
stood
at
compared
available
16,197,627
from
33 317 341
to
up
an
,r
..."
to
of
$1,105,445
13,798,300 and avail¬
11,351,733 reverfde
with
seat
miles
Jan"
on
22.
■
J'
'
•••.
miles
passenger
25,339,869.
passenger
miles
and
—V. 169, p. 1116.
-Y
;
National Alfalfa
Dehydrating & Milling
stock.'; It is part of the original 500,000
of
stock
common
stock
-''v/ y
•».
Increase
an
,
•
shares
of
able
com¬
the
owned
company
effective
filed
purchasing
54.45-on
30,726,431 for the preceding month.
'
~ :
v
.
'<Y
•January business took a decided upswing
during the last week of'the
month, Baker said, which has continued
through the current month.
•
-
-
Inc.
■*
was
were
of
occupancy
'
:
$1,263,457,
over
December.
Total operating
expense
increase of $133,418 over
December,
Revenue passenger miles in
January increased
13,383,278 in December.
Available seat miles
$1,308,321,364 $1,240,087,328
Co.,
seat
-'
month
stood at
day in January.
same
$223,378
1949—12 Mos.—1943
all
'and
resulted
the
i
that National earned
charges
seats
the
on
'
.
_
after
"■i;"
load
.
National's
of passenger
of
December
passenger
Feb. 22,
'
Hardware
5)701', 838
■
Baker, President, announced
net
a
1950.
1948
1116.
p.
$4 467 753
"$730,594 "$1,234,085
;
G.
day
one
March) 31,
income
"Loss.
,
As
The
pany
corporate
oper.
Net
<
interest
ox
outstanding 2'/4%
construction! requirements
finance
------
•
Statement Effective—
2434.
p.
Inc.—Earnings-
Other income & deducts.
aggregate
bear
year
than
1949—Month—1943
Moore-Handley
2289.
p.
in
made
of
directors.
from
'3%% sinking fund debentures due in 1966.
loan
of
——_
would
one
later
.
Period End, Jan. 31—
Sales
Valley Canning Co.—Gets Loan—The
the
adjustment
board
earnings after taxes——
per
share___
Net
$740,000
prepay
and4 to
notes
Month of February—
Sales
pany, it was announced March 10, has borrowed $4,000,000 from the Mutual Life Insurance Co. of New York on
of
been
from income (net Dr)
Prov. for Fed. inc. taxes
excess
date
•
Proceeds
and
48.62%,
stock
\'H'. Minnesota
has
operating revenue
Total operat'g expenses.
Montgomery Ward & Co. (Inc,)—Feb. Sales Off 9.7%
January, 1949, amounted to $1,831,730, against
month last year.—V.
same
inventory
$53,902.—V. 166, p. 1892.
National Airlines,
$7,714,022
$330,720
and
the
—V.
Period EM. Feb. 28—
an
management
Period End. Dec. 31—
MiHer-Wohi Co., Inc.—February Sales Up 20%— *
p
"■*'
$313 140
ZlZZl"m'm
reflects
Total
through- March ' 31; 1950. Interested persons were; given, until. March
23 to request a hearing before the Commission.—V.
166, p. 1153. •
...1949—12 Mos.—1948
•
72,063
$910,917
in
short-term
$837,000 $21,056,000 $18,951,000
^Y-Y;Y>Y-
;•
$7,64-1,959
73,641
applicable to pfd. stock lor period
2V4%
after
169,
$7,672,871
4,459
company,
has requested SEC authorization
time to time its unsecured
promissory' notes
amount
Y-yYYYYY
Miles Shoes, Inc.—January Sales 31.7% Higher—
$90^,985
etc.,. charges—
Proceeds
,
191,925
period,,
Earnings
—V.
169, p. i.08.
The
620,499
-
Midland Steel Products Co.—Refund to Government—
v
the
by the
sales
other
3,861
10,734
income
from
$704,641
959,793
-
The company refunded $1,285,481 to the government on
renegotiation
of contracts lor 1945.
After tax credits of $1,099,086 the company paid
r
789
332 914
$505,065
Montaup Electric Co.—To Issue Notes—
899,985
$1,177,262
_—
p.
*"
Nash-Kelvinator Corp.—Earnings—
13,113
$900,183
(net)
income
Dividends
45,652
4.
,
Net
,
$8,902,005
7,297,379
.
income-—..
charges
169,
$8,947,657
$10,600,994
rev-
operating
after
..
$10,642,767
revenues
Operating revenues
Operating expenses
Operating taxes
Net
3,861
13,113
.
income
Interest,
■
Uncollectible
'"$855
—I""""
tax.
Quarters Ended Dec. 31—
utility plant
oper.) revenues
Other
Gross
Operating
1948
tDeticit.
income.
conversions
income
share
per
figure
of
Total
Net
1009.
p.
for
NOTE—Provision
ciation
3,705,215
acquisition
Net
rates.—V.
31,
5,538,827
of limited-term
Amottiz.
which
of
Income
Earnings
1$20,574,426
445,220
taxes
Amortiz.
$597,551
payment
1,
DEC.
income
Net
1949—12 Mos.—1948
i$22,317,145
440,644
-
investments
Net
Corp.—Earnings—
Provision lor Federal
advisable
$2,014,386
13
^-117)810
Vice-President of Unit
1949—Month—1948
uaxes
depletion
chgs._
Nachman
INCOME ACCOUNT FOR SIX
MONTHS ENDED
Gross profit from
operations—
Selling, general and administrative
expehses__'___—
Other expenses (less other
income)
Jt-roperty retirement and
int.
annual
be
to
Co.—Earnings—
..
•
Net
"Accrual
Co.—New
2 Operating fevjenues kllLY, $2,257,960'oper. expsexcl',: taxes
570,889
$18,584,649" $18,151,164
1,295,295 '17,359,087 *15,488,613
*
bids
for
•
Yl948—lTMos.—1947
1948—Month—1947 '
"
operY
invitations
G.
-
Gross
issued
"This
l\Icxican Light & Power Co., Ltd. (& Subs.)—Earnings
.
has
company
for
MacDermot, Manager of the Western Division of Monsanto
(Canada) Ltd., at Vancouver, B.-C., has been elected a Vice-President
of that
company.—V. *169, p. 605.
•
•
■,
• Y •
* '
..
Net
of
March
Net
6,098
1,645
"
'929
The -trustee
received
•
$50,853
82,090
.....
Y
-
$*,320,-000 equipment trust certificates.' The
certificates will be dated April 15, 1949,-and are to mature
annually
-from
April -15; 1950,
to April 15;
1964. Proceeds from them will
finance
tne, purchase ox three Diesel locomotives and
1,000 hopper
cars, cost.ng an estimated $5,412,588.—V.. 169, p. 1009.
$463,967
-
-.
.
•-■••
1946
.
-,
$224,563
$360,183 '
23,695
Y 14,677
■ r. 136 ■*
.
$693,093
-Missouri Pacific RR.—Plans Equipment Issue—
>
Nine Months
was
Gross
directors
Less
offer¬
no
Ending Jan. 31—
sales
Co.—Earnings
1949
1948
$6,380,670
$6,903,972
—
claims
and
allowances
;
10,179
6,165
$6,370,490
5,538,592
408,788
$6,897,807
$423,109
$568,659
,
t
Mississippi Power Co.—Registers With SEC—
,
:
The
March 11 filed a registration statement with the
proposed issuance and sale of $2,000,000 of 30-year
first mortgage bonds at competitive bidding. The company's financing
-
SEC
^
also
•
company
on
its
covering
includes the issuance
and
sale
to
The
company on March 16 asked the
authorize- the issuance of. $2,000,OdO in
.
its
parent, The Southern Co., of
•an additional
100,000 shares of common stock (no par) for $2,000,000.
Proceeds of the financing would be used for construction purposes.- -
iV.',-;''.-'';'1'.'
COMPARATIVE
Period End. Jan. 31Gross
1949—Month—1948
revenue
Operating
Prov.
of1
;V; acquisition
276,232
income
;
•
r,
V#
.
•*-.
Gross
Int.
on
53,416
'> •; y•"/
ineom
9,233
Y
-
and
$1,596,646
disc,,
-
notes,
$1,642,337
363,762
•
-
Net
income '
Y'
3
Cr297
Cr 3,145
2434. Y
Cr25,113
Cr57,244
the
$107,070
__
$81,993
$1,261,142
$1,398,001
7,704
92,455
.
Balance
—V.
169,
$99,365
$74,288
$1,168,687
its
at
Oper.
excl.
exps.;:
Federal
Other
1949—Month-
____'
$1,646,888
taxes
815,507
-1948
9,599,475
173,446
1,668,704
1,579,950
107,827
1,326,460
oper.
1,218,683
978,417
revenues.—
'■1 $300,312
$2,943,247
$2,489,133
36
5,239
9
income.
,Y
$363,701
$300,848
$2,948,486
83,770
814,890
Net
etc.,
charges—
income
Net
;..___Y___
Dividends
—V.
applicable
to
$283,600
$217,078
pfd. stock for period—
$2,133,596
$1,691,386
266,856
266,853
>
:700,000
of; the
notes
which
these
bonds
outstanding
now
will
funds
be
used
in
the
and
corporation
maturing
connection
in
with
is
directors
of
coupon
bears
the
date
of
months'. period
On
1949,
Jan.
of
18
the
on
March
the
the
April
1,
R.
tbe
J.
"also
show
than
an
'notwithstanding
31.
directors
coupon
Morfa,
better
authorized
retiring
1951.
the
payment
mortgage
of
$14,-
fact
Oct.
represents
bonds.
on
April
This
interest
23
for
issued
offer
the
,
•
.
under
three
March
1,
OF
CALENDAR
and
YEAR
1949
5%
for
the
six
revenues
paid
1,
an
1941.
interim
In
payment
addition
stated
he
expected
sum
results
on
the
Feb.
board
1,
February
288.
to
the
railroad
was
resulting from the storms of January."—V.
handicapped
169,
p.
1116.
by
damage
5,254,722
•-
4,713,388
708,205
540,241
$593,632
statement
covering
(No.
65,000
withdrawn
7594)
shares
March
filed
(par
with
$50)
the
Biggest Year in
Fed.
income
taxes
—
845,752 outsfcdg. shares—
on
1948
taxes
and
all
charges
168,
1947
$0.97
(per
2544.
p.
Herman
Texas
H.
Vaughn,
Division,
Succeeding
Division
has
Mr.
Credit
who
been
has
will
Credit
Assistant
be
Manager
Treasurer
Wallace
P.
of
of
Manager of the Texas Division.—V.
this
firm's
the
company.
now
Smith,
Assistant
168, p.
Y
659
Y
4 Weeks Ended
Y
-
Feb. 26,'49
number
at
Feb.
of
stores
in
operation
23, 1949.—V. 169,
decreased
sales
Net
1948
share
common
in
1948
for
the
1936
years
'
to
loss
;i' Y'
1939.
The
number
department
of
pieces
exceeded
all
produced
taxes
1947
1946
$2,675,000,
and
a
old
share
words, our
taxes,
with
in
age
cost
and
about
stockholders."
Y Y ;
previous
of
$2,307,659
in
1947.
1948, totaled $3,345,247, of which federal
state and local $347,419, and
unemploy¬
benefits $322,828."
This
($3,345,2471 is
stock
of
taxes
were
double
of
the
$9,314,839
a
$2.57
$3.02
$2,74
Y.
company
year
'
Y-> YYY-Y Y
■••j)'.
New England Power Co.—Bank
shows
compare
accrued
assets
on Dec. 31,
19)13, stood at $9,420,981
previous.
Current assets at
year-end were
$5,603,066 and current liabilities were $1,006,268.—V.
169, p. 9. '•*«>
against
;':
statement
were
Total
outstanding," commented
about
the
equal
amount
to
of
our
Mr.
Garlent.
net
total
The
and
company
System
borrowings
to July 31, 1949.
These
of
and
by
five
$17,804,700
borrowings
be
Dec.
SEC
1948.
at
of
New
authorization
during
subsidiaries
31,
outstanding
Borrowings—
subsidiaries
received
$13,270,000
additional
of
as
to
15. other
have
(Boston)
bank
the
have
Under
any
period
their
Jan.
1949,
of
Dec.
Inventories,
were
a
31,
1947.
priced
at
virtually
sales
1948
Cash
the
shows
of
1
proposal,
the
assets
of
$17,427,491
lower
26%.
of
average
from
the
cost or market,
$7,896,114
total
Current
Liquidation of Salem Terminal Corp.—
The
SEC
March
15
announced
the
issuance
of
an
„
liquidation and dissolution of the corporation.
Salem's parent, New England Power Co., will
and
as
England
in
payment
of
$25
all
of
New
on
its
assume
of
in
liabilities of $5,378,432
with $5,242,141.
Net working capital of $12,049,059 contrasts
$10,317,583. Net. worth of $20,043,204 compares with
$18,287,472
earlier.—V, 168, p. 2688. .........
■>
year
maximum
to
used
($1,691,504;.
$5,003,055 compares with $2,859,-
unchanged
increase of
current
1,
time
order
.
sheet
Electric
increase
of
outstanding bank notes
the
one
England
to
during the period
July 31. 1949, would be $28,170,000.
Proceeds would be
to
replenish
working capital depleted bv construction expen¬
ditures and to finance in part its proposed
construction programY
Jan.
earnings
dividends
to
$16;147,096 $16,035,179 $13,465,192
1,321,967
1,554,647
1,412,406
,_i.
per
698
Co.—Earnings—
income
Earned
from
702.
p.
Calendar Years—
Net
Current Year to
Feb. 28,'48 Feb. 26,'49 Feb. 28, *48
$19,968,349 $41,568,106 $41,664,439
$20,813,149
National Vulcanized Fibre
$2.63
i ;
..."
1948," explained Mr. Garlent, "set an. all-time
record,
was
5.91 %
which was less than the average rate
Y
2688.
National Tea Co., Chicago—Current
Sales Up 4.23%—
1948—
1947
been
elected
Vaughn
■
insurance
to
offering
1116,
$0.61
after
Sales
$4.08
p.
National Supply Co.—New Assistant
Treasurer—
$58,339,674 $46,111,016
$3,447,236
$2,225,089
—-
July 14,
preferred
Earnings Lower
Years—
earnings
share)
The
1
SEC
convertible
11.
National Fuel Gas Co. (& Subs.)—1948
Calendar
207.493
compare
with
and
was
Net
$368,363
sales
on
1947, despite
a
Registration Statement With-
169,
24,348
$5,621,992
$40,233,716
$8,161,952
.
Battery Co.
registration
company said it is not proceeding with the
proposed
because of poor stock market
conditions.—See also V.
—V.
22,364
1948
against $15,568,625 in
of $5,900,000.
in
$291,168
2688.
p.
.
.
and
Balance
at
56,082
228,000
income
on
The
$5,646,340
$6,556,559
i
share
per
other
after
taxes
1948
-
$6,578,923
-•
alter
equal to $3.95
"In
168,
stock
sub-
420,832
of $3,384,881
ment
of
which
62.38J
165,000
$196,950
State
__i
702.
records."
income
1949,
and
income
The
shares
25,
goods sold at $49,019,173
in 1947.
Wages and salaries of $13,830,283 com¬
$11,249,940.
"As in the past," said Mr. Garlent,"
average
rates, average hourly earnings, and weekly
earnings paid to our em¬
ployees exceeded like averages paid by most others in the industries
in which we
compete."
Selling, advertising, and administrative ex¬
pense
$575,251
________
holders
right to
each
on
to
with
pare
expansion
coupon,
at
improvement budget in the
MONTH
shipped by every manufacturing
against
The,,, balance
current
6,591
$424,336
charges—
National
E.
Profit
February of 1948, and that "Katy's net income will
improvement over .the
same
-month
of
last
year,
the
March
share
be
,
—
profit
and
1941.
authorized
dated
Chairma'n
•
1942,
Dec.
that time approved a 1949
.
10
adjustment
ended
will
charges
profit
yearly
Missouri-Kansas-Texas RR.—Interest Payment—
The
FIRST
operating
Taxes, paid and
<
record
capital
statement
to
proposes
396,627
drawn—
-
FOR
'Whiie sales for
.
•one
registration
corporation's
reported.
is
,
.•
-Y
Garlent, President,
declared:
"Nineteen
forty-eight was
biggest year and every division of the corporation
could
have
shipped more of its products had steel been available
in
larger quanities." Record production,
shipments and sales were
designed to increase daily sales capacity of natural gas from
175,000 mcf to 266,000 mcf.
YY
The
corporation operates
a
natural
gas
transmission line
from
Northern Louisiana to the Greater St.; Louis-area-.—V.
169, p. 207.
program
of
rights
—V.
168,
Telegraph Co.—Rigjhts—
a
revenues
p.
Earnings
John
from
that
of
January—
earnings,
net
;_i—
5,932,S>20
'
1,227
for Fed.
1948,
company
additional
one
Y
sales
Net
expenses_____
price
Y ".';/';
Calendar Years—
Net
other
Net
Y
Mississippi River Fuel Corp.—Bonds Placed
Privately
—The corporation, it was announced March
15, has sold
privately to a group of institutional investors $20,000,000
of first mortgage pipe line
sinking fund 314% bonds,
>series A, due Nov. 1, 1966. The
financing was arranged
•through Union Securities Corp.
proceeds
the
Motor Wheel Corp.—Has
169, p. 907. *V-: .4
With
market
i.'Y• lP:
operating income
169,
the
.
existing
expenditures.—V.
revenues-
after
—V.
799,371
*
Interest,
>
then-
•'
•
$100)
(par
Operating expenses
Operating taxes
:
$2,489,757
80.101
——_x
to
admin.
income
Total
of
624
$363,692
income
Gross
the
on
1,041,962
-95,417
,
.
Net
Net
based
'C
1933,
expected
Operating
8,465,833
140,632
taxes
790,985
124,100
Y
taxes
Depreciation__
Other
be
effectiveness
of
stock
Uncollectible
$14,555,295
Co.
and
operations
Balance
Prov.
1949- -12 Mos.—1948
$1,468,487 $16,756,569
202,957
■r
Insurance
from
•
Operating
"
revenues
will
prior
Act
par
is
Month of
Period End. Jan. 31—
the
Other
Mutual
interest.
h 'v
RESULTS
Mississippi Power & Light Co.- -EarningsOperating
the
price
April 26,
100J.
p.
to
It
"
I-Iancoek
sales
general
Profit
mortgage
both to be
headed by Merrill Lynch, Pierce, Fenner &
the -50,770 shares of stock at a price to be
stock, is offex-ed to the public, the application
' '.iV-'tf, •<YiY'--
capital
held.
$1,292,463
stock,
John
help pay for previous construction
Securities
scribe
105,537
) 7,704,
stock
to
of
Selling,
to,
first
States'
■.
Subject
Cr3,974
Cr436
Cr201
Cr5,423
common
Cost
sales
group
time
This
aild to
expiie
v.,
100 plus
Commission
30-year
Mutual ' Life
''
______
pfd.
on
the
Provident
Mountain States Telephone &
of
Dividends
no-par-value
Y•••Y'Y"'vY
Y 305,554
3'/8%'
Power
outstanding common stock, the company added(
company proposes to use proceeds of the issuance to
help fi¬
its 1949 construction
program, to repay outstanding short-term
The
893;695
of
and
purchase
Mountain
nance
"
28,356-
at
continues.
795,920
«
.
would
fixed
p.
$109,615
•
32,418
expense
Other, deductions
795,878
at
underwriting
Beane
110,796
971,896 Y
shares
•
572,250'
110,793
.
1
YY-YYhY $133,864
j
debt
ox
premium
An
3,289,905
650,033
131,153 j
■••7
long-term debt—
Amortiz.
3,597,364
-
9,233
154,218
taxes__
•'
i':
Philadelphia
$7,304,904
of
taxes
Federal,
J,--
343,246
62,500
__
y
50,770
Federal
April of this year.
the bonds would be sold
company said
Insurance
Co.
Life
$7,722,665
and
in
The
plant
adjusts—_ Y
General
*"
$646,663
depreciations-
bonds,
issued
1949- -12 Mos.—1948
$636,047
expenses
tor
Amortization
Y/:!■ -Y-Yy
ACCOUNT
INCOME
Net
Mountain States Power Co.—Seeks Issuance of
$2,000,000 Bonds and 50*770 Shares of Common Stock—
and
par
liabilities.
full
as
value
Salem's
England
for
the
New
England
$1,200,000
of
final
will
take
take
notes
of
over
outstanding
the
authorizing
Its
Salem's
Salem
liquidating dividend upon
capital stock also held by New
a
over
held
20,000
assets
assets
by New
shares
England, constituting
securities.- '14
plans to construct a steam-electric
generating station
the properties to be acquired from Salem.—V.
109, p. 1010. " '
14,
the: commercial
(1230)
New
For
week
ended
output of 14,898,700 kwh. This is
below
production of
ago..
•
is
240,894,000
ft.
cu.
for
week
corresponding
the
operating
Opeiat.ing
Power,
purchased—
and steam
?
13,418,168
1,533,776
1,737,518
1,794,753
2,629,475
1,781,549
2,397,146
$3,878,673
$4,040,453
——
property, plant, & equip.
lor
Prov.
for taxes other than Federal income
Operating
2,094,646
$4,046,981
122,680
2—
retiremts. of
Prov.
income
Other
income
Other
taxes
-1.
—a—2_——
.161,779
deductions:
Subsidiaries
:
New
Provision
income
Net
Credit
tax
to
surplus—
requnements
available
567,901
for
349,312
—
sinking fund requirements)
for
separate
•
Net
Federal
227,702
taxes
822,017
91,436
$1,739,657
$1,537,882
return
28,537
34,260
———
$1,768,195
$1,572,142
.349,312
filing of consol.
261,984
tax
to
Preferred
surplus
'.
dividend
requirements—;—
available
for
requirements)
sinking fund
A5
of
Operating
expenses
.
Operating
Other
——
income
124,125
income
income
Net
Other
:
deductions
from
$4,239,498
$3,869,313
228,707
361,321
832,741
"
——
—
England
Gas
Association—
E.eetric
and
the
Net
Federal
for
1,392,191
$1,613,274
$1,181,141
(separate
income
Credit
$2,573,333
1,564,774
taxes
income
——
consolidated
filing of
resulting from
in¬
(New
cars
15
ana
70-ton
Haven)
of
covcrea
92%.
completely
will
the
"and
the
ail
cars,
be
to
be
only
iine,
It
Balance
to
surplus
dividend
$2,021,139
$1,742,210
349,312
—
-
requirements—-,
291,093
„
available
for
$1,451,117
$1,671,827
shares
common
ceuar
(New
in
'
1949
income
—-r
Net
other
taxes
than Fed.
inc.
1948
$2,855,659
.191,134
230,629
taxes-
$2,716,721
deductions
Provision
of
for
Net
income
taxes
103,223
91.436
basis
(on
return)
income
Credit
934,658
income——
from
Federal
separate
$2,664,524
832,776
income
Other
:
$1,638,429
$1,780,721
—
filing of consolidated
resulting from
tax
28,537
Preferred
dividend
for
common
291,093
349,312
shares
requirements)
fund
169,
$1,672,689
requirements.
available
Balance
sinking
—V.
34,260
$1,809,259
Marcn
of
$1,381,595
$1,459,946
;
9.
"As
The
New
York
State
by
tne
Asking
lan,
states,
Operating
uuring
year of
Uncollectible
oper.
rev..
Operating revenues
expenses
11,432,103
10,737,902
979,156
961,169
>
;l.Net
operating
after
Net
—V.
income—
$1,094,443
$1,177,256
514,340
are
Stores
by
169, p.
various
industries
tinued President
plants,
power
been
such
concerns
responsible
"All
additions
or
started,
of
for
Sugar,
has
decision
due
bonds,
company's
on
Commission
application
to
1974, to eight Connecticut
sell
March
on
$1,200,000
19
reserved
first
savings banks.—V.
but
it
tneir
to
is
2004.
p.
New Orleans Texas & Mexico Ry.—Interest Payments
interest
bonds,
series
series
plants
new
New
present facilities.
expected
ground
wxii
be
Construction
broken
by
and
the
at
The New
A
1954,
represented
record
series
that
will be paid
certificates
of
B
Exchange
Haven
on
31, 1949.
11 directed
March
and certificates of
the series A and 2V2%
and
certificates
of
deposit
on
warehouses
or
Railroad
be
of
Exchange contracts made beginning
the
Oct.
1,
Interest
1949
on
New
The
Incdme
This
Of
and
23
York
and
the
subsequent
the bonds is
Incorporated,
in Net
"flat,"
Wall
expanded
or
territory
bonds
to
therefor,
be
be
on
quote
April 1,
therefor, shall con¬
delivery in settle¬
a
April 1,
1949,
must carry
coupons.
New
Haven
York,
&
N.
Y.—V.
Hartford
169,
1010.
p.
RR.—Sharp Gain
Reported for 1948—
company earned in
1948, the 77th annual report
after
fixed
charges and contingent interest, of
compares
with
a
the
and
1948 profit,
$1,893,316 from
New
deficit
of
$1,879,239 reported for the
shows,
York
$3,906,280
was
rentals
the
in
earned
Grand
from
Central
railway
net
$5,799,596.
year 1947.
operations
Terminal
area
in
March 14 with the
their
tnereoy creating
existing facilities
4.000
hew
;
*
&
jods."-—
of
the year."
.
YEAR
1949
111,407
—_—;
revenues
1948
$36,242,254 $32,604,015
—
113,062
offering by G. P. U., tne parent
its stockholders
General
Public
March
ness
10
the
on
fcr
common
Utilities
ot shares of the New York
each
stockholders
entitled
are
basis
of
10
shares
Marine
Midland
G.
as
P.
of
G.
of
record
Co.
for
at
York
U.
common
at 3 p.m.,
close
the
such
New
P.
expire
Trust
U.'s
of
subscribe
to
share
one
subscription warrants
York, will act
will
FUNDED
DEBT
AND
Utilities
CAPITALIZATION
Title of Issue—
shares
A
series
due
stock
April
3>/4%
series
due
Water,
solidated
Serial
OF
N.
S.
Light & RR. first
5% bonds, due
first
com¬
cum.
pfd.
cum.
pfd.
stock
($25
busi¬
$41
bonds
of
in
SUMMARY
not
any
one
compliance
OF
>
-
expenses
of
amount
but
provides
contained
bonds
for
As
the
income
(net)
CALENDAR
YEARS
in
tReductions
on
Net
1945
3,888,696
3,469,232
$6,399,617
$5,829,687
of
k
5,857
8,199
$5,837,886
separate
1945
•
$3,906,718
held
$3,066,466
239,000
542,000
,
$4,636,005
$4,448,718
.
.
'
$5,300,466
<
•:
571,409
612,012 \
612,012
2,992,000
2,659,000
1,100,000 V
1,500,000
,
by
accruals
stock
and
pected
such
in
program
for
the
subject
anticipated
that
funds
required
of
stock
approval
Production
site of
town
of
Stock Transfer—
stock
Electric
stock ~(no
of
of
in
additional
A (
600,000
for
Union Electric.
of
&
other things) 1.500,000
proposer, to transfer
It
exchange
pari
Light
American
North
(among
Missouri.
the
extent
proposed
to .which
transfer
said
modified
should be
order
securities.—V.
of
_
908.
169,
Finance
Corp.
purchase of
the
approved
reported
the
has
new
agreed
lend
to
equipment.
The
$1,750,000 to
Civil Aero¬
loan.
loan
planning
to
buy
four
Consolidated
on
Atlas Corp.
the
be
Vultee
'
■
still
must
loan
be
by
the
to
RFC
into
converted
authorized
worked
stock,
accomplish
out.
that
is
-
It
There
this,
is
the
is
understood
j..'
a
$400,000 noto
sufficient com¬
to
the
provide
New
P.
S.
since
only
500,000
of
outstanding.—V.
168,
•
SEC
and to
has
upon
given
'
Co.—Hearing
interested
persons
until
on
'
'
\
Stock Financ'g
March
28
to
request
a
the common stock financing proposal of the company. As
the financing involves the issuance and sale, to
reported,
an
additional 406,000 shares of com¬
of
shares
10
each.
Proceeds
replenish working capital.—V.
would
169, p.
be
used
for
1116.
construction
V
'
Northern States Power Co.
(Minn.)—Secondary Offer¬
ing—Merrill Lyn'ch, Pierce, Fenner & Beane; Kidder,
Peabody & Cc.; Paine, Webber, Jackson & Curtis and
Hornblower & Weeks on March 11 offered as a secondary
distribution 364,684 shares of common stock
$9,645
per
share,
to New York
-
The-stock
The
other
share.
Sachs
(no par) at
which includes an amount equivalent
Exchange commission of $0.1450.
Stock
,
purchased at competitive bidding at $9,355 a share.
up for sale by Standard Gas & Electric Co.
Six
banking groups competed for the stock: Lehman Brothers and
&
Co.
(jointly), submitted the runner-up bid of $9.23125 a
stock
Riter
is
are
($10 par), or at the rate of one new share for each fivo
outstanding 2,030,000 shares. Unsubscribed stock will be offered
approximately
1,250
company
officers
and employees,
up
to
a
ex¬
It
shares
common
stock
Commission,
$3,000,000.
York
financing will be completed by July, 1949, the proceeds to
part to pay oif the then existing bank loans.
The method
authorized
the
to
for
during 1.949 will be provided through depre¬
additional borrowings and from the
sale of $4,000,000 of cumulative preferred
common
to
the
near
on
dissolution
upon
2545.
■
period,
proposed
sufficient
that,
stock
used
the
of
the
stock
mon
borrowings and the sale of securities during such period.
construction
Co.—Hearing
stockholders of record March 30 of
The
company has recently arranged
a bank credit providing for
borrowings of up to $10,000,000, payable nine months from date of
borrowing, or before Jan. 23, 1950, whichever is earlier.
On Feb. 15,
1949, it borrowed $1,000,000" at an interest rate of 2V4% per annum
ciation
to
West
Airlines, Inc.—Gets $1,750,000 RFC Loan—•
placed
maximum
the
County
acreage
and
v
15 mi'es south
amounting
to
about
of
Corp.
Convairliners.
of
previously
presently contemplates construc¬
tion
$52,800,000 during the three-year
period 1949-1951.
To complete this program it is estimated that, in
addition
to
funds
provided
by accruals to
reserves
and
retained
earnings, approximately $39,000,000 will have to be provided through
is
is
field
Oil
April
the
is
hearing
excess
It
and
for
2,000,000
The
.
650,886
arrangement.
the'
.
block
Noranda
Northern Natural Gas
FINANCING—Company
expenditures of approximately
such
drillstem-tested
2,234,000
the
FUTURE
under
Grimes
of
company
240
condition
$4,397,005
order
has
1,931,168 # 1,806,277
2,008,469
ately.
bank
feet of gas
1,300,000
and
857.
Union
to
Board
Details
return
for
and
day
per
the
and
into
p.
Reconstruction
The
24,866
basis, including $2,359,000 in 1944 and $1,769,profits tax, before
reductions shown sepa(Resulting from joining in consolidated returns with parent
company and others#
■#'.
in
;
.
Madisonville,
by
common
permit
$4,872,743
p.
358,000
income—„$4,740,872
*On
the
held
the.common
company
nautics
In. Federal
stock
and
these
166,
whether
to
as
mon
$4,382,872
Cumulative pfd. stocks
test
President,'
>#;7>v \
' )
;
West
south
par)
SEC
The
$4,847,877
$6,405,474
income
oil
green
Madisonville
Northeast
V
reduc-
taxes—#
drillstem
on
adds:
&
acres
shares
By
so
3,231,333
2,529
deducts.
barrels
95
drilling^vin',:v A. M. Joncas,
14,
1942, North American was directed,
among other things, to sever its relationship, direct or indirect, with
Missouri. One of the issues to be considered at the April 19 hearing
7,217,807 # 6,656,851
2,547,288 ? 2,202,331
3,196,519
3,019,783
2,333,000 v 3,327,000
Dividends paid on:
000
7
Maghess was drilled iii
named
of
($5
shares
1946
$5,937,172
1,554,300
!—
before
tions
and
Co., North American will acquire
shares
'
Income
gauging
-A'' (
previously reported,
Power
Model
Total
field
3,000
extends
the
income
t
The SEC has scheduled a hearing for April 19, 1949, upon the pro¬
posal of the company to transfer the stock interest in Missouri Power
& Light Co. to Union Electric Co. of Missouri.
therein.
3,071,640
3,612,227
1,912,000
1,986,000
4,231,193
income
1
Houston No, 1
Ruby Magness with 9%-inch
the Edwards lime at 9,600 feet drilled into,the
through '/4-inch chokes top and bottom gauged
North American
880,000 shs.
the
time,
8,589,847
10,839,533
3,240,431
income-
\
"v
test.
the
Oil
Bedias."—V.
3d,000 shs.
limit
FOR
3,803,320
on
to
promises to be of great importance
Madisonville area in Madison County, Texas,'
gravity
around
west
will be
taxes
equal
.
169, p. lulO.
4,994,000
1947
Deprec. of utility planttaxes
$114,418,
were
of
of
Ruby
Antonio,
these
Maintenance
.
that
further
and
45
1
Humble
Co.
$45,043,070 $40,535,602 $35,589,089 $33,344,577
15,007,950
13,061,575
10,995,556
10,059,402
revenues
of
No.
"The
150,000 shs.
restrictions
with
EARNINGS
and gas purchased
for
resale
Other
field
,
r
Operating
Operating
alone
14.
West
top
drillstem
on
around
1,100,000 shs.
—
does
at
;
wells
are
owned
by Noranda Oil Corp. of
Production Co., the Magnolia Petroleum Co,
Refining Co.
>
#
"No present old production is shown on oil maps for 1C0 miles or
more in
every direction and the discovery of this new field cpens up
the possibility of more fields following the trend from the new Madisonville discovery.
'''A; Vv> #.;( ■'
(v#:
"In 1945, Noranda Oil Co. and West Production Co. drilled the No. 1
Boring completing it as a gas-distillate well in the Edwards at about
the same depth
as the new No.
1 Ruby Magness.
The No. 1 Ruby
Magness is a southeast offset to the No. 1 Boring.
; L
San
and
GAS
35,000 shs.
par)
J
$4.23
•
the
Service. Corp..
Edwards
9,660
"Leases
a
Gas
Trans¬
150,000 shs,
outstanding
A#
last week and the Jim West No. 1 R. B. Magness was reported
casing set on top of the Edwards at 9,597 feet and: in process of
drilling in.
225,000 shs.
supplemented
as
be
1948
$197,010
of
and
$5,000,000
1956
stock
may
31,
con¬
stock—
4.50%
DEC.
ENDED
with
&
&
M.
on
to
"The
5,500,000
$100)
3.75%
"Indenture
lime
March
J.
barrels
95
Outstanding
—_
(par
Water
the
on
set
daily,
35,393,000
1978
stock
and
charges
in the
well (completed
on
"The
i»49.
EL.
YEAR
corporation and its .subsidiaries, Rochester & Lake
Corp. and Western New York Water Co..,, aftef1
af,
all
announcement
casing
7
Y.
2,926,721
Corp.—Earnings—
FOR
46,532 shares
opened
one
Edwards
$13,000,000
mtge.
pfd.
EARNINGS
on
Edwards
new
The
-
Corp.
1971
due
2,453,917
Ontario
announced
com¬
of
at
held.
ii,
1977_
series
$3,451,597
Service
ior
another
*
2%%
3%
*,o97,188
$3,441,269
income
share
Water
been
with,
.
State
Electric
state
Authorized
First mortgage bonds:
Elmira
24,142,168
5,119,860
Noranda Oil Corp.—Opens New Field—
has
of New York,
120 Broadway, ,New
in connection with the subscription
agent
General Public
to
go
27,569,718
——
J —."I——
806.
p.
per
Lake
.
offer.
Proceeds
$36,130,847 $32,490,953
"
which will solicit subscriptions for and sell the
stock of the Electric and Gas
company.
be
part
CALENDAR
OF
$2.46 per share of New York Water common stock.—V.
->
G. P. U. has completed arrangements with The
Corp.,. Lehman Brothers, Wertheim & Co.
and Merrill Lyncn,
Pierce, Fenner & Beane to act as
dealer managers of a nationwide
group of securities deal¬
fares
during
MONTH
.
minority interest in earnings of,
Western New
York represented
by the shares of its preferred and#
common stock not owned by New York Water Service Corp.
The 1948
consolidated earnings of New York Water Service Corp. and Rochester; '.
utility.
proceeds
effect
a
pay
FIRST
operating
income
■'Net
Ontario
step in the distribution of 880,000
shares of common stock (par $25) of the
corporation, now
owned by General Public
Utilities Corp., was taken
City, from other properties, and from dividends and interest
from securities.
Total revenues for 1948 amounted to $171,391,814, an
increase of $15,576,427 (or 10%) over 1947.
The increase, the report
states, resulted "from various increases in freight rates and passenger
in
-the
charges
169,
provision
initial
the series
payable at the office of J. P. Morgan & Co.,
Street,
New
bonds,
for
to
FOR
CONSOLIDATED
has
"V-V-
Offered—The
Common
that
the series B
deposit
to
ment
in
gold
March
tinue
dealt
5%
shares.
(
effective on July 1, O. T. MacMilCommission, auring hear.ngs on
$49,000,000 annual rate increase, that
for expansion work undertaken since
granted
told
revenues—
after
Earnings
New York State Electric & Gas Corp.—Common
Shares
gold
said date, and said payments on
deposit will be made to holders
on
on
5Va %
mortgage
mortgage
first
bonds,
bonds,
the
the
of
business
first
the
on
on
by
close
York Stock
ex-interest 2%%
1949;
1, 1949
1954, and on
the
"Net income after charges and taxes——
several
'v.;
'
•
169, p. ioio.
taxes
April
due
A,
due
B,
bonds
of
due
in
5,213,000
New York Water Service
v
activity," con¬
laqtories, warehouses,
this
V.
.
The
be
needed
was
operating
—V.
First
unusual
new
^
mortgage
165,
^
purchased
planned development is in addition to the strides made
manufacturers along our lines during 1948 when 160 industries v
Gross
U.
V
'
Net
Westinghouse, V
as
American
industry
this
Whittemore, "plan to build
Summer.
Other
P.
,/
:
;
■
Public Service - Commission
outstanding commo.i stock
York
New
to
Operating revenues
Operating expenses
Operating taxes
over
40
acres
at
Wallingxord, uonn.; anotner 70 acres, in Boston,
Mass., and another nearly 25 acres in Pawtucket, R; I. Large invest¬
are due
to be maae on tnese
projects. >>'T
-"•.'■■f.- #.
Light Co.—To Sell Bonds Privately—
State
'
1948.'
Uncollectible
con-
Net
,
$5,934,643
Connecticut
1,
the
Controller,
RESULTS
continuing industrial
J.
Heinz, Knox Glass,
Stop & shop, Inc. One
1116.
New Haven Gas
The
an
Co.—Seeks Stock Increase-
$10G)
Month of January—
lines.
our
nationally-known
H.
and
723,637
charges
806.
p.
increase
an
(par
approval
that
Operating
significant activity, let me point out
concerns nave purchased
a total
*Fed.
.
into
of
permus
ana
1948
$12,876,327
$13,505,702
;
—
Operating taxes
169,
petitioned
approve
shares
company's application
Jan.
Elec.
Operating
to
$46,391,965
Shoreline
;>
a
this
served
1948
$13,518,387 $12,894,156
12,685
17,829
revenues
offered.—V.
Assistant
tne
end
east
14
1,000,000
ments
Telephone & Telegraph Co.—Earnings—
1949
entered
has
U.
P.
Lehman' Brothers, Werj,heirriM
iq the Southern New England and Southeastex-n
area
Electric,
of
industries
30
land
"Among these
National
issuance
New England
stock
company
Marcn
Hill
Hartford
tne
emergencies."
evidence
over
of
acres
which
Month of January—
.;
Merrill
New York Telephone
com¬
were
report
on
ime
Cedar
"The
.
on
steam
Hm-Vvorcester
1949, promises to.be
recently,
400
Common
(before
:
1116.
p.
SUBSCRIPTIONS—G:
OF
with The Fiist Boston Corp.,
and
common
activity turougnout the area served by the-New-Haven Sys¬
tem", said Laurence F. Whittemore, President, in a statement released
The
$2,947,351
12 Months Ended Jan. 31—
Total
Expenses and
Co.
•
Lockport.y''H;,'.*y
structxon
(COMPANY ALONE)
EARNINGS
OF
tenaers
is
70%
Lynch, Pierce, Fenner. & Beane
(the ' "dealer
managers") whereby the dealer managers have agreed to use their
best efforts to. form and manage a group of security dealers, which
shall include dealer managers/to solicit subscriptions to purcnaoe the
-
tne
be
wjuI
of
use
Itorki.
1949,"
operations
occasional
and
other
or
year
ferable
SUMMARY
about
SOLICITATION
&
Reports Probable Increase in Activity in Area it Serves
share
Balance
also
The population of thd territory provided with one
in
excess
of
1,250,000, of which the company
is located outside the corporate limits of cities.
steam heating service in the city of
services
agreement;
j-
mon
Preferred
provides electric or gas" service within areas, ii}
and western parts of- the State of New York
approximately 16,700)square'miles, or about 35% .of the
ae-
uiscioaeu.
uiso
iard
dieselized
steam
lor
Yorxi
peak tiaxfic
maybroox
remaining
except
(Boston-New
561,068
.
j
*
Oct'.: /
York
New
,the State,
more
or
its passenger service and 84%
being nanaled by diesei-eiectnc
of
all the New Haven's lines west of
and Hartxoid, incluuing me Sprmgneiu une,
except
of
uopper
of
area
estimates
10 dunng
1948,
Division
ers
407,865
return—
come-tax
A
1948, were "17
3-:Kaiesei-eiectnc \
sleeping, cars;
27
cars;
bondsj
or
,
in
gas;,
t-ompany
the' central,
eastern
l,.7o4 ;
cars;
has not been deter¬
1951
BUSINESS—-Company,'organized
and
and
.// 1^"v^:',
observation-lounge
HISTORY
aggregating
First Boston
basis)——,
return
company
2
ireight 'service,
close
pany to
$3,178,048
Provision
baggage-chair
and
1950
1852, is an- operating public utility engaged principally in the
■I production, -purchase', transmission;-distribution and sale of electricity
*
switchers
for
include/ additional banlc borrowings, sale,
stock, or some combination tnereof.
28,
*
tne
reouning iironi
requirements
common
'
v
dieaei-eiectric. yai'u switcners
and 10-diesel-electric
6o
locomotives." #
934,658
income:
Subsidiaries
New
$3,712,813
156,500
$4,115,372
—
—
1^*7,
.of
the
may
or
1949."
in
$28,762,905 $25,148,634
24,647,532 21,435,820
revenues
Operating
grin
in
located
1948
1949
totaiea
ahu
Daggage-iounge
yard-switcning mileage is now
elteytnc lOComo wve0|LNew. xxavtai
At
by
CONSOLIDATED INCOME ACCOUNT
12 Months Ended Jan. 31—
'.
the (report
$71,680,oOl,
increase,
Tnese
over
its
and
$1,310,157
$1,418,882
—
)
ii steci \,aoooses;
diesel-electnc road
22
switcners;
liVered
this
(before
shares
common
tor
increase
an
the
of
cause
.
yara
not
Balance
20
passenger-rreignt
"The
Balance
•
$135,370,332,
tocaied
On order,
tne report shows,
but not delivered-in
diesel-eltctnc
roau
passenger-freight', locomotives;.
General
—
from
result,
road
1,035,052
103,223
a—
.
income
Credit
cars;
dux
(locomotives);
tnat
1947
$2,856,832
#
192,460
(on basis of
taxes
income
return;
au-steei
on
1948
$2,-892,600
—•>
—-
Expenses & taxes other than Fed. income
Total other deductions from income
Provision
$1,494,544
(COMPANY ALONE)
SUMMARY OF EARNINGS
income
cars;
261,984
$1,635,196
12 Months Ended Dec. 31—
Total
$%oiu,un/
parlor-cnaa-
"The
—
$449,o84 over 1941,- "re-:?
passengers ' carried • one
miie
7."
unoer. 194
Principal
obtaining
mined,/, but
of
transportation .expenses.
of
rncicaoe
as
of
preferred
Passenger
cost of labor, material and fuel." ;
:
During the year 1948, tne report continues, the company "received
ana placed
in service 64 stainless steei coaches;;. 30 paiior-iounge and
(before
shares
common
261,984
349,312
—
dividenu
Balance
$1,188,626
431,491
consolidated in¬
—
in
was
xares
laftu
ior
1947.'
pletely uiesfciizou,
$1,553,016
——__—
—
leturn—
Balance
Preferred
1,472,779
1,547,558
resulting from filing of
come
343,994
1,035,052
(separate
taxes
12%
expenses
over
96%; of its
821,990
basis)
return
company
income
Federal
ior
Operating
:
$8,210,536
cars;
247,096
-
and Electric Association-
England Gas
tnan
more
"
"an
$4,169,662
Maintenance
decreasea
higher
irom
increase
an
1947,
'bx'i%..'
Va
higher
1947
$29,79b929
16,355,376
1,780,688
revenues—
enta-eiy
stapes,
1948
expenses
gas
ft.
of
*o6,69b,ttbS*,
wltn
increased
1948
increase of
tne: revenue
$98,090,981,-- an
to
compared
As
1947.
in
Monday, March J 21, 1949
financialv chronicle
amounted
1948
over
handleu
ire.gnt
totaled
suiting
J
ago.'
year
a
12 Months Ended Dec. 31—
Total
,
ACCOUNT
INCOME
CONSOLIDATED
.
-
-
'
'
'
16%)
(or
of
nines,
revenue
corresponding week a year
15,572,808 kwh lor the
output for the March 11 week is reported at 228,329,000 cu.
a
uecrease
of 12,565,000 cu. ft., or 5.22'#
beiow production
Gas
.
This
4.33,#
decrease of 674,108 kwh., or
a
ton
for
revenu'e
$13,51o,446
electric
reports
Association
this
11.
March
Freight
Association—Output—
England Gas & Electric
the
&.
was
was
put
Identical
&
Co.
and
bids
of
$9.2312
Harriman
a
share
Ripley & Co.
were
submitted
(jointly)
by Goldman,
and by The First
Volume 169
V»
Number 4787
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
.<■
(1231)
.
15
Boston
Corp. and Bear, Stearns & Co.
(jointly).
Other tenders were
$9.18 by Smith,
Barney & Co. and Blyth & Co. (jointly); $9.1488
by
Stone & Webster Securities
Corp., and $9.1188 by Otis & Co.
;
Weekly Output Increased 4.9%—
Otter Tail Power Co.—To Sell $3,000,000 Bonds Pri¬
'/•"
■'
:
r
.'
Electric output of this
company for the week ended March
63,775,000 kwh., as compared with
corresponding week last year, an increase of
60,814,000
kwh.
4.9,%.—V.
1949,
12,
totaled
The
company,
March
authorize
the
issuance
}
•
for
169, p.
bonds,
the
to
Mutual
'
The
Chase
National
available,
—V.
the
for
(Wis.)—Agent—
announces
payment
that
it
has
principal
of
and
appointed
to
when
Bank
Operating
1948
$7,447,241
15,909
$7,424,050
5,827,508
6,515,230
1,021,807
—
Net
Net
169,
thp
~-V.
Co.
Life
Insurance
mortgage
&
Mechanics
Life
Iowa,
less,
or
with
an
plans
to
borrowings
notes
would
which
be
not
proceeds
help
finance
capital stock,
on
no
22
the
on
approving
a
oper,
1949
1948
$9,064,614
$8,305,539
25,020
27,590
'
rev.__i
of
and
7
products
and
from
revs,
tCost
exceed
goods
penses,
$9,039,594
$8,277,949
Profit
6,820,095
6,185,399
General
1,200,226
„
1,123,449
tProv.
_______________
Ohio Edison
its
1949
issue
along
construction
consider
of
with
program
increasing
167,
the
from
operations.,
Fed.
share
Pacific
Coast
of
\
Net
income
Net
$43,239,659
299,685
$9,052,499
966.720
773,162
3,368,235
966,720
-
3,822,133
j
3,446,125
4,731,941
8,510,348
214,000
167,694
2,125,314
$9,637,978
2,023,793
31,073
:
31,651
/
adjustments-
I)r22,733
0102,303
$386,613
$428,541
$173,092
12 Mos. End. Dec. 31—
Operating
$798,979
$740,336
$7,429,646
$7,269,087
80,540
80,540
966,469
966,469
$718,438
$659,795
$6,463,176
•
0337,004,
Cr34,124
■
Net
bids
the
for
stock
common
70
purchase
($7.50
from
them
Co.
bids
at
a
date
in
the
Street, New York,
probably April 5.
Included
inviting
whole
a
as
Such
pan.
Pine
are
of
sealed,
1,000,000
are
to
presented
to
be
fixed
offering
will
shares
for
of
1600,
the
be
The
sale
by
and
361,840
gether
of
with
its
the
the
holdings
received
of $10,000 000 of
additional shares ($7.50
company
of
SEC
30-year
par)
sale
by
the
Cities
2,638,160
Service
shares
authorization,
of
subject
Co.
the
to
Ohio
the
bonds
and
of
Ohio
stbek
and
to
retire
$3,000,000
betterments.
stock
for
Cities
use
of
the
proceeds
bank
would
loan
the
use
of
notes
Gold
1947
>
$3,164,711
,?/
income—.
income
168,
of
also
to
share
was
authorized
common
and
amend
the
to
of
transfer
surplus—V.
169,
its
and
shares
outstanding
through
capital
to
stockholders
of
charter
increase
stock
$6,595,400
to
1946
-
$3,561,282
Dr3,626
from
its
sale
of,
property
of
its
sale
Debentures
from
$5
$3,563,434
value
to
of
$1,790,955
$1,838,890
nancing—
its
per
surplus
to
..
.
SEC has given Interested persons
until March 23 to request a
hearing upon the common stock financing
proposal of the company. As
previously reported, the proposal involves the
issuance and saie of
89,000 additional shares of common stock ($20
the
Standard
(31.95%
revenues
oper.
rev.__
!_
—
such
of
7'
one
each
Consolidated
Common
shares
net
per
'After
as
not
are
purchased
'/?"
—
stockholders,
has
shares
stated
of
the
that
it
equivalent dollar amount
common
in
or,
of
to
proposes
Oklahoma
oversubscription,
lieu
shares
of
of
the
by
1948
in
other
the
plus
sale,
not
less
stock
common
of
the
Oklahoma
169,
financing would
be
used
of
for
pur¬
than
an
Louisville
construction
1010.
p.
2,428,822
12 Mcs. End. Dec. 31—•
Operating
Operating
Federal
revenues
1948
expenses
and
State
1948
___•_
income taxes
Utility operating income
income
(net)
$4,815,431
Other
earnings
after
taxes
Gross
—:
income
$4,894,638
Pfd.
15,000,000
$1.00
$0.07
share--—
of
one
the
most
and
General
successful
in
Earnings
—V.
for
com.
Manager, said: "The
history of Packard.
Anniversary Year—in
Golden
long history."
Consolidated
net
sales
.
and
other
income
for
1948
year equalling
sales after provision of
$9,680,000 for income taxes.
Sales and other income of
$117,135,499
not
on
consolidated
a
started
basis.
merchandising
its
domestic
At
its
the
close
cars
amounted
6.48%
&
surplus
At
the
end
and
to'
return
662,263
of
1947
1948,
assets
at
cash
$2,573,573
"
427,500
current
$9,817,208
for
1947
were,
1947
business, the com¬
direct zone offices and
through
subsidiaries.
>
.
■
there
were
1,563
Packard dealers
per common share
169,
$4.62
$3.76
807.
p.
the
United
of
Dec.
U.
of
S.
$54,076,458,
and
including
Canadian
$19,334,959.—V.
169,
$15,730,464
Government
p.
in
securities
cash
and
1011.
and
current
Oregon Portland Cement
Gross
Net
sales
income
Federal
(in
427,500
$2,146,073
Co.—Earnings—
1,401,906
1,086,828
$798,584
'___„
taxes
$600,532
319,584
Net
profit
'After
.
per
'/•After dividend requirements
and
15
the
on
cents
$1,521,827
$1,330,043
79,747
90,014
$0.59
84,102
per
common
share in
$.52
1946
\
$0.54
common
allowing for $5
NOTE—During
the
per
year
$1,225,000 to $985,000.—V.
share
1948,
166,
$350,272
$5.73
$3.93
share—
p.
on
the
the
2107.
preferred
company
stock.
reduced
share
per
record
on
the
March
31.
37V2
cents
of
addition, an extra of
169, p. 1011.
of
•
50
common
i
Previously,
25
share
per
cents
was:
year.—V.
1948—3 Mos.—1947
1948—12 Mos.—1947
$
73.172,745
$
$
65.903,448 280,037,351
262,529,489
169, p. 607.
Record Year—
a
the
are
stock
1947.—V.
were
167,
20
p.
cents
per
share
in
1948
1155.
This company,
a
a subsid'ary of Ohio Edison Co., "sold more
electricity
customers, paid higher wage rates to its empolyees and earned
higher net income in 1948 than in any previous year," Walter H.
more
Sammis,
President
revenues
the
Proceeds
of
compared
Electric sales
kilowatt
plant
ordering of
in
1951
double
in the 1948 annual report to stockholders.
up
7.6% to a total of $9,016,346. Net income
$174,469 of preferred stock dividends amount to
with $1,090,770 in 1947.
amounted to
568,499,769 killowatt hours,
in
to
an
increase of
rowed
to
1
year included
the completion of a new
generating unit at the company's New Castle,
supply the steadily increasing requirements, and the
additional
present
85,000 kilowatt unit scheduled for operation
to be built to this plant, and which will about
generating capacity.—V. 167, p. 2472.
Pennsylvania Reading Seashore Lines—Earnings—
from
Net
1949
from
Net. from
debt
ry.
finance
to
reimburse
construction
Powdrell &
Calendar
Net
sales
privately $250,000 first
treasury
and to pay notes bor-'
improvements.—V. 158, p. 2620.
and
Alexander, Inc. (& Subs.)—Earnings—^
Years—
19484
1947
-
1946
__1
$23,062,990 $21,887,324 $20,574,855
Net profit after all
charges & taxes
$1,741,021
'2,074,493
3,346,464
Earned
per
share—
common
$2.90
*
$3.79
$5.57
■'After providing for a reserve of
$200,000 for contingencies. $Includ-:
ing credit of $200,000 to earned surplus of 1947 net
profit appropriated
for contingencies.
\
:
CONDENSED
COMPARATIVE CONSOLIDATED BAL.
(Including Gosnold Mills Corp.,
a
SHEETS, DEC. 31
Subsidiary)
ASSETS—
/_____
U.
Government
S.
1,789,412
(net)
taxes
other
on
9,480
2,137,605
4,753,039
Prepaid insurance premius & other
Plants, properties,
$1,184,714
obligations
receivable—trade
Inventories
and
1947
$1,622,121
Accounts
Deferred
\
1948
Cash
curr.
assets
3,279,948
133,642
131,592
93,971
.209,287
2,694,252
2,540,520
'
assets
and patents
profits not realized in consol.
Total
liabilities—
Accounts
3 >4%
railway
railway—
oper.
169,
1948
1947
1946
$683,739
p.
703.
$769,167
$711,784
'322,277
income—
'Deficit.—V.
$244,750
$162,058
1,201,625
386,628
75,636
244,864
taxes
promissory
note
Assurance Sbciety
Minority
of
interests in
Reserve
for
the
Equitable
United
218,746
subsidiary
company-
14,624
1.500,000
1,659,659
1,659,653
200,000
!____;
reserves
and
13,110
contingencies
!
________________
'After
1948
811,000
1,500,000
surplus
only.—V.
4,912.
711,000
(issued)____
Capital surplus
Total
92,568'
27,244
Life
States
stock
Earned
to
the
24,231"
$9,479,756
"
.
payable—trade
accrued
4,411
$11,128,469
.___
for
$2,260,512
depreciation
in
1947.
and
$ After
5,450,581
4,429,561
$11,128,469
$9,479,756
amortization
deducting
of
savings
$2,433,728
notes
in
in
1947
168, p. 2436.
Public Service Co. of Indiana. Inc.—
-Earnings—
Period End. Jan. 31—
Operating
Power
'182,878
'416,553
'156,612
'413,490
'528,985
$579,648
1949—Month—1948
$3,468,689
277,310
operation
1,269,380
Maintenance
220,825
Prov.
293,644
State,
for
depreciation
local & miscella¬
neous
Federal
Other
Federal
income
oper.
taxes—
284,545
256,234
3,013,344
318,000
315,000
3,273,000
2,913,000
$804,982
$773,827
$8,563,078
$7,580,646
income
income
Interest
& .oth.
—
deducts.
income
169,
p.
1011.
107,779
403,845
554,123
$837,129
178,340
$881,606
189,529
$8,966,923
2,166,998
$8,134,774
2,218,726
$658,789
income
—V.
2,792,562-
32,146
Gross
Net
1949—12 Mos.—1948
$2,971,648 $37,383,324 $31,439,527
141,367
2,940,073
1,650,645
1,032,935
14,006,987
11,302,105
182,297
2,315,895
2,143,892
269,985
3,270,945
3.056,670
taxes—
'246,200
'365,349
revenues
purchased
Other
addition
an
the
'
an
steam
January—
Gross
used
were
stated
were
payment
$1,436,533
(Pa.)
Gas Light Co.—Sells Bonds Privately—
mortgage 3V2% bonds, series B due 1961.
Capital
preferred stock.'
on
Pennsylvania Power Co.—Net Earnings Up In 1948—
250,260
$479,000
class A
-
dividend
■'
Net
•Earnings
in
of
dividends
—_
1947
Earnings after chgs. and Fed. taxes
■(■Earnings per common share.
50,000
1947
taxes
quarterly
last
quarterly
Accrued salaries wages and commissions—
Other current liabilities———
Earnings—
$1,545,638
Sales._______
$2.59
:
19^8
bbls.)
before
income
15,
a
dividend of $1
5$Accrued Federal & State franchise & inc. taxes
.
.
1948
9%, over the previous year.
Construction work for the
Years Ended Dec. 31—
April
__J____
sales
Investments
in
31, 1948, were $81,801,648, including $24,$20,629,905 in U. S. and Canadian Government
current liabilities were $34,844,357. This
compares with
assets
in
liabilities
after
$3,108,225
the'
for
and
in
securities, and
646,609
$3,535,725
427,500
on
on
Canada.
Current
951,696
$3,220,182
$3,818,178
declared
16
extra
'
_
reported
as
of
a
Working capital at Dec. 31, 1948 totalled
$46,957,291, compared with
$34,741,499 at the same date in 1947.
37,536
$4,197,988
requirements.-
stock
on
Plough, Inc., Memphis, Tenn.—1948
the
Christopher
Gross
Balance
subsidiaries
highest in 41 years. Net earnings will approximate
equivalent to $1.11 per share, another new record.
The previous record for sales was
$13,613,360 in 1947, when 82c per
share was earned,
while the highest previous net
income, $1.08 per.
share, was earned in 1946 on $10,325,546 of sales.— V.
169, p. 537.
$1,100,691
$233,162,258, with earnings for the
to
dividend
March
on
Portland (Me.)
15,000,000
•
Christopher, President
was
Dividends
$3,182,646-
28,186
648,960
income
stock
1946
$4,245,678
Total income deductions:
Net
$4,169,802
its
and
company
The company on Feb. 1 last sold
'$15,109,439
outstanding
Calendar Years—
1947
79,207*
this
1949 amounted to 150,883,600 kwh., an increase
0.5%, over the corresponding week of last year-
$500,000,
1947
termed the availability of more production ma¬
"a
prime factor" in the
1948
Packard
production total
of
units, second highest annual mark for the
company. The alltime peak of 109,518 cars was set in
1937. Steel shortage held 1947
production to 55.477 units.
,
$19,816,980 $17,749,211 $15,027,720
12,676,549
11,538,309
10,360,024
2,325,000
2,041,100
1,485,050
—
financing
year's
:////;■/..
share and
$15,000,000
$2,244,112
1,648,720
■
1,646,485
Park Chemical Co.—Sales and
Co.—Earnings—
for
12,
or
1117.
directors
Other
Oklahoma Natural Gas
through
$15,000,-:
The corporation
announces
that preliminary figures indicate new
high records for both sales and net earnings. Total sales in excess of'
21,932,112;
$2,592,063
entered
1949—Packard's
the best financial condition in its
future,
shares
Electric Co.
Proceeds
purposes.—V.
plus
stock¬
near
any
kwh.,
and,
.
$26,605,046
24,118,723
company
States
sell,
stock
such
last
and
^
1948
$29,730,403
common
George T.
year
held.
stock,
shares
from
provision of $9,680,000 for income taxes.
dissolved
remaining
1978
V
1951.-
output
March
169, p.
—V.
'3,019,617
shares
Earnings
pany
.
on
10
&
Electric
Co., parent, which owns 500,025 shares
voting control) of the Oklahoma stock, will exercise
rights for 50,002 shares of the additional
Standard
Gas &
for
funds
capital
new
Pittsburgh Plate Glass Co.—Quarterly Sales Up 11%—•
Packard Motor Car
Co.—Reports Successful Year—
Gas
the
200,000
chased
share
new
electric
disbursed
$29,864,294 $26,728,073
133,891
123,027
;___
■
the
of
subscription
holders.
to
pari
of
rate
in
company paid regular
the
common
stock,
Net
1949
...
operating income—_____
Net after charges—.—
—V. 169, pp. 807 and 381.
The
at
issue
ended
The
the
Co.—Earnings—
Net
Mr.
Stock Fi¬
on
stock
Period End. Dec. 31—
98,897
Co.—Hearing
of
year's
1,012,000
$1,637,371
terials
Oklahoma Gas & Electric
sufficient
has
2.099,353
Operating taxes
The
$7.50
earned
$40,000,000
refunding 2%s of
stock, both payable April 15 to holders
$3,736,724
1,724,544
Operating, revenues
Operating expenses
due
909,
p.
and
.
•
$3,717,684
19,040
2,152
1,370,130
January—
Operating
has
for
par
fi¬
Philip Morris & Co., Ltd., Inc..— Increases
Quarterly
Dividend and Declares Extra of $1 per Share—
|
$3,161,085
deductions—
______2_.
Uncollectible
grant preemptive
the
first
it
its
/
„
Ohio
authorized
said
changed
which
next
The
week
2229.
p.
Month of
.
rights
raised
company
$
competitive
proceeds
redemption of outstanding 5%
1958.
of
to¬
had
out
stock,
common
-
Calendar Years—
previously reported, Ohio would
additions
mortgage
stock,
shares
638,160
results
bidding.
As
first
common
of
it
Weekly Output Increased 0.5%—
sale,
638,160 shares to
be
sold
for
Cities Service
Co.,
the
parent, and 361,840 shares for;
Ohio Fublic Service.
A review
meeting for prospective bidders, attended
by representatives of the
selling companies, has been scheduled for
March 23, in New York.bonds
revenues_^_„
Pacific Telephone & Telegraph
written
Room
at
later
that
financing
ferred
on
Gross
—V.
Service
announced
to complete its present expansion and improvement
is projected through 1953,
common
stock offering, it is expected that a new
issue of securities will be marketed each
year through
1953.
Present,
plans, which are subject to revision, also contemplate sale of
a
pre¬
$16,045,871 $15,645,291 $14,301,472
12,881,160
12,084,009
10,583,788
__
(net)
Net interest -and other
Service Co.—Invitation for Bids
for the
Purchase of 1,000,000 Shares of Common Stock—
Cities
the
10
Instead of issuing new securities the
previously planned, the company said it will:
for 1949 through short-term bank loans.
preferred stock.
company
cents per
Net operating
Other income
Ohio Public
.
deductions
$6,302,618
stock
1948
revnues
revenue
Subs.)—Earnings—
1
379,220
6,171
87,041,495
year.
as
$25,000,000
4.3%
Aiter
—V.
(&
''
■
of
program
for
Operating
,
377,539
Cr35,503
and
of
public
-V-;
4,901,439
$9,595,494
$7,391,025
carry it through April or May.
It will then resort to bank loans,
and may borrow up to $25,000,000
by the end of the year.
The
revised
financing program contemplates the sale of common
stock early in
1950 to raise funds to pay off the bank loans.
Thr
company probably will have to raise about $115,000,000 in the form of
:;:
pefi6d_l____—__
for
1,980,000
1949—2 Mos.—1948
$3,532,870
to
$232,174
059,082
_
this
requirements
year
sale
"
$250,167
17,804
$326,238
■
<
its
000
5,283,781
March
on
for
plans
the
220,000
Pacific Power & Light Co.
$945,853
194,412
.
results
reserve
'
company
company
Last
$5,533,948
Ce-
other
1949—Month—1943
$3,657,354
part of the year,
finance
$409,346
and
4,595,564
$7,126,731-
169, p. 208.
latter
1946
tAfter deducting
(1948)
$75,000 transferred
from
postwar adjustments to offset the approximate loss
in
certain lines of merchandise
being closed out due to postwar economic
conditions.
JOther than capital gains tax on sale of stock of
Pacific
Coast'Cement-Corp; and.SS.. Diamond Cement.—V. 168, p. 2545;
20,919,i62
3,683,642
80,560
1G9, p. 908.
The
4.118,596
$8,017,932
2,054,865
•Preliminary.
.
23,848,968'
disc.,
expense
pfd.
Balance
—V.
$46,648,898
1,995,509
$988,961
L—_
on
$4,0.94,769
861,151-
deductions
Dividends
384,727
$772,746
——
—V.
189
surplus
-
80,560
____
and
318,553
$866,767
Peoples Drug Stores, Inc.—February Sales Up 3.5%—
'
taxes___j
debt
premium
.
charges—
—-_—
nancing
1947
$542,151
%
before
$12,136,528 $11,722,295
etc.,
The
$627,673
Crl,673
—__
income
on
9,812
$1,157,473
income
Period End. Feb. 28—
-//y
(net)
taxes
4,715
$1,185,320 '
—
Philadelphia Electric Co.—Bank Loans Planned—
H948
merchandise
(net)—
income
Sales
au-.
1,913
1949—12 Mos.—1948
334,451
long-term deb—
Amortiz.
Other
income
,
2260.
p.
975,623
plant
income
on
111,964
revenues
Dividends applicable to pfd. stocks for the
period
—V. 169, p. 1011: .;
value, from 2,000,000 shares to 5,000,000
split-up of the present outstanding 1,357,157
other
-adjustments
Surplus .and other
$4,400,654
2,135,529
expenses —
depreciation
__
Int.
63,327
3,328,253
plant,
1696.
p.
$969,101t
1,009,236
1949—Month—1948
/ acquisition
ad justs.
General taxes
-___)
Gross
$11,610,331
Net
sold,
interest
for
Minority
$1,019,273
Co.—Earnings
_—_
Federal income
$12,073,201
Interest,
'
Period End. Jan. 31—
A
$1,147,661
3%.
bond
the
operations. $11,425,743
operating ex¬
deprec., deplet. and taxes -10,798,070
of
Profit
Gross revenue
Amortization
1,728,675
$1,190,035
elec.
oper.
Other
'•
for
1,728,675
The
169, p. 703.
Prov.
3,861,168
' 144,056
Net
Pacific Coast Co. (& Subs.)—Earnings—
Sales
income——.______
charges
-
Operating
286,000
144,056
of
acquisition adjusts.—
company
said
would
from time to t;me prior
to
of
will
basis.—V.
535,539
174,966
and
par
three-for-one
$67,225,503 $59,167,961'
42,598,411
"35,457,874
574,771
5,157,322
5,261,011
168,358
1,808,726
1,781,817
366,000
Milwaukee, Wis.—To Split Stock—
March
3,286,067
taxes
Amortiz.
the
issued
rate
outstanding short-term notes.—V. 168,
on
$5,606,913
3,969,332
taxes
Other
1949—12 Mos.—1948
$6,379,928
Co.
use
to
1949—Month—1948
—
taxes
,
Gross
interest
revenues
exps.,„ exch
Depreciation
Insurance
of
End. Jan. 31—
Federal
proposes
to
sell the
New
York,
Provident
of
Philadelphia, The Farmers
V Years Ended Dec. 31—
operating
after
Company
first
Oper.
is
stockholders
shares
Co.—Earnings—
revenues
Operating revenues
Operating expenses
Operating taxes
Net
3Vfe%
Period
Operating
to
617,887
Month of January—
Net
1949.
Commission
-
Ohio Bell Telephone
Uncollectible
bank
thorized
■/..
Operating
30-year
Insurance
of
Pabst Brewing Co.,
$724,942
689,399
also
company
The
871,600
807.
p.
1,
Life
Co.
Power
Minneapolis, Northwestern National
Co., Equitable Life Insurance Co.
year
and to repay
$892,567
March
Mutual
1951,
shares, and
operating income
charges
l
after
—V.
a
23,191
$8,429,604
Operating revenues
Operating expenses 1
Operating taxes
in
31,
Dec.
The
1949
revenues
$3,000,000
Federal
.
to
$8,445,513
revenues
Uncollectible operating
of
the
seeking FPC authorization to borrow amounts
exceed
$4,000,000 at any one time on short-term unsecured
A
previous Commission order fixed $2,500,000 as a
ceiling for
mature
Month of January—
asked
the company's bank loans.:
The
unsecured
promissory
p.,1010.
Northwestern Bell Telephone
Co.—Earnings—
•
of
Life
company
to
notes.
1979.
14
Mutual
Insurance
Minnesota
The
.
not
reg¬
dated
The
Life
Bankers
The
been
interest,
exchange temporary bonds for definitive bonds,
$10,000,000 first mortgage bonds 3% series due
of
169,
Bank
York
agent in New
ister and to
Co.,
be
to
bonds
116./:
Savings
Northern States Power Co.
Pennsylvania Power & Light Co.—Earnings—
vately—
$692,077
$6,799,924
$5,916,048
1C
(1232)
THE
Public Service Co. of New
Hampshire—Earnings—
Period End. Dec. 31—
1948-Month—1947
Operating revenues—-, $1,193,712
Total
cost
Other
01
puwer_
expenses
428,675
Depreciation
1
General taxes
Federal taxes
79,611
income
on
1.137.906
11.9,478...
Cr9,200
1.676.907
76,608
157,778
__
Cr54,000
Net
operating income
Nonoper. income (net)_
$195,529
'
income
deductions
Total
$180,152
$2,491,135
728,353
the
Net
income
stock
to
487,899
$123,624
341,700
$1,823,551
341,700
$95,404
$110,768
$1,421,082
$1,481,851
$0.11
$0.13
___
per
share
stock
of
oommon
___
Period End. Jan. 31—
Operating
Total
$1,762,782
28,220
requir._
Balance
Earned
$138,988
28,220
.
div.
1949—Month—1948
revenues
cost
of
$1,222,726
power—
319,314
i
Depreciation
Taxes
107,177
other
Federal
than
taxes
Fed-
150,036
income
on
99,500
stock
effect
common
income
47,000
602,500
578,300
$178,076
$2,580,371
$2,241,989
Dr 1,552
Dr2,095
Cr29,000
Z)rl,084
,
$2,240,905
501;946
$123,556
$1,856,779
$1,738,959
28,560
28,560
341,700
341,700
for
J
-
per
com.
$188,993
snare-
"
-
$94,996
$1,515,079
$1.81
Sales
of
stockholders
on
April
will consider empowering the directors
i.n
indenture supplemental to the first and
refunding
and authorizing "the-issuance of not more
than $75,000,000
thereunder.—V.
18
169,
Period End. Dec. 31—
Operating
Operating
revenues
$7.30
Light Co.—Earnings—
1,613,364
135,000
1947.
the
ment
fourth
of
330,142
,
$28,730,504 $27,215,363
20,563,489
18,284,140
1,621,404
1,966,650
$586,368
42,762
$6,545,611
13,537
$6,964,573
60,213
$486,117
$629,130
$6,559,148
$6,957,148
179,892
income
199,473
2,321,265
2,356,974
$306,225
—
Divids. received
irom
Transportation Co.,
sold
in
applicable
$429,657
$4,237,883
$4,600,174
lormer'subs., North
the
1948,
thereto
investment
net
his
letter
substantial
a
paid
taxes
thai
pany
late in
interest
the
169, p.
of
for
in?.
___
_
L———-I—
stock
common
1
f
sales,
518,650
$5,207,287
1948
687,500
$4,519,787
"While
in
$4,431,324
112,083
128,539
of
and
84,257
110,45(j
87,641
1,292,937
2,549,378
83,292
1,752,747
1,747,454
$19,349,705 $15,557,429
$7,333,777
inc.
the
recent
operations
86,866
1,243,423
$6,327,831
4,898,523
tax
4,981,059
466,352
238,885
66,519
/'/" 38,079
on
3,292,815
2,875,531
oper.
$5,382,408
$4,691,683
i_
131,218
809,343
432,811
131,218
•Net
inc. for year
Pfd. div. requirement
Poison
weeks
$5,513,626
$1,320,507
$409,530
193,094
$4,822,901
$1,320,507
$602,624
34,161
67,253
67,265
■
„——
applicable
common
in
as
sales
stock—
$5,513,626
there
$4,788,740
$1,253,254
$535,359
$6,92
$5,98
$1.92
0.17
Nil
0.30
Years Ended Dec. 31—
sales (excl. of inter-co.
Cost .01 sales
(excl. of
$6.15
-
$1.92
$0.82
Subs.)—Earnings
1947
1946
$47,359,369 $42,077,964 $33,987 712
and
37,273,288
4,699,355
31,333,712
4,513,455
4,611,002
$5,386,727
$6,230,797
$5,710,296
279,439
and
234,888
$6,465,685
Other
1,637,189
1 869 071
121,900
155,675
income
1,744,167
1,506,650
—
tax
1,538,100
abandonment
plant,
net
of
of
23,666,414
subsid¬
related
<fc
general
:
•
;
-
-
-
•
.
.
;
property, plant &
11,575,107
767,977
equip.
615,662
2,441,617
2,277,587
n
" 2,409,448
801,600
1,188,800
3,433.919,
:
1948
■
_______
3,336,318
$4,168,583
—
169,
Month of
..
13,673
$4,178,994
$4,156,323-
1,174,838
______•—1
'
910.
,,
$3,004,156
.
1,253,439
$2,902,884
-
...
Corp.—Earnings— •
January—
Operating
by>
'
:
'
*J
1949
.
revenues
s'1 *- *'
-
1948
-
$892,379
Uncollectible operating
'
.
p.
$4,142,650
10,411
________
income
income
$742,058
revenues—2,095
T,
Operating .revenues',".
,$890,234
Operating expenses —r_'_—650,419
Operating taxes131,435
p.
dePaul
RCA
Common
169,'
has
department
Federal
inc.
of
been
of
Division
Thomas
P.
President
Navy became effective
taxes
$2.98
$2.63
elected
the
RCA
Vice-President
Victor
Director
.as
Wynkoop, Jr.,
of
on
this
March
quotations
net asset coverages of
Per common share
972
7,070,000
beginning
of
preferred
stock
end
on
of
period
common..
depreciation
of
$3,099,829
of
1948
and
accounts
Raw
BALANCE
SHEET
DEC.
'
$4,092,587
Proceeds
.
Bids
Co.
in
3,414,679-
-i__
process—
or
market:
■____
Finished goods
v •
——
and
advances
to
charges,
18,719,930
:
> •
■
-' V
:
V
724,812.:
32,288
201,976
22
508,592
year's Federal taxes
profits tax credit
etc—
Harriman
421,920
-
'
its
of
Materials
United
corporation.
1.—V.
as
States
636,802
of
Feb.
Outstanding
bond—
.$64,635,393 $62,523,907
freight diesel
4,500-h.p.
as
portion
V *
$2,000,000
" 157,434
150,618
2,363,677
2,555,400
1,679,585
in
1948i
"In
the
313,103
16,000,000
18,000.000
port.
liabilities
Preferred dividends payable
;
.
.
Notes
payable, due after one year.,
Timberlands purchase obiig., due after
Minority interest in subs, company
.
one
Inc.
Common,
Earned
11
99.543;
and
placed
ten
•
Kidder,
Lehman
in
which
of
1,000-h.p. switchers
../ ://■.'
more
order
line,
to
and
permit
to
401,907
year
591,245
3,739,396
complete
at
preferred
stock
(par
stock
$1)
(par
His
were
net
a
control
charge
in
had
to
baggage
The
new
October,
Navy
retirement
1949,
securities
'
„
&
626,205
dissolution or
this
shares
on
169,
(ret.),
from
order
on
presently
$25
April
993,871
of
operated by
Texas,
and
$2
benefits
:.v /
in
such
cost
of
$3,044,590.
Construction
141.37
2,441.49
been
after
per
L.
a
of'
the
new
facilities
cars
placed
were
the Frisco
the
and
/'
'
"
in service
the
011
Texas
Katy
Lines between
the Frisco between
operated by
'
.
>
/ '
1
Special,
St.
and
Louis
St.
Louis
'
and
;
,
1948
,
.
1947
993,S71
$
3,229,108
Total
operating
revenues
119,724,070
110,018,734
Total
operating
expenses
95,102.268
86,362.270
$62,523,907
revenue
24,621,802
23,656,464
cumulative
dividend
$37.50
to
will
consider
are
now
of
series,
share plus
Net
per
en¬
ac¬
Ry.—V.
Wood,
value
par
operating
4
into
•
.
of
non-voting
1948
.
in
decline riri
-
$0.45
his
1947
'
•
.
$2.85
stated
;
3,419,898
69,913
210,066
222,408
12,585,591
11,186,422
699,927
(net).
929.115
561,836
:—
railway operating income—!
Total nonoperating income
Total
income
Deductions
Fixed
13,285,518 ••11,748,258
—
from
income—-
charges
7__
—
88,482
.___
362,52?
3,333,878
1
i
Balance
1946
that
'
2,979,703
_
-
-
..
charges:.
-9,863.158
8.406,028
2,472,062
,1
Balance
$1.40
there
;
;
2,516,216
;
7,391,096
per
common
CONDENSED
l
prices during
the year, such reductions
have been more than offset
by increase in
wages and other operating expenses.".
Wood also pointed out that theextensive plant modernization
program is pearing completion and the
anticipated benefits from improved paper machines and new
highpressure boiler, turbine and generator
-equipment are beginning to be
realized.—V. 167, p. 1261.
'
.
fixed
'
$0.40
"while
material
after
Contingent, charges
Air
Earnings
$0.70
.$1.24
report
major'raw
rents
4.583,539
;
.
—$13,340,417 $15,320,227,$10,886,805
;
571,338
1,313,810
*
647,698
.
facility
Cr)
(net
4,314,110
3,741,240
divi¬
Pennsylvania RR., Seaboard
169, p. 1118.
" 1
;
-
.....
Net
5,562.818
3,451,203
taxes—
Hire of equipment
four
Ry.
*
President,
other
taxes—
split-up
4,811 shares of
guaranteed
stock,
13,169.
shares
: "
—^
substantial
to
Co.—Earnings, Etc.—
taxes—
share
proposal
by the Richmond-Washington- Co., aby Atlantic Coast Line RR.; Baltimore
Ohio
,
"share
a
outstanding
6%
90,175
'
controlled
controlled
______—
per
the
in
portions of
territory, the pur¬
was
Meteor,
Tulsa-Oklahoma City.
Joint
18
There
Chesapeake &
Sales
profit
expected
certain*
of
14,049,287
outstanding stock of $100
value.
par
company
is
corporation
Charles
$22.64
are
•.
15,655,125
910.
obligations.
Dividends
follows:
'
on
Line RR. and Southern
Net
in
3,229,108
redemption
p.
Calendar Years—
company
1
of
RR.,
by,
$64,635,393
stockholders
Ohio
1949
in
21,841,583
,
River Raisin Paper
;
as
15,655,125
^
dividends.—V.
„This
4,500-h.p^
service
in
cars.
passenger
jointly
All
holding
company's,
New equipment received included
1,350 freight cars. 26 lightweight"
streamlined passenger cars ancl 12 troop sleepers which were converted
income
of
this
011
placed
taxes
has
28,
$25)
_
share
(Jointly),-
at Springfield, Mo., continued.
Cen¬
placed in service on about 105 miles, and
of 149 additional miles was authorized and is in
progress.
traffic
Payroll
each
Peabody & Co.,
Brothers
service
dieselization
maximum
secure
yard and other terminal
Federal
The
;
CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED DEC. 31
surplus
to
the
almost $20,000,000 in 1948
alone, the report revealed.. Equipment;
improvements were made at a net cost of $16,485,546, and roadway
"After reserves for
depreciation of $19,980,602 in 1948 and $18,617,254
1947.
titled
of
$5,680,647.
1,500-h.p. all-purpose road switchers has been authorized."
/ The Frisco's postwar modernization program progressed to the extent
(Outstanding
in
75(7)
estimated
of
1,246,754
313,103
current
Co.,
locomotives
locomotives,
first half of 1949.:
installation
$2,000,000
purchase obligations,
payable
&
than
more
an
2%s, in addition to the, win¬
Hutzler, 99,7453; Halsey. Stuart
The remaining 12 are expected in March and
.April,:, 26 addi¬
l,0O0-h. p: diesel switching locomotives were placed in service
tralized
•
•
and
He
169, p. 381.
cumulative convertible
preferred share, $50 par—__
Per collateral trust
169, p. 704.
.
'
Ripley
not
costing
chase of 20
;
-
•
___
•(Cumulative
finance
certificates
January.
260,863
deposits—240,901
excess
and
payable, current
will
equipment
the
Inc., 99.713; White, Weld & Co.,
tional
18,953*744
32,288
LIABILITIES—
Timberlands
sale
new
for
March 4 to holders, of Frisco
voting trust certificates.
./. "By mid-year," Mr; Hungerford said," we leceived 14
road freight diesel locomotives, which are to be
augmented
v
—
Total
r
the
of
in mid-year
1948-partly offset labor and material cost increases
aiding in more efficient freight train performance records, Clark
Hungerford, President, said in a condensed annual report mailed on
wholly-owned
Canadian subsidiary, at cost
Estimated refund of prior
Deferred
from
price
by
' 742,823
'•/" 937,771
1,004,098 '
1,090,206
*1,822,046
V'414,709
.
_
——_.
.
.
lines
3.623,491
.
in
on
received
Road
•
4,678,280
;
V '
-
2,041,380
Advances to logging
contractors, etc.—Vj
527,603
"Land, buildings,' machinery and equipment
.'. 21,250,736
Timberlands, timber, logging railroads, etc., less V
^
depletion and ■.amortization——„
19,740,511
Fund designated for
plant changes (represented
by cash and United States Govt, securities)— •/;/ 724,812
Investment
certificates went to a group of eight
managed by Harris, Hall & Co. (Inc.) on
winning bid for the issue, naming a price
a
21/2% coupon, produced a net interest
Issues Annual Statement for 1948—
4,454,140
•
5,676,681
of cost
4,522,398
,
—
99.524;
$5,726,233
:
Supplies
Ry.
Equipment Trusts Of¬
offering of $4,260,000 in l-to-15-
The
99.8166
99.53;
V
SI,722,885
equipment
purchase
31
1947
$1,944,447
were offered to the
public immediately
prices to yield from 1.45% for those maturing Marciv
15, 1950, to 2.70% for those maturing March 15,-1964.
Associated in the offering are: Blari &
Co., Inc.; Equit¬
able Securities Corp.; Phelps, Fenn &
Co.; Schoellkopf,
Hutton & Pomeroy, Inc.; Coffin &
Burr, Inc.; W. E. Hutton & Co.; and Reynolds & Co.
and:
1948
1949—2 Mos.—1948
$880,424
ning tender included:^Salomon Bros. &
receivable.
materials
$976,238
The certificates
yV
'
'■>
at
$7.30
for
12,038
.
cost for the road of 2.522925%.
496,935
$9.09
depletion
209.
underwriters
$14,049,287
_i___
and
p.
March 17.
1,252,410
$21,841,583
—
61.406
1949—Month—1948
:_
169,
St. Louis-San Francisco
7,292,716
1,252,410
1,242,339
84,456-
$39,067
.
'=•'v'K:'-fXV'ri
fered—The company's
$8,505,916
j
.('•
'
Period End. Feb. 28—
—V.
$24,336,332 $15,798,632
\/v
.
United States Government securities
Notes
'*.
Sales
23,060
period-—..14,049,287* ;
$108,430
1'
617,563:
4
.
Rose's 5, 10 & 25-Cent Stores, Inc.—Sales—
5,325,000
174,965
$741,086
169, P- 113."
}'•
-
•-
$10,287,045
—
Inventories, at the lower
dend
in
Division.
Per 4%
3Y4%
i
$17,532,010 $13,853,976
company—
7(»
guaranteed
stock,
193
shares
shares of voting common stock
Railway & Light Securities Co.—Asset Values—
market
thereon
:___
subs,
—_„——
Earnings
upon
Net
1947
.
operating income___
after charges...
—V.
;
$18,174,661 $14,316,336'
642,651
462,360
___
,
ASSETS—
$2,442,626
1011.
elected
1948
stock
Cash
shares
Goubeau
p.
Net
$63,411,202 $49,964,041*
34,834,122
1,338,934 : 1,081,675V
____•
expense)
income
on
in
surplus
per share
Earned
.
Victor
;
„
Richmond, Fredericksburg & Potomac RR.—Plans
Split
$2,764,612
$2.74
2230.
materials
.V
.
that, in .'some
year
surplus
Cash dividends:
$2 cumulative
164,042
$2,543,865
share—
sRear. Admiral
—V.
the com-,
controlling.
■
ftadiomarine Corp. of America—New President—
reports
\ ,;
13,626,960
Rochester Telephone
.
•
.
income
Balance surplus
crued
Radio Corp. of America—New
Vice-President—
Based
by
a
.
•/.
—
expenses
Net
tax
___
Net
profit
Earnings per
the
—v.
,.44,482,854
(including int.
before
taxes
Minority int.
114^250
depletion
tax——„—_
income
been
to
value.—-
;
1948
1947
\
$27,954,725 $25,577,741
/
income deductions
Net
equipment...:He
indications
•" ■>';:;rf/.
V-;?
Capital surplus
____
—
recoveries
has
$2.03
effect
par
Corp»—Earnings—
and
operations—- $17,589,414 $14,048,244":
.l' :585(247
•
268,092
Total
income
been
_____—______
expenses
Federal
$5,932,597
1,462,301
expense—
profit
Total
income
Depreciation and
1945.—V.
110
.
222,301
$5,666,166
gen.
income
the
plant
CAPITAL—
_______
admin,
Operating
(&
1948
sales)..
deprec.
Joined
,'
,
giving
of
____,
income
Gross
may
—
from
Accounts
Net
the
Other
not be as favorable to a high
I feel that the demand for our products,
1948,
Accrued
Vincent
shares
V
Operating income
\
••
reduced-during
—
administrative
income
Notes
$7.09
Quaker State Oil Refining
Corp.
of
.of
was
;
sales
Profit
Other
$0.52
0 17
p. 2546.
168,
after
2,746,238
improvements
Total
depletion)
have
1949
_*u
of
Sundry investments
Earnings per com. share:
Operating proiit
Net capital gain
—V.
Logging Co.,
during
arising from unused
Net income
iary's
345,000
Other taxes
CONSOLIDATED STATEMENTS OF INCOME FOR CALENDAR YEARS
Goods
7,611,825
378,390
480,222
charges—
Fed.
on
on
purchased for resale
gas
for deprec. of
Federal income taxes
by pay-t
steps which have been taken during .the
past-few-years to
strengthen the company's position will result in another
year of high
production and satisfactory, earnings." ••
•
- •
.
•
'
10,194,260
2ZZ
profit from
capital gain—
Loss
Electricity and
Provis.
the
1945
2,562,444
other
Net
Federal
(Based
$4.17
3.66"
.
value,
par
Maintenance
Edward Bartsch states that
retained in. the business to
were
and ^improvement
CONSOLIDATED
1946
2,926,393
income
State
■*•'.
.
15-year term loan of $20,000,000 obtained
in connection with, the acquisition of
in
conditions
-Earnings—
2,930,941
____„
Nonrecurring
Other
-
no
operating revenues—
Operating expenses
&
L
other
and
■expense
Selling,
dividends.
$6.51
—
of
Total
687,500
1947
128,370
___
Depreciation
—V. 168,
earnings
"
1948,
basis
Concluding his letter, Mr. Bartsch states:
$5,118,824
gals.
gals
and
sales
1948
tons—
production,
to
"
during
annual
' '
"Including
Puget Sound Pulp & Timber Co.
Net
stock
$2
a
$2,000,000.
;;
Calendar Years—
Pulp production,
Pulp sales, tons_
for
on
1947,
$2,276,817 for 1947.
Prov.
put
stockholders, President
Balance
Net sales
shares
Rochester Gas & Electric
Total
the common
was
share.
replacement
Total
969,404
dividends
Balance available
Cost .of
240,000
159, p. 386.
>
,
which
—
_
Alcohol
,
Substantial
on
the stock
per
to
646,030
$1,046,415
_____
____
additional
one
previous year.
were
share
for
1,330,559
$1,608,262
:
—
,
Dr7,425
Coast
in
inc.
Fed.
of
income
preference
Alcohol
V.
$10,287,045 for 1948, as compared with
payment of. preferred dividends, this repre¬
the common stock for 1948 as compared with
on
quarter
cents
50
provide
Net
—v.
will receive
1949,
748.
p.
on
preferred
to
After
per share
Regular dividends
in
Selling,
$425,904
net--,—
Balance
Net
168,
"Based
1948—12 Mos.—1947
$2,529,874
2,003,206
Int. & amortization
Prior
increasing the authorized
221,466 shares to 442,892 shares,
If this proposal is adopted, leach
stockholders.
Total income
was
;
$63,411,202 for 1948 compared with $49,964,041
all charges, including Federal income taxes'
share for the
per
"Cost
income
on
income,
Net
:
—
'
487,936
after
amounted
for
$9.09
to
income
1011.
p.
&
$2,564,110
Net operating revs
,
contingencies.
for
will consider
6
held.—V.
•
1948—Month—1947
expenses
Federal taxes
Other
taxes.—_—
profit
"Earnings per class A share.—
(Earnings per class B share.
value from
Inc.—Reports
$7,070,000,
$8,505,916
Net
Paget Sound Power
•
Net
industries
"
,
authorize
hands
$300,000
of
April
par
share
amounted
1947.
sented
$1.67
-
Public Service Electric & Gas
Co.—Bonds Proposed—
of
each
income
Net
Two-for-One—
the annual report to
in
$1,397,259
;$0.11
:
$0.23
p. 2690.
mortgage
$7.40
1947
$2,180,381
1,363,550 *.
$1,368,291
$6.94
1948
$4,302,371'
depletion—-1—_
12 Months Ended Dec. 31—
level
The
$1,282,577
on
no
Co.—Earnings—
-
Balance
to
62,604
$11.98
split-up.
stockholder of record April 7,
adds
$217,553
dividend
requirements
168,
$2,609,371
752,592
52,425
62,582,:
$2,213,371
two-for-one
a
stock
income
Preferred stock
Earned
$175,981
-
76,664
___
62,469
Operating profit
Depreciation and
Improvement for
1948—The company, producer of highly purified wood
cellulose, shows a substantial improvement in sales a$d
earnings for the year ended Dec. 31, 1948, according to
In
$294,217
_„
deductions
—V.
1949—12 Mos.—1948
of
Rayonier
'
Gross
Net
$1.77
$2°5,76'9
Net
operating incomeNon-oper, income (net)
Total
-
$1,161,789 $13,498,025 $11,996,527
430,233
3,783,136
3,650,442
294,651
3,671,820
3,141,849
90,189
1,154,895
982,707
121,640
1,705,303
1,401,240
250,930
Other expenses
$1.69
v.
/•
Riverside Cement
Calendar Years—
stock
setting aside
stockholders
share
Pfd.
Monday, March 21, 1949
1946
$1,430,895
share
common
To Split Stock
-The
$2,311,450
41,164
$193,964
70,340
1947
$1,345,159
"$2,275,840.
stock-'—.—
common
per
common
■Gross
taxes_v__———:
preferred
the
for
"After
DrQ2
28,458
CHRONICLE
Federal
Net
$2,311,532
Dr 1,763
1948
,
after
on
Earnings
632,900
$2,462,677
$181,915
Or 1,565
earnings
Dividends
974,785
1,387,946
550,000
FINANCIAL
Calendar Years—
Net
$13,437,087 $11,886,869'
3,962,440
3,460,742
3,647,157
3,118,964
419,728
305,495
&
Raymond Concrete Pile Co.—Reports Record Earnings
1948—12 Mos.—1947
$1,097,027
389,122
•
COMMERCIAL
'
-
share-.
$3.46
CONSOLIDATED
AS
r
ASSETS—Investments
in
OF
GENERAL
DEC.
road
and
31,
BALANCE
5,889,812
/..'
$2.25
SHEET
s
1948
•
-
■•;
equipment
property . and other
$13,187,933; temporary cash invest¬
ments
(U. S. Government
obligations), $29,507,198; special deposits,
$3,062,870; material and supplies, $9,114,689; all other current.assets,
$7,421,337; deferred
assets, $198,090;
unadjusted debits,
$1,301,189;
total, $305,663,759.....
.1.
if.
,
investments,
$241,870,453;
cash,
.„
LIABILITIES—Common
j'
...
.
'
,
stock, no par (stated at $50), $62,057,850;
5/0- (par $100),*.$61,859,700; first mortgage
bonds, 4'/&, due 1997, $69,945,100; second mortgage income bonds, 4»/2%,
•
Preferred
stock
series
•
A
(Continued
on
page
55)
Volume 169
Number 4787
THE
.
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1233)
Stock Record «» New York Stock
Exchange
MILV RANGE OF PUCES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
Range for Prevtone
STOCKS
Year 1048
Lowest
$ per share
63%
Dec
2%
Dec
44%
Dec
14%
79%
Feb
35
6%
Dec
7%
Feb
xl8%
99
35
Jan
41% July
,
Dec
«
Nov
28
13%
Dec
Nov
2%
Jan
21% May
80% Jun
Dec
Dec
34
Dec
Mar
xl71
109
96
Dec
,11%
Mar
198
'
<
18'/a
1,300
40
29%
40
29%
17%
17%
Air
Inc
Allegheny & West Ry 6%
24
3
Mar
Mar 12
$4.50
24
Allied
1
Allied
2
28 % Jan
90
6
Jan
20
30% Mar 18
6% May
3
Jan
3
44
Nov
50
Jan
39
Feb
17
43
Jan
121
May
89 % Feb
7
103
Jan
20
34
Dec
Jun
34% Jan
3
40% Jan
25
10
Mar
68
Mar
6% Jan
51
3% Jan
6
9 % Mar
3
Jan
4
6%
American
3
3%%
18% Mar
29% July
20% Jan
Jan
7
58 %
70
62% Jan 19
8'A Mar
1
66 % Feb
14
11 % Jan
6
31% Mar 18
35
Jan
10
104
Jan
11
May
14"% May
43% May
103
Nov
111
6%
Sep
3
Dec
Jun
3
100% Feb
25
7 % Feb
24
24
10% Dec
10% Jan
Co
Shoe
Co
17
28%
28 %
28%
3
American
3
3% Jan
7
91% Jan
17
Jun
172% Mar 17
Jun
27
Mar
Jan
76
Feb
20% Feb
177
24
27
2
Jan
20
33% Jan
82
11
1
22% Jan
7
106% Mar 15
108% Feb
15
44% Jan
7
May
Jan
110
Aug
Dec
51
May
39% Feb
15
15% Feb
8
10
21%
Broadcasting
Co
Feb
Jan
3
105
Mar 12
Feb
American Cyanamid Co com
lo
3%% conv preferred series A_100
29% Jan
3
35
Mar 18
American
Oct
15% Feb
24
Apr
% May
89% Jan
13% Jan
5
19%
Dec
19
1%
Sep
4
■«'
Dec
42
6%
Dec
17% Jan
17
1% Jan
44
2% Jan
Jan
14%
Jun
Nov
77%
Jan
38% Jan
51
Jan
31
35%
Dec
43 % May
35% Jan
37% Feb
4
3%
Dec
"46
7%
5%
53
Feb
Jan
10%
Dec
8
Jan
Feb
15 1/b
.Jan
47'A Jan
24% Jan
'A May
92
47
Jun
6
Feb
23
Jun
16%
Dec
26%
Jun
15% Feb
88
102
12%
72%
6
Lowest
$ per share
Dec
;
12% Feb
35
July
93
98
Dec
5%
29
6%
Dec
Dec
8%
Feb
35
Feb
5% Jan
Nov
86 %
162%
Nov
6%
16%
12 Va
Jan
Feb
28
Oct
38
Sep
46
7% Feb
95% May
Nov
46%
139
31:
125
176
Dec
Feb
Jan
170
6% Mar
38
May
163 %
Jun
140
Jan
Feb
47% Feb
89
14% Jan
7
175
25
American
41% Feb
25
56% Jan
7
Feb
11
154% Jan
10
5
130
Jan
3
135
Jun
23% Feb
24
28
21
Dec
27
Apr
21% Jan
10%
Dec
24%
Jan
9% Mar
6
Mar 16
Jan
6%
7
American
American Sugar Refg common
7% preferred
Jun
143
Jan
Jan
60
% Jan
68
Mar
135
Jan
145
Jan
24
63
Jan
7
131
Oct
46%
144
Feb
Nov
6%
X33%
'90
71% July
120
Dec
8%
Nov
;
Dec
51
Nov
30%
Feb
8%
Jan
38% Feb
89
Feb
91% Mar 11
73
Feb
5
80
Mar 16
Jan
17
31 Va Mar 16
35% Jan
32
35% Jan
8
107
Jan
•
Jun
60%
Jun
36%
Jun
14
52 % Jan
25% Jan
102
8
18% Feb
Feb
20
10
27
Jan
3
Mar
2
55% Jan
27
23% Jan
4
3% Jan
105
24
For footnotes see
page 28.
30% Mar 14
13
6% May
Jun
3
Jan
50% Feb
Apr
34%
Mar 14
7
10% Jan
_
12
4% Jan
5
30% Jan 28
Tobacco
7%
Woolen
Amer Zinc
,
Wire
&
Clayton
Anderson-Prichard
Andes
Copper
&
Oil
Corp
Mining
A P W Products Co Inc
Archer-Daniels-Midland
16%
100
*17%
17%
17%
17 %
17%
17'A
700
83%
85%
83%
83%
*82%
83%
130
32%
5%
•
5%
*15%
40%
1%
52%
7%
353A
35%
33A
3%
*46
47%.
25%
25%
5%
6
*46
25%
5 3A
12%
5%
*15%
16%
*16%
*12%
173/8
*16%
17%
16%
90%
"*. c" '' /
; v
*89
$
13
7
101
23%
*100%
'
7%
24%
13
79
174
6"%
26%
40
40
37
37
135
174
7
A- A
50
48%
146
37%
*133
100
_100
*123%
124%
7%
9%
34
*123%
177
7
*88%
*172
Av 6%
26%
*26
39%
*39%
49%
47%
146%
146
37%
*39
135
25%
24
10%
135
25
*23%
*101/8
343/8
34%
1243/4
*121iA
177
*172
7
88
3A
177
175
63A
6%
26%
*261/8
40 %
40%
40%
48%
48
146
146%
37
39%
A
*133
37%
25%
25%
*23%
10
34%
10%
173/4
173/4
1,000
146 3/a
13,100
66 Vb
66%
141%
54
54%
*118%
7%
118%
A
66%
66%
1401/4
1401/4
54
*118%
53%
118%
*118%
7
7%
7%
7%
35V4
5%
34%
35%
92%
77
5%
*90
75
5%
66%
140
54%
91%
75
5%
7%
34
91%
*72
5
66%
54
1183/4
673A
1403A
66%
141
140%
54
*118%
8
8
34%
34%
54'/2
;-v* 67%
68
140%
141
A,
8
34%
92%
*90
92%
*74
78
*74
.
5%
31%
31%
31%
31%
31%
313/4
323/4
32
32%
*32%
*5%
323/4
11
4%
29%
*103%
30%
105
9Q
*103%
*51
51%
51%
21
21%
*201/2
11
*10
*10
..*3%
30
4%
30
29%
105
51%
20%
10%
*55
*29%
*103%
56
29%
52
203/s
20%
11%
3%
3%
*33A
4%
29%
293/8
*291/4
291/2
56
29%
29%
103% 103%
105
52
*10
*55
51%
52
20ya
.
20%
*10
*3%
29
11
4%
30
550
55
5,000
40
5,700
8,400
78
*5%
A
8
*90
32%
56
.
34%
91%
5%
A
118%
78
32%
*55
/-
54%
7%
34%
6,700
.
54%
118%
1183/4
31%
29%
400
145%
32
*3%
400
2,700
17%
32%
29%
;
146%
56
*10
1
9%
35%
1213/a
17%
56
21
400
146%
31%
51%
2,000
24
17%
56
29%
20
25%'
35%
31%
105
9%
1,000
-
1213/s
121%
56
20%
5
,';7
35
430
37
23%
121%
210
5,100
135
25
32%
20
37
237/«
34 3A
600
48%
*133
25%
10%:
2,100
148 %
24
124
110
7
263A
41
48%
*147
135
31"%
51 %
41
;
48%
146V8
135
175
6%
26%
26%
1,300
146%
*74
29%
35,500
17%
*90
*103%
f
1463/e
77
•-
9%
173/8
92%
'
40
400
800
147%
*74
'
5%
'
9%
•
17%
*90
lo
No par
9%
*88%
■
1
6'A
34
146%
"
~
9%
883/,
100%'
*6
33'A
16%
:
5%
*99
147%
35
No par
21%
7"%
•*"
6%
33%
60
16%
35'A
25
34
140
118%
*57/«
*33%
3,100
147%
u
35
1
,_50
66 %
100%
6%
337/a
500
24%
24%
3,200
25%
54%
100'A
101
24%
2,700
17,400
*10 'A
40
9
24%
7'A
13% '
*231/2
66
*6
*33%
*7
7%
123A
78%
13 Vb
23%
54 ■
*118%
9%
*100'A
Shares
12%
78
13%:
10'A
139%
6%
34
■V
13%
25%
25
101
*7
123A
79
13%
23%
17'%
12%
*78
the Week
$ per share
13%
*10%
147%
123/4
79
Bales fer
Mar. IX
$ per share
13%
10 %
33%
*16%
12%
*78
Friday
Mar. 17
$ per share
89
23%
147%
Thursday
*
75% '
26%
124
Mar. 16
88%
*25%
33%
Wednesday
'
75
6%
37
124
90%
75'A
*172
146
25%
*89
600
75
"23 Vb
*10
*33%
*
3,800
75%
39%
135
90%
16%
75
39 %
37
*88%
400
16%
76%
26'A
*133
90%
17%
V
13%
7
49%
16%
M.—
*16%
V
12%
88%
26%
146
1,000
12%
88%
39 %
-
11,900
5%
76
75%
■
26%
50
147%
*133
6%
13%
174
6%
26%
716%
243A
9%
13%
25%
5%
*67
16%
24%
*100%
88%
76%
2,800
'
17%
24%
9
:
200
3%
47%
25%
,7
6
*167/B
7%
34
8%
5,600
353/4
"
25%
17%
*89
5,100
2,800
3%
12%
16%
4,400
8
*46
76
12%
24%
101
76
*67
800
A.
55%
*35%
3% y
1,000
4,700
X
49
7%
46
47%
*53A
AA;
7»A
6%
88%
25%
6
7%
33%
-
3%
*46
25%
76
*6%
6%
88%
3%
47%
12%
■A
90%
13
33%
76%
13%
35%
*16%
17%
79
-
<6%
76
35%
35%
2
54
8%
900
5%
163/4
1%
49%
6,300
3,900
16%
16%
56
7%
48%
/.-A
12%
17
Mar. 15
33%
9
*67
55%
7%
47
*53/4
Tuesday
79%
..
•
:' 253/a
V
12%
S per share
13
*79
•
543%
5%
*16
2
l7/a
40%
35
LOW AND HIGH BALE PRICES
per share
79%
76
2
5%
1,200
104%,
32%
16%
16%
3%
*46
6
*67
12%
*35%
25%
*5%
'■76-^;
*67
45%
47%
40%
104%
32%
5%
73/8
35%
3%
52%
•:./
47
*33/4
13
>
A
7%
44%
41%
k 104%
32%
16%
1%
-:v;
53%
7%
45
*35%
25%
16
2
40%
104
16%
*15%
-
16%
*
104%.
32%
5%
16%
16
50%
120
17%
31%^
Monday
50
No par
Co
42%
16 %
87
Mar. 14
*146
Anchor Hock Glass Corp com„12.50
$4 preferred
No par
Anderson,
42%
16%
16%
40%
7%
3%
5
com
Cable
43%
16 %
1,300
43%
31%
Mar. 13
par
—100
Lead & Smelt
42%
21%
108%'
43%
104%
Saturday
*171
;
common—No par
$5 prior conv preferred
Anaconda Copper Mining
Anaconda
493A
43%
36
100
preferred
$4 conv prior preference
7
Sep
-
American
/
4
41% May
98
Dec
7
7
38%
Nov
Mar
24
45% Jun
4
8
Sumatra
21%
*106%
*16%
2
*89
13%
6% preferred
—100
American Viscose Corp common
14
5% preferred
!
100 *
Am Water Works Co Inc
5
14
6% Jan
Oct
24
119% Feb
57 % Jan
Feb
Mar
American Tel & Tel Co
American Tobacco common
14
30
8
5
34
Jun
May
25%
Feb
Jan
6% Jan
Jun
67
18%
118
112%-July
x5%
46% Mar
53% Mar
Apr
56% July
104
Dec
76% Mar
Jun
150% Jan
21%
108 %
40%
2
48%
88
:
No par
...
Mar 18
1%
8%
No par
17
68%
115%
Co
10
158%
21%
*106%
104%
5%
300
21%
40%
16%
510
1,400
77
*85%
•
%
16%
*75%
108%
104 %
5%
77
2IV4
41%
16*
*76
V:
2,000
28%
17
*16%
32%
*16
-
28
*106"%
104%
32
90%
*6%
No par
37% Jan
54% Mar
41
22
77
28%
*17
17
104%
5%
25
Foundries
American
43%
41%
100
preferred
6
43%
44%
17
100
com
Jan
106%
17%
*33
5
126% Jan
18
1
100
25
28
106%
17%
13
No par
121% Mar 18
31% Feb
*21%
32%
12%
*19
No par
com
American Stove Co_.
147% Mar
Dec
Stores
22%
108 %
44
105
*100%
13
xl6% Feb
16%
Steel
■
100
:
Refg common—No
non-cum
xl73
22%
$ per share
No par
Snuff Co
175%
*106%
23"%
12% Jan
41
May
131% July
20% May
116% Mar
&
77
23%
preferred
American
23"% Mar 17
2
Smelt
77 %
IV"" ' i "•
No par
7%
77
76
*89
No par
American
78%
7%
Safety Razor
Seating Co—
Am
37% Mar 15
*77%
7%
Amer Ship Building Co_
3
90
175
16%
No par
American
89%
173%
17%
No par
7
90
174
28%
com_No par
preferred
27
89%
172%
28%
*12
Par
preferred
7% Jan
11
-A.
$6
26% Jan
89%
1741/8
*28
*5%
•
Amer Rad & St San'y corn
7% preferred
4
35%
Feb
Feb
89 Vb
173
28%
47%
25%
-
Co
Light
90
174%
28%
*67
1
$5
7-
8
25% Nov
34%
Mar 18
76% Mar 14
4
34% Jan
142
35 % May
Nov
Jan
23% Jan
Apr
68
Mar
Mar
11
&
89%
102
29
174%
7%
V:
News Co
Amer Power
91
90
102
102
*28%
44
*46
STOCK
4%% preferred
American Molasses
American
3
9% Mar 14
10
% Mar
22
Jan
91%
*101%
175%
29
A
3%
EXCHANGE
American Metal Co Ltd
10
6% Jan
25
70% Feb
12
Feb
x34
8
83% Feb
May
16"% May
Feb
3
Feb
101
\
5,400
*35%
Amer Mach As Pdy Co com—No
par
3.90% preferred
100
Amer Machine & Metals
No par
5
10,100
3%
48%
l
A'
8
.
7% Mar 14
30% Jan 19
4
32
Jun
69%
12%
79% Feb
15
96% Jan
Jan
80 Va
13% Jan
3
Feb
23% Mar 11
Dec
11%
11
Jan
6
200
8%
3%
1%
100
YORK
102 %
8%
3%
"
STOCKS
NEW
:
*101%
8%
3%
5
—50
preferred
1,800
8%
41%
No par
$ per share
76
10% May
24% Mar
7%
Highest
-
$ per share
21% May
94% Jun
Dec
20
Range Since Jan. 1
v
Highest
Nov
Jan
31%
3%
1
common
40
31%
31%
8%
lo
com
.
1,200
7%
7
American
5
31%
100
>
5%
"•
100
3,900
.
55
>
70
31%
31%
-
8,100
32
<
323/8
29%
293A
>102
103%
>
v
■>
600
9%
3%
*42
20
Mar
32 %
"
9
3%
No par
Locomotive
9%
7%
__Nopar
18% Jan
7
9%
102%
32
No par
Co
1,000
66%
.*65
3%
•3105
non-cum
\'j/\ Y;?"v' •"•';.;
Year 1948
$ per share
Ice
67%
21%
66%
"
24
12% Jan
Range for Previous
Lowest
6%
60%
21%
60%
22
800
7%
16%
17% Jan
15% Mar
Jun
American
23,400
*101%
16%
26
19
108
7
600
9%
3%
16%
1
7
Jan
Feb
26
Jan
75% Jan 24
36%
9
7%
15%
preferred
American Home Products
36
9%
103%
i
conv
36%
3%
40c
com
1,900
98%
9%
x32
1,100
7%
17%
preferred
100
American International
Corp_No par
American Investment Co of 111
1
11% Feb
13%
95%
6%
33
-
:
3%45
98%
66%
*9%
,
100%
,59%
*2i%
;
30 Ya
3
*37
■;
!
300
*101%
No par
$7 2nd preferred A
27
26% Jan
5'A Jan
73
Encaustic Tiling
$6 preferred
American Hawaiian SS Co
American Hide & Leather
4% Jan 20
32%
9%
'
5,100
81
• J
7%
*86
20
$7 preferred
8% Mar 17
3% Jan
26% May
Dec
79
6% Jan
Jan
Jun
20%
,
f
31
37
10
Amer & Foreign Power com__No
par
10
57% Jan
*
10b
American European Secur
American Export Lines Inc
16% Mar 18
33%
17%
25
14% Mar
33%
86%
94 %
13%
9%
*85%
42
American
9%
xl7
17% Mar 10
8.7
8
6
66%
i
5,800
100
28%
30%
3'/b
9
21%
*65
17%
11
18
Jan
60
*21%
66
87
15% Feb
35'A Feb
6
*59%
21%
66
*16%
79% Jan
28
59%
21%
65
*91/2
30%
45
36%
21%
.»
*80
*98%
9%
65
17
Oct
4% Feb
9
A 28%
3V8
37
♦36%
9%
21%
16 %
Jun
7% May
37
9%
100
2,200
27%
*8% ,90
28%
81%
*29y8
-
59%
441/4
43
Jan
37
9'/4
108%
Distilling Co
100
1,200
26%
27%
90
27%
*37
60
44%
com
100
27%
*80
45
26%
•'
*87%
'
3%
3%
*37
37%
9%
*106%
10
Crystal Sugar
prior preferred
3%
45
60
79%
94
5
30%
99
Dec
Mar 11
*29%
*21%
Feb
99
30
3%
*37
*77'
33%
Jun
30
3%
100
81'
49% May
27 %
88
176
*16% ; 17%
26%
27%
80%
88
176
17%
600
3%
175%
'29
Jun
107%
27%
*79%
88%
102
9%
*91
100
Jun
4%%
27%
80
No par
No par
American
27%
•
7%
103%
par
22%
Mar 11
*26
:
95
7%
177
*16%
27%
par
Co
x27%
7%
176 »/2
17%
26
*91%
7%
•
1
20%
Colortype
7%
95
3%
1
Dec
American
*91%
177
26
28%
-
7%
*7%
176%
102
33
Dec
18
95
*16'/a
102%
66
*101%
14%
Feb
300
7%
37%
*9%
__25
5% non-cum preferred
American Chicle Co
1,600
102%
17%
*87%
'
Inc
24%
102%
101%
21%
*64
1
*24%
9%
60%
*60
50
24%
103%
38%
9%
1
15
17
102
*37%
100
24%
26
27%
j
70%
*1021%
176%
26
45
*69
24%
'
176
30%
70%
900
104 r
80
3%
44
*91%
89
30%
40
*43%
9,400
*24i/8
81%
*37
400
2%
*102%
27%
3%
14%
67
2%
44
*69
*
2,900
95
*17
•
14%
*66
2%
44
71
*87%
41
*100%
24%
43%
27%
30%
*3%
*37
178%
43%
*80%
27%
81 %
30%
1
7%
preferred
American Car & Fdry com
No
1%
preferred
American Chain & Cable—_No
7
Jan
101
27%
81%
50
Amer Cable & Radio Corp
American Can Co common
49%
*87%
100
3
100 %
28
178
67
2%
5,200
3
3
14%
67
2%
6,100
20%
103
*97%
3%
14%
2%
16%
20%
,
'i:
500
104
%
7%
26
com__ No par
Jan
177
18% Mar
17
preferred
Jan
Nov
7%
7%
26
common
3
Nov
*91
17%
preferred
■81
28%
95
26
com
Jun
6%
74 "
38
co*hv
*102%
*91V2
No par
92% May
76% Feb
.163% Oct
104%
Brake
24%
105%
*102%
3
200
v
28%
xl6%
V
21%
103
14%
*69
178
6%
preferred
American Bosch Corp class A—
4%
71
*69
*25%
common
conv
American Bank Note
Amer
43%
*17
preferred
Airlines
cum
V
28 %
17
20%
67
*65%
2%
43%
24%
16%
40
*39%
28%
*97i%
3%
14%
67%
2%
24%
95
17%
20%
*3%
*
*65%
71
*69
178
3%
*28
103
44%
44
7%
16%
20%
*98
2%
5
convertible
3%
69
104
•
28%
17%
15
2%
71
41
20%
*14
No par
Amerada Petroleum Corp
No par
Amer Agricultural Chemical_No
par
5
60% Feb
Dye
Alpha Portland Cement
Amalgamated Leather
31
Feb
&
Co
preferred
100
Allis-Chalmers Mfg common_No par
3%%
conv
preferred
100
7
83%
Kid
3%
*39
*28
102
14%
*66
24%
*7%
4%
31
3
Chemical
17%
20%
*97%
*91%
.
Allied Mills Co Inc
No par
Allied Stores Corp common__No
par
Feb
21
103%
1
18% Feb
81% Jan
Oct
No par
gtd—100
28
28% Jan
Nov
preferred
188% Jan
3
26% Jan
conv
40%
28%
102
14%
45%
24%
17%
17%
2%
*70
par
*28%
20%
67
2%
*44%
*39
*97%
*3%
3%
15%
67%
1
common
Allegheny Ludlum Steel Corp.No
25
Oct
100
preferred A
i
100
$2.50 prior conv preferred-No par
77% Jan
52%
*14%
preferred
29%
102
3%
5
Allen Industries Inc
24
31%
__10
40'/a
29%
*39
21 %
*97%
5%%
25% Feb
Dec
Mining
17
4%%
21
100
common
Allegheny Corp
Jun
31%
No par
Gold
10
Mar
42% May
Feb
Inc
Vicksburg Ry
Aldens
98
9% Mar
&
3
Dec
6%
Reduction
Juneau
Dec
47
1
Alaska
73
%
Corp
8%. Jan
25% Jan
Nov
18%
Alabama
9
26%
3%
18%
93% Feb
8
Nov
18%
11
83% Jan
x25
40
No par
:
11
Jun
Mar
18%
40
Corp
7% Mar 15
91
81
!
1,700
:
18%
92% Feb
25
*
1,600
48%
18%
100% Jan
25 % Feb
Feb
2%
48%
18%
27% Jan
16% Feb
74
2%
18 %
11
174% Feb
*66
i
18%
23% Feb
Jan
74
2%
2,900
18 Vb
l
70
May
*66
2%
2%
;
Shares
77%
18 Va
Express Co_
24
21"%
71
*66
2%
77%
2%
64% Jan
34% May
37 % May
71
*2%
S per share
77%
48%
2% Jan
Dec
*66
3
77%
48
47% Feb
Dec
71
*2%
77
.
;
48
17
16%
*66
3
77
for
the Week
48
25
25%
25
48 %
78%
Sales
48%
25
104
$ per share
77%
Friday
Mar. IK
48
Jan
Jun
; $ per share
78%
Thwrsday
48%
Apr
23%
Sper share
78
71
*2%
10
May
75
Mar. 17
t per share
78
*66
_2.50
May
Dec
7%
70
Mar. 46
Wednesday
48%
11
15% Mar
15
Mar. 15
Addressograph-Multigraph Corp__lo
21
3% Jan
Tuesday
Mar. 14
Admiral
6
97% Mar
77%
i
-Monday
48 %
Adams-Millis
26
22% Jan
»
«'
$ per share
—Nopai
Co
May
65 %
90
Jan
19% Jan
Motors
2% Feb
58%
.
Par
No par
Steel Co.
Adams
6
Mar 12
Jan
Saturday
,?
.
40% Feb
4% May
Oct
Feb
100
Acme
30
13% Feb
65
ACF-Brlll
9
40
5
18% Jan
3
7
19% Jan
10
97% Mar
May
4% May
37
.
t
108
i
3 % Jan
14% Feb
•
.
Abbott Laboratories
7
49 %' Feb
4
17% Feb
Dec
27% May
Nov
2%
65
2% Feb 23
44% Jan
>
Mar. 12
Abraham & Straus-
Jan
LOW AND HIGH BALE PRICES
STOCK
$ per share
78% Mar
5
22%
-
•
YORK
EXCHANGE
May
55% Jun
23% May
46% Jan
Dec
27%
69% Jan
NEW
-
Highest
■
$ per share
Jan
100
Range Since Jan. 1
Leweet
t$ per share
Oct
76
,
Highest
17
*51%
20%
*10
>3%
30
51%
970
2,000
20
.
600
i
20%.
11'A
41/4
30
3,400
•
.
100
1,700
|
18
THE
(1234)
COMMERCIAL
NEW
Range Since Jan. 1
Year 11)48
Lowest
Highest
$ per share
23%
Nov
32%
Oct
23% Feb
Dec
101 %
Jun
90
68 %
41%
106
Dec
Jan
Nov
13%
11%
12
26
4
Feb
7% Jan
8
25
77% Jan
Feb
24
49 % Jan
21
Jan
5
99% Feb
4
1
110% Jan
3
107% Mar
95
Steel
4%%
10
97
Armco
3
25
Corp
&
Co
Armstrong
$4
Cork
Arnold
May
July
Jun
98% Jan
103
14
Jan
5
*14%
14%
Carpet Co Inc
No par
11%
1114
common___l
12%
12%
1%
27
35% Mar
9
Dry Goods
1st preferred
2nd
46 Va
*98%
7%
72
*14%
•15Va
*14% •15
11%
10%
12%
12%
*12%
*14%
•15
101%
101%
101%
101
11,700
■>>•:■
12%
12%
101%
)■'•■'••
25%
72
72
109
1,400
98%
98%
99
1,100
46%
46%
46%
109
6,300
.
'
220
109
310
14%
14%
*14
14%
200
*10%
11%
*10% >11%
1,300
12%
12%
••*12%
12%
ljOOO
*101 Va
101%
101%
101 Va
101 Va
•
'
91 %
911/2
91
91
91
91
*91
92%
91
35
lo
25
72%
109
10%
•
101 %
200
7Va
*98%
' 1
■12%
94%
7Va
72
109
.11
:■> *93%
7
*46
*108 Va
10%
11
25%
94
46%
,
Shares
7
98%
98%
98%
109 %
the
$ per share
24%
.
/■■•
72
46 %
46 Va
98 Va
for
Week
Sales
Mar. 18
94
•
95%
7
109 %
•
24%
*94
72 V4
46%
99-
109%
*109%
Mar. 17
7 Va
72%
72%.
46%
99
101 Va
100
Investment Co.i
46%
95
7
i
24%
25%
93%
:
Friday
Thursday
$ per share
$ per share
'
100
preferred
Associates
*45%
Mar. 16
24%
.
7%"'
72
Corp
6%
21
98% Jan
17
Mar 11
90
30% Feb
72
109%
Associated
35
72
*98%
'7
106
No par
* 109%
13% Jan
111
95
7
Wednesday
$ per share
25%
93%
No par
11% Feb
Dec
25%
94
No par
Artloom
Dec
25%
7
No par
11
Jan
25%
^
13 % Jan
26
$ per share
7'/8
PRICES
Tuesday
Mar. 15
94
.
com
Constable
'
5
Co
10% Mar 16
87%
$ per share
conv
preferred
5
28
Monday
Mar. 14
100
com
preferred
,,$3.75
15% Jan
May
Saturday
10
com
Illinois
of
Monday, March 21, 1949
RECORD
Mar. 12
$6 conv prior preferred
1
13% Mar
4
preferred
conv
Armour
19
% Mar
CHRONICLE
LOW AND HIGH SALE
STOCK
Par
17% Aug
Dec
Dec
98
27% Jan
24
Jan
44
Jun
99 % Jun
115% July
18% Jun
YORK
$ per share
70% Feb
Jan
56%
Feb
88
103
STOCK
EXCHANGE
6% Feb
15 Va May
Dec
NEW
Highest
,$ per chare
$ per share
89
6%
YORK
FINANCIAL
STOCKS
Range for Previous
Lowest
&
35 %
34%
35'/a
34%
34%
*34
35%
*34
93%
>■93
91 v
*90
.33%
130
100
92
34
33%
1,300
.
"
Feb
120%
Sep
Mar
107 Va
Jun
98%.Feb, 26
13%
Dec
19%
Jun
12
44%
Dec
July
36
25
47
Jan
25%
Jan
64 Va
Dec
•53
Feb
7
67
Mar 18
Sep
81
Dec
77
Feb
14
94
Mar 18
33% Feb
24
39
Jan
84
„
96
•
66
62
50'/a July
May
Feb
30
102
Feb
114
91
Feb
99
Xl93/4
Nov
•48 V2
Aug
25% May
64 Va Apr
Sep
20
Oct/
4%
'
■"•-•
Dec
12%
-
Nov
Dec>
19
35%
7
4
98'A Jan
17
Jan
24
20
4
Jan
>50
23'A
4
58
Feb -7
106
Mar
•
100
xl9% Feb
4%-Feb
3
'7
4
5% Jan
25
Jan
Jan
20% Jan
11
Atch
12
Topeka
5%
A
T
Inc—_
Atlantic
Atl
& Santa Fe com__100
preferred,
100
95 %
I
Line
5%-non-cum
*12%
13
37%
37%
37%
62
62
.37%
63 Va
83
83
84%
86%
37%
38
37%
61%
61%
61% .,62
*81
84%
25
36%
„
,
*80
36 %
83
36
108%. 108%
-
^.-100
*80
97%
20%
,20%
20%
35%
36%,
*108%
108%
'97%
.81%
35%
36
108%
97 %
-
5
,
.
^No par
common,;
Nichols
•
101%
*12%
64%
A__100
preferred
Corp..;—
conv
Atlas ;Tack
Austin
101 %
12%
38 %
__
Powder
4%
101%
13%
"*63
97%
35%
20%
8
25
Feb
6
-
14% Mar 18
Jun
40
4
4
Feb
24
7% Jan
7
7
44% Jan
24
6% Feb
Jan
17% Mar 10
11% Jan '■5
-
10
Conv
"SI%
100
;
3,800
1,000
13
13
37%
37%
37V4
1,300
65
64%
67
2,800
88
94
1,600
,
1,400
36
36
35%
36'A
108%
108%
*108%
•97%
97%
97%
,,20%
;20%
20%
20%
3,500
,97%
20%
.,51%
.21 Va
52
53
103
103
*19%
103
20 Va
*5 Va
5%
*5%
*13%
14%
52
20%
,
14%
v52V4
101% ,102
*19 Va
20 Va
*19%
No par
common
52 %
*102
_No par -
prior .pfd ($1.20)
Autocar
'101%
V
97%
97%-
21
94
101%
97%
109
*108%
109
98
"
93%
101%
93
94 Va
101%
13 Va
101
1
common.^
93
93%
101V*
13%
100%
50
109
>610
-•
"
Atlas Corp
Atlas
'95%
13%
101
100
preferred series
$3.75 series B
conv
Preferred
„
No par
preferred,
Atlantic Refining
4%
RR
Lines common
SS
94%
>3%
101
•>
.
10
Coast
& W
G
95'A
1344
38%
non-cum
F
5% ,/
•■
*5%
51%
.
*101%
>
•
.20 Va
.5%./.
50%
;
102%
Co
Automatic
No par f
—:—:
_.
Canteen
Co
of
Mfg Corp (The)
$2.25 conv preferred
Avcq
,—5c
Amer
6%
6 Va
*16%
17 %
16%
6%
,6%
6%
*40%
41%
*40%
*13%
14 Va
14 V8
3
11
-
6%
17
'
14
6%
11%
.
—No par
*14
.
14%
11
*6%
5
common.
14%.'
>.
5%
5%
-*5»/s
14%
*137/a
•6%
*40 Va
>
>.
6 V4
6%
*40
42
41%
5%
»
6%
*40
5%
41%
200
;•
.
COO
400
6%
6%
-6%
400
,
19,000
.
>41
*40
,
■
17
*16%
17
J,
%>'
14%
*6'/a ;;
6%
6 V4
>6%
,:v*>" 130
20 Va
14%
%\>
"740
v', 102
*19%
5%
14
*16%
6%
6 %
>
•
17
*16%
17
-6%
,-•
42 y
6%
*16%
."■
6%
>102
20 Va
1,700
50 Va
50%
50%
102
*19%
*13%
%;»
•j
102
20 Va
♦19%.
'
'13% Feb 11
Oct
46
Jan
7
109% Feb
Jan
Va
7
14
Jan
7
7
Jan
-6
Jan
19 %
Feb>
4%
15
•94% Jan
9% May
16% May
Nov
6%
Xll
Feb
Jan
24%
105% Jan
103 % Jan 24
24
Feb
106% Feb
Jun
114
99
24
87% Feb
/■'-■
-~
B
Feb
11 Va
,;
10
16%
Jun
Dec
13%
17%
Jun
•13% Jan
10 Va Feb
8% Feb
Babbitt
14% Jan
15
24
12% Jan
7
Baldwin
24
11% Jan
7
Baltimore
16 % Feb
24
22 Va Jan
7
4%
20
Feb
24
25
Jan
7-
Bangor
65
Mar 18
70
Feb
3
Conv
25
47% Jan
3
Barber
Oil
18% Mar 14
16% July
Mar
3
21 Va Jan
7
Barker
Brothers
'A
(B
T)
Inc-
1
Locomotive
Works
•
13
:
10%
.
100
common..
:
15%
Feb
13%
;
Feb
29Va ouiy
31% Jun
Feb
•140%
Nov.
59
x20
Dec
28 Va
Jun
Nov
45
Jun
Feb
45 %
Dec
Nov.
16% Mar
36 Va
31
9
.80 Va May
-15% Dec
30%
'23%
Dec
80%
Sep
-
100
Feb
14
49
Jan
10
15
32
13% Mar 12
3
15% Mar
Jan
17% Jan
20
& Aroostook
4 Va %
(Delaware)
Corp
Bayuk
Oil
36
Mar 15
91'
Jan
24
20% Jan
8
1
*14%
14%,
*14 Va
10% "
10%
>>
49
Beck
100
14%
*14 Va
14%
11
10%
,11 !■■/-
10%
.
9%
18 Va
'•> 9 Va
;i8
Co
18%
18
20%:
.20
*20%
*20%
20%
*20
66
65%
65 Va
*65%
66 %
*65%
66 Va
65%
i 43
*41 %
42%
*41
42%
*40%
41%
19 Va
19%
'19%
12%
21 %
•
18%
18
.'•;•>:
41
41
42%
43
13
13%
16
;<".■•
36
89
14%
*-40%
12%
15%
5,500
I8V4
42
12%
90
'>18%
.15%
2,600
41
...
40
41 Va
15%
*36 V8
19
38
,
41%
4,200
12%
41%
12%
37%
42%
*40%
• ;
41
41
Xl2Va
15%
15%
'36%
.36
19%
■
90
65%
65
*40%
*40%
>/;
300
20
; ,:20
65%
41%
*19
13
18 %
IS Va
.
,20
13,300
3,100
9%
9V»
"
*40 V4
.41
41%
'
15%
.36
*89
36
89
*35%
'
18%
>';/
43
12%
16
16
*35%
-89
*40%
42
;
:>
19 %
40%
'
19
18%"
13%
16.
25
10%
*
>
9Y4
;
.42%
-41% >42%
No par
common..-
18%
19%
?1
:
*41
1 '•■
Inc.,—
Foods
'
10
5
-
Corp—:
Beaunit
Mar'
9%
19Ya
*42%
50
Co
Cigars
Beatrice
4
.69
10%
,9%,
.
21.
*65
_10
common
Iron works
25
/
__^__100
common—50 ;
preferred
Barnsdall
Bath
•
'preferred——____100
5%
Jan
14% Mar 14
Jan
preierred
non-cum
•87 Va Feb
Jan
22% May
Dec
69
40
4
39% Mar
14%
10%
9%
9%
'
11
Jan
37
V 9% Feb
43% May
90
16% Mar
40% Feb
May
9%
9%
;?
'
->60
*14Va
'
&' Ohio
12%
3,400
15%
1,500
15 Va
*37
300
37%
'
3%%
pfd
conv
100 '
2.50
5
75
Feb
3
7
10 Va Jan
21
Beech
Aircraft
29% Mar 18
32% Feb
36% Jan
A
Beech
Creek
10
14%
14%
100
Mills, Inc.^
Shoe (A S) 4%%-pfd.J
*70 Va
72%
89'
,
:
14%
".14%
*70
72%
9
9
31%
*70
89
72 %
•■,.■
14%
.
y
14%
*14'A
14%
72
14%
89
72
*71
73%
'
89
'
89
89 *
130
89
1,200
14%
*14%
> *71
73%
10
» 9
9Va
3,100
'
<8% Feb
•
Feb
30
32%
34 %
Apr
37% July
Feb
14 Va
Feb
10% Nov
17
Jan
■34
20% May
19% Mar
14% Mar
4
1'
Feb
16
RR
l
50
■
Packing- Co
10% Feb
14
13% Jan
12
Bell
Aircraft
24%
Jan
•14% Jan
28
17
Feb
18
Bell
&
>90% Dec
103%
Jun
92 Va Jan
j
8
95
Mar
9
9
*29%
•
31% Feb
11
10
*29%
31%
Co
*35% >36%
/
1
•__._
Corp.
Howell
4% %
>•>
_1
•>:';;■'
8%
'14%
1 1
*29%
:,3i%
*35%
...I
1&
..L..-100
;
-5
preferred
•
36
36
36%
14%
14% >•14%
15
*14%
11%
11%
10
common
■'
*11%
12%
*11%
15%
15%
15%
.16
4
*94
34%
♦94
'
34
97
97
•
"
98
31
>'■.;
*35%
36 3
a
'
29%
29%
40
36%
-
35%
36%
400
'
.'*14%
,14%
300
>12 Va
,15 Va
.29%
.
12 Va
,
,15%
98
15%
:
*96
98
.'34
34%
15%
*96
■
.29%
*35%
f 14 Va '14%
11%
.11%
■
9
14%
.14%
•
*96
9
*29 Va
>•/.'
12% V
15%
-
'8%
8%
8%
4
Beech-Nut
Belding-HeminVay
,14% Dec
1
Corp-_..ui...i
;
15%
.500
"12%
*12 Va
.1,300
ft16
*96
98
'
Feb
0%
38%
Jun
Dec
-26
21%
Jan
Nov
21
>68
Dec
86%
30%
125
30%
Feb
;26%
9
Nov
7
Bendix
Beneficial Indus
24
24
Jan
5
78
\ Feb
15
97
•Jan
Jan
5
21'
123 % Feb
11
26% Jan v7
26% Feb
25
30% Jan
30% Feb
24
33% Jan
>7
Mar 15
136% Feb
>2
Oct
% July
37 % May
-14% Jan
Dec
Bendix Aviation
Jan
,
73% Jan >4
139
Mar
6
11
•93
July
30% May
37 % May
Feb
34% Jan
7% Mar 17
21% Feb
87% Mar
Feb
25
26% July
102 %
Dec
',23%
,
;
-
132
•26% Jan 28
9 V4 Feb
Mar 18
31
25
7
11% Mar 11
Home
26%
xl3
9%
! 13
Best>& Co
Best
36% July
14%
Dec
Dec
.'
Birmingham
Jan. 1
12
Black
14% Jan
>7
8% Feb
11% Feb 26
8
Feb
7
40% Jan
7
,20
Feb
7
24% Mar
23% Jan
3
27
Feb
16
Jan
Jan
<Jan
,23% Feb
4
5
18
37%
Nov
8
18
32% Jan
>,-16% Jan
56
38% Mar
64
Jan
12
5
Borden
66 % July
46
Feb
25
54
Jan
95
Feb
4
96
Mar
Dec
Dec
,25
Nov
Ami
Class
26
96
1% Mar
Bon
Aluminum
,41% Jan
7
Feb
May
5% May
Bohn
Bond
Nov
7%
.>■->■';
7
5
9
2% Jan
13
Co
B
Co
& Maine
Roller
35% Feb
17
Bower
3
8% Jan
19
25 Va Jan
5
47% Jan
10
7% Jan
3
Brewing Corp of
Bridgeport Brass
Feb
3% Mar 12
July
29% Feb
5
33
Jan
6
14
Jan
103
Feb
16
Bristol-Myers
Co
21'
10
Brown
17%
Feb
23% NOV
15
Nor
24% May
124% July
.11% May.
(Jan
3
Jan
18% Feb
26 Va Mar 18
6
16
14% Feb
16
li
July
es
Feb
17
Feb
Feb
21
8
Feb
x8 Va Feb
120
75
1
17% Mar 14
Feb
123
¬
2
9% Jan
7'
69% Jan
31
40
Jun
27
25
34
Jan
13
78% Aug
90%
Jun
87% Jan
6
91
Feb
17
12%
Dec
12% Feb
15
14% Mar
29%
Feb
21% May
43% Jun
31% Feb
23
36
Jan
8
11
24%
Jun
.14% Mar 10
Mar
97
Jun
84% Mar 18
92
72%
Dec
100
Jun
74
Mar
77% Jan 25
77
Apr
88
Jan
77
Feb
12%
Feb
17%
7 Va
Nov
10
2
,
Dec
1
Bulova
Co
.$ per
38
38
23%
22%
23%
.24%
24%
24%
...
23
24%
Watch
Burlington
Mills
Corp
common
4%
preferred
3%% conv 2nd
4
Bush
Term
7
Butler
Feb
10
1
109
Feb
10
Feb
28
Feb
7
8 4
19% Feb
26
98%
Jan
July
100% Feb
14
23%
Feb
35%
Jun
21% Feb
25
27% Mar
40%
Jun
30
Feb
26
52
54%
Sep
54
Jan
6
8% May
May
121
Feb
9% Jan
82
Feb
24% Jan
104
10%
.10%
,
xl2
"12
12
*11%
12
*11%
38
*36
39
*36
39
22%
22
p
*24%
57%
3,800
25 %
25%
1,000
573/4
25 V2
25%
'(25%
530
17%
17%
17%
17,%
17%
417%
6,400
39%
39%
40
39%
440 -4;4
39%
39%
393/4
393/»
39%
393/4
2,600
483/4
50%
4
x49
*93
100
49
48%
*92
50Va.%50%
100
1%"
97
*92%
*1%
8
*1%
34%
34 Va
1%
34 Va
*33%
7%
41
7%
-
41%
48 Va
*92
>41%
7%
4a
*7%
27%
27%
27%
25%
25%
243/4
25
25
7%
8
31
31
101
*101
31
101%
24%
25
9s/s
9%
9%
*29 V*
97
19%"
97
*96V4
19%
*19%
17
16%
125
*123%
16%
17%
125
*123 %
1
*29%
99
*97
8%
8%
*121%
66 %
66 %
66 %
66%
28%
*28
28%
*27%
91
*88%
91
*88%
14%
14%
14%
J.4%
34
34
33%
33%
*33 Va
15%
y
15%
87
*85
*75%
76%
*75%
79
*74
15 %
7%
76%
l%Jan
7
'j6
-7
223/4 Jan 10
12% Feb
4
109
"Mar 2
393% Jan ig
14% Jan
40% Jan
45
,,5
(A
M)
-
100
Zinc.."
17% Jan 24
"
7
Jan .24
7%
—5
common...No par
participating
Jackson
No par
.
1
conv
.preferred.
Canada Southern By Co
Canadian'Breweries Ltd
Canadian Pacific
Cannon Mills
Ry
Nonpar
8%
8%
*78
3%
-
21%
v
3%
22
*100 %
102
*20%
12%
-
108V4
*
*17
;37%
25
I2V2
No par
-*41 %
1
500
•33%
33 Va
33%
32%
33
1,000
15
*74
79
15»%
15%
•
I
15
7%
79
112
112
8 %
-
8%
79
79%
3%
3%
*21 Va
•20%
*101
102
8 3/8
-
*108V4
12%
111
*37%
38%
17%
*17
175/a
: 12Va
12%
42%
"42%
107
38
4%
20%
123%
108%
38%
*17Va
17%
12%
12%
x43
43
*
5
"
-8%
79
4
4
21%
21%
*74
>
15%
15
79
4
'
'
21%
7 Va
8%
4%
*20
7,500
1,600
460
1,400
200
80
•
43/a
9,100
500
213/8
102
*101%
102
25
25
24%
25
33%
36
*34%
35%
*54%
55
55
*54%
55
700
900
10
1%
1%
*1%
1%
2,100
4%
'.20%
4%
4%
4%
i2,800
i%
.;
20%
M2V4
12%
109
^107%
20 Va
2034
12 %
12%
140
260
*38
38%
*38
18
*1.7%
18
*17%
12 Va'
*42 y*
12
12%
43
5,200
,38%
38%
4
700
12%
109
*l7Va
12%
*42'%
12%
20%
109
109
*38
43
15%
112
8%
*79
4%
40
100
79
*111
8%.
11,100
84%
7%
7%
113
100
-76
*101
102
43%
39
"
4". 7%
*111
79%
4%
*20
12%
*107V2
12%
108V4
79
333/4
*20%''-.'2bT«
21
*73 Va
14%
,
1121/4
*33
*54%
1%
4%
12%
84 Va
75
*74
'
7%
33
55
1%
15% 'U53/a
15%
85
75
15%
33
*543/i
1%
,45/a
19%
12%
1%
,12%
42%
v
/•
*84
86
76%
33%
■','•■4%
100
33%
54%
4%
283/4
14%
*32%
1%
l'Va
*28
90
34
*24%
543/4
.'1%
10
10,700
67
15
24%
~
*66
67
*89% "91
24%
32%
32%
20%
*101
13,100
'83/4
*14%
24%
24%
*54% >55
22V4
8%
14%
7%
102
163/4
123
*121
8%
28%
15%
334
800
91
7Vt
37/8
100
19%
14s/B
*84
79
16%
">
v
'28%
15%
79
19%
200
97%
97 %■
19%
1,800
30 %
*29%
*88 Va
*75
8%
9%.
9%
■
14%
7%
111
8%
4>'4
9%
30 %
2,000
10,700
28%
15%
110
26 %
25%
•90%
753A
*74
*66
66
25 4
*24% •?24%
*43/4
.100
JNo par
*7%
*109
80
21%
*100V4
Calumet & Hecla Cons ."Copper
5
Campbell W :& C Fdy_,._J___No par
Can Dry Ginger Ale com
1.66%
$4.25
8%
>3%
preferred—100
Co
111%
*78
California Packing common__No par
5%
preferred
•
...50
Callahan Zinc-Lead
1 ''
16V4Jan ,8
11% Mar A
2R
Co
&
15
26
37% Jan .3
Dec
Byers
Copper
*109
~
30%
101 Va
*101
-97%
4;
1,000
30%
•
25%
16%
2,500
25
*24%
•
101 Va
27%
14%
15 %
15
.
1,200
8'/a
27%
90 %
86
*75
11,000
8%
.25
.121
43
1,700
*27%
28%
.91
15
87
79
*75
15 %
*7%
.
•
8%
8%
66
86
15%
15V4
*85
121
7%
*40
8
27%
31
500
300
34
7%
'
-66%
*27%
16%
16%
125
8%
8%
66 %
19%
19%
xl6%
17%
8V2
14%
100 4
100
29 %
19%
125
8%
9%
9%"
*29%
19%
*122%
25%
.
*97.
99
19%
-97
25%
9%
<29%
*101-
101%
25
9%
29V2
*30%
•
*101
25
29Vt
~
31
30%
31%
*101
31
101%
24%
4.800
2
*33
43
...
97
1%
33%
*7%
8%
48%
48
J.
97
33%
73/8
41%
42
-
1%
28 %
8V4
<
26
1%
28
8%
8%
48
35
7 3/8
7%,
'
*92
1%
*33%
35
:
•26
97
*1%
1%
*89
22
9% Jan >3
19Va May
Butte
preferred
490
57%
57%
57%
57%
•24%
*96%
.
36% Jan
5% Jan
Feb
4%%
70
23%
<25
23%
25%
22%
25 V4
23%
17%
30 V4
>
preferred-_100
common
,400
12
*36
/
25%
18%
56% Jan
May
27
Bros
25,900
57
25 Va
9V2
...1
Bldg 7%
1,600
13
17 %
*100
25
5 V
3%% preferred
Burroughs Adding Machine__No par
200
4
28%
112%
56%
16%
-
Byron
44
Dace
11%
25%
*19%
24
X19V4 May
see
13
12%
26%
/9%
25
104'%,Jan ,;5
47%
/ *27%
13%
57 Va
*29%
Jan
Jun
Mar
28%
/ill.;
10%
17%
*30%
1
26% Jan
1% Mar 17
18
15% May
Mar
2
4% Feb 26
.
3IV4 May
10
■
4% Mar 17
119
38
share
>13
for
Shares
'
'
,_L100
preferred
Sales
the Week
S per share
57 Va
*37%
4,
No par
Inc...
Co
Terminal
3
Dec
Friday
Mar. 18
26
17%
*7%
pfd—100
;
Bush
4% May
27% July
For footnotes
Co
Niag El Corp 3.60%
7
4
Dec
Buffalo Forge
Buff
100
preferred
Bullard
2,600
57%
26%
*34 V4
4.
5
No par
No par
26
Jan
37%
common
common
8% Jan
75
14% Mar
$5
600
3,600
11
.17%
1%
No par
Co
16% Jan
Jan
5
10%
39%
.No par 1
.preferred
(The) Co
7%
Budd
,8
89
Nov
BucyruS-Erie
26
Dec
Nov
10
preferred
7% Feb
Jun
3
V
4; Thursday
'
Dec
11
10%
22,900
31
17.%
15
common
Brunswick-Balke-Collendei:
77
15%
9
7
Feb
$3.60
Inc
Co
10
Dec
21% Dec
18% Jan
Shoe
13% Feb
Jun
Va July
1%
30
133*
26%
57 Va
."
_2.50
common
10% Jan
IOIVb
*11%
25
97Va Mar 18
Jun
12 Va
39Va
24%
31% Jan
9
Aug
105
f
*27 %
12
.
25
3
Mar
share
9%
25
j
95
2% Mar
30%
*132 Va
7'500
,3,100
;27%
;31%
27
31%
,
Mar. 17
10%
28%
29% Mar 14
16
|
22%
133%
Mar. 16
10%
28
33% Aug
.
100
"25
'
12 Va
73
•
23%
;
15
99
114
*24%
13%
8%
28%
Stratton
24%
27 %
.29%
28
39
&
1,000
96
31%
.
;
76%
*94%
$ per share
13%
8%
Briggs
-*73%
.
lJJ'/a
.Wednesday
v
Mar.; 15
28
24%
.50
Feb
8%
23%
*24?/8
.
*93
Feb
Mar
Tuesday
$ per
*38
12 %
,5
27
79
1
28 %
-v
39%
10d
:
90%
Dec
*11%
.No par
3%% preferred
100
Brooklyn Union Gas._l__l.jNo par
Brown .& Bigelow—___——___-_
1
16%
■
13%
28V2
10
'
95%
10%
*28
No par
No par
Jan
10%
*13 Va
.No par
29
29%
13%
:
24% Mar 16
>29%
13%
Co
34% May
37%. Jun
18% Jan
81
11
Mar. 14
*38
5
Manufacturing
98
Dec
10%
America
Briggs
Sep
30%
H%
32
132
10,700
"27
>26%
31% /3 2>r>:
>:>..> *132V4 133%
H%
7%
38%
7
Apr
Mar
27%
31%
132
5,500
,8'/a
23
■24%
27
28%
10%
Bearing Co
*
5
Inc_____._i___2.50
Jan
23%
65
27%
28%
10%
(assented)_100
32
101%
Dec
25%
29%
1
15
27% Mar 17
Oct
Sep
?24%
$ per share
No par
1
1
Jun
Nov
7%
25
"34%
'7%
23
23
76
*94%
28%
-Monday
*28
4
Braniff Airways
11% May
:
*74
94% -
•
*28 4... 28%
5
A__:
RR
/
77
.94%
*73
'
32 Va
>
.22%
22%
34%
:
9
7%
77
25
.27%
Mar. 12
2.50 V
Borg-Warner Corp common
3%% preferred
27
15% Mar
120
11%
(22%
.
>
9%'
95%
132%
28%
13%
(The)..
6% Jan
92%
Dec
"26 %
9 Va
*94%
;'
31%
11%
No par' /;
fj
Boston
22%
132%
■
.$ per share
&. (Brass
class
32% Jan
71
27%
4
,13%
i.
._L
Jun
36%
27%
•32
133%
*25%
-
Par
No par
Stores -Inc
10% May
25%
8%
*133
No par
v
.
(E W).Co—
17
42%
26
31%
95% /
■'•>24%-;25'%
.25%
;
*74
77
*93
Saturday
& Decker Mfg Co
Co __■
,
Feb
87%
x27% Mar
*74
95%
>•27%
'>>>/
Bliss & Laughlin Inc..
Bloomingdale1 Brothers
Bo.eing Airplane Co
13% Jan
38
96
42
-77
34% v
:34
,
9% '.'•■ ■
22%
.22%
22%
34%
9%
'9% ;
LOW AND HIGH SALE PRICES
Bliss
51
.
*25
*
STOCK
12% Mar 18
25
27% May
44% Jun
,
1
Electric Co——No par
Blaw-Knox
Dec
Dec
Carpet,
>•>>.': >.■,..
30% Jan
Dec
Nov
*73%
34 Va
34%
*9%
23
*93%
,—.100
i.No par
EXCHANGE
15
16%
6%
9%
•
NEW YORK
$.per share
30%
32%
•
.23
,
.1
-
Bigelow-Sanford
24
Sep
Apr
37% May
1% Aug
,{
1% -preferred
12% Feb
■
17% May
44% July
Dec
10 '-■
Bethlehem 'Steel (Del) ;com..'No par ;
,26% Feb
29%
'22% Dec
;
?,
Foods
Highest
•
$ per share
19Va May
19% NOV
57%
$ per share
Dec
.' 32% Mar
;
Range Since
Lowest
Highest
Feb
'
Loan-com
9%
STOCKS
Year 1948
S per share
34%
33 %c
Cum pfd $3.25 serjof jL946.No par
Cum pfd $4 div ser of -1948.NO par
Range for Previous
Lowest
Appliances.
4
*
42
18
12%
'43
20,300
•
400
(
Volume 169
Number 4787
THE
COMMERCIAL; &
'
NEW
Range for Previous
";'ll
*
18
56
»Aug
Sep
100%
Deci",
30^ i Deo
vl2Vi
,
6% Mar i
22
Feb
>97
Feb
123
i
-Feb:
22%
116
118%
*102 >/2
1031/2
29
Carrier
i.?6% Mar
'6
7
7% <2nd preferredL„
Celotex
.
11
Jan
5%
Oct
83
-May
39%
Central
4
of
7
i
.<3
Ga
.84
Central NY Pr
19
U0y»
Dec
15
7%
Dec
-11
24
35%. Jan,20
12 .■'< Feb
18
Central
& -South
.11% Jan
21
Central
Jun
s
28
5
18%
Dec
28 %
Apr
17% Feb
Nov
20
May
10%-Feb
;
15
<12V4
.
11'
■
8
24 %
Feb
<17%
*
Feb
:»90
.100%
15%
25% Mar;
76%
;';:.;9v
Nov
v
6
Jan
79
Jan
7
..4
Feb
14
Jan
7%
•4% Mar
9%
.7%TMar
'13%
Dec
337/b
Dec
26
11
7
24
10
3% Feb
11
.'5% Jan
5% Feb
24
8% Jan
7
23% Mar 16
33% Jan
7
Jan
77
25
15
Jan
24
36J/4 Jan
Feb
11
29 % Jan ;'■• 7
49% Jan
20
.53
8
$3
Sep
28 V4 Feb
24
34"% Jan
21
Chic
45%
72%
Oct
74
Jan
20
15%
Oct
,12% Feb
4
12
Feb, 28
;
,14 'i'i Feb
Oct
19% May
4% Apr
63 y4 May
Feb
28
60
Jan
42
Jun
>32% Feb
15
36
Jan
50%
Nov
65%
Jun
,51
3
58
Jan
23%
Feb
29%
Nov,
19%
30%
Jan
24%
Jun
Dec
4
Jan
■
27%
101% May
Nov
Jan
X20
5% Jan
18% Jan
34%
Feb
103%
Jan
43
Dec
,82
22%
:
23
Feb
10
25% Jan
26
105
Jan
11
105% Feb
28
78'/a May
,,12% Jan
,70
112% Feb
Mar 14
Deo
23%
Nov
35 %.: Jan
>25% Jan
Dec
10% Jan
,-4VaMar
1
27 y8
Dec
36% May
73
13
Feb
17
Jan
26
Feb
75%
147
138 y2 Jan
July
92% May
Gas
Elec
&
Dec
78
Jan
Rights
"•108%
Cleve
134%
Dec
60 y4
Dec
183
12
Cleve
&
Pitts
RR
Special gtd^4%
Clopay
21%
.22
22
>*21 Va
22
2,300
94
*92 Va
93
160
i
700
4
28 V2
82%
%
4Vb
•■;':• 4%
9%
9%
9%
10%
4
23%
*22%
32%
•
10%
"*7%
>
>8
8
■•'•'
>9Va
'9V»
10 V4
10%
10%
8^8
8%
15 Va
15%
8%
8Va
8%
8
8>/4
4%
18%
2,800
12
12%
11,300
i
25%
25%
300
i
'
6% /
24%;',
13%
13%
13%
14
33%
33%
.33%
29
29%
29
*52
54%
*52
i:
133,a
> 32%
28 %
66
66
*64
12%
*12
12%
*12
15%
*14
15%
*14
15 Va
3%
37'8
3%
3%
*50%
51%
*50 %
cum
2nd
*32 V4
35
"32%
54%
•9%
900
10
10'/«
10%
*7%
*14%
*7%
8 Va
7%
28%
:
5,800
7,700
|
13%
13%
18,700
.1
33
32%
33
■'
28
28
28%
52
52
28%
28% :
55 Va
28%
54
>28%
54%
28% <29
64%
i2y«
*,14 Va
.15
• -7
-
*32V4
50 V2
I
54%
28 V8
*
54
>
v
47%
47
47%
47
•47 V«
.28
26%
27.
38
111
*23%
*70%
73
*40%
;
14
14
28%
*28%
47 Va
47%
•47%
47%
4.500
28
7%
•110
3.000
47%
28%
27%
27%
1,800
28
*27%
';>'-* 7
7% "S.;-" 71/2
7%
No par
*4%
;
47'a
25%
.
25%
*17%
28%
*17%
18%
*17%
27
<27%
27
27
180
*150
180
•
*82
•90
*82
>26%
'
*150
:
,
37%
'A'y:
111
>71
133a
:>:•
■
27 Va
90
4%
140
139
*78
80
*78
80
*78
15,700
13
90,800
111%
290
lllVa
111 %
24
'
"205%
70%
*70%
Monday
'Mar. 13
Mar. 14
*23%
71
*105%
3
152
Jan
12
60% Jan
6
63
Feb
11
5
1075
Jan
Dec
45%
Jan
29% Feb
Sep
96
Apr
89
15
Nov
16
Feb
25% May
26% May
1332
July
1075
Jan
34% Jan
■7
8
93% Feb
2
X13% Feb
17
17% Jan
7
19%. Feb
12
15%'Mar 17
12%
Feb
,22%
Oct
15% Jan
Feb
22%
Oct
4,7%. Mar
9%
Dec
18%
Nov
18% July
10
Dec
9
9 Va
Jun
20 y4
Dec
Nov
31% May
10%
7%
147/8
Sep
4
19
Jan
24
2,
19% Jan
24
25
12
Jan
7
Feb
10
13% Jan
8
Mar 18
11% Jan
10
24% Jan
10
9
23% Jan
10
4
11% Mar
18% Mar "18
.18
Jun
Feb
.
8% Feb
„17% July
32%>iMay
20
5'
25
Jan
16
11
$ per share
13% May
Mar
10% Jan
7% Feb
<
10
70%
42%
9V2 Jan
$3.50
*40%
*40%
42%
13%
!
13%
,13%
.'.27%
28
■'
27%
28
900
a-*4%
5
1,100
.5%
25%
*137
;
V
*
138 %
:
78
,
5
r
5
25%
25 Va
•
140
X78
24%
140
*76
*138J/a
78
Mar. 16
Colo Fuel &
5 %
4%
4%
34
91%
92%
14Va
1438
1438
14%
5
*15%
16 >8
*15%
—20
Ry com
100
100
2nd
non-cum
*17%
,
preferred
100
-29 V'8 Feb
35%
Feb
43%
Jun
35% Jan
3
18%
Feb
28% Jun
21% Feb
11
24% Mar 16
36%
Jan
46% Feb
25'
52
Jan
27
32 y4 Jan
13
:41% Feb'
3
$4.25
cum
Columbian
11
*9%
9 %
8%
10
11
90
Jan
53% July
104
July
xl6
Nov
29% May
Feb
3%- Oct
,
2%
90
Dec
'25
Nov
> 95
i
106
Jan "12
16% Feb
3
.
15
31
.17% Jan
"-7
•3% Mar>16
3
100% Mar 18
8%
Dec
27 y2
Dec
36%, July
x28
Feb
25
Dec
32
£25% Feb
11
*4
Sep
May
6%«May
21
Mar
Feb
108% Dec
103%
11% Mar
'
»
3
7% Feb '11
2
106% Jan
5
107% Feb
10
12
44% Jan
-8
9% Jan
13
Feb
10
.8%
Dec
12%..Jun
8
Feb
23
37%
Dec
51
iJan
*41
Feb
5
f
Sep
29 %
19
Dec
10%
Dec
8%
Dec
15% July
•7%
Nov
16%"Mar
29%
Dec
15%. May
■
35%
98% July
100
9
9%
*10
10
;8
18%
1,800
18%
2,700
11%
11%
11%
11%
11%
11%
11%
11%
22,400
J
8%
1,000
.{
11%
.
.
8%
8^8
*50
par
•;19V4
40 Va
40
—No par
24%
24%
24%
L_10
*50 V4
51
50%
51
*50%
51
31
31
31
31
31
30%
31
40
>39%
40
39%
39%
39(4
39%
2,900
24%
24%
24%
24%
24%
24%
*24%
*24%
1,400
(50 % >50%
*30%
51
51%
52
51%
2,200
Mar
10'
Feb .14
106% Jan s3
8
105,
33
Feb
37% Jan
22
•95
Jan
97
Jan
13
15Va Jan
21
May
July
>
»
For
>10% Jan 12
Jan
13% May
48% Mar
64%
footnotes
see
Oct
page
jNo par
jNo par
—j
Consolidated -Cigarj_j——13No par
Consolidated Coppermines Corp—5
99
991/4
99%
"16%
17 Va
.16%
I7V4
17Va >17%
5,400
3%
!3%
3%
3%
3%
3%
157,200
99 Va
99%
99%
99%
99 Va
99%
26%
26 Va
.26%
:26^a
26%
8Va
*7%
8 Va
7%
7%
29 %
29%
29 Va
29 Va
>,29%
.29%
?29Va
26%
26%
26%
*25%
26Va
*25V4
*26%
21%
106^8
106%
12%
12%
*12 Va
.
•
3%
-3%
;
>'98%
7%
3%
.3%
;22
22%
.21%
*107
107 V4
■
.22
106%
12%
7
;•
"12%
26%
7%
107%
30
,7%
.29%
29%
•'■>
v
•
26 Va
'3%
■■•■'..
22
21%
.107 V2
107%
,
100%
2,900
26%
9,100
'-7-%
7%
500
29%
29%
1,500
*25%
•26%
3%
>,..>43%
■'
22
21%
107 V2
107%
3%
22
107%
108% Mar ' 8
13% Jan
^85
Jan
9iy2 Mar 12
31% Jan
97% Jan
<8% Mar
56% Feb
28.
>35% Jan
11
8
24
24
^99 *' Mar 10
♦
9% Jan
7
63% Jan
19
Consolidated
Inc
.12 Va
*12 %
*12 Va
12%
12Va
8%
8%
>8%
8%
*8 V2
9
-.44%
45%
%44%
•44%
"'44%
45
15 Va
'15(4
14%
15
>15
15
•is y4
15 %
12
12
1
Vultee Aircraft——1
12
.12
11%
11%
11%
•11%
.11%
•8Va
-8%
*34%
8 Va
8%
8%
10%
10
Consumers Power Co com.-No par
^$4.50 preferred
$4.52 'preferred.;
'
8 Va
10c
lOVa
IOV4
34%
34 Va
34%
i__-_.No par
*106%
107
—JNo par
Container "Corp of America coih—20
*107%
107%
35%
35%
4%: preferred
:$5i50 preferred _2
Continental Can Inc
$3.75
.'
*No par
*8Va
-
45
-
Insurance
—20,:
2No par
5
;
;10
/ : '97-a
/
>34 V4
106 7/a
.106%
106%
107%
!33%
:
90%
5
35%
i.
9
*12V4
-
45(4
i
12%
135%
8%
1,000
45%
3.000
15%
15%
2,100
*11%
11%
j-14
91%
*90
91
*90
91
*"90
90
34%
>34%
34%
*9b V4
99
34%
*98%
8%
63
*8%
62%
34%
100
8%
63
•■34%
"98 Va
8%
62%
100
■
8V4
62%
1,200
{
i
106%
106
106%
580
107 Vi
107 V4
107%
35%
35%
1,300
35V4
96%
*96
97
14%
.14
14
90
90
r.
-63
*96
.
35(4
99
13%
97
,
13%
300
90
150
34%
35
6.600
*98 V4
100
*89%
8%
8%
•18%
8%
v62%
<>62%
62%
62 Va
;.
.
34%
1)9
;.
\
,8%
\
130
*13%
*62
■
33%
*96
8%
:
33%
35%
35%
14
35
5,100
3 3 V2
107 V4
*96
102
700
8%
21,300
106%
351/2
8
i
10%
107%
14
-
8%
'
200
81/2
45(4
•10%
107%
97
•96%
7
.10%
106,%
.
*13%
35
*62
•
>
;
1,000
33 Va
.34
*96
*98
8%
35%
'
2,700
17,300
10
10 Va
106 Va
■107 %
35%
8~<""
•8Vb
14%
*13%
1
;
Fibre—
£97
*96
No par
common
preferred
Continental' Diamond
Continental
i„
••34%
11%
>8
'
2_i__100
Continental Baking Co com
106%
:
,
10 V4
*107%. 107%
...
■
10
100
>
'
15%
::*15
Retail -Stores
670
26%
8%
45
100
99%
26V2
*25%
3%
3%
99%
26%
26%
7%
>''99 %
99%
'26%
'
\
45 Va
*8%
5
15
%
3%
22
21%
■106%
y-
3%
*3%
'
pfd 1—'—100
Cuba." 6%
*98Va
.17%
3%a
17
*7%
i
2,1.33%
Consolidated "Laundries Corp—-
98 %
17 Va
35/a
98
3%
26 Va
*
Consbl Edison of N:'Y com_LJNo par
$5 preferred
J
_£No par
Consolidated (Grocers Corp
98 %
17Va
98%
;17%
3%
*50 Va
98 Va
a
:
51
51%
99%
3%
98 3
>'
j—JNo par
^PublishingVine
Consolidated Textile Co Inc__
Mar
9% Jan
Dec
99
series
;
'
1,000
39%
*50Va
16%
-100>'
-iJNo par
South com. JNo par
90
51
50%
—i
preferred.
•8i/4
9
•'
*30
24%
common
8 Va
8 Va
8%
9
'
40%
:
' *8 Va
v
10
•*50
31
30%
(8 Va
>8Va
51
*50
•31%
*9
11% >11%
8%
*8%
52
*30%
40%
Consolidated
35
40
"
10
18%
Consol RR»bf
108
* Sep
Oct
220
10
!
340
10%
18%
7
-3
92 %
Nov
9%
*10(4
18%
8
■f30% Jan
84 % Mar
Nov
*8%
10%
18%
7
7
17% July
8%
958
10%
18%
-
8% Feb
99% May
92
>12% Mar
10
Oct
29 y8
.3
Jan
-
10% Mar
90
*9 Va
■
140% Jan
42 y2
Dec
9%
10%
>
18
,
'21% Jan
1,300
18%
Consolidated Natural Gas__j_>;
106%
Sep
33%
Jtm
106% May
.11% Feb ' 23
<4,500
17%
18%
5
46% Mar
1674
17%
<18%
.11%
Congoleum-Nairn Inc
-21
16%
17%
'18%
1
<4% Jan
167 8
17%
J
10
Conde Nast
26% Mar 14'
16%
17%
'
3,100
18 %
Commonwealth Edison Coi^._—___25
•
16%,,
17%
v
70
1,700
A;
18%
8
Feb:
15%
18%
7
•30
15%
*9
Commercial J Solvents—^
preferred
15%
r
*18%
:
>9% Jan
15 Va
<15 %
19%
Engineering
Superheater
Inc
$6
14
19 y*
preferred w w_—No
&
13%
19
Co_J_—JNo par
Columbus & Southern Ohio Elec—10
*3.80%
92
14 Va
19%
Carbon
CommonWlth
33%
92
"14
19%
System (Inc —No par
Commercial Credit
33
14
33
1934
>27% Jan
23% Feb
:;3% Mar 9,
21% Feb 25
Jun
xl8Va
89% Jan
v25y8 Jan
£
25%, July
x24y2
•
100% Jan
'3
Jan
JApr
29% May
11%. May
J
Mar 17
*1050
93%
16%
>
Combustion
•
3,400
j
>19%
Pictures -common-uNo par
Apr
9%
10%
190
cl 'A—2.50
;__i
Columbia
Jun
37%
9 v4
*1050
62%
33%
17 Va
17%
?
•
137%
61V2
*91%
15%
16%
Shares
*136%
.
93
15%
,17%
*
62%
14
17 Va
'10 y*
137(4
'*61%
for
33
14
17%
9%
*136%
--
Sales
the Week
$ per share
32%
15%
■
100
*91 %
93
1734
Y
11%
9 %
*11
■'■■:•'
20
78
Mar. 18
62%
*1050
33 Va
14
16
140
2.50
Columbia Broad Sys Inc
B
18 Va
32%
*91 Va
4,300
Friday
Mar. 17
$ per share
137%
*61 Va
62%
17
17
16%
com__No par
1st preferred-
non-cum
Class
33
93
preferred
*136
137%
25%
> *76
Thnrsday
$ per share
*1050
34
:
Colorado & Southern
■>61 Va
*1050 >
'•<■ '■
34
Inc
Iron Corp
conv
"■••
*136
2,000
PRICES
-Wednesday
$ per share
61%
93
__No par
Collins & Aikman
Colonial Mills
*1050
137 Va
6134
61%
No par
preferred
21
78%
Dec
51
*61%
Coca-Cola Internat Corp
No par
Colgate-Palmolive-Peet com__No par
*136
137%
*136
No par
"70
70%
>13%
Mar. 15
»
300
"
'
13%
Tuesday
$ per share
Js:$ per share
(The) common_No par
A
GaS
Dec
2
Class
Columbia
28%
26
Coca-Cola Co
8
49
48 V4 Mar
Par
.
24%
107
42%
LOW AND HIGH SALE
Saturday
'
in %
107
■4%
79
STOCK
EXCHANGE
10
37%
la¬
*23%
23%
107
(25%
139
_100
82
37%
lil-
28Va
5;
*139
82
37%
28%
,25% >25%
140
1,100
O 3%
' •'
128%
j4%
4%.
26
300
27%
180
U
,122.:
*40%
>13 Va
28%
*150
37%
38
70 Va
27%
180
*82
L 90
23%
*105%
<42.%'
*40%
14
*210
.23%
107
>'70
*150
n I.',.%
,.111
23 V2
;
37%
%
*110
42%
•:■'■'
;38
%
*105%
.28%
25%
1,800
18
—100
,
7
18
*139
preferred
*7
17%
70%
X28%
•
5,500
24 %
47%
t;
101 Va
23%
81
H
13%
29
29
*101 Va
24 Va
'
I
28%
101
22%
*79%
>38%
70
30
18,700
22%
81
>v Ta
*40%
2,200
537/a
*79%
.
42%
53%
81
*23%
24%
*105% .107
107'
37/a
52%
35
*79Va
27
*110
24%
*105%
3%
*51
*32y4
>81
90
v.
28%
28%
7%
•:
..
180
a
15
18 Va
*176/s
•%
;
*14%
*79 V2
*82
381
"*109%
>27%
7%
*150
\.%
!
100
82%
90
38%
•
28
*7%
*78
170
'
A* 82
1,000
54%
28 V*
100 %
*150
>
:|
12%
51%
53%
•
28 Va
i.
101
28%
53 %
*22
18 Va
200
35
.*32 %
100% .100%
26%
'
f
900
2,900
<64%
4
51%
50 Va
35
100 Va
7%
2,600
'
C22%
27%
64%
.<
*12
.
15
4
•4
13%
■>■•::
35
100V2
,:<17%
;■
65%
12 J/4
12V*
■•:
*22
100%
'•82%
Va
*52
22%
*7%
500
'•
•
6 Va
23%
22%
.27%
i: 4% 9
6
|
f
A
\
23%
13V4
22%
*80
•
2,100
'
54%
102
#4
700
1,000
7%
28%
>■/-
64%
*14
-
:
■•.>
Va
2.3%
13 Va
29
*12
6
23 %
52
«28%
4
6,600
■
8%
15
32%
:■
29
52
■
-
:v
4
£6
13%
33
?
23%
47%
.
10%
7%
33
.
•
10%
22%
.No par
NEW YORK
*9Va
14%
.51%
35
1
;
preferred
4%
9%
13 Va
3%
51%
Co T% gtd—50
stock—•;
50
*9%
64 %
*32%
28%
1,000
9%
7%
•65
*50%
v
<
4%
23%
12 >/4
543i
200
82% '■
4%
14%
.
29 V2
*3%
8,500
*81%
4%
*7%.
8%
'*4V > 4%
-6%
■6%
:
28%
>54%
29
:
82
8%
<33%
66%
*14
31%
|
j
14%
13%
*52
66
400
31%
A
31%
22%
*4%
*8
4V8 A'
\6Vai
54%
*12
31 Va
*81%
j
22%
•4%
TOVa
24 V8
29
Va
*6%
9%
■'
8
30%
30%
83
14%
29%
30%
•
','•
6
33%
*7%
22 Va*-
'
8%
23%
.
>
•
4%
15
'«4l/a
6%
24 V*
1
28
130% Feb
July
Q
•*18%
;
'
» 15
4%
6%
31%
1
*81%
•4%
.
'*6%
•: 22
31%
82 >/2
"92
23%
*22%
31%
8%
4%
•7
31%
15%
.
94
82%
24%
Y
23
-
6%
7%
■?* *4Va
A3
24 y8
—100 <'
& Co com^
7%
Jan
31
1,700
21%
10V4
.No par
Corp
Cluett Peabody
12
63% ,Jun
1332
x87%
'■)
i
f
10%
25%
83 %
.
Graph Bronze Co com
Jan
[
1,100
26,900
227/a
12
125'/a
•32
6%
—
5% 'preferred—u_
Highest
$ per share
84 >/4
22%
'26%
*22
*4%
100
;
$4.50 preferred—
•
Range Since Jan. 1
$ per share
110
*83
"
'
$ per share
2,100
*25%
.
32%
'
5
Clinton Industries Inc.:
Lowest
Highest
1,500
7%
12%
;
STOCKS
Year 194K-
110
400
*17%
•*6%
* 18%
*93
5 >
•___
j
Range for Prevlons
Lowest
110
>'17
4%
18%
95
J-No par
common
—
82% Jan
3
6%
'
;;12%
22
'.7Va
25
com
Climax Molybdenum
140
17%
; 6%
*108%
1,300
15,200
"4%
8
93
2.50
19
30% Feb
8
>17%
7Vs
16%
'
4%
12%
'
137
16 %
"11% *11%
11%
+
70
19
,
22
75/a
1
20
5% Jan ,12
24>/2 Mar 18
4 V4
100
12%
19
100
•
30% Jan
•
16%
11 Vs
>
•
*■
>'*10%
96
8%
10
>15% Jan
3
M6%
10
22
83a
L_100
—
*3
43
3
<4%
39 y4 Jan
300
V10
22
15%
Clark 'Equipment Co
;
_20
C CvC; & StrLouis Ry 'CO: comj-JlOO V
5%
non*cum
preferred
100 ;
Cleve Elec Illuminating com_jNo par
4
Apr
47% May
18% Mar
17%
10
9%
_No par
common-:
preferred-.
City: Stores _r
3
Mar
34%
Dec
17%
*.
164
129""
*"11%
96
Co__No par
preferred
5%%
>9
42% Jan
,'1»
Feb 16
Nov
12%
Mar
.Juii
109
17 Va
12
*7
.*4%
—
7
108% Jun
Nov
69V4
•
*17
J-11%
7%
23%
com_JNo par
RR
Copper Co„+
Chrysler Corp
(8
.
111%
Oct
139
.85
Mar 48
.
105
Jan .20
37% Mar 18
.
Co
5%%
July
Jun
5,900
12
22
City Investing Co
30% Jan
21%
,223,4 "23%
99
City Ice & Fuel____
4
21%
*83Vs ; 84%
22
:3
•
*102%
•*127%
213/a
84%
96
A
12
26
88
26%
27
,25% Mar
.176
*25%
.*■ Feb
25
,16% Jan
Jan
26J/2
7% Jan
,'•6% Feb
21
July
*25%
29% Jan
3
Jan
80
26%
V 26%
47% Mar 16
:3
82
103%
129"-
>21 Vi
(11%
<12%
28
<15y8
176
12%
*101
•
*102
17%
10
140
18%
19
12%
8.50
4
"17,900
>
,138
*7%
19%
12%
4%
preferred
100
Cincinnati Milling Machine Co—10
C J'T'Financial Corp
j_y__JNo par
Feb
3,600
(26%
23%
18
19
Cincinnati
.80 '
*7%
.
19
12%
11
10
8
'56%
26
(23%
"
"700
4,000
•
.<>56%
"83%
18
24
8.4% Apr
May
10%
29% Jan
Dec
38 % Aug
lOVa
preference.jNo par f.
Pac
Chile
■24% Mar 17
Dec
'27% Mar
10%
103% Feb
11
7%
Jan
10 V4
4
Feb
75%
7
Childs
7
25 r Jan
.
convertible
Rook Is •&
Chickasha Cotton Oil__
19
,42% Jan
'May
48 % July
33
Jun'
10
11
•97% Jan
27
12
100
:
preferred series A
Chicago Yellowr Cab
7
<90
11%
,'10
Ifo par
Conv
)8
3% Mar
<49
16% Jan
P
Chicago Pneumat Tool
7
Feb
Nov
2%
44%
<31
25
Paul &
5% i preferred
Jun
•
12
.
___100
May
Feb
11%
No par
42%
>64% Mar 16
Milw St
vtc
40
July
12
_100
preferred vtCu_
Chicago & Northwest com
8
Mar
preferred
Series ,"A
7
29 % Feb
Chic
57
10
>11%
84V4
'< 6'/2
'34 >4
26 Va
4 V4
.24
Chic Ind & Louis Ry Co class A__25
Class B
i
5
No par
'8
,10% Feb
convertible
(The)s_u-u._j*._u*.__j_l
Chicago Great West Ry Co com—50
5%
preferred
50
Dec
.14%
23 V2
*7%
6%
34%
^56%
16>/4
,7
*108%
'
*83>/2
-24%
-
.7
10% Jan
18 % Jan
S%%
25% Feb
Jan
HO
.84%
.24%
*7%
t
"
34
>138*
11%
*82%
Chicago Corp
11% Jan
•
'*108%
*83 V21
8
<100
*127%
'4%
*17
-
84%
7
*
"33%
>56%
,17%
16
;7
H
,2,200
"•.25%
*
Tl%
32%
21'
II
25
6%
25%
*22
11% Jan
T
25
,
...
'
Che&apeake CoTp of Virginia
i
5
Chesapeake & Ohio:Ry common__25
49% Mar
.
17%
Chic & East 111 RR Co corn.uNo par >
Class
A
40
24
•
23% July
49% July
17%
,
,
130
:
*7%
3
7% Feb
July
*
.1.25
i
21
Feb
9
July
"4%
11%
Feb
85
7% Feb
Jun
13 >/4
41 y2
Apr
11%
6%
100
*13%
140
(20% ' 21
16 V4
11%
_1__1
£•5% Jan
13% Feb
22% July
15% July
Jan
30
8% Feb
14% May
12% July
Jan
12
28%-Jan -77'
July
17 % July
"
:'.25%;
*16%
16V4
17%
4,800
"
.'33
;>"*32%
6Va
)33%
*138
.102% -102%
"
16%
*4%
.'•'.
5
>57
•*128
•'
4%
i
Belt 'Co_____<—_i.____J-No par i,:
Checker Cab Mfg__u__
■34% Jan .A-7
9
Feb
"16%
i25%
Champion Paper & Fib com_^No par ?
$4.50 preferred
j____wNo par •:
7
I
:31% Jan
17
110
:28%
13 Va
it
Chain
7
3
19%. Mar
% rjan
:
<r8% Jan
5
Copper Corp
-Products__u
*
21%
6%
40
...
97% Mar -4 i
Mar 17
6% Feb'
Pasco
Certain-teed
18
24 % Jan
10
90
Feb
77/a
i
"May-
45
Dec.
4
•92
Jun
•'"'
■:
Cerroide
6'
27Jan
24
20% Feb
Jan
.
30
.
Dec
24% Feb
26% -Jun
Dec
'31%
,
Jan
<
Feb
7%
.
33
11
13%Jan
130
.20%
16 V4
Sugar "Goi
.J_9.50 £
Century Ribbon Mills
u
j_JNo par
Jan -14
21% Jan
-
-
.
104%
*128
11%
.<
bom_5
Corp
>
'55%
'
16%
Violeta
9Va Feo
7% Jan
May
-
West
*102 V4
'
21%
*83
tCentral RR bf New Jersey_____100
26
104 Va
17%
"•31
i
33%
.
"•6%
'
l25%
J
25%
HVa
Corp 3:40%f pfd._100
21% Feb
.
'H25%
'129
•0108 V2
33
138 %
v<57'" " ,57V4
17
17%
'■7 ■
"6%-
32%
t
21 %
110
*32%
138
*4
.
"13%
:'33%
6V2
>
16%
'*6%
28%
* 32
10
5,300
103
•
">6%
-32%
140
'4%
,.,.17%
,28%
28%
*•31
V13 %
13 V»
"•32%
'
11%
*108
28 Va
'32
*101
" 7%
"
<*16%
.
.Jan
>3
128
173'a
;.l
No par 1
series B vtc-u__100 t
: Mar *'7
7% Jan
!28%
*31
M3V4
11-
5
102%
J
33%
*138'%
25%
*102%
,213 a
*17
102%
2,700
'51
7%
"
58 !
25 Va
.131
-.21
Ry Go vtc_
illVa Jan
Nov,.
*129
*102% .103 >, 2'
-
31%
*32%
Shares
'12% *
12%
;*50V4
5 7 Va
13%
'
»
the Week
■<$ per share
.12%
151
'6%
28%
'31% '
,
:140
•
•56 %
'
104%
'
5% -preferred
Central Hudson G & E'Corp_-xvo par :
Central 111 Light 4%%rpfd__u—100 i
110
58
'25%, ' 25%
100
Aguifre- Sugar- Go
Foundry CO-u—-J
Central
Jan
24%Jan
104% Jan %3
«1% Jan
' preferred
Central
,
•140
*102%
l_lNo par
u
20
21
6
:28=18
,
'
.
33
103%
.12%
*48
6%
; 6%
;
6%
6%
'•Vrs*6%
33-%:'A34*<:V' f > "32%
.
.140
-58
,
**102V2
12%
51
''
"6%
•
>34
140
Ko par
33
6%
,
,
100
Luu
Corpi common^.
11% Mar 14
3
34
6%
;,<34 >
—1
32
*12%
*48
52
'*
13% '.•13%
for
Sales
Mar. 18
t
U.per share
1
6%
28% -.28%
*31
•
Friday
Mar. 17
$ per snare
12%
"*50
'
18% Jan
9
13%
i; ; *32%
—_25
»»«—.am I ■
32%
*13 %
Ceianese iCorp of Amer'comuLNo par
$4,75- 1st' preferred*.__s._w_jNo par
7
26% Jan -'
>16% Mar 10
Jun
u-
28%
*31%
A
^50
commonu
.preferred-_
mAm
Caterpillar Tr'actor_L__uu_\...
"-7
Mar
17
(J I) Co
;.>:-• 7%
5
181% Jan
26
3% Feb
Case
;
; Mar 12
-i.Mar
>28%
'Cojtl
_5
'commpn_l__w>uJ.—10
Corp
:
Conv preferred 4% serie(&___
Carriers >& General Corp_L_<-i.
1-7
(7
Jplinch & Ohio Ry___.'._100
iPower & Light
l__No par
Carpenter Steel
•
«108
Jan
7%
103%
•32 % Jan
Mar 16
9% Jan
12%
103%
105
Feb. 10
.
51
Carolina
58
:
12%
Carolina
7
3
16 V8 Feb
Sep
Jun
738% July83,a Mar
Dec
74
-
Feb
11%
12%
Nov.
;.-4
20% <Jan
12%
51
i Feb ;J7
140
16% Mai' 15
:16 ;
13
51
•'
Thursday
'Mar. 16
xj per share
6%
37% Jan
-
Mar 11
125
Dec
6%
i25
Jun
"*12%
$ per share
~
PRICES
Wednesday
*
Mar. 15
6%
:'7% Jan
14
•
$ per share
SALE
Tuesday
6%
11
•52% Feb
Monday
Mar. 14
6%
:33% Feb J8
24
Feb
Jan
-May
Feb
100%
68'/a May
34%. Jun
5% Dec.
22 y8
.<
140
Dec
•
*6%
6
>
mar. Vi
*50
14% Feb' ,2
j30% Mar
>32% Feb
'
.'Satarday
,..
$3 -preferred
A_.ju_-.y_J
*.—10
Capital Airlines Inci™^
y__J—__1
35% Jan
•
lOOVaJan
i
:>ii
'
131
>
•
t
;.V
w
19
RECORD
28% Mar 14
J 4
-July
Dec
Jan
(1235)
LOW AND HIGH
STOCK
•-., t';vr>,r •,.,••• .• J'j
• J • 7... .<• Par
Capital Admin class A -common—i
%
Feb.(1
108
24
-105
Feb
17%
.
•
YORK
EXCHANGE f
•
%
>7% Mar 18
10
12% Jan
Jun
39 %
15
53
31 V Feb
-147%/Jftly
Nov
' 7
.26% Jan -17
.
May
.
i 52 %
Feb.
x50
9
;.
Dec j
Highest
y: $ per share
Mar >4
102 1 Jan
.
NEW
A
5% Feb 23
1.19% May
43 %> Jan
Dec>
v:
32
..Jftly
> 41'%: .Jan
,
Nov
r
35 y8
130
12 % Feb
:50
8% Mar
Feb: ,c..ll03/4 'Nov
26%
Range Since Jan. 1
Lowest
•
y-$< per share
May
Apr;
>3%
>
•
$ per share
■
Feb-'
148%
:30/;
.Highest
share
STOCK
CHRONICLE
STOCKS
1
Year 1948
Lowest V
A <• per
YORK
FINANCIAL
100
800 *
2,000
CHRONICLE
STOCKS
Eftnfe for Prerioua
Year 1948
Lowest
.
I per share
Range Since Jan. 1
Feb
10%
Jun
6% Feb
14
8% Jan
69%
Jun
47% Feb
11
56% Jan
18
14
19%
Apr
13% Feb
7
15% Jan
3
14
29% Jan
24
Mar 18
55 V. Jan
10
Mar
19 Va Mar
55
x49% Mar
24% Feb
Jun
33
53
July
11% Mar 10
12% Feb
17
Feb
21%
Oct
16% Feb
19%;Jan
6
42% Mar
49% Jan'
13
26
52
4
>.'Feb
Nov
15%
Jun
25
11% Jan
7
Feb
57% July
49% Mar
3
54% Jan
12
18
Nov
23%
20% Jan
4
22
20
88
Nov
97% July
8% Feb
Oct
Jan
92% Jan
July
3
57
'.Jan
177
Oct
171% Jan
'
$3 prior preferred
Copper Range Co
Copperweld >Steel Co
Convertible pref 5%
15 50%
,9%
5151%
3%%
99
17y4
•
26% May
Nov
36 Va
46Va Mar
Dec
34%
9iya
Feb
103 %
95
Dec
20 Va
■
Dec
23 Va
Dec
19
Creameries
25% Jan
12
Cream of Wheat Corp (The)
Crown Cork & Seal.com..
15% Feb
19% Jan
24
36% Jan
(
Feb
July
94
7
42% Mar 14
3
23
27% Jan
24
Mar 17
8
Mar
98
Jun
94
Feb
15
96
Jan
Jan
3
24
Jan
7
66
Jan
6
23;.
Feb
24
30% Jan
12% Feb
24
15% Jan 27
,..2.50
98%
16%
25
"
Dec
12%
Feb
34
Jan
•
1
•17% Aug
-
177
Apr
-7% Dec '
-67% Dec
11% Dec d
~7% Feb"
"13%'May
July >;
"17%'May.
'
10
i Jun
->88
67% Jan
12
~8%Jan"~8
?
.73
3%
RR
&%
non-cum
pfd.^
'
1%
Cudahy Packing Co common.
29%
29 Va
*97%
103
9%
24%
I6V2
16%
,1
7
:
Feb
*■
25%
•
42%
25%
95%
>95
71
94 Va
y,-: 28%
••
."*160
■" >178
*8 Va
|
8 Vi
-
1
»%•>
:
469% :71%
^12V» -;12%
"
'
8%
-
69%
-
•
122% Feb
•47%
13% July
150
Aug
,61
May
r-
Dec
12 %
133
"
Jan
19
*
•
133 .r Mar 14
30 %.Jun
8% Nov
27
v
4
93
12
'
Feb
23
14
Jan 24
; Jan 13
16
Jan
*15
.
Jun
•:
: jun
'42
8
20% Jan
7
30% Feb
3
:
38% Jan
Feb ./
18
29
12
Jan
Jan
4
35% Mar 17
3
34
33
1
Jan
9% Jan
7
24
27% Jan
Deere
50% Jan
20 > Jan
3
22
Feb
3
56
/Dec
60% ^fan
55% Feb ll
58
Jan
10
July
13% May
7% Feb
26%
Oct
11
.Dec
16%
Jan
11% Feb
i
Delaware & Hudson
'
Delaware
Dec
Escrow
19 V2 Jan
3
22
Jan
26
Jun
36
Mar
3
40
Jan
7
42
Jan
6
45% Feb
11
Dec
xl9% May
12
10%'Mar 11
13 % Mar
Jan
26
7% Mar 12
25
6%
partic
Diamond
Diana
24% Feb
14
30
Jan
18
48 % Feb
15
51% Mar 11
:Jun
56
Apr
10
Dec
23
Jan
10% Jan ,/3
29
Feb
40
Jun
28% Feb
Oct
9% Feb
11% Feb
33
3
Jan
24
15% Jan
11
11
Class
Dr.
Nov
19
Feb
12% Jan
67%,-Apr
48% Feb
7
Feb
50%
Oct
46 % Feb
16'
97
Feb
106%
Jun
103
Feb
.7
Jan
11
90
Feb
106%
Oct
101% Feb
7
108% Jan
21
Nov
31 Vs
Jun
19 Va Jan
3
22% Jan
26
86% Jan
3
59
Mar 17
50% Jan 21
105
,
.V
10,200
y
" 40
;
*133'
>127*-
^
:900
,■
1
.
18,100
i
•
1,600
.16 ;
•
*15%>. 16
Col7,',.v
16%
29%
*94%
•94.
:
26
r
v
6%:
••
32 Vs
23V4
39%
40%
211/4
7%
35%
21%
10
35%
-
34
U
\
400
1,500
26%
-
600
35%
'•/ 32
6,800
;
32
> 500
1
y> 34%
7% i
.7%
•
1.000
1,700
i
7%
<26
-34%
:
9%::
*7
26 Va
34V4
:;••
*94.1/2/ 95 Va
.95%
.
y/.S%;
"•6%
17
95
r
100
-
'29% A 29a,«
95'-
1
34%
23%
t
16%
200
,,i
,
29
*31%
7%
1,400
100
13
*12%
341/8
7%
*
■.
>;. 700
15%-
.
12%
31%
31%
34%
>
•
*92% > 98
.
34%
34%
■>
r
23%
t
y;
7
;3,200.
yyyy 10
i
24%
93
7%
900
3,800
121% Jan
21
Jun
15%
Jan
119
Feb
281
97% Jan
3
113% Mar 14
10% Mar
9
1
Jan
12
12 J/4 Jan
10
$ per share
Dec
25% May
13%
Oct
20% May
14 V8 Feb
Dec
19%
Nov
12
12%
Dec
22%
38 Vs
Feb
16% Feb
26
No par
common
Jan
5
33%
Dec
28% Feb
15
14
Dec
14% Jan
4
82
Mar
19% May
92% Jun
Jan
98
\2
10% Feb
Jan
Feb
32% Jan
18
Jan
v
4
Jan
20
90Jan
11% Jan
100
8
8
14%
*
184%
120
*99 J/2
113%
113%
B
*10'%
11
Monday
Mar. 12
Eagle-Picher
Eastman
6%
Kodak
'
Inc
Co
1
103%
107'/a
10
preferred
Eaton
5,500
185%
184%
1851/2
120%
120%:
200
.
1,400
/
2,800
12%
.11
10%
1,100
100
114
10%
10%
•
.
121 Va
10%
$ per share
13
169
29%
*14%
*11 Va
45%
''I68J/2
171%
29%
900
7,200
*11
.45%
•
*168%
30
*14%
17%
15%
*13
11%
45%
15
Shares
17%
11%
291/2
for
Sales
the Week
15'4
>
•:<"
45%
169
90
$ per share
16 Va
171 Va
400
Friday
17%
J/4
700
///
110%
Mar. 18
17%
45
100
114
■V/Vy. !
Mar. 17
13
*11%
15
*10%
•
Thursday
:•
a
114
■
■*V"4>'.' v ■:'
16
15%
11%
29%
99 7
•
■:>.£„
171/2
45%
15
121 Va
121
100
13
11%
29%
12,100
16%
45%
*169
186%
i7%
•
*12 %
15%
186%
153i
-1
13
30 Va
900
186 J/2
114
$ per share
per share
10%
185
Wednesday
Mar
100
10%
120%
HIGH SALE PRICES
Mar. 15
■y__.
10%
100
100
*113%
-■''■.I
10%
114
*120
99%
114
Tuesday
169
2,600
,
84
17%
*15
,
20%
*81
16%
29%
15
20%
*12
17%
169
171
15
.21%
12%
*10 J/2
11%
4,500
V
1037/a
84
99%
45%
:/
107 Va
"81
15%
11%
169
*103 J/4
*107 Va
*12
*12%
45 Va
1
103%
107%
21%
3,000
>48 J/2
11%
13%
11%
.*29% >'30%
2
Co
14%
<
587/a
58
48 Va
10%
16 %
45%
100
Manufacturing
Edison Bros Stores Inc commons
:143a
•:>■
48 %
84.
*81-
17%
" 45 Va
5,
Corp
common..
.
29%
.29%
:
59 /
,
107
.21%
21%
.
84
16
*12%
13
*103 J/4
103%
17%
*16 Va
16
48 Va
*14% >14%
120
11%
400
11%
„
12%
11%
10
57
48%
*113%
,
.
9 per share
.
17%
*17%
10
Co
Airlines
share
55%
*UVa
.<
•
10%
Mar. 14
$ per
11%
30»/a
'14%
107
LOW AND
Saturday
STOCK
30
200
51
11%
10%
100 y
114%
YORK
11%
>•
;,900
27'/a
27%
*50 'A
120 ;
120
100
*10 J/2
27%
50 Va
184%
185 %
120 J/4
11
11
29%
107
21%
13,900
141/a
10%
*11
103%
21
1,500
13%
14%
.
200
7%
14
48 Va
<
400
ll'/s
7%
50'/4
,
700
11 Vs
7%
10%
55%
14%
1,200
42
10%
29%
56 J/2
38%
37
*40%
*26 J/4
50 J/4
V
600
13%
;
28
*11
48 J/4 >48%
-
10%
50 J/4
*55%
;>
14 VB
*26
; ,11
30 Va
*81
*99 J/4
4%%
Ekco
preferred
Products
7% Jan
7
Elastic
7
Electric
Jun
6% Jan
29
38 Ve Feb
11
43
16%
Oct
12% Feb
25
15% Jan 21
32%
Feb
37%
Jun
32% Mar 18
1%
Nov
2% May
1% Feb
25
13%
Feb
23% July
19% Jan
3
Jan
4%%
5
3
preferred
Stop Nut Co
Auto-Lite
Electric Boat
common
34% Jan
7
2VsJan
12
Elec & Mus Ind Amer shares
20
Electric Power & Light com__No par
$7 preferred
Nopar
24
Jan
Convertible
preferred
153
Feb
15
163% Mar 15
Oct
135
Feb
15
144% Jan
45
Feb
28
51
Jan
10
12% Jan
29
13% Jan
7
Jun
18% Feb
5
21% Jan
7
Elliott
Jun
49% Feb
8
57
Jan
6
14
47
Feb
28
17
Jan
19%
Nov
27%
Dec
74%
Oct
42% Jan
66
Jan
3
10% Feb
19
12% Feb
24
12%
Jan
16% Aug
14% Jan
6
29%
Dec
34
Jan
30 Va Feb
16
97
Feb
104
Jun
100% Jan
24
Nov
4% Mar 12
11% Feb
53% Feb
24
24
/ 68%
Apr
64% Feb
9
9
Jan
3% Feb
25
20% May
11% Jan
7% Mar
3
6% Mar
36
7% Mar
Jan
3 Va Mar
28-
5
-■
4
3
$6 preferred
Nopar
Electric Storage Battery
Co
5%%
15
30
*14%
151/4
5%
9
El
7
Emerson
15% Jan
7
10
104
Jan
13
5
Jan
7
14% Jan 21
61% Jan 24
68
Erie
RR
5%
Erie
Office
Bldg
preferred series A
Pittsburgh 1 RR Co
14 Va
,14%
35
33%
33%
*33%
35 Va
*33'A
35%
*1%
1%
1%
1%
1%
22 3 a
22%
22 J/4
"22%
1%
22 Va
164
162%
163 V4
143
143%
163%
143%
163%
147
.
.
22%
45%
13%
143 Va
46
13%
13%
*20 Va
*54%
r
162
*142
21
22%
163 V2
7%
600
13Va
9 00
11%
46
11,900
60
171%
30
3,500
15
200
•131/4
13'A
'
6%
1,300
39%
2,100
14%
32%
32%
1%
1%
3,300
22%
yy: 22%
22%
12,800
1621/2
162%
1,400
3
.
162
"
;
/■:
<
>
*142
45%
45
45%
13
13
,*13
131/4
•
20%
20%
201/4
20%
20%
'.56%
*541%
56%
*541/2
50
y
*45
*11
*45
50
*45
50
74
74
75
75%
12 Va
74%
*11%
74%
11%
12
11%
11%
__1
Nopar/
100
7
Evans
5
8% Jan
7
Eversharp
Mar 14
Ex-Cell-O
1
\
*8
4%
4%
12%
12%
-
7
F
*14%
103
*1011/4
12%
3
41 %
.2.50
*3%
"3 Va'
*60
4
7%
42 Va
..
8%
7%
43
•:;* 3% y-3%
:,Tj
«
8 Va;
7
3%
101
14
14
15
33 Va
■
,
4%
4%
4%
12%
121%
12%
*551%
57
*55Va
*60
64
*60 Va
4
4
4
4i/a
8 Va
"7%
43
3%
-
:
,
8
8
7%
7%
411/2
41%
*3Va
3%
*8
7%
41
*3%
)
20
4%
4%
3.100
12%
7,700
.
55Va
63V2
4
,
*8
7%
8 Va
-
300
55%
*60%
.
8V4
3%
400
1,000
103
12%
4i/a
41
*101
v
55%
63%
.
«...
1,300
5,300
15
12%
4%
/
■
1,900
11%
32%
IOIV4
4%
'
1,500
75%
141/4
15'4
64
,
*41%
103
74%
33
33
55%
4
fr>*7%
-
14
,
12%
,
55%
64
4
8%
7V4
55%
*62
4%
42
103 /
'*55
55%
,
13%
14%
32%
•
*101%
4%
64
*4%
14%
14%
32%
14%
14%
,*32%
43/b
*62
r
*101Vt
,
<
33
*14%
14%
33
12%
55%
;
50
14%
15%
15
14%
32%
103
*32%
*101%
4%
12%
25
100
"j
15%
15 %
33
500
50
y
1,100
56V4
*45
600
1,400
20%
*54%
21
12%
15 Va
*14%
700
'
144 yy,
143%
*4538
75%
.
1,900
6%
75
5
/
.
14'4
*12
*55%
:
11%
1%
22 Va
.162
89
102
39Va
33'4
.143
45%
/>
*100
141/4
1%>y
11%
39%
331/4
144
451%
57 Va
50
>21
46
57 Va
*13
45%
13%
46
V
,:,6%
*14
*45
10 Va Jan
Exchange Buffet Corp
14%
13
5
21
14%
*12%
Eureka Williams Corp
4% Jan
14 Va
'50
*45
76
75%
6
Co
14 Va
39 Ve
39%
57%
31
Inc
Corp
391/4
21%
Jan
Products
40%
*21
4% Jan
43
39%
*88V4
•
*56
10
common
commons
&
40%
:
11%
102
4
Radio & Phonograph
Empire District Electric Co
Equitable
y
7
40
1%
89
11%
*100
3
Mfg Co
Endicott Johnson Corp
4% preferred
*8614
11%
50
Emerson
15% Feb
33 Va Mar 18
7%
89
102
10
Paso Natural Gas
Electric
*7
11%
*100.-
50/
common
preferred
preferred
13% Jan
7%
7%
*86 V4
>..
11%
102
'
7Vs
*13
Nopar.
conv
77% Mar
•
,89
'
U Va'
*100
14%
22%
*161
*146%
45%
1
11%
102
40 %
1% :
s
Elgin National Watch Co
12% Dec
18
;>
*33%
Nopar
*100
102
*88
89
.11%
11%
14%
\
100
1
(The)
Oct
56%
11%
*100
*67/a
*40'/4
2.50
common
*88
89
487
100;
Co
Jan
48% Dec
■>
*113%
26
Jun
page
21%
100
Feb
56
see
*81
Par
3
7
10
Feb
rnot.Ks
107
No par
$ per share
11
May
30
EXCHANGE
39% Nov
49 Vs
36 'A
13%
*7%
700
1,200
■
88
Jan
6%
30 J/4
No par
174
164
30% Dec
16% July
65% July
30%
series
7
Dec
11
series
13% Jan
16%
11%
$4.50
46
Jun
11J/2
*11 Va
7%
10%
;
28
11%
'
7.%
51
$3.50
7
July
*26
*50%
Preferred
11
49
27
50%
Preferred
Duquesne Light 5% 1st pfd
DWG Cigar Corp.
9% Feb
20 Vs
27
50%
184%
120 %
42 y8 Feb
76
10%
11%
184 J/2
Jan
Feb
141/a
10%
14 %
8
10%
Du Pont de Nem (E I) & Co com__20
46% May
Feb
13%
13 7
y
11%
*11%
10%" /• /• 10%
Eastern Corp common
Eastern Stainless Steel
Dec
11
84
Eastern
12%
*10%
10%
7
56%
11
*81
7
41%
*101/4
7%
*11 Va
13
166
11
7%
11%
19 Va Jan
147
•10%
7%
84
16% Jan
Feb
10%
7%
.10%
13% Jan
Feb
43%
•
7%
12%-' 12'A
21%
21%
38%
*41 %
*10%
7
123%
38'/4
42'/2
28%
21%
100
_
21
139
38%
•42%
*11 J/2
preferred
conv
Feb
8%
38%
43
■; 59
7%
20%
38
50%
14%
20%
:
38
43
50%
107
_50c
common
International
Corp
NEW
Mar 18
21%
3 81/2
43%
'1,500
10,200
23%'/ 23 y4
12%
*10%
7%
14%
No par
Co
Industries
Highest
Sper share
13
16%
21%
*21%
121/8
43%
1
Range Since Jan. 1
Lowest
Highest
106
*20%
21%
*54
7%
231/2
■
•23
2,000
40
21%
.
■'21%
59 :
7%
12%
STOCKS
Year 1948
Jun
;
>
c
5
preferred
Range for Previoua
175
*12
No par
27
115% Jan
12
21%
101
Jun
12
21%
21
99%
No par
:
12
*39%
;
.21%
*54
•;
7%
22%
>
40
i22%
•22%
23%
38%
21%
-
*7%
-22%
8
30 J/2
■
23%
;
38 %
,11
*27
59
*54
23%
21%
f
*
10%
.1
•
■;
59
106 J/2
187% Jan
116
*10%
:
23%
*41
*314
4
,
1/200
8 Va
200
7%
15,800
41%
1,200
3%
-!
t
9Vr
22
23%
i*94%
>*25%x;26%"
34%
21%
*103%
3%%
n,
,
!7%
103%
Duplan
4
21 %
43%
137/8
Ltd
2nd
Dunhill
Dec
6%
.
23Va
107 'A
1
FV
•
41'/,
<
*54
107 Va
5
3%
?• 600
3
?
28%
s
7%
*103 J/4
21
Dec
•:.
*15.'/4
•
17-•;
*94%
12
«■38V2
43%
591%
103 7/a
Jan
Dec
; rioo
,
'122 Vr
v.-'",-21%
.
y 137;
,*12.%,
•
23%;
7%
•
*103J/4
13% Feb
Jan
21 %
*38
,
21 »4
No par
13
7% Mar
16
23%
12 Vs
;
23%
*4OV2-
No par
3
179
*55%
•
7%
23 %
12 Vs
24%
40 %
$4 preferred series A
3
9%
7%
7%
■21%
21%
$3.25
8
34%
•
:
6%
:
.
24%
12%
•
17,
•
,s
34% ;
-y;-y 7%
7°,s
14%
10% Mar
,
;
<
ri7%
y
*120Va
•.
•
48%
11% Mar
Feb
2,200
t%
>45%-
>9%
9Ve
21% •21%
>*92%
94
yy,: ; 28% ;
32'/a
V
34%
57%
84% Jan
Sep
:S
*:
"
34%
*31%
'
-
14 J/2
May
Dec
■:■•>.
31%
48%
July
4
35%
56 J/2
May
50%
^4Vs
.
V 12%
>
*25% -'26% y
%
18
59
y >
>
31%
.
49 Va
98,
Feb
-SV4
72
6% ;'y.y;vy 6%
*23%
.
*34.%.. 35-Va
;.
*92%
A15%
17%, >
*7
57%'/
20
Jan
•
7 Vi»
*48%
Dec
9%
*17
y-
17%
•>
6Va
*133
r
05 •:»94-' :..; 96 V
*93% *95
*9% ;rf:9% )>"'■ »■ 9,%.:
9%
*57
Dec
4%
24%'
>'29 VB
•
15
Jan
188% July
124% Jun
7%
No par
Corp
Chemical
12%
9% Mar
9%
.
-
24
10%
Douglas Aircraft
12
X55
i
>23%v 23%
*94% y:95'^;^,;'
,
95 v
,
.7%
343s
y
>
59%
*55 Va
_No p«r
Dome Mines
Dow
83
Jan
*133 V137
'
1
,12%-y
17%
29=5.
40
13%>
A
Dresser
5Vs
80
2,900
:
-
' >12
:*45% ,',.45%
V
*15% v*16'-i:
>
9Q
41
Ltd..—;—2
Pepper Co
Nov
Dec
*12%
'/j
24%
>
7V2
_
Doehler-Jarvis
11V#
Dec
900
600
•
•
13 V4
*69 f
f
12% MM
122 I-i -y
y-45% y 45%
*92% ri94^<y;s>;
•-
->*26%- 27 i.
8
>23%
2 y
Dixie Cup Co common
32%
10%
'
>';y
v'
■
21% > 21% >y
«
12.50
Nopar
Corp
47
92
8
._____50c
Distill Corp-Seagrams
41
Sep
35
40%
>
r
.
25
Corp
Divco
Dec
157
-
.1;
Car Co
T Motor
Stores
6
Nov
18
72
10
V.;.;.
•'
•
'(■ 178
*160
' y. 560
I
;
28 Va
•
*
t
*121; y 124.;
24% '.24%
..
.
-15%
,
31%
24
20
preferred
8
46%
S per share
'r-
•> y.-,21% !;• 21%
y:21Va
23% •'23%
17 %> •17%
'•
27% t '
1
Devoe & Raynolds class At
Diamond Match common
Jan
25
Lowest
'*17
9%
.
21%
>:*94 %K 95 Va
35Vs •'*
35
*31%
/
100
;
Corp..
15% Jan
20%
Feb
*16 3/4 V 17%
•
-
46—
9Va
12%
*93%
V
9% E ~- y.i 9%
5
Steel
17
2
Dec
:
:
24
13%
Jan
*45%-
;
29 %r
;
>>:
7V4.
93
15%
18
•
,35
Detroit Hillsdale & S W RR Co_l00
1
94
•'
133 V 137->
12%
'
' 95%
*26%
—100
com
pfd
De Vilbiss Co
Jun
6% Feb
for
for
8
46% July
19% May
;
ctfs
Escrow ctfs
Detroit Edison
12% Jan
11
46
113%
*93 Va
.
50
Detroit
28 V2
111% Aug
10% Dec
•
>23 Va
92%
V:
.
29%
:: *9Vi
100
Detroit-Michigan Stove Co«_j_
Feb
Mar
•;
*122 y.' -125'-'?
24%,,. 24%
-
^94%';95%->
20.
Western..
&
7
38
164
Lack
<
7V«
No par
common
2
35% Mar
xl8Va
-.
■
*17%*
1 i
—
9% Jan
22% Mar 16
Mar
:
17
529 V4
50c
24% Mar
19
22 Va Mar
13
?16
——50c,
;
24
20% Feb
58
21% May
19%
Co
&
7%-preferred
7
38% Mar 17
39% July
Apr
Dec
.
■■'yyyi 8%
8%
•-
70
13 '
•
,
Denver & Rio Grande West RR
20
8%
8 Va
--
'*69*'"
(*12
"iV6%:'i ;V.-v-6V«i.v6%
133-
'133.;
:
23%
.
23 % r
*12% i 12V2 "
*
100 r
Li
Inc..
Deep Rock Oil Corp
24
40% Jan 21
26
7% Mar 16
July
.*17%: '17%
.
'
series B__
Decca Records
Feb
> ;
; 92% V.,-.
*92%
Preferred 3.75%
Dayton Rubber Co.
Jun
•
24% V 25
>
100i
7
32
137v
>
-*23 V4
j
series A_-
8
Feb
1;
Preferred 3.75%
20
!
V
.
Davega Stores Corp commons
2.50:
5% conv preferred
:
20 t
Davison Chemical Corp (The)_-_;1,
Dayton Pwr & Light common.*
LI.
9% Jan
25
t
yyn2%y;-.i2%'
.
*28 >■
,
14%
10% Jan
•
*133
•
-
^pM'series aZ—1..1Q0
3%%
95 % Jan
2
32% Mar
;
Dana Corp >common..—
11
6 V4 Feb
pfd;..—100
Inc——.—No par
9% Feb 23
Jan
13 %
Feb
Cutler-Hammer
8Va
y*69 '-:. 72- •
•12 %.
:.yy. *69
>
300
3,400
•
95
•
21%.
;
21%.
'
'•
178:
>
*94
.
13 r
94
\
■
;—J—
Cushman's Sons Inb 7%
95% Jan 21
31% Jan
46 V.
t
A
92% Jan
"
34% May
Feb.
preferred.^
Class
4
50 Va
Dec
Prior
.>•17.;" ;i7%
'6% <6%
/
,
Curtlss-Wrlght compion
-
'17%
123
124 v
___No par
*120 f 123
y
-;-No par45'%-&45% >>>, ?
x ^45%
9% /' 9 V4
1
9% -a 9V4 •
.' 21%
1—-1'.;:.--V 21% >21%
-.21%
—;
ry7%y
*160
;;
•94
'
28%
3,400
y
42%
'
*17"
/
qom—...Nopar yy'.j 6<% >^6% »>'
Jan
.1.92
Jan
94
28
xl6% Mar
31% Aug
Jun
Feb
C6V4 Jany 3
,
13% Jan
29%
$7 preferred
-
-v Mar 14
M5%
(
Sep
31%
14%
Feb
Publishing
*28
300
17
16%
•
.•
21%
>*12%
13 Vs >13%
*160. >.178
95 '
•
21%
1,100
24% V:24%
<•
94%
100
.
.
9%
24%
*417/a
.
y.;
*68 Va ,70
28%
*28
-
evs
*94
21%
102
9Va
•>-
..
•
-69%
1,000
3,300
i
167/a
42%
94 y
600
2
29
15% Mar 18
•4
%94
..Dec
•7%
7
w Jan
'28%. July
,
Feb
•8 %
26 % Jan
27
5
7
87
17%
>82%/Nov
84
Sep.
•
24% Jan
20%- Jan
13% Dec;
14%. Dec
24%
19
Jun
94%
';i'Oct
18% Feb
Jan
137-Jan 21
^
4
22% Jan,
Curtis
>Jan 19
9% Feb 28
f
•14% Mar ls
85
Cunningham. Drug Stores Inc—2^0
7
-
50
'
3
22% Feb
Jan
-
129
Mar 14
7V«Jan
x31% May
Sep/
=
Sep
July
.137
-21% Mar
45
July
28%
4% Feb
18% Feb
■
7
7% Jan
>4% Feb'24
119 V« Mar ,4
y
,
v
■
24% \ 24%"
■
21%
•'
12%'
•
95
16%
r
310
3%
».
*24
*41%
.
69%
'8 Va •y
12?/4
.
(
42%
69 Va
178 f
J .*69
69%
•
17%
42%
i
2,500
*98%
,
9%
*94
13%
*160
99 •:
24%
t
28%
13
3%
9%
.24% -i 24%"
94%
95'/4
40
,
-
28%
t*24 •>■
;
22 Va
:
99
560
1,700
■
174
173%
29%
i
;
63
63
2
28%
9 '/a
98
*97%
•
2
25
-
95
,
99
13
•
12%
:
3%
*16% '
95%
*94
*160?t 178
97%
'
3 Va
2
103
9 Va
(•
95
"
28%
*24%
25'/a
28 Va
V-:28%
;
-
900
,y>
21%
■
173
172
■
;*;
51 %y
21%
62%
172
*99
•
17 Va
;
x69%
-13
1,900
1,200
51%
>:. 9
9
51%
>■:
98%
•62%
2
103
•'
71 %
*97 V4
63
'28%
42%
22 V*
y-
■
■■;y*96%
97%*
3%
29 Va
9%
•70%
120
15%
;
*96%
-2
•->
24 Va
yy
1,600
••
11%
*50%
>
:
21%
98%
•
172
2
16 Va
V
•
300
vi
15%
.
x21%
.*3%
3%
24 Va
*22
,
>29-
^13
173
42%
>•
95%
94%
;;
22 %
:71V4
*27%
.
wAVi% preferred..^.;—t100
Cuneo Press Inc—\
—8
18
' Feb! 28
16.
24% Jan
-
9%
52 Z :
21%
>
97 Va
"
15% Dec
y
si :
*9 Va
..."
97 Va;
21%
62 %
*9Va
17%
42%
25%
>42%
•
*11%
V
51%
•
51%
*97%
24'/a
•
8,300
28
53
28'
53
•
*97%
■
9%
v
.
28%
*22
.10
27
9
"
*1%
*94%
.
100
,Jan
V
16
*50%
51
9
51%
62%
3%
1%
: 96
<■
Cuban-American Sugar commen__10
7% preferred —'
—100
13% Feb
17
Jan,. .4
.
Cuba
15%
98 Va
173
173%
3%
"
155-
14%:
11%
*11%
*50%
97%
Va
173%
495V4
.100
62
24%
;
51%
*96%
*97%
63%
9%
25 %
*
63
•
24%
*42
;
Nopar
Nopar
preferred
conv
-97%
103
9'A
Crucible Steel of Amer com_.No par
5%
<
...
21% •21%
29%
*24
Nopar
5
com
preferred
$4 2nd preferred..
72% Jan 24
Jun
Corp
21%
3%
*97%
2
$4.20
4
20
78%
Zellerbach
55%
14%
'
9 Va
21%
2
2
1
4
preferred
$2
Crown
7
America
11%
15%
9,200
55
; ;.y-
54
,
11%
i
y.
51
9 Va
1
51%
175
*3%
29%
preferred...
of
*
;1
100
9% Jan
7
28% Jun
.
3%%
Mar 10
100
3
;•
9%
*96%
>63%
:—25
14
•
51 v:,;
*53
''
Shares
>
7
7
yyy
28
28
15%
52
98 Va
25 •" <?63
100 L 4174
1
Feb
Jun
129
66 Va Dec
*87%
Jan
23
Dec
55
i6
i6
*50%
51%
97Va
common.
12 Va
y
*97%
*96%
8% Jan
Jan
24%
Co
11%
16%
9%
'21%
:
12
*53
54 Va
.
*22%
com
54 Va
28 V4
.
*•
14%
*14'/a
•
:
yty/,:,
7Va
for
the Week
$ per share
55 ;
53%
■
Sales
Mar. 18
;
'
1947—100
of
ser
Refining
Crane
Jun
13
Dec
Mar
Products
55 fi
x28'/4
-
Mar. 17
7
54%
>
14% t 14'/a
•
t-
5
7%
29
*50%
-
>
.9%
____100
preferred
pfd 3V2%
Cum
Corn
-51
28%
11%
,
16%
50
•28%
7 Va
53%
14 Va
16%
11'% >11%
:20
•*14
,
$ per share
$ per share
;«'yV7'
7 Va
•55%
54'/a
54 y4
4
V
16%
1.4 %
■
•
7
;55%
y 28%
}
55
.-1
7
98 Va
Sep
8%
*54%
Mar. 16
f per share
7%
7
55%
14 Va
28%
:
series
32% Jan
25
28%
•
'
preferred
Coty Inc
Coty International Corp
26% Feb
5
-
•'
«•
,
25
Exchange Bank & Tr Co
Corning Glass Works oommon
8
Jtm
15V4
Corn
26
39%
*14%
Cornell Dubilier Electric Corp
3% Jan
Feb
y ;
7 >/a'
55%
No par
common.
,2%Jan
Feb
*
54%
,
V:.".Mar. 15
Friday
Thursday
Wednesday
Tuesday
.
Mar. H
■-S per share
per share■
7.
■
.Nopar
7
Jan
3%
92 Vi
common
1% Feb 25
5%
Dec
x21
Corp
18
1%
>
14
Corp
Cooper-Bessemer
■
Delaware.^.
178% Feb
3% Dec
29
of
Continental Steel
25
63% Mar 10
6
3% Jan
Feb
.99
6
Mar
66% Mar
56% Dec
Par1'".,; 9
1
"
98
Oct
86
164 Va
'{■■■;
5
Oil
Monday
■
;
Mar. 13
Continental
99% Jan 25
10
94
Jan
Saturday
Continental Motors.:.
15
50%
Nov
50
9%
LOW AND HIGH SALK PRICES
STOCK
''
;
.
7
46% Feb
6
YORK
EXCHANGE
$ per share
$ per share
$ per f it are
NEW
Highest
Lowest
Hlfhe«t
Monday, March 21, 1949
Number 4787
169
Volume
Range for Previous
A'v.
I per share
$ per share
$ per share
;>i't
»
•
&
FINANCIAL
CHRONICLE
'
¥
Iitvlsy.
■;.
Monday-i Tuesday-"."''
%=. ' Mar. 13
;>.-
,
(1237)
LOW AND HIGH SALE PRICES
,
Lowest- *
■■■;
$ per share
COMMERCIAL
VSTOCKS
;>
Range Since Jan. 1 V>A
• NEW YORK STOCK
'-3;'. Highest -V
':>.>• >A
EXCHANGE- ..
>
year m» •..»;.;
A
Highest
•
Lowest
-r.
THE
Par
Mar. It
$ per share
'
f per share
Mar. 18
Mar. 17■'
Mar. 16<
$ per share
'.Friday
Thursday
Wednosday
•
Mar. 15
$ per
$ per share
$ per share
for
Sales
-
the Week
;
Shares
share
F
,37
Nov
„
xl9%
20
A
5
35 lA
5
20 "ft
Feb
Dec
17'/.
Dec
53%
Feb
42
Dec
Morse
At
A 7% Janv.
No par
Co
Fajaxdo. Sugar Co
Falstaff
i
i._-
,
1
38-% Jan
26
16% Mar 10
,17% Jan
26
4%. Mar 18
6% Jan
10
Federal
r.
28 V2
24% Feb^
9
Jan
£
99%. Jun
96
Jan.
4
99% Jan
20
24%
Sep
17 a
Mar 11-
20% Jan
5
26'%
Jun
17%-J an
6:
4%%
69% Oct
64% Jan
31
44'% Feb
25
49% Jan
105'%
Jun
Jan
4
.
Dept Stores
preferred
59% July
53
Jan
'3
61% Feb
4
26
17%. Jan
3
Firth
Nov
31% Jan
7
Dec
-
Jun
24% Feb
7
May
98% Jan
7
(The)
100% Mar 17
preferred
$4
6
24
10% Jan
23% Mar 17
29% Jan
•
Florence Stove Co
Florida
•
83
Mar 17
90% Jan
18
Mar 10
95
26
Mar
23
Feb
Dec
16% May
9
Feb
10
8% Feb
8% Aug
35%
Feb
10
-May
47% Oct
Feb
17% Mar:
68%
84
X38
12% May
24% Jan
.
Dec
6%
%
Dec
16%
Dec
Dec
6
9
Feb
Dec
6Va Feb
10
Feb
21
7 % Jan
4
17% Jan
Aug
Dec'
9
13
May
105%
Dec
Feb
41% Jan
Jun
5%
;
conv
Gardner-Denver
3
Gar
3
24
.
Gamewell
32% Feb
23% Jan
4
8
3
15V« Jan
20.
103% Jan 25
42
Feb
10
10
Feb
Dec
160
Jan
9% Feb
24
14% May
General
7
10% Jan
24
6
163% Jan
11
Jan
>
106 Va
106%
106%
107%
58%
58%
60
60
*15(4
15%
15%
15 Va
500
26 Va
6,900
100 >/a
250
*98%
27
14%.
13%
*13
$8
8
Jun
69
27% Mar
3
31
Jan
7
4%
18
Dec
24
Jan
17% Mar
4
19% Jan
8
xl25
Nov
144
Jan
31% Mar
43
34
41
Mar
87%
Nov
7
conv
Cigar Co Inc
42% Jan 21
93% Jan
4
28
97% Feb
13% Jan
23
7% Feb
11
52% Jan
13
128%
Jun
108
Jun
46
Feb
■
123% Jan
98
Feb
4
127% Mar
25
107% Jan
Foods
3
5%
13
share
50% Mar
Range Since Jan. 1
Lowest
Highest
$ per share
•
$ per share
56% Feb
125%
Jun
123% Jan
5
Feb
99"%
Jun
x97
Jan
6
12% Mar
17%
Jun
13
Feb
16%
26
Nov
23% Mar
Feb
2%
18%
Dec
22%
14% Jan
8
Gen
3
25% Jan
7
General
10
11%'Jan
3
18
May
Jan
24 %
Nov
31%
132%
Oct
Dec
Apr
102%
Dec
Gen
20% Jan
3
24
?;
Gen
A 24% Jan
Mar 14
28
Jan
Jan
27
25% Jan
10
3
3
22% Jan
100% Mar 16
102% Jan
Jan
30
Jun
18
Feb
25
21% Jan
90
May
75
Jan
24
77
Jan
72%
Jan
82% May
5
73
Mar
71% Mar
9% Feb
Feb
Dec
75
Dec
Mar
7
33% Jan
8
91
Jan
13
4
17% Jan
5
Jun
74% Feb
May
Nov
47 % Mar
•24% May
64% Oct
94 % Mar
103 %
Aug
38% Mar
50%
Oct
96% Mar
105%
Oct
Dec
76
Jan
Feb
28
21% Jan
3
Gillette
$5
7
48% Jan
xl8
5% Jan
112% Mar
53
3
14% Jan
3
Feb
10
56
101
Mar
x40 % Feb
101
Jan
Jan
17% Jan
103
7
11
45% Jan
104% Feb
3
16% Mar
$5
7
4
18% Mar 18
Grand
Feb
35
Oct
24% Feb
8
28% Jan
Granite
May
Jun
Dec
36%
'14% Sep
40
July
Dec
132
Feb
Apr
20% Mar
95
Jan
12% Jan
6
13
Jan
25
14% Feb
11
Jan
3
34
12
Feb
23
13
36% Feb
24
43% Jan
16% Jan
3
18% Jan
10.
145%
Jun
135% Jan> 6
Jan
144 % Mar
13
Mai" 18
13%
Dec
17% May
13% Jan
10
Feb
13% May
10% Jan
Jun
Dec
98
16%
Nov
25% July.
Jun
33%
3
38% Jan
•7%
3
4
14 % Jan
25
4
11% Jan
6
>
93% Jan
15% Feb
Jun
5
Feb
10%
9
t
70%'
v-
97
July
92
26
8
97
•
Mar
19% Jan
24
6
4%V*
7
Feb
Jan
4
94
Feb
16
Nov
20%
Jun
10% Feb
24
14
>Jan
7
<
Feb
58%
Jun
45
Feb
15
50
Jan
8
:
57%
Feb
81
Jun
19
137%
60% Feb
26
14
Jan
18% Juiy
16% Jan-;. 3
page 28.
No
Stores
8%
71%
8% A 8%
*70% A 71%
*27 V2
28%
*27'A
28
300
19
*18%
19
1,000
137%
8%
97
97
A
47
96
127%
47
*98%
37%
36 V*
37
42 Va
41%
97
97%
8%
8%
8%
47%
47%
47%
127%
126%
127
*97%
99
80
37 Va
21,700
42
42%
9,400
-
*98 A
8%
8%
2,100
47 Va
*126%
47%
1,800
127%
400
98%
98%
300
\
127%
99
A
PRICES
Tuesday
Wednesday
Mar. 15
Mar. 16
S per share
$ per share
Friday
Thursday
$ per
S' per
share
59%
60%
59%
59%
59%
59 3A
59%
59%
59%
59%
124 %
124%
124%
124%
124%
124%
124%
1247/a
124%
99%
99%
99%
S9%
*99'A
99%
99%
99%
124%
A *99%
125'A
99%
9"%
/y.
*l3Va
14
13%
13%
*13'A
>13%
13%
13Vt
13%
AA
24
23%
23%
23%
.23%
23%
23%
23%
23%
!.
,%3%
13%
15%
15 Va
15%
*15%
15%
15%
15%
15'A
?*15Va
2%
13%
*2%
2%
2%
2%
2%
2%
2%
15%
2%
12%
12%
12%
12%
12 Va
12%
59%
'
19
19%
191/4
*18%
19%
18%
18%
123%
*121%
123%
*121%
123%
121%
51/4
5 Va
5'A
5 Va
5%
x5 Va
*23%
24%
*23%
24%
*23%
24
24
25
24%
120
121
119%
26
120 Va
24%
24%
20%
24%
*100'A
19%
19%
24%
12%
18%
*18
121%
*121%
5'/a
5 Va
24
24
24
*23%
24
900
12%
:„Af
600
16,800
400
18%
100
123
5%
4,800
24%
■
300
■
1,500
24 %
24%
24%
25
25
119%
119%
xll6
116
260
25
25
2,500
1,300
•••>.
» 40
25%
25
25
22
22%
22 "A
22 "A
100 "A
*99%
19%
19%
19%
*22%
22%
*99'/a
100%
19%
19%
100%
*19%
V
22%
100'A
19%
A
v.
1,400
*76
79
*76
79
76
*73%
77
*73%
77
*70Va
72%
*70%
72%
*70%:
72%
*70%
72%
*69%
72%
*69'/a
10'A
10 '/a
10'/a
10%
10 %
10%
10 Va
10%
10 Va
10'/a
10'/a
10'/a
3,600
30%
30 Va
30%
30
30%
30%
30%
30%
31%
3,600
85
83%
83 %
*82%
v
18s/8
*52V«
6
;
*110V2
15%
30%
30 Va
84%
*82%
%
15%
15%
15%
15%
15 Va
15%
15%
15%
78%
*75%
78%
*75%
78%
*75%
78%
*75%
77%
100
18%
18%
3,800
*52%
54%
19 Va
*52 %
15%
15%
102
15%
15%
61%
102
42%
104
6
*110%
114
63%
62
63 %
*52 %
6 Va
*110%
102
19
19'A
53
*6
6
114
*103%
*15%
102
18% A 19
19 Va
6
15%
62%
102
6Va
6Va
-
112
*
112
110 Va
15%
15%
62%
62%
102%
42%
42
42
104
104
*15%
*15%
42
16%'
16%
18%
53
6Va
*110%
*101%
103%, 103 %
43 Va
104
18%
53
53
*52%
53
-
16%
15%
61%
102
42
6%
6y8
*110'/a
112
15%
15%
62
62%
*101%
102
A"
104 v:
*15%
41%
42%
*103'/a
104::
16
16%
21/4
2%
2'A
6%
6%
6%
6%
6%
17%
17%
17%
17%
17 Va
17%
17'/a
17%
17%
7,
18%
18%
(
25%
26
26 Va
26%
25 %
25%
*25%
26%
*24%
25%
*24%
5
>
21 Va
21'/a
21
*95%
95
*12%
96%
13'A
;
12%
12%
12%
12%
12%
12%
*12'A
12%
*32%
34%
*32%
34%
*32%
34%
*32%
34%
*33
35
.12%
12%
39%
.39%
*i7Va
17%
7
6%
7
4
>
15%
1,200
62%
3,300
400
3,600
42%
104
600
16
100
9,300
2%
2,200
2,300
7
18%
•
20%
21%
21
21%
21
21%
*21
96
96
96 Va
96%
*96'
96%
*96
96%
'
12%
A
'
12%
12%
v
13
12%
39 3A
39%
39%
39'A A 39%
17%
17Va
17%
*17Va -17 %
142
142
-100
*64
72
1
36
36
35%
35%
13%
13%
13%
11
10%
11
*140%
*64
140
142
140 %
*64
35%
13%
13 %
10%
,
72
*34%
72
11
A'
*138%
*64
140
-
70
35
34
*13 Va
13%
*12%
34
'
12%
12%.
40
17%
17%
138'/a
138%
*64
70
34 Va
13%
10%
11 Va
*64
600
'AA'.
2,600
4,000
900
40
70
33%
*
34
13 y4
13%
600
10 7A
34%
*13Va
^
80
v
100
12%
39%
4,300
A
34
39%
12%
39'A
17% .17%
*138% 140
2,100
25%
'
17V's
1,100
102
95»/->
100
*13 Va
*6%
100
-.A:
:
112
21%
12%
;
2%
2%
2%
6%
4,700
'A"
21% :>:.
39%
A
2%
2%
2%
2%
*12%
1C0
86
15:%
igi/4
A
V
90
*75%
53
V
-/A.
15%
16%
7
76
*82%
85
*82
85
43 %
*16
1,
llVa
29,900
2,900
—
_„3
10%
100
—
;
*94%
95%
*94%
95%
94 %
95%
*94%
95%
18%
18%
18%
18%
18%
18%
18 Va
18%
18 Va
18%
18%
*5'/a
5%
5Va
5%
5%
5'A
5Va
5%
*5Va
5%
5 Va
94%
>91%
94%
*92
'
*
x92
92
10%
92
11
92
94%
*92
94%
93
*95
*93
96%
20
18%
4,200
S
Va
600
93
30
11%
11%
11%
11%'
11%
11 Va
HVa
11%
11%
11%
11%
3,600
No par
i_25
*46%
47
47
47
46%
46%
46
46
45%
45%
'45%
45%
700
65%
66
t
K'-h.
64
64%
9,300
18%
19
18%
18%
18%
10,100
71% Jan
7'
Gulf
4
Gulf States Utilities Co_„No
pai
iA
72%
30%
'
]
'
'-■://
119%
24%
'
(The)
600
1,400
79
;*76
No par
^
AA
24%
24%
101
19%
19%
l
119%
24%
120
21%
101
900
Y
..
3
18%
5 'a
1,200
15%
-
*121%
5%
25,400
23%
A ■'■*2%
A 12'/a
123
*100V4
21%
*21
20 Va
101
24%
>18
12
fl3'a
for
Shares
share
*99%
2%
com—No par
Sales
the Week
Mar. 18
Mar. 17
$ per share
A
com
400
99
*96
97'A
9
*126%
98%
137%
A
47%
98%
100
Monday
share
■
8%
47
>20
36%
42
97
96%
3,400
137%
137%
41%
Mar. I I
per
*136
*126%
1263(4 126%
100
%
8%
9
47%
■&,
19
137%
X37
42 Va
x9
19
19
<l36Vz
38
*19%
100
.1
preferred
Corp
8%
*70%
42
9%
500
71%
37%
47%
100
"f
28%
8%
38%
97
1,800
10'A
10 Va
*27%
42%
*100%
par
-19 % Mar
Oil
*136%
A- 137%
*
*70%
9
19%
19
19
137
10'A
71%
38 Va
1
—
Co Inc
preferred
28
41%
43
Aircraft Corp.
10
Guantanamo Sugar common
1
$5 conv preferred..^
No par
Gulf Mobile At Ohio RR com_No
par
$5
,71%
28 3A
10%
162
*160
160 »/a
*10
700
103%
10 Va
10'A
10'/a
xl60
101/4
10'A
10%
38%
*103%
Grumman
3
163
163
43%
43%
*102
—10
Common
2
Jan
10%
*10%
10 'A
163
150
106
*105 %
44%
A 103
*102
GOO
<
28%
A 8%
;
70%
103
A
106
*43%
45
44'A
*102
42%
63 %
Greenfield Tap At Die Corp—No par
12%
L)
10%
.
.
45
103
42
5
Bay At Western RR
(H
105%
:
No par
pfd
preferred
Green
85
see
conv
•
*161%
10%
*28
19
*100%
Co common—
Greyhound Corp
9
footnotes
19
No par
City Steel
(W T)
45
10%
9
9
28%
105%
*102
163
10%
72
Y
'
161 Va
10%
.
A':i
103%
10%
*
163
9
45
45
*102
10%
25%
10
Gt Northern Iron Ore Prop—No
par
Gt Northern Ry 6% pfd
No par
44
For
*105%
.
if:
76
Co (The)
preferred
Grayson-Roblnson
Green
40%
90%
*105'A
No par
com
—
Great-Western Sugar
Jan
77
105%
No par
3%%
$2.25
7
Jun
Union
Grant
A
Mar 18
15% May
Feb
5 % Mar
24% Jan
23%
>
xl05%
76
Granby Consol M S & P
7
97
5
13
32
Mar 12
50"% May
.
Feb
16
105 %
No par
Hosiery
Graham-Paige Motors—;
19
Mar
6,200
15%
:
com
Gotham
23
7
Inc__
(B F)
preferred
5% Feb
9 % Mar
147A
l20Va
A
1
preferred
2% Feb
99
1,700
14%
51/4
-
No par
Goodyear Tire At Rub
5
3% Jan
$5
5,800
14%
-
*121%
Telegraph Co——100
Goodrich Co
26
5
19
•
50
Goodall-Sanford
100
800
5% :
14%
15 %
;
17%
15
» 5%
14%
*81%
& Stock
*17%
17%
xl4%
—5
—No par
14
14%
No par
No par
com
common
A
14
*17%
14%
;
5%-
5%
AA.5%
5%
5%
*29'A
.
5%
'
'
5
—
preference
Gold
17
17%
*23%
>
100
12
Feb
13% Jan
com
21
63% Mar 14
9
-No par
conv
16% Jan
31
141/4
17%
*
10c
(The) com
preferred—
Goebel Brewing Co
4V2%
Oct
Nov
*14
17 y*
14%
106 Y
2%
13 %
No par
Glidden Co
Apr
Nov
14%
16%
38%
14%
59%
—5
preferred
18
89
*13%
17%
>38
>13%
14%
*124
1
Safety Razor
conv
$4.50
Mar 17
6% Feb
116
8
Corp
preferred
15% Aug
23 0
14%
100
300
9%
«o r-
38%
1)%
$
_100
Glmbel Brothers
31
Jan
8%
Feb
Jun
5%
Dec
5%
23%
7
23
Oct
6%
*38
28
10c
preferred
100
Georgia-Pac Plywood & Lumb Co_l
7
Feb
122
Dec
2%
4Vi%
Mar
55% July
Mar
38'/a
9
9
*38
9 Va
2,700
17
*16%
19%
9 Va
3%%
14"% Mar
28
9Vi
38%'
9 Va
6 Va
6
G
16%
23
15%
General
3
29
Feb
*9
*38''
9 Va
500
7
*6%
6%
A6
*16%
20
par
Gen Tire At Rubber Co
82
Nov
No
4
May
19%
4
12% Feb
1
5
25
48%
113
25
Equip Corp
preferred
19
6%
16%
28%
*96%
par
Castings $6 pfd—No par
Telephone Corp
20
Gen Time Instr Corp com
No par
4%% preferred—
——100
39% May
96% Jun
85%
Co_
6%
•
'
6%
*16%
5%
A *47
Gen Steel
;
6%
6%
>
17
38'A
""
10
General Shoe Corp
10
20
Dec
A Dec
'
6%
6%
6 Va
*16%
*75%
77
20
*136%
No par AAs
Gen Realty At Utilities
General Refractories^
11
122
25
Dec
17
<
Par
.
Public Service.—
6%
7
22% Jan
18%
87
6
114% Feb
76
27%
7
130
Saturday
Gen Railway Signal com
Jan
77
Mar. 12
Cement
7
5% Mar 17
*75%
28%
*97%
Advertising—__No
Gen Precision
123
77
20 V*
*126%
com
13% Mar 11
10
1,700
28%,
*28
—__No par
Utilities
18%
19
A-
20
100
'Y-
8
Public
12%
19
28%
1
series
Portland
12%
18%
LOW AND HIGH SALE
preferred
Outdoor
12%
18%
20%
—100
3% Jan
24
23% Jan
29% May
30% May
Dec
Feb
4% Feb
Jan
Feb
22%
6% A
6%
900
12%
19
*75%
19%
6%
300
12%
*12%
12%
77
17
1,600
44%
44%
44
*43
43
43
43
43
30
300
9
29%
STOCK
Corp
10%
*8%
20%
*70%
No par
;
$3.75
24%
10%
8%
29
'■'■A.
No par
16% Mar
121% Mar 16
6% May
30% Jun
110%
98%
25
2% Feb
29
Feb
21%
Preferred
*23%
10%
8%
20%
*10%
No par
Aa';;-. AY/Y;
Motors
$5
;.
4
128%
Sep
4% Mar
General
26
13% Jan
Jun
2
100 % Jan
15%
Feb
Dec
62% Feb
125% Jan 17
18% May
4% May
Nov
10%
Nov
,66
^
24%
*10
9
39
6
10
—No par
com
YORK
*23%
10%
*8%
30 -w/v
EXCHANGE
$ per share
25
Oct
-
NEW
,
Highest
24%
*10%
8%
20%
*161%
No par
preferred
conv
*23%
10%
"
preferred
8% %
23%
*12%.
STOCKS
Year 1948
$ per
5
50
$3.50 preferred
Bange for Previous
Lowest
Corp
8,500
105 %
No par
Electric Co_
General
150
26
14%
100
General
91
25%
31
45%
General Mills common
Oct
6-
90%
26%
17%
A' 103%
General Instrument Corp
25
Jun
Jan
90%
24%
*13%
-
180
90%
20%
6
45
com
7,000
83
*30
*102
preferred
23%
83
9 Va
*20V«
100
40
7%
23%
83
9%
91
19%
*9
'
:
17%
■
5
com
500
23%
83
5%
•
50
2nd preferred
3
.
14%
17%
9'A
23 Va
9
*38
9%
39
*13%
5
25
Dec
*9%
*9 Va
23%
84 Va
23%
24%
75
6Va
*16 Va
6
5,900
91
19%
6%
Va
16%
*38
No par
39% Jan
3
■:
A?7Y Ay
100
1'9 %
19%
19%
24
75
19%
19%
91
87/8
12%
*74
,13%
24%
*10
43%
12%
19%
6 Va
'
*42%
75
•
16%
1
com
common
35% Feb
Feb
24
*23%
1,700
4,900
•
14%
14%
*13
13%
' •
20%
*83
84%
2S
25 Va
14%
i.
24
91
25%
—No par
Jun
53
90%
24%
25
'"V*- -;
25%
*100
600
2,000
23%
90%
25%
19%
_100
General Cable Corp.
4%
1st preferred
79% Jan 20
•
*90%
*74
5
Transportation
May
Feb
97
Jan
*83
1
preferred—--—
139
Feb
118%
10
84'%
••
9
9%
24%,'
84%
*90%
I_No par
Co
9 Va
23%
23%
85%
A 25
__No par
19
13%
Feb
28
I
Inc
9%
23%
9%
24%
8%
50
Jan
96
Mar
40%
133
11
Feb
*9
9%
■
X20
,13%
13%
•!'
1(1%
.•
21%
21%
1
24%
*•
:
14%
*i3
2,300
26%.
26%,
14%,
13%
*84%
■
26%
14%
A>
21%
21%
8%
Co_
Baking
General
Feb
V
26%
14%
*13
1,100
48%
107%
67
100%
100
100
67
48%
*106%
26'A
26
27
14%
13%
10%
com
59
%
100
100
*26%,
8%
preferred
July
'
•21%
*99%
14%
10%
.'
107%,
*106
100
14%
8%
General Bronze Corp
15
29%
106 Va
*26%
*6%
(The)_!
Amer
General
19
21
44% July
60
106%
10%
$4.25 pfd series A__
82
xl2.
48%,
*23%
$4.50 preferred
11
Nov
1'
67
48%
27
21%
American Investors com__i
General
8
Jan
72% Sep
29
66 Va
48 Va
25
com
Industries
conv
28%
'
66
48 %
100
*13
Gaylord Container Corp_—L66%
1
46%. Jan
106
Co
Wood
4% %
7
105% Mar
15
July
18
66
48%
,__1
preferredj—
3
11%
015
66%
48%
106%
14-%
._20
6% Feb
102% Feb
60
66%
*98%
;
(Robert)
17% Feb
159 %
Nov
(The)
Inc
Gamble-Skogmo Inc
12
13% Jan
May
500
49%
__No par
preferred
15% Jan
Apr
9
6%
3
Feb
9% Mar
Gair Co
18
8%
146
1
300
15'A
66%
12%
Gabriel Co
>18% Feb
53% May
106
17%
■; i5%-
49%
44
25,
Jan
15%
66
*42%
16% Feb
100%
*15%
66%
*12%
27% Jan.
*
15 v»
49%*
10
9% Jan. 10
,
3
prior preferred—
Freeport Sulphur Co__
Feb•17
-
Steel
5% Jan
Jun
26% May
18 V* May
99% Mar
3
.
38% Jan
9% May
45
Jan
7
15%.
15
*26%
1
6
6
15
25'/4
97
1.7%
15
Froedtert Grain At Malting Co Inc_l
Fruehauf Trailer Co Common—-1
> 4% preferred
100
10
16% Mar
23 %
A
,16% Dec
..11% Feb
42
Mar 18
10% May
NOV
27%
21'
25
;
15
26 V4...
10
6%
12% Mar 17
Feb
17%
25%
Pcrwer Corp
Francisco Sugar Co__—
Franklin Stores Corp
20"% Jan 12
2
78% Feb
10% May
Jan
12
5%
11
19
75
*17%,
26%
Machinery At Chem Corp__10
3%% conv pfd
_100
3% %- preferred
t—-_100
Foster-Wheeler Corp common
10
11
9% Jan
44%
17%,:
26
Corp
3
11% Jan
25
48% Aug
17% July
16%
25% Feb
26
11% Jan
20
Dec
12%
24
25
11
1,700
3;700
15
23%
Food
26% Mar 17
i 18% Feb
Aug
Dec
%
Jan
11
Feb
400
4%
96%
*17%,
26%
Food Fair Stores Inc_
8
Jun
■
16%
t
17%
26%
11
Jan
Jun
90:
36'A
4'A
<
■
17%
25%
8% Feb
14%
17%
■j.
9%
1
*17%
*
No par
No par
Follansbee
19% Feb
98%
15%
7
Dec
25%
98%
15%
24% Jan
92%
25%
"
100
,*35%
>16'A
99
58
25
38% May
25% Jan
25%
15% :
18% Feb
-
41,700
6,400
11%
Va
*98'A
59%.:
Jan
12% May
600
1%
-A, 11 %•
99
15 Va.
40%
120
14%
4%.
58%
9
12%
26 y.
*98%
26
15%,
13% Mar
82% Nov
24% Dec
-
26 Va
99%
17%
*
*65%
—7%
Florshelm Shoe class A——N6
par
47%
25 %
4%
26'A
*98%!
59%
14% Mar 14
93%
4%
%?
99
26%
r-
15%
28
105
'4%
4%
2,400
25%
1%
16%
4%
*59%
3
Dec
36
*16%
4%
16
14
Dec
*35%
16%
•'
60
12% Jan
119
4%
36 Va
16%
16%
A
*15%.
25% Mar 18
,
21
v; 25%
1%
11%
*35%
36%
16%
1%
11%
*59%
13% Jan
9% Mar
A
36%
16%
*
No par
Fllntkote Co (The) coftimon—No par
Jan
9
37
*16%
4%
1%
11%
1%-
No par
21%
79
; •
*36
16%
<.4%
Carpet Co—
36% May
15% Jun
27
,
37
116%
1%
11%
11%
*106%
Dec
38
1%
11%
49%
Dec
22
1%
11%
700
39%
20 Va
-
25%
*24%
25
Dec
Dec
1%
11%
*36
1
13
22%
1%
11%
*17
26
-
20
*39%
39%
19%
19%25%
'
—5
First National' Storesi—
15% Feb
42%
19%
*24%
100
20%. Aug
xl04
39%
40%
39%
40%
1%
99
4%%-preferred
•
••
40%
111%
*26
com
>
.12%
.
25
5
:
Firestone Tire At Rubber
96
•
19%
25
Fidelity Phen Fire Ins N: Y.—_10
28%
.
19%
25
40%
"
j
24
107% Mar 17-
Feb
14%
19%
25
',1
•
49% Mar
19%
100
com
—_
Tarrant MTg Ca._:
Ferro Enamel Corp
67-% Feb- 15-
Jun
107%
Nov
40%
25
No par
Felt &
5
<
Motor Truck——.
Federated
14% Feb
53
.
40%
19%
Parnsworth
7
14% Jan- 8
9
-
31% May
.
40%1(119%'
*24%
20
—j
Brewing -Corp—
35% Jan, 1 3
11% Mar
.
103%
:
Jun
Oct
;
43
1
Feb
19%
Palrbanks
7
,
24-% Jan- 10
20 % May
•
4
Dec
90
•!.
•A 25% Mar 18
12% May
Feb
•
V41-% Jan
28>
v23%'FebO-15
1% Mar 18:
Televis'n & Rad Corp—1
Fedders-Qulgan Corp———1
Federal- Mining At Smelting Co____2
Federal-Mogul Corp i
i.
5
,16
Mar
16
Jun
•
Feb
■
-,19 A Feb
Oct
NOV
11%
•
NOV
36% Feb :v 8
Jun
33%
28%
•
Apr
A 11
54%
•
Nov
'
f
1
11%
■b
18%
-%
18%
65 Va
'.
•
66 %
t
18%
18%
18%
•
%
18%
18%
i-
22
(1238)
THE. COMMERCIAL. &
Range for Previous
Range Since Jan. 1
NEW
YOKitv
$ per share
Highest
$ per share
I r
Saturday
EXCHANGE
S per share
Par
■
$ per share
15 V2
Nov
12V4
Dec
12%
35%
22 Vi
Dec
79
Mar
89
Xl01%
Feb
107
1
21%
Feb
4
11
33
Feb
15
Oil
Hall
12% Jan
7
Hamilton Watch Co
73
Jan
24
105
Feb
1
106% Feb
2
Jun
21
Feb
23
23% Jan
13
81
Jan ,' 6
Harbison-Walk
Jan
61
Jan-
5
6%
66 y2 Mar 18
Jun
Feb
11
Jun
6% Feb
25
8% Mar 14
91/4 Jan
7
Jan
19 y2 Feb
3
22% Mar 14
•20 y4 Jan
13
231/4 Feb
4
91% Feb
24
7
Jun
84
Jan
17
Dec
42
Jan4
30
Jan
3
95%
Jan
103
98 y4 Jan
14
Vi July
May
24%
35% Feb
100% Mar
NOV
23 y» Jan
34%
Dec
35%
Oct
34% Jan
6
13%
22 y4
May
13 Va Jan
4
14
57V4
Apr
Dec
Dec
128 y2
41% Feb 11
Feb
30%
Oct
Mar
4
Apr
122% Feb
3%%
Helme
28;
21
Nov
27%
Feb
15
Jan
18% Feb
9
21% Jan
7
Oct
86V2
Jun
79% Jan
3
83
Dec
14%
Jan
8% Feb
23
37
Dec
Feb
Dec
15 Vi
29%
30%
Dec
Nov
24%
11
Dec
27
32
Feb
14% Jan
11
22
2
24% Jan
7
Mar
9% Feb
28
18 Va Mar
Dec
Holland
18
7
32% Jan
15
6
Jan
28% Jan
Jun
86% Jan..
Oct
6'
43% Mar 10
48%. Jan
19 '
38%
Jun
29% Feb
7
35% Jan
12
17
15>
20
Dec
23
Jun
14 y8 Feb
33
Jan
47
Jun
3%
8%
Sep
Sep
14% May
34%
Jan
50
Nov
12%
Dec
22%
Jun
10%
8ya
Dec
2
19
Dec
12%
Dec
9
Ap.r
May
5
Sep
57/b Mar 16
14%
Feb
26
8% Feb
28
2
Feb
11
11% Feb
Jun
7
$ per share
30 Ve
Apr
35%
200
19 y2
300
*82 y*
82%
82%
82%
82%
*82
82%
*82
82%
13%
Co_„
5
23
23
9%
5
35
Jan
7
30% Jan
7
84
Jan
96
Jan
4
96
Jan
20% Feb
25
24%
Jan
97% May
37% July
26 V4 Aug
9%
30
Feb
20%
May
12%
Nov
Jun
25% Jan
>*•':
9
Feb
4
24
18%
*18%
24%
*24%
com
Corp*
preferred-—
YORK
Idaho
non.-cum
RR
stock
ctfs
Industria
Electrica
7
Industrial
Rayon
67
3
Ingersoll-Rand
De
Mex,
3
41% Jan
8
Inland Steel Co
18% Jan
8
6%. preferred
Jan
3
8% Feb
16
14
15 V2 Jan
26
92 Va Jan
25
Jun
23% Feb
Jun
164% Jan,
156
Dec
xl 45% Jan
73% Jan
Dec
93
17
3% Mar
5 %
May
3% Feb
34%
Oct
27% Feb
24
139% July
64% Jun
137% Jan
3
42% Mar
86
Feb
5%
65
Dec
4% Jan
10
7
143
107%
53 V4 Jan
98
6
Jan
6
8
4%
61%
60%
*156
17
18% Feb
Jun
24
Jan
3
29
Feb
1
25
Mar
3
32
Jan
21
Jan
6
148
Feb
Jan
145
Dec
4%
18
146
10
3% Mar
May
4
5% Jan
8.
38%
38%
37%.
38%
21 Vi
37 %
37%
37%
5,700
•15%
15%
15%
15%
15%
15%
15 VB
15y»
8%
2.400
8%
15%
8%
13%
13%
14
1,400
*
1%
*1%
1%
*1%
1%
700
12%
12%
12 %
12%
12%
4,100
*151
154
152
24%
168
*8ova
28%
83
*4%
25
common
7% preferred
25
International Telep & Teleg—Nq par
share
ctfs
Stores
Interstate
Dept
Intertype Corp
Nopar
No par
No par
Island Creek Coal common
preferred
Co
*
68'%
53
34
*32%
34
145
Jan
158
104-
159% Feb
Jun
159% Feb
21
39%
29% Mar
Oct
28 Va Feb
24
Mar 17.,
21
33y4rJan-
7
3
83%
Feb
93 %
Apr
81% Mar 18
86
30%
Nov
43 Va
Jun
36
40% Mar 16
Feb
7
Joliet & Chicago RR
stamped
100
Jones & Laughlin Steel com—No
par
Jan
5%
Joy
preferred series A^
Manufacturing
,_^_100
Co—
1
*32%
33 V2
•-■' 9V4,
:
-
19 y4
25%
.*18%
25%
25%
25%
145
25%
25 Vi
25%
148
4%
37%
37%
*108%, 110
19
19
19%
*18%
25%
25%
25%
25%
*?5%
25
25
25
25%
25 VH
*1<*J
liJ
*ltj
4
*82%
467/a
37%
*109 %
*103
160
14
14%
83
99%
*153
4
4
*13%
104
*153
."
,
26
*103
39%
.
26
33
*33'/2
46%
99%
*99%
*19
19
n
140
*1<*J
*37/«
4
*13%.
14
*45%
46%
*45%
99%
99%
99%
100
46%
*99%
21 Ve
37 VB
37%
37%
37%
110%
*1091/2
110%
*109%
33%
33%
33%
83
104
160
*153
160
*153
28%
29%
83%
32
821%.
39%
39
40
*81%:
39%
i
*153
160
28%
-
104
28% ?
•
:
1,200
3%
1,909
100
14%
40
83
360
46%
160
100
37%
109%
100
33%
1.1C0
33
*103%
6,700
10
105
*153
:
104
160
28%
2.700
■
37%
33%
•
200
19 V2
109%
ll0'/2
33%
*103 •■■•'• 104
82 Vt
'
33%
29%
3%
*13%
46%
46%
104
39i/4
■i
84 Va
*103
39%
3%
14%
*83
84
700
145
*143
*13 y2.
84
21 Vz
34
82%
•3%
4
14%
84
100
*143
#lliqi..
38
110%
29
29 3'a
"
.
25
19
*25»/4
33
29%
12,800
9%
26,
*4
400
9%"
9%
20
,
25%
*82
3<i
200
9 %
7
15.
*3°
53%
9%
23
Feb
32%
100
401
53%
9%
40 V2 Jan
102
53 >/2
260
i
42%
*9"/B
110% Feb
May
*52%
68
59
9%
27
106
53%
*
42%
.
9%
26
Dec
L
52 '/b
68
*58
59%
42%
32%.
*
.42%
9%
36Va.Feb
99
69 V*
42%
*9%
99%'
—No par
*58
42%.
1,000
6%
9%
*98%
3'V2 % preferred
.—100
Johnson & Johnson common-—12 y2
4% 2nd preferred series A
^.100
68%
69%,
59%
*6%
6%
1C0
100
9%
_ioo
Johns Manville Corp com
*68
,
7,800
49%
49
*98
9%
17,
7
6%
6% >
28%,.
139 %
U;
95V2.Jan
Jan
50 '/a
99 V2
*97%
1,100
13,800
4
138%
9%
May
36.
49'/2
49%
100
*
9%
*46
Jan
139%
9%
46%
3iy4 Jam 28
'133%
28 Va
9%
*45%
108
139%
4
4%
28%
9%
Jewel Tea Co Inc
Oct
v
53%
1
Jun
28%
28 V*
9%
9%
*19
*52%
*32%
*4
*58
68%,.
54
47
Jun
68%
691%
54
Jan 24
35
6 Vi
6 '/2
42%
44
113%
6%
*
59
May
Feb
48%
*97%
*42
83
Feb
50 V4
98 V4
*57
14'/4
Sep
49%
58
84 v2
20%
83
43
*82%
100 y2
*80 Va
58
*13%
—
83
*42
No par
preferred—.
*8oya
6
6 ya.
4
*97%
6%
pfd—100
—1—No par
3%.%.
83
4
*138%
Jersey Cent Pwr & Lt 4%
Mar 18,
*80 Va
28%
2
100
83
4%
4
139%
24
99
2,700
28 Va
18% Jan
42 y4
25%
'138%
85 "v Mar
Oct
3,200
*24%
28%
Jan
com
*80 Va
50%
34
,
*143
1
>
5%
25
139%
13% Mar 11
Jaeger Machine Co
5%
24%
43
.9%
1
6
25
5%
28%
98
470
167
167
x24%
6
*138%
98
1.000
14,300
24%
24
25
168%
25%
28 V8
6%
26
__
24%
166%
154
*152
153
25
168
4%
50%
153
152
24%
167%
6
83
150%
25 Va
166%
25
98
*32%
50c
4%
151
24%
166%
25%
50%
*52%
:
150 V*
25
167%
6Vb
*80 Va
28%
139
69%
Salt——
Shoe
6
25%
4%
*138%
152
24%
166%
81.,
89%
90
90%
*1%
Jun
33%
90 y2
91
l.fcOJ
12%
Jan
Mar
*89%.
*13%
1%
23 V2
48
V
8%
.
12 v2
92!/2
39%
8%
8%
1 %
•60%
L)
y2
12%
*42
(F
8
1%
*58%
Jacobs
39 %
15%
Dec
3
10
163
*158
163
100
38%
Y
,'Y
79% -Dec
Feb
1,200
12%
*68%
Foreign
;
601/4
1%
No par
$6
*158
160
60'/4
12%
_
2
137%
20% Jan 20
160
160
4.801
7%
1%
No par
International Silver
39% May
*156
60 %
36
*7%
12%
*6%
13
26% May
160
5,900
25'/4
25%
35'%
60 Vi
.
1%
Int'l Rys of Cent Amer com—No par
5% preferred——J—
1100
57% Jan
35 y4
*156
800
12%
50%
10
Nov
160
35%
.
141
10,500
9%
25%
*7%
7%
.
7%
35%
25 %
60%
*95%
49% Feb
22% Mar
25%
7%
7%
9%
29%
9%
29%
9%
22%
29 Va
22%
29
60%
15
International
29
25%
22 Vi
9%
60%
'
*22
221/a
28%
25%
•
60 Vt
No par
International
17% Mar
25%
9%
61%
Co com
Paper
9
28
25%
*7%
80
*9%
29
9%
25%
25%
*78
22%
23 Va
28%'
9%
61%
_100
$4 preferred
31
23 VB
29%
9%
8,100
98
28%
24
28%
36
preferred
27
Jan 27
*23
*•:
9%
35%,
International
17
34
23%
29%
2,200
*95
80
*78
6%
Jan
10% Jan
10% Jan
80
25%
Feb
3.
*78
6%
Feb
4
80
24%
44
3
*78
Int'l Hydro-Electric Sys class A—25
Int'l Minerals & Chemical com
5
61
Jan
80
24%
71
8% Jan
*78,
*166%
3
8% Jan
80
33
25%
98
*95
100
4
32
98
Shares
32%
25%
*95
for
the Week
share
25'/a
33
25%-
25 y4
98
36 Vi
;J.
31
Jun
33
34%
*95
35
No par
common
Jan
Mar
25
25%
$ per
No par
Machine
preferred
Jan
V2 Jun
34 %
34%
98
90
41
35
25 Va
*95
Sales
Friday
Mar. 18
$ per share
$ per share
90
66% Jan
16V2
34 V2
2
Mar. 17
90
57
16
Mar. 16
90
Jan
Nov
26 VB
9%
11%
Thursday
Wednesday
Mar. 15
$ per share
34%
25%
9%
2%
12%
SALE PRICES
Tuesday
;
$ per share
34%
HIGH
:
*11%
89%
Jan
Nov
300
12%
9%
*2'/B
9%
2%
12
89%
Jun
Mar
2,100
2 Va
91
45
8%
1,400
2 Va
11%
*9%
12
3,000
13,1C0
No par
64
8%
10%
2%
"12:
*89%
Rubber
Jan
30
"9%
2 Va
2%
Monday
34%
25 %
100
Iron
Nov
65% July
11%
8%
39%
Mar
11%
13%
52%
43
11%
98
Nopar
1%
Mar 14
7% Feb
11 VB
7%
International
7
5
11%
•
36%
7
Feb
Jan
11
*7%
8
45
11%
36%
Feb
94
:.
7%
Mining Corp
1
Int'l Nickel, of Canada com—No par
Preferred
—_1Q0
May
14
4%%
81% Mar 11
31 % Jan
July
99
Dec
;
26;
10
39
8%
Harvester
24% Mar
135;
Jan
*9VB
39
11
Mar. 14
26%
900
10
39
9%
/•••
9%
12%
9,600
'»•
*9%
38%
13%
Business
8
2%
*12?:'-'
6%
6
6
9%
<
8%
Int'l
24
9%
2%
12%
100
1,500
..
39 VB
9%
•
14%
Int'l
Jan
10 Vi
'
39%
9%
.
14
7
29
11%
6
14%
39%
38%
.
14%,
25
24
11 V»
6
5%
6%.
4,300
*14%
14%40 ya
39 VB
9%
39
14%
20
Jun
71
5% Feb
11%
V-
6
39%
10
14%
28 Va Jan
24% Mar 10
6%
9%
*14%
170% Jan
7yaJan
Jun
6
39j/8
Corp common
5
preferred—100
3,
Jun
39%
8%
25.
9%
*14'%
39%
36%
—No par
Intercontinental
38%
14%
39%
*8%
Interlake
Feb
*14%
41
_•.!
8
Nov
14%
40%
15%
7
5 Vb
*14%
39%
2% Jan
23%
14%
14%,
*40'*8
15%
13% Jan
Jan
31%
4l%
140
3,100
>,
44%
31%
39 %
2
162
44%,
31%
20
11
5
44 y4
31%
29
Interchemlcal
174%
44%-
31%
*7%
Insuranshares Ctfs Inc
13% Feb
x34V4
44%
x30%
*36%
—
23% May
Feb
.44%
32
1
Inspiration Consol Copper
Oct
44
31%
No par
11
Dec
44
*23
No par
_
Jan
26 y2
44%
6%
*9%
1.600
31%
94%
32%
26%
S A
31%,
94%:
32%.
*95
i
31 %
'500
:
31%
95
31%
*94
2,400
11%
11%
*31
31%
70
107
*106
11%
*43%
34%
.
5
15% Mar 18
125%
2,100
44%
$ per share
A—-^,— 1000
36% Jan
47%
160
95
10^^
2V8
—20
common
21% May
8% May
11
31%
94V2
LOW AND
_
34% Mar
Feb
31%
95 %
*9%
ser A—100
Indianapolis Power & Light
15Va
1% Mar
31%
Mar. 12
series
10
86% Jan
31%
*94%
Saturday
Co ——it-No par
Power
8% Jan
12
27%
107
11%
*30%
95%
39%
*12
common-100
*106
11%
31
31%
r
pfd
11%
*31
94%
11
6/66%
107
*106
31%
V
38 ya
No par
Illinois Terminal RR Co
60% Mar 14
3% May
32
*78
Jun
16% May
11%
*31%
*10%,
par
STOCK
conv
76%
Dec
3,o00
32%
•
6%
4100
*
95%
44%
Nc par
Co—
Power
6%
Nov
Feb
31%'
32%
1
58V2
1%
Va
11%
41% Jan
11%
8C0
38
31%
4
Jan
25%
106'%
Illinois Central RR Co
Mar 16
25%
31%
106%
11%
32
30J
25
106%
11%
32
50
200
18%
*18
18%
.V 11%
4
103
24%
11%
14
Dec
*18%
107'/a
7% Feb
86
18%
24%
108%
33% Mar
8
18%
24 ya
*i07ya
No par
com__
preferred—
21% Jan
Dec
19
24%
.
27%
Jun
Feb
10
27%
Jun
6%
*9%
-
38 V4
Jan
13
10'
38%
Illinois
160
*9%
27%
15%
155
10
*9%
.
27%
56
Jun
9%
38
25 Va
Nov
9%
10*
27%
Dec
160
*9%
37%
Nov
Feb
9%
27%
7%
Feb
2,100
38
38 y8
150
23%
27%
21
29% Mar 17
Jan
23
37%
10 Va Jan
25% Mar 14
23%
18%
Par
28 Va Jan
7
23%:
*24%
4
Sep
23%
27%
Hiylson Bay Min & Sm Ltd!_No
.
X23%
18%
Hudson & Manhattan common—100
7
'23%
38%
$ per share
2
4O0
23%
23%
24%
EXCHANGE
24
95
'23%
,
27%-
NEW
28
14 ya
37%
Highest
77% Mar
13%
27%
Hussman Refrigerator Co..
22% Feb
13%
18%
Hupp Corp
32% Jan
31%
*13%.
38%
7
Jun
July
31V4
13%
*2414
Co
6
90
32
*13%
27%
non-cum
300
31
>31
*30%
13%
■
*38'/*
conv
1,400
9 %
*8%
5
Electrochemical
7
42% July
Feb
9
83%
*83
9
31%
31%
10
11% Jan*
62%
9
9
*13%
30
Hudson Motor Cai'—i
Hunt Foods Inc—
27 y2 Mar
'
9
'
7
$ per share
*82
9
9
14%
Lowest
$ per share
19%
19%
38 y8
Range Since Jan. 1
Highest
*19V4
19%
14
STOCKS
Year 1948
19%
*19%
31%
Mining
Range for Previous
Lowest
*19%
19%
41%
Jan
80
19%
41%
2% Jan
1,000
120%
19%
*14%
14
120%
*19'%
—5
5%
50
28
27%
27%
121
19%
*30%
14ya. Jan
■
125
*123
124
27V4
121
19%
—1
T.
124
27%
121-
120%
4,000
43 V4
19%
*13%
Howe Sound CO:—L—_
3
43 %■
*i9ya
Howard- Stores
5
43'%
19%
31%
8y»Jan
42%
900
14
:
19%
*94%
11% Mar.
25
14
125
*27
27%,
120 ya
14%:
43%
125
125
*26%
120 ya
60
37%
*37
14
19%
No par
47%. Jan
91/4 Mar 14
37% Feb
*123%
700
25%
25%
37%
14
42%
27'%
30
*i9ya
3%% preferred —S*—
—100
Houston Light & Power*.:——No'par
Houston Oil of Texas vt c
25
Jan
124%
100%
*99%
25%
25 Va
*37
200
19%
Household Finance
46% Jan 20 ;
14 y8
J4
*
10
35 V4
19%
95
39% Feb 25
37%
xl4
300
91%
19%
31%' Mar 12
y2 Mar 14
13%
120%
*120
25%
37%
37 ya
1,900
*35
12.50
$2.25
49
124%
V *26%
25%.
25%,
37
2,700
*90
*99%. 100%
100%
%
22%
pfd series A $4.50 div_No par
2nd
94%
25%
25'/8
,44%
27%
120%
*99%
100 % 100 y4
100%
6
22
*22%
35%
14
44
124%
27 y4
*35
9%
Houdaille-Hershey
34%
*123
*120
*90
35 y2
■37%
14
44
91Va
*35
31%
17
12y4 Jan
11
14
44
*90
9%
107',4 Feb
3
25
Feb
Feb
*13%
91
35
13%
Hooker
Jan
25%
*37
37%
91
35
*30%
13
10% Feb
26
6%
*19ya,
& Sons
(A)
*99%
100%
*37
91%
35
1
Jan
14
35
_10
29
7
20%
*90
35%
1,20 1
8
8
100
.
Co
Homestake
Oct
Mar
91%
y2
110
21%
22 yB
23%
91%
Thel_«_
E)
Furnace
Hollander
Nov
81:
38
(C
10
;
30
Jan
*90
*34%
*99%
*25%
5
39% Feb
102
/18% Jun
*2?
600
1
Holly Sugar Corp
5% conv preferred!—
26% Feb
22%
;
4.
300
5%
5
11
Jun
22%
Corp—
21 '
3
23 y4
No par
26% Jan
x
23 Vi
No par
22% Jan
34 %-Jan j
22 %
new—25
com
8
Feb
46 y2
Co
6% '
22%
No par
24 Ve Mar 10
Oct
103
10% Jan
Hires
8
6%
23%
—-10
preferred
preferred-
cum
8
6%
*22%
24%
66 y2
-66%
66"---
8'/4
22
150
*5%
6%
7
50o
21%
*24-
*7%
8V4
22%
,_100
-
common—
Hilton Hotels Corp__.
Hinde & Dauch Paper
11
3
35%
Dec
29%
30% Feb -16
42%
Dec
7
65%
67
*66
67
*7%
'7
7 Va
22 Vb
_25
Motors
Chemical
*66
8%
10
20
"■
,'<
*148,-
5%
200:
76%
105 y2
*21
24
53V
5%
7, 400
12%
*74; Va'
*105
1MT
24
24%
5%
22%
_100
conv
Heyden
3Mj %
18
,
12 y4 Jan
Jun
30
Nov
99
Feb
9% Jan
Jan
29% May
16 y2 May
Feb
25
%;
Jun
■
25%
i
preference
Hewitt-Robins Inc—
26
28% May
$4
5Va
12%.
*11%.,
to".
2,700
12%
5'
:
76 y2
*148-
150
,
*24
24%
*5
67
8%
"7
*148
150
*24
22
Hershey Chocolate
15
\
5V4':
■;
105 «/2
21%
21
22%
22
Jan
*148
.
24%',
21
22
27
122
21 ;:
•
*74Va
*105
1051/2
*105
18 Va-
18
11%.
21%
29% Jan
5
76%
105%
21
loO
*66
71/a
*,a
nos
5%
8%
7
Hercules Powder common——No par
5% preferred
—
100
Nov
Mai-
8 Va
*74%
76 Va
21%
24%,
67
*65%
*74
11%
11%
12
18
12%
21%
18
17
xl8
W)
non-cum
Shares
34%
*33
34%
18
12%
11%
*11%
105 Va
i4d
5%
18%
*12% ;-T3'i
15
preferred
Hercules
for
the Week
$ per share
share
*33
34%
74%
21%
24%
*33
x18Vb
,/V
•13
•
12
'105
150
1
V-".;. *12^4
5
common
(G
7%
7
17%
Jan
Co
(H J) Co common
3.65% preferred
17
Jan;
Glass
Heinz
1
$ per share
18%
18%
"V-UY'';
74 Va
21%
*5
2
1
127% Jan
1
116% Jan
Hecht Co
$ per
Sales
Man 18
Mar. 17
Mar. 1«
34%
*33
19
*11%
105
*23%
—1
Corp
Hazel-Atlas
*148
*—10
46% Jan
15
26% Mar
123 y2 July
Hayes Mfg
"
21%
—100
Marx
Hayes Industries Inc
1
25% Feb
37% Jan
Dec
preferred
Schaffner &
77
105
com—No par
Hart
4
12-
*74
Hat'Corp of Amer class A——1
4%.% preferred
100
Feb
11%
9%
Refrac
19
79
Nov
*11 %
$4.25 pfd__No par
14
149-
liy2
21%
Co
5% Jan
29%
12%
100
(MA)
24% Jan
27
28
No par
3
14
91
9'
com
20
Jan
Jan
78
*12%
4% Jan
Oct
25%
18%
13
20% Jan
148
78
114'
19
Jan
26 y2
41%
34%
13 -I.';-
preferred--
conv
34%
*33
*32
*18%.
5
Cementing
Jun
20%
.
4 %
Hanna
Well
May
Feb
-120%
(W F)
Friday
Thursday
Wednesday
$ per share
$ per share
•
1.."; ••• v'Y Y-
5
Printing Co
4'
11% Mar
Halliburton
7
Jun
8
Feb
22%
-25
7
13% Mar.
Mar
6%
x20
Hackensack Water
19% Jan
3
Jan;.
34 %
Dec
6%
Jan
16% Feb
12
SALE PRICES
.•/
150%
Dec
59
31
Jan
'
27%
146% July
20% Dec
4%
Oct
Sep
ley* May
xl4% May
HIGH
Mar. 15
Man 14
"•
Feb
Monday, March 21, 1949
Tuesday
Monday'
wiar. 12
fH
31
AND
LOW
STOCK
—"*
Lowest
Highest
$ per share
CHRONICLE
STOCKS
Year 15)48
Lowest
FINANCIAL
160
___
29'/4/
-28%
291/4
•
81%
82
V
'38%
39
•■"••
82%>-
82
V
82%
40 y8
39%:
39%
;
.11
8,8^0
• '
•
600
,
.
10,100
T'
K
11%
x89
Dec
21
May
10% Feb
28
12% Jan
8
98
May
94V2 Jan
12:
99% Feb
9'
Dec
100 7/a Feb
Nov
98'/2
23%
.
Dec
101%
Feb
48%
48% Mar
60%
Oct
Jun
Jan
3
xl2% Feb
July
x
Dec
18
Feb
26 y8
15%
Dec
22% July
For
footnotes
52
24
May
13%
20%
1
x34Vi Feb
11
see
page
102
Jan
14
40% Jan
21
56
Kalamazoo Stove & Furniture
Kansas City Power & Lt Co—
3.80%
.
4%
preferred
cum
Kansas
-d.
preferred
24
14% Jan
7
Kayser
21%. Jan
8
Kelsey Hayes Wheel
14% Feb
17% Jan
7
28.
7
4%
non-oum
Class
(Julius)
B
Go__;
conv
*96
*101%
11%
*10%.
*96
/.
11%
♦
ins.,
11%
96%
*101%
101%
*101%
101%'
38 Vi
*10%
96%
96%
101%
97
97
101'
a
21V2
*10%
11 %
11%
*95%
102%
54%
*12%
13 VB
*19
2ftu
300-
15%
500
54%
*53
54
*53
54%
12%
13
*!•>%
13
*19%
12%
t'l
class A_1
*18%
19%
*18%
19%
18%
19
*18%
19%
*19
19%
1
*14%
15%
*15
15 V*
15
15 %
lt>Y2
*15%
15%
*
ID
39%
*54
13
40%
54%
13
•
30
110
3,Rr 1
39%
39%
54%
38%.,
39
54%
40%
54%
,
J
11%
96%
102 %
*53
40
*12%
39
*95%
*102
39
5
No par
*10%
96%
*101%
96%
102
100
com
preferred
&
*10%
—100
City Southern
Jan
25
18%'Mar 11
10
—lIGO
Va
'
*•
-
15%
'
200
6' 0
THE
Number 4787
Volume 169
COMMERCIAL
NEW
Range Since Jan.-li»
Year 14)48
Lowest
Highest
$ per share
$ per
42%
Feb
60%
Oct
25
56% Jan
Nov
51
Apr
39% Feb
8
46 % Jan
Dec?
Oct
11% Feb
25
13% Jan-
7
19
Feb
May
19% Feb
24
22% Jan
92
Oct
104% July
93% Jan
5
11%
Feb?
Feb
14
:?
14%
Jan
37%
Dec
12
Jun
75
Mart, 1 '>
63
29%
Feb
x45
Oct
12
Kennecott
13
Feb
4%
17
66% Feb
Kinney
4
3
5
98
Jan
26
4%
39%
Jun
X35% Feb
16
38% Jan
20
58 Va
July
48% Feb
14
55 % Jan
20
Kress
40%
Nov
49
:Jan
3
48% Jan
43
*
6% May
Feb
47/e
Oct
Dec
4% Jan
24
9% Mar
21
Feb
24
26% Jan
19
37
Jan
4
42% Mar 17
Lee
4
22% Jdn
Lees
35
47
Mar
21%
Dec
90
Dec:
10
Feb-
8'A
Jun
'
2
$3
50c
42% Feb-14
47% Jan
22
May
16%
Feb
Dec
56%
Nov
8% Feb
Jan
"
47-
May
'
Nov
Feb!'24
Feb
Dec
•
58 is
Jun
55%
•
,
Dec
85
46% Jan
22'
8
Feb
74;
Jun
24%
40 i
10
Feb
17'
15
18'?
78:
Jan-
Link
Lion
7
Jan
Belt
Oil
27
Jun
16% Feb5
19% Mar
14 ya Jan v 3
16% Feb-17 *
Loew's
Feb *
63 % Jan
5
67%'Jan
21
Lone
Star
Nov-
30% July
19% Feb
7
23
20
Long
Bell
Jan
Dec
57 %
xl8
18
Feb
138
,
Nov
23
21%
Nov
Dec
50*
Feb
3
21 Va Mar
Jan
28
158 j'; Mar
153
Jun
25
37
20
Jah
19% Jan
Sep
158r
Lockheed
8
5'
7%
27 ? ' Mar 14
Louisville
41%'Jan
11?
Lousvilfe
24
Jan
24 *■
Jan
14
97
Mar * 1
16% Feb
8
35% May
91
Dec
98% July
95
17
Nov
24%
4
21% Feb
Jan
20 V* Mar
4%,%
*12%
13%
*12%
*12%
13%
62%.
62% ; 62%
30 V*
x29%
*62
63
62
62
30%
971/4
30%
30%
x96
97%
97%
97
97
36%
36%
36%
36%:
51
50%
50%
48
47%
48
47%
47%'
6%
6%
6%
20
20:,
20
95%
4%
5%
100
1,400
10%
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10%
700
*43 V*
43%
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43%
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43%
24 '
24 Va
?d
?*%
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24
800
42 '
42
42
42%
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42%
500
19%
19
19'A
19%
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19%
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*93%
95%
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20
*93%
95%
95%
50
10 '
10%
10
10 Va
10%
10%
5,200
40
40
40
40
39%
39%
2,900
4%
2.800
2
7,500
4%
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2'/a-
4»/a
6%
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JA
44%
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45 V'-.
*9%
9%
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9%
22%
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23
23
48%
49
49%-
49%
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44
-
9%-
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8%
8
8%
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300
45%
45%
2,500
9%
r 9%
9%
9%
9%
23%
23%
23%
23 y2
23%
23%
1,600
49%
49%-
49%
49%
49%
49%
3,800
V??: 8
36JA
35%
83 V*
83
83
*172
175
62%
36%
9%'
35%
9 ¥*■*•
62%
45%,:
45%:
16
*15%*
16
78
*73%
78
x8%
62%«
46
19%
15%
16
65%
66
19%
22
i
27
36%
22%
*22
*95
20
20
*26y2
36%
22%
21%
96
*95
20%'
21%
20%
156-
1,600
2,900
15%
1,000
15%
21%20%
*156
'
*73%
18%
15%
21%
20%
*21 y4
66%
1
2,900
22
*155
158
5,900
10,000
1,000
20%
v: 20%
20%
*156
16
*21%
21%,
20%
-
■
19%
! 15%
; 66%
16
66%
78
*73%
; 18%.
19%
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158
'
78
18%
.
,
?
4,900
158
10
27"
27
27
26%
26%
26%
26%
1,100
36%
36 y4
36%
36%
21%
36%
36%.
36%
2,000
96
96
20
20
21%
96
19%
44%
15%.
44%
15%-
20%
64
44%
62%
44%-
67
21%
64
62%
15%
156
29,200
15%
66%
?
200
10
15%
16
20%
37
9%
63
78
100
*35%
44%
'•
800
173
10
15%
15%
158
173
5.100
38
62'A
■
6,400
35%
83
173
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400
8
35%
?V 83
?;
44
66% '67
21%-
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v
,
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9
19%*
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78".
26%
20
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83
173
18%
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16'
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19%
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20%
158
62%
44% ?45%*
! 16
?
9
;;„A 8
36%
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i6y8
15%.
65!/2
20%
62
:■
35%
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.
8%.
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66%
'
*21 y2
8
35%
83
16
*156*?
r
8'/8f
36%
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1,700
45%
36'A'
9%
18%
45%
83 Va
176
2
18%
■<
6%
83
*172'
19
6%
36%,
173?
2
19
6%
83
173.
*4
4%
?'■ 2
6%
36%
,
4
2%
19'A
9%
.
4V'8
2%
19'A
*6%
6%
45%
4
'
2
19%
19%,
*6%:
19%
.'?'
95%
10%
45 VB
*61%
,•
*93%
y4*
40%
' 457/8
*
:-.v
10
6%
36%
46,300
40%
2
172'% 172%
6%
6 %
6y8
10%
19%
8
6%
24%
24 y8
45%
8"
6 «/o
40
'
4%
2'/a
19%
*74%
—10
800
42"
19%
v
& Sons.Inc com__l
48
43%
*41%
26%
Co_—
*47%
10%
*43%
24%
42
? 9%
series
pfd
Steel
47%
*10%
43%
24%
42
*35%
*
47%
10%
*43%
24
42
*35
CDAKy) No par
47%
19 VB
48 %
'
47%
*5%
22%
*
•Y?
18%
43%
83
10
1,200
5 Ve
*9%
*-100
2,800
51
19%
10%
*6Va
par
36%
50%
5%
45%
•
36%
51
*18%
*10'%
*2/
,y
150
36%
50%
•
5%
10%
19%
'
95%
36%
51
96
18%
10%
10
par
*94%
36%
50%
18'A
10%
40
.
*94%
36
?
'•■
19
*41/4
100
120
3,200
*5%
*5%
*18%
94%
13%
*12%
x6
5%
18%
94%
30
6%
*5%
18%
10%
.
5y2
5%
19%
Nashvillfe—36 V2
&
6
13%
30%
95%
36'A
51
39%
__5
290
62%
10 Vs
!
100
99
30%
39 y2
1
700
1,800
62%
51
%.
800
20
19%
31%
*93%
??
•
12%
30%
*19%
1
.—J
13
11,500
42
•62%
50
A——
Lowenstein. (M)
Lukens
7
13
46%
*11%
30%
25
common:
Gas & Elec
*
13%
63
24
*
'
99%
*41
3
com
i„—_>fo
(P); Co
8
23% Jan
Co
?•
5
Cement Corp__L__No par
Lumber?(Md) A__No par
preferred
99'
*43'A
AirpTaftCprplA-A—AJ—-1
Lorillard
2
35% Feb '25
Nov
May
i.—50
1——No
Inc —
99V
10
Liquid Carbonic Corp corn—Nonpar
3.%%
conv
preferred-—-100
20% May
68%-Jun
13%
14Vb
99
6 Va
No par
(The)--—
Co,
98%
*5y8
Co——No par
•
98%
-
19%
*13
Liiy Tulip Cup CorpL.——_No par
Lima-Hamilton:. Corp.; ——
_5
\ 7
66 % Jan
14%
23% Jan
_
8'
10% Jan
Feb'24
Feb*
13%-Jun
70% May
55 V4 Mar ;
25
19%
4
Mex
Liggett & Myers Tobacco c.orcu—*25
7%
preferred __L——100
25
19%
*47%
preferred—No,par
2nd pfd——NO par
Corp
19%
36%
Stores Corpi-l
——No par
Libbey Owens Ford Glass—No par V
Libby
McNeill
&
Libby—;
—7 '
Life; Savers .,Corp-^-i—.•
7
40 % Jan
16
Lehman
19 %
51'
_1
non-cum
19%-,
*97
1st
non-cum
20
98%
30%
No par
& Sons
19%
*62.
—No par
„—
12'/4
98%
for
Shares
46
42%
20
Sales
the Week
share
42
46 VB
42%
98
*12%
10
TireJ—
&
45%
*11%
20
100 ; '
Pesos
$ per
98
Lerner
22
174% Jan
12
No par
Lehn & Fink Products
36 % Mar 14
88% Jan
14
34% Feb
20
8% Jan
3
Feb
170
Jan
50 % Mar 15
; 82% Mar 11
.
•
•
23% Mar 17
10
? 34% Jan
91'
Jan
;174% Mar
Oct
08%
7% Mar
Apr
38%
Mar
10
21
20% Feb'25
44% Jan v 4
Jun
10%
31% Mar
15%
8
12
12
28 %
Jan
3
25
12
43%
8%
Feb
42%
12
.
Friday
Mar. 18
$ per share
46%
42%
12
-
8% Jan
56
Nov-
7
24% Jan
May
26% Jun
33
5% Jan
45%
42%,.
12
Lehigh
Portland
Cement—
Lehigh Valley RR__'_
Lehigh Valley Coal 'com-j-"——
6% Mar 17
Dec
157
4-
47%
42%
12
3.85% cumulative'preferred—100
Lehigh Coal .& Navigation Co10
10
24
10% May
,,
8
11% Jan
40% Jan
•18% Mar 18
Feb-
82
4
Jan
46%
42%
12
__AA
(The)
(James)
July
26 %
Jan
8%
37';
4% July
Jan
94% Mar 14
20
31
Mar
Dec
47%
42%
Co
Rubber
$ per share
47%
1—10
Light Co
pfd__75
Lane-Wells
6
' Mar 15
10
13%, May
19% Mar*
41%
90% Jan
Jun
99
39
41/2 Mar-
1%
18% Mar
•
30% Mar
57/b
May
26% May
$ per share
Mar. 17c
12
No par
6%
r
Thursday
Mar. 16
47 y2
12
i_—1
Bryant common
4%% preferred
24
$ per share
*
PRICES
Wednesday
42%
common
(The)—
Co
SALE
47 y2
Co
Gas
HIGH
Mar. 15
*41%
100
Lane
26
44 Vz Jan
25% Aug
com
& Co__-
Consolid
7
43
Oct
tS S)
Lambert
Jan
53% May
297/b May
42
11% Jan
18
Co
preferred
IS H)
Laclede
La
21
$ per share
AND
Tuesday
—5
preferred-
Ri
Kroger Co
21
20% Jan
4
9% Feb
14% May
Jan
6
3
17% Jan
Mar
25
6% Mar 18
5
Jan
5
M
Dec
Corp
2nd
<G
Kresge
Feb??
4%
Mar. 14
No par
$5 prior preferred--Koppers Co Inc common
31% Jan*; 7
Jan
Feb
95 % July
'
Far
Copper
conv
Nov
17
Monday
LOW
No par :
89
_
Saturday
(1239)
RECORD
1
Kimberly-Clark
11
45%
.
STOCK
No par
32
;
CHRONICLE
ltfar. 12
STOCK
Kern County Land Co
Keystone Steel & Wire Co
99% Mar 17
Mar 18
62
29% Jan:
91
YORK
-?■
7-
12%
24
YORK
EXCHANGE
$ per share
$ per share
share
NEW
?
v
Highest
40%
16%
FINANCIAL
STOCKS
Ranee for Previous
Lowest
&
19%
21%
*95
21%
98'
19%
19%
"
21%
900
21%
*21%
10
97
*95
20%
1,400
12%
20%
-
600
M
12% Mar 18
xjo%
Dec
40
Jan
31% Feb
129-
Oct
142
Feb
131 ; Jan
14% Mar
26
10
13%
Dec
27"%
30% Mar
Dec
Nov
Feb
490
525
99 % Mar 18
3,
13
Jan
22,
Madison
15% Mar 15
20
Jan
10
Magma
Copper
11% Mar 17
19% Jan
3
Magna vox
Co
12
Mahonint
Coal
Feb
450
Apr
500
25
10%
Sep
6% Feb
24
13%
Jun
7% Feb
28
Feb
6V2
16% Jan
6
Jan
'r;
10,
20,
Mandel
Mar
18
Jan
Jun
6% Feb
10
8% Jan
7
19% Jan
25
21% Jan
10
6% Jan
13
7
16% Mar 18
17% Jan
21% Feb
24
24
95% Jan
5
——— ___
RR
Co
Midland
Market
St'
Feb
17%
Dec
29% May
92%
Dec
103 %
Jun
9%
Nov
22%
Apr
9% Feb
7
11%-Jan
7
Martin
11%
Dec
19%
Jan
10% Feb
11
13% Jan
7
47% Feb
11
57% Jan
7
Masonite
Feb
21
19% Jan
7
Master
42
2
Mathieson
Feb
69% July
18
Dec
27 % May
27%
Feb
45
Oct
Nov
176
Jan
47%
X165
13
Feb
15
35% Mar
47%
Apr
38% Feb
93
Jun
89
Jan
14
Feb
Marshall
4 y4 %
.
173 % Mar 14
16
84% Mar
7
103% Feb
36% Mar 18
170
20
Jan
4
7%
*7%
8
20%
5
Jan
Jan
25
10
McCall
8
*17%
6%
,
*7%
400
100
18
*17%
18
600
8
6%
6%
10
500
*460
500
100
37,900
7%
*7%
7%
7%
7%
1,400
20'/B
19%
19%
19%
19%
2,300
,
16%
16%
*16%
16%
*16%
16%
*16%
16%
'16%
16%
570
22%
22%
22 y2
22%
22%
22%
22%
22%
22%
22%
.1,700
101%
101%
100 Va
100%
*lom'>
7%
7%
102
10
T
9%
No par
127/8
No par
49 V2
1
7%
9%
12%
10
*12%
49%
7y8.
9%
50
50
9%
12%
13%
12 %
50
50%
7
7%:
102
7
*100%
50
9%
9%
10%
12%
100
10
3,100
9%
*11%
*11%
50
49%
200
11%
50
50
5,800
102
102
102
12%
*9%
*12
7%
7
7%
50
1,500
'
14
14
14
14
13%
14
*13%
14%
*13%
14%
13%
13%
700
No par
37%
37%
37%
37%
37%
37%
37%
37%
37%
37%
36%
37%
3,600
—100
Corp
*171'A
173%
173%
173%
*171%
173%
*171%
173%
*171%
173%
*171%
173%
30
40%
40%
40%
40%
40%
40%
40%
40%
2,400
94
93%
93%
*93%
94%
*93%
94%
50
92%
93
93
93
93
*92
92%
130
83
82
82
*82
83
*82
83
8%
40%
41%
*93
8%
94
*8%
33
*32
8%
*32
8%
33
20
*
110%
*110
110%
20%
110'A
20
32%
8%
8%
8%
STOCK
v
Saturday
EXCHANGE
32%
*32
noy4
*110
110%
20%
20
20 y4
*110
20%
Monday
Mar. 13
Mar
.
8%
8%
8%
20
8%
900
32%
700
PRICES
20 V*
STOCKS
YORK
*93
LOW AND HIGH SALE
.
No par
•
NEW
;
*6%
'7%
13%
16%
Co
Stores
Highest
18
13%
1,000
16
22%
Co__
-Corp
Range Since Jan. 1
Lowest
7'/s
19%
14
100
11%
.
7'A
preferred
No par
1st cum preference—-No par
$6
*17%
7%
20%
:
*15%
9,200
1,300
22%
-
$3
5
18
!
8 Va
*10%
16
,
*460
6-%
99%
11%?
*10%
500
6%
*8
12%
30%
*iey2
*101%
preferred
Dept
*460
11%
12%
r
100
30%
99%
30%
30%
*99
140
100
.—100
Chemical
Range for Previous
Highest
7%
20
91%
111
5
19% Mar 18
Year 191*
*17%
7%
20%
7%,
3oy»
100
*10%
6%
7%
18
7%
20»/b
500
*6%
*81 Va-
11
Lowest
*17
*7%
20 Vh
6.25
*460
v
83
35% Jan
Jan
.
6%
7%
92
7
41%
18
500
6%
*7%
8
91%
7
9% Jan
Dec
18
*460
6%
11%
30%
*99
33%
r*32%
—5
Corp
Electric
480
*81%
83 % Jan
24*
2i:
11%
83
93% Feb
23
Feb
Jan
15%
93
11
Feb
8
31% Mar
13%
16%
*81'/2
Jan
80
110
16 V*
16%
*92
89
Jan
Jan
16
16%
40
Jun
Jan
16
94
12% May
43%
16
40
85
112 ;
16
*93
93
Dec
16 Vi
common—_5
Feb
Apr
15%
$3.75 preferred
No par
$3.75 cum pfd 1947 series—No par
$3.40 cum pfd__,
.—No par
Maytag- Co oommon:
No par
Dec
33
*10%
16%
May
Aug
110
11%
16%
31
100 Vb
12%
,
*136
12%
12%
*10%
—
L)
12%
16%
com
preferred
(Glenn
12%
12%
33%
140
10%
6%
pfd
prior
Co
12%
*32%
*136
*16%
93 % Mar 16
8%
..
6%
&
12%
30%
*99
41'% Mar 14-
77%
84
Ry
Field
y2
13%
33%
140
No par
Martin-Parry Corp
Sep
12
:
31%
*7%
Corp
15
12%
13%
*32%
*136
100 Vb
480
5
22 Va
12%
13%
33%
140
31
1
i
*32%
*136
*99
16'/b
Exploration-——1
Marine
13
13%
33 V*
140
10%
i
50
—
13%
*32%
31%
No par
Corp
*13%
*135
100%
*31
1
Shirt
-
Oil
Marathon
14
32%
140
*98%
10
___
_t
Maracaibo
7% Mar 11
»
v~—
Co
Bros
Manhattan
—
com—-No par
<The)__:
Manati. Sugar
12
14%
May
Co Inc
8 % Jan
26
8
4%%
7% Jan
i
25 % May
Dec
12%
pfd series A:____—___100
Square Garden
No par
Dec
Dec
* 1351
-__5
6
Nov
5%
(R H)
Inc
11
7
15%
Macy
*31%
100
10% Jan
6%
18% Mar
Trucks
*13%
com——10
!—
30V4 Feb
21
Dec
Mack
10,
Forbes
preferred
95 V2 Jan
24% May
Dec
Feb
9%
33% Jan
6%
Working Co--—.—5
&
Apr
15%
xl6%
4
15% Jan
& M Wood
MacAnarews
Jun
103 %
10
3,
Feb
12% Mar 16,
Jun
39% May
94%
137
M
9
36% Jan
33
Tuesday
Wednesday
Mar. 15
14
32%
32%
*110
19%
Mar. 16
32%
■
110%
20
19%
*110
110%
2,300
19%
19%
Friday
Thursday
Mar. 18
Mar. 17
Sales
for
the Week
'
S per
$ per share
$ per share
share
$ per share
30% Jan
3
88
Jan
101%
Jun
90
4
97% Mar
9
29
Nov
42%
Jan
33% Mar
7
36
7
Feb
25
36% May
23% Mar
31
May
52% May
41
Dec
29%
Dec
87
Jan
18%
Feb
24%
15%
Dec
24%
15
r
Par
Dec
24
.
Feb
33 V* Feb
26% Jan
24-
41% Jan
17
Jan-
Electric
McGraw-Hill
&
19% Feb
11
21% Jan
Jan
16% Feb
8
19 *
$4
8
15
Feb
15
17% Jan
15'
Jun
75
Feb
10
82
Jan
13
30% Mar 11
34
Jan
12
20% Jan
McQuay
46% May
25
22% Mar 10
Melville
Shoe
Dec
11
Feb
24 *t
13% Jan i
Mengel
Co
45
Feb
11
49
13% Jan
7
Dec
12%
Jan
18%
8%
Nov
50% May
47
Jun
44%
Feb
63% July
56% Jan
85%
Nov
95%
Jun
90
17%
Feb
27%
Jun
35%
Dec
Jun
35
92
Nov
101%
Nov
•
v-
44%
104% May
106%
Dec
13
Feb
38%
Feb
3
Dec
41
Jan
Dec
140
Jun
130
Jan
7
16
May
11
Feb
9% Mar
14
July
Nov
56%
Nov
98
May
87
78
May
66% Jan
42
%
-
98'%
Oct
10% Mar
105%
Jun
104
-
Feb
73%
Jun
42%
-
Feb
80
18% Mar
11
54 y2 Jan.
2>
9
4% Feb
25
15% Feb
25
-
23% Jan.-
16
>
35
25
For footnor.es
see
page
28
25
25
25
7/,,
?*»/,
?nn
;
48%
48%
48%
*48%
48%
1,100
33%
33%
>
6
Jan'
Jan
11 % Jan
20
Stores
&
Min
&
Co
Co
Inc
3%
—1
St
P
Minn-Honeywell
3.20%Minn
<
$4
&
?'
■
7>
7
,
15%
*30%
32
*30%
32
*30%
32
21%
21%
21%
21%
21%
22
21%
3,100
11%
11%,
11%
11%
11%
11%
11%
xIIVb
11%
2,000
45%
45%
45 V*
45%
47
*45
47
14
14%
14%
7%
*7%
"
46 ??
*13%
13%
*13%
7%
*7%
62 y2
62 y2
45 V2
11%
*9
35%
14
7%
62%
*7%
65
20%
64%
92
*89%
*89%
20%
*35
35%
102
20%
*35%
65%
92
21%
35%
*45-
64
*89%
21
35%
63%
62%
63%
4,500
92
*21
21%
35%
35
35
12%
12%
T2%
12%
12%
12%
12%
12%
12%
45%
45%
44%
45%,
44
44%
44
44%
45%
137
:
46
45%
137 (?:
45
45
137
137
11%
11%
11%
11%
9%
*8%
9%
8%
46%
46%
11%
9
44%
*136
11%
*87
89
46
46%
*87
89 %
8%
46%
*87
44%
137
11%
9
101%
*44%.
134
11%
8%
102
45%
135
11%
8%
*89%
21%
35%
102
92
21%
10
12%
1,800
43%
44%
6,600
*44%
45
400
135%
60
*11%
11%
700
*8%
8%
1,000
*133
46%
46%
47
47%
89
89
89
90
76%
75%
75%
105%
*104%
105%
105%
400
12
46%
75%
105%
500
-
109%
*108%
89
76"
1,700
35%
102
3,100
110
1,800
120
i_No par
12'A
12
12
11%
12
11%.
12
11%
12
11%
12
5,000
76J/2
*76
76%
76
76
75 %
76'.
75%
75 %
75
75
250
18%
*18%
18%
52!/4
51%
52%
8%
8%
8%
8%
4%r
series
Ar.
_100
Mills——20
Inc:__
63%
*89%
21
51%
'
———5
22
:
*317/2
4'/2
4%
-
*18%
50
8%
4%
22 V*
21%
32.
32
4%
IO'/b
*10
10%
*22'/2
23%
*22%
23%
18%
18%
18%
18%
*18
18%
49%
49%
50 Va
50%
*49%'
50 V*
3,400
8%
4,100
9
8%
4%«
9
4%
8%
4%
9
*8%
4%
4%
6,700
20%
21%
5,600
31%
400
10%
10%
200
*22%
23%
20%
21%
20%
20%
21
4%
21%
32%
31%
31%
31%
31%
*31
10%
23%
*
200
18%
50%
*31%
22%
32 V2
IO'/b
—1.25
Tool—___Nopar '
300
*18"A-
2nd'preferred-—'—-—^-25
Co
2,300
7%
109%
105%
Machine
14%
*7%
92
102
40
14%
*108%
106
Hosiery
21%.
7%
108%
*105%
Carpet
100
32
*30%
14%
108%
45 %
77
7%
109%
138
15%
*76
13%
*108%
106
preferred
64%
*45
109*5
*105%
10
7%.
*108%
*101
106
*75y2
14%
102
75%
__100
47
*101
76
*105%
ll7/s
15%
102
75%
-No-par
com__L_l
15
'
77
4——?
1,200
21%
76%
Corp
100
15%
30%
77
Power Impl
preferred^—
17%
*16%
11%
*76
•
18
30%
Mfg common_-.No par
Development Co
Mo-Kan-Texas: RR com:
Mojud
*16%
46 %
$1.50
Monarch
17%
88
Mission.
Mohawk
*17
21%
,*137
3
com
series* A-:
1st
7%
20?.
17%
18
46J/2
pfd
Moline
Mission
17%
*17%
3,4u0
21%
11%
45
No par
$5.50
•
2,100
88
preferred
Minn
Regul
20
100
conv
Min
19%
*7%
—_No par
SS Marie—?
&
19%
*45%
::
Nb par
--100
19%
33
iiy2
_-—'_10
i
20%
77
*12%
com:
20 V*
*76.
21%,
Prod
20%
77
92
preferred-^
*20%
15
5
Steel
300
20%
*76
109%
1st
97
15%
*108%
8%
*95%
76%
100
Midland
96%
15%
102
-
34
96%
*75%
*20%
■_
33%
96%
15%
*35y2
Copper
34
96%
*47%
76%
*89y2
series—-
34
96%
15%
Scott-i-No par
preferred
34
*75%
*100%
4.35%
48%
34
15%
^_'__5
Machine
48%
*95
20%
185/2
__^—_i-No par
&
48%
96%
76'/2
21%
-
Co—_Nopar
commori—
20
*30y2
.
1
—50
Inc-
1,300
15%
50
1
31%
97
*75V2
100
common^---
Transp
*17'/2
*95%.
34%
*95
20
pfd_ 100
6
8-
1
Co—j.—J__
8:
23%. Mar 111
96'A
—
31 %
97%
33%
34y8
*95
31%
48%
48V2
*34
Metropolitan Edison 3.90%
25-
*47%
18
No par
com_
Mesta
Mar 15.-
29% Feb
4
4
Feb
Jan
x9% Feb
25
-
14% Jan. 15
July
21% Jan.
24%
'
3i
105% Mar 16'
34
Jun
24%
17
44
15%
25%
Corp
$3.50 :preferred
Mar 11,
Dec
29% July
*24%
47% Feb
Feb
Feb
25
Minn
Feb
Dec
25
12
"4
9
•
Jan
13%
22%
No par
Minneap & St Louis Ry
x33%
9% July
1,400
25
24
;
33%
Co_i
Merritt-Chapman
90Mar 18'
9
Feb
7% Mar
33%
Mid-Continent'Petroleum
77
25
16% Feb
42%
•
10
Mar
33%
7
12
4
74
33%
12% Jan
21
11% Feb
18% July
*95%
33%
Mfami
139% Mar
Mar- >7-
Jan
31%
95%
3 3'A
8K
46
3?
43% Feb
Apr
31%
95 %
34
47% Jan?
8% Mar 17
54% Mar
87
31
97
33%
14% Jan
23
51%
9'.
31%
*95%.
1st? preferred-'
conv
Merck
110% Feb: 24
11% Feb 23 '
40 % Feb
5V
Nov
Mar
26
101% Mar
*31%
33%
•
(The)
Merch
19 "
38% Jan
3 "»
>4'
11
-
92% Jan
Mar 17
128'
-35
5%
Mercantile,
'
23 % Jan- 20
97% Jan
69% May
22
20
'65% Mar 15
3 f
106% Jan
19% May
Jan
8% Jan
20% Mar 14
Jan
4%
8"
14% Jan: 20;
7% Mai" 9 >
31%
97%
33%
,_No par
Dec
3
31%
*95%
pfd (1st series)
2nd pfd (2nd series)--
Dec
Jun
31%
33%
4% %
11%
Shares
97'/2
Co^—____ 10
20%
$ per share
31'A
Mfg
31%
-
33%
Corp common
Mead
$ per share
*95y8
Robbins Inc
Norris
$ per share
'
preferred
McLellan-Stores
17% Mar 11
$ per share
Mines-— ____5
Porcupine
Jan
$ per share
1
100
Publishing-
McKesson
97
1
com
Co_:_
Mclntyre
12
19% May
62% May
Corp
preferred
conv
34% Mar 10
4
93% Jan
Jun
96%
Stores
3%%
McGraw
7
23% May
80% Mar
McCrory
48% Mar 15
3
30% Jan
35% May
98% Jun
?
Jan
$ per share
i
4%
10 %
10%
*10
10%.
*10%
*22'%
23%
*22%
23%
*23
2-
24
(1240)
THE
COMMERCIAL
NEW
liife (or Previous
Range Since Jan. 1
45 V4
99
$ per share
Nov
122
453A Jan
110
$4
11
10%
Oct
10
Jan
4
11
52
57% Mar 17
Moore-McCormack
21% Jan
31
23
Jan
7
11
20 y8 Jan
20
25
25y4Jan
7
27
Jan
21%
Dec
16% Feb
Jan
29 y2 May
20'A Feb
Dec
23
May
18
Feb
15%
Dec
24;
Jun
15
Feb
10
13%
Nov
16%
Oct
12
Feb
Dec
Feb
45
107%
Jan
112
Jun
12%
Sep
17
Jan
Dec
* Dec
25
Jan
May
3
Motor
8
Mueller
7
Jan
Jan
7
112% Mar 17
5
11% Feb
11
43
Jun
Jan
48
133/4 Jan
6
343/4 Jan
32y4 Mar 18
55%
13
Jan
8
51
Mar 18
8 per share
8 per share
Sales
•<
Mar. 18
$ per
for
the Week
Shares
share '
*10 3/4
11'A
*103/4
ny4
10%
10%
10%
ioy8
*10%
ioy«
10 3A
10 3/4
600
No par
561/4
56%
56s/8
563/4
553%
56
55%
55 y8
55%
—5
57%
56'%
57%
9,800
12%
12%
123/4
12%
*21%
22%
*21%
22%
Co
No par
.—3
!
'
543A
'53%
—5
112
*108
112
*108
HO'A
*110
lll'A
*110
111
V;
18%.
18%
19
22 y4
223/4
12%
,'
*22
22 y4
y:
12%
22%
18i%
18'A
18%
18%
153/4
15%
13 y8
131/4
13%
10%
103/4
103A
10 'A
10'A
40%
403/4
40%
112
40aA
112
*40'A
112
12%
*32 3/4
12%
34%
*48
123/4
18
22
100
123/4
3,100
200
21%
3,400
900
18%
18%
18%
18%
18%
15%
153%
15%
"15%
15%
13%
13'A
13%
13%
133%
10'A
10 y4
10'A
10'A
-....*10%
39%
40 3A
112
40
40
112
12%
•
;
112%
121/4
343/a
*■32%
34
*32'A
34
*32'A
49'/4
*48%
49'A
*48%
49
48'%
600
■
•
100
12%
32 y4;
48
1
*
100
48
48%
'
2,000
114
32y4
,
,
2,500
123%
333A
*48
800
'
40
*iii3/4
12%
„
900 "•"
i
10%«
40
112%
12%
-
'
17%/C
131/2
>
12%
:'V
22%
17a%
21%
*32%
491/4
12%
*213A
Y"
*18'A
114
12%
22'%
...
123%
22
;
22
173%
183%
"
*15%
K-
41'A
*112
'•
12"%
-50
22
15%
133/4
,
123%
21%
22%
173/4
22%
15 S/8
,
Y
12%
*22
18'A
15%
'
—No par
123%
22%
18%
13%
*111%
6,800
112
*109
15%
.100
,_10
54
53%
54%
*108
111'A
19
—1
533A
112
103/4
;
543%
*108
*109
13%
•
-.1
54%
54%
112
111%
*18%
—1
& Bros
533/4
*108
*110
*221/4
*
—5
Co
54'A
112
110%
19
No par
Corp__,
Myers (F E)
"Friday
>"
Mar. 17
$ per share
5
Co
Corp
Brass
Thursday
$ per share
541/4
Inc
Wheel
'•<
Mar. 16
110%
Lines-
&
8 per share
PRICES
Wednesday
,
*1071/2
Mfg Corp
Munsingwear Inc
Murphy Co. (G C) common..
43/4% preferred
Murray Corp of America com
4% preferred
25
11
Mar. 15
—5
Mullins
421/4 Jan
17
110
(John)
Products
171/4 Jan
V
3
38% Feb
10
Oct
Morrell
Motorola
Motor
143/4 Jan
19% Jan
28
Tuesday
No par
Montgomery Ward & Co
12% Mar 14
Jan
*
Monday
Mar. 14
A__No par
com
Utilities
3
Nov
14%
RECORD
Saturday
B
3
11%
10
Montana-Dakota
7
Co
series
series
Jan
203/4
33%
Mar
Chemical
preferred
preferred
Monday, March 21, 1949
Mar. 12
10% Jan
65
20
34
$3.25
13
8
Feb
Dec
50
24
Feb
107
May
17% May
Monsanto
Jan
111% Jan
103
Apr
10
19
CHRONICLE
LOW AND HIGH SALE
STOCK
Par
543/4 Mar 15
4
May
47% Mar
STOCK
EXCHANGE
8 per share
112%
Dec
YORK
NEW
Highest
8 per share
61% May
% Dec
105 3A Mar
9%
Lowest
Highest
I per share
YORK
FINANCIAL
STOCKS
Year 1918
Lowest
&
200
1,400
N
14% Mar
20
12% Feb
11
15% Jan
7
32%
Sep
23 ya Jan
13
28
Jan
21
29
■*" Dec
Jun
Jan
19
Feb
18
21%
4
Va
Sep
8%
Feb
9y«
29
3
11
17% Mar
10% Jan
3
30% Mar
2
37
July
*
Feb
32%
Oct
1.75 yt
Jun
8% Mar
liyi Jan
30% Jan / 3
162% Oct
5% Nov
170%. Mar 15
323/4
9% May
5% Feb
-
7%
National
National Cash Register
National City Lines Inc
9% Jan
8
National
Container
11
National
Cylinder
Dec
7 / Mar 18
14ya Aug
10% Feb 24
12
27% Feb
10
29'/a Jan
26
15y8Jan
24
24% Mar
32
14%
17%
21
Nov
12%
Dec
Jun
;
Sep
National
National
Distillers
Nat
8
16y2Jan
7
Feb
15
38
96% May
91
Jun
,
'130
Nov
147%
7%
Dec
4
148 y> Mar
May
21
Natl
li Jan
4
19% Jan 21
22
Oct
81%! Mar 16
913/4 Jan
7
2M 'A Feb
23'A Jan
28
25 'A
so% Nov
94
30% May
15% May
July
28
10
Jan
19
Jan
Jan
24
4
26
Mar 14
10 34 Jan
3
liyiJan
31
11
15% Feb
83
11
Mar
4
4%%
%
Dec
9% Nov
12%
Jan
9% Jan
4
11
Jan
19% Jan
9% Jan
3
12
Vulcanized
Natomas Co
12%
100
Nov
19
Feb
104
x27% Mar
35
C 87
8
Nov
93% Jan
Jan
conv
2
Newberry
2
3%%
3
93/8 Jan
22
97% Feb
2
8
25
13% Jan
10
70
19
723/8 jan
27
9% Feb
Jun
343/4
Oct
433/4
Jun
39
Feb
92
July
121
Feb
144
July
23%
27
28% Jan 25
24
10 y» Feb
24
68% Feb
13% Jan
81
Jan
140
Jan
21
11
14% Jan
8
22% Jan
21
5
Jun
48
: Feb
14
51
'
Mar
225
.Feb
10
250
Jun
7y»Mar
393/4 July
-Nov
28 Yb Feb
24
96
Jun
91% Jan
4
193/4
14%.Feb
Oct
15% Feb
25
Jan
.
Jan
88
Jun
86
Jan
Year 1948
New
20
3
Lowest
S perihare
Dec
4
21
25%
Jun
18% Feb
90
Jan
Brake
York
Dock
Aug
28%
Jan
26
17%
"
Jun
15% Jan
50% Feb
24
59% Jan
10
7
28% Jan
20
3
17% Mar 11
y
11% Jan
-
Mar
27% Mar. 11"
9% Feb
5
82% Mar
93
Jun
81,. Jan
11
85
253/4
Feb
36%
Jun
31
Jan
14
16 %
273/a
Jun
133/4 Feb
24
17% Jan
s
•,
8% Feb
8%
C16
:
90 " Mar
109%
Nov
33%
Dec
4
15
8% Feb
7
23%
23%
*22%
23
11
*98
98%
98%
*8%
8%
*94
145
*144
145
51
10'A f 10%
*71
'. *71
*48
; •
i
52
*235
;
•
*10%
11'A
29%
3,100
100
25%
1,300
10%
10'A
10%
10%
10%
10%
10%
1,300
11.'A
11'A
11'A
11%
12
12
12
1.900
14'A
104
*13%
*103
*103
104
*30
30%
30
*14
30
98 %
*98
98 y8
98%
98%
8%
104
X9%
.
300
14%
103
Y
300
103
10
-
*29%
303/4
600
98%
98%
90
8%
8,800
83/4
;: 8%
8%,
11
*10%
14'A
14'A
141/4
/
29%
97
*94
8%
*94
97
*94
97
50
97
50'A
50
49
49
10
10%
50%
10'A
10 'A
10
10%
,•71*4-
:72%
*71%
31%
31%
" *71'A
72»%
321/4
1.800
2,300
72%
10
Y
'
307/a
31
29%
/
•
30
10%
31
,-Y
73
128
13
"'
126 %.
12
12%
12
22>A
21
21
52
*48
52
*230
245
293/4
*48
"29%
29%
'
28%
i
v
29%
21,200
"1,103
;
"
600
•
11%
52
llaA
'1,600
21%
Y
52
*48'
*230
*.
7%
7%
283/4
*28%
200
:
245
7%
283/4
•
7%
10%
71
127
*20'A
*230 -Y 245
.
1,000
71
21-
*48
245
.
' 7%
,
6.500
126
:
12
21
52
*230
7% /
7y4
*11%
32 'A
29%
10'%
72
128
12
*21
7% /
72
*126
73%
125%
10%
103A
10%'
*72
3iy8
29'%
-
30
29%
29 Yt
10%
IH/4
73
*126
22'A
29%
18'A
84
25
11
240
29%
i8y8
11
71%
11%
73a:
100
84
.
V
1,700
11
240
7%
23
253A
«*48
,
245
77%
23
25%
iay2
•75%—
*20'A
2,800
*25iA
8%
127 y2
12%
22 y4-
100
82%
18
ioy4
30
*20%
'%
21'A
82%
23
*22%
23%
'%
*201%
82
85
*98
31'A
■
Ytf
21'A
82
18
71%
30
11 y«
%
*20%
■
S0%
74
liV
21%
82
*22'%
503/4
30 W
•
1.000
85
50%
30
;127%-
18%
18
*94
30
..
is y.
85%
29%
30
-76
18%
26
10%
'A
1/2
81%
72
*10%
72%
18'A
xl7%
*103
8%
10
2,500
x85%
.*13%
51
60
5%
18%
11
97
*50
4.900
53A
26
•ioy4
-
110
30'A
'
*20%
%r
4,400
91
30'/'a
5%
85%
11
98%
*94
.
*
15%
15%
*90
5%
*25'A
30
8%
97
51
12%
.
:
Y
29
"lO
'
7%
5,700
1,500
*
'
pfd_i.l00
;
1
94
-,
94'
17%
17%
*85
*9J'A
93 y8
93%
93%
"*93%
17 y2
17%
17 y4'
1^%
17%
86
*85
85%
Saturday
■
86
93%-
93.y8
18
'
937/B
17%
19'A
86'A
86%
87
86'A
LOW AND RK1B SALE FBICES
Tuesday
Wednesday',
Manday
Mar. I'i
Mar. 14
:»•
J
Mar. 15,
19%
,9%
"9%
1
___4
Western Ry com__
Adjustment
preferred
North
American
North
American
'•
Mar. 16'"-
•
■
:k
1
1
937/8
Y
18%
87
19%
270
3,200
•M*:-
«
-
1
877b
*87 »A
Thursday
-
Friday
190
Sales
■Mar. 18' ;■
Mar.*17y \
■
..25
Ry
Pacific
52 3A
Gas
4
for
the Week
4% Jan
11
Norwalk
Tire
12% Jan
10
Norwich
Pharmacal
27% Jan
3
30% Jan
31
Ohio Edison Co
Jun
99% Jan
3
Jun
25% Feb
11
52
10%
10%
10'%
10%
10%
10%
50
*83
*83
-84
>
84
83
34',2
34%
34%
34%
35
15%
15%
15%
15
15%
'
95/»
9%
9%
9%
39'/4
89 y4
»108
89'A
89 'A
108 %
108%
108'%
U.
9%
*25%
52Va
:
27%
!
'
100
•
8%
52 Vy
500
52'A
/
18,300
100
17%
177s,
103/4
103%
10 3/4
84%
35
14%
3,200
/.
27%
*27
177%
*83
36"
14%
8.800
:
27
10%-
84'%-'
343i
9%
10%
9%
10%
9%
18'A
18'A
'18'A
183%
18'A
33 'A
33%
33%
33'%
*331/4"
-
■
9%
89'A
36'A
33%
14%
15
9,200
343A
15%
"2 'A
3%
3'A
3%
84%
*83
*11'%
11%
11%
ll7/s
30%
9%
■
97/B
18'A
18%
150
?
.
11,800
3'A
34
33%
333A
*3'A
,
10
3'%
1
9%
42.000
:
>280
/■'■"/•
9%'
97%
-18
'280
3.300
1.403
18%
33%
110
3'%
33%
1,000
*11%
12'%
400
33%
3'%
12
12
•
7.600
1083/4
108'%
108aA
9%
.
3%
*11'%
12
*108
"/■,
89%;
88%
18%
*33'A
34
95/'b
89 Vb
108 >%
18'%
18'A
'11%
9%
883/4
883A
-
95%
10
3%
2.50
'14%
9%
88 JA
*108
108%
..No par
Co
*83.
9%
*88 3A
*108
10
50
Rubber
20
8'%
:
'
__100
common
: Sharer
\
17%
10'A YlO'%
83
34V8
15'%
10
!
52
17%
.
*19%
8aA
*27
27
17%
'
27
20 f
8%
27 (:
1
*25%
52'A
.
27
Telegraph
1
2
;
17%
*26%
8 per share
.
'
27
v 27
25
2% Mar
&
.53
*19%'
9'A
27 " :
17%
preferred
■Northwestern
521/4
*263/4
52%
52%
8 per share
V
20
9
27
1
Co
Co
Inc
11% Mar
*19'%
27
17%
No par
4.6%
26'%
173/4
No par
2
19%
9'A ;■« 9'A
y2'
17%
Ry
Airlines
9 5%
27
*26 %
Northern States Pwr Co (Minn)—
Common
:
No par
Northwest
52%
193/4
'
91/4
*26%
/17%
.
7
193/4
*19%
27
8 per share
.10
Aviation
Natural
27
S per share
—__25
Co
Central
" Northern
*193%
t per share:
Y
"
Northern
7
t per share
_t.50
i.
Co
preferred
Jan
18%
104
x293/4
12 »/4
preferred
36
*103
Y,
30%
11%
$4.80
11
104
*30y4
129%
$3.60
33 V* Jan
jun
*144
.;
;
v
*85
11
*10%
No par
Corp.,
Chemical
Jun
143/,
11
11%
13
Feb
26
76
*127%
109% Jan
19
18%
86
26
IQq
4
24
18 'A
86
25%
13%
Feb
10% Jan
19
86
*103
100
Northern
18/
9% Mar 11
90
16% Feb
7% May
10% Mar
28
Jan
107% Feb
Dec
27% May
40 % Apr
Jan
3%
87
17% Mar
Nov
%
83
13%
Industries-.,
Electric
Norfolk 8c
■--'•
36% Mar 17
Dec
Feb
145%
*144
21%
25%
\ EXCHANGE
Noblltt-Sparks
Nopco
-
•
%
2,400
11,000
'2,300
174
18%
82%
,
*173
18'A
*20aA
,
173
18 'A
y2
!
*172'/2
18'A
833/4
/
172%
18%
21
■
30
18'A
%
:f
15%
91
5%
83
.
;.
Noma
3
13% May
145%
21%
18%
12
151/4
5%
*22%
18%
29 %-
53A
%.
15
18'A
91
*5%
A
Par
23% Jan
*
*144
143/4
12
.
123/»
15%,
53A
833A
No par
Light 3.90%
18'/a
30%
*5%
14
-No par
15
18
172%
173
21%
*103/4
common—_No par
4,100
92
18%
*85
;•
28%
29%
*90aA
*22%
_10Q
28%
xl2'A
5%
*13%
com
1,600
28%
143/4
14%
15
15%
83%
Y
9,300
11
"
3
14% Mar
Oct
146
'
10%
preferred
y
lo:
Nov
Aug
146
100
1,600
"•
7'%
11
'
31'A
172%
11
$ per share
Jan
62%
78
147
5%
STOCKS
NEW YORK. STOCK
•
Jan
Feb
103%
174
•
7
7%
1,700
3,300
7%
Corp—-y.y
$3.75
:
14
Jan
..Jan
*173
*14%
92.
30%
*20%
_No par
preferred.
non-cum
15%
*90 3A
315/s
10%
N Y Shipbldg Corp partic stock.
Y State Elec 8c Gas
*.
Highest
21
17% July
36%
-
Jan. 1
!
31%
%
N Y <fc Harlem RR Co_
50
N Y New Haven & Hart RR Co-100
Preferred 5% series A
^.100
14
16
Dec
Dec
8
92
100
Central—
N Y Power &
22
8%. Mar 17
133/b
25
153%
*90%
31%
.
<
19% Mar 18
J per share
,
23
55
xl5'A
92
103A
preferred series A
$5
9
96•: Jan
.Range Since
1; Highest
( per share
15%
-
5%
34
*7
28%
13
•
*33%
100
.
11
18 38
12%
1
N Y City Omnibus Corp;
21
333/4 Jan
Air
York
6%
Range for Previous
Lowest
18
13 %
10%
:
N
81
18'A
13%
103/4
preferred
N Y Chic & St Louis Co
15
Mar
9% Jan
2
York
New
21
28
14%
255
New
7
24
Feb
203/4 Jan
'
Feb
14%
18 Va
18
P.AVa% preferred—
i_10O
Newport News Ship & Dry Dock—l
12
103/4 Feb
Jun
61
Jan
6% Mar
14%
13'A
*146
England Elec System
__20
Jersey Pr & Lt Co 4% pfd—100
Mining Corp
1
10
Newport Industries common
;
1
32 V4 Mar 17
33% Jan
Feb
125
Apr
•
Jan
29
18% July
493% Jan
14 y8
is y4
13 V*
Newmont
Feb
Mar
14%
"
53A
.
7'A
100
9,100
173%,
.
57%
7%
28%
18%
.
*171
341/B
700
33%
11
18%
common_No par
J)
7%
28 V8
-
*7
11
14%
10%
serial
.7%
10 %
32%
171%
333A
7%
121/4
33% ."y
'
*10%
common
7'%
57%
33%
*7
i3yi
I
(J
Co
7'%
..
.
171%
8,000
1,100
*11%
.
33'A
6
; .333%
28%
New
59% Jan
7%
28'A
V:
New
7
4
Dec
11% Mar
Inc
preferred
Mar
Nov
•
4%%
27
Mar
99
Jan
8y» Jan
12%
86
Jan
31% Feb
46
31
20%
103
90V2
Nov
200
3
95
20%
20
12
x293/4 Mar 14
Bros
5%
6
33%
7%
No par
Neisner
Aug
July
26% May
Dec
70
Jan
14 J/4 Mar 17
64
-Feb
12%
xlOl'/a Jan
May
12%
Feb 28
57%
33%
7%
174
No par
Corp
99
90 y2 Mar
38
Jan
•
98 y2
Feb
13
May
Nehl
6
331/4
*173
lo
:
170%
283A
31%
100
Co
170'A
28%:
*90%
.
__10
Fibre
170'/2
28%
No par
com
170%
73%
33
270
1,400
v";
*33
117%
33%
33'%
11
.
(The) Pa
325%
7
7'%
11%
*33
8,600
10% "10% •'
10a%
10'A
U 3A
33
32 y8
33
YYY
/
10%
11%
*32'A
,32%
173
6'
•
7%
15%
25
Co
Natl
v
Mar 17
Nov
Tea
*171
103%
12
33
10%
No par
Co
33i/4 "
10%
12
*32%
11 y*
No par
preferred
> National
173%
143/4
l
Corp
National Supply
"
Nov
9
•
Steel
National Sugar Rel
7
86
21% Jan
Jan
National
10%
12'%
323%
33
33
•
10%
12'%
32aA
'
18
-100
& Steel
10%
■
12 y8
7%
13
12%
13
*13
.
^—No par
Power & Lt ex-dist
National Shares Corp
I
10%
32%
7%
11
1
com
Natl
Jan
16% Nov
Co
preferred B
Malleable
7%
'•"
11%
Cast-No par
19 y8 Jan
8
-71/4
-7%
'<
12.50
Corp
2
Y."
■
28 %
_No par
National Linen Service
y2vMar
25%
21
i
6
114%
Nov
6%
9
6y4Jan
Prod
Stamping
preferred-
conv
7%
8
*ny8
'National Lead Co common10
7% preferred A—
_J_100
16% Mar
Jan
25
Nov
Jan
.
5% Mar 10
24% Jun
si y4 Mar
$4.50
337/a Jan 21
f77% Feb
3
135
Jun
1
95
4
Feb
Feb
Mar 17
29% Mar 16
169% Jan
Apr
5% Dec
10
v
12
177
•
■
25
Oct
lo4
1
1
:
Co
Jan
Oct
20
Co
14 y8 Feb
Jan
7%
■
7%
19
29%
7%
13%
73/4
Y
57'o
3
85
.7'%
8
32%
7
Gypsum
22%
173
J
Dairy
'National
22%
5%
14
13% Feb
24%
Y.Y
*7%
13% Feb
Jun
*24'A
217%
33 %
17% Feb
20%
243/4
213A
10
Gas
Enameling &
23%
217 a
32%
•
.
12
Jan
12%
25%
217%
No par
1
22 % May
May
123%
*24%
22
12 J/8
Products
No par
Department Stores
5
:
162
15%
Jan
Corp
127'8
25
22
*32
I
10
14% Dec
Dec
15
-
Can
National
9y4
35
2
13
25
22%
10%
:■
;
—100
3
9Va May
13]/2 Jan
6% Mar
1
common
_
127%
25
22
8:
5
8
Jan
48
Jun
Co
13
24 %
22%
id:>
4
7% Mar 11
6/2 Jan
8
Dec
10% Mar
;
Biscuit
preferred
Feb
6
Fibres Inc
13'A
24%
22%
.1
National Aviation Corp
National Battery Co
27
13%
24%
-
]
Automotive
National
333/a Mar 18
7
30% Feb
National
25
Jan
5
100
,
Co
National Airlines
8
Jan
178
Acme
5,
12% Mar
45
Nov
National
7
Jan
9%. Feb
5
Corp
Nasnville Chatt & St Louis
22y2 Mar 14
3
10%May
13% July
Mar
"26y8
Jan
Nash-Kelvinator
12
O
',26% Dec
34%
92% Jan
103^
;
'
26%
Feb
16%
>
Apr
22%
.
43
18%
Jan
17% Jan
8
104% Mar 14
33% Jan
7
4.40%
Ohio
7
Oklahoma
Oliver
Feb
36% July
24% Feb
25
31% Jan
7
xl09% July
12% Apr
94 % Feb
16
99
7
6%
<.88
1
Dec
Dec
x20
Jan
27
'
Jan
••'
100
23
81
1
11%
•
Oppenheim
Otis Elevator common—
148
Feb
Dec
15
Sep
73
May
15
8
70
Mar 14
49% Jan
153/4 May
8%
60%
Jan
13% Feb
12
Mar 17
8% Mar 18
/
Apr
3
66
.
Jan
7
153
Jan
28
24
Outboard
Jan
28
Outlet
58% Jan
24
Owens-Illinois
79
;
-
Jan
7
10'A Jan
18
14
Jan
37
24
29% Nov
19% Feb
30% Jan
3
33% Feb
18
30% Feb
19
'47% Mar
29% Dec
89
130
'
Dec
Nov
55% July
44% July
.104% jun
147
For fiwtnrt'pc
Mar
.:
Feb
50 >A
Feb
29
Jan
89
135
.
14
3
Feb
7
Jan.
5
40
Jan
26%-
19%
■*18%
19%
7%
'
96'A
7.3/4
••
;
26%.
.
"
26y8
•
26y«
"
"
8c
104
:
*30%
.
*103%
Y
26'A
*30%
303A
104'A"
28%
28
19.1/4
*183/4
26'A
t
28%
28%
'
A—.100
Y
95%-.96%
*
7%
••
...
.
./
963/s
73A
96%.:
•
*18%
104
ya;
19
•
i
30%"
•■>:
300
410
104%
'
' "
28%
*18'A
-
19-
28%
'•
26 '/B
C.300
.V
26%
95
26% .'263/4
26% Y
7%
84%
851/2
V
*84%
86'/2
•20'A
••21%
(
*20%
21
303A
30%
■!
•
-
■7%
,"*84%
Y
ii
_/.-_100
Mfg
•151
*
250
Glass
Co
.^.12.50
14 %
15
72
—.No par
....
"...*.151. ,1531/2.
'14%
15
153-%
72
;
52 3A
"
-
.70
...
523A
'■•52%
52 3A
70
.-•14%
f
■"■••
*68
;■
31
"
•
-
*7%
Z 1%
85"""20 'A
31, y
153% " *152
*14% " 15.
J * 141%
VA®
*68
72 ;-yy\ :
•;
v
•
961/4
*152
153%"'"
..*151
.
.7'A
30%
3i%;%
30%
*95%
9G»%
*84% 7 861/2 :
*20 »A
21"'
861/2
*20% "21
•:
31%
30.%
?
7% •'
*95%
•*
Marine
30%
30%
103%
1
'
_io
Jan
96y4 Mar
142.
When
Pacific
6
21
\
:
9
Mar 15
Fishers
Tn«
-
9
,
common
non-cum
*12
100
951% "
-
72'
..." 471/4
2.900
-
;
<.
*84 >/2
21
15
•
86
3
"
'••"••
72
:;>•
51%
52
1
t
Tv'j
'"•••
'
3,600"
153%".'";? / yl
Y
72
;•
'
1'.'..
15
14 %
*C.>70
110
••
'
31 %Y
l'A
•152'
1531%'
2.200
-21
:-Y "
31%',;
370
7%
^20'A
85
;
*68
-
.
' Y". V
30
'
52%
52%
513A
'•*8%
*65 y8
68
*37
y
381/2
*37%
*19
>
19%
1 ;v:. 191/2
31%
V
1
No par
_lo
_25
:
•
31%
.
19/32
issued
Lighting Corp
*31
—No par
Pacific Mills _i
no par
Pacific Telep 8c Teleg common—100
6%
preferred
_1Q0
8%
19/32
•
3 l'A
1
52'A
.-'■■—
95'%-
*141"
951/2
142
•
'
J
-
-
•"*19%
317A
iV 19/32
31
31
52'A
ai%
313A
*95
"96
*141
•142
"•
r"
31%
'
ft
*31
-
95%
•
5
52%
12
12%
"
52"
"511/2
12
*8%
8%
•"
68
*65'A
'
3,000'
;
*37% "'38%
19%
19%
:
*18%
31%
%
19/32
•
31%
t
"
*31
5/a
31%
*51%
51 %'
31%
95
'
*142
95'A
144'
5/a
■'
31%
51%
31%
95%
31%
31%
;
95%
141
19% v
'
38 %••
•*183/4
317/B
V31 34
'
U
■-
31%
.
160
68
*37%
•
.1,100
'
8%
8%
"
*65%
x313A
19%
12%
*12
8%
68
38%
.*373/4-.
32%;'
142 .-•'
*8%
*651/2
-
52 " '.52'A
31 %'
'31%
142
12%
8% "■
68
*373A -38%
19%"
-
*8% I.*65
-
38%
52%
.
52'A
31%
31%
?■"
8%
68
1
*311/2
:
8%
-
12 'A Y12'A
12%
*121/8
12%
:
10
No pur
Pacific Finance Corp of Calif.
Pacific Gas & Electric
:
Rights
•
-
"Feb
Amer
preferred
2nd preferred non-cum:
17
313A Mar 18
54 ;.
34
Pacific
1st
Si Mar 17
Doge 28.
29%
*18%
Y
26%
—-.No par
-
Pacific Coast Co
3
ft Feb
'
2
36% Jan
18
preferred
preferred
Go
28%
'
14
70
43% May
21% Jun
6
6%
30%
103%
29%
.
■i:-i
96%
t
6
Collins
16% Jan
34% Feb
15% Mar
Jan
convertible
20
10o
common.,
31% Mar 15
73% Jan'
t
(The)
22% Jan u 7
" Feb
89
Corp
90% Jan
Jan
19
30%
1033A
291/4
i
•30%
104
'
7
8%
19
30-%
1033/4 io4'A
29%
—No par
16
>jan
Dec
Omnibus
10
29%
preferred
19
Feb
*303%
*103'%
pfd
common.
convertible
20% Feb
23
Dec
10
Elec 4%
29
■154
80.;
Corp
4%%
&
Jun
'15% Nov
47%
Jan
8
Gas
Feb
144% Nov
f
11
Jan
g
^_100
.No par
1
Jun
-
37%
6% Feb
Jan
Co
19 3A Mar
-92,> Mar
common
preferred.,
Oil
'
-193/4
-
32y8
•
* : "-i--
*'" **1 ♦.i"-
•.
•'-
;
*
11,700
-
73.500
313/4
52
51 y8
31
400
51%" :
31% V
31%
95'%
142
•
.
'
943A
953A
200
•
-
3'
%•
-31%
,y.
4,700
900
.'
:
•
240
•
*140
142
:.
110
••
Volume
THE
Number 4787
169
COMMERCIAL. &
NEW
Highest
*
Range Since Jan. 1
Highest
Year 1948
$ per share
STOCK
CHRONICLE
NEW YORK
Lowest
1
$ per
Sper share
$ per share
'
STOCK
Saturday
,EXCHANGE
share
Mar
t per share
Par
'
'
2s
Monday
Mar. IS
'
v
k
(1241)
25
RECORD
STOCKS
Range for Previous
Lowest
YORK
FINANCIAL
BALE PRICES
$ per
.
Wednesday
Mar. 15
$ per share
.
1
Tuesday
14
.
'
,
Mar. 17
„
share
-
Thursday
Mar. 10
.
$ per
share
Friday
gales
Mar. 18
S per
Sper share
tor
the Week
share
Shares
"
31/2
Dec
39 %
Nov
4
6%
8%
46
Feb
6%
4% Jan
8
43% Jan
10
11
4 % Jan
5
9'A Jan
20
3% Feb
V
66
Jan
3
12% Feb
8
Oct
'
100
8
Jun
49% Jan
5
97% Mar 12
May
Feb
.
18'A
11%
Jun
6% Feb
24
Dec
18%
,
11
25
2iy2
Oct
97
3% Feb
32% Feb
11% May
Nov
13% Mar
92
Apr
62% May
5% May
Dec
28
May
16% Feb
8
Jan
105
Jun
102% Feb
26% May
Feb
51
40
3
23%
Dec
241/2
Nov
30%
6
% Mar
9
Feb
10
55% Jan 24
,
3
18
3
42
2
3
27 % Feb'
2
26% Jan
6% Feb
5
7% Jan
7
12% Mar 16
14% Jan
18
Jan
4
10
3/4 Feb 28
18% Mar 12
37
Jan
27% Jan
31
49%
Jun
42% Jan
3
9%
22
29% Mar
Feb
3
19"% Jan
Dec
38%
9
47% Mar 14
convertible
Park Utah
Parker
Rust
17% Feb
5
20% Mar 14
Penn-Dixie
27% Feb
10
28% Jan 21
Penn
10% Feb
Penn
3
109%
Oct
Jan
109 % Jan
Mar
1
16%
Dec
20 %
July
17% Jan
4
18% Mar
7
16%
Dec
22% May
15% Feb
25
173/4 Jan
7
323/4 Feb
10
37
Jan
19
Dec
48
103
Feb
120
Apr
105
3
110
Feb
7
28
Dec
45%
Jan
29
T Jan
3
*30% Jan
18
86%
Feb
99
Oct
96% Feb
9
9%
Nov
8% Feb
28
7%
8% Jan
3
20'A May
24 Va Jan
Dec
30 y2
98%
Oct
9%
Mar 14
113/8 Jan
Proof
Coal
5%
preferred
Ac
Peoria
10
Feb
17
12% Jan
7
2
Pfelffer
3
20% Feb
42% Mar
4
51% Jan
19
Pfizer
59
July
May
41% Feb
26
53 y8 Jan
21
503/4 Jan
4
Phelps-Dodge Corp
Philadelphia Co 6%
104% May
94'A Jan
5
99
24% Jun
203% Jan
3
22% Jan
21
25%
Sep
233/a Jan
4
253A Feb
4
115%
Jun
22
Nov
104
55
Dec
Jan
91
.t
Jan
103%
14
103%
111
28
Jan
81
21%
Sep
45% July
Jan
97%
Jun
93% Jan
993A Feb
82'%
Nov
88%
Oct
Dec
13%
Sep
Jan
54%
Jan
92% Aug
77% Jun
10
Dec
30
10%
80 %
;
11
90
Feb
11
59% Mar
513A Feb
9
Feb
28
Dec
26
34%
Jan
26% Feb
28
Apr
103%
Jan
1003/4 Jan
5
113
Dec
15%
Dec
Jun
11
Jan
3
81
Jan
20-v
73A Feb
Jun
Dec
12% Feb
150% Feb
24
Oct
81% Jan
3
69% Mar
4
96 :
Dec
15
Feb
82% May
26% Oct
145
Jan
161
Dec
14
11
16% Mar 17
July
139
46% July
Jan
10
193/4 Mar
4
8% Jan
7
7
15% Jan
150% Feb 24
88
...
24
Jan
71% Jan 27
213/4 Jan 24
Feb
1
147
28
Jan
6
$ per share
$ per share
10% Jan
20
36 % Feb
11
44% Jan
7
$5
32
Mar
94
Apr
Jan
39 5/8
July
Dec
24%
Jun
25
Dec
18%
153A
15%
*35%
36%
36%
36%
36
36%
36
28
Jan
24
66% Jan
18
*106
106%
*9
17% Mar 17
22
90
Feb
2
10%
% Mar 17
85
Jan
14
38
Jan
3
40% Mar
20% Jan
3
22
7
$4.75
105 %
*105 Vs
105%
30%
30 V8
30 Va
30%
106%
193/4
193/4
19%
47%
47
443/4
44%
10%
9%
*102%
103%
11%
11%
•
44%
193/4
9'/a
*22
104
-
*103
11%
11%
105%
15,200
t
1,000
105 Va
31
*9%
*11 Va
9%
11%
19
1
19 Va
19
47%
46%
42%
4.2%
423/4
19%
.
200
104
11 Va
46%
42 Vs
23,100
22%
*103
47%
■*
9%
22%
•
19%
800
10%
<
9%
44%
600
f.
105%
10%,
104
70
V
31
'105%
•
23
-
105%
*30%
105
*9%
9%
4,800
!
36
11%
1,100
.1
3,100
2,300
V
11,200
.19% ; 19%
•
46%
46%
42%
42%
A .54%
54%
*
'
43
,
53
*1113/4 112
*111%
112
100%
*100 %
101
100
*107%
107%
107%
107%
153/s
15%
*98
100%
*107 V'' 107%
15%
15%
15%
35%
.
15%
35%
343A
>87
89
87
; 415/s
41%
99%
99%
35%
41%
•*99%
32%
g7
..
.
53%
98 34
9834
-*97%
99
50
22
22%
/J2134
22
6,100
24%;
24%
24%
112
*99
100%
*106%
15
333/4
'
*99
14%
32%
43
*99%
99%
99%
*86
14%
<
*86 V
88
1
10
v
* 42
%
42%
.
17,200
99%
*99 %
99%
V
>90
91
91
*90
92
*90
92
*90
11%
*10%
11%
*10%
11%
*10%
11%
*10%
11%
91
*89%
*89%
90%
*89'/a
*89%
90%
58 %
91
58%
*9%
11
59%
*9% -11
*27%
2734
*103
-
'
11
14
mx
14%
84
84
84
27%
26%
26%
15%
15
27
"*14%
:
162%
1593/4
305/8
30'/2
8%
*8 Va
8%
13%
*135
14
155
83
*69%
70
*69%
183/«
*17%--18%-
""*173/4
149
25
*24%
30 3/b
V"
*140
*13%
82%
149
*24
8
14%
•13%
*135
155
...
*
-
"V
13%
-•
155
83
70
69%
70 '
17%
16%
16%
143%
143%
24
24%
24
9,200
8V«
2,100
13%
13%.
155
1,800
.
V
;
'
82
149
~20
.
30%
7%
*135
82%
143 %
163
30%
•
8
*69
17%
*143%
8
*16 34
69%
20
2,600
1,400
144%
-
*160
30%
"
*135
4,200
14%
163
14%
-
14
144-
155
<•
14%
*160
•
13%
85
'
14
30%
1
900
>? 30
,
27%
*140
8
13Mm
*82%
27%
144
*16 %
243A
v.
,
»'■
273/8
163
30
69 Va
149
13%
85
'
!
27%
*140
8Va
V:
*82%
28%
115
:
j
9,600
'
■
103%
1033/b
2734
*160
82%'
70
*143%
25
*143%
*14
31
82%
:
13%
13%
85
*27
*102
1434
27%
144
*135
82% "f
%
82'%
*82%
■
15934
8
14% !"14%
14%
155
v
*139%
144
,"30%
*135
133/4
13%
14%
*159%
24
8334
84%?..,
/ *69%
■
.
4
»141
24
70
16%
!
;
400
:
50
16%
200
146
20
24
700
*233A
LOW AND HIGH •ALI PRICES
Monday
Mar. 14
$ per share
Par
115
*14%
*139%
8%
:
28
104
15
30%
-
26%
*102
27%
144
82
;
*103%
85
10
<
11
27
27 Va
162%
30%.
'•
593/8
*9
115
13%
*139 /
^
58%
104
:
••
11
*102
*82%
*159%
'
27
:
90%
300
<
11%
*89%
-
92
*10%
.
59.
*103%
27%
103 %
t *90
:
*9
115
*102
-1
58%
104
27%
*
'
92
■
'
133/4
•
*9
115
*10 2
*82%
V
1
58
11
104
*103V4
115
,
59
*9
27%
27%
■104
*102
58%
9,500
88
42%
•
*89%
58%
31%
7,900
99%
99%
90%
583/4
10 V
15
30%
200
:
42%
•
*10S/8.
91
10
100%
323/g
88
42%
600
a
1073/4
14%
33
32%
112%
*993/4
*1003/4
.
380
24%
*111%
1123/a
107 Va
15%
;
24%
•
100%
-
*1063/4
42%
42
100
*111%
107%
*86
88
*86%
41%
-
53 *4
22%
4
112
112
*111%
52%
99
52%
*100
Tuesday
/ V
Wednesday
$ per share
9%
*9%
9%
42 ■?
40%
40%
*9%
10
*9%
41%
41%
41
Thursday V
,
Mar. 16
Mar. 15
$ per share
f
Mar. 17
.
$ per share
?
*9%
40
Sales fur
/
the Week
$ pet share
Shares
■' ■■
9%
40
Friday
7 Mar. 18
;
$ per share
*9 %
9%
*9%
39%
40
•
9%
3934
34%
34%
*33%
34%
*33%
3434
*33%
34%
34%
100
10%
10%
10%
10%
*10%
10%
*103/8
10%
10%
10%
10%
10%
1,900
10
14%
14'4
14 Va
14%
.14'4
14%
14%
14%
14%
14 Va
14%
4,400
Co
:
6%
24%
24%;.;
61%
61%
19
19%
com
No par
Inc
preferred
Co
xl05
23
18%
153/8
353/4
47%
19%
47%
r,
*103
105 Va
10%
9%
*21%
13%
15%
•
'
>
*30'/a
106
*9%
9%
23
*21%
47%
44%
*105
106%
*9%
9%
23
46
1
Service
106
103/a
*9%
preferred series A—50
Industries
cum
106%
*105%
30%
*30
111
*109%
?.?•, 40
*33%
Procter Ac Gamble
Public
105%
*105 Va
30%
*
111
1
Pressed Steel Car Co Inc
conv
100
3,300
—No par
Electric Power
Publlcker
'
5
5
Co class B
4%%
8%
20%
28%
36
36%
■
Mar. 12
"
200
2034
18%
15%
Saturday
Plough Inc
Plymouth Oil Co
24
32 %
18%
15%
105%
25
,
8% Jan
81
110%
183/a
153/4
1
6
20
*108%
18%
15%
*105%
*30 i
1
14% Jan
28% May
110%
18%
1
100
3
Feb
*108%
18%
15%
*36
100
13% Jan
18
110%
153/4
11%
Pittsburgh Young & Ash pfd
*8%
28%
18%
.
14% July
3
*109'/a
19
*27%
£
2034
1
*108%
11%
Pitts ton Co (The)—
8 5/s
20'4
*27%
18%
11 %
Pond Creek Pocahontas
26
20%
28%
15%
*11%
Pittsburgh Ac West Virginia.
*8%
8%
.
19%
*27%
110%
5
preferred class A
:—100
5%% 1st ser conr prior pfd—100-
Poor Ac
63/a Jan
*8%
8%
203/8
28%
153/8
100
5%
12
22% Mar 15
8%
20%
*27
103%
preferred—No par
24
57% Feb
8 3/4
•18%
5
Jan
■
5,800
24%
12 % Jan
11% May
1,200
46%
24%
23
35% May
28%
46
20%
28%
*27
*102%
1
Pitts Ft Wayne Ac Chic Ry com—100
7% gtd preferred:—.—100
Pittsburgh Plate Glass Co—J—lo
Pittsburgh Screw At Bolt—
No par
Pittsburgh Steel Co com
No par
7% preferred class B
100
Potomac
28%
46%
*24%
10% Feb
36
29
24%
163/a May
3
28%
453/4
24%
46
Mar
1034
28%
46%
24%
Jan
Jan
*108%
100
convertible
18%
28%
45%
*24%
Dec
71%
28%
1033/4
No par
300
'
*102 %
—.100
7
46%
No par
10o
100
100
Feb
Jun
*8%
20%
18 34
*18%
7
28%
21%
12%
?
8%
205/a
19
7 Va
46%
98%
11%
Feb
*8%
20%
18 %
*7
*28 Va
22%
29%
Nov
*18%
*
19
21%
Jan
Nov
*18%
52%
$ per share
24
57/8
18%
new york stock
83A Feb
62 V*
300
^I/;/"- EXCHANGE
Highest
12% July
703/4 May
22 %
7%
98%
33
1-
*7%
Pitts Coke Ac Chem Co com—No par
Range Since Jan. 1
Lowest
Highest
93A May
7%
STOCKS
Year 1948
$ per share
7%
*27
Phillips Jones Corp com——No par
5% preferred
100
Phillips
Petroleum
—No par
Range far Previous
Lowest
7%
9%
26
Jan
7%
*21%
28
10
7%
9%
Jan
Nov
7%
22 %
144 % Feb
35% Jan 21
7%
100
Pillsbury Mills Inc common
$4 preferred
170
*7%
9%
26
Mar 16
7%
183/4
Pittsburgh Forglngs Co
Jan
1,200
22%
7
30
12%
47%
163/4 Jan
159% Mar 15
12%
29
3
142
12%
22
24
'
12%
52%
32% Jan
30Q
12%
47
Hosiery
25
7%
123/s
28
preferred
*24
*6%
12%
*7%
Corp common
3
33A% preferred series A_——100
Philip Morris Ac Co Ltd common—5
series
7
12%
93
Phoenix
14% Mar 14
73/8
12%
——100
20
103% Mar 18
*7
12%
28%
13% Mar
Apr
July
39% Jun
26'A
8
73/b
47%
preferred
2,300
10,700
133/s
47
Reading Coal Ac Iron
3.60%
*23%
24
100
2%
27
26%
'
>7
7
$1 div
4%
*23%
2%
'
43,606
*123/4
28%
Pitts Consolidation Coal Co—:
169
170
24'4
2
155
Feb
24%
7
Dec
Feb
23%
Feb
Dec
Jan
23%
7
Jan
Feb
10%
24
85
30
73%
24
32
157
140
24
3
138
7%
2%
26%
26% Mar 14
36% July
23'% Jun
Feb
2%
26 3A
Pitts C C & St Louis RR
July
93
-
2%
103/4 Jan
Sep
Mar
12%
•
11 Vt Jan
14% May
-
91
Jan
103/a Feb
89% Mar
Jun
98%
110
f,
88
18
Mar 14
41%
26%
Phllco
87
21%
41%
23/B
21%
Phila Ac
8
*39
26%
52%
7
7
103%
21 %
2%
98
19 y8 Jan
Mar 16
*102 Va
26%
preferred
43
7,200
•2,300
2%
preferred
883/4 Feb
6%
17%
17
26 %
22%
4.3%
40% Jan
42
53
4.4%
7
*39
99
3.8%
30% Mar 18
21%
42%
100
6%
21%
*102%
21%
16%
103/4
42
103 %
20%
*39
300
2,700
98 Va
103%
*102%
21%
17
13%
543/4
5434.
*97%
6%
103 %
22
7
843/8 Jan
6%
*
20%
98%
5
37% Jan
G%
*102%
*52%
31
Dec
11
Co
Jan
July
f
2%
No par
1
25
preferred
50
101
39%
\13%
•16%
:
No par
common—No par
$6 preferred
Electric
6%
14
54%
17%
42
18,100
98%
'
26%
Co—
Co Inc
14% Mar 17
Nov
87'A
Ac
108% Jan
25% Mar
91
Brewing
(Chas)
7
112% Mar
*39
9%
54%
23/8
4%%
Phila
42
No par
3
8
21%
1,500
9Vs
•"
34,700
*97%
26%
Co
Jan
98
103%
21%
*13
2,300
4
54%
263/s
preference com
preferred
110% Feb
Jun
Jan
Mar 12
*102%
21%
17
14
3%
36
3%
98%
54
*97%
7
6%
■•V
*13
3%
36
9%
26%
Co common
106% Jan
Jun
Sep
54% Mar 18
103%
-
33 %c
64% July
Dec
7%
17%
13% 1
33/4
2%
preferred
1
Petroleum Corp of America
Eastern Ry
20 Va May
Dec
98
3%
*36
*23/8
Pepsi-Cola Co
1
104
54%
98
6%
10
19
Milk
53%
*17%
*39
com—No par
'
100
Jan
Pet
*13%
7%
3%
37
1
.
Feb
93
.-1
Co____.
233/4 Feb
10
13%
99
17%
20%
3%
37
54%
*97%
634
*102%
.
Light Co
—No par
Pennsylvania RR_
■
50
Pennsylvania Salt Mfg Co com—lo
3%% conv series A pfd
100
Peoples Drug Stores Inc
5
Peoples Gas Light Ac Coke_
100
Dec
48%
.—1
33/4
38
13%
97%
*17%
Penn Power Ac
Feb
20 y4
l
3%
*37
54
5334
97%
No par
:
14
53%
•
No par
Cement
40%
Jan
*13
No par
-100
com
Coke- Corp
Ac
44%
17
'9%
Inc—
Glass Sand Corp
14%
7
9%
No par
Feb
10 3% Feb
9
kl
102
5
9%
Co_1__J—..2.50
May
17% Jun
Jan
9
38
-
--No par
21
104
9%
l
Jan
Mar 11
9%
Penney (J C) Co
Jan
Nov
9%
preferred—._10o
Penick & Ford
Nov
$2
9
Mines
15%
106%
2%
Transp—5
Transportation—No par
Ac Enterprises,.
—5
Peabody Coal Co common
;—5
5% conv prior preferred
25
Patino
34% May
Mar
4
38
Parmelee
21%
Apr
3%
Parke Davis As Co
Feb
35%
3%
Consolidated Mines
Dec
111
3%
Park Ac Tllford Inc
Dec
4
3%
i—
Paramount Pictures
15'A
112
Pipe L
Inc
Cos
27
8% Mar 15
38
3%
Corp
Ac
preferred
4%
7
27
>
3%
com
24% Feb'
8
3%
39%
3%
Refining^.
104% Jan'
2
3%
38 %
Paraffine
18
7% Feb
4%
37/b
3%
Panhandle Prod Ac
8
Feb
Petrol
Panhandle East
*334
10
No par
American Airways
Pan-American
l
3%
Car
7
Jan
23% Mar
Jun
Pan
Motor
7
8% Jan
20
Jan
May
Packard
102 % Jan 27
24% Jan
Jun
'
16%
3
1% Feb
May
Vi May
33% Jan
2
Jan>
8
19"% Mar
Mar
34%
Feb
16
Pacific Tin Consolidated Corp_
Pacific Western Oil Corp—^
of
5
com
—No par
Colorado—20
6%
89
14
63/4
6 Va
6.% &
35
*34
6%
6%
6%
*6%
*22%
24%
22%
22%
*22%
23%
23%
23%
*22%
61%
61%
61%
61%
■:" 61%
61%
61%
63
18%
18%
183/8
1834
17%
18
17%
18%
'•
6%
6%
■
'
r
63/8
2,400
V
24
400
63
>:
1,800
63
18
18 3/s
3,500
:
:
7,100
*88 Va
89%
89%
89%
89%
89%
90
90%
90%
90%
170
40%
40%
40%
39%
39 %
39%
39%
40
40 Va
40
40%
5,600
2134
2134
21%
21%
21%
21%
21%
215/«
21%
21%
22
".
27%
27%
6,700
6,800
89
i 40%
'
Mar 18
Pub Serv El Ac Gas
3
Nov
30 % May
53;
Jan
Jan
32%
30% Feb
25
34% Jan
7
Pullman
x25 %
Feb
42
25 % Feb
5
31% Jan
8
Pure
101%.
Feb
6
108% Jan
26
x25
Feb
33
17%
Dec
25% May
>
May
108%
Sep
July
26
107
Jan
283/s Feb
21
$1.40
dlv preference
.
Inc.
Oil
5%.
com—No par
•
com__No par
27%
27%
27%
27%
273/4
27%
27%
27%
2734
No par
31%
31%
31%
32 Va
31%
31%
31%
31%
31 'A
333/4
No par
2934
30
2934
30
29'4
29%
28%
29%
29%
29 s/8
29
293/8
107 %
108%
108
*107
108 Va
*107
108 V*
27
*27
27%
27
-—:—
(The)
213/,
common
;
27 5 a
*
Jan
10
preferred
Purity Bakeries Corp
No par
*26%
27%
*26%
27%
26%
26%
17% Mar 17
20% Jan
14
Quaker State Oil Refining Corp_10
18%
18%
*17%
18%
17%
17"%
26% Mar
5
28
conv
100
:
*107
108%
*107
108%
*17%
108%
27
18 Vs
17%
,
V
32%
33%
10,000
■i"
15,500
:
300
900
18%
500
12%
12%
31,900
72%
17%
27
72%
'
*17%
R
7%
Feb
15
Jun
11
Feb
24
14% Jan
7
63%
Feb
70
Jan
3
74% Jan
22
6"%
Oct
753A May
ll3/8 May
9% Jan
10
Nov
2534
Dec
22%
Feb
x36
July
26% Jan
31
Jan
35
May
313A Mar
1634
Feb
27% July
Jun
34%
Jun
92% Jan
26
$3.50
1st
preferred
Radlo-Keith-Orpheum
Ralston Purina Co 33A%
29
Jan
19
"30% Feb
4
343/4 Feb
Jan
3
Reading
24
233/a Jan
7
36%
Feb
45
Apr
x373/4 Feb
15
43
Jan
3
Feb
39
Jun
31% Feb
10
36
Jan
7
10
Dec
15% May
10'A Jan
3
101
Jan
106
Nov
Dec
18
May
12% Mar 16
4%
4%
Real
7%
Jan
7
Jan
31
203A Feb
11
233/b Jan
25
Reed Roller Bit Co
14
13% Feb
18
Reeves
Reis
8
Dec
14%
173/4
Dec
25
8%
Dec
V* May
13% May
Dec
66
52
Jan
5% Mar
183/4 Jan :
4
4
8% Mar 17
8% Jan 27
21*>.
Mar
7
9% Jan 24
Dec
Aug
15% May
51
8%
78%
Dec
99
Aug
783/8 Jan
4
83% Feb
10%
Dec
29 3A
634
Feb
2 % Dec
3
Jan
Jan
8 3/4 Feb
25
12 5/s Jan
63/a Feb
25
11% May
33% Oct
U1 % July
15
Dec
£2%
Feb
21% May
102
For footnotes
Oct
see
3
5 S/8 Jan
4
23% Feb
25
1033/4 Mar
9
12%
'
12%
6% Jan 31
273/a Jan
-
Inc
7
Jan
31
13
Feb
5
16% Jan
12
Mar
8
99% Jan
5
73
8
12%
12%
12%
.12%
*72%
73%
72%
73%
8%
95%
*27%
28 3 4
1
*33
21%
'
8%
*94
27%
28%
No par
•
95
*27%
8%
8%
8%
12%
12%
72 Va
21%
*
72%
8%
8%
40
•"
35
1
/
12
*100'A
105
<
*100%
12
.,
27%
28%
28
28 '/4
27%
28
33
33%
*33
333/8
,32%
V
21%.
21%
*20%
21
42
42
*41
34%
34%
34
123/4
12%
12%
'
8 3/s
/
36
>:
<
105
*12
*100%
*100%
27
27%
27
•
v
*94%
273/4
27%
26,200
95
273A
*32%
*20%
300
,
2,600
33
21%
21
21%
43
42
42
*41
*33
34%
%
*33
34%
*11%
12%
•?
*11%
600
43
34
12'A
105
*100%
105
x21 %
21%
105
27%
800
8%-
*27%
33
12
12
12
95
27%
,..12
*21%
21%
*94%
28 %
40
i
13
*21%
95
21%
40
*34
35
*11%
50c
*94%
.
27%
21%
-
95
(
29%
*33
'
*94
:
34
283A
33 %
*38
No par
73
8
*94
-
i
div prior preference
Stores
Corp
Reliance Mfg Co common
Conv pfd 3%% series
Remington-Rand common
preferred
Motors Inc
Republic Aviation Corp
Republic Pictures common
3% Mar
110
$1.25
Reliable
Reo
*
93
page 28.
12%
73
213/4
21%
21%
*21%
22
12%
12%
12
12%
*12
12%
,
*100'A
*21
12
500
..
300
500
,
200
•
105
21 Va
900
12
3,900
(Robt) Ac Co—
$4.50
8% Jan
2% Jan
Feb
NOV
10
5% May
Jan
5%
543A Feb
133/a May
103
223/8
Mar 17
83/4 Mar 10
Bros
8
——25
common
11% Jan
106
;
aA
50
non-cum 1st preferred
50
non-cum 2nd preferred
50
Silk Hosiery common
—5
preferred
——100
Co
*72%
1
pfd—100
Raybestos-Manhattan
Rayonier Inc common
$2 preferred
31
11%
12%
par
No par
—
953A Jan 24
193/4 Feb
105
of America com—No
'
;7% Jdn
89
98 %
Radio Corp
10
*5 %
♦
No par
*21
5
100
*9
*53%
8%
50c
—25
*77
9%
533/4
9%
80
....
*5%.
.6
_
22%
*21
9
9
*52%
8%
53%
v
9
80
*77
5%
6
6-,.
*53/4
5%
22%
*20%
22
*21
*8%
9%
8%
9
8
*52 3/8
533/4
*52%
*21
8%
*77
'
834
8%
80
*77%
51
5334
8%
80
r
6
22
V*
8%
*77%
8%
51
8%
80
5% V. 5%
*21
8%
*50
8 34
8%.
9%
9%
9%
9%
834
9
7%
7%
7%
7
7
7
7%
■I ' 7%
7%
7%
6,000
73/8
3%
3
3
3
3
2%
2%
2%
2%
2 34
2%
*6
6%
6
Va
24%
24%
24%
*103%
105 %
*103%
10
6 Va
24%
105
*9%
6
24
*9%
9%
'
6
24%
1043/4
1043/4
13%
*
110
8%
80
93/4
*3
50c
1,500
52
*77%
7%
1
400
22
*9%
1
$1 convertible preferred:
10
Republic Steel Corp com_
No par
6% conv prior pfd series A
100
Revere Copper Ac Brass com—No par
5% %
preferred
:
100
6
23
133/4
133/a
133/4
13%
13%
93 %
94%
*93%
94%
93%
94%
6 %
24
1033/4
13%
*94
6%
:' 6%
6%
24%
24%
24%
IO33/4
*103%
1043/4
133/B
13%
13%
05
94%
94%
6 Va
24
104 Va
4,300
3,000
6%:
900
24%
8,500
104%.
13% .13%.
*94
1,800
•
95
300
*
-
2,300
■
30
26
19'A
Nov
•
53A
4% Jan
Va Apr
8
41%
33 y8
Dec
43
Dec
50
80
Oct
94
103%
...
Jan
25
7
45
Jan
3
90
Jan
34% Jan
85 'A Jan
102% Jan
4
24% May
103%
Dec
37
3
>
Dec
17
Dec
16% Feb
Jan
49
Jun
24% Jan
17%
Dec
28
Jun
18% Feb
23
4%
Sep
6%
Feb
19%
>
..
26
Richfield
21
Ritter
12
Jan
4
5% Jan
5
7
10% Jan
*89'A
Roan
7
x
Oil
17%
17%
29%
—1
Co-
Corp.——_—No par
4%%
com__1
Controls
Robertshaw-Fulton
22
Feb
t
25 % Jan
21
Jan
4
25% Mar 15
25
18% Feb
3
Royal Typewriter
8
Ruberoid
3
55% Jan
Dec
72
May
49 % Feb
16
8'A
Dec
18%.
Jan
8% Jan
3
Dec
Jan
16% Jan
3
19% Mar
107%
39%
Sep
Feb
.
No par
Co
S
36%
36%
36%
wf; 5%
5%
600
36%
|
6
,36%
36%
36%
8,400
51
12%
bd
43%
*43
89%
*89%
89%
89%
89%
400
105%
105%
105%
105%
105%
550
89
43%
,43-
17%:
17%
17
17%
27%
28
27%
28%
20
*1'8%'
19%
29 y8
28
28%
19%
19%
19%
*4%
4%
4%
4%
4%.
4%
8%
8%
8%
8%
8%
*23%
24'%
17%
17
16%
17%:
40
,
900
'
28%
.28
i
11,200
'
4%
8
a
8
%,;
*19
19%
**18%
I
4% '
300
4%
2,900
8%
8%
'3,700
*23%
24%
-
,
25%
23 Va
25%
25%
*23%
25
25
25y2
24
24%
24%
24%
24'%
17%
17%
900
'
%
*43
89%
105'%
*17
15,300
20%
103 Va
21%
105'%
43%:
89%
105'A
<
4%
4%.
20%
*101%
*5%:
€
"5%
Sharks
103
*'23%
24%
25%
12%
—5
ey8
■
*•43
89%
8%
51
*
36 V*
43%
105
6
21%
*101%
for
the Week
$ per shbrt
5 %
47/8
22
103
103
Sales
Mar. 18
17%
25
*17%
.•
V
5
4%
*21 y2
103%
Friday
Mar. 17
$ per share
19 'A
4%
9
24%
1
(The)—!—
Ruppert (Jacob)
12% Mar 12
16'A
conv
;
Thursday
Mar. 16
$ per share
28%
.
4%
*23%
Ron'son Art Metal Wks Inc_,———2
17% Feb
Wednesday
21%
21%
>101%
36%
89%
HIGH SALE PRICES
5
4%
:•
6
105
19
9
*
.—25
preferred—
29% July
% Nov
19 M
4%
5
AND
Mar. 15
$ per share
22
43%
43%
29
v
''
102
>
36%
90%
Company
1—1-No par
Antelope .Copper Mines—-—
.
6
105%
27% May
Mar
54
*43%
<*105%
Rheem Manufacturing
13
30% Jan 21
36%
-,-10
24
Feb
15% Mar
17
1
4.50%
102
6%
36%
6
>>
.
$ per share
4%
*'21
4%
5
<■21
22
* 105 "105%
series
100
series—_-100
3.60%
Preferred
4% Mar
July
(R J)
Common
_
*
No par
,
Preferred
8% Feb
IVs May
12
Reynolds
5 /
19% Jan
3
>
—-2.50
—1
Tob plass B—10
Reynolds Spring
Mar. 14
^
$ per share
Par
«
.
31
105% Jan
23
15%
'
,
convertible preferred—100
5V2%
6
7
.
.
Reynolds Metals Co com_
3
6% Jan
25
42% Mar
Jan
Jan
Jun
,
26
war.
Monday, March 21, 1949
Tuesday
Monday
Saturday
,'.7/..
Rexall Drug Inc
6
Jan
23
103% Feb
Feb
5% Feb
99
Jan
11% May
Dec
share
5% Jan
15
19% Feb
1043A
Mar
92
May
8
29
$ per
$ per share
$ per share
Dec
LOW
STOCK
EXCHANGE
Highest
Lowest
Highest
YORK
NEW
Range Since Jan. 1
Year 194K
S per share
CHRONICLE
FINANCIAL
&
STOCKS
Range for Prevloua
Lowest
43A
COMMERCIAL
THE
(1242)
17%
17%
17%
17%
17%
17%
17%
*17%
52
51
51%
*50%
52
52
52
51
51%
12%
12
12
*11%
12%
*11%
12%
11%
11%
19%
xl8'A
xltl
1'8%
18%
"51
*
25
5,100
'
'
17%
500
'
700
*
12%
1,200
4
'
21%
dun
113
61%
Jun
40
Feb
Feb
487/a May
67
Jan
139% May
58
Jan
101.
113% Feb
16
48 y2 Jan
3
Jan
Feb
8
16% July
8%
32%
5
Mar 18
111
24
*42% Jan 26
36% Mar
Lead-
Joseph
—
*98
88
*86
90
*86
90
May
95
Jan
93
Feb
9
x96
Jan
13
Nov
93%
Apr
89
V2 Jan
7
5
8%
88
87%
15 y2
Feb
85
12%
Dec
15%
Jun
Oct
87
Apr
13%
Feb
26% July
14% Feb
44
Feb
62 %
Jan
91% Mar
'
•
.
14
Jan
Feb
7
18% Jan
7
A
8%
8%
8%
8%
8'A
*82 V*
84%
*82'A
84%
10%
*32%
v8
8%
8%
8%
*82'A
84'A
*82%
84%
a
8%
,84%
*48
10% ;
48%
*48
10 %
95,
*93 y2
95-
*93 v.,
95
*93
95
*94
*91'A
92
91 :
91%
*91
91%
*91
91%
(The) common—5
13%
13%
14
13%
14
85
*84
85
*84
100
6,900
49
94
91
91
13%
96
92
3,35% preferred
1,900
26%
93 %
*93%
13%
10%
26 %
13%
'
*91'A
pfd
7,400
48%
49
—100
:
Co 3.65%
Elec'Co
84%
26%
26%
48'A
.'•
10%
10
,
8%
*82 Va
•
10 %
10%
26'A
49'A
10%
40
>
8'/2
26'/a
1Q%
26%
*48%
/
27
26%
•:■"
49
26%
49 V4
10%
10%
10%
26% :~27%
49
No par
$3.40 preferred
Scranton
20
86
91,
*85
No par
Co common
Scovill Mfg
8
3
49% Mar
•.83
>
7
5
Jan
12
79
7
27
12% Jan
10% Mar 14
Aug
Jan
900
102
88
NOV
9y4Jan
8
5,900
37%
101
91
39% Mar
7% Feb
80 V2 Jan
37%
*97
*85
Scott Paper
13% May
91% May
37%
100
91
12
Feb
Feb
37%
37%
37%
100
*85
18*
8
79
>.
100
2,900
8%
101
Jan
19
8%
101
30 % Jan
Jan
4,200
-
40
105
49
91
37%
v;
38
6
16
37%
9
-
*102
24
Feb
9'/a
8%
38%
40
38
25% Feb
87
Jun
9%
9%
9%
9%
St Louis Southwestern Ry
25
8%
874
8%
41 %
41
42%
42
111% 111%
%
104
46V4Jan
Jan
42%
42'A
18 %V
111
38
51
122
43 V*
112%
*111%
112
112
104
35% May
24
43
19
19%
19%
112%
v t c_— 100
Preferred series A 5%
25% Mar
Feb
*112
*43
Co—100
5% non-cum preferred.
-100
St Regis Paper Co common
—5
1st pfd 4.40% series A—-—-100
Savage Arms Corp—
:——5
Schenley Industries Inc
1.75
100
'
112%
43%
*112
St L-San F Ry Co com v t c—No pur
12 y2 Jan 25
3
/ St
19%
19%
19'A
19'A
5
100
-10
Safeway Stores common—
5% preferred
8
:
13%-
*84
85
*84
85
*84
13%
13%
13%
'
*84
85
400
40
,
210
3,200
85
'
Jun
11
55
4
Jan
Feb
20Va Jun
16% Jan
4
35%
Feb
59y2 May
36 y4 Feb
7
5% Jan
27
34 y* Feb
15
39% Jan
8
11 y2 Jan
8% Oct
Mar
31%
43 V4
Feb
9%
12% July
8% May
14% Jun
Dec
5%
Dec
9V2 Dec
104
Feb
94
Nov
x9% Mar
Jan
97
Feb
Jan
32
Feb
79
Deo
77
Dec
15%
Jan
68
9
•
Mar
12
28%
4%
Dec
Dec
44
31% Feb
25
36% Jan
11
Jan
7
127% Jan
7
18% Feb
8'
21% Jan
20
7
25
18
Feb
25%
23
Dec
35% Jun:
Oct
Feb
27%
Dec
39% Jun
27y8 Jan
Dec
90
84'A Jan
17
Apr
91
Sep
98
Dec
26
95V2 Jan
July.
15y8
Jun
11
Jun
15
Feb
Jun
99
Mar
5
May
23
8%
5% Mar
7
7%'Jan
Oct
Oct
11% Feb
.16% Jan
3,7 V* Jan
24
4% Jan
Feb
18
26
28% Jan
3
x39% Feb
24
58 %
Feb
70
Jun
'34
July
Jan
39y2 Jan
22%
22
22'A
21%
22 y«
21 %
10
20% May
7% Jurr
4% Jan
8% May
68
Jan
x7%
44
*43
54%
*54
55
Southeastern Greyhound Lines
5
South Porto'Rico Sugar com_No par
*12%
12%
12%
12%
12 V*
12'A
12%
12%
29%
28 >/2
29'A
28'/8
28%"
8%
Edison
California
5%
24 y4 Jan
Spencer Kellogg
27% Jan
Sperry Corp
7% Jan
3
8% Feb
38
29%
29%
31%
31%
31%
41 %
42 V8
41%
42 %
41 %
41%
9,000
35 V's
3 4''A
34%
35
35%
35%
35%
4,200
54
54
54
54
54
54
53 y2
53%
53%
53%
53%
53%
600
*62'/a
64%
*02 %
64%
*62 Va
64%
\
64%
*62%
100
*62%
LOW
No par
7%
8
*66%
67
15%
*15'A
16
*25%
26%
267/a
26%
*26
26%
16
98'A Jan
Oct
109
Jan
3
4
56% Feb 11
109% Jan
13
122% Mar 18
67% Jan
8
$3.50
preferred—
Co
7%
Brands
8
103
*102 '/a
103
102%
103
102 'A
19%
19 %
19%
19 3a
19Va
*84%
85
124%
*84%
24%
25%
prior
preferred
No par
108
108
108
prior
preferred
No par
120
120
120
607/8
60%
California—No par
of
61
62
42%
>
108%
120
119%
120%
120 %
60%
61%
61%
61%
41%
,41%
-41
42
41%
Feb
53
Jun
36% Feb
42'A Mar 14
Standard
-1
25
41 y* -41%
41%
69 Va
Feb
92%
Jun
65% Feb
7
741/4 Jan
7
Standard
Oil
of
New
Jersey-1
25
69 Va
69 %
69%
69%
68%
69%
68
Nov
35
Jun
22% Feb
25
26% Jan
7
Standard
Oil
of
Ohio
common
10
24'A
24%
24%
24%
24%
24 %
24 Va
89
Oct
97% Jun
Jan
4
36%
11%
Feb
15%
38
Feb
97
Nov
25
16%
Jan
18
17
9
44
Jan
24
"31% Feb
11% Mar
15% May
10% Feb
5
32 y2 Mar
39JA
Jun
35% Jan
3
97
Jun
94
6
Feb
88
23%
Dec
12y8
Feb
36 y*
May
16% May
Jan
38% Jan
13
Jan
7
18
38% Mar 15
100
Jan
27
24'A Jan
3
28 y4 Feb
18
Feb
14
14% Jan
7
Jan
25
12
11%
Dec
18
Jan
9% Jan
3
10%
Dec
93/a
15
20
Jan
;15 y4 Jan
4
17% Mar 14
Jan
16 Ve Mar
(J P)
Corp
Stokley-Van Camp Inc
5%
6% Feb
7
Jan
8
26
60
Jan
3
17
119
Feb
24
24
11% Jan
8
16% Feb
25
17% Jan
13
Jun
X17V4 Feb
24
19% Jan
7
July
36 Va Feb
14
40% Jan
13
8 Va Feb
17
9% Jan
6
Feb
7
Jan
11
Dec
26 Vs
July
52 Va Feb
117
11% Mar
19%
18
Feb
10
18%
235
7% Jan
94
Jan
Dec
43
90
x9% Feb
17%
120
'•
Jun
Jun
44% Jun'
16% Jan
145
12% Mar
31
For footnotes see page 28.
3
Mar 16
714 Feb
25
168
14% Jan
12
Sun
Chemical
38
*97
98%
;
1
t
■■
11%
11%
*11%
11%
*11%
11%
11%
*11
11%
38 %
38%
38
*96
" 38
98%
98%
*96
17%
B_
Cq_„
,
,
Jan
7
Sutherland
5
Sweets Co of America (The)—4.16%
;
10
19%
18%
18%
18%
18%
7
7
7
7
95
*93
95
*93%
*56%
59%
*57%
59%
57%
57%
119%
*118'A
119%
*118'A
119%
10%
10'A
10%
16%
*16%
16%
*8%
*159
13
*31%
*8
118%
10 %
*16%
18%
18%
18%
18%
38%
38%
8%
8%
8%
162
13
32
8%
160
13
160
13
*155
164
„
1,500
1,700
119%
150
10 Va
10%
9,100
16%
16%
16%
500
*118%
18 '/a
18%
18%
18%
38%
38
38%
1,000
8%
8%
8%
2,900
*153
155
163
12%
8%
58
38%
31
„
6%
95
8%.
12%
*8ya
118
58
16,700
10%
'
31%
6%
*93%.
...
18%
31
8%
18%
38%
13%
31%
18%
' 8'A
31%
*8%
300
2,700
10%
'■
?
:
13%
*31 y2
r
2,900
14%
18'/a
38%
8%
7
95
.58%
1
10%
17%
14%
*17
:'y
38 %
18%
*38%
9
18%
_
4,000
1,300
*16%
16%
38%
->
118
118%
10 Vs
16%
*16%
,*57%
57%
10%
10
*93%
'95
57%
118 Va
6%
6%
x6%
*93
"
12%
10 V2
17'A
14%
100
.400
3,800
26%
12%
":j
:
97 %
26
10%:
14%
7
*38%
10%
*17
17%
-14%
95
*18%
•
*
17 Va
-
...
38%
*96
12%
•14%
7
■
10c
50
20
10%
12%
'
26
14%
*16%
?— 25
Superior Steel Corp
15'/a
19%
12%
38 lA
38%
97% V-
25%
'
17%
14%
10V4
25
California
15
25%
10'A
10%
10%
*17
*93
2—12.50
38 Va
*96
97%
'
10 y4
Inc
11%
38%
'38%
*96
17%
series
Paper Co
34%
10%
9% Jan
36
34
2,900
42'/a
*33 %
17%
preferred
of
*42 V4
10'A
4V2%
Oil
42 V2
34%
9%
25
Superior
*41%
*16%
series AJ
7,400
15
*32%,
1
*
14%
42%
-
xl2%
v
24
15%
■.15'
3,700
loo
34 %
%
25%
1
.
*41
12%
10Q
17,000
24
*98%
*32%
12%
No par
common-
68%
68 %
68%
24 Va
35
25%
1 /
22,800
42 Va
12%
No par
11,100
40%
*33
25%
15%
61%
*41'A
12%
19% -19%
122%
40 V2
42%
25%
15
1,000
34
12%
5
-
30,900
61 %
;
100
*98 %
15
25%
1
;;
common
pfd—
Biscuits
15
12%
preferred
Sunshine
100
15%
15
a
68
23%
*99
100
25%
4V4%
Sunshine Mining
15%
*99
25%
"
common
Class A 4%%
*37%
No par
Corp
Sunray Oil Corp
*11%
-12
-
(The)
34%
*33
100
68%
24%
,
20
1___
common
$4.50 series A preferredSun Gil Co
15 Va
*41'A
5
prior preferred—
Jan
7
15%
■42'A
i_100
.—15
& Co Inc
Studebaker Corp
15% May
21% Jun
Dec
Stevens
Stewart-Warner
15%
*41V*
1
___i
Stone & Webster
Jan
8% Nov
Inc
*99
1
No par
-
15% Mar 12
Feb
Dec
Stores
21% Jan
9Va
13%
Bros
100
50
common
preferred
Sterling Drug Inc common
3V2% preferred
10
113%
Dec
Sterchi
*99
i_100
(The) L S—
25
liy8
Mar
Starrett Co
12% Feb
98% May
70% Nov
9
Spring
16% Feb
Dec
140
Steel
convertible
Jun
Nov
34% Mar
Indiana
preferred series A
Standard
4%
of
18ya July
6%
50 y2 Mar
3%%
Oil
29 V*
9iy8
31
Mar 10
Feb
14
Oct
41% May
100
41% Feb
43% May
36%
8
450
25'/a
120%
120%
62
23%
85'A
109 %
25
109
%
330
5,900
109%
108
40
500
19%
84'A
25%
108
61
3,900
'
26
103%
19
85 %
25
25%
108%
119%
120%
Oil
19%%
85
85
.24'A
25
24 %
200
67%
f
*103%
103 »A
19%
108 %
108%
$7
j
*84%
85
84%
85
600
3,900
6,700
15%
15%
26
26%-
103
19 Va
24 Va
L-L—'
8%
67
15%
"
27%
.
8'A
67 V2
-26%
102 Vi
19%
-
27
\
'
19 V8
pref—No par
;• %
8%
8
15
15%
26%-
*102%
$6
Standard
15 %
'26%
No par
com
-
Standard G & E Co $4
27%
4%
72
*66 %
66%
66%
67%
66%
No par
Inc
preferred
7%
27%
200
22
6
8Va
8
400
1,400
71%
*21%
27'A
26%
8 Va
*70%
22%.
*4%
22%
*22
27%
xl5%
100% Feb
Standard
22%
27%
66 3 8
Jan
6
22 %
27%
16%
Nov
25% Mar 17
22%
27 v2
15%
95
88% Jan
22 3A
27%
66%
Squibb (E R) & Sons common
$4 preferred—.
;
JNo par
21% Jan 10
23
-
4%
:
•21%
*70%
'
72
*70 %
Shares
!
4%
4%
4%
*4
4%
72
*70%
5
1
26% Mar 14
3
*4
4%
72
No,par
5
20
*4%
*70%
4%
27%
23% Feb
28
4%
*4%
4%
4V2
11
*10%
11%'
*10%
4%
4%
4%
4%
11
11
11
11
11%
*22%
Jan
83% Jan
*11
galea for
S per share
$ per share
share
the Week
Mar. 18
Mar. 17
Mar. 16
$ per
Friday
Thursday
Wednesday
S per share
share
32%
HIGH SALE PRICES
1
—
29 V*
17% Jan
75
*70
$ per
AND
Mar. 15
1
2
& Sons
Aug
18 Va Jan
.
4%
*4%
1
21%
Jun
5
*4%
:=:
No par
Spiegel Inc common:
Jun
-11%
*11
1
Squar~ D
Jun
Mar. 14
$ per share
647/a
Tuesday
Monday
Mar. 12
-
*62%.
64%
Saturday
16% Jan
91 %
•6,400
32
'43
34%
70
27% May
1,900
42 y4
7
29%
30
31%
5
Oct
200
29%
35%
Jan
Nov
,
43 Va
14% Feb
79%
*37 V2
29%
32%
May
17%
38%
2f%
35 Va
May
10314 Mar 17
38 %
*37%
42%
74
Oct
38
30 Va
31%
23% May
73
38%
30
35%
14
109%
*37
30'A
43%
Feb
■
2,000
32%
(The)
$4.50
800
•
35%
15%
Conv
>
28%
43
61 Va Mar
121
38%
100
$5.5o preferred
7
200
-
12%
28 Vs
28%-
32
Spear & Co common:
24
Feb
%
29%
28%
7.50
Withington—
Feb
Jan
38
common—No par
(A G) & Bros Inc
24% Feb
Feb
38
30%
Par
21
y2
29%
*30
YORK STOCK
Jun
55
*121/4
*
No par
Co
S per share
Sparks
1,600
9,600
V syfaP-J
44
*54%
900
-
*
29
EXCHANGE
Spalding
'
>
7%
7%
'*43
12'A
12'A
22,600
32
Mobile & Ohio stock tr ctfs-
Highest
*42'A
;
32'/a
preferred
non-cum
29%
7%
8 Va
44
*37%
25
—25
preferred
NEW
Feb
:
*
70
300
-
•
3%
:
3'/a
•
44
*53%
30%
64
7%
7%
■:
99%
99 V2
•
3%
7%
16 Va
-
16%
15%
■
>
?%
*42'A
Jan. 1
Jan
99
3%
8
26
5
*15%
•16%
x99
29%
V 29%
.
16
15%
16%.
99%
44
29% Jan
54
16
55
Dec
97%
16%
55
Feb
86
16%
16 y8
55%
Jan
71% Mar
*15%
*15%
55%
61
3
>16%
16%
16%
*42'A
24
24
100%
*15%
700
88'A
*98 %
56:
Pacific
6ya Jan
*86 %
v
29 %
44
Railway
7
•
100%
*42'A
Southern
13% Jan
88'A
*98'A
*55%
Southern
10% Feb 15
4V4 Feb 25
*86%
.-50
Southern Natural'Gas Co
$ per share
29%
88'A
98%
3%
7
<
29%
99%
Southern
400
1,200
98'A
16
8
20
22
19 %
22
*86%
16%
.8%
200
2.000
116
'
*29
16
-
1,200
23,800
21%
115%
*
2,100
'
25
35
21%
20 I •
22%;
22
i'3%
3 Va
25
88%
3%
20%
Dec
100%
8
2,000
29
99 Va
preferred—:
6,300
5'/a
98 '4
29
3%
conv
34%
5 Va
98%,
88'A
100
99%
22
19%
*86%
100
3%
-
34
*86%
29
29
88%
99 %
5% %
13
*34%
117 %-
.;
3 V2
4
9
'x
21%
*19%
22
22
99%
South Carolina E & G Co com-4.50
5%
preferred
;
:
,—50
»
3%
24%
117
-
20
*19%
3%
7
66 % Feb
117
99%
Jan
4
29.
29
*86%
"V:
36
21%
21%
117
v
.STOCKS
Highest
119 JA
118
121
118
*3%
33y4Mar
Lowest
$ per share
104
118
99%
41
Range Since
Year 1948
7 Va ' Dec
22
-
*34%
36
*34%
16%
49% Jan
64 y2 Mar
Jan
35 %
pfd—.100
1
Corp 4%
Solvay American
Range for Previous
73
34%
16%
4
Mar
50% Feb
35%
South Amer Gold & .Platinum
8'/8Marl2:
13
Jan
62% July
24 34
116 %
■"
5%-
'3*4
Socony Vacuum Oil Co Inc—J—15
»■'
11
40
50 %
3'A
24%
*35
——
1-
100% Jan
:
3
31
Feb
3'A
24%
*15%
5
Feb
3%
24%
Smith & Corona Typewriters-No par
7
Feb
3%
24%
8
26
33 V2
3%
24%
8
26% Feb
43%
•
3%
24%
—15
400
13
'
3%
35)A
.
12%
5Va
500
600
9%
*9%
'
34%
!
24%
*34
•
12%
34
5%
*5
3%
*99
29% Jan
20'/a
33%
No par
Corp.-
13
34%
*12%
5%
*5
5%
5
12%
35
24%
—No par
Smith (A) & Sons Carpet Co comu-20
3V2% preferred
,100
4.20% preferred
-J-100
36 % Jan
Aug
42%
*
;
Jan
44
36
12%
34%
13
35
,5%
5
1
5
13
34%
*
30% July
30% July
,36 % Mar
35
3
100
24
3% Jan
13
35
*12%
24
12
Dec
9%
19%
127/a Jan
Aug
*9 %
22'A
24
4
9%
19%
3
63
*9'A
22 y*
15
Feb
9%
10
20
56% Feb
4
9%
9%
10
10
22%
44'A Feb
Dec
78
22'A
1
12%
78
20
3
per share
78'A
20%
Mar
'$
78'A
22%
53V2Mar
;
78%
22'A
40
Lowest
78%
*20'A
60
73
78%
—20
45V2 Aug
Dec
78%
,—10
Feb
65%
78%
Smith
Jun
Dec
4,500
*77%
Sloss-Sheffield. Steel & Iron
39
25% Mar
1,600
27 V2
79%
7
52
11% Nov
34%
26%
*78'A
*
7.
Mar
17% Jan
3
Feb
15
104%
Feb
Nov
3% Nov
*33%
26%
88% Feb
•
3,600
35 »A
31% Jan
3
80
10
30
293i
26 %
„•
O)
30%
•3,000
•
*34%
Jan
(A
29%
i%
26%
_No par
Skelly Oil Co
24
•
98
34%
Sinclair Oil Corp
14
30
30
8'A
*96
26%
-
Feb
30%
';v
-
700
6
*5%
8%
98
1,100
x34%
Coalition Mines
99
99%
30
5%
5%
*96
97
97
800
13,200
27 %
15
Co,.*
19%, Feb
32
160
*97
•
'8%
•8%
8%
>
7%
10
35 T;
Simonds Saw &, Steel
<
,9
99 %
*97
6
6
6
,
8%
-
37%
10
9%
34%
,*.
Jun
Feb
Feb
14%
7
.
*7'/a
37%
*9%
26%,
Corp of America
Silver King
Simmons
7
36 7 a
10
7%
27
conv
Sheraton
6
36%
9%
?
37'/a
7%
7%
36%
10
30%
Shell Union
12
6
9
M
*7%
37
■
0%
35%
21
•
1,100
26 %
10.
,
39%
35
14% Feb
4% Jan
*38%
30%
39% Jan
5% Jan
39
26%
5
27%Jan
39
35%
Mar 11
3
39 %
30
10
25
38%
26%
5
Jan
39%
35
Jan
Oil
2,500
30
79
Feb
19%
1
10=
$3.50
19%
36 %
6
85,8
99%
*97%
No par
7v
50
19%
.•—No par
Gas
Corp—
Jun
15
92%
96
Oil. &
Steel
Sharp & Dohme common
3% Mar 11
Jan
V\
Sharon
27% Mar 18
22% Feb
36
34
Shamrock
-
7
50
19
10
5%
9%
200
52
19
'
No par
preferred—'
7'
5
7% May
May
Dec
*9
1,200
'
50%
19
37%
10
*5%
1
16'/a
50%
19
7
36%
9%
*50%
15%
53
7
*6
7
37,
16% '
16%
187/a
40
5
1
12% Mar
7%. Jan
Dec
3%
25
39
*6
pref series A—No par
Shattuck (Frank G),
—No pai
Sheaffer (W A) Pen Co
—1
Feb
39%
9%
31
Oct
14
7
37% Jan
4
8% Feb,
46% Jun
Feb
3j
39%
36%
$4.50
5
Mar
31
Feb 25
22% Jan
Feb
19
5
16%
39%
19%
No par
Co
16%
*50%
54
*18%
—No par
16%
16,
19%
Seeger Refrigerator Co
Seiberling Rubber Co
.
*51%
54
Servel Inc common
7
10l% Feb
of Del
Seagrave Corp —
Seafs Roebuck &
•
7
Mar 16
.'
17
17
17%
*52
100
1
A
preferred
Seaboard Oil Co
7
6% Jan
27
Feb
17%
8
11% Jan
86% Jun
30 '
>
7% Mar 15
1
46% Oct
27% Jun
24% Nov
series
Seaboard Finance Co
7
26
5 % Mar
8
'
Jan
46
5%
11
19 % Mar 18
15%
16%
Seaboard Air Line com v t c__No par
*8 Va
8%
■
155
*153
*12%
13%'
*31
31%
*8%
8
8%
%
12%
*31
8%
158
1,500
200
•12%
900
31%
500
8%
100
Volume: 169 / Number 4787
THE: COMMERCIAL
Range for Previous
>•
28y8
Dec
36%
.
J-an >
•
22
v
91.
4% Mar
$ per skate
28%.Jan
32 % Jan
3*
20% Feb
7
Aug
7%
Jan
82
May
12
i
.■
89
"'■Ji
54
7
>
CHRONICLE
Par
Monday
Mar. 1+
$ vershare
25
29%-
t
Tuesday
29%
30
$
30-
preferred-.:-————_No par
Symington Gould Corp.
22%
"88
1
a'
■
29%
22%
10%
22%-
88%
ny»
22%
10%
88%
11
22%
88%
*•%
,
*88
4*/a
—
887A
4%
4H'4"
52
5%
67 '/
15% Nov
47
•" Feb
28
Feb
49";
71'% July
58
Jan
Tennessee
55
26
Texas
Corp
Gulf
*16%
29
Feb
45%
Oct
48% .May
Dec
"j
33% Feb.
Producing—__
1
65% Mar 11
Texas
23% Jan
Texas
Gulf Sulphur
Pacific. Coal & Oil
44 *A Mar 18.
46
Feb
8
Dec"
65% May
20%; May
40-
10%
'9
Feb
28
Dec
24-
14 % Feb
i
May
-
v
Jan.
Sub
*lByaf
16%
15%.,
Tekas
7
15% Jail
Textron
22
64
21
Inc
$1.25
%
1
42'A
*41%
—50c
preferred---—No par
■9%
9%
*14%;
14%
Co-___
common
,
conv
64 Vg.
52%
64
14%
25%
Apr
5%
Dec
4^%
Dec .;
12%
Jan
Jan
Dec
19
7%
13%
Apr
Apr
6%
24
Jun
Oct
10%
,
5VB
35
2
0% Jah
Mar
:
Mar
2
37% Jan
18% Feb
.'.7%
19%
59% May
95%
Jun
86
4%
Jan
31%
9
Jun
17
Dec
10
Dec
8
11
29V4.Jaj.
8
Feb
Feb
It
25
25% Jan
Jan
3
10,4 >A Jan
16% Feb
39% Jan
11
19
Jan
4
43
Feb.
Jan
42
42% 7
*42
43(*:'"
42%
43
10
Jan
19
A%
-
14%
41,
8
12
Mar
13
Jan
20
16 % Feb
4
9
Nov
22% Mar
10
Jan
4
23%
14% Feb
26
5%
Feb
6% Feb
11
7% Jan
98% Feb
10
102% Jan
4
15 Vs Jan
13
96
..
Nov
12% Mar
,
xii%
5%
3%
*18%
*2%
$6
Corp
preferred
4%
21% Feb
21
6
34
Jan
18
$1.50
conv
preferred
2
$4.50
prior
preferred
24
Jun
5%
32%
Jan
Dec
14'A
4% Jan
Jan
25
3
11
Feb
5% Feb
7% Mar 14
-29% Mar 14
11
6% Jan
Twin
City Rap Transit com
No
5% conv prior preferred!
7
Twin
Coach
5%
35%
,
3%-,
*35
4
*8%
A 9%;
•*8%
3
3
*27/'B
*25iA
20%
22'A
22%.
104%
*25 lA
"
11%
15%,
*15>A
71/8,.
99%,
100
100%
19%
20
19%
33%- >33%
•>
*99
99 7
7 Yb
50
7'A
29
1
20%
33%
20
20 V*
*33'A
99%
9914
7%
7%
29
6
*6
7%
29%
6 'A
27
7%
6
17%
421%
42%
11%
11%
11'A
11%
11%
11%
16%
*15iA
16%
200
7
*57A
250
17i/4
4,000
43
1,600
42 7
a
11%'
7%
340
12%
5,000
20'A
19%
*33i/4
99i/2
99'A
*99
6%
6%
6
12,000
7,200
*12
201/a
34
*5%
,6%
10%
*10
42
900
7'A
6
10%.
300
103
7'A
27
9,100
7'/a
34i/4
27
2,800
V
99i/2
99%
12%
6,800
11%
7
100
11%
27
6
22%
104%
17
20 y8
6%
251/4
22%
*103%
:■£'
*33 'A
341/4.
99%;,
6%'
28%
•
22%
104i/4
17%
20 i/s
341/4
*99
200
22%
121/8
20
*33%.
29
5%
11%
33%:,
300
1,200
261/a
*25
42!A
.
X99%
12 %s
99 y2
,
99 %
8
,
7 -.■?:
10oy2
12
1.200
2%
*103%
17i/8
7%
9%
89
17%:,
*103%
42
600
42'A
2%
26%
8,100
191/4
42
.;
60
3%
*87
3
i
110
300
2,800
35
*3%
A
1,900
5%
19
88
-
5%
27%
35
42%
88
11%/)
7'A
900
,13
5'A
9'A;
42%
15%
7y8
*5
13
3%
87%:
11%
-
200
191/4
43'
87%
11%
*151/8
7%
11%
8,800
3,900
4
*18%
15%,
11%
15%
11%
'
15
*26%
A
35%
4
19
11%-
11'%
*15 Va
2,500
43 y2
5%
11%/
ll3i
15%
pai
Co
51/8
11%'
No par
com
5%
13%
*42 y2
'
44'A
y2
15
26%
11%
11%
11%
15%
No pax
Century Fox Film
*5
*26%-
5 Va
r
"
10%.. 10%
>
*J2%
42 %r
11%.
:No par
99% Feb
15
r
42%
10414
12%
13
5%:
.
A
*35
:
44
*41
-
10'A
•
42%
v
100%
32% Jan
98% Jan
15
42%
12 38
Jan
43
9%
22%''104%
17%
100%
Jun
43%
*4iy2
17%
12%
36%
8,700
17%
ioo y2
—•
3,000
20
103%
12%
100%
Coal Co
15-
64 y4
19%
13%;
3%
22%/
15
63%
17%
100 "A
Dec
20th
23 %
15%
64 Va
27."
'
100
20
,
14%:.
*18%
25 %
"
13,600
42%
43
*5
87%,
3'/a
L' 25'A
53'A
13%,
43
:
1,500
52%
i.
*26
9 JA
•«.
3%
53
15 '/e
*, 9%.
14%
10%
16%
19%
42
y4,
19%
*10'A
■-
64
.
19%
41%
*41
3%
52 %
641%
;
19%
10%'
*3%
103%
5
3
-
'23
TVA
2,400
16%
17%
.
30
4%
4%
16
103%
No par
___—
24
8% May
3'/8
27.%'.-
7'A
Feb
Dec
3
42%
5,600
88 %
16
17%
42y8.
*88
4%
*3%
,
15%
64
I
3%:
*42
*25%'
23%:
-15
l.
18%
*87
1
common.
Jan
31%
3%
52%
5%
*8%-
,
87%
16%
52%
35%.
18%
43 y:
*87
27
88%'
*10'A
3%
lB'/a
5%,
J' '• 3'A:
10%.
:*3%.
103%
par
19% Jan
Truax-Traei
s'A-
43 •',/
87%
*25%
227 b
Bearing—.—Ro
Tri-Continental
42 »'»
.
No par
25% Mar
17% July
92
*87
*ioy8
13%;,
5%
9'A
;
4%
,
271/a
r
*35
19 y4
.*8%
,_100
4%
4%
V
5
35%,
9»A
No par
com
*87%
:v
,■
26
5 Va
*35
19%
Ne par
com__
22
14%
■
*12%
*8%
42%
Transamerica Corp
^
__2
Tr&nscont'l & Western Air Tbc_a__5
Transue & Williams Steel—No
par
7
Apr
10% May
107% July
19% Aug
Roller
5»A
13
7
5 Ya
35
5'A;
21%
9%.;
"t
14%.
27%
.'13
*18%
•
Tiihken
5%
27 Va
13 JA
5%
-35
A
41 »A,
,
9,%.;.
J- V{
14%;
1
Water Associated Oil com
10
$3.75
preferred——
No par
Timken Detroit Axle—
5
4
Nov
-
No par
preferred—.—
cum
"
5%
—50
preferred—1
$3.50
5>A
27%
'
Tide
10
9%
5'A
*27"'
*12%
22
.,4-1%, ■42 'A*
9.%u-,9%
15
Thompson-Starretfc; Co
21-
15%
'
preferred—
Thompson (J R)_
Thompson Products
13
3% Jan
1Q3
May
13%
i
45% Jan
89
Jan
20%
23% May
55
5
conv
Avenue Transit Corp
Thomas Steel, Co (The)__
9
14
div
Third
6.
Mar
Jan
24
104%t, July
Mar
40
11
$2%
8
Jan
2% Feb
Nov
32%
95% Jan ;
-
20
39% Feb
Feb
1% Mar
7.
.
:'
__
6,800
21%
20
t'
Thatcher Glass Mfg Co common—5
$2.40 conv preference—No par
The Fair
:
No par
Thfermoid Co common——
l
19
7% Jan
11
23
Feb
85
Feb
28
13'A Mar 16
3% Mar 15
Jan
19% Mar
29 % Feb
3
39% Feb
19y8
8
7;
Mar
6VrJan
12% Jan
-
10% May.
47% Jan'
-
•''• Mar 15.
••
-25%
.
15% May
..
Dec v
34%
5
22'A
88%
;
64 y2
20%
'
Dec
3,000
11%
52%
15y»,, 15%
-
"
5%
30%
11
*87
16%'.%
64%
■
19%
—100
Pacific Ry
<5i
30
11%
3%..
i5%'
64'A
29%
10%
x21%
■
10%
10%
52%
20 7 a
SMres
291%
"
52%
10
fc*
the Week
$ per share
:
•lo'/a.'
15%
*15%
V-*
3%
52%
,_Nopar
—
share ctrs_—_
3v
11 'A-Jail
24
10%
Pacific Land Trust—
7
7
xl4%
*10%
16%
52%
Texas
,
10%
3%
Texas Co—_
Jan
17% Jan
4
17% Feb
*10%>
Corp_i_l-:7
Telautograph
17%-Jan
5
25
Talcott Inc iJames)
A %• Jan
10
% Feb
13
10% Mar
f
X15% Mar
Jun
■-25% May
19 '.. Nov
I
3% Feb
Jun
19%.May
Nov
8
Sales
Mar. 18
share
wr
29%
10%
4-% .4%
^•Vi
,3 % Dec1
,14% Mar
C''
10% Feb
29%
10%
'•'$
'
i
11% May
4
Friday
Mar. 17
$ per share
1
^
9% Max
Thursday
MkivlO
1
share
ver
29%
10%
22'A
i'
Wednesday
Mar. 15
■
$ per share
.10%
:
com—No par
(1243)
LOW AND HIGH SALE PRICES
Saturday
Mar. 13
•
A'./
Sylvania Elec Prod Inc
.,
2v
STOCK
Swift' International .Ltd-
7
Mar
fi% Jan
24
YORK
EXCHANGE
-
Swift it Co—-
21
4
'
*1 /
25
Feb
>
24 V2 Jan
T
-4'A Feb
NEW
,
■t $ per share
4
18% Jan
Jun
»
V
Highest
Jan
26
Dec
•
r
$ per share
.
8% Dec
..14 Y» Feb
791
Range Since Jan. 1
Lowest
Highest
$ per share
FINANCIAL
8TOCKS
Year 1948-
Lowest
&
*27i/8
4,500
28
820
6
500
u
9%
39
Dec
12
Jan
7
59 %
10% Mar 17
Jun
40
3:
46
16 Va
Dec
Jun
10% Feb
8
12y2 Jan
39% May
43 »A Nov
27% Feb
7
i
9% Mar
27%
Feb
37% Nov 7
103
Oct
91
Jan
Jun
94
Jan
90
Jan
86y8.Jan
6
,•
51% July
41%
34
Dec
103%
Nov
9%
Nov
30% May
110% Jun
19'A
Jan
6%
Feb
2%
7
8
Nov
4%
60
18
19%.Feb
10
Oct
Jan
Feb
26
29%.Jan
,
22% Jan
9
30% Feb
3
5
July
5% July
'•
2% Feb
Jan
41% Feb
,2'AJan
Feb
Dec
Jan
3
4
Feb
24
45% Mar
Feb
23
14
7
22% Jan
Feb
39'A Jan
18%
Dec
23
11%
Dec
21% May
.
8'
5% Jan
17
Feb
60
58% May
Mar 17'
49% Feb
May
65
21
18% Feb
24
$3 preference
United Dyewood
7%
7
3 :•
20
54% Mar
7
;
*34%
i
*21%
34%;
25 Va
25%
109
...
25%
21%
/■:/ 72%
21%.
31%
21%
3'a
45%
4%
4%
/;
*61
5
;
5
i\
45%
■
62 y2
,
17%
No par
52%
52%
52 3a
Improvement Co___13y2
*19V4
19%
19 'A
19'A
10%
10%
10%
10%
Gas
Merch
&
Mfrs
Inc_.
1
29'a
81
*
8l'/2
<'
50
h
34%
34%
24 y2
*68
29'A
29%
81%
50'A
50%
1,300
34
34%
2,100
34%
*70
/A
5
t
-
■
>
1,200
4,000
^2%
2%
42%
3%
45%
5%:
33%
6i%: •/
44%
'5
5
42%
'
61
17%
17%
36%
36%
36%
52
52%
53
r
19 Va
19%
"10%
10%
19%
:
10%
400
2%
42%
6,200
180
,
2%
3
67,200
44
3,300
*4%
60
5 V:/' //
A800
60
18
:
36%
511/2
191/2
10%
•
X43 '/a
5'A
60
34%
2%
3
*17%
36 y2
*33
*42
44%
*4%
60%
1738
■
33%
;2%
44%,;''
44%
■
•
800
5%
*41%
/>/
21%
33%
2%
36%'
52%
21%
200
5V2
42%
3
100
72
>
33%
■2%
17%
•
*69
•
8,400
7,900
5%
*32 y4
:.' .'2%
25%
12%
33%
,
*41 y2
33%
2,600
110
12%
21%
%
33
25
*108
72
?.
■:
10,100
1
25%
12%
21'A
5%
33
;
110
.
12%
33%
;
~70
■
81
27a42%
,:
:
81%
*108
21%
*5%
32%.
92
29%
24%
J';:
72- : i.V-. ?
*21%
■
80
97
50
*34%
12%
'
*94
*91%
29y4
81%
243A
108
12 %
'■
49%
>■/"
34% :
108
;
5%-
611/2
37
United
29 Va-
5%
.
17%,
37
United
92 //
'
17%
37%
Co
97
*91 %
50
;
HOI/2
*94
9iy2
45-'!:
62
17 %
Fruit
109%
110
97
91 Va
21%
2%
5'A
*61%
1093 4
110%
*94
■■■•
32%
Va
*37 A-
—
22,900
41%
451/2
5
39%
81%
*32 ya
2% /
3
38%
*109 Va
29%/
32%
43
3
5,100
5%
v
32%
2%
281%
50
*21%
.
5%
*42 y4
281/4
39%
24%
25%
*108-> 109%
32%
*31%
3
*45%
r
1
—100
Cos
32
43
3 ;>
5
Electric
5%
32 y4,
2%
.
1
common
'■
6
32%
281/a
391/4
12% ; 12%
,/,■;. 72/ ■ a72-
72 ya
.
..
281/4
-
29 y2
/
*107%- 109
12%.. 12%
*42y4
lOo
Engineering & Foundry
197A Mar 18
7
8i y*
49%
34%
400
1,100
28
39%.-
92
49 TA
y4-
11%
39'A
97
*91
»
;
43
11%
27%
noy2
*94.
82 rc*v
5%
preferred
United
/>•
si
34%
32%
United
Coal
""■
49%,
72%
10
;
Corp
*109%
92
1,200
43
11%
:
28%
82
12%
.No par
United
12% Jan
10y8 Mar 10
-
Jan
97
:
10%
421/2
11%
>•
39%,
39%
'
Corp-
Carbon > Co_^
—
41
•
49%
v
12%
t
'
29%
*71%
,
42%
11%
■
*107%
No par
10
*11
29%
29%
25 V4
100
$3.50 convertible preferred
United Corp common-
17
3 Va Mar 12
36
Feb
Jan
United
*94
*91
/
10
42
11%
.
110 y4
110 y4
97
497A
10
10
42%
*10%
/, 28 Va
39%/
81¥4
t_10o
common
preferred
44% Jan
46% Jun
16%
48
4
39 y4
92
5
common
Lines Inc
39%
noy2
*34 %
i
United-Caf-r Fastener Corp_iNo par
Unite Cig-Whelan Stores com__30c
82%- Apr
28% Jun
37%
Air
28%
29Va-
^_50
convertible; preferred
-
28%
*94
—No par
United Biscuit Co
uL—
United Board & .Carton
12
18
3
Dec
5,%
4%-%-
28^4
.
:
*91
J-
50
com-
Corp
11 y4."'
28%
25
33% Mar IT-*
•3 % Jah
7
10
3% May
47% May
9
May
7% Jan
Co
43
11%
*io9y2
No par
10
42
43
11%
39y2
:__No par
preferred
Aircraft
United
26
38 7A Jan
T
9
55
Feb
RR
non-cum
United
26
36
-
4%
26
Dec
X39%
Jan
13%,Feb
7.4
Feb'
2%
108
5
3
series—
Union. Tank. Car—*
25% Mar 12
10% Jan
series
10
9%
43
11%
A
No par
California^..—^.
93a
43
,
No par
$3.50
of
Union Pacific
15-
61% Jan
'
41
21'
Oil
9%
;
5
No par'
$3.70
Preferred
-5
Apr
15y4
r
89% Jan
51% Feb
Jan
Preferred
Union
7
36% Jan
38 %- Dec
Feb
29
107
Un El Go of Mar pfd $4.50 ser
13
1
Co__
7
Jan
3'
V
No par
Rubber
Union
91% Mar 16
Mar .3'
22% Feb
'
(The)
Corp
Asbestos &
8
23y4
7'
Dec
27%
.
Underwood
Union
Bag & Paper
Union Carbide & Carbon-
90y2Mar
57% Nov-'
19
Jun
7
30% Jan
25
48'A-Jan
;
7
Jan
94
Udylite Corp
12 *
110% Mar
13-
77% Feb
Sep
Jan
22%
42 :
11
45%
Jan
31% Jan
7
25 y2: Feb
•
Nov
:
<31%
\
'
11
107
Feb
79%
36% Feb
Jun
38% July
96 V4 July
Nov
21%
Jan
98
Feb
80
110
8% Feb
52
'
171/4
1,200
36%
"
60%
17%
:
36%
1,000
51 Va
'■?'
110
521/4
8,900
19 %
•
'
19%
19%
19%
1,900
10%
10%
10%
10%
8,800
Range for Prevlona
Year 1948
Lowest
16%
Feb
89
Feb
15%
Feb
92%-Feb
A. 166%
8
Nov
STOCKS
/
Range Since
Highest
$ per share
'
Lowest
$ per chare
$ per share
f
$ per share
18% Feb 11
Jun
23
Jan
97
Jan
7
94
Mar
16
Feb
8
17% Jan
8
97
24% May
Feb
11
104 »/2 Jan
20
113%
Jun
179
Jun
175
7
Jan
10
179% Mar
17% May
Dec
76
Jun
50
'A Mar
8
19i/4
Dec
57
Jan
42%
27
Jan
19 y4 Mar
5
21 % Jan
7
17%
Dec
8%
7% Mar 11
Jan
Dec
36
11%
Sep
Dec
Feb
49
Jan
58
Dec
39%
86
Dec
37%
Dec
121
Dec
Mar
9
16
Jan
Jan
9% May
53 y4 July
221/a
Mar
9
21-
Jan
3
14
Mar 11
11% Jan
7'A Jan
5'A Jan
37% May
94
May
49% May
21%
*94 %
96
17'A
*16%
17%
20
101%
101%
100%
preferred
Hoffman Machinery
100%
__100
178%
S
preferred
Industrial Chemicals
U S Leather Co common
21
Partic &
U
Lines
S
4%%
25% Mar
8
conv
Co
Jan
39% Feb
7
;
64% Jan
preferred
7;;
21
Rubber
S
8%
Co
72
12
Mar 17
U S
7%
87%
Oct
Jan
3
140%
78% Jan
Jun
27
134% Feb
26
19% Jan
42%: May
140 y2 Jan
26
4
2iy8 Feb
16
U S
38%.Jan
3
37
.
Feb
Nov
41/2 Mar
69
6% May
8%
Dec
Dec
98%
4'A Feb
12% May *
85%
2%
Dec
6
3A
Jun'
8% Jan
Jun
43% Feb
24
>
83 Ve Feb
3
28
2% Jan
3
5
.
Jan
9% Jah>
85% Jan
4
Jan
16
-5
7
7
8
22
Dec
34
Jan
21
16
Feb
20
Jun
15 Va Feb
18
17% Jan
7
3% Feb
25
5% Jan
10
4.
Mar
19
Feb
150
Feb
4
7%
42
Dec
Dec
10%
Jun
23'A
Jun
170'
May
15% May
70
May
Feb '
19% Jan
156
7
Mar
8
17
5
Feb
10
43 % Jan
3
22% Feb 17
21 'A Mar 10
165
Feb
1
8'A Jan
17
48
Jan
27
Tobacco Co
7%
com
A%
19%
4 Va
17%
17%
18
13%
14
13%
13 7 8
V
9
4»A
*7%
47
47%
*4
9
/
4'A
17'A
100y2
100%
101
1791/2
179%
179%
*7%
7%
12%
19'A
13 3a
4'/a
41/8
1,100
181/4
181/4
4,400
13%
4,000
13%
8%
*7%
46%
13%
8 Va
47%
46%
13%
*7%
8 Va
47%
461A
46%
56%
561/4
56%
565,8
56%
400
24
24
24'a
23%
23%
2,400
861/2
*84%
86%
*7%,
56%
*55%
24%
24%
*24
86%
*85%
39%
86 y2
39%
*84%
39%
39%
39%
39%
381/4
128%
128%
128%
128 %
128'A
128%
128%
129%
42%
42%
421/4
42%
44%
*71
72
73%
__100
*135%
*20%
25
.
42%
73%
*82
parr
87
.2
3%
50
common
*21%
Universal-Cyclops Steel Corp
—1
Universal Laboratories Inc
,__1
Universal Leaf Tobacco com.No
par
100
com
*16 r
.
*20%
21 %
4%
20%
45%
20%
20%
t
45%
.
20%
*42%
421/2
4%
*4%
9JA
91/4
9ja
86
3%
*16
-
4%
21 y4
*159
8
*81
3'A
.163a
4%
21%
45%.
8
86
3%
3%
750
42%
42%
1,200
71%
400
731/a
18,000
136%
1,500
72%
136
8
20%
42%
4 Va
*4%-
4%
200
9%
9%
9%
400
20%
2,100
'
;
*81
86
*81
43
45 y2
90
86
3%
3 J/a
*31/8
25 *
*21%
•25%
*21%
25
*16'
16%
*16
*16
is%~.
4%
.
..
45/a
20% -.20%
*158
/
3,800
129%
*21%
24
163
7%
45%
.
39
2,000
42%
*9%
•
4%-
20 7
*42%
4%
38%
129
7iy4
73%
136%
4%
*21%,
20%
72
72%
136%
42%
*81
.
391/4
72
731/a
136 ;
9%
163
8%
45%
20%
72%
136
*4%..
16%
*159
39
72
*42%
3%
*16
•
*71%
.73%
135%
9Va
25
.
/
*84%
39
20%
87
3%,
16%
*159 v.: 163
.
*21%.
:1 4%
1
100
*82
3%
25-
*43i
9%.
72
86I/2
72%
*4%....M
:
24
135%
20%
43 *
*42 V4
9%
j
*56
43
*71%
73%
136
20%
4%
*9
71%
73%
136
42%
*4%
42%
'
21
5
44
71%
<
137
1
preferred.
*43
13%
8%
*46%
*85%
129
1,500
41/8
18'A
x56%
i
191/4
41/8
24%
*43%
19 »A
—-U.
18i/a
86%
129
30
600
;
41/4
*7%
56%
60
2,400
8
51
5,200
18%
18
,24%
*7iA
*50 y8
51
24%
•
for
Shares
94%
*16%
*50'a
19%
*46%
47%
21'A
X94%
17%
*179
7%
4i/a
21%
96
100
51
19%
21%
*85%
No par
8% preferred
Universal Pictures Co Inc
4%% preferred
19%
21
179%
7%
*501/8
Sales
the Week
$ per share
96
*16%
100
*179
7%
51
17%
No par
preferred
Stockyards Corp^
conv
179%
4'A
57
[_5o
United Stores $4.2Q,non-c 2d
pfd
$6 conv preferred
_No
United Wall Paper Inc
99%
17%
*7%
_100
non-cura
United
17%
Friday
Mar. 18
10
com
U S Steel Corp common
7%
preferred
18% Jan
171/2
96
*161/2
7%
*50 y8
Mar. 17
$ per share
21
*941/4
17%
14
47.
50
129% Mar
20%
96
101
170%
7%
19%
57
1
preferred
67% Mar
100
51
19%
19%
21%
*16%
Thursday
16
.
$ per share
100
common.
Smelting Ref & Min
20%
.,*94%
50 Va
10
ISt preferred
non-cum
t
45% Jan
13
26
7%
*
20
U S
21%
*178%, 179 %
7%
51
4%
lo
U
Jan
Mar
17
1
Feb Z 1
43
Wednesday
13%
No par
common
88 ya
133
,
19%
No par
class A
178%
*7%
*50%
No par
& Foundry
Playing Card Co
U" s Plywood
Corp common
3 % % pf d series A—
4
Apr
5
100
com
4%%
U S Pipe
38
Jun
preferred
U S
4
25
58%
21%
26
Feb
72
No par
95%
28
123% Jan
S per share
21%
7%.Jan
4
$ per share
$ per share
Par
*16%
59% Feb
Jan
Dec
1%
U
'
*94%
49'% Jan
14
Mar. 15
No par
8
Mar.
Tuesday
Mar. 14
__No par
1st
19
137%
Nov
S
U S
12
86
HIGH SALE PRICES
Monday
Mar. 12
Freight Co__
Gypsum Co common
$4.50
U
Feb
20% Feb
-
37 y4
14
AND
Saturday
."'A"'
Foreign Securities
52% Jan
43
July
63'/2
24
4
21%
7%
8% Jan
LOW
STOCK
'
-
.
U S &
8
54'/2
YORK
EXCHANGE
•
14
Dec
41/2
NEW
:
_
32% May
101
Jan. 1
Highest
7%
46
160
4%
20%
160
16%
'
4%
20%-'
160
8
7%
778
46
*45%
46%
21
.*21%
*4%
*20%
*160
7%
46
3%
2,300
4%
600
21 '/a
1,300
163
50
8
3,000
46%
130
V
14%
Feb
27%
Oct
19% Feb
11
9%
Dec
15% May
26% May
9% Jah
3
21%
Feb
12% July
19% Dec
15% May
29% Jan
24
Jan
7
11% Jan
20
Van
21% Mar 18
24
Jan
27
Van
10
Feb
13% Jan
6
20
Jan
16
Vanadium Corp of America__No
par
Norman
Co_
2.50
Raalte
CO
Inc
Vertientes-Camaguey Sugar Co__6%
85%
3
Dec
22
Jan
26
Vick
94
May
85 y2 Mar
86
Feb
5
89
Feb
95
Jun
10
85y2Jan
5
Vlcks Shreve & Pacific
Ry
5% non-cum preferred
For footnotes see
page 28.
90
Feb
1
10
Chemical
Co
*21%
10%
22%
10%
2.50
22
com_;100
*86
_100
22%
*ioy8
*22}
lit
22
22
10
11
23
11
T
22
v
87%
*86
89
*87%
*87%
21%
10 Va
*22%
21%
■
21%.
21%
*0%
103s
22%
22%
11
11
21
9%
-
!
21%
87%:
*86
89
*87%
i
21%
22
-10%
21 'A
978
22 r
11
21%
21%
21 %
21%
1,200
*9%
10
9%
10
1,100
22
22
21%
22
*10%
21 y2
700
11
10%
10%
1,700
2134
21%
21%
1,900
87 y2
*86
87 V2
*86
87 y2
*86
87y2
89
*87%
89
*87%
89
*87%
89
27
!
i.
28
COMMERCIAL
THE
(1244)
FINANCIAL
&
CHRONICLE
Monday, March 21, 1949
'-V
NEW
STOCK
RECORD
LOW AND HIGH 0ALX
STOCKS
Range for Proviso*
NEW
Range Since Jan. 1
Year 1948
Lowest
YORK
Highest
J per share
$ per share
32%
48%
YORK
STOCK
$ per share
$ per share
Saturday
Mar. 14
$ per share
Par
•
$ per
Mar
..
.
.
Mar
15
X per share
share
PRICES
WedneaAay ./ .A«
%x" Tacidar
Monday
Mar. 12
EXCHANGE
Highest
Lowest
,
Friday
85
Oct
96%
1Y» Mar
93
*
Nov
28%
6%
21
Jan
5
118
14% Jan
3
20
32% Jan
Mar 10
30
Nov
34% May
30% Jan
3;
33
Dec
39%
25% Jan
4
31
25%
Dec
32 Va Jan
23% Mar
5
27
9,
Jan 13
.Mar 15
31
Jan
Dec
29
Apr
32%
Jan
30
66
Apr
Jan
56% Mar
Ry Co
preferred
Virginian
12
38% May
29%
24%
6%
Mar 14
pfd
common
1%
13
*18
17
19
*30
33
AV *30'A A
'
%
*23%
24
v
20
*29%
31
100
_No par
*57
59
*58
*12%
13
*12%
23%
23%
31
*29%
24
33
*32%
33
30
30
A -30?A
26
30
*29%
58
*57%
13
*12%
*
"AAx-'-x.
31
90
.
200
-33%
2,000
-30
,.*29
900
V
—
..
220
"26 VA ;
A *25 V* :
26
6,500
.
19
*33
33
25'A
-
29%
24%
GOO
:
■■20V*
30'A
30
33
.
30%
-
v
116% A
-
*18
30%
50
1,600
0
i
17
i
'116
19
*3oy4
;
.
'
v/r
16%
i
1,300
;
>
'
95%
95 7,'a
;
_17'/a
116%
30
-
,95%;
.
*18
19
30%
31
?.
*116
8
7%,
>
:
94%
94%
>•.
;
8
_
Shares
■:
36 VA
36'A
■i
.
'
*30'A
30%
(
.16%
.
*18
32%
.
17 VB
116%
19
31
*30%
*95
95%,
.
*116
30%
25'A
32%
30%
17
V 8
:
97%
*94%
7%:
•
*94'/a
17'A.;'
*18
31
33
32%
*30 •'-.
preferred
94
.
.r
7%
37
30%
•"
96%
95%
X-i
95 y<
*18
31
*30%
25
.
.
115%
.
17'A
116
19
'
r
_.17 %
116
8
36%:
36%;
!•'
95%
8"
V
.
96
x95%
17%
115%
*93'/2
8'A
.
A.
37
116'/a Wx;115%
99
17 %
v
_5
_20
Visking Corp (The)
Vulcan Detinning Co common
.Mar
8%
:
*98%
10
100
25
25
8%
"
37
95%
*93%
.96
8%
37%
*36%
37 Va
*93%
__10o
com
preferred
Va Iron Coal & Coke 4%
19
Jan
100
No par
partic preferred
dlv
$5
14
Feb
*36%
5
com
Virginia Elec & Pwr Co
17 %" Mar 14
3
114% Jan
23
Dec
118
15% Jan
Jun
Jun
117%
preferred
Va-Carolina Chemical
2V
11% Jan
25
94% Mar 15
18% May
Jan
15 y*
•
7% Feb
3%%
96% Mar 16
7
Jan
91
14% July
124% July
Fefc
14%
109
Aor
Victor Chemical Works common
26
38% Jan
11
33% Feb
Jun
the Week
$ per share
■?
;.
-
Dec
A galea for
-.
■
Mar. 18
Mar. 17
<$ per share
$ per share
::
,
iv-': •A;;A
Thursday
10
.
250
*29%' ■21
•
W
57% Aug
60% Jan 28
2
4%%
RR
Wabash
12%
Dec
15%
Jan
12% Feb 26
13% Jan
12
Dec
35%
Jun
26%'Mar 14
29% Jan
*■ 8
Walgreen Co
100 Va
Feb
24
i, Jan
21% .Feb
25
23% Jan
21
13% May
7% Feb
14
9% Jan
7
105
8% Feb
10% Mar
102
Aug
'ley. July
101 A Jun
-x83Vb Mar
>
9y« Nov
4%
8
,27% May
Apr
xl8% Mar
,j
preferred
Waldorf System
28
14
105
Feb
28
9% Jan
3
11% Feb
SO
May
5%%
31
26'A
9
*14%
.
14%
104
10%
22%-
14%
__100
Pictures
Bros
.
Warren
Foundry <fc Pipe
•
Warren
Petroleum
-5
•
10%
10%
*
12%
13
26 %
26%
.22 VA
•'
8%
14'A,
*14
14%
x91%
91%'
92 Va
<ioy2
10%
10%
93
93
93
10%
107/8
'10%
10%
3,200
-
1,700
"
1,200
14 VA -14%
'14%
92 V*
-'•
22 y4
*
*8%
8%
8%
1,100
■
104
*102%
104
22% >22%
..
8%
8%,
•
400
13
*102%
104
22
8%
200
59
*57%
59
26%
26%
26.%
*102%
22%
.
92
10%'
92%
26%
8%
'14%
/
14%
92
14%
*92
87/>
8%
■
-
*12e8
22
22%
21%
22
_
1274
26%
*102%
104
*102'/a
104
"
9
1
preferred
Warner
18
22
No par
58
58
12%
26%
•
.13
26'A
'
'
94% Feb
:.
No par
G & W
Co
Ward Baking Co common
15% Jan 21
13% Feb .7
*102%
100
preferred
Walker (Hiram)
Walworth
58
59
•
*26% '••■27%
No par
common
'*92%
80
A; AilO,100
10% '
'V' :r',
s
22
Nov
Jan
22 % Jan
25% Feb
1
34 % May
18 '$!■ Feb
15
22% Jan.
7
27% Aug
Nov
7X19%
23% Feb
23
25
>
7
14
m
32
6
v
N6 par
—3
'
i
;v20% Jan
12 %
16%
A
Dec
Dec
13
*
Dec
i
Dec
,
%
Sep
Nov
>
v.
3%
26
>
s*80
'20% May
j
30% Jan
13%
6% May
86%
3%Jan
26% May
i
3
20% %Fct>
lo
80%>Mar
-
Jan
25 \
4% Jan 22
15% Jan
9
'' Feb
19
27% Jan
:
Inc__
Webster Tobacco
•25
k
X
"*23%
19%
24
13%
vl3%
-T
$4
preferred.:
No par
West Indies Sugar
3
1.7% Mar. 12
:
(104% Mar
*113%
119% Jun
.113% Feb 25
110% Mar. 12
109% Jan. 12
;
,
conv.
Class
Corp
22%
*
1
e;
22%
•
v
,'X-
•
13%-—
>■'
19% -19%--
-
,*noy^ •112
•
■
Apr
111%
£ 107% -Mar
105% Nov
?
!
113
-
107
100%
Oct
16%
!
.
r
i
38%
Apr
Feb
i
*.00%
Feb
5%
Nov
-
51%
7% Mar
25%
'
74 % July
V
23%
Dec-
33Va
T
85%
91'/a
Feb
V
101%
25
Dec
80
Jan
,
r
Mar
37
Western
Western
"30 ^ Jan >24
24
-68% Jan 26
Feb -24
>
16 V* Jan
14% Mar -5
22% Feb
Jun
98% Feb
•
,
7
Jan
.27
11
97% Jan
28
101% Jan 26
15
23% Feb
8
A34% Jan>?7:
92% Mat 12
Jun
12
26% Jan. 11*
7
July
57% Oct
Mar
42
~4
48%
Ian
27
92
Jan
27% Jan
83% Mar *3:
89 Va Jan
12
Feb
23% Mar ; 2
25% Jan
13 %; Dec
24% May
13% Jan
3 *
16% Jan
25
20
«% Feb
22% July
18% Jan
3
21% Jan 21
X
July
53 V* Jan
'x Jan
4%
■■■
x53
Aug
27%
•X; 9
126
31%
Feb
12
6% Mar
51
Mar
10%
Pacific
Preferred
RR
series
25
.-No par
com
A
41
.
10% ; io3/s ->
-
.
-
.100
-
:
*60
•
14% ".14%.;
30'A "'30%-
92%
■1
'
*23
Wheeling & Lake Erie Ry
—100
Wheeling Steel Corp, com
No par
$5 conv prior pref
No par
White Dental Mfg (The 6S)____20
*101
Motor
White
Co
93
.25
_
Co
,
14%
14%
24 Va
24
24%";
93 Va
94 V*l
*100
*
84'
i
*20 Va
*53%
54
*53%
54
29%
*29
29%
9%
;
*83'/a
>
*24
fh 9
•
*53%
54
*53%
54
53%
81%
;• X62
Nov
58
Jan
••
Feb
94
29%
*29
29%
*29 A
8%
*8%
69
8%
Mar
11%
5%
;5%
5%
5%
5%
5'/2
48 V2
48%
47%
48%
48%
12%
12
12'A
12 Va
Dec
34%
12%! A!
Jan ,7
78% Jan
13% Jan
17
S.
Feb
17% Mar
14
11
3
4
Wilson-Jones
10
'34% Jan
47% Jan 21
El
Wisconsin
131% Mar 18
4
*76%
78%
77
77
10
12%
12%
12%
Pwr Co
10
com..
preferred
6%
Woodward
17%
Iron
10
Co
17%
17%
131%
*130
100
*31%
*130
32
32
•
12-
16%
131 Va
*130
•
*130
17'A
Feb
15% Mar
12'A
17%
70% Feb
4
Feb
65% Jan 25
31
31 Va
1,800
44%
45%
13,100
14%
14%
1.400
62%
62 %
220
44%
45%
45
45%
44%
44%
44%
447«
15%
15 Va
15%
15
15
14%
14%
14%
14%
pfd 4%% series
..100
Prior pfd 4%% conv series—_100
Wright Aeronautical
Nopai
Wrigley (Wm) Jr (Del)
Nopai
Wyandotte Worsted Co
8
62%
62%
62%
63
25
2
Jan
10
79
Jan
18
9% Jan
7
x72
A Feb
9
25
20% Feb
16 y2 May
26
24
Jan
20
9% Feb
?
24
12% Jan
7
1
37
Dec
48
May
24
Mar •4
39% Jan
18.
15%
Feb
24
Oct
18
Feb
19% Jan
7
65%
Dec
13%
Dec
8
Oct
63% Feb
24
74
Jan
28
xl9% May
12% Feb
26
14% Jan
6
89%
Yale
&
York
Towne
Corp
*67%
69%
69 %
*72 VB
74
*72
70%
•70
70
8%
*63
70%
*69
72
*08%
>70
X69 Va
-69%
9
8%
8%
70%
70%
>70%
74
70
70
8%
Va
131%
71%
*69
:
71%
*69
71%
*68%
71%
*70*
71%
69%
70
•70
87/a
9
80
70 Va
.
'
'71
9
AAWA
800
'
1,100
8%
8%
28
21%
21%
22
22
x22
22'A
1
Mfg Co
common
10%
10%-
10%
10%
*10 VB
10%
*35 %
36%
*34%
36
35%
18'A
18'A
*18'A
19
*i8ys
7oy«
71 VB
69%
70 V4
•6y300
12%
12%
12%
.12%
A ;A 700
22
10
*
22 Vb
*35
19
*18 Va
No pat
*25 Va
* 18 VA
36%
*35%.
19%
*18'A
19. V*
71 VB
70%
71'A
69%
70%
,69%
70
13'A
13'A
13
13
*12%
12%
31%
31%
30'A
30%
30'A
30%
30%
31%
30%
3%
3%
3%
3%
*3%
3%
3%
3%
*3%
.
*13
A.
.
1,300
100
36
35'A
13
.
10
9%
10
2,000
22
22
22 V\
22
9%
10%
36%
70%
4%% preferred
——50
Young (L A) Spring & Wlre.No Par
Youngstown Sheet & Tube_ —No par
Youngstown Steel Door.
8%
63
62 Va
64
64
.
80
31%
45%
'K3
500
10,200
*31
32
15%
Prior
400
17 Va
A 131
45 %
Co
common
8,200
x'
.
131%
10
W)
(F
Machinery
12%
17'A
/12 %
No par
Woolworth
9
2.200
-
*130
131%
*31
32%X32%
32
-
_
500
12,800
77 V2
*76
76%
17'A
76%
12
17
16%
17%
131%
76%
12 Va
12 Va
.76%
*12 Va
79
*76%
12 Va
i
Co
5%
5%
5%
No par
$4.25 preferred
22
Feb
.
8% Feb
Jan
10%
;
48%
12 Vb
A
5%
48%
.12%
66
Jun
22
,;t>:
'
t::
12%
68
July
8
.'1.400
AAx/xVlO
29%
9
48%
64% Jan
May
96% July
60% Mar
2,500
12%
12% Feb
7
x59% Feb 24
'
: 200
a
A
x
53%
*29
Worthlngton Pump &
Dec
-A
15 Va
20 VA
49
30
25% May
58%
25
12%
.5%
■-
*.:■:•
260
A
48 V2
8
.
100.
"•'
2,200
12%
44% Jan
37% Oct
49% Jun
T
.
a*s-
49-
14% Jan
128
Jan
Jan
Dec
.
12%
12
13%
;
20'A
160
200
'
49
73
Jun
A*
:
84 V2
'
15
.
l
9'A
.8%
,3,800
10,700
T
104%
29%
9
A 2,500
.
*44 y« A 44%
120 «/s
20 VB
600
700
•
-:
26
*25'A
•.
15
1,400
";
AT-300
100%
100%
44%:
.25; ;
x
*•■
30%
,
84 Va
15
!
•
> '24%
54
*29
*9
*.24
v
20 Va
20 Va
20%
*53%
*29
15
24 A
*100,"
104%
j
?83'/a
,..84
14%
20%
.'
.44%
24% •..24 y.
85
,15%
.
_25'/4
*100
'■
'
.'*94 'A I 95,
100 y2v
.44
15'A
*84
1.100
'x;
A
"
100 Va
25%
106
43%
%>
14%-
30 'A
94'A
25%
*101
45
44 Va
:
;
.A
34%
100%'
*24
106,
*101
45%
100%
.•25 V2
••
1,300
.20
CO
14%
3ay»
23%
*24,
1,900
,
9,700
'25% •
-.-"25
: A
60.
30%
24% •'24%
9%
>61..?
*60
*25 '
*92% J.. 93%
>
;
!
la:
-
*24%
*25%
30%
X*99%
G
.
39 M> j. 40
io
.
:
.14%;-
15'A
9%
10
25
30 ya
25 Vb
20%
':
-14%
84%
20%
x
•25 Vh
62%
*60
10
25
.
84%
15 V«
:
-26 J
»25% •
,15%
25%
A
r
;
'
*24 y8
84
15%
20%
.
40
40
A
30% ,30%
•
106
*101
A
-
7 9%;.
••■24%'
24%"
•24% •: 24%
25%
••'■■45... >
-
40
•
5%
*
■
'
.
106
?105/>
57/g
5%
6.
;
7 ^30
■
'• "
37
37
■
.
:
106
A *105 v
•
14% ->14%
100%
•46-
,
61;%:
61-
<•
93%
*99%
*24-:,
v
:
x
'-24%'
25%" -26-'
>
30%
*92y2,
:
'.*24%
1
Nopar
*
•
61
•
30%
106
8.4 ::
25%
10%
.
8
preference
Oil
.
10
;24%
106"
5%;
40 i
f
41>A-
*40 Va
,
•
•.<:
•::
6'/e
-
—20
preference
conv
Prior
Wilcox
com
y2
46
___1
,
Sewing Machine
White
$4
Elec
-41%''
24% t: 24%
100%
*99%
"12.30
Weston
Instrument
'
6
>
•14%' -14%
'
24%,
24%
*'
6 V*
-24
25%
•'
59%-
59%
v-'-
24
-
25%
-
25%
•
1<K% -10%
-
25
.
Westlnghouse,r Air
A_No par
Brake
No par
Westing house Electric com
12%
3%% pfd series A__
___100
3.80% pfd series B__
__100
6
x38 >•;: -,-X l37 H
i ,'
■T
>-'•-/'v'/'v't
;/
14'A
100
'
;
Wilson & Co Inc common—__No par
Jan
41% Nov
41
.
♦105
,
;
-37%-
'
Willys-Overland Motors com-:
1
$4.50 conv pfd series A
Nopar
Jan
Feb
Ry com_
100
2nd pfd.
1.100
6%
.
N'14%;
14
60
'
110% '
108
*105
108;- X
.
•14i-
1
AT A/260.
108%
*107 Vj
,,
7,900
>•
•
rii4%:
110%' ,V A-110%
,*109%
', .*105:
-
-
A 114%
■
17%
109 %
•
13
19
28
___10
Supply Co__
:
.•
106 X"
'106
108.
).WA
:14 .r;
37%
108
Tr
17'-:'
108'/a
12% Mar 10
88%
18
6 sA
-
*107
11V%:
*106 '•
ioa,
■
105
-105,"
>
,
•;
*111
U0%> 110%
*106
14%-- ,'*14~.\: ,14%
•-3838% ; 38%
?.
38
105 %
* '
107%
'
1.4%
38%
38%.
-*105
1
*106
14%
.
110%:
*110%
■
j
*
i*4,700
"
'
V
.V 113% .114%
-
"
19% A19 y2
7% Jan
56% Jan
Dec
xl38
•*14
.v
107%-
107%, 107%
i
110%-
200
900
'
.52% ' '
1,300
"81% >81% ' 'AT1 ' 270
'."• *22 i\
•
v
12
Dec
Dec
110%
*105%
f
82
;• 17%
*io8y2
.'.-113%: 113%.
107 >A
107.
'^ A
1,300
11% Jan
12%
Dec
1-10%
iioy2- 110%
'
1,100
...
4'A
'
Feb 11
8
69
14%
107-
(.17%'
114,-^ 114'.:.!
.
-
4 Va
■
10% Feb 25
May
125
-106%
•19%.
17%
•
'
X9% >19%-
•19%
17 Va
A
17%
•13%
V
*
-T3%>
i
81%
.
500
>
13%' -A
;v*i6%
i3%'
4% Feb 26
>
65% Mar
17% May
Nov
108 Va
•
*108%- HOW
■
13'/a
3,200
.Ay.
24
47% Mar 17
19% Jun
Feb
30
107 %
■'
17, V*
82
81%
1
:
:^'422% .•2.2'//
n22.Va~
?2Va
-
82 X
>
16%'
•
.■A,
18%
•
'
-13y2
:
19% -19%'
'•
•
•114%
Western Union Teleg class
12
Mar
*
*114;?
Maryland
non-cum
Western
21
28% Feb
5
8
54% Jan
Nov
83
23
v
Auto
41% Mar 12
Jan
Lines Inc__
Air
Western
114%
*
4.20%
12% Jan 20
29
—-
preferred series B
_100
West Virginia Coal & Coke—
.5
West Va Pulp & Paper com
No par
4% % preferred j
———100
•
r
*114
109
100
pfd____100
West Penn Power 4%#
'>3
A 28% Feb 25
40% Jun
115
6% Jan .19
.6%
24
59
■H
95% Apr
i
Feb
-
24
preferred
preferred
.Jan
22 Vt Feb
26
May
39% Jun.
r
108% Jan. 25
.Feb 25
22
-36% May
Dec
Feb
35
38%. July
% Dec
15
41% Jan . 24
•
V7%
8% Feb
46% May
s'16% July
;
17% Jan 20
Feb 24
5
29% Nov
1
37 V Mar 17
A10% May
Nov
56
v
26
108% Jan
13% Mar '.'4
105
:'.r 22% Mar
i
28
JOn
13
112% Jan 24
3
106% Jan
110% Juti
34% Dec*
j.
108 % Jan
Jun
'22% Oc t
i
.110% Jan
103%;Febu8
o»t
Jun
.
3
115% Jan
*81%
'
18%
*23 '/a
%
200
25
> *24%
....
•
*-13 >A
'
-i3%
^13%' ;'13.%-.
XXX 4»A
X,;»4X\
•: V
.:4%
'
a
18%
is %
-T6%v ..,.;xi6%
*16%
22% i 22%
.' "•••
xl7% v-i7%; ••'•■•:•,
-
110%. 110%.-
.22%
•
>:<.•••''23% '■V 23%
24 k
,T3%'
13%
4-;
25
*24%
."
,18%
-*23%v
"
17 V,
•'
4'/o
1'25
18%
■
13%
13%.
'I
81% •81%-
-
We
19
24
4% x»"4%'
22%
,
'17%
18%,
' -'.*23%*;
23%*
23%.
k
.
*24 %
24%
24%
■
19% .X
-••13% >13%---:,'*13% )
17 Va'
> *16%
82
*19%'
•
No par
A
'
/
*13%
«%-.X"4%
*81%:
West? Penn Elec Co com-_j_j.No par
14% Jan
?
19 %
*13% '-14
-x.
25%
*24%
•
■
*-16% •-17X--
.
Wesson Oil & Snowdrift: com2.50
7
19.
-
5
:.—1
—6
<£
24.
X
Feb
Wayne.'Knitting Mills--:
Wayne. Pump Go—-—,
84% Jan 24
28 Vi Jan 21-
19% July
114 i Jun
:
*24%
i
.
Motor
Waukesha
24
Jan
Gas Light Co__-.No par
Co
—_5
.-/Washington
>Jan ■ 11
•17% Mar 15\
4
12% Jan
,34%- Aug
19% Mar
v
sSep: V-16%9?ebil0
22
:
12% Feb
*
Corp
.
■'"*
19
■'
;*t _-'A'
fW
Z
19%
Feb
3%
Dec
July
25% Feb
5
6% May
3% Feb
9
35
•Bid and asked prices; no sales
Jan
7
Zenith
Radio
4% Jan
15
Zonite
Products
32
this day.
on
tin receivership,
a
Corp
Corp
Deferred delivery,
Transactions at the New York Stock
*30%
No par
1
3%
Cash sale,
r
s
31
3%
wd When distributed,
Special sales,
Number
Week Ended Mar. 18, 1949
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Int'l
Railroad
of and Miscel.
'
Foreign
^ Bonds
Stocks
Total
Government
Bank
Bonds
Bonds
394,390
$1,424,000
Bond
801,310
2,251,000
337,000
______
______
.
196,700
______
2.559,000
2,767,000
762,720
2,204,000
469,000
666,150
2,112,000
V 352,000
.
«•
A...;' -A
Sales
$1,587,000
3,000
V
2,588,000
Monday
3,062,000
Tuesday
2,676,000
______
Wednesday
Thursday
'.
2,464,000
>
4,031,230
$13,317,000
$1,812,700
Week Ended March 18
1949
8tocks—No.
of
shares
$15,158,700
$29,000
Jan. 1 to March 18
1948
1949
47,348,399
$274,500
$264,000
41,000
545,000
2,308,000
20,143,950
19,488,200
152,060,300
208,811,200
$173,023,750
$230,871,400
49,444,017
U. S.
Bank__
Foreign
Railroad & Industrial
Total
$29,000
1,812,700
13,317,000
$15,158,700
2,140,500
13,809,200:.
$16,014,700
_
;
.
$^8,000
76,000
119,000
118,000
2,000
152,000
12,000
158,000
20,000
31,000
230,000
200,000
24,000
$137,000
$59,000
Foreign
Foreign
Total
281,000
,
8,000
$801,000
1949
Domestic
110,000
2,000
32,000
31,000
28,000
,
232,000
=♦.
$99-7,000
Jan. 1 to March 18
Week Ended March 18
1949
1948
1948
»
846,055
Stocks—No. of shares
Total
$64,000
$4,000
$2,000
846,055
Total
Bonds
Government
>
145,235,
*
4,956,470
71,850
164,725
144,825
160,590
Foreign
Corporate
Foreign'
Government
158,830
___"
Bonds
International
J
1948
$24,000
4,031,230
;•
Domestic
0/
Shares)
Saturday
Bonds (Par Value)
'■.-AA -Ax
A'-., (Number
Week Ended Mar. 18, 1949
Friday
Total
'
"VvAx.'X>- >:>x,■>/':■:: :,•;>> v:.y;;>./x^*r
2,781,700
j
$26,000
295,000
734,850
671,810
'
Bonds
$163,000
Ex-dividend.
Daily, Weekly and Yearly
United States
•
Shares
800
3%
Transactions at the New York Curb Exchange
Exchange
Daily, Weekly and Yearly
Stocks•
x
5,500
31
1,305,913
$801,000
$941,000
$8,501,000
137,000
270,000
2,068,000
59,000
19,000
449,000
$997,000
$1,230,000
$11,018,000
12,025,144
11,858,820
/
:
government—_—
corporate
i
$11,969,000
I
'•
1,911,000
x.t
426,000
$14,306,000
iUHMHhMM
Number 4787
169
Volume
THE
COMMERCIAL
Bond Record
NOTICE—Prices
FINANCIAL
CHRONICLE
(1245)
New York Stock Exchange
«x>
FRIDAY
'•
&
WEEKLY
-
YEARLY
-
"and
are
Interest"—except for Income and defaulted bonda.- Cash and, deferred
delivery sales are disregarded in the week's range, unless they are
the week, and when outside of the regular
weekly range are shown in a footnote in the week In which
they occur. No account is taken of such sales in computing the
V
The italic
'
letters in the column headed
"Interest Period"
/
105.1
i,
,
Range Since Jan. 1
.
-
•
Highest
Sep
Sep
Lowest
4
108.13 Jan
May
26
.
V
110.23
Dec
102.22
Mar" 11
,
110.23 Mar 11
Feb
102.23
Sep
102.23
101.7
Sep
101.19
Jun
101.19
102.31 Jan
Sep
104.9
Jun
100.24 Mar
100.25
100.26
3.
Mar li
104.9
14
Feb
3
Mar 11
102.1
Jan
100.23
102.1
102.31 Jan
14
Feb
Apr
Jan
100.23
Sep
100.24
Sep
101.12 Feb
100.16
Sep
101.12
Jun
101.7
100.7
Oct
100.27 May
102.26 May
101
Jun
101.12 Feb
9
7
101.7
7.
6
100.18 Jan
100.23
102.26 May
100.7
Oct
"g
100.23 Feb
Feb
Feb
v.',
16
101.1
21
1:'■
Sep
102.13 July
102.30 Feb
9
102.30 Feb
9
100.4
May
100.13 Jan
20
100.19 Feb
7
100.2
Feb
100.17 Feb
9
100.21 Feb
16
100.21
Oct
Oct
100.21 Feb
100.31
Sep
9
Dec
100.31
Sep
100.21 Feb
9
Sep
101.19
100.7
Oct
101.8
July
100.16
Jan
26
101.18 Feb
9
101.8
Jan
Jan 26
101.18 Feb
9
Apr
94.14
Jan
98.24 Jan
10
99.11 Jan
?Bid and asked price.
5
•99.27 Mar
3
tCalled
Period
1980
Low
High
•
Low
Thursday
Lew
;
Sale Price
J-D
*101.20
101.22
*100.20
100.22
101.-20' 101.22
*101.19
104.25
*104.23
104.25
*104.23
104.25
104.23
104.25
*104.23
108.27
*108.24
108.27
*108.24
108.27
108.26
1951-1954
106.29
*108.27
108.30
*103.24
103.26
*103.24
103.26
*103.24
103.26
*103.23
103.25
103.23
1956-1959
103.25
*103.23
103.25
*109.14
109.18
*109.15
109.18
*109.15
109.18
*109.15
109.18
109.18
109.21
*10).19
109.22
110.11
-1958-1963
*110.3
110.7
*110.5
110.8
*110.5
110.8
*110.4
110.7
110.8
1960-1965
*110.9
110.12
*110.27
110.31
*110.29
111
*110.29
111
*110.28
110.31
110.30
111.1
1949-1953
*110.31
111.2
*101.6
101.8
*101.6
101.8
*101.5
101.7
*101.5
101.7
101.5
101.7
*101.4
101.6
102.9
102.9
2%s
1950-1952
*102.7
102.9
*102.7
102.9
*102.7
*102.7
2%B
102.9
*102.7
102.9
1952-1954
*102.7
*102.28
102.30
*102.28
102.30
*102.28- 102.30
*102.28
2%a
102.30
*102.29
102.31
1956-1958
*102.30
103
*104.19
104.21
*104.19
104.21
*104.19
104.21
*104.19
104f;2;
*104.20
104.22
*104.23
104.25
*102.15
102.17
*102.15
*102.15
102.17
*102,15 102.17
*102.15
102.17
*102.15
102.17
*102.1
102.3
*102.1
ip2.3~
*102.2
102.4
*102.2
102.4
*101.21
101.23
*101.21
101.23
*101.21
101.23
*101.21
1U1.23
2%s
2%s
2%s
2%s
1962-1967
102.3
*102.1
102.17,
102;3
Jun 1964-1969
*101.21
101.23
*101.21
101.23
Dec 1964-1969
*101.19
101.21
*101.19
101.21
*101.19
101.21
*101.19
101.21
*101.19
101.21
1965-1970
*101.19
101.21
*101.18
101.20
*101.18
101.20
*101.18
101.20
*101.18
101.20
*lul.l8
101.20
*101.18
101.20
101.17
1963-1968
2yas
*102.1
.
2%s
1966-1971
2%s
'7
*101.15
101.17
*101.15
101.17
Jun 1967-1972
*101.15
*101 f
101.2
*101
101.2
*101
101.2
*101
101.2
*101
101.2
2%s
*101.1
101.3
Sep 1967-1972
*103.7
103.9
*103.8
103.10
*103.8
103.10
*103.8
103.10
*103.10
103.12
*103.12
103.14
101.2
*101
101.2
*101
101.2
*101
101.2
*101.1
101.17
*101.15
101.17
*101.15
101.17
*101.15
2%s
Dec 1967-1972
*101?
101.2
*101
2 Vis
1951-1953
*103.5
103.7
*103.5
103.7
*103.5
103.7
*103.5
103.7
2 Vis
103.7
*103.5
103.7
1952-1955
*102.7
102.9
*102.7
102.9
*102.7
102.9
*102.7
102.9
v
*102.8
102.10
*102.9
102.11
*105.8
105.12
*105.9
105.12
*105.9
105.12
*105.8
105.11
*105.8
105.11
*105.9
luo.12
*103.5
103.7
*103.5
103.7
*103.4
103.6.
*103.6
103.8
*103.9
103.11
*100.24
100.26
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.6
100.7
*100.6
100.7
*100.5
100.6
*100.5-100.6
*100.5
100.6
*100.13
100.14
*100.12
100.13
*100.12
100.13
*100.12
100.13
*100.12
100.13
100.20
2Vis.
1954-1956
—
1956-1959
*103.5
-
*103.4
103.6
100.26
*•100.24
100.26
*100.6
100.8
*100X12
100.141
Dec 1949-1951
*100.!20
100.22
*100.20
100.21
*100.19
100.20
*100.19
100.20
*100.19
100.20
*100.19
Mar 1950-1952
*100.24
100.26
*100.24
100.-26
*100.24
100.26
*100.23
100.25
*100.23
100.25
*100.23
luu.25
101.2
*101
101.2
*100.31
101.1
*100.31
101.1
*100.31
101,1
*100.31
101.1
Dec 1959-1962
Jun
1949-1951
Sep 1949-1951
;
1
"
Sep 1950-1952
*101
\
I
*100.24
Govt.
&
AGtd
lund
sink
Akershus
*101.12
101.14
*101.12
101.14
*101.11
101.13
*101.11
101.13
*101.12
101.14
*101.13
101.15
*101.44
101.16
*101.13
101.15
*101.14
101.16
*101.13
101.15
*101.14
101.16
*101.
lol.li
*101.17
101.19
*101.17
101.19
*101.17
101.19
*101.17
101.19
*101.18
101.20
*101.19
101.12
*101.19
101.21
*101.19
101.21
*101.20
101.22
*101.20
101.22
*101.22
101.24
*101.22
101.24
*103.14 103.18
*103.15
103.18
*103.15
103.18
*103.15
103.18
*103.18
103.21
*103.19
10o.22
*100.9
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.9
100.11
1953-1955
l%s
.
1950
Bank
for
100.11
.
106 a72
s
1972
redemption June
Bonds
Bid & Asked
15 at par.
Sold
High
106
*-99.24
1957
FOR
100
100.4
100.8
a
Odd lot
100
*99.28
100.8
*99.24
100.8
*100.4
transaction,
WEEK ENDED
MARCH
99.30
*99.28
100.10
Registered bond
r
99.31
*99.28
100
100.16
*100.8
100.16
100.16
Week's
Friday
Low
No.
New
York
Stock
New York Stock
Interest
Exchange
Period
Last
'
or
Sale Price
106'/a
•:
104 Is
37
Low
61
55 Ve
61
62
59'/a
61%
J-D
*60
65
60
60%
•s
J-D
61
61
4
61
61
7
J-D
*60
J-D
*60
65
65
*60 4
J-D
61
*60
;
(King of Norway) 4s
(Dept) coll 7s A
NY
Sinking
1-1693
fund
gold
§ A External
M-S
1945
5s
^1958
C.
1945
38 VB
38%
37%
37%
38%
J-J
d
1945
f
s
7s
sec
sec
Antwerp
(City)
Australia
1st scries—
j-j
1957
A-O
f
2d
7s 3rd series—1957
f
s
7s
external
5s
3%s
oi
__r
F-A
1957
J-d
3%s
1967
J-D
3%s
1966
j-d
3%s
1962
6V2S
F-A
.—1949
m-S
External
s
f
6s
1955
s
f
7s
1955
94%
94 Va
93
92 %
S
of)
external
8s
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal
s
f 6'/2S of 1926
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal
s
f 6'/2s of
1927
-1941
j_d
1978
90%
90%"
1957
A-O
1979
»
(Int reduced to 3.375% )
(Central Ry)
"
—
'
J-D
J-D
•
(Int reduced to 3.375%)
1979
External $ bunds of 1944 (Plan B) —
-
3%s Series No.
2
J-D
;
;
J-D
3%s Series No. 3
J-D
3%s Series No. 4
3%s Series No. 7
"
•
3 %s
Series No.
No.
90%
102%
10
105%
112
115
118
112
»/2
35
*
--
V
60%
i
62
*51 '/a
—
52
65 y2
4
43
53
61
46%
52
2
42%
52
3
63
J-D41
1
63
57%
A-O
5s
8
M-N
M-N
35%
29",
29
M-S
J-D
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63
63
64
64
57%
64
64 %
64 y2
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42
26%
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1
;
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;
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29
29
4
27%
29
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28%
29
5
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29
5
5%
%
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"
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;*
Institutions
SECURITIES
*63%
(-.AM. MARKS & CO INC-
-
FOREIGN SECURITIES SPECIALISTS
—
65
62%
58 y2
J-D
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62
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62
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65
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59
V
60 !
59
50 Broad St.,
Telephone HAnover 2-0050
37
11
64 Va
59
•
29
37%
~2 ■ i
—
Financial
29
36%
36%
29
29
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1951
36%
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~1
29
37Va
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37
29
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29
1960
(Hukuang Ry)
29
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37%
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—
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y4
28
A-O
1962
27%
32
—
28%
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1960
assented
29
29
63%
*60
1961
___1962:
37
65%
5
*63'/a
33.
;
7s
29
J-D
FOREIGN
63%
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page
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29
,
65%
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For'footnotes'see
A7s
Cons
28%
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1961
assented—
37
21%
"
37%
1961
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35%
2
*37%
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fund
29%
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63%
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1
sink
J-D
1957
1957
assented
27%
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—
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21
v
66
—
52
1963
„1993
28%
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37
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29
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28%
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29
29
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30
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AGuaranteed
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1962
bonds 2-3s
__
35%
53
60%
f $
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AChinese
43
—
11—
3%s Series No. 13
69
65 Vi
—
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-
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'3%s Series No, 12
53%
r
--
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s
104%
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28%
F-A
1962
Mortgage Bank
A6V2S assented
A6s
69%
45%
72
53
Extl
13
.
37%
J-J
J-J
ioi y2
lOfi'/a 106%
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1963
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53%
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J-D
3%s Series No. 8
3%s Series
91 V
85
84%
*67%
—
J-D
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"
i
101 %
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■—
J-D
3%s Series No. 5
3%s Series No. 9
91%
•
993/a
4
FIRM TRADING MARKETS
1
3%s Series No.
....
93%
10
1
102 %
*28%
M-S
61%
104 %
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X
assented
101%
58
101
A-O
fund 6s
assented
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14
53
A-O
■
89
85%
12
*67'/a
—
funding bonds of 1931 due__1951
Stamped pursuant to Plan A
v
94%
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1978
90
102
13
*69
1
5%
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'
to 3.5%)
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40
-
117% 118
Stamped pursuant to Plan A
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""
1979
1952
A 6s
98%
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*50
Sep 1961
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26
62
.
*37%
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83
M-N
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56%
61
53
102
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6s
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% 104 y4
J-J
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f
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36
/
s
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111
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•
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101
•
89 3 4
90%
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101%
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95
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89
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89
A-O
1957
37%
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12
93%
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38
;.'v 12
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—
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—
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61%
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102
103
1960
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1942
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v.
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1960
f
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;
i
85
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;!.;
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101
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15-year
31%
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37%
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1956
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81
6
.
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1958
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Belgium
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__
s
10
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series
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85
—
1945
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f 7s
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85
__
F-A
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1942
s
63
(ii%, "
100 % 100%
1954
8s
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55 Va
60%
*60 !
1960
4s
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57
*
1961
(City)
(Rep)
•
60
4
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1950
of)
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71
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s
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t
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1968
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s
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(City)
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!
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.
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56
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58
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Teletype
6
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—
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*61
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61
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lAChile
—
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Low
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A
F-A
Range Since
Sold
No.
J-D
3%s Series No. 23
3%s Series No. 24
Exchange
A-O
Bonds
High
3%s Series No. 16
107 >/a
(Colombia) —
1948
29,0U0
Range
Friday's
Bid & Asked
1
High
Municipal
1947
100.24
3%s Series No. 141
3%s Series No. 15
Broadway, New York
6s
100
transaction.
BONDS'
Jan. 1
*99.28
*100.16
J8
Range Since
Wertheim & Co.
6s
fund
100.26
-1951-1953
Jun 1952-1954 %
Dec 1952-1954
Sinking fund gold 6s
sink
*100.24
—1951-1955
:
Canada
Foreign
101.3
*100.24
Jun 1959-1962
3%s Series No. 27
§AGtd
104.25
2%a
Foreign Securities
Agricultural Mtge Bank
101.21
2%8
3%s Series No. 20
120
Beads(f)
101.23
3%s Series No. 21
2-2300
ths Week
High
*104.23
*101.21
3%s Series No. 22__
REctor
Lew
*108.24
3%s Series No. 17
3%s Series No. 18
Members
Sales fsr
Mar. 18
High
108.28'
3%s Series No. 19
Telephone
Friday
Mar. 17
High
104.26
Week's Range
or
Friday's -
Last
City
Transit Unification Issue—
3% Corporate Stock
High
101.23
2%a
for
Low
York
PRICES
*108.24
RANGE
New
BALE
Mar. 16
*104.24
•25-year 3s
day.
Interest
Exchange
Low
tUgh
HIGH
Wednesday
V
Mar. 15
,
*101.21
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100.16 Mar 17
Friday
BONDS
(' Tuesday
Mar. 14
Reconstruction & Development
No sales transacted this
New York Stock
U»
i
,
of
year.
2%i
Treasury
98.30 May
99.30 May
Monday.
v
Mar. 12
,
the
1955-1960
International
94.10
Bwtvrday
*
transactions
for
point.
a
LOW AND
'
only
_1949-1952
Treasury
2s
Treasury 2s
Treasury 2s
Treasury
2s
Treasury 2s
Treasury 2s
101.18 July
100.30
101.26 May
of
the
range
.
_____1951-1955
Treasury 2Vis
Treasury
2 Vis
Treasury
2 Vis
tTreasury 2s
Treasury 2s
Treasury
2s
Treasury 2s
101.13 Mar
101.7
mature.
2%a
Treasury
Mar
Mar
3VsS
bonds
t ese ermore 82d
,'V*J *.'.•*
,
when the
2%&__
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
3
Feb
101.14
100.21
month
.
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100
100
the
case
stock
3s
Treasury
Treasury
Treasury
Treasury
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Treasury
Treasury
Treasury
101.11 Jan
yobk
EXCHANGE
V
.
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Treasury
Jan~26
108.13
; new
'
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_
101.18
;
105.28 Mar
108.28
each
GOVERNMENT BONDS
Year 1948
107.4
in
figures after decimal paint
Kange for Previous
Lowest
Indicate
New York 4, N. Y.
Teletype NY;',.1-971.
7%
29
COMMERCIAL &
NEW
YORK
FINANCIAL
BOND
CHRONICLE
Monday, March 21, 1949
RECORD
RANGE FOR WEEK ENDED MARCH 18
Friday
BONDS
Interest
New York Stock Exchange
Period
'
Last
or
Sale Price
Friday's
Bonds
Bid & Asked
'
Range Since
Sold
Low
Colombia
A
6s
of 1928
—Oct 1901
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J
$
bonds
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of)
1953
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to
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13
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87%
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40
1940
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1947
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1961
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1967
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56
—due Dec 1 1995
income
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79
11
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99
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11
97%
99
98 Va
M-N
——1976
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5
97%
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j-j
101 y* 101'A
10
101 'a
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1967
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series AC5s series II
M-N
5s
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ABieda
1961
1960
•J-J
M-N
July 1970
(Ernesto) Co 7s_——
81
28%
28
27
31%
37%
33%
38 %
27
24%
Stamped'modified 4%s
Bush
31
Terminal
'Consolidated
Bush Terminal
1st
23
81
104
10
I
*99 Va
m-n
m-n
J.—1._1952
56%
13
1007b
'■
—l—1955
j-j
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gtd.——1960
102
A-O
92 %
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99 Va
■
:
92 %
33
102
2
92%
3
105 ': 105
8
35%
104
102
97%
100%
90'A
4
56 VA "57
a-o
5s
94
59'A
103 Va
*101" "
94%
83%
55
35%
....
J-J
1957
4s
100
56 Va
100% 3.01
f-a
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>____——1976
Buffalo Niagara El 1st mtge
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Buffalo Rochester & Pgh Ry—.
29%
82'/«
*35 ""
104
87
101
—
56
f-a
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29
85
101
—-
90
81
56'A
1954
29
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27
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1968
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102
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91 Vb
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99
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29
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37%
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1
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38
27 V*
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—
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—
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27 %
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::
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104
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105'A.
102
100%
102
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28
97%
114% 114%
3
104%
gold 4%Sj—
1957
gold 5s
—Oct 1969
J-J
113%
115%
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106% 106%
1
106%
107%
gold
f-a
107% 107Vb
1
107%
108%
113VB 113%
20
5s_—
1970
52
52
gold
4%s___-
1955
J-D
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113%
gold
4%s_—
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112%
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5
112%
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M-S
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106 V4 106%
16
106 %
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106%
49
93%
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52
41
"l
2
33%
41
66
41
54 Vi
66
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stock (perpetual
4s
J-J
Clinchfield & Ohio
&
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gtd
97
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1965
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96%
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98
V
4s
—1981
J-D
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1965
A-O
102% 103
62
—
61%
62
40%
52
deb
conv
Carthage
1st mtge
34%
66
52
46
55 %
::
M-N
1936
*99
M-N
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A
2.5%
28 Vi
53
39'A
•
27
27%
*40
2012
National
J-D
1974
Guaranteed
28 VB
1
t
—1976
gtd 5s A_„1962
Ry—
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1st 3s
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Guaranteed
A
2%)
Extension
Bristol-Myers Co 3s Debs.1
*32
J-D
1952
8s
2.5%)
4s—
Guaranteed
27 >4
J-D
1950
to
1.02 % 103 Vi
52%
J-J
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas-4s debentures—1969
A
external
reduced
115%
104%
102%
J-D
42
A
1957
Plan
Stamped pursuant to Plan
(Int
J
Calif Oregon
m-n
2004
f
Stamped pursuant to Plan
'
9%
*32
J-D
2004
2.25%)
2.375%)——2001
s
109
104
„
58%
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1st mtge 4s series RR
1_:
9V4
A
—1952
to
M-S
122%" 126%
113
*104%
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1st
12 %
6%
*45
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Stamped pursuant to Plan
reduced
5%
9%
10
31
f-a
1999
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(Int
.
*35
a-o
■
1946
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112
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stamped
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6%S
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92
—
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stmp pursuant to Plan
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86
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of
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125% 125%
,
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9>/4
29
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8
6 Va
9%
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J-J
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to
4s
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-
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Plan
fund
loan
9V4
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Plan A
1953
to
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113
80
lixed
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Boston & Maine RR—
^
to
81%
86
.
A-O
*14%
j-d
^2001
2.375%)
to
sink
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1921
reduced
external
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1958
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20
19%
(State
164 %
*79%
A-O
3%s—1951
30 Vi
19%
to
103%
102%
due Mar 1 2000
K„
Creek
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19%
Stamped pursuant
external
26 '/a
17%
2.375%)
Grande do Sul
§ A8s extl loan of
A6s
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17%
to
105 %
103 Vi
12
M-N
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2%s debs—1961
Bethlehem Steel Corp—
•
'
40
17 »A
1963
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(Int
*19%
1968
reduced
(2%
Bell
103
35
40
72
6 Vis
sec
103
—
27
to
103 %
26
due Dec 1 1995
lien & ref M 4s
4s
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84 Vi
19%
f
'
102
19%
Stamped pursuant
(Int
82%
19 Va
gold 6s
reduced
External
.*29
m-s
7Vis 1966 stmp pursuant to
Plan A
(Int reduced to
2.25%)——2006
fARio de Janeiro
(City of) 8s
.1940
(Int
89
—
84
19 VA
to
5%
G
Series
1st
'
*90%
19%
pursuant
52
90
89 Va
87%
19%
to
105% 105%
contingent interest) —
S'western div 1st mtge 5% ser A
; i.
(3%% fxd & 1%% cont int) —1980
Toledo Cincinnati division
87 Va
14
.m-s
1959
(City of) 8s
(Int reduced
mtge
gen
3%
Ref
89
j-d
to
97 %
103% 103%
103% 104
fixed
M——due Mar 1 1996
Ref & gen mtge 6%
(2%% fixed
and 3%% contingent
interest) —
91%
18
a-o
pursuant
(4%
A4 '/as conv
1960
fund
110)8
94
.
assented
External sink
94-',b"
105'%
105%
104
Q-j
A-O
92
21
248
103%
Pgh Lake Erie & West Va—
1961
■.
July 1975
B
ser
contingent int)—July 1975
95
ser
A4Vis assented
APorto Alegre
5%.
1%
&
30
85
m-s
2008
7s
1st
s
mtge
A
ser
93
f 6s 2d ser
A4%s assented
§ A Stabilization loan
1966
30
91%
A
2.125%)
f 6s
4s_——„_1948
37
84 VB
.•
§APoland (Rep of)
1st 4s—1948
37
86
j-d
1967
*
external
1995
Refining 2%s debs.
and
,
88%
M-N
1994
8 APernambuco (State
of) 7s
Stamped pursuant to Plan
(Rep of)
_:
mtge 4s
Con
1963
Ext sec ref 3%s series
B
to
1966
Topeka & Santa Fe—
23
97%
107%
106
Bangor & Aroostook RR—
(Republic) —
AStamped assented 5s
Stamp mod 3%s ext to
reduced
1995
:B
102 VB ,103%
-
A-O
4s__—July
69
203
-
a-O
1969
—
87%
a-o
96%
106
J-D
1962
Ref
38
91 VB
a-o
J-D
92
28
102% 103'%
94% 94%
J-D
J-D
deb 3s„
Series
m-s
m-s
91%
-103:
A-O
1987
1973
25%
--
9b
88 Vi
92
1957
25%
*31%
m-n
v
'
94%
91%
debentures-————
1st
—
34
94Vi
96 Vi
96%
J-J
,J-D
Series
*27%
92
B
9%
—
m-s
_1959
*31
89 Vi
13
94%
96%
debentures——
Series
]m-s
84
94%
debentures
and
-1958
82
155
Baltimore & Ohio RR—
10 Vi
8%
166
37 Vi
75
94 Vi
debentures——————
conv
1st
Y-j
9lJ Va
11
F-A
7
j-j
A-O
80 VB
99
7%
9V4
80
99%
A-O
1961
101 Vi
86
1980
1986
Ry
100'A
*80
89
.1982
40%
104',«
106%
*98 "a
M-S
85%
—
4s
36%
104%
89
debentures
debentures
Atlantic
Y-j
A-O
Va
104 Vi
100'/a 106 Vi
*101Vi
A-O
7
COMPANIES
„
M-S
debentures
§ A Atlantic & Danville
SASeeond mortgage
4'A
J-J
b
5%
•.
40%
82
Stamped 4s_—_
July 1 1995
Atlanta & Charlotte Air Line
Ry—
1st mortgage 3%s„—
1963
Atlantic Coast 1st cons
4s_—-July 1952
General unified 4Vis A
1964
11
40%
*104%
81
A P W Products Co 5s__
9%
INDUSTRIAL
-
—
81
2030
2%s
15%
7
6
__
■■
J-D
conv
General
y-J
6%
f 6%s_—
1956
—1966
___,
gold
14
—1975
deductions
1st
AND
.
—
4s__1998
Telephone & Telegraph Co—
2%s
102
4%
13%
1972
87
*5%
M-N
4%s„1975
120
-
74
*10%
A-O
196?
Foreign Pow deb 5s
Atchison
1952
to
1952
debentures——
3s
Q-J
1963
Stamped
&
Amer Tobacco Co
(1942 agree)- -1963
reduced
f-a
3Vis
85 Vi
*35
f-a
Susquehanna RR
American
38
Panama
A
Amer
q-j
1955
\v
&
2%s
5
*70
a-o
.1958
3 Vis
4
86%
j-j
7s___—1958
Alleghany <& Western 1st gtd
Allis-Chalrners Mfg 2s debs^
Airlines 3s debs
8'A
9%
to
external
3%s
1957
Stamped
34 VB
(City)
assented
2%s
J-J
1945
,_1970
A
75
26
-American
—
1968
1963
s
A4Vis
87
70
2%s
M-N
1943
1965
APeru
81 Va
'
1957
(Int
3
1952
2%s
4-0
1956
.
80
84 3
f-a
RAILROAD
41
(ass'td
..
;
87
79
AAdriatic Electric Co 7s
Great Southern
Alabama Power 1st mtge
40%
39%
J-D
—
3 Vis
86'A
83 Va
2
Alabama
25%
40%
a-o
Stamped pursuant to Plan A
(Int reduced to
2.125%)
.2008
ASec external s
f 6Vis
(Int
81
16
Albany
•24%
j-d
1945
Stamped pursuant
91
130
130
*121
84%
1003b
40%
to
6 Vis
s
90%
84
(State) —
ASec external
92
8%
87
A4%s
V
56
26
40 %
l_
(City of)
*90'A
6
87
__—1978
26%
:
ass'td
II—
J-J
8Va
12
84
conv..
4-41/4-4Vis extl readjustment——1978
3Vis extl readjustment
1984
25%
agreement)—_—-— .1933
New
8
11%
—
conversion,—
'
18
1954
ASmall
8
J-D
8%
5%
12
j-d
67/B
5'A
4
100 V2
to
1913
11
5%
m-n
1937)
AVenetian Provinces 7s_,
16%
ASmall
gATreasury
7
6%
*11
„
1001'0
o
1979
AWarsaw
'
<■8
(1942
7
m-n
bond of
8
30
1953
agreement)
ASmall
New
99
6%
M-N
J-D
76
9910
7
1979
($
readjustment-
37/a-4Vi-4^s extl
14
66
agree— 1945
1922
A4s
99};!
*126
102
26:! i
1950
(1942 agree)
(assented
A-O
M-N
118%
*130
External
25%
ass'td (1942
agree) .1968
1910
54
95 Vi
Af-N
102
30
56
*8
new
38
—
A-O
■
62 Va
1964
2%s
agreement.)
§A4s of
55
6s—
6
•
8%
56
1.
(assented
1946
,61%
fund
Ann Arbor
1904
*51
sink
3%-4-4 Vis
11V2,
'
6
6'A
ASmall
A4s
1957
61 Va
A-O
F-A
2
16
102
j-j
-due
ass'td
66
55
M-N
External
ASmall
New
58
*48
6S________1960
61%
24 V4
1954
1899
"ALarge
55
,
High
fund
77
-
24'/4
1951
ALarge
A5s
Jan. 1
Low
sink
52%
■/
J-J
agree)__ 1968
1922
1958
—1958
Sydney
Small
to
——1962
extl 7s
of)
assented
56
M-S
ALarge
§ A5s Assented
1978
—1962
extl
sec
46
26
1957
«.—
A
61%
•
(Kingdom)-—
external—
B
(Prov
A4%s
(Republic of) —
§A5s
51%
J-J
—1940
2
26%
agree— 1943
(1942
;
5
.
j-j
__1952
7s
———
Small
52 Va
*12
*
'
76 \
59
102
j-J
Mexican
A
73%
1947
Metropolitan Water Sewerage &
Drainage Board 5Vis
Mexico
84 Va
64%
1977
6Vis
1922
«
M-N
1977
7s
A4Vis small
ANew assented
74%'
51 %
A-O
1977
Italy (Kingdom of) 7s
AJugoslavia (State Mtge Bk)
AMedellin
(Colombia)
Irrigation—
,§A4Vis assented to
11
44
47
series
51%
Range Since
Sold
No.
M-S
J-J
loan—
7s_:
secured
ASllesia
63
73%
59
F-A
1960
A
.
f
s
Bonds
High
A
2.25%)
Serbs Croats & Slovenes
90 Va
84 Va
*75%
M-N
1960
Utility—
Credit Institute
1% to 3%
A
:
52
81%'
89%
1956
2GG4
to Plan
to
Stamped pursuant to Plan A
(Int reduced to 3.5% )
11J %
loo
Friday's
AExternal
J -j
1968
f
.
14%
72
73 Vi
M-S
1964
ext 6Vis
extl s f 5s
Italian Credit Consortium
for
Public Works 1% to
3%
§A7s series B
Italian Public
External
20
dollar
I ASecured
74
82%
j-j
1967
paid
paid
s
106
reduced
—-—1968
stamped pursuant to Plan A ■
(Int. reduced to 2% )
2012
73%
12 %
88%
j-j
1949
Helsingfors (City)
(Republic) extl
extl
1
68%
*59
89%
J-J
Jan 1, 1976
Irish Free State
Italian
A 6s
42%
63%
,
or
Bid & Asked
AExternal
(Republic of) 7s
French Republic extl
7s
Greek Government—
A 6s
2
loan
water
A7s
A-O
Jan 1, 1976
—Jan 1, 1976
Estonia
A 7s
60
23
14%
106
F-A
1962
$
extl
74
73%
extl
(Int
•
73%
Week's Range
Last
Sale Price
(continued)—
Stamped pursuant
i,*
—
$
3s
A
42%
%
42%
14 Va
J- J
1955
of)
'
A-0
6s——1942
4Vis
42
.
(State)
nes
-I960
extl
5Vis
(Republic
f
s
to
38%
•'
71%
-J
J-D
Czechoslovakia (State)—
Stamped assented (int reduced
'
*41
__
•V'
7_
A7s
71 VB
357/B-
*41
__
F-A
1952
25-year gold 4%s
ACosta Rica (Rep of)
(Republic
M-N
Period
Low
70%
70'A
«
38
r
Exchange
High
70'A
37%
*41
——
"l
70 %
36%
36%
'
1947
5s
Low
75
70%
A-O
A-O
1946
1927
Copenhagen
*69%
J-J
1970
1947
No.
Interest
New York Stock
San Paulo
A-O
Jan 1961
f
s
*5 A Colombia
Mtge Bank 6%s
t
§ASinking fund 7s of 1926
§ A Sinking fund 7s of
Cuba
High
(Republic of)—
Friday
BONDS
Jan. 1
\
Celanese
Corp 3s debs
Celotex Corp 3%s debs—
3%s debs
(1947
—I960
F-A
*100'A
issue)——.—I960
F-A
*75
§ ACent Branch U P 1st gold 4s
Central
1st
of
mtge
102%
103%
100
101%
*100
J-D
19
Georgia Ry—
4s ser A
i
1948
t
.
•
—
—
85
-
—
,
1—1995
Gen mtge 4%s ser A
,—Jan 1 2020
Gen mtge 4%s ser B
Jan 1 2020
Central Illinois Light 3%s-L_
1966
J-J
62 %
May
A-O
62
*65%
May
45
42
*108
62 %
U
100
-
61%
67%
65%
—
45
72
42
52
Number 4787
Volume 169
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1247)
NEW YORK BOND RECORD
RANGE
Friday
BONDS
;' '
>
Interest
Last
Period
Exchange
New York Stock
or
Sale Price
Friday's
a
4s
Central
York
New
1st & ref
51
51
Q-J
50 y8
50
51
Power
1st ref
3s
1974
'•
—
A-O
103
103
F-A
gtd gold 4s_1949
100 S3
Ref
1974
F-A
1968
R
gold
4'As
Div
1st
*100 va
M-S
&
ref
4'/2S
series
ref mtge
& ref mtge
1st
B
mtge
.1st mtge 3%s
Gen
inc
mtge
Chicago Ind
1st mtge
4s
4 /2S conv
inc
Phicago & North
1st
&
*y2
110'%
|
100%
5s
Ref &
Louis
4VaS
&
y
4S::::I?QT
1990
IZ"l9™
{"J."
19-n
iS
4~%sZ
debentures
59%
89%
97.%
5
*10114 102
76
Tire
101 %
69
75
2
69
2
>102
E
Rub
&
•'
101%
<B
of
Co
F)
1st & ref mtge 23/4s ser A
102 %
"
J-D
*92
95
J-D
*81
82
J-D
*79
82%
J-D
0
99
D___
92
86%
122
56%
100
M-N
-
6
1956
M-N
*102% 103%
J-D
5s
1949
44
46
M-S
102% 102%
2
A-O
103% 104'%
16
M-S
*106%
F-A
F-A
•
M-S
J-D
101%
103%
106
„
J-J
104'%
*104%
lst
mtge 2%s_1965
M-N
B
1952
A-O
37
104
J-J
1976
J-J
D
109'A 109%
2%s
ser
2010
J-J
78
78
1
75
78'a
mtge
2'As
ser
1961
J-J
96'a
96'a
4
94%
96%
Feb
65
65
1
62%
70'a
a
Bay
Q_!
R
West
&
Debentures
ctfs
deb ctfs
A
Gulf
Mobile
B
lst
&
Gen
&
4s
ref
Ohio
95 Va
series
B
*88%
ref 3%s
Gulf
States
*95%
A-O
J-J
J-J
*
A-O
*97 %
1969
Jan 2044
1968
M
lst
2%s
Delaware
lst
4-6s
Power
&
mtge
Denver &
&
coll
tr
3s
1978
96'a
A-O
1969
debentures
J-J
*._
*124'a
j-j
*a6%
Finance
lst
Gas
Corp
f
5s
23As__*^-.1970
series A
*93%
Gen
&
ref
Gen
&
ref
101
—
M-N
12
Manhattan
103% 103%
M-S
J-D
J-J
106%
-
.
•
J.-
Illinois
3s
conv
Second
gold
Detroit Term
&
lst
lst
gold
gold
3s
96%
97'A
121'a
.
124%
98
J--'" "
91%
21
90 >/4
96
1
102 a
103
98
95
63
64%
37
61'a
67'A
24%
202
21%
25%
J-J
98%
t8%
98%
13
102%
___1978
90%
.
90%
102
J-D
,'1(
102
1951
gold 4s_
98%
99%
103%
106
io71/2
102%
101%
4
99
93%
5
93%
93%
'47
J-D
48%
32%
*78
100'a
95%
48%
32 %
52
31%
5
36
Gold
103
105%
J-J
100%
100% 100%
15
100%
101'A
1953
gold 4s
M-N
102
100%
102%
M-N
105%
.
——■
F-A
1950
lst
J-D
1951
J-J
•
100%
102
gold 3s
lst
34
gold
3s__
_1951
gold 3s—_1951
3%s
lst
80%
v-u^r:
gold
lst
lst
&
lst
ref
Illinois
ref
St
L
N
Adjustment
25%
30%
a
33%
35
a lst
32%
35
5s
*32 v4
34
*99% 100 y4
*::
J-D
99
J-J
J-D
101'A
102%
103
*101%
F-A
*102%
*101'A
—
*100'A
J-D
88%
J-D
83
98%
—
—
—
—
__
J-J
95'a
51
92%
99%
88%
89
16
87'A
93%
82%
83
3
81'A
87
94%
A
1970
98%
1
1950
•
J-J
100'A 100%
5
1986
-
J-D
*89
Northern
series A
100%
98
100'A
100%
100%
RR—
July 1952
B
J-J
•
63%
1956
A-O
M-N
lst 5s B
65
46
59
67%
24%
68
21%
25'%
59
26
53%
61%
58%
J-J
1944
1972
23%
J-J
23
57'%
A-O
1956
Rys Cent Amer
__
—
4s
__1952
6s
__
58%
69%
53%
7
69%
43
*97%
69%—
99%
61'A
67'%
69%
98
99%
100%
103%
103 %
101%
102
103%
Jamestown Frankl & Clear lst 4s__1959
91
85
64
68
71
33
68
77
M-S
97%
97%
98
11
96%
98
-1990
A-O
_1976
J-D
*99%
J-D
"101'A
Pow
Lt
&
27/8s
96%
65%-
68
1976
_1978 V.
94 vb
J-D
Jersey Central
~7':
y4101%
93 y2
101
J-J
J-J
a 1st gold 5s Series
C_^
SAInternat Hydro-Elec deb 6s
*98
*101
102'A
100%
O—
A
series
101'A
100 %
1963
Great
100%
5
1963
ser
88%
100%
3
103%
4
C
gold
107'A
103'/a
—
3
D_^
4s
105%
79'A
56
102'/a
94 34
Ry
10"
82%
100% 100%
series
Terminal
series
102
1951
Indianapolis Union Ry Co—
Ref & Imp 2'%s ser C
6s
100%
J-D
Indiana 111 & Iowa lst
102%
100% 100%
1963
4s ser
1st
*103 VB
series A
4'%s
mtge
&
80%
100% 100%
J-J
F-A
5s
__
105'A 105%
1951
3'%s
1st gold 4s
Chic
102
1951
-
ref
— —
101%
103%
•
.1966
Div
Cent and
Joint
'•
2
Registered
111
70
104% 104 %
—1952
Bridge gold 4s
a
"3
27
*32 >/4
94%
*101%
104%
__1955
3V2S--S.
trust
{International
81
26%
A-O
*35
_
A-o
M-N
1955
lines
Western Lines
101 %
*101%
'
J952
-I—
4s__—
Div
103
101 %
*101%
M-S
.
104
103
J-J
A-O
1951
99%
97
103% 104
J-J
:—1951
trust
Litchfield
95 %
100'%
*63'%
87%
68%
64%
64
;v-;"
64%
12
A-O
104% 104%
15
J-D
*—
64
69%
104%
96
100'a
101
•
-
.
—
—1950 1
lst
mtge 4s
ser
A
i.
A-O
101'/a
12
101'/a
-1975
A-O
104 %
104'/a 104%
23
103'a
105'a
J-D
101% 101%
5
99%
101%
A-O
*99'A 104
99%
100%
101'/a 101'a
J-J
89 %
-1987
89%
7
Apr
65
64%
65%
49
61%
J-J
*53
J-J
J-J
1993
1966
J-J
J-J
1997
A-O
65%
J-D
M-S
81
105
6
10
108%
110
22
104'/8
105%
98%
*98%
__
M-N
101% 101%
M-S
*88%
108 y4
*114%
101%
114'a
100%
108
65
114%
100%
—
108
-k—
__
1
*108
*98'/a
*170%
__
__
i'-':'
99%
104% 105
1961
B__1976
Kings County El L & P 6s.
81%
108% 108%
M-S
'
*97
1961
91%
J-J
1961
87
r
-1961
1961
1993
*55
33.
96
+"+■
__
-1974 1
.
*66
ser
96
-1968
103%
107'%
J-D
97%
—
23'A
gold 3'/2S_
sterling—
Springfield Div
101%
J-D
4 Vis
page
101%
64%
1951
lst
Collateral
98%
5
1995
see
101%
23%
3%s
Purchased
104%
15
lien gold 4s—1995
4s
For footnotes
•
A-O
4s
gold
Refunding.
107'a
101% 101 %
J-D
,.Det Tol & Ironton RR 2%s
__
;
F-A
Telep 2%s series A—1981
lst
105%
102%
180
1958
Tunnel
97
:
Bell
Extended
lst
100 Ve 100 Vb
M-N
1982
I
debentures.^—.
Detroit & Mack
A
series
,
1957
lst mtge 3s series B—
Illinois Central RR—
103
94%
5
106% 106%
102'/4 102%-
ioI%
J-J
1970
series H
2%s
61
95%
•
M-N
lst 5s A
income 5s'.
AAdj
101%
96
—
3Vis series.,.G
3s
—
11
j-d
J-J
(4%%
mtge
(3%
fixed
contingent int)^
1 %
—
1962
Income
Detroit Edison
__
97
74
98
53
25
1949
5s
F-A
10
A-O
2018
Lake
66'A
Feb 1957
s
lst gold
RR—
contingent int)
Salt
101%
97
H
j-j
Louisville Div & Term gold 3'%s_1953
99%
J-D
1977
mtge ser A (3% fixed
1% contingent int)
&
103'a
95%
99%
101%
M-a
lst
Denver
10%
,
K
3 VaS^-
mtge ser A
8
103'a
*101
lst mtge 2%s__1976
Hocking Valley Ry 1st 4'%s
1999
div
Rio Grande West
Alncome
89
102
56%
*97%
M-N
Omaha
99%
M-N
Tr
96 %
93
86'a
66 %
55
J-J
___1976
St Louis Div & Term
1965
Alncome i\tge
Coll
97
92 %
*98% 101%
Apr
seris
Util
93%
,":
*100% 103
1975
D
inc 4s ser B
Gen mtge
6
■
90
,
July 2015
inc 5s ser A
mtge
lst &
95 Va
93
Feb
1959
106%
101 ;.
J-D
.___i-_May 1 7042
Light 3s
1973
ser
95%
RR—
104%
3
M-N
5s
117%
mtge
104%
95 '/2
1993
Western
M
121%
116
J-J
104%
M-N
&
ref
110%
120
_1982
106
95'%
1973
&
109'A
g
P__
104'%
A-O
C
Lack
100%
ser
4
98
M-N
Y
24
117% 117%
J-J
5
97%
A-O
lst
87
99'A
*122%
J-J
"
104 vb
■
__
*100% 104%
M-S
1963
N
100
85%
87%
*100% 100% '
J-J
—;—r.1973
series
106% 106 VB
104 y8
,
F-A
due
:
Morris & Essex division
v
100
*86
2%s
Cairo
104
1965
Delaware & Hudson 4s extended
Delaware Lack & West RR Co—
59
103'/a
mtge
*105
1978
B
ser
65'A
57%
102%
—
Gen
50%
44
1978
Ry 3Vis
2%s debs
103
55
57
D
Co
104%
101%
—
40
-
Int
&
—
55%
1990
106 %
44
M-N
J-D
Deere
104
55
M-S
105
47
106%
102% 103
J-D
Dayton Union
103'A
*100
*102
55
2000
&
104%
104%
105'%
103%
1975
9
M-S
N
Hudson
62%
87 %
103%
1946
A
103% 104
103%,
J-D
O—
Coal
57%
82%
102
Ia V/2S s,eriei A deP°sit rctsIIIIiiie
lst mtge 3s series
—
—
ser
Co
15
14
97
J-J
Dayton Pr & Lt lst mtge 23/4s
lst mortgage 3s
—
*101%
197s
§, series B deposit receipts
99
99
*99
ser
Hudson
60'%
83
104
—x«42
*—
3 Vbs
Hudson
59%
108% 106%
A-O
196a
II
87'A
1969
series
4'/2S
68%
4
_
80
Household
62%
82'%-
F-A
Tqc7
Ry 1st 5 "45
A
Deposit receipts
5
81%
79
100
58%
*105
1342
SACuba Northern
80
92
79
—
37
—i?m
}Ses
Baking 3s debs
1st mt6e 3t4s
Crucible steel
80
Hackensack Water
J-D
iqio
__
J-J
M-S
M-S
mtge 3'/8S
3s
106
lq77
debentures
Consolidated Natural Gas 2%s~~
Consumers Power 1st mtge 27/8i~
89 'A
101%
106%
1972
80
mtge
no
3
A-O
19??
4
Gen
101
102'a
A-O
1902
90 Va
82
deposit
Collateral trust 3%s
100
108
iqnl
95%
80
*95% 102
1959
Refunding 5s
Debenture 4%s
"
72
A-O
Gen
106%
97
iq77
64%
'
Ry Co—
5'/2s
General
104%
1047/8
••
18
101
J-J
99
1974
& Utilities Corp—
lst mortgage
101
4
67
J-J
1961
4Vis
of Berg Co cons
General
103
103%
6
*109
F-A
59 3
—
64%
2000
1953
1971
debs
3s
lst
General 5s series C
72%
106%
106%
F-A
82%
65 %
1964
inc debs
Great Northern
A Green
77
1
—
M-N
8
1990
Sugar coll trust 6s
Gas & Elec
'
101%• 101
J-J
105% 105%
Gen
102
103%
103
103% 103%
105% 106
J-J
a
__
'105
J-J
Jan 2015
3V4S-.
mtge
ACertificates
Collateral
1st & ref mtge 2%s ser B
1st & ref mtge 23/4s ser c
receipts
/
76':;
69
58%
105 va
__
Gen
98%
103%
106
lqaJ
RR 1st 5s gold
103
104% 104%
J-J
105'a
103 %
__
'
105'%
,
19V1
Conn
§ A Deposit
-90%
12
1970
A
ser
lst & ref 5s series A
Francisco
89 Vi
106%
16
Ry & L 1st & ref 4yas
Conn River Pwr s f 33/4S A__
Consolidated Cigar Corp 3%s~~~~~i965
Consolidated Edison of New York—
Continental
106
116
103% 103 %
.
1Q7,
1st mtge 3s series N_____
A Cuba
95%
4
97%
48:1-1955
ref 3s series
86 %
106% 106%
107% 107%
iqfin
.
conv
A
a 4s conv
107%
1977
Corj>—
^
lst
General Realty
3q77
Commonwealth Edison Co—
1st mtge 3s series L
1st &
103%
1977
~~
Coiiunbus & sou Ohio El 3~V*s~
Columbus & Toledo 1st extl
3s
99%
51 %
101
112
105
__
94%
17
-V.
A-O
1970
Ry—
_
ji v
121
*101..
A-O
112
49
51
93%
54%
105%
101%
65 Va
46 %
52%
Co—~~
3'/«s debentures
Columbia Gas System, Inc—
3y4s
60'a
*87 %
M-S
1977
trust 4s
Electric
Div
tFlorida East Coast
54
J-J
19<n
(stamped modified)
&
.
V;
65
96
4%s
inc
Greyhound Corp 3s debs
}qq,
El"""
Terminals
Sbuthern
"
5
-
.
RyU"1961
li>t mtge 5y2s series
A.__1st mtge 5s series B
1st mtge 4%s series C
Colorado
.
46 %
Pittsburgh RR—
Union
,
77%
56%
103%
100
;
v
63%
48%
65%
y.;s 3 j;'-'
55
J-J
Tq??
'
Series D 3y2s gtd .I...
Cleve Short Line lst
gtd
Cleveland
»•>,•
119
J-J
i96q
Electric Ilium 3s
3s
&
mtge
Firestone
87
48%
J-J
1975
—{q^
8
1st mortgage
Cleveland
65'%
75
120%
75%
58 V*
J-D
1994
Jogq
ist
74%
15
47
J-D
debs
1st coll
118
-
54
Apr
debs::::::"i^6
iq£?
Mich Div
Div
1
76
78%
47%
J-D
_1962
impt 4%s series
cin wab &
St
46'/a
100%
•
4
B
43
100
106%
—
.
,
iqco
____
series
23
57
J-J
46
98%
45%
89%
J-J
iqq4
_
gold 4s
94%
48%
"Ry_
Toq!
Louis
!
stamped
Goodrich
1st mtge gtd 3%s series E
1st mtge 23/4S ser G
General
98%
16
—
J-J
99'A
4
100'%
2
97%
*..
j
Apr
mtge 2%s__
St
100
75%
'
High
97%
Erie Railroad Co—
110%
65'%
__
Jan. 1
Low
13
111 %
44
J-J
&
109%
109'%
119% 119'%
Apr
1st <fe ief 4'As series D
Chic
4
Apr
Cincinnati Union Terminal-"
—
8
*75
J-J
■
118
111
76
J-J
A__Janl~2019
104%
-
97%
45
J-J
1956
1st mtge 3'/8s series F._
1st mtge 27/«s ser G
I
Cin
A-O
5s
100
—
M-N
jan 2003
RR
2%-4'As_
2%-4»As
General
1965
128
111
—
Western Ry—.
t? ?ne &.FuelCo 4s
23/45
Investing
122%
110'% 110'%
—
J-J
Chicago Union Station—
Cleve
A-O
lst 5s
Ohio
jan j 2044
c ty
20
*119% 127
J-J
iqqa
CiVrfC^S & Elec27/es
lst
1st mortgage
1965
Paso & Southwestern
lst cons mtge 3'As ser
Jan 1 2038
frre Haute & S'eastern Ry
ref M
w
'104%
lst cons mtge 3V«s ser F
lst cons mtge 3'/8s ser G
lst cons mtge 2s ser H
ser
Income
'145%
120%
Chimin Rftgre Z°nJ 41/25 ser Ai Jan"2019
(Sid 3%s
Orleans 5s 1951
Memphis Div~ 1st "gold" 4ZZZZZZZ""} 95}
■
'111%
M-S
110%
105
—
J-J
& Pacific
lst mtge 4s series A
M-N
J-J
1970
118
105
M-N
Chicago Rock Island
1956
1995
110%
mtil\Ca0nV 1SC 41/2S—Jan 1 19ag
1999
mtge 3s
B
1st
ist
5s
lst
105%
1988
B
ser
Va & Ga Div
(NY) lst cons gold 5s
Elgin Joliet & Eastern Ry 3%s
31
1932
ser
East Tenn
Ed El 111
100
105%
J-D
J-J
A
ser
pen mtge 4%s inc
101%
105 y4
Gen
Jqgi
Pac
99 V2
103 ve
100
.
100'%
5s___Z::
ser A
&
„
—
100%
F-A
ana & Southern 4s
St Paul
—
97
series A
—
101 »/2
97
1997
.
103%
10038
18
1970
4%s
rhfrio mTtg®.4VaS inc
rn!- Milw
£?i,
Chic
102'/8.
18
20
Louisville Ry—
Ser A
Jan 1983
&
*100% 100%
1977
99
F-A
B
ser
Chicago & Erie 1st gold
Chicago Gt West 1st 4s
F-A
Co 23/4s
99'%
F-A
5s
conv
Duquesne Light
98%
1977
2y8s—
inc
J-J
99
Chicago & Eastern 111 RR—
AGen
t§ADul So Shore & Atl gold 5s_—1937
99
Hl985
3y«s
49
78
70
16
126% 126%
.
J-J
1st
4.1
50
'
J-J
1st &
99%
J-J
debs
2.35s
'98%
1989
98%
1961
Chemical
Range Since
Sold
No.
50
'.
21
Bonds
High
Dow
M-N
gold 4s
1989
Chicago Burlington & Quincy RR—
General 4s
1958
Friday's
Bid & Asked
78%
F-A
cons°l
or
Loto
1996
1973
Week's Range
Last
Sale Price
Period
.
High
1996
gold 4s
cons
Interest
Exchange
El
15104 y4
J-J
1992
imp M 37/bs series H
A
&
2d
51
174
103%
■UOI'A
F-A
1965
impt M 3%s series D
impt M 3%s series E
&
Ref &
150
10038 101
Chesapeake & Ohio Ry—
Ref &
57 y8
Low
series A
(4'A% to Aug 1 1949)
1st mtge 3%s ser B__<
Champion Paper & Fibre deb 3s
General
'BONDS
New York Stock
Q-J
.
J8
Jan. 1
-
No.
56%
50
"i~1987
registered
Central Pacific
J -J
1987
J-J
ENDED MARCH
Range Since
Sold
High
1987
____1987
WEEK
Friday
Bonds
Bid & Asked
Low
tACentral of N J gen gold 5s
A 5s
registered
A General 4s
FOR
Week's Range
108% 108%
v.
77%
A-O
1959
77
22
101%
M-a
Laclede Gas Light 4%s conv debs—1963
if-a
—
12
101%
103
78
1
%
2
111% 115
138
107%
115
102% 103
78
105 »/4 -109%
67
70
90
82
70
88
73
Va
71
105%
88%
Lakefront
lst
Dock
mtge s f
&
RR
3%s
Terminal—
ser
A
1968
J-D
115
31
(1248)
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, March 21, 1949
NEW YORK BOND RECORD
FOR WEEK ENDED
RANGE
Friday
I-
BONDS
Interest
New York Stock
Exchange
Period
Week's Range
Last
or
Sale Price
Lautaro
Nitrate
A 1st mtge
t
Co
J-D
1997
J-D
Range Since
Low
No.
Interest
BONDS
Jan .1
Sold
High
Low
'78%
84%
85%
96
84
90
JAN Y Ont & West ref 4s—June 1992
90 %
Va
A
.'__a.—:
General 4s
1970
92
A-O
92
92
11
95
XV-'
—
96
2
X §A2d gold
§ A General
gold
60 %
59'/2
62
35
57
70%
§ATerminal
64%
65
35
33 Vi
35%
'
F-A
0
J-J
Lehigh Valley RR—
M-N
2003
M-N
2003
Af-N
2003
modified
Af-N
2003
4Vis stamped modified
4Vis registered
Af-N
Lehigh Valley Terminal Ry ext 5s_1951
Lexington 6c Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
1951
4s series A
Lorillard (P) Co deb 5s
"
.
Niagara
65 l/a
74
122 %
Northern
108'A
Prior
A-O
1966
107 Vi 107 Va
M-S
107%
3
■'»
3s
M-8
104
104
104
6
102 Va
104
1
106%
107 Va
106% 106%
,
1st & ref M 2%s
ref
M
Ref &
.
Coll
3%s series F
series
2003
G
A-O
92 %
93 Vi
13
92
81%
90 Va
90 Vi
89%
89%
3
101 Vi 101%
56
2047
States
79%
83
99%
1st mtge
mtge 2%s
2%s__^
9 3'/a
1st mtge
3s
107%
107%
1st
(Wise)
1st
U-N
J-D
J-D
C
Prior
lien
Prior
:
ACum
1974
93 %
-
89%
1977
105 % 105%
100 Va
30
103 %
5
II
102%
II
102%
56%
57
55%
'102
68 Vi
"82%
50
'68%
102%
5s
3s
6c
3s
New
N
J
New
Jersey
Power
6c
New Orleans
Great Nor
5s
of
series
A
1st
A
1st
4%s
1
106
9
102%
104'A
103%
&
102 Va
ref
103
103 %
20
101%
103%
102% 102 %
15
101 Va
103 Va
5%s
3s
series L
1974
J-D
103 Va
series M
102%
J-D
69%
17
68
%
1st & ref 2%s series Q
1st & ref M 3 VaS ser R
Pacific Tel & Tel 2%s debs
74%
ACertificates
3s
42'%
41%
44
390
37 %
44%
78
77%
79%
233
-75%t
82%
M-N
78 %
77%
79 %
66
75%
24%
24
26%
212
21%
'
77%
79
54
F-A
1981
1991
•
195®
•
1958
•
A3
78%
77%
79
68
M-S
F-A
M-N
58
58
58
4
.2000
75%;
M-N
54 Va
77 Va
39
77 Va
56
78%
102 %
53'A
73%
93
93
76 Va
r75 Va
91
Connecting
f
J-D
89
86
16
105
1967
J-D
1954
M-N
1952
J-D
105
Mtge 4s
Mtge 4s
'99 Va 101%
M-N
98%
100% 100%
1988
J-J
1986
F-A
106
M-8
101%
117%
3
99%
20
103%
5s
4%s
mtge
deb
N
Y
Lack
6c
4%» series
N
^
Y New
West
4s
series
Dii'or
DAPf
V-
4%s
J-D
A-O
___1984
!
series
J-D
1981
series K_.
3J/«s
21
100%
101 Va
14
114%
116
J-J
—1952
F_
•100 %
.1
r
100'A 101'/a
,
105 Va'
220
100 Va
104% 105%
-95
103%
95 Va
132
94%
101'A
.94 Va-
'•
t
.
.
95
155
94
101 Va'
121
99Va
102
A-O
99 Va
99'/a 100'A
1985
.;
J-J
84 Va
64 Va
84 %
1963
J-D
4s ext_
1960
A-O
:
Eastern
A Income
Apr 1990
Apr
4s
1980
>
'
55%
11%
12%
97%
'
87
11%
-i
97Va
>
104%
9
■
96
J-J
1971
J-D
104 Va
109 %
104 Va
106'A
&
ref
2%s
&
ref
2%s
1967
M-N
101'A 101%
15
100%
ref
2%s
*_—1974
M-N
100% 100-%
5
99'A
L
1st & ref
2%S
2%s_:
&c
ref
'ioo%
1981
F-A
1937
J-J
1964
ACertificates of deposits
Phillips Petroleum 2%s debs
J-D
1978
^
f 4s
s
F-A
.'i.
99%
102
105'/a
102
104
92
92%
37
90
93
91%
28
90%
95
Cons
gtd 4s series F
Cons gtd 4s series G
1953
J-D
101 Va
14
8%
10
101 %
1957
M-N
'105%
88 Va
11
87 Va
92
Cons gtd 4s series H
Cons gtd 4%s series I
Cons gtd 4%s series J
1960
F-A
'103%
1963
F-A
'107%
9
8
101 Va 101%
95%
95%
15
94
97 Va
93
—
95
97%'
J-D
97 Va
97%
10
'102 Va 107 Va
1964
M-N
A
1970
J-D
Gen,mtge 5s series B
1975
Gen
1975
—
*
1
5s
series
102 %
10%
Va
10
102%
97
98%
107%
107 Va
■
__
—
--
103 %
—
__
'108
103%
113 Va
113 Va
—-■
113%
114%
103% 103%
13
103'A
107
103 Va 103%4
5
Pgh Cine Chic & St Louis RR—
mtge
99%
2
9
'~
Pittsburg Bessemer 6c L Erie 27/aS__1996
Pgh Cine Chic & St Louis Ry—
95%
100%
99
102
8%
104'A
100%
102
'
'
'99 Va 100%
102
88
95%
116'A
109
13
104'A 104%
1st
1st
.
100
98 Va
.
1st
'
16
104%
114
n
'109
J-J
1961
61 %
'
F-A
gold 4%s series C——1977
111
53
—
103%
ArO
53 %
53%
57%
190"
55%
55%
59%
250
61%
61%
66
177
60%
73
70
70
102% 102%
72
70
817/a
A-O
68
10234 1023A
68
1
68
75
53 Va
3%s debentures
—,—1965
Pittsburgh Steel 1st mtge 4%s__—1958
Pittsburgh & West Virginia Ry—
J-J
74
54 %
23
52%
61
/"lSt mtge 4%s series
J-D
51%
'51%
103
108
Pittsburgh Consolidation Coal—
J-J
F-A
53%
"
51%
61V2
54'A
66%
F-A
51%
2
1998
F-A
54
54
54
2
1998
F-A
52%
52%
53
•
567/a
53
.
51
58
J-D
97%
97 Va
A-O
90 %
4
94%
A-O
91%
F-A
V
90 %
92
91%
3
86%
'
100
100%
12
M-N
'II
J-J
J-J
96
A—^1973
M-N
'70
-1973
M-N
81
-
199%
'
91V*
101
—
96
100
100
8
96
72%
78
81
81%
'
8 V>
'
81
:
F-A
-
6
8689
99%
101%
2
100%
102%
16
101 Va
103
81%
81 Va
'103
•82'/a
92'A
92
84%
81
'
81
109
.
92
109
J-D
J-D
J-J
.
J-J
100'A
100
V
*
99 Va
100'A
'106% 107%
F-A
•
100 %
106
106 Va
102
102%
108
100
69
5
73 Va
81
81%
A-O :
_„1902
89
99%
A-O
—1959
5s series B——
88 3A
M-N
1958 ;
V 1st geii 5s series C_—
1974
1st gen 4%s series D___
^1977
Plttston Co 5%s^inc deba—1—.___1964
Potomac Elec Pwr 1st mtge 3y48—1966
1st mortgage 3'As
1977;
1st mortgage 3s
:—;
1983
"*■
99%
A-O
-
C_,—__——1960
Pitts Youngstown 6c Ashtabula
Ry—
977/a
2
90 Va
A_
1st mtge.4%s-series B-;
1st gen
1980
^/aS series E
1st mtge 4'As series
60%
7
mtge-
Pittsb Coke & Chem 1st mtge
3%s_1964
"
1998
"
106 Va
18
71
,
103Va
32
1'
3000
83;
29
54%
A-O
_1S75
13
110% 111
•-
55'A
M-8
1974
111
A-O
-1951
106%
110-77
36
94 Va
•
94%
F-A
*
101 >/a
101%
92
F-A
'
103
99 Va
115 Va 115%
115'A :
102%
102
1988
PhoafaP
28
101
69 Va
104%
103
—
91%
6c
Jh
—
o
92%
F-A
1998
1
1965
—1968
debentures
conv
General
103%
98'A
1
'104% 105%
102 %
J-J
Hartford RR—
1st 6c ref mtge 4s ser A__
2007
A Gen
mtge conv inc 4%s ser A-2022
tfawloin
3s
y
2043
B
Haven
A
B
series D_
3'As
mtge
Gen
2043
series
series
Philadelphia Co coil tr 4y*s
Philadelphia Electric Co—
101%
106
103%
99Va' 99Va
—
series B
F-A
F-A
;
—
A
102 %
100% 101
100%
A-O
1960
1974
—
'103% 103%
J-J
1998
A-O
..1965
:
t§APhilippine Ry 1st
A-O
J-D
55%
103%
1st &
105% 106
'75 Va
J-J
A-O
125
69%
'
Phila Bait 6c Wash RR Co—
;
General 5s series B
99%
102
117
117% 117%
J-J
65%
'103% 106
Peoria 6c Pekin Union Ry 5%s
Pere Marquette Ry 3%s ser D
105%
100%
17
-
104 %
102
100% 100%
—
series
4%s
General
100'/a
104%
'102
A-O
1974
debentures
General
103'A
"7
105
1982 "
•
.67%
-
*
89'A
99%
'104
A-O
1997
.
Peoria 6c
100% 100 %
—-
B
104'A
M-N
1975
sinking fund 4%s
'
93
■'
'86
1997
ser
102%
104%
98
Peoples Gas Light 6c Coke Co—
J-D
1954
RR 2yas
100%
96
95%
'104%
A-O
—1952
mtge 3s
s
Gen
F-A
1965
debentures__1960
series E trust ctfs
General
81 Va
71%
1
i
income
conv
s
Cons
—
Y Dock 1st gold 4s
N Y At Harlem gold 3%s__
5
99%
102
Pennsylvania RR—
"•58%
4
18
74
93
1st
3s
104 %
101
11
'54%
V
62%
103 'A
101% 102%
%
Gtd 4s
82 Va
•:•
J-J
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power 6c Light Co—
82%
75%
57
'104%
102 %
J-D
.1955
78
s
Pennsylvania Co—
267/a
-A-O
5s A
N
102% 102%
98 Va
Pennsylvania-Central Airlines—
82 Va
M-N
1980
1988
1
105%
M-S
Jf-8
1961
F
ser
103
1983
f gold 4%s—1955
Af-8
Ref 6c impt 4%s series
A
2013
Ref 6c
impt 5s series C
2013
N Y Central 6c
Hudson River RR—
1st mtge
2
'
82%
—
N Y
105% 105 Va
M-8
A-O
,
102%
1978
80%
M-N
3%6 registered
Mich Cent coll gold 3%s
s
3%s registered
New York
Chicago 6c St Louis—
; Ref mtge 3%s ser E
93 %
debentures
75 %
104 Va
100%
3'/as
66 Va
103 3 a
100
1
3%s
debentures
Paducan & 111 1st
98 Va
1
96
102%
97%
3
3
70 Va
%
80
,
M-N
3%s
95%
102
45
deposit
gold
95=
A-O
79
1956
mtge 3%s
3%s registered
Lake Shore coll
J-D
A-O
75
1955
General
1985
95
104 Va 104 Va
1987
New
•
J-D
106%
101%
98
99% 100
1986
77%
deposit
of
1982
100
debentures
74
2%s___1986
York Central RR Co—
Cons 4s series A
J-D
,
debentures
78
1949
A
'97
2%s
74
1978
D
1980
'102'A 103
3'/as
F-A
deposit
of
series
104
J-D
61
1950
series
ACertificates
106% 106 %
J-D
7
deposit
of
105
15
1981
62%
C
104 Va
104'A
1977
62
(
ACertificates
ACertificates
13
102% 103 %
1979
A-O
1983
New Orleans &
Northeastern RR—
Ref & Imp 4%s series A
1952
New Orleans Term
1st gtd 4s
1953
INew Orleans Texas
& Mexico Ry—
Alst 5s series B
1954
\ Alst
104% 104%
102%
series N
J-J
Light 3s
104%
J-D
2%s series P
69 Va
Jersey Bell Telephone 3VaS
Junction RR gtd 1st 4s
97 Va
J-D
3s
85%
debentures
95
J-D
.
ref
7&
<,
•
9
1971
ref
64
4%s series B
1966
1970
&
6
National Dairy Products
2%s debs-1970
3s debentures
;
1970
National Steel
l6t gtd
97 Va
97%
series K
&
22
Corp 1st mtge 3s
National Supply 2%s debs
Naugautuck RR 1st gold 4s
New England
Tel & Tel 5s A
96
3s
1st
65
62
14
103 %
10
ref
1st
80%
:
103'A 103 %
A-O
87
St Louis—
B
ser
A—1960
53 Va
64%
1978
Chattanooga
mtge
97%
n5;«
100%
J-D
82%
N
1st
106%
&
Conv
t
F-A
3
17
•
97
1978
3s ser
97
1975
3%s
1st 6c ref 3'/as series I
1st & ref 3s series J
.vGen
Nashville
97
105'A
11%
11%
A-O
48
79 Vi
H
J-J
US
40
__
.1977
6c Tel
99%
97
'IOGV2 106%
1974
51
J-J
series I
Mountain States Tel
3Vis debentures
99 Va
9 6'A
1st
102 Y*
•101%
1978
Jan 1967
series
987/a
"I
1st
'
62
J-J
A
ser
95
103 Va
Pacific Gas 6c Electric Co—
100
'104%
J-D
F
mortgage
Oregon-Washington RR
106%
100
50 Vi
series G
5 Vis
gold 5s
95
89
81
66
105%
1965
5s
88
101%
101 Va
101%
23
Co—
series
62%
62%
64%
151
May
44%
44%
45%
300
V
62%
''
43
'
69%
48%
Providence Terminal 4s_.—:—,-1956
Service Elec & Gas Co—
♦
3S debentures
__u_L—___—._1963
'102% 103'A
J-J
M-8
'99% 100'A
,
99'/a
99%
101%
101%
Public
:
J-J
;
101% 101 %
10l3A
^.'lst & ref mtge -3%s_li—1968
1st
"1st
&
6c
ref
ref
mtge 3s
8s
mtge
.2037
2037
40
107'A 107%
'148 Va
'213
—
219
5
•
107'A
107%
146%
148
215
215
'
-
-
innn
For loouioie^
see
page 33.
a
61%
100
1975
RR
64 3
88
—
1975
.
1st
105%
100
69%
1st mtge 3s_
mtge. 2%s
Oklahoma Gas 6c Electric 2%s
101 %
1962
A
13
97
1st & ref 3s
1990
D
U-N
10
Telephone-—
1st
103
1962
series
A-O
—____1979
v
59
78 Va
2
99
'102Vi
58 Va
,
99 Vi
99
J-J
2%s_
n\t
'98 V2
A-O
1978
tOgdensburg 6c Lake Champlain Ry—
.'1. § Alst guaranteed 4s
1946
97 Va
97
101%
1
66
J-J
A
series
5s
F-A
;_1975
Ohio Edison
98
106% 106%
J-J
Moh'k & Malone
1st gtd gold 4s
Monongahela Ry 3 %s series B
Morrell (John) & Co 3s
debs
Morris & Essex 1st
gtd 3VaS
Constr M 5s series A
Constr M 4 Vis series B_
,
85 Va
'101% 102%
Jan 1971
B
5s
•
.
Af-N
J-J
Jan 1991
4s
Alst 6c ref
i Alst 6c
ref
A Conv
gold
Alst & ref
41A 1st <fc ref
2
•'
'
RR—
series
series
,
88 Va
'100
A-O
1st ext 5s
Alst & ref 5s series A
General
105%
A-O
^Missouri Pacific
A
92
101% 101'A
A-O
1940
4%s
adjust
97 Vi
'102V2
__
M-N
& Mfg 2%s
1967
Sault Ste Marie—
5s
4s
lien
J-D
Af-8
Missouri-Kansas-Texas
90 Vi
101%
101 %
98
49
101V*
71%
69
1
68%
J-J
1969
1st mtge 4V2S inc ser A
AQen mtge 4s inc ser A
Mo Kansas & Texas 1st
4s
40-year
88 Va
16
93 %
M-S
Minnesota Mining
,
100%
71%
%
'
1969
&
88 Va
M-8
of N J
St Paul
101V2
71
93
__
M-N
1979
1st mtge 3%s
Minn
'100
71V2
Af-N
mtge 3Vis_1969
2Vis
t§AMidland
U-S
Power Co—
92 Vi
(Minn)
J-J
1975
099
J-J
2047
trust 4Vis
98 Vi
1952
series
1st
44
80 Va
4
1951
1st gold 3Vas
4V2S
1067/a
IO8V2
100 V2 101 "A
J-J
2
1988
Cons Gas
101
2047
5
1954
Lans & Sag 3Vis
impt
100 Va
'105
Q -J
60
%
I960
debentures
6c
112 Va
60
82
1972
Michigan Central—
mtge
128 7/a
112
60
92 Va
Corp 1st mtge 3s
I960
Metropolitan Edison 1st mtge
2yaS_1974
Michigan Bell Telephone Co—
1st
128
2
Q-A
99
Mead
Ref
U-3
_2
2047
81
fund__Feb 11957
Manila RR (Southern
Lines) 4s
1959
May Dept Stores 2%s debs
1972
Michigan
85
128'/a 128'/a
128 Va
M
Macy (R H) 6c Co 2%s debs
Maine Central RR
4%s ser A
«
1st mtge 6c con
4s ser B
Manntl Sugar 4s sink
3 Vis
75
112'/a 112 Va
A-O
1997
3%s debenture
Jack
108%
78%
'77
;
92'/a
<
103%
108%
__
105
101 Vi
62%
99
<
'108%
981
97%
103 Va
60%
Af-8
Va
98%
105
105
103% 103%
62 Vi
Northern
94
98'A
105
J-J
Q-F
North western'^
•
J-J
F-A
Q-J
A-O
4
75
1997
A-O
107% 107%
73
Jan 12047
2003
M-N
73%
1982
3s
1980
1955
'70
1978
:
2003
1st & ref M 3%s ser
H
Louis Div 2d gold 3s
Atl Knox 6c Cine Div 4s
St
35
Af-N
impt 4 Vis series A
impt 5s series C
impt 5s series Dj
Ref &
/
Louisville
1st 6c
4s__.
registered
Ref &
V.
46
Pacific Railway—
lien
General lien
108'/a
107%
39%
22
US
64'A
58
18
A-O
120
41%
35
US
107%
36%;
40'A
35
1966
12
26%
41'A
17%
2014
16
108
" 96
'16%
Norfolk & Western Ry 1st gold 4s_1998
Northern Central gen & ref 5s
1974
Gen & ref 4Vas series A
1974
49%
96
106%
F-A
—1981
Falls Power 3Vis
Norfolk Southern Ry Co—
A Gen
mtge 5s conv inc
46%
63Vi
F-A
1943
4s registered
F-A
1978
6c Elec 3 Vis
1st 6c ref mtge 3s
6c Nashville RR—
40
42 Va
35
84
123
108
1st
72'/a
30
5'
58
1937
41%
32'A
J-D
1963
Louisville Gas
40
64%
'
16
5
11%
100
—1940
5s
60
195
J-J
1937
gold 5s
N Y Telephone 2%s ser D
Ref mtge 3Vbs ser E
Ref mtge 3s series. F
32
38 Vi
*
__
108
V*
M-N
1951
-
34
37%
101%
31 %
369
63
39 Vi
A-O
100
2
5
32%
'34%
A-O
1952
Lombard Electric 7s series A
vv1;-.:
35
36 '/a
A-O
1962
100
99%
iwt,—
4VaS
93
i
97
107 Va
96'/a
:
59
'96
88
debentures
59
J-J
90V
3s
98'A
J-J
16
A
21
1963
90
gen
99%
1977
Gas 2%s
88%
Miami
99
State Elec &
Y Steam Corp 1st 3VaS
IN Y Susquehanna & Western
§ Alst refunding 5s
F-A
tattle
3%
N
stamped
1974
Lehigh Val Harbor Term gtd 5s—1954
Lehigh Valley Ry Co NY 4 Vis ext-1950
stamped
6
97
;95
92
5s
3%
A-O
'90%
•
7%
3%
jf-a
100
2003
High
65
J-D
1955
8 V2
Light 1st mtge 2%s—1975
& Putnam 1st cons gtd 4s
1993
F- A
registered
Jan. 1
Low
8
N Y
F-A
stamped modified
Range Since
Sold
No.,
lf-8
92'/a
89%
1964
5s
Bonds
High
N Y
Dee
1954
4s
Friday's
Bid & Asked
High
Co—
stamped
stamped
4s
or
Sale Price
N Y Power &
1975
S F mtge 3Vis ser A
5s
Week's Range
Last
Period
New York Stock Exchange
'
Lehigh Valley Coal Co—
5s
Bonds
Ltd—
income reg
6c Navigation
Lehigh Coal
1997
Friday
Friday's
Bid & Asked
Low
Lake Sh & Mich Sou gold-3 Vis
3Vis registered
MARCH 18
'
105 'A
-
104104 Va
Volume
THE
Number 4787
169
COMMERCIAL &
FINANCIAL CHRONICLE
(.1249J
33
NEW YORK BOND RECORD
Friday
;V~';
BONDS
Interest
r
Sale Price
Period
Exchange
New York Stock
Low
High
Last
Period
New York Stock Exchange
Jan. 1
Sold
No.
Interest
BONDS
Range Since
Bonds
Bid & Asked
Low
Week's Range
Friday
Week's Range
or Friday's
Last
MARCH 18
FOR WEEK ENDED
RANGE
Friday's
or
Sale Price
Bonds
Bid & Asked
Loio
High
Range Since
Sold
Jan. 1
No.
High
Low
High
108%
109'/a
100
100 Va
U
100% 100%
J-J
1964
Quaker Oats 2%s deb.
102
100%
1st
Oil
Union
Reynolds
*__
Tobacco 3s debs -1973
Elec Corp—
(R J)
Rocnester
Gas
Gen
mtge
Gen
mtge
Gen
mtge
A-O
103% 103%
-1977
M-S
*__
series
3Vis
t A Rut-Canadian
JSARutland
86%
89
102 %
Pacific
Union
93%
Ref
*s
M-S
*105%
-1969
MS
106 V»
1949
J-J
'
•
102% ■'
100 7/e
__
103 Va
-=e
104%
99%
*103% 104 Va
J".
~
'
__
»
100 Va
*100% 100%
F-A
101%
101% 101%
318
93
103
100%
5
93 Va
M-S
■
93%
92
1966
A-O
1976
M-N
*93%
94%
1967
A-O
*95%
96
1959
M-S
4s series A...1955
F-A
"100% 101
...
100%
99 '/a
—
U
2%s debs
Rubber
S
93 Va
94
__
106
106%
9
9%
2%s
106%
9
8%
debentures
Universal
10
9%
*_.
J-J
-
109 %
101
*98
•
*103%
J-J
1976
1991
C
debs
United Biscuit 2%s
*107%
US
atamped— -1941
4%s
RR
-1967
sxampcu
J-D
*109
V
125
-1967
J
series
2%s
mtge
M-N
RR—
debentures
2%s
104
&
4Vis series D„
3%s series H
3%s series I__.
mt«e
debentures
2%s
M-N
Reading Co 1st & ref 3%8 ser D. _1995
deb
3s
A-O
1970
Calif
of
M-N
1968
1967
& coll trust 2%s
mtge
debentures
3s
R
1971
1975
3%s
of Mo
Electric Co
Union
3%s debs
Pictures
79
--
■
•
««.
79
1
79
75%
10%
V
.
.
Vandalla
Lawr
til
2d
gold 6s
St L
1st gold 5s
Adir
&
MS
1996
—1996
1955
—
Rocky Mt & P 5s stamped
*99
99%
97%
100
j.j
1971
3s series A
Saguenay Power
*-_
75
73 %
76
79
79
86
79
A-O
:
*98%
j.j
99%
—
St
1st
2d
inc
4s
Paul
Union
90
83
88%
53
61%
105
22
108
90
A-O
*127
1st
1st
Sons 2%s
2v2s debs
(Jos E)
J-J
101% 102
101 '/a
j.j
6414
64 %
1971
96%
F-A
Skelly Oil 2%s debs
Socony-Vacuum Oil 2 Vis
1965
J-J
1976
J-D
1963
A-O
96%
Union
South
Nor Ala
&
Southern
3s
Oil
Bell
RR
Tel
gtd 5s
Tel
&
1st
Gold
4Vis
1st
98
J-J
*75:
1977
A
4Vis
M-S
98%
M-N
89%
M-N
87 %
94%
1st mtg
RR
Pacific
3%s
90%
96 %
52
88 %
89 %
87 %
100
39
100
86
86'%
1986
J-J
80%
1961
*94%
1994
94
92
92
Devel
&
gen
4s series
A
1956
A-O
Devel
&
gen
6s series A
1956
A-O
gen
6V2S series A
1956
1996
A-O
108
J-J
*104
1951
J-J
1985
A-O
Div
1st
Southwestern Bell
3
Vis
gold 4s
Tel 2%s debs
debentures
108
Apr
M-N
F-A
(N J)
deb 2%s
1971
Sunray Oil Corp 27/Bs debs
1972
&
2%s
Co
debs
2%s
debentures
1st
J-D
105% 105%
5
105%
106%
J-D
107
107%
6
106%
107%
J-J
108% 108%
3
108
%
109%
2361
M-S
54%
54%
41
54
63%
M-S
54
54
53 %
62
1952
A-O
101
Jan2014
May
->1973
2%s
M-S
101 %
J-J
•
101 Si 10111
1992
J-D
1970
M-S
1967
J-J
D
101 Va
101 Si
■
156
100% 101
101 il
1949
99%
100
-100
28
99 %
100%
Gen & ref M 2%s series A
..
.
'":i
*95%
:■ 99%
99%
96%
93 Va
*99
—
V 97'
98 %
98%
98 %
105
Wilson
52
51%
94%
Co
&
1st
Winston-Salem
103%
102%
^Wisconsin
96
97
A
1958
1st 4s__.
B
A
Electric
Wisconsin
Public
<,
73%
68
43 %
25
72
.
77
■
> '
J-J
deposit
Certificates of deposit
Wisconsin
112 Va
112 Va
72%
42%
73
J-J
1949
of
102%
'?
>113
—
104
'
4s
Certificates
J-J
•
Ry—
M-N
§ ASu & Du div & term 1st 4s___1936
101% :101%
7
102% 102%
A-O
1960
mortgage 3s
S
Central
§ A 1st general
97% *98
1
101%
.99
•
J-J
Wheeling Steel 3Vis series C
■103%
98
100%
M-S
Wheeling &; Lake Erie RR 4s
18
86%
4
99%
104
"l
80 Va
1973
mtge 3%A series
101%
29
100% 100%
106
1st
101%
101 %
,,
83%
82
83
110
98%
101 Va
27-
101% 101%
J-J
IP'7!
debentures
conv
100 Va
4
101% 101%
1951
2 Vis
Mfg
99%
5
1960
5s
&
101 %
100
58
.
99 %
101%
102%
*101% 101%
100% 101
9
M-N
M-N
96
56
1950
1951
108
12
,
Co-
estate 4%s
debentures
2.65s
107
57%
99 Va
105%
95%
98
J-J
Telegraph
real
&
Westinghouse El
98
92
103%
97
M-N
Union
gold
17
51%
95%
Pacific 4%s inc A
5s
*102% 103%
95%
Maryland 1st mtge 4s
Western
116 %
99%
guaranteed
4s
49%
41%
.
467/a
467/a
4
2%s
l.1976
1971
*96%
J-D
3%s
J-J
97
-
97 Va '
95%
:
>^i;;
104% 104%
i
104%
104%
§.:i%
«fe
Ref
&>
Texas
&
New
Orleans. RR—
&-ref
M
3 Vis
1970
&
ref
M
3%s
series C
1st
Pacific
&
A-O
1990
series B—
1st
Texas
A-O
4
105
106
-196%
30
96
Yonkers
.99
.
92 %
92%
27
9.3
97%
47
99%
98%
98%
J-J
a
97%
92
118%
*123% 125%
J-D
gold
96
.
not
101%
Pacific—
Pacific-Missouri
100%
102
J-J
Ad J
58
56 %
62
159
56 %
Power 2%s
&
1976
■■0.*
J-J
"""
»>
27%
25%
34
1,066
25%
45%
101%
■101% 102
J-D
99%
100%
*99
M-8
Deferred
delivery
in the
year's
sale
^Negotiability
not
range
included In the year's
n
.%■■/
94
$
,94
Included In the year'# range,
d Ex-Interest,
e Odd-lot
sale not
Under-the-rule sale not Included in the year's range, x Cash sale
y Ex-coupon.
range,
Impaired
by
maturity.
as being in bankruptcy, receivership,
securities assumed by such companies.
tCompanies reported
71%
A-O
Ave Ry
1st ref 4a
1960
income 5s
;
Jan 1960
Tol Ac. Ohio Cent ref & Impt -3%s
1960
Tri-Continental- Corp 2%s debs—„1961
a
'102
J-D
RR of'New .Orleans 3%S—1974
Term
Third
Elec Lt
Included
122 %
.
Texas
:>'>
101%
_
5s
.—2000
'Gen & ref M 37As series E——„ 1985
•
>'■<
A:
Y
115%
99%
13
105% 105%
105%
M-N
115%
—
100%
100
y*
1st
t
•
100%
A-O
1965
Corp 3s. deb
Texas
*115%
J-J
imp M 4s series C
2019
imp 2%s series D>—1985
the
Bankruptcy Act,
or
•Friday's bid and asked prices;
102
ABonds
100 Ve
no
reorganized under Section 77 of
or
sales being transacted during current
week.
*
selling flat.
vyy-w
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash
In
footnote
a
In
and
the
deferred
week
in
delivery
which
sales
they
account is taken
No
occur.
In the following extensive list we furnish a
and
of
bond, in which
or
any
It is compiled from the reports of the
dealings have occurred during the current year.
Friday,
;
STOCKS—
Sale Price
Curb Exchange for the week beginning on Saturday, Mar. 12
Curb Exchange itself, and is intended to include every security, whether
FOR WEEK
ENDED MARCH
18
Friday
Sales 1
Week's
Last
New York Curb Exchange
'
computing the range for the year.
such sales In
RANGE
,v
only transactions of the week, and when selling outside the regular weekly range are shown
complete record of the transactions on New York
ending the current Friday, Mar. 18.
stock
RECORD
YEARLY
disregarded In the week's range unless they are the
are
STOCKS—
for Week
Range
Shares
of Prices
New York Curb
Range Since,
Week's
Sale Price
Exchange
V'
High
Low
High
for Week
>:
High
■.
• ■
•
Range Since January 1
Shares
of Prices
Low
Par
i.'.i'
Sales
Range
Last
:
Low
Par
•V?>,_•
Low
-
High
■
■
ACF-Brill
1
Alloys
Aluminum
Acme
1
*
■
warrants.™
Motors
Jan
Altofer
Bros
common
3%
Jan
32 V2
Jan
Mar
4%
Jan
Aluminum
Goods
1% Mar
l7/8
Jan
Aluminum
Industries
2V2 Mar
800
3%
2%
lVa
Jan
Aluminum
Co
*
America
of
v
Acme
Wire
Adam
Hat
Co
Inc
Supply Mfg..
Agnew Surpass Shoe
.Ainsworth
Mfg
Air
Associates
Air
Investors
(N
J)
x9 'A
.1
Stores
5%
13
••4
600
4Ve
1%
1
—•
5
common
Inc
4
1
2,600
4
Mar
-.
$3.75
7%
9%
5%
500
<
Jan
71/2
Jan
8'A
1,100
5%
9
Feb
9V2
Jan
53
93-%
Jan
98'A Mar
Mar
5%
Feb
2,700
46'A
Feb
Jan
American
3
Jan
American
'A
•
■•>;
•
51/2 Mar
Aluminum
Ltd
common
48%
47
47
2
,
—
"
S
3
■
-
—
Convertible preferred
Aii-Way
.
Electric
S
36'A
36 %
10
...
Appliance
5%
6
578
Jan
36'A Mar
•American
Bantam
7
A_ ...1
class
Co
Car
8
1%
>
Southern
Power
4.20%
Alaska
Airlines
50
pfd__,
100
1
Jan
5%
Feb
6V8
Jan
American
861/2 Mar
92i/8
Jan
American
Fork
& Hoe
951/4 Mar
American
Gas
&
Inc..
,-0
x94:% x9434
4 Va
75
4%
1,200
4
& Fisher
Allied
Internat
Allied
Products' (Mich)
Investing
Altes Brewing Co
,
.
For footnotes see page 37.
»-
5
1
161/4
16'A
-•
Power
__
__
&
Feb
Jan
4%%
Jan
5
Mar
American
Feb
3
Jan
$2
Jan
$2.50
Jan
American
16
200
.
—
•
51/3
Feb
Feb
4%
17%
6
Jan
Jan
>•, 51%
Jan
v~'
_
common
Electric
_
1
1
preferred
1 Va
1%
Jan
6
1%
Feb
Co
—
25
400
6'A
Mar
6%
18
18'A
850
17V8
Jan
41 Va
42%
7.000
37%
Jan
112
2 'A
2 V4
—
75
112
Jan
Jan
Jan
66
13'A Xl3%
Feb
18%
Feb
42% Mai112
Mar
400
30
34
Jan
111
6%
.
.
,
2 Va
Jan
4:75
2'A
27%
33%
30
1
preferred
Rubber
r
61
6V4
-
100
convertible
20
63
4,1'A
•
10
General Corp common— -10c
Hard
61%
—
com
preferred
convertible
-
__
100
Light—
B
3V2
2%
il
Corp
common
Cities
_
1
1
common—i_
Jan
3%
"
''
-
Alles
91
26%
6%
% Mar.J ^
4,100 ,U:
1
common
Co
35V4
Class
Great
Alabama
Book
400
•
.
'•
•
Alabama
Beverage
20
-
V
:
'
■
common
'
Mai-
'
_
common
Jan
6%
100
«
Mfg.
Jan
48
3,000
527/a
98
200
24%
51'A
97%"
52%
common
preferred
cumulative
9%
6% Mar
-1
■
10
common
Stores
Aera
'
—
'•
23
..
■
Power
Service
Terminal RR Assn of St Louis—
Ref
...
55
99%
1950
Western
30-year
J-J
1966
Swift
Shore
25-year
111%
106%
51
1966
951/4
92%
104'/a
1\
8
1967
3 Vis
Registered
101
&
99%
99%
F-A
99%
92
88%
12
89
100'A
series I
stpd gtd
5s
3%s
Power
95%
*104% 105%'
51%
ASpokane Internet 1st gold 4Vis__2013
Standard Oil of Calif 2%s debs_„1966
88%
M-N
76%
9$%
■
>_
83
97%
2361
Ltg
mtge
84%
27
98%
97%
M-N
—1983
Standard
Oil
Gen
80
*102-'% 104
&
Louis
106%
74%
53
Funding
111%
St
105
105 %
80 V4
1
'
105
87%
102
108'%
Memphis Div 1st gold 5s
Devcl
%
-
*51
84
23
"100
;
105
94
114% 115%
114%
J-J
99%
105 Va
103 Va
1
74%
98
F-A
22
3
98
96
5
G
.....
80%
b
A-O
1017/s
85%
95
74 7
*95%
..
M-N
1st ref
100
81
J-J
5s
Co—
(subordinated)
debs
3
86%
1996
mtge 27/8s series E
1st mtge 2%s series F
1st mtge 2 Vis series G
Southern Ry 1st cons gold
Baking
West Penn
Co—
J-J
99
1970
West
J-D
A-1975
ser
"
Westchester
77%
66
93
gtd gold 3%s__2000
Washington Terminal 2%s ser A..1970
98%
74%
99 %
104
3
80%
Apr
Warren RR
96%
97
77%
98%
1
94
105 % 105%
102%
97 %
.
109%
104
104
V
99
..
105%
Apr
5%s
96%
123Vb
100%
__
%
103%
107%
93
93
■
Apr
Ward
101%
95
98 %
*96
Jan 1981
Western
1981
San Fr Term
Southern
J-J
1969
(Oregon Lines)
Gold
97 %
123
inc series A
1st mtge 3Vis series B
1971
Walker (Hiram) G & W 2%s debs.1966
Walworth Co conv debentures 3Vis_lS76
Co—
Pacific
4 Vis
F-A
1994
23As
Ry
18
102%
RR Co—
Gen mtge 4s
45
100
96
*102%
J-J
1987
;
Indiana
Southern
101%
95%
1985
debentures
Southern
*101
*123 %
1979
debentures
2%s
96
25
60
*37
95%
14
A-O
Gen mtge inc 4 Vis series B—Jan 1991
69%
96
Co—
debentures
2%s
63
95%
96
104
M-N
109%
W
102%
100
96%
A-O
t SASilesian-Amer Corp coll tr 7s__ 1941
Shell
7
66%
*95%
J-D
1966
&
1995
1973
100 %
2
27
103
109 %
.
A-O
98 %
.!:■
103
.
106
9
,
128
Wabash
.—1996
Jan 2016
mtge 4s series A
4'/2S series A
AGen mtge
.1958
_
103%
J-J
>.2003
Virginian Ry 3s series B
1st lien & ref M 3 Vis ser C
Seaboard Air Line RR Co—
Seagram
1st gtd 5s
5s
cons
.
102
127
„
A-O
99 %%':;
106%
100%
~I
*162
M-N
M-S
1963
99 %
106
'
--
103%
106%
1971
M-S
,.1978
105
*105
—
90%
101
27
1975
O
M-N
debentures
& Southwest
Va
109%
85%
4
102 % 102 %
J-D
—1989
Dept 3 Vis B
1st gtd 4s
Scioto V & N E
70
-57
108
108
J-J
gold 5s series A
1990
1st cons gold 4S.1968
Paul <fc Duluth
St
85
55%
J-J
Nov 1989
ctfs
bond
Gen & ref
St
85%
5514
M-N
1989
certificates
bond
4s
Jan 2022
1957
mtge 3s series F_
ref
&
1st
100
103
85 7/8
j. j
May
1997
series A
4%s ser A
Louis-Southwestern Ry—
g
series B
f 4s
Cons s
3V'8S conv
mtge 4s
n2nd mtge inc
cons
Virginia Electric & Power Co—
1st & ref mtge 2%s series E
St Louis-San Francisco Ry Co—
1st
RR
27 Va
Feb
30
75
32%
Jan
34 V
Jan
13
Jan
l37/e
Jan
150...
.
2%
v.
Jan
Jan
-
34
FOR
RANGE
Week's
Last
-
of Prices
Par
Laundry
6%
Light & Trac
preferred
American
common
Maracaibo
American
Meter
American
Potash
&
Cliem
class
22%
Jan
25%
17%
Jan
23% Mar
3%
9%
9%
300
31
Mar
15% Mar
Mar
5%
3% Feb
Jan
Jan
Jan
8
Feb
10'A
34
Feb
41
27%
27%
150
23%
Jan
27%
27%
300
22%
Jan
22%
3,100
21%
Feb
25 y&
3%
3%
3%
300
i7a
21,800
71 %
%
450
%
70%
70
2%
28% Mar
Jan
3% Mar
% Jan
% Mar
58
Jan
72
Jan
Mar
£1
Feb
4%
Jan
5%
800
5%
Feb
5%
Jan
Jan
/oting trust ctfs
Chief Consolidated Mining
Feb
5%
7%
400
7%
16
Feb
7% Mar
7%
3
7
7%
*
7%
7%
2.50
Ashland Oil St Refining Co
$1.20 conv preferred
1
1
7%
17%
Jan
7% Mar
Jan
1,500
6%
Feb
2,200
16%
10%
Jan
Jan
Feb
17%
22%
.700
1,500
8%
3%
: 4%
~4%
5%
Feb
4
Jan
7%
Jaii
1» Vb
18 %
1,200
Jan
64%
Jan
14%
.
13%
57% Mar
15
150
14'A
Feb
17%
Feb
8%
8%
800
6
Jan
8%
Jan
7%
81/4
700
6
Jan
8%
Jan
}fi Mar
1%
Jan
Feb
46%
Jan
12%
Jan
14 Vb Mar
10 Vb
Jan
11%
15
Jan
17
Clark
1
Controller Co
Feb
Mfg
15%
50
3
3%
1%
1%
2%
20
Oockshutt Plow Co common.—
29
28%
29'A
900
5%
5%
400
*
•
3%
Jan
Feb
2
Jan
Feb
8
Feb
22
3,300
Jan
1%
2.200
1%
—4
Club Aluminum Products Co
Jan
Mar
32
Jan
5 'A Mar
11%
3%
4%
1,900
3%
Jan
Airlines.
1
6%
5%
6%
2,300
4%
Feb
6%
Jan
Colonial Sand & Stone Co
1
4%
4%
4%
700
4
Jan
4%
Jan
3
2%
3'A
4,500
2%
Feb
4%
Jan
Development ordinary
->—
25
Feb
%
Jan
Commodore Hotel
Feb
Jan
Feb
3%
Jan
Community Public Service—
Compo Shoe Machinery— ,
Feb
51%
Feb
Vtc ext to
Jan
.3%
—
Colt's Manufacturing Co
7%
37%
J
Inc
38
35
3,000
29
A
5
Jan
'30%
Feb
Feb
7%
Jan
58%
Jan
•
Consol GEL P Bait common
21%
Jan
5
Jan
4%% series B preferred
Feb
8%
Jan
4%
Jan
x9 %
9
Feb
10%
24
24
75
23
Jan
25
Feb
Consol
13
13
100
13
Mar
15%
Jan
Jan
preferred series C
Consolidated
63."
1,400
109
Jan
113%
50
100
Jan
103% Jan
Jan
12 % Mar
11 %
11%
17%
17%
84%
83%
2,900'
12'A
9%
1,100
17
3,500
83% Mar
103%
Jan
3'A
1,000
3
Jan
3 %
Jan
1%
100
1%
Jan
1%
X
5
7%
7%
7%
4%
4%
4%
Jan
Jan
Coro
Feb
8%
Jan
Corroon ft
Jan
6
Jan
Cooper Distributing Co
15
50
15
15
6%
614
12
>
13%
5%
10%
Feb
Mar
5
5%
800
5
9
9
9%
700
1%
1%
100
1%
25
common
34%
34%
35%
2,200
33%
8%
8%
300
•
30
30
8
130
5%
Jan
Jan
10
1%
Jan
Feb
35'A Mar
Feb
9
Mar
Jan
26'A
Jan
30
Mar
35%
Jan
36
Feb
14%
Jan
7%
Jan
'
•
■
■
1
Fdry & Mach
common
13% Mar
—
Co com.*
7%
7%
200
S
Ridge Corp common
Blumenthal (S) & Co common
Bohack (H C) Co
common
5%% prior cum
pfd
9
9
2%
3
1,500
m
7%
28
28
17
17
■
*
25
io
•
——
■
•
1
'
Jan
11
2%
*•
;;
Feb
6
Feb
24
Jan
Jan
74
Jan
21%
16%
2,300
15%
;
3%
600
4%
Jan
Jan
7% Mar
*£
*
Jan
33
16%
•
--
—
—
•
Amer dep rets ord
bearer
Amer dep rets ord
reg
—£1
—
£1
British Celanese Ltd—
Amer dep rets ord
reg
22% Feb
13%
Feb
13 %
Jan
13 %
Feb
15
Jan
19% Mar
21
Jan
Class B
Brown Forman
11%
10%
2
2
21%
•
100
—
—
10%
10s
British Columbia Power
class A
19%
19%
500
200
21%
100
•
Distillers
4% cum Junior
pfd
Brown Rubber Co
common
Bruce (E L) Co
common
Bruck Mills Ltd class
B
1
—10
10
11%
Jan
11%
Feb
1%
5
9%
1
9%
Jan
2%
Jan
Jan
10%
Jan
Feb
5%
Jan
7%
Feb
9%
Jan
Feb
20%
Jan
4%
Jan
100
4%
11%
11%
11%
700
11
18
18
18%
2,700
18
1
10
12%o
Jan
4%
17
Jan
Jan
11% Mar
Feb
22%
160
9%
Feb
12 %
Jan
Feb
A
3,400
%
Jan
%
Jan
i%
i%
500
12'A
12%
100
10
%
---
common
Jan
9%
2.80
Bunker Hill & Sullivan
Burd Piston
Ring Co
Burma Corp Amer
dep rets
Burry Biscuit Corp
2
22%
1,300
•
---*
Feb
21% Mar
1,300
10%
47/8
5
2.50
Buckeye Pipe Line
Jan
10% Mar
2%
10%
11
%
1%
26o
1%
11
Jan
2
Feb
Jan
12% Mar
C
80s
American
6%%
•
8
600
3%
Jan
3%
Feb
30'A
Feb
41%
Jan
%
Jan
18
(;!
%
6%
7
5%
5 %
200
5%
500
12%
200
5%
1,400
5'A
5%
•
12
1
% Mar
Jan
6 "4
Feb
Mar
2
Jan
6
Feb
12
Feb
7%
6 % Mar
3,40(h
Jan
13%. Jan
'
2%
100
2'A
15%
103 %
o%
preferred—
Cuban Tobacco
l'A
2%
1 %
Jan
2,700
Jan
l'A
2%
l'A
Jan
Jail
Jan
■
15% xl6%
102
17%
15% Mar,
102
Mar
4,100
20
103%
34% Mar
Jan
30
•
common
'."A 7%
'
Curtis Lighting Inc common
Curtis Mfg Co (Mo) —
—
2.50
B
Jan
104
Feb
8
Mar
.6
Jan
5% Mar
350
8
5%
•
12%
12%
2.80
Davenport Hosiery Mills
Davidson-Brothers
Inc
Feb
12
Jan
14%
Mar
30
250
12%
Jan
Dayton Rubber Co class A_
Dejay Stores common.
Dennison Mfg class A common.
6
Jan
2%
Feb
3
Jan
60
X28%
Jan
32
Feb
6%
29%
Feb
8
9%
Feb
31
50o
B
10%
..100
debenture
8
133
500
10%
1
10
Jan
9%
J8n
2%
Jan
Jan
Feb
15%
Feb
7%
2%
Jan
Mar
133
13
12%
l'A
~2%
2%
1,700
22
21 %
22%
900
20
23%
Jan
10%
10,%
100
10% Mar
12
Jan
13% Mar
14%
Feb
"9%
"9%
300
6%
Jan
10%
Jan
2%
3%
7.000
2%
Jan
1334
14%
•»-.
*
Devoe ft Raynolds class B
11%
400
13
Jan
11 %
Jan
132
60
133
1
Detroit Gray Iron Foundry
Detroit Steel Products
Jan
J an
1,000
2%
53A
6
2'A
Derby Oil Co common
...
Detroit Gasket ft Manufacturing..
33%
v
200
5%
10c
SB
Day Mines Inc
8%
__
1
common—
■
/
Feb
Distillers Co Ltd—
Amer
dep rets ord reg.
...
1
Domestic Credit Corp class A
Dominion Bridge Co Ltd
2%
>
•
His
—
9%
63%
.io
Co
—
29%
14%
Jan
Jan
21% Mar
9% Mar
700
9%
Feb
20% Mar
,
Jan
10
—
60%
50
63%
—
—
•
Jan
65
Feb
30
Feb
32%
Jan
74
Corp
Power
—
3% Mar
Jan
13%
1,700
Chem Co Ltd—
Dominion Textile Co Ltd common-
Draper
26%
—
Dominion Steel ft Coal class B—
Dominion Tar ft
£1
—1
Dobeckmun Co common—
Amer den rets
ord reg
Feb
Co
Mar
78
Duro Test Corp common
Duval
Feb
7%
Jan
600
6%
Feb
7'A
2%
Jan
Feb
22
500
11% Mar
Jan
5%
Jan
*12%
Jan
4 % Mar
100
21% Mar
20%
4%
11%
•
Jan
20 JA
4%
11'A
Feb
2% Mar
11%
Feb
10
•
1
Jan
150
7%
Feb
7 %
21%
% Mar
21%
1%
200
2%
Jan
•
8% Mar
5%
7%
21%
"2%
1
Feb
'
7
6%
£1
Hosiery class B common
3%
Jan
Texas Sulphur
Jan
Assn
.
8%
Feb
10 Vb
9%
Jan
Jan
1%
1%
1%
1,200
5
1% Feb
18
1
3
3
2%
3
13%
2s 6d
2
7,900
Jan
Jan
2
3%
~3%
31%
31%
100
100
2
100
12%
2
Feb
Feb
Jan
Jan
21
Jan
72
Jan
77
Feb
275
69
Feb
74
Jan
2
Feb
60
53'A
100
•
*
Associates—"
v
•
2%
Jan
v
Jan
125
58% Mar
63
125
■
48 % Mar
54%,Jan
v.
4
78%
~i
31%
■
4%.
79%
500
50
1,100
i.
3%
Jan
'
Mar
44
111% Mar
3
Feb
13% Mar
20
Mar
2
Mar
Feb
5
Feb
3%
Feb
31% Mar
4
76%
Feb
Jan
1
11'A
100
11% Mar
13'A
Jan
$5 pfd shares of beneficial int.
1
60%
125
60
Mar
64'A
Jan
10
Jan
Easy Washing Machine class B
.•
B
12%
4,300
8
.7%
7%
Feb
8% Jan
4%
•
-
13%
—
10
preferred
Feb
40%
£1
1
Feb
110%
•
common
1%
77/8 Mar
•
Castle (AM) & Co
Catalin Corp of America
Central Maine Power CO—
4%
Feb
125
70%
Com shares of beneficial int.
100
1
3%
4
74
70%
53
V
25
preferred series A.
$6 preferred series B
Sugar
1,400
3%
73%
101
100
17
Eastern
1
•
60
common
Eastern Malleable Iron
Feb
•
37..
ft Fuel
prior preferred
preferred
Eastern States Corp.
(J W) Co common
Gas
6%
Ltd—
page
East
4%%
8%
1
see
Jan
Jan
1,100
6%
Crown Drug Co common.
25c
Crystal Oil Refining common
$6 preferred
.——10
Cuban Atlantic Sugar common.
—B
4,000
2.80
For footnotes
4% Jan
•
dep rets A ord
dep rets B ord
3.50 %
6
3%
■
4,B„
16"
4%
•
Marconi
Products
Feb
•
Carr-Consolidated Biscuit Co
Casco
3%
20
common
Carnation Co common
Carolina Power & Light $5
pfd
Amer
16% Mar
42
.
36% Mar
34%
*
5% Mar
4%
•
Carman & Co
Carter
;
150
•
common
Capital City products common
Carey Baxter Si Kennedy Inc
Amer
100
1
Class B non-voting
Canadian Industries Ltd—
7% preferred
Carreras
3%
5
Convertible
preferred
Canadian Industrial AlcoholClass A voting
Canadian
Feb
3,200
3%
33 %
Brewing Co
1'
Crosley Motors Inc
Crowley Mllner ft Co^——————1
Crown Cent Petrol (Md)
B
Crown Cork Internat'l "A" partlc——•
Durham
1
:
preference.
Canadian Canners Ltd
Jan
4%
400
5%
40
33%
—
B
Croft
Duke
3%
1
Camden Fire Insurance
Canada Bread Co Ltd
Canada Cement Co Ltd
14%
16%
5%
'
3%
£1
Electric Power
Corp
5% Mar
38'A
dep receipts (ord reg) _£1
Creole Petroleum—
Duraloy (The)
American
dep rets 5% pfd
Calamba Sugar Estate
Calgary & Edmonton Corp Ltd
Calif Cotton Mills Co
Tungsten
Jan
Dunlop Rubber Co Ltd—
Cable Electric Products
common
Cables Si Wireless—
SCallite
4%
16
"5%
50
Driver Harris Co
California
3,500
Feb
Feb
—•
-
Co
British American
Tobacco—
5%
.Tqri
fi
,
22
Class A
Jan
Jan
7
Jan
5%
—•
87/a
Jan
5%
•
J an
7% Mar
Feb
17
16%
5%
•
Bridgeport Oil Co
Brillo Mfg Co
common
,
5% Mar
__
Breeze Corn common
Corp
Bridgeport Gas Light Co
v,
63
•
25
Brazilian Traction
..auuuu
Light 6i rower
ugiH St Power
Feb
Mar
9
100
100
Borne, Scrymser Co
Bourjois Inc
6%
100
1
•
Blue
Jan
,'6
700
Jan
13% Mar
8% Mar
1%
1
2%
% Feb
7%
5
•
1
Jan
6%
Feb
50
1
—
16%
Feb
700
12
Jan
Jan
200
"5'A
1
convertible preferred
5 %
28%
7%
10
•
Reynolds common
preferred Class A
Jan
Mar
14
Mar
2%
1
5o
Inc
Feb
*A
Courtaulds Ltd—
1
Convertible preferred
Bickford's Inc common
Birdsboro Steel
Butler (P H)
27
Cosden Petroleum common
1
common
Oil
12
150
4%
6,100
1
Bell Tel of Canada
common
Benrus Watch Co Inc
Benson & Hedges
British-American
200
27 'A
7
600
1
Beau-Brummel Ties common
Beck (AS) Shoe
Corp
Blauner's
14
27
$1
1
A Co common
Aircraft
13%
36'A
—
Basic Refractories
Inc
Bellanca
1
•
Cornucopia Gold Mines—
Barlow St Seellg
Mfg—
$1.20 convertible A common
Baumann (L)
l'A
55
17%- Jan
Jan
17%
89%
1
32% Mar
Feb
3
3
Continental Fdy ft Machine'Co
Cook Paint fr Varnish Co
B
A 64%/ Feb
60
•
B
10
Liquidating Corp
Smelt Ltd
63%
101% 102%
Continental Car-Na-Var Corp
Banco de los AndesAmerican shares
Barium Steel Corp
Mar
112% 113 /
x
umines.—.—
ua&
63
100
100
Consolidated Mining ft
Feb
!
Jan
6
Feb
47%
Feb
Feb
28%
100
29'A
1
7
2,500
40%
Jan
4
1,450
5
Jan
7%
4%
28
1956
«
54%
4%
Colon
Colonial
100
53%
Jan
Jan
12
Feb
Feb
x9 %
54%
5%
Feb
8
100
••
Feb
Mar
7
3
1
22 %
4%
15%
.—I
Co
Clayton St Lambert Mfg
Clinchfleld Coal Corp common—
~7%
■■■—*■
Jan
11%'Mar
275
38%
Consolidated Royalty Oil
■
10%
200
1,100
25
Babcock At Wllcox
Co——
Baldwin Locomotive—
1% preferred
Baldwin Rubber Co common
Jan
12 >4
59'A
1,100
4%
~7%
10%
12
57%
19% Jan
Jan
18
1
6% Mar
12,100
2%
4,500
is %
600
1,400
1
16%
100
7
131%
44%
2%
2%
3%
6%
44
Mar
7
1,100
100
3%
7
23%
7% Mar
20%
3%
114% Mar
22% Mar
7%
—
.
Jan
ie
Clarostat
10%
—.1
Ayrshire Collieries Corp www
Jan
9%
13%
Claude Neon Inc common
113%
%
5
6%
Feb
42'A
Jan
7%
20
~vu
Feb
7'A
18
Jan
7%
1
•
Feb
5%
13%
7% Mar
20
50
-
6%
43%
3%
2,100
•
Automatfb Steel Products Inc
Automatic Voting Machine
Avery (B F) & Sons common
«% preferred-
Jan
Mar
63
Feb
1
108%
Jan
17 %
7%
•
5%
B
10
Mar
5%
24,800
£1
Associated Laundries of America
Feb
55
180
10
Colorado Fuel & Iron warrants.
Associated Tel ft Tel class A
Atlantic Coast Fisheries
Atlantic Coast Line Co
Atlas Corp warrants——
63
Jan
7%
Cities Service common-
27/b Mar
22%
*
Associated Electric Industries—
American dep rets reg
Plywood Corp
8%
•
114
7%
1
Feb
88'A Mar
City Auto Stamping
City & Suburban Homes
5%
300
3,800
10%
10%
114
•
5%
15
9'A Mar
3 Vb Mar
Feb
105
30
3
7%
Feb
6%
200
105% 106
3
Aspinook (The) Corp——_—
Feb
2%
7
10
Equipment Corp
17%
15% Mar
1,200
1
Common class A non-voting
750
8%
Chicago & Southern Air Lines
•
6%
preferred
Arkansas Power ft Light $7 pfd
7%
High
Jan
59
57%
Chicago Rivet & Mach
15%
100
Inc
85%
-59
-
—•
4%
5
1
Arkansas Natural Gas common
50
7
10
B
10
4
*
Corp common
1,000
1
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Charls
Cherry-Burrell
common
Chesebrough Mfg common
4%
7%
16
1,100
881/2
7
2.50
5%
1
dep rets ord reg
Angostura-Wupperman
LOW
10%
88%
1
Cessna Aircraft Co common
Chamberlin Co of America
4%
4%
Ltd—
Co
100
{Central States Elec 6% preferred—100
7 %
preferred
100
Conv pfd opt div ser
100
Conv pfd opt div ser 1929
100
Century Electric Co common.—
10
Range Since January 1
High
9%
Light 4% pfd
Central Power &
Shares
28% Mar
21%
22 Vb
2
common
Mar
Low
10%
1
Sales
for Week
Range
of Prices
Par
Central Ohio Steel Products
Feb
14
100
4,800
*
A
Amer
Atlas
350
15,200
3%
3%
Last
Sale Price
High
31
*
Angerman Co Inc
Anglo-Iranian Oil
23%
3%
Republics
Anchor Post Products
Aro
22%
3%
10
American Seal-Kap common
2
Amer Superpower Corp common——10c
$6
series
preferred
*
American Thread 5% preferred
B
American Writing Paper common
5
Argus
23%
*
Co
B
American
Low
24
Week's
Friday
,
New York Curb Exchange
Range Since January 1
High
2
Co
Metal Products common
American
Low
23
18
STOCKS—
Shares
1
Mfg Co common
American
Class
20
25
-25
25
Mach
American
Monday, March 21, 1949
EXCHANGE
WEEK ENDED MARCH
for Week
Sale Price
American
CHRONICLE
Sales,
Range
Friday
STOCKS—
FINANCIAL
CURB
YORK
NEW
New York Curb Exchange
&
COMMERCIAL
THE
(1250)
4%
36
4%
Jan
Jan
Jan
79% Mar
Electric Bond ft Share common.
Electric Power ft- Light $7
Option
Electrographic Corp common
—
1
100
1
8
Equity Corp common—
——10c
V
ts convertible preferred——.——1
Esquire Inc.—_—————1
Eureka Corp Ltd—.——.——1
7%
10%
Mti* nnmmoil.
tB
12%
20,500
10%
Feb
,12%
Jan
157 %
160
140
Feb
157% Mar
'7
7%
1,600
6
Jan
7% Mar
10%
100
9%
Jan
11%
Feb
100%
Feb
Feb
6%
Jan
Feb
12%
Jail
10%
97
Empire District Electrto 1% pfd
Empire Mlllwork Corp—
Emeoo Derrick ft Equipment.—
*»»■»>«
12%
153
2d pfd A—*
warrants
6
6
100
12
12
100
5%
11
Jan
Feb
1%
Jan
525
32
Jan
35%
Feb
4%
4%
4%
300
4
Mar
%
•%
%
1,1.90
1%
1%
33
33
1%
34
5,000
1 'A
%
14
4% Mar
i9g
Jan
Feb
18
Jan
Feb
Volume -169
Number 4787
THE
COMMERCIAL
NEW
YORK
RANGE
Friday
Week's
STOCKS—
Last
New York Curb Exchange
Sale Price
Range
Par
ft Instrument... —1
Falrchlld Camera
Falrchiid Engine
Faiisteei
Fire
(Phlla)
dlv
12
Fishman
oc
to
.100
;—
(UH)
2%
Low
13%
2,300
12%
:;3V400
3%
Feb
8Va
Feb
11%: Mar
30
59%
Jan
65 %
:
900
2%
Feb
.163A
Jan
Jan
jesnnette Glass Co common
4%
Jan
Jefferson Lake Sulphur Co
Jim Brown Stores common
Jan
33
ft
Low
—1
...
Amex
2%
2%
600
5%
5%
200
5
5
100
2%
A
non
Class
B
Amer
Fort
15%
50
14%
Feb
4%
4%
900
4%
Jan
18%
18:%
100
Fox
-voting-
of
5%
Feb
Kalser-Prazer Corp
Kansas Gas ft Electrlo 7 ft
Kawneer Co
Feb
21
Jan
Mar
17%
20
*
23
Feb
Kennedy's
France—
%
13
400
9 Vs
9%
9'/a
400
9
Feb
7%
1
1.28
1
Co
Brewing
(Peter)
Brewing
Franklin Simon ft Co Ino common
7
7%
350
7
Mar
8%
300
8
Jan
100
24
Mar
8.
%
Jan
%
Key Co
Jan
4% ft
(Geo A)
Garrett
Corp common
Gellman Mfg Co
Ueuerai
General
8%
11%
15
8%
5%
Supply Corp com—1
preferred
29
3 %
Adv
6ft
100
'--3%
"
1%
3%
300
32%
32
-
v
1,500
1,600
114
114
114
—V
4%
;:l 4%
-
23%
23
23:%
18
18
18%
2
common
class A
39
Lake snore Mines Ltd
35%
Jan
Feb
5%
..
'%
Graham-Paige Motors 8ft
Grand Rapids Varnish
,...10
Jan
21%
Jan
Mar
1%
Jan
2%
Mar
Mar
51%
52%
8%
8%
6%
6%
100
8%
9%
1,800
Jan
Jan
Tea—
106
_100
29
38%
38%
common__25c
$4.40
107
•
105'A
\
Tourne&u
Y
7%
Jan
Jan
5%
r:
8
Feb
9% Mar
Hartford
Electric Light
Hartford
Rayon
Helena
13%
38%
Jan
8%
Feb
Henry Holt ft Co
Hoe (R)
Feb
13 %
Holophane
Hormel
Co
(Geo
A)
& Co
new
Hubbell
300
15%
320
47
I
2
1,100
1,000
1%
Inc
Huyler's
8%
13%
13%
14'A
1,700
6%
6%
6%
400
10%
10%
10%
1,100
12%
9%
200
8%
Jan
10
10%
10%
100
10%
Feb
10%
8'/a Mar
11
6%
Jan
15%
Jan
8
10'A Mar
10%
10%
Jan
94
10
93
Jan
96
30
68
Mar
72
•
7%
7%
45
'">
45
9%
9%
3
3
28%
100
7%
800
46
75
9%
700
3
300
9%
/ 5% Feb
43%
9
'3
Y
48%
Jan
Feb
10%
Jan
Jan
3%
Jan
28 %
28%
Y 200
"27%
Feb
31
15%
'50
15%
Feb
17% Jan
40%
Feb
42
Mar
Mar
144
Jan
138
31%
139
31
60
31%
109
200
109
30
73%
'
73
'
3%
"
3%
44
44
136
30%
Feb
31% Mar
74
4,000
3%
400
44
50
107%
Jan
109
Mar
Feb
21
Jan
68%
Feb
2%
Jan
3%
Jan
47%
43
79%
Jan
Feb
Feb
4%
II'
_2%
"2%
800
17
18
200
16'%
16%
Mfg
8%
300
8%
8%
4%
.
4%
•
,-•800
12 i;.
Jan
6
12%
Feb
3'A Jan
Jan
Registered
<te
International
Investors
Iron
Utilities
Fireman
For
footnotes
«
*
see
page 37.
A
400
10%
Jan
13
Feb
14
Jan
38
Jan
V 38
Jan
Jan
20 Va
Feb
113
14'A
Jan
8%
Feb
12'/a
Jan
7% Mar
11%
2%
2%
Feb
8%
Feb
7%
8%
1,200
16%
17'A
2,300
15%
Feb
2%
2%
500
2%
Feb
3
Jan
6
Feb
6'A
Jan
7%
"2%
7% Feb
"l% "2
"2
15
32.6uO
{§
19'A
2
Feb
Jan
Jan
Mar
15%
1,000
13%
Feb
17%
x35 'A x35 'A
25
35
Feb
37
Feb
50
28%
Feb
32%
Jan
9%
Jan
29
29
7'A
7%
13%
14%
4,100
1%
1%
7'A Mar
700
300
1
Jan
Y 15%
Jan
1% Mar
2
A
Jan
5
Feb
6
Jan
1083A
14
Feb
109%
Jan
3% Mar
4%
Jan
13%
Feb
4%
200
5%
5%
300
7'A
7'A
200
7% Mar
1
1%
800
1
6%
61%
100
Midland
Steel
1.000
Feb
4% Mar
10 Va
Jan
10
v
t c
1
~6%
~6%
6%
2,100
1%
1%
2%
4,200
Mid-West
Midwest
Oil
Miller
;
common
Refineries
Wo hi
-4% ft
Co
Morris
Mountain
12
800
10%
Jan
12%
Jan
Mountain
States Power
States
550
104%
Jan
110%
Feb
11%
11%
100
10%
Jan
11% Mar
52%
500
47
Jan
53
22
Moody Investors
Plan
partlc
7%
Jan
1%
Feb
2%
Jan
Jan
10'A
Jan
Jan
24% Mar
12
Feb
16%
pfd
Tel
<fe
Tel
Jan
191/2
Jan
20
21%
Jan
2%
Mar
Feb
23A
Jan
7%
Jan
3274
Jan
8% Mar
10'A
Jan
3
94%
94%
100% 100%
2
2%
2%
168
93%
Jan
97
Feb
Feb
25
Jan
%
167% 170
6,700
674
Jan
800
8'A
2%
2%
Jan
3'/a Mar
50
89%
Jan
941/2 Mar
25
500
>320
99
2%
Jan
Jan
167'/a Mar
8'A Mar
101%
2%
176
Feb
Jan
Jan
33%
Feb
3%
Jan
4%
Feb
12% Mar
14%
Jan
Feb
33%
33%
50
12%
12%
12%
500
32
32
32'%
750
31%
Jan
•
10c
10
common
4%
18% Mar
Feb
25
7%
100
A
Feb
Jan
Feb
96%
100
Mt Vernon-Woodborry Mills.
Murray Ohio Mfg Co
Muskegon Piston Ring common
Muskogee Co common
37%
Jan
Feb
331/2
103%
17%
20%
150
17
Mar
22%
•
27%
27%
100
25
Jan
271/2 Mar
2.50
9%
9%
100
Feb
10%
Jan
•
100'A 101
100
I
,
1.
20%
30
97%
8%
Jan
Jan
Feb
Company
common
8%
11
7%
100
7%'Mar
11%
9%
900
8% Mar
10%
Jan
Nachman
%
%
100
%
Feb
1
Jan
Namm's
13%
600
12%
Feb
14
Jan
National
Bellas
1%
100
1%
Feb
Jan
National
Breweries
15% '
300
15% Mar
17
Jan
3% Mar
5
Mar
11
Feb
13%
Jan
9
Feb
12'A
Jan
13
Jan
Jan
9%
1/)
I0»
Jan
7%
9%
13
1%
,
15%
Feb
Feb
~6%
6%
1,400
1
of America
Corp
8
;
Jan
8%
Jan
Feb
6%
29%
8%
1
Producers
Feb
Jan
Jan
24
1
Feb
Feb
6
1,200
96%
•
class
1,600
.
•
Monroe Loan Society com class A
Jan
11%
Jan
v
50
32
8V2
pfd—100
common
71/4
7
~8%
50
2%
21/4'
32
•
pfd
pfd series B
Jan
951/2
~2%
600
20
20
•
1
Molybdenum
cum
1,325
18'A
18'A
18%
50
Mining Corp of Canada—
cum
13%
12'A
50c
common
convertible preferred
4%
Jan
Feb
Jan
1%
3%
10
Midwest Piping ft: Supply
Mid-West
12%
50c
Co
161/2
Jan
5%
9%
Jan
23%
•
•
common
Abrasive
16 Va
10%
Jart
Jan
Jan
10'A
•
$2 non-cum dividend shares
Mldvale Co
Feb
88%
5 Vs
47
1
5
Feb
400
4%
Jan
Jan
7
1
•
pfd
conv
14%
11%
5%
1
-
Products—
Minnesota Power ft Light 5%
8%
3%
45
2.80
Ex-distribution
Midland Oil Corp $1
Missouri Public Service
Jan
4%
1
Jan
18
25e
'
800
IB
Jan
16% Mar
~4
3%
Middle West Corp—
8%
—8
—1
cl
12
12
1
13%
•
—1
com
Feb
100
Co
2%
51%
•
•
Rnnprnowor Onro
Feb
—«
preferred
Iron
22'A
20%
Irving Air Chute
Feb
12%
•
Mlcromatic Hone Corp
Muter
1—
16'A
111%
600
1
700
109%. 110%
10
Mfg vtc
5,600
13
1
4,200
■
;"Y-~
Royalty
19 Y
12%
B
Feb
*
common
18'A
13
1
Co
16%
10%
-60
Safety Razor B
18%
3
Co
11%
:
•
shares
Mar
10
Mar
Hydro-Electric—
International
Mar
73
1
17
•
-10
International Products
83
Feb
•
16 "
'
pfd__ 100
shs
Feb
66%
•
Co class
15%
15%
—8
coupon
77%
575
•
15%
;•
•
«1
Petroleum
275
common
Mountain
*
Imperial Tobacco of Great Britain
International
Jan
80%
Montgomery Ward & Co
£1
International Metal Industries A
x*a
70%
10
;
4.80 ft
•
Imperial Chemical Industries—
Cigar Machinery
Feb
69'A
Dredging
4.40 ft
Preferred $3.60 series
%
£1
Corp
Monogram Pictures common
Monongahela Power Co—
International
12,400
Marine
2
l
International
%
_•
Middle States Petroleum class A
Class B v t c
Jan
19%
•
Insurance Co of North America
Jan
iff
%
•
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co common
6ft preferred
7% Mar
Jan
15%
•
ft Ireland
Jan
9%
1
Participating preferred
Mar
1
Indianapolis Pwr ft Light 4 ft
24%
300
79'A
!
Co
Metal Textile Corp common
Jan
72
5
Amer dep rets registered
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Jan
8% Mar
8%
Chapman ft Scott Corp—
A
Mesabl
.10% Mar
94
warrants...
common
Jan
69%
common
&
Johnson
*6Vaft
Feb
Jan
70
8
Co
Jan
24%
10% Mar
Hygrade Food Products
Zinc
Jan
24'/a
21%
3,400
26%
Jan
8%
1
Warrants
Jan
1st conv preferred
Hydro-Electric Securities
Illinois
24
common
(A G)
Merrltt
Feb
9%
•
common
23%
common
Co
Corp
Menasco
Jan
200
•
stock
Mead
Jan
8%
Refining
Hurd Lock ft Mfg Co..
Hussman Refrigerator $2.25 pfd.
Common
23'A
7%
Feb
21 % Mar
150
preferred
McWilllams
Jan
8%
100
ft
23
•
convertible preferred
McKee
Jan
2%
2
Feb
8%
5
«•
x50%
1% Mar
1%
common...
Oil
Feb
1%
y
:
(Harvey)
Humble
Feb
1%
15
common
preferred
Mfg
$2.50
Jan
•
com.
Baking Co
ft Hardart
R ft
17%
:•
;
(The B)
Massey Harris
Jan
1
common
Inc
Horn ft Hardart
Horn
7%
s
Holly Stores Ino
Herder's
7% Mar
10
Holllnger Consolidated G M
21'A
common
International
McCord
100
i
common
21%
Feb
•
Marconi
Feb
7%'
2
ft Co class A
Jan
6%
25%
100
Communication Co Ltd
Marlon Power Shovel
IO51/2 Mar
100
;
Mar
23%
10
Jan
100
preferred w w
preferred w w
26
Co
Service
Feb
7%
•
6 ft ft
4ft
Jan
Co
Public
102
Jan
•
Heller Co common
25%
Maine
Feb
25o
Y
A
Jan
Macklntosh-Hemphlll
36
9
common
Rubinstein
Class
12%
100
Mapes Consolidated Mfg Co___
1
common
Jan
Feb
1
Manischewlts
1
Dept Stores
Hecla Mining Co
dep..
Feb
.•
Hearn
of
Feb
1
Haieltine Corp
ctfs
8
49 %
Jan
13
10%
*
142
6%
47%
Feb
22 %
1
111%
5% Mar
25
:
Jan
Feb
20% Mar
10
Feb
200
common.!
Brewing Co
Hathaway Bakeries Inc
%
10
•
Feb
•
Harvard
800
A
220
17
700
2,000
•
McClanahan Oil Co
17
Yv
11%
Jan
22
M
Jan
Jan
5%
17
Jan
Jan
20%
Jan
vY;V7
5%
5
6%
10 Va
10%
Lynch Corp
H
common
Jan
Feb
20%
Jan
11%
6%
Jan
Feb
Jan
Jan
20% Mar
10%
dep
A
Feb
8%
9 % Mar
•
class
preferred B .ctfs of dep
j
Louisiana Land & Exploration
Louisiana Power Ac Light $6 pfd
-j&Jan
53 Vi
preferred
%
Jan
Jan
300
9%
20%
18
Jan
5%
11%
Jan
100
v
6%
9%
8
of
13%
Jan
8%
■
II
preferred
6%
Feb
B
Paper
12% Mar
|
Inc 8ft
Common ctfs
'21; Y2t:
—
1
Lone 8tar Gas Co.
(Texas)
5ft
Bridge Co Ltd
6
II
Inc
Co
Corp common
McAleer
Lamp Co
'
0
(RG)
Material
103%
V
,
5
5%
100
104% 105%
100
1,300
xl36'/2
V'
•.
pfd—100
Jan
71%
12% Mar
Y
5
5
6'A
30
38 %
Jan
Jan
—
6Va
325
140'A 1401/2
20
Feb
%
Mangel Stores
•
Feb
6%
I
Corp of Delaware
Longlnea-Wlttnauer Watch Co
Long Island Lighting Co—
:
stock
181/2
7'A
Jan
62'/2
5%
■
Jan
75
12 %
Y
6%.
'
1,400
80
Feb
8
400
11%
_
8'/a
24 %
;•
49% Mar
100
10% Mar
—
7%
43
Jan
1/2
Jan
Jan
100
__
6%
Jan
10
Feb
7%
Locke Steel Chain
Jan
1
Gypsum Lime A Alabastine
Hammermill
1%
1
Groceterias
Class B
Jan
3,300
Jan
Feb
12%
Vff Mar
1,600
Lit Brothers common
Jan
141/4
8
preferred
Hamilton
Feb
Feb
1
10%
Llpton (Thos J)
Jan
27
Jan.
11%
pfd—28
conv
Gray Mfg Co
Hall
2%
9%
10%
Lionel
18% Jan
Jan
4%
10
common
Jan
1,400
10%
Le
Jan
5 Y
Feb
-
3
4%
2,400
1
—1
University.
Realty common
Leonard Oil Development
106% Feb
Jan
521/2
%
.%
50
Mar
Lamson
Mar
116
v
-
Jan
74%
—1
17
Jan
2,000
1
&
10'A
class A
29%
Feb
I
13%
125
Jan
15
2%
I
1,200
39'%
3%
26%
800
Lakey Foundry ft Machine
Jan
100
_•
500
400
I
Lefcourt
21
$4.60 prior preferred
Goldfield Consolidated Mines
Goodman Mfg Co_
Utilities
Laclede-Chrlsty
Company
L'Aiglon Apparel Inc..
1021/2 Feb
-14% Mar.
B
V
4%
—
8%
Jan
39
Maj-
17
.19% x20
La Salle Extension
,
Jan
105
12%
6%
Lanston Monotype Machine
-18
Mar
2%
—.
6% Mar
-
200
2%
103
10%
29%
(
Feb
9%
8% Mar
Feb!
91/4
Jan
22'/2
Mar
9%
10%
Co
Loblaw
%
Jan
x7
180
1%
Mar
-
4
4,200
13
L
:8% Jan
Jan
3%
Feb
2%
Feb
23'%
113% Jan
700
:
1
States
Brewing
Jan
12%
4
;
•
Great Northern Paper
Grocery Stores Products
4
16%
99
150
•
14
1st
Krueger
25
2.50
Pacific
Feb
Jan
Jan
12%
200
105
28%
Feb
600
15
10
ft
common.
450
10
103
preferred
Jan
25,
4%Y
10%
common
.100
cumulative
Jan
91/4
126
3% Jan
Feb
106 Y Feb
14
Non-voting
preferred
Feb
Feb
11%
8%
8
9%
YY 2%
.
1
Great Atlantic
8%
95
14%
Inc
Mfg
Jan
Jan
1% Jan
Mar •'
>101
■
2%
8
Gulf
31
1,100
4
2%
Globe-Union
7ft
6%
7%
-
_•
Godchaux Sugars
92 y8
Line
Co
(Adolf) Inc
Jan
5% Jan
...
Glenmore Distilleries class B_
.
;
■
x374
"2%
1
Gleaner Harvester Corp
Glen Alden Coal
Gorham
20'%
Feb
123'A Mar
,
Knott Corp common
Kobacker Stores
'
50c
Gladding McBean ft Co._
Gorham Inc
Jan
Jan
121/2
Klrkland Lake G M Co Ltd
Ktem (D Emll) Co common
Kleinert (IB) Rubber Co
Mar
Yi% Jan
Y 3% Jan
1,900
32%
Y_Y-»-
—1
common
6'A
.
_•
100
pfd_
~6
6%
1
10
Giant Yellowknlfe Gold Mines
Gilbert (A C) common
Class
Jan
4%
5%
10,500
—i
King Seeley Corp
Kingston Products
Klrby Petroleum
Jan
15
8% .Jan-
preferred—*
Georgia Power |6 preferred
;
-•
$8 peefwrrpri
.1—
Gobel
13
22'A
Public-Service $6
GUchrlst
300
£1
General Phoenix Corp
General'Plywood Corp
5%
Feb
5%. Mar
200
4%
Jan
6%
Inc
Kings County Lighting
Jan
9
6%
_•
y
B ft preferred series A
General Fi reproofing common.:
General
10
25 %
Feb
6%
-10«
common
4% ft
8% Mar
14 % Mar
3,100
Yl%
1%
Outdoor
7%
—1
pfd.
(Walter) ft Co
Kimberly-Clark Corp—
Jan
88%
•
Amer dep rets ord reg
General Finance Corp common
General
200
12%
.14%
1
common
General Electric Co Ltd—
'
11%
Builders
conv
8%
100
Co
Alloys
24
15
2
—*
common
.
8%
•
Co
Gatlneau Power Co
Y 6% preferred
24
80
preferred
conv
5%
19
Kldde
Jan
10
'
Fuller
6%
Jan
K
4%
dep rets bearer
Pitt
Feb
4% Mar
■■■-■■a)
—
3%
4%
43A
15% Mar
15%
voting
Motor
2% Mar
i
«
Kokenge Co
High
Jan
Canada—
of
Cn»aa
Fora
Low
Co—
dep rets ord reg—
Motor
Range Since January 1
High
—1
Ford Motor Co Ltd—
Fora
Shares
—1
.
Preference
Julian
2% Jan
Jan
for Week
of Prices
Par
10,300
Sales
Range
Last
Sale Price
Exchange
High
4'A
2%'
Week's
Friday
STOCKS—
30
fltores.
fl
18
New York Curb
11%
.
MARCH
Range Since January 1
1
preferred
cum
64
(1251)
EXCHANGE
ENDED
64 V-
m
_10
—
CURB
FOR WEEK
CHRONICLE
for Week
High
12%
Y4-V>
11
;—
York corp common
First
13%
—1
AUpiaae
Metallurgical—
Association
Low
FINANCIAL
Sales
of Prices Y Shares
v
&
15%
5
1,000
4%
•
5
2,200
Va
1
600
7%
%
Feb.
Jan
11/2
1%
Jan
N
7ft
.10
Corp
Inc
Hess
common
common
preferred
National
Fuel
12%
Gas
National Mallinson Fabrics.——
12
v3
.1
common
300
12
Mar
3%
1,000
3
Mar
3
4,100
274
12%
51/2
\3
31%
30%
31%
1,200
Jan
—25
•
9
9
9'/a
8,100
1
9%
9'/e
9'A
200
3%
Jan
29'A Mar
33'A
Feb
34
1
*
2%
34
Jan
Jan
Jan
Jan
9%
Feb
9 Va Mar
11%
Jan
8%
35
3(»
(1252)
COMMERCIAL
THE
NEW
YORK
Week's
Exchange
of Prices
Low
Par
National Mfg «fc 8tores common
National Pressure Cooker common
Mhui/uai
National
•
J
National
Nelson
New
Haven
<fc
3
Park
Process Co
Auction
Y
N
Y
&
Mining
81
1 Va
Feb
700
3
2d
59
6V4
Va
200
6
Feb
Royalite Oil Co Ltd
l7a
1 Va
2,200
8
8 Va
200
8V2
50
Va
1%
1%
Jan
Feb
8V2
Central
North
Jan
18 Va Mar
9%
10V4
Va
Jan
lo% Mar
J.
f<v
Feb
Savoy Oil Inc (Del)
Sayre & Fisher Brick
9J/4
7%
Jan
9%
Feb
Schulte
Jan
9%
Jan
fcjcovin
Jan
SculUn
8
Va
8%
1.800
8%
98
95 Va Mar
11
8% Mar
700
10
1
Steel
Co
—1
8%
•
14%
Corp
Ohio
Power
Oklahoma
Old
common
Co
class
1% Mar
Selby
4'A%
Oliver United
_•
39
I100
preferred
Natural
Poindexter
common....
Gas
Distillery...
42
•
1
_
-7
109
13
11%
Feb
15%
Jan
2 Va
Jan
2%
Jan
Convertible
Feb
89 >
Feb
101%
Jan
102%
Feb
Jan
9%
7% Feb
14'A Mar
11%
Jan
Bemler
15 Va
Jan
Sentinel
2,200
400
-
Selected
2 Va
2
2,000
40
35'A
60
42
106'A
3,100
9
2V2
Feb
275
109 '
9
Feb
112
44
Feb
Pacific
8
14
Feb
227/a
Jan
Jan
7%
(R
Lighting $5 preferred
Power & Light 5% pfd
Pacific
Pacific Public Service
$1.30
1st
Paramount
Parker
Pen
Patican
200
17 Va
2%
2%
7,000
8'A
B)
8,600
22 Va
22 Va
Penn Gas & Elec class A
Penn Power &
Co
8%
7%
1
lVa
2%
1%
Feb,
2V4
Maf
2'A
1,300
l7/8
Jan/
.2%
jan
3'A
300
3Va
Jan
'3%
Jan
1%
1%
1,300
l'A
Feb
1%
Jan
900
24%
Feb
28'A
Jan
15% Mai-
19'A
Jan
IIIi
"1
Ltd
Amer
24
%
25%
17'A
16'A
2,600
'
17%
1,000
:
l'A Mar
1%
300
16 %
Jan
17%
Jan
1 Va
l'A
1,800
TV!:;
Mar
1%
Jan
15'A
--
15 'A
50
15%
Jan
Feb
—
' "
.
—
16%
*
l'A
17
1
common...
Jan
Sonotone
Feb
Corp
Jan
Jan
South
Southwest
Feb
24 Va
Jan
Southern
Feb
15%
Jan
Feb
80
Jan
Jan
4
Feb
47
Jan
Jan
25
Jan
29 V2
5%
Feb
16
Feb
19%
75
.
75'A
100
73'A
Jan
78%
Feb
78'A
Feb
78%
Feb
1
4
900
3
Jan
3%
600
3
Mar
4%
Jan
III
5k
'•»
2,400
Jan
%
Feb
2%
2%
700
20%
21'A
2,000
13
13%
300
13
600
A53
'•
20%
58%
58 V2
60
V
105% 105%
18
*
12'A
,
30
,
18
12'%
Co
13'A
711%
Jan
2%
19%
3
Jan
Feb
•
Jan
21 'A Mar
Jan
Mar
14 Va
Jan
Jan
60
105% Mai-
107
Jan
20
Jan
18
25
Mar
Mar
900
11%
Jan
12%
Feb
300
3%
Feb
4%
Jan
•
1
♦
100
6%
6%
226
226
6%
2,100
140
Va
10
Jan
Jan
3%
preferred
10%
1
%
Jan
257A
3,100
8%
Jan
11% Mar
2,400
3
3%
11%
1
%
Feb
l'/a
3%
x7%
8
3
Jan
3% Feb
7%
Jan
8
Jan
3,400
500
v-
25
25
2%
100
2% Mar
3Va
Jan
29% x29%
1,100
29'A Mar
36%
Jan
16
16
16
10
15
Mar
18
Jan
39%
40
40
37
Jan
4l'A
Feb
Feb
29%
Feb
28
28%
2,800
26%
27 %
1,200
'A
25%
600
2%
x27%
preference
preferred..
28 Va
27
25
25
Mar
28
29
26% Mar
24%
Southern Pipe Line
31%
Southland Royalty Co
Spencer Shoe Corp
6%
100%
Jan
105 Va
Jan
Stahl-Meyer Inc
4%
Jan
5
Jan
Standard
33'A
Feb
Jan
Standard Cap & Seal
Jan
39
Feb
Jan
Jan
275
Jan
26'A Mar
Feb
u
Jan
% Jan
29'A
Jail
6
8V4 Mar
Jan
29%
25
preference
2'A
Jan
25%
11%
25
cum
2%
Jan
Edison—
conv
Feb
Feb
93
Mar
89
1
12.50
7%
236%
Feb
3%
•
1
.1
Feb
Mar
223
100
-
Line
6%
227
£ 1
1
common
California
conv
Jan.
*
1
Pipe
cum
5
9% Mar
•
class A
•
10% Mar
100
4.56%
4.48%
i«
1
9
25
Jan
3
•
—*
Jan
3%
3'A
1
original preferred
4.32%
2%
.
4.88%
.
Mar
Mar
Pa
Feb
750
2%
—
___.___i___._--_
Oil
Penn
4,200
18%
2*8
25
Manufacturing common
South Coast Corp common
Jan
,
2?a
16%
3'A
18
.•
•
Jan
4
•;
,7:
7
700
2%
13
7%
8
50%
400 A
3
12%
3
350
9%
7
24%
*7—
common
SSolar Manufacturing
17
44'A
900
22
1%
Jari
8%
2'/a
Solar Aircraft Co
3
200
4
22
Jail
3 Va
•
preferred
Simplicity Pattern common
Simpson's Ltd class B
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
3.90% preferred
Smith (Howard; Paper Mills
Jan
9%
•
4%
Publications—
1
2.50
common
Jan
2'A
common
1%
5
8
4'A
3%
'—
Canada..
500
55%
•
;—
Feb
Jan
common.....
of
6,400
54%
*
Jan
Jan
1
2,000
35
50c
5%
19%
common.
1%
33%
4
Feb
11%
class B—1
8'A
4%
1
3%
Feb
Control
2%
'A
103'A 103%
34
7
1
Simmons-Boardman
11 Va
20
100
20
common
>4
Feb
Jan
MOO
47
2
•
Philadelphia Co common
Phillips Packing Co
25 Va
23 Va
;.2.50
(Mass)
Mar
28
.
1,900
.-1
5
preferred
Silex Co
17 Va Mar
Feb
7»A
50
,3%
47
:
—
100
Perfect Circle Corp
Governor
Pinchin Johnson
3%
,
1%
Penn Water & Power Co
<fc Rubber
2%
16
...
1
•
common
'&
Jan
98
Jan
2 DO
—
...25
Light 4 Va % pfd
Pierce
3%
4%
10
Feb
——.
Inc
Corp
Leather
62
17
,
Jan
__
G
Inc
Radio
13
7%
17
2
Corp common
Penn-Dixie Cement warrants
Feb
1U4%
Jan
15
•
preferred—
Pep Boys "(The)
Peppercll Mfg Co
101% Mar
100
1
Mills
6%
—
7% Mar
Boss
7%
Pennroad
Pharis Tire
Va 102 V4
1
Ltd..
Traffic
Jan
23%
Telephone- common——,—*
$1 cumulative
preferred
23
Penn
Jan
32%
5
Plymouth
cum
36
Feb
2va
Feb
—
w
Shoe Corp of America
Sick's Breweries Ltd
•—
Peninsular
$1.32
Feb
30%
94
—
Corp
Co
Co
33 Va
100
17 Va
17Va
•
Parkersburg Rig & Reel
.Patchogue
600
31%
*
common
Motors
34%
101
*
Pancoastal Oil (CA) v t c
Pantapec Oil (CA) Amer sh
Jan
31%
•
preferred
Page-Hersey Tubes
87/a
Jan
34 Va
100
com
.5%
4%
L_
Feb
3,100
—
16
slock
Safety
4 %
Jan
7%
34%
Feb
8%
,6%
L.
700
$3 convertible
25
Jan
5%
5%
•
Industries
Sherwin-Williams
Jan
Jan
17 Va
100
7
.23
Feb
7%
200
—
Sherwin-Williams
Feb
9 Va
14
Pacific Can Co common
Pacific Gas & Elec 6% 1st
pfd
5 V2 %
1st preferred
'
Feb
4,600
Sheller Mfg Co
Jan
Jan
8% Jan
2,800
17%
17%
"
Feb
5%
7'A
Shawinigan Water & Power
Jan
40% Mar
Jan
37-
Omar Inc
O'okiep Copper Co Ltd Amer shares.
Overseas Securities
I—1
x6%
8%
prior stock
Allotment certificates..
•
Filters class B
300'
1,700
17%
Shaituck Denn Mining
39 V
5%
Feb
125
t>%
107%
7'A
6%
$5.50
2
-
.
5%
1
Co
300
15
39
;
?.
-
—
1
Corp General
Shoe
Seton
2'A
...
B
'
7%
Bros Inc—
Berrick Corp
Brass
Feb
Jan
4'A
37
17'A
common
Securities
0
Ohio
10
'7
1
Segal Lock & Hardware
Sentry
Ogden
Jan
W Jahv''
30
7%
25
Seeman
4,500
8
•
Feb
4
v
17%
common
Jan
2%
102 V4
14%
700
2,900
._25«.
Jan
12%
2%
102
Jan
5 Va
100
4'A
3 5'A
6%
~
______
Jan
8%
102'4
9'A
32%
32%
1
Co
IS
x88%
Northern Indiana Pub Serv 5% pfd.100
Northern States Power
(Minn)
*
Feb
27
.i.49
Manuiactunng
Feb
11%
2%
Inc
A)
1 Va
1%
50
Northrop^ Aircraft Inc..
Novadel-Agene Corp
(D
100
1%
1
93
Feb
..__1
common
37 Va
Mar
"III
common...
37
Feb.
29 Va Mar
8
Co
RR
lit
300
7/a
29%
Securities.—•
Corp
Jan
•
Oil
Texas
United
%
•
Utility
Samson
Feb
8s/a
Jan
22'A
—
4'A
5%
»
__
—
Jan
9%
16
Corp
Va
9%
-
9'A
L-.' -4
1
preierred..
94 Va Mar
5
A
conv
92%
9%
6
class
Lawrence
1st
Salt Dome Oil Co
550
200
8%
V
Jan
89
Feb
6,600
95 Va
—
_l.as
common
150
97%:;
Va
•
• Airlines
Penn
Ltd
^18%
16%
94 %
Jan
2'/a
Mar
200 '
96 Va
10
250
4'A.
....
common
18%
9
com
Class B common
North
Ryerson & Haynes
13 Va
94%
Jan
Jan
30
:
Northeast
Jan
,
Petroleum
Feb
Nineteen Hundred Corp common
American
Consolidated
Jan
5/32
Niles-Bement-Pond
Nortn
.
Ryan
11
97%
90%
'
„
*
1
com
Jan
26%
100
Rayon
new
Co
350
100
±1,
90%
x22% x23 'A
7
--
*
common
Aeronautical
11 Va
warrants
Niagara Share Corp class B
Nipia&ing Mines
North American
Corp
Ryan
30
7
1%
2%
1
"
(The)
Russeks Fnch Ave
11%
42,100
5
10
Jan
30
10
2,400
High
Feb
Jan
75
Jan
2'A
2
'
5
Jan
8'A
V'
£1
reg_.U—
;
Rowe
67
V:7*—«.
•
common
Inc..
Jan
7 Va
Mar
73
1
preferred
optional
Corp
Jan
10
common
1st preferred
for ord
rets
Field
300
.-7;7"7''
2%
Mar
1,800
62
1%
1
5%
dep
Cable
Range Since January I
Low
2%
2
2%
pfd F__ _.1UU
common-
87'A
Mar
8%
•
Rosario
5%
Inc
Rotary Electric Steel Co
6 Va
Corp—
Niagara Hudson Power
& Elec 4%
Feb
Jan
1
Amer
Roosevelt
Shares
High
2%
1
Royce Ltd—
Rome
16 Va Mar
80% Mar
*
Pounders shares
B
6
G'/e
1
Merchandise
Shipbuilding
Class
Jan
Roils
Jan
b%
Feb
Feb
10
Honduras
Y
Y
4%
Gas
Pendleton
&
Low
i
Co—
t c
v
Roeser
Mar
Jan
va
Corp;
Gas
of Prices
.1
St
Cu
N
18
Valley
''•
Sales
for Week
Range
Sale Price
J
Rocnest'er
a% Mar
Jan
6%
j
(Texas
Jan
9
3V2
14
6,900
4 %-■
3%
59
1
common...
N
4i
l'A
Rio
3V8
500
50O,
b2%
Richmond Radiator
3 Va Mar
;
9,400
8
1
common
Co
100
16 Va
Va
8I.V2
1
Co
23
N
xa
8
16
20
New
3%
3%
16
—100
Watch
convertible preferred
New
7Va
•.
6
New Jersey Zinc
1
New Mexico <fe Arizona Land
r/a%
3'A
9
#
England Tel & Tel
Wet
Clock
3 %
300
Corp
Neptune Meter common
Neain Le Mur Co class A
10%
Feb
6V2 Mar
200 1
Last
Exchange
Par
Feb
Grande
Week's
Friday
Jan
11 Va
,
17% Mar
*
Radio
Union
(Herman;
tiVu
9'A
-•
.
Transit common.—.
National
1,100
8
•
10
Machinery
nuooer
''National ttieel Car Lta_j
7
lO'/a Mar
700
6%;
'?
New York Curb
High
Low
10
7
18
777>/.7:7;;V
STOCKS—
IOO
10%
Monday, March 21, 1949
EXCHANGE
ENDED MARCH
Range Since January 1
Shares
High
Va
x9%
9'/2
1
Co
Radiator
10
1
CHRONICLE
for Week
Last
Sale Price
CURB
'7;
Sales
Range
Friday
STOCKS—
FINANCIAL
FOR WEEK
RANGE
New York Curb
&
9%
2%
1,800
Feb
7
Jan
100
.
21%
13
8%
24 Va
Feb
Brewing
Convertible
Feb
Standard
Jan
$1.60
Jffa
Standard
Mar
3Va
Feb
11
Mar
9%
Feb
400
22
4
58'
Jan
700
.
4l'A
Jan
Standard
Jan
Jan
shares
%
4
preferred
Feb
4%
Jan
%
Jan
,.:7 %
Mar
8%
Jan
jan
19%
4
Jan
4
Mar
17
Jan
800
20
~9
Jan
2Va
16% Mar
10
common
2%
6'A Mar
1,200
4
common
preferred-—
2Va Mar
200
6%
2.78
Dredging Corp
convertible
2%
6%
Co
900
21%
Feb
:.
Mar
10%
Jan
29 >'2
2,100
28 Va
Feb
30 Va
Jan
1%
1-V'a
8,800
l'A
Feb
1%
l'A
10
a
1%
Forgings Corp
(Ky)
Oil
Standard Power & Light com
Common class B
$7
800
3%
2%
l'A
1%
600
l'A
Feb
1%
125% 126%
110
112%
Jan
126 Va
7%
600
7
Jan
7%
Jan
3%
1,000
2%
Feb
126 %
preferred
9'A
28 7
2 9'A
9 '
Jan
Jan
Mar.
Pioneer Gold Mines Ltd.
1
Piper Aircraft Corp
Pitney-Bowes Inc
2%
3,200
"2%
Jan
Jan
Standard
1
1%
1%
400
1%
Feb
2'A
Jan
Standard-Thomson
Jan
3%
2
11'A
11'A
100
xl0%
Feb
11%
Jan
Standard Tube class B
2%
2%
27A
600
2
Jan
2% Mar
36'A
Feb
39
Starrett
3'A
3
3 'A
900
2%
Jan
3 ',4
62
Feb
69'/a
Jan
common'.
Pittsburgh Bess & Lake Erie RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Pleasant Valley Wine Co
Pneumatic
Polaris
common
Mining Co
Powdrell
Power
Scale
&
Pratt
Alexander
Prentice-Hall
Pressed
Inc
Metals
Producers
50
50
•7^-7
63 'A
63%
5
21%
63%
580
22%
400
common
common
4%
4%
7%
7%
7%
Prosperity Co class B
Providence Gas
93'A
2.50
93 'A
35
35%
150
7%
1,000
93'4
7%
7%
J
1
—
1%
—
—
1%
10
4 Vi %
of
12 Va
Feb
Mar
7'A
Jan
Jan
8%
Jan
Stetson (J B)
13%
.
Jan
95 Va
Jan
34
38
,
5%
Jan
Stroock
Feb
8%
Jan
Sunbeam
Jan
11V2
Jan
Sun
1%
Feb
Jan
Jan
preferred
100
*
99'A 100%
;
4
98
98
•
common
3
•
100
Power Co
(S)
9%
98'A
9
9%
—
89
—
8V4
Jan
10'A
Jan
Swan Finch Oil Corp
75
95%
Jan
100 Va
225
94'A
Jan
Feb
100
;
Jan
1%
Jan
3% Mar
'4%
Jan
Feb
10
500
%
15
39%
12%
% Mar
Jan
Jan
1
12% Mar
Jan
13'A
100
200
Feb
1,400
5'A
15'A
38
5'A
33 Va
41
Jan
xl4%
Feb
Jan
Feb
5%
5'A Mar
2%
2%
2%
1,000
2%
Jan
15'A Mar
Feb
10%
1
9%
10'A
225
9%
Feb
3
Jail
10%
375
--
9
Mar
5%
Jan
T
98'A Mar
.
21 Va
Jan
Jan
12'A
Jan
Mar
6
89
100
147%
13%
13%
100
75
85 'A
13%
92 Va
Jan
Jan
145
Jan
148%
Jan
Feb
xl4'A
Jan
1
11
11
11
100
11
Feb
ll'/a
•
27
26 'A
27%
1,600
26
Jan
27%
Jah
Technicolor
*
11'A
11'A
11%
2,300
10%
Jan
12%
Jan
Inc
Powei
&
common
Light
7%
pfd.."
Shovel
Corporation common
Inc
Realty
&
Construction
common
$3 convertible preferred
Raytheon Manufacturing common
Reading Tube Corp class A
Co
•
1
3
Rice
•
see
16'A
325
A Mar
IS
Jan
17
Jan
100
13
Jan
1
Mar
400
24%
Jan
26
Jan
38
40 Va
2,100
33
Feb
40% Mar
52 Va
39
3%
.
55
1
4
6 Va
3%
4
52 Va Mar
5% Mar
4 Va Feb
7%
Jan
5%
Tobacco
Allied
Stocks
5
10
800
19%
325
Feb
% Mar
55
1%
Mar
■
•
—
Feb
128
200
15
Mar
17%- Jah
12'A
300
11
Jan
13%- Jan
10'A
12 'A
•
16
10 'A
600
lO'/a Mar
12%
10'A
1
120% Mar
Jan
11%
,
1
-<
16
16
5
12'A
200
11%
Feb
52
Jan
—
.
-k
10%'Jah
13'A
«,
Jah
60
Mar
Tobacco Security Trust Co Ltd—
dep rets ord regis
dep rets def regis.
Shipyard Corp
common
Toklan Royalty Corp
Edison 4'A% pfd
Tonopah Mining of Nevada
Lux
Trunz
6'A
.
G'A
1,100
%
2%
2'A
J1'
,
Tung-Sol Lamp Works com
80c convertible preferred
%
2'A
2,100
1%
Feb
91'A
U
Jan
200
3%
3%
200
2%
2%
3,400
63/8
400
2%
~(i%
Feb
IS
Jan
Jan
2% Mar
98
Jan
IS
Jan
3% Mar
4'A
Jan
'
2 Va
Feb
2%
Jan
Jan
24'A
Jan
7%
Jan
11%
Jan
5%
Feb-
9%
•
6'A
60
Feb
24
•
1
Jan
Feb
300
""%
45
Mar
49'A
100
1
warrants
Inc
5%
500
1:1
'
45
45
1
Corp
Tri-Continentai
£1
5s
20
70c
4% Mar
1 ft
18%
&
'
100
Jan
3'A
900
13
18%
Jan
7,000
10
1
15%
150
5%
common
Rooting
Trans
25 Va
1
6.23
Rels
(Robert)
& Co
Reliance Electric & Engineering
Goods
16
new
Toledo
19,400
25
•
*
i7o
"ns
Co
Tishman
Todd
%
A-si
Taggart Corp common
Tampa Electric Co common
Tilo
146
•
Raymond Concrete Pile
footnotes
10'A
6%
Feb
Jan
1%
R
For
Jan
15
Jan
5%
12
10%
39%
-
25c
Thor
88%
147-
Aadio-Keith-Orpheum option warrants.
Railway & Light Securities—
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co common
10
Dry
1,900
3%
3%
& Co common
Corp
Feb
Amer
Stir
4%
Feb
Jan
Jan
10%
Jan
—
10
preferred
Shoe
900
jail
71
24%
'A Mar
■-
%
7%
__
Amer
Regal
12
100
%
10
9%
1,500
2
1
300
6','4
1
Co common
Thew
Queb<
12%
6'A
com
Ray Drug common..
Texas
6%
22
Colorado—.
cumulative
Oats
67%
250
(Hugo; Corp
Stop & Shop Inc..
7'A
•
Manufacturing
Quaker
190
23'A
Stlnnes
93'A Mar
68
22 'A
12'A
& Co common
Sterling Aluminum Products
Sterling Brewers Inc
§Sterling Engine Co
Sterling Inc
Superior Portland Cement, Inc
Superior Tool & Die Co
*
Puget Sound Power & Light—
$5
prior preferred
Puget Sound Pulp & Timber com
Pyle-National Co common
Pyrene
Jan
(A)
67%
•;
22'A
17'/4
l'A
__
Service
Jan
10'/a
—
—
Public
Jan
4%
4%
1,700
•
•
Corp of Nevada
Stein
3'A
3'/a
Corp
Corp
11% Mar
800
2.50
(The)
7%
7'A
Co
Steel Co of Canada
11%
10
4%
Products
Feb
25%
Jan:
4
_
America
Mar
'
100
common
of
3'A
Feb
20
1
25c
Corp of Canada
1st preferred
& Lambert Co
6%
_2%
Jan
Vvyv";..'
;V
U
Jan
Ulen
17%
Jan
21%
Jan
Unexcelled
Chemical
23Va
Feb'
25%
Jan
Union
of
Realization
Gas
Corp
Corp
Canada
1
10c
5
2%
2%
—•
8%
8
'A'
Jan
l'A
Feb
400
1%
Feb.
3%
Jan
600
7'A
Jan
8%
Jan
page 37.
If
Volume
COMMERCIAL
THE
Number 4787
169
NEW
YORK
RANGE
,
; '
•'
/
'
"
'
Last
•;
of Prices
Par
Union Investment Co
Low
$3.75
-
Union Stock Yards of Omaha
United Aircraft Products com
United Chemicals
50c
..
t.
■'
,
3
!'
r.
Elastic
3/8
•
Corp
•United Gas Corp common
United Light & Railways
Rights wl
V
1974
.26%
2774
19
1974
/
.—7
27:
29%
Jan
21
Jan
—
Feb
21
27,700
1.4
—
10
10
75
__
Feb
10%
Jan
21
LA7s
a
dep rets ord regis
-100
United Profit Sharing com
10(4 preferred.
United
Shoe
—
Specialities
U S Air
common—
U
preferred with warrants.
S
U 8 Rubber
774 Mar
8%
Feb
Milwaukee Gas Light 47-2s
1
Mar
1%
Jan
New England Power 3%s
Feb
14%
Jan
N
2004
3%
Jan
Ohio Power
1968
1971
Utah-rldaho Sugar—
Utah Power >& Light
4%
47
/
1,700
•
•
274
2%
-
2O0
1%
10
•'
•
:
common
_
__.
—10
2574
Jan
X2574
\
274
200
Feb
2*
5,100
-
2274
feb
A6%s
Jan
Jan
2%
.
22% Mar
Hydro-Electric
-
Oct
ex
1
•
93
62
-
'
-
3974
—
—
21
5
26
72%
2774
27
1100
-
105
,
108%
—
108 7/a
10174
-
101%
14
60
105
2
104
105%
104%
105
$105 74
—
10474
102
24
$103% 104 74
.
/
104 y8
94
93
1
$10574 10674
108
103
1
10674 10674
;
J-J
104 %
106%
^
•
9374
9374
9374
.>
65
102%
5
.-1077b 10774
..
J-J
J-D
60
105
t
v
105%
106%
105%
—
106
-
Cq—;
A6%s with Oct, 1 1940 coupon.. 1960
,
"
__
...
60
A-O
1970
-Piedmont
Feb
26
r
-
Jan
21
M-S
1st mtge 3s___—__1964
374 s
,.y:
44%
26
—
-
M-N
Pennsylvania Water & Power 3 74S.1964
40% .Jan
Febi
23%
bO
2%
22%
25 74
'
—_5
Ltg 4s
mtge 3%s__
Jan
-
common—.
1st
.
2%
-
2474- Feb"
-
t
Y & Westchester
,
2%
Feb
.,
35%
800
39.
37%
10
2;000
to
Jan
6 74
Feb
2
.....
■
4%
1st mtge 3s
Park Lexington
7974 Mar
Feb
4%
900
a
Jan
75
1
—
'UdversaLProducts Co
"4%
13
600
—
7974
79
J-'—
Universal. Consolidated Oil
•Universal .Insurance-—i.
139
A-O
2%
43...
6974' 72%
72%
J-D
Feb
13%
2%
.
2
$101% 102
1963
1967
1961
1,200
41%
...
A-O
Jan
1%
44 "
32
$41
F- a
Jan
1 V«
37
1956
Jan
•
42%
42
$108 74 111
7%
174
31%
J-J
40'A
—
16
1969
52%
—
44
4174
$ 15
Feb
*
42%
32%
J-j
Jan
at
43
31%
1
J-D
Jan
Extended
32%
21
42
1966
6%
2
Reclaiming Co—
•United Stores Corp com
Kansas Power & Light 3%s
McCord Corp deb 4'/2s
4.
Midland Valley RR—
•
3
42%
42
'
4274
1963
3%s
47%
—
'
^
___.
Jan
Superpower 6s
3774
•
common
Kansas Electric Power
40
.
Radiator
42
1952
coupon.
Altalian
Feb
3,325
—
105%
42
r
i
...
39%
,
1374
•
1952
49%
•
Securities.
International
1st
'
J-j
39
>
—
■
Conditioning Corp
S. and
$5
ctfs
Feb
Jan
42
---
48
—
U S Foil Go class B
U
12
__
J-J
39%
.
1
....
' V
1947
1
58.
104%
__
42
.41%
Co—
escrow
Nov
ex
High
55
7
41.7a
1952
(July. 1941 coupon)
1
242 74 Mar
20
Jan. 1
Low
41 74
■■■■•■■.>/42
—1957
474
246%
Jan
4%
•
__
55%
J10574 10574
.
—1952
Power
Range Since
Sold
No.
High
55
.
F-A
48%
10
25
..
'
1
—
242 >/4 243
•
common-—25
Machinery
■
243
25c
Preferred
United
1L—.1
_1
j-d
1957
Isarco Hydro-Electric Co-—
A 7s with Nov 1 1940 coupon.
Jan
Mar
United Molasses Co Ltd—
Amer
1955
Bonds
Friday's
Bid & Asked
__
M-N
coup)——1955
1941 coupon)
Debenture
a 7s
United NJ RR & Canal
1941
„—
(Aug
J"?
1970
i
C
(Dec 1
Interstate
Feb
2
Feb
3%s
A7s series F
27% Mar
20
10
common,....
—_
_1958
series E
A7s
Jan
1874 Mar'' ■'
3,000
.
•
Preferred
i7<f
Feb
26
or
Sale Price
Sec—
Power
series
A67'2s
A 7s
Jan
Jan
100
A6%s
Jan
39
*
—10
___.
;
United Milk Products
Jan
374
Mar
5,600
2674
2674
57
International
Jan
Feb
2%
33
,
Last
Period
Guantanamo & Western 6s
Indianapolis Power & Lt
9774
Feb
54%
.
1,300
V/a
,
Interest
Exchange
Low
r
Jan
92%
175
97
Corp warrants
United
:■
1
3
•
common
United
\
95
New York Curb
Jan
674
Jan
674
•
97
—
*
BONDS
'
•
pfd series A
37
18
High
Low
'
Union Oil Co of California—
(1253)
EXCHANGE
ENDED MARCH
Range Since January 1I
Shares
High
4
•
CURB
FOR WEEK
CHRONICLE
for Week
Range
Sale Price
FINANCIAL
Sales
Week's
Friday
1
STOCKS—
New York Curb Exchange
&
1960
1947, coupon
>
,...
.—:
Service. Elec■ & Gas C0-750-year 6%' debs__
1998
Queens Borough Gas & Electric-$V 5'/2s. scries A
<_>•:
1952
;
;
"<
■
"
•>
•
.
".,
..415.....
.
Public
3974.
->.3974
10
...
3974
26
-
s
—
;■
—
1
-
5
15374 15374
j-j
AL-Q
14874
ibi%
10474
$103
155
^
104
*
•
.
Jr. i
.
.....
♦
Safe Harbor Water Power Corp 3s_1981
M-N
San Joaquin Lt & Pow.6s
Scullin Steel inc mtge 3s
,
M-S
$99%
•
100%
101
113
—
114
*
:
Valspar
S4
*
Corp
__1
common
convertible
574
"preferred—
Vanadium-Alloys Steel Co
L
^
5%
-
—5
64
5%
68
-
57'a
200
::
•
20
- -
Feb
.
Mar
64
6%~Jari
!
x70
*
Jan
1952
—.1951
B_,
A-O
$110 ,.114 /
/
■
■
'
101
1
10274 10274
,
10274
''
•
33%
v
-
33 74
3374
'
3334 Mar
50
California Edison
-Southern
33% Mar
1965
M-S
1973.
1973
3s
.J-j:
10474 10574
10474
.
10374
105%
105%
106
103%
27
v
106%
'
Venezuelan
•Venezuela
Petroleum-
—
1
'
.-4%
4%
'•4 Va
2,200
Feb
53A
Jan
Jan
374s
/
3
,
series
A
;
"
Syndicate «nc___•
Vogt Manuafcturing
-
20C
-
2
-
--
;r2%-
%
900
*
-
Feb-
-27b
11 %
Feb
•Southern
Jan
1274
"
i.0
1st & ref M 3s ser. B_
California Gas
1st mtge 3s
Waco
Aircraft
;
Co
_•
$2 cum preferred—
Waltham Watch Co
111
*
l
*
Aircraft
$6
com
1
Woodall
(P
American
6 ro
Feb
4%' Jan
lVa
Jan
1%
Jan
6%
Jan
7%
Jan
A
Jan
11572
Feb
140
Feb
150
Jan
1 1947 coupon.-—1953
United Electric Co of N J 4s_^
1949
United Electric
-
i
V
18
Hydro-Electric Co—
.
674's with Aug 1 1940 coupon. .1953
.
141;
-
70
!
26
Feb
33
175
31
Mar
36
Jan
A 7s
with Dec
20 %
20 >,i
175
20'/r Mar
21
Jan
A 7s
ex
150
14'/b
Feb
2'A
231/4
14'/,
14% Xl5
>
'
.
.
Feb
2%
1774
300
17'.2 Mar
18 Va
8 Va
8 %
300
OVe Mar
1%
_9'/2
50
A 5s
Jan
Dec
..
.
5s
1
15
15«
24 %
24'.2
•
50
97
«
9%
113 8
1970
_1953
8
2030
£5.%s
6%
1960
J-D
1959
F-A
Jan
West Penn Traction 5s
Jan
Western
Jan
15%
Feb
97-8
Jan
107b
10',2 Mar
2
3,300
!il
of
or
Sale Price
;
'
•
i;,
•
f debentures
s
Jan
8
2fe Jan
n
Bonds
Friday's
Bid & Asked
'
L010
!
-
No.
High
106 3
4
:
•
Last
Sale Price
Period
Bank (Col)—
—April 1946
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Agricultural
1948
J-J
'
101 % £
107
32
96%
102
17
10074
102
106
10674
108'A
108%
106%
165
$162
5
Danish
109
2
.
3s
(Bait)
11874
119
1
10074
102
10174
ALima
5
89%
9274
93
M-S
M-S
106:%
106
106%
6
105
10474
103% 104%
16
103
104%
10674;
106% 107
34
106
107
356*
87
91
1981
City)
N J
91
92'A
96-74
AMedellin
Mortgage
•;
A-O
M-N
J-J
_
104% 104%
3
104%
101% 10172
5
99%
102
$101
__
A-O
9974
31
11174 11174
—
M-N
4s ser B
Eastern Gas & Fuel 3%s
1965
J-J
1956
M-S
Lt & RR 5s
59 74
May
2
•
102 74
11174
Grand Trunk Western Ry 4s
1850
Green Mountain Power 374s______1963
99
$117
740
$15
14
(issue of Oct
1927)—
Peru
J-D
—
M-N
—
A-O
—
J-J
,
1
7
--
--
■
44
101
5s___.1972
2008
7104
J-D
59%
112%
ARussian
6374
42 74
100%
11774
36
—
59 3 4
7 '
3
105
52%
60
—
March
16
March
17
March
18
__
__
__
.
+3i°,a
131
39
_
24/a
37/8
29
38
—
_
>
—
—
--
--
43
—
42/4
42 A
__
--
—
—
65
1
t>l/4
08
33
—
Zb ,2
oL
,_
J-J
17
17
17'A
73
28
28
2
2 74
28^
2,4
5
9
24/2
1919
J-D
M-S
J-J
2'A
13
'
par value,
2
—
.
15/a
24V
z
17/4
2q
29
2%
ABonds
Deferred delivery
(not included in
a
being traded flat.
in receivership.
,
deposit; "cons,'^ con®,ol^f.teJ;,'c^ni*^
"n-v," non-voting stock;
vtc, voting trust certificates,
issued; "w w," with warrants; "x w," without warrants.
above—"cod," certificates of
101%
102%
tive; "conv," convertible; "M." mortgage;
102'/4
10374
"w i,"
when
<
Averages
Exchange
as
compiled by Dow, Jones & Co.
20
-Bonds10
10
10
First
Second
Indus¬
Grade
Grade
■
15
Total
10
Total
Rail¬
Util¬
roads
ities
176.96
15
7
15
1997
trials
14
674
13,4
o
2012
Indus¬
March
70
8
2(4
daily closing averages of representative stocks and bonds
30
March
3
v
71
1921
Abbreviations used
/■■
12
75
72
(Plan A)
to
Government
-Stocks-
March
3 8 74
7074
674s
stamped
reduced
—
the New York Stock
Date-
37 74
transaction (not included in year's r^"se). <3Ex-interest,
e Odd-lot
transaction
year's range),
f Ex-distribution.
^ Ex-stock diy. h Exprincipal,
nUnder-the-rule transaction (not included in yea:
Jrfivfrfpnri
(not included in year's range),
x Ex-dividend,
y Ex-rights
z Ex-liquidating divid nd.
tFriday's bid and asked pricesj no sales being transacted during current we k.
°No
48 74
97%
116
33
Below are the
on
30
--
'
„
(ser A B C D E)
Rio de Janeiro
Stock and Bond
listed
7
14
—
J-J
274s
to
(Republic of)—
Is to 274s
10674
—
10174 10174
__
7
14
142
142
+27
h5
—
^Reported
M-S
58
70
_
--
-
38 74
75
72
—
stamped (Plan A)
Interest reduced
10174
137%
170 74
—
J-D
J-D
Mortgage Bank of Chile 6s
105
M-N
1947
1947
1931
stamped
A7s
A
•
1
__
5
42 74
98 74
.
—
1953
.Finland Residential Mtge Bank—
5s stamped
1961
go
42%
__
Ercole Marelli Elec Mfg Co—
'.,0 AflVis with Nov 1 1940 coupon__1953
1947 coupon
7s
High
.
'
nn
A574s
1993
1993
72
J-J
M-S
2008
2 74s
Bank of Bogota—
May 1927)
Interest
1954
F-A
—
'
106 74 10674
100%
Low
No.
High
...
(issue of
Parana
■
_
-
1951
reduced to
A7s
Division—
mtge 4s ser A
A6%s ex Nov 1
13
—
Gen mtge 4 72s
Delaware-Lack & Western RR—
of
89%
J-D
1962
2%s conv debs
(Bait
91
95
__
M-N
6V4s
stamped (Plan A)
Mortgage Bank of Denmark
1969
1976
1st ref 2%s series R
Gas
94%
Jan. 1
Sold
:£62
J-D
1952
stamped_1958y
(Peru)
City
Interest
106%
A-O
94%
Range Since
Bonds
Bid & Asked
__
1953
5s
100%
—
3s ser P
2%s ser Q
Week's Rang*
or Friday's
^
Danzig Port & Waterways—
A External 6 74s stamped
1958
m'gje
108
1087 a
Loan—
160 Va
1966
J-J
A 1st
86
10774
162
1955
Municipal
574s
16074
1954
Jan
Lt & Pwr
Cons
External
24
'.
.
101% 10174
.
91%
M-S
Elmira Water
82%
1
__
A-O
J-J
7s
A 20-year 7s__'_
Maranhao
1969
1st
i
Mortgage
A20-£ear
External
redeemed)
Lackawanna
82 %
107% 107 3 4
$109
1187« 11874
Friday
High
10574
J10874 110
Q-F
1977
Consolidated
--
r
100% 10074
"
Interest
BONDS
Jan. 1
Low
10
10074 102
106%
J-D
5s
Gas El
38
—
--
,
Range Since
Sold
101% 102
J-D
1998
1970
redeemed)
ref mtge
287 a
.■
Foreign Governments & Municipalities
Canada—
6s
Debenture' 5s
1st
40
Feb
106% 106 74*
m-N
1960
1st ref mtge
■■
Low
*
Last
J-J
Debenture
Consol
-
Newspaper Union—
6s conv
Jan
Jan
~7u
10074
Jan
14
7 Va
l
10074
Mar
Jn
500
J-J
1955
Debenture 5s
.
40.
■30
--
Jan
29
103'%
Jan
8
J-D
2%s
(20(0
4
$10074 10074
82 %
107:%
A-O
5
7%
~V/B
1964
C
Cities Service
2474
'
$15
--
J-D
5s
10
Jan
■'•
M-S
Washington Water Power 3V4s,—1964
Feb
15
600
Period
Exchange
deb 5'.2s A
Steel
(20(0
40
24%
18
26
.......
West Penn Electric
§ Central States Electric Corp—
A5s
20
$39
1954
debs
income
.;
.
—
Jan
Feb
.23 Va
200
10',2
11%
Interest
City Electric 3'/4s
Edison
18
£1
Appalachian Elec Power 3%s
Associated Electric 4%s
Boston
,67/:
"
Jan
Jan
100
.
series
•
18 74
3
1 8%
%
.
coupon^—1956
9
9 Va
200
Co—
1940
4',2
:
Telephone
127
63
'
j-iy
1
5'/4
2
BONDS
5s
-95%
123
—
$15.
1947 coupon—-1956
Waldorf-Astoria
Hotel.—
15% Mar
.
17'2
8
Service
Feb
31
31
*
common
New York Curb
Bell
;.
.,
Friday
Bethlehem
100%
105 %
86
•'
,
Terni
New York Curb Exchange
Tel & Tel
9974
104'/a
'■
3
74
18 74
1874
A 674s- ex Aug
140
25
preference
Atlantic
—
-.124
$66
—
40
274
pfd—100
Wright Hargreaves Ltd
Assoc
89
123
t.
.
4-0
1946
100
1
deposit receipts
■
v
123
A-O
r.j-j
1946
__,
Ltd—
W)
,v".
•"
"2
-
.
3rd
112
1
:
Inc
Petroleum
2%, Jan
Corp—
stamped
:Stinnes (Hugo) Industries—;
f
A7-4s 2nd stamped
(Hugo)
A7-4s
$877b
i...
A-O
/
,
700
500
Mi
__•
Inc
common
Industries
Woolworth
10% "Jan
5
5 ('o
preferred w w
Winnipeg Elec common
Wisconsin Pwr & Lt 4%%
Woodley
-
trust
•"••.:
10574 10574
_
>
— _
__
$9934 102
_
M-N
1%
3
-
1
Corp
Corp
Products
Jan
10
Oil
Brothers
.2 Va
734 Mar.,.
74 Feb
50
3,700
Stinries
Mar
111
Va Mar
Corp inc 5s
collateral
5s
;■
...
,—1989
—-—1950
—,_1966
.
-
.
$10514 106
F-A
7
3/4
10
Williams (R C) & Co
Willson
-vr
*
20
_
Weyenberg Shoe Mfg..
Whitman (ffm) & Co
Wilson
?-•-
1 Va
Jan
Mar
-
AStarrett
Jart
9%
105
j-j
l3a
preferred
*
1st pfd__100
Westmoreland Coal
(The)
109
1%
Jan
105%..-
$104
O
;
1970
7
_1.25
Westmoreland Inc
Wickes
8
»
1
l
„
Western Maryland Ry
Western Tablet & Stationery
Wichita. River
30
•
-
—
Jan
•
$104
'
Y
'
Utilities
Texas
111
8
1
3%
Corp,
Wentworth Manufacturing
West
1%
9
1
30
___
Baking Co warrants
Warner
-
1
;
Ward
9%-
-
*
Waitt & Bond Inc
100
300
1%
9%r
.
A-O
—1971
374s
Elec
&
Spalding (AG), 5s
1%
-Wagner:Baking voting trust- ctfs ext^»
i
7(» preferred—,
100-
1'
Southwestern Gas
>
F-A.
374s_4--^1970
Counties Gas (Calif).—;/
Southern
W
.__
49.28
35.19
176.98
48.90
35.31
176.02
48.46
35.05
175.53
48.17
35.04
176*33
48.31
35.02
63.40
101.76
102.24
86.64
103.84
98.62
176.29
48.04
35(01
63.31
101.79
102.11
86.44
103.79
98.53
65
Btocks
''63.88
trials
Rails
Rails
87.58
Util¬
'
40
ities
Bonds
103.80
98.96
101.73
102.71
(63.81
1
101.77
102.66
87.27
103.76
98.87
63.39
101.79
102.53
87.03
103.89
98.82
63.19
101.74
102.26
86.66
103.91
98.64
38
(1254)
THE
COMMERCIAL
&
FINANCIAL
OTHER STOCK
RANGE
Boston Slock
Week'*
Lui
Par
Sugar? Refining—
Low
American
Tel
American
Woolen
Anaconda
Tel
Copper
&
60
—
34%
165
-
34%
Kellogg
High
Jan
•
Leath
32% Mar
36%
2,553
143V+ Jan
150%
38%
Feb
35: \
Jan
31%
■;y 274'
32' :
Jan
v.
33% Mar31% Mar '
■
Switchboard?
.
At
Co
"v
■
V
.'
•
'
•
Marshall
;,:
12%
Albany RR
Boston-Edison
100/
Field/.'Co
'V '0:,
,
prior
5%
Clf A
8Vo
class B
..a-
Cities
pfd
1st
stamped
pfd
16%
Prop
40
__
16%
2,274'
120
Jan
Jan
Miller & Hart 'Inc. common
'
43 % Mar
16% Mfrr
Trust
*
14%
Minneapolis Brewing Co
Modine Mfg common—
Jan
19%
22%
Monroe Chemical
4% Feb
6>
180'
5Vb
100
Inc
70
44%
171
Northwest
Jan
Nunn Bush Shoe
5%
—*
33%
210'
29
22%
955
19%
Jan
33%
Feb
35%
35%
58%
597/e
10'
315
Mar
Central
RR
5c!c
pfd
Corp
Linotype
St
Narragansett
Racing
Assn
New
New England
N
Tel & Tel
Y, New Haven &
Northern
RR
Hartford
Pennsylvania RR
40 Vo
Jan
Jan
Signode Steel Strap
56%
41
Jan
41
50
40
Feb
Sinclair Oil
GO.
10
58
37%
25
37% Mar
41%
Feb
50%
25
48%
50%
18c
8%
Feb
62
Feb
8% ,Jan
15%
13c
Jan
25c
Jan
4,860
83
7%
8%
550
Jan
100
105% Mar
15%
15%
550
'5%
6%
526
1%
90
15%
9%
1
2.50
5
5
45
4%
15
15
400
14%
Mar
Jah
17%
Feb
"
Jan
Co
Jan
108
Feb
25
Jan
87%
7% Mar
8
Feb
9%
80% Mar
7%
10
Rexall Drug
&
Association
Webster
Suburban
Elec
Inc
*
Securities
United
14%
12
*
x32
Co___—
5% Mar
7
Feb
1
1%
Jan
Mar
7;
5%
Jan
15%
70
Jan
12
12%
11%
170
Jan
12%
Container
Sunbeam
United Shoe Machinery
S Rubber Co.,
34%
52%
51%
53 %
3,194
49%
Feb
48%
48
48%
450
47%
Jan
38%
39%
385
38 % Mar WV
10.
Vermont & Mass Ry Co
__
100
System Inc
122
*
Westinghouse Electric
Corp
122
20 v
121 %
54% Mar
*
52%
Feb
Jan
42 %
Jan
120
Jan
12%
12%
12%
30
12%
Feb
13%
Jan
23%
23"%
Texas Co
Thor
capital
Corp
Trane
24%
295
22%
Feb
26%
Jan
Week's
&
Range
Adams
Co
Mfg
Admiral
Co(JD)
common—
Corp common—
Advanced Alum
Castings
•*.!*
-V
American Tel
&
Armour
'%'■■■%' •••%*?':
common—
&
Asbestos
Co
Tel
Mfg Co
Co
capital
100
1
146
Athey Products Corp capital—
5
5%
91/2
100
V*}/'
146
7%
Avco
common
Mfg Corp_,_—
—3
Bastian-Blessing Co common
Belden Mfg Co common
10
Bendix
_5
Aviation
Berghoff
Brewing Corp
Borg-Warner
Brach
&
Corp
Sons
Butler Bros
(E J)
111
St
Convertible
S
U
Steel
S
Util
Convertible
Chrysler
Cities
preferred
Wisconsin
Yates-American
Corp
Service
Coleman
(new)—.
Co
(The)
Co
Inc_—
5
Commonwealth Edison common
25
Consumers Co cumul pfd (new)
Credit
Corp class A—
Four-Wheel
Drive
Fox
Brewing
(Peter)
General
Auto
33
6%
Candy class A
Corp common
5
1
10
common
Gibson Refrigerator Co common——1
Gillette Safety Razor common
*
Goldblatt
Bros
*
common
*
Great
•
Lakes
Hammond
Dr
&
Dk
*
common
Instrument Co
common
Heilman (G) Brew Co new cap
Hein Werner Corp
Hibb Spencer Bartlett common
Illinois Brick
Co
1
25
capital
10
Illinois Central RR common
Independent Pneumatic Tool
Indiana
Steel
Products
100
common-*
International
For
1
common
Warrants
;
Harvester
footnotes
see
(new)
__
12
__
__
70
__
page
46.
13
Jan
Jan
5%
Jan
.26%
Jan
Jan
33
Mar
29%
Jan
Feb
393/4
Jan
Mar
22%
11
13%
Jan
1,150
24%
Feb
200
12%
Jan
700
19%
5%
750
16%
300
7%
•2%
8%
500
9
50
413/4
6%
38%
6%
Jan
21%
Jan
500
400
6
•
■
30-
400
29
52%
300
49%
12
250
11
2334
24
250
11%
11%
lOtl
44%
10
39%
-
Feb
41%
Mar
634
Feb
Jan
11%
:
Mar
41
Feb
Feb
9
29%
i
~
4
10
Feb
33%
Jan
8%
>
Feb
52%
30
Feb.
Jan
Mar
36%
100
10%
Jan
24
Mar
9
500
6VB
Jan
"Jan
13
5% Mar
300
4
-
-28%
Feb
16
38'4
!
11%
Jan
Jan
32 %
Feb-
22
Jan
59%
Jan
25
Feb
Jan
13%
:
Mar
Jan
11% Mar
11% Mai-
43
Feb
44 % Mar
37%
Feb
4134
39%.
600 '
12%
12%
200
11%. Feb
13 Vb
Feb
73%
73 Vs
100
69
Jan
78 %
Jan
10%
10%
200
10%
Feb
10%
Jan
12
__
*
capital.
-
-5
Anaconda
Armco
—
12-
200
13
Jan
*
12
Mar
Copper
Steel
San
Mining
9%
100
Jan.
50
Ry
31%
31%
300
31%
—_-l:
32
1,400
■
Jan
267'8
Jam
103%
Jan
Feb
30%
35
Jkn
33 %
Jan
14%
Jan
,13%
Jan
12%
12%
12
1
(The)—,i"
Motors
Jan
Feb
24%
25
1
Feb
2%
9% Mar
14%
-31% Mar
102
*
Co
System Inc
Jan
12% Mar
'
100
new
Feb
7%
300;
13%
13%
1.0
common
Pacific
Gas
9 "
com—•
Corp
Steel
2%
1
St
Atchison Topeka & Santa Fe
'
Farnsworth
12%
400'
10%
Feb
11%
300-
10%
Feb
%
Feb
*
11%
7
'
*
Electric
General
Public
Graham-Paige
14% Mar
Laclede
19%
7
',
100
7%
'
3)
11% Mar
400
6
-
11% Mar,
8% Jan"
Jan
Gas
144
5% Mar
Jan
New
19
Jan
Packard
-.<?;.•••-••••,,V;;
Jan*
1%
York
Pan
150%
Jan
1%
Jan
*
5
Corp
Jan
Central
Motor
American
Airways
Paramount Pictures Inc
Jan
Radio
Jan
33%
300
36%
Jan
13%
400
13% Mar
15%
Feb
34%
34%
200-
32
34% Mar
6%
48%
44
600
100
50
44
Pepsi-Cola
Pure
Oil
Co
Co
new
%
1
Corp
of
13%
13%
11%
12
10%
10%
64%
100
70%
300
70
112
112
1%
Jan
United
Feb
Wilson
-
66%
111
12
11 %
65%
75
Standard
Steel
400
51V®
Jan
57%
39%
Feb
46%
100
20% Mar
28%
2%
—
7'A
__
__
59%"
2%
5%
3%
5%
2,400
25
Jan
20
31
Mar
500
450
2%
13%
Jan
Feb
%
Jan
8%
Feb
4
21%
300
Mar
9
9%
200
8%
500
25 %
19% Mar
24%
Feb
Jan
10
Jan
Feb
3134
Jan
14%
Jan
12%
12 V4
1,600
11%
Feb
8%
8%
100
7%
Jan
23%
Jan
9
300
4%
400
43/4
Feb
100
25%
Feb
30
Jan
16%
16
16%
2,000
15
Feb
17%
Jan
—
68%
69%
200
65%
Feb
73%
Jan
—
Feb
27%
5%
15%
100
14%
Feb
16%
18%
19%
700
16%
Feb
2IV2
Jan
10%
100
9% Mar
11%
Jan
27/a
3'/b
1,300
a
--
27%
5% Mar
Jan
Jan
Par
3% Mar
Jan
American ^Laundry Mach——,—„—20
Beau Brummell
1
2 3/8
11
—
Jan
3% Mar
Jan
11%
30%
12
__
7% Mar
8%
Jan
40
12 % Mar
14%
Jan
Cincinnati
6% Mar
•Cincinnati
30%
9%
30%
400
Feb
56%
Feb
62%
7%.Mar
29%
15
14%
Feb
Feb
9%
32%
'
Jan
Sales
Range
for Week
of Prices
High
23%
5
Shares
-
r
23%
5 %
204
-
Range Since Jan. 1
/' ://'
600
Low
22%
5
Higfi
25%
Jan..
500
8%
Jan
12
42%
100
41%
Feb
42% Mar
15
15
100
15
8%
8%
14%
9
16%y 16%
„
8%
„
49%
49%
8%
51
400
400
500
14%
Mar
Champion Paper & Fibre
Cine
&
Gas
&
Elec
*
,r
common
Street
Sub
Bell
21%
Tel
50
10
28 V2
28%
110
273/a
Jan
6
25
21%
28%
8.50
6
6%
353
53/4
68
70%
302
23%
69%
*
-
Jan
29%
Jan
21%. Feb
Jah
7V2
76%
Jan
Jan
11%
11%
50
11%
Feb
12 V2
Cohen
*
16
16
10
15%
Feb
16
(Dan)
Co—
Mar
Drug
8% Mar
15%
Feb
150
7
Feb
299
48
v
Feb
common
*
10
Jan
15 %
Jan
Gibson
Art
Mfg Co
Jan
17%
Jan
Kroger
Jan
Little
17
-
-
53
Jan
Co
Miami
9%
16%
—
24%
9%
9%
250
25%
25%
400
16%
3%
17
3%
11
24%
25
9% Mar
24
11%
Jan
Randall
class
900
16% Mar
18%
Jan
3% Mar
4%
Jan
LF
1
Mar
1%
Feb
U
23V? Feb
27%
Jan
600
Feb
S
S
gtd_,
19
.
Jan
Jan
155
23
Jan
r 26%
Jan
48
50
431
44
Jan
50
Mar
20
20
380
193/4
Jan
21%
Jan
47%
50
48
135
43%
Jan
48%
Jan
95%
95 V2
1
13%
12
15%
99
•
-
Gamble
B
Electrotype
Playing Card
Printing common.,
Preferred
0
26
V
Rapid
100
160
^
3/4
63%
61%
63%
610
573/B
Feb
8%
8%
8%
40
7%
Jan
10
95
Jan
)2
Mar
Jan
30%
Feb
V 8Vb
Feb
6
16
25%
10
common
Co
&
20
50
*
common
Magnavox
6% '••■6V2
173/4
17%
*
—
Procter
__
Mar
0
Dow
Eagle-Picher
Formica Insulation
9%
Feb
'
Jan
Mar
68
*
10
-•/
Feb
5VB Mai-
Feb
Jan
12
42%
14%
Jan
Jan
6
150
550
Jan
Exchange
Week's
Low
—
650
5%
Sale Price
38
7%
8%
Jon
10%
18%
,
Last
6%
7%
Jan
15%
1
1
Cincinnati Union Stock Yard
7%
Jan
24%
STOCKS—
12 %
1,000
15%
Feb
3%
26%
Friday
12%
59%. 60
200
Feb
10%
30
Cincinnati Stock
7%
6
12%
~
2,000
4%
*
Jan
31
6 Va Mar
241%
Jan
31
400
300
4
9
9
Jan
3%
26%
Jan
100
20%
Jan
24 %
—1
Spring
Corp common
Mar
55
26%
Feb''
4%
"
r
Mar
115
43%
20%
Jau
12% Mar
Jan
Jan
Jan
53%
26%
*
Jan
43%
20%
Jah
39%
"
Mar
—
—
Jan
26 %
—25
& Co common
14%
Jan
Feb
64% Mar
"
7%
Feb
11%
15
—
Corp
Jan
35%
l3/4
--2%
....
Sunray Oil Corp
9
100
,9%. Feb
*
Feb
Jan
Jan
10%
—
*
Standard Oil of N J
Feb
11%
13%
v
29
.
12%
1
Jan
3
200
20.
*
common.
Jan
9%
1,800
7% ^Jan-i.
200
11%
9%
.
Republic Steel Corp common
Rexall.Drug Inc
Schenley Distillers Corp
Socony Vacuum Oil Co Inc
49%
% Mar
700
64%
America
Mar
1,650
900
13%
3%
21/;.
*
53%
Feb
700
->
2%
10%
-33%
common
2
1,500
1,700
—
1
com.
—
_
(The)
8% Mar
500
6%
6%";
4
-2%
Corp..
7%
6% Mar
46% Feb
1034
*
Radio-Keith-Orpheum
6%
12%
13 Va
m
capital*
2%
Feb
37%
12%
6%
__
RR
Car
7%
5% Jan
Mar
1%
•
4
Mar
33
12%
9%
1 38
,
1
Motors
Light
6% Mar
50
1%
9%
37%
1;
Co
Utility
700
33
\
Radio—
Jan
7%
Feb
&
Nash-Kelvinator Corp
10%
Feb
6%
9%
_
'
Jan
Feb
>•.£.;;4
_
Television
48% Mar
Feb
__
__
•
27
3434
100
9%
*
_..10
common—
&
6%
44
1
3
50
1,300
11.
6 %
(new)—'1'
_
Hobart
Goodyear Tire & Rubber Co—
Gpssard Co (W H) common
27.%
37%
'
._1
Radiator
2
48%
„
1
10
General Finance
General Motors Corp
Jan
13%
„
__
1%
common
19%
Jan
40%
_2
American Air Lines Inc
American
6%
50
Domestic
Jan
1734
Feb
9%
.5
_
Alleghany Corp
4% Mar
3
10
Jan
•8
Feb
4%
25
44%
_
...
Machine
100
2%
2%
common
;v15% Mar
100
\
9%
Stocks—
650
3
*
400
9
40%
5
common
Bankshares
2
__
*
—
Jan
31
:
*
5
1
*
_
J4n
18
400
5%
•
1%
8%
50c
preferred
Towel Co common
Chicago
9
800
8%
—1
Convertible
4%
17%
1,300
8%
♦
common—
common
24%
18%
21%
*'
Corp.
common
Studebaker
preferred
W
Corp
:
7%
1
common
Feb
Feb
50
8:
„25
Union Carbide & Carb capital
United Air Line6 Inc
4%
„
*
common
Corp
Jap
Jan:'
7% Map"
lp%
.3%
—
Inc
2
_10
Biscuit
Secur
&
capital-
common
Central
Chicago
5
22%
J'17
600
25%
4
—:
1
com
common-
Air,
1%
5
1
common
Carr-Consol
Cent
«
—
'
147%
7' "
3
Washer
15%
250
18%
High
xl3% Mar
800
9%
18%
__
4
Automatic
46%
100
500
•'•*.
•
100
14%
9%
5
common
31%
7% Feb
18% Mar
25
*
new
Salle
La
General
Low
48
17%
5
»
*
__
"
'
14
16%
5
Aetna Ball Bearing common
Laboratories common
V'
Feb
Mar
31
Mar ''
•
20
■
5
Curtlss-Wright
Range Since Jan. 1
High
'
16%
__
1
Allied
48
__
*
Jan
26
25.
5%
25
(The)
Continental
Shares
Low
—10
4%
57
•
for Week
of Prices
Par
Steel
•;
,'5>
16
—25
_
..
_
West
South
208
Columbia
Sales
Last
Sale Price
_
Certain-teed Products
Chicago Slock Exchange
Acme
Jan
'"
Jan
30
*
120
7%
.
12%
21%
.
1
(The)
Co
Trans
25
—20
common
Mach Tool
Corp
Canadian
Friday
Feb**''
25
Feb
327/s
2
__
_
Swift & Co capital stock
Bethlehem
STOCKS—*
"
*
1
-
95 % Mar
17%
■>
Jan
66 VB
Jan
8% Mar
*
11%
11%
10
56%
56 %
110
56 V2 Mar
58
Feb
*
36%
36%
315
36
Feb
39
Jan
50
44%
44%
3
Jan
45
Mar
50
11%
•
40%
Feb
0
15 V8
Jan
Jan
14%
__25
common
4
52 y2
1,000
11
5
Corp common
Sundstrand
Jan
31 %• Feb
20
33%
Feb
*
U
' ;.v
■
300 "
7%
27'%
1:-
—
__
capital-
common
Standard Oil of Ihd
Unlisted
Fruit
Waldorf
14%
*
com
Torrington Co
23%
36%
37%
V
—
common
Works
_
Shawmut
Stone
100
'
Jail?1?'
'(.
Feb.
32%
•
Clothes
ft
Jah
ii
Feb'
-
25
•
Dredging common
Forgings common...
Standard
Jan
105% 105%
6
'
'
;
Feb
X23
17
5
■
•
common
Lathe
Inc
Standard
9% Mar
Feb
Bend
Spiegel
Jan
12%
2,200
8%
81%
15%
•:
.15%
1
..
Corp
Society. Brand
Jan
15c
-50
:
Feh^.
Jan
Quincy Mining Co
Machine
15
10
100
18%
15%
*
%
capital
33%
15c
__
'4% V
7^8
*
common—
Feb
Reece
Folding
Co-
Feb
347
100
Elec
Sears Roebuck & Co
Feb
Feb
380
100
(N Hi
Stockyds capital-
45%
9%
82
:.:•
150*
17
*
1
35%
13%
100
•
26
7%
50^
:
common
29%
9%
8%
9%
31"
5
630
12%
20
Jan
16.
.
-5
200
7%
25
505
1
System
Jan
:-.2%
:
2;600 f
.
57.'
23
17.
:l1
common
1,768
12%
Cos
Electric
■:
3m
30%
<
2'%
38%
5
Service
England
*■
Packing, common—_—i—-i——10.-.
Louis Nat
Stone
National
m
-l%v-Feh
200
:v■
56%
*
20
common—
31%
1
Nash-Kelvinator
21%. Feb : • '
9%-w Fett'." •
26
10
common,—1
common
(The)
Sangamo
35% Mar
61V2
-
60
—
Jan
15'%. Jan'/*;*
23%-:
4%
Bancorp* common,:;
Potter Co
Jan
37%
*
Feb
'•
Jan
22%
50
__
*
■■
15% *
:
23%
57
47%
41
_100
Chemical
Mergenthaler
15%
Co,
prior preferred—^—
Pennsylvania RR> capital
South
Mathieson
10% ,10%
.
30
50
7% Mar
Feb
39%- Feb
300.1
,-
-
X9%'. 10'i
^—_lr
common.
5%
Jan
39
53?b- Jan
15%
13?
:
50-
22%-,.
•
•7:2% y £2.
-t
Serrick Corp class B common
Shellmar Prod Corp common
36%
31
—
10%
■
vtc—.
45%
37%
•
1'
common
Manufacturing
Peabody Coal Co
Jan
46%
Ffeb
Oak
Jan
16
21%
Standard
Jan
7V2 Mar
4% Mar
39
Jan
war
common—L.
North American. Car
6%
-
14% Mar
31%
59%
—*
prior preferred
4%
42%
—
•
Copper
Lamson Corp (Del)—
420
33
*
Stores
General Electric
15
National
5%
Jan
7% Mar
22%
•
Kennecott
83'
Jan
43
Rath
Gillette Safety Razor Co
Maine
Co
Jan
2%
Ffeh
7%
14%
—
,22%
Jan
700
715 %
0
Jan
11%
-■
7%. Jan
■.
;
1%- Mar
38
300.
4%
1001
Steamship Lines
Employers Group Assoc
50
355
7%
-
5
Eastern
1%.
5;
5.%
100
15%
Middle West -Corp capital—:
120*
Jan
•40%' Jan
690
-
41
4%
5
:100
stamped
Hecla—:
National
43%
1%
100
Service
6%
16%
-100
Eastern.. Massachusetts Street Ry—
5%
pfd adjustment
First
liG%
107% Mar
15%
10•
50.
-
High
37
50!
'
8%
-
_
common*—.
Montgomery Ward &
stamped
1st
Personal
Calumet' &
42%
100
preferred
1st pfd
class D
io
95
•
8
•
114. "
RR—
stamped
7%
:
117
-
Railway-
Maine
Common
109
42%
100
Boston' &
Boston
109
25
Stamped
10%
117
100
—
Elevated
Boston
pfd
:
38%
—7
Range Since Jan. 1
67/a-.: Feb:
loo-
/ 1,450
12%
38
,-y
■
13% -14%
38.
-.>;y '•
Shares
Low
7%
13%
common,—
'
for Week
.■«
High
VU
Mickelberry's Food' 'Products,—
Bigtlow-Ban ford: Carpet 6%
Boston &
Low
common,-
Sale*
Range
of Prices
Par
■
.Libby . McNeilL & Libby; commonLincoln Printing. Co common
Jan
.*771'
&
Cumulative 'preferred'
,
40% .Jan
85
146% 147%
,
34%
,
Low:
37%
-33%:v;35%':-
145%
-*
yyy.'.y;
Week's
(
v ;r •:
Sale Price
Katz Drug Co common.
Range Since Jan. .1.
*
High
33%
—
100
;
Last
Shares
36%
—
100'.
Ffiday
0/;■ ':yy; STOCKS—
..
•
Agricultural Chemical--—*
American
Monday, March 21, 1949
EXCHANGES
for Week
of Prices
'-
ENDED* MARCH.' J8
Bale*
B(n|f
.
Sal© Price
American
WEEK
Exchange
Prliay
STOCKS—
FOR
CHRONICLE .V;
11%
Jan
If
"V
Volume
&
COMMERCIAL
THE
Number 4787
169
OTHER STOCK
Week's
-
Last
Low
Par
Unlisted
Tel
Chesapeake
&
100
Ohio
!
<fc
Columbia
31%
;
1
27 Va¬
.70
11%..
11V*
il7^
Electric
General
i—•
*
I
Pennsylvania RR
10
:
•
*
Radio
Corp
Standard
Brands
;
;
standard
Oil
(N
Standard
Oil
(Ohio)
Timken
Q
R
——'
J)
11% Mar
Jan
10%
7%
9%
Jan
General Finance
General
Motors
Jan
30•
Feb
25%
Feb
28 Va
Jan
38%
162
35%
Feb
39%
60
'
76
56%
Feb
62%
Feb
Hoover
28%
144
25%
Feb
31%
Jan
Hoskins
a
•
20
-
-
-
15%'
129
15%
Feb
17
Jan
30
8%
Feb
10
Jan
Hurd
12%
67
U %
Feb
14
38
16%
18%
-
15
17 Vs
Feb
Jan
100
69%
.
17%
Jan
21%
Jan
62
19 Va
68%
187/a
65%
Feb
74%
Kresge
Co
75
23 Va
Feb
26%
Jan
Masco
42 %
10
40%
Jan
42 %
Jan
McAleer
73%
107
69
Jan
78
Jan
24 Va
24 Va
12
23
Feb
26%
Jan
24%
'
Corp.. (Un)__
& Body
Low
American. Tel
Chesapeake
(Un)
—_
Ohio—*
Controller
Cliffs Iron
preferred
$4.50
Rights- w l
,
Cleveland:
Du
3V2
Jan
3% Feb
10
24/8
Feb
2%
Jan
50
14%
Feb
16 V.
Jan
150%
Jan
31 Va
Jan
34%
25
Jan
29 V2
15
Feb
17
Feb
16
1
73 Va
74
151/2.
73 V. Mar
76
37 Vs Mar
42 V2
2,171
jj Mar
1
85
(E
15
It
de
a44% a45'A
a48 Va a48%
20
al85
al85
Feb
25%
Products
Mfg
87
87
12 Va
•
Controller
Feb
46% Mar
46 Va
Feb
50 Va
Jaa
187%
Jan
179
Glidden Co
Goodrich
F)
201
UV4
Feb
14%
Jan
162
35 Vs
Feb
40
Jan
195
56%
Feb
62%
Feb
(Un.*
al8% al8%
25
18
Feb
21%
*
afi2% a63%
100
56
Feb
63% Mar
common
23
>
■
y
;
40 Va
Feb
45%
Jan
13%
Jan
14 »/2
Jan
25
Feb
100
26
26
10%
11 Va
26 ' -
Jan
405
14
14
14'
1,047
19
19
-
26
Mar
13
Jan
20
9% Mar
Jan
50
42
42
105
42
,
19
Feb
50
5
19
common
Preferred
.
a417/a a42 Vn
*
——*
Great Lakes Towing common.—
100
Greif Bros Cooperage class A
—*
com
—
Bros
Feb
12 V2
Goodyear Tire & Rubber
Gray Drug Stores—
Halle
94
Feb
a36s/8 a38%
commcn
common
(B
85
a59 Va a597/s
(Un)
Motors
40
*
(Un)—.
General
A)
(M
Industrial
Int.erlake
41
Jan
46
a35%
1
104% a 104 %
3
287
tf
a
$
*
Laughlin Steel (Un)_
Sessions
Lamson
&
McKay
Metropolitan
National
N
class
Central
Y
Ohio
Oil
—
-
-
-
_
_
Radio Corp
13
lors.
22 Va
22 Va
100
22'A Mai-
Bros
Oil
U
..
4%
50
100
4%-;
28
4%
Van
Dorn
Iron
~
_
13%
Jan
29
25%
a
22 Va
28%
23
150
r
15% al5%
20
_
_
U
S
class
Feb
class
Aircraft
Warner
Power &
Radiator
American
Woolen
American
Chrysler
Davidson
Bros
&
Detroit
Edison
7% Mar
Jan
9
13%
Jan
16'A
63%
Feb
74
Jan
Avco
Gray
i
Iron—
RR Co
& Ohio
(Un)
_
Corp
Bros
Barker
Federal Mogul
For
footnotes
_
__
page
46.
_
see
10%
Jan
12 Va
Jan
11
11%
1,172
2%
700
2% Feb
2% Mar
2% Mar
2%
2%
2%
17 Va
17'A
400
9%
10%
620
4%
4%
400
2%
7%
Barnhart-Morrow Consol
Oil
Basin
.54%
i
19
.
•
y
6
Aviation
Bcndix
1
1
X.-.-
..
y
Mar
37
Mar
40
2Q0
40
Mar
40
Mar
240
1
Feb
1%
<y.. ::y
Chica
Bolsa
Isnn '
of Prices
a27% a27%
9%
9'/a
9Va
9%
13% 13%
a48Vs a48Vs
146% 146%
—
2%
6
Jan
200
5%
Feb
8%
Feb
10%
7«/a Mar
8V4
115
14 Va
Feb
Jan
1,250
358
1
High
2 V*
54%
19
6-
Feb
227
....
53%
16
Feb
200
19
Feb i
325
5%
5
•
400
4%
16%
27%
135
28%
Jan
Jan
225
7
Jan
9% Mar
150
8V»
Jan
9 Va Mar
13
365
14%
Mar
145%
Jan
54
Feb
150
Jan
49% Mar
60
1,415
Jan
37%
Jan
199
34% Mar
565
31% Mar
35 Va
Jan
207
24%
Feb
27Ya
Jan
1,000
6%
Feb
•
33%
40
95 V2 Mar
Mar
90
230
7% Jan
iJan
39
Feb
293
6%. Feb
7%
Jan
100
1(1% Feb
11%
Jan
9'/2
3.00
19
Feb
10%
1,200
2.55 Mar
4Va
984
I8V2 Mar
9%
—
2.85
18%
2.85
18%
9
370
40c
45c
16%
a34Vs a34%
a7% a7%
a7%
1,805
32
6
8%
2,770
31%
5%
8 V.
a39%
a39% a40Va
a48%
9 V8
a8%
a48% a50%
9
9 Va
aBV2 a8%
a24% a247/8
:
6
8V»
(Un)
*
*
Jackson
Byron
II
(J
*
Co
-—
25
*
1
a56%
2.50
(Uni
Co
12'A I2V4
a32% a32%
a56Va a57l/a
12 Va 12 V2
25
(Un)
Pacific Ry Co
Canadian
Jan
Jan
Jan
75c
Jan
15
Feb
18%
Jan
32%
Jan
32%
Jan
70
8%
Feb
8'A
Feb
1,212
30%
Feb
33%
Jan
6%
Jan
100
5%
655
Feb
10
7V2 Mar
94
85
•
Jan
Feb
38%
46%
40% ,fFeb
2%
600
2%
F.ebi
7%
23
23
100
23
16%
16%
425
16%
Feb
53%
Jan
2,040
8%
Feb
10
Jan
191
8%
Feb
9% Jan
a—
10
—
„
__
Service
&
Fuel
Iron
Sav
Liquidating
Publishing
Co
Industries
Products
Power
Oil
Jan
Jan
Jan
Farmers
Farnsworth
Garrett
Ltd
7%
7%
17 V2
7V2
17 V2
1,368
6%
Jan
400
17'/a
Jan
17%
10
10
215
9%
Jan
10%
Jan
7
7Vs
—a54% a54%
9V2
9V2
a24V2
a24% a24%
650
6'A
Feb
8%
Jan
55%
Jan
*
1
1
Tele
5
—
—
__
3%
—
—
Electric
Foods
General
General
Motors
Bk
Corp
100
1
2
*
(Un)
;•
common
Corp
—
10
5
(Un)
Jan
Goodyear Tire & Rubber Co common—*
20%
Jan
Great
Feb
5'/a
u.
Jan
Jan
310
17% Mar
18%
263
10%
Feb
11% Mar
358
25%
Jan
26%
Jan
3% Mar
3
Jan
1.20
Feb
1.50
21% Mar
600
22%
Jan
Jan
7% Jan
Jan
55
50
8%
250
Jan
9% Jan
Jan
Feb
—
l'A
al2
36% 37%
42Vs 42 Va59 V2
60
a 12% al2%
all%
__
36%
42Va *
59%
,
—
27
Jan
7
Jan
5
Feb
256
7'A
Jan
100
50%
Feb
56%
Feb
20
Feb
21%
Jan
12% Mar
13%
Jan
108
35
754
120
11
21%
Feb
12% Mar
Feb
110
9% Feb
49c
260
53
..
302
Mar
Mar
y
22% Mar
65c
310
7%
l'A Mar
2,606
Jan
Jan
Jan
10
Feb
11% Mar
720
35'A
Feb
39%
Jan
235
41% Mar
42%
Jan
57
Feb
62'A
Feb
11%
Jan
12% Mar
65
.
a42 a42'A
a39% a397/a
a42
a39%
25
145
1,966
225
Jan
Feb
45
100
36%
Feb
39%
Feb
145
10%
Feb
11
Jan
118
Jan
42%
12(1
Jan
22
;'
12 V2
12%
12%
22% 22%
50c52%c
305
305
IV4
1%
12 V2
I
A
:
Corp
Public Util
__
—
(Un)—*
(Un)
Co
6%
6%
a9 a9%
a57% a58%
a20% a20%
a20%.
5
(Un
Feb
Mar
~
a9Va
4
Radio
Corp
1
4
525
.
"
_50o
Corporation1
General
7
•
Corp
&
5
1
Natl
Jan
1
...
class
Jan
255
Inc
Merchants
General
Northern Ry
Greyhound Corp
2%
Feb
Jan
Oil Co
preferred
(Un)
9 Va
Jan
Hudson
24%
Jan
Hunt
17
Feb
Hupp
Motor Car
Foods
J
Inc.
Corporation
•
—3
•
5
Holly Development Co
Feb
(Un)
class A common
Hilton Hotels Corp
Mar
Feb
Co
&
56%
45%
Feb
Jan
22
(Un)—
Co.
38%
—
13 Va
22
(Un)
Light Corp
&t
51%
127
a~
—
Corp
(Un)
Inc
861
a
■
—
Feb
(Un)_*
Company
Aircraft
-
9,112
—
—
25
(Un)
(Del)
'
11%
26%
3%
1.45
»
Mng
Aircraft
Zellerbach Corp
—
a—
26V2
3%
1.45
1
20
(Un)—•
1
Corp
&
.a
—
pfd
(Un)
Corp
Sou
&
Gould
Chollar
10
123
970
—
Jan
54%.
42%
4
17%
UV2
10
(Un)
Company
14'A
12'A Mar
150
54'/8
42%
4
17%
11V2
Corp
Chrysler
5%
Jan
500
21
Mar
40c
2,000
16
—
16 Vs
5
:
(Un)
6%
Jan
20 Vb
7%
High
Low
al0% all'/a
__
__
57
■
Jan
4,932
5
Range Since Jan. 1
Shares
a35
a34%
__
for Week
High
*
2
1
(Un)
Corp„
Oil
Borden Company
Exeter
300
y
1% Mar
Sales
WMk's
•
5
Inc—
Blue Diamond Corp
Electric
Range Since Jan.
21%
7%
.
Jan
37
15
Steel Corp
Bethlehem
Electric Bond & Share
.
2%
21%
6'A
Feb
32
Low
33 Va
Corp
Home Appliances,
Electrical
21%
4%
5
5
10% Mar
Feb
4%
37
1%
1%
1
Creameries of America Inc
.
"
8%
Jan
18%; Jan
Feb
40
—20c
Co
Consolidated Vultee
Low
15
15
19
16%
37.
37
1
10
common
Continental Oil Co
Shares
9%
1
common
Feb
—
100
Company.——:
Petroleum
Bandinl
Crown
5%
'
Detroit Steel Corp
Feb
20'A
.
100
(Un)—13
Works
Locomotive
Baltimore
Cons
Exchange
High
9%
-20
Detroit-Michigan Stove common
27
Jan
100
a35%a36V8
6V4
6V2
Commonwealth
for Week
of Prices
5%
—u
—
Jan
18%
2,091
19%
7
Hancock
Detroit
24%
26%
Jan
50
2Va
in
—
26 Va
—
Case
Sales
Low
1— .2%
Navigation
Jan1
a35%
6'A
Caterpilar Tractor Co (Un)
Certain-teed Products Corp
106
Rsnge
Last
m --
_
4'A
2%
(Un)—30
10
(Un)
Jan
Exchange
2'A
Machine
Cleveland
Detroit
Feb
*
Consolidated Engineering Corp
2
j._.
3%
11'A
Refining Co
Jan
125
7%
common
400
5
Atlantic
78%
IV2
Week's
Frifay
_
4
26%
Atchison. Top & Santa
26%
69
WOodward 2-5525
Sale Price
Corp
4
Fe Ry (Un)_100
(Un)
25
Manufacturing Corp (Un)
3
Corp
Armour & Co (111)
Jan
22%
177
1
•Consolidated Paper common
Jan
4
100
Mining Co
(Un)
Copper
Steel
Armco
Feb
331
1
Adding
2%
31V4 31%
a24% a25%
7
7Vs
94 95 V2
Anaconda
Jan
'
DETROIT
*
Burroughs
Feb
95c
Jan
727/a
70% a71 Va
(Un)
(Un)
Co
42 Va
Jan
15
St
&
27%
Feb
39 V4
Detroit Stock
——'
Jan
Feb
2 Va
1
Tel
Jan
23%
a
—
Jan
6'A
700
(Un)
*
San (Un)—*
Smelting & Ref Co
& Tel: Co (Un)
American
Dresser
Products
3
Va, Mar
Jan
22,785
Light Co
Curtis
Metal
Feb
1%
Jan
1%
10
Co
(Un)
Inc
Airlines
American
American
Mining
Gold
Juneau
Alaska
14%
158
Building
Brewing
1%
2'A
Sale Price
Broadway Dept Store
Budd Co (Un)
158
15
Par
800
1%
Par
Borg-Warner "Corp
41%
New York Curb
:jr
1,139
38
2'A
Chicago Stock Exchange
.
,
Jan
Mar
17
Mar
2'A
.
Douglas
Baldwin: Rubber
36%
Jan
36
•
1% Mar
Lsat
Jan
a24%
,
y
15
250
17
Angeles Stock Exchange
Curtiss-Wright Corp common (Un)
American
8%
6
Friday
STOCKS—
Jan
Feb
72%
Telephone:
Altes
Feb
Jan
11
York Stock Exchange
common
6
2%. Mar
1
common.
Continental Motors Corp
Electric
425
100
0
A_
Los
Consolidated
Allen
Jan
6 %
245
50
Co
<fc
17%
171
Detroit Stock Exchange
.
3'A
1
_
Preferred
Walker
24
Members
•
Jan
1
_
Consolidated Edison Co of N Y
A
3
6'A
—5
Commonwealth Edison Co (Un)
-
100
2%
__.
_
Corporation
Cities
\
Feb
3'/a
6Va
1
...
33%
'
•
—
STOCKS—
Jan
12 Va
2%
1%
1
common-
_
_
Jan
Watling, Lerchen & Co.
.
14
9% Mar
1%
yy-
-10
-
B
Columbia Gas System Inc
.'•it
12'A Mar
105
19%
Radiator common
Colorado
,
475
36
■
_
—
Tube
Feb
a24Va a24%
■
*
Ford
12%
11%
1%
Clary Multiplier Corp
New
Jan
12%
1%
•
_
15%
12%
12%
—■
19%
3%
—
0
22
a24
1
—
—
Jan
22% Mar
Feb
7%
& Tube
4%
Feb:
Jan
10'A
a
■'
•
—
33
19
Works
Youngstown Sheet
Jan
35
a28%
'
—
15'A Mar
17
2
._
Brewing
22'A Mar
50
22%
•
„10
common
,11%
Mar
10% allVa
a
—
(Un)
common
Feb
Jan
a22 Va a22 Va
•
(Un)
.
Ohio
Steel
Motor
28%
_
of
S
White
29%
12
28%
$
(Un)
Standard
Jan
33 Va
a
•
41
of America
Republic Steel
Richman
50
Feb
•
50
138
6%
_
Davis
Bendix
i
_
Jan
16
Feb
22 Va
a
ts
—
(Un)—
RR
34 %
Feb
•
Sargent
Jan
Jan
_
(Un)
Patterson
Pennsylvania
32
10%
is
RR (U11)
Jan
11%
1
-
13%
28 Va
4
Paving Brick_
Acme
Feb
50
34 %
12
81
*
B
Jan
125
29%
12
$
(AG)
Feb
41%
90
•
'
'
H©
Machine
McKce
106%
10%
a
■
1
Feb
33'A Mar
105
10%
'J
■
*
Kelley Island Lime & Trans.1
12'A al2'A
34%
34 V2
Steamship
2%,
1
..
______
_
Motor Car
Udylite
Jan
a35 % a36 V8
a
-
(Un)
(Un).
Iron
Interlake
Jones &
tn
pfd
4'A
Rayon
6'A Feb
Feb
10
common
...
McClanahan Oil
Baldwin
Hanna
Jan
2'A
—
1
Jan
10
Erie Railroad ,<Un)w———————
General Electric common
5%
100
11%
„1»
_
common.
American
Electric
_
.
Jan!
550
12%
Jan
41
2
20
Nemours
23
81
15
Gas (Un)
5%
16
Mar
a23% a23%-
1
common
Feb
6'/a
_
Jan
%
u
'
Natural
3%
2'A
*
common
Jan
165
411
,,
a37 Va a38 Va
■
Chemical
S)
Jan
50
37%
150
Mar
13%
143
988
a
3%
Feb
Jan
15 Va
,
61%
jJan
20
16 %
1—100
4
Jan
30
125
15%'
Graphite' Bronze (Un)
Pont
100
a32% a32%
.
Consolidated
Dow
3%
al46%al47Va,;
common—*
Jan
2'A
.1
Timken-Detroit Axle
a2 Va
16%
common.,
Illumin
Electric
56%
High
LOW
High '
1
__1
Cleveland.
Cleveland
Range Since Jan. 1
14%"- 14%
100
_25
350
640
6
_
_
Jan
6 %. Mar
Va
3%
—•
_
Superior Tool & Die
Shares
3%
City Ice & Fuel
Clark
for Week
a27% a277/a
Tel
&
&
1
—5
common
(S
Standard
a2 Va
50c
1
5
„_
Feb
6
60'/a
G'/a
1
__
Scotten-Dillon
Sales
of Prices
Sale Price
Coach
6
Feb:,
9 Va
Mar
3%
1
Preferred
Pfeiffer
Exchange
Range
Last;
Alleghany
_
National Stamping
Week's
6%
,
6'/a
59%
1
common
Mfg
Screw
24%
72%
Par
Jan
Jan
8
180
Jan
v
42%
STOCKS—
Jan
65c
59%'
1
—
Car
&
King-Seeley
■
Friday
American
..
&
Motor
y;
Cleveland Stock
Mfg
_
_
Lock
Parke
Brass
common
'
Jan
16 Va
-v
3
Jan
5 Va
1,475
8
Jan
Feb
2%
50c
200
6
8
10
Bearing common...
-2%
Manufacturing
Ball
Hudson
9 Vs
12 Va
73%
1,000
5%
5%
10
Kaiser-Frazer
■.
2%
60c
6%
4'A Mar
150
Jan
50%
•
71
Packard
Akron
___
Gerity-Michigan Corp
Goebel Brewing common
Graham Paige
26%
12 Va
.
60c
_
1
...
—
Feb
10
12.50
Westinghouse Elec
Industries common
2%
2%
1
Manufacturing class B new—*
Gemmer
9Va
•
-
Jan
1
common—
-
High
Low
4'A
Jan
28%
26'/a
0
•
46%
Jan
15%
10
-
i
B
Steel—
S
Feb
29%'
—
15
"
25
Socony Vacuum Oil
.
Brewing
Range Since Jan. 1
Shares
High
4'A
4'A
_
common
Wood
28 3
59%
•
50
33'/ho
*
:
Pepsi-Cola
Gar
36%
37
1
Oil
Ohio
Jan
29%
.
—
a
Motors
y'
,
Ale
26 Va
7
Light—
&
Dept Stores.-^
Jan
34%
Jan
31%. Jan
50
9
9
"V/
—
150%
Friars
26 Va
306
•
Frankenmuth
37%
43%
27%
1
'
.v>
132
42%
27%
•
Power
General
109
43
10
—•
Gas
Federated
iiA'A"
•
—
Fuel
Curtiss-Wright
Dayton
97
32%
31%
*
Service
Ice
145% 147%
145%
25
Tel
&
Jan
27%
Feb
23%
143 %
316
Truck
Motor
for Week
Low
Par
Federal
Sales
Range
of Prices
Sale Price
STOCKS—
High
Low
££££•££
25%
24%
25
10
Rolling Mill
American
City
High
Week's
Friday
Last
Range Since Jan. 1
Shares
Stocks—
American
Cities
V':"'£
Sales
.
of Prices
Sale Price
STOCKS—
MARCH 18
for Week
Range
39
EXCHANGES
RANGE FOR WEEK ENDED
Friday
(1255)
CHRONICLE
FINANCIAL
Co
_
1
—
—
2.95
*
—
—6.66%
alO
1
al0% all Va
—
—
*
108%
a9
2.90
110
a9
454
3%
2,725
11
a9%
11
alO
2Va
2'/e
100
Feb
i
Feb
2.90
Feb
142
9 Va
Feb
9% Jan
4% Jan
13
'Jan
110
8%
Feb
11'A
Jan
100
2
Feb
2'A
Jan
50
9
yy
40
THE
(1256)
COMMERCIAL
&
CHRONICLE
FINANCIAL
Monday, Mareh 21, 1949
,
OTHER STOCK EXCHANGES
range for week
WMk'i
Friday
'v
Last
Sale Price
STOCKS—
.
18
Sales
for Week
Shares
Range
of Prices
Philadelphia-Baltimore Slock Exchange
Range Since Jan. 1
Low
High
Low
Par
-
ended march
High
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Friday "
Illinois
Central
RR
100
(Un)
Co
i
Interlake
Iron
4c
11
•
11 'A
(Uni
Corp
0
Nickel of Can Ltd
1.35
1.40
(Un)
15
International
Tel & Tel Corp
(Un)—*
Kaiser-Frazer
Kern
♦
County Land Co
Laclede
Lt
Gas
Lane-Wells
Co
(Un)-
1.50 Mar
Par
25
13%
Jan
13 '/a
Jan
28
Feb
31
Jan
49% Mar
9%
220
8%
6'A
6'A
182
390
5%
Feb
47%
Feb
56%
Jan
715
40 Va
Feb
46 V\
American Tel
& Tel
Loew's
Los
Inc
42 Va
42'/a
24
6%
24
1.15
1.25
10
Feb
9
Jan
Jan
6% Mar
Jan
5
22%
Feb
26%
Jan
1.15 Mar
250
1.45
Jan
Works—
Locomotive
Baltimore Transit Co
5Vr
1st
Budd
Magnavox Co
Oil
Mascot
Menasco
1.00
com
preferied
tc
v
Co
1
Co
Prod Corp
Central
RR
1.25
1.40
.700
300
3,401
105
52%
150
Aviation
American
Co
Inc
(Un)
Petroleum
Oil
Pacific
Corp
Co
Gas
&
—
Elec
25
common
Curtis
.6%
25
preferred
5Vs%
5red preferred
Indemnity Company
Pacific Lighting Corp common
Pacific Western
Co
•
6%
Feb
7 % Mar
18% Mar
10% Mar
Feb
13'A
Jan
14c
4,500'
Feb
20c
455
9%
Feb
11%
Jan
187
16 Va
Jan
17% Mar
490
7%
8%
12c
Publishing Co_.
Chemical Corp_.
Davison
11%
Feb
Jan
41c
8,300
Feb
41c
2.35
2,448
2.00
Feb
2.65
Jan
29%
160
25%
Feb
32%
American
Airways Corp
Paramount Pictures Inc
Pennsylvania RR Co
Co'
Pepsi-Cola
Pullman
Inc
Co
(Un)
31%
30%
2,914
200
Mar
33%
Jan
%
31
Feb
3A Mar
Feb
Mar
Mar
31
34 Vis
100
33%
Feb
SS'A Jan
31%
210
30%
Feb
32%
28
950
27%
Feb
350
51%
Jan
61
51%
569
51
Feb
50
a__
Jan
28%
59
3%
Sugar
Associates
Battery
Finance
Co
Motors
of
(Un)
50
Jan
Mar
53%
(Un)
470
51
Feb
5
Feb
6%
6%
480
17%
18%
%c
2c
(Un)
Radio Corp
*
21%
468
20
15%
461
15% Mar
a9%
155
8
Jan
275
44
% Mar
Mar
24
of America (Un)
17%
com
•
11%
11%
100
11% Mar
12% Mar
45'A
46'/s
409
45%
51 Va
72
45%
-—100
A
Corp
72%
75
72
Mar
3
213
Mar
213
213
Gimbel
,•
Brothers
Coal
32%
Feb
34
Martin
National
Power
&
25%
Feb
31%
1
11%
Feb
14
Pennroad
Corp
Pennsylvania Power & Light
Pennsylvania RR
Pennsylvania Salt Mfg com
Water
Penn
Power Co
&
Philadelphia
dlv
$1
Electric
preference
8
Feb
8
8%
5%
5%
5%
2,325
Rheem
Rice
& Gas
$1.40
div
Manufacturing Co
2%
2%
215
24
24%
528
23%
4%
4%
4%
414
5
5
355
al7% al7%
70c
__
l
Richfield Oil Corp common
Ryan Aeronautical Company
70c
*
28'%
1
9% Mat
10
10
% Mar
8
7%
15
6%
Seaboard
Finance
Seaboard
Oil
Co
5
Co
18%
17'A
718
18%
15%
14%
16
35%
35%
35%
160
34'A
34 %
50
*
of
Del
Sears Roebuck & Co
*
Jan
Feb >
"
27%
Jan
Security Co
3Q
Sierra
Trading Corp
Signal Oil & Gas Co
21%
22%
4,133
20%
Jan
22%
Jan
24%
24%
344
23%
Jan
25%
Feb
31%
35-%
600
31% Mar
40%
Jan
3
•
21%
21%
21%
590
20
Jan
21% Mar
common
•
27%
27 %
27 3
499
26%
Jan
28%
Feb
21 Vs
21%
100
19%
Feb
23%
Jan
48 Vs
49 Vs
151
46%
Jan
49 % Mar
9%
Jan
10 % Mar
Feb
60Va
50
common
Oil
:
__
49 V«
4
United
10%
0
•
Co
Tonopah Mining
United Corp
Gas
Inc
:
,
20
10%
57%
58
2%
52
836
37
3
%
2'/a
Jan
18 Va
Class
new
B
class
A
Feb
_
Signal Petroleum Co of Cal
.Sinclair Oil Corp
1
•
10
20%
20'A
26
20'A Mar
20%
Jan
20
32
32
13
32
Mar
37%
Jan
1975
44
46%
——1975
51
52
—
Coal
Transit
Baltimore
4s
Co
:
44
$8,500
3.000
-
Orig
Edison
Calif
Co
4.56
;
preferred
Natural
Blaw-knox Co
Feb
70c
30%
Jan
Feb
6%
Jan
20
11%
23%
6%
29%
1,088
6%
450
25
5%
54
17%
Jan
19%
19
450
16%
Jan
19
50
534
a__.
Jan
Mar
a—
34%
Feb
Gas
Pitt
Fort
Manufacturing
46
Feb
48
54
9c
6,000
8c
26%
2,677
20%
28
10
19c
21%
22 %
Mar
Feb
com
Feb
130
10'/a
50%
Feb
10c
Feb
9
38%
I
Mar
28
2,900
18c
Mar
28c
Jan
1,609
19%
23%
1,173
15%
Feb
17%
Jan
1,752
29%
Jan
30%
41
41
10
27%
28
565
27% Mar
29 Vs
28%
28%
120
28% Mar
29 %
39%
23 3
21
27%
774
26% Mar
29
25
25%
1,212
24%
Jan
39% Mar
Jan
24
34%
100
34%
Feb
35%
7%. Mar
18 Va Mar
23% Jan
5
3
3 Vs
800
2% Mar
3% Feb
Pittsburgh Brewing common
$3.50 preferred
Pittsburgh Plate Glass
0
0
10
»
1
1
--
Screw
Bolt
&
Corp
2%
2%
-
2%
225
50
31
31
29%
30%
443
8'A
8
14c
14c
Mining
Standard Steel Spring
Toy
Brake
Air
*
12.50
Westinghouse Electric Corp
Standard Brands Inc
al9%
al9al9%
238
17%
Jan
21%
Jan
61%
1,038
56% Mar
67%
15c
(Un)
__
*
Calif
•
__
(Un)
25
Standard Oil Co (N J)
(Un)
25
Stone
(Un)„
61
-
Shoe
41
176
37%
Feb
41% Mar
Brown
202
65%
Feb
72%
Jan
Burkart
common—
Mfg
25
(Un)
•
50c
common
Tidewater Assoc Oil Co
Transamerica
25
—_—;
..."
•:
•'
'
90
13%
Feb
14
Jan
18%
19%
640
16%
Feb
21%
Jan
Emfirson Elec
(Un)
10%
630
9%
Feb
11%
Pacific
RR
Co
United Aircraft Corp
18%
200
a30%
17% Feb
19%
a64%
—
a29% a30%
160.
28%
Jan
30
a52% a53%
„
125
49
Feb
54%
14%
Feb
Feb
34%
Jan
23%
24'A
123
22 %
Feb
.26%
Jan
10
Jan
'Feb
Jan
General
Motors
(Un)
common
61
Jan
Griesedieck-Western
Feb
11
Jan
Hussman
23%
580
n%
2,104
11%
11%
384
10%
20
20
100
20
50
„
__
29%
a81%
25
Low
145%
Range Since Jan. 1
Shares
145% 147%
312
29'/a
140
18
18
27%
27%
Air
United
Corp (Un)___
United
States
Universal
Lines
Inc
(Un)
*_i
Rubber Co
Consol
Oil
10
(Un)
10
Co
10
United States Steel Corp
—_
*•
al2%
__
31 Va
29 Vs Mar
Refrig
a39% a39%
29%
135
Feb
10
Jan
12
Feb
12%
Jar,
International
21
Feb
Key common
Knapp-Monarch
37
Mar
Feb
25 Va
41%
Feb
18%
Feb
Jan
30 Va
Jan
Mar
113%
Jan
112
25%
24%
25%
153
23%
Feb
25% Mar
•
36%
,36%
38%
CO
35%
Feb
40Va
l_10
59 %
56%
59 Va
60 Vb
25'a
60
21 Va
22
21%
Hydraulic
Brick common
Pressed
Feb
Jan
Jan
22%
Feb
12'A
12 V.
50
12 % Mar
12 Va
Feb
5
35
35
10
35
Mar
39%
Feb
1
2%
1%
185
2%
2%
42%
123
V*
200
common
•
42%
8'A
8
common—
*
1
7%
8
200
5
13 'A
14
296
Shoe
62%
28 Vs
19%
736
Jan
Mar
40%
7%
25%
Feb
30%
Jan
Laclede-Christy common
78%
Feb
86
Jan
Laclede
Gas
22%
Feb
25% Mar
Laclede
Steel
6%
4
common
20
common
30
al2% al2%
100
11%
Feb
2%
Jan
12% Mar
5
Jan
31
860
30
Mar
34
Jan
5
22
Mar
22
Mar
6
6 Va
25
22
17'A
17 Va
125
16
Jan
lo
17 Va
17%
104
15%
Jan
North
American
a3
170
431
38% Mar
39%
a72% a73%
331
69% Jan
77%
Feb
Rice-Stix
35
(Un)__—'
Feb
Mar
6 Va Mar
2,815
30
25
39%
com
Jan
Mar
14
12% Mar
Missouri Portland Cement
a3
3
8
8%
Feb
22
39Vs
Jan
% Mar
44 Vs
Jan
Mar
8
•
2% Mar
Jan
Jan
121
Jan
Feb
24% Mar
385
24%
0
*
355
25 %
15
112
6
Brew
common
1,400
29%
a81% a81%
24%
20%
112
Jan
17
27%
20
Landis Machine common
United
150% Jan
Jan
143
150
29%
High
Low
High
1
(Un)
common
General. Shoe common-
Feb
11%
—
for Week
1
common
10
22%
__5
_
Electric
58
11%
5
(Un)
Brew
General
110
10
22%
(Un)_„*
Sales
Range
.—-100
preferred
115
a64 a64%
2
(Un)
Jan
Jan
28%
Jan
18%
10
Corporation
Century-Fox Film
Jan
Mar
50
1
common
Huttig S & D common
Union Carbide & Carbon Corp (Un)__♦
Union Oil of California
common
25
Union
__
.
Transcontinental & Western Air
Twentieth
16c
268
1
common
Industries
Clinton
Falstaff
25
'•
Feb
30%
Week's
100
*-15
& Tel(Un)
Tel
10%
__
l
preferred "B"—
Incorporated
6c
14%
of Prices
Par
al4% al5%
__
l
Sunray Oil Corp common
'
8%
14%
Last
Friday
a67% a69%
41
__
a68%
*
,Studebaker Corporation (Un)__
'
Feb
16%
Sale Price
stocks-
American
v
7%
11,000
Jan
Textron
Feb
35%
St. Louis Siock Exchange
Feb
Texas
Jan
34
Jan
29% Mar
30 >4
14%
Jan
37%
(Un)
2%
Jan
28
60
~8 %
Jan
__
49%
Company (Un)
Gulf
Sulphur Co
Jan
100
602
Feb
41% Mar
& Co
Jan
8%
7%
7%
Mar
34% Mar
Texas
Jan
Feb
21%
19'/4
26% Mar
34 %
25
41
220
.'Swift
23%
35%
66
19
5
Fttel
Jan
_
__
39% Mar
480
4%%
Mar
70
A
4
Jan
26%
__
25
___
Inc
Jan
Jan
6%
(Ind)
10%
Jan
Feb
Mar
a34% a35%
Webster
Jan
Mar
l'O
San
28
a41% a43'A
&
24%
9
130
21%
4
23%
10
Feb
495
38 3
Jan
Feb
19%
35
Supply
Fireproofing Corp
Mountain
Pitts
a35:%
Standard Oil Co
Jan
11% Mar
Jan
9
1,007
10
21%
21%
•
—-—10
Gas
Mackintosh-Hemphlll
26% Mar
30
25
of
14%
12 Va Mar
343
11%
Mar
7
Jar,
16%
25
Co
Jan
'
9 Vs
21%
9%
1
Co
9%
10
—
—1
:
Harbison Walker Refractories
Joy
*
5
10
System-
Brewing
National
39%
a41%
Oil
26%
Feb
20
24%
13 V4
13
High
Low
Jan
Jan
Range Since Jan. 1
Shares
7
7
7
•
62 %c
pfd class A__25
Southern
Pacific Company
•
Southern Railway Company (Un)
*
Standard
Feb
High
24%
*
com
1,200
16
—
preferred
Low
*
Co
Gas
Jan-
29%
preferred
4.32%
Steel
Ludlum
Arkansas
19jA
16
preferred
Southern Calif Gas
Feb
61%
for Week
Par
Jan
29%
25
4.48%
54 Va
Mar
Sales
Range
of Prices
Friday
19%
15
preferred
4.88%
Week's
Sale Price
stocks—
16
com—25
Ltd
Mar
51"
Pittsburgh Stock Exchange
Westinghouse
Socony-Vacuum Oil Co Inc (Un)
Southern
21%
Jan
795
Columbia
28
*
;
19%
19%
Duquesne Brewing new common
Follansbee Steel Corp_—
25
__
Jan
Mar
3
,
19 Vs
19%
13 Vi
Jan
19c
»
Jan
13
Feb
325
%
%
1
Improvement
Westmoreland
57%
1
Jan
8c
__
Jan
34% Mar
com
5
47 %
25c
Jan
34 % Mar
31 %
5%
-•
aJ6'/a a37%
a37%
18% Mar
17%
36%
Feb
24%
Mar
a39% a39%
(Un__
Jan
14 % Mar
32%'
3,122
21%
Feb
27%
18%
__
Jan
8% Mar
♦
common
3% Mar
al8% al9%
__
I
Mar
A
Jan
2,061
18%
*
Common
Sun
Lone Star
Safeway Stores Inc-
Jan
130
%
10
4%
6%
6%
Jan
11%
10
%
8
Paper common
•
Scranton-Spring Brook Water Service—
Allegheny
24
1
Oil Co
Ranch
3% Mar
2%
2.50
17 Va
250
1,158
50
common
preference
Reading Co
Jan
6
l
Company
8%
5% Mar
•
Inc
Drug
Feb
Mar
9% Mar
80
10%
—
1
com
Corp common
Service El & Gas
Public
Jan
Radio-Keith-Orpheum Corp (Un)—_1
Republic Petroleum Co (new)
l
Reserve Oil
62%
15%
9%
0
Jan
931
466
Rexall
Jan
Feb
56%
60%
10
59%
10
Light
Jan
75
12%
__
Jan
72 Va Mar
216
59%
5
& Navigation
(Glenn L)
Jan
26
12%
50c
Feb
15%
10
Jan
a32
12%
Republic Pictures Corp (Uni
Republic Steel Corp (Un)
Mar
Mar
Jan
9%
53
a30.
•
—
Feb
2c
Jan
Jan
a29%
__
Feb
17% Mar
19 Va
%c
25,543
Last
Oil
.7%
16% Mar
2,287
—
Jan
57% Jan
16%
315
18 Vs
Feb
9%
bonds
Jan
a31%
__
54%
Jan
16
9 % Mar
Jan
350
a42% a44%
•
8%
9%
a9
25
(Un)
Feb
53%
3.25
Mar
8
___
4%
Feb
15%
__
12
160
Jan
a__
—
3%
515
4
21%
__
*
33V3C
3
180
8%
16%
18%
1
*
10
com_
new
class
Amer
Westmoreland
9
__
6Vb
1
Scott
1,617
jji
31
25c
51%
__
1
(Un);
Phelps Dodge Corp
Pure
(Un)__2V2
53%
13%
100
Storage
5s series A
Pan
2.50 Mar
2.50
12%
8%
Jan
a36% a36%
__
Eastern
Electric
Philco
59
__
__
.♦
Jan
Jan
10%
17%
31%
__
—10
(Un)
Jan
27%
*'
10
Oil Corp—.1-.L
Packard Motor Car
14%
34%
31%
25
Pacific
Feb
17%
Si!
„
—25
—
13%
675
31
__
25
preferred
Jan
14 %
12% Jan
2.50
—
-..2%
—*
Delaware Power & Light com
8'A
Jan
31%
31%
U
issued
Jan
1.80
29%
__
Rights
When
Jan
55%
Feb
2.25
2.30
*
_
1.90
Feb
26c
1
(Un)
Jan
1.60
1.15 Mar
151
8%
8%
1
Co
2%
Feb
10%
__
1
150%
Feb
Feb
13
12%
100
Corp
Lehigh
1%
17%
__
10
a—
a__
10%
10%
13c
1
(Un)
7%
al6al6%
.
10%
•
Northrop Aircraft Inc
Ohio
7%
675
Jan
110
1
American
North
1.05
2,300
1.75
1.80
al2% al3%
1.80
♦
Ltd
North
Jan
85c
a55% a57%
__
1
(Un)
Feb
1%
1.25
*
(Un)
17 %
1%
1%
I
:
9 IT
11
*
General
12% Mar
a33% a34%
18
(Uni_
Inc
13%
13
13%
—*
vtc
Fidelity & Deposit Co
2,501
Distillers
Oil
Jan
95c
--
oceanic
Feb
26%
1.00
7%
Occidental
16
Jan
1
1
Corp
Jan
25
——
5
Nordon
14%
132
451
Petroleum
York
167
13%
National City Lines Inc
National
490
25
12%
Montgomery Ward & Co Inc (Uni
Mt Diablo Oil Mining & Dev
Nash-Kelvinator Corp (Un)
New
19
15%
13%
Robbins
Jan
23% Mar
19% Mar
Jan
25
1
Manufacturing
Merchants
16%
18%
15%
—
—
_
(Un)
Co
McKesson &
—
•
20
1,790
Jan
315
—13
Company
Chrysler
1,500
6
Arundel Corporation
Baldwin
900
__
6',a
1
(Uni
Angeles Biltmore Hotel Co
High
21%
143%
23%
145% 147%
145%
1Q0
*
Range Since Jan. 1
Low
High
23%
49% Mai
Rights
Lockheed Aircraft Corp
Low
*
American Stores
Shares
Jan
a45% a47%
1.25
1
10c
Feb
stocks—
'''
2,300
170
42'a
______4
Company
Lincoln Petroleum Co
1.00
Jan
9%
6%
a46%
5
(Un)
Corp
13 % Mar
100
—
1
Corp
Copper
7V2C Feb
Feb
28'A
49%
—
Kennecott
29 %
Jan
7%
49%
28'A
—
Paper
Co
1.45
Feb
2c
al2'A al2*A
—
(Un)-"
International
International
22%
10
11,000
2,660
7c
12
■■'•
—10
Corp
Petroleum
Intercoast
a24% a24%
__
25c
33V3C
Imperial Develop Co Ltd
Independent Exploration Co
Feb
17%
\
'
17% Mar
•.
__
a73
__
37
38%
440
Feb
41
Jan
St
10%
10%
200
9%
Feb
11%
Feb
Sears
5%
6%
850
5%
Feb
6%
1st
Public
Service
131
100
preferred
class A
sVa
50
5 Vs
131
5>A
5
910
Mar
131
4%
Jan
Jan
Louis
.
Mar
131
-
5% Jan
Scullin Steel common
Warner Bros Pictures Inc
Western
Air
Lines Inc
(Un)
5
_1
;
Western Union Tel Co
(Un)_
Westinghouse Elec Corp (Un)
Willys-Overland Motors Inc
Woolworth
fF, W) :Co
6%
al4%
■
(Un)
(Un)___
Zenda Gold Mining Co
For footnotes see page 46.
„
*
_„10
10c
„
al4% al4%
a45%
3c
23%
180-
a44% a45'/«
3c
3c
f.
22%
Feb
26%
Jan
250,
5%
14% Mar
360
24%
5%
24V*
1
5
Feb
7%
Jan
129
1,000
45ys Mar
3c
Jan
14% Mar
47% Jan
4%c Mar
"
17
17
62
15% Mar
19 Va 'Jan
Roebuck
»
36'/a
36 Va
10
34%
39%
*
32 Va
32 Va
30
32 % Mar
96'A
96 Vt,
25
96 % Mar
96% Mar
13
13
25
12%
15
13 'A
13'A
10
12 % Mar
39
39 Va
347
Securities
&
Co (Un)
Investment
Preferred
common
2
1—
Sterling Aluminum commonStix-Baer
&
Fuller
comrhon.
Wagner Electric common-™
100
1
*
—
_6
-15
39
39
.
Feb
Feb
Mar
Jan
32% Mar
(
Jan
l3V«:;Fe.b
46
Jan
Volume
CHRONICLE
&.FINANCIAL
COMMERCIAL
THE
Number 4787
169
OTHER STOCK
(1257)
EXCHANGES
FOR WEEK ENDED MARCH 18
RANGE
v:
San Francisco Stock
of Prices
(Un)
Alaska Juneaii Gold Mine Co
Alleghany
Corp
McBryde
Menasco
High
Low
Sugar
Mfg
High
250
20%
Feb
20%
Feb
Mindanao
3
i
(Un)
Range Since Jan. 1
20%
3 'A
500
2%
Jan
3%
Jan
M
2%
2%
100
2'/a
Feb
2%
American
•
Airlines Inc
American
&
American
(Un)
Foreign
Power
Amer Radiator
&
&
Light
Stan
Co
A-
&
J
M
Portland
9
9
100
7
Jan
9'/a Mar
Montgomery
1%
100
1%
Jan
1%
v9 Va
9 "A
315
7%
Feb
9'A Mar
«
(Un)
Range Since Jan. 1
High
Low
High
.
14V2
14V2
15
780
4%
4%
4%
96
4% Mar
1.50
1.50
500
1.50 Mar
25c
26c
18,300
22c
Jan
35c
Jan
18c
20c
1,700
17c
Feb
22c
Jan
13%
Ward
Nash-Kelvinator
(Un)
&
1
3%
:•
a56%
(Un)
Co
Co
10
(Un)
Corp
^
3-%
3%
a55%a57'A
20
11%
16'A Mar
Feb
Jan
7
14%
Jan
National
Auto
Fibres
Feb
4
Jan
54
Feb
21 %
Jan
15%
Jan
Feb
National
City
Lines-,
Jan
National
Distillers
11
Jan
al3
al3
10
127a Mar
10'A
10>/2
502
7'A
352
18
18
330
a5%
a5%
20
5% Mar
10'A
10 y2
600
10'A Mar
1
149%
19% Mar
__
1
53'A
10'/2
Feb
3%
52 Va
2,170
__
13 Ve Mar
48% Mar
%
10
20'A
__
Jan
2.10
191
20
.7%
5
125
48%
__
(Un)-*
com
188
13%
48%
-
Jan
.
Mines_____P10
Cement
Morrison-Knudsen
(Un)i
San
Lode
Cons
M
&
1%
•
Low
.
_______5
(Un)
.1
9
(Uni
\
Shares
•
Co
i
Power
(Un)
Co
Mother
Monolith
.
for Week
Feb
~::io
__
Shares
Navigation
Low
•
■
Reduction Co
Sales
Range
of Prices
Par
Matson
20%
Par
.1
Air
for Week
Week's
Sale Price
STOCKS—
Sales
Range
Sale Price
STOCKS—
WTeek's
Last
Friday
Last
Exchange
Friday"
974
Feb
\ 6%
Feb
■17.%
Feb
*.
American Smelting & Refining
American Tel & Tel Co (Un)
(Un)__»
48%
_.100
147 J/4 147'A"
«
American
Woolen
Anaconda
Copper Mining tUn)___ 11-50
Co
(Un)
143%
1,620
Jan
Prod
(Un)____
34 Vb
34 Va
905
34% Mar
37%
Feb
31%
280
31'A Mar
34%
Jan
Natomas Company
29%
30%
606
28'A
Jan
30%
Jan
.7%
7%
200
6%
Jan
a7 Va
a7'/a
20
a95®8 a95%
50
*
National Linen Service Corp__
31%
31%
41
__
1
*
.
■
{
:
■
>?
f
7'A Mar
18'A
Jan
6'A
Jan
107s Mar
i
California
Anglo
National
Atchison
Atlas
Top
Atlas
Atok-Big
Corp
Baltimore
Bank
(Un)
California
Aviation
.:
N
30c
*-••1
11
a9 Va
Co
RR
1
11
6'/a
American
Aviation
American
Co
North
American
20% Mar
32c
320
11
11
Mar
10%
9'A Mar
30
3o5
10%
500
1
10%
10%
10%
133
(Un)—10
Cons___
1
al7% al7%
__
10
__
_100
Ry (Un)„_L__
295'A
Feb
170
32%
Jan
34%
Jan
516
30%
Feb
33%
Co
Jan
Oliver
Co
al5
46
Steel
•
(Un)
Holdings; Corp (Un)L
Boeing Airplane Co (Un)_c__Co
Bunker
Hill
Co
class
10'A
(Un)
Calamba
150
21Vb
Feb
23'A Mar
101
40%
Feb
40%
100
47 V2 Mar
50'A
Jan
432
18
22
Jan
a48% a48%
18
»
Sugar
Cement
California
Art Tile class A
Co
!
_•
18%
Packing Corp
Preferred
8%
500
Jan
7%
610
6
Jan
iVi
8
9
200
8
Mar
33
35
410
30
Feb
•
50
55
55
28
25
12'A
12%
150
•
56%
56%
*
.____
25'A
25%
7
Pacific
Caterpillar
Celanese
Central
Ry
(Un)
52%
.12
55
Tractor
Corp
of
Eureka
Co
'
America
._
Mining Co
Preferred
Chrysler
(Un)
__
4%
(Un)
Colorado Fuel & Iron
Columbia
Broadcast
System
•
58
Tel
Jan
Feb
1.80
Jan
31%
422
31% Mar
34%
Jan
a6
75
8l/e
Jan
23% a23%
a
54
a43%
54'/2
a42%
Feb
95
30%
Feb
32%
Jan
51%
Feb
57'A
Jan
45
Jan
18 y2
Jan
43%
57
42% Mar
10
16%
a
al9
--
al9
22'A
50
Feb
Jan
22'A
Pepsi
Co
Solvents
(Un)
Commonwealth & Southern
Commonwealth
•
(Un)—
Edisom
Co of N Y .(Uh
Consolidated
Natural
Vultee
Creameries
Crown
of
Gas
2nd
290
25%
Jan
K
9'A
26%
r,
Feb
44%
23
Jan
43 Ve
10%
M
9'A
150
8%
Jan
25'/a
1,406
23'A
Feb
94
96'A
133
94
Mar
97
95
22
94
Feb
95
9'A
:r685
9
7,A
9%
27%
y
Jan
5
1
B
Doernbecher
rvintmguez
El
Mfg
Oil
Dumbarton
Ffstman
wiHi
common
Co
Fields
Bridge
Rheem
Jan
9%
Richfield
Kodak Co of N J
Dorado
Oil. Works
v.
%-
Food
Radio
&
Prod
prior
a45%
(Un)
Machinery & Chemical
Foster
&
Kleiser
11
11%
;'6
^5%Mar!
34
l'A
-—25
10%
50
424
1,064
50
105
Feb
132
24
Mar
23'A
27 %
Feb
99
Jan
of
560
Feb
54
102
264
101V2 Mar
104
Jan
51
10
49 y8 Mar
58
Jan
16%
17'A
380
15V'2
17'A Mar
25'/a
25 V2"
35.9
24% Feb
95
96
220
89
17%
__
95%
.
142
__
142
103
3%
355
•
common
17V2
1
(Un)
Mar
Jan
142
Mar
3%
Feb
•4%
Jan
8'A
Feb
9%
Jan
17y2
647
16%
21 y2
409
20
Mar
24 Vb
Feb
15%
121
15% Mar
17%
Jan
a9%
a9%
50
Jan
9%
Jan
a42y2 a44%
a423/4
•
Feb
8%
General -Electric Co
(Un)
*
General
(Un)
•
Food
Corp
42 Va Mar
49
%
Feb
67
52 V*
Feb
56%
Jan
18%>
18%
450
17 Va
Feb
21%
Jan
*
a31%
a33
55
32%
Jan
34%
Jan
12'A
12%
1,325
liy8
Feb
14%
".52
52
10
50
Jan
57
a27% a28%
35
27
Feb
28 y2
Jan
33%
335
32
Mar
34%
Feb
(Un)
•
com___:
182
a58% a58%
__
12%
^
33%
Gladding
Golden
4%
McBean
State Co
common..,.
&
Co
Ltd
Oil
Jan
'
Mar
28%
1
5% ;
306
70
24'A
17%"'
17
;
.
.
-\5% Mar
5% Mar
26%
-
Jan
i
Goodyear Tire & RubbeiGreat
North
Ry
Greyhound
.;■ 27% Mar
17
Feb
19%
Jan
29 %
774
25
•Jan
30Va
Jan
23%
210
2iye
Feb
25 Ve
Jan
27%.
20
25'A
Jan
27% Mar
5% Mar
6% Mar
6 %
-»5
6 %
6 %
al9%
__
,_P10
v
__i__-___15
-
380
i
16%
Jan
19%
Jan
9c
Jan
39%
Jan
18,900
6c
Feb
34%
Feb
31
;
Feb
38%
20'A
Jan
25
'
34
35V8
i 405
i -25
25
"150
21%
21%
22
15%
" 24-y4
19%
Feb
1.927
15
Feb
17%
Jan
25
1,119
23 % Mar
26%
Jan
Jan
•
:
"
"905
-
a29% a30%
2 9%
23%
_
_3
Pineapple Co Ltd
Battery Co class A (Un)
Class
B
Holly Oil Co
Honolulu-
Foods
Jan
41%
Jan
872
56%
Feb
62%
Feb
13'A
250
13
Mar
16%
Jan
Spring
23'A
150
23'A Mar
25
Feb
Standard
Inc
Idaho
Power
'
_—
.
60'A
a3974
10 74
a
17%
29%
Jan
30%
_25
25
25
315
25
Feb
25%
25
—
4.56%
26%
27%
290
26 »A Mar
29%
Jan
28
28%
600
28
29%
Jan
28
28
100
27%
28%
Jan
25
preferred
International Nickel
a
(Un)
Corp
Kalser-Frazer Corp
Copper
*;
a
10%
4.88%
a
28%
25
_•
5
Standard
41%
89
115
a—
10
Libby McNeill & Libby__o_
Lockheed Aircraft Corp
Loew's
Macy.
Inc
&
-
-
(R
H)
272
5
For
(Glenn L)
footnotes
Co_
see
:
page
46.
a27
>
Mar
Feb
Feb
Calif__i_____-i__'>
N
J
(Un)__
35ci,
f C
35 y2
*
Feb
Feb
49%
Jan
26
Feb
27%
Jan
195
32c
Jan
35c
Mar
425
18
Jan
20 V2
Jan
856
'■
27%
19%
19
34
39%
6
42%
a
35c
19
60
-
56%
Feb
67 %
Jan
Feb
72'A
Jan
16%
Feb
16'A
Feb
1,462
69 Ve
310
19%
197/a
565
18
18
186
a29% a3Q%
20
a—
61
Jan
67
6i y
69'
25
3% Mar
Transamerica
Feb
4l/e
Transcontinental
30
12.
5
Feb
66%
Jan
Feb
13
Jan
8%
V
32%
10%
8
Carbide
Oil
32'A
.7%
Feb
Feb
31'A
Feb
9%
Jan
vv.
37% Mar
Air
Corp of Del
•"13% Mar
39%
-U
Corp
Jan
Waialua
Warner
699
20 'A
Feb
11%
7,914
10
Jan
5
11%
Wells Fargo
4u
Feb?-
46 %
Jan:
Westates
a31
8
835
300
Feb
32'A
Jan -1 •
Jan
'Ut%. i;%;
„
J'*% Mflr
*
22
9%
Mar
Feb
8'A
Jaiv
West
Coast
Life
Feb
12
2,235
% a25%
20
al23e al2%
■
"3
Jan
13'A
1,225
2%
986
6974
Jan >
2.^5
2.601
8%
8%
495
24
200
10 Va
180
9%
272'A
Feb
85c
Feb
24
8
;
2.05
1,750
;;
78'A
Mai-
24
Mar
Jan
r9.'A Jan-
,
■
Jan
2.65
Feb
8
Feb
3',4 Mar
Jan
72%
10 7
Jan-
10 3A
r
5
Jan
1374
24'A Mar
'■
20
Jan
30
Feb
814
(Un')_____
41%
.
158
31/8
73%
Jan
24
2.60
*'. 28
Jan
11%
281
Jan
Feb
Jan
;
280
280
5
1
91C
r
91c
1.10
4,866
1.15
Jan
C%
:
6%
7'/8
1,271
6'A
Jan
7%
Jan
5
I6V2
:
16 y2.16 y2
130
15'A
Feb.
16'A
.1
a5%
5%
Feb
_:__100
common
(Un)
Insurance. ("Un):
Western
Air
Western
Dept Stores
:
Feb-
Western
23%
Jan"
.-
Feb
Jan
Mar
11% Mar*
1174 Mar
73'/«
Co
12
.
v
Feb
Feb
10
3774
2574
11%
Jan
Mar
1
Mar
31
895
831
,_1
(Un)
19
'
39%
29%
a25
a25%
54V2
25'A
}
Jant
(Un)_-5
Bank & U T
Petroleum
Preferred
'10%
29%
_1
Co__.
Pictures
235'
393/e
10
common..-_A—
16
'
30'% Mar
20
546
23%;
31%
Bros
5
(Un)
Liquidating
915
,
(Uni____w
18
Feb
22%
iiy2
a52% a53 Ve
25
Inc___'
Equipment
Jan
16%
10
Steel
Jan
9
1474 Jan
al6
,
S
Victor
55%
Feb
40
10
49
22'%
11%
___*
common.
.Utah-Idaho Sugar Co common
.
Mar
;
25
22
(Un),
100
22%
2
12 V2
Corp
Lines
6
200
a31
Air__
a53Vs
10
__—
Aircraft
46
8
12%
22
Sugar
445
8
16
Carbon
Calif
United
Jan
8"? a
350
a
&
of
United
Jan
29%
al9% al9%
'
Co
Western
20%
a-_
25
common
____J
&
Jan
•170
31%
•
Oil
Corp
Union
Jan
2.20
Jan
31%
._
(Un)
Ass'd
Union
Union
2,099
■
42K 42%;
~
Company
Water
United
25
6%
Feb
1.90 Jan
94;
a37% a37%
42
Feb
Feb
10%
1,725
.
a9'A
47 %
Jan
52•
-
20
6%
Texas
Tide
.
10%
46%
(Un)
23'A Mar
1,350
-
10
Co
18% Jan
4%
_».l
25
&
Feb
46
a9%
Studebaker Corp (Un)_»i.
Swift
Jan
Jan
125
11
1
1
41%
*
Super Mold Corp
11%
Feb
811
a28 a28V2
a9%
Jan
44
a__
Feb
16'A
2.10
a28%
•
_i
_L_
Machinel
a33% a34%-
a33%
41%
(Un)—*
of
of
20
a3274 a32%
a32%
._
common__L—
Co
Marchanf Calculating
Martin
l'
A__25
ser
:
Inc
Co
Co
350
1,000
5
2.05
7
■_]
(Un)
Co
Magnavox
,_-_v
Co
460
-
56
a
Feb
■
10%
•
Leslie Salt Co ____!___
pfd
_„1
Oil
Oil
Co
00---^.---""—
Brands
Standard
Feb
110
17%
*10%
•
County Land Company,.—,
Jan
5
1
(Un).L.
12%
62%
all all%
•
>,
Corp
Feb
Jan
54%
55
.LI
(Un)_*
('Un)
10
1074
23'A
__33%c
of Canada
International Tel-<k Tel- com
Calif-Gas
Pacific
Corp
Valley
59
a40
1074
17%
Mines: Corp "(Un) __1
Independent Exploration
Sperry
35
COO y
•
20
Southern
Southern
796
42%
42%
a40
a
_„l
/.-__-22_____/yj;___6%
Jan
'
___»
__
Co
Johns-Manville
'
11%
60'A
Co___.£_:.__i:_____l
Car. Co,2
Maryland
Kern
3974
Jan
5974 U-
h
22
Corp—Li—
idahp
Kennecott
Feb
41%
3%
(Un)
Oil
Hudson' Motor
Hunt
36
108
lUn)
Development
Holly
925
10%
CO'A
•
Hawaiian
Hobbs
v
Tun7>
pfd
__
Jan
Mar
16%
•
16
24%
(Un)__*
50
! i,. 200
■
15
cam
y
7c
•
*
(Un)
19%
a36% a37V2
__
'_**
___:
a
6c
7c
•
Oil
Convertible
23'A
23'A
■.
•
(Un)_
non-cum
Corp
Feb
829
27%
—_I
Calif Edison Go
Preferred
13
1—100
preferred
Jan
36'A
Feb
24
35% Jan
28
23%
_1
4.32% preferred
t'.Conv pfd 4.48%
38
•
•'1
Jan
23%
28 % :.
(Un)-,*
Co
200
.
17%
;•
;
5%
24'A
a38% a367/a
;
24JA
aSQH^:
X
A
class
Co
•
*
10
Corp
Socony-Vacuum Oil
Soundview Pulp Co^
a42 a42%
59 7
—25
common—
Jan
-
'
3774
a42%~
10
_•
20
•
"
(Un)
,
General Motors.Corp
General Paint Corp
Jan
17'%
__
25
96
21 %
15%
__S3y3c
,v
Feb
25%
Feb
i 15%
__
50
Feb
135 y2
314
America
Cemdnt
Union
Southern
7%
108
27% Mar
52'A
51
gya
Signal Oil & Gas Co cl A
Sinclair Oil Corp (Un)^
Jan
39
;
Jan
51 %
101 »/2
__
.
12% Mar
1% Mar
50%
51%
9
Stores Inc_J
Maurico Mining_._w_
Shell.
Jaii
14%
.
Jan
Sears, Roebuck & Co
Jan
45%
Feb
12% Mar
33
108
27%
5%
Feb
35
•
108
a
42%
28%
Jan'
11^, Jan
•C
:
28%r Jan
Feb.
1%
l'A
.100
5
410
'
a. 12%L
al2%
-10
pfd__^
1
138
»
,__1
pfd
San
a45%
-7
Tele
Board
Jan
1,000
Feb
3%
Safeway
1761
.y .sv,;.
Fornsworth
Jan
Jan
3%
1-5
Fibre
12%
12%
20%
..10
(Un)
Feb
Feb
26
27 y2
(Un)
Aeronautical
9%
57/4
1.443
•
Roos Bros
Feb
9%
5'A
28
Manufacturing Co—
140
26'A
Jan
27%
(Un)
Co
Incorp
'.Riverside
'
.
Jan
23%
Republic Petroleum Co______—J
*
lio
(Uir)
32%
Feb
*
Republic Steel Corp (Un)
Reynolds Tobacco "B" (Un)__
202
'4% Mar
Jan
Feb
28
__
10
{230
35%
30 >/2
247
25
Jan
"
•
(Un)L.
Co
10
*
Feb
225
28'%
a27%
9'A >•: vu
1 5
4%
yASL.';1
331/2
31%
(Un)
(Un)
Inc
Corp
Ryan
Class
34%
•
Preferred
Mar
y~
34%
1
Jan
•"V 94
Hit
1,114
Feb
33%
Jan
28 y2
*
Jan
94
L_
317/b Mar
Railway Equipment & Realty com
Jan
Feb
9'A
;
Mar
Feb
30 y2
Jan
6
Feb
Feb
4274
'
Feb
307/8
"Rayonier
Jan
24%
5
preferred
Radio
Jan
8%
46
320
10'A r;
Jan
3% Mar
21% Mar
95
a457'a
10'A
35
535
17
94
Corp commqn
Curtiss1-Wright" Corp < Un
Jan
a21% a22 '/a
10Va
1
Preferred
Jan
"2%
35%
a44%
1
Amer Inc
Zellerbach
35%
III*
com
26'A
17
2,495
3%
26%
Co :;(Un)_15
Aircraft
3%
-
35%
70
16% al7Vs
a
.
;1■
•
Consolidated Chemical Ind class A_
Consolidated
;
II25
Edison
Consolidated
al7 Va
.__o
h
1,520
<Un)_
com
RR
'.
Commercial
4,876
18,156
__
100
Puget Sound Pulp & Timber
Pullman
Feb
si
10
Phelps Dodge Corp <Un)
Phillips Petroleum Co cap
Jan
Jan
5
13 Ve
31%
4%
31%
common
Airways
Co
'
Feb
•
12 % Mar
32(4
•
Pictures
Cola
4-
35
685
34%-
•
(Un)
com
Companies
Pennsylvania
83
31
_100
Paramount
Jan
Feb
31'%
*
Motor
Jan
13%
1
31%
common—
Cement
Tel
American
Paraffine
495
,
al7 Va al7%
*
Pan
33
12:
31%
.25
Preferred
Mar
30'/a
pfd
Service
&
29% Mar
5%
25
preferred
Pacific
Jan
Jan
25
preferred
1st
Mar
::
'
14%
95c
--
A__ -2 %
cl
Public
759
6
Corp
Pacific
Mar
2.65
25
___—
_^_
1st
Portland
a6
a23%
__10
i
common..
Light
$5
41c
Feb
:,"ff
redeemable
Pacific
4'%
Jan
14
Feb
2.05
317/s
____.
preferred
Pacific
1.25
a6
.2.50
Cities Service Co
Feb
]
Feb
4%
-25
common
i
preferred
Jan
315A
»
"loo
Corp
54
25% Mar
,
1
Jan '
15%
10 Ve Mar
400
all% all%
5
1st preferred
5%
Jan
1.25
25
(Un)
_
_
176
507
1st
1st
Packard
1
Chesapeake & Ohio Ry (Un)
Chicago Mil St Paul RR com
Mar
17'A Mar
60
Feb
23c
70
12 Va
i
5%
Jan
36%
Feb
12
Feb
Feb
15%
1,400
__
_5
w
Mar
9
-/
Canadian
w/i
common
6%
8% Mar
0%
"
:
25%
Mar
130
8%
•
common
23
Jan
17%
4,400
20
Aggregates
& Electric
Rights
New
5%%
25
*
California
Mar
Coast
Pac'Gas
y
Feb
25
1
Calaveras
Jan
23 %
2 >/2
Byron Jackson Co____
Jan
2.60
23 %
—
~
11
Feb
41
200
41c
2.30
a28% a29'/2
__
i,
♦
(Un)
10Va
25c
2.25
__
*
B__
Fisheries
American
Pacific
"
5
Sullivan
&
14%
1.95 Mar
2.20
a39% a39%
:V
—15
Borg-Warner Corp (Un)_
z;:8y/Feb
9%
2.00
2.10
5
(Un)
716
'*8,784
-iv
g
1
Jan
Jan
9 J/4
100
__
1
_
Filters
Sugar
Pacific
""
IIII2
Bishop Oil Co
Blair
Borden
31%
1.50
12%
1.50
1,040
al5
t
Bethlehem
Jan
1074 Mar
38
45'A
al4%
(Un_20
Corp ,____,____1
cap.__
(Un)_.
United
Onomea
Ltd
Petroleum
Oil
Ohio Oil Co
Jan
Jan
40
34'% "
31%
Sugar
Oceanic
Mar
31%
34 Va
Oahu
Jan
Occidental
200
200
10%
__
Mar
7'A
Feb
1.50
10%
(Un)
common
Oil
Northern Pacific
Mar
-.6
E%b
Mar
30c
30
a9'A
305
-y--5"
4%
North
Jan
1.50
___•
(Un)
Jan
102
20% Mar
5,100
11
-
Jan
102
..225
a6%r
a9Va
100
,
(Un)
:
31c
a:6:J/2
(Un)__ —100
A
Corp
5%
30c
—-13
Mining
Central
Y
N
7%
"8% Feb
.
101
207'b
.5%
•
3
(Un)
Ohio RR com
&
of
207 a
,Engine_^__.._2.50
__10P
Mining Co.
Baldwin Locomotive
Eendix
;
5
*
Park
New
7% Mar
North
;
100
(Un)_
Pe
7%
Diesel
Wedge
Mfg
(Un).*
(Un)
Imperial
"A\co
Santa
&
Corp
20
Bank_T
Arkansas Natural Gas Corp cl A
Armour & Co (111) (Un)
Lines
Pacific
Preferred
Western
Union
Inc
(Un)
Railroad
Co
l__
Teleg (Un)_
Wool worth (F W) tUn)_.
a5Va
com.—4
J
100
I."
>____'—10
a6ys
62
15%
50c
common
15%
100
a2538 a25%
60
afil % a61 Vb
-55
a
23%
a 24'A
60
44%
44%
365
6%
13'A Mar
a__
a__"
16
a
___
15 f4
Feb
44 3A
Jan
Jan
Jan
Jan
___
a__
15
47%
Feb
Jan
:
I
42
COMMERCIAL
THE
(1258)
&
FINANCIAL
LISTED
CANADIAN
RANGE FOR WEEK
Friday
/ ;7/:7 ■ 7■ '■
■j
Abltibli
:
1%
Shares
Range Since Jan. 1
Low
High
15%
14%
15%
3,757
$1.50 preferred
""20
19%
19%
19%
1,594
20
38
38
38
100
Acadia-Atlantic Sugar class A
|
*
•
Aluminum
Co
of Can
Amalgamated
4 %
pfd
Feb
245
1,001
45
54
Feb
25%
370
8%
8%
25
a45
a45
5
5%
6
845
__
25%
8
44%
Light,
6%
Oorp
4%%
•
common
preferred
Asbestos
_
■
24%
Jan
Jan
56
.
•
Jan
Jan
26%
8%
4%
Feb
47
Feb
■
Bralorne
Mines
10
68
Feb
76
290
23
Feb
26%
Brazilian
Trac
19%
40%
39%
40%
6,449
8.50
8.50
8.50
200
19
18%
19
2,899
13%
13%
13%
22%
22
22%
*
20%
Regent
Jan
British
Amer
British
American
Bank
&
Note
Oil
V>:
Power
Coi—__
common
Preferred
Mar
Forest
Jan
41%
8.50 Mar
9.40
Feb
19%
Feb
25
12
Jan
St
&
Co
Ltd
22
Feb
24%
24%
25
•
2%
2%
"2%
670
2%
Feb
25
25%
255
24%
Feb
a2%
a3
30
2%
Feb
24%
Power
Corp
A—*
cl
Class B
Bruck
—
Mills
Ltd class
A
15%.
15%
Class B
*
5
Building Products
• ■
Burrard Dry Dock Co Ltd class A_
•
28
<
15%
50
205
7%
7%
--
115
5
28
28-
725
5
7
$1.30
common
23% 7
Feb
25%
Canada/ Steamship
9%
3%
,
common
<
"77713
•
1-50
5% preferred
Canadian-Breweries
36 i
»
20%
Canadian Bronze common
20%
■
Jan
5%
Feb
8
30
13%
20%
21
13
35%
Jan
37%
Jan
20%
20% Mar
23%
Canadian Celanese
$1.75
14%
600
12%
Feb
14%
Jan
16
435
16
Feb
17
Jan
ZI25
series
7';
$1.00 series
21%».
:77^. ''
22
22
1,789
37%
37%
258
22
22
75
19%
Feb
37
Feb
21'A
Feb
Class
B
_
Canadian
al2
Foreign
preferred
—25
Canadian Ind Alcohol class A
a26%
•
Jan
39
>
22% Mar
13%
Mar
13
Feb
Feb
13%
Feb
26%
Jan
27%
707
16
■
of
■
26'A
Feb
28%
11%
10%
9%
9%
255
30
31
1,335
13
35
14
14%
1,843
13%
13%
96 %
103%
23
23
15%
16
525
•
Smelting. "lift
Glass
97
«
.
__
540
Jan
60
Jan
96
Feb
Jan
17%
Jan
a27
10
27
Jan
27
a26
15
25%
Jan
25%
Jan
7
225
6% Mar
9%
Jan
8
8
33
7
Feb
10
19%
20
75
19
Feb
22 %
12%
25
12% Mar
14%
a23% a23%
__
10
23
Feb
24
Mar
86
Jan
42%
Jan
80%
81
39%
__
'
•
•
•;
39%
50
80
>
200 '
•
39% Mar
Jan
Jan
Jan
;Jan
:
.
i
24:
24
24%
46%
23
2,232
Feb:
24%
Jan
'/ 48%
Jan
25
Jan
144;
Jan
'
46%
430
20
20
61
:142
142
60
'16
16
760
:
__
100
e:.
f
__
*
com
Jan
12%
__
50
__
•
common
16
•
Power
*
•
46'A
20
'
Feb
Mar
140-
Jan.'
15% Mar/
17%
18
18
136
17
Feb
2u
18
18'A
140
17%
Febf-
18%
6
6%
975
80
354
aHl%
a82
14
18-
common-
•
common;
_•
80!
25
a81%'
Canada
.*.
7.8%'
Jan
.Jan
preferred-
100
Corp
•
6
Jan
Jan
7%
78% Mar
83
15
83
Jan
16
78
14
Mar
16%
162
162
35
162
Jan
6%
6%
65
15
14%
15
225
25%
'
Jan
853-4
147
Cotton;-.
•'
Gooderham
Limited
Worts
Si
Electric
•
f'
common-
'1
preferred
i__l
100
common
1
__
'
6%
.
-
'
Jan
•
Feb
Feb
170
6% Mar-
Jan
.7%
Jan
16%
•,
preferred^";—
6$ preferred-
23
25
:—
147/a Mar.
25 "A Feb
-
Jan
Jan
25%
25%
28
28
28%
515 :
27
Feb
■/; 28%
; 34 Va
98
-98
98
80
98
Jan"
100
41
41
290
39
Feb
43
10 1
25%
Feb
25%
Jail
35
28
Feb
28%
Jan
__
615
■
a25% a25%
__
a28
Banks-—
a28a28%
''
Jan
Feb
:
Jan
;
.
Canadienne
10
__
Commerce
_10
Nova
10
Scotia
10
Royal
10
9
Jan
Mar
11%
20
769
20
Jan:
20%
Jan
22%
23
466
22%
Feb
24
Jail
26
26%
660
25%
Feb
265
34
Mar'
25
Jan
20
__
__
26%
34
35
25
__
25%-
25%
1,575.
-
26%
Jan
36
Jan
25%
Jan
Feb
36%
Jan
12%
Jan,
15
Feb
14
Feb
17%
Jan
12'A Mar
14%
Jan
4,605
96 % Mar
122%
Montreal Curb Market
Jan
28%
325
•
16%
Feb
Jan
9% Mar
9%
14
Feb
Feb
13%
Jan
7
__
•
com
Canada
Jan
Mar
42%
a26
7
;<"•
Canadian
Funds
Friday
—25
36% Mar
a27
__
__
99
Last
STOCKS—
75 7.
20
Feb
30
Jan
f'
Week's
Range
>
Sale Price
Par
.
Consumers
16%
63
146
Feb
95
97A
_
11
16%
16%
"
22% Mar
365
30%
*
_
Canadian Pacific Railway..
Cockshutt Plow
&
27'A
a26% a27%7
9%
•
_
Mining
8
13
Class B
Canadian Locomotive
Canadian Oil Companies.
Consolidated
10
27%
*
Investment
al2
al3% al3%
_
Canadian Cottons 6%
96
*
Montreal
Canadian Converters class A pfd— —20
48
10
Store
Zellers
-
13%
16
22
5%
1-'
12%
common
of
Winnipeg
5%
16
""20
1,125 v
860
1st preferred
Chemical
Co
Walker
Jan
12%
common
37%
375
1
preferred
Canada
United Steel
Jan
::
36'/a
Jan
51
common
Tuckett Tobacco 7%
Jan
■■
Mar
37
a96
*
7preferred
Feb
19
220
Jan
146
13%
49
Press Co
Wabasso
Mar
62
10
a96
1
4%
300
Jan
560
1,671
•
Canadian Car Si Foundry
Class A
9%
205
36
Jan
:*v>'
Feb
9%-Jan
A
50
63
146
13 %
,
Mills
Williams
Standard
Jan
26%
20%-
Mar
40
62 %
1
Breweries
Steel
Jan
Jan
13
40
39 %
*
—
Soutliain
Jan
33
Feb
20
Jan
Jan
17
Jan
23%
366
22
20%
50%
—25
Southern
28%
86
Jan
__
,*
common
Paper
preferred
Sicks
Jan
820
9%
350
50%
preferred
Series
Jan
9%
if
Jan
21 %
13%
common
Shawinigan Water & Power
Jan
29%
Canada< Northern Power Corp—__
173
Jan
3
26%
415
29%l
Jan
146
•
Flour
Lawrence
Sherwin
Jan
23 %. 24%-
20
172
*
.-:V% '
'
preferred
2
36%
—
Paper
Thrift
Canada Cement
172
21
„
100
preferred
2nd
Jan
27% Mar
7
23
,*
common.-
preferred
Lawrence
St
13% Mar
932
500
Feb
•
Jan
18%
24%
Products
Columbia
High
20
172
_L
Corp common
preferred
1st
T/o
Columbia
British
v
725
100
St Lawrence
Jan
Jan
Feb
25
British
Low
21
__
^
Co
Knitting
$1.60
Jan
38%
*
.
'
Light
Range Since Jan. 1
High
20'/a
__
*
common
Quebec Power
Jan
23
19%
480
Power com
preferred
2nd
19%
Limited
6%
a75
•
class A
Telephone
5% Mar
24%
25
Power Si Paper
&
Corp of Canada
Price Bros
Jan
Feb
24
24
20%
100
Tubes
River
Power
Jan
61%
a75
100
...
Corp
Bathurst
Bell
Ltd
!
preferred
Rolland
Argus
•
common
Heat
Ltd
Penmans
Powell
Feb
535
21%
Mills
preferred
Page-Hersey
Jan
38
56
25%
50
_
20%
22%
8%
*
Corp
4%% pfd
17%
Feb
Jan
49%
25%
29
.
Electric
Anglo-Can Tel Co
54%
Flour
Ottawa
Jan
Feb
19
47%
'
—
Ltd
14
37%
22%
•
Aluminium
Low
Shares
High
54%
_
_
Algoma Steel
of Prices
'
Ogilvie
$2.50 preferred
Power Si Paper common.—
Sales
for Weeki-
Range
i
Sale Price
Par
Sales
of Prices
Low
>'
STOCKS—
for Week
Par
Week's
Last
..
Fonda
Last
STOCKS—
MARKETS
ENDEI| MARCH 18
Exchange
Week's
Sale Price
Monday, March 21, 1949
Friday
Montreal Stock
Canadian
CHRONICLE
Low
Works
Glove
Atlas
Steels
Ltd-
Shares
Range Since Jan. 1
Low
High
Jan
Acme
' Sales
for Week
-
of Prices
*
11
10
11%
•
11
11
11%
High
10
Jan
11% Mar
10%
3,030
Feb
12%
'
Distillers
•
Seagrams
Dominion Bridge
Dominion Coal
16
*
6%
preferred
Dominion Dairies 5%
33%
preferred
35
—
33%
33%
20%
a22
20
18%
31%
-85
a22
15% Mar
Jan
35
Jan
20
1,033
20%
—25
Jan
Jan
21
Feb
22 V2 Mar
;
Ltd
Auto Fabrics
Bathurst
Products Co
Power
&
Glass
♦
common
Dominion Steel & Coal class B___
—25
16
a37 %
a38
90
34%
a38
34%
15%
16%
1,000
1,140
35%
Feb
31
Feb
'34%
Jan
15% Mar
17%
Jan
38
Jan
1%
Belgium
Hosiery
Glove
Common
Brand
*
common
Voting trust certificates-
24%
Red preferred
-23%
Dominion Textile
21
•
common—
11%
35
21%
Jan
&
24%
400
21%
Jan
25
Eddy Paper Co class
&
A preferred- —20
4%% red preferred
Co
Gatineau
21
21
.7,11;
11%
Power
_
...
_
*
common
21
150
1,832
10%
Feb
Feb
21%
12
Jan
Jan
Jan
British
Columbia
Class
B
Brown
4%
Lime
Hamilton
pfd
&
100
16
Feb
14%
Jan
15
Feb
14
Feb
15%
Jan
25
25%
100
24
Jan
27 7,
Jan
Canadian
25%
25
25%
487
23%
Feb
28%
Jan
inc
a97%
a98
30
98
Jan
98%
Jan
17
90
90
30
17%
160
105
106
85
104%
Jan
106
Feb
109%
Jan
110
Jan
15
Jan
70
14
14
14
100
al01%
85
al01%al01%
30
Jan
16% Mar
330
•
1
Bridee
Bridge
Howard Smith
50
_j
♦
__
15%
14
101%
Feb
90
17%
Mar
Jan
Jan
102 Va
a521/2a521/2
52
Jan
52%
Jan
14%
10
15%
240
15%
Feb
17
Jan
7
7
1
7
Mar
9%
Jan
27
28%
338
27
Mar
30%
Jan
a 45%
a45%
a46
17
45
Mar
46 %
Canada
Dominion
&
Canada
Starch
Co
44%
44%
45
1,205
44% Mar¬
56%
Jan
•
18
17%
18%
3,520
ie %
Feb
19%
Jan
common_5
13%
13%
13%
1,415
13% Mar
14%
Jan
& Smelting
Acceptance
Corp
7
27
25
*
common
International Bronze 6% preferred___25
international
Nickel of Canada
•
Canadian
Ingersol
Canadian
Inter
Paper
International
Petroleum
15
common—
International
Utilities
Ltd
25'A
25%
175
24%
Jan
25% Mar
20
20%
475
19%
Feb
21
a20
a20
5
20
Jan
22
Jan
31%
31%
32%
1,767
31%
Feb
36
51%
51%
53
2,125
48%
Feb
9%
9%.
Feb
58
Jan
914
9
Feb
12%
Jan
«
52
51%
54
225
50
Feb
59%
Jan
5
13%
13%
14%
200
13%
Feb
15%
Bros
19%
19%
20
65
23
Jan-
=»
A)
Ltd;
17
16%
17
925
16%
13%
13%
13%
300
13% Mar
9%
9%
550
9% Mar
•'
Class
Export
class
10%
10%
10%
14
10% Mar
25
—1
100'
'
5%
3%
3%
95
95%
107
20
3%
20%
490'
—
*
_5
Jan
1.15
Jan
Jan
15
12%
■
5% Mar
94
Jan
Jan
6%
4
Jan
23
Feb
/ Jan
103
3% Mar
2,325"
7
15%
16
308
20
19%
20 H
575
Light' & Power CoL——100
Marconi
Pr
5%
Jan
8%
Jan
Jan
19% Mar
22 :,
Jan
81
15
76
Mar
23
■
a3
-
17%
3
Jan
30
33
171
a
1.75
al.80
135
1.75
al.25
al.05
al.05
101
10%
17
*
alO%
—
a24
a
10%
Feb
33%
1.25 Mar
"
Jan
3%
Fetr
31
al.80
preferred
33
Feb
Feb
15% Mar
2
Ltd
Inv
a3
7
<
com—*
Company:
Paper
a77% a77%
_*
Ltd com___*
Canadian
&
18%
100
15%
•
Ltd
Co
Trust
7
•
Ltd
Canadian
Canadian
Silk
Vickers
TZc
Products
Ltd
class A_
—*
common
preferred
Canadian
Western
Lumber
a24
53
74
290
149153 %
260
a22
72
74
22 %
63%
Jan
2.00
Jan
Jan
2
Jan
11
Feb:
Jan
3%
3%
3%
3,275
51
51
52
50
100
Co_^
114
116
40
114
2
3%
Feb
24
Jan
Feb
79
■
7
Jan
153V2 Mar
Feb
137
153 1
—100
Canadian Westinghouse
Cassidy's Ltd
5%
7%
A_
*
.
B
Ltd—____*
Co
preferred—
Products Ltd common.:
Feb
3%
Feb
Feb'-
Preferred
Mar
Feb
34
Jan
Jan
15
Jan
Jan
60c
54
Jan
a30
al5
al5
2
35c
40c
2,791
100
a72
a72
36
common——*
3%
4
325
3% Mar
6
6
250
6
26%
;
Jan
116
15
30
a30
6
'
25c
*
*
com
51
Feb
—15
preferred
Claude Neon General Adv Ltd
Commercial
8%
Alcohol
Ltd
preferred
5
Litho
Mfg
Ltd
Co
Paper Corp Ltd-—:.
Textile
Cub Aircraft
Corp Ltd
Mills
5%
—
*
560
17
3,400
18%.
130
40C
16%
pfd—20
26%
16%
18%
*
Consolidated
Consolidated
19 % Mar
Jan
100
Jan
50c
2,900
42%
'
Jan
7%
Jan
6
"
Mar
26% Mar
30
Feb
15%
Feb1
18
Jan
18
Jan
19
Feb
80c
Jan
'
Feb
19%
Jan.
15
Feb'
♦
Corp
Ltd
7%
12%
•
100
common-.
a33
20%
20%
7%
Jan<
Mar
42
42
Feb'
25
7 10;
25
Jan
25
38
38
40
495
38
Jan
40
Dominion
♦
12%
12%
13
100
*
20
19%
20
2,3d7
20
16%
115
Jan
48
25
*
Engineering Works Ltd
Malting Co Ltd
:
Dominion
Woollens
Paper
Worsteds
&
Co Ltd
*
20
230
42
Jan;
Mar
12% Mar
13%
Jan
19%
20%
Jan
Jan
Jan
—
13%
60
150'
1,371
3,725
6% Mar
■
17% Mar
19%
Jan-
17%
22 %
Jan
Feb
12%
Feb
19
110:
17
Feb
a34"
55
33
Feb
35%
Jan
19%
Jan
23%
Jan
15
Esmond
Mills
Ltd
16% Mar
Jan
1,725
52
254
51
Jan
52% Mar
28%: 28%
132
28
Jan-
40
Jan
34% Mar
387/8
Feb
40'
35%
36%
1,125
16%
16%
16%
Feb
5
a75c
a75c
70
80c
Feb
Candy Shops Inc
Fleet Manufacturing Ltd
1
35%
35%.
55
35% Mar
1.75
1.90
4,100
1.70 Mar
•
21%
22'/a
510
20%
Feb
261'
14%
15
500
14%
Feb
16
Jan
77
38%
Feb<
40
/ Jan
Fairchild
Aircraft
preferred
;j.
Ltd-
Farmer
Fanny
Motor
Co
of
Canada
Great
Lakes
Class
Halifax
A
Paper
Co
class A
preferred
Ltd
_i.„
*'
Insurance Co
Investment
Lowney
10
Foundation
Co
Ltd
Ltd
common
(Walter
Preferred
National
42
125
Jan
42
Mar
674
75
6
Feb
8
Jan
MacLaren Power'& Paper Co-1
Maple Leaf Milling Co Ltd
z
11
11
525
11
Jan
11%
Jan
Massey-Harris Co Ltd 6%%
20%
conv
Steel Car Corp__
Niagara Wire Weaving
20%
290
20
Feb
23%
Jan
ff<t,*well
*
21
21
22
680
21
Jan
23
Febs
Noranda
McColl-Frontenac Oil 4%
*
51%
54'A
59
Jan
Melchers
6%
For
•
Ltd
footnotes
see
page
46.
2,190
51% Mar
a39%
1.25
Jan
36'%
Feb"
2%
Jan
Jan
a-39 a39%
200
10%
8% Mar
Jan
Jan
8%
pfd 20
8V*
8 % Mar
8%
!l4%
14%
255''
14% Mar
16%
36V2
36V2
100
36
9
9
50
8%
26%
__
,.
9
8'A
26%
195
26%
25
-
Feb*
Feb''
Feb
.
Jan"1
Jan..
39%. Jan
9
Jan
27%
Jan.
7
Feb
6%
Ltd
Distilleries
"■
9
__
pfd>—
52%
Mines
__
14%
6%
4i;
1.80"
common..4
5
Chemical
*'
com:
5
25
&
•'
■
19% Mar
21
52 '
36%
preferred
>
19
a33
40
.
Tramways
Breweries
Drug
12%
*
-
Montreal Locomotive
Montreal Telegraph
National
20
•
Molson Breweries Ltd__
National
6%
17%
19%
*
Oil—
Mitchell'-'(Robt)
Montreal
6%
17%
___*
common
Massey-Harris
McColl-Frontenac
6%
17%
19%
40c
Ford
Mailman
• '
9%
*
Dominion Oilcloth & Linoleum.—
Donnacona
MacMillan
Jan
Canadian
Dominion
Lewis
14%
Jan
•
Corp
Labatt (John) Ltd
Lang & Sons Ltd (John
Jan
51
Mar
ii
Jan'
20%
*
Power
International
Co
50c
15
common-.
Rand
Inv
Consolidated
International
95c
A—*
Sugar.
Ltd
Investments
Gen
Catelli Food
Indust
A
Jan
•
*
common
Imperial Oil Ltd
Imperial Tobacco of Canada
4% preferred
1,100 7
160
Mar
Marl
Jan-
50
Paper
$2.00 preferred
Hudson Bay Mining
Feb
Jan
Jan
16%
110
1927
5%
6%
15
Canadian Industries common
•
Alabastlne
Feb.?
Feb:
95c
;
—
305
110
_
9
5
4%
7—
—
975
II
common
160
75
•
5%
common-
15
100
;
17
9
100
207
■
5
Ltd
class
15
17%
160
9
__—___.
Company
Canadian
Gypsum
Packers
16%
100
160
—
A_______—"
14%
100
5
CanJ*
Vancouver
15
*
preferred
Goodyear Tire
16%
•7!
:
,
5% preferred
5Vs>% preferred
General Steel Wares
5%
__
preferred
class
of
a97 %
Corp
Foundation Co of Canada..
Fraser Co common
Gair
Ltd
25%
•
Canada
5
5
100
Co of
14%
*
Heating Products
Famous Players
preferred
—
Distill
Preferred
Enamel
5
25% Mar
24
*
24%
&
_—
Millen
&
Brewers
Dominion Tar & Chemical
*
•
B
B
22% Mar
Belding-Corticelli
Dominion
class
Jan
"
Ltd cl
Paper
740
Ltd
pfd
100/
10
__
al2
6%:
250
6
a95
a95
20
96
Feb'
97%
Feb:
al2
al2
149
12%
Jan
12%
Jan
Volume
Number 4787
169
& FINANCIAL, CHRONICLE
COMMERCIAL
THE
LISTED
CANADIAN
(1259)
MARKETS
RANGE FOR WEEK ENDED MARCH 18
'Friday-
Week's
Sale Price'
Par
IVJica
of
Canada. Ltd
Minnesota
Montreal
10
Ontario
Paper
Co—
1
%
-
68
Mount Royal Rice Mills Ltd
•
Scotia
Rights*
Nuclear
&
Pr
Ltd
*
Crush Ltd
N
C
part
Ltd
1st
'A
6%
Co
Ltd
pfd
of
Gas
■&;.
Mining
Jan'
29%
70
29 y4
Feb
29 y4, Feb,
v
100,
18
18
10
5%
Mar
20%
Jan
77c
433
5%
Jan
9% Jan.
8l/a Mar..
35
83c
73%
Mar
65
4000
Mar,
83o
400
9%
5
10%
Feb
110.
Jan
,
Feb
Jan;
6
Mar
20H
a20
alio
25
109
Jan
111
Mar
52
75
52
Mar
54
Feb
20
15t
Mar
-'
10%
13
i7y4
17 y4
17
18?
Jan
16% Mar
103
18%
Jan
Feb
Feb,
112%
111 '/a
Jan
41c
Jan
46c
Mar
10
8
Jan
10'
class
300
9
46c
25.909
a9%
a9%
9%
*
9%
Ltd
Jan
51
50
10
50
Mar
17%
17%
25
15
Jan
21;
Feb.
37 y4
37 y4
25
35%
Feb
37%
Jan
a50
*
_.
9%. Mar
Jan
a
Mines
Ltd,
•
31c
35c
31c
39c
31,800
2c
2c
2%c
1.040
6 %c
6'/2c
2,500
ey4c Mar
34c 39 %c
9,700
34c
65c
2y2c.Mar
6>/4c
Ashley Gold & Oil Minerals Ltd.
Base Metals Mining Corp Ltd
Larder
Bob'8
Yellowknife
Lake
Gold
39c
Mines
Mines
Ltd.
Mar
Jan
y. 3c
Bouzan
Jan
65c
Mar
7c
10,000
5c
3,000
3c
v.llc
Feb,.
3%c
Jan
Mar
•
Yellowknife
Anacon
Anglo
Anglo
•
Rouyn
Cheskirk
Mines
Chesterville
Argus
Corp
Ltd
Athona
Mines
Central
Cortez
Cadillac
Jan
Atlas Steels
_
Explorations
Ltd
Feb
4c
Dome Mine's Ltd
Duvay
Gold
Gold
Aubelle
Mines
2.50 Mar
Jan
Bagamac
of
Nova
of
16c
Jan
5o
Jan
6c
Mar
9c
Feb
15 V4
Jan
41,929
Mar
4'/4c
8,500
4c
6c
500
100
3,000
5,000
«
Eldona
EI
Sol
Gold
Gold
Fontana
Mines
Ltd...
Metals
Base
11c
Mines
Feb
17%
Mines
&
Beatty
Mines
class
Innes
A.
Hillcrest
Cons
3.45
Jan
2.45 Mar
9,500"
52 %c Mar
Telephone
7c
Jan
Jan
Blue
4o
3%c Jan
Feb-
7,000
11,000
7c
3,500
5%c
8c
200,300
a20c
10%
10%.
1,410
10% Mar
12 y2
Jan
10c
14c
2,956
9%c Feb
14c
Mar
9e
Jan,
Hudson-Rand Gold Mines Ltd
—
Uranium
Consol Gold
Joliet-Quebec
Co
9o.
5c
5y2c Mar
Feb
12c
Jan
Mar
9%c
Jan
a^_
a__
___'
—
41c
43c
9,800
41c
Feb
52c
3c
1,500
2c
Jan
3c
Feb
3%c
-.4 c
Jan
4c
22,500
3c
Jan
35c
35c
6,000
35c
Mar
14%
14%
400
4.90
_
Mines
Mining
Lake
Rowan
Lake
Shore
Lamaque
&
Explor
Mines
14%
„
Ltd.
Ltd
Mines
Gold
Co
5.00
400
8c
12%
400
5.86
5,85
5.85
...
Kirkland
Ribbon
Bobjo
Macdonald
Madsen
Mines
Red
4%c
1,000
4c
19c
Mining
Corp
Nechi
New
of
Ltd
Canada
Cons
Dredging
Calumet
Mines
Ltd
Normetal
Norpick
Gold
Corp
Mines
Pandora
Cadallic
Pend-Oreille
Boycon
Jan
lie
Jan
140
Feb
9c
11 %c
Jan
18C 21 %c
33,200
Mining
Co
Ltd..
Mines
Quebec
Manganese
Mines
Quebec
Ltd
4%c
Mar
4c
6'/2c
Mines
Mar
45c
Jan
Mar
70c
Jan
2.75
100
56
Jan
51
2.75
Jan
10
Mar
10
a78c
1.65
500
62c
8,100
58c
16c
1,500
16c
2.80
400
,
1,200
76c
56
Jan
Mar
12 Va
Feb
Jan
84c
Feb
1.65
Santiago
Co
9c
33,000
1.60
200
4c
4.50
200
4c
11,500
.
Mar
3'-
41c
Ltd.'
50c
British
Light & Pwr
American
Sullivan
Columbia
Oil
4%
Forest
Dominion
Broulan
pfd
Bruck
Mills
Class
Products
Mines
United
Asbestos
class
class
Oil
Jan
Buffalo
A
Homestead
9c
Mar
4'/2c
34c
2,000
Decalta
Oils
Corp
Ltd
4c
1,000
14%
225
4c
14
^
Oil
Home
New
Pacalta
Oils
Pan
Western
Oils
Brazeau
43 %c
.
For
9c
67c
8c-
7l/2 Mar
20c
Mai-
33c
18,000
10c
Mar
16c
Jan
51%
Feb
48%
25
48% Mai-
4,700
11%c Mar
13o
2,258
11c
Feb;
16c
Jan
Mar
15o
Jan
Feb
Jan
40
3,500
Feb
3c
Feb
5%c
9,982
%C 43 %c
11c
3,000
12c,
3V2c
18c
26c
Feb
44c
8.75
8.60
8.80
1.10
22,225
9
8.60 Mar^
1,170
1.00
500
45c
8%
Jan
Feb
9.50
1.25
Mar
Feb
Jan
Mar
9
Jan
19
2,241
18 Va
Feb
19 y2
6c
7%c
32,000
5%c
Feb
7%c Mar
18%
19-
6C
22
22%
795
22
24%
25
250
24%
88
22
89
2%.
89
50
i
2%
2%
2,700
88
Mar
24%
Jan
Feb
25%
Jan
Mar
90 y4
2%
Feb
Jan
Jan
3
Jan
13
11%
115
11
Mar
25%
25%
121
25
Feb
26 y2
Jan
2%
2%
100
Feb
3%
Jan
28c
30c
28,000
27c
Feb
37c
Feb
32o
33c
2,600
32c
Jan
37c
Jan
17
Jan
11
280
2%
11c
700
10c.
11c
2.10
2.25
1,700
14c
16c
19,800
6%C
7c
9,700
•
1
6 y2c
•
28%
*
4'/2c
Lake
*
Hill
Co
&
class B
&
Jan
Feb
Jan
Feb
14c
Jan
14c
Jan
7c
Jan
2.03 Mar
30c
2.15
2.57
Feb•
Jan
42c
32c
A
53c
Jan-
7c
1,000
8c
9,100
1.45 Mar
1.90
■
—
1.21
4,900
1.11 Mar
1.21 Mar-
35c 39
%c
41,100
28c
Feb
63c
90c
255,800
53c
Mar
11%
12
1,795
20c
•
,
20C
-
10 y4
17c
3,000
footnotes see page 46.
>
4.10
2,150
30c
8c
9%c
2,200
24c
1.55 '
500.
73c
1.28
Jan
15
Jan
36c
29c
Feb
Jan
8c
18c
1.51
—
10%
1.45
;
90c
Jan
Jan
36y2c
Jan
10%
11%
v
—
12c
18c
Mar
32c
8,750
89 y2c
Feb
1,000
,
Mar
90c
Mar
9.70
3,055
12c
3,500
2.32
500
•
Feb
8c
2.32
19C
Jan
3,000
"90C.
19c
i
6.00
6.00
6.10
:
—
15c
15c
10c
2,10
:•
3,000
425
33
Jan
4>/2c
Jan
Jan
14 y4
16 y8
100
16
Mar
17%
Feb
7%
100
Jan
8y4
Jan
Jan
7
Feb
13c
,
5.90
Jan
4.90
4,000
Feb
6.60
6c
6y8o,
3,000
6c
Feb
8MiC Jan
40m
2,500
38c
Feb
54c
Campbell' Red Lake
1
Cement
Canada
Foundries
3.25
3.10
3.45
4.30
2.70
7,670
Jan
23%
Feb
Feb
Canada
15c
26 y2
24
24%
89
27
27
100
27
Mar
28
Jan
Machinery
*
6
160
6
Feb
6
% Mar
♦
43
Mar
50
Jan
common
class
A
Northern
Power
—
»
188%
6,
46
46
40
9%
9%
185
10
Mar
7
188
Feb
192
Jan
13
Mar
13%
35%
36
165
35%
Jan
37 y4 Mar
25
22
20%
22
120
20
Jan
22 v Mar
25
25%
23
22%
20 V*
preferred
20
Breweries
•
•
Conv preferred
Canadian Car
Class
*
common
A
Canadian
15%
Jan
Feb
24
Jan
19%
Jan
20%
Jan
21%
22
*
22
38
Canadian
12%
Feb
14%
Jan
15% Mar
19%
Class
Indus
460
17
Jan
Feb
22 y4
Jan
36%
Jan
39
Jan
23%
Feb
28%
Jan
7% Mar
Alco
"A"
voting-
9%
9%
10%
1,455
9%
9%
100
30%
30%
31
185
■
»■
*
*
*
Feb
13%
Jan
Canadian
Feb
14c
Jan
Feb
3.00
Jan
Canadian Pacific
Feb
Canadian
Utilities preferred
Feb
Canadian
Wirebound class
Jan
Cariboo Gold
Cos
preferred
70c
•
common
25
Railway
A
_
_
7%.
70c 70 %c
13
8%
13
%
Jan
75
15
Mar
9% Mar
14
--
22c
*
1
250'
Jan
36%
Jan
79c
Jan
12%
5,875
11%
Feb
Feb
Jan
15%
Feb
143
10
142
Feb
4.954
14
Feb
99%
Jan
23
Feb
1.15
101
24%;
1.25
40
30
300
'Jan
9% Mar
14%
24%
1.15
Feb
11%
66c
14
100
.100
77
28%
143
.100
_
.
105
300
75
...
Oil
.
25
75
■
B
38
7%
Malartic
6.70
Jan,
*
common
Preferred
Canadian
37
25
Products
Locomotive
21c
Feb
18
50.
100
Food
Canadian
Feb
18
25
Feb
608
16%
Feb
Feb
15
645
i3y4
16
15
24
380
15%
12%
Jan
240
165
24%,
12%
Feb
24%
22%
16
24
15%
25
common
Canadian
Jan>
15%
24
27
125
910
1,106
23%.
20 V*
15%
20
Celanese
Jan
13%
35%
*
10
Canadian
14 y4
50
.
Varnish
9V4 Feb
188% 188'/2
85
Steamship Lines
Preferred
Canada
9%
100
Permanent Mortgage
Mar
Mar
Jan
*
*
Canadian
Canada
8%
Jan
3.75 Mar
Malting Sh Warr_.
Canada
90c
1.55 Mar
Jan
40c
4.65
*
3,500
Jan,
Jan!
12%
28
1,500
'
Feb
5.30
"
10c
*
3.75
20c
9%c
1
*
Flon
Canadian-Dredge
30c
•
Ltd
3.85
Jan
3'/2c Mar
4%c
13 y4
105
28%
13 y8
7%
Jan
Jan
3.05
*
Edmonton
Jan
1.14
*
new. common.
Mar
6'/2c Mar
Jan
1.57
.
Ltd
14c
Jan
5%
24c
670
28
3%c
16
mmm*
•
Jan
7c
_*
•
1.92
Feb
Mar
Jan
1.48
3.85
;
4%
14c
Feb
Ffeb
9,000 :
20
29,100
Canadian
Jan'
SVbc Mar
16,200
15% Feb
50
16
16c
Red
class
Jan.
Mar
20c
»
l
Feb,
19,500
1.10
Buffalo
Burrard
7c
25c
!
Ltd
Petroleum
5
400
22c
3c
*
16%
45c
*
_
Royalite Oil Co Ltd
Jan
5%
Burns
Mar
12
*
Co
Jan
41YB
16
Jan
1.15
__1
ord_:
Co Ltd
Pacific Petroleums
South
Ltd
11c
Jan
14c
*
Mar
3,193
*
Ltd
Petroleums
Feb
38%
5%
Bunker
4.50 Mar-
Mar
26.000
l
i
Gaspe Oil Ventures Ltd
General
5c
5,005
14 %c Mar
4'/2c Mar
47c
*
Ltd.
Co
5,000
140,
Burlington Steel
136
Jan
85c
Oil
6c
5%
Jan
3.70
4.50 Mar
25c
;
Consol
Feb
40'/8
12c
11
_1
-
.
Dev
Mar
7%
__
*
Oils
3,440
35 %c
&
16
45
15
40'
11c
Buffalo
Flin
32c
■
;
Oil
Jan
Jan
Mar
50
1
Ankerite
Calmont
2.25
'
Coghlan Mines Ltd
Dominion
65o
95
11 %c 12 %c
12 %C
25 y2
_•
-
Preferred
British
Mar
16.
48 Mi
~
*
Feb
1.55
Ltd
Co
33c
42
10c 10 %c
10 %c
*
A
A
22c
Oil Stocks—
Oil
50,800
*
Callinan
32c
Corp
Anglo-Canadian
Jan
40c
20c
1
class
Calgary
47c
Waite Amulet Mines Ltd..
Wiltsey
37
6
•
B
Jan
25c
Ltd...
Trebor
Jan,
Jan
21c
100
Porcupine
Jan
2.03
Ltd.
Ltd..
Mines
Jan,
36
35%
5%c
20
Torbrit
26%
34% Mar
730
39%
•
Jan
2.08
Ltd
Mines
25%
440
40%
•
common
Elec
1
Class B
1.95
4(000.
8%c
9%c,
Ltd...
Mines
Gold
Cons
Feb
360
33c
*
Standard
Jan
36
—25
Columbia
3.75
32c
(1944)
270
16
•
com
Preferred
7%c
5c,
lie
_50
Mines
Mines
Jan
40
1
British
Jan
4c
I„_
Gold Mines Ltd
Stadacona
Jan
17C
35
'
Feb
14
Sherritt-Gordon' Mines Ltd
Siscoe
Feb*
26%
'
1
.
Red" Lake
Brewis
Mar
3.55
500
434c
4'/2c
4c
.
Sladen-Malartic
3.65
Jan
2.32
^
Mar
1.60
13,500
4%c
...
Ltd
Mines
38e
26
Brantford Cordage common._____.___*
eanada
Mines
Jan,
3.15 Mar
1,000
:
75c
Mar
2.45 Mar
9,300
.
a2.00
46c
Ltd.
Mining Corp Ltd
Gold
16C
Jan
19c
4 %C
Mines
Rochette
8M1C Mar
1,055
35%
39o
•;
Power
40c
9c 11 %c
9%c
2...
Yellowknife Gold
-
34%
36
_*::
Packers
100
4c
Development.....
Quemont
3.15
26
1
—
Columbia
6,100
a2.00
Ltd
Labrador
3.25
18C 19 %c
1
Bralorne
Canada
Gold
9c
18c
3.13
_1
Brand &.Millen class A
Columbia
55,400
4.50
Quebec
Jan
65c
Jan
1,500
1,500
•
British
50c
1.60
Mines
Mines
Pitt
16c
94c
13c
1
_
British
5.85 Mar
2.75
10%c 12 %c
—
Gold
Mar,
Mar
12c
Pershing
Feb
13%
Jan
5.85 Mar
2.45
2.68
Ltd
Porcupine
Jan
11c
13c
„_50
Bordulac
Mar
11%
58c
Dredging Ltd
Piccadilly
9%c
12%
0
—
8c
6%c Jan
■
16c
Ltd..
Gold
Jan
5%c Mar
Jan
10
O'Brien Gold Mines Ltd.
Pato Cons Gold
8,500
13%
Feb
_
;1
6-25
1.65
Mines Ltd.
Mining
7%c
..
_
Jan
a75c
Ltd
Ltd
62c
Gold
6c
Jan
10% Mai-
10%
..
Jan
26c
,
56-
Mines
Marlon
30
10;
Building. Products
New Jason
New
12
Jan,
Mar
1,410
25
preferred
53c
40c
Mines
Mines
2,500
12
17c.
14%C
3,000
Buffs.dlson Gold
Mclntyre-Porcupine
Jan
8c,. Jan,.
11%
1
15%
2.75
19c
41c
Gold
8c
.
Ltd
Ltd
Lake
2,500
*
.
.
Gold.
Corp
Mines
British
Goldfields
5%
13c
•'
Lingside Gold Mines Ltd....
Louvicourt
Jan
6%
11
_
4.90 Mar
200
8c
Ltd....
23c
65c
-
Feb
14%
1,600
12%
Ltd
Mines
Jan?
9%c.
1
_
British
Labrador
Ltd
505
7%C
Jan
3c
3%c
Ltd
Gold
13 %c Mar
37c
Feb
4%c
Feb
3C
Ltd
Ltd
Mines
Addison
Mining
Mines
Mines
7,500
G
1
__
Brazilian Traction
International
Lake
5j/2c
400
16c
JanMar
Feb.
22 %c
Jan
<c
10%
16,200
8,050
10,000
Boymar
Ltd..
5c
_
.
__
Gold
Bldgood
ll%c
Mar
5Vec
Bevcourt
78c
a20c
Mines
37c
12c
Beaulieu; Yellowknife
6V2C
Gold
8.75
70c
*
Bell
9c
Collieries
Hollinger
10%
115
....
Feb
«c
8c
8.75 Mar
Jan
5.30
Jan
5%0
Ltd__.
Jam
Feb
34c
-.10
Bros
Feb
9c
Ltd
68c
6%C'
*'
25o
7c
Ltd
Goidvue
Kerr
9,000
3,500
Mar
3.70
lie-
Mining
Bonetal Gcl<*
Goldbeam
J-M
8 Va c
31c
24,975
llo
10
16%c
19 %c Mar
5,500
3j/2c' 3'/2c
Ltd.
Formaque Gold Mines Ltd..
Jack
56c
7c
7%c
(1945)
2.75
%c
52
Mines Ltd
Mines
Goldora
2.45
2.70
Mines Ltd
42,200
Jan
10c
20c
38c
4.15
9%c
1
_
Scotia
Bertram & Sons class B_
East Sullivan
31c
3.85
65c
.
Toronto
11c
16%
Jan
_1
..
__
Montreal
of
Bank
10c
16%
.
_
-
Bank
Jan
19 %c
20o
1
Mines
Feb
25c
ll%cll%c
Feb
14c
1
Feb
15,800
16%
11 %c
11%
..
_
....
2.75
400
31c
19 %C
20,600
—
1
37 %o
2.50
6c
Ltd.
Jan;
15c
Jan
10c
Mar
27c
Ltd...
Jan
38c
11c
-1
.
...
Gold
39c
Feb,
4c
...
Mines
Mines
Jan
18c
Mar
Feb
...10
Aumaque Gold
Nickel Mines Ltd.
Dulama
A._
Atlas; Yellowknife
Bates
Denison
26¥4
Jan
34c
7%o Jan
.
Jan
...
25%
12%c
9%c
__
Feb
10c
Ltd"
Mar
525
■■.
16c
2.50
Mines
Jan;
6
_____
25o
5c
Jan
61%
1,000
—
_
(1937)
Oil
Bank
Consol
_
Ashley Gold & Oil
Mar
31c
...
Astoria
_
Ashdown Hardware
Mar
4,000
56
8,053
-
.1
_
6c
6c
Feb
Feb
17c
•
_
12c
5c
45
-
34o
370
•
common
_
2,000
11c
Jan?
54
-
4%c
1
__1
21,000
20,200
Jan
80c
25%
'
3.85
.
Mines
Area
12c
Ltd
Mines
Consolidated
35c
•
Oil
Mines
9%c
13 %c 14 %c
14'/2c
Feb;
9%
Jan
12 %c
1
Apex Consol Resources
Aunor
Candeko, Gold Mines
8% Mar
61c
34c
—
_
Lead
Canadian
6c
7c
Jan
8c
15c
..._1
*
American
12c
...
_
y
.
5c
3%c
7c
Mines .Ltd
5c
13,500
5c
...
Gold Mines Ltd
i"
620
25%
103
Feb
6y4cMar
5%c
5c
Ltd
Bonville Gold Mines Ltd
Bordulac
56
25%
—25
;
Mines
Nepheline
Atlantic
Beaulieu
54%
Mar
5%C Vfar-
330
54%
Jan
295
49
25
100%
3,000
47%
20 y4. Jan
21%* Jan
12,500
9
Jan
17
8.75
Amalgamated
American
Arjon Gold
Ltd.
20
Gc
74c
--
Canada pfd:
Feb
70c
'•
of
i9y«
8%
*
Co
1,255
350
8%
■W
_
Ltd?
Feb
19 %>
1
High
1,952
22%
5%c
* 1
Akaitcho
Aluminium
Range Since Jan. 1
Low
14
f
100 y4100%
--
Agnew-Surpass
Algoma- Steel
15%
22%
*
Yellowknife.
Shares
19%
-
Ltd
Stocks—
Mines
Arno
19%-.
22%
100
______
Oil
&
Gas
Armistice
Anacon
14%
•
A—
Preferred
Acme
15 y4
preferred-—... —20.
$1.50
Acadia-Atlantic
for Week
of Prices
>
Low^ High
#
Paper common—
Mar
44c
*
Jan
Jan
17
120
112% 112 y4
45c
15.%
10%
12%
40.
175
16%
Feb
10 y2 Mar
150
10 Va
&
Salea
Itatre
Sale Price
Par.
Power
Aluminum
12%
Wnek'a
-
Last
STOCKS—
Mar
52
*
•
Canada
Products
30
a20
United Fuel Investment class A pfd..50
United Securities Ltd
:__100
Westeel
Jan
al09
100
Paving & Materials Ltd
V
Union
30'1
52
*
Pr
Invest
;
■
Ltd
Canada
100
al09
50
17
Standard
30
10
.'
com—*
pfdi.___100
preferred...
Russell
Southern
Jan
18
13
Southmont
22 y4
77c
v.
Quebec Pulp & Paper 7% red pfd_.100
Quebec Tel,Corp class A.;
_*
Reitmans (Can) Ltd 5% red
pfd—20
Industries
Feb
8%
10
•
2nd
Feb-.
18%
68
__
83c
Corp of Can 6%
*'.6%
Friday
Jan.
50c
8%
*
common:
Manufacturing Co
Power
1.10
310»
H30
50c
67
.
__—_
Enterprises
Orange
Paton
Lt
29%
—
Canadian Fonda
High,
Low
19%
30.
__
| Toronto Stock Exchange
Range Since Jan. 1
Shares
Abitibl
Moore Corporation Ltd
Nova
19
—
'
High
50c
5
'———30
preferred
for Week
of Prices
Low
'Refrig, &. Storage Ltd com....*
'
1st
&
Sales
Range
Last
STOCKS—
1.15 Mar
150
17 %,
102
25.
1.50
Feb
Jan
Feb
Jan
Jan
43
44
(1260)
&
COMMERCIAL
THE
RANGE FOR WEEK
Friday
'
;\ vr
~
"
•
Range
.
Sale Price
Par
,
Salesj
Week's
Last
STOCKS—
Low
>
...
of Prices
sy
"
Jan
1.60
1.65
1.05
1.03
1.10
6,700
1
1.33
1.30
1.35
2,900
1.24
i'_
1
18c
17 Vic
19c
8,600
14%c
L.1———
1
1_
7c
7c
9,000
Central
Patricia
Central
Porcupine
Gold
Mines
90c
1.73
Jan
1.65
Jan
1.45
Jan
Jan'
Feb
21c
Feb
Gordon
Mackay class A
Graham
Bousquet
Steel
preferred •
Chateau-Gai Wines —i—
Chemical Reseaf<ih
Cheskirk
l_
•'
__-rJ_7_^
9y»
(_1
'.2
Mines'
Chesterville
-10'
-
!
Mines
i
—J-
9
6c
6%
9%
6c.
8
13c
13c
Great
Lakes
Great
West
18
250
i-.;;
Guayana
Paper
Coal
Gulf
Lead
*
__
Lime
Circle
Bar
Citralam
class
Knitting
*'■
A—L
Malartic
y_
Feb
Halcrow
Halliwell
18%c
Jan
Jan
1.75
18
1
Cocnenour
—
3c
3%c
15,000
3c
25c
500
25c
Willans
Cochrane
1
Dunlop
2.24
Cocksliutt
2.30
2.35
3,950
preferred———-—25'
L_
24
100
13
Plow
24
14
1,135
Coiomac
1
•—
Collingwood
Terminal
preferred
Commonwealth
Petroleum
20c
__
*
9
1
Yellowknife '
5c
21c
9
'
*
Rock
Jan
Harker
14%
Jan
24c
Jan
Mar
5c
Mar
;.;r ' 9
Feb
...
7c
consolidated
Bakeries
Consolidated
Beattie
•
:
1.24
Jan
72c
1,700
67c
Mar
33c
69,360
23c
Jan
38c
Feb
IOV2
64c
Consolidated Duquesne
Consolidated Homestead Oil—
8
8%
49c
52c
7,307
49c
Mar
10c
10c
12c
4,000
10c
Mar
1
44c
40c
50c
2,999
40c
8c
9!ac
22,200
8c
14c
5,610
13c
65c
Mar
13c
18c
Mar
8c
*
Smelting
735
14c
•'
'
Consolidated Lebel O10—
Consolidated Mining &
8
8
50c
1
;
16
Jan
18Jan
16y»
300
'16
Feb
4
115
4
Mar
60c
1,010
58c
Feb
40c
Mar
65c
19c
Mar
25c
45c
4,550
20c
1,800
15%
430
4%c
5 '/aC
4,000
23/k«
2,000
3.65
400
Feb
5
97
96'A 103 \\
4,660
100
8'%
120
8 % Mar
2c-
__
3.50
__
8%.
_1.
Mines
13%
1
13%
19c
Exploration
Bit
150%
148 % 150.%
86
Jan
4>,8C
Jan
7'/8C
Feb-
2c
Jan
3c
Jan
4.50
Jan
50
20c
10,200
10
1,192
8c
1,500
7V'2c Mar
8c
13
Feb
15c
Croinor
Crown
Pershing
Trust
Crow's Nest
Crowshore
Cub
1
Geld
.1
1
Gold
—
.1
1
1
!
Gold
100
Coal
1
Aircraft
Headway Red Lake
1,500
6%c Mar
10c
Jan
3,600
54c
83c
Jan
1
Hedley
1
4c
4c
1,000
40c
11,100
8c
10c
7,800
63c
63c
500
:■
Mar
Mascot
Heva Gold
Mines
33c
35c
3'/2c
Feb
8c
Feb
"
33c
Mar
59t
"Feb
1
Jan
Highridge
*
Jan
Highwood Sarcee
0
Jan
Holden
«
Mining
—
3c
Mar
13 y2c
Jan
1
58c
Jan
65c
Jan
6%c
Mfg class B
Hollinger Consol
Homer
-1
5
10%
10%
9 %C
5
.0
5
7VaC
9%c
"
Jan
9%c
Jan
Feb
13c
10%
Jan
9,000
6c
1,500
8%c
25
.
6,580
148
123
Jan
152%
% Mar
.
5
Mar
10%
Feb
6c
Jan
Yellowknife
Hosco
Gold
Mines—
Howard Smith
6c
.1
1
6 %c
3,000
24c 25 %c
24c
21,500
19%c
D'Aragon
Davies
Paper
28
28
30c
30c
30%c
"
common.:
--
:
so y
4,400
Davis
Decalta
,
Mines
9%c
Oils
Ltd
Delnlte Mines
•
:
Mar
30
Jan
30
Mar
35c
Jan
28c
Mar
Jan
Hoyle Mining
*
57/tt
250
' 6
Feb
45%
44%
45'/a
3,020
44%
6,000
22c
Jan
30c
Jan
Hudson Bay Mining & Smelting
Hugh Malartic
•
22c
1
3 y2c
3%c
334C
3,000
3%c Mar
Ltd
*>
6%
7
180
6'/2 Mar
43c
850
40c
Feb
52c
Jan
Huron
&
115
13
47
150
6,600
3,300
50c
8%c
8'/4
.J*
1.11
Feb
5%
115
Jan
>.
115
Mar
class
Erie
A
—
Detta
Dexter
Red
17y2c
-Discovery
23c
1.25
7c
.
7%c,
10V2c
43c
41c
1
45c
45c
Jan
Mar
7%
9%
Feb
Mar
33c
4%
Indian
Feb
Ingersoll Machine class
Lake
1.48
Jan
6%cMar
Feb
Jan
15c
27c
17,500
985
•
16c
Ltd.—
Feb
46c
Mar
65c
Jan
(John)
Inspiration
Feb
common
Preferred
2
Foundry
&
20c
Dominion
Jan
18'/a
Jan
16c
10,500
32c
15% Mar
35c
Malting preferred
Feb
Scottish
Steel
—100
Investment
&
Coal
11 %
Mar
com—IT
class
B
Jan
18
Jan
Jack
26
Jan
25
8V4
45
S'/s
22
85
39
9
25 Va
Mar
Feb
325
Mar
Jan
15
16%
14 »/4
10% Mar
100% Mar
4
25
900
Tar
&
21%
Chemical
Preferred
1
common..."
21%
24'4
100
5
17%
Feb
20
21
21
22
24V2
„
23%
„_
•
common
21
210
21
Mines
1
Mines
Ltd
50c
*
Jan
Jan
Feb
24
1
50c 5l%c
25
Jail
22
Feb
Mar
11
19c
21c
12c
Mar
65 %c
Crest
East
Leduo
Oil
•
East
Malartic
Mines
Sullivan
Mines
7c
8c
26c
Oil
East
Eastern
7c
26c
29c
Waite
Co
Mar
25c
Feb
17c
Jan
Jan
8,000
7c
M
J
1
22 %
22%
Kayrand
Kelore
*
Famous
Fanny
Farmer
Federal Grain
Kirkland
Golden
Fibre
Ltd
Labatt
26c
Jan
Lake
(A
Frobisher
Gatineau
5%
Feb
Lake
Lake
Shore
Wasa
Mining
16%
32c33Vac
50 %c
140
17
Jan
Lu
,41c
Jan
Luz
9c
4,500
8c
Mar
12c
Jan
41c
Feb
60c
Jan
Lapa
3.95
3.90
4.10
3,405
3.90 Mar
14%
1434
15
635
137's Mar
35%
36
220
5y2
514
125
109
112
75
5M>c
5'/2c
1,000
*
9
9%
«
73,^
7s;,
50
36
51%
.
__
35
4.50
16
Jan
37
5% Mar
109
7%
116
Mar
7c
5y4c Jan
9
Steel
Wares
Goldale
class
A___
150
16
22
21%
22
535
10c
3,000
lOc
88
88
1.70 Mar
Jan
Jan
"U"
2.35
2.49
Lawson
1714
16'/2
17%
23c
Mar
13o
Feb
Mar
15%
Jan
5c
.
106
105
105
5,300
13c 13VaC
6,000
1.10
1.28
31,750
46c
7,850
4
Jan
Little
Mar
17
Jan
Loblaw
Feb
26
Mines
11c
Jan
88
2.05
Jan
16% Mar
Feb
Mar
Jan
Lynx
17%
Jan
Macassa
Mines
Mines
MacDonald
__
I4y8
14'/8
45
102
102
70
500
64c
65c
5,800
40c
43c
8,500
15c
16c
llcll%c
40c
'
11c
4!4c
4'4c
16y2 Mar
17% Mar
Jan
12c
Feb
10%
Jan
13%
Feb
Jan
48c
Feb
2.10
2.25
1,720
2.10 Mar
2.45
Jan
6.00
700
5.80 Mar
6.30
Jan
200
I6 V2 Mar
14
15%
101%
Feb
—1%.
For footnotes see page
46,
if
—
43ic
Feb
102
Feb
MacMillan
4c
Mar
19
Jan:
5%c
Jan
5%c Mar
12c
4c
2,000
3V4c Mar
4y»c Jan
15
450
14'/2
15%
18%
Jan
Jan
Jan
25
18% Mar
10
50
10
75c
1,200
1.14
1.13
1.17
1,800
9c
9c
1,500
75c 80 %c
3,100
29%
145
10
75c
1.12
Mar
Feb
Jan
19%
10
86c
1.20
Feb
Mar
Jan
Jan
12c
Feb
Mar
1.08
Jan
Feb
31»/2
Jan
7c
Jan
4.75
29%
29%
70c
28
19
28
2.9
%c
18c
26c
■
558
48,850
28 V'a
27
Mar
29
Jan
18c
Mar
45c
Jan
Jan
15c
14c
15c
1,500
10 %c
Jan
15c
13c
13c
14c
2,500
12c
Mar
16c
Jan
2.25
1,481
2.50
Jan
2.10
Jan
Mar
49c
20,650
10c lO'/aC
8,900
9c
Feb
25c
29c
3,700
22c
Mar
99c
1.05
class
5,300
93c
Jan
1
Mines
Jan
ioy4c
Jan
2y4c
Jan
3%c
Feb
74'/2c
Jan
Malartic
40c
Mar
56c
Jan
Manitoba
&
4,100
15c
Mar
19 %c
Feb
Manitoba
Sugar preferred
5,500
10c
Jan
16c
Jan
Maple
8,000
4%c
Feb
5%c
Feb
Marcus
41c
9%
93a
495
9% Mar
6%
6%
6 V'a
125
6 Vs Mar
1
2.76
2.65
2.76
6,720
74c
Jan
13%c Jan
34c
1.20
10
Jan
Jan
Jan
7%
Jan
2.85
Feb
Jan
62c
41c
—•
L_*
A
8c
Class
B
Madsen
Red
Lake
Gold
Mines
: 2.25
10,500
2.02
Jan
2.35
Jan
2 Va c
2%c'
8,600
2'/2c
Jan
3%C
Jan
100
98 y4
2,500
5%c Mar
9c
Jan
Martin-McNeely
2,15 Mar
3.15
Jan
Massey-Harris
5c
Mar
I2%c
Feb
5c
Jan
9%c
Feb
McBrine
Jan
McCabe Grain class A
S'/ac
39,100
3c
2,000
96
30
95
Mar
103
Jan
51 Vz
52
40
51% Mar
53
Feb
5 l/ac Mar
3c
Feb
ll.c
4c
Feb
11 %c
preferred
common
26%
Porcupine
0
•
100
0
10c ll%c
70
1.500
9%c
Jan
14 %c
3'/2c
Mar
6c
Feb
18
Feb
22%
Jan
26%
Jan
27Va
Feb
17% Mar
177/a
Feb
2,500
2,858
27
140
17%
30
8%
•:
12%
96 y2
9
100
13 V*
1,107
96%
96 V2
10
55
56
605
127/a
Jan
11%
20
"
98% Mar
Mar
3 y2c
267/8
94V2 Mar
8
735
19%
17%
0
;
9 1
3%c
19%
51
20
—
Preferred
Mr In tyre
8
1
—
common
McColl-Frontenac
94 %
8
1
;
98'%
♦
—
Milling
15,850
oc
Jail
500
2.15
2VaC
29,700
96
30c
19c
2.25
0
6c
(L)
Mar
l'9c
1
1
Gold
Preferred
18c
Jan
Fields
Gold
Leaf
2.40
Eastern.-—'
Consol
2,40
8V2C
52
Export
Gold
Feb
24.100
50
500
2,000
25c
MacLeod-Cockshutt
6%c
5V8C
17
4% c
6V4C ;
75c
Macho River
Jan
5.85
'73»c
,
6c
18 y2
42c
Jan
rpv-c
96
Jan
34c
10c
5c
5c
64c
1,975
4,000
75c
_
6c
—
*
Feb
1.45 Jan
Feh
Mar
1434
Mines
2.15
„
1
-
1.05
40c
0
*
2%c
1
Goodfish Mining
Goodyear Tire common
Jan
5c
2.16
Macfie Red Lake
2%c
1
Jan
6.50
Jan
2,300
Mines
Jan
2%c
♦
23%
4.30 Mar
——1
Jan
9,000
1
19% Mar
3Vec
18%
1
Yellowknife
110%
9%c
1
Porcupine
360
9c
♦
Goldfields
106%
9c
Manitou
Jan
40c
17
*
A
Lunward Gold
2.90
.
class
E
Louvicourt
Jan
9c
Arrow
Jan
17c
Mar
12'%
*
Feb
3,332
Golden
1.67
Feb
-1
Lac
104%
5.60
1
Feb
12c
Jan
8c
4 y2 c
—£!
A
Ltd
Groceterias
109%
__
.
! -Jan
60c
1.28
Jan
Feb
Long
10
5.25
1
10c
41c
12
1
200
5.G0
1
Jail
3y>cMar
-*
class
Mines
Gold
215
.
1
!
14
38c
"
—
110
1
——it
2,500
.
3,385
——————_0
Oil
16%
110
*
105,900
55c
1.33
2,000
1
B
16'4
1
Gold—
6c
51c
4c
3
__
.
_*
1,000
1.30
—1
—
—
Lexindin Gold
87%
290
Golden
Preferred
:
Jones
&
Class
8c
6,600
1
Goldvue
Jan
8c
38c
Mines
Leduc-West
20%
50
2.40
100
:
Goldora
13c
500
*
Jan
Jan
2%
2,025
*
common
Gold
Goldhawk
Jan
8,500
Laura Secord
Jan
16
♦
;
Eagle
14c
Jan
1.90
•
;
Mines
6'/4C Mar
Jan
8
16
100
Gold
Goldcrest
13,500
4c
10
1.70
100
Mfg
Lake
Jan
7 V4C
Larder
Mar
16
100
Prod
Oil
God's
Jan
54c
Jan
Magnet
Globe
23c
5.80
Cadillac
Class
common
3>/4c Mar
Jan
Mar
6c
7% Mar
1.70
0
Yellowknife Gold Mines
Glenora
380
•
preferred.
2'/8C
34c
15%c Mar
'
_100
Exploration
8,000
12%
—
Lang & Sons
4,400
A
Jan
2,000
40c
Mines
44c
——
Jan
6c
Jan
32c
€c
109
19c
II,500
20
Lamaque Gold
77c
16
45,218
41%c
1
Feb
Jan
4*/4C Mar
2.25
Feb
Mar
50'Ac Mar
9,725
58c
8V4c
»
5'/2c
16c
5.00
8c
41%c
100
Jan
52c
Jan
—_1-
1
Gillies Lake
Gold
16%
_
33c
_
12 %c
Feb
Jan
•
36c
Lapaska Mines u——l
Preferred
Giant
3'/4C
20
1.21..'
Mines
Lake
preferred
General
5,833
4.80
Rowan
Jan
preferred
b'/ii\'io
General
1,000
5c
14%
—-
—
7%
_•
preferred
Power
14c
20
•
3.45
common
Ji
Mar
4.90
Mines---:
Lingman
2.35
Francoeur Gold
Freiman
Feb
4c
4c
Lake^ Dufault
38c
Mar
•
class
40c
1,000
14
Ltd
(John)
io%c
Mar
3,800
»
Motor
55,450
4c
8c
13c
Labrador Mining & Exploration.
6V4 Mar
Fleet Mfg
Ford
13
13c 14 Vac
5c
Townsite
2.05 Mar
common
Fleury-Bissell
Mar
8c
—
Kirkland
Leilch
Products
9
34c
14 %c
1.36
2.45 Mar
Kirkland
Fittings
1,870
Jan
6%c
Gate
290
,
Federal
9%
Jan
36
3'/4C
Lake
4,620
Candy Shops
25%
101'/a
Feb
*
56 %c
common
22% Mar
99% Mar
15 %c
36c
Kirkland-Hudson
28,400
Preferred
Feb*
Feb
20
31%
14%
6'%
Players
19% Mar
.Jam;
35
14c
:
2.20
Falconbrldge Nickel
Jan
9
4,336
8c
2.79
___
8'/a
100
4»/ac
4%c
Feb
54c
32%
4c
Gold
1-
.
Feb
Mar
41c 43 %c
42c
1
Mines
Kenville
6'/4
Sol Gold--——'
Eureka Corp
35
7
3% Mar
41c
91/8
1
2.45
1
100
31%
1
Mining
2.15
20
-7»/4
99%
31%
1
Mines
6V4
——1
7%c Feb
50
•
Gold
Quebec
2.20
J
Feb
19%
1
2.68
Gold
5%c
19%
19%
1
Consolidated
Joburke
Jan
'
Eldona
4.000
"112
0
common
Mining
1
Eddy Paper class A
6c
-
1,000
25
Mines
•
Elder Mines —
25%
8%
*
—„_1
—
Steel
Jan
y 4ic
Laguerre Gold
East
24%
Feb
19c
29,300
§im
50c
15,300
10l/4c
Mar
10 l/2c Mar.
23,850
20c
355
7V'4 Mar
Feb
Jab
21%
270
10%c
,
Duvay Gold Mines
11 y8
11
__
25%
41c
100
Kirkland
Dominion Textile
Jan
Jan
100% Mar
Mar
15%
335
Jan
Feb
22
27%
Jan
22
25 y4
16
—
Stores—__
Dominion
preferred
Gold
Jellicoe
4
25'/B
5%c
1
Feb
4
„
117
6%
7%,
Uranium
15 V*
100% 100%
__
Feb
25
8%
International
24 y2
:
25%
•
75
1114
7'/4-
1
Petroleum
1,540
ny4
.
*
:
International
25
22
25%
*
;
Dominion
L
Jan
13^8
7%
6
—
Bronze
Kerr-Addison
El
Jan'
14 y«
Jan
25%,
__
1
Magnesium
Dominion
'
19%
Nickel
Joliet
„
Feb
13% Mar
International
16%
sy4
__
__35
Steel
A
Co
International Metals class A
16Va
__
*
—
&
Mining
International
24%
'.16%
10
Dairies
Gold
-16%
955
,
1
Jan
Mar
25c
10 %c
Gold
Preferred
16V4
Dominion Bank
Dulama
6,824
13%
17%
13-%:
25
Jan
Jacknife
Donalda
18%
18
_•
£1
—
preferred
Inglis
1.20
45c
25c
Dominion
Jan
115
Jan
28c
157a
Mining
15c
43c
6,000
16
Dominion
29.
Oil
26,300
261/gc
Dominion
Feb
Imperial Tobacco of Canada ordinary_5
49c
2
Dominion
27 V'a
Imperial
4tic
1
Mines
10
325
Jan
10c
Yellowknife
Diversified
;Dome
116
28%
Feb
25,400
Seagrams
Distillers
.Mar
116
80c
17c
7,500
13c
,_i
-v
10 %o
7
27%
14c
26c
i.ioo
Jan
Jail
6c
116
Bank
8%c Feb
38,300
1.34;
Jan
57
27%
Imperial
45c
5,700
39c
Feb
10
Jan
Mar
I,500
100
common
52 "
8%c Feb
bO
1
Lake
Red
32c
17c
1
-
Lake
Dickerjson
28c 28 V2c
Mar
46% Mar
16,000
b'/4
Denison
Nickel4 MinesRed Lake
:
9%c
27c
__
B——
——
•32cFeb*.
28
1.30
7,550
1.45
1
'
Petroleum
Leather class
12% Jan
ll%c Feb
■
Jan
Jan
Preferred
t
5% Mar
Jan
.12c
Jan
17%c Feb
96% Mar
9c
1
l
10c 10%c
45c
Feb
3c
45c
I0%c
•V
Jan
10c
58c
--
115
„
Jan
54c
'
46%
_1
100
Patricia
Mar
12
y- 7%c
1
43c
__
14
24'/2c
Mar
22c
.
;
9J/s' Jan
9% Mar
9%
~
1.16
1.30
«
,_1
'Jan
17 Vi
534
•
common
Crestaurum Mines
-
Jan"
.
-
Feb
Hunts
Craig
Feb
Jan_"
14%
:
13%
16c
'
.
Conwest
Gas
4%
80c
3.50 Mar
I9cf
——
Howey Gold
Consumers
Jan
Feb
2
Mines
Consolidated Cent Cadillac—
Feb
Mar
v Jan
67c
33c
14%
40c
__
n;
Highland-Bell
1
Jan
% 715
15;
15
^1
Gold
Harricana
25c
__
Consolidated Astoria
16c
.10%
Feb
9
5
10,000
v_
Harding Carpets
2.45
17c
2,000
9
5%c y
5c
40c
__1
—
Jan
Feb
12%
1
1
1
Jan
Hasaga
Coin Lake
Feb
9% Mar
60c
,
•
Gold
Mines
25 V2
Jan
24
:
.'
Alabastine
&
Swayze
Mar
2.00
10 %C
4
„
___—
5%c
Feb
__
115
1,150
16ya
_1
—
36c
Mar
25c
__
0
——
High
0V2
14%
__
.
Hamilton Bridge __j.
Hamilton
Cotton
Mar
Hard
Coastal Oils
Low
Jan
Feb
16
Range -Sinee Jant 1"
*
High
Jan"
2.85
Mar
1.60
14%
:
Mines
Gold
Gypsum
Hallnor
Chromium
Shares
liyac ll'/ac
;;
common
—
for Week
9.y»
___._1
Sale*
Range
of Prices
Low
——
Mines
Gunnar
10c
Jan
12c
500
18
Mar
98c
5c * Mar
2.43
500
1.60
Jan
,'
10,500
1,60
__
Jan
10
Jan
46c
2,800
2.60
2.50
1
50
Jan
7
Feb
6%
33,350
5>/2c
,
1 Week's
13 %c Jan
5 Vac Mar
425
69c 88'/2c
80c
1
Chimo Gold
6%
.
Friday
Sale Price-
,•
———
Greening Wire
Centremaaue Gold
Chatco
•
'
1
Par.
Feb
1.55
1.65
•
1,600
STOCKS—
1
High
L010
High
1
j
-y ;■
y
■
Last
Range Since Jan.
Shares
Central
Oil
I
ENDED MARCH 18
for Week
Castle-Trethewey
Leduc
Monday, March 21, 1949
LISTED; MARKETS
CANADIAN
?- V
FINANCIAL CHRONICLE
8
Feb
9
Feb
Jan
12'/4
Feb
15 y8
94
Jan
98
Jan
50%
Jan
56
Feb
Jan
1
a I
Volume
169
THE
Number 4787
.
COMMERCIAL
&
CANADIAN
Week's
Last
CHRONICLE
MARKETS
MARCH
18
./
,
for Week
Friday
Par
McKenzie Red .Lake„
Mctiollan
Gold
•*
1
1
-
1
Gold' __1
: ,12c
.
Exploration
Moneta
9,500
6c
Feb
3.500
12c
Mar
8c
-
2IV2C
9%c
9c
12c
Feb
9c
3,000
100
Jan
2.00
605
6% Mar
7%
Jan
5'Ac
5'Ac
7,000
5 'Ac Mar
2,150
2,915
10
10
10'/a
35c
38c
Mortgage & Inv—
12
Porcupine
6%
_•
6%
7,500
1.
19'A
65
National .Grocers
9c
500
8c
2,000
36 %> 36%
_5
50
'7
:
11
12 'A
—__20
12 %
T
27%
J"
16%
12c
r
Alger
;Ne.w
40c
38%
Feb
6
10Ta
/
Feb
u
C--*
35c
.•&21r„2:35
42.3S
105
.
Calumet Mines
1
ic
1
20
.
10
(N) Co
common
103
;
5,500
1:40: 1.70
42,000
62c
42,077
62C
59c
Newnorth
•
-4c
7c
5 %c
7c
Feb
104
'
12c
14,000
Rouyn Merger.—,
8%C "
8c
15c
Feb
(
2.35
Jan
75c
Nipissing Mines
Noranda
23c
.•
_____
Mines
!____
Malartic-
Mines
5(2%
-1
—
18c
Jan
106
14c
7 VgC Jah '
13c Mar
5c
Mar
64c
359,400
51c
Feb
1.05
1,000
3,380
5,500
51
54%
11 %c
14c
3c
3c
2.45
2.80
,
11 %C
-LIU
2.65
:
'lie;
Jan
26c
Jan
8c
Jan
84c
"■
51
11
Norpick
•
Gold
Mines.£
Mines
__1
North
Inca
8%c
10c
__1
_i.
,
Northern Canada Mines_r
6%C
!
58%
Mines—
Star Oil
O'Brien
Gold
i-
—
3.75
2.45 Mar
Olsen
Mines__
5,000
6%c Mar
12c
Gold
Ogama-Rockland
49c
Jan
60c
•
" 30c
Jan
40c
O'Leary
'6,700
5c
,
Mar
12,000
3%c Feb
I
3,495
6% Mar
8% Jan
1.60
1.65
3,249
1.58 Mar
35c
35c
1,000
1.51
1.63
17,120
3 (4 c
3 VaC
4%c
4
13c
-
26 %
25
Feb
27
15c
40,100
1.35
7,100
14c
14c
1.30
1.27
45c
45c 48
=_•_
Gold
Omnitrans
Exploration
%C
Orenada
Orlac
.
__
14c
/'
Osisko
Lake
Osulake
Mines
__1
-
5c
?
Mines
Ltd
30c
1.95
Mar
1.11
53c
Feb
Pamour
Porcupine
Ltd
Mines
Western
v
Paymaster
Cons
1.-40
*
27
5%
200
5
*
20,000
Jan
Gold
1,000
7c
jl'IA
Works
_• <
],5C
'
52c
.
1.14
*
Pickle
Gold
Crow
Pioneer
United
Jan
Jan
Fuel
Class
B
United
51c
12c
2.22
2.32
8.290
2.02
39(4
225
36%
Jan
1.16
1.17
1.10
Jan
12 %c
4c
4 %C
1,120
3,833
5c
2,000
4c
Feb
Waite
Walker
Jan
3.05
40
.
Z
Mar
1.34
class A
preferred
8c
Jan
lc
Feb
34c
Mar
Gold
vtc
17,500
5c
Feb
3c
42 %c
East
Preston
Purdy
Mica
Purity
Dome
9c
12,500
8c
Feb
2,800
67c
Mar
217,700
8c
Jan
Flour
Mills
A
2.03
Feb
2.34 Jan
Yellorex
3.65
2.13
2,252
2.00
3.00
3.25
1,800
preferred—_____40
Quebec Labrador
1
Quebec Manitou
Quemont
'
:
.
4%c Mar
class A
Wood
Jan
44c
Jan
3634 Mar
42%
70c
Jan
90c
Jan
12%
(Alex
150
1.40
1.42
4,100
1.36 Feb
6c
1,500
6c
48
48
45
3 9 (4 c
46c
76c
Jan
Silk
class
48
Mar
Robinson
Cotton
J>
Long
Roxana
Oils
Royal Bank
Royalite Oil
32,100
35c
Mar
67c
11,700
72c
Mar
Jan
1.04
49c
1,500
45c
2,001
13% Mar
9'A
9%
25
8%
Feb
3(4
58
3%
Feb
3%
2.55
1,625
62c
5c
5%C
3,000
30
30
25
5c
29
3.75
Feb
8c
30%
50
16,200
9c
Mar
Co
*
47c
45c
47c
15,200
40c
Jan
10
25%
25
25%
485
24%
Feb
*
6.10
6.00
G.20
4,495
1
St
Lawrence
2nd
San
10
Paper
1st
preferred
York
Class
7%
Power
Shea's
class
80
80
1
40
4.05
40 %C
24%
A
Breweries
common
Voting trust certificates
For footnotes see page 46.
91%
1,365
9V2c
1,500
29
102
Mar
Feb
11%
Jan
7%
80
50c
25%
Feb
6.70
205
50
17
17
160
17
2.35
7,149
12c
325
1.59
Mar N
12c
Jan
;
j
1.82
Jan
5.35
953
5.15 Mar
6AO
Jan
8V2C
3,500
37(/2
130
12
7c
35% Feb
21
95
21
Mar
65
97
Mar
I6c2134c
108,900
6c
6 %c
15,000
28%
737
98
98
8c
Jan
6c
Feb
27
Feb
>
38
24
100%
Jan
Feb
Feb
Feb
Jan
37c
Jan
HVic
Jan
34%
Jan
39
98
Mar
100
Feb
10
118
Mar
118
Mar
3,315
28c
68c
*
Brown
Feb'
*
Columbia
Co
Pulp & Paper com—*
common
1'
Preferred
Canada
100
and Dominion Sugar
27c
2.10 Jan
2.50
Jan
31c
11,000
18c
Jan
35c
Mar
65c
70c
7,760
63c
Jan
80c
Jan
4 Vic
4Vic
1,000
4%c Mar.
6%
7 Va
395
6%
Feb
7(4 Mar
3
6%
•%
3
775
2%
Feb
3
6c
Jan
Mar
*
Jan
Canadian
Feb
*
common
Vickers
l
Jan
Canadian
Jan
Canadian
Jan
Mar
4
Jan
103
Jan
20%
160
19
Feb
12
Mar
Jan
Western
75
153V'4
*
Lumber
Wesiinghouse
3%
*
5
Consolidated
Dalhousie
12
__
Paper
•
Oil
:
*
__
__
„
__
Bridge
Paper
*
33%
»
20
%C
42c
14,300
Jan
Foothills
Oil
•
24
24%
1,410
11%
140
24% Mar
12%
3% Mar
20'%
Donnacona
Mar
114
Mar
19%
Steel
preferred
*
__
Jan
Humberstone Shoe i.
International
Paper
•
2,500
1.24 Mar
1.60
2.02 Mar
2.59
Jan
Minnesota
17%
Jan
Pend
17
Jan
Temiskaming Mining
72%
75
525
64
Feb
148'A 153%
325
136
Jan
3Vi
3%
2,325
51
51
75
1.00
100
16%
17
1,556
35c
35c
2,366
19% Mar
1.70
Feb
3% Mar
50
Feb
1.00 Mar
15%
Feb
35c
Mar
23%
23%
100
20
Mar
33%
33Vi
265
31%
19% Mar
20
20
429
2.65
2.70
1,000
18
18
20
55
1,270
101
101
30
*
19(4
19
19 V4
1,245
1
4.65
4.50
5.05
10,695
7c
7c
1,000
2.51
18
48%
101
Jan
Feb
15%,Mar
15%
Feb
-
•-
&
Ontario
Oreille
Paper
—__1
__
22%
Jan
Jan
Jan
13 y4
Jan
22
Jan
2
78%
Jan
Jan
153% Mar
3% Mar
52
1.25
18
45c
Jan
Jan
Jan
Jan
23% Mar
34%
Feb
20
Jan
3.65
Jan
Mar
19
Mar
Feb
58
Jan
Feb
103%
Feb
Feb
22%
Jan
4.50 Mar
6.70
Jan
8c
Feb
Jan
56,250
100
51J/2
__
1.30
2.25
115
1.80
51%
*
1.24
2.02
60
19%
1.8O
18
common
Preferred
1.24
2.09
12
19%
1.00
High
26
Feb
100
94
Dominion
11% Mar
75
Feb
55
Disher
23
103 103Va
23%
95
Feb
49c
100
94
__
year 1948
Low
24
94
Feb
Jan
Range for
High
1,050
Jan
40c
Shares
3%
86
4.50
24
Sales
for Week
3%
42
Jan
Week's
Range
of Prices
3%
•
Coast Copper
9%
__
100
common
Preferred
18%
Mar
Funds
Low
__
»
Canadian Industries
Canadian Marconi
19c
102
Feb
Exchange-Curb Section
Jan
10c
3.80
—
9c
118
Sale Price
Corp
Feb
7
165
Feb
13'/2c
Jan
98
28
v
Jan
13
Feb
9%bMar
Feb
Jan
11%
2.30
Mar
-175
15%
28(4
a.
118
80
16
Jan
1.50 Mar
98
—
39 3i Mar
16%
2.94
17c
3,250
21
15
16
Feb
Jan
Jan
36%
__
i
7%
"
25
28
Jan
6'A Mar
-
1,000
21%c
Jan
17'/a
Mar
<
■';
Jan
52
Jan
13
34
16
•
1.99 Mar
1,000
6%
•
30%
24'/a
19% Mar
51
Jan
14c
27% Feb
720
13
Par
Asbestos
50o
*
97/a
Mar
90
21
9%cl0%c
Last
Jan
101% Mar
100
9c
Jan
2.20
STOCKS—
Jan
16%c Jan
16% Mar
5
8%
,
Feb
—
*
;
1
Gordon
' ]
Jan
9(4
Friday
.
Sheep Creek Gold
Sick's
Mar
77c
118
Toronto Stock
>
Sherritt
75c
.Feb
9%
1,385
40
i
Mar
55c
•
Jan
„
com—•
Mar
75c
20
Feb
40
4.05
90c
175
12,100
75c
60c
8.75
4.15
39%"
Mar
25(4
11%
99
1
Senator Rouyn Ltd
Shawinigan Water &
7%
>
Mar
90c
70
1
B
9c
490
102
j
Jan
18
14
"
695
*
Knitting class A
6c
3,500
1
—
Winnipeg Brew
7c
17
1
Gold
5.85
40,600
7c
16%
100
Corp common
preferred
Antonio
13c 14 %c
1
•
Saguenay Power preferred
St Lawrence
14c
•225
{
;
Feb
2.23
Jan
Mar
10
common..
'
23,388
1
Mines
Girl
Jan
17
2.35 Mar
9c 10%c
Mines
Jan
100V4
*
9% Mar
3V4
10
Industries
Russell
90c
8c
__i
Jan
14%
1
Chibougamau
Roybar
Rupununi
j
Jan
48c
Lac_
__
19%
]
|
Jan
12
,
Jan
13
Canadian
*
new
Mar
100'/a
'
—.100
Canada Vinegars
Roche
11
4
25%
13
»
preferred^
Bear
53% Feb
__*
A
200
'
11
*
Mines
7%c Jan
1
Riverside
&
Yankee
British
Regcourt Gold
168
<
■.)J
Jan
11
156'A Mar
Jan
1,000
2.35
Jan
Feb
Jan
1.65
72c
72c
1
:.s.
|
Jan
11
835
Feb
11%
3(4
9V4 Mar
11
Jan
35c
2,000
38%
Jan
72c
*
j
Jan
Feb
1.25
238
25(4
9%c
100
Wright-Hargreaves
13%
*
Macdonald
Reeves
9%•■••••
9%
1
Jan
•
Class B
3.10
H9c
12
•»
;
Jan
8c
6c
46c
(20
25%
W)__
common
89c
-~1
Mining
Quinte Milk
39c
14,000
11%
1
Queenston Gold
5'Ac
37c
ZvZ;--:
i
Mar
21c
5.20
__i
12c
3.00 Mar
4c
1.42
8
Jan
Jan
1.50
5.30
100
Yellowknife
2.08
1
2.54
10
Jan
15%c Mar
1
Mines
-9% Mar
Mar
12c
__
1
Electric
70c
?'
)
5 Va Mar
50c
6%
6%
•
(G &
common
Wingait Gold
Winnipeg
8c 14',4 c
•
Jan
Feb
1.99
?
2.20
1
Wiltsey-Coghlan
Feb
67c
1
Feb
28'A
26(4 Mar
••,~4V4
50%
51
»
Jan
8%C
1
i
Feb
36c
87c
9c
Products
1
Metals
11 Vic
3,200
29
_#
9c
Rouyn
!
Jan
i
Mar
19%
*
Weston (George) common
Preferred
Ymir
Pressed
>
•
11,000
9%
»
Ltd
9C
Powell
■
38,400
18
__
*
Mines
(Hiram)
67c
36 ¥2
'
Mar
27c
170
-180
.
Feb
5,500
36 V4
.
•
.
•
Feb
58c
25
Hill
Amulet
Westeel
Jan
18,100
*
5 V2 Mar
20c'
-•1.27 Jan
3,500
16c
90c
•
9%
50
West Malartic
Feb
8c
20c
River
.
i
I
Jan
HV4
Jan
22c
37c
Powell
»
•
Jan
20% Mar
Feb
52c
100% 100%
_"
Class.A
Jan
2'Ac
37c
-
1.23
:
-11%
__
•>
preferred
Waterous
Jan
34c
1
(
•
.•>•1.71) Jan >-
Mar
-
6c
6,162
9%
__
2 V'8c
Porcupine Reef Goldl
20
8%c
V
1.62
158
18
•
Oils
Jan
1.06
Feb
40
—1
Feb
,
Jan
75c
Resources
Steel
18c/ Jan
Mar
2.25
Porcupine Peninsular
Jan
•
1.90
2.85
156%
90c
;
Canada
9c
Mar
39 "2
1
_
•
100
12c
'
;_i
Keno
1
Mines
v
10 %c
9%
-50c
'
J.___■__j.__L__._-*
1
Gold
*4
16 %e
2,550
5%
>1.10
'
-
B
1
:
- Feb
" Feb
TVec Mar
2.71
__
Corp class A
Class
20c
Jan
27,200
18c
Mines
Jan
86
->1.46 Feb
6% Jan'
■
8%c Jan
8c
61c
34c
Piccadilly Porcupine
-84
500
9%
2.76
„100 •
class A_^^____liy4
Mining
United
.
United
2'Ac
Gold
Perron
-15
8:050
•;
27
4%
1
__
1
_______-r——__1
Preferred
Pen-Rey
'■
Feb
Peb
5% Mar
-r
30
9,000
28c
-
__
Gas:___
Upper
4,500
_T
75c
Mar
-1.42
1,400-
6%c
27c
subscription rights
subscription rights.—
B
United
14c
Mines.
-
5c
30
:
1;.60
j
1
Mines
Iron
A
Union
Feb
12c
Mines
Paramaque
Partanen Malartic
Feb
9% Mar
'Wf T
7%c
1.48
10
Silver
Class
Jan
51c
4c
Mar
Mar..
.
82
'
Transcontinental
Jan
12c
1
-78
20V2
17o
6c
Traders Finance class A
6c
15c
Oil
83
Jan
.13%
38
.
1.62
1.50
Toronto Mortgage-
17c
5c
Pandora Cadillac
Pan
22
60c
50*
.
: 1.50
1.56
2-*
Gold
Toronto
;
1.70 Mar
Mar
8c
■—
10(4 Mar
Jan
240
.82
f '.__. / •:7%c
.
1
Elevators
6%c
12c
•
4,300
1,500 7,300-
General Trusts
13c
•
Tubes___
Jan
Feb
•
79%
/17c
.
50c.
common
Toronto
4%cMar
1
Petroleum
Hershey
Jari
54c
Mar
7(4
5%
_l
i_i
-
Wekusko Consol
Pacific
Pago
Jan
7
20 Vi
V 220
V
6c
—1.54
common.
Toronto
3%c Mar
13c
1
-
5c
*
;
7,500
5%
58c
Jan
1.42
82
75
14%-
78
82
1
-
——
Thompson-Lundmark Gold Mines
V Torbrit
3.000
5%
1
Jan
23c
Jan
"Z
(Pearson)
13,500
5%
1
—
45c
25
!'20%
'__
1
„AiJ10
River
4c
1
Lake
Mar
1.27 Mar
855 :
68c
,' -14%
'82
.
Cons Mines
Inlet
4%c
•
Gold
Red
14c
'
Ventures Ltd
Orange Crush
26
3,466
9Va
65c
__
Omega
%c
9%67c
__25
Oil preferred
Toburn
-
5%c Feb
8%
1.59
*
Jan
26%
26%
common—/ .'v78
-L——
Press .preferred
13%c Jan
-ir
5%c
1
I
Malartic
34c
:<*
Canada
Tech-Hughes -Gold -Mines
Feb
35c
1
Oils
Feb
Jan
7c
7V4
0
Okalta
of
Preferred
Jan
1,400
1-63
1
24c
,
Bros
Tamblyn
Jan
33,700
32c
5c
J
11,230
Feb
7%
1
common
30c
1
Union
Northland
North
24c
*
Taylor
Jan
5c
7C
•
34c
Jan
29c
82
<:•
'
Mar
55c
55c
Gold—
Jan
44c
Sylvanite Gold Mines____
-
Jan
20c
Mar
Jan
13c
J
99%
21
Class
.fNorseman
Feb
Feb
Jan
1.15
%c Mar
3c
66,983
97
30c
9%
•.
1.00 Mar
-500
J
Jan
Mar
7,500
_~1
_____
Normetal Mining
5%c Mar
8,000
59c
Jan
■
1,005
9
Sudhury Contact
Jan
7,050
59c
Jan
26%
2,418
82
Surf
Jan
6c
••; i,od
1 Nicholson /Mines
30
Feb
Feb
14c
f
435
•
33c
20%
'• Sullivan
Jan
Mar
5%c
5c
27% Mar
22Va Mar
205
•
97%
9%
Stovel
•
9c'.
15c
8V2C
.'13c
.
»
32c
20%
Stuart
;
Yellowknife':i^_i_
/
Feb
Feb
32c
100
Sturgeon Riv«r;Gold
,
Jan
4c
•
.28,000
10c
New Thurbbls
Norgold
1,500
Jan
7Vi
95
■
:
1.40 Mar
51c
Jan
14,100
4c
4c
•
110c
;.;Ne^-,Pacaltk'yOil3;^_._.
'
15c 16.14 c
150
.
•
_•
9V2
Mar
,
"
Steeloy.' Mining'%—
Steep Rock Iron Mines
•
Gold
Norzone
23 Va
•
Taku
Marlon Gold
27%
23
97%
■»
Chemical preferred
Preferred
Jan
2.50
.ioc." Feb"",'4%C Jan
12,000
92
Jan
29. v.
.
Feb V
Mar.
.
' 27%
•
Steel Co
23%. Jan
.
Jan
/I 6(2 Mar
2j
97%
•
Feb
33% Mar
-Feb
,
9(4 Mar
100
27'%
20
Mines
'i Stedman
Jan
47c
a
Jan
.2.13
355
'7
92
Stanley Brock class A———
1
.
25
,5,500"
iic;
:
6c-
1.53
v.
-
-8c*
ioy2c
I-"'
.
,103 %A03y*:So"
T —
.Ill
.
'
Feb
1
—
Jan
17
Jan
27%
9%
92
Starratt
14
Jan
Jan
48 Vic Mar
Feb
28 %
Feb
15%
95
20%. 20%
28.'- '..28-.
__
'
40<K .;()3%
t"
Bidlamaque A.__i.-__i.
Norbenlte
Feb
'*
6%
--
Standard Paving common
Preferred
•
27%
5,500
.
_io
New Jason
»
8.25
55c
1
Malartic
Standard
Feb
Jan
8
11%
Jan
12%
-
5
9%
'»
23%
Springer Sturgeon
Jan
35% Mar.
140 i
33%.,.
>32%
,,.
•;New
-150
;
28
16%
38C'
.'iNationai .jSteeiidDaru. ill!*
National TrustV
'ill—
'/..Negus.Mlhes I;
*;< Neilsori 7,!t Wm j j preferred, /
12%
:
16%
.
32%
;
Nib
Feb
Jan
,12c
■
•
•
Stadacona
Jan
Feb
9c
75
27%
.
-25c
.fNationahSewer-Pipe class jA—
v
32%c
"i'-
_•
Brazeau
<
Hosiery'.class B__i_—
National.Petroleum
-VNew.
60,700
43c48%c-;
100
Slater
Jan
73%
7%c Mar
,
135
11
6%
-
commoni—.-^
Preferred
New
38V2cMar
9%
Gold
Sladen
Jan
23%
Feb
9c
Siscoe
Mar
60c
Jan
115
-"-5
L
common
"
sNew
50,700
7.10
Jan
7
Mar
435
7%C
a
common
Preferred
New
48c
'•
pfd—J_—100
'
i
High
46c
48c
-''''''iv
•'•'.-v.-
A
Dair
B
South
40c
21
\
Class
Jan
14
6'/a 'Feb
68
J-
class
•
Simpson's Ltd class A
Jan
-
National Drug
u
Low
k
200
——A-,
/ Silverwood Western
Jan
48c
Mar
67
67
_1
..
Range Since Jan. 1
High
Jan
1.55
12
11% Mar
20(4
•
6%c
!
Feb
Feb
35c
120
40c 42 'Ac
40c
-1
_1
National
Shares
7.50
47%c
,i,->vl
•-
•
•
Preferred
160
yy
-
1.10
2.000
11%
=»•
90c
Dairies
Class B—
1.45"
1.35
10
•
common.
National Breweries
V
for Week
-7.50
__
1
1
Silverwood
•
.
Mining
Sales
Range
of Prices
Low
——1--
4
Feb
7
—
Knitting
Mosher Long Lac
,
(Quebec)
Silver Miller Mines—
,
Jan
1.50
•
Mylamaque Mines
v
Jan
6%
t
.
Silanco
Jan
1.50
_»
Montreal Locomotive
Moore Corp common
,r.
v,
Par
Sigma Mines
Jan
5'Ac
*
_
Oils
Monarch
High
46c
7
Corp
Monarch
'
Jan
2,300
6%c
12c 12'aC
.
__
Brick
Model
LOW
32'Ac
38C
6%c
STOCKS—
Range Since Jan. 1
'high
37c
—r
Mercury Mills
Mid-Continent Oil
Mining
Shares
"
McWatters
Milton
Low
•
-37C
••
1,:
—
McMarmac Red Lake.
Mentor
of Prices
Sale Price
Week'a
Last ■
Sale Price
......
"
STOCKS-
4i
(1261)
Sales
Rango
Friday
LISTED
FOR WEEK ENDED
RAXGE
s
FINANCIAL
18%
7c
Jan
;
46
THE
(1262)
COMMERCIAL
&
FINANCIAL
CHRONICLE
"Monday, "March 21, 1949
OVER-THE-COUNTER < SEC U RI Tl ES
Quotations for Friday, .'March ll#
:
•
"
Investing Companies
Fund
-Affiliated
-
Inc__
>
%
1
Axe-Hough ton Fund Inc
Axe-Houghton Fund: B
5
-1
^.1
Inv Tr of America—-—J*
.
3.09
3.41
3.28
3;62
lc
Drug shares
'Electrical-Equipment shares-Ic
2.91
14.18
3.51
3.14
4y2-.
3.00
"Bond
Boston Fund
-1
Inc
/Bowling Green Fund*Inc__^-v10c',
Broad •Street Invest Corp
5
20.55
7'.81
__lc
Steel
_1lc
"3.82
7.02
Bond
Investors Trust
"
1
24.41
1
-1
Inv'Fund Ltd
"Canadian
16.02
—1
32.08
1236.
Securities. com__ JIOO 3,160
142
Preferred
^100
Commonwealth
Delaware Fund
,
5.30
1
12.77
13.71
1
7.98
.1
.6.60
7.S1
-National
-1
1
24.07
25.73
15.74
16.83
'
20c
-5
Fund Inc_l
Financial Industrial
'First
Security
Corp———-—:-<10
Mutual Trust Fund
1
Boston
3.67
3.83
22.52
24.35
1.71
Priced Bond
Preferred
*
"Income
Series
Fundamental Trust
22%
4.40
2.95
2
4.56
5.72
<-
5.52
3.17
14.05
Fund
,1
New
York
Stocks
(coht)-
1, 1949—.
tl y4sDec.l5,.1949_—
11% s CJah. 1,.4950————;
.
Apr/. J, 19-49—100.0003
100.0226
_
.0333
100.0263
;0409
100.0129
:0285
—
.0049
?1 %s .Feb. .1.
tly«s June 1^ 1949_/_—^—^»!
99.9890
.9969
100.0068
:.0240
—
tl-Vts Mar. 1,. 1950——!—.
99.9820
100.0085
.0272
.9932
1,
1949—
.L—
1950
.
.
Federal Intermediate Credit Bank Debentures
Dated
/
Bid
Due
Ask
Rate
Dated
Bid i
Due
Ask
1-48
4-
1-49
r.bl.40
1.20%
1.65%
11-
1-48
8-
1-49
bl.50
:1.35%
8-
2-48
5-
2-49
bl.45
1.25%
1.60%
12-
1-48
9-1-49
hl.50
1
5-
2-49
1.25%
"1.60%
1-
3-49
10-
3-49
6-
1-49
bl.45
1.30.%
1.55%
2-
1-49
11-
1-49
bl.5G
1:40%
7-
1-49
bl.50
1.35%
1.55%
3-
1
49
12-
1-49
bl.55
1.45%
Automobile
1
5.65
6.19
1.50%
Aviation
1
6.36
>637
1.65%
1
9.86
10.81
1.65%
1
7.50
1
1.35 %
8.22
________
Bank stock
Building supply
9.71
10.65
Diversified
—1
3.55
lc
5.49
5.96
Diversified Investment Fund_l
9.99
5.35
5.81
Diversified
9.58
10.50
lc
6.89
7.48
Electrical
lc
5.7.4
6.23
Insurance stock
lc
8.62
9.35
lc
4.37
4.75
lc
Fully Administered shareslc
General bond shares
6.78
7.36
7.17
7.78
Industrial Machinery shares lc
Institutional bond shares— _lc
6.49
7.04
8.95
9.40
Public
lc
6.93
7.52
Railroad
_lc
5.35
5.81
lc
6.86
7.44
lc
4.95
5.38
lc
7.20
1-48
10.95
lc
9- .1-48
bl.45
*^bl.5Q.fl'.1.40%-
11.30
6.74
12-1-48
10-
10.64
1
6.21
7.81
Chemical
Corporate bond series
shares
shares
:
•
shares—
Equipment shares
Electrical
shares
Food
Investing Company shares.
Priced shares
Low
shares
Merchandising
:: Mining
shares
shares
Petroleum
RR
shares
lc
2.30
Equipment; .shares
lc
3.56
3.88
shares
lc
3.97
4.32
Bond
stock
Railroad
-lc
shares
Steel
shares
Tobacco
—
4.66
5106
lc
4.20
'4.57
-lc
535
,_1
4.22
•4.56
10c
1.59
133
Incorporated Investors
—5
19.71
21.31
/.Utility shares—
Aviation
"Bank
Insurance
shares
Stock and Bond Group
'
Investment
Co
America
of
lc
.1
—1
7.36
11.10
12:16
1
9.49
10.40
■!.
9.04
1
15.12
10.31
80c
1.13
1.02
Utility
1
!
Tobacco
&
Trading
Putnam-(Geo)
Republic
9.96
Fund
1
14.27
2.32
Inc
1
25.67
47.64
47.64
2y2
9.94
Shareholders Trust of Boston—1
Street
!
19,
1
Inc
Co
5.61
10c
Investment
80c
1
Fund
series
67c
12.63
1
•
Series B
_1
17.21
Series C
1
5.78
6.14
9.75
75c
18.32
7.41
13.09
'Union Preferred Stock Fund—1
Union Common Stock Fund
1
6.71
27;15
2540
-United Income Fund Shares
1
8.87
9.64
B-2 (Medium
25.01
1
'9.34
9.53
B-3 (Low
TGrade Bds—-1
Priced Bonds)i—1
22:93
15.56
16.98
,_1
16.58
18.10
Bonds)
1
K-l (Income pfd Stocks)
1
K-2 (Appreciationrpfd Stks)_l
S-l (Quality common Stks)-1
S-2 (Income com -Stocks)—1
S-3 (Appreciation com Stks)_l
S-4'(Low Priced com Stks)__1
8.83
9.64
1
15.36
16.52
1
3.32
3.60
Investing Corp
•Wellington Fund
Fund
Inc
Wisconsin Investment Co
15.11
18.49
18.25
2433
27.20
13.38
14.60
10.88
11.88
4.16
4.55
Independence Trust Shares
_1
4.51
4.94
North
Mutual Fund—*
Loomis Sayles Second Fund—10
90.73
92.58
:
43.99
44.89
__
Fund
Loomis Sayles
bl.17
1.11%
1949
,bl.17
1.11%
1949
bl.17
1.08%
June
bl.17
1.11%
5, 1949
bl.17
1.10%
Par
Unit
Series
E
6.57
7.55
1
2.12
2.42
Series 1955
1
3.36
.Series 1956
1
2.30
Amer
Trust
Aetna
Commercial National Bank &
Aetna
Life
Bank
.
Trustr—
&
Par
Bid
Trust
Co
Federation
82 V2
Home
_5
29%
53%
55%
10
109
•59 Ms
61%
Jersey Insurance of N Y
20
44
25
American
Automobile
4
46
48%
American
Casualty
12%
14>/4
American
Equitable
5
5
22
23%
Casualty common—1
Prior
^$2.10
,.$1.05
15%
16%
48%
51%
preferred—5
Convertible
22%
23%
_5
National
Casualty
291/4
National
Fire
60 y2
63
National
Union Fire
39
42
New
New
Bankers
Boston-
Shippers.
&
——.-i.———
.25
84%
7%
67
691/4
Fire
Conectieut
General
Life
Continental Casualty
:
5
10
21%
90
94
tlO
54%
26%
28%
55
New York
Fire
33
42
5
Northeastern
15%
:25%
.5
"Northern
;
Pacific
Indemnity Co
Kmployees Group Assoc
-*
Employers Reinsurance—__j!0
34%
36%
Phoenix
58
ei
Preferred
61.%
65 y2
f; Federal
.—
:10
Fidelity & Deposit of Md new_10
/ Fire Assn of Phila_^
—10
*
71
66%
Fund
of Frisco
Firemen's of Newark
25
.
Providence-Washington
Reinsurance
Corp
(N .Y).
10
80 y4
83 Vi
16 ye
Republic
(Texas)
271/4
291/4
48
Globe & Republic
ll'/e
12Va
34%
36%
Standard
34%
Travelers
—
_5
_5
Rutgers Fire com——15
2nd
preferred
-15
American
5
33
Hartford
Fire
Hartford Steamboiler
Deposit Natl Bank_„100
290
265
29
285'
31
Bank
10
15V2
16%
100. 1,330 ... 1,370
25
43
45 ,
Lawyers Trust
20
48'%
227
39%
12%
City Bank
-25
83
38%
66 %
67%
64%
62/2
55%
Bank of Amer N T & S A^_12%
40%
42%
San Francisco
.
40%
25
OA1/
20
• -
86
Bank & Trust_17y2
69 %
Trust
Nat'l
34%
,
„
United States Natl Bunk
233
41%
York
,
,
^ /atmnal Bank______12%
50'%
Co
Trust
Manufacturers
32%
20
Trust
&
Portland
t--
Kings County Trust—
!
Trust——12
&
8%
8
100
570
600
Recent
Security Issues
Bid
102 Vt
102%
_1967
97%
CO CO
Cudahy Packing
Duke
1979
101%
102
3V8S_ -1978
102%
103
103%
—
2%s
27,8S_
Power
_
_
Affiliated
Gas
Equip $3 pfd__50
pfd-100
100
Elec
1978
3s
Penn'a Pow &
1978
_
102%
3s
Power
103%
-
;
•
'
V;/'
88
3%
•4y8
lo
:34%
36%
2
-5%
>6%
110)
103%
•
■
104%;
—
>
u
'
104
Ser
Pub
:
100%
pfd—100
.194
105
4.40%—100
109
110
4.70%
(Colorado)
101%
'•
(Indiana)—
preferred
i
Public Service
Potomac
Edison
Public Serv
San
91
108
pfd-100
Lt 4.60%
■Potomac Edison
Ohio
100
pfd
90
103%
1978
England. Power 3s
New
■.■"■%
-100
preferred
Okla Gas & El 5%%
Narragansett
101*
Elec—
England Gas &
New
■'[
48
47
Kentucky Utilities 4%%
4 V2 Vo
Louisiana Pow & Lt
Ask
Bid
.Par
103%
3s
Edison
Stocks—
Ask
-1979
Bonds-
57
•
10
Accident,.
12%
28
105
105%
100%
1977
3y4s
101%
•3.50%
of Indiana
3s_ -1979
,V
•'
*
'
7
Public Service of New
.
•
"
•.
Diego Gas & El 3s
-i "*/■&''
<!
103
Wise-Michigan
Power
>1#
J.
.15%
102 V*
100
_
Co 4%
*
103
103%
/
97%
<96%
pfd A_I00
>
j
h
?
•
r.'y
Transm's' Co—•
preferred _2
100
Tennessee Gas
3s— -1978
—
103%
Rohm & Haas
-1978
'
••
•;
Mexico—/?
preferred.
103%
y'-
Penn Power 3s_t
West
102%
1978
.
83%
..•81%
-100
"4%%
f
.
98% '
99%
,
:/'-c
'/A//;";::
,
-0 V.
•'
10
-45%
10
34%
10
100
35
Eastern
j
Transmission—'*
;i4%
14%
;]
Tucker
Corp
1
1%,
1V2
/
"A"—
37
•47%
675
36%
700
Fidelity & Guaranty Co—2
53%
55%
33%
U
S
Fire
4
58
61
10
1241/2
127%
U
S
Guarantee
10
75
79
2
22
23 %
Westchester Fire
Texas
56
a
40
:
88%
53
lo
31%
38
/
—
85%
—10
10
33%
;31%
Peoples /First National
5 %%
U S
Fire__.
,7 1
.
Mellon Natl Bank & Trust___100
.1,230
•
94
85
Great
Hanover
^
10
Farmers
100 1.170
_Bank__
r
Seaboard
'Globe
&
„
14%
We
50
.Falls
.
32.2
268
■.
5
Surety
Security (New Haven)
Springfield Fire & Marine
Glens
.
23?
'
_5
10
.
13%
Pacific Pwr & Light 3y4s__ _1977
27
107
lo
_io
Accident
St Paul Fire & Marine
General Reinsurance Corp
.
of Detroit
^
89
'
.Fireman's
28
.
"Pittsburgh
17%
76
63%
.31-
30/2
7%
.12.50
Fire
Pacific
37%
"26
,
-10
259
44%
2.50
River
35%
Foster Inc.
85
100
37%
31
10
Hampshire Fire
—10
Crum &
57
35%
2
56%
22%
20
——16
Detroit
National Bank
35
88
8%
lo
.5
Amsterdam Casualty
North
"Camden
(Detroit)
89%
-10
Bank
>
,
Trust-—10
16 Va
18%
30%
10
14%
17%
27 y4
&
Newark
of
American Re-Insurance
,
29%
28%
4
10
American Surety
25
Automobile ———10
27%
5
& Mfrs
2V2
Casualty_5
American Fidelity
National
Central
c
/ National, City Bank
33%'
520
.
&
__
10
preferred
Massachusetts Bonding
Merchant Fire Assurance
Merchants
American
41
51%
190 '
315,
:Notthem •Trust co--—iee .,5oo":.
:
.10%
.53 %
9%
78%
'76
183
295
__
Bank
Trust
Consolidated
Maryland
Assur
113
66
23%
175
First National Bank__
.100
Harris Trust & Savings____100
.
,
100
.
,
30%
Insur Co of North America
10
American Alliance
•.
.
Plains, N Y)
.—'16
Empire Trust
—-:50
;Fh"st National
,40%
39
,
(White
Ask
10
-25
Agricultural"
-
>
.Stamped
-_■■>
Com-Exchange Bank,& Trust-20
Fiduciary
Ask
Bid
Par
Companies
■Ask
63
Companies
Natiohal -BankTrust__33%
ino
38%'
—20
Co
Continental
New
Bid
10
10
Insurance
1.11%
Continental Illinois
'
37S
National
Par
Surety
1949
.City Natl Bank & Trust
41
mv
&. Trust—*.—10
Chemical Bank
United States Trust
&
,26%
oq
""tnn
~kr"tviTct on
n?rtiIm J™ for
Title Guarantee
Casualty
;
39
Morgan (J P) & Co Inc—--100
Shares—
,16,
■
00a
10
Sterling National
Aetna
24%
Bafi k^LNAeW Y°rk
BanSs Ttust1^
Public
Insurance
bl.17
,
Irving Trust
Shares—
2.50
,
Ask
Industrial Bank of Commerce_lO
Type Trusts—
Trustee
1949_
Chicago
Co-10-
Manhattan
the
Guaranty Trust
Diversified
Bid
York
of
Bank
County
21.00
Knickerbocker
1949
9.
Trust
18.24
A
6.76
Whitehall
2.
June
Banks & Trust
89c
20.63
25.93
Wall Street
May 26,
June
1.06%
L
8.95
Industry Shares—25c
Bond
10.75
20
49
46
i
Union
1.00%
1.04%
May
r
Corp.*
Television Fund Inc
Trusteed
bl.16
New
Sovereign Investors.
Ask
1.10%
1.11%
bl.17
27.60
Shares
_
bl.17
bl.17
-
bl.17
2.54
*
Invest
1949
1949___
15.34
1
Fund Inc
Amer
1949
19,
Apr. 28,
Scudder, Stevens & Clark
Selected
12,
May
1949
15
Fund
Investors
Berg Fund
May
0.94%
10.92
5
12.79
(Speculative
1949
0.90%
bl.16
8.37
of .Boston—1
B-4
7,
14,
Bid
,
bl.16
—_
Apr. 21,
6.65
7.64
1
Petroleum
.Russell
6.07
Investors Management Fund—1
Trust
1949
Apr.
'5.03
Keystone Custodian Funds—
B->1 (Investment Bonds) —_1
Investment
1949
31,
Apr.
6.83
4.59
1
equipment
/"Steel
6.23
1
Railroad
1
:
11.80
'
24,
Mar.
11.30
23.86
•
Mar.
16.57
Pacific Coast Invest Fund—1
Bills
Ask
.
8.38
Oils
Bid
9.91
7.65
—___:
8.86
8.08
72c
United Slates Treasury
8.07
——1
-
1
State
-lc
—
Group shares—-lc
shares
Group
Group
equipment—
3.89
l
-Standard
Ltd—
Shares
Institutional
preferred stock__l
Metals
;;5.49
Howe Plan Fund Inc—;
Income Foundation Fund—
Industry
-Machinery
Merchandising
v
2.51
Railroad
\
•-
7-
Chemical
•
-
-
indebt
1.55%
Building shares
•
Ask
'
1
of
ti%s Oct.
1.55%
8.55
1
_lc
Aviation
/
-Bid
,
.1477
9.37
Inc—
'Agriculture
5.12
Automobile
•
;_——l%% 100.1273
of .Indebtedness—
Rate
4.77
Trust
Investors
.
f
Maturity-—
Certificates
\
15.07
England
47.74
.Group Securities—
Agricultural shares
'
M21 *
Price
Ask
Bid
tiy»s July
3.46
44.40
General
•
11% s,.
3.62
Group Series
-1
1
Capital Corp_
General
,
.1961 -'119%
6.03
,3.31
New
6.59
lOO'.OVi
4.98
1
Low Priced Com Stock Series 1
14.17
12,93
«
100.7
3.22
1
Selected
,
•Certificates
;
•
April I, 1950
3.93
4.03
l
••Industrial Stock Series
.
5.52
4.96
shares A—2
.Fundamental Investors Inc
,6.34
1
Int. Rate
Treasury Notes—
6.55
1
Series
Series
Speculative Series
5.99
1
Stock
_1
138
20%
1_
II. S. Certificates of Indebtedness
Series—
: Stock Series
Fund
Equity^Fund Inc—
Fidelity Fund Inc
First
Low
J
'JEflton ii& Howard—
Balanced
Corp
/Bond Aeries
1.51
•Stock Fund
i;
/Maturity—
Fund
Investors
National
.14-38
1.37
Ask
•"
100.4;
=*!•
8.63
Balanced
5.76
13.25
25c
—.
101.28
Panama .Canal 3s__—_
.14.37
147
Investment—_1
<1
Dividend Shares
vBid
'
Other Issues
11.98
13.15
"3,310.
—
1
11.08
,1
-Nation-Wide Securities—
1432
Christiana
'
—1
34.50
-1
Century Shares Trust
Chemical Fund
—1
July
22; 1949__:__—100:2.
I%s 3ept. l5,-1940 —!!_^!!/"'':l00.*5.
1%s Jan.. 20* 1950 .—.100,4
.
Dollar
4.90
1.65s
:
.
99.i4
.17.56
3.90
Banks—•
•''"l%S;:APT.:.:i5/:1949>^^^«/t
98.26
—
26.39
Mass Investors 2d Fund
"Mutual Invest Fund Inc
Bullock Fund Ltd
1',''1952-1950—1
<98.18
1 ,%s Jan.. 1> 1953-1951__—99.6
2y4s Feb. 1, 1955-1953
101.20
■7; 69
"Mass
15.83
V4s>May
4.21
Fund Inc. _10c
shares
Manhattan
7.82
xl 4^.64
__lc
Petroleum -shares
35:18
19.01
Loan
4:43
—lc
Paper, shares
"
9M8
32nds of appoint:
more
v
3.84
4.02
or
one
"Federal-Home
Ask
:
99.30 .: 100.2
3.31
3.48
:.Non-Ferrous Metals
"234
-
Bid
-
3.91
"5V4
2
«;1
1
1, 1950-1949.—
3.47
3.54
.
3.U7
shares _llc
-.-General ' Industries
15:41
Beneficial Corp
.
;1%s Oct.
3.21
THome-Furnishings shares. —lc
•
7.55
Blair -Holdings Corp—
•
—lc
v
•18%
6.08
Figures after'decimal:point represent
i
Ask
Business Equipment shares_lc
'338
8%
"Bid
Federal Land Bank {Bonds—
-Automobile "shares
28
3:63
Par
Managed Funds—
5.33
"
26'/a
Holding Corp
10
American
Business Shares—_1
Associated Standard 'Oilstofeks
Shares series -A—
2
Obligations Of Government Agencies
-Mutual Funds—
.
3.60
Amerex
'
V
4;86
1
-IV4
Aeronautical Securities
>
Ask
Bid
Par
Mutual Funds—
Odd lot sale (not included
in year's range),
b Big yield price.
dDeferred deliverj sales; (ibt
year's range). > e Ex-interest. >fFlat price,
k Admitted to
Admitted to trading n. y. Curb,
r Cash sales (not included
dividend.
(Un) Admitted to Unlisted Trading privileges.,
wd When
xEx dividend,
y Ex-rights,
z Ex-stock dividend.
included
in
change,
n
'•No par value,
tin default.-
tThese bonds are subject to all
listing on N--/• T^v c^ir
in year s tangei
tax stock
delivered.. wiWhen issuea.
-
•-■
-
Federal taxes.
'
;'4
Volume
169
Number 4787
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1263)
THE COURSE OF BANK CLEARINGS
,j';
Week Ended March 12
1949
...
Bank
this
clearings
week
will
Preliminary figures compiled by
show
decrease
a
based upon
us,
with
compared
a \year
ago.
'.total stands, at $15,344,377,259
against
this
center
there
is
$15,577,745,343 for the
same
gain for the week ended Friday of 1.4%.
a
1949.
*
*
1949
Chicago
i
,
'
618,693,651
...
Philadelphia-™-—
i
I
-
San
!
Francisco—
814,131
2,684,751
3,121,170
—14.0
827,000,000
839.000,000
1.4
3,137,552
856,000,000
2,614,605
1,013,000,000
—
5.3
536,865,569
—
287,025,500
—
—
1.1
337,030,000
375,343,000
-'352,797,183
360,602,655
) 391,304,928
—
232,027,206
—
3,262,042
2,620,432)!
4,835,723
—15.7
4,313,991] i'
2,390,510
2,117,49?
+ 18.5
4,848,999
2,122,98
+
3.2
7,712,325
6,344,08
6,167,138
872,623,351
1.2
6,606,201
1.5
—
.891,906,479
1
'
4,205,38
783.441,021
Fourth Federal Reserve
District—Cleveland-
7,380,983
155,337,647
158,111,593
266,697,475
256,065,150
6,634,293
30,863;000
•.
+ 11.3
6,466,811
1.8
4.2
160,768,981
291,779,340
+4.4
28,023,000
3.3
3,778,583
6,487,085
261,681,093
252,884,485
758,984,893
1656,139,422
—
+
29,556,100
4,735,333
4,583)451
+
6,379,817
5,712,995
+ 11.7
271,579,637
Youngstown
Total
Baltimore
!
4.6
3,096,750
6,092,253
Mansfield
1,0
815,339
757,000,0001
306,113,674
—11.3
766,777,256
—
.
4,775,063 :
143,773,861 »
223,758,323
22,995,600
(7
'
cities)
742,973,892
3.1
,
3,053)682 L
4,898,405,
7.8
229,796,951
466,141 !
2,577,029 I
7,877,605
859,805,478
(11 cities)
.(Pennsylvania—Pittsburgh
+ '2.1
2,893,709
858,147 J
8.8
+
—
—10.2
360,137,885
*
8,128,096
Coiumbus
1.3
316,600,000
1946
3 6Q9 902
Cleveland
:9.1
4,656,312
—
2,498,916
4,245,798
2,439,082
Ohio—Canton
Cincinnati——
>6.4
283,385,122
.
.
Cleveland
"
•
—
313,200,000
a—
-
Pittsburgh
;
;
1.4
+
"661,080,722
a
959,000,000
.
-
St. XiOUis
•
%
487,865,776
Kansas City
...
—-
'
Boston
s
1948
$7,892,283,898
1,240,012
1,058,984
York^
Total
$8,000,909,058
8.4
+
—28.8
—11.1
Wilkes-Barre
*
1,008,396
1,188,735
Delaware—^Wilmington
Week Ended March 19
'
$
1,114,800
;New Jersey—^Trenton
New York
'
1947
.991,454
Scranton
Our comparative
or
Dec. %
'846,350
...
Clearings—Returns by Telegraph
;
i 093 127
Philadelphia
Reading
'summary for the week follows:'
Inc.
$
District—Philadelphia-
Chester
At
1948
$
Lancaster
Our preliminary
week in
V;
Bethlehem
Saturday, March 19, clearings
year.
>.
Pennsylvania—Altoona
for all cities of the United States from which it is
possible to obtain weekly clear¬
ings will be~1.5% below those of the corresponding week last
■
Third Federal
Reserve
telegraphic advices for the Chief
cities of the country, indicate that for the week ended
47
,
j I
!:l.
V-,
Fifth Federal Reserve
District—Richmond—
M;
•
Ten
'
r
f
West
cities, five days—
$11,950,62^098 $12,058,328,006
Other cities, five days
11,
Virginia—Huntington
—
0.9
—
3.8
1.0
2,621,578,705
South
Total all cities, five days
,
:
All cities; one day
; '
1
L'.
772,177,456
Total all cities for week
issue of next week.
our
,,795,026,647
the week covered
at time of
,
j
jin^s for
,in the
appear
was a
of
of
are'
larger by 4.6%.
In the Kansas City Reserve District the totals :show
4,516,348
1.7
3,553,525
-:84,768,343
+
2.9
'81,984,061
71,986,659 1
1.5
85,138,100
6,554,289
79,661,911 i
i
In the
*
'■'•••'
following
we
'
furnish
'
^
V
'
.-.r
a
SUMMARY
Week Ended March 12
Federal Reserve Districts
1st-Boston-;
3rd
5th
ill
V
—7
6
—51.0
+ 26.7
413,529
113,181,037
102,639,528 t
570,733,986
+
8.6
592,182,513
521,245,764
I,555,724
6,527,490
—32.4
5,817)027
—11.2
48,728,000
5,980,197
+2,819,641
;
*
3,839,486
29,115,533
1,053,644
1,088,565
731,295,236
2,779,963
2,814,972
11,241,152
II,292,643
7th
Chicago
St.
6th
10th
16
—
Louis
Minneapolis
.7
Kansas-City——
10
Outside New York
•«
"
We
City—
add
now
our
1.5
—
3.1
758,984,893;.' ' '656,139,422
388,302,670
—
0.6
373,358,020
570,738,986
8.6
592,182,513
;891,906,479
—
6.9
—
1.6
1
783,441,021
426,121,779
* 326,318,096-436,806,993
+
+
4.6
'
;521,245,764
.756,917,132
273,125,520
;
261,178,487
+
4.6
235,163,890
—
2.5
664,361,538
(567,246,792
13,441,032,484
—
5.7
6,431,627,891
6,459,337,603
—
0.4
—
North
205,009,737
704,997.965
12,673,411,379
detailed statement
13,331,381,335
Total (7
Clearings at—
$
.
First Federal Reserve District—Boston—
Maine—Bangor—
—;
\
1,805,243
1
1,879,180
5,729,437
23,303,264
9,459,941
Rhode Island—Providence-.
J. 1,273,575
—
5.8
~
-1,691,392 "
'
1,259,209
Pueblo
1,689,132
675,763
Total
Second
New
'
cities)'
480,220,032
:;V.
Federal
Reserve
District—New
5,005,943
4,959,509
'Buffalo
:
Elmira-
9.5
22,696,897
+
—
—
2,695,354
Jamestown
3.2
r
Syracuse
2,556,830
1,467,135
25,739,400
22,669,500
1,459,737
1,000,053
513,553,878
-
1.1
V,
I
■:
Connecticut-rBtamford
Jersey—Montclair,
5.4
2,447,823
78,900,787
1,547,768
'
Newark
6,922,052,007
Northern New Jersey
Total (12 Cities)
19,115,581,^-. 8.3
10,650,905
11,233,462
9,232,207
+21.7
9,930,314
710,396
620,521
+14.5
680,498
37,843,622
>44,174,627
-49,719,156
6,495,682,667
7,230,490,579
1,743,674
1,311,498
1.6
426,121,779
383,017,918;
4.3
5,762,399
237,917,402
182,962,998
—
96,020,754,
3.7
3,108,657
+
3,306,980
+ 12.3
7,037,489
+ 49.0
326,318,096
+
413.150
626.151
6,672,047
+
3.8
512,945
+
2.6
7,634,368
5,481,79?-
116,262,146
+
3.0
122,473,041
89,934,996 j
4,982,960
—
—
+ 53.8
6.9
4.6
59,631,200
340,879,347
263,018,519
4,499,609
2,462,513
2,523,865
6,319,039
j-
+ 74.4
377,075
257,355|
364,16?
5,206,226
+ 30.0
5,736,347
+ 12.0
282,350,310
10,579,141
1,936,099
+ 27.0
10,586,008
281,196,791
10,212,623
2,090,708
6,763,970
1,628,963
I
1,726,128
+ 23.5
1,471,199
1,602,811
:
436,806,993
5.9
442,291,105
362,595,624
0.8
6,622,695
190,710,000
+
3.0
—11.2
-^10.2.
-
7,130,707
213,294,000
22,301,811
5,300,000
37,432,764
-^,169,159,200
261,178,487
+
—
+
6.3
2.1
4,624,877
7,893,543
244,043,145 j
—
+
4.7
+ 11.2
111,199,213
3,604,734
3,361,796
136,123,175
+ 19.6
—
6.2
9,265,754
+
4.6
235,163,890
205,009,737
—11.9
94,423,193
79,896,748
■+
7.2
4,108,209
3,713,14?
+
0.5
+
1.2
96,296,113
45,565,119
'36,934,158
135,489,558
50,485,362
110,305,541
+ 30.6
10,476,585
9,155,654
+ 14,4
353,932,256
361,491,086
9,589,824
11,142,698
3,868,286
4,176,711
7,625,557
8,190,346
Jose
Santa Barbara™
Stockton
Total
7,691,360
(lo cities)
Grand Total
;
*Estimated.
tNot included
*
..V
'-flr
4,127,000!
2,567,780
7,591,886 (
'K
V
"
n,
■$
■
t*
•
W
w
fr
W
-<i»
"■
tt
r»
W
V
*
10,564,144
8,363,474
7.4
3,889,665
3,213,180
6.9
7,074,890
5,947,292
—
—
704,997)965
—
2.5
664,361,538
—
5.7
13,331,381,335
6,459,337,603
—,0.4
6,409,329,328
W
*
-V
Tr
.
6,858,151!
384,324,570
.13»441)032)484
totals.
9,232,3311
2.1
'(6,431,627)891
in
79,619,620)
—13.9
—
>687,706,232
JNot .available.
V
9,764,484
'8,351,151
,12,673,411,379
(111 cities).—.
Outside New York
7>429,581;359
Mr
8.9
13,463,386
-143,912,106
•*,
—
51,110,343
San Francisco
San
32,984,958
.
5,982,518 j
167,338,000
17,402,553 '
21,252,868
4,698,000
2,614,573
ii1
97,912)086
Pasadena
^-689,556
49,907,353
9,284,798
273,125,520
Utah—Salt Lake City
'9,449,067
-.
3,349,171
8,712,385
(6 cities).
5,818,000
4,004,219
Oregon—Portland-
16,651,222
'
i
j;
4,619,295 j'
77,782,725
5,443,130
3,364,124
3,066,758
7,542,809
11,035,595
7,074,300
California—Long Beach
7,238,616,199
18,876,184
6.1
38,989,758
64,985,666
—17.4
0.1
24,789,999
Yakima
1,491,965
11,943,417
>
74,073,164
Twelfth Federal Reserve
District—San Francisco-
1,241,937
2;Q29,231
—10.6
J:
116,704,941
+
223,244,617
Wichita Falls
.64,422,197
11,214,612
—
233,600,000
462,416,210
cities).
Galveston™^_™_„»-_l-_^-__.
2,149,276
8.7
3.9
—10.8
—
2.0
3.1
2,132,340
Louisiana—Shreveport
10,281,516
+
+
2,124,400
A17.524.433
i
34,703,566
—
6,981,894,881
:
220,700,000
<
1.6
+
504,735,280
"'V'.'•
+43.7
1,894,210
•
85,794,284
—
—
2,459,300
Fort Worth.
7,919,006
.' ■''
76,649,332
756,91.7,132;
Eleventh Federal Reserve
District—Dallas-
18,134,222
9,810,453
0.9
6,241,783,688
•
I; New York-^——
New
—
37,523,497 "
1,524,185
1
—
——
'Rochester—
53,922,342
70,015,600
-
923,418,69rf
10,362,279
Washington—Seattle
Binghamton
6.9
300,272,055
City
Texas—Austin.
York—
•••'.
—
1,881,740
5,887,232
AAA A) sA~:7A'AA'A^:'--'/
York—Albany
3)435,371 i
2,519,105 j
648,123
1,873,822
-7,184,916
—14.3
485,557,873
4,422,698
3,212,058
796,401
6,766,919
;
(10
Total
Total (12
ty'/'n. S;
2.8
—
3.^,
12,362,362
Joseph_^^._i»J
Colorado—Colorado Springs
434,437,275
3.4
+
1,284,606
0.9
+
—
119,843,179
;
St.
i 4,250,279
,
,
1,781,694
25,800,400 >—11.8
:
—
—
+
720,654
Kansas—Topeka
$
431,427,032
0.8
,,230)996 !
—
3,440,981
19,683,75d 1
9,890)920 |.
5,032,833
*650,000
...
Missouri—Kansas
4,206,829
.
0J.
10,455,496
1.5
+
46,151,823
6,847,122
cities).
Omaha
—15.1
9,775,728
22,760,200
Hampshire—Manchester
+
7,001,944
25,515.841
—
"
9.4
2,323,264
0.5
7.5
78,543,067
Hastings
1946
$
—15.3
818,971
4,910,114
—
N6w Haven————
'
—
7,354,869
Connecticut—Hartford
;
—
1,595,164
-.
Springfield—
.
4,893,350
825,706
——
Worcester
—
401,517,543
1,529,284
■New Bedford
New
1,748,207
2,844,404
—
341,266,669
;
Wichita__.
4,608,853
•
F^ll River—„
.
Dec. %
598,695,248
1.2
t
8.1
10,483,895
Lincoln
1947
•
398,802,699
——-—.
Massachusetts—Boston
Lowell
(Inc. or
$
v
1.583,786
—
Portland—
1948
7.3
59,961,735
4,000,385
27,895,392
15,207,731
1,113,021
719,353,445
—
Tenth Federal Reserve
District—Kansas City-
Week Ended March 12
;;
—10.5
3,714,032
Dakota—Fargo
5,541,448,363
showing the figures for each city for the
'
1949
;
3,969,399 ]
224,306,110
Nebraska—Fremont
-V-
^
40,956,000 ;
4,985,845
+
4,817,417
Helena__
'
; :
452,472,047
Montana—Billings
week ended March 12 for four years:
.
i
1.2
+ 11.5
3,643,570
78,595,792
7,663,931
3,323,924
South Dakota—Aberdeen
12,780;064,562
6,409,329,328
.
i
5,359,296
48,413,000
232,667,678
St. Paul
'362,595,624
687,706,232
-
1,375,381 !"
8,288,791
4,510,132
District—Minneapolis—
Minneapolis
263,018,519
442,291,105
2,112,255
Minnesota—Duluth
'383,017,918
340,879,347
5.9
Ninth Federal Reserve
115,465,508
1,745,460
Total (4 cities)
249,100,000
111,912,363
87,199,872
347,115,994
'
.
923,418,693
452,472,047
462,416,210
—111 cities
Total
-r-
766,777,256
341,266,669
_
"
-10
Dallas
San Francisco-
,872,623,3^1
944,768,181
944,768,181
244,200,000
Tennessee—Memphis
Illinois—Quincy_.
879,514,664
4,998,724
445,057,695
7,429,581,359
445,057,695
"
Louis
7,169,159,200'.
619,712,401
"
6
11th
12th
Missouri—St.
Kentucky—Louisville
—10.2
/ +
299,928
$
504,735,280
385,929,919
v
<9,726,547
5,329,846
3,304,766
879,514,664
-
513,553,878
742,973,892
4
—
$
5,466,007 c'
Eighth Federal Reserve District—St. Louis-
859,805,478
-
4,953,273
3,395,924
cities)
1,137,794
8.8
14,160,402
677,837,504
Decatur
—21.0
—
t
64,131,406
3,528,034
26,925,002
14,378,808
1.1
—
9.3
+
.10,118)010
57,385,434
Chicago
1946
V
886,971
Springfield
1947
or
Dec. %
7,230,490,579
"
—-
$
6,495,682.667
"
10
Richmond
Inc.
485,557,8^3
"
6th Atlanta
1948
3,573,522 '
2,865,144
•6,403,093
6,667,-763
City
Total (16
189,400,000 '
104,806,546
Illinois—Bloomington_
' \
—
49,330,000
CLEARINGS
480,220,032
"
Philadelphia—
8th
Cities
—12
Cleveland—
•4th
BANK
$
•
-12
-
,2nd New York--—-
OF
1949
'
226,200,000
5,166,371
Iowa—Cedar Rapids
Des Moines
summary by Federal Reserve Districts:
7.4
+
1,229,717
'Peoria
;"'VV'"
51,786,664
7,000,572
434,783
Rockford
"'•'7/
88,681,538
13,566,401'''
9,227,167
4,414,908
Wisconsin—Milwaukee
1
-
17,193,910
53,447,714
'District—Chicago—
Terre Haute
increase of 5.9% and in the Dallas Reserve ^District of 4.6% hut in the San Francisco
Reserve District the totals show..a decrease of.2.5%.
+ 17.5
5.5
+ -8.1
—
619,712,401
cities)
South Bend
an
i.
+
Indiana—Fort Wayne
Sioux
1:
132,830,850
Indianapolis
gain of: 8.6%. In the-Chicago Reserve District the totals are smaller by'0.9% and in
the St. Louis Reserve District by 1.6%.&ut in the MinneaipOlisiReserve'District the
i
3,420,192
Michigan—Ann Arbor
a loss ?Of ;;3i,l% and
the: RichmondReserve District of .0.6% shut the Atlanta Reserve District
enjoys a
61,113,486
347,115,99
3,694)964
Grand Rapids
.,
373,358,020
290;000,000
Lansing
Reserve District;of 1.5%. -The- Cleveland Reserve District
suffers
totals
:
1
—.
^Seventh Federal Reserve
1.1% and in, the .PhUadOlghia
•66,892,128
0.6
61,090;513
87,220;744
87,381,173
Mobile
:*
6.8
+
93,333,881 j]
2,903,539 ;
16,086,826
Mississippi—Vicksburg
Total (10
178,982,459'
3,478,265
Florida—Jacksonville
.-week in 1948.
100,541,528
3,323,714
190,236,944
4,340;716
Louisiana—New Orleans
$13,441,032j484
65,931,392
8.2
66,018,759
215,800)000
Alabama—Birmingham
the week
decrease Of 5.7%, the aggregate of clear-
>1G.2%, in the Boston Reserve JDistrict
388,302,670
Macon
—
9.7
0.1
2,058,649 j
8,724,000
15,206,539
Augusta—
I
+
+
—
2,289,706
10,074,000
District—Atlanta-
Georgia—Atlanta
according to the Federal Reserve Districts in which they are docated-and from this
it appears that in the New York District
(including this city) the ( totals ^record :a
'decline
„
3.2
-
3,660,768
385;929;919
Columbia—Washington
4.5
+
201,989,554
Tennessee—Knoxville
press.
Outside of this- city there was M, loss.-of
0.4%, -ihebank
at t.this .center have recorded »a /decrease of 10J6%. We
group the cities
hearings
3,662,322
(6 Cities)—
Sixth Federal Reserve
present further below
we
the Whole country having amounted io $12,673,41l,379^against
same
102,520.868
2,755,088
185,399,621
70,439,572
Nashville
going sto
able to give final and -complete results of the1 week
previous
^ending March 12. For that week there
of
Total
has to be (estimated.
cases
>In the-elaborate, detailed-statement, however, which
we are
District
1,5
..by the foregoing \ will
Saturday, and the Saturday figures are not available
,Accordingly jn fhe above the last day of ihe week in all
;
2,9
—!
Carolina—Charleston
Maryland—Baltimore
f
We cannot furnish them
today, inasmuch ns the week
ends
,
—
$15,344,377,259 $15,577,745,343
Complete and exact details for
in
11,445,000
112,474.306
Richmond—
—
2,879)098
11,075)000
Virginia—Norfolk
^2,724,390,690
$14,572,199,803 $14,782,718,696
-,
333,468,695
567,246,792
12,780,064,562!
5,541,448,363
48
THE
(1264)
COMMERCIAL
FINANCIAL
&
CHRONICLE
Monday, March 21, 1949
PARTIAL
Foreign Exchange Rates
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal
to the Secretary of the Treasury the buying rate for cable transfers in the different
Cive below
record for the week just passed:
a
a'.-
'
CERTIFIED
RATES
EXCHANGE
FEDERAL RESERVE
BY
MARCH
TO-MARCH
1949
11,
BANK
Reserve Bank certifies daily
countries of the world. We
'
-
.
,
UNDER
TREASURY
TO
Cleveland
1st
TARIFF ACT
OF
1930
Union
Terminals
5 72% bonds, series A
5% gold bonds, series B
Co., Inc., 5% preferred stock
Foil
Connecticut Power
1st
Country and
Unit
Monetary
Buying
United
Cable
for
Rate
States
Transfers
New York
in
,
f
Apr
1
Apr
1
3
Apr
1
1005
3
Co.—
&
gen. mtge, 3% 7*
Series A bonds, due 1965
Apr
Bros,, Inc., $2.50 convertible preferred stock-Apr
Harris-Seybold-Potter Co., 3%%> debentures, due 1960 Apr
Indiana Gas & Water Co., Inc., 1st mtge. 3
78s, due 1970-Apr
Money
•
1004
,
1
<•
1
1007
1
1007
1
Goldblatt
in
Value
Noon
Page
'.
Co.—
mortgage
mortgage
1st
.*.
,
INCLUSIVE
1949,
17,
Date
Co., 20-yr. 3% debentures, due 1962.-Apr.15
Corp.fof America, 3% debentures, due 1965
Apr
1
Celanese
Cochran
FOREIGN
REDEMPTION
Company and Issue—
American Tobacco
1008
Kansas-Nebraska Natural Gas Co.—
Mar. 12
Mar. 11
v
For
For
"non-regular" products
products-.
For certain industrial
.—
Australia, pound
Belgium, franc_.
•
France
.251247"
.200000"
Closed
.200000"
Rio de Janeiro
'•
.022750
'
' •' ;
'
j
57*
3.212313
3.212313
3.212313
3.212313
1.000000
1.000000
1.000000
1.000000
.930625
.929843
.301166
.301166
United
.020060
.020060
.208535
-4.031484
.208535
.208535
.208535
4,031484
4.031484
4.031484
4.031484
-
Closed
.004671"
.004671"
.003136"
.003136"
.003138"
.003136"
.301678
.143377
.376000
.301678
.301678
.301678
i
.
1st
2%%
.
Netherlands, guilder
Date
.143413
.143584
.143584
.376000
•
.143461
.376000
.376000
.376000
.931875
3.991542
.201580
.497200
.040325
.470833
.278228
Zealand, pound
Norway, krone
Philippine Islands,
peso
Portugal, escudo
—
fitraits Settlement, dollar
-----
♦Sweden, krona
Switzerland, franc
•
Uruguay, peso
.
Uruguay, peso
——
Uruguay, peso___
"Nominal
+ Application
rate.
depends
mortgage and
general
2% -3y2 %
type
upon
thousands
of
1949
v
Assets—
''
"
certificates
Redemption
fund
for
-F.
613,773
*
Total
gold ctf. reservesi
Discounts
429,486
—
loans
Govt,
66,184
2,850
—
securities:
Bills
+
Certificates
6,483,769
Notes
69.850
+
5,087.353
50,000
—3,579,048
+ 2,194,044
341.050
Bonds
20,562
+
3
—
1,196,561
—
226.525
+
752
+
3,259
—
22,698
—
10,000
+
343,745
advances
and
1,219,259
+
1
—
23,057,202
cash
Industrial
$
10,001
+
R.
notes
Other
1948
149_,077
—
+
.278228
.278228
.233629
3,944,997
U.
S.
Govt,
securities.
29,227
21,499.872
.
+
.658300"+
.658300"+
JF. R.
Notes of
Uncollected
Bank
other banks
.588223"+
.588223"+
.561799"+
.561799*t
.531909"+
.531909-+
Dividends
.588223*+
.561799"+
.531909"+
first
Other
+
+
32,180
assets
summary
of the assets
—
48.907.745
assets
Federal
and
1,911
22.881
4,328
159,194
—
3
and
'
S.
bank—reserve
Treasurer
—
acct.
—
19,936,083
591.471
+
—
739,789 A.
"Other5
Mar. 10,
1949
1948
+
2,219.813
Loans
78.417
464,990
—
487,443
512,340
+
2,585,404
—'
119,352
5,155
+
9,827
—
industrial,
brokers
■+
+
+
397,660
2,859,657
+
733,114
12,668
+
836
availability items
Other liab., incl. accrued divs.
' "
and
Government
48.076.408
and
Aberdeen
204,229
dealers
(Section
loans
Extra
S.
securities
U.
8.
for
Aetna
of
serves.
note
gold
to
+
+
2,720,371
129,928
—
Ainsworth
Air
Contingent
liability
purchased
for
respondents
Commitments
on
foreign
1,053.193
-
to
make
Government
Alabama
Albers
+
2423,571
Allen
41
—
433
+
—
+
22
61
—
2
—
98
$208,000,000 in
Book
American
Bosch
creased
1
3-17
4-
5
3-24
3-30
3-26
4-
1
3-11
4-
1
3-22
Co.
(St.
Louis)
8
3-25
4-
1
3-22
4-
1
4-
1
3-17
25c
(quar.)
4-
1272c
4-15
3-31
6-
5-15
3-22
—
(quar.)
1
$1
5-2
4-21
25c
4-15
4-
$1.25
(initial
quar.)
(initial quar.)
preferred
-
5-31
5-16
5
American Car & Foundry
7%
Co.—
preferred
(quar.)
non-cum,
Electric
Securities
preferred
$1.75
.
Corp.—
4-
5
3-29
3-31
3-25
.
(accum.)
10c
89
Arundel
50
Atlantic
490
Atlantic
+
+
12
+
13
Atlantic
—
16
+
279
Atlas
Steels,
Atlas
Thrift
Plan,
.
264
Treasury certificates of indebtedness
5.060
+
12
1,026
—
Cash
25,037
securities
in
Reserve
45
Beaton
2,202
Bickford's,
—
1
+
8
—
208
+
1,460
$1
+
65
+
3
Bird
—
58
758
2,219,813
2,071
.
—
245
deposits
adjusted
Government
deposits
Interbank demand deposits:
deposits,
U.
46,072
Government
Domestic
except
0.3 %
+
0.1%
+
852
2,650
4*
38
+
62
—
26
+
374
61
+
509
1,509
Son,
Class
banks
-
8,645
week
51
—
1,418
9
+
,212
17
—
—
395
+
65
.—
76
18,797
—
4.913
tBeginning June 30, 1948, individual loan items are reported gross,
1.e., before deduction of valuation reserves, instead of net as previously
reported.
Year-ago figures have been adjusted to a gross basis.
member
securities
and
a
decrease
Redemption Galls and Sinking Funds
balances with Federal Reserve
Notices
Below will be found
including
and
those
common
stocks
bonds, notes,
redemption,
fund provisions.
called
for
under sinking
redemption or last date for mak¬
ing tenders, and the page number gives the location in
the current volume (except where indicated) in which
the details were given in the "Chronicle."
called
and agricultural loans de¬
$14,000,000 in New York City, $12,000,000 in the
San
Francisco District, and a total of $41,000,000 at all
reporting member banks. Loans to brokers and dealers
for purchasing or carrying securities other than United
States
Government
securities
decreased
$22,000,000,
largely in Chicago.
bills increased $83,000,000;
the
*
NOTICES
Company and Issue—
OF
.
.,
-f»
.
"
Date
Page
Valley RR., 1st & ref. mtge. 472S, due 196UApr..l2.
Cooper Distributing Co. (formerly Cooper Brewing Co.,
Inc.),.:class A stock-.
4
Monon Coal Co,,
1st-mtge.,income bonds,
llll
1955_Mar 25
1009
3-18
3-31
3-21
5-
2
4-
4-
1
3-15
3-31
3-23
4-
(quar.)
1
3-23
3-14
4-
+I0c
+25c
4
3-21
50c
3-25
1
4-15
3-31
(quar.)
3-31
3-30
3-18
25c
pfd.
4-15
10c
Inc
3-30
3-18
4-
1
3-22
4-29
4-14
'
$1.05
—
(quar.)
$1
40c
of
Boston,
Co.
(quar.)
Finance
Plan,
4-29
4-14
1172c
Inc
3-28
3-18
3-28
3-18,
70c
Corp.
Property
Inc.,
4-11
3-21
3-31
3-28
3-18
+25c
A
1
4-14
3-31"
$1.25
class
2
4-
4-21
lOc
(Mass.)
5-
40c
20c
(quar.)
Trust
3-25
3-12
10c
B
1
...
preferred
(quar.)
3-28
4-15
3-28
3%c
4-15
3-28
15c
(quar.)
4-15
2 74c
(quar. 1
Extra
4-15
3-28
Manufacturing—
72%
convertible
non-cum.
Butler's,
472%
Camp
Inc.,
preferred
preferred
common
preferred
B
General
Motor
Carter
(J.
Corp.,
W.)
Sugar
Central
Coal-
Coke
Central
Electric
&
preferred
preferred
States
6%
preferred
C
Telephone
4-
1
3-15
3-26
3-15
3-26
3-15
4-
1
3-31
4-
i$2
(quar.)
Ltd.
(quar.).
1
3-19
+I5c
3-15
3-11
J30c
4-15
3-11
10c
4-
8
4-30
4-
8
3772C
4-15
3-31
50c
Co
3-25
4-30
25c
Co
3-31
50c
(quar.)
5-
4-15
1
Gas, common
(quar.)
20c
3-31
3-17
593aC
3-31
3-17
(quar.)
6272C
3-31
3-17
3.407c
Electric, 7%
B
Central
Co.
Co.,
Central New York Power,
preferred
3-15
+$5
(quar.)
(quar.)
Aguirre
&
3-16
1
15c
_
Company
Central
4.75%
(quar.)
(Toronto)
Electric
common
preferred
1
4-
287ac
:
——
Celotex
4-
1272c
common
Co.
Lamp
Extra
1
15c
Life Assurance
Canadian
4-
317jc
(quar.)__
(quar.)
Co.,
3-16
28 7ac
(quar.)
Canadian
5 7c
(quar.)..
(quar.)
Manufacturing
6%
Mar 25
due
3-25
1
3c
Class
Central
Aroostook
3-22
1
567ic
_
Personal
$2.50
TENDER
1
4-
4-
-
50c
Co,^.
Herald-Traveler
Canada
The date indicates the
industrial,
(quar.)
common
Edison
Class
list of corporate
a
4-
tnVaC
(quar,)—
(quar.)
Boston
6%
3-28
30c
A
Boston
5%
preferred
preferred
Mfg. Co._
Boston
4
Reserve
7%
B
Fund
Budget
indus
4-11
+25c
Bowling Green Fund (quar.)
Bright (T. G.) & Company, Ltd
Brinks,
Inc.
(quar.)
,
5
3-25
25c
Birmingham Electric, 4.20%
Bon Ami Company, class A
Bond
7
4-
1
$1
Extra
Borrowings
Debits to demand deposit accounts, except
interbank
and
U.
8.
Govt,
accounts,
during
40
+
1,730
Foreign banks
__
—
—
15,131
(quar.)_
'
Hats, Ltd.,
Machine
&
4-
4-15
4-
20c
Inc.
preferred
Bird
:
^
Cadwell
&
Biltmore
—
14,196
Banks
vault
+
8.
472%
1,032
1,553
4,289
Federal
Co
Corp., common
preferred
(quar.)
+
2
25c
;
Bros.
—
3
+
Barker
3-22
5-
$1
City Sewerage (quar.)
Greyhound, 4% preferred
Steel
3-30
50c
common
Ltd
278
::
3-21
$1.25
Corp.,
Company
Corp. (quar.)
—
3-31
15c
Glass
—
3-25
3-21
13%c
—
(quar.)
1
—
with
Hocking
preferred
3-18
4-25
3-31
$2
(quar.)
(quar.)_„
2
83
U. S. bonds
preferred
3-31
15c
1272C
(quar.)
Steamship Co
Zinc, Lead & Smelting—
preferred
Anchor
25c
-
convertible
American
$4
Co
4
+
1,060,112
cor¬
4-
Corp.—
+
2,083
+
bills
Holdings of Treasury
Co.
common
5%
3-25
3-22
30c
quarterly
American
+
Liabilities-
Banks.
Commercial,
<+
3-25
1
40c
Ins.
—
Treasury bills
Demand
reserve
4-
3-31
6272c
(quar.)—
Asphalt Roof Corp.
192
....
Balances with domestic banks
Government
til
Holder«
$1.50
(quar.)
common
preferred
Sugar (quar.)
Automobile
New
1
15c
Inc.,
convertible
American
Amer.
4-
20c
preferred
Angerman
2,987
71,191
"
System in leading cities
shows the following principal changes for the week
ended March 9: An increase of $137,000,000 in holdings
States
(quar.)_
Iron
&
Amalgamated
$5
—
18,522
The condition statement of weekly reporting
United
preferred
Industries
$2.50
American
Condition Statement of Member Banks
of
Fuel
Allianceware,
Bush
of
When
50c
(quar.)
Super Markets, 6%
57i 'k
137
+
6,529
re¬
banks of the Federal
Co.
Screw
4,086
securities—total-.
+
:
+1
Inc.—
Seal-Kap Corp. (Del.)
Spring of Holly, common
3,821
L——
4,486
trial loans
j
!-'»
'
Payable of Rec.
40c
(quar.)
American
497
-
6,230
.
in
25c
(Hartford)
convertible
non-cum.
437
-
+
51.0%
Mfg.
Investors,
$2
Co.
American
+
27,543
combined-
Insurance
American
,
132.854
■
466.711
certificate
table
20c
(increased)
897
33,206
1,882
—
deposit and F. R.
liabilities
Corporation
1,039
2,082
pur¬
loans
Time
Ratio
168.
are:
272c
Admiral
+
purchasing or carrying:
Government obligations
+
accounts—-
week
172c
+
for
689
13b)—
capital
this
(quar.)
—
obligations
+
7)
(Section
Gther
second
a
Share
70
»
48.907,745
Burplus
fiurplus
announced
Petroleum
Participating
agricultural
Loans to banks
Reserve
in
flVol.
previously announced, but
Company
66
+
426
Real estate loans
Other
paid
167.
Department" in the week when
66
securities
Other
a
6,323
Capital Accounts—
Capital
§Vol.
Per
American
Treasury notes
21,754,736
Deferred
News
—
carrying:
or
S.
U.
85,792
214,436
Other
deposits—-—
166.
follow with
we
—
62,046
15,106
to
Other
■
Total
Then
24,551
Commercial,
U.
acct.
gen.
+Vol.
24,843
Investments—total
Loans—grosst—
17,761
+
'
Loans
Other
Member
Issue.
grouped in two separate tables.
are
dividends
Name of
*
(in millions of dollars)
Loans—net
656
—
+ 1.060,112
23,449,297
Foreign;
,
1012
11260
—
show the dividends
we
The
1
Mar. 2,
1949
Deposits:
U.
this
Investment
New
"
Assets—
chasing
notes—
1951
declared.
Dec. (—) Since
v.-
Reserve
due
5s,
In
week.
Increased
1,190,277
—
880.871
—
149,382
Liabilities—
§1591
1
Corporation
liabilities of reporting
and
loans
Total
H2226
1
'
■—
3,277,607
k
1
Jun
2024
which have not yet been paid. Further details and rec¬
ord of past dividend payments in
many cases are given
under the company name in our "General
member banks follows:
46
due
In the
bring together all the dividends announced the
we
current
tic banks decreased $51,000,000.
1,126,943
—
.
117.470
items—
premises
197,295
+
49
foreign banks
1008
DIVIDENDS
.658300"+
Mar. 9,
21.930,110
.
from
Due
mortgage
4.00750U
Inc. (+) or
Total
due
Coal, Iron & RR. Co.—
.233629
4.007500
principal changes were increases of $49,000,000 in New
York City, $21,000,000 in the Chicago District, and $18,000.000 in the Atlanta District, and a decrease of $20,000,000 in the Cleveland District. Holdings of Treasury cer¬
tificates of indebtedness increased $12,000,000.
Holdings
of United States Government bonds increased $25,000,000
in the New York District and a total of $45,000,000 at all
reporting member banks.
Demand deposits adjusted decreased in six districts and
increased in the other six,.and the net decrease at all re¬
porting member banks was $40,000,000; the principal
changes were decreases of $89,000,000 in New York City
and $55,000,000 in the San Francisco District, and in¬
creases of $59,000,000 in the Atlanta District, $38,000,000
in the Richmond District, and $23,000,000 in the Min¬
neapolis District. United States Government deposits de¬
creased $61,000,000. Demand deposits'credited to domes¬
A
bonds,
Inc.—
Co.,
1967
due
.278228
.233629
4.007500
"Temporarily omitted.
—1,433,050
9,587,700
—
1007
1
Any time
bonds,
.470833
which
Mar. 17,
$
22,443,429
—
.470833
.531909"+
1949
15
Apr
debenture
472s,
•Announcement
.497200
.470833
.561799"+
Mar. 9,
Mar. 16,
—Apr
1958__Apr
Apr
mtge.
.040325
.588223"+
(—) since
crease
.497200
.040321
.658300"+
dollars)
1006
.201580
.497200
.233629
*
6 7*
England Ice
mortgage
General
.040325
.278228
merchandise.
of
1st
Co.,
New
Tennessee
4.007500
Closed
600
Mar 31
bonds, due 1949-1964
Power
.929375
.201580
.201580
+2410
Quebec—
3.991542
;
.
.470833
Increase {+) or de-
S.
3.991542
.040325
Reserve Banks Combined
U.
.927500
3.991542
Pag®
1
Mar 28
mortgage bonds
1st
Coal Mining Co.,
Cooperative Federee de
Ohio
1.000000
.497200
Statement of Condition of the 12 Federal
(in
Closed
.201580
4.007500
.658300" +
.588223" +
.561799" +
.531909" +
pound
Uruguay, peso
.
.233629
.
Union of South Africa,
Gold
.928125
3.991542
.933333
Free
New
1.000000
1.000000
1.000000
1.000000
-
July
.
La
Southern
-
1014
1967—-Apr
CALLED
474 70 bonds, series A, due 1961
Co., $1.50 conv. preferred stock™
End Avenue Building Corp.—
Oil
East
1st
.003138"
.301678
-
Newfoundland, dollar—
Official
1
bonds, due
ISSUE
Helvetia
___
;
1012
mortgage
5000
.004671"
'I:
and collat. trust,
mtge.
Eason
.004671"
004671"
Mexico, peso
607
1
Appalachian Power Co., 6% debs., series A, due 2024
Citizens Independent Telephone Co.—
(Metropolitan), franc-
India, Dominion of, rupee
1
25/8s, due 1976-Apr
1st mtge.
Corp.—
Company and Issue—
.020060
.208535
.
Gas
ENTIRE
;301166
.301166
.020060
807'
.
Apr
Power Co.,
.932031
Official
Free
5 %
1.000000
.934375
francs
St. Joseph Light &
.054406
804
1008
„
50-year mortgage,
cents
i
.301166
■
1
.251247"
.200000"
.020060
Bngland, pound sterling
I960—Apr
Tramway, Light & Power Co., Ltd.—
bonds and obligations de cinq
.251247"
.054406
rupee
—
1
.251247"
.054406
Czechoslovakia, koruna
Denmark, krone
May
Placid Co., 2nd intge. 3%
bonds, due 1972
Oregon-Washington RR. & Navigation Co.—
Refunding mortgage 3% bonds, series A, due
.054406
1
Ceylon,
1
Lake
$
1st
Official.
Apr
.297733"
;<S'A
$
Canada, dollar—
Free
1965
.297733"
.935781
Brazil, cruzeiro
3%s due
.200000"
3.212313
.'■> .022794"
.054406
.—v
mortgage,
.297733"
$
$
$
.297733"
.251247"
.200000"
.
"regular" products.
1st
.297733"
-
Argentina, peso—
Mar. 17
Mar. 16
Mar. 15
Mar. 14
pfd.
pfd. A
(quar.)
$2.50
.
1
5-10
3-15
3-31
3-15
3-31
3-15
3-31^
3-17
3772C
pfd.
6-
3-31
ZTVaC
(accum.)
Co.,
85c
43%c
.
(accum.)
(accum.)—
(quar.)__
_
627aC
'
■;il
'
V,
yvV
•'
j
Name of
4.15'/o
(quar.)
Century
Shares
Trust
Store
Chain
1
4 Va %
Fund,
Chemical
7%
Co.
Water
5 '/a 'Jo
Trust
Co.
Water
Y.)
Works,
Coca-ColaClass
Bottling
A
Collins
<N.
(N.
.
Bank
pfd.
5-
& Light
4-
1
3-18
Merchants
4-
1
1
3-15
Miller
4-
1
3-21
Minnesota
:
,
$2 pfd.
4-11
3-25
Mississippi
{$1.25
4-15
3-14
Missouri
4-
3-23
Missouri
Gas
1
3-11
Missouri
Power &
1
3-11
$1.37 Va
4-
$1.50
4-
;
5-15
75c
50c
Co.—--
Gas
Insurance. Co.
&
De
(W.
E.)
Spec.al
••
Decker
preferred
National
5-
1
4-
5
National
Fuel
Shares
' 25c
$1
Detroit
Edison
Co.
—
(quar.)
*
Credit Corp.—
participating preferred
Equitable
20c
—
Federal
Insurance
United
Fisher
Fire
Brothers,
Fuller
(D.
Co.
$3
preferred
(quar.)__,„
Fuller
Trust
E.)
(R.
Funsten
(This
4^2')
(N.
Slates
preferred
$4.80
3-17
$3,60
3'-21
preferred
Oglethorpe Fund
4-1
4-1
4- 1
3-25
Ohio
3-25
Ohio
3-25
$5
4- l
3-25
Oilgear
4- 1
3-16
Oklahoma
50c
10c
20c
4- 9
3-31
4-15
4-15
3-31
4- 1
5-2
5-14
3-31
4- 1
4-15
4- 1
4- 1
3-31
4-15
4Va%
Razor
Co.
(quar.)
5'/4'a<
(quar.)—
3-15
4-25
Participating convertible
Oxford Paper Co
4-30
Pacific
3-18
Pacific
Western
1
Packer
Corporation
5'/«
4-
3-21
3-21
Park
44-
1
1
3-22
4-
1
3-21
Philadelphia
4- 1
3-15
Philip Morris & Co,
4- 1
3-15
6%
5-16
4-25
4'?«
4-11
3.60'^
4-
4-1
,3-11
.
4- 1
62tic
Piophet
5-
Providence
15c
I.V4C
tic'
Fund
(quar..
(quar.)
Bancshares
——'—I
(The)
Interstate
5%
prior
A
Ironrite
Co.
Ironer
Creek
Island
Coal
common
preferred
7r/o
Johns-Manville
(quar.)
3ti'/o
6%
pfd.
(quar.)—
(quar.)
Keith
25c
Kendall". Refining
$1.25
15c
$1.25
Co.
(reduced
"
4tic..
58tic'
12Vic
Knapp-Monarch Co, (quar.),,—',5c
Salle
Extra
St.
1
4-11
4-
3-18
4-1
4-30
4-30
5
4-
5
<
3-21
3-21
3-16
3-22
3-31
3-31
3-17-
4-10
3-31
4-10
30c
4-15
3-31
45c
4-15
(N. Y.T (quar.)!,,25c
4- 1
20c
Extension University■ (quar.)—7Vic
5c
——
preferred
Lawyers Trust
Leath
.
<fc
-$2.50
Lehman
(quar.)_————
Co.
_
(quar.),,——3
25c
(quar.)_—__„—_
62tic
4- 1
4- 1
30c
4- 8
Company,
preferred
common
Corporation
Stores,
Shamrock
Oil
5'/o
&
Clark
Gas
,
3-31
3-21
3-2l"
3-21
3-28
3-24
3-21
4-20
4-
Water &
ShawmuL
of
4-
4-15
4-15
1
4-14
(quar
1 *
5-
1
4-
1
3-15/
'
;
4-
I *
3-22 "
,
4-20
3-31
4-20
1
3-18
4-
1
3-18
4-
1
1
3-24
4-
1
4-
1
3-31
3-25
4-
1
3-15
$1.75
4-
1
3-15
3-
3-15
75c
5
4-15
3-25
20c
3-21
3-30
4-
1
4-
"
1
5Vo
v
3-31
1
3-15
4-
1
3-15
{28c
7-
1
6-15
{5c
7-
1
6-15
10-
1
9-15
10-
1
9-15
75c
4-
1
{10c
"■
5c
I
_I " ~
"r
(quar )
jT
' ~
$1.25
22c
4-
4-
1
3-21
3-31
<quar.)_T_T_~
4-
2
4-
1
3-23
4-
1
3-24
3-15
3-10
50c
4-
1
$1.06 %
(quar.)
Fund
4- 1
(quar.
X
3-31
3-18 (
3-25
3-17
4-
3-20
$1.25
1
40c
1
4-14
4-
1
5c
4-
1
3-23
5c
3-30
3-18
$1
(quar.)
4-
$1.12 Va
IncI—
Trust,
4'io.
1
4-15
•'
<
3-21;
V 4.
1
-
I
$1.25
4-
?-f 2
1
37 Vac
4-15«
3-31 )
A..(qu^r.7T_,I_IIIIIIII_III
3 7 Vac
4-15
3-31
Southern New England Telephone Co. (quar.)
$1.50
4-15
3-31
20c
Co
w
1
3-15
1 /
3-
4
'1 ,50c
4-
1
3-
4
3-15
3-
1
3-15
1
3-15
4-
1
3-15
4-
1
10-
1
9-15
4-
1
3-18
4-
1
3-
4-
1
3-10
4-
1
3-10
4-
1
—
2 VaC
(quar.)
3-19
5
3-31
2 Vac
3-
4-
50C
3-19
1
3-
25c
3-15
1
4-
1
4-
1
3-14
75C
4-20
3-18
40c
(quar.)_—
4-
15c
40C
tquar.)
3-31
3-15
S
*
3*;
4-
1
3-1.0
{25C
6-
1
5-
20c
4-
1
3-14*
10c
(quar.)
.
5
3-19
$1.50
93%C
4-15
Ltd.—
Co
Leather Cos,
.
0
$3
1.06V4
Co.
'
I
3-15
$1.05
(quar.j
Inc.—
;
4
3-25
4-'
l'-;
3-17
4-
1
3-
7*'
4-
1
3-
7*
25c
1
4-
1 /•
4-
■<
1
4-
25C '
»—
;
3-15
4-
25c
A
1
:
3-15
;
3-15
\ 3-15 -
—
1/40
pf
Coach
&
$1
$L75
Crystal
Sugar,
preferred
>$1.50
/
3-18
3-31
3-18
4-
1
3-31
3-17*
3-15
a
,
,
—T—:
TT-—
Body
American
3-31
50c
Shoe
Co,
Hardware
:
75c
25c
share.
prior
3-21
40c
(initial)
Brake
3-15
4-15
40C
(Initial)
Can
3-19
3-29
/
—
•—
class
3-25 :
75c
common
(quar.)
Corp,
1
1
75c
$1.25
(quar.j—
Note,
4-
4-
25c
B
-4J/a'io
;
1
37'/a c
common
class
American
1
3-20
4-
America—
dividend
*
4-
50c
—
—
.'
each
I 3-26
3-31
22 VaC
—,—
share of North
American
Co,
common
for each
share
-, class
B stock held.
Fractional shares will
..not be issued, but in lieu thereof pay-.
ment will be made at the rate of 4IV4C
for
v
—
common
American
-
.
44-
convertible
Stock
3-17
37 VaC
Co, common (irreg.)
preferred, iquar.)
1'io preferred (quar.) —
American Cigarette & Cigar—
.6%
preferred (quar.)
—
American Cities Power b Light Corp.—
American
3-15
3-15
9
,62 Vac
(quar.)
Bemberg
D
American
3-23
15c
■
(quar.)
Class
4-
■t-
3-30
50C
75c
B
C
1
25c
51c
(initial)
of Canada,
Bank
American
Class
3-21
5-25
of
preferred
Class
3-22
3"-"26
{30c
(quarl )_II
4-
20c
(accum.)
6'io
4-
{25c
(quar.)
Bakeries Co_.
American
3-18
3-31
3-10
Quarterly
American
15c
(quar.)
_
American
3-11
10c
1
$1.25
preferred iquar.)
Aggregates, 5% pfd. (quar.)
Agricultural Chemical Co.—
Alliance Insurance Co. (N. Y.)
American
3-21
3-21
I
4-
>;
.
1
b-
convertible
American
75c
iquar )
_
6'io
3-21
4-
40c
3-
1
(resumed)
Common
3-18
$1.18%
pfd.
1
$2.50
Goods Mfg.
Aluminum
I
4-
{25c
—
Equipment
preferred
Amalgamated
3-30
50c
~ ~
:
3-21
{12 Vac
1
,
....
(quar.)
Corp,
Co.
3-
4-
(s-a)
(s-a)
preferred
$3.75
4 %
4-1
Company—
&
Co.
Aluminum
1
50c
" ""
Aluminum
9
4-
preferred
Stores
8
3-
{37 VaC
—
Inc.—
Co
Allis-Chalmers Mfg. Co,
3-19
4-11
{$1.12 J/2
iquar
Allied
3-
1
$2.50
common
Electric
1
.4-
{62 Vac
Allegheny-Ludlum Steel, common (increased)
Allen Electric & Equipment (quarl)—
Allied Chemical & Dye Corp. tquar.)
Allied Laboratories, Inc.
(quar.)—
Allied Paper Mills
(irreg.)
——
Allied Products Corp. (quar.)—
3-25
4-
75c
{27c
.
4'A 'io
Allen
~
_
Inc,
4-
15c
:
'
Vicksburg Ry (s-a)—
Steel—see Wood (Alan)
&
Wood
Aldens,
5
{27c
_
65c
—
preferred
4.20'Io
Alan
Payable of Rec.
Youngstown RR. Co.—
&
Power
Holder*
When
Per
I}
Co^,_———
preferred
preferred
preferred
Alabama
3-15
(quar")
'•
(s-a)
:
3-15
1
•
125c
Insurance
Canton
Alabama
3-14
4-
{27c
announced in previous
Extra77—:■
3-25
$2
(quar.)
(quar.)
3-10
—
Engineering—
convertible
5%
3-25
$1
71"
II
(quar.)
Southern California' Gas Co.
preferred
3-19
Ltd.—
(quar.)-.
Equipment,
(initial) v.
Common
3-J.9
yia preferred
-
3-10
(quar.)
Gas
Agricultural
3-15
4-
-<
.
preferred
5%
Affiliated
Akron
3-17
Power Co.
Telephone
7
4-20
1
Share
Insurance
Common
3-3
Southeastern
3-19
1
4-
75C
prior
Life
Aetna
$3
4-
17 VaC
_~IIIIITIIIII_"
preferred
1
5-
(initial)
common
Aetna-Standard
3-31
3-
'
Association
preferred
4-
60c
,
3-15
3-25
4-
3-17
Solvay American Corp, 4% ofd.
South Pittsburgh Water Co.—
1st
-
30C
preferred (quar.)
;
preferred (quar.)
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A partic. preferential (quar.)
Acme Glove Works, Ltd
Adams (J, D.)
Mfg. Co. (quar.)
Addressograph-Multigraph Corp.
(quar.) —
AerovoxNCorp;, 6%. convlt,pfd. (quar.),——
Aetna Casualty & Surety
(quar.)———
4-14
1
$1
Sick's- Seattle Brewing & Maiting Co.
4'/4 'in
3-19
$1.50
$1.50
3-31
5-
•.
;
$2.50
3-31
5-
-.;T;.vvC*!y.-''
^
Laboratories
New
3-25
4-15
'
give the dividends
we
Extra
1
2
6c
Boston
Extra
3-31
——
Abitlbi Power & Paper Co,
1
5-
'
Abbott
3-30
20c
(Pittsburgh)—
Corp.
Trust
$5
4-29
3-31
preferred
Shawiningan
3-28
3-31
Name of Company
3-11
40c
),"Ltd,~"cIaT:"AlI~
Co, 4W'ic
(quar.)
Shareholders
-
1
3-15
Cement
Southeastern Investment
United Bakeries—
rCommoh' (increased quar.)——
;$1.80
Shaffer
3-31
;
&
4-15 V
4-16
preceding table.
4-15
4-
$1
)III.I
Seattle Gas Co, common.,..
- ~~~
G'/c convertible preferred (qu~ai".)~""~
I
Seismograph Service Corp. (quar.)
Till
3-24
Telephone Corp.: (quar. )—2,-^—33
(Ed.)
Scuddor Stevens A:
3-21
4-
4-30
3-31
preferred
Portland
preferred
4u'/c
3-15
3-18
1
60c
preferred (quar.),
National Stockyards
Cruz
3-16
1
paid. The list does not include divi¬
dends announced this week, these being given in th©
3-24
4-
$3
Dry Dock, Ltd.—
Louis
3-31
*
weeks and not yet
3-23
17'/ac
1st
Schuster
3-18
1
3-31
15c
Cc7" (qifarlylllllllllIII
Fund, Inc
Ltd.
Below
5
{50c
Savannah Sugar Refining Corp.
Langendorf
•
St.
Santa
5-
Warehouse-I
Company
Company,
John
4'/2%
1
1
4- 1
3-31
1
4- 1
30c
quar.)—,
6%: partic. A (quar.),—
Kings ' County Lighting, 4%. pfd. (initial)—
Kirsch Company (quar.),
La
3-18
4- 1
4- 1
Mfgr Co,
LaCross
Sangamo
&
4-
4-15
Wyatt Metal & Boiler Works..—
Young (J. S.), new common
(quar.)
—
7
preferred
(quar.)
Zion's Co-operative Mercantile Institution—
35c
Till
Paper
(H. W.)
'
2
4-15
25c
.
1
4-15 V
2
$1.50
Willett
$2.50
class A
(quar.)
4-
5-
.
4-15
'
II
A
4-15
62 %C
j._——
3-31
$1
Extra
Company—
E.)
preferred^ (quar.),
Switchboard & Supply Co, common
>5'/c preferred (quar.),,,——_u,__ ,v
c$5-prior
Kerr
Russell Berg
3-24
4-
•
25c
Kellogg
•t
Ritter Company, 5%
3-24
5-
62Vic
(Geo.
3-15
$1.50 Hv 4-15
.
*5%. .-preferred
Kearney
Rickel
4- 1
3-31
3-31
3-31
$1.75
;
common
Rliineiander
3-15
Class
3-23
5-10
5-
preferred (quar.),
(Consider H.), Inc. (quar.).——
..Quarterly,;.
1
Securities Co.—
4-15
1
3-23 V
1
5-20
40c
2
4-
3-15
$40c
2
4-15
3-31
4-
•
$2.50 class A 1 accum.)
Westmoreland Water, $6
3-19
75c
17'/2C
5-
2
■
51 '/4C
5-
4-
-
3-31
4-
Surety Co.——_—
&
3-15
$1.25
$5 preferred
(quar.)
•
1
4-15
4-
62'/2C
4-20
pfd.~Tqu~a~r~.7ir
4%"
Extra
,
3-31
~II"~
3-15
3-18
3-31
4-15
Casualty
Insurance
preferred
6'in
—
(quar.)
3-26
'3-26
3-18
4-30
f5c
A
3-31
4- 1
87tic
(quar.f—,,2—_
( James R.) Corp.—
(E.).Sons,
Kahn's
—
(quar.)j-—
—
pfd.
Corp.,
Waterworks,
Joplin
.
8
5
20c
preferred
Western
3-29
~
3-31
75c
$1.50
$1
25c
common
(quar.)
founders stock
$6 preferred
Jenkins-Bros,
Non-.voting
Co,
3-
3
15c
I
—1
3-31
'
81 Vtc'
(quar.)—10c
preferred B (accum.)
6%
1
4-
12c
Coventry Ltd,
Class
3-15
4-
$1.50
II
Extra
3-15
3-19
1
tic
(increased)
RR.
(Canada
1
4-
4-
7
3-
25c
tquar.)————
West Penn Power, 4.10 ^ pfd, C (initial) —Western Breweries,
Ltd. (quar.)4if,^--^—-
$1
(quar.)
Company
4- 1
3-31
3-31
30c
$1.20
10c
$1.25
87tic
.
(quar.)
1%. pfd.
E ectric,
Iowa
—_
common
(quar.)—
Company, common,,,
preferred
3-31
West
3-31
10c
Life Insurance Co.
Quarterly
Renold
3-21
4-15
3-31
4-15
3-31
-
3-
25c
;
4-15
4-11
3-15
3-15
$1.75
— •
(quar.)„.
prior
1
4-
3-17
-
(quar.)
Michigan Steel Foundry, com. (quar.)
T/o
3-25
$2
—
Weatherhead Company,
B
-
4-15
7V2C
3-
Class
-
3-19
75c
3-31
f
(s-a)
preferred
pfd.
Ltd,
Bearings
Reliance
3-22
4-T
£l
(accum.)_„i
Bakeries Corp,
preferred
$4.80
4- 1
25c
1
4-15
1
$1.50
(increased)—
Co, class C (irreg.i—--—
Bros,
2
4-
.
Company
&
2
5*
17»4c
—!.
(quar.)
4-15
5-
30c
(quar.)—-—-——
Inc.
4-15
i
50c
$1.12V2
3-15
$1.75
Co
Paper,
2
I
—
4-20
$4
R. & M
3-15
{10c
(quar,)—
International Mil'.ing
■
4-1
$1.18%
Warren
$1
Co
Provincial
5- 2
Walker
3-24
50c
Qumcy Market Cold Storage &
25c
3-24
1
87'/a C
Co.___I_
Worcester
5-
53c
—
—
(quar.)..
Insurance
preferred
•T..-
_
3-10
4-15
$3
7Vo
1
90c
3-10j
50c
—
(increased)—„
Corp.
Gas
...
58 V3C
$4.50 pfd. 1 accum.)——
convertible prior preferred (quar.) ——
4-
40c
II-II"IIII""
8'/c
3-21
Corp,
4-
2'/aC
Ejjtra
Interlake
Interstate
3-21
3-2L
3
Telephone Corp.—
Associated
(John) & Co, Ltd
Steamship Co. (irreg.),
Co, 4% pfd.
Inglis
5-20
3-10
4Vs'io
Company,
56Vic
50c
Paper
&
partic.
(Fred B.)
&
3-31
1
4-
22 VaC
(quar.)
Providence
4-15
•
"
(s-a)~
~
Co.
(quar.).I
(quar.)
Gamble,
3-31
(quar.),—:
preferred
&
Velvet
4-
7
(qu"arI7IIIIIIIIIII
Pocahontas
non-cum.
3-31
Foundation
$2
4(i>
3-18
3-25
Co, prior pfd
Sulphite
Common
3-21
4-15
Extra,,,
,
Procter
Inc.
Creek
Huron
3-31
Income
Industrial
Port
4-15
Zinc
Indiana
Pond
3-23
1
3-31
4-
11—11,1111111
Mills
1
(quar.)———
Company—
3-25
quar.)
Water
Union
Pollock's,
3-25*
3-31
4- 1
Hotel
4-15
Cordage Co, commonEmployees' Stock
IIIIIIII"
Pneumatic Scale Corp, Ltd, common
V/o
preferred (quar.)
;
~~I~I~
3-25*
4-
Utah
25c
Plymouth
.
3-21
(increased)
preferred (quar
Co.,,,,,-
Fashion
Plainfield
3-31
4-29
Lumber
•
4-
4-15
(quar.)_.i
Pioneer Petroleum
4-8
4-20
5-16
3-31
2
Ltd.—
(quar.)
preferred
Full
Fire
4-15
Insurance
(increased
preferred
Pilot
Home
4-18
;_I~I
Pickering
8,
3-15
Utah
50c
Extra
5- 2
4-25
4- l
.4-25
V
National
4-12
$1
preferred (quar.)—.
Upson
Freeze
(quar.)
preferred
convertible
70c
3-31
35C
common,,,1"
IIII
Company,
preferred (s-a)
Philadelphia
.
$1
Illinois
conv.
3-16
20c
(quar.),
com.
5'/o
1
50c
Corp,
Corp.
4-12
1
Corp.—
3-21
$1.25
Peoria
3-18
3-31
&
3-31
{25c
Pennsylvania Salt Mfg. Co.—
3V2V0 preferred A (quar.)
Water Works, 7%
pfd. (quarj
Perron Gold Mines, Ltd.
(quar.).,
III"
Pilaris Tire & Rubber (liquidating)
9
Stockyards
(irregl) I
I,IIII
Corp.
(quar.)
4-
1
(quar.)—93%c
Co.
Motors
1
5-
I—
Corp, AV4'/r pfd. (quar 1
Pennsylvania Co. for Banking & Trust'-—
Quarterly
3-15
2
•
8
5-
(monthly)—
4-15
20c
<Dcl
3-25 '«
15c
25C
(quar )
California
of
Oil
3-31
:
preferred
1
(quar.)__
50c
(quar.)
Chemical,
Printers
United
4-15
$1.31 %
~~
Peaslee-Gaulbert
3-26
Finance
preferred
Corp.
preferred
Paramount
United
60c
(quar 1
4-
4-
(Brooklyn, N. Y.)—
Publishers
5-16
Ltd.—"
Beauty Supply,
Finance
3-31
$1.25
_
3-
—
Products Co. ;(quar.)_
Hightstown Rug Co, 5Vo prior pfd. (quar.)
Home
Telephone
&
Telegraph
Co.
(Fort
Wayne)
(quar.)
———_
class A
2
United
40c
(quarl)IIIIIII'll
Ontario
(resumed)..
class A
Corp.
Bank
4-15
5-
3-22
5-
(quar.).
Industrial
1
15c
3-11
$ 12 Vg c
'
6-
3-18
1
10c
Tool
&
3-11
1
3-18
4-
4-
Quarterly —
Light & Railways Co.—
.I'io prior preferred (monthly—•
G.3G'/c
prior preferred (monthly).——
1
20c
3-15
B
3-18
37 ^2 c
Co
Western
B
2
1
(auar.)__
90c
common
4-11
5-
$1
$1.20
Co,
4-11
$1.50
35c
7
2
53V'bC
17 VaC
II_~~~"
3-15
5-
4-
—
Wagner Baking Corp., common
(quar.)
preferred
(quar.)
pfd.
Ltd.
Canada,
',6Vo. prior prelerred
$1.06
(quar.)
Electric
&
3-21;
$1.50
Store
3%i/o
3-15
of
Drill
Class
25c
4-15
,80c class -A (quar.); 20c
B
iquar.)
10c
Household
Gas
United
Vulcan
IIII""~ ""~~
(Minnl),""00111.""
Co.
preferred
4-
50c
_
".Common
3-24
3-24
Corp"—
Holding
United Filters,
Class
Greif Bros. Cooperage Corp.—
Grocery
1
4-15
4-1
$21 Vic
—
pfd.
conv.
35c
Company
preferred
Oliver
5
.
preferred
4-
4-15
~~~
III"III
3-15
87Vs>c
6c
55c
62'/be
12V2C
SGViC
Grayson-Robinson Stores Inc., common——$2.25 preferred Iquar.)—_
.'_,T
Greenwich! Water System, Inc.—
G'/o
Investment
4-
(quar.)——
3-15
IOC
$1.50
Co,
Gas
1
2-23
$1.73
$1.75
V
Building Trust Co, (irreg.)—
Coach
Union
18c
3-15
56%c
.—
(quar.)——
common
Twin
4-15
2-23
Fran.)—
conv.
15c
(quar.),,,
Co..
11011-cum.
Common
(quar.)
Tremont
3-15
4-
3-15
$1.50
(San
5c
(quar.),"""
4-1
4- 1
25c
pfd.
conv.
Service
4'k
3-25
4-
Leather
Power
pfd.
2
5-
1
3-15
$1.50
— —
(quar.)—-T-
(accum.),:
414%
Co.,
25c
(quar.),
Co
3-31
$1.50
$1.12(2
—
General Investors Trust (Boston)
(quar.)—
General Telephone, ^4.4% pfd. (quar.j
Gillette Safety
Niagara
clears all arrears)
Corp.;
Foods
(quar.)
preferred ;(quar.)—————————..
$3.50
Alkali
3;20
Co.
Guaranty
$7.50 preferred
Trailmobile
3-21
,
—_
—
3-20
1
$3
—————
1
15c
,21-11
Ne23/?'rleanSrPuoiic (quar.) • common (quar.) -•
Service,
43AVc preferred
3-19
7VaC
Co.—.-,—-——,—,
Y.)
Company,
payment
^preferred
General
3-20
common
$6 pfd.
Light, 7'/o
Union
50c
I
A
Co,
5
3-
'
"
<quar.)_
3-18
$1.50
*
3-23 f--
Title
~
'
(quar »
:
series
&
3-19
20c
preferred
Power
preferred
1
(quar)
Co.H
Jersey Water
$4.25
Inc.—
Manufacturing
Fulton
Co.
New
!
4-
Products & Chemical
1
\$L75
4-11
5-16
10c
United
^Quarterly
6
3-31
3-18
75c
(quar.)_
convertible preferred..(quar.)— ./„
G'/d
4-
15c
"
(accum.)__.
5
3-25
-
2
Corp, com._
(Calif;—
Company
4-
$1
5-
4-
3-31
$1.06
A-25
t4e
preferred
4-
7
-50c
$1.25
—
(quar.)—__
Co.
$5
^
4-20
90c
Oil
15c
Paper Col (quar"IIIIII"
Gas & Electric Association—
England
,
.
Insurance
& Co,
B.)
pfd.
3-17
4-
2
(quar.)—,
preferred (quar.)
$6
3-10
--
5-
Third Canadian General Investment Trust,
3-24
97'/aC
Co.
Corp.
5c
lc
40c
(quar.).:——.
(quar.)_
Corp,
Fidelity-Phenix
1
1
1
1
*
„
Participating
Federal
3-18
New
1
25c
(quar.)$1.25
Manufacturing Co. (quar.)
Elizabethtown
Consolidated Gas
Elder
1
3-31
4-
3-25
$1.12 Va
Company
H'/aC
Nekoosa-Edwards
3-30
4-1
3-26
j
Co.. (s-a)20c
Electric
Sault
3-24
3-22
1
3-15
Texas
1
4
4-
(resumed)
Ltd.
Mines,
Steam Turbine
I'/n
1
4-
5-
15c
4Vz'io. class A pfd. (quar.)
Texas Electric Service,
4-
5-14
15c
Terry
3-19
10c
(quar.)
Co
Northern
(increased),
Company
Edison
3-28
4-
-
10c
Durirou Company
(irreg.),
25c
Duro-Test
Corp.
(s-a)
5c
Dwight Manufacturing Co.——$1
Eason Oil. $1.50 preferred
37Vac
Eastern Steamship Lines, Inc.
(quar.)
25c
Duraloy
4-11
Tool
5c
30c
(irreg.)
<<
(quar.)
Co.
4-
*
$1.25
Co
National
4444-
5c
•
—
Stores
Furniture
Drexel
3-31
(quar.),
preference
Mfg.
Terminals
15c
15c
(quar.)__
(quar.)—
Co
3-31
12 VaC
—
3-31
Clothier.,
&
Consolidated
3-21
60c
preferred (quar.)——____—
8'/o
""""""""7"
Corp
National
4-15
4-15
{$5
(quar.)
Co.
Products
Steel
Detroit
Dixie-Home
Gas
3-21-
3-31
.
$1.50
...
,
Manufacturing
4-15
4-15
-
&
4- 1
4-25
4-11
$1.02(4
(increased quar.)
Company
-i-
3-31
60c
(quar.),,
Chemical
5
$1
common
Tennessee
3-11
3-11
I
pfd.
Light Co.
convertible
A
4-
.
(quar.)
(A.)'Company,
convertible
6 '/o
Dean
class
10c
Richardson
Pinna
$2
1
Crystal Tissue Co. (quar.)—15c
Cuban Atlantic Sugar
(quar,)-—
—
50c
Si
3-21
5-
(s-a)
(quar.)————
Life Insurance Co, (Toronto)
(quar.)
Bell
1
National
preferred
De
$3.60
A
25c
(quar.)
•Ltd.
Telephone & Telegraph Co.
Muskegon Motor Specialties Co.
47V2C
_
Crown
6-15
Service,
.
(Peter)
6%
1
1
Mountain States
"4-1
50c
<quar.)_
Corp., frVaVo pfd. (quar.)___
Corroon b Reynolds Corp., $1 pfd.. (quar.)
Cottre.l (C. B.)
& Sons, common■
5'/o
4-30
1
4-
•;
Corp.—.;.■■■ $1
(quar,)
50c
Electric
Continental
Sunset
7-
1
(qu~arI)"II"
3-11
4-1
$1.75
80c
(reduced)25c
Corp.—.:—-—v_i10c
Continental
Cooper
3-15
14c
Monongahela Valley Water, 7% pfd. (quar.)
Morris
(Philip)
& Co. (see Philip Morris)
4-
.
1
35C
preferred
Electric
preferred
3.90%
4-
$1.50
Co., common (quar.)
preferred
(quar.)
&
Sunset-McKee
~
(quar.),
Light,
4 r/o
3-10
'
Inc.
Commercial
1
Glass,
3-21
pfd.
$6
(quar.)————
Sun Oil Company,
25c
(Ilf.)
Co.
Sullivan
$1.50
Edison
4ti',-<"
1st
Continental
Power &
70c
,//„ $1.50
preferred (quar.)
Consolidated Royalty Oil Co.
Manufacturing
Strawbridge
3-21
4-
iquar.),
Storage—
Telephone
3-25
3-24
1
3-18
(accum.),"
Co. (quar.)
Shoe
States
4-
-'
Co.—
Cold
U
1
6
4-
(quar.),'
preferred
Mid-States
1
68 a/< c
pfd. (quar.)
$1.90
preferred
(quar.)
Consolidated 'Machine Tool.Corp,—•
Co.,
6'/o
3-23
4-
4-15
Ice
pfd.
Inc.
4-
50c
(quarl)"""""
4tiVo
Co,
& Shop,
Gas,
Corp.
4-
75c
common
1st pfd.
6%
Register
Silico
4-
30C
(quar.)—,-
Company
3-22
Stop
$1.50
Co.,
1
Standard
$1.75
pfd. (quar)
6% preferred (qua~rjll
Forbes
Company,
McCaskey
Mengel
02'/a c
'
Textile
5
Middle
(quar.)
Co.
Insurance
Light & Power,
Consolidated
McBee
5
3-18
Connecticut-J'ire .'.Insurance. .Co—.—
t$6
■
25c
preferred (quar.)
i
a$7 - preferred j (quar.:
Concord Gas Co. (N. H.), 1% pfd. iaccum.)
Connecticut
)"""
(quar
4-
10c
7%
Cement,
&
Y.)
(N.
3-21
$2.50
Natural
30c
(quar.)
~
Trust
preferred
6'/«
3-31
$1.75
\ $6
Life
2
44-
2
5-
'
50C
Commonwealth
Connec^icut-General
Marquette
—
Co., 5Va 'io
Water
3-11
Trust
&
Commonwealth Water
r
3-18
1
67/8C
—
National
Water Co,
1
30c
(quar.)— ___
(Cinn.) —
(quar,)——
Y.)
Midland
Marion
4-
'2V2t
>
(quar.)
Ltd., 6%
Enterprises,
Commercial-
Marine
3 19
1
4-
30c
;
——T----
(irreg.T----
(quar.).————_
Columbus b Southern Ohio Electric Co.——
Combined
preferred
3-11
'
25c
(quar.),
common
Realization
MacAndrews
pfd.
$2.75
4-
15c
(quar.)__—
Radio,
Rubber,
convertible
$1.20
$1.75
v<
(quar.)—_
Corp.
&
—
pfd.
1%
1
Tire
(quar.),
1
50c
Moore," IncIIIIIIIIIIII
&
Holderi
When
Payable of Rec.
4-
25c
$12.50
Co.—
III"
Maxwell
3-21
3-29
$1.25
Inc
Bros,
Manning
3-22
3-31
$1.1212
—
preferred
convertible
Clinton
Clinton
5
1
f
Share
1
'
:
Spokane International RR. Co. (annual)—
Standard Screw Co. (quar.)——
4-20
3-31
7
49
$1.50
Southwest
2
4-
25c
(quar.)
Name of Company
1
4-30
$25c
,
Yards
common
4-
4-15
17c
(quar.)
Washington .;(Pa.)
of
Corp.,
Mandel
5-
4 3:% C 7
pfd.
l'/n preferred
(quar.)_——
City Stores, common (quar.)
Class A
(quar.)
Clary Multiplier
3-16
5-16
Mansfieid
(quar.)
Paper, 4Va%
Union Stock
Cincinnati
Citizens
3-IJO
50c
2
Mar-Tex
Co.—
Equipment
Rail'.vay
preierred
Chillicothe
3-31
2 '/a c
Inc.—
Co. (quar.)
—
Chesapeake Corp. of Virginia™--————
Chicago Aurora & Elgin Ry. Co.—Certifs. of beneficial int. class B
(initial)
Chicago
4-15
Lynn Gas & Electric
Manoning Coal RR.
5-
56J/iC
—
Rivet
Cherry
4-15
4-
5-
$1.12'/2
——————II
per
Holdert
4-15
(1265)
.
Payable of Rec.
50c
(quar )
common
11c
(quar.)
preferred
convertible
—;—
'//_/
Corp.,
preferred (quar.),
Lewis Bros, Ltd
Lux Clock Mfg. Co.,—
4ti%
3-21
3-26
25 c
;
Investment Corp.—
When
Share
of Company
Stores
lerner
L—_
3-18
4-1
$1.04
"
CHRONICLE
Per
Nam*
Payable of Rec.
Share
,
Public Service—:.
Vermont
Central
■
FINANCIAL
&
.Holderi
When
Per
:■/•/ ••
r.
Company
COMMERCIAL
THE
Number 4787
169
Volume
-—
common
(quar.)—.
Corp.
(quar.)
iquar.')„
,
3-25
.3-
7
3-18
.
50c
3-31
30c
4-
1
3-16 /
$1.12l/2
4-
1
2--16
25c
4-
)
7-
9
*
THE
(1266)
50
Share
of Company
Dairies, Inc., 7% pfd.
American Express Co.
(quar.)
American Felt Co., 6% pieferred
American
4'/a%
Fork
Hoe
&
preferred
Fruit
American
Furniture
American
Electric
&
American
2nd
7%
preferred
American
(quar.)_—
1
3-18
1
3-15
7%
4-15
3-31
$1.12 te
25c
4-18
4-
4-
1
3-
1
American
Insulator
Insurance
3-
1
4
4-
3-21
1
1
3-21
25c
3-31
3-16
$1.75
3-31
3-16
4-
$1.50
Co.,
common
.<>
3-14*
1
10c
4-
20C
4-15
(monthly)
Corp
Co.
'
(Newark, N.
J.)
4-
—
4-
1
3-
4-
1
3-
1
31 tec
(quar.)
4-
3-15
1
$1.25
preferred
(initial
quar.)
31'AC
4-
1
3-15
4V*%
preferred
(initial
quar.)
28yac
4-
1
6%
Light
American
7%
American
Co.,
4-
1
3-11*
Black, Sivalls & Bryson, Inc., com.
& Laughlin, Inc.,
common
Bloch Bros. Tobacco Co.
(quar.)
4-
1
3-11*
Boeing
Bohack
25C
Co
Ltd.
(quar.)
3-
1
9
Co.,
preferred
American
4-
Metal
.
American
Molasses
Co.
American
National
Fire
News
5-21
Borg
3-16
3-18
3-21
Boston
&
4-
4
Boston
Insurance
4-
3-15
Boston
Storage
8
Botany
Mills,
8
5%
preferred
preferred
(quar.)
3-24
2-21
5%
4-30
3-15 '
$1.30
1
3-
3
4-
1
3-
3
3-18 '
3-31
Vitrified
4-
1
3-15
35C
t-
1
3-
4-
$2.25
4-15
4-
$1.50
7*
3-15
3-10
1
4-15
4-
30c
4-
1
10c
3-31
3-19
Copper
Post
Mining
Products
Anderson-Pricbard
Oil
Cotton
75c
3-30
3-
3-
25c
3-31
3-15
3-31
3-10
Edison
Co.,
$1
$5
$7
preferred
Arkansas
Armco
$6
&
Art
Metal
Asbestos
(J.
Atlantic
3-
3-31
(quar.).:..
Co.
(quar.)
4-
62 tec
3-31
3-21
30c
___■
4-15
3-23
5-
$1
93%c
5-
40c
...
2
4-
2
4-
3-21
Fabric
56 tec
3-31
lc
Class
B
Carolina)
4-
1
Co., Ltd.—
class A (quar.)
Avon
&
T.),
&
Baldwin
Company,
Wilcox
preferred
7%
7%
7%
7%
Bank
of
National
York
of
&
New
common
Bankers
Trust
Barber
Oil
(N.
$1.40
11.40
4-
9
3-25
$1.50
4-
1
3-10
80c
4-
1
Y.)
A
A
8
Ink
Packing,
n
3%%
Foods
6-14
California
1
9-
5%
$1
4-
1
4-
1
4-15
4-
4-
1
3-17*
4-
1
3-18
25C
I
(quar.)
&
common
45c
50C
III
convertible
2-25
4-
7
2-25
4-
California
3-10
3-10
8
"(quarl)I
5'/2%
»
3-17*
$1.12te
4-
1
3-17*
50c
4-
4
3i21
__
4%
common
preferred
(quar.)__
Canada
5%
Bread
1st
class
$4.25
Corp.,
6%
(quar.)...
Ltd.
-~-
(quar.).'^.^.
(s-a)
3-18
3-25
4-
1
3-21
4-
1
3-10
3-30
3-15
4-
4-28
4-
7-28
7-
10-28
10-
1
Dry
Ginger
B
4-28
Starch
7-
class
7%
Ltd. 5%
Ltd.
5%
$30c
10-28
10-
Bronze
Co.,
4-
1
3-15
J37tec
;
,
-
4-
75c
1
3-10
4-
1
3-17
.
1
3-17
,
J
-
75c
.
•
4-1.
3-18
50c
———
4-
3-10
1
•
(quar.)—.—
pfd. (quar.)_
4-
65C
.
1
3-15
■
37tec
6- ,1
5-15
37'/2c
9-
1
8-15
37 tec
12-
1
11-15
.3-25
3- 7
25c
\
.
.
Telephone & Telegraph Co.
Carpenter-Paper Co., 4% preferred
Carrier
preferred
»
,
1
3-16
4-1
3-24
5-
$1
.
2
4-20
50C
■'4-15
3-31
'5c
,
4-
3-15
1
4-1;;
3-15
$1.50
4-
1
3-15
60C
■
4-
1
3-15
,
$1
.
4-
1
3-18
4-
1
3-12
4-
1
3-12
i
4-
1
3- 3
|
$$1.75
4-
1
3- 3
3-31
3-11
4-
3-11
58 tec
40C
$1.75
——
(initial)
America, common—
$4.75
1st preferred
(quar.)__—
7%.- 2nd preferred
(quar.)—
Central Fibre- Products, Inc., voting com.__
Corp
3-15
4- 7
4,
$15C
(quar.)
Cassidy's, Ltd., common
7%
preferred (quar.)
Celanese
3-10
2
-i-
Carthage -Mills," .common.^—
6 % preferred A (quar.)
—
,6% preferred B (quar.)
—
Cascades Plywood Corp., 3l/2%
pfd. (quar.)
Case
(J. I.)
Company, common (quar.)
7%
3-io;
'fi;
5-
$2
,
—
■
$1.25
(quar.)
(quar.)
(quar.)
Corp., 4% preferred
&
General Corp.
Carriers
.
50c
.
Carolina
I
4-
/
4-i
!
60c
of
$1.183/4
1
6%
preferred
Central
Franklin
Central
Illinois
Central
4.10%
Co.
Electric &
Gas,
4.10%
preferred
series
Light,
4l/2%
Central
Illinois
Public
1
4-
1
3-15
4-
1
3-15
3-15
.
.
3-3T1
3-15
1
3-17
321/2 c
1
3-18
$1.02 te
4-
1
3-18
1
3-18
—
$1.02 te
4-
$1.12 te
4-
1
3-11
—
—
(quar.)
pfd, (quar.)
B
Illinois
4-
4-
preferred series A-,(quar.)
Central
3-15
4-
(quar.)
com.
1
$1
(quar.)
Co.
3-15
4-
50c
(quar.)
Trust
&
1
37 tec
Process
Bank
Hanover
1
4-
30c
(quar.)
4-
30C
common
.
3-11
$1.75
30c
.
Service
4%
preferred
Central
Central
Power,
preferred
Ohio
Light
Central
Ohio
Steel
Paper
4'/2 %
Chamber
of
3-21
$1.50
4-
1
3-10
87 tec
4-
1
&
Power,
Products
40C
4-
3-10
4-
4-15
25C
(quar.)
com.
(reduced)
1
9
3-19
3-31
15c
Inc
Co.,
Products
prior
3-15
3-31
(quar.)—
Central
Certain-teed
3-18
3-20
(quar.)__—_____——
preferred
Central
3-31
15C
30c
.
-
Works
Maine
3.50%
$1
(quar.)___
common......
(quar.)
Machine
3-21
Corp.—
preferred
Commerce
4-
$1.12 te
(quar.)
1
3-15
3-10
Building Corp.—
4-
1
4-
1
50c
4-
1
45c
4-
1
3-15
50c
3-28
3- 7
3- 7
3-11
$1.21
4-
1
3-15
Bank
4-
1
3-18
Chicago
1
3-18
Chicago
4-
1
3-18
3-23
3-10
3-23
3-10
5-
2
4-15
4-
1
3-10*
4-28
3-11
3-25
3-17
5-
$3
Corp.
pfd.
preferred (quar.).^——
Ltd
—-—
87 tec
5-
1
Lumber
Rock
(quar.)—
Tool,
Island
(quar.)
Chickasha
Cotton
4- 8
5-16
4-30
30c
3-31
3-15
$5c
50c
4-
1
3-11
75c
4-
1
3-11
75c
3-31
$1.25
(quar.)
Pacific
&
—
common
preferred
3-31
3-15
Co.—
RR.,
________—
preferred series A (quar.)___
Chicago Title & Trust Co.__U__^_________
Chicago Towel Co., common (irreg.)
7%
preferred (quar.)
3-15
1
3-21
$1.25
3-25
3-10
$1.75
3-25
3-10
3- 8
60c
4-
Oil
4-15
Common
(quar.)
25C
Common
(quar.)
25c
7-15
6- 8
4-15
25c
10-14
9- 8
$1.37 te
3-31
3-14
3-19
3-11
1
3-15
4-
1
3-15
4-
1
3-15
5-
1
4-15
3-21
3-11
62'/2c
5-14
4-30
5-14
4-30
4-
3-10
1
Common
4-
1
3-15
3-18
3-18
4-
1
3-10
$62'/2c
4-
$32 Vic
3-21
$15c
3-19
1
3-10
2-21
3-
1
Company, $5.50 preferred (quar.)_—
Securities, 7% preferred (quar.)_
Cincinnati Gas & Electric, 4%
pfd. (quar.)
Cincinnati
4%
Cincinnati,
Suburban
Bell
$1
6-
1
5-15
9-
1
8-15
4-
1
3-18
4-15
3-25
Pacific
Telephone—
t50c
(s-a).
Service Co.
(quar.)_
City Ice & Fuel Co. (quar.)
City Investing Co., 5'/2% preferred
Cleveland
Builders
Cleveland
Electric
$4.50
Clinchfield
3-15*
Clinton
4-
1
3-17
Clopay
4-15
3-31
Cluett,
$30c
4-15
3-31
7%.
$15c
4-25
3-18
4%
4-
1
3-
1
4-
1
3-
1
$$2
4-
1
3-15
$$7
3-31
3-24
4-
3-17
Coal
Corp.,
preferred
A
Cockshutt
common
(interim)
—
Electric
&
$3.50
4-ii
$3,50
3-14
3-28
3-14
4-
50c
1
3-16
3-30
3-25
3-11
4-
1
4-
1
25c
3-31
preferred
preferred
4-
1
3-15
4-
1
3-15
20c
(quar.)
(quar.)
3-18
"3-11
$1
$20c
1
Co.,
3-18
$7.50
;
Corp
'
3-21
4-11
Co.—
(quar.)
Colgate-Palmolive-Peet
4-11
3-31
$1
(quar.)
(quar.)
5- a
3-10
$1.75
(quar.)
,5- 2
1
Co.—
Common
$3lc
1
4-
20c
Company
Common
$$1.25
1
4-
$4
International
Plow
4-
50C
A
preferred
Gas
Coca-Cola
$1.37 te
30c
(quar.)
Counties
Coca-Cola
3-17
$1.12 te
(reduced)
(monthly)
Peabody & Co.,
2nd
2-26
3-10
50C
(quar.)_
Supply
class
preferred
3-21
3-31
Illuminating—
Corp.
Industries
7-20
50C
preferred
(quar.)
Molybdenum Co._
Climax
3-15
%
62 tec
Cities
4%
1
$1.12
Knitting, Ltd.—
participating class A
1
7-18
&
8-
Bar
4-
?-«»<*
Texas
(quar.)
Quarterly
>3-15*
•«
&
1
$1.25
Orleans
preferred
1
1
New
preferred (quar.)
5%
1
4-
Co.—
(s-a)
5%
4-
$1
$1.25.
RR.
$1.75
$2
Inter-Terminal
preferred
4-
7-30
j
(quar.)
Childs
Christiana
$40c
—
1
5%
$15c
-
4-
Pneumatic
Common
Coast
Ltd., common
(quar.)
75c
1
4-16
*31 tec
25c
(quar.)__
common
1
3-24
•
(quar.)_
3-28
Ry.,
Mines,
Mill &
Chicago,
15c
(quar.)—
consolidated
3-17
5-
4-
(quar.)
(quar.)
Y.)
5-
1
preferred
(N.
3-15
4-15
7
(quar.)_
Co.
.
4-15
3-31
A
Trust
—
;
1
4-
(quar.)
&
convertible
$75c
Ltd.
$1.12te
'_.
Chesterville
4-
;i5C
preferred
t50c
„.
3-31
Extra
4-
common
Regular
Canadian
3-25
..,3-31
,
Chesapeake & Ohio
3y2% convertible
25c
(s-a)__—
Cs^dion
Breweries,
1
40c
Chemical
$$1.12y2
Corp.,
Ltd.,
6-15
4-
75c
Ltd.—
3-15
7-15
$1.25
$1.06y*
Mortgage
Co.,
4-15
t$2
,
.....
—
Chesebrough Mfg. Co.,
4-
7-28
$2.50
—
Permanent
Co.,
(quar.), ____————-—.1—
preferred
.
$25c
Ltd.,
3- 1
1
93 %C
Circle
(quar.)
Packers,
3-30
4-
Paper Si Fibre Co.
preferred
(quar.)
Chapman Valve Co. (quar..)
4-
34%c
—
Inc.,
preferred
2-25
4-15
$4.50
62Vic
;
Ale,
3-31
3-10
4-28
50c
(quar.)
Canada Varnish Co.,
3-14
1
3-29
75c
!■
•
6-10
1
4-
75c
(quar.)
2
4-
3-21
3-18
28c
(quar.)
7-
84%c
1
1
12c
——
350
3-14
44-
Ltd.—
Power
Canada
1
3-31
63c
(quar.)
(initial)
•_
(quar.)
Northern
3-10
4-
3-31
62'/2c
Canada
Class
50c
3-11
$5c
pfd.
(quar.)
(quar.)
t75c
•
,
Ltd.
Natural -Gas
ji_.__.i_.
Cincinnati
Co.,
B
non-cum.
Canada
3-15
4-14
3-31
$20c
Flooring Co., Ltd., class B
Canada Iron Foundries,
Ltd., common—
6-10
3-18
3-16
$20c
Canada
3-10
1
3-16
1
4-30
$3
(quar.)
$2.50
common
preferred
preferred
1
4-
1
4-
2%%
_
2
3-31
3-16
Co.
preferred
7-
$1
1
4-
$37c
25c
(quar.)
pfd.
4-
75c
preferred (quar.)
Refrigerating & Terminals Co.—
*5%
preferred (s-a)
Campbell (A. S.) Company, com. (quar.)
4-
1
3-15
25c
convertible
25C
4-
3-15
$1.75
—
preference
Canada
35c
5
Camden
$2.50
3-10
(quar.)_—;
5%
20c
(quar.)
Service
1
Carnation
31 tec
(quar.)
3-17
3-30
3-
1
$1.75
(quar.)_
4-
50c
3-18
$20c
(quar.)
Inc.
B
31'Ac
B
Canada
3-15
3-31
1
90c
Canada Cement Co., Ltd., $1.20
pref. (quar.)
Canada Crushed Stone, Ltd.
(increased)—
1
4-15
4-
,3-25
$40c
(quar.)_
3-18
4-
1
1
75c
3-10
4-
tlOc
Non-voting
4-
$3
3-10
t$2
,1
3-15
3-15
90c
__
3-18
1
1
4-
$1.75
1
4-
3-15
40c
(quar.)
Water
Forge
4-
1
10c
■
3-15
30c
4-
93%c
4-15
75c
IIIIII
II
IIIIIIIIIIIH
IIIIIIIII
Company
Optical,
Co.,
2-25
3-31
1
137 tec
Administration Co,,
preferred A (quar.)
6 %-
—
Power,
Co.,
preferred
25c
Lomb
Beatrice
8
1
4'/a%
(quar.)
(quar.)II
(Ludwig)
&
3-
7-
Bank-
(quar.)
Bausch
7
50c
series
(quar.)_.
(quar.)
preferred
10-
30c
(quar.)
Electric
California
2-25
$1
preferred
1
7
7
.
(quar.)___
convertible
4-
4-
$1.25
common
preferred
preferred
5'/2 %
$3.50
Y.)
Avenue
(quar.)
preferred
preferred
1st
2nd
Mills,
4-
'
3-25
20c
(Holding), Ltd., pref (s-a)
Estate, Inc. (liquidating)
Sugar
Linen
Corp.
4-30
1
1
25c
5.60%
8
1
4-
—
common
California
4-
4-
3-15
Champion
(quar.)_
Calgary & Edmonton
—
Y.)
Co.,
Co.,
3-10
3-
3-15
15c
;
3-31
1
4-15
3-14
4-
<
3-11
4-20
3-15
3-15
1
'
$1.25
pfd. (accum.)—
common (quar.)
4-15
Paper, Ltd.—
Baumann
•>a/
3-22
$2.50
!
(quar.)_
preferred
(quar.)
Iron Works Corp. (irreg.)
Class
M.)
Calamba
Caldwell
4-
4-1
4-
25c
7%
preferred
Financial
3-22
•
.3-14
f30c
preferred
Wireless
3-15
$1.75
-
4'/a %
Class
T.
3-30
40c
3-14
3-31
J 30c
3-25
(quar.)__I
~
&
I.
Camden
Corp..
Bathurst Power
Cable &
$3
(initial)
Co.
(A.
C.
12-13
3-31
1
4-30
Company, 33A% preferred (quar.)
Carolina Power. & Light Co., com.—
I.
$5 preferred
(quar.)
——
4-21
4-21
J30c
Co.,
preferred
3-30
1-2-50
*
4-
1
..
Lumber,
Western
Common
,
5-20
5-20
1
3-31
4-
preferred ,(quar.)
_—
—
6% preferred (quar.) _____—VI;
Carey Baxter & Kennedy, Inc. (quar.).—___
Carey (Philip), Manufacturing Co.—.
..."
3-15
$30c
25C
Assn.
Co_ (N.
Fifth
(N.
Bastian-Blessing Co.
Bates Manufacturing
Bath
H.)
Extra
7%
3-31
8%C
1
3-
3-31
4-
6%.
3-20
4-
2-28
1
3-30
Ltd
Capwell, Sullivan & Furth 6%
3-20
4-15
J30c
37 tec
•
Yorktown
Byers
3-15
Co.—
Quarterly
Bank
(P.
25c
;
4-15
1
4-
(quar.)_ t$1.12te
pfd.
4'/2%
Transit Co.__;
Capitol Records, Inc.—
$2.60
convertible " preferred
5
3-31
18c
$3
3-26
•
Bldgs.,
3-18
$1.25
Manhattan
New
Butler
9c
(quar.)
California
of the
3-15
Terminal
8%C
Hydro-Electric, common
preferred
(quar.)
preferred (quar.)
Bank
Bush
8%C
(quar.)
Aroostook RR.
Bank
3-15
3
3-
1
a5%
(quar.)—|U
4-
t$l
Capital
8
$30c
& Company—
Class.A (quar.)—.
Quarterly
Quarterly
Class B (quar.)_
Quarterly
Quarterly
Quarterly
3-18
(quar.)
3-
a2V'2%
a2te%
i__
Burns
3-21
Corp.—
3-15
4-16
$$1.19
(increased)—
com.
$1.50
Steel
3-15
3-19
2-28
t $ 1.2 5
Co.-
Ry.
Products,
Capital
3-15
1
3-31
a2te%
(quar.).;
Niagara Electric, 3.6% pfd. (quar.)
Products, Ltd. (quar.)
Bulova Watch Co.
(quar.)_
Burlington Steel Co., Ltd. (increased)
3-
(quar.)
1
4-
3*
Buffalo
20c
(quar.)
1
4-
4-
Pacific
Western
3-21
1'
2-28
1
4-15
——,
Refractories,
Class
3*
_____
(quar.)
Buffalo Insurance Co. (N. Y.)
1
(quar.)
of
-
preferred
1
1
2-28
3-
(quar.)
4-
tlOc
3-17
4-
3-
4-15
...
—
Ltd
Canadian Westinghouse Co., Ltd.
(quar.)—
Canadian Wirebound Boxes, Ltd.—•; *
Class
A
(quar.)
—
Cannon Mills,
common..——
3-18
Co.—
(quar.)
1
preferred
preferred
—
Co.,
4-
preferred
4%
7%
30c
preferred
5%
preferred
4-
83Ac
Bangor
$5
4-
(quar.)
&
(quar.)
Brunswick-Balke-Collender
non-conv.
4-
1
1
1
3- 1
4-
t$1.50
(quar.)
—
Quarterly
3-
common
preferred
convertible
50c
•
(quar.)
Canadian
2
3-17
3-30
$64c
preferred
Company,
5%
Co
common
Porcelain
7%
Bangor
33A%
L.)
5%
20c
1
3-
4-14
3-17
4-
3-31
$40c
$3.60
3-15
(quar.)
(quar.)
Locomotive Works
Baltimore
(E.
Co.,
25C
preferred
Baldwin
Bruce
$1
Inc.
Babcock
6%
Shoe
3-15
(quar.)
4-
4-
preferred
pfd.
(quar.)
Silk
3-15
Ltd.—
Distillers, common
$4 preferred
(quar.)
4%
junior preferred (quar.)
3-21
4
4-
$$1
Brown-Forman
4-15
(quar.)_
1
1
Co., common (quar.)
preferred (quar.)—
5%
3-31
(quar.)
common
1
4-
4%
Ltd.,
Cos.,
Canadian
Ltd.—
Corp.,
4-
117 tec
Co.,r Ltd.
Oil
Canadian
1
(initial)^.
Power
4-
—
Ingersoll-Rand
preferred
3-15
4-16
3-15
3-15
Ltd.—
Co.,
(quar.)_^
Canadian
'
1
4-
preferred
Canadian
3-15
3-10
t20c
Machine
(quar.)
Industries, ^Ltd.,- common
5%
3-15
4-
(quar.)
25c
(quar.)
Products, Inc., 4% pfd.
Manufacturing Co. (quar.)
Axe-Houghton Fund, Inc
Axe-Houghton Fund B, Inc
Ayshire Collieries Corp. (quar.)
•
A
37 tec
(Hartford)
Sons Co.,
Allied
(B.
4-15
3-31
3-29
4-
—
$50c
3-10
3-15
4-
$30c
3-10 .1
3-10
3-3
$70c
(quar.)__-
8%
$25c
$$0.234375
(quar.)
com.
(quar.)
preferred
10c
Inc
Axelson
Babbitt
Ltd.,
(quar.)—
Columbia
*10C
Products,
preferred
4-15
J 20c
(quar.)
(B. F.)
6%
*15C
3-19
4-
Brown-Durrell
Products
Steel
43A%
Class
3-19
1
4-
3-31
V
Broad Street Investing Corp
Brooklyn Union Gas Co. (resumed)—-
—
68%C
Automobile Insurance Co.
Avery
New
3-16
3-31
37tec
participating
Participating
Oil,
$25c.
—
Canadian
1
$$1.88
preferred
British
■
(quar.)
60c
^Automatic
5
2-28
,
Auto
5
Co.—
(quar.)
preferred
"
Building
(quar.)
(North
Co.—
3-3
(quar.)__
Canadian
3-14
3*
933Ac
Ltd.—
Amer. dep. receipts for 5% pfd. (s-a)
American
deposit
receipts
for
ordinary
registered (interim)
Amer. dep. receipts for 5% pfd. (s-a)
Amer. dep. receipts for 5% pfd. reg. (s-a)
43A%
9
3-10
1
3*14
3-31
3-23
4-
Ice
A
7%
3-18
35c
50c
(quar.)-
$433/4c
(quar.)____
3-10
t21c
Class
50c
(increased)-
3-3
Food
Canadian
35c
\
'
———
pfd.
Assurance
preferred
Bucyrus-Erie
Co.
Imperial Diesel Engine
Series A preferred (quar.)
Atok-Big Wedge Mining Co
5te%
3-11
Co.—
Corporation
Common
3-16
3-31
*30C
Atlas
Finance
3-10
1
Ltd.—
preferred A (quar.)
3.75% preferred B (quar.)
Auto
4-
3-26
50c
(quar.)
4%
Atlas
■
12'/2C
„
(quar.)
Electric
•\
3-15
$1.50
3-21
3-31
15c
$1.37V2
(quar.)_.
British-Columbia Electric,
4% preferred (quar.)
3-15
4-15
J15C
Atlantic Refining
3-15
1
3-31
(quar.)
Co.
of
4-
$35c
(initial)
com.
new
A
Canadian
3-19
1
3-29
$$1.50;
Vancouver, Ltd.—IV
$60c>
s-a
Brown
Hardware,
Investment
City
4-
3-30
4-
^
A.
33A%
3-15
1
20c
(quar,).
(quar.)
Associates
3-15
4-
$1.12te
(quar.).
Corp
H.)
3-31
15c
—
preferred
Ltd.
Corp.,
A
9-15
$1.50
(quar.)__
preferred
(111.)
Construction
Ashdown
Class
Co.
4V'2%
Constable
6-15
1
$1.75
Gas
Corp.,
Company
1
1
(quar.)
pfd.
(quar.)
convertible
Arnold
pfd.
—
4-
Extra
British-American Tobacco,
3-15
4-
7-
10-
$1.25
•
$6
6-23
$1.25
(quar.)__
_
6%
<
Brass Co., common—____—i
convertible
preferred
(quar.)—
British-American
6-23
6-30
$1.25
preferred
Light,
Western
Steel
Armour
&
Power
6-30
$3
$5 preferred (quar.)
Distillers
Increased
3-23
3-31
$1
3-19
—
(quar.).
Bristol-Myers Co., 33A%
3-21
5c
3-21
$30c
Class
3-17
4-13
10c
(quar.)
Common (quar.)
6%
preferred (s-a)
Arkansas
3-31
$5 C
(annual)
Mills
$5 preferred (quar.)
Arkansas Natural Gas,
common——
Manufacturing Co._:
Brillo Manufacturing Co., com.
4
Common
Arizona
Ltd.,
(quar.)
Briggs
8
3-22
(quar.)
Co., Ltd.
Angostora-Wupperman Corp.
Applied Arts Corp.
Arcade
1
12 tec
Co..
(quar.)
Canadian Oil
Anglo
$1.75
Co., 7% pfd. (quar.)
Wringer
Co.
(quar.)
Metal, Inc.
(quar.)
1
3-30
Traction, Light & Power, Ltd.—
(quar.)__
&
5y2.%
3-15
Ampco
4-
75c
Bridgeport
3-17
3-25
(1
3-21
tlOc
tl2tec
$32tec
__——
preferred
British-America
Co.—
(quar.)
American Woolen
Anchor
,
(quar.)_
& Sons
preferred
Brewers
4
American
Anaconda
(irreg.).
Co.
Bridgeport Gas Light
3-
2
(1.75
1
$1.25
50c
31'Ac
37'Ac
75c
Extra
(quar.)
Products
6%
—
Sugar
Preferred
J.)
Brazilian
4-
Bearing
——
Mines, Ltd.;
Brantford Cordage Co.,
1
50c
preferred
American
(E.
common
Bralorne
6
$1.50
Refining Co.—
(quar.)
American Telephone & Telegraph Co.—
Quarterly
American Tobacco-Co., 6%
pfd. (quar.)
7%
Roller
1
30c
American
Bower
Brach
15c
Co._____
$15c
(quar.)
__—
60c
(quar.)
6%
25c
4
_
Warehouse
3-
1
3-21
7-
Co.__
3-
1
4-
$0.61826
RR
3-10
4-
$1.50
Co.
__—
Albany
4-
4
$183/4C
Products, Ltd., common
t25c
(quar.)—.
4 y2 %
preference
(quar.)
t$1.12te
Canadian Foreign^ Investment Corp., Ltd.—
Quarterly
Canadian General Investments, Ltd. (quar.)
J20C
2-23
25c
$1
87tec
$2
(quar.)—.—
4-1
$1.25
Seating Co.
Special stock dividend
American Service Co., $3 preferred—
Participating
American Snuff Co., common
6%
preferred (quar.)
American
Stamping
Co
American States Ins. Co,
(Indianapolis)
Stores
Corp.
W.)
5-14
American
American
(George
4-
$5c
_
preferred
Class
-
25c
25c
4-15
$1.25
5%
1
(quar.)
10c
1
4-
Corp
Club
10c
—
(accum.)_
&
Brass
25c
i
(annual)
,
American
&
Month
Borg-Warner Corp., com. (quar.)___
3'/2% preferred (qaur.)___
pfd. (quar.)_
Standard Sanitary—
Lines,
the
50c
(quar.)
Insurance
(bi-monthly)
American Optical Co. (quar.)
American Power & Light, $5 pfd.
$6
preferred
(accum.)
Radiator
1
6-
25c
Co.
Co.
American President
Aluminum
of
Ltd.,
preferred'
Canadian
3-15
4-15
$1.37y2
(quar.)__~
pfd.
$25c
.
\
Celanese,
Extra
Inc.—
Company,
C.)
prior
Bohn
3-30
$1.12te
Products
American
(H.
5%%
.'
Co.
Airplane
$31»/4C
_—_—
preferred
(quar.)__^—
Cottons, Ltd., common
6%
30c
25c
$1.50
$1
(quar.)-
Bliss
Book
Manufacturing
Metal
4Va%.
4-15
4-15
3-31
3-15
50c
2
4-15
3-15
3-31
(quar.)__
(quar.)
!
Canadian
2
——
2
Participating
$1
3-15
3-31
(quar.)_
Mfg.
5-
97tec
(quar.)
American
American
•
common
(quar.)
preferred
Decker
&
Extra
Ltd.,
convertible preferred
cum.
non
$1.75
3-10
3-31
15c
50c
5-
Machinery & Foundry—
3.90%
Foundry
35c
(quar.)
Locomotive
preferred
Steel
30c
common..
4-15
3-31
25c
12'/aC
15c
(quar.)
(quar.)_____
& Machine Co.—
Co.
$1.75
Co.,
3-15
5-
■
(quar.)__
common
37'/2c
Traction
&
preferred
1
$1.75
50c
preferred
Manufacturing
Black
3-15
4-
$1
50c
Irregular
3-15
American
(quar.)__
convertible
5%
1
60c
•
commofi
$10c
Canners,
Participating !
50c
Birdsboro
(Illinois)—
common
Extra
Binks
2-28
4-
+25c
t50c
50c
37tec
81'Ac
(quar.)
preferred (quar.)
Benson & Hedges, $2 conv. pref.
(quar.)___
Bethlehem Steel Corp.' (Del.)
7% preferred
(quar.)___
—
Bibb Manufacturing Co.
(quar.)
1
IOC
1
Whcn
Holder»
Payable of rCCi
Share
1st, preferred
,5%
2-28
4-
|^c
convertible
$4
1
25C
preferred
preferred
Loan,
4
2-28
1
Canadian
(quar.)
Corp.
Industrial
Bingham-Herbrand Corp.,
Extra
American Investment Co.
Aviation
3-
1
of Company
Canadian
3-26
Ltd.
—
Beneficial
4-
Name
3-15
1
4-
40c
t$1.50
t$1.75
(quar.)
common
preferred (quar.)
Telephone Co. pf Canada
$3.25
Semi-annual
5%
5%
Bell
Bendix
4-
$1.18%
(quar.)
American
Corticelli, Ltd.,
preferred (quar.)
4-
50c
(quar.)
(quar.)
Common
4
25C
(quar.)_
(initial)
:
Products
Co.
RR.
Packing Co.
Belding
4-
(quar.)
Ltd.
Creek
Beech
Per
Payable of Reo.
Share
$75c
iff Company
Beech-Nut
4-
Co.—
(quar.)
Home
4
3-22
Co.—
Rubber
Hard
3-
Name
Beatty Bros.,
$1.50
60C
preferred
1
3-31
$1.75
(quar.)
American
4
$1.50
(quar.)
Hair & Felt
Common
3-
Belgium Glove & Hosiery Co. of Canada,
Inc.
Bldg
Mart
preferred
1
4-
87 tec
(quar
'
Growers,
Gas
43A%
4-
Co.—
(quar.)
American
$6
(quar.)_
Cyanamid Co.. common
preferred
(quar.)
3 '/a %
American
Payable of Rec.
37 tec
,
Monday, March 21, 1949
Holder•
When
Per
Holders
When
Per
Name
American
CHRONICLE
FINANCIAL
&
COMMERCIAL
common
1
(quar.)
—
—
6-.1
9-
1
50c
5-14
87'/2C
3-31
87»/2C
6-30
5-
2
8-
1
4-20
3-15
6-14
I
Number 4787
169
Volume
THE
Per
olderi
I
Re c.
of Company
Name
„
Share
^
Collateral
Loan Co. (Boston* . (quar.)_____
colonial Ice Co., common..........;
_
S6 preferred B (quar.);_
Colorado Fuel & Iron common iquar.t
3-10
3-10.
3-10
3-10
Combustion Engineering-Superheater-—
3-15
Commercial Alcohol^
Commercial Credit Co.,
$1.50
3-
1
,
2-28
2-28
,
preferred
$6
3-31
3-
$10c
4-15
3-31
3-
90c
3-31
3-
."
25c
3-25
3-31
3-
2
4-
1
6c
4-
1
3-14
$1.50
4-
1
3-11
50c
3-31
3-20
1
3-
$6
preferred
(quar. I
Consolidated Gas, Electric
Baltimore,
1
'
(quar.)
common
5-2
90c
preferred series B tquar.l$1.12%
preferred series C tquar.)——_____
$1
i
4%
Consolidated
Corp.,
(quar.)_
Grocers
,
•
preferred
5V
-30
com.
Boston)
Co.,'Ltd
-
preferred
414%
Consolidated
|v
Textile
Consumers
Gas
Consumers
Power
•
4
3-15
3-15
3-31
Duval
3-
1
6-
1
3-15
30c
4-
1
3-14
i.quar.)
3-14
preferred A
6%
preferred
7$2
4-
1
3-15
6%
preferred
4-
1
3-11
6%
preferred B
$1.13
4'
'
25c
1
quar.)
1
; ■
3-11
1
1
3-11*
93%c
4-
1
$1
3-15*
common.:..
15c
3-31
40c
r';
4-
3-19
preferred -(quar.)
*7: $1.25
Continental-Gin, Co., common (quar.)
50c
4%% preferred
(quar.jAAAAl—_\a___:A$1.12*
1
4-
1
1
4%%
preferred
Oil
Co.
(quar.$___Ar-'_'_____
(Del.)aa—I—A—iaa.—
Cooper-Bessemer; Corp., comf'tquar.)
S3 prior preferred
(quar?)__-_______;____,
Copper Range Co. ' (increased quar.)
~
1
-
3-15
7-
1
16-15
$1.13
3-28
"\/$1:j
.
50c
.
3-28
3-
preferred
Economic
7
a 75c
;
Ecuadorian
J-3-18
$5.25
Electric
Corning
v
(quar.l^i^i—__;
Works, common; (quar.r___
Glass
3%%
pfd. series
Coronet
j Crain
iR.. L.i,
Company;
of
Creameries
Crompton
Of
&
Knowles
Crown
Cork
Crown
<
5%
&
Seal
Steel
&
3-21
25c
3-31
3-10
3-31
3-18
(quar.)
Works,
_______
75c
'
com.__
Co.
1 reduced)
1
3-14
3-17
Elgin
4-15
4-
Securities
;
3-31
3-15
6-30
6-14
I_I
30c
(quar.)
7-
1
6-17
5%
preferred
(quar.)_
$1.25
preferred
(quar.)
Stock
(s-a)
dividend
$4
3%%.
5%
preferred
Class
Davison
5*
Long
10-
9-15
$1.75
4-
3-
4
European
75c
4-
3-
4
Eversharp,
4-
3-
4
25c
4% fa
3-19
4-
1
4-
1
3-21
(quar.)
3-31
725c
(quar.)
87%c
$1.25
12%c
;
15c
Co
50c
(quar.)_:
$1
Corp.,
preferred
&
A
3-15
General
6%
Traders
Life
Controls
CO.,
3-14
3-14
General
200%
4-
75c
4
50c
4%
1
4-
3-25
$1.25
4-
1
3-18
3-31
2-18
General
Mills,
General
Motors
$1.75
4-
75c
25c
1
1
3-10
3-15
4-
1
,
4-
1
3-15
4-
1
3-21
3-
3-31
$1
62%c
4-
1
3-14
4-
1
6-
1
5-12
7-15
6-28
$4
7-15
6-28
6%
3-15
25c
3-31
3-15
Railway Signal
preferred
General
Refractories
1
3-15
General
General
1
3-17
1
3-17
.
Time
Common
25c
3-10
_—.
30c
4-
1
3-
5
Gerber
_____—
56'Ac
4-
1
3-
5
Gibson
6
3-15
3-15
Federated
4-
3-17
4-
1
4-
1
3-19
4y4%
4-
1
3-19
Y.
Federation
1
"A"__
Felt
5%
Enamel
Fihve
4-
1
3-20
Fidelity &
Fidelity
1
4-
7-
4-
1
3-
1
12%c
3-31
4-11
4-
1
4-
1
3-18
3-12
25c
10c
25c
62./ac
50c
3-21
3-
Co.
Y.)
5%
4-
1
8-
9
1
3-15
3-25
3-
3-15
4-
1
3-15
3-31
3-10
4-
1
3-25
8-16
8-11
3-22
3-
4-29
4-19
3-25
3-
Special
6%
4-29
4-15
3-31
3-17
1st
A
'
Class
Florida
35c
62%c
Florida
Power
4%%
4-15
3-31
4-
1
3-10
725c
4-15
3-29
Follansbee
735c
4-15
3-29
Food
750c
4-15
3-15
Florsheim
;
Co.,
Steel
Machinery
Stock dividend
&
1
3-18
3-24
3-14
4-
4-
3-21
3-21
15c
1
3-18
1
3-18
444-
1
3-14
$1.25
4-
1
3-15
4-
1
3-15
(quar.)___
$1.12%
3-30
3-15
15c
3-29
3-16
(quar.)__
$1.25
5-
4-
1
3-19
3-
1
3-
1
3-21
3-
1
4-
3-14
50c
-
1
3-
1
Manitou
State
(B.
Class
A
3-
1
Class
B
3-31
3-
3
6%
1st
(quar.)
Co,
3% %
Granite
Great
American
Britain & Canada
4-
1
3-31
4-
1
3-15
75c
3-30
3-
1
5-20
$1.50
(quar.)
9-
$1.50
12-
1
-
1
8-20
1
11-20
20c
3-20
2-20
3-20
2-20
25c
3-20
3-
5
$1.12%
C-
1
5-11
10c
4-
1
3-18
$1.18%
—
4-
1
3-18
—~
(irreg.)
_
25c
4-
1
3-14
12 %c
class A————
4-
1
3-14
75c
3-31
3-18
25c
% %
3-31
3-15
4-30
4-
5
preferred
(irreg.)
Insurance
—
Co.
(N.
Investment
Steamship,
Great
Northern
Great
West
Railway
Great
Great
6%
Great
7%
;
conv.
West
West
2nd
pref.
—
Co.
(irreg.)
com
Greenfield
Life Assurance
Tap
(B.)
Sugar
A
4-
1
3-18
4-
$1.12%
Die
1
3-18
3-30
3-10
3-30
3-10
$1.50
4-
1
3-15
4-
1
3-10
62%c
4-
1
3-10
,
75c
4-
1
3-10
25c
4-15
3-28
$1
3-31
3-14
7$1
3-31
3-31
4-
1
4-
3-10
3-10
3-10
1
3-28
4-
1
3-28
4-
1
3-28
762%C
3-31
3-21
10c
3-25
3-10
$15c
3-31
3-19
4-
1
3-14
4-
1
3-14
50c
3-31
3-3*
4-15
3-2*
7S5.50
10c
740c
1
3- 4
3-23
3-10
3-31
4-
3-
7
762'Ac
3-31
3-
7
730c
3-31
3-
7
3-23
3-31
$1.12%
$1
730c
3-31
3-23
3-21
2-23
4-
3-21
1
Co.
(increased).
730c
10-
1
712 %c
——————
(quar.)
4-
1
3-21
I$5
4-
1
3-18
9-20
Corp.
Wire Co,
Ltd
(quar.)
3-31
3-10
4-2
3-10
$1.75
Co,, common
preferred (quar.)
Greening
$1
25c
—
Saddlery Co, Ltd.—
preferred (quar.)
Western
3-18
Corp.—
common—
(quar.)
Felt Co, Ltd,
Common
50c
1
30c
—
Y.)
—
preferred
4-
3-21
93%c
(quar.)
preferred (accum.)
Lakes Industries, Inc. (quar.)
Great Lakes Paper Co, Ltd, common—___
Class
A
preferred
(quar.)
Class B preferred
(quar.)—
Lakes
2*
$1.75
•
2*
3-
25c
-——
$5
4%%
3-
1
$1
—--——-;
Great
Great
1
4-
762%c
(quar.)
Steel
4-
$$1.50
common
3-15
City
3-28
40c
$1
—
(quar.)
Gorton-Pew
Fisheries
(quar.)
Grand Rapids Varnish Corp.
Grand & Toy, Ltd
T.)
25c
$1.25
—
(quar.),
common
3-18
3-30
—
(quar.)
non-cum.
3-18
7-
(interim)—.;
(quar.).—
Company, common
(quar.)
—
1
$1.50
Ltd.
preferred
(W.
1
56%c
12'Ac
F.)
1
1
______
(quar.)_,
____
Mines,
4-
3-
(quar.)
common
Goodyear Tire & Rubber Co. of Canada, Ltd.
Gordon & Belyea, Ltd.—
3-10
2
10c
______
(quar.)
preferred
5Cc
$1.06%
quar.)__
Co, Ltd, common
preferred
Goodrich
$5
(quar.)
(quar.)
$20
—
Corp.
3-14
__________
(quar.)
Co.
Telegraph
preferred
3-22
2^c
Chemical
3-14
1
5c
Great
Corp
3-31
4-
3-21
(quar.)
3-31
—
8
$1.50
(increased
4-
(quar.)
—
3-22
1
3-31
—
31'Ac
(quar.)
&
Shoe
3-18
4-
20c
pfd.
Iinsurance
$2
—
B
3-
3-28
$1.06%
Co
Coal
Stock
&
$2.50
25%
(quar.)
Light, 4%% pfd. (quar.)_
Utilities, com. (reduced)
preferred (quar.)
743c
Class
Gold
Grant
Public
735c
3-29
$3
—
.:
3-25
50c
(quar.)
Power
Corp.
3-11
3-18
3-14
(quar.)
$5
preferred
35c
div.
3-11
I
1
3-31
1
(quar.)
Brewing
720c
B
Florida
1
$4.50
4-
$1.06%
(quar.)
4-
3-31
Co, 4%% pfd.
Refrigerator Co. (quar.)
Golden
—
(quar.)
3-31
3-31
Products
Golden
—
preferred
2
15c
Co.
Co,
Extra
4-19
•
Fitzsimmons Stores, Ltd. 6% 1st pfd.
6% 1st preferred (quar.)__—
5-
93%c
iquar.)_
(quar.)
Parts
Falls
3-15
1
Co.—
(quar.)
3-31
81 %c
pfd.
(quar.)„__
class A (quar.)
Power
Alden
4-29
Guardian Securities Corp.—
Class
Glen
4%
(quar.)
Inc.
2
$1.06%
3%%
(quar.)
Safety Razor Co, $5 pfd.
Gleaner Harvester (quar.)
4-
$1.06%
Company—
Stores,
9
25c
9
3-11
Y.)
3-31
5-
50c
Gillette
Goebel
3-11
National
3-10
1
7
4-14
First
3-10
4-
B
6-29
2
*
10-20
3-31
3-25
(N.
6-29
5-
40c
Corp.—
1
3-25
—
—
preferred
6-29
7-15
7-15
30c
11-
4-30
Bank
3-11
4-11
50e
Glens
65c
convertible
3-31
7-15
(accum.)
Glen-Gerry Shale Brick Corp.—
Increased
quarterly
Glidden Company, common (quar.)
4%% convertible preferred (quar.)______
Globe-Wernicke 7%
pfd. (quar.
Godchaux Sugars, class A
tquar.)
20c
National
3-15
(quar.)
7-20
15c
Ltd
Pennsylvania
1
3-10*
15c
4-20
15c
Extra
First
Co.
$3
of
4-
1
25c "
1
Inc
&
3-15
$1.50
(quar.)
Goldblatt Brothers,
stk.
i
(s-a)
1
$1.50
(quar.)
(Maryland)
4-11
4-
common
Corp.
8-
quar.)
preferred
Co.
Co.,
Rubber,
preferred
75c
(N.
2
$1
5-
(s-a)
(quar.)
First
Ltd.—
preferred (quar.)
ominion Foundries
& Steel, Ltd.
(quar.)__
°mini°n Glass
Co., Ltd., com. (quar.)
*
preferred (quar.)
50c
—
(quar.)——
Stores
Canada,
Deposit
(Marshall)
Finance
2
25c
-
cf
Fund,
4%%
3-18
2-6-50
(quar.)
3-lfl
$1
Co.
Co.
Shoe
Corp.
(initial
Field
3-10
4-25
50c
3-28
Corp.—
1
1
3'Ac
4-
3-2^
1
1
$2.50
Inc.—
(quar.)
Products
9
3-1-50
<quar.) —
18 Corp- (quar.)
0il Fields
Mfg.
preferred
Ferro
3-20
7-
3-15
(quar.)
Trust
&
Curme
3-
75c
(s-a)
DixtHi ?
i
&
3-10
9-
(s-a)
(quar.)__
Tarrant
1
25c
Pf^icipatihg preferred
T Motor Car (auar.)
&
Feltman
Class
Genuine
$6
&
Brewing,
Georgia
12 %c
Bank
4-
4-
3-31
50c
Stores,
!—
preferred
Publications
3-23
121/2(5
(quar.)
'Quar.)..
preferred
convertible
3-21
$1.75
37 %c
50c
Quarterly
3-15
3-10
3-10
New
(quar.)_____
class A
(quar.)
Federated
2-28
4-
3-11
Smelting
&
Department
2
5-
3-19
3-26
7$1
Mining
Common
3-21
3-31
9
725c
Semi-annual
5c
—
726c
25c
Federal
3-29
5-
(quar.)
50c
3-16
Federal
4-
93%c
Co.
3-16
$1.75
Brass
1
Canada
3-16
$1.37%
Instruments
Tire
Genesee
4-
3-15
12M2C
___
25c
3-21
3-19
1
3-31
50c
(quar.)
11-15
1
3-19
6
$1
15c
common
1
__——
of
2
$1.50
tquar.)____
preferred
General
3-
Bake
Co.
4-
25c
__
(quar.)
Corp
Castings,
$6
pfd.
Telephone Corp.
(quar.)
General
44-
4-
-—
Insurance
3-18
$1.25
tquar.)
Steel
12-
—
Fire
3-17
1
Reinsurance
3-18
40c
5-10
4-
40c
pfd.
Utilities
8
General
5-10
5-25
25c
pfd.
(quar.)
Realty A
4-
3-31
5-25
1
<quar.)__^
preferred
4-
4-20
3-15
15c
(s-a>__
75c
$1
3-15
3-18
750c
pfd.
Service, $6
preferred
(quar.)
General
1
1
Mfg. Corp, Ltd,
convertible
4-
1
4-
752.50
$3.75
Public
General
4-
4-25
4-
B
$5.50
3*25
750c
preferred
General
3-25
$1.75
(quar.)
Cement Co
Portland
Class
3-14
25c
(quar.)
A
5%
3-25
1
$1
_______
pfd.
pfd.
Products
Class
3
1
$1.25
Corp,
2nd
conv.
General
3-14
683'4C
ts-a>
(reduced)____
pfd. (quar.)___;
5%
preferred (quar.)
General Paint Corp. $1
3-15
25c
C
7%
$5
3-12
2
4-
4-
25c
Corp.
1
4-
3-28
•
tquar.)
5%
3-10
4-
3-31
$1.50
5-
$1
$1.25
preferred (quar.)
General Instrument
$1.50
7
3-15
25c
Co.,
4-11
Inc,
3-31
50c
preferred
Fireproofing
3-21
3-
50c
Co.
convertible
1
1
37%c
3-31
90c
Electric
4-
4-
25c
General Finance Corp.—
5% preferred A (s-a)
(quar.)__—-—
Co.
$2
31%c
50c
Rubber
4-18
-
common
3-11
—
Frocks
3-28
2
(quar.)
(quar.)
1
'
7
2
5-
3c
common
4-
4
-—
3-
5-
15c
(quar.)
pfd. (quar.)
2nd
$1.12%
4-
Insurance
1
$1.06%
preferred
preferred
4-15
(quar.)
common
(quar.)___
Quarterly
Federal
3-10
92%c
& Mf^ C°
Ltd,
conv.
4-
Shops Inc. (quar.)
Federal Chemical, 6% preferred (quar.)
3-31
25c
(s-a)___
common
Shares, Series N.
Square,
1st
4%
*
8
75c
minion
4%
General
Quarterly
-
.
*
3-10
3-15
25c
4-
37%c
preferred
(quar.)^
Co. of N. Y.
^nion Dairies,
non-cum.
Corp,
3-31
3-31
3-25
$2.50
Quarterly
3-19
vfi! P'articipating
fXgUez
Lommon
Finance
tquar.)
(quar.)
3-19
(s-a)-
Farmers
35c
Domini
preferred
Co.
1
(quar.)
5
$1
common
5%
convertible
General Cable
1
$8
65c
Ry.
preferred
4-
°'«raLd Ma"?hCComiCi" C°' (qaar )——"
p Co-'
3-15
4-
Supply—
A
4-
(irreg.)
pfd. (quar.)
4-15
'
(quar.)
rio
Builders
70c
5
50c
Dix^n TheatreS
Box
General
4-
15c
4-
50c
(quar.)
oSS*
General
3-15
3-18
3-18
Baking Co., common-_____________
preferred (quar.)
General
4-15
25c
(quar.7
Inc. (quar.)
&
3-15
3-25
/
Quarterly
Corp.
(quar.)
Iron Co., common
Co.,
3-25
$4.25
General
$1.06Y4
93%c
(quar.)
Raynolds
5
5
3-15
21c
Players Canadian Corp., Ltd. (quar.)
Fanny Faimer Candy Shops (quar.)
Y.—
;(quar.)__
twirl; Aluminum
3-
3-
1
$1.75
American
Faultless
d2| nSket
1
1
Corp.—
H.), Ltd., 4.16%
North
Inc., 5%
4-
Suspiy
tquar.)
preferred series
4-
4-
Corp.—
Common
$1
C.)
1
75c
Transportation
10c
(quar.)
1
$1.12'a
(quar.)
American
20c
Famous
Family
3-22
4-
$1.25
4-25
prefeired
B
3-19
1
1
4-
tquar.)
A
4-
7$1.20
25c
m
i rio
1
4-
3-
4-
12 %c
(N.
10c
preferred
eposited Bank
1
3-10
4-
,
convertible
•%
3-25
50c
(T.
4-
-40c
Ex-Cell-O Corporation
$1.12%
n
,
Co.
Estabrooks
&
1
751.37
725c
(quar.)
Mills
$1.12%
DfJn
Preferr®d (Quar.)
peep Rock Oil Corp
Denma
™ric Co' ((luar-)
oft
preferred
preferred
(accum.)
3-
General
4%%
A
Cotton
4-
3- 4
4%%
preferred
3-
t$i.25
1
3-15
Erwin
4-
4-
prefeired
6-15
3-18
730c
common
3-18
3%%
1
3-15
3-31
1
8-15
7-
3-15
3-31
25c
4-
5-13
4-
3-31
28%c
Gemmer Mfg. Co., class
General American
1
;
34%c
3-18
1
$1.12%
3-15
Co.,
6-
Lackawanna & Western RR
rX"e Power & Light 4% pfd. (quar.)__
Dentists
Power
9-
$1.12%
$150
3-15
1
—
common
<quar.)___
1
3-15
Inc.—
$1.50
(quar.)
4-
8-19
12-
1
1
4-
$4.50
com.
4-
37%c
$1.75
(quar.)__
9-10
12-20
3-31
Co.,
preferred (quar.)
5%% preferred (quar.)
$1.25
___
preferred
Sc
25c
Ltd.—
5-20
30c
5%
$1.25
(quar.)
Tire. & Rubber,
Gatineau
(quar.)
peaware,
•
10-14
Packing
(quar.)
(quar.)
N.
Co.
1
4
3-18
6-10
30c
tquar.)
(quar.)
Co. (quar.)
preferred
A
Fashion
Eye
11-
$1
Farnell-Birmingham (irreg.)
&
Garlock
3-
3-25
1
3-31
(quar.75C
Investors, common
10c
4%%
4-15
7-15
1
4-15
4-
25c
preferred
1
2
1
$1.50
(quar.)
,v
Hudson
12-
58-
4-
4-30
15c
(quar.)
convertible
A
___-
A*
12-15
$L50
$1.50
Co.
3-15
ifcok
E«ra
elaware
preferred
Railroad
3-15
pecca Records
5%%
60c
3-15
pejay Stores.
"e
1
50c
3-31
Preferred
9-
SI.50
Mfg. Co.,
(quar.)
3-31
preferred
9-15
$1.50
4-15
Inc.—
preferred
(quar.)___
o®n & Michi6an RR.,
8''
$1.50
Inc.—
3-10
4-30
12%c
(quar.)
—
750c
payton Malleable
Common
;
(s-a)
725C
Chemical
1
Co.,
preferred
(quar.)
Brothers
(Julius)
6-
(quar.)_
_____;
B
Garfinckel
6-15
$1.25
_____;
"Extra
,
1
B
3-31
1
30c
Co.
4-
Class
3-15
4-
20c
„
(quar.)
r
3-15
1
4-25
3-31
55c
■_
(quar.)
preferred
$5
Davenport Hosiery
Mills, Inc
>av-ld & Frere, Ltd., class A
Davidson
4%
Erie
6
preferred
6%
Gannett
4-
750c
tquar.)
6%
3-15
3-31
7$ 1.33
(quar.)
Galveston-Houston
17%c
preferred
preferred
Co.
4-
(s-a)
Electric
preferred
$5
common
of
3-10
8-31
4-15
3-21
Company—
$5
;
A
3-21
tquar.)__
(quar.)
A.)
(Robert)
4-31
Malting—
Industries
5
Corp
Corp.
3-10
5C
common
quarterly)
(quar.)
preferred
(George
6%
St
$1.50
(Bahamas)
Watch
$1
preferred
Davega Stores
3-15
3-31
$2.20
Gair
Ltd..
(initial)
(increased
4-
(quar.)
Corporation,
4-15
Grain
Common
3-15
Mills, common
preferred
(quar.)
4Va%
$1.25
Frccdtert
4-21
$15
Co
3-30
75C
Sixth
preferred
3-31
Ban River
Dana
Frontier
Fuller
4%%
3-15
25c
J35c
Ltd
Co
Companies,
3-18
3-25
West
Process
4-20
Extra
W. g. Cigar
Franklin
4%
________________
D-
3-15
25c
Co., $7 pfd.
preferred (quar.)
prior
I
(quar.)___
Canada.
:
Four-Twelve
4-
of
.Extra
3-15
55oc
Co.
;
(quar. )*_______
4'A% preferred
Curtis Publishing
1%
6-16
5-
3-22
3-22
Empire Trust Co. (N. Y.) (quar.)___
;Emsco Derrick & Equipment, 4%
pfd. tquar.)
Endicotfc Johnson Corp.,
common
3-17
1
5-16
•-IS
Foundation
Inc
.
Drug Stores,
Curlee Clothing 4%%
pfd.
4Va% preferred
1
7-
10-
1
5
1
2nd preferred (s-a)
preferred (quar.)
Emerson
3-17
4-
'
10c
Cunningham
|
4-11
$1.25
Corp.
6%
9-16
50c1
37%c
4-
3-21
3-
$1.12%
Battery Co
Products, Corp. (Calif.)
1st
8%
3-21
9-30
(quar/.
1
1
4-
(accum.)
preferred
7%
3-18
$1.75
common
1
1
6%
prior preferred
Fostoria Pressed Steel
44-
•
Jf
3-29
Company, common (quar.)_________
preferred (quar.)___________________
5%%
preferred
(quar.)
3-17
44-
5%
Culver
(
3-31
25c
3-15
6-15
ioc
5%
3-17
$1.75
Sugar,
'
3-31
30c
(quar.)
Atlantic
1
$1.70
:
(quar.)
preferred
T
4-
25c
(quar.)
National
4-
7-
$1.50
Ely & Walker Dry Goods Co.,
'
preferred
5%
Corp.—
A. (quar.)
(quar.)
.
25c
37%c
37%c
3-15
Elliott
$2
_a______
Common class B (quar;)__
_—A
Cuban American
Sugar Co., common (irreg.)
1
7% preferred
7%
4-
3-15
(quar.)
25c
Alloys
3-15
4-
common
J5C
&
3-31
4-
(quar.)
I
(accum.)
Refractories
Common
(quar.)
4-
37 %c
(quar.)
preferred
4-
(quar.)
Electro
-
(quar.)
Cuban
4-15
$2
preferred
class
5-16
pfd,
preferred
3-15
dividend
Elcctricai
3-31
;
v
(quar.)
8%
Common
3-18*
30c
'
;
common
Forster
3-14
$1.25
America—
(quar.)__-.
&
«■
Corp.,
A
prior
1
Electric Auto-Lite Co
Electric Boat Co., $2
preferred (quar.)
Electric Controller &
Mfg. Co.__
Electric Ferries, 6%
preferred (quar.)___
;
Electric Power &
Light, $7 pfd. (accum.)_
$6 preferred (accum.)
Electric Storage
3-22
1
Stock
-
$2
i$c
class
prior
$1.12%
(Texas); $4.50 pfd. (quar.)
Paso Natural
Gas, com. (increased)
>
3-10
6%
4-
v
Electric
'
(quar.)750c"
(final)
80c
preferred
Crum
1
4-
Ltd.
Corp.
of
3-15
3-rlO*
•v'
3-24
25c
(quar.)
Forster,
4-
* 30c
—
1
Corp.—
8%
.
1
4-
$1.50
Co.,
Co.
preferred
Crum
4-
(quar.)
Zellerbach
Crucible
3-21
40c
Loom
Publishing
A
40c
Inc.
International
class
710c
4-
6%
8
(quar.)
El
Paso
75c
(s-a)
1
8
II.
3-17
3-31
(quar.)
Edison Bros.
Stores, Inc.—
4Y*% partic. preferred (quar.)_
—
tquar.)
Crowell-Collier
Crown Cork
si.50
pfd.
(quar.)__
(quar.)_
El
;
3-10
1
$175
3-21
3-23
3-15
4-
1
75c
3-21
A
1
3-20
4-
aoc
4-
4-
Eddy Paper Corp. (irreg.)
Edgewater Steel (monuily;
:■>,
__i_
—
Corp.
America,
preferred
v.-
(quar.)i__J_™^
common
Wheat
3-31
4-
Ordinary
3-10
4-15
12%c
87%c
;
.;3-18
1.
.r
$1.31 %
1947- (quar,)__ '~
Ltd.
Crane
$1
and
Phosphate. Ox.
Cream
•
1945
3-22
//•'AAA-/4-v/
preferred
I
L
6%
Corp.—a
3-28
20c'"
_______
Cornell-Dubilier
'
4-
50c
Transit
Kleiser Co.,
FOster-Wheeler
1
8-24
4-
I
Ltd.
$1.50
1
4-
4-
(accum.)
(accum.)
Corp.,
3-18
4-
4-15
Fraser
Trust,
4-
4-
75c
(quar.)I
A
4-15
4-25
(quar.)
B
class
4-15
Associates—
B
A
4-25
Co._
Investment
-
.
A
Worth
87%c
Eastman Kodak
Co., common (irreg.)
6%, preferred
(quar.)
Easy Washing Machine Co.. Ltd
Eaton At Howard Balanced
Fund
Eaton.At Howard Stock-Fund
3-15
4-
Foster
-
3-19
4-
-
.
Fort
2-28
?.-18
Co.—
pfd.
$3
4-15
7l2%c
Co., Ltd
Inc..
preferred (quar.)
Street Union Depot
2-28
—r
(quar.)
$6 preferred
.
'
Continental
Inc.
Eastern States
Corp. (Maryland)—
$7 preferred A
(accum.)__.
3-10
-
6%
Fort
$1 12%
Racing Association,
Common
*,
1
;
At 6%
;
&
(quar.)_
preferred B
Eastern
•
3-11*
4-
6%
>
3-15
4-
1
3-29
50c
(quar.)
A
preferred
3-31
3-21
25c
4%%
1st
F^iel
5-16
■7
3-10
$1.75
Refining
&
$1.12%
Continental Copper & Steel Industries, Inc.—
Reduced
r__i
:_____
AAA/™
Foundry & Machine,
&
1
30c
1
#
prior
1
A; "$1.37%
preferred
(quar.)
preference
(quar.)
6%
preferred
(accum.)
Eastern Massachusetts
Ry
1
Continental
4%%
-
4-
$4.52 preferred (quar.)l
:
Continental'Assurance Co. (Chicago) (quar.)
Continental. Baking Co., common
(quar.)__
$5.50 preferred
(quar.)
Continental Can Co;, $3.75
Oil
Eastern Gas
6-
;
—
Inc.,
Sulphur
ti%
;
Nemours
5%
-750c
(Toronto) ________—'
Co.—
"
*
-
(quar.)
Light,
53c
(s-a)
4-
«i
(quar,)
Products Co.
Texas
Eagle
5-21
1
3-
Gas
Wallace,
25c
(quar.)_____
Bradstreet,
Steel
3-15
3-31
4
3-15
1
c
100%
81 %c
Laboratories.
DunhiU Internationa]
Inc.
Duquesne
4-
3-
Foothills Oil &
3-21
$4.50
Dunn
Ltd.—
(initial)
preferred
3-15
3-29
1
4-
—IIIIIII
preferred
(quar.)_
Power Co.,
common,
7%
preferred
(quar.)__
Dun &
3-15
716%c
Co.
preferred
$4.50
1
750c
.—
Mills,
4-
25c
(quar.)_-_
common
(quar.)
preferred
SI
New
1
25c
A
B.)
Pont (E. I.) de
$3.50
preferred
3-15
3-31
25c
,
1
Consolidated Lithograph Mfg.
Consolidated Paper Co._L
Consolidated Press, Ltd., class
I consolidated Retail Stores,
(quar.)__
1
4-
1
4-15
«>5C
(quar.)IIIIIIII
(Alan
du
4-8
4-
$1.25
Consolidated Investment Trust
'
4-
Foreign Light A Power, 6% 1st
pfd. (quar.)
Formica
Company
(increased)
Foremost Dairies, Inc., common
(quar.)
I
Duke
;
Forbes
4
4-
750c
(quar,)__
(quar.)
Mont
5%
t
Power
4%%
1-10
1
&
1
3-
$1.25
Drug Co., 7% preferred
Draper Corporation
CorPprefened
«<
4
Du
'—AA-
—
Light
3-
1
725c
II
common
Consolidated Edisoll Co. (N. Y.) —
1-10
-
1
4-
I
4-
7si 75
(quar.)
Lomason Co._
Dow
3-10
4-
75c
class A
2nd preferred
preferred A
$4
vioc
ft
$3._5
.
(accum.)!—1
2
4-
h-
Douglas
dividend)
5-
tisr
HIT.
(s-a)____IIIIi:
rs^rra
9
5-
(stock
I25c
I
(quar.)
(quar.)___
,,5
,
1-10,
-25
rv^e«^Mudge> Ltd-«
Douglas Aircrau
3-10
37 %c
37 %c
,
Co.
715c
II
i,
common
^
9
5- 2
1-15
Co.,
»
Consolidated Cigar Corp. I quar.—
1-31
(quar.)
Textile
S*hare
Company
Mineral
12Sc
^
7% preferred
(quar.)T
Donnacona Paper
Co., Ltd.
9
27 %c
1-31
1-15
Dominion
3-31
90c
Name 0/
Foote
(quar.)
When
Bolder»
Payable of Sac.
,
011 Tar & Chemical Co., Ltd.—
*1. Preference
«
,
4-20
(quar.7
Connomo, inc., 4Uc preierred square)
Connecticut Light & Power Co
__!___
Consolidated Cnemical Industries, Inc.—
v
$150 class A participating preference
1
i-3l
1-15,
ill
Common
Extra
_
3-
....
'
7
;—___
common
3 60%
•
2oc
-
FINANCIAL CHRONICLE
o,Compan,
3-21
1
,
Commercial' Solvents'' Corp._™__z;;_^__-___
Commonwealth Edison Co. (quar.)
Commonwealth Investment Co._I___
Commonwealth A Southern Corp. /(Del.) —
3-1
2-28
4-
,
3-8
3-21
iquar.i___
Ltd., 8% pfd.
preferred (quar.)u-l--Commercial Shearing & Stamping
t
1
4-1
4-1
4-30
3-15
3-15
3-
Payable 0/ Rec.
$l>5o
__
&
Rolderi
$1.25
■
3-10
When
COMMERCIAL
4-
3-10
30c
+5c
3-21
3-11
4-
3-
J75C
(quar.).
40c
2
1
1
I*
52
THE
(1268)
Share
Company
Corp.,
5%
convertible
Griess-Pfleger
Gnunell
Gruen
Conn),
9
35c
4-
1
3-15
International
37 %c
5-
2
4-15
International
50c
5-
2
4-15
Class
25c
(quar.)—
Co.
Co.
3-21
2-28
4%%
,
(quar.)
(quar.i—
Sugar Co.,
Guaranty Trust Co.
Guardian.
3-
-
Watch
Guantanamo
9
1
,
preferred
Tanning
Corp.
3-
4-
1
3-15
International
4-
1
3-17
Common
$3
4-
1
3-
4-
1
3-15
9
(Hartiord,
Conn),
(Hartford,
Gulf,
preferred
Shares
Rail
Conn),
Mobile
,____■_
74-1
4-
1
$1.25
preferred
Oil
Corporation
Co., $6 preferred tquax. j__—.
Guilfdrd Realty, 6%. preferred (quar.)
3-15
1
4-
»
1
4-
1
$1.50
____
3-29
-10
preferred
3-
•'*.
6-
1
'^5-
Cotton
1
8-
1
11-1
3-30
3-21
4-
1
Hanover
Fire
Insurance
Hanson-Van
Winkle
Harbison-Walker
pfd.
(quar.)
Manning
3-15
Investors
Selective
1
3-15
Investors
Stock
1
3-15
6-
1
5-10
3-31 7
25c
$1,12%
_
4-
1
1
3-11
3-18
25c
,__
3-31
preferred
(quar.)
1
3-21
1
3-18
3-24
3-
4-
1
3-15
75c J
4-
i.'l ,.'.,3-21
Hartman
.$3
Insurance
Tobacco
Hayes
(quar.)
—
10c
Industries : (quar.)
Hazel-Atlas Glass
Co.
(quar.)___
7
Rubinstein,
Class
A
Heller
(Walter
Hehne
't
—
:
E.)
(George
Cement
Coip.
Motors
&
Dauch
Hines
Paper
Dauch Paper
(Edward)
Holland
Hollinger
Holly
(D.
H.)
(Henry)
$1
Gas
Hooker
class
Co.,
conv.
(quar.)
4%%
&
Inc.
A
Horner
(F.
Hoskins
W.)
6%
conv.
Houston
J.)
A
5%
preferred
Gas,
preferred
Houston
Howell
Oil
Hubbell
6%
3-25
3-15
4-29
4-19
3-31
3-
4-
Erie
2-28
1
4-15
Huttig Sash &
Ideal
Cement
Door
3-31
4-
3-
1
3-18
4-25
3-31
3-12
1
3-31:
6-
3-29
3*»
3-22
Kittanning
•
Klein
3-21
3-21
4-
1
3-
1
Kress
3-
4
Kroehler
;
pfd.
Gas
Indianapolis
&
&
Co.
50c
3-21
3-10
Lambert
3-31
3-19
Lamson
3-31
3-19
Lamston
4-
1'
3-15
3-30
3-21
Lang
3-31
3-12
Lawrence
$6
&
preferred
partic.
A
preferred
(quar)
Lincoln
4-
1
3-10
&
4-15
4-
1
4-1
4-
*37'Ac
1
4.
.
,
4
3-21
3-10
3-
1
*$1.25
3-31
3-
1
3-31
3-
3-15
2 'Ac
———
4-
1
4-
1
3-15
3-18
Consolidated Copper
Institutional Shares, Ltd.—
3-
7
,
,
3-22
'
___
2 'Ac
*7 5c
Life
3-31
•,
'3-31
'2-28
3-15
Loew's
3-28
3-14
3-22
2-28
4-
1
4-
1
3-22
4-
1
1
1
4-
1
5-
1
4-23
1
7-23
11-
1
10-24
lOc
Co.
8-
4-
1
3-
9
(Del.)—
J
37y2c
pfd.
4-10
3-31
75c
conv.
3-31
$1.25
(quar.)
4-10
4-15
3-31*
(quar.)__
25c
3-31
3-31
(quar.)_
37%c
4-
1
40c
4-
1
3-15
20c
Chain
Inc.,
Co.
6%
4-
1
3-15
pfd.
Aircraft
(quar.)
1
-
Pipe
Corp.
50c
3-18
3-18
<
■;
$1
3-31
3-21
$2
4-
3-22
$2
$2
7-
10-
1
1
6-21
Ltd.-
1
9-21
$2
1-2-50
12-23
37y2c
(quar.)
Theatres,
(quar,/_
'
3-31
3-10
3-31
3-10
3-161
5-
2
4- 1
5-
2
4- 1
3-31
3-15
50c
r,
50c
3-31
3-15
87c
preferred
4-
1
3-15
$1.50
4-
1
3-25
75c
(quar.)_
4-
1
3-21
$1
4c
^
4-
1
4-
4-15
3-16
1
Co.—
35c
3-21
4-1
4-
1
3-2 V?
4-
1
3-15
4-
1
*3-15
50c
3-30
3-21
3-3J
3-21
75c
4-
1
87%c
4-
1
3-14
25c
3-31
3-10
75c
:
3-25
3- 4
$1.06%
(quar.)
Y.
(quar.)____
Co.
5c
___^.
(quar.)
(quar.)—_________
CO
Ltd., common—
Co.,
—
—
3-12
4- 1
1
4-
t$1.12%
Co.
3-14
'
J50c
(qura-.)I
3-12
1
3-16
15c
3-21
3-10
$1.75
3-31
3-21
<l>.
62V2C
—
Corp.
4-
30c
4-
1
3-24
97%c
4-
1
3- 4
7 $1.083A
4-
1
3- 4
(quar.)
preferred
%
15c
(quar.)
—
3-31
37%c
3-31
3-15
50c
(quar.)
3-31
^3-15
6-30
6-15
3-31
3- 9*
37%c
Co
3- 9
10c
—
—
50c
?
:
■
7" ''■■25c
3-31
3- 9*
$1.12%
5-31
5- 1
—
$1.12%
(quar.)
1
3-15
4-
$1.50
Corp.
8-19
11-17
-
(quar.)
Bumper
8-31
11-30
::
$1.12%
15c
4-15
3-25
60c
——
$2.40
preferred
Steel
Products
preferred
Piping
4-
1
3-12
3-15
4ya%
Hart,
Common
V
(initial
.
1
3-14
-4-2
3-20
37'Ac
7-2
6-20
37%c
10- 2
9-20
s
•"
37'Ac
(quar.)
.'
^
prior
preferred
$1
prior preferred
4-
7-
2
25c
10-
2
7 20c
56'Ac
25c
4-
1
4-
1
(quar.)
preferred
Miller-WohlCompany
conv.
prior.preferred
Minneapolis. Brewing
Minneapolis, St. Paul
CO.
25c
•
(quar.)_.
Inc.,
com...
,
preferred (quar.)—
Co.,. common (quar.)
7 7c
-RR.
-J
—
C—-
(quar.)—.;
Co._.
&
—_—
Sault
V
—_
—'■;.'
3-31
3-31
3-20
25c
jr'4-
$1
Minnesota & Ontario Paper Co..
—50c
Mission Appliance Corp.
(quar.).—
15c
Mississippi Power 4.60% pfd. (quar.)—i—- •.* $1.15
Mississippi River Fuel Corp. (increased)
45c
Mitchell (J. S.)
Company, Ltd. (increased)i$l
Mitchell
(Robert), Ltd., common.—:
;
t50c
—
1
—
4-20
3-24
4-
1
3-31
_—
Special
Modern
Mohawk
Extra
Mohawk
preferred
(quar.)
Containers,
Petroleum
—I
Rubber
.
Ltd., xlass A "(quar.)
Corp.
—
Co._,
__
•
4-15
12-15
(quar.)—2®C
j.
———
4r
20c
,25c
>
1
4-
40c
$1.22%
f25c
1
6-15
i50c
Mobile Gas Service Corp.—
Common
(increased quar.)
$4.90
4-
t5°c
T——
6-20
"
$1.75
\
Ste. -Marie
3-20
2
25c
(quar.)
Falls
4-
56%c
(quar.)
(quar.)
4'A%
3-15
4- 5
>
•
:
.
1
4-15
15c
Reclaiming—-
$1
Millers
3-15
3-15
4-
5%c
—
(quar.)
prior
1
4- 1
50c
quar.)—
Co._——
Inc.
Common
$1
4-
50c
•
Co.—
Supply
preferred
&
common
1
preferred
&
Midwest Rubber
Miller
Co.,
preferred.
Equipment
convertible
Midwest
>■
(quar.)
non-cum.
77c
(quar.)
Common
(monthly)
(Marcus)
I
3-15
.
Co.
preferred
Inc.
4-
3-15
3-30
50c
—
preferred
Mid-States
,
30c
1
62'/aC
(quar.)__
Linotype
preferred
$2
3-17
30c
1
12-
10c
Copper
87o
3-10
15c
9-
433Ac
(quar.)
preferred
Midland
3-22
4-
433Ac
Mickelberry's Food Products Co.—
•'
3-22
4-
\
(quar.)—
433Ac
6%
Co.
&
Forming
67c
3-23
35c
(quar.)
1
pfd.
common
Common
Insurance
6-
Publishing
Michigan
3-14
3-28
$1.75
(quar.)
preferred (quar.)
8% preferred (quar.).
8% preferred (quar.)______:
Loew's,
3-14
30c
(quar.)
J.),
;
Co.
8%
50c
3-28
$3
—
Common
3-15
3- 7
3- 7
Michaels, Stern & Co., Inc.— ~
..Preferred
(quar.) 7
!' Preferred :(quar.)
! Preferred
(quar.)
Michigan Associated Telephone—
4-16
12 %c
Steel
8%
1
2
30c
(Thomas
Joint
4-
$2
A
Extra
3-10
$3
;
Co.
Lockheed
3-15
t$l
3-31
Group vShares (s-a)j
Locke
'
3-25
5-
50c
—
(quar.)
Rollway Corp., $1
Lipton
Lock
*12'Ac
(Interim)
(quar.)
1
Corp.
preferred
Class
1
4-
(quar.)
Co., Ltd—
"I
Lipe
3-10
J50c
(quar.)
National
Oil
4-30
I,
183Ac
Tobacco
preferred
5%
2
4-
96'Ac
(quar.)
Petroleum Co.
Lincoln Telephone &
Telegraph
Common
(quar.)
Lion
5-
25c
Lincoln
3-10
3-31
$3
preferred--
Corp.
Quarterly
Quarterly
3-21
*$1.06 %
Mfg.
Tool
Ltd.
1
4-
$1.25
common-
(quar.)
(quar.)
Inc.
Baking,
3-15
3-10
$1.06%,
.
Inspiration
Inter-City
1
4-
3-21
2Cc
(quar.)
Myers
3-19
.
$1;
(quar.)
Investors,
&
Lima-Hamilton
7%
"3-17
4-
3-31
3-16
Extra'
3-17
4-
2-28
1
(quar.)
Paper
Miami
3-15
3-15
4-
Aircraft,
Common
3-18
4-
j
10c
Paving Brick Co
Bridge Co., common (quar.)_:
Extra
_1
3-15
35c
convertible
preferred
Liggett
50c
1
3-25
(quar.)_______
Company, common
preferred (quar.)
4.35%
3-15
**
Co.—
B__
3-30
$1.25
preferred A (quar.)____
Industrial Acceptance
Corp., Ltd.
5%
preferred
(quar.)
&
3-22
1
37'/2C
(quar.)
Cement
Wilkes-Barre
3-18
$1.03%
___
5%
Stamping
3-31
75c
(quar.)—
' <
Machine
&
4-29
15c
Company
non-cum.
75c
4-
4-
3-21
3-17
Miami
12-21
>62 Vic
__
Liberty Life Insurance Co. (quar.)
Liberty Loan Corp., class A
'*
2-24
.
-<■4-
3-15
1
Metropolitan
6-22
9-21
12-28
3-15
1
3-25
50c
;
3.90fA
3-23
9-27
1
4-
$1.75
(quar.)———-—-1-7
Metal & Thermit
Corp., 7% pfd. (quar.)_^
Metropolitan Building Co." (quar.)
Metropolitan Edison Co.—
5-10
/■
4-
&
3-30
40c
5%
preferied
3-22
25c
Indianapolis Water
Industrial
5-
Light—■
B
A.)
40c
(increased)
preferred
6%
3-31
J25c
Sessions
Lehigh Valley Coal Corp.—
50c non-cum.
2nd preferred
$3
non-cum.
1st preferred
Lehigh.
18%%
$1.50
-
•
3-31
1
1
3-29
$1.12Va
1
1
6-
6-28
5
4-
3-31
preferred
Machine
Metal
3-18
$1.12%
Co.
Portland
Mesta
3-17
1
3-21
6c
__—
Mersey
4%%
3-18
4-
3-15
4- 5
lc
—__4_4——'
Mergenthaler
3-21
1
3-15
1
4-
—
Meredith
3-15
1
$1.12%
(quar.)
______
'
&
,7" $3.50
3-22
3-25
3-25
4-
12%c
preferred
Extra
3-31
4-
$1.12%
4-
3-
4-
50c
(initial
quar.)__
Jones, Ltd., class A (initial)
(James) 3.85% pfd.
(quar.)
3-
1
3-23
•
i 50c
common
3-
^
3-24
1
(quar.)_____________
pfd.
Merchants Bank of N.
3-10
2
:
4-
25c
v:*
pfd." (quar.)T—-I—-—_
Company (Baltimore)
Johnson
Merck
*
Lawson
3-31
54-
1
7.4- 1
20c
75c
Extra.
3-4
8-25
J2c
4-
7;
$1.50
common__J_U-T_____j__
$2.50
conv.
4%%
3-15
(M.
(John
3-31
1
3-3.1
2jc
Company
&
4-
37V?c
;_
3-15
1
25c
3-21
3-19
Marshall)
j
Stores,
$3.50
Mead
3-14
$1
(quar.)
1
Co.—
(quar,)___
&
Steel
Class
„
A
4-
2
3-31
(quar,)_____-___u-_-_^L.___
Co., $2.50 pfd., (quar.)
H.), Inc.
preferred (s-a)
*25c
(quar.)—:
Bank
Laclede
3-31
(reduced)_
$3 preferred
S*are Corn.——
preferred
4%
3-25
Britain
4-15
50c
Company, 6% 1st preferred
(John), Ltd
Gas Light Co.—
25c
Tool
4%
Inland
4-11
*3%
(Great
Michigan- Electric
preferred
Common
50c
Laclede
Lees
Chemical,
Indianapolis Power
4%%
Kroger
Labatt
___
3-11
20c
(quar.)
3-18
3-21
3-11
1
40c
.(quar.)
3-18
4-1
1
4-
1
3-20
1
1
$1
Common
3-11
4-
:
A
3-18
30c
1
$1.12%
Company (quar.)
Co., 4%%- pfd. A (quar.)__
A
New
dep. receipts (final)
(St. Louis)
(quar.)
Bond
(quar.)
preferred
3-31
*$3.75
35c
4-
1
50c
preferred
3-31
$1.18%
4-
25c
4'/2%
3-18
$1.25
(quar.)
Investors
Ingersoll
1
25c
&
Mig.
1
3-10
(quar.)_
Field
(see
McKinney Mfg. Co
:
McQuay-Norrio Manufacturing
3-25
common
preferred
3-31
*$1.25
(quar.)—
Leasehold
H.)
3-
3-25
1
4-
4-
com.'(irreg.)$1.50
McKee (Arthur G.) & Co., class B__
McKesson & Robbins, $4 preferred
(quar.)'—
1
4-
Inc..
4% %
50c
5%
(quar.)
American
Pneumatic
*
3-19
(S.
3-31
25c
—•
Inc.,
3-
4-
$1
(quar.)
b7?
&
McDonnell
3-18
1
3-31
50c
.
25c
Corp.; (increased quar.)
Corp.,
Extra
5
$1.50
(quar.)
Co.,
preferred
*20c
Independent
4%%
4%
30c
—
.
Incorporated
4'/e%
Corp.
Koppers Co.,
$1.50
(s-a)
Co.
preferred
Telephone
3-
3-21
3-20
1
•
3-15
1
4-
25c
quar.)_
Co.
Company
McCrory
i
3-15
3-21
$1.12%
(quar,)
Knott
50c
.
„
Indiana
4-
25c
(quar.)
Tobacco
Indiana
(D.
4-14
.
Final
preferred
$1.50
Emil)
8
1
v\;
—
Ireland),
(increased
14---
3-21
4-15
4-
20c
Extra
3-12
1
3-23
7
4-15
tl7%c
Co.
McCormick
3-15
$1
preferred
Company.
62 %c
(quar.)—
Quarterly
Income
Klrsch
2
20c
Imperial Life Assurance Co. of Canada-
4%
2
3-
1
t50c
Kingsport Press, Inc.
(quar.)»—_______
Kinney (G. R.) Co., con..non tqua-r.i_______
Kirkland Lake Gold Mining Co., Ltd.
(s-a)
3-21
4-
4-
(quar.)
com.
convert.ble
2
.
Imperial Paper & Color Corp. (s-a)
Imperial Tobacco Co. of Canada, Ltd.—
Common
(interim)_____
Imperial
preferred
4-1
3-21
37Vic
—
4-
3-21
3-31
4-
a5%
(quar.)
Corp.,
Mxg.
McCord
3-12
3-21
3-31
37V2C
'
&
1
Ltd.
preferred (quar.)—
preferred (quar.)
7%
r
30c
.
2nd
5%
.3-12
3-2977 73:
(quar.)_z_.—
(quar.)
King-Seeley Corp.,
5-20
3-21
25c
-
7%
'
A
4V2 %
Corp.
Co.
4%
3-21
1
class
3-31
4-
3-15
4-10
50c
,.
(quar.)___
common
McClatchy Newspapers 7%
3-15
25c
Key
Company
(resumed)
Keyes Fibre Co., 6% prior preferred (quar.)
Kidde
(Walter) & Company_______
Kimberly-Clark Corp., common (quar.)_
4% %
preferred (quar.)__—
3
4-
56 %c
Commercial Telephone Co.
(Madison,
Wis.), $4.75 preferred (quar.)—
preferred
4-
McBee
3-18
$1.12%
Special
4-
—
Illinois
6%
$1.12'/2
(quar.)____
preferred
Co. of Canada, Ltd.
:__
Company, $4.50 pfd. (quar.)
Kennecott Copper Corp.
3-30
30c
(quar.)
Co.
(quar.)__
4-
Kendall
3-18
1
B
3-11
1
3-15
Kelvinator
1
4-
$1.50
(quar.)
Mortgage
Ciass
4-
4-
pfd.
Oil
McAleer
3-10
$1.25
(quar.)
$1.25
(quar.)i.
,
$1.50
Company
Relsey-Hayes-Wheel,
3-30
(quar.)
common—
(Texas)
preferred
9
3-31
3-31
3-21
40c
Co.,
preferred
Mascot
3-15
1
9-15
4-15
Communica¬
Massachusetts Investors Second Fund, Inc.—
Mathieson Chemical Corp.,
common—
7%
preferred
(quar.)
6
4-15
45c
Kelley Island Lime & Transportation Co.___
Kelling Nut 6% pfd. (quar.)_
3-21
4
4-
1
4-
3-18
5-
Mills
6%
1
Marven's, Ltd., 5%' preferred (quar.)t$1.25
Maryland Drydock Co., common (quar.)!
3iy4c
l4V'2%- preferred
(quar;)-___—$l,12y2
3-11
Kawneer
$4.50
3V
Field
preferred
Martin-Parry
3-15
Katz
Co,,
1
5-16
4-
3-18
3-
4-
;
2-18
4-
Gas., com.
4l/2%
6%
4- 1
4-
10-
60c
Son
Marshall-Wells
1
25c
3-21
Drug
5
4-15
$1
—
Light
Marshall
&
'
4-18
$1.75
1
&
3-
2
4-
$1.25
1
5-,
,
&
(quar.)
(quar.)
4-
*12 %c
(Harvey)
Inc.
(quar.)
Humphreys Mfg. Co., common (quar.)
Huron
pfd.
(quar.)____.
Power
$2
_
(quar.)__
(quar.)
Motors
j
pfd.
4-
pfd.
30c
(quar.)—
(quar.)—
Co.
Electric
4%
5%
&
25c
Co.
preferred
Natural
Ry.,
Power
Kansas
3-31
65c
5c
Electric, common—______—
preferred
(quar.) ________
__—__
$5
3-21
$1,25
:_
3-21
Houdaille-Hershey Corp.—
$2.25
Gas
Co.
1
$1.12%
(N,
class
Manufacturing
Gibson,
-
(M.)
Martel
5-
CO.
Marine
preierred A -(quar.) _l
Marlin-Rockwell Corp. .*__l_
Marsh
4-15
+$3
____
Machine
Inc.,
3-15
3-25
j$3
$1
,
Publishing Co. of Ottawa-—___20c
Battery
25c
;
Ltd.,
W.
7%
preferred
(quar.)
Kansas-Nebraska Natural
3-21
3-25
^
Laughlin Steel Corp., common
preferred A (quar.).
4-
$1.12%
(quar.)__
Baking
-
.
—
3-21
$1.06%'
/—
(quar.)——
(quar.)
Hardart
'
.
&
$6
,
(quar.)————
preferred
preferred
Horder's,
5
25 c
Co.,
;
3-15
1
4-1
$1.06Vi
(quar.)
Basket,
3-31
3-31
4-
J 20c
3-14
•
.
$1.25
$1.25
J
•
^
1
25c
Bearing Co, (reduced):
_:
Company, common (quar.)——
Hoover
Lake
Market
2-28
3-29
__
1
lc
Ball" &
'
5
50c
4- X.
Tea Co., com. (quar.)60c
3.3/4% .preferred (quar.) ________—
93%c
Kansas
3-18
50c
—
2-28
3- 7
3-31
(accum.)
Ltd., ordinary (final)
Telegraph & Telephone Co.,
preferred
3-10
1
4-15
4-15
(N. Y.)
iquar.)__
preferred (quar.)
Calculating
4-
$1.50
(quar.)
International
3-10
3-31
J25c
Co.
5%
5-31
3-31
25c
preferred
Trust
3-18
3-18
1334c
;
Co.,
7%
3-15
Electric
12 Vac
common
2-28
1
1
City Southern
3-
1
4-
preferred
Kahsas
-1
4-
7
4-
1st
Kansas
4-
t25c
xt$1.75
6%
3-15
4-15
6-15
$12%c
J12%c
Common
3-15
3-18
3-
3-
1
3-18
1:
1
4-
3-31
4-
4-
$1.25
(quar.)
(quar.)
3-31
$t
Maritime
11-10
3-15
K.
*6c
,
8-10
1
3-15
Journal
:
1
3-31
A pfd.
(initial- quar-.)
Telephone Corp.—:
*'5%
Ltd.—
——-
(quar.)
Ltd.
preferred
$4.50
Hotel
A
Electrochemical
Hoover
Mines,
tions
9-
12-
3-31
Supply, $5
3-15
50c
(quar.)
Ltd. (quar.)__________
Company,
$4.25
Horn
Gold
Marconi
5-10
20c
■' t$i.25
(accum.)
Corp.,
Marchant
3-15
1
xl3/4%
B
3-22
50c
Co.
Co.,
&
non-cum.
Honlulu
(quar.)
Whitney Co.—
(auar.)_—
Development
Holmes
Co.
(quar.)
____
&
preferred
Holt
Co.
Consolidated
Quarterly
Hollingsworth
$4
Lumber
Furnace
3-15
I
6-
2-28
3-22
50c
1
4-
2-28
1
*25c
4-
1
1
'25C
(quar.)
Marathon
1
4-
25c
Co.—
3-15
Sugar,
preferred
82Vic
——
45c
Co. of Canada
1
(quar.)__
50c
.
Manufacturers
4-
Manitoba
30c
$1.50
(monthly)
7-19
3-15
,
1
(quar.)
preferred
conv.
1
(quar.)
preferredv A
3-14
3-31
4V4%
1
-
1
4-
:
(quar.)_~__j_____-
Corp.
8-
(quar.)__.—
4-
Ltd.—
Corporation,
Ltd
Maine Central RR., 6%
pfd., (quar.)__
Maltine Company—
'7-19
Jewel
v.,
Cat
4-
(quar.)
4-
:.
1
4-
5%
'Jefferson
preferred
Magor
3-31
3-10
4-30
25c
*
3-31
4-14
•
'
3-23
1
25c
(R. H.) & Co. (quar.)____—
50c
Mading Drug Stores Co., com. (quar.)20c
30c
pfd.
*$2.50
(quar.)
Bartiett
8-
4-
20c
(quar.)
55c
4-18
(quar.)_—■- $1.50
Sulphur Co., corn.,.(quar.)__,V;
10c
Water
preferred
Co.,
B
$1.75
3.30%
4-
(quar.)
1
4-15
}25c
(quar.).—_—_—
$1.62V2
-——
$25c
(quar.)
Creamery Co.
Spencer
Hinde &
$5
..Jones
433Ac
.
5-
4-15
Macy
•
4-18
4-
D
6%
4
40c
common.
1
Xquar.)_—
______
xl%% S
(quar.)xl3/4%;
C
4-
$1.37%
_„
(increased)
Hershey
Hibbard
Hinde
B
preferred
.
3-14
3-25
2-28
4-15
'
*
_____
Export
R.)
A
6%
(quar.)___.
$1
—
Corp
&
3-
s
lr
3-21
3-Zl
1 $1.07
:
3-9
3-4
3-4
3-15
3-21
45C
Lt'd.-^'
Co.,
Class
25c
25c
Hercules
Co.
4-
1
5-
(quar.)
Y.)
15c
(quar.)
com.
preferred
Hercules
Powder
preferred
preferred
Jamestown
2-28
(N.
A
5%
v•
3-10
3-24
1
3-
Steel
3-20
3-9
3-2)
;£ ':>
Class
3-31
3-
3-21
1
$1.25
(quar.)
Macmiliian, (H.
3-15
4-18
prefeTred
5%
3-15
3-21
1
4-
5qc
(quar.)
Mackinnon Structural
^
4-15
A
"
$1.50
;
Service, Ltd., com.
-5%
3-11*
4-1
;
30c
Co., common
1% preferred (quar.)
Hendershot Paper Products, Ltd.,
5%
preferred (s-a)
Hercules
,
.
Co.
preferred
7%
,
■
3
3-25
1
1
1
4-
12y2c
Publications, Inc., common.—.
participating preferred^__i_________
$1.50
3-15*
37'Ac
________—
(accum.)
25c
Co.,
$6
7%
-
4-
4-
4-
25c
3iy4c
Sons—
&
3-15
3-15
3-15
3-U
3-21
$1.75
'
(quar.)__________
(Ky.) —
Macfadden
"
3-14
'
25c
(quar.)
Light Co.,
Mfg.. Co.
25c
—■_>
W.)
Henkel-Clauss,
'i 15d
91'Ac.
V
,:
3-24
,45c
(quar.)—
(resumed)-
com.
(quar.)—
preferred (quar.)
5i%%
'■'
25c
(quar.)___
preferred
4%
4-15
30C
^
Hecia
Mining
Co
Hein-Werner Corp.Heinz (H. J.)
Company, common
;
3.65%- preferred (quar.)
Helemano Co., Ltd..
3-31
25c
—_____
1
37y2C
_____
Trust
Jamaica
(quar.)
Lithographing
HeTena
>
Co.—
.preferred
non-cum.
Havana
Co.
&
Jamaica Public
,3-10
3-31
Fireman
Irving
3-31
50c
Power
Iron
3-18.
4-14
3-25
(M.)
preferred
30c
Iowa
6
Hartford
Fire
Electric
&
1
62y2c
Mailman
Quarterly
4-
—
3-24
4-
(quar.)__
Lowney (W.) Company, Ltd. (quar.)
Lytton's (Henry C.) & Co. (irreg.)
3-15
2c.
Quarterly
3-21
3-31
$1.25
___________
3-15
4-
.
35c
4%%
3%10
8c
—
preferred
preferred
4-
1
4-1
15c
1
1
13c
N
—-
(quar.)
preferred
(accum.)
6V2% preferred (accum.)
4-
$1.25
——
4-
4-15
2c
Inc.———
Inc.—.
6%
4-20
?20c
.
2
4-
+75c
Participating
Electric Light & Power—
3-15
$1.50
-
1
Lowenstein
Iowa
7%
(quar.)
5.%
Ino—
preferred
Participating
Refractories
preferred
Gas
1
4-
8?y2c
-
preferred
(increased)
preferred $100 par (quar.)
preferred $25 par (quai;.)
5%
'"
/'••••
(s-a)
Particiliating
3-11
4-
4-1
Fund,
Fund,
Participating
3-21
35c
(quar.)_—
Co
Dock—
&
1
4-
t20c '
(quar.)
Angeles Transit Lines
*
3-15*
15c
—_
1
3-
'50c
25c
—
4-
______
Inc.
3-21
4-
J,,
4%
Royalty Co.,
Extra-
4-
Harrisburg Gas, 414 %' preferred (quar.)
$1.12%
Harrisburg Steel Corp. (quar.)—.
40c
Hart Battery
tioc
Co, Ltd
i
Investors
■
4-
$1.06'A
Y.)
(N.
Carpets, Ltd. (quar.)
Harnischfeger Corp., com. (quar.)_
5% preferred (quar.)
Harris-Seybold Co.,
common
.
Investors
3-10
"
,,
2-23
pfd. (quar.)—43Ac
(quar.) i__——
50c
(quar.)
Management Fund,
4
2-23
^5c
—
preferred
conv.
*22'Ac
(quar.)
Corp.
4-
U0c
Common
25c
Co.—,,———<
Securities
4-
1
4
$]5C
(P.)
Louisville
3-29
;5l,;
(quar.)_——
7%
2
3-29
—_j.—
Co.
4-
2
5-
*„,/
+8 Ac
Co.__
Power
trc%c
Harding
*.
,
3-15
1
6%
•
3-20
25C
25c
Ltd
Manufacturing Co.
Hammermill Paper Co., 4 %•%
4% So
preferred (quar.)
5-
pfd. (s-a)
Investment Co. of America^ (quar.):—
Investment Fbundation, Ltd:— <•
1
37 %c
(quar.)
Hamilton
<
Shoe
$1
Co.,
2-21
(quar.)
com.
Co.——
Silver
Interstate
2
9-
12-
t25c
(quar.)
Ltd.
CO.,
3-21
•_
Angeles
Los
(quar.)___—.
par)
Department Stores
V2c
Hamilton
$5
Salt
International
Interstate
3-21
t25C
(quar.)
Bridge
T40c
-
r
Products
International
7
3- ;i
;.
;25d
Extra
6%
($5
preferred (quar.)
Inter-Ocean
—---
4%
3-18
Los
Ltd.—
Canada,
.
Lime & Alabastine of Canada,. Ltd,
Quarterly
Quarterly ——A*..
<___
——
Quarterly
———-—
Haliburton Oil Well Cementing (quar.)
Hail (W. f\)
Printing Co. (quar.)
Hamilton
51
3-30
—
of
Paper Co.,
International
oypsum
common
3-18
.(quar.)___;
Company, common (interim).'
preferred (quar.r
Biltmore Hotel
(quar.)_____
7%
_
com.
(quar.)_____'___^___j__:;^_-
convertible
Lorlllard
3-30
A
Coal
b%
1
4-
<•
(qvar.)
preferred
$4
S-io
6-5'J
75c
$1.50
Gulf Power
Company,
-7%
•
.3-15
3-30
$1.25
,
Gulf
Haloid
Corp.—
—^—
preferred
International
,
$5
Lorain
4-1
}}J°
Ltd.,
_—•
Lone Star Cement
•
Chemicals
Co.
Extra,
80c class
■
+$1-12/2
—-
(quar.)_
Nickel
International
pfd.;
"
I
RR.
preferred
$5
50c
75c
1
Trust—
series
non-cum.
Omo
&
7%
—-
Investment
•
,
—-
-
Common—-
3-15
1
Share"
Mills,
1
Guardian Pubnc Utilities Investment Trust—,
Guardian
preferred
4%
Ltd.—
(quar.)
International
*.
3-22
Joe
(quar.)_
common
&
1
4-15
p£T
Company
Hosiery
'
'
3-14
4-
37 %c
Industries,
Minerals
4-15
*37AC
(quar.)_
preferred (quar.)__—
4-
(Hartford,
(accum.)
(quar.)-——
Products——
Harvester,
Name of
London
A
$1.25
—,—
Trust
preferred
preferred
Cellucotton
Metal
Payable of Rec.
,1 Share
Ltd.-*-
Powders,
Bronze
participating
35c
(quar.)
(quar.)
Investment
$1.50
6%
$1.25
—
$5 preferred
International
International
(initial)—.
.common
Name of Company
1
$1.06'A
.4% %
preferred (quar.) ______——
Griesedieck-Western Brewery Co.—
New
<
Payable of Rec. ■'
4-
.
Monday, March 21,
1949
Holders
When
Per
25c
(quar.)
common
CHRONICLE
FINANCIAL
&
Holders
When
Per
Name of
Greyhound
COMMERCIAL
1
4-
2
4-
1
4-1
3-31
9-20
3-18
3-18
3-
2
'
3-2
3-
6*
3-15
3-31
3-
7
3-15
3-15
3-16
5-15
3-15
11-15
3-18
3-18
3-21
3-15
3-15
3-12
Number 4787
169
Volume
THE
Per
Share
of Company
Uame
When
Name of Company
,
3-24
3-
12 %C
4-
1-
3-18
?25c
4-
1
2-28
4-
1
2-28
4-
1
3-18
preference (quar)
Auto Equipment Co.preferred (quar.)__:
$$1.12Mi '
41/2%
:
.
Monroe
m?c-
1
3-15
Northwestern
Northwestern
2
'62y2c
8%
$1.62 Ma
6-
1
5-10
Ohio
20c
4-
1
3-15
Ohio
$1.05
4-
1
3-
4
(quar.)
preferred
,4 20
Ltd., common
Mnnre-Corporation,
(quar.)—
Forging, common (quar.)
convertible preferred (quar.)
Drop
Moore
434%
Plan
1 »
4-
1
3-
9
Ohio
3-10
Ohio
t$1.75
4-
1 b.
3-10
Old
Colony
15C
4-
1
3-15
Old
59%c
4-
1
3-15
3-30
$1.50
3-31
'«
Public
$1.75
4-
3-15
Omar,
3-24
Omnibus
3-31
Ontario
(quar.)-__
preferred
43/4 %
Stamping
3-15
Otis
3-15
Ottawa
4-
3-30
4-
National
Glass
National
Co.;
Co.
50C
4-
1
3-18
.4-
1
3-18
3-31
3-11
3-28
6-28
Pacific
4-15
3-
8*
Packard
1
3-
9'
Page-Hersey
1
3-
9
Panhandle
National
6%
Investors
Lead
3-31
National
B
2c
;
'vv-
3-19
Pnraffine
1
5-
2
8-
2c-
1
Linen
10-29
3-31
Common
5%
(quar.)
Malleable
National
Motor
&
$15c
National
Paper &
National
Pressure
Type,
National
Radiator
National
Rubber
National Screw
Stamping 6%
National-Standard Co.
Steel
3.8%
Peninsular
7-
1
6-
3
10-
1
9-
2
12-
2
3-
4
(j.
j.)
50c
1
25c
20c
3-31
1
3-19
(quar.)
Co
—
preferred
common
(quar.)
____
____■
—_!
Extra
4-
1
3-
4-
1
1
1
3-10
$1
4-
1
8
1
3-16
93 %C
4-
1
1
3-
North
30c
4-
1
4-
1
3-18
3-31
3-31
3-31
3-21
3-31
3-
4-
1
1
3-
1
C
75c
4-
1
75c
4-
1
15c
4-15
6%
preferred
(Increased)
4-
1
3-15
4-
1
3-15
$8%c
4-
1
3-15
3%%
.
3-10
4-14
4-
1
3-15
4-
1
3-15
3-15
1
■: 4-1
3-
3-21
4-15
$1.50
4-
4
1
3-
4
3-11
1
3-U
5%
preferred
3-15
5%
series
prior
:
87 VaC
3-15
3-31
,
'i
4-
1.
4-
1
.
A
Rome
3-
1
$1
4-1
3-
1
4-
lh
3-18
3-18
30c
3-31
3-
4
25c
3-31
3-
4
75c
4-
3-15
1
4
50c
3-21
3-
1
3-
7^
.
3-22
Ruppert
3-15
Russell
(F. C.)
3-21
3-10
5%
1
3-11
4-25
4-12
Inc.
(quar.)
(Penn.)
Electric
Co.
3-15
2-28
1
3-10
4-
5
3-10
4-
1
3-10
4-21
3-11
4-21
3-11
3-31
3-17
3-15
4-
1
4-
1
3-28
3-
3-26
3-14
3-15
2
4-
1
3-15
45c
4-15
3-12
62 Mac
Lambert, Inc.
Car Co.,
preferred
A
Dome
East
(quar.)
45C
Public
3-18
1
3-14
4-
Co.
4-
$lMaC
&
preferred
Service
Co.
of
&
Gas
4-14
3-15
$1.25
4-15
4-
1
(N.
Co.,
of
New
(initial
(quar.)
Service Co.
preferred
Y.)
common
com.
(quar.)'
(irreg.)
4-
3-
7
40c
3-31
quar.)
—
——
5-16
4-
1
3-15
3-
1
of Oklahoma—
$1
preferred
iquar.)
50c
50c
.
$1.75
4-
1
3-24
,
3-17
3-30
fv
3-10
50c
20c
lS^c
17VaC
8:%c
3-15
3-11
3-15
■
3-30
,
.
3-10
4- 1
3-10
3-19
3-10
3-15
3-15
3-31
4- 1
4- 1
4-15
4-15
3-31
4-
1
$1.75
4-15
4-
1
50c
Helena
3-25
3-10
$1.12 Mi
50c
$1.25
4- 1
4- 1
4- 1
3-21
Rubenstein
preferred
(quar.)—
"
■v.f;Va-a./'./Z/v
quar.)
—
3-10
3-21
v'.'
J20c
t$1.75
20c
;
3-31
3-25
4- 1
25o
25c
,$1.25
V-
3-10
3-10
3-10
3-11
3-21
3-31
4-1
4- 1
3-21
&
$$1.06
4- 1
3-10
$1.25
4- 1
3-15
$40c
$$1.75
5- 2
5- 2
3-31
3-31
3-31
3-15*
Pacific Co.—
(annual)
preferred
Francisco
.
3-15
4-15
50c
Ry.
$5
,
,
preferred A vtc
conv.
conv.
preferred A vtc
preferred A vtc (quar.)
(quar.)
(quar.)
,
3-31
3-15*
■•«•./
•
$1.25
$1.25
$1.25
-6-15
9-15
12-15
• r'6- 1
$1.10
$7o
50o
40c
4-1
4-15
4- 1
4- 1
3-4
3-15
3-10
3-18
9- 1
12-1
Regis Paper Co.
1st
4.40%
Gold
Works,
Electric
Sangamo
(ouar.)
Mines, Ltd.___:
series
pfd.
Water
Saudi
Co.
A
common
(quar.)—
(quar.)
30c
Arabian
Savannah
5%
&
Mining Syndicate,
Atlanta
preferred
(Ed.)
5Mi%
4-
1
3-18
10c
3-31
2-25
•
(quar.)____
$1.25
25c
4- 1
4-15
3-9
4- 1
27Vbc
27MaC
85c
50c
91MiC
83%c
5- 1
8- 1
5- 1
4- 1
6- 1
4-1
'4-18
7-18
4-15*
3-14
5-13
3-10
Co.
(quar.)
(quar.)
Paper Co., $3.40 pfd.
Scovill
Ltd
Co.—
Company
preferred A
preferred A
5Ma %
Ry.
(quar.)
&
Schwitzer-Cummins
(quar.)J
Manufacturing Co., common
preferred
(quar.)
—
Electric Co.,
3.35% pfd.
(quar.)
American
Selected
Industries,
$5.50
3-U
Servel.
In(\
3-21
Sharon
Steel
3-18
4- 1
4- 1
4-10
4-10
3-30
3-24
3-24
3-10
3 i5
4- 1
4- 1
10c
Shares
$1.37Ma
$1.12Mi
50c
4- 1
4-1
3-31
3-15
3-19
4- 1
Inc.—
&rior preferred
3-24
4-
1
\
______
(quar.)
Selected
(quar.)
3-15
4- 1
Scruggs-Vandervoort-Barney, Inc.—
Common
(quar.) __—___—_______—15c ,
$4.50 series A preferred (quar.)__
—.
$1.12Va
Seaboard Finance Co., common
(quar.)
45o
$2.60 convertible preferred (quar.)
65c
Seeger Refrigerator Co
25c
Seiberling Rubber, 5% preferred A (quar.)
$1.23 '
4Mi % prior preferred (quar.)
$1.1?
1
4- 1
25c
1
6-
6-15
4- 1
1
5-16
3-31
1
3-
1
$1.75
1
1
3-
3-31
6-
$1.31%
6-
Scranton
35C
3-15
9-
3-18
40c
I
50c
conv.
3.65%
1
Mexico—
Publication Corp., com. voting (quar.)
Common non-voting
(quar.)_
original
3-2G
50c
—
(quar.)
preferred
preferred
5
87 Mac
Indiana,
__________
5%
Scott
—_———-
Electric
Co.
3-16
56M<C
dividend preference common
3y2 %
4-15
3GC
Service
(quar.)
see
4 Mi %
non-cum.
Louis-San
Schuster
(quar.)
Mines, Ltd.—
__—
Service
$1.40
+75c
3-18
3-15
4- 1
common
Extra
75c
,
Public
1
Inc.—
National Bank & Trust
Public
4-
4-15
3-15 v
1
4-
15c
Company, common..
preferred
7
prefeired
common
(quar.)
Steel
Co.,
Louis, Rocky Mountain
3-
5%
4-1
3-31
$1.25
Common
St.
5-2
15c
(quar.)
—
(quar.)
3-21
4-
30o
5%
1
1
4-
a
V
3-10
3-21
12-
?/
5%
4-
-
,
9-15
;J:,
__________________
common
(increased
Common
5%
3-10
1
12-15
(quaf,,).,,^^——,
—
St.
4-
20c
$1.12'/a
25c
common—
(quar.)
Ryerson is Haynes, Inc
Safety Car, Heating & Lighting Co. (quar.)
Safeway Stores, Inc., common (quar.)
/:
5% preferred (quar.)
Saguenay Power Co., Ltd.—
4 '4%
preferred
(quar.)_
——
St. Joseph Light & Power—
5% preferred A
(quar.)
St.
Lawrence Flour Mills Co., Ltd.—
7%
4-1
7
4- 1
UOc
J20c
,,
7%, preferred
St.
3-15 ^
3-15 4
$1.25
(quar.)
Industries, Ltd.,—
Common
$$1.50
preferred
Quarterly
7%
1
4-
5c
Quarterly
4%
4-
3-25
1
t50c
—
Inc
(quar.)
(Jacob)
Corp. of Canada, Ltd.—
1st pfd. (quar.)
non-cum.
partic. pfd. (quar.)—_—
Public
Public
$2.25
1
3-15
4-
20c
_
preferred
4-
3-21
1
$1.25
(quar.)
(Helena)
Antonio
7%
3-
3-21
1
4-
4-
t62Vfec
preferred
(quar.)___
Ruberoid
Company
1
1
3-
29li0
7%
4-
4-15
3-21.;
3-22
t$l
com.____
Refining., common (quar.)__
(quar.)
!—
4-
15c
Co.,
(quar.)
com.
iquar.)
Jose
ft
&
Corp.,
A
Russell
3-16
J50c
(quar.)-
A
Ltd.,
Co.,
preferred
Typewriter
San
5JA%
3-25
Class
Royal
San
3-15
45c
Rothmore
1
3-30
c
Inc.
Oil
preferred
-
6-15
4-1
T._—_
$3
1 Ma %
K.),
class
—
Corp,,
Bros.,
6%
3-15
9-15 :
,
10c
Controls,
convertible
7
3-22
4
Cable
Roos
4-
9-15 .:
10c
quar.)
Extra
4%
Rubinstein
50c
Mills
75c
________________
Ltd.,
Pendleton,
3-15
50c
(quar.)
Co. ,(quar.)
General
$1.75
(quar.)__.
preferred (quar.)__
1
4-
;
—
(reduced
preferred
3-
1
3-
&
A
4-
50c
(quar.)
Oil
7- 1
10- 1
(quar.)
Co.
ft
62 MaC
15c
(quar.)
Co.
4- 1
■
25c
1
Roeser
1
25c
5%
/;
3-15
6-15
Little
4-
25C
(quar.)
Chocolate
&
;
4- 1
7-
Quarterly
Quarterly
3-21
3-10",
$1.75
Rochester
Rockwood
;
3-10
'
$1.75
Mills, Ltd.
& Co., Ltd
Telephone Corp.,. com. .(resumed)
4V:s% 1st pfd. series A (quar.)_____
Rock of Ages Corp. (quar.) ____________—_
Robinson,
4-
3-31
$1.12V4»>*»
•
3-23*.
r.
..
.
4- 1.
4- 1
10-1
Mfg.
preferred
3-15
3-30
4-
$2.50
$1,12%
25c
1
•
..
(quar.)
L.)
(P.
3-19
3-30
4-
V;
$1.75
Mills,
3-31
vj- $3c
3-15
3-23*:
Co.
preferred
3-31
3-21
25c
4%%
„
1
1
50c
Robertshaw-Fulton
3-31
4-26
1
3-10
1 /
4-11
44-
-:;4
2 2 MaC
30c
93 %c
1
4-
5-2
$1.37V'a
-
B
31M4C
15c
21
4-
$1.15
Silk
(quarj__
22'/2c
4-
Class
$1.75
Co., 5% preferred (quar.)
Providence Washington Insurance Co.—
7-20
1
35c
3-
3-10
$1.75
Prosperity
4
$8%c
$1.50
(quar.)
1
Ry.—
:
(quar.)
Plate Glass Co
-
3-15
4-
Northland
Greyhound Lines—
preferred (quar.)
—
Chicago
&
Power,
Preston
3-15
com.
Wayne
Co.,
Pressed
3-15
Northern Indiana Public Service, common—
414% convertible preferred (quar.)
Northern Indiana Transit (quar.)
Northern Natural Gas
4-
75c
Transit
Pratt
3-15
1
Mills,
preferred
Electric
6%
4
4-
8-
30c
Conn.)—
(quar.)
Nut
3.60%
3-23
4-
4-
it pfd- (TWs payment clears all arrears).
Northern Engineering Works
Paper
(quar.)
—
:
preferred
Power
4
75c
m
Northern
$4
Potomac
3-15
40c
$3.50
Riverside
/
$1.75
(quar.)
•W-
3-10
12VaC
90c
(quar.)rr^
Paper
25c
pfd. A
(Hartford,
Portland
3-14
75c
Shore Gas Co. (quar.)_
North Star
Oil, Ltd., 7% pfd. (accum.)
3-15
10c
Portland
3-18
20c
B
North
1
Raisin
1-
$1.75
Products
9334c
—
Co
Inc.,
Ft.
(H.
5%
4V2 7o
(initial)—-
4-
4-
$1.31 V«
Inc.____
40c
Co.
Company
Ponemah
6%
D
(initial)
American Refractories Co.
(quar.)
Carolina RR.. 7 % guaranteed (s-a)_
River
Co.,
3-10
8-10
4- 2
4-
(quar.)
Brothers
Metal
50c
Inc.
Porter
3
North American
Rayon Corp.—
North
3-15
$1.12%
preferred
Plymouth
3-19
4-
50c
A
1
IOC
$1
Plough,
3-15
1
4-
$40c
40c
(quar.)
4-
./'■A
53 MaC
Planters
4-15
2
$1.06 V4
$10c
Ritter
7
Roosevelt
Extra
3-29
4-
5-
Rieke
3-15
$1.50
RR.___
Western
Mills,
Pittston
3-11
4-
50c
'
Richman
3-
1
Inc.—
(quar.)
Pittsburgh Screw & Bolt
3-10
1
4-
93 %c
'--15
1
v.7
H-15
...»
4- 2 •;>.
;
(quar.)
preferred
preferred
2nd preferred
1
(quar.»__
7%
»7%
4-
$1.25
______
&
Common
3-16
3-26
3%-'
—
Co
Common class
Common class
Common class
Common class
(quar.)_
Pittsburgh Fairfax Corp., vtc._
2-25
1
25c
preferred
American
pfd.
(quar.)
preferred
Governor
Pittsburgh,
2nd
25c
(quar.)
Semi-annual
7
2nd
7%
4-15
.
•
preferred
7%
;
r.
1
25c
•.-i-V'/T
7%
4-
50C
20c
Pitney-Bowes,
7
Car—
convertible
3V2%
Tooacoo—
?V
'
5-
$1.50
1st
4-
62 Mac
Inc., 4% conv. pfd. (quar.)__
Pittsburgh, Bessemer & Lake Erie RR. Co.—
3-15
50c
4
3-18
37 Mac
Polaris Mining Co.
Industries, Inc.——____
Corp. (stock dividend)
Nopco Chemical Co.__
Normctal Mining Corp., Ltd
American
$1
$1.75
4-
3-
3-29
1st
4-15
25c
(quar.)
preferred (quar.)__
1st preferred (quar.)
;
Insurance
Pillsbury
3-15
933/4C
__u_
Electric
3-
3-31
$1
__
(quar.)____
Co.,
Corporation, 3^4%
Hosiery Co.
Pierce
3-10
4-
$1.50
3-25
Co.
preference
Pittsburgh
Electric Corp. t
preferred (quar.)
Noblitt-Sparks
3-31
50C
$1.12%
.
3-18
40C
$1.25
7%
2
L—
Quarterly
3-15
4-1
$1.50
(quar.)
1
4-
7%
1
5-
(quar.)
Phoenix
Phoenix
$1.1214
8
_________
Philadelphia
4-
3-18
3-10
5- 1
4-
(quar.).,___•_25c
________
(R. J.)
1
15c
(quar.)_,
(quar.)
V
:
3-9 ;
415c
:
■
Robinson Cotton
3-15
Philco
l
50c
________________
preference
1st
Z
4-
Z; A
4-2
15c
(quar.)__^_
preferred
(quar.)___z
4.50% preferred (quar;)___„_
Rlce-Stlx Dry Goods Co.—
3-
40c;,
3-9
3.60%
3-31
___________
common
&
Reynolds
4-15
.
"
4-15
$12c
5*?
$1.12%
3-18
4-
17V2C
5
3-
3-15
20O
:
.
1
5-
4-16
2
-
3-28
30c
•
3-31
5-15
5-
1
3*15
50c
$1 preference
5
4-
$1.25
(quar.)___
Philadelphia & Reading Coal & Iron—-.
Philadelphia Suburban Transportation Co.—
5%
preferred iquar.)_
______________
5-
5-15
v.
3-16;
4-2
$1.12Mi
A
Metals Co., common__I
5convertible preferred (quar.)
40C
$4 non-cum. 2nd preferred (quar.)
Philadelphia Electric Co., commun (quar.)__
3-18
75C
(quar.)___—
cum
$4.50
V
3-28
$45c
."•»
»**
•
4-1
Reynolds
3-187
.
3-1B"-
.«
'
,;•<
25c
3-31
4-15
f
,
87V£o
prior
Robertson
Philadelphia Dairy Products Co.,
3-18
47V2C
(quar.)
cum.
$6
3-31
.
<quar.)___
(quar.)
••
-
3-15
3-28
$1
r
(quar.),
Co.
(Charles)
$5
3-15
4-1
53 Vac
334%
Newport Industries, 414 7o preferred (quar.)
Niagara Wire Weaving Co., Ltd. (quar.)
Nicholson Pile Co. (quar.)
$2
4-
40C
Corp.
40c
•*;
>
preference A (quar.)__________
Revere CoRper ft Brass, Inc.
5V*% preferred (quar,)___.
Reymer & Brothers (quar.) _______________
$1.25
(interim)
3-15
System
Co.,
A
3-15
(quar.)
North
Class
1
$1.12 V2
25c
$1.50
^■*.-
iquar.)_____—_______—
Oil & Gas Co., Ltd.___
Petroleum & Trading Corp.— *
7
%
Extra;:
6%
50c
Company,
4-
preferred
(quar.)
York Trust Co.
(quar.)
York Water Service Corp
North
3-22
1
3-19
$1.50
preferred
4-15
$3.75
Noma
3-
50C
& Honduras Rosario
Mining
New York State Electric & Gas—
$4.50 preferred
Newport
4-
$37 Mac
N. Y.
3%%
15C
3-15
3-31
(quar.)
Stove
________
(quar.);__-__.__
(111.)
Republic Steel Corp., common
3-15
4-15
(quar.)
Petrol
7-31
1
1
52c
Perfection
3-21
.
$1.25
<quar.)__
Perfect
8-15
4-
4-
4-1
50c
.50c
Corp.—
3-15
3-31
Corp.
Co.
B
". 25c
(quar.)____—
3-15
Milk
1
Mfg.
preferred
26c
Corp.
3-15
4V2%
4-
Stores
6%
;
1
Pet
4-15
(quar.)
3-18*
,7i
Hampshire)—
1
7*
2
preferred
A
48c
1
3-
5-
redeemable
preferred
common—.....
4-
3-31
f25c
8-15
;
(Canada),-Ltd.—
Textiles, Ltd., class
Republic Investors Fund—
—
4-
1
11-15
6%
_______
4-
3-?9
1
3-10
com.J_
Co.,
Peoples Drug Stores Inc. (quar.)
Peoples Gas Light & Coke__
4-
1
12-
Reliance
Water & Power Co.—
Circle
9-
$40c
3-24
,
(reduced)
preferred
$5
Philadelphia
New England
Telephone & Telegraph
New Hampshire Fire Insurance Co.
(quar.)_
New Haven Gas
Light (quar.)
New Jersey Power &
Light 4% pfd. '(quar.) —
New London Northern RR. Co.
(quar.)_____
New
York, Chicago & St. Louis RR.—
6% preferred A (accum.)
New
Common
1
J40c
Reliable
3-16
$40c
5-16
6-
(quar.).
5%
,2-18
4-15
3- 3»
3- 3*
(quar.)
$1
Telephone
Pennsylvania
3-U
•4-1.5
Gas & Electric Association—
pfd.
Newberry
3-31
2
5-
(s-a)
4%% convertible preferred
New England Power 6%
New
4-20
3-31
(quar.)
Renfrew
!'
1
preferred
3-24
8c
1
preferred
3-27
50c
(quar.)
—
preferred
Pfizer
(s-a)_
Electric
$2.10
3-21
Telephone, Ltd.
England
1
preferred
44-
«
non-cum.
3-31
i
.
Co.; (New
3-17
non-cum.
3-31
(irreg.)
Inc.,
4-15
.
$1.60
3-15
;
(quar.)
Line, 4% pfd.
A.)
3-15
1
25c
1
(reduced)
preferred
3-18
Corporation
(quar.)
New Britain^ Machine
(quar.)
New Brunswick
New
4-
4.60%
3-4
Nehi
New England
Co.
Engineering
Pennsylvania
1
(quar.)
Water Co.
4
)
3-30
1
5-
'
4-
.
(quar.)
Pennsylvania Glass Sand, com. (quar.)
5% preferred ,(quar.)__—
Pennsylvania. Power & Light, common
4j/2%
preferred
(quar.)
3-
4n
,
4-
3-31
20c
preferred (quar.)
Remington Rand, Inc,,: common
$4.50 preferred (quar.)
_________
1
(quar.)
______
Telephone (quar.)i^______L_____
C.) Company
(J.
4-
Ltd. (quar.)
Refining Co
preferred
(quar.)
Pennsylvania
4-
Sugar
National Supply Co. (Pa..), com. (quar.)
4(4% preferred (quar.)
National Tea Co. 414 7c pfd. (quar.U
Naugatuck
Co.
—
75c
Car,
National
Inc.
Pictures, Inc. (quar.)
Transportation
(quar.)
30c
.
;
2-18
i,
2-28'^
Ltd.
37 Mac
Ltd.
1C.
Casualty
(quar.)
Co.
pfd.
4- X
3-15
1
(quar.)
37 Mac
Penney
1-1-50
'
Mfg.
8
Reitman's
$15c
1
1
$1.25
35c
Mills,
3-15
44-
4-
$1.60
8-
3-
A
(quar.)
25c
Knitting
3-24
$1.25
A
i
common
Inc
3-15
1
$1.18^
(quar.)___
preferred
Co
$1.60 non-cum.
3-
1
$1.75
A
3y2%
3-10'
$1.25
—
4-
Bros.,
12Vjc
3-15
4-
50c
(quar.)
Extra
Regent
3-15
3-21
$25c
10c
3-14
•3-15
3714 c
(s-a)
3-31
$1.50
l
25c
iquar.)
Machinery
&
$1.12%
1
25c
preferred
Co.
4-15
5
25c
Co
National
National
5%
Cooker
Reeves
4- 1
4-14
60c
(quar.)
Bit
4-
Inc.—
4V4%
preferred
Roller
A
pfd.
(quar.)
preferred
Stores,
Corporation,
5%
4-15
$$1.25
$1.25
(irreg.)
Reed
(quar.)
Increased
*
(quar.)
3-15
„
15c
Castings
3-11
1
4-15
4-
4-1
$1.50
——
Steel
Bearing Co.
1
4-
(quar.)
$1.1214
(quar.)
National
3-10
4-
5-14
4:
t15c
(quar.)
Reece
prior
15c
class
Hosiery Mills,
Owl
3-31
5-14
4-
50c
•___
preferred
preferred
Red
5-14
Corp.,
preferred
5%
3-21
3-10
$2
(quar.),
Pipe
shares
8c
-'
7%
3-21
3-31
$25c
Express Co.
Companies,
Peerless
3-21
1214 c
I
Car
Co.
25c
.
4M2%
Electric
preferred
Parmelee
10-19
$15c
(quar.)_
Service
3-31
Tube
Silk
$1.50
Paramount
4-22
'7-22.
2c
25c
(quar.)
Real
3-31
(quar,)_
Power Co., Ltd.—
Aggregates
Pantepec Oil
4%
Corp. ..(quar.)—;
Co., common
preferred
3-15
<quar.)____
pfd.
pfd.
ft
Tubes,
4-
.
3-7
3-11
Corp.
Company, 3^4%
12 %C
East
4-15
$30c
National
3-25
$1
Corp._^_
Motor
American
—
Reading
4
$$1.75
_______
4-
$15c
;
4y2%
Telephone & Telegraph
preferred (quar.)
4-
3-16
(quar.)
3-18
ZZZIZZ
3-15
t50c
;
1
30c
^
$44c
(quar.)
3-
4-
(quar.)
3-
1"
(quar.)
com.
3-28
-
3-31
$$1.25
4-
'v
1
20c
IIIIII"""
I
15c
$1 *
3-7
3-15
50c
35c
50c
1
4-1
4- 1
Rayonier, Inc., $2 preferred (quar.)_.
Raytheon Mfg. Co.. $2.40 conv. pfd. (quar.)
Reading Co., 4% 2nd preferred (quar.)
Pacific Lighting Co., $5 preferred <quar.)__
Pacific Public Service Co.
(quar.)
."
4-1
5-31
3-15
40c
87%c
(quar.)
3-15
Extra
6%
3- 4
4-
Co
Gas.&
Pacific
preferred
Purina
$10
Co., Ltd.,
Pacific Indemnity Co.
7
4-14
3-30
6-20
3-31
1
1st
3-10
1
5-25
25c
97M2c
3-28
'
$3.50
.
4-
f25c
pfd.""(qu~a~rf?
3.90%.
4-15
'
t2c
"
3-31
3-11
* 5-2
5-31
93?4C
75c
4-
A
3-15
Ltd
(quar.)
Mining Co
Radio Corp. of America—
(quar.)
Pacific Interraountain
25c
A
1
4-
3-31
9
4-
$1.50
Ralston
.3-31;
12-15
3-14
A
4-
9
4-20
,
$1
(irreg. >___
Radio-Keith-Orpheum
9-28
1
Class
3-15
Mines,
Co.
4-
15c
2-28
4-30
4-
Class
1
8
1
3-18
3-10
10c
3-15
3714c
£
4-
3-
'4-
$1.25
(quar.)__
(quar.)__
1
12-28
,,9-15.
4- 1
3-31
3-21
10c
J37l4c
Class
Can
Pacific Coast
6-16
2-28
4-15
25c
$1.50
____—_
Power
Associates, Inc.—
prior preference (quar.)
6%>
3-17
common--—_____
Ltd.,
Manitou
Quebec
Investors, Inc.—
$1.50 pref., (quar.)
Pacific
3-31
$1.25
50c
Quincy
$1.25
$1.50
pref.
Quebec
3-10
3-15
Co.____
Heat
Electric
.
Inc.
Co., common
preferred
(quar.)
1 "
3-31
_
American
25c
preferred
conv.
Oats
$1.12 Ma
(quar.)
preferred (quar.)
5%
3-24
5%
Products,
2Vi%
Light S5 pfd. (quar.)
Timber (quar.)__—
(George) Fund
4-
.
Pacific
(quar.)______-_—____v____—
National Gypsum Co
National Hosiery Mills, Ltd., class A (quar.)
Grocers,
Light,
Common
Oxford
tl5c
$1.50
-
.
$1.50
——
6%
Railway Co.
3-12
$1.50
(quar.lii-ir^--'
(quar.)
: com.
2-23
10c
Corp.,
3-14
•
Insurance
National Fire
1
50c
Co
Co., 6%
Electric
Ottawa
3-15
2
Falls
Elevator
Pacific
Co.—___
4-
Co.,
&
I
(quar.)
3-17,,
*
Enameling &
Oswego
1
3-30
J&0C
-
Quaker
$25c
preferred
3-31
' V
;
9-15
$1.25
pfd. (quar.)____
Debenture Co._.
3-22
r
Quarterly
Quarterly ;^__v■'
1
Oil
25c
8%
40c
—_——f—
Securities
—
National Biscuit Co., common (quar.)—_—
National Breweries, Ltd., com." (quar.)
7%. preferred (quar.)^----™--"at^_—„_
National Cash Register
Co.
National City Lines, Inc.—-; $4 preferred
A (quar.)—-——
National Electric Welding Machine Co.—
Nation-Wide
10-
$1.10
(quar.)
Corp.,
Loan
$20c
preferred; (quar.)
:
—
Mutual Investment Fund, Inc._—__________
Mutual System, Inc.; .6% preferred (quar.)_
Myers <F. E.) & Bros. Co, (quar.)—_
National
3-10
$1,183/4
———
6%
:;
3-29
12 Vac
(quar.)
•
Putnam
Extra
7%
....
—_
—-—
5-10
25c
4%;.preferred ) (quar,)
- Murray Ohio. Mfg. Co._——
——
Muskegon Piston Ring Co._________
—
Mutual Chemical Co;-of America—
6 %
preferred (quar.) ______
-_——— 6% preferred (quar.)—;——
6% preferred ><quar.)
—_—
Nash-Kelvinator Corp.
5-10
5-31
*
7-
Murphy Paint Co., vXtd, ; (quar.)._
Murray Corp. of America,' common
5-31
I2M2C
:r
7.
Purolator
3-15
common
preferred
1
30c
r„-—r—
-•
Service
Ontario Steel Products
'
5% prefererd (quar.)
Murphy. (G. C.) Co.
Pure
3-12
Inc.—
dividend)
3 7 Mac
Co.,
Insurance
Inc.,.
4-15
25c
Brass Co.
——Manufacturing Cup.- (quar.)—.
Wood Products, com. (quar.)_—
3-15
1
1
$25C
.
(quar.)
Service
Water
6%
Munising
1
4-
Life Insurance Co.
(quar.)__
Old Town Ribbon & Carbon
Co., Inc. (quar.)
Olin Industries, 4%
preferred A
3-21
Sound
4-
Line
59 %C
4-
(stock
25c
3-10
1
.
Industries,
Payable of Rec.
Share
Pulp &
$2 '
Common
1
4-
lc
Mueller
preferred
4-
_____
Power
5c
Finance Co., com.
(quar.)
4V2 %
preferred (quar.)
5%
preferred
(quar.)
Ohio Match Co., common
a
3-10
Puget Sound
$25c
/
Mills, Ltd., common (quar.)_
Co., class A (increased)
Edison Co., common
___"
lc
Mullins
•
HZ
Ohio
3-15
i"
Publicker
Puget
Flour
$25c
Paper
Morris
4-
4-16
75c
3-12
3-21
1
5c
+$1.75
Mills, 4%%• pfd.* (quar.)_—_
Bank (Ne\& Haven)
Morrison Cafeterias Consolidated, Inc.—
7% preferred (quar.)
Motorola, Inc. (quar.)
—
Mount Diablo Oil, Mining & Development
Morris
3-14
+
redeemable pfd. (quar.)
■
____
preferred A (quar.) —____________
preferred B (quar.)——:
74
1
$30c
Locomotive Works, Ltd. (quar.)__
Telegraph Co _
_ ___
Montreal
4-
$1.75
4-1
4-
CoT—""""""
Brass
4.40%
of Company
Holders
When
Per
Name
-
Common
________
3-15
Holdera
50c
Common
3-14
50C
Montgomery Ward & Co., common (quar.) •
piass A
(quar.):—-----r—
Montreal
1
4-15
+50c
—
When
Payable of Rec.
Cement—"""
Portland
(quar.)
Light & Power, Ltd._
Co., com. (resumed)
Oil
Ogilvie
Montana-Dakota Utilities Co., common.....
53
(1269)
35c
_
preferred series A (s-a)——_____
S%
'
preferred
Scotia
Oceanic
87 '/2c
4-
"'/**•'
(quar.)
Quarterly
ii-ncanto Chemical Co.
7,%
States
Co.
Norwich & Worcester RR.
$3.50 pfd. (quar.)____
Chemical Co
Monroe
4%
Leather
Nova
„
—
CHRONICLE
Share
*
Sivbdenum CorpZ of America (quar.)"-.-_Z
ffarcn Knitting Co Ltd. common—.
$25c
FINANCIAL
Per
Payable of Ree
62V2c
4-
&
Holders
5% pfd. (quar.)___
Hosiery Co., Inc.,
Mojud
COMMERCIAL
(quar.)
$4.50 preferred
Corp. (quar.)
(quar.)
3-15
„
3-10
3-ia
54
When
Per
Share
Name of Company
Sharp
Inc.____
Dohme,
&
3-30
*®0
3-22
(quar.)
Shawinigan Waiei 61 Power Co.—
*
4%
redeemable preferred A_—
—
Sheep Creek Gold Mines, Ltd
Sheller Mig. Corp., 5%
1st pfd. (quar.)—
$2c
$1.25
iquar. >—
4Ue
Products
Shellmar
Company
G./
(Frank
Shattuck
common
Corp.,
;
2
4-
Jouc
*.'4-15
4-
1'
2
&
3-15
4%%
3-31
59%c
tquar.)
prelerred
4-
Sick's
Lid.
Silverwood
Class
(quar.)
Co
Mining
Sidney
3-10
..
7
3-
1
2-28
1
2-28
1
2-28
4-
9
3-31
5-14
4-15
4-
1
3-15
$1-25
4-
1
3-15
3-21
3-11
(quar.)
A
Steel
Sloss-Sheffield
—
—
Iron
&
Slater
(A.
(quar.)
Corp._
O.)
(L.'C.)
Smith
Smith
Kline
&
Sommers
Sonotone
"
Stores
Drug
convertible
50c
Corp.,
•
Thomaston
5-
1
Thor
4-19
4-15
4-
preferred A (quar.)--—
Sorg Papen Co., 5'/2% preferred (quar.)—
Soss Manufacturing Co. (quar.)—
—
3-15
35c
Z. 4-
3-15
3-12.'
'
$1.06 Y*
3- 3
v
3-10
'/ 4- •••l4;
1
2
4-
1
1
3-15
3-31
3-18
3-31
$1'i
475c
3-23
4-30
3-31
57VAc
3-31
Timely
3-29
Timken
4-15
(initial
1
Associated
Oil
5%
preferred
(quar.)
5'/a % preferred (quar.)
South Penn Oil Co.
(quar.)
Inc.
3-15
6-15
4-11
Rico
Porto
South
8%
3-
1
1
3-15
Toronto
General
$1.06 y4
J'
3-31
3-18
Toronto
General
Brothers,
(quar.)—
'
3-10
7
—__
Wabash
New
(initial
common
Extra
Southern
Atlantic
Southern
California
5%
Co.—
.—
Edison
■
Wagner
6%
participating
N.
3-15
Ihdiana
Common
4-
1-,
4-
1
3-
3-25
6-
1
4.
"
3-15
$$1.75
—
4-
1
3-11
4-
1
Gas
preferred
Oxygen
Southern
Co.,
Pacific
Southern
Inc.
Co.
4'A %
Company
$1.25
3-16
3-16
.—
'
3-16
Trico
5
3-
5
Corp.
pfd.
(<
■20
$30c
t$1.50
5-16
4-15
■18
30c
3-29
50c
3-31
preferred
(quar.)-
preferred
37'Ac
$1.20
3-30
1
5-
3-11
4-15
50c
3-31
Gas
3-21
2-28*
Corp.
prior
preferred
Trust
Union
Asbestos
Union
Metal
&
preferred
ctfs.
$1.25
.7
(s-a)—_
6-15
9-15
4-
1
%
Co.,
iquar.)_____
10c
4-
I'
3-15
$3c
4-
5
3-16
United
Fuel
6%
class A
47'/2C
4-
1
3-15
United
Gas
3-31
3-16
United
Co.
Quarterly
Square "D" Company (quar,)—
Squibb (E. R.) & Sons—
25c
._
Mines,
(A.
E.)
$1
(quar.)——
Ltd
—
M.g.
Standard
Factors
(quar.)_
4-15
2
$1
(quar.)_,_
common
10c
75c preferred
(quar.)—
Standard Fruit & Steamship Corp.—
$3 participating prefeired
(quar.)—
4-18
prior
preferred
Milling
Standard
Oil
Co.
(quar.)_.
State
Investment
Steak-n-Shake
(qunr.)
5%
Corp.
preferred
Fractional
3-31
3-25
instead
preferred
5%
Stedman
Steel
of
&
Stern
Textiles,
preferred
1
t3iy4c
4-
3-15
10c
Suburban
Sun
Sun
Life
Corp,,
1
3-15
3-31
6-15
9-30
5-
2
4-
5-
2
4-
7
20c
Co.
cash
of
Corp.
25c
—
'
4y4%
preferred
4y2%
conv.
10c
12'/2c
Mining
Superior
Steel
Tool
Co
B
Co,
Corp.
7
Machinery
6%
United
U.
U.
3-15
3-31
3-16
1
3-2
3-10
4
3-17
1
3-15
7-
1
9
3-18
3-31
1
3-23
4-
1
4-22
4-
4-
3-21
1
1
S.
Fidelity
Quarterly
50c
4-
1
3-10
States
7%
&
&
the
$6
U.
U.
2nd
S.
Guarantee
S.
Gypsum
7%
U.
Co.
S.
&
1
3-15
1
3-15
$2.50
$1.06 y4
(quar.)
S.
preferred
5
Lines
S.
Co.
3-15
3-22
3-
Pipe &
4-14
3-28
4-
1
2-10
S.
4-
1
2-10
33A %
S.
preferred
A
5
3-23*
5
3-23*
4-
1
3-23*
$1.12'A
3-31
60c
3-31
3-
75c
4-
3-15
4'A%
pfd. (s-a)__
(increased quar.)
1
(N.
Y.)
Corp.; Ltd.
United Stores Corp., $6
7-1
6-15
;
75c
•
United
Stove
United
Transit
United
Wallpaper,
Co.
ioc
4-
1
3-18
4-
1
3-18
Universal-Cyclops
$$5
4-
1
3-16
Universal Leaf
50c
3-31
3-21
4-11
3-21
Universal
3-28
3-18
Upressit
8%
preferred
2-28
Utah-Idaho
4-
1
2-28
Utlca
4-
1
2-28
3-
1
5%
4-1
3-15
5%
preferred
,
Inc.,
Steel
Tobacco
4-
1
3-16
1
3-19
$2
(quar.)
-
'•
3-31
.1
3-14
5-
2
1
3-18
;
3-31
5-16
5-2
5- 2
8-1
$1.25
3-31
3-2a
4-1
3-21
R-vq
Jtm, 1 '
10-1
62'Ac
1-3-50
'
9-20
12-22
5-16
/
■
$1.25
8-15
$1.25
11-15
$1.25
2-15-50
50c
:
*-11
4- 1
•
$1.25
7-
25c
4-
$25c
3-17
6-18
4-1
ossc
3-15
3-10
3-16
'' n\
3-21
4- 1
25c
a- l
4- 1
$1.25
4-1
40c
3-24
15c
3- 4
3-15
3-10
3-31
4-1
4-20
20c
4-15
4-15
4- 1
$25c
4-1
3-1
(quar.)
$1.06 V*
4* 1
3*
(quar.)
$1.12'A
4- 1
56'/4c
4- 1
3-30
$1.50
(Mass.)
series
4-30
4-
(irreg.)
A
.
3- 4
4- 1
4- 1
$1
$1
(quar.)
com.
2- 1
3-24
1
(quar.
^
11-1/
1
25c
_
1
.
,
•
9r
Co.—
Service
.
25c
'
Corp.
com.
Corp.,
$3 preferred
Ltd._;
Mills.
.
75c
■i'10
4-1
12'Ac
(accum.)—
3-3
j>"
4- 1
3-31
$1.25
(increased)
-
J-i
3-n.
4-15
7-1
25c
.
3-i
4- 1
4-1
5%
(stock dividend)
(qaur.)
Petroleum
Co.
Iron
4-
15c
Oil
1
20c
—
3-
$50c
-
4-1
.
.
3-31
26o
.
Co.
3-j'
50c
3-31
25c
&
3-31
3-18
50c
3-28
/
$1.25
3-28
3"
(quar.)___
Lothrop,
com.
(quar.)
(quar.)
1
Towne
Fiber
Mfg.
Tile
(quar.) //____——
Co.
J
•
'g..
Mfg.
(reduced)/,—
Col
Machine
,
'7"
preferred
Yolande
Corporation
Corp.,
4'A%
Zellers,
Ltd.
(quar'.)___
preferred
6%
preferred
preferred
i
(quar.)__—.—
(quar.)
/_//____/
25c
-
15c
;
:
•Transfer
tPavable
>rtPayable
-
"■
in
U
S
not
closed
Funds,
for
less
fuhds
this
15%
tax
x
dividend.
Jamaica income tax.
r^^(j
4- 1
4- 1
■
o.2l
3-3j
:
4_ig
445 '
445 ;
Q
,
.
.
.
,
/
.
t
L
.
*
;
ta3t
at
,
'
lg
,3.l5 ■
'
non-residents
the sourc
Canadian
deductible
tax 15%; resident tax !%,'"■
Less British income tax.
v v"""
Less 30%
,
in" 7-7 4-20
3-21
resident
'a
g :,
^
5- 1
5- 1
5- 1
Corp.
Canadian
-
047
4-30
7-30
10c
(quar.)
books
in
4
•-
150c
$37'Ac
$31'/4c
—
(quar.)__
Products
'
12'AC •
56'/4c -
—
(Increased)./
com.
37'Ac
3f'^c
(quar.______—
4
4-18
25c
(quar.)
Co.—
o.ig
4-1
3-30
•,',25c*
10c
-
3-15
1
62'Ac
62'Ac.
3-15
75c
preferred" (quar.)_____—;
3-15
4-
15c
"
3-15
4-15
$1.25
Power
Steel
5%
4-14
4-
$2
4-15
-.
(quar.)—;
Corrugating Co.
Youngstown Steel Car
4-15
30c
62'AO
I
(quar.)—
common
3-31
$50c
(quar.)—
convertible
Zonite
(quar.)_
Co.^
York
4-
3-19
{35c
A
convertible
3-18
■
'
25c
(quar.)
preferred
&
York
2
3-25
3-r,;
•
4- 1
40c
6%
4-29
4-15
3-15
3-25 /
1
4-
20c
;4- 1
/// '10c ' ' 4- 1
(quar.)
6%
3-15
5-
3-15
4-1
'
$$1.50
.
5-16
3-15
3-21
62'Ac
25c
River
Yellow Cab
1
$2
preferred
''
^
3- 8
.4-1
$1.25
.
preferred
Yankee
5-16.
$1.50
fquarj
(quar.)
preferred
4-
3-22
$1.12'A
(quar.)l
YatesrAmerican
6-10
4-
Combing Corp. of Canada, Ltd
"
$40c
4-10
Worthington Pump. & Machinery Corp., com. "
25c
3-21
Wright Aeronautical Corp. " (irreg.)
$1.25
3-28
Wright-Hargreaves, Mines, Ltd.____
$4c
4-1
Wrigley (Wm.), Jr. & Co.
"
..*■"■"J .
Monthly
25c
4-1
Wysong & Niles____;
'
10c
6-15
3-30
,
tl5c
50c
Co.
(Alan)
5%
Yale
3-15
$8.75
__IIIII
-
1
1
Co
5%
4-
4-
(quar.)
Co,,
4-12
4-
4%'pfd. (quar.)___
Corp. (quar.)
com.
3-15'
c
25c
—
8-31*
3-16
5c
(quar.)
Co.,
5-31*
1
_
(quar.)
Cap. 8% pfd. (accum.) ___!
Sugar, 60c class A pfd. (quar.)
Knitting
.
pfd.
3-15
1
25
Wool
11-30*"
93 %c
___
Metal
28'Ac
3-31
pfd.
6-20
9-20
12-20
4-
;
5%'
Winding
26Ac
5%
conv.
2-28*
62'Ac
____________
-
2-28»
$1.50
,
1
25^
common..
(quar.)
Public
Woodward
3-21
25c
pfd
3-15
3-10
$1
preferred
Electric
Woodward
3-21
,75c
__i_
(quar.)
1
Extra
22'Ac
(quar.)
(increased)-,
4-
$1.50
____^
Woods Mfg. Co.,
Woodside Cotton
3-15
50c
Trust
3-21
Grocery Co.—
preferred A (quar.)
Woodmont
3-22
75c
S.
4-15
preferred
Woodley
9
4-
75c
U.
Co.
1
3-31
-
Printing & Lithograph Co.—
preferred (quar.)
Rubber Co., 8% non-eum. 1st
Steel
Wood
3-22
$1.25
S.
3-21
$1.12'A
Lovett
Oil
Wichita
Corp.—
(quar.)_
4-15
/:
Extra
3-22
3-31
(increased)
(quar.)
U.
5%
Wiser
4-
$1.50
common
4-18
$1.05
—
Company
preferred
5%
;
Corp.,
4-18•
5-16
3-25
Inc
___;
5'
5-16
(quar.)__
Fund.
Wisconsin
4-
25c
Plywood
$1.50
(quar.)__
Co.__
(Wm.)
Wisconsin
Corp.—
Extra
3-18
Stationery, 'common
Co.
conv.
Winn &
4'A %
$1.75
Foundry Co.
3-30
50c
&
$4.50
1
$1.75
J.),
$1.75
1
Company, $4.25 preferred
Willys-Overland Motors, Inc.—
20c
(quar.)____
(N.
3-
3-16
(Toronto)—
Corp.,
3-i5
3-20
3-31
$1.75
Corp.
Ltd.
Wilson
3-15
5
Wilsil,
20c
Securities
1
2oc
preferred
Motor
Wliitman
3-15
4-
i^___
Y.)
Steel
Paper
Whiting
3-21
1
4-
Extra
U.
4-11
4-
$1.75
z
(N.
3-15
4-
683/ic
prior
6%
common
1
17'Ac
(quar.)
(quar.)
preferred
Whitehall
(Bait.)—
Quarterly _•
Quarteily
L__
Quarterly
U. S. Playing Card
(quar.)_____
U.
3-15
62'Ac
(quar.)„__
International
1st
3-14
25c
4-
4-
(quar.)
(quar.)
3-15
I
53c
(quar.)
Co.,
preferred
$5
U.
preferred
1
4-15
1
•
iquar.)
4-
25c
4-
$1
preferred
A
preferred
White
50c
25c
Co.
A
$5
(quar.)_
com.
3-11
4-
$$1.75
■
(quar.)_'__
(quar.)
(quar.)_12___
A
preferred
Wheeling
37'Ac
Guarantee
A
preferred
Whitakar
58'Ac
Co.
8-11
3-10
'
Extra
record
pfd.
Corp.,
Foreign Securities
1st
3-30
25c
Canal
8-16
3-31
(George), Ltd. (quar.)
Weyenberg Shoe Mfg. Co.
Wheeling & Lake Erie Ry. (quar;.
—
$1.13
"
the
Foil, class A
62 '/2c
(quar.)— IIIIIIII—I
be
6-15
Weston
The
business
will
1
$6
RR.
preferred
5%
50c
preferred
S.
United
(ouar.)
date
$4.25
Pacific
Westmoreland, Inc.
Madi¬
of
3-15
7-
Co.____
5%
made
date.
10th
Finishing Co.
preferred (quar.)
7% preferred (quar.)
$4.50
3-23
$1.25
—I—I
_IIIIII
3-10
S.
U.
3-15
4-
25c
,
value
after
&
Electric
preferred
5%
(monthly)
Works
Class B
6-16
4-
25c
(quar.)—
5%
held.
be
1
Ltd.—
*______*.
Grocers, Ltd., class
preferred
(quar.)
Western
issued,
preferred (quar.)
Specialties Co.__
United
3-12
4-
43%c
(quar.)
3-31 '
15c
4-
common
Co.
Western Tablet &
$4
3-15
4-
25c
(quar.)
3-15
4-
3-31
56c
Canada
(quar.)
(quar.)
3-31
56c
25%
A
pfd.
Bunshine
25c
87'Ac
dividend
com.
Dye
Shoe
U.
(quar.)
pfd.
Piece
United
7
31'Ac
—
20c
5%
United
12-15
1
;
day
preferred
9-15
12-31
2
__
business
Jersey RR.
3-15
6-30
4-
Stock
Sunray Oil
be
will
the
distribution
New
3-15
5-
(quar.)_—
dividend
Sundstrand Machine
4-
$20c
common
A
Assurance
Corp.,
not
record
be
prior
3-31
3-31
25c
Gas,
4-15
$75c
.
preferred
preferred
Sunbeam
4
$43%c
(quar.)
the
will
7%
7
3-
$1.25
___
the
market
on
date
United
3-18
25c
Corp.
Chemical
$4.50
3-
3-31
3-30
40c
Corp..
Propane
3-21
60c
(quar.)
3-10
3-14
5%
Light & Railways Co. (Del.) —
6%
prior preferred
(monthly)
6.36% prior preferred (monthly) __i_____
1
4-15
(quar.)—
common
Strawbridge & Clothier. $5 pfd.
Stromberg-Carlson Co.—
convertible
1
3-
4-
5-
50c
_,_
4%
3-
$50c
$1.75
Stlx, Baer & Fuller 7% 1st pfd. (quar.)—
Stokely-Van Camp, Inc., common
5%
prior
preference
(quar.)
Studebaker
shares
will
payment
the
on
stock
20th
3-19
1
___
com.
1
1
3-21
"
Co.,
Department Stores
$1.40
United
3-24
4-
1
(increased)
(quar.)
Container
4-15
3-
common.
preferred
(quar.)
Stewart-Warner
Corp.
(quar.)
Stone
3-10
3-
5c
Participating
Products Engineering Co.____:
Sterling Aluminum Products, Inc.—•
New common (iriit'al)
Sterling Brewers, Inc.—.
•_
Sterling Drug, Inc.* 3'A% preferred
Sterling Motor Truck Co., Inc.——.
4'/2 %
4'/2%
3-20
$1.25
Ltd.,
(quar.)
pfd.
4-
3-],T
15c
common——
(quar.)
Power
1
3-18
1
35c
Co.,
(quar.)
Western
3-10
4-
3-10
$$1.75
'
4-1
3-iu
50c
Extra
3-10
3- 4
3-31
4-1
«quar.)_,—
Co.,
Assurance
Western
4-15
day following the approval of the SEC
$1.25
Canada
3-22
3-11
3-10
Electric
3-19
4-
Steel
Stern
cash
a
&
1
$1.25
(quar.)
Brothers,' Ltd.
partic.
shares
Gas
25
4-
4-
preferred
Co.
each
record
4-
1
1,
3-21
Z
:
4-
1
5%
based
$50c
(quar.)
1
3-21.
1
5
50c
semi-annually *—Z__L___
West.ern Commonwealth, class A (s-a)-;-
Co.—
3-25
$31 'Ac
(quar.)
preferred
4-
1
4-
"
Increased
4-15
55c
3-19
75c
(quar.)
5%
3-18
4-
Co.
preferred
Western
1
75c
;
Corp.,
$5
$4.50
3-31
(Boston)
.
3-30
25C
Madison
4-
'4-
;
3-
Co.___"
&
Virginia Water Service Co., '
preferred
(quar.)
Western
,
20c
Light
(quar.)—
preferred
$75c
(irreg.)
Co.
for
3-10
3-31
(quar.)
Lithograph
5%
7%
of
3-19
4-25
—
Street
Stecher-Traung
share
common
1
4-25
——
—
75c
3-15
Ltd.—
3-31
93%c
Company
/
Power
preferred (quar.)
50c
(quar.)___________
4-
15c
Mfg., 6% pfd. (quar.)—
Paving & Materials, Ltd., com.
Partcipating convertible preferred (s-a)_
Participating preferred non-cum
Participating
Standard Power & Light 7% pfd.
(accum.)
Standard Stoker Co.
(irreg.)
Standard-Thomson
Corp.
(initial)
Stanley Works
S.)
7
3-12 '
4-1
_
_____:
A
Penn
West
7
3-
-.
Railways
3-20
$1.50
Paper
(L.
preferred
Corp.
4-
$1.75
—
(reduced)
Standard
Starrett
3-
l
4-
35c
pfd. "(quar.)
West Virginia Pulp & Papef (quar.)
Special —
distribution,—
One
3-28
Oh'o—
33A% preferred A
Standard
Investments,
Light &
Stock
and
(accum.)
of
1
1
349-
3-31
(quar.)
Snowdrift
West Texas Utilities
•
1
31'/4c
(quar.)
4.20%
preferred
(quar.)'
4'A % preferred (quar.)—
2-25
4-
&
Electric
6%
3-10.,
341.
4-
3-31
___
pfd.
;
Gas
West
3-15
4-
(quar.)______
—____
preferred
$1
son
(accum.)———.
Co.
1
3-22
•
25c
$7 prior preferred
2
4v
$1.75
(quar.)
75c
183Ac
Participating
$6
Co.
Illuminating
United
Standard Gas & Electric—
Standard
Fruit
4-"i
~
3
25c
Fixtures 5%
Penn
1
3-22
.
Oil
Class
3-23
,g"
3I4<
3.1s-
4-15
(quar.)
Mills
&
Ohio
3-19
1
Co.
West
4
4-
Motor
West
.
3-241
$1
Extra
4-15
94c
,
Corp.,
2
5-
$3c
—
Co., $3.75 pfd.
Standard-Coosa-Thatcher
5-
$1
—
3-
$1.50
•mm'.
United
3-19
1
25c
Kootenay
7%
4
4-
50c
25c
;.:7/;
(quar.)
4-
25c
-mm
.mm
1
4-15
$1
common_______.
West
7%
mmm
Sovereign Investors. Inc.———
Springer, Sturgeon Gold Mines, Ltd.„.,
Springfield Fire & Marine Insurance Co.-—
Staley
4-1
50c
4-13
Stadacona
4-
(quar.)
3-15
A
3-25
62'Ac
preferred
•
4-1
preferred
37'Ac
(quar.).
3-15
$2
4
4-15
preferred
3-
$1.25
8-15
40c
$4
3-31
3-25
mm*
$1.25
Insurance
$4
4-15
sii
3I3!
3-26
" ■4-
,
&
Wesson
11-10
50c
5-13
$1.25
—
(quar.)
Life
11-15
3
...
$20c
Corp.
(quar.)
Company, 4% conv. pl'd. iquar;
4%
convertible preferred
(quar.)__
Wellington Fire Insurance Co. (s-a)
8-10
2
3-19
50c
Semi-annual
5-10
air
? ,S:
■•/!•
4a~ %
4/1
62'/2c
___
Wellington Fund, Inc.
3-15
5-15
8-15
25c
Co.
Rubber
Mfg.
(quar.)—
Southwestern
1
4-
V t
6-*2
8-;
$2.25
Chicago
Weeden
4-5
(quar.)
Underwriters
4.30
*3-'>5
(quar.)25c
Ltd.
Knitting
Webster
3-18
1
ba'/ac
convertible
Electric—
&
3-15
4-15
■
3-21
$1.25
(quar.)—,—
Southwestern
3-15 7
$$1.75
Tobacco
,mm
trust
3-15
1
25c
Railway Co.—
stock
1
1
4-
•
,J6
o"X
$T '•'*"4-21
$4.50
4-21
_______—
Weber Showcase
4-
_J__
Co., Ltd,. 7% pfd. (quar )
Century-Fox Film, com.
(quar )
$1.50 convertible preferred (quar.)_
Twin City Rapid Transit Co.—
5%
Wayne
4-
25c 7
3-15
A-
non-cum.
Ohio
3-22
4;
62y2c
Twentieth
3-22
—_
non-cum.
&
3-18
1
v
3-n
■
-3.31
Extra
Waukesha
$1.50
—
(quar.)___..
Quarterly
•
lot
________—_—
Quarterly
Waterous,.
31'/4c
$6
Quarterly
3-31
1
4-
$$1.12 Yz
(quar.)
Corp.,
Products
3-
3-15
3-15
Co.
preferred
Tri-Continental
1
1
4-
■
$25c
'
(quar.)
Products
4-
—
(quar.)
(quar.)
5%
Mobile
45c
7
—
3-31
1
44-
30c
preferred
Tuckett
——
5%
5%
tl5c
______
Class B
3-18
Udylite
______
(quar;—————
Southern
3-14
1
Electric-—
&
4.
V:i .'3l2i'H"'
Baking CoM common (quar.)Z_—__
25c
5 'A %
preferred (quar.)$1.37'A
Warner Bros. Pictures (quat.TZ-_____
25c
Waterbury-Farrell Foundry & Machine Co.— '
•■'
3-15;'
Works, Ltd., common
$25c
1
;
arrears)
3-15
I-3"21:"
3.21
Ward
5-181
4
3-31
8
•.
35c
& Company, class A (quar.)_____
^
Disney
Productions,
6 %' convertible
preferred
(this
payment
clears
all
1
3-15
8
9,-
Walt
3-21 '
$15c
■
___
3-14
1
4-
Co.
(initial)
-5
30c
Walker
3-10*
?"10'
3"21:
1
,
3I3?
•
Co., "Ltd.10c
Waldorf System Inc.
1
25c
(quar.)
(Durham,
4
4"
3-31
'
common
Agricultural
3-21
$25c
Towmotor Corp.
4-
3-31
—
Southern
Torrington
-
4-
3-31
(increased)———
Franklin Process
(irreg.)__—.—
Southern
4.8%
preferred
Insurance
Fire
C.)
3-16
37'/2C
27c
__
41
4"}
.
Corp.,.-
(quar.)
Electric
4" l'
4'1
3-103"15,
»
:
4
$1.75
—___
(annual)
4-
$1.06 '/4
(irreg.)
Co.—
—-
Southern
A
62'Ac
(s-a)
Co.
voo
Co., Ltd.$25c
Corp; (quar.f/_______"____^.; '
75c
40c
$$1.25
3-18
4-
25c
-Z~Z-
---
original preferred (quar.)—
4.32%
cum.
preferred
(quar.)„.;
Southern Canada Power Co., Ltd.—
(quar.)
1
3-30
:12'/2C
quar.)
Telegraph
Class
.
Cotton
3-lo
3-i0'-
1-
25c
(irreg.)
Co.,
preferred
Waialua
$25c.
3-18
Treesweet
partic.
Common
3-18
1
10c
—a-
—~—
—
1
Paper—
&
Bag
44-
Iron
Railroad
3-10!
110c
Co.
Iron
&
1
''
(interim)
Trusts
4
'.-"-*.1"8
;
_______
4-.
$15c
Insurance
Mold
Wabasso
■'
93 %c
-mm
Co.___
Ltd.
3-15
3-10
,3-31
Vulcan
,,,
I'il
-
.
87Vac
Co., common__"_J__'_____
50c
—____
jmm
Tooke
3-28
3-is
n
,
Co.Z_/i::t__Z_-/:°.20e
preferred
4'A %
4
3-
4-
50c
common-—.
(quar.)
Service
Public
Advance
Southern
■'
Sugar,
preferred
Southeastern
(quar;)/://,!:/!//—/
(quar.)_____
Detinning Co., common
(quar.)
"7%
1
4-
35C
3-31
h
pfd. A (quarjIH:
$125
(quar.)26c"
B
preferred
Vulcan
3-31
$1.12 »A
Ltd..
Tailors,
1
6-25
$25c
———
'.mm'.'
•3-31
62'Ac
683Ac
30c
$1
——
;
2sc
-6% • partic; preferred
(accum.)l__l_r____ ' : $i>50
Virginia Electric & Power'Co.,'"com/(quar.)
30c
$5 preferred
(quar;>:^__*__U/_-_-i_;i___i^'-Z • -.$1.25
Virginia Iron Coal ■&: 'Cokef 4% pfd';
'^quar.) Z "^
25c
Virginian Railway Co;j common (quar.)/___" Z. 63^0
•'■'
6%
preferred )quar4_lV'___i__r_\1___—
37'AC
6%
preferred (quar.)
Vlcliek Tool
Co.—
(quar.)___
Axle
4-
50c
—
3-10
15c
.—
.
1
,
B.); 5%
Equipment;
7%
3-31
4-
3-14'
3-14
1
50c
—
Detroit
Toronto
quar.)—
(J.
__;
%Ipreferred,
Victor
Mills
Clothes,
Top
4-15
'
50c
preferred
4-20
3-14
4-
25C
■—
Water
$3.75
.'4-13
IV--'
4-
•
31'AC r
—
Corporation
4-11
•
Common
Co.
Virginia-Carolina Chemical*"Corp.—
-
3-4*
1
4-
4-30
•
Electric & Gas—
Carolina
'
Vanadium Corp. of AmericalZ^-^j;'..;-:,
;:rv' l. 2bc
Verney Corp. (Canada).; 4'A%* pfd: '(quar.) ' •
J57C
Viau, Ltd., common
' '
$25c
/' 5% .preferred (quar.) /_'/:______',_—-~II^
$$125
Vicksburg Shreveport Pacific Ry., com. (s-a)
'
$2 50
5% preferred (s-a)
$2.50
Victor Chemical Works, 'common1
(quaf.)___ -'i 4 40c
'
South
.
25c
_—20c
preferred
'-/a'A
•
3-10
4-
•
'
■3-IOf"
1
,
Thrift
Stores, Ltd.
(quar.)—,
Thrifty Drug Stores, Inc.—
4'A%
preferred A (quar.)_„_—
4y4% preferred B (quar.J—^-w,
1
5-
12'Ac
10c
31'Ac
$1.37
25c
•
—:
;
Cotton
Common
rf-
(quar.)
common
6-10
Tip
(quar.)— mi.
i.
Common
15c
convertible
$1.25
1
1
/ 3-25
$1.02 %>
preferred (quar.)______—
Textron, Inc. (R. I.), common (quar.)—-,.
$1.25
preferred
(quar.)—
9-10
+50c
+50c
20c
Co.—
preferred
•:.
$2.30
12-10
4-
—
—
(quar.)
dividend
Textron, Inc.-(New Hampshire)
Tide
—
Aircraft
Solar
(quai\)_
-
Stock
9-20
50c
50c
——---—
(quar.)
4%
preferred (quar.)—
Society Brand Clothes, Inc.
4-
4-
30c
-—.•—u._——
Gas
12-20
40c
Inc._
1
Ltd.—
Mills,
Paper
___
—
Laboratories
French
&
Common
5®°
$30c
———$53c
__
Typewriters,
Corona
(Howard)
Smith
(quar.)
Ltd., com.
Company,
preferred
$2.12
Smith
6-20
j?0c
—
<7
(N.)
3-15
"3-25
Sciver
0Ie°lRec.
■'>!* 1
3* 5
.40-
,
50c
(quar.)
Quarterly
Quarterly
Quarterly
3-1 lf
i
.
21, 1949
Share
*
'
-
Transmission, com. (quar.)_
4.10%
preferred
(quar.)-L._u.~^i.1-i^-._^_,
4.25%
preferred
(quar.)
Texas & Pacific Railway____,
Texas
Company (quar,)____—
Texas Gulf Producing Co. - ■
, •
4-
class
Van
3-11
1
.
Norman
5%
4-
25c
■
Corp.
Tennessee
$1-75
•V
—
Tennessee
3-31
««
5%
(quar.)
(accum.)_—
3-18
preferred iquar.)—•-——
Simplex Paper Corp.__
—
20c
Sinclair Oil Corp., (quar.)
———w»c
Skenandoa Rayon; 5% preferred (-quar.)—-.
$1.25
5%
Co.
2-23
.
_
preferred
7%
Power,
Coal
Temple
3-31
4'
.
8 >
3-31
—
—
Ltd.—
Dairies;
Telluride
1
3-.11
y 4-
Company-V'WH- ■'
Power
Quarterly
Van
3-15J.
4-.r
25c
10c
Jioc
<-•«——-
(quar.)
Western
4-
4-
$25C
,
class B——
Dairies; Lta.,
A
Silverwood
»-_i—-
—
3-22
2
1-20.
4-1
,
Monday, March
'
& Light
Co.
M
Utility Appliance Corp.', $1 "conv. pfd.
(quar!)",
Van De Kamp's Holland Dutch
Bakers, Inc
3-15
4-
4-1
25c
Utah
,
3-19*
4•4-
50c
i,,
3-19'-;
•
(quar.)
Breweries,
1
5-
31'Ac
—•—$20c
7%
preferred (quar.)
T$1.75
Shuron
Optical Co. (quar.)
——'
35c
Common
preferred Iquar.)—
Taylor Instrument Cos. (quar.)„_——__-7.
4%
3- 1,
4-
"'$5c v
3-15.
Name of
4-
,
■
Sheraton Corp. of America—
$1.25 convertible preferred
(quar.)
Bherwm-Williamo ot ^anada, Ltd.—
Payable 0/ Rea.
Company
•
3-31
1
4-
Share
of Company
40c
(quar.)
,
r-'
v .,35c
Sylvania Electric Products-, common—..V
$1
$4 preferred
(quar.)
_______
tl'Ao
Sylvanite Gold Mines, Ltd,—
Talcott (James), Inc., common
15c
(quar.)_;__
56'Ac
4'/2% preferred (quar.—______
Tamblyn ;(G.), Ltd., common (quar.)_^__— ;$25c
4
3-
Name
V
■
Holdert
When
Per
Swift
3-15
3-
CHRONICLE
FINANCIAL
Holder»
Payable of Rec.
25c*
—-
&
COMMERCIAL
THE
(1270)
4JJ
Number 4787
169
Volume
THE
General Corporation and
.,
(Continued from
„
FINANCIAL CHRONICLE
thar
t h? Payrnent of $30 per $1,000 bond on March 29.
extent
nf
£ ? A fcontinue to be dealt in "and interest" to
ann.STif ia
f interest payable on the bonds, viz: at the
mado
nrt Ji
1° ocf ^ delivery in settlement of transactions
CONSOLIDATED INCOME STATEMENT, 12 MOS.
th^
nn
!!
No
Gross
2022, $45,374,500; equipment obligations, $24,839,878; audited ac¬
and wages payable, $6,865,670; miscellaneous accounts payable
861,984; interest matured unpaid, $1,692,535; dividends matured un¬
paid $147,251; unmatured interest accrued, $2,244,381; accrued ac¬
counts payable, $2,440,060; taxes accrued, $9,452,130; other current
liabilities, $1,658,774; deferred liabilities, $135,491; unadjusted credits
(include $1,055,478 reserve for casualty claims; $798,173 reserve for
U
s. Government claims for overcharges based on land grant rates
and $619,272 miscellaneous items), $2,472,923; earned surplus—appromated, $345,106; earned surplus—unappropriated, $11,770,426; total,
due
front
after
all
1949—3 Mos.—1948
$11,507,334 $30,322,843 $28,101,044
Net
Gross
12,185,000
$61,381,955
'
11,850,000
$36,381^955
2013.
p.
i,
:
,
•
Net
1949
$4,952,341
Federal
:
3,450,289
Deductiohs
..272,628
Net
-V.
24,093
170,756
$608,876
4 Weeks Ended
yYY,;V:V'
$818,188
Net
Total
United States.
Sales in
in
Sales
Stores
!■
6,783,949
operation
period i
of
the United
:______
in
$
v
States
V
2,091
operation in Canada (end of period).
The
corporation
size
will
141
increase
its
board
from
directors
of
five
to
according to Lingan A.
of
board
the
leaders
to
'of their
The
board
advice
Warren, President. This increase in the
enable Safeway to give representation on' its
will
in
other
and
vacancies
lines
counsel,
created
of
Mr.
business
and
said.
Warren
the
in
board
will
obtain
to
•'YY
-
be
not
benefit
the
Y;;:/
filled
Y-YY
until
the
^annual meeting of the common stockholders on April 26, 1949. The
'jmanagement of the company will present to the stockholders for
•election as directors, in addition to Lingan A, Warren, AY D. Kirk-
,'land, C. N. .Sanders and Milton
directors,
,the names of Brayton Wilbur, Artemus L. Gates and Norman Chandler.
Mv. Wilbur is
.
dent and
.of
The
;Hanover
fornia
director
Federal
Fire
Mr.
of
Connell
Reserve
Title
Gates
is
of
Co.
serve
now
of
Chairman
and
Francisco,
Fire
Insurance
Presi¬
the board
Co.,
common
director
'Mr. Gates acted
as
a
Assistant
through June of 1945
-1945
through
Mr.
Dec.
Chandler
and
31,
is
President
President
and
Under Secretary
a
director
and
director
of
of
of
director
a
Publishers
the
Los
Station
Television
Inc.,
a
Tejon Ranch Co.,
..
Paper
.
,
Earnings
share
per
on
286,000
1,525,000
$5.33
1,979,000
shares
$6.92
—
*
large-scale production
and
marketing of streptomycin, it was revealed on March 14 by I. J.
Seskis, President, who also announced substantial price reductions on
Schenley Laboratories,
Inc.,
will
After
extensive
commercial
nation's
>
this subsidiary- a pioneer in
penicillin and currently one of the
of
this
wonder drug,
is now com-
to
of
start
large-scale
output
of
and
i
of
marketed in more
and Canada. In
France a plant
planned by SChenley technicians and research experts
and built under
their supervision is now producing penicillin at twice
hs
rated
capacity.
Its product is being marketed
by the Societe
Francaise de Penicilline under the name "Roussel-Schenley."—V. 169,
than
60
foreign
Laboratories
in
addition
are
S.
U.
(Jos.) Schlitz
;
tion—Edward
'This
Brewing Co., Milwaukee, Wis.—Acquisi¬
C. Uihlein,
President,
on
March 16 said:
(less
has
$0.18
acquired
the
assets
°j, ,be.er in
the world, will continue at
additional facilities are completed.
George
the
■
sale
Burghard
President
.
increase as
V
Ehret Burghard—grandson
of George Ehret who
brewery in New York City in 1866—was at the
Ehret
the
capacity and will
Y
to
is
of
Schlitz—Chairman
director
a
the
of
the
of
the
Westchester
Fire
founded
time of
Company,
and Vice-Presi-
'.
The following
holders
*a)
■
'
of
Fixed
payments of interest will
Interest coupon No. 25 maturing
interest of $30 per $1,000 bond
coupon No.
12
Accordingly,
.
Exchange
..
be made on April
1,
on
maturing on April
the
Committee
March
12
ruled
April
on
upon
1,
1949.
1.
1949;
surrender
...
stock
at
for
1948
^
.
Y
Securities of the New York Curb
that said bonds be quoted "ex", the
the
Net
Net
:
.t
>:
r.
18,730
$168,943
$1,851,907
$1,756,753
34,358
34,358
412,296
412,296
$134,990
$134,585
$1,439,611
$1,344,457
;
949.
p.
■;
,
,
_
.
1948
$4,139,603
—
oper.
•
Co.—Earnings—
1949
revenues
$3,958,276
6,562
6,354
$4,133,041
$3,951,922
3,198,023
3,010,012
rev.
420,902
$528,376
408,724
income
charges__i
413,534
$514,116
operating
after
—V.
452,940
169, p. 808.
Southern Pacific Co.—Earns, of
(Incl. Separately Operated Solely
Transportation System
Controlled Affiliated Cos.)
Month of January—
Railway operating revenues
—_
$40,590,116
045,363,291
$42,212,890
Railway operating expenses
1947
$4.27
$1.00
$0.60
—Y.
37,122,431
35,690,611
32,376,934
opcrs.__
$3,467,685
$9,672,680
$9,835,956
from
revenue
1948
1949
railway
unemployment insurance
retirement
income
Other
1947
county
close
per
of
1947."
He
added
is expected in
company
that
a
1949.—V.
high
169,
p.
volume
114.
of
Shoe Corp. of America (& Wholly-Owned Subs.)—Sales
1949—Month—1948
$1,958,876
Retail
310
a
units
In
operation
before.—V.
year
169,
$1,769,619
Feb.
on
1949—8 Wks.—1948
26,
$3,791,986
numbered
1949
against
1012.
p.
(net)
Other
259,908
tain
340,411
303,099
income
716,812
436,186
$1,102,833
441,096
52,302
taxes
income
Net
taxes..
earnings from operations..
Other
income—net
•
-—
Net
$1,653,014
charges and
other
deductions
of
solely
—V.
$1,092,471
stockholders
from
stock
S.
C.
to
expansion
raise
—V.
increase
Increased—
authorized
the
common
to 3,021,460 shares.
President, said that part of the new stock would
to finance part of the company's 1949
Stockholders will be offered rights to subscribe
stock.—V.
169,
p.
Southern Bell Telephone &
Uncollectible
oper.
1949
1948
$19,741,650 $16,415,307
68,735
60,149
rev
operating
after
—V.
169,
—'——
—
$19,672,915 $16,355,158
15,239,448 13,645,361
2,397,102
1,601,090
$2,036,365
1,618,883
income
charges.
$1,108,707
715,835
808.
p.
Southern Colorado Power Co.—Weekly
Electric output
Output—
March 12, 1949,
2,512,000 kwh. for the
14.9%.—V. 169, p. 1118.
of this company for the week ended
2,886,000
kwh., as compared with
corresponding week last year, an increase of
totaled
(& Subs.)—Earnings-
Southern Co.
1949
Month of January—
194*L
„
—
$10,511,462
$9,845,989
5,400,258
—1—-_—*—
adjustments..
4.568,548
1,024,000
211,999
2,134,171
—
$2,572,743
long-term debt of subsidiaries...
Amortization of debt disc't, prem., and expense
710,802
Cr5,425
341,222
$1,781,362
636,239
Cr5,130
Cr9,266
341,222
$1,577,794
$818,298
Gross
revenue
for
—
of plant acquisition
taxes
r—
Gross
income
.1
—
Interest on
Other deductions
i
Dividends on preferred
Net
income
—
—;
Earnings—
Jan. 1 to March 7
Week End. March 7
1948
"
1948
1949
$6,687,104 $53,344,018 $59,880,381
$5,937,269
169, p. 1118.
ratio
of
50 South
addition, each
price for
covered
shares
of
additional
held
by
Bonds Placed
PURPOSE—The
ceeds
Cr51,650
—
stock of subsidiaries—.
893,790
211,999
1,558,579
record
for
stock (par $1)
Feb. 24, in the
each
per
La Salic Street,
Chicago.
of warrants.
Privately—The company
common
received
are
common
stock
warrant holder will be entitled to subscribe at
additional shares, not exceeding in number the
such holder's warrant, which are not subscribed
the original exercise
through
are
of
of
ten shares
share. Rights expire 2 p.m.
payable at The Northern Trust
common
at $12.50
Subscriptions
28.
same
for
Co.—Subscription Offering—
107,430 shares
stockholders
common
stock then
March
agent,
In
the
by
share
one
common
Co.,
offering
is
company
subscription
(out
of
stock
the
is
not
on
mortgage
Jan. 31, 1949,
sinking
fund
Whatever pro¬
$1,342,875), after the
underwritten.
maximum
of
payment of expenses estimated at $23,000, will be added to the general
funds of the company and used in connection with its construction
betterment
and
Net
-Estimated Gross
earnings
The
Telegraph Co.—Earnings•
Operating revenues
Operating expenses
Operating taxes
$2,922,350
privately $1,500,000 first
bonds, 3% series, due 1965.
:
revenues
$2,062,302
sold
949.
Month of January—
Operating
t$l,862,464
tRepresenting interest on cer¬
Affiliated Companies not credited to
System. tLoss.—V, 169, p. 1118.
of Mexico.
Southern Union Gas
$2,000,000
program.
additional
the
to
2,021,460
McMcekin,
issued
be
voted
have
457,590
Crl74,805
Dr206,312
—
Solely Controlled
P. Transportation
S.
of
(EST)
The
Cr71,017
YY,
1949
of
704.
169, p.
of
bonds
Southern Ry
148,205
$1,241,198
-
$2,289,954
Drll3,385
Cr71,017
controlled
Period—
for
-
$2,104,670
Y—
"Excluding S. P. RR. Co.
$1,240,677
148,205
preferred stock
Balance
System i$l,727,169
charges
251,818
$1,389,404
—
on
$1,492,495
263,609
.___
income
Dividends accrued
50,920
1,549,778
230,460
Consolidated net income—,
Gross
income
123,458
^
1,565,989
17,705
389,662
—
income
estimated Federal
581,847
$4,121,121
624,694
545,555
$1,211,917
depreciation
than Federal
489,141
$3,811,822
1,679,552
19,731
———
income
$4,998,597
2,271,874
150,794
$24,416
funded debt—Bonds & equip.
fixed
305,092
for
$3,539,273
624,089
Net income of S. P. Trans.
$5,434,591
Maintenance
for
$3,322,680
Y—
income
on
2,314,802
other
94,591
t$599,673
— _
1948
Operation
Provision
1,552,715
income
1949
Y
Operating revenues
56
1,338,613
116,840
Miscellaneous deductions
Int.
1,241,706
91
985,009
;
companies
■(■Consolidated adjustment
Co.—Earnings—
1,476,386
—
(net)
affiliated
Sioux City Gas & Electric
15,497
1,581,407
taxes
taxes
rents
facility rents
"Net
12 Months Ended Jan. 31—
1,484,648
11,995
11,126
city
obligations
$3,341,254
329,
634,240
1,220,584
1,463,150
Net railway operating income.—
Other
665,692
1,273,763
taxes
and
Miscellaneous
Joint
reported further:
"Book value of the
share at the end of 1948, compared
107,293
1,287,842
taxes
taxes——
taxes
Federal
State,
4
stock
$14.10
Period End. Feb. 26—
on
■
Cr39,182
Operating taxes
$2,400,279
$4!77
President,
was
the
Amortization
and (b) additional
of income interest
1,772
829
stock
Federal
$2,677,288
1949 to
.
1,977
$169,348
pfd.
on
169,
Total
Provision
mortgage bonds, 3% fixed and 3% income, due Oct. 1. 1951:
interest of $15 per $1,000 bond, upon surrender of fixed
252,450
147
CrlO.374
Federal
capitalization.
present
-
Scullin Steel Co.—To Pay 3% Additional Interest—
$2,029,706
266,450
&
income
Net
Y
Operating expenses
Provision for depreciation
Properties, Inc."—V. 166, p. 2422.
$2,081,152
21,037
debt-
disc't
Operating revenues
Operating expenses
Corp.—Earnings Show Gain—
share.:
common
Mr.
Committee.
Insurance
Circle Corp.,
George Ehret Columbus
dent of the
George Ehret
Executive
$190,958
23,537
195
Uncollectible
for depreciation of $59,474), $17,112;
,
(
826,057
1,053,462
$182,706
debt
Operating
notes
reserve
Y
,
Burgess,
$9.57
Net
of George Ehret, Inc.,
Melrose St., Brooklyn, N. Y., on which $5,000,000 to $6,000,000
will be
spent on construction and new equipment.
>
'There will be no change or delay in the already announced pro¬
gram of
expansion of the Schlitz brewery in Milwaukee. It is antici¬
pated that
production of the Milwaukee brewery,
largest producer
company
193
86,400
808,872
1,050,468
j
Month of January—
$668,024
now
the
to
income
of
•
$0.29
808.
P.
i
Schenley
countries,
on
M.
with
to
influenza.
The products
179,172
Equipment
business
companion
the
antibiotic, Mr. Seskis said. Streptomycin is used for treatment of
.tuberculosis, certain urinary infections and some types of meningitis
172,471
)
J
Southern New England Telephone
$704,355
operations
manufacturers
preparations
775,108
86,400
18,474
50,000
South Carolina Electric & Gas Co.—Stock
plant
production
largest
Plating
pilot
31
common
paid on
♦Based
M.
certain penicillin products.
the
per
Dividends
begin
soon
790,970
7,200
acquis.
■
profit after charges and taxes
Earnings
Interest
Schenley Industries, Inc.—Unit To Make Streptomycin
.—Cuts Penicillin Prices-—
65,871
7,200
plant
Balance
—V.
$736,499
18,752
93,751
-share
$4,180,953;
Calendar Years—
Net
Gross
"Subject to final audit.—V. 168, p. 2013.
72.916
depreciation..
deductions
Fed.
$22,394,000 $16,573,000
tax__
4,405,850
Dividends
1947
*1948
$9,176,584
4,593,172
'
Provision
YVyY;
Twelve Months Ended Dec. 31—•'
Sales
income
Y.
Shelter Manufacturing
Taxes
after Federal
579,832
$704,355; total, $28,176,697.—V. 168, p. 2547.
Co.,
Sangamo Electric Co.—Earnings—
Net income
$156,667
Emett
in
partner
a
Other
13,743
•
$9,411,036
465,194
long-term
on
1949—12Mos.—1948
$908,396
104,444
by office building and land, $86,301; 3%% subordinated sinking fund
note, due. Jan. 1, 1963, $2,000,000; 5% preferred stock (par value
$25),
$1,500,000; common stock (par value $21, $1,500,000; earned
surplus,
Angeles
KTTV
1949—Month—1948
expense
LIABILITIES—Notes payable (unsecured), $18,930,000; dividends pay¬
able (paid Jan. I,
1949), $18,752; accounts payable, accrued taxes, etc.,
$453,991; dealers', participating loss reserves, $962,219; reserve for credit
losses, $275,000; deferred income, $1,746,079; mortgage payable, secured
1941
Vice-President and
and Chandler, in¬
surance
brokers, a director of the Associated Press, a director of
Farmers & Merchants Bank, Los Angeles, a director of the Atchison,
Topeka & Santa Fe Ry.
Co., a director of Yosemite Park, Curry Co.,
a director of
Dresser Industries, Inc., and a trustee of The University
of Southern California and
of the California Institute of Technology,
—v. 169. p. 1012.;
/.
4
;
•
Y;
director of
a
Dec.
common
Sales
President
and
1.06
412,865
taxes
Amort.
total, $28,176,697.
of the Navy from July,
1945.
now
"Times,"
Secretary of the Navy for Air from
as
surplus,
per
common
of
20,865
158,571
stock_________
furniture and fixtures
•yY'YY
Time, Inc., a director of Union
Pacific RR.
Co., a director of Boeing Airplane Co., a director of
Hodges Research & Development Co., a director of American Superpower
Corp., and a director of North British & Mercantile Insurance Co.
now
trust
$816,858
preferred stock
on
director of
and Cali¬
a
Co.,
Co.
Int.
304,816
___^
_
on
as
Wilbur Ellis
of
Ltd.,
San
Fulton
Co.,
Insurance
who
director
Bros.
Bank
Insurance
Pacific
Selby,
L.
President and
now
$0.98
$848,159
of
Gross
1947
295,561
receivable, $23,722,829; accounts
receivable, $2,193; repossessed automobiles, etc., $33,742; cash surrender
value of insurance,
$33,863; prepaid interest, insurance, etc., $83,159;
automobiles used in
business, at depreciated amounts, $16,544; office
building and land (less reserve for amortization of $33,699), $86,302;
2,240
Y''&37}Y Y'
for
Amort,
$875,231
579,002
ASSETS—Cash,
(end
To Increase Directorate—
seven,
period..
CONSOLIDATED BALANCE SHEET, DEC. 31, 1948
'$
1
.
1948
431,984
$237,856
_;
Earnings
•
Stores in
<■
of
1
Federal income taxes
360,786
Dividends
92,482,377 173,759,141 182,242,264
5,964,055
13,304,196
11,815,758
86,907,604
Canada—
in
Prov.
$
$1,210,062
expenses
Dividends
Feb. 26, '49 Feb. 28, '48 Feb. 26, '49 Feb. 28, '48
Yv';
31—
income
—8 Weeks Ended——-
7 V *•<$
Dec.
& carrying charges, etc.
Previous surplus
Safeway Stores, Inc.—Domestic Operations Decline—
•
4.094,675
expenses—
revenue
Net
14,111
148,318
Ended
operating
Balance
j
$
Contrib. to employees'
profit shar. pension
Provision for Federal income taxes
$988,944
income.
Months
General
1118.
p.
$
costs, insur. costs, & prov. for credit losses
$974,833
income
169,
Cr54,832
subsidiaries
stock:
common
adjustments
Earned disc., int., insur.
Int.
210,407
income
$757,1.94
gross
of
$11,724,809
on
Operating
Securities Acceptance Corp. (& Subs.)—Earnings—
36,260
Y $733,101
operating
income
from
stock
income
Gross
138,944,096
1949—12 Mos.—1948
169, p. 209.
Three
'
$1,185,240
income
Gross
7,789,191
expense
Cr86,662
preferred
on
share
General
:
Nonoperating
subsidiaries
discount, prem., and
Period Ended Jan. 31—
139,213,105 156,678,603 2,400,353,880 2,112,471,127
—V.
$1,148,980
29,572
Net railway operating income.
,
debt
Southern Indiana Gas & Electric Co.- -Earnings—
*
161,542
income.
railway
$
Sales
68,988
$1,005,729
from
1949—Month—1948
$
595,415
1948
128,340,018
Period End. Jan. 31—
$1,974,925
$976,157
Deductions
1949
:.Y.."-1 y'YY$
2,977,416
120,003
operating
February—
„
399,686
taxes
railway
Other
of
11,011,667 average shares
169, p. 949.
•
'
$1,613,803
•Other
Month of
1948
$5,064,092
/
taxesY;—
city
county, and
Federal income taxes
$23,467,180
__
long-term debt of
Sears, Roebuck &
Co.—February Sales Declined 8.3%
*
*■,
Railway1 operating revenues.-.;—_—
:
Railway operating^ expenses.., __Y__-_______
State,
9,737,130
._
—V.
Southwestern Ry.—Earnings—
Month of January—
.
12,020,000 shares close
$305,563,759.—V. 169, p. 1118.
St. Louis
2,543,989
10,463,832
taxes
deductions
Dividends
25,000,000
$6,697,364 $18,137,843 $16,251,044
_—.
10,827,445
income
on
Amortization
Per
profit
168,
4,810,000
60,952,157
depreciation^
income
Interest
1948
Other
Tn^g cbarges
for
1949
$117,991,735
taxes
Federal
oper-
income and excess
profits taxes
—V.
1949—6 Mos
.
JAN. 31,
Y
Amortization of plant acquisition adjustments
General
(Joseph E.) Seagram & Sons, Inc. (&
Subs.)—Earnings
PeriodEnd. Jan. 31—.
$1
ENDEiD
;
expenses
Provision
w
26
counts
revenue
Operating
29' 1949- sha11 carry fixcd interest coupon
maturing on Oct. 1, 1949, and income interest
coupon No
13
maturing on April l, 1950.—V.
168, p. 1404.
16)
page
&
1949
Investment News
;
COMMERCIAL
The company
of
1948
and
terments
program.
months
and bet¬
presently anticipates that during the last three
the
year
to plant will
1949 gross expenditures for additions
aggregate approximately $4,530,000.
funds required for the above-,
general sources:
(a) $750,000
and inventories on hand at
Sept
30
1948; (b) $468,917 from special deposit on hand at Sept,
30
1948.
(Subsequent to such date
the company withdrew from
special deposit with
the trustee under the indenture securing its
bonds" the sum of $468,917, certifying, pursuant to indenture pro¬
cedure,
the completion of an appropriate amount of net bondable
property additions); (c) $3,000,000 from the issuance of funded debt.
(On
Dec.
10,
1948,
the company consummated loans
aggregating
$1,500,000 from certain banks, due on or before June 10, 1950, and
bearing interest at the rate of 3V2"!o per annum.
On Jan. 31, 1949,
the
company
issued and sold $1,500,000 additional first mortgage
sinking bonds, 3% series due 1965, at an effective interest rate of
31/4%
per annum.
Out of the proceeds from the issuance and sale
of such bonds,
$1,032,786 was deposited with the trustee under the
indenture secuing said bonds for subsequent withdrawal by the com¬
pany upon certification, pursuant to indenture procedure, of the com¬
pletion of net bondable property additions in appropriate amounts; (d)
an
undetermined amount from the proceeds of the common stock now
offered
pursuant to the subscription
rights, hereby; and (e) the
The
company
mentioned
from
balance
derived
to
the
15
to
obtain
the extent necessary,
from
preciation,
estimated
expects
the
from the following
capital
including cash
program
working
earnings
depletion
there
months'
will
and
and
from which sources it Js
available for capital expenditures during
question at least $311,083.
become
period in
from
treasury funds of the company
funds provided by reserves for de¬
from
amrrtization,
I
v
56
CAPITALIZATION
GIVING
EFFECT
due
sinking fund bonds, 37c
Dec.
1965_
1,
Cumulative
series
stock
"Should
27,000 shs.
25,000 shs.
$1)
accounts
Miscellaneous
securities,
the proposed
27,000 shs.
25,000 shs,
+1,181,723 shs.
1,500,000 shs.
—-
Land
capitalization
of
unlimited
tThe number of
Deferred
loans
bearing
and
interest
$1,500,000
sold
3%
due
series
(2)
Accrued
outstanding at any time under
bonds may be issued
Capital
indenture.
1948;
—V.
which
of
$140,000
balance
the
subsidiary
COMPANY—The
Is
tribution
bonds,
of
the
and
of
sale
Mexico,
months
12
such
from
date
and
and
the
in
incident
of
town
crude
of
and
certain
small
in
towns
in
of
sale
and
produces and
Mexico,
New
engaged
is
distribution
the
to
Lovington,
oil,
additional
shares.
voted
15
the
of
sale
4,934,207
were
Chairman
Jr.,
natural
gas.—V.
authorized
with
stock
the
$2
will
169,
explained,
for
March
on
140,000
shares
share.
per
York Stock
Exchange on March
1118.
of
filed
7
11
income
will
after
used
be
all
Seattle Ry.
:
stock
of
(par
The
,
issue
•2.39625%.
Competing
Bros.
*non
.
awarded
was
&
bids
direct#^ that'Exchange
for
the
to
•
from
the
following
cost
I road
10c),
taxes
—
of
99.83, a
certificates
the
for
freight
certificates
standard-gauge
than
$6,178,800;
locomotives;
189, p.
the
of
."_
1118.
11
'
railroad
500
box
used
to
equipment
cars;
train
passenger
be
three
cars;
and
Net
Month of
earnings
January—
Uncollectible
Earns,
per
,
Operating revenues
Operating expenses
Operating taxes
Net
Net
——
Money
invested
addition,
"In
per
Tre
a
in
1
$542,798
103,095
received
March
Operating
expenses
1949—Month—1948
revenues
1949—12 Mos.—1948
$1,231,085
539,581
468,493
116,313
84,930
1,171,054
depreciation—
than
87,636
1,092,470
935,572
'+■
in-
taxes)
come
w
7,400
dividend
(16,683
15
declared
shares)
dividend of
a
1
holders
to
of
paid
was
cents
15
share in
per
record .March
cash
in
June,
and
'
•'
contracts
116,855
$15,744,366 $13,094,162
6.055,534
5,020,615
98,437
1,210,033
—■
*
the stockholders
approved
per
The
15.
t'2 Va 7c
Other
notes
Of
debt
83,189,654
155,132,42]
145,227,326
487,204,696
11,355,12c
)
.
$6,081,730
(less
$4,809,222
96,953,262
..
82,695,939
10,679,021
6,120,311
10,332,004
10,095,755
60,000,009
80,000,009
60,000,000
80,000,000
texas Pipe Line Co._
The
long-term
deposits)
related
22,100,000
special
2,108,610
_^____
SRes. for benefits under
employees' plans
Reserves for foreign exchange fluctuations
Reserves for contingencies—
2,790,486
7,909,662
9,188,845
1,930,067
.1,950,574
T. 25,000,000
25,000]000
338,527,409
121,997,933
370,112,561
Capital stock
344,940,600
133,103,357
Earned surplus
475,955,448
Total
$1,277,093,761 $1,111,289,026
"After
for
reserves
depreciation, amortization and depletion of $611,519,445 in 1948 and $568,237,653 in 1947. c fAfter
deducting $45,000,000
U. S. Treasury obligations held for
payment-of taxes in 1948 ($30,000,000 in 1947),
{Payable to banks.
^Excluding $1,590,000 in 1948 and
„
$1,500,000 in 1947 included in
current
Texas Electric Service
Period End. Dec. 31—
on
Oper.
taxes
Net oper.
share
/___
deducts
liabilities.—V.
169, p. 334.
Co.—Earnings—
1943—Month—1947,
revenues™—
rev.
Federal
$1,694,129
1948—12 Mos.—1947
$1,480,763 $19,659,133 $16,781,735
revs.—
1,109,298 '
990,684
4,894,278
115,232
150,702
2,474,110
2,131,735
$469,599
_____
Other income
$339,377
$5,095,745
$4,191,409
18,025
10,458,591
555
80
24,681
$470,154
$339,457
$5,120,426
$4,209,434
79,881
Gross
common
5 7c
and
last year,
increased
W.
Miller,
from
65,693
996,377
"•'; 847,614
$273,764
$4,124,049
$3,361,020
+
Int.
and
other
deducts.
Howard
Bucher,
III,
L.
Miller
A.
Net
income
Preferred
$390,273
dividend
requirements
the
375,678
has
elected
been
with
remains
the
Secretary.—V.
168,
elected
Treasurer,
company
Assistant
$2,986,142
period
succeeding J. P.
Carl McFarlin,
—v.
169,
p.
12.
.
Secretary.
as
Vice-President, and Eugene Russell
as
Texas Power & Light
1626.
p.
375,678
$3,748,371
for
and
Balance
Campbell
been
income
the
increase
500,000 shares, par $5.
members by the
eleven
to
seven
to
proposal
a
stock from 250,000 shares to
was
Operating
revenues—™
Oper. exps. and deducts.
Federal taxes
Co.—Earnings—
1948—12
1948—Month—1947
Mos.—1947
$1,742,238 $22,390,823
$20,109,16<
1,094,198
237,296
1 3,583,482
2,789,022
12,425,044
$410,744
$1,861,038
1,160,727
144,095
$5,199,701
11,667
2,484,42_
was
pany's annual statement to its
Net
oper.
Other
than 100,000 share¬
more
holders made public March 15 by W. S. S. Rodgers, Chair¬
of the Board, and Harry T. Klein, President.
1,028,732
1947
$108,535,08]
120,644,71c
$1,277,093,761 $1,111,289,026
debentures, due May 15, 1965
2%% debentures, due June
1, 1971
,
31
158,911,691
623,009,802
V
13,969,400
payable
(net)
•
;___
reserve)
____.
or
$166,532 295
81,593,000
92,240,762
194,823,309
37c
6,600
$165,980,980, or $12.03 per share, after deduct¬
ing all charges, which compares with 1947 earnings of
$106,312,617, or $7.90 per share, according to the com¬
895,005
94,880
Maintenance
(other
15,
who
iaries
$1,452,394
__—
cost_
nairt
1,150
(The) Texas Co.—Earnings at All-Time High in 1948—
Consolidated 1948 net profit of this company and subsid¬
'
for
advances
Period End. Dec. 31—
(Operating
Prov.
2,066r525
1,400
8,300
stock
cents
John
W.
has
p. 808.
Period End. Jan. 31—
Taxes;
2,559,486
1,500
were
1948
payable and accrued liabilities—
tProvision for Federal income taxes™.:
Div. payable Jan. 3, 1949 and
Jan. 2, 1948
McFarlin, Jr.
John
Jr.,
925,598
•
and
LIABILITIES— '
Notes
in November.
common
of
Beattie,
$1,263,361
20
directorate
addition
Carl
April
stock
common
The
Southwestern Public Service Co.—Earnings—
.
2,957,463
stock, payable May 16 to holders of record May 2, 1949,
dividend of 10 cents per share on the preferred
payable
Assistant
—V. 169,
,
408,000
$7,90
taxes
the usual quarterly
On
66,180
1,945,911
operating income—
charges™
at
j
Operating
the common
stock
1948
14,286,274
aftsr
1,785,000
employee
57c
>$1.24
$2.70
94,097
r
1,377,000
approx
directors on March
stock,
18,289,765
S.
Total
•4.11
390,449
$4.81
"66,731
.
125,462
8.17
•
To Pay 15 Cent Common Dividend—Stock Increased—
Four New Directors and Treasurer Elected—
gondola
—1,842,602
——
;. '
515,911
125,462
oil
SHEET, DEC
;
(par value $25)__
Capital surplus
stock.
common
$20,675,165 $17,495,546
—
'
'
"Properties, plant and equipment—
charges,.
___+
1946
899,396
.14.42
1,683,830
sh. outs, at Dec. 31
com.
Employees (end of year)
estimated
82,598
BALANCE
Deferred
$9,844,763
1,024,858
125,462
-
on com.
stock (cash)——
Long-term debt (end of year)
Working capital (end of year)—
$20,757,763 $17,561,726
—
1,809,292
Dividends
diesel-electric
1949
rev,„_____
oper.
1—
preferred stock
dividends, times earned—
earnings "on common stock
Net
and
were
1948 Results—
1947
1948
on
authorized
.
$0.20
$17,562,733 $14,431,959
Preferred
on
revenues -___—
gasoline
Accounts
—
Dividends
and
Operating
Federal
$112 545 797
Investments
$0.22
provide
100
$12.03
addition, State and
Inventories
$138,444
&
sales
26,962,745
'
19,518,624
CONSOLIDATED
'
15.
p.
Calendar Years—
Southwestern Bell Telephone Co.—Earnings—
:
164,
Net
"
/
•'
share—
Govt, short-term securities,
Accts. and notes receivable
(less
$0.25
$106,312,617
40 619 469
.
operating economies
28,000,00o
$165,980,980
——
declared
ASSETS—
$0.48
551,395
45,500,000
share
U.
.
3.760,166
629,972
taxes—.
durin® 1947thC am°UUtS °f $176-851.775 duri"g I948 and
the
1947
$296,985
._
Tennessee Products & Chemical Corp.-
net interest cost of
as
2%s were:
Salo-
will
3,760,164
.
income
__
offered at
New
be
to
28-400,162
35,230,524
6.503,894
discount and
div.—336,528 shares of the capital
stock of The Texas Co. at assigned value
per
609,277,89«
21,930,679
38,384,322
38,552,814
11,585(460
charges
per
20,756,514
'
•31,810,494
taxes)
_L___™
Earnings
Vaden, Inc., Raleigh, N. C., recently made a
secondary offering of 17,000 shares of common stock (par
$1), Of the stock 7,000 shares were offered at $1.12 %
per share and 10,000 shares at $1 per share.
The issue
was oversubscribed.—V.
168, p. 2733.
Kidder, Peabody & Co., 99.61; Harriman
Lehman Brothers, 99.412. i
sale
new
less
not
cars.—V.
bid
a
with
notification
1948
and
$839,967^33=
(amortization
of
3!
1947
,'785 716 568
surrendered—:
$58
meet
to
Taylor Food Co., Raleigh, N. C.—Secondary Offering—
Griffin
Hutzler, 99.827;
iiipley & Co., Inc. and
Proceeds
on
income
costs
funded debt—
on
1949
411034^343
%.___+
for Federal
dividends
of
First
Guardian
Securities
Corp.,
development of business.
paid (per share)———:
___+_
Jacobs, President, announced that
pected.—V.
members of the underwriting group were A. G.
Becker & Co., Inc.; Otis & Co.; The Illinois Co.; McMaster Hutchinson & Co.; and Mullaney, Wells & Co.
.
/,
by moving the equipment of Standard Reamer & Tool Co.,
wholly owned subsidiary, into the plant of Modern Collet & Machine
Co.,
another subsidiary.
Further economies from this move are ex¬
Other
-
and
policy
,in
,
inR"
^ the
$1,121,920,774
exps.
a
luring $300,000 annually from April 1, 1950 to 1964, inclu¬
sive. The certificates, issued under the Philadelphia plan,
were re-offered,
subject to ICC authorization, at prices
to yield from- 1.35% to 2.55%, according to maturity.
.
used
produced
Equipment Trust
-Certificates Offered—An underwriting group headed by
Halsey, Stuart & Co. Inc. won the award March 14 of
$4,500,000 2%% serial equipment trust certificates, ma-
r
Federal
_
for
charges
share
per
L.
M.
in the bonds on March 18, 1949, unless made specifically
"cash," shall be ex-interest $45 per $1,000 bond; and that the
bonds shall continue to be dealt in "flat."—V. 169, p. 1013.
contracts
&
be
operating
nf
$819,210,821
'
Stock
the, in¬
•
letter
a
common
Underwriter,
Proceeds
Earnings
for
Spokane Portland
the
1119.
p.
Years Ended Nov. 30—
Net
of
New
selling and general
amortization
interest
Provision
Superior Tool & Die Co.—Earnings Doubled—
interest amounting to $45 per $1,000 bond will be
made on April 1, 1949, on the income mortgage 4 Ma 7c bonds, series A,
due
2013, to holders of record at the close of business on March
22, 1949.
;'"
;
■
;■ '
'
The
that
to
reserve
dividend
stock
company's
and
expense
at
volump
$1,080 886 431
income
—__—
(other than
Other
outstanding
shares
in
held
be
other
Cash
fninor
p.
company
York.
appliances,
169,
;
and
dry holes)—
Depreciation
Interest
y s
1948
interest
,
nvioii E pnces
clined
oil
industi-wfn
ACCOUNT FOR YEARS
ENDED DEC
and
In¬
fuel
hLi
from 5,QOO,000 shares
or
board,
the
of
and
a lar?e
"f ^10p"
fa
gasow
offset price
services—
operating,
Cash
Pew,
other contingencies.—V.
SEC
western
sells
gas
to
income
"Taxes
the authorized com-
increase
shares,
2,000,000
There
to
Dividends
'
Costs,
1948.
The
Spokane International RR.—Interest Payment—
Payment
Gross
Super Market Stores Corp., N. Y.—Files With SEC—
and, directly or indirectly, a "number of towns in the State
of New Mexico, including, among others, Albuquerque, Carlsbad, Clovis,
Rbswell and Santa Fe.
Company also renders water and sewer ser¬
amounts
March
on
although
declines and continued
Consequently, the prospects are that the
company
expect lower net profits in 1949."
can
and
"In
in Delaware Dec. 13, 1932,
purchase, transmission, dis¬
within the .States of Texas and
gas
by an
accordance
any
production,
Paso
of
creased
Texas
vice
$9,283,776
Pa.—Capitalization
Philadelphia,
Co.,
stockholders
J. * N.
date.
natural
El
serving
10,056,346
—
-.
that
850,525
1,466*990
1,964,433
4,541,134
:
.
Oil
7,000,000
end
its
company,
sufficient
Dividends,
1945.
p.
stock
"mon
incorporated
the
in
833,560
1,466,990
1,964,433
5,247,191
—____
—
168,
The
issued
annum;
and (c)
mortgage sinking fund
capitalization
within
such
at
taxes
State
and
fact
opinion," says the report, "a greater
be
industry
creased for Stock Dividend and Other Purposes—
1950,
10,
to Oct. 15, 1951, bearing interest at the
Company owned all other outstanding securi¬
company,
primarily
engaged
New
June
our
not
ating costs.
$460,693
$544,172
(146,699 shares, no par)___
surplus
Sun
serially
per annum.
such
of
before
or
on
per
first
above
due
was
due
was
rate of 3Va%
ties
due
"In
will
Depletion and leases
Union Production Co., had outstanding at Sept.
secured note payable in the principal amount of $440,000,
a
$9,283,776
expenses——
the
mount.
Intangible development
to
the
——
Total
1965.
to
stock
accrued
Operating surplus
(a)
company
to
year, the
to
reini™,
new nrn«w
marketing
calls attention
continued
Sales
and
Federal
Common
Southern
subsidiary,
TO,
1948,
30,
3V27c
of
rate
additional
of
addition
In
Sept.
to
the
at
10,056,346
——
i.
_:
payable
.
$1,500,000,
aggregating
91,284
518,861
1,220,835
256,675
LIABILITIES—
Accts.
retired
.through sinking fund payment $250,000 of its bonds; (b) consummated
■(bank
charges
report
about the same throughout 1948
substantially during the latter part of the
13,500
(less res. for depr. & amort.)
These companies
group.
remained
costs
J4'?!!6
13,500
91,184
845,422
1,284,599
339,844
——
for deprec. and amort.)
reserves
4,422,535
>-■
;—
the Bahrein-Caltex
CONSOLIDATED INCOME
will be reduced from the figure shown by such number of the
107,430 shares of common stock as are not sold by the company pur¬
suant to the subscription rights.
Subsequent
cost
for amortization)
reserve
Total
ing
NOTE—(1)
—
be outstanding after the proposed financ¬
to
shares
—
receivable
The
.
except that additional
with the restrictions contained in the
only in accordance
(less
Machin'y & equip,
company
bonds which may be
amount of
indenture is
the
reserve)—
(less
.
Buildings (less
of Texas Public Service Co. be effected,
merger
.
tThe
the
customers
Miscellaneous
___
(par
^outstanding
receivable,
Inventories
from
part of their earnings for exploring and
developing
erties and for new and expanded
refineries and
1947
$353,444
1,478,970
913,605
5,109,741
11,167
savings bonds and notes, redemption value
Accounts
285,335
would be significantly
increased by
(1) the assumption of an additional $3,300,000 of first
mortgage bonds; (21 the issuance of new debentures in the aggregate
principal amount of $3,679,464; and (3) the issuance of 306,622 shares
of new dividend preference convertible common stock (par $1), volun¬
tary call price $20 per share.
the
S.
60,000 shs.
$100)
(par
series
.Common
U.
$6,650,000
t
—
—
preferred stock
4V*7c
5%
series
1948
$160,584
1,498,710
701,595
,
demand deposits and currency——
Cash,
Monday, March 21,
1949
000
SHEET, DEC. 31
ASSETS—
"Outstanding
contracts payable
Instalment notes and
BALANCE
CONDENSED
FINANCING
PRESENT
TO
Authorized
1st mtge.
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(1272)
income
Gross
Int.
revs
(net)
income
and
5,449
1,054
$6,018,319
73,229
$561,665
142,528
$411,798
126,872
$6,091,548
1,668,216
$5,211,368
1,316,'553
$284,926
$4,423,332
865,050
$3,894,715
865,050
$556,216
;___
other deducts..
,
man
Net oper. .income
;
■Other
$584,763
$491,587
$6,215,272
$5,214,236
648
5,719
66,265
41,021
income
During 1948
•
Gross
,
income
Income..
$497,307
••
Balance
Earnings
applicable
per
169,
$5,255,258
.1,903,843
in
as
1947.
company
$3,831,592
cumul.
to
common
stock—
329,007
$3,444,612
$3,022,407
$2.44
non-subsidiaries.
J.,237,346
com.
shares,
share,
' >V
''1
$3,351,414
386,979
$2.78
preferred
provide for investment expenditures.
These included exploration and
development of producing properties, new and modernized refineries,
pipe lines, marketing facilities^ new tank
ships, .and investments in
mately
Present
".V"/
'
Such
$235,000,000,
obsolete
costs
and
of
expenditures
and
are
finding
worn-out
.
for
.estimated
are
reserves
than
more
amounted
$275,000,000
crude. oil
new
facilities
1948
at
of
1939
$6,092,925
Jvet
sales
Net
„_
_+___
"After dividend requirements
.
.
(L. S.)
Starrett Co.
Aaa I
and
$0.13
the class A stock.—V.
(&
and
program
168, p. 1150.
compensation
<~>t?£elfting profit
Other income
to
———
$3,959,535
2,271.235
2,190,708
656,088
536,095
187,424
—
184,244
164,234
'
$769,156
.
capital
fleet, and build
making large annual
aespite
$1,068,497
12i203
13,095
$709,453
59,929
the
new
meet
pipe lines.
expenditures
increase
$1,086,476
56,711
and
abroad,
were
at
an
record
the
increasing
demand
It will be necessary
for
for
exploring
and
to con¬
new
says
°Perati°ns
of
excess
of
118,000,000
1948 will probably
"
.
tt
o~T
S. income
Arabian
249,600
395,200
~
$439'395
$399,924
$634,565
1948,
barrels.
materially
American
p
lir,
„
P
per
'
rt——A—v—+^__
220.049
220.049
common"
in^48UISn
1948, $50,391
411
share_'_A-_—
$2.99
;$2,72.'
'
220.049
-1
bV
*
$4.32
s
in
rl1?-? and $41,597 in
a,id amortization
1947
1946
in the amount of $59,106
and
$136,945 in
1945.'.
.
;
Texasi
Oil
238,013
95,926
Prop, retire, res. approp.
Amortiz. of limited-term
161,800
91,120
140,000
542
373
5,862
3,390
$519,445
$483,539
$6,054,226
$5,257,765
4,040
653
76,615
$484,192
$6,130,841
1,668,950
$5,269.58
1,339,53
$4,441,891
$3,°30,05
taxes
taxes
'
;
"r
,
-
;
investments
Net
oper:
Other
Gross
■
(net)
income
Interest,
Net
revenues
income
__J.__
charges
etc.,
income
L
apmoxiirrntelv
approximately
nn
865,314
$523,485
147,130
;
126,396
$376,355
$357,796
Pref. stock dividend requirements for the
period
—V.
169,
p.
—_
865,050
1.014,433
1,495,000
"11,823
865,05
12.
Texas Public
Service Co.—Earnings—
Period End. Jan. 31—
Operating
and
General
taxes
that
the
Gross
269,734
10,714
17,129
2,157
19,511
17,739
225
$163,826
7,327
$207,949
20,440
$171,154
$228,390
——
income
income
deductions
13,462
118
$160,048
$214;927
62,000
83,200
$1,320,075
510,800
$98,048
$131,727
$809,275
$3,479,810
$1,438
11,105
amortiz.™
Mos.—I948
$1,005
432
16,436
™_
Deprec.
Operating
1949- -12
$3,744 ,572
$523,268
273,885
Maintenance
Co.
1949—Month—1948
$492,248
revenues
Operation
18,589
071
1,944,663
149 '602
125.967
207 014
192.629
Isis
fully utilized."
Pipe Line (also 30,%v owned
w!S?,^ S
report points out, to provide adequate
h? t6rn .?Urope and the Mediterranean area.
Jnn cfomDaiAlv received dividends, after taxes,
$7,100,000 from Arabian
suDDlies'for
n
'
ffmrrt°ftthfJrans"Arabian
10,068,216
2,521,004
245,397
Other
Income
success of the European Recovery Program,
les^'v,e.s of the Middle East be
Mos.—1948
$20,359,803
863,325
:
Other ' income
TTnriv
1949—12
1_
Federal
"r/^
y The Texas Co-. a"d the Bahrein-Caltex group
mono£
owned py Texaco, greatly increased in 1948. Texaco's
? believes that "it is in our nation's interest, as well as
275,200
DividenEkTaw""
Ernings
taxes
«
$1,818,359 $22,463,899
10,834,754
2,796,406
1,064,251
1,708,400
foroo
fn
1949—Month—1948
$1,891,435
exclud.
developing
all-time high at the close of
production totaling in
discoveries made
during
the reserves in the
future.
number of
17,979
$781,359
66,764
:
of
United States
A
$696,357
to
company expects to complete its present
expenditures to expand and modernize its refineries
investment expenditures after 1949
considerably," the report says.
Crude oil production,
refinery operations, pipe line and marine trans¬
portation were at peak levels in
1948, as were sales of Texaco products,
both In volume and
revenue.
The company's crude oil
reserves, in the
$3,807,923
employees
expansion
revenues
expenses,
direct taxes
should be reduced
1946
723,483
______
OfhP^rhnv^6
ifrserv* for U.
tteseive
Operating
n^W producin8' Pr°Pei"ties, but "total
1947
2,251,985
expenses
for
and marine
1948
7
funds
products and to further improve
quality.
By the end of this year the
$3,932,048
general
provide
Texaco
Subs.)—Earnings—
~~7—V
Selling
66,023
tinue
Six Months End. Dec. 31—
•Sfit
on
$4,507,489
462,128
$0.90
profit after charges and taxes—
per class B share
^Earnings
•,
1947
$419,137
:
Oper.
says
report.
Because depreciation, depletion and amortization
charges
based on original
costs, the amounts provided by these sources are
inadequate to replace these assets at current high cosis.
A large p&rt
of earnings,
therefore, must be reinvested to overcome this deficiency
1948
income
Period End. Jan. 31—
replacing
costs,
are
Standard Tube Co.—Sales and
Earnings Higher—
Calendar Years—
.
approxi¬
1949.
for
and
double
to
the
■
Net
Pref. stock div. requirements for the
period-
In
to
1013.
p.
$6,281,537
2,449*945
Net income .—„—
Accrued dividends on
—V.
$585,411:
_______
deductions.
the
paid cash dividends of $3 per share, the
addition, a stock dividend equal to one share for
each 40 shares held was paid on Nov.
15, 1948.
Although Texaco's 1948 earnings were at an all-time high, the state¬
ment points out, it was
necessary to retain a large part of the earnings
same
oil
'>*'i
Net .income
bef.
Fed.
income taxes
Federal
income
taxes
of
American Oil Co.' and $15,500,-
Netinoome
'fMjS'l
$696,2
Number 4787
169
Volume
1948—Month—1947
31*
Period End. Dec.
$426,174
$3,775,592
229,174
84,500
2,726,104
532,000
$72,139
12,051
$112,499
$517,488
$527,404
21,264
446,021
293,981
$84,191
$133,763
$963,509
$821,385
481,900
The
'
income—
Operating
Other income
income—
Gross
9,966
deductions (net)
Income
8,675
principally
by
for
construction
production in
has filed a registration statement with the SEC cover¬
ing employee memberships in a Contributory Savings and Stock Bonus
plan and common stock of the company to be issued to the trustees
of the plan.
•
1
Memberships in the plan are expected to be made to approximately
1 400 company employees who have completed not less than two years
service. It is not anticipated that employee contributions by all mem¬
bers of the
1949 Trust will exceed $400,000 or that the company's
contributions will exceed $80,000, or that the maximum common stock
which may be issued by the company to the 1949 Trust will exceed
60,000 shares.—V. 169, p. 1120.
has
elected
been
trustee
a
of
Illinois
on
capital
Bobbins,
wieser,
a
and
Power Co.
&
owned
bonds
and
to
stock
owned,
The
due
was
for
this
The
deciease
mortgage
offset
in
financing wiil be
used
provide part of
to
has
of
with
$3,000,000
the
$1,500,000
borrowed
both
in
sale
the
on
the
of
Construction
of
1946
and
in
york Central RR.
these stocks in 1947)
on
Interstate
on
without
railroad
because
other
accrual
1947
income
refunding,
and
Transit
interest
in
due
land
debt
Lines
Ohio
$100,000,000
of
grant 4%
in
bonds
STATEMENT
due
Union
to
maturity,
Pacific
Mial
FOR
of
Other
CALENDAR
Total
oper.
revenues-
first
10,261,534
5,635.676
17,275,660
of
.',
over
Taxes—State
Federal
&
county-
(net
jt.
Net
inc.
Louis—Output Sets New Rec¬
Inc.
oil
fr.
electricity were set during 1948 by the Union Electric
System, according to the annual report released on
Int.
'
"owned
Other
revenues
Misc.
8.486,056
7,880,228
7.538,714
146,741,604 140,262,539 144.300, i52
22,916,543
22,855,193
22.819,196
109,599.081
74,585,795
lowest
company's
hydro
production
result, net income of $10,708,000 in
than in
eight
in
1948
years
the
were
13.885,835
12,480,000
11.852,758
30,449,590
12,269,366
13,971,345
10,364,736
11,114,294
124,850
289,546
During 1947, additions to property and plant totaled nearly $23,000,1948 they totaled $25,100,000. Immediate plans call for an
expenditure
of
of
$42,000,000
tional $104,000,000
construction
new
the following four years.
in
the
additions
investment
more
than
During
common
to
$200
the
to
its
customers
in
1948,
exceeds
now
its
sold
company
finance
help
in
service
addi¬
an
14,205.801
14,410,230
12,228,794
13,947,666
Percent.
Dec,
the
in
2 and
(net)
26,540.409
16.957,218
6,621.631
2,343,818
2,913,483
„i;.
2,273,337
2,717.036
1,190,718
963,391
4,460.896
3,546,239
4,999,245
74,315,440
62,792,501
42,751,742
debt
5,946,176
7.487.771
11,384,595
13.505.867
chgs.__
1,079,672
857,234
935,544
1,166.000
Crl64,731
reserve-
.
3,981,724
3,981,724
63,472,600
52.013,745
30.230,014
30,668,555
stock-
com.
1948
and
'•/
28.55
23.40
13.60
13.80
26,674,920
stock
to
earn.
22,229,100
13,337,460
13,337,460
36.797,680
surp.
deprec.
40,974.o/o
5.450,000
29,784,645
$14,248,692
498,571
$14,351,150
$14,110,151
3,442,549
BALANCE
WW,;'
-
Amortization
Other
Net
of
18,360
:
$10,703,634
1,564,187
1.564,187
r.
premium
deductions
securities
on
of
subs.
(net)
_
income
Dividends
Dividends
„
stocks—-.-
preferred
on
on
common
stocks
,
—
8,365,900
—
DEC.
SHEET,
BALANCE
8,365,900
31
ASSETS—
Property
S
and
plant-——
Gash''
——L-
4,958,263
securities, at cost (approx. market l
Deposits for payment of divs., & other deposits
11,000,000
—
G. S. Govt,
Accounts
receivable
Materials
and
(after
supplies
(at
and
on
pfd.
3,511,878
1,580,543
——
LIABILITIES—
Preferred stock, without
assets
series—outstanding 213,597 shares
series—outstanding
40.000 shares
series—outstanding 130,000 shares
Common stock, without par value—
tCommon
t
Unearned
Earned
unadjusted
90;000.000
13,000,000
—
3'* debentures
install-
Accounts payable
Payrolls payable
544,662
8.925.005
2,924,655
2,716,204
630,831
391,047
—
-
liabilities
accrued
on debt
—
(less disc. & exp.i
by customers for construction
for deprec. & retirement of
prop.
"serves for
casualties, etc.
earned
of
prop,
& plant
391.047
666,397
668,076
749,781
769,127
2,938.874
2,838,624
1,227,673
1,197,057
66,901,239
-
;
-
-
—
1,490,437
10,821,430
331,880,417 310,994,313
'Represented by 9,782,500 shares in 1943 and 2,695,000 shares in 1947.
169,
p.
644.
1,844.464
$3,380,636
$3,076,855
509,092
491,982
419.430
$3,322,072
$3,872,618
$3,496,285
703.902
661,436
744,421
236,486
281,779
271,743
262
—
69,649
91.023
$2,389,098
———
State
and
taxes
;
——
avail,
Dividends
for
$2,381,422
$2,859,754
reserve..
1,180
1,130
1,085
stock—
$2,380,242
$2,858,624
$2,388,013
2,349,560
2,819,473
2,036.291
$30,682
$39,151
$351,722
1,566,373
1,566,374
1,566,370
$1.52
$1.83
$1.52
————
cap.
on
capital
stock
——
—
Shares of cap. stock
169,
($13.50 par)
-
share of cap. stock—
per
539.
p.
United
''D
-v
.
States
Steel
Corp.—Annual
Report—Excerpts
Irving S. Olds, together
covering the
given elsewhere in this issue.
with the income account and balance sheet
1948,
are
CONSOLIDATED
}
Calendar Years—
STATEMENT
1948
-OF
1947
$
INCOME
s
1945
1946
s
&
1,496,054,326
2,481,508.535 2.3 22.786,243
1.747,338,661
778,391,800
Employment costs:
&
sal—
Sec.
taxes
Wages
1,005.829,124
&
872.496,549
679,353,429
19,692,732
20.663,936
15,986,855
18.081,595
10,191,843
Pay. for pensions
30.402,279
9.320,897
28,975,953
672,728,198
serv.
1,013,756,603
841,915,356
539,606,301
tion cf facilities
145.986,681
114,045,483
68.739,174
1Addit l amortiz..
..—_
——
———
bought
Wear
War
—
exhaus¬
&
123.420.917"
35,584,069
includ.
costs
prov.
prior
in
amortiz.
Addit'l
above
—
Cr35.584.0G9
—
Strike costs
Cr27.626,351
——
4,858,545
2,540,618
1.586,363
2,600,883
2,394,345
2,507,729
4.777,135
3,500,653
49,887,902
36,825,367
<Cr)
debt
and
local
45,197,381
37,070,774
109,000,000
91.000,000
32,000,000
30.000,000
2,351,880,690
1.095,688,095
1,407,441,851
1,689,323,605
129,627,845
127,098,148
88,622,475
58,015,050
25,219,677
misc.
Est.
25,219,677
25.219.677
25.219,677
stk.
52,219,512
45,692,073
34,813,008
34,813,008
surplus
52,188,656
56,186,398
28.589,790
$2,017,628
$12.00
$11.70
$7.23
taxes
Federal
—
taxes
Income—--
on
Total
costs—_
Income
pfd
cum.
on
stock
com.
on
5,526,341
4,323,822
307
222
2,029,442
———
402,581,587
---------—
39,584,547
2,194,173
"367,122,597
39,584,547
1,187,405,051
JBalance
liabilities
of
1,155,240,072
Total
'
,
value
tpar
of
Union
Pacific
RR.
Co.
capital
stock
outstanding
+Due
years
Co.
stock-
hands of the public, and Oregon-Washington
capital stock/ owned by directors.
RR.
intercompany items,
RR. and St. Joseph & Grand
companies arc not included. The
difference between the par and face value of such securities as carried
on
the books of the issuing companies (less unextinguished discount
on
the bonds and discount charged to earned surplus—unappropriated
but
added
back in consolidating the accounts)
and the amounts at
which the securities are carried on the books of the owning companies
is set up here to balance.—V. 169, p. 1120.
of
ending
to
emergency,
JDeficit,^—V.
169,
p.
less
706.
$3.77
Federal
associated
Utah Power & Light Co.—Registers
income
tax
With SEC—
March 15 filed a registration statement with the
SEC proposing the sale at compet.tive bidding of 63,000,000 of first
mortgage bonds, due 1979.
The
company.
.
•
proceeds of the financing will be
applied to any of the
company's corporate purposes, including capital expenditures for con¬
struction. The 1949-1951
construction of the company and its sub¬
sidiaries is estimated at. 642.150.000. The comn^nv contemplates the
issuance and
sale of capital stock and, if necessary, not to exceed
$3,000,000 of additional
bonds, to finance the balance of its 1943
construction program^—V. 169, p. 1014,
Net
Foods Corp.
Vacuum
Sells 110,000 Common Shares
—
Privately—The corporation, it was announced March 14
has sold privately to a group of investors, 110,000 shares
of common stock at $10 a share.
Proceeds
were
The
Bankers
with
$1,100,000 of demand
repayment of
to
Associates, Inc.
notes
^
it was also announced has entered into an agreement
Trust Co. which makes availab e a 5',r
term loan ot
company,
$1,500,000
balance sheet excludes all
applied
by Onnge Concentrates
held
per
Navigation
share
per
common
in
was $222,291,000 common and $99,543,100 preferred (each
share on Dec. 31, 1948 and $100 per share on Dec. 31, 1947);
the balance represents St. Joseph & Grahd Island Ry. Co. common and
both
Balance
Earns,
+As
this" consolidated
securities of
Island
Ry.
on
or
before June
United
Van llaalte Co.,
the Los Angeles & Salt Lake
owned
by
other
system
30.—V.
169, p. 846.
,
Air Lines, Inc.
—
$24,707,814
sharing,
Number
Earned
—V.
taxes,
of
per
168.
p.
etc., charges-
common
on
no
shares-
—
common .share-——t—
387,948
1,946,699
387.948
1,570,86-1
258,63:»
$5.48
$5.02
$6.07
2,124,736
2331,
par
Feb.
Listing
15,
Curb Exchange
capital stock of the company was
Curb Exchange at the opening
the New "York
17.
1946
$21,257,249 $15,583,823
profit
deprec.,
Vanadium-Alloys Steel Co.—On
The
Feb¬
below
sales.
after
income
Net
1947
1948
'
Sales
February Passenger Mileage
corporation flew 76,306,000 revenue passenger miles in
ruary
26j/2%* above
the same month last year but 41/2^
January, according to Harold Crary,. Vice-President, traffic and
This
Inc.—Earnings-
calendar Years—
Exceeds Year Ago—Total
1,175.999
70,250,907
1,447,141
12,307,276
■
——
—
"48.445
28.522.352
through inc. and surp.
surplus—unappropriated
Earned
preferred stocks in
752,293
.
,
270,678
28,522.352
against possible refunds on <U, S.
shipments
———
&
416,414
___
_
es.
surplus
——
reserves——
1.000.000
5,299,221
—
_■
declared
amort, premium
betterments.-
and
3.546,710
"
accrued—
interest accrued
ontrib.
credits
500,000
c>ther
8,757,017
surplus——————
2,654,210
—
8,041,593
15.838,605
8,547,389
fund
$50
25,000,000
due 1968
—:
2%
bank notes payable-in
ments to Dec. 31, 1951—
——
r
43,716,186
7,974,487
Government
90,000,000
13.000,000
and
44,086,708
surplus—appropriated:
"Restated.
1975—
current
—
i---.-—--—
1,344,496
due
!
.
$2,812,980
Income approp. to spec. fd.
12.634,382
50,075,243
insurance
fire
for
Funded debt retired
62,500,000
1,344,496
1971——————
customers' deposits
10,387,507
54,070,855
16,810,283
liabilities
301,958
4,000,000
1946
$1,630,524
1,446,331
income-—_
income
adjustment.
proximo)
second
liabilities..-———
current
Deferred
254,259
65,000,000
stock-——
unsecured
Dther
Net
unpaid (incl. dividend on
payable
accrued
5,257,371
13,000,000
1947
$1,536,172
$1,636,981
596,475
(inch interest due
unpaid
——__
stock
common
Other
21,359,700
222,302,500
99,591.581
240,710,232
11,180,099
222,302,500
99.591,581
-
237,508.750
Dividends matured
310,994,313
W
companies-—
matured
Reserve
due
Dividends
——- -
proximo)
Other
4,000,000
1,492,633
1,187,405,051 1.155,240,072
401,906
——
stock
affiliated
first
1,000.030
series
ederal income taxes
taxes accrued
L
debt
to
5.831,031
series
2
43,312,877
*7,208,329
stock
Preferred
Funded
Taxes
13,000,000
—
2439.
;
owned
—
expenses
Divs,
mortgage and collateral trust bonds—
3%%
r
preferred
.————
—y,———
—„——
527,409
21,359,700
r
p.
LIABILITIES—
value—
$3.50
on
secur.)—_
Govt,
Reserve
53,70
rirst
S.
(net)—
Sinking
par
1948
;r; —
t
majority
Fed.
for
Divs.
Total
301,958
S4.50
Premium
(U.
„;
debits
Unadjusted
4,228,155
331,880,417
—
168,
3,607,721
invests.
Additions
Total'
$1,562,016
Prov.
State,
$
$
48,492,763
380.829
stock
$1,903,243
35 940,296
5,920.211
—
expense
.•
47,350,048
521,576
cost or less)
—
selling
<
41,592,666
road; equipt., etc.
and supplies-———,——
•;current assets—
—_—w—
4,601,948
reserves)average
Deferred charges
Commission
$
$959,998
long-term
Material
1947
1
$839,328
—
42,479
Int. costs, etc., on
1947
1948
Other
04,195,632 293,594.130
-
W": ' '
SHEET
.; /■/:/
96,302,250
in
cash
Interest
1948
803,100
income
Other
86,640,024
Due
CONSOLIDATED
Govern-
926.091,531
117,935
$10,708,241
_
(net)
1,046,500
Ordinary
42,752.830
S.
973,812,775
32,917,117
Deferred
Gross income
Interest charges
488,300
years:
,
Investments
182,000
(net)
26,275
458.800
for
13.373,932
3.106,582
182,000
*.
$13,611,580
102,458
revenues
revenues
17.331,095
16,892,554
6,460,561
GENERAL
ASSETS—
Temp,
operating
14,148
Other deductions
WWW;/ V/W-.v--
■
5.867,142
Net
38.419
above
o*,21b,8y5
4.655,000
6,526,476
4,254
deducting miscellaneous deductions.—V.
Total
&
charges:
1947
depreciationi—_
38,453
Products
5,930.612
4,795.776
Maint. of equipment —
12.456.541
10.253,351
9,431,381
tReleased from "reserve against possible refunds on U.
ment shipments.
"w
v'v-' /■'/"
$66,404,243 $59,145,617
Provision for Federal and State income taxes—
Provision for depreciation——————
Nonoperating
34,650,279
val. outstd.
—
amort,
or
program.
;.:.v
34,211,738
3.981,724
Maint, of way & struct.
debentures
561,167
23,407
Crl,547,973 Cr3,780,135 Crl,618.699
55.995,469
"Including
company's
$317,000,000,
$2,942,487
660,915
18,622
47,703,447
—
3,981.724
com.
1949—6 Mos.—1948
$3,634,962
310,811
from the remarks of Chairman
2,124.657
—
par
-Earnings—
324,047
Interest and other
4,233,694'
67,454.324
31
(<$ Subs.)
1949—3 Mos.—1948
Calendar Years—
6,172,238
2,711,351
sources
on
$2.18
2734.
Dividend income—
—V.
owned—
from
Transf.
an
CONSOLIDATED INCOME STATEMENT FOR CALENDAR YEARS
.Total operating revenues
Operating expenses (excluding
Divs.
497,506
$2,58
31.107.553
new
area.
$80,000,000
construction
the
and
at Venice No.
plant
and
property
inhabitant
the
year,
stock
to
serve
each
for
1949
This includes two
80,000-kilowatt generators now in construction
110,000-kilowatt generator on order.1
total
in
497,506
—„——
168,-p.
Income—
Soc.
000, and in
share
B
Balance
26,953,352
and
for
$1,280,188
969,018
more
Surp.
250,000
$1,475,000
account———
$1,744,096
Balance
pfd. stk. of co.
on
$1,530,188
250.000
60,600,000
36,757.231
inc. fr. all
Net
■
Divs.
only $5,000
was
$1,725,000
$1,636,543
Prod. & serv. sold
1947.
With
Net
129,591,288
other
and
primary factors responsible for increased expenses.
a
TReleased
1948 went up also. Higher wage rates, higher
materials, the expanded volume of business,
in
expenses
fuel
surplus
companies
41,975,632
funded
rents
to
"Misc. income (net CDFederal income taxes—
117,834.077
—1
on
932,000
opcrations-
dividends
trans¬
income
Interest
reached
exceeding 1947 by $7,260,000.
Operating
the
Union Electric history—and operating
in
1947
$2,462,188
and deprec.—
Deple(ion
year
the greatest
As
from
Other
and notes
income
Total
for the year totaled 5,062,000,000 kilowatt hours—
of
1,000,000
facilities—
of
United Electric Coal Cos.
8,642,900
83,221
opers.
bonds
ton
mail
decrease
22,518,361
14,971,732
—
storks
on
on
air
a
$2,725,000
—
outstanding——
class
per
6,420,631
March 12.
Power generation
shares
18,453,122
10,103.238
from
tax_
—
Pericd End. Jan. 31—
&
portation operations
Divs.
and
B
Profit
rents
charge)
but
"1948
year
"Preliminary.— V,
Subsidiaries,
,34,840,293
facil.
810.000
1948,
705.
Corp.—Earnings—
replacement
transferred
Earnings
Income
ord—New all-time records in the production and sale of
prices for
Class
the
for
for
8,800.412
69,235,049
Federal
&
and
a
from
from
69,794,445
116,179,916
retirement
Other
Eqpt.
are
7,928,256
46,576,730
24,125,333
income
Fed. unemploy. ins.
a
(Parent Company Only)
69,181,745
154,397',879
exps.-
1949;
February,
over
169, p.
but down 1%
drop of 67r
1948,
miles,
miles,
United Gas Improvement Co.—Income Statement—
53,128,675
9,333,132
Revenues
ton
January,
30lit*
!' $'
72.865,946
Transportation
Other —-—'■—.
February,
below
12'e
ton
YEARS
1
60,680,926
equipment-
Traffic
Irving Trust Co. pursuant to which it
its unsecured promissory notes. Shortly
profit
prov.
Balance
partially
437,583,132 410,053,705 361,395,534 491.877.872
Maint. of way & struc.
"Maint.
in
1950
are
expected
to
approximate
expected to be financed in part from available
reserves and earnings and in part from the sale of additional securities.
—V. 168, p. 1945.
$66,404,000,
Net
Extra
1945
$
17,252,052
———
—____
and
of
with
express
before provision for Federal income
Provision for Federal income tax—
equipment
1946
12,501,509
5,735,703
1948
increase
an
Total
Express
the funds
February,
air
United Drill & Tool
the
and
RR.
1947,
amount
$
3,623,500,
Years Ended Dec. 31—
RR.
on
rendered
services
July 1,
on
1947
$
510,000
from last January.—V.
"After
INCOME
compared
as
1949;
Interest
principal
average
rate
principally to decrease
was
totaled
unsecured
&
interest
for
month
Profit
bonds
on
of
1947
Baltimore
on
average
was
funded
on
increase
of
in
the
in
greater number
revenues—Freight 359,724,653 330.468,521 263,825,663 355.546,158
Passenger
42,369,215
46,412,313
64,767,863
96,370,042
common
Union Electric Co. of St.
both
Oper.
expenditures
and
$1,350,000,
employes
30Var*
of
miles,
3'*
principal amount of U. S. Government obli¬
■
stock, the company proposes to
sell $3,500,000 of 30-year first mortgage bonds and to apply part of
the
proceeds of such sale to
lire prepayment of the notes.
It is
expected that the balance of the proceeds ot the sale of the bonds,
together with the net proceeds of the sale of stock and other general
funds of the company, will be sufficient to complete the construction
contemplated for 1949.
•<
■■■■
t
-!•
following
gain
January,
New
decrease
principally to
interest
CONSOLIDATED
Inc.,
the
refinery
plane miles flown
February, 1948, and 3!,aCr below January this year.
In February,
United also flew 1,450,000 air freight
obligations outstanding.
required for the company's construction program, estimated to re¬
quire expenditures of $5,300,000 in 1949.
In addition
to the stock financing,
the company has arranged a
credit
The
partially offset by higher
decrease
retirement
($10 par).
of
Proceeds
declared
dividends
1948
Co.,
and
charges against the Pacific Fruit Express Co.
and privileges granted to it.
and The First Boston Corp. are named as the
principal underwriters. The offering price and underwriting terms are
to be supplied by amendment.
Blyth
of
line to Salt Lake City,
products sold increased.
Was chiefly in dividends
in
on
proposing
common
oil
of
owned
stock
stocks.
'
SEC
strike
stocks
in
Co,
reduction
gations
March 16 filed a registration statement with the
the public offering of 66,000 additional shares of
company
offset
number
was substantially offset by increased
were
decrease
With SEC—
The
partially
greater
Wilmington and East Los Angeles
to
preferred
Coal
contingent interest
Registers
—
products an5
oiher
costs,
of
due
was
Revenue
maintenance of dikes to protect
against
on
dividends
by
Pacific
notes
RR.
(no
offset
Union
and
a
Electric Light
Gas
Tucson
and
dividends
Central
stock
partially
member of the New York law firm of Lindau.
Buttenwieser & Backer, is the wife of Benjamin J. Butten¬
partner in Kuhn, Loeb & Co.—V. 169, p. 384.
Buttenwieser,
Mrf.
because
operations
Rangely field in Colorado because
in
company.
.
and
development
•
& Trust CoM N. Y.—New Trustee—
Buttenwieser
L.
Helen
gas
oil,
gas
m-
latter.
Mrs.
and
Pro,ducine wells and the opening of a pipe
<r>v!' increase
^overnLer. Quantities of gas and other
The
The company
Title Guarantee
of
and
expenses
nmSfwff1 ?r' the «this decl;ease
^
Thermoid Co.—Registers With SEC—
oil
(1273)
and also, in Wilmington field in
California, by increases
taxes and
expenses for
reconditioning and redrilling
valorem
and
prices
?iS in Cahlornia decreased, due
fields £ /'if??1 oil in lhe
.
,
FINANCIAL CHRONICLE
from
drilling
maintenance
in
$694,108
ad
sale
intangible
inciease
in
income
net
higher
to
In
in
producing wells
127,278
$842,955
$125,087
increase
deciease
wells
$74,225
income—
^_V. 109, p. 12.
Net
120,554
&
RR.—Annual Report—E. Roland Harriman, Chairman of the Board, and F. W. Charske
Chair¬
man of the Executive
Committee, state in part:
2,428,427
46,300
COMMERCIAL
Union Pacific
$3,437,7^1
298,486
rev. deductions—
normal and surtax
fed.
1948—12 Mos.—1947
$416,925
Operating revenues
Ooer.
THE
of the stock
1949.—V,
169,
was
p.
admitted to dealipg>
of the market March
approved by the exchange governors on
950.
58
various
Virginia Dare Stores Corp.—Feb. Sales Up 23.7%—
for
$309,017
the
for
month
of
846.
p.
fractional
at
$3,984,976
$3,049,163
totaled, $406,076, against
1948.—V.
210.
169, p.
Virginia Electric
& Power
1949—Month—1948
1949—121 Mos.—1948
$1,772,010
$1,481,520 $16,998,735 $15,424,236
9,269,186
6,787,435
680,994
1,233,234
1,724,308
2,004,274
181,529
163,554
1,618,832
1,505,719
140,564
104,251
1,010,000
1,010,000
84,166
84,166
Operating
2,148,421
27,475,553
308,582
264,789
4,005,952
316,646
of
plant
adjustments
275,914
3,377,113
Federal
Other
3,127,516
346,201
Net
oper.
350,099
2,695,902
693,168'
3,160,470
408,873
taxes
taxes
347,234
4,084,240
3,624,213
57,764
693,168
$1,045,235
$8,562,264
Dr 2,362
Dr72,190
$901,345
$8,490,074
281,328
184,078
2,639,475
Net
and
$8,860,224
2,133,857
Net
amortization
income
Preferred
dividend
Balance
Earnings
—V.
$746,976
requirements
for
210,
pp.
1,447,355
$5,279,012
$1.80
stock—.
common
1014.
$1.43
—V.
Walthall
v
1949—2 Mos.—1948
$12,850,776 $12,685,127 $25,652,250 $25,388,005
169, p. 210.
Gas
Co.,
Tylertown,
Inc.,
Miss.—
per
proceeds
13,000
shares
of
The
be
used
to
construct
line
pipe
a
''
them
Company
permitted
natural
incorporated
was
to
construct
and
gas
stock
the
on
and
other
Oct.
24,
operate
minerals,
deal
in
1948
natural
Mississippi,
full
as
167,
,
ilo!, 4
wpe'v
.
vce* 01'
Financing
redeem
to
$10,000,000
general
morteaw
Cn
which
169,
540.
p.
'
Piunt a
y
.
pounds
154,393
with
in
51,307,350
Western Fruit
Privately—The
chasers
series
The
2178.
p.
Common Stock—
shares
43
date,
at
the
the
such
for
any
held
to
stock,
of
air
Express Carried—
express
was
carried
the
January,
1948.—V.
169,
first
period
pound
1940;
'
liei'.
p.
will
for
entitle
additional
of
fractional warrants,
resulting
fraction
of
at
-
a
to
full
The West
City
the
West
Electric Co.,
Penn
STATE AND
Power
the above
at
CITY
mentioned
issue.—V.
the
to March 1, 1964.
Thrust Co., New
Farmers
131,
York
has
been
appointed
3222.
p.
.
c
Offering—Blyth
$1.50 concession to NASD members. The issue
was
quick¬
ly oversubscribed.—V. 168, p. 2055.
by
Wisconsin Electric Power Co.—Bids for Bonds—
<
The
has
company
the
for
21
1979.—V.
purchase
169,
p.
issued invitations for bids to be received March
from it of $10,000,000 first mortgage bonds due
1053.
V
.
.
'
.
stock
receive
a
Woolworth Co.—February Sales Increased !%•
(F. W.)
of
share
'
1949—Month—1948
Period End. Feb. 28—
"
Sales
parent company, has agreed to purchase
Co.,
Bank
for
holders
1
Penn
$2,490,000
F, due from March 1, 1950
Co., Inc., March 14 made a secondary offering of 2,700
shares of common stock (no par) at $60.50 per
share, less
least- one
common
and
— Equipment
Issue Placed
has sold privately to eight pur¬
2% %
equipment trust certificates
Weyerhaeuser Timber Co.—Secondary
together
the
Express €0.
company
&
Fractional
warrants,
subsoribe
and
shares
record
of
share.
per
fractional
right
full
such
by
stock
common
other
common
for
evidenced
warrant
with
aggregate
additional
of
price of $28.50
the
stock.
common
from
in
of
be
may
each
be surrendered
subscribe
to
fractional
is
and
plants, buy and sell
appliances and carry on
gas
in
share
thereof
and
for
record
may
representing
from the
Tylertown,
supplying company's main, and a natural gas plant, in
Miss., to defray all initial and other expenses -incident thereto
for -working capital and other
purposes.
the
of
of
compared
split and
warrants
will
ii61
1949, representing a 24% increase o',*r the same
last year when
124,224 pounds were transported.
Air express
miles
flown
jumped 11%, with 57,037,306 flown in January
Bankers
to
common
at
common
share.
net
to
month
Trust Co., New York, N. Y. has been appointed agent
subscriptions to common stock upon exercise of warrants
combine the bearer warrants during the subscription
period March 15 through April 7, 1949.
The company recently offered to holders of its common stock, other
than
its
parent
companies, of record at the close of business on
March 11, 1949, the right to subscribe for an aggregate of 3,816 shares
of the additional common stock, at the rate of one share of additional
and two shares of common at
In addition Jas. H. Blackburn, Dr. Walter
Crawford and Mrs. Camille Ball Blackburn, all of
$2.50
of
total
A
accept
and
unit.
Tylertown, subscribed
p
(of which $7,000 owned by Consolidated
Edison
will guarantee the new issue and for
2004
York, Inc.,
construction.—V.
the cost
and its
additions
unappropriated earnings.—V.
The
to
of one share of preferred
W.
210,000
financing are to be used to defray part of
and betterments of the company
the
West Penn Power Co.—Rights to
Stocks
per
169,
filed a petition with the New York
p
«s
to issue $12,000,000 of 30-year
moi'teaon
be used
would
Proceeds
trustee
Offered—T. J. Feibleman & Co., New Orleans,
recently offered 6,500 shares of 5% preferred stock (par
$25), and 13,000 shares of common stock (par $1) in units
$30
of
construction
and
'
Natural
$3,152,056
for
bonds due
New
of
16
authority
March
company
bonds.
subsidiary, West Coast Telephone Company of California, during 1949.
These expenditures are expected to aggregate $2,000,000. The remain¬
ing funds required for completion of this program will be obtained
from cash on hand and such internal sources as depreciation accruals
Walgreen Co.—February Sales Increased 1.3%—
1949—Month—1948
also V.
169, p. 745.
Proceeds
of
.Period End. Feb. 28—
See
Westchester Lighting Co.—New
4%
210,000
to buy full shar
1
(EST), on Apr'i 71£5?'
p.m.,
underwriter.
•
Sales
pfd.
to
offering
March
The
983,195
$2,529,410
$300,596
stock for period-.
$43,560
-
.
applicable
is
Co.
o'clock
3
Western Air Lines, Inc.—More Air
1,447,355
$4,403,244
—
„
89,382
to
the
Commission
$4,135,251
$3,462,404
932,994
$389,978
prior
output of the electric properties of this company for
12, 1949 totaled 114,783,000 kwh., an increase
output of 106,339,000 kwh. for the correspondino1948;—V. 169, p. 1161.
°
18,443
93,770
Electric
Penn
Power
ended
over
$4,116,808
85,995
$137,330
—;
income
$3,376,409
511
.
West
warrants
price of $1.38 pel"full share warrant.
a
Weekly Output Increased 7.93%—
West Coast Telephone Co.—Registers With SEC—
The
company,
March 11 filed a registration statement with the
SEC proposing the public offering of 35,000 shares of common stock
($20 par).. The offering price and underwriting terms are to be sup¬
plied by amendment. Blyth & Co., Inc., is named as the principal
$6,726,367
$5,850,599
common
share of
per
169,
$717,267
525
charges-
etc.,
Dividends
—V.
Int.
income
$389,467
$136,805
(net)-—.
income
Gross
Dr93,467
(net)
taxes
taxes_
revenue
oper.
Interest,
$8,953,691
Drl6,931
revenues-
income
$903,707
$1,028,304
Other
Net
Other
57,764
etc.,
& other taxes
Prop, retire, res. approp.
acquis.
income
income
Property
22,601,617
3,296,243
Depreciation
excl.
exps.,
Fed.
2,340,734
Maintenance
Amort,
Oper.
1949—12 Mos.—1948
$4,347,928 $50,894,192 $45,456,918
$4,824,035
revenues
Operation
Operating revenues
Co.—Earnings—
1949—Month—1948
Co.—Earnings-
Washington Water Power
Period End. Jan. 31—
Period End. Jan. 31—
The
offer.
1949
January,
the same month in
169,
all of the shares of additional common stock except thn<
for by the public stockholders pursuant to
the suWrw,
scribed
$338,333
$418,578
Sales
1949—7 Mos.—1948
1949—Month—1948
Bales
in
plant
gas
price,
It holds a franchise to build and operate
Tylertown, Miss., to run for 25 years.
V.
activities.
other
natural
a
Period End. Feb. 28—
Monday, March 21, 1949
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(1274)
—V.
subscription
169, p.
1949—2 Mos.—1948
$40,617,167 $40,223,692 $79,212,503
——
$80,454,655^
1162. '
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
1
ARIZONA
Decatur, Ala.
Bond
lic
Sale—The
$90,000
improvement, Series
offered March
*—were
land
14—v.
awarded
to
Securities
pub¬
B
169,
bonds
1054
Cumber¬
the
Corp.,
p.
of
Nash¬
ville, Trust
Co. of Georgia, and
George M. Wood & Co., of Mont¬
gomery, jointly, as 2V4s, at a price
of 100.34, a basis of about
2.18%.
Dated Nov. 1, 1948.
-
Due
Nov.
on
1 from 1949 to 1958 inclusive. The
second
highest bidder
was
Berney
Perry & Co., and Hugo Marx &
Co., jointly, for 2y4s, at a price of
100.26,
Bond Resolution Amended
connection
award
March
March
on
22
In
—
scheduled
of
$7,350,000
bonds, previously referred to in v.
169, p. 951 and 1054, we learn from
Refsnes, Ely, Beck & Co., of Phoe¬
nix, the city's fiscal agents, that
he City Council, under date of
March
15,
passed
Resolution
No.
9033, amending sub-section (e) of
Section
8
of Resolution
No.
The latter
was
adopted in
tion
the
issue- of
with
water works
revenue
8998.
connec¬
$3,500,000
Bond
14—v.
15—v
169,
to a group composed of
R. S. Dickson &
Co., of Charlotte,
has
Dated
23/4s, at a price of
basis of about 2.70%.
as
March
March 1
from
The
1,
1949.
1950 to
second
Due
of
The bonds
to
of
appointed
New
York
Womeldorfl'
ond
Bond
p.
bonds
as
as
nues
herein
the
Water
Works
described
$440,-
authorized
awarded
ways
v.
169,
p.
previously noted
1162—were
sold
are
sive.
for
4s
1 from
Second
was
1952 to
high
made
by J.
ford & Co.
of
C.
lien
a
to
the
be
and
payment
of
issued
shall
on
the
Water
taking
acquired,
completed
1
to
1965
high bid
of
from the proceeds
said additional bonds."
1
March
15—
169, p. 1054—were awarded to
syndicate headed by the Bank
of
about
1.9499%,
as
follows:
as
Due
March
on
from
1955
Due
to
3,000,000 2s.
from
20,000
v.
500,000 lV2s.
101.59
1969.
the William R.
to
inclusive.
March
on
Due
1
inclusive.
1968
on
March
1,
.
.
of
March
169, p. 1162—were
as
the
1,
bonds
are
Associated
1949.
dated
with
the Bank of America N. T. & S. A.
in the
financing are: Blyth & Co.,
Inc.; the First Boston Corpora¬
tion; R. H. Moulton & Co.; Securi¬
ty-First National Bank of Los
Bruce
as
from
13/4s.
1950
2s.
Due
to
Due
1966 to
on
1965
on
1969
April 15
inclusive.
April
1
inclusive.
J.
&
Barth
&
Co.;
for the
purchase of
Due $2,000
May 1 from 1950 to 1971
on
sive. Principal and
payable at the County
office.
Treasurer's
check for
certified
A
ing
169,
Dean
Second
High
Bid
—
high bid for the bonds
by
a
The
was
City), Calif.
$59,000
Sale—The
Lake
next
made
syndicate headed by Halsey,
Inc., offering a price
Stuart & Co.
reflecting a ne
about
2.74 ft.
Dated
March
1,
1949. Due on
March 1 from 1950 to 1974 lnclusive. The second highest bidd
was
the Bank of America Na¬
tional Trust & Savings Assod tion, San Francisco, on a bid 1 fleeting a net interest cost of ab
on
interest
a
bid
cost
of
2.74%.
(City
Francisco
San
County of),
Bond
and
Calif.
Sale-The
$7,000,000
1948
March 14—v. 169, P-
school.
Series
A,
awarded to a
syndicateic
Dick
Merle-Smith,
&
of
1
$2,500,000 4s, $3,500,000 l^fes, and
$4,000,000
Chas.
000 water of 1949 coupon bonds
cost
Wo.
& Co., 'Carl M.
Rhoades & Co., R. L. Day
of
100.057
of
for
2s,
a
at
about
combination
of
interes
1.987%.
Other
a
net
•
Peabody & J
Goldman,
Sachs & Co., A
•
Allyn & Co., all of New York,
Central Republic Co., of Chi
8
posed of Kidder,
sealed bids until 2 p.m. (PST) on
March 25 for the purchase of
$20,-
or
build¬
offered March 15—v.
p.
846—were
awarded to
Witter & Co., of San Fran¬
cisco,
were
Salt
Dist.,
(P. O.
bonds
fered
of
Mateo County
Redwood
Bank
Co.
Board of
Elementary Sch.
Pescadero
Co.;
Trust
5%
bid for,
bonds
Supervisors, is required.
Lawson, Levy &
Williams; Dean Witter & Co.; J.
A. Hogle & Co.; Stone & Youngberg; The Continental" National
&
of
amount
the
inclu¬
interest (M-N)
Cali¬
City; and Stern, Frank & Meyer.
Kelseyville County Water Works
District No. 3, Lake
County
(P. O. Lakeport), Calif.
Bond Offering—Thos. L. Gar¬
ner,
County Clerk, will receive
bids
Bond
March 1
on
1962
Due
1963
Peque-
A.
Clerk, will receive
until 10 a.m. (PST)
..
March 28
1
from 1950 to 1954 inclusive.
on
follows:
from
on
sealed
San
inclu¬
Details—The
Offering—G.
County
payable to the Chairman
All
Sale
Riverside), Calif.
Bond
ings Association, of San Francisco,
at a price of 100.00069, a net in¬
cost
;
County (P. O.
of
Angeles;
$150,000
al¬
Utility Under
constructed
made by
Riverside
of America National Trust & Sav¬
terest
,
Nuview Union School District,
Denomination $1,000.
$10,000,000
offered
ly noted in
bonds, provided
any
The
—
bonds
group
Co., Shields & Co., E. H. Rollins''
& Sons, and Eastman, Dillon & Co.
fornia Bank, Los Angeles; Heller,
.sold
Works
charge and lien
a
Angeles, Calif.
Sale
basis of about 1.80%, as previous¬
that the
so
prior, paramount charge
and paramount
the revenues of
Brad
1954
$170,000 fire protection of 1949, Se¬
ries B bonds purchased by the
American
Trust
Co.,
of
San
Francisco, at a price of 100.01, a
that
such
additiona
bonds may be secured by a
prior
99.26
1, 1947 and mature
Second
was
Bond
however,
1979 inclu¬
bid
to
Los
Bond
this
of
Bros., C. J. Devine
& Co., Blair & Co., Inc., Phelps,
Fenn & Co., Kidder, Peabody &
$44,000 not to exceed 5% interest
school bonds.
Dated May 1, 1949.
Treasurer, is required.
are
Burlingame, Calif.
con¬
subject
be
of any additional
as
bonds
the County
members
Lehman
were:
Francisco,
'
Revenues herein described, aheac
4s, at a price of 99.49, a basis of
about 4.04%.
The bonds are dated
March
1,
1949 and mature on
March
be
and
March 8 to Hugo Marx &
Co., of
in
shall
principal and interest and reserve
fund charges on the bonds herein
Trussville, Ala.
169,
San
leading
on
4,000,000 iy2s.
The
May 1
for $1,000, payable to
Son, of Santa Ana, as
price of 100.633, a basis
2.435%.
on
gnat,
$2,500,000 4V2s.
from
1
sive.
Reve¬
authorized to be issued
as
about
Dec.
follows:
sive.
Birmingham,
a
Such additional bonds in¬
sofar
been
15—v.
of
W.
dated Dec.
principal and interest and reserve
fund charges on the bon^s herein
bonds
&
2M»s, at
of
$12,000 school
March
Staats Co.
"(e)
paying
Details—The
Sale—The
1054—were awarded to G.
Bond
Herrington,
sewer
offered
Denomina¬
1949.
will be furnished to the purchaser
without charge.
A certified check
net
Calif.
additional
&
v.
bonds
1,
cipal and interest (M-N) payable
at the County Treasurer's office.
Delivery of the bonds will be
made
to
the
purchaser at the
County Treasurer's office, on or
about May 1, 1949. The approving
opinion of Orrick, Dahlquist, Neff
sec¬
2.53%.
for 3s
subordinate
revenue
& Lindsey, was
bidder, naming a
high
cost of
Existing Water System
therefor, rating equally
lien and charge
cerned
Sale
inclusive. Callable in in¬
interest,
on
or
after
1, 1952. An account com¬
posed of T. J. Raney & Sons, and
bonds which
for $2,000,000 23/4% Board
School Commissioners
capital
outlay warrants, due serially on
Sept. 15 from 1949 to 1962 inclu¬
gas
1, 1949
March 1 from 1952
March
the general
agent
Bond
dated March
on
accrued
by a lien and
the remaining revenues
of
000
March
numerical order, at par and
section shall read
Bankers
New York has
1981
verse
of the bonds herein authorized to
be issued." As amended said sub¬
County (P. O.
Mobile), Ala.
Trust Co.
offered
im¬
951—were awarded
are
and mature
secured
the
with
such
on
available
23/4s,
Mobile
The
be
charge
highest bidder
—
p.
amended
that
may
on
price of 100.01.
Paying Agent
been
ther
1959. inclu¬
J. C. Bradford & Co., for
169,
May
$1,000. Due $1,000
from 1950 to 1969 inclusive. Prin¬
$359,000
to W. R. Stephens Investment Co.,
of Little
Rock, on a bid reflecting
a net interest cost of about
2.39%.
by striking
subsection (e) of Section 8 thereof
the following: "and provided fur¬
Fox, Reusch & Co., of Cincinnati,
and Berney Perry &
Co., of Birm¬
ingham,
100.22, a
bonds
Ark.
CALIFORNIA
son, of New York, municipal at¬
torneys for the city, "to clarify
Azusa School District, Los Angeles
possible ambiguities of the origi¬
County (P. O. Los Angeles),
nal draft." The original resolution
1162—were
p.
Rock,
Sale—The
provement
part of the forthcoming sale.
amendment, it is stated, was
suggested by Wood, King & Daw¬
awarded
a
the
The
Bond Sale—The $330,000 public
improvement
bonds
offered
was
with
Dated
tion
Little
are
Gadsden, Ala.
sive.
ARKANSAS
Phoenix, Ariz.
Struthers,
New
E.
Weigold
York,
&
Mercantile
Co., a"
Trust
^
Number 4787
169
Volume
THE
Co., of Cleveland, Seasongood &
Mayer, of Cincinnati, Hill, Rich¬
Baltimore, Stranahan, Harris &
of
Toledo, Hirsch & Co.,
York, William Blair &
Co of Chicago, American Securi¬
ties Co.,
of New York, Baker,
Watts & Co., of Baltimore, Ba¬
con Whipple &■ Co., Kebbon, McCoimick & Co., both of Chicago,
Blunt Ellis Simmons, of Chicago',
Mitchum, Tulley & Co., of San
Francisco,
Hannahs,
Ballin
&
Lee, of New York, Raffensperger,
Hughes & Co., of Indianapolis,
Newhard, Cook & Co., of St.
Louis, Hayden, Miller & Co., of
Inc., of
Co.
ards &
New
0f
Co.,
&
3.000,000
ceive
sealed
(PST)
until
1
re¬
11
1,
Due
the
for
1949.
bonds.
Dated
Denomination
April
1,
$1,follows:
as
that
the
bidder
offers
interest
accrued
to
par
date
of
bonds for which the
the
and
rate
Bidders
will
bid is made,
interest
of
be
offered.
permitted to bid
different rates of interest for dif¬
ferent
maturities.
A
satisfactory
legal opinion approving the le¬
gality of the bonds will be fur¬
Bros. & Co., of
Marine Trust Co., of nished to the successful bidder
These are the
uffalo, Stroud & Co., of Philad¬ without charge.
elphia, A." G. Becker "&
Co., bonds authorized at the election
Francis I. duPont & Co., R. S: held on Feb. 15.
The bonds will
be delivered at the County Treas¬
Dickson & Co.j W. E. Hutton &
York,
Co., G.
New
H.
Walker &
National
York,
urer's
Co.,. all of
State
fied
Bank
office.
.•
Enclose
cashier's
or
certi¬
a
for
check
10%
Bramhall, Barbour &
of the par value of the bonds bid
Co., C. F. Childs & Co., both of
New York, J. S. Strauss &
Co.,
for, payable to the Board of Su¬
pervisors.
of Newark,
to
1958
1959.
interest.
r
at
onhaus
York,
Bond
&
J.
Nashville.
Dunn &
Rand
&
Co.,
of
New
Dulles
Wurts,
both
&
Co.,
of
Wood,
Minsch,
Gundy
& Co.,
Monell
(EST)
York,
Phila-
Co.,
both of
out
paid
lOO.Ol,
price
basis of about
a
6s.
as
from
Due
1950
3,140,000
to
l%s.
as
March
1
0
Hetch
eries
ate
C
f
Hetchy
bonds
:
Savings
Delivery
on
National
Naugatuck
San
rust
New
York,
Northern
Ioulton
&
National
Philadelphia
"an
Witter
both
of
Bank
FLORIDA
Philadelphia,
Co., J. Barth &
&
1
Cross,
all
of
York, Trust Co. of Georgia,
Atlanta, F. S. Smithers & Co.,
eynolds & Co.j all of New York,
aiser &
Co., of San Francisco,
Evident Savings Bank & Trust
Cincinnati, R. D. White &
°-> of
ew
Andrews'^ "Wells, both of
York, Lawson, Levy & Wil-
larns,
Stone
San
&
Youngberg,
°*>
of
Bond
bonds
a
York,
Ginther
&
and
Co.,
on
Board
of
amount
of
Public
bonds
order
bid
of
and
premium, if any,
at which the bidder
will purchase such
bonds, or (b)
above
the
lowest
which
rate
the
of
bidder
interest
will
at
purchase
such bonds at par and accrued in¬
terest to date of
delivery. The ap¬
proving opinion of Chapmaft &
Cutler, of Chicago, together with
the printed bonds, will be fur¬
nished by the District. Principal
and
interest payable at the office
of the District Treasurer or at the
Irving Trust Co., New York City.
These
the
bonds
authorized
were
election
held
Feb.
payable to the District Treasurer,
is required.
ILLINOIS
is
Jacksonville Beach, Fla.
Issue
—The
City
passed
Revenue
Bond
Certificates
on
Council
March
on
7
final reading ordinances
providing for the issuance of $1,-
ceeds
the
certificates,
revenue
which
of
will
and
be
pro¬
used
expansion
for
of
municipal
utility
systems.
Stanly, City Attorney,
William A.
has been instructed to proceed to
have
the
certificates
validated,
after
which
they
will
be
placed
the market.
on
Wainwright. Ram¬
Lancaster, municipal fi¬
&
sey
consultants
nance
of
New
York
City, made a financial survey and
anlysis, developed the proposed
financing .program and will assist
the
City in consummating the
dertaking.
un¬
Offering
Strand,
City
Elmer
—
Clerk,
will
O.
receive
sealed bids until 2 p.m. (CST)
March
21
for
the
purchase
$349,000 not to exceed 3Vfe%
on
of
Trust
turers
has
York
The
been
1951
in
to
1950,
and $20,000 from
incl. Principal and
1967
interest
(J-D) payable at the of¬
fice of the City Treasurer. Bidders
to name the rate or rates of in¬
terest, expressed in
a
multiple of
R. F. D.
Bond
City
Auditor
and
1951
C.
Clerk,
1952,
of
rate
from
urer's
for
office.
of
2%
the
amount
check
of
the
bonds bid
for, payable to the City,
is required.
to
1961
inclusive;
clusive,
and $2,000 on Jan.
$1,500 on July 1, 1967.
and
July 1 from 1950 to
inclusive; $2,000 on Jan.
July 1 from 1962
to 1966 inclusive, and $2,000
on Jan.
1 and $1,500 on July
1, 1967.
1961
and $1,000 on
tions $1,000
the
name
pressed in
1, 1949. Denomina¬
and $500. Bidders to
rate
a
of interest, ex¬
multiple of % of 1%.
Interst J-J.
The
approving opin¬
ion of Ross, McCord, Ice & Miller,
of
Indianapolis,
will
be
fur¬
nished to the purchaser at the ex¬
pense
of the Township.
Ranson-
previously noted
1163
—
were
will
sold
mature
in
at
a
March
and bear interest at
3.92%,
169, p.
price of
v.
1,
1983,
5%, to March
1, 1952, and thereafter at 33A% to
All of said bonds will be
subject to redemption prior to
maturity.
maturity.
Bunnell),
•
Bond
Offering—John A. Clegg,
Superintendent
IDAHO
Canyon County Class A Sch., Dist.
No. 131 (P. O. Nampa), Ida.
Bond Offering — Clarabell
of
Efistrict Clerk, will receive
sealed bids until 2 p.m.
the Board
of
(MST) on
April 7 for the purchase of $495,exceed
to
not
3%%
interest
bonds.
Dated
April 1, 1949. Due and payable on
an amortization plan
as provided
building
Municipal
the
by
Idaho.
coupon
first
The
Bond
Law
of
annual payment*
of
principal shall be payable at
the expiration of 1 year from date
of
the
bonds and
the
last annual
payment of principal to be at the
expiration of 20 years from date
of the bonds. Bonds to be redeem¬
at
the
option of the
School
and after 10 years
from the date, at par plus accrued
interest. Bids shall be submitted
on
specifying
(a) the lowest rate of
Sale Details—The $18,000
Bond
The Guaranty
co-paying
agent for
principal and interest of water
and
sewerage
revenue
certifi¬
cates, dated Aug. 1, 1948.
District,
Fla.
—
Co. of New York has been
appointed
able
Flagler County Special Tax
Sch. Dist. No. 1 (P. O.
Township School Township
(P. O. East Chicago), Ind.
Hartwell, Ga.
Paying Agent
Trust
1055
bonds
awarded
March
Gary
school
awarded
were
—
D.
Beh
Co.,
to
the
of
Des
Moines, and William Blair & Co.,
of Chicago,
jointly, as 2V4S, at a
price of 102.27, a basis of about
1.97%. Dated March
Nov.
1
from
Additional
were
composed
1968
The
—
bonds
revenue
group
of
1, 1949. Due
1950 to
Sale
the above date
incl.
$60,000
offered
on
awarded to
of Gefke &
a
Co.,
Sioux
Falls, and the
Rock
Rapids State Bank, of Rock Rapids,
as
basis
1,
Savings Bank of Es¬
2s, at
of
a
price of 100.43.
about
1949.
1.90%.
Due
National
Bank,
Dated
March
Dermott &
at
a
Co., for $60,000
as
2s,
price of 100.42.
City Independent Sch. Dist.,
Iowa
Bond
field
Sale—The $13,500 athletic
lighting equipment bonds of¬
fered
on
tional
March 15—v. 169, p. 1055
to the First Na¬
awarded
—were
Bank of Mason
Dated
April 15,
April 15, 1950.
City, as Is.
1949 and due on
KENTUCKY
Ashland, Ky.
Bond Offering — Cleve S. How¬
ard, City
Clerk, will receive sealed
bids until 8 p.m. (CST) on March
22 for the purchase of $150,000 not
to
exceed
3%
flood
wall
general
1,
Due
Feb. 1, as follows: $7,000 from 1950
to 1959 inclusive, and $8,000 from
obligation
1949.
bonds.
Dated
Denomination
1960
to
that
the
1969
Feb.
$1,000.
inclusive.
Provided,
shall reserve, the
right and option of redeeming
bonds maturing in 1955 to 1969,
prior to maturity in whole, or
City
time
to
time
in part in the
maturity (less
than all of a single maturity to be
selected by lot), on any interest
payment date or on after Feb. 1,
inverse
order
of
of
previously noted in
on
highest bidders were Wheelock &
Cummins, for $300,000 as 2Y4S, at
a price of
102.27, and Shaw, Mc-
from
Hohart
GEORGIA
be
«
Sale—The $300,000 sewer
offered March 10—v. 169,
Carleton
Jan. and
Dated April
will
Estherville, la.
43,500 civil township bonds. Due
$1,000 on July 1, 1949; $1,000
accrued
certified
A
Offering—George Tarrant,
Bond
bonds.
$2,000 on Jan. and $1,000 on
July 1 from 1962 to 1966 in¬
be called for redemption and
in¬
terest, in the inverse order of
their maturity, on or after May 1,
1952. The legal opinion of Cald¬
well, Marshall, Trimble & Mit¬
chell, of New York City, will be
furnished to the purchaser with¬
out charge. Principal and interest
(M-S) payable at the City Treas¬
1950
Savings Bank of
approving opinion of William L.
Mason
follows:
township
$1,000 on July 1, 1949;
$1,000 on Jan. and July 1
multiple of Va or 1/10 of 1%.
Bonds maturing in 1958 to 1962,
and
p.m.
Due
and $21,000 from
par
T.
will
pur¬
as
of
1
from 1950 to 1959 incl. The second
March 31 for- the
school
by the
Hassettt, of Des Moines,
furnished by the Town.
March
2
bonds, divided
interest, expressed in
payment at
Bond
a
$87,000 not to exceed
school
building of 1949
$43,500
a
may
Omer
until
bid
made
Town Clerk, will receive bids un¬
til 7 p.m. (CST) on March 25 for
the
purchase
of
$3,500
water
works revenue bonds. Denomina¬
tion $700.
Due $700 on April 1
from 1950 to 1954 inclusive.
The
therville,
O.
of
3M>%
1953 to 1962 incl. Bidders to name
the
—
Trustee,
bids
1,
high
was
&
noon
on
and
on
chase
April 14 for the pur¬
chase of $250,000 not to exceed
4% interest special improvement,
Series
B
coupon
bonds.
Dated
March 1.1949. Denom. $1,000. Due
on March 1, as follows: $20,000 in
(EST)
Township
sealed
(CST)
Tallahassee, Fla.
Offering — George
(P.
1, Carthage),
Offering
Wicher,
l34s
Iowa Trust &
Indiana
receive
tificates, series 1949.
No.
Second
Trust
sewer
Township
basis
a
March
IOWA
Chicago, will be furnished and
paid for by the City. A certified
check for $3,500 payable to the
City Treasurer, is required.
River
Dated
as
Dayton, Iowa
on
or
Blue
John
Chicago.
1/10 of 1%. The approving
opfnjon of Chapman & Cutler, of
Va
to
Chicago,
July 1 from 1950 to
on
for
bonds
New
Paying
Agent, for $2,900,000 3Va% and
3Vfe% light and water revenue cer¬
100.31
Harris
of
1.71%.
incl.
p.
of
appointed
1969
awarded
Co.,
price of 100.33,
a
about
1949. Due
$9,000
Manufac¬
Company
l%s, at
of
bonds. Dated Nov. 1, 1948. Denom.
$1,000. Due on Dec. 1, as follows:
Lakeland, Fla.
—
&
terest tuberculosis sanitarium
INDIANA
Agent
Nuveen
$170,000 bridge
14—v. 169,
March
1055—were
p.
in¬
~
Paying
offered
at
Rockford, III.
To
bonds
15.
the
Instruction,
Newport), Ind.
Bond Sale—The
A
certified check for 5% of the bid,
on
59
Vermillion County (P. O.
par,
required.
000
by
bid reflecting
a
net interest cost of about
98.00
$880,-
revenue
sewer
purchased
Davidson
as
Details—The
Sale
water
000
Francisco, H.
New
interest
Hanover
purchaser with¬
for, payable to the
Casler,
Daytona Beach, Fla.
both
V. Sattley
Co., of Detroit, Juran & Moody,
St. Paul, Robert Winthrop &
29,
March
without charge.
of
Na-
Francisco, Fiehty Union Trust Co., of Newhe, Dominick & Dominick, Estaro°k &
Co., Wm. E. Pollock &
ew
March
ion, will be furnished by the Au¬
thority to the successful purchaser
San
t°m Roosevelt
Dated
notes.
Due
of
&
and
Central
A certified check for
the
R. Behrman,
gether with-a copy of such opin¬
Co., of San Francisco,
ecurity-First
Housing Authority,
29, 1950.
The
approving opinion of Robinson,
Robinson & Cole, of Hartford, to¬
R. H.
;°s Angeles,
lonaL; Bank,
■°*»
be
a.m.
(EST) on March 24
purchase of $386,000 Se¬
M-l
1949.
Trust Co., of San Francisco,
eattle-First National Bank, of
Boston Corp.,
11
the
ries
an
eattle, First
of
Secretary, will receive sealed bids
until
for
Co., of Chicago, First NaBank, of Portland, Ameri-
'onal
will
bonds
Note Offering—G.
ancisco, Harris Trust & Savings
of
of
(1275)
Connecticut
of
Chicago, Chase National
ank, National City Bank, Bankrs Trust
Co., Smith, Barney &
all
the
Bank
ank of
o.,
of
payable the
City Treasurer, is required.»
Trust
Association,
$100,000
the amount of the bid,
syn-
the
1949 coupon
1, 1949. De¬
Due
charge in New York
City. A certified check for 2% of
same
a
Series
April
$1,000.
made free of
$1,850,-
to
Dated
will be furnished to the purchaser.
Water-1947,
of
composed
America
The
offered
awarded
were;
icate
—
plant,
approving opinion of Ropes, Gray,
Best, Coolidge & Rugg, of Boston,
1 from 1954 to 1964 inclusive.
Additional Sale
noon
interest, expressed in a mul¬
tiple of 1/10 or Va of 1%. The
March
on
until
of
inclusive.
Due
bids
April 1 from 1950 to 1964 incl.
Principal and interest (A-O) pay¬
able at the City Treasurer's of¬
fice. Bidder to name a single rate
as
on
1953
will
Comptroller,
on
follows:
1560,000
Adolph
—
March 23 for the pur¬
on
bonds.
of
1.60%,
a
City
sealed
nomination
Co., of Philadelphia.
group
charge.
2%
White,
$1,500,000 not to exceed
interest trunk sewer and dis¬
posal
Lyons & Shafto, of
Boston, Laird & Co., of Wilming¬
ton, and Sheridan Bogan Paul &
rate
name
Principal
the
in
will receive sealed bids until
chase of
2%
&
York,
The
Offering
D'Aulisa,
receive
Mackey,
Co.,
delphia,
New
CONNECTICUT
Bridgeport, Conn.
Co., Glick-
Lembo, all of
New
C. Bradford & Co., of
to
$9,000
Co., New York City.
approving opinion of Cald¬
well, Marshall, Trimble & Mit¬
chell, of New York City, will be
Bond
Francisco, Dempsey & Co.,
of Chicago, E. F. Hutton & Co.,
and
Bank & Trust
of San
Laurence M. Marks &
inclusive,
Bidder
pur¬
delivery,
state
separately
the
premium, if any, offered for the
a
of
bonds.
$1,000.
Due Jan. 1, as follows:
$6,000 in 1950 and 1951; $7,000 in
1952 and 1953;
$8,000 from 1954
improvement
and
purchase
coupon
1, 1949. Denomination
650,000
state
the
interest
a.m.
(A-O)
payable
at
the
County Treasury.
Each bid must
Corp., Barr
'ew
Dated Jan.
terest
Equitable Securi-
York,
April 21 for
$75 000
school
$4,000 in 1950 to 1959, and $5,000
in 1960 to 1969. Principal and in¬
yndicate composed of J. P. Mor¬
gan & Co'. Inc., Bear Stearns &
Co., Salomon Bros. & Hutzler, all
New
bids
school
000.
railway rehabilitation,
C bonds offered pn
to
on
$90,000 not to exceed 5%
interest
March
awarded
March
on
Emmet G. Mc-
—
April
on
chase of
CHRONICLE
Instruction, will receive
bids until 7:30 p.m. (EST)
sealed
furnished to the
Bond Offering
Series
were
Due
1951 to 1956 inclusive.
Menamin, County Clerk, will
1 from 1959 to 1961 inclusive.
date
1,
Union School District,
Monterey County (P. O.
Salinas), Calif.
,/
Additional Sale—The $3,500,000
unicipal
March
on
FINANCIAL
-
payable
:
Tularcitos
1958 inclusive.
on
lV4s.
as
1 from
Due on March
IV2S. Due
as
5s.^ Due
Public
&
The
1,750 000
Due on March 1
1 from 1953 to
ies
as
April
3,400,000 as IV4S.
of
1
1950.
from 1950 to 1952 inclusive.
bove
of Los , Angeles, and
Hogle & Co., of Salt Lake
H.
$100,000
N
$600,000 as 5V2S.
Trust
Lake
follows:
fellows:
947,
Salt
&
City. The group paid a price of
100.08, a basis of about 1.27%, as
paid a
price
of
basis of about 1.48%, as
a
of
Bank
Meyer,
J.
group
100.02,
National
City, Magnus
& Co., of
Cincinnati, C. N. White
& Co., of
Oakland, Stern, Frank
Cleveland. A. G. Edwards & Sons,
of St. Louis,
Piper, -Jaffray &
Hopwood, of Minneapolis, Harold
g. Wood & Co., of St. Paul, J.- M.
Dain & Co.,- of Minneapolis, McMaster Hutchinson & Co., of Chi¬
cago, Boettcher
& Co;, of Den¬
ver, and Pacific Northweest Co.,
The
Co., of Los Angeles, Con¬
tinental
k
of Seattle.
COMMERCIAL
v.
3
1954, by giving notice thereof by
publication once at least 30 days
prior to the redemption date in a
169,
p.
163, were sold as 2s.
newspaper of general circulation
Dated March 1, 1949 and due on
throughout the State, and it is
July 1 from 1949 to 1958 inclu¬
hereby provided that in the event
sive.
of redemption of any of said bonds
which by their terms are redeem¬
Indianapolis School City, Ind.
Note Offering — M. V. Bailey, able, the City will pay to the hold¬
to
the
Gary,
as
Business
er
or
holders
thereof
upon
sur¬
will receive
render of the respective bonds a
(CST) on
redemption premium in an
March
22
for
the
purchase
of
amount equal to 3% of the princi¬
$600,000 not to exceed 2% interest
notes. Dated April 1, 1949. Due on pal amount thereof if called for
June 30, 1949. Payable at the of¬ redemption after Feb. 1, 1954, and
prior to Feb. 1, 1959; 2% of the
fice of the School Board.
principal amount thereof if called
Rensselaer, Ind.
for redemption thereafter and
Director,
sealed bids until 4 p.m.
electric prior to Feb. 1, 1964; 1% of the
principal amount thereof if called
169, p. 1055—were awarded to for redemption thereafter and
John Nuveen & Co., Chicago, and prior to Feb. 1, 1969, and prior to
the City Securities Corp., Indian¬ maturity.
Any bonds paid at or
apolis, jointly, as 2Vas, at a price after maturity shall be paid at par.
of 100.272, a basis of'about 2.21%. The bonds have been authorized
Dated March 1, 1949 and due se¬ on the full faith and credit of the
Bond Sale—The $200,000
revenue
bonds offered March 14—
v.
March 1 from 1950 to City, pursuant to approval at the
Optional on or after election held on Nov. 5, 1946, and
March 1, 1959 at par and accrued payment of both principal and in¬
terest are secured by annual ad
interest.
rially
on
1969 inclusive.
,
CO
(1276)
THE
valorem taxes
all taxable prop¬
on
New Orleans, La.
Sale^-The, $4,000,000 series
street improvement bonds" of¬
Bond
erty in the City.
A certified check
for $2,500 is required." 4
B
fered
March
Clark
County (P. O.
Winchester), Ky.
Bond
(CST)
until
2
bonds.
Dated
April
Denomination $1,000.
1949.
April 1,
to
from
bonds
will
Whole
or
be
in
of
order
inclusive.
1969
in the
their
days' notice
numbering on 30
any interest pay¬
on
ment date on or after Oct. 1, 1954,
at
101, and on or after Oct. 1, 19$9,
at par.
The bonds will bear in¬
terest at not
for
annum
their
per
bonds
maturing
less than 5 years from
date,
3% per
than 234%
more
any
within not
at
and
exceed
to
not
for any bonds
annum
ma¬
turing thereafter. Within the lim¬
its
set
above
out
bid
each
must
set out the rate of interest for the
various
maturities.
ing
opinion
son
&
of
The
approv¬
Woodward,
Hobof Louisville, will
be furnished to the purchaser by
the
County.
A certified check
for $3,000, payable to the County
Treasurer, is required.
Fulton,
Franklin
County (P. O.
Bond
•
Offering—R.
sealed
(CST)
bids
Carey
until
Gra-
11
chase of $84,000 not to exceed 3%
interest
school
building revenue
April 1, 1949. De¬
nomination $1,000. Due April 1, as
follows: $8,000 from 1950 to 1955
inclusive, and $9,000 from 1956 to
bonds.
Dated
1959 inclusive.
tional
The bonds
to
ders
any
the
name
rate
or
payable at the Farmers
and
Capital
Trust
Co.,
Bank
Frankfort.
The
approving opinion
of Chapman & Cutler, of Chicago,
will be furnished by the County.
A certified check for $2,500 is re¬
quired.
Franklin
County (P. O.
Frankfort), Ky.
Bond
S
1
a
e
—
Of the $150,000
fered March 15—v. 169, p. 1055—a
block of $120,000 was awarded to
Reusch
Co.,
&
and
Pohl
&
Co., both of Cincinnati, jointly, as
2V2S,
at
bonds
price
a
dated
are
dated
are
numerical
order, at
May 1,
on
1,
inverse
price.of 102,
Associ¬
a
after
or
May
callable- in
1969.
ated with the First National Bank
and
Halsey,
Stuart
&
Co.
of 100.112.
The
April 1, 1949.
Parish
La.
Bond Sale—The $360,000 public
improvement bonds offered March
iB—v. 169,
to
leans,
&
bid reflecting a net in¬
on a
terest
bonds
of
cost
March
on
from
1950
of Plaquemine, and
associates,
second
high
bidder,
named a net cost of 2.726%.
Bond
utility
v.
a
Providence, La.
Sale
—
Co.;
&
&
Additional
Civic
Sale—The
Center
series
B
$500,000
of¬
bonds
fered the
same day were awarded
syndicate headed by Lehman
Bros., of New York, at a price of
to
a
dollar
net
interest
city of $302,960.
sold
cost
the
to
The bonds
follows:
as
$88,000
4s.
1951
-
were
Due
on
incl.
10,000 3Y2S.
64,000 3s.
:
>
-
1959
to
May
offered
bonds
169,
light
revenue
March
11
group composed of the Memphis
Securities
Co.,
J.
G.
Hickman
&
Co., and T. W. Woodward & Co.,
~
of
Jackson,
net
on
interest
March
March
1
sive.
bid
from
The
of
cost
Dated
was
bid reflecting
a
1,
1951
second
about
1949.
to
reflecting
net
a
a
3.06%.
Due
Due
interest
of about 3.09%.
Frederick,
Delivery else¬
Baltimore.
in
or
reasonable time after the
a
where will be made at the expense
Boston.
of
purchaser
about April
or
on
&
Everett, Mass.
Sale
Bond
loan
15—v.
to
at.
•
169,
The
—
p.
$220,000 sta¬
offered
bonds
Halsey, Stuart, & Co., as 1V2S,
a
price of 100.54, a basis of
1.40%.
Dated
March
1,
The legality of about
Due on March 1 from 1950
the
issues will be approved by 1949.
to
1960 inclusive.
Second high
Richard E. Zimmerman, attorney
for the Mayor and Aldermen, and bid of 100.521 for l%s. was made
by Niles, Barton, Morrow & Yost, by Coffin & Burr, Inc.
of Baltimore, and the approving
Oxford, Mass.
opinion of these gentlemen will be
Bond Offerings—Walter A.
delivered upon request to the pur¬
Lovett, Town Treasurer, will re¬
chasers without charge. Combined
ceive sealed bids until noon (EST)
bids must be accompanied by a
on March 23 for
the purchase of
good faith deposit of $12,000.
$300,000 coupon
high school
buildingbonds.
Dated April 1,
MASSACHUSETTS
May
on
l l from
Due
from
May 1 from
Dale
Bark¬
office
the
at
of
Board,
the
18
Street, Boston, until 1
State
Tremont
on
able at the Second National
1989 incl.
v
The .bonds
1949, and
or
with
ated
dated
are
May 1,
in inverse
callable
are
order, at a price of 102,
after May 1, 1969.
Associ¬
purchase
Lehman
Bros,
in
the
&
Co.; White, Hattier & Sanford;
C. F. Childs & Co.; Trust Co. of
Georgia, of Atlanta; Stroud & Co.;
Eldredge & Co., of New York;
Howard, Labouisse, Friedrichs &
Co.; Hirsch & Co.; Provident Sav¬
ings Bank & Trust Co.; William R.
Staats Co.; Paul Frederick & Co.;
R. D. White & Co.; Breed & Har¬
rison; Darby & Co., and Byrne and
Phelps, Inc.
! '
for the
high bidder
$4,000,000 issue
Inc.,
100.00003
said
Bank,
Delivery of the notes
bank
was a
syn¬
naming
a
price
of
$370,000 4s, $70,000
and
$2,124,000 2V2S, the tender re¬
flecting a net dollar interest cost
to the city of $2,533,200.
An ac¬
$15,000
Boston.
000
notes
awarded
Bank of
of
offered
under the
March
$300,17
was
Boston,
First
next
Bank
highest
bidder,
0.75%, plus a pre¬
rate of
a
National
mium of $5.
The
1949.
notes
dated
are
March
$50,000
21,
Day
au¬
genuineness by
sealed bids until 11
;
22 for the
on
purchase of $1,-
Dated
notes.
(EST)
a.m.
Denomination
March
T
Payable
Shawmut
Bank,
approving
$25,000
the
at
of
National
The
Boston.
opinion
Thorndike,
of
Storey,
& Dodge, of
Boston, will be furnished. Deliv¬
Palmer
of the notes will be made
ery
March
about
22,
1949,
on
at said
bank.
Bond
v.
169,
Sale—The $350,000 health
bonds offered March 16—
p.
1164—were awarded
to
of Lee HigginCorp., of Boston; Blair & Co.,
group composed
son
New
MAINE
$150,000
Kittery Water District, Me.
Bond Offering—Elmer J. Burn-
ham, District Treasurer, will
ceive
sealed
bids
$100,000
re¬
11
the
(EST)
purchase of
a.m.
water
April
1,
$1,000.
Due
cipal
1949.
on
March 23
on
1
1950 to 1969 inclusive. Prin¬
semi-annual
and
payable' at
Boston.
the
Bonds
under the
Day
will
interest
Trust
be
Co.,
prepared
supervision of and
thenticated
au¬
to
genuineness by
Co., and approved
legality by Storey, Thorndike, Palmer & Dodge, of Boston.
as
the Day Trust
as
to
drainage
bonds.
Due
until
and
$10,-
a.m.
(EST) on March 22
purchase of $4,400,000 mu¬
nicipal hospital loan, Act of 1948
1949.
March
est
1,
1949.
Denomi¬
Principal and inter¬
payable at the Nat'l Shawmut
Bank, of Boston. Bidders to name
a single rate of
interest, expressed
in
multiple of J/4 of 1%. The ap¬
proving opinion of Storey, Thorndike, Palmer & Dodge, of Bbston,
will be furnished to the purchas¬
er.
Delivery of the bonds will be
a
made
1969
inclusive.
multiple
Mayor,
until
11
will
a.m.-
receive
(EST)
sealed
on
bids
March 29
for the purchase of $600,000 not to
J/4
of
interest
chants
Bidders
to
name
of
1%.
Principal
payable at the Mer¬
National
Bank
of
Boston.
The
approving opinion of Storey,
Thorndike, Palmer & Dodge, of
Boston, will be furnished to the
purchaser without charge.
A cer¬
bid,
payable
to
the
City,
is
re¬
quired.
treatment,, Acts of 1948 bonds of¬
National
were
Offering—Alphonse DuTreasurer, will receive
gas. Town
sealed bids until 2 p.m. (EST)
March
21
for
the
purchase
on
of
bonds will
annual
First
interest
.
i.f
1
Legality
Bank
1.
5
at
of
approved
th
Boston
by
Storey
Thorndike,
Boston.
of
the
Palmer & Dodge 0
A certified check
for 1 <7
bonds bid for,
payable
t
of
the
City
Treasurer,
i
required.
Note Sale—The
$1,000,000
notes offered
nue
awarded
to
the
March
Boston
reve
11
wer
Safe De
posit & Trust Co., and the Secon
National Bank,
both of Bosto
jointly, at 0.67% discount. Se(
ond
high bid of 0.71% was mac
by the National Shawmut Bank (
Boston.
;
MICHIGAN
•
..
•
-
v it-
•- j
t
Alpena, Mich.
Note Sale—The $50,000 tax
ticipation notes offered March 14
an]
»
.169,
—v.
1164—were
p.
awardecj
to
the: Alpena Savings Bank,
0]
Alpena, at 2y2% interest.
Dated
March
21, 1949.
ll
Due
on Aug.
c" v/'
'
1949.
Ann Arbor, Mich.
Bond Offering
City
—
Fred C.
Perry]
receive sealed
bids until 3 p.m. (EST) on MarcH
28 for the purchase of $1,560,001
Clerk,
will
not to exceed 3
V2 % interest
sewej
Series]
March
15—v.
awarded
to
169,
Trust
Co., of New York,
price
of
100.67,
a
1164
p.
the
Bankers
as
basis
2s, at
of
revenue,
coupon
to
inclusive; $45,000 from 1954
inclusive; $50,000 from
1956
1959
to
1960
from
000
a
about
1.94%. Dated Jan. 1, 1949, and due
on Jan. 1 from 1950 to 1979 incl.
Cl-.:
:
J
l. :<
it-
$55,00(3
inclusive;
inclusive; $60,
1965 inclusive
1962
to
1963
to
$65,000 from
$85,000 from 1974 to 1976 in]
Bonds maturing in 1960
1976 shall be callable for
rej
and
elusive.
to
demption at the option of the City
in inverse numerical order, on arb
aftei
interest payment date 011
or
1959, at par and
interest plus premiums as
$30 on each bond called
accrued
July 1,
follows
for
rej
prior to July/]
1961; $25 on each bond called fo
redemption thereafter but on ol
prior to July 1, 1963; $20 on eacfl
bond called for redemption there
after but on or prior to July. H
demption
on
or
1965; $15 on each bond called
redemption thereafter but on
to
ol
prior to July 1, 1967; $10 on eacl
redemption there
bond called for
but
after
prior to July 4
or
on
called to
but on cu
prior to July 1, 1971. No PJpM
1969; $5 on each bond
redemption thereafter
be paid on bonds
calledQJ
redemption
after July 1, iy 1
will
Principal and interest (J-J) Pa/
able at the State Savings Bank q
Ann Arbor.
Bidders to name
rates of interest,
exPres
rate
or
in
multiple of lk of 1%.
a
'The ap
proving opinion of Miller, C
field, Paddock & Stone, of Detroii
together with the printed; bo
will be paid by the City. A ce
fied check for $30,000, payab
is required.
the City Treasurer,
Cedar
Bond
until
10
for
28
I
Bake
will receive sea*
Offering
Village Clerk,
March
Mich-
Springs,
—
Glenn
(EbU
a.m.
-
the
1
purchase^
$20,000 not to exceed 3% mm j
water
supply
revenue
to 1 1
bonds.
Dated Feb. 1, 1^49a
nomination
1
from
1970
to
Principal and.interest
able
at
Bank.
U -J.
$1,00
$1,000. Due
1931
J
i/"/]
(F-A) M
Springs .
Bidders Jo name a shsi
the
Cedar
r-,
*»
1:4
.1
D„
1<K
dated Apri
payable
National
...
M
be
1949.
bids
Shawmut
the
frn
inclusive.
-Denomination
$i?ooo
to name -a
single rate 0
interest, -expressed in a
multipi
of y4 of 1%.
Principal and semi
tified check for 2% of the amount
fered
a
1,
Due
March 1, from 1950 to
Boston, for Boston funds.
Charlton, Mass.
Bond
on
March
$1,000.
Taunton, Mass.
Bond Sale—The $321,000 sewage
at
Frederick, Md.
Offering—Lloyd C. Culler,
Dated
Denomination
the rate of interest, expressed in a
and
Dated
bonds.
coupon
$220,000
1950 to 1954 inclusive.
nation $1,000.
11
for the
water
Bank of
MARYLAND
regis¬
loan, No. 1 bonds.
Due $10,000 on March 1 from
Dgted
April
or
follows:
inclusive.
50,000
Denomination
$6,000
loan
as
000 March 1 from 1950 to 1959
$120,000 2%
bonds.
coupon
divided
surface
sewer
c/o
Day Trust
Co., Ill Devonshire St., Boston 9,
until
(1949)
tered bonds,
bond
1
1966 to 1968 inclu
sive; $70,000 from 1969 to 1971 in
J)ue
elusive; $75,000 in 1972 and 1973
22,
$500,090 on Dec. 6 and Dec. 22,
1949.
1959
bonds. Dated Feb. 1, 1949]
Denomination $1,000. Due July
l|
as
follows: $40,000 from 1951 M
by the First National or
about March 21, 1949, at the Inc., and Estabrook & Co., of Bos¬
York and Halsey,
First
National
Bank of Boston, ton, as l%s, at a price of 100.60,
Stuart & Co. Inc., was second high
against payment in Boston funds.
a
basis of about
1.68%.
Dated
bidder
for
the
$500,000
issue,
April 1, 1949. Due on April 1 from
naming a price of 100.10 for $182,Brockton, Mass.
1950 to 1969 incl.
000 23/4S and $313,000 2V2s, or a
Bond Offering—Leo V.
Clancy,
net
dollar
cost
to
the
city of City Treasurer, will receive seal¬
Springfield, Mass.
$303,895.
Bond Offering—G. W. Rice, City
ed bids until 11
a.m.
(EST) on
March
22
for
the
purchase of Treasurer, will receive sealed bids
of
1,
1953
000,000
to
Bidder
Shaugh- 1957
City Treasurer, will receive
from
March
follows:
as
Quincy, Mass.
nessy,
as
disposal system
Note Offering—John R.
a
on
to
Boston.
Palmer &
of the notCs will be made
supervision of and
Thorndike,
center
ery
prepared
seale
on
of
Trust
approved
Due Nov. 9, 1949. Legality
approve*! by Storey, Thorndike,
Dodge, of Boston. Deliv¬
be
Co., Boston, and
to legality by Storey,
Palmer & Dodge, of
and
$25,000.
will
the
or
Denominations
a
as
1949.
of
|o- the First National
Attleboro, at 0.733% dis¬
The
named
issue
name
thenticated
ap¬
Altleboro, Mass.
Sale—The
Note
from
1
Bidder to
Bonds
in
opinion of Ely, Bartlett,
Thompson & Brown, of Boston,
will be furnished and paid for by
the Authority.
April
on
inclusive.
1969
Due
1950 to
single rate of interest, expressed
in a multiple of J/4 of 1%. Prin¬
and
semi-annual
interest
cipal
payable at the -Day Trust Co.,
proving
for
3Y4s, $386,000 3s, $1,050,000 2%s,
against
payment
payment in Boston funds. The
count.
dicate headed by Phelps, Fenn &
Co.,
of Boston.
p.m.
will be made to the purchaser at
were:
Shields & Co.; R. W. Pressprich
Bond
cos
bids
Housing
.
on
Offering—W.
Chairman, will receive sealed
er,
on
on
Arlington Housing Authority, Mass.
Note
1
Denomination $1,000.
j
and Col
March I
$900,000 con
a.m.
bonds, divided
The
March
1164—were awarded
11
the purchase
order
the purchaser.
of
numerical
1967 to
bidder
Barcus, Kindred & Co.,
Bank
will be delivered to
5, 1949, at the First National Bank
terest (A-O) payable at the Citi¬ of
Boston, against payment in
zens
National
Bank,
Frederick. Boston funds. The approving opin¬
The bonds are issued subject to ion of Storey, Thorndike, Palmer
(EST)
on
March 22 for the purchase of
$100,000 first series notes.
Dated
March 29, 1949.
Due March 29,
1950.
Principal and. interest pay¬
1969 inclu¬
highest
the
1949.
Due May 1, 1960.
338,000 2V2S.
from
1055—were awarded to
p.
bonds
the
to
Principal and in¬
1/10 of 1%;
or
*
1961 to 1966 incl.
coupon
The $165,000 water
electric
and
National
First
These
payable
interest
and
pal
sale at the City Hall in
for
works
April 1, 1949. Denomina¬
$1,000.
Bidders must bid at
least par for the bonds and will be
expected to specify the rate or
rates of interest in multiples of Vs
g-Harold
City Treasurer
400,000 water main bonds.
$40,000 on April 1 from
to 1959 inclusive.
V
single rate of interest, expressed
in a multiple of y4 of 1%. Princi¬
within
Noyes
&
Weeks; First of
Corporation; Braun,
Co. Incorporated; A.
G.- Becker & Co.,
Incorporated;
Barrow, Leary & Co.; Weil &
Company, Incorporated; Otis &
Co.; Thomas & Company; and
Sterne, Agee & Leach.
to
Trust Co.,
Lake
Dated
tion
tion
Michigan
Bosworth
1, 1949 and
The Citizens Bank
1969 inclusive.
&
1
t
,
Mass.
in
r
Taxes, will receive
-1950
April 1, 1949. Denomina¬
$1,000.
Bidders to name a
dium
Hemphill,
The
2.68%.
about
dated March
are
mature
848—were awarded
Jones, of New Or¬
p.
Scharff
$15,000
e
21, 194
$500,000 municipa-Lnirport
Due $50,000 on
April
Dated
Hornblower
porated;
Bank
(P. O.
Plaquemine),
1975.' " '
orcester,
until
pon
Dodge, of Boston, will be fur¬
nished to the purchaser.
count headed
LOUISIANA
Iberville
Due
196$ to
of 1949
April 1,
bids
for
registration as to principal only at
the City Register's office. None of
these
bonds
may
be redeemed
prior to maturity. The bonds will
be
delivered
to
the
purchasers
Inc.,
were:
Blair & Co., Inc.; Kidder,
Peabody & Co.; White, Weld &
Co.; E. H. Rollins & Sons, Incor¬
Other Bids—Second
school building revenue bonds of¬
Fox,
bonds
are
of
rates
interest, expressed in a multiple of
*4 of 1%. Principal and interest
(A-O)
2M>s.
Due serially on
May 1 from 1970 to 1989 incl.
are op¬
interest payment
date on or after April 1, 1953, as
follows: at 103 on or prior to April
1, 1955; at 102 on or prior to April
1, 1957; and at 101 thereafter. Bid¬
on
2,556,000
1949, and
bonds.
follows:
as
Systems
Tumson
lector of
to 1969 inclusive.
1975.
Water
bonds.
-
re¬
a.m.
March 22 for the pur¬
on
sold
23/4s.
Due serially on
May 1 from 1951 to 1969 incl.
The
150,000
as
80,000 school building bonds. Due
$4,000 on April 1 from 1950
to 1969 inclusive.
1967, $15,000 in 1968 to
1973, $25,000 in 1974, and $40,-
net rate of 2.539%.
a
were
$1,444,000
a
fi'am, County Court Clerk, will
ceive
bonds
city of $2,-
1,
$7,000 from 1950 to 1959 in¬
clusive, and $6,000 from 1960
and
000 in
April
on
follows:
building
school
Due
'
dollar
a
101 for various coupons, reflecting
Ky.
Frankfort),
,
The
a
as
reverse
be¬
reflecting
coupons,
The
redeemable
part
Co.
net interest cost to the
inclusive, and $8,000
to
&
shown
yv
Bondr:0 f f
$130,000
Improvement of
Due April 1, as
follows: $10,000 in 1950, $15,000 in 1951 to 1961, $25,000 in
1962 to 1965, $10,000 in 1966
price of 100.10 for vari¬
a
468,657.50 and
Due
inclusive; $6,000 from
inclusive; $7,000 from
1966
1967
1,
ous
Stuart
members
$210,000 coupon bonds, divided as
bonds.
1949
-
Monday, March
follows:
*
Public
$450,000
1055—
p.
CHRONICLE
interest coupon bonds,
divided .as-follows:
syndicate head¬
a
Halsey,
(other
low) at
follows: $5,000 from
as
1950 to 1955
1956 to 1961
and
Inc.
p.m.
169,
FINANCIAL
&
exceed 6%
by First National Bank of New
York
re¬
March 21 for the pur¬
$125,000 school building
of
revenue
1962
Jack¬
Clerk, will
on
chase
on
ed
16—v.
awarded to
were
Offering—Linville
son, County Court
ceive
sealed
bids
COMMERCIAL
•tV/:
'Hb.AJ
}
/
<
Number 4787
169
folume
**
THE
expressed in
interest,
of
„te
1954
a
of
al
multiple
a
nished
cost to
of the
the purchaser.
sale,
amount bid, payable to the Vil¬
$4,000,
payable
Bond Sale—The $664 500 water
Offering
Box 96,
Clerk, will receive sealed
bids until 8 p.m. <CST) on March
23 for the purchase of $135,000
bonds, divided
coupon
Fund
bonds.
Due
from
Due
|257,000 3%s.
Due
to
1976
from
bonds
1949 and
April 1,
or after
dated
on
varying
at
miums depending
1
inclusive.
1978
are
1951,
April
on
callable
are
1,
pre¬
the date of
on
[edemption.
A;Sault Ste. Marie, Mich.
Bond Sale
Hie $31,500 sewer
—
March
offered
>onds
nvarded
7
were
&
McDonald-Moore
to
Dated March
July 15 from
to., of Detroit, as 2s.
Due
1949.
15,
on
The second
1950 to 1968 inclusive.
highest bidder
S. R. Living¬
was
stone & Co.
Warren
Twp.
Bond Sale—The $375,000
bonds
offered
on a
March
1,
1949.
from 1950 to
to
of De¬
net in¬
Due
30
June
on
incl.
1956
Dated
1.68%.
The
sec¬
ond
highest bidder was H. V.
Sattley & Co., on a bid reflecting
net interest cost of about 2.03%.
!i
1
|r: ■!;: ••!:> t'A
irMi
Carlton County Indep. Sch. Dist.
Bond
Sale
Cloquet), Minn.
The
—
bonds
$200,000 2%
March
offered
ional Bank of Duluth, at a price
"he
a
basis of about 1.853%.
bonds
?51 to
1964
iigh bid
of
March
dated
are
949 and mature
inclusive.
101.16
1,
March 1 from
on
Second
made
was
by
M. Dain & Co.
Clearwater County (P. O.
Bagley), Minn.
Bond Offering—Frank A. Nor'Wist,
County
ceive
sealed
(CST)
on
will
Auditor,
bids
until
re¬
11
a.m.
April 5 for the purchase
J $175;000 hospital bonds. Dated
April l}i
1949.
April
Due
,
1,
wjow?: $17,000 in 1951 to
;18,00a in 1958 and 1959, and
J°0
in 1960. Bidders to
[ate of interest in
4
or
1/10 of 1%.
merest
payable
at
as
suitable
any
purchaser.
The
Pinion of Harold W.
!arker, Scott
&
of Min¬
Barber,
neapolis, will be furnished/En°se
a
certified check for $3,500,
ayablfe to the
County Treasurer.
Freeborn County (P.
O.
¬
Albert Lea), Minn.
Offering
—
Auditor,
A.
will
*aied bids until 2
p.m.
arch 25 for
the
C.
Hartz,
receive
(CST) on
purchaseof
[200,000
funding coupon bonds,
ated Jan.
1, 1949. Due on Jan. 1,
fs follows:
in
of
a
1%.
of
award
the
said
within
and
sale,
pur¬
issues,
40
the
days
printed
the
and
bonds
executed
and
ap¬
proving legal opinions of Harold
W. Moody, of St. Paul, and Dor¬
sey,
Colman,
Barker,
Scott &
Barber, of Minneapolis.
Delivery
of
said
will
bonds
the office of the
in
Mineapolis
cost
the
to
made
at
City Treasurer or
St. Paul, without
or
Enclose
chaser.
be
purchaser, or else¬
expense of the pur¬
where at the
certified check
a
payable to Ihe City Treas-
urer.
....
/
-
...
Indep. Sch. Dist., Minn.
Offering—Charles Stever,
District
Clerk, will receive sealed
bids
until
11
a.m.
(CST)
on
March 24 for the purchase of $1,-
090,000 building
coupon
bonds.
Dated April 1, 1949.
Due April 1,
follows: $60,000
as
$33,000* from 1950 to
1950 to 1960 inclusive.
ing in 1965 and subsequent years
will be each subject to redemp¬
tion
prepayment at the op¬
the District, in inverse
and
tion, of
interest,
and
i/4,
in
interest
of
rate
1/10 of 1%.
or
will be
interest
a
payable at
suitable banking institution
designated by the successful bid¬
der.
The
District
will furnish,
without cost to the purchaser and
any
of
executed
bonds
and
the
approving legal
opinion
of
Dorsey,
Colman,
Barker, Scott & Barber, of Minne¬
apolis. Delivery of the bonds will
within
40
after
days
printed
the
sale,
sive.
for
Paul,
or
award
and
Chicago,
or
Enclose
check
tified
a
or
(P. O. New
York
and
11
Sale—The
$15,000
and
10
1
Richfield, Minn.
$700.
Due
of $75,000 permanent improvement re¬
volving fund coupon bonds. Dated
April 11 for the purchase
March
lows:
from
1952
Denomination
March 1, as fol¬
1951, and $7,000
1949.
1,
Due on
$5,000 in
to
ders to name
1961 inclusive. Bid¬
the rate or rates
interest, expressed in a
of y4 of 1%.
Principal
terest
payable
at any
bank
or
trust
cessful bidder may
of
multiple
and in¬
-suitable
the suc¬
designate. The
company
$97,-
been
McCook
School
District, Neb.
$360,000
con¬
bonds offered March
169,
1056—were
p.
bonds
000
has
11
awarded
been
1949. De¬
for
one
Jan. 1 from 1950 to
on
Faegre
follows:
Sale
Details—The c$6,500
purchased by
Bank, of Shelton,
previously noted in v.
953—were sold at a price
3s,
169,
as
p.
&
Todd County
Legality approved
Benson,
system
been
Ind. Sch. Dist. No. 87
Sale
The $40,000
—
bonds offered March 11
Bond Sale—The
bonds
p.
offered
&
Claremont, N. H.
school
169,
1056—were awarded to the Lee
State Bank,
of Browerville, as
p.
Due from 1950 to 1969 in¬
clusive. The second highest bid¬
2 Vis.
Kalman & Co., for 2 Vis.
J/'.'.
;
.«'•..•?
from
1
The
169, p. 1165—were awarded
& Burr of Boston, as
iy2s, at
price of 100.503,
of
1.40%.
a
about
March
dated
on
S
clusive.
basis
are
mature
1950 to 1959 in¬
e c o n
IV2S
for
a
bonds
1949 and
1 from
March
100.456
The
1,
ert Hawkins &
MISSISSIPPI
d
bid
high
made
was
of
highest bidder way;
Fidelity Union Trust Co., New-ark, for 2.20s, at a price of 100.16.:
Passaic County
Sale—The
Bond
Sale—The
Bond
March
—were
awarded to
Securities
15—v.
of
Corp.
169,
1165
p.
the Equitable
Nashville,
at
price of 100.023, a net interest
1.7288%, as follows:
a
cost of about
street' improve¬
special
$45,000
$10,000 lVis, due
ment bonds:
\
1950 and 1951;
l3/4s,
due
on
March 1 from 1952 to 1959 in¬
March
on
and
1,
$35,000
32,000 street" intersection bonds:
$8,000 1V2S, due on March 1,
1950
and
1951; and $24,000
due
March
1
from
1 p.m.
(EST)
on
March 23 for the
purchase of $170,000 school house
coupon bonds. Dated April 1,1949.
Denomination $1,000. Due $10,000
April 1, 1951 to 1967. Bidders are
name one rate of interest in a
to
169,
p.-
Due
1966
are
dated
Meridian, Miss.
Sale —The
$138,000
Bond
Leland
on
1949, at the
of Boston,
about April 6,
or
First
National
re¬
Speed Co., of Jackson,
2 Vis, at a
about
price of 100.41, a basis
The bonds are
2.455%.
dated April 1,
1949.
Bank
highest
Bros., and
Salomon Bros. & Hutzler, jointly^
to
for
The second
incl.
bidder
Lehman
was
$467,000
1.60s,
as
at
a
price
of 100.05.
i
Summit, N. J.
Safe —The $1,000,000
B bonds offered
series
March
15—v.
1057—were
composed of
Securities Corp., of New
to
the Union
169,
a
p.
group
York; Courts & Co., of Atlanta;
and
Schmidt, Poole & Co., of
Philadelphia, taking $997,000 a9
1.70s, at a price of 100.34, a basis
of about 1.66%.
Dated April 1,.
Due
1949.
to
bidder
April 1 from 195(1
second highest
on
The
incl.
1969
group
a
was
composed of
Phelps, Fenn & Co.; Paine, Web¬
ber, Jackson & Curtis; Byrne and
Phelps, Inc.; Gordon Graves &
Co.; and Rogers, Gordon & Co., for
$997,000
1.70s,
as
at
100-33tt,V,
a
price
of
,
NEW YORK A
Union Free Sch. Dist.
(P. O. Babylon), N. Y.
Bond Sale—The
offered
bonds
on
$275,000 school
March 17 —:
1166—were awarded to a
composed of Rosevelt &
Cross, Francis I. duPont & Co.,
and Tilney
& Co., all of New
York, as 2s, at a price of 100.63, a
basis of about 1.934%. The bonds
are dated April
1, 1949 and ma¬
ture on April 1 from 1950 to 1969
inclusive.
Second high
bid of
v.
169,
p.
group
and
Road
ton
Trenton
Green
Offering—W.
Bond
Lane,
sealed bids until 8 p.m.
Nason,
receive
(EST) on
The
$1,000,006
offered on March
—
169, p. 1057—were awarded
syndicate composed of F. S.
Smithers & Co., of New York,
15—v.
to a
Bosworth & Co., Inc., To¬
Braun,
Wood,
Struthers
&
Co.,
& Co., both of New
York, and Lyons & Shafto, of
Boston, as l%s, at a price of
100.14, a basis of about 1.86%.
Dated March 15, 1949.
Due on
15
clusive.
L.
will
Clerk,
Sale
Bond
series J bonds
March
8), N. J.
(P. O.
Buffalo), N. Y.
Kean, Taylor
O. Penning¬
Township (P.
Ewing
Buffalo Sewer Authority
be fur¬ ledo,
NEW JERSEY
Township
MISSOURI
1„
Vi of 1%. Principal 100.41 for 2s was made by a group
payable at the First composed of George B. Gibbons
National Bank of Boston.
Bonds & Co., Inc., Chas. E. Weigold &
will be delivered to the purchaser Co. and Hall & Co,
Boston, whose opinion will
nished the purchaser.
funding bonds offered on March
15—v. 169, p. 1165—were awarded
March
March 1 from 1950
oil
interest
gality will be approved by Storey,
Thorndike, Palmer & Dodge,- of
bonds
the
Dated
1.55%.
about
of
multiple
submitted an offer re¬
interest cost of
of
inclusive.
1959
flecting
a
net
about 1.89%.
of
of
receive
1949. The First National
Memphis, second high
to
of
All
on
S. Dow,
the School Board,
sealed
bids
until
against payment in Boston funds.
They will be prepared under the
supervision of and authenticated
as to genuineness by the First Na¬
tional Bank, of Boston; their le¬
1952
'
Chairman
will
and
clusive.
U3/4s,
New
Bond Offering—Gordon
im-;
1165—were awarded
to Shields & Co., of New York, a3
1.60s, at a price of 100.45, a basis
Hampton
bonds
$77,000
offered
$467,000
bonds offered March 16
provement
Babylon
School District,
Hampshire
(P. O. Paterson)>
New Jersey
by
Co., jointly.
inclusive.
1969
to
1950
No. 7
North
Columbus, Miss.
169,
second
Kidder, Peabody & Co., and Rob¬
.i f./
t
The $190,000
re¬
offered on March
Coffin
to
14—v.
phia, jointly, as 2.20s, at a price
of 100.22, a basis of about 2.17%.
Dated April 1, 1949.
Due on April
awarded
011
NEW HAMPSHIRE
—
$340,000 school
March
Cross,
Bond
First Trust Co., of
Lincoln, as 3Vis, at a price of
101.08, a basis of about 3.16%.
Sale
a
1057—were awarded to Roose¬
auction
public
funding bonds
name
Hillsborough Township Sch. Dist.
(P. O. R: F. D. Belle Mead),
New Jersey
school,
Feb. 24 to the
16—v.
v.
—
at
to
for $2,960, payable to the
Township, is required.
$148,bonds has
revenue
sold
Bond
(P. O. Browerville), Mich.
was
Bidders
basis of about 2.98%.
Bonds Sold—An issue of
000
inclu¬
check
Wilber, Neb.
,
1958
to
New York City, will be furnished
to
the
purchaser.
A
certified
1949.
water works bonds
of 100.07, a
1955
single rate of interest, expressed
in a multiple of ]/s
or
1/20 of
1%.
The approving opinion of
Hawkins, Delafield & Wood, of
of
price of 100.26.
der
Trenton.
—v.
;
Shelton, Neb.
Bond
from
and
$18,000 in 1959. Prin¬
cipal and interest (A-O) payable
at the Prospect National Bank oL
the
to
Omaha,
$87,000 intersection paving bonds.
28,000 street improvement bonds.
Bank, Minneapolis, for l.%s, at a
Bond
sold
Robert E. Schweser Co. of
as
$12,000
of New York, and
Walter Stokes & Co., of Philadel¬
Sale—The
struction
—v.
follows:
sive,
sold
Co., of Lincoln,
Co., of* Denver,
&
1950
1954;
velt
Bond
as
of Minne¬
apolis. The second highest bidder
was
the
Northwestern
National
by
Village Clerk, will receive
sealed bids until 7 p.m. (CST) on
art,
1,
$1,000, except
1955 inclusive.
as
$1,000.
Boettcher
of
issue
bonds has
about
The $29,700 sewer
—
Dated March
1.26%.
to
Offering—John
Sold—An
paving
the First Trust
to
from
1953 inclusive: $14,000 in
awarded to J. M. Dain &
were
nomination
R. Stew¬
Bond
Bonds
000
Co., of Minneapolis, as 1.30s, at a
price of 100.14, a basis of about
bonds offered March
awarded to Kalman &
were
of
cost
paving bonds offered March
bridge
Co., of St. Paul.
on
Sauk Centre, Minn.
bidder,
road
mature
high bid of 100.107
2%s and $140,000 3s,
Bond Sale
Bank
Mills), Minn.
dated
are
and
interest
net
a
.
Newton
Cering, Neb.
the First State
else¬
of the pur¬
cashier's or cer¬
bank draft for
bonds
1949,
Second
March 1,
$22,000..
Bond
The
^
15,
$60,000
or
where at the expense
chaser.
14—
2.948%, was made by John Nuveen
h Co., and HatE. Wood & Co.,
jointly. y
<
Moorhead, Minneapolis,
chaser in
March
March 15 from 1951 to 1960 inclu¬
cost to the pur¬
be made without
St.
2.904%.
March
multiple of
Principal and
made
1959.
composed of * Allison- to Stern Bros. & Co., of Kansas
Co., Piper, Jaffray & City, on a bid reflecting a net
Hopwood, Northwestern National interest cost of about 2.40%.
Bank,
and
the
First
National
Oxford, Neb.
Bank, all of Minneapolis/as 3s, at
Bonds Sold—An issue of $115,a price of
100.62, a basis of about
the
to name
Bidders
bonds.
^ group
date
payment
interest
any
paving
March 1 from 1950 to
on
jointly.
1165—were awarded to
p.
April 1, 1964
on
Due
$200,000 per¬
improvement
revolving
offered
district
22,000
Sale—The
bonds
169,
v.
a
March 1 from 1950 to
on
1959.
and
St., Louis Park, Minn.
fund
of
$31,000 intersection paving bonds.
Due
as
$17,000
Details—The $53,000
lows:
Co.,
of
at a price
as 2.20s,
100.73, a basis of about 2.07%.
Dated April 1, 1949. Due on July 1
Bond
price
a
1165—were awarded to
p.
Sale
2%s,
100.18, a basis of
about 2.33%, as previously noted
in v. 169, p. 1056—mature as fol¬
at
16—
of
in 1952 to 1968,
$70,(500 in 1969. Bondfc matur¬
and
approving
Moody, of
Paul, and Dorsey, Coleman,
-ounty
after
cost
to
of
each
of
without
the
name
Principal and
ae
furnish
will
chaser
1957,
$20,-
janking institution, designated by
Bond
City
multiple of
a
1/10
or
designated by the purchaser. The
thereafter.
15—v. 169, p. 1165—were award¬
ed to the Northern Minnesota Na-
101.33,
Vi
Principal and interest payable at
any suitable
banking institution
accrued
:
No. 7 (P. O.
interest
of
March
Minneapolis,
from
Bond
bonds purchased by the First Na¬
tional Bank, of Wahoo, as
Williams
Bidders to
1, 1949.
rale
of
\
.v
>
order of serial numbers at par and
MINNESOTA
refunding
the
Bond
15—v.
,'/
...
Dated April
name
Due
$4,000
1959.
■
-
bonds.
$32,500 build¬
offered
Allison-Williams
manent
follows: $3,000 in
in 1952 to
as
and
Moorhead
awarded
Co.,
bid reflecting a
terest cost of about
7
build¬
March
169, p.
1164—were
fatling, Lerchen &
troit,
.
for 2%,
Sch. Dist. No.
(P. O. 23,200 Ryan Road,
Van Dyke),'Mich.
ing
1951,
multiple
1975 inclusive.
1968 to
from
April
1
Due on April ».l
|l07,000 3V4S.
The
April
on
1958 to 1967 inclusive.
from
,
April 1,
Due
|210,000 3 Vis.
169,
the
$10,000
/April 1, 1951 to 1960.
follows:
on
April ,1
1951 to 1957 inclusive.
follows:
as
Treasurer,
1,
to
Duluth), Minn.
Sale—The
bonds
$100,000 Permanent improvement
35,000 Warehouse
[net interest cost of about 3.376%,
Cook,
City
system junior revenue
>onds offered March 14—v. 169,
, 164—were awarded
to a group
■omposed of H. V. Sattley & Co.,
Detroit, Estabrook & Co., New
y0rk, and Stifel, Nicolaus & Co.,
)f Chicago, at a price of 100.05,
ind sewer
*
Bond
v.
Paul
—
$1,500, .pay¬
Village
is required.
the
Moorhead, Minn.
Bond
•
the
St. Louis County, Lakewood
Indep.
Sch. Dist. No. 62 (P. O. Route 6,
ing
Redford Township (P. O.
Detroit 23), Mich.
90,500 3l/2S.
to
to
NEBRASKA
Ashland, Neb.
without
40 days after the
option thereafter.
his
at
or
able
County Treasurer, is required.
Treasurer, is required.
for
purchaser
A certified check for
A certified
lage
,
CHRONICLE
Delivery of the bonds will
be made within
Barker, Scott & Barber, of Minne¬
apolis, together with the printed
bonds, will be furnished without
check
a
FINANCIAL
the
to
cost.
opinion
paid for by the Village.
certified check for 1%
interest, expressed in
by the purchaser. The approving
of Harold W. Moody, of
St.
Paul, and Dorsey, Colman,
interest,
[he approving opinion of Alfred
W Hewitt, of Allaben, Wiarda,
Hayes & Hewitt, of Grand Rapids,
ogether with the printed bonds,
s
&
approving opinion of Harold Wr.
Moody, of St. Paul, and Faegre &
Benson, Minneapolis, will be fur¬
Vi or 1/10 of 1%. Principal and
interest payable at any suitable
banking
institution
designated
at par and accrued
be
and $35,000 in 1955.
the rate or rates
name
of
Village, in inverse numeriorder, on any interest payment
^ the
late,
inclusive,
Bidders to
uitiple of Vi of 1%.' The bonds
^ill be, subject
to redemption
,rior to maturity at the option
a
COMMERCIAL
\
der
was
New
from
1964 to 1966 in¬
The second highest bid¬
Union Securities Corp.,
York,
C. J.
Devine & Co.,
First of Michigan
April 1 for the purchase of $148,Affton School District, Mo.
000
not
to exceed
6% interest Corp., and Andrews & Wells, Inc.,
Bond Sale—The $40,000 school
coupon
or registered
bonds, di¬ jointly, for l%s, at a price of
Reynolds & Co.,
,
bonds
offered
awarded
to
March
Blewer,
14
were
Heitner
&
Glynn, of St. Louis, as l%s, at a
price of 100.008. Due on Feb. 1
from 1950 to 1961 inclusive.
The
second
H.
price
highest bidder was G.
Walker & Co.,
of 100.007.
for l%s, at a
l_
vided
as
follows:
100.05.
$127,000 incinerator bonds.
21,000
,
incinerator,
bonds.
S e r i e s
.
Cayuga County
Auburn), N.
A
.
Bond
April 1, 1949. Denomina¬
tion $1,000.
The bonds stated in
combination will mature 011 April
(P. O.,
Y.
Offering—Joseph G. Pol¬
Dated
lard,
noiira
County Treasurer,
eonlfi/4
hiHs
Until
will re10
a.m.
62
(1278)
(EST)
March 21
on
chase
of
THE
for the pur¬
not to exceed
$109,000
chaser
COMMERCIAL
of
$130,000 not to exceed
5% interest school coupon or reg ¬
bonds.
Dated
April
1,
5%
interest garage building cou¬
pon or registered bonds.
Dated
istered
April 1, 1949.
$10,000
Denomination $1,000.
Due
April' 1, as follows:
$11,000 from 1950 to 1958 inclu¬
sive, and $10,000 in 1959. Bidders
to
the
name
pressed in
to
interest,
ex¬
a
payable
Trust
the
of
multiple of x/4 or 1/10
Principal
and
interest
1%.
(A-O)
rate
at
the
Co., Auburn.
bonds
will
Auburn
Delivery of
be
made
on
or
1949.
1962
Denomination $1,000.
April
on
inclusive.
1
from
interest, expressed in
a
multiple of y4 or 1/10 of 1%.
Principal and interest payable at
the
as
by
be
specified
the
purchaser. The approv¬
ing opinion of Reed, Hoyt &
Washburn, of New York City,
will
be
chaser.
furnished
to
the
to
the
School
District
No.
3
(P.
O.
Rollins
&
Sons
of
New
York, as 2.10s, at a price of 100.457, a basis of about 2.05%. The
bonds
dated
are
and mature
March
to 1969 inclusive.
-1,
1949
Second
high bid
of 100.31 for 2.10s was made by
C. J. Devine & Co., New York.
Hempstead Union Free Sch. Dist.
No. 13 (P. O. Valley Stream),
New
Bond
sealed
bids
until
25
for
10
Mag-
a.m.
(EST)
purchase of
the
$800,000 not to exceed 5% interest
building
coupon
or
registered
bonds.
to
the
13,
$2,600,
District,
is
to
from
1961
ders to
to
1978
expressed in
1/10
inclusive. Bid¬
the rate of
name
interest,
multiple of y4
a
or
of
1%.
Principal and in¬
(M-S) payable at the Val¬
Stream
National
Bank
&
terest
ley
Trust
Co..
Valley
bonds
will
be
York,
place
N.
Stream.
delivered
The
at
Bond
Sale—The
power,
1949
March 11—v.
169,
awarded
to
Geo.
elec¬
$45,000
bonds
offered
Inc., and Chas. E. Weigold
Co., both of New York, joint¬
ly, as 2s, at a price of 100.59, a
15,
1949. Due
March
on
$16,000,
payable
to
the
for
District,
is required.
15 from
Liberty, Stevensville Water Dist.
(P. O. Liberty), N. Y.
Bond
Sale
March
—
The
$140,000
bonds
15—v.
169,
awarded to R. H.
im¬
offered
1166—were
p.
Johnson
and Herbert R. Sims
on
&
Co.,
&
Co.,. both
jointly, as 2.40s, at a
price of 100.593, a basis of about
2.35%. The bonds are dated April
1, 1949, and mature on April 1
of New York,
from
1950
to
1984
inclusive.
Sec¬
ond
high bid of 100.73 for 2y2swas
made by George B. Gibbons & Co.,
Inc., and Chas E. Weigold & Co.,
jointly.
New York
City Housing Authority,
New
York
Note Offering—Thomas F. Far-
rell,
Chairman,
sealed
bids until
will
receive
noon
(EST) on
23
for
the
purchase of
$32,453,000 Issue XXXVIII notes.
Dated April 15, 1949. Due
$10,701,000 on Oct. 17, and $21,752,000
on Dec.
15, 1949.
Legality to be
approved by Caldwell, Marshall,
March
Trimble &
City.
the
Mitchell, of New York
Such opinion, together with
printed
notes,
will
be
fur¬
nished to the successful purchaser
without
Pittsford,
Mendon,
Offering
Triangle, Lisle, Barker, Chenango,
Nanticokem
and
Maine
(Broome
County), Marathon and
Willet
(Cortland
County),
and
Greene
and Smithville (Chenango County)
Central
School District
No.
Lortscher, District Clerk, will
re¬
ceive
(EST)
sealed
on
bids
March
25
until
for
2
the
to
$48.80,
Town
the
for
the
at
will
First
Narrowsburg.
are
bids until 3 p.m.
(EST)
of 1/10
interest
National
The
bonds
to
exceed
5%
registered
$120,000 not
interest
school
coupon
bonds.
or
Dated
clusive.
Principal
and
interest
payable at the New York
Trust Co., New York. A certified
check for $2,400, payable to order
(M-S)
of the
ity
District, is required. Legal¬
by
Vandewater,
approved
Sykes,
Heckler
New York
Galloway,
&
of
City.
N.
Troy,
Bond
Offering
Collins,
City
receive
sealed
(EST)
—
Y.
Lawrence
Comptroller,
bids
until
4%
interest
$625,000
2
J.
as
High
1957
1959
to
to
exceed
or
Denom.
and 1958, $21,000 in
1961, $20,000 in 1962
1967, and
$25,000
in
receive
1968
to 1976.
School
1949
one
bonds.
Reconstruction
Denom.
for $500.
sealed
$1,000,
Due July 1, as
follows:
until
3
p.m.
pur¬
$57,500
1949, $62,500 in 1950, $65,000 in 1951, $76,000 in
1952,
$83,000 in
1953, $80,000 in
1954, $85,000. in 1955 and 1956,
and $30,000 in 1957 to 1961.
in
335,500 Street Improvement and
Equipment 1949 bonds. De¬
nomination
$1,000, one for
$500. Due July 1, as follows:
$47,500 in 1950, $49,000 in
1951, $53,000 in 1952, $58,000
in 1953, $27,000 in 1954, $22,in
pressed in
a
of
interest,
multiple of y4
or
ex¬
1/10
Delivery of the bonds will
p.m.
be made at the office of
pur¬
Delafield
&
Hawkins,
Wood, of New York
1
Due
The
bonds
others
State bonds
terial
of
report
of
the
Commission,
which
bound to find
of
the
(whether
the
exceed
E.
of
multiple
y4 or 1/10 of 1%. Principal
and interest (F-A) payable at the
Bank
of
Hammondsport, Ham¬
mondsport. The approving opinion
a
A
cost
the
check
certified
to
for
$2,240, payable to the District, is
required
■J
-
Yorktown, Parkway Water District
(P. O. Yorktown), N. Y.
Bond
Sale—The
system
fered March
17—v.
water
bonds
169,
of¬
1166—
p.
awarded to Geo. B. Gibbons
were
&
$90,000
construction
Co., Inc., and Chas. E. Weigold
Co., both of New York, jointly,
&
2.60s,
as
at
price
a
of
100.38,
basis of about 2.57%,' Dated
1, 1948.
Due
1968
highest
on
a
Dec.
the
bonds,
bidder
for
Bond
includes
at
price
a
of
In
to
Cherry,
outstanding
taxing unit
notes
Bond
Offering—W.
the
of
transmittal
Governor
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids at his office in Raleigh
until
11
building bonds.
nomination
name a
bonds.
Dated
Commission
Bonds
other
indebtedness
000
15,
follows:
as
$31,000
subse¬
A
.
final
deals
and
j.
the
in
debt
report
counties
period
tion
kind
that
the
default
in
occurred
from
1959
from
to
1967 to
000 from
1951
to
1966
1970
1971
to
1956
incl.;
cipal and interest (A-O) payable
in
New
York
the rate
City.
or
rates of
expressed
in
1%.
approving
The
a
Bidders
to
interest,
multiple of y4
opinion
of
of
Mitchell & Pershing of New York
City, will be furnished the
pur¬
chaser. A certified check for
$13,-
500,
urer,
payable
to
is required.
the
State
Treas¬
of
Cincinnati]
price of
100.833,
The bonds
Jan. 15, 1949 and ma¬
semi-annually, on June IE
15
;
*>-,
to 1971
1950
from
•
,
,
Ohio
Dover,
Bonds Sold—An issue of
bonds
has
been
for
sold
Board,
Investment
follows:
1
$22,50(
the City
to
as
.
bondsj
$12,500 street improvement
10,000 street resurfacing bonds.
condi¬
county
during
been
financed
and
behalf
efforts
of
the
and
program
supervised
toward
225 units is
by
1969
the
March
Fahey,
light
March
system
15—v.
awarded
to
169,
the
bonds
p.
elec¬
Corp., of Greensboro, and J. Lee
Peeler & Co., of
Durham, jointly,
at
Dated March 1,
1
from
>
price of par, a basis of about
2.37%, as follows:
6s.
Due
on
Bond
169,
p.
group
as
4s.
Due
on
as
2 (4 s.
Due
to
1949. Due on Dec.
1972 inclusive.
(P• Q'
County
Sale—The
$750,000 hos¬
March l^rY*
awarded to a
composed of Braun, JB°S
& Co., Inc., Toledo, Fahey,
& Co., and Ball, Burge
'
1058—were
Kraus, both of
April 1 from
1956 to 1963 incl.
45,000
worth
April 1 from
1951 to 1955 incl.
20,000
1950
pital bonds offered
Clark
as
Hayden.
Co.,
Lancaster), Ohio
v
a
$10,000
&
1058—were
composed
Ryan, Sutherland & Co., of 1 ledo, and Breed & Harrison,
Cincinnati, as 2.y2s, at a Prlce7<100.29, a basis of about 2.4//»•
offered
Securities
p.
group
&
,1166—were
Vance
a
Fairfield
$100,000
Cleveland, as
at
100.58,
a
about
on
from 1964 to 1972 incl.
April
1
Ohio
Co., Prescott, Hawiey,
Shepard & Co., all of Cleveland,
Tarboro, N. C.
tric
to
Clark
Miller
justorecently join¬
Sale—The
169,
15—v.
awarded
(Chairman); Henry L.
Corp., Durham,
capacity of Vice-President.
Bond
District,
City School
$600,000 build¬
ing and equipment bonds offered
practically completed."
"Mr. Johnson
1950 tc
Bond Sale—The
ed First Securities
in the
Dec. 1 from
on
inclusive.
Euclid
than
Members of Commission: *Chas.
M. Johnson
as
and mature
di¬
eliminating
more
Russellville, of Rus¬
of
3y4s, at a price oi
100.05, a basis 'of about 3.244/0,
The bonds are dated Dec. 15, ^
being
are
Bank
sell ville,
the other four.
intensive
$34,000
incl. Prin¬
Co.
&
a
the depression has Eagle Rural School District (P>
Fincastle), Ohio
practically removed, there
still being a few plans
Bond
Sale —The
$20,000 im¬
slightly less
than 100% consummated. At June provement bonds offered March If
30, 1948? there remained five of —■v. 169, p 1058—were awarded tc
debt
incl., and $35.1978
1(
dated
Treasurer
this
Feb
'
concluded within the
was
so
which
at
V
follows:
of
offered
inclusive.
refinancing* plans
operative in the six years' period.
In this connection, the Commis¬
"Refinancing
White
and; Dec.
settlements
negotiated
which became
as
schooj
425—were awarded tc
p.
21/2s,
ture
the
$48,000
basis of about 2.417%.
to
readjustments via
sion notes
A.
as
are
exhibit
with
increased
Sale—The
;169,
y.
postwar financing for
new
construction
and
improve¬
ments, the total outstanding on
had
W]
Co., of Cincinnati.
bonds
ment
con¬
sequence of
30, 1948,
$253,401,915.
rev¬
sold to
addition,, construction and equip¬
compiled by the Commis¬
June
been
(P. O. South Salem), Ohio
Bond
$240,518,759, the low¬
However, in
has
Bucksin Valley Village Sch. Dist.
quently refinanced with bonds. On
30, 1946, outstanding bonds
est total
system mortgage
bonds
E. Hutton &
June
in
1950;
inch;
$16,000 in 1957 and 1958; $14,000
from
Bidders/ tc
Sold—An issue of $100,-
water
enue
1949. Denom. $1,000. Due on April
$14,000
$1,000.
single rate of interest.
Blanchester, Ohio
Bridges; Thad Eure; Edwin Gill;
R. Linn Bernhardt; W. F. Carr; S.
Preston Douglas; James G. Hanes;
John L. Skinner; W. E. Easterling
-15,••
(Secretary).
April
weri
ad¬
for the purchase of $675,000 not to
exceed 6% interest electric
light
coupon
These bonds
authorized at the election held or
Dated April 1, 1949. De¬
Feb. 15.
(EST) oh March 22
a.m.
3s, at
Offering—John M. Peschal
R.
the default condition of
Easter-
E.
as
.
March 29 for the purchase of
$79,
000
not
to
exceed
3% interes
school
or
out that local debt
rected
'
$1200(1
$48,000
par.
OHIO
letter
a
dressed
Commission
*
The second
earlier year.
Thus: the
NORTH CAROLINA
1
Clerk of the Board of
Education
will
receive
sealed
bids
unti
a
Dec. 1 from 1949" the smaller municipalities still to
be refinanced in this manner, one
The
second
was
Roosevelt & of which has since been so re¬
2.70s,
April
Wahpeton Sch. Dist., N. Dak.
of
inclusive.
lot).33.
on
Due
NORTH DAKOTA
of the outcome of the bond issues
gold by the various units since the
made in
Cross,
2y2s.
23/48,- and
as
price of
loans) on June 30, 1942; June 30,
1944; June 30, 1946, and on June
30, 1948. Included also is a record
of
without
April
highest bidder was R. S. Dicksor
& Co., for $10,000 as
2y>s,
Easterling,
study
local
sion since 1932.
the rate
name
of
il
on
Government
members
W.
each
Due
1966.
ma¬
Secretary. The
comparsion
of
debt
and
as
1948
in
Local
include
Anril
from 1967 to 1972
incl.
(State of)
value
are
follows
on
Dated April 1, 1949.
interested, in local
great
incl. Bidders to
interest, expressed in
purchaser.
30,000
Local Debt Study Issued—Deal¬
and
as
Due
4%s.
as
1965
$210,000 2y2s, $25,000 2y4s, and
$140,000 2s, was made by the First
Securities Corp., of Durham.
aggregated
furnished
10,000
dated March 1,
high bid of 100.032
for
ers
214 s.
as
as 2y2s.
Due on
Anril
from 1957 to 1964
incl.
are
Second
2
20,000
March 1,1968
on
2.82%,
from 1952 to 1956
incl.
and 1969.
incl.; $2,000 from 1964 to 1968
incl., and $3,000 from 1969 to 1978
name
rate
March
on
and
to
$1,000. Due Aug. 15,
as follows:
$5,000 from 1949 to 1960
incl.; $4,000 from 1961 to 1963
April
the
$10
^,000
1949. Denom.
not
Kinstcn, N. C.
1949. Denom. $1,000, and $500.
Due July 1, as follows:
Due
incl.
5% interest school, 1949, coupon or
registered bonds.
Dated Feb. 15,
$112,000
1961.
of 1%.
bids
Joseph
L.
Clerk, will
March 22 for the
on
of
$9,500 in 1949, $12,000 in 1950, $13,000 in 1951 to
1956, and $4,000 in 1957 to
744,000 Incinerator, Street Imp.,
and
Fire
Apparatus bonds,
2y4s,
lS
J.
price of loom
a
b
basis of about
a
1
Gregg
pointed
outstanding on
June 30, 1942, amounted to
$362,413,199 which consisted of bonds
(EST)
chase
to
119,500
—
District
be
Series A
$1,000.
Due July 1, as follows: $45,000 in 1949, $20,000 in 1950,
$18,000 in 1951 and 1952, $21,000 in 1953, $20,000 in 1954 and
1955, $19,000 in 1956, $18,000
in
Offering
Swarthout,
p.m.
School,
bonds.
bonds
Vandewater, Sykes, Heckler &
Galloway, of New York City, will
registered
follows:
coupon
the
will
March 22 for the pur¬
on
when
ready for delivery.
Bond
March
on
notified
1962
to
North Carolina
Pulteney, Wayne, Bath,
Wheeler and Tyrone Central
School District No. 1 (P. O.
Hammondsport), N. Y.
Offering — Carl R. Bird,
District Clerk, will receive sealed
24 for the purchase of
be
1955
40,000 iy2s.
/
-
in a multiple
Principal
and
1%.
boro, jointly, at
i,
March
on
Board,
bidder at the Town Clerk's office,
on or
about May 1, 1949, and he
Bond
name
A.
check
Urbana,
1
l%s.- Due
from 1963 to 1967 incl.
1949.
awarded to
Co., of Durham, and
th<
Securities Corp., 0f
Green
Vance
March 1 from
on
1954 incl.
to
125,000
check
will be delivered to the succesful
1, 1949. Principal
(J-J) payable at the
City Treasurer's office. Bidders to
George
—
a
Bank,
price of 100.40.
a
and interest
(P. O. Pittsford), N. Y.
Bond
name
payable
Dated
Henrietta and Victor Central
School District No. 1
1950
150,000
(166—were
®
Peeler &
$60,000 5%s. Due
1969
May 1, 1949.
Bidders to
single rate of interest,
Trust
1955, $23,000 in 1956,
and $28,000 in 1957 and 1958.
Perinton,
Dated
expressed
000
charge.
certified
is required.
V
of
bidder was the Marine
Co., of Buffalo, as 2s, at
1949
provement
payable
1950 to 1964 inclusive. The second
bonds, divided
check
A
certified
highest
out
certified
1950 to
from
from 1950 to 1953 inclusive.
1
A
basis of about 1.82%. Dated March
chase of $1,824,000 not to
A
1
P
follows:
as
$1,850
2,440 water
bonds.
Denomina¬
tion $610.
Due $610 on May
p.
954—were
B.
Gibbons &
way, of New York City, will be
furnished to the purchaser with¬
cost.
May
on
Due
of
15—v
interest cost of about 2.096%,
net
registered bonds,
bonds.
water
Town
Arnold
from
$37,000
Co.,
Y.,
may
receive
follows:
as
Due
from 1973 to
Sale—The
Tabor
Associates, Inc., of
City, N. C>
Raleigh, and R. S. Hays & Co., of
Bond Sale—The
$70,000* wate,
Durham, at a price of 100.015, a bonds offered March
Nei-
E.
will
ofer &
$740, payable to the Town
Board, is required.
New
or
at such other
be agreed with the
purchaser about April 15, 1949.
The approving opinion of Vandewater, Sykes, Heckler & Gallo¬
als
water coupon or
divided
inclusive.
$5,000 from 1954 to 1958 inclusive,
and $7,000 from 1959 to 1968 in¬
inclusive; $25,000 from 1953
1960
inclusive, and $30,000
Clerk,
sealed bids until 2 p.m. (EST) on
March
30
for
the
purchase of
Y.
N.
follows: $20,000 from 1950 to
1952
pay¬
for
Solvay,
March 15, 1949. Denomination $1,000. Due on Sept. 15, as follows:
as
Offering—John
Town
re¬
Dated March 1, 1949. De¬
nomination $1,000.
Due on March
1,
Bond
(P. O. Whitney Point), N. Y.
Offering—Charles
March
April
on
A certified check for
payable
quired.
York
giore, District Clerk, will receive
on
Treasurer
the bonds
office of the
March 1 from 1950
on
$36,480,
City, is required.
,000. as 13/4S.
1977 incl.
$375,000 school
Dated April
1, 1949. Xh„
building bonds offered March 15
ehest bidder
highest
was
-v. 169, p. 1166—were awarded to
Kirchofe, *
Arnold
Associates, Inc for
a group composed of J. Lee Peeler
as
2ViS, and $70,000 as
& Co., of Durham; Vance Securi¬
price of 100.09.
' at
ties Corp., of Greensboro; Kirch-
A
cost.
for
25
North Carolina
Narrowsburg Water Dist.
(P. O. Narrowsburg), N. Y.
&
Bond Sale—The $134,000 build¬
ing bonds offered on March 17—
v.
169, p. 1166—were awared to
H.
1949.
of
tric
Elbridge), N. Y.
E.
District
is
Elbridge, Sennett and Brutus Cen¬
tral
Delivery
$2,-
County,
without
check
Monday, March 21,
i94!
County (P. O. Carthage),
Bond
Tusten,
pur¬
A certified check for
180, payable
required.
purchaser
certified
able to the
$39,440 not to exceed 4% interest
will be made at the
may
the
ger,
chaser.
Moore
on or about April 1, 1949.
approving opinion of Haw¬
kins, Delafield & Woods, of New
York City, will be furnished to
approving opinion of Reed,
Hoyt & Washburn, of New York
City, will be furnished to the pur¬
The
office,
place
City,
ter, Pittsford Branch in Pittsford.
about April 1, 1949, at the County
such
CHRONICLE
The
Security Trust Co. of Roches¬
other
at
to
name
the rate of
Treasurer's
or
Due
1950
Bidders to
FINANCIAL
&
1949.
price
of
Dated
1.67%.
Due
on
Nov. 1
1964 inclusive.
a
4 >
basis o
April ■
from
1950
Number 4787
Volume 169
County (P.
Lancaster), Ohio
Franklin
THE
O.
COMMERCIAL
&
FINANCIAL
CHRONICLE
Miami
Twp. Local School District -inclusive. The second
highest bid¬
(P. O. R. 2, Zion Road,
der was Fahey, Clark &
Co., for
Cleves), Ohio
2y4s, at a price of 101.72.
homa
(1279)
City,
100.02,
as l%s, at a price of
basis of about 1.74%. Due
a
1956,
$76,000
1958
and
63
in
1957, $78,000 in
$80,000 in 1960,
1961, $84,000 in 1962,
1963, $88,000 in 1964,
1965, $92,000 in 1966,
1967, and $96,000 in
principal amount of
is subject to prior re¬
1959,
Sale—The $20,600 bonds
from 1952 to 1955 incl. The sec¬
offered March 15r-^v. 169, p. .1058— -^Rond.Offering—W. E. Wulfhorst,
ond highest bidder was Calvert &
Somerset, Ohio
were
awarded to Sweney, Cart- Clerk of the Board of Education,
Bond Sale Postponed-*—The sale Canfield, for l%s, at a price of
wright & Co., of Columbus, as will receive sealed bids until noon of
100.009.
$8,915:10 street improvement
134s, at a price of 1Q0.421, a basis (EST) on April 4 for the purchase
special assessment bonds, original¬
of $37,500 4%
pf about 1.698%. Sale consisted of:
OREGON
building bonds. ly scheduled for March
said
$11,000 Sewer District Marion No.
l, water improvement No. 227
demption as a whole or in part, at
the option of the District on June
Bond
'
Due on Sept. 1 from
bonds.
Dated April 15, 1949.
Denomina¬
tion $50Q. Due $1,500 on
Oct. 15
from 1950 to 1974 inclusive.
Bid¬
ders may bid for different rates of
1950 to 1959 inclusive.
interest, expressed in a multiple of
9,000 Sewer District Marion No.
Yi of 1%. These bonds were au¬
1, sewer improvement No. 226
'■'/
Due on Sept.
bonds.
from
1
1950 to 1958 inclusive.
.
bonds
All of the
;
dated April
are
Second high bid of 100.08
1, 1949.
—
Ohio
Bond Award Deferred
White &
Twp. Local Sch. Dist.
Hamilton
'
'
•
—
J.
A.
Co., Cincinnati, naming
a
price of 101.06 for 23/4s, was high
bidder for
the
$50,000 bonds
(P. O. Jackson), Ohio
'
Bond Off ering— Albert Swartz,
(Clerk of die Board of Education,
will receive sealed bids at the of¬
.
_
offered March
10—v.
169,
p.
954.
Award of the bonds has been put
21. The offering
off until March
of Schools,
improvement
(EST) on March 30 for the pur¬
of
$10,000
6%
building
bonds. Dated March 15, 1949. De¬
clusive.
nomination $500.
Due $500 on
10,000 swimming pool bonds. Due
March 15 from 1950 to 1969 inclu¬
on April 1 from
1951 to 1970
sive. Bidders to name the rate or
inclusive.
rates or interest, expressed in a
Oak Harbor, Ohio
multiple of V4 of 1%. Principal
Bond Offerings—Emma Gordon,
and interest payable at the office
of the official depository for the Village Clerk, will receive sealed
District which
currently, is the bids until 7 p.m. (EST) on April
Iron Bank, Jackson., The approv¬ 5 for the purchase of $4,085 3%
ing opinion of Peck, Shaffer & street improvement, Spec. Assmt.
Dated March 1, 1949. De¬
Williams, of Cincinnati, will be bonds.
furnished by the Board of Educa¬ nomination $400, except one for
tion; A certified check for $100, $485.
Due on Nov. 1, as follows:
4
$485 in 1950, and $400 from 1951
inclusive.
1959
to
the rate
name
di¬
$55,300
street
bonds.
Due
on
.May 1, as follows: $11,300 in
1951, and $11,000 from 1952
to
1955
inclusive.
162,000 street
May 1,
bonds.
Due
on
follows: $16,000 from
1951 to 1959 inclusive, and
$18,000 in 1960.
30;000 sewer bonds. Due $6,000
.
as
May 1 from 1951 to 1955
on
or
Bidders
to
rates of interest,
Dated May
tion $1,000,
payable
except one for $300.
interest
(M-N)
at the Chemical Bank
& Trust
Co., New York City. Bid¬
Principal
ders to
and
name
the rate
interest, expressed in
rates of
or
multiple
of V4 of 1%.
Legality to be ap¬
proved by some market attorney
and furnished
and
paid for by
the successful bidder.
check for 1%
a
A
certified
of the amount bid,
payable to the City Commissioner
of
the
Treasury, is
required.
Bond
Offering—Anna
Ohio
S. Evans,
Clerk of the Board of Education,
will receive sealed bids until noon
fire
apparatus and: equipment bonds
offered March 12—v. 169, p. 954—
were awarded to J. A. White. &
(M-N).
The ap¬
proving opinion of Squire, San¬
ders
& Dempsey, of Cleveland,
together with the printed bonds,
Co.
will
1969
Sale —The
Bond
expressed' in a multiple of
,
$15,000
of
Cincinnati, as 2V4S, at a
price of 100:74, a. basis of about
bonds
The
2.122%.
dated
are
April 1, 1949 and mature oh Oct.
1
of
Interest
;
be furnished at the expense
of the
Village.
A certified check
for
$50, payable to
Clerk, is required.
the
above
(EST)
on
chase
of
inclusive.
the rate
or
Bidders
to
name
rates of interest, ex¬
pressed in a multiple of y4 of 1%.
These bonds were authorized at
inclusive.
1959
to
1950
from
1%.,
y4
the general election held on Nov.
2, 1948. ' A certified check for
$375,000 build¬ $400, payable to the Board of
was
ing bonds offered March 14—v. Education, is required. (These are
Co. of Toledo.
; r
169, p. 1058—were awarded to the bonds originally offered 011
Jefferson Union Local Sch. Dist.
Hayden, Miller & Co., of Cleve¬ March
14.)
(P. O. Richmond), Ohio
land, as 2V2S, at a price of 101.63,
Washington Township (P. O.
Dated
Bond Offering — The Clerk of a; basis of about 2.327%.
Centerville), Ohio
the Board of Education will re¬ March 1, 1949, and due on Dec. 1
Bond Sale
The $20,000 fire
from 1950 to 1969 inclusive. Sec¬
ceive sealed bids until noon (EST)
ond high bid of 101.58 for 2y2swas protection bonds offered March 10
on March 28 for the purchase of
—v. 169, p. 954—were awarded to
$214,000 4% building bonds. Dated made by the First Cleveland Corp.
J. A. White & Co., of Cincinnati,
April
1,
1949.
Denomination
Parma, Ohio
as 2y4s, at a.price of 101.13, a basis
$4,250
except
one
for
$5,750.
Bond Offering — Geo. Wesker- of about 2.05%. Dated March 1,
Due $5,750 on April and $4,250 on
ling, City Auditor, will receive 1949. Due on Dec. 1 from 1950 to
Oct. 1, 1950, and $4,250 on April
sealed bids until noon (EST) on 1959 inclusive.
The second high¬
and Oct. 1 from 1951 to 1974 inclu¬
April 4 for the purchase of $100,- est bidder was the First Cleveland
sive. Bidders to name the rate or
000 3% fire station coupon bonds. Corp., of Cleveland, for 2y4s, at a
rates of interest, expressed in a
Dated April 1,1949. Denomination price of 100.44.
multiple of-% of 1%.
$1,000. Due $5,000 Dec. 1, 1950 to
1969, Bidders may bid for a dif¬
OKLAHOMA
;
Lorain County (P. O.
Second
high bid of 100,38 for 2 y4s
made-by Ryan-, Sutherland &
March
were
awarded
tional
at
Bank
Oxford Local School District, Ohio
—
Ore.
1059—
p.
the
to
First
Na¬
Portland, as 2y>s,
100.21, a basis of
of
2.44%.
on
169,
March
Dated
1,
March 1 from 1950 to
1968.
The
bonds
1, 1959, or any interest payment
date thereafter upon notice of re»-
demption given by publication at
once at least 30
days prior
least
to
the
date
lated
in
of
redemption,
in
a
f
published and circu¬
newspaper
the
County, at
the principal
equal
price
a
to
amount
thereof together with unpaid in¬
terest accrued thereon at the date
1959 inclusive.
Harney County School District
No. 30 (P. O. Hines), Ore,
of redemption.
Principal and in¬
Bond Offering—Michael E. Salo, terest
(J-D)
payable
at
the
District Clerk, will receive sealed
County Treasurer's office.
Bid¬
bids until 8 p.m. (PST) on March ders to name the rate of
interest,
21 for the purchase of $65,000 not
expressed in a multiple of y4 of
to
exceed
bonds.
6%
Dated
15,
from
as
1959
1960
bonds
interest school 1%.
The approving opinion of
April 15, 1949. Due Winfree,
McCulloch,
Shuler
&
follows: $4,000 from Sayre of Portland, will be fur¬
inclusive, and $5,000! nished to the purchaser.
A cer¬
1964
to
inclusive.
issued with
are
a
The
reserved
option by the District to call and
redeem in numerical ord6r and in
the manner provided by law, on
April 15, 1954, and subsequent in¬
terest paying dates, any or all of
the
bonds
City, at the option of the purchas¬
These bonds
at
the
1948.
election
were
held
authorized
on
Nov.
8,
The
approving opinion of
Winfree,
McCulloch,
Shuler
&
Sayre, of Portland, will be fur¬
nished the purchaser. A certified
check for $3,250 is required.
County, River Road Water
District (P. O. 116 Elkay Drive,
Eugene), Ore.
Bond Offering—S. R. Holeraan,
District
will receive
sealed bids until 8 p.m. (PST) on
March 22 for the purchase of $40,000 general obligation bonds.
Secretary,
the bonds offered on Nov. 9,
1948, for which the only bid re¬
ceived was rejected.)
are
Marion County Union
High School
(P. O.
Saint Paul), Ore,
District No. 3
Bond
the
of
School
sealed
receive
-
bids
Board,
until
8
(PST) on March 21 for the
purchase of $80,000 not to exceed
3% interest school bonds. Dated
p.m.
July 1, 1949. Denomination $1,000.
Due $5,000 on July 1 from 1950 to
1965 inclusive. Principal and in¬
terest (J-J) payable at the
Treasurer's office
or
terest
the
fiscal agency of the State, in
York City, at the option of
New
the
purchaser.
The approving
opinion of John W. Shuler, of
Portland, will be furnished the
purchaser. A certified check for,
$5,000 is required.
County
A
bids
4 for
to
until
7 p.m. (PST) on April
the purchase of $185,000 not
exceed
1949
check
$2,000 is required.
Linn
and
Marion
interest
Dated
fire hall,
May 2, 1949;
Denomination $1,000. Due on Jan.
2,
follows:
as
to 1955
1956
$18,000
from
1951
inclusive, and $19,000 from
to
for 2%
1960.
A
certified
check
is required.
PENNSYLVANIA
Derry School District, Pa.
Bond Offering—James H. Cald¬
Counties
well,
District
ceive
School District No. 29J
;
4%
bonds.
at the fiscal
certified
furnished.
Offering
—
Rex Butler,
City Recorder, will receive sealed
of the State in New York
City.
The approving opinion of
John W. Shuler of Portland, will
be
H. W. Bowers,
(A-O) .payable at the
Treasurer's office, or at
agency
for
—
Clerk, will receive sealed
bids until 8 p.m. (PST) on March
28 for the purchase of
$176,000 not
to
exceed
6%
interest building
bonds.
Dated April 1, 1949. De¬
nomination $1,000. Due April 1, as
follows: $17,000 from 1950 to 1953
inclusive, and $18,000 from 1954 to
1959 inclusive.
Principal and in-:
Bond
Bond Offering—G. L. Thurston,
Chairman
Offering
District
Salem, Ore.
County Regular Schw Dist.
95 (P. O. Scio), Ore.
No.
will
check for $30,000 payable'
District, is required. (These
County
Lane
Linn
tified
to the
then
outstanding and
unpaid.
Principal and interest
(A-O) payable at the County
Treasurer's office, or at the fiscal
agency of the State in New York
Bond Sale—The
.
9—v.
of
price
a
about
er.
Vinton Local School District,
March 23 for the pur¬
$31,500
2%
building
bonds. Dated March 1, 1949. De¬
nomination $550 and $800. Due $550
on May and Nov. 1, 1950, and $800
on May and Nov.
1 from 1951 to
Huron, Ohio
fered
1950 to
1, 1949. Denomina¬
Pass,
Sale—The
$93,305.45 im¬
provement, Series 1949 bonds of¬
April
inclusive.
swimming
pool
bonds.
Dated April 1, 1949. Due on
April 1 from 1951 to 1970 in¬
payable to the Board of Education,
is required.
bonds,
coupon
follows:
as
Bond
1949. Due
County Superintendent
in Jackson, until noon $40,000
chase
noon
(EST) on April 5
purchase of $247,300 3%
the
consists of:
fice of the
,
bids until
$375, payable to the Board of Edu¬
cation, is required.
Newcomer stown,
Grants
'
Toledo, Ohio
Bond Offering. — Ruby
Klein,
City Auditor, will receive sealed
.
vided
l%s was made by the First
Cleveland Corp; /
•:
'
:
at the - election held on
Nov. 2, 1948. A certified check for
thorized
was
postponed until March 26.
for
for
(
19,
$82,000 in
$86,000 in'
$90,000 in
$94,000 in
sealed
Secretary, will
bids
until
7.30
re¬
p.m.
on April 4 for the purchase
$15,000 school bonds.
(EST)
of
•
ferent rate of interest in a multi¬
Elyria), Ohio
Note Sale—The
•
i
c
a
1
$116,406.67 spenotes
assessment
March 4
169, p. 850 — were
the First Cleveland
v.
—
awarded
offered
to
Corp., of Cleveland,
as
follows:
$97,761.47 Vincent County Sewer
District No. 6, Water Supply
Improvement No. 100 notes, as
IV4S, at a price of 100.007, a
•
basis of about 1.24%.
18,645.20 Griswold Road
Sewer
County
District No. 11, Water
Supply Improvement No. 100
notes, as lVzs, at a price of
100.01, a basis of about 1.49%.
V
Dated
March
15,
1949. Due on
March 15, 1951.
Ryan, Sutherland
&
bidder
land
are-
Co., for $97,761.47 as iy2s, and
'
t
.•
.
.
v
.
Bond'
Sale—The
improvement
bonds
169,
$38,575
special
offered
on
March
1058—were
p.
street
14—v.
awarded
to
Ryan, Sutherland & Co., of To¬
ledo,
as
3s, at
a
price of 100.614, a
basis of about 2.93%.
are dated March
ture
on
The bonds
1, 1949,- and ma¬
Nov, 1 from 1950 to
inclusive.
.
1969
'
the
at
dencing the legality thereof
and
the
printed bonds will be fur¬
nished promptly. Bond attorney's
opinion at option and expense of
the
amount
the
bidder.
successful
for
check
certified
the
of
Enclose a
of the
1%
bonds, payable to
city.
Salem Local School District (P. O.
Route
1, Fayetteville), Ohio
Sale—The
$36,000 build¬
ing and equipment bonds offered
March 9-—v. 169, p. 850 — were
awarded to J. A. White & Co., of
100.21,
assessment
authorized
bonds
Cincinnati,
Mendon, Ohio
t
the
general election on Nov. 2, 1948.
A transcript of proceedings evi¬
Bond
was
for $18,645.20 as iy2s.
•A.;
presently, the Cleve¬
Trust Co., Cleveland. These
depositary,
The second high¬
est
ple of y4 of 1%. Principal and in¬
terest (J-D) payable at the legal
a
Dated Jan.
15
from
a price of
about 2,98%.
14, 1949. Due on Jan.
3s,
as
basis
1951
to
at
of
1974 inclusive.
Sandusky, Ohio
(P. O. Lyons), Ore.
Award, Okla.
Luzerne, Pa.
Bond
Bonds
Sold—An issue of $4,995
improvement bonds
has been sold to R. J. Edwards,
water
works
ber,
Offering—Mrs.^Alice HuDistrict Clerk, will receive
sealed bids until 8 p.m.
(PST) on
March 24 for the purchase of $82,-
—
The $88,000 water
Offering—Leonard
Caw-
ley,' Borough Secretary, will
ceive
sealed
bids
until
8
re¬
p.m.
(EST) on April 6 for the purchase
6%
interest
of $24,000 3% general obligation
Dated March 24,
the election held on
couppn bonds.
Dated March 1,
1949. Denomination $1,000, except
1949.
Denomination $1,000. Due
one for $800.
Due on June 1, as
Beaver School District, Okla.
March 1, as follows: $5,000 in 1951
follows: $8,000 from 1950 to 1953
Bond Sale Details—The $104,to 1954, and $4,000 in 1955. Bids
inclusive; $9,000 in 1954; $8,000
500 building and furniture bonds
will be received for the entire is¬
from 1955 to 1958 inclusive, and
sue.
purchased by the Small-Millburn
Any of the said bonds may be
$9,800 in 1959. Principal and in¬ called at
Co., of Wichita, on a bid reflect¬
par on March 1, of any
terest (J-D) payable at the County
ing a net interest cost of about
year upon 30 days' notice as there¬
Treasurer's office, or at the fiscal
in
stated.
Interest M-rS.
These
2.49%, as previously noted in v.
agency of the State in New York
bonds are issued subject to the
169, p. 954 were sold as 2y2s,
City, at the option of the purchas¬ favorable
at a price of 100.02.
opinion of Henry Greener.
These bonds were authorized
wald, of Wilkes-Barre, and will
Cherokee, Okla.
at an election held on Nov. 22,
be delivered to the purchaser only,
The approving opinion of
Bond Sale — The $25,000 storm 1948.
if and after the proceedings au¬
John W. Shuler, of Portland, will
sewer bonds offered March 8 were
thorizing the issuance thereof have
be furnished the purchaser. A cer¬
awarded to C. Edgar Honnold, of
been approved by the Department
Oklahoma City, as 2s, at a price of tified check for $250 is required.
of Internal Affairs of the Com¬
100.05, a basis of about 1.99%. Marion County Sch. Dist. Noi 24CJ monwealth. Enclose a certified,
The second highest bidder was the
cashier's or treasurer's check for
(P. O. Salem), Ore.
First Securities Co. of Kansas,
j
Bond
Offering — Connell
C. 2% of the face amount of the
Witehita, for $16,000 as 2s and
Ward, District Clerk, will receive bonds, payable to the Borough
$9,000 as 2y4s.
Treasurer.
Inc.,
These
of
Oklahoma
bonds
were
City,
as
5s.
800
not
to
exceed
authorized at
building bonds.
Oct. 26, 1948.
sealed bids until
County, Farry Con. Sch.
Dist. No. 2 (P. O. Star Route
7:30 p.m.
(PST)
April 12, for the purchase of
j
$1,500,000 not to exceed'4% inter¬
works system improvement bonds
No. 8, Alva), Okla.
est school coupon bonds.
Dated
offered March 14—v. 169, p. 954—
Bond Sale—The $37,700 build¬ June 1, 1949. Denomination $1,000.
were awarded to the First Cleve¬
Due June 1, as follows: $62,000-in
land Corp. of Cleveland, as 2 V4S, ing, repair, and furniture bonds
at a price of 102.21, a basis of offered March 15—v. 169- p. 1167 1950. $64,000 in 1951, $66*000 in
about 2.03%. Dated April 1, 1949.. —were awarded to the First Na- 1952, $68,000 in 1953, $70,000 in
Due on Oct. 1 from 1950 to 197li;tional Bank & Trust Co., of Okla¬ 1954, $72,000 in 1955, $74,000 in
Bond Sale
Bond
Wood
on
Pittsburgh,
Bond Sale—The
Pa.
$6,600,000 cou¬
bonds offered March 17—v.
169, p. 1059—were awarded to a
syndicate headed by Halsey,
Staurt &
Co. Inc., Chicago, as
pon
1.80s, at a price of
100.375, a net
#
64
.(1280)
THE
interest cost of about 1.764%. Sale
consisted of:
1059—were
Due
highest
April 1 from 1950 to
on
1969
Union
Co.
&
in
Inc.
the
bonds
under¬
writing are: Glore, Forgan & Co.,
Goldman, Sachs & Co., both
of New York; Blair & Co., Chi¬
cago; E. H. Rollins & Sons, and
Dillon
dicate
headed
by the
Union
about
2.21%,
$80,000
Schoellkopf, Hutton & Pomeroy,
Haupt & Co., Fidelity Union
Trust
Co., Newark, and Bacon,
from
195,000
169,
—v.
$70,000
offered
to
1956
to
Agar, S. Dak.
Sold—An issue of $4,000
Bonds
electric
System funding bonds has
sold
as
the
to
Onida
Bank, of
2M>s.
Point
for
169,
to
1953
March
on
payable
Borough of Steelton, and
Pauphin County which also levy
Steelton
shown
are
as
follows.
Swoyerville
Bond
School
District,
Pa.
on
March
April 1, 1949. Denomination
Due
on
April
1,
as
fol¬
lows: $2,000 in 1951 and 1952; $3,-
be
and
to
1954,
1965
and
$5,000
inclusive.
furnished.
for
to
2%
the
The
A
of the
certified
bonds,
pay¬
District Treasurer,
is
required.
Upper Moreland
Township School
District (P. O. Willow
Grove),
Pennsylvania
Bond Sale—The $75,000 school
bonds offered March 10—v.
169, p.
955
were
awarded to Stroud
&
Co., of Philadelphia. The sec¬
ond highest bidder was
Schmidt,
Co.
RHODE ISLAND
Newport, R.
Note
a
I.
$200,000 notes
offered March 15—v.
169, p. 1168
awarded
tional Bank of
discount.
and
on
to the First Na¬
March
June
13,
15, 1949,
1949.
The
Second National Bank of
Boston,
only other bidder, named a rate
of
0.84%.
be
Union
20,
1949.
A
on
or
certified
Henry
Investments,
election
an
to
be
be
of
the
sub¬
held
in
future.
near
Bond
1059.
The
bonds
8c
169,
sold
Oconee County,
Details—The
$240,by
Co., of San Antonio, and
Rauscher, Pierce 8c Co., of Dallas,
jointly, as previously noted in v.
169,
purchased
&
p.
852—were sold
$90,000 3%
water
from
150,000
1951
to
3V2%
bonds.
follows:
as
and
funding bonds.
2.338%.,
v.
Texas
sewer
Due
re¬
April 1
1964 inclusive.
water
Due
on
and
Dated Feb.
$60,000
on
Feb. 15 from
2i/4s.
Due
on
Feb.
said
15
1, 1949.
2V2s.
Due
on
Feb.
Agent —The Guaranty
Trust Company of New York has
for
co-paying
$5,000,000 electric
enue
All
of
optional in
April
on
thereafter prior to April
1, 1964, at
maximum rate of each issue.
the
agent Legality
power
be
terest, and thereafter or on April
1,
1959,
on
any
interest
date
Nashville, Tenn.
Paying
appointed
Dallas.
to
are
1, 1964, or on any interest date
thereafter at par and accrued in¬
15
from 1966 to 1969 inclusive.
been
Bank,
bonds
rev¬
approved
Parkhurst &
bonds, series B.
by
McCall,
Crowe, of Dallas. ■.
Malakoff, Texas
TEXAS
Bonds Sold—An
Atascosa County Road Dist.
000
No.
4
sold
(P. O. Jourdanton), Texas
Sold—An issue of $200,000 road bonds has been sold to
Dittmar & Co., and the Columbian
Texas
Sold—An issue of
$550,000 school house bonds has been
sold to the First of Texas
Corp., of
San
Antonio,
and
Associates.
These are the bonds for which all
on
jected—v. 169,
p.
March 7 were
re¬
1168.
Dist.
(P. O.
&
Co.,
Longview),
sold at
of about
a
2.49%,
Seneca Sch. Dist.
No. 63
(P. O. Seneca), S. C.
Sale—The $95,000 school
bonds offered March 15—v.
169, p.
ceive
sealed
(EST)
$150,000 2Y4S. Due
on
Feb.
10
in
,1,100,000
2%s. Due on Feb.
from 1952 to 1961 incl.
10
^
(CST)
on
of
March
30
for
a.m.
the
pur¬
$3,460,000 not to exceed
3%> interest coupon
bonds, divided
as follows:
1969
Tyler,
Texas
office.
Bidders
to
interest, expressed
of
(M si
Treasured
name
the rate
a
multiole
of 1%. The
approving opin¬
Chapman & Cutler, of
Chi
will
cago,
$10
County (P.
Appleton), Wis.
bids
March
on
until
7.30
p.m.
for
25
-
0.
Bonds Sold—An issue of
$80 000
garage building bonds has
been
sold
to
the
Milwaukee Co., of
Milwaukee, at a price of 102.28
Due in 1950 to 1953 incl.
bonds. Dated April 1,1949. De¬
pon
nomination $1,000. Due on
April 1,
as
follows: $20,000 from 1951 to
1957 inclusive, and
$5,000 in 1958.
Bidders are to name a
single rate
interest, expressed in
of V4 of 1%.
payable
CANADA
Canada
Treasury
multiple
a
of
Principal and interest
at
the
First
National
Bank, of Boston. The approving
opinion of Storey, Thorndike, Pal¬
mer & Dodge, will be furnished to
the purchaser. The bonds will be
on
(P. O. Ottawa)
Sold—An issue
Bills
$75,000,000
sold
treasury bills
June
was
March 10, at 0.42% inter¬
on
est. Dated March
11, 1949. Due
on
10, 1949.
MANITOBA
Neepawa, Man.
about
or
April 20,
Bond
Sale—The $30,000 town
1949, at the First National Bank,
bonds offered Feo. 4 were awarded
Boston, against payment in Bos¬
to James Richardson &
ton funds.
Sons, of
Winnipeg, as 3^s, at a price of
Rutland, Vt.
100.52, a basis of about 3.39%. Due
of
Note
notes
Sale
awarded
to
The
—
offered
$100,000 tax
March
the
9
First
on
Nov.
1
from
1949 to 1958 incl.
were
Winnipeg, Man.
National
Debentures
Sold—An
issue
of
Bank, of Boston, at 0.87 % interest.
$1,350,000 3% local improvement
11, 1949. Due on Oct. debentures has been sold to A. E.
Dated March
1949. Legality approved
Storey,
Thorndike,
Palmer
Dodge, of Boston.
by
&
Ames & Co., of Toronto, and Bank
of Montreal and Associates.
Due
April 1 from 1950 to 1959 incl,
on
VIRGINIA
ONTARIO
Portsmouth, Va.
Bond Offering—W.
Guy Ancell,
City Manager, will receive sealed
bids
until
noon
(EST)
Chelmsford, Ont.
Bond
Sale—The
bonds
offered
March
awarded
purchase of $250,000
21/2% ferry coupon bonds. Dated
April 1, 1949. Denomination $1,-
$100,000 town
Feb.
4
were
Toronto,
29
for
on
the
000.
Due
1950
to
and
interest
$25,000
1959
Chase
on
(A-O)
National
Bank
of
to
New
The
approving opinion of
Wood, King & Dawson of New
York,.will be furnished to the
the
cer¬
$5,000, payable to
Roanoke, Va.
Agent —The Manufac¬
Co., New York, has
appointed New York paying
Ottawa,
$1,100,000 2%% public
improvement bonds, dated Dec. 1,
!;
Chapman,
Va.
—
Town
saled
W.
Frank
Manager,
bids
until
awarded to
of A.
The Bank of
the
Montreal, at
of
$415,000 not to
3,631,000
a
2.96%, as follows.
2%%
electric railway
314%
electric railway
system purchase
The
debentures.
highest bidder was
second
Wood, Gundy & Co., Royal Ban*
Ottawa, Nesbitt, Thomson &
Co., and Dominion Bank, Toronto,
for
jointly, at
to
1956
inclusive,
to
1969
and
in¬
clusive.
1, 1949.
$1,000. Principal and inter¬
(F-A) payable at the Chemical
Co., New York City.
of the bonds will be
the Chemical Bank &
$250,000 bonds
awardedi w
were
of Montreal,
a
of a
$176,500 3% school bonds. Dueo
Nov. 1 from 1949 to 1958 incl3%%
Nov.
on
1
u
1»
school bonds,
from 1959 to
inclusive.
Sauveur-Des-Monte,
St.
Denomina¬
9
price of 99.05, a basis
3.40%, as follows:
at
.73,500
1964 inclusive.
Bank & Trust
Feb.
L. G. Beaubien & Co.,
150,000 incinerator bonds.
Due
$10,000 on Feb. 1 from 1950 to
Dated Feb.
Commission, Que'
Sale—The
offered
$265,000 water bonds. Due on Feb.
1; as follows: $10,000 from
price of 101.78;
Hull School
4% interest coupon
bonds, divided
as follows:
$15,000 from 1957
a
QUEBEC
Bond
at
McTaggart,
Gordon, all
price of 102.07, at
system purchase debentures.
exceed
Delivery
about
$2,669,000
pur¬
March 29
of
made
syndicate composed
8c Co., of Toronto,
Montreal, Royal Se¬
Corp.,
and
Hannaford, Birks &
of
a.m.
on
est
a
E. Ames
will
11
(EST)
1950
$6,300,000
of
Salem,
Offering
receive
Ont.
Sale—The
debentures offered March 10 were
for
Bond
1950 to 1964 incl.
Debenture
basis
Trust
1948.
Co., of
&
as
4V2S, at a price of
basis of about 4.73%. Due
curities
A
City, is required.
Paying
a
March 1,
Principal
payable
York.
tified check for
98.50,
Gairdner
to
April 1 from
inclusive.
tion
Bond Sale Details—The
$120,000
street
paving
bonds
awarded
March 4 to the Columbian
Securi¬
interest
000, payable to the
County Treasis required.
chaser
follows:
Rauscher, Pierce & Co., of Dallas,
Houston, T exas
as follows:
Bond
Offering — Mrs. M. H.
$135,000 revenue bonds.
Westerman, City Secretary, will
150,000 tax bands.
receive sealed bids
chase
to
the pur¬
chase of $145,000 fire station cou¬
been
net interest cost
as
and
Outagamie
agent
Stephenville, Texas
Bonds Sold—An issue of
$350,Bonds Sold—An issue of
000 school bonds has been
sold to
$285,000
R. A. Underwood 8c
wht&r
bonds" were
sold
to
Co., of Dallas.*
10
1964
on
Offering—Errol W. Rich¬
ardson, Town Treasurer, will re¬
by
Texas
until
due
Bond
R.
—were
Principal
be furnished
to the
purchaser, at the expense of
the
County. A certified check for
2l/zs,
VERMONT
turers
K. Dunbar & Co., of San An¬
tonio, at a price of 100.005, as
previously noted in v. 169, p. 427
March 1 from
1951 to I960
on
Brattlehoro, Vt.
on
Bond Sale Details—The
$1,250,000
road
construction
and
im¬
provement
bonds
purchased
0f
interest
ion of
were
1950 and 1951.
Gregg County, Pine Tree Indep.
Sch.
Tucker
These bonds
County (P. O.
Corpus Christi), Texas
1
Bonds
C.
Nueces
3s and 2%s.
Carthage Indep. School District,
James
authorized at the election held
Dec. 28, 1948.
Securities Corp., both of San An¬
as
to
exceed 3%
March 10
$125,- purchaser without charge.
of
system bonds has been
Inc., of Austin.
Bonds
tonio, jointly,
water
issue
«
purchase
inclusive,
on
1963
from
Mil
receive
fCST\
urer
Denomina¬
inverse numerical order
from 1954 to 1965 inclusive.
as
10
R
will
payable at the County
1969
20,
sewer
April 1 from
Principal and interest
payable at the Mercantile
National
1950 to 1953 inclusive.
as
to
1965 to 1976 inclusive.
p.
as
(A-O)
3s. Due
1964
inclusive.
tion $1,000.
as
to
$20,000
delivered
bonds
revenue
Russ
the
were
Sale
000
incl.
on
of
1951
and
of
-
SOUTH CAROLINA
Bond
with
previously reported in
Boston, at 0.795%
Dated
due
will
the
These bonds will
ject to
Township
net interest cost of about
bids received
Sale—The
—were
the
Details—Webster
—
Poole &
of
bonds has been sold to
B.
Dallas.
Equit¬
Corp., in the pur¬
chase
of
$330,000 hospital and
highway bonds, at a price of par,
opinion of Towns&nd,
Elliott & Munson, of
Philadelphia,
able
Louis
certi¬
able Securities
approving
check
to
associated
were
40,000
(EST)
p.m.
1955
bonds
Indep. Sch. Dist., Texas
Sold—An issue of $125,-
Bonds
000
Sale
until
will
A
May
Joshua
Gibson,, and the Temple Securities
Corp., both of Nashville, jointly,
25 for the purchase of $40,000 gen¬
eral
obligation
coupon
bonds.
1953
the
office
Bapk in Houston,
000 school
County (P. O.
Maryville), Tenn.
200,000
from
of
the
at
purchaser.
Holcombe, Mayor, is required.
Blount
sky, Secretary of the Board of Di¬
rectors, will receive sealed bids
in
The approving opinion of Reed,
Hoyt & Washburn, of New York,
from
10
improvement bonds:
sewer
March
Killeen,
Offering—George Volan-
$1,000.
1,
rate of interest, expressed in a
multiple of lk of 1%. Principal
and interest (M-N) payable at the
Chase National Bank, New York
follows:
7:30
May
10
due
Offering—Arthur
l',?°,Unty Clerk-
$600,000 not to
inclusive,
2Vts,
O
county home bonds. Dated
Mawh
1, 1949. Denom. $1,000.
Due seo
$38,-
March
on
1963
$30,000 21As, due
May 1, 1949. Denomina¬
$1,000. Bidders to name the
about
TENNESSEE
23—v.
the
Bond
$10,000
to
$32,000
from
1974.
Treasurer, is required.
the rates set by the School District
000
Due
made
of the amount
the
tax rates set for each of the years
1938 to 1948 by the Borough, and
Dated
inclusive.
with
award
in
bonds.
1950 to
Che
sealed bids until 10
am
March
25
for
the
inclusive.
50,000
Recreation
and
check for $69,200, payable to O. F.
p.
taxes
Park
National
bid,
$300,000
1
due-
1951
and
1974.
Delivery
Township (P. O.
Point), S. Dak.
Amended—In
1167, we are informed by
C.
C.
Collings & Co., Inc., of
Philadelphia, that the second par¬
agraph on page 11 sub-heading 14,
of the Financial Report should be
changed to read as follows: "The
of
to
250,000
Offering—T. M. Harring¬
ton, Township Clerk, will receive
school improvement bonds sched¬
uled
Library ; System
$4,000 May 1, 1950
Public
bonds. Due
21/4S,
March
will be furnished to the
Report
connection
000
from
Dated
fied check for 10%
Steelton, Pa.
Financial
:
100,000
2.265%.
1950
$70,000 water works bonds:
Vl
required.
County (Pm
Juneau), Wis.
Bond
2.39%, as previously
169, p. 956—were sold
v.
*
WISCONSIN
price of 100.11, as follows:
a
..
1950 to 1979.
Georgia, Atlanta, G. H. Craw¬
ford & Co., Frost, Read & Simons,
Cumberland
Securities
Corp.,
Nashville, and Varnedoe, Chisholm & Co., joinly, for $64,000 as
21/2s, and $211,000 as 2V4S, at a
price of 100.03, a basis of about
Schmidt, Poole & Co., of Philadel¬ 000 not to exceed 4% interest gen¬
phia, as 2s, at a price of 100.58, a eral
obligation
bonds.
Dated
basis of about 1.92%. Dated April March
1, 1949. Denomination $1,1, 1949. Due on April 1 from 1950 000.
Due $2,000 on March 1 from
to 1974 incl.
at
"...
sealed bids until 1 p.m. (CST) on
March 29 for the purchase of $8,-
flood
14
'
noted in
to
Major Street and High¬
bonds. Due $7,000 May 1,
way
of
Elk
1950
1,
May
is
Dodge
cost of about
bonds.
Improvement
-
210,000
the Trust Co.
SOUTH DAKOTA
Treasurer,
Wharton, Texas
1,
May
350,000 Storm Sewer bonds. Due
$14,000 May 1, 1950 to 1974.
inclusive.
1949. The second
was
$40,000
$35,000
1959.
April 1
on
1965
Due
Street
Due
1
inclusive.
Due
Recreation
and
Bond Sale Details—The $120,000
1950 to 1974.
various bonds purchased by the
700,000 Permanent Paving Street
First of Texas Corp., and Roe &
Improvement bonds. Due $28,Co., both of San Antonio, jointly,
000 May 1, 1950 to 1974.
on a
bid reflecting a net interest
350,000 Bituminous Surfacing
W.
Bond
March
bonds.
169,
F.
April
on
1955
to
highest bidder
Onida,
1059—were awarded to
p.
17—v.
Due
2i/4s.
as
Elk
Sale—The
road
follows:
as
Dated April 1,
been
Williamsport, Pa.
bonds
March
1950
from
Stevenson & Co.
Bond
$275,000
Park
ti
t?
Tow!
the
inclusive.
1974.
to
1,000,000
awarded
2s.
as
Se¬
Ira
control
bid reflecting
tion
curities Corp., New York, and in¬
cluding, among others, C. J. Devine & Co., Dick & Merle-Smith,
A. C. Allyn & Co., Laidlaw & Co.,
South
.
Craigie & Co., of Richmond, and
Hamilton & Co., of Chester, joint¬
ly, at a price of 100.07, a basis of
&
Co., both of
New York; Stroud & Co., Phila¬
delphia; Hornblower & Weeks,
Lee Higginson Corp., C. F. Childs
& Co., George B. Gibbons & Co.,
Inc. and First of Michigan Corp.,
all of New York; Dolphin & Co.,
Philadelphia; Mullaney, Wells &
Co.,
Chicago; Rambo, Close &
Kerner, Buckley Securities Corp.,
and E. Lowber Stokes & Co., all
of Philadelphia.
Second high bid of 100.28 for
1.80s, or a net interest cost of
about 1.773%, was made by a syn¬
offered
1059—were
p.
and
Eastman,
Tuberculosis Hospital ties Corp. of Texas, of San An¬
$4,000 May 1, 1950 tonio, on a bid reflecting a net in¬
terest cost of about 2.14%, as pre¬
to 1974.
325,000 Sanitary Sewage Dispos¬ viously noted in v. 169, p. 1168—
al System bonds. Due $13,000 were sold at a price of par. The uity
will
be
furnished to
total consists of $58,000 2J/2S, due
May 1, 1950 to 1974.
purchaser. A
certified chert
75,000
Public
Library
System from 1950 to 1956 inclusive, and 2% of the face
amount of
bonds. Due $3,000 May 1, 1950 $62,000 2s, due from 1957 to 1961
bonds,
payable
to
County (P. O.
Sale—The
Bond
Monday, March
21, ig4
bonds. Due
The second
Robinson-
was
on a
CHRONICLE
FINANCIAL
&
$100,000
Union), S. C.
dated
are
&
net interest cost of about 2.48%.
a
April
Associated with Halsey,
1949.
1,
Stuart
bidder
inclusive.
All of the bonds
1949.
1,
Humphrey Co.,
2,000,000 series A funding bonds
of 1949.
Due on April 1 from
1950 to
Jan.
Dated
1969 inclusive.
Courts
bid reflecting
on a
net interest cost of about 2.44%.
a
$4,600,000 series A general public
improvement bonds of 1949.
to
awarded
Co., of Atlanta,
COMMERCIAL
Qu*'
000 v,
^
bonds
offered
Feb. 7 wen*
awarded to the.Dudley D
^
Bond
MontrealI
as 3W
price of 94.o4. D
from 1950 to 1969 iuc
Ltd., of
3V2S, at
Jan.
1
Sale—The $30
»,
a
•
@FedFRASER