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iUfc. ADM
MAR 2 2 1943
lltRAKY
MONDAY
\al and.
ommetciaL
Beg.
Volume
New
Number 4161
157
STATE
U.
S.
Office
Pat.
York, N. Y., Monday, March 22, 1943
AND
CITY
Price 60 Cents
a
Copy
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
000
4%
Tunnel
pation
Corporation News
City News
improvements
Stock
Of
(See Index Below)
Mobile, Ala.
Bond Offering—City
ler
Discussed
Refunding
—Hayse
Tucker, State Director
Finance, reports that progress
is being made toward submitting
a
proposal to the Legislature to
refinance
a
total
of
$4,447,000
bridge
bonds of
the
Alabama
Bridge Authority and the Ala¬
bama Bridge Corporation, under
a single consolidated issue, prob¬
ably through the Alabama High¬
way Corporation.
The bonds in
question are callable at premiums
of
on
six months' notice.
Jefferson
Birmingham), Ala.
Sale—Marx
Bond
&
March
on
15
and
the follow¬
ing $409,000 bonds, paying a price
of 99.14 for
2y4s,
a
basis of about
2.30%.
(CWT)
$20,000 on April 1 from 1961
1970
to
84,000
incl.
bonds.
road
refunding
Dated April
1, 1943 and due
April
follows:
from
1,
as
1961
to
1967
$10,000
incl.
and
$14,000 in 1968.
55,000 refunding courthouse con¬
struction
bonds.
Dated
May
1, 1943 and due May 1, 1957.
,53,000 refunding bonds.
Dated
April 1, 1943 and due April 1„
as
follows: $5,000 from 1961
to
1969 incl. and $8,000 in
1970.
sewer
payable in New York
City in legal tender. General ob¬
ligations; registerable as to prin¬
cipal alone.
Authorized at the
election held on May 14, 1942, by
approximate
9 to
1
majority.
highest price bid, not less than
par
and accrued interest.
De¬
livery on or about April 6, at
place of purchaser's choice.
In
the event that prior to the deliv¬
of the bonds the income
ceived
by
holders
private
from
acter
shall
terms
of any Federal income tax
law,
at
the
be
re¬
type and char¬
same
taxable
successful
by
bidder
the
may,
his
election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case the deposit
accompanying his
bid
will
be
the
interest
authorized
total
issue,
(called the "se¬
any
returned.
The
of Commissioners
receive sealed bids until 10
(CWT)
on
chase of
ap¬
of the Tunnel in the
24
dike, Palmer & Dodge of Boston.
Second high bid of 99.13 for 2V4S
was
made by Halsey, Stuart &
Co., Inc., and Ward, Stern,
& Leach of Birmingham.
Agee
issue of
the
will
a.
March 31 for the
m,
pur¬
$3,500,000 not to exceed
$4,500,000 to be issued for
purpose
of
(1)
providing
funds, with other
moneys
in the
Mobile
Sinking
Fund
available
the
Tunnel
for
such
redemption
of all of
ties,
last year.
purposes,
for
May 1, 1943,
the outstanding
$2,577,on
and
all
bonds
Responding to an inquiry made
by Refsnes, Ely, Beck & Co.,
Phoenix, concerning the Phoenix
offering, the law firm stated that
of
maturity must bear in¬
cities' of
calendar months immediately pre¬
rate.
same
PreScott
"the
ahd
Flagstaff,
High School District
and Phoenix
ceding the date of delivery of is
reported to have evinced in¬
such bonds, after deducting the
terest in the subject. The refund¬
expenses of maintaining, repair¬
ing plan was apparently advanced
ing and operating the Tunnel, on
the
assumption
that
the
shall have been in excess of two
Arizona Supreme Court decision
and
two-thirds times that amount
in the
which must be deposited annually
to the credit of the sinking fund
Maricopa County
mits Phoenix
case per¬
to refund its bonds
at lower interest cost, despite the
provide for the pay¬
fact that most of the outstanding
ment of the interest on and the
issues have always been consid¬
principal and redemption prem¬
in
order
to
ered
ium of all of said issue which will
then
non-callable.
This
be
existing
opinion
of
the
(Arizona) Supreme Court (in the
Maricopa
County
case)
is
so
broad in its implication that our
opinion on
the
(Phoenix)
re¬
case
able.
interest
The
term
bonds
re¬
interest
any
earlier
payment
date
bearing road
recently
were
The Arizona
on
upheld
not
that
than
true
in
the
of the Maricopa County high
which
be
may
deemed, when selected by lot,
obligations
refinanced.
high court, however,
county's contention
the
the
statute
pursuant
to
May 1, 1948, from
which the bonds were issued per¬
moneys in the sinking fund for
mitted the county to refinance
the bonds of said issue in excess
of
the
aggregate
them
of
amount
(a)
bonds
of
said
issue
then
provided this could be ef¬
fected
the amount of interest payable on
such interest payment date on all
on
basis.
lower
a
interest
Accordingly,
the
rate
county
called upon the State Loan Com¬
out¬
missioners
to
refund
its
on
be¬
standing, (b) the amount of the
half $4,100,000 road bonds and,
principal, if any, of serial bonds
at the resultant offering on Feb.
maturing on such interest pay¬
1
last, only one bid was sub¬
ment date, (c) the amount of the
interest payable on the four suc¬ mitted, which was subsequently
accepted.
ceeding interest payment dates on
The
Court
Supreme
decision
complete surprise to
municipal bond dealers and in¬
vestors as the bonds in question
were sold by the county without
a
specific callable clause and,
naturally, had always been ac¬
cepted and considered as being
came
as
a
not earlier than
the
The
state
Loan
May 1, 1948, from non-callable.
of new refunding Commissioners advised the Coun¬
proceeds
bonds
or
other
ty
made
moneys
available for such purpose.
Commissioiners
Such
dated
upon
would
pay¬
said
February
not
of the principal amount of
the bonds to be redeemed and ac¬
filed in
the
crued
nection
with
interest,
premium
or
of
together
4%
if
a
redeemed
on
prior to May 1, 1951, 3% if
re¬
deemed thereafter and
to
with
May 1, 1956, 2%
thereafter and
on or
outcome of
on or
prior
if redeemed
prior to May
I
10
"execute
refunding
a
in
last
or
letter
a
that
it
deliver
bonds"
pending
test suit previously
State
the
funding bonds
municipal
and
bonds
that
courts
in
con¬
refinancing.
The Supreme Court ruling in
the Maricopa County case, more¬
was
viewed as being so
over,
broad in implication as to apply
in equal force in the case of any
well
as
as
school
be
other
district
issued
prior
by the
Supreme Court on the question
must necessarily refer to said deto
| cision
1
may
further
a
and
declaration
the
possibility
that
said bonds will be subject to call
at any time,"
The attorneys declared that this
would be followed with
course
respect to the offering then be¬
ing made by the city, despite the
that the refunding bonds in
question were being issued under
fact
different
a
volved
statute
in
the
than
that
Maricopa
in¬
County
decision.
Phoenix city officials were op¬
about the benefits to be
timistic
derived
by
the
taxpayer
and
pointed out the refunding would
eliminate
tleneck
the
that
serious
the
1946 when about
likewise
was
outstanding as the same
respectively become due and pay¬
ment
approved
legality by Storey, Thorn-
rates
one
terest at the
proving
opinions
of
Cecil
F.
Bates, of Mobile, and of Masslich
all of the bonds of said issue then
& Mitchell, of New
York, will be
furnished the purchaser without outstanding, and (d) the amount
of the next two maturing install¬
charge.- Enclose a certified check
for $10,800, payable uncondition¬ ments of principal of serial bonds.
And all of the bonds of said issue
ally to the City,
at any time outstanding
(both se¬
Bond Offering—H. G.
Ziegler, rial bonds and term bonds) may
City Comptroller, announces that be redeemed in whole at any time
Board
bonds issued since
there¬
stallments, as follows: $75,000 on
May 1 in each of the years 1945;
Phoenix, Ariz.
to
1949,
inclusive, $100,000 on'
Refunding Proposed—The City
May 1 in each of the years 1950
Commission
unanimously
ap¬
to 1954, inclusive, and $125,000 on
proved at a meeting on March 11
May 1 in each of the years 1955
a
proposal made by Boettcher &
to
1959, inclusive, and the re¬
Co., and Peters, Writer & Chrismaining $3,000,000 bonds (called
tensen, Inc., both of Denver, to
the
"term
bonds")
mature
on
refund $7,000,000 of outstanding
May 1, 1969.
city bonds.
In
submitting
its
The bonds now offered include
proposition, the syndicate stated
all of the $1,500,000 serial bonds
that $7,257,000 of the city's out¬
and $2,000,000 term bonds.
None
standing bonds of $9,021,000 are
of the remaining $1,000,000 term
refundable.
Similar
refunding
bonds may be issued unless the
plans are being prepared for the
courthouse and 4% interest tunnel revenue an¬
redemption may be made
Dated April 1, ticipation bonds. The bonds con- 30
days' published notice by
due April 1, 1957.
stitute part of a total authorized
The bonds have been
to
Principal and
interest
ery
tunnel
tunnel.
revenues
on
of
5,000 refunding
jail bonds.
as
re¬
noon
bonds. Denom.
000 in 1966 to 1972.
the
12,000 refunding courthouse and
jail
bonds.
Dated
May 1,
1943 and due May 1, 1957.
1943 and
until
bids
March 25 for the. pur¬
$540,000
3%
coupon
$1,000. Dated
May 1, 1942.
Due on May 1 as
follows: $15,000 in 1945 to 1955,
$20,000 in 1956 to 1965, and $25,chase
bonds of the
$200,000 series B refunding road
and
public building bonds.
Dated April 1, 1943 and due
j
Commissioners will
sealed
ceive
Comptrol¬
Zeigler states that'the
The bonds will be awarded at the
-
Co.
Watkins, Morrow & Co., both of
Birmingham, purchased at public
auction
G.
Board of
an
County (P. O.
H.
redeemed
or
ARIZONA
Miscellaneous
Proposed
the
$1,500,000 bonds
rial bonds") mature in annual in¬
Unlisted Securities
(State of)
of
of the
Exchange
ALABAMA
and
on
enlarge¬
plaza and his bid the amount and maturities
improvements constituting of the bonds of each rate.
No
approaches to and integral parts bid may name more than three
Out-of-Town Listed Markets
Alabama
if
1913 by coun¬
municipalities
and
school
districts
throughout
the
State.
deemed thereafter.
This was emphasized by Messrs.
Dated April 1, 1943.
Gust, Rosenfeld, Divelbess, RoDenom¬
ination $1,000.
Bidders are re¬ binette & Coolidge of Phoenix,
quested to name the interest rate who furnished the legal opinion
or rates in
multiples of lk of 1%, on the $339,000 Phoenix, Ariz.,
and each bidder must specify in refunding bonds sold on Dec. 22
and
street
Exchange
Curb
1%
1960,
prior to May 1,
1964, and without premium if re¬
the Mobile River, and
(2) providing funds for financing
QUOTATIONS
York
1,
after
City,
the cost to the City of construct¬
ing
New
the
nel under
.
ments
New York
Antici¬
Revenue
of
dated
May 1, 1939, which were issued
for paying a part of the cost of
constructing the Bankhead Tun¬
In This Issue
State and
bonds
bond
city
bot¬
faces
in
$1,400,000 worth
of bonds become due.
tatives
ing
of
the
ahead
Represen¬
syndicate are go¬
the proceedings
with
while
awaiting the clarification
toy the Supreme Court of the
questions involved in the Mari¬
County proceedings, and if
copa
the plan can be completed, a sub¬
stantial cut in the municipal tax
rate
it
this
was
year
seems
a
certainty,
said.
Under
the
proposal the syndi¬
cate agreed to take care of all the
proceedings for the
of VA%
refunding
bonds issued, or $12.50 per $1,000
bond, according to Arizona press
sum
of the par value of all
reports^ This
sum is the full re¬
for any and all the
services rendered in the issuance
of new refunding bonds and can¬
muneration
cellation of the
The
serves
outstanding ones.
specifically re¬
syndicate
the right to bid on the
re-
INDEX
Quotations:
Quotations:
Page
Page
New York
Stock Exchange
New York Curb Exchange
104a
Other
1070
Stock
Unlisted
1Q65
Exchanges
Securities
1075
State and City Department:
Bond Proposals and Negotiations. 1033
General Corp. and Investment News. 1045
Dividends Declared and Payable
1039
Redemption Calls and Sinking Fund
Notices
1039
The Course of Bank
Foreign
Combined
Federal
1075
Rates
Condition Statement
.".
Reserve
Condition
1044
of
Banks
Banks
Member
ment
Clearings
Exchange
1044
State¬
.1044
plan
the
of facts
bond issue in handling
proceedings.
Under the law
the bonds must be offered at pub¬
July
CONNECTICUT
ARKANSAS
scheduled to issue $150,000 not to
of the State Refunding
man
Board,
is
given
notice
that
announces
resolution duly
of
pursuance
in
Chair¬
M; Adkins,
Homer
adopted by the Refunding Board,
and, as provided by Act No. 150
General Assem¬
of the Acts of the
bly of the State for the year 1941,
that the Refunding Board of the
State will receive
tenders until 11
(CWT) on March 26, at the
Treasurer's office, of the
m.
a.
State
following obligations:
1. State of Arkansas,
31/4%, A.
O., State Highway Refunding,
Serial Series bonds, dated April
tk
general obligations of
Direct
2.
the United States of
turing
1953.
America^ ma¬
April 1,
than
later
not
.
,
.
..
amount due
All
with
and revenues.' Tenders
a
flat price. .No ac¬
interest will be paid on
•standing
at
be
must
crued
obligations accepted, and
the
the
acceptance or rejection
part of the bonds so
tendered is reserved.
Immediate
•confirmation will be made of ac¬
light
of
of all
or
any
cepted tenders, and payment will
be made on April 1.
Forms to be
used in submitting fenders may
„
^
-
.
Waldron)i Ind.
Offering—George W. Ap¬ -bonds;.
ple/Township Trustee, will re-'
Bond
ceive sealed bids until
000
4
Sharpe stated that most of
the bonds are held by trust funds
and related that one bank offered
to sell some of its holdings to the
sidered -at an election on
the
funds.
Sharpe's
has in other trust
Mr.
Under
sinking
plan, the Treasurer, with
approval of the Bond Invest¬
ment
Committee and the Gov¬
fund
the
would invest-present bond
in Government
securities
or
other
securities
ernor,
retirement "funds
which
legal' investments
are
State's
the
would
fund
to the
for
The
savings banks.
thus yield a return
State, with such income to
to
the resources for
added
be
debt
outstand¬
The
retirement.
from
1
.
April 27,
'•!,•
Calumet City,
Refunding
B
suit has
a
Court
Superior
of
by, the
-
,
Court writs which would
incl.
1,
1943.
of
prohibit
Judge L. Robert Rivarde in Jeffeison
Parish
from
assuming
jurisdiction in a suit in which the
Jefferson Drainage Dis¬
/ Fourth /
dated
trict, La., seeks $226,680 as dam¬
name
ages
expressed
bonds
the
Supreme
Louisiana
to .the
plied
Jan.
tion
are
Bidder
interest,
to
from the city for expropria¬
of lands/necessary for the
Moisant
furnished the successful bidder.
Injunction
been filed in
1954
to
-
City—The city, recently ap^
■Front
on
•
:
Drainage District Asks $226,680
in a multiple of
of 1%. Legal
opinion of Matson, Ross, McCord
&■ Ice
of
Indianapolis will be
were
according
Airport,
to
reports.
press
The
lands, according to the city,
expropriated "for national
defense
and
not
as
a
private
-
-
Sought—Newspapers reports state
that
1945
rate
piie
III.
d
o «
Due $500
1 from 1944 to 1959 incl.
•
All
?
ILLINOIS
♦
follows:
as
LOUISIANA
New Orleans, La.
interest
4%
.•/••
,-•'••<"'•/
-
J
on
10,000 civil township bonds. De/■... mom. $625. Due $625 on July
April
municipals which it
local
exceed
'\-nom $500,
>
been rejected previously
by the voters on Aug. 4, 1942.':.;
the State, in turn,
would sell to the institution some
of
to
building bonds,
having
if
only
p.m.
$5,000 school township bonds. De-
bonds will again be con¬
revenue
wrote.
Mr.
not
of considering the
.
April 9 for the purchase of $15,-
...
...
urer
7
on
(CWT),
p.m.
petition of the county for the. ap^
proyal of the. issuance of bonds
to
refund
the
above
described
l
j
at ,1:00
for the purpose
May 1, 1943.
Ky!,!
Frankfort,
at
29th
March
Liberty Township (P. O.
>/
■v
.
bonds will be purchased
primary regard to the best
interest
of,
the
State's
credit
,*
j
t
State
1, 1944.
1, 1941, maturing" April
Officer,
refunding bondk to
a
maturity of like
for
Mondays/March 22, 1943
.
general, refunding- bonds,: .datedMarch 1, 1936/, are being advised
tuat a hearing will-be held at the
office of the State Local Finance/
,
Tenders—Gov¬
Bond
For
Asks
4%
provide
Sell
bonds, dated Feb.'1, 1926, due
Bonds — The State is meeting
on
Feb. 1 in 1946 and- 1947j
with little success in its efforts
tendered at 109.25.
to induce holders of its bonds to
13,000 3!'2"-5% Lakeland 'general.
sell them back to the State,' it
refunding bonds, dated-July.
was
recently
stated
by
State
;
.1, 1936/due July 1, 1966, ten?
Treasure*; Carl M. Sharpe, in an¬
•.dered at-99.27.
"
nouncing that he had written to
the
Finance 'Committee of the ./■'/;IDAHO
:
Legislature suggesting a law per¬
Coeur d'Alene, Ida.i
—
mitting him to establish a sinking'
Bond Electron..-*--J. R. Wilcox,.
fund. The State Bond Retirement
Fund now totals $8,277,966 and City Clerk, reports that 'an issue
of $212,000 water system purchase
will continue to grow, the Treas¬
1
ernor
>
Indianapolis, Ind.
: '
Plans Refunding Issue—City is
.
exceed
To
Decline
Bondholders
(State of)
Arkansas
-.-'V'-V t %
9,000 5% Orange County Special
Tax
School
District No.
1
Connecticut (State of)
'
;
at
tendered
1965,
1,
95.80.
sale.
v
INDIANA
17,000 4-5%
Palatka > refunding
bonds, dated July 1,1935, clue
the finding
of composition,
reported.
funding
lic
FINANCIAL 'CHRONICLE
THE COMMERCIAL &
1034
the
Indiana
commercial /
enterprise" -/ under
seeking to /„ Ogden School District, Iowa
restrain the above city! from is¬
Bonds yoted—-At an election on
suing
$425,000 worth:, of bonds March 8 the voters approved an
to
refund a series of defaulted issue of $17,500 school completion
provisions of Section 1 of Act
222
of
1936, and if action is
brought for damages it should be
special assessment bonds.
,
The
railroad, represented by
Attorney
Elmer Schnackenberg,
who also is speaker of the Illi¬
nois House of Representatives, as¬
serted the bond issue will amount
Parish
Belt Railroad,
Harbor
.
double
bonds.
/;/
•
■■
_
-
Webster
1
City Sch. Dist.
(P. O.
Voted—The
issuance
approved
the
by
at
voters
./,
Jefferson
/
,
,
v
.
the drainage district
by impairment of its outstanding
of
bonded indebtedness and will
bonds / was
$10,000 " construction
than
rather
Court.
its suit
In
contends that it will lose $194,000
' * Webster City), Iowa
.
Bonds
Orleans
in
/■■■/•'// ./•••/
fer
$32,680.52
an
damages
as
suff
as
a
result of the seizure and use of
also.'al¬
election on March 3.*
ing bonds mature :$1,250,000 an-;
/
"
three drainage canals..
leged the issue will exceed Cal¬
dually, .the last block being due umet City's maximum bond priv¬
The
city,
according • to
the
"V
//' KENTUCKY '/'
.• ■''/;■■
be obtained by request, at the of¬ in 1958.
ileges.
An injunction was asked
drainage
district,
has
evicted
Louisville Bridge Commission, Ky.
fice of the Refunding Board.
plaintiffs from some 800 acres
FLORIDA
| against Mayor Jaranowski, .other f Bond Call
The Bridge Com¬
Taxes
Lost
On
Delinquent
city officials, the county clerk and
Of land, comprising one-third of
mission on March 12 voted to call
Avon Parky Fla.
Drainage District Lands—A pro¬
the"county treasurer. .' T
;:/
the acreage of the district.
f
for
••
.
.
■
to
It
taxation/
•
—
vision of the constitution, as con¬
various "judges of
Chancery Courts in Arkansas, is
strued
by
the
permitting drainage districts and
their assigns to escape large prop¬
erty tax payments to the State,
.according to records of the Ar¬
Office.
kansas Land
Many thousands of acres of land
these dis¬
have been foreclosed by
of, assess¬
tricts for non-payment
and
ments
lieved
of
the
classify
are
of
payment
because
taxes
erty
immediately
Chancery
re¬
that
ders
she
Tenders
will
receive sealed ten¬
7:30
until
(EWT)
p.m.
on
April 1, of refunding bonds, Issue
of 1942, Series A, AB and B. Ten¬
ders should designate the price at
which, such bonds are offered to
city, which offering must be
for 10 days subsequent to
the date of the opening of such
the
firm
tenders,
..
State
as
"public prop¬
exclusively for public
purposes."
Calumet
The
cently
Sealed
after
John
City
Council
payment, $163,000 par value
bridge bonds during the ten days
re¬
authorized the bohd issue
a
jail threat from Judge
Prystalski Of the Circuit
Court.:
//;..
,//,
:////
1
from March 20 to 30.
would
-
(P. O. Chicago), III.
Warrants Sold—It -is stated that
Cook County
$6,000;000
were
to
syndicate
a
MARYLAND
The bonds
matured
in
ated
composed of the
Co., Lee Higginson Corp.',
John Nuveen & Co., Kebbon, McIllinois
1955.
holds
State
a
tax
lien
on
forfeited for
non-payment of ad valorem taxes
headed
by Phelps/ Fenn & Co.,
York, purchased from the
calling of the bonds, it was
pointed out at a meeting March Metropolitan Life Insurance Co.
12, the actual value to be paid of New York, on March 16, a
of $2,000,000
out being. $166,260, consisting of, block
4% : coupon
which
were
issued
for
principal, premiums and interest/ bonds
water,1 school, sewer, library and
Pendleton County (P. O*
other municipal purposes.
They
Falmouth), Ky.
are dated Oct. 1, 1931, and mature
;
Debt
Funding
Proposal
Re¬ $200,000 on Oct. 1: from 1951 to
jected—The State Court of Ap¬ 1955 incl., and from 1957 to 1961
peals has refused to approve the incl. Interest A-O/ ; Legality ap¬
School Board's proposal to fund
proved
by
Thomson,
Wood
&
by
the
New
Co., Blair, Bonner &
&
*
-
*
Issued—Al¬
Co., Martin, Burns & Corbett, and
Co., New York, have just
issued a comprehensive financial
statement on the above city, and
advise that copies can be had up¬
Bacon, Whipple & Co., all of Chi-^
cago, at par, a net interest .cost
Analysis
Financial
len
&
of
about
lows:
Hoffman of New York
,,
.
Co.
,
in
The district also has
non-interest-bearing
$10,625
July
escrow
from
receipts to be paid as the funds
are
of
available
the
assessment
are
the
benefits
of
of
of
selections
annual
payment
These
out
on
for
refunding
second-class
surplus
or
the
the
bonds.
inferior
liens, the findings of facts stated.
Owners
bonds
escrow
of 78%
and 70%
of the
first-class
of the holders of
receipts have accepted the
1,
1929,
1943
due
to
on July 1
1951, tendered
cost
to
from
$2,000,000
to : $2,?
surance
possible
500,000.
.
dered at 92.02.
"
-
■
'
-,
•22,000
..
»
the
and
for
.
Board
the
made
corporation
it
to
will be submitted to the voters at
election
an
from
Dec,
July
Prin.
and
1966,
tendered
at;
scheduled
20. Dated Feb.
for
1954 incl.
payable at
the First National Bank, Chicago.
1,
1945,
to
1
'
Smith,
are
Chicago, and George B. Gibbons
&
Co.
The group re-offered
bonds
for
prices
to
public
.
.
from
yield
Wityne County (P. O. Monticello),
Ky.
Refunding
Bond
Approval
Sought
- —
The
holders of
5 V2 %
the
investment. at
1.20%
to-
1.80%, According to' maturity.
/
MASSACHUSETTS
:
:
Boston, Mass.
000
offered
notes
/
:
Note Sale—The issue of
/
$5,000,-
March
18
was
awarded to
Halsey, Stuart & Co>,
Inc., New York, which named a
rate of interest of 0.67% and paid
a
of
premium
are
$115.
The
notes
dated March
22, 1943 and ma¬
3, 1943, and were reby the bankers to yield
Nov.
ture
offered
0.60%.
-Other
Corp.
and
bids:
First
Chemical
Boston
Bank
J&
Trust
Co.,
New
York,
0,72%,
plus $53; Chase National Bank of
New
York
and
Hu.tzler, New
$47.
"/
Salomon
Bros.
&
York, 0.75%, plus
Massachusetts
(State of)
Municipalities Permitted To In¬
vest
In
the
War
that
mated
State
Bonds —It
cities
may
in
000,000
sult
and
invest
is
war
bonds
esti¬
towns
the
as
in
$300,-
over
re¬
of-approval by the^ Legisla¬
of
ture
a
bill
authorizing
such
of their
communities to spend 5%
assessed valuation for this effort.
Enactment
the
the
law
new
Massachusetts
many
vote
on
the
plan at
meetings.
estimated
of
of
State ■ ^ Legislature
town
.,
April
1, 1943. Due $1,000
int.' (J-D)
approve!
i
Rollins &
Sons, Inc., Paul. H.. Davis & Co.,
•
21//2-5%
Clearwater re¬
funding bonds, series A and.
C, dated July 1, 1936, due
89.64.
financing
Co., E. H.
&
.
at 1/10.44.
raise the difference by guaran¬
Prophetstown, III.
48,500 3-5%
Coral Gables re¬
teeing if, thus acquiring the debt
Bond Election—The issuance of —now
funding bonds, dated Jan. 1/
$53,000 — which the high
1937, due July 1, 1977, ten¬ $10,000 2%% water system bonds court previously had refused to
1,
the
in
Barney
,
-
City.
Associated with Phelps, Fenn &
-
"
fits.
syndicate
A
—
.
Cormick
»
.
•
Sale
Secondary
Fund oper¬
Commission justify
1.08%, divided as .fol¬
$2,600,000 corporate at 1 %; $35,000 of its debt in an* effort to
The
corporate
at
1 l/s %; rehabilitate its finances.
on request.;
The report shows in $1,100,000
all
the
relevant
data $800,000 corporate at lxk% \ $850,- high court's opinion reversed the
before the district forecloses. But detail
once
the
district
obtains
title pertaining to the -city's finances 000 highway at 1%; $350,000 high¬ Pendleton Circuit Court, pointing
through foreclosure, the State's and economic structure, including way at 1 % %, and $300,000 at but that it previously had refused
to allow funding of the Board's
;iaxes cease, although the district comparative figures on tax col¬ ..n/4%.
The above syndicate; also pur¬ $53,000 debt on the ground the
•must redeem from the State by lections and a description of out¬
paying any taxes that accumulated standing indebtedness. The city's chased at the same time an addi¬ Board "lacked authority to con¬
prior to foreclosure.
That is, if refunding bonds of 1937, matur¬ tional issue of $790,000 tax antici¬ tract it, and that the $35,000 was
the district desires to
clear its ing July 1, 1977, bear 3% interest pation warrants of 1943 at. 1 lk% • part of that obligation.
/
<
warrants
are
divided as
It was noted in the opinion that
to July 1, 1945; 3%% thereafter These
•title.
follows: $500,000 corporate, and the' Falmouth Deposit Bank was
to July 1, 1947; then 4% to July
Dardanelle Street Improvement
..,
threatening to sue on two school
1, 1952; 4%% to July 1, 1962, and $290,000. highway warrants.
District No. I, Ark.
a 5%
from foregoing date to ma¬
notes, one for $12,000 for which
Cook County Forest Preserve DisDebt
Composition Approved— turity.
Curreht revenue was pledged, and
trict (P. O. Chicago), III.
An interlocutory decree accepting
another for $12,938, representing
Florida (State of)
Warrants
Sold —A
syndicate the "balance oh a
a plan of composition for the dis¬
$16,000 note for
Bond Tenders Received—J. M. headed
trict was issued March 8 by Fed¬
by the Illinois Co. of Chi¬ which the Board's school buses
eral
Judge
Trimble
at
Little Lee, Secretary of the State Board cago, is said to have purchased, were pledged as collateral.
It
of Administration, received ten¬
on March 12, a block of $400,000
Rock.
The
approved plan in¬
pointed out also the Board owed
ders on March 15 on various city, tax
structed the
district to deliver
anticipation warrants as fol¬ its teachers $10,285 and that they
refunding bonds, dated Nov. 1, town,; county and district bonds lows: $200,000 at 1%, and $200,000 were threatening to quit unless
aggregating $992,551, described as at H/4%.
•'
1942, t6 holders of 1935 district
paid.
•
<";/'/ ;■'/■/, ■
'. / 4bonds on the basis of 70% of the non-gas participating obligations.
In its explanation of the Board's
All
tenders
were
to
be
firm Douglas Township (P. O. Gilman),
face value of the 1935 securities.
plight, the opinion further noted
III.
The 1942 bonds will bear 3% in¬ through March 23 and offers sub¬
that prior to 1939 the Board con¬
Proposed Bond
Election — An
mitted
included,
the
following,
terest per year.
election is scheduled to be held veyed certain of its school prop¬
according to report:
The composition plan also pro¬
erty to a holding company known
on the question of issuing $93,000
vided that the district make pay¬ $104,000 3-5% Holly Hill general
as
the Pendleton County School
road improvement bonds.'/ / ; 4
/
ment of 1% on each dollar face
refunding bonds, dated Feb.
Corporation which issued $210,value of escrow receipts to hold¬
1, 1936, due Feb. 1, 1966, ten¬ Kane County (P. O. Geneva), III. 000 worth of bonds for school
dered at a price of 81.06.
ers of 7,474 in these receipts who
Bond Election—The issuance of purposes.
Tiave agreed to accept the pro¬
62,000 4%
Marianna refunding
$180,000
airport
site
purchase / It was stated that the McKinbonds, dated Oct. 1, 1938, due bonds will be sumitted to the vo¬ neysburg
posal.
j
School,
part
of
the
The
district
has
outstanding
April
1,
1956, tendered at ters at an election scheduled for property conveyed to the cor¬
103.76.
bonds, dated Feb. 1, 1935, totaling
in
1939, and
April 6.
These toonds, if ap¬ poration, burned
83,000 5% Orange County court¬
$69,000, which are the first lien
proved, will be used in connec¬ $65,000 was required to replace
house refunding bonds, dated
against the assessments of bene¬
There was only $15,000 in¬
tion with a Government project it.
The
such property if it is
Md.
Baltimore,
the
tax -anticipation war¬
awarded on March 12
rants
have
-
Funds in the Sinking
•
Coral Gables, Fla.
Courts
them
used
Invited—City
Clerk Louise B. Armstrong states
the
towns ' to
their recent
State
that at
towns
in
least
officials
one-third
Massachusetts
had already approved the
Some
towns
by*
enabled
have
set
plan.
aside
>
a
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
1571
.sum'equivalent to $1 on the-local
the
In
.
for
rate
tax
be
vcan
The
.
or
•••'
which
r
.*
.-.•••
"■
•
•
law, Chapter 7 of the
new
1943, is a permissive act
Acts of
.Vote
by vote of the;
Board of Alder-:
accepted
/
plan
the
of cities,
case
City Council
men:'
bond purchases.
war
communities
authorizes
to
of their as-;
whether 5%
on
1958.'
to
The bonds bear 3% interest 'f Lincoln Park School Dist. (P. O.
May 2, 1947, and 3V4% there¬
after .to maturity,>and are. part
a
block
bonds
of
$20,000
the
of
par
of
were
unconditionally bequeathed to the
district
The
by
of the taxpayers.
one
i
•
Board
Sold
of
vested in
the
after
improvements
:capital
used
to
of
-The total assessed : valuation
provide local share of
building to cost $27,000
der
agreement with
war.
>
Works
Agency.
Massachusetts communities is $6,-
submitted
300,000,000. Boston's assessed .val¬
uation
is
about * $1,400,000,000,
plus accrued
authorize
the
$70,000,000
on
would
Which
of
penditure
Thus
bonds.
ex¬
war
3% per
ery.
.
No
Secretary of the
Education
R.
E.
refunding,
Series
offered Tand
Due
on
sold
C
Minnesota (State of)
Director of Finance, State
Highway Department, reports that
no
were
March
on
F.
Ruse,
North
bonds
MINNESOTA
Submitted—D.
Tenders
offers
sponse
16.
March
Nov. 1, 1965.
were
received
in
to the call for tenders
of
15
Bills
ments
Representatives
on
passed
district
assessment
County (P. O.
Clemens), Mich.
.
the
Bids
a
un¬
Federal
are
.to :;be
dollar
price
Mount
No Tenders Submitted—In
nection-with the
on•
March
assessment
call
County (P. O.
Clemens), Mich.
No
were
the
county's
interest,' at rate; of
to date .'of deliv¬
annum,
'
funding bopds, dated May 1, 1934,
it is stated by Arnold F. Ullrich,
Auditor of the County Road Com¬
mission, that no tenders were re¬
ment
call
for
tenders
-
■■
'•
.
.
•
dated
•
25
of
Covert
Nov.
highway
of
have
which
invest
authorizes
funds
in
the
bonds
MISSOURI
improve¬
refunding
lv 1935,
to
on
1958.
'•?
'
March
to
municipalities earn¬
ing 2% interest, and running for
a period of from one to 30
years.
received in response to
fers
8, of various issues of
" district, highway
re¬
said
of Minnesota
for tenders
ceived/
showing
Board
Mount
Submitted—No of¬
Tenders
is
Invest¬
House
bills dealing with the in¬
of the State Board of
Investment
Oakland
con¬
State
vestments
highway refunding bonds.
^Macomb
Governing
Pending—The
re¬
,
proceeds of the sale-will be
new
—
states that $11,000 semi-ann. 1935
-
valuation should bo in¬
war bonds and spent on
.sessed
Michigan (State of)
Lincoln Park), Mich.
v,
Bonds
value of
district which
■J
due
Missouri (State
bonds,
Nov.
Would
1,
Abolish
of)
Property
And
Income Tax—Bills have been
troduced
in
the
legislature
far,
howeyer, the
.city government has not approved
the act.
Montague, Mass,
$200,000
offered" March
16
tax
Sale—The
Note
notes
awarded
•Bank
National
Second
the
to
of
were
0.40% dis¬
count, plus a premium of $8. Due
$100,000 each on Nov. 3 and Dec.
.1, 1943.
The Merchants National
.Bank of Boston, second high bid¬
der, named a rate of 0.40%.
at
Boston,
workers
Millions
30
Needham, Mass.
Offering—Town Treasurer
'
Note
will
receive
noon
on
chase
for
discount
of
at
the
pur¬
$200,000
23, 1943, and
notes, dated March
Due Nov. 10,
until
bids
sealed
March -22
1943.
Scituate,
Mass.
'
Sale
Note
tional
The
—
Bank
awarded
Na¬
Second
of
Boston
March 16
on
was
issue of
an
$150,000 notes at 0.40% discount,
•plus a premium of $1.
Dated
^March
1943
22,
Nov.
on
15
of
/Bank
and
and
$50,000
due
Dec.
$100,000
Merchants
The
1943.
1,
National
DEC.
Boston, only other bid¬
der, named a rate of 0.40%. '
dolors
'
Somerville, Mass.
.
.awarded
count.
Dec.
THESE CHARTS SHOW
was
ESTIMATED
and
Bank
National
chants
rate
the
which; was
;0.543%,
WAR
Boston,
a
of
only
Armed
The Town
—
that
states
Treasurer
a
of
Bank
$100,000
•%
fiBPl'0ximO,e
0.40%
at
Boston
of
Included
*PKL
nrr
temporary loan offered on March
15 was sold to the. Second Na¬
tional
(Members
forces
Starting August 1942)
Stoneham, Mass.
Temporary Loan
»
PARTICI¬
PAYROLL
SAVINGS
BONDS
the sale./
other bid submitted at
ift
SAVINGS PLANS FOR
Mer¬
the
of
Bank
account,- bid
joint
PATION
The National
16, 1943.
Shawmut
«in 1
17
of. Boston, at 0.523% dis¬
Dated March 17* 1943 and
•Bank
due
$500,-
National
Second
the
to
pfyr««5«^e
Mi>*lonS
March
offered
notes
000
issue of
Sale—The
Note
.
discount.
Due Dec. 15, 1943. The
."Merchants National Bank of Bos¬
STUDY THEM WITH AN EYE TO THE FUTURE!
.
ton; second high bidder, named a
[rate of 0.405%.
'
■.;
Stoughton, Mass.
Sale—The $150,000
Note
-
March
offered
16
v
•'
*
notes
awarded
were
National
Second
the
•to
There Is
Bank
jv
\
Dated March 25,
*1943 and due Dec. 17, 1943. Other
•premium of $4.
Merchants
bids:
-of
0.40%; First Boston
0.413%; ; Norfolk County
Co., Stoughton, 0.419%.
Boston;
Corp.,
•Trust
i Y
"*
MICHIGAN
Clinton
Twp. Sch. Dist. No. 10,
Mich.
;
Invited—Districty Sec¬
Tenders
;
Prince
retary
tenders
ceive
'8
Bank
National
will
Drewry
until
March
Not seen, but
these charts than
meets
the eye, t
clearly projected into the future, is
Here indeed is a solid foundation for the peace-time
business that willfollow victory* At the same time,
.
the sales
curve of tomorrow.* Here is the thrilling
of over 25,000,000 American workers who i
today voluntarily saving close to FOUR AND :
it is a real tribute to the voluntary American way
of meeting emergencies that has seen us through
story
of
Boston, at 0.40% discount, plus a
more to
•
.
are
A HALF BILLION DOLLARS per year in
Bonds through the Payroll Savings Plam
Think what this money will
buy in the way of guns
and tanks and planes for Victory today—and
mountains of brand new consumer goods tomorrow\
Remember, too* that War
in value
every year
at
maturity
crisis in our history.
But there is still
more to
forces continue to press
•
•
be done.
As
our
armed
the attack in all quarters of
the globe, as war costs mount,
of our savings keep pace.
:
Bond money grows
it is saved, until
$3 invested!
it returns $4 for every
every
War
so must
the record
..
Clearly, on charts like these, tomorrow's Victory
—and tomorrow's sales curves—are being plotted
today by 50,000,000 Americans who now hold
WAR BONDS.
-
re¬
31,• at
of certificates of indebt¬
edness
and
bonds..; The
School
Board has the sum of $2,000 avail¬
p.m.,
able
for
cates
the
and
chases. .:'.
Ecorse
'
purchase of certifi¬
.
••..,.
Township
No. 9
for
$1,000
bond
pur6
,
.
School
District
(P. O. Allen Park), Mich.
Bonds
Sold
—
It
is
stated
by
Merritt, Secretary of the
Board of Education, that $10,000
Lewis E.
1942
refunding,
were
offered
sold.
Due $5,000
on
Series
March
I
bonds
16
and
May 1, 1957 and
and Financial Chronicle (Reg. U. S. Patent Office) William. B. Dana
Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341. Herbert D. Seibert, Editor and Publisher:
Dana Seibert, President; William D. Riggs, Business
Manager. Published twice -a week [every Thursday (general news and advertising issue) with a statistical issue on Monday}. Other
Chlcago-^In charge of Fred H. Gray,Western Representative, Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York,
Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions,
$26.00 per year; in Dominion of Canada, $27.50 per year. South and Central "America,-Spain, Mexico and Cuba, $29.50
per year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per;year,. NOTE: On account of the fluctuations ih the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
Commercial
William
offices:
in¬
to
CHRONICLE
THE COMMERCIAL & FINANCIAL
3036
shall have the right to
reject any or all ten¬
ders.
Subject to the exercise of
nually, and the State income tax, this right, as much of the ap¬
which produces about $8,000,000 plicable moneys as the accept¬
able tenders permit shall be ap¬
yearly.
abolish the State property tax
The city
of
accept
$100 of valuation,
which yields about $2,000,000 an¬
cents
five
per
or
to the pur¬
refunding bonds ten¬
dered at the lowest prices sub¬
mitted.
In
the
event
that *;a
plied
Montana
(State of)
$8,000,000 Post¬
war Bond Issue—At the State¬
wide election on June 8 the voters
Vote
To
On
of
greater amount of bonds is ten¬
dered at the same price than can
State
are
what any
and
ends
how
going
when the war
considering
be
the
cost
to
to
soldiers' bonuses
much
given Legis¬
might think is a "proper"
lature
bonus.
war
soldiers
up
Jersey
to $100
and the
cost to the State totaled
each
of
bonuses
New
from
from
gasoline
both
in
increases
taxes
fuel.7
be
tender
motor
diesel
and
any tenderer
whose
accepted shall fail to
surrender the bonds tendered on
If
scribe.
on
place speci¬
fied in the notice of acceptance,
date and
the
'
the
at
to $500 for each service man.
Assuming the State has 300,000
men in the war by the time it is
the cost of the bond issue
a
basis would be $150,000,000 plus interest.
over,
Newark, N. J.
such tender shall be forfeited
Beatrice, Neb.
Call—C.
Bond
Carpenter,
M.
City Clerk, announces that 2%%
water works bonds, Nos. 63 to 74,
$7,000, have been called
totaling
payment on Nov., 2,
1943.
Bated Nov. 1, 1938. Denom. $1,000.
Due Nov. 1, 1958. Payment of the
for
,
together
amount
principal
Each tender shall state
the price asked, which price shall
be; understood to ' be the price
asked for such bonds.
Each ten¬
the city.
must be
der
accompanied with a
check drawn to the or-
certified
city, for 1% of the face
der of the
amount of .the bonds tendered for
'
with purchase.
accrued interest up to and includ¬
ing Nov. 2, 1943, will be made on
presentation of said bonds to the
County Treasurer in Beatrice on
or after date
called.
Said bonds
o
"
such
on
accompanying
to
the certified check
Nebraska
a
up
and finance of the city shall pre¬
eliminating
and
proposed
inally
scheduled
Additional Information—In
successful, bidder.
157, p.,; 941—it is now reported
that the bonds are divided as fol¬
lows:
-»
-
$200,000 street imp't bonds. De¬
nom.
$10,000. Due $40,000 on
March 15 in 1944 to 1948.
285,000
street
bonds.
Sale—A group com¬
imp't.,
Denom.
Series
$10,000,
incl.
:;
Trenton, N. J.
V
Secondary
Sale
Union City,
Secondary
Co.
Sale
N. J.
—
Inc.
&
Dec.
in
1
J-D.
Marine
|
bill'
is
(
pending in the State Legislature
to authorize the village to issue
$34,000 funding bonds to pay out¬
standing temporary obligations.
$5,000.
Due
>
on
Receives
.
which
would
Board to
Lands
dispose of local bonds now selling
at high premiums and to invest
the
proceeds
in United States
Government securities.
In
ment accompanying the
bill, Stan¬
a
state¬
ley A. Matzke, Chairman of the
legislative committee, estimated
that the State would profit to the
of about $200,000 as a re¬
of the program.
Henry H.
extent
sult
Bartling, Secretary of the educa¬
tional
board, reported that the
$3,725,000 par value of various
bonds held by State funds had a
value
market
Jan.
of
$4,052,175
as
of
15, 1943.
Bond
the
city's debt, which is estimated
at $2,910,000.
■
■
'
Assessments
duction
Show
an
table
Hudson
for
sey City. < The reduction ordered
is/approximately 25% of the city's
real
estate
valuations.
Arthur
Potterton, City Director
of Revenue and Finance, and the
City Commission ignored the re¬
the
in
tax
assessments
applied
Chief
to
-
Justice
sible only if the city had not been
Atlantic City, N. J.
Sealed
Tenders
Invited—It
stated by Daniel S.
is
Bader, Direc¬
that
tor of Revenue and Finance,
he will receive until
on
April
Newark
14,
and
at
noon
the
(EWT),
National
Essex
Banking Co.,
Newark, sealed tenders of bonds
now
outstanding
of
Atlantic
City, of the following authorized
issues:
V'hf vV
;■
$24,651,000 refunding bonds and
$2,285,000 refunding water bonds
bearing
interest payable semi¬
annually and all dated July 1,
1936, and maturing Jan. 1, 1973,
at not exceeding a price of par
value and accrued interest.
The
chase
sum
of
to be used in the pur¬
the
the
bonds
of the bonds
and
so
serial
tendered.
had
registered in Jersey City for
77
7;7'
The 1942 tax rate for Jersey
City was $53.70 for each $1,000 of
taxation purposes. 77
number
At the
valuations.
assessed
is
The
new
expected to be $53.52.
The
table
equalization
new
adopted
the Board after1 a
month
of
public hearings and
arguments with the Commission,
makes
by
total
the
tax
for
ratables
County $730,998,393, as
compared with the 1942 figure of
$854,562,235.As
hearings, a 25%
for
a
result of the
reduction or¬
Hoboken
was
revised
to 15% and Union
was
City's 15% cut
adjusted to 10%.
New
a
Jersey (State of)
when
ago,
&
year
a
the
of
refunding
is
left
the discretion of the Council,
variety of
suggested.
signed, as
Chapter-106,. Laws of 1943, a bill
to legalize acts of the Town Board
and the Village Board, relative to
establishing the above district and
the issuance of
|
•
proposed to
that they do
not call for payment by the city
of any handling charges in con¬
refunding
Special
Assessment
Affirmed—The
is
Judgment
Court
of Appeals
affirmed the Ap¬
have
said to
pellate Division's ruling, which in
March, 1942, sustained a Supreme
Court judgment of about $200,000
secured
against the City of Long
Beach, N. Y., by Bertram Snell,
as
a
holder of
assessment
The
-
Long Beach special
improvement bonds.
Supreme Court has held the
city delinquent under its obliga¬
tion to levy and collect assess¬
ments for principal • and interest
bonds, which had been
on
fault, since 1927.
-
in de¬
i
_
With interest and cost the
proximately $300,000.
:
New York
plan
the city last year in
sys¬
'
-
Long Beach, N. Y.
7
The current offers differ from
the
$43,000 water
bonds.
tem
with
'
7
—
has
Dewey
program's obligation is believed
alternate
a
to
i
0
Authorized
Issuance
7
Secondary
to
;
v.
-r
city's
be
ap¬
r
.
'
(State of)
Sale —An
account
composed of Phelps, Fenn & Co.,
Inc.
and
Salomon
Bros
Hutz-
&
ahead of last March.
nection with a refinancing.
ler, both of New York, purchased
Mayor Murphy, who last, year ;• Associated with the Chase Na¬ from the Metropolitan Life 5 In¬
accurately
predicted
that
1942 tional Bank in the current offer surance
Co., New York, on March
taxes would be 90% paid .up at
15 a block of $983,000 4% regis¬
are the Manufacturers & Traders
the end of the year, now fore¬
Trust Co. and the Marine Trust tered Canal Improvement bonds.
casts
a
95% collection for 1943.
"Collections
for
the
first
two
of 1943 have again set
faster than those of all
previous years," the Mayor an¬
nounced. !y "At this rate we will
again shatter all records for tax
collections in comparable cities
months
a
pace
Co., both of Buffalo.
The Leh¬ Due on Jan. 1 in 1961 and 1962.
Bros, group includes Schobll- Interest J-J.
kopf, Hutton & Pomeroy, Inc., of
Passage of Assessment Review
man
Buffalo.
Bill Urged—Passage of the Craw¬
total assessed valua¬
ford-Stephens bill to provide for
thq 1943-1944 fiscal year Boards of Assessment Review in
is $913,733,100, or $3,864,970 more cities of more than
100,000 popu¬
than the current valuation, it has
lation was recommended March
of the Atlantic Seaboard States." been
announced
by ; Chairman 15 by James H.
Moseley, Presi¬
January and February collec¬ John R. Plunkett of the Board of
dent and Chairman of the Citi¬
tions totaled $13,956,185, or 37.75%
Assessors..,
7,1 /,'•
7 zens Public Expenditure Survey!
of the $45,388,623 budget tax fig¬
The increase marks continua¬ Mr.
Moseley noted that "since
ure, according to Mayor Murphy. tion of a trend which began with
1938 the legislature has been qnA year ago the figure was $13,the
current
year's
valuations, der a constitutional mandate 'to
293,268, or 35.7% of the 1942 bud¬ which halted a series of annual
provide for the supervision, re¬
get. Thus, current collections are decreases
that .began
in
1932- view and equalization of assess¬
$662,817 ahead of last year, i.
1933, when almost $100,000,000 was ments for purposes of taxation.'"
In all receipts, including delin¬
sliced from the previous year's
Adoption of the pending bill,
quent
taxes
and
miscellaneous record
high total valuation of ap¬ Mr. Moseley said, "should facil¬
revenues, the city has taken in
proximately $1,080,072,000.
The itate the keeping of valuations on
$14,876,673, or 32.77% of the bud¬ downward trend in the city's val¬ individual
properties in line with
get total, as compared with $14,- uations, which began in the de¬
changing conditions.
Real estate
568,017, or. 30.92% : a year ago. pression year ,'30s, incidentally,
property values are not. static.
This represents a cash increase
was
typical of the experience of They change from year to year."
over last year of $307,656.
\
local
governments.
Similarly, Continuing, Mr. Moseley said:
most of the taxing units have suc¬
Rah way, N. J.
"Ample evidence of the change
v
in
making
substantial in real estate values within this
Secondary Sale—The Union Se¬ ceeded
Buffalo's
tion for
.
,
,
-
bonds, maturing in 1954 and 1955,
was sold by the Metropolitan Life
Insurance
March
Co.
of
New
York,
on
11.
Possible
Soldiers'
cussed— A
House
said
Bonus
Dis¬
studying
Committee
is
possibilities
for
a
service men's bonus, al¬
though no legislation has yet
of the bonds tendered.
been
to
be
introduced/
curities
&
State' officials
Co.,
chased
Corp. and Smith, Barney
both of New York, pur¬
from a Philadelphia in¬
stitution
$50,000
on
3%
Dated Feb.
as
f
Bonds Sold—It is reported that
block of $165,000 4*/2% State
option of the tenderer, each ten¬
der may specify that the tender
is for the purchase of all or none
2.05%
now
date
tent
payable M-S.
^
Hudson
dered
refunding bonds is
$463,349.05 and'1 the sum to be
used in the purchase of the re¬
funding water bonds is $86,320.67.
Separate tenders must be made
in separate sealed envelopes for
the refunding bonds and the re¬
funding water bonds and each
tender must specify the full name
of
deprived of $1,000,000 in revenue
through the flight of "hundreds
of corporations" which previously
rate
is.,
same
1.75%
the tax rate could have been pos¬
NEW JERSEY
taxes
the
stand
to
sold
of
payment
lished
Tax Board an¬
reduction of $107,989,-
832 in the tax assessments of Jer¬
and
current
ahead
that
a
the
nounced
total
of
disclosed
was
County
County, N. J., for 1943 on March
10,
It
record was estab¬
and general collections now
Thomas J.
Brogan, of the Su¬
Greenway
&
Co.,
of preme Court, for a review of the
Board's methods.
The Commis¬
Omaha, at par, the only bidder—
sion claims that a reduction in
v. 157, p. 940.
7.;.,./>./vX'v;
bonds
tax collections
setting another record, it was
stated March 13 by Mayor Murare
Re¬
adopting
After
—
equalization
Large
granted last month by the Board
Sale—The $32,000 paving
offered
Maxell 15 were
New Record—City
Jersey City, N. J.
ductions
Norfolk, Neb.
v.
of temporary
authorize the State
Educational and
Interest
(P. O. Lewiston), N. Y. (;}
»
Bond
Buffalo, N. Y.
one
Refunding
Offers —
March 15:
The
Common
Council has
un¬
$60,000 in 1944 to 1947, and
der; consideration; two
recom¬
$45,000 in 1948.
must be presented in negotiable
mendations
for large-scale
debt
& Co., of Philadelphia, purchased ; 200,000
street imp't., Series ' C
form
and
shall
have
attached
bonds.
Denom. $10,000.
from a Philadelphia institution on /
Due refunding of outstanding obliga¬
thereto the Nov. I, 1943, and all
tions designed to stabilize the tax
March
17 $50,000 3&%
general
$40,000 on March 15 in 1944
subsequent interest coupons.
In¬
rate
during
the
next
several
to 1948.
refunding bonds, due May 1, 1960.
terest ceases on date called.
95,000 sewer bonds.
Denom,. years. The proposals, it was said,
V
Brigantine, N. J.
:
Nebraska (State of)
1
•H;-;; $10,000, one for $5,000.
Due were made on behalf of two syn¬
Debt Refunding Discussed — It
on
March 15; $20,000 in 1944 dicates; headed by the Chase Na¬
:
Seeks To Liquidate Local Bond
is said that officials of. this city
and
to 1947, • and $15,000 in 1948. tional Bank of -New York
Holdings—The Committee on Ed¬
and of Atlantic County have been
Lehman
Bros.; New : York, re¬
ucation of the State Legislature
Dated March 15, 1943.
interest
discussing with the State Munici¬
spectively. The offers were trans¬
was
scheduled
to' consider
on
payable M-S;
mitted to the Council by Budget
March 16 legislative bill No. 97 pal Finance Commission the pos¬
Tax :: Collections
Approaching Director Edward A. Neider.
Ex¬
sibility
refunding of
for
posed of Estabrook & Co., Gold¬
man, Sachs & Co., both of New
York, and W. H. Newbold's Son
awarded to the
Heights Water Dist.
Governor
_
B
10 and
Lewiston
•
Issue—A
Bond
•
6
Trust ! Co. 7 of
to 1947 incl.
■
Ardsley, N. YI ",r
.
"> v
<100.54
Buffalo, as
2.20s, at a price of 100.10, a basis
of about 2.16%.
Due $500 in 1944
v
Plans
7
2.10%
•
March
on
new york
i
Co.
Bonds
1957.
and
100.283.
(P.O. Cheektowaga), N. Y.
;7
Sold—District Secretary
Edward Brown states that $2,000
improvement bonds were offered
Estabrook &
1956
#.,■■■■ i-2%.'
,
> <'
,
100.688
'
Cleveland Hill Fire District No.
17, $200,000 3y2% gen¬
eral refunding bonds, due $100,~
on
Rate Bid
Vfo
Marine Trust Co. of Buf-
March
Interest
dated
7
'.
}•' falo and R. D. White 7 '
Goldman, Sachs & Co.,
both of New York, and W. H.
Newbold's Son & Co, of Philadel¬
phia, in joint account, purchased
from
a
.Philadelphia institution
000
Int. Rate
..
Blair & Co., Inc
and
on
'
Bidder—
Halsey, Stuart & Co.,
;
^
'
.
the bonds will be
of
April 1, 1943. Among other bids
were the following:
' ' 7
V
block of
A
—
$50,000 3% school bonds was pur¬
chased from a Philadelphia in¬
stitution on March 17 by Charles
Clark & Co. and B. J. Van Ingen
& Co., both of New York, jointly.
Due April 1, 1957.
Interest A-O.
'
5 im¬
provement bonds. Due $2,000
on April 1 from 1944 to
1958
All
aggregating $780,000 to the City
Sinking Fund as 2s, at par—v.
v
Secondary
con¬
nection with the sale of the bonds
#i
Belleville, N. J.
'
the
1963.
in
30,000 Sewer District No.
Legal opinion of Haw¬
kins, Delafield & Longfellow of
New York City will be furnished
director of revenue
the
as
at First National Bank of Bloom-
bond issue of $12,000,000
authorized. Interest at $600,-
was
000
order
the amount of bonds
the $10,000,000 level orig¬
reducing
cipal and interest (M-S)' payable
A
000.
$99,500 drainage bonds. Due April
1,' as follows: $4,000 from
:1944 to 1953 incl.; $6,000 from
1954 to 1962 incl. and $5,500
$1,000 each. Due March 1,
follows: $1,500 in 1944 and $1,000 from 1945 to 1950 incl.
Prin¬
as
$24,000,-
received
year for 20 years made an¬
purchased with the applicable
Will consider the question of au¬
other $12,000,000 for a total of
moneys (after all bonds tendered
thorizing an issue of $8,000,000 at lower
$24,000,000.
The
bonds
were
prices, if any, shall have
bonds
to
provide for post-war
been purchased) then any of the finally paid off July 1, 1941.
It has been reported that some
highway construction. The appro¬
refunding bonds so tendered at
priate measure was signed by said
price, shall be purchased at expectations in State fiscal circles
Governor Sam C. Ford on March
said price in such manner and are that demands after the cur¬
8 after it had been amended by
rent war will be for a bonus of
be
others
ingdale.
.
Following the last
immediately
chase
MONTANA
said
are
Monday,* March 22, 1943
follows:
March
high
17
a
block
school
of
bonds.
1, 1939.
Due Feb. 1,
$15,000 from 1960 to
1962 incl. and
$5,000' in 1963. Le¬
gal- opinion of Reed, Hoyt, Wash¬
burn & Clay, of New York City.
in
gains
for
840
March
sealed
bids
until
8
p.m.
March 26 for the pur¬
chase of $7,500 not to exceed 6%
on
past
valuations
of $874,356,estate
real
Cheektowaga (P. O.
receive
(EWT),
the
and
or
Cheekto-
waga), N. Y.
$129,500
Sale—The
Bond
cou¬
registered bonds offered
15—v.
157, p. 941—were
awarded
to
C.
F.
Childs
and Sherwood & Co.,
&
Co.
both of New
York, jointly, as 1.80s, at a price
of 100.137, a basis of about 1.78%.
March 1, 1943. One bond for $500, Sale consisted of:
interest
coupon
or
registered
sidewalk assessment bonds. Dated
State
the
consists
taxable
in
in
total
$39,376,260 in utility special fran¬
chise values, an increase of $521,740 in the former and $3,343,230
in the latter over current totals. ;
pon
Offering
valuations
Buffalo
Riverdale, N. J.
—
Benjamin F.
Patterson, Borough Clerk, will
Bond
.
several years.
The 1943-1944
can
be found by comparing
full valuation of
property as deter¬
mined annually by the State Tax
aggregate
taxable
real
in
Commission
table.
its
equalization
The total full valuation, as
shown by that table, was
205,631 in 1932.
to
$35,101,This has shrunk
$28,307,224,061 for 1942.
such
With
large shrinkage in the ag¬
gregate valuations it is obvious
a
that the
vidual
true
valuations
on
indi¬
has undergone
tremendous changes. In some in¬
stances valuations may have in¬
creased but in many other cases,
properties
it is obvious that values have de¬
clined.
Provision
assessment
review
for
boards
will
of
provide
■Volume
157;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number:4161
1037
•
11
governmental machinery for
individual valuations in
with changing conditions in
the
keeping
line
with
next
are
drop
a
of
chaser's
more
bonds will
The
choice.
offering
be awarded to the bidder
$6,500,000 each, . Yonkers is
down $4,500,000 and Rye $4,000,-
than
/lowest
the
interest
cost
Certificate Sale—The First Na¬
tional Bank of Yonkers purchased
of the bonds until their respective
assessing
that
event
$50,000,000 Bonus
Issue—A bill (A. Int. No.
Bill Calls For
Bond
■the
to
debt
a
indebtedness
at
$50,000,000 by issuing bonds in
that amount to provide for pay¬
ment of bonuses to honorably dis¬
that
event
prior to the delivery of the bonds
the income received by private
:••*.; holders from bonds of the same
type and character
from
purchased
shall be tax¬
able by the terms of any
a
income
Philadelphia institution on March
17 a block of $100,000 3%% debt
•of
the
In
Dated March 12,
York
New
of
maturities.
Sale—Lehman Bros,
Secondary
debts
or
of
1943, and due Sept. 10, 1943.
empowering the
authorize by law
of
creation
s
issue of $500,000
an
interest.
0.55%
Constitution
Legislature
12
certificates
amendment to Article 7 of
an
the
March
on
1430, Print. No. 1600) was intro¬
duced in the Assembly, propos¬
ing
Y
.
equalization bonds of 1937, Dated
Dec. 1, 1937.
Due Dec. 1, as fol-;
lows:
$18,000
in
1949;
$20,000
tax
law, :the
;
*
CAROLINA
NORTH
1943
vehicle
motor
strips
rush
last-minute
expected
to
and
the
that
lections from
exceeded
sources
of
ago
year
Rollin
Browne, president of the State
Tax
Commission,
announced
by
March
of
month
full
the
from
Feb¬
nearly
to just
this
source
were
•$12,500,000.
the
department in February ag¬
gregated $30,112,258.65, compared
to
an
from
two
1%.
of
Rate
in
be
rates
or
funding
multiples of
Each bid
lows:
.
der
clined abruptly during the month:
the
on January gasoline sales, dropped
$3,239,747.28—from $5,506,810.27 a
year ago to $2,267,062.99 ; 2—alco¬
holic beverage tax receipts de¬
clined $1,233,426.77 from $4,133,058.25 a year ago to $2,899,631.48.
than
doubled
entertained.
of
bid
of
each
In
the
bid
i%;
multiples of % of
may name one rate
(having
that"
event
A
for
part of thd bonds of either issue
than
less
rates in
or
the
earliest
but
bid
no
rate for the
from
bonds
of
the
same
bid the
may
name
than
more
amount
of bonds
of
and character shall be tax¬ rate. The bonds will be awarded
by the ■ terms of any Fed-; to the bidder
offering to purchase
eral income tax law, the success¬
the bonds at the lowest interest
ful bidder may, at his election, bp!
cost to the County, such cost to
relieved of his obligations under;
be determined by
deducting the
the
.contract
to:; purchase
the; total amount of the
premium bid
able
bonds
and
in
such
case
the
de¬
from the
aggregate amount of in¬
posit
it
"one
was
that
oppor¬
%
which
"
-
.
had acquired the
C.
E, I. property for $140,000,000
sometime before the beginning of
1942, and had issued $140,000,000
3% l-to-30-year serial bonds
to do so, the city would have had
in
extra
$13,054,435 at its dis¬
posal after not only providing for
all
operating expenses
of the
but
property,
annual
the
to
also
installment
off all the
years."
pay
in
30
Eaton
bonds
sion
delayed
held
taxes
The
until
V;
Bond
March.
Offering—W.
E.
law,
Easter-
ling, Secretary of the Local Gov-1
cigarette tax,
following a ernment Commission, will receive
downward
trend
which
began sealed bids at his office in Raleigh,
four months ago, was off $261,485 until 11 a. m.
(EWT) on March
from the $1,921,282.67 collected a 23 for the
purchase of $88,000 not
year ago.
Receipts from Article to exceed 6% interest coupon re¬
.9 corporation taxes, transfer and
funding bonds, described as-fol¬
estate, bank and mortgage record¬ lows:
ing taxes also declined,
$50,000 general bonds. Due April
:
1, as follows: $3,000 from 1944
Plattsburgh, N., Y.
>v
that
how
$60,000 special
•appropriation bonds offered March
T8—v. 157, p. 859—were awarded
38,000
to
George B. Gibbons & Co., Inc.
Weigold, both of
New York, jointly, as 1.30s, at a
'.price of 100.04, a basis of about
•and Roosevelt &
i.293%.
assessed
estate
in
valuation
Westchester
White
of
real
County for
will
•1943
be
$51,789,338 below
figure of $1,567,491,019,
according to report.
This is the
the
1942
since
reduction in assessments
the
depression year. 1933
When
more
cut.
;
Jargest
;
The
than
.
$70,000,000
:
was
.
y
City of New Rochelle has
the greatest
reduction, more than
$15,000,000.
while
the
Cities,
of
White Plains and • Mount Vernon
;
and
$2,000
interest
certified check for
$1,020, payable
the State Treasurer.
in
NORTH
subsequent
years
bonds
retired.
were
La
Bond
will
the
—
received
revenue
April 1, 1943.
or
Interest A-O.
multiples of
bid
1/4
of
may name rone
rate
for
the
earliest
must
amount
Electric
(hav¬
maturities)
specify in his
of
PrinciDal
bonds
and
of
bid
each
interest payable in
-
registered
only;,delivery
.as
to
1
at- place
mittee
Purchase
of
the
■
..
■
Advantages
Utilities
City
t
-
Com¬
Council
was
informed
recently
by
Cyrus
investment banker, who
the city finance its pur-
Eaton,
helped
the
rate.
.
.
Summarized—The
and
New. York City in lawful
money.
General
obligations;
unlimited
tax;
.
Cleveland, Ohio
part
another rate for the balance, but
no bid may name more than two
rates for either issue,
and(each bid
der
OHIO
'
.
-
of the bonds-of either issue
ing
Y
Each
1
chase
Co;
of
last
the
year,
Cleveland
Railway
that the city's net
income. "would
have
been
in¬
creased
$13,054,435 in 1942" if the
principal; property of * the Cleveland Elec*
of
-pur-)
ftric'Tlluminating
Co,
had, been
157,
at
a
p. 942—
price
of
100.036, a net interest cost of
1.60%, on the bonds divided
follows: $14,000 as 2s, due $2,000 in 1946 to 1952, and $22,000
about
as
:iy2s,
as
1963.
due
in
$2,000
1953
y
.
to
;
,
Putnam
City Consolidated School
District No. 1 (P. O. Oklahomq
City), Okla.
Bonds
Troy
Sold
Shelton
building bonds
sold
March
on
1947 to
District
—
$15,000
offered and
were
15.
Clerk
that
states
Due
$1,500 in
1956 incl.
OREGON
Oregon (State of)
Sealed
until
bids
noon
1, 1943. Denom. $500,
$644.51.
Due Nov. 1, as
follows: $644.51 in 1944, $500 in
for
one
follows:
1945, $1,000 in 1946, and $500 in
1947 to 1963,
Bidders may bid
land}, will be furnished the
taxation from the
administrative
Dated May
standpoint
is that
of
valuation, the chief problem so
far as the public interest is con¬
cerned is that resulting from the
threat of transfer of privatelyowned
public utilities to public
agencies which are exempt from
taxation and the construction and
operation of new public utilities
by such agencies.
If the present
trend
continues, we
ably expect that all
may
reason¬
future
con¬
struction of any consequence will
be these agencies.
This is parr
ticularly true of the Federal Gov¬
ernment which
electrical
bids
dominates the
now
production
fair 'within
a
field
short
and
while
completely to monopolize it.
In
pur¬
chaser at the expense of the vil¬
view of the fact that public utili¬
ties constructed and operated by
Enclose a certified check
$125.00, payable to1 the Village
the Federal Government perform
lage.
for
Treasurer.
!
■
Ohio
tension
F.
;,;!•?•
(R.,
House
Lucas),
of
which
more
outstanding bonded in¬
; ■ .7 '
Tiltonville, Ohio
Offering — The
»:r
.
Village
Clerk will receive sealed bids
til
on
noon
un¬
March 26 for the pur¬
chase
of
$5,836.27
interest
not
street
same
and
customers
utilitiesif pri¬
those
should
assume
the
same
obligation
with reference to the payment of
taxes
legally rests
private utility owner.
as
now
upon
•
;
"Unfortunately, the
State of
Oregon has no legislative control
over*
whether
Federally owned
public utilities shall or shall not
be subject to State and local tax¬
ation; that decision rests with the
Congress of the United States. In
view of this fact and the further
to" exceed .'fact that at the
assessment
functions
same
vately owned, it is an inescapable
conclusion that the public agency
a
years
the
exactly the
would,
as
debtedness.
Bond
exactly
serve
(State of)
Pending—The
Reading
present time all
of the
public utilities of the State
1, 1942.
One .pay 16,90% of
allt of the property
bond for $436.27, others $600 each. ; taxes
levied within the State, the
Due June 1, as follows: $436.27 in
.taxpayers of Oregon must keep
1944 and $600 from 1945 to 1953
themselves fully advised on this
incl,
A certified check for $300,
subject and, if they are to retain
payable to order of the village, is this class of property as a part
required.
of the tax base of the State, they
bonds.
•
1%.
City—v.
awarded
"While the chief problem in the
special assessment
Interest payable M-N.
bonds.
4%
Rate
•
rates of interest to be expressed '!
in
sold.
Kansas
were
field of utility
/
,
improvement
to refund
light*
Jamestown, N. Dak.
system bonds.
Due April 1,
Bonds Sold—City Auditor A. R.
as
follows: $1,000 from 1954
Thompson reports that the $35,'to 1959 incl.; $2,000 in 1960
! 000 airport bonds approved by
and $5,000 from 1961 to 1966!
i the voters on March 1, were of¬
incl.
'.7.;
Y■
V
fered on March 18—v. 157, p. 942
All of. the. bonds will be
—and
of
(■
Grange, Ohio
Offering
be
as
the authority of local subdivisions
electric
March 8 to the
on
would extend for two
DAKOTA
on
City National Bank & Trust Co.
its
on
Representatives is ; said to have
passed a bill of Rep. Benjamin
to
Clerk states that the $36,000 air¬
bonds and divi¬ sions of pending Federal legislaf
stocks, Mr. Eaton tion is 7 the subject of a report
estimated the city would pay out drafted by Earl B. Day, Oregon
only $4,200,000 interest in the first State Commissioner in charge: of
Mr.
year of municipal ownership and the public utilities division.
a 'constantly
decreasing sum in Day's report, in part, reads;! as
in
dends
Municipal Bond Refunding Ex¬
Y-.V i
:
■
water ' and
may,
City
pay
proving opinion of Storey, Thorndike, Palmer & Dodge, of Bos¬
ton, will be furnished. Enclose a
dated
Valuations
—The
incl.
bidder
be relieved of his
•
The
—
Tax
Loss
Through
Utility
it all off in about 11
Studied — What
the
and it is 1.23 times the an¬ Transfers
State will lose through the trans¬
nual city school tax levy."
As compared" to the $7,877,719 ference of utility properties to
ownership under provi¬
paid out in 1942 by the C. E. I. public
and
..
Plains), N. Y.
Decline
$51,789,338
.
;
'
y Y.\YVV/YY ;;
Westchester County (P. O.
1959
I960.
successful
Okla.
Details
years;
ap¬
.
Sale—The
the
his election,
Sale
port bonds sold
the
city's credit "would be enhanced
by the annual receipt of • this
large new sum can be seen from
the
following
simple
compari¬
sons: $13,054,435 is approximately
78% of the city's annual general
tax levy, enough money to meet
interest on the city's existing debt
case,
the deposit accompanying
his bid will be returned.
The
'
Bond
at
obligations under the contract to
purchase the bonds and, in such
>
to
by the'
income tax;
terms of any Federal
Wendell, N. C.
,
./
said
,
The exten¬
collection of with¬
Guthrie,
Bond
necessary
revenue
.
Mr.
aside
setting
accompanying' his bid will; terest
•year
ago,
jumping from $625,upon ail of the bonds until
for a
different rate of interest
891.51 to $1,490,718.60.i ! be returned. The approving opin-i their respective maturities.
In
in multiples of % of 1%.
Prin¬
Personal income tax receipts in ion of Reed, Hoyt & Washburn,5 the event that
prior to the deliv¬
of New York, will be furnished
cipal and interest payable at the
February * gained
$2,383,667.12,!
ery of the bonds the income re¬
office of the Village Treasurer.
Enclose a certi¬ ceived by
compared to a year ago, but this:; the purchaser.
private holders from;
The approving opinion of Squire,
fied check for $370, payable to
.was ascribed to a blanket exten¬
bonds of the same type and char¬
the State Treasurer.
Sanders
& Dempsey, of
sion of time last year for filing
Cleve¬
acter
shall ' be
taxable
withholding returns.
Enid, Okla.
Bond Election —An
election may be held on the ques¬
tion of issuing airport site bonds
for
a
project to cost approxi¬
mately $475,000..
;
the city,
to
accrue
Mr. Eaton declared:
an
.,4t;
Proposed
be
must
tunity is not to be lost."
Concerning the savings
"If Cleveland
State
commit¬
at once if the
he said would
The
$72,000 refunding bonds.
the
upon
—
Appeals is said to
have authorized the city to issue
purchase of the Utility
(EWT), on March 29, by M. B.
Halliwell, Village Clerk, for the
each
purchase of $10,644.51 4% street
type
a
presented
acted
Authorized
of Tax
OKLAHOMA
The financier told the
tee that the
balance,
prior to the delivery of the bonds' two rates for either
issue, and
income received by private each bidder must
specify in his
holders
Warren, Ohio
Bonds
Board
financed.
be
maturities)
the
9A)
those
No
legal opinion.
.
•
and accrued interest will be; and another
par
amounted
to
$2,869,906.62, com¬
pared to $1,688,447.07 a year, ago,
a gain of $1,181,459.55.
The<stock
transfer tax receipts of February
more
premium bid from the aggre¬
upon all
respective
maturities.
hand, corporation
tax receipts measured by net in¬
come continued to gain. ' Receipts
(Article
described as fol¬
f
..* :
.■
is required.
Bidders are re¬
quested to name the interest rate
Of the bonds until their
On the /hther
source.
!".
est)
gate amount of interest
this
bonds,
.'•'
separate bid for ; each/issue (not
less than par and accrued inter¬
by deducting the total amount of
,1—motor fuel tax receipts, based
from
Easter-
interest payable in New York.
offering to purchase them at
the lowest interest cost to the
de-, Town, such cost to be determined
sources
1;
E,
name-
may
bonds will be awarded to the bid¬
$23,488,308.39 in Feb., 1942—
increase of $6,623,950.26.
•
Returns
N. C.
v
Offering—W.
.
by
sources
\'/r
Bond
.
/
Collections from all
uncondition¬
Wilkes County (P. O. Wilkesboro),
1
off nearly
.
to
could
certified check
$17,000 road sind bridge bonds. Due
one
rate for part of the bonds:
April 1, as follows: $4,000 in
(having "the earliest maturities)! Y"■'•; 1962; $9,000 in 1963 and
$4,000
and another rate for the balance,;
in 1964. yvyy/yv-■••••..? •••••..
but no bid may name more than
34,000 school bonds.
Due April
two: rates and each bidder must
1,- as follows: $4,000 in 1962;
specify in his bid the amount of :;V* $16,000 in 1963 and
$14,000 in
bonds of each rate. Principal and:
y>" 1964. • \Y'V
'
interest payable in lawful money
All of the bonds will be dated
in New York.
General obliga¬
April 1, 1943. Denom. $1,000. In¬
tions;1 unlimited tax; registerable terest A-O.
Registerable as to
as;to principal only; delivery at
principal alone.
General obliga¬
place of purchaser's choice. - The tions; unlimited tax.
Principal and
vehicle fees aggre¬
$13,500,000,
com¬
pared
over; $6,000,000 in
Feb., 1942—an increase of approx¬
imately." $7,500,000.
This was in
•sharp contrast to the registration
•volume in January, when receipts
.
interest
1/4
ruary, .motor
gated
Interest A-O.
1943.
of
15.
For
•
$6,500,000,
than
more
a
ling, Secretary of the Local Gov¬
Raleigh until 11 a. m.-(EWT) on ernment Commission, will receive
March 23 for the purchase of $18,-: sealed
bids at his office in Raleigh
500
not
to; exceed. 6%
interest until 11 a. m.
(EWT) on March 23
coupon refunding and street im¬ for the purchase Of
$51,000 not
provement bonds.. Dated April 1, to exceed 6% interest coupon re¬
in the month
a
.Enclose
$1,760,"payable
■
department's col¬
those
Easter-
E.
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed
bids
at
his
office
in
February : collec¬
Department of Tax¬
Finance with the-net
swelled
.result
Offering—W.
Bond
tions of the
ation
purchase
such
ally to the State Treasurer.
Murfreesboro, N. C.
for
registration
committee, which has been
the desirability and
practicability of :buying the C.
E. I. and operating it as another
municipal utility.
Such a step
has been recommended by Mr.
Eaton, who has assured the city
administration that the purchase
considering
that
for
Yj
February Tax Income—An un¬
and
interest
(M-N) payable at
Chemical Bank & Trust Co., New
York City.
Purchaser to pay for
contract
and; in
chaser.
.people..'./• ■■:.„•*'
spe¬
before
appear
the
city with "an ir¬
resistible opportunity," but added
companying
*
to
follows: $8,700 in 1945 and $7,000
from 1946 to 1948 incl.
Principal
bidder may, at his election, be re¬
lieved of his obligations under the
the bonds
case the deposit ac¬
his bid will be re¬
from 1950 to 1952 incl. and $22,ing during the second World War,
000 in 1953.
Legality approved turned. The approving opinion of
or to certain of their beneficiaries.;
Reed, Hoyt & Washburn, of New
The above indebtedness shall be by Hawkins, Delafield & Long¬
fellow of New York City.-' %
1 York, will be furnished the pur¬
incurred without a vote of the
members of the armed
forces of the United States serv¬
charged
that
during
invited by
was
resolution
cial
Federal
successful
owned
Eaton
Mr.
the
to
Town, such cost to be determined
by deducting the total amount of
the premium bid from the aggre¬
gate; amount of interest upon all
author¬ 000, it was said.
y
ities have failed to recognize such
Yonkers, N. Y.
•changes."
the
municipally
period."
*
Dated Dec.
must
present a united front in
of their position to the
;Congress. There should certainly
City Auditor, will receive sealed
be no division of opinion of the
bids until noon on April 6 for the
purchase-of $29,700 3% coupon Oregon Congressional Delegation
street improvement bonds.
Dated ■on this point, and it is up to the
May 1, 1943.
One bond for $700, .taxpayers of the State to see that
Bond
Toledo, Ohio
Offering—' Rudy Klein,
!suppor.t
,
others $1,000 each.
Due May 1, as
no
such division shall exist.
^
^
THE COMMERCIAL &
1038
Bond Sale—The $2,000,000 un¬
Congress at the present time pro¬
viding a complete administrative employment relief bonds offered
set-up for all electric power pro¬ March 16—v. 157, p. 943—were
duction, transmission and distri¬ awarded to a syndicate composed
bution facilities which are now or of Phelps, Fenn & Co., Graham,
Parsons
Oregon and almost guarantees its
monopoly therein. The provisions
of the bill with reference to tax¬
ation of Federally owned electric
facilities
therefore becomes
of
vital interest to this State."
PENNSYLVANIA
Other
Pa.
Offering
—
E.
Vincent
bids
tax
levied
&
Bid
&
Stone
and
Bankers
1%%
—
Trust
Co.
cf
100.319
New York
al
of
l3Ar/o.
100.279
%
Stuart & Co., Inc.,
& Co., Inc. and B.
Ingen & Co., and
Halsey,
Blair
Van
J.
Associates
•
1%%
100.139
2Y
100.60
& Co., L. F. Rothschild & Co. and Hemphill,
Blyth
taxes, now or here¬
or
assessed thereon
Noyes & Co., and Assoc.-
.
,
than
Westerly, R. I.
military service may not be sold
for less than all of the bonds will
for
taxes,' save
in
exceptional
accepted.
In the event that
prior to the delivery of the bonds cases, the overdue tax shall bear
interest at the rate
of 6%
per
the income received by private
holders from bonds of the same year, due and payable six months
be
six
more
the
termination
amounts
income taxes
paid to the Fed¬
Government .for
further
of
the State
goods in stores
assessed at the
I
taxes.
that
recommend
stocks
(floor tax)
be
as
other
new
taxes
rate
same
personal property.
"This is
to
be
put upon the people of the
State
when
Federal
burdens
additional
being placed
are
City and County Levee
Texas
by the
us
upon
Government to
carry on
activities
of
war."
the
-
Impt. Dist.,
Distribution
Bond
Pending
—
Depositors of the above district
are
being advised by the Bond¬
holders' Committee that it is pre¬
pared
make
to
distribution
a
to
depositors in the amount of $5 per
deposited bond, representing pay¬
ment of the April 1, 1939, inter¬
est, coupon. This distribution will
be made to depositors of record
of the
as
of business March
close
Checks for the amounts
will be mailed by the de*
20, 1943.
due
for
time
no
positary,
&
Central Hanover Bank
Company, 70 Broadway,
York, N. Y., on March 25,
Trust
New
1943.
The transfer books will be
v
closed
from
March
1943.
25,
than
of
"The
fairs
of
administering
the
of
during
the
he de¬
The
months
after
af¬
highway department
few years will
next
20
March
to
committee
how
debt-free
time
than
status
in- its
recent
Olin D. Johnston
ernor
at
history,
March
on
the. $6,800,000 "debt
measure
as
recently
by the State Legislature.!
signed
10,
6ur-gasoline tax for
of
amount
this
period.
same
■*v
The
law
new
$6,-'
appropriates
and administration.
ance
"The
department
I will
sured that
helping them
can
lend
my
be as¬
aid in
the finan¬
cial chasm that • it is facing. . .J
retirement"
enacted
of
Appeals, Fifth Circuit, has de¬
that the supervisors of
termined
the district must bring foreclosure
determined that every dollar col¬
any
Gov-j
bonds.
department needs approximately
$8,000,000 with which to pay prin¬
cipal and interest on bonds dur¬
Signed—
a
of
The United States Circuit Court
proceedings
"The present drop in the sale
in financial town meeting.' of gasoline is becoming danger¬
ously near r the - point where the
SOUTH CAROLINA i
;
department cannot pay its obliga¬
tions and carry on: a reasonable
South Carolina (State of)
program of existence in mainten¬
Debt Retirement Bill
Bringing South Carolina closer to
principal
$1,948,000
efficient handling. This is plainly
evident when it is shown that the
the
The penalty tax rate prescribed
by the act coincides with the pen¬
alty tax rate set by Westerly tax¬
represents
amount
the
period of ing the year 1943.
This is very
to
the
estimated
total
military service of such person." close
;
and accrued interest or
par
all
eral
recom¬
to grant an exemp¬
as
payers
No bid for less Ferguson, Jr., issued a ruling that
while real estate of a person in
Affairs.
Internal
tion from
I
income tax law be
our
so
his depen¬ demand the most business-like and
period of military service and still
not
New
and Associates....
York,
or
occupied by his dependents or
employes, for a period extending
and Nation¬
Bank
City
military service
so
New
York, First National Bank
of
1%
business purposes by a person
dents at the commencement of his
and
Co.,
&
Associates
agricultural
or
in
&
Webster
Inc. and F.
Blodget,
Moseley
S.
100.409
to principal
as
amended
In .discussing highways,
clared:*
■
■
cupied for dwelling,
l%'/«
Co.,
&
Ruling On Soldier Property Tax
only. The
a
query
bonds will be sold to the highest Liability — Following
made by a young Westerly law¬
responsible bidder subject to ap¬
proval of the authorizing pro- yer now serving in the Army,
Town
Solicitor
John
.ceedings by the Department of Westerly
trable
mend that
the
"The foregoing provisions apply'
only to real estate owned and oc¬
Co.,
Sachs
Ripiey
present or future law
Commonwealth.
Regis¬
the
them. However,
merate
of
Dallas,
as
of such non-payment,
Rate
Rate
Trust
Goldman,
under any
of
Int. 1
.
Bank
Inc.-,
taxes, except succession or
inheritance
after
,
Co., and Associates.
Principal and interest pay¬
deduction for any
or
,
and
without
able
.
of correcting our tax
many
inequities
as
possible. There are so many in¬
equities in our tax system that
time does.not permit me to enu¬
ways
system
terest shall be incurred by reason
follows:
as
1
Harriman
a single rate
of interest which the bonds are to
bear.
;■
ical
.1, as follows: $18,000 in 1944 to
1948, and $19,000 in 1949 to 1953.
Each bid shall specify in a mul¬
of
were
■
Lazard Freres & Co., Chem-
April 6 for the purchase of $185,000 coupon bonds.
Dated April 1,
1943.
Denom. $1,000.
Due April
Vi
any
Co.,
Bidder—
Director of Accounts
and Finance, will receive sealed
bids
until 10 a. m.
(EWT) on
of
&
■
Hartnett,
tiple
collection of said ture
the
proceeding or action
for such purpose commenced, ex¬
cept upon leave of court granted
upon an application made therefor i
by such collector. •
•.
or
Monday* March 22, 1943
"
;
Bond
tax
"If upon such application the
Equitable Secur¬
ities Corp. and Coffin & Burr, all court shall refuse to stay such pro¬
of New York;, Arthur
Perry & ceedings, the taxpayer shall have
the right to redeem the real estate
Co., Boston, A. G. Becker & Co.,
so
sold in accordance
with the
Chicago,
McDonald-Coolidge
&
Co., Cleveland, Martin, Burns & provisions of the law with respect
to the sale of real estate for non¬
Corbett, of Chicago, and Crouse,1
1 ■
i
Bennett, Smith & Co. of Detroit, payment of taxes.
as
"Whenever any tax or assess¬
l%s,'at a price of 100.915, a
basis
of
about
1.65%.
Dated ment shall not be paid when due
April 1, 1943, and due $100,000 on by a person in military service,
April 1 from 1944 to 1963 incl. the tax shall bear interest until
Re-offered to yield,from 0,50% paid at the rate of 6% per an¬
to 1.75%, according to maturity, num and no other penalty or in¬
hereafter be constructed or
acquired by the United States in
the Columbia River Basin area.
This bill places the United States
Government squarely in the elec¬
tric utility field in the State of
may
Johnstown,
enforce
to
Providence, R. I.
"Legislation is pending in the
,
FINANCIAL.CHRONICLE
•
"I
not believe
do
ditional
do
pass over
bonds
that
should
be
sold
road building but it
any
ad¬
any
to
may
land
delinquent
against
The
owners.
has
court
also
lected by the district must be ap¬
portioned
20 %
*.
operating
the
to
district's
account
(up
to
ant
amount not exceeding $15,000 per
annum), and 80% to the payment
of judgments to the committee.
The committee's judgments as ob¬
tained in the District Court, pro¬
vided that it was entitled to prior
payment5
itors.
against
as
This is the
mittee
has
other
able
bution
to
depositors.
com¬
collect
to
sufficient funds to make
mittee will
cred¬
the
reason
been
distri¬
a
The
com¬
de¬
accept additional
posits after March 25.
Any inquiries or
further. information
dressed to W, D.
request
for
be
ad¬
may
Bradford, Secre^-
tary,, 115 Broadway, New York,
N. Y. Vy-i
become necessary if the gasoline
Carolina
tax revenue continues to drop, to
Jackson County Road District
Sinking Fund Commission, .to be
after
the
person
is discharged
sell refunding bonds in order to
type and character shall be tax¬
held by it as: the "funded debt
No. 17 (P. O. Edna), Texas
v
>/•.; V..--"A
able by the terms of any Federal from service.
save the credit of the State. The
sinking fund," to provide suffi¬
Bond Offering — M. L. Cobb,
income tax law,
The controversy,, believed to be
finance committee of this depart¬
the successful
cient funds to pay off air bonds
County, Judge, will receive sealed
bidder may, at his election, be re¬ the first to arise in Rhode Island,
evidenced in the funded debt of' ment* which has already offered
lieved of his • obligations under under the
Soldiers
and Sailors!
to cooperate with me, should keep bids .until 10 a.m.. on April 1 foi*
the State "except highway,
cer-j a close watch* on all the financial the purchase of $19,000 - road
the contract to purchase the bonds Civil Relief Act of 1940, in rela-;
tificates of indebtedness and obii-,
and in such case the deposit ac¬ tion to real estate and not per-!
affairs of this .department. I am bonds, part of an authorized is¬
gations" of the school book com-;
sue of $35,000.
Dated April 10,
companying his bid will be re¬ sonaf property,- was brought about mission.
glad to inform you that this de¬
v>,
'
A; !'. ;>
1943.
Denom. $1,000.
turned.
The purchaser will be by Harold - B. Soloveitzik of 13
Due April
partment has already - begun to
The $6,800,000 represents a sur--;
furnished
without
charge
the Pleasant street, Westerly.
'i
drastically cut its expenditures 10, as "follows: $3,000 from 1944
Owner of an
undivided one-' plus fund, from current revenues,-; and try to live within its income to 1948 incl. and $4,000 in 1949.
opinion of Burgwin, Scully
&
in excess of appropriations made,;
as much as possible.
Churchill, of Pittsburgh, that the fifth interest in the family home
! .
:.,
; Principal and interest payable at
,
South
to.4 the
800,000
•
-
,
bonds
valid
are
general obliga¬
City, payable from ad
tions of the
at
that address,
The
the young attor¬
valorem taxes levied upon all the
taxable
under
the
therein within
prescribed by law.
property
limitation
Enclose
certified
a
check
$3,700, payable to the City.
retirement
measure
Brown
It. re-i
Barnwell.
of
service
men's
act
collection of
the
he'
town
a
ceived
M.
Pa.
Bonds
Authority,
Housing
.
Y
issue
Approved.—An
of
,$782,000 3% housing project bonds
was approved on March 3 by the
Pennsylvania Department of In¬
ternal
RHODE
ISLAND
Newport, R. I.
Proposed Bond Issue—City So¬
licitor
been
has
instructed
to
.
and
draft
Assembly
in the General
bill to authorize the
present
a
city to issue $470,000 bonds, in¬
cluding $270,000 for construction
and
work
$200,000 to fund float¬
ing indebtedness.
he said.
■
Johnston
South
of
finance, Gov¬
said:
Carolina
"The
finds
State
itself
in
..
.
.
Affairs.
On the subject of
ernor
•-
,
Philadelphia
'
Edgar.
the support of Senator R;j
the fortunate position of having
Jefferiesv former Governor;!
at this time a large surplus.
No
Olin
Johnston,- State
tax on his property could not be*; Governor
one knows exactly, how much it is
Jeff
B. "Bates; - and
enforced while he was in military Treasurer
now, or will be at the end of this
V', fiscal
service.
: ■
'
•.
4 others;- '; -'
year, so I call upon the gen-!
It was his
May Issue Refunding Bonds- feral
understanding,- he
assembly to guard the fi¬
said, that the 1 property could not Governor Urges Use of Surplus nances of the State. The fact that
Debt
be sold for taxes and that the; for
Redemption — In
his: we have a
surplus now is no guar-:
overdue tax would carry no pen-, inaugural address at the opening
antee that we will continue to
session of the 1943 State Legis-<
alty tax.
have one in the future.
We can¬
On the basis of that, he added, lature
Governor Olin D. .John-! not see into the
days ahead, so it
he intended to forego payment of ston
stated
that
a
continued seems wise to
keep a portion of
his share of the tax until after the drop
in gasoline tax revenues
this; fund intact as the State's'
war.
For the same reason, he may make it necessary for the
operating capital.
said, his brothers Abe and Samuel, State to sell highway refunding
V "I recommend that the greater:
both serving in the Army and each bonds "in order to save the credit
portion of, the surplus, however,;
owner
of a one-fifth interest in of the State." "The present drop
be converted into the payment of
the property, would do likewise.
the
: in
sale
of
gasoline,"
he outstanding... bonds of the State
His sisters, the Misses Ella and warned, "is becoming dangerous-;
that have 'call' features and if we
Florence Soloveitzik, both teach¬ ly near the point where the de-|
have any surplus remaining, we
ers,
however, would pay their partment cannot pay its obliga-! should not allow the money to lie
share of the tax when it fell due, tions and carry on a reasonable
idle when it can be invested in
the
believed
for
debt
introduced by Senator
was
wrote to Tax Collector Lewis'
A.
Stanton of Westerly saying that
ney
,
program
of
in .{main¬
existence
bonds
war
I
draw interest.
and
Seeking information, Collector' tenance and administration.".,.
recommend if we do not have
Stanton requested the opinion of
Declaring that "this is no .timet sufficient amount of bonds of the
Solicitor Ferguson.
It follows:
| for new taxes,", the Governor rec¬ State that have 'call' features, we
,
North Providence
(P. O.
Centerdale), R. /.
>
A.
Robert Black
bonds
were
March 18.
Treasurer
that $90,-
states
000 coupon sewerage,
offered
Act of 1943
and
sold
Denom. $1,000.
on
National
Bank
of
Boston.
Legality approved by Ropes, Gray,
Best,
Coo'lidge
bonds
The
& Rugg, of Boston.
were
awarded
to
Halsey, Stuart & Co., Inc., New
York, as 1S/4S at a price of 100.121,
a
basis
First
of
about
National
1.736%.
Bank
of
and Barrett &
The
Boston
Co., of Providence,
each bid a price of 101 for 214 s;
First of Michigan Corp. and Ar¬
asked
me
to
advise!
as
real
estate
that the
State
income
your
of
a
of taxes.
"The Soldiers and Sailors Civil
Relief Act
Governmept ior taxes. Although
declining to estimate .the..amount
provides that of the State's general fund sur¬
in military ser¬ plus, he nevertheless recommend¬
person in his behalf,, ed that the bulk of the surplus be
of
vice,
or
shall
taxes
it
any
file
is
taxes
with
the
collector
of
applied to the redemption of out¬
other, officer whose duty
or
to
standing State bonds having a call
feature, with any remaining bal¬
enforce
or
the
collection
assessments,
an
of
affidavit
that
a
tax or assessment has
been assessed
b.
c.
on
that such tax
unpaid,
and
ance
to be invested in
Some
showing:
a.
/ ■ '
that
invest
a
portion
greater
his property,
or
assessment is
reason
of
such
bonds.
predict a surplus in
excess of $8,000,000 by the-end of
the fiscal year.
Excerpts from
sources
the Governor's address follow:
'
the
.
should
we
keep
the surplus
ance."
as
a
an
.
,
.
small part of
operating bal¬
split-bids with interest expressed
in
multiples of lk of 1% will be
/
County will payfor,
allowed.
legal
of
Texas
Bonds
HV--.'/,
TEXAS
Tenders
retary of
•!/'/
■
$204,000 issue
of 1%% road refunding bonds is
said to have been purchased re¬
cently by the Mercantile-Com¬
Bank
merce
Louis
and
Trust
&
the
Co.
Invited—It
St.
of
Rotan
V.
George
Co. of
Houston, jointly, at a price
100.018, a basis of about 1.87%'.
of
Denom.
1943.
$1,000.,
Dated
April
12,
Due
$42,000 in
Interest payable A-O.
April
12,
follows:
as
1946, $40,000 in 1947 to 1949, and
$42,000 in 1950, optional on any
interest date
1946.
able
-
fice.
on
or
after April
12,
Principal and interest pay¬
the
at
State
Treasurer's of¬
refund
Issuedto
a
like
amount of higher coupon optional
bonds which are voted and elig¬
ible for
direct
100%' State aid, and are
and
general obligations of
County, payable from ad val¬
orem taxes which
may be levied
the
,
all taxable
is
or
amount
property within the
McGregor Independent School Drstrict
by Mrs. E. C. Myres, Sec¬
stated
;
*
County;
Legality approved by
Chapman & Cutler, of Chicago. *
Indep. Sch. Dist.
(P. O. Brownsville)f Texas
Sealed
*
Sold—A
without limit as to rate
/
for
check
certified
A
Liberty County (P. O. Liberty ),y
on
:•;> Brownsville
opinion of Pat Doughterty
Austin.
2%, of the bonds is required.
the Board of Trustees,
that in accordance with the terms
of the
refunding agreement, dated
July 11, 1940," the district will re¬
(P. O. McGregor), Texas
Maturity—It
that
is
now
reported
the
bonds
$45,000 3V2 % refunding
sold at par
to the First
National
Bank
of
McGregor,
noted here last April, are
as
peace,
bonds, dated Aug. 1, 1940. There
is approximately $20,000 available
due on
Jan. 1 as follows; $1,000 in 1947
to
1949, $2,000 in 1950 to 1955,
and $3,000 in 1956 to 1965.
Inter¬
in
for the
est payable
"The
by
war
of
remaining surplus in war bonds.
"From
a
business standpoint,
1940
when any person
military service his ability to pay
thur Perry & Co., jointly, offered such tax is
materially affected, no
100.14 for 2Y>s.
sale of said property shall be made
ommended
authority to sell, tax law be amended to permit the
taxpayer in the: exemption from State taxes on
military service for non-payment all amounts paid to the Federal
to
you
Dated
April 1, 1943.
Due $5,000 from
April 1, 1944 to 1961 incl.
Prin.
and
int.
(A-O) payable aU the
First
have
"You
Sold—Town
Bonds
.
Jackson County State Bank, Edna,
Bidder to name coupon rate and
which
committee
is
committee
a
*
on -
taxation,
subcommittee
of
the
for
have a big problem to solve
recommending to the Legisla¬
on
preparedness
ceive
p.m.
sealed
on
tenders
April
27,
of
until
7:30
refunding
purchase of the bonds.
J-J.
Volume
THE COMMERCIAL &
Number 4161
157
Nederland,
Texas
Municipal
>
,
be asked
Texas
James
which
sued
General
prior
to
1,
Sept.
1940,
two
is¬
these
with
should
B.
than
'
is
;
for
payment. of
Co., of Houston.
the memorandum
list of issues of various
a
which
coun¬
bonds
Brattleboro^- Vt.Sale—The
Note
issue
notes offered
000 tax
157,
A-
of.$100,f
15—
Bond
Rulings
."Clinton
review
which
¥
Below will be found
-
preferred
and
list of corporate
a
stocks
common
called
Canada
City
—
Rogerson
A
A-
.r'
under sinking fund provisions.
*The date indicates the redemption or last date for mak-v
t
ing tenders, and the
l
which, the details
•
998
:.
Company and Issue—.
:.1. •>»
v
•'
>
Date
Business
:
A:f?A',''A-'?*•' A"
Aroostook Valley RR.—
v
:
*
fist
ref.
&
4V2%v bonds, due T961__-_A_-_-Apr 2
5% notes,1due June 1, 1947__Apr ; l
& Co. Warehouse, 1st mtge.''6l/as~_Mar 22
Burlington Mills Corp.-A
'•
•V'1'".'
'A'A/A'"
"AA'
Avery
987
& Sons Co.,'
•
Cumul.
.
.
Cumul.
Pacific
Connecticut
; 1st
&
$2,7.5 series__-;LV-I_Apr
$2.59 ,series^4--------Apr
stock,
preferred
conv.
Canadian
\
preferred
conv.
861
•
;
stock,
Ry.A3 VA xollat. tr. bonds, due
Co.—- 'A
.'•
■».;
3%s,
mtge.
gen.
Consumers: Co.,
1st
-
bonds due
5';
mtge.
1
1
1
•
Inc..
Duluth.
Missabe & Iron Range Ry.—
1st
3Ya %■ bonds,
•
.
mortgage
due
■' -A
.
1st
collat.
Ellicott
trust, 30-yr.
Square
Co.,
5'A
bonds,
.
,
1st
Gin;i
'v
H.
&,
lst
1st
5A
mtge.
•
*
Helvetia
Coal
Electric
AlAA/A
:
1st mtge.
5s,
due
903
Steamship Lines, 54
903
Coupon'
4-
1
3-13
1000
156.
3-
5-15
4-30
5-15
4-30
4-
1
3-31
4-
1
3-20
5-
1
3^31
5-
1
4-
$$2,/a
iquar.)_
.
i$l. V2
.
J12V2C
:
tl2V;iC
Trust Co.,(N. Y.)
4-15
1
3-31
3-
8
3-31
3-20
124c
I
4-1
3-15
3-20
4-
1
75c
4-
1
3-30
4-1
3-19
50o
3-30
3-23
$1,124-
_____
4-
!
$14
1
4-
25c
(quar.)___%_
(Boston)
4-
43%c
25c
(,N. Y.) (irregular 1
Cohen (Daniel) Co. (quar.i'_
Mfg.,
$1.21
(quar.)
Bottling
Co.
4-15
4-15
25c
Loan
1
Investments—
.
Dental
8
3-10
624c.
(quar,)__
—,_________'
Collateral
3-15
50c
of
Columbus
3-15
3-31
374c
Commerce Bldg., class A_„_H__
Chicago Railway Equipment, 74 pfd. (quar.)
Chicago & Southern Airlines (irregular(____
Chillicothe Paper,. 44 4 preferred (quar.)__
Citizens Wholesale Supply, 64 pfd. (quar.)_
:
3-31
fl5c
.
Registered
Chamber
3-13
3;$1
.
(quar.)
Extra
.
904
U872
1
$1%
'(resumed) 1
Dock
Of R»«.
1
t$5
pfd.
Holder^
4-
(quar.)
Commerce
&
Canadian'General'
*
1
of
Bank
Canadian Dredge
A
'
Assurance
Payable
1.2V2c
(quar,l„^_________^ji:,_____
Life
1000
When
Share
—___
A
preferred
Canadian
903
863
v-
1
which
' v
864
:
■
.
'
-
1
-Apr
1
3-25
3-
9
25c
(quar.t____
3-30
3-17
$],%
common
and
Further details and
rec*
Investment News Department" in the week when
a "AAA
declared,
•'
AA
■■
3-30
3-17
:
Aero
10c
3-31
3-15
$1
4-
1
3-15
25c
.4-
1
3-20
Concord Gas
(accum.)
75c
5-15
4-30
Insurance iquar.)_
25c
4-
1
3-20
Connecticut
(N.
H.t, 74
preferred
Life
General
Consolidated Rendering Co
Consolidated Retail Stores, 84
84 preferred (quar.
$2
pfd.
'
(.quar.)_
■
'
,
'
8 4 preferred (quar.)
Continental Rolling & Steel Fdy., com, (quar.)
74 prior preferred (quar,'
Cooper iPeteri Corp.. 6l/24 pfd. (accum.),_
Corn
Per
A
Name of Company
,
Advance Aluminum
•i-
<irreg.)__
.
When
share
Casting
12V2c
Supply Mfg., class B (reduced)
Holders
Payable, of Rec.
3-20
10c
4-
3-17
6
3-26
3-30
3-20
3-
5
2-15
2-27
2-20
3-15
$2
$2
4-
1
3-20
7-1
6-19
9-18
3-
2
$2
10-1
50c
3-31
$1%
3-31
3-24
$2.08
4-
1
3-15
3-19
:
3-24
Exchange Nat'l Bk, & Tr. Co. iPhila.)—
Quarterly
'■
:..
*
Shearing & Stamping
Commonwealth Trust Co. (Pittsburgh) (quar.)
Connecticut General Life Insurance (quar.i_
,
The dividends announced this week are:
993
..-'A1:
> 1st &
ref. mtge. 5'A bonds, series A, due 195Q_A-._AL^Mar 25 -A' r;:.
Illinois Power & Light Corp.--- - ,v • /•;.
-A;;-'
-
show the
we
(quar.),
Commercial
follow with a second table in
dividends previously announced, but
we
which have not yet been paid.
;
Co.—
week., -Then
ord of pgst dividend payments in many cases are given
under the company name in our "General Corporation
"•
,
are grouped in two separate tables.
In the
bring together all the dividends announced the
we
current
992
.-.Preferred
Dividends
first
Apr.
;
1958—
4
«■
■
Mining Co.,
volume
Que.
reported that
semi-ann. Techni¬
common.. (quar.)_______
Canada
DIVIDENDS
%
1864
1, i-. >* 993
mtge. 4 '/<• bonds, series. A, due 1.S45—AL+A-iApr 15
y* '■
& Co., 15-yr. 5'A debentures, due 1957-lA—I—A-Apr
1 *
728
G. Realty Co. (Miniger Bldg.)—
-/■
....,v mtge. & leasehold bonds, dated 1924
:
Mar 31 '!
fifli
Houston
issue. A tin
this
Hyacinthe,
of Company
common..-,
Packing,
Coca-Cola
f
.
bonds
Federal Water & Gas Corp.—r
5 Va A
gold debentures, due ••l&54-.^iwv^^-'-w—-A——May
General Steel -Wares, Ltd., 4% serial bonds, due I945.j-Jun
,
-
99.51
99.23
Sold—It is
Bonds
Canada
,
Clinton
815
due 1957--May 1
Ail
1
May 1
A,
ser.
•
.
1
Apr
\;A
-
♦Announcement .in
;' A
!_Apr
due 1949_____
.
999
1
,
—
$2128
-
1962—Apr ' -1
East Liberty Properties Corp., 1st 6s,
Economic Investment-Trust, Ltd.—
!
-
■
"
and
•
preferred stock____L
Dravo Corp., 6A debenture bonds dated 19301--:: A.
,r
;
.
1 *
.
,
.
991
••
1956—_:._'_:_Mar 31
Cumberland County Power & Light Co.— '
A'-A'.'A
1st mortgage \
bonds, due 1960_i-=——._A__LApr
Davenport Hosiery Mills,
Jewish
.
.:'AA 'A'--.*
1965_~.:___.A_iApr
due
series ;A,
the
A
Philadelphia Passenger Ry.— A/Aa AA./,,;-;i,\A- :<;vAA:
,A2nd mtge. 5 A A©-bonds'due 1956
May
York Ice Machinery .Corp,V,1st mtge. 6sf dated 1927-_i_.Apr
988
988
862
5 ;-A
1945-_Apr
A '( A--v
Power
of
notes_^___—___,_Apr
;
.
West
A'A:
5
„
Congregation
Ltd,—
and
Co.-,..-.._
Si
Mfg,
54
'
437
tLudwigt
■
.
Sholom
mfge. '4-A' veal .estate
Growers
Toronto
____
Pitfield
C.
Systems,-Ltd., common (quar. 1
preferred B (quar.)__
California
.
mortgage
iB. F.i
Baumann
;
,
Butler
.
Aji^ ^/i^tAmtge.: gokUbobdS, series B, due 1949.____.May lW
5'A 1st intge. gold bonds, series A, due 1948
July 2
r4Va.Av 1st?'mtge.? bonds, .series C, due 1949_
__July 2
-Vandalia■<RR.,1: consolidated' mortgage bonds.—__i____Mar 31
Vulcanite;Portland-Cement,Co.-—
A'v
; <• A
;;A-A
.;.lst..mortgage,, 7»/2;A bonds, .due, 1943.
___________May 1
Walworth Co.-20^yr. 6A-.debentures, due 1955—.:
^_Apr
1
-
■
Grain
Toronto
Co.,
Scotia, Halifax, and.
non-cumulative
64
•
preferred stock———Mar 26
.-
Page
-
Chev.
.Church;- ref.
■•f
United
number gives the location in
given in the "Chronicle.".
Associates
W.
of
74 preferred (quar.l-——_________
823
1
999
of
&
99.57
99.55
Bank
Bank of Nova
-
Atttne
Bucyrus-Erie Co..
998
Trustees
page
were
Apr
Mfg. Co.,
Canada,
Leslie
APer
•
'
}
V-
,
i._—•—
(Dominion of)
Bills
Sold—A
Pago
Date
j.
Southwestern: Pubiic Service Co., ser. notes, due 1943-54__Apr 16
Studebaker Corp./: debentures—30
i
redemption,
including those called
;
bonds/ due,: 1956-
of
3.
Associates-_
said
rulings
thought to have en¬
Ipue—r'A'i' A".; ""A'V '
and
Associates
Dominion
Rat.!*
Dominion
Treasury
$55,- $300,000 3 ¥2%
000,000 issue of Treasury bills is cal School bonds have been pur¬
to have been sold on March chased jointly
by the Dominion
Securities Corp., and the Royal
11, at an average yield of 0.498%
Due on'Bank of Canada, both of Toronto,
Dated March 12, 1943.
June 18, 1943.
! at a price of 98.93.
re¬
Traylor Engineering.
bonds, notes,
for
Bank
Frank
and
QUEBEC
.
:
and
Co.
&
Corp.,
St.
*
'•
Imperial
Stoddard, City Clerk, reports
an
election may be held on
the question of issuing^ not to ex¬
ceed
$75,000
fire
station
and
equipment bonds.
-.y.Undeposited unextended'fVasenior deb. due 1942_—Mar 23
Sioux City.■»Service;.'Co., * Isi-mtge.•. 6^ -d,"e- 1951—L——Apr
1
Southern: Natural-Gas1 Co.,. 1st mtge. pipe line 314 A
.
Securities
that
Circuit .Court
of
were
as
Bid
Gundy
Va.
'ShawmhtABahkAiiVvestment Trust—;
;
Wood,
K.
•
Moundsville, W.
r
were
>
Considered—J.
Election
Bond
al¬
been
15, 1943;
15, 1957.
Bidder-
Supreme Court To Review As¬
A-V Company and
and Sinking Fund
has
March
March
on
bids for the bonds
Other
Cheyenne, Wyo.
ports' " that - the
State Supreme
Court of Appeals has granted a
944—was awarded to the
p.
time
dated
are
mature
WEST VIRGINIA
;
Solicitor
'•
March
this
occur.--
sessment
VERMONT"%5./:
-v
'
at
^
V
v.
bonds
and
follows:
bring the matter before
lowed to
torney-General W. P. Dumas, and
the
vide for refunding in part of a
maturity of $2,532,000 5% bonds
due May
1, 1943.
The current
WYOMING
State,-it-is reported that a de¬
fault on
payments due on the
included tin
be
may
move-to
John D. McCall of DallasA
warrants
4 Redemption Calls
recent
a
the
/
presentation
these
of
as
on
completion
laney, Ross & Co. of Chicago, as
2V2S, at a price of 100.109—v. 156,
p. 558—mature Aug. 1, as follows:
$5,000 from 1943 to 1950 incl. and
$10,000 from 1951 to 1957 incl.
date amounting to $156,227.
It is
stated that the precedent for the
tionable callable feature, together
with legal opinions of State At¬
revenue
will be greatly appreciated by
State Treasurer's office.y
interest
accrued
spe¬
take advantage
of what is referred to as a ques¬
warrants, all State warrants are
cashable when, issued, and should
be i presented
immediately
for
payment. ;■ Prompt- '
purchased
Washington of the
county's outstanding road
issues with
principal and
$110,bonds
Aug. 4 last by Mul-
courthouse
Others in the group were
Securities
Corp., Mead &
Co., McTaggard, Hannaford, Birks
& Gordon, all of Montreal, Har¬
rison & Co., Toronto, and L. G.
Beaubien & Co., Montreal.
The
province issued the bonds to pro¬
(P. Q.
County
Details—The
Additional
State' of
bond
Royal
Marinette), Wis.
Supreme Court, the
000
above
current efforts to
1
general '
State
the
" 1925
makes
the
objective being the assumption by
Christie &
V.
ties
warrants
-
in
on March 4 an issue of
$2,~
200,000 314% refunding bonds at
a price of
100.14, a basis of about
Cochran County, Texas, of
Accompanying
requested to notify the State
Other
,
Sought—A test, suit has been filed
in
provi¬
county's action is the assumption
by."the State of similar road bond
house bonds maturing in 1954 and •issues
of. Thurston
and
Grays
1964, and to refunding contracts Harbor counties.
entered into by the county with
As a preliminary to the county's
appropriation at the next session
of the State Legislature.
Out-of-
Treasurer's office.
amended
Marinette
its intention to redeem 6% court¬
eral' Claims Committee for special
are
the
memorandum
tice by
have them presented to the Gen¬
of' such
State Assumption of Road Bonds
to the Tight of op¬
redemption.
'
;
--"'A
The
arrangements with the State
representative of their district to
holders
any
(Province of)
chased
WISCONSIN
Wash.
:
cific reference to the current no¬
make
State
under
assess¬
is set for hear¬
case
SCOTIA
Scotia
Bond Sale—A syndicate headed
by the Bank of Montreal pur¬
ing in the Supreme Court of Ap¬
peals for April 13, 1943.
County (P. O. Ellensburg),
:
respect
tion
Posses¬
'
warrants
date
subsequently
State statute
limitation.
years
of
sors
every
sions of a 1911 statute which was
now
are
Kittitas
attempts by-Texas counties to call
maturity
paving
NOVA
Nova
3.237%.
at¬
to ' combat
means
unpaid
The
ments.
WASHINGTON
with
conjunction
bonds for payment in advance of
warrants, dated
revenue
void because pf the
of
available
Series),
warrants
in
expect to; employ
torneys,
This call is for $1,511,'•
11, 1942.
of 0.45%.
rate
a
the
that
certain Texas municipaLbond
prior to and including May
774.67.
^
all
collect
boro,; second high bidder, named
the
Association
announces
Committee,
Treasurer
(1941-42
includes
of
Group
Bankers
Oct 15, 1943.
The Ver¬
Securities, Inc., of Brattle¬
and due
mont
1039
dangered the security underlying
paving bonds issued to finance
PWA paving projects.
A suit in¬
volved the right of the city to
.
.
reports
189,272-D
Texas
America
of
that he is
balling for payment at face val¬
ue, State of Texas General Rev¬
enue
warrants to and including
No.
the
Investment
of)
(State
Call—State
Warrant
Jesse
t,
memorandum -prepared
a
mittee,
bonds, to supplement the $60,000
bonds previously authorized for
the project.
"
\ :
;
>
Coun¬
By
by its Municipal Securities/Com¬
revenue
sewer
Brattleboro Trust Co., Brattleboro,
at 0.39%.
Dated March 22, 1943,
Combat
Refundings
ties—In
April 6 to approve an
on
additional' $75,000
To
Group
Proposed
Election—The voters will
Bond
FINANCIAL CHRONICLE
50c
4-
1
$1V2
4-
1
3-23
10c
4-
1
3-22*
30c
4-15
4-
preferred (quar.)$2
6-30
6-18
30c
3-31
3-16
30c
3-31
(quar.15c
3-31
3-20
3-31
3-15
3-31
3-15
Corroon
Crown
&
Reynolds, $6 conv. pfd. (accum.)_
International—
Cork
$14
class A
Crum
&
(accum,.)'
Forster,
common
iquar.)
2
'
5 %
.
debenture
bonds,
due
1957
Mar 18
Independent Refining Co.—
let mortgage series A bonds,'due 1949f
.
.
..
-■
1st
mtge.
Interstate
series B
bonds,
due
A
AA
Apr
1
1
Alaska-Pacific
994
-__Apr
1950j-
994
5 A equip, trust ctfs., clue 1950....________A-_____l__Apr
1
Kentucky Hotel, Inc.,. gen, mtge. 6A bondsfA-f_!_Apr
6
Kentucky Hotel. Inc., gen. mtge. 6A bondsf-------^May 10
Lehigh Valley Coal,Co.— -A
:ryA.'A'A-A.;'A.,
1st and ref. mtge. 5% bonds, due 1944__________
Aug
1
Litchfield & Madison Ry., 1st mtge. 5s, due 1959______May
1
Long-Bell;-Lumber Co., preferred stockL_t_vC— -ff-Mar 24
...
,,'A National Union:Mortgage Cm—
A
-
,
Collateral
North
-
Co.,
r-
-
trust -series-A -bonds,
American
•A*:
due 1954______
-:
.
V1945
Oak
^
Park
Oklahoma
_
..
.
Theatre
Corp.,. 1st mtge.
►
,
bonds,
due
__..Mar 22
consolidated mortgage bonds
Utilities Consolidated Corp.—..
Public
4-5V2
.
Republic Steel
5V2 A
Roman
.1st
Corp.,....purchase
bonds,
Catholic
mtge,,
due
series K 4 A .bonds,
Steel
1st
mtge.
Co...bonds,
due
5s.
_____Jun
"
t-
1st
mtge.
3-20
Extra
Detroit
4-
Dow
,
4-
30c
4-
1
3-22
$2
5-
1
4-20
Dixon
5-
Steel
Products
Co
3-19
3-19
4-
3-20
Drug, 7 4
Dock & Corlears Park
4-1
3-20
Texas Sulphur (quar.)—__________
East Missouri Power, 7 4- preferred
A.
Dry
deposit rets,
-
-
ofd.'regis.______
5I/2;4preferred-(quar,)_'A^__w—
Company.:-*irregular
Barker ^Brothers, Corp.-, 5V2/-/ pfd, <quar.)__
Bausch
5 4
£
901
-<
Lomb
Cadwell
&
Mfg.
Electrical
4-
1
3-22
1
3-20
____________—50c
Auto-Lite
4-
1
3-19
4-
1
Products
Quarterly
Consolidated
20c
3-22
Empire
4-16
3-23
Employers Casualty Co.
25c
4-10
3-30
20c
4-1
3-20
4-1
3-20
3-25
3-20
4-
1
25c
3-15
4-
68% c
common
$l»/4
(quar.
(irregular)____
,
1
4-1
Trust
Corp.
4-10
-
Quarterly
Quarterly
Co.
<N.
(quai\>___—25c
Y.)
;___
75c
(quar.)____
30c
(quar.)
(Dallas)
_____—.
Corp.,
3-25
1
3-25
1
3-24
3-9
t
1
4-
Fafnir
$1
3-31
3-19
3-23
Farmers & Merchants Nat'l Bank (Los Ang.)—
$44
4-1
3-25
25c
4-15
4-
500
4-15
3-31
3-23'
Bearing Co.
(quar.t___
Quarterly
Federal
Electric,
Federal
Serv.
75c
4-
1
3-21
25c
4-24
4-14
25c
3-31
3-26
Finance
preferred, (quar.)37V?c
Ribbon-Corp., 54 'preferred <quar.)___
|62'2c
3-31
3-26
Firemans Fund Insurance (San Fran.)
5-
,
1
3-25
3-12
50c
•
1
8-2
4-
3-21
(quar.)
5-
4-
(quar.i___
1
common
3-26
75c
common
4-
Stockyards;
5
preferred (quar.)—$1V4
Equitable Trust Co. (Bait.)
(quar.10c
3-22
&
3-20
4-
11-
54
50c
RR,.
30c
3-20
4-. 1
30c
;
Epdicott-Johnson
1
(Seattle)—
_____—
Products
Electrical
A;. .'A
$3V2
4-
20c
;
(Bostonb-(quar.)
Optical;
convertible-, preferred
Beaton
Belt
Hall-Trust
&
3-25.
.
3-22
68.%c
__
(irregular____1 '
L'
Co-., comjnon^.:j__^__/j
*•
Barrister
996
Electric
1
'
3-
3-31
104
.v.
Baldwin
557'
3-30
4-
104
3-16
3-10
25c
(s-au-V
4-15
;
3-20
40c
(quar.)
25c
—
for
'
Ltd.—
$20
Mfg.
Duval
25c
Construction__/._^__A
Corp,:-;(quar.)___;_z^__;-_—_________
Finance
Norton
1
Properties—
___________/___
Liquidating
Duff
50c
Metal
Amer.
L
3-31
3-31
3-31
3-15
,
4-10
si
3-31
'
3-26
25c
Crucible
4-
Franeiscoi— A
4-20
3-22
4-15
Fields
3-31
Trust Co. .(San
1
4-1
75c
(monthly)25c
preferred (accum. 1
$5.25
Dominguez Oil
4-15
___________
3-15
$3
tquar.).
(Joseph)
1
30c
(quar.)____
'
.
4-1
3-22
A. f'',v
,
4- 1
3-25A
,
$14
—
Edison
•
class
A$6 convertible prior preferred
Detroit
25c
.
stock
$14
3-16
(quar.)
common
4-15
*
1947
64
*
15
Bliss &
645
-,5'r
558
Blue
1
'*
'
-/
Boston
-
(quar.)
Steel'Foundry & Machine-,
Laughlin,
common:.,..
-convertible,
Boatmen's
734.
'
preferred
Birdsboro
-
.*
,■
conv.
__May
due 1958A
1951—^
1
1
Mfg.,
debenture
$1
class A
$l'/2
(quar.)______
5
Finance Corp. (Wash.. D. C.)—
•
;
due
84
3-25
Auto
.
996
1
Bishop of Portland—
Sayre Electric Co.,
Scullin
money.
1954__,_.__
Dennison
50c
A '
'.
Athey. Truss 'Wheel
a.
477
.
.Apr
1
Qo.<. preferred stoek_—1
Mfg.
4-
SI1/?
_____
& Tr. Co. (Mobile, Ala.)—
Ordinary, registration
557
bonds, due. 1948_-___
Reliance
1
3-23
1
1
Arundel
,
-3 A-6 A
4-
3-18
4-
3-22
.
>■
1.
Pennsylvania,RR.,—
a '
....
Ov ",.'v
Gen. mtge. 3bonds,, series, C, due» 1970________l_Mar
31
Philadelphia, Transportation Co.—
,
v
..
,.
5
3-31
3-22
Art
*
10
•
4-
8c
15c
3-31
Associated-Electric'Industries,
-
Apr
4-1
4-
477
—
4-5
Telephone Co., common (resumed)L64. preferred'(quar.)______
__________
Davidson-Boutell Co.. 64
preferred (quar.)_
Artloom.Corp;,(irregular)_-__—10c
•>'
' 996
,
19G0_'_
Cuban
15c
American
*
__Apr
3-15
___'—:•
44' convertible'preferred (quar.)50c
American'-Woolen.Cci:, 7preferred faccum.)
$2
Applied. Arts-Corp. .(irregular5c
Arkansas Fuel OiL 64, preferred (quar.)
15c
476
'
Paramount Pictures, .Inc., 1st, prefer red stock_;_-™u_L—Apr -11> A
Paramount Pictures. Inc^,.,. 1st preferred ^tock____i__:_May 10
j
Parr Shoals Power. Co.. 1st mtge.
5s, due 1952—______Apr .1
Patterson (Jos..M.V & Co., Inc.—
•
•
6A,-debentures
Co. .of Georgia
Extra
" >476
\
t,
4-1
■
15
bonds dated 1935___Apr
Natural Gas-Co.—-
'1st mortgage 3%s, series-B, due 1955___-___f
Credit,A class-A. t quar.)
(Reading, Pa.) (quav.)
Quarterly.
,A'
5
debentures, due 1954——i— Apr
Northwestern Barb Wire Co. 1st mtge. 5V2 A bonds, due
(quar.)___L_—
25c
(irregular)—__
$6 2nd preferred. (quar.)___.
819
•>
•
..Apr
3% A*
common
Shares—
(quar.)
B
Crystal Tissue
Sl1^
995
1
A
Class
3-20
25c
Inc—
Insurance
Class
3-20
(quar.)i__$l34
American Nat'l Bk.
Forster
3-30
S1V2
900
1
84
Crum. &
'3-30
5c
(quai,,.)__
994
.*
4
25c
American European Securities, $6 pfd. iquar.j
American,Hail) &Felt, 6'A 1st pfd. (quar.)__
994
.
.
$7 preferred
American Discount
National Light &
Power Co., Ltd.—
6 A 1st.mtge. s. t gold bonds, ser. A. dated May 1,
l-930_Apr
6 A Tst.mtge, s. f. bonds, w.- B, dated May 1, 1930A„Apr
Laboratories.
American; Business
A
..National Grocers Co., Ltd.,-4 A 1st mtge.; (closed) serial, -,A... At,'
bonds dated Oct. 1, 49.35w~—_A__LAJ___Apr
1
5c
;
American Casualty Co.
t2O40
debentures, due 1947__Apr
1
Monon Coal Co., 1st mtge. 5 A income bonds, due 1955__Mar 25
Mining-—
(quar.A
A
American Air Filter,
...
.
Mississippi River Power Co., 5%
,
Allied
640
;
20c
;A,..^ Extra
.899
.
12'/2c
:
Consolidated
Allemania Fire Insurance
Hosiery
Mills, Inc., preierreu stock-_____A_Mar 31
994
'Kankakee Water Co.— A-A •A"--A v
"'v A'A-A
A Af ""' 'A.' f'A'A
1st mtge., series A 4 Vi A« bonds, due 1959_i._________July
1
899
Keith Railway Equipment Co.—
r
!•
„
Akron Brass Mfg. (quar.)
Alabama Mills (irregular)
*
y'.'A;.'';
Nat'l
Bank (St. Louis)
Edison Co.Hquar; )^__;
!_Apr
1
902
Boston
Apr
1
734
Brandon Corp.,. class A; (accum.)
Tu_Apr
1
734
-
Herald-Traveler.
Brink's Inc.
(quar-.)__"___i
(increased)
Common
64
,
—
preferred (quari)
Co.
of
$14
Pennsylvania
1
3-31
First
National Bank
(Bait.)
30c
,4-1
3-20
First
National
(Chicago)
50c
5-
1
4-10
40c
4-
1
3-22
3-31
3-20
$l>/2
$14
3-23
3-13
$2
(quar.)
(quar.)
4-15
3-31
4-
3-13
1
4-15
4-5
50c
(quar.)
—
,
Quarterly,
iquar.u.
——-
—_
Extra
(M.
H.)
Co., 54
conv.
pfd. (quar.)
4-
1
3-19
$24
4-
1
3-25
50c
4-
i
3-25
$24
7-
1
50c
Bank
Extra
Fishman
75c
7-
1
6-25
4-15
3-31
$114
6-25
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1040
Ter
Quarterly
of Fee
$1
;
$1
——
6V2C
(s-a)_,—-*-—*
$2
(foreign shares) (resumed),.
Paper, 5% preferred (quar.)_T—_
25c
$iy4
(liquidating)
Florida Power & Light, $7
Fort Street Union Depot
preferred (quar.).
Foundation Co.
Fox River
Class B
Finance
General
Foods Corp., $4.50
General
Instrument
General
Investors
Corp.
(quar.)__
3-31
5-
1
4-10
?y2c
4-
public
1
3-20
2
3-18
25c
preferred
4-
3-31
3-
Drug, common
Class A (quar.)
1
3-23
3-22
2
3-20
1
3-20
4-
5%
Class
•4-1
3-26
4-
8%C
44-
1
4-
1
5-1.
$50c
4-
1
3-24
20c
4-
1
3-15
3-31
3-24
preferred
6%
;•
-
$9
(irregular)-.
2-27
3-31
4-
15C
(quar.)
Steamship Co
International Bronze Powders, com. (quar.)_
participating preferred (quar.)
International Milling Co., 5% pfd. (quar,)
tWestors Royalty (s-a)_.
i'4 non-cumulative preferred is-a)
3-15
120c
4-15
4-15
3-15
$iy4
4-15
3-26
—
-
2c
3-26
3-
3-25
3-12.
Titusville Trust Co.
3-25
3-12
3-25
3-12
4-10
4-.1
Travelers Insurance Co,
1
3-20
Tubize
4-
15c
4-30
4-
class
cumulative
Steel Co.
A
6
4-
4-28
3-30
Twin Disc Clutch
4-
1
3-25
Underwriters Trust
(N. Y.)
4-
1
3-19
Bank
Co.
:
7%
'
—
Electric
Lawyers
Steel
Co.
Trust
Co.
(N.
Union
Leath & Co., $2 preferred
Lehman
Corp.
United Income Fund
4-
1
!
United
$2
3-15
4-
1
4-
8
3-26
7%
(Charles),
preferred
(quar.)
1
3-20
U.
$iy2
25c
—
'"■■
preferred (accum.)——
Loaghorn Portland Cement (irregular) —
Lord & Taylor, common (irregular)——
8% 2nd preferred (quar.)
Mahoning Coal RR
Maine Central RR,, 6% prior pref. (accui
"
■
U.
S.
Itendel
6%
preferred
MteClatchy Newspapers, 1%
I'i'o preferred (quar.)
7% preferred (quar.)
4-15
4-1
3-
1
3-17
Utah-Idaho
$2 '•■'"
5-
1
4-17
Valve
Van
1
3-26
4-
1
3-25
50c
5
3-26
4-
1
3-18,
6-
1
43 % C
)
preferred (qu£
43 %c
:
——
JtoColI-Frontenac Oil,
67o pfd. (quar.)—:
Ntefcdville, Conneaut & Linesville RR. (qu£
Michigan Seamless Tube (irregular)_____
i**
t"1
50C
3-
50c
3-
5-1
4-
1
3-20
3-22
preferred
Co
(quar.)
5c
5
Mwitreal
M«*>re
Light Heat & Power (quar.)
(Wm. R.)
Dry Goods
$iy2
Plan Bank
Matris
Plan
Co.
(New Haven)
of
California
Cafeterias Cons.,
(quar.)
(quar.)
7%
Investment
Natiaimo-Duncan
10-
—
—
.
(quar.)i V
pfd.
Ltd.
*:
1
Villa
1%
■
87
preferred
.)
u!^!-.j.i!i!^!!^;!»!;!ii--i
2nd
preferred (quar.)
Accumulated; _^:>!'^
North American Investment Corp.—
6%
.
preferred
SMjfk
•
3-15
fdiicago) (quar.)—»!
7% preferred (qua: .)
original preferred (quar.)„_—!!_„
Ontario Silknit, 7% preferred (accum.)
common
(quar.)
6%
4-1
3-23
4-
1
3-15
Adams
4-
1
3-16
.
-
:
(quar.)
4-19
this
3-31
/ American
6%
9
3-10
;
1
APW
•
Properties class
cumulative
1
3-10
4-
t
///■ 5'/2 %
'
;
4-1
American
(J.
3-27
American
'
Type
Water
(quar.)^„_
Mfg.
>.-"
.**_
Co.
-
3-24
4-
1
3-15
4-1
3-26
Angostura-Wupperman Corp.
4-
3-26
Arden
1
2-15
2-
4-
1
3-
4-
1
3-29
4-
1
3-29
4-
1
3-19
4-
5
1
Co.
$3
50c
25C
:•/■' 5c
_.
Insurance
(quar.)
4-15
Kssociated
Breweries
preferred
(Canada)
10- 1
common
Investment
(year-end)
-
(quar.) —
3-12
4-15
Quarterly
3-30
3-15
■>' 3-23
3-19
3- 5
3-11
4-10
-
4- 1
'
$1
•
•
4- 1
4- 1
4-
$$1%
4-
Rayon Corp.—
:
75c
—
3-31
Air
12!/2c
3-25
5-15
4-15
5c
4-10
Associates, Inc.*;_*^__;
Airplane'Mfg. & Siipply (extra)
___*__
Power Co., $5 pfd. (quar.)__*
$6 preferred
(quar.)-^__^____„
Alabama
preferred
Alabama
3-15
Allied
87 y2c
4-
3-19
Allied
&
Allegheny
5
(quar.).
(quar.)_
:/».
Class
:
Bancohio
^
Bank
of
Bank
4-16
Bankers
of
__!____
6%
4-
1
3-12
Bankers
4-
1
•>-3- 8
3-31
433/ic
■
4-
$5V2
1
Bath
9'
Yorktown
Trust
(N.
Y.)
(quar.)__*_*'_.
Investing,
(quar.)
com.
(quar.).
—
Co.
(N.
Co.
preferred
Iron
Beatrice
3- 9
Co,
(quar.)*—.
(quar.)—
National
preferred
Y.)
3-18
Pennsylvania
Illuminating Corp.—
Participating preferred class A
Philadelphia Co., common tquar.)——
8% preferred (s-a)
Stores
Corp. common
-•
preferred
(quar.)
;____*:
Allis-Cnalmers
Mfg.
Co._!___;_____*__*___
15c
Alpha
6y4c
3-15
3-
8
10c
4-26
4-
1
5-
4-
1
$iy2
1
Portland
Aluminum
Co.
Cement
Co.
of America, 6%
._!_!_
pfd. (quar.)
(initial quar.)____!;
Aluminum Goods Mfg. Co. (irregular)—___
5%
preferred
-
$1)4
3-31
*
25c'•
$iy2
$1V4
(quar.)
common
(quar.)——
(quar.)___„__*;**_*——.
Works.——
20c J
v
1
4-
1
'
1
s-
>
3-
8*
Creamery
preferred
common
(quar.)——*
(quar.)_—__.
.__*_**;*.
3-1
Belding-Gorticelli Co., common (quar.) !*.
4--l* ' w>"+ ;7%* preferred (quar.) __—!_*_
Bell Telephone of Canada (quar.)____*—L
3-17
-3-15
■>
$5
Beatty Bros., Ltd., class A (interim) _!_*_:
Beech Creek RR. (quar.)—;—!—*—__.
Beech-Nut Packing (quar.)—*_■—!—!*_*.
-3-17
-
3-25
>4.
,
3-31
-
I
-4-1
25c
•*
4-20
'
■
.
-
■'-'.?
(quar.)V
Scotia
BaSti&n-Blessing
3-10
3-
York
Nova
'"
"'v
Manhattan
of New
of
3-12
:
the
Bank
Bank
4-3
50c4-1
—
Corp.
3-18
*
(irregular)
(irregular)
6% pfd. A series 1924 (quar.)_
Quarterly
4-1
$3:
Co.
3-18
-
-
Bangor & Aroostook RR., $5 pfd. (accum.) —
Bangor Hydro-Electric, 6% pfd. (quar.)
7% preferred
(quar.)__——_—*____*—
5-1 -
35c
*
B
Baldwin
3-20
4- 1
->
(monthly)—______
common
(monthly)
(monthly)
Axe-Houghton Fund, common
$l3/4
v
Products
A
Common
$l'/4
Vicksburg Ry. (s-a) ____**_
Steel *!—_____!!_'
Corp. com. (increased quar.)
Ludlum
1!
$2.50 prior preference
$1V2
•
5%
1
50c
Common
3-15
4-1
4-15
4-
$1V2;
•.///i**'■;;/
'
(quar.)_;
(quar.)*_*_—_—
/! $2.50 prior preference (quar.)
Atlantic Refining Co., 4% conv. pfd. (quar.)
Autocar Co. $3 preferred (quar.)_!____**__
Automatic Products Corp.—*_*_;_*_!*!____
Automobile Insurance Co. (quar.)—
Avery (B. F.) & Sons 6% pfd. iquar.):
/
50c
$iy4 -.-
Gas
Avondale Mills,
v
50c
_*
Light, 6% preferred (quar.)—'
City Fire Insurance (quar.)—______
-
3-15
1
$$1
3-
.
3-27*
3-31
4-
3-10
"
1/3- 5
I $l'/4
28%c
25c
$7
f
4-1
20c
Ahlberg Bearing, class A (quar.)__*!_.*;;_*
Mfg. Co. (irregular);——_!_!'_*
40C
10c
$25c
(quar.)_
Atlantic
3-12
3-31
Ainsworth
1
tlOc
(quar.)
preferred
Atlanta
3-23
3-31
3-20
Class
-
15c
$20c
(quar.) —**_
Co., common
5%
3-31
4-1'
-
30c
3-20
Lives
$1%
t$l3/4
-
on
$1%
$iy2
common-*—'
Associates
When
Holier«
Payable of Ree.
37V2c
___•
1
i2ysc
(quar.)-
Pennsylvania Co. for Insurances
and Granting Annuities (Phila.)
$3%
preferred
.
3-19
4-30
Farms
75c
$2.25
(accum.)
Arkansas Power & Light, $7 pfd, (quar.)
$6 preferred (quar.)
__!_*__**_.—_***.
Armour & Co. of Delaware, 7% pfd. (quar.).
Art Metal Works, Inc. (quar.)
Asbestos Corp.* Ltd. (quar.) _*!_!*_**-/
v': ■"■ ' Extra ,*; *!!_*!*!!* *____*_****!;■/*.
Ashland Oil & Refining common (quar.)*___
3-17
1
4-1
.
$1%
preferred
(quar.)
Amoskeag Co., common (s-a)
preferred (s-a)
Anaconda Copper Mining
Andes Copper Mining
;
50c
Works & Electric—
1
40c
4-
:
Founders
■■:■
$iy25
pfd. (quar.),,
(initial)
4-
75c
$6
25c
$1%
$2.25
'.Q; $4.50
Agricultural Insurance (Watertown, N. Y.)—
3-15
6%
3-20
25c
(quar.)
3-31
1
Co.,
4-1
'
$1
;
(quar.)
3-16
4-
■
./'/■
1
;
D.)
1
3-22
Tobacco
*
10C
'
3-15
10c
preferred
30c
68 %o
;
***
: .! 3-27
4- -1"
$iy8
*:
1
10c
4-
3-25
(s-a)
American Stores Co.
30c
A__„__
4-20
1
—
common—
American Sugar Refining, 7% pfd. (quar.)*
American Telephone & Telegraph (quar,).
common"r.(quar.)40c
3-31
4-
preferred
Corp.,
6-21
thare
Engineering, 5% pfd. (quar.)
Agnew Surpass Shoe Stores, 7% pfd; (quar.)
$iy2
Utilities
3-22
-y-vPer
Life
3-25
States
3-22
$1%.
Company
Aetna
4-15
common—
1
$iv2
Extra.
4%
4-1
(quar.)
1
week, these being given in the
3-25
1
Co.
.
American
The list does not include divi¬
i '
5-15
Snuff
preferred
American Stamping Co. (irregular)
American States Insurance
(Indianapolis)
3-23
$1%
B
class
Laboratories,
4-1
(quar.)
3-15
$iy2
Insurance
4-
(irregular)
class A
4-1
$1%
Aetna
*V
Co.
7% preferred
3-25
4-
81%
:::
'4-15
Smelting & Refining—
r
Name of
3-31.
^*/>\
20c
Service,
Atlantic
announced
i5c
0
$iy2
Screw
4-
.
1
3-16
$2 y2
—-
paid.
■
$1%:"^
(quar.)
American
3-31
4-
75c'
3-25
i
,,
preferred
American
3-20
;
(irreg.)_
Rolling Mill—
convertible
$iy4
—
3-25
;
preferred
3-15
4-15
$1'A
;;
1
3-25
4V4 Vo
American
(quar.)
1
4-20
(quar.)
___*!*!**__*_;!_:
3-15
>
4-
50c
Greyhound Lines—
*:
1
4-
4-
Addressograph-Multigraph (quar.)
Aero Supply Mfg., $iy2 class A
(quar.)
Aetna Casualty & Surety Insurance
(quar.)
Sl3/4
'
Power, common.--
convertible preferred
Abbott
3-23
$iy4
—
$3y2
4%
3-19
J$l%
$4>/2 dividend series (quar.)——
Pacific Fruit & Produce-Pacific
3-31
4-1
$iy2
.
pfd. (quar.)
preferred (quar.)_^————__
Ottar Ta:l
4-20
•;r 4-1
55c
—
7% preferred (quar.)—
Orange & Rockland Elec., 5%
4-
$25c
&'%
Steel Products,
3-31
$4 y2
Northwestern Electric,
Ontario
4-20
4-
pfd.
*—.
$1
(quar.)
pfd.
American
1
give the dividends announced in previoui
we
3-31
:
1
1
(quar.)_
American
SI Vi
•
■
3-17
4-15
eoc
•'
3-3 i
preferred
$iy2
■
$iy2 «4-
**»' '1
3-31
7%
**-■' Common .**■!__
3-15
25c
Aetna Standard
;
3-25
3-
(quar.)
$2.50 prior preference
4-1
'•
-•"■■■4-
American Radiator & Standard Sanitary—
3-24
-
4-30
V, 4- 1
50c
(quar.)
preferred
American President Lines
3-25
1
3-18
810"
Northern Trust Co.
4-
V
preceding table.
5-15
$10
Optical
Paper Goods Co., 7%
7%
3-15
3-15
$1
3-15
3-31
$I'/2
/
w'
(accum.)-—
preferred (accum.)
•V
:
Corp.—
—
dends
3-31
$i'/2
(quar.)_
Niagara Wire Weaving (quar.)__.
Accumulated
(s-a)
weeks and not yet
$25c
pfd.
6%
5-15
$134
(quar.)____
Newport Electric (R. I.); 6%
Grocers,
1
15c
:
3-23
(Chicago)-
Associated Dry Goods
35c
(quar.)_
Radiator Co.
I
3-31
15c
Co., 7%
Below
35c
Glass B
National
(quar.)*
Metals
Semi-annually
77o
35c
V
$1%
(accum.)
$lJ/4
3-20
K
3-30
$1%
.
Zenith Radio Corp
50c
//■
(quar.)
■
50c
——
(quar.)
Young (J. S.) & Co., common (quar.)—*!!..
IVa preferred (quar.)
25c
(Hartford)
Securities
6-
1
pfd,
Foundry
&
__
American
30c
(accum.) *_—_!!*_!—*—*^!,i
3-24
4-
_
3-31
3-26
4-
25c
preferred'„(;quar.)—————*_—**;!'
25c
Fire Insurance
-;;
3-15
■>
3-6
iy2c
.
4*1
30c
3-30
American
25C
preferred (quar.)
Wrisley (A. B.), 6% preferred (quar.)
$1%
87 preferred (quar.)
National
Insurance
1
1
•
50C
class A*__
20c
3-20-
$iy2
4-
4-15
3-15
25C
4-1-
class A preferred (quar.) —
Boylston Mfg. (Ala.)—
non-cum. partic. preferred—-!!*—„-
Wisconsin
1
4-
62V2c
(quar.);!*;
preferred
American Nat'l Bank & Trust Co.
3-20
■
3-12
(s-a)*_
(quar.)_____*_*_
3-19
3-31
(irregular)___
3-20
4-
1-3-44
$25c
Nation-Wide Securities
1
$1
3-31
50C ■*;
10c
<s-a).
1
4-
$1 Vi
1-3-44
$1%
.
3-19
Manufacturing, common lirreg.)
preferred (quar.) _*_*!.!*_!!£*!*_*;_
5Vo
3-15
(quar.)
Wilton RR.
;
/■':.7-"-l:
10-
3-22
■
4-1
■
'
!—*—„!„——
(quar.)
$iy2 ;i;I' 3-15
:
-
Fund
Utilities,
4-
1
::
—
_•
$iy2
:
V)
Matual
1
(quar.)
$iy2
——-u-
———„—
M^rris
MAtrison
7-
$iy2
Quarterly !--w->.--^-!!--^-!-!!^--!--!!
Quarterly
/ 4- 1
$l'/2
Quarterly !*__„_
..
*
1
8
3-31-
75C
American
9
3-22
4-
•
50c
—
preferred (quar.)
Wilson Line, 5% 1st preferred (s-a)
3-31
4-30
J37C
—
(quar.)
(quar,)
6%
3-15
.
convertible
preferred
3-
'
.
<quar.).„—
Wheeling & Lake Erie Ry.
3-18
A.)
60c pfd. A
preferred
6'h: preferred
4-15
$1%
$7
(H.
3-31
$2
American Locker Co.,
Machine
5c
(quar.)
Wieboldt Stores, $5 prior preferred
$iy2
Edison,
Montgomery
3-31
5%
■
Machine &
9c
•
—-
(Bait.)
White
Missouri
25c
$l3/4
•
.
(quar.)
3-15
Mississippi Power & Light, $6 1st pfd. (quai
■
>
2-27
3-15
37 y2 c
—
3-22
Illinois—
of
Locomotive, 7%
1
7-
Western
1
M14-West Refineries, conv. pfd, (quar.)
Miners Falls Co., common
,
K'/e prior preferred, (quar.)!!!-!-_--—_•
3-22
3-31
■
25c:
(N. J.)
Co,
American
25c
-
6%, non-cum.
West
3-15
8
6%
Bag,
$4 preferred
3-31
1
investment
American
1
>!4-' 1
;—-*.
Washington Title Insurance, common
r-
4-15
■•;//' 4-,
25c
5.
3-
1
4-
$iy2 /
■
*4-
1
4-1
$iy2
(quar.);*-.*.
3-11
4-
preferred (quar.);;!
Products
(monthly)*;
3-31
4-
75c
Camp Milk Co., common (irregular)**—
12-1
$$iy2
■
(irregular)
Corp. (irregular)
preferred (quar.)„__i
Sugar,
$4 preferred
V,
9-1
43 %C
:
:!
Steamship
3-31
•'
4-
$l-y2
V
—_
Publishers—
&
Upson Co,, 7%
4-
'•/•
1
3-19!
-3-20
■
"rK-m
(quar.)
Ang.)
Universal Match
6
'4-
$l'/2
(accum.)—,
4-
3-25
:—*-
Fidelity & Guarantee
4-
$4>/2
(irregular);_!;/!._!!:*
Brothers
Maftel Mills,
Home
4-15
*
Leather—
&
convertible
American
3-15
75c
(quar.)——*_***
(Los
Plywood Corp. (quar.)
Trust Co, (Newark, N. J.)
S.
3-15
:'-*' $5
■
)
H
3-26'
$1%
(irregular).^!-:;;!!!;!;*!!1
Fund
Printers
$2
'
Lit Brothers, 6%
4-15
$1
:
(reduced)
convertible preferred
U, S.
4-
25c
$1%
12!/2c
8
3-15
-
4-
$1.18%
'
5-
1
•
3-10
3-15
40c
*u_*\
(quar.)
Rope
Bond
3-20
!:;'I4- 1
62y2C
(quar.)———
(quar.)
Wire
3-22
'
25c
(quar.)
$2V2
3-31
30c
3-10
-
10c
3-17
'
Lteich
Trust
&
United
l
3-22
$1%
American Insurance Co.
3-10
3-15
-
$1
(quar.)——;
Union
4-15
"':/■ 4-
3-19
4-
'
-
$4
(quar.)—'
3-19
:
75c
37 >/2c
•
(quar.)—L—
Y.)
3-31
25c
.),;/;
Latrobe
preferred
■
3-25
3-31
17 y2c
;;
6%
American
3-15
1
1
1
4-
5-15
v
$iy2
'/v
4■4-
11-25
;$iy2
(quar;)
(quar-.)!
(quar.)
Hide
5-25
8-25
1
25c'.
(quar.)____.
■American
'3-15
X :
$iy4-/
$1 y2 b 'y
(irreg.) !***!;!!;
common
*
6-1-
$1%
preferred
American-Hawaiian
7
'
$$iy2-
J:ti
Union Twist Drill Co.
(quar.)
4-
4-1.5
9-
/ American Hardware Co. (quar.)
3-23
4-15
(quar.
37Vi>c
(irregular)
4- .7 '
5-1-
4-15
Chatillon, class A__——
i5c
—
'
-
4-a
+3c
■r"
(quar.)„
4-30
;
1
$12 Vic
I-:
6
Industrial Finance—
Latelede
(Pa.)
$iy4
(interim)
5-
preferred
4% % pfd.
com.
Rubber
3-12
3-15
$i3/4-r>; 12-
2nd
Hard
3-12
$1% ' •• •'
_
(quar.)_;!——U^!!!—_
preferred
3-12
1/
$1%
(quar.)
—
preferred
7%
3-16"
•
1
3-23
1
$iy4 ■
!
pfd. A
1st
American
7
1
4-
4-
sivv
'
Torrington Co. (irregular)——_*--**—**—
Traders Finance Corp., 6% pfd. A (quar.)„*
12y2C
Keyes Fibre, 6% prior preferred (quar.)-;—,
Ktrsch Co., $),Va preferred (quar.)
—
La Salle
■„
$1
25c
4-
4-12
3-25
3-16
4-1
'v.
12 Via"
Co., 6% preferred (quar.)
Foreign Investing**!**;-***;;;**
6%
4-
'
15c
Co. (quar.)—
pfd.' (quat.)-,.*———;—*—**
Felt
1
$iy2
>
(quar.)-**!!!*!—**
Hoe,
4-
4-1,
(N> J.)— :
A
&
1
'
15c
preferred
6%
!
3-25
1
Telegraph
Hair &
i
25C
•
(quar.) —*!__
A
(quar.)_
Fork
5-
5-
25c
—_
(reduced)
A
$6
1
5-
4-12
—
American Gas & Electric,
6-15
4-
$2
t75c
.
3-12
34%C
class
American
;-**_!'!_-!—**!!**!---!-!-!***!'
*-.!*!:*!;■;
Irregular
Extra
25c
ffoSarney (James R.) Corp. (quar.)—-—-—
Kallogg Company' —————————— *_*_*.Kfellogg Switchboard & Supply, common
60c
^
3-31
37J/2C
preferred
'
v
3-20
1/32
or
(quar.)J_
District
American
Canadian General Investment Trust-
Third
1
$l3/4
Non-voting shares (irregular)————.!
7 7» preferred <quar.)—_!*___._;-_;!**__*i
:
iquar.)*—
3-15
"
3-16
3-15
(quar.)—
*Jenkins Brothers, Founders shares (irregular)
(Boston)
3-17'
1
4-1
$iy2
(quar.)*_«;!w—;
preferred
American
t
.f
I
;
4-1
4-
50c
stock)
(quar.)—;
American
3-20
3-25
•
v
cash
in
3-11 *
15C
'
—
(payable
A
•
class B
3-15
•
.American Felt
j
„
Acid Works—
!
'
3-16
3-26
15c
:
E.)
9
;V 3-20
—
'si
'
4-1
4-1 1
"
3-20
J37y2C
>v
75c
50c
J 433/4c
preferred (quar.)—
Participating *
———
- t3iy4c
25c
Stokley Bros., 5% prior pfd, (quar,)!;—-*-!
Superior Water Light & Power—
$1%
7% preferred (quarJ!————_—
62 Vic
Taggart Corp., $2»/2 preferred (quar.)
s2
Terry Steam Turbine, common (irregular)
'!• $1%,
7% preferred (quar.)
30C
Texas Water, 6% non-cum. pfd.;(quar.) *--!
'
50c
Textile Banking Co. (quar.)
y
$iy2
Textile Finance, 6% preferred A (quar.)**!!* ^
3-15
;■
3-
7%
3-26
1
3-10
;
stock)
B
Cyanamid,
B
5 %■
5 Vo.
-
•
3-26
4-
25C
t'/o
8% preferred (quar.)
r
K«rr-Addison Gold Mines, Ltd.
r
1
3-22
■
$ 13/i
—_
American Express
3-26
3-30
50c
-
'
3-19
4-1
,
4-26
(quar.)
7%
f
3-15
3-31
60C
(quar.)_i—
I
6-22
5c
6% pfd. (quar.)—___
(quar.Dai-!!!—!!!!*!!;■
Quarterly
I
7-1
preferred
.
7%
6-22 ;
He
tirreg.).
(Dallas)
.
3-22
.
v,
10c
Steel Co, of Canada, Ltd:, common: (quar,) —;
3-19
4-
50c
30c
Platinum*.*
&
Insurance
Life
State Street Trust Co.
1
4-1
$iy2
$iy2
Gold
American
Standard Wholesale Phosphate &
3-22
:3-
3-31
15c
'
—,'r -**-•
.
1
3-31
50c
•
1
3-27
1
1
Standard Paper Mfg.,
3-10
4-
4-.
7-
7%
Co,,
——
(quar.)
•
• 5%
.preferred • (quar.):
'^American Envelope" Co., 7%
•
$3
(quar.)
Common
3-20
4-1
$iy4
■
10c
Standard Steel Spring
3-20
3-20
-
com.
Coach & Body—
Crystal Sugar com.
American
3-20.
-
-4-1
15c
Gas, common_!*-v!--!!—•
Standard-Coosa Thatcher
3-20
$iy2
$iy4c
■
(irregular)
-*
3-22
3-31
10c
'
—•
4- Tvu
63c
■
3-15
3-31.
■■:•-
Southland
3-19
3-23
3-20
(quar.)—
3-19
Co.,
(quar.)
preferred
1
5%, preferred
3-31
American
4-
South
2-23
4-1
,
75c
:
preferred
70c
3-8
43/ioc,
,
(C.
3-15
6%
3-22
3-20
$iy4
:
preferred (s-a)—'
6% convertible preferred (s-a)*i_-_-—•_*!— •
Shareholders Corp.
(quar.)—!
1
! .
Silbak Premier Mines, Ltd.-—-!f
3-27
,
3-31
"13-30
$1
•
6%
3-24
$l'/2
Intterlake
Jafnieson
3-31
25c
tftlierstate Telephone, $6 pfd. (quar.)
Island Creek Coal Co,, common
($6
3-31
12C
;
American
.Class
Oil &
$1.31 y4
of
American
3-31
"
3-13
Stores,
3-11*
3-19
Can
3-31
1
1
Shaffer
4-1
3-31
class
4-
Shamrock
3-24
1
$1
.
Inc.
4-
i5c
.
Independence Trust Sharesindustrial Rayon Corp
Interim
3-31
—
(quar.)
Investors,
4-25
15c
Frwaome Foundation Fund (quar.)
Inland
3-20
1C
(quar.)--;*****',!!_*+**/..:;
Humphreys Mfg. Co., common (reduced)——
6% preferred
3-9
75c
25c
class
50c
;
4-1
share
,
17 Vic
Seven-Up Bottling (St. Louis)- (reduced quar.)
3-15
3-15
37>/2c
H'Owe Sound Co,
-
3-26
3-31
(quar.)
Inc., com. v.t.c.
Hotel Barbizon,
3-15
25c
common-———-
(quar.)—
Baking (N. J.)
Hardart
&
3-26
8%C
i
(quar.)*__»!_*__**
Honeymead Products Co.
Honolulu Rapid Transit,
Horn
(quar,)
(Fort Wayne)
3-15
15c
Note
preferred
$2.75
3-31
Seiberling Rubber, 5% class A (quar.)--i-—,
$2Mj prior preferred (quar.)•
3-19
*
!!.'■
.
San-Nap-Pak Mfg., 70c preferred (quar.)—_
Savannah Sugar Refining Corp, (quar.)—!v;:,
'
50c
Holly Development Co. (quar.) ——
Home Gas & Elec., 6 % preferred (quar.)_*_;
& Tel.
1
''4-1
$1 '
■■■,
r-
■Highway Safety Appliances, class A (quar.)-.
Hilton-Davis Chemical, $114 conv. pfd. (quar.)
Home Tel.
4-
$iy4
3-15
1
$1%- !"5-
25c
•
3-16
5-
3-20
(quar.)*——!!*—-——-.a—
Stockyards (quar.)——
(increased)-
(irregular)——
Capital Corp. $3 pfd. (accum.) —
4% conv. pfd. (quar;)
American Cigarette & Cigar, 6% pfd. (quar.)
American Cities Power & Light Corp.—
$3 class A (payable in cash or 1/64 share
3-15
-
J35c
National
3-15
3-15
preferred
of
v,'i
$iy4
3-23®
preferred
1
American Central Mfg.,
3-18
>
3-26
$5
1
Louis
1
4-
4-1
class A
American
'
3-18
1
40C
1
7r/o
50c
4-
Bank
American
-3-18
(quar.)„
(quar.)——— _
1
75c
B
American
4-15
1
i-
4-
St.
6%
3-15
3-24
4-
75C
(reduced) (quar.)——Hamilton Mfg., class A partic. pref. (quar.)_
Narris-Seybold-Potter, $5 preferred (quar.).*.
Hart & Cooley Co. (quar.)—
—
Hendey Machine Co., class A (quar.)
.Class B (irregular) ——
•
-
5-15
4-
Haloid Company
1
3-31
■
4-
:
3-31
Brake Shoe & Foundry, common—
American
30c
,K: '
3-19
4-15
pfd.
25c
3-15
50c
(quar.i—„
(quar.)—— /
& Power—
4-
4-15
American Bakeries,
3-26
7y2c
*————i.——
4-15
25c
$iy2
Insurance
Asphalt Roof 6%
S'AYe
:
$i.oey4
(quar.)-—
$4V4 pfd. (quar.),
Alliance
American
3-26
25c
3-17
(quar.)—.*—!
American Airlines,
American
1
•m3/4
::
30c
(Del.)—
Chemical
3-24
4-15
20c
(accum.)
Greif Bros. Cooperage, $3.20 class A
3-18
4-
22sC
Gffoup Corp., 6% preferred (accum.)——
3-25
3-31
Agricultural
4-15
50C
—
Flour Mills, common
1
15c
preferred (quar.)——————————
Lawrence
St.
4-
50c
pfd. (quar.)
Republic National Bank (Dallas)
Safe Deposit & Trust Co. (Bait.)
St. Joseph Railway Light Heat
$1
•
.
.
)irregular>
Reed
3-15
;
of New Jersey—
Corp.
1
3-26
:
4-15
of Ree
4-
.American
3-15
1
15c
preferred (monthly)———
6%
■
4-
$1
'
Holdert
■
Payable
5c
r_„—
10c
4-
When
thare
•
Amalgamated Trust & Savings Bank
(Chicago) (quar.)
3-15
—
preferred (quar.)
* 1
class A (quar.)- :
7%
Puget Sound Pulp & Timber, 6%
5
4-1
12c
31 y»c
(quar.)——
■
,
1
4-
3-25
$1%
(accum.)
3-
3-15
15c
50c
20c
participating, preferred
11.25
3-20
3-15
l
3-20
^
1
4-
10-
1
Prudential Personal Finance,
4-
10-22
>■,
Amalgamated Sugar (quar.)—
3-31
convertible preferred (quar.)———
Plume & Atwood Mfg. (quar.)--.-—*——— :
Pond Creek Pocahontas Co.—
Provincial Paper,
50c
1
15c
(quar.)
3-31
87V2C
4-
""Name of Companyr\.
v'-,
4-1
4-22
7 Vie
•
6Vo
Service
4-22
$1.31 '/4
(quar.)—————
common
3-16
pfd. (quar,)
Greenwich Gas, common——
Co.,
1
4-
of Rec.
50c
>
Per
Holder*
50C
-i—.
Water
Union
Tool
Extra
'-1-
1
$1 V'e
;
Mills
Fashion
Full
4-20
6c
class B_—,—
7%
3-31
4-
(resumed)——!-.—
Oil,
Plomb
4-15
(quar.)
Pumps,
Plainfield
3-20
$iy8
Gtobe Knitting Works
Worsted Co._*__—
Goulds
Pilot
3-24
1
4-15
Goodale
Gordon
3-31
1
4-
preferred (quar,)—-_*!
(A. C.), $3Va
Oil
1
4-
4-15
(Boston)—
Machinery Corp., AVz'/o
Art Co.
G^bert
4-
,
40c
,
,
,
Phillips Packing Co., 5V4% preferred (quar.)
Pictorial Paper Package (irregular)——
_______
preferred (quar.)
(reduced quar.)__
Corp.
Trust
Gibson
3-20
10c
—__
..thare
.
1
5c
(irregular).
General
Gllmore
6-23
50c
Fyr-Fyter Co., class A
;
Philadelphia Transportation, com. (initial) _
Participating preferred (irregular)_T——_
Participating preferred (irregular)
—
3-15
4-
Fisk Rubber Corp.
General
6-30
$1%
Name of Company
3-24
3-31
When
Payable
Per
H older1
Payable
(quar.)__
(Jersey City)
National Bank
First
When
thare
Name o/ Com pan*
Monday, March 22, 1943
:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
Per
Aviation
Beneficial
S2V2
Industrial
Loan,
3-10
3-31
3-15
preferred
(quar.)
Bensonhurst National Bank (Bklyn.)
62VaC
3-31
67c
& Cement—
Limestone
6-30
preferred
i,—
(quar.)
75c
$1%
$1
—-
(Del,), 17c preferred (quar.)
Manufacturing (quar.)
_
Extra
Bird
(irregular)
Birmingham Electric, $7 preferred (quar.)__
$6 preferred (quar,)
—
Fire Insurance (Ala.) (irreg.)_
SIVa
35c
&
Bloch
Brothers
Bohn
Aluminum
Booth
Decker
(F, E.)
Mfg. Co. (quar.) __________
Tobacco, 6% pfd. (quar.)—
$3 preferred
Co.,
&
Albany
Elevated
Boston
Insurance Co,
Boston
Personal
Boston
(quar.)—
Ry.
_.—
Brantford
Cordage
Brazilian
67c
preferred
Brewers
Co.,
Traction
Distillers
&
Extra
(quar.)
____________
(interim)-
Street
67c
(quar.)
57c. preferred
Bruce
(E. L.)
314 7c
77c
Gas,
Buffalo
Insurance
$1%
3-31
35c
3-31
3-17
6%
50c
3-25
3-16
5%
20c
50c
$$114
25c
214 %
1
4- 1
4- 1
4- 1
5%
preferred
3-
6
3-
2
4-6
3-
2
Building Products,
Watch
Burkart
(F.)
Steel
Bush
Terminal
Butler
(P.
Co.
Co.
3-31
3-31
3-20
3-31
$1.25
Mines
(reduced)
preferred
Cambria
Co.
Iron
Canada Bread
57c
Bud
3-20
Colt's
1
3-19
4-15
4-26
3-19
4-15
3-19
$$1
4-
3-15
$$2
4-
•
Industries,
Ltd., .class
A
57c
8%
pfd.
Gold
1st
Power
Corp.
(J.
Carter
W.)
57c
7 7c
17c
Co.
convertible
Commercial
$4.25
common
convertible
Commonwealth
preferred
Central
Electric
&
&
1
3-18
30c
3-31
1
4-
1
1
4-
1
3-15
67o
3-10
Eastern
3-10
1
4-
3-19
4-
4-15
,
3-31
3-15
3-25
3-15
3-25
3-12
4-1
3-19
Ecuadorian Corp.,
Eddy Paper Corp.
Quarterly
Quarterly
$44c
4-10
3-20
4-15
3-31
3-31
■'
3-15
Connecticut Gas & Coke, $3
75c
4-
1
3-15
3-31
3-15
Connecticut
55c
4-
1
3-
3-15
Consolidated
4-
I
3-10
3-15
3-30
3-15
Consolidated Edison of N.
4-1
3-
5
Consolidated
4-
l
3-
5
4-
1
3-
5
5-
1
4-
1
(Bait.)
4-
1
3-
1
4ya%
$$2
4-
1
-12
3-
$94c
3-31
<
■
$2
Film
preferred
Consoldiated
(accum.)
Gas
Telephone,
1
Consolidated Sand
3-24
Consolidated Steel
7%
$50c
'4-
1
$50c
•
4-
'<
1
■
7
3-17
3-10
$1.75
3-31
3-20
Consumers
50c
(quar.)..
Corp.
3-31
3-17
Consumers
Gas
Federal
Light & Traction___.
Federal
Motor
pfd.
$4y2
Paper
$iy8
4-
3-12
$iy4
4-
(quar.)
3-19
3-15
Continental
Assurance
3-20
Continental
Bank
3-31
3-20
Continental Bank & Trust Co.
3-31
1
3-20
1
3,
8
3-19
Quarterly
Continental
(quar.)
(N.
(quar.).
(N. Y.)
87o,
pfd.
$l3/4
4-
1
3-15
Continental Oil of Del.
4-1
3-15
Continental Steel
$2
4-1
3-23
3-31
3-22
5c
4-1
3-21
3-31
3-26
3-15
1
3-15
7%
$1%
4.
1
3-15
3-15
3-15
4-
1
3-15
Corrugated Paper Box, 7%
%-
1
3-12
3-31
3-16
Courier-Post, 77o preferred (accum.)__
Courtaulds, Ltd,, ordinary registered (final)
Amer. deposit rets, for ord. regis
Cooper-Bessemer
4-
1
3-16
4,
1
3_i6
4-15
3-31
.Crown
Cork
Drug
1
3-20
Crown
10c
3-31
3-10
Crown
75c
3-31
3-10
Crucible
57c
3-17
Crum
4-
3-20
Crystal Tissue Co.
3-31
Cuban
$1.19
4-15
$3c
3-29
2-27
Century Electric Co.
12y2c
3-27
3-18
_
1
77c
Forster.
American
preferred
Culver &
pfd. (accum.):
(quar.)
3-15
3-31
3-15
$iy4
6-30
6-15
9-30
9-15
12-20
12-15
4-
1
4-
1
3-31
3-15
35 Q
4-
1
3-20
3-24
3-15
common
3-12
3-15
4-
1
3-20
3-31
3-15
3-25
3-18
75c
3-31
3-20
3-31
$iy2
(quar.)
25c
15c
6%c
;
37y2c
30c
_■___
(quar.)
$1%
(Mt. Vernon, N. Y.)
3-15
3-31
1
4-26
$1.18%
15c
3-15
3-31
4-
$6
(N.
4-19
4-26
'
4-19
3-31
3-20
3-31
3-20
3-31
3-20
4-20
4-
5
1
3-15
4-1
3-20
4-
—
National
Stores
(quar.)
Society (Chicago)-—
4-
1
3-31
$20
4-
1
3-15
$2
4-
1
3-31
62y2c
Y.)
4-
1
3-15
.
Quarterly
$1%
Co.
:
Class B
4-15
Food
Ford
$$8.75
6-
1
5-17
$l3/4
4-
1
3-20
Formica
4-1
2-25
Foster & Kleiser,
3-
Foster
Machinery
Corp.
__.lt
3-20
50c
3-30
3-19
50c
(quar.)
class A
Shoe,
3-31
4-
1
3-22
25c
Stove
Florsheim
3-18
$iy4
$iya
(quar.)
(quar.)
First State Pawners
3-18
4
pfd.
Y.)
(quar.)
First National Bank of Pittsburgh (quar.)__
1
4-7
;_
Rubber___
Bank
1
5%
3-10
1
25C
National
5-
5 7c
4-
15C
Quarterly
(Canada)
class
4-
1
3-22
35c
B
Insulation
Co.
(quar.)
6 7c
preferred A (quar.)
Wheeler Corp., $7 pfd. (quar.)
3-31
3-13
3-27
3-
8
3-27
3-
8
50c
A___
$25c
$25c
Motor
Class
3-13
3-20
65C
10c
;
&
4-
4-
1
3-15
37 y2 c
4-
1
3-15
$1%
Ltd.
Co.,
Corp.
of
8 7c
4-
1
3-15
1
3-20
$7
$7
4-
1
3-15
50c
3-24
3-13
6%
prior preferred
(quar.)
37V2o
4-
1
3-15
$50c
5-15
4-15
67a
prior preferred
(quar.)
37y2c
7-
1
6-15
4-26
4-15
6%
prior
(quar.)
37Vac
10-
1
9-15
4-22
3-31
37y2c
(quar.)
(quar.)
(quar.)
.
25c
4-
4-
1
3rl3
Amer.—
preferred
4-1
4147c pfd. (quar.)...
4%% pfd. (quar.)..
Central Patricia Gold Mines (quar.)
;
Co.
convertible
&
3-15
3
3-31
15c
Stock
50c
Co
Zellerbach
Steel
4-1
J
(quar.)
(quar.)
(N.
First National Bank
First
*3-19
4-
5c
Seal
&
Tire
75c
common
(quar.)__
Cream, of Wheat Corp
Crowel'l-Collier Publishing
4-
$iy8
Corp.,
$3 prior preference
$$2
Power,
$iy8
-
1
J.)
Corp. (s-a)
First National Bank (Hartford)
First
3-29
^
(quar.)___
America, class A (quar.)__
preferred
Bank
Florence
partic. preferred (quar.)
6'/27o preferred (quar.)
_•
(Quar.)..
Illinois Light,
8
3-
1
1
$1
5
3-29
37y2c
Quarterly
3-
4.
4-
—
3-26
4-
...—
(N. Y.)
3-12
3-12*
3-15
1
25c
$1%
common
1
4-1
25c
4-
3-16
4-
4-
$134
____J
common
$l3/4
preferred (quar.)—...
15c
(quar.)
Corp.,
preferred (quar.)
Continental Telephone—
25c
1
First
7%
$iy2
4-
Firestone
$2
4-20
50c
5Vz7o
3-15
$l3/4
60c
....
3-12
(quar.)
(N.
& Co., 6%
Bank
preferred
3-12
20c
(Del.),
4%%
1
Continental Gas &-Elec., 77o pr. pfd. (quar.)
Continental
Motors
Corp...
11-20
25c
!___
Co.__,
preferred
Finance Corp. of
Class B
(quar.)
3-31
1
Co.
(Wm.P Sons,
4-
—
—________
Baking
2nd
Avenue
50c
(quar.).._
Y.)
1
1
25C
*1:
(quar.)
Truck
(Marshall)
20c
.___
....
(Chicago)
Trust
&
$1%
4-10
Filene's
3-12
1
4-
3-17
3-15
1
4-
1
3-27
3-31
$1
4-
4-1
4-
$2c
43%c
50c
$114
,
67c
Fifth
12-
25C
Co._
Water & Gas Corp,___
Fidelity Fund, Inc. (quar.)
Fidelity Trust (Bait.) (quar.)
3-17
8-21
$2>/a
Rubber
Federal
2-27
I
(Syracuse,
(quar.)
3-15
1
5-22
9-
$iy4
1
$$2
4-
preferred
Y.)
3-30
3-15
1'
$iy4
4-
(quar.)
15c
$5
;_
$1.00
(quar.)_________
50c
$iy4
&
75c
;
(quar.)
4-
3-16
6-
25c
(quar.).
preferred
25c
3-16
3-31
$2j/2
(quar.)
Insurance
.
Power
(Toronto)
Power,
preferred
Field
(accum.)
Water
$5
$$4
3-16
4-
4-
3-13
Federal
(accum.)...
4-
4-
3-15
Corp., common (resumed)
$iy»
37V2c
$5
4-15
3-24
3-13
preferred
5-15
3-24
3-13
1
12J/2c
3-24
3
44-
4-
$5
3-15
4-
Candy Shops (quar.)
Metallurgical, $5 pfd. (quar.)_____
Fansteel
4-15
35c
$3V2
5ey4c
12V2c
Fanny Farmer
1
3-15
37'/2c
convertible preferred
4-
5-
3-24
$3
4-
$J.y2
3-31
3-15
4-
Bake Shops
30c
3-15
1
4-
Federal
$iy8
3-31
4-
3c
3-10
.
3-15
60c
50c
35c
3-15
."■'•J.-y.
1
6
$1.25
A
1
(quar.).
3-
37y2c
Faultless
(Boston)—•
pfd.
4-
1
(quar.)
(quar.)________
preferred
4-1
& Gravel—
preferred
preferred
$114
.....
Trust
1
$1.25
Corporation
convertible
N.
3-
$1.25
4-
;
convertible
Consolidated
1
3-26
Co.
^.___
$l3/4
(increased)
Pwr.
.....
3-
3-31
3-
(quar.)_
(quar.)_
$1.12J/2
&
1
$$1.75
5-; 1
preferred
25c
Lgt,
4-
Quarterly
"3-23v
$5
90c
Elec.
(quar.)
common
Consolidated Investment
,
■
Co., $5 preferred
preferred- (quar.)
$I'/2
:
$iy8
5c
Farmers & Traders Life Insurance
$37!4c
15c
Savings
10c
'$iy4
Y., $5 pfd. (quar.)
*
5
Industries—
preferred B (quar.).
preferred C (quar.)_
4%
$15c
(quar.).
common..
12-24
3-31
Oil
(quar.)
12-31
3-31
Consolidated
;
9-25
1
$1.50
(quar.)__
Falstaff Brewing Corp., 67c
pfd. (s-a)___*
Family Loan Society, common (quar.)
6-25
4-
$1.37 y2
Eureka Vacuum Cleaner (irregular)
European & North American Ry. (s-a)
Eversharp, Inc., 5% preferred (quar.)
3-25
$25c
3-19
...
3-31;
6-30
9-30
(quar.)____
Railroad
Ex-Cell-0
3-15
3-10
$5
$$iy2
1
;___
-J
preferred A
Erie
"
3-15
3-25
3-31
Corp
3-14
3-11
5
3-25
3-31
Utilities
(Del.)
Equity Fund, Inc
\
5
3-
4r 1 5
Mfg._
3-10*
3-15
3-
1
(irreg,)__ $$1.27J/3
(quar.)_____
Engineers Public Service $5 pfd.
$5V2 preferred (quar.)
$6 preferred (quar.)
9
$$l»/2
pfd. (quar.)____
Light & Power, common (quar.)
Bakeries
(Canada)
(quar.)
Consolidated Biscuit Co. (irreg.)______^____
Ltd.
3-10*
9
8
1
4-
10c
(Texas) $4,/2 pfd. (quar.)__
common (quar.)_
Drug Co., 87c preferred (quar.)__
Empire District Electric, 6% pfd. (accum.)*
Emporium Capwell, common (quar.)
17c preferred (s-a)
4Va%
preferred
(quar.)_________________
3-15
3-
4-
20c
Natural Gas,
$$1 V2
—__
(quar.)
Emerson
$$l3/2
_______________
—.——
Fund
3-31
$1 V\
$l>/2
______
Electric
---v
3-15
$1%
Paso
-v'-"*
1
3-22
Paso
•■v
4-
$1.25
(quar.)
Battery
Paso Electric
7%
-v
Quarterly
Quarterly
(quar.).
3-19
1
El
(Ontario)—
3-15
3-31
El
Confederation Life Association
1
4-15
3-15
3-31
4-
.
4-
4-20
$T'/4
3-19
$25c
$25c
(quai
50c
1
3-15
3-15
common
25c
4-
4-1
1
$l'/a
5- 1
4C
3-15
1
4-
(quar.)____T_____„
67c preferred (quar.)
(quar.)
3-15
-
__
1
4-
50c
3-18
1
1
4-
25c
3-20
4-
4-
75c
1
25c
$1.06'A
3-15
4-
Storage
3-
1
75C
El
3-
3-16
4-
~
Electric
>?■
3-15
3-15
1
._■
;____
&
3-15
1 '
1
1
4-
3-15
3-15
4-
4-
1
3-20
3-31
9
3-15'
4-
1
3-31
1
3-22
1
l:
4-
4-
(quar.)__j__
Co.
4-
1
3-15
$1.12 J/2
preferred
Co,____
Watch
Auto-Lite
3-31
5-
4-
4-15
4-
Controller
4-15
3-15
4-24
50c
Household
4-15
3-15
1
25c
Electric
$1.63
$5c
3-15
1
4-
75c
3-20
National
50c
1
1
4-
$iy2
common
Trust,
Elastic Stop Nut, 6%
Electric
1
4-
3-10
Elgin
4-
3-31
3-15
3-12
^
2-27
3-13
3-31
75c
:
1
1
3-25
3-31
Electric
50c
44-
3c
4-
43%c
5
3-15
37V2c
4-14
4-
3-
IOC
Ltd., ordinary___
(irregular)
3-19
•
4-
3-15
Investment
3-31
$l3/4
v
V
1
4-15
$iy2
.)
(quar.)
common
5-15
1
1
4-
$iy4
(quar.)
Economic
3-31
4-
$lVa
Common___4,_____.
Stock
Fund
5-15
3-11
4-
Howard
3-16
3-11
4-
&
Balanced
3-12
■
$$2
•
Eaton
1
,.
1
$2
)
(quar.)_:
1
50c
5-
5c
Co.,
1
1
4-
Kodak
preferred
6-
1
$70c
....
6 7a
4-
$ll/a
$50c
r,
Eastman
4-
12l/2c
3-15
3-15
$1%
.
\ vj UlCVi. ,/_
preferred
$25c
4-
$5c
(V
Products,
$5.55
$1.06V4
3-20
4-15
75C
Sugar Associates—
$5 preferred v.t.c. (accum.)__;
3-20
1
4-15
1
$3
(accum.)
convertible
1
4-
4-15
Eastern
3-20
3-31
4-
1
57a
1
5-
3-10
60c
,
Steamship Lines,
Steel
3-19
$$1%
common
$2 convertible preferred
Eastern
3-16*
4-20
1
$$iy4
(quar.)______________
preferred
4-15
4-
3-29
75C
prior preferred
3-31
3-15
5-1
$1%
(s-a) ___"
East Tennessee Light & Power, $6
pfd. (1
Eastern Gas & Fuel AssocIates;—
4Vz7o
3-20
$$1%
(quar.)
preferred
1
3-30
$25c
Test
3-31
4-
Water
Co.,
preferred
V
3-15
50c
-
.
Investment
4-
$$iy4
•-r
Corp.__
Eagle-Picher Lead
3-15
4-
50c
(Del.) (quar.)
Commonwealth Loan Co. (Indianapolis)—
57a
preferred (quar.)
3-15
Power
Duro
4-20
50c
_______
5
5
8-12
$$2
(quar.)
Co.
'—
3-13
5-
75c
4-
(quar.)....
Central Hanover Bank Sc Trust Co.
Central Kansas
4-
75c
(quar.)
58-
1
$40c
■
.V
3-11
$1.06y4
t$2
Central Aguirre Associates...
Loan
1
(quar.)
com.
(quar,)..
(quar.)
Canada
4-
(quar.)....
Trust
5-15
8-16
9-
62>/2c
(quar.)_______
Steel
&
•
(quar.)_.__._
preferred
Investment
$7.50
prior preferred (quar.)
prior preferred
(quar.)
2nd preferred (quar.)
Central
$4.25
Credit
Laundries,
common
Central
67c
Commercial
50c
of America
17a
$10c
Consolidated
(quar.)___—.—_
preferred A (quar.)
6% preferred B (quar)
Case (J. I.)
Co., 7% preferred
Corp.
Duke
3-12
67o
(quar.)
common
Canada
; 3-12
$1
—
3-31
67c
Celanese
3-12
3-27
-
—
Ltd.,
3-31
.
Co.
Driver-Harris
$iy2
3-31
(quar.)
Mills,
Draper
3-27
^
...
(quar.)
$114
Light, $7
(quar.)
& Telegraph
Corp.
3-18
3-21
15c
(quar.)
4-15
(quar.).—
pfd. (quar.)i..
&
General
&
Carthage
Alcohols,
preferred
$25c
(quar.)....'
Carolina Telephone
Carriers
1
$l3/4
Ohio Electric—
4-30
Clinchfield & Ohio Ry.
Carpel
preferred
of
Rockaway RR.
Corp. (quar.)
4-
3-27
:
5%
12-23
3V/sC
•-*
&
3-31
4- 1
—$iy4
Carolina
preferred
,11-15
$1V4
(quar.).__
4-30
(quar.)
(quar.).——.
pfd.
Carolina
$6
8-16
1
$1%'
(irregular)..
(s-a)
$$1%
(quar.)
4%
1
$1.75-
$$114
....
Quartz Mining
Co,
9-
12-
$$1%
(accum.)
(quar.)—..
(quar.)—
preferred
1
$1%
.
—...
Carnation
5-15
6-
15c
(interim)
_
Capital Administration, $3 pfd. A
Capital Transit Co. (irreg.)
;
Carey (Philip) Mfg., common—
67c
preferred (quar.)
Cariboo
Bank
Foundries
$iy4
...
12-23
1
$1%
Glass, Ltd., common (quar.)^
7%
preferred (quar.)
Dominion Tar & Chemical. 5Va%
pfd. (quar.
Dominion Textile Co. (quar.)__
7%
preferred
(quar.)_
Dover
______
1
4*
25c
'
(irregular)
1
10-
$1%
preferred (quar.)_
Dominion
75c
$$114
preferred
Dominion
Dominion
3-15
$iy2
•••
Canadian Wirebound Boxes, class A
6 7c
9-15
3-20
1
$iy4
(irregular)
7-
1
75c
_
(payable in U. S. funds)
Dixie Vortex Co., class A
(quar.)__
Doehler Die Casting
(reduced)__
Dome
Mines, Ltd._,
4-
20c
preferred
(s-a)
(quar.)
4-1
$iy4
(quar.).
preferred (accumulated).....
Canadian Westinghouse, Ltd.
(quar.)
.
Arms
partic. pfd.
Car
10-15
common
common
Foods,
Commercial
r
pfd.
Motor
$iy4
$l3/8
___________
(quar.)——
57c
Ry.—
$$1
17o
Mills
6-16
Co., 5y2% pfd: (quar.)
Canadian Tube & Steel Products Ltd.—
Canfield Oil,
7-15
Commonwealth
$$114
Ltd.
3-17
Commonwealth Water & Light, $6 pfd. (quar.)
$7 preferred (quar'.)-__._
.
(quar.)—
Cos..
3-19
4-15
2-27
(quar.)—.
(quar.)
Canadian Silk Products, class A
Cannon
Fire
participating
Participating
$15c
(quar.)..—.
Oil
4-1
3-15
—_x—.—.U— vV-
Ltd.
(quar.)
preferred
3-19
...—75c
Baking,
$5c
Electric
1
$25c
(quar.)
General
4-
25c
Corp.
1
Corp.-Seagrams, Ltd.,
3-15
Foreign Investment, (interim)—
preferred
T
Distillers
4-
Extra
preferred
Diamond
3-19
4-
•
—_—______
Co.,
3-19
1
$85c
■
preferred (quar.)
common
3-15
1
(quar.)
Ltd.,
1
7-
50C
$1%
(interim).
4-
10-
50C
4-
common
com.
3-20
$1%
4-
(quar.).
(quar.).
v;
1
$1%
25c
$$2
Converters
Canadian
Patent
8%
$1%
Match Co., 6%
Diamond Shoe Corp., 5%
$1214c
-
.....
B
1
(quar.)
3-31
3-16
3-10
4-
$1%
___.
Diamond
30c
preferred (quar.)
6y2% preferred (quar.)
3-31
$15c
preferred
$iy8
6%
3-12
3-12
——...
——
77c
4-
3-15
3-31
....——;
Canadian Cottons
Class
3-15
3-31
(quar,)..—
preferred (quar.).—
Participating
Canadian
3-15
4-
$$l%
Extra
Canadian
3-15
4-
$10c
(quar.)_______
common
17c
87o
4-
,
(quar.)
3-18
(quar.)
International
Columbus
3-20
$30c
$$114
$$3
Canadian Car & Foundry, 7% pfd. (accum.)
Canadian Celanese common (quar.)
67c
3-13
.
4-
$1
--
Co.
Columbus & Southern
$$114
$6214c
,
(quar.)..
Canners,
Canadian
4-15
,3714c
Mortgage (quar.)
Breweries, $3.40 pfd. (quar.).,
,
$1
4 '
77c
(quar.)
(quar.)
(quar.)
3-30
3-25
$iy2
3-20
Co
Plow Co.,
Columbia
$5c
Permanent
Canadian
3-12
1
_
....
Canadian
;
1
3-26
preferred
$1%
...
4-
1
Canadian
Participating
4-
,
3-31
preferred
preferred
50c
,
25c
37 y2 c
____
(quar.)
62y2c
Lamp & Stove
Colgate-Palmolive-Peet, common (quar.)
$4.25 preferred (quar.)
Colonial Ice, $6 preferred B (quar.)-..
$7 preferred (quar.)..
4-
(s-a)_—,
Participating
3-19
•
Ltd., 67o pfd. (quar.)—.
(quar.).....—_
Breweries
(reduced)
60c non-cum. convertible
3-20
1
preferred
77a
57o
Coleman
3114c
Co.,
pref.
3
$1.8083
Telephone—
——
Cockshutt
1
7 7o
3-26
;
Co.
Coca-Cola
3
5
7%
3-20
3-31
Coal
Coca-Cola
4-
4-
3-10
1
$1
3-31
...
Peabody Corp. common
preferred (quar.)..
3-20
4-
'
•
Northern
1st
3-16
1
$114
(quar.)...
Power, common
7(k preferred (quar.) ——
Canada Packers, Ltd. (quar.)
57c
3-26
'''4-
4-15
4-
Hobbing Machine
4- 5
15c
11-15
3-30
(quar.)
Chemical
7%
2
75c
Motor, common (quar.)—
1st preference (quar.).
___________
Canada Iron Foundries 6% non-cum. pfd...
.
Cluett
3-
26%c
57c
Canada
3-15
3-31
4-
1
(quar.).____
Illuminating,
Graphite Bronze,
57c preferred (quar.
4- 1
4
Canada Cycle &
Canada
Yards
Cleveland
Clorox
4-
12-
Corp. (resumed).25c
Clinton Water Works, 77o preferred (quar.)
$1%
3-25
55c
75c
20c
3-29
50c
(quar.)
$1
...
Electric
Cleveland
2414c
Common
30c
—
Molybdenum
3-13
'
5
common
75c
(quar.)__..,
preferred
3-23
(accum.)__
preferred
3-13
1
3-
Extra
1
...
preferred
Canada
$4.50
Climax
50c
preferred-...—
(quar.).:
!
$15c
-•
due Aug. 1, 1942 and interest thereon.
Calgary & Edmonton Corp. (interim)
67o
Quarterly
6
—
preferred (initial quar.).
Co., 7% preferred (accum.).
Representing the quarterly dividend of $1.75
&
4-
•
3-31
..
City Auto Stamping Co. (quar,)_____.„__
City Ice & Fuel Co.; common..
City National Bank & Trust Co. (Chicago) —
4-
$5c
$3
pfd.
3-20
1
8-16
(Washington, Pa.)—
preferred
4-
$1%
(A. M.)
California Water
4-
1214c
„
convertible
o'v
Byers
Water
Clinchfield
(quar.)
6%
7%
3-20
Co.—
H.)
3-20
25c
8714c
-
1
$l'/4
Clearing Machine Corp.
_
1%
Citizens
Cleveland
—
5-15
9-
$iy2
3-19
—$134
1
75c
Supply,
.L
quar.)
(irregular)
(quar.)____
$2
—-i-y-— -y
3-15
4-
6-
(quar.)
Light, $5 pfd. (quar.)
1
V
75c
Common
...
(quar.)
(quar.)
4- 1
50c
(reduced)
Bldgs.,
preferred
preferred
3-15
(quar.)—.
Terminal
$6
3-31
Mfg., $2.20 preferred——
Bush
Cities Service Power &
3-
$114
Dentist's
5
(increased
Long Hook & Eye
85c.
1
—
8"
3-
: i
Stock
1
(accum.).
3-
.....
Union
4-
9
1
3-31
1
.
Texas Pacific
&
(quar.)...
4-
•'/
$2.75 convertible preferred......
Burlington
3-19
Co.,
conv.
Quarterly
3-31
1
4-
Cincinnati & Suburban Bell Telephone—
4-10
_____
Burlington Mills, $214
3-20
4-
Orleans
75c
15c
—
______
Bullard Company
Bulova
1
4-15
$$114
(quar.)—
Inc.
4-
Deisel-Wemmer-Gilbert
$3c
preferred (quar.);
preferred (quar.)
Cincinnati
3-15
De
25c
Cincinnati
5
6
8*
Quarterly
3-27
4-
3-15
3-
(quar.).____
3-16
(quar.)—j
...
Gold
Co.
Co.
Christiana Securities, 77c preferred
Cincinnati Gas & Electric, 5% pfd.
Bucyrus-Erie Co., common (irregular).——
17c preferred (quar.)—...—...—.,
Ankerite
Oil
4-20
New
3-15
3-22
$iy4
(quar,)..
4d
____________
(quar.)—
&
Cotton
4-
(quar.)
Buffalo
preferred
3-16
3-15
Records
3-15
1
3-15
62V2c
-
5-20
3-15
(quar.)
4-
1
'•
.
3-31
4-
Decca
(s-a)
1
v
25c
.
preferred
common
1
Quarterly
4-20
5-20
•
Michigan RR.
4-
(inter.)
(quar,)..
(quar.)..
Chicago Title & Trust
3-15
1
&
3-20
3-31
4-
preferred
21c
75c
(quar.)———_
preferred
convertible
prior
$50c
pfd.
$6
Brunswick-Balke-Collender
$5
4-
87o
25c
convertible
(quar.)
& Co., common
preferred
3-20
1
Dayton
3-20
1
3-31
$1
(accum.)...-
(quar.)—
(quar.)_
Distillers,
preferred
4-
$50c
—-
common
(quar.)
(quar.)
common
Brown-Forman
$3
12-15
3-17
1
4-
87 '/2c
(quar.)___
4-
$1
A
25C
$1%
Frere, Ltd., class
$25c
$15c
&
4-
Chicago Mill & Lumber (irregular)
Chicago Pneumatic Tool, common,....
Gas—
&
_____
preferred
Durell,
3-31
—
Power
Investing (reduced)
partic.
Brown
.4-15'
3-13
preferred
3-15
3-13
$1
......
$7
——
Elec.
Brooklyn Borough
$2j/2
—_
British Columbia Power, Ltd. class A
Broad
3-31
57c
1
Extra
3-15
12-15
4-
3-25
8
3-22
75c
(quar.).
$10c
——
preferred
3-23
——
———
67c
3-31
4- 1
4-15
$$1V2
—
—
(final)
1
Chickasha
common—.
Columbia
3-20
1
$$iy4
(quar.)__
common
3-
45c
(quar.)
Chicago Flexible Shaft
Chicago Great Western Ry.—-
3-31
$32Vic
-
—
preferred (quar.j^
—-————
Bridgeport Gas Light (reduced)
Briggs Mfg. Co. (quar.)
—
'
Brillo Mfg. Co., common—
,___
$2
participating preferred A (quar.)——
British American Assurance (reduced)- (s-a)
British American Oil Co. (quar.)—__._i.__:
British American Tobacco, 57a preferred—
Common
1
Extra
4
$10c
S'/si
British
4-
4-
30c
—
Brass
Chicago Daily News, 5% preferred
Chicago Dock & Canal (quar.).^
3-10
4-
3-31
25c
3-18
3-
1
pfd.
50c
1
$iy4
i
....
4-
5c
i
4-10
75c
—
(quar.)
Extra
1
$$l
Manufacturing
Chestervilie Larder Lake Gold Mines
1
$iy2
50c
3-15
Power—
(Vancouver)
—
Bridgeport
&
David
3-15
$20c
_
pfd.
$1.30
Light
3-15
Chesebrough Mfg. Co. (Consolidated)
1
—
:———
-
9-20
4-
2-25
4-20
___—
(quar.)—
Extra
9-30
3-15
16c
(quar.)——
(E.
Bralorne Mines, Ltd.
37'/2c
Chemical Bank & Trust Co. (N. Y.) (quar.).
Chesapeake-Camp Corp., 5% pfd. (quar,)..
Chesapeake & Ohio Ry., common (quar.).
47c non-cumulative preferred A (quar.)..
3-31
$114
$4
—
(quar,)„„—
Storage Warehouse (quar.)
J.) & Sons (quar.j—
Brach
$20.26
40c
$2
•
——-
Property Trust
(quar.)
pfd. (quar.)..
Davega Stores, 5% conv.
Davenport Hosiery Mills,
7 7o preferred (quar.)
4-
75c
(accum.)—
(accum.
RR._.
Boston
6-19
4-
3iy4c
3-10
3-20
(quar.).
of Reo
750
.)
1
3-16
Executor
Holdert
Payable
)
3-10
4-
1
4-
1
pfd.
J
6-30
4- 1
4-20
50c
Brass—.
&
Booth Fisheries, $6 2nd pfd.
Borg-Warner Corp
Boston
40c
$lJ/a
1
4-
prior
3-31
Chefford
When
lhart
3-10
$4
37y2c
Chartered Trust
3-15
1
Publishing,
37y2c
3-21
3-16
4-
Curtis
3-10
$iya
__
3-20
&
1
$iya
...
Per
Name of Company
of Rec.
4-
62y2c
Champion Paper & Fibre, 67c
Chapman Valve Mfg. (quar.)
Master
Hoiaert
$1%
—
1041
pfd. (quar.)
(quar.)..
3-21
3-29
4- 1/
4- 1
3-31
3-31
3-31
10c
$1%
'
Birmingham
Black
2-26
Payable
(quar.)
conv.
convertible preferred
$iya convertible preferred
3-20
4- 1
4- 1 '<
4- 1 1
$14-1
—
Son
&
preferred (quar.
Products, $1V2
$iy2
Bethlehem Steel
Bibb
5In
Chain Store
,
When
thare
Maine
Power, 7% pfd.
6%
preferred (quar.)
$6 preferred
(quar.)—*
3-31
6-30
(quar.)
Quarterly
Bessemer
Central
3-15
$1
:
3-31
SI
prior
Per
Name of Company
of Reo.
3-31
30c
(irreg.)
com,
Payable
75c
(irregular)
Corp.
I
Holdert
thare
Name of Company
Bendix
When
Sugar,
Co.
of
Canada
Brewing
$iy4
3-31
3-17*
$2
3-31
3-18
Fuller Brush,
3-31
3-20
Gair
$1%
3-31
3-15
5xk7o
pfd.
3-31
3-15
Garfinckle
8-16
7-22
(quar.)_
_____
(s-a)
(quar.)
(quar.)
1
5 7c
(Geo.
A.),
(Robert)
4%
conv.
pfd.
$35c
25c
Galveston-Houston Co.
$1%
/ 10c
(quar.)
(quar.)
(quar.)
preferred
(Peter)
Fuller
(accum.)
20c
preferred
Port Clinton. RR.
Foundation
Fox
(quar.)
preferred
(quar.)
17c
preferred (quar.)
Co., 6% preferred (quar.)
(Julius), common (quar.)
convertible preferred (quar.)
4-
1
$1
4-
1
3-22
$1%
4-
1
3-22
30c
4-
1
3-17
20c
4-
3-15
1
3-15
17V2c-
3-31
3-15
37%c
3-31
3-15
Gannett
Power,
Gatineau
common
Gemmer
Mfg. Co:, class
74
Ideal
General
Baking
Co.,
preferred
«*
—
*•
•* ^
Investors,
American
General
$8
*+
*»«—
—
pfd.
$6
(quar.)
Box
General
General
Capital Corp. (irregular)
Electric Co. (quat)
General
Pireproofing
(quar.)
'
,
Ordinary
35c
'
common—.
25c
General
4k%
5k
Inc.,
-}
(quar.)————
preferred
$2.50
Rubber,
&
Tire
-
common
(quar.),
■,
Safety Razor. $5 pfd. (quar.)—1 '
Co. (Phlla.) (quar.)
—1
Machine
Glidden Co., 4k k
Co.. 4k%
Glidden
:
preferred
International
International
■
Salt
preferred (quar.)
Goodyear Tire & Rubber
Common (quar.)
$5
Co.
Silver
Interstate
(Canada)—
preferred
5k
Grant
'
5k
(quar.)
Great American Insurance
62kc
35c
(quar.)—
$5
(quar.)
Electric
; $$3%Vy'
6'.;. 1st pfd. (quar,) — V;, $75c
(quar.r_—1-—-i——; v
?75c
Great Western Sugar, common--—,
—
50c
7k preferred (quar.)_„—,
$1%
Green Co., 6%
preferred (quar.)—$lk
M
74
preferred
Jewel
2nd
(B.) Wire Co. (quar.)
Greenwich Water System, 6% pfd,
Greyhound Corp.,
5kk preferred
Gruen
Watch
5 k
(quar.)—————-—
(Montreal) r-
,,
Y; (quar.t—,
Invest. Trust (Hart¬
Guaranty: Trust Co.'fN.
Bank
Shares
preferred
$1.50
(accum.i
cum.
fi 25c v-t
1
ISIk
1
Xlk4
,
'4-
1.
(quar.)
.
•
Margay
3-15
1
3-10
4-
J
/3-10/
3-10
V4--1 v
M r-c'it
1
3-20
50c
4-
6
3-
5
3-
5
3-
5:
4-
1/,:
-
4... ! -•
1
.4-1
Light, $6 pfd, (quar.)
SV.%
4- 1
v
ixvl
5 4 pfd. (quar.)_,__
4-1'
$v/i
$6 preferred (quar.)
4- 1
$ik
74 preferred (quar.i
:
) :
4- 1
Kansas-Nehraska Natural Gas, com., (quar,).
•,V; 10cV
4-1
sik
$6 preferred
(quar.-)___^___^.__j,:—V
$1 k
"Vi
Kata Drug Co,, $4,50 preferred (quar.i_r,__^v;:
Bower,
55c
4- 1
50c.
4-1
Trust"
Ltd.
A.)
preferred, (quar.)
Kay nee Co., -7 4
-
?
<
;
4-
;
Rail
Guardian
(irregular)——
preferred
Investment
Shares
60c
75c
25c
4-
Mercantile
Vx
pfd. A
3-15*
3-19
.
/ 3-24
Insurance
Fire
Y.I
(N.
Refractories
Harbison-Walker
.
National
1
4-1
.
5%
Kerlyn Oil
4-
30c
quar.)——
5 4
Chemical
(Walter
Extra
1%
E.),
preferred
(Geo.
Helme
(quar.)-
W.)
Co.,
5c
4334c
y'/.
———
common
$1
—.—
$134.
-
Klein. (D. Erail)
'4'-"
$2Vz
44
Lambert
Lamson
&
Landed
Banking
1
Landis
(Canada)
Hinde & Dausch Paper
Hinde
5c/o
Dauch
&
preferred
Paper Co.,
25c
$1'4
common—-
Co.
iquar.)
5Qc
15c
$1V2
Hollinger Consolidated Gold Mines inxonthlv)
Holmes
(D. H.)
Ltd.
(quar.)——
Honey
(quar.)
Corp,
(special)
Oil
Honolulu
Electrochemical,
Hooker
5%
Finance
preferred
Houston
Houston
Houston
Light
Natural
O'l &
Hummel-Ross
Fibre,
common
Ltd.,
Hunt's
Class
&
B
(quar.)—
class A (interim)
—
(interim)
Erie
Langleys, Ltd., 74
7 4
conv. preferred
convertible
74
convertible
La
preferred
preferred
Plant-Choate
$1
Mfg.,
convertible
1
Leath
Lohigh Portland
1
4-
1
Co.
&
.4
Lehigh
Lerner
4-
1
4-15
4-1
JHussmann-Ligonier,
5^ 4
preferred
(quar.)
5
;4-
1
1
•
6-11
|50c
150c
12-
3-31
4-
3
Corp.,
preferred
1
3-22
34-
2
*
$lk
20c
1
Lexington Telephone Co., 5,24 pfd. (quar.)
Liberty Loan. Corp., cljiss A iquar.)—
Class
B
•
preferred
Locomotive
Quarterly
Quarterly
87 kc
iquar.)_,_____
;
74
pfd.
(quar.i
Insurance
-
4-
1
1
4-
1.
Link
Belt
4-15
Lion
Oil
Lipe-Rollaway Corp.., class A, (quar.)
$1 convertible preferred (quar.')_-
644- preferred
Refining
(quar.)—
__i
.
(quar.).—
preferred
4-
:
1
.
;*
■/■?.-;
-.; 3-15;.
3-
1
8
5-10
5-10
preferred
preferred
6k
class
Moore
Utilities,
$2
common
(quar.)
A
Cprp,,
common
Industrial
-
3-15
3-31 /
Motor
3-31
3-19
Mueller
Brass
Murphy
(G. C.)
Finance
1
3-15
4-
1
3-15
4-
1
3-10
Slk
4-
1
3-10
$134
4-
1
3-10
$1
fi-
1
9-
1
:_
8-26
12-
1
11-25
'
3-15
1
f$3
Society ,(quar.)
.
SI
-
-
$1
5-i6
'
(quar.).—___ 1_
$lk
Co., 4:l4k. pfd. (quar,)—_
$1.18k
preferred
Co.—!
3-15'
4-
••'#
■
(quar.i—
:
$5
3-15
'
455 "aC
Bank (quar.)
(Philip)—See Philip Morris.
4-1'
1
4-15
siy
.
4-15
44-
50c
—___________
Quarterly
Morris
3-15
$lk
;•
5-10
1
'
(quar.t—
(payable in U. S. funds)
pfd. B (quar.) (payable in U. S. funds)
Plan
1
4-
$1V4
tquar.)
(quar.)_—
6-
10c
common—
pfd. A (quar.)
Morris
-
4-
4-15
4-1
1
> 25c
"3-19
3-19
6-
12 kc
1
3-18
6-1
4-24
4-
3-18
;■
$2.25
7-26
25c
1,
$2.25
$4.50 pfd. A
Co.,
Montreal City & Dime Savings
10-25
51k
(quar.)
1
-
(s-a)_
1
1
3-15
.
preferred B (s-a)_—___j.___.___
$4 preferred C (s-a >
,.■
—,—
7k
1
common
$4.50
7k
8-
$1
•
$7
3-20
11-
l
4
$1.50
Monongahela Valley Water, 7k pfd. (quar.) / •
$13'4
Monongahela West Penn Public Service—
433ic
7k .preferred: (quar.)___—4.
Monroe Chemical Co., $3.50 preferred (quar.) >■'. 87kc
5k
3-20
30 c
Ltd.
Containers,
Montgomery .Ward
3-20
30c
44-
-
3-22
3-12
"5-
1
■;
:
$1
4-15
3-12
30c
4-
sik
3-20
3-15
1
,
3-15
3-20*
4-1
3-26
50c
(Ind.) '"(quar.),
1
4-
•
$lk
—
Works
>
Co..
•
4-
1
1
4-1
'
—
3-31
4-15
7 kc '
7 kc
(quar.i
.Liggett & Myers Tobacco,
„
$ 1-.30
,
44-
Slk
Electric Service Co
Montana-Dakota
3-13
5-
Slk
Slk
.
3-20
4-20
3-27
•
3-15
4-
3-20:
2
4-15
3-15
1
V
3-20?
4-1
.
slk /
4-1
6-14-
$2
(quar.)
4-15
3-31
7-
.
Sl34-
(quar.)
&
4-1
Slk
(quar.) ——y—-V——„——
Monsauto Chemical
3-13
50c
_______
iquar.)
4-
1
4-14
1
"
Lincoln Natl Life
1
(irreg.)
:
•4-
«",--$l
.
4-
6-
V 5-1
•
Company
liima
3-31
4-
37 kc
units
(quar.)_
4-1
-
LeRoi
3-31
1
62 k C
-
(quar4__
$1
common
3-15
1
:
(quar.)
common
pa.rtic.
Light,.7k__pfd.
(quar.)
__________u 1$ 1.371/2
12kc
Molybdenum Corp. .of Amer.
——
+2c
Moneta
Porcupine Mines (qi'ar.)
3-20
4-15
$5
..
Gas
50c
J30c
5Vak
3
15c V
V
,:
.
preferred B' (quar. 1
Modern
3
25c
——
6k
Missouri
9- 3
9-11
12-11
(quar.)___—
(increased i__yi__y„„/_liy,;,;/ 10c
50c
Light,
Gas,
Power &
Common
3-31
6-
50c
.
.,
3-31
150c
(accum. i_
(quar.)
4-15
4-15
5c
?
,
$6 preferred
(quar.) ———j——
Mississippi Power, $6 preferred (quar,)__i_
'/■
$7 preferred
(quar.)—
————————
Mississippi River Power; 6k pfd. iquar.) —
Mississippi Valley Public Service Co.—
■
3-10
50c
preferred
—
■
preferred
"
3-10
4-
(accum.)_______
Wilkes-Ba-rre Coal
3-26
683,lc
6-
i30c.-;
.
(quar.)
(quar.)_____
preferred
Cement,
3-31
Jsi'
5
6-15
.-'■6k
6
11-
5-15
117 kc-:
(accum.)
common
preferred
$2.50
Stores
4 4 4
4-15
30c
|50c
Minneapolis
5
8-
11-15
SlkV
pfd. (quar.)_—
4 preferred
(quar.)___
3-31
7^'^c
.
5-
8-16
25c
44
3-25
+50c
Mortgage (quar.)—
1ST
25c
(quar.)_„__v_____j._—■.
Company
Minnesota
•
Sl'a
preferred
:
cumulative
non
(quar.K,
6c
1
374>c
3-15'
•
r________
37'2c
1
(irregular)
1
;
'
20c
Refining
3-20
.4-
$2
4
& Sons
1
(quar.),__—$2
preferred
Midvale
4
(J. A.)
4-
■
60c
Refineries, Inc.—___— /
Products Co., common
Steel
Midwest Tool & Mfg.
3-17
1
9-
$34
(quar.)—r__
4-1
4-
Class B
Materials—
preferred
3-15?
12-
4-
871ic
Mfg.
Humble
Huron
Gas.
Field
Oil
4 V
3-12
1
-9-15
!
Langendorf United Bakeries, class A
3-25
$1«;4
——
(monthly)
74preferred
Power
1
4-
12-15
4-
si
4-
$lk
4-
621/aC
(quar.)_
3-20
f: $lk
Extra
4- 1
4- 1
4- 1
8k
1.
V
Lang
25c
.
4-
(quar.)
25c
—
common
(quar.)—;
&
convertible
$1.50
Hoskins
64
Corp.,
Midland
(quar.)___.
$Hb
—
pfd, (quar.)
(quar.)
class A
Houdaille-Hershey,
Household
64
Mid-West
preferred
preferred
150c
Ltd.
Dew,
1
3-13
4-17
(quar.)___
45c
$1.05
(irregular).
Holophane Co., common
$2.10
preferred (s-a)
4-
1
preferred
7 4
4-30
|25c
(quar.)
Furnace
Holland
3-26
4-
.
7 4
-
Slk
$134
.
^
(quar.i
7 4
4-1
15c
3-19
5-1
.
-
25c
______
1
3-15
1
37 kc V
__________
4-
3-20
1
62 kC
(quar.)
common
■
preferred
6k
1
Ont.)
(quar.i
15c
(quar.)—"
Machine,
3r?0
15c
:
.
Iquar.)_.
(Hamilton,
(quar.)
3-25
:
Loan
Common
4- 1
(monthly)
•
.
si
(irreg. )_—_v_
$2.50 preferred
&
(quar.i;_;__.
(quar.i—_____
Co.___
Copper
4-
$1k
(quar.)
(quar.)
Clay Products
Sessions,
Miami
4-1
.4-1
4- 1
IV™/' V 62kc.: -,//.4,-, 1,
preferred
7 k
Edison, $5 pfd.
,.
4-
$lk
.
pfd.
J.
$3 ;.'?7rr 8
(s?a)._wv"
Telephone—
V;.;1,
tquar,.)Slk
Michigan Public Service Co., 7k pfd, (quar.)
$1%
6k
preferred
(quar.)_—
.ii—
$lk
6k series of 1940 preferred (quar.i.
SlVa
.1
$6 junior preferred (quar.i_—
$lk
Mickelberry's.
Food
products,
$2.40 ; pfd. : V :
;
1
3-20
:
(Chicago)
Co
Thermit,
&
.
Bank
common___I____'__^__l_____j.
:" »25c'
preferred (qnar.)i____5i_ii/ylV,-t-y-r.vy. 51k ;
preferred (quar.i$1.31 k
4r
'
$lk
(quar.) V-
Common
Corp.—25c
—
51k
,.
1
Co.—'50c
Bartlett
64
N.
pfd.
3-31,
3-31
Motors
&
v-
$1
3-31
Powder
Spencer
1
.
Michigan Associated
3-20
4-
i
:
.
(quar.)_L___L-_-r-__«--_i----i-
,Co.:
4-.
62 kc
;■
(quar.)—T—__
;
4 :
3-15
;■
,
of Calif.-
Corp.
$6 preferred (quar.ii—_ '
■:''' .V
$7' preferred (quar.)i/__
$6 prior preferred
iquar. 1 _________
y. $7 prior preferred
(quar.)____;__i__:__
Meyer-Blanke, 7k preferred (quar.i—
V
3-15-
.
1
67 kc
___
4-1
4-
.
3-15
-
5-4
4-
'(quar.ji—
RR. -of
4-
iquar.)
—
preferred
Telephone,
Lackawanna
Laclede Christy
4- 1
4-1
3-26
Hercules
Monthlv
preferred
Kroger Grocery & Baking 6 4
7 4 2nd preferred (quar.)
'4-1
v'
:|:2c
25c;v
■■VV.; 75c
y; //'• 50c
Co..
V Metropolitan
3-12
3-25
30c
:.
-
25c
(quar.)
-
1st-preferred
LaCrosse
;
Metal
.
3-12
4-' 1
4-1
; ■/'
62k»c:
Y.)>':
i)V;,:3-3()'
Transportation'.___50c V 3-31
Miners
Machine
Mesta
3-15
3-10
'
V 4-' 1
;
75c
V2 k
Skk
2-26'
4- .1
87 kc
(s-a)
Kresge Department Stores-7-.
4-1
Heresies
Hibbard,
64
Co.,
62 kc
'
—
_________
____u__
Mining
$2.7.0
preferred,
Koppers
(accum.)
(accum.)
(quar.)
Knapp-Monarch,
4- 1
10c
(quar.)_^,w„__
(auar.)—q.:
preferred
79'c
common
—,«■
-
70C f
,8k.C
(accum.i—
Corp.4
Kirkiand Lake Gold
4- 1
•„
—,
series-D
series C
preferred series B
King Seeley
,
25c
Hartford-Connecticut Trust (quar.)
75c
Hartford Fire Imuvance
(quar.)—50c
Hatfield-Campbell Creek Coal—•
5.
5 9c
prior preferred (quar.)
15c
5% non-cum. partic'pating preferred
1
$1V4
Haverty Furniture, $1V2 preferred (quar.) —.
37'Vc
Hawaiian Agricultural Co. (irregular)———
30c
Hazel-Atlas Glass Co.
(quar.'i.
•,
$1.25
Heath
(D. C.>,
74;
preferred (quar.)—
$134
Helena Rubenstein, class A
(qunr.l_
25c
Heller
preferred
7 4
preferred
Harshaw
(quarj^^^^Xkv-':/;
class A
Co.,
6 4- preferred
•
(;>-
(quar.)_
&
4
,
Co.,
Corp.,
pfd.
$2,80
Merck
2-26
Kimberly-Clark Corp., common (quar,)_4-iV ;; v V25c K 4- 1
6 4
$ 1V2.
4-1
preferred (quar,)______4_,__
Kings County Lighting—
'
,'y.
Service,
V
M
"
iquar.)_____—
(quar.i____._i__
Bank fN,
&
Merchants
3-20;
4-. 1
4- 1
3-31
Public
■
iquairyyVi^l.;;;
;•
Co.
Merchants
3-20
;
"
preferred
Harnischfeger
-
3-31
;
Keystone
(quar.)—$1.50
4-20
common—.
15c
3-25
(quar.)——H -'$114
3-25
5% 2nd preferred (quar.i_:
—SlVr
3-25
Harris Trust.& Savings Bank (Chicago) —
Quarterly::
—I——1—,—4-'"' :':..'v-:;,;;$3 •:'/ 4- 1
Harrisburg Gas, 7/1 preferred (quar.)
$l;t4
4-15
Harrisburg Steel
30c
,
3-26
6%
"
3-31
4-1
$lVa
Hamilton United Theatres, 7"f
Hanover
25c
4-.1
:
IV——~~',
(quar;(V___^_wV- ./
class B
Dredging
3-20
4- 1
V. 3-31'
25c
150c
I$1V4
Cotton,
convertible
$2
37YaC
.
' /
commonw^-^y—_'■/'
Mines
Cj,
3-15)
>
3-31
u_i———I
Copper;
iquar.)
Works,
preferred (quar.)______i___jr_y__r—_ /■ V 25c
6-5
5 k preferred (quar.)___l———v
25<? V. 9- 5
K'.i 5k preferred (quar.)—30c V : 6- 5
/ 6k preferred (quar.)--__-__i_.___,__:
'? : 30c
9- 5
Mercantile National Bank :•.(Chicagoi^^•^;':'»iA*.#l^.i^^••:3'4i:.
3-15
'
4-1
$lVa
(quar.)—
Ltd,, common—:
preferred iquar.)
—
pfd. (accum.i
Hammermill Paper, 4Va',(
pfd. (quar.)——
Hamilton
26C
.
5k
3-15
1
37 VaC V-
,
r
& Co.
Acceptance
/Merchants
i—„_____jul-
B
Class
Kennecott
(Arthur
McWilliams
3-15,
1
$1 k
.
Alkali
"Mead Johnson &
>
___
43^4C
|10c
preferred (quar.)—-—-—-
Hackensack Water Co.,
4- 1,
3-31
4- 1
,
convertible preferred
(quar.)
Kelley Island Lime & Transportation (quar.)
Kelsey-Hayes Wheel, $14 class A (quar.)—
Trust
series I pfd. (irreg.)
Guilford Realty (Bait.), 6% pfd. (accum.)—
Gulf Oil Corp. (quar.)
—
^—
(Hartford), non-cum.
Gulf .Power, $6
74
■
V
/McQuay-Norris Mfg.'
•
(Hartford),
i
__Y
preferred
Porcupine
Mclntyre
/•iMcKee
3-15
1.-
$1.75;,:.:' 4-
_
Keith-Albee-Orpheum- Corp.—
-
50c
(quar.)—.
(quar.)__l_:
Corp.
3-15
...
(C.
v
'•. 3-13
.
4-1
(quar.)
preferred iquar,,)___.
(reduced, quar.)
com.
preferred (quar.)
McCrory Stores Corp.
1 quar.
McGraw-Hill Publishing
;;
3-19
.
-
7k
''3-19..
f,
pfd.
tquar.)
/(irregular 1
Oil
Mathieson
••
4-
$5
Tel.,
(Marshall)
6k.
Marven's
3-17
.W.
iquar.)
(N.Y.i
Pield & Co.—
See Field
4-17
V
Ac
preferred
7k
Marshall
3-24
Kansas Gas & Electrie,
4-15
4- 1
/
..
(quar.)
_____________
Co.
7k
Co.,
Tel
Marlin-Rockwell
3-10
Kansas City Power &
Kansas Electric
Power
Water
./•;
4-
$1.25
-
Reserve
Marion
20c
common
(quar.)
com.
iquar.)
Marion
3-15
3-15
".-5- I
Corp.
Trust
Maritime
$ ik
Corp.,
Oil
Marine-Midland
j
3-31
$1.06 k
(quar.i_-—V
Class A.
3-15N
3-31
j
■v-"':' 50c v.
4'
•
(quar.).
Marathon
4- -1
.
$lk '4
Shoe__
(NYi
Mapes Consol. Mfg. (quar.)
Paper Mills, 6 k pfd.
3-15"-
3-15 /
3-31:
4"
25c
:
•
3-20"
3-12
•
-
$ik
(quar.i—•
3-20- '
-
preferred
Co.
preferred
convertible
4y 1V
■
50c '.-4
H
L2-24
(quar.)
Trust
$2
-
xiVi'i,
XI k
81.62 k
.
(quav.)___^.
(B.(, 7k
3-13
•
$1.62k
$1.62 k
_____
lquar.)____—_•
Manufactures
3-15.
;
:
Co,
Manischewitz.
3-15'
4-
;
117c -4:
(quar. I __________
& Sons—
'
$ 1.62 k
Corp.___-.____,______if_I_f/
Magor Car
; 4-15
"4-
175c
^
H.)
(R.
Slk
27 kc
non-cum, conv.
Magnin (I.) & Co,, 6k' preferred iquar,::
6% preferred (quar,)_^4_i__f^»f_-_y.____4..,
i; 6% preferred (quar.)____________________ ,;
8
3-10
3-15.
4-.
Kaufman
——
Investment
Utilities
Public
(quar.)_ul.
common
& Laughlin- Steel
3-
-
1"
:
(irvegular)______-—4
preferred (quar.)-—
Stephens & Shinkle
5%
1
1
.
37kc
series I preferred (s-at
_
/
Guardian Investment Trust (Hartford)— V.'
ford, Conn.),
Guardian
4--
'4-
31 kc
(quar.)
preferred
preferred
7k ,2nd
Macy
"4-
'15c
37kc
common_v____
Iquar.)
5kk
:
25c
(Ky.t
Elec.
&
(George)
1st
7k
5-10
8-10?
—
$4
$3
.,
:
-
Mabbett
11-10
12-1
Gas
preferred
//:.( 6 k k
4-14
9V1
;
■!>
$1.25
cum. elass B (quar.i_______j.___
Joplin Water Works, .64 preferred (quaM-i.'-f, V $1 Va :'H 4-15
v;
25c I; -V4-', 1
Nahn's (E.) -Sons Co., common...
>*' $ik ; 4-1
'■'■■:V>,:7 4 ; preferred (quar.)
31 Vie
4- i
.//•/"/
$$lk, ; 4-15
———————
———
-
;.:4 5 4
15c
(increased)
common
Quarterly),
Guardian
■
25c
Guarantee Co. of North America
Extra
Jones
(quar.»_:————>.--4^'"".13%c
Co.,
preferred
74
75c
(accum.)
3-15
3-17;
'
(quar.)———_ '
preferred
4k 4
Tea Co.,
5'i
3-17
4-15
37kc
/.iquarvkaiVi.
B
Ludlow Valve,Mfg.
3-15*
1
1
•
25c
i
(quar.)-,— — ---''
Johnson,
II5c
common; (quar.)-—
4-
1
25c
V
.
(qua?.)—
Johns-Manville,
preferred
(interim)
-
($25 par)
($100 pari_V_2___/
pfd.
Lunkenheimer Co., 6k k preferred (quar.)_
"» 6Vb'p
preferred (quar.)_____4___„______
6Vak
preferred (quar.)
3-10
--
,
common
preferred
preferred
5'i
3-31
1
"4-
30c
_______
Co.
5-20 - i.'V
<quar.'ku__t-f__'w^k___-_VfVVy_V_'
A
Class
3-19
4-
0 4-
44 30c
_'.T
(iVater Supply, common
5-20
8-20
iquar.)
—_—^___
Gas & Elec. (Del.)—V -:•/„•
;
Louisville
3-1-
■
.'-1
-
Class
,
-
;
—
preferred
I'
I
45c
—_—_
common
(P.)
-,7k•:;preferred
4-■if
3-30
4-
$lk'
common—v
Ltd.—
Service,
West Saddlery,
Greening
'3-31
Jersey Central Power & Light— V..;
4;.
•V ' $ I
•
5(44 preferred (quar.)_v4_i!2_iv4-44r44-- -'
;-'--$lk'vv.
4A6 'In preferred Iquar.) ______
Quarterly)
Great
.,'i6k
4-
.
50c
■
—
Jefferson
J$l%
7% preferred (quar.)—
Assurance:(Manitoba)—
Great West Life
54
54
Jamaica
25c
$lk
Great Lakes Power.
'.'4
|$l3/4
preferred A (quar.)
—
preferred B (quar.)—_r—__________
preference C (quar.)
preference D 1 quar.t
7 4
35c
;
__________
$6 pfd.
Investors,
American
Great
' 74
-
of
Public
Jamaica
v
prior
America
Co.
Foundation,
convertible-preferred
64
;V::
5%
50c
SI (4
:
Investment
;:£>2c
preferred (s-a>_—
(W. T.) Co., common (quar.)— — /
preferred (quar.)—,1-——/
Mills.
Gosnold
.' V5< IV
$lk
(quar. 1 ■1 a——____________
Investment
/
3-22
• "5-1- '
8kc
(quar.)Vi''
Irving Air Chute (quar.i___
Irving Trust Co. (N, Y.) (quar.)
.
Participating
3-20
'
(quar.)
Common
-
Fisheries
Pew
pfd.
-
3-10
y
4-15,
$10.89
.
Portland Cement—
5k.
participating preferred (quar,)V._„___
Participating ,
5 k
participating preferred (quar.)--ki.>
Participating
5k participating preferred iquar.) _______
3-15
3-30
4-15
Slk
—
Longhorn
3-20
$ik
■
'
7 4
8
2-28
4-15
(quar.)
pfd.
Accumulated
If
3-
75c
1"
int; 5k
bene,
.
iquar.)
Stores,
Department
<;4-Common
(quar.)-—. — --—$62 kc
(quai.).
75c
,
-
Gorton
3-
1
•
of
(quar.)'-f
Corp,
Cement
Star
Ctfs.
'
"5-kV
(quar,)_4^__;I—- -I $lk
•:v430c;«'-v <'6-1
Iron Fireman Mfg., common (quar.)
$114
./.jy;
;
'
(quar.i——___4
Co.,
Long Bell Lumber—
3-12
preferred
74
,
•
,
T
3-16
&
Lorillard
Co.:
Shoe
International
Lone
'3-26
-'50C'-'
54
International
■■
,
'
3-31"
"
t$lk
f $$1
Western Trust Co.
London
50c
50c
74 pfd. (quar.)
(London, Ont.)
Theatres
(Marcus)
Loew's
-V-
(quar.)____l___„V:_k;.^_;
Inc.
Loew's,
9,
1
!
40c
10c
9
4-
*
1
$1
preferred (quar.).: ;
International Power Co., 74 pfd, (accum.)_
56V4c
$1.75
Co. s(quar.l_—V
Brewing
i
:
Telegraph
Paper,
30c
■'
;(irreg. )_„^_Vi.
Aircraft' Corp,
Lockheed
Louisville
(quar.i___
Ocean
International
.
(qua-r.)—J_ - ."
common
(quflr.flvV—— '
Chain
Steel
3-18^
■-
'
& Stock
Gold
V.V
(monthly)'
Pipe Co., common
preferred
5.
4-
-
30e
_
74 preferred' (quar.')__^__^^;v^_4-:-,~44V4:;
Quarterly (U. S. funds less Canadian tax)
,
5c
Telegraph (quar.)$ 1k
Goldblatt Brothers, $2.50 conv. pfd. (quar.)62 kc
Golden State Co.—~
20c
Goodman
Mfg.
Co.
50c
Goodrich IB. F.) Co., common (irregular)—
25c
Goebel
;
■
preferred
74
-
5:
•3-
1
4-15
37 kc
—
International -Nickle- (Canada)—
(quar.)^^Jwi-.v^--;^:vf' ■'
(quftt\)___y..__c-.—$1%;///
"'
(quar.)
Joint
84
:
■
(quar..
Locke
3- 9
1
4-"
,.
50c
'
common
.
Sugars; class A
Godchaux
$7
U
(quar.)_
pfd. (quar.)—
preferred (quar.)-:--—_
(quar.)————
conv.
7 %
Globe-Wernicke
pfd.
conv.
Insurance
Falls
Glens
/
preferred
44
"V
(s-a)
(reduced).__
(quar.)_—
Machinery
Cigar
Harvester,
Minerals & Chemical—r
$lk
50c
25c
56 Vic
Girard Trust
Gisholt
International
International
$lVa
$l'k
preferred
$5
pfd.
44
'
(quar.);
capital
Lock
3-
$
$
$
•"
1
capital
Original
5
3-
4-
30c '
Cellucotton ..Products (quar-.tv'-
International
/
*
Gillette
Corp.,
" V
iquar.'C-
gtd.
special
(qua'r.)-V_:-_f4-_k"_„V 'f,
Original
".
3:
1.
UVtT' "; 4- 1
$1.75
30c
50c
+$1h.
75c
'4-
(irregular.)—
Securities
International
Co.,
'
3-31
34"' '
(quar.)
pfd.
3-
'3-31
|10c'
.
(quar.tV-:'
6 4;:pfd.
$lVa
preferred (quar.)—
Georgia Power Co., $6
3-20
3-31
preferred
5'A4
Inter-Ocean
62kc
,
—-
(quar.) ———_——
General Trust Co. of Canada (Montreal)—
'
Non-cum.
preference
(quar.I —,
General Water Gas & Elec:, $3 pfd. (irreg.)
preferred
6'/<>
1
4-
75c
115c '
•
■
(irregular)—--—i:—30c
Steel Wares' (interim)—'
J25c
Telephone Corp., common——— ".
40c
General
3-31
_
Refractories
General
3-31
!4-; 1
'
'
__—v
Electric, 6%
5-: 1
•[
'
tquar,V_4_——
MotorcyCie
3-15
'
75c
& Light____—
>4- 1
$1.31 V*
(quar.)__________—
$1V4". '.'4- 1
Indianapolis Water, 5 4 pfd. A (quar.)
$ 1 V\yl" 3-31
Industrial Acceptance, 5% _conv,„pfd, (quar.) :
3-23
25c
Inspiration Consolidated Copper—
Institutional Securities,- Ltd,-—
>.'j'
'VVV-- 2cVV
4-1
(Bank group shares) class A___—
'•*.
'
General
4-1
|$2
'
RR.
guaranteed
Specials guaranteed (quar.)
Original capital (quar.)_____'LUiV_4_kLw;V
'
'
Miami
Special
.
Indianapolis .Power
.
General
Michigan
preferred
74
Little
3H0'4
3-19
3-31
$l>/2.
(interim)__.__s._i4.
(s-a)—
3'
—_
.
—____—______
Indiana
pfd. (quar.)—Slk
General Motors Corp., $5 pfd. (quar.) ______
$1V4
General Paint Corp., $2.67 pfd. (quar.)—; •
67c
General Printing Ink, common (reduced)--'
10c
$6
preferred (quar.)——a-—
General Railway Signal common—;—. 25c
'6k preferred (quar.)--——«-■//"" $1,5Q:••,...
Mills,
General
(Wise.)—
General Service.
Indiana
12-20
*3-31
pfd. (quarJ
-Liquid Carbonic Corp.,,, common (quar.)
■' 41/*4 preferred (quar.)?
-
Indiana
I'tquar.)p. V$l'%:y
Machinery Corp.. common—75c
convertible preferred (quar.)
$lk
preferred
7Co
,
preference
64
•
12-30
V
35c
;
—_
6-21
9-20
f
51k
Imperial Paper & Color—.;
Imperial Tobacco of Canada, ordinary (final)
lkc
22c
'
________
Co.,
(quar,)
—
(Thomas j.i, 64
Llpton
6-30
»h
Name of Company
3-20
v" 9-30
'
$r:V4
Imperial Bank of Canada (quar.)_——— ••
Imperial Life Assurance (Canada), (quar.)_
'
r-
General
Bell
$6- preferred
$ik
"
common-——.
(quar.)
Co.
Telephone
Illinois Commercial Tel.
25c
»*•»-*
-*
**•
'
of Rec.
.
3-30
$ 13/4
■,
(quar.)— _—4-—:
Cement
Illinois
75c
;___ /:
(quar.),
A
_
,
7 4
preferred (quar.)—
.
51i
preferred (quar.i—$1.37
5k,
I quar.)
Holder*
Payable
;
$1%
preferred (quar.)—
——_r_
preferred (quar.)——
preferred (quar.)
r—iV""
7 4
5 k %
thare
-
preferred
74
Hutlig Sash & Door,
$1 k
(quarJ.—15c
(quar.)
class B conv. pfd.
Co.,
When
Per
,
Name of Company
Pi
thare
Name of Company
Mondayj March 22, 1943
CHRONICLE
THE COMMERCIAL <3: FINANCIAL
1042
40c
,
3-29
3-13
3-30
3-19
2
3-22
4-
"
Volume
THE COMMERCIAL &
Number-4161
157
When
Per
Name of Company
Murphy Paint Co.,'Ltd.,
1,1
Piston
Muskegon
Chemical
Mutual
6%
,
3-15
1
30c
25c
4-
1
3-20"
—'
__
...
of. America—
Co.
,1
(quar-;)/™
(quar.)—
:
3-27
9-28
7te
,
preferred
National
3-26
3-26
7te * preferred'
Extra
:'\
preferred (quar.t
preferred (quar;)
National Cash Register (quar.)
National City Lines, Class A <quar,)„__.
_
-
-
,
_
S3 convertible preference (quar.)
National Cylinder Gas: Co. (quar.)
National Dairy Products Corp. (quar.)-,
National Dept! Stores com. (initial quar.)__
/ 55-
4-
4-
National
5-
2
7-23
3-19
4-
Box Co
—*
50c
Co., Ltd.—
/'• ;/.'/.;//
(quar.)—/ $37tec
pref.
National
Lead
6te"-preferred,: class
National
Motor
Oil
B
National Paper & Type,
National
Shawmut
Bank
(Boston)
Corp.
(quar.)__
,
,
3-25
4-
1
3-22
4-
1
preferred
1
3rl5
3-18
,4-
20c
;
1.
1
Machine
(quar.)
/;■/•
3-31;
10-
(quar.)^__^__
Brothers
(quar.)
Works, 6te
Water
Co.,
4- 1
1
class A
partic.
Mines
(quar.)
Pendleton
&
Corp.
'/
Co.
Car
Extra'
/
___V—
-
preferred-
Heating
4-
1
3-19
$1 Vu
25c
4-
1
3-19
4-
—
8te
&
Loan
debenture
4- 1
3-20,
$1
4-
1
3-15
75c
4-
1
3-18
Sl'A
4-
1
3-18
4-
1
3-23
——
Assn.
Ry„
:
..
/ •/
6te
A
A
ScotL Paper
$4te
Scovill
Co.,
3-
Scranton
3-11
1
6te
3-25
3-15
preferred
$5
3-20
3-10
1
3-15
4-
1
3-15
$l>/4
4-
1
3-
S3
$1%
4-
1:
3-10
4-
1
3-10
_
$6
Co.-
convertible
4-1
4- 1
3-10
4-
1
3-10
$1%
$1
4-
1
3-25
5- 1
4-20*
5-
1
4-20*
50c
pfd.
(quar.)
(quar,)//--ri-
preferred
(quar:)—;,__
/
•
(quar.)
common
4-
1
$1 te•
4-
1
—
Shattuck
IF.
4-15'
3-19
Shattuck
Sheller
4-15
3-29
Sherwin-Williams Co.
5*- 1
5- 1
■ ■
.
4-1
4-15■
4-15
3-15
Common-
■;
-7te
(quar.)—
?
4-
Simon
_____
Z
3-19.
4-
3-13,
.
3-
2
3-
2
3-22
3-23
$15c
______
5-1
4-15
4-1
Ltd.,
Sons,
preference
Ltd.,
3-15
$20c
$20c
4- 1
2-27
$15c
(s-aK
common
(s-a)—_
(quar.)_.
com.
;
__/_//__/■/■
3-293-29-'
3-13
'3-29'<.
3-13
4-
4-
$i5c
5te
1
2-27
3-13
3-31
3-10
3-31
3-10
25c
Sl'A
5- 1
4-1
4-10
Sl'A
4-1
3-10
'
•■
-—- -
RayontCorp., conimon___-_„_--^.
prior preferred (quar.)
preferred A- (quar.)
5te
/
3-15
1
10c
—
Skenandoa
,
•
3-22
t$lte
i_,
(quar.)
__
1
3-22
7te
preferred (quar.)___—ISlte
Singer Mfg. (quar,
$l'/2
Extra
/
v
•■/.Site
"
.
&
3-20
3-13
of Canada-
:'/■"/■ Extra-
____
,
(H.)
1
3-31
10c
(quar.)—
cumulative partic.
40c
3-16
3-25
$1V4
—
(interim)
Silverwood Dairies,
1
25c
G.) Co. (quar.)
——10c
Corp,—5C-
preferred
3-15
3-16
4-
25c
Silver King Coalition Mines
?
.
Co.
G.)
Mfg.
9
3-10
3-22
(Frank
3-29
3-
1
4-1
,
87V2c
1 irreg.)
common/—
preferred
3-15
3-10
4-
$1
$1% /
Site
/
3-10
4-1
15c
37V2c
i__—
Corp.,
4
S2
Site
Site
■'"''
:——_
(quar.).
(quar.)
Railway
Steel
4-
3-31
$1 te.
preferred
Sharp & Dolnne, Inc.
Sharon
4-15
25c
Security Co. (Los Angeles) (irreg.)_________
Selected Industries, $5te pfd. tquar.t
;/'" $5te pfd. allotment ctfs. iquar,)—_______
Sharon
1
3- 1 '
1
$3c
62tec
■
(s>-a)—
(quar.)
Securities Acceptance Corp.,
3-11
4*
(quar.)
Electric,
3-22
3-10
1
4-15
(quar.)—
Manufacturing
,
$7c
(quar.)i—
$4
preferred
iquar.)
pfd.
3-31
4-
SI
$1%
iquar.)
D
-
-
$S1%
(quar.)
pfd,
5te
Power
Schenley Distillers Corp. 5>/2te
3-20
3-
3-12
$1%
,
series
3-12
3-31
3-31
_
(quar,)
Co.-
Electric &
debenture
3-19
3-12
$20c
preferred (quar.)_ /
Lighting (quar.)—
Remedial
preferred
/7V2 te
3-10
3-11
$$lte
(quar.)________
7te. preferred series C
,./•/
1
3-26
15c
______
common
Electric
Savannah
9
3-30
15c
—
7te
Savannnah & Atlanta
.
__
3-
Site
(quar.)
common-
;
Francisco
Sanganio
New,,England Fire Insurance (quar.) ZZzZJ__:' i; ■/ 12c
4fi;ir / 3-15
A (quar,)A
75c
4-1
3-18
4- 1,
New England Power Assn., 6te pfd, (accum.L
3i-20Pilot Full Fashion Mills, 6tete pfd.
$1
(s-a)„
65c
4-1
3-3
4- 1
7 3-20
/ Pittsburgh Bessemer & Lake Erie <s-a)
;-://; $2 preferred (aecum.)
____z__z_
33M»c:...
75c
4- 1
3-15
? 3-31
New England Tel. & Tel. Co. (increased)
3-10
$lte
Pittsburgh Coal;;6/A 'partic/pfd. laccum,)'tS:.''"/'"'SlZte' 4-26.
4- 9
New Hampshire Fire Insurance (quar.)
4- 1*
3-15
40c
/ Pittsburgh Forgings Go., (quar.tei——__—//"";'
25C
3-25
3-15
New Idea," Inc.
3-16
3-31;
<qtfar.)Z_
zi-_zZz_zite\"'-./. 15c
Pittsburgh-Fort-Wayne & Chicago—• ' /
/:?
V.
?/
' "
New Jersey Power & Light $6 pfd; (quar.)~_
"4^.1"
3- 5
Coaninon- (quar.)
Sl'A
^—
Sl344- 1.
3-10
4-1
3-11
New Jersey Water,;. 7% pfd. -(quar.)--—•:*"/'■ 7'A preferred (quar;)'L-_-:'______c„/_——"/''. Site
$1%
.' 4- 6 .;'f 3-10,
*■"
3-15" •;''*' Pittsburgh: NatT'Bank- (Pa.);: (quar.-)
New London Northern RR. <quar.)„_
4 -1
/'Site'
;//*"./75C;
4-15,
4-10/
'
New York City Omnibus Corp
3-26
T 3-12
50c
/■Pittsburgh Plate Glass___t_____
;. 75c
4- 1 •
3-11
3-17
3-27^
New York & Hpnduras Rcsario Mining (int;)/,////?" 50c|
■Pittsburgh Screw &
;.///" 10c ■ :■ 4-21
3-15'
New York Power & Light, $6 pfd; iquar.)
4- 1
Pittsfield Coal Gas
3-15
v
$1
3-23;
3-20;
$1%'
7yr
Planters Nut & Chocolate (quar.
4-1
3-15
preferred (quar.)$1%
$2Va "
4-1
3-15
.
1
(irregular)
4V15
50c.
-
.
4-
(quar.)
75c-
$1.06te
(quar.)
Phoenix Insurance Co^ (quar.)—■
Phoenix Securities $3 conv. pfd.
3-20
50c
A
Extra
San
4- 1
4-1
;/;>/•' 4te"% ' preferred (qiiar;)^iySite,-
3-22
1
St. Regis Paper Co., 7te pfd. (accum,)______...
Antonio Gold Mines is-a.i
3-31
Site.
-
3-20
4-
(quar.)
30c
'
_
1
Sl'te
San
1
,.
4-
—,
preferred (quar.).
;■__,
St. Johns Dry Dock & Shipbuilding—
-Stete preferred (quar.)—
i__;
St. Louis National Stockyards.
1
::
3-11
,5te
3-31
Site.
4- 1
$1V2
4-1
.....
Site ' ' 4- 1
V *" 50c
4-1
(quar.)—
3-16
1
(quar.)—
Industries, common
preferred (quar.)—
Safeway Stores,
3-8
4-1,
1
4-
(Helena)
Safety
3-15
4" X
4-
Site
(quar.)______
preferred
Sabin Bobbins Paper,
4-
"25c
9-15
—50c
(quar.I
Telephone Corp.,
Cable
7te
4-
87tec
(s-a)—_V
1
25c
1st preferred A
Ruberoid
3-15
4- i
4-15
3-15
(quar,I—
pfd.
common—
convertible preference
.
37tec
$4c
preference' 1 quar.
3.-22
3-31'
Site
Site
Russell
3-22
3-11 /
—
4-15
5-1
•
50c
'
preferred
preferred
(quar.)
2nd
6V2te
.
G-15
2nd
Rubenstein—see
$lte,
'
*
3-18
50c
_
(quax'.)—
Philadelphia Dairy, Products— '
Tir>;' $6: prior preferred: (quar.)____________
Philadelphia Electric Power; zio' pfd;. (quar.)
Philadelphia National Insurance
Philip Morris & Co., Ltd,, common. (quar;)
■
3-18
4-
(quar.)
$6
3-10
4-
1
4- 1
/
3-15
7-1
4-
Roeser
50c
pfd.
(quar.)
:
3-22
1
3-29
Gold
'
/ Pfeiffer-Brewing'Co.»'J
Philadelphia Co., $5 preference
3-18
3-31
1
4-
-
1
Sl34
,Rome
3-15
3-15
3-15
3-15
3-15
3-15
3-15
'
4- 1
4- 1
:
G-15
9-15
(quar.)
4tete
3-15
1
4-
1
1
preferred
$2
///Pfaiidler/'Co./'(quar/l/ii/ii:—$1 'A- f ' 4k>1, ;/ /;3t20<
?■
3-15»
4-151.
•
,
Co.—
Stove
Peterborough RR;
3-15
3-31
2tec
Extra
.
"/
"//..
4-
"//PjBt* Milk Co., common (qu&r.)
25c
/"'■''■/Ntete'-P$eferred/(quar.)—IV—''Sl.Oe'te-/
'
Britain
New;
//
,
4-1
4- 1
,/
Works,*.7(!o
Circle
Perfection
Perron
3-15
4-
12 tec
?$1,31 'A,
Neisner Brothers, -4tete- preferred (quar.)z/..- $1.18te
-
(quar.)__
(quar.
.
Water"
Perfect
>
3-22
4-1
4-15
(resumed) i25c
5tete/ prior: pfd, < accum.),./ $1.37 te;
preferred 1 accum.)______/
$1.50
1st
:
preferred
Peoria
3-15
Sugar- Refining
Navarro Oil (irregular)
Negus Mines,-Ltd; (interim)
Nelii Corporation, ' common
(accum.)__
710-
*
7-31
National Supply
prior
4-16"
8-16
$$1.00
«
-
25c
$lte
$1
Site.
/Site
Site
12tec
62V2c
(quar.),_'_
1
1st
—
Riohman
!/'
V«.
".
.
4-
3-10
3-10
3-19
3-19
1
4-1
:
Site
7te
3-12
.
3-31
3-31
$5 preferred (quar.)_j__:
$1V4
Peoples Drug: Stores (irregular)
25c
Peoples Gas Light & Coke; (quar.)—$1
3-20
Z 3-22
37'Ac
25c
50c
$50c
(quar.)
Extra
National
1
$l'/4
_
•
National Standard: Co* (quar.)'
Car
1
4-
3-30
25c
5'te preferred (s-a)
Natioai Rubber Machinery
National -Screw & Mfg.
<irreg.):
National Steel
':,:/5-
25c
-
preferred
*
10c
(quar,)__ *
Goods
2nd
5 te
8- 5
11- 5
4-
pfd;
Richmond
2-5-44
Site,
70c'r
,.;// Common
8-15
11-15
Corp. ■ (quar.)15c
$2te pfd.
Pennsylvania Water & Power— '
3-12
3-31
37 tec'
(quar.)__
Forge
"'
$1.50
(quar.)
Bearing, Site-pfd.
Products
/
Cil/'Coi/Cj-VVl-V^^^tv—V„iZ /./"// 75c3-31
(J:
Pennsylvania Telephone
3-15:
4-1
12Vic
(quar.)
common
National
$5.25
.
3-25
1
A"tquar.)_^____„w-
1
preferred • (quar.Sl;,4
preferred (quar.)
Site
1st
4-
1st
Ritter
4-10
Sl3/s
Rochester
35c 2-15-44
35c
(quar.')/-—35c
A
class
4-10
3-19*
of Reo
(quar.)__
conv,
7te
5- 5
: 5-15
1
pfd.
3-15
6-15
1
1
5-
Riverside Silk Mills—
clfiss"A Mquar.)^_^i__V
cumulative 'class
cumulative
5te/
3-15
3-10
cumulative
/S1.40
-
-----
(quar:)v/_/iV:-/__^^«_/-V»^
Pennsylvania, Sugar 5te-preferred (quar,)—
Grocers
$1.50
7-
5-
7te
3-18
3-30
3-22
4- 1
SI.31'A
(quar.)—
(quar.)„_^
7te
9-15
$5:
10-20
8-
25c
10c
50c
'
iquar.)
common
Pennsylvania Pwr. & Lgt. $7* pfd. (quar.)
;$6* preferred * (qudiv)Vvv_--_^_--_l^---V_^
4-21 '
3-31
•
12-15
5te
'
10-30
,
5-10
4^ 1
4- !/■
50c
Telephone,
PehnsylvaniaVIhdustrles $6 pfd:
2
2c
™_™_.
4-15
:
67c
, 30c
Site
.
Pennsylvania.Glass Sand Corp.—
'Common (quar.)
3-23
1
Folding
National
.
4-
1
v
/-://:Extra
2-27 /
4-15
(reduced)
10-1
3- 8
;
$1
—w
1st pfd.
1
3-27
4-
50c
Wilcox,, (reduced)™-^———^
Pennsylvania
4-17
1
llf
ISlV*
-
7te
pfd.
Pav'ble
7te
3- 6*
3-15
3-10
4- 1
5-9
3-18
1-1-44
Penney
4-17"
3-24
&
4- 5
prel'en-ed
Holder»
Share
$1.75
Copper <te Brass 5'Ate
7'Z
3-10
10c
When
Per
NameotCompani
3-18
1
4-
50c
$1/40
3-11
3-30
1
Stow
3-29
75c
"
Pennsylvania'Edison, $5 pfd. (quar.)cv.i—
/// $2.80/preferred (quar.)/
3-11
4-15
Dry
L-—50c
class A (quar.)
35c
:
3-11
>■
Enameling? & ,r-Stampinig—37teq:
Quarterly
*
1
-
•
/'Quarterly _z_Z—zz—'/,"':
National
Gfj)
1
4-
2c
2c
preferred (s-a)z__A/z/_z_Z—--■/
National Electric Welding Machine (quar.)_
'
l.:
4-
30c
6te
,<■
4-
25c
5 '
3-11 i ,.?■
4-' 1
Rice-Stix
cumulative
■
4
3-
>
Metals
J$l.40
3-24;
3-
1
Reynolds
,
(quar.
Common-'(quar.);
3-12«
1
4-
6-19"
$1.40
11-10
1
4-
Site
$1% \
25c
50c
75c
20c
20c
12'/2c
___
2nd
6%
Common* (quar.)
Common (quar).
8-10
9-
4-.
Peninsular
"•
6-30
(quar,)-
(quaiv)i——-—-—_
Appliance
Pieck
5-10
4-15
25c
(quar.)
Common" (quar.
1st preferred
3-20
;
12-'/1
tquar.)„__^__^_—tl44c
common
8
3-20
6-
(quar.)
pfd;
conv.
1st
>
Parker
4-
Q'/o
•
.v.
6'A
3-20
4-
15c
6',^ "convertible preferred (quar.)v-—-—
15c
rGte: convertible preferred .(quar.)__——
15c-•
National Biscuit Co., common...„.__„
30c
National Blvd. Bank of Chicago (quar.)_—
$1*
National Breweries, Ltd./ com.
(quar.)—t50c
•
3-20
41
<quar.)_/.A_—__v-,™--zv,l':. $1%
C
National Candy,
3-
4-1.
'
Revere
:,(quar.)__——10c
preferred* (quar.)—
ParamoUnt'Plctures,
'
50c
Auto Fibres
!4te
5-24
6-19
S3'/2.
—$3te
Southern/Investors,. $3 pfd,
1
5-31
6-30
40c
"(irreg;)
L,—
Page-Hersey- Tubes • (quar.)'i._„„-—_^—
Paraffihe'-.COs.V.Coinmbn (quar.)
3-19
of Reo.
—.
Packard "•Motor/Car
3-15
3-29
40c
,'$2'2nd1.preferred—/
Pacific Public Service
12-16
—
When
Payable
(quar.)
common
preferred series A (s-a)
7%' preferred series B, (s-a)
Pacific
9-16
12-28
&#" preferred
Site
'6te "pheferred'" (quar.)i___-^-v.'--r;--^-i--., '_ /v Site
Myers (F, E.) & Brothers_______—50e
Nachman-Springfilled
1——I'ZiU—25c
Nash-Kelyinator Corpi z—-——, 12 %c
Nashua Mfg., $5 1st' preferred (quar.)__™
$1'A
_____———
4
6-i7 "
-
6-28
'
V*
Extra
,
3-18
:
Mfg.,"
.
Holdert
Per
"■ ? Name of Company
,
1043
thare
•
V-
"7%,
,
Site
"Site
:™—
3-
3-25
-
-1
Pacolet
3-15
$20c,
.
(quar,l____Z—
preferred
preferred
6te
,
4-1
(irreg.)
Ring
1
4-
(quar.)___r
■
T-.
of Reo.
;—•' $$lte
common
.5 te t'e preferred (q.uar„),
Murray Ohio Mfg. Co._i
••
tioiatra
Payabl6r
thare
FINANCIAL CHRONICLE
Sloane-Blabon, 6te preferred A> (accum.)/.
$3
Sloss-Shefl'ield Steel & Iron, 00111. (irreg.) l_
$1.50*
3-10
3-31
3-15
3-22
3-10
"
•■
'$6
■
.
New- York Trust- Co.
(quar.)
Newark -& Bloomfield RR.
Newark Telephone
87 Vac
'
SlVa
<s-a)
(Ohio)
6'f pfd. (quar-.)„'i,
;
$l '/2
pjfd^B- (quar.) 1: v $iJA
v.v.6%l5»( preferred a- (quar.);
>•!.. $1-%'
T1' Common (quar;)
&•!
60c
Newport Industries
(irreg,)L^^-Y^-.-V^','!t''? 20c
Newport News Shipbuilding & Dry Dock—
:i ?
•i: $5 convertible preferred (quar.).
.//( SI1/*.
Newberry (J. J:) Realty,
—
Niagara Share (Md.), 6^ preferred A (quar.),
Nicholson
File
(ii-reg.)
Nineteen Hundred Corp.,
Class
-
cla^ss A
(quar.)
(quar)-—»'
A
Class A» (quar.) -—-2^
Noblitt-Sparks
North
Industries
American
Co.,
Edison
for
each
50
:
Prior
V
preferred
2
Northern
Natural
Northern
Ontario
Co.
Power"
5.
3-
"
3-10.
Providence
75c
3-10*
Prudential
5.
4-
1'
Providence
20c
4r
Is
4-
1
c ;
3-20
4-
1-
!
3-15
4-
1
'
3-13/
4-
1
v
/
50c
3-25
2-20'
$12c
}$lf/a
4-26
3-31
4-26
3-3 L
.
-12——;
)quar.)——_
Northland Greyhound Lines— '
7./''.
(quar:)__.
Nonvich & Worcester
Nova
Scotia
Sl'U
•
RR.
tirreg.)
8(w
Light & Power
pfd.
$1
40c
1
Novadel-Agene
Nu-Enamel
Co.
■
3-15
$$1V2
1
3rl3
——_;
7V2c
-
1————/■'//:
Ogilvie Flour Mills; Ltd., common (quar.)
Ohio Brass class A (reduced)
4—
2c
$25c
4^
1
3-17
'
3-31
3-25
4*
1
Pure
-3-22.
.
3.-11
:
;//?' 6te
•3-26
35c
3-24
$3
4-
1
3-11
4-
1
3-15
preferred (quar.)——————
$6.GO preferred
(quar.)—'———'
$7 preferred. (quar,)_i
,2——
S7.20
preferred
(quar.)——-—
Ohio Finance Co., common
(quar.)—
'■1
5 (/o
preferred
(quar.)
Gte
preferred
(q(iar.)_—1
—
Ohio Match Co. (irreg;):
—2
Site
4-
1
3-15
$1.65
4>-
1,
3-15V
$1.75
4-
1
3-15
$1.80
Rath
Co.
$6
$5
pfd. A
(accum.)_
preferred
$6
8
3-
8
Co., com.., (quar.)—
$5.50'prior preferred; (quar.)—
preferred
$3
2—
(quar.)-*-
—_2„
Old
Colony
Old
1
1
6te:
•
.
1st
series
1"
.
4-
1
3-10.
Oliver United Filters,
class A
1
-
:—
/■'•> v/
Ontario
Electric
Ottawa
Light Heat & Power,
Rwy.
preferred
(quar.)
(quar.)—1/1
Ottawa
5f/o
(quar.)
Debenture
&
com.
Can
Pacific
Indemnity
(quar.)"——
Co.
preferred
convertible
preferred
5te
Packing Co.',
1
preferred
G'/o
&
preferred
Tel.,
common
(quar.)
1
3-16/
4-
1
3-20?
.
:>/
4-
,
_
-/
1
50c
/
-
>
4-15?
3-31
SlaAi/
1
/:/ 3-15
" 3- 83-
8te
3-25
3-20
Reece
preferred
8,
3-20'
'
5teZ" non-cumulative,
Z ' 5te, non-cumula.tive»
10-15
9-20
Southwestern Light & Power, $6 pfd.
(quar.)
$l'/2
4-
1
/' 3-10
4-
1
3-10
35c
Site
3-31
3-15
$1.60
75c
3-31
3-15
$1.60 'non-cumvpreferred
3-20.
$1.60
(quar.)
■
1
'
4 25c
4-15
4-
1
5te
(quar.)-_^„
1
3-
Standard
Insurance
4-20"
Standard Fruit & SS, $3 partic. pld.
5-1"
-
10-20
1
3-16
25c
3-31*
3-15
3-31
8
3-18*
V
3-15
"/
40c
•
Stores>Corp.;
common
(quar.)_____
■
3^25
12V2c
4-1*
—37teC
4-1-
1
'4-10
3-15
Reliance Electric
25c
3-26
1
3-15
Reliance
30c
5-1'
$50c
4-
1
3-
$l3V
4-1,'
tl5c
4-
1
4-
1
3-23.,
preferred
(quar.)
50c
3-19
4-
1
3-15,
4-
preferred
-
(quar?)—
•
;
Remington
Rand, Inc., common (interim)
$4.50 preferred (quar.)
Republic Investors Fund,- 6te pfd. A* (quar.)
•*■
6%
preferred
B
(quar.)
1
3-15
4-15
3-31
Republic
Site
3-31
3-17
6te
preferred ' (quar.)___
$iy2
4-15
3-31
6te
prior preferred
Steel,
x.
common
(quar.)
—.
;
3-23
.3-15
-
4-20
6te
of
Steel Products
3-10
Sterchi
Stix
4-26
4-16,
Studebaker
2:
3-10'
Sun-Glow Industries
S1V2
4-
1
3-10
Sun
$iy2
4-1
3-10
Sunray Oil Corp., 5tete
Life
Corp.
3-16
1
3-31
$1'A
5-
1
4-15
4-23
4-16
75c
75c
$$1.
Sl'AZ
$10c
$10c
3-20
4-
1
4-
1
3-15
4-15
3-31
4-10
3-31
3-16
3-21
3-15
3-31
3-26
25c
Sl'A
(quar.)_—
(quar.)
:
——_—
5te
pfd.
(accum.)—
1
Canada)
conv.
1
3-20
4-. 1
3-20
$75c
$75c
$75c
20c
75c
433/4c
/Sl'A
Sl'A
4- 1
5- 8
5-8
3-20
3-31
3-15
3-31
3-31
3-20
25c
(quar.)„
Co.
3-26
4-
$60c
—
3-31
$15c
(resumed)
Assurance
3^15
4-
4-15
(quar.)
4-
."
1/
3-31
3-27
Strawbridge & dothier,
4-15
25c
4-
15c
Stores, 6te pfd. (quar;)-—
Fuller, 7te 1st pfd. (quar.)—
4-15.
20c
Site
50c
—
Engineering
3-10
&
3-15
(irregular)___
common
5-1
Baer
1
1
4-30
Brothers
$5- preferred
4-
4-
3-12
preferred
5- 1,
1
5
S2'/a
3-30
(quar.)
15c
4-
5
3-22
5-15
—
Canada,
3-20
3-20
4-
10-
75c
Ltd., common* (quar?)
l.___
preferred
4-1
4-15
10-15
31'V4.c
(quar,)_____
convertible
7te
4-13
___________________
(Frederick) & Co., common
Steel Co.
3-15
3-15
:
(quar.)
participating preferred (quar.)
Extra
1
4-15
3-31
Co.
Brothers,
4-
4-1
3-20
common
15c
Site
*
-
Republic Natural Gas (s-a)__
Site
r4- 1
25c
-
2-17.
3-31
& Engineering-—
Manufacturing Co. (111.) common..
5te
Stedman
■*
1
convertible
11-15'
3-22
3-31
8-16
1:
4-1
3*22
1
4-10
Stearns
121-
1
3-31*
Stayton Oil
S.)
8-14
50c
_
5-15
;
(B.
8
5-15
30c
A
;
—_i
3-15f>
'
(accum.)
iquar.)'
State Street Investment Corp.
9-1—
40c
90c
-
B
Starrett
6-1
(quar.)__
Ltd., 6tete. pfd. (accum.)
3-22
*. " 4-15
J,
of
3-15
$25c
(Dayton)- (quar.)—
N.
3-31"
30c
preferred
of
Stanley Works,
5te
preferred
5-
r2-17
Class
Standard Screw
3-
Sl'A
$5 pl'd. A- (quar:)—_:
4*1
.
preferred- (quar.)—40c
non-cumv
Oil: Co.
1
$1'.13
Ohio, 5te pfd. (quar.)_
Standard Radio, Lt., class A* (quar.)_—_
3-15
4-
4*
Standard Fuel Co.,
Standard
8
4-
6-15
9-16
4-
50c-
3-22
11?
3-
Sl'A
.
lquar.)___.
3-31
Fire
1
4-
$1.
SI*
.__■'
convertible preferred
& Sons,
4-
7te
5"te
4-
& Electric—
Squibb (EC R;)
4-1 :
10c
Gas
3-16
35c
common—
3-22
4-
•
5
(Mo.)
prefewed A-(quar.)
Square D Co.,
3-31
Sl'A
(quar.)
3-31
50c
1
Springfield
7'te>
3-20
4-20
10c
Spalding (A. G.) & Bros., $1.50 pfd. (irreg.)
$1.50 preferred? (irregular)
Spokane International RR. (initial)
Springfield Fire & Marine Insur, (quar.)™
5t
3-20
4-15
S2'/2.Z
(irreg.)
3-31
87tec
•
Mills,'common—
non-cum.
Reliable Fire Insurance
Reliable
-
pfd.
(irregular)^
Regent Knitting
4-
50c
(quar.)——
4-
7te
1
3-
•"
50c
-
preferred
Corp.
4*2.01".
$2Va
(quar.)
3-15
Corp.,
Bit
5-
5-29
25c
"
Consolidated
•
1' 4*- 1
-20c
«
(s-a)——
3-31
Roller
preferred—
(quar.)
Site,
3-20
Reed-Prentice
$2
Sl'A
Sl'A
preferred———
(Dallas)
$1.25
3-12
Reed
$2
Southwestern Life Insurance
87y2c
4-15,
5-15/
3-31
Southern Railway Co.,, common (resumed)—
/ -Mobile & Ohio stock trust is-a)——_____/
•
(quar.)
3-15*
3-16
3-15
Southwestern Gas & Electric, 5te pfd. (quar.)
3-31
4
4- 1
4-1
4-15
6-18
3-1
;
3-31
New
Southern
3-19
4-15
4
3-
Gas (irreg.)
25e
England Telephone———
"'Sl'/a
Phosphate Corp._—10c
Natural
Southern
7-15
3-25
Z 3-
1
3-19
4-15
15c
1
1
4-
3-22
Natural Gas, $6* pfd. A (accum.)
Southwestern Associated Telephone—
.
4-
4-
4-15
3-26
Southwest
'■ '
/
Z
50c
Southwest
Site
3-15
3-12
4-15
3-15/
$1V2
1
/
37tec
34%c•
$20c
$Sl'/2i
3-19
$l»A
3-20
1
Edison—
3-15
(quar.)i/-_—
3-31
4-
50c
;/ 62'/2c
5
3-26
40c
Site
$1
58V3C
Pipe Lines_—
Telegraph (s-a)/._^—_
Z V"'
3-30
4-
$2
Atlantic
Southern
*$6
■'
Sl'/a
1
(quar.)—v_—50c
Machine
3-
Sl '/a
50c
.
original preferred (quar;)*—.
—u.—A'5te te preferred series C (quar.)_
/_
Southern Canada, Power, common? (quar.)—
'/'" 6'te. partic*. preferred
(quar.)
Southern Fire Insurance, (Durham, N. C,)—/./Irregular
„__v———
■■/..■::.
3-15
2-27
Site//
/;/.
3-10
3-25
3-25
3-26 /,
(quar.)„—————
Button Hole
4tete pfd, (quar",)/.?
coxiimon (interim)
Sugar,
(quai':)—
Penn
■
3-25
4-
.
$13^
(quar.)__
Reading Co., 2nd preferred
3-20
West
25c
3-26
-50c
-.,
$2te,
1
$$lte,
—
/,/•
3-
4-1
50c
(quar,)__w—^,v/
5te-preferred
1
—25c
(quar.)_
3-20"!
-
3-31
$1V4.
.
•/
3-20
:
25c
,/
*./
(quar.)
1
Porto Rico
preferred
:■
3-16
3-29*
/'Z'Z/.;
$i'/2
/-• 5te
/"/4- T :/,; ''3-2.6/
.
(s-a)—
■
4-
25c
Tel.
4*
Rayonier,- Inc.- $2 preferred (qua"r.)_-_/___-"
Ray-O-Vac Co., common (quar.)'——-——-
4-15
(quar.)—
Extra
Pacific
a
(quar.)$1
(quar.)i-,———Site
4-
25c
1—
(quar.)
Pacific Lighting Corp., $5 preferred
California
3-10
common;
50c
-
ISl'A,
—_
(quar.)
Co.
Pacific
Southern
3-12
1',
$2
(quar.)—_—
Corp. |8preferred
Loan
&
3-26.
/'
*
Omnibus
Southern
4-
preferred' (quar.)
41 tec
•
(quar.)
South
3-15.
■/■ 2c
Railway Employees Corp.,Wo pfd. (quar.)—
Ralston Steel Car; common (quar.)
3-10
(quar.)——$5
Trust, Shares
7- 5
1.
8te
5i
.1
50c
Radio. CprpsOf America, $3.50 1st pfd;
S5 cum. preferred B (quar.)_.
3-10 v
4-
Colony Trust. Associates—
Insurance
7-15
41%c
Oil'Co/. )5te1,: preferred
preferred .(quar.)—:
Quaker/ Gats,,
3-15
4-
Site.
,
Oklahoma Natural Gas
4-
40c
Site
—
—
South
4-
,
25c
(monthly)
'
phio Public Service,. 5te pfd. (monthly)—6te
preferred ; (monthly)—
7te
preferred (monthly)
Ohio Water Service, class a (irreg.)-.:—
South Pittsburgh: Water,
4-
S2V2
preferred; (monthly)
5te
(reduced)
Water,
3-26
1/
Gas—
—
3-25»
4-
3-16
4-1
.
25c
5c
(quar/)__
Electric &
4-15/
/
.
10e
/■
3-15
•
4-15
,
Site/.
•
•
,
4-1
50c
$1'/2Z'
50c
«
Corp.
4-15/
$$1%:
: $2.
Site
Putnam? (George) ,-Fund-.(Boston) ———J
Site
Edison
3-
-
(quar.)——
B
Cities
o&
.
3-24-
Class
3-15
$6 prior preferred iquar.)——
Z—Z /
South Carolina Power, $6 1st pfd. (quar.)__^
South Penn Oil Co, (increased)/—
?
1
4-15>
(NY)/ (quar,)///37tec
Colorado—
•
/ ' ■.
Puget Sound Power-& Light—
$5 prior preferred' (accum.)
$5* prior preferred1! (accum.)_
$5" prior? preferred: (accum.)——'
^
35c
Ohio
pieferred
/
7te- original
—
Ohio
*
(qua.r.)_„_ _^i_^_
Common non-voting shares
►
'
3-18-
1
4-
50c
(quar.)
3-15)
4-
■
1
4-
(quar.)
Corp.
Oil
Oceanic
Investing - Gorp.
Public Serviee of "Gklahoma,. 5/0-pfd.- (quarte
Publication Corp., com. voting shares (quar.)
3-20
4-
3-19
South
'"'/•/,7te. pi-eferred?'(quar,)'"/.Site3-31.'' '
3-22.
3-28*1
1
$2
87■tec-
(quar.)-
(quar.)-———;
4-
3-3L
"4-
/'Extra
Sonotone
4-15
;
40c
Washington Insurance (quar.)__
&■. Worcester R8';;.A,t/,V-.iA?
>•'/■■♦-"' 6preferred * (monthly)
Public Service Elee. & Gasa $5? pfd.
'
'
$75c
$lte& ;
• $5c
:
(quar.)
-
Public Service? Corp. of. N, J,—
."//-■ Common "(irregular).
,
pfd.
3-15-
3-19
i
3-31
.
4-1
Carolina
4-15
Mills—
4-15
tSl'A.
7te' preIerrecL''(monthly>—584~
■■/*> 5te-
,
3-15
'
Northwestern States Portland Cement (quar.)
Norwalk Tire-& Rubber, Vk pfd. (quar;)
"
•
//r6te
3-20/
:
$83Ac
»
preferred
SGVa
..
Public Service Co:
/
3-20
.
-20c
(irregular)
Northwestern Bell. Telephone,
Mines
Prosperity: Oo.,: 5%; prefmed (quar,)-_^/-„v.
f://■/' 5te preferred ' (qua4';)i_^—.'_—
Providence Gas Co: Mquar.)
L
V
1
1
Dome
Paper
Typewriters, com.
/'/ $6 preferred (quar.)
/_•
Snap-On Tools Corp, (quar.)
:
:'.Snider. ■;Packing
";c.orp;_____/„__//_^i_//^_'__/";*.':- ■
3-25
4- !//?(3-10
50c
,
-
1
r
common—
East
4-
87V2c
(initial)-
Gas
'
(Howard)
3-22
$$lte
6te.. preferred
(quar.)
Smith (L. C.) & Corona
3-22
-
4- 1
Public?National Bank & Thnst
(quar.)-____—;
Co.
of" Atnerica_/_„__^_-__„^______
•Price BrotherS" & Go., 5//- ;preferred (quar;
/ Procter & Gamble- Co., 8te pfdv (quar;)i__« "■
3-15
20c
Gas
Co..
non-cum.
Preston
:
11-1'
3-31?
Q?/o
4fc
-
-
North Star Oil,* Ltd., 7% preferred 1 accum.)-
Gf/o
1"
8-
8-16
--v
4-
North Texas Co.
'
5-
11-15
(lrreg.):__-_--___--_-------—12J/2c
Shore
Potash
Corp.,of Canada1 6^ pfd. (quar,)^—
partic. pfd. (quar.)___^___w V
3-13.
Pratt & Lambert,--Inc.„_l.V
3-20- /r Premier: Gold: Mining^__v_/___^:
./ /
V.
Smith
*
4vl5
71 %c
7Ce .preferred..(quar,)
North
/
*
1
'
3-10
$1.50
3-15
3-31
4-
(quar.)
3-10?
4-1
I'm pfd. (qUar;17teC'
Huron-Sulphite-& Paper—
//.
/ :■••//.
4^> noh-cum^ partic.. pfd; (quar;)__
SI '
/ ■Porto/Rico Powerr:7/i>: preferred (quar.)
Site/
Power
v
.5-1
50c
■:
53* ',b preferred, (quar.)___^_______
G'/e preferred^ (quar.):
North American Fihance Corp—
-
3-11
15c
25c
—
?":
•
\
•
A
3-23
(quar.)
Port
"
3-16
1
Inc.
Pneumatic-Scale/ Ltd:,
.
.
'
.
Class-
4-
50c
V: held)
v
3-31:
4-16
;■
5-15
of"
shares
•
•
Plouglr,
Plymouth- Oil "Co." (increased)
4-16:
50c
50c
share
(one
common
stock
-
5-1
4-
'
Detroit
4-10
5-1*
30c
-
—
■!
.
'
3-19.
3-12
1;
3-24
,
/
/
:
—;
4-
;,/-4iY.--14
preferred
(quar.)—
pfd. (quar.)—
12tec
"$$3'A
C8tec.
4-
7
4-
7
3-15
4- 1
4- 1
3-31
4-15
3-10
4-1
3-16
4- 1,.
3-10
3-10
3-16
3-31
Sunshine
&
Co.
Gold
Sylvanite
30C
1
3-15
Western
Assurance
Electric
5%
preferred
Talcott
i—
8-15
;
Wheeling Steel
4-
1
3-15
4-
1
3-12
$5 conv. prior preferred
Whitaker Paper, common
1
4-
1
3-15
White
3-31
3-10
Whitman
4-
10c
4-
.
V $1M4
$1 Ma
4-
1
3-10
t7MaC
4-
1
3-
1
t$l%
4-
1
3-
1
41 %C
4-
1
3-20
(quar,)_
—
t$l'/4
(quar.)—
Quarterly
62 MaC
<——„
—r-—
4-
Metal
Union
Co.,
Mfg.,
$6
preferred
Union
Pacific
United
Elastic
United
Fruit
V
(quar.)_
—-
3-17
1
3-17
3-10
1
3-
8
4-
1
3-
8
4-
1
3-16
75c
—
:■
35c
50C
(reduced)-
3-
3-24
4-15
4-15
1
4-15
Other
8-
1
7-15
Reserve
si
8-
1
7-15
Cash
11-
1
10-15
$1
_
11-1
10-15
4-30
.
(1897)
4-
15c
4-
—
3-18
3-30
3-17
3-29
3-17
•
I
4-
1
4-
1
;
6-
1
25c
6-
1
5-
1
4-20
4-
1
4-. 1
Cement
Quarterly
4-
i
25c
4-
1
4-
1
3-llr
10c
4-
1
___
Debits
$1%
4-
1
3-
:
v
interbank
;
;
$5 preferred (quar.)_
Illuminating Co
1
2-26
$1.25
3-31
2-26
50c
——
6-
M, 4- 1
3-12
.
Co. (Del.);—
preferred (monthly)
preferred (monthly)—
prior preferred (monthly)
.7%
United N. J. RR. & Canal
S.
U.
9-
4
12-
12-15
4
'___———
S.
International Securities
&
preferred
1st
United
3-31
$1
———
7%
Co.,
3-23
4-
25C
(resumed)
A
banks in 101 leading cities shows
4-
1
3-10
Quarterly
Quarterly
U.HS. Playing Card Co.
'Extra
12-20
11-30*
50C
—
—
4-
1
1
3-16
3-25
f 3-
5
S.
Printing & Lithograph Co.—
preferred (accum.)
U. S. Rubber Co., common (resumed)
$1
$3
8%
United
Shoe
Machinery,
Leaf
Tobacco,
40C
$6
preferred
$15
4-
3-15
increased
4-
5
3-16
at
4-
5
3-30
3-18
$1
5%
5-
1
4-
1
1
3-25
3-31
3-23
4-
40C
$1%
3-
1
4-
1
2-
1
62MiC
_
1
$lMa
(quar.)___
7744-
1
3-22
7-
1
6-21
1
9-21
1-3-44
12-24
3-31
3-10
$1%
3-31
3-10
$1.75
6-10
6-
62 Mac
10-
62 MaC
prior preferred (quar.)
a
Kamp's Holland Dutch Bakers—
Van de
'.„J
(irreg.)
$6 Mi preferred (quar.)
Vapor Car Heating, 7% pfd.
7% preferred (quar.)
7%
preferred
_
(quar.)
Ltd.,
5%
(s-a)
Chemical
Victor
6%
preferred
Vlcheck
7%
Tool
2nd
Ltd.
Waldorf
System,
Ward
Baking
(S.
Warren
RR.
Inc.
Motor
Co.
Co.
Wesson
West
Oil
&
&
West Kootenay
Penn
7-17
3-18
4-20
Pwr. & Lt.,
•
(quar.).
4H>%
preferred (quar.)
West Texas Utilities $6 preferred
4-23
We give below a
world.
^
f,;
2,148,861
—'
—
(quar.)
—
3,753
+
351
•)•;
'
4,414
+
—
1,795,775
1,306,056
592,375
+
103,224
75,600
+374,900
— 19,820
1,015,675
I
Bills
944
:
1,445
+
—
Total U. S. Govt,
'
323,175
1,795,775
+1,306,056
+
securities,
*
and guaranteed—.
direct
6,266,367
+176,256
+4,017,381
securities____
6,289,367
+
177,350
+ 4,025,548
Total bills and
Due
from
foreign
47
banks——
Uncollected
Bank
items
premises
Other
'Total; assets
r
notes in act,
+
33,968
742,595
+
Liabilities—
F. R.
1,595
"l6,863
+
4,523,020
4,094,495
—
29,244,280
-r~-r
438,132
—
76>026
assets
~~ 34*726
+
577,800:
+
1,938,965
39,111
:
+
+**19,821
62,463
notes of other banks.-—
F. R.
1-..
lu
y
53,968
circulation-
13,515,702
+
394,074
+
12,651,368
acct.—
Deposits:
Member bank-reserve
U.
S.
:
j
Other; M
Deferred
+
'
6,067 M.
accts._J.
-J—aL—
Treasurer-gen.
Foreign
-—
576.374
1,259
+
52,792
30,203
+
125,078
30,165
—
+
866,617
262,497
—
—
369,150
+
344,965
+
279,510
1,529,830
+
446,933
+
116,318
10,393
+
1,881
+
6,067
28,842,474
+
739,811
+
4,496,390
+
MM/22
+
3,712
14,650,883
deposits ——a
availability itemsincl. accrd. divs._
1
Other liabs.,
Total liabilities
Capital Accounts—
146,935
in—
(Section 7)—
Surplus (Section 13b)
Other capital accounts
Capital
paid
•••''
Total liabilities & cap.
Ratio of total res.
+
48
+
19,961
+
4,523,020
—
accts.
+~~~2,7G2
67,631
29,244,280
+
742,595
to deposit &
76.3%
liabilities combined
Commitments to make indus¬
liabilities of
2,909
+
26,829
F. R. note
trial
.
160,411
Surplus
+
12,229
advances
.9%
—
of Section 522 of the
/
14.6%
—
304
2,025
—
3-22
Bank is now cer¬
transfers in the different countries of the
Tariff Act of J530, the Federal Reserve
the buying rate for cable
record for the week just passed:
3-31
4-
1
4-
1
1
1
3-15
4-
3-13
CERTIFIED
BY
FEDERAL RESERVE BANK TO TREASURY
TO MARCH 18, 1943, INCLUSIVE
1
4-
1
3-17
3-26
3-17
4-15
4-
2
$
Brazil,
Mar. 13
$
.297733*
6-
1
5-15
.237044*
3.228000
.237044*
.060586*
.060586*
.060586*
.051275*
.051275*
.051275*
.051275*
Free
Canada, dollar—
1
5-15
3-15
Official
.909090
.909090
.909090
1
1
3-19
Free
.897578
.897578
.897578
4-
4-
1
3-15
5-29
5-14
8-31
8-15
3-30
3-17
.572200*
3-29
3-15
25c
4-
1
3-15
3-31
3-15
.909090
.909090
.909090
.897578
.897968
.898750
.572200*
4.035000
4.035000
.301215
.301215
.301215
.301215
.301215
.205725
.205725
.205725
.909090
3-15
Union of South Africa,
3-19
3-10
Uruguay, peso—
Controlled
4-15
3-15
Noncontrolled
$lMa
4-
3-15
'Nominal
rate.
.572200*
.572200*
4.035000
.909090
.909090
.909090
.909090
•
.
.
.205725
.909090
.895208
pound
3-30
1
.051275*
—.—
.895208
.895208
.895625
.896250
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
pound
—
.895208
3.244203
:
Free
3-25
1
.060586*
.051275*
.205725
dollar—
25c
4-
.572200*
4.035000
.060586*
.301215
Official
New Zealand,
.572200*
4.035000
M
3.228000
3.228000
.205725
$1%
}$1%
4.035000
S
$
.297733*
3.228000
3.228000
6-
Mar. 18
Mar. 17
.237044*
.060586*
Mexico, peso
Newfoundland,
York
.297733*
'
4-
:
.237044*
.237044*
cruzeiro—•
England, pound sterling
India'(British), rupee
\'~r A>
.297733*
.297733*
.237044*
3.228000
pound-
Mar. 16
Mar. 15
$
.297733*
Free
Australia,
1930
y:-*:
Value in United States Money
Mar. 12
Official
;
Buying Rate for Cable Transfers In New
Country and Monetary Unit
Argentina, peso—
UNDER TARIFF ACT OF
12
Noon
3-22
3-23
RATES
3-22
4-
EXCHANGE
MARCH
3-22
4-
FOREIGN
$lVs
—
4,697
3-31
$1M4
7% pfd. (quar.)_
(quar.)
preferred A
common
+ ::
'
—
—_
18c
(s-a)
7,759
direct
-<"+
Certificates
tifying daily to the Secretary of the Treasury
4-10
4-23
Pursuant to the requirements
3-18
25c
pfd.
10,193
/M
$1%
common
5%
+
Foreign Exchange Rates
M
Colombia, peso
(quar.)
Snowdrift,
Power
securities,
guaranteed:
$la/4
Indies Sugar Corp.,
27,406
52,082
—.1.110
+M 2,555
'
12,968
50c
——
—
5,023
advances
Govt,
S.
25c
__
+
+
15,513
+
5,170
discounted——
50c
Inc.
West Penn Electric $7
West
•)
Fixture—
Co.
bills
$2 Ma
—
(quar.)
87,247
—
137
21,136
—
20,838,140
Official
(quar.)
Mfg.
2
3-31
25c
(quar.)
Wellington Fund,
Wentworth
8-
3-31
$1M4
participating 1st preferred (accum.)
Welch Grape Juice, 7%
pfd. (quar.)
preferred
3-18
65C
"
of the principal assets and
4-17
$l3/4
(accum.)
Co
$2
7%
1
3-26
25c
(quar.)
(s-a)
Showcase
5-
30c
.
Weber
3-20
15c
Washington Railway & Electric Co.—
5%
preferred (quar.)
5% preferred (s-a)
Waukesha
1
m
__
____
Co., $7 preferred
D.)
Wayne Pump
4-
75c
—;
—
summary
8
3-31
$1
(irrreg.)
common
(quar.)
36,512
—
40,835
390,639
3-20
$1%
(quar.)
Corp.,
preferred (quar.)
Agricultural
Warren
3-
$4.50
Waialua
$3
1
$1%
(quar.)
(initial)
domestic banks increased $45,-
000,000 in New York City and $53,000,000 at all report¬
ing member banks, and declined $19,000,000 in the Chi¬
cago District.-
8
4-
15c
pfd.
com.
United States
in New York
City and $248,000,000 at all reporting member banks.
A
20,406,666
3-20
$ 1 Mi
....
7%
Co.,
Cotton,
Baking
preferred
7%
7 3-
37 Mac
preferred
Wabasso
1
M
62 Mac
_
(quar.)
Detinning
Wagner
l
37 MaC
common
Wabash Railroad Co.,
4%%
7
25C
—
reporting member banks was $811,000,000.
Government deposits declined $144,000,000
Deposits credited to
and
notes
3-25
4-
44-
$1%
(quar.)
Co.,
preferred
Vulcan
—
,
R.
1
$3
(irregular)—.—
(quar.)
1
$$1M4
Victor-Monaghan, 7% preferred (quar.)
Virginian Railway, 6% preferred (quar.)
Common
9-
12-
$2.50
_
(s-a)„
_
Works
9-10
12-10
$2.50
(s-a)
(quar.)
preferred
preferred
1
$1.75
Vicksburg Shreveport & Pacific Ry.
5%
-
$1.75
(quar.)
Vermont & Massachusetts RR.
Viau,
15c
fund—F.
reserves
Total
deposits-adjusted increased in all districts,
the principal increases being $354,000,000 in New York
City, $117,000,000 in the Chicago District, and $61,000,000
in the San Francisco District.
The total increase at all
3-18
$2
—
member banks.
all reporting
Demand
4-16
$2
—
5% prior pfd,
(quar )
5% prior preferred (quar.)
1
62MaC
(accumulated)
bonds
$50,000,000 in New York City and $93,000,000
Holdings of United States Government
3-16
._
5% prior preferred
;;'-7- 2
62 Mac
(quar.)
common
ber banks.
37 MaC
_.
Utica Knitting Co.,
7-15
2
—
pfd. (accum.)
Co.
(irregular)
Light, $7 pfd. (accum.)
&
4-
:
Holdings of Treasury bills increased $242,000,000 in
New York City and $313,000,000 at all reporting mem¬
5-25
4-15
25c
Products
Common
banks.;
—_
_.
preferred (quar.)
Universal Pictures, 8%
Power
6-10
$ 1 MI
8%
Universal
6-11
$1M4
(quar.)
common
preferred (quar.).—
Universal-Cyclops Steel
Utah
6-14.
6-25
Sugar Corp.—
6%
Universal
3-19
1
6-28
$27
7
6.4% participating conv. pfd. A (quar.)
$5 preferred (quar,)—.
$5 preferred (quar.).
U. S. Trust Co. (N. Y.) (quar.)——
States
4-
25c
1st preferred '
non-cum.
United
$811,-
decrease of
$248,000,000 in United States Government deposits,
r
Commercial, industrial and agricultural loans in¬
creased $48,000,000 in New York City, $17,000,000 in the
Chicago District, and $68,000,000 at all reporting member
000,000 in demand deposits-adjusted, and a
3-16
4-
50C
________
Potash Co., common
U. S.
U.
8-31*
balances with Federal Reserve Banks, and
5-31*
,9-20
50C
(quar.)__
—
—
Increases of
$199,000,000 in
reserve
a
_
6-19
50c
—_
—
,
50C
50C
.
' ■"
t
the following principal
$313,000,000 in holdings of Treasury bills,
United States Pipe & Foundry Co.—
Quarterly
hand
Treasury..
Bonds
reporting member
3-10
1
'43
MM MaLa'v
on
S.
Total bills discounted
>
and
the week ended March 10:
changes for
$1.75
Class
The condition statement of weekly
pref.
pr.
U.
M-'M Notes
3-15
1 •'
Increase or Decrease Since
Mar. 10, '43
Mar. 18, '42
.
cash
Other
Member Bank Condition Statement
Cortf.—/ty
(accum.)
Leather
States
'
.
1
4-
9,809
by'U. S. Gov't obligations, direct & guarant'd
U.
3-15
1
v,
.
Secured
3-20
4-
Gov't.! accounts,
'
certificates
Other
'
~
account of accumulated dividends.
: ' ; :
' " .■.'//
+
in Canadian funds, tax deductible at the. source.Non¬
resident tax, 15%; resident tax, 2%.
a Less British income tax.
3-23
30
"
(In thousands of dollars)
Industrial
3-31
$1%:
*
••
3-15
'4-10
50c
—
dividend.
3-15
,
$2 Va
preferred
1st
$5
1
1
$lMi
(quar.)
(quar.)—
U. S. Gypsum, common (quar.)
7% preferred (quar.)
U.
4-
4-
this
3-15
?.
53C
58V3C
for
83
'■■■■■2
+
Bills discounted:
income tax.
closed
934
11:
—
723
31
•
•
'
Redemption
tOn
Foreign Securities Corp.—
&
$6
4-
50c
prior
6.36%
not
S.
-
due from
JPayable
United Light & Railways
6%
Jamaica
books
288
'}
53
+
9,562
^
Mar. 17,
5
9-15
50c
30 %
Less
6,987
1
Reserve Banks Combined
'
,
Gold
6-15
_
•Transfer
,
——
_
x
811
*"•
—248
Statement of Condition of the 12 Federal
Total
United
U.
week
during
1
50c
Quarterly
3-31
10c
+
deposit accounts except
and
3-11
50c
11'
_
31
'
demand
to
,1
_
32
+
■
3-20
(quar.)
Quarterly
4
3-15
$75c
(quar.)„!
pref.
class A
6%
United Gas Improvement Co., common.—.
-T—t.'
Assets—
(quar.)
751
22
32,116
5,441
2,743
.
.
preferred A
5Mi%
423
+
'
deposits
banks
Domestic
United Fuel Investments—
4-
;
Foreign banks
Corp.—
preferred
31
+ 199
2,603
banks_>_nrL^—
deposits-adjusted
3-11
25c
_
—
524
deposits
3-19
•
5-20
$l3/4
'
_
3,265
9,550
:
-
3-20
15c
_
807
1,913
—,
Borrowings
3-20
50c
Co.
_
3,856
6
—
5-20
? r
$i%'>;
h
preferred ,(quar.)_
93
2-25
M
—
'—
1,771
4
.
Interbank deposits:
3-20
•
4-
noc
25c
_____
'M
$14
$12
■
18
vault
U, S. Government
'
__
—
Liabilities—
Time
5,034
4,117
+
_a__
Balances with domestic
3-20
1
(accum)
Portland
3-31
$l3/4
Mines (quar.)
Jr. (monthly)—
_
1
3-29
10c
.1,—„—
(accum.)
7%
3-11
50c
(quar.)
——
B
3-11
25c
—
A
4-15
•'
1
3,319
33
+
Federal Reserve Banks
with
Demand
25c
+ 313
! 13,487
notes
securities
in
70
27
504
+»''V7' ,5,034
indebtedness
of
Obligations guaranteed by U. S. Government
5-
Zion's Cooperative Mercantile Institutions—
3-18
;
1
77
10
—
4,557
___,
.
54
+
1
—
56
1,384
—._
bonds
S.
Youngstown Sheet & Tube—
3-22
4-
$2
—
——
—
pfd.
common
non-cumulative
4%
5-
(quar.)—___a__„—
Co.
(Rudolph)
Yosemite
3-10
3-22
15c
$1 Mi
(increased)—
Corp.
Co.
1
4-
$1.50
(quar.)—
——
<
4-
U.
$1
_____ —
preferred (quar.)_
7%
1
———'-a
6%
_
Class B
5
10c
—
—
(quar.)
3.
1
4-
3-
$lMa
—
Yellow Truck & Coach, common
3-22*
3-31
75c
1
M
.
certificates
Treasury
4-
_
_
Power,
& Towns Ml'g.
Yale
,
——
(s-a)
Carbon
3-10
1
SIMa
_
•
3-15
1
4-
50c
95c
(irreg.)
com.
common
preferred
3-31
37 Mac
4-
$1 Mi
(quar.)_
__
__
Wurlitzer
1
4-16
J25c
______
Bi-monthly
3-15
"
common
United
4%
_
Treasury
(quar.)
(Wm.)
Extra
3-31
■
3-13
Co.
preferred
preferred
Wrigley
7-24
2
4-15
Treasury bills
4-
25c
banks
to
$l3/4
Wright-Hargreaves
11-10
3-31
50c
(quar.)
RR.
6%
25C
——————
(quar.)
preferred
7%
9-10
t$l%
:
Fisher
Carbon
Investment
5-10
8-
$5
,
1
11-15
25c
3-17
$1.75
—
__
Worthington Pump & Machinery Corp.-*-
3-19
8-14
■
3-24
preferred (quar.)__—
preferred (quar.)__
Lothrop,
preferred
7%
3-19
5-15
25c
~-r~
Bennington RE. (s-a)_——
Tobacco, 7% preferred (quar.)
Twentieth Century-Fox Film, com. (irreg.)
.$1.50 convertible preferred
(quar.)
208 South La Salle Street Corp. (quar.)
1
Iron
&
1,176
Other loans
—
Woodley Petroleum
__—-
198
—
carrying
purchasing or
loans
estate
Loans
_
Woodward
333
3-20
A
Woodward
3-15
1
4-
'
4-
(Dallas) (quar.)
&
7/6%
3-13
$1 Ma
Tuckett
Elliott
3-15
1
4-
t$l
Real
1,155
9
—____
for
securities
3-20
Extra
3-20
3-31
J25C
—
(quar.)_^—
1
4-
3-12
1
76
1
(quar.)
(quar.)—
Co.
1
226
loans
$lMa
Electric
Oil
4-
1,923
—
68
+
5,804
509
Other
V,
—
and agricultural
.___
to
1
preferred
6%
8
10,827
+
29
brokers and dealers in securities
Loans
4-
——_————
Wisconsin
Wiser
3-
$1M4
__
(quar.)
Extra
3-20
1
4-
58 MaC
(quar.)
Co.
Common
3-24
25c
11. 1942
+ 391
—
9,488
Open market papers
3-n
•
3, 1943
41,861
—;
4-
_
_
5
—
(quar.)
Extra
3-
loans
3-15
:
~
__
_
Commercial, industrial,
$1
_
Common
2-25
1
1
_
___
$13A
Extra
3-26
5
4-
50c
Insurance
3-11*
3-29
50c
——
4-
i:
March
*
*
"/
investments—total
and
or
Since
March '*
March
10, 1943
/•''
Assets—
Loans
1——
—
7%
Water,
1
J20c
(quar.)
(quar.)
Wilsil, Ltd. (quar.)
Winstead Hosiery, common
3-15
V.
Co.
1
4-
»
dollars)
of
Increase (+)
3-19
4-
25c
SIMa
(quar.)
millions
Decrease (—)
•"
3-22
4-15
50c
(quar.)
(Wm.), 7%
1
4-
$1M4
Ltd. (quar.)
Corp., common
Motors
Wichita
5*
3-
4- 1
$ 1 Mi
25c
Union
3-12
4-
75c
iin
,
Loans—total
(George),
preferred
7%
—
preferred
6%
3-15
1
-
(quar.)
Water,
3-15
—
Trusts
&
3-20
1
(quar.)——
pfd.
$6
Trinity Universal Insurance
Carbide
3-20
1
* 62 MaC
Mortgage Co. (quar.)——
Tri-Continental Corp., $6 pfd. (quar.):
Union
4-15
4-15
(quar.)____
common
4-
(accum.)
Toronto
Underwood
1
Westmoreland
—
preferred (monthly)
preferred (monthly)
Troy
J$2
t$l34
Ltd.,
Inc.
Westmoreland,
3-17
50c
pfd. A
Tip-Top Tailors, Ltd., common (quar,)_—
7%
preferred
(quar.)——■———
Edison Co., 5% pfd. (monthly)-—_
Products
3-20
t20c
Toledo
Trico
$75c
4-15
4-
(quar.)—_
commons
General
3-25
10c
—
Land
Co.,
General
3-31
Weston
—
Products, Inc.—
$5 convertible preferred (quar.)
Tidewater Associated Oil, $4Ma pfd.
7%
50c
15c
(quar.)—
Telegraph-.—,....
Union
3-15
—
(quar,)
Toronto
+$1.20
683/4C
(quar.)
conv.
—
Toronto
(s-a)
;
3-27
(irreg.)
reporting member banks, and of debits to demand de¬
posit accounts, follows:
3-15
1
5-
Thompson
6%
1
—
preferred
5%
3-31
20c
—
44-
—
Western
of Am.
Payahla
SIMa
$1M»
common
Service,
&
Oil
Shovel
Thew
1
Hokwt
When
...
3-15
(quar.)
Western Tablet & Stationery—
25c
Corp.
Company
Texon
9-
Tar
.
than
preferred
7%
2-22
75C
'
1
10c
Taylorcraft Aviation,
Electric
4-15
'
4-
Co.
Co.
Grocers,
Extra
5
J3C
—
(quar.)———a
(G.) Ltd.,
Preferred (quar.)
Texas
Western
2-22
quar.)___
Tamblyn
Texas
3-19
4-
(quar.)
Tennessee
1
4-
4-15
common
common
preferred
Common
1
4-15
(quar.)
(James),
3Va%
1
(reduced
3-
t3c
Transit Corp., common (irregular)
Tacony-Palmyra Bridge—
A
1
25c
Syracuse
Class
4-
Western
45C
shares
bearer
Common
4-
(quar.)
Ltd.,
Mines,
West
3-23
(reduced)
Products
convertible- preferred
4 Mi %
r
'
1 '
Pulp & Paper
:
Virginia Water Service, $6 pfd. (quar.)
1
30C
'
Virginia
West
4-
(quar.)
Electric
Sylvania
1
3-
3-31
'
J
82 MaC
Superior Portland Cement, $3.30 cl. A (quar.)
Superior Steel Corp. (resumed)
Swift
"
Name of Company
of Reo.
fayabli
15C
(irregular)—-a-—u-—M
Mining Co.
'
' '
y
tioiaert
When
rtr
Snar*
*/im« of Comvany
Monday, March 22, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1044
—
3.980000
3.980000
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
.528050*
.528050*
.528050*
.528050*
.528050*
.528050*
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
Volume 157
General Corporation
RAILROAD
PUBLIC UTILITY
-
and Investment News
INDUSTRIAL
-
1045
INSURANCE
-
MISCELLANEOUS
-
>■('
Allied Laboratories, Inc.
Co.—Five-Cent Dividend—
Stock
Acme
(& Subs.)
$15,357,245; inventories of raw materials, work in process and finished
product, $58,069,318; assets identified with certain U. S. Qpvemment
war. contracts
(per contra), $23,317,118; miscellaneous stocks and
bonds, $657,662; deferred accounts and bills receivable (less allowance
of
$659,500 for doubtful accounts. and bills receivable), $981,181;
post-war refund Of excess profits taxes, $147,000; land, $6,379,262;
buildings, machinery, equipment, etc. (less allowance for depreciation
of $81,282,117h $109,902,912;
deferred charges to future operations,
$1,668,071: total, $235,018,420.
.
-Earnings'
Calendar Years—
declared on the
common stock, par $1, payable March 20 to holders of record March. 10.
Payments last year .were as follows: March 20. 5 cents; June 20 and
Sept. 19, 6 cents each; and Dec. 17, 35 cents.—V. 155, p. 2450,. /
dividend
A
cents
5.
of
per
share
recently
was
,
Supply Mfg. Co., Inc.—Class B Div.
'1940,
$2,179,355
$1,628,194
$1,187,087
1,411,922
1,151,265
1,003,943
1,007,086
profit from oper.
$767,433
$476,929
$183,144
$473,836
18,899
11,167
11,281
sales-
on
and, adm.
gen,
expenses
Reduced—
1941
.1.—r--
profit
Selling.,
Net
Aero
1942
1939
$1,480,922
Gross
.
Other income
dividend of 10 cents per share on the
class B stock, par $1, payable April 1 to holders of record March 20.
Distributions on this issue in 1942 were as follows: April 6, July 15
and Oct. 3, 15 cents each, and Dec. 23, a year-end ,of 35. cents.—
11,012
:
,
The directors have declared a
v.
156,
,1856.-.v-',' ■'
p.
Alabama Great Southern
Other
first
mortgage 314%
RR.—Listing—
Tennessee & Northern RR.
operating
of
Net
r~
Total
net
:i
'
40
for
>
12,925
■; /v.
/.'yvv'C.--
Cushman, March. 9, in a letter
debentures, says in part:
3
to the holders of 6%
is
cumu¬
Bauxite,
Arkansas,
■
i
essential
President,
containers
both
restrictions
necessary
Despite
the
first 'half
The
•
ICC
an
has
order
reorganization filed several months ago by the road.
The petition, filed by the insurance group and the
'hank
group
committee, of-Alton-bondholders-,-had
mutual • savings
asserted that the
•plan does not constitute a-plan of reorganization within the meaning
77 of the Bankruptcy Act and is prima facie impracticable.
*of section
-V.
157, p-. 776.
-
-
v
vice
chancellor
reserved
file briefs.—V.
decision
and
on
;;
American Central Mfgr. Corp.—Smaller
for
Calendar Years—
Net
(& Subs.) —Earnings—
1942
1941
$7,224,756
earnings
$6,288,601
Income
20,356
19,590
$7,245,112
$6,308,191
$5,064,084
$4,699,400
t2,780,417
11,393,385
;
$3,527,775
$3,670,700
7,293,911
6.676,378
5,876,313
1130,795
11132,658
(net)—.
—
...
taxes.
Previous
Z
surplus
credit
Surplus
Total
$10,169,258 $10,336,811
surplus
Common dividends
fExchange
Income Account
1942
,
.
for
Shs.
$7,293,911
432,825
$6.57
433,925
$6,676,378
435,700
$8.13
'$8.42
436,400
$8.79
$189,306
$182,197
v
tlncludes
$361,988
excess
transferred
profits taxes.
from general
§After post-war
reserves.
;
$293,274
tRe
Canadian
reserves,
credit of $259,645,
•'•
and
selling,
general
■
■
expenses..
1940
Post-war credit
exchange....
Purch. of etnpl. past serv; annuits.
Plant retirements, etc.—
259,645
24,777,570
454,633
for
719,851
1,083,163
769,156
...w
143,347
-
500,000
*7,850,000
18,845,831
Capital
9,895,992
1,350,000
surplus
Previous surplus
.1,940,598
62,205,064
...
6,063,508
54,914,556
1,227,000
4,658,583
50,255,973
64,668,870
2,473,998
62,205,064
54,914,556
2,473.998
2,473,998
4.03
6.45
5.88
Unreq. bal, in conting. reserves
Total
Shrs. of
Earned
-
surplus
com.
523,208
——_
outstdg. ($25 par>
per share—
"Includes Canadian income and
excess
Assets—Cash
S.
on
hand
1
stock
—
Total
and
Treasury certificates,
demand
-
$2,500,000;
deposits
$16,038,650;
bills
j
val.
declines———1.1
'
•
f
379,174
196,867
f ' 250,000
4.—.—:1':
11,209
4—4,375,000
4,375,000
...i——8,439,058
7,293,911
i—..,Z)r466,023
Dr377,797
...yi..'
.
$17,745,797 $14,692,468
861.
American Foreign Investing
The directors on March
10 declared
a
Corp.—25-Cent Div.—
dividend of 25 cents per share
the capital stock, payable March 22 to holders of record March 11.
Payments last
year
Were as follows:
March 23, 10 cents; June 22 and
Sept. 21, 1*2 % cents each, and Dec. 22, 25 cents.—V. 156, p. 2303.
Ice
Co.—Stockholder
Invokes
New
receivable,
v
f'
''
SEC
.Proxy Rulesproposals made by a stockholder calling for changes in the
policy .of the company are included in proxy notices sent
the company. The stockholder, Austin Agnew, in & statement
'to the press, said he believed this was the first utilization of the
Tecently-enacted .Rule X-14A-7 of the Securities and-Exchange^ Com¬
mission! requiring -inclusion of such proposals in proxy notices.
■) ■
r
'
■; I
,
.i-f !• '
li.:•()■ f
■ . •-*.'
.•
•
Three
out by
.
and
inv.
$2,825,313
481,837'
208,2l5,1
financial
in. banks,
accounts
"•
' $4,446,501
J
—
—
157, p.
$17,745,797 $14,692,468
and advertising expenses—
_L—
surplus
Reacquired stock
-V.
——_
—
profits taxes.
Consolidated Balance Sheet, Dec. 31
)
credits
American
——
stk.
—
future
Earned
2,886,331
9,895,992
fpr
17,440,906
2^86,331
8,040,493
:—
8,170,400
10,529,600
5,550,000
*4,625,000
12,867,422
/
-
Balance,
.583,095
■■■,
Reserve
Deferred
—
■
reserves
on
:
———:
Liabilities—-.
Reserves for selling
523,195
282,966
2,886,331
year
2,490*591
I
.charges^
Current liabilities
39,939,431
25,497,421
397,934350,354
412,048
dividends
dividends
-
671,964' ;
2,332,736
Total
,
Federal excess profits taxes—
income
39,484,798
497,522
years
Prov. for post-war contingencies...
Federal income taxes.—......i
Net
<
i.
Goodwill, patents and trade-marks...
Deferred
27,076,814
324,822
—
and
Common
* •:
...
■
General
to-prior
'h
Sheet, Dec. 81
v
v:'
1942.... : ;■ ,1941
•
Cash and marketable securities_.^i^.U-.^i—.$2,176,930. $2,207,590
Accounts, receivable
1,053,708
1,998,665,
Inventories
.—y.
6,983,711
7,152,457
Advances—Chicle purchases.-..^—...„
3,116,988
1,318,598
Investments
55,174
36,411
Assets—
■
1,106,828
—_
applic.
v-'"-;"'--i-v
•'-'"
Consolidated Balance
,
—
.
income
(net)*•■Dec, *$1,'
prior year's tax
assets
HUnused
'
1941
.
•
Depreciation
•
1939,
.
Preferred
1,499,999
$5,876,313
■
25,969,986
"-Adjusts,
(
■
share:.—-,.
deducting:•„'i
•After
Years
for
Interest
$9,547,013 $10,107,413
2,832,750
2,731,100
37,886
3,042,900
stock (no pari
com.
Earned per
won."
Calendar
profit
Total
6,272,859
.
$8,439,058
—I......
Surplus
182,803,616 216,883,151 165,592,241
depreciation—7,545,367
7,522,679
7,145,413
Other income
864,847
•
$3,834,553
1,730.200
■
adjustment.
of goodwill,
^...^-(.-..^^..2':.,
etc.
of
sales
Gross
$4,624,527
74,872
Writedown
216,318,969 263,890,628 197,515,224
Provision
4,861,384
$4,999,426
64,658
5t4,400,560
income
Gross income
'
and admin,
$9,485,812
$2,844,552
Other
an
of
1939,
1940
company
in the lace of
use
:
March
on
common
"Gross profit from sales $12,772,487 $12,563,080 $10,288,821
Selling & adm. exp...—.
5,547,731
6,274,478
5,289,395
•'
military
the
on
American Chicle Co.
.
requirements of containers ior
and our allies as well as to
civilian and
Dividend—'
17 declared a dividend of 25 cents per
stock, par $1, payable April 15 to holders of
record April 5.
Distributions of 35 cents each were made on May'21
and Oct. 1, last year.—V. 156, p. 1321.
- v
J
,f
^
directors
The
share
essential metals.
sales
Cost
counsel two weeks
gave
157, p, 986.
Net fixed assets —i.'
U.
■
;
.
repair of equipment when the war has been
Net
to; Dismiss Plan—
of institutional investors that it
hearing be held upon a plan of
The
in which to
many
-vyl"
Market.
denied a petition
directing -that no
was asking
to be paid at the rate of "$1,000'an hour."
Thorpas
Armstrong, counsel.for. a preferred stockholder, supported Mr. 0'Ma,fa's
argument.
Saul Zucker, representing a common stockholder, urged
the court to grant Mr. Unger's application.
/
1942 sales
•
/
•State Senator Edward J. O'Mara, for the company; maintained that
court had no power to divert part of the dividends as a fee;and.
held further that it was "entirely too large," arguing that Mr, Ungef
the
1942, when metal restrictions were not in full effect,
increase over the previous year. He pointed out that the
figures in the statement did not, include shipments by the
wholly-owned operating subsidiaries, The Amertorp Corp. and Am¬
munition Container Corp., which manufacture torpedoes and containers
under government, contracts on a cost-plus-a-fixed-fee basis.
Discussing the outlook, Mr, Sullivan said, "it may he stated that the
company's plants will be capable of immediate return to production
in normal lines of business, with practically no
delay for rehabilitation
showed
If this proposal is accepted as above provided, there will be delivered
•enter
/
told stockholders that, first the
—
•
the case."■
;
.
Alton RR.—ICC Refuses
of
problems encountered when steel for civilian
purposes was materially curtailed in the latter half of 1942, net sales
for the year amounted to $216,318,969, the
report said.
This 'was
the peak sales volume of the company's
history, except fdr 1941, when
sales, mounted to $263,890,628.
The report noted that sales in the
hereby proposes an interest payment to its debenture holders
-equal to 16% of principal provided the holders of at least 75% in
(principal amount of the .debentures now outstanding evidence their
.'desire to accept such payment in the form of participation certificates
;in the' above-described Allerton New York. Corp. bond and mortgage
.by executing the letter of: transmittal prepared by the company, and
(delivering the; letter together with their debentures to the Empire
Trust Co., agent, 120 Broadway, New York, N. Y„ or any successor
.agent hereafter appointed.
This proposal may be withdrawn by the company by fil'ng a wr'tten
(notice to that effect with the agent at any. time: after May .30, 1943,
.if it has not been accepted as above provided on or before that date,
the Over-the-Counter
v:
...
Sullivan,
company
in
Co.
former Cuban Ambassador to the United States.
Mr. Unger, who represented Mr. Cintas in the latter's action to
prevent the company from paying.$600,000 in common dividends until
the accumulated preferred dividends for 1936 and 1938 were
paid,-Justi¬
fied his fee on the ground that not only his client but 2,500 other
preferred stockholders benefited from his successful prosecution' pf
the
able to furnish promptly extensive
Consolidated
participation certificate;
Iwith respect to a $500 debenture, an $80 participation certificate,, and
with respect to a $250 debenture, a $40 participation certificate,
1
Each participation certificate will be in registered form and will be
-Issued in the same name in which the debenture is registered.
The company makes no" representation that there will be a market
in the Over-the-Counter Market for the participation certificates and
no .representation
as to the market prices for the certificates, but it
does anticipate that it will be possible to sell and buy the certificates
Aluminum
Co.—Fee Asked in Divi¬
Foundry
,
approved
the
the accepting debenture holders
Cintas,
on
the
&
Milton M. Unger, Newark attorney, applied before Vice Chancellor
Henry T. Kaiys, Jersey City, N. J., March 15 for a fee of $301,000 for
his services in obtaining for preferred stockholders of the company
$2,399,540 in dividends as a result of a successful suit by Oscar B.
Tenn., and at Badin, N. C.—received increases of 8 '/a cents
10, 1942.
The Bauxite plant at that - time was hot included
1
a. $160
plant .of
Car
dend Suit—
-
Second, the engineering and manufacturing skills of the organization,
said, were' applied rapidly and effectively to the production of
many items of armament.
; ( ;
v>,.
'■'Third, and most important in its effect on both the military and
civilian fronts, he continued, was the company's contribution to the
development and application of substitute materials and coatings and
new
techniques of manufacture to assure a continuing supply of
or
by or on behalf of the c'omnany to
'with respect- to. a $1.-000 "debenture,
was
declared the regular quarterly dividend of 25
the. common stock, payable March 31 to holders of
Distributions
p. 517.
American
he
1
consideration the directors have authorized and
hour
per
have
on
19.
last year were »as follows: March 31,
cents; June 30 and Sept. 30, 25 cents regular and 10 cents extra
each; and Dec. 28, 25 cents regular and 50 cents extra.—V. 157,
packaged foods for the armed forces
provide spec:al-purpose containers, for military' needs arising immedi¬
ately after the start of the war.
%
certificate has been paid regularly since the time Of the
delivery of the. bond and mortgage, on Feb. 14. 1936.
of Allerton New York Corp.- taken from an audited
report for-the year ,1942. are as follows:^
-t
Gross income from all sources-—$1,089,595
v ,
;
$95,699
the
NWLB
J.
M.
was
and
charges, etc
cents
Industry.-
figures
V
5
March
25
America—Wage Increase—
of
directors
record
company in its annual report outlined to stockholders its three major
channels
of
participation in the war program of agriculture and
ticipation
i
The
.cents..per.share
payable,
American Can Co.—Annual Report—
,
;
par
,
With Its machine shops at the close of 1942 devoting more than 80%
of their entire production capacity to war work and its container
factories turning out many types of war supplies
and equipment,
,
.
stock,
American Brake Shoe & Foundry Co.—25-Cent Div,—
increase of 5 cents for the Bauxite
workers in order to remove the inequality which resulted from the
grant to the other plants, prior to wage stabilization.
The company's
past practice has been to give uniform general increases to thg three
plants, maintaining a differential of 6 cents between the Bauxite plant
and the other two plants.—V. 157, p. 686.
(
•
taxes, maintenance,
v
repairs,-replacements, etc.——965,617
Interest on 4% first mortgage bond—.—
21,400
Interest on 4% income mortgage bond
>
6,880
Feb,
The
posed below, substantially all of its $92,000 certificate of participation
in the 4% income bond and mortgage due July 1, ,1955 of the Allerton
,New York Corp. (herein referred to as the participation certificate! in
reduction of the accrued and unpaid interest on the debentures which
amounted to $375,236.25 on Dec. 31, 1942.
■
i- • v :
The participation certificate was delivered to the company to evi¬
dence a loan of $92,000 made by the company to the Allerton New
York Corp. in 1936.
The company made this loan, pursuant to a plan
of reorganization of the Allerton New York Corp., in consideration of
a release by the latter corporation and by the
holders of certain of its
bonds from any claim that the Allerton Properties Corp. was obligated
to guarantee any such bonds then outstanding.
- . "
w...
Full interest on the 4% income mortgage bond underlying the par¬
expenses,
increase
in that order.
,
After extended
1942
*
By order of the NWLB, the other two Southern plants of ALCOA—
on
has used part of its cash resources from time to time
purchase and deliver to the trustee under the indenture dated as of
Sept. 1, 1931 pursuant to which the debentures were issued, for can¬
cellation, a total of $346,250 in principal amount of the-debentures,
thus reducing the principal amount of the company's funded debt from
»$910,250 to $564,000.
These purchases were made at an average price
substantially under the present market price of the debentures.
The directors now feel that it would be feasible .and in the best
interests of the debenture holders to split up and distribute, as pro¬
for junior
dividend of 25 cents per share On the
$1, payable April 5 to holders of record April 1.
Payments last year were as follows:
April 6 and July 6, 37'/a cents
each; Oct. 5, 25 cents, and Dec. 21, 37Va cents.—V. 156, p. 1412.
,
The company
Balance
SI
,
The directors have declared a
common
other ALCOA plants received general increases in 1942.
The
plant received total Increases of about 9 cents above the
January, 1941, wage level of 52.3 cents, but received no general
plant-wide Increase.
•
•
(
to
v
aud
1940,
Bauxite
31, 1942, a period of over ten years.
Operating
statement
in
AU
initially issued in the early part of 1932 pur¬
suant to the plan of reorganization of The Allerton Corp., the prede¬
cessor company.
At the time of the formulation of the plan it was
expected that there would be a considerable and lasting recovery in
New Ycrk hotel earnings and in New York real estate values.
This
expectation has not been realized.
As a result, the present company
has made only three payments of one-half of 1% each on account of
interest on the debentures between the
time of original issue and
Earnings
above
ing agent for the employees,
Income
execution
the
$50,944
The effective date for the increase is to be Sept, 20, 1942.
The Aluminum Workers of America, C.I.O;, is the collective
bargain¬
The debentures were
.
in
1941,
$55,565 in
1939.
<
general
at Alcoa,
v
.
American Air Filter Co., Inc.—25-Cent Dividend—
America.
(The) Allerton Properties Corp., N. Y.—Proposes Pay¬
ment on Account of Accrued and Unpaid Interest—
Dec.
1942,
accrued
and
payable
J
Included
depreciation
in
156,880
,
v-.':'/;;;.
which
by the Securities and
stock, ($1 par) value,
from listing and registration on the Detroit Stock Exchange, because
of the company's-alleged failure to notify properly its'stockholders of
•their right to present their views to the SEC.
; ■ The denial was made without prejudice to the right of the appli¬
cant to file a corrected application and to submit, to its stockholders
a corrected notice advising them of their rights.^:.;-;
r: v |
James S.
of $2,500.
March 11 unani¬
mously authorized by the National War Labor Board for the approxi¬
mately 1,100 workers at ithe Republic Mining & Manufacturing Co.,
Company was denied permission March 16
■Exchange Commission to withdraw its common
lative
for
$59,860
in
Aluminum Co. of
A
Equipment Co.- -Stock Withdrawal
Barred by SEC— ;■
to
149,718
refund
3,833
$388,499
,.
*■$36,422
interest,
&
stock
common
951.
p.,340.y-y,; • ;/,
Allan Electric
on
78,582
$71,515;
accrued State,
locAl
and
miscellaneous Federal taxes, $43,938; accrued wages, commissioris and
other accruals, $34,456; current
maturity of long-term debt, $70,000;
provision for Federal and State Income, $318,750; note payable, 3J/4%
payable $70,000 Annually to Oct. 1, 1952, $630,000; deferred income,
$52,228; common stock (249,530 no par shares), $1,247,650; capital
■surplus, $742,378; earned surplus, $1,146,572; total $4,357,487.—V. 156,
*$23,497
157,
$146,984
145,968
$450,636
..
Liabilities—Accounts
,
'
income—
available
$340,241
$38,121
p.
"Deficit.—-V.
2,390
Balance Sheet, Dec.
*■$23,537
—
.Deductions from gross income.
Balance
38,399
4,061
-
8,339
in: banks and on hand, $349,393; accounts and notes
(less reserve for allowances and doubtful accounts $57,120),
$450,179; inventories, $1,887,252; cash surrender value of Insurance on
lives of officers, $58,619; investments, $8,288; prepaid expenses and
deferred charges, $79,631; post-war refund of excess profits tax, $2,500;
plant and equipment (less reserve for depreciation of $490,550), $1,521,624; total, $4,357,487.
••
...
11,978
Gross income
\
146,209
286,750
"22,500
$1,000,000;' accounts
for'-Fed¬
identified
with certain U. S. Government war contracts (per contra), $23,317,119;
ten-year 2%- debentures, due Feb. 1, 1951, $10,000,000; reserve for
compensation insurance, $5,000,000;
contingency reserve, $1,558,595;
7%
cumul. preferred stock
(par $100), $41,233,300;
common
stock
(par: $25), $61,849,950; earned surplus, $64,668,870;- total, $235,018,420
—V. 157, p. 776.
•
727
•;
Assets—Cash
■>$11,559
•feyenue_L_—~il._:i_-—
jaccrualsr-.-7—
!
631
loan,
expenses, $11,938,682; dividends payable, $2,577,081; reserve
eral and Canadian taxes on income, $11,874,824; Liabilities
receivable
23,739
Revenue—i_——
Non-operating
.
1,373
Note—Provision
to
40,756
4,910
46,948
-----—--
.w-,—
operating
1,029
.
and structures——————
equipment——
General expense
-u-T~
■.Railway'tax
13,477
.amounted
Corp.—Earns.—
Traffic
:Transportation
5,906
profit..
Divs.
1942
$143,836
——39,042
J
revenue
Maintenance of way
Maintenance
3,944
"After post-war
Month of December—
Total
i
9,192
Liabilities—Bank
$485,118
deductions
Net
,
;
1
$194,311
income taxFed, excess profits tax.
income tax—
<.
Alabama
$495,828
State
authorized the listing-of $9,500,bonds, series A, due Nov. 1, 19.67.—V. 157,
p. 861.
$778,445
Federal
The New York Stock Exchange has
000
—1—-
..I'—„._
Interest
<••':,;;y
•
Income
Total
■
.
.
Mr.
In
which it had acquired.
proposal, Mr. Agnew seeks
stock
second
his
6%
buying
its
B.
own
The
the
has
it
bought
company
Gas & Electric Co.
American
Dec.
.
.
Operating
9,300,867.
———2,917,528
•—^..T—360,501
1,124,449
"Operation
Maintenance
Depreciation
Amortiz.
8,333
807,746
7,549,069
1,229,023
242,500
846,044
843,330
9,670,680
taxes
Other
,
Income
33,321
funded
on
23,400,137
7.288,765
7,291.079
;
58,701
-401,020
323,640
Divs.
9,627,719
of
come
Gas
Amer,
•
subs,
Undistrib,
Divs.
•
on
Divs.
mitted
Int.
v
63,839
70.100
2,647
37,572
43,638
1,330,159
1,628,618
13,324,483
15,994,516
1,036,128
1,126,074
deducts,
90,640
92,928
1,095,071
pref.
stock—,
140,767
140,767
1,689,209
stk.
1,031,438
1,324,332
9,634,821
on
Bal.
for
earn,
com.
"After'deducting
for
the
837,685
904,381
70,590
67.313
:
net
exp.,
679,595
810,629
'..
other
and
Divs.
—
—
and
Taxes
Int.
adv.
and
649,978
the
month and
one
year
as
a
12,143,105
10%- post-war refund amounting to $136,317
$1,181,296 for the twelve months ended January
Income
Federal
the
If
restated
be
to
were
enacted
as
.—V., 156,
in
and
Profits
Excess
the
reflect
to
for
Taxes
of
provisions
the
the
/"'V;,/'''''"■/
"•",
"Tx
Stock—
.
•
evolved
the
.At
annual
act upon
the
of
to -be
meeting
held March
the stockholders will
23,
for
the
Act..
exemption
Co,
from
American
Power
Co,
States
and
electric
all
the
v;'.,-L
.
.
known -as
the
Sault
operated
now
Valley
Electric
California
Water
Co.
American
States
System,
will
of
at
the
time
administrative
and
have
been
11
^
Txr
Net
Net
.
revenues
March
-group
V.
?
of
$6,297,226
i
9,'140,628
•
for
the
increase
week
or
12.62('r
of
■
■
spending week.of
Comparative
five
1942.
-years' follows:
output
$3,320,021
$1,895,856
Feb,
of
71,714,900 kwh.
;
report for the week
J
'
734,311
,
.'-.v-
•;
"
.
year
35,326,414
53,915,710
the
61,225,000
51,144,000
45,493.000
moisture
61,282,000
50,865,000
45,301,000
equipment,
61,800,000
52,115,000
45,149,000
a
80,762,000
71,715,000
61,855,000
50:439,000
" y;ir^r
45,138,000
offset
'
on
March
17
April
to
•Operating
!
share on
per
retire,
res.
oper.
Interest,
and
etc.,
Santa
report-E.
Engel.
,
Dec.
same
10,
last
V;!!'<'!•
•■'•■'-■"
;>-!
-1943—12 Mos.—1942
$13,419,145
favorable
labor
$318,954
$3,084,315
weather.
1,107
19,191
(established dn
1941;
$3,103,506
157,901
164,849
1.926,257
at
*
an
increase
Mr.-Engel
1942
of
of
of
$155,212
$1,177,249
the period.
948,932
.
$2,074,287
-
.
949,265
of
securities
of
announce
stock
the
$1,125,022
"
Co., Newport, Ky.—New Control—
Schreiber,
have
of
that their firm and
purchased
the
company
is
11,900
above
for
associates, including
investment
company.
contemplated.
No
all
of
public
the
out¬
offering
4,109,671
"2,282,192
2.427,000
;•
$27.79
-
2,427.060
$9.90 % l;
.
"00.94
$2.69
General Balance Sheet, Dec. 31, System
.
road
extensions
S.
and
.
1942
,
..,
1941
*
;
equipment—1,186,408,079 1,163,674,767
during
physical
curr"
and
fiscal
"
7,957,197
year
controlled
cos.
property
Traffic
states
Materials
Interest
28,111;-
,
/
of .$76,266,283
common
on
•
$1,415 <per'employee
.
$9.90
in
ment,
:
;
,
%
1941.
additions
and
Other '»current
Unadjusted
.
and
$31
.
<;
three
of
10,456:434
27,770,716
assetsizLl——2
"•'•;»% 452,528
159,540
2,607,047
" 742,303
debits
:
1,437,202,778
•
4,368,834
"
124,172,800
242,706,000
•
capital stock_^_".L—Z:"'
•Government
grants
•;
-
V"'"':!
equip¬
242,706:000
717,800
—__i3,521.248
and
''3,533,098
■
-debtv_X_304,964,750
Traffic
service 'balances;—"ttxxix "
payable—'
car
Miscellaneous
Interest
...
124,172,800
-
717,800
Funded
per
1,344,861,460
•"■"•:'■ %-.V.;.t-V-
stock
matured,
Unmatured
/Unmatured
323,230,75.0
2,327;459
•
*
17/425,263
16,224881
accounts
payable-"!—: "2,031,532
unpaid_^___„_!L—1,784,435 '
Dividends, matured,
betterments, ^including
unpaid—
dividends
interest
'declared
accrued—
V
945,360
-
1,448,010
94,671
186,912
'
'
ziX*-!-'? V:"6.744,910
3,236,226
5,531,380
3,416,386
.
"Unmatured• rents
tax
accrued—.
•
.
'41,380
—63,482,086
liabity
current
!,
liabilities
.
40.542
16,454,907
;
3,480,150
..2,727,593
"
Corporate"Structure
companies,
165,742
11,859,847
-
/Premium"on
■Accrued,
operating
27,242,332
stock
"Common,
$28,600,000.
years
2,017,677
169,942
Liabilities—
>
Deferred
Atchison,".Topeka ;
.and Santa Fe Rwy. (Kan.) which is the parent.company,- .and Gulf,
Colorado and Santa Fe Rwy. and Panhandle and Santa-Fe Rwy., which,
"are Texas corporations,
have conducted substantially all of the rail¬
road operations of the System, but title to certain comparatively short
segments of the lines which they operate has rested in-a. number, of
subsidiary proprietary corporations.
The number of ' these.- subsidiary ■
many
•
receivable.
.%!".!
Preferred
Other
For
■'
597
-
27{289,799
receivable."—
supplies_.____.L—
dividends
Total
the common stock were $27.79 per share compared with
expenditures for
were
accounts
and
165,000
z-i'-JiLi-2.444,093
4,414,843
Audited accounts and wages
stockholders.
stock.
balance
service
car
conductors—-.
and
%
'555
.
,
were
115,000
3,741,941" > -14,382,815
•Deferred' -assets
military
about 54,000
and
^Miscellaneous
49.Trover the! record figure
that ' this-:.reflects--the'• great s
3,078,061
25,459,051
receivable"iZZ:w%tiZu%i%i;2",
bills
and
8,719,486
v
2,910,677
deposits
Agents
"24148.1,46
.29,179,765
•
in-vestments^„."_x-_j:%^_"„
cash
33,994,852
.
24.478,929
•
and
23,113,343
*
34,103,874
-
,securities-„JZ_.",wti_z%";%1.-,( 74,270,423
Government
Special
1,982,792
896.686
16,746,761
2,427.0002,427.060
v,
Loans
;
1,541,531!
the country.
including
$18,952,901.
is owned by
taxes
-Earnings
mile,
one
cost
a
-Company
$4,057,079
deducts.—
carried
sengers
11,022
$320,061
capital
-
'
outstg.
sh, "common
per
Temporary
*■'
-activity dn -war -work throughout
$4,046,057
$228,317
B.
-"2,427,060
»
Cash/
territory, due to generally-abundant
Progressive improvement tin seed,':
shortage.
which represents
449,000
1,288,000
-
common
Assets—
U.
-1,277,000
and
the
1,776
Dehman Brothers
Norman
standing
7,281,180
v 51,679,822
•('Miscellaneous
-105,000
17
of
$254,587
Steel
v
%6>208,640
"
$iooi
road
"amount
987.
Andrews
;■
•'"8,502,732
30.236,581 "
Ry.
"Investment- in terminal
909,708
Nov.
Balance
p.
z
president,, states that-1942 was-a
J.
jiroprietary corporations at the beginning .of/the year was 37 and in
aggregate they owned about 33.4% of all System mileage; - The
liabilities
Premium
The
•
157.
19,263
12,745,371
fund
sink,
'
r v ;.-"- • •
4,48'S
73,664,352-
15,775,890
V.
&
21,158
'
^
4,377
4,481
^Expenses for additions and betterments and
1,440,574
.Divs. applicable to pref. stocks for
—V.
J.
Investment in
5:734,806
12,
Dividends
$1,166,328 $11,580,517
$252,811
income
22,056^289
'6,208,640 ".6,208,640- >*6,208,640
income
Surplus
.
Fe fRy.—Annual Report-
•Simplification
Net
S.
tpar
,
\
846,454
Aug.
1.
$100," pay¬
par
•
_1—
8.839
-t-
26,391,159
22,712
3,584
dividends
bonds,
Earns,
1,103,475
(net)^^
income
K
30,788
•
dividends
&
Shares
and
some
Gross
Gross
corporate
Preferred
the
far
5.269,273
appro
revenues.—_
income
oper,
oper.
> V
technique,"and the wartime demand* which Called for
maximum "effort, were "Cdntributing factors and much more than "
share
Net
Other
;
95,000
taxes
taxes
■
26,102
-r
r:"-*—
85,923,770. - 43;733,906
misc.
Co.
74,332
April
stock,
L-.r1
expenses-
.Prop,
dividend of $2
a
preferred
1943- Month—1942
revenues
Federal
7'4
$991,311
Operating
of
"Common
523,171
15,
*
.
33,569 ■:
•
,
,
■
and several locals of the union
company
Freight loads in 1942 totalled 1,754,862 cars compared with
for 1941, an increase of 13.8% / / Revenue ton-miles
totajled
•:■••;
Dividend—
Power '& Light Co. —Earnings—
Period Ended Jan. 31—
Other
declared
the
record
.amount were paid on April
year.—V. 156. p. 1857.
Arkansas
OrosS;income
•
Net
144,871
of
1
- on miscell.
properties
423,489
holders
' 62 "i,;; 979
5,751
v
7,605
50,751
50,36.1
25,838
52,481
—-—v-
,
,
v";^Taxes
72,106
15
34,584,862
„
At the same- time pas¬
movements,, totaled 3,,014,000,000, an increase of 127.0%
over last-year, and/37",7%
over the
previous high record for the company.
This heavier traffic resulted
in an increase in gross, earnings .of $136,105,281, or 60.5% ;\> The-final"
result, after expenses, taxes and fixed charges, wasfan dricrease-in'diet,
■earnings' (including other income) * of $43,427;771/; 7 '
v."*'.':'." *'•
Company during-the year paid a total of $20,771,000 as;dividends,
paid $1,956,000 of 4%2% debentures called at 102 on Dee.-1/ 1941, but
not presented until 1942, and reduced funded debt *by" $18;2G6,0G0 par
on
23.724,842
35,841,738
39,693
/
1
*'
147,905
accumulations
of
24,348,628
5,919,258
• 74.389,264
123,912
v'-; 4,660,605
}
207,732
66,233
56,685
lunded debt
"
'S'■---J''■
the
Topeka
annual
70,889,000
directors
28,390,640
43,634,761
-
•
* „ev ' n'om unisceH. oper.
Release or pi ems. on
—•
consolidated; operating in
New York to "Atlanta and as
States,. from
of bumper crops in Santa Fe
72,443,000
The
able
—.—.
n
Other Investments
in
1
United
Atchison
72,279,000
account
v;
$
-
—
•
Miscell. income credits".
between , the consolidated com¬
panies and to retain, as far as possible, the standard ^conditions of
•.contracts in force with the companies involved and in the territories
"covered.
At the same time the proposed contracts attempt to estab•lish wage scales consistent "with prevailing rates.
The...maladjustment
•formula is inapplicable because1 -the company did not come Tnto exist-;
'©nee until September,
1942.—V. 157, p. 126>";
80,140,000
American Woolen-Co.*—$2 Preferred
,
": X-
1939
;.
Maint. of way-& struct,
-Feb. 21 by the National War-Labor Board ,;
The:.adjustments " affect 4,600 employees Of
contracts -between
80,666,000
13
••*:■■''
'?■/!""
1940
designed to eliminate inequalities
were
*.
1939
1940
" 1941
on
Commission. ;
6-—
157, p. 986.
,
$•;?•;•
v
^Maint, of equipment_„^
"the Teamsters Union,
Knoxville,"
-as
The
.r:;\
for the last
.
1942
;approved
were
27—_
Mar.
■
■
•" "V x :
,,
1941
'
*r
^
companies. which ;were "recently
80,358,000
Mar.
'
■
'.Expense
.
Associated Transport, Tnc.^Wage' Agreement
"west
"i
for the corre-.
weekly output of electric energy
1943
20..—
—V.
the
"
table, of
Wit. End.—
Feb.
'
_
the Associated Gas ;& Electric
electric output of
net
12,
southeastern
of the electric properties of this company
March
13,
1943,
totaled
80,762,000 kwh„ an'
over
.
four
4,401,370
energy
ended
subsidiary.
,
Total revenue
361,148,930 225,043,649 170,003,639 160,039,967
Operating Expenses:-. ,
•
:
133,382,387 units (kwh.).
This in an increase of. 115,963,319
13.6 %
above production of. 117,419,068" units a-year ago,—
Trucking
''h
electric
that
A
157, p. 987.
AFL,
;
1.871,646
of
of
1942
Opera ting Revenues:
reorganization,' both to'meet preferred
and To unblock1 the! Restrictions
of earnings "'from ceftain ^
Wage agreements between this corporation and
American Water Works & Electric Co., Inc.—Output—
Output
.
8,101,180
-$12,460,649
.776;'■
dissolution
:
was
...
8,621,318
income
p.
expiration of the year, Rocky Mountain and Santa Pe My,'
its property, being approximately 7.33 miles of railroad; to
certain technical objections may- pre*
immediate
r,
expenses,
The trustees of Associated Gas ■& Electric "Corp."
•ended
$21,184,467 $14,455.906
102,500
57,500
dperating;4ncpme-wi;ti'-^~i-:^--^
157,
and
""
Operating taxes
—V.
the
S. -F.
operating revenues,-
Net
RR,
placed on the upward flow
Weekly •uutput—
•
prior. steps.-r-V. 156,
Operating expenses
,
Western
.
Month of January—
operating
and
Laton
Income Account for Calendar Years, System
.
.
available
units
Uncollectible
of
^Freight.,
284,229,861 185,127,258 136,534,625 127,530,776
,:v,.Passenger.
52,987,080 22,786,021 18,492,634 18.277,823
;'.iMall, expressmiscelh 23,931;989 17,130,370 14,976,381 14,231,367
but demonstrates reasons why "such a -rule must: '.be;^^temporarily
while -extraordinary current "conditions continue,",
>
The letter notes that a certain tamount -:of icash will have (to be
":• /
Telegraph Co.—Earnings—
Operating revenues:
railroad,
of
the* parent- company, although
'vent
,,i
general
.relaxed
-•";
American Telephone &
miles
17.5
'
California Water Co.,
According to the plan
only subsidiary of
the
about
'
the
remain
consummation
following
1686.
p.
Southern
by
Bear
Southern
—L—;
California, 'Arizona:/& Santa Fe
J
!
^6n
r 'eased roads1,557:
1,557 •'
1.595
1,557
Miscellaneous -; rents„^_30,845 " 30,352
30,297
30,794
subsidiaries. V*
!: •'."'.''-"""'■■i-,".-:':;
::
- Miscell. tax accruals..__
184,625 :
193,406 188,709
t 165,045
In
the .preparation of its suggestions,
the general -iprote'ctive conlInterest on funded debt '11,703,415 12,923,296 * 13,152,998 12,990,944
;! mittee was aided by a group of advisers, including "Eisner-& Dabin, " N"lfc';'011 unfunded debt• 168,783 •
149,147 ^ • 96,647 ' 118,033
C.P.A's, its accountants, and Owen "Ely, " financial , editor-*of' ;Public
-®er)a^at;eY ' oper/.- .prop-.;;-;f-'l^s!
" "Utilities Fortnightly.
' •': ;
' 'A "
"■
-^erties, loss
1—
59,337
75,209 "
41,095 ''r. 103,493
■
.;";':":'\;Tr,!;';,-v^';:V;;,"-MiscelL- income. deblts^'R-::;; .76,484
102:164 " ' . 108,910 • - I19,93ii
to divest itself of interest in Grimes Pass
Electric Co., and to transfer to a trustee
proposes
Edison
utilities
addition
being
,
claims
L'.
.
38.72
the dissolution of the Laton Co; will be brought about at an early date.
protective-committee is . at .much pains; in its' letter, to
which
designed to provide
of the company and of the Southern California
provisions of the Public Utility Holding Company
corporation filed with SEC March "4 -a plan
Water
„'
Rwy
Valley
13.63
Angeles Harbor Rwy.!„—„—
adopted. '
general
made
American States Utilities Corp.—Proposes Change—
■
of
pany;
"
company's
The
80.80
Fe
Rwy., all of the stock
which is owned by the parent company, acquired all of the property,
In
("recognize the position "which "the"Securities arid Exchange Dommissidn
has taken, in principle, against "all funded vdebt for a holding com- -
proposal authorizing the directors to purchase 25,000 shares
capital stcck.—V. 157, p. 861.
%•'•"/'
a
28.33
Ihem
issuing
by
and
The
.'
,
; Verde
<75.74
.
—
.
Buy
:■•"
Co.—To
Machinery
Laundry
&'Santa
Santa Fe and Los
^
1942
Act of
October,
s
776.
p.
American
Salina
.
63.79
_
„
Rwy
Central
■
,
year
Rvenue
Rwy.—
81,36
_
the tax charges would be $1,540,012 for
the month of January, 1942 "(instead of $1,050,246)
and $17,639,850
for the. 12 months ended-Jan. 31, 1943 (instead of $18,129,616.)"
1942,
:
41,94
Rwy—
Rwy,L^i;;_-'l,_LXl»g_;j.__^i.'
Fe
Santa
Canyon
Oklahoma
Fe
emphasized that these
1942 by 'a
refund this
credit against payments for 1942 Excess Profits Taxes.
1943.
14.38
—
only -stock in a reorganized company.- It is
"—*
r—v;■' ;
investors "have already suffered "the loss of a
Railway oper. income 86,555,480; 40,506,511 23,187.362 19,220,593
and that this "investment was -not
t-Fquipraent rents, j net) _ Dr2,213,014 Cr599,105 Crl,492,682 Cr635,104
-originally made in an-"outwardly speculative security;, but in someJoint fac. rents, liet, Dr . . 794.857 , 558,826
662,420 - -684,831
thing parading as. a bond." "t.'!■,■■<-t\v.' '
':rZ^?77rZtZ'
•■v-..';,
i,
As. "to the settlement of litigation involving.; subsidiaries particularly
operV; income^- 83,547,609, 40,546,790 24,017,624 19,170,866
the "J.C.F. suit"., brought on behalf of the holders of -Gengas against .
Non-Operating Income:
v•154,733
139,282
•NY PA NJ and certain, subsidiaries,' the "general protective committee
from lease -of road
195,559
, 179,030
348,271
306,748
feels that, however they turn out, it wili simply be - a, transfer,. vfxom
■ root income—
304,929 . •. 325,211
.•one pocket to another,'! and should
hot delay the adoption of a. plan.
- Miscell. , non-operating ;■
•'!:•?;i"
236,705
282,093
;
The general protective, committee's isuggestions are,- in a way, made
hrol}erfcy
:
: 296,916
189,321
741,224
1,031,624
contingent on,immediate resolving of ^the VRe-Cap" issues either by <'^Dividend' income
—
;• 561,816-1 • 1,258,741
755,609
"911,199
the compromise settlement which has been proposed "byiWthdi,Trustees
*nc, from funded^secur.
752,439, ■ 1,109,864
•or by a modification.
The committee states"that it tis; willing to make
Income from unfunded
54,326 •
146,689
^sacrifices under various preliminary settlements if thereby there can
securs. and accts...
101,892 .,,.-18,060
.be assured a satisfactory plan of reorganization whicli can be promptly
Income .from sink, and
r;"i
creditors
Due to the retirement of $650,000 of debt in
subsidiary, it will be able to use $260,000 of this post-war
31,
49.85
——
o
protective/committee
behind the attempt to.salvage
is.to devise'iwiays calculated
going values and .maximum sound.' income to -the
31.21
,
-
•
•large'pOttion" of their investment,
1,689,209
.
Co.——
Rwy.
5,740,724
5,533t725
59,509,400 57,249,35.5
91,571
82,901
4,434,681
4,489,565
310,105
330,546
holding Companies have largely been removed and 'theVmid^'HopsoH:^:^;?^'^:':;:"''1":
v
control
replaced by a benevolent court-appointed management.-' It ;
^Total expenses
198,327,167 156,910,708 129,656,637 125,334^705
observes that the fact that the tax burdens now imposed on corpo'
v;;;
'rations who change creditors into stockholders' have -become so onerous
Net ry. oper. revenue,- 162,821,763 68,132,940 40,347,002 34,705,262
as
to require the devising of some method " that ; will avoid- injuring
Taxes
—
76,266,283 27,626,429 17,159,640 15,484,669
2,277.666
54,165
Fe
Rwy
.Traffic
5,985,569
-to retain maximum
Transportation, -rail line 97,700,115
"full extent consonant with mandatory provisions in applicable laws ..."
Miscell. operations ——
183,124
The letter notes that a plan, such as. the s general protective 'com- s ' General
expenses^wiLv^'-v;5»216,234
mittee
suggests, is made practicable because layers of --intervening v;Trdnsp. for invest. *Cr— ..
—
12,155,932
1,501,706
54,165
stocks
income
Total
2,198,585
9,627,719
1,208,809
3,345
pref.
Fe
Santa
and
and
Grand
YorkVv transferred
After the
,,
Santa
•Minkler -Southern
to
In
2,277,666
2,198,585
1.501,706
stocks.—
above);,
bonds
on
Other
12,155,932
offer suggestions for a plan.'.;
its
letter
of
transmittal,
the
."them
El. 'Co.—
&
(as
common
on
1,208.809
'Eldorado
V.v't
Ynrk
Npw
plan were, subin compliance with the letter which the trustees w (Dennis J.
and Willard L. Thorp of Agecorp, and ..Stanley .Clarke of
sent on Jan. 18, 1943 to creditors and committees- inviting
.pointed out: "The fundamental problem
what remains of value in the assets , .
net in-"
consol.
Undistributed
\
•
nf
general protective committee's suggestions for a
Driscoll
14,433,598
stocks;-"
com.
on
11,826,304
1,501,706
1,208,809
rnmstnek
k
t mm
management, -and others,: and to recommend which individuals,
any, "would be of useful service to Age.- .Creditors, :;InQ,^;.VKy.,.,
Ageco)
Bal. earn, for com. stk.
and
ohnirman
Hocfrm
Santa
Southern -RR.%
and
Elkhart
Edward F.
Jack Lewis
Irvin McD.
if
The
3,931,903
,
"
incorporated in New York State.
•'
■■
;v ;
by the court of a panel of "three highly, competent
and qualified experts of national reputation" to survey existing
-
.
536,40.7
3,884,098
45,064
323,640
pref. stocks
on
plan of reorganization was. submitted by
Washington, member of the committee, - and
counsel.
Other members of the committee are
of
will
early date:
County &
Corona
new
pne
their corporate dissolution
and
company,
"'
Selection
26,192,987
608,637
deducts.
and
int.
Other
Divs,
2,479,047
parent
the
about at an
Inc.,
(2)
3 24,890
2,192,832
601,742
clebt:
of
.
25,868,297
286,489
—"
income
Gross
,Int.
23,113,698
brought
Miles
Electric -Co.—Suggestions for Plan
&
;
'
',:V%
(1);. The merger of Associated Gas and .Electric, Co, - and Associated
Gas and Electric Corp. into a new corporation,
Age. Creditors,
;..•
9,659,350
3,167
Gas
Sv^Suto&^he Xf'p^d^r^
City.
Substantially, tne plan provides ioi.
7,160,003
2,475,880
be
Barton
suggested
II,
bovficua 'of
___
2,159,570
Operating income
Other
The
Kraus
10,580,547
profits
to
property
156, p. 2094.
formation
•Colladay,
8,333
655,417
taxes—
adjust.—
inc.
"Excess
—
Taxes.——
acquisition
"Federal
plant
elec.
of
make desirable their elimination as far as possible,
During the year the following of these corporations transferred their
-pora.fions
share has .been
per
top. holding company, totake, over, . in
behalf of the creditors, the remaining assets of the one-time billion
dollar Associated Gas and Electric System, was recommended March 15
to
the
trustees
by
the general protective
committee,- representing
fixed-interest obligation holders of Associated Gas and Electric Co.
1943—12 Mos.—-1942
'
$
98,788,152
065,724 104,866 ,261
9
35,324,341
,262
3 146,190 34,660
5,156,838
455,290
5,794 ,661
12,795,490
,344
1 086,455 13,397
revenue
cents
50
26, $1.—V.
The
$
$
-
v
.
of-Reorganization of System Submitted to Trustees by
General Protective Committee—
;
:
'
Subsidiaries consolidated
of
Associated
1943—Month —1942
Period End. Jan. 31—
.
California
:'
Subs)—
(&
dividend
A
of
will be considered at the annual meeting
in Plemington, N. J., on March 23.-—V. 156, p. 1947,;.
\
.
declared on the common
stock, payable April 1 to holders of record March 25.
Payments last
year were as follows: April 1, July 1 and Oct, 1, 50 cents each; and
up
proposals
Agnew
..
Co.—50-Cent Dividend—
Art Metal Construction
the stock,
secretly at distress prices."
The company, in its proxy notice, opposes this second proposal, stat¬
ing that the board of directors should be allowed to exercise
'its
best judgment in determining the procedure, time and terms for the
purchase of the company's stock,"
The management also opposes
Mr.
Agnew's
third proposal calling for 'the discontinuance of the
office of chairman of the board of directors.
which
Treasurer.—V. 87, p. 99.
Boals will continue as
the Amer¬
dividends, the management has created the impression that
ican Ice Co. is a decadent business.
This has depressed
and either held or, was'itself,obligated upon substan*
tially all of their bonds and other indebtedness.
The establishment effective Jan. 1, 1943, of depreciation accounting
on
roadway property other than track, the special problems of State
and Federal taxation arising from diverse ownership of System lines,
and the ordinary burdens of accounting, reports, and corporate pro¬
cedure incident to the continuance of these subsidiary proprietary cor*
etary companies,
stated, owns and .operates.the New¬
was
and officers
the Andrews Steel Co. have retired from the management.
Norman
Schreiber has been elected President of the company and H. W.
of
the company
to prevent
preferred stock in any fiscal year in which the
dividend is unpaid.
His statement asserted that, "by withholding
from
it
company,
port Rolling Mill Co., Newport, ICy., as a subsidiary.
Members of the Andrews family who have been directors
among
preferred
Andrews
The
said that the company had accepted his first proposal
other things, for the retirement by the company of
Agnew
calling,
Monday, March 22,-1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1046
on
.funded
debt—;
.
2,104,913
2,222,224
—:
•
——!
.149,028
190,224
205,502,187
198,789,253
.
Accrued., depreciation
3,189.292
Other
unadjusted credits
(—
.10,788,574
Additions,to prop, through inc. andisurp.-— •'..' 88,205,366/
.Funded -debt retired through inc. and -surp.
.-.''533,625
Sinking fund reserves
—
■•
371,768
.'Accrued amortization of defense projects.!—.
.;
5,198,738
—
—
Profit.and
loss
balance—
—...
,350,170,319
88,276,415
;
533,625
•
,371,763.
307,402,791.
-the
company held, directly or indirectly. ..substantially: all
of the other operating companies and of the subsidiary
parent
stock
of
the
propri-
Total
-V.
157,
—
p.
987.
—„
1,437,202,778
4344,861,460
Volume
•
Artloom Corp.—To
of
Distributions
and
10
cents per
stock,
common
«ach;
Pay Smaller Dividend—
last
year
were
to
follows:
as
declared on the no
holders of record Marco
has been
15
10, 20 cents.—V.
Dec.
on
share
April
payable
25
May
and
Sept.
1,
15
par
U.
,
S.
the
line
Belt
of
of
Line
Feb.
on
railroad
through
2,000
16
shares
the
authorised
of
the
Line
Belt
stock
purchase
by the
A. C. L.
The
Ry,
of
company
controls
A.
no
C.
employees,
L.
It
does
and
all
its
of
officers
officers
also
are
operate any equipment.—V.
or
Invests,
stock
in
subscriptions' recelvable„_____
Oil
bonds & mtges. of other cos._
stock held by subsidiary not
CO.
?Plant
Oil
and
and
equipment-
Prepaid expenses^
157, p. 861.
total
40%
made
was
of
up
Edison
etc
compared
Co.—Output
For
of
preceding week ended March 6, 1943, output
gain of 7.5/ over the corresponding week last
a
year.—V.
157.
389,642
$400,000
■
______
.'
Accounts payable
$816,583
Accrued expenses
55,057
67,061
674,745
A
132,757
1,064,693
Ileraid-Traveler
dividend
A
Value
2lhft'r iserial .bank loans due in 1941
Purchase obligations due in current year
1
32,530,000
was
988.
p.
$19,824,963 $22,475,158
_____
9.9':.
the
kwh.,
1
149,624
9.9% —
up
the
increase
an
13,931,218
1
advances, etc.______________
$9,252,36$
output of this company as reported to the Edison Electric
week ended March 13, 1943, was
33,017,000 kwh., a*
with 30,042,000 kwh. for the week ended March
14, 1942,
for
Boston
of
common
like
40
cents
stock,
amount
has
April
disbursed
was
Corp.—40-Cent Dividend—
share
per
payable
1
this
on
been
declared
holders
to
Issue
of
the
on
record
Jan
2,
last.
April
2
and
on
no
22,
taxes
Loans from
(State
brokers
Federal) _____/_ ___'
and
on
,
employees' stock subscrip.
t214serial bank loans--,
-
•-
last
were
each;
—V.
144.860
3,000,000
,
year
cents
follows:
as
Oct.
1,
40
Jan.
cents,
2,
40
and
cents;
Dec.
11,
year-end
a
PaymenU
July 1, 20
of
30
centi.
156, p. 2188.
Bostoii
&
Maine
RR.—Makes
Offer
Portland
to
&
'
Mr.
Little's
currently
bbout
at
80'/«
report
preliminary
the
of
rate
approximately
orders.—V.
war
stated
also
157,
513.
p.
Charles
R.
and
additional
an
to
12—V.
of
Stevenson"
director,
a
Harold
member
156,
the
of
board,
.
W.
increasing
1947.
p.
not
-
' r,*
Colpitts. resigned,
has been elected
its
number
from
BaJmorhca
Livestock
firmed—
A
;
plan
'•
reorganization
of
order
of
Peccs
Division,
is
the
Holders
s
U.
District
S.
!
in
of
bonds
for
the
1942
X,
C.
James
Western
said
and
Wilson,
and .coupons, issued, by
District
plan
the
of
an
of
State
the
of
and
Texas
the
under
Inc.-''..
Copies of the plan of reorganization
■
/'■"
-.
of
name
estate
of
The
The
Livestock
Co.,
July
the
on
and
/
;
;
-
Hotel
A
to
Bank
agent
effect
the
for
&
Trust
capital
exchange
of
of
Co.
stock
of
voting
trust
•.
Belden
„
dend
in
Mfg.
War
Co.—Stockholders
who
made
Balmorhea
See
Ranches,
Balmorhea
Inc.
Livestock Co.
(Tex.)
-Organized-
their
above.
this
statement
assigned
March, quarterly dividend
under the -"war bond or
new
included
Baltimore Transit Co.—Earnings-
Jacobs,-President.—V.
•
has
been
corporation
the
for
Kurtz
from
of
Part
directors:
Schwacke
.
Van
Operating
$251,814
Non-operating
income •
3,023
/
charges
•'
Prov. for spec, war reserves'Unci, accel. deprec.)
Van
income
Net
<
—V.
157,
int.
before
on
series
deb.
Net
Net
C.
Williams,
Vice-President
and Secretary, has been named:
during the absence of J. Richard
Jr., President, who has been commissioned a Captain in the
Army Office of Strategic Services.—V. 156, p. 1858.
:•
'
/
President
the
of
Barnsdall Oil Co.—24th
1.6,
V:
,
:
>
"
Conditions— The demand
General
for petroleum products by the Army,
defense plants far exceeded
the estimate
made
in
the
This
year.
for
petroleum
previous years do
Proration
cause
of
production
which
in
states
serve
conditions.
normal
under
be
not
.
by
operate
we
to indicate what the real demand
■
would
/
the
■
regulatory
bodies
of
the
753,936
(& Subs.)—Earnings— /
*
"
1942
•
•
taxes___
for
although it was generally
Proration for other causes is a
be¬
rare
Heretofore the principal reason for proration was' due to
ability of the wells to produce in excess of market demand,
This
very important change in the petroleum situation,
,
exception.
the
is
a
/
Drilling
operations
of
total
crude
foi*
net
59.80
and
ductive
with
Ranch"
"Newhall
A
and
15.03
oil
in
completion
Arkansas.
very
we
very
the
opened
Twenty-one
substantial
addition
continued
have
what
satisfactory
the
is
37,453,164
to
$3,873,195
per .share—
profits
of
of
volume
to
the
,
Renegotiation
sales
to
that
the
Law,
.:
.
pointed
company
substantially
the corporation
the; same
realized
ended Sept. 31, .1942, after renegotiation.—V. 157,
year
of
development
results.
our
/■//.
•>
other areas were continued, with fair results.
were completed,
of which 44.77 were pro¬
non-productive.
was
$1.14
The
barrel.
per
average
price
Barnsdall's
receivedtotal
net
barrels.
778.
p.
out,
ratio
the
in
uneconomical
wells
the
were
production
sold
and
44,63
wells
were
an
having been reduced to
limit.
..
•'«
12.88
of
'
Income Account
for
Calendar Years
G.
B.
paused
Goes,
has
Jr.,
been
elected
the death of Harry
by
1942
income-—'
oper.
Operating & gen. exps._
director
a
Woodruff.—V.
of
Riebel,
Construc¬
that
he
those
reelected
company until
would
retiring
Kaiser is
J.
to
the
'
■
return
to
his resign,
the
aviation
■'
.
management's
based
the
on
decision
belief
th>>
entire
It
is
his
Brewster
has
not
intention
situation
157,
acquired
make
to
in
the
any
a
conii
future
near
342.
p,
the
the
company's
of
payment
charter
dividends
the
stockholders
the
on
have
preferred
stoci'c
order
an
made
by the
Court of
(2)
reduce
which
the
the
by
be
of
treasury.
shareholders
the
of
from
must
retirement
SEC
at
cumulative
$2,500,000
to
accumulated
the
special
a
$1,500,000
before
the
shares
50,000
See V.
157,
of
class B
/
meeting,
the
on
pre¬
of
amount
dividends
any
now
.
be-
may
purchased for retirement, and
or
is
'
dividend
of
action
A motion
<3>
stock'now
pro¬
held
i<w
216.
p.
has
'
announced
application
been
by
inactive
so
of
the
over
listing and
last
five
years
to
as
longer
no
warrant
registration.
*
156,
Brillo
the
The
vacancy
1949.
p.
Conversion
pf
of. the
materials
war
company's
.
volume, is now the
A.
of
this
Government
activity,
Optimis¬
corporation
to
reached!
has
use
from
the
the
'
•.
production of such items, it
of
where
dollar
disclosed
was
In
addition
to
•'
"
Sweetser
stated
although
the
margin
well
of this
.
in
the
'
-
>
The
the
year,
that
except
of
the
month.
the
Mr.
other
but
the
supply
// ./././
■':'■■■
to approve a change in the company's by-laws
subsequent annual meetings the last Monday inif this does not fall within 90 days of the close
meeting
Sweetser
sufficient
would
observed
regulatory
permit
annual
of
date
March,
to
of carpets, he declared,
becoming rather "tight".
now
come
that
the
on
present
fourth
Monday
requirements
of
for
the
preparation
of
in
and distribution
157, p. 599.
Bird Machine
company
SEC.
order
the
of
the
no
value
par
and Sept. 15,
15
paid
stock
common
year
were
a
as
record
April
1,
per
share
March
Jan.
on
157,
dividend
a
payable April 6
Cents
each
since.—V.
3 Mos. End. Dec, 31—
Gross
30
the
on
15.
last/
2,
dis¬
A
Payment#
cents
and
each;
216.
p.
154,
5
of
cents
holders of
to
made
were
on
share
per
record
May
the
on
March
6,. Aug.
23.-
and
1
242.
p.
(& Subs.)—Earnings—
1942
1941
1940
1939
$1,543,364
$2,324,188
$2,394,293
$2,167,915
839,793
1,233,281
1,075,404
936,357
$703,571
$1,090,907
$1,318,890
$1,231,557
9,837
11,705
14,481
$713,408
profit
$1,102,612
$1,333,370
•Expenses •_/_
•
Operating
Other
profit
income
Total
'
Income
Income
_______
charges
Net
profit
Earnings per
112,731
97,601
231,225
"354,829
■
368,304
409,214
238,101
621,577
$826,555
$776,914
$1.91
$2,54
$248,317
share
on
stock
common
.
14,683
$1,240,240'
110,261
Depreciation &, taxes___
-
dividend
follows/March
"^Includes
V.
$0.76
156,
Federal
income
and
profits
excess
taxes
$2.30
of
$248,448.—
2188.
p.
.
of, 10
holders
to
1941;
declared
$1,
10
Bulova Watch Go., Inc.
■
and
cents
,
Co.—10-Cent Dividend—
March
on
17
made
the
the
authorities made this change advisable
time
st'ockholders.-W.
report to
The
on
none
meeting/voted
making
and
is
Jan.
20
holders of
was
20 cents each.—V.
have
par
of
1,
to
Distribution—
of
Ankerite Gold Mines, Ltd.—To Pay Dividend
directors
Oct.
on
dividend
a
share
per
follows:
1,
Distributions
of
manufacture
material
as1
capital stock,
army
that
were
Buffalo
by John
held
cents
and Oct.
The
Inc.—Smaller
declared
payable April 1
25
the
sales
blankets, the company is making a
large quantity of duck for the Army, and some for the Navy, he
stated.
The company's machine shops are continuing to operate at
full
capacity on Government orders.
'./■■ •'
\
'
!
:
Mr.
of
Co.,
have
stock,
year
July 1
manufacture
point
a
standpoint
President,' at the annual meeting of stockholders
Sweetser,
1.
facilities
for
principal
last
Mfg.
directors
common
Changed—.
.
that a hearing has been set, for
April 12t
the St. Louis Stock Exchange to strike front
listing and registration the common stock ino part of this company.
The application states, among other
things, that trading in this stock
the
cqntinuance
*
voted
payment
with¬
Chancery
to
Boyd-Welsh, Inc,—Delisting Hearing—
On
has
fiscal
/
for
/>./
fill
to
Big clow-Sanford Carpet Co., Inc.—President
tic—Annual Meeting Date
*
3941
$11,125,967 $11,058,597
"4.421.962
4.351.156
1939
"'1940
cents
record
of
16, 25
10 cents each; and Dec. 15, 15 cents.—V.
share,
per
March
Burlington
Mills
Corp.—Listing of Pfd. Stock—
8.
15/
June
cents;
155, p. 2363.
*
$9,370,017 $10,325,677'
3,990,446 :
Birdsboro Steel Foundry & Machine
;
$6,704.005"
$5,379,571
$6,051,307
,139,850
141,750
'"104,129-
$6,793,971
Other, income,.-—
$6,707,441
89,966
Gross .income -x.:
$6,847,291
$5,521,321
$6,155,436
85,104
229.824
274,133
directors
The
4,274,370
the
on
.
The
New
shares
of
York
5%.
Stock
•
Exchange
has authorized the listing of 65,000
preferred stock (par $100).—V. 157, p. 988.
cumulative
256.181
outstanding
holders of
on
March
on
record
no
declared
17
value
par
April 14.
April 24, July. 15, Oct.
«■
5
a
dividend
common
Like amounts
and Dec.
Co.—Dividend—
of
stock,
were
25
payable
disbursed
last year.—V.
18,
cents
share
per
April
on
24
this
157, p.
to
issue
778.
Callite
Tungsten
Report—
raxes
—
—
954,792
—i
Profit
699,812
1.302.297
1,175.634
593.002
lease-purchases
[ntang.
973.410
1,264,836
_____
Depreciation
develop, costs-_
minor¬
1,092,560
high
1,009.883:
510,787
786.271
807.570
665,668
1,345,317
Mon-recur.
1,830
profit
profit
Drl4.101
Orl,815
Drl2,391.
—1
$2,801,846
Dividends paid <net)__
1.332,139
5hs. cap. stk. (par $5)1/ ' 2,223.579
Earnings per share
$1.26
of
1939
$437,051
73,970
55,162
tAfter
23,159
depletion,
after
.
to
$5,026,202
1,344.970
2,231.879
$2.25
$2.1.93.471
1.349,370
2,251.017
$0.98
,
$1,720,292
2.020.984
2,250.979
$0.77
.
1942.
with
increase
309,
depreciation
provision
^
and
Federal
for
income
Net
provision
of
taxes.
This
capital
L.
William' Frew, 'a
and
a
Charles
Reed
Co..—New
Cuff,
Secretary
and
partner *in
the
trustee, "ofM." Thorp,
and
the
'
Dollar-
Knox
Armstrong,
Co.—V.
General
firm
Savings
Jr.,-a member of the
and
a.
director
Pennsylvania-: Industries/' Inc.,
T57, p.'215.
share
Directors—
have
of
of
Moore,
of
the
Leonard
company,"
&
Pittsburgh,
law
firm
the
Edgewater Steel
been
the
elected
of
Thorp,
directors
Lynch,
Pa.,
and
Bostwick,
Co.
of
and
Blaw-
per
•■
.
corporation
in
reached
a
the
compared with $459,077 reported last
outstanding
share
per
the
1942
on
reported for 1941, an increase of £8/.
Tho,
volume enabled the company to report a profit:
$696,758,
on
and
the
company
outstanding
compares
with
same
number of
paid
two
stock.
net
a
shares
of
year.
After
giving
$205,208.
reported
dividends totaling
effect
to
of these dividends, book value of the stock at the end of
Counsel
Bank,
of
after all charges and taxes amounted to $159,196, after
$537,503 for Federal normal income and excess profit#
is equivalent to 40 cents per share on 400,000 shares of
stock
cents
51.3
sales
J.—Annual
' /
$3,392,276
taxes of
During
Blaw-Knox
Cr2,515,997
-xote—No provision is required for excess profits taxes under Revenue
(4ct
/_
1240
$469,406.
from
W, Tex. Teases
profit
1941
$585,206
$654,074
deducting all charges including
,of. wello and leases, abandoned and
taxes.
'*Preliminary.—V. 156, p. 1738.
:•
Albert
Net
!___
cost
'
sale of
fNet
' »'U942
Years—
income
Gross
year
successive
City/ N.
'
in the company's history, amounting to $5,366,437,
the annual report for the year 1942.
This figure com-,
large
before
■'
peak
according
Bishop Oil Go.-^Earnings—^
Calendar
773.676
1,261,307-
applic. to
ity interest
-
.
third
the
For
new
Corp., .Union
■
.
pares
income
Total
interest
.
Walsh
•
Gross
j
Mr.
and
the
were
"The
Henry
shares redeemed
any
tribution
Disbursements,last
•...•••
&
former
j
Berghoff Brewing Corp.—New Director—
/
>
year
because
the
the
*
1
the
During
the
,
of
amend
company's
The
r
•
production In 1942-was 7.713,656.21 barrels, a daily average of 21,133.29
abandoned
of
rest.-
because of
stock;
or
-
$1.47
.
outstanding. / ./• /
common .stock,
been-adjusted
have
.
$3,113,328
$1.83
out
producing wells
made to our
Westervelt
corporation.
of
for
way
earnings
the
14,207,335
Ark.,
was
Kaiser
of
President of the
announced
the
permit
vide
1941
com-/
known-
now
Capt.
commented:
amendments,
(1)
paid
profit on war
materials has thus far been relatively low, it is
hoped that with the:
present increased volume the margin may be improved.
Substitution of paper yarn for jute, no longer available, has worked
wells
were
1942
in
of
a
California
In
reserves.
This
field
drilled
been
have
1
"Midway"
the
as
No.
as
of an
Bond.
2i
(Jan.
known
1941 annual statement we reported the
exploratory well in Lafayette County,
the
Operations—In
pletion
Mr.
a
strong aircraft producer,"
statement said:
"Mr.
Kaiser
in
study
voting
The
net
$41,326,359 $17,320,663
Federal
Note—In-view
-
net
March
several
continued,
of transportation problems.
to
President
notice to
the company, effect cannot be
given
stockholders until: the further order of the court,
before the court to vacate the order.
/
i'^On. 2,117,453. shares .of,
products
gasoline, resulted throughout the Eastern States. Rationing of gasoline
in
17 States began
in the summer of 1942, and the rationing of
heating
and fuel oils became effective early in the fall of 1942'.'
Because
of this
situation, comparable figures on consumption with
members
year,
■
>/
tho.
that
might be able to obtain greater support and
facilities from the United States Government in plans for
Keiser's
,
However,
$1,282,480-
785,768
Corp.
said
once.
were
the
the early
unexpected need, in addition to the growing
from civilians, made it physically
impossible to transport the products through pipe-line and railroad
facilities. V Practically
all of
the tankers
in service between Gulf
points and the Atlantic Seaboard were taken over by: the Navy and
a
serious shortage of petroleum products, especially heating oils and
of
part
demand
at
board
Walsh,
was
favor
.
Navy and
effective
new
Brewster
-
$1,306,360
Consolidated/net-, profit'_l^l______—
profits
-}f% 7/%.v\%\/'/' '''/:/
•
.
in
interest
By
1,251,895
Aviation
before
"Earnings
Annual Report—E. B. Reeser,
President, and Wm, Dewey Loucks, Chairman, state in
major figure in
a
of
management
report fully to tne stockholders."—V.
this
$2,534,375
778.
p.
Provision
.
■
7,713
1,502,169
company
'
President.
as
shipbuilder
Brewster
ferred
Weil
part:
and
4,894,904
,$2,808,529
Quarters Ended Dee. 31—r
Profit
John
Mr.
will
(L.) Bamberger & Co., Newark, N. J.—Acting Pres.—
Acting
5,830
—C'/Y—,
Bendix
,'r
plant,
Naval
Botany Worsted Mills—Charter Amended—
5,135,708
>
operating'income—_*.
157,
$91,607
;
board
West/
1942
I—l.
income
of
management
prehensive
'
revenues.
taxes
aside
making
$7,436,992
—
-_—_k
the
out
—V.
v
;
operating
Operating
-rr:--
$100,966
——
1
addition
in
J.
and
short
a
Dusen
proper plant
Whipple
s/'v"
518.-
p.
A
Kaiser
or
the
by
by
stand
paved
Net
5.488
150,000
bonds
war
started
10
to
of
$7,950,067
_______
f Operating-,.expenses
$97,093
3,870
13%
than
1943
revenues
Uncollectible oper.' revenues—
No.
a
'
March
on
Mr.
,
Month of January—
1.103
/1 $254,837
Fixed
$95,992'
•
plan
March
on
Brewster
new
T.
Dusen, who
industry after
;
of Pennsylvania—Earnings—
Operating
1
;
dividend
been
'
,
nation
Divi¬
599.
p.
Bell Telephone Co.
•
,< 201,400
369,740
157,
cash"
announced
was
the
management,
as
and
board:
stock
(Including Baltimore Coach Co.)
/ Month of January1943
1942
Operating revenues
$2,132,399 ' $1,422,576
Operating expenses
1,510.844
1,125,183
Taxes
it
-
had
Board—-
Jr., retired
consultant for the
Co., Davenport, Iowa: Paul S. Marrin, Chief Counsel for the
Kaiser
interests, San Francisco;
Chad F. Calhoun,
Oakland,
Calif.,
Project Manager for Kaiser; William F. Kurtz, President of the Penn¬
sylvania Co., Philadelphia; Capt. George C, Westervelt, U. S.
Navy
(retired)'; F. Dean Schwacke, Attorney for Brewster, and E. E. Trcfethen, Vice President of the Kaiser Co.,
Inc.,
Oakland.
Messrs.'
|
slightly more
purchase of
the
to
Stamps
company-last" August,
the
nation's
board"
The
on
..".V
company
Chairman
Riebel,
industry.
"
Stockholders; of
named
was
with Frederick
recently
in
the
Corp.—Kaiser Heads
16
company,
directorate.
dis¬
each
certificates
Take
Bonds—
March
on
this
was
taking office
Three of the members of the
,/
above
'
^':V-
A
of
move
C, A.
-
company—•,
tion
York
New
the
Kaiser
of. aeronautics
The
stock,
similar
cents
Corp.—Transfer Agent—
transfer
agent
Stock.
trustee of the;
Texas.
Pecos,
latter
,
Aeronautical
executive
aircraft
"new
common
Dec.. 22, last, compared -with 50
1942,—V_ 156, p. 1949.
J.
directors
bureau
Dividend—
been declared
on
1,
8terling„:National
appointed
%/';
•'
request made to James-C, Wilson,
upon
Balmorhea
made
was
Beacon
1
Balmorhea
or other information regarding,
rights of bondholders will be furnished upon request made to Fred
Balmorhea Rancnes, Inc., 120 South LaSalle Street,
(lie
has
$1, payable April 1 to holders of record March 22.
tribution
April 1 and
/
Corp.—To Pay $1
dividend of $1,per share
par
Texas,
-
Henry
inghouse
the company may exchange
Ranches,
Link, Secretary,
Chicago, 111., or
in
Bath Iron Works
A
.;
,
as provided-in the plan of reorganization, for shares of the
stock of the new. corporation which has been-organized under
laws
$22,475,158
depreciation of $22,649,174 in 1942 and $21,847,977
+Due Sept. 2, 1943 to Sept. 2, 1946.
^Outstanding 2,223,579
1942 and 2,231,879 shares in 1941.—V. 156,
p. 1687.
announces.,
trustee,
v
1
the same,
capital
_1_1_—_ '$19,824,963
reorganization
of
3,681,232
Con¬
confirmed-by
was
Brewster
1,976,719
for
reserve
1941.
.
company
Co.—.
of
Total
"Less
■
this
Court
Sept.
entered
Tex.—Plan
Oil
86,642
■
\
Pecos,
.
for
being consummated,
now:
Co.,
Barnsdall
Stockholders—See
11,159,395
shares
'•
by
50,871
11
"
owned
Ogdensburg Ry.
V. 157, p. 988.
140,000
ICapital stock (par $5). 11,117.895
Capital furplus
•_
____/
1,958,872
Earned surplus since Dec. 31, 1940-1—5,150,940
-
..
.
of; Philadelphia
Baxter
•
-
succeeds
York
New
R.
Miscellaneous purchase, money obligations____^._
Capital stock and surplus of subsidiary cos.
running
annually were
...
./«
billings
$20,000,000
/'••Autocar Co.—New Directors—
as
that
1
par
March
621,798
Accrued
orders.
war
43,700
Liabilities—
„
'\: Royal Little, President,- in a letter to stockholders, writes that new
problems brought about by war conditions make it impossible to hold
the annual meeting before next month.
"
He stated that earnings on
the common stock for 1942 were esti¬
mated to be slightly in excess of $1 per share after all charges,, taxes
and preferred dividends:
Sales for "1942 were In excess of $11,'800,000,
which
Boston
189,899
14,139,303'
leaseholds,
gas
$6,464,053
Net system
Institute
2,706,229
wholly owned
Total
of
______
187,895
49.000
stocks,
Bamsdall
the
of
supplies, etc
1943—2 Mos.—1942
$3,258,783
688.
p.
158,315
815,443
Employees'
the
Atlantic Rayon Corp.—Postpones Annual Meeting—
1
815,034
147,645
(par
not own
1,210.023
_
859,411
consisting
$100)
and $245,000 mortgage bonds.
The physical properties are entirely within
the city of Montgomery,
Ala.
The. properties
are
operated by the A. C. L.
The Belt Line
has
oil
crude
of
$3,664,811
157,
1,211,136
1,304.076
Inventories
of
1943—Month—1942
Sales
—V.
Inventories of oil products
J
ownership of all of the latter's securities,
of
68,800
Period End. Feb. 28—
,
305,000
receivable
Inventories
ICC
-219,500
securities:
Stores, Inc.—February Sales—
1941
$2,145,741
Treasury tax notes./
Accounts
Bond
if)42
$1,253,486
Government
S.
U.
cents
126. '
157, p.
1047
Sheet, Dec. 31
P
L
:
cash
30.
Atlantic Coast Line RR.—Purchase—
The
Consolidated Balance
.
Assets—
dividend
A
value
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
20
in
or
1941/
cents
per
thev payment
1942
was
$3.70
share, compared with $3.52 per share at the end of 1941.
In
letter
his
to
stockholders
accompanying
the
report,
Charles
H."
Kraft, President, pointed out that there are no outstanding bank loans.
"During
the
Treasury
periods in
taxes
as
year
we
certificates
of
have
invested
indebtedness
$261,000
which
will
in
short-term
mature
at
U,
S.
different
1943 and will be used to help meet the payments of Federal
the various instalments become due," he continued.
"We cooperated fully with
plant every hour of every day
the WPB suggesting that all
Christmas Day holiday.
"During the present year
order
to
previously
the war in
bring victory the sooner,"
of Dec.
as
1942, shows total current
31,
for a general hourly in¬
crease of 3.39
this company, at Muske¬
gon, Michigan, was announced on March 4 by the National War Labor
Board.
The wage increase, retroactive to Aug, 3, 1942, was approved
unanimously.
'
'
•
The agreement was submitted by the company and the United Auto¬
mobile Workers, CIO, Local 539.
The company is engaged entirely in
,,
157,
:
'
Cost
Gross profit
why the payment should not be made.
It was filed by
the bondholders' protective committee represented by Robert Carey of
157, p. 862,
Power Corp., Ltd.- -Earnings—
A
Month of January—
CQross earnings
Operating
fl(
■: /
136,791
& adm. exp—,—
Maintenance
and repairs—j
Note—Operating
•taxes—V.
$243,185
™r--™™™~-—$233,443
Net earnings
157,
7.
p.
Net
Net
,»o
of $1
value, payable May 1 to holders of record April
with $1.50 per share paid on Jan. 31, 1940; none
par
pares
1
Div.—
stock,
1. This com¬
since.—V. 151,
■/:'
1941
1942
'Work, exps,
income—
ATotal
'Fixed
48,187,689
15,861,034
_
.
transf.
Bal.
and
$
V.
on
59,339,595
24,228,698
22,955,503
738,953
46,331,601
25,380,715
805,830
749,465
:
Dec.'31, 1942
hand $2,132,186;
40,354,267
5,042,782
dividends—
34,361,432
.5,042,782
Other assets
United States Gov¬
Ended Jan.
Months
"Gross
profit
tSelling,
on
admin;
31—
1942.—V.
State
sales—*
general
expenses——
taxes
•
2,723,854
2,542,944
227,217
486,775
486,775
/
$1.78
$2.27
•
Note—Due
to
the
fact that
certain
contracts
Government
as yet been renegotiated, the net income
subject to adjustment.
;/
v
as
have
shown above for
not
1043 Is
$2,463,238
(Net
Bebt
Assets—Cash,
,
Sheet,
Jan.
31,
—-————_w—,
$2,508,365
™™-rrU
Government
$1,916,733;
'A™A-A-A:.
$1,748,991
————aA
200,000
628,095.
:
Liabilities-i-Bank
other, current
accruals
securities, -other
than
tax
$1,048,991
420,000
loan
"V"
300,000
(less
and
$2,000,000;
excess
157, p. 343.
of income
paid
<
Consolidated
Balance
Sheet,
Dec.
31,
"■
1942
•',
'
The directors on March 17
declared
X ,;
were
seven
Chesapeake & Ohio Ry.—Promotions—
Election
company
Mr.
of
was
A.
T.
Lowmaster
announced on
Lowmaster
has
been
as
March
Executive
17
of
this
by Carl E. Newton, President.
Vice-President
& O. since January, 1936,
Charles J. Geyer, also of
Chicago & Eastern Illinois RR.—April 1 InterestPayment of
interest of 5% will be made on April 1, 1943, on the
income bonds (convertible), due 1997, on surrender
No, 4, due April 1, 1943.
is payable at office, of Chemical Bank & Trust Co., New
York.—V.-157, p. 989.
general
$1,101,881; accounts payable (trade), $287,586; accounts pay¬
fare tickets outstanding. $286,679; other current and
accrued
liabilities,
$176,706;
reserves,
$15,531,542; capital surplus,
$215,766; earned surplus, $4,690,818; debt retirement reserve. $500,411;
interest, $52,276;
p, 862.
Carolina Power & Light Co.—Capitalization Decreased
24,
1943,
the
capital
stock
of
this
company has been
$42,655,462.81 to $29,081,300 by retiring 1,442,609
shares
of
common
stock, without par value, surrendered to this
company by
the National Power & Light Co.. for cancellation as a
decreased
from
contribution
1,573
the
to
shares
company,
1,079
shares
the
which
p.
amount
the
capital
of
preferred
the
stock
and by retiring
of $6 preferred
capital stock.
in
the
of $7
300
Carolina
company,
formerly
shares
of
held in
$7
and by
the
retiring
treasury of
preferred
stock
and
stock formerly carried as reacquired
This decrease, it was announced, will effect no change
or
number
company
is
of
shares
authorized, by
779,
of
its
capital
charter
stock
to
of
anv
issue,—V.
class
157,
mortgage
of coupon
Interest
able to Potomac Electric Power Co., $212,325; accrued payroll, $130,449;
taxes
accrued.
$3,427,016; interest accrued,
$83,489;
matured bond
Feb.
1.069,964
$11,673,646 $12,164,014
Reorganization plans drawn by the
under
the
Federal
In/erstate
Commerce Commission
Bankruptcy\Act fof the ChicagoAMUwaukee, St.
Paul & Pacific RR. and the Western Pacific RR. were
approved March
15 by the U. S. Supreme
CousLJn^opinions
lawyers as vital to other such programs.
interpreted
by
railroad
In the respective cases Justices Douglas and Reed reversed decisions
of
the
Seventh and
Ninth Circuit
Courts
of
Appeals Vhich had
the Commission's proposals.
rulings fall in two categories;
First, it had been argued, and two circuit courts of appeals had
held, that the Commission must make concrete dollars-and-cents valua¬
tions of all
properties and securities, as a prerequisite to determining
capitalization of the new company and allocating new securities
the various interests of the old company,
A
This position the Supreme Court rejected.
v./''-AX
"A requirement that dollar values be placed on what each
security
the
holder surrenders and
Chicago
Indianapolis
&
Louisville
Ry.—Security
Holders Propose Revisions in Reorganization Plan—
The
ptending
Interstate Commerce Commission examiner's plan for
may
be
revised
considerably
before final
reorganizing
the road
approval by the ICC.
This
holders
was
indicated
filed
Louisville
&
major
Nashville
March
10
as
objections
to
and
Southern
the
the
illusion of
an
Second, it
contended by the ICC that greatly
was
increased railroad
earnings as a result of war traffic should not be taken as proof of
additional earning ability and therefore considered in
capitalizing the
reorganized company.
Most of these higher earnings came after the
plans were certified to the District Court for confirmation by
ICC.
Court's
we
principal security
examiner's
plan,
and
the
declined
the
noted
argument
was;
Commission
conceived
as
its
responsibility
plan which would serve 'as a basis for the company's
financial structure for the indefinite future.'
We cannot assume that
the figures of war earnings could serve as a reliable criterion for that
'indefinite
the
case
of
fairness
,..vA;'
//:'
>■
Court
to
adjust
the
allocation
groups of investors and to settle
the reorganization plan as between
of
Both
revisions
found
Court
./.\\,■
■/
approved the Western Pacific reorganization plan without
The St. Paul case was remanded to the Commission
District
two
holders.
The
a
future'."
The Court
qualification.
the
the
Court
termed
Commission
was
of
securities
dispute
a
two
the
in
to the
of bond¬
as
groups
"minor."
Justified in
excluding in the
reasons
for its conclusions',", the Court said.
"The summary
whicii we have made on this phase of the case plainly shows that the
Commission did exactly that.
Its finding that the stock had no
the
value
definite
was.
One
Court
lien
of the
and
explicit."
for
reasons
for
was
resolving
a
remanding the St. Paul case to the District
dispute over the so-called "pieces of lines
to
accept
terms
under which they would be given practical stock control of the reor¬
ganized property.
A proposal
that the reorganization plan require the transfer of
half of each type of new common stock to the L. & N. and Southern
in return for an agreement by them to give traffic and management
support to the Monon was. filed with the Commission by the first and
general mortgage, bondholders' committee,
This proposal followed a statement by the L.
N. and Southern,
<
general mortgage bonds contended that they have a1 first
.properties but the Commission credited the earnings
those
those properties to 50-year bonds of the company indicating,
Court
.
■
..
on
from
"that the propriety of'doing so was doubtful."
said
that it could not pass over the contention
said,
The, Court
"frivolous"
and
therefore
that
point
should
be
settled
by
the
the
as
lower
..court,.
.
Court in the St. Paul case
also ordered a readjustment of the
of new securities to general mortgage and
50-year, bonds.
out that the holders of these bonds, under the reorganization'
plan, would receive only a face amount of inferior securities equal to
allocation
It pointed
the
amount of
face
In
view
of
the
their
fact
claims.
that
securities
junior to the general mortgage
and 50-year obligations were participating in the plan, applicable legal
doctrine requires that the senior securities have a participation which
Therefore
them
these
for
senior
qualitative
tion,
the
senior
:
of
Court
The
the
also
rights
which they must surrender.
receive "equitable compensa¬
which the Commission and the
the Supreme Court said.
securities
should
quantitative,"
or
District Court should
that
company's
roads
the
to
answer
have
the devising of
compensates
;
what he receives would create
on
certainty where none exists and would place an impracticable burden
the whole reorganization process,'^ said Justice
Douglas,
on
The
(Liabilities—Capital stock ($100 par), $24,000,000; funded debt, $17,-
On
1,730,905
2,617,219
54,019
Chicago Milwaukee St. Paul &^Pacific RR.—U. S.
Supreme Court Upholds ICC Repfganizatkm Plans—
Holders of
Vice-President
and General Manager of the
with headquarters at Richmond, Va.
Richmond, Engineer of Maintenance; of
Way, succeeds to the post of General Manager,—V. 157, p. 862."
C.
896.632; District of Columbia paving claim compromise, $44,962; funded
.-and other long-term debt instalments and serial note payable within
sinking fund reserve, $77,975; total, $68,7,16.512.—V.-157,
.i'-V-i...
East."
..
year,
...
fully
quarterly dividend of six cents
to holders of record
Fayments last year
as follows:
Jan, 15, 15 cents; March 27, July 15 and Oct. 15,
cents each, and Dec. 29, nine cents.—V. 157, p. 601.
a
per share on the capital stock, payable April 15
March 31.
This is the first dividend this year.
/Assets—Property and plant accounts, $61,093,330; cash and securities
..oaa
deposit with mortgage trustees, $171,171; investments, $197,398;
oash on band and in banks, $2,037,734; marketable securities, $2,,836.725; U. S. Treasury tax notes, series C, $1,040,000; accounts receivA&le (trade)
(less reserve for doubtful accounts of $2,234), $30,724;
ohher accounts and interest receivable, $171,590; deposits for payment
$f matured interest, $52,276; material and supplies for construction
and maintenance, $856,776; post-war credit—excess profits taxes (sub¬
sidiary companies), $7,185; deferred charges, $521,604; total, $68,7jE6,5i2. '■
v/:.■■
aa-;■ -v..; A;■; •,
one
1,500,000
237,904
357,618
1,730,905
1,069,964
3,039,187
.54,019
St. Paul plan participation of common and preferred stockholders.
"Section 77 (B)
(of the bankruptcy law) requires the Commission
when it renders a report on a plan of reorganization to 'state
Chemical Fund, Inc.—6-Cent Dividend—
rBal.
T7~532
1,200,000
_■
157, p. 439.
and
regulations),
profits tax
$2,206,552), $2,832,687;
deferred
inventories and contingencies, $i,106,351;
income
$7,552; reserve for
capital and surplus, $7,681,505; total, $13,628,095.—V.
$1,308,969
AAA A-A——A-A--
■
(under
500,000
transferred to earned surplus
■
loan
liabilities, including
U. S. tax notes of
income,
$1,308,969
Property adjustment reserve.——A™—
Dividends
36,302
loans____/._™_»„™„.__™_,__
-
"As
notes and accounts receivable (less reserve), $2,594,inventories, $3,267,799; other current assets; $1,007,683; fixed
(less depreciation reserve $4,438,377), $2,475,458; patterns and
drawings, $1; deferred charges and other assets, $266,224; total, $13,-
710,133
reserve-
profit sharing trust™™.™™
bank
The
notes, $2,100,000;
$2,019,102
759,373
income' ——X—
695,613
199,970
58,402
427,677
251,035
Treasury stock (5,000 shares)
1943
198|
29,142
retirement
483,611
1,068,981
Capital .stock, ($5
the
Balance
•
.'Gross income
45,000
734,236
'.
513,425
67,691
1,357,049
83,303
Paid-in. -surplus
Earned surplus
(Including Baldwin-Duckworth Division)
.
$1,989,960
45,127
Interest 'charges
$2,400,000
61,000
591,205
(trade)™..
■
two
-
assets
:Net operating revenue.
Men-operating income
r'//*.//
$300,000
1%%
Reserves
$1,105,902
$867,076
income
provisions for depreciation on plants and equipment and for
inventory reserves.
tLess other income of $68,992 in 1943 and ^49,662
in 1942.
{Exclusive of Treasury stock.
/
—
—
33,609
564,549
The Court's main
"After
Operating .revenue —-AAX-ii———-A- $24,358,392 $16,271,843
1,965,439
'Maintenance of way, struct., plant and equip.
2,695,806
66,159
gleaning and sanding track and snow removal
77,214
716,698
Bower
purchased
1,021,045
744,369
.Fuel, lubricants and garage expenses-™——
1,251,682
5,944,785
.Conducting transpostation .™™™--™™™8,243,816
42,343
.Traffic
-™™———-—,—37,634
788,406
Administrative, general and miscell, expenses1,016,495
121,570
Amusement
park <,™™__™™_™™--~-—
140,803
560,633
: Provision for injuries and damages—
;—
953,677
1,754.312
"Taxes, including provision for income taxes—
4,312,110
/Provision for depreciation
1,577,171
2,145,172
,
431,190
64,849
$11,673,646 $12,164,014
rejected
$6,599,916
301,025-
-——i
-
'
1942
-
$8,066,851
3,049,664
3,849,086
—-
and
J Shares outstanding
Earnings.per share-«i~rr-~>i'-^i:^r'«--;'/r^
■
-
312,577
543,558
,
among
1941
1942
163,754
4,919,661
2,970,953
7,547,095
Sundry payable
Total
$451,9b4
1,616,614
(net)——
Due to employees
-V.
Jan. 2, '42
■"
1,280,096
.■
152,
Division)
1943
Estimated Federal income & excess profits taxes
Net
Years Ended Dec. 31—
———.
loans',
Serial
$0.91
Jan 1, '43
$2,936,291
;
..
Accrued, payrolls
Accrued property and franchise taxes
Reserve for Federal and State taxes..,..,.™™™:
$10, payable March 27 to holders
with 10 cents per share paid each
(Including operations of Baldwin-Duckworth
(& Subs)—Earnings—
Capital Transit Co.
85,295
Accounts payable (in transiti
Due to customers./.™
quarterly dividend of 12 Vi cents
guaranteed as to interest by Canadian Pacific Ry.—V. 157, p. 989.
1
85,295
$1.16
$1.71
J.—— L—;
assets
Accounts: payable
3645.
12
$4,843,838 for depreciation of steamships and hotels
170,590
—
Secured indebtedness
:
1942, $4,222,992 in 1941, $5,966,993 in 1940 and $5,230,285 in 1939.
(Interest on bonds of Minneapolis, St. Paul & Sault Ste. Marie Ry.,
$313,304
Total,
;
'
:
v;
to and including Dec. 21,
1941,
quarter from June 21,
p.
_
.
-
•'-.Liabilities—'
Electric Co.—Dividend Rate Increased—
Century
9,782,148
20,145,056
5,042,782
242,002
$400,402
Deferred-charges'
Chain Belt Co.—Earnings—
,
; 353,019
Comparative Balance Sheet
Fixed
Accounts
per share on the capital stock, par
of record March 18.
This compares
35,288,670
24,700,692
805,830
}
1,495,907
$592,558
•
786*974
Bank
The directors on March 8 declared a
28,523,819
6,764,851
taxes----.
157, p. 779.
profit
to
account—
loss
*After providing
to
/v-A
' "
inc.
share
per
210,187
.
{
1939
' $
35,639,438
10,692,163
45,957,536
13,382,059
64,048,723
income——
charges
t.Guar. interest Soo Line
.Preference
.
-----
earnings——
•Net
$491,709
_
14,912
payable—banks
(including serial note $50,000)
payable—trade $431,646; Employees' deposit—de¬
fense bonds $5,633; Accrued expenses: $103,164; Provision for Federal
taxes on income $1,004,603; Serial notes payable—bank $250,000; 6%
preferred stock (par $50) $1,044,250; common stock (par $5) $1,500,000;
paid-in surplus $2,502; earned surplus $2,686,401; total, $7,378,199.—
256,864,091 221,446,053 170,964,897 151,280,699
Unci. tax). 208,676,402 175,488,517 135,325,459 122,756,880
earnings
•pther
"
13,080
1
-
'
$
Gross
" AAA A A
.
1940
.
42,731
85,194
125,000
Receivables •:(net) /—J--1
Inventories I-;
w—-—,-ii
Liabilities—Notes
:
$568,386
—
—
on deposit and on hand
U. S. Government securities—
balances $11,676; Prepaid insurance and
interest
Post-war refund of excess profits tax $7,442; Cash
surrender value of life insurance $40,650; Treasury stock
(825 shs.
6% cumul. ,pfd. stock, at cost) $40,248; Investment in wholly owned
subsidiary company $66,713; Property, plant and equipment (less, re¬
serve for depreciation and amortization of $639,611), $1,705,379; total
$7,378,199.
"/'
,;
■' "" ,,
$350,000;
Earnings for Calendar Years
profit
Cash
receivable
Sundry
$13,607;
578,973;
04,302
$706,153
'
contingencies™
security,
capital
social
Assets—
Securities, at cost and accrued interest $1,186,672; customers'
notes and accounts receivable (less reserve) $594,654; inventories $1,-
Canadian Pacific Ry.—Earnings-
'
$738,626
■
143,925
Sheet,
Balance
banks and
in
$474,084
115,680
Cash dividends declared-—i——.
ernment
,v
1273."-
•j>.
26,978
$388,045
Assets—Cash
3,089,867
$680,472
$2,298,659
Earnings
.■'//-.
/
4,038,365.
post-war
for
Net
.
$1,408,038
95,744
$1,503,782
excess-profits tax—
tax—
^
of Dec. 31, 1942 were $7,521,133,
share has been declared on the common
per
$1,707,600
156,439
-
83,797
$80,000.
46,000
11,951
$1,864,040
15,403
313,899
20,434
775,677
surtax-u————
value
profits
77,145
54,000
4,534,207
■
stock and. Federal
22,500
$642,748
income
credit
$1,918,351.—V. 157, p. 989.
& Dock Co., Ltd.—Resumes
Canadian Dredge
A dividend
5,329
13,796
.
,
"Less, in respect of 1942, post-war credit $7,441 and debt retirement
surplus of the corporation at the end of 1942 amounted
•to $3,701,325,
as against $3,399,745
at the close of the preceding
i^year, according to the report.
However, $942,221 of the earned surplus
^as of ■ the close of last year is subject to a participating dividend of
;ii0% when declared.
v -A-."A/'\ AA*\
as
and
"Excess
10,819
81,315
$2,222,309
76,350
•
loans^-i;—"
on
for
Prov.
Prov.
4,053
22,500
,'r
income/--——
Miscellaneous
charges •.
Normal
$3,697,916
.22,710
•
.
63,000
income
Interest
19,061
3,799
$535,856
106,889
—_
income
."Gross
Declared
$4,876,862
94,243
.
29,327
26,912
12,669
accounts-
profit—
operating
Miscellaneous
$6,956,869
43,111
:_™
operations„*_^^,_,^
;
The earned
assets of the company
doubtful
for
Provision
According to the annual report released for publication March 17,
the corporation in 1942 showed a net profit of $1,624,929 contrasted
with $1,853,040 in the preceding year.
The 1942 figure is after- de»ducting $225,000, which was the amount equivalent to refundable por¬
tion of excess profits tax transferred to special surplus account.
Dominion, provincial and municipal taxes charged against income
for last year amounted to $2,910,105, as against $2,068,798 in 1941.
Dividends paid during the year totalled $1,335,818,
compared with
i$l 280 818 in the previous year.
Common stockholders of the corpora¬
tion in 1942 received $520,818, the equivalent of $2 per share or the
;^ame amount as was distributed in the year before.
(Current
3,706
20,078
20,694
27,651
taxes—
State franchise and local taxes-——
Federal capital stock tax————
Ltd.—Annual Statement—
;Oompared with current liabilities of
2,563
———*
—
from
Total
.
22,696
17,251
,
Social
.
Canadian Celanese
gen.
Depreciation
security
and excess profit
do not include income
expenses
1942
$9,148,498 $13 ,682,691 $11,825,137
0,177,893
7,561,520
10 703,579
179,190
947,598
1,148,515
sales. less discounts, etc.—
merchandise sold——™A~
of
Cost
Selling,
1941
1940
Calendar YearsGross
repairs
Other income.
Central Steel & Wire Co.- -Earnings-
$392,266
149,081
$370,234
™™—
expenses
»
1942
1943
and
•
Profit
Canada Northern
,
Jan. 1, '43
Jan. 2,'42 Dec. 28,'40
A $36,348,337 $31,829,578 $26,698,413
less returns—
sold™.
;™™AA~ A' 29,391,468
26,952,716
23,000.497
sales,
Depreciation and amortization—™„
Property and franchise taxes™™
Selling, gen, and adm, expenses——.
22
Jersey City.—V.
bondholders.
of goods
Maintenance
at
March
on
the junior
to
examiner's plan was termed a "compromise plan" which it
hoped might be acceptable to the parties as distinguished from a
Gross
petition .was first submitted to Judge Guy L. Fake in Federal
Trenton and the Court ordered the trustees to show cause
The
Court
present stock, that they
agreement with the reorganized
class B common stock as pro¬
Monon's
Chicago Mail Order Co.- -Annual Report—
1
petition for payment of one year's interest on 4%
and 5%
general mortgage bonds will be considered by trustees of the railroad
and a decision filed with the Federal court in New Jersey on March 22.
.
.
' A
;
the
traffic
the new
a
Fiscal Years Ended—
:
-
of
"legally fair and equitable plan."—V. 157, p. 989.
(
157, p. 601.
A
.
.
.
„
779,
p.
amount were paid.-—V.
50%
The
was
Central RR. Co. of New Jersey—Trustees to Consider
a
work.—V.
21.
have
common
Interest'Plea—".'
>
wage agreement providing
cents for 2,800 employees of
Approval of
the
extra of like
■
i
declared a quarterly dividend of five cents per
stock, payable April 1 to holders of record
On Dec. 30, last, a regular dividend of five cents and an
directors
on
March
Co.—Wages In¬
Campbell, Wyant & Cannon Foundry
creased—
acceptable
even
The
share
sheet
for
return
posed in the ICC examiner's plan.
On the other hand, the refunding bondholders' committee attacked
the examiner's plan as "unawful due to major violations of senior
bondholders'
rights."
The proposed plan, it was asserted, is not
Dividend—
Carriers & General Corp.—5-Cent
,
assets of
balance
be
in
road
779.
$1,763,809, including cash of $176,765, and U. S. Treasury certificates
of indebtedness of $261,000; current liabilities grossed $1,009,218, and
total assets and liabilities of $2,570,799.—-V. 156, p. 2188,
The
was
company,
p.
,
,
.
we will continue our policy
to aid in the prosecution of
joinly owns 85%
of
unwilling to enter
would
who has been a special representative for the
appointed Assistant to the Vice-President.—V. .157,
Norman C, Einwechter,
,
Monday, March 22, 1943
which
Carpenter Steel Co.—Official Promoted—
the policy of the WPB by operating our
and night during 1942 excepting Dec. 25,
war industries endeavor to observe the
all-out effort
enunciated—an
,<war
CHRONICLE
THE COMMERCIAL/& FINANCIAL
1048
determine,
upheld the reorganization
plans treatment
Chicago, Terre Haute & Southeastern Ry,
interest
on
secured
claims
accrued
to
the
It
of bonds
held in addition
effective
date
of
plan is entitled to the same priorioty as the principal.
The Commission's action in setting up a
$2,500,000 additions
the
and
betterments fund also was approved.
On the argument that the Commission failed to consider in its proper
perspective the earning power of the St. Paul in determining the
capital division of the new company, the Court said:
"We recently stated in Consolidated Rock Products Co. versus Du
Bois
in
that
the
connection
with
'criterion >®f
a
reorganization
earning
capacity
(Continued
is
on page
of
industrial
an
the
essential
1077)
company;
one
if
the
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
Volume 157
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery
•
Below
furnish
we
YEARLY
-
of such sales In computing the
range for the year.
the current week.
4V4s, 1947-52,..
units—..
1944-54-—————J
•
Mar. 18
Mar. 17
Treasury
113.18
i
Low
3%S, 1962-67—.
—
Total
Total sales in.$1,000 units—.——
...j Low
1963-1068
[Close
«■
Total sales in $1,000
units...
—
2%s, 1967-72———
[Close
Total sales In $1,000 units..
-
100.21
100.21
2
Total sales In $1,000 units,
...
High
102.22
—.
Low
...
2*8, 1952-55
102.22
Low
——
Close
102.22
[Close
Total sales In $1,000 units—a—
(High
Total sales in $1,000 units
1
—
—.
3VbS, 1946-49—
Total sales In
....
...
Low
[Close
...
1
t
;
High
■
2s,
1
II
1
1
!
1
units.—
1
1
1
„
III II
Total sales in $1,000 units-
High
2$, March 1948-50.
1,0 w
Close
Total sales in $1,000 units
...
(High
Low
...
High
...
|
[close
[High
Total sales in $1,000 units
109.11
Total sales in $1,000 units
(High
...
\ Low
[Close
2%s, 1945-47—
31,000 units
:
2s,
4 Low
[Close
(High
J
Js, Dec., 1949-1951—.
j
Total sales in
(High
Low
$1,000 units..
2s,
108.3
.
(Close
1950-52
,J
...
108.3
...
Total sales in $1,000 units—
*1
.
Low
[Close
<
Total sales in $1,000 units——.—
(High
....
(High
108.3
...
Low
[dose
•
—
...
—\
.•{
1949-1951—
...
[Close
I%s, 1956-59.—
Sept.,
Total sales in $1,000 units—
Low
Total sales In $1,000 units——.—
3%b, 1951-54
units—J.——
[High
Total sales in $1,000
8
...
(High
]
2%s, 1948-51
Close
...
.
Low
109.10
3
...
2s, June, 1949-51
109.10
109.11
...
...
High
109.10
109.11
...
j Low
[Close
Total sales in
Close
.—
—
Low
2s, Dec. 1948-50—
...
Total sales in $1,000 units
2%S, 1955-60
lu
Close
...
Total sales in $1,000 units——
3s, 1951-53——
—
I.OW
1947——.—
—.
( Low
[Close
————
,
—
(Hign
3s, 1946-48
___
—
Total sales In $1,000 units
—
■
T.i>w
Close
2%s, 1954-56—
—
—.
(High
—J
Total sales in $1,000
High
•
...
$1,000 units
3 %s, 1949-52—
,
—
.—J Low
[Close
—-
10
[Close
...
(High
—
3
Low
—
'
[Close.
;
100.21
100.21
100.21
(High
3*s, 1951-53—
Low
Total sales in $1,000 units...——.
-
100.21
100.19
—.
Total sales in $1,000 units.
—
(High
3y4f, 1944-46-
100.19
100.19
(High
—
Low
Low
[Close
(High
3y4s, 1943-43———
Mar. 19
(High
2%s,
'
Total sales in $1,000 units—
—
Mar. 18
(High
J Low
—:
—
[Close
1943-47—
Mar. 17
In $1,00 units
sales
—-
(High
—————] Low
,
J %s,
Mar. 16
[Close
[Close
3%S, 1946-56,
Mar. 15
Total sales in $1,000 units.,
■
w
.
the New York
[High
.J Low
[Close
.
2Va», 1956-58
—
113.18
—
—
Mar. 13
Daily Aecord of U. S. Bond Prices
Mar, 19
—
.
(High
Mar. 16
113.18
(High
4 Low
[Close
on
Figures after decimal point represent one or more 32d of a point (See note below).
Mar. 15
Mar. 13
Daily Accord of U. 8. Bond Prices
Treasury
Total sales In $1,000
Federal Farm Mortgage Corporation coupon bonds
daily record of the transactions in Treasury, Home Owners' Loan and
a
Stock Exchange during
4s,
WEEKLY
sales are disregarded In the day's range, unless they are the only transactions of the day. No account Is taken
United States Government Securities on the New York Stock Exchange
.'.V
ijfi'
New York Stock Exchange
«»
-
1049
(High
.
IS,
Low
(
;.,—
1951-55.——
Low
[Close
[Close
Total sales in $1,000 units—,
Total sales in $1,000 units—......
...
[High
2s,
L-
Low
!HJgn
1953-55————
Close
Total sales in $1,000 units—
Total sales in $1,000 units...
'
-
(High
i
IHs, 1960-63——
Low
•
Close
...
—j Low
,
13/4S,
1948—.
[High
Low
—
„
...
[Close
Total sales in $1,000 units.—..—
—
Total $ales in $1,000 units........
(High
—
(Close
,
2%s,
1945—.;——:—...-
Low
(Close
Total sales in $1,000 units..—
Total sales in $1,000 units—
...
(High
.
—
Low
—
1948———:
2%s,
Federa) Fsrm Mortgage
(High
3*8, 1944-64—.—Low
...
[Close
■
■
(High
3s,
(Close
...
(High
Low
...
[High
3s, series A, 1944-52
...
Close
Total sales in $1,000 units
-
...
[High
4 Low
...
(Close
l*s, 1945-47
...
Total sales in $1,000 units...
[Close
...
[High
—J
...
Low
•
...
(High
Low
,\
2*8, 1952-54.
units
Home Owners' Loan
...
Total sales in $1,000 units...
—
Total sales in $1,000
...
j
I Close
l*e, 1950-52.
Low
—
(Close
Total sales in $1,000 units—...
2%b, 1949-53——..—
1944-49—
Total sales in $1,000 units.——
■
Low
•Odd lot sales.
(Close
tSale of registered bonds, all others are coupon issues.
Total sales in $1,000 units—
NEW YORK STOCK
RECORD
LOW AND HIGH 8ALE PRICES
Saturday
Monday
Tuesday
Mar. 13
Mar. 15
Mar. 16
# per share
I per share
%
62*
112 y2
112*
'1111*
•37*
39*
*37*
39*
47
47*
*47
477/a
10*
10*
10
# per share
62
*27%
*62
18
44%
44%
*64
62
62
39
47%
9%
9%
28
*27*
28
112
39
*47*
9%
41%
48
*47
9%
27*
I per
*62*
•ill* 112*
47%
93/4
share
63 y2
112
41%
47%
93/4
Friday
Sales for
NEW YORK STOCK
Mar. 19
the Week
EXCHANGE
f per share
62*
400
62*
'111*
114
100
*40%
42
20
48
93/4
48%
700
9%
7,100
275/a
27%
18%
18%
18
18%
18%
18*
18%
18%
43%
44*
42%
43%
42*
43%
41%
400
27*
18%
42*
*64
4%
49
4
100
*98
4%
100
27*
*64
27%
69
4
*64
4*
98
4
98
"98
69
4%i
99 y2
*64
69
4
4%
6,700
*98
99*
10
1*
i%
1*
1%
1*
1%
1*
1%
1%
1%
66.800
14 y4
13*
14*
12%
13%
125/a
13 y8
11%
13*
'36,800
13
14
13%
13%
12*
13%
12*
13*
11%
13
29*
30
28'/a
29%
29
29%
27%
29%
27
29
26*
273/4
23%
24
24
24 y8
24
24
23*
24
23*
23%
23
23%
75
•68
8%
8*
*68
8*
155*
♦12%
13%
*12%
13%
18*
18*
18 y4
18%
8%
8%
8*
75
8*
155*. 155*
*154
8%
155*
*12%
70
8*
*68
8%
8%
153% 154
*153
*18
18%
*18 Va
18%
is y8
8%
8*.
8%
18
*16%
17*
76*
76*
*75
76*
26%
26*
26
55*
55*
55
26%
55 y8
*16*
For footnotes
see
page
1059
17*
17%
76
:
76
26*
26%
55*
56%
*16*
76
X26
55*
Allied Mills Co Inc..—
57-
59%
7,500
American
1
*17
30%
21*
20%
21
1%
1%
18
*16
1%
18
2,100
1,400
200
Airlines
Inc
10
9
10% Jan
8
16V4 Jan.
6V4 Jan
4
2
73% Jan
7
26V8 Jan
17% Jan
7
% Jan
5%
7,600
Jan 19
7
140* Jan.
—No par
57*
18
30*
2
2
13
Jan 11
18 Va Jan 11
64
Jan 15
Allied
56*
1%
.
1,200
14,900
80
-fa Jan 11
.5
56%
*20%
1%
1%
303/4
8%
*77%
7
Jan 25
5* Jan
5y8 Jan
1.
1,100
20%
30*
80
85
,-No par
4,300
20*
1%
Dye
26%
21
•
&
75*
21
1%
Chemical
26*
21%
1%
83/4
Allen Industries Inc
8
Jan 28
3% Jan
Min—.—10
75*
21
*77%
Jan
8
26*
30%
80
48 %
67
—100
76
30
1%
18%
Gold
Allied Kid Co
-
Jan
39
,38% Jan
;
10.
par,
Albany & Susq RR Co
....100
Allegheny Corp.—
No par
5* % pi A with $30 war
100
5 * % pf A without war
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp.—
No par
Alleg & West Ry 6% gtd
100
Allied
Dec
43
10% Mar 9
27% Mar 18
18y2Mar l8
25 3% '
30%
1%
900
113
May
48% Mar 19
75*
30*
1%
1,700
Mar
5
26%
30%
.
83/4
8%
Alaska Juneau
Dec
May
31
6
2
76
30*
*77%
71
Vicksburg Ry Co.
51%
37
104
41% Mar 18
7% Jan
25* Feb
14% Jan
No
Highest
$ per share
63* Mar 12
112 * Mar 13
4
41V* Jan
Stores Corp
—No par
preferred..
100
Allis-Chalmers Mfg.
No par
Alpha Portland Cem
—No par
Amalgam Leather Co Inc
1
6% conv preferred
50
Amerada Petro Corp
No par
Am Agric Chem fDel)
No par
8%
31
80
4,800
14
*12*
18*
8*
♦77%
10.300
154
12%
30%
21%
8%
♦12
*78%
;
*68
15,000
'
153*
15
80
21
8*
*12%
*78*
80
71
154
13%
18
8%
*68
Corp
| per share
Feb 23
110
25
Reduction Inc.
Ala &
12%
.
Adams-Mills
t per share
No par
No par
Adams Express
Air
14
8%
Co
Lowest
35% Jan 23
51V2 Jan
100
-JVo par
Address-Mutigr Corp.—
14%
155*
Acme Steel
$ per share
-No par
preferred
Abraham & Straus—
3,500
13%
75
Abbott Laboratories
7,700
~
13%
*68
Par
.4 %
Year 1942
Range Since January 1
Lowest
Highest
Shares
44%
69
*98
2
62%
Mar. 18
10
4
100
1%
39
*64
4%
*98
115
*37*
44%
69
4
62*
♦111*
*27*
18
28
*17%
64
115
Thursday
Mar. 17
I per share
Range for Previous
STOCKS
Wednesday
13
*70
Mar
1
5
4% Jan 14
100
'Mar
2
2
Mar 4
14V2 Mar 12
14
Mar 12
30V4Marl2
24% Mar 4
64
Jan 15
8% Mar 19
156
12*
18%
8%
Mar 12
Mar
Mar
Apr
61
Jan
69
Oct
4
Nov
10
Mar
I3* Mar
69* July
A Jan
943/4 Feb
* Oct
3%
Apr
6 3,4 Nov
.'3*
Apr
6»A Nov
93/8 Jun
17
Jan
May
223/4 Jan
57* Nov
3% Apr
118* Apr
733/4 Peb
16
7% Dec
149
Jan
12% Jan
8
11% Apr
4
Apr
64
July
16% Nov
81
Jan
22
Apr
30 y8
Jan
143/4
Apr
19% Nov
U Au&
1* Jan
Mar 12
79* Mar 6
52
Jan
59% Mar 19
27
29 y2
26% Dec
163/8 Dec
413/4 Dec
May
23
x^7
8% Nov
10
Jan 14'
Jan
2
7
Apr
18% Jun
3
31% Feb 24
21* Mar 10
2
Mar 8
18% Mar 1
76% Mar , 4
26% Mar 19
13* Jan 20
.
45V4 Mar
.
Sep
5%
11
Dec
43
Mar
6% Nov
18% Jan
70% Oct
Nov
18 3/4
Jun
24
25 y4
Apr
58% Deo
"
1050
STOCKS-..
x/r.'
LOW
f
I
per share
I
thart
per
I
than
per
12%
12%
12%
13%
13%
14
13%
13%
52%
52%
*52V4
53
53
x7%
7
7
6%
6%
6%
6%
39%
39%
40
39%
40%
39%
39%
♦130%
132 %
*130%
131 Va
*130%
12%
53
5
5
78
4%
'
78
78
.
175%
XI73%
33%
32%
67%
67
67
21%
21%
21%
21%
105
104%
3%
2%
2%
7%
3
*7%
7%
7
3
*7
7%
4Va
%
4 Va
4V4
68'Va
67%
64''2
66
63
65'%
65%
67V2
67%
11%..
12%
11%
12%
1.2%
13%
13
57
57
57%
57 Va
33%
34
68 »/4
70
13 %
14%
12%
131/8
61
61
59
61%
34%
34 %
34
34% '
4
4
3%
38
*35%
r
34
*33%
38
'
59
60
*33
34
4
: 1
*35% '/■38
38
*36 7
38%
*36
'
6
*6%
6 Va
41%
42
12%
11%
12
91%
89%
90%
12%
92%
90%
91
"6%
7 "90
14%
14%
14%
14%
'•'
8%
8%
25%
'
2%
2%
2% /' ' 2%
28 Va
25%
13%
62 Va
'•,14
L
•
2
2 Va
27%
24%
24 Va
.
"
175
63%
13%
12%
131%
63
62%
63
13.! :/A
12%
62%
13Va
13'%
13%
.14%
14
14%
14%
14%
31%
31 Va
31 %
31%
30%
31%
yV; 30%
31%
"
42
41%
41%
155%
155%
41%
*
41
41
41
152
*145
152
154%
*40%
42
40 Va
;.
151
*150
*40%
42
151
151
24%
24%
24%
24%
24%
24%
23%
12%
12%
12%
■T-": 12%
12'/2
12%
14%
21%
21 Va
98%
*98i%
15
14%
14%
21%
21%
21%
21%
93
98
*97%
9^
25
*24%
25 %
140%
141%
141%
140%
51%
136%
9%
36
35%
9%
50%
51%
136%
138
138%
9%
9%
5 %
5%
5%
5 Va
5%
69%
51
•
.. .
7%
68%
68
5%
69%
69'%
*47%
52%
*47
28%
28 Va
28 Va
27%
*27 %
19%
20
/
3
*2%
112 %
4Va
53%
54%
54
60
52
33%
33
*53
33%
*38 Va
38
39%
111%
53%
98
*97
53Vs
52
.
•50
51%
32%
i
32%
32%
32%
*8
■:
•
8%
8%
8%
76%
77%
70
67% .'68
8%
.
32
*50'%
V
"
53
*
V
7%
7 Va
*'7
99%
99%
*95
77%
77
77
691/a
69^4
69%
*101
8%
*32
*101
101%
101%
51%
53%
52%
53%
51%
53
52
*76%
77 Va
77%
77%
77%
77%
31%
30%
31
30%
31
y
26
26
25%
25%
25%
54%
*53
54%
22%
*53
00
224a
'
'/
■;■"' -
54%
25
: ■25
*52
26
*53
,
;''v
54
106%
11%
11%
63
61 %
120
*118%
5%
r
36%
36
35%
*35
29% Mar 13
18% Jan
3%
Apr
Mar 12
142'/a
22
.
.
< Jan
Nov
6V4
,
165 i
Jan
,
12 >
9V2 May
6
Jan
59 Va
Oct
9%
Nov
Feb
141%
Dec
May
52%
64% Feb 17
Jan
Jan
Jun
13% Mar
XlOVa Jan
Jan
Jan
26%
Apr
81/4 Mar 19
165
Feb
26%
: k i«
Apr
12%
26% Mar 13 :
Va Jan
Feb
/
119
Feb '
151/8
;
Dec
Nov
23% Mar
x/-:/<% Mar '
'
lo Va Jan
Apr
21% May
2
Feb 15
1 XV 351/2 Jan
Apr
.
"5%
61%
118%
118%
*118
9%
<9%
•5%
1
■
■
34/
4
< Jan
2
56'/4 Feb
51
20
49
Jan
30
Jan
2
6% Jan
9
4% Jan
<; .7
27
99% Mar 17
4
8% Mar 15
72% Jan
11
2%
7% Mar-13
Feb
6%, Jan
-
79
1
.
7
69% Mar 18
53
Jun
Co.——No par
5
32
8
20
>
.*
preferred—100
Topeka & Santa Fe—.^100
preferred—-/——»/—4/^100
IOO
AS30C Investment
5 %
"Atch
5%
4%
49,600
.
Dec
100 Ve
Dec
81%
Jan
27%
Jan
53
Oct
Jan
2
78
Mar 10
60%
Jun
72%
Oct
26 Va Jan
13
32% Mar 12
19%
Jun
34'/2
Oct
19
Jan
8
26% Feb
15
16%
Jun
34
Jan
44
Jan
4
16
33
18% Jan
7
6b
106
IO2V4 Feb
54
52
Jan
Jan
12
X
Aviation,, Corp of; Del
<The)
—
7%
-28%
1—3
,
231/2
Jan
109'%
6
61/4
Apr
3% Feb J 5
36% Mar 15
2
5'/s Mar 12
•
May
Apr
9 Vb
l%.Apr
,
3'%
15%
Apr
2%
Jun
Jan
70
May
111
7
/
Dec
51
43
15
Feb
Jan
7-
Sep
46%
5
,-f
Mar
6
9% Mar 16
Vj
21
Jan
31/4 Jan
Jan
Apr
99% July
118% Mar 17
Jan-.7
2% Jan
45V2
14%
1
11% Mar
65'/4 Feb
«
113
,
-
8
Mar
53%-Mar
14
par
Feb
22%
4
50% Jan
.
108% Feb
Mar 16
6% Jan
Corp——..—-No. par.
Austin Nichols——Z—v—No par
$5 prior-. A—No par
'
Jan
28%
18
Atlas. Tack
300
Jan
83
53% Mar 16
preferred——.—100
5% coav
30
200
Jan
771/3
*•
6%
•
7
—.——5
,—.50
preferred——
Fowder————No
Atlas
Oct
July
82
:
Apr
4
pref series A——100
Corp———.
6%
■
Nov
Jan
.——-25
Refining——
A% conv
Atlas
Dec
8%
.<
1
preferred
5%
Jan
33%
•
;r..
44% Jan
RR——100
Atl G & W<I SS Lines.—
Atlantic
Feb
66
100
/ Atlantic C?oast Line
v
Jau
>671/2
,
61 '/a Mar
30
Jan
Mar
111% Mar
4'%
x
Jan
79
Dec
36
Apr
Jan
Oct
'1% July
••
May X
Jan
Jan
12Vt
Jan
59
4%
Jan
17
Oct
5% Mar
Jan-
30
Sep
Sep
Jan
Jan
-
112 '/a Mar
Apr
42
21
30
<50
,
Sep
40%
8% Mar 11
....
Mar
2'/a
•"•
5%
x
:/ /'X28%
Dec
102-
Jan 30
34% Jan
.
May > /
1
26
•
Apr
27%
27
46
Jan
7% May
;
6
4% Feb
Jan
12% Mar
112% Mar 12
2
Feb
5%
76%
107
27
39% Mar
11
Jan
108% Jan
(Dei) pf 7%: gtd_-l00
Co of Illinois
&
70%
Dec
Dec
Aug
29
880
•5%
3% Feb
2
100
340
13% Mar.
-5
Jan
1,000
X
13
1V4 Jan
Jan
Nov
51%
24
27
Mar 18
10% Jan
-
Dec
4
22% May
19% Mar 12
116
Nov
116 Va
38%.- Jun
6 ;
27 Va Feb
< 'Jan' .</■ 4
Jan
7%
33 Va
3%
4
Marl
29Va Mar
3
180
3%
5%
5%
5 Va
5»/4
5
2
24-
v
50
11
143%
3 Va
--
-
,92
6,400
36
'*351/4
36
?6% Mar
Jan
4
Jan
Apr
39
Mar 46
•7% Mar 12
24% Jan
Jan
Jan
v
Apr
1%
Aug
50%
(X
Apr
preferred--/.—z-—-_-/.-T00
/Associated Dry Goods
1
," ' "6%
1st preferred—.100
/;
7%
2d preferred—
^.-100
800
10
*3
3%
*3
*351/4
', 36 VI*
68
23
49%
108 »/4 May
26
■5% Mar 12
3% Jan
42% Jan
Midl'd——-No par
Daniels
Jan
Jan
134%
Apr
3%
36% Mar ' 8
63% Mar 12
-
7%
3,400
120
*9%
Cable/.—_No par
.12.50
120
>22
Jan
97V8
Apr 'X
■V 34% Apr "
13
119
21'A
r
33%
27
551/4 Jan
Smelt————1
preferred——25
Copper Mining—i—(.50
&
Jan
10% Jan
142
Oct
12
*
-
Apr V <
101%
1'
8
Feb
12
Jan
Mar-
17% Jam
27
Nov
21%
78% Mar
23
Feb
Oct
Mar
144
Jan
7%
15
3
3% Jan
-
V————100
9%
•
4
Mar
'*
Jun
15
Mar
36'%
Jun
16%
preferred—„No par
"lit
preferred——.-.
X—100
Armstrong /Cork Co.—/—-No par
Arnold Constable Corp
^^___5
Artloom CorpNo par
'
3 Ve
3Ve
36
*118
136%
Nnv:
148'%
-
Apr
2
2 5% Feb
144 /
53% Jan
No par
Woolen——.
'"US conv prior
] 6,500
11
26
Mar
5
1,100
62
10
-
,
preferred-/-/—
dlv
Armour
33,000
50%
62
120
*9
3 V'a
50%
-62
par
Armour &*Co
70
107%
100
8
Archer
"$5
100
■<:;
29
24% Mar 19
6
32
preferred—..——No par
1st
Preferred
500
21%
51%
*50 Va
62
EIec_—__No
Wks &
Waier
Jan
115% Jan
•$5 prior-conv
•':•? 4,600
52 V2
10 3(,
91
preferred——————100
■Amer Zinc Lead &
2,400
X
151
2
'•$6
'?'••' 130
25%
8
19% Jan
11% Mar
•12
400
'
132% May.
T
No par
Apdes- Copper Mining———20
A P W Paper Co Inc.:.——i—5
>
31%
52'%
2
14
'5 %
Jan
43
//:■
35% May
8
41 Va iFfcO
2
Feb
500
77%"
25%
35% Jan
145
6% Jan
preferred
.
American
«5,000
;
24
155% Mar -15
5
<1
•
•
129% Jan
•Am
12,900
.
6%
3
42 "<B mar
7
-1
25
•:
1,400
52%
1071
52
9%
*
,
110
•21s
VZ
3714 Jan
144% Feb
X——1——TOO
:t6%
••
Biti.
class
Common
200
<
15% Mar
32% Mar 19
5
'Amer,Type Foundries Inc__———10
American1* Viscose Corp——.——14
■:<;
200
;<: 30'4
-5
20
!
76%
< 12-'/4. Jan
'•■":' 27Jan
"•
4% Mar
13% Mar 19
6
T6V4 Jan
5
50 '4
■
8% Jan
55% Mar* 5
10,000
8%
10%
10 Va
61%
36%
'
5% -:
5%
5% '
3 Va
...
•
X
;
May
113%
19
Feb
30% Mar
2
111% Jan
76%
*1O7V4-1j07%
10%
*50 Va
52
*62%
120
9%
3%
*3Va
3%
3%
*35
*118
9%
4
J»- •hi
Anchor Hock Glass Corp
69%
21%
21%
107
10'% "
53
*52
22V4
107
11 Vi
61%
120
*9%
9%
106 %
*50 Va
62%
21%
22%
10%
52%,
*51
52 Va
*61%
*9%
106
11%
*51
*118
22 Va
107V4
11%
108
*105
121
116% Jan 29
x26 -/■: Jan
4
/
Nov
•
12%
"7%
Apr
16
19
91
Jun
,
Jan
10'/4
Jun
9'/a
Mar 12
-2
20
]
101%
25%;
*25
""
22%
26
400
3314
'52%
31
4
43% Jan
"Anaconda W
I
•'
8 Va
*101
52 %
:.'x
81/4 Jan
11
54% Mar
160
1
105
*32
101
101
51%
32
6 Vt
65
14% Mar 17
7% Feb
40% Nov
35% Mar
<
92% Mar 13
7
2
600
68%
33V8
*32
33%
101%
31 Va
20
2
100
'*75%
101%
32 Va
23
14
I
'7%
..<
8 Ve
8%
8'A
8%
102 Va
31%
Feb
12% Mar 12
42% Jan
•Anaconda
.
52
8Ve
8'/e
8%
8%
69%
34
77%
Jan
2134 Jan
Sumatra .Tobacco./,-——No
15.000
32%
"7%
*76%
*32
77 Va
7
127% Jan
100
53%
50 %
99%
99%
69
77
Oct
par
11,600
r
32
52
8%
69
76%
4%
Telep & -Teleg Co
——.100
; American: Tobacco—1—1—25
200
I
41/4
'
,
J 3.400
38
38
■
32%
32%
*100%
,
Nov
2
46
201/4 Jan
Amer
•5,900
110% 111
.52%
771%
*76
32%
*32
32
5%
7V8 Feb
2
Preferred————100
Am
"
•';•:•''a;::X
:
99%
8%
8%
77%
*67%
Apr
5
'
7%
7%:
*97
j
2 V2
% : 4%
4%
52 %
'
*76
Dec
2%
Jan
6.500 (
•
;%
13
2%
37%
4Va
53%
54
*50
.
May
37
Mar
7% Mar 12
15
.7,700
116
*12
"■<
3.10% 110%
4%
i
18%
2%
Va
4
4%
4%
;
xX2
1%
25
Mar 18
13 % Feb
850
«
27:;
'13%
37%
38
111
*110%
28
*114%
*2%
2%
2%
2%
*110%
98
98
Jan
r'.'•■•'
41/8 Mar 18
43
14
21,600
18%
116
<■"
*12
13%
*12
13% '
118
120
*116
120
2%
7 Va
7%
7%
■
Dec,
17% Jan
.8,700
:.x
'"*26%
V
/1,900
:V.
-5%
48
27%
27 Ve
27%:
"
7%
56
6
700
68%
48
19'
8%
*8
8%
*8
Apr
2
900
6%
68
//
•
27
52
Oct
x36%
-5
Refining———-100
12,300
68%
;V:V-5%'":
48
*18%
•33'%.:
V;
36%
2
54
Jan
Sep
2
154
Oct
%
32%
Mar
9
American Sugar
\
/•
i
-5
.
6%
5%
•■'
*44
*26%
541%
...
5%
5%
48
19
.
•
,
62% Mar 13
x
11
par
Co
36 %
*67
68%
68%
67%
28%
?12
4%
4%
4%
5
27%'
28%
*116
*110% -111
:
6%
27%
39%
*38 Va
39%
*39
112 Va
67%
27%
>
•<
,
117
*115
4%
4%
6%
*18%
3
*2%
;
Dec
6
37
v2
—No par
American Stove
«%
36%
36'%
116'/a
19%
•13%
*12
12%
12%
35%
116%
67%
5%
*44
51
9;,
27%
28
4% Mar 17
Jan
American Stores—.————.No
137 '
'V 1351/4
'XV
9
27%
■
7
120
*116
120
*116
>
ilr Jan
2
—No par
Amer Steel 'Foundries.-
52%
5i%:
135% >
x9
>18 Va
27%
19%
/■:■
28 Va
27%
*19%
7
1
24% Mar 12
400
x-;'f
25%
51
51%
51
134%
6?a
-
67%
5%
5%
I *47
52% X
Dec
3
-
12% Jan
preferred—_x_Vi—-x—100
•
10,100
i 99 V2
50%
5%
6%
68%
68%
5%
5%
6
-
"bv#
•8,100
140
'
67%
4%
7
51
'>'•
118
*67
68
6%
American Snuff
10
t
'
■
,139 V2
f>.
•
"
36%
35%
•
6%
tPreferred
,3,200
:
24'%
25%
25'%
140
50%
9%
*ii6%
5%
68
69%
*67
7%
7
Dec
42%
2'/« May
23
•81VB Jan
Refg———No par
^
•
100
^
-25
Amer Smelting &
100
par
Building Co—l-No par
•
I
14%
,
.99%
98% /•
25
"
*65%
x
23%
23%
139 Ve
V- 137
9%
118
*116%
*14
..
Seating CoNo
Ship
Amer
*
50%
36%
36%
36%
118
*116%
Dec
8%
35
36
-•
Safety Razor—50
American
830
;<i:
151
.% 23% /24%
12%
12%
14%
98%
25
51
136
•/>;:■■
24
American
.'
(5.100
]
.
12%
23
140%
51
51
51
,r
98%
139%
1/
.'■•••
22%
24%
141%
,10%
36
%
118
*116
25V4
140'/a
53:18
54
10%
*97%
>24%
>
53
138
54
137%
21%
'
98%
51%
53 Va
♦53
14%
'
491%
Jun
5
....
Jan
2
25'%
.7% Jan
preferred————-100
4 % %' effnv
.
1.180
'
fll %
*145
12'%
14%
*14'/4
! 1,700
<1,500
' 32%
>153 > 153%
*41 ■
42 %
<■>:■<,
23%
12%
14%
;
40%
•
151
,3.4%
24%
12%
-42
<<
*145
;
15
••
32
153%:%
153
155
i
41%
41
41%
40%
155%
1551/2
*40%
*147
'
41 %
155
41%
155
13%
15
13%
13%'"
15Va
13%
%
I.3V4
14%
13V+
14%
13 %
15
31%
■
{2,180
__l-
Rolling Milb^.———.25
American
18%
Mar 12
;
Mar 10
Jan
V
Jan
Jan
39% Jan
.,
Dec
Jun
32
Jan
>
-
Nov
16%
4% Mar 12
72
7%
'25'/a
3'/4 May
:
4
Mar
Nov
%
5% Jan
..No par
; 100
San'y
Nov
3
Jan
__
15
13 Va
63
Rad &f Stand
Prefe rred
10
i
13,500
13 Va
62%
31
13 %
Am
preferred—
Dec
16%
%
10%
4% Jan
-100
Light—V——.No par
—No par
preferred—-No par
*; "$5
170
12%
63
(6,700
11,300
/•■W
14% Mar. 12
37'/4 Jan
i_— No par
Co
News
28
-
4
'
Amer Power &
38,500
<
8%
.v
*164
165
13 Va
•
-
1
preferred———
American
S6
25%
8
8
165
175
*164
24
24%
7%
8
6 fi
40
500
17,300
1
28V4
26%
26% <27%
23%
v f
IOOV4
7 % Mar /
x
3
65% Mar 12
2% Jan
par
Amer Mach & Metals-—
No par
Metals Go Ltd-tx.V-_-No par
,
,/>. i
30%
2%
&
8
21 x.
53% Jan
—50
•;' Amer
1,600
25
:
30% I
x "2
X
Va
26%
7%
{1,400
122
25
>119
r.:-$
.30% >
30%
27%
8
8
Mach
Amer
Jan
-6
35^-
—100
Fdy Co.—No par
Preferred
/
Dec
.<
B
Feb
30-
Locomotive——X'No par
American
11,900
14%
«
8
■122
*119
.
f3,500
X.;
25
*24%
2%
89V4
;x
v
'
62%
131%
63%
62%
2 >
19,800
89'%
"
8
8
140
12 Va
7%
22%
May
92
16
Oct
18
Dec
Jan
39
-—-10
Icev^-ViVj-V—-No
Jan
14
Jan
7-
x *
_._100
Amer Intemat/Corp——-_._No par
"American Invest Co -of 111./.^—4^1
5% conv preferred-^
—
.^50
200
43
11%
14 Va
14%
1/': '
30%
'
90
251/8
*164
13%
13 %
Va
119"f
30%
2'4 :
■
7%
;
170
*164
175
>
8
7%
2V4 '
88%
f"
"24%
29
25%
8
7%
♦164
xx
:}.
6
43
;.
18 •'»
°/t non-cum' preferred
6
700
io.500
7%
*5%
6'/4
12
271/4
29 V2
%
25
"
American
i
Dec
71/2 Mar 11
46 Ve Jan
par
Home Products
American
18,000
7%
43
11%
25
;>.
119
X
30%
30%
30%
26%
29
125
'
29%
>: 24
25 '/a
.
125 :>;
*120%
:
30%
|2,400
3%
43%
•
Mai-
103
,
'
Leather. —1
&
preferred—
conv
.61%
3%
*43
7%
*41
8
8
8
25%
>120%
25%
25%
26
125
30%
14
141%
114%
"14%
V 8
8 Va
X'
•
%
6
38
61%
y
,
4%
43
*5%
6 Va.
43
*6Va
12%
"■
7
7%
•
12
92
*120%
3%
42%
Hide
110
Mar
Mar 13
17% Jan
31/4 Mar
2
±No par
American
.
Jail
May
3% May
25
•
20%
May
24
101
■
2
6% Jan
_No
preferred.
8
1% Jan
■
par
American Hawaiian "SS Co^
10,400
15% Jan
1 Jan
"
-1% Jan
$6
>1,800
'
*42
12%
12 Va
8
4
42
"7 '
62%
.
'
"'3%
41%
7%
;
43
*41%
61
62%
62%
-
41 •".
7 Va
:
61/4
6%
%
43
*42
62%
3%
' 3%
v4i
x
7
7
7
7
%
40%
40%
40%
*39%
3
3%
3%
*62
62%
62
62%
3%
27 •/
•97% Jan
9% Feb
18% Feb
.
•
24% Jan
$7 2d preferred A...
V
i 1,500
"
62
2
1
Power—..— .No
preferred..-——..; .No
$7
55,600
4%
>35%
V,/;,'
-14% Jan
par
Export Lines Inc.
Foi**n
&
Amer
{4,700
<34 V#
>
4 Va
4%
4
'
•
62
V 34
■4%
3%
26'-'
par
European Sees.;—.—•_ .No
American
15,900
13%
61
'
3%.
4
*36
■
American
Amer
1.200
f
,
Co^.2—— .—.20
Encaustic Tiling:
Distilling
Afne"
i 300
7 V.
■
26%
3%
67
1
6% Jail
Jan
73%
16
V
Mar 19
23
19% Feb
Oct
33
15
4
Feb"
96'.
Dec
Dec
89
110Mar 15
"
3%
176
May
-
Feb
74%
Apr
Apr:
;55'/2 May
106% Mar 19
.25
Jart
130%
105
5
28
.
.—
•
27
18% Jan
•
par
J
22 % Feb
V
6
.
Mar
20
34% Mar 12
72 Va Feb
•
Oct
33
Apr'
159
109% Jan
100
.No
N
1
6
6%
x
56%
17
176% Feb
Nov
49
Apr
Apr
1 Va
•
85% Feb
9
15
91/4" Oct'
'
,120-
5V4 Mar 12
2
241/4 «Jan
par
—
24
an
154V4 Feb
<
American ••'•'Color-type • Co.— .—10
.10
American Crystal Sugar.—;
100
"6%
1st preferred—„
270
I. 800
i 1,600
< 'V
•
•
2%
2%
.
20 *
173
'23
:
[
share
per
3% Mar
Jan
71%
;
•
25%
4%
4
x
••--.
.—
Coal Co of Allegh Co
-Afn
.?
>3,400
J
17
.
*7 Va
7% /
.
26
26
X
520
"... tl.OOO
99
17
2%
,*2%.
2%
16%
Inc.— _No
Cable
&
conv preferredAmerican Chicle—
90
'
16%
■X 99
17%
*17
9
100
/5%
.
;
'
100
*99
26'%
26
4%
1.6%
*8%
4%
4%
4%
4%
>
-V
17
'2%
'7V4
•'
'
7%
27
27
16% '
100'%
17
■
?
23
23
%
17 % ■•',
8
8%
Chain
Am
80
106% j
105%
22%
22
: •
9 Va
.99%
2%
2%
*7%
26%
26%
27 V*
*26%
"
•
Va
22
16
16%
17Va
17 Va
17%
%
100%
*100
17%
17% '
9
16%
16%
100
X100
101
*17
22:
8%
2,300
3% Jan
'
Highest
I
Jan
38%
5
130Vs Feb
'4"
Year 1942
share
per
4
40 V*4 Mar 15 -
2
.
5%
7% Mar
4
-
S
54 l/2 Mar
5
.
■
Lowest
share
per
'
.
14% Mar 19
:
127% Jan
Pdy__„— .No par
&
Jan
5
4V2 Jan
100
Car
1
share
27% Jan
25
,
Preferred
1.700
21
110%
Cable
American
8,900
•67
66 Va
20%
*109%
105%
105%
106%
106
"
21%
/. .——100,
VI
& Radio Corp..
American.
Y
tPreferred
,
230
32%
47
Bosch
'!
1
Highest
8% Jan
>.
5!/4%- conv preferred
■
Amer
1,200
x
'
176
31%
110%
*1.09
.'
11.000
4%
77%
176
66%
66%
21 Va
21%
110%
22
9%
91/4
xl6%
16%
16%
100
105%
*18
22
9%
9%
9%
104 %
105V4
*18
22
*18
21%
110
■
32%
32%
4%
77 Va
■%:,
176
175%
66%
*66%
■•
*109%
21%
21%
1 -10.
110% .110%
115
*103%
'
67
66%
"66%
4% '
77 Va
•
Corp__—; ...—1
JNo par
Am -Brake Shoe & Pdy„
50
4%
t per
—<.2.50
preferred———
American
5,300
129 Va
77%:
176%
33%
39
40%
129%
Xl291%
4%
176%
33%
39%
*128%
-6%
/
260
,—10
Bank Note^__„_.
American
1,800
6%
40%
*40
77
77
175%
32%
,
53
6%
6%
*6 Va'
131%
4%
77%
175%
33%
*107%
'
4%
77%
5 Va
4%
%
176
33%
131%
*130Va
78
•175%
40%
14%
53
13%
53
53
53
7%
12%
53
[Par,'
Sham
9.800
Lowest
'•■••.
»<
•
per than
I
! per than
than
per
Range Since January
EXCHANGE
the Week
Mar. 19
Mar. 18
Range lor Rrevlous
"
YOTtlt STOCK
NEW
f«*
Sales
Friday
Thursday
Wedneadaj
Mar. 17
IVIar. Hi
Mar. 15
Mar. 13
*
HIGH VAL1. PRICK!
AND
Taeaday
Monday
S*t«r4«y
Monday, March 22; 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
,(
!.
116
31
4Vs
i
Jan
Jan
Dec
Dec
Jan.
B
16%
7
16%
16%
7%
16%
6%
71%
9%
11
16%
6%
61%
10%
"
11%
10%
lO'/a
10%
10%
10%
6
16% /
15%
16%
.,
6%
6%-
6%
Va
10%
9%
X
•
10%
10%
934
10 Va
9%
9%
*9%
9%
45
45%
46%
47%
47%
473a
46
15%
15%
15%
ISVa
15%
15 Vt
151/2
.
.
46%
46%
15 Va
47V4
15%
*45
T6%
.
16
18,500
1
10,600
Baltimore
47%
•>
4 V#
•x
,
7Va
"35
35
*34%
35
*34%
7%'
*7
<7%
7%
35
.
,
*34%
,
■
.X
19%
19%
19%
191/2
15
14%
15 Va
14%
26
"25
26
*26%
27'%
*27
27%:
*104Va
113
104
?
10%
10 Va
113
102
HOH
; •
I41.4
•
18%
71/4
14%
191-4
35
*34%
35
■
'■
7%
*71/4
■
■
19
3.9%
7%
24 '/a
25
*24%
27%
27%
*27
2714
-112%
112 Va
112
xl8%
25%
27 Va
114
27 Va
10%
28
•*27
27%
*101%
102
11
11
11%
102
*54%
55%
54 3 4
28 %
28 V*
28%
19
38%
38%
38%
38%
38 Va
38%
38 '/a
1414
14%
•14%
14%
14
14%
13%
*541/4
551*4
*541/4
551/4
*541/4
551/4
*27%
28 Va
*28
28'A
28 5
28 s a
Va
■„
:
11
38
38 V4
14
14
11%
11%
63V8
64
-*114%
115%
For
footnotes
111/4
11%
see
11%
11%
63 34
63 %
115
8
63 3 a
64
115
page
•14-5% -115%
1059
;
11
62%
115
<11%
63%
115
11%
625B
114%
54%
28%
3.1%
63%
115
<
*54%
*28%
11 %
62 34
115
11
34/4 Jan
6
Mar
.
4
i3
473/8 Mar 16
171/4 Feb -27
41/2
Jun
4
Apr
22-
Jan
6% Mar
36
13%
Dec
Dec
9
13
8
Feb
15
Jan
5
35
Jan
29
2
15Vs Mar. 13
8%
Jan
12%
Dec
12 Va Jan
13% Jan
7
19% Mar 13
12%
Jun
W/o
Jan
Apr
,X23Vi
Nov
5l/a%"
;
300
:
,
40
*
1
:
1
;
.
'
;
•
37,800
.
6,000
4,300
z
100
400
Creamery—
Creek
<
Pr
Indus
par
pfd $2.50 div series '38_No par
Best it 'Co.
Foods—
11%
8,300
Best
9,100
Bethlehem
7%
-No
Steel
preferred
—
No
par
Mar
9
26
6%
33Va
4V2
151%
X27% Mar 11
20
Mar 16
103
114
Apr
26
Nov-
Dec
Oct
Mar
105
Oct
30
Feb
281/2 Feb
9
23%
Jun
102% Mar
8
64
Apr
110%
Jan
93 x Jan
12
•4
11 'A Mar 3.5
6% May
9%
Dec
Jan
2
20% Mar 16
9% May
17%
Nov
12
34 'A Jan
-
4
13% Mar 17
54% Feb
22% Jan'
8% Jan
—
(Del)—
Mar 18
26V4 Feb
Apr
24% Aug
'91/4 Jan
:
Loanw,
16
27
.
—No par
Bell, Aircraft Corp——
—1
BendiX 'Aviation—-——
5
Beneficial
7
24%' Jan
112
Co—————20
Belding-Hemingway
63%
700
23 Va Jan
-
,
—50
RR
Beech-Nut Packing
"
:
-1
Works Corp—
Inc.———No par_.25 ■•
"preferred w W————No par
Beecir
100
1,700
•
$5
——ZJ>"
Co———
Cigars-
Beatrtce1
.
Oil
Iron
Bayuk
30
preferred.-—————50
Barnsdall
Bath
11,600
■x-
1.4%
115
Jan
11% Mar
2
Feb
420
551/2
28%
Jan
6 '/a
2
.5% Jan
■
Jan
12
10,800
11
20
Jan
4'%
■71 Va
Brothers.xa—/———No par '
30
19%
14%
Jun
'Asphalt:
111%
27%
Jun
12%
Jan
6
7%
Barker
200
102
9%
Mar'4
Z51/4 Jan
'X
preferred————-100
Corp/—————10 '•
5%
Mar 12
2
600
/
/■'-
25
38%
13%
20 V2
*57
19
Aroostook—i—Z—-—;-50
17
2
3% Jan
Barber
27V4
20
3 8 Vb
14
19'%
:
*100
11
10%
38%
18%
20%
*109
101%
19%
19 %
■27%
27
27
20
I9V4
*24
112
101%
15
'
35
14%
:
%
19%
25 u4
.7%
34%
■:'••!
14%
14%
19%
*101V2
111/4
11
15
:
*27%
114
27%
*26'%
28
*27
*101%
141/2
.
25V4
*25
*110
.
7V4
.
•
10% Jan
:
c_——13
Ohio_*——».//——100
4,200
■
*7%
&
Conv
370
&
"preferred—-/—J——.100
■Bangor
5,800
.
.16
,
Baldwin/ Loco Works v t
.
20.500
6%
10%
10
,
16
16%
■15%
6%
-10%
1114
11%
16%
.
23
7
5
No par
5578 Jan
7
100
1101/4 Jan
4
39%
Mar-'l
28"% May-
16% Feb
25
9Vs May
55»/4 Jan
20
46% Mar
28% Mar 16
<11% Mar 12
64% Mar
117
Feb
4
24
17%
8%
151%
Nov
54
Sep
Apr
241%
Jan
Dec
8%
Dec
49 V2 May
105
39% Jan
July
66%
121
Jan
Jan
'•Volume'157
THE COMMERCIAL & FINANCIAL CHRONICLE
'Number'4161
|
;
L0W AND HIGH SALE
-
i
laturday
,
J
Y
'
'•
8%' '
.
Y
10%
*10%
*87
11%
93 ,
18%
i *44%
19%
!
45%
;
-46
21%
■'' 21%
4%-
4%
32%r 33
1
:
21%
25%
24%
'• .V'1/''11 %
.
40
.
'
,
'
40
'*39%
•
V
32%
23%
••••;••>
U- f',-
%
40%
1%
i v.; -.-'12%
•
1
40%
-'r''
40%
12%
-
} V'v' *35-.':
36
V
16%
16%
'16% 17
,16%
17-1
'''y.'8%
8% %■•. I .'V-8% .'.'8% ' •■.'■"•''•8%
8%
" *110 yil4;Sy,'j *110% li4 l
*110,/41! 114
5% '■ 6%'^":;5%
•
6
V:1 V
5%
5%
"
f
;;
"
•
*97%
V;V>/i9%
>.'■
I
•;
101
7;
y' 98
17-'
22%
y *22
-
x28%
98Va
*16%
1
v
45
>
45
.
.
95
*
14,500
900
i
22>-
21%
25%L:
_
•
4%77
v
'
39%
^39%';.
'
^25%V25%i
:i':'.:.
39% v,:
1,100,'
4,600
7,700;
:
,
22'/a
800 "
•'
>„No paf
Briggs & Stratton„
Jan
Jan
16
7
4
4
Vy
j
'<•
8% i"• 8V4
>
'
18%
•
•v
" 21%
,
Budd
9%.'yf9%i'-
.*22
Wheel-—-.i—..i—No
Budd
10,100V"
^
100
J
600
Bullard Co
22
>
8
6%
14%
19%
.24%
20V2
—.1
Np par
V'
•
'
8%:
> >' *39.r,
v./:-y 6%
*41%
•{
.{'
\
■
I
>^
8%r"
.18%
-l8%
:-
8%
»:8%'
40--:
40
-8V4
••
40% v.
.*38
;
.
135%
•
136 '
-136
,
34
-*17% i:17%V17%x 18l !
1818% - :-> 'l8% -18%\
39%
7
•••
*28%
4%
4%
29'%
*28%
•
c
%
V
:
•
'
-*136- >140
•
' *136
140
Cannon
Mills
—No- pur
i
-
Capital Admin class-A—
1,6007,
V 240'
-
S3 preferred A——!
-1
J—10
'
280
-
•
.
Carpenter Steel Co_i
1
5
Carriers & General Corp——V—.1
Case (J 1) Co—1—————100
V 600 *
V 1,300 V
■ 7
.!
Carolina Clinch & Ohio Ry—100
500'
:
28'%
v»4%"*M'%:'/" ■>• ':*4%.''.'-'4%<96% y--94'> \<
>i '93%* 93% 140
: Canadian Pacific Ryi-.——25
,
2001"
-
'.'
4
*135.7
130^
27,700
92%,
, 92 '
■
". 28 •• '
"
V
>
40%
92% $
92%
29%
93%
97'%
7
2.40O-'
'
' 39%;
*38
v-*7 %
92--
"
136
39% r •"
X40% ;^40% *."
42
92
yy
*38--•
7%
7 ,*41%
92
29
Zinc-Lead_.„——7—-1>
Cftlunwst & Hecla Cons Cop—5
Campbeft W & C Fdy——No par 4
Canada Dry Ginger Ale.
5 .V
Canada Southern Ry CO7—J.100 ^
1,400
;
V':;34*31.■-f;f,-j4:%'2:.y *32r:-'; 34%'':
v g%-v... .-S' r:''
8%.
t *
8y-
i *38%
42
>
•
7!b
39%
'IV*
,
-
•
*
136
:18%
>
8%
I 6% y./VV .7y">'...7y:'
.-'7%
4242"-> 42'vl,v7..., *41%
y, '*92
.-92%
■«; v-'92%,>.92%.
91%
1 *29 .'.291/2.;!
29
; 20
•
.,
29
4% ',7 4%
.' .77 ..4%
4%. •-.,*4%
97
97
'
,96'/2
97 : '
'
*95%
.'*134
18%
18%
^6
^S4:
*34 V'-7 36--^V' ^
"-
Callahan
.
-17%
18a4 ..'
18%
•-
>V*52'xV 63%'^ ''
."'';>r%r-•!%' '\V'.. 5,300V
: i.S ir'^8 '::t
y 5,800 v
70%
4
5
■*>
Jan
Jan
6"
2
95%
Feb
40%
Jan
17%
Jan
22%
Dec
28%
Dec
3%
Oct
Map
,
7%
24
26
30
.
Jun
Jan
2%
'
53 f
57% Mar 15
51
12% Mar 4
5Vb Mar 13
Jan
Jan
6'
6*
6% Jan
'2.% Jan
40'
Sep
Jan
Jan
Jan
2
2
2
Mar 13
Mar 12
18
Mar 12
Mar..3/ 12% Mar, 4
76: Mar 16
>
20% Mar 15
8
6% Jan
l'5V2 Jafl
10
7 ■> 25% Jan 21
53% Mar 8
,
Jan
Jan.
9% Apr
27%
•
..
25
-43
x85
Jan
7
92%
■
25% Jan- 8
' 30
3 V* Jan
8
4%
V
77% Jan 11 '
97%
Jan
3%
Dec
85% Dec
7% Oct
15% Mar
25
>57
55%
9%
•'
■
Oct
26% Nov
20% Dec
,
3Va
44
,
Dec
Dec
Oct
Feb
Nov
24%
Oct
6%
.
Feb
21% July
3% Jan
.
'
,
•
10% Nov
95
Jen
17
Dec
,"22%
Dec
53%
Nov
1%
Jan
•
•
"
.
7% Nov
15%
1
:'
■
Dec
33
.
Dec
3% Jan
Aug
73/b Nov
-
37%
38'%
Dec
89
Jan
•
47% Mar' 1
• 33%' Mar :12
-103%Mar<9
123
Feb 24
28% Nov
*
'
2% May!
54% "Apr
117
3% Nov
78
Jan '
30 15
82 '
110
77
\ 6'/fl
66
16
1%
90
1%
11 ,
Feb
4% Nov
Apr
22% July
136 Mar' 8
,
16% Nov
.
77
Mar 15
Feb ' 2
Mar 13
Mar 12
40% Jan 21-26% Jan
7
Jan
112% Jan
29% May i
1% "Feb
32
Apr-
Mar-4
6
Oct
8%
16% Jan
50% Apr
% Jun
1 5% Jun
.11% Jan
<■,
lVa Mar 1 4
4- >4 • 8% Mart 3 r
7
• 18% Mar 12
13
±; 19% Mar 12
23'
34 : Mar 4
9
8% Mar'13 ■
21
"■ 40% Feb 277
2
7% Mar 16
.
Jail
Jan
Feb
Jan
Jan
14%
Jan
4% Sep
19% Feb
2% Apr
6% Mar'
69% Dec
...
Mar 16
2' •«
35
,
Sep ,
Sep
May
May ■!
May <
Apr Nov,
57.% Mar 15 '
Jan
% Jan
1% Jan
10% Nov
Apr
2
NOV
43
47% Jun
4.
4
» % Jan
21% Nov
35%
,
7j
Apr
28% July
2
.
.
Apr
Mar
Jan 1 5
Jan
8
20V* Bep
9% Nov
Apr
1
Dec
31'% Nov
A Apr
5%
11%
16%
19%
14%
32%
7%
25%
:4%
;
Mar
May /■'
Jan
Jan
.
.
15'% Jan
Mar 11
,55'
43
May
24% Mar 15
'
-
9
40
-
Jan
25
xl5
9% Mar 15 1
17% Feb 10
23% Mar 12
29%'Mar 3 '
4
-J..100 y 127% Jail
Preferred
;
/
Dec
21%
19% Jan
1% Jun
6% Mar 12
Jan
Jan
13%
29V2
6%
36%
4%
Jan
75
Apr
13% May
18% Mar \
Mar.12
107
Jan
22%, Jani
53% Mar
2,300-yCallforii!« Packing—ii-i—-No' par:
%-Vv' • ~l: 5^ preferred—50 "
24
r ■%': *52 'V'; 53%. 'VV-' *52'f- 53%'
',1%' "V:,V-1%>> 1%^-! V.;i% -
53%
.
♦
■'
%Y'24'..'^^24 Wi
Ve: ^
Jan'
12
17
Mar 4;
9% Apr
97s Mar 4
6
Dec
107
Feb 13
xl03% Mar
2
3
>
par
Buffalo Forge CO-—
22
,
Jan
.76% Jan
Mfg—.——No pnr
(E G)
7.% preferred-:———- —100
690y '
16% -16%?
*16% ' 16% " ; .
V 22Va V'1 '■
;
22%-
25,000
.
.*
Jan
Apr
30%
.
.
Bruns-Balke-Cpllender———No. par ,
13
Jan,
2
Bucyrus-Erie Co
5
; 6% Jan
.7
7% preferred--.—J.——100 •" 104% Jan 12
,
t y.>'*v8V4y- •" v. 7%• •' 8
17% '18% ' "; \ *17%
18Vb
.
j - .19.
:
*34%^ 37.Vvf;'•
>'
5
18%
19
11% Feb
14%
72
Mar 11
27
,
Jan
Jun
,
58
33
Mar,13
22,Vb Mar 17
Jan
Jan
7%
July
13% May
25
May
9
94%-Feb 26
46% Mar 16
.22
Dec
19%
8
19% Mar.16
47%Mar 1
8
29
11%
25% Mar 18
31% Mar 16
5% Feb 24
.
'>
Feb
Apr
Apr
5
y 33 >
28%,
24Wi'.::'249,i
97:
f per there
Sep
14%
Mar 18
Jan
2Jan 13
Jan
9:
9
24">:.,24V4 :
'V-y *52:Vvv53% :yW;'»52 ■ :v' 54y>.^'>- *52
1%>- 1%
•-T%,;/;1%'
v"M%
11
22'%
26%
2%
28%
20
,
'1
18%
25
Jan
5,100,
4,200
.?
:
98 ,v 101 V» / *' "'98 f;r,' 99»%('
--
♦16%iv16%
■
■
,
1
17% Feb
91% Jan 12
38% Jan
2
" *28% ' 29 %
*28 %"'V29 ■: '.:V 28%.jx 28%^
^ *Z8::\/28.%,;-; V.
500// BulOVft Watch——L -No pflf
y-' 23% 24Vft
23%
23% :
23% '23%,'' ..••''7'23%' ' 23%
23,200
Burlington Mills Corp.
1 "
>
.7 e, > 56% -56%
56%
57% •h:*', V5«% 56 ^ V«56rVC:/:!?: 56:\'i 56,%.:'"r 'V'> 55%
56r
"
3,300," " ' Qonv. pref $2.75 ser—_Nq par f
54{{;f
V V" 55% ' 56%
57- -v-57%;.:: "56%
57
T56
56%
- 56
56 V4>y:V • 55'/4
55%^
: 5,200: Conv" pfd $2.50 Series——
53J/4
v
;vy' 1'1%-..12'
'41%yi2 ,y>..Vll%
12 < yy::il%: J12y,ll%vyil%.ry';'Vll%.yii-%r./ -v-, 8,700r' Burroughs Add Mach_—i—No p«r /
9%
-5
g,.yr.■5:Vft ^1',7>'4% ''-5%
v', '\'4%;-'V?4%:y''V'"V4%v1'4%}y:yy4%;vf4%Hyt;:v^4%;,'^4%i7';V:v7l2,500}':; Bush Terminal
1 ';
2%
■(
v 55 ;• 55 ' v - *55: . 58 7
55"
55 •
*51
55
*50 ^- 55
V
*50
55
f
'
;
40.
: 6% preferred
—100
41
■*
s
-y - 32V4 ^ 32% .v : V *32
;32%
: ; 32
32Va y '
31% « 32% V y x30 f V: 30% V
30Va ' 30V2f :
560 V BUsh Term Bldg 7* preferred—100
21%
I
•yv:yT%y'*y%:y'V.;|:7%:iV,7%: ;>.';/?77% .;y7%:J4"yV; -7%
7%^yy;V:7% 7v7% yy;:V 7%::;y7%^.V,a^6,800V' Butler Bros__.__,
U——^.10 ,y
5%
;
•>> 24%
24%
25-,;.:25V4
Vi',
25
,
25%
25'"*' •25y;Vy*24%'V 25
24%"> 24%f
v V-' 800, :.•>> 5% conv preferred——30
20%
.-.;y ,V'4 Vt-' 4 v>,3V8"
.;:4''3% >'3%;\v:-^"3%,;-.,'3%'.';V.''\'>:'3?«; ::::4-?: •
1.400y Butte Copper & ZlnC——5
1 2%
•(•. v'-j.:-.'12^7v\12V^--y^'''.:;ll%v"lI%V'!/'"','ll%'V..:ll%vV:.VV ii%:.;'.ll%v;y:,-ll%:^ll%y:A'V,'ll'%-Vll'%i "
Z-.; 2,000;
Byers Co (A M).—«No par
9%
,V
Vi>\ ■ -V75%| ■75%y>^1X75%y75%-;yf '.78%;7'76;'r-:^.':%76'y^76%V.y:y74f;y-'76%&^-,:ti7y;:'76%t:v: y;y>180v^VypArtfcfpating preferred.!—^-100.
72
1
V"v'i:. 20%V'20%^"yu>,'2Q% 20%:%VV20%^^ 20% ';>".;20f:y"20%: :V;:.Vl9%yi9%y0(.V2O^20 -t >
- 1,800;".: "-Byron Jackson, Co_-4.-----.No per y : 16
v., :,29%,;;29%
V-23%
24
?
Mar, 4
6
8% Mar 13
Jan
5
Jan 26
Jan
9
Highest
t per thare
19% Mar
20% Jan
Briggs Manufacturing^.—-No, par
';.'39%,1
39 ;
2
17
Bower Roller Bearing Co
Brewing Corp. of.America
Bridgeport Brass Co—-——No prtr
1,900.
V,
100,
'
•'
-*-15
;-*-5
—100
—-5
,-l'5
Borden. Co (The)i
.5
Borg-Warner Corp--;.-—
Boston& Maine RR-^-
6,500
1
ciass
Co
„
9,200
.
,
V 31%
c*4'," -M%(
25%V;25%
800
;
.
Ami
A—par
,
ClASS B—1
No par
Bond Stores Inc
Y—1
600>
*
,..
25% ' 25%,
'
,
31%-V •".".'.31
.
Bon
21'%.
4"
Jan.
Boeing Airplane Co-,.————5 /
14% Jan
2
Bphn- Aluminum tt Br»ss»J._,—41% Jan 13 :
.
"
46% Y Y '•45;45%'t
.
! 96 Va :
96
'•
16%
22%
■
*94 :
*94' Y 95 1
4646
21%
*21% '
-25%.,:.
25%
31%
31 V
4
*4/
t
18%V18%<:
:<9V» •y;-T-V..,9V8?"< 9%'vy>v9%.%*9%
9-%'.^
9%
*16%
l.
-22%
22%
98
4-
.,9%
'17
*16%
98
Y Y
(
Jan
6%
13%
9%
76
,34
1942
Lowest
t per share
8
16
—
16
16%..,.
16, ;:s 16%
*1616i%i
"8% ^.8%
18%'^'8Va ; ,
8% i-i8V2
*110% 114
y: *110% I14'^V/y *110% 114
f
" 5%
.: 5%
"5% ,■ 5% V. ; ,
5%
'5%'
■
f
:
Y
87 1 •»' 88.
18% : 18% Y /
Y .44%
44% ",'
2 500Black A Decker Mfg COY.— No par
6,300
Blaw-Knox Co—2
——No par
Bliss dk Laughlirt Inc—,
.—»
t '
150Bloomlngdale Brothers—'—No par
•
20,
Blufnenthal & Co preferred—-,..100
11%
■ -
$ per thare
;27% Jan
No pur
Year
Highest
.
.
,
i
k?
Par
;
BlgClow-Sanf Carp IncY
Lowest
,
Jan 16 : ' 43% Feb 25
*40% •! 40%^
7*40%^'41% '*"?■ ;,.'40% ' 41 %
700
Bristol-Myers Co„—
—5
37% Jan
7
42% Feb 27
V .iV.
%v
'• -3,800;
Brooklyn & Queens Tr——Np par, ,
■
^ Jan 13
/' • ]g Mar, 2
'1
' 1% '
*1 ... V-1% ? . J. v i r
l 4,800, - Bklyn-Manh Transit—w*-—No par
7
1
Jan 27',
1% Mar 1
12 '•
12
12% • 12%!'
112%-.12%1
:
3,400Brooklyn Union Gas,_
No par ■
9V8Jan
2;
13% Feb 25
^'•35-35
7;':', *35 -f 31V■/ •'" *35• 37'% ' -.!
200Brown Shoe CO.———No par
29% Jan
8
;
38
Feb 16
y."»'36.',y 36.y■ e"*35
•
38%
''
"l'/a
112%
.
93
*10%
■'
17
Range Since January 1
.
.
8
*16%
'
'
.'. ll-Y
•
j ,: .* *87
25''^-'25%
>.%"• ••-r%v
-
17
,7%'
EXCHANGE
.1,100,
18%<
'18%
NEW YORK tSTOCK
»
.
Shores
(
32
'
32V* " ,L*30% 32
7 *30%
32
(
22V8
*22Va ;24 V,,7: *22'/4' 24 t
10%llVft 7 710%/:'11 7
' :; ^10% -'" ll'V V
?,: ^
40
..'.11;
> ;
32
"
•
:' 31 %
22l/«
Ji'/ft
40 "■
.•
>
*16%
95
46
*21%"
24%
x30%
.4
^';25%' 1 25%
,-V. 71%
IVft
'
l&w *• f :Vl2% *£13"; <« V.
•{
46%
22
11
40'':40y>v7-;v-'46%'^'40%
f
'
*94
,
25%
31%
4%
,.26%''726%: Vy':x25%'V26% >
'.
■
•
* if/'XllV'1'11V#
11%
•'
.•
32%
i. 42t%
31%
..'4%''
32% • 33 * r '
•.%. *21%-<rv22%v.-. V f21%"24'C"
>•.- •
r
4%
*
.
.
467/b
' 21%
24%
i" 31
*
'4%
•
.
■
/
95
'
■
31
•:
46
*94 '
95 "
*44^-' 467/b
•"
,
'Y
46 Vy
•
*94
%67/a Y'":
'•
•
19%
18%
*447/#
>95
'*21%v
f
97
,
17
10,%
93 .
18%
44% y45'A
:
.
8%'
8
the Week
I per there>
32%'
18%Yl8%Y
..
10%
*88
18
7
i
8%
*16
C, 24%'. 247ft ^
'
V 31 yY 31%V*. Y
.
18%
7%
17
,
!•'
*18%
8%
: lays
*16
v
'
I
32%
17%
17%
*94
V*45 -
t
32%
*16%
'
•
S per than
32%
*
Sales for
*t
i Mar. 19
.
,.
t per thare
<
33
8
i8%;',19%
;
Mar. 18,
18%
33
8%
•
Friday
Thursday
Mar. 17
$ per tnara
'
-
19%
■
: Wednesday
,
Mar. 1G
•
Range for Prevjous
*10%*' .10%-v10%
*92
f
97
' ;
*87 >
.
I
33
.19%
" 8V«
;■
8%
*16%
!
33
Yl9%v 19% Y-
Y
Tne»d*y
.
.,
t pe^thorg
-
33
33f'
Mar. 15
/
t per thara
*
Monday 1
"
Mar.
I
.*
—
NEW YORK STOCK RECORD
H *
t
1051
Apr t
Apr
130
Dec
Dec
"
48
,1
^
,
%
47-
-
32% N ,7X31%
32%
*102% '103
•
122%
•
: *
11%
*83
19%
,
Y
•
;.
i
5
i
I
■t
*
1
,
>
'-
15;. YY^Y 155:,5'/4-'i4%,
-
5%
49%
'y,48
•
,
.
.
36%
5%
V 49'%
.
102-v-V 102
Celanese Corp of Amer__T
NO par
5^ series prior preferred—J-100
4,500-
290
7% prior preferred!,
410
7 f» 2d preferred
7,200Celotex-Corp„-—i—-„——No
50
5% preferred—
'
60
,
.
V
Y
*50%
:,:
y
.
:
r
' /'*96
99%
r
*
.
99%
37
'
37
*97
;
:
37
"99^:r'
? 98..
37%'/
-.*37%
5Va
* '
5%"
50 y *.yPr 49Va'
5'4
.
50% .48%
*11%
.
5V2
50'/2 ?;
v
,
.
98
-V4
3%
.%
l5%-
15%
1% -.'1% Y
y
*29%
73
v
l
73%
-13 Y
12%
-
*100
...
*122%
i
*4'A
37%
S
.36
; *102
y;
" "36.
,
103
.
;
35Va
*50Vb
44
35%
98%
65%
35
r
18%
106%
22%
,
-22%.
17'A
*17
10
1
-.11%
-
'
4
"
.
11%
9
11
9%
18
*17%
For
22%
10%. 14%.
9V2
18%
footnotes
2,600
Central Aguirre Assoc—No par
Central Foundry Co———1
Central 111 Lt 4%% preferred-100
100
*123
*60
>113
6o'/2{
/
Preferred
'
;
2,590 Y
Certain-teed Products
: ■ 6!4 prior preferred
Chain Belt Co——.
•
'
l2%../'
'
"
Y' Y
126%.
Y 74%
113'A
4%
36%
>
>
.'
35'A,
"
\
Y 12Vb
'''
..l39
"
-
39."
*4'A
Y
*122%'128
*87%
89
89'
*87 '
-•
55-
44'/b
34%
.
*146
*50%
45
35%
44%
148
Chic
ill RR Co_y_—No
& East
Jan
2
1
Jmi
Mar 19
s
■
Jan
Jan
'
.
•
14
2
8
32% Jari
' 50% Mar 16
per
—
5*9
preferred^ii
•
,—50
i_j
.• •
Y
2%
7.%
2%
10%
6
15%'
14%
93
'5%
27'%
100
65
*64%
65
65
/_
*740
„Y
*740
*98%
22
110
22
15%
...10%
8%
•»
'
10
>
Jan'
Jan
Jan
Jan."
4-
Jan
4
10-
'!
7,
6'
:
^
6%%
400
'
200
Clark
128
10
46
34%
-
"
-
110
■
110"
,
*740
r
98%
C,
/—
*108%
Y
/
>
180
'
110
Y
'
'
15%
16
XI %
9%
9%
9Vb
9Vb
10%
8%
9%
*8'A
17%
17%
17%
17%
17%
17%
*17%
9'A! 9'A
9'A
*17%' 17%
17%
17%
17%'
17%
Collins
5%
1,200
,10,200
.
.
*
,
8,890 4
2,730
,
1.000
900'
Preferred
gt'd
50
1",
(The)—J
L
..
No
preferred
148
par
—
-
100
Colo Fuel & Iron Corp—.No par"
Colorado & Southern—
.100
,4% 1st preferred——
4% 2d preferred—
Columb Br'd 6ys Inc cl A—
Class B
Jan
,
,
.
2% Jan
2
3%Jan
2
2
6
—2.50
15% Jan
2'
*
8
Jan
.
8
2
Jan
110
3%
•
-18
Jan
Oct
'
Jan
;
3% Nov
104
Dec
35
Oct
-
19
.
9% Oct
36% Jan
98
Feb
Dec
1
Nov
Jan
Sep
7% Nov
.
17% Jan
39% Jan
52
Jan
■
% Sep
1% Sep
,
1% Sep
;
11% Nov
13% Feb
2 V# Feb
Y
May*
25
Jan
Jan
70% Dec
10% Aug
,
May
Oct
Mar
Jun
Dec
Apr
Jun
May'.
v
May
25% Apr
Jan
56% Mar
Jan
Feb
Mar
Apr
May
May '
May
Apr
'
Jan
18% Oct
100% Nov
,
Mar "
Jan
Jun; /
Deo.,:
May
July
Apr
1
3% Nov
32% Dec
2%
Jun'Y. '
8%
Jun '
2%
Jun
.% 13%
Apr
1
2% Nov
Apr,1
Apr '
Apr
32'A Apr :
55%
Y-—470
19% Mar 18
11%
106% Jan
4
97'A
22% Mar '8
10%
110
Feb 17 Y 96
17% Mar 4'
13%
14% Mar 15.,
%
1 117/b Mar 13 ,
1
11
Mar 13
%
18% Feb 13
8%
18% Feb 26
8%
5
Dec
23%
'
77% May
139
Dec
75%
Sep '
95% May
47
Dec
8%
-
Jun
Apr
A Jan
Jan
4
%
3
%
Feb .4,
8%
Mar 1
11'/#
Mar 1
;i .Mar' 8
20
Feb 15
43%
Feb 11
9
Feb
6
92
Mar 8
32
Jan 27
2%
Mar 4
28
Jan 18
120
Jan 22
67%
Mar 16
107'A
Mar 17
22
Dec
„07%
Aug 7
12
Aug
33- Apr",.
47
July
Mar
101
Feb
65% Mar
Apr
Apr
Dec
97%
120% Jan
4'% Jan
Mar 1,!
50% Feb 16
46
Mar 19
Y 36'A Mar 8
150
%
.' 2%
1%
8%
Mar
4 87
—
16% Jan 11
103% Jan" 12
17% Jan
4
108 , Jan
7
14% Jan
4
3
Jan
15% Jan
100
2%
30
19
2.50
1100
-
"74%
Jan
„
par
No par
16
88
Jan
4
62% Jan 11
No par
& Aikman
conv
r
^_No par
;
.12%
84
Jan 23:
50.
Feb* 6'
38% Jan
2
33V4 Jan; 12.
No par
—*—No
preferred
'
—100
—
.
Coch*Cola Co
: $4.25
60
16%''
10%
.100
Colgate-Palmolive-Peet—
1,900'
21 '/2 '
—
Coca-Cola Intern Corp
9,400
*
& Pitts RR Co
Class A
—
19%
11%
17%
'
20 5
15Vr
■
■
40 '
,1.500'.
106%
par
: Special gtd 4%
stdck_,
^-50
Climax Molybdenum—
No pat
Cluett Peabody & Co—No par
8,200 '
1,600
,
Y
11%
-
'
Clev
'
—No
C. C. & St. Louis Ry. Co.——100
5% preerred
inn
5% preferred
'
V
5
Equipment—
Clev El Ilium $4.50 pfd^___No par
Clev Graph Bronze Co (The)—1
Y
'
?
65%
19
!l Y 21'A
'
:
34%'
148
*65%
.
•
60
Y+ r *145%
98%'Y'':' < " 98%
85
89
Y*50%
148"-.
—100
City Stores—
500
—100
Y
City Investing Co_—
4'A
*87
:
•
Feb 25
2 13'A
Jan' 4
101
Feb 10 "
40'/a
Jan 13
5
Jan 13
39
Mar 17
130
67
Feb
2
68%
109% Jan-i
113%
28% Jan 22
: 36%
101V# Jan.', 7.
104
Mar
10'A
96%
27
2%
33
123
_i_No par
preferred
.
-
.
19% Mar 17
40
Mar 17
Mar 19
Mar 3
51%
2%
4
* 3%
,
67% Jan" 7
'
89
6% Mar 12
14% Mar 12
5% Marl2
16% Mar 12
2
1% Jan
224% Jan, 30
No par
City Ice & Fuel
130;
,
—/
Copper Co————25
Corp——
—S
Chrysler
36'/#
,Vf 45'A
.
-21'A ' 21 'A
16%-.-
12%
:"u';
60''
! 45'A Y
*106- -106%" % *106 '
110
*109
16%
14%
V
39%
*4
*122%
'
'./
101
39
:Yy
•'
18%-; 19%
18% :-18%
106% 106%
18%
"
'
*
Chile
'
7,700 !
2,900'
v
Mar 16
Dec
29%
Apr.
23'/* Jan
19% Feb 10
105% Mar Yl
' 14
Mar 13
41% Mar 16
Jan
5
Jan
8
Jan 13
Jan
2
95'/# Jan
5
42%
Apr
Feb
Apr
May
Mar
Jan Jun ;
'2,% Apr ;
82
July"
27 : Jan •
' 1% Apr
* 19% Mar 3
17% Jan 12
Class A
40
Chicago Great West RR CO——50
Childs Co
80
12%
.
,'T'7f-*36%
34%> 34%
'
*145%
-
99
,12%
17%
98
.
Preferred series A—100
*
*60 !' Y74%
*60
74%** V
*60
74%
%• ^Y—
*112% 113'*112% 113
^ *112% 113 YY': .YY.y
60 Y
36%
36%'-^:-*35 «-''37%
"*34%; ;36;"-:
" 1,100 ;
*102
103%
*101
103% /
* 102% 102%!
' Y;
80;
*98%
106
22'A
Y
v4%
36%%36%
,9%
1059
par
No par
—100
Y
Chicago- Mall Order CO——w5
3,000
72% "':-Y'
*100%
17%
18%,
preferred
2,000
-
Jan 1-2
3
13
>3
,
.'-100
9,400/*-;
,"
iv$.
"29V8
29%
71%'
" "
11
page
>
-
9% Y"Y:
,
y *1%
100%'100'V2
■
123
*50%
•
1%
31% '
"12%'".'' 12%
99Va
11
9%
107% Mar 15
.*ya% Mar/4
16% Mar 19 .•
>• 5% Mar,15 :
105% Jan ' 8
38V4Mar 6
,
5% Mar 15
18
99%
Checker Cab Mfg——
—5
Y' -8%
Chesapeake & Ohio Ry—j—25 Y
33%
: 6%
t
-16%
9
i.14% '»35'/4<
'
*9%
71% "72%
39 ""
'
4%
123
Y
T.%'
*30':-
.
'
36'A
89
*109
38
:
4'A
45
22%
'
72%
.12%
Y100% 100%
55
18%
106
2'Y,
3l
7i%
-y." 12%-
36
148
1%
*29Vb
.
100'/a
44'%
*64%
>
Y
*87%
9%
11,200
4
-3
.1—No'
Cham Pap & Fib Co—!
■
-
97% Jan
I
•—
Mar 19
Mar'1-2
Feb 26
Feb 10
3% Mar 12
x33
;
•
2
.
y
2
39
9?4
4%
100
12
88
20
-
Jan
No par
Cerro de Pasco Copper
1.600.
106
-
30
*507/a
34'/#
,
Jan
4
Feb
1
Jan
2Jan
2
Jan 12
19%
19% Yy~xl8%y 19 •y^yi T9Y^19%v l:;yYy5yoo,- Chicago Pneumat Tool-J—No.'par
15% Jan
6-'
40 V: 40
Y
*38 •" 40'/--; 'V.
*39
40
/
/
200 Y
• 13 conv preferred— -u—-No par
37
Jan
8
y«0%/ 51% /:: *50%'/51%
51^ ' 51%Y: ,
150 7, o.Pr pf ($2.50) cum dlVi—No oof
-46% Jan; 6
'.-'Y-r J/2: .-/%
%-"'."ll- ;. •
.- %
:
%
>. 18,700 ■
Chic Rock Isl & Pacific.,-100
•• 3> Jan
2
" .>• %
v'.-i: '
TV# 'y'VY 1% •
1% ;
" 18,100
7'% preferred—
—100
U Jan
5
■",%".
%: V*''
':%T.\MY; .''-1%' n
19,500 "
6% preferred—100. ,
% Mar 16
*11%, 12%
*12 yf: 12% y ■ *12
_.12%'
600
Chicago Yellow Cab—_oi—No par"
11% Jan: 12
15%
15%'
"'15%'Y;15%;v'-*15% , 15% Y./'-.
500.-' Chickasha Cottott Oil
Y
^10
* 13% Jan
4
,
73%
*35% 37%
103.. 103
148
95% Jan 26
6,500 --tCent RR of New Jersey——l 100
:14.400 Y'
5%,
''4% Y-'4%y"Y''' V "4^b.
18"
*17%
see
*4'/4
*740
,110
16%'
17%-
17%
*17%
65%
.*109
■
.11%. 14%
* 39 '
:
99
—
22%
110
*109
99
18%
18%
105% 105%
.
'
"■
148 >
*64%
,
"
44%
35%
•
*743
18Va
.
89
98%
.
*743
♦105%
-.
60 ;Y
-,
*146
98%
*63%
•
123
:
*87
148
*146
*100
36
-36.-..- 36.'/#
y .102%. 102%
44
-
'12%
;'••
>"*60
74%
.*112% 113,%
89
43%
30
72%
,
..
37
60
*87
*50%
;
t
4Va
*36
*122%
127.
*60
74%
*112% ,115/"Y
•
.
,-100
, 100
.
*38% .39 Y YY
-
39
4%
4%
*36,.:
y
.
y
73%
.12%.
72%
12%
•
...
1%
2-.V...
*29%.. 30
•
-
100%
*38%
Y
1%
.30
-
...
Y'/' 4%
9
1'Y
12 ;
15%
1
Y:
•
100
■
V119
96'/8
-8%
76%
16%
1%
Y':; 1Y
1%
.:.%
•
,•
par
4,700
10
:Y
38%-'
5Va
Y :-50
.-"..'-';xl5'V;-:-45% -Y'Y"-l&Vy'',l5%%
9%,
2:.'./'
51.y-"./ ;*50%
1% y-i-'Y
12
16'%
%
2%
Y"' -'/a
.
y- 11%,: 11% >/ 12
.r'i -;,;'*15%
16 ;
*15
40 yy. Y- 39%
-2% /
,
'4%V'4
19%
39%
51%
<
U
3%
2%
19%
„-.*39%
.7 50%
y
52
r"; 1%
3%
;
9%
100
100
—
•
'
No par
;y.yT4%>, 14%'"yY" 14% .15% Yy^M5%yl6%,; :yy 4,100Central ATioleta Sugar Co^——_
'5'%f,-;,Y-YB'/b,'"> 5'/4 ,y.-;yr5'V8.y
*4%y.i.'»51/4.Yvi,'/ 1,300. V,-Century Ribbon Mills!-.i-'~—No/par
-5'%
'36%
5V2
:
2,700Caterpillar Tractor-—
15%
-,.
*99
36%
99%
36%"
.*96
:
.
-..*39% >40
I
.
,
3%
15, ;
*9%^; 9% '.Yy9%.. 9%
18%
19
*Y Y 18% 19%
'
I
i
19
5%.4%
5% ' ,'Y "V4%
16%
♦
,16 Yw 16% -v- > 16
-Y, ,;.5
'16r
:
19
1V,;YY3%
^
322
r
l
J
12
86
*v45%45%
v *18%' 19
j
*18%
19
!'
*18%
19 y;"y 18
18%
18%
18% Y'Y - *18% ; 18%| Y" - '
4001
yV-18%" 18% Y" ^*18% 10'/4 "•*!,y.*18% 19%
Y" *18%
19% -*18%
19%Y> "?■ 18%Y .18%'/. ;
-20O > •
'*.103' e". 104
'4 : *103% 104
^
103% 103'%
*103
103V4
> 103% 103%
yv 103% 103'/2
80:
:Y.rY 13%/ 14. -":.y Y'y 13%
13% ::r 13
13%
*12'/4 .13";.yyy:>l2%: 13 '
' Y;, %%/ 12%;.
Y> 1.300':
'- •-■V
4iv% - 41% Y,
41% 41% Y Y 41% 41%
40y8 41% y/Y'%0%Y: 4J%V.-'/;, 41%Y 41%' >"Y'Y 11,900'■■■
*97%-100
*90 ' 100
100
100 y
*99
99%' *99
> 99%
Y- *99 -% 99% iY~ * Y: 100
: f,, v 6%;
6%y y -6%
6%_,
8
-6% '."//y 5%Y'Y:6% Yy:~" 6"%' 1'-'6 %./,/>'NY. 6%' ,.,Y6.'/2;, ' /; 19,400*
.,
.;14V< • 14% Y •. .14. : 14%'
13% 14'/b
' '12% :13% y^".'13%YV13%.'
^'13%^'' 14%:" 22,300
f
;
105
.*84
45 V8
32%-* 3I%'-:-32%1
■
V
1 -102-.-'"-''102 >
102" 1 ;
122 • % t; 122
122 %' :
*122 ! 122%- 105
105%
105^-105% *?*"'• 105%^106
- • r :
11%-'.'.' 12.'-"7.---Y1%
llVa y . ■ 11%
il%'>.r -':
.*
*83
85%
85
5 85
;'
*83 ,
85%
>
VY19
19%
18%.. 19
:-"~-:l9% •" 19'/2
3% ' - 3% >• -' 3'/8
3'4i
;
'-3'/4- 1 3%
YYY 107Y Y107 V/YyVxl05V: 105%106 ?vlOG-'v • -.y:
•
5% t 6
'*
»6
,..6%'
'y'5%7*6v
102
;
y
'107% 107%
5%,;Y8%Y.:v^y5%
6%
Y'*
.5%.' 5% • ;
,-47'vY 48
ri:
;
f
-
*
4%
*96
100
37%. 37%
>
3%
122
107%. 107%
8 %
y/
19%
3%
15./1 I5 .:y/Yy
*4%.;,
86a
•-M5%
46'/8
..31%
102 y
.122 :
105
-11%
105 -•
11%
45%
32%
10i'%
19%
y
46%
% 32%
-
86
108
«
yy
:
'
:
y.-vXlOS
11%
3%
*106%
!•'
;
103
122%
.
19%
3%
,
.
1
32%
.
*122 '
%
12
86
■
46%
47%
X101%
...
122%
105. y 105
1
47%
>
99
34
3
39%
125
72
Jan
Aug
Apr
Jun
.Nov
Dec
Mar
112% Nov
31% Dec
102
Dec
84% Mar
50
Jan
44
Jan
36'% Jan
149
Nov
92
Nov
63% Jan
470
Feb
17% Nov
107% Dec
18% Oct
1108
Dec
18% Jan
4% Sep
5'A Sep
5
Sep
16% Dec
16% Dec
:
'
> '
4
:»
CHRONICLE
.'THE COMMERCIAL &. FINANCIAL
"1052
.
Monday, March 22,1943
RECORD
NEW YORK STOCK
'
STOCKS
LOW AND HIGH SALE PRICES
f«turday
Monday
Mar. 13
Mar. 15
3%
56%
56
'50f
50 Va
3
3%
58%
.57%
57%
56%
57%.
55.
*52 %
55%:.
90
*88 Va
90
54%
54%
*52%
90
88%
88%
*88%
15%
*14%
89'/a
15%
15 Va
15%
90
15%
*88%
15%
15%
15
37
36%
36%
36%
36%
*36
>-t36%
33
*105%
107
♦108
113
^12%
12%
13%
.;
,45=
♦108%
.12'/e
13%
%
u
45:
-
35%
36%
110
,109
%<'
!; "45'/a
33%
♦105%
107
36%
36»/a
36%
33%
33
33
,
*105Va
105%
107
35%
35
36%
107 u.
35%
35
109
*108
:
••
•);23% : 24
;•
V
*4% •
'
20%
20?/B
94
'
97%
97%
'
Z. ,1%
14%
z
*101%
102
•-5%
.
....
7%
,
..'
"•
:>%
'"*41%
•
96 1
7
r
-
V-
9
7%
41%
.
,
8%
41"
;
9%
8 7/8
67/a
96%
*96%
217/a
22%
22%
3
3
87/a
7!%
6 Va
Z
97%
22%
22%
22%-'
,
,6%
7
*101%
12%
12%
i2v8
12%
44%
5%
5%
12%'
13
13%
13
44%
44 ;■.»"
43%
5 Va
5%
H; 5%,
5%
31%
31%
30%
31%
23
23
23
22
22%
13%
13%
13%
13%
46%
46%
45%
46%
*46
46%
47
43%
43%
43
43Va
42
57%
57%
57%
577/8
57 Ve
57%
179%
178%
179%
179
4%
4%
1%
.
: 18%
.
*42"
80
-14%
43%
42%
*42:
43%
:;tZ 1,900
13%
13%
13%
13%
89%
35%
34%
35%
797/a
•14,
23%
■
;
8%
78
15
16%
8%
16
.
105
105
//. 15%
15%
153/a
19
19%
3%
59
:
87%
23%
24Vs
*95'/2
197/8
22'/a Mar 16
11 %
July
x43/8 Jan
7% Mar 11
2'A
Apr
96
26%'
>
5ft
.
4% Jan
8
5% Feb 27
.25% Jan
8
32% Feb 27
No par
183/4 Jan
2
x9% Jan
7
-
■
i—25
Crosley Corp (The)
Crown Cork & Seal
-
$5
47%
19%
preferred
conv
™No
58
3%
Z
24
4'/a ft
60
61
27
27'A
83/4
31,900
700
24%
'*95%
100
*84
20%
19%
/
•ZC
8'/a
x233/4
24
*957%
87
*84
■
Jan
37 7/a
Dec
29
59%
Mar
180
.4%
•• w
,
:
;
23%
3
159
19%
*18
15%
15%
''■•** 17%
*111%
113
*111%
♦14%
'
147/B
*143/a
31%
27/a May
5%
6
'v
'
20%;
18% Mar 12
10%
85
23% Mar 12
12
43
*37%
15
14% Mar 17
25
6
,44
1
Mar
>
Mar
4
14
2
91 Ve Feb
1
10
Apr
77
.36'/e
Mar 12
Mar 13
63
73/a Jan
9
Feb
1
•
24%
88
83/4 May
16% Mar 19
Jan
8
8
13/4 Jan
2
307% Jan
2
61
Jan
2
27'A Mar 15
67/a Jan
2
23
V,
37/8 Feb
17
</
100
Feb
10
84
Feb
3% Jan
Jan
9
*31
38%
;
11%
'
f
11%
39
;;z- %
*37%
243/4
11%
11
133/8
13%
38%
18 3/8
*373/4
43
25
•
24%
:sjt
31
11%
'•/
-
13 %
39
39
39
39
26%
25%
26%
Z
.
43
31
38
38
,.
1%
38
■
"200
;
11%
11%
11%
700
*23i/a
23%
1,4001
133/8
137/4
39
39
39
25%
26
*87%
29
—.J. .100
a. ..50
pfd—
100
Detroit Hillsdale & S W
Devoe 6t
*<
6ft
partic
647/a
64%.
'•
135
19
18%
19
643/4
64%
64%
134% 134%
24V4
24%
24%
24%
Z
19
64%
19%
•19%
135
"
134
134%
24%
243/4
18%
19
.25
Diamond T Motor Car Co—
Distil Corp-Seagr's Ltd;
5ft pref with warrants
Dixie-Vortex Co——
64
63%
97/0
Jan
Jun
25%
Jan
10
80
Jan
95
Oct
10
44
Jan
81
Nov
12%
Jun
18
Oct
•131%
134%
24%
25%
*132
134
2
No par
—100
No par
7%
73/8
*115%
143%
73/8
7%
7%
10%
-
10%
10%
10%
103/4
243/4
24%
♦115%
120
120
*115%
67/8
*10%
142
127%
127% 127%
143
♦115%
122%
140%
122%
143
143
144%
7%
103/4
7
*105^
141%
127%
127%
127%
*127%
118%
118%
♦119
34%
34%
/34%
34%
34%
36%
35%
36%
6%
67%
6 3/a
6'/a
6%
6%
67/a
6>/4
*1523/4 1537%
3 ■•
*1807/4
152 J/a
153%
*180'A
*127
154
153
*1807/4
—
—
120
119
119
153
*118%
153
*1807/4
39
39
39
39%
39
39%
14
14
14%
14%
14
14
122%
24%
36
25
*14
*116
'•
I537/2
39
38 Va
13%
No par
Dow Chemical Co
No par
Dresser Mfg Co
No par
:—1
No par
100
—20
No par
118 7/a
119%
60
36
37%
12,600
Eastern Airlines Inc
6%
1,900
Eastern
Rolling
Mills
152%
2,400
Eastman Kodak
(N J)
6%
152
39
137/a
357/4
35%
35'/a
35%
353/a
35%
x34'/a
123/4
13
12%
13%
12%
137/4
12%
23/4
2%
*23/4
*23/4
2'/a
23/4
2%
23/4
4
33/4
33/4
37/4
3%
3 3/8
31/2
27/8
4
800
343/4
12%
13
13%
13 7/s
3,100
7,900
"'23/4
:
2%
-3%
3%
457/4
461/2
45
45 7/a
44%
45
43
44'%
43%
44
42%
44
40%
41%
41
41
41
41
40
40
40
40
40
41
39
*51%
39
39
38'A
383/4
28%
387/8
*28
28%
28%
28
28
533/4
4%
*52
54
*52
*114
118
*114
118
113
5%
47/a
54
*52%
*114
114
43/4
5
'/a
38%
*27%
5
383/4
38%
38%
28
28
28
54
*52%
118
4%
114
43/4
54
114
4%
4%
68 J/a
2,800
343/4
35J/4
.
2,300
12,300
4,500
2,200
38
38%
2,300
*28
28%
500
♦52'/a
*114
54
47/8
7,200
70
X683/«
69'/a
*68
69
69 »/a
69
70
430
*69
72
x69
717/s
71
72
71
72
71
71
72%
72 7/a
280
*76 »/a
79
X77%
77%
76
76
*74
76
*74
76
n
%
*67
..
%
For
%
footnotes
see
page
1059
68
n
68
%
11
%
76
77'/a
li
Nov
4
9%
Apr
13 y8
Mar
4
7
Jan
113% Oct
4
% Jan
5
:37/2 Mar
1
2% May
a1* Jan
J'.
40
Mar
1
40"
Apr
37
Oct
37
Oct
Jan
17% Jan
>'
7
25
Mar
4
14
Jan
21
26
Jan
6
33'/a Mar
8
18,
Apr
27»/4 Jan
37
Jan
6
39>/4 Feb 23
33 %
Apr
12% Feb
87/e Jan 20
•21% Jan
.
8
83 '/a Jan
13
Jan
2
10
■
:
25
Feb
5
88
6% Aug
15
Mar 16
133/B Mar 15
16 7% Mar
6ft
oum
*
7% July
32 >/4 May
Electrlo
Electric
Elec
150
^
4,200
8
5
9
Jan
4
Dec
Dec
163/4
May
703/4
Oct
Apr
1347/a
Dec
13 Va Mar
16%
Dec
116
Feb
16
134
Jan
5
1463/4 Feb
125% Jan
8
1287/4 Mar
2% Apr
8
Jan
9
112
Feb
116% Mar
15
3
2
No par
146 V2 Jan
77/8 Mar
144
Jan
Nov
118'/a
Deo
shares
preferred
preferred
Elec Storage Battery..
Natural Gas
preferred
Equitable Office Bide-
Nov
170
Mar
26
May
5
11
Oct
15
Jan
353/4 Mar 12
20%
Jan
30 3/4
Dec
13'/a Mar 10
97%
Dec
13 3/a
Jan
l7/a
Nov
1%
Nov
181
19
2
117/i, Feb
8
5
30 7/e Jan
4
lOVs Jan
2
1 % Jan
4
2% Feb
4
17/4 Jan
5
4
Feb
15
14% Mar
A Feb
% Jan
.
36%
17 %
Apr
357/4
Dec
Jan
317/4 Jan
20
46% Mar 13
287% jan
20
423/a Mar 12
15
Apr
323/4
Jan
2
40% Feb
24
29
Jan
34 »/a
Nov
7
28 7/a Feb
25
19'A Apr
263/a
Feb
497/a
Dec
No par
No par
No par
333/4 Jan
3
231/4 Jan
50
100
497% Jan
5
109% Jan
11
No par
180
108
18
Jan
Engineers Public Service—
1
$5 preferred
:
No par
$5% preferred
No par
$6 preferred
No par
Dec
1
Jan
35
—
4'/a Nov
Mar 10
156 7/a Feb
178
4
„No par
' Apr
Dec
34
1517/a
39 »/a Mar 15
20
100
Boat
July
127
Jan
13
3% Jan
Oct
7
lOVs Nov
120
Apr
1117/2 Mar
Apr
31% Jan
5
Dec
102% May
120
27/4
(The)
Am
,
Mar 19
3
Auto-Lite
51
95
7% Mar 12
11
Nov
93/4 Dec
26
16%
$6
5%
25'A Mar 17
Jan
57/4 Jan
16
Dec
87
: 29
4
$7
Paso
64 7/a Mar 15
2
1363^8 Feb
93/a Feb
22%
Apr
8
37% Mar 19
Electric Power & Light
El
5
12
56
1
preferred
Si Mus Ind
Jan
130 % Jan
397% Aug
■
Apr
16%
13
Bros Stores Inc
Edison
157/a Jan
Jan
70
1177/2 Jan
Eaton Manufacturing Co
Sep
Jan
-14%
1
17
1st pfd—100
1
Jan
1%
Mar
19'/a Feb
12
16% Jari
"
47/8
18%
1193/4 Mar 10
Endicott Johnson Corp.
~40
118
43/4
$4.50
50
39%
13%
2%
,37/B
300
181
al81
38 7/a
13%
—
(E I) St Co
*118%
154
353/4
preferred
Du P de Nem
preferred
Duquesnu Light 5ft
6'/a
13
3,300
International—
Dunhlll
Duplan Corp—„:
8ft
127
35%
3%
1,300 :
141%
NOV
6'A Mar
20
122%
127
Dec
30 Va
8
600
141%
277/4
13
4
3,200
7%
11
141%
*1807/4
—
10%
36%
6%
14'/4
383/4
6%
'
ioj/4
Apr
153/s Mar
11
700
1273/a
141%
*127
118%
120
—
*116
7
103/4
Apr
2
Jan
Douglas Aircraft.
Dec
47/8
187%
2
19% Mar
5,000
Jan
110
2
26'/a Jan
64%
Oct
Nov
Jan
40
—No par
Dec
4
173/4
12%
257/4 May
9
18
Dome Mines Ltd
133
102
27
20
5,400
;;
Jan
8
323/8 Feb 24
38'% Feb
"
"7%
16
22% Feb
A
Class
'
*10%
'z
Aug
Mar
157/a
3
No par
/
193/8
133
•
•-
2% Apr
1
Doehler Die Casting Co—No par
640
26
62%
64'/a
Oct
5% May
6,500
393/4
18%
197/8
Xl8%
623/4
251/a
•
20%
/
Jan
3%
■
vzZ
No par
preferred—
700 ••
13%
r-
Raynolds A——N6 par
'
•'
25
25
Nov
Jun
83/4 Jan
.12
..10
—
Hudson
300
89
.
Feb
.20
Diamond Match
800
;
'
237/a
873/4
Mar
32
5
RR Co.. .100
*23%
13%
15
12
Jan
Detroit Edison———u—l—_:— ..20
1,260'
31
38
-•
11
Jan
•—:
247/a'
♦307/a
-'
Jan
26
■
8,100
Feb
114
,10
_——.—
IDenv & R Q West 6ft
15,900
43
243/4
'
Oct
'327%
Mar 10
16
2
J an
12
Mar
19
1
Delaware Lack & Western
21,100
18%"
*37% '
i
247/a
873/4
90
13%
133/8
'
&
Delaware
7,100
5%
18%
'
2
18
Z
"*Z
No par
;
Delsel-Wemmer-Gllbert
200
Z
12
5%
*11
11%
24
13%
18%
31
38%
233/4
147/a
113/4
ZZ;' 1
%
24%
31%
11%
:
5%
*373/4
25%
-
39
26
12%
-
.
"18%
247/8
*38
*87%
:
Dec
Jan
43
12
Mar 12
43/4 Mar
1083/4 Jan 20
.100
Inc
Co—
&
17
(The).. —I
Chemical Corp
Preferred
800
'
43
31%
88
5
•
233/^243/4
87%
90
X25%
39
-
Z.
18%
11%
,
32 '/a
*14 »/a
147/2-'
14%
12
383/4
31%
*38
243/4
*87%
,13%
•:
1%
11
*
*13%
%
24%
'
90
*87 Va
5%
38%
*38
24%
24 Vv
14%
*313/4
Deere
"■//
.25
preferred
5ft
Deeca Records
400
6,600
14%
31%
31%
31%
♦38
14%
31%
317/a'
Sep
100
z/v;vo-;
.—8
Dayton Pow to Lt 4% ft pfd
147/a
307/a
313/4
Jan
/ ' 19%
Feb
13'/a May
20% Mar 16
5
Dec
13»/4
Z
Mar
■
Mar 15
9
95%
13
Jan
24% Feb 16
4
Jun
Z
90
19% J an 25
102-
26
157/e Jan
Jan
140
Jan
Jan
No par
9
Jun
Feb
Davison
3,600
14%
-z? 5%
25
143/4
31
317/a
133/4 Jan
15
Jan
Nov
84
Jun
18
100
No par
-'
,
Z 5
109
Jan
12 Va Sep
88V2 Jan
39% -Nov
1
9% Mar 19
T
'
i
,
Jun
74%
105
Dec
Jun
8%
Mar 12
Z Feb
pfd
-41
23% May
80
■17
u
9%
'
May
97/2 Jan
par
1
':■/ 20 7% Nov
Mar
'
7
Jan
84
—
32
9
100
Davega Stores Corp.—
113%
14 S/8
Z" .14%
;
11%
.18%
143/4
303/4
317/a
Nov
16% Dec
.
■-:.V '5% May
ZZ 14 V* May
7
'
96
Conv
143/a
■V,
Dec
98%
.
7% Jan
71% Jan
32
,
2
A
1
Mar 15
Jan
'
31%
53/4
43
*37%
24%"
„•
'
'
247/a
113%
12%
12
18%
600
-
303/4
5%
*14%
18%
18%
187/8
.
Oct
Nov
14%
Jun
1043/4 Mar 17
%
S\
♦llli/a
113 7/4
z
Apr
z
;
5
22
*
Cutler-Hammer Inc
5,800
:*17»/a
.
Nov
*
Apr
2
.—....—.........—1
Class
$8 preferied
4%
143/4
14%
*111%
2%
%
■
15%
5%
12%
■■'•..-■"Z 5%
27/a
2%
.18%'
-
147/a
12
13
18 %
;
4
4
No
Cushman's Sons Inc 7ft
*4%
"43/4
A,"v.
19"
32
32
32 *
*14%
14%
12%
':
32 -
43/4
*17%
43/4
Dec
179
Z
3'%
'
Jan
17
8,400
143/a
31%
31%
*14%
*111%
14 5/s
31%
'
'
*17%
Z 14%
113%
*14%
307/a
31%
■111%
114
.
15%
303/4
147/a
30%
"43i
18%
15%
153/a
15
••
*17%
19
4%
58
Apr
16
10% Jan
'
*43/4
.
..
Apr
427/4 Apr
Mar 19
1% Feb
Mar
45 Z
Mar- 4
D
if-'
Z.
433/4 Mar 13
12
No par
——
1;
■
■ijh
Dec
517%
48% Jan
z
■
4%
Dec
27%
'
Jan
preferredNo par
Curtlss-Wrlght —————.—.I
87
20
193/4
193/4
20
*84
Jan
Nov
Nov
Jan
Prior
100
100
♦95%
100
87
83/4
24V4
—
(The)
Preferred
4,300
8%
47/e
12 »/2
—30
—5
preferred.
Curtis Pub Co
17,200
3%
60 ' Z
24
:-Z
21%
100:
—
Inc
Press
Cuneo
soo
19%
263/4
8%
24%
Dec
8%
Apr
100
Cudahy Packing Co
9,400
26%
26%
8%
8%
28%
Z 423/4
Apr
Apr
11'/a Jan
100
preferred——
;;:V 6% ft conv
101 J/a
3%
Jan
>
Apr
'Z Apr
17
Oct
Dec
8%
817/a Jan
100
—100
100
Cuba
50
163%
.
Z
Jan
103 7/2
23/4 May
Jan
3774 Jan
No par
conv
Cuban-American Sugar...
Preferred
29,700
60
60
">■■"2,53/4
r
3%
3%
"/•
*19
'ffk
Nov
5
5% Sep
30%
Nov
501%
2
-9
par
preferred
RR 6ft preferred—
5 ft
370
9%;
*1003/a
101%
*100 3/8
163/4
Apr-
21'/a
9
18% Jan
No par
No par
—
Crucible Steel of Amer—
1,600
16
.
,: 39
96'/4
■f
8
2
14% Jan
$2.25 conv preferred——No par
Crown Zellerbach Corp.
,___5
5,200
773/4
,16
Jan
16%
•
1,900
ZvZ 6,000
Z:Z" .vZ 50
,
*104% 106 /•
*89%' 96%Z
96 Ve
233/4 Mar
2
•95
100
...2
(The)
Jan
U Jan
z
25
6,600.
2
Mar
9»
Jan
-
Jan
>/4
.13% Mar 13
20
t.27/a
1
—1
—
Jan
176
100
.,457/4
6
Jan
37
53% Jan
20
—
..
45
50
series.
Cream of Wheat Corp
34%
8%
15
2
7
.7
77
13% Mar 18
Jan
5
5,800
z
1
89
15%
337/4 Feb
7
Jan
403/4 Jan
$2.50
preferred
conv
103 7/4 Mar 10
Jan
Oct
8
Z
Nov
^
•
13%
77%
153/a ■'16%'
*19
19%
K
103
;3%
3%
87
20
20%
*4%
200
'
*84
87
*ioo3/8
27
8%
24Vs
*18%
103
61
26
,
*95% 100
:
19
*100%
3%
*84
> •.
■
14%''
Zr 34
106
*89%
157/a
103
■
*105
105
15Va
6i,
89
15%/ 15%
8%
9 Z
8%
8%
14%
55%
v
14%
13%
34%
78
96%
27%
197/a
8%
♦1031/4
257/a
87
19%
:
8%
■;8%
100
„
34%
78%
*89%
24%
23%
*95%
34%
96%
.
8 7%
*16'
105
3%
25%
'25%
88%
33%
77%
*89%
;
^
*87%
87%
79%'
x79
16%
*19
Jan
43/a
Jan
3
Jan
16
9.
7 Ve
May
7
•
'
961/8
*100%
3% .3%
"49%. (53
;
*87 Va
*89%
105
,*100%
*84
43%
42%
89%
19%
*19
'
'"/'<■
347/a
v
213/4
24
-
Mar 12
8
;•
82
Co
Crane
16,400
*23 V4
104
103%
:
•
13%
.
21%
(
17%
1033/4
23%
89%
.147/8
17%
Coty
23%
13%
8%
4% May
33/4 July
...1
Inc
—
Internat Corp
Coty
24%
89
*103%
6,500
1%
103%
17%
17%
::
4%..
21%
43%
Zz
4
'
22
Products. Refining
Preferred
»
1,500
4%
1%
4%
.1%
270.
pref 5ft
Conv
Corn
3,600
'14%
13%
.
96 Vs
,
V
14%
44
i6%
Jan
9% Mar
Z
Apr
1%
9
Steel Co
Jan
Nov
94'
Jan
3/4 Nov
:
3/i Jun
7
3
6
5
Feb
Feb
16 7/a
•
1
3 >/a Mar
100
;
21%
Z 79Va
105
*89%
:
1% Mar 15
13% Mar 16
Z:
93/4 Mar
Corn Exch Bank Trust Co
147/b
13%
8%
8%
♦102%
573/4
,
11
11
10
983/4 Mar 19
Del—
Dec
89
97%
Apr
7% Jan
__20
990
179%
4%
Copperweld
;
7%
Apr
43% Mar
Motors
Dec
12 3/a
Sep
11%
78
Jan
Insurance..:
of
V 4
26
89
Inc
460.
z
22%
44
,17
:
43%
21%
v"'Z
'
*16%
467/8
43%
23
43%
.
46'/a
43%
17%
24%
35%
80
47
104%
24%
;
ZZ' '/a Jan
No par
Continental Steel Corp.
2,800
17'/a
24
v
/I
1%
193/8 Feb
34% Jan
preferred...
Oil
3
Jan
21% Mar
Apr
i.25
Continental Bak Co
Can
Mar
3%
18%
■
-
"
100
Corp of America
Continental
6'/4
*
83
Jan
Jan
23% Jan
.
1
741/4 Aug
,,
983/4 Mar 17
16
104%
.
14% '
90 Va
35%,
*22%
If
177/a J
14%
:
•13%
♦87%
14
23%
43%
,
'.*13%
104
23 Va
12%
>4
„
123/4'
1%
./
5
917/4 Jan..5
Jan
22%
12%
4
2
•
"May
93/a Aug
Mar 16
^.25
104
17%
22%
23%
23%
'•;i2%..12%
*23% ,,23%
22%
13
57%
1%
Mar 16
102
J1
44%
Apr :
No par
preferred
fConsumers Pow $4.50 pfd
800
22%
179%
•Z. 3%
96
6
Consolidation Coal Co—J__;
Continental
31%;
577/8
1%
18
31%
179%
4%
5
Jan
Dec
Dec
lOVrOct
:
Jun
12i/a
15
1
■
Continental
57%
1%
Jan
Apr
1%
.
15
90
^
34
/
July
17%
1
Mar 12
5
Oct
105'% Nov
1097/4
Z.; 2% Feb
: 14,700
.
43%
-
25
89
...1
.12,500
5%f
*178Va
37/8
104%
5%
57%
4%
•103
1107/4 Jan
Continental Diamond Fibre.—____5
179%
1%
17%
-
104
157/a Mar 19
Continental
57%
*1%
■'
2
'
16 7/a Jan
Feb,
21 Va
203/4 Mar 15
: Zv 1,200.
178%
"...
*4%
1%
18
i04
;
2
V 11,200
V
47
43%
179%
19% Feb
12
3,700
15
453/4 Marl3
7-
4% Jan
8ft
■■% Feb
.
,
2
Oil
Container
Jan
77/4 May
a*a Jun
13
100
conv
Apr
20'A
11%
100 % Mar
27/8 Jan
No par
5ft
917/a
8
17% Jan
43/8 Jan
•
24
Mar 15
21% Jan
15% Jan
4,500
■;.;'
13
*21%
47
43%
*179
2
6
la7/, Feb 25
2
__3
100
32
30%
13 Va
13%
■' alt Jan
363/4 Jan
No par
7,000
43%
22%
13%
2
3 7 J/8 Mar
110
2
280.
Z
13%
44
317/8
13%
5
i
Feb
106
15
9'/a Jan
,
19
293/8 Jan
4,100.
31%
31
Dec
Jan
102%
30
297/4
7
*
'
:22% : 22%
7
6%
31%
V
Jan
par
'
A''
5%
16 Vs
Corp____L_No
Consol RR of Cuba 6ft pfd
400
102%
...12
343/4 Mar
2,100
Z
'98%
31%
-
Oct
14
J
6%
*100%
317/a '•
35
No par
Consolidated
11,100
9%
,
98%
22%
6%:
102%
43%
v
22%
3,600
.'42
'42
98%
'
<
.
'41"
*97%
102%
31%
24
31%
'Z 9%
:
9%,
7%
Jan
25'/a Jan
"
44%
447/8
5%
7%
•
'
8%
44%
'12%.. .12%
V. 44%
8%
'
31
*101%
102%
32'/8,;.
*23
7
♦39%
'
6 7/8
6%
6 7/8
31%
,
9
V
3
'
$2 partic preferred..
Consol Laundries Corp
5,900
3,500
3
3 i"J
5
24
of N Y—;
,
Dec
15% Mar 15
$5 preferred
Consol Film Industries..
Consol Edison
1,800,
Jan
84%
377/8 Mar 19
107'A Jan
Consol Coppermlnes Corp
20,600'
1%
-■
13
preferred
prior preferred.
27% Nov
54
7
No par
.1
No par
100
..100
.;
1
11
..25
6% ft
7,800
■
•
13%
1%
.
"
'
:
3
8%
39%
97
32%
45
5%
13%
87/a
'8%
39%
9
102%
,
1%
13%
6%
41
*100%
5%
1%
97%
Z; 32%
*44%
98%
98%
iV.
6%
1027/8
32"
18%
98%^
9
/,32%
♦101%
.
18,%
98%
8%
9
:
5%
5%
18%
1%
13%
3'""/,
5%
5%
18%
'"
,.
98%
1%
127/8
101%
101%
102
"
' 6%
:
.
*101%
102
7 *»
10
150
1
15
No par
Consolidated Cigar..
3,900
100
*96
'100
*96
Va Jan
Jan.
1047/2 Jan
Co..
Consol Aircraft Corp
■21,200
■
157/a.
15%
15%.
15
14%
98%
1%
13%
"
.7%
20
"
96%
'
19%
5%
"*
21 %
21%
*27/«
9%
41%
"
20
'
8%
9%
43
>96%
./
20%
19%
' Mar
No par
Congoleum-Nalrn Inc
3,900
187/8
18%
987/s
i%
13
7%
*
18%
5%
187/a
*98
1%
3
77/8
19
-;18%
6"
18%
13
*27/8
.-9
.',8y8
18%
51
No par
Edison
Commonwealth
89'/a Mar 13
9
._100
Conde Nast Pub Inc
900
i
"4%
4%
19
100
♦96
i
13
No par
$6 preferred series.
5,500,
23%., 23%'
41/4
14 Va
14%
96
101%
98
1%
>12%
3
.23%
4%
'
"
3
23%
4 Va
v
19%
20%
"
12% Vl2%
: 23%
18%
19
96
14%;
6%
98
.
1% "
v-
197/e
19, /
18%
.
187/e
96
57/8
19%
.
4 V2
101
100
6%
,19
•
*93%
,
100%
*101'
6
14%
14%
14%
♦93%
23%
-4%
20%
20
,
-
23%
4%
•>
18%
19Vi
19
23%
24
4%
.
4%
19%
/' 23%
,
5
29
33/8 Feb
307/a Jan
.
Commonwealth & Southern__No par'
},;■ 3,700
30 Va
553/8 Mar 16
No par
Commercial Solvents
102,000
45%;
58 7/a Mar 16
2
par
preferred
conv
$4.25 conv pf ser '35
11,200
".. %'
44
44%
44
..
<
127/a;
12%:
%
14
43%
43
t
Credit—
45'% Jan
2
Jan
797/a Jan
No par
10
Comm'l Invest Trust
120
109
109
-
*
44%
No
Highest
I per share
Sep
Sep ■'
Sep
40 7% Jan
par
1942
'■>
# per share
2
37
'
12%
12%
4%%
v
5,000
357/8..
No
Year
< per share
>
Lowest
«
1% Jan
100
—100
Carbon Co—;
Commercial
5,800.
'
9 per than
No par
$2.75 conv preferred™
107
*106
35
%
U
j&
*106
13
12%
13%
33
•
f.Par
.
.
,
Pictures
Columbia
900
Range Since January 1
Lowest
Highest
.
preferred series Apreferred
6%
Columbian
200
Range for Previous
.
,
.
Z.;.,,.;
i
.
5%
240
14%
32%
33
-32%
.
109
*108
109
44
:
32%
33%
107
%
,
■
45%
32%
:
1,700.
37%.
...•
.
Columbia Gas & Elec—
2,700.
14%
1
:
,
■-<
37%
15
36
36
37%"
>, >,.. v
51,200
58
,
EXCHANGE,
c.
Shares
.
,
3%
27/8
3%^
3%
89 V2
*88%
share
3
55%
55
1
53
53
I per
I per share\
58%
3%
58
58
.Mar. 19
the Week
■
,
NEW YORK STOCK
Sale*, fur
Friday
/
Mar. 18
9 per share
I per mart
3%
3%
3%
56
Thursday I
•:
Mar. 17
Mar. 1G
9 per share
I per share
Wednesday
Tuesday
-
2% Jan
54
Jan
57% Jan
627% jan
7/4 Jan
533/4 Mar 10
393/4
Apr
6
107%
Feb
1141/4 Mar
51/4 Mar 12
70
Mar 19
72% Mar 19
1% Apr
3% Jan
40
Apr
66
Jan
46
July
73
Jan
Apr
83
Jan
x777/2 Mar 15
47'/2
1
A
Dec
.1% Mar
Oct
112
%
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
Volume 157
1053
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH BALE PBICE8
.
Mar. 16
Mar. 15
Mar. 13
Tuesday -
•
•
•
-Monday
Saturday,
'
t per
thart
12%
12%
12%
12%"
12'/b
12%
12%
11%
12%
46%
45%
46%
45%.
45%
■
■
12%
■
'
12
'
46%
",
-..5%
5%
■
77
*74
77
,♦73%
1
7%
26%
26%
26%
"1%
1%
1%
!%•
1%
1%
•
*05
07%
-18%--18%
*86
14
.*
.90
14
30%
-'■■
30%
-
*106%. 107'A
-32%.,33
19.7
46 y*.y 4« >/4
•:
vio7j%
.
33
•
'
*29
\
Y
•
29%
-24%
*29
33 y*
30 »A
29%
*107%
■
•
13%
46% ■'46%:
t
•
30
29%
108 %•„
33%
-33%
29 %
30
29%
24%
e%
,
10%
*46%' *47%'
•-/
*
.'-7
*49%
i/
39%
"10%
7 10%
47 y8
.46%
15'/a
14%
7%
*49%
36%
53.
100
>-
'•■'"
7>/a
53-
36
*99 %- 100
99% 100 V
*
|
:: *99%.
7%
7' *49%
363/s
20%
7.
13
42
r
Jan
31 Va
15%
97%
2.5%
3% Jan
.30% Jan
99
99
■"7
4
?
7
5
,
Jan 30
87
14% Deo
9%
3
: Mar 12"
10% Mar
,4
3
47% Mar 16
15% Mar 13
53-
-
36Va
F'k'n Simon ft Co Inc 7% pfd*—100
**v
2,900
/
•
7
700
Fryehauf Trailer Co—
? ;hi»
conv preferred___—
1107
-
,
50
,
v
Feb 25
187/a Feb T
73/4 Mar
53- Mar
Feb 16
-
Apr
36% Mar
11%
5
136
Oct
27
,
Apr
Jan
Nov
,
18% Nov
Jun
38
9
Jan
Dec
:i2%
-
•
May
14% Sep
3
213/4 Feb
5% Jan
42
Sep
114
129
"
•
27% Mar
9J%
35V4 Mar 11 » 37% Jan 30
"177 Jan
2 " i' 22
Feb 27
96% Jan 12
100
Mar 15
.710 7
1
100 ,
•'■ Freeport Sulphur Co—.—*
-
6 3A
4
27% Dec
■
.May
lAug
28
:
>96% Jan
Apr
-
Nov
39% Feb
16% Deo
.
Mar
16
Dec
267/. Dec
105
May
15
'
Mar 17
Jan
43 »/a
,
.
Jan
86 '<
Mar is
9% Jan
10
—
4% Feb
87%., Apr
293/4 Apr
Feb 25
39% Feb
Food Machinery;Corp
Dec
Jun
18 Vt Jan
Mar 12
i
40
:
Jan
13%
Apr
77/8 Apr
29%, Apr
13%- Jan
,
24% Mar 12
2
1
preferred—i—i*.—100 7
Jan
Jan
24%
11% Apr
;
,
:
93
74 Va NOV
3
.
8:
8%
693/4 Sep
19% Dec
8 -
Mar 17
34 V*
19%
102
30%
Jun
3
30% Mar 13
Jan
5
Jan 77
Jan 11"
Jan
7,
,199/a Jan
37% Jan
29% Jan
;
6 .' 107% Jan 29
104% Jan
Oct
1% Nov
6
46Mar 17
.
:
Dec
Jan
27
Feb
7%
28%
27% Apr
,19
Jun
Feb 17
15
.
8
U
Mar is
89
4% Sep
Apr
May
20
Feb 15
ia7/s Mar
,
253/s Jan 14
:
4 %
8
16% Mar 18
5% Mar 12
,
8
<
1% Jan
15
Feb 10
28% Feb
■•
20%
99%
conv
.
6,800-
18%
73%
;
/-■:
36%
—$2.50
40
25%
liye
; 98'/a
4
.
Dec
1% Mar 10
6
2
,
8% Feb
27% Mar
12% Jan 27.
$4.50 preferred———No par
5
19
Feb
Jah
Jan
Jan
»
24
6% Mar 16
r
13
IS'/a Jan
,
Food Fair Stores Inc..*_1
.
1,200
I
»
136
*18%'
20%/'
53
300
•
2
4
Jan
'
/
-7% -'■■
"20%
'}'
Dec
Feb
' Foster-Wheeler—
——10
10y4 Jan
7
;.i v1 60
•; >: B7; conv-preferred—_.w-—No per 7 127
'Mar. 11
500
' 6 % " prior preferred——.——25 ;,.■. 16% Jan
6
5,000 - Francisco Sugar Co—*
No par ;
5% Jan
8
t
14%
*125
183/4
"36%
,7
'
143/4
>
136
y
7 *49%
■
,47'
-
:
Florence 8tove Co,-——No par :
390
T'
10%
47-' -y
*ioy*
•
143/4
7%
.
6%
,
*18%
36%
20%
*20%
10%
600
Oct
Jan
13 > Feb 18
33/a Jan
4
715 " Jan 2
2007;/Korshehn Shoe class A^.*.*^No par
2,600
! Follansbee Steel Corp—:-* —.10
-3
39-
*38
v
10
70
;
First .national Stores.——No par
Go (The).—
.-No par
v
,
10% Oct
44
20% Jan
' Flintkote
160
31'
6%';
•,,T
•46%--,
2,500
237/a
"•*23-^
38%
*125
7'A
53
*49%
-
36 '/a
2i;%
6%
.
18%
*18%
--
;
-*2
6% preferred , series. A———100
-
3,300
>
——-No par
Fidel Phen Fire Ins N Y
.
Mar 11
I per thart
Jun
70
33%
21%
6 V#
86
/ Firestone Tire ft. Rubber«_.*i.*.-*.**10
500
j
"
102
*30%
T
.
*
136
•126
*21
.
.
•
14%
: 18%
*49%
-
..
7"
100
47
7-736
r;
*10
7
136
♦18%
r-
20% 7 21
.
15%
35%
35%.
.20%
loVa
•
6%
♦100%
'
24-
1,100
3,000
'■
is y8 v is y4
.,
31
.730%
.24
6%
*38 *
5%:
;
18
30%
39*
47 Va
•126
18% * 18%'
7%
7.:
40'
-
33%
18
101%. 101%-
24 %r
*23%*
' 6%
•;
-
47%
136
...
6
*10 "
,
•
.
15%.
15*
*126
*39%. 100
•
.
'40
15%
47
7% J
53
f
20%
.
;
10%
'*
18%
■'.
736%
-
"
••
129
-
18%"
f
-.
-
\
47
-
14% 715%-
129
,v
40
*10
.,10%
.i
6%.
-
40*
.
%
-lays
ioi%ioiy8
46%
.
:*106% 107
33%
33%
4%
3% Jan
32% jun
% Jan
Corp^,*——1
Ferro Enamel
13
18
5% Jan
4y4,f#; conv preferred———100
:
.
1,300
,29.29%
"•
;iJ
,
350
:
-13%
V. 46
'
i
107 y4
*33
'
13%
291/a- .:
•-
107%
•
^6% 7 6%
; 40 v:
40
187/b
,
9
,
3% Jan
Federal-Mogul Corp.**,*,,—
5
Federal Motor Truck
--—No par
Federated- Dept Stores*—
No par
5,400--
.3,800
1100
13% Mar 12
46% Mar 12
24
15
Federal Min ft ,Smelt Co
'
5%
18%
,
13%
,
18
♦
18%
102-
*23%
;
-
-
33%
'
*101%
"24%
.5'"
18%
•1,300
■16%
"16%
5y»;
18%
26 y8
88
-46% "46%
46%
107%
30
18%
.
29
-
14
33
i.19%
>24%
14
106%
100% 102
v.
>24
'
107 >/«
19
"
19%
*100%. 102
14
16%
.
$6 preferred
,96%
t
26 y»
.
Federal Light ft Traction—
9
75
■
Fairbanks Morse ft Co—,—No par
Fajardo Bug Co of Pr Rico——*20
2100
Jan
Highest
I per thart
39% Jan 12
.$2.50
Buffet Corp—
7,700
2,800
:
11:
89
46%
-
30%
,30%.
i
18%
87
26%
X5%
■18%;
18%
87
*95
96%
'16
3%.
.39%:. 40
23%
10%
8
I per thart
-
68% Jan
—
; Exchange
thart
8% Jan
common
Lowest
-
I per
:
/ Erie &
...
1,200
'23%
23%
H
26%
15%
5"
5%
.
39%
22%
*95
14
-14%
1%
39%
>
26%
18%
•
*1%
97
:
86%
■
"
88;
14%
-
---46%.
*46
,87
.
1%
1%
*ioy8
14%
5%
7%
26%
10%
26%
-
14%
.6%
.
18%
18%'
.
.
*14%
r
5%
•95
26'/a
7%
26'/a
,
'22%,.,
10%
96,%
r
•' *26%
14%*
5'A-'
'5%>
22%
5%
5%-.
26%.
Par
Pitts RR Co.._
50
6,800... Eureka Vacuum Cleaner—.——5
.1,100
Evans products Co—————,...5
2,000
Ex-Cell-O Corp
-3
.
.'•7%.
.
4,000
Year 1942
•
.——No par
Ctfs of benef int.—.——No par
5% pref series A__
100
(Erie RR
Range Since January 1
Lowest
Highest
,
■'>>■...
* •-
771,100
77
7%
...
-
39%
39%
11:
*95
'
27
"13%
-.13%..
5%
:
-
EXCHANGE
i
10,400
..
Range for Previous
NEW YORK STOCK
.
Sharet:
11%
45%
-
26%
1%
40
22%
11
97%
26%
v,
-
"
.
7%
.22%.
39%
:
.
11
*95
-
.27
*13
23
10%
11
>26%
-
22%
<•
23%
11.
1
39% I 39%
•
>%.
22%
■
11%
*74
77.
*
v
X5%
6
26%
1%
,
■
12
45%
12%
*74
-7%
26%
8
'.*7%
8
■:
: li%
45
..44%
.
Sales for
the Week
I per thart
12%
11%
12%
77
26%
7%
26%
8
12
45%
:
5%
6%
6 Va
26%
v
.
11%
45
.
8 pier thart
12%
*73%
77
*73%
;
6%
5%
,
12%
Mar. 18
thart,
11%
6 per than
f per
I per share
Friday
Mar. 19
Thursday
-'Wednesday.
; Mar. 17
•
■
1
10% Feb
-45
-.-May
38% Jan
.
^ 15% Apr
18
Jan
07 "
85% Apr
Nov
■%>•
/, *3%.
3%
:•
•
3s/8.
3%
3y4'
3%
/
♦12
123/4
;; *12%
24
■':
; 33/4
3'/.
/y
12%
,
'23%'
:
.
3%
;73%-
3%
•712%
3%
3%
"7-
■
3'/4
7- ',3%
♦12 "7"
12%
'
*2%
33/«
'3%
"
.
3%
*: Gabriel Co. (The)
1,000
3%
3%
3%
'
*11%
•12
12%
5,400
12%
77 7'/: 23%
-24
23%
23%
231/a
4%
'
5%
7.
9
7/;7 9%
2'/a Jan
.20
Inc (Robert).
preferrid-i.
23%
Gamewell
420
23%
-
Co
.No
(The)____
par
'
5»/8
.:
'
,5%
-
-.9%.
*8%
■■; .5%
■■,
7
..
*14%
54
,*9»/a 7 9»/4
14:
: 14 :
14%
*51
"■
.,-7*83/4
*104
',
-
433/4
43%
73/4
*8 3%
y
3%.
5
9y»
77:: 9%
9%
'
14
*51 »/4
•7-' 8%
: *103
■
7 >135,
.V'
6%
•
6%
6%
55%
53/4
14%'
.53/4
14 Vi
*104
105
78/8"
,
.8%
,
105
"
"431%
7?
7%
7%
140
>135
140
:
7%
7
105
*134
'
6%
6%
*8%
8%
.
'l,500
'7,100
*134
7-" 6%
7%:
.*
138
P,.$8
<
■
:'
,
•
i
•'
7
'26%
'
!
,85'.
26 Va.
7'
13%
■■--51/4
7%
84
•;r
«
*
.53/4
6,000
14%
'2,200
■'■
138,
26%
w.
84
263/4
*26%
26%
A 74207 :7.
84.
'
-
a3/* Jan
102 ;: Jan
150
\
9:
'35'/a ' 35%'
35% '
1
;; •
I'.:
;
r35"
77
7
35%
7.
37%
35%
343/4
■35%
38%
35%
7'
23,700
11
,
4
51
14
3
104% Mar
6
98
9% Nov,
10»A Feb
441/2 Mar
4
35
Sep
7% Mar
8,
53
Mar
4
3% Apr
Dec
; 7'A Nov
104
'
Jan
46 3/4
Feb
"
53/4 Jan
4:
7
140
134
Mar 1.
4% Jan 12
par,
.—-5'
Jan
.33/4 Oct
Feb
Mar
.
Jan
21'
Sep
,16 : May
2 % July
6% Apr
8'A Apr
Feb
33/a Jan
16
5% Nov
140
Dec
106
Apr
2% July
-
71/4 Mar 18
4% Dec
'
-No par
2% Jan
2
-No par
Class A_.__.__',
■7% Jan
"4
;
'20 3/a Jan
1301/2 Jan
Mar 12
87
5
71% Jan
General Electric C6—
30 3A Jan
-No par
57'
267/ir Mar 18
142.
2
2
120
Mar 17
21 '/a
,
Oct
93/a, Jan
.90'A Feb
21% Nov
132
Apr
Apr
X233/4
36% Feb 26
3%
Sep
6% Sep
66 »/a Nov
16% .Apr
'
7
preferred.;.:.^.;*,———100;
2
Mar 11
6
15% Mar 12
Apr
'
;:
2% Jan
8
*
preferred——.^.. -No
7%
Mi/a Mar
19
Jan
Mar 12
52% Jan
2'A Sep.
.1% Jun
:
9% Feb 24
Mar 19
63/gJan '4
*
142*
*140
142
*
11
5
.Mar 13
5'/*
52
t7%.cum preferred^;.—...—100'
General Cigar Inc..
LNo par
1,200
*
140
24
14
37
General Bronze Corp.—
General Cable Corp^—
15,800
5%
145/a
l4Va7
5%
14%
84'
14%
7783%,
26%- •26%
142 :
141
263/4 :26%
138
137
137
35%
■;
33%
35%
86%
■y> '86-:.
26%
♦136./' 139
7
14%
.73/4 Jan
'
'
■7" 26%
714'%
1% Jan
15
16
33/4 Mar
,
General Baking.—— IIIHII3.
-
'
;l5»/4
; 863/4 ■863/4
15%
,
$6 preferreiL....—
Gen Amer. Transportation.
.
42%
,
No par
—No par
Gen Amer-Investors—
600
'7%: 777%
423/4
;
3% Feb
13'/a Feb
......10
preferred.
:; Gaylord. Container Corp..;
v
733/2 % conv preferred..—. —II:so
'
'; :: 5% •'*. 5%.
5s/8
■
30
'
2
7* ,: 5 %
105
■
-5%
.
500
;
9
.
♦103
.
138 7
6% 7:
;
400
-
52
52
52%
43 ;742%
"7% ."734
431/2
,7-7%
43% : 43V4
■
73/4
140
9
,
♦104
43%. /'>
;
*135.
;
'7
9
-
Gar Wood Industries Inc.*, ™—.1
14,600
7*13% 714%'.
*13% :-14
83/4
/ *51V4
52%
■'
7(577
52%
*13'/a
13%' "l49/a'
52%
■■
105
7%
•
6%
6%
*8%
9%
'
i
/
/ 9
-43%
7
,
139
>135/
9% ■:
/yy
5
5
'
'
7 *104
i»-7%
v
V.5
52%
52%
;
."-*■■■
r 9
103
;■ '■
.
11
1% Jan
0y8 Jan
6
1191/2 Jan 11
3.Jan 12
—1
6^4
:
'
24
-*23%
Gair' Co1
*
*
100
,
'
*23%'
—No par
cl A—
"
-77r'"3%. :
3%
12%'
Nov
30% Oct
'
•
;
37%
37%-
7 2%
•
1 108
89% 7893/4
108
i
•
131%
38 '
38%
: 2%' -:■/" 2-7 7-2%
-7-2%
107% 107%*"
109'; 109 -
89
*87%
r
*87
:
131%
131
88
88 %>
88
897
,,
•130 ', 131%
131% .131%.
'
48%,
7/48%.
128
*127%
*22%.
'23%
*22%'
237 /
*3%
33%
73%'
;
18%
18
6%-
*
ey®
•*107 "
109
*107'
y
1%
103/4
*103 .105
1%
1%
*36%
37%
7
22%
18
:■: 1'..
17%
77v- l.''1
V 7 17%
105
.1%
1%
37%
■'.7 363/4
363/4
22%
22%
7-21%
22%
22%
13%
70%: ; 71
37%
■;7
21%
21%.
22%
7,800
100
.
'
.71%
,
.■;■;■*
V
133/4
72.:
13%
13%
2,800
71
72%
;
',
5
6
122
7
27
30
Jan
No
par,
126% Feb
No
par
173/8 Jan
2
7
par
2% Jan
48% Feb
130
2
,
41/2 Jan
'3% Feb
5
A Jan
2
10c
12% Jan
xl04
Mar
950
20 S%
20%
:
21
110
20%
20
20%
16%
"■
6%
S%
163/4
66%
7 20
20%
'
';
"
8%
7
■;
1%
->'• 6%
1,500
•68%
.♦107
7-6%'
67%
68
68
69
68
19%
19,.
19%
•
45 :■;
71%
25/a
2%
7%.
*43%
1%
T
:
2%'
*2%
Jan
2
106
Jan
30
3%
■
'5
23 3/a. Mar
4
9% Jan
2
13% Mar 19
Jan
2
72% Mar 19
Jan
143/4 Nov
:
53A Jan
14%; Nov
Mar
.14'/a
July
1
109Va May
% Jan
Apr
% Mar
23
1;
Dec
2V» Jan
Sep
101
27
■
37'/2 Mar
60
128
99'/a Aug
tV Jan
10 »/a Apr
5
1% Feb
Oct
44%
Apr
v
109A Mar
1% Mar 3
19
Mar 12
9
.
13% Aug
13/4 May
1
10
15% Jan
•
i%
2%
2%
■
'92%
92%
•
-•
1
3,800
7
.1
.
32%
33%
2%
5,700
25/a
2%
*91%
1,500
14
43/4 Jan
2
7
603/4 Jan
4
69
4'/a%
(The)^.
conv
(Adolf).
1
Brewing Co——1
Telegraph;Co.-—100
Goodrich Co <B F)
—-No par
5 % preferred..—.—.—No par
Goodyear Tire & Rubb——No par
■y
$5 conv preferred.
——No par
Gotham Hosiery——No par
Preferred
——^
100
17% Feb
110
107%
Jun
% Oct
313/» Nov
19% Jan
Apr
-8% May
55'A Jun
6
10
Feb
79%
Jan
11
May
101% Sep
4
Marl6
50
>'
4-
68
2
20% Mar
'5r
.46
Mar
2
2;
1% Mar
,'23/4 Mar
3
•
:
A Jan
1 % Jan ;*8
:
4
Deo
5% Nov
61
Nov
5%
Apr
Jan
653/2 Jan
May
12% Sep
373/4 Jan
•
4
Feb
15%
x40% Mar
Mar 11
2
Jan
Jan
Jan
8 >/a Mar 15
Jan
163A Dec
110
Jan
3
25
41
Goebel
7%
201/4 Mar 13
Feb
•20''. Jan
13'/a Mar
17
Mar 13
14% Jan
—.50
Gobel
22% Mar
4
5
—No par
preferred
.
59
Gimbel Brothers———No par
$6. preferred————No par
Glidden Co
'•
4
108
Gillette Safety Razor——No par
7
$5 conv preferred—
No par
*
44(4
*43y4
1
800
4
Jan
143/4 Jan
Corp..—..No par
6%' preferred——
——.100
General Tire ft Rubber Co.——'.3
19,000
19 V®
92%
32%
2 %:
V
v
100
V/i
:
68
19
-44%
1
.
68
19%
;
69%
■7,-r 73/4
v
2,000
5,600
;
6%
,
;/>68%
-
7%
*43%
.
(7 {?. 6%'
68
19%
: 45 -7, *
7
,769
,
•67
19.
.
16% Jan
:i5% Jan
Telephone Corp..i——20
Gen Time Instru
:
*
20
'
2%
General
900
110
;
7? 19
7'6%"
y.7%.
7%
':■'8
*43%
1%
19 77719%;
69%
693/s '
7%
7
Feb
% Jan
4
31% Jan 28
—
'
16%
*16
16%
*107A 7110.
;
6%
19%.
45
*433/4
y,
2%
20%
20
20'%
16%
7
19%
18%
6%
*68%
'•
V
67%
19%
19 Va-
1%
1%
17
110
193/4
6%
69s/a
7%
,
45
*15%
*105%
7 110
193/4
6%'
65/a
*66s%
193/4
*43%
:
*68 Va
/
66%
10%
•107
20
19%
/" • •
73/4
7%
110
.
'
7
69%
♦69
;
*107
;
20%
20
163/4
;. is3/*
110
.
.
87
1311/2 Feb
"
"
17
♦16%
,122
7
'
6% Mar 19
109
'
*20%
8
13
18% Mar 12
2
103% Jan
Jan
.'26'% Feb 16
13% Jan 25
Equip Corp——^
General Shoe Corp.—.:
;;
,—1
Gen Steel Cast $6 preferred—No par
2,900
7
102
Apr
*
13%
72
Mar
901/2 Mar
1321/2 Mar
;
'
71
61
-64% Apr
14
12
Realty ft Utilities.
1
$6 pref opt div series——No par
General Refractories
—No par
*
7,
Mar 15
Jan
116% July
1% Jan
%May
<
•441/a Jan
Gen Railway Signal—--—No par
6 % preferred
.—100
"
133/4
71%
13%
71-
70%
13%
70%
1%
: *363/s
1%
37%
110
■40%
111'A .Apr
,
Jan
.No
Gen
8
•21/2 Mar 15
T
—.10
•Gen Public Service—
50
1%
'
941/2 Jan 30
83'/a Jan
129
General Printing Ink——.,—..!
-$6 preferred...——No par
2,300
106
*
38'A Mar 17
,1181/a Mar
i
Common———
Gen Precision
*
1,500
17%
17%
♦105
r
;
4,200
.
.1 ■//■
■
13
Gen Outdoor Adv A
y;
2,700
67/s
109
-
7yi:7'
v
17%
*36%
13
—
106
'7*1
17%
6%
*106
■71;'7 7
♦105
*36%
37%-
13
■\
109
1 ,■/;: '•y//1
17%
17%
1 %
7/ 17%
^6%
l'/a Jan
100
preferred.!.
General Motors Corp.....
y 1 $5; preferred—
200
A
*2,100
,3%:
5%
:
22,800'
: 1,100
'24'%
.
4
500
50
128%
-
/:773%.;
18
"
'
1%
'
13
13
*106
106
105
3%
:';;7" 171/3
7---6%'
*106.' 109:'
128
*23%
23
73%
63/g
6%.
7
18
*17%
*103
1% "
223A 4 23 J-
/
23
1
-
18%
*36%
.
\
6%
- 109"
6
128%
128%
3%
180
r
47%-:> 47% '■
'47%^
■t;> 23
23
7:3%:
:"17%'
18'/8
*106
7
*22%-
.
•7
3%;':
17%
/'
105
7 ■/. 1%
.
"
1%
*103
18%
.3#;
6'%
109
v:;7; n
1%
:
22% : 22%
;
129
*128
128/
128
:
17%
17%
6.'/4-
887
131%
'
v> -47%'
48%
,7,-47%
* 48 V*
48
V
3%
:
.
■
48% ;
7*127%: 128 ■'"
48
/
131%
Gen Gas ft Electric A-;^.;— -No par
$6 conv preferred series A -No par :
General Mills——
..No par
82,200
Jan
tl3i/2 Jan 22
$4.50 preferred.—.——* -No par
'
.
88
♦130%
88
~
•130
•34'
.No pat
Corp;
y General Foods
130
"77
7 105:
104
"
'
7
181%
•4,000
116%.
1%
'"2%
116%
•'■
,
38
37%
\
*116%' 118
116%.
;/116%
7
2%
-
37Va 137%: ;'■
38, ' 38. *116%. 1187
116% .116%*
: 2%: .v-2%'.
■C .:.2% : 2%y' 7
109 ' 110
/
110 • 110 7,
;
*116 Mr 118 5
16
Oct
44
Feb
%• Jun
H Jan
2%
1% July
Jan
*
>88
:
; 92% '93
91 % •:-•
.
*90%
33 Va
;
34%
33
92%-
.323/4
,
92
x32%:
91%.
323/4 ' 33%
91
96(4
•53/4
97%
"
'
5%
■■■
1%
7
5%'
*97%:
"■
97%
*85
5%.
5%
•87%.
,
5%. "
*85.
•
1%:
1%.
5%
5%.
87 Va
:
■
85
;
1% /:t'
5%
53/4"
5%
:
911%
/
11%
11%
11
•■
•
♦24%
•
10%;
■;
*85
85.
-
1%
96
*24%
141
62
-
77
31%
7
13/4
53%
12%
12'/27
10'/4
10'A
313%.
31%.
31 Vi
243/4'
*241/4
.
-
S'A : V
•
.
313%
24.3/4
-
■
63/4
*
34%
25%
'253/4
243/4
200
17
17
17'A
283/a
273/a
28%
,3,900
43,000
'
25%
2,200
141'%
480
10% Jan
27
60 Va
Jan
90% Dec
.1% Jan
4% NOV
2
Feb
27
17
6%
1% Mar
8
3.
9
29'% Feb
3
32
8
Jan
5■
Jan
15%-
15%
14%'
I43/4
3ya
■
15%
153%
♦11%
:
15%
*55
3
3
:
3y*
37%
.15%.
14%
13,200
'3 Vi
33/2
8,400
931/2
'■
14%
92
Green, Bay ft West RR...
"14%
11%.
92
62
7l5'/2
*11%
15%
.143/2.
'
■371/4
37%
xllVa
«
15
1434
■
Xl5 V4
.12-
3
3Vs
3
3.6%
.
12
'37
253/B
141
62
1413/2
93
*90%
7%'
;
r
.
-
90>/2
7%
33%
34%'
93
■■77' •;■
6%
343/4
33%
63/4'
.
:
34%
93
94I/2
300
'63%-
7
333/4
34
341/8
-5preferred——
3,800
•
.8,500
12
600
7ya
343/8
Green
•
(H L)
Co Inc
8%
preferred.^.
:
6,600
Dec
25
July
Nov
:
Feb
17'A Mar 19
13'/a
Dec
183A
Oct
193/4 jun
25%
Feb
27
2
Mar
143% Feb
22%
3
2
3
31% Jan
19
37% Mar 18.
14% Jan
*4
Jan ' 4
15% Mar 15
12'A Feb 16
2
15% Mar 16
11
65
Jan
50
27.;
IO1/2 Jan
1
2
19
3% Jan
12
2
343/4 Mar 15
97
Feb
33%
14%
Dec
ll'A Aug
9'/a May
143/a
Jan
3%
Jan
86
483A
11'
'
—
Jan
1% May
Jan
7% Mar 15
25% Jan
100
Jan
631/2 NOV
Mar
10
f'
3% Mar 19
2 3/4 Jan
81'/2 Jan
par
143
; 25
10'/a Apr
..
m
28'A Jan
Apr
Apr
July
.Apr
130
.5
Jan
593/4 Mar
Gulf Mobile ft Ohio RR—. —No par
$5 preferred—
; —No par
43,500
32
28% Mar 16
•
;
83A
9'A Nov
22'/8 May
6
23% Jan
1Q
...
Apr
,7
138
.—No par
Grumman Aircraft Corp.;
Guantanamo Sugar.
—No
.51/2 Jan
Mar
23
19
Dec
l'/a Nov
Jan
15
-
Greyhound Corp (The)
51/2% conv preferred
813/4
-Jan
.
;
Dec
21% Jan
100
...
83'A Dec,
,' iV Sep :
4
Sep
6
-
4
24% Feb
241/4 Jan 27
JJO
—
Jan
•
6
12 */2 Mar 19
11
Mar 12
.
Nov
Jan
f
x58
:
3
5% Mar
2
.;; 7% Jan
Great Western Sugar——. —No par
100
Preferred ^
25%
141
*55
3T
•57
141
62
141
62
363/4;
34
11
.43/4 Jan
•
56
Mar
87% Feb
11
Jan
I! Jan
Gr Nor Iron Ore Prop.... —No par
Great Northern preferred., .—No par
25%
25'/2
25%
141
"*11%1
6%
7
34%
.
—No par
Grand Union w div ctfs
"Granite City Steel—.. —No par
Grant (W T) Co.—
— .——10
16%
163/4
283/4-
•57
12 •••;
*90V2
1,600
27%
24.3/4"
163/4
27%
7
'
92
*90%
41/4 Jan
Deo
13
333/8 Mar 19
98
Mar 12
8
9
80
—
'
1,700
-1,600
25i/aJan
Feb
27
73
34% Mar 12
943/4 Mar 4
4
90% Jan
■
v
*
—;i:
Graham-Paige Motors.;..
Granby Consol M S ft P.. ........5
Jan
83
.82
4
93-
2
24% Jan 12.
_.
2,400
•7
"
313/4 :
10
.Jan.
*
29,300
53/8
5'/4
12 »/4
10%
*24 3/4'
10»%
141
■
/15%;
3Va
3%'
1%
10
11%
lO'/a
28y»
36 y8
-14
k»/2'.
1,500
y
.
'
28%.
.
36%
*11%.
87'%
•85-
31%
5%
*11%
7
:*
*24%*, 24%. ;
17
17" 7
,
253/4
62
*
*14»/4"
3%<
10%:
15%
•"
15% ,15%
11%
'11%
700
■53/4
11%
V
"'5'/*
7
12: y
36%
'
-14
*
.
10%,
141
=
*57"';'
36 3/4-
36%.
24%.
,253%:
141
96'
76
Gold- ft Stock
•
27 y8
26%
26
12
*
•31%.
16% 717
283A
:
7
7 51/4
87.3/2
,
1%
13/4.
'
;
*58
•
10%;.
313/4
"
27%
141
.
*313/4,
:
IT
♦
26%.
12 y8
*11%
7
313/4
247/s
31%
"
"
333%
732.%
■
'
17
13,800
1,900
19,800
*
:
1%'/
7--5% :
1%
5%"
97%
'
53/4.
$%
87%
♦85
t il'
70
7.
33%
901/2
32 %'
963%
•S'A'
97.
93
32%
91®/a
32
32%1
96 '
•
91%,
31s/a
■■■;:
,
(JO
"
973'4
97%'
.
91%
'34%:;
92%
;
33
,732%
90
•
333/,
34%
■; 33%
7
90
;'
92
"v
2 'A
18
41/2
Jun
Sep
Oct
333/8 Oct
Jun
H
*36
25
'25
♦24
y27 31 Vi
;*i3"%-.
*12 %:
x37Va
*13%
13%,
13
•
104 Vi' lG4J/2
25
,
•
13
105
For footnotes see
.
'
1
■
*23% :
37%.
37%.
*13%;
.13%
13
•
•
'105-
page
:
133/4.
105
1059
-
26 :
•
>23%
26>
.
371/2
-
37%,
13%
13 y»:
;*3 6 ■;
133/i
V13 ;
133/4
105'-*
•>104%
105V:.,
—
'
>23.%
,*37
-
.
-1
26
4
37%"'
>13%-. 133/4.".
♦13
13"
-
-
*1043/2
..13«/4
105
•
-
♦23%
26
*37
37%,,
-
•
100.
r
-20
13% '.13%
13'
•
200
13
104'% IO43/2
^Hackensack' Water————
400
:
60
7*'preferred class A____
Hall Printing Co—
:
Hamilton 'Watch
*
—.25
•36
100
Jan
12'A Ja n
.10
i—Ne par
f %. -pnftired-I——-——
,25
22% Feb 11
—25
•
5
9% Jan 18-
105'
Jan
30
:
'
Jan
30>
Feb
35
Dec
8% Mar
<' .13
29
3
14
:Feb 11
13'A'Mar 16,
105
25
Apr
193A May
;Mar 12,
37 '/a Mar.
13
,
8
-
Jun
95
'Man
i.
Aug
11'/* Nov
-106% Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1054
Monday, March 22, 1943
NEW YORK STOCK RECORD
AND HIGH SALE
LOW
Saturday
Monday
Mar. 15
Mar. 16
1 per share
$ per share
STOCKS
1 per
f per share
I per shan
Mar. 19
Mar. 18
Mar. 17
•
104
104
17%
17%
,
*138
*138
142
■:
.
*102%
103 Va
*102%
142
*17
*138"
142
■
103%
17 Va
*102
17%
17%
17%
17%
*138
142
103%
103 Va
104%
*103%
.
*138
16%
17
*94
•
8%
8%
6 %
6%
6%
96%
8%
2%
6%
*94
2%
5%
-
;■
:
8'A
8 Va
8%'
700
-v.
96%
I per share
Co $5 pfd—No par
-
2,400
104
i13 % Jan
par.
135>
18
Feb
Jan
98
98
26
:
104
12%: Apr
Apr
3% Mar
17
I per share
Apr
X126
Mar 10
Feb
Highest
I per share
*4 Mar .5
•
1012
Lowest
6'A Mar 15
Jan
•7
Feb
138-
4'A Jan
86
1
$ per share
99% Jan■, 6
.6ft.preferred;_A——uA.A_A_A,10Q
Hat Corp of Amer class A——1,
6 'A ft preferred——.A
—100
Hayes Industries Incl—————
—
5%
5%
■
(M A)
Harbisoa-WalkRefrac.A——No
1,100
142
*94
96%
*8'A
8Va
Hanna
'
6
*94
96 Va
8%
8%
2%
.
*5%
.
96%
8%
8'A
-
6 'A
6 %
*94
,96%
.
....
Par
90
■■
16%
16%
'
6 %
*94
;
103%
*138
142
.
Year
Range Since January 1
Lowest
Highest
*
A
EXCHANGE
Shares
1 per share
share
A. A'
the Week
■
Range for Previous
NEW YORK STOCK
galea for
t
Friday
Thursday
Wednesday
Tuesday
Mar. 13
PRICES
*
80
.
9% Mar 11
j
''
Jan
16% Jan
•.
146
i
Jan'
'-
4% Dec
88
Jan
8
5% May
May
.
Va; Nov
-'
'
2%
2%
2%
170
15%
.15%
65
65
*164
170
75
76
■:v 75
59 %
131
*130
■:
100%
15
75'
'■
:
74%
■
100
65
30
75
75%
•
*106
108
*106
110
108
*17
19
*17
19
*17
*19%
20%
*19%
-*33V4
35
Hercules
Motors
*130
59
■--*55
60
*55
Hercules
*106
110
*106
108
108
10
.
6%
preferred—-
cum
'
V :
60
108
-^■-'
v
2% Mar
66
167;
8
131
100
5
9
Jan
100
; Jan
;
45
5
108
-
125
Mar
94 %
Apr
' May v
.
51
2
r Feb
60
1% Jan
79 %
29
77% Jan
134
A,/;
'
<
141 %" Apr
10'A Apr
9
-
15% Mar 15
Mar 15
t49
Mar
% Jun
.;
Feb' 27
6
; 12% Jan
-73
Jan
par
V
9
100% Mar 16
20
5
Hershey Chocolate——;—_.._Nopar ?
A' $4 conV. preferred-—-—-No par
300
...
.
:
Jan
56% Jan
152
Powder;A—No,par
"
'
132%
*56
No
—
-
2.
.
93 % Jan
,
———25;
—A—100
'■■: 1,300
>
76
76
132%
60
1 >A Jan
:
,
25
Helme„(G, W)
.,-Preferred.
900
14%
*14%
14%
—2
——
t Hazel-Atlas Glass Co——.
400
164
164
.Hayes! Mfg. Corp-
,.14,200
v
880
100
*130
74%
2%
■
*63%
V
64%
165%
Xl4%
132%
*130
2 %•
:■:
100
99%
164
170
15
2%
64%
65
*63%
132%
2%'
■
108
*56
60
*56
j
.2%.
*164
15%
•
131
132
*57 ■■■:
■15%
15%
15%
■<
,
100
65
170
76% "
*76
*131
100 %
100 Va
65
*164
63%
63'A
100%
100%
100
100
*164
2%
,
-Apr
•
Feb
Mar 16
79
Mar
Oct
*
Feb'
14%- NOV-
75% Dec
<
134
i
30'A Mar
9
Dec
58%
158
A
f
'
Oct
48 %
Dec
102% Jan
'
'
32
9%
15
-
•-
38%
t
*38
*106
*49
'
V.
•6%
6
36%
'
'
'
'*1%
■
■
25%
■
'
;:■■■■
■
38:
38
Hind© 4t Dauch Paper Co
Hires Co (C.E) The—_C—J
:
20%
*19%
■;:
3Q0
>
'
7%.
500
.
1%
107%
<
107%
6 Va
14% Jan
18% Feb
16% Jan 18
1%
5%
5%
26%
49%
49% ■; '■<■■■-■
.108%
7%
7 Va
7%
1%
1%
1%
1%
6
■
-;
■
1%
*6
^
5
12% Mar
•
•
Dec
15
Mar
11
17
7%
7%
7V4
1%
1%
1 %
...
7% '
2
15% Mar 19
36% Jan 28
'
NOV
'
Houdaille-Hershey cl .A——.
9% Jan
..5ft
preferred^——
Hudson
i
800
•
■
5 ft:
dt; Manhattan
:■
100
—
Hudson Motor Car
>
>
:
100
..
%' Jan
s
4% Jan
•,
1%
7
———.
XHupp Motor Car Corp
14 Jan
—-i;
4
-
39%
Oct
Jan
u%
Nov
Apr
44%
Dec
106
May
2'A Apr
293A May
Sep
4% Oct'
•
34% Feb
% Jan
'
27% Mar 17
2
A
1% Aug
4
Jan
;' 16%
.9 V8 Mar 12
1% Mar 3
2
Feb
Ja:n
4
7»^ Mar
•'
Feb
38 %
96
>
.-A
25
<2% Mar
•
8
22% Jan ; 7
4Va'Jan '"2
Jan
115
<
30%
^
4
■
18%
Dec
Deb
8'A
4
Feb
7%
Dec
27
6% Feb 24
37
'
12,600
Mar
109% Feb
2
4
•
-
,
50
•
Mar 10
3% Jan
-?3
preferred.;-:
Hiid BayMin,& Sra Ltd
,
2
30 %, Jan
t c
12'A
,21%, Oct
38'A Jan 26
12% Mar 12
.
5
Jan
105
100
Houston Oil of Texas v
44
-
How© Sound Co_—
-15,10,0
l
A
Class B
*
36% Jan 12
■
29%. NOV
Jan
110
-r.
12,50
Household Finance..,;.:——-:
5,900
6
3
5
,
2,700
■•
•
9% Mar
>
Jan
>
270
.
'
6
7
Jan
900
f
26%
26 V4
Jan
-5 ^
—
"14% Jan
Mar 13
-33
13
8,100
V-
V.
6%
27%
26%
/
>
.
V
21
31
700
1:
36%
1%
1%
6
■
1
6%
6»/a
x36
28% Jan
<
Homestake .Mining.^—i—:!
?
400
-
no
—
-8,400
2,300
108%
108%
6%
1%
27 V»
7%
1%
11%
36%
1% v:
1%
11%
6
37
26%
6
•
36
6V4
.
37
38%
.........
'
■■
:
5
20% Mar
6
Holly Sugar; Corp-,
7ft: preferred.-^————- —100
;
*37%.
Furnace, (Del)
Hollander & Sons. (A)„—
2,100
;
:
50
108%
108'A
6
V
37
15%
'
:■
Holland
1,300
•"
'
11%
*49%
'
v
9%
33%
11%
49 Va
6
8
1%
49 Vi
:
'■
.
32%
38%
11%
49
*114
:
33%
*37%
-
"•
15%
15%
.
:
32'
■
9%
-9%
9%
-
*31
32%
-
■
26 *A
:
8
1% :•
-",
^
-
*114
33%
11%
1%
1%
26%
•
7%
1
>'
19%
19
*17
33
15%
-'i.
33%
■
11%
37
6%
6
7
25%
'*25%
37
1%;
•2
*6%
.
38%
6
6»A
'
i
.-
15 V*
15 »A
*114-
*107%
107%
'
37
15%
9%,
49
>
"
36%
19%
•
*31 Va
11%
50
■
9%
;
33%
*38
:
12
107 Va
109
6 Va
38%
"
11%
50
'*48%
v
:
17%
*17 :::■•
32
:
33%
33%
33%-
'
12'A
12'A
19 Va
*31 Va
9%
*15 Va
*114
*114:.
34
•
i 19%
33
9%
•
•
15'A
15
15
<*38
20%
32
9%
9%:.
.
*114
33%
*17-
;
33
,
*9%:
.
•
20 Va
*19%
•.
18
19
.
3Vb
5% Aug
23%
Apr.
Jan
Dfec
5% Nov
1%
r;.; ft Jan
Apr
'
•
10%
11%
10%
10%
11%
12%
A 11%
11%
34,800
25 V-t
25%
24
25
24%
24%
23%
24
*23%
24
23%
24
-4,200
39%
39 %
40
40%
40
40
40
40
*39%
40
40
40
400
11%
11%
7%
11
10%
i
*•
8%
8%
8%
7%
7%
15'A
15%
15
15 %
15%
15%
15%
15 y2
A *15%
15%
15 y8
15%
1,400
11%
11%
11%
11%
11%
11%
11%
11%
11%
ii%
11%
3,900
x36%
36%
2,900
A 1,400
8'A
'8%
8
>"A
8 %
7
7%
%
39'A
36%
38%
37
37%
.95%
A 96'A
96%
96,
96
95%
*160
*160
165
72
72
12%
.12%
"7%
v
165
72
72
A *7
7%
37%
37 :-'j-V
37%
96%
96
96%
165
*160
*160
96%
71%
71%
71%
700
12%
12 VA
A. 12%
12%
7%
6.50Q
7%
7%
7%
7%
7
12% Mar 13
2
25% Mar 13
13
7
40% Mar 15
32'A
8
,-100
37
preferred--
Inland Steel
1,700
Jan
5%
8% Mar 15
9
28 V<
27%
27%
A 111%
30%
28%
30%
'
111%
111%
111%
*111
28%
29%
29
29%
111%
111%
■*111
111%
A
29%
6,600
111%
90
29
111%
v
-100
Co___———No par
2%
Jan
4'/a
10%
Sep
16%
6%
Jun
14%
Oct
Apr
35
Dec
May
July
100 '
Mar >8
40
99% Feb
166Va Feb
72
21
2
74
153
9
Apr
8% May
4
8%
8%
*8'A
•8,A
8%
.
154%
8
.
8%'
7%
7%
A A 7%
8
7%
-
8%
154%.. 154%
.155
155
8
.
8%
8Va :
8%
154%
;.
154%
154%
63%
:
64%-
7%
7%
64%
63%
65%
:
65
65%
65%
x63%
1,000
8-,
7% Mar 19
6 '/a Jan 27
5%
64
r
IntvBusiiiess Machines—No
7,000
.
167%"
167'A
167%
168
167%
V
167%
par
100
Harvester—-A_No
'
"
168
par
Interuat'l
700
168% ;
168
168
167%
168%
.1,270
t Preferred—A
■
_
Jan
Dec
74%
Feb
12%
Jan
6%
Apr
18%
30% Mar 15
21 % Jan 28
6ft
preferred—
100 106
lntercout'l. Rubber-—--——-No par A A; 7
Ioterlake Iron———'
-——No par
6
7,200
154%: 154%
64%
64%
156
'
1
7%
7%
7%
7%
*154%
■
163%
54
Mar 13
13% Mar
/•
Oct :
Feb
Feb
"
Interchemical Cprp—-—No par
.
-
:
9% Nov
■23% Oct
'42
Mar
Jan
1
13% Jan
Oct
'
*111
Jan
May
12
15% Mar
11% Jan
2
11% Feb .8
32% Feb 19
::
88
Jan
6
165
Feb
1
62
Jan
5
10
Jan
6
par
A
;
4
"
Inspiration Cons Copper—
.20
Insuranshares Ctfs Inc
——1
4
;
--—1000
ctfs series A
Ingersoll-Rand—,—™——_No
,6ft
71%
12%
*7-
:
Jan
IS1/? Jan
Jan
'
.
.—100
-
Indianapolis P & L Co——No par
Refining——,
10
Industrial Rayon———i.-—_No par
'
7%
_
Indian
165..
*160
165
71%
12%
.
'
-
96
71
12%
12%
12%
12%
*7 " ■:
■
*160
*71
165
,
♦71'A
37
96
-
.
preferred series A—-
RR See
2,030
■
39
(
6%
Leased lines 4ft
•
11%
.
Illinois Central -RR Co_. ——100
.
•
1X2
Jan 21
■' Jan
2
Jan
J/a Jan
;-5JA (Apr
5% May
109% Mar
8
40
18
168% Feb
5
:
4
65% Mar
9
162
23% Jan
111% Fed
: 10%
Jan
100% Aug
Mar 15
8% Mar
155
A 144 Va Jan 20
•*•■ 56% Jan 20
■-
3
Mar,
8 % Mar 12
2
Jan
.
147
8
Jan
151%
Apr
61
; May
166
Jan,
Dec
July
'
"
"
i%
'
1%
:
13 VB
12%
13
12%'
2%
1%
2 Va
Al%
12%
12 Vb
12%
12 %
15%
15%
15%
64
62 Va
62 »A
15%
15%
15%
163A
15%
2 Va
12%
2%
1%
.
-AA.
2
12%
15 %
17/8
class A——25
; Iiit Mercantile Marine—-i—No par
Ihterhat Min.L Cliem
—i_5
8,900
16%
16
5,800
'
!
'
'
64
*62
64
*62
Int Hydro-Elec Sys
19,300
12%
12 VB
.
15%
-'/A
2
*62,
•
*62
*61'A
64
100
64
>
9% Jan
11% Jan
4
:5
55% Jan
8
3% Jan
:
"
2% Mar. 15
:;v
5
13% Mar
jA July
3
16% Feb
5'/a May
It
62% Jan
% Jan
13
3 %
12%
Jan
12%
Dec
57
Dec
May
-
4ft
preferred.!—
-100
—
38
Apr
'
4%
.4%
33%
33 VA
4
%
11
:
:
4%
4%■
/
57%
4%
4VA
34%
33%
33%
11 V«
57 Va.
4%
33Va
*135%
135%
107A
57%
4VA
4%
"V
4%
136
•■*135%
<
10%
.'
,
ii
57%;
56%
"4%
4%'
4'%
.: ":.■-■
X56%
4%
4%
"AAA 800
33'A
:;"'■'
136
10%
ii: v,
57%
::
.
*4V4.
33%
16,500
135 Va' 135%
10%
11%
56 %
,,
AA:
-
53
44
*42
52%
52
*41%
52 A
44
.
105%
7%
7%
7%
33
'•
42%
*102%
43
,41%
*102 Va
32%
32%
42%
105%
,:
7%
.
33
*41
.
*101 V4
42%
41
A
52%
4%
-
33%
..*102%"
7
7%
6%
7 Va
7%
6%
7
43
32%
-32 Va
32 Va
■
40%
105%
:
105%
V
" 200
A
,
.
7 Va
7
7
800
7%
7'A
35,000
'
7VB
"
.
7
•
*95 Va
13
29 Va
'
*143
148
IIVb
28
27%
102
*96%
'
98
29%
"
..'.22%
: 22%
74
V.
10'A
A 10%
23
22%
*72 Va
TO 'A
'A
*63 VA
"74 Va
10'A
10 Va¬
14
14
14
*121
14
14
125
125
6Aa
7%
'
A 78
.
74
10%
A'
14%
:■>' 125
*9%,
*13%
„AA
17%
12 VA
12.
,12'A
22
12
11%
,1,800
27.'/a
;
..
-■
1,200
100
78 As
17
i17
■
27%,
*26%
3
:
*
22
3,500
>120
22%
A.
11,200
'
10%
63%
72 Va
100
10 Vb
1,600
*13'A
.
72%
10%
74
A-10%
79
63%
•63%
*72
6%
"
10%
.
14 y4
400
-
'
800
7% A,
Johns Manville;.:-—_No
6%
'•»
24
24 % ■ -
17%
ll %
*9%
:
24
■
9%
10
*92
96
13%
.
12
A
96
*13%
M—A
■
17
Kan City* P & L pf ser B—No par
"
Kansas
City < Southern—No par,
.4ft}preferred;-!:. ———
——100.
Kauf mann; Dept' S to re s
1
Sft'conv preferred-—
100
:
__ _ ___ _ _
—
xll%
100
'
A
j-
11%
11%
11%
preferred-100 ,
Kelsei Hayes Wh'ji conv-pll A>——1
v
Class'
—:>i;;.:. '
>6,300
21 lA
*12%
13%
>12%
'
109
,
11%
*11
11%
*42 ::■•:•
43
21%
X21VA
21%
*12%'
13%
UV-2
32%
23 Vb
23
110
5 VA
32%,
<
4'A
.1%
1*8
1%
1%
1%
13%
13%
13%
12%
27%
•27%
27%
27%
17
30%
30 Va
36
,
6 Va
For
27%
35 %
36 VA
6 VA
6VA
6%
see
page
1059
35 3i-
6V4
36%-.
-6%
■•••*7Va
8 Vb
26%
::•;;•
2
*7
8%
11%
12
42%
42 VA
-
22
22
13VA
*12%
13%
*13
32%
33
12'A
*109%
110%
$5 ^rlor-preferred—-i-l-No par
Kresge; (S ,S) ' Co———-10 '.
4'A
4%
4%
4V4
22%
Laclede Gas Lt. Co St Louis
•5 %A preferred.^
:
200
1V4
16%
30
.
,
12%
27%
.
1 %
12%
30
t
1,700
.
1,000
110VA
,
.
11
32%
127
5%
:
12
17
' 4
17 % May
D?c
May
7% Aug
::
Feb
,34V2
6
-
,
4'A
160
16
Lehigh Valley Coal—;
6ft conv preferred—;
6
Apr
81% Dec
1%
1%
4,600
12%
12%
3,200
27%
27 %
27%
27%
27%
16Va
*16%
17
16%
16%
35%
35%
6%
16 Vb
36
6%
*30
35%
6VS
30 Va
.
35%
6V1
-
3,900
400
1
t
.
,
1,700
5.6C1)
20,100
Lehman
Corp
Libbey Owens Ford Gl——::No
-
.
12% Mar 13"
Sep
93% July
10% Apr
4% Jan
par 15
103%
Dec
14 %
Dec
Feb
107
33
.
Mar
23
'
100
26%
6
17% Mar 12
30., Feb.15
3VB Mar* 1'
Feb
2
39
22% Feb.17
May
..,9
"
Jun
11%. Apr
7
:
h
24 Va Jun
<1% Jan
30%
17
c
'
'
2 Vb
8V4 Mar 16
Sep
Mar
Jun
105%
Dec:
Jan
37%. Jan
15%
Dec
29
Jan
2%
Feb
40%. Feb
22%
3%
Jan
Jan
26% Feb
?0
19%. May
27
Jan
27 Va Jan
18
22%
Apr
29%
Jan
7%
Apr
13
Apr
41%
Sep
11%
Jan
18
Dec
7
13% Mar 17
%
27
Jan
2% Jan
13 Jan
11% Jan
.
2
Mar 19.
33% Mar 19
23 % Mar
112
8% Mar
<15%
Apr
18% May
4
Feb: 25
104
1% Mar
2%
5
6
14
Mar
4
28
2
11%: Dec
28
23%
Deo
Jan
Aug
'
5% Mar^ 4
May
113
Jan
Jun
4
Jan
1%
Jan
VI Dec
8%
17%
Jan
15% Aug
Apr
25
Dec
Jan
12
Feb
11
14% Jan
6
17 % Feb
25
11%
Apr
14% Aug
A
23% Jan
8
30% Mar 13,
18
Apr
26%. Dec-
31
Jan
1,2
36'A. Mar-13
20%
Jan
33%
Deo
5
Jan
2
'6% Feb 27
Mar
5%i
Jan
24
•
.
par :
7
Feb
Jan
11%
21%
4
1
-Lehn & Fink Prod Corp_—
i —5
Lerner Stores. Cprp——.—J No par
.Libby. McNeill, ie Libby—
11%
100%
Jan
12% Feb"' 17
27
par
—50
(The)——
29% Nov
22
Jan.
•
.
7
Oct
7% Oct
43% Mar; 3
107% Jan
.No
1%
May
.
4
26
•'■
—50
12%
Dec
124
4
20
•
100
4ft- cpnv preferred'—-,—;
Jan 12
Jan
2
Jan 11
Jan 4
Feb 26
13%
Jan
"
2
7,
Jan 13
Jan
Feb
Mar 11
f
24% Jan
7
—5'.-.
1 Lehigh Valley RR™
■
Jan
Dec
Nov
■Jan
25
-
Cement-—
8,700
•
*1%
30
Portland
'
73%
Jan
Mar
16
17%
107%
129
11
5
26
108
10% Nov
: ,33% Jan
79"%
2%. Jan
24
15% Feb
Jdn
Nov
64
117
V
3
10% Mar 12
93
'
61
23
25%, Feb
50 % May
Jan
138
53%
25
Feb
7% Mar
'"May
122
13;:
3
14% Feb
124
Jan
18% May-
:
10% M&r., 6,
1
2
4
-
-
9% Jan
35
—.
Lehigh
Apr
Jan
Dec
11% Jan
A
>100
(The)—™——.No par
No par
Lane,Bryant™.;
Lee Rubber. 81 Tire———;
,
•95::
Apr
6
■
VA
•
>
10% NOV
Apr
Mar
Oct,
Nov
7% Nov
17% Jan
100
—.
100
12%
30
••
.Lambert Co
'
.
1%
34%
18 %
2%
23 Vb
24%
Kress;(S H) .& Co_—>_No par.
Kroger Grocery & BakNo par
4,300
23
109%
8% Jan.
7%
•
7%
11% Mar 4
29
Jdn%4
2
•
104%
;
i 24%
143
4
15% Jan
25 ,Jan
'Krcsge Dept Stores———-——I
300
,
-
33%
;
23%
23
800
6,700
13%
109-'A
:
:
1,400
•
42%
21%
23
-——No par
Keystone/Steel .&'W Co———No par;
;;Kimbeidy»Clark_>_—-,-No par ;
:
Kiiniey (G Ri'Co--^—-—
-I •
'
4234
32%
Kenneoott Copper
Jun
; 88 VV Apr
.
102
Jan 29
28% Jan 7
:
;
10
'1,700
■
-'v--4-r.-.--
pt:pfd A—No par
'
11'A
32 7 a
600
21%-
21lA
4%
16%
30 %
■36%
footnotes
27%
16 Va
21 VA
23 'A
1%
30
38;
*37 VA
•
42
-
32 »A
13
16%
21 VA
1Q9%
4%
30%
11
38
21%
13%
:
32%.
30%
-A
.
21 %
42
.
110
*16%
8 VA
38
...
21 Vb
.
23.
;
13'A
*16'A
11
21%
400
:
26 »A
23 Va
4 Va
;
.
26%
38 Va
Kehdall Co $6
24,700
A ' 700
.■»
2%
26
32Tb
5%
5
28 VA
2%
26
*109% -11 OVA
22%
22'A
109
28
3
26%
*38
*
33 V<
*32%
17;
.
26 Vb •26 %
•
43 Va
43
21 %
■'
32%
17
28%
*2%
32%
17
26 VA
.11%.
43 VA
21 VA
*27 Va
3
32%
26%
.12%
(12
28 VA
:*2%
32 Va
.26 JA
26
6%
v
Jan
30'A Feb 27
Jan 21
81% Mar
Jan 27
; 133%, Mar
Jan "7
x23 Vt Mar
Jan
7 : > 64, Mar
Jan 8 , ' 73% Mar
11 % Jan
103% Feb
14% Jan
.39%' Oct
May.
2
Jan
.32: •• -Feb
1% Jan
12 Va Mar 13
Mar
.
Jan
48% Feb
'•
94:, May
Feb. 15
,
:
20
-26%
26*2
26 Va
-43%
*16%
:
.
108
*107
8%
8'A
26%
25%
7VA
16%
28%
3
33
108 A.:-:-
26%
26 Vi
7%
26
7%
>107
21 %
8%
25%
.26
15
3
46%
May
12% Mar 16
.
' Co--———5
Dec
15%
Mar
26
;
Mar '5'
Feb
97
x!2%, Jan 19
122'A Feb
2
5.% Jan 2
20
Jan 13
7'A Jan 6
83
Jan 2
-Keith^Albee-Orpheum
-■'
16%
16%
Kays<;r (J)'
:
-
38%
21%
26 Va
\
136
<-.60% Jan
3 % Nov,
Oct
39
1
Mar 13
8
Jan 14
8'A Jan
;
^Kalamazoo Stove'& Furn—A-—--10
500
14%: A
21%
25%
70
126
19 Va
r54%
64%
..
Joy'Mfg.Co————1 ■
,
■'AAA
*107
'
:
.
21%
26%
7
107
16%
•
.
•
43
v
30%
■
25
33% Mar
?
i'/a Oct
Mar 15
105,
9% Jan 12
26 : Feb 19
par
Preferred
4% Nov
30% Oct
7% Dec
85
,
1,000
'
•
9%
*92
13%
A *16%
32%
.
28%
*38
53
7
Jan 15
Jan
7
Jan
7
Jan 7
>
s'43% Mar
;
15
42% Feb
4,
Id'/a Jan 4
" 27% Jan : 5
135
Jan
5
;
.
^
'
-
*107
17 I'¬
16%
*27
:
1-—^-^————---100
; Jones & Laughlin Steel---—-No par
5ft pref ^series A—r--L-—A--J.10J
5ft- pref "series B' conv-—i--100 :
:
,7,400
*121 A. 125
7
-■>•24%
14%;.:
107
33
-1 '
!-l •
.
3
'
;
16%
dan
47/» Mar
.
'
96
*13%
*107
107
32%
;
*2%
38%
21%
21%
21- 'A
27%
*38
38%
*38
32%
16%
*2%
3
2%
.
.32%
*16%
27%
,32%.
:
,32%
'
*106
'
»
7
Mar
58% Mar" 1
:
4.%:ft preferred!—100;
-.->r
107
*104
par
Jewel. TeaxCo; Inc__„——No par
"
107
*104
36
Jarvli'<W BV'Co————-I
V ;
134
*131
A
14
17%
11%
•
125
*9%
20
.
27
22 Vb
63 V2
10
♦92
;
>10%
78%
14
*106
173A
17JA
10-
148
*143
:'"■- *96%
134
*121
'
*106
;.lsland Creeku Coal-—/'$8 preferred:-i:;—
14
14 VB
17%
73%:'
14
94
*13%
900
>121 A 125
10%
*92
,*17%
; 12%
22%
24 VA
14%
*106
78%
63%
'
24. VA
93
;
100
*131
*63 :.A;.
25%
*13%
30 Va
20
29
•
133%
*24%
*91
30
A
»
"
*96%
6%
14
/Intertype^ Corpi.t—c.-a-No
il%
:.'■., 6%
93
300
^
•27%.:
7%
*91
A;rt
11%
21%
.■
.
11%
27%
*72
64%
97
11%
148
*143
80
133%
'
97
■
11
6%
10%
*9%
10%
*121
7%
25 %
25
25
•
;
22%
.22'A'
:
64%
*72%
:
*121
9%
80%
2,500
,
30
*29%
100
;A<
11%:
12 Va
98
12%
27%.
*96%
137
*133%;
.
*63%
64
63%
137
*133
138
11%
11%
*95
148
K
,27%
A
AA
29%
11
,'"A
•
A
13
*12..
>143
il %
28
101
80
80%
80
81%
81
*,134
;*72
10%
27%
'
A
.143'
*96%
27%
101
-
t
"
'
,
143
:
;
11%
IIVb
ii
28
'*96%
12%
29%
11%
11%
:; *95%
12%
29 VA"
,148
*143
.
ii%
98
*95 VA
v
13
29%
*l?</4
.
29 Va
*29
98 ""
*95 Va
98
,*12%
11%
Xll^B
12 VB
12
12 Va
12
12
28
Jan
Jan
;
'
1% Apr
24 >/« Apr
126% Jan
:.
Mar 15
136
40
! 102 %
Telep &.Teleg—No par
.
6%
Foreign ;share ctfs——i-No par
" . 6:%
Int'ei ^tatei Dep.t' Stores-Av-—No - pa-r.'
; 9.'A
;; Preferred
———100: ••!, >■ .90%
6
•
*
•IiiternatipdmKSilyer-.*—-r_—«——50
7 ft' preferred-i—100
A "4,900
,
.
"
"2
r
par
;interh'l
"
a;
Sait--->;*_-*;»No-;
Internatiohal :Shoej^._—_No par
>i ■
A-
7%
7 'A
6%
Jan
34% Jan
9
U
Jan 2.
, • 33-'» Jan
4
37% Jan 11
——
'
■
•.
Jan
Feb
4% Mar
..■
:;Iuter Rys jof Cent Am-—-_No par
,5ft;preferred_IO0
^ International
'
105%
*102'A
Int-Nickel pf Canada—--—No par jV 28%
-a*, prefevred i————100 - : 131 Va
International : Paper Co-i™--—15 '
8%
;, , 5 ft conv. preferred—T_-^—--_l.00 * : 45%
1,000
'
41 %
*41
40%
*102%
j:
7
7%
*40%
32%
;
41
,
105%
7% V
*52
41%
52
2,500
.
;,A 1,300
A A 720
'52%
52
41%
43
*42,
■"*32%
•
1-
'
28,500
,
•
'
44
.
!
32:%
32%
'53
52
.
.
24Q
-,
A
58 VB
4%
■:j Internat'l -Mining Corp—
"
'
51
*42
,
•
135%
11V4
57%
4%
,
H%
;
34%
.
."IIVB
•
11%
58
58
4%
33%
136
;■■■■ 135%
136
*134
4%
4%
34 :■■•■■;
4%
33%
;
'
4
'
.Volume'157
Saturday
Mar. 15
I per share
*32 Va
34*
*33%
.<
64
•
>6574
24%
66'/a
176
■
24Va
'38%
38
15%
16
18%
18%
*■
24
'24%,.
;
-
Va
24%'
38%
v
'49%
•
3874
44V#
24%
V .23%
24i%
22%
V
49%
49'
,
*150.
*■•
*.
;.'
44%
45 v4';
•
63% Jan
2.
71% Feb
l74V4.Feb
2
2214 Jan
/4
W.
pax
2~No par
—No par
l-No par
Link Belt Co
Lion Oil Refining Co__„—
Liquid Carbonic Corp-^-.-.,
Lockheed Aircraft Corp^n...
33,800
No
Jan
Loew's Inc
Lone Star Cemept
Long Bell Lumber
Loose-Wiles
5,200
LorilJard '(P)
Highest
share
20
$ per
Mar
there
33
Jan
Jan
73%
3
50 Va
Apr
741k Jan
18
36474
Apr
2574 Feb
27
167*
Apr
3574 Mar 19
2274
Jun
39V* Mar 16
177
Dec
2374 Nov
32% Feb
.
•
427* Jan
;
par
2574 May
9% Jan
1274
Oct
197# Mar
5
1114 May
16 V#
Dec
2474 Mar 13
6
377#
16% Mar 19
4
pat
Corp_*. —No
5,600
2
Apr
34% Jan 19
„
Mar
50%
7
1214 Jan
1574 Jan
,
,
1942
179% Feb
16% Jan
5,300
1,600
,
24 "
.
par
—4.,-. —No
1,100
4374
.
**^2 3'
f per
76V# Feb
„No
Lily Tulip Cup Corp__„—
1,000
50
4974
45:74
4
1..—100;
1,400
22%
6314 Jan
H.
2,400
*
33
,23
tPreferred
Year
Lowest
$ per share
4
Lima, Locomotive
9,900
,
'18V*
22%'
.
1774
18%
M 52%
153
1 18 V#'
71%
23 V4
*23 V#
8% /
,
1874' '
153
154/
,
1974
70Va
70 %
.
:
19»A
19%
'■
-
;
23 Vv;
154'
*19-
19%
874-
8%.
*23
1874
71
18%
50
45V*
•
2374
t
70%
;■
16%:
'16%
•
22%
X49Va-
9;....
,
2374
153
19%
8%
.
18%
""
x22Va
200
.
-
*
share
Jan
Series B—.—
,
410
>39% -4074
1874
2,000
.
3574
34Va''.
16%'-
•
•23
♦
39%
18
5074
176
34%,. *
■
39-V4
23%
'
25.
.33%.
,67
*24%
".
■
677
3Q
Liggett A Myers. Tobaoco^
2,300
,.
$ per
Life Savers Corp
100
•
65
•
Far
Shores
32%
176
'
16 V#
23
;
■h
Range Since January 1
Lowest
Highest
14% May
24%
Jan
•
37% Jan 11
5
7
,
50% Mar 17
45 Va Feb
37
Jan
31%
23
:
Nov
46% Dec
.
Jun
42% Jan
2% Mar
15
Mar
19% Nbv
1114 Apr
161# Nov
'
9.14
9. :
153
~
70
;■
;
176:74
*2474
.
45
44%
44'/4
.
176.-.
2274-
50
50%
49>>'M
.
;
18%
>>: 19%
19
71
,
.
22%
18%
''
V
152 Va
'
19
71
44%
9Vt:
,
22%
.18 Va
*•150
•
44%
:
'
i
'.
67
66V2
18%
,
EXCHANGE,
*64
"
39
18-
23%
!.
647'*
Range for Previous
NEW YORK STOCK
3274
,
1674-
16%
18%
23
>18%
3874
16Va
*18
:9%
23
39-%
161/#:
18%
■
*64'
.
34%
16 Vs
49%
9%
;
33
15%
*44%
•
J?
3474
,18%'
'
'
25
*2474
•
33%
'
33%'
%.177-74 177 Va
•
25
*2474
33%
38%
33%
177%
.
*32%
66
65-%
66-
'
*176
176
»
66.
,
64
64
'64%
Sales for
the Week
# p4r there
I per share
>
32%*
*3274
3274
:
64
.
33
•
24 Va
33%
64%
65%
<
i'
178
63 Va
•
'•
65%
♦176
1
*32%
34
Mar. 18
S per share.
t per share
share
per
.
Friday
Mar.J9
Thursday
Mar. 17
Mar. 10
1055
STOCKS.
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
Monday ■
,
Mar. 1®
'64
THE. COMMERCIAL £ FINANCIAL CHRONICLE
Number ;4161
^
*
-..7074
>
2374
2374
'
1.18%,
153
'
;
187/#
70%
r
—No par.
25
Biscuit-:
,170
1,000
Louisville & Nashville^..—, ^—10O
9% Mar 13
'•
13
1514 Jan
s
100
-'.Tft preferred—
Louis,ville. Gas
El. A__— ~±No par
71,500
4
.
18 V# Jan
»>. i-—.10
Co;
7
19 V4
70%
6.14 Feb
—
J
153
-
19'/*
7074
1974;
•
8%
2
23% Mar
'
19% Feb
148% Jan .12
/ 13.7*'Jan
154
6.
.
Feb
23
128
.1974 Mar 15.
587* Jan 4.8
717* Mar
20%
v
8
11
2474 Feb
Mar
1174 Apr
4
7 V#
55 Va
Dec
153
Dec
18 V* Jan
76% Jan
.
Sep
M
•'">
*23 Va
*132
'•'
:
33'4
'"24Va
'
''12%.
>
24%
33%
;
V. *12
2414.'
•
"4%
;~4%
8%
8%
8%
16%
16%
» i6i4
320
v
.
*1%
2
>y
,
'24%
.
:■
:
:■
"
2
•
^
•
•
;
12%
23%:
32Q'.':;-,y *250
'474
•4%
9
320""
1,300
10
32Q
•'434s'"'''"5 :
.'
1"
■-
Manati Sugar
'15,200
8
.2
33% Mar
1
2674 Dec
2*
24%rMaf
5
17 Va
11
15 V# Apr
;
122
/
Co I110,
——No par
Madison Sq Gardens
.i__A'o par
Magma, Coppers————_10
''Mahoning' Coal Cov-_-~.——
200
-
'
Jan
i Jan
28
par
Macy (R H)
2,100
*250
4% •: '474-
••/'•
'
—10
100^
—
Mack Trucks lnc—^—^—^No
3t200
<
12
;
'••: .*1174 • 12%.'
2274 H:' A" »23<%",'24 A •
•
J.
Forbes,
preferred-.-.^,
6%
,
*117*
;
MacAndr^ws, &
200
.
■
.
23%.
*259
4%
874
'
17
1674
'
22%'- '/-♦•22V4' -'23%; ;•
140
> >132 • ' 140 '
(
327# v3274>;:' -'V' 3274' .'•""33.% A
24-;
24%,'' > /23Va>24'A: ;
19% Jan
'
10
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-
par
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—
Maracaibo Oil Exploration.-——1
900
2 7k
91i Mar 18
"
May
May
4% Jan
*6%
Dec
163/# Jan
74 Mar
11
Jan
13% Jan
277* Jan
11% May
Marl6
Feb
21%
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:
Jan
357k Jan
Apr
5
-
Mar 19
•
131
:
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19
6
Mar 15
17
1% Jan 27
—•—1———No
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600
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/
2374 Jan
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see
72
X75
...
76
4%
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8
774
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314:
V
1
108
Feb
"A 17% Mar
211# Jan,
274 Jan;
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.
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19
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,
38 74 Mar 16
Mar
3
19 V# Mar
1
37
/15
Mar 16
2874 Feb 18
7
5-;
20 7# Mar
63
Jan
7
68 V*
113'
Jan
25
50
65% Mar 19
t
1374
20 V#
20%
*10074
32
1050
597k
4
Feb
15
115 % Feb
?7
;
;
.
47*
-No.pay
1% Feb
5
5.
67# Jan
23% Jan
2
.9
Mar 19
IV*
39
Mar 16
15% Jan'
4
18% Mar 15
27
1% Feb
11
Oct
Oct
91,
Jan
117%
Feb
,
120,
Oct
11074
Jan
.34%
Dec
481k Mar
297# Mar
11
.
Oct
12%. Nov
251# Jan
3 V*
63
.17
6974
113(
167k May
13 7k May
Feb
44
Oct
47#
37# Jan
2
;
Oct
Mar
18
Jun
2
12
Oct
Dec
1474 Nov
,,
Jan
30%
87# Mar 12
57a Jan
:
67
Jan
11%: Jan
49
May
10874 Sep
34Va Jan
V
Dec
37a
207k Aug
2
Sep
.
534 Mar 19
2
Jan
Jan,
Oct
108 V# Nov
674 Jan
9% Apr
12% Mar 13
•
Dec
231k
vk Jan
1:% Jan
12 Va Feb
66
May
110: May
112,
May
102 Va Apr
23 % Apr
28% Dec
1274 Dec
U»Va Feb
;
77k Jan
19%
HI
,83/4 Apr
;
Jan
108
8
/ 90.74 Feb 10
119
Mar 19
:
30%
1% May
57 Va Jun
4
Mar
Oct
33% Oct
Jan
,4
15
Liquidating Co-—
Gorp—
5 74 Jan
6%
National
1
'■
conv
National
:
100
=
A
8 V# Jan
162
Jan
Feb
Dec
Jan
Dec
6Va. Nov
39%
1174 Mar
Feb
514
13
Feb
13
Oct
Nov
Oct
57*
Nov
8%
.
67# May
6
140
8
Jan
7
19%
Jan
27
20
3% July
29%
Apr
57#
Feb
170
Jan
Dec
3
9
1974 Mar >6
Jam
17
774 Mar
I
9% Mar 12
157* Jan
-10
Biscuit Co
7 %
18% Jan-
Dec
914
Oct
May
16Vk
Oct
'
May
166%
Jan
12 V#
Mar 18
Apr
1674
Dec
37*
Jan
:
Nat Enam* &
National
150
$4.50
Btamping_Y—
Gypsum CO—
conv
-No par
i
—1
14s/# Jan
5% Nov
i
National
Cast
;
10
e.
■
160
.137
Jan;
6'
.4',;.
:
< /
18,800
•
;'7;
T14
A'
•
,
111
*10674
*3374
34%
'
14'/#
102
32
•
•
14%
12%
13.
20
.
20 V#
*100
102 "
32"
13%
32%
;1474
•
(
:
5,000
Feb
.
Feb
72
'-A
v
430
75
•
:
'.7>4.
12'14'
:
•
.
f
5 Va % prior
240>
■
4%
"7% f-
•
•
.42 ;
13
20 V*
65fe
13
145
13;
..
42 %
.
129
Natomas Co-
i
Nchi Corp
:
1
i
Neisner 'Bros Inc—
■
I
600
'
•
.
3274 '.
13%' ,1314
20%
:
20 %
:
:
;
13 74
■>'
*100% 102
/
327#
13%
-■
,
'
>
;
?00
32%
;i4
i,800
6,100
4,300
.
/
;
.36
,' 4% Mar 15
29% Apr
1 % Apr
:
6014 Mar .4
4374 May
54
,
:
55,700
Newberry Co (J J>
5% preferred series A
Newmont Mining Corp
Newport Industries—
-
nnriv
r»r*fpr^atjt
Nonpar
100
21s# Mar 11-
9% Jun
5A
72,
;
x76
Mar 15:
Mar 17-
Jan
2
2
6
5
87# Feb
Jan
t.
97# Jan
16
.
Jan
747# Jan'
Jan
■
1%H Mar
.
26
New York Central
103/# Jan
•3.7'#". Jan
6Va
Oct
Jan
167# Feb
.63
Feb
70
Feb
2% Mar
4% Oct
97k
Feb
574 Mar
,
4
91k
Dec
Oct
18% Feb
86 V* Mar 15
707k May
751k
427# Mar 19'
28
39% : Dec
11
5
1127a Jan
:9
30'
1
•T#n.
Jan
Nov
4:
20% Mar 13
27% Jan
Jan
1774 Mar
4
35% Mar 15
—-No • par
4574 May.
51.
May
.
12% Mar 12
177'# Jan
ATo'1?*1»
May
Mar
7'
26% Jan- 2
10% Jan 12
_i_10
.
4% Mar 12
1
-
N'porfc News Ship 6 Dr Dock
*5
•
I
;
474%. bonv serial preferred—-106
4
New, York Air Brake——No par
900
1
A
146/
4
Jan
274 Jan
i,————Ncx par
I-—-——No par
168
Mar
4
62
.—No par
•
May
-
,1374 Dec
1074 Mar 10-
Jan:
12
Dec
16 V*' Jan
25
2
57"
preferred—^-——106
—100
50
t
347#
13,-,
A
5
Jan
14% Jan
.
prior preferred-—-
100
17.% 1
86
.
34%
•
*100%. 102,"r
■
5,000 /
r
34'/* •/,.
Jam
Sep
Nov
534 Jan
—
3,800
v
/
■; ■*10674 11074
110,Va/
19%
(The) Pal—-i-10
-_40
National Tea Co
7.400
12% t '
,
;
*84
.
•52
Nov
61#
11%-Apr
36
2
2% Jan
Lt———No;par
Steel Corp-_'___j——i._25
$2 conv preferred-
.
"
■■'.407/#.
1274
32
National Supply
20 V#
4%
*17
...
r;
84"'
National
6,600 i
"
.
■
National Power/fit
i
1,600
•'
9%
374. Apr
60
143
Nov
26'
24
170
Dec
77k
.
18
24
xl8% Feb
Dec
Apr
Feb
-
974
1574 Aug
14 V* Mar
16% Feb
5.
3114 Feb
177#
5
27
,84
Jan.13
'
8% May
8
:
Feb
4
2
147# Jan.13
-4
Va Feb
4% Jan
21% Mar 19
8
Jan
Apr
3
Feb
28
12
Jan
70% Jan/
14'
t.
15
17% Jan
:Co/-»_N0i pas
Oil Products COi.>
9% Mar
20
Sep
127*
Marie
18
:
9 V* Mar 16
X25V* Jarul4
preferred—--. _No. par
1%. preferredi A_—_——-_10O
6% preferred.
-100
2
Jan
6%
1174.Mar 19:
614 Jan 13-
National Lead Co-^————16
Nat /Mali & St'l
4
11
Mar 16"
25
,
Is Jan
9
Nat Distillers Prod—— -Not par
200
'
1274
20%
'
Oct
29
23,.
874 Feb
9 74
75,
4% '
■
7%
-/.72 ;
.;'
.75: V*/-
41%- •12.V4-; /
*17,
17%
1274
*84
>
Jan
6
'
20;;
71%.
4%
18.
33 V#
Feb
Dec
3% Mar
53
•
,
*40Q
^
8
Mar
1Q7# Mar
5
Janf
9% Jan., 7
•;;; 11V# Jan, 12
—No par
preferred--
8
13
77
72.
103%.-Jan
:
88 Va Mar 12
13
7% May
X1077# May
.4
614 Mar 12
.
Jan
Jan
32
35%
1
113% Feb
;
7
31 Va Jan
/'
.-A—A10
preferredAviation Corp-— —Ai—5
1,300
58 % (
:
-9%
.
20 A
717#
407#
page
Mar
■
Dec
108
5
Apr
12 Va Mar
16 V# May
88 Va Apr
8
117% Mar 19
6314 Mar 8
2:.
t;
Nat Automotive Fibres Inc. .——I
310
')
33.
58 f
•
9 V2.
-
1974
20s/#
8674.
1474
19
Jan,
—1
280
•
•
.374 >; A
:
V*.
*40%
100
(G C)—
Nash Chatt & St.
8,900
*17%' '17 74 t'
33:/!•.-■-
374'
5a
58
974
x.72
1374
.
25
Mar/ 4
3
No, pan
No.par
6,300 A
.
":"':.47.14' '-l77*'r;''Y
*83.
35.V#
12%
Feb
112
;
317# Mar 11: /
,23 V* Mar 12
Dec
7%
22 Va ;Jun
21
Apr
24
Dec
,1
A 8V# Mar
.
15%
Dec
4%
6
,
Apr
Dec
■
110,
30 Va Jun
24
; Mar
•
55
4
,3274 Mar
8
107»
j
& Co-AA*..-——No/pan
2.000
••
169 A 169
.167%. 167-V4 > A
*140,.r- •i42*,.'>M;i >140 > •' 142
1774''
*1774
.111
20%
.
33 V»
14%
*
Feb
—_—*_10
4,800 i
'
18-
'3474
....
1374
20Va
10014
,
t
34
4
58
,
—
93/4,
277# (-.
21/ '2174...
,774
7%
; 83
*81
: v.
16
42
*40%
10614Jan
Mar
7% Feb
4
Nov
64% Oct
-
13
National " Acme: Co>.—u—
3,400
27%'
.
.15V#.
'
86 Vi
-
v
26
Feb
76
187'# Jan / 8
2074 Jan
7
-
■
A *914'
■
20% -:
15%
86'A
*17'/4
40%
Jan
574 Jan
■
100
preferred———
200 > Nat Bond & Share Corp— ;-No -par
;
10
National Can Corp>21,100
—No par
5,700 '/ Nat Cash Reglster^__i—
A 8,700
National Cylinder Gas Co— .—i-1,
Nat Dairy Products———; __No par
15,400 /
800 t
-No: par
National Dept Stores-.
1,900
G'i'o preferred——— —10
17%:="
'
*82%
/
26
,
.3074 Jan 13
_
;
Dec
9 Va
39
X574 Nov
89
A2
May
5 V#. Jun
3
9;
,
4
25; Jan
277# Jan -29
100
■■■'■.
■
1174 t
*8 V*
'V
27% '
r>8lA./;
142-.;/.;
•
2474
.
177*
;
9%
•
774 :
-•
■
168 Va
16774
31%
58 Va,'
75
%.:
8
12 Va
41# Jan
f
EssexA**-A—1---t-50
Nash-K61vinator
t
7,300
.
A V
10%
•
"8%
:
'
'
Feb
101
1
24%
'
974 Jan
;
94
Jan .15
2%
Wheel
474%
900
t
8 V#
2474
K
*"17 '/»
27 V4
16%
•f 1774
71%
.'75
4%
414
60
.10814 Jan
Apr
6% Jan
A9% Mar
:
i 4
Jan
5
6774 Jan, 9
1,400
■
'
•
Jan
4,200
.
'
x20Va
83
*140
;/
31%
■
.5874
974
2074
26
Oct
14
277k Oct
"
•58%;:
9%
.
Dec
May
Mat
107
Feb .24
Louis-
1,720
1814 V
'
9%
.9%
17% Feb
8V»Mar
v
Murray Corp of America,——*,_10
Myers (F E) &
No par
32,700
>
/'A
•171
*19-x:'
8
9%
,
2774-
16%
1774,'
31%.
1
,
Nov
12%
N
V
'
11
■
>169,%
(J)
Murphy CO
90
9744
y
187*
•
1074
8%
2074
82
•
*17%
<
22
101
14
:
8
13
-k
$7 preferred-A—-—
Munsingwear Ihc——
*
"V
Jan
37# Nov
99%, Aug
.
410% Mar 10
Mullins Mfg Co class B—i——1
400
18% '
>•: 6%
'
*81%
,46 V* Mar
15
.101;
*; 6
Cwp——t_—5
Mueller; Brass Co
7,100
.
9
37
18 V#
A>;
2474 ' >
24%
10%
2074
774
,774-'.
Corp—-.
f/fO
1%
*1
"•26 :> v.;
•.
Jan
46 l/a
:
Mar
;
10
v
2
6% Jan
par
9
'
24% Mar 15
11% Mar 13
:
7,
131# Jan
Motor
400
•
•
/
.
19
*19%
,
(
f
77#
,
174
1974
'
7%
13
Jan ,11
-14% Jan 27,
Motor Products. Corp.A—No, par.
700
9,300
180
42%
..1014 -A' '
1814
176
Apr
'
■'>
27
.*2074
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20%
•
a
6474 Jan.
Morris &
1,200
7%
9,v*
1169%
•
170%.
i
42%
:
;,7
;
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/
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\
8 l
15
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—No par
pfd series Bv—a——106
conv
Morrell
,
3,700
6474
874 Y'. /-: 87*
:
:
35%.
'
10%
'
.
3814 Jan
,
-2,600
i.•1.9%. ': 1914 ;
A'
18%
7'..-
♦16974
2474
v
19 % Jan
;
No par
4 % % preferred series; C—10.0
'3,040
15
64114
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;
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.
,
,
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42
874
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171
1074
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107 V2 Mar
Jan
;
No. par '■■ij.i. 74Jan. 2
preferred, series /4A.---A—1©6 j." 3% Jan. 4;
IT 14 Jan 12
Mohawk Carpet. Mills,:
,*.i.——26
Monsanto Chemical Co—
10
7 84
Mar, 19
$4.50 preferred—No /par
/115
Jan. 2
118
Jan 20
: Preferred series B_>.
—No part
$4 preferred series 'C—v— No .par
/108% Jan
2
3314 Jan 14
Montg, Waid & Co Inc—j-A'o par
40
■
16%-. 4674
•
I V*
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24%
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7
104
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600
r
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1914
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9%
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86 ;
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114
7;
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-
-
•
64
■
Nov
297k Jan
13% Sep
76
Jun
9
Dec
25 V#
-
Apr
IV* Jan
15% Mar 17
Minn Moline Pqwer Impl—-—A—L
$6.30 preferred—_——^-_No ,pat
17,100
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•• "
1674
12 V*
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.65
•
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37.-•
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'
64 ;
1974
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_
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3474
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2674 Mar 16
Jan
11% Jan
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com
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Y
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i
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65
.
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162
Mar 18
1274 Jan ,16
Minn-Honeywell' Regu,
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:
113
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.
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8 fe cum 1st pi-eferred,-T—>lQOi
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4
-
4
4% Mar
168
21% Feb
Miami- Copper-1—5
Mid-Continent Petroleum—16
;
87/a v
23-
48; Mar
Jan
6 V#
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19% July
27 V* Mar 12
Jan
Jan
26%
19
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115
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114
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514
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V
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.
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1674;
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63
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15
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100
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38
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87.
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4,400
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117%; 117%
63 1.
Y
6.
24% Feb
11
12%
Apr
1714 May
3 V# Sep
.22 74 May
Marl!
2% Jan
Merch: & Mln T.rans CO—No par
Mesta Machine :Co&—*,aw——5
*
6274'
'574
'
.
.;
i
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8%
4
37.
:
Mengel Co
70
:
22%A 23 A
- -
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8
6Va Mar
:
165J.
$550 pfd ser
'2,500
29% A
7%;/:-.774
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117
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.
9%
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•
6374
-
574
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88 Va
17
.
*116%
HTVa
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.
preferred
Melville-Shoe Corp^.
*
> .30%, A30% \
7.74 :••••
2274"-'. ?'
23%'' •
•
1.
Jan
.474. Jan
'
2174'Mar 13
5
217* Jan
$6 preferred series A—-*—No par;
Bt w w ,—_,__No par
1
180
1,200
"
*-28 ,ky
Mead
2,900
.
■. •
2274'
7
r
22!* Jan
preferred-.——,106
McLellau Storey Co—
4
f
6% conv preferred----———1Q0
1,900
-88%, v 88V4
%'
31 -AA;
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32
—t.
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260
.
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2274
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774
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.
22%-
22%
s:
30%
i
Mclntyre Porcupine; Mines-——--®;
McKesson & Robbins Inc„i—'-16
4,100
r
;
.(
29%..'
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t T.%
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v
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>
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3074 V
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31 %
par
McGraw-Hill PviJa Qo_—,
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1,400
2974
2874
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30 74
3% Jan
"
7*467%,' 1087a
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.
187* Jan
j
1,900
A
•
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.
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V ;.;"29% ,' 29 V* 4
67# v:;,7y;-V /'Vr/A674e>;;.:7A/V
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32 ' ; 32-74' •'
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6% ;
;
Corp—
lr
McCrory Stores Corp-2—-A—,1'
."'■5% conv preferred.^—j-—,-100*
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,,j 1,100
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17.A," v 17 V*;
; 11074
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17
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McCalk Stores
900
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4514- »'•
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5
.
par
Co
274 Jun
5% Mar 15
-
—-.No
Cprp.
$6 1st cum
lA'/v:,;
2
Jan
914 Jan
Alkali Wks.j—i-No par:
preferred--*,—106
7%
.
1,900
•'
9
(
May department Stores-a .——16
Maytag Co_——_—
No par
$3 preferred————No pat
1,200
■
'27'
*10014
;
15%
1374
1574
-474
preferred—106;
Mathieson
3,700
:
:,*4I/4
•
pr
Corp,,
MastervElec
700
;;!:-:'V:44A;
474
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;
Masonite
t
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: ?.:.
Martin-Parry
4,000
t
■
•
4,700
-
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26
:•
.
Marshall Field & Co— —No par
Martin: (Glenn L), Co*,—2—
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13 V#
2074
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%
37# Jan
I,560
4,100
A
i-
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55,100
1374 "'i
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7
2
12
14 V* Feb
27
II
Jan
,
104
Apr
Mar
227k Apr
7% Apr.
17
110%
Dec
Sep
Dec
30%
Feb
117#
Jan
25%
Jan
15% Dec
18
93% Dec
1091k
Jan
33% Mar 12
23% May
32%
Feb
12%
Oct
100% Feb
6%
Jun
CHRONICLE
THE COMMERCIAL & FINANCIAL
1056
Monday
Mar. 15
Mar. 1G
thara
I per
thara
14
14%
13%
40%
40
40 %
19
9
9
21%
9Va
21%
21
21%
82
19'/a
9
187/s
18%
82
82
per
14
14%
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I
8%
21
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19
800
8%
900
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21%
500
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40
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102
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102
102
39%
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40
.
18%
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21%
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82
39%
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102
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%
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%
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25
25%
25'/a
25%
29
29
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174
175
115%
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116%
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53%
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2
53%
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13
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100
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100
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13%
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53%
54
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12
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113
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17
38
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;.v 12%
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38
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387/a
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37
37
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v.:
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15%
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88%
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—
31
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53
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53
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10
10
27
26%
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1
39
39
23%
-
38%
•
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99%
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:
153%
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:
3%
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153%
American Aviation
;
i
8%
8%
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!■:
ft"
41%
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22 Va
22%
22'A
154 %
154
154
154
152%
155 Va
%
——5
'
1st
ft
:-10
Pacific Amer Fisheries Inc
Pacific
ft
Co———
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10
10
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11%
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11
1
200
Pacific
26
26%
26%
26%
26%
26%
1
5,300
Pacific
Gas
38%
39
39
38%
38%
ft
1,100
Pacific
Ltg
23
23%
4,700
Pacific
Mills
-
9
23
97
97%
97
153'A
ft 153%
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12%
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37/a
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28%
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30,000
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9%
4
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•
110%
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42
6%
41
41
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110
ftft
9%
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110
2%
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:
1,300
►-» 0
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No par
Corp
No
■V
101
22%
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155%
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160
153
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157
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155
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101
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101
101
400
Paraffine
155
154
154
8
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■
157%
22
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1st
1st
2,300
.
4 %
conv
Paramount
500
Park
—
2"
2
2
•:
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52,000
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155
.
22%
22
22%
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28%
17%
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28%
29
29%
29'A
28%
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ft. 28%
29%
17
17
16%
17
17%
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4
3%
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25%
25%
25%
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59
58
58%
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60
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84
84
3
83
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4
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17%
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17%
29%
19 %
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-
30
19%
29%
29%
19%
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51%
52
52
51%
4
4
3%
39%
40%
40
3%
30
ft:
29%
19%
19%
19%
*51%
52 Va
51%
51%
3%
*3'/a
41%
42
4
3%
4
Pictures
1
Inc
19431943—100
pfd called May 10,
3%
39%
39%
ft' ft
17%
*15%
17%
1
♦107%
28%
29%
—
.1
Tilford Inc
«fe
19%
*19
51%
51%
*50%
51%
*3%
ft
___
22,600
19%
3%
3%
3 Va
*19
200
ft ft
ftft
42 % ft
39%
42% '<43%
42%
43
8 Va
8%
*8%
9
42
40%
40%
*40 %
40%
27%
26%
27'/a
*26 Va
27%
*24
24%
24'/8
24'/a
7%
1,400
-
ft
7%
43%
'i
900
58,300
1
42%
41%
42'/a
41%
26%
28%
25
*23%
8%
28%
26%
24%
*23%
24%
9
42%
28%
V
10%
9'A
24
9%
*7%
9%
ft
*24
,24%
/ 7%
8
8
8
8
8
7%
6%
6%
6%
6%
6%
6%
6
26'A
26%
26%
26%
26%
26%
25%
26%
44'A
44%
44%
44%
44%
44%
44
82
82%
*81%
82
81%
*7%
82%
*82
19%
19%
19
19%
19
19
77
77
76%
77%
75%
76
'106%
108
107%
107 %
107
109'A
112
111%
112
111%
*11
*10'A
11%
*94
95
47%
4%
102%
*102%
43%
43
42%
•11%
11
155 ft
ft:" ii%
11%
185
176
5%
5%
8'A
6%
11%
ft.
11%
ft:
11
92
47
4%
77%
ft'
*10%
11
92
30
48
*4%
78
*77%
23
22%
;
*102%
4%
83
23%
109
4%
4%
4%
♦41%
42%
*41%
42%
42%
6%
6%
65 Va
11%
*11
11%
*11
11%
175
*155 ft 175
♦155
175
*155
175
*176%
182
*176
*176
182%
*176
■
5%
5%.
8
8
*71
73
■
73
15%
16%
182%
5%
5%
5%
5%
5%
6
7%
'
7%
*7%
7%
77/a
73
36
35%
70%
71%
14
14%
3%
~3%
*34'/a
72
75
35%
35%
*70
14%
72
15
*155
*155
~3%
■
"3%
3
3
"3%
36
35
35%
35%
33%
34%
34%
25%
25%
25
25
25
25
23%
23%
*23'A
18
18
18
18
17%
17% V
17%
17%
18
18
20
20
20 %
21
21
21%
8%
7%
20%
19%
20%
10
10%
10
10%
10'A
10 Va
*10
33%
33 V2
54%
54%
9%
10%
10
*32%
34
32%
55
54%
*118%
120
15%
83
►118%
15%
83%
15%
83%
54%
-
15%
84%
119
119
119
119:
120:
120
117
121
117%
117Va
117%
118
footnotes
see
page
1059
32%
32%
54%
90%
For
197/a
32%
120
107%
33%
19%
9%
97%
33%
19%
.9%'
107%
'ft.
19%
9%
96%
33
7%
9%
107%
33%
7%
10
97%
33%
7%
10
107%
35
24%
7%
21%
107
;
♦20
8
97%-
107%
'*•
33%
54%
120
*118%
15%
14%
85
83%
96%
97%
107%
107%
9%
*9%
*31%
;35y4
*69
-:14%
*155
36
7%
;:75
9%
10
33
3%
75
36
A72Vz
3%
34%
24%
22
7%
ft ft. •
ft:
3,500
20
9V2
*9JA
*31 ?/2
ftft '
1,800
240
;
1
___
680
r
22
20%.
32%
•.
55
54'/2
55
;
120
♦117%
14%
15
14%
84%
96%
84%
97
107
107%
84
95%
107
147/a
-
'
84%
:
A
96y4
:
:120%
120%
'
118%
118'A
118y4
i
33%
Pub Serv Corp of N J
11$5
500-..
t6%
t7?#
110
"
:
630
14,900
.
8%
ft
Jan
Jan
8%
100
Apr
8
Apr
38
Jan
Sep
17 Va
Apr
1-
4
Nov
110%
31%
15
20
Dec
Mar
3% Dec
ft.
Feb
34
Oct
10 V*
7% Sep
.
preferred
j—
preferred—ft—
preferred—
preferred
ft
Pub Ser: El St Gas pfd $5.
Pullman Inc.———
100
—No par
No
pat
—+100
100
xl00
No par
No far
3
8
18% Feb
2
Mar
151
Jan
50
Mar 19
Feb
4
2
:l%Jan
8
29
20
Jan 30
Jan 28
14% Jan
2
Jan
18
Jan
7
18
-
4:
17'A Jan
6% Jan,
.
5
6
6% Jan 14
24% Jan
4
48y2Jan
4
119 ' Jan 12
ft 11% Jan
6
ft 75y2 Jan 20
85% Jan. 2
©6% Jan
4
109% Jan
4
-ft 116y8 Febt 4
26% Jan
2
132
Dec
6%
Jan
ft 79
..t
Jan
4%
Jun
ft 17%
Dec
Mar
xl67/e
17
ft
12
143%
Apr
42
Sep
27% Dec
,
Mar 19
29
Mar 11
19
Jun
Mar 19
48
Apr
■43y4
Mar 15
10
ft
57%
Dec
6% Mar
Mar
8%
Jan
Apr
6%
Oct
Apr
25%
Oct
9%
Apr
16
7
Jan
21Nov
15%
Apr
24 %
Nov
Nov
4%
;
ft 16
16% Jan
20
27
Feb
26
39% Feb
15
22%
24% Mar 19
•13%
Oct
Apr
Jan
34
100
Mar
5
74
Apr
101
Jan
154
Mar 18
121
Apr
148%
Nov
ft 4%
Mar
8
19
1% Mar
.
Oct
4
Nov
13% Mar 12
5%
Jan
4% Mar 13
1%
Jan
3
Oct
29% Mar 19
11%
Apr
27
Dec
9% Mar 17
6%
Dec
8%
Jan
101
Sep
106%
Dec
1
Jan
111
Feb
2% Mar
42
102
24
4
Mar 15
20%
Jan
90
28
9
ft
•'
2%
Oct
Oct
Apr
38
Dec
Mar
101
Nov
11%
22% Mar 16
o
Apr
17%
Oct
155% Mar 12
157% Mar 18
18% Mar
1
14%
Oct
2% Mar
4
1%
Jan
ft .2%
29% Mar
8
19 Va
Apr
29%
ft' 4
Mar 15
26% Mar
60% Mar
n5« Mar
6
Jan
Dec
17% Mar
ft
1%
Nov
13%
Jan
29%
Oct
44
27
4% Jan
'Jan.
Apr
60
Dec
56 y2 May
4
Feb
82
Dec
15
85
ft 17
13 Va Aug
17% Mar 16
1%
3% Mar 9
42'/a Mar 10
Apr
4
Sep
1 Va
.
Jan
2
Jan
Jun
44
Jan
15
Aug
32
27
11
May
Feb
3
104
May
108%
Feb
Mar
4
Jan
25%
Nov
19% Mar 17
16% July
23%
Jan
36 ft;Apr
ft 47%
Dec
17% Feb
109
30
52
Mar
Mar
18%
1
4
3
%
•
Jan
ft. 2%
15% Mar
43% Mar 17
4
10% Mar 13
Oct
Dec
30
Jun
7%
Jan
18
36
Apr
51%
Feb
28% Mar 12
18
May
29%
Jan
44% Jan
19%
Jan
4
Jun
27%
8% Feb
26
4
Apr
6 Va
Dec
4
5
Mar
6
Jan
6
22
Dec
32%
28%
Apr
40 Va
49
Jan
8
Feb
8
Jan
6
Jan 25
4
Jan
2% Apr
11% Mar
60% Mar 12
80
Jan 14
59
1,3
30 %
Jan
'
102
Feb
4
Jan
9
Jan 21
Jan
4
4% Jan 13
597/a Jan
5
24' Jan. 13
4
12% Deo
;.<■
Jan
2%
30% Jan 29
18
4
Jan
Apr
17
6% Mar 13
2
2
7
7
5
12
12
11
6
6
4
6
3
2
9
9
4
6
6
18
6%
8
7% Mar
90
7% Jan
No par
1
5
50
_—No par
180
120%
32%
1,050
.
*120
33%
-
Jan
16'/a Mar 17
2
2 ft
2
27% Mar
66 » Jan
1
100
Procter it Gamble5% pfd (ser of Feb 1 '29)
23,300
107 y2
*118%
33%
300
1,500
-
96
4%
Jan
14
Apr
'ft:
2
39% Mar
6 ;
150'/2Jan
Pressed Steel Car Co Inc
5% conv 1st preferred
5f# conv 2d preferred
120
Feb
Apr
Dec
11% Mar 16
13
9 Va
170
175
ft 4
Postal Teleg Inc preferred
400
*54%
39
Apr
9'A
43/4 Mar 17
8
4
2
14
20
9
7
17
5
20
16
59
:
5
No par
—No par
-Plymouth Oil Co___
Pond Creek Pocahontas
<Poor & Co class B-
.
7,700
:
9%
v
Feb
6% Mar
102
3%
34%
5
100
8,300.
9% :.ft*
40
70. ' Jan
18% Jan
.100
100
preferred-
1,300
1,800
.
-
7% Feb
79% Jan
44
Jan
3y2Jan
No par
4,400
■
I,:
*117%
B
Feb
:•
85 y2
26
18% Mar 19
'
Jan 27
*106% Mar
109% Jan
+100
-No par.
preferred
Class
140
,
;
39
25
25
Pittston Co. (The)
;Class .A preferred-—-
ft 2,200
A"
: 6%
Mar
Mar
68'% Jan
13% Jan
71
Feb
Pittsburgh & West Va„
100
Pitts Young k Ash;Ry 7%'pfd—100
6,200
'
120%-
33%
1,100
'
.
118%
.
70
v
*118%
■
8,400
ftft:'
113
ft
37
1
Pitts Ft Way & Chic Ry Co—-—100
7y# preferred—
^100
Pitts Screw & Bolt———^-No par.
Pittsburgh Steel Co
No par
71* preferred class B
100
f
preferred class A—
:100
'
5%% 1st ser conv pr pfd
100
30
;
.
Mar 16
13% Mar 13
ft
100
—
Flour Mills—
$5 conv preferred
—
ft
par
Pittsburgh Forgings Co—
700
?
Mar 16
39
23% Jan
5
Pitts Coke &f Iron Corp
20
f
*119%
33
v
1,700
,
12
6% Mar
20
Jan
23
Feb 20
6% Jan
4
5 Vb Jan 12
No par
No
Co—
Pitts C C & St Louis Ry Co
Pittsburgh Coal of Pa
1,400
18
7%
Pillsbury
f-ft; ft,ft
36
24y2
*17'/2
Preferred
60
14%
-1
.
500
8ft
♦71
36%
*155
-
A.
182y2
15%
83%
A--11%
*155
70%
82%
43
6%
8%
*19%
100
47/a
65 y2
*11
5,100
;
22% r A
6%
14%
97%
83
109
175
*155
15%
22%
65%
15'A
120
*77y2
*102%
6%
68%
14%
•
*65%
15
118%
■
4%
65%
68%
19%
477/a
*4'/a
ft 6%
35%
19 Va
47%
Feb
54
9
9
19
-
.
500
*88
*65
68 %
•
,
11%
4%
6%
540
310
,
47%
47%
109
4%
44%
5%
3%
3,800
.
,t
66
36%
8Va
V.
Brewing
Jan
,
Phelphs-Dodge Corp
25
tPhiladelphia Co 6% preferred—50
$6 preferred
..—No par
Philco Corp
-—L
3
Philip Morris & Co Ltd
10
Preferred 4'A% series
100
4%%
series
100
Phillips Jones Corp
.
No par
7% preferred-—
100
Phillips Petroleum—
—No par
Pnoenix Hosiery
5
3,000
.
91%
4
78
5%
5%
*70
20
75
' ft
91%
92
*3%.
Pfeiffer
*10%
11%
♦87
48
69
■
74%
111
35%
8
.V
18%
107%
69
*19%
18%
107'A
36%
3%
75
Petroleum Corp of America
40
111
71
3%
74
Pet Milk Co
590
111%
71
'.
18%
Jan
97
4
2
-.100
preferred
300
44'/2
107%
36
155
18%
5 ft
800 A1
8iy2
107%
7%
■A.
8%
44
*80%
•
11,100
176
*155,;
175
175%
43
44
82
2.50
700
26%
*110%
4%
*65
25%
107%
22%
6%
26%
3,700
-
Aft
6
111%
*102%
65 %
2,040
107%
23
r44
1,200
ft
111%
109
6%
66
:
ft
111%
*22%
65 %
6%
6%
*65
77%
44
*80%
;
28%
107
*102%
22%
26
42%
*5%
75
*74%
109
5
4%
4%
*4%
ft
:
:
41%
6
18%
18%
>
5
22%
23%
109
47%
4%
78
78
79
*22
48
4%
11%
*87
92
47
47%
*4%
*78
11%
92
'
6%
9y2
27%
7%
*5%
44%
82
ft 8%
No par
Davis & Co
.
1,500
ft
53
6 ft
2
5
l%Jan
ft 27% Jan
ft 16
Jan
1% Jan
23
Jan
57% Jan
80
Jan
3% Jan
- 1% Jan
33% Jan
13% Jan
109
Feb
23% Jan
17% Feb
ft. 46% Jan.
1% Feb
ft ft 28'/a Jan
5'A Jan
34yaFeb
No par
10
Penn-Dlxle Cement
-No par
$7 conv pref ser A
No par
Penn G1 Sand Corp
—No par
5% preferred
100
Pennsylvania RR
*
50
Peoples Drug Stores Inc.—
5
Peoples GL&CC (Chlc).^
100
IPeoria & Eastern Ry Co100
Pepsi-Cola Co—
I
Pere Marquette Ry Co
+100
5% prior preferred
100
—
29
28%
Jan
.17% Jan 22
,.
1
(J C) Co—
Penn Coal & Coke Corp
2,700.
.
52%
5
139
138
,
Penney
24,900
3% ftft
3%
54
5
13
2
Penick &
600
1,200
39%
*107%
3%
4
83%
83
3%
-
Nov
35'A Jan 12
100
Jan 22
15% Jan 12
par
Parmelee Transportation
No par
Patino Mines & Enterprises——10
Ford
No par
3,800
58%
11%
Jan .25
Jan
5
Jan t 2
Jan. 4
Jan
2
Jan 20
Jan 16
105% Jan
2
-
100
preferred-.
Parker Rust Proof Co
6,700'
ft
26% ft
Jan
Jan
Jan
19 ft Jan
preferred called Apr 1,
Parke
600
'ft
*15%
17%
*107%
29'/a
29%
3%
*3%
40
*15%
83%
3,400
: 17% ft'1 ft:-:
39%
3%
3%
40
*107%
♦107
107
*82%
4
3%
4%
3%
3%
84
84
40%
28%
*17
Sep
13% Mar 12
5
5
2
Jan
Jan
Jan
7% Jan
—1
_—No
Inc
Park Utah Consol Mines
6,400
28%
116%
6% Jan
,
'
28%
192
Mar
33
ft
par
100
100
1
—10
&• Teleg
preferred
Panhandle Prod & Ref
3,700
407/a
Mar
23% Jan
Panhandle East P L Co 5.6% pfd 100
550
2%' ft
2%
40%
8,100
1,000
9
9
40%
■
•
'
13% ftft:
Dec
Feb
108
91%
148
Pacific Tin Consol'd Corp
;
3%
Pacific Western Oil Corp
ft9ft
Packard Motor Car—
No par
2%
Pan American Airways Corp.
5
23 %
Pan-Amer Petrol & Transp
—5 ; ft
7%
150
ft
23%
143
14% Jan
ft 10
Mar 15
25
Electric.
&
Pacific Telep
170
27%
-.
110
2%
*38%
ftft
1,110
Apr
24
23%'Jan
preferred
preferred
2d
153%
*20
2%
2
.2%
2
*153
C
par
12.50
Co
810
98
*157 '
22
*20
22
*20
Glass
ft
23%
23%
*98 V2
101
*98
101
22 Va
154 Vb
ft
28%
15%
115% Mar 13
ftfift p Illlllllll
5,300
Jan
13
: 176
Jan. 5
Jan 15
46 - Jan 22
ft
54% Jan 12 ft
'
*152%
i
3,000
No
Co——
Owtns-Illlnois
19
39
38%
x98
*41
42
42
ft
ft-'ftft
10
100
—3
-—
26%
110
2%
2%
2%
41%
110
110
110%
*110
2%
1
3,900
''ft-
11%
No par.
ft 18%
9%
8%
ft.;:
ft
ft
No par
.
—:
Outboard Marine & Mfg—.
Outlet
ft
,
preferred.
6%
10
.
(I
100
18%
28%
28 Va
Otis Elevator
'
30%
7 ft
11% Jan
29%
3%
•
69
ft ,: 3%
15%
.142
28%
No par
(The)
6%
'•
[
—No par
Omnibus Corp
1,500
ft:
Jun
0
4,300
•
2% Sep
Va Oct
19
29% Feb
31 .Jan 15
8% Jan
6
-50
Oliver Farm Equip_:
—
v
2.50
Ohio Oil Co
3,600
31%: to
_—No par.
,
■
v
50
U Oct
5ft
2
15% Jan 19
36 , Jan
6
x3% Jan 14
—No par
Telegraph
1,300
.
-
No par "
Air Lines
17% ftft.'..' .ft!
60
100
18
27%
4%
27%
1
1
3
Feb
25% Mar 15
2
49 % Jan
48% Jan
9% Jan
91 % Jan
7% Jan
107
Jan
50
17%
4%
4%.
—
16%
•
3%
28%
.50
ftQ
—-No par
No par
Finance Corp (Cal)i
-10
ft:
13%
4%
10
Mar
1% Mar
6
4
113
Jan
9% Jan
10%
26%
1% Jan
100
preferred
28
3%
28%
Jan
27%
4%
4%
Jan
Va
26%
*13%
4
5A
26%
13%
3%
•
Jan
26
13 Va
ft
13%
33
2% Mar
5
Preferred
;•
53
9%
28
1
Norwich Pharmacal Co
v: 'ft'" 1
151
>
11%
9
-■
.5
K ,v
6% ftfti
,
*59
9%
9
2
23
Jan
162% Jan
preferred A
Oppenheim Collins
*50
.53
11%
9
%
:
11%
11
8%
18
*30
,
11%
11%
18
*50
53
-
59%
8%
T7S Jan
5
100
Norwalk Tire & Rubber
22,500
88
■ft 151
ft: 31%
58%
11%
28
*30...
59%
9
8%
17'A
59
.
12
27%
*5%
ft
.17%
*150
31%
*50
59
9
•
17%
ft *83%
6%,V
.*6
6%
17%
.*30
53,
59
8%
!
■
♦150
60%
27%
*10
6%
17 %
...
31%
*30
11%
11%
.
,
*150
59 %•
59%
11%
6%
17%
31
*29%
59
*6%
88.:,':
*83%
88
•
6%
6%
6%
*83%
88
6%
17%
*150 ft
*150
ft
17%
6
•
6%
*17%
*86
Jan
4
SSfS;
Feb
54
14
1,200
1
6%
11%
110
109
Dec
Jan
5,300
16
11%
Dec
May
23 y4
20% Jan
Northwestern
220
.ft'/ft..
1
11%
11%
11%
60 y2
80
15
_1
Northwest
5,900
.ftft:
37 -
11%
11%'
25
27
Feb
100
,—100
tNor States Pow $5 pfd
240
4% ft ft- ft;
*35%
•
I
:
f
11%
11%
Feb
Jan
45
Northern Pacific Ry
49,500
'."ft
ft'
112
17%,
17 %
38%
♦35
u%
83
105
6
"
11%
Dec
7
Northern Central Ry Co^.
30
Dec
16%
22
101
100
North
20,200
ft.
98 :;ft
*96%
Jan
6%
Apr
12%
Feb
15%
May
4
Feb
51
Jan
Jan
63% Jan
50
preferred series
5%f# preferred series
1,900
53
*52
12%
97
127/a
98
Jun
17 Vb
28% Jan
50
6%
2,200
Mar
Highest
I per thara
100
Co
North American Co
24,300
ft
21% Mar 15
Ontario & Western—
Adjust 4%
10
ft
2
Noblitt-Sparks Indus Inc
tNorfolk & Western Ry
660
53%
17%
4%
37
*35
37
*35
37
116%
38
38%
4%
4%
*34%
*115%
16%
•
17%
38%
116%
111%
11%
111
38%
•16%
12%
13%
100
ft
172
171
172
N Y
200
*115%
116%
16% Jan
20
'
1942
Dec
10 !A
9 Vb Mar 15
Shipbldg Corp part stk
IN Y
4,200
ft,ft\:
29%
*27%
29%
171
6,000
i9ff
4
preferred
Conv
46,000
2%
25%
25
6% Jan
*N Y N H & Hartford
58,800
13
52%
54
53
*96%
,
*27
172%
172
173%
*115%
112%
11%
112% 112%
*27%
172%
175
*53
53
53
*96
25
2%
2%
1>
172
1 Va
par
preferred
non-cum
35
5
No par
preferred
11 y2
41% Mar 12
,
5
N Y Lack & West Ry Co
410
Jan 27
I per thara
4
14% Jan
No
N Y & Harlem RR
90
•
39
38
11
31% Jan 27
No par
York Dock
5%
102
*95%
102
100
14% Mar
Previous
Lowest
I per thara
S per thar$
100
NYC Omnibus Corp
Year
1
Highest
Lowest
N Y Chic & St. Louis Co
6% preferred series A
1,800
5,000
*
8%
81
ft•
13%
40
January
Range Since,
1
ft
Far
'
*95%
Range for
NEW YORK STOCK
EXCHANGE
13%
'
19
f20%
21%
82
*81
81%
■
39'/a
13%
8%
8%
T
Sharet
sharet
1 per thara
I
thar0
,
39 %
*18%
18%
8%
21
13%
39
13%
18%
8%
I per thara
thara
40%
39%
19'/a'
*18%
per
13%
14
40 %
40
*80
82
$
Bales far ft,
the Week
Mar. 19
Mar. 18
Mar. 17
thar#
Friday
Thursday
Wednesday
Tuesday
Mar. 13
I per
STOCKS
HIGH BALE PRICES
LOW AND
••tarday
Monday; March 22, 1943
45
Mar 10
82% Mar 17
Jan
108% Mar
113% Feb
4'/2 Jan
Jan
May
:
Jun
6 Va
65
May
May
30
1
Apr
1%
30
Feb
43
29'
May
15%
79
Dec
107% Mar
110
ft
Nov
9
Jan
Oct
80
Dec
46
Dec
3%
65
Nov
Jan
19%
Oct
May
4%
Sep
,8
Mar
"3
26 y2
Apr
4% July
.8
65% Mar
6
12
Apr
98
44% Mar 16
7
Dec
103
5'/a Mar 16
v
Jan
Xl4%
2
22 Vb Mar 18
Jan
76%
Jun
27
Mar 15
48% Mar
Jan
Apr
55l/2
4
11% Mar 16
92
Jan
7%
19% Mar 12
82
Jan
Mar 11
56%
•
7%
170
Jan
>9
165
176
Mar 15
165
19
6
Mar
9
Mar 12
Dec
Apr
38%
Jan
Jan
10% Nov
Feb
165
May
'
Oct
6%
68
175
Feb
4
*
Feb
Dec
5%
Jan
May
3%
6%
Jan
47 Va
Apr
36% Mar 11
20
Jun
33 %
Jan
1
58
Jun
70
Feb
75
Mar
72% Feb
18
16% Mar 11
6
4
153
150% Jan
3% Mar
37
Mar
30
Jan
,18% Mar
22
Mar
Va
Jun
July
.62
Oct
10%
Jan
153-
July
8
8
;5
8
11%
Jun
19
15%
Jun
18%
Oct
3% May
ft 5 %
Jan
8% Mar 12.
14%
Jan
3
9%
Jan
10% Mar 12
5%
Jun
8%
Jan
10'A Mar 13
6% July
8%
Jan
29 %
Jan
22'A Mar
34
Mar 10
22%
Jun
55% Feb
24
42
Feb
Feb
13
115
Feb
123
15% Mar 15
9%
Jun
21
Sep
Oct
52%
192
Oct
14%
Jan
Mar
86%
Jan
98% Mar :5
73% Mar
x99 %
Jan
5
79% Mar
111
Jan
1 Mar
123
111% Mar
116
85 Va Feb
108
Mar
24
120% Mar 19
118'AMar 19
34
Mar 12
62
99
20% July
28%
Jan
.
Oct
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
Volume
HIGH BALE
LOW AND
•atnrday
Monday
Mar. 15
Mar. IG
t per
I per ihare
14%
14%
15
*106
98%
16%
*12%
12%
*12%
•
*108 Va
109 '/a
100
99
993/4
16%
16 l/a
16 >/4
15%
123/4
12%
12 3A
*108 »/a
14%
99%
:
21,000
*108 '/a
1093%
99
100
16%
YORK
Range for Previous
STOCK
Range Since January
Lowest
Highest
EXCHANGE
Shares
14 3/a
109'/a
12%
100
the Week
thare
143/4
16
12%
16 ft
14%
NEW
Sales for
t per
f per thare
14%
99
98%
16%
143/4
109
109
107%
107%
107%
98%
.■
Frldae
Mar. 19
Mar. 18
f per thare
14%
14%
15
STOCKS
Thursday
Mar. 17
1 per thare
share
PRICES
Wednesday
Tuesday
Mar. 13
1057
Par
Pure Oil
300
99'/a
6%
1,500
.
5%
(The)
:
No par
Jan
14
15
Mar
I per thare
13
7
1942
Highest
1 per thare
Dec
104% Feb
3
109
Mar
16
106%
Dec
92% Jan
2
100
Mar
16
Apr
90% May
80% Jun
11%
100
92%
Dec
No par
16%
900
Purity Bakeries
123/4
300
13% Jan
2
17
Feb
10
9% Mar
14%
Nov
10
10% Jan
4
13% Feb
14
8% Mar
10% Oct
4% Jan
2
Quaker State Oil Ref Corp
,
ll
Year
I per thare
100
preferred
preferred
conv
*16%
*12%
16%'
t per thare
Lowest
_
Q
*12%
12%
R
■>'
7%
7%
8
63%
7
*77
24
24
12%
13%
29%
*27%
18
30%
30%
28
28%
28%
7%
72
27%
28
17
14%
14%
76
76
50
50
8
*76
17
993/4
♦79
691/a
*10%
27%
9%
79%
*763/4
50%
50 5/a
7%
7%
73/4
16%
16%
163/4
16%
16%
'*983/4
99%
*983/4
993/4
81
81%
81%
81
81
82
*80
82
73/4
69% >;
83/4
69 3/a
70
10%
10%
10%
91%
92
92
8% V
27
27%
7%
26%
83/4
•
*22%
.
15%
34 /:
34%
...;
2%
*8
:■■■:
*10%
34%
:
1V2
2%
9%
4%
13
,•
37%
37%
108%
11%
27%
*98%
99%
98%
,
40%
(R J)
3/4
83/4
13%
Xl3%
8
7
9
40%
112
'•
40%
112%
*109
4
79
Mar 19
52
Feb
25
38%
Jan
2
9
Feb
25
2%
Jun
Sep
8%
7
2,500
8%
v
133/4
*6%
7 .:'v
700
1,600
22%
15
7
22%
223/4
700
14%
14%
2,300
48%
48%
"48%
49%
343/4
34
34%
34%
34%
%
%
%
5%
:
37%
%
6
8%
x36%
37%
107%
37
■
3,300
31,400
3/4
6
8%
.
Xl08%
109
V
'12
...
5%
*22%'
15
if
%
■
10
8
1
v
6%
37
6%
3,020
8%
83/4
620
37
36%
5,000
11%
11
11%
11%'
11%
11%
10,600
27%
27
271/8
26%
263/4
26%
26%
6,600
99%
99%
99%
98%
99%
*99V4
993/4
403%
300
40
39%
113
*112%
113
112
*110
112
1%
*19%
20%
*3% /
65
3%
3/4
.39%
19%
■
%
1%.
*3
65
*39%
403/4
580
*393/4
*112'/2
112
113
*110
113
*110
1083/2
108
107%
*112%
14%
14
13
6
98
Feb
18
78% July
64 % Jan
7
70
1 Feb
20
54
7% Jan
2
No par
100
64%
64%
80
8% Mar 12
11% Mar
4%
7
5% Jan
4
10
25% Jan
2
28% Feb
34% Feb
4
37
Jan
18
7% Jan
7
9% Feb
15
9
Jan
8
5% Jan
2
Mar
May
St
No par
—
Mfg
Co
—No par
Copper Mines
(The)
No
Joseph Lead
ISt
Louis-San
6%
_100
5% %
*2%
65%
64%
V
■
143/a
12%
13
64%
64%
*63%
3
64
%
.
1
203/4
:
,
65%
146,600
2%
2%
,
193/s
643/4
133/4
13% 7 14%
123/4
-
21
*2%
3
3,100
9
9
13
.64%
65%
13%
133/4
6,400
Servel
12%
12%
1,900
Sharon Steel
64
64
64%
120
13 '/a
21,100
5,300
7
2
96
can
10
38
Jan
9
43
112% Mar 15
107% Jan 23
115
7
15
64
Nov
16
109
May
13%
Nov
47'/a
Nov
34%
Jan
23
May
21%
Dec
ft Nov
1%
Sep
Mar 11
2
Jan
Mar
5
Jan
10
Sep
Apr
44
Jan
Jun
110
Jan
8
29ya
Mar
104
16
12 % Mar 11
27% Mar
y974
F,eb
7
7%
Sep
x9 3/a
Dec
19 »/a
Jan
13
12%
Apr
21%
Dec
Ao
78
98
Oct
Feb
May
253/2 Apr
39
Dec
Feb
109% Aug
116
Jan
1063/a
1131/4
reu
111% Feo
Jan
Dec
par
32
Jan
2
2
Mar
3%
Jun
100
% Jan
2
4% Mar
%
Dec
1 i/a
Sep
—No par
16% Jan
4
10'/a
Apr
17%
Dec
1%
Dec
5
Co
No
Inc
par
1
2
Jan
21
8
Mar 19
3% Mar
59% Jan 12
10 % Jan 13
65% Feb
9
54
5
433/2 May
4% Jan
15
14% Mar 11
Corp-
No par
7
Jan
4
65
S% Jan
20
No par
,
Mar
3% Mar
62'/a
Nov
11 »/4
Dec
Apr
10 i/a
Nov
52
137/a Mar 12
No par
$5 conv preferred
Jan
ft Feb
8
Dec
60
Jan
'
*12%
Jan
Nov
6 3/4
34% May
8
37% Mar 15
12
Corp_
13
Jan
19% Jan
No
Seaboard Oil Co of Del
14
35
10% Jan
No par
Sears Roebuck &
Jan
9
9 3/a
Jan
lu5% Jan
preferred
Seagrave
.
it,
%
5
—100
ISeaboard Air Line
4-2 %
1
1
16
preferred——.——No par
$4 preferred
-No par
26,200
1% Mar
3 % Mar
Jan
$4.50
Apr
34% Mar 17
5
Scott Paper Co
6%
2
100
preferred
Jan
6
7% Jan
No par
54
6% Apr
33/4 Jan
5
V* Mar 19
4
Oct
Jan
Nov
2
32
% Jan'
Oct
Jan
31 %
Jan
I
15 % Mar
100
preferred
Safeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp
74
Jan
49
23 % Feb
Jan
27%
6
100
5%
7%
129% Mar
Apr
4
100
—:
863/4
Jan
28% Jan
10
—
Francisco
preferred
Jan
100% Mar
5%
Jan
7
Dec
8%
43
1
19
85 V*
x20
14% Mar 15
7% Mar
Dec
Nov
5%
Apr
75%
16
8% Mar 12
20% Jan
11% Jan
par
No par
ISt Louis Southwestern—
10
7
Dental
71'/a
49
3% Mar
15
92
Jun
6% May
9
Jan
1
Tob class B
$2.50 conv preferred
112
'•
.
19%
3
*2%
643%
%
23/8
n
2
20
14%
13%
64%
%
12%
143/g
13%
3 Vs.
'
2%
19%
65%
14%
■
1%
20%
3%
64%
*13%
.
n
1%
■
65%
*3
65
Jun
Dec
13
—10
Antelope
Ruberoid
900
40
3%
19%
70
5% Jan
'
%
1%
81% Mar 16
85% Jan
Rustless Iron & Steel Corp„_
36,000
108%
7 IP/4
*110
1%
3%
Mar
100
100
,
Oil Corp
Richfield
Ritter
Roan
230
*112%
112
1 %
3%
19%
*55
—-No par
Common
35%
*13
13%
*6%
223/4
♦35
35%
11%
".
112%
114
*109
Reynolds
27
98%
,
14,400
27
99%
12
273/8
*40
26%
%
10
1083/4
*112%
26%
26%
*35
14%
7/7
53%
10
37%
27%
Dec
4
Spring™,
34
34
108%
12 ::
13
x94%
Reynolds
48%
1%
37%
27%
7% May
8
30
14%
34%
4%
:
:
11%
13
4% Jan
;
Feb
Dec
100% Mar
preferred
5 % % • preferred—
Reynolds Metals Co
5%% conv preferred
Dec
7%
16
4
2,400
7
223/4
V:
%
108%
37%
108
22
Dec
6
8%
48%
;
%
8
13
9%
.
Apr
6
Dec
10 3/4 Mar
73% Jan
92%
'
%
%
11
6
95% Jan
Revere Copper & Brass
Nov
9
69% Jan
14
Sep
3%
70
42 % Jan
„No par
23%
Jan
100
8%
83/4
49
'"
1%
14% Mar
Jan
39
7% Mar 16
16 % Mar
May
1%
1
1
preferred—:
*90%
35%
13'/8
15
*48
2%
20
3
25
prior pfd ser A——100
8%
1,400
Jan
13%
10%
10%
3% Mar
4
92%
*8
5
4
28% Mar
17% Mar
10%
26%
.
23
14%
48
34%
"■
180
Nov
-25
1%
69%
28%
2
*90%
8%
*35
7%
223/4
conv
conv
233/4 May
Jan
10%
26%
,
13%
73/4
15
6%
6%
;
Feb
30% Mar 12
—100
———
68%
10%
7%
8%
133/4
7%
9
22 3/4
8,200
Inc
Republic Steel Corp—
400
97
*96%
with warrants
Motors,
92%
10 %
27%
14%
49'A
1%
69%
t;;
35 »/a
*35
7%
22%
15%
*69
♦92
14%
•■■/.
69%
40
73/4
7%
97
Preferred
Rensselaer & Sara RR Co
Dec
Nov
Jan
20
12
15%
6
Jan
Jun
Dec
26 %
14% Jan
12
22
7%
28
Jan
23% July
11 % Apr
30 % Mar
1
:
Dec
543/4 Dec
15%
18
Jun
3
8
10
3%
34%
•
35%
7%
*96%
8%
8
73/4
97
*69
4
10%
8%
7%
*96'/a
♦90%
/
7%
7'/a
97
14,000
I
Mar 11
Jan
470
99%
Apr
20
2,200
16>/4
2
75
73/4
Reo
Dec
7% Mar 12
8
50'/a
Mfg Co
Remington-Rand
300
90
14
79
73/4
Dec
Apr
22
& Co
Dec
59%
88
3% Jan
7,100
(Robt)
5
46% Mar
16
Mar
22% Jan
14
993/4
9%
34
V;
73/4
64% Mar
66% Jan
Reliance
17
*96 '/a
Rels
4
__5
.
800
993/4
8%
50
Jan
100
Hosiery
200
16%
97
Silk
50
79
79%
*80
Mar
Preferred
670
73/»
*153/4
51
Jan
19
50
143/a
50%
*35
151/4
:
*76
30
17
*7
16
14
13% Mar 15
6
50
14
73%
16
993%
v
*47%
„
14%
J
7
14% Jan
2
26% Jan 20
1
25
—
1st pfd
100
Reliable Stores Corp_———No par
17%
16
22%
14
'.,V7%
•
7%
27%
*7%
7%
16%
79'/a
35%
*14%
♦73/4
16'/4
513/4
*69 i/a
8%
*35
29%
99%
8 3/a
91%
8%
28%
51
*96%
-
11
91%
28
11% Jan
26% Jan
Real
30
16%
8%
96 '/a
*68%
27
♦76
7%
700
72
27
25% Feb
conv
_
Reading Company
4 % 1st preferred4% 2d preferred
400
1,700
72
2
Rayonier Inc
$3 preferred
300
33/4
33/4
3%
Jan
No par
•
72
21
Raybestos Manhattan
28'/a
28%
28'/a
*3%
80
6%
3,100
32
*70
141/4
14%
*27
3%
26%
7%
30%
'
2% Mar
1
7
100
r
17%
15
54% Jan
preferred-
5,400
<•..
29
Feb
93
1,700
13V4
8
59
92
Mar 16
3% Jan
2
Radlo-Keith-Orpheum
80
12%
*30
No par
No par
1
24»/4
17%
Corp of Amer
$3.50 conv 1st preferred—No par
$5 preferred B
23,300
24
72
*70
17
73/4
8
81
8%
27%
3%
70
78"
*28%
Radio
58,100
f
1,800
*98%
;
(
82
*96%
X27 '/4
*76
17%
30%
%,
7 %
6%;
-
29
79%
8
17%
99%
30%
7
123/4
17%
50%
50%
8%
30'/a
27
*161/4
14%
14%
18
72
26 i/a
17
*16%
12%
*28
29
17%
3%
*67
7%
7%
7%
*16%
24
13
*27
,28
»33/4
3%
72
77%
24
30%
28
28%
:
3%
77
77%
17'/a
*30
30%
6%
.
7
62
98
*88
24%
12%
133/a
7%
61%
98
76
24
29
171/2
18%
*30
3%
133/4
*27
29
17%
28
3%
*70
...
13%
13%
29
17%
7%
62%
*88
7
76
241/4
24%
24
98
6 '/a
80
*75
7%
61%
62%
*88
7 i/a
6%
81
*76
24
*27%
93
7%
•7%
62%
62%'
92
7
82
7%
73/4
623/4
92
*86%
7%
7%
8 t
63%
62%
63%
100
*84%
9
'
;i3%
13
12%
*69%
70%
!
9%
;
9%
13
13%
Xl3
13%
12%
693/4
70
*69%
70%
*693/2
9%
8%
8%
8%
8%
9,
39
4
39
21 y«
213/4
■
41
21%
4 ■*"
21%
21%
41
;'••••
40%
4
41%
V
*40%
41%
21%
■
'21%
4;.
8%
;
■
.
21%
b 21%
21%
3 3/4
33/4
21%
21%
21%
4
22
*40
5,100
150
40%
22%
i%;
; *i%
**24%
*1%
213/4
:
;'T:
*1%
1%
-i-1%
1%
V 253/4
25%
25%
25%
*25
36%
1%
25%
*25
;/
36%
36%
36%
35%
36
*36
91
91
90
90
88
*113
120
♦113
1 118
*113
92
*87%
*113
25
*24%
24%
11%
12%
26
1
3%'
1%
21%
18%
*1%
12%
12
12%
11%
3
23%
24%
24
*137
139
23%
13%
13%
50
24%
23
*137
3
3,900
300
1%
23%
*137
26
26%
26%
26 3/2
19%
193/a
*19%
: 19%
23
ii3/4-/; 12
3%
3%
183/4
•••
23%
1834
233/4
*137
233/4
139
123,4
13
12%
13%
13
13
13
13
3,400
21
19%
20%
20%
*47% "48%
*473/s
48%
43/4
43/4
4%
V"
4%
/
.
4%
.7
20%
19%
203%
44,500
20%
193/4
20%
26,200
Southern
40%
393/4
401/4
4,700
48 %
*47%
4%
4%
43/4
33/4
*33%
3%
3%
33/8
37%
37%
*37%
40%
*35
25%
243/4
25
25%
25%
*243/4
25%
34%
33%
33%
*34%
35%
♦343/4
34%
35%
4%
50%
*114
"
5%
36%
*110
*114
5%
*108
"
2%
"r
2
6%
6%
5%
58
5%
58
5%
3%
3%
57%
5%
200
333/4
6,100
35%
.
20
25%
25%
600
401/2
*35
4,300
57%
1,520
5%
23,500
44
50%
116
5%
109
*
453/4
43%
45
44
45%
3,520
35 %
36
35%
35%
353/4
361/4
*110%
117
*110%
■
*49
*114
5%
108
50%
116
53/4
*49
*114
5%
117
50%
116
6 %
*110 »/2
1,200
117
50
50
*114
116
6
200
6'/4
73,500
108
109%
110
*109'/2
109 %
900
2
1%
2
1%
2%
18,200
61/4
60,000
2
'•
5%
2%
6%
1%
4%
5%
5%
6%
20%
203/4
20
20%
193/4
20
18%
193/4
19%
21%
21
22
21%
22%
20%
21%
20%
21%
19%
21%
20%
22%
21%
231/4
26,500
33%
33%
333/8
333/4
33%
333/4
32%
33%
323/4
v33%
33
331/4
14,500
31%
313%
31%
313/4
31%
313/4
30%
31%
303/7 ■31%
30%
30%
9,000
49%
50%
49%
50
493%
50
49%
50
49%
49%
50
40
40%
403/2
2,200
303/2
600
'
39%
39%
40%
40%
40%
40%
30%
•'
30%
x30%
30%
30
30%
30
30
64
64
633/4
63%
63%
63%
63%
633/4
9%
10%
9%
6
6%
3/4
6%
10
9%
6%
6%
8%
8%
8 3/8
8%
83/4
9
8%
10%
103/8
X9%
10%
93/4
10
9%
*59
60
126
126
60
%
*124
63%
126
59
60
126
5 5%
5%
16%
163/4
16%
1634
16%
16%
2%
2%
2%
2%
23/4
2%
70
22
22%
*28%
70
-
30
70
21%
22
29%
29%
*5%
5%
*5%
24%
243/,
24%
For
footnotes
see
*67
21%
24%
Ry
1059
19
Jan
19
26% Mar 18
15 V* Jan
16% Jan
10% Jan
2
193/a Mar 18
4
24% Mar 12
15
142
Feb
-25
21% Jan
2
24
Feb
—7.50
103/4 Jan
13
15% Jan
153/4Jan
35% Jan
7
9
24
6'/a Mar
9
40 3/4 Mar 12
-100
42% Jan
12
2% Jan
6
par
No par V
1
No
——
Spencer Kellogg & Sons
par
—No par
Sperry Corp (The)
Splcer Mfg Co
L
$3 conv preferred A
Spiegel Inc__.
Conv $4.50 preferred
Square D Co
5% conv preferred—
Squibb (E R) & Sons
1
—
No par
-No par
2
2 % Jan
33
Jan
2
6
4
3% Mar
203/4
Jan
15'/a
Nov
17
Feb
103/4
Dec
2%
Jun
153/4
Jan
173/4
Jun
2614
122'/a
Nov
1443/4
Jan
23
14%
Apr
21%
Nov
93/4 Apr
12%
Jan
13% Mar 13
Mar
Mar
10
4% Mar
16
Jun
Jan
18% Nov
Feb
Jun
39
Oct
343/4
•
18%
233%
5
49
Apr
121/2 May
3
Jan
50 3/a Mar
.1% Apr
1% Nov
3
Aug
33/4 Mar
1
Mar
1
31
Dec
59
July
5
171/2
Apr
24
Nov
Dec
313/a
40
31/2
Feb
21% Jan 26
25% Feb
24% Jan
32% Jan
Jan
2
35% Mar
15
21%
18
9
35% Jan
25
30
Sep
37
Mar
59% Jan
26
49
Mar
60
Jan
5% Mar
57
3
Jan
2
Jan
17
2 3/a
Jan
293/4
Sep
Sep
4%
453% Mar 17
45'/a
Jan
373/4 Mar 12
27%
Jun
38%
Jan
1% Jan
4
9
Jan
5
22
10% Jan
283/8 Jan
5
23% Mar 19
8
35 % Feb
par
Jan
Dec
17
2
No
$4.50 preferred
Oct
100
113%
13
ft Jan
No par
Dec
Nov
24% Mar
No par
100
No par
14
1%
17
No par
$5 pref series A
Standard Brands
1
1% Mar
5
Dec
183/4 Mar
35% Jan
7
33
Jan
6
109
Jan 28
49
Feb 10
113
Feb 17
4% Jan
2
100% Jan
7
No par "
Apr
13 % May
21% Mar 12
2
_No
Sparks Withington
Spear & Co
preferred
July
15'% July
17
20% Jan
132
Jan
i
16
63%
9%
9%
93/4
58%
*124
*30
6,700
v.
20,400
63%
635/8
1,300
10
103/8
11,800
Standard Gas & El Co
$4 preferred
No par
$6
No par
No par
cum
prior preferred
$7 cum prior preferred
Standard Oil of Calif
Standard Oil of New Jersey
Standard Oil of Ohio—
25
46% Jan
25
37% Jan
Starrett Co
(The)
Stewart-Warner
6%
6%
4,600
8%
8%
22,700
Stone
28,400
Studebaker Corp
Sun Oil Co
10
L S
10
Corp__
&
No
(The)
59
58%
58%
125%
1253/4
80
51/2
53/4
7,800
110% Mar 10
50% Mar 15
113
Feb
17
6% Mar 19
110
Mar
18
108
Dec
40'/a
Apr
114
Feb
49!/a
Jan
109% Aug
2 3/4 Apr
113
Jan
5
Jan
893/4 May
110
Superheater Co
5%
800
16 3/4
16%
16%
16%
16'/a
3.100
2%
23/4
2%
2%
2%
14,800
69
67%
67%
67%
69
68'/2
693/2
900
Class A pfd
Oil
of
Jan
20%
20%
20%
21
20 3/4
203/4
2,000
29
Superior Steel Corp
29
31
30%
30%
29
29
1,200
Sutherland
6
*5%
6%
*51/2
6%
24%
24%
243/B
24%
24%
24
4,200
Paper Co
Sweets Co of Amer
Swift &
Co
(The)
29%
Dec
Apr
29
Dec
Apr
47
Dec
4
40% Mar
3
251/4
Apr
40
Nov
22 3/4
Dec
343/4
Jan
42
Apr
62
Dec
2
12
30% Mar 1364
Mar
13
10% Mar 15
7
9
Mar
4
Mar 16
10% Mar 12
5%
Jan
8% Nov
3% Mar
4%
Jan
4
Apr
6%
Nov
33/4
Jan
63/4 Nov
43
Apr
553/4
Jan
Mar
8
Jan
4
Mar
6
3 3/a May
5%
2
16% Mar 12
lli/a May
15%
Jan
2
2% Mar 12
1%
Jan
16~%
Dec
26 %
Dec
6
61
Jan
9
127
2
6
par
127/a Jan
1% Jan
25
583/4 Feb
23
100
14% Jan
20
10
26% Jan
4
12%
4% Feb
1
22% Jan
Mar
30'/a
33A Jan
25
Jan
25-
1
Calif
Oct
Jan
13'%
51% Feb
100
No
2%
11%
2
2
48% Jan
Apr
Apr
18
2
6
124
%
6
20
60% Jan 26
7% Jan
19
5 3/a May
13
Mar
% Ost
5
4% Jan
100
cum)
(The)
21%
100
Jan
6% Mar
Sep
25
5% Jan
5% Jan
No par
(4% %
Superior Oil Corp
Superior
25
•V
2% Mar 13
32 % Mar
12
par
I
Sunshine Mining Co
5%
28% Jan
1
Webster
126
5%
2%
24%
5
Stokely Bros & Co Inc
*28%
24%
No par
Sterling Drug Inc
6V4
9%
par
25
8%
10
No
Standard Oil of Indiana
*53/8
6
page
5%
63%
6 %
*124
53/4
40%
30%
8%
60
5%
40%
6%
126
5¥4
50
*29%
83/4
10
60
5%
*67
6
10
*124
60%,
_
5%
:
39%
9% '
108
2
preferred
$5.50
65
11
17
1
2%'
5 3/4
117
53/4
108
108
5%
58
3%
40%
■
*49
50%
116
5%
6
108%
34%
*57
443/4
36%
117
50%
.
*113%
4%
41%
37%
*110
323%
35
58
42
40
*36
117
35
*57%
58
4%
4%
38
34%:
34%
35
*34%
: *57
*3%
11,600
15
Jan
11
Mobile & Ohio stk tr ctfs
47/s
33%
34%
48%.
5%
Jan
2% Jan
Edison
Southern Pacific Co
20%
*47%
40 3/fl
48%
California
393/4
20%
393/4
Apr
99
113
16% Jan
Southern Natural Gas Co
20%
30%
100
13%
217
27
Apr
6
12 % Feb
Dec
Jan
19'/a
2
2
Aug
4%
20 3/a Aug
Jan
—15
-
:
35
Nov
18%
4
Jan
Dec
Nov
7%
18
—No par
Southern
40%
Feb
36% Mar 12
100
2,100
20%
1% Feb
26
Jun
95/a
66
11% May
% Apr
22% Mar 13
No par
23%
20 3/8
2
2'/a
8
5
Rico Sugar
preferred
23%
21%
4
11
4% Mar
1
Greyhound Lines
Porto
8%
2
30% May
10% Apr
21% Mar 19
77
No par
South Am Gold & Platinum
So
21
Jan
28% Jan
5
111
—No par
Socony Vacuum Oil Co Inc
S'eastern
16% Jan
1% Jan
14
*
Apr
4% Mar
100
,—10
Smith & Cor Type v t c
Snider Packing Corp.
23%
40
40
20
Smith (A O) Corp
4
173/8 Jan
Apr
54%
par
No
23%
21%
39%
2,700
139
preferred—
23%
40%
*36 %
500
—15
Sloss Sheffield Steel & Iron
23%
40%
58
9,300
233/4
23%
*3%
35%
7
No par
——
23%
*47%
35
35,300
3%
18%
*137
*25
35
900
5,200
12
11%
x3
*37%
57%
5,300
77
23
*18 »/8
3%
35
Simonds Saw & Steel—
Skelly Oil Co—
$6
23
22
40
•
1
139
40
:
89
25%
9%
—
118
40%
''
17
—2'—-
23
4%
'
*88
18%
23%
139
200
1,500
3%
6%
41% Mar
23/8 Jan
363/4
*25
2
15
31% Jan
253/4
*113
3%
183/4
20%
■'
4%
5%
1
9% Mar
No par
—15
36
*37%
108%
71% Mar
8
23%
20%
21%
40%
3%
18
17%
139
v
xl2%
21%
21%
40%
3 V""
3%
18
93
23%
*49%
7
.5% Jan
Silver King Coalition Mines5
Simmons Co
No par
Simms Petroleum
i—
10
:*25
89
12%
"11%
*17
*110
64% Jan
No par
Pen Co—
(W A)
4%
13% Mar 12
No par
„•
Shell Union Oil
36%
118
23
3%
4%
Sheaffer
pref ser A
(Frank G)_
5,500
25%
*88
19
22%
v
*113
26 3/4
19
23
■17%
4%
7
19
23
3%
*47
25%
19
24
17%
20%
25
24%
89
*18%
19%
24
,
'■77 1%
113%
23%
19
23%
.!:
7
conv
'
26
36%
36%
21%
$3,50
Shattuck
1,400
21%:
•
Sharpe & Dohme
200
8'/2
21%
3%
33/4
21%
-
70%
■
"
V 22
139
13%
70%
21%
38 V
4
9%
12%
*69 3/i
*3%
38
"21%
,
"
'.
13%
70%
..*69%
V 8%'
v
2
70
6
25
1
Apr
Apr
128
Dec
Jan
Mar 15
23% Mar 11
31
116%
Mar 17
Feb
Feb
18
10
9% May
17%
Feb
3 % May
20
Sep
4% Aug
25
Jan
■
Monday
Mar. I :t
f
«
thare
ver
Mar. 16
than
per
31%
32%
24%
24
7 Va
7
7
f per
share
I per
share
32%
32 Va
32%
32%
24
23%
24'%
6%
'
'
5%
5 Va
10%
10%
10%
47
47%
46%
47 Va
*10%
47%
10%
46%
.
4%
4%
4%
4%
38 3'a
38%
38%
39 VB
9%
9%
9'/a
*9Va
9%
9%
9 3'a
9%
9»/4
9'%
9%
9%
8%
9%
26 Va
25%
26 Va
•7%
7%
7%
7%
7%
7%
*7%
8
*9 3 V
*39%
'41
40
"
*38
38
38%
.
24%
26%
■:V:
4
4
3%
9 •'
3%
29%
29%
29%
29%
29 'Vb
29%
2%
2%
2%
2%
2%
2%
2%
2%
21%
22%
*21%
23 Va
4
"
9
22 V«
9
9
22
22 /
22%
12%
99
32%
*31%
31%
31%
46%
46%
46 Vb
46%
32%
32 VB
32%
31%
46 Va
46%
46 %
47
46%
8 Va
8
V:
3V
8%
18%
17%
18%
15%
15 Vb
153V
15 '/a
16 Vb
*15%
'
'84
8%
3%
V
84
v
;
83
■
17%
18%
17%
30
30
30 V4
19%
3%
3%
3%
3%
7%
57V
5%
5%
70%
70%
8%
6%
48%
47%
48 %
10 :?a
10
103V*
•
%J
17%
17'%
17%
'i
30
29%
29%
Jun
10%
Feb
85 '
Mar
97'."
Dec
8
22
May
34%
Jan
Tlmkpu Roller Bearings—-No par
31% May
Transamerlca Corp__
Transcont'l &. West Air Inc——5
15% Jan
Transute Si Williams St'l.—No par
11% Jan.
5
Trl-Contln.ental Corp—————1
1% Jan
5%
3/
5%
5%
5%
s
47 Vs
19% Mar
19
16% Mar
4
;
7%
10%
10%
10%
81'%
82
81%
82 %
*115%
118 Va
*115
117
*110%
111%
18 7
13%
18%
85 '/2
86
86 Va
86
27
18%
19 3
*17%
111 Va
111%
111%
*18
Jan
<% Mar
Mar
16
56%
Jun
85
<
Va
19%
Jan
1%
Jan
5 '
6% Feb
73 >■' Jan
6 % Jan >11
111%
x63%
64
*63
63%
*62%
20%
20%
20%
20%
20%
.
23%
24%
23%
24%
24%
1
IVb
1
IVB
i
111%
110%
78%
Nov
5% May
7%
Nov
'4
28% Jan
46 "
Dec
Jan
18
«
Jan
2
par
79
Jan
13
X84
Mar
4
58
pfd—No par
113
Jan
5
116
Mar
16
108
105% Jan
2
111 Va Mar 11
22%
8
94
Jan
6
86
Jan •
8
6
23%
5^
United
400
5 7c
800
United-Carr
>r
•
/ 29,900
9
9 3V
;
6 3V
6
9 Va
5%
5%'
48%
49 Va
47%
6%
7>V
6%
31
,64%
106 3'a
*105%
22%
22%
*8 Va
91 Va
6%
6%
23 Va
5
5
8 Va
16%
v
w—
■
*43'B
4%
4%
8%
8%
*90%
91%
66 Va
7%
Ar:
8 Va
41%
klW,
34%.
34%
33%
34 Va
1634
16%
109'/a
109 3'a
32%
32%
32%
37%
*35%
109
54
*24%
*36
38
32%
108
.
1%
1%
33'%
..
*55 Va
56 %'
116%
115%
24 Va
3
3
*65 Va
17"
17%
'•
*16
1%
V
66
"
66
45%
2%
1%
1%
24
25.
2%
3
*66
£4
*156
160
*156
160
174%
*170
174
172
*170
64 % A
64 3V
A
69
115%
•t'.
*66
16%
25
•:■:;% 27a
1%
68
A;
1%
i%
68
17
64
64
160
*156
*171
174%
64%
$8
U
;
n
U
U
u
45%
44%
45 %
43%
w
-.4
46
46 %
45 Va
20'/a
'20 V*
19%
19%
11 H>
11 Va
11%
11%
*29%
32
116
115
18%
19VB
18%
115%
11
11%
*115%
42 Va
*29%
31%
*115%
116
42
42'/a
*42%
42%
"53
64
*53
64
*50
64
60
*51
60
*51
59
*54
*23%
25
*23%
25
4%
53 %
54 Va
117'/a
117 V2
*117%
120
117%
4%
54
54
54
*
24%
47/B
4%
4%
*22'/a
24 Va
*23
24 Va
*22%
34 7
34 ^
*35
35%
35 Va
a
32%
32Va
99
99
32%
32%
18%
J.1%
11%
*30%
116
31V4
116
18%
19
111/4
i
conv
30
30%
116
:
,
24 Va
Va
116
42 Va
*41%
42%
*53
64
*53
60 ;■••
*53
——i—<—2-
*57
60
*57
A
*32
60
60
*23%
54
25
5 Vb
54%
*23
4%
53%
25
4%
531%
42 V4
24
200
5
*53%
54%
120
"lnVa
120
117%
117 Va
25
*22%
25
*23'%
25
22%
23Va
x35
35V4
34%
35 %
351/4
32 Va
32%
32%
34%
100
100
32%
32%
106%
*134
*134
*134
*98
32 %
Leaf Tob—2-—.---No
,^2-No
Am—No par
6%
J
~9
>134
6%
9
9 Va
8%
*24 Vb
24%
24 Va
24%
24 Va
24%
25
25%
6,400
33 %
33%
33
33%
32%
33%
32 V8
33
32%
33
32%
33%
6,400
8%
8%
8%
8%
8%
2,100
91/4
8%
9
7,100
4
Apr
27
99
33% Feb
24
22
May
38 Vb Mar 10
13
"
2
39
%
Feb
2% Mar
26% May
..
20
23
25 % Jan
33% Mar 13
Jan
46
Jan
57% Mar / 6
Z
29%
54
Dec/
"30%; Aug.
32%
Dec
1
..
13% May
109% Mar 10
Oct
Jun
114
Apr
% Aug
1
Jan
Va July
14%
Jan
Mar
27%. Dec
103% Dec
Mar
*
112
■v,
58 \
Apr
4
44 V*
116% Mar
1
107 %
Jun
•
Mar 10
26 % Feb
46
Mar
3% Jan
6
4
15%. Apr
39% Mar
29
% May
25
T
1% Mar 12
% Jan
5
Jan
13
67'/8 Mar
6
14% Jan' 23
18 Va Mar
19
56
59% Jan
150
167% Jan
20
156 Va Feb
25
176
Feb
10
1
%
Apr
Jan
Jan
55%
Jan
119%. Jan
;
24
Jan
46 Va
Jan
1%
Oct
Oct
1
34% May
60 %
Dec
12
15%
Nov
July
41
66V4 Mar 12
15
Jan.12
./71
May
70
Jan
51%
37% Apr
55% Mar
142
May
61-.
Oct,
147
Apr
152 Va
Dec
Apr
'
169
Dec
% Jan
31
Jan.
Feb
27
7
48% Feb
ri£ % 3a n
Sep
Jan
34%
Dec
14 V»
20% Mar. 4
%
22
25
4
5
Jun
20%
Jan
_
-
15% Jan
:
12% Feb
25
30 Va Mar
19
.7% Jun
19
Mar
112%
Jan
11 Mi Mar,
26
Dec
116 Va July
116
Jan
11
117
Jan
21
41
Jan
7
43
Jan
4
30
May
42
51
Jan
22
55
Feb
27
50
July
55
Jan
57
Feb
15.
59
Mar
17
55
Sep
60
Nov
3
24
18% May
25 Va
Jan
Jan-
2% Jan
7
26% Feb
15
4
5% Feb
25
39
Jan
Jan
15
55% Mar 12
5
116
20% Jan
25 Va Jan
25
14
14
!
—
Detinning Co_
27
!
Vultee Aircraft Inc
preferred
1
—-—No par
Oct
40%
Oct
117Va- Dec
Jan
21%
Nov
5
24
Apr
31%
Jan
Mar
19
26
May
29%
Mar
15
70
Jun
140 Mar 12
120
Mar
35 Va Mar
29% Jan
2
33
80
Jan
8
100
133
Jan
26
7
Jan
6
19% Jan
5
..
2%
Jan
110% May
13
Dec
Jan
1
22 Va
117% Mar
14
Jan
25
---25
100
100
—
'
$1.25
6%
41 v. Sep
"34%. Jan '■
V-
Jan
109% Jan
7
No par
Co
preferred
Vulcan
Apr
7
11
Pow
Ry
2 Vb
Dec
>'
174%. Dec
Apr
24
8% Jan
div
&
64
-100
-100
Ry—^
—
Chemical Works.—-
El
Jan
Va
%
Jan
100
i—5
Co__-
Preferred
~93V
9
v
Feb vs:
11%
May
4
24 Va
25% Jan
Virginian
24%
9
159
34% Jan
;--5
T
preferred
preferred
Victor
Va
Oct
87
6% May
40 % May
8% Mar 16
2.50
i
24%
Apr
101
par
-100
_1
:
24 A
9
77 Va
V.-
•'
—
50
24 %
16
67/b Mar 17
15
Jan
•U
par
700
40
Dec-
13
29% Jan
-2 32
par
partic preferred—-100
$6 pref.
—No par
Va Iron Coal Si Coke 5% pfd.-*. 100
1.000
106%
5%
19
'
33
*98
Apr
16
1% Jan
'
99 Va
100
2%
18
29 Va Jan
—
Va-Carolina Chem
50
35 Va
1
1,300
*117 Va
54
1st
7%
5%
15,600
120
Feb
12
Mar
Jan
1
—_5
Corp.
Vicks Shreve & Pac
~50
24
4%
4%
36% Feb
6
42 Vb Jan
Vick Chemical
500
42'%
16%
Sep
24
8
v
21 Va Jan
Van Raalte Co Inc
1
Jan
25
Van Not man Mach Tool
300
/
Jan
Apr
2%
41 % Mar r2
4
Jan
Co—.—2——No par
Vanadium1 Corp of
.
800
,
4
108
2100
preferred———No
Preferred
60
59
4%
5
4.300
106%
11%
1
176 V4 i-eb
;'. v.
64% Jan
Sales
Vadsco
240
11%
17
13% Jan
preferred—22-—.——r
—100
Universal Pictures 1st pfd——100
"io
:
"
*98
100
134
*134
31V<
116
.
59
42 %
*42 W
43%
93% Mar
15
19
47% Jan
Stov kyaids
Universal
280
4,100
U
43%
44
18%
19 Vb
11%
*30
30
30
*U53V
43
44
*11%
A
U
■u
Dec
67 Va Mar
12
30.
••
Universal-Cyclops Steel Corp—— 1
1,600
■/A';
Jan
5%
16% Mar 12
19
50
V
■v.
■
8 %
174%
72%
Jun
91% Mar
8
.
Jan
Corp————-No par
United Stores class A_.—
160
*171
Jun
3Va
8 % Mar
5% Jan
40
^-10
preferred—.2,-2-—:
United
200
a::;
48%
5% Mar
173 V Jan
No'tmr
Co—22-2.—
8 Tobacco
7 %
3,700
A
18%
17%
64
♦156
U
800
A
Feb
22
Jan
25% Mar 19
29
Corp___—2—5
Preferred
Preferred
50
-
27V
*66
.
/ 4,000
■
35
107% Feb
Jan
69
1st
U 8 Steel
;A> 800
44
3
.
35,000
25
44
1,200
<
„
115% V
45 %
64
1747V
■tS *171
At
Jun
'
preferred—2—
-100
Smelting Ref & Min——2-50
U S
800
Jan
6%- Sep
25%
7% Mar 19
Jan
9 % Jan
Co—2——No par
Rubber
8
8%
3.000
56 Va
24 Va
U
16 200
53%
5G Va '
160
63%
♦154
172
69
52%
1%
.
1,400
AV' 3,900
.
109 % "
53%
3
17 y?
Xl7
17
64
160
1%'
68
108 V2
'
33%
32%
109
70
*42
3
■*
32%
1%
56
24 %
24%
45 Va
1%
1%
68
*156
66
Va
*42
1%
1%
•>3% Mar
69
84 Va Jan
preferred-,——-—-—100
U S Pipe & Foundry—————v-20
U S Playing Card Co24_22_——10
U S Plywood Corp———
—-1
|U 8 Realty & Impt———No par
A/,.'"
-V
Dec
Nov
:
:'v"'-'*;
* ,•
conv
Leather
8
8'%
3%
.50"
r
Prior
,2,700
; :
37% '
35
34 V8
115% '115%
116%
*42
'
69%
53%
116%
31%
31%
*36
"
...
Partic & conv cl A—
370
,
52%
-A 70
70
52%
45
1%
109
56
57
54
1%
173 V
•
32%
70
25 %
35%
'108%
53 '/a
25 %
37%
32%
70.
116%
32%
108%
32%
,108
IO8V4
54%
68
64 Va
2
A/; 109
"U
: •' 20,000
Dec
17
'
8,800
..
y:!-.v;'^
Horfman Mach
S
5%%
3,900
A;
6% :
187b
-
preferred——
50
U S Industrial Alcohol—*_No par
260
Apr
33% Aug
32Va Mar
16% Jan
preferred—-2—1-—-—2100
7%
..
U
6,900
,
;
34 31
6%
18%
109 %
35
36
/
103
No par-
—No par
Gypsum Co—2————20
U S
Oct;.
i7«
Apr
1%
Feb
20
18
■
''
2,800
4%
Oct
Oct
Dec
58%
Jan
11
Dec /
113
July
7% Mar 12
4
12
5% Jan"
U S Freight Co
.
8
413V
34%
:
6%
19
32
37%.
35%
37
56%
-57
*42
■
104%. Jan
20%
V 17
y. Jan
si
11
6 Vb Mar 12
49 % Mar
4% Jan'
140
./
-
60% Mar
par
Paperboard—'——— -—-10
Fpreigh,Secur_'___-,—No par
S6 1st preferred—i_——No par
9,500
Jan
'
5vb Jan-
United
A,
,
Feb
Feb
30
y36%
May
16
19
15
9 % Mar 12
4
U S'&
-J —"
•'
41%
34 3-4
*36
32%
32
32%
,
70
3
*16
109 Vb
115%
46
*65 %
109%
53 Va
25 Mi
*42
1% V
109 %
*
70 A
1163'4
*23b
2 Vo
56%
54%
„•
116
6 3V
17%
1%
33%
"70
70
6%
32
108%
57
*56%
34%
34%;
33%
109%
1783V
7%
41%
Z
37
24% Mar 13
3% Jan
'-
18%
*36
32 "a
109
-
6 %
*36
108%
333'b
32%
.
17%
37
2
2VB
2
*
7% '
7%
*40
41%
6%
39
<
.
Mar
I % Feb
21%
vvv
4
6,400
'
-
673V /:
67%
Improv't———No
Jan
% 63% Mar 12
7
26 % Jan
United Mer & Manu Inc v t c—--1
20,200
15%
153V
•
*178%
:VvZ
8
7%
*40 Va
'
37
:
663V
18 %
*109'%
109%
*36
40
66 3V
6%;
17
109 Vb
'32%
*37
15%
10%'
6 %
5%
91%:
15
66 Va
*178 Va
*176%
16%
15%
66 %
67 Va
41%
5%'
91%
'■V;
7% Jan
2% Jan
1.300
8'/a
91%
Gas
$5 preferred——,
•
2,100
■
v
47-8
83V
14%
41%
5%
V:
25%
24%
.
4%
16 3V
35
34%
United
54,300
"
"7%
7%
.
91%
413'a
*41 Va
,
15%
*176%
73V
7 Va
8,300
-
v
:
66%
66
66
65%
*176%
:
107%
107
..
24%
8%
,
91%
91
16
15%
64%
.Apr
16
——5
Cos
89
v
Jan
.
United Eng & Fdy——5
United Fruit Co—————No par
8%
"'\
Electric Coal
ll
Jun
104% Mar
38% Jan1
10
United
wiar
23%
18%
_——i~> 100
_
l.ioo
4%
8%
1
16
1.06%
23%
24
23
■V
2-
5,400
"
91V2
*90 Va
/V 1063V
106%
106
106'%
22%
4
6 %
7 3V :'*• 7 3'a '
100%
5
32%
A."
21% Aug
7
64
64%
2
16
21
2
6%
6% X 6%
;.
27% Feb
34% Mar
112
Jan
-
Dec
81%
Jun
55%
,_No par
Dyewood Corp—«:
Jan
16%
74 Va
2
il Jan
Preferred -
108
4
Mar
25
109Va Jan
17% Jan
United
loo
Dec
Nov
May
"
Jan
113%
85'/+ Nov
P'eb
7% Apr
9% Mar
United Drug Co—-—-1
: i,2oo
.
9%
83
63% Jan
•;
22% Mar 19
"185b Mar 18
20
;
—No par
32%
6%
32
64
64%
6%
8%
8
8%
*90 Va
x63 %
5
5
5
43 a
..
32
*106-
106 Va
22%
6%
32
:1
5%
5°
*45
i
"
100
Fast Corp.
May
10
.
Apr
8
Jan
preferred-;—No par
63
9,400
9
5%
5%
48%
6%
32 Va
64%
6%
6%
7
6%
6%
31%
6%
'
22 VB
T'-''
■
31%
64 %
*105%
,
48
47%-
5%
48%
5%
48
9
9
8%
9
*5%
63 %
31%
63%
31
31
63%
8%
6'
7%
;
8%
9 Va
v
6
49 Va
*47%
7
,
4
17%' Jan
16
par.
Co———No par
Carbon
United Corporation—
61,100
2438
23%
23%
% .3
13V
Co——No
preferred—,——
United
21
93! a Jan
Transport————3
Biscuit
190
VC
25% Jan
.5
preferred——-100
conv
Un Air Lines
100
1
—No par
United Aircraft Corp„
3,200
48,600
63
1%
79%
24%
100
'—
Tank Car—
'
*
9
preferred
113
/ •21%
"21%
22%
4 %
Union
Sep
"
100.'/a Mar
18% Mar 12
2
•'.
eoo
•
-
13% Jan "
80% Jan'
*62
64
V
i
18%
18%
par
7 Vb
11% P'eb 26
—25'
l.ooo
.
ks:
No
California—%
of
Union OH
10,100
.
;
series
Mar
51
Union Pacific. RR CoJ———100
*111
1133V
•'
*20
.
"/'
18%
*111
■
V;
33%
100'/a
21%
18%
20% V
22%
24
33%
21%.
;'
3
Mo $5
$4.50
Preferred
: 1,500
.
:%/'
100'A
*63
1 \
27
100 3V
21%
64
l
"V
85%"
33% '34%
1003V
1113a
85 3V
■
27
27
r
18% " /';■
20%
,
Union El Co of
•A 6,000
,
& Carb-——No
Carbide
Union
270
8i% ;
■
90
27%
85 3a
*85
.
•"
92
213V
*63
IVB
"
•
34%
111%
207/b.
,v:.
J.8%
18%
18%
%'
10038
18%
64
111
18
27%
19%
111%
,110%
*91
85%
33%
183V
111
Nov
21% ;Jan
42
40
Nov
6
30
Paperi.1——No par
6,200
Oct
26%
.;U
Union Bag &
23.900
Nov
7Ve Aug
16
8% Mar 15
5
•
17
:
Nov
71
Jan
5
8% Mar 13
-
Dec
2%
Jun
7%
x30% Mar 12
Jan
Co——w—L1
Jan
15
Under Elliott Fisher Co——No par
117
91%
100
.'■V
81%
*115 3V
82%
12% Mar
1,200
,
10%
117
82
.
18 %
Twin Coach
"
'
203V
:
io
;
.
82
il8%
27 3V
100%
19%
i
*115%
85%
•-
1003b
17%
10%
111
*110'/a
18%
34%,
33%
18%
8
v
io',
117
91
27
19%
100 3b
•■,*
86
27
26%
34%
33%
100%- 100 Va
19 Va
19
343V
33%
,.v
91%
92 Va
273V
100
91%:
92 Va
92%
27
.
18%
47 %•'
82%
82
110%,
110%
18%
*85%
92
■
110%
18 Va
47%
10
9%
*115%
116
110%
a
'/
82
81%
116
47%'
47 Va
Dec
7% May
8%
xl8 Va Mar 12
4
4% Jail'
67 '
.?
'
*47%
:
Jan
6%
6,600
-
48
v.
•49
43%
'Jan
4
3 % Feb
Jan
25
;
1
6
Jan
12%
par
preferred—_—'—.No par
City Rapid Trari—No/par*
preferred—j———i——-100
Twin
27 V
6% Jan.
$1.50
240
!
69
par
Corp^--.——No .par
Ceh Fox Film Corp—-No
20th
£ 1,400
8%
x47%
1
.
/
.':.v
1
preferred———No
$6
Truax-Traer
1.400
-
8%
16
8
14,900
V
71
*69%
71
8%
Mar
47
4
*"v.
•
'
-8% Mar
20
6% Jan
•;•••'
''
Mar ,13
13
40% Jan
'
c
*69V«
8
5
290
17%
8 %
8%
Nov
Jan
Mar
3,600
30
71
*69
v.v.
15%
8%
18
-33% Mar
V
7%
18
5%
8%
Nov
100
12
700
-
30%
*30
:
Jan
'. 1 Va
2
"
A- 7%
7%
Dec
27%
44 Mar
4 2.
Ac
82
82
82
9%
17% July
v
9% Jan
V
x82 V
Jun
3%-Sep
28 Vb Jan
—2
1
15 Va
17 V*
.
8%
8%
7%
18%
303V"
30
70 Va
5% 1
5%
70%' "70J/j
18%
*14%
3%
Mar
July
94% Jan
11,700
19
15
7%
Feb
'
—10
4,800
18%
843V
Jan
34%
5 %
23
Dec
Jan
<
4%
2 Vb
Mar 18
24
4
:
Mar
52 VB-
Apr
—10
Axle—
Detroit
^
*14%
7%
9% Jan
3
Jan
Jun
3
Jan
30
Oct
9%
42
May
3%
16
.29% Mar 16
2"
Jan
16
par
Water Associated Oil——
t$4.50 conv
Ttmken
'
70%
"
5%
■
■
7%
14'%
■
$3.50 cum preferred——Nf
Tide
2,100
■
v.
18%
84
:
■
8 Vb
./
4
V
2 Vb
41
-5
Mar
Oct
.
24%
Sep
Nov
4%'Mar
5
I Va Jan
5
34%
25
38% Mar 18
8% Jan
—
7% 'Jan
23
6% Mar
2 '
Jan
3 '
Feb
4% 'Mar 16
26% Feb
650
18
■
3VB
85
7®b
17%
18 V«
30
,
Dec
/GO
—23:
10,700
-
14'%
V
3 3V
84 Va
8%
7%
8
3%
84 Va
a 3'/b
3%
3%
*83
.
8
7%
8
7%
V
Dec
8%
1,500
31% V
46 3V
32%
46%
8%
Apr
4Va
preferred—,—-No par
99'A
32r:'B
37%
9,200
12%
993V
46%
8 %
-
12%
32%
'
17%
4,300
Apr
5
par
3% Nov
Apr
"May
8% Feb
No par
Thompson-Starrett Co——No par
(J Ri
Thompson
14,700
12%
97
8 %
1
1
2%
Transit Corp.-No
Avenue
Thompson Prods Inc..—
1.500
23
2%
22
24
98 Va
12%
96%
"18%
/."v
3
2%
23
12%"
12%
97%
11%
Third
2 '
27% Mar 12
6
33 % Jan
—10
$3 dlv- conv preferred—I
-
i
Dec
.5
7
■
Jan
42%
28
8
Jan >'
4
9%
Apr
15
.41V
Jan
52
Oct
May
.
16
% 9% Mar 12
5
2% Jan
100
30
Nov
Nov.
Feb
7
Co—•—r_———4—1
7 Va
1
Mar 12
5%
Feb
12
Jan.
4
5"% Mar 19'
17% Jan
35
35
10 :
-■6% Jan
-—100
CO-A„—'—No par.
preferred;.——No par
Preferred
Thermoid
500
f-
'
98
12%
97
18%
'V.
9%
12%
12%"
97
'
150
.
conv
Mar
•
Jan
:40 •
5
7% Jan / 7
The Fairl_——A———No par
.
V
1,100
97
13
97
"
go
.
i
29%
29 3'a
$3^60
'
12%
•
*9
29%
29'/4
29 3'a
2
36% Jan .13
Pacific.Ry Col—
Thatcher. Mfg
11,200
v
4
♦3 Tb
9%
*9":-
9 %
*9
9
•
4
4-"'-.
4
3%
•
Vb
29%
4
*8%
38%
*38
38%
38%
Texas Si
140 V
'l
6%
6 Vb
6%
11
48
-%
Apr
-Apr
ivb Mar
5% Mar 16
8
8% Jan
4
32
9
Nov
5%
3% Aug
; •
7% Mar'' 6
42% Mar
2
Pa'cific Coal & Oil—1—-10
Pacific Land Trust—
800
V
:
9
3 Va Jan
Texas
'
4%
60
60
2
Jan
8% Jan
Texas
1,000
40 Vb
4%
4%
65
25
Jan
41% Jan
5,900
10,200
7% Mar 12
3
Produc'g Co——No par
'
,
5 % Jan
Sulphur—1——No par
4
:
Jan
35
——9
Corp„_—;————5
fTh'e>—w——---25
Texas Co
:^
40
41
x6
%
J.
Texas Gulf
7%.3
7%
7%
*4
38%
♦38
38
26
*60
6
6%
38
38
"
•'
6
6
V
'
65
2
1,300
87V
*40
4%
*4'/a
•60
V
60
41
*40
40%
4 Va
4
60
6
5%
5%
5%
4
60
*58
60
*58
*39 %
41
•
3%
3 Va
*3%
4% Jan
Texas Gulf
9%
8%
7%'
25%. Dec
3,600
•
8%
25%
29 Va
15% Aug
'
.9%
'
19% Mar
30
12,300
"
39
8%
25%
26 3a
25%
24%
25%
53V
5
*9 38
'
9Va
18
26% Jan
10,200
38%
thare
per
33% Mar
400
46 Va
-?
38%
Highest
,
8
Tennessee
10%
1042,
'i,
thare
I per
8
5 Va % partic preferred-.:50
Telautograph Corp————5
46%
5%
38%
9%
38 Vb
■'
■
4%
38%
5
38%
r |
f per share
than
29
200
_c_
•'
•
.<Lowest'
Highest;
22% Feb
Talcott Inc (James)
500
M
5
10%
46 %
Pol*"
>; '
'.
<
Sylvani»: Elec frad'k Inc2—No par
Symington-Gould4 Corp
-1
6,900
63V
42
*4%
5
3'a
*4
6%
*41
*10 Va
A
I per
Year
Since January!
Range
'
Swift International Ltd——2:
5.200
24
6%
7
42
10%
..•46%
47%
7
*41
5
*4'/a
10%
47
6%
38%
4Va
5
5
5 %
10'! 4
5%.
*5
5 '/a
10%
: 6.200
6%
6? 4
*41
33 %
23%
42%
6%
7
42 %
*41
42 Va
*41'
42 Va
6%
7%
*6%
7V»
*6%
*41
23%
6%
'6%
6 Va
6%
thare
per
32%
33 %
x23%
7
I
share
32%
23 7V
32%
24 Va
32%
24 %
f per
/.-A,
Lowest
AAiu.*.
Sharet
for Previous
Range
.
EXCHANGE"$••;
the Week
Mar. 19
Mar. 18
Mar. 17
STOCKS
-
i NEW'.YORK-STOCK t%r
for
Sales
Friday
Thursday
Wednesday
Tuesday
Mar. 15
*tard*y
PRICES
HIGH SALE
LOW AND
•
Monday/March 22, 1943
FIN A NCI AL * 0 H RO HICLE
THE COMMERCIAL &
1058
9% Mar 18
6% May
19
16% May
33% Mar 13
21% July
25% Mar
Oct
96 Vb Mar
138
Jan
10% Mar
25
Apr
W
8%
22%
*
22 %
22 3'a
22%
22%
103%
104%
103%
103%
*103%
For
footnotes
see
page
1059
8%
22 3
4
104 %
8%
8%
8%
8%
8%
*22%
22%
*22%
22%
22 Va
*103 %
104%
104
104
103 3
a
22
Va
600
103%
300
24% Jan
4
—No
par
7% Jan
5
Walgreen Co
4—-No
4Vt% preferred with warr
par
20% Jan
2
Feb
10
Wabash RR preferred
Waldorf System—
100
100
103
8% Mar 10
22% Mar
15
104% Mar 11
,
97Va
30%
Jan
7%
Nov
Apr
20 %
Nov
Jun
102 V«
Oct
6% Mar
16
•
Volume
^THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
NEW YORK STOCK
LOW AND HIGH
Tuesday
Wednesday
Thursday
Mar. 16
Mar. 17
Mar. 18
$
I per share
$
per share
shan
per
l
per
than
t per
Friday
~
Sain
-
Mar. 19
7%
7%
7
44%
44%
44
44
43%
43%
17%
17%
17%
17%
17%
18
'17%
18%
9%
8%
9%
*8%
9%
8 Va
8%.
*8%
9
*8%
8%
2%
2%
2%
2%
2%
2%
2%
*2Va
2%
*2
2 Va
17'A
*9%
2'A
40
40%
40
40
10%
18%
*17%
*14'A
15
*14%
*22%
23
22%
*17%
'
4-
23
.
:
18
31
10%'
10%
81%
80
80
*29
31
-
«m;,
18%
18%
18%
Ward Baking
Class
$7
$3.85
100
•
31
"4%
22%
23
22%
*73%
.
18%
,
14%
*22%
,i
75
•
•
14%
14%A
i
23
23%
a.oooi
*3%
M
•1,000.
22
22%
1,700
75 Va
75 Va
)
'3%
-
4
22%
*74
Va.
18%
4
4% Jan
5
% Jan
4
26
Jan 20
No
par
!,—No
par
50
7% Jan
3
Pictures
Bros
preferred-—
500
300
^an
2714
18
15% Jan
-—-.—5
10
40% Mar
:
Snowdrift—par.
Nov
8
18% Feb
5
.43sFeb
6
Nov
1
Nov
Feb
24%
Nov
8%
Dec
80%
Oct
Oct
x65
29%
Apr
May
4%
27
8
Oct
Jun
16
2
15'A Mar
16%
% May
39 %
Jan
13%
26
Jun
12
Jan
14
Oct
11 Va
1%
23% Mar 19
"17% Jan
4
C9
Jan 21
$4 conv preferred—i——No par
Nov
41%
2%
23
31% Feb
,
thare
5%
31%
10% Mar 12
Jan
Highest
t per
Apr
8
83
4
Wesson Oil &
8
2% Mar
.5
100
Mar
1912
Apr
13% Mar
17
4
12% Jan
Wayne Pump Co—17% Jan
Webster Eisenlohr:
—__N<? par
~ 2% Jan
Waukesha Motor Co_;
Mar
3%
13
7
18
$ per share
7% Mar 12
45 Va Mar
79% Mar 12
Fdy & Pipe
i—__No par
Washington Gas Lt Co
No par
23%
*14 %
2
15% Jan
Lowest
t per share
12
Warren
.
75 Va
15
23%
4% Jan
38% Jan
No par
Co cl A
par
No par
B
Warner
70
J per than
Previous
Year
Highest
No par
preferred
21,200
22%
*14%
(H)
Div redeem preferred
500
39%
*29%
Good & W Ltd
400
10%
39'A
Co___—______—No
Walk
1,000
40
*23
K
.75%
44
*17%
Lowest
Walworth
10,500
7%
44
.
10
*78%
4%
*22%
.
7.%
,.
v
v
v
4
*72%
-
75%
:
.23%
.
7 Va '
40
10%
80
*30%
14%
23
4
*22%
75%
:
9%
80
18%
14%
•
22%
:*72%
23
23
18 %
18%
14% ;
.
4
4'A
'72%
30%
30%
40
*38%
.10%
81%
30%
80
*30%
41
10 %
10%
80
30%
*30
*38%
*78%
10 Va
81
10%.
7
7 Va
Range Sinee January 1
Par
1,800
17%
7%
7'A
*44%
Range for
YORK STOCK
EXCHANGE
500
7%
45 Va
*79'
NEW
iharesr
I per shan
shan
for
the Week
45
7%
44%
v
STOCKS
Monday
.
Mar. IS
RECORD
PRICES
Mar. 1ft
Saturday
,
SALE
1059
Jan
18
Nov
Jan
3
July
Feb
19
23% Mar 12
15
May
20%
Jan
75 Via Mar 19
59 %
May
x71 Va
Nov
4
4
11% Mar 19
78
Mar 10
4
91
■
"
10%
10%
10 %
75
70%
76
76%,
76%.
76%
88
88
88%
88%
90
90%
*10%
*76%
*113%
*76%
79
114
14
106
23%
•
_*8%
.8%
.
3%
8%
113%
112%
112%
;
.
14%
23
*
-
107
'
14 Va
3%
A 3%
8 %
la
1%
H
33%
31%
32%
20%
20%
■■
2.500
'3%,
3,100
Western
8%
1
1,000
8%
-IS
220
I
107
3%
8%
,f.
\k
170
•»
2,800
Va'
Maryland
2d preferred
4%
42,800
30 %
31%
12,600
Western
19%
20%
20 7"
20%
7,800
1
•'
10%
Nov
Apr
91
Jan
41%
Apr
104
Jan
Mar 19
Mar 12
36
Apr
93
Jan
102
May
15
Mar 6
106V* Mar 16
97
2
43a Mar
2
8
80
xll4
24
2
Mar 16
preferred—100
Western Pacific 6%
32 Va
7% Aug
34
Mar 17
5
5
2
67% Jan
57
Jan
109
Jan
11% Jan
103
Jan
" "19
Jan
____100 A
2V4 Jan
;—__100
5% Jan
preferred
preferred
x31%
-
50 Va Jan
22%'
120
l
T4r%
♦106%
3%
•
*8%
%
32%
3 Va.
-
El class A___
—_____-100
6%
_•
,_^._^_100
West penn Pr Co 4%% pfd_;
100
West Va Pulp & Pap CO;
No par
6% preferred
■
100Western Auto Supply Co—
10,
113%
.;■■■ '227-v
•
Penn
7%
' " 8% Jan
Indies Sugar Corp_
West
'
80-
" 14%
.
22 %
West
180
320
90
113
107
22
8,600
1
1
No par
11%
77
a
79%
14%
•
♦106 %
-
..
8%
8%
3
881
79%
22%
"V
11 Va
■'*74%
"
90
79%
*106%
3%
,9%,;
%
SO
78%
*14
14%
23%
4%
8%
3
14%
11%
91
113%
1.14
23
77
77„'V'
10%
76%
78%
.106'A: 106 %
.
23%
4
4%
3
106
22%
■
10%
*74%,
10%
89%
■
79%
113 */2
V
14%,
"14%
4
'
114
106
23%
10%
*78%
79
114
14
*105
10%
10%
2
4
33%
33
33%
21'A
21%
21
21%
'
20%
21%
.
%
■r
\
87%
87%
124%
124%
34%
34%
*34
28
28
*27% .'28
V '
108
*107%
•'
88
87%
88%
86%
124%
34%
34
52
*50%
88
*87.-
28
.*107%
55
*87
'
88
}.
*108
55
'
55
*87 A
.88
21%
*21%
21 %!
66 %
•66%
•
;
124 '
;
;
'
■
33%
28
"■
'
4V'a May
% May
9'A Mar 15
:
27 V2
4
4
21 Va Mar
13
89'A Jan
30
124% Feb
17
109
3
23
Apr
32
Mar
13
22
Mar
108% Mar
4
88
*87 7
*50
r 88
*87
88
21
21%
66
*66%
17
17
*16%
18%
18%
*5%
'
21%
66 7
'5%
'3%
%
*52
*4
;/■
4%
52
52
55
5%
•
-
21%
—65%
66%
16%
17
17%
17%
.5%
15%
\
24
.
3'A
.314
4'A
■&.
18%
5%.
:■
5%
<
*3% >: 4%
54%
54%
-
*
.
10%
V.
4 '
'f
*16%
-■*
*3%.
-
•
<■
.'•A'3%
3%
v.
V'*S:58'a
r
30
-
1,600
,
I 200
•66
•
"; 17-
; 7"*1034
23
33/3
~"3%
-7.
•4%
AA
V. *3-
:
6%
6
71
*10%
'
■
•'•6%
>
'■
200
70%
.10%
71%
*10%
*,
*114
10%
*115
' 6%
71
..
72%
-
•
-
4 VeV'
!
4Va
6Va '
>•
' ,".72
10%". 10%,
72'
*10%
100% Jun
Jan
Dec
31%
Jan
108%
Oct
80
18
Jan
2
58% Jan
5
15
Jan 14
67
Mar
17
Feb
16
13% Jan
2
19% Feb
27
12
Jun
15%
Jan
par
3% Jan
5
5% Mar 11
3
Mar
5 Va
Nov
2% Jan
8
Apr
3%
85
7
Spr Co_—No
preferred—1.——No
conv
Jan
22
Mar
Wilcox Oil Ac Gas
500
" " 2% Jan
r ' 2 Va Jan
Co—J,—_5
"Wilson & Co Inc
Jan
' " 4'A Jan
18
Dec
50
Apr
July
93
Jan
4
17%
Dec
27%
Feb
8
58 Va
Dec
69%
Jan
12% July
15 Va
Dec
$6 preferred
2,300
"57% Jan
Wisconsin El
9
t-_——10
6%
Pow
pfd
Jan
115
11
6% Mar
;
72% Mar
10% Feb
8
Jan
Dec
2%
2%
Oct
4%
Apr
8 %
Dec
3%
4
Apr
1% Aug
Sep
6%
Jan
Jan
51
5
Sep
'30% Jan
2
73%
Jun
110%
Dec
25
Jan
8
22% Feb
9
Jan
22 Va
107%
26
16%
16
115
Jan
53
Apr
1%
8
11
Mar 12
4V« Feb
'
May
15%
3
35% Mar
Jan
17% Jan
^-100
40
16
,3% Mar
4
27
—No par
Wilson-Jones Co
100
1%
4
24'A Mar
2
8
No par.
54% Mar
2
<2
6
-
^
:4% Mar
40
Jan 15
" X2OV2 Jan 19
par
preferred————20
Willys-Overland Motors—^.1—1,
6% conv preferred
10-
11
28
1
Min
Rock
Prior
*
'■,*115,»''''%>-VV':'^*ll5:V,t:-:_7
"■
Dec
Va
Jan
4,700
6%
■
$4
90
10,000
•
83
127
89
9,200
-
Apr
Aug
63%
9
White Motor Co
i 300
'• 3%'3%
Oct
Feb
',
j
.
Sep
19 Va
13% May,
42%
White
>'
2
30
Mar 17
White Sewing Mach Corp.———1,-
■
Feb
$5
2,600
22 %
34% Mar
106% Jan 15
52
Mar 13
3%
io% V-10%
'■ >
$4.50
4,600
*52%:,'" 57
io% •>•;
.
4
—
1,600
3%■' '
V':
Elec
-5»AV
•' 22 3A
t
'.■:
V 4 Va
•
.
:"6%
hJ
.
'
v.; ;>3%
-
4
•
10% :•:. ■ .7.719%
10%
1
;
57 i» .f,»^
26 Va Mar
preferred-.
18%
5»A
*22 % i 24'::
2,
.
5%
«•'
*52%
':
3%
;•, '.
-
12
-preferred
:
No par,
Wheeling &"L Erie Ry Co__
100>
5 V» '/• conv preferred^
_100
Wheeling Steel Corp—^
No par
$5 conv prior pref
No par
White Dental Mfg.(The S S)__
20
7,1 '
'
21-
!"v- 66
*3%
f,
52
23
4%
10%
6%
71
'115
;21
•
18%.A;'!, A-.'IS'Vb-'
17%:
3%
52 V7-'
' v
;
10%
'
6%
10%
*10%
24
V
4
12
71%
10%
•
17
;
6% ■I
71
71
10%
f
*22%
4%
10%
6'%
*10%
*115
•
24
i
':*3% <" 3 %
4'A
"v 10%
6%
*22%
•
'A
21
'
66 •' -A 66 % V'-/.
,7-7'
:
*22%
21
:
•
,
2
5
Jan
Westvaco Chlor Prod—_——No par^
:-t,
Xl7%
18%
5% /
4%
-•
v17 v'
18%
20%
1
16%:
67
16%
Jan
Jan
31
300
•'.-?
'
*
81
120
Weston
140
54 Va
•
—50
50
1st
600
27 Va!
23 Va
Jan
8VA Jan
3% Mar
337« Mar
Instrument—_.:_12.50
210
* 108 % '108%
54%• 54%
Westlnghouse El & Mlg
3,900
'
34%
■'
Westinghouse Air Brake_____No par
3%
4
:. 26% Jan
1514 Jan
Telegraph—,-^.100
Jan
Dec
20
.•
...
'■
124Va
*33%
'
•
>'
87 '
"
124
•
•
* 108%' 108% -* • -
V
.
86%
124
■
*27.-'
.
%
-
87
•
•
33%
108%
55:;.
;
*87
:
28
86%
■
,
34
*26%
•■i
108%'
*50%
87%
124%,:
33%
34
OR
i
108
108
.52
;
87%
*123%. 124%
,
124%.
124%
Union
Apr
Feb
18
104%
7
'
33%
\
Sep
Sep
12% May
Mar 12
113% Jan
Oct
:
-
*21%
34%
4
35
*49%
50%
50%
*50%
129%
51%
99
•'
99
•
V 69
*67
*49%
'
99
■
.
v
*133 '
50'A
51%
*98%
.68
68
,
50%
51%
•
7
'■:*
20%
68
21 >
34%
1'
135
*125
99
A; A 20%
21
35%
v
34%
20%
21%
138
*124
129% 1
21
>
35"
♦133%
140
*121
34%
20%
21%
>21 %
*127
.;
*21% 1 21%
22
20 :
133
123
129%
35 Va
■
20%
135
'
127
68
49%.
98%
'"
68
7
•*
1
21%
34%
-'
-
.-
21 Ve
•
35 Va
-19%
.
20Va'
'
*11.2
-
49 Va
•
99
'
*49
•
51 --v-r
*50
.
»
99
-
*67 Va
-
" v
1%
30
7
(
23% ,;/23%
16VA
;
24% X '
;*24
«
16%
16%
*123%
125
24
24
16%•
16%
16%
125
10%
10%
35% ;X^:;: 35%
87
'87
12%
12%
12%
12%
10%
353,b
87
12%
25%
25%
24%
25%
24'/«
3%
3%
3%
3%
,3%
10%
35%
36
87
,
*123%
25%
3%
10%
«
23%
-.16%
,
,t; *>123%. 125
.;
87
.
:
•Bid and
reduced
from
•
.
.
.
asked
100
10%
10 Va
35%
■
10
16Va
10%
12%
.
87 3a
12%
25
3%
shares.
23
10%
'10
24%
A
12%./
25
3%
■r
t In receivership.
-a
-tyv24%
3%-,/-
V
Deferred delivery,
(Del)
t5Va%
Sfocks,
Saturday.
829,830
—
Monday
andMiscel.
1,365,420
—
Total
Bond
Bonds
.
485.000
$5,000
r
Cash- sale.-
,s
>
.
;; 4,800
23,029,000
653,000
20,507.800
842,000
14,480,000
669,000
17,500
1,065.330
16,374.000
597,000
f 1.500
6,421,620
—
104
Jan
68% Mar 16
39
Apr
62
Jan
15%
Jan
1943v
'
.
U.
shares
' !
•'
!.•
S.
of
'
7% Jan
Feb
10
23%
Oct
26
10%
Apr
14%
Nov
1
111%
Jan
121Vs
Dec
4
Nov
Mar
5
10% Mar 13
Apr
7%
Jan
6
36
Mar
6
28%
Jun
37%
Jan
4
88
V2 Mar
1
78
Jan
87
Oct
May
12%
Jan
par
9 % Jan
2
13 Va Mar 12
7
par
19% Jan
12
25% Feb "15
8%
Feb
1 Va
May
2
x
Ex-dividends,
y
2
Jan
Ex-rights.
3'A Mar
6
Railroad
Shares)
;
Exchange
678,000
243,000
¥4,000
925,000
715,000
19,000
28,000
762,000
652,000
92,000
4,000
748,000
;
"¥000
720,000
$38,000
$4,387,000
723,000
8,000
$3,898,000
748,000
25,000
710,000
$451,000
188,255
214,920
>
;
■
$106,965,600
1,549,295
—
Jan. 1 to Mar. 19
"
1943
1942
•
1942
of
;
:
.
1943
1942
1,549,295
shares—i———
379,090
14,277,657
4,736,650
$3,898,000
Stocks—No.
27,098,814
>
Total
$484,000
317.150
:_____
•/..
Foreign
Corporate
$64,000
299,360
'Thursday^———Jl—-wij
>•
$420,000
297,200
——
u___—
Wednesday—-.—r————
Friday
Foreign
Government
$4,342,000
$46,590,000
$41,867,000
39,000
2,227,000
903.000
8,000
78.000
277,000
$4,389,000
$48,895,000
$43,047,000
"
,*
$28,800
$630,150
2.407,000
56,887,000
$106,965,600
—
$182,000
103,441,800
Industrial
Total——
Dec
Jan
Bonds (Par Value)
Domestic
232,410
Jan. 1 to Mar. 19
' 65,234,829
3,495,000
.——
&
2%
f Unit of trading
H Called for redemption,
.> 0/
V
________
Monday—,
Tuesday.^
16,972,500
Bonds
Government
Foreign
20
Jan
7
Week Ended March 19,1943
Saturday,
15,166.500
.1943
A
1,851,770
Jan
30
-
Sales
23,686.800
;
$28,000
,
1942
6,421,620
Va
16% Feb
25
126
Week Ended Mar. 19
Stocks—No.
Jan
57
Jun
tStocks
21,349,800
$3,495,000
Week Ended Mar. 19
54
Jun
80
,_No
Special sales,
"
..."
$103,441,800
«>un
44
(Number
•
——
••' 42%
8
Mar
'
21,87.6,100
1,026,680
J.
Total
Mar
No
Zenith Radio Corp—
$7,913,900
865,910
Friday
117
82
'
'"-•*
1,268,450
—
Wednesday—
Thursday:
Nov
100
'
'
Tuesday
106
No par
\
$249,000
21,386,100
July
Transactions at the New York Curb
Government
,
Bonds
'
Jan
125
Daily, Weekly and Yearly
Foreign
$7,664,900
Dec
21%
Nov
100
2
Zonite Products Corp.
Stock. ?
United States
Bonds
31
117
Mar 17
50Va Mar 16
51% Mar 16
13
12
Youngstown Steel Door
Exchange
Railroad
Number of
Shares
"wee# Ended March
21 Va Jan
12% Jan
—No par
Daily, Weekly and Yearly
'
Jun
14%
Mar 17
'
118 »A Jan
preferred series A
8,600
,
par
1
Youngstown S & T
3,400*
n New
No
88
Jan 15
58% Jan
4
—100
Young Spring & Wire.
6,000
3%
>
Transactions a! the New York Stock
Jr
Preferred.
310:
25%
3 V*'
125
Yale 81 Towne Mfg. Co——25
-
13,200:
'
,.
(Wm)
Yellow Truck & Coach cl B
180
2,600
87 V2
11%.V'.11%'■
<
Wrigley
5°0
1,200!
/ .; i
35%
87 V2.
'
109
Feb 24
44% Jan
9
46
Jan
9
21% May
21% Mar 12
Jan
24
•.
10,800
■
10 Va
>
34'A
87 VA
11%
3%
16%
*123% 125 v.
.
87%
....
23%
16
>■-
125
34% : 34%
'
:
23
.16%
'
J.0%
35Va
87
11%
24%
.
x23
:16
...
*123%
34'4
V-:
87
prices; no sales on this day.
to
23%
125
135
Prior pfd 4%% series—^100,
Prior pfd 4»/a% Conv series
100
Wright Aeronautical.
No par
140
69
112% Feb 15
'
77f 300
.'.•*
125
600
preferred A
* I6V2 Jan 20
100
6% preferred B__
i
50 Va
10.
par
100
30
j
130 ••">,
49-%.:
'68
Co——
I
*96% ' 99
69: 7 %
■
:.
50%
7
•
Woolworth (F W)
10
i
"Worthington P & M (Del)—No
3,400
*125-140
1
Woodward Iron Co
700
11,900
-
T;.
50
51%
98%
"
130s
*112-
51%
"•'
20 %
*120...
•'!'
V <
68%
19%
:
'f 125
•:..AV.49%
50%
51%
99
*26%'" 22 V'"-34%" ,,35'%< 7
X
$59,476,000
'
Domestic
26,878.500
31,262,000
861,329,200
505,470,000
Foreign government—,—r_—
Foreign corporate
_1__
listed
011
are
the
daily closing
$4,387,000
Averages
averages of
representative stocks and bonds
-Stocka-
-Bonds10
Indus¬
Date—
trials
13_,
_
March
15—
March
■,
16—
March
IT
March
,
,38,000
the New York Stock Exchange as
compiled by Dow, Jones & Co.:
30
March
451,000
$888,837,850 - $539,500,000
Slock and Bond
Below
Bonds
$2,768,000
19
_
18—
March
_
-
_
—
_
20
Rail¬
roads
130.73
32.69
15
Total
Utili¬
10
-
Stocks
;
First
Indus-
65
ties
-
10
Grade
Grade
trials
Ralls
Rails
107.20
98.19
61.30
-
.
10
Second
-
ties
_
Total
Utill-
40
1
■
Bonds
'
17.90
44.68
110.46
.
94.29
130.64
32.58
17_69
44-58
107.20
98.06
61.44
110.36
94.27
130.33
32.43
17.53
44.42
107.22
98.25
61.50
110.34
94:33
129.49
32.09
17.32
44.07
107.15
98.15
61.29
110.27
94.22
129.66
32.09
17.43
44.14
107.10
98.24
61.30
110.40
94.26
129.25
31.61
17.34
43.87
107.12
98.25
61.05
110.26
94.17
.
-
'
THE COMMERCIAL &
1060
Bond Record
NOTICE—Prices
"and
are
and defaulted bonds.
regular weekly range are shown in a footnote
Period" indicate in each case
interest"—except for Income
week, and when outside of the
the column headed "Interest
The italic letters in
Week Ended March
U.
19
Low
1947-1952
1944-1954
1946-1956
4s
Treasury 3 Vis
Treasury
1943-1947
1943-1945
-1944-1946
—1946-1949
1949-1952
1946-1948
1951-1955
—_1955-1960
—.-1945-1947
Treasury 3%s
Tret
3 Vis
try
4
,
3 Vis
Treasury 3Vas
Trea l iry
T
3Vis
Treasury
:
3s_
Treasury 3s
Treasury 2%s
Treasury
—
2Vis
2Vis
Treasury 2Vis
Treasury 2Vis
Treasury
1958-1963
——1960-1965
Treasury
2Vis
Treasury
2%S
Treasury
2i%s_;
__
—
—
2Vis
2%
1952-1954
Treasury
2Vis-
J956-1958
:i
1962*"1967
2Vis
——1963-1968
—
2Vis—
Treasury 2 Vis
Treasury 2Vis
Treasury 2 Vis
*947
—Mar 15 1948-1950
2s
2s
Dec 15 1948-1950
Jun 15 1949-1951
Sept 15 1949-1951
Dec. 15, 1949-1951
Treasury 2s
2s
Treasury 2s—
Treasury
2s
Treasury
Treasury
Treasury
Federal
2s—————————1951-1955
1953-1955
1 Vis
—June 15 1948
2s
Treasury
3s
New
York
104.22
el08.3
107.10
A 7s
.7
1-
100.10
*100.11 100.13
100.9
*100.7
—
; ' v-j:
*104.26 104.28
,
*101.12 101.14
*105.1
'
J-D
¥
:
Rica
J-D
—
17%
22
17%
18%
21%
20
21%
35
16%
21%
*6%
20
52
60
25 /
38 %
46%
A-0
'59
61
J-J
'59
61
A-O
>!
44Vi
45
A-O
Ll953
(Rep of)
.
52
45%
*30%
M-N
_-._1946
*30%
40
30 34
40
48
44
44
3
39
21%
Af-N
9
23%
F-A
.1977
J-D
4Vis
debt
wks
5Vis
23%
22
-j
iy
<81%
Vi
82
A-O
1952
A-O
1942
J-J
56%
55%
1955
F-A
54
53%
gold 4Vis
1962
A-O
*47
1942
Af-S
♦82
1940
A-O
1940
M-S
ser
gold
5Vis
1st
series
Salvador
1969
117
38%
of
(Republic of)
dep
A-O
1948
1967
t
J-J
1
38%
38%
30Vi
35%
57%
47%
58%
54V4
12
45
49 7/a
'
-
—
an
83
'
3
'
J-J
*22
extl 6s_
1945
M-S
*95
1949
J-D
97
97
7s
A7s
1
"1
'
1
'
Dart
15
9
15
12
16 Vi
68%
75%
1
62%
70
85
85
M-N
1957
1954
1954
A-O
J-D
16%' 16%
5
J-D
84
2
Irrigation—
stamped assented—;.
1943
(US) extl 5s of 1899 £
1945
AAssenting 5s of 1899
;
1945
AAssenting 4s of 1904
1954
AAssenting 4s of 1910
^
,
1945
lATreasury 6s of 1913 assent—1933
.
-
NY
Af-S
V
1-1693
16%
16%
17
16
A-0
16%
16 Vi
17
16%
16%
17
16%
16%
17
45
45
A-0
J-D
A
A Chile
A 7s
A Extl
A 6s
A Extl
A 6s
For
105
96%
84%
80%
59
78%
45
79
J-J
86%
85%
87%
26
82
94
M-S
85%
85%
87 Vi
7
83%
83 Vi
30
79'
97%
97%
V:7
96%
97%
97
97
1
96%
98
97
99%
99 Vi
51
48%
J-D
Af-S
46%
48
53
47%
48
48
26
89
89
3
83
89%
91
87
93
*80
Af-S
Af-S
F-A
*72
A-O
Af-N
J-J
A-0
1943
1961
1944
1967
1968
F-A
__
68%
73%
74
69%
72%
*72
73
75
70
74
76
78
72Vi
73Vi
79
*55%
108 Va
-71%
44
107 Vi
108%
101%
48%
„
107% 108 Vi
100%
100% 100%
103
103
23
6
101%
103%
100% 100%
5
100%
100%
100% 100%
45
97%
100 Vi
M-N
100%
100% 100%
14
97%
100%
J-J
*101Vi
J-J
J-J
J-J
M-N
——
A-0
A-O
101%
—
61
101%
102%
15
100%
101 Vi
*24 Vi
22%
*24
23 Va
25
22%
20%
-
23%
99
F-A
F-A
22%
23%
95
—Jan 1961
J-J
24%
24%
8
Jan 1961
see
page
:
1943
J-J
23%
24
M-S
y-s
„
23 Va
*24
*24
22%
i
fund 4Vis
12%
—
1064
cf
120
^
fe
25%
.
13
13%
9
23
25%
25
11%
—
40
13
—
.
18%
'L.'Y
I'
25%
18 Vi
25%
89%
6
.)
10%
89%
•
\
.c.
—
84
84
82%
4
v.
90%
90%
3
A-0
88
88%
1
F-A
*101
Vi
93
82%
100%
"2
100%
101 Vs
:
93%
F-A
21
85%
94
85%
10
77%
85%
84%
85%
93%
85-%
Af-S
84%
4
80%
84%
—
71
85
77
72
76
♦85
*70
extl s f 5s ser A-1963
Af-N
*75
Af-N
.-1970
1955
r.
92
100%
101% 101%
F-A
A-O
A-O
23%
(Rep)
39
80
:y=
1
1434
21%
17%
16
17%
125 "
13 Vi
16%
446
12%
16%
1961
A-0
16%
15%
16%
266
13
16%
A-0
A-O
*11%
A-0
♦23%
1968
A-O
14%
1950
J-J
1963
-1961
J-J
1960
Greater) 7Vis—1952
Queensland (State) extl 6s~
1947
A Rio de Janeiro (City of) 8s
1948
A Extl sec 6 Vis
1953
Rio Grande do Sul (State of)—
A8s extl loan of 1921
1948
A 6s external sink fund gold——1968
A 7s external loan of 1926
1966
A7s municipal loan
1967
Santa Fe external sink fund 4s
1964
ASao Paulo (City of Brazil) 8s
1952
A6%s extl secured s f
1957
IA San Paulo (State) 8s
1936
A8s external
1950
A 7s extl water loan
1956
A 6s extl dollar loan
1968
§ ASecured s f 7s
1940
Serbs Croats & Slovenes (Kingdom)—
A8s secured external
:
1962
A7s series B sec extl
1962
A Silesia
(Prov of) extl 7s
1958
A4%s assented
1958
Sydney (City) s f 5%s
—.—1955
AUruguay (Republic) extl 8s
1940
J-J
1A Poland
%s assented
i
AExternal sink fund gold 8s
A4
;
A4Vis assented
Aporto Alegre (City of) 8s_.
AExternal loan 7%s
AFrague (City of
AExternal sink fund 6s
18%
23%
21%
18%
23%
3%-4yij-4-fo
20
24%
4-4%-4%s extl readjustment
3%s extl readjustment
23%
4
21%
15%
AExternal sink fund
23 Vi
73 >V
106
21%
Af-S
75
tk
5
80
16%
3%s-4-4%s
18%
*105
Af-S
73
70
80
"v
17%
23%
24
79
J-D
23%
18%
J-D
73
*75
79
M-S
18%
20%
*•
23%
■
:
25%
25%
10%
'
12V4
*3%
J-J
J-D
(City) sink fund 4%s
20%
16
1961
1961
1961
5s
20%
23%
—*
Feb 1961
Sep
101%
101% 102%
*10%
M-N
1960
103%
100% 101 Vi
102%
J-J
1960
Sep
101%
100%
J-J
1953
1958
assented
100%
58
J-J
1948
sinking fund 6s„
78
29
100
78
Af-N
15
assented
91%
89%
1960
-1952
Feb
48
*90
15
6s
48
34
*87
15
assented
*
34%
87
J-D
1942
sinking fund
,
F-A
1976
1976
assented
f
ANat Loan extl s f 6s 2d ser
1
36%
A-0
12 Vi
9
13
(Rep of) gold 6s
—1940
A4%s assented
1958
AStabilization loan s f 7s—_—1947
91
%
84
(Rep of) external 7s
;—1959
ANat loan extl s f 6s 1st ser_—1960
94
81%
1961
f 7s
f 5s
s
A Peru
81%
34
1954
—1942
s
A
81%
79%
*98
12%
J-J
,
24
:
9Vi
1957
1958
APanama
88%
79 Vi
97%
*9%
F-A
Oslo
98
18
84
assented
footnotes
50
88%
1984
ARy external s f 6s
A 6s
42%
64
AExternal sinking fund 6s
A 6s
7
98
1975
s
V
97%
1977*
8s
External
17 Vi
79 Vi
Jan
(Rep)
17%
16
48%
1
(City)
16
79 Vi
Jan
Carlsbad
5
8
■
.
80
J-J
16Vi
82%
Py
(State)—
Wales
Municipal Bank extl s f 5s
17%
51
30-yr 4s___
Jan
15%
48%
f 4Vi-4V4s
-
6
46%
external s f $ bonds
—
17%
A-0
J-D
15
15 Vi
17%
F- A
Af-N
J-D
stamped assented 5s
—1963
Stamp mod 3 Vis ext to_—
1994
Ext sec ref 3%s series B——1967
APernambuco (State of) 7s
—1947
17%
16
15%
8
48%
.
_1—
15%
12
17%
87 Vi
98
M-N
17Vi
11
'
•
*80
series A,—
South
1944
-1956
External sink fund 4%s„;——1965
4s sink fund extl loan—
1963
17%
50%
10-year
3s
r:
!*•
•
13%
M-N
7s
6s—;
A-0
5s
3s
■.■-v 45
*534
*123/4
*85%
sink
J-D
Refunding s f 4(4-4Vis
2 Vis
25-year 3 Vis
7-year 2 Vis
30-year 3s
30-year 3s
2Vis '
i
15%
9%
Q-J
Q-J
J-D
External
'
'
1952
—1957
1958
1950
(Central Ry)
Brisbane (City) s f 5s
Sinking fund gold 5s_—
Sinking fund gold 6s
Buenos Aires (Province of)—
A 6s stamped
External s f 4V8-4%s
A7s
s
1
16%
16%
A-0
9%'
M-N
Af-S
External
'
1957
1957
AExternal s f 6Vis of 1927
(Dom of)
10
17
16%
Vi
'•
84
M-S
A 6s
1941
S A Brazil (U S of) external 8s
AExternal s f 6Vis of 1926
3%
16%
16 Vi
M-S
External s f 7s
*55%
1
•>'t
14%
1952
1959
46
;f.
•"
J-J
—1949
1955
1955
4 '
4--
1959
s
(City)
45%
44
46
J-J
J-J
M-N
f 6s
—
V- -V
:
*43
16%
J-J
1948
S f conv loan 4Vis
1971
S f extl conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927
—1957
External g 4Vis of 1928—
1956
Belgium external 6Vis
.
*90
*11
1958
external
AMontevldeo
Norway external 6s
*43
r;-;
..
1'
:■
f 6 Vis
A Sec
;
External
A-0
64%
ASec external s f 6%s
Teletype
External
F-A
75%
64%
A-O
14 Vi
',75%
75%
(State)—
Minas Geraes
&
S f external 4Vis
4s readjusted--
(Prov)
A-O
A4Vis
;
Members New York Stock Exchange
120 Broadway, New York
Municipal
Agricultural Mtge Bank (Colombia)—
AGtd sink fund 6s
;-i_1947
AGtd sink fund 6s_„
—,—1948
Akershus (King of Norway) 4s
1968
AAntioquia (Dept) coll 7s A
1945
AExternal s f 7s series B—
1945
AExternal s f 7s series C.
1945
AExternal s f 7s series D
1945
AExternal s f 7s 1st series—__1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
A Antwerp (City) external 5s
—1958
Argentine (National Government)--
Mtge Bk) 7s
(Colombia) 6%s
(State
*14%
AMexico
New
External
97
2
15%
1960
Mendoza
Wertheim & Co.
Canada
99
97
7
1964
1968
1952
1960
'.V
'
Foreign Securities
External read] 4%-4%s
18%
95
Mexican
/'
and other
s
27 Vi
:18%
paid
paid
Haiti (Republic) s f 6s series A
Helsingfors (City) extl 6%s
active interest in
South American
External
•
20
*97
1949
part
A6s
104
AMedellin
Govt.
83
■
'
'
•
99
stamped
"v
-
5
42%
(Republic)
Finland
72
83
72
•
*
t
%
27
AJueoslavla
103V4
51
*
Foreign
72
•
"3
■'
27%
82
72
--v
83
51%
69 Vi
■'
83
57
42%
f
Irish Free State extl s f 5s
2-2300
-
.
French Republic 7s
7s unstamped
103% 104
103 Vi
J-D
We maintain
REctor
117
12
__
83
,
82
106%
106%
1
38%
*82
83
103
72 Vi
105%
117
♦38
A-O
1969
ctfs
8s
'
W
72
A-0
1961
(Rep of) 8s
ASinking fund 8s series B
102 Vi
'
A.1951
Czechoslovakia
23%
101%
'•
'
J-D
SADenmark 20-year extl 6s
19
•
*106 Va 107
117
46
■;
101%
"1
*103%
J-J
._1953
32
30%
46%
_1949
loan
-
45
46%
*100% 102
external
^
30V4
:
*
•
■
*30%
■
59%
Greek Government—
1980
Telephone
v
wW
•
*102%
7s
5Vis 2d series
'
Issue—
Corporate Stock—
3%
.
21
49
•••
__
M-N
A El
102.27
102.27
22
18%
22
.
101.8
22
17%
21%
F-A
A Estonia
/
*102.16 102.17
*101.6
*18%
m
Af-S
5Vis
Af-N
17
27
'
22
.
§A2d series sink fund 5%s
102.28
102.23
22
__1945
,.100.9
*102.19 102.20
36
22
21%
1944
*102.16 102.18
—
21%
Customs Admin 5%s 2d series
103.16 103.16
100.16
4_
21
*18%
22
fADominican Rep Cust Ad 5%s
§ A 1st series 5%s of 1926
100.12
100.12
'•*.
22
1951
4Vis
100.28
20%
22
26
„
_1949
External
103.8
19%
17%
21
„
22
*18%
„
(Republic of) 5s of 1904
External
*100.18 100.20
23%
External
■
A
100.9
*103.6
I8V4
21%
22
F-A
104.3
*100.7
--
—
167
External 5s of 1914 series A
*100.11 100.13
■
23%
1981
Oct
J-D
*100.15 100.17
—
s
..1952
ACosta
*100.17 100.19
:
24%
>«^Jan 1961
f $ bonds___
._w_1970
1928—
APublic
100.28
20%
J-D
Sinking fund 5%s
*100.21 100.23
1
M-S
,_^..1947
104.6
*104.1
__
23'/.
24%
M-S
,___1947
Cuba
*101.17 101.19
:
'<
21
24%
22%
•-
i960
Mtge Bank 6%s
105.3
*104.3
100.21
104.30 104.30
101.25 101.25
—
of
3s external
100.18 100.31
15
100.19 100.21
\
High
'
19%
18%
1951
25-year gold 4%s
100.23
Low
3i
(Republic of)—
*103.14 103.16
100.13
l_1960
5s
ASinking fund 7s of 1926
ASinking fund 7s of 1927
Copenhagen (City) 5s
.
--
Af-N
Af-N
7s
(Hukuang Ry)
A Colombia
106~~* 1064)"
106.5
* 106.3
*106.12 106.14
1962
No.
23%
*18%
„
A-O
6s
January 1
High
22%
A-O
1961
Range Since
Sold
'
J-D
1961
Bonds
*24
J-D
1962
Cons Munic
,(A6s of 1927
104.10 •;
J-D
J-D
assented
A 6s
109.8
23%
___1961
Colombia
108.23
108.21
109.8
108.27
M-N
_Tl.
AChinese
loaTxs
108T5
24%
1957
assented
A Chilean
1
M-N
1957
AGuaranteed sink fund
104.26
107.6
107.8
el08.3
23 %
1961
6%s
assented
A 6s
A-0
1963
A6Vis assented
109.17
A-d
1963
sinking fund 6s
AGuaranteed sink fund 6s
llbX 110~U
109.9
10
1962
assented
A 6s
Week's Range
or Friday's
Low
A6Vis assented
*103.21 103.23
M-S
1945-1947
City
:
Last
Sale Price Bid & Asked
1952
ASinking fund
'
J-D
MS
j-d
j-j
1944-1952
Transit Unification
110.5
—
—
Af-N
—
*110.2
:
•
Corp—
xl»/aS series M
106.8
*106T8 106.20
—
Ai-S
3s series A
110.16
110.11
*106.6
Period
AChile Mortgage Bank 6%s
,
j-d
1944-1949
Home Owners' Loan
110.13
*110.8
*104.8
J-TD
.1944-1964
------
*106.19 106.21
106.30
*108.12 108.14
Mortgage Corp—
Farm
3 Vis
103.3
106.23
*108.25
US
J-D
J-D
J-D
101.31
102.22
*104.15 104.17
W-
——i~?
~~-}^-1955
j-j
Treasury 2s
A 6s
101.24
Interest
assented
AExternal
*101.16 101.17
Friday
Exchange
(Continued) —
sinking fund 6s
(Rep)
A 6s
100.26
>■
*108.14 108.16
M-S
,
106.3
100726
*100.22 100.23
*107.6
'•<„
elQ8,3
AChile
114.1
105.20
109.10 109.11
Treasury
Treasury
—
-Uw
J-D
J-D
"Joko'iora
Treasury, 2 Vis
Treasury
;
113.18
1
Stock
Week Ended March 19
AExternal
108.4
*108.2
New York
High
Low
Ho.
■,
*105.15 105.17
„
,
High
102.22 102.22
—
J-Dj
—M-S
1949-1953
J-D
Treasury
Treasury
__
—--—1945
Treasury 2%s
Treasury. 2'/a s
__
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
in the week in which they occur. No account is taken of such sales in computing the range for the year.
the month when the bonds mature.
BONDS
Sold
113.18
113.18
—
A-0
A-0
J-D
J-D
J-D
M-S
Af-S
M-S
M-S
J-D
M-S
——1948-1951
1951-1954
——1956-1959
Treasury
Treasury
A-O
J-D
Af-8
J-D
YEARLY
-
Range Since
January 1
Bonds
Friday's
or
Sale Price Bid & Asked
Government
S.
4%s
Treasury
Last
Interest
Period
Stock Exchange
WEEKLY
-
Week's Range
Friday
BONDS
New York
Monday, March 22, 1943
New York Stock Exchange
«»
FRIDAY
the
FINANCIAL CHRONICLE
External
External
A Warsaw
6s
1960
1964
($ bonds of 1937)-jreadjustment—
1979
conversion
1979
extl conv
(City)
A4%s assented
external 7s
*15%
.'
***+
'
^
*15%
16
8
/-
•4' ;/
17%
16
23
14%
23
12%
14%
15
19%
14%
14%
6
12%
15
22%
22%
17
17%
22 3/4
22%
22%
1
93%
16
90%
"
J-D
-
Af-N
92%
F-A
17%
22 Vi
30
*35%
35%
-
96
25%
24%
25%
57
18%
25Vi
F-A
21%
21%
22%
62
16%
22%
A-0
29
25
20
29
6
17
25
29
18
25%
A-0
27%
29
J-D
25
25
M-N
24%
25%
J-D
25
25
Af-S
*76
80
Af-N
*27%
28%
26%
:
25
17%
1
78
73%
r
•
26
Af-N
J-J
26%
41
48
A-0
13
48
2
37%
6
36
5
29%
36
34%
34%
3
29%
34%
65%
34%
47 Vi
36
M-S
Af-N
17%
40
28%
37%
48
J-J
J-J
18%
66 %
3
62
67%
13
13
1
10
15
11
15%
11%
12
Af-N
*12%
13 Vi
J-D
*—
15%
J-D
*—
-
32
i
—
37%
—
,
F-A
87%
F-A
*81 Va
Af-N
♦79 Vi
Af-N
*79%
Af-N
70
Af-N
14
87%
I
J-D
1978
1984
1958
F-A
1958
64
90
78
85%
—
—
85%
71
31
64
72%
61%
65
64
32
60
64
70%
45
*64
1978
85
78
/
~
66
72
J-J
*54
59
52%
58
F-A
♦10
16
12
12
F-A
*10
16
11
13%
70
—
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
Friday
BONDS
New York
Stock
Period
Week's Range
Last
Interest
Exchange
Week Ended Match IS)
or
BONDS
Friday's
New York'Stork
Range Since
Sale Price Bid & Asked
Low
High
Low
AStamped
Ala
Southern
Gt
1st
4s
cons
Alabama
1st
series
59 Vi
102
Celotex Corp
f-a
103%
105
A Cent
5s—1943
103% 103%
1972
109% 109%
63
a-o
modified
108
63%
9
62
63%
62
62
1
62
62
*97
99 %
94%
96'/a
96%
15
93%
97
f-a
96
95%
96%
124
90%
97%
j-d
1949
83%
85
100
70
a-o
72
72
74
23
60%
A-O
68 Vi
68
71
35
53%
—1998
A-0
62
Corp 4'As debs—-—1951
Stores
F-A
Allis-Chalmers
Amer I
G Chem conv
Internat Corp
Am
102%
107
43%
1952
2030
ms
m-n
105
104%
105
18
104
73
74%
1945
M-N
33
31
34%
1959
A-O
11%
10
14 %
1959
A-O
11%
10%
J-D
42%
105
104%
105
59
104
85%
156
108%
78 Vi
debentures—
3'/4S
3s
108
56
J-D
108 %
108% 108%
m-s
110 Vi
103
110 Ve 110%
102% 103
283
A-O
Wks & Elec 6s series A—1975
M-N
107%
25
_1956
Co
.
3s_.
deb
Anglo-Chilean Nitrate deb^
101%
{Ann Arbor 1st gold 4s_———
1995
& Term 5s 1964
—1955
q-j
Ark & Memphis Ry Bdge
ms
sink
(Del)
fund
4s B
4s
C
series
j-j
(Del)_1957
4s
Stamped 4s
Conv gold 4s of 1909
Conv 4s of
2
98%
101%
61%
61%
/ i8
51%
61
12
49
103%
4s of
Cal-Ariz
Atl & Charl
1st
.1955
1955
j-d
103%
1960
1958
j-j
1962
1st 4s
ms
a
gold 5s__
1st 4'/2s
1946
&
coll
N
1st
32%
32%
404
16%
32%
30%
301
16 Va
30 Va
4s
Oct
88
1954
A-O
64
M-N
1948
ms
A Div
87%
63
81%
82%
166
74%
38%
39
70
32%
1st
1
32%
34
8
29%
due
Ref & gen ser A
Dec
4
100%
101%
104% 104%
79
104%
registered...
Division
1
&
1946)
gen
ser
1
Dec
to
106
68%
70
59%
71
70
1 71
157
—1995
J-D
43
42%
44%
J-D
46%
46%
47%
-141
Ref & gen ser D
Sep 1
(int at 1%
32%
.35%.
32%
198
ms
43
32%
31%
34
458
24%
60%
60%
62
349
51%
32%
j-j
—1959
Toledo Cin Div ref 4s A—
52
52
53%
j-j
;
55
55
56
310
91
134
81
73%
74%
164
65
75
81%
81%
93
73%
81%
40
39'%
41%
238
32
41 ¥2
120'% 120%
1
118
121'%
A Gen
j-j
.1951
stamped
j-j
.1951
70
70%
70%
46
11
70
71%
18
45%
;
J-D
45%
1
extl 1st gold 3Vis—..1951
A-O
Telep of Pa 5s series B.——1948
—1960
J-J
103
103
103%
A-O
129%
129
Beech Creek
Bell
1st & ref 5s series C
Indus Loan
Beneficial
2Vis—
72 %
72%
73%
46
39
40
66
'38'%
38%
38%
41
30
31'%
41
J-J
36%
36%
39
108
31'%
39
J-J
34%
34%
37
93
291/2
37
M-N
10
9%
13%
-405
6%
J-J
10%
9'/a
13%
253
6%
J-J
80
79%
80
17
6b%
80
55
52%
56%
1st
&
59%
mtge 4%s
gen
71
45%
82%
87%
103
16
128%
99%
17
99%
99
A-O
14
129%
99%
1Q
104% 104%
J-J
V
104%
130%
100
98%
4
99"%
103%
105
104% 105
17
104
105%
f-a
101
101
101%
47
100%
101%
*>a
104
103% 104%
8
102%
series
4s
May 1 1989
J-J
J-J
4%s
■
J-D
*102% 103%
103
103
*102%
102%
102%
.—1967
m-s
series II——.————.1955
m-n
1st 5s A C
5s
.
1st gold
J-J
82%
4"Vis series JJ—
^—1961
4s series RR
.1960
AInc mtge 4 Vis ser A
July 1970
{ABoston & N Y Air L 1st 4s_—1955
Bklyn Edison cons M 3 Vis..—a-a—1966
Bklyn Union El 1st gold 5s—...
1950
Bklyn Union Gus 1st cons gold 5s_1945
mtge
1st
lien
&
Debenture
ref
6s series
47%
80
80
.
:
23%
96'A
80
39%
23
109%" 109%
49 Vi
i
33%
'-20
108^8
109 Vi
41
104%
105%
105'/a
105 % 106
106
6
104%
90%
10
83%
101% 102 %
89%
35
99
89%
102
F-A
112% 113
;<% 4
90%
102%
112
115%
110%
J-D
110%
Buffalo Rochester & Pgh Ry—■
Stamped
3%
to
modified
1946)
(interest
696
43%
56'%
52
53%
78
40%
53%
J-J
56%
53%
59V'a
393
44'%
4%s
series
E
May 11989
j-j
57
53%
59
263
45
59
4%s
series
F._
May 11989
j-j
56%
54%
58%
169
45'%
58%
1975
f-a
26%
25'/a
30%
4,202
18'%
30%
Jan 1 2000
a-o
7%
6%
10%
9,190
4%
10%
M-N
43%
39
44
M-N
42%
40
42%
M-N
45%
41'%
46
AMtge gold 5s series A___
adjustment 5s
AGeneral
4s
4s__^._
1957
{Burlington Cedar Rap & Nor—
§ A 1st & coll 5s
j.—1934
—
ACertificates
of
deposit
..1952
Bush Terminal 1st 4s
Consolidated
Bush Term
42%
A-O
19%
18'/a
—
—
M-N
5s
*—_—-,-1955
Bldgs 5s gtd_—
—I960
A-O
J-J
43%
,
45
179
17%
20%
538
19%
115
17%
,*84%
67
65%
67
82%
A-O
35%
11%
45
20%
83
18
7
11
19%
81
86
registered
1
83%
58
67
77
83
Canada Southern
Canadian
cons
National
Guaranteed
gold
5s
Guaranteed
gold
5s
1962
A-O
1957
gtd 5s A
gold 4Vis
J-J
109
87
112%
108%
109
36%
109
44%
45%
41%
46
166
33%
46
42
46%
170
34
stpd Fed Inc tax.___„1987
stamped
1987
46'%
M-N
46%
47%
42%
47%
527
33%
47%
M-N
46%
35 ¥2
46'/a
&
87
112% 112%
14
22
AConv 4%s series A
43%
46'/a
46
55%
51%
56%
433
39%
31
33
472
23 Va
33
J-D
31%
30%
33%
725
22%
33'%
J-D
31
30%
33%
264
23
33'%
9%
3,174
'..4
;__'_1949
...
Railways
paid
1st
5s
{AChic R I & Pac Ry gen 4s
..1988
ACertificates of deposit.
5ARefunding gold 4s___.._...._1934
^
§ ASecured 4%s series A_^..____1952
AConv
gold 4%s—....——..I960
Chicago St L & New Orleans 5s
Gold
Memphis Div 1st gold 4s
Chic T H & Southeastern
1st
108%
79
111%
Union
Childs Co deb 5s.
-5s....J
Debenture
Cincinnati
Cin
& Elec
Gas
1st
1st
109%
Cleveland
&
C
3%s
Gen
&
ref
Short
Line
1st
Collateral
For
trust
footnotes
4 Vis...
see
page
—.—I960
1064
J-J
113%
15
81
81%
24
71%
81%
101% 101%
19
100%
102%
104%
105
95%
100
*104% 105
99% 100
94%
95%
31
7
91
107%
IO91/2
100
102 ¥2
100
36
94%
101%:
51
97
44
47%'
71,
44.
42
24
39
48
43'%
44%
36
28'%,
441/2
109%
.,.51
; 101%
43%
109
109% 109%
*111
80%
*80
20
80%
76%
107'%
M-N
56
195
55
8
76%
•
76%
107% 107%.
5
31
*
80%
65 %
46%
57
46
55
65
'
76%
*108
106%
108'%
105
*105
F-A
F-A
111
71
bb%'
54'%
54%
>
110
109%
112
79%
f 55
109
108
105„*
105
*105
1981
J-J
105
__
105
5
A-O
83%
82
83%
66
71
83
1972
A-O
81%
80%
81%
19
75%
83'%
1973
A-O
731%
73%
74 %
124
64'%
74 ¥»
67%
67'%
102
59%
67 V2
s
f 4%s series
series B
River Ry 1st
gtd
...
C
1977
A-O
.1945
J-D
mtge__!—1970
A-O
85 %
85%
86%
20
M-N
36
35%
"37%
35%
35%
gtd 4s._
Iron
108% 109'/a
*110% 111%
1961
f 5s
Fuel &
v
gtd 4%s_
s
Colo
63
gtd 5%s___
Term
5s
inc
AColo
& South 4%s
series A.
Columbus & Tol
100
59%
38
...1950
....
4%s series B
Union
111%
J-D
70
49
66
*104
'
103% 104
__
80/,
861/2
421
24%
37%
25 »/4
37
87
113
113
J-J
6 2 Vi
50
36
..1977
gtd...
General 4'/2s series A
113%
1954
53%
31
102%
J-D
3%s
D
112
1944
6
'
.,108 ¥4
45
F-A
1993
Pittsburgh RR—
gtd...
.......1948
Series
Series
Columbus & Sou Ohio El
equipment trust ctfs
trust gold 5s
11%
40
..
F-A
J-J
Columbus & H V
Cell
29%
>.-•
100%
..101%
.
J-D
M-N
112%
5s
58%
99% 100
M-N
1990
110%
101%
1971
1970
coll tr gold 4s
1st
Cleveland Elec Ilium 3s
111%
M-S
70
4 Va
102
99%
,
J-J
20
1946
A-O
J-J
27
81
67
20'%
108
*>102
J-D
110% 111%
J-J
'108%
.
M-S
1977
112% 112%
J-J
-y
J-J
1993
1st 4s_...
1980
Debenture 5s
1946
82 ¥2
70
1991
Wab Si M Div
114%
Ry deb 6Vis
deb stk perpetual
70
5
58%
Cin
113%
4 Vis.a.
31
69 %
Ref & impt 4%s series E
...
8
4%
1,218
58%
J-D
A-O
General 5s series B
113% 114%
trust
759
11%
54% ' 59%
mtge gtd 3%s series E_____.1969
J-D
Pac Ry
29%
82%
6'/a
J-D
M-S
M-N
Cleve Cin Chic & St Louis Ry—
General gold 4s_
1955
Coll
7%
59%
3%s__._.._1966
Guaranteed
Canadian Northern
27%
...1957
gtd 3%s D
Debenture
Can
29
70
mtge 3%s._.i—...—...__1967
Union Term
Columbia G
112%
M-S
'M-N
5s_.__.1952
cons
109
M-S
27%
*44
.....
{AChoctaw Ok & Gulf
115%
F-A
45 3%
19
68
....—,...1943
115%
1951
47%
35
2,180
70
1st & ref 4 %s series D_._.__.—1962
113%
1956
33 %
11
27%
J-J
108%
;
47%
45%
25
J-J
113%
4Vis——
43%
441%
26%
1963
9
4 Vis
838
50%
Station—
13
gold
46%
45%
mtge 3 %s series F
1963
Chic '& West Indiana com 4s_._._.1952
13
gold
9%
39
45%
J-D
Dec 11960
mtge 3%s series E
108% 108%
Guaranteed
56%
A-O
80
1st
114% 114%
114% 114 %
Guaranteed
J-J
82%
1951
guaranteed 5s__
ACertificates of deposit
A-O
4%s
50
J-D
1st 5s_._1960
Income
f-a
gold
5%
49%
.1951
1970
J-J
6%
f-a
.1951
3%s
1969
July 1969
m-n
%
stpd
1927
Guaranteed gold 5s
—Oct
44'%
32%
.1936
4%s stpd
ref 4%s C
part
32
May 1 2037
..May 1 2037
ref
&
35
M-N
gold 5s
Alst
44%
J-D
6%s
ref
39
May 1 2037
...
Coal
2
46
M-N
&
1st
h
A-O
44
42 ¥2
33'%
M-N
§ASecured
A 1st
32%
30%
M-N
A 1st
;
405
162
457
V
1987
AGen 5s
A4 %s
1st
1966
59'/a
1987
Cleve
Power 4s
..1987
;
AStpd 4s n p Fed inc tax.:
stpd Fed inc tax
Cleve
California-Oregon
.1987
AGen 4%s
St L Div
at
due
13%
May 11989
1st
*100%
104% 104%
13%
82'A
'• 73%:
169
M-N
«
92%.
.
58
48%
104%
M-N
5.,
/ '2
<82%
33%
M-N
J-D
/
78
47%
f-a
1981
Niag Elec 3 Vis series C—1967
82%
3
33
■
M-N
—1950
—.1957
Buffalo Gen Elec 4Vis B___
96%
80%
-78
80
...
F-A
—1947
A
gold 5s.——
1st lien & ref 5s series B
Buffalo
M-N
82%
96%
-1
A-O
1st
.'82%
75'A
45%
C
Chicago
M
A
gold 3%s series B__May 1 1989
104%
f-a
Big Sandy 1st mtge 4s
—
1944
Blaw Knox 1st mtge 3Vis—1950
\
66
71
60
99%
99%
A-O
—1956
-1952 '
Consol mtge 3'%s series F—
1959
Consol mtge 3s series G__.——I960
Consol mtge 3'%s series K
1965
debentures—
;
Beth Steel 3 Vis conv debs
1st
:
series
56
45%
*90
J-D
1950
2%s
Boston & Maine
(conv)..
39%
25%
ref 4s
4s
inc
mtge
{5AChicago
Battle Creek & Sturgis 1st gtd 3s_.1989
99%
92%
89%
81
A
J-J
53%
:
97%
97'%
J-J
44%
40%
86
99'%
100 ¥2
J-J
Bangor & Aroostook RR—
Con
90 %
96%
73%
series
5s
..
:
due..—1950
1 1947)
*—
M-S
98%
93%
{Chicago & North Western Ry—
AGeneral gold 3%s~
......1987
3%s registered...
1987
62
277
5.
33
2038
'•
34%.
m-n
1951
44%
93%
99'% 100
1988
44%
f-a
42%
92%
M-N
47%
(int at 3'A%
Div 1st M
Jan
44%
93%
93%
25'%
22
97
{Chic Milw St Paul & Pac RR—
44%
1996
Pgh L E & W Va System—
Ref gold 4s extended to
to
42%
96%
100
119%
115'%
15%
71
Feb 1 1960
due..
S'west
43
25%
J-J
to
1946) due
Sep 1
ms
2000
(int at 1%
?
96%
115'%
1,219
__
'22%
{Chicago Milwaukee & St Paul—
%
134
118%
120
*115%
,
F-A
to
due
1946)
Ref & gen ser F
AConv
«.
1995
due
105%
F-A
ref
...
5s series A—
.1966
A 1st & gen 6s series B_
May 1966
Chicago Ind & Sou 50-year 4s..,
1956
to
(int at 1V»%
132
105%
102
1977
A
70
60% '
130%
102%
18
1971
&
AConv
A-O
2
22
♦119
j-j
AGen
164
130% 131%
23%
J-J
AGen
69%
100'%
104% 105%
„
1949
1958
65%
92%
1982
to
due..
C
....1949
38
*106%
A-O
AGen
A-O
July 1948
(int at 1%
1946)
J-J
99
105'4 105%
1949
......
4s
registered
AGen inc
.82%
■
Ref
J-J
1989
85%'
86
{AChic Ind & Louisville ref 6s A..1947
A A Refunding gold 5s series B....1947
ARefunding 4s series C
..1947
34
M-S
July 1948
1946)
J-J
1989
:
105
1946
gold 4s..
cons
gold 4s_
131%
M-N
71%
55%
83'%
1997
RR—
Stamped modified bonds—
1st mtge gold
(int at 4%
Oct
1st
m-s
F-A
AGen
gold 4s
mtge
1992
1996
97
199
94
Chicago Gt West 1st 4s series A
39
33 Vi
J-J
98%
1996
12
65
87
28
83
Chicago & Erie 1st gold 5s
70
'101% 101%
.1959
-
85%
63%
*83%
Chicago & Eastern 111 RR—
90%
160
85
186
1st Si ref 4%s series B
103"%'
256
70
38%
J-J
1953
102'A
7
88%
93%
108% 111
1st
103%
69
3 Vis
4s
.1
Ohio
5%s A
General 4s
B
&
Prod
impt M 3%s series E—
Illinois
110
87%
92%
30
110%
78
20
110% 110%
85
F-A
1942
AChicago & Alton RR ref 3s__u._._1949
Chicago Burlington & Quincy RR—
112%'
102%
28
32%
1960
AGen
Baltimore
28%
92%
2d consol
114
;8l»A
M-N
j-j
Atlantic Refining deb 3s—
j-j
F-A
106 Vi
111%
~5
103% 103%
103%
V 69 %
j-d
1948
1948
W I 6S coll tr 5s
&
1987
110%
....—.1987
Power
110%
;
1952
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
Atl Gulf
N Y
A-O
107%
112
9
;
103% 103%
j-j
1964
,y; x
*109%
ms
.July 1952
4'As A
gold 4s
4s—
registered
3%s__—......1962
101
109%
111% 112
112
j-j
1944
4s
cons
unified
General
95 %
105%
113
28
29%
*101%
113
20
29%
100'%
105
107% 107%
j-d
1944
A_
*107%
107%
1
43%
18 %
A
r
28
14'%
14%
35
71
116%
96%
67
2
112
Potts Creek Br 1st 4s
105%
99% 100 %
j-d
30-year 5s series B
Atlantic Coast
L
'.J.
...
1910
1st
A L
100
j-d
ref 4'/2S A
1st &
Atl Knox & Nor
M-N
43%
687
Ref &
106"
17
111%
6%
78
R &
75
359
32%
70
68%
♦99% 100%
14%
74%
61%
115% 115%
34%
6'%
29 %
'
1905—
Trans-Con Short L
115%
Nov
—1995
—
Conv gold
A-O
1995
_
23%
279
77
Illinois division 3%s—...—...1949
....—1995
Adjustment gold 4s__
75%
292
103%
102%
30%
1987
1987
Chesapeake & Ohio Ry—
General gold 4Vis
Ref & impt mtge 3 Vis D—
Atchison Topeka & Santa Fe—
General
45
68%
28
Through Short L 1st gtd 4s_:
¥a:
105% 105%
105%
30%
"
111%
103
105 % 105%
105%
71
131
102'%
J-J
*100
f-a
98
102%
*110%
Guaranteed gold 5s
:
§ ACentral RR & Bank'g of Ga 5s
109
107
100%
67%
Jan
Armour 81 Co
107%
54
41
24
42 %
A-O
108%
72
101% 101%
1
—1967
1st
108%
.—1962
———1966
debentures.
Tobacco
Wat
Am
A
debentures-
conv
Amer
108 '%
A-O
-1961
48
103% 103%
J-J
Certain-teed
1949
104
J-J
85%
American Telephone 61 Telegraph Co.—
3'%s
...
75
110
102
Central Pacific 1st ref gtd gold 4s.l949
105 %
83%
Nov
registered
Central
105%
j-j
5'/is
'
84 %
"9
45
73%
1st
103%
High
108%
101
54
43%
AGeneral
105%
—1949
5'/2s
oonv
15
21
53
F-A
5s
ms
Mfg conv 4s_—
Foreign Pow deb 5s
&
Am
103% 103%
108% 108%
103 Va
54
1945
r
Allied
62
13
{ACentral of N J gen gold 5s
68
70%
f-a
J-D
Branch U P
Low
__
1948
71
Alleghany & West 1st gtd 4s
M-N
Range Since
January 1
Light 3%s__i.'.
1966
J A Cent New Eng 1st gtd 4s___.__1961
74
1950
;
No.
80
j-j
Central Illinois
85
—1950
.
income
Sold
109% 109%
*103%
j-d
ARef & gen 5%s series B
ARef & gen 5s series C
97
96 '%
84
*._
1947
mtge 5s
§ A Consol gold 5s
109%
3
63
A-O
,
modified-
1
1981.
Bonds
High
.i96r:
...
w___
A 1st
j-j
Friday's
AChatt Div pur money gold 4s_. 1951
A Mobile Div 1st
1946
gold 5s,
j-d
3%s
3Vis debs
deb 4Vis w
1950
gold 4s
{Central of Georgia Ry— '
j-d
a-o
A 5s
Ohio 4s
Celanese Corp
102
Albany & Susquehanna RR 3'/2S—_1946
3'/as registered
-—1946
Alleghany Corp—
5s modified—
—--—1944
5s
'
102
102
a-o
5s
60
>102%
'102
assented
warrants
48%
&
Carriers & Gen Corp 5s w w._
Cart Si Adir 1st gtd gold 4s
71%
ms
,-1948
with
21
M-S
j-d
Albany Perfor Wrap Pap 6s_——1948
6s
60
J-J
1965
1948
—1943
mtge
60
1949
—1946
A
cons
70%
J-D
or
Sale Price Bid & Asked
Low
{§ACarolina Central 1st gtd 4s
J-D
We»*k'«! Wqn»c
Last
Period
High
1947
B
1st
Power
Interest
Carolina Clinch
-1953
10-year deb 4'%s stamped
Fridav
Exrh»og«
Week Ended March 19
January 1
Railroad and Industrial Companies
{Abitibi Power & Paper—
§A5s series A unstamped—,__,_1953
Adams Express coll tr gold 4s
Coll trust 4s of 1907
1061
95%
ACertificates
A Commercial
Income
deb
of
E
&
deposit
deb
—
5s
5s__.
May 1952
..Apr 15 1952
-.1961
1st
1st
extl
gold 4s__1948
M-N"
J-J
debs
95%
1970
M-S
*109
F-A
97%
93
97%
105
88
95%
*110
1955
3'As..
extl 4s_
92'%
13
110%
108'%
109%
112% 112%
1
110%
110
112%
112%
Mackay Corp—
w
w
mtge 3%s series 1
Conv
106
A-O
Apr 11969
71
May
Commonwealth Edison Co—
1st
9
97%
97
94%
95
36%
96%
97
97%
A-O
3¥28
■.
74%
23
54
74'%
t
1968
J-D
111%
111% 111%
4
110%
111%
1958
J-J
111%
111% 112'/a
47
108%
113 ¥2
THE COMMERCIAL & FINANCIAL CHRONICLE
1062
YORK BOND RECORD
NEW
New
York
Stock
Last
Interest
Exchange
Perted
Week Elided March 10
&
Pasump
Stamped
J-J
1961
F-A
1946
—1948
1956
——1958
deb 3'%S..,.-1951
A-O
Ar
108
debentures
3 Vis
debentures
3 Vis
debentures
3'/is
debentures—
Consolidated Oil conv
Coal
5
106%
108
.1951
gold 3s_
St. Louis Div & Term gold 3s„— ,1951
1st
1st
106%
108'A
47
103%
104%
111
108%
109%
Ind
1st
St Iowa
f'Alnd
110%,
110
Interlake Iron
10
101
101%,
•
J-J
24
96
93
96
2
32%
40%
33'A
8
27
33%
45
45
3
38
45%
Internat Hydro
36
36
16
30
36
Internat
36
38
33%
A-O
A-O
B
series
receipts—i
——
extended to____,—1946
receipts——
ADeposit
44'A
42
82
102
;37
A-O
90%
24%
Vi
105%
6
101%
102
4
102%
104
371
24%
.
103
37%
35%
108 Va
104%
36
<33%
3
26%
,7
37%
A 1st.5s -series,
1956
J-J
35%
34%
36%
119
23%
36%
1956
J-J
36%
34%
36%
116
23%
36%:
1944
A-O
48
47
49
205
38%
49
goldj5s series C———
El,deb 6s„t
series A & B— 1947
6.<? series A-iA-— 1955
97 Vi
98'A
34
96%
100%
66
69%
M-S
100
67%
70
4'%
3'a
6
M-N
<5
F-A
.
•
103
104'%;
20
104%
107
100%
~5
95%
66%
40
63%
68%
159
66%
71%
253
1%
*94%
F-A
—
18
6%
1,306
104
104%
106% 107
J-J
•
18
106%
M-S
Int Rys Cent Arner 1st 5s B——— 1972
1st lien & ref 6 Vis.
; 1947
98%
11
J-J
Paper 5s
fund
13 %
Int Telep &.Teleg ,deb gold 4%s— 1952
.'Debentures: 5s-w-i—-Ti— 1955
33°/s
•
34%
108'%
A 1st
42
33%
98'A
A-O
1955
Publishing Co 3s deb
Curtis
*41'A
—
66
A
Ref sink
33%
J-D
42
*101% 102%
J-J
Adjustment 6s series A—July 1952
89
34%
104% 105
104%
1952
1947
J,AIowa Cept Ry 1st & ref 4s—- 1951
ADeposit
A 6s
88%
31%
*108 Vi
f
34%
27%
34
95
v
■
.——
*32%
F_^
Inspiration,.Cons.Copper 4s__
co'nv. deb 4s
'
39'A
88%
J-J
t-AInter^Great Nor 1st 6s series A. 1952
Inland Steel 1st mtge 3s.series
94%
series A extended to——-1946
69%,
A-O
111%
108%
108'/a
43 Vi
62%
1961
110%
*41 Vi
60
Vi
*79
■M-S
107%
39
J-D
48%
57
59%
1986
9
96
1952
1950
7
39%
i
gold 4s___i—
Ry 3%s "series
J-D
receipts—
1963
Louisville 1st gtd 4s-_-— 1956
&
Union
J-D
1st 5s gold
RR
24
54%
Vis——194?.
Deposit
51%
60
50%
C-J—
101'A 101 'A
J-J
47%
43%
-
1
,
17
196
A
series
5s
109% 109%
33
51%
50'A
109%
—
51
48%
ref
1st
3 Vis s f debs——1955
:
J-J
70
49%
Ind
—1950
50%
J-D
1st & ref, 4%s series
A-O
42
47%
9 7'A
108
65
192
92
108
50%
Vi
69%
22
111 Vi 111%
48
54%
97 Vi
109%
69
F-A
68%
95'A
M-N
58
53%
J-J
M-N
22
54%
1956
M-tf
5
69
F-A
Joint
—
70
68 %
J-D
39'A
40
M-N
68
68%
1963
33
32
109'A 109%
68
J-J
29
M-N
86'%
63%
J-J
J-J
31
-———1965
—.—-1967
-1970
———1966
-1969
49
85
■
1951
Gold
40
31%
67
-_1—-
3Vis—11—
63%
42%
3
307
Springfield Div. 1st, gold ,3%s;— 1951
Western Lines ,1st gold 4s-..—-. ,1951
Ill Cent and Chic St L & N O—
40
receipts
Deposit
A7Vis
22
104'A 104%
40
S A Cuba Northern Ry 1st 5
a
107% 108
104%
39'A
2Vis s f debs,,,,
Crucible Steel
■
107%
J-D
39
mtge 3 Vis—1
A Cuba
J-J
107'A
39%
mtge 3Vis—
1st
A
107
High
56'%
57
J-J
1st
39'A
mtge 3Vis-
1st
Co
105% 106
107
Div
J-J
mtge 3Vis—
Crane
105 %
Omaha
J-J
mtge 3 Vis——
1st
86%
106'/a
Power Co—
Consumers
49
86 %
105%
21
A-O
97'A
47%
Louisville Div
102%
f 5s——*—-1960
s
48
104'A
5
A-O
January 1
Low
No.
63%
F-A
Bridge gold.4s,--
J-J
4s——-
A Debenture
Consolidation
62%
J-D
Cairo
,
■
Litchfield; Div
1954
4s
4s—
A Debenture
63%
.1966
103
Ill
103'A 103 'A
Range Since
Sold
High
M-N
.1950
Li
1st gold 3s,___l-_ .1951
&;Term gold 3%s. .1953
108
—-1955
Ry non-conv deb
$ A Consul
.1955
Refunding 5s
40-year 4%s
Consolidated Edison of New York—
3Vis
Bonds
Friday's
Illinois Central RR—(Continued)
109 Vi
108'A
109'A 110'A
109 '/a
or
Sale Price Bid & Asked
Low
100%
108
Week's Range
Last
Period
High
100%
*108
1951
Friday
Interest
Exchange
Week Ended March 19
Low
No.
*110
J-J
—1951
4 Vis
gtd
Conn River Power s f 33/4S
January .1
High
York;Stock
New
Range Since
Sold
A-O
—1943
Riv 1st «s
Ry & L 1st ft ref 4 Vis
Conn
Bonds
Friday's
or
Sale.Price Bid & Asked
Loiv
Conn
BONDS
Week's Range
Friday
BONDS
Monday, March 22, 1943
92
.v,
94'%
100'%
6
D
Jlf-N
(subject
7 '
F-A
35:
36
182
22%
262
3"/4
11
9%
860
3%
10
5'a
A-O
29'A
26%
:
t
755
29%
18'A
*92'A
29%
.Ref
*
M-S
J-D
1st lien gold 4s 1995
gold 4s_—.——i.1995
Detroit Term & Tunnel 4Vis
1961
Dow Chemical deb 2'As—.
——1950
Dul Miss & Iron Range Ry 3'/is—1962
Atl gold 5s_—1937
J-J
1st M 3Vis——1965
Ry Minn Nor Div 1st 4s—..,1948
& Ga Div 1st 5s—,__1956
East
East Tenn .Va
._»1995
1st cons gold 5s__
(NY)
Ed El 111
A-O
&
impt
;
■
■
.
...1970
Elgin Joliet & East Ry 3'As__
...1965 A:
El Paso & S W 1st 5s—————
1965
stamped—————
5s
Railroad
Erie
1st
1995
.
1
Rub 3s deb
Tire &
J-J
J-J
.
of
deposit
ACertil'icates
—1982
—A
—1956
-1956
,
Sugar coll trust 6s
Francisco
.
Elec of Berg Co cons 5s—„1949
107% 107'%
107
108'% 108'%
100% 101 %
105%
108%
100%
102%
Kresge Foundation 3%
M-S
A\A 11
!:A 15
notes,--—--1950
JAKreuger & Toll 5s ctfs——.—1959
109%
& Ala Ry
Gotham Hosiery
107
108
103
106'A
Coll ■&' ref
149,
149
Coll
100%
101%
23:
p't 3
■
-
12
101'A
;
32
102% 104
Laclede- Gas Light
I
F-A
F-A
86%
97'A
61
92%
122
Af-N
326
55'A
61
99
*83%:
A-
99
55
85'A
■
V 10
30
29'A
31
29'A
30
M-N
,,
^ 7%
7%
*
*102'A
J-D
.-1956
—1947
31
30
38
8%
...
A 45
8
4sa
N Y 1st gtd gold
81 Vi
Lehigh'Valley N" Y 4%s ext—
84%
■: "v
1954
*
98%
98%
<26
27
30%
154
98
19
■"
•
-v
106%
99%
100%
'
73
83%
103'A
102
103'A
183
•99%
—1946
J-J
■101%
101
102
193
99
102
1967
J-J
83%
75%
•
Debentures
Gulf
& Nor
Mob
1st
ctfs
deb ctfs A
B
—
—a
——
5 Vis B
1st
109 :'
110
45
102%
107
98
99
44
92 %
89%
91%
31
83'A
92
'
i
11%
Feb
ft
83%
67
91
,
A
103'A
69%
11
12
*94
ref
Term
Gulf States Steel
M
5s
f 4'As
s
1952
.1961
Gulf States Util 3'A« "series D—1969
1,
65
69%.
Q
172
98
91%
j-j
.32
87'i
92
75
47
69%
75
J-J
62%
63
47
54
Co 1st mtge—
A-O
103% 103%
102%
tiAHousatonic
Houston
Oil
Hudson
Coal
cons
Af-N
110% 110%
110
110%.
1st
Co Gas
Hudson
ft
s
f
1st
36%
38%
series
A„-1962
gold 5s—,1949
M-N
129%
5
100% 100%
1
98%
8
80
1
103
84%
85
103% 103%
42'A
41 Vi
42%
127
5s
5s
43%
*117
100
M-S
100%
-stamped,—'_A—A-A——-
.1949
M-S
lOOYa
121%
*108% 109%
121'A 121'A
17
117%
118
55
115
-46%
*
A-O
27'/a
27'A
29
120
19%
121% 122
.1951
55%
29
1st
1st
J-J
Elec 3%s—A—
.1966
,
M-S
gtd'4s——
.1945
M-S
Jeff Bridge'Co
Louisville ft Nashville RR—
44
i951
3Vis
trust
Cof'a feral
For
lines
gold 4s_
trust
footnotes
J-J
1951
1.1951
I" 1952
*97%
——
^
_
A-O
Af-S
.
"
*92'%
*92 %
60%
97'%
103
aold
—
1
see
page
1064
A-O
59 %
58%
59%
74
M-N
56 3a
55
56%
339
J-J
52'%
53%
21
1953
4s_
M-N
57 %
58%
79
58 %.
92%
•
—
1955
3'As
98%
96
60 3 a
603a
.
6038
1952
Refundmg 4s
Purchased
J-J
1951
gold
gold 3s sterling
Collateral
101%
w-
,
106
106
104
',
1043«
99',2'
26
100 % 100%
7,
98 Va
100%
8
98%
100%
109
110
122
2
121%
89%
121
78%
89%
1
109%
110%
104
104%
104 % ;•
88%
89%
*104
"105
'
:•
103%
A-O
A-O
97
-.96%
Da'A-A—,—...2003
A-O
wV
'91%
A-O
86 3i
ft
& -ref
4s4' series
3'/2S-series-A ext—,..1950
Unif "hitge 4s series B ext—:—...I960 :
& Mem
DiV 4sA_-—-...1946
Div 2d gold
St Louis
J-J
'
•
wJ,'
'*.
,
•
-A.
,
96 %
J-J
.
86%
94 %
88'%
87
15
85
105% 105%
84
-
M-S
Montg 1st gold 4'/aS,—...1945
103 »/a
33
*104'% 105
M-S
South
15
52
92'A
'
109% 109%
''
F-A
-
3sa_—_—...1980
Ry joint* monon 4s__—.^.1952
1955
Atl Knox< &- Cine Div 4s——
•
105%
-J-J
Unif mtge
a
;
97'A
103% 104'%
series' B_-aAaA——..-2003
ref-4%s-series-Caaa-AA,...2003
1st' ft/ ref- 5s
1st
1.'V';,,a-'%Maine
1
M-N
,
•; __1
■■
*105'%
84%
.
97 %V;
93
87%
32
103%
105%
10
108%
109%
104'%
105.
..
8
78'A
85%'
__
96'A
44
94
96'A
110% 110'A
1
110
110%
96
M
.V
Central RR 4s aeries A——1945
J-D
88%
89
7
84%
89'%
4'%s series"AAaaA——.I960
J-D
53'%
52%'
53%
48
47'%
533a
M-N
56
55
56
28
49Va
56
Gen mtge
Manati
Sugar 4s sink fund—Feb 11957
1953
M-S
*34
M-N
*21%
western
Marion
gold 3 Vis—
1st
20
RR—
1st gold 4s—
Extended
102%
122%'
110% 110%
F-A
.1969
Si
107%
109%-
121%
99'%
A-O
Co deb 7s__a——
•5s' debenture—A—a——
Gas
105%
47%
68
116%
109
"2
V
7'
—1959
t§ AManitowoc Green Bay ft North¬
102
~6
105% 106
*108% 109%
121%
35%
55%
115
(-i
85%'
54'A
117% 118
1021
27
100'A 100%
43%
54%
J-J
109
i
.1949
104
40%
F-A
23As series A—1981
7
ref gold 4s—*aaa—
Manila RR
Illinois Ben Telep
38 'a
117%
*106
AManila Elec RR ft Lt s f 5sA:
Illinois Central
42n8
31%
46%
68
64
68
*104%
&
;
40%
39
M-S
100%
A_—1957
118
7.v 44
29%
32%
38'%
"
A-O
129%
—Feb 1957
1st
*36
.2003
M-N
Loulsville
69
156
41%
.1949
rF)
54%
52'%
295
39'A
.1950
Mob &
Af-N
J-D
36
.
37
38%
.1962
'4s"
44
•
'"Ar.;
A*
Lohllard
71
28'%
,36%
*34 Va
M-N
M-N
,2003
Long Dock Co 3%s ext toA——A
Long Island unified. 4s_a.A—
Guaranteed
66'%
/•
'
'120
F-A
1
M-N
—1954
5s
Manhattan
income
1937
gold 5s
4'As debs
Hudvson
AAdj
Ry
54%
69
.1951
103%
A-O
53
63%
■
69
a;
J-J
■
72
:
1
A-O
*95
1944
'•
87
71%
67 %
71
•
1st ft ref 3%s series E_——_—:._2003
J-J
H
(R)
71
.1944
*
88%
86
•>
• a
*67
,
,1955
64
r
74 V
Epst 1st 50-yr 5s gtd——
Paduoah
Hoe
'
•
A-O
;
88%
71%
96%
92
129
5
3
,1965
Lou
74
129
.
M-N
Vis
':•
n
91%
J-J
■vA.:,
88%
87'%; 88 ;
-y'.V.;-'
■;
A
'
A-O
4
'
Hocking Valley Ry 1st 4Vis_—__I999
-
sV" *
*•"'• ;■'
,"••■
lst
stpd____
'
A'A V53
f-a;
A.a950
,1951
Ship Island RR—
&
89%
A
,
'
'
,2003
83%.
J-J
92
i'
s-
*'•
F-A
-
Louisiaha & Ark 1st 5s series A.
A-O
,2015
91
69%
A-O
mtge inc 5s series AJ
A
«9
;S
1950
.—
AGen
1st
15
105% 107
99
90
mtge 5s series C
—
1950
Ohio 4s series B—1975
Gulf Mobile &
Gulf
109% 110
107
Feb
87
'
110
82 Vi
97%
89%
Libby McNeil & Libby 4s_—A—-A
107%'
10
J-J
33As series I
84
Little Miami geu-4s series A—aA
9
100'A
*95'A
89%
86
94%
-
5s. debenture——————A
107%
100
91
78
•
>
Liggett ,& Myers Tobacco 7s_——
107
Af-S
J-o
A
3
75
86
84
i'/-'
'
Lex &
J-D
..1977
AGreen Bay & West
■7%: 4
97 V2
*72%
fieh Val Term Ry ext 5s,aa—a
30%
44
J-D
t
0
:
•
'F-Ai
stamped modified_'_i_—J
4:%'S' - registered,—A—A—
5s stamptftl' modified^A-"—aa.
99%
/;
3ft
*41
4s series G——1946
mtge
63
(%
88%
88%
F-A
%.
;
,2003
»•>
J-J
mtge 4s series H—
82
52
29
61%
-*100
,2003
'
J-J
'
89%
*
._„I954
Lehigh /Valley RR—■ f
'a; i- ;-V
4s stamped modified———
J-D
—1976
Gen
83
80
<;
1944
gtd 5s— .^..1954 5
Leh Val Harbor Term
^
J-J
Gen
101
83%
10
87%
'
80%
81'A
4s——1945
1st & ref sink fund 5s_——i- ..U.1974 :
5s-"stamped,'—
—i- ,_._1974
.
102'A
J-J
General mtge
;
87
84*96
M-S
1st Si ref sink 'fvlnd ,5s_a—— ...L1964
V'.-.'r 5s stamped-—-—a——A— .__.19G4
'9'*
4VA
J-J
General 4'As series E——
99%
101%
89%
;
j-j
•>:'
102%
—
-1961
General 4'As series D—
90 '
85%
85%
:j-j;a
A-O
* v/'5s' %t.ampedJ———a———
••;:
85 Vi
,
M-N
98%
A
90'%
86%
61
Dec
-1965
,
,1.
20
•6
Af-S
28 %
series
86'A
14
86%
Lehigh Valley Coal Co—
'?*.•
5s -stamped
a—— .2
1st & ref sink fund 5sa__—A .'i
101%
76%
19%
.—1973
4'As
98'%
78
87
*86%
Lehigh & New Eng RR 4s A—
100
86%
847«
251
J-J
„1934
deb 5s w w—1946
Northern
100'A'
3
87'%
J-D
.1975
1st'mtge income reg_.
Lehigh Coal & Natvs f 4VaS A— -1954
1
Cons 'sink fund 4 %s series C_:4,, 1954
106%
106'A
101'A 101'A
101'A
J-D
J-J
General 5s series C—
2%
99%
v
*100
J-J
A
97%
General 5Vis series B——1952
Great
.
J-D
3%s
1%; '
■,
Lake Sh
72
108
86%
86%
>
•
106%
86%
99%
,,
%
registered———a—.—a—1997
79
65
%
*2% -7,3
A-O
•
105;
extended at '3% to—.—A—1947
&.Mich Sou gold 3%s_—1997
5S
A
*106
M-S
1945
extd 5s_^_^
*170%
J-J
series C_A_'a^a-a1953
5J/is
Lake Erie & Western.RR—
•64
13
79
A-O
5Vis series D_..A—„ 1960
ref
&
Lehigh
—1949
Grays Point Term 1st gtd 5s_
90
111
32
*99%
5s__Oct 1 1945
Castings 5 Vis-
Steel
tSAGa Caro & Nor 1st ext 6s
Goodrich (B F)
1st 4'As
93%
*82
legistered-i^AAA-AAi-iAi:
tA Georgia
93'%
J-J
1
Gen
86'/a
93%
J-J
•
Gas ft
85
4Vis unguaranteed-—a—-——1961
Kings County El L & P Csa_
___1997
Kings Co Lighting 1st 5s—
1954
A 1st. & ref. 6Vis——1954
108
'30
Corp 3s debs
85'%
93 %
93%
106%
>106%
:
(Proof of claim)
of deposit-
§A2-4s
50
46
85%
J-J
tFonda Johns ft Glover RR—
Food Machinery
:%
A—2——1'961
2
A-
108
59%
60
J-J
•
ref 5s series A-——1974
A Certificates
"
;;;
55
*48 %
A'
M-S
a
ft
113%
*113'%
J-J
J-J
:
Koppers Co 1st mtge 3Visi———-1961
95%
96
M-S
—1961
fAFla Central ft Peninsular 5s—1943
tPlonda East Coast 1st 4Vis
1959
A 1st
111%
J-J
4s——;—L—1987
103 Vi"
,
I
Firestone
110'%
102 V«
*75%
M-N
...1971
3'As
mtge
107'%
Lautaro Nitrate Co Ltd—
mtge inc 4 Vis series A—...2015
...1947
RR extl 1st 4s—,
Div
36
3
76
76
76%
107'% 108'%
107%
32%
.
*103% "A-
A-O
76
J-J
95 'A
101
M-S
69
1st 4s-_i——1960
85%
*145
J-J
62%
69%
26
107'A 107 Vi
aya-A
A-O
Y & Erie
Ohio
City Term
Plain
-
50
69
,
132
Stamped
Co—
1st cons M 4s series B——
AGen
N
40
77%
61
75%
9 5'A
■
*106
M-N
J-D
—
106%
88%
61%
16
:
74%
20
110% 110%
A-O
■
104%
76
75
Kentucky• & Ind Term-4'As—a—1961
.
77%
J-J
Kentucky Central -gold
91%.
86
75
—Apr 1950
5s
30
31
-i3i
297
*88%
77%
69
32'A
108
108
96 (%
68%
50
95
95'A
M-S
.,,1950
Auto-Lite 2'As debs—
Elec
M-N
56'A
94
68%
103% 103%
J-J
fSADul Sou Shore &
Duquesne Light
111 Va,
7
46%
19
A-O
49
J-D
ASecond
111
25
44
95%
75
31'
49
J-D
Detroit & Mackinac
112%
89
105%
105',
105%
111%
111%
*111
14 Vi
6%
15
—
112'A 112%
112
A-O
A-O
of
deposit-—
Kansas City Southern Ry 1st 3s—1950
>
76
14'A
13
J-J
•M-S
A-O
M- Ry rer gold 4s_1936
t§AK C Ft S &
."'•/ACertificates
Kansas
JADes M & Ft Dodge 4s ctfs——1935
JADes Plains Val 1st gtd 4Vis—1947
Detroit Edison 4s series F_—,—1965
Gen ft ret mtge 3'As series G—1966
Gen & rer 3s series H
-1970
56%
K
1st gtd gold 4s__1990
& Mich
Kanawha
36
10'A
7'a
55%
}
108%
21'A
■
55
95
J-D
J-J
Laughlin.Steel 3'As——1961
&
107
105%
6'A
8
F-A
—
103Vi
25
:;V
35
32%
35 »A
J-J
Jones
64%
108%
105
.14
103% 104
105% 106'A
31
7
.■
1,060
103%
106
34
Frankl & Clear 1st 4S—1959
James
56%
436
a:
J-J
'
107 A;
•
64%
105'A 106
J-J
B——1978
5s series
& impt
A Ref
plan)
to
105%
—-
J-J
mortgage
AAssented
Vi '
63%
64'A
J-J
4Vis——-A——1969
t§ADen & R G 1st cons gold 4s_„ 1936
§AConsol gold 4 Vis
—1936
1 ADenv & R G W gen 5s—Aug 1955
1st
*101
J-D
Union Ry 3'As series B—1965
Hudson 1st & ref 4s—1943
Delaware Power & Light 1st 4Vis—1971
1st & ref 4Vis—————1969
Dayton
107
107
J-J
3s——1970
Dayton P & L 1st mtge
Delaware &
(South Lines)
1st gtd
Steam
4s
1941
3%s_
Shovel-s
f
Stamped
6s_^
45
J-J
1947
A-O
A-O
A
< A Market St ,R.y 7s: series A—Apr 1940
Q-A
100
100
(Stamped-mod) ext 5s
McCrorY Stores deb 3%
Robbins;3%e
1956
51%
59%
McKesson
47
56%
Metvop Ed 1st 4-V2S series D—^
43 "2
53%
Merop
46%
58%
A Met
ft
Wat Sew
W Side
ft
El
Drain
(Chic)
5%S
4s
1960
_1950
—1938
94%
39
102
103
100
3
100
100
95
15
A-O
F-A
112'
112% 112%
*86
7%
95*
2
105%
106'%
107%
lll'A
112%
84
90
7%
89%
105'A
—
*107'% 107%
J-J
M-S
94 'A
*105%
A-O
47'%
3
47%
*102% 103 Va
Q-A
—-—,1945
-—1955
69~
~5
6 %
90%
7%
;
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
1063
NEW YORK BOND RECORD
Friday
BONDS
New
Range Since
Sold
January 1
Sale Price
Low
Michigan Central—
Jack
1st
Lans
Ref
3Vis
;
impt 4Vis series C
&
4s_,
Michigan Consol Gas
.
ext
54
12
106%
21
54%
§AGenerai
66
57%
tMlnn St Paul & Sault Ste
75
6
65
195
38
50
449
27%
39%
136
9%
20%
39%
34%
Marie
-—:_1938
5s_.——.1
.1938
SAlst stamped 5s gtd as to int2'_1938
A 1st & ref 6s series A...—_
1946
5'%6_,
A25-year
A 1st
1st
19%
20%
5%
5%
7%
240
2%
Niagara Share
7%
5 Vi
5%
7%,
28
2%
8
22%
20%
.<
Norfolk
1st
'
5%
22%
16%
22
155
15%
168
4%
9%
57
7%
7.1
'100
Prior
71 %
49%
Ry
4'%s
J-D
J-J
53
44
D—_____1978
J-J
47%
46%
A-O
34
32
4 Vis
series
"
series A__———1965
A 1st
ref 5s
&
A
A 1st
ref
&
45
171
40%
57
33%
49
19
63
48%
37
■
186
;•
.
37%
*
&
A 1st
•
deposit—i.-——
of
35%
35%
47%
11
20 %
46%
48%
46
;
1,327
35%
47%
43:
35%
46% ' 48%
471
36%
48
46 Vi
48%
355
36%
48%
—
M-N
A-O
5%
47 %
47 Vi
3
36%
46»%
48.%
1,127
35%
47
38 w1?'
.
'■C'V! 5
-96%
52%
54
10
103% 106
54
105%
7
11
1111% 112%
J-D
J-J
J-D
44
M-N
42%
.1.
M-N
111%
-
%!'
•
13
,
.
45
>
•
*93
■"
.
42
23
'/
*110'%
4414
:
103%
Ry 1st gold 4s_1996
O-A
.
:
75%
112
i,
J-D
, __
77
78
117"%
M-N
—I960
A——i.1983
4%s——1952
New Orl Pub Ser 1st 5s series .A--1952
1st & ref 5s series B__
—1955
New Orleans Term 1st gtd 4s_—1953
1st 4 Vis
Light
&
Pow
Orleans Great Nor 5s
v
.
1st ref & imp
,
41.;
103 Vb
105%
13
101V4
103%
37.
103%
104%
118
...
105% 106 y4
11 <"
series.
5s
A 1st
5s "series
.
..
of deposit-—_i——
C—————1956
of
ACertificates
:—
1954
5Vis series A
Alst
of
ACertificates
V
deposit
Of
ACertificates
!
1956
4Vis series D
-Alst
■
i—
deposit—
deposit
1st & ref mtge 3'%s
1st
Gas
78
16
78
43
N
Y
secured 3'/4s
Hud River
&
Cent
J-J
3Vis
-
\y
,
78.,v
Coast
Ref
Ret 4y3s
1st
6s
„
Y
N
& St Louis—
series A
5%S
series
C—
Y Dock. 1st
Conv 5%
gold 4S—
notes...
Y Edison 3'As series D____
1st lien
''-pi
110%
;
90
110 V4
109%
15
73
20
82%
Vi
83Vi
Erie—See Erie
Y
&
Y
Gas El Lt H &
-1st
M
Purchase money
&
Harlem
N
Y
N
Y Lack. &
gold
West 4s
deb
4s_.
3 Vis.
3 Vis.
..3.1954
.ANon-conv
ANon-conv
ANon-conv
deb
deb
..3.1955
4s—_
%
259
50
61%
1
48
7
50
63
•
64
-
Pa
r
42
51%
133
49%
.
60%
61
55%
61
58
65%
128
52%
62%
47'%
62 Vi
'■
1/
%
51%
183
99%
47%
57%
AGeneral
59
74'/4
For
footnotes see
page
1064
110'%
103%
1041a
3
103
104'.%
F-A
97V4
98
cons
57
59
47%
53%
108
84 y4
108% 109%
2
108%
109%
109% 109%
1
109
109%
*__:
103'% 103'%
109%
64
sterl
'
.
105
105
102%
5
102
26
vi
101
104
101
^
67
75
119'%
100%
103 V4
17
57%
78%
117%
117'%
1
65
4'%s
5s
*105%
86
104
102%
'
105%
102
107'%
108%
108% 108%
18
106'4
108%
F-A
103*%
102% 103%
19
98%
103%
109 % 109%
M-N
*109
95
95%
100'4
21
100%
108 Vo
110%
108
110%
110
1
A-O
95'/4
66
88 %
95%
F-A
121'%
121% 121%
10
119%
122
.—1965
J-D
106 y4
105% 106%
133
101%
107
B———.1968
J-D
A..
series
series
*100aV 100'4
M-N
M-N
May 11948
112
112
108
112%
34
95%
50
89%
101% 102%
75
96'%
102%
44
95 %
102
A-O
gold 4'%s—-—._——1970'
94%
101%
101%
101% 102
94%
94%
95'4
111
90%
111% 111%
A-O
& fEastern
108
4s.
ext...—.I960
Apr
5'%s—1974
54
A-O
...Apr 1990
4s
10
11114
94%:
Union Ry
Marquette 1st series A 5s.—.1956
.1956
9 V%
113'%
96
95%
81'/4
J-J
B_———
series
General
series
gold.4'%s
109'
109
Electric
Phila
1st
&
75%
69
81 '/4
34
64%
75%
361
57%
3
104%
106%
10111
4
101%
102 V 4
69
118%
111
114
108%
110
110
I'.
102'%
110
102
96
120
136
111% 111%
25
110%
112
103
1
102 '/a
103
36%
:•
102%
ni'%
•;
J-J
M-S
12'/4
72%
*114'%
J-D
ref 3'%s_—-1967
551%
5%
*119'% 121
J-J
;
44'%
,
106%
101 iU
F-A
Philadelphia Co coll tr 4'/4s_.___ .1961
^
110
..
4'%s series D——_
154
67%
106
M-N
-1981
81'4
80'%
J-D
series C_—..1977
201
74
67'%
M-S
B———_—.1974
43
12 %
9
112
*106%
J-J
4s
55%
53%
F-A
;
Pekin
&
M-S
92
15
•
105'%
104
107
*107% 109
108'%
101
'.
*106
103%
106%
17
F-A
mtge 4'/4s series
General
71%
2
108% 108%
4 109%; 110
__
103%
J-J
1969-
Light 3'%s
stpd dollar
General' 5s
•
26
92
37
102%
'
1st &
,
111
Ill1,4
116%
64%
70
112%
100
16
lii'A
117'%
111
iny4
100'
ref
Stamped
47"
55%
65'%
79
60
71'%
tSAPhilippine
;
~
101 Vb
101%
34
40
:
42'%
"
•
.
:
'•
34
42-
67
40
40
31%-
40
57
42
37%
41%
31%
40
312
■
33
"
v
-
177
v
35
471%
46
48%
A-O
59%
58
61'/a
145
M-N
13 y4
12'%
17
280
;
31%-
644
48%
"61%
8'%.
!
17;
518
4714
36'A
47%
.
70
94%
96
10
...95%
12%
4Vi
4%
*
49
*111
106
433
370
8
55
50'%.
90%.
6%
2
41'4
96
-12%
8
50 Vi-
106
.
108% 108%
v
11%
195
8%
10514
11
5%
6%
116
4%
6
debs.yi.— .1951
J-J
109 *4
M-N
105 Vb
Petrol T%s
D
1
(
.
Series G
1
"
guaranteed.—— .1945-
4s
105
104
3'4
27
12
105 V4
6%
5Va
10
4%
5%
108% 109'/4
66
104%
1091%
105'% 105%
6
105
105'%
F-A
.1949
Series E 3'%s gtd gold_____;
F 4s guaranteed gold___ .1953
Series
-
Series I
H
Series
Gen
J
.1957guaranteed
guaranteed 4s__. .1960
4s
cons
cons
cons
Gen
mtge 5s series B_
4'%s series C
-Pitts Coke
Pitts
Steel
1st rntge
Pitts Va
Pitts &
&
&
Iren
M-N
-
ya¬
M-N
J-D
.1975
rn
4'%s A.i. .1952
J-D
4'%a series B_."
.1950
.1943
111%
111%
1
112%
114
2
119%
121
5
119%
121
10
105%
110%
121
121
121
6
105
111 Vb
106
105%
14
100
99%
16
95
100
98'%
99
3
98%
100
98'%
98%
105
99
J-D
Char: 1st
4
110% 111
105%
M-S
.1950
111
111%-111%
110% 110%
A-O
J-J
110
__
121
F-A
.1964
"
112% 112%
in
F-A
.1977
...
;
conv
•
.1970
guaranteed 4'%s.
*111
J-D
.1963
i
'4'%s
mtge 5s series A....
99
2
98'%
100
60
22
M-N
1st
W Va
mtge 4'%s
4s
gtd
1st 4»%s series A
110.
'
10'%
J-J
Seri >s
:
40
49'4
20'4
..193T
1st s f 4s—_...
ACertificates. of deposit-
Series
421%
37%
<
101
105 V4
,M-N
"
26
Pittsburgh Cine, Chi & St. Louis—r
!
-
,32%.V42'%
-
Ry
Gen
43
45'%
..1962.
24%
11
M-S
-1949
Philip- Morris Ltd deb 3s—
■
24%-
•'
...
103
J-J
——_
——
AConv deb 6s
.
J-D
-1973-
t A Phila & Read C & I ref 5s
65 Vi
40
39%
-1971
mtge 2%s
71%
'
38'%
50Vi
2
53
104% 105'%
A-O
gold 4'%s; series C_.1980
Phelps Dodge conv 3'%s deb__i.__.1952
Phila Bait & Wash 1st gold 4s.
1943
102'/4
3
91 VB
10%
75
78'%
*106% 107*4
105
J-D
1st
101'A
99%
18
99% 100
102
v
-
73%
75
*-_
F-A
3%s series C
1970
smking fund 4'%s„——I960
A Income
Vi'' 72%
100
101'/8
71%
„
105
102% 103%
M-N
mtge
Peoria
77% ' 84V4
446
72%
71%
•
41%
-
98'%
98
J-D
——1952
E
.———1984
."Conv 'deb 3Vi-S.-v^—"—1952Peoples Gas L & C ref 5s
1947
'
69 Vi
—
96'%
95%
M-N
debentures..——..1974
4'%s
'1st
__
98
J-D
A-O
1st & ref '4%S A...1977
&
Power
Peoria
50%
48%
.1
•
53%
83
'
A-O
9 714
98
14
6
96%
•
62%
7
59
1
53%
*101 Jo
J-D
104
J-J
B—i—1966
I,
—
General
■
77
57
44 56
J-J
M-N
J-J
J-J
109
3
104
J-J
3yas trust ctfs D___1944
4s_,
Debenture
82
75
53
127
62%
60 Vi
..i_1948
4.1955
1
104% 10414
M-S
General
69%
83
77
6S——_
;
110% 110%,
J-D
81
40
4s——1993
95
J-D
80
^70%
■
92%
__
J-D
J-J
42.'%
1st'cons gtd
111%
Gen
401%
El Lt & Pow 3yas——1965
N Y Rys prior lien 6s stamp—
1958
N Y Steam Corp 1st 3%s_„
1963
112%
110'%
76
38%
N Y -Queens
111%
11
67'/4
41%
4s
N Y & Putnam
20
111% 111%
232
39'%
M-N
111% U2%
111%
75%
65 Vi
M-S
*94
111%
J-D
Pennsylvania RR cons gold 4s—
1943
,i
Consol gold 4s
——1948
100'%
849
57
M-N
1992
109 va
100
J-D
5s_1949
Ohio & Det
Cons
181
J-J
—J.1954
99 '/4
;
58
44'%
58%
...1956
4s—
65
J-D
4'%s series B.1.2——.1981
Penna
65%
7
•
t A Harlem River & Port Chester—
1st
Va
Pennsylvania Co—•,
61%
63
64
*100,
J-D
106
1964
—..1963Pennsylvaiiia Glass Sand 3'%s
.I960
60%
*117
J-J
14
99 Va 100
100
J-J
1971
Gtd 4s series E trust ctfs
.3.1956
{AN Y-Ont & West ref gold 4s
110%
110'/a
108% 108%
J-J
75
Secured
4s___
L-1.1967
109%
109%
*110
J-J
78
47
44
1957
deb
109 %
103
52'%
1940
AConv
106%
3
F-A
41
,
r.
105%
107 '4
11
74
*
A-O
104%
106%
A-O
126
certificat*
deb
A Debenture
M-S
109 '/a
109'% 109'%
General 4'/4s series D___.—...—.1981
.
M-S
..3.1947
109%
107%
106 %
62%
J-J
..i_1947
deb
109V4
1
J-J
M-S
Paterson & Passaic G & E
Phillips
ANon-conv
•
■
..
16'%
109
J-D
52%
•
■. •
12
106%
110
373
.110
.
27
~9
1946
6s___.
52 %
91W
'4'•
161%
*104% 117%
—.1944
deb
88'%
70
,
~-
.
*110%
61 Vi
4 >99%
4
16 Vb
*109'%
59 Va
102
...
108'% 108%
M-N
.1945
Pictures 4s
Trans
108
55 Vi
4 72
'
M-N
ANon-conv
112
110%
107'%
—
M-N
NYLE&WDk& Impt 5s.—_'—1943
110%
111%
M-S
.——1938
80 V4
2
100% 100 Va
—•
■•••
F-A
^.1973
109%
J-J
ext gold 4s..1938
106%
57%
M-N
4 Vis series B_._—
5
110
*111%
104
gold 5s_
106%
58%
?4^4 84
J-D
series A.——1973
60%
56%
102%
El 4's series G__
39
55
A-O
—.—2000
3Vis
55%
gold 3s loan ctfs_—1955
debentures-1956
f
s
Parmelee
58
58 Vi
;
4
gold 5s_—1948
gold 4s_
—.1949
62
A-O
A-O
RR
60%
50%
Broadway Corp—
Paramount
90
62%
v
f
A-O
Pow
59 V«
J-J
& 111
82%
•
58
62%
A-O
F-A
.
1st
Co
134
*74%
J-ID
..
60
M-S
5s__—1946
87%
107%
62
81
A-O
'..1965.'
ref'3Vis series E_^_—1966
&
60%
74
M-S
1947
—
71
55 '4
J-J
3'/4s series C—.1—.1966
1st s f gold 4'%s._y.l955
mtge
Paramount
"• .'-v.-
...19654,
1951
Connecting RR 3Vis
66%
43
60
A-O
mtge 3%s extended to—
1947
debentures——————.1950.
464
F-A
Panhandle East'P L 3s B—..I960
.61%
7.. 58%
F-A
———1978
70%
60 %
3
124
*1041%
F-A
•
4 >
—1974
104
69%
59 %
103 % 103%
ref M 3s series K—
&
Ret
.
Pere
New York Chicago
56%
69%
60
J-D
122'%
59
100%
,/•//% 55Vi'
'' J-J
F-A
F-A
55 %
45
J-J
•
70%
'''
—
56
78
40%
...
107
5s__
Pacific Tel & Tel 3'/4s series
78
70
•
*42
-
:
1st
48 Vi
87%
.
J-J
46
82
48
..1946
87
52
'.y;
*45
r
1
11
106% 107
M-N
J-J
1997
42
72%
108'% 109
Paducah
107%
■
A-O
registered
:
—1997
Lake Shore coll gold 3%s__—-^1998
3Vis registered
;
—:—1998
Mich Cent coll gold 3Vis
1998
3Vas registered
1998
69
90
222
J-J
1st & ref mtge 3%s series H—1961
1st & ref mtge 3%s series I——19661st & ref mtge 3s series Jf—.——1970
Gen
"3%s
5
47%
J-D
118%
82
—
1952
77%
—1966
3%s
Elec
&
117%
89
F-A
Conv
81%
77%
46
J-J
.1967
4
110
«
—
A-O
A-O
RR
81
4714
Q-A
4s__,—.—.1965
mtge
§APac RR of Mo. 1st
77
6lVi
\
63
,y,'.
-//-y 601&
F-A
61
%
——
V 4 58
A-O
65%
—
62'%
4s series A—.——1998
Central
Y
50
81'%
10
"
F-A
Ref
50
50
50
Q-J
Q-F
3'%s—4———.1964
Guaranteed stpd cons
.
.
10-year 3%s sec s f
1946
& impt 4%s series A_——2013
Ref & impt 5s series C——2013
N
48
Q-J
Teleg 4'%s ext.——.1944
122 Vi 122%
—
..1945
Vis.
—
Power Co—
States
1st mtge
debentures..
1st
Newport & Cincinnati Bridge Co—
General gtd 4
__
50
impt 5s series D.„^—....2047
(Wise)
4s
-
*116'%
—
,§A2d ext gold 5s.——..
74 Vi
B———_:.__2..A*-1954yy/-A-0'4/;'.y.7y-64%y
ACertificates
Alst
104%
M-S
A-O
Guaranteed
;
105
103
119
;
97
75%
,t—
110'/b
A-O
t§AN O Tex & Mex n-c inc 5s—1^1935
ACertificates of deposit———
12714
103'%
1974
ref 5s
&
117% 117%
—
F-A
A-O
J-J
J-J
A-O
J-D
J-J
40
106'%
*95
J-J
J-J
J-D
O & N E
124%
9
112'%
68%
•
*117% 118%
Consol Gas cons 5s—1948
N
5
104%, 105
*103% 103%
Oregon-Wash RR & Nav :4s—_—i.1961:
Otis Steel 1st mtge 4'%s ser A.—1962
,
England RR gtd 5s——1945
New
78
45'%
126% 126%
F-A
*107
4s
('
41
103% 104%
104%
—
JANew
N.J
126%
73
29%
..
F-A
Oregon RR & Nav con gold 4s_—_1946
Short Line 1st cons gold 5s.„1946.
110
103% 103%
Newark
gtd 4Vis series B
,—1961
RR gtd 1st 4s_—1986
45
446
1949
Ore
,44'%
31-%
-
75'%
106
—
A-O
J Junction
77'%
45 Va
;
—1954
Ontario -Transmfssion
44%
35.14
•109
—
:>
90%
37.%
..
150
-
106
104% 104%
M-N
1st
76%
43
*29
M-N
...
75
.
40%
.
74%
''
106%
J-D
lANaugatuck RR 1st gold 4S—--1954
N
110'%
*112
Pacific
75
M-S
New
45
F-A
1st mtge 4s——
1967
1st mtge 3%s_——i—„1972
'
/; 89- J.
*108% 110
M-S
—1945
England Tel & Tel 5s A—---1952
77%
A-O
Ohio Edison
106
110. .113
-
v
••
.210
44%
' V
38%
38V4
F-A
Consol gtd 4s_—
104%
10414 104'%
16%
,
O
111 14,, 112%
::
■
,
43
•
,
3%s sinking fund debentures——1949
National Steel 1st mtge 3s——1965
A
102%
104%
8'%
M-S
54
.
101%
,
,
105% 106
.
"
M-N
Dairy Prod 3Vis debs———I960
Distillers Prod 3Vis——.——1949
7
1961
4Vis series A,
Pacific Gas &
Nat
112
t§AOg St L Cham 1st gtd gold 4s_1948
Connecting Ry 1st 4s—
1943
N
Nat
110%
J-J
1998
^'...2014
A
deb 3'%s.
gen
Northwestern
91%',; 96%
4,%,; 5
112'% 113
105%
J-D
1978
series A
109
1
M-N
Ohio
96%
..-..1955
Nash Chatt & St L 4s
2
112
47
r.V
A-o
.1947
599
110
112
48%
47
47%
A-O
1955
16
110
A-O
Oklahoma
.____19G8
12 %
110%
47%
.....2000
Mountain States T
13 %
Ohio Ry—
(Minn)
2,262
.....1965
debentures—j—~
6s
109 %
M-S
Northern
44
12%
,_h»__1960
—„
23
.1974
Ref &
•
48%
6%
.....1951,
4Vis
mtge
88
47%
'
9
>__u._1966
1st
85
A-O
,
48%
35%
M-N
M-S
F-A
Monongahela Ry 3 Vis-series B—1906
13
M-S
Northern Pacific prior lien 4s
.1997
4s registered
1997
Gen lien ry & Id gold 3s—.Jan 2047
t
*
3s registered.
,.—.2047
Ref & impt 4Vis series A—.^.^.2047
Ref & impt 6s series B—..2047
Ref & impt 5s series C___—
2047
Monongahela W Penn Pub Serv—
'
J-J
•
48%
10
3,831
•
4s_—1991
1st gtd gold
264
20%
48
F-A
t
t§ AMissouri Pacific Ry— 1
i;.
3rd 7s extended at A'/e -—-July 1938
Moh'k & Malone
48%
47%
13
47 Vi
—
I—--—s-—1981
ref 5s series
&
ACertificates
46%
46%
47%
gold 5Vis—
.—1-1949
ref gold 5s series H—i_1980
ACertificates of deposit
—-
A 1st
1G
88
46
35%'
...
106
%
—
AConv
19%
gold 5s (stamped can-:
of guarantee) —1945
ACertificates of deposit....——
16
M-N
deposit—-
of
16
13
Alst mtge
47 Vi
M-S
M-S
G__—1978
series
5s
ACertificates
A
RR 5s
Alst. guaranteed gold 5s_.
51
46%'
F-A
deposit——-—.'—
1—-1975
1st & ref 5s series F——;
1977
ACertificates of deposit——
4s__———
38%
16
-
of
ACertificates
,
AGeneral
High
32
15%
...1945
ref
&
tNorthern
■{Missouri Pacific RR Co—
•
Central
Gen
72%
41%
.293
52%.. 55
45
adjust 5s series A___Jan 1967
45
86%
J-J
cellation
J-J
lien
1814
Co—
series
Western
&
Amer Co
North
100
100
51
B___——___1962
ACum
38%
Low
109% 110
1967
1946
5s A
Debenture 3%s_
7%
1%
64'%
39
•
:.
103
'
lien 5s series A-—1—1962
Prior
\
January 1
No.
13%
M-N
1966
1955
deb 5'/is_—.-1950
(Md)
Southern
mtge
North
■
..
50'/a
Range Since
Sold
22%
9%
3%
J-J
16
33
1,060
Missouri-Kansas-Texas RR—
40-year 4s series
37
*15
1943
AGen mtge 5s conv inc
22%
6%
8
M-S
22
21
22%
22%
21 Vi
J-J
1st 5s.__2.1959
Kansas & Texas 1st 4s_—-—1-1990
Mo
F-A
gold 5s
Niag Lack & Ont Pow 1st
Norfolk
t A Missouri-Illinois RR
Bonds
High
*24 %
20
J-J
J-J
J-J
J-J
1-1949
—..1-1978
—__
ref 5 Vis series B
&
—.1940
Niagara Falls Power 3'%s__
•
consol
...
3Vis series B—
Y West & Bost 1st 4%s
!§AN
75
50
M-S
Q-F
§ A 1st cons 4s stamped
•
F-A
N Y Telephone
54%
74%
39
5s_.
t§ANorfolk Southern
§ A lst
J-J
1937
gold
ATerminal
108%
49%
Friday's
or
'
45
M-S
J-J
M-N
1st 3Vis—1.1941
ctfs—;—2.1934
gold 4s._
-1949
50-yr 5s series A—1962
ref
&
1937
§A2d gold 4Vis
99%
97
39
66
107 Vi 108
A-O
t A Minn & St Louis 5s
A 1st
65
107 Vi
78
78
5
99%
Week's Range
Last
Sale Price Bid & Asked
Low
,
*98
99 %
5
78
J-D
ASConsol ext 4Vis—_
ARef &
Period
High
J-D
4'%s._1939
;___1939
t AMilw Spar & N W 1st gtd 4s___-1947
f§AMilw & Northern 1st ext
t^AMilw & State Line
78
M-S
M-N
J-J
M-S
1st ext 5s___:_1940
of N J
A Midland
Friday
Interest
Exchange
Week Ended March J 9
t§AN Y Susq & W 1st ref 5s
1951
—1952
....1979
1963
gold,
Low
No.
High
New.York Stock
..
.
3Vis
&> Sag
BONDS
Bonds
Bid & Asked
Last
Interest
Period
Exchange
Stock
York
Week Ended March 19
Week's Range
or Friday's
110 %
:5;
105%
106
1st
mtge 4'%s series B_
19
106%
108%
1st
mtge
4'%s- series C
—
.1958
59
J-D
.1959
A-O
55
60%
59%
A-O
.1960
591/4.
59%
7
53i/a
60'%
59 V4
60%
54
53%
60%
Monday, March 22, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
1064
NEW YORK BOND RECORD
Sto^k
York
Week's Range
Friday
BONDS
New
Last
Interest
Exchange
Low
Pitts
1948
Young & Ash 1st 4s ser A.
1st
gen
1st
gen
1st
5s
1st
Gen
1st
El
Low
108%
Gen
118%
118%
ref
5s
J-D
A-O
77 %
75%
&
ref
5s
series
C
—1979
A-O
77
75%
77%
136
67%
J-D
&
ref
5s
series D
1980
J-D
77
75%
77
259
67%
M-S
1964
M-S
1960
J-J
63 %
63
64%
55
A-0
26%.
25%
27%
202
21%
27%
93
93
6
87%
93
97%
98
^
J-J
1966
1977
90
106
106%
—
108%
109%
Third
98
•95%
Ry 1st ref 4s
AAdj income 5s
Jan 1960
14
30
-7
14
t A Providence Terminal 4s
—1956
M-S
91
91
1
91
Tol & Ohio Cent ref & impt 3%s__1960
Tol St Louis & West 1st 4s
1950
98
13 Vi
91
1951
5s
Ave
u.
103%
*106% 108
■
.
J-D
98
A-O
&
&
J-J
M-N
—2037
—2037
mtge 8s
of Nor 111 3%s—.—1968
Bakeries s f deb 5s——.—1948
ref
Service
Purity
*
1968
1972
ref mtge 3s
ref mtge 5s
77
66
109 Vi
106%
J-D
*218%
A-0
-
22
104% 105
104 %
J-J
gold 5s—1949
deb A
1953
Tri-Cont Corp 5s conv
•
*106%
'■
105%
—
"
■
117
106%
110%
m
102
117
'
*116
J-J
98
100%
13
101% 102
L-
■
M-S
1st
112
il'
111%
106
•J-D
gold 4s__1946
221
104'/a
*110% 110%
& Elec
1st
106%
110%
146% 146%
J-J
Buff
&
146'%
221
1
Ham
Trenton Gas
145'%
*106% 107
Toronto
110%
110
—
"
91
19
'
Public Service El & Gas 3'As..—
63
77'A
106 y8
F-A
98
Car deb
■
Tex Pac Mo Pac Ter 5%s A
93%
—
106 Vi
*108Vi
J-J
83
93%
92
92
J-J
1st
77%
Gen
Af-N
1st
109%
68
Gen
—
—1957
Public
*
High
101'A
6
134
77%
J-D
t A Providence Securities 4s
1st &
January 1
Low
NO.
109'/a 109%
2000
5s
series B
Range Since
Sold
High
F-A
1950
mortgage 3'As
Pressed Stefel
&
1977
1st gold
& Pacific
Texas
Bonds
Friday's
1960
3%s
M
1st
Pwr
or
1977
4%s_:
1st
Elec
extended to
5s
Potomac
*118 Vi
Week's Range
Last
Sale Price Bid & Asked
Period
High
108%
—
i
Interest
Exchange
1974
C
series
4%s series D
Portland
n08'/4
J-D
Low
No.
Stock
Week Ended March 19
1962
series B
5s
January 1
High
York
New
Range Since
Sold
Friday
BONDS
.
Bonds
Friday's
Sale Price Bid & Asked
Period
Week Ended March 19
or
U
'
Union Electric Co of Mo 3%s
1971
,_1945
A-O
1959
*112 % 112%
M-N
F-A
'
t§AUnion Elec Ry
(Chic) 5s
9%
R
1951
Reading Co Jersey Cent coll 4s
Gen
1956
Gen & ref 4%s series B
92
J-J
Remington Rand deb 3%s—.
2
2
103
105
102% 102%
5
100%
103
26
107%
9%
85%
85'./a
78
85%
15
103%
102%
1st
land
&
grant 4s
A—1
34-year 3Vis deb—
35-year 3%s deb.i
Ref mtge 3'%s series A
1956
1960
Gen mtge 4'/2S series
Brass 3'As
7§ARio Grande June 1st gtd 5s—1939
tiSARio Grande West 1st gold 4s—1939
A 1st cons & coll trust 4s A
1949
105%
United Biscuit 3%s
100%
100%
102% 103
27
101'%
103
2
100
101
U N
8
66
100% 100%
76%
J-J
40%
39%
3%s series H
Gen mtge 3%s.series I
Gen mtge 314s series J
*§AR I Ark & Louis 1st 4'/as
t ARut-Canadian 4s stpd
JSARutland RR 4'/2S stamped
78%
77%
58%
400
456
United
MS
13 %
114
A-O
M-N
*101
M-N
1 1949
-Nov
-May 1 1952
13%
2.40s
-Nov
.May
-Nov
-May 1 1954
55%
'
2d
St
gold 5s____—1996
1st
& Adir
Lawr
St
_1998
gold 6s__
Louis
1933
ASRiv & G Div 1st gold 4s
of
ACertificates
64%
65
'•'*»-»
V
—
stpd
L Rocky Mt & P 5s
85%
1955
~.
49
55%
J-J
J-J
.-.
.
__
86%
78%
44
11
,
91
84%
'•
lien
APrior
■
of
ACertificates
,—1978
ACertificates of
deposit stpd
*
—
29%
31%
29%
31
28%
31 %
30
M-S
28
30%
deposit-
4'/2S series A__
M
ACons
J-J
28%
840
28%
26%
31
J-J
26
30%
1950
series B
5s
28
27%
1950
.
30%
101 %
101
101%
101'A
101 %
101%
'
101'A
101
,•.'
101 %
101%
*101%
1 1952
M-N
*101%
1 1953
M-N
*101% 102
101%
102
1 1953
M-N
*101%
102
102'%
M-N
*101%
101%
101%
102
102
102
102
1 1954
-Nov
.^.May 1 1955
Lt & Trac
Utah
Power
Si
1
102
M-N
•
—
,'
»_
8
102
*103%
—1951
;
101%
~
—
M-N
A-0
97
98'A
1st &
ref
—
101%
20
93%
98%
1944
A-0
98%
98%
98%
15
97%
98%
1944
F-A
98%
98'A
98%
35
98
99
1955
5s—
Light 1st 5s
F-A'
•109%
*108%
92
75%
V
Vandalla RR
1 ASt L-San Fr pr lien 4s A
ACertificates of deposit
99%
101
55%
,
73
91%
.'
99%
.
__
85%
380
.55%
91%
*75%
91%
M-S
,
.77%
7
■
.
—
101%
59%
230
85%
'■.■
M-N
2.65s
Utah
•
*ASt L Peor & N W 1st gtd 5s_—1948
L Pub Serv 1st mtge 5s
1959
-
United Stockyards 4%s w w
86%
98%
101
102
—
«
85%
85%
M-N
deposit
St
St
«*•*>»
A-0
& Southern—
Mtn
Iron
*60%
*_
J-J
..
*101 % 101%
*
M-N
1 1950
2.60s
102%
102
r-
..
*99%
..«'
M-N
-May 1 1950
2.35s
—
94%
98%
*101% 101%
-Nov
2.20s
107%
*99%
M-N
M-N
2.15s
99
•f% 19:./
107
101%
*101
1194T
-Nov
13%
107
101% 102%
102%
J-J
35
181
97%
96%
99% 101
-May 11949
2.55s
Saguenay Pwr Ltd 1st M 4'A si;.—-I960
St Jos & Grand Island 1st 4s
—1947
107
106% 106%'
97%
101
-May 11943
1.125s
108%
31%
10%
106%
M-S
9
4
173;
2
107%
M-S
2.50s
13'/a
12%
13
J-J
31%
12'/a
107%
J-D
2.45s
29
29%
MS
106%
A-0
22
108%
*108% 109
MS
12
■■
1.00s
MS
J-J
107%
Corp—
2.05s
124'%
*110'%
1934
1949
1941
107
Serial debentures
41%
27
124%
*124'%
101'A
A-O
gen 4s__
Steel
States
2.10s
MS
1967
1967
1969
Gen mtge
77%
41%
'69
77%
A-O
1977
Roch Gas & El 4'/2S series D_;
78%
Canal
101
97%
1953
debs
—
RR &
97%
33
1952
United Cigar-Whelan Stores 5s
United Drug Co (Del) 5s
J
9
101 %
1944
1027/a
103%
1
109%
100% 100%
1980
101%
13
108% 109
-
100
.—1955
60
100% 100%
100%
M-N
100%
M-N
1971
...
100% 104%
J-D
108%
A-0
1947
..1970
—
102%
M-N
J-J
Pacific RR—
Union
101% 102%
102
102%
94%
78%
12
100%
F-A
M-N
bonds
Revere Copper &
88%
166
85
85
J- J
71
85%
J-J
—1967
100%
Republic Steel Corp 41/23 series B__1961
Purchase money 1st M conv 5%s 1954
Called
y2
92%
84
103% 103%
84
J-J
deb
3s
debentures
3s
A-0
1997
—1997
ref 4 '/as series A__
&
Calif
9%
9%
103% 103%
-
Oil of
Union
19
28%
,
72
18%
28
470
20%
31%
20
31
1,626
19%
31%
204
19%
30%
41
Cons
cons
f 4s
s
series
&
Va
Coal
Coke
&
Southwest
&
1st
M-N
M-S
gold 5s„1949
1st
M-S
B
1
'
—
110'A
.
5
106% 106%
106%
5
79%
104%
92
112
82
106%
93
93
A-O
81
81%
1966
M-3
108%
93
81%.
20
72'A
82
108% 109%
„■
1958
5s
cons
Virginian Ry 3%s series A
5
82
82
J-J
1st gtd 5s
-
„
lll'/a 112
F-A
1st mtge 3%s__1972
2003
Virginia Pub Serv
Va
1957
1968
B
Pwr 3%s series
Va Elec
Iron
series A
g 4s
21
108%
110
■
JSt Louis-Southwestern Ry—
1st
certificates——-—1989
bond
4s
£\2d
4s
bond
mc
-Nov 1989
ctis—-
AGen
ref
&
93%
93%
94
76%
76%
76%
62%
61
63
1952
J-J
gold 5s series A____1990
J-J
8 A 1st term & unifying 5s
tASt
t§ASt
St
1st cons gold 4s_1968
& Duluth
V"
'•
*'
—
■
10
10
14
F-A
27%
26%
29%
1971
1952
—1989
Depot 3'/bs B_
A-0
*101% 103
——
V
Wabash RR Co—
1st
14
6%
40
518
•
29%
17
101%
101%
104
•
•'
M-N
,
*124% 125
■'
—:
16
105 % 105%
gold 4s unstamped
1950
1950
Oct 1949
1959
AAdjustment
5s
—
§ A Refunding 4s
123
__
A-0
45
44%
45
A-O
44%
40%
45%
F-A
124%
A 1st
of.
AAtl & Birm
12%
88
4%
23%
504
14%
24
23
24
13%
23>,
22%
18%
23%
22%,
18
1,290
.
24
14
23
•'
13%
15
377
M-S
4m'm* L'
—1945
A
deposit-
45
45%
18
7
22%
deposit—.
series
6s
cons
ACertificates
2%s
Oil
,
M-S
43%
40
43%
25
F-A
27
26%
28
46
15%
28
25%
26'%
28
17 si
26%
1954
2%s sinking fund debentures
ASilesian-Am Corp coll tr 7s_
Simmons Co
J-J
55
98%
20
5 9%
F-A
Sourh
Nor Ala
&
Bell
Tel
RR gtd
&
Tel
Southern
Colo
Southern
43%
F-A
31
F-A
103
J-J
106
A-O
—1979
43%
2
101
40
6s
A—
104
4
101%
103
30
103
106
106'%
105%
106%
123%
'
J-J
123% 123%
5
123
108%
A-0
4%s series C
(Cent
Aug 1949
coll)
Pac
4s
108% 108%
3
107%
108%
107'A
107% 107'A
5
105%
2
103%
104%
102
72%
86
68
80%
: 104
J-J
104%
84%
v:
85%
*80%
85
J-D
83%
1977
Af-S
62
62
M-S
60%
60%
366
63'%
—1968
Gold 4 Vis
41
M-S
29%
29%
1
F-A
*27%
A-O
26%
1980
A-O
mtge 4s
1955
A-O
Pict 6s debs
1948
M-S
gold 3%s__2000
F-A
-■
61%
284
123%
54%
.
*27'%
Warner Bros
1st ref gtd
27%
28'A
26%
26%
25%
20
93'A
36%
Washington Central Ry 1st 4s_—1943
Washington Term
F-A
1st gtd 3'%s__—1945
1st 40-year guaranteed 4s__
Westchester
.
—1950
gtd
102%
31.
Power
1st
J-D
5s E__—
.
63%
55
61%
••
38%
92%'
A
103%
119%
120
"i
108%
109%
110% 110%
2
106
111
104
*104
106
i''
*119% 129
110%
M-S
-1963
88
104
109% 109%
J-D
mtge 3%s
West Penn
94%
1
1
92'A
104
/ ^
F-A
1907
Ltg 5s stpd
—1945
28%
91
8
'
36%
92'A
Q-M
29%
J,
■
.
30
102% 102%
102%
23%
::'\5v
30
26%
93
93
104
3
110%
111%
92
92%
119
84 »A
93%
J-J
98
98%
42
95
99'%
1943
A-O
99
}£
9911
2
99
OO
1946
M-S
57
44%
57'A
760
36%
1946
M-S
56%
44'A
57'A
4,201
3 6'A
57%
Western Union Teleg gold 4%S—. .1950
M-N
93
93
94'A
44
84
94%
93'A
94 Va
81
89'%
90%
93
101% 101%
14
1st
1st
West
3Vis series I
mtge
Western
&
Maryland
N Y &
Pa
1977
gold 4s
gen
111% 111%
J-J
—1952
series A
5 %s
ref
1966
—
1st 4s
92'A
A-0
107%
1949
registered
1st 4 Vis (Oregon Lines) A
49%
34
series D
1st
JAWestern Pacific
A 5s
1st 5s
A
ser
assented
25-year
4s
90%
44
188
'
44
103
43%
103
Va
100 %
Pacific Co—
Power
1947
101
*103% 104%
A-0
1962
5s_—
3'4s
debentures—
3s
J-J
1964
1963
Socony-Vacuum Oil 3s debs—
Bourn
101
1950
Oil 3s debentures
Skelly
.1961
1941
99% 100%
99%
1952
debentures 4s
83'/a
34
40%
,
23
1933
debs—
72
49
39%
1976
5s series B
Walworth Co
Gen
Union
Shell
90
48
40%
■
ARef gen
Warren RR
1935
1935
1st gtd 4s_—
tASeaboard All Fla 6s A ctfs
A 6s series B certificates.,
88%
49
1978
tAWabash Ry ref & gen 5%s A
ARef & gen 5s
28
27%
3
365
19%
10%
A-0
J
of
ACertificates
89%
Apr
1975
B
ser
106
ARef & gen
gold stamped
8A4s
4%S
Apr
1971
inc series A
mtge inc
J-J
1981
1991
4s series A
mtge
AGen mtge 4s
AGen
■
M-S
JSeaboard Air Line Ry—
8 A 1st
W
40%
'
1
A
J-J
1947
Schenley Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
y* '.1 •!'.
63%
27%
164
'
*80
•
94
76%
,
46%
199
-1941
Paul E Gr Trk 1st 4»/2s
P & K C Sh L gtd 4'/2S
Paul -Union
J-D
85%
67
'69
40%
37
38%
■
St Paul
76
M-N
J-J
gold
30-year
5s
5s
93
-1951
J-D
.1960
M-S
.1951
M-N
.2361
J-J
.2361
J-J
West Va Pulp & Paper 3s_—
.1954
J-D
Wheeling & Lake Erie RR 4s_—_
.1949
Wheeling Steel 1st 3 Vis series B.
.1966
M-3
Wilson & Co
.1955
J-J
.1947
A-O
.1960
J.J
-1949
J-J
55%
M-N
20%
Westinghouse El & Mfg 2%s
West Shore
1st 4s guaranteed
Registered
90
101%
54'%
52%
55
51%
:
50
51%
100
89
IS
87%
83
101'A
43
57 '/ 4
94%
91
101%
55
41%
51%
103%
104%
'
58%
58'A
59%
334
53%
60%
57%
57%
59%
217
52%
59'A
97%
98
259
93%
98'4
94%
95%
78
87%
95%
Gold 4Vis
.—1969
M-N
Gold 4Vis
1981
M-N
1946
J-J
97%
1950
A-0
95
3%s
secured
10-year
San
Fran
.
1st 4s
Term
.
Conv
South
RR
Pac
Southern
1955
ref gtd 4s
1st
Ry 1st cons gold 5s_
Devel
&
Devel
&
gen
6s__
&
gen
6Vis
gold 5s
Devel
Mem
St
Div
1st
Louis Div
1st
J-J
82%
82 %
83%
407
70%:
83%
.1994
J-J
98
97%
98%
186
92
74%
74%
75%
154
G83A
75%
58
o7%
93
60
92
97
3
84
91
89%
96
1956
.1956
A-0
91%
91%
92%
A-O
96%
96
97
90%
90
90%
96
94%
96
1996
J-J
1951
gold 4s
M 4s A
3%
J-J
35
Winston-Salem S
JAWisconsin
B
1st
4s
Central 1st 4s
ACertificates
of
deposit
§ASu & Du div & term
1st
ref
&
Bell
3s
Southwestern
Tel
series
3Vis B
—1964
C
1968
Serv
Pub
*110%
M-S
109%
„
110 %
88%
37
104% 105'%
77
104%
106%
103% 103%
88 %
104%
6
103'%
104
114%
115%
88%
ACertificates
of
4s——1972
*112%
J-D
J-J
107%
M-N
107'/a
111%
tm.
107% 107%
,
18
107 % 107'%
J
112%
106
88
90%
56
49'/a
49%
20
23
617
47%
56
1
47%
49'%
239
14%
15%
deposit-
Wisconsin
Elec Power 3Vis
Public
1968
3%s
1971
1943
J.J
1948
MS
i960
15%
M-N
110%
111
*108
J-J
1st 4%s
23
*110%,110%
A-0
Service
jAWor Si Conn East
49%
107
107%
*18%
"
—
20
25
20
107%
107%
'*115%.
-
1st 4s_—1936
Wisconsin
Southwestern
—
98%
A-O
1958
4s series A
gen
deb
1st
*104
107%
-
Standard Oil N J
17
41%
103'A 103'A
19
102%
103%
1961
J-D
105%
105
105%
19
105
106
J-J
105
105
105%
17
104 'A
105%
1945
deb 3s
debenture
Studebaker Corp conv deb 6s^
Called
43%
103 %
J-J
103% 104'%
9
101%
104%
100 il
1st gold 4%s__2013
debs
1966
Calif 2%s
Oil of
2%
Apr
F-A
1953
^Spokane internat
Stand
bonds
._j)
Superior Oil 3 Vis debs.
Swift
& Co
Tenn
Coal Iron Si RR gen 5s
2%s debs
u
M-N
J-J
1944
A
M-N
1961
52
52
F -A
—
100% 100 3V
6
100
104% 105
100
...
1956
1951
u
d43
3
103%
7
102%
121'%
105%
105%
1st mtge s f
A
a
Deferred
Included in
Terminal Assn St L 1st
Gen
Rel
refund
&
impt
s
f
cons
5s
gold 4s
1953
3%s series B—1974
mtge
J- J
*121
*104%
112
122
—
111% 112
14
110%
112%
103%
*103% 105
J-J
Texarkana & Ft Smith 5 Vis A
1950
F-A
1959
A-O
105 %
105% 105%
26
105'/a
105%
1965
Af-N
105%
105% 106
21
105%
106'%
1943
J-J
Company 3s deb
debentures
Texas
Si
N
O
com
gold 5s
101% 102%
97%
97%
97%
13
101%
103
81
95%
99
89%
24
90
*101-
•=>
delivery sale not
the year's range,
not included
in the year's
n
Included In
the
year's
Under-the-rule sale
not
range,
d Ex-lntcrest.
e Odd-lot sale not
included In the year's range. "rCash sale
range.
§Negotiablltty impaired by maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds. Accrued Interest payable at the exchange rate of $4.8484.
103%
Texas
3s
—
3%s series D
103%
120
Conv deb 4s
105%
103% 103%
Youngstown Sheet & Tube—
89
90%
101A 101%
tCompanies reported
the Bankruptcy Act,
or
as
being In bankruptcy, receivership, or reorganized under Section 77 of
by such companies.
securities assumed
*Friday's bid and asked prices;
ABonds selling flat.
no
sales being transacted during current
week.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
106S
NEW YORK CURB EXCHANGE
WEEKLY
in
AND
RECORD
YEARLY
deferred delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range
footnote in the week in which they occur.
No account is taken of such sales in computing the range for the year.
Cash
NOTICE
a
and
extensive list
In the following
furnish
we
a
complete record of the transactions on the New York Curb Exchange for the week beginning
shown
Saturday,
on
It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended to include
the present Friday (Mar. 19, 1943).
Mar. 13, and ending
are
security, whether stock or bond, in which any dealings have occurred during the current year.
every
1
New
York
Curb
Week's
Sales
Last
Range
for Week
Exchange
Aero
Wire
Co
1
Associates Inc
Air
Investors
Air
Great
Alabama
Power
Co $7
Allied
Products
Class
A
5%
Jan
$3
(E W)
Blumenmui
6%
Feb
Bohack
3
Mar
1%
Jan
32% Mar
1/64
2'A
1,100
80%
1/64 Mar
800
2V8
10
1%
1/64
Mar
91%
Jan
98 3/4. Mar
3%
97%
105% Mar
Jan
_4%
30
97%
7%
•
Feb
Breeze
Corp
26%
105%
Jan
123% Mar
700
106%
Jan
112
100
13%
Jan
1,150
„25
Mar
26
——-100
•
-100
preferred—-——
Aluminum Goods Mfg
Industries
Aluminum
Ltd
Aluminium
6%
121
122 :
110%
110
111%
14%
common
»
——
9%
109%
American
Book
American
Box
108
American
Capital class A
class
Common
$5.50
—
Cities
American
British
American
Oil
British
American
'
Jan
108
103%
10
Mar
;
100
l;
1
Feb
33
Mar
% Jan
Am
Am
dep
Convertible
class
203A
Jan
100
4%
Jan
6 % Mar
l1
900
%
Jan
1%
Feb
2,500
%
Jan
%
Feb
Brown
100
12%
Jan
22
Feb
$6
82
Jan
83%
Feb
Brown
Rubber
Bruce
(E L)
%
1
American
Class
25
26%
50
7%
5%
1.2UO
Jan
7% Mar
26%
1,250
15%
Jan
30
28%
500
15%
Jan
28% Mar
1%
1%
3,300
Jan
39%
Feb
38%
39%
2,500
37%
Jan
40%
Jan
%
38%
30
2«%
~1%
1
Cyanamid class
non-voting
B
83
■7%
—25
——■
1%
11,300
%
Jan
14%
600
37 %
—10
Foreign Power warrants.
Fork
Gas
43A %
&
General
convertible
Corp
Hard
Laundry
American
Light
'•
Mfg
Preferred
Co
Amer
Potash
Seal-Kap
American
Thread
American
Writing
5%
class
A
153/4 Mar
Feb
26%
26
Jan
31
80
Jan
31
31
Equipment
175
Feb
Mar
Jan
80
"U
''a
22%
22 y4
3,100
%
Jan
3/4
Feb
22%
400
20%
Jan
23%
Feb
45
-10
8
4%
V2
4%
Jan
4%
%
57
Mar
1,800
~9-
5%
Jan
9
Mar
1,100
2%
Jan
4%, Mar
common—*
*
76'/8
76%
77%
225
8'A
7%
9%
3,500
2%
Jan
9% Mar
3%
3%
800
3%
Jan
3% Mar
3%
4
2,900
2%
j an
4
~?%
common—*
3
1
1
Corp
Associated
Breweries
Associated
Electric
of
2%
Feb
Feb
2
Jan
3% Mar
1%
Jan
2%
•
11%
700
8%
Jan
1053A
340
97%
Jan
Jan
Feb
3%
6,500
1%
Jan
3% Mar
2%
3%
31,300
1%
Jan
3% Mar
9'%
9%
8%
1,400
Jan
9% Mar
Feb
92
Mar
1034
Jan
12
Jan
5%
Jan
9U
11%
11%
1% 1%
%
lull
8% Mar
Jan
5% Mar
Jan
5% Mar
% Mar
Industries—
£1
_*
%
Feb
Associated Tel
.*
1%
Feb
Atlanta
Gas
&
&
Tel class A
Coast RR Co pfd—100
Light 6% preferred
Atlantic
Coast
Atlantic
Coast
Atlantic
Rayon
Line
Co
Atlas
Avery
6%
-
5
Voting
Tobacco
17-
5
.
A
300
28'A
Jan
Collieries
34
•
Mar
S
100
4%
Jan
5
1%
33,900
3,8
Jan
1% Mar
.7%
600
6
Jan
Mar
7'/a Mar
900
153/4
Feb
3%
700
2%
Jan
3% Mar
4Va
4%
500
3%
Jan
4% Mar
6%
7%
1,500
4%
Jan
7% Mar
19%
19%
75
16%
Jan
19% Mar
41
"7%
17'A
Jan
47%
.
10
com
5% Mar
3%
_25
class
33 %
17
3%
.
preferred—
Patoka
Jan
Jan
7
•
Axton-Fisher
Ayrshire
7%
♦
(B F)
Feb
111%
3 s/8
1%
'.1%
-
Corp
Products—
Machine—
& Sons common
69%
Jan
5,100
•i
_1
Plywcod
Automatic
Feb
5%
32 %
5%
50
Corp
Feb
111%
l
Atlas Corp warrants—
Atlas Drop Forge common—
Automatic
69%
1%
4%
.100
Fisheries
"6%
1
6%
5'A
100
18%
6%
Jan
Feb
Feb
Feb
Buffalo
7%
Rubber
Barium
Co
Stainless
Barlow
&
$1.20
Basic
22%
for
common
$5
Bunker
Burco
Seelig
1%
Jan
,
Mar
24
43A
53/8
9,000
2%
Jan
53A Mar
35%
35%
950
293A
Jan
36% Mar
53/8
5%
53/8
600
3%
Jan
53/4 Mar
2
1 %
2
18,300
%
Jan
2
9'%
Jan
12
4%
35
Mar
Mfg—
convertible
Refractories
A
12
-5
—„I
,
""
1
12
5%
HH
'800
6
*
3'
Ici
Jan
&
$3
(P
Mills Inc common
iq
Beech
Bellanca
Bell
Tel
Benson
Aircraft
of
common
Canada
trust
Hedges common
Convertible preferred
Berkey & Gay Furniture-:
Bickfords
Inc
common
Birdsboro Steel
Blauner's
For
new
•
4
California
Callite
Electric
10V8
10%
2,700
7%
Jan
11
7
5%
7%
82,400
3%
Jan
3%
4 %
2,600
2
Jan
4 J/8
Mar
61
Jan
71 J/2
Mar
Mar
7% Mar
67
71 %
20
4
4%
1,100
'
2%
200
1
60
57
60
10%
10%
10%
5 J/4 Mar
Jan
1% Mar
AV Feb
375
44'A Jan
61
100
10%
Jan
11% Mar
50
30%
Jan
31
Jan
14%
Jan
14%
Jan
12%
Jan
15% Mar
11%
Jan
14
1%
Feb
\
31
Mar
100
■
—
10%
10%
10
43/a
-
43/8
Camden
Canada
15%
.
2%
3
12
250
3
7
2,300
12
12
100
7%
51/4
80
2,7UU
Feb
Jan
3
Jan
Mar
1%
12
600
Mar
2 J/2
14
Jan
85
15 J/2
Jan
5
Jan
Feb
Jan
1%
ftt «Jah
14%
Feb
7j/2
Jan
Feb
Mar
0%
Feb
9%
Feb
9%
93A
2,800
7%
Jan
12%
14%
5,800
10%
Jan
•
88
87%
89
82
Jan
90 J/2
12
11%
12%
Jan
123/i} Mar
500
9%
4,500
14% Mar
Jan
*
%
%
100
1%
1%
1,200
——
12%o
1%
"l
/ii Jan
Mar
%
Jan
l'/2
Feb
2%
Feb
3
Feb
50o
common-
Fire
20
Insurance
—
6,600
Jan
16
Jan
~4'A
Feb
,'3.1 ii
%
'8
Jan
5
Assn
3%
3aA
1,200
1%
Jan
3% Mar
1
.
3%
3 »/8
2%
3%
21,000
1%
Jan
33/4 Mar
5
Ltd 6%% pfd—100
Foundry Ltd—
1% participating preferred—.——
25
Car
Canadian
Industrial
Class
A
&
Class B
non
23%
Feb
3%
Jan
3%
3
Jan
3 3/4 Mar
_•
——
Canadian
voting
•
7%
preferred—
Capital
City
Carinan
—-——i—1
Products
Co
&
—100
—,
Canadian Marconi—
class
_i—
A
1%
1%
9%
Co
common
:
—,
6
40 %
Carter
Casco
(A M)
Oataim
&
110
—-
Central
Maine
New
Ohio
Power
Power
Central
&
Cessna
&
Light 7%
South
Aircraft
8%
8%
91'A
90 J/2
91%
83/4
9 J/s
_1
pfd
105'/a 1051/2
100
—
$6
preferred
Neon
Cleveland
preferred
Club
Coal
Cockshutt
&
Colt's
Jan
114%
Jan
84%
Jan
92%
PAb
7%
Jan
25
Jan
% Mar
7%
Jan
10% Mar
4J%
6
10%
Jan
200
6
10%
4%
Jan
450
9%
Jan
70
5
64%
Jan
70
Mar
725
6%
6
5%
Jan
%
9%
18
%'
100
A
Jan
9«/2
11 J/8
875
9%
Jan
8%
8
83/4
18,200
3%
Jan
74%:
2,650
51%
Jan
♦
74
6
6%
J
'
J/2
78
43/4
1,200
66 3/4
30
48
85
30
76
Jan
75
Jan
6%
500
16%
16%
16%
350
85
Jan
^85%
Feb
Jan
6% Mar
Feb
6%
13
390
Jan
29
12
12
100
Co
323A
13'A
2,600
6
X83A
323/4
•
common
Corp.
•
X8%
100
32%
Jan
17% Mar
%
Feb
common
Jan
7'%
34
13'A Mar
Feb
Jan
9
Feb
Mar
2
Mar
*
Rosenberger Inc
Development ordinary
Jan
2
•
*
1
Iron
warrants
patent Fire Arms
Oil
25
preferred_100
Gas & Elec 5%
Columbia
&
Gas
St
1
Southern
1.200
1%
Jan
3%
6%
43A
6%
9,300
3%
Feb
6% Mar
2%
2%
31/4
3,100
1%
Jan
3% Mar
54%
55%
150
51%
Jan
38
39%
1,280
24
Jan
3934 Mar
1%
25,000
Jan
1'A Mar
2%
Airlines
39
1%
1%
23A
3/64
,V
74,400
17%
18 y4
2*0
%
%
8%
Feb
10% Mar
%
55%
1/64 Jan
100
14
Jan
Feb
Feb
A
Jan
191/4
Feb
3a
Jan
'% Mar
Compo Shoe Machinery—
V
3%
Jan
5
Mar
20
115%
Jan
130'%
Mar
Jan
45
Jan
Jan
42
Jan
Consolidated
%
Jan
a/4
Feb
Consol G E L P Bait
10'%
Feb
4% Mar
7'A Mar
663/4 Mar
u
% Jan
1
9'A Mar
Jan
Mar
4%
1
25
Jan
79
6%
6'A
warrants-
Jan
A Mar
83A Mar
Jan
85
Service
3%
6% Mar
13 3%
Jan
7 J/4
64
85
Service
93A Mar
Feb
Mar
50
70
Water
6
Mar
.96
Public
200
Mar
Jan
Community
200
6
6
11'%
80
Community
300
Feb
A
6,000
Jan
4%
106
7,800
10% Mar
9
Jan
%
10%
_4
Illuminating
Co
104
9% Mar
%
1
Mfg
Utensil
Plow
Feb
Feb
iou
10
Co
Aluminum
8'A Mar
9%
;
Lights Inc
Tractor
Clinchfield
Jan
400
;'
*
Electric
6
Mar
9%
*
Lambert
&
4%
8 J/2
17
"%
*
—
$7
Stamping
Controller
Clayton
Jan
-•
preferred
Auto
K 1,100
Jan
Jan
2%
1
.
L
&
7 J/# Mar
6%
10
B
P
Mar
13% Mar
Feb
_4
preferred BB
Service
7
100
Mining
preferred—
60c
800
3,800
—25
Childs Co preferredCities Service common
Cities
110'/a Mar
105
7% Jan
1
Chesebrough Mfg—
Chicago Flexible Shaft Co
Chicago Rivet & Mach
$6
Mar
-50c
Utilities
West
Co_.
Consolidated
41
114%
9
Chamberlin Metal Weather Strip Co__5
Charis Corp common—
10
Cherry-Burrell common—.
—5
Chief
*3% ~4Vb
8 J/8
pfd—100
-
Jan
15%
V
10
com—,—*
5%
38%
Jan
8%
,
Mar
Jan
8.%
i.
6
106 3/4
200
—
Mar
102
7%
3 3/4
Proaucts
6
10
6,9v>o
preferred_100
7%
Power
Steel
.
10
.
1J%
1
of America
Hudson Gas & Elec
Central
105
11%
7%
12%
•
Co_i.
Corp
York
1
1
Products——
Castle
—
125
40%
110 >
105
110
———————
Corp common—
(J W) Co common—
200
Feb
11
*
*
Carolina Power & Light $7 preferred—*
$6
preferred
_•
Carrier
1% Mar
Jan
•
6
Carnation
\l Jan
45,000
♦
—
23
10
Feb
Jan
Industries Ltd—
Feb
9%
24
Alcohol—
voting—
Jan
83/4
Feb
10
.
7%
2,300
jJi Mar
3%
22%
33
1% Mar
i\s Jan
Vlr Jan
50c
Cement Co
6,200
5
130 Vs 130'A
4%
15
9%
Corp__
Canadian
Colon
Feb
l
•
10%
133/a
Power—
Tungsten
Coloraco Fuel &
"comll•
•
page
10%
-
Fdy & Mach Co
see
10%
•
common
footnotes
10%
l
IIIIIIIIIl
14% Mar
.*
certificates-—
35%
-
—IIIIIIIlOO
&
Jan
——2.50
Sullivan
Columbia
20
IIII_1
11J/2
25
Sugar Estate
Colonial
16
convertible preferredAircraft Corp..
;
2,800
common——:.A——25c
A)
Voting
Caiamba
Mar
"3%
IIIIIIIIII
$1.50
Feb
14 J/8
& East Power—
preferred
Commonwealth
Beaunit
Feb
1%
•
Cable Electric Products
Mar
6
IIIII*
preferred--
Beau Brummell Ties Inc
6%
Jan
5
common
—
Cohn
common
Trie
(L) common—
1st preferred-—i
2nd
19 3A
1,000
-1
Baumann
"T7o
24
-.1
Steel
Co
Hill
Inc
Clark
22%
.30
common
Feb
Jan
%
1
common—
preferred1st
preferred-.
Cleveland
preferred—.
Baldwin
Co
City & Suburban Homes
Locomotivewarants
1/2
2%
300
•
Niagara
Claude
Purchase
Jan
300
1%
iV
1
—
$1.60
$6
B
Baldwin
Distillers
Forman
Buckeye Pipe Line new——
City
Babcock & Wilcox Co
300
5%
1%
1
—
preferred
Central
Birm
common
Central
4%
4%
2,800
American dep rects reg
Associated Laundries of America
Atlanta
%
5
1%
•
Wire
preferred
Central
5
*
-
7!A Mar
5
11% Mar
106
2%
■?
9%
..1
Canada
Jan
Mar
700
5
.
Co
78
600
105
-1
Refining
%
Jan
3%
Light $7 preferred-*
Art Metal Works common
Jan
2
10%
I */4
2%
*
10
si
60
1%
105
•;
common—;
■.'<>
40,400
3
xl%
•
non-voting
6
Jan
Mar
24% Mar
Jan
100
Feb
400
3 J/2
16% Mar
25%
—2
pfd
28
Mar
41
Jan
50
13
-
Arkansas Power &
&
36
Jan
13%
400
3,000
—2
Natural Gas
Oil
Jan
33
16%
'
Aro
28%
41
15
preferred—5
Paper
Jan
Feb
*
preferred—
Ashland
475
36
•5%
14%
.
Appalachian Elec Pwr 4'%%
6%
Jan
14%
Apex-Elec Mfg Co common
Common
3%
Jan
Angostura-Wupperman
Arkansas
900
*
Fence
Post
5%
16
__*
common
Feb
23
Feb
103
20
S6 series preferred
Anchor
Jan
40%
1
preferred
$8
93%
1,050
—
American Superpower Corp
1st
450
24%
24%
Co
Republics
American
American
-
Jan
24
Chemical
&
A
Feb
19 %
_100
American Meter Co
American
Fence &
Class
Butler
7,700
35
100
;
ord reg—
Ltd—
Burma Corp Am dep rets—;
Burry Biscuit Corp—
_25
common
52
100
7%
6 3A
£1
dep rets ord reg
Feb
24%
common
—
-l'u.
14%
23%
25
Maracaibo
American
5
/•"'
Jan
20
preferred
American
5
12
Feb
102%
102
25
Mach
& Trac
35%
22%
—1
Rubber Co
American
102 %
1
preferred
22%
100
10c
common
14
14'A
10
—
convertible preferred
$2.50
American
6 %
•
common
preferred—.
American
$2
Hoe
Electric—
&
Mar
1% Mar
]
American
American
"
1%
A Jan
—10
A
Jan
—•
Bruck Silk Mills Ltd
Class B.._
American
7%
18%
'
Light—
A-—.
A--—-:
Class
rets
Celanese
British
620
•
Co
dep rects ord bearer—
6%
18%
&
Jan
Feb
Tobacco—
50
83
Power
6
46 J/4
£1
Mar
110% Mar
29%
_10c
—
preferred
Central Mfg
26
31
Jan
1
prior
American
.
B
preferred
40
26
26
—
Jan
Brown
$3
1,300
1
6
"
10c
common-
10% Mar
10
50
Feb
Feb
10s
—,
6'/a
28
28%
common- —1
Co
45
13%
•
86
108
.1
uoo
Co-^k...—
Board
A
Jan
21/4 Mar
14
100
—
common
150
110%
-1
American Beverage common-
Class
Co
38%
15
3%
——
preferred
Mfg
300
♦
—
2,550
10
106
-100
preferred
14% Mar
44
•
100
Corp .class A
Class
B—A.
7%
Jan
.*
Machine
Preferred
Brillo
Jan
13
*
#
common
14%
Mar
i,
Aeronautical
,
122
common—
6%
103i
3,300
1
:'r
common
Brill
•'
Aluminum Co
Wgh
5,400
2%
•
1
Lgt & Pwr—
Bridgeport Gas Light Co
28% Mar
Feb
Jan
1,100
28%
24%
24 %
-10
LOW
14%
10
•
common
preferred
Brazilian Traction
Range Since January 1
High
14
50
*
„,
1st preferred
2d
$5
Bridgeport
common—
25
Co—
Bowman-Biltmore
Shares
*
100
—
Inc
Brewster
™1
$3 conv pfd_
14%
*
Co
et
Co common
1st preferred
Bourjois
81 % Mar
Jan
tS;
(H C)
common
Borne Scrymser
2% Mar
Jan
102
preferred—
Jan
72
Low
42%
7% Mar
27%
for Week
optional convertible preferred—•
Jan
800
32 Va
Sales
Range
1%
Feb
31%
Week's
of Prices
1
5%, Jan
2% Mar
1
common
Ridge Corp
5
Jan
1/64
(Mich)
conv
Jan
1%
80%
common
Intl Investing
Blue
400
-50
__
Investment —i
Allied
400
Bliss
Feb
19
~2% ~2%
1%
—
Fisher Inc
1,600
6%
.
%
1—3
Appliance
Southern—
preferred
&
Alliance
6
—
Electric
Alles
7
'/a
-10
:
Air-Way
Alabama
7 '/a
Jan
20%
4%
5,200
Feb
Feb
1%
2
preferred--
Warrants
6
5'/s
5
Last
Sale Price
Par
17
80
_50c
Corp..——
common
Convertible
$6
(N J)
Accessories
Aircraft
'%
7
1
Ainsworth Mfg common
o
5
B
Class
18
1
:
Friday
Exchange
High
20 y4
18
„10
common
Supply Mfg class A-
Low
Curb
Week Ended March 19
Range Since January 1
High
Low
Par
York
New
Shares
of Prices
Sale Price
Week Ended March 19
Acme
STOCKS
Friday
STOCKS
t
Conn
$3
c
extended
Gas &
to
1946
Coke Secur
1
Biscuit
Gas
10%-
1,000
*
Co
1
common-
4%%- series B. preferred-.
4fr preferred series C
Consolidated
9%
7%
Jan
10% Mar
26'%
10'/8
Jan
2 7'A
common
preferred
Utilities
•
j
3/8
4%
60-
4%
1,100
2%
Jan
613/8
1,000
56%
Jan
33/B
9,100
Jan
4'% Mar
62
Mar
111
100
3%
31/8
Jan
117
Feb
103 J/2
100
l
1069
4
60'A
Jan
107
Feb
2
Jan
3% Mar
Friday
Ranee
Exchange
Curb
Ltd., —5
& Smelt
Retail Stores
Consolidated
Mining
Consolidated
1
4'/2
—,
Consolidated
Steel
T/f
700
1%
Jan
Jan
9
83%
84%
Xl3%
15%
2,700
10 %
100
12%
2,300
12
Range Co
Gold Mines
& Reynolds,,,
Copper
—-.
Cornucopia
Corroon
Petroleum
Brewing
33a
Jan
-~.
Crowley Milner & Co
Crown Cent Petrol
(Md)
2%
2,500
12
Jan
2% Mar
17%
700
13%
Jan
Crystal Oil Refining
$6 preferred
Atlantic
Cuban
20
7,800
15%
Jan
21% Mar
Goodman
10%
500
10%
Jan
10%
Jan
Gornam
%
1,000
aa
Jan
%
Feb
r-
ft
1%
100
1%
2%
Curtis
1%
Jan
400
Jan
1%
1%
"%
ii
700
"s/a
1%
100
Jan
12%
13%
_9
1% Mar
Petroleum
5
common—
14.
Mar
2%
Feb
Mar
9
Mar
Class
24%
Jan
3'/a
Jan
4% Mar
1%
Jan
2% Mar
Hartford
57
Mar
Hartford
111
Mar
Harvard
30
IT
Dejay
,/
—50
'
..100
'
Feb
110
10
...20
Jan
Jan
;.
—
--
Gray Iron
Mich Stove
1%
"3%
1
common-
Products
—10
common
Steel
Detroit
Co
—10
—
w'
1%
3%
10,300
17%
300
Hall
Vilbiss Co
—
17%
/
7
-
2-.
—
-r
Lamp
—
Shoe
Divco-Twin
Truck
Dobeckmun
Co
10
.
Dominion
.
■
Heam
Jan
;
Corp—
Harris Co—,;
Driver
'
•
1% Mar
Duro
'.•
class B
Hosiery
•
-
.
;
"
3%
J*
1%
11
"
r.-'
1%
11'A
Lead
Picher
common...
prior preferred
4%%
6%
10
—J
Gas & Fuel Assoc
Malleable
Eastern.
Stales
Jan
9 % Mar
21 %
Hoe
Feb
67
25
27% Mar
Mar
Jan
4
Mar
Jan
1% Mar
Horn
11% Mar
Horn
&
Horder's
Hormel
preferred series A
-
t
v
Economy Grocery
Bond
Electric
B
preferred,
Electric
common... —5
29%
25%
Mar
Jan
%
17%
18%
175
10 %
Jan
19%
100
10 %
Jan
19%
Light 2d pfd A__
*
36
37%
National Watch Co
Electric
Emerson
Mfg.—
i
—
Equipment—,
&
Corp common
convertible preferred,,
Line
Inc
71,300
2
Jan
"5%
Mar
54
57 '/a
1,300
42
J an
3,500
43%
Jan
Jan
21%
-
21%
7
1,650
%
2,100
%
7
32
5%
400
1
common..
t
c
7
Feb
29%
Jan
Co.
Engine
6%
Falstaff
Brewing,.—
Metallurgical
Fansteel
Feb
94%
Fedders
30
Mar
31% Mar
4%
5,100
%
28%
29%
3%
3%
29
9
9%
2%
2%
8 %
8
•
14%
Mfg Co
:
(Phila)
Association
Fire
Florida
Ford
Power
29
9%
•
%
/lV
475
22%
1,200
2%
50
25%
8
dep
Ford
Light
pre'erred—*
ord
rets
Jan
1
A
£1
—
non-voting,
B
voting
'30%
Feb
3%
Feb
30
Jan
9%
Mar
Mar
dep
3
8%
15
5%
3,300
7%
Jan
9,800
1%
Jan
800
7%
10% Mar
Jan
8%
3%
——
*
3%
Jan
57%
Jan
64
%
Jan
88%
64
50
84
225
81
3%
4
Mar
Mar
Jan
4% Mar
3% Jan
1,000
19%
20
15%
2,200
—•
Jan
20
16%
20
bearer—
rets
1%
——
Worth
Stock
Yards
Foundation
Indus
Jan
18%
Mar
Feb
1%
1% Mar
1% Mar
100
12%
•
15%
Jan
Jan
Engineer—
Fori
Common
—.
——
—
(Peter)
Franklin
Co
Froedtert
Conv
Fuller
$3
4%
Brewing
.
Malt
&
participating
(Geo A)
conv
Co
1
preferred,,.
15
stock—
convertible
preferred
200
250
13%
13%
40
13%
*
—
50
2%
12%
Mar
Mar
2%
Jan
.
15
41
57%
100
5%
Co
Amer
Co
& Co common
15%
2%
General Fireproofing common
Ons
&
Elec
$6
P'
IL
For
footnotes
■
1st
"
preferred B
see
page
1069
1%
Feb
H '% Mar
3
Mar
44%
106%
Feb
Feb
Mar
110
4% Mar
4%
Jan
17%
Feb
20
Feb
Jan
48
Feb
1,000
too
5
.
I-
600
28%
6%
Feb
A
Jan
1%
1%
Jan
1% Mar
3'%"
•
Feb
1,100
50
36
6%
6
Jan
5
19%
IOO
2%
'i
36
Jan
30
1 %
Jan
2%
Jan
Jan
36%
Jan
•:
31
4%
9,000
Jan
Mar
6% Mai-
Jan
9
150
10
Feb
9
Jan
10
6
Jan
Mar
Mai-
9
Mar
25
Feb
8%
8%
100
22%
Jan
■i 7%
Jan
14%
15%
400
11%
Jan
15% Mar
93
99Va
400
75
Jan
99%
21%
600
15%
Jan
21% Mar
8%
1,000
G%
Jan
8%
21%
,1
_*
5
,,
—•
Power -Co.—
Iowa
50
preferred,.
convertible
>
20%
,
8
-
Feb
10
Mar
8%
Feb
Feb
'.17
,29%
20
Jan
Jan
*34
Mar
a3 %
625
24% '25%
:
Jan
23'%
Feb
113
17%
'
•
70
4%
•
14%
50
17%
68%
%:
70
4%
Jan
Jan
2,300
60
Jan
4%
2,000
3
Jan
v
'
a3'%
Jan
25%
Jan
113
Jan
17% Mar
70
Mar
4% Mar
j®u
500
Jan
Feb
50
8
Jaii
11% Mar
1%:
1%
100
1
Jan
1%
Feb
4%
'
4%
300
3%
Jan
4%
Feb
1"
Jan
3 %
Mar
%
.
V 11
11
11.
Zinc
Co
„—1*
—_
2%
3 Vk
:
32%
1,600
25
Jan
5%
2%
6%
11,100
3
Jan
12%
1,200
9%
Jan
31
31
%
12%
11%
6
certificates
58
5%
300
11
11%
600
11%
11%
11%
100
9%
9%
9%
100
9 %
Jan
—...
J.......
—•
Canada..—..—.J>
of
Great
Britain
7 'to
Service
&
6%
1%
preferred
Insurance
Co
Hydro Electric—
Registered
International
series,,
Industries
—*
Products—i
International Safety
Feb
24'A Mar
y.
24%
30
20%
Jan
25
1%
1,600
%
Jan
1%
Mar
18%
20%
600
15%
Jan
20%
Mar
72%
74%
1,150
69%
Feb
74%
12%
Jan
15
2%
Jan
Mills,——.
——•
Interstate Power $7 preferred——*
Investors Royalty.,%
——1
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute—
1
•Italian Superpower A
—*
Interstate
Mar
Jacobs
Hosiery
(F L)
Co———
Co,!;,.
i——
Mar
Jersey Central Pwr & Lt 5'%%
375
Mar
6%
6'%
7%
4,000
2%
2%
2%
2,700
3%
12
3%
300
Jan
72%
Jan
1%
Jan
l'/a Mar
300
9 Va
Jan
2
Jan
7%
—10
14%
106
15 %
107
800
40
Feb
13%
Jan
96
Jan
Feb
101
Jan
Feb
Mar
7% Mar
5,000
2%
Mar
Jan
8%
Jail
13%
Jan
16%
Jan
16'A
Feb
Jan
.7%
Mar
Va Mar
'
-
—
15%
15
Jan
14
15%
1 %
8%
1%
Jan
,~7% "7%
■
1,400
6%
5:-:
100
3%
5
A
14
/it
14.
.
37%
36
37%
50
550
12
Feb
2%
100
400
%
7'/a
Jan
Jan
32
Feb
37%
Mar
3%
Jan
Mai-
14
3'%
Jan
Feb
22
1% Jan
3
Feb
Feb
(V
300
%.
Feb
% Mar
17%
17%
350
14%
Jan
17% Mar
9%
10%
400
%
%
3,300
4%
5,500
2
1,200
.X,7«
9%
Va
-1
*•■
■
x
4%'
4%
7%-Jan
'/»
2%
Jan
10%
Feb
% Mar
Jan
preferred
.
:
Mar
Feb
Mar
4% Mar
2% Mar
'95
95
10
Jan
77
Jan
83% Mar
79
Jan
95
13%
2
,
Jan
69'%
.
1
66
2,
Jan
13%
Mar
Mar
Jan
—
K
Feb
15'A Mar
107
5% Mar
21%
3%
fW—
Mar
3% Mar
7 %
Jan
Jan
4,700
"2%
3%
3%
"2%
pfd__100
—.100
100.
*
preferred——2—
Kansas Gas & Elec 7%
Kennedy's
11%
100
6'%
Utility class A
58
%
Mar
Jan
.
Razor B—.—.—.*
—*
Class
B_
—*
$1.75 preferred,
!
———-*
$3.50 prior preferred
—*
Interstate
Home Equipment——1
International
41
1
19%
Feb
Jan
73%
shares,————*
Jan
68%
Jan
Feb
21
100
Feb
10%
;
—,50
Inc—1
International Metal Industries A—*
International Petroleum coupon shs„♦
$3.50
11%
16%
.
.*
Machine—
Cigar
11%
20
100
International
5V<
Jan
Jan
91
23
1
10
Mar
5'% Mar
10
20
1
America,.
Mar
12% Mar
60
19%
21
21
22
—
of North
6%
:
19%
100%
—100
preferred
32'A Mar
;ioa% 100%
.,£1
preferred.100
preferred.,
100
Industrial Finance v t c common
!
'
5%
12% Mar
Jan
'.
5 %
Jan
1%
4,400
11%
45
1 %
.•
50
1%
1 V's
2%
'
15
300
.1
preferred.—
29
1.000
•
Jan
Jan
—————100
125
1%
1
5%
19%
>:
1%
25%
Jeannette Glass
•
.
37%
107% Mar
34%
Jan
11% Mar
Ltd—
General Finance Corp common
5% preferred series A__
Jan
(Can) coupon——*
7%
12
20
—•
—
13% Mar
1%
£1
Feb
Feb
42
93
...
Jan
1
dep rets ord reg
75
134
*
9
100
Alloys Co
Eiectric
4,600
110
5
5
——„•
1,450
•
common.!
Mfg Co common
General
Gen
Power
preferred
Gellman
43%
■
19%
19%
.10
—
Julian & Kokenge Co_j>
Gatineau
Feb
Mar
19%
12%
15
1
Co..—
15%
2%
12%
15%
1
-
common
2% Mar
Feb
15
5
Distilling—
Grain
1%
10c
———.1
$1.50 preferred
Fox
Feb
5% Mar
200
82
Mar
Mar
15
Jan
10
4,100
3
of France-
Motor
Jan
common—_i—————.1
for
arrear
Indiana
Mar
Jan
Jan-
Canada-
of
Motor
Class
Am
10%
64
82
Jan
1%
—
reg
Class
Ford
12%
5%
5
10
$7
5%
4% Mar
15
Indianapolis P & L 5% 'h
Feb
Jan
Jan
7
900
Jan
Co Ltd—
Motor
Am
&
27%
200
*
i
M
eominoh,
Imperial Tobacco
Ireland
Jan
29
9%
—
150
500
102'%
.,2
& Refining—
.*
Fibre 'Corp.——:
^,,5
Ligonier\Ca_„———*
Registered
Feb
88
1
—1
_
67 % Mar
127% Mar
8
110
„C,
.10
L
Imperial Tobacco of
Feb
100
1
,
Airplane.
&
Mar
6'%
,
common
Co
Preferred
Aviation
675
225
3'::..'
'9%
common———...
Hardart.—i
International
Fairchild
5% Mar
....
International
Fairchild
5
Jan
34
•
42%
43.
25C
:
Inc,
Imperial Oil
Mar
100
4,700
Div
Illinois
Mar
'~6%
6
~9%
Jan
Imperial Chemical Industries— v
Am dep rets regis...
:——£1
% Mar
Jan
91
lis
-50
common
.
,50
preferred,,
Oil
5%
61% Mar
30
"3%
5 Zb
3%
7.%
34
.
5
common,...^...
preferred—I
Illinois
'
57% Mar
61%
"5%
—*
300
1,800
3
34
(Harvey) Inc.—5
V
Feb
5%
90%
x6
.100
1
Inc
Eversharp
.—4
1
Pipe
4%
4%
26
-10c
Equity
Eureka
Jan
-15
—
pfd—
Power participating stock.
Esquire
Jan
2%
6%
—1
Empire District Electric 6%
Derrick
31%
700
•
Corp———
25%
.
37% Mar
470
4%'
19
19'
Feb
30
27
Feb
59
r
warrants
Electrographic
Empire
54
59
.
4%
Hydro-Electric
Securities,—
Hygrade Food Products,—
Feb
18%
4%
•
Feb
T%:
Jan
71%..
■2 %
(Geo A)
Huyler's
Feb
18
37%
.
HummelrRoss
Feb
Jan
•
.a...
!
Power &
Option
$3
Jan
20
—
preferred——
$6
Erhsco
19%
100
Stores,,.
Share
&
$5
Elgin
900
4%
.■———1.
c
Washing Machine
Easy
Jan
525
29%
25%
Sugar Associates—
preferred
Mar
ut
Feb
.i.—X—.——— .25
Hussmann
Mar
55
_♦
*
preferred series B_.
Jan
Jaii
Mar
7% Mar
101
22%
5
i
70%
——
Humble
Feb
2
55
27%
%
i
-
28'%
Co
Holophane
Feb
10
Jan
Jan
800
75
127.% 128%
—L—
(A Ci
Jan
25%
..
a
70%
—_.10
Consolidated G
72
42
da
1%
—
200
.4% -5%
5
—
& Co class A
(R)
Hollinger
Jan
27%
,53%
24%
...
;
Chemical—2—
•
Jail
25%
54
'
.
35%
,
Feb
Jan
1,800
t
30
24%
*
Rubber
Heyden
Jan
8%
Jan
7%
2,000
1 %
•
Corp
$6
S5
9%
1%
—25
Iron
$7
Eastern
9%
1%
—100
,100
preferred
Eastern
9%
*
4,200
Jan
'
128"',
Hubbell
Easr.
m+'-m
America B non-cot com __1
Preferred
5'/o
Eagle
'
4%
Henry Holt & Co participating A
Mar
1%
400
Jan
'
8
2,400.
•
Jan
5%
"
2 %
700
3%
3%
1%
—.
".A
"%
'
*
100
common:!.-
Co
24
■
26%
■
,
Corp..__4...—
66
*
common.
common
Sulphur
Texas
21%
'
25
400
-
Light.
A._
Hewitt
56%
25
14'/a Mar
■
67s
:
30
—
RubenStein,
Class
:.
Jan
—
63
63
Jan
96
—25
Rayon votihg trust ctfs—,1
Brewing Co——
—1
Mining
Heller
._
5%
'•
Test Corp
Duval
Helena
Mar
"5"
'
Jan
—
•
Hecla
17%
10% Mar
—','
33i»
'
ZlQ
—
■
7%
-
Duke Power Co
Durham
9%
9%
•
Draper
;•
35%
.6.%
HO
stock
Paper—
convertible
29% Mar
500
-
5% Mar
12%
„
Tea-.-
——'
Dept Stores
3% Mar
Jan
100
4%
1
common—
tu-
'■
ZZZt
Bridge Co Ltd,———
IZ25
Steel & Coal B—
Dominion
z
,
——
common.,.
'•
•
'♦
common
35%
.
.,50
Paper..
Electric
Ha/eltine
10% Mar
•'
'
preferred-.'—*
7%
Diamond
Feb
7,200
,
*
5
Pacific
Co
Hat Corp of
29% Mar
'
4%
14% ' 14%
—w———I
commoji
Hammermill
Mar
11
"
De
Jan
Ill
—
preferred.?,
Mar
71
Jan
2
14 Va
Mar
45
Feb
H
Mar
—
%
100
3%
1
Foundry
Detroit
6
Jan
14%
Mar
6%
Detroit
Jan
300
4%
2% Mar
Jan
62 %'
-
1,300
71
;
1%
x3%
'
—
preferred-.
6%
f.
Jan
50
175
'
2%
71
'
'
600
53
1%
i.
■,,
2% '
:""7' .UwV'v
/'■
"
Derby Oil & Refining Corp com—.
A convertible preferred,,—..—
IIZi
Gasket & Mfg
Detroit
;
v
♦
■
53
•i
—.
debenture—^——
8'U
.
x2%
2%
class A common—.—5
preferred
$6 prior
1
i—.—
—;
Stores
Dennison Mfg
Jan
4%
_5%
45
Mar
15
30%
'
*
89 Va
Feb
Mar
11% Mar
Jan
220
14%
29%
Jan
"5%
♦
Grocery Stores Products common..25c
Gulf Oil Corp——
,—25
Gulf States Utilities $5.50 pfd—
*
$6
preferred
L:
;
—•
Gypsum Lime & Alabastine.,,
*
Jan
14'/*
Jan
89 %
—
Mines,—
Greenfield Tap & Die
Jan
30
Feb
104%
1%
i-;
&
Northern
Great
11%
...35
——
1st
15
I—I
...
convertible
A
8%
7%
200
15
34%
Jan
A.;—————.
Co,..
Atlantic
300
':
—
Rapids Varnish.
11%
11%
fit ^ ~
'i,!
•
Mills
Dayton Rubber Mfg—
Davenport Hosiery
Jan
100
68
106.% Mar
Feb
D
Darby
Jan
25
"
common———
Non-voting
% Mar
7
Feb
9
100
Jan
3%
•
Co..J.L..
class
Mfg
Mfg
Great
Feb
24
Feb
1%
9
Gray
Jan
Feb
11
10,200
13%
common
Jan
103%
1%
Feb
Grand
% Jan
6
52%
50
preferred,——4——.—
3% Mar
Jan
19%
.—_—5
$3
7%
6% Mar
Jan
580
31
'
—.i— 4,
Mfg
Inc
Gorham
3%
1%
%
68
102% 102%'
J9
Consolidated
10%
1%
800
Feb
106
1%
————-j—
*
preferred
19%
3%
43% Mar
*
.
Sugars class A
Goldfield
Mar
7
Jan
72%
Jan
——*
Coal—i
B
Class
10%
——.—*
Lighting Inc common
—2.50
Mfg Co (Mo)
—;——
5
Curtis
Godchaux
19%
•
10
Sugar
Tobacco
Cuban
5%
100
7
.
Co
Alden
$7
5
•
25c
25
common
Glen
17% Mar
*
Drug Co common
convertible preferred
Crown
Gilchrist
Jan
66
common.—
—J——
High
61
30
Feb
Mar
2
7-
(AC)
——
43%
106
68
•
•
*
.a-
preferred—
Preferred
Jan
1%
85
16
2%
III
—
International A
Cork
Crown
Jan
79
30
85
84%
85
•
—5
—
%
Jan
%
_£1
—
Co—
Gilbert
6% Mar
500
,_50
Liquidating Co—
W
Croft
40% Mar
Jan
1,200
•
C
Jan
4%
%
;
Petroleum,—,-;
Creole
$5
1%
III
common—
receipts (ord reg).
dep
12% Mar
%
preferred
Low
20
220
68
.42
Rubber 6%
&
Georgia Power $6 preferred—
10% Mar
Jan
1%
Courtaulds Ltd—
American
Tire
preferred
Jan
—1
preferred
convertible
5 'J
$3
8%
.,50
-.
——
preferred A—
SG
Cosden
Feb
15% Mar
9
750
6
5%
5%
*
com—1
•
%
Range Since January 1
High
68
43
pfd A
100
Gen Water Gas & Electric common.—1
37%
12%
common,—
prior preference
$3
Jan
9%
.
■"
Cooper-Bessemer
convertible
$6
Mar
87
Jan
76
60
Xl3%
10
Paint & Varnish Co.,,
Cook
83%
1
—
Service $6
General
1% Mar
5%
.100
—.
Steel
Rayon Co A stock
General Shareholdings Corp
:
General
preferred
prior
Jan
4%
107
2,400
Continental Gas & Electric Co—•
Continental Roll &
Jan
Public
8%
8
8%
Corp——
Outdoor AdV 6%
1%
1%
-10
Oil
Royalty
Consolidated
Jan
Low
pfd
100
preferred—•
General
General
Shares
of Prices
Par
w
38% Mar
Jan
107
.100
preferred
8'/«
3%
1,200
4%
Jan
31
450
38 '/a
37%
High
Low
High
Low
Par
Sales
for Week
Range
{ Last
Sale Price
Exchange
Curb
Week Ended March 1!)
Range Since January 1
Shares
of Prices
Sale Price
Week Ended March 19
York
New
for Week
Week's
Friday
STOCKS
Sales
Week's
Last
STOCKS
York
New
Monday, March 22, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
1066
Inc
preferred
—J.___
Ken-Rad Tube & Lamp A
Kings Co Lighting 7%
5 % preferred D.—:
Kingston Products—;:
Kirby Petroleum,—
;
pfd B.__
115%
100
12%
.
8
-
12'/2
1,700
Jan
5%
Jan
119 Va Mar
7'A Mar
12%
Mar
47
3
Jan
X.48
Mar
32
100
100
.1
1
Jan
6%
5
Jan
36
Jan
'2%
~3%
3,700
1%
Jan
3%. Mar
2%
2%
100
1%
Jan
3
Feb
JHE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
Volume
York
Curb
Last
Exchange
Low
Par
Klrkland
Lake G M
%.
—1
(D Emll) Co common
_____*
Kleinerb (I B) Rubber Co..—_
10
Knott Corp common.,...—
-1
Ltd,.,,.,
Co
Sales
STOCKS
for Week
Range
of Prices
Sale Price
Week Ended March 19
,
Week's
Friday
STOCKS
New
<
%
Jan
Nehi Corp
6 ,'6
6 V'a
'/a
200
99%
110
4Va. Jan
___—*
Inc.
Stores
10
99
99
100
preferred
Koppers Co 6%
4%
Jan
10
1st preferred,
special preferred
(S H)
Brewing
12% Mar
4Va
13
Jan
Nelson
Neptune Meter class A...
Co class A
•
______
Corp.......
(Herman}
Nestle Le
Jan
5%
1st pfd
Mur
preferred
preferred
$2
Haven
Tel & Tel—
England
New
Clock
New Idea Jnc
New Jersey
RR
(N
Shore "Mines
■■■
1
Lakey Foundry & Machine
11%
.
__1
1
26%
12 Va
3 '
\
;.f VV 7; '7'.'
/"ft
27%/
11%
A. 100
J)
Ltd
ft
Land
Arizona
Mexico
Jan
31%
8%
Jan
125/a Mar
N
3% Mar
Jan
Feb
Jan
5
Mar
43a
7%
—
4%
8
100
3%
600
7% Mar
8%
3 %
500
1 %
Jan
3% Mar
3%
40%
100
1
Jan
3% Mar
25%
Jan
40Va Mar
9%
Jan
11%
Feb
87%
Jan
1013/4
Feb
37%
3%
37%
—
--
97%
97%
—
1,600
Feb
&
Auction
Y
Co
98
5%
N
Y
City Omnibus
N
Y
&
Feb
N
Y
100
4%
68%
68%
67%
1%.
1%.
2
5%
Feb
15%
Feb
57%
Jan
1%
2,000
Jan
Jan
Jan
400
*
28
*
"3%
"3%
200
10
21%
22%
500
2%
Jan
2%
warrants
68'A Mar
2%
31
Feb
5
Corp of Delaware
ft
*
7
4'"-!>. 5
•'
ft'' ft
ft
" 500
Feb
3%
5
Honduras Rosario
18
Jan
Feb
Feb
3 %
5
Ma r
Mar
*
Lamson
Feb
13%
1
common
Mar
350
5%
ft
700
Feb
110
3 %
•■,..-/
25
Zinc
Process Co common
20%
-
16
Feb
•
New
90
2,300
3%
'
High
Jan
.
*
Co
common
New
Lake
Low
12 %
10434
Feb
New
Lackawanna
Range Since January 1
20
106% 106%
100
...
Shares
High
-•
100
*
England Power Associates
for Week
—
106%
1—100
Feb
100 % Mar
6%
100
10
1
Co___
Low
*
preferred
Feb
■6%
Feb
92
New
convertible
Kreuger
Co,.
*
..5
*
Kresge Dept Stores—
Kress
Oil
Navarro
Nebraska Power 7%
Sales
Range
of Prices
Par
Klein
Kobacker
Last
Sale Price
High
%- Jan
100
%
Week's
Friday
Exchange
Week Ended March 19
Range Since January 1
Low
ryrh
York
New
Shares
High
%.
1067
Jan
22% Mar
10% Mar
10% Mar
'
Lane Bryant 7%
100
preferred......
Lane Wells Co common'
.'
—1
Class
Leicourt Realty common
Convertible preferred
100
-
500
Feb
6%
101
Jan
2%
Feb
:
V7
r"
*
-
Merchandise
% ft;
"
~6%
__
'•'-
1,400
12 Va
U Mar
-ft.
Feo
6%
14,300
4%
2,900
i1n
Jan
ft
1,200
24%
Jan
6% Mar
Y
$6
N
Y
Power & Light 7% preferred..100
preferred
*
Shipbuilding Corp—
Founders
Feb
14
Jan
%
N
Mar
4
% Mar
.;•'-•
.
—v
—.
.'
Material
s ..
x%
/ft-ft
10
•
30
29
Louisiana
Power
Lynch
Corp
19%
W
14%
&
1
100
*
...
1
ft"'/
105'/2
N
Y State Electric & Gas $5.10 pfd_100
N
Y
Feb
3/8
■
30
•ft-
-
Light $6 pfd
•
77 ^.7'
27
7
:7
Jan
Niagara Hudson
20%
108
Feb
99
1,000
16%
Jan
21%
30
21%
Jan
105% 106%
Mar
Jan
Mar
102%
Jan
40
36%
Jan
10
2%
2%
2%
22,300
l.3/4
Jan
100
Service 67*
Water
pfd
59%
58%
60 Va
975
54
Jan
61
Jan
49
50
40
42
Jan
50
Jan
50
100
'-
.
ft ftr'
preferred
50
100
optional
warrants
Class
Feb
A
B
optional
50
warrants
6%
475
Jan
■XiS
Jan
1
Feb
Niles-Bement-Pond
Jan
30%
Feb
Nineteen Hundred Corp
Jan
27%
20
■
Class
75/a Mar
Feb
1/64
106l/a Mar
55
Mar
A
2%
Jan
63/8 Mar
Jan
7/
North
10
.103/
Jan
/ 107
Feb
18%
Jan
24
4%
100
1/128
Jan
l'u
B
%
Jan
300
5
3%
Jan
5
Jan
103%
99%
99%
90
11%
12%
10,500
8%
3%
3%
200
3%
aa
Feb
Mar
Jan
91
Jan
% Mar
Jan
22,000
11%
—*
...
Feb
Jan
12% Mar
Jan
1% Mar
1
Mines
aa
—5
Electric
Noma
5 Va
5
preferred
Nipissing
1,000
155,700
2%
200
Niagara Share class B common
4,700
■-/'ft-
Feb
107
'
1%
2d
Class
Feb
15% Mar
preferred
1st
5%
Mar
9
19%
Power common
21 Va
550
6%
107
Jan
123/4
4,400
-/
'
7
'"%
15,400 ft
6%
i
—5 ft
common
7%
5%
6%
Jan
200
30%
26%
//ft
W',
Jan
17%
200
"'ft
•-
1
•IS'
27
.
ft
7%
50
1%
28%
30%
400
14% ;•
7%
7%
*
Exploration
&
"' '
•'
100
9
19%
l'/a :
;
•'
5
ft
Corp
Land
8%
19%
•
!
Long Island Lighting common
77o preferred class A.
6% preferred class B
Loudon Packing
Louisiana
8%
5
preferred..,.25
Locke Steel Chain.
Lone Star Gas
20%
Feb
102
95%
1
.
10
.
Co
Lipton (Thos J) Inc 6%
Lit Brothers common
shares
107% 107%
■
..
1
57e
Line
10
9% Mar
7'7'
—
ft-
6 %
25
:
v
ft/'
(r-
•
Development
(R G) Inc.
.
•
.
Oil
9
'
-ft:.
*
Lehigh Coal & Navigation
Leonard
Le Tourneau
■■
."ft
W-'
7; 'ft
1
1...
8%
'ft.-.'
''
•
B
-V
.'.
'
•
Langendorf United Bakeries class A
7
'..ft.
■'
•%.:
Mar
1
3%
7
Amer
Light & Power common__l
preferred
*
$6
Class
B
•
57
V''.
/ft '
i7ir"
lit
58 %
-ft
59%
ft'ft.
27
27
650
1
52'A
4
Mar
%
Jan
62
Feb
Jan
;'
—V- i:r /- %
200
22%
Jan
27
Mar
27
27
300
23%
Jan
27
Mar
53
*
common
r,
■
lil
_____
North American Rayon class A
-
53
10
51%
Feb
"
6 %
M
prior preferred
North
American
Manati
Sugar optional warrants
Mangel
Stores—.
convertible
S5
Manischewitz
Marconi
1
57
Jan
26
Jan
11
Feb
4%
2Jan
*
Co
Feb
70
Co—
Mar
Jan
4
13
'fo
Ltd
''•7i-
*
Marion Steam Shovel—__
Mass Utilities Association
ft:
'4%
; %
'7'
700
*
4%
1
u
4%
ft
1
.
Mead
Jan
Mfg B
Stores
ft)
1
Jan
Mar
23%
1.50
•
,1
'
Chapman
Warrants
6%%
A
&
SCott
—.;
'
.
;
preferred,
Metal Textile
States
Corp
Participating
class
Power
preferred
I1/*"'.
-ft
Feb
24
Jan
Jan
2
-
Jan
ft'ft 5
Jan
ft
Co
Brass
Ohio
Edison
Ohio
Power
Ohio
Public
67*
8% Mar
% Mar
Jan
108
class
$6
B
1
400
"% '.'ft; %
Jan
/ft;: 2
Corp,
"1
4%
Steel
Co
Midwest
Midwest
shares
% Mar
ftft' 4%
Jan
gft
'• »
ft-
Jan
63«
Mar
:1,300
•
1,200
4%
7,300
x3%
4%%
preferred
Service
7%
Ltd
1st
pfd
Feb
7%
5%
Mar
Pwr &
Pictures
preferred....
pfd
Jan
Jan
$5%
1
Securities
Overseas
Pacific
Co
Can
5 %%
1st
common
1,175
; 1
400
Jan
25
1,500
'
19
Feb
Jan
ft:
57
30 %
Mar
%
Jan
2% Mar
Jan
Pacific Lighting $5 preferred
Pacific Power & Light 7 % pfd
Public
Pacific
$1.30
1st
ft/1%
eoo
Jan
Jan
Jan
50
1,050
19
83/8
_•
19%
ft
,V
iftft
9
Mar
7%
83/8
19%
2%.
104%
19%
Pen
partic
ft
43/a
5,400
350
17 /
16 Va
Jan
19
Mai-
50
200
48
Jan
50
Mar
110
113
80
Feb
115
Mar
7%
Feb
8
Feb
5%
200
3%
Jan
5% Mai-
5%
500
3%
Jan
5% Mar
Jan
31%
32
•
/
—
1,400
105% 105%
83
31
33 %
Jan
293/4
102%
83
4%
100
Jan
107
Mar
Jan
83
Mar
30
4%
$1.40
200
3%
4%
14,400
3%
6%
1%
-«200
165%
&
Power
$6
Mar
14
28%
25%
'■ •
Penn
Sugar
Prop
ft 20%
Feb
Penn
Water
&
2%
Mar
Pepperell
Power
States Tel
&
Tel—
15%
100
.
1
*
2 %
Co
1%
Feb
Perfect
6
Feb
Pharis Tire &
171 %
Jan
Jan
21%
28% Mar
Jan
''•''/
•"/ ■■•■//'"
ft-
' 1
ft.
Mar
6%
Mar
6%
120
2,100
4%
Jan
200
,13%
Jan
10
112%
Jan
120
Mar
12
Mar
120
10%
12
■'
13%
14
VVV''7:
7%
'
15% Mar
-X
•
900
9 *
Jan
100
12%
Jan
■'r'4%
Jan
Jan
63 •'% Mar
475
14% Mar
: /.
Co
Circle
100
Co
common
Power 5%
Phillips
Packing
Securities
___•
pfd...
Gold
Mines
Pitney-Bowes
Pitts
Eess
E
Meter
51
U
"
Bellas
Hess
.1 ■/
common
National Breweries common..
National Candy Co
ft
City Lines
convertible
•
-
common
'V
'-•'ft
1
National Fuel Gas..
•
10%
preferred stamped
Refining common
National
Steel
National
Tea
5%%
common
Scale
—
750
••L.'—".
.
—
-*
ft
-*■
1069
«
.
'
/
*
Powdrell
common
~
Jan
17%
Jan
Premier
Feb
46%
Feb
Prentice-Hall
.
Jan
10% Mar
90
Jan
871
Jan
Mar
170
% Mar
51%
10-i
50
5
200
7
500
5
31%
31%
21%
Mar
■
5
Feb
Jan
7%
Feb
25
31%
Feb
100
4%
Jan
6
Mar
20,500
83/4
Jan
16%
Mar
300
42%
Jan
49
600
8%
Jan
10% Mar
4,600
1%
Jan
1% Mar
1,800
7
Mar
31
5%
7%
"'•'•
112
Jan
Jan
16%
5%
1%
58% Mur
Jan
4
7
—
31
Feb
% Mar
Jan
7
32'%
Jan
Feb
6
Jan
38
Jan
39 Va
Jan
47%
Jan
58
Mar
150
10%
Jan
14
1,000
843ft!
Jan
91
2%
Jan
8%
Jan
13
56%
55%
12%
13
89
89
91
300
300
3%
— —
11%
—
57
350
3%
13
7% Mar
.
Mar
Feb
3% Mar
Mar
""ll
5
—
6%
7%
•
5%
700
Mining.
1
Inc
22%
22%
200
%
%
%
■/ft
7%
Jan
5%
Feb
Jan
5%
Jan
Jan
223-4
Feb
19
400
•
common
.
•
'
~~12
Feb
4%
5%
3.800
5
*
Co
Jan
3%
6.600
},\
7
5
•
Jan
'•
Jan
%
34
34
Feb
Feb
U Feb
Jan
11'A Mar
Jan
Gold
l'/sMar
10
of Canada
15%
Jan
Jan
4%
1%
25c
common
& Lambert
76
74%
250
31
48%
7.50
Alexander
&
Power Corp
Pratt
'
3
Mar
3
Mar
CO r-
Jan
94
% Mar
6
Feb
Pressed
Metals
of
America
1
Producers
5'/a
100
%
5%
3%
5,000
5%
Jan
%
Jan
Corp of Nevada
Prosperity Co class B
1
Providence
*
7%
Jan
Public
—-'
3 Va
■-
700
40
100
14%
Jan
638
Jan
10% Mar
Feb
40
40
9%
Jan
7
13
7'A
100
7
Jan
13
13%
1,700
11
Jan
2%
<
2%
page
_
IOV2
143/i
•
Mines
.
40
preferred..
see
-
"A
—
•
U Mar
Sugar
Jan
•
Gas
4
100
iV
4
5
Mar
Jan
Feb
Jan
83« Mar
Service
of
Colorado—
•
_
Radio
footnotes
94
10 VB
*
ft.
*
IO734 108%
10%
I
Mining Co
Potrero
Feb
Mar
150
200
1%
25
Mar
53
32
50.
Glass
12 3b
Jan
■
*
...12.50
&
—'
93%
Jan
16
Feb
8%
6.800
__
National Transit
Union
94
_
Sugar Refining
National
Ltd..
•
12%
-
9
500
>
;v
107%
56 Ve
10
44%
50
7/7
10%
«
Machinery
Car
lOVs
»
National
Rubber
11 »A
--
National Pwr & Light $6 pfd
unstpd..*
National
46
10 5/a
/
?
.
•
common
/.
:"
10%
-■
•
.'•'
•
46
ft
3,700
'
1
(Del)
Mfg & Stores
--..%
*
«
preferred.
Container
Tunnel
',.%
Jan
10
56%
9%
Plate
4% Mar
Jan
400
~,V''
47%
•
RR
Jan
Mar
%
50
47%
1
Jan
9%
35
"
*
Metallurgical
Polaris
:'-
vft*
Feb
3%
70
15
Pittsburgh
Inc
Feb
32
210
87
15%
50
Pneumatic
•
90
86
10
Ltd
Postage
L
&
32
Feb
1,100
1
Pittsburgh & Lake Erie,.
Plough
ft:
l'/a
89
*
common
ft, Conv $3 preferred series A
Pierce Governor common
Pioneer
Jan
12,300
159 % 159%
25
Co
'
•
;
12%
%
1
Philadelphia Co
Jan
27%
•
Rubber.
15% Mar
28
14,800
10 Vh
87
♦
Co
Pleasant Valley Wine Co
N
Nachman-Sprlngfilled
4%
20
common
Power
4%
90
Pittsburgh
8%
-
30
19% Mar
Jan
44
50
8% Mar
57"
11%
100
)•'
~2%
1% 'Jan
1.900
35
Jan
600
Feb
15%
ft 6%
ft' 15%
J.-*'
IV
•
common.,
preferred
"2% 7~2%
2%
6% '
*
common,
;
Mai-
28%
•
Co
Mfg
Jan
20%
100
15
Feb
5% Feb
6 %
32
•
Mfg
Phoenix
—
35
*
Light $7 preferred
Mar
9
Salt
Mar
21%
*
preferred
Penn
l3/a Mar
165-
80
Penn
Feb
Jan
<
Jan
4% Mar
Jan
200
14%
11%
Mar
79%
6 Va
•
A com.
16% Mar
Jan
5 Va
25
common
Feb
6 Va
i
1
Airlines
Cent
Jan
4%
'
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
Jan
Jan
72%
1
A
Jan
15%
10
preferred
<
73
*
Corp..
10% Mar
Jan
•
Penn
7
Jan
.'./'>%
5%
♦
Feb
600
/
ft.4%,
10 %
Jan
4,900
•
*
pfd,.;
Feb
10
18'A
•
common
Parkersburg Rig 81 Reel
Patcliogue Plymouth Mills...
Peninsular Telephone
common
•
2% ft
165
*
;
Feb
Jan
8%
1
101
Jan
1%
ftft
1
Murray Ohio Mfg Co.,
For
103% Mar
28%
1%
Jan
5%
ft"' 8
200
10
;
Muskegon Piston Ring,
National
109%
5%
31%
Pennroad Corp common.
59% Mar
Jan
!•'
300
ft
1%
__1
A
6% :7
:
ft,'..;. 9
1
5c
National
Jan
8%
'
2 % Mar
Jan
100%
■Vft'ft
9
10
$6
1133-4 Mar
107
125
Jan
18
100
Service
Penn Gas & Elec class
*
States
National
106%
.5,
.
3% Mar
5%
;
•
preferred
Page-Hersey Tubes
8% Mar
"14
50
.2%
.
18% Mar
6%
1%
■
ft ;2-:;
2.50
Producers
$3
40
ftft
.25
Co
3/4
City Copper common,,
National
Feb
280
25
Motors
2 %
Mountain
National
Feb
94%
*
:
1st pfd
preferred
Paramount
8
Mountain
National
197 a
Jan
113
__
'
Pantepcc Oil of Venezuela Am shs
2'/«
Mountain
•
Jan
1
9%
Mar
Mtge Bank of Col Am shs,
'
Jan
91
--
*
7% Mar
pfd_.__100
common
Utilities
Moody Investors
'./
2%
17%
120
.ft
':
Filters B
Phila Electric
"•
:
3,700
49%
ft;
prior preferred..
conv
United
Omar Inc
Jan
Feb
100
Ward A—•
!
Montreal Light Heat & Power
}
'
300
103'A xl04%
...■'•;ft.
50
...
1%
8%
55 %'
Montgomery
67c
3Vs
19%
93 %
108% 109%
■
common_.__.15
5% Mar
•
common
Society
Dakota
30 M
1
Monarch Machine Tool,.:
Muskogee
3 Va
112% .113%
.'
5
.
Jan
30 %
19
Light 7%
Voehringer
Molybdenum Corp...
Mountain
Feb
Mar
19%
112%
100
;>
common
Jan
15%
Mfg....
&
Jud
Montana
"-'7-
29
Supply
&
Mining
Monroe Loan
Mar
22
106
92
100
4,600 ft ,ftft'4%
-ft 9
ft-':
7 'A ft'ft
ft
•
•
Missouri Public Service common..
Monogram
7
Jan
//
19%
100
%
16,100
If)
...
Mississippi River Power 6 %
Mock
1%
50
Co
Mining Corp of Canada....
Minnesota
Jan
16%
*
$3
5% Mar
ftftftl
ft/A %
*
Refineries..—
Minnesota
4 Va
500
Products—
Piping
Mid-West
6,700
•
•6%
common...
Oil
Mar
6%
20'A
'
6%
Abrasive,—'
Mid-West
102%
6Vb
Feb
Jan
1.100 ft
-5% '
ft
ft/ft 1%
$2 conv preferred,,*
82 non-cum dividend
Midvale
20
Feb
Feb
19%
*
Parker
Midland
102% 102%
95
31% Mar
18
450
4% ft
4%
5% ft
1%
__3
common.,:
Midland Oil Corp
Jan
Mar
Mar
2
Jan
V-
3,100
% 'ftftl
1
Corp
82
4%
_J_.
•7
/
«%" 'ft 7%
4%.
1
...—:
ft
7%
10
v t c.
West
10
Feb
1%
ft
Mar
"
ft ■ 28
5%'
5%
Middle States Petroleum'class A vt c_l
Middle
93
];!
Feb
%
3%
♦
common
preferied
Oklahoma Natural Gas
Oliver
98%
7:
—
■
*
,—
....
Hone
6
20
4
,
1st preferred
Oilstocks
22 % Mar
"a Jan
100
1%
-ft ft
2.50
Preferred
B
102 %
25
*
Pacific Gas & Elec 6%
Class
4
O
Jan
.',7'7^. '■■■
•"'( 7
.,15
Michigan Steel Tube.,:
Micromatlc
Feb
100
'
1 Va
.
Metropolitan Edison $6 preferred,,
•
Michigan Bumper Corp
__1
Michigan,Sugar' Co__
A
Corp
Ogden Corp common
Mar
"
105
25c
-
.
3%
19
ft'"'-:"ft"'.-ft
105
100
1
_
ft
137
Jan
Jan
■ft 4,900 :
8%
-ftfti
—
Messabi Iron Co
7%
.
Jan
ft: ft 2
'ft--:;' ''ft
8
•
Jan
2%
"
Merritt
10
ft-- 21
7';';V-7t;
~
2% Mar
ft
■"/ Jan
125
1,800
class A—1
preferred
8
ftftft.:; 50 :ft
3%
23
•
200
ft--'
537 Mar
ft
Jan
1%
1,100
-
9%
137
3%
;d
common
>
137
*
'
"2%
9%
•
common
Merchants & Manufacturers
Participating
| ftft~2%
2%
*
ft
Co..
&
100
%
4
93
CI
pfd.100
4% Mar
Jan
2,000
.
,
*
Dredging,
Johnson
Mercantile
6%
Mar
'
100
%
4
-:■;./
—
50
preferred
Novadel-Agene
Ohio
Memphis Natural Gas
Co..—
%
ft'
Feb
3V4
V: 4%
ft.
t c
v
Massey Harris common—
McCord Radiator &
5
Com¬
Margay Oil Corp...
McWilliams
•
Oil
Public Service
Nor Indiana
7
Securities
Texas
53
Mar
Jan
RR
Penn
Northern
*
Marine
North
Feb
28
*
Mfg
International
Co
•/ 200
4 '/a
Jan
2
preferred
(The B)
munication
4',8
1
ft:
Consolidated
Mapes
%
3,600
Utility
Central
Northern
50
2ft
.
"
2%
2%
300
"
Feb
xl5% Mar
7'A Mar
133e
Mar
200
23/a
Jan
2%
4,500
34
Jan
2% Mar
Feb
'
6%
1st preferred
100
105'A
Feb
1061
Jan
1%
1st preferred
100
111%
Feb
114
Jan
108%
Feb
Puget Sound Power & Light—
$5
prior preferred
$6
•
Sound
Pulp & Timber
Pyie-National Co
Pvrene
common....
Manufacturing
108
*
preferred
Puget
49
•
;
10%
107
48%
108%
51
950
52
3,900
10%
10%
300
5
10
10
100
10
8
8
200
Feb
1034 Mar
.
10
Mar
8% Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1068
STOCKS
New
York
Curb
Week's
for Week
Last
Low
Par
Low
High
Curb
York
New
Stroock
70
Jan
85
Mar
146
Feb
156
Feb
110
84
82
84
(Si
Sullivan
.100
(Hugo)
Machinery
Sun
Finch
Oil
Corp
Jan
12%
Jan
17% Mar
16%
1,100
13 V*
Jan
17%
3%
6,700
7%
"3%
3%
Jan
l7/a
Jan
43
12%
•
15
;
%
•
50
50
.
High
Jan
17%
16
16
.1
preferred
Superior Port Cement class B com
Swan
Low
17%
*
1
convertible
Range Since January 1
High
%
•
Co
Oil—
51/2%
Low
Shares
5
Corp
Ray Drug Co
Sunray
for Week
Range
of Prices
Par
Stinnes
Quaker Oats common
6%
preferred
Quebec Power Co
Last
Sale Price
High
1
Sales
Week's
Friday
Exchange
Week Ended March 19
Range Since January 1
Shares
of Prices
Sale Price
STOCKS
Sales
Range
Friday
Exfbnnge
Week Ended March 19
Monday, March 22, 1943
50
12%
9%
Jan
Feb
3V2 Mar
Jan
49
12% Mar
Mar
12% Mar
9
8% Mar
Mar
R
25,000
37a
Jan
1% Mar
10 Va
10%
175
7%
Jan
10% Mar
%
—10
—1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
$3 convertible preferred
.*
Raytheon Manufacturing common._50c
Voting
1 %
%
200
%
Jan
% Mar
1 Va
Fadto-Kelth-Orpheum option warrants.
Railway & Light Securities
common
Railway & Utility Investment A
Roller Bit
6%
•
9%
16,500
%
9,800
%
400
21%
25%
25
25
Stix
Rice
200
10V4
Tilo
Co
600
24
10'/a
1,700
17%
9%
6,400
6%
I100
pfd—.
105
105
10
105
Roofing Inc...
Allied
4% <Mar
Jan
Tobacco
Product
Jan
9%
Feb
Amer
dep
1%
Jan
1%
Jan
Amer
dep
aa
Jan
%
Jan
5%
Feb
21 Va
17'/a
Jan
21 Va
Mar
5%
5%
400
%
600
5%
%'
%
4%
%
43
300
3%
Jan
95 Va Mar
13
2%
Jan
14%
def reg
....
Shipyards Corp
Toledo
Feb
Edison
7%
8%
9%
800
Jan
3%
3%
800
7%
2%
9V4 Mar
Jan
4
2,000
2 Va
Jan
3% Mar
Feb
6%
64
64
...
140
65
"
Feb
Trans Lux Corp
16
Jan
17% Mar
Tri-Continental
49%
500
1,500
Feb
58% Mar
Trunz
Feb
21% Mar
Tubize
Chatillon
6
1,400
Jan
6
4%
5
3,000
3%
Jan
5% Mar
4
4%
400
■3%
Jan
4% Mar
1 %
2,100
3Vi
103
Jan
Mar
109%
Jan
Class
i74 Jan
Feb
1
2%
2%'
3%
20,000
1%
Jan
3%
9%
9'/«
9%
2,100
6V2
Jan
9% Mar
37a
Jan
%
Feb
4%>. Jan
~7Va
Mar
%
%
1,800
6%
~7'/a
5,500
50
1,050
...
Mar
——
6%
i
Corp
1
A
convertible
49
.
preferred—,—
48 %
'
Jan
50
Mar
1%
Jan
3% Mar
600
6%
Jan
8 Va
2%
800
2
1%
100
3%
7%
8 Va
2%
1%
-
2%
8 Va
•
39
1,500
3%
...1
Tung-Sol Lamp Works
80c
1
•
Mar
1% Mar
"
n
■
Mar
Jan
Mar
-10
—_.
warrants..
2%
65
Maiv
100
■%'
1
:
Inc
:
Jan
107
50
109%
109
.100
Trans western Oil Co
19
17%
58%
~i%:
Feb
3% Mar.
102
.100
preferred
preferred
Tonopah Mining of Nevada..—.
Mar
53
■
16
56%
5%
Feb
Mar
45
rets ord regis......
recs
k
4%
5%
Jan
1%
3%
~
~6
Jan
'Jan
Feb
-
91%
1
,•—*
l—1
Mar
3%
50
Tobacco Security Trust Co Ltd—
Todd
3%
105
300
Exports-
Jan
200
~i%
3%
Mar
5'/a
Realty & Construction.
4,200
7
58%
Mar
4%
Stocks—.—..
10%
Va
Mar
10 Va
21 %
1
...
&
9% Mar
9
Feb
24
5
Tobacco
10%
———j—S
Root Petroleum Co——
.—1
$1.20 convertible preferred
-20
Royal Typewriter
—*
Royalite Oil Co Ltd
*
Russeks Fifth Ave
—i~;
2%
102
4 Va
Jan
Jan-
2
common
Tishman
3
Field Inc—
Aeronautical Co
——;
Ryan Consolidated Petroleium
Ryerson & Haynes common—
Light 7%
& Land Co
Shovel
Feb
8,900
%
3%
21%
9%
Mar
12%
2,300
Pendleton Inc
Ryan
Thew
25% Mar
Jan
Jan
4 Va
1%
3%
23%
Feb
10%
pfd D
100
——♦
Cable Corp common—:
5
Rome
%
4
Rochester Gas & Elec 6%
Roosevelt
Jan
3%
*>
common
&
Power
Texon Oil
Mar
10
Richmond
Radiator
1
Rio Grande Valley Gas Co v t c——1
Roeser &
9%
i\T Jan
1,800
Texas
50% Mar
Jan
4%
1
•
Goods
Dry
--
12%
12 %•
12 Va
——.-1
Republic Aviation
Rheem Manufacturing Co
*
%
%
—50c
Reliance Electric & Engineering,.
5
Reiter Foster Oil Corp
Mar
16
Jan
Mar
50
150
2%
%
-*
Co
16
50%
14
8%
—1
Red Bank Oil Co
Reed
13%
1,100
15%
50%
3% Mar
1
Taggart Corp common
Tdmpa Electric Co common
Technicolor Inc
ris
U
St
St
$2
A
•
50
Corp Ltd
Lawrence
Class
pref
conv
Salt
Oil
Dome
Co_.
Mills
Sanford
1%
4%.
——...
i'r
2%
2,200
3%
Jan
400
4%
Jan
Manufacturing
Union
Gas
of
Union
Feb
124% Mar
Jan
115
100
4%
.
1V2
17,800
3
123% 124%
Investment
United
Aircraft
A
Chemicals
—
1
Feb
United
Jan
27%
Jan
$3
1%
Feb
United
participating pfd—
Cigar-Whelan Stores
Mar
United
Corp
Savoy
Oil
Co
5
1%
"l%
1%
600
%
Jan
Schiff
Co
common—
•
14
12%
14
700
12%
Jan
14
A)
(D
2,200
%
Jan
75
22 Va
Jan
common.
30
30%
28
28
29
600
25 Va
Jan
23
10
17',4
Jan
231/8 Mar
10%
10%
9'%.
Feb
47
110
52
7%
1,800
warrants
1%
1
52%
1st
Jan
Jan
10%
—1
$7 preferred
..——•
*
Selected Industries Inc common
—1
7%
6%
5
6%
Segal Lock & Hardware—
Seiberling Rubber common
Convertible stock
$5.50
—
Shattuck
Shawinigan Water & Power
Sherwin-Williams common
5%
3,000
6%
1,500
li/a
61%
350
60
200
521%
3%
,
/
71/2 Mar
13%
Jan
Jan
60
100
5
89.
89
100
14
%
6
Co
Silex
Canada
convertible
SB
Simplicity
preferred.
Pattern
—1
100
common...
Manufacturing Co„—„
Singer
Amer
Sioux
Solar
dep rets ord
•
..
~i%
City Gas & Elec
Aircraft .Co
Manufacturing
7%
.
Pa
Jan
'
12%
; 11
l
"l%
:
96
■
9,100
2%
200
80
Feb
,
;
250
85
Jan
3% Mar
Feb
%
Jan
Feb
4
45
Feb
Feb
63
Jan
68%
43
Jan
46
200
67%
45
900
30
65%
65%
250
reo
Jo
2%
100
4
Feb
Mar
'
*
9%
9
Jail
U
Mar
71
Feb
Feb
Mar
600
%
60
Jan
100
.'r
8
Jan
9% Mar
28%
2%
,v2%
2%
2 Va
2%
600
Jan
28% Mar
1%
1,100
2'/a
Jan
2% Mar
'1%
Jan
28
200
1
28 Vb
8%
'
.*
Reclaiming
5
4u0
ih
71
70
70%
5% Mar
Jan
Jan
Va
2,400
Jan
2%
7%
$1.50 conv preferred—20
Rubber
Wall
50c
%
2,200
2%
2%
7,400
.
2%
Feb
Feb
2% Mar
Jan
11
Feb
5
Feb
Mar
4Va
——,
Feb
1
Feb
1% Mar
Jan
16% Mar
800
16%
11,700
15
Jan
63
63%
250
43 V\
Jan
66
Mar
19
19
100
14%
Jan
19*-
Mar
1%
—1
9%
1%
15%'
;
Universal Corp voting trust ctfs—
x%
*TV Jan
1%
11
.10
Oil—
B
ffi
..2
Paper..
Consolidated
3%
2%
3%
3%
2V'a
•:
'
•
v
^
'
-
■-
.
3%
-
Jan
Universal
Insurance—
15%
—8
Mar
Universal
Pictures
—1
2% Mar
Universal Products Co
5,800
2 Va
Jan
3y2 Mar
Utah-Idaho
100
1%
Jan
3%
Utah Power & Light $7
Utah Radio Products
2%
700
3%
V-
>
Feb
.
3V4
Feb
Jan
common
:
..
...
5
Sugar
preferred..
.....,
*
IIZi
,
2 Vs
2%
700
52%
56%
425
3%
500
2%
53
2%
...
2 Va
45%
16
* "43
-
Va
43%
37%
600
44
45
Jan
Feb
—
29%
-
28% Mar
150
30%
_10c
Equities common.—
Utility
stock
priority
Tk
■!■■■■■
1
%
2,300
1
25
59%
59%
49
Feb
2% Jan
5'7*
Mar
Jan
Feb
3% Mar
Jan
/ 2
'
50
Feb
%
T'e
100
%
Jan
%
i.
preferred
—100
Southern New England Telephone..100
7%
Jan
■
Jan
I1-.'Feb
eO^Mar
30% Mar
.
'
41
.
Feb
31
•
Jan
29%
Feb
1
Valspar Corp
Feb
$4
Phosphate
Line
Co
Co
...
5%
5
V2
600
8
8
300
7%
Jan
8%
7%
7%
200
6%
Jan
8%
2 Va
200
1%
Jan
2%
26 Va
220
Spanish & General Corp—
Amer' dep rets ord regis
26
23
Jan
Jan
5%
28
%.
.
^
A
1,800
%
Jan
3%
•
•
_;.2.78
1
Convertible preferred
10
Standard Dredging Corp common—1
$1.60 convertible preferred—.—20
Standard Oil (Ky)
...
—.—10
Standard Oil (Ohio)—5% pfd
—100
Standard Power & Light.
1
1%
.
3%
300
2%
Jan
4%
Feb
%
Jan
.
Mar
•
Preferred
1
Products Co
Standard
Steel Spring
Standard
Tube
5
;
B
1%
200
1 Va
Jan
place
%
Jan
Va
Jan
Walker
800
2V4
Jan
4%
Feb
14%'
14%
14%
350
12%
Jan
2%.
i%
2
.
2%
500
14%
*
T
111%
14%
150
15%
15 %
1,800
100
110%.112
15
(The) Corp voting trust ctfs.. 1
Steel Co of Canada
_•
;
1st preferred
preferred
Inc—
Co common
(J B)
see
page
:
1
1
8%.
28%
Wayne
2% Mar
14% Mar
West
Texas
Jan
15%
West
Va
110
Jan
Mills
Knitting
Jan
Feb
112V4 Mar
17,200
8*2
Jan
%
%
200
i3a
Jan
1069
•
Feb
Jan
5 % Mar
Feb
"7%
Feb
200
__5
\~~%.
900
16%
Jan
7%
8%
900
6V4
Jan
37a
3,000
28
32
26%
'"%
10%
to to
2,500
"%
32
22%
Jan
Mar
Mar
8% Mar
-Ar Feb
11
%
250
1,100
X38% x38%
25
Jan
Jan
300
4%
4
Wentworth
Manufacturing
Utility $6 preferred
Coal
1.25
32
Mar
29% Mar
Jan
9
2V4
Jan
2
Western
Air Lines
Western
Grocer
..5
Inc
...1
Co—
i3o
%
11%
Jan
Feb
%
Jan
700
Feb
Mar
Feb
12% Mar
23/a
Jan
3% Mar
3%
3%
3%
1,000
~4%
4%
4%
1.400
4
Jan
4% Mar
5,700
5%
Jan
8% Mar
98%
8%
8Va
76%
76%
10
16%
8 Vs
16%
300
Jan
99 Va
Jan
20
Westmoreland
10
Inc
1
Mar
Williams
(R
lT
Mar
Williams
Oil-O-Matic
4%
Feb
Willson
Products
Co
1%
x38y4. Mar
Wisconsin
Power
Jan
8% Mar
Wolverine
Portland
8%
700
6 Vi
Jan
814
Mar
21a
300
1%
Jan
2%
Feb
1 %
1%
600
U
Jan
1% Mar
5
5%
225
2%
Jan
5% Mar
—.....
&
American
Wrisrht
(F W)
13%
Feb
Feb
J an
7 Va
Jan
6%
Feb
7%
Jan
8Va
Jan
Light 7%
7%
300
3%
4
700
1%
Jan
4
Mar
107/a
11
150
9.
Jan
11
Mar
7%
•
3%'
pfd—100
Cement
"3%
10
1
5 Va'
7%
2%
3V8
3% Mar
200
5%
7%
Feb
4
Jan
5Va Mar
800
6%
Jan
8
Feb
2
Jan
3Va
Feb
Ltd—
deposit
Hargreaves
Feb
Feb
57/a
1
;
Woodley Petroleum
Wool worth
Feb
25
5%
Heating-
Inc
Feb
35
16%
Feb
10
River Oil Corp
&
Mar
Jan
1
Wichita
C)
80
Jan
14%
13
20
67
22 Via
Western Maryland Ry 7% 1st pfd__l00
Western Tablet & Stationery com
•
Westmoreland Coal
Mar
2
"5
500
•
Coke
&
7Va
8%
100
3/b
i'n
12
7V4
8
% Mar
%
12%
%'
12
100
8
8
Va Mar
1
1
—
Feb
3%
5
•
Jan
%
20
Sterling Aluminum Products
Sterling Brewers Inc.—
Feb
60 Va
9
7%
Mirfing~ZcoZZZIZZZ-ZZZZZZZZZZl
12%
A
30%
50
—
5%
5Va
•
class A
R
13
%
*
1
& Co common..
Sterchi Bros Stores
Mar
26
Jan
T,V
%-
.
1
...
,
Jan
100
4%
•
Co
Weyenberg Shoe Mfg
class
Jan
Jan-
8%
preferred——.—.—100
Waitt & Bond
3%
1
Standard Silver Lead
; 57
44
8%
Wagner Baking voting trust ctfs ext..•
1%
*"
L3%
<«.-*-
..
3%
'
•
'
•
Common class B
160
4%
1% Mar
Jan
Jan
18
W
Aircraft
7%
'
Brewing Co
Standard Cap & Seal common
100
•
Manufacturing
400
1,000
5,'
57
%
1,500
1%
25%
5
Feb
■
,
/
Feb
Waco
Z-Z;
Spencer Shoe Corp
Stahl-Meyer Inc..
;
5
Feb
,
...
pfd
1%
24%
1%
25
Feb
26
-•
.5
—.j—1
Feb
2%
—1
& Bros
5%
5%
8
■■
1
—
preferred.——
Petroleum.:
Virginia Public Service 7 %
10
—10
5
—;
Pipe
common
convertible
Venezuelan
•
Vogt
footnotes
20
—100
Radiator common.——
S
4 Va
Jan
For
85
3% Mar
and International Securities—
Jan
Jan
Stetson
Mar
85
5
Jan
29%
Sterling
36
5 Va
2
28%
2d
Feb
4%
2Va
40
5%
29 %
5'/a
Universal Cooler class A
98
•.
4%
2%
100
8%
25
•
common
Universal
Jan
■
i%
2%.
1,100
(A)
Mar
36
1
Graphite
Feb
Jan
41
Stein
A Mar
36
1
U S
Mar
29%
Starrett
% Mar
.
Jan
5
30%
Standard
Jan
Mary
228
41
Standard
Va
A
•
36
U S Plywood
Jan
30%
Spalding (AG)
1st preferred
5,000
% Mar
Jan
18,700
32
$5
Feb
Mar
29%
Royalty
/•:
120% Mar
Jan
8,400
%
%'
~r
Edison—
original preferred...
25
preferred B
25
preferred series C—
25
Southern Colorado Power class A—25
Southland
:
Jan
Jo
%
%
1*8
115
550
120%
<
%
%
•
•
Jan
Feb
3 Va
6%
Southern
120
120%
21%
.——25c
10
common
25
—1
25
Sharing
preferred
Machinery
Class
5 %
Southern
Feb
'-Mar
2
% Jan
41,400
2
11,000
90%
175%
5 Va %
•'
1%
32
Jan
200
3%;
.
Pipe Line—;——10
California
Southern
1%
Ltd—
Shoe
$5.50
Southwest
Feb
13%
29 VB
1st preferred with warrants——*
U S Lines Inc preferred
—10
'."■iil 100
5
13%
13%
Va
Jan
10
■
—
,
Jan
preferred
Co
United Stores common
1
700
20.9%.212
.
4%'
—-1
Co
~i%
Feb
•
i'(j Jan
200
5
S
U S
,
£1
pfd——100
regis—
.-1
Sonotone Corp.
1
Sdss Manufacturing common———1
South Coast Corp common——1
Soilth Penn Oil—.—
—.—25
Solar
211
.
4
Profit
United
'Z/'--'ZuZ
——
Singer Manufacturing Co Ltd—
y/:;.
:'P
Simnrons-Boardman Publications-
1
15,400
United Specialties common..,
U S Foil Co class B
Mar
116
10 Va Mar
'
•
Jan
31%
15
Jan
Jan
12%
•
common
78
U
Feb
U
Sherwin-Williams of
Jan
%
•
Preferred
3% Mar
Jan
113% Jan
140
115%
'
Jan
57 Va
Jan
3% Mar
Jan
83
200
89
114
United
61% Mar
6
;
Jan
10%
A Jan
15
'fi
■,
Products
Molasses
United
3% Mar
15
12
Jan
•
dep rets ord regis—
United N J RR & Canal Co.w
Feb
100
214
Jan
29,200
Amer
Feb
300
1,000
Feb
%
%
3%
Mai;
12
57»/a
...——
participating
6%
3%
3%
.
$3
United
Jan
3%
6 1
Feb
Jan
%
3
51%
'
—100
pfd series AAA
cum
Jan
6
3%
5
*
25
Mining
Denn
4 Va
%
1
1
Seton Leather common—
3,000
59
•
Safety Control
Serrick Corp class B
Jan
59
—
Sentry
%
""%
6V4
—25
prior stock
certificates—
Allotment
4,600
131/8 Mar
Co
Shoe
Selby
'
32
Feb
1
non-voting
warrants
1st. preferred
$6
Feb
1%
Jan
29%
7%
%
6% Mar
10%
Feb
200
31
n
1
200
1%
1%
30
31
*
Bros Inc
Seeman
5,900
—
United Light & Power common A—
Common class B
.....—*
United Milk
Securities Corp General
Jan
300
10%
_•
10c
1
•
Option
50Va
Jan
6 Va
6%
9%
•
29% Mar
23
51%
5
6%
*
.
&
United Gas Corp common—
30% Mar
30 Va
■
Jan
Jan
1
13
%
n
common
Jan
4
6%
1
United Elastic Corp
1
Convertible preferred—;
;—25
Scovill Manufacturing—
_——25
Scranton Electric $6 preferred—
•
Scranton
Lace Common
—•
Scranton Spring Brook Water Service—
$6 preferred
—*
Scullin Steel Co common
•
Schulte
Feb
2
Feb
•
common
Products
Jan
cum
2%
Jan
3
10'/a
•
Canada
Feb
Jan
V/2
u.
10
Co.
24%
1
*
United Corp common——
Samson
2%
2%
—
—
Corp
Unexcelled
5
—100
1
Paper common
preferred
Regis
7%
Realization
Ulen
2%
1
10c
Udylite Corp
receipts
Ltd
5s
:i
•
2%
;
6,800
Volume
the commercial & financial chronicle
Number 4161
157
NEW YORK CURB
Friday
BONDS
Interest
E:c>b*nge
Curb
York
New
Period
Week Ended March 19
or
2%s
s
3%s
Amer
f
s
3 'As
f
1950
1960
---19™
debs
2016
deb 6s
Lt
Paper 6s
1961
Eleo Pow 3%s—i—19.70
Appalachian Pow deb 6s—.
2024
Arkansas Pr & Lt 5s——
1956
Associated Elec 4 'As——,
—1953
Writing
Amer
January 1
Low
No.
High
Appalachian
deb
4'/as—
AConv
deb
4%s
Friday
Exchange
J-J
103% 103%
J107
J-J
103%
108
100%
M-S
104%
56%
J-J
—
M-3
108%
38
106%
Cont'l
J-J
—1948
J-J
70
——1969
F-A
10974
5%s
Utility
125
126%
Ogden Gas 1st 5s
109
107%
145
1st 33As series A
Ohio
57%
46%
1st
Power
1st
'.
Public
Service
1945
12
14%
19
70
13%
19%
A-0
17'/a
19
13%
98
12%
19%
18
18%
22
14
80
80
2
19%
72%
$107% 109
80
107%
$107% 109
Pacific
107%
&
Light
5s
1st
1
100% 100%
107'A
10974
105%
106%
21.
109%
1103/i
4
108%
109
F-A
A-O
F-A
1955
J-J
Portland
Baldwin Locomotive Works—
6s
1950
—
114% 116%
114%
M-S
32
: 108%
.
116%
C
series
—1957
1960
1998
—1962
——
—
Steel 6s
——
Bickford's Inc 6%s———
—1968
Birmingham Electric 4'As
Boston
Edison 23As
——1970
——1954
5s—;
Broad River Power
$114% 115%
J-D
$118
M-N
Q-F
'
.
5s
5s
A-0
114%
—
120
$150
'
117%
M-3
104%
J-D
102%
119
102%
4'As
103
34'%
6
1047a 104%
41
106
106
106
108
108
J-D
J-J
' 104'/8 104%
19
101% 102%
5
103% 105
A5'As
Elec
States
§ a Central
5'As——1953
5s
deb
Debenture
5s
Debenture
5s
Cities
—*
.
P & L
Service
5'As
Lt & Pr 7s A
Consol
El Lt & Pr
Gas
Public Service
of Indiana
103%
Public
of
1971
1969
1976
mtge 3s
ref
1st
ser P
23As ser Q
(Bait City)—
1st ref mtge
28%
103'
26 V
■
28%
162'
100
100 "
J-J
49%
50
7
50%
1954
mtge 4'As
Continental Gas & El 5s
-1958
-1944
Cuban Tobacco 5s——
—1955
33As
Packing
1
Power &
& RR 5s
District El
Empire
5s
Residential Mtge Bank—
stamped —- —
—1961
Florida Power Co 4s ser C———1966
33As A
General Pub Serv 5s
AGeneral Rayon 6s A
Power
—
1954
—1969
1953
1948
1978
Georgia Power & Light 5s
100%
103
1965
Coal 4s
Alden
§AGobel (Adolf) 4'As ser
Grand Trunk West 4s
A—-—1941
1950
1950
1963
5s stpd
Great Nor Power
Mountain Pow 33A—
Green
Products—
—1945
Guantanamo & West ps——1958
SAGuardian Investors. 5s
—1948
Grocery Store
5'As
—1966
A-———.Jan 1949
Ja& 1949
& Pwr 3'As
Hygrade Food 6s ser
6s series B
1967
—1953
Idaho Power 3%s
1st 6s ser A
1st & ref 5'As series B
1st & ref 5s series C
S f deb 5'As—
111 Pwr & Lt
—1954
1956
—May 1957
Indiana Hydro-Elec 5s
.
1958
Indiana
Service 5s——-—-—1950
1st lien & ref 5s—
1963
AIndianapolis Gas 5s A
1952
Indianapolis P & L 3'As
——1970
{International Power Sec—
A6'As series C
—
1955
A6'As (Dec 1 1941 COUp)
1955
A7s series E
—1957
A7s (Aug 1941 coupon)
1957
A7s series F—
—1952
A7s (July 1941 coupon)
1952
Interstate Power 5s—
——1957
Debenture
6s
J.'.
—1952
Iowa Power St Light 4'As—
1958
1963
Superpower 6s
Gas (stamped)..
Altalian
-1942
a Jacksonville
1965
Jersey Cent Pow & Lt 3'As
Kansas Electric Power 3'As
Kansas Gas &
Light 3'As
Kansas Power &
Lake Superior
1966
2022
—1969
Electric 6s
Dist Pow 3'As
5s—
1966
■—1957
Louisiana Pow & Lt
Radiator & Mfg—
stamped
——1948
Mengel Co conv 4'As_—
—1947
Metropolitan Edison 4s E—
1971
G
1965
Middle States Petrol 6'As
.1945
1943
1967
1978
series
5s
Gas Light 4V2S—
Milwaukee
Minnesota P & L 4'As
1st
ref
&
1955
58—,
Nassau & Suffolk
Ltg 5s
1945
SANational Public Service 5s ctfs—1978
Nebraska
6s
Power
series
4'As
New
New
—1981
Amsterdam
Elec
Gas
5s
Conv
New
deb
Power
New
Orleans
AIncome
6s
Public
series
102%
1952
A-O
J-D
81
80%
San
Joaquin Lt & Pwr 6s B
1952
81
17
$111% 112%
M-S
$130
79
131
ASchulte
1951
J-D
91%
Scullin Steel Inc mtge 3s
1951
A-0
90
A-0
103%
103
91%
6
1037a
47
84%
91%
Shawinigan Water & Pwr 4'As
1st 4'As series D
1967
91
1970
A-0
103'/a
103
88%
90%
85
103'%
20
61
93%
Sheridan
90%
91
86
93%
South
119
120%
Southern
California
Southern
Counties
M-S
M-N
J-D
i 89%
9U Va
M-N
89
6
$119% 125
110% 110%
J-D
J-D
122
—
F-A
90%
J-D
81
"
7
M-S
F-A
Coal 6s
Wyoming
1947
M-S
100'/a
65'%
65»%
663%
May 1948
May 1948
A-O
78%
76%
797a
84
A-O
78'%
76'A
80
17
1951
F-A
78
763%
80'A
34
1966
65%
J-D
80
80%
76'A
80
39
65%
80
1957
F-A
797a
77
79%
83
65%
1957
F-A
79%
78'A
76'%
797a
26
.-1950
64%
A-O
28%
28
797a
29
10
24
30
12%
12%
87
'
85
102%
'
;••
92
93'A
79
Gas
(Calif)—
mtge 3s
Indiana
P
Rys 4s
&
L
6s
Spalding (A G) deb 5s_
Standard
i'
6s
Gas
(stamped)—
6s stamped.:
Conv
93%
Debenture
6s
Debenture
6s
104
106
6
104
104'A
M-S
51
51
2
51
107
107
3
105
107
"7'42
104%
105%
14
91%
124
6s
gold
Dec
1
debentures
Standard
Power
&
Light
6s
AStarrett
51
Corp inc 5s
(Hugo) Corp—
Stinnes
3d
7-4s
stamped
'
105% 1 7104% 105%
94%
94%
94%
99%
97
95
Certificates
Stinnes
100
2nd
7-4s
M-S
95%
93%
96%
92%
18
93%
66
94%
66
,
F-A
93%
J-D
54
96%
M-N
—
94%
$79'A
.
49
—
49
v.;;: $24
70
A-0
91
95%
:987a
'
J
111
$111%
92%
„
44
111
92%
J-D
Toledo
80 7
100'/a 100'A
6
96%
lOl'A
5
62
67%
64%
797e
J-J
$11
153%
1574
A-0
$13
J-J
107% 10774
4
M-N
109% 1093%
20
2022
Power
J-J
1979
5s
3'As
Electric
United
111%
96
111%
10474
F-A
—-
$113
96%
115'%
Light
1st lien
&
65
1968
J-J
1952
J-D
1949
J-D
1959
A-O
5y2s_1952
F-A
100'/a
100
—1952
A-O
116%
N
J
F-A
2022
4s
M-N
98%
M-S
10%
—
853%
107%
96'%
116% 117
1944
109
14
105%
111
97
109'/a
3
86'%
i8
112% 112%
10
10774
80
85%
5'As
(Delaware)
United Light & Railways
(Maine)
108% 1083%
5
100'%
31
14
108'%
1097a
11274
100
109'%
87
112
112%
1067a
1083%
& Power Co—
cons
963% 100%
—
12
,'103% 104 '/2
25
6s
series
A
;
Utah Power & Light Co—
1st lien & gen 4'As
99% 100
$101
82
827a
36
81
,
82%
16
112% 112%
3
M-N
108
•
108%
16
105'A
Debenture
A
series
6s
Waldorf-Astoria Hotel—
A 5s
income
;,r
F-A
21%
21%
5
20%
20%
i. 7
20
20'/a
$19%
J-J
20%
$19%
debs—
1951
J-D
9
10'%
$109'% 110
229
Ry & Elec 4s
Wash
Water Power 3'As
1964
J-D
1103% 1103%
"2
107
10
80%
86%
80
85%
112'/a 114%
1053A 108%
6'
18%
21%
17
20%
16%
West
Penn
1954
5s
Traction
2030
5s
16%
1960
J-D
19
6s
24
177a
79%
120
747a
135
36
$88%
90
$67
74
63%
1937
J-D
$79%
81
75
1947
Rys Co 5s stpd
AStamped 5s
i
463A
106 3/a 106%
J-D
$79%
81
737a
.V
7
106%
20
53%
54
107% 107%
29
28
M-S
122'/a 122%
"2
J-J
112% 112%
2
A-0
108 3A 1097a
22%
New
54
123
1127a
113
30
96
108%
a
Bogota
86%
98
100'/2
101
108
110%
M-N
110
110%
3
M-N
111'/a 111%
11
109%
111'/a
J-J
1007a 1007a'
1
100%
101'/2
49
58
M-S
1067a 1067a
5
105%
107%
J-D
104 % 105'/a
18
103'/a
106
108
108%
12
107'A
109
104% 10474
4
103%
I043A
112%
113
108
Interest
M-N
$112% 1123A
F-A
$99%
1087a
A-O
9974
23'/a
23'/a
1
1087a 1087a
F-A
19
$114%
9874
113% 1133A
113%
1947
M-S
57
J-D
57%
M-N
57
99
98
116
20-year
7s
127a
M-N
A-0
1954
J-D
90
1949
J-D
106
'
56%
109
8874
877a
897a
106
90
72
,
.80%
81 ya
5s
AMaranho
AMedellin
7s
7s
114%
99%
15
113%
114'/a
22
497a
58%
57'A
10
50%
58%
577a
38
109
50
1
107%
883A
48
76%
9074
19
106
Friday's
Alssue
of
J-J
—
J-D
—
'm-n
f-A
m-s
Janeiro
January 1
Low
High
16%
„
46
.
48 'A
$40
16%
14%
47
16%
48%
4474
49
48%
42
46
14
,t
15
14
11%
14
25
20
233%
16%
16%
16%
$35
40
32
32
35
—
35
35
35
$23%
16'%
m-n
1972
J-D
*
$17
J-D
$40 '/a
m-3
1959
6'As
$46
$9%
a-0
6'as
Government
Range Since
1947
;
1927
7s
No.
'
m-n
1958
de
—-
J-J
1931
a 5 'a s
—
j"
J-D
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
(State)
Sold
High
',
•
1958
Oct
Bonds
J-J
1919
J-D
1921
j-J
31%,
31'%
18
20%
4
22%
17
313%
22'%
45
'3174
21%
"374
22
8
3%
4
282
2%
4
3%
4
148
2%
4
-
117%
97%
or
'■
1947
1951
stamped
Mortgage Bank of Bogota 7s
a Issue of
May 1927
ARussian
21
Week's Range
of)
Danzig Port & Waterways—
a External 6'as
stamped—.
1952
ALima City (Peru) 6'As stamped_1958
997*
110'/a
577a
57
118%
$46
1953
Bank
5%s—
Extended
A-O
1955
Mortgage
Valley 7s
23'/a
108
,
Sale Price Bid & Asked
1948
Jan
(see
a Rio
"
57
Last
Period
Agricultural Mortgage Bank (Col)—
a 20-year
7s
April 1948
110 %
1003A 1017a
19
Friday
Exchange
Low
10874
M-S
55
Curb
1063A
122
York
Week Ended March 19
109
108'/a
$108'/a 110/2'
J-D
16%
46
107 '/a
106%
69
$1063A 111
J-J
85%
107,
Foreign Governments & Municipalities
108%
bonds
19%
53%
110
F-A
-
lAYork
80%
46%
96
1027a
19
78%
.
1103%
F-A
-
1959
10%
.109'%
1103%
20%
43%
J-J
107
$117% 119
Western
Newspaper Union—
unstamped extended to 1959
4%
108%
19
20%
79%
M-S
A-O
.
20%
24
46%
A-O
99 %
Wash
J-J
F-A
06'/a
103
J-J
J-D
18
7
6s stamped extended to
54
97%
98%
104'/a
Penn Electric
117
95%
100
West
116
5
94%
101
81'/a
M-8
98%
$4
97%
99%
8
102%
A-0
3-D
i
97'/a
1067a
102
99%
F-A
9674
110%
82
J-J
107%
1956
Light 5s
Edison
United
'
T05'/a 105'A
104
J-D
10674
1960
5s
City Rapid Transit 5'As
49
36
106% 106 3A
M-N
J-J
'96
93
$111
91
113
106'/a
105'/a
J-D
3
1946
Service
&
Water
Twin
19%' 24%
—
$90
J-D
J-D
653A
107% 107%
'
A-0
M-S
52%
101%
'■'78
1
25
A-O
A-O
87
deposit
A
series
6s
Tide
1087a
80
49
J-D
6574
Industries—
stamped-".
Electric
Texas
93%
57
1
100% v> 100% 100%
J-J
90'/a!
2
94%
$109'A 111
J-D
64%
75
•
95%
M-S
J-J
1946
of
(Hugo)
103% 103%
65%
Electric—
&
87
104'/a
$99
103%
M-N
92
81
101
;
105'/a
:
103
1989
82%
5
25
104
—
5
2022
83'A
102%
M-N
—
1087a
1970
87%
J-D
IO41/4
1067a
Southwestern
s
123%
J-J
F-A
1057a
1
Southwestern Gas & Elec 3'As
121
93
2
J-D
F-A
10734 1073%
105
102%
122%
1
91'/a
1st
4
A-O
J-J
1951
2
16
103%
103'A
105
1033% 104
103%
Southern
89
J-J
A-0
105
$1047a 106%
104
103'A
100%
103%
105
:
M-S
1970
3'As
Gas
3s
J-J
1965
5s
Edison
J-J
1957
1971
Power
California
89%
100%
108
123% 123%
J-D
85%
102
92%
92 Va
4
1057a
'
86 V"
105%
89'%
110%
81
M-S
89
.
Carolina
131
$58
89%
109%
102
86%
r
2
1
122
90'/a
6s
3
102% 102%
A-O
Estate
1
107'/a 107%
J-J
Real
82
114
131
—
94
83%
1
103
111%
*****
84%
1961
Nov
100%
36
82%
585/a
109
883A
90%,
Service—
A
102%
2
293
1948
3'As
101%
89%
1950
5s
England
England Power Assn 5s
Debenture 5'As
New
102'/a
7
101% 102'A
J-D
„
41
89%
M-S
1948
.
4
108%
102%
94
1948
Eng Gas & El Assn 5s
5s
146 %
>%;
102 % 102'%
102
88%
1956
5s
138%
146% 146
102'/a
94
2022
1
A
Nevada-California
110%
102
AParana
—1957
1951
Mississippi P & L 5s__
Mississippi River Pow 1st 5s
105%
107
J-D
1979
Danish
Midland Valley RR
103%
40
88%
McCord
4s
38
108
M-N
A
series
ACauca
6s
104% 105%
107
1950
1950
87
107
1949
C
Harbor Water 4'As
United Lt & Rys
Houston Lt
77
106%
Queens Borough Gas it Electric—
Safe
104%
1
112
111%
104%
M-N
5'As
4'As series D
Texas Power
Glen
L
08"*
OO
111
111
5
88%
M-S
6s-5s
Gatineau
1969
106%
108%
50%
102
Finland
Florida Pow & Lt 5s—
M-S
4s
108
89%
M-S
M-S
1954
Federal Water Service 5'As
ref
97%
6
A-0
1956
2030
1956
A
Light 5s
Water Lt
&
3
—
87
108%
Jersey—
series
5s
87
J-D
certificates—
&
P
ref
M-S
108
115
105
■
J-D
1952
Eastern Gas & Fuel 4s ser
Elmira
&
1st
'
Electric
Sound
1st
100%
45%
New
perpetual
Puget
.
29%
100
89
$104'/a 105%
;
96
,7
.13
$101% 102%
A-O
Gas
Gen
Cudahy
85%
105'A. 107%
13
' 29%
100'/8
111% 112
J-D
—1949
102%
(Bait)—
series N
Consolidated
5
26
•
1959
100
$1113% 114
107%
107%
—
Southern
—1949
*951.
5'As
Connecticut
3 "As
26%
26%
A-O
5s
Service
Conv
J-J
M-S
1955
Jan 1966
1950
1958
19"®
—1952
2
95%'
F-A
B
series
95%
107% 107'/a
M-N
J-D
•———1927
—1952
Rys 5s ctfs
Cincinnati St Ry 5'As A
{AChicago
Cities
1948
1954
5s
———
-
Central States P ft L
6s
1953
—1964
Gas 3%s
El &
111
A-O
-1964
—
103%
Service
108
34%
105
112%
12
Colorado—
mtge 3'As
101%
$103% 105
—
M-N
4'As B
of
Co
30'/a
105%
__
$105'% 107
J-J
-1956
-1961
-
(Can)
■
103%
102%
"
3
—
1127a 11374
M-3
_1950
F
Corp
112%
1
Co—
E
Sinking fund deb 4s_
'
M-S
1st
$108 Va
F-A
1962
6s
extended
Public Service
.
Transit
5s
33%
104%
M-N
101%
101%
27
M-N
5'/aS——1972
Power
Coke
&
Edison
series
Power
__
$102'A 104
__
116
6%
Central
5s
Power
Northern
Canada
Gas
stamped
Potomac
Telephone of Canada—
1st M 5s series B
Bell
Bethlehem
Rapid
102% 1037a
33'%
10074
—
-1977
1970
Elec
102%
102
.——1979
—
Philadelphia
Convertible
109% 1103%
108% 108'/a
$101
F-A
1964
5s
*
Philadelphia
108
71
107%
Pennsylvania Water & Power 3'As_1964
3'As
$99
10974
7
_
J-D
107%
7
Park Lexington 1st mtge 3s__
Penn Central Lt & Pwr 4%s
108%
106%
Power
8
2
19%
19
109%
54'A
105% 106%
Oklahoma Power & Water 5s
17%
32
107'% 107%
1948
Oklahoma Nat Gas 3%s B
19
17%
107%
115%
71
109'% 109%
1962
18'/a
121
M-N
109
107
1151/8
-
69%
High
112
106'A
2
A-0
Aug 1955
18
M-S
Low
111
—
A-O
4s
17%
J-J
"113
1968
—
17%
M-S
January *
r0.
—1971
3'As
mtge
3s—
mtge
17'/a
F-A
Range Since
Sold
106% 106%
$115 '/a
108%
F-A
■'
Bonds
High
Northern Ind Public Service—
91%
56%
Friday's
$111
1954
J-J
—
M-N
J-J
Nor
88%
56%
or
Sale Price Bid & Asked
2004
4s
101
5
$108% 108 '/a
A-O
&
109
96
101
91'/a
$125 % 127
J-J
Westchester Ltg
Debenture
5s
Y
107%
100%
108
108
3-D
N
107
91
100 »/2
Week's Range
Last
Period
—1964
105
$108% 109'/a
J-J
J-J
Interest
Low
Ohio
1948
1949
AConv deb 5s
1950
^Debenture 5s
.——1968
AConv deb 5'/2s—_—.—
1977
Assoc T & T deb 5'As A
——1955
Atlanta Gas Light 4%s
—1955
Atlantic City Elec 3'As
—
1964
Avery & Sons (B. F.)—
5s
without warrants
—1947
AConv
Curb
High
Gas & Elec Co—
§ Associated
York
Week Ended March 19
N Y State Elec & Gas 33As
debs
&
Pow
New
Range Since
Sold
Co.—
debs
f
s
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Low
American Gas & Electric
EXCHANGE
Week's Range
Last
1069
104
106
*No par value,
a Deferred delivery sale,
d Ex-interest,
e Odd-lot sale,
rCash sale,
x Ex-dividend.
yCash sale not included in year's range, Easy
n
Under-tke-rule sale.
Washing Machine class
b, June 26 at 25/a.
$Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
{Reported in receivership.
Abbreviations used above—"cod," certificates of dennsit; "eons." cnncoudated: "cim." (""""id.
tive; "conv," convertible; "m," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w i," when Issued; "w w," with
warrants; "x w," without warrants.
THE COMMERCIAL & FINANCIAL
1070
CHRONICLE
Monday, March 22, 1943
OTHER STOCK EXCHANGES
Week's
Sales
'[Last
Range
for Week
Sale Price
of Prices
Friday
Baltimore Stock Exchange
March
13
March
to
inclusive, compiled from
both
1})
Last
Low
Par
Arundel
Corporation
Baltimore
1st
Transit
preferred
Consol.
Eastern
Co
t
v
vtc—_*
common
Sugars
Oil of Texas
Houston
vtc
Amsterdam
Casualty—
U S Fidelity & Guar—
30
Jan
73
37%
33
25%
45
200
1.00
1.00
25%
9
131
Jan
38
Feb
20
Jan
33
Mar
Mar
,
1.00 Mar
1.00 Mar
10
25
Jan
22
77
Mar
Jan
80
Mar
Mar.
24%
24%
25
446
22
Jan
25
31%
50
31
31%
282
29%
Jan
Jan
93%
Feb
Transit
Mar
54%
93%
$1,600
9014
50
51
46,500
50
19
March
both
Sale Price
Low
American
Sugar
Refining-.—.—_
_100
American
Tel
Tei
_100
139%
American
Woolen
-*
6%
&
—*
—
Anaconda Copper
—
Bird
Son,
&
Boston
Inc.
Albany RR
Barber
Co
Boston
LOW
100
3
'
vY'v
High
:
Jan
'»V
Jan
3
23%
296
17%
2,533
127%
Jan
144%
Feb
4%
Jan
6%
Feb
24%
Jan
29% Mar
Jan
11
6%
6%
50
28%
486
11
11
220
90
89
89%
118
9
81%
23% Mar
Jan
Jan
Mar
90%
,
Feb
28%
27%
29%
24
Jan At ;
29% Mar
64%
63%
65
381
62 %
Jan
67
15
16%
325
14
Jan
RR—
Maine
&
167/a
Mar
16% Mar
,
Jan
4% Mar
1%
Jan
7 % Mar
1%
Jan
6% Mar
2
Jan
3%
Jan
1,941
4%
50
6%
300
4%
4%
40
6%
903
2%
96
11%
29%
7%
29
4% Mar
;
6%
f
Jan
12 %
Jan
5%
29%
125
8%
94
7%
Mar
Jan
2%
4%
—u
29 %
8%
211
6%
12
4% Mar
V
Jan
2,911
7%
5%
5%
2%
4,248
4%.
5%
6■<
RR.—i—100
Providence
&
29%
5%
*
Calumet & Hecla
197
4
—
Boston
24%
~6%
—
Prop Trust
4%
3%
100
7% prior preferred
■
100
5 % class A 1st preferred—'—100
Stamped
100
8 '/c class B 1st pfd stamped..:;—100
7% class C 1st preferred.
—-IOC
Stamped
———100
10% class "D" 1st pfd——100
Stamped
100
Personal
2,305
:
Common,, stamped
Boston
4% Mar
■
Mar
4% Mar
6% Mar
13
Mar
Feb
23
6%
29% Mar
Jan
8% Mar
;
Service A—.—————10
Cities
7%
Gas & Fuel
Eastern
Common
1
5
Preferred
36
9
"B"
Lamson
'/o
Belmont
preferred
—
-25
-—
Jan
6
Jan
365
30
29
Y N
40
—.
35%
1,497
30%
Jan
36
Feb
Jan
7
Mar
2%
7
170
2%
18
55c
400
6%
7%
110
33%
664.
5
4
V
445
15%
25%
6%
1,312
21%
6
15%
5%
.
70.
Stone
Union
United
S
Metal
Waldorf
Warren
25% Mar
87 %c Mar
Jan
4%
9
6c
2%
42
Mar
65
3%
Jan
4%
Mar
265
6%
Jan
9
Mar
1,000.
50
lc
Feb
6c
Jan
2% Mar
Jan
7% Mar
323
12% Mar
86
98%
283
1%
395
40c
20c
40C
•
^
23%
23%
48c
61C
24
24c
1,862
15c,.
195
28%
28%
30%
1,612
1%
1%
1%
443
13 %
Jan
ibQ
1,410
—25
101
Jan
Feb
2% Mar
Jan
48c
Mar
1
Jan
Jan
19
Mar
Mar
24
Mar
23%
Jan
66c
Jan
12%
40
9%
Jan
8%
9%
186
5%
Jan
9%
Mar
32%
32%
32%
85
29%
Jan
32%
Feb
32
36 %
342
32
Mar
115
-5
preferred
8%
*
64%
125
Co—.
45%
32%
18%
——
33 %
40c
9%
40C
8%
8%
7%
Jan
.
37
Feb
9
Mar
61% Mar
68%
Jan
782
63 %
Jan
69
Jan
105
42%
Jan
45 % Mar
33% Mar
277
25%
Jan
200
23c
Jan
222
7%
Jan
46c
Mar
8% Mar
XI8% xl8%
150
16
Jan
20% Mar
88%
217
80%
Jan
89%
-50
Westinghouse Electric
67%
66%
-1
—
59
1,320
X45
.10
—
Inc
9
63 % -64 %
66%
.25
—
425
3
150
10
1%
2,400
32'A
32%
190
5%
650
2%
Jan
5% Mar
1
%
Jan
1%
3,750
3%
Jan
5% Mar
Aviation
5
86%
Feb
32
Maine RR—
Brewing
Corp
Fence
Class
&
"A"
Co
250
16
Jan
19%
Feb
250
13%
Jan
15%
Feb
950
5%
Jan
7%
50
7%
12%
615
39
38%
34
mortgage 4%% ser A.
Eastern Mass Street Ry—
-
Brothers
Pub
Illinois
Secur
—
Serv
$6
pfd
Towel— ■;
Common
3
Jan
1,200
1%
Jan
700
12%
Jan
15% Mar
4%
100
3%
Jan
4% Mar
1,500
■'.v.
80%
103
A
3%
,
,
Mar
92%
Jan
.103
Mar
100
17%
Jan
18% Mar
100
9%
Jan
11%
Vu
460
3%
26,650
1
3%
42
71%
71%
.43
43.
45
Jan
Jan
12%
Feb
Jan
74%
%
8
.
23%
,23 ''a
8%
8%
•
8%
1,050
3%
Jan
24„.t
3,650
21%
9
1,450
'3%
3%
22%
22%
:',17%
—50
25
18%
14%
14%
31
31
1
:
common—
;
11%
common——2
13%
common-.——♦
Class ''A''.—-—-———®
Fitz
&
D
500
26% Jan
ll'/a
at" .70
13%
100
10,
50
38.
38 a
General
Motors
General
A
Outdoor Adv common
Corp
10
Jan
.1970
47%
48%
$5,000
40%
Jan
49
Mar
.1948
104% 104%
March
19
both
2,000
103%
Jan
104%
Feb
Gillette
Safety Razor
Goldblatt Bros Inc
Last
STOCKS—
Sale Price
Week's
Gossard
Hall
Co
150
Jan
30
9%
600
6%
Feb
9%
40 %
183
33%
Feb
10%
10%
4%
6%
50
Steel Co
Adams
(J
D)
15-
4%.;
500
3%
Low
W)
Dr
&
160
37%
Jan
62%
25
Advanced
5
Products
Class
For
"A"
Castings
m
3%
800
2
Jan
7%
100
6%
Jan
38%
184
34%
Jan
38%
Feb
48%
48%
Feb
footnotes
see
•
—
.
page
•
3% Mar
7% Mar
876
44%
Jan
3%
3%
400
3%
Feb
3% Mar
6%
6%
300
4%
Jan
6%
5%
Hein.
Hibbard
Motor
300
33%
305
25
12
12
19%
Feb
5% Mar
Jan
19
10
capital——
Brewing
Werner
,4% Jan
5%
31%
5%
*
33% Mar
300
10
Jan
12%
Feb
600
17%
Jan
19%
Jan
14% Mar
,13%
13%
50
8%
Apr
7%
8%
200
6
Jan
8
8
100
7%
Jan
29
160
1
Parts——
.
..3
,28%
Spencer Bartlett common—25
8% Mar
8%
30
Jan
25
Feb
Feb
'
Horders
Inc
common—
Houdaille-Hershey,
class
Co
.*
capital
11%
11%
1%
2%
2%
—.100
To%
11
*
•
1
Inland Steel Co capital™—
International
Jarvis
(W
Harvester
5%
common
Tube
&
Lamp
Salle
Exten
Univ
Libby McNeill & Libby common
Jan
15%
A4%
Jan
5%
1,600
Jan
63
; :
Mar
6'%
72
Feb
Feb
Feb
Mar
11%
245
9%
Jan
11% Mar
10%
120
8%
Jan
10% Mar
100
3%
Jan
100
5%
Jan
1,600
A4%
Jan
A12
Mar
Jan
45
Jan
■
4%
6%
*
8%
4% "•
6%
12,
44
44
44
1%
—5
common..
11%
A. 135
10%
—
Kentucky Util jr cumul pref—50
La
23%
325
;__*
"A", com
12
Jan
65%
1
1
Ken-Rad
Jan
Jan
10%
1
Drug Co common—
Kellogg Switchboard common
3% Mar
1%
7%
19
200
x63%
[__•
Joy Mfg Co common—
A
1,300
Feb
1% Mar
145
.71%
Katz
12%
Jan
72,
•
Co capital
B)
AA 5%
10
15%;
15
Indiana
300
2%
12
23%.
23
products common
AJan
200
Independent Pneumatic Tool v t cIndianapolis Pwr & Lt common—
12% Mar
11% Feb
.
100
1%
10
Illinois Central RR common..:
Steel
100
,
—1
B——
Hupp Motor Car common
Illinois Brick
12%. 12%
12%
——*
a a
a1 7%
41
20
1%
Jan
8%
4%
Feb
Mar
6% Mar
%
250
Feb
1% Mar
Jan
6%
5
Feb
6^ 8
3,100
•
1%
1%
400
%
Jan
1% Mar
Lindsay Light & Chemical common—*
3%
4%
600
2%
Jan
4%
Feb
__
15%
15%
15
12 %
Jan
15%
Mar
6
5%
6%
5,400
2%
Feb
6% Mar
23
Mar
29% Mar
10
Lincoln Printing
Lion
Oil Ref'g
Loudon
;_7
Co common
Co capital
Packing
6'/a
._*
—*
common—
*
*
Masonite
Field
common
—
Corp common—:
29%
6%
29%
100
29%
&
Mfg Co class A.
'
..
12%
J^tn
12% Mar
36%
50
32% Jan
37'/8 Mar
15%
__
*
Merch & Manufacturers Sec—
12%
36%
'A—.
*
15 %
40
13
1075
Shares
Range Since January 1
Low
30
51%
High
Jan
62% Mar
Jan
47% Mar
Feb
4%
1,700
4%
Jan
7% Mar
11%
T,250
8%
Jan
11% Mar
liS
33,650
2%
50
10 %
^
2%
United
conv
pfd—.
—
—
12%
Common
stock
v
t c—L
Manufacturing
15
41%
10
10
Jan
6
300
6
Jan
7% Mar
Nachman
4%
4%
650
2%
Jan
4%
Feb
National
11%
12%
300
Springfilled common
Cylinder Gas common.
Jan
12%
Feb
National
Standard
Montgomery
Ward
-A.
•
St
Liquidating Co
Co
■"
common
common
common
14%
15%
400
12%
Jan
15% Mar
27
28%
350
25%
Mar
Noblitt-Sparks Ipd Inc capital—
28%
Mar
North American Car common:
25
26 %
2614
50
26 %
Mar
26%
Mar
Northern Illinois Corp common
%
%
%
200
9%
100
.10
9%
9%
3,400
•
*
•
38
*
A.
*
'
Jan
% Mar
•,V Mar
3,150
50
37
38'a
908
1%
100
1%
%, Mar
% Feb
,
8%
Jan
Feb
3
10
Jan
1
Jan
1% Mar
22
Jan
24% Mar
33%
Jan
38% Mar
1% Mar
10
1%, Mar
Jan
Mar
12
11%
11%
50
11%
10
10%
11%
700
9%
Jan
11% Jan
Jan
32%
,
Feb
31%
31%
200
26%
287/8
—
;
28%
43
23%
Jan
29
Jan
13
Mar
Jan
10
Mar
12'A
20
*
1%
24%
Jan
2
11%
..1
5
1%
24%
1%
*'
common
13
11
11
100
6% preferred class A—
Miller Si Hart SI prior preferred
Nabco
*
.*
47%
Mar
6%
Jan
Utilities—
prior lien
Nodine
A
—5
2% Mar
3%
7 %
capital.:
Feb
16
1%
6%
Corp
Jan
50
4
West
742
550
2%
3%
47%
14
-
■
.A" '...
2%
10
_.
Corp common-
preferred.
Feb
44% Mar
1
com—
6
*
Allied
4%
.
47
■
common——*
Dk
13
•
*
common......
Aetna Ball Bearing common
Allied
Laboratories
common..
Jan
7%
3%
47%
*
common—
Printing Co
Heileman
7%
High
62%
Adams Oil & Gas Co common—.
Alum
16
Jan
'.
43
Jan
11% Mar
Jan
Mar
'
*
•
common—.
Common
for Week
of Prices
.__*
common
common.
Mfg
11
Jan
9
1,250
Feb
Mar
,40% Mar
37%
3%
:17%'
23
150
15%
42%
43
3,150
•:
11
15%
—.—*
common
(H
Lakes
Great
Midland
Sales
Range
,
Par
Acme
5% Mar
5%
Goodyear Tire & Rubber common——*
Midland
inclusive, compiled from official sales lists
Friday
Abbott Laboratories
Feb
36% Mar
'
McCord Rad
Chicago Stock Exchange
to
Jan
12
Jan
3%
Feb
39-%
Jan
31%
Mar
-13 % Mar
Mar
150
•
12
Jan
.
Mar
-
31% Mar
Jan
•
100
.A
15
•
.10%
10
common
.9
Jan
28%
10%
——.w——_-._10
_L—
94% Mar
20
8%
i
common
16% Mar
Feb
5%
common—*
General American Transp common—5
General Finance Corp common.A
Foods
Jan
Jan
;
.
27%
A
5
Preferred
17
39%
Auto———10
Brewing common—
General
10%
83
9%
♦
—
18% Mar
27%
1
Mfg Co common——A—;^
Fuller
X5 %
22% Mar
Jan
%
10%
D
Jan
Feb
Jan
415
36%
Con
Drive
3%
2%
14%
11%
10%
common
Simons &
(Peter)
Feb
16%
350
,35%
common
9%
A
Jan
100
140
•
Util Corp ———5
National Watch CO:
,-15.
Four-Wheel
Fox
i 38
38
Electric Household
Morse
Jan
A: 650
A
Inc—————1
Dodge Mfg Corp common—
Fairbanks
24%
Jan-
7
Feb
8% Mar
im
15
Inc
-
619
92,
20
;A
-
.
16%
18%
Elgin
Mar
11%
14%
Eversharp
43
,67%
91
Lines
71% Mar
70
-.73%.
20
Air
Feb
42% Mar
Jan
20
;
-12%
92
Eastern
3%
Jan
65%
.AAA
-'y
Car
Jan
38%
-362
1
12
100
Co
2
v
Feb
iV Mar
j1,; Mar
50
72.
,
•
—
sh vtc class A
Motor
y
■
•
250
——30
T
iii Mar
,39
110
;
—2%
Diamond
Jan
Jan
Cunningham Drug Stores
Dayton Rubber Mfg common
Dixie-Vortex
9% Mar
A
.
26
Gudahy Packing common:
7 'Jo cumulative preferred—
&. Co
% Mar
Jan
Mar
Mar
10%
iV
,25
Co common——_—,A—
Deere
80% Mar
Jan
7%
t
common
.
Jan
A
6
80
42
—5
69%
1
18%
10%
<.
25
10,450
39
18'A
,
Jan
400
,
102% 103
—5
Jan
20%
3,150
■
%
\h
38
...
-V1 5%
120
300
7%
25
%
*
Corp—
4 % Mar
15%
%
:
.
Edison
pt
Jan
3
2%
9%
Container Corp of Amer common.:..20
Crane
15
%
Service Co.' common——10Oil
Mar
8%
^
Consumers Co—
12
78%
38
common
capital
Consolidated
300
7%
Chicago Yellow/.Cab capital——.—®
Chrysler Corp common i
1
5
Commonwealth
Feb
12
24%
:
■
80%
com—50c
common
Flexible Shaft
Cities
31%
_1
Chicago Corp common——.
1
Convertible" preferred-——u———*
Common
Jan
4%
City .& Conv Rys common^
Chicago
26%
♦
common—
Chicago
800
7%
—
—•
common-
West Util
Cherry Burrell Corp
250
'•
preferred—i——i.-"1
Co
Jan
Feb
4%
15
1
A——
lien
4
7
31%,
.
15
10
preferred
South
Chain- Belt
Chic.
3%
1.
preferred—30
Preferred
Jan
12
,„5
_i————
—
conv
4%
Feb
39% Mar
30%
j.„_<•
common—
Illinois
Prior
31%
V 700
Middle
13
Jan
Mar
4%
common—-—,
Ring
6%
6%
T
Class A common
1———.,—1
AMickelberry's Food Prod common—1 AA 3%
March
15
'
Income
4%s series A
Feb
*.v
•
,
_-r—
cumul
6%
5
common
Wire—
L)
Piston
&
l
preferred
(E
Feb
15
capital
Warner
Brown
Corp..
Mar
14
6%
—5
Marshall
:
v
32 %
18%
7%
—
Mapes Consol Mfg capital.—
&
Mar
'
Berghoff
Feb
Jan
1% Mar
14
•
BONDS
Boston
12
Jan
18
18%
—10
common.—:
4%
Jan
%
15
1
—»
1 % Mar
12% Mar
30% Mar
8%
—-
4%
11%
1%
common.,...,.
common..:..,
Mar
2%
13%
in
—
(S D)
6% Mar
Jan
IIIHo
Tunnel..
&
15%. Mar
Jan
Jan
97%
Co—-—-—-—
System
Mar
12%
1
Inc.
Rubber
Utah
Jahi'
5
12c
98
(The)
cumulative
2%
,
5
United Shoe Machinery Corp—
6%
14%
A?
35%
2%
Inc—.
Fruit
Feb
3
155
-100
Drill
Drug
United
33% Mar
400
12
Co
Twist
7% Mar
Jan
87 %C
„100
-——
Jan
Mai'
Jan
28%
12%
—
55c
42
a, 6c
.——
—
3%
.
25%
4%
Assn.
Torrington
5
Feb
Feb
320
8%
—3'
1
—
Webster
&
2%
15c
Jan
41%
Mines—irr_
Quincy Mining Company—
Shawmut
4
5% Mar
10% Mar
75C
"
—1
—
___——.—.
RR
Jan
34 %
32%
-100
Pennsylvania
29%
Jan
2% Jan
10% Mar
Jan
Jan
Jan
*
Old
Mills
9%
39
31%
1
North Butte Mining——.——,
Pacific
Mar
11% Mar
8% Mar
38% Mar
27%
Feb
813
6%
.100
—
Tel & Tel
Colony RR.
36
Jan
33%
.—
Hartford RR
H &
3%
110
32%
-2.50
U
,
29% Mar
Jan
5
.100
:—
t c
v
preferred
New England
Jan
25
England Gas & Elec. Assn.-
5 % %
N
9%
50c
Cos.
National Service
National Tunnel &
Jan
2 V4
Mar
54% Mar
124
2%
Racing Assn Inc—
Narragansett
19%
98
3,735
11%
2
Jan
4%
"A"—
——
Associates
Nash-Kelvinator
Jan
10%
——~*
(Del) common...
5
Mergenthaler Linotype
New
Co
Radio Uorp
Bendix
% Mar
4%
Copper
Util
74
42
220
36
29
—
Maine Central RR common—
5
6% Mar
1
33%
Loews Boston Theatres
Mass
A
34%
—
Corp
8% Mar
Jan
Jan
Jan
,10%
International Button Hole Mach Co —10
Kennecott
60
9
—;
Hathaway Bakeries class
Class
2,105
10
Razor Co————**
Gillette Safety
4%
10%
Stores——
General Electric
235
3Va
X38% X38 %
(Wm.)
National
First
10%
Group Association
—_ *
Public Service
— 1
Sans--^—————* )
Employers
Engineers
Filene's
29%
108%
35
——-s
—
85
3%
—*
common—:
Lines
S3
3%
90c
114
27
100
100
preferred class B
'io preferred adjustment
1%
54%
108
series A————100
<!o
Eastern
50
100
1%
—100
—100
Eastern Mass Street Ry common—100
6
55
'
53%
———.—
prior preferred
6% preferred
—,
1st pfd
1%
Associates—
4 % "lo
6%
6
1 %
East Boston Company
8%
6
Co.——-——♦
———10
Range
Copper
Hi
1W
Mfg
Central
-..—25
Boston
4%
11%
1%
—-1*
Blessing common——'
Belden
Jan
Feb
Mar
11%
5%
Bastian
31%
1
5%
Range Since January 1
139% 141%
11
Elevated Ry.
Boston
<
Shares
—-——100
Herald Traveler Corp
A—.*
Edison
Boston
143% Mar
5%
Convertible
27%
——50
.-*
——100
Jan
Aviation Corp (Delaware).—-^.^--3
Central
for Week
3
21%
—-———
&
128"%
5
common-
Central
High
3
—1
—
1,057
139% 141%
%
Sales
of Prices
Par
Inc.—
102
%
5 fo
Exchange
Week's
Range
Last
Fisher
Jan
%
Common
inclusive,, compiled from official sales lists
Friday
STOCKS—
Jan
90%
5%
Butler
Boston Stock
to
25%
70
4
Washer
High
245
.„1
common...
common
Wheel
Low
31
3
Burd
13
A-
capital—
Bruce
March
—100
common—
Truss
30
102
common.
Range Since January 1
High
101% 102
100
capital
Athey
Automatic
Jan
93%
50
,-1975
Co 4s
Co
Associates Invest Co
Borg
indebtedness 5%
of
Certificates
&
Co
Tel
Mfg Co
Binks Mfg Co
Coast Line Conn-
Baltimore
Alles
&
&
Equipment Co
Asbestos
•
preferred—,
Shares
32% Feb
Bonds—
Atlantic
Tel
Co
Low
Feb
Jan
128
80
9%
35%
127
500
25%
80
'y
—
8%
6%
33
100
New
62% Mar
37%
125
Vernon-Woodbury Mills pfd.
Mt
pfd—
11
Jan
127%
127
33
Mar
Jan
57%
8%'
8%
127%
—:
1.40 Mar
1.00 Mar
002
115
Mfg
Serv
American
Aro
Mar
10%
60
—20
Corp——10
Georgia Sou & Fla 1st pfd.———100
Guilford Realty Co common..-—
1
Fidelity & Deposit
Fidelity & Guar Fire
737
High
19
Jan
16
60
9%
9%
Light & Power com-*
Assoc com ,vtc.-..^l
152
1.30
1.00
1.00
—100
c
Elec
Gas
18%
Pub
Armour
Low
High
18
18
*■
Range Since January 1
Shares
of Prices
Chalmers
Allis
Amer
for Week
Range
Sale Price
STOCKS
Par
official sales lists
Sales
Week's
Friday
,
STOCKS—
—
13
1,250
8%
10
10
50
7%
%
Feb
157
Volume
THE COMMERCIAL
Number 4161
'
& FINANCIAL CHRONICLE
1071
OTHER STOCK EXCHANGES
Week's
Friday
Last
■>,
*
Par,
.Northwest
North
Bancorp,
lien
Prior
Oklahoma
Omnibus
Parker
common
(The)
Co
Pen
Coal
preferred
6%
20
115
Fdb
7
450
Last
6%
Par
7% Mar
4%. Jan
300
14%
2%
Feb
American
3%
3%
16%
{«
16%
50
IS
.14
82
Jan
16% Mar
Jan
lit Mar
14%
100
,
,
Mar
Feb
70
40
82
3% Mar
capital—.——..-50
RR
%._
Co
(The;
.1
common™——1
common
Pressed Steel Car
•
Oats
Quaker
Co
30
6'//'
V
—_5
Hosiery Mills common—-.—4
Rollins
Schwitzer
Roebuck
Sears
ib
Serrick
40
60
60
Cani'ield
Oil
City
&
Ice
Cleveland
—
'
30% Mar
Genera!
Mar
Goodrich,
B.
Inc.,
Mar
Goodyear
Tire
&
Jan
8
Mar
Great
Jan
2
Mar
Interlake
4'4
i
.6%
Jan
10% Mar
70.
200'
210
.
Jan
85
T.
R.
&
Co.
Standard
Dredging
Oil
ou.numa
*-25
.
2%
Jan
9% Mar
Jan
3% Mar
Leland
5
-5.7
,t
3%
11%
25
pfd
—
Jan
65 %
Feb
Otis
4%
Jan
12 % Mar
Jan
26% Mar
3%
1%
Jan
Jan
5% Mar
23^
&
Co
Swift
International
2
32
Co
47%'
11
12
U
S
Gypsum
United
S
82 i
capital—'
Co common—:;
-20
Carbide & Carbon
Union
Lines
Air
Steel
;
Co
Wayne
Co capital.—
Pump
Wieboldt Stores Inc.
Cuniul
Nestle
LeMur
1574
•'
18% Mar
Jan
79%
25
456
Jan
Steel
^
Mar
67
Jan
16%
Jan
22% Mar
47% Jan
55% Mar
341
3%
8,800
22%
210
3
112%
Jan
2r
Jan
Jan
23 %
245
18%
Jan
23 %
156
2o%
Jan
34
144
80%
Jan
89%
'-2
4
3%
•
3%
,
;
Jan
.-'/i
•
90
Jan
35
25
21% Mar
21% Mar
914
Jan
10(4 Mar
—
Mar
Feb
10''«
400
53.'B
600
4
Jan
6
Feb
20
12
Feb
14
Mar
14%
Jan
18%
Mar
14
55/«
14
18(4-
229
57-i
20
Jan
7%
623
3 Va
"■
314
1.420
3%
19%
5 74
Richman
—__I
,1
—125
Van
Dorn
Jan
6% Mai-
33H
Mar
White
—
Jnv.
Motor
...
100
40%
a
a30
19
————————
—.50
al8
60'%
al8
12(4 Mai-
Jan-
27% Mar
a
7% Mat
Mar
«-
■
~5%
Feb
6'%
Mar
Jan
20
Mar
60
Feb
60%
Mar
13%
1.530
Jan
137 a
Jan
9%
20
al8
a35%
1
Jan
a
7%
100
20
60%
60%
23 3
61
6%
6 %
*
Youngstown Sheet & Tube—
^
55
a40%
—111
-I100
pfd.
Corp.
-
^
^
11%
75
403
714
a30
__
Works
Iron
.Res.
12'4
27:%
7%
■■
A
i.
7
26%
L.ul
a40%
<«
Thompson Products Inc
West
al6
-26:%
—
Upson-Walton
16
12(4
'»
—
——
a
i13
•
Rubber
19%
a
——————
Bros.
Seiberling
a
„^
Unlisted—
Firestone
General
Industrial
42
'
Y
.'.-.v.
35%
10
•
S
66
50
8%
17%
a
"
a52% a53%
Mar
14% Mar
49la
Jan
51%
6%
236
"J
—;
-
8% Mar
17% Mar
14%
15
14%
Jan
17% Mar
50
8%
17%
:
—*
—
;
Steel—
35%
—
common
Republic Steel
U
7
34%
14%
T
;
*
Cast, common.,1-"
Steel
RR
30% a30%
a
a37% a37%
a34%
common———*
common
Mall.
a
10
common—-
.
Rayon
Central
.
Rubber common—10
&
Iron
National
N
;
Tire
Electric
70
16% al7
105
Feb
Wailing, Lerchen & Co.
.3,\
Mar
too
3%
Jan
68%
300
58 Va
Jan
750
4%
Jan
935
19%
Jan
6%
New
Feb
York Stock
Stock
Detroit
■/.'
.;
Mar
;:,:.'4
374
68
974
35/a
;
4,650
•
89%
30%
Mar
—
Feb
Feb
85%
20
90
r
Feb
73
a22% a'22^B
5%
0
Mar
87%
3%
85
34%
18
new.————
Mar
33%
90
10
89 %
22% Mar
22%
V;:.:y3%'.V?
19% Mai33
3% Mar
20%
86%
%
Mar
Mar
116% Mar
31%
>
19%
33
30
86
0
A
:
Interlake
83% Mar
-
59%
212
67
22%
.*
capital
Co
Jr)
18%
Mar
12
Jan
200
1014
"B"—_—,
Brass
>
Woodall Indust common—;
(Wm
8"
750
y.
47% Mar
Jan
19%
33
'
Ohio
32% Mar
'
* '
115% 116%
50
Williams Oil-O-Matic common..^™
W rig fey
Jan
42
1,275
preferred^———-,
prior
294
338
■
14% Max
Feb
2,675
1
Westinghouse Elec & Mfg common
25
22%
Tel common-——1U0
Union
Western
Jan
54'%
•
common-.
22%
1,800
82%
65%
100
Utah Radio Products common——1
Walgreen
18% Mar
52%'
preferred
cumulative
V'
10% Mar
Jan
19%
22%
—*
——
Jan
81%
.
Mar
7':;
-•
•
"
capital-—5
Transp
common
■
•.
18%
■
5
Transcon & West Air Lines
U
12
32
665
32%
46%
Jan
114%
1,400
24%
Corp
Trane
24
Feb
-
2,500
>
17%
24%
:
25
.—15
capital-
10%
9%
2-8 Mar
2% Mar
%
28%
50
820
17
capital—-——-—-—25
(The) common——.
25
Texas
1,150
2 (4
31%
10
5
>
1,350
2(4
30%
common—5
capital--—
Swift
.
30%
common——-"
Macnine, Tool
5%'
2 >4
4%
—-2
1
Jan
*
Patterson-Sargent
Mar
Jan
9%
,
150
10%
34 %
—
:
Refining,
21% Mar
10
3% Mar
lud
600
89 74
*
Cement
Jan
300
■
.
Mar
13%
14
Portland
59%
407 '
>
12%
25
—
Medusa
Jan
19V
-
50
Feb
67
19%
—
Sessions
&
7*4
100
13
31% ft327»
a
100
Electric
National
3%
—
Mar
5
5;' -Mar
60
Jan
S3
H327/B
Laughlin—
Lamson
.11%
50
.1
Stewart Warner Corp common—
Oiuiuotranu
Mar
til
Jan
19%
33
Steamship
&
8,850
65%
capital—2_25
J
10%
59
30
'
Jones
3,600
64%
tiidiaua
oi
55~
10
Mar
3%
10
common—
Standard Gas & Elec
Mar
12%
1—_
Rubber
Lakes Towing,
9%
20%
common----—
95
100
;
P..
30
Standard Oil of Ohio
Spiegel,
Feb
Jan
88
67
al2% al2%
J
STJlh
common
52
.
84i%
10
Steel Strap common-——0
Works capital——5
8% Mar
10%
67
'
preferred—
Iron,
Jan
250
10 Vo
100
—
Fuel——....
Cliffs
Corp
2%
10>;
Bend Lathe
South
Jan
22
Jan.
2
20%
Corp class B common..^
'Signode
9% Mar
95
Jan
2u()
capital——*
Co
&
120
al 4
6%
'JV,•
Electric Co common —
Cummins .capital——1
Sanga mo
—
,,
10Va
95
22
8
83
8%;
2%
,
6%
al4
46%
20
2
84%
_*
common—
preferred
High
260
^^100
-
23%
v,
7%
9%
Co common-———50c
Raytheon Mfg
Low
8%
10'4
—
Kelly Island Lime & Tr.
'
Range Since January 1
High
8'4
Preferred
289
52 "
7%
2 1
r-
Low
Body
Mfg.—
1,085
29%
,
51%
30
■
class B———————*
Poor & Co
Potter
29
/
„
&
Shares
Brewing Corp of America.——— —,—3
Cutis
Pennsylvania
Coach
Elec
Apex
Mar
20
Jan
850
20
20
of Prices
.
,
—
Peoples Gas Lt & Coke capital—.—-100
Penect Circle
(The) Co..
——*
Sales
for Week
Range
Sale Price
STOCKS-
»
114 Mar
—
.
Week's
Feb
114
Exchange
compiled from official sales lists
inclusive,
Friday
Feb
86
3:,a
_—10
Elec class A common-'——*
Penn Gas &
18
Jan
80
—100
—
Jan
56
114
—
•
"A"—
cl
Switch
Elec
Penn
9
50
618
■
B_.s—o
common
200
80
14%
'
...
both
J 9
14 Va Max-
Jan
900
16%
80
—
———6
common——10
10%
14%
15%
—
„M
pfd——.100
7'U
Elec
&
Gas
>—
,
to March
,13
March
17% Mar
15% Jan
250
17%
Cleveland Stock
Range SlnceJanUary 1
■Low
High
High
16%
—-100 1
preferred----
Corp
Peubody
preferred
Low
:
-Shares
of Prices
•
•
,
*
100
common—
7%
Util
West
common—•
Inc
Airlines
Northwest
;
for Week
■
Sale Price
/
STOCKS—
Sales
Range
■
Members
New
Exchange
York Curb
Chicago
Exchange
Stock
Associate
Exchange
68% Mar
-7"
Mach capital——— .16
Yates-Amer
Zenith
Radio
Corp
•
common
Cri'y:
6
,
'24%'
.—
6,(4
.V
25 %
24%
Ford
6% Mar
25%
Stocks—
Radiator & St San
American
Anaconda
Copper
Steel Corp
Bethlehem
.Curtiss-Wright
8 Vb
277
6%
Jan
27%
27%: 28%
1,220
24%
Jan
29% Mar
;00
52%
51%
53
580
45
Jan
53
»
63%
.62%
637 b
625
56
common——
Co
Nash-Kelvinator
v
•
2i%
21%
■3 8 V8
.
Jan
6'/.
Jan
155
18>.
Jan.
1,420
6%
10%
Jan
8% Mar
Jan
14% Mar
,
1,037
14%
.
36%
32%
_«
•
V
America common
i
Jan
22% Mar
749.
14%
:
73i
•
•
4-
7%
26%
Jan
33% Mar
9%
Jan
14% Mar
j' 865
,
16%
16%.
6VB
STOCKS-—
\
Atlas
Sale Price
'v.Par
■■■
New Jersey capital. .25
common
17% Mar
Continental
4'/a
6%
Feb
Detroit
&
,316
46%
Jan
51%
Feb
Detroit
Edison
1,290
5%
Jan
10% Mar
Jan
'
.
.Crowley,
32%
265
33%
16%
33%
16%
25%
Jan
80
12%
Jan
33% Mar
Milner
Cleveland
S.
Rubber
Co
10
1
common
J
—
•
16%
Feb
to March
both
19
Last
•'
STOCKS-
of Prices
Sale Price
Par
Industries •'—>
Aluminum
2,991
3%
4.210
5%
5%
100
26%
26%
14
1
5
Baldwin
Champ
preferred
%
100
.—
-91
Mar
Mar
1
1%
1%
500
1%
Jan
1%
Feb
..3
5
5 Va
2,380
3'%
Jan
5 Vb
Mar
Finance, common ——1
common—........lO
48
Wood
Cincinnati Gas & Electric pfd—— —100
Cincinnati Street
89%
—50
——
;
1
—50
Cincinnati Telephone
8
3
88%
8
■
67 %'
67.%.
8 VB
69
5';-
Jan
2
64
Jan
81%
Jan
1,025
8
Feb
40
60
Jan
18%
Mar
Feb
Corporation
Wines
Screw
Products
Oil
.1
common
common
1
,
Michigan Die Casting—
i
Michigan Silica common———
Drug
3% Mar
91%
Michigan Steel Tube common——2%
Michigan Sugar, common
*
Feb
———10
Preferred
9
Jan
Micromatic
70
Jan
Mid-West
1474
236
9%
Jan
.14% Mar
3%
75
2%
Jan
3% Mar
i—■.—
—
—
Eagle-Picher
Early & Daniel
———
—
~9%
32 %
Insulation
Formica
11-10
30
24
—-0
:
9 Vb
:•
9%
143
7%
Jan
10%
Feb
32%
130
28%
Jan
32 %
Mar
24%
163/4
Jan
24% Mar
20r
Jan
26
20
Feb
21 Mar
17%. Mar
17% Mar
160
Gibson
25
—
—
—
1
21>.,
111
17%
.100
part. ,pfd.——
Hilton-Davis
26
20
Art
•Hatfield
17%
20
•
Procter
U S
& Gamble common—
_*
!
Printing.:
Preferred
*
54%
4%.
21
620
300
54%
55%
446
4%
24%
Feb
27%
20<
Feb
23%
10
3%
43
—50
—
26^8
3%
2__^._2.50
Magnavox
25%
21
26%
,——_*
*
1%
48%
Jan
Jan.
Feb
4
55%
Jan
Feb
Mar
Feb
5
963
3;
Jan
5
Feb
43
8
38i
Jan
43
Mar
•
Columbia
Genera 1
Standard
For
Gas
r
—
—*.
1—
Motors
10
*
*
Brands
footnotes
see
page
1075
12%
12%
13%
13
—25
Mill
13
13
3
>
47%
3
47%
6
Jan
Mar
3
Mar
Jan
Jan
22%
Feb
Feb
3%
1%
25C
3 Vb
100
2 %
Jan
3'%
3
3
400
2Va
Jan
3%
1%
1%.
520
1
Jan
1% Mar
13c
Jan
21c
26C
15,054
26c
Feb
Mar
1%
1%
3.200
1%
Jan
1% Mar
2%
2 Va
100
1%
Feb
2% Mar
5%
5%
100
4%
6,630
G2c
7%
6%
7%
800
6%
4%
418
4%
200
98c
98c
1
Jan
Jan
Jan
4% Mar
5% Mar
Mar
1
7% Mar
Jan
5
2%
2%
2,300
1%
Jan
Motor Products, common „—_——*
12 Va
12 Va
100
10%
Jan
7%
7%
7%
995
5%
Jan
8
4
4
4%
1,322
2%
Jan
4
545
1%
Jan
3
Packard
.10
Park
Car
Motor
—
3
Chemical
Parke
Davis
common——.
—.1
Motors common.
Rickel (H W)
River
Raisin
Standard
Stearns
common
Tivoli
_*
—10
.1
common.———1
Tube, common B
—1
Brewing,
200
1%
500
1
—1
325
14%
2 Vb
Jan
1%
Jan
2% Mar
14%
14%
150
10%
Jan
14% Mar
650
~1%
4
200
2%
Jan
4
1%
825
1'%
Jan
1%
1%'
1
Jan
2
Jan
%
2,300
1%
13%
100
13%
%
1 %
1,250
lVs
Jan
1 Va
Mar
1,250
2%
Feb
2%
Feb
200
3'/a
Jan
4% Mar
Jan
2% Mar
Jan
5%
Jan
1% Mar
675
4%
4%
200
4
4
100
Indus
Produ
2%
*
common.;
common
4
—2
Jan
2%
Wayne
Screw
Feb
Mar
13%
4%
1%
Feb
Woodall
Mar
4
12,418
1
Mar
2%
1
1%
■
3
1%
—
—
1% Mar
7% Mar
4
4
A—
Feb
Jan
7% Mar
76c
1,500
1 %
class
Mai-
2%
1 %
common
Cooler
B
6%
3
Warner Aircraft common————.——1
Radiator
Class
Jan
Mar
29% Mar
7%
Feb
S
Universal
5%
Jan
7%
13%
common
Investment common
6%
1
28
Mar
Va
2%
common
common
377
2% Mar
12% Mar
3
7%
Pattern
(Fredk.)
Udylite
1%
2
common..,.,—
Paper common.—,:
Sheller Manufacturing common
Simplicity
.1
3
28%
6%
—"
common
Prod
Mtl
28%
*
common
Parker-Wolverine,
Reo
common
300
48%
Jan
Mar
8Vb Mar
80c
1%
3,250
3%
4%
II
19%
1%
Jan
44%
Jan
263
2%
Feb
25
Jan
952
5%
13%
100
6
Jan
45/t
2%
1 %
13% Mar
Jan
48%
9%
51c
Feb
2-1%
2%
Jan
10%
2
6'/»
2%
5%
10%
60
965
Feb
1% Mar
Feb
21%
~1%
224
3 %
510
2,575
2%
Jan
4%
83c
50c
U
Rolling
200
7%
80c
*
Unlisted—
American
275
2
:—1
Union
City Ice & Fuel
11
7%
275
common
Scotten-Dillon,
Lunkenheimer
5,700
5
3%
48
common.
Hone
Abrasive
Peninsular
90
1%
75c
-—I
1
Murray Corp
Dow
Jan
11
2
common
48% Mar
1%
5
1
Kresge (S. S.) common..
——_—10
Lakey Foundry & Mach common..__—2
LaSalle
Jan
3,030
1%
Products common—
Kingston
3% Mar
44%
2%
3%
8% Mar
3'%'
14%
&
McClanahan
231
;
Jan
676
2%
1
1
5
common,—.———__2%
common.——*
Mfg common—
1
Mfg.
Lock
Feb
"12%
'
Crosley
89%
%
common
16%
Motors
1%
285
8%
3
"Crank—
Brew,
Industries common—-.
Jan
91
Mar
5'% Mar
%
Jan
5%
16%
Masco
Mar
Jan
26%
Feb
17Tb
Feb
3% Mar
4V8
Jan
1%
91
4% Mar
19%
Jan
Feb
Jan
2
I
Jan
3%
%
50
18%
Jan
2
13% Mar
20
>
3
17'%
26
20
91
8%
8%
-—-
Ball
Cincinnati
18%
18%
Paper & Fibre———
Churngolcl
%
%
2% Mar
125
9% Mar
%
Jan
210
24% Mar
,
5% Mar
1
694
Jan
,
Feb
Jan
5 Va
Jan
5 %
.
256
1% Mar
14%
4%
16%
20%
9%
!:
High
Low
24%
24
24%
—7
Prod,
prior pfd—
Participating preferred
Am.
20
Range Since January 1
Mar
5VB
Corp.
Hudson Motor Car,
Shares
1,910
6,720
Truck
Hoskins
High
9%
Machinery.—
Laundry
American
Low
322
2 Va
Feb
1% Mar
12
Jan
3%
common.
■
Jan
12
4%
common.
...3
common.—5
Hurd
,
75c
18%
common..——
Hall Lamp common
for Week
Range
5%
100
3%
Brewing common
Graham-Paige common
Sales
Week's
Friday
•
3 Va
Goebel
compiled from official sales lists
inclusive
Jan
18%
Motor
General
Cincinnati Stock Exchange
9%
4%
Mogul
General
13
Jan
common—r_*
Ex-Cell-O
Frankenmuth
March
1%
18%
Federal
Gar
5%
100
1%
-
.
Feb
7
20
Federal
U.
Yellow Truck & Coach class B
2
High
;
Jan
655
%
14
5%
•
Jan
4 Va
1251
12
1%
,
5%
common—10
Nav
Stove
Low
785
1
,
Range Since January 1
2,400
5%
14
2
common——
Vacuum
1%
._1
common.—;
common..
Detroit-Michigan
Eureka
"4
12 %c
10
common
Motors
>1,105
10%
,
,Jan
Paper
Shares
7
5 %
1%
—
Burry Biscuit common.;
B'/a
50'/b
9%
-
9%
44-
Feb
8
official sales lists
High
6%
5%
1
Brown, McLaren common,^..
Burroughs Adding Machine..
Range
of Prices
11%
Rubber common—————1
590
49%
.[
..1
Jan
from
Sales
for Week
Week's
Low
:
common.......—a.5
Drop Forge
17%
■\.:'"5%,
Standard Brands common
4.5
1,875
8
Exchange
inclusive, compiled
Last
21% Mar
15%
337'b.
14%
32%
——
Republic Steel Corp common
Studcbaker Corp
both
19
March
Friday
Consolidated
Standard Oil of
to
8% Mar
'
(The) common
Radio Corp of
13
March
Feb
3,800.
22%
22
22
•
Co
Jan
'
common
capital—.
Oil
13%
Detroit Stock
Mar
9
6%
30%
700
8%
13%
Mar
64% Mar
1,085
.
8%
8%
Jan
1,193
1
7%
%
Baldwin
1
Inc
Pullman
9
34%
:>
capital-.
■
Pictures
Paramount
Pure
■
'
8
Co
Central RR
York
New
8%
35
y-
————
common— ,_i
-5
Corp.
L)
(Glenn
7%
35%
Interlake Iron Corp common.—
Martin
7
8%
;
——
Electric
%■
8% Mar
^50
—*''''
com—
Mining—
Santa Pe com—
—
Atchison Topeka &
General
1
Telephone: Randolph 5530
.
Unlisted
DETROIT
Building
Feb
1%
3%
68c
Mar
1% Mar
5
Mar
4
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1072
Monday, March 22, 1943
OTHER STOCK EXCHANGES
Week's
Friday
8TOCKS-
Los
Angeles Stock Exchange
Last
Range
Low
Cons.
Barnhart-Morrow
Diamond
Blue
,—
3,740
1.80
Feb
:: i
4
800
3%
Jau
'
al5
17
200
t
v
2,000
2c
Mal¬
3c
Jan
1C
2c
8,000
ic
Feb
3c
20%
16 %
Jan
Chrysler Corp
25
Feb
10
19
Jan
31
8
Jan
10
Mar
a72%
a72%
73
80
Jan
68%
8%
8%
9
739
7%
Jan
9% Mar
8%
8%
441
6%
Jan
9
,
*
———
*
America—.——1
Preferred
of
Products Corp
General
Paint
common——10
common———*'
Corp
Motors
General
Corp
Goodyear Tire & Rubber Co
Co
Mfg
Pacmc
Corp
3c
4c
37
75c
Jan
Feb
39c
24%
Mar
Mar
97%c Jan
1.45
1.60
2,530
7c
7c
2,000
of California
.
57% Mar
1.65 Mar
8c
Jan
5c
Feb
32c
35c
5,100
9c
Jan
35c
Mar
40c
900
35c
Jan
40c
Mar
9
5%
9
.
V
'
10
910
4%
.
10
9
Jan
-
213
27%
396
23%
Jan
30%
Jan
33
29
L;'.
29
American
Tel
Budd
(E
G)
Budd
Wheel
Van
de
Kamp's
Pub
Electric
38%
441
34%
Jan
900
2.10
Jan
30
8%
7%
580
4%
Feb
25
100
8%
4
31
Co
Philco
—
RR
20
Jan
9%:Mar
35
3%
150
1%
Jan
3% Feb
102
16%
Jan
27% Mar
37%
39%
720
33%
Jan
40%
47%
48%
836
44
Jan»
48% Mar
6%
6%
%
67%
74 3/a
Feb
Feb
4%
Jan
2%
•"!.'» 3%
Jan
2,860
Jan
4% Mar
4,701
23%
Jan
30% Mar
323% Mar
4,705
■
r;
3%
42
6% Mar
4% Mar
4%
4%
28%
30%
31%
31%
32%
336
31%
Jan
18%
18%
19%
340
13%
Jan
19% Mar
17%
17%
10
14%
Jan
30%
30%
50
26%
Jan
19
Mar
30% Mar
28
28%
22%
Jan
28 % Mar
39%
61
38 %
Jan
43 V8
59
59%
176
48%
Jan
60% Mar
-
'
''
mn
■■ "■
"
28
.
'■
'I
»
"
254
.
■
.
Bridge-
•
.
Feb
f/:
7
Jan
22
24
Mar
—*
24
mil
m %
%
156
i7s
Jan
%t
1%
681
%
Feb
1% Mar
1%
1%
1,744
fa
Mar
1% Mar
—25
24
common—,—25
Preferred
10
'
'
*
%
%
1%
»
common
Jan
4%
—
23%
22%
24%
1,142
_•
7%
6%
7%
19,265
105% 107%
1,537
—
preferred
^8
Jan
17%
Jan
5%
362
%
Jan
•
1%
Feb
Feb
24% Mar
'
United Gas Improvement common.
S5
*
preferred
Coal
107
20
22%
23
22%
Jan
103
21%
40
7%
Feb
107% Mar
Jan
24 %
Mar
Pittsburgh Stock Exchange
Jan
9
13
March
to
li)
both
35%
195 i
37%
44
34%
32
;
compiled from official sales lists
inclusive,
Week's
Feb
Last
STOCKS—
Sale Price
Sales
Range
Friday
for Week
of Prices
Shares
5% Mar
3% Jan
2,550
March
37% Mar
Jan
34'% Mal¬
Jan
ic
Jan
Arkansas Natl Gas Co
Low
a
Allegheny Ludlum Steel,
lc
2,000
lc
Jan
4
2,856
2%
Jan
4
Mar
Byers
(A.
M.),
common—
5
5"'
4;y, Jan
5
Mar
Clark
(D.
L.)
High
Low
-
183%
171
24% Mar
Jan
3% Mar
3V8
100
1%
Jan
8%
255
6
Jan
8% Mar
11%
8
8
-
24%
3%
__
Blaw-Knox Co
Hiff
23%
0
•
lc
50
10
Jan
12 % Mar
'
;
—
;
100
r
1,558
21%
Jan
24%
Feb
594
30
Jan
31%
Feb
Duquesne Brewing
29%
29%
474
28%
Feb
30%
Feb
Electric
20%
21
33%
33%
7%
7%
/16
1,210
717
21% Mar
Jan
Feb
35
28% Jan
6%
3,025
8%
al7%
19
8% Mar
Jan
Nat.
3%
7%
20
8%
a
8%
16
140
3%
6%
Jan
7%
•
Feb
,10
4
Feb
9
Mar
Pitts
Mar
16
Mar
Reymer
3
Jan
4
Mar
Ruud
7%
Screw
i
4%
Jan
Feb
3c
Mar
2,000
lc
Mar
l%c
Jan
1;
&
Mfg.
Shamrock
2c
3%
100
3c
1%C
1%C
Jan
100
2%
Jan
1%
3%
Jan
8%
Jan
3
1%
1%
3,356
1% Mar
17% Mar
13%
Jan
92
Jan
7
Jan
7%
5%
Jan
7%
7%
770
7%
1,365
-
■
55c
—
&
Bolt
25
89%
_
__
:
■■
&
Gas,
preferred
common
1
..
84%
Jan
91%
Feb
a
39%
20
5%
145
2%
100
7
5%
Jan
7
3%
3,382
2%
Jan
3% Mar
9%
9%
950
9%
Jan
9% Mar
4 %
7//.125
•
5% Mai2% Mar
Jan
Jan
7 2
Mai-
Feb
35
•
20%
35
120
35
Feb
35
19%
_
_
Mar
7
■
'7
Westinghouse Air Brake,—L
10
3
7
3%
_
Vanadium Alloys Steel
Feb
5%
'
5%
__
_
Oil
Feb
Mar
9%
125
a
Bros.
Feb
95c
2%
•
Corp
10
Mar
100
Jan
25c
100
89 %
10
55c
10
W-.
'
Feb
Mar
3
88
7%
Feb
11% Mai-
50
17%
99% 100
«
Pittsburgh Plate Glass
Jan
16
1,000
4
3c
■
2
832
7
Radiator
100
3%
2,890
17
100
Supply
Fireproofing Corp
120
16
—
a
Fuel
Mountain
11%
a7%
"1%
a
:
33/8
3
mil
Refrac
pfd
Lone Star Gas
Jan
''
a
7 %
Jan
11%
2%
11
—
—
Walker
Co.
2%
mi5
6%
240
'
90
8%
(1
—
—
Brewing,
Harbison
200
"l
——
Products
Pitt
Fort
10%
—
•
Columbia Gas & Electric
31
7
7
—
23%
331/4
11%
•:
a
Candy
31
y
—
a
common
23%
23 %
31
*
8%
21%
228
15%
Jan
21% Mar
Feb
Corp,,———— —14
Viscose
■
(The)
(Del)
Co.
(The)
Jan
Feb
142% Mar
a35%
36 3i
75
32%
Jan
34%
a27%
28%
200
24%
Jan
29
4%
4%
400
3%
Jan
53%
302
—
—
a51%
25
a22
*»•
3
St. Louis Listed and Unlisted Securities
8>/4 Mar
131%
5
Atchison, Topeka & Santa Fe Ry_. ,100
Corp
6%
100
558
965
50
Copper Mining Co,
Co (111),—
Refining
8%
8
a41%
—
—
41V2
139 Vs 140%
0
Tei Co
Anaconda
Aviation
6%
27%
3%
•
Corp
6% Mar
28%
50
__
Class
"A"
participating—
Tonopah Mining
—
$3
Feb
Jan
39%
——L.
Corp
Feb
3
26
•
3
_
13%
144%'
47%
50
_
73%
High
!
Jan
38%
50
Sun Oil
United
80
—.
common
Invest
9%
LOW
11% Mar
127%
72
:: V. 6
•
—
Scott Paper common,
Transit
1,332
3%
•
—
_
Range Since January 1
;
6%
5
; 9%
♦
Light,
;?:
487
7
■
27%
*
Corporation
3%
3%
1
American
Atlantic
Feb
72
III10
&
Shares
High
139% 141%
9%
——*
—
■r
Sales
55
*
common,—.
preferred
2nd preferred
10%
Smelting & Ref Co
American Tel &
&
Mar
for Week
12%
5%
IIII5
—
Co
1st
Nat
Sani Corp
Amer Rad & Std
Armour
4%
Mar
Stocks—
Unlisted
Amer
Jan
of Prices
139%
—*
Company
Power
Reading
18% Mar
Co
*"2%
147
Low
Penn(-oad Corp voting trust ctfs—,mil
6Vo
Mining
10
35
Range
«
common
'
Gold
Jan
a4
Sale Price
Feb
Stocks—
Cardinal
82
Week's
Par
—
Mammoth Cons Mining Co— 10c
Jan
33
inclusive, compiled from official sales lists
—100
Pennsylvania RR—
Jan
Alaska;Juneau Gold Mining Co
Black
82
2.70 Mar
2.70
'.■V,
Mining
Mfg
39 % Mar
37%
10
105
Friday
Motors
National
15%
.
both
Lehigh Coal & Navigation,—
1.276
pfd
Cement
Portland
19
,
Storage Battery
General
18%
Inc
pfd...
1st
Fix.
&
87%
12%
Prior preferred
18%
Inc—
Shwcse.
Yosemite
Bakers,
D.
H.
Aircraft
Vultee
Weber
Mar
86%
a34%
'
v
Tel—
&
Chrysler Corp
Curtis
:, ,10
i
55
a
Par
,25
Consolidated Oil
Jan
American Stores
Jan
400
2.65
30
al9
California—
of
Oil
Union
Universal
Mar
48
Last
-...
;VrV'STOCKS—
29% Mar
Mar
29%
38%
;,•••'■
4%
—2
Jan
33
'
27% Mar
19
—
Air
48 %
215
"
Jan
15
Mar
10
32%.
2.70
,
22 %
200
550
22%
33
53
Mar
a26%
29%"/
•
Corp
Western
&
Transcon
1
j.
.
Koppers
Transamerica
13 to March
!'/..
"I..,-,
Westmoreland
a32
a26%
.
34 %
Co—._.
Oil
10% Mar
Jan
57% Mar
•
Pacific
8
24% Mar
237
.
Feb
40c
Jan
40c
1
Sontag Drug Stores
0
Southern California Edison Co Ltd—25
6% preferred B—————25
5Va% preferred C——
25
Southern
17%
1,600
34c
——
Standard
:
Tacony-Palmyra
Jan
/27c
683
10%
1.45
1
Tarding Corp——y—y,„25c
9% Mar
57%
*
Solar Aircraft Company
4c
Jan
10%
—
common——1
Stores,
Jan
57%
10 %
Mar
lc
6,900
34% Mar
33
22%
33
Philadelphia Elec. Power 8 % pfd,.—25
Mar
6%
4,000
700
38c
*—
com——
4c
22%
Company
Co
30%
Jan
57 %c
2,400
9
1
1
Inc.——.
Security Co units of ben int—
Sierra
75c
Jan
1% Mar
Ryan Aeronautical Co—.
Safeway
8
Jan
1
Richfield Oil Corp common———*
Ranch Oil
26%
34
217
33
Jan
———1
Republic Petroleum Co
Rice
Mar
il
—
Lighting
Mar
14
4%
6
common-——10
Corp
1st pfd
6
Jan
50
—25
5%% 1st preferred—————25
6%
Jan
665
Electric common—25
Gas &
Pacific
5
V 9
7%
Products-
Pacific Finance
100
600
al%
Petroleum Corp——1
Clay
48% Mar
7%
10
—
Oceanic Oil Company
Pacific
Jan
al%
Corporation Ltd————1
Occidental
44%
8
1
Angeles Investment Co—
Mascot Oil Company
Menasco
Mar
6
75c
10c
Corp———
Los
Nordon
Feb
406
14
a35% a35%
1
;
Aircraft
47%
a31%
a327/a
10c
Co
Lincoln Petroleum Co,.
Lockheed
29
Feb
20
1
Hupp Motor Car Corp
Jade Oil Company—
Lane-Wells
Jan
405%
947
;
*
Car Company-
Motor
Hudson
Feb
9% Mar
11
—1
Development Co
4%
'■/'
3
200
28
a410
47%
*
Holly
Jan
28
14
•
Hancock Oil Co class A common
Jan
7%
Jan
% Mar
22% Jan
Feb
3%
610
'
6
—*
Gladding McBean & Co
19%
2,300
9%
20
a410
28
a410
47%
Merchants Nat'l Bank—100
368
4%
8%
4%
1
class A common—
Co
Oil
Exeter
Farmers &
68%
4%
19%
20
-4
—
23% Mar 74
157
!
Jan
53%
22%
10
Mar
300
Consolidated Steel Corp.—;
Electrical
20% Mar
10
31
27%
Philadelphia Stock Exchange
March
.:
23%
31
31
Consolidated Oil Corp—-
Creameries
.
9%
23%
--
5
:
295
High
60
200
34%
a4
—5
,,
Co—
Jan
—1
Company
(F W)
Feb
3C
20%
common—'1'
100
Corp.
Packing
Woolworth
Jan
2C
*
Transport-
Low
a82
Jan
9%
2c
Central Investment Corp——
Aircraft
90c
Jan
3c
3C
.-1.
Lines
Range Since January 1
2.00 Mar
1.35 Jan
Feb
2c
34
States
Shares
High
a82
5
-
for Week
Mar
17
lc
2c
Byron Jackson Company———
Feb
2,000
2C
c————
%
Jan
-——1
Preferred
4
7%
100
9%
—1
Preferred
2.85 Mar
Jan
75c
800
85c
9%
common
10
1,002
2.00
1.85
82 %C
9%
Broadway Department Store Inc—— *
Cessna
2.85
4
1
common-
Buckeye Union Oil Co.
California
2.65
2
Corp
Chica Oil
Bolsa
Company
Petroleum
2.75
50c
—1
1
Inc
Accessories
Aircraft
•
Corp.
Rubber Company.
..10
Corp
»
Westinghouse El & Mfg Co—
—50
Willys-Overland Motors Inc
—1
High
«'.•
Low
High
Corp
Low
S. Steel
U.
'
Par
Air
United
Range Since January 1
'< Shares
of Prices
Aircraft
United
Sales
for Week
Week's
Friday
Sale Frlce
STOCKS—
United
Sales
„
Range
of Prices
Par
Union Carbide & Carbon
compiled from official sales lists
J 9 both inclusive,
March 13 to March
Bandini
Last
Sale Price
5%
%
Jan
Edward D. Jones & Co.
Feb
21% Mar
3%
Jan
1922
Established
52% Mar
21%
1,100
5%
48
50
a22
5%
Jan
Mar
4% Mat-
5% Mar
705 Olive St., ST. LOUIS
Members
Locomotive Works v t c___
Baldwin
a
16
16%
45
a
—
5
Co
Oil
Barnsdall
13
14% al4%
12
'■
% Feb
13
50
Jan
14%
Feb
Chicago Stock Exch.
■
Aviation
Bendix
Service
Cities
Columbia
Solvents
Feb»
8%
100
7%
a7%
1
3%
3%
450
12%
13%
75
9%
a23% a23%
53
22%
12/16 12/16
100
a20% a20%
a
Corp,
♦
'•
—1
Continental Motors Corp,——_
Curtiss-Wright Corp
—
"•
W-"
1
a5%
1
!
8%
a5V2
6%
8%
8%
24%
35%
35%
Jan
New York Curb Exchange Associate
Mar
7% Mar
3%
St. Louis Stock
Feb
Jan
13%
Feb
Jan, i-
24%
Feb
%
Jan
tit
~5%
Feb
7
Jan
13
March
to
19
A
Electric
General
General
Foods
Goodrich
Int'l
—————
(B.
Co——.—y
'
—1
*
Corp———,—
F.)
Nickel Co
of
'
•(;
#
Co
»
Canada
a37%
38
34
31%
113
32%
Jan
Jan
80
a
—
Tel & Tel
35%
36%
35%
Par
33%
a33V4
Feb
Jan
■'
Libby McNeil & Libby common—.—,7
Loew's
7
7
a6
-J*,''
6%
■
a49%
——
—
135
33%
55
49%
-
Feb
34%
"Feb
6%
Jan
7%
Feb
5%
Jan
6%
Feb
39
—_
5% preferred:———
Brown
180
7/
common
Shoe
Brew.
10
Co—
&
Inc.——18
Robbins,
Montgomery Ward & Co——
New
York Central RR
North
American
North
Aviation
a
American
Company—„
Pennsylvania
Oil
Pure
Radio
Steel
Roebuck
Co——
Corp
&
Southern Railway
36%
Feb
37%
Feb
13%
14%
775
10%
Jan
14% Mar
13%
13%
475
10%
Jan
—
Co
12%
438
10%
Jan
13% Mar
4%
1,175
2%
Jan
4% Mar
12%
12%
3%
3%
:
a28%
29%
al4%
,
—♦
15
175
8
622
7%
*
16%
15
86
350
16%
24
Jan
30
12%
Jan
13%
5
14%
Jan
Jan
8
Mar
65%
101
59%
Jan
64% Mar
11%
12%
1,208
10%
Jan
12 % Mar
20%
20%
■250
16%
Jan
22%
--
Feb
5%
5%
220
4%
Jan
of
Ind
capital—!
25
a3l%
31%
70
28%
Feb
31% Mar
Co
(New Jersey)
25
a
50%
118
47%
Jan
50% Mar
694
5%
Jan
10
Mar
200
24%
Feb
25
Feb
Water
49%
i
9%
9%
25
24s's
24%
6
'
25
Assoc
Oil
Co
footnotes
see
page
10
1075
—
a
12%
Feb
47%
a46%
a
Key
Co.,
Laclede
Landis
Jan
^Tan
45
Feb
5
31
Jan
37%
Feb
(4%
.
40
34%
4%
9%
7%
Jan
60
200
9%
100
'A
210
'
3%
Jan
4% Mar
7%
<
Jan
9% Mar
23
26
25
8
<8
75
7%
Jan
6
6%
325
5%
Feb
5
8%
8%
75
7%
Jan
—100
5%
5%
10
3%
319
Jan
Mar
Jan
28%
Jan
8
Jan
25
*
Pfd
—•
common
32%
32%
159
42%
Jan
46
12%
14
9%
Jan
12% Mar
6%
*
Com
Steel
common—.
'v"
33
35
4%
Feb
455
15%
Jan
6%
16
16%
,25
10
10
*
41
41
15
15
15
13
13%
50
18%
18%
19%
130
20
*
Machine Com—
•
16
—
6% Mar
8% Mar
6
.
Feb
33% Mar
6 %
18
Mar
Feb
9% Mar
80
9
Jan
4
38
Jan
12%
Jan
11
Jan
13
Mar
14%
Jan
20
Mar
Jan
104
'
Portland
common
Cement
,—
common,.
—25
105
1
National Bearing Metals common,
National Candy
2nd
common
preferred
*
*
103
1
102% 102%
100
St.
Dry Goods Com
Louis
Car
Scruggs-V.-B.
Scullin
Sterling
Wagner
Steel
Alum
—100
Pfd
Inc.
2nd
Pfd
common
common
Electric
9%
*
common
9%
41
Mar
15% Mar
Jan
9% Mar
45
6%
5
40 l/e
Jan
45
97
Feb
98% Mar
•
Rice-Stix
Feb
*
Oil
For
Shoe
Mo
Oil
Tide
International
Feb
17% Mar
Standard
Corp
Swift & Company—
Texas Corp (The)—
Huttig S & D common—
Hydraulic Pressed Brick
McQuay-Norris
Standard
Studebaker
34%
5%
1,180
.
;
i
common
Feb
a64%
•
•
Standard Brands, Inc—
6
41
High
Low
High
13 % Mar
•
—-
Socony-Vacuum Oil Co
185
38%
1
.50
.
Co.
37%
•
borporation of America
Republic
Sears,
RR
a
—*
Co———yj....
—v.:.-:
Ely & Walker Dry Goods common—25
Falstaff Brew
•
Packard Motor Car Co——
^.
Range Since January 1
Shares
.
50
al7% al7%
.•
Inc—
for Week
6
Com.———_^5
Hussmann-Ligonier common
McKesson
Sales
Range
41
6
*
—
Week's
of Prices
Low
—50
common
Electric
Century
Columbia
1
'
Exchange
compiled from official sales lists
■
»
Inc
7
Investment
American
-M.W.M.4W
'
''w--
Corp
'
Sale Price
8% Mar
■'
International
-
Last
168
Friday
STOCKS—
'
Class
both inclusive,
Jan
Jan
March
215
a
"
Feb
8
/;
Bell Teletype SL 593
Associate Member Chicago Mercantile Exchange
Feb
29%
4%
715
23%
Jan
2
50
a
Jan
5%
'
,61%
CEntral 7600
Postal Long Distance
Chicago Board of Trade
50
*
—
Southern
&
Feb
29%
a
»
Corp
Aircraft common,—
Cons
61 %
95
:
Commonwealth Edison common—— —25
Commonwealth
210
31%
a8%
,-10
Elec Corp———
&
Gas
Commercial
64%
a31
~"~5
—25
Co
Company
——L
a62%
—*
—
_—,,——
55
a38% a38%
Corp———
Bethiehem Steel Corp.—
Borg-Warner Corp
Canadian Pacific Ry
Phone
New York Stock Exchange
St. Louis Stock Exchange
Mar
16
Jan
Mar
45
45
100
98%
98%
67
♦
9%
9%
40
7%
Jan
8%
8%
110
6%
Jan
8
% Mar
511
24%
Jan
28
Mar
53
Jan
59% Mar
1
15
8%
27
26%
27
59%
59%
10% Mar
Bonds—•
St. L. Pub. Serv. 25 Yr. Conv. Inc.,1964
$3,000
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
CANADIAN MARKETS— Listed and Unlisted
Friday
Week's
Sales
Range
for Week
Last
| Montreal Stock Exchange
Canadian
;;
to March 10 both
13
March
Funds
,/
y"
,
Week's
Last
of Prices
consolidated
Shares
Div
Paper
Glass
Consumers
Range Since January 1
Steel
Preferred
common.
Ltd
Asbesios
Canada
Breweries
Power
Bathurst
2%
# 11
■;
—
Columbia
British
Class
Power
3'A
B
Bruck
454
100%
Feb
102%
Feb
25
21%
Jan
25%
Jan
15
Jan
15%
Feb
13%
.
'
Cement
Power
7%
.
•
9%
Glass
Consumers
Distillers
•
L'.
—
————-*
4%
Jan
92
15c
3%
1,478
3
27
Mar
9
Jan
%
11
'
.Jan
34% Mar
7%
Jan
27%
Jan
28%
32 7-
325
27%
Jan
32
Mar
Feb
139
Jan
.7;
:
41/4
4%
4%.
9%
3%. Jan
3%
10
2714
271%
,267/s
.*
315
27%.
Jan
Mar
Jan
9%
718
—
;
Jan
Jan
43 %
Jan
27 W Mar
27% Mar
26
.375
29 %
Jan
Feb
•
•
Preferred ..—7——
—.100
Dominion
Bridge i—v——-—
Dominion Coal preferred
98%
—
25
13
Glass
Dominion
Steel & Coal
Textile
'■
.100
$ 153
;
:• -7,7
——J
Canada——.
of
Co
Power
*
•
27
13
325
40
/.i
9%
11%
'
6
7,
7.35
6%
6
14'%
Jen
80
..
153
Jan
Mar
7
Mar
450
5%
50
14'A
Feb
7 15%
Jan
215
7%
Jan
8%
Jan
8
Jan
9
15
81%
8%
8%
8%
Feb
Wares
»
common
Preferred
■
8%
.100
99% 101
f
<•
Smith
„
Paper
Hudson
<
:.100
Bay Mining—
Preferred
Bronze
'
Petroleum
of
Lake
Woods
Massey-Harris
Melchers
37%
•
17%
Jan
1,596
27
1.565
12
Jan
10%
7
21%
&
6%
22%
Oil
Moore
—
wf'
24%
J
Nova
Limited
Scotia
L
P
&
—
Standard
common.
30%
13%
/
Clay
Preferred
Mar
$1
Mining
Gold
Frankcoeur
J-M
Mines
Corp
Lake
Montreal
Nova
11
7
25
—
Feb
24%
Mar
11% Mar
12
Jan
47%
Jan
45%
25%
__
_
90
6%
Jan
7
Gold
_
743%
Feb
48
Mines
Jan
11%
135
100
15%
Oil
Co
Co
1.75
Jan
2%
6%
Acme
45
114
118% Mar
Feb
3%
V
Jan
7'A
11
216
10%
Feb
66
81
59%
Jan
66
Jan
72%
72%
180
66%
50
305
48
19
10
3
375
135
153
153
11%
Jan
:2%
Jan
.
Mar
Jan
Feb
Feb
3%
Feb
Jan
2%
21
3%
42%
Feb
129
135
Jan
Aldermac
Algoma
Anglo
19
both
STOCKS—
7 Vt
cum
Aluminium Ltd
Brewers
British
&
7
53
132
Jan
140
Jan
^
6%.
Power
Dist
of
100
Columbia
Canada
Bud
Canada
&
cum
preferred..-100
Corp
Packers
Breweries,
of
Breweries
Ltd
Dredge &-Dock
General
Co.
of
Co
Ltd—
7%
cumulative
Canadian
Canadian
7%
Catelli
5%
Food
For
footnotes
com.
I—j..—
see
page
40C
"100
25
85C
85c
24c
24c
...
-
1
Nova
of
Ltd
:
—
Bathurst
class
Power
1075
Jan
*
4%
100
—J
O ;
•
—
«■
7-V
45
10
-
17% Mar
6
Jan
18
10Vz Mar
Exploration
&
Ribbon
85
Bralorne
Mines,
15'A Mar
8% Mar
*
Jan
to March
19
Building
50c
60
8%
12
Jan
Jan
Jan
Products
:l
89c
Mar
Feb
3'Ac Mar
1.04
Jan
1.85
Feb
500
IV2C
Feb
2c
Mar
66%c
Jan
1.00 Feb
43c
2,300
38c
Jan
44c
70e
72C
300
68c
Jan
76c
Feb
lc
lc
9,000
%cMar
4c
Jan
_
i
1.68 Mar
IOO
25c
25c
25c
10
3.10
3.25
3%c
Mar
2.66
700
3%C
% Mar
32%
17'A
Feb
Feb
8% Mar
50c
Mar
1.85
Mar
55c
Mar
4%
Jan
42% Mar
Jan
9%
Mar
Jan
13 %
Mar
both
Jan
5,500
40c
Jan
3c
Feb
3.50 Mar
5c
Jan
Feb
Co
2nd
Week's
Last,
Par
.'
.
.
common—•
'
5%
&
Linen
pfd.
75c
90c
275
70c
7%
525
5
Jan
12,000
6c
Jan
•
20c
."
__
600
11c
12c
13,100
8%
12c
20c
8%
101%
60c
3,400
3.50
140
38c
35c39%c
20,300
1
3%c
Class
2.50
245
2.50
-
Jan
Jan
102%
Feb
65c
40c
Feb
4c
3%c
Mar
1.35 Jan
8V8c Jan
150
1.66
15c
155
Jan
2.22
5
Feb
3.75 Mar
Mar
Feb
Feb
Jan
Mar
2.50 Mar
Jan
245
245
9%c
700
8l/2C
13%
110
13% Mar
15
Feb
10c
Jan
19c
Jan
78c
71c
Jan
85c
Mar
15
717c
13%
15%c
75c
75c
-
* 7
2.50
Feb
9%
125%
9'/2C
__
1
17%
17c
27,500
•
1,500
•
Feb
;7
250
Jan
234
4
7
11 %c
Feb
Feb
17%
18
Jan
18
147
v
147
148
147
140%
Jan
150
Jan
9
'
9
9
10
63A
Jan
9
Mar
1
15VuC
14c
16c
42,409
—100
...
;
7
35
10c
1
l0%c
♦
10%e
'9.00
15%
16
19'A
19
.;
18
.
1
47c
1.90
1.90
>
Ltd
*7
——
Mills
common-.:
'
__
_i; :;
:
Ltd
—
common
—
——
:
;
50
L_
::i,
Canada Foundry & Forging class A—*!
Canada Packers Ltd
Steamship
common
100
23%
134,
Feb
Feb
19%
Jan
30
Feb
9,700-
46c
Jan
55c
Jan
4%c Jan
13c
"1.60 Jan
150
-.
5
5
11%
125
1.46
1,730
"a
25c.
5,350
4
29
10
40
4%
4%
23%
5
:
23%'
33
33
35%
Feb
15%
Jan
3c
Mar
10
Jan
5
Mar
77 9%- Feb
11% Mar
1.15 Jan
1.61 Feb
21c
Jan
3
Jan
102% Mar
40
Mar
4'A Jan
32c
4
Feb
Mar
102% Mar
40
5%
Mar
Jan
92
Jan
95
21%
Jan.
24% Mar
79'%
Jan
140
7
10%
50
J»n
Feb
10
.
134
10'/2
:
Feb
Feb
2.15 Mar
6%c
35
87
133
IOV2
——
35
95-
*._—*:
—_
/
Mar
9%
4
20
102% 102%
Jan
2c
*'
500
1.40
93%
13
2,500
11'A
4
3'Ac
2,500
107
86
j
19%
27
27,900
3c.
40
•
100
—
1-.
19% Mar
,*■' 1,600
10
23c
——"
———100
Permanent: Mortgage..
1.45 :
*
Feb
Jan
5,500
2.01,
13%
Feb
9.10
16%
Jan
4%c
•
Mar
Mar
Mar •
V
3c
10
17% Jan
12c
14C
18
50c:
13%
13%
—_•
common
Jan
36
23%
-10c
4c
7.40 Jan
'
Mar
20
27% 7
•——..
Jan
Mar
24
25%
46c
Jan
9%c
14 V2
1,250
18
■
7 '
•'
636
19%
Jan-
8c
,
1,350
26% 7" '
8%c
* ':<-
•"
.
25%
_* /7
29%
185
12,700
,
17c
9%c Jan
7,200
12c
777.75
-*777 26
Mines
36
.
9.00
A—7
—
100
:
9%c lO'/sc
•
15 Va
♦
class
"B"
Preferred
155 .3
Feb
Mar
20c
Jan
20c
7,250
Feb
20c
Feb
3.00
3,486
11c
10c
:
Jan
47c
1,000
1.50
10c
7'777A:7
„_100
Canada Cement common—
Preferred
3%c
1.42
153
1
^.1
Feb
Jan
101
54c
3.50
8%
sVz Feb
607
54c
1.00
r
•
14c
Jan
106
3.50
1
Oil
7
'
Jan
9c
423
101101%
Jan
13%c
35
-
•
—
Range Since January 1
Low 77,7
High
6%
Sullivan.,
A
Canada
'
u—■»
—
Bread
Class
-7.
10%c 12%c
__
pfd.-100
?r77;y'7'7 '7,;';';
High
■
120% 123% 7
Calmont
Can
•:
Low
7
7
•
*
'
of Prices
10%c
—*
Sales
7
for Week
Shares >
7
Range
75c
1
—
Calgary & Edmonton Corp Ltd.:
Canada
Exchange
inclusive, compiled from official sales lists
Friday.
Sale Price
Mines
Caldwell
Bunker Hill
Mar
25%
...
Feb
Mar
1,775
—
*
'I ''
Radium
Gold
Gold
Jan
8
168
350
_
2.06
51
Jan
90c
25c
Packers——'*.
90
Feb
60
—
47%
Canadian Funds
Oil—
Burlington Steel Co
162
3%
9%
i
3.15
Light & Pwr com—* f.
Feb
Mar
286
.—
:
1.00
...
Ltd
Mar
169
Jan
13 Ve
■■■'
———1
8%
Jan
Jin
40'A
20
5
19%
-7-
85c
.9%
19
r-
«>V..
?0c
13%
A":
;./ :■% AA
Broulan Porcupihe Mines, Ltd—;
Oil Corp common.
A
6
4%
1.67 Mar
1,700
.
Feb
1.15 Mar
43c
Brown
Ankerite
148
200
Jan
1.68
1
&
Columbia
Cdn.
Jan
500
38%
American
Buffalo
Jan
7,475
4'A
British
Buffalo
Jan
50c
...
Feb
Mar
1%C
_
Ltd. —1
Mines—
5% Mar
6%
1.85
..
79c
500
14
Feb
89c
.1.00
Ltd
Gold
19% Mar
27%
1.50
50c
Jan
1.68
pfd...,———_ii,_50
Mines
7
.
66
165
11%
25
v
2 %c
1%C
.1
.
Sons
"A
Jan
40c
-
30c
Feb
■
_.
A—1*
Feb
Feb
169
1&5
■
1.70:
,
—y—^
118%
10
1.18c
Jan
l%c
1
—t.——100
Jan
11s
5'A
15'A
*.>"
■:,y
Oil-.,
5
8%
V-
1.00
..
Mining
Dominion
360
Jan
21c
300
1,000
Mar
Scotia.:
British
17%
..
80c
400
lc
90c
Toronto—
Metals
Feb
37
32
50C
-1.5;
High
Jan
88
Mar
21'A Mar
■
lc
-
—„_100
17 %
2,345
8%
Feb
6c
Feb
600
Montreal
Feb
.
19%
90c
Ltd
12%
75
52c
Mar
2%c Mar
90c
Power
9%
-
40c
500
2%C
21%
Feb
—.————
Columbia
50
167
-
165
com
—
Ltd..—1
Products Ltd
Feb
Jan
Mining Corp
Mines
Mines
British
1,005
15%
^
.
cumulative preferred——
preferred
Mar
3c
^•
British
19
8%
15'A
Power & Paper Inv corn-
Vickers
Feb
16c
Feb
3c
—
Feb
8'A
31%
—
Ltd_
....
Co
20c
Jan
2c
1,000
—
Jan
17%
8%
•
.100
preferred.
Marconi
5%
19'A
88
8%
Canadian Industries Ltd class B
Canadian Internal Invest Trust
Jan
12c
12c
1,300
Canada
8%
8'A
'
—
Investments
lie
500
1.000
•
~
common.
1.00
18%
8 'A
preferred
Canadian
1,500
15C
2VeC
21%
'•••' .>'
.
—.—•
Jan
17'/a
_
—_
Dominion
Canadian
Canadian
,75%
.
Feb
15C
12c
■
———•——-A—100
Jan
-
20
3%C
Paper
65c
526
Jan
3%c
Ltd
5'A
50
10%
19
■...
*
Ltd
Range Since January 1
50
19%
Jan
13
of
Ba'se
Bobjo
"
*
Ltd
9%
10%
Sugar Co
Canada Northern Power 7% pfd—_loo
*
Canada Vinegars Ltd—
Canadian
19%
7a..'
702
17
115
•
'■
1
;
Jan
72c
__
820
„
118% 118%
s
Ltd..H5
Ltd
Co
17
*
Ltd
Vancouver
Oil
7'A
"f
1.25
15c
Corp
Corp. Ltd
Gold
Bonetal
Low
80c
6%
Jan
92c
Copper
Gold
Aunor
Blue
Sales
for Week
High
75c
6%
100
1.25
'
•
Brazilian Traction
75c
...-
200
Jan
Bell Telephone of Canada—
Shares
■"
Mar
Beatty Bros class A——
from official sales lists
of Prices
4% Mar
;
5% Mar
12c
Bidgood Kirkland Gold
Range
Low
Paper common
American
British
Sale Price
Par
preferred.
Beauharnois
;
Feb
Jan
65c
Oil—
Steel
Ashley
Bank
252% Mar
Week's
Last
.
3%
2%
200
Canadian
Bank
Jan
inclusive, compiled
Friday
Feb '
200
Aquarius
Mar
147
223
Canadian Funds
March
'
2 Va C
'
—1
Anglo-Huronian
Mar
154
Jan
71
&
&
Aluminum
20
138
Feb
Feb
12C
Ajax Oil & Gas———
Mar
138
138
85
10
1.25
40c
'
preferred
Gas
Aluminium
19% Mar
-
Power
Mar
Jan
51
Mar
17%
30
Mar
97
Mar
65C
%''7f%!7y7:7/
Abitibi
Feb
7
25
89C
Mines
Gas
Feb
Jan
Jan
25
93
12c
7't
Jan
9
8% Mar
135
108
Feb
145
;
:•
2V2C
STOCKS—
18 %
134
:
,
;
12c
-
^ ^
37%
7,
Feb
Jan
7%
65c
Ltd.
&
March
Feb
3
/
Jan
.
Toronto Stock
Feb
35
■
Feb
47/e
-
•
a
Ltd
Oil
Jan
Jan
252% 252%
—
100
a7-'
1.25
1A
-
Ltd
'
'
Home
Mar
•
Feb
■46%
Jan
90
25
4%
19%
Ltd
Mines
Dalhousie
16%
3
of).———.-100
(
&
$
.
Feb
14
'
Feb
-1
__
__
Mines Ltd
Oils—
11%
35
105 34
5
395
*
5%
VfV
1.00
.
Ltd
Consolidated
Oil
{
7
Jan
Mines Ltd— 1.00
Mines
Cadillac
Bertram
7
,,*Vn"
Jan
9%
Montreal Curb Market
Power
■7.
—1
Limited
Gold Mines
Gold
Siscoe Gold
32 %
3
Mar
y
'
1
Ltd
Gold
Mines
Crow
Homestead
■'
•"
5%
:iy,
1
.
_
Gold
Mines
Jan
175
•
5
92
*
Ltd
Mines
Gold
Gold
Crest
633
35
K:
100
of)——,—
preferred
92
*
Ltd
.
Lake Gold Mines
Pandora Cadallic
633
2%
2"%
•
of Canada..—
6%
23
89c
435
,
3%
■
■
93
-
•V ■'
Beattie Gold Mines
Abitibi
108
93
Feb
'7.
25c
<
Mar
'
—.
Ltd
Feb
Jan
38
30
6
18%
45% Mar
30
25
•
■
20 V4
t
' V
Mines Ltd.. 1.00
Feb
40
1,025
7%
1.00
'•
A:
13% Feb
16% Mar
99
Mar
22%
-
9
46
108
'
22%
1
Ltd—
Mines
Red Lake
McKenzie
Bear
7'7777-7
25p
4%
51
35
19
•
to
Feb
25C
Jan *
Jan
1.00 Mar
25
•,
Jan
14%
98
'
Mar
28
Jan
120
12%
72
72%
-100
13
Jan
25c
6% Feb
Feb
16%
11
95
1.75
16%
12
49
(Canadian Bank of)
March
5%
755
51
Bank
Hoyal Bank
10
18
1.67
Bagamac
(Bank
5%
—1
Jan
Mar
11
♦
7—
(Bank
1.00
5%
4»A
i
■
t
v:-
Mar
7%
28
65%
*
——
Scotia
1.00
17%
4% :
Malartic Goldfields
O'Brien
BanksCommerce
66
1.07
McWatters
26
505
7%
;7t
—
"B"
1,380
1.07
Jan
%2
'
Feb
'
.
Mines
Madsen Red
19
130
Jan
'•
13%
Wood
9
Vv
Feb
18%
Jan
4%
13
'13%
Sullivan
23%
"
'
11%
Jan
15%
99
9
Mines
Jan
\
'
Jan
*
Mines
Gold
Shore
Jan
1007
Feb
Mar
5% Mar
'
Ltd
Ltd—
Consolidated Gold
Feb
463
14%
10
25
105
r
16%
;1
9
•
Sherritt-Gordon Mines Ltd
39%
'
30c
300
•••
99
25c
—*
Red
Feb
7
'
16%
—
Canadian Malartic Gold
Century
Feb
50
14
Jan
12%
■■
9
__
Dome Mines Ltd—
Jan
:
15c
'
V—'
9
Gold
Bouscadillac
118% 118 %
118%
•
Power—
Winnipeg Electric class A
Class
6
■
~
Worts—777"
Aldermac Copper Corp Ltd
13%
5
—
'
Preferred
im
17%
*
Bidgood Kirk Gold Mines Ltd—
35
—*
—
——
10
17'A
6
'
■
9
Limited- '
pfd.
cum
16%
Cotton——1
5
Limited.. .100
Feb
24
15%
Jan
>
16%
_
common—
23
Jan
'
:
Feb
Mines—
10
33
10%
2
12
of Canada pfd—.100
Ltd
Wilsils
1,100
\
Ay%w
Products
Brewery
'
—
50
100
Bteel Co of Canada common——
Wabasso
Jan
20c
15
9
Perron
Jan
48
9
*
Paper preferred
Simpson class B
Southern Canada
•
pfd.——
Jan
Jan
•
14%
—
*
i_.
common
Williams
'■
__9
common.....
14
Jan
■
10%
§71
*-\:.y 10% j
*
14%
Shawinigan Water & Power
Sherwin
3%
'
1
12%
•
100
Limited..——
Ltd
Walker-Gooderham &
18%
135
7
—*
Ltd common
preferred...—
A
Lawrence
12%
13%
:
•
22% Mar
Jan
15
50
46
Jan
6'A
1,214
15
14
5%
10
——
Walkerville
110
707
45
100
common.—..—
Quebec Power
Class
15
w—
Jan
5%
Jan
•
Jan
:
Jan
Jan
12%
-
Feb
9
f
St.
Jan
3%
19%
11
15
17'A
9
j.
Corp
4%
1,280
*
6%
Co
Thrift Stores Ltd
Jan
12
45
Lawrence
100
22 5A
!
9
corn-
Co.
Jan
24%
24%
St
4
21%
'
•
7%
225
24%
44'
Paper common
Feb
....
Ltd—
Tubes,
Preferred
7. Jan
27%
45
Holland
22%
15
Aviation Ltd
Reliance Grain
6
11%
24
Corp
Power
21% Mar
::io
Power
Island
Page-Hersey
17
27
—
27%
43
Co
110
9
-
Corporation
Noorduyn
98
1,731
25
24
&
21%
5%
pfd—7.
12%
1.730
6%
24%
43
&
21%
pfd—— -100
6%
Distilleries
Montreal
20
325
7
6%
6%
/
• ,-7 45
Ltd
Jan
3%
Ltd common..*
Jan
33
1,125
7V
9
*
L H
Feb
3%
15
A———•
Preferred
40
18
102
*
Bros
24%
Jan
Paper Co—
21% Mar
fe 175
460
Noranda Mines Ltd....
Price
4%
Jan
14
Power..
Paper &
Power
13
700
Ogilvie Flour Mills common—
Penmans
Jan
2%
20c
7
550
,
38
22%
"
25
Murphy Paint Co common..—A—;
*
National Breweries common...—.—*
Ottawa
4
14
Co
10% Mar
1,320
14
17%
—
*
Oil
Car
71
50
95
101% Mar
Feb
12%
9
• 7
common
30y8
101
.7
Light Heat & Power Cons—_—•
Montreal Telegraph
—40
Steel
Jan
Jan
98 %
37%
*
Mont
National
4%
22
Mitchell, Robert Co Ltd
Pickle
——
McColl-Frontenac
9.50
8.90
60
21%
>
„
—100
...——
the
Jan
t
>
Power common
Preferred
5%
165
7
—*
--
Co Ltd
International
Jan
9.50
13
Canada com—•
International
4%
326
10%
—
——25
———
International Nickel of
Jan
5%
y
12%
12%
,10%
•
Ay
£ 1
■
-
5%
7:; 125
29
29%
Industrial Acceptance Corp..—
International
Jan
5%
101% 101%
•
common—5
—Ai—i.—...
Preferred
i
"
:
1
of Can
5
Mar
i
..i—
Imperial Oil Ltd
Imperial Tobacco
5
...—_5
'
•
Jan
101
Jan
3%
Mclntyre-Porcupine Mines Ltd——. 5.00
Hamilton
Preferred
7 Feb
94
97
5
'
Hollinger Gold Mines.:
1 7
'
9
*
Howard
620
5%
Gypsum, Lime & Alabastine.—
Bridge
S
:
Feb
12%
22%
»
Insurance
Preferred
Eldorado
Steel
General
Jan
Jan
7% Mar
76% Jan
1527./ Feb
9%
4%
A—..
Massey-Harris Co Ltd 5 %
Mar
10%
Jan
6%
130
6
3 %
*
McColl-Frontenac
Jan
123
Jan
•22%
9
St John
13% Mar
Jan
Mar
8%
.510
77
153 S 153
—
120
435 J;
'7% '
77
__
*
common—
98% Mar
7%
77
Dr.vden Paper
Foundation
Gatineau
: :
common—j.———.*
Preferred
Jan
Jan
87/a
__
Dominion Tar & Chemical common—*
Dominion
95%
24%
122
122
25
B
200
297
12%
common—.—LJ.—100
Dominion
98%,
26%
'26%
.—*
Mar
3
Mar
3 ^'8
—-i—.—
MacLaren
10% Mar
37%
665
43'
5
5
Jan
27
25
common—s
Maple Leaf Milling Co
Feb
9%
Jan
7%f Feb
Lake
Jan
28% Mar
Jan
7 55
■
9,800
42%
_u
17%
185
.305
8%
9%
133
80
...
9
25
Jan
250
11%
Feb
21j/2
trust
Class B
Feb
Feb
5%
2.00
24%
200
11'A
>
-
5.00
—.
Ltd
3 % Feb
27'A Mar
Feb
''
Jan
35%
31%' Jan
32
Feb
7%
20
Jan
Feb
23
95
27
5%
Ltd
preferred. .100
of Canada
Fire
1.25
23%
International Utilities Corp class A
Jan
96
Feb
Voting
100
23%
7%
Companies, Ltd
Halifax
2
27
Aircraft Ltd
Motor
'
*
Paper Co
15c
9
...
_
2%
Jan
265
'•
Feb
10c
Feb
27%
2
—
Aircraft Limited
Ford
15c
200
9
...
Fleet
Fraser
2% Mar
3%
'
n
'
'
Ltd
Co
common.
Ltd
^
Fanny Farmer Candy Shops—
Jan
5%
Jan
6 'A
.285
:4%
.7 7 '
\
13% Mar
60
—
common_i.A--—ii*
Seagrams
15%
Feb
176
V
43
7
Mar
8%
27
.
Smelting—.—5
Feb
Linol
_
_
Dairies
F'airchild
Jan
28%
134
4%
—„—1——
34
4
8
.
11%
1,442
24
Class B
Plow
,13
350
134
.
Canadian Pacific Railway.—„———25
Cockshutt
Jan
31%:
.y,
Industrial Alcohol class A—*
Consolidated Mining &
Jan
5%
8%
31%
100
—
2
1,211
Eastern
Feb
7:
339
35%
33
26%
165
...
10%
2
Jan
Preferred
Feb
Jan
Woollens
Donnacona
Jan
16 %
...
28%
8%
__
Canadian Converters-Co Ltd——100
4%
15%
149%
Jan
75
.
6%
10%
33
„'
:
95
6%.
10%
•
j_—
435
4%
: 33
25
Celanese common
preferred
13%
6%
;
Foundry common—_•
participating:, preferred
Canadian
137a
25
95
.
•
Canadian Bronze common
Canadian
.
50
_
7%
25
4%
Steamship common—
preferred
Canadian Car &
6%
13'A
*
Corp„—,
Canada
5%
3%.
6%
Feb
Jan
23%
118
..
Jan
83
14%
141
982
13%
————100
North.
25%
Jan
13%
.195
.
3%
.y
common
Preferred
597
.
16
.6%
Building Products A—I————*
Gold Dredging——5.00
Canada
-
15%
Bulolo
Canada
14
350
147%148
25%
*
Mills——.-——;
83
82
Oilcloth
&
365
•
'
Frere,
Dominion
124%. Jan
*
—
Silk
Dominion
Jan
Jan
15%. 15%
i'
14
9%
9c
2 7'A
———■
Dominion
Feb
14
105%
*
Corp A_.
—:—:
Feb
382
83
I47j/z
' 15'A
*
Jan
8%
25
15%
•
11 %
75
83
„L-
100
10
8%
&
High
Feb
100
2%
15C
Ltd, class B——LEngineering Works Ltd.
David
High
•>.
,
101% 101 %
101'A
•
Paper A_.—.
77
120% 123
'
123
pfd————50
*
P——
L &
T
Low
13%
8%
83
—*
common
High
13
__
—100
Co of Canada
Telephone
Brazilian
*
.
Corp——A—
Associated
Bell
common
of
Aluminum Co
Low
———■
...———
——
Aluminium
Par
,
Shoe Stores com
Agnew-Surpass
.Algoma
.'i
Low
9C
'
'
Range Since January 1
••
High
9C
Ltd——
Corp
•'
Low
'
Shares
*
common.
"A"
Sec
of Prices
Par
''
..
Alcohols Ltd
Consolidated
for Week
Range
Sale Price
.;vV:
■
Commercial
Sales
Sale Price
General Advert Ltd.. ...*
Claude Neon
inclusive, compiled from official sales lists
Friday
STOCKS—
.;/.•'
STOCKS-
20
1,163
""
634
124
Jan
8% Jan
31JA
Jan
88%
Feb
Feb
140
Feb
11
Feb
35% Mar
i
THE COMMERCIAL & FINANCIAL-CHRONICLE
1074
1
||
mmm
-
i.
|
mmmmm
' '
—
.
CANADIAN MARKETS
*
class
Wire
A
B
Class
Bakeries
Canadian
100
Preferred
Canadian
Bank
Canadian
Breweries
of
♦
5 7c
8%
common-
20
preferred
—
0
preferred
—
& Fdy. pfd._—— —25
1st
'•■'_■_>
Canadian
Celanese
Canadian
Dredge
Alcohol
Industrial
Can.
AAA
Gold———
Canadian Malartic
Gold
Pal
Central
1
—
—
Co
Plow
Cockshutt
Preferred
70c
Bank
io
9'A
Jan
10%
Feb
9%
-
—.
6
Stores
A:A
Jan
Pickle-Crow
1,274
18%
Jan
155
2
142%
Jan
—
9
9%
21 %
106
$
9
■
7%
300
5%
Jan
8'A
6%
Jan
7%
Jan
1.12
class A
common-
1
-
■••__ ■
:
•
'.■•
,53
.
8
8%
3%c
l%c
Feb
12'Ac
Jan
Simpsons
Feb
Mar
29%c Mar
A'.
•
1
4V4C
4'Ac
2,000
3c
Jan
63Ac
Feb
Standard
Chemical
1
1%C
iy8c
5,000
Feb
l 'Ac
Feb
Standard
75
77
53%
JM
:
:
0
16
••';%/,
«
380
10
3
5c
5c
77
Jan
54%
Feb
2c
Mar
2'Ac
Jan
41
16
,
Mar
Jan
51'A
35
1,000
3'A
3%
3%
:
www
2c
2c
-W.'
62
165
54%
77
:
'
3'A
Jan
4
14%
Feb
16.
Jan
3'Ac
Jan
5c Mar
Mines
12%
100
10%
Feb
12%
6'Ac
7'Ac
4,000
2%c
Jan
7%g Mar
14 %c
15'Ac
3,600
11%C
Jan
17c
5
5'A
593
3c
1,200
12%
1
•
■
15c
1
—
12%
3c
O
__w
—
Mines____L—__
*
5'A
Alabastine—
Halcrow Swayze Mines.—:
Halliwell Gold Mines
1
—
44c
?,
•A-.
1
A.:.,"'
.
4
Highwood-Sarcee
1,000
4,000
13c
100
4
Paper
_
Texas
445
3%c
Feb
14%
9.25
1)830
8.50
Jan
9.65 Mar
3.05
3.30
8.040
2.65
Jan
3.50 Mar
Oil
Homestead
&
'iLw-
4
Dew Ltd..
Honey
100
23% Mar
20c
28%
1,500
17'Ac
2,131
26%
Mar
21c
Jan
30
18 %c
30
__.
5'Ac
Jan-
22
•«,:•'
-
••
Jan
AV !• /
.
Erie
&
Huron
Mtge
_
_
Min &
Inspiration
Metal
International
Class A
Dev_
Jason
-
J.
.:
'.
11'A
110
.
10%
: 13%
96
96
56
38
1,818
18
1,135
w
Feb
19'A
Feb
30c
20c Mar
6C
Jan
10c
Feb
lc
Feb
l 'Ac
Feb
13c
Jan
20c
A.A
3,900
2'Ac
4,664
lc
_
20c
2c
20c
'•
r"
Kerr-Addison
•
Canada__:
of
Gold
lc
3,000
lw
Kirkland Lake Gold Mining
L J*
5.85
40c
goc
61c
1
.
■'
43
12
40c
V
5.85
1
—:
—
11%
5.60
AvVA.
———
Mines
Kirkland-Hudson
Feb
900
1,500
3c
2c
Jan
64c
4.75
9,225
500
-
12
Jan
10
20c
6.20
Jan
Jan
40c
-w
Feb
Feb
Feb
8,855
55c
Jan
70c
Feb
3.100
48c
Jan
71c
Lake
Shore
10 'A
Jan
14% Mar
3.65 Jan
Cadillac
Leitch
Gold
—
13%
270
4.10
4.20
1,800
55
6c
9%
77c
1
9%'
•
77c
i
16
Jan
55
6'Ac
55
1
3
J
Ltd
Mines.
12%
100
Mines_
Gold
Secord Candy--
5fiC
*
4.15
6,000
5c
Jan
9'Ac
"205
9%
Jan
10%
5,800
60'Ac
85c
69c
70c
20'A
1,305
18 s#
18%
19
2.89
2.80
2.85
68c
700
20
54
Ltd
—1
Manitoba
1%
6,700
«
lc
lc
lc
2,000
6
6'A
100
6
6
6'A
546
12%
12%
13%
2%c
3'Ac
6'A
7
3,673
16%
16%
2,550
6%
6'A
25
98
99
292
92'A
51%
51%
950
85c
93c
7,280
2c
2c
4,500
14c 14'Ac
5,000
common —10
*
common
>
__
Mines
Massey-narris
•
common
Preferred
-20
Mclntyre
100
_
Porcupine
MeKenzie
Red
Gold
McWatters
For
_
Mines
Lake
6'A'.:
16%
*
MeColl Frontenac Oil common-
McLeilan
:
_
Mines
99
—5
1
85c
Mines
Gold
4
Mines
footnotes
see
page
__
1075
14c
'
Feb
12c
_
Jan
•
2.10 Mar
2,800
1.45
1.47-
1.760
1.38
Jan
12
&•: 10
10'A
Jan
12
2.40
2.340
1.8b
Jan
2.40
-12.
:■
2.00
'
65c
90c
Feb
78c
Jan
Mar
1.01
30
Mar
30
350
23'A
Jan
52
240
50%
Jan
74
18
68
Jan
75
43
70
Jan
74
Mar
37c
Jan
47c
Mar
fit
•
;
74
5.620
47C
40c.
.
'
v-L
15%
15%
2.0
8.
22'A
20
.9'A
200
34'A
220
32%
Jan
6c
6c
1,000
5%c
Jnn
:7'Aw
4%
4%
1.12
4%
8,900
5.30
23
95c
4.40
'.-i
Feb
37
Feb
Jan
5%.
Jan
Jan
1.28
9'Ac. Jan
20c
Feb
Jan
36c
Mar
25c
1,000
4.50.
4.70
8,060
3.40 Jan
50'A
160
Jan
50'/
20
460
Jan
20
22c 2 2'Ac
4,700
Jan
24c
24c
22'Ac
4
1,370
69
13
13'A
Jan
W;
220
2%
25
2%
—•
3 2'A
Wright-Hargreaves Mines
;
*
3.30
Ymir Yankee Girl Gold Mine—,J ' _A
34 'A
3,25
4.—__——100 .; 32 'A
Preferred
-
-
8'Ac
5%
Mar
99
3%c
Feb
i-eb
3%
Feb
2
Jan
3%
Feb
Va
43'A
Jan.
2.50
Feb
3.40 Mar
Jan
9 'Ac
Jan
5% Mar
\8
Jan
Feb
45
8c
500
5%
Feb
13% Mar
2c Mar
3,783
8'Ac
Feb
Feb
Feb
2*3
53
3.35
Mar
69
Jan
5
1,500
-
Feb
4.70: Mar
4%
Jan
525
•
Jan
yj;w4:.
63
19c
215
Feb
6.00
15c
Jan
1,005
9,200
49
1
Feb
Mar
9c
5.55
'.v - —
4.55
Mar
Mar
9
7'A Jan
475
1.06
Mai-
7%
Jan
2,702
23
Feb
.
15%
Jan
22
•
52
15% Mar
•
7%
33'A
•
98
B
Mar
72:
;
J-
;
Feb
1.05
Jan
12'Ac 13'Ac
.
Feb
51'A.
•
.1.11
5.30
•,
Feb
1.65
1.00 Mar
1.00
Jan
4c
2'Ac Mar
320
1.00
1.00
1.00
2%
Mills common—,-J—_*
Knitting
Uchi
)
;
21
Mar.
■
__
'*
BONDS—
6•' P.."
227
3,500
••.;•••..•>;■• •;;,
40%
;
%
$7,200
41
70c
%
Jan
%c
Jan
4'A
Jan
4%
Jan
10'A
Jan
.
■■■'
'1
1%
v
5%
Jan
14'A
Jan
.;••
A /v •; -1
to
'
:
Feb.
March
26
-
;
Feb
:.;"• J.
„•
,1
Consolidated
Jan
Corrugated Box preferred——•
16% Mar
Dalhousie
Paper
J--——
Aircr.
DeHavil.
Cd,rp—i—
Oil
Co.
of
Can.
pref.__100
;
Feb
Dominion
99'A
Feb
-Foothills Oil & Gas———L__
47
Jan
52
83c
Jan
99c
Feb
Ontario
1%C
Jan
2'Ac
Feb
Temiskaming Mng. Co. Ltd.——
lie
Jan
18c
Mar
Mar
Pend
Oreille
Thayers
Silk
1st
Low
pref—L_
,
.
—
—
•
"
,
—
1.52.
:
-
2,619
%
,
85c
32c
26%
127
1.10
14
1.51
.6c
20
1.15
> 14
2,900
25
3,320
2,000
87
2,200
5
90
1.60
6c
20
-
.
12
Jan
Jan
Jan .,
Feb
\ 2o'A Jan
; 78c
Jan A.12
Feb
'05 Jan
•
.
Jan
3
70
2,526
...,>>.25
3%
-32c
90
Range Since
Low
6
Feb
6'A Jau
12
8,200
3'A
84
r->
—
-
1
.
1.85
8
,
High
1.20
1.10
"
Sales
Shares
8'A
7Vii
A
1
Mines__:
scrip—
Section
25,'A.
.
■*
J_
7%
Jan
Bridge
•
v
—"
Jan
6
•
3%
—_*•
—100
Av-
for Week
of Prices
.7'A
Canadian
Feb,
Mar
'
1.65
Vinegars Ltd.Marconi __4
7
Range
v
8'A
Canada
14
A',-
Breweries-—
.
"W
%
Week's
Last
-
Sale Price
,
Par
6'A Mar
3'Ac
both
;
ww
•:.'.••
Bud
Feb
t.V: .•
•
.<•
inclusive,, compiled from official sales lists
Friday
'
STOCKS—
Canada
6%
19
•
i
Feb
l%c
-•>••••••,•:• :••
.:
r.
.
'Canadian Funds
""',l
March 13
w w-
•:
.
2%c Mar
' W
Toronto Stock Exchange-Curb
1.23 Mar
1
•
Preferred
Preferred
Jan
1%
Gardens Ltd.
Maralgo
1.55
1
Milling
Mar
2c
72c
2'Ac
•
Fields
Leaf
1 46
75 J
3,000
2c
Feb
8,500
Leaf
Jan
98
Feb
32,734
Maple
10c
.2%
Jan
1.62
Maple
1,000
w
Mar
2.14 Mar
.
j; -70c ;
4
63
Jan
1.79
Eastern
&
Jan
Jan
3c
13'A
Jan
21%
2.92
1.14
Gold
Malartic
w
19%
1.06
_
1.00
•
Jan
1.51
Mines—
Feb
Jan
1.56
Gold
-
Mar
2.30
3,300
LU
Lake
Red
Jan
Mar
18% Mar
265
■
1
—1 :
MacLeod-Cocxshutt Gold Mines
Madsen
~
—
Mines,
71
Jan
lc
9
common—,—*
100
Flour
; •
19 "2
"
•
B_
Class
Macassa
Jan
A 15,000
-J
Preferred
Mar
82c
69c
*
r
-
1.51
1.80
—
Ltd common™
*
—w'—
—100
Feb
-
Long Lac Gold Mines Ltd
Loblaw Groceterias class A
J.
66
Feb
10
20'A
«
Little
59%
>
,31,500
Feb
9 - Feb
G6% Feb
%
4.20 Feb
53c
53c
A—.
•
Banking & Loan. Co
Landed
Lapa
Ltd
Mines.
Gold Mines
Lamaque
Laura
AA;
Ltd
Mines
Dufault
..:WS 145 ',
65
71
Wiltsey-Coghlan Mines —.—__,„1
2c
Winnipeg Electric class A—2%
Feb
Feb
Mar
.
1.75
1.80
\yorts common.-"
_—__;—
(Geo)
Class
15
2 '.4 c
c-.
Preferred
Westons
•:
Jan
4%
—;—X
Mines, 'Ltd——
Canada
Western
Jan
.Feb
-
32c
19%
A
—
Preferred
York
Lake
7
HC
,
Wendigo Gold Mines_-«——————1
Feb
Mar
Oils
Walkers-Gooderham
21'Ac Mar
2c Mar
'Ac
10
lOVaC
7'/a
_1
Mar
7c
•
Jan
isAww J-;.v -J Aj J '
3.9%
:: 1.000
Jan
1.10
2c
4Qc
*
Vermilata Oils ——i—_—__——1
Jan
20c
10 ;
;
3%c
Feb
99
Feb
,
70c
-
Jan :
25a
w
2.14:
74:
Ventures, Ltd.
Waite-Amulet
1%C
3'Ac
500.
50
l'/aC
.
•
44c
:
Jan.
8
1.89
*
Ltd
Mar
29c
14,600
,
15
7.1
..
JJ-
—J--—:
38c
Feb
-.96
-I'Ac Mar
12,500
Feb
-
7'A Mar
Jan
1.40
6.4'A
J-
.
86%
.
Feb
19
Jan
3,000
•;:
j 25c
25 c
3'A
Feb
6.75
,
9% Mar
2,550
70c
2'Ac
4'AC. 5'4 c.
1.47
Canjida——,—•' '
Upper Canada Mines
Vulcan
7'Ac
43 c
v
1.00
V
Jan
5.75
;
Jau
1.05 Jan
Jan
•.
Jan
18%
'
11.80;
2'Ac
—„*
Mar
7c
;
'/2c
__i_—_
30c
Jan
67c
.51
2c.
(
85c
135
92. 92'A
_J
1
4%C Mai
:
Jan
:16'A Mar
.
••
141
165
7'A
7,
Jan
6c
2.50 Mar
Mar
18c
27,369
9%.
V
I.4Q:
,
2 >,'nc
;
2,800.
.
6.0S..
•
1.00
United Steel
96
20c
92c
6.00
J—__J* ' "www
;_50
Feb
'
Kelvinator
Feb
87c.
:
1.00
Feb
165
Jan
•
97c.,
2.35-.
Ltd
12
l%c
7'Ac
.55
Invest class A_x
Jan
17
16%
Jan
,
25% Mar
Mar
2C
Feb
4%c
142
Jan
1.86 Jail
30,100
17
v7%c Mar
:
'
.2,000
22c
A15
i
;
United Fuel
Jan
35c
Jan
44c
Jan
152
2,100
9.000 A
i
.
4'Ac.
1.90
,
United" Oils
Jan
33
17%
Feb
12%
Jan
37%
'A.'-
1
Mines..-
Gold
n
Mar
■
Mar
17'A
1
—
10
Mar
170
Jan
26c
170
2,200
■
37%
1
—
27c
90
A A '"iJ-il-wV
i
..
•
2Gc
1
Ltd
Consolidated
M.
A
1
"B"—_—_—_
__
Mines
•'•
*
Mines
Jellicoe
10'A
»
Mines
11%
2,306
12%
10%
common
Mining
Waite
Jack
class
Util,
Intern.
12%
9% Mar
Feb
Jan
157
'
100
Petroleum
Jacola
5
26c
.
Nickel
International
8'A
300
170
12%
A.
preferred
International
9%
170
f/ 10 %
*
common
9%
1
_
_
—
w.
:
100
Imperial Bank of Canada
«
Imperial Oil
—
Imperial Tobacco of Canada ordinary..5
2.25 Mar
,
Jan
21 »A
'45
165
,
4c
.
class A_^"
B
Class
•
Mar
65
Jan
55
10
65
170
'
100
Paid
20%
65
100
_
_
Co of
Onion Gas
Mar
30
3'Ac
ea.
2.48
——50 V>; w>; AA100
:—
"A" ,pfd
Finance
United Corp
'■
v
Feb
134'
83
:
3'Ac
' '•/•. J_
•Transcontinental' • Resources i
*
Tuckett Tobacco Co. Apref._J—i__—100
Feb
Jan
3c
9-,000
23
18%>c
1
*
Bay Mining & Smelting
Hudson
3'Ac
23
_
Mines—
Gold
Howey
:.
3 'Ac
23 :
1
Gas_______-
Jan
7c
•
1,000
...
24
29%
Traders
9.00
4C
15
——5
IJiA
Preferred
Jan
14%
Jan
6'A Feb
Jan A
•
Jan
,
18'Ac
Ai
100
Toronto-Generar Trusts
3.10
7c
1,100
165
4 'Ac
•
:—_1
—
C<|rp._
pref.lL- ^
Feb
9.20
\
Canadian Oil
14%
Mar
4
1.72
31c
1,500
2.37
Toronto Elevators
A
65c
8% Feb
A 85c
Mar
Jan
Jan
50
«
:80,204
40c
,41c
•
*
conimpn
Teck-Hughes Gold Mines
Feb
25c
500
..I,-.
5'A
6
58c
30
.
•
Jan
55c
1,350
i;,
1.92'
,35c
Mines'
Cons
Sullivan
17c
Jan
1.70 Mar
100% Mar
4C.
•
-AJI-lw-
Tip-Top Tailors
14%
,
r,
■
Jan
..._5
_
Oil
■
Jan
*
Dauch
&
Holiinger Consolidated Gold Mines—
••
5%
Jan
1.25 Jan
100% Mar
7c
),
Gcjld—„——(l'/aC
Beach
Feb
14
—.
cpmmonj^^A"—j-j*.
3
——-_25w
:
Feb
18c May
Jan
3,900
w
78c
8
7c
10c
13c
13c
23c
•A;':. 5
8'A
•_<_
j
(Ltd)
2'Ac
2%c
20c 21'Ac
2%C
1
_
3,710
576
40c
—
com;.—*
Svlvanite
58c
Feb
_J
Jew————*
Tamblyn
Jan
1.90
43c
Feb
Mar
Jan
1.65 Mar
-70c
j.
2c
'
Jan
4%
1.05
78c
_J
: 92
5%
40c
Mar
•'c 9%
3'Ac
Feb
Mar
85c
1.65
88c
Jan
4c
260
■
16c
3,200
1.75. ;••:•
2.45:
;:r
Sudbury Basin MinesJ—
—__:
Sud, Contact Mines L$d.__—-1
Mar
11,625
23 h
t,
Mar
3c
16,460
49c
40c
I
■
Feb
19c
88c
1.60
'wi''
;1
Gold Mines,} Ltd——_—1
5
249,900
■5'A :
5
1
—„—
6%c
5%c
6'Ac
*
—
—
Miues___,—
■■
Jan
4%c
100'A 100'A
Sturgeon:Biver- Gold Mines—> ? ti*e
vAw:A.-:
: A-v: %, vv A'0A W ;
•■■••
4c
Jan
*
Lake
Straw
Jan
2cv
138'A 138 V2
Steep Rock Iron Minejs;—_—w.——_—V
Mar
Feb
3'Ac
A'
L65
*
1 <•• ;•
—* •'
:i
i
& Materials
Paving
Preferred
'■
Mar
70c
3,000
—
,
10O
Peti^oleum
Steel- Co of Canada
'■
Fer
95
Jan,
1,000
3'Ac
Preferred
w
1
Jan
'A
88
9c
16c.
L*
>—_J
-Petroleumj
End
Southwest
i
Mar
85c
/
i_,
,r,
____1
LJ
Gold; MinlsL
Lake
3'Ac Feb
lc
Jail
3
4%c Jan-
57c.
Feb
11 %c
3'AC
3J'2c
' ,7c
,
;X ;
common
J—
Jan
2'Ac
-1.9 c
Feb,
2% Mar
.,2,300
3'AC. 3'Ac
5'A
Minesc..|—_J_——_1
Mined
1
2c
;
Feb
103.
64c
57 c
B—_—_v—___*
class
12,500
West Saddlery common_____>
Home
Ltd
Gold
•South
95
94.
1 i w 6.00
Ltd.
22,000
4
Hinde
JSlave
65c
8»/4C
24,600
39,000
1.73
Sladen-Malartlc
Feb
2c
Jan
200
63c
i
Feb
Jan
8'Ac Jan
2,800.
w
Feb
4
73C
38c
50a
•
Jan
1.30
Jan
3% Mar
3
Feb
28c
62'AC Mar
5c :' 6'Ac
v
.
1.00
100
4,600
15c
2% :
-
<
Gold;Mines—J—„wil
Dairies
Preferred
Siscoe
UA
50c
9%C
9c
Ltd—L—:—
25c
—-
preferred
_
l%e
Feb
3%c Feb
Jan
500
Silverwood
9
Feb
3c
6,500
:
Feb
85
Jan
77
23
83'A
3%
13c :
-
300
1.10
Feb
.
Sigtna Mines (QuebecH
Mar
8'A
6 % Mar
1.10
62'Ac 63'Ac
50c
Mining—_1 V-AH
Gold
River
2%c
50
Gold Mines
32c
'>
:
——1;
1
Gold Mines LtdL_
20c
_____
Wire
22%
Jan
Milies____uci-—
Gold
2%C
1
Co._——
Wihksne Gold
Jan
Jan
24c
I '
1.85
—AtA_,
Gold';jMines_i_c__
Sherritt-Gordon
4'Ac Mar
19%
900
-_1
22c
Shawinigan Water &:;;Power__i_—,*■ j'Vj.'iSheep Creek Gold Mines—
—_50c
1.0Q
Feb
20c
702
-
Jan
2'Ac
6,500
26
1%C
1%C
23'4C
—2_
Mines
Mining——
Mines
Anthony
Sand
Feb
3.75
23
21'A Mar
3,200
3 %c
'
(
1
—
——
Ltd
Bridge
Jan
1.20
Jan
3.10
405
•••■A
8%
Gold Mines——
Great Lakes Paper common vtc
Hasaga
Mar
8'A
8 'A
81%
-1
Graham Bousquet
Harker
81C
200
—
Mines—
Gold
20
San Antonio
26c
26c
__
Porcupine Mines—
Rock
St
Mar
216
22'A
21%
22
26c
'
Hard
Mar
4c
3C
■
1
«
Hamilton
5
25
22
21%
21%
100
&
Jan
1.30
Jan
'
—
—
Lime
'A
Feb
Jan
—
Preferred
Gypsum
Feb
3%
3.60
3.50
Wares——
Gold
15c
10,275
81c 89'Ac
'A 3.60
Goodyear Tire & Rubber common-
Gunnar
Jan
1.09
>>
25
25
•
__
85c
_
Gate
Great
4'Ac
Long Lac
240
4'A
Feb
25c
_J
Royal Bank of Canada—
—I—100
Royalite Oil
Russell
Industries--preferred-J__
100
13,650
1.14
4%
1.14
•
Grull
Roche
Senator Rouyn,
Gold Mines_
Greening
Reno. Gold MinesLi—-
Feb
Mar
lQ'Ac
■>
Vtc
Feb
10c
20,200
Feb
1.04
25c.
__
1.62,
;
,
8%c
v
8
*
—jl
Jan
Jan
yy,. y.'
1 1
—•
3%C
i.' 2,500
75c
16c
,
1.15
453a
1.05
790
w
Jail
Jan
40 V; Jan
.400
.
:
••
12%
6
w
•
Feb
.
50c
Feb
35c
6,700.
50c
V
■'•.
Jan
Jan
f,
tyihes—t—-—.:
Jan
12c
.
_1
Queenston
Ayyy.y
1.12
43%
_1
Dome
4c
10c
*
Mining
Preston. East
8%
6,500
■•■•;■
-/■ 4,000
i 1.70
L—100
Miningi—J_
Gold
2%
7'Ac
38c
90c
•; L'
w
i
—I
Corp of Canada—_
200
5'A
11'A
6c
Mar
_
Power. Coi______J_
175
5
11
1
•
God's Lake Mines
'
•
Feb
#•'•-•200
••;
25
Farmer Candy Shops
Federal Kirkland Mining————_
preferred
Jan
10%
142
Ltd.„ AL %*,>>>
1 1
l 3.Vic
Pressed Metals
Jan
108
•A-
7%
11
„1
Fanny
Co
Feb
8% Mar
6'Ac
•
<
MibPS-i-A—
Gold Mines of B C—
Premier
■
•
Power
105'A
5
1,029
Power
Feb
7%
:
of Canada
23 V2
6%
1
Mines
9%
Jan
*
'
"
20
—
Feb
580
22
106
9
8%
20%
Jan
15c.
Gold-____1.cj.
Powell Rouyn Gold Mi'nes
106
Co————
Mar
140
,
125
9'Ac
-1.
Gold
Rico
Porta
Feb
Feb
15
85c.
63c
wi'
.
Minefc Ltd—u———1
.Mines_i_——
;___!
Gold
Pioneer
21% Mar
155'A
■-
■•'
21%
Falconbridge Nickel Mines———
Goodfish
29
21%
#
Eagle
Jan
20%
21
•
Malartic Mines
Golden
Jan
25%
100
100
Washing Machine——_
Economic Investment Trust—
Gold
10c
Perron
7,200
48
142
,'15.:
6c
V
>
Paymaster Cons
Feb
19c
Easy
Gold
Feb
23c
27'A
>»
Mining
Crest Oil—
Glenora
24%
-25
—-
Lake
Feb
———
Duquesiie
Gillies
Jan
21
155
*
__
Preferred
Steel
123
125
27%
———
Jan
Partanen Malartic
152
16'Ac
Jan
4.'Ac.
-
—
Goljtl Mines
Pandora, Cadillac
128
Jan
85c,
Ay'
24
27 'A Ma r
Jan.
12
38
50
J
.;
.
.•. •
A.
126
Mar
8% Mar.
Jan
25 %
A 3%.
MJnes—4---.-—i.
Corp_i—
__c
Feb-
43%
J
:
Ltd__—
Nickel
24
*
& Steel com.—
—
Jan
Feb
50
Mar
85
43
Ay'U'J
Paca lta Oils' Ltd—
::A 6 'Ac
Page-Hersey Tubes Ltd
___•
*
95.
Pamour Porcupine Mines Ltd_;_——-Ci;1
1.20 Mar
Jan
37%.
Jun
183
150
43 'A
•
123
124
100
class B—
Gold
85c
900
11,817
1
Miaes_Ji.i_i__c_L______l
Oils
27
46% Mar
Jan
Feb
46
27
14'A-
Orange Crush PreL——-A—___—
Feb
1.04
„1
Gold
Jnn
4'A
Feb
14'/2
27.
27
common___A.——
Oil
-
4
Feb
Mar
37%c
142
—y,
_J
.
Gold
Ontario
Feb
6'A
43'A
Chemical com
•_
Woollens & Worsteds Ltd com __♦•.•
59c
6'A
Mar
1.02
Dominion Tar &
General
Feb
6
42 %
Ltd———
Preferred
Gatineau
5'A
388
43
————
——
Dominion Steel
Francoeur
113
6
1.02
5
18c
Dominion Foundries
Ford Co
6
6
*
Eldorado
>
6
1.11
Star
Okalta
675
25
J
Jan
24
Mar
70
37c
—_J—:
Preferred
Mar
98c
500
1,090
50
8'A
Mines
Oil
Or'Brien
•Omega
Jan
Jan
182
i.
—
Mines—.
Feb
89c
65c
75c
30
Mar
,.
4 4' 'A
Canada
Feb
18c
Jan
6,098
9,600
<11
East
10'Ac
72c
90c
—
Fabrics
Eastern
2,000
70c
86c
./■
Oo
Dominion
Dom
7%c
12 %C 13 %C
Mines—
Dominion
3,000
870
183
50.
■>••,•
Cor.p
North
Jan
9c
240
46%
* v. 14%
class "A"
Mining
1,24 Mar
70c
.
(Toronto)——
Dominion
.
25
46
8
Northern
Feb
Mar
75c
•
Jan
Jan
8c
♦
Distillers Corp— Seagrams commonDome
Jan
1.00
19%
28c
,'■••
Normetal
9% Mar
Feb
86c
A
Smelting
Petroleum
Davles
15
10,500
Ca.-_A-_:._————100
Mines
Nordon
Feb
56c
Mar
54c
1,500
Imperial Mills
Cosmos
Nipissing
7%
4,400
:/
_
Consumers Gas
Negus
Feb
18'A
9,562
1.16
WW
Jan
15
Mar
36c
1,275
1.07
Mines—
Coniaurum
40c
33c
«
31'Ac
Mines *_£
5
Jan
10
Noranda
18'A
—————
—
Consolidated
124
65.
183
♦
Pipe Co. Ltd.
Trust
Jan
3%
210
National
70
105
.
;A:-20
Sewer
National Steel Car
Feb
14
—
Preferred
Natl.
Mar
18
4%
8C
Terminal common-
Collingswood
33
Jan
1.14
Mines—1
Mines—
Gold
Willans
Jan
15
204
.7
1
'
Research
Chesterville Larder Lake Gold
Cochenour
27%
65c
Porcupine Mines
Chemical
Feb
9%
■•V
Mines—
Central
Feb
29
18'A
Mines—
Trethewey
Castle
Boxes——
Wirebound
Canadian
12
Jan
18'A
a
Natl Grocers common,-
Jan
8%
9%
Ry
Pacific
Canadian
Muirheads Cafeterias common
Jan
1.80
4,700
24%
100
Feb
6
Jan
1.60
65
High
Feb
1.22
330
—'46%'
Feb
Low
4
6
1.50
Power-
&
Feb
10'A
16'A
Heat
commonJ—_
9
215
32
Light
Corp
Class A
33
19
36c
w
Moore
21
Jan
27%
4%
*
Montreal
Feb
50
110
13%
14
—
Mar
21/o
.
Range Since January 1
Shares
High
5%
—,
..
15%
,
140
-
Feb
270
%
-
15'A
80
Low
—.
Jan
6%
250
'
.<
Jan
28
60
■
:
11%
28
1.35
Feb
3%
Jan
31%
'•■■■
*
Locomotive
Canadian
129
20%
11
—_
J.——
class "A"
_;
44
350
32
28%
*
common
Jan
Jan
8%
.-
Car
2 >A
76
...
20'A
20'A
•
Convertible
Canadian
Jan
66
32
■
<«
Canners
24
40
8%
•
Preferred
Canadian
Feb
135
1.80
1.80
18
—_
for Week
of Prices
Par
*
Mining Corp of Canada——'1.55
Monarch Knitting Co Ltd pref—___100
70
Moneta Porcupine Milies—
—1 ' 31 Mac
Mercury Mills
Mar
1.85
134
*
common
65
goo
75
76
100
Commerce-
J an
3 %
3'A
w._
common
59
90
.'■
22
20
__
20
65
65
65
"
'.
Sales
Range
Last
'
Sale Price
•
•
High
Low
High
Loio
;*
'■
:
•
Par
Canada
STOCKS—
Range Since January 1
Shares
of Prices
"
'
.
|
•••
•;
for Week
Range
Last
'
Week's
Friday
Sales
Week's
Friday
Sale Price
'
,
-
STOCKS-
Monday, March 22, 194S
.
1
'
Listed and Unlisted
-
-
1 11 "
'
■
■ ■ '■
29c
90
5V4C.Jan
20
Mar.
January 1
High
8 'A Mar
Feb
8
1,85 Mau'
3% Mar
87
A- Mar
43c
Feb
90
Feb
26%
Jan
1.30 Feb
Mar
14
1,70
Feb
8c
Feb
:
Volume: 157
Number 4161
THE COMMERCIAL & FINANCIAL CHRONICLE
10751
OVER-THE-COUNTER MARKETS
Quotations
for
Friday, March
If)
Investing Companies
Insurance
Par
V
/;■% '
Par
•
Aeronautical Securities——
Bid
....
7.28
1%.
AAmerex
Holding Corp—!—10
3.00
2.88
Series
.
B-l
12.23
Investing_10c>X
Foreign
Stand Oil
Shares——2
13.38
Axe-Houghton Fund Inc.——1
6
5Va
,
V-V!
Aetna
Agricultural
16.32
9.32
Basic
Industry Shares———10
Fund
5
.
American
15.70
,
■
Fund
.X;
Canadian
Fund
Inv
25.29
13.35
14.63
2.95
1
Fund—
Christiana
Securities
Preferred
com—_100
1
Accumulative
Series
Series ACC
ACrum
mod
preferred
7%
53 %
Fund—X—....
Fund—
_*
Sayles Sec .Fund
5,77
Bankers &
10
City
8.37
3.65
4.15
,—100
560
21
of New
York——
Investors
Invest
Trust—
1
Fund
Fund
18.95
1
•
•
Inc^—„10
Federal
20.38
9.08
79.76
9.64
Fire
Securities—
series B
shares
3.35
1.15
5.88
6.36
voting shares
Franklin
17%
series—.
6.40
Income series-———————XV'X i 4.09
of
36
Low priced bond series,!
5.52
6.96
New England Fund,
of
Fire
43%
Pacific
Indemnity Co
64%
66%
Phoenix
77%
1.24
Newark
5
Fund
Stock
18.25
—1
—_—1
-
10.90
15.96
17.10
1.63
1.79
5.09
5.68
Industrial
Mutual
Fixed
Fund,
Trust
Inc.
Fund—...5
Trust Shares A
Foundation Trust
?
Reinsurance
:•
't
Invest
.
:,';|lV!v{
North
■V
Amer
Trust
•Fundamental Trust Shares A—a
4.34
•
—_i—_l
<Geo)
Fund
shares,———,
6.94
Building shares—
L—5.99
7.63
shares———
Chemical
General
6.37
;
8.48
7.00
,5.96
4.76
5.24
5.19
5.71
5.61
6.17
2.91
3.21
RR Equipment shares.—.....
3.64
4.02
Steel shares—
4.20
4.63
3.58
3.95
;
3.17
83.01
Utility
shares
—
shares.—...
shares——'
—....
;yvV,:.v
" 8.41
Income
Foundation
1
i
Fund
Common
•
.20
.'7X
A
u;': Sy'
'x:
m
XX
•
1
\i
Trusteed -Amer Bank Shs-4
Class B
.
•
i.lOc
:
XXl.33
Incorporated Investors.
____5
Independence Trust Shares....*
17.25
Brooklyn
32%,
49%
51'%
x80%
84%
—2.50
Fire—
31%
33%
Ask
19%
33%
Par
First National of N Y
tH O O
1
Bid
Ask
X1345
1375
National City,,————. ..12%
31%
33%
Public National
35%
186
194
,
B
'
30%
32%
-17%
338
47%
Companies
VX 'X'X
Ask
328
,100
VX : SXV'
Chemical Bank & Trust
—10
74
••
16%
26
20
common
58%
29
40%
(J
P)
&
Co
,100
42%
52%
54 %
192
202
44'%
55%
Morgan
14
1230
Preferred
48%
■
15 Vs
43 %
Ask
13
County
Lawyers
78
10
Bid
_
Kings
96%
46%
Par
Irving
49%
93 Vs
20
Continental Bank & Trust
6,46
Fulton
14.16
—
„100
150
277
New
'
York
84%
-
Title Guarantee 6c Trust-
282;
3%
165
100
_
Guaranty
l
United
States
1079
87%
4%.
1115
75.90
2.08
Quotations For U. S. Treasury Notes
Figures after decimal point represent
5.13
5.58
Maturity-
•■•;!XX77-'777:;;7'
Ufar 15,
A—
22.09
18.93
6 48
7.09
————,
aL——
•
%%
Ask
100
'
.
one
more
or
32ds
Maturity—
tDec. 15, 1945,
of
a
100.6
100.7
tMar 15,
Sep
15,
1943—
1
100.9
100.10
tDec
1946—
15,
1943
1%%
99.26
100.12
100.14
100.16
100.19
100.20
of
Indebtedness-
100.13
100.15
t0.65s May 1,
1943—,—
%
100.28
100.31
t%S
%%
99.28
99.30
%%
100.19
100.21
1%%
100.12
100.14
—
1
1945
99.22
100.17
%
%%
—_
Sep 15. 1944—
tSept, 15, 1944
15,
—
—
1944
1944—
JMar
1
99.24
1
—,
Mar 15,
Jun
15,
15,
Ask
99.20
%
1%%
1946
%
Bid
%%
1%?,
Dec
point
Int. Rate
r
1943—
Mar 15,
13%
—
1—
1943
Rid
15,
24.15
17.31
i
Int. Rate
XJun
39c
.79
U S EI Lt & Pwr Shares
2.28
Group shares—T— •. 12.65
Bahk Group
slxares.%; >79c
Bid
Exchange Bank & Trust_20
Empire ——
50
.70
18.55
2.01
31%
4
10
Guarantee
Westchester
18%
100
Corn
Shares-i—25c
Series -,C,—.—
1.45
Fidelity & Guaranty Co„2
U S Fire—
U S
37%v 40
>
10
,;-X 2.00
I—25c
Trusteed Industry
'
Inc
Bank of New York
'
ASeries A_—
—7——1
■ASeries
B_J. X
.32
63%
448
Shs—
'
Holding Corp
74%
New York Trust
9.17
70.64
X United Bond Fund series
Series B,_—
AHuron
U S
16®e
72%
Trustee Stand Oil Shares—
j
438
29%
15%
Par
84.69
3.50
Tobacco
-
28%
—100
—
X2.17
ASeries G-—u.——
i——1
A Series;
D-_—7—_„i
:
Railroad
•
—
—
'
.,—10
Bankers
l
Trustee Stand Invest
;
,
Mining shares—
Petroleum shares-.
5
Fire—
—10
5.60
Corp}——*
State St Investment
:
Merchandise shares
61%
Manufacturers
4.68
6.36
Investing
124%
Central Hanover
; Super Corp of Amer AA—
4.25
shares...
128%
25
Standard Accident-,——10
48 %
New York Bank Stocks
f
^ ••v;,.5.4l.
bond
39%
96%
Jersey Insurance of N Y——2Q
•3.77.
—
5.79
46%
37%
26%
p .47
13.32
5.00
;
7.71
•
2.74
44%
10
45%
.13.55
3.37
Selected Income Shares—!—X£l
777377ft;:
Sovereign Investors
1
5.83
Spencer Trask Fund
—2—•
13.31
6.59
2.64
—,10
93'%
Bid
■
5.23
62Va
& Marine
24%
X
10
Insur Co of North America—,10
|
6.15
4.75
Electrical Equipment—.
Food shares
12.45
Selected Amer Shares—2%
5.59
shares
Aviation
:J.:
& Clark
Fund, Inc
••
shares————
'
Automobile
Paul Fire
Seaboard Surety
10
Fire—:
."
.42
1
Shares—,!j'—10o
Scudder, Stevens
Agricultural
24%
1.97
Republic Invest Fund—1
;
X
6%
25%
22%
2.35
Putnam
4.93
5%
24%
2.40
1
Plymouth Fund Incl—I—lOc
31.09
2
10
.,10
1.92
1
Quarterly; Inc
Group Securities—
\
7L
3.90
4.57'
9%
29%
•
(NY)
Fire
6.44
Series 1958—i——l——:
5.06
28.91
28
Corp
(Texas)
(Paul)
shares,:
Series 1955—j
t
36%
38
Series 1953—
7
20.60
General Capital Corp...
•
General Investors Trust—-J"'
St
5
6.71
...v*
Series 1956
18 80
•
Republic
Revere
44
8%
-100
; 3.95
3.40
.2
B
42
——5
4.60
North Amer Bond Trust ctfs_
^I
Inc—
8
7.36
5 85-'
,
34%
10.25
6.09
—
15%
10
Providence-Washington
7.76
9.32
'
..
Steel.—
;) '?
"f
29%.
8.70
10
Shares A—— 1
•'
Fundamental
28.61
28 %
,T:.
Railroad equipment
Fidelity Fund Inc.—
Financial
18%
10
8.57
6.69
—
Railroad
11.71
26.61
First
47%
17
14%
10.75
4.17
—
Oils
19.64
Equitable Invest Corp (Mass) .6
Equity Corp $3 conv pfd—!
1
•
45%
87%
—5
30%
5
Marine
44%
84%
9.12
9.78
7.79
!
Machinery
.
■.
—
12%
28%
104%
42%
10
6.62
7.05
.
stock————^
Metals
Fund—.
11%
5
100%
,10
9.18
6.01
8.29
Electrical equipment
/
•;Insurance
,25
—
Travelers
11.84
8.35
—
4%
101
5.80
10.77
i.„_
—.
stock
4%
97
80%
———
Hartford
9.16
5.26
Building supply———
XX 3 30
5.70
5
12.50
—
Security New Haven,,
Springfield Fire & Marine
Hanover
12,21
8.33
———
Chemical
1.13
15%
26%
x41%
American
Homestead
——
Aviation
5.05
13%
23%
Northern
,
Howard—
&
Balanced
11.33
32%
45
Hartford Steamboiler Inspect.,10
Inc—
Agriculture———
v
Eaton
l
——
26
:
5
10
Fire,
&
43
River———.,—2,50
,—10
—
& Republic—
Great
4.50
'
19.24
1
,
Shares
Globe
6.09
6.30
—
Automobile
-2.50
——
Fire
30%
<
38
5
Phlla
Gibraltar Fire
7.65
——
Preferred stock series
—25c
;
D
York
Northeastern
18%
34%
General Reinsurance Corp
Bond
Bank
C
New
1.27
Diversified Trustee Shares—
8 %.
176%
24%
10
10
North
22%
32%
Casualty
,,,,
Assn
Firemen's
*
4 37
Dividend
Casualty—2
New Hampshire Fire
Preferred Accident—
X
17.80
Amsterdam
New Brunswick
580
X
:
10
Fireman's Fd of S Fran new—10
10.54
25c
(Md)
112
1
v
83
10
Connecticut General Life
Continental
Home
Delaware
8%
80
National Security Series—
29%
*
55%
7%
—25
Fire——5
Camden
7.61
X
2%
Shippers—
Boston
35.60
-
New
:
Baltimore American
6.36
:
85.90
National Investors Corp———1
28
Cumulative Trust Shares
-
7%
171 %
25
New York Stocks
Fund
2
20
Surety
'j;
28
preferred————100
National Liberty—
National Union Fire
American
3.82
118
shares———10
B
7%
58%
4.25
4.46
35%
Forster Insurance—
&
A Common
A
—-u.——100
6%
56%
S-4—-
(Colo)
27
N Y
15%
—lOo
2.47
----l
& Forster common—10
A 8%
Crum
series——;
Fire
10
56:!i
Nation-Wide
.
2.17
—I X', 2.06
1
2.06
1.;
2.47
mod—
AA
Mfrs
&
_4
14%
Mass Investors 2d
Corporate Trust Shares—,—-1
Series AA
Merch
5
National Fire—
Pacific
23.50
33%
50
15%
54%
Glens Falls Fire_,
v,
24
10
10.25
4.10
,
71%
46%
20%
10
139
Consol Investment Trust——I
68%
.,,—5
19%
Reserve—,-.
i.y
Commonwealth Invest
9%
4%
14%
1
Re-rlnsurance—
V Mass
v
,22 50
——100
—
22.%
5
i—2%
American
Common
28.15
9 47
1
75%
American
Mutual
Chemical
10
<
9.86
Maryland Fund Inc—_—„10c
'3.55
26.18
Ltd—
Alliance—,—
72%
13.54
Loomis
23.39
Ask
8%
Maryland
25.26
16.05
1
Century Shares Trust——
25
;
.12.33
„
Knickerbocker
3.38
Inq—,5
Ltd—
Bid
Casualty,
l
Massachusetts Bonding—,12%
32%
S-3——8.94
Manhattan Bond Fund Inc—
Bullock
31
Series
•
Broad Street Invest Co
——10
American Equitable—,
American of Newark—,
16.35
Series' S-2
'
14.93.
,——5
Inc
;
Life—
414.
3%
4!4
Par
.—,,5
Knickerbocker—
17.93
8.47
'
Loomls Sayles Mut
Boston
133
55%
Series
1
'
31.85
27.34
,
.
Series, S%_„_■—l—,22.95
i
5
A Common
■
,/■ A6% ' preferred—-J
128
53%
—10
29.07
:
K-l—v X, 14.32
Series K-2—«—14.82
,
Bankers Nat Investing—
Casual & Surety
B-3
Series
;v'
%-
12.60
11.72
Aetna
Aetna
Scries "
.,u
American
Assoc
10 '
Companies
Ask
Merchant Fire Assur
Ask
B-2,—,,,—,24.94
'Series
'3.16
.
Bid
Keystone Custodian Funds—
Vs
19
J, 18%
.
_1
Par
-
Series
American Business Shares
Bid
•
7.91
2.74
1
Affiliated Fund Inc,
Ask
1945
1.48
Certificates
Aug
1,
b0.30
t%s Nov 1, 1943——
t%s Dec 1, 1943——
t%s Feb 1, 1944——i—
0,10%
b0.59
1943
0.56%
b0.70
0.68';.
b0.73
0.71 %
b0.76
0.74%,
13.87
Institutional
Securities
Wellington Fund—l
Insurance Group shares—"
>?
1,06
:
87c
1.17
|
.
1
t
.
A
Investment
Co
of
14.91
16,41
IVb
1%
Ltd—
Aviation
America—.10
20.52
10.75
11.01
Investors Fund C
Quotations For Recent Bond Issues
17 7:
Corporations
Co—
——l
22.30
l
Investment Banking
Blair &
AFlrst
Boston
I
Corp,!
-jr
15'
16%
Penn
Electric
Obligations Of Governmental
■
Agencies
—-May
XV/8%
-Feb
—
Ask
1, 1943
100.1
100.3
2s
15, 1945
100.3
100.5
l%s Jan.
3,
Home
2s
Loan
Banks—
.——-Apr
a,4S
———-Oct.
t. 1943
1, 1943
w
i
11 Va%
100
b0.75
1946-1944
4s
1964-1944—
3 Vis
U
3s
Jan.
3s
May 1, 1956-1946,
1,
1956-1946—
!
,7
104 ,7
105,7
8
Finance
lf^O1/?
Ask
1%%
notes
—Feb
100.21
100.24
Other
Issues
<■
100 5
100.7
March
24,
March
100.1
100.5
100.21
,
104%
Wisconsin
1971
3%s
.
<7
7.
14,
'
105%
U S Conversion 3s__
i_1946
106%
are
twr
discount
at
U S Conversion 3s
JL1947
108%
109
107
Panama Canal 3s_
—1961
128%
130
»'
•
X'
*
Bid
Ask
103
3%s,
104
105%
106%
104 %
104%
bonds
0.28%
Bid
Ask
b0.37
0.33%
May 12,
1943
—
b0.37
0.34%
b0.37
0.30%
May
b0.37
0.35%
1943
19,
1943————
b0.37
1943
0.30%
May 26,
1943————
0.32%
June
June
9,
28,
1943
b0.37
0.32%
June
16,
value.
Odd
lot
sales,
b Yield
sale—not included in range for year.
are
subject to all Federal taxes.
A
price,
1943.
—-
—
1943——
d Deferred
x-Ex-dividend.
y
b0.37
.
delivery,
Ex-rights,
0.35%.
b0.37
r
0.35%
b0.375
2, 1943
0.32%
par
—
b0.37
1943—.
b0.37
April
sCash
b0.37
1943
purchase
Ask
1943
107
106%
'vV
Pwr & Lgt
21,
•No
105,7
107'A
:v.\ i;
1972_
May 5,
1943—,
31,
April
April
100.24
106,7
fa
Southern Natural Gas Pipe
3%s. 1956
Line
107%
Treasury bills—
April
1,1944
f
100%
104
Bid
C<jrp—
—July 1$; 1943
i..—Apr 15; 1944
100%
:'
Public Service of Indiana
100.10
Housing Authority—
104,7
104'.'4
106%
1955-1945——:——
3s
7
104
—_
1955-1945,
—
tlf»
0.60'
Federal Land Bank Bond's-^4s
3, 1943 at
95 %
Rates quoted
100.6
!
1944—
Reconstruction
Bid
t
May 16, 1943
Call July
Federal
n
■
Federal Natl Mtge Assn—
105 %
94 %
United States Treasury Bills
V
.
Bid
1972
1963———-
■
V;
'V'•' " "-X
Commodity Credit Corp—
v
3%s.
3s
Ask
104%
107
Cent 111 Pub Serv 3%s, 1971
»
Empire Gas & Fuel 3%s, 1962,,
Macy (R H) 2%s 1952—.
Philip Morris
7
'f
Bid
10
0.35%
b0.375 0.35%
Canadian
tin default.
Quotations not furnished by sponsor or issuer.
market.
tThese
Monday, Mairch 22, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1076
Week
THE COURSE OF BANK
j!
Virginia—Huntington—______
Virginia—Norfolk
South
Carolina—Charleston—
Week Ending Mar.
District of
Total
York
New
Boston
—
_—
Kansas City
Louis-
!z: r
fit
522,000,000
:
171,765,223
142,688,402
—_——»
_J—
-
173.100,000
226,204,000
Pittsburgh—
V.
—
—
—
143,400,000
236,952,237
Francisco————+
Ban
258,855,473
341,559,419
—
:
+
$3,537,306,004
356,603,571
582.000,000
--V
—_——
+ 15.8
46,120,495
37,946,850
2,169,321
39,704,800
241,103,246
(6 cities)
224,890,498
218,249,379
91,612,859
77,578,565
4.6
32,468,063
27,131,822
176,194,959
147,237,287
7.2"
+
1,372,413
6,950,821
6,846,049
10.6
Macon
+
31.9
19,873,976
+ 23.9
84,900,000
3,206,753
—20.2
2,217,041
1,916,533
4-15.7
25,006,000
+ 63.9
41,013,610
39,503,054
+
4,833,964
'4,059,006
+ 19.1
2,571,668
152,396
+ 27.0
165,047
80,614,577
60,040,474
4-34.3
329,392,853
Alabama—Birmlngham____—_^i._;^
Mobile
'
265,167,686
"
•
1
_■
+
9.9
Mississippi—Vicksburg_.
+
8.6
•
Louisiana—New Orleans.—M
+
67,700,000
25,897,000
2,558,778
_i._Z
20,^74,556
.
1,654,167
1,617,828
40,990,745
—
Florida—Jacksonville
+ 20.4
!
+il0.9
94,200,000
Augusta__
11.5
,+ 20.7
4,539,296
5,480,413
1.5
—
30,132,649
116,700,000
'
+
3.8
1,446,425
1,034,717
19,726,000
'
30,267,852 ;'V
24.385,661
2,055,590
12.7
169,477,993
109,325,327
+ 27.8
6.747,055,308
5,663,703,149
+19.1
1,343.108,390
1,306,206,185
+
—
1.786,954
6.4
+
—
33,424,503
+
-
562,637
+ 14.3
1,897,633
126,237,464
37,873,598
•
Columbia—Washington-
Georgia—Atlanta
21.3
Cleveland—191.019,627
Baltimore
I
•
139,698,374
-
2,645,000
51,533,991
Nashville
*«;.
$4,290,385,608
394,370,820
——-
—.*
———
Chicago.
Philadelphia
3,490,000
Tennessee—Knoxvlllfi-
■.:
«•
1943_
"
+ 28.6 M
+ 27.6
*.
Sixth Federal Reserve District—Atlanta-
^
20
~
716,588
"•786,610'
4,730,000
1,011,605
134,316,197
Maryland—Baltimore
corresponding week last year. Our preliminary total
against $8,213,772,317 for the same week in 1942.
At this
week ended Friday of 21.3%. Our comparative sum¬
for the week follows:
:•
'/,>
V
Clearings—Returns by Telegraph
■
$
59,696,525
Richmond
15.8% above those for the
,
1940
6,036,000
- - - -- --
center there is a gain for the
.
1941
"
West
stands at $9,503,196,437
mary
13.
Inc. or
Dec. %.
Filth Federal Reserve District—Richmond
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, Mar. 20, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be
Match
Ended
1942
$
Prelim¬
compared with a year ago.
Bank clearings this week show an increase
1943
CLEARINGS
Total
(10 clties)
K
\
193,586
________
182,471
,
49,684,643-:;:
.50,970,202
+24.2"222,112,594 ;
192,314,918
""
Ten
cities, five days-——
Other cities, five days——
$8,090,163,698' $6,969,909,334*
1,418,032,739
1,243,862,983
v.
Total all cities; five days—
:
—
'
All cities, one day——-
'l/, :■
.
Seventh Federal Reserve
2.8
Michigan—Ann Arbor
Grand Rapids
+16.1
+14.0
.
,
.
.
'
;■>'
.i—■
_■___
'
1
'
;
——
Total all cities for
i
:'y
"Estimated.
'.•!
$8,213,772,317
week——$9,508,196,437
; ■ /■„•>,
Terre
(V
+ -il,500,354
+•*5.4-
2 ,240,386+M
4
7,526,0371
+ 10.3
8,301,605
1,505,015
+
2 ,688,235
■
21,814,000
2,205,154
-•
6 ,541,689'
4
+ 10.7—
30,360,384
2,096,186
• •
1,650,819
»4
24,,902,000-
+ 26.7—
33,618,655
6,537,976
25 ,341,603
39.3"
21,914,766
"1,,289,966 '' •
1,238,917
'
-
14,026,499
■.
7,620,556
i
8,497,491
»
-
2 045,366'
•
•2,277,948
_____
+ 22.9
4-
"
3,475,008
361.534
+'• 4 ,324,565 "
;
316,486,002
'
1,095,437
'••••'!
4,116,558
—1.I832;738"4'^
7.4-
+ 44.4
1,577,948
9,113,645
-
•
^
391,,767,731^^
.: i ,277,770
+ 43.4
4,471,513-'
2,198,008 4
Springfield—^..—
354,974
•>
'
+--5.6-""
1,203,211
Rockford—
,859,287
:
+--7.3—
403,824,352
1,725,996
9 ,frl2;339-
-
-
f41.2
398,769!
433,425,074
Decatur:
0.2-
+-
5,395,402
V;
421,180
■.
13,990,621.
'
Peoria
final and complete results for-the week previous—the-week
ended March ,13. For that week there was an/increase of 16.9%,. the aggregate of
clearings for the whole country having amounted to $8,335,143,033, against $7,132,055,341 in the same week in 1942.
Outside Of this, city there was an increase of
14.0%, the bank clearings at this centre having recorded a gain of 19.7%. We group
the cities according to the Federal Reserve Districts in which they are located, and
from this it appears that in the New York District (including this city) the totals
record an improvement of 19.2% , in the Boston Reserve District of 7.5% and in the
Philadelphia Reserve District of 7.8%. In the Cleveland Reserve District the totals
register a gain of 8.6%, in the Richmond Reserve District of 7.2% and in the Atlanta
Reserve District of 24.2%.
In the Chicago Reserve District the totals are larger by
8.2%, in the St. Louis Reserve District by 23.3% and in the Minneapolis Reserve
District by 35.7%. The Kansas City Reserve District has to its credit an expansion
of 36.0%, the Dallas Reserve District of 14.8% and the San Francisco Reserve Dis¬
3,244,029
-
•
■
i
:i,,831,203
2,565,444
;+
Chicago..
:
387,574
1
3 ,946,616' !
•V
i-
27,653,000
^
—
CRy-i—
Illinois—^Bloomington
able to give the
are
Haute_____^.__
Des Moines
.
8.9
•
8.6
+
3,250,025
Sioux
ends Saturday and the Saturday figures are not .available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be. estimated.
i.
in the elaborate detailed statement, however, which we present further below
.
29,150,000
/ ■;
Wisconsin—Milwaukee
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week. We cannot furnish them today - in as. much as the week
we
2,921,258
V
Iowa—Cedar Rapids
!*'
—
2,682,256
762,466
•
.: ■
South Bend-^----'—
>:■'.'•>'■
'•• '>/,;>':>•
•>•
+ 23.8
3,901,913
2,887,265
2,639,268
Indiana—Fort Wayne.
+15.8
+ 15.0
482,194
554,554
4,829,278
-
Lansing.—_•
'
Indianapolis______—
M
•'
District—Chicago
,:.•
.-•'
1,296,240
'■
•li ;564,945*r4
1,525,795
■+
Total
(17 cities)
554,545,581
512,470,090
484,138,513
Louis—'
Eighth Federal Reserve-District—St.
Missouri—St. Louis
»' I U V
J
u'M
397:963,803
140,100,000
103,900,000
+ 34.8
106,200.000
Kentucky—Louisville
64.084.600
56.548,621
+ 13.3
50,462,472
Tennessee—Memphis—__
36,181,305
34,404,267'
■i-
Illinois—Quincy—
Total
(4 cities)
241,363,905
Ninth Federal Reserve
:
:
,
22,013,566
604,000
,VV-
':
576,000
i 182,045,965163,326.180
+23.3
195,723,888
41,926,614
••".
3,870,320
—
3,692,190
136,256,956
95,677,042
+ 42.4
75,558,682
69,896,674
:
Minneapolis—
North
+ 14.6
871,000:
93,300,000
■
24,779.493
-
District—Minneapolis—
Minnesota—Duluth_
St.
+v
998,000
5.2
44,059,897
35,542,389
+ 24.0
31,187,231
28,788,130
2,865,657
2,350,163
Paul—
Dakota-+-Fargo—
4.8
+
3,223,578
3,646,193
ZIn
:■
.7;,■
■
by Federal Reserve Districts:
>y>!.;>r''•> ;>>::>','summary of bank• clearings'>
Ended March
Week
>,
12
12
10
7
6
——10
; 17
1st
Boston
8d
New
3d
Philadelphia—
—
_____
York—
4th
Cleveland
6t>h
Richmond
.
——
Atlanta
7th
Chicago
Bth
St.
ptfll
Minneapolis
Louis
10
6
Francisco—— 10
10th Kansas
"V
M J.;; ,.;
City—
11th Dallas
12th San
554.545,581
' 241.363,905
.
196,562.053
M
M
7; M
_
,
-
■
„
,nt'
-
,
-
,
••.•Am423,741,068
1,099,196
6.6
973,722
820,319
6,426,493
4,620,960
+ 39.1
3,530,416
3,309.073
196.562,053
144,877,762
+ 35.7
118,194,154
—111 cities
Total
8 ,335,143,033
4 ,013,013,699
..
———-
Canada
502,902,718
>
32 cities
_
493,321,427
6,271,302,855
Nebraska—Fremont—
+
Omaha—
We
now
add our detailed s tatement
£ihowihg
-j >r
13 for four years.
'Iv-'•>>''
••': ;•. ■/>;
+>
;•■
•
Fkilne—Bangor——
'Portland-:
1.9
331,368,479
C
River—
Lowell.
New
4
.—————
'''
Ended
3.293,546
March
314,205,611
991,935
Rhode
New
:■
——______
-
V- '
+ 33.7
1.3
2,148,348
15.880,838
5,821,123
2,761,471
New
York
486,596
+ 23.6
893,968
Few
M
+
5,937,204
24.275,580
!___
+ 12.3
49,000.000
402,268
-
—_™
.
-
.
2,153,802
ilSL.'
>
.■
+
10,556,385
Scrant.on
Total
Jersey—^Trenton—
-
# 482-,429
Total
103,074,692
73,434,893
+16.7
_:
+
29,543,386
3,744,714,281
20,755,946
+ 12.4
:
+
-r;
•
.
"
9,168,435,
.
■
1
4,548,794
4,880,563
'+' Montreal
3.731,643
+ 54.1
3,568,932
3,256,611
+ 16.2
156,676,000
148,080,000
3,263,310
+ 15.5
>
1.247.048
1,369,560
3,447,798
2,769,364
479,863
2,805,366
.
8.9
1,430,831
1,316,974
24.5
2,325,914
2.114,869
—
358,630,911
+ 18.2
290,518,301
7,132,055,341
+ 16.9
6,271,302,855
4,013,013,699
3,521,502,609
+14.0
2.994,098,724
'
258,836,464
,
5,931,474,178
2,620,117,277
18,424,752
24,405,154
+19.2
.
25,252,624
3,389,847,240
s
465.221:
1,392,372
:
505,453
1,726,433
546,000.000
:
1,280.115
+ 21.0
*—16.5
+
1,300,304
4.9
~r
9.0
+
+
1,376,253
7.7
+ 17.6
+ 17.3
•
401.909
+
8.4
90,327,233
+ 69.1
38,930,081
1,444.673
+ 53.1
17,434,813
47,015,542
,
4,438,610
5,697,463
—22.1
3,997,453
20.1
3,011,132
Victoria—
*+"5.4
2,276,611
■'+
1,994,318
1,697,032
2,814,831
2,706,697
6,463,855
5,271,747
4,220.259
,
' 423,749,779
2.123.697
392.031
+
1.4
876,348
744.806
1,031,429
1,077,696
—
4.3
697,443
853,696
835,459
2.2
761,596
345,582
312,249
+ 10;7
228,772
Peterborough
703,164
670,182
791,022
WestminsterHat—
}
Moncton
Kingston——..
■1.979,505
1,639.879
j
Sarnia——__—
■Youngstown—
3,443.152
2,895,856
+18.9
2.827.258
2.396.523
j
Sudbury.———
322,982,655
(32 cities).
^Estimated;-
•'+
4.9.
—20.2
6.9
317.490
739,025
678,712
674,955
400,878
+ 68.4
391.284'.
1,122,165
—16.2
,1.007:552;
502,902,718
1.9
493,321,427
•
"
580.767
665,240
184.492
f
550,880
—
—
+
+ 22.4
—
—
...
766,773
895,267
3,508,310
859,617
940,560
981,123
953,273
6.9
6.1
452,037
1,052,126
704.862
:
401,905
.
•
852,367
1,126,522
711,614
,
525,387
3,706,468
.
,
1 Chatham.——
Total
991,545
.'+
•
1,048,553
—:
—22.2
133,459,734
■
.+
479,751
2,383:209
•
Vf
3,452,161
—
——
1,853.610
*
237,836
1,049,919
10.927,700
401:046,002
2,862.034
1,064,755
106.409.092
166,974.802-
3,040,595
481,980
767,262
13.047.900
86"-'
8.7
+
+ 21.1
418,991
Prince Albert—
66.026.036
9.6
3,404,841
585.393
Windsor
+
3,897,336
708,943
Medicine
-+
+ 22.6
Moose Jaw^—
Brantford—ii__—.
New
194,494,889 4
2,131,267
Saskatoon—;—.
1,249.313
-510,246,849*— -469;794i272
2,221,799
1,196,503
3,942,700
2.935.141
1,576.224
4.0
■■+
+ 20.4
1,540.699
77,245.366
1,670,032
Sherbrooke—__—
:
1,128.559
0.6
1,765,740
2,023,150
Fort Wllliami.
i
v
2,445,649
+11.5
3,935,693
4.5
+ 17.5
1,691,636
4.929,800
—
3,883,006
382,140
2,401,511'
4,556,375
".
5,290,753
2,378.037
—
4,115,913
4,911,481
.
440,253
+ 14.2
3,195,631
">
1.5
—
255,821
+ 13.3
90.749.785
5,798,191
;
+
6,089,346
j' Lethbridge
2,470,815
483,426,742
4,647,287
,
9.6
4,453,900
7.8
16,932,895
,
+ 54.6
1,734,432
+
,
496,326
1,404,742
5,045.700
561,681,858
14,277,413
(
—41.6
St. John——
London.
,.
80,268,803
32,349,697
17,262,401
168,015,873
+
1,349,425
.
37,378,462
98,138,509
Brandon———.
411,000.000
$■
88,291,522
.
'
6,420,248
i,
"V 1.595,927
.,!>' •'■ 1940> '
•
"
107.022,855
5,708,913
j
468,000,000
-
$
93,238,016
5,581,394
593,900
1,267,621
1941
">
;
ii.7
Halifax——
,
'
Dec, %
+
Hamilton-——
;
;
118,292.083
Edmonton—
Regina—__—
342.498
11
26,422,848
——
334,866
461,810
March
Inc. or
132,125,173
)•• Quebec—'—.—.
I
3,439,861.299
•-
,■'•
Ended
1942-
63,199,443
Ottawa—
136.036.030
'
+
5,216,212
2.799,150
.
8,335,143,033
Winnipeg
}■
502,971
19,222,590
'+23.6
213.175,691
4,304,174
423,741,916
—.
>. Vancouver
+' 5.7
;
15.425,296
115,946,516
i+14.7
TotaJL(7,.citles)_
1,162,359
39,163,425
17,617,732
'
—10.7
—
14,007,700
Pennsylvania*—Pittsburgh
40,295,352
1,243,078
48,703,321
3,746,728
>1943
Mansfield
•
51,849.169
►
6,164,091
Toronto——_.
;
.•8,084,735
5,111.271
■
5.9
1.216,139
171.294.871"
80,681,529
188,776,000
f.. ->'>'•>$ ?.!">•:
35,200.000
162,067.202
_
3,532,556
82,718,275
-
3,346,473
9.497.047
:
(10 cities)——
16.073.600
:
'•I1 1,111,294
3,932,600
219,324,848
—____
Week
!
3,176,828
—
6,095,773
1-! 2,184.000
1.046,262
.1.
+ 26.7
23,332,228
-
-
Canada—
3,311,356,901
+ 13.1-
701.223.095
Columbus.
36.3
+
57.039,610
?,7r 1.182,839
•*
Cleveland
1,312,409
:
72,289,839
_i—:
Kitchener
Cincinnati
2Q.8
i.:?• :r
Fourth Federal Reserve District—Cleveland—
Ohio—Canton
>
+ 14.8
85,700,101
(111 cities)
Outside New York.—
1,071,670
.
v —38.0
2,907,793
605,272,990
+ 21.2
+
*
(10 cities)—
1,820,633
65.937,268
•:
7,339,601
:T»: 2,644,000
9.3
—
1,079,228
1,789,176
Grand Total
:
Total
+
3,767,358
Stockton.
1.980,891
New
2,662,000
I
+ 4,364,527
30,040,410
.
932,745
+ 25.8
1,503,629
—
683,120
134,953,433
65.529,905
+ 16.7
118,312,486'
(6 cities)-—
463.960
+ 11.9
3,410,173
;
Wilkes-Barre—
615,117
752,860
!.+! 2,225,907
+ 14.6
9,880.509
1,307,533
Santa Barbara—!—
454,029
♦**
3,277,204,131
5.3
+
7,334,177
22,933,909
1,161,993'
588,000,000
; 1,506,001
l
152,219,369 +
25.3
+
82,623,000
San, Jose
11,808,500
725.351
-
+ 19.7
5,162,837
:
.
1,571,751
Philadelphia
688,584
1
•-:.+'
+ 36.0
5,295,999
San Francisco—
260,019,282
41,000,000
:
+ 29.2
3,610,552,732
530,146
Lancaster
2.445,428
1
2,414,000
Pasadena—,^
4,156.294
:
1.047,422
;f
+ 28.2
984.022'
562,706
Bethlehem:
;
14.3
11,529.545
FallsM—
California—Long Beach
Third Federal Reserve District—Philadelphia-
Pennsylvania—Altoona-
198,976,328
3,063,014
Oregon—PortlandUtah—Salt Lake City._
660,064
■
5,669,715
2.9
+
1,018,143
.
33,409,239
+4,465,580,637
(12 cities)—_—
+
94,702,395
——_____
'}
Total
•<
'
+ 32.4:"-
782,002
Eleventh Federal Reserve District* -Dallas-
Calgary..™
Northern New Jersey—,
2,756,609
"
11,918,148
13,088,000
.•
—15.5
1,209,058
>i
5,776,328
—;
91,723,163
'
>'
9.224,368
—
3,092,481
103,086,746
3,268,996
867,248
.
,
Jersey—Montclair—299,155
Newark—
+>■
288,840,741
:——.
Connecticut—Stamford—_—;—__
:
270,615,262
Yakima—
2,924,667
569,238
7.5
4,322,129,334
11,116.614
_;
4,367,052
> >.
352,053,075
_______—-——.
Syracuse—.
8.3
—
>>!
11,124,355
7.3
—
17,097,400
1,271,191
———
'Rochester——
—
>
1+73.2
1,305,449
:—
•■".
\
3,381.857
50,400,000
———
Elmira_
2,289,206
3,431,348.
+ 56.1
i';"*
1,148,084
,
Washington—Seattle,
680,329
773,170
+ 22.3
York—Albany—-iU—.
5,015.492
Binghamton—1,357,857
„•__
-
222,388,589
:
421,645
—20.9
Second Federal Reserve District—New York—
3,936,571
'
•
Twelfth Federal Reserve District—San Francisco-
804.938
605,721
New
Jamestown
7.7
—
,601,255
=
(12 cities)——
2,110,791+
42.5
+ 28.3
^'
1,946,525
249,284,138
378,412,105
Hampshire—Manchester^,-.—.
Buffalo.
4.8
+
3,717,977
v
f+:H
(10 cities)
Wichita
526.067
2,034,391
3.6
—
>/'■>. 786,299
■
+
30,962,402
>35,911,168
"'
Galvestonf—,
1940
573,609
•
4,545,939
2,725,660
29,607,600
Island—Providence—.—>
Total
;
—_!
Haven
;:
5,338,490
——_!
y.
Connecticut—Hartford
New
:
14,715,187
>
•
4,383,075
138,307,542
147,736
2,599,209
.
$
V
1,051,185
479,200
Worcester
"IJ'
1941
+ 22.7
1,075,090
—^—
——.—
J
+ 23.5
2,139,490
>
*
140,305
: 2,744,216
.
.'=84,390
•'
84,355
V
:
+ 58.9
Louisiana—Shreveport
Dec. %
299,706,767
—
Bedford——.
Springfield—.
109,547,544
'
;»'>>>
f
>»
13
Inc. or
3.413,548
.;•:>■'
i 'S
*
Texas—Austin—
271,025.600
•
=::|
'
Fall
+ 44,905,865
Pueblo—______
""
Lfnssachusetts—BostonJi-^—,
32.0
+ 29.5
Joseph____6,144,816
Colorado—Colorado Springs
"...
•
+
71,339,496
'•>;: Dallas
•
698,245
,856,497
——
736.992
854,868
'
+ 48.2 v\
181,799
3,347,459
Kansas—Topeka_—_2,641,570
—__i—> :+!>>" 6,245,657
the figure s for. each c ity for the
$
Clearings at—
"!>..! ;V
>+!•
First Federal Reserve District—Boston—
125,277
>
Missouri—Kansas City—_——177,442,190
2,620,117,277
—
1942
1943
>
*4,333,827
;
:
-
•>;; Wichita—
St.
1.2
:
Week
:•
-
>+185,654
t
-
——
Fort Worth.
Z
City—
.
/:
Llncoln____
3; "•,
week ended March
;',:;
Hastings—. *240,000
>
+ 22.3
—
5,931,474,178
14.0... .2,994,098,724
+ 16.9
•7,132,055,341
3,521,502,609
(7 cities)
Tenth Federal Reserve District—Kansas
Total
Outside New York City
—_
Helena——
Total
,
270,615,262
118,312,486
1,153,507
f
,
512,470,090
+ 8.2,i;.y 484,138,513 !■
397,963,808
195,723,888 . +23.3 .182,045,965 ,
163,326480
144,877,762 + 35.7
118,194454
• 109,547.544
198,976,328 1 + 36.0
152,219,369
134,953,433
! •. 103,074,692
+14.8 ;.f; 82,718,275 V » : 80,681,529
358,630,911
+18.2
, 290,518,361^ ,- 258,836,464
v
3,092,478
1,026,380
V:
1943
;;
■
1942
Inc. or
;
1941
'
1940
'
:
$>•-'.. :>>>A"V. $.
r Dec. % ~
\ $ ..
S
cltloi
378,412,105
352,053,075
+ 7.5
" 288,840,741
260,019,282
"
• 4,465,580,637 ,
3,744,714,281 !+19.23,389,847,240
3,439,861,299
"
'•
605,272,990
561,681,858
+ 7.8
483,426,742
423,749,779
" +
510,240,847
469,794,272 + 8.6
401,046.002 ■;
322,982,655
"
241,103,246
224,890,498
+ 7.2 .1 176,194,959 V 147,237,287
" V
329,392,853
265,167,686 1+24.2
222,112,594 '*.192.314.918
4
__
'
a summary
13
Federal Reserve Districts
6th
furnish
the following we
1,139,181
Montana—Billings—
-
3,782,826
South Dakota—Aberdeen
trict of 18.2%,
t
0.9
.
:
8.9
2,518,404
231,929
,
630,431
699,8071
442.837:
614,346-
586.989,
550,5^1:-
"
331,368,479
>
>
.
336,559.
1,001,403=
271,025,600
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
1077
•J
track
(Continued from page 1048)
.
at
Scott
-
Counties, Iowa.—V. 157, p. 989.
enterprise is to be freed from the heavy hand of past errors, miscalculations or disaster, and if the allocation of securities among the various
..
claimants
•
is
fair and
be
to
in
meaning
E.
,
a
Maturities
ship proceedings.
"The reasons why it is
,
....
■
...
„
the
of
but
claimants
of
classes
various
the appropriate test are
"The
also
the
give
to
-company
new
..
.
•
•
a
stock
the
of
.
,
f
■
that
say
when
erroneous
judgment
expert
the
made
the
of
Court
the District
that
or
...
.
be
the
figures
that
for
"As
the
bondholders
for use
per se is unreliable
and numerous other
make
them
normal
could
future.'
serve
We
as
cannot
point
as
standard
a
,
likely
reasonably
Cost
In
.Taxes
In
1941.
view
these
of
considerations
cannot
we
that
say
Justice
i
'
crimination
He
against
Milwaukee
&
and
mortgage
holders.
>. -
that
to
mortgage
given
the
the
and
Western
The
1
Pacific
should
and
reversed
be
had
Court
that
upheld
of
the
307),
of
tribution
of
the
i
Corp.
statute.
1943,
•
-
■
the
.legal standards.
the
result
the
"Another
-
.
and
the question
open
had
conclusion
of
applied
Court
in
accordance
whether
in
improper statutory
action
Is
that
the
"
to
character
and
case
of
of
7r/e
payable
Wage
elimination
from
the
as
been
have
would
warrants
of
loss to
a
result
reorganization
been
investors.
some
and
provides
the
Subsection
method
proceeding.
After
for
as
all
(E)
their
of
the
exhausted
authorized
by senior securities, warrants
otherwise unsatisfied claims.
Such
for
represent
recoupment,
there
Is
no
Just
con¬
statutory requirement that such immediately valueless
paper should be issued.
"A mere possibility that traffic might be found to the limit of the
physical capacity of the system is not, the kind of earning power
which justifies the issue of securities based upon such a
possibility.
Whatever
claims
pn
the
or
may
be
worthless,
the
the
limit
of
present
the
powers
plan
may
of
the
be
not
the ground that Congress is
elimination
of
powerless to
without value."
claims
Subject
to
As
methods
of
leave
by
courts.—V.
the
to
Review
valuation,
the problem
statute
to
157, p.
Justice
the
of
Commission
successfully
authorize
in
to
find
attacked
bankruptcy
Courts
Reed
terms
of
the
to limited review
863.
Chicago Railway Equipment Co.—No Common Div.—
The
time
directors
on
the
on
March
16
took
no
action
on
a
dividend
at
thfs
common
stock, j>ar $25.
Payments on this issue during
1942 were as follows: July 1 and Oct. 1, 50 cents each; and Dec.
28, $1.
The regular quarterly dividend of 43% cents
per share was declared
on
the 1% preferred stock, par $25,
payable March 31 to holders of
record March 20.—V. 156, p.
1016.
Chicago, Rock Island & Pacific Ry.—Abandonment—
The
ICC
on
Feb.
12
issued
a
by the trustees of the company of
from
a
connection
with
its
main
certificate
a
permitting
abandonment1
branch line of railroad
line
at
Stockton
to
the
extending
end
of
the
firm
law
director
to
of
Sullivan
succeed
'
1
•'
•
,
-V
-
Joy,
-
■
1941
1940
61,298
697,172
51,701'
51,306
$318,818
613
43,022".
$186,787
993
60,000
60,000
\
and
V
$978,683
$368,203
_
•
;
',
869,124
68,306
91,113
retirements
"
$1,307,555
—
income
\
Cromwell,
of Troy,
'•
972,087
(other than Federal Income)
for
and
R.
A.
1942
.
——
1,249'
re¬
—
profits taxes
115,309
A—-
$192,282
Earned surp. at end of preceding yr.
60,000
57,590
24,966
$200,236
$100,572
*
.
454,768
367,802
359,410
$647,050
$568,037
$459,982
44,194
45,769
52,500
67,500
47,180
45,000
$550,356
Total
increases
debt
Funded
and
$454,768
Deferred
pertaining thereto (esti¬
serially, or in installments,
wholly in 1943/ $2,344,000;
(excluding $2,402,616 matur¬
i
.
;
/
a
the
«
Debenture Exchange-
the
plan
of
exchange, to meet
exchanged for the
the
the old
bonds.
deficits
in
said
during
January
a very modest
number
of
the
the
had
company
a
profit in January of last year,
years.
He stated it was
cold
Columbia
the
such
executive
;
:would
58.2%
of
Its
A
indicated
in
a
report made public
dled
Chrysler Corporation, more than $1,300,000,000, or 58,2% of
is being subcontracted to smaller companies.*t
Mr. Weckler reported, "8,079 individual com¬
panies located in 856 cities and 39 States share this corporation's war
work through subcontracting.
Of these, 4,690 are relatively small
by
"At the present time,"
business concerns,
1,607 are medium sized, and 1,782 are large organi¬
zations."
further
As
Chrysler
the
of
evidence
Corp.,
major
of
how
products
war
widely
Weckler pointed
Mr.
which
war
out
work
that
Chrysler
is
in
Corp.
subcontracted
connection
makes
with
and
will lose much
the
(the
tanks
more
are
there,
than
950
parts,
year,
or over 35%
from
them.—V.
Columbia
also
furnish thousands of other items which do not
dies, fixtures,
etc."—V. 157, p. 989.
Cincinnati
A
of
group
Period End. Feb. 28—
1943—Month—1942
to
surplus
$58,748
$59,204
$123,610
$121,930
passengers
8,683,629
6,950,539
18,099,655
14,392,452
—V.
157f. p. 779.
Corp.
—
Minority
,
Group*
minority
stockholders
is
soliciting
proxies
to
oust
Hire
.
in
Eastern Pipe Line Co. as well as certain, sub- <
engaged in the oil and gasoline business.
the committee contends, "have prospects which, under
circumstances, make it seem most desirable that they^Jje
existing
by the corporation if it is. possible to do so.
Action
also
Is
Panhandle
assets,
retained"
to
release
promised
the
.
corporation from the jurisdiction of the SEC
as a contest of the liquidation plan calling
share to the common stockholders of Columbia
well
as
for distribution of $1
a
Oil.
The proxies
seek endorsement of Harold E. Sweeney, statistician and
economist, of Fisher &r~€o., Detroit; Joseph B. Ely, former Governor
of Massachusetts;
New
York
<
James A. Beha, former Superintendent of Insurance
State,
as
and Robert W. Atkins,
directors.—V. 157, p. 439.
partner
in
Shearson
T
♦
Columbia
Pictures
Corp.—Earnings—
26 Weeks Ended—
profit
Operating
1943—2 Mos.—1942
Balance
Gasoline
electing sufficient "independent" directors at
to be held at Wilmington, Del., on April 1. Election
of Its slate, the "independent" committee asserts, will result in action
to restrain the present management from
making final sale ob'its
Net
Revenue
.
&
the artnual meeting
Prov.
Street Ry.—Earnings—
<
Seeks to Oust Management—
of
"Subcontractors
direction
present management by
Hammill & Co.,
directly go into war products but which are necessary for their manu¬
facture.
These include such things as cutting oils, machinery, tools,
of
of the aggregate servicing charges previously exacted
863.
Oil
individual
parts with 3,783 of them obtained from smaller concerns.
have 406 different parts, 303 of which are by made
subcontractors.
functions
157, p.
Gyro-compasses
by
previous
its capital stock, par $100, for $100,000 in cash.
Changes ,in the servicing arrangements, the Commission points out,
■/will save the operating utility subsidiaries an estimated $475,000 .a
These
are some 4,500 separate and different parts,
of
3,000 are made by subcontractors.
On our gun job
of which 522 are ,piade by subcontractors.
The
Martin Bomber sections which we make have 11,542 parts with 5,881
of them supplied by outside concerns.
Dodge Army trucks have 5,101
which
its
of
sidiaries
latest
of
services which
parts.
there
controFover
operating companies, and will be more restricted
partake of a purely operating nature.
The
service
company
proposes
to reduce • its capitalization from
$350,000 to $250,000 in reacquiring from Columbia Gas 1,000 shares
to
21
complete figures are available) there are 32,703 different
"Of these,1.' Mr. Weckler said, "19,611 are made by Chrysler
Corp. war subcontractors and 13,092 by the company.
Corp.—SEC approves Plan<
policy forming management personnel of Columbia Gas
service ^company
by
which
for
Electric
be paid entirely by Columbia Gas,
interest
•
and,
have
March 5
the total
$1,600;
Engineering Corp.—
and
by Herman L. Weckler,
Vice-President and General Manager, who stated in part as follows:
"Of the more than $2,000,000,000 in war contracts now
being han¬
on
year,
retirements
the holding company.
Those i
formerly been charged to the operating companies through <
ithe
medium
of
Columbia
Engineering, the service company.
The
Commission points out that under the proposed reorganization the
preceding
Detroit—Subcontracts
one
for
.,
cannot
Corp.,
after
reserve
The SEC on March 15 conditionally approved changes in operation■?
and conduct proposed by Columbia Engineering
Corp., a servicing sub¬
sidiary of Columbia Gas & Electric Corp. to meet the requirements of
Section 13 of the Public Utility Holding Company Act.
The proposed
reorganization, in effect, narrows the activities of
/the servicing company and separates them from the parent holding
-company,.
Under the proposal salaries and expenses of the central'
:
Chrysler
$22,635;
,
has
company
predictions
payable—due
revenue,
Gas &
of Columbia
definitely turned the corner, although he
anticipate unexpected developments,
particularly those created by Government regulations.—V. 156, p. 1950.
added
storage
replacements, $567,671; cumulative preferred stock (no par), $704,000;'
common stock
(15,000 no par shares), $300,000; capital surplus aris¬
ing from retirement of preferred stock,
$158,857;
earned
surplus,
$550,356; total, $2,487,409.—V. 155, p. 1917.
'
his belief
contracts
$18,174;
unearned
costs
a
,
S.
liabilities,
5% debentures which mature ori April 1,
special meeting called by the company in New
them at once for the new 5% issue due
advanced
$367,802:
Sheet, Dec, 31, 1942
Liabilities—Notes payable—banks
(unsecured),
$6,500; notes pay¬
able—banks (secured by notes receivable), $2,000; contracts
payable,"1
$800; accounts payable, $43,487; dividend payable Jan. 1, 1943, $1,304;.
ice coupons outstanding,
$2,576; accrued Federal Income and excess 1
profits taxes, $91,172; other accrued taxes, $16,278;
other accrued
exchange
company
<
property and equipment, $2,011,146; cash, $194,196;'
Treasury notes, tax series A-1944, and accrued interest thereon/f
$1,221; U. S. savings bonds, series F, $19,758; notes receivable and t
accounts receivable (less reserve of $14,030),
$68,541; accrued storage
charges receivable, $50,172; accrued interest receivable, $302; inven-.
tories, $77,578; other assets, $41,149; deferred charges, $23,345; total,'
$2,487,409.
U.
income
on
stocks.
stock—.
Balance
unexchanged
at
common
Assets—Plant,
taxes
maturing
maturing
debt
total, $17,923,975.-
to
preferred
on
to
Urged to Act
16,
on
Dividends
par),
urged,
—L_.__
—
Dividends
(rentals), $17,309; Reserves,
preferred stock ($100 par), $3,731,600; Com¬
$324,416; Surplus reserved for preferred stock
provision, $2,722,039; capital surplus, $1,231,259; earned
of
were
"For
the
said
Commission subject
the
a
Good
.
merely the possibility of
of redemption in judicial sales.
But
equity
stitutional
the
had
value
reasonable
might
inevitable
this
^
$1,492,701
—J.-_
Net income
cumulative
(no
$536,305;
time
and
determine, as we do, that it. includes the
the capitalization of the reorganized cor¬
"Actual bankruptcy means
during -1942 were as follows:
Sept. 30, 50 cents, and Dec: 30
Co.—Annual Report—
Federal inc. and excess
poration."
•
•:
.
•
•
-"
War Orders—
. .
. .
.
Upholding the elimination of stockholders and creditors from par¬ •••''
How a large company makes it possible for thodsMids of smaller
ticipation in the new Western Pacific, the Court said:
'.
;
companies all over the country to participate in its war work was
recognizes
cents'-
50
■
863.
p.
placements
/
$2,891,463), $2,478,059;
charges, $402,423; total, $17,923,975.
E.
C.
Field, president,
profit of $60,000, against
reaching
standards.
.
25 cents each;
member of
a
157,
4
'compatible with the public interest' rests, as
the Commission.
Without attempting to forecast
phrase as used in the setting of this statute, it is
this
stock
common
30,
Interest
/
1942
situation, about $2,259,000 had been
new
debentures, while holders of another $650,000 had expressed a
to exchange if all others accepted,/ This left an amount of
'$1,584,000 still unaccounted for.
He stated/the company had taken
care to see the new Issue was just
as good-as the old, so if the plan
were unsuccessful, holders of, the, new would fare as well as holders
with
determination
31,
Dec.
readiness
plan is
the
of
in
sufficient
amount
the
the
Sheet,
5 r/o
does, with
limits
the
It leaves
Commission
restriction-on
to -whether
.valuation
support
v/.
,
Balance
maturity
■
to
evidence
t$272,984
Hamilton Rickaby, counsel for the company, who acted as
chairman,
emphasized the company's financial position, as revealed by the balsheet, made clear.the maturing bonds could not be paid off, and
stressed no financing was possible to take care of the
maturity.
Mr. Rickaby stated, of the $4,493,000 of debentures
outstanding at
any
material
Drl,019
t$719,153
;ance
dis¬
apparently intended to leave the determination of valua¬
property for any purpose under this section' to the
Commission,"- he said. "The language chosen leaves to'the Commission,
•i we
think, the determination of value without the necessity of a re-.examination by the Court, when that determination is reached with
'of
interim- dividend: of
20.
the
revenues
Taxes
1957, and warned failure to do so before the end of the month could
only result in the company being obliged to resort to judicial pro¬
ceedings under the National Bankruptcy Act.
"Congress
tion
089,986
t$121,963
amortization
$5,506,292;
York March
Reed's opinion in the Western Pacific case went into more
to the history and meaning of the railroad reorganization
as
for
*
the
the
Dr2,473
$125,516
liabilities, $24,238; Funded debt
Holders
the aggre¬
in
Green,
Maintenance
bank, for money borrowed, $100,000;
(trade and sundry), $779,127; accrued interest,Haxes,
(including Canadian and state taxes on income—$15,-.
charter
surplus,
The
and
H.
Gross
deferred
$58,616;
Holders
claims);
Finance
Co.—Dividends—
an
the
885,419
Cr42,000
reserves
stock
mon
Commission failed
their prior
Reconstruction
413,747
616,580
.'
1943),
under
securities.
of
Justice
detail
claims
$1,027,202
402,175
576,478
—
$106,302;. Funded
1943,
$71,637;
amount of securities which may be issued under the reorganiza¬
tion; the allocation of securities of the new company as between the
iconflicting securities interests in the old company (including the com¬
treatment
$209,616
393,878
and
regular quarterly dividend of.
preferred stock, both payable March 31 t<*
York, has been elected
Total
charges
$370,834;
mated),
gate
pensation of senior creditors for loss of
$850,865
389,596
March
on
June
Years Ended Dec. 31—
7,614
*541,976
etc.
in
adequate findings as to valuation and that war-time earnings
-since the plan was certified require a reappraisal of the reorganization.
the Commission's determination of
record
and
Colonial Ice
$1,019,587
$1,015,087
salaries,
to make
The Court also upheld
$198,278
11,338
of
31
Y.—V.
731,748
14,992
stock
Cluett, Peabody & Co., Inc.—New Director—
E.
New
$1,751,335
$835,873
declared
10
year-end of $1.—V. 157, p. 343.,
N.
12,620
Bronze
March
common
share on the 5
Distributions
March
377,837
846,074
Graphite
on
the
on
per
holders
478,781
$1,044,353
157, p. 2304.
directors
share
$1.25
863,519
363,770
systems—known as the Rocky Mountain System and MidSystem—as "additional systems," and that it also should
to
retain
Arkansas
Natural
Gas
as
an
"additional
Cleveland
payable
\
The Supreme Court overruled contentions that the
11
Gas
1
system."—V.
1939
463,607
-
$1,460,869
624,996
$1,002,468
$3,914,771;
Deferred
affirmed."
Court
section
permitted
per
862,571
372,711
amortization., tLoss.
(less
ing in
<
„
be
program
1940
.
oper..._
accounts
■.
District
of
(net)—_
Consolidated
will,
Case
the plan.
end
472,645
665,993..
>
profit
erties
The Western Pacific opinion was a complete approval of the ICC
reorganization plan.
The decision, delivered by Justice Reed with a
separate concurring opinion by Justice Roberts,
joined by Justice
Frankfurter, held that "the judgment of the-Circuit Court of Appeals
District
that
other
Continent
fixtures, restaurant equipment, etc, (less reserves for depreciation of
$2,757,865), $1,151,073; alterations and improvements to leased prop¬
50-year
bond¬
v.-:.r'".-"v.
•
to
bonds, $120,024; Other assets, $369,563; land and build¬
ings (less reserves for depreciation $720,856), $7,749,119; Furniture and
Haute
Terre
electric
The net working
the year is needed in
793,072
$1,668,460
Liabilities—Note
consolidated
such
Mid-Continent
Government
objections
comparison
obtained
be
can
since
Assets—Cash, $1,190,970; tenants and other accounts receivable (after
reserve), $85,557; Inventories, $462,416; Canadian and United States
latter."
Northern
in
funds
1941
421,867
credits
*Includes
of the general mortgage bond¬
holders should be sustained for lack of facts to support the allocation
made to them as against that made to holders of bonds secured by
the
(or
Co.
the
principal system, it also should be permitted to retain its oil business
as
"other business,"
that it should be permitted to retain its two
catastrophe
a
exchange,
The
523,355
income
M
Haute
certain
Gas
registered holding
a
staff
to
it must confine itself to its interest in Arkansas Louisiana
or
Provision
his
the
that
said
also
in
of; Terre
Service
the
of
itself
strong argument for Cities Service to retain its oil business, how¬
ever,
was made by Clinton J. Ruch,
counsel for the company.
He
argued that if the Mid-Continent Gas System was to be the company's
sales
deductions
Net
dissent in the St. Paul case, objected to
bondholders, contending that the ICC
action "gives them an inordinately superior position to that accorded
the holders of general mortgage bonds and produces a serious dis¬
Roberts,
treatment
position
confine
A
$17,594,855 $16,079,990 $17,404,501 $18,649,999
14,732,259
13,492,139
15,064,527
15,627,380
rentals
772,269
754,271
•
931,851
893,448
from
and
.
the
it
Cities
Co.
Gas
exchanged.
the
747,557'
expenses
Depreciation
Extraordinary-
junior interests have carried the burden which they properly have of
showing the subsequent events make necessary a rejection of the
Commission's plan."
•
<•
"/•"
'
at
of
of the Act
Operations
the
the
was
that
utility system
may establish as an alternative) and dispose of all other utility
non-utility interests.
Similiarly, the staff contended that Arkansas Natural Gas Corp., a
holding subsidiary of Cities Service, which must be divested by the
latter, must either dispose of all interests in its gas utility business,
so
that it will cease to be a holding company within the meaning
$16,323,943 $14,814,273 $16,078,323 $17,307,699
income—
income
Total
.
for
misc.
inc.
Net
"Among these are the great increase in taxes and in certain costs
operation, and the decrease in water, and truck competition.
In
addition to the increase in tax rates, of which we cannot be unmindful,
there is the likely increase of the total tax burden occasioned by the
conversion of debt into stock.
It is estimated by certain bondholders
(that by reason of this fact a full dividend could not be paid on the
.new
common
stock even on the basis of earnings as great as those
•
which
such
offer
successful, completion of, thi sexchange
income--
general
Other
.
of
had
-
building
of
Other
future
<-
a
Gross, profit
for
remains
Cities Service Co.
as
it
said
the
and
$1,000,000,000.
long
so
he
it
as
is the maturity of its
that
this
not
are
1942
restaurant
Income
Increases
.
which
company
of
from
source
no
sales
income
of
/ Cost of
the bulge of war earnings
unless history is to be ignored;
for -any
debentures
acceptance
'
rentals
Total
Cost
:v-:
year.-
:
considerations, present here as in former periods,
suspect
company
a
out,
as a.norm
be
the
Miscellaneous
that
assume
criterion
reliable
a
by
debentures
"
\
Restaurant
future.'
of
some
unexchanged
only
to
the
which
Building
in
indefinite
the
earnings
war
or
'indefinite
System
Consolidated Income Account for Calendar Years
experience that the upswing in business, which war brings is
and likely to be followed by an aftermath in which condi¬
may be worse than before.'
The record during the last World
War
is
illuminating.
It shows that the Milwaukee's net operating
income rose to almost $31,000,000 in
1916, exceeding $21,500,000 in
of
excess
(B) (1) -requires
would be in their best interest.
„
tions
financial structure
the
benture holders .that
.
,
in
However,
company,
current operations of the business.
In view of the progress made
by the company in the past two years, it should be obvious to the de-
temporary
.
assets
had been
It
the
past
■i
of
appears
.
t
problem confronting the
..
1918 and to about $2,000,000
in 1919, and showed a deficit of over $14,000,000 in 1920.
."^As we have noted, the Commission conceived as its responsibility
the devising of a plan which would serve 'as a basis for the company's
satisfy the Judgment of the court.
company
averted
capital
circumstances has been made; which requires the District
return the plan to the Commission for reconsideration,
"Late in 1939 the .Commission had occasion to say, 'We know from
to about $4,000,000
debentures
deben¬
necessary
debenture holders last
..refinance
changed
dropped
The
amount.
cease
Utility
and
Court to
1917,
the
holders
there
justified in
not
was
gold
15-year 5%
or
principal
Cities
Servce Co, may elect to dispose of all Its utilty
to
be a registered
holding company under the;
Holding Company Act of 1935.
In such event, he added, the provisions of section
11(B)(1) of the'
Act—geographical integration—would no longer be applicable.
Cities
Service Co., he said, is only a holding
company and has consolidated'
Public
debt
can
affirming the finding of 'no value,'.
"The question of
the increase in earnings since the Commission
approved the plan raises of course different issues * * * We agree
with
the Circuit
Court
of Appeals
that ;no sufficient : showing of
<
the
the
prediction,
Commission was
recognizing the possible margin of error in any such
cannot
we
of
,
.
such
in
business,
interests' and
gold debentures due April 1, 1943.
A plan was submitted
May calling for a voluntary extension of
by the exchange of the maturing debentures for new deben¬
tures at the same rate of interest and maturing in 1957.
At this date
(Feb. 19, 1943) there have been exchanged only $2,259,000 leaving still
outstanding $2,234,000 unexchanged due April 1, 1943.
The success or
failure of this plan will determine whether or not the company will
be obliged to resort to judicial proceedings under the National Bankruptcy Act.
The management is bending every effort to convince all
purposes
made.'
be
can
"But
oil
15-year 5%
to
based on earning power re¬
quires of course an appraisal of. many factors which cannot be reduced
1 to a fxied formula.
It entails a prediction of future events,
Hence
■'an estimate,
as distinguished
from mathemathical certitude, is all
.that
1943
corporation to
belief
this
.
*
*
«
were
acquired and the board of directors authorized the officers
The gravest
power
reorganization
value -for
"A
$284,750
correct.
„
•
service
of
amount
the
that the requirements of -the sinking fund
had been fully complied with and the company was advised by counsel
in 1934, and subsequently, that the method used, in their opinion, was
of the road will be sufficient to pay
prior claims of interest and principal and -leave some surplus for the
•
in
payable in cash
$423,000,
I,
were
the
finding
ability that the earning
April
the
prospect for survival.
..
of the Commission, affirmed by the District Court,
that the stock had 'no value'
is supported by evidence.
The issue
involved in such a determination is whether there is a reasonable prob¬
reasonable
of
sum
due
tures
apparent, A basic
requirement of any reorganization; is the determination of a. capitaliza¬
tion which makes it possible not „only. to respect the priorities of the
•
of
leaving principal and amortization of mortgages and mort¬
bonds amounting to $166,616 due in 1943.
Nov. 1942 in the New York Supreme Court a judgment was ren¬
dered declaring that there was due from company to the sinking fund
:
.
states:
mortgages in 1943
Co.—May Elect to Dispose of Utility
Concluding an oral argument before the SEC in "death sentence",
proceedings against the company, Frank Field, attorney for the Public
Utilities Division, indicated that in view of the
preponderance of Its
Field, President,
gage
In
Thus, the
made.
being
is
valuation
C.
Service
Business and Keep Oil Units—
extended,
situation from the purpose for,
question in a valuation
for rate making is how much a utility will be allowed to earn.
The
basic question in a valuation for reorganization purposes is how much
the enterprise in all probability
can earn.
Earning power was the
primary test in former railroad reorganizations under equity receiver-
,
its
particular
gathers
a
Cities
.
;
which
in Muscatine, Cedar,' and
Childs Co.—Annual Report—
equitable.'
"That is equally applicable to a railroad reorganization,
Mr. Justice
Brandies once stated that 'value is a word of many meanings.'
It
'
Tipton,, approximately 21.66 miles,
for
Fed.
Dec. 26,'42
1
—
taxes
(incl,
$2,350,OGO
—
Dec. 27,'41
$1,514,000
profits tax)—
1,600,000
777,000
-
exc.
$750,000
$737,000
profit
Option Renewed—
The
New
heretofore
York
Stock
granted
fca
.
Exchange has directed
the
listing
of
13,133
that the authorization
common stock
shares of
THE COMMERCIAL & FINANCIAL
1078
(no
pari
its subsidiary, the Transportation Securities Corp.,
March 17 by the SEC to carry out a plan! for the
corporation and
a
Samuel J. Briskin on July 3, 1942 for the
purchase of such shares, at a price of $7,625 per share on or before
the close of business on June 10, 1950 or an earlier date.
granted
option
Liabilities—
Capiatl
to
cover
new
permitted
were
to
directors
1942
16,
Securities
Accounts
1941
1942
reTCMeS-:..
II
Gas
Total
13M49.091
16,172,916
731,726
Operation
711,891
111,008
Matured
104,700
—
Maintenance":!-.-
21,447,429
9,956,626
20,411,338
5,879,760
,
la n e o u s
Fed.
& Fe&de r 1" t ax e s
22,591,106
14,334,900
tax—
profits tax_
excess
Frov, for depreciation
21.920.289
12,224,188
5,130.800
20,777,599
a
income
5,594,400
18,172,132
<
The
of
merger
into
Inc.,
Reserve
will
cern
The
in
of
known
Surplus
March
announced
was
board
the
of
17
by
.
Consolidated Vultee Aircraft Corp.
as
Tom
M.
con¬
new
,v
in
of
929 100
plant—25,678,375
292,442
other prop.-i_-
accounts
22,279,776
266,658
.
v
-
J
of
aid
utility
185,421
1,053 256
869,760
—_'.
i——'
.>-180.000
*
' 2,896,134
construction--^.**
1,132 054
888,828
875 097
<--
13,327', 101
i**-*****_*—***——**-*—11,936,468
Container Corp. of America (& Subs.)—Annual
Report
F,
>
^
:
,
■>'']
■
Cost of sales
;
.
ratified at meetings of Consolidated stockholders
and of Vultee stockholders in Wilmington, Del.
votes favoring the merger were substantially above
Consolidated Income Account
.
:
Net sales
„
The
companies.-
both
of
amort,
reserves
1&8,029
398,700
■,
>
liabilities-/*——
—V0tia57 "p-gYg-——194,537,208 190,512,504
Ap¬
;
and
uncollectible
3,037 933
for Calendar
' 1942
Years
*
'."'J
•
• 1941
" "• 1940 /
$49,533,239 $46,714,221 $30,464,677
of deprec.)—
36,668,926
35,548,267 - 23,339,894
*
-
-
•
(excl.
was
Diego,
Girdler
Mr.
——
be
merger
San
world
the
in
depreciation
/Contributions
1,376,108
172 048
'
4,790,259
„i
accrued
——**-*—
depr.
Miscellaneous
/
single
Chairman
Girdler,
for
1,891,202
174,245
and
credits
' 157 057
75,050^000
1,377,616
—
_l—
current
Reserve, for
Consolidated Aircraft Corp. and Vultee Air¬
firm ranking as one of the largest; aircraft
the
a
declared
interest
Reserve for
kilowatt hour
manufacturers
54,074,582
8,269,389
Calif.,
said
Y.
/.i... Gross
profit'
♦Provision lor
$12,864,313 $11,165,954
4,307,975
$7,1'24,783
depreciation—; 1,411,499
1,241,246
e
'i
'<
.
/.
"The merger will augment production
Gross profit from operations—Uand lower operating costs
$11,452,814 V $9,857,979
$5,883,537
j
by
combining the
associated companies into one; fully integrated
Selling; ^admin.--and general ex-•vr',
•*■'
+•
company, so that all its 11 plants, equipment, material and personnel
penses (exclusive of bad debts).*
3,016,086
2,953,587/ 2,361,345
can
be utilized to best advantage," Mr. Girdler said.
{
Consolidated Vultee produces Liberator bombers, large flying, boats
Net profit'from operation—/i*
$8,436,728
$6,904,392
$3,522492
and
Prov. for bad debts, less recoveries :
cargo
transports, training and observation planes and "flying
*
'.v
45,596
4 912
Loss on capital assets retired or rejeeps."
'
\J ,
• V..
:•"
•" t : '■■■'.
/
' »•
"Looking toward the future," Mr. Girdler declared, "the merger
duced to estim. realizable values.
Cr3,102
235,921
42,706
should result in a company that will be in a stronger position for
usefulness in post-war rehabilitation."
.
....
r
s:
Balance
v$8,439,830 •■'$6,622,875 r $3,474,574
The stockholders
also approved membership of the new board of '.-Other income
1
178,550
-211,838 -160,648
directors, which includes:
' r;F
.
,V:
Chairman Girdler, A. J. Brandt, F. A. Callery, C. Cobum,Darling,
■..Net
profit-'before
interest
arid"''*>■
?.<•'•<''*'«Ft-'.
David G. Fleet, John Hertz, J. Mason Houghland, Louis A.-Johnson,
Federal-income taxes--—$8,618,380 -$6,834,713 • $3,635,222
I.
M.
Int. on first-nuge. bonds
Laddon, C. T. Leigh, L. B. Manning; Donald N. McDonnell,
(retired
;
r1
'
R.
S.
Pruit, G. M. Williams, - H. Dalzell Wilson, Harry - Woodhead, v.in 1940)
•'.v;l
69,410
requirements.
16,942,842
17,876,310
Other
68,599,712
157,037 "
accrued
; Deferred
;
68,599,713
-74,396,500
;
1,883,103
Interest laccrued.
Co.
'
Output—
weekly
craft,
^1
Federal
Taxes
of
holding
Transportation
proved—New Company Has 11 Plants—
145,873,845
40,831
the Springfield
of
the price.-
Consolidated Aircraft Corp.—Merger with Vultee
14,879,092
172,438,885 165,482,143 154,805,524
66,788,989
61.406,685 56,866,777
8,684,732
7,930,747
8,093,773
—/*..<
revenues'
oper.
130,17$8,1G2
772,509
809.059
41,334
-—--
Water*
(Incl, Subsidiaries)
1940
1939
154,081,929 147,738,799
17,506,563
16,970,787
—
Heating
Securities'
Transportation
for
shares
5.000
approve
——1——
payable
'.'Dividends
output of electric energy of subsidiaries
of this corporation adjusted to show general business-conditions
of
territory served for the week ended March
11, 1943 amounted to
235,259,082 as compared with 197,226,984 for the corresponding week
in 1942, an increase of 38,032,098 or 19.28%V. 157, p. 991.
Report—
Calendar Years
Account for
Income
Consolidated
to
return
of
issue
is
Weekly
The
Commonwealth Edison Co.—Annual
in
Corp.
entire
the
The SEC
-
•
capital.stock—
on
Long-term, debt
.
June
<•
.
stock
Premium
acquisition of 18,000 shares of Commonwealth's $6 preferred stock
by Transportation Securities on condition that the parent company
buy the stock within 15 days after consummation of the deal.
The
stock will be obtained from A. C. Allyn & Co., Inc., and the Equitable
authorized the granting of a new stock
option to Samuel J. Briskin for 13,133 shares of common stock at
$7,625 per share and the issuance of a warrant evidencing such stock
option.
Such option was granted on July 3, 1942, and was approved
at
the
annual
meeting of stockholders of the corporation held on
Jan.
11,
1943.—V.
157, p. 439.
On
Monday, March 22, 1943
Commonwealth & Southern Corp.-—-Deal Authorized-
granted to Samuel J. Briskin,
the exercise of an option
upon
employee, at approximately $13 per share, be extended so as
the listing of
the same number of shares upon exercise of
an
CHRONICLE
.
-
Net
40,295,934
40,564,609
38,233,702
34,130,759
income
operating
.Other Income—
....
111. Midland Rv. dividends--Chicago
&
Interest
34,713,398
11,542,523
66,799
—
funded debt
on
deductions
Other
.180,000
107,500
213,533
——
180,000
127,988.
593,093
180,000
116,944
541,422
38,734,735
-
income
Gross
Interest
180,000
107,500
295,139
----------
Other—-
'
•<
*
.
-
41,197,015
14,104,585
318,391
41,402,975
11,196.028
95,418
10,956,216
74,226
;
•
—
..
discount
of debt
Amort,
•
.
.
and
Int.
of
Cr504,026
1,500,000
1,500,000
Cr543,608 ;-Cr559,227
1,525,899
Cr375,470
———
——
209,020
1,500,000
expense
chgd.
construct.
pref. stks.
to
Dividends
on
subsidiaries
.
——
—-—***'
Earnings
share
per
stock
capital
on
Consolidated
$2.32
Sheet,
Balance
Dec.
■!//;,'
Assets—
$2.43
31
1941
1942
.
$
12,840,104
43,332,723
less————
or
244,816
tReceivables
...
.
Materials and
supplies—
tDebt
Other
and
discount
1,090,359
458,327
28,462,889
1,545,844
29,934,610
1,303,266
—
deferred
expense—,
charges
—
the
of
,
11
plants
of
■
company.
new
Executive
situated
are "
'/ Mr.
of $1.25 cumulative
shares of common stock.
Each /share of
Vultee common will be exchanged for 45/100 of a share of/the new
common.
Vultee's
present
$1.25 cumulative -convertible - preferred
stock will be exchanged share for, share for the new preferred stock,
which- will be convertible into
lYa
shares of * the new* common.—
V.
157,
439.
p.
have
and
will
remain
216,729
Liabilities—•
debt
Accounts
---x----
interest
Accrued
taxes
Depreciation
Earned
2,599,451
1,644,049
—-———
—
———————
--
1.929,474
1,093,263
/ 153,952,405 143,127,954
reserve
——
reserve--—--—^—
of
construction,——-
aid
in
surplus
3,000,000
1,937,473
—
increase
an
;F'
..
45,031,844
915,693,440 875,134,337
----—---—.-———————
of. Chicago & Illinois Midland Ry. subsidiary
consolidated,
tAfter reserve of $1,625,339 in 1942 and
$1,685,339 in
1941.
iApplicable principally to refunded issues and
being amortized over lives of refunding or refunded issues.
"Includes
$6,608,500
not
company
Account
Income
for
Years
Calendar
1
..
(Company
Only)
1940
'
1941
1942
1
'•)< Accounts
Other
1939
(electric)— 110,005,901 107,162,061 101,416,619
Operation
44,185,447
41,012,097 39,370,742
Maintenance
5,033,973
4,610,541
4,872,090
oper,
revs,
——
local
State,
F/
4,988,838
misc.
and
15,831,819
10,205,000
15,256,968
8,799,000
Federal
prof, taxes
depreciation.
2,310,000
12,505,140
4,466,000
10,597,265
10,342,068
Charske
Mr.
19.934,522
10.734,824
22,420,190
12,215,310
24,132,646
24,533,713
12,937,249
9,459,496
30,669,346
34,635,500^
8,144,816
45,181
37,069,895
Prov.
exc.
for
Net
operating
income
Other
——
income
Gross
Interest
and
to
also
v
of
Chairman
income
Dividends
•
director
a
and
'
^
member
of
the
Capital
"
'
executive
•
—V.
'
.
'
•
.
'
1942
—
210,790,215 212,950,835
26,385,673
Deposits for matured debt and interest
Government obligations, at cost—-.
tReceivables
142,901
37,090,844
deferred charges
15.780,211
326,567
16,501,932
1,172,857
—
9,785,134
740,542
"Debt discount and expense
11.590,033
8,134,434
Prepaid insurance, taxes and other expenses—
18,400,000
9,371,269
*
supplies, priced at average cost—
900,555
Capital stock
Funded
and
Light
Power
Co.
of
1941
1940
$35,938,999 $32,662,834 $28,920,963
10,502,929
9,662,672
9,428,372
heating operating revenues-.
917,528
•
777,959
846,593
264,785,400
Accounts
payable—
Matured
debt and interest
241,636
————
1
Accrued taxes
Customers'
142.901
1,722,232
24,782,738
deposits
1.009.2G3
327,782
101,780,711
95,991,114
1,850,000
1,850,000
756,526
I_
Depreciation
reserve —
insurance and casualty reserve——
Contributions in aid of construction—
surplus
23,722,788
1,509,586
1,155,178
—
Sundry current and deferred liabilities
Earned
3,845,643
'
2,031,449
-
853,669
41,633,436
-
41,131,836
!.
"Applicable
760.837,050 729,272,885
to
refunding issues,
refunded
issues
and
being
amortized
f After reserve.—V. 157, p. 689.
over
lives
Surplus
ii
1
1
$1.321.396
1,118,470
360.070
-
———
—*
*
—
689.
p.
/' 671,494
__—////__^*—;/_i*/6,037,881 '
>/*';
;
</■
4,808,012
$26,804,502
$24,537,769
"V
/-<■ V
--—
7,184,912
8,805,847
Other
income
income
The
463,548
bonds—2,421,495
$9,255,279
,2,472,732
Copperweld Steel Co.—Vice-President Appointed—
and
amort,
deductions
Other
on
102,003
81,164
$6,701,383
Corroon & Reynolds.
to
reserve—
pension
$6,178,286
1,278,917
for
per
the
share
year—
on
common—
Consolidated
Balance
$1,219,837
$4.64
1
Cash
and
!
—'
working
'
-
*
!
-
funds—'—:—.
Special deposits
—
:
.—
investments-Accounts, rents and notes receivable
Temporary
Interest
cash
and
Materials
dividends
and
receivable-
Other
current
Deferred
—
-
and
and
.
accrued
fund
assets—
*
-
accounts
debits
-
the
!
,
r
Co,—Accumulated Dividend—
a
dividend
of $1.50
March 23.
per
share on
ac¬
stock, series A,
A distribution of $3
follows; Jan. 4, $2.50; and April 1, July 1
156, p. 2221..
' , ■
,
$1.75
on
the
7%
1. to holders
Cream
A
of Wheat Corp.—37
dividend
of
37/2
V2 -Cent Dividend—
cents per share
-
.
<
has been declared on the com¬
stock, par $2, payable April 1 to holders of record March 20.
distribution was made on Jan. 2, last, and compares with
A
similar
40
cents
per
cluding Oct.
1941
$
$
169,069,487 161,656,994
4,322,857
3,643,436
1,549,273
1,562,795
1,100,600
2,499,785
4,974,665
6,154,976
380,588
• 100,587
5,444,933
222,406
5,154,619
140.423
7,288,038
160,809
2,246,653
———194,537,208
!'
v
been
to
per share has been declared on
account qf
cumulative preferred stock, par $100, pay¬
of record March 20.
A like amount has been
paid each quarter since and including Oct. 1, 1940.
Arrearages as at
Jan. 4, 1943, amounted to $7 per share.—V, 156, p. 1148.
April
64,198
Creole
-
share paid each quarter from Jan. 2,
1, 1942.—V. 156, p. 2128.
190,512,504
Petroleum
1941, to and in¬
Corp.—Proposed Merger—
^
this corporation and of the Lago Petroleum Corp.
a
proposal for consolidating their prop¬
erties and operations, according to a letter sent to stockholders by
C,
H.
Lieb, President of both companies,, on March 11.
Such a
merger, he explained, would be permissible under the law which is
.expected to be enacted soon by Venezuela, where operations of both
"companies are centered.
;
■
1
Details of their consolidation have not yet been prepared, he said,
but
when
they are worked out they will be forwarded to stock¬
directors
The
have
under
of
consideration
holders.
Both
which
———L
has
Assistant
,
of
Total
'
of Sales,
and
Co.—Accumulated Dividend—
of
dividend
able
$4.41
31,743
7,279,847
supplies
Prepayments
1, $1.50 each.—V.
Courier Post
$946,098
Sheet, Dec. 31
Oct.
accumulations
4,202,629
1942
Asset's***""*"*
Utility plant
Manager
sales
accumulations on the $6 cumulative preferred
Payments in 1942 were as
1,106,597
4,202,629
$696,740
$4.20
-*****-.
1,278.917
4,202,629
dividends
dividends
Balance
of
payable April 1 to holders of record
per share Was made on Jan. 2, last.
1,590,000
income
Net
Preferred
General
charge
directors. have declared
The
count of
$6,255,324
————
—
Appropriation
formerly
Mcllvane,
J.
Vice-President in
President.—V. 156, p. 1950.
"
$8,846,718
2,345,310
246,084
*
April 1 to holders of record March 15, • Payments
as follows:
April 1; July 1 and Oct. I, $2.62/2 each,
$7.621/2,—V. 156, p. 1148.; ;
. "
:t
appointed
A
Interest
consists of 2,853,971
were
29,
V.
.*
:'!-
payable
year
Dec.
660,190
$10,291,783
income
Gross
:
directors have declared a dividend of $2.62V2 per share on
of
accumulations on the 6%%
cumulative preferred stock,
$100,
par
6,200,237
786,754
*
in 1940 $21,000,000 of 3% debentures due in
used to retire its entire issue Of $4.50 pre¬
and accrued dividends on Jan. 2,
1941.Tl)e
were
$110
at
and
$8,791,731' $8,186,528
$9,505,030
——
—————
:F'
.//"/F/'""'/! ■ !!
proceeds
last
•
—
—
——————
Privately
company sold late
account
and
Investment
Total
.
(Peter) Cooper Corporations.—Accrued Dividend—
■
*$47,359,456 $43,103,465 $39,195,928
24,735,534
22,518,863
20,940,150
;
4,313,046
4,607,959
3,869,013
revenues-
—
240,807,400
2,247,847
*—
—
Accrued interest
.
•'*-
-
1,048,981
taxes, interest; etc/-*/
income taxes—-——'
revenues
expenses
Taxes
317,965,400 317,965,400
*
"
.
$26,804,502
__t-—$1,154,353
•
stock
revenues___^
operating
Earnings
($25 par)
debt
•
ferred
mon
760,837,050 729,272,885
Liabilities-
'
<
227,151
v
15,625,060
The
agent, 201 South La Salle
l/.-'1942
operating
operating
Common
Total|
-
"
.
stock ^/——/—*/,—_^//—-*-/'^' 15,625,060
surplus :://,//l/-//t„_/*i//J./////*/*//*/''f/'/ 671,494
157,
The
32,061,698
241,636
—
'
*
-
.
2,900,000
William
Calendar Years—
Electric
Operating
15,085,404
cost or less
Cash
ii l
.;
wages,
Federal
1965.
—_
deposit with trustees
Cash and U. S. Government obligationsat
Electric
Gas
Depreciation
$
/*__—fw,
purposes,
.
Operating
1941
$
367,664
17,510.429
,
—Company announces that it has sold privately to ;a
'group of life insurance companies,, an additional $14r000,000 of 3% sinking fund debentures maturing Dec. 1,
•1965, through arrangements made by Goldman, Sachs
& Co.
The proceeds are to be used for general corporate
Bait.—Annual Report—
Total
435,848,917 426,392,417
'.—
195,048
220,813
135,134
.
company has no other funded debt.
Its capital
/•.common shares.—V. 157, p. 991/F>FF'F-'';
1956, at prices not to exceed 100 and interest to exhaust
fund of $150,000.
On bonds accepted, interest will cease
after April 7, 1943,—V, 156, p. 2305,
1
'
./.V;.'
30,
15,804,601
22,079,960
4,340,712
*/ 361,000 !
investments—/.—^
Continental Can Co., Inc.—Sells Debentures
157, p. 991.
sinking
Steam
(Company Only)
Inc., sinking fund
Co.,
Stuart &
accrue
Gas
on
Other
to
326,100
_
Materials and
the
22,611,286
Assets—
U. S.
June
501,533
Property, plant and equipment
Investments,
Halsey,
28,372,320
22,890,944
3,108,880
3,199,667 <
/.—„/
Total-
/.
com-
St., Chicago, 111., will, up to the close of business March 31, 1943, re¬
ceive sealed tenders to retire sufficient first mortgage 5% bonds due
400,000
Sheet, Dec. 31
2,380,611;
-
refund-*—I*///*//-
$1,249,665
■< *1—
/ 285,870
,
"/•
1941
.»•
$1,216,063
debt
/ Earned
Consolidated Vultee Aircraft Corp.—Formed Through
26.095,503
20,349,786
—
1942.
reserves'-/ /
patents—
payable
for
Capital
Merger of Consolidated and Vultee Aircraft Companies.
See Consolidated Aircraft Corp.
■'%
v/.:,-
435,600
—
Balance
Cash
<.'/'
and
V"
;
81 4Vy,-
.
.
salaries,
-Funded
the
pany's subsidiaries and a trustee of Brooklyn Trust Co.—V.
21,587,086
struction—€r
Net
786,095
• •
receivable—less
.
Liabilities—
Accrued
American
Consolidated
749,900
/'•>•/
con-
refund,
.,
notes
and
/Accounts
and Herbert E. Smith,
Co.,
is
/•„; •'
•,.,
post-war
::./- Total','//L/—-/*-*—*^L-*- $24,537,769
Consumers Co. of Illinois.—Tenders—
' 33,993,209
8,384,628
10,685,646
64,580
236,882
750,000
750,000
——
chgd.
$601,000
buildings, machinery, etc. met)-*-/*/--- /16,676.248
charges ———i/—„—v. 283,175
Goodwill
pf the Guaranty Trust Co. of New York and the Western Union
Co., a trustee and member of the executive committee of
Surety Co. of New York and a director of the Railway
Express Agency, Inc.
In addition to being President of the United
States Rubber Co., Mr. Smith is Chairman of the executive commit¬
tee and ,a member of the finance committee, President and director of
the
United
States Rubber Export Co., Ltd.,
and the United States
Rubber Co. of Denmark; a director of a number of the parent com¬
—
disct.
expense
Interest
8,731,123
36,737
charges.
debt
of
Amortiz.
debt
funded
on
interest
Other
—
and
$2.85
.
Telegraph
the
9,991,602
income
taxes
Federal
15,427,073
6,272,000
14,613,655
4,233,629
;
Federal income taxes—
of
v.
receivables
Reserve
resigned.
have
who
Day,
96,333,146
37,971,709
-
-
•
•
Deferred
'-"(J}-j'1,
,
-V.-'v-Vr
1,171.819
-
-
..
Charske,
Pacific RR.
Union
1,171.879
$2.98
•
-'iV-'-M, /
. /•'
'■
,'vCash in.banks and on hand——*/——
is U.
S. iTreas.: notes and war bonds————
ftiittee
Total
//,:;. •
'•
/ Inventories
.
W.
414,000
$2,227,682
Consolidated' Balance' Sheet,'-'Dec.
i
Assets—•
executive committee of the
President of the United
States Rubber Co., have been elected trustees of Consolidated Edison
Co. of New York, Inc., succeeding Frederick H. Ecker and Joseph P,
Fannin
3,228,000
$2,327,171
$27,176 for 1942, $12,099 for 1941 and $11,138
deduction
/'
March
on
5,447.000
$2,401,748
surplus
earn,
after
tNet
New Trustees Elected—
3.000,000
1,799,260
45,568,918
casualty
and
carried to
"Includes depletion of
for'' 1940.
•
152,900,000 kwh. for the corresponding week of last year,
of 5.0%
y/
pared with
deferred liabilities—-—
Sundry current and
Contributions
261,662
2,450,526
32,438,949
——
and
•
paid on common stocks >1,17L879
Earnings^pershare-—$3.07
unchanged.
400,000 kwh. for the corresponding week of 1942, an increase of 9.2%,
Local distribution of electricity amounted to 160,500,000 kwh./ com¬
5,087,421
244,816
2,764,878
37,539,609
-—.
Customers' deposits
Insurance
2,989,140
./*/*
interest--———
and
Accrued
Match
345,013,400 321,035,400
-
payable
debt
Matured
tricity
317,965,400 317,965,400
T-:—188,476
198,609
Minority interests
Funded
'
•
Net prof,
Land,
company
57 512
loans.--^/*/,/
disct.
/Dividends
17 announced that system output' of elec¬
(electricity generated and purchased)
for the week ending
14, 1943, amounting to 168,600,000 kwh., compared with 154,-
The
($25 par)—--—
Capital stock
of -debt
F Post-war excess profits tax
915,693,440 875,134,337
-
/ ----*/<
1940)
/ Prov, for Fed. excess profits taxes;.
/■■"'-
Consolidated Edison Co. of New York, Inc.—Output—
Total
in
///^ 34,136 A/ * 90,140
" 66^552
exp,—Zi!y*/;*—*v"!i!/'!' 15 542
/ . Other
interest,
etc.—;»/**-—*—^■■/-"i«. 2,496 • ■
2,396
; %
11,524
Prov. for Fed. normal taxes—_/
733,000/- 1,187,000 - ' 773,060
,,,;
.
(retired
bank
term
on
Amort,
1,385,933
stock
common
debentures
on
Int.
Vice-President.
.
Int.
shares
will
stock
Vultee
preferred
Consolidated
21,530,000
16,977,807
18,226,703
.
Prepaid insurance, taxes and other expenses—
'v
Executive
Chief
be
Vultee's
Consolidated
convertible
261,662
50,599,652
—.—;—.—.13,415,332
—--15,637,091
Deposits for matured debt and interest—
U. S. Government obligations—at cost——
directors
were
in San Diego,, Ft.
Worth, Tex.; New Orleans, La.; Tucson,' Ariz.; Elizabeth City, N. C.;
Downey, Calif.; Nashville, Tenn.; Wayne, Mich.; Allentown, Pal; Louis¬
ville, Ky., and Miami, Fla.
Consolidated also has the Stout Research
Division at Dearborn, Mich.
1
'
■
:
•••<-'
•
Fj
^
11,649,979
32,987,529
cost
will
Consolidated
730,039,678
229,457
————————
Schorlemmer
Mr.
Woodhead will be President and Mr. Laddon,
■
"Investments—at
:
Vultee.
of
Girdler
Mr.
and
Emanuel
of
Vice-President
Schorlemmer.
C.
V.
Vultee, or both, prior to the merger,
Mr. Emanuel
the Aviation Corp. and Mr. Schorlemmer has been a
or
President
is
and
Mr.
Consolidated
15,804,601
Property, plant and equipment.-——_——744,779,497
Cash on deposit with trustees——————195,048
Cash and U. S. Govt, obligations————
15,085,404
Cash
but
All
25,414,590
$2.10
Emanuel
Victor
's
•*
■
$1.74
——
29,170,756
22,078,960
26.747,901
22,890,944
22,108,102
20,349,786
Consol. net income-.*
Dividends
4
-
75%
companies
owns
are
virtually
controlled by Standard Oil Co. of New
the outstanding stock of Lago and
156, p. 1772.
all
of that of Creole.—V.
Jersey,
almost
Volume
THE COMMERCIAL
Number 4161
157
& FINANCIAL CHRONICLE
1079
'
Crane Co.—Annual Report—"
'(Including:
i
Dennison
>'•
•i-
'
•
•
•.
••
"'•
•
■;
•'
1942
•
'
' '
/'
allowances—";
,
\
%
'
,
i'
1941 \
(
.
$
...
Gross sales, less returns &
Sales
■•••
•
' '
30
subsid.arieS—C-5./" '745,247 ." 1,201,205
902,135
foreign
Total
stock
"■&
for
The
79,066,835
Income -
Cash
toss
disc,
disposal
on
"Net
of
$3
excess
entitled
is
to
payable
fully
a
dividend
first day 'of
cumulative
2,652,813
1',208,917
Since
229,553
16,404
11,138
'52,272
1,068,390
841,654
364,780
9,118
35,134
11,656
33,728
66,372
53,734
V.
.
assets*
'
19,451,379
1,517,348
ended
7,727,819
'
4,000,000
/•
'
to
per
dividends
Patents,
been
have
♦Land,
additional cumulative
an
N.
(less
Amt. of prof.transf. to earn, surp.
;
5''
on
Divs.
Earns,
pfd.
cum.
be
Co.,
Y.—V.
declared
taxes
Dividend
have
31,
Denver,
Colo.,
6f/f
payment
for
at
sh.
per
of
$1.64
foreign
subsidiaries and before
964,015
;
2,348,626
*——_.'
stock--
common
of
and
the
Co.
Light
Des
1941.
;
"Exclusive
Federal
dividends
income
ceived
for
of
in
and
debt
earnings
ret.rement
of
($600,000 •
Consolidated
;
from
taxes,
profits
excess
from
1941
received
Balance
prior
and
tlncluding
of
Moines
Des
Electric
Moines
Light
'the
to
Co.
31
Dec.
(Incl.
U.
S.
announced,
United
the
and
re¬
Commission.
,.-'.•
of
Assets
with
'
the
book
a
'
•
•
of
stock
pret.
3.145,500
15,000,000
11,337,500
3,692,289
$25
(par
stock
3,523;691
......
$37,416,603 $34,852,372
for depreciation
reserve
shares of
no
of $2,716,320 in
value.—-V,
par
1942
157,
and $2,758,443
in
520.
p.
Manufacturing Co. (& Subs.)—Quarterly Re¬
Light &
Co.
Power
sales
January 31—
1943
;
.
was
$4,345/156
10,860,412
Gross
profit
3,037,509
$2,473,627
662,141
$1,307,647
$1,811,486
$759,461
3,411
.....
4,006
.....
Selling, engin., general and admin,
the Securities and Exchange
71942
$13,334,039
.*_*_.
♦Cost of goods sold....*
Power
expenses.
548,186
•
two'Des
value
450.000
3,474.981
15,000,000
...
cartic.
t700,000
Net
Light—
Iowa
•
The transaction is subject to approval by
iAfter deducting credit
refund ($1,676,571).
years..
post-war
Sheet
$664,762.08
recent.y
$30,734
1,364,947
450,000
11,337,500
and
Dresser
■
V
$28,892
3,432,940
stock..
port—
Des Moines Electric Light Co.—Sold to United
Sale
1
1,234,630
$37,416,603 $34,852,372
...
*..——
♦Less
the
mortgage gold bonds.
Pay¬
April 1, 1943, at the International
the Bankers Trust Co., New York,
863.
p.
437,296
1
1,034,954
-
...
preferred
on
surplus
Total
6%
-of
4,797,064
380,916
etc..,
(estimated)
*
cumul.
tCommon
income
after
or
interest
an
the
on
and
3,167,774
155,547
4,996,946
■
declared
1942,
on
3,165,578
..
controlled )_
_L
payable
Reserves
Earned
made
11,365,532
operat.ons
payable
Accrued
the regular
■
4.973,564
10,697,874
...
(not
v..r
Accounts
Salt Lake Ry.—Interest Payment—
157,
—
3,727,819
5,134,850
964,015 /
964,015
2,384,628
1,878,'903
$1.18
$1.77
' 4,824,603
stock——
stock
common
on
depletion)
cos.
132,021
5,010,672
credit
to
71.507
,
:*
rights, trade-marks, good will,
buildings and machinery...
3 Months Ended
Divs.
..
Liabilities—
dividend
sufficient, this dividend has been dociared
were
5,846* 858
.... .*
./
reserve)
•
charges
$2,«9<,630
3,000,000
6,900,944
taxes..
^
(less
tax
1941
$2,001,664
._
payment of
Total
only if and to the extent
available in each year.
but
annum,
the
on
These
stock is also entitled
,...
Dec.
will
Trust
5,134,950
9,324,603
'4,500,000
—
2305.
p.
...The 'directors
year
'
-quarterly
November,
earnings for such
also
Denver &
8,162,692
and
share
per
net
directors
ment
Net profit'—
Approp. to res. foT conting.—
$3
are
earnings in 1942
156,
Cr374,345
4,425,533
annum,
,
of
there
The
6,277,853
0864,865
***/*—-.*——-—
Can. subsidiary---
per
May,. August
due.
above.
as
389,277
post-war
Deferred
quarterly dividends of $2 per
share ori the debenture stock and of 75 'cents per share on the prior
preferred'stock, both payable May 1 >to holders of record April 20.—
-per
as
The prior preferred
819,143
'
31.545,726
Cr810,811
tiecl. val. exc. prof, tax " 2,542,673
profits taxes——_**_* 1:20,489,261
Fed. Inc. &
Fed.
share
stock
1,946,440
paid
S.
U.
for
securities
receivable
Inventory
Standing timber
156,
offices
receivable
Accounts
the A common
the company paid
that
•
from
rec.
Notes
on
209,971
fixed
of
Marketable
per
stock.—V.
bonds—reserved
S.
and
Investments in associated
prior preferred
dividend
& exp.*_*_——
deductions
profit
tDivs.
cents
8,358,487/
Minor, stkhs.' Jnt, in net inc. of subs.
:'
paid
30
22,581,670
1,207,872
*/—1**/*/.*.—*—-!
debt
Miscellaneous
of
dividend nf
April 1 vo
a
of
21,485,444
1,096,226
1——1—
paid
of
stock were
A common
and
payable
both
distribution
1,870,901"
discount,on -sales-'-——I—-
Amort.
initial
An
1942
year
stock,
common
7,539,344
34,328,280
profit-*—**!•——■
income
Interest
in
1 'i
A
22.
1,986,890
«' 2,574,867
amort.*—_'__
'
Total
the
on
March
31
Dec.
Sheet,
1942
banks
in
U.
share on the prior
per
35,536,151
and
de-vec.
operatnig
Other
of $3
15, last year, while on April 1, 1942,
$3 per share on the prior preferred
May
February,
Net
dividend
a
2305..L.
p.
134,837,115 114,427,681
orr
dividend
a
admin,
selling,
expenses
gen.
Prov,
incl.
88,477,081
137,900,015
—li—— -171,"740,261
_i— *
of'sales,
share
pf ."record
share In. cash and
•
Cost
vents; per
holders
87.574,946
Sales -to
declared
preferred stock from the earnings of the
7
$
;
'
.•
;•
director's have
The
1940
••
customers———/i; 170,995,015 136,698.810
to
Consolidated Balance
•
Assets—
Cash
-
■Calendar Years—
Mfg. €o.—To Pay $3 Prior Pfd. Dividend
Sd-Cent Common Dividend—
and
States)
in the United
Subsidiaries
Moines
companies
$40,000,000.—V. 144,
Operating
$38,000,000,
given as
were
Interest
p. 3669.
profit
earned;
Miscellaneous
Subs.)
..
......
income
22,257
7,955
$1,837,154
$771,422
"
Assets—
'
-
Cash
;Ji—
U.
Government
S.
/
—
securit
1942
.
,
share
192,400
19,123,658
record M&rch
;28,638,058
32.9b5.83D
88,281
116,112
(net)--—*-—-
Inventories
.
Due from foreign subs, not consolidated—*—
Investments in foreign subs, not consolidated-*
Other
security
.
13,210,698
investments—*—*.„—I****——- ,/.r. 39,902
investments—**_i.-**w--—_**_-**—
338,662
post-war refund of excess profits taxes-*—*- / 1,676,571
Land, land Improvements and leases—6,740,073
<
/Buildings (net)
Machinery and
*.*_--***-.____-*.-**il*—_:r-**
19,097,180
15,452,137
to
463,471
——*
Referred -charges
341,325
be
for
met
of
30
April
15
to
payable
disbursed
15,
30
Jan.
last.
15,
and April 15,
15
cents
Other
per
holders
Marshall,
James
.
16
approved
which will
at
65
age
from
payments
become
retirement
a
effective
and the
earnings.
of
costs
The
Liabilities-—
"// /./
payable
./.,//;
and
>■>•//•/•'.% ...■/,/■'•/
accrued
payrolls*-*.*-*
7,302,485
general, Federal income taxes——*./. 5.312,252
("Accrued
Accrued interest on long-term
Sinking fund payment
debt———1_*
***-_***
Long-term debt
Minority interest in subsidiary
*
45,000
>
//. •In
'
%
_*
the
plan, A.
the payroll.
President, estimated, would be about 7% of
Parker, Vice-President and Chief Engineer,
General Manager.—V, 157, p. 815.
W.
8,000,000
of
planning,
this
Planning
Board
729756
725,244
8,720,319
4,265,850
cumulative convertible preferred stock——
Stock (par $25)—*——*———:.
58,715,700
brush
i 9,500,000
companies—
deferred credits*-*-
accordance with
sociation
55,316
334,000
and
C.
the
corporation
to
study
industries after
The
recent
Manufacturers
recommendation
undertake
to
the
announces
prospects
the
a
and
the
of
National
formation
a
possibilities
three-man
the
for
paint
58.715,-700
.1,502,676
pany as well as
Earned
surplus;-«—-*—_*—***—**—.;*—*;/ 11,196,622
9,703,900
120,804,310
120.861,677
19,280,300
*
//'.■Total
"Includes
'■■
and
excess
profits tax and
deduct'on
a
of
$22,196,003
$5,043,061 in 1941 for U. S. treasury tax note.—V.
in
The .tax
| The directors .-son March
•share,
made
were
at Jan,
as
-For
of
outstanding
recoTd
accident
1,136,442
man-hours
of
two
are
securities
of
Merit
and
"Smash
a
•
Liberty
Mutual.
According
to
-■
Mr.
pany's 'production
Schnering,
is
now
the
devoted
to
the
of
>
the
manufacture
of
com¬
armed
in
'
forces
and
connection
The
Curtiss
to
with
the
the
is
company
packaging
the
first
'awards, Mr. Lashmet said.—V.
156,
of
candy
for
products
food
other
for
"
effort;
war
candv
to
concern
win
/'.
The
share
directors
March 31
made
$2
11
authorized
non-cumulative
to ho'ders of record
March
on
March
on
the
on
$1.85
;//
$1.81
stock.
/
•
■
30
March 22.
and June 30,
a
class
dividend
stock,
30, -Sept.
156,
per
were
made
the
close
of
.
Lehman Brothers acted
serial notes.
as agent for Dayarranging the financing. The Chase Na¬
tional Bank was appointed as trustee under the inden¬
ture securing the debentures.
Current
S.
•
Dayton -Rubber
■Vee-shaped
'Company's
■
liabilities
amounted
of
one
the
country's
transmission
belts
largest
and
manufacturers
drives."
The
bulk
of
of the
with
currently is being devoted to the war effort.
In
regular products, the company is supplying the Govern¬
special rubber and metal parts for tanks and other combat
its
declared
15
a
dividend
of
$1
payable March
distributions were made
Similar
19.
Dec.
The
the
of
purpose
financing
debt. structure
[company's
and
to
was
raise
increaes
additional
the
life
funds
in
of
order
per
31
on
share
to
provide for tjie expanded capital requirements of the business result¬
from its increased volume.
Proceeds from the
new
financing
applied to the payment of $1,250,000 of bank loans due serially
ing
to
Get.
15,
•
1948,
the
and
balance
added
,
the
is
retirement
scheduled
1944.—V.
of
at
the
the
157, p.
debentures.
rate
of
to
the
begins
company's
March
1,
Repayment of the new
$150,000
annually
working
1947,
for
beginning
March
1,
Delaware, Lackawanna & Western RR.—Abandonment
The
SEC
on
Feb.
25
issued
a
certificate
permitting
abandonment
by
the company of its socalled Montrose branch line of railroad ex¬
tending from a connection with the main line at Alford Junction to
•
the
end
of
the
branch
at
Montrose,
.Susquehanna County, Fa.—V. 157,
p.
approximately
863.
9.93
miles,
in
sinking fund
year
6%-
of
five-year
for the purpose of considering and If deemed
extraordinary resolution directing the trustee to
with the company with substantially the fol¬
or
of them:
any
semi-annual
principal
sinking
fund
payment
due
-on
be waived.
commencing
with
the
payment
due on Aug.
15,
1943,
semi-annual principal sinking fund pay¬
making
action
no
payments.
addition
defined)
'
tp
■
the
to
payment
Drillers
of
on
ation
a
156,
p.
salary dividend
of 6%
of
the
of
the
said
semi-annual
principal
&
Producers
Ltd.
and
Newell
&
Chandler
since
y. 146, p.
or
the
on
by the
earnings,
all
from
and
income
sums
and
included
excess
in
realization
of
the
the
total
profits
so
taxes
said
earnings
investments and/or
companies
on March 31, 1943
(less any
payable thereon) and a sum equal to
sinking fund and interest payments made
profits
taxes
principal
sinking fund during such
stated
the l(/o
G%
Carpenter/ President,
that
last
of
sales
ahead
expected
Jan.
1, 1938, when a quarterly of $1.75 per share
Arrearages as at Jan. 2, 1943, amounted to $35 per share.—
2040.
paid.
from
held
excess
the
all
and
semi-annual
W. B.
dividend of $5.25 per share on account
preferred stock, .par $100, payable April 1
record March 20,
This is the first, payment to be made
this
wells
from
deducted
fiscal
year.
(E. I.) flu Pont de Nemours & Co., Inc.—Sales—
Cincinnati—$5.25 Preferred Dividend
holders'of
be
year,
income
in
and
the
to
deducted
shall
such
as
income
directors have (declared a
issue
for
interests
1951.
Drug Co.,
there
payable
realized
and
wage
allowance
obtained
of
be
to
for
last
year.
the
after the annual
first
two
but
year,
months
that
approximately
the
sales
same
of
as
meeting held March 8,
1943
for
the
in
ran
approximately
entire
the
v-,, ■-:.v.".
*
,
.
quarter
comparable
/',?':■/.
were
quarter
•,,-•
Lamott
duPont, Chairman of the board of directors, stated In re¬
to a question by a stockholder, that the company was contin¬
its usual research with most of that research being directed
sponse
•
uing
Diamond Match Co.—Secondary Offerings—Blyth &
Co., Inc., on-March 15 offered as secondary distributions
2,500 shares 6%
cumulative participating preferred
stock (par $25) at 38% and 2,000 common shares (no
a
Discount to NASD members
share in /case of both issues.
Consolidated Income
for
Calendar
"the
uses
the
than
.■
w1'
Operating
Operating
1941
1940
$3,926,251
$3,562,644
$3,561/145
$3,567,448
1,672,973
1,373,963
199,076
212,009
226,287
1,186,408
237,987
/income. _*——_*v $2,136,282
$2,041,269
$1,962,394
$2,136,750
Provision
Provision
Federal.,,taxes, / 'etc.*
:
Depreciation / L-LL*--*
-Net
Preferred
dividends'
1939
Surplus
.Previous
Miscell.
450,000
450,000
450,000
1,050,000
1,050,000
1,050,000
$636,282
$541,269
3,523,691
5,135
——a
Amort,
of
3/434,173
3,466,833
|Dr5 0,263
*553,703
$4,165,108
—
Surplus,
Shares
Dec.
com.
31_____
stock
$3,983,005
$3,878,964
22,819
9,314
Cr5,209
$3,952,896
36,063
450,000
450,000
450,000
450,>000
Earned
$3,434,173
$3,466,833
Total
,
s
$3,692,289
$3,523,691
out¬
standing (no' par)___
Earnings per share
700,000
v $1.77
Other
$1.63
■
700.000
700,000
$1.52
$1.77
♦Consists of
for
Federal
(after U. S. post-war
inc.
Federal
Net
2,187,792
Income
excess
and
excess
profits
profits tax credit).
taxes
of
$2,856,610
Int.
•2,602,065
2,590,479
3,725,000
4,183,500
700,000
647,100
'taxes
revenue
!
$13,823,083 $12,492,347
$2,753,035
$2,622,475
*
income
on
—
*
beginning of period—
/*
J.—
1st
State
inc.
Misc.
direct
Earned
*
pref.
dividends
Inc.
tax
settlement
settlement
items
1936
(net)
1934
and
■
surplus
♦Preliminary.—V.
$9,869,872
11,340,987
$22,509,845 $21,210,859
to
1937
1937—
1,375,000
8,611,312
!___
tax
$11,070,048
11,439,798
1,375,000
dividends
Fed.
690
$13,710,022 $12,380,858
113,060
111,489
deductions
cum.
■3,670,283
690
income
Common
2,343,898
4,036,492
adjustments
for State -income
surplus,
1941
,_**-,/lii-.*****_
taxes)
Income
income
Gross
5%
700,000
$526,956 transfer from unrequired reserves created from
earnings of prior years and $26,752 miscellaneous adjustments.
tConsists of $66,862 miscellaneous
adjustments less $16,599 transfer from
•unrequired reserves, created from earnings of prior years,
tlncludes
provision
acquisition
•2,762,438
7,563
Income
Balance
Sundry tax adjustments.
Aocr. pref. divs. payable
than
for
operating
$636,750
*
changed rather
$40,364,920 $37,925,264
13,402,858
12,108.455
**___'
utility plant
-(other
$462,394
surplus
surplus adjust.
have
♦1942
revenues
expenses
1,050,000
—
—
to which company's products are put
products themselves."—V.l 157, p. *691.
and repairs
„_*'*:
fcr retirement reserve______*
Approp.
Net
.
stated that appropriate reserves were
contingencies and that the problem -of
Maintenance
Taxes
■'/ 450,000
___
also
Years End. -Dec. 31—
1942
all/sources
He
post-war
Duquesne Light Co.—Earnings—
•
Years
$5,902,806
Farns. .from
effort.
to meet
35 cents
/,
•
Account
was
war
being set up
•changing back to peace-time work would be comparatively simple since
,
par) at 31%.
the
toward
serial notes
343.
five
holders
fiscal year ending March 31, 1944 and 1945
To -compute such surplus there shall be added to the met
earnings for the fiscal year as shown by the consolidated statement
•of such earnings as prepared by the
companies' auditors, all depreci¬
31,
,were
•'capital for general corporate purposes.
A
sinking fund of $150,000 .annually
6 '■«
$23,893,75
In
herein
holders
March
the
to
of
meeting of the
sinking fund payment and the debenture interest the company will on
in each of the years .1944 and 1945 pay into the
sinking fund
«,n amount equal
to 50'fr of the net realized consolidated surplus (as
last year.
23,
declared
also
Common: dividends
vehicles.■"
holders
A
Aug. 15
to
output
addition >to
ment
is
industrial
-
$43,500,000!
than
more
up
to and including Aug, 15,
1945, the trustee
to enforce
the provisions of
the trust deed by
only of the non-payment of the full semi-annual principal sink¬
(c)
Government
accumulations on
ton Rubber in
,
to
said:
sin
company
of
take
ing 'fund
,000
Financing—It was announced March 18 that the
company has completed arrangements for $2,500,000 of
financing.' The Equitable Life Assurance Society of the
iUnited States purchased $2,050,000 of f 15-year 4% de¬
bentures, due March 1, 1958, and The First National
Bank of Chicago advanced $450,000 on
one-to-three-year
1943,
the
reason
shows' current
1942
to
were
Dayton Rubber Manufacturing Co.—Arranges $2,500,-
to
Ltd., for those companies'
March
30 and
directors
The
1862.
p.
$605,378
of
payable
each
postwar refund,
share.
agreement
the
That
shall
on
$1,
Distributions of
last year.—V.
cents
50
of
includes cash and U.
$1,440,783.
15,
Upon
first quarter's
compensation in 1943 from current profits to
employees actively employed by the company on March 31, 1943.
Three, six, nine and twelve months ago, a similar distribution was
Dow
of
par
additions
balance sheet ^it
on
March
declared.—V.
A
a-n
That
ments
/""■V/////// //;./,
Dixon Crucible Co,—$l Dividend, etc.—
directors
The
was
;
$2.57
notice
a
22
deed,
passing
into
(b)
those
Curtiss-Wright Corp.—50-Cent Dividend—
•
$502,751
their
>:■"/ " ' /::
these two
2128.
p.
$126,871
a
amounted
1940
$757,845
outstanding $5,000,000 capital stock,
June
.
•the
•use
1941
$533 263
plant
net
$3,921,396, .which
(Joseph)
The
the
of .record
the
1
•respectively.
.'
largest-percentage
in
trust
advisable
v,
aggregating
March
at
,
Feb.
on
debenture
-including facilities for the production of thernioplastic
balloons, dispersing agents, special resins, and syn¬
totaling
$0.89
$147,637
& Producers, Ltd^ Calgary,
Alta., Canada—
1943, Sinking Fund Instalment May Be Waived
company
enter
;$1,277,658.—V. 157, p. 863.
'7th Column" award and will be presented to Otto Schnering, President
•of the Curtiss company, by Earl N.
Lashmet, Resident Vice-President
'of
common
that
conso-lidated
assets
from
Certificate
a -
notes
1942,
The
work
soon
awards
Teport
during
.
of
The
Feb.
coatings, military
thetic rubbers.
employees
(Chicago, 111.,
The
295,317 shares of
The
Candy Co. of Chicago.—To Receive Awards—
lost-time
a
300
"On
.
$'299,692
to
amounted
sinking fund debentures will be held at The Trusts & Guarantee
Co,,
Ltd., Calgary, Alberta, on March 15, pursuant to the terms of the
(a)
1942
pro.it after charges and taxes_
"Earnings per share__
May 8, 1940, to June 20, 1942,
of this company's plant No. 1, 750 Briar Place,
will receive two efficiency awards from the Liberty
Mutual-Insuranoe Co., it was officially announced.
•the
'/.
Net
declared a dividend of 10 cents per
par value/on account of accumulations,
record March 22.
Similar distributions
amortization
690.
p.
debentures
/.
.
Dewey & Almy Chemical Co.—Earnings—
on
their
•■without
no
1 to holders
157,
lowing provisions
April 1, July 1, Oct. 1 and Dec, 30, 1942.
Arrearages
1, 1943, amounted to $3.80 per share.—V. 157, p. 2221.
Curtiss
;
15
the class A stock,
on
•payable April
members of the Executive Coihmittee.
Calendar Years—
and
Drillers
156, p. 2221.
Crown Cork International Corp.—I0-Cen-t Dividend—
$518,077
share.....$1.55
depreciation
provisions, after giving effect to
to $1,254,918, equals $3.75 per
Feb, 15,
Employees of the company will be invited to submit ideas and plans
/which will help the Board to analyze the problems that will face
-these industries after
the
pressure
of war production is
removed.
•Suggestions from the public also will be received.—V. 157, p. 690.
/
/•.
new
:
1942
common
for
$84,833
—V.
President
19,280,300
Crl26,871
(est.)
...........
per
/','//- Backlog of orders
and
1,502,376
—*
taxes
war.
surplus
5'/v
Common
•6,505
taxes....
profits
profit
amounting
long-term
of
income
excess
.period includes results of operations of Bovaird &
Seyfang Manufactur¬
ing Co, since Jan. 1, 1942 (date of acquisition).
As¬
of
program
Capital
and
reserves
of
308,710
value
......
respectively for the three months ended Jan. 31, 1943,
and the three months ended Jan.
31, 1942.
tTaxes on income were
computed under rates existing at the end of January, 1943 and
January,
1942, that is, under 1942 rates and 1941 rates
respectively.
JThis
elected
was
Planning Board will consist of W. H. Mathews, Vicein
charge of trade sales division, as Chairman; Wm. C.
Dabney,-Vice-President in charge of industrial, railroad and marine
divisions; and E. L.'Pangborn, Vice-President in charge of finance,
accounting and administration.
They are also directors of the com¬
Miscellaneous
State
6.837
149,678
5,9.58
declared
107,120
1,268.711
and
profits taxes...
and
♦Provision
are
Devoe & Raynolds Co., Inc.—Forms Planning Board—
7,151,834
> 9,426,856
surtax
taxes.........
refund
Earnings
1.
its 'operation
of
cost
Net
plan for the
The plan
April
Vice-President and
120,861,677
Accounts
64,159
normal,
excess
♦tCanadian
-
:<
•
profits
tFederal
35 cents each;
■,
deductions
excess
Pay¬
'
Total
income
tFederal
of
.
Jan.
on
cents.
March
on
retirement
by
286,992
„Lii_-:-**—*„—_/;—i:—120.804,310
dividend
a
$20,
was
follows:
as
Oct.
stockholders
provides
19,947,990
16,313,861
167,428
(net)
;
and
15
declared
par
amount
Total
Retirement Plan Voted—Official Promoted—
The
7,533,590
equipment
-construction
last year were
July
16
stock,
like
A
company's employees,
*—v.
.
March
on
capital
26.
■'
Post-war
40,831
277,013
•
the
on
ments
and
v
13,209,548
Other
Unfinished-
directors
10,390.382
1,498,992
22,858,788
10.656,-215
es**l**_*__L.—*^-W*
Accounts and notes receivable
Detroit Edison Co.—30-Cent Distribution—
/■•I
,
The
**—/ii*'
**^
1941
.
8,396,029
390,475
421,093
732
32
$11,711,234 $11,439,798
157,
p.
602.
FINANCIAL CHRONICLE
THE COMMERCIAL &
1080
East
Kootenay
Clross
$56,995
29,645 '
earnings
Operating expenses
$595,694
$623,876
251,116
$66,566
36,141
>
issued
1942—10 Mos.—1941
1943—Month—-1942
212,925
related
sent
by
$382,769
include income and excess profits
$27,350
—
not
Note—Operating expenses do
$372,760
$30,425
taxes.—V. 157, p. 520.
call
to
Okin
Mr.
is attempting
directors and
to the SEC, which obtained the injunction,
special stockholders' meeting to remove certain
according
Net earnings
false and misleading
the company and were contained in a letter
in an effort to obtain proxies.
The lawyer,
operations of
to
out
of a preliminary injunction
which the court declared to be
statements
The
12.
court on Jan.
the
by
the company. In violation
of
stockholders
Co., Ltd.—Earnings—
Power
Period End. Jan. 31—
a
replace them with others approved by Mr. Okin.
Judge Rifkin ordered Mr. Okin to send letters to all
correcting the objectionable statements,—V. 157, p. 816.
stockholders
Monday, March 22, 1943
would
be Sept. 1, 1971; (2) the simplification of the capital structure
through the elimination of a collateral trust issue; (3) a wider distri¬
of the applicant's securities thus facilitating the
opportunity
to purchase them for the sinking fund or for their
retirement, thereby
effecting debt reduction.
The call price for the series D bonds is
bution
also
lower
than
for
the
collateral
trust
notes.
Much testimony was presented as to the nature and effect of the
obligation which may have existed between' the applicant and Morgan
Stanley
&
collateral
Co.,
arising
trust
notes
of
out
the
on
applicant's
agreeing
to
Jan.
of
afternoon
1943,
29,
purchase
because
the
of
the
186,199
$229,287
revenues
Operation
$980,041
531,801
32,752
-
-
Maintenance
inc.
(incl.
Electric Auto-Lite
1943—12 Mos.-r-1942
$972,204 $10,942,952 $10,426,084
464,803
6,344,305
5,050,217
36,248
475,246
442,253
228,255
1,785,239
2,356,430
taxes)
$254,626
$245,492
$2,677,391
$2,731,068
■Retirement res. accruals
63,260
63,248
749,111
793,748
amortiz.—
41,051
36,753
461,848
434,659
3,992
12,228
15,546
—.
2,665
$147,650
$141,498
$1,454,202
payable April 1 to holders of record
previously reported).
Like amounts were
$5,
par
19.(not March 18 as
compared with 75 cents per
paid on July 1, Oct. 1 and Dec. 22, last,
in preceding quarters.—V.
157, p.
992.
share
$1,497,114
—
stock,
common
March
_
$2,338,161
339,229
11 declared a dividend of 50 cents per share
the
on
Net
operat.
rev
$242,896
*
25,339
inc.—net_„
Non-operat.
Interest
and
deductions
Misc.
the
on
declared a dividend of 25 cents per share
$5, payable April 1 to holders of record
on this issue during 1941 were as follows:
directors on March
The
Balance
Utilities Corp.—Resumes Div.—
Electric Household
153,885
stock,
common
March
and July 25 and Oct. 27, 15 cents
have been made since.—V. 155, p. 2276.
10 cents each,
and April 25,
each.
11
par
Distributions
22.
Jan. 25
No payments
about
3:30
p.m. on Feb. 3, 1943.
This testimony seems to have been
purpose of aiding in the determination of the question
during this period the applicant was so situated that it
could have accepted some other offer if it so elected.
adduced
from
the
initial
selling price, such as was said to have been the
applicant's issue of $18,000,000 of Ohio division first mortgage'
of
case
3%%
deducts.
dividend
l»fd.
•'
Co._—
E.
;
E. U.
to
.
.21,861
.
$1,397,600
$1,356,105
A.—
157, p. 602.
this
of
were
the
made
be
has been adjourned until
time in the preparation of its
,
Services Inc.—Weekly Input—
Ebasco
which
before
trustee
trustee, Buffalo, N. Y.,
bids for the sale to
Co.,
receive
1943
interest
12
tenders
o'clock
thereon
the
that
and
and
holders
will
accrued interest.
accepted must
15, 1943.
are
be
delivered
the
to
May
noon
District
24
lows:
June
record
of
24,
and
$4.50,
Oct.
30,
$7.50.
Arrearages
amounted to $25.50 per share.—V. 156, p.
1943,
at
as
Feb.
1,
1605.
Operating Subsidiaries of—
Power & Light Co
i-
Electric
Corp
Power & Light
National
figures
above
The
Light
&
Power
173,367
90,294
123,362
...
Co.
—
the
include
not
do
1943
V-.>;
.
American
Central)—
Park
representing the holders of general mortgage 4% %
to the bondholders recommending that they assent
to the company's plan of modification, as amended through the com¬
mittee's efforts, and that they deposit their bonds with Empire Trust
Co., d«n«sitary, according to Clermont Cartwright, chairman of the
committee
The
last
25
Vv"
: ''W'■
: ••
I■
has obtained a commitment for a new first mortgage
present first mortgage which matured Dec. 11, 1941, and
Is now subject to foreclosure, but this commitment is conditional on
the amended plan
of modification becoming effective by March 31,
committee.
The
/.
company
to replace the
1943.
.
.
•
.
..
Samuel
committee.—V.
155,
Broadway,
N.
Y.
secretary
is
City,
2456.
p.
/:
El Paso Natural Gas Co.
the
to
•;
of
ments
$744,578
$8,063,258
$6,691,934
——
234,127
186,939
2,331,717
1,857,343
25,784
26,876
241,683
293,292
Operation
Maintenance
—
report
Erie
Net
and
costs
1,017,700
739,660
1,755,931
1,215,187
$351,165
9,824
8,607
$2,586,453
110,322
$342,559
$2,605,906
$2,514,714
1,215
>
Dr9,358
77,174
10,322
—
71,739
;
income
$267,607 :
;
and
denied
was
and
but
they
cross-examine
application
expense
intervention
of
Chesapeake
Ohio
&
The
due Jan.
16,
1941,
evidence
to
loan
a
from
like amount which
a
the
Reconstruction
approved by
was
our
Finance
certificate
of Dec.
16, 1941.
These notes are secured by the pledge of $17,500,000
applicant's first consolidated mortgage 4% bonds, series B, also
of
authorized
Jan.
1,
the
by
1943,
and
Corporation
the
the
be
notes
lieu
In
been
the
applicant
of
a
To
the
which
be
to
are
of
first
of
and
D,
the
cancelled,
designated
of
therefor
security
the funds to
$14,000,000 of first
issue
to
series
acquisition
$17,500,000
as
part
procure
bonds
of
the
Upon
of
pledged
proposes
bonds
B
series
new
B,
3V2%
bonds,
the applicant.
series
the
created
by
release
series
cancelled.
mortgage
supplied
interest.
the
and
bonds,
be
would
consolidated
accrued
notes
trust
mortgage
bonds
would
and
103%
at
collateral
such
order of Dec. 16, 1941, and are redeemable after
prior to Jan. 1, 1945, at 105 and accrued interest.
made to purchase the notes from the Finance
were
first
as
remainder
there has,
consolidated
bonds, series D.
mately 3.85%.
393,226
1,699
14,487
34,360
81,409
$273,702
$2,096,880
1'
$2,137,862
8,632
8,632
103,579
103,579
$217,760
$265,071
$1,993,301
$2,034,283
require.
in the proceedings.
further
no
The objections of the interveners to granting
sell the bonds are substantially alike to wit:
authority
for
Balance
and
surplus
—:—
for
Note—Provision
•
tax is
surtax
tax,
and
excess
profits
follows:
as
excess
issue
of
only one investment banker to purchase the bonds was
accepted while another group of investment bankers,
offer
considered
learning
upon
1942—12 Mos.—1941
for
$827,223
53,733
17,930
575,257
215,154
$135,804
$86,865
',$1,554,369
$1,042,377
profits tax——
-
.
Balance
Consolidated
.
the
Cash'
U.
S.
"
notes—Tax
Treasurv
deposits
and
Unamortized
2,522
3,125
911,353
899,402
291,653
282,191
31,336
and
expense—
Reacquired securities
—.
175,394
153,375
25,967
—
discount
debits—-——
32,424
68,198
77,936
——
debt
deferred
Other
*16,296
19,090
supplies^—
Prepayments
98,918
300,000
-i--.——
—
K
2,900,612
1,066,662
C~
series
———
receivable
Material
2,862,883
—
__—,———.—
receivable
Notes
Accounts
1941
1942
equipment— $27,993,040 $25,704,392
——_——
——
—
25,967
liabilities—
had
the
of
pfd.
stock
Premium
on
($3
stock
Eerial
payable
Accounts
accrued
Taxes
$1,479,700
—
661,676
1,461,064
—
—————
Earned
63,107
——
,
11,175,000
800,000
378,749
1,217,694
40,330
121,182
540,940
5,628,710
4,511,299
8,317
8,317
5,296,359
——
depreciation—retirements
Contributions in aid of construction
for
Reserve
3,497,212
13,619,072
—
—
——
—
$1,479,700
1,804,782
1,804,782
3,497,212
—
—
-—
bank—
credits—
Deferred
$100»
——
stock——
—
accrued
Interest
(par
par»—,
common
long-term debt
notes payable to
Total
4,847,535
—
surplus
157,
p.
the
Preferred
The SEC
io
use
Okin
of
in
a
proposal of company
market purchases of its
hearing on March 29 on
treasury
cash
for
open
a
of
York
attorney,
was
adjudged
held;
were
minutes
of
some
such
meeting
were
the
issued.
they
The
refinancing
concluded
of
applicant's officers have
collateral trust notes
the
do so occurred.
About the middle
that the time had arrived when
these negotiations it developed other parties were inter¬
some or all of the collateral trust notes.
The Fi¬
which
the
its
on
Feb.
payment
applicant could
option
27,
purchase
the
1943, as a time limit
The applicant
notes.
within
the specified limitation and paid for the
using funds in its treasury for that purpose.
1943,
reduced
the
applicant's
cash
hand
on
March
1,
1943,
to
$5,053,000.
The treasury would be reimbursed in part from the
proceeds of the proposed sale of the first consolidated mortgage bonds,
series
heretofore
D,
described.
As
just indicated the applicant's cash has been: reduced $14,507,500
by the purchase of the collateral trust notes.
Until such time as the
cash
position is restored
resort
sions
to
of
cant's
2Ga
(9)
evidenced
of
the
or refinancing it may decide to
by notes Issued under the provi¬
Interstate
Commerce
Act.
The
appli¬
committee and its board of directors have anticipated
and have
authorized
loans
up
to $11,000,000 for a
finance
period.
witness
the
would
for
the
refinancing
be
witness
a
applicant
would
savings.
some
This
to
by earnings
short-term loans
section
situation
short
also
concedes
not
This
testified
that
be
while
that
large
point
will
the
the
but
amount
he
be
asserts
considered
matter
of
of
savings
that
there
hereinafter
effecting
a
saving
consideration
be of major
entering into the proposals it was not deemed
importance and there were other factors having greater
weight in determining to refinance.
years
from
collateral
series
In
time
applicant regarding the
Corporation thereafter fixed 5 p.m. Jan. 29,
notes
Court by Federal Judge Simon Ridkind, March 1,. for sending letters to
New
that
in purchasing
exercised
the
a
notes
however,
1943,
Such
the
Okin,
directors
trust
the course of
nance
the
Adjudged In Contempt Of Court—
of
favorable opportunity to
a
January
contempt of
Samuel
presented by tha
was
by
such refinancing could be undertaken.
Accordingly negotiations were
had with the Finance Corporation which resulted in its
finally agreeing
to sell the notes to the applicant at 103.625 and accrued interest.
In
five
stock.
testimony
mind,
was
Stock—
will hold
$15,000,000
preferred
Share Co.—Hearing on Purchase
board
whenever
A
&
it
leading up to this proposed refinancing.
Conferences
its officers and meetings of the finance committee and
by
collateral
kept
219.
Bond
to
It appears that at the time Of applicant's
1941, there was a desire to raise the new
money required through a public offering but because of market condi¬
tions then obtaining it was not praticable to do so and the jmoney
was procured
from the Reconstruction Finance Corporation for which
from
Electric
presented
was
reorganization in December,
this
$33,641,180 $30,301,557
Total
-V.
refinancing, sought but was not given
offer; therefore, the sale as proposed is
an
introduced in evidence.
were
within
cumulative
7%
make
to
bonds
considerations
ested
$33,641,180 $30,301,557
Common
proposed
arrangements had
been completed for their sale to Morgan
Stanley & Co.
were
Sheet, Dec. 31
Assets—
Plant, properties, pipe lines and
Investment and fund accounts
Bpecial
the
inasmuch as a better price might have been obtained.
applicant's position is that when this endeavor to make an offer
The
$979,112
$68,935
$82,071
Considerable
Totals
and
of
opportunity
an
of
accepted.
for
accrued
pertinent here only
sell the
has to
which
the
Stuart
&
Co.,
advertised
they
would
damages.
the opinion
of
of
as
the
There
also
was
applicant
indication
an
presented
was
not
was
if
and
associate
some
but
it desires
further
these
to
do
testimony
matters
are
and
so,
the opportunity the
of
are
applicant
above 96.
more
material
Inc.,
sale, and if the series D
to bid a higher price
agree
intent of these proposals,
bonds for something
testimony
of
of
view
sale
interest.
the
consideration
the
for
Halsey,
bid at such
right to
given to explain
to
or
less
cumulative
issues
the
disposition to be made of
this
herein
application,
in
nature,
involved.
In
hereinafter
as
indicated, it is unecessary to summarize such testimony in this report.
The applicant shows that the issue and sale of $14,000,000 of its
first consolidated mortgage 3%%
bonds, series D, maturing Feb. 1,
1958, at 96%
of par, will result in a discount of $560,000, to which
be
added
charge
that
annum;
$12,000
for
for
printing,
amortization
legal
discount
of
the annual interest
expenses,
amounts
charge at 3%%
that
the
$38,000
per
etc.;
to
to $490,000
amounts
total annual charge for amortization of discount and
interest of $528,000, which may be compared with the present interest
charge of 4% on the collateral trust notes in the amount of $560,000
per annum,
or
a
or a reduction of $32,000 in annual charges; and that
State mortgage tax of approximately $28,000 and the
original issuance tax of $15,400 are chargeable to income for
the year
in which paid.
As presented by the applicant the net premium to be paid and the
cost of acquiring the collateral trust notes would be on the basis of
annum,
New' York
Federal
..
at
bonds
rate to maturity, whereas the sale of the series D
would.produce an effective rate of 3.85% to maturity, a
96
York
New
State
3.89%,
mortgage
1%,
of
or
Federal
tax,
giving consideration to the
tax, printing mort¬
issuance
legal expenses, etc., the effective annual charge would
alleged saving from the proposed refinancing of three
bonds,
gages,
.
interest
3.92%
a
saving of seven one-hundredths
an
one-hundredths
of 1%, or $4,200 per annum.
1
is in substantial agreement that there will be some
from the proposed financing, provided consideration is
given to an assumed reduction in the excess pr^it taxes which may
be assessed on applicant's earnings for the year 1943, and the pos¬
sibility of such taxes in all subsequent years is ignored.
However,
if applicant's earnings subsequent
to 1943 should be subject to, an
excess profit levy, then the asserted saving would become a loss.
In giving consideration to the record as presented, we cannot under¬
The
evidence
saving
slight
take to
indulge in speculation as to
the
upon
the effect of possible future taxes
would
commit
us
to
the
because the expenses
policy of
incurred
therewith would reduce the amount of applicant's lawful
On reflection, we are not convinced that a speculative reduction
taxes.
in
which
issue of securities merely
connection
in
issue,
proposed
approving an
is
taxes
satisfactory
a
this, security issue..
The evidence shows
basis
upon
■'
■
which
to
give our
approval
\
of
■.
of notes have been
purchased from the Finance Corporation at 103%% of par, or at a
premium of $507,500, to which should be added accrued interest at
4,e from Jan. 1, 1943, to date of purchase on Feb. 27, 1943; (b) that
the $14,000,000 of bonds have been sold subject to our approval at
96
and
interest from Feb.
1, 1943,
to date of delivery.
On this
basis the proceeds from the sale will be $13,440,000, from which there
should
be deducted New York mortgage tax $28,000,
United States
(a)
that
the
$14,000,000
original issuance tax $15,400, cost of printing, etc., $4,500, legal ex¬
$8,000, leaving $13,384,100 as the net proceeds from the proposed
issue which, together with treasury cash in the amount of $1,123,400,
will be used to meet the cost of $14,507,500 for retiring the $14,000,000
penses
1953
trust
maturities.
to
1958
notes,
of
the
These
were
(1)
indebtedness
thereby affording
the extension
now
represented
Exhibits
respect
by
more
15-year period to 1958 all indebtedness maturing therein, including
proposed series D bon&s,v.,aijd thereafter,, the next bond, maturity
notes.
presented
the
to
the hearing show computations of costs in
bond issue and pretent data from which it
of Jan. 1, 1953, the applicant would have
at
proposed
determined
be
can
that
as
interest on the collateral trust notes, whereas on the
paid $1,260,000 into the sinking fund, $4,420,174
$1,123,400 of discount, premium and expenses, or a
total outlay of $6,803,574 In respect to the Proposed bonds.
Of this
outlay the $1,260,000 paid into the sinking fund, at redemption rates,:
would reduce the principal amount of bonds outstanding from $14,000,000 to $12,765,000, a net reduction of $1,235,000 in debt.
The interest payable from Jan. 1,
1943, to Jan. 1, 1953, upon the
4% collateral notes is $5,600,000, equivalent to an annual expenditure
of $560,000,
The interest upon the 3 VaYc bonds from Feb. 1, 1943
(date of the proposed bonds), to Feb. 1, 1958, giving effect to sinking
fund payments of $140,000 per annum at the redemption rates pro¬
vided in the indenture, is $6,804,501, to which there is. added premium
in the amount of $507,500, discount in> the amount of $560,000 and
expenses assignable to the issue in the amount of $55,900, and sinkingfund payments in the amount of $2,100,000, or a total of $10,027,901,
which is equivalent to an annual cost of $668,526.70, a part of which
would be devoted to the retirement of debt.
Further, the total cost of the notes to maturity, including payment
and discharge
of the debt, qn Jan. 1, 1953, would be $19,600,000,
whereas the total cost to maturity of the proposed bonds, including
paid $5,600,000
date it will have
same
of
and
interest
payment and discharge of the debt, giving
payments at the redemption rates stated in
effect to sinking fund
the indenture, will be
$21,956,901, or an increased outlay of $2,356,901,
The
issue of the proposed bonds and the cancelation of the col¬
lateral trust notes will not result in any current reduction in appli¬
cant's funded debt.
The bonds would mature in five years after the
of
date
of
maturity
the
outstanding
notes;
to
of
extension
only five years in
to be paid
the bonds are proposed
the premium
calling the notes and the discount at which
be sold necessitate expenditures
which are
on
not warranted by an
the debt and the reduction in coupon
interest rate from 4 to 3 % %.
Without
of
the
convincing
more
danger
evidence
than
the present record affords
that underwriters are likely to injure
the Erie's credit
too much for its bonds, we are unable to say that its
justified on that ground in declining to explore the
possibility of getting a better price than 96.
The evidence given to
the effect that the managers considered themselves obligated to carry
out arrangments made to
sell at 96 because of the stage to which
these had progressed when they learned of the possibility of a some¬
what better price, is more impressive.
And it is given added weight
paying
by
managers
it
were
by
proof
that
to
accept
the
3% %
If
for
widely distributed
The applicant expects to be able to retire
during
a
collateral
of
and
improvident
1942—Month—1941
Period End. Dec. 31—
Fed. inc. tax and surtax
Fed.
income
Federal
to
the
divs.
com.
such
were
.
being granted leave to intervene the Railway Labor Executives
Association and the Brotherhood of Railroad Trainmen took
part
of
measure
opposition
collateral trust notes from the Finance Corporation
applicant, the notes to be in merchantable form, or
offered
and
than 96
be
has outstanding $14,000,000 of collateral trust 4%
1, 1953, which were issued pursuant to our order of
applicant
21,036
$2,591,889
403,771
788
— „—_—
div.
stock
in
broadened.
not
were
After
Pfd.
petition
the
and
39,764
$2,596,547
34,013
7,436
—
income
permitted to present evidence and examine
witnesses, provided the issues presented by
the
were
purchase
income deductions
Net
mortgage 3l/g%
Arrangements have been made to sell the bonds, subject to our
approval, to Morgan Stanley & Co. who may assign interest in the
to others, at 96 and accrued interest.
On this basis the
average annual cost of the proceeds to the applicant would be approxi¬
$343,773
32,992
—
-
of debt discount
Amort,
Misc.
applied for authority to issue $14,000,000
bonds, series D.
The Chesapeake
1943,
be
the
were
per
'
part:
and Bernard E.
mortgage 3Va%
Gross
in
the
the
Act."
Commerce
states
Casey, stockholders of the applicant, the
Railway Labor Executives Association and the Brotherhood of Railroad
Trainmen were granted leave to
intervene herein.
The petition of
Halsey, Stuart and Co., Inc., and Otis and Co. for leave to intervene
redeem
devel¬
$257,285
income
Interest
4,
Ry.
Interstate
Commission
consolidated
&
consolidated
$2,716,227
———
Balance
Other
71,801
107,797
$267,109
revs.—.
Exploration
opment
95,784
138,099
—
oper.
Feb.
of first
Ohio
of the
20a
the
of
on
Arrangements
for
———
—
section
The
The
Corporation for
1942—12 Mos.—1941
$760,903
Depreciation—prov.
-
10 denied the company's
March
on
the
of
to
would
should
application for authority
to issue
$14,000,000 first consolidated mortgage 3 % %
bonds, series
D, as the Commission found that the issue did "not meet the require¬
notes,
revenues——
retirements
29,
RR.—Authority to Issue Proposed Bonds Denied
The ICC
.
(& Subs.)—Earnings—
1942—Month—1941
Period End. Dec. 31—
Taxes
Payments
and Sept.
the
applicant
to appli¬
but did not
financing
would underwrite for 10 days the $14,000,000 of the proposed
15-year 3%%
bonds, series D, at the proposed selling price of 96
and accrued interest.
If either proposal were accepted the applicant
was
to advertise immediately for bids on the basis that the highest
annual
Dec.
Operating
23.
as
.
120
Magid,
E.
the capital
on
follows: March 30, 20 cents; June 29
and Dec. 30, 62 cents.—V. 156, p. 2222.
were
each;
Erie
has written
fionds
year
cents
•* .'•'
to Plan Urged—
Assents
A dividend of 20 cents per share has been declared
stock, payable March 30 to holders of record March
>
the
to
as
witnesses for
the
detrimental
was
future
they
Other
Equitable Investment Corp. of Massachusetts—Div.—
com¬
157, p. 992,
(Hotel
Corp.
Avenue
Seventh
inputs of any
system
panies not appearing in both periods.—V.
870
;
cost
at
some
-—Thousands of Kilowatt-Hours—
<*%'""—Increase—
1942
Amt.
%
152,546
20,821
13.7
71,891
18,403
25.6
103,104
20,258
19.7
purchase
bonds
cumulative preferred stock, par $100, payable March
March 15.
Payments last year were as fol¬
the 6%
on
holders
to
its
on
overpricing of an issue would have no effect on the applicant's
credit or future financing.
In behalf of Halsey, Stuart & Co., Inc., and Otis & Co., it was
testified
that
they would underwrite for 10 days
the
applicant's
bid
Dividend—
Co.—Accrued
of $3 per share has been declared on account of accumu¬
A dividend
lations
Electric
Witnesses for
condition
a
effect
estimate
an
hand,
1941.
27,
such
an
an
reserved
'
11,
Ebasco
of
companies
Trust
1,
v ■' >-f
1943, the system inputs of client
Services, Inc., which are subsidiaries
of American Power & Light Co., Electric Power & Light Corp. and
National Power & Light Co.,
as compared with
the corresponding
•week during 1942 were, as follows:
March
ended
the' week
For
operating
May
accrued
for
for
Bonds
Empire
•
Traders
noon
the tender price in full of the bond
accept
annual report.—V. 156. p.
o'clock
12
first mortgage
make
to
Oct.
on
that
had
and
other
the
that
opinion
credit
cant's
On
Sought—
5% gold bonds to an amount sufficient to exhaust
$10,704.77
(now in the sinking fund)
at prices not to exceed the
principal amount thereof.
Tenders of bonds which shall not have
been extended to March 1, 1950, shall specifically state that no claim
company
the company more
1605.
allow
to
28
of
meeting
annual
The
April
until
will
Co.—Annual Meeting Adjourned—
Eaton Mfg.
will
it of
and
Manufacturers
The
77,652
77,652
20,444
;
minority int.
to
Applic.
—V.
&
G.
V.
B.
Applic.
Ellicott Square Co. of Buffalo.—Tenders
authorized
bonds
venture
Balance
,,
for the
whether
Opinion ' testimony was given as to the effect on an issuing com¬
pany's credit of receiving too high a price for its securities and of
the subsequent sale of such securities
to the public at a recession
$2,577,183
2,596
Co.—50-Cent Common Dividend—
The directors on March
1943—Month—1942
Period End. Jan. 31—
-Operating
Taxes
Subs.)—Earnings-
(&
Associates
Utilities
Eastern
understanding that the bankers would pay not less than 95 Va for
the series D bonds to be issued in refunding the notes, and the execut¬
ing thereafter of the written contract to purchase the series D bonds
be
not
as of the time when
underwriters' offer, 96
the directors concluded finally
was a good price for the new
bonds.
the
adequacy
considered
we
convinced,
and
fairness of the price were the only things to
perhaps, approve the application.
We are
that the probable cost to the applicant of
could,
however,
Finance
should be
the costs
changing creditors is justified, nor that if the Reconstruction
.Corporation
loan
•reirmted.',,The
,
is paid off the entire. $14,000,000 debt
evidence,., we think,'-- clearly"' shows-'1 that
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
transactions will exceed any
opinion that this fact outweighs
the applicant, as above stated,
to
be
advantages resulting
from
the transaction.
In its Annual
Report to the Congress for the year 1941 the Commission said:
*
*
«
Moreover, so far as most of the railroads which are not
immediately
related
the
to
proposed
Galveston-Houston Co.
direct benefits therefrom, and it is our
the
other considerations deemed by
in
Period End. Jan. 31—
Operating
Operation
Taxes
..
"
That
expression
reduce
to
debt
it
more,
the
conclusion
Upon
at
utilized.
notes
long-term
any
applicable
be
The
opportunity
present
reduction
the
replenishing
justify
may
basis.
this
at
hearing,
On
point,
that
time.
consideration
the
here.
While
cash
in
however,
the
of
Other
application
and
make
to
the
the
public
as
a
carrier
common
Gross
ability to
perform that service,
appropriate for such purpose.
which
and
(b)
will
not
Gross
reasonably necessary
is
'
~
Robert
"The
of
E.
Interstate
the
Erie
Series
D
trust
Woodruff,
to
notes
to
to
held
be
sold,
Net
—V.
the
V/2',0
"They
first
not
has
,,
quote
their
its
and
>
on
deprec
Net
$69,025
share
and
company
its
66,098
to
$632,541.
with
$11,962,092,
Net
investment
$626,384 in
1941..
$2,927
Dec.
The
.
with
consolidated
in
\
amounted
of
S.
to
$658,937.
dividend
a
April
10
of
22
cents
holders
to
follows:
as
to
April
10,
$2,003,000,000,
price
adjustments,
available
for
stock
1942,
for
decrease
a
$1.40
of
of
share
per
record
21
cents;
31.
25
14,
157, p. 344.
77%
or
on
March
July
reduced
shows
cash
Government
of
$5,398,074,
of
applicable
excess
In
54%
or
more
appointed
stock,
E.
of
Townsend
Co.,
the
registrar
has
for
100,000
of
Co,
the
to
the
amount
same
all
taxes
for
payable
1941,
for
1942
to
increase
an
of
54%.
profits
to
tax
income
for
1942
$17,000,000
was
carried
and
as
and
for
and
post-war adjustments
and
.
marketable
securities
held
close
tne
221.608
were
stockholders
high number and
of
the
company
increase of
an
on
Look,
shares
Assistant
been elected
of
this
\
the
over
scrap
Hi
for
J.
The
of
the
company's
general
saved would fill every
scrap
car
of
and
the
other
total
large
Beattie
shipped
was
of
users
said.
iron,
"The
operations."
in
Fiduciary Trust Co. of New York.
We
of
the
York
John G.
has
his
been
home
hunt"
the
banking
Robert
this
for
vote
the
free
April
and
holders
of
the
tary
1506
wall
for
to
second
rental
to
value
fifth
the
$12,000 per year,"
Fisk
Rubber
Stockholders
of
basement,
and
the
third
a
"Should
years.
its
windows
floor.
present
the
on
It
has
height
entire
of
Calendar
31,
"Net
these
on
floors
Homer Reed,
would
be
President—V.
Corp.—Final
reduced
124,
p.
by
distribution
of
share
stockholders
States
Rubber
to, steel
steel
to
$6.661/2
for
plus
each
in
used
Foundation
dividend
of
stockholders
Sept.
15,
The
Co.—Resumes Dividend—
25
of
cents per
record
share has been declared, payable April
March
24.
This
'
is
the
first
dividend
disbursing agent.—V.
of
Co.
156,
New
1501,
p.
York
has
v.
been
appointed dividend
L.
603.
partner
a
in
the
of
The directors
on
A
the
15
stock,
common
similar
1942
were
cents,
distribution
as
follows.
and Dec.
19,
declared
11
Lynch, Pierce,
increasing the member¬
„
157, p. 473.
payable
was
10
May
made
April
1
on
and
dividend of 15
a
1
to
directors
on
holders of
the
also
$8
holders
preferred
stock,
record March 20—V.
no
1,
share
1937
10
of
Treasurer
take
his
up
quarterly dividend of $2 per
par
value, payable April 1 to
and
misc.
equity
subs,
not
in
debt
undist.
wholly owned
$5
profits
conv.
14,370,911
pfd.
stock
divs,„-__wu-
the
Surplus
T
last
stk.
com.
outstdg. (no par)_
share_-__„_
per
discounts,
company sales
of
for
1942
436,015
freights,
deducted.
(after
2,569,534
6,813,845
4,512,094
new
allowances,
(Includes
{Includes
2,059,168
excess
debt
Louis, A.
Balance
profits taxes of $11,648,622
retirement credit) and $11,-
Sheet, Dec, 31
Assests—
"
Government
"Accounts
r
.,
tCash
and
notes
securities
option
of
the
Newman,
stated
'
"
the
at
annual
Total
meeting.
.
.
payable
bank
Accounts
•
(banks)—.
ation
SAccrued
Jan. 1 to March 7
$32,200
Accrued
1943
1942
$321,608
$31,490
$330,235
March
on
value
15
paid
stock
common
was
a
of
one
dividend
to
$1.25
of
holders
of
share
per
record
on
Dec.
March
22,
contracts—
war
United
debt
Capital
:
,
have
stock,
disbursed
was
1, 1942.
and
declared
10%
dividend
a
payable April
1
U$5
5.
of
this
on
50
cumul.
Issue
on
Jan.
2,
last,
The previous payments were $4 per
in
stock
in
per
1938—V.
157,
p.
share
March
and
23.
convertible
on
July
share in cash
220.
to
W.
7,656,727
pfd.
amortization
U.
S.
U.
of
bad
by
8,984,270
stock—
9,015,013
62,295,400
—
63,045,400
10,097,523
S.
notes
tax
shares.—V.
$2,842,565
Government
^Outstanding
in
of
622,954
157,
p.
292,230,767 225,083,096
—
of
and
$14,908,936
no
in
1942
and $2,675,487 in
depreciation and
$115,215,929 in 1941.
iLess
contracts.
1942
in
shares.
par
19,204,255
35,755,623
44,427,255
—
debts
$113,561,313
Treasury
par
500,000
2,bJ.o,3o5
10,997,523
—w.i——V 19,394,4511
for
reserve
10,123,568
i
held
——/
{Under
1941.
{Less
1942
and
$15,208,800
""Outstanding
in
2,059,168
253.
Goulds Pumps, Inc.—Accumulated Dividend—
Litchfield, chairman of board, states:
net
sales
for
$330,599,674 for 1941,
expenditures
been
and
reduced
by
fees
a
1942
an
were
increase
$451,493,034;
this
compares
of
36%. Company's sales in¬
cost-plus-fixed-fee contracts, and
adjustment on all war contracts due
under
price
$14,370,911
United
earnings
after
equities
States
carried
deducting
to
earned
depreciation,
surplus
interest
and
amounted
$100,
directors
of
minority
share¬
earnings of subsidiary companies provisions for
foreign income and excess profits taxes amounting
consolidated
balance
losses and contingencies of $8,000,000.
sheet includes $36,130,000 of net invest¬
East
year
were
30,
have
declared
accumulations
payable
April
2
April
follows:
as
$2.—V.
156,
on
p.
1
dividend
a
the
holders
to
7%
of
and
of
$1.75
cumulative
record
July
March
2,
$1
per
share
on
preferred
22.
each;
stock, par
Payments last
Oct.
2,
$3,
and
1049.
to
in
and
$21,957,794, and for Far
The
The
account
Dec.
renegotiation.
Consolidated
to
cos.
—
"Less
40,000,000
———
Total
1941.
9,654 440
500,000
34,5o7,ju6
37,500,000
Co.
surplus
on
A
not
stock
surplus
.*
cents
reserves—
Rubber
7,107,788
5,569.220
:——
subsidiary
&
14,233,515
14,000,000
5,306,688
;
—
miscellaneous
of
Capital
of
<
taxes
Goodyear Tire & Rubber Co.—
and
stock
""Common
1941.—
■
to holders of record
States
Goodyear Tire
share
per
23,031,927
-
foreign taxes.—
Contingent
cents
25
2,627,366
—
resulting from renegoti¬
payable within one year..
{Advances and accounts payable (contrat—
Funded
,
,
18,000,000
——
Bonds
./■/;■■■/■■: "/
1
1,573,125
overdrafts
payable
of
2,175,484
78,315,965
292,230,767 225,083,056
—————
Liabilities—
v
1942
(contra)_
993,594
{Land, bldgs., machinery and equipment-:
68,894,726
Goodwill, patents and trade-marks-^.—1
Prepaid insurance and other expenses
1,603,937
4%
bondholder.
President,
$
13,489,563
3,251,727,
'
64,604,427
43,700,761
94,191,967
83.009,592
34,567,306
2,818,565
receivable^>_„__-__^^.___^
and
reimbursable expenditures
Miscellaneous investments
<
1941
$
24,123,082
Canadian
Acting
as
864.
Inter¬
and
amortization.
Consolidated
has
p.
$3.44
taxes
1942
late
served
2,059,168
$4.68
excise
Cash
157,
;3,22d,160
2,826,899
$5.46
deducting $1,294,291
for .1941,
Vice-President,. Secre¬
year—V.
3,190,653
-
8,671,632
2,059,168
:
,
death
10,309,788
2,570,259
'
succeeds
S.
1,000,000
12,831,397
3,129,020
dividends
2,363,914
4,609,101
Goodyear Tire & Rubber Co.—Annual Report—
have
last.
1,
157, p. 992.
the
C.
directors
clude
cents per
of record April 17.
Payments during
cents each; Nov. 2,
Feb.
Aug.
usual
at
1917.
amount
with
'
the
18,282,803
Net
April
par
common
P.
cents.
declared
and
,,
..
Garner
to
Prescott,
General Foods,
of
revenues-—
p.
holders'
The
share
590,802
44,328,705
46,189,062
United
States
income
taxes——., $17,230,970 $18,876,967
Foreign taxes
4,726,824
7,480,698
Provision
for
contingencies
8,000,000
7,000,000
no
Co.—15-Cent Common Dividend—
March
on
order
Week Ended March 7
Consolidated
General Baking
;
652,725
75
Merrill
Fenner & Beane, has been elected a director,
ship of the board from five to six members.—V.
1,653,692
653,910
1,'
_
funded
and.
^Returns,
outstanding $206,000 of first mortgage serial bonds,
993.:
no
and Oct.
in
firm
20,527,297
1,571,353
profits
on
at
Goodall Worsted Co.—50-Cent Dividend—
The
like
Co.—New DirectorVivian,
Counsel,
in
.
..
previous payment
.152,
the
1
Gabriel
Leslie
48,413,140
-
Profits
1929, he has served as
Guaranty Trust Co. of New
the
resigned
Mr, Zahrn's
company
the
1940
1,652,980
1
since
1927.
Guaranty Trust
1941
451,453,034 330,599,674 217,540,079
361,573,354 232,092,070 152,200,919
$10,589,632
10,474,247
10.089,303
46,635,595
r.
Earned
■
year.
19,439,690
1,087,607
Total
Since
1.
of
157, p. 993.
The
the
1,535,074
Interest
Gilmore Oil Co.—Pays 25-Cent Dividend—
a
152,
on
A
has
Vice-President
1943
of
throughout
1,485,964
income
Div.aends
company
Georgia & Florida RR.—Earnings—
The
to
elected
April
Period—
held—V.
built
ready to start operations.
rubber has been increased
1942
—
Payable to U. S. Govt,
2068.
gatnermg
have
we
35,810,167
p.
—V.
and
46,878,066
Shares
about
one-quarter
share
production
Government,
41,155,291
Foreign
Operating
synthetic
45,149,631
John
157,
small
a
34,180,417
Other
mills,
foundries,
nonferrous metal
and
was
Steel Wares, Ltd.—To Redeem Bonds—
due
by
Department of Agriculture
full
,
____
Operating profits
Notes
Distribution—
common
since
Commerce,
2131.
this
Fisk
to
United
A,
the
Account, Dec. SI
.—
—V.
corporation, which is now* a division of the
United States Rubber Co., are currently being paid a final distribu¬
tion in liquidation of 6V2 cents per share.
This will bring the total
p.
Income
Cost of goods sold
Depreciation provided
Selling, admin, and general expense
standing,
building would be blocked out' from
inclusive, and it is estimated that the
floors,
'
Years—
sales
The corporation
to call for redemption
proposes
the balance of
$450,000 bonds ($225,000 due April 15, 1946, and $225,000 due April 15,
1947)
in June, 1943, so that there will be no short-term bonds out¬
be
west
Street
space
said
and
four
permitted,
Walnut
the
of
floor
past
he
General
the
of
the
in
1942,
granted
(Including Domestic and Foreign Subsidiary Companies)
15, 1945, have been called for redemption as of
April 15, 1943, at 1011/2 and interest.
Payment will be made at any
branch in Canada (Yukon Territory excepted) : of the Canadian Bank
a
frontage of 20 ft. on Walnut Street and
building at present erected thereon, covering
height of 32.1 ft. and consists of the ground
height
1500
All
has
a
the
the
the
of
has
been
Treasurer
which
General
The
mezzanine
vacant
increased
$250,000,
series
Street
lot,
with
been
This
property was originally
which has been foreclosed.
It is
$97,700.
of
1940
in
co-operating Witn the
Reserve Company in tne
operating
■.
:/
and
rates
of
items.
war
Inventories
encumbrances.
at
120 ft.
entire
floor,
all
issue
Walnut
depth of
the
of
has
and
,v
Treasurer
on
bond
a
assessed
now
6
clear
subject to
the
the
tax
Act
allowances
losses.
war
Consolidated
tools,
In joining General
Foods, Mr.
Zahrn, former Treasurer.
John
voting trust certificates
approving the purchase by this corporation of
adjoining property, 1506 Walnut Street, for the sum of $50,000,
will
a
and
the
been
Ruboer
earns,
obsolete
corporation/ effective
duties.
profits
Revenue
by
tire factory at
Lima/Peru, which is now
The capacity of our
plants for reclaiming
and tnese plants have been
manufacturing organiza¬
in more than 100 average
remainder
728.
p.
Garner
from
excess
the
reduced
rubber in Latin America.
the co-operation of the Peruvian
Common
157,
Vice-President
.,
Fifteen Hundred Walnut Street Corp., Philadelphia,
Pa.—Proposed Purchase of Adjoining Building—
stockholders
L.
to
and
under
is
important
many
have also
the
crude
Earnings
Empire Trust
department of
income
increased
assessment
a
General Foods Corp.—New Official Elected—
of
pro¬
number
Barry, Honorary Vice-President of this company, died
In Scnenectady March 4, alter a long illness.
He was
old—V.
years
the
in
tnroughout tne year, supplying
lor
With
fixtures and other dormant
scrap accounted for 25,250,000 pounds of materials of all kinds.
Also
recovered were 85,300 ounces of
silver.
>.
v »/,
York,
The
were
respect
in
Act
and
According to Mr. Beattie's annual report, the year's salvage activity
yielded 318,500,000 pounds of iron, steel and alloy steel scrap, 31,200,
000 pounds of copper,
copper alloy scrap and brass, 22,700,000 pounds'/
of lead, 4,300,000 pounds of aluminum and
2,500,000 pounds of zinc.
/
manufacture
Including
Although
States
tax
•'
"treasure
tne
•
"Four-fifths
smelters
In
charges, and notably
heavier-tnan-air crait,
and
not, used.
v;/;.
Beattie,
has engaged
powder
The company built with its own lunds
rubber production
plant which operated
this company during 1942 salvaged 388,300,000
pounds
reuse in war production, it was announced on March 5
scrap," .Mr.
company's
capital
the former stock¬
to
Vice-President
Vice-President
a
kinds,
$17,230,970.
ruboer
1942
December
on
1.4%
hgnter
many
company
and
'
:
has
required by tne Government.
other products more or less
materials
and
business,
both
all
war
and
year
provide lor increased working capital
requirements necessitated
the rapid expansion of bus.ness,
company
negotiated a
5-year
$50,000,000 1 evolvrng credit witn banks, witnout Government
guarantee,
of wuich
$18,000,000 was outstanding at Dec. 31, 1942. This
revolving
credit bears interest at
1%% per annum, with a standby cnarge of
V2 of 1% per annum for amounts
that
of
ly41
;
To
contingencies.
at
the
by
'
reserve
tires
spec.al
ammunition
the
to
noncurrent asset
a
in
during
activities
company's
to
normal
company's
Federal
1942 amounted
year
the
of
of
United
$223,697,000
was
of
duties, levied on the consolidated
companies, amounted to $40,342,392, of which
$30,01b,052 is in tlia
United States and the remainder in
foreign countries.
United States
Feaeral excise taxes on
tires, tubes and other rubber articles amounted
to $6,531,447, and Federal and
State taxes based on income amounted
paid in
was
as
to
part
production
addition
Taxes
was
$45,082,000, or $1.56
compared with $57,197,499, or $1.98
Cash dividends declared and
share,
provided
the
cannon,
duction
or
1942,
year
freight, trains.
157, p. 131.
New
value $10, which is being distributed
Fiduciary Corp., in dissolution.
par
holders
Trust
$27,147,000
business.
of
Obituary—
&
1,300,000
—
of.—-
the
major
in
related
to
record
a
tion.
compared
of New York.—Registrar—
Bank
total
'
been
tne
cash
by
Fiduciary Corp.—New Stock Ready for Distribution—
Hanover
1,199,000
profits
Tne
the
21%.
profits taxes payable for the
credited
of
a
as
of
A
Central
477,0U0
762,000
—
1942.
than
more
The plants of
liability is shown as $3,615,870, as against $2,332,719, an increase of $1,283,151, and unearned premium reserve was
$4,239,421, an increase of, $236,617 over the $4,002,804 reported last
year.—V. 156, p. 2222.
V/v:.'.;'v'V;"/
•"
The
—
1942.
The
assets
representing these
prpperties,
amounting to
$13,326,376, have been segregated on the balance sheet and have been
lully reserved lor from contingency reserves
the
Salvages Large Amount of Scrap During 1942—
security
bonds
of New York below.—V,
Africa
of
for
sheet.
year earlier.-
underwriting loss of
aggregated
$561,356,
compared
and
7,066,000
4,921,000
——
of
foreign
subsidiaries
and
branches
amounting to
are incorporated in the consolidated
proiit and loss state¬
ment, and dividends are being received
currently.
Tne company's rubber
plantations in Sumatra and in the Philippine
Islands, the tire factory in Java, and investments in
Singapore and
other Far Eastern points are no
longer under company s control
a
result of enemy
occupation of these territories in tne early months
dividends
of
a
$144,978,000
excess
was
There
Loss
Fiduciary Trust Co.
of
course
,'v.
• :
with
view
1942,
a
over
See Fiduciary Trust Co.
110,988
not been necessary for the
company to borrow money.
Certain
plant fac'lities, however, are leased by the company from Government
agencies for war production purposes.
;
1
/ ;
net
a
$3,755,000
foregoing is approximately $9,113,000 of cash in
accounts outside of the United
States, restricted as to
availability in varying degrees.
Most of this cash repre¬
working capital of the various foreign Interests
required in the
sents
$624,863
$105,600,000 compared with $98,700,000 a year er^'er.
In addition, the
company held $106,000,000 of U. S. Treasury noirfor the paym'ent of federal taxes on
income, compared with $30,000,000
at
the close of
1941.
Although work'ng capital requirements have
increased substantially due to the
expanding volume of war work, it
aggregated $9,210,an
increase of $2,157,922; total investments
last year to $20,293,942; total admitted assets
$25,323,007, and compare with $24,664,070, an increase
$1,381,930
up
sheet
U.
declared
were
amount
gross
Total
;/
balance
$797,396
175,245
payable
totaled
1
balance
1942
*$34,481
1941.
$5,857,118 in 1941;
against $7,052,846,
768,
are
31,
$46,231
•-
major adjustments which will be required in connec¬
tion with the resumption of normal
operations after the war, and of
the
uncertainties arising
from war conditions, legislation, and the
renegotiation of war contracts, the Company set aside $17,000,000 in
amounting to $122,541, resulted in a surplus reduction of
$10,183, leaving surplus at $12,633,356.
Surplus stood at $12,643,539
of
in
net
countries)
bank
various
of
1941,
1942
amount
values
as
202,779
amounted
Income
refund
war
the
subsidiary,
sale of securities
on
Included
$827,642
154,792
has
owned
income
Loss
have
common
amounted
(N. J.)—Annual Report—
resulting
$952,187
14,076
A
$193,000,000, compared with $120,000,000 for 1941. The estimated post¬
Vigilant Insurance
Co., in its annual report for the year ended Dec. 31, 1942, made
public
today by Hendon Chubb,
President,
reports
consolidated
premium
income of $11,566,168.
This compares with $7,500,269
reported in
the
previous year.
Losses,
expenses
and
taxes
on
underwriting
amounted
$60,307
$1,132,837,258 received during 1941.
during 1942 amounted to $1,047,000,000,
•;
The
68,819
wholly
329,306
not
total
occupied
3.814,000
3,853,000
Other foreign
$1,156,949
462,785
Electric
for
3941.
$34,338
22,940
Federal Insurance Co.
net
paid in
•Loss.—V; 156, p. 2130.
The
$1,414,972
30,303
contracts.
war
a
1943—9 Mos.—1942
$22,621
$90,610
investments
resultant
follows;
as
—_
South
Net
voluntary
income and
$45,560
$35,511
'.
——.i.—
Drl,004
$68,993
—
year
record
compared
22,033
profit
657
12,604
received
for
The
■
$57,544
Depreciation
162
44,443
stock,
last
a.share of
Exchange Buffet Corp.—Earnings—
before
1
——
directors
provide
In
Profit
foreign
the
enemy
—
India
Capital Corp.—22-Cent Dividend—
Shipments
expressed
1943—3 Mos.—1942
$1,157,953
1941, the previous record year, and more than three times the
average for the five years ended with 1940.
This amount, which was
on
the basis of original contract
prices, was reduced by $69,360,000 to
•
Period Ended Jan. 31—
$1,414,316
$56,389
common
previous
policy that railroads
should reduce fixed charges.
In this the Erie is in hearty accord.
i
"The entire matter will be considered at an early meeting of- the
board."—V. 157, p. 992. '
•/-/
;. .'-.'VS
^ -V<'Vi./::
f,
in
Canada
992.
p.
Orders
•'
application
'
■;
$90,448
Co.—Preliminary Report
Year 1942—Gerard Swope,
President, states:
mortgage 3% %_
$14,000,000 4% collateral
.
$113,436
,—
$113,436
dividends
General
v
Corporation.
.
price at which the bonds
the
that
Brazil
than in
the
of
$8,983,000,
Argentina
518,091
cents; Oct. 10, 22 cents, and Dec. 28, 44 cents.—V.
Finance
question
688,396
income
The
'as of the time when the directors concluded
the underwriter's offer, 96 was a good price for the
however,
income
152,
the
..
;
denied
47,530
-
General
consolidated
purchase of
Reconstruction
does
bonds.'.
did,
of
the
said:
95.760
portion
to
$5,216,475
stating
finally to accept
new
Commission
$14,000,000
refinance
by
Commission
■V "The
were
Commerce
sell
bonds
president of the Erie
600,567
706,444
deductions
Common
to
Statement by Robert E. Woodruff, President—
•'
764,141
the
including
immed.ate
no
impair
56,404
29,766
(not
Australia
income
Income
the
and
70,649
deducting
amounting
fs $27,147,000, distributed
exc,
(net)-
Depreciation
required finding under
section 20a of the Interstate Commerce Act that the proposed issue
(a) is for some lawful object within applicant's corporate
purposes
and compatible with the public interest which is necessary and appro¬
priate for, or consistent with the proper performance by it of service
to
&
after
company,
investment
Sweden
presented
evidence
2,155,720
67,893
income
Payments
unable
$4,528,092
3,133,045
,
inc.
abroad;
by
foreign
Great Britain
-
are
we
$6,706,342
198,402
taxes)
Operating income
at .all
reach
$422,549
Other taxes
incident
so
need
we
$685,580
132,925
.
(Fed.
profits
treasury of the
Further¬
the
it is not necessary to do so to the extent proposed.
seems somewhat doubtful
if it is necessary to do
company,
on
is
should
retiring
concerned,
are
ment
held
1943—12 Mos—1942
300,677
Maintenance
it seems clear that it would be a
mistake, in the present tide of apparently revived earning power,
to
ignore the fact that they have a very heavy burden of debt
and that it may be a crippling burden
in the future, if earnings
should radically decline.
We have noted with approval that many
of the managements are avoiding this mistake and are using the
favorable earnings of the present, in one way or another, to reduce
fixed charges as rapidly as practicable.
While stockholders may on
first thought be disposed to object to such a policy, it is the stockholders
who
will
suffer
most in
the event of future insolvency.
They will, we believe, be shortsighted if, by insistence on immediate
dividends, they jeopardize the continuance and possible expansion
of a program of debt reduction.
It is clearly the sane and sound
policy to pursue;
bankruptcy
(& Subs.)—Earnings—
1943—Month—1942
"
revenues—
i081
Greif Bros.
A
dividend
stock,
no
Payments
of
par
last
Cooperage Corp.—Class A Dividend—
80
cents per share
value,
year
has
been
declared
on
the
class
payable April 1 to holders of record March
as follows: April T, July 1 and Oct. J,
were
A
23.
80
THE COMMERCIAL & FINANCIAL CHRONICLE
1082
cents
to
share.—V. 157,
per
complete
473.
p.
and
issue
therefore,
has
Jan.
on
City Steel Co.
Sub.)—Earnings—
(&
sales
Cost
of
_
goods
Provision
Selling
sold
1941
16,257,279
for
-
depreciation-.—....:
and admin, expenses
;—
and general
1,004,677
546,628
$1,171,776
$873,627
18,837
The
income
Total
.$1,190,613
^
___
$890,652
—
income
Interest
paid
.
-
122,004
income
V.
157,
272,000
Profit
for
♦No
year
:
provision
Federal
for
2131.
p.
,
profits
•
"..
excess
■
,
$479,247
133,871
$616,275
133,871
•
_____
paid
necessary.—V.
tax
156,
:•
'
the stockholders on March 8, the company
consummated
the
purchase of 46,511 shares of its common stock
■which were not owned by anyone connected with the company.
Stock
approval
of
shares.—V.
outstanding totals 383,885
now
157,
898.
p.
revenues
Passenger
Other
—
Total
incidental
Joint
facility
Total
Maint.
revenue.,—
Vice-President
revenue
Dr6,484
of
of
Traffic
$23,647,847
succeed
dividend
Net
income
State
income
other
Net rents
operations-
railway
Other
758,436
212,640
82,066
795,022
.
income——————
:
1,038,203
income
2,198,101
1,364,508
$5,648,668
-
__
$3,661,460
167,262
131,492
$5,815,930
$3,792,952
19,017
17,477
-
Total income
——.————.
—
deductions from
Miscellaneous
$5,025,968
$7,846,769
-
———
income-;—
operating
616,651
1,039,878
______
__n__—
(Dr)
railway
$7,521,323
income-
available
Income
charges
Net
30
tant
349,361
ordinary
350,857
$2,013,908
—————
„A—..
appropriations
♦Includes
1,410,710
defense
of
amortization
$252,970
L.
and
in
of
excess
charges.
depreciation
Investment in
road
bonds
at
as
Assistant
i
and
Loans
510,067
"The
its
13,760
receivable.—
bills
735.817
receivable.———
1,108,707
Material, and
supplies-;——__;i_
1,868,936
11,967
1,669,906
4,026
—J—
107,993
90,289
_
426,586
Other
current
assets
_
Deferred assets
Unadjusted debits
1,830,260
3,353,920
———
—.
————$91,195,570 $84,456,606
Total
Liabilities—
Preferred
stock
in
Grants
,.
'•
i;'-_
bonds, series A, due June 1,
in the order of their
its
of
•"
.
interest.
Net'
so
be
to
as
in
March
on
'
1942
stock,
in
of
Approval—
April
about
$600,000
John
V.
E.
157,
993.
p.
'
in
■
i
■
■
of
farm
5,739
36,320,500
of
V ;
'• "•
1
and
157,739
of
___
_____
Unmatured interest accrued..——
Accrued
Other
tax
Unadjusted
486,514
————A,—_/-f'■ 6,972,035
4,733,453
4.277,246
Net
Net
Total
—V.
157,
Haloid Co.—Smaller Distribution—
directors
The
the
15.
Previously,
share
this
on
July
on
1,
declared
have
stock,
common
817.
the
//.i.
share
per
on
and.-in
156,
quarterly dividends of 25 cents
paid
company
issue,
'
cents
20
$5, payable April 1 to hblders of record March
par
1942.—V,
of
dividend
a
addition,
an
extra
of
25
cents
per
paid
was
122%
p.
As
net
in
the
on
letter
a
Gas Corp.
12 Months Ended Dec. 31—
Operating
stock
non-cumulative
this, net,
likely to share in the road's war-time pros¬
future, J. L. Beven, President, indi¬
stockholders
preferred
Beven
March
on
shares
with
.
a
1941
$583,167
3,056
2,670
Total
operating
Operation
Abandoned
to
$17.52
for
General
15,439
City
Salle
$25,140,000;
value of
sale
expense..^
A A—
5,771
the
1,202
March
of
1957
1,
160,647
165,119
not
to
25,116
16,665
the
close
-..i.—
41,507
38,822
cease.—V.
Bank
paid
carrier
reducing
$10,000,000,
of
until
30-year 5Va'.'r
to
exceed
Trust
&
111.,
Chicago,
it
to
depletion—
and
—— _
National
St.,
plant acquisition adj..
depreciation
of
The
La
16,950
.....
amort,
taxes
256,712
18,778
an
amount
101 %
Co.
Noon
and
sinking
Bonds
March
22
on
of
exceed
I
income
taxes
commercial
successful
a
4,400
-
its
Interest
long-term
on
80,775
Amortization
Other
of
debt
interest
84.398
transfer
this
9,941
11,790
share
Texas
106
115
discount
and
expense-
.....J
...
The
stockholders
of
The
Texas
Indian
Net
-V.
doss)
156, p. 2223.
-
•
'
,
Indiana
The
company
the
on
on
156,
paid
15
no
last year were
cents.—V.
25
March
stock,
common
Payments
15,
Harbauer Co.—12V2-Cent
par
Dividend—
dividend
value,
follows:
as
p.
a
to
of
12Vi
holders
March 30,
Operating
cents
of
record
12Va
cents;
per
share
To
relation
March
and
5,
Sept'
1150.
Operating
The
directors
the
we
have
companv
are
now
decided
issued
in
the
the
to
defer
dividend
action
following statement;
process
of
renegotiations
in
company
the
wartime
:
to war work is substantially completed.
war production
to rise until war output in,
production Of farm equipment and other Civilian
$6,700,000
I
sales
fund
i
date
must
and
U.
Oct.
31
V"'
■.
volume
it
events
is
Sub.
Cos.)
1940
1941
of
I.
(Excluding
1939
$
;
i
v
185,993.730
26,653,794
26,460,436
339,079,630 334.371,436 248,028.605
S.._
cos25,446,970
30,263,622
364,526,600
364,635.058 274,682,399
212,454,166
275,964,199
-
admin.
coll.,
270,894,691 208,366,559
171,959,387
&
29,012,736
29,462,769
7,259,393
6,707,742
6,665,333,
2,250,000
1,750,000
52,235,313
47,285,640
22,954,969
2,616,677
2,275,554
4,123,962
3,559,651
3,535»767
3,710,749
4,036,471
3,446,673
318,751;
Drl,536,743 Dr2.602.115 Drl,910,617
on
34.403.129
1,000,000
w-T
losses
for
38.195.334
7,314,352
exps.
Dr665,575
re¬
w_
receivables,
on
etc.
from sub. cos.
rec,
Contrib.
withheld at
for
delivered
thereon
by
to
pension
fd.
trustee
Prov.
for guar.
of
bk. loan
Crl01,960
Misc.
Dr458,639
Drl55,536
Dr820,155
946,753
charges
Dr800,000
Drl07,491
foreign. subsid.^__^
Misc.
237,835
182,091
302,345
credits
fr.
before
Fed, inc.
for
...
57.626.095
51.823,154
28,077,231"
tax
§30,879,543
17,421,008
5,151.121
opers.—
26,746,552
34,402,146
22,926,110
tax
Prov.
for
Net
Fed.
fr.
inc.
.
Other
chgs.
Prov.
for
&
for
Prov.
will
•
oper.
prov.
So.
be
the
since
advance,
in
$
users
goods sold
(less tax,
.;
208
bids
interest
Moreover,
ii
securities,
debenture gold bonds due
$80,224.11, at prices
accepted
estimated
Ended
Years
Total
of
Divs.
exhaust
which
sales.
the armed services as dictated by the
Net income from sales
,
trustee,
18
be
cannot
such
of
'
was
received
Chicago,
"cannot be judged
war products are
Total profits on
1942.
volume
the
to
Account
subsld.
Cost
^Excess
inc.
5,287,810;
1,411,000
3;876,810v
credits:
inv.
-
res.-i_-1
^
Dr3.000.000
f
for'n invest.
Dr2,000.000
is
assets
for
owns
each
157,
Texas
four
91.6(*
Co.—V.
to
p.
of
shares
the
Co.,
in
of Indian
outstanding
an
common
fRcversal
of
254.
Corp.—Earnings—
1
Net
Surp.
Pfd.
.
1943
1942
1
revenues
oper.
Telephone
$178,077
$166,809
180
rev,
expenses
for
lease
of
96,209
$78,444
$70,438
prop
50
68
43,667
oper.
at
this
to
the
time,
fact
impossible
to
Net
Net
—V.
operating
income
157,
p.
31,370
income
$39,000
$34,727
20.554
729.
23,161,110
.7,952,810
yr.___
divs.
at
,
90.763,708
98,168,721
86,411,443
86,207,074
124.915,273
Common
117,046.031
109.368.184
shr.
98,716.51*
5,717,068
5,717,068
5,717,068
5,717.068
.10,613.103
$7 per
divs.
13,160,242
10.188.568
6,792,376
„—_
7,051,105
1,200,000
adjusts..
Surplus
.
taxes
30,634,588
.
162
99,453
revenues__
.1,076,000'
3,000,000,
26,746,552
beg., of
at
Surplus
235,000
______—;—
income
Earns,
operating
150,000
of. reserve
Total
Associated
1,082.442
reserve__...
,
stock.
stock
common
of
♦Reduction
offer to
exchange of one
approved
♦For
-
31,786
end of yr. 107,385,102
sh. on com.
$4.95
at
per
losses
on
receivables
98,168,721
(estimated
86,411,443
$4.11
$5.87
excess
of
reserve
86,207,074
$0.53-
applicable
to-
years}.
tOf 1938 provisions■ for development and
authorized in 1938, expenditures charged to cost
of .good.*,-. :iPreviously-provided for investment in an associated com¬
pany sold In 1941, .^Includes excess profits tax of $4,750,000 in 1941and $16,903,785 in 1942, after deducting post-war refund of $250.000..
receivables
extension
"Owing
it
stock
Co.
held last week
meeting
a
,
Net
Operating
Hayes Industries, Inc.—Omits Dividend—
that
factor
,
the
Selling,
.
at
January—
Uncollectible
Rent
and
The
machine/
•
,
':i
dealers
in
.
company's
Refining
Month of
(The)
tei
$10,567
debt.—
...
1941
of
sales;
372
$85,737
in
years
conversion
curve
requirements of
To
Indian Refining Co.—Sale Approved—
...
,
$28,830,000
labor-saving
important
an
reserve
$84,382
•
•
earnings
•
added,
of experi¬
cotton picker had been developed to the
1942
155, p. 1214.
$6,440
'
i
Net
'
products-and for the
by the armed forces
$700,000,000.
from
increased
■
Federal
needed
war.",
Net
its
March
on
sufficient to
int.
and
business
all motor trucks sold
manufactured in prior
announced that after 40
mechanical
be
situation.
Income
share of common
a
Illinois Power & Light Corp.—Tenders—
$585,83*
249,511
—
_________
13,325
well-drilling
leares
for
Provision
$614,616
-
i———
———___
Non-productive
Provision
income
—
to
v
was
product
Inc.
Maintenance
sales
(It
,
record-breakingdividends
$10,000,000 to the
indebtedness to that
$4,600,000' was spent for company
the
says,
Corporation,
to
par
1942;
profit outlook for 1943,"-states the report,
war
Int.
14.
1942
used for
and
improvements to the property.
The- remainder ,of
$3,700,000 was added to the board's working capital.
No dividends have been paid by the road since 1931.—V. 157, p. 899.
a
been
McCormick
Mr.
taxes
source)
Mr.
Finance
agency
having
its
it
could
ceivables
add'tions
$611,560
(net}——,
to
sent
$364,635,000.
in
armament
company
Allies
its
company
overshadow
in
ment
outstanding.
Of
bends
1942
revenues
Non-operating. income
■.
,t
$28,914,001. equivalent after allowance for 6'J
Reconstruction
(&' Subs.)—Earnings—
not
1
-subject.to availability of critical materials and to the changing equip¬
immediate
previously reported, this road ended
income of
Government
Hamilton
Planned—
Illinois Central RR.—No Dividend
cated
total
the
Deprecation
are
had
special
the
by reference to the results of
small
$1,091,264
871,855
$1,185,395
-
935,778
the
for
of
proud,"
is
company's
will
"The
.
1,667,581
•
in
nearly
and
1942
products.
•
.
income.-
at least
it
expects
1943
*
/
.
1
p.
during
1942.
work,
manpower
Prov.
perity,
:
2373.
p.
•„
The stockholders
898.
p.
income
in
where
gen.
$91,195,570 $84,456,606
157,
taxes
•
parts,
machines
and
States
1942
in
believes
$2,764,246
; 1,672,982
operating
1941 of
increases
-
President,
1;
company*s
point
to holders
Vi cents
1,344,726
Corporate surplus
—"V.
526,401
524,028
603,799
credits
143,
15
1,823,097
691,985
,
1941.-
"that four of Its
factories, Milwaukee Works, St, Paul Works, Tractor Works and West
Pullman ^ Works*
have been awarded the Army-Navy ' "E" for out-<
standing achievement in war; production."-' •
1
:'r
Late
Issues was 12
these
1942
$9,214,744
25,098
6,425,400
Operating
518,973
liabilities^-——-
liabilities
Deferred
payable April
value,
par
payment on
operating reveiiues_»,_.__*_-__l„_——$2,852,976
Net
1942
orders
company
The
''
"
-
—
expenses
in
of $3
Fowler McCormick,
.marked decreases, due to-substantial
production
and sales by government
showed
products
United
$42,298,000
dividend of 50 cents per share on the
a
no
1935,—V.
>:
1943
$9,547,437
rev.15,045
6,679,446
Operating
4,012,446
______
liability—_____
current
the
mental
Month of January—
1,698,413
59,603
141,508
payable———1,500,401
Miscellaneous accounts payable
120,531
Interest
matured unpaid—
:
128,537
wages
large
repair
on
farm
purchasers
unfilled
■
Telephone Co.—Earnings—
oper.
showed
truck
Many
regular
"The
of
Uncollectible
share of common'
with $5.87
per
dividends
stock
$364,527,000,
with total sales in
sales
v"';
Total
many
line to
the
$4.95
to
dividends, as compared
of
imposed
civilian
to
.
equivalent
common
were
machinery
regulations.
The
last
The
Operating revenues-
/j
Oct. 31, 1942,
$30,634,588 in
income
'
stocks,
B
31.
Bell
ending
of
year
net
,
was
with
motor
restrictions
.
,
Hupp Motor Car Corp.—Leases Property—-v'.;.;v
See United States Rubber Co. below.—V. 155, p.yH0l^ }/'i
Illinois
with
0.n the other hand, sales to non-governmental users of motor trucks
the
1 35,304,300
balances.—344,594
car-service
class
March
share on Jan. 2,
per
$8,258,908
28,375,975
$8,265,890
28,442,475
_
accounts
and
A
record
.
special ordnance products, (2i sales to the govern¬
other products, <31 sales of farm equipment repair parts, and
sales
(41
,
.
have declared
directors
The
fiscal
its
for preferred
compared
as
classes
of
and
It
class
t
,
in the Marine Department,
Lucas.
'
-; -
were
1942
government
ment
Defense Plant Corp.
Junction, Tex.,, fof
15,
Hunt's, Ltd.—Resumes Dividend—
of
for
compared
net-income
sales
Four
.
has been elected a Vice-President.-r
General Counsel,
Buck,
This
compared
as
reported,
the
Manhattan RR. Co.—New Vice-President—
Hudson &
Roberts,
paid in the calendar year 1942 at the regular
preferred stock and at the rate-of $2.50 per share on common
Total
it will require a substantial
Houston stated
oil line.
before it can sell
Corporation for $2,625,000 cash.—V. 151, p. 1433.
the
of
the North America
who also is Assistant
of
Vice-President
Calvin S.
Harvester Co.—Annual Report—
Dividends
on
stock,
17
in Houston's existing structure before conveying to
its natural gas line from Refugio, Tex., to Pierce
an
were;
Biddle,
to succeed Mr.
company
after provision
1941.
rate
be used to construct new facilities and effect changes
The money is to
Assis¬
and Bradford Smith,
for many years gen-r
and General Counsel.
M.
Assistant Secretary
Secretary
1
The
Boston.
Of
of
of
organiza¬
Indemnity Insurance Co. of North America.
Farnum,
Marine
income
1941.
if deemed
position,
a
asked the SEC to permit it to issue a
$600,000 promissory note to enable it to complete the sale of certain
pipeline facilities.
The note is to be drawn from First National Bank
company
the
office
annual
Secretary,
Edward
Assistant
election
the
Vice-Presidents
as
-
Houston Gulf Gas Co.—Seeks Note
The
of
the
$26,746,552,
was
has additional cash available to purchase or redeem
bonds and $25,000 will be deposited on April 1, .1943, in the
bonds
A
by
Marine
new
a
at
18
Named
Vice-President
made
was
office
new
made
formerly
and
March
on
company.
Secretary.
International
said, in part:
.
v ,:
principal amount of its series A
offer dated Jan. 4, 1943, to buy such bonds
$45,200
>
__A_
;
construction—12,357
of
aid
and
Audited
•
(284,424 shares}..
term debt
Traffic
;''
■
(590,420 shares).—I-——.
stock
Common
Long
—
/
.
taken
.
3,059,458
interest and dividends receivable————
to holders of
March 31,
cents.—V. 157,
following were re-elected: Benjamin Rush, Chairman of the
John G. Piatt, Vice-Chairman; John A. Diemand, President;
Learning Smith and Ludwig C. Lewis, Vice-Presidents; J. Kenton
Eisenbrey, Secretary-Treasurer.—V. 157, p. 899.
advisable, to use
bonds to satisfy sinking fund obligations in future years and is willing
to pay
105 and interest rather than to call them for redemption at
the lower redemption price; provided that bonds can be purchased on or
before March 25, 1943.
/"
'
"Accordingly, the directors have authorized the purchase of up to
but not exceeding $175,000 principal amount of series A bonds at 105
and interest to March 25,
1943, and the application of any unused
balance of such
money
not needed to purchase the bonds pursuant
to this offer, as well as the April 1, 1943, sinking fund payment, to
the redemption of series A bonds at 104 and interest on or about
May 1, 1943."—V. 155, p. 503.
'W
series
558,025
agents and condm tors
from
45
The
331,176
accounts
Net balances receiv.
23,
T.
company
series A
3,746,443
Miscellaneous
31
Board;
sinking fund which must be used for the retirement of such bonds.
"On April 1, 1943, the redemption price of the series A bonds drops
from
105'*
to
104
The
company
is
interested
in reacquiring
546,218
____
.
and Dec.
named
were
created
was
Lucas,
Fire
Henry W.
was
Federal St., Boston, .Mass,,
49
Treasurer,
purchased
result
a
and
105
at
1,100,000
9,773
deposits
cents per share
15
March
payable
stock,
cents each,
15
this,
Vice-President of
$71,507,045
3,851,300
dividend of
interim
an
common
30,
of
counsel,
filled
was
including March 25 receive offers for the .sale to the
105 and interest to March 25, 1943, of not exceeding
company
Defense
etc.—- —$74,419,363
4,791,141
equipment,
and
investments———————
cash
Temporary
Special
1941
declared
Vice-Presidents
new
former
The
.
by
receipt
part
1942
Assets—
$649,802
.
meeting
eral
and
conversion into
Comparative General Balance Sheet, Dec. 31
121,498
$713,240
.
Gv Brinton
,
,
Sought—
Co.—Tenders
Electric
Reiser,
to
up
company
705,097-
707,992
projects
76,109
$637,382
Distributions during 1942 were as follows:.
Vice-President
Jr.,
,
and July 24, last year.—V. 156, p. 2132.
May 6
$176,000
first and refunding mortgage
1950.
Tenders of bonds accepted will be
$3,775,475
1,417,336
income
Dividend
>'
$5,796,913
charges—
$4,030,216
charges
Contingent
fixed
for
——
68,815
$589,807
divs._
value
par
years.
Fixed
504,875
817.
p.
no
Three
..
'
2,603,860
L_
———
_____
Net
52,404
$12,498,169
-
„
taxes
operating
Railway
5,
Houston
Oscar
will
1,114,203
Crl2,581
taxes——
taxes.
Feb.
on
March
record
of
6,834,230
investment-.________
Pay roll taxes
All
holders
"The
95,886
the
P-- 729.
has been declared on the voting trust
stock, no par value, payable March 23
15.
Distributions of $2 per share were
1,039,671
1,114,965
for
Sept.
share
per
3,377,493
————-
from
revenue
Federal
$9
1,047,947
General expenses
for
of
3,721,102
______
157,
tion
Barbizon, Inc.—$9 Dividend—
Hotel
.
the company.
,
Mr. Reiser, in a notice dated March 10,
Transportation
*
Miscellaneous operations
Transportation
Locke,
Campbell
8,938,161
-
avail,
24.
;
,
New
♦4,509,984
___.
495,747
618,365
$1,255,245
483,945
504,875
u
June
Treasurer to
York, has been elected
retired.—V, 156, p. 1953.
of
Gulick,
A.
♦4,968,039
structures.1
equipment—
and
way
Maintenance
£>r2,919
$33,173,151
net—
revenue,
railway operating revenues
$1,285,096
156, p. 2307.
Homestake Mining Co.—New Treasurer—
Archibald
720,824
187,403
$1,211,071
837,331
.
Insurance Co. of North America—New Vice-Presidents
made
347,168
—
the board.—V.
on
684,945
Cr24,528
charges
record March
of
place
the
1941
734,806
r.
the
-had existed
$30,736,553 $22,122,768
619,770
1,361,108
revenues
transportation
of
General
to
1942
Freight
Secretary and a director of the
Orrin G. Judd, now Solicitor
State of New York.
Mr. Vander Veer, for many years
of Home Title Guaranty
Co., fills a. vacancy which
takes
Corp.,
873,260
878,525
$1,070,154
The directors have
on
certificates representing common
Calendar Tears
Account for
elected
have been
Veer
is Vice-President,
who
Willnus,
Intertype
A
Income
Vander
T.
Milton
and
Willnus
948,660
989,732
$2,710,941
Inland Investors, Inc.—Interim Dividend of 15 Cents—
.
G.
:
Ohio R. R.—Annual Report—
Gulf Mobile &
—V.
Guaranty Co.—New Directors—
Title
1,036,045
deductions
Bal.
1940
$2,843,301
taxes
income
Other
1941
1942
$3,038,257
retire¬
local
and
Interest
directors,"
Co.—Acquires 46,511 Shares of Stock—r
Gruen Watch
Following
Net
&
deprec
or
Fed.
on
817.
p.
Harry
■
_
:
March 15 announced it will open sales offices in
April 1 for its cellulose products, naval stores,
explosives
and
paper
makers chemical
departments.-—
Home
Mr.
Dividend
ment
All
on
Mass.,
139,405
452,334
__
_____
♦Prov. for estimated Fed. normal tax and surtax
on
as follows: Jan, 26 and April 26, 25
and Oct. 24, 25 cents.-r—V. 157, p. 253.
were
75 cents,
24,
company
synthetics,
17,025
Profit
July
Hercules.Powder Co., Inc.—New Sales Office—
Boston,
Other
1942
during
each;
maint.
1943
$3,095,932
revenue
Oper.,
$18,682,210
15,120,502
947,368
497 930
-n-_
Gross
last...
Payments
cents
194?
$17,737,576
Calendar Years—
Net
25,
Indianapolis Water Co.—Earnings—
12 Mos. Ended Jan. 31—
15 cents per share was made
A distribution of
time."
sideration at this
Granite
usual quarterly statement.
The,, board of
thought it advisable to defer dividend con¬
the
directors,
Arrearages as at Jan. 1, 1943, amounted
each, and Dec. 29, $2.80.
$3.75
Monday, March 22, 1943
-
of,prior
program
Volume
THE COMMERCIAL >& FINANCIAL CHRONICLE
Number 4161
157
Balance
...
Sheet, Dec. 31
1
1941
„
_
——'
—
:
Total
1-
-
Net
21,291,353
$13,024,995
$7,059,110
4,153,000
525,000
844,600
Other
Federal
Other
,
from
railway operations
485,000
taxes on income—
taxes
taxes
887,567
and
Railway Operating income
Total
rents
'
rent income
Total
517,780,135 484,603,941
Net
payrolls, etc,
$32,166,273 $34,400,208
Accrued taxes (Federal, State, 'etc,)
—.
43,322,481 29,512,792
3?fd: stock div. decl. in Oct,,'payable in "Dec.—
1,429,267
1,429,267
'Com, stock div. decl: in Nov., payable in'Dec,— .
2,122,621
5,943,337
fCom: stock'div. decl. in Nov,, payable in Jan;_„
2,122,621
2,122,621
invoices,
payableUo subsidiary companies-—
314,823
;$peferred credits ———'
—r————658,722
^Reserve for special maintenance-//.:
1,115,953
'Reserve for development and extension-—,
5,915,949
.payable
;
Reserve
fire'insurance—
for
I
—
other
operating
income
$4,729;810
718,384
fixed
Net
686,046
$5,448,194
income
2,878,733
-2,878.640
$1,846,122
—
—
of income
420,000
420.000
$2,121,785
•
as Amended,
the electrical properties, and the
an electric business, owned
by the company and
Light Co., were to be sold to Union Electric Co. of
Mo., and a contract -carrying out this provision of the plan was
signed Aug. 12, 1942,
The contract provides for the payment1 by
Union Electric of a base price of $8,60ft,000
plus certain adjustments
$1,426,122
•
Power
&
Light Co, have agreed upon a division of the price of
$8,600,000 and the company will receive $2,200,000 as Its share.
The
$230,073
Sheet, Dec, 81
contract
,-.
Maintenance
funds.
-Miscellaneous
Investments
,
1,494,546
physical
property-—-———
companies—
affiliated
in
•
Cash
U.
——
8.
It
\
announced
was
on
tiations nvhich/it rhas
March
that
16
as
result
a
of
the ,Turkish
:now, concluded 'With
1.470,303
4,106,290
3,000,000
2,76.0,163
Briefly the
These
blocked
funds
dollar
account
and:
"appropriate, license
Materials
Interest
cates,—V.
held
now
be
freed
in
the, United; States
supplies—162,347
receivable.
1
1.48,128
1,744,127
155, p.
a
/
dividend
;/ H;".,// -,//.//.;/,., ,.//
/■/;/'//1-
.'■>/
Long-term- debt
Audited
r!
Dividends matured
Unmatured
Accrued
'
company.
"
..
4 '
,
/://';//r •-'•'
by
3),
69,334,000
stock
of
48,493
"378,975
475,696
474,733
-
1,524.885
^
accrued
-
accrued—_4—2^".'
5,909 V
4,760,316
10,699
838,983
—1,358,158
485,689
'
liability—
——
——d-—-
credits
Unadjusted
———————————
—
L
-Corporate .surplus
Total
-
1;086,828
1,515,269
8.849,196
de-
The
in
Mr.« Yungbluth's. announcement was^made; after
meeting of the
board of directors.
Resignations of Dr. 'Arthhr, A. .Mitten,:-Joseph,-A.
.
.
:
.
annual
■
to
ney; John
-
i Mr.
*
•
plan
approve
A
-each;
1, 50 cents, and Dec. 23,
Oct.
$1.50.—V, 156, p. 2224.
: r
'
Investors Royalty
share on
per
.
.'dividend
of
per
:pavable March 26.
the common
; on
stock
!—V.
the $25
of
two
March 28
on
threescents on Sept.
with
r
30,
par
cents
share
per
also
were
and one cent on March'. 28,
1941,
156, p. 1052.
■ ■
1940
-,
,v; •;■
1941. I:
,, ..'v,;
Jacksonville Gas Co.—New -Securities. Ready
Holders, of first
1,
.May;
mortgage "sinking fund .5%
'debentures
acnes,
-there
-and
1952;
is,
how.
gold
$498,276
15,782
$534,907
31,558
Operating income
Non-operating income
-bonds
..
and
stock,
of
income
Jacksonville
■>.,/,,;tb';prior
Gas
'New York,'30 Broad St., New York, N. Y,, exchange agent under the
plan.—V. 157, p. 994.
"■
"»
,
Maintenance
$1181326
51.743
$1101388
49,677
Dperating revenues
Operation ■ l~.~L.J~*.*.—1
"13,408
—
"10,128
,
Total
-
18,723
8,446
faxes
.Utility
operating
inc.
jOther .income—net
$38,856
•
$37,733.
.
Dr 192
;
"
,105.268,
Dr76
.
.
surplus
paid
;
.income'.
^Retire,
reserve
$37,657/
r;'7,500..
$38,665
.
.accruals.
8,333
.
.
•
-I.
—
157,
—V.
dividends
'604.
p.
.
.
$30,157
.
8,154
$.743
$.21,588
income,
iPrbfereuce dividend
t'Net
■Common
$30,331
—
deductions
1
requirements...
paid—J.P.S.
$22,003
,
Ltd—
$363,233
.$238-981
:
'92.029
91,800
'
•
84,259
91,800
■
-
$3,330,409
suYplus—
;
$3,206,966
$3,071,487
———•
i
Jewel Tea Co., Inc.—February SalesPeriod-End. Feb. 27—
•Sales
' l
:-V.- 157,
p;
1943—4 Wks.—1942
$4,250,929
-----
$3,922,375
1943—8 Wks;—1942
18,563-,448
debt
stock
preferred
($100 par)—
$4,429,300
2,000,000
2,000,000
4,211,000
shares)
will
until 1J. A.M. on
gold bonds to an amount sufficient to exhaust $52,112.27
Tenders should be submitted at a price
(exclusive of accrued interest).—V. 157, p. 640.
taxes
Contributions .in
Miscellaneous
Premium
-Capital
."Earned
on
aid
of
reserves
and
deferred
preferred stock sold—
surplus
165,000
139,143
257,895
708,959
702,861
282,988
1,383,253
64,730
1,242,649
198,963
197,792
—
construction
surplus
—
264,261
accrued
Dividends payable on preferred stock
-'Reserve-"for depreciation:
;
;
Bank & Trust Co., .trustee, Louisville, ky„
May 10 receive bids for the sale -to it, of general,
credits
255,948
11,290
262,173
11,290
320,140
320,140
3,206,966
:
3,071,487
mortgage 6 f>
jin the sinking fund account.
Total
and
Total
—V.
•
157, p.
of
7)
will
by
20
one
common
stock
approximately $11,214,850.
structure of
be
the
to
increase
company
capital
surplus
plan
as
the
on
the amended
proposed in
as
:
■
shares;
$9,318,150
20,000,000
—5,000,000
-amended,
interest
Statement
Income
charges
for
will
Calendar
be. reduced
Operating
expensed—_
——
Years
-1939
1940
1941
—$8,303,282
revenue
Taxes
$6,947,728 t$6,753,943"
374,870
366,788
$7,515,686
$7,322,598
$7,120,731
2,555,302
2,952,439
1,3951248
1,201,747
303,499
533,010
527,608
523,096
3,117,349
1,193,010
313,604
511,650
Operating profit—
$2,844,538
$2,743,716
$2,341,816
$1,985,119
2,081,222
2,118,632
2,116,942
2,119,897
$763,316
$625,084
$224,874
$$134,779
2,916,967
1,701,150
307,618
Maintenance expense—
expense—
income
...
—
"^Including $16,096
,
293,811
from
affiliated company,
an
tAfter deducting refunds to be made.
$Loss.
"
/■•;
■ ■.
■ •:■
Comparative
Balance
Sheet,
1941!
1942
Special deposits
Investments
:
—
—
$58,467,179 $57,936,269
145,338
70.987
1,645,471
„■
1,664,895
1,001,408
;
receivable
7,900-
7,900
—
—
'CaSh
";f
I"
Dec...31
Assets-—
Accounts
'
,
ah-(if filiated company.-:
Property, plant arid equipment__-_
Unbilled
1,232,932
*414.000
—$49,300
income
—
846,389
A82.173
—_—1~-
1,140,579
1,197,469
Inventories
Deferred charges
*
-4,211,000
817.
of
$63,703,565 $63,406,626
-
Liabilities—
Common .stock' (50,000
and
the
—$17,129,225 $17,219,305
—
Interest
all
100,474
$4,429,300
'
Liberty'National
660,090
394,565
13,846
94,313
expense
491,844
1
$7,875,715
Kentucky Hotel, Inc.—Additional Tenders iSought—
161,441
'Long-term debt——
—_
Notes payable to banks
-Accounts payable -—I-—-U_;—
!'C(fc}tomers' deposits
——
.•
share
Operating revenues — §$7,874,784 "'$7,077,718
Non-operating revenue428.498
437,968
Liabilities—
..Cumulative
each
for
par)
Total
Total
.
The
1.290
•
18,970
—
—
.
6
1941
332,551
\
and
($5
§ Including $12,480 from
Dec. "81
'•
:
1942
supplies—i.
discount
the
of
foregoing will be that upon consummation of the
common stock of $100 par value will receive I
1942
-
$2,999,814
Sheet,
(insurance and expenses)—
Unamortized
in
$910,000 annually.
-258,922
1.290
and
(7) the cancellation of 19 out of
($5 par) value which each holder
be:
the
Under:
•
$3,258,736
258,922
.184,822
receivable
increase
cancellation
2,873,112
21999,814
$3,336,439
Consolidated 'Balance
investments
the
10/year 5 xkdebentures
$385,624
$330,595
/-
..-Prepayments
101,959
$260,053
'.$308,285
77,339
129,473
.
$340,940
.
103,180
•
-
result of the decrease
as a
and
4),
stock
(par
$5i:
autliorized,. 7,500,000
and outstanding, 1,863,630 shares_„^:—
first mortgage 3V2'/ bonds^—
17,716
———-:--i---I—.—————
iMatefials
'
Gross Income
3,071,487
Assets—
/Cash,
i
Income
$264,952
pfd, Stock-/—^
earned
preferred
•Deductions from income
1'; 1,321.
surp._
at be-
—
cum.
on
.."Miscellaneous
.90,000
...
would
issued
Retirement
/
surplus
of
($100 par)
stock
company
capital
Common
-
1.75^57
$430,940
/90,83.3.;
the
$626,732
318,447
—
11,955
$454,066
...
$620,196
6,536
.Utility plant -—
—/——
:$15,445,432 $15,315,952
.Capital stock-, expense—I
246,720
246,720
"Other physical property, at cost—:
_•
192,055
202,904
.Special deposits (for payment of interest)—
121,228
•122,023
/Accounts
"v Gross
28,509
year——
.
$418,985
$465,328
Drl1,262,
of
-i -Balance, of
$1,242,106
"541,215
.106,349
.
earned
of
1943—12 Mos.—1942,
Si;352,514
623,760
158,157
Items
of
Net
Janiaica Public Sciwice Ltd.- (& Subs.)—Darnings
>
$284,370
29,185
:
282,095
$234,446
share
corresponding
Item
in
preferred
2,516,020
$566,465
279;612
(net)—
.years
-ginning
-r
i
Divs.
1943—Month—1942
$514,058
/ Net. inc. carried to. earned
-Balance
urged.to communicate with the Continental Bank •& Trust Co;, of
*
gross
prior years' taxes (net)
Miscellaneous adjustments applicable
•
:Periocl.End.:Jan.31—,-
—
income—.
—
from
of
'Adjust,
.,
Corp. and ..cash .to which, these holders are . entitled under the:plan
i for
distribution of voting power of the Jacksonville >Gas Co. ; Holders
-Who I have "not received notification of -their rights under • the "plan
are
(net)———-
-Net V income•
-
.
available
in
plan
$3,136,216
'
bonds; 6> income
Mav,
1,
1952:
6'//.<: gold -debentures • due6'( - income
notes
are
being
notified
thalt >
due
of the
-Consolidated
:
the
and
in
of
one
of
shares
outstanding
20-year
1941
stock
com¬
provided
20
corporation
made
last'vear, .compared
and Sept. 30,
of
The
•
$3,110,727
2,575,820
1942
holder
is entitled to receive
stock
holder of
common
forth
—$3,192,356
deduct, and taxes-—2,694,080
.Calendar. Years—
Operating revenues
Oper/rev.
of
books
'
value preferred
the
the
to
hereinabove
(as
of
(10) the payment of the remaining $25,000,debt at the principal amount thereof;
(lit no
will be ■ organized but the present company will be
reorganized and recapitalized; (121 the result of the cancellation of
shares of preferred stock and common stock, of $5 par value (as set
share has been declared on-the common
Kings County Lighting Co. (& Subs.) —Earnings—
Gross
I
per
each
transferred
assets
Co.
out
10-year 5%^ .debentures;
000
$1... payable March
par
Deductions
:
cents
the
for
stated
(as
surrendered;
each
new
.
25, to holders of record March 20.
A
i similaT distribution- was made on July 24, last year, while from March
r22, 1940 :to and 1 incl. Sept. 25, 1941, the company paid quarterly
dividends of 20 cents each.—V. 156, p. 1417.
semi-annual;dividend 'of 4wo: cents
and the usual semi-annual
stock, both
Transfer books will be closed as of March 16.
share on
distributions
Semi-annual
-
a
the common stock, par $1,
$1
of 30
the number
common
($100 par) surrendered;
(8) the use of the portion of the purchase
price paid to. the company by Union Electric in addition to such other
cash as may be necessary to retire $7,868,000 5 e,r
bonds outstanding
in the hands of. the public; (9) the issuance and sale of $20,000,000
principal amount of 20-year first mortgage 3 J/a (I- bonds and $5,000,000
Co., Inc.—Dividends—
declared
directors:- have
The
i
dividend
stock,
•
shares of such
shall not be* reissued.
share
King-Seeley Corp,—30-Cent Dividend—
*
the common
par value, . payable April 1 to ^holders of record March 20.
iiDistrlbiltions last year were as follows; April l and July 1,,25 cents
no
(c)
which
such
common
The result
C. McGollum, Niagara Falls, and James C; Sweeney;:-, Buffalo, u •cbonds, '.$l;50C,000 principal amount of Texarkana Union Station 5%
was
named Chairman: of : the Board to succeed Dr. • "trust certificates and-$3,000,000 principal amount of Kansas City &>
157, p. 817. •
vl-» 'Grandview Ry; Co. first mortgage: 4Vz'/n bonds; and to transact such
other business as may legally come before the meetinc—V. 157, p. 817.
dividend d£, 25, cents per share has been declared on
A
of
shares
of
celled
•
stock,
of
par)
;
Yungbluth
Interlake Steamship €o,—25-Cent Dividend—
unissued
is entitled to receive as a result of
the decrease in par value of such stock and a corresponding increase
in the number of shares (as stated in Item
4)", Such shares so can¬
Mitten.—-V.
.
value
par
value
par
($100
-
AQuceney and William K. Myers, Mitten principals,- were '•received ;and
pcceptedi, Mr. Yungbluth said. • To fill'their places on the board the
•directors elected: Clarence- R. Runals :of 'Niagara Falls, company attor-
the
stock;
Corp. of 1,500,000 shares of authorized but
stock of $5 par value in return (a) for
is entitled,, and
share of common stock
,
,
>
but
Laclede Power & Light
the cancellation of 9
shares
meeting of the stockholders will be held
elect :18-directors;
(2)
The result of the foregoing will be that upon consummation of the
Apian, each holder of preferred stock of $100 par value will receive II
shares of common stock
($5 par) for each share of preferred stock
■
.
above;
rights and preferences appertaining to: the-preferred stock, including,
without being limited thereto, all rights to accumulated unpaid divi¬
dends.: :Such shares so cancelled shall not be reissued.
on May 11 to
and assent to the acquisiton by the
.company of. till the properties of two subsidiaries, Texarkana & Fort
:
Smith Ry. • Co. and Kansas City & Grandview Ry,
Co. upon their
dissolution,":to,approve and consent to the assumption • by the com¬
pany .of obligation and
liability in respect of $10,000,000 principal
^ amount
of Texarkana & Fort-Smith Ry. Co. first mortgage
5
.•■•'/
' '//;-'/
no par.
"To Dissolve Subsidiaries^— ;
the transfer of the
(1)
described
common
stock of $100 par value
6.222,582
15,343,406
17,019,976
for:
as
and a corresponding increase in
(6)
$5
-number
-w—^r^'16'7f177,050 155,427,561
" * Represented by 510.000 share,
.
axiterise/V
'• •' '.a
Glared the Mitten orgainzatiori's'services were an ^unnecessary
the
Item
-
■
The Commission had
order.
pany
43L660
2,285,395
48,695
1,168,978
259,079
Deferred -liabilities
said March 6 termination of the contract was made as of Jam 14,
day the New York Court of Appeals upheld an Appellate Division
approving/the Commission
Light Col
35,959,900
—
provides
Electric
cancellation of the $2,000,000 of notes owned by Ogden
Corp.,
for the portion of the purchase price for the electrical properties
to the company by Union Electric to which Laclede Power &
21.000,000
1,784,332
balances—Cr—-
unpaid -——_ v-—/
interest
tax
(b)
paid
payable
3,126,734
payable___—43,079
wages
current -liabilities
Other
,pany.
decision
and
per .share
authorized
the issuance to Ogden
68,771.000
—
car-service
accounts
Unmatured rents
///A
.
4
—
Interest matured unpaid-—--a-—,
Management, Inc., of Philadelphia, as directed by the Public - Service
A■/AAA- a/
/•
I.
•1
Bernard :J., Yungbluth. President and General .Manager:• of i the comthe
(5)
the
as
21,000,000
—_
:
Union
to
well
432,067
—-
construction.—
Miscellaneous accounts
The-company, which operates bus and trolley service in Buffalo and
'other -Niagara 'frontier-cities,' has-severed'its'contract ties -with Mitten
:
and
Traffic
•
•
'
•
of
method.
or
amended
as
previously unissued
$
-
-'a/a/-A;://;
Commission.
aid
in
is
outstanding shares of such preferred stock and of the outstanding
35,959,900
($100 par)
stock
* Common
,
Ties With Mitten
Ry., Buffalo—Severs
,
144,203
512.030
$
Union Electric
of
167,177,050 155,427,561
Total
/ Preferred, stock
V/"
International Nickel Co. of "Canada, Ltd.—Secondary :
Offering—An offering of 10,000 shares of common -stock
(no par) was made March 17 at 33% by Lee, Higginson
Corp.—V. 157, p. 729.
V'*'/// - •/: '■>
International
:
—
"Liabilities-—■
"•?.
.Group— .'// a'Sv."•''a/
965,826
866,344
u
—
to
as
-99.774
the
Treasury
obtained,
*'v,, /.
602.
S.
U.
the
be
can
661,658
plan
properties
share to $5
per
'65,133
dividends
/ Deferred assets
Unadjusted debits
in-a
Grants
to
and
and
properties
the electrical properties;
(4) the decrease in the par value of the
outstanding shares of preferred stock and of the outstanding as well
as
the authorized but unissued shares of common stock from $100
distribution. Without, an
for
Department.. If and
in the approximate
share may be expected on the voting trust certifi-
of $12 a
) amount
are
cannot
from
"when, such -license
•
—
Other current assets——1;-——
electrical
by Union Electric to the company of the balance of the
purchase-price after certain adjustments;
(3)
the transfer to the
company by Laclede Power & Light Co.-of all of its assets, except
cash; remaining after the consummation of the contract of sale of
—592,000
—
the
payment
—^
"
-1942.
1
electrical
Loans and bills receivable
lengthy nego¬
Government,
this
-.
•—i.
of
by any other procedure
2,252,748
1,776,501
—1,683
-. Net
balance receiv. from -agents and conductors
784,641
346,339
''Miscellaneous accounts receivable_*;.v-iv-i4-._4, f: 2,034.976
1,584,848
company has received $2,160,983.94 in settlement of the notes of
1
the Turkish Government which matured July 1,1938, through'Dec. 31,
;
.
—
certificates of indebtedness—
Special deposits
•f
■
r
—
Treasury notes—tax series—
sale
purchase
upon ,the plan of reorganization
being consummated, or
the extinguishment of the liens of the
presently outstanding mortgages
,
924.608
15,637,742
1,265,935
,
-
for .the
exercise the
contingent
—
948,328
16,255,104
—
investments
Other
.
Ltd.-—Receives
Co.,
the-electrical properties, Lacleda
option granted to it pursuant
and sale to purchase from the
of
1941
of
projects
and
U. 8.
Realization
the properties.
transfer
,•■$■■■
defense
'
.
Match
the
$
of
Genera! Balance
equipment property—
127,301,945 126,230,791
Deposits in lieu of mortgaged property sold-—
2,336,235
2,129,314
•of $250,000,
Internationa]
transfer of
with
1942
amortization
:
Assets—
-..
Road
<587 in 1941.
Funds from Turkish Government—May Pay $12 a Share
"in Dividends—
\ *.".;:/./■ //'. /■;//, /*■• '• ;•/,,/ /•: : - ■ V/V/
actual
connection
company the properties covered thereby, but. said lease and agree¬
ment will, as part of the plan, be terminated
concurrently with the
joint transfer of the electrical properties.
The company and Laclede
.
>
"
the date of
In
for 'the
for
1942.;
Comparative
1942 and $110,378,(Including in 1942 post-war refund of excess profits tax
including in 1942,^$363,124' and in 1941,. $363,174 repre-.
senting accumulated net' gains from transactions' in the company's
^capital stock, principally '-in prior years,
glssued 4;409,185 no par
shares, less, in treasury 163,470 shares in 1942 and 163,464 shares in
1941.—V. 156, p. 2039.
/: .
: /
.
.
&
Power & Light Co. will not
to lease and agreement of
-year
517,780,135 484,603,941
plan
conduct
Power
provision
*
,
L—
T
the
Under
Laclede
Note—The operating ..expenses include provisions for depreciation of
$459,256 and $520,469 for the years 1941 and ,1942, respectively, ancl
•
for depreciation of $116,007,702 in
reserve
by
franchise to
•
to
Income balance/
,
..
1-
"Less
that a new and modern coke plant
consisting
equipment for recovery of all usual by-products is
by the company at the Granite City plant.
It will be
the Blast Furnace division for the Defense Plant Corpo¬
and
1941, was amended under date of June 26, 1942, and again under date
Sept. 15, 1942, is outlined in the annual report as follows;
44,830
—,
charges—
Dividend appropriations
„
Total
;
He is General
Granite City, 111.
division,
of
•
$4,769,593
27,676
$2,541,785
deductions—^-
,
..;
•
Viqe-President.
steps in the plan of reorganization filed with the Securities and
Exchange Commission and the Missouri Public Service Commission in
5,501,584
,
a
furnace
The
$4,083,546
income
miscellaneous
Total
•Total
25,000,000
25,000,000
'Reserve for foreign investment-———-—22,111,899
22,611,899
.^Reserve for post-war rehabil, and'conting,—20,000.000
>
_—,-iPreferred, stock/ ($100 par)
81,672,400
81,672,400
sSCommon stock —il—--44——i.-,—r, 169,828,600 169,828,840
fjEarned surplus ^——4————, 10,7,385,102
98,168,721
-I
tReserve: for Inventory^.
elected
blast
that position.
Laclede "Gas Light Co.—Reorganization—
Zb-2,624,664 Drl,342,053
—
Total income
2,791,752
3,415,949
2,613,424
I—————
railway
Total
68,924
2,135,647
—-
in
announced
erected
operated
been
company's
ration,—V, 157, p. 346.
829,712
.Accounts
also
ovens
being
Liabilities—
Current
is
49
Crl77,931
the
$5,247,668
Cr214,646
Byrne has
of
will continue
It
of
801,442
$7,139,828
F.
Manager
12,103.925
expenses
revenue
Federal
1,049,456
1,134,505
——h-/-'—r——*-4.—4.—
John
$34,316,348 $19,163,035
revenues
pper.
oper.
'
101,614,193
53,617,712
—
Deferred charges
Railway
"Railway
133,114,427
-
_
„
.
1941
1942
3,564,077
>107,091,018
•-
Koppers'United Co.—New Vice President—Plant Ex¬
pansion-
Comparative Income Account, Years Ended Dec, 81
$58,713,346
25,010,000
$26,928,958
"United States Treasury tax notes—
—
23,345,240
Other United States Government obligations— 111,326,515
Other marketable securities—
617,125
Net receivables
,—-—79,344,045
.Inventories
125,943,839
"Land, buildings, machinery, equipment; etc,.97,842,543
..'■Investment in subsidiaries..^^—,
50,396,878
/(Other assets
900,487
Cash
Kansas City Southern Ry.—Annual Report-
■
1942
Assets—
.
:
i
$17,129,225 $17,219,305
817.
Preferred
stock
:
City of St. Louis gross receipts tax
payable
payable
Accrued
729,551
363,673
89,308
1,162,495
41,728
16,537
deposits
152,855
1,905,335
18,148
6,197,181
4,454,046
3,690,730
2,147,123
-
unadjusted credits
surplus
-—.—
surplus
——
—...—~—
6,225,303
$63,703,565 $63,406,626
Totai
•After
729,551
.368,174
1,530,061
116,166
169,782
—
Miscellaneous
Earned
,
78,444
—
——
Reserves
•Capital
$2,333,000
10.7O0.A0O
36,000,000
—
interest
•Consumers'
10,700,000
34,868,000
—
—
accounts
Matured
deducting
107,000 shares
j
—,
debt
Accounts
^Payrolls
$2,333,000
-—
-
stock
tCommon
Funded
1,670
shares
held bv
company.
($100 par).—V. 156, p. 2039.
"(Represented by
.
THE COMMERCIAL & FINANCIAL CHRONICLE
.1084
Laclede
Co.—25-Cent
Steel
the
common stock, par $20, payable March 31 to holders of record March
119,
Disbursements last year were as
follows: March 31,* 25 cents;
June 30 and Sept. 30, 35 cents each; and Dec, 18, a year-end of 80
cents.—V,
156,
dividend of 25 cents, per share
a
2039.
p.
Creole
above.—V.
Corp.
156,
Longhorn
Months
Ended
value
31—
Dec.
income
Tailing loss 1
1941
21,737
*~
—
Earned
share
per
recently declared
was
per
492,845
$561,656
641,982
529.420
-
.'
$2.57
$1.97
share*
including
It
Government bonds
157, p. 899.
and
$2.12
lation
$2.18
$257,382,
of
against
Gross
bullion——
from
returns
Gross
$1,149,898
Develop.,
mining,
General
milling
expense
Depreciation
Reserve
exploration
&
659,445
exp.
76,287
Nov.
for .taxes*—*.
————--
—V.
profit
——
—
1942
$1,516,409
30
17
54,301
8,689
$1,170,697
939,074
Gross
863,303
Operating expenses-™——_—*_—*_——
—*
134,091
Lane
in Personnel—
Inc.—Changes
Bryant,
'
;
as
President and director of this
with the Lend-Lease Administration
Sarnoff has been elected a director and
Executive
Vice-President,
and appointed General Manager of Lane
'Bryant
and
all its
subsidiaries.
Theodore R. Malsin, Secretary,
has
been
named
a
director,
and Irving Shapiro elected Assistant
Treasurer.
Jack
Lebowitz,
until
now
Office Manager,
has
been
Malsin has
resigned
to accept a position
Raphael
corporation
in
Washington.
85,544
share
of
dividend
cents
6
share
per
of
50
cents
>
1942.
Railway
operating
Railway
operating
$6,163,392
revenues
expenses——**_,*„
taxes
Railway
Net
3,164,700
$2,373,444
Net
Net
income
1,065,468
758,534
$1,307,976
—*
income**
rent
**..**_*_*
167,584
other
Total
6,187,156
845,000
$1,475,561
$1,388,190
27,146
26,404
$1,502,706
381,079
267,170
370,966
408,307
$3,289,850
$3,261,039
814,538
827,223
$2,475,312
$2,433,816
78,142
78,894
—
income
:_*..
*
—*
income—
operating
$2,553,455
income-.
:
——_—
income
Miscellaneous
Fixed
***__*..
...
deductions
_
income——
from
16,535
341,660
$2,534,394
1,046,005
$1,488,389
Inc. appl. to sinking & other fund requirements
Balance
Dividends
—**———.
General
Assets—Road
(general
dividends
preferred stock (6%
952,000
Sheet,
equipment
in
cash,
952,000
Dec.
31,
1942
balance
from
agents
conductors, $95,275; miscellaneous accounts receivable, $58,539;
and
supplies, $540,695; interest and dividends receivable,
'material
$398;
<
other current
debits,
total,
$208,780;
$531;
assets,
deferred
$30,133;
assets,
.
matured unpaid,
accrued
ferred
tax
$319,413;
audited
accounts
and
miscellaneous
accounts
payable,
$10,645;
$26,305;
unmatured interest accrued,
total,
$26,174,014.—V.
Libbey-Owens-Ford
Glass
157,
Of
will
company
to
Plaskon
Co.,
ask
Inc.,
shareholders
acquisition
John D.
Expansion
of
of
at
the
annual
meeting next
outstanding stock
the remaining
Biggers,
President,
'-of
in the post-war period."
' '
\
V.V
plan submitted to shareholders,, Libbey-Owens-Ford would
exchange 29,475 of its no par common shares to extinguish
prospects
Under
stock,
Plaskon
shares.
v.
Plaskon. preferred
of approximately $543,000,
Libbey-Owens-Ford Co. already
having purchased it in 1940 from
owns
70%
the
Toledo
of
the
Scale
Plaskon
Co.
for
Plaskon,"
•
according
advantages.
has
It
to
an
commercially
lightfast.
The color is
ilucency.
Plaskon
is
material
resistant
is
to
tasteless,
Mr.
Biggers,
unlimited
It
is
integral
an
chipping
odorless
of
in
at
endowed
seeking
colors,
all
distinctive
of
which
156,
cannot
rust
corrode.
or
lightweight
-JaW.'Te,
years
the
under
ago
Toledo Scale
material
for
to
the
fellowship
a
which
Co.,
housings
was
of
its
a
6%'
dividend of $1.50 per share
cumulative
preferred
holders of record April 1.
Payments during
30,
additions
holders of record March
26.
and 50 cents
26, last,
on
Gross
income
Income
Dec.
Other
—
accounts
Material
and
Contingent
gas
property
$2.50,
and
July
21
A
account
$100,
par
similar distribution
1942
and
on
stock,
were
Oct,
follows:
as
19,
$2
each.-—
Accounts
payable
Provision
Accrued
-Net
for
(other
ij2 Weeks Ended—
—
Reserve
for
Reserve
for
share
157,
Lone
The
'.solicit
of
p.
pfd.:divs„.
share
net
—
profit
stock
1.414.617
;_**
$2,627?145
$1.47
Gas
authorizations
from
permission March - 4 from the
its stockholders to vote in favor
SEC
of
to
the
company's voluntary plan for dissolution, now on file with the Com\. mission.
The stockholders have approved a plan for reorganization
company
H.
Thomas
earnings
were
in
1941.
net
in
Silver,
the
the largest
Premiums
in
Corp.—Dissolution Vote Authorized—
received
The
its
history
of
tax_**j.
excess
12,689
,.
Total
assets
S.
919,094
695,815
$9,452,486
,,
::::!
|
377,154)
2,649,000
8,352,000,
120,189
284,925
34,262
80,327
3,042,000
'
2,196,021
6,517,250
_
1,262,348
"
50,000
$0,817,158
$5,587,738:
:*.
$5,789,664
71,90?
47,723
51,515
$5,515,836
*__*—'_
$6,769,435
' $5,738,149
'
853,600
438,000
.450,000
2,793,811
**—*—*—»
**!_;—_—****_
3,725,082
3,725,082
Insurance
Co.
of
Balance
American
'
.
Sheet,
subsidiary
..
bills***
accounts
—
receivable
surplus
and
••
1942
1941
,
$7,718,149
$9,098,419
;
1,998,480
(net)**:
equipment
9,036,346
6,227,920
11,087,916
*
9,877,463
2,125,635
60,933,111
(net)—*—.
processes**********
charges
34,608,653
;-v-
*
1
1
502,340
v
—.**»*!,*_**.
311,919
$92,483,127 $64,248,489
Liabilities—
Accounts
payable
and
Taxes
—
to
$3,937,466
subsidiary
stock
'—
(par
Paid-in
likewise
surplus
surplus
t
company*
62,496
returnable containers*.
*.***:
depreciation and obsolescence
Reserve
for
pension**
.'*
Minority interest in New England Alcohol Co.*
Common
627,043
210,937
-
for
stock
2,583,081
;
accrued**:
for
Preferred
$3,696,969
1,194,158
826,700
—
commissions—***—^*
payable and
Reserve
New
*—;
3,243,578
*
461,999
17,500,000
12,416,940
11,374,032
11,269,032
14,044,838
*
—r
488,767
12,416,940
*
—*—.—*
3,581,174
21,000,000
—*
$10)
23,619,053
12,176,413
to $2,164,916
Total
-V.
total net
$3,378,861 against $3,1.73,709 the previous
:
31
3,205,264
plant
and
amortization
companies)
,-:v*v,
*
Earned
and
$2,236,216, compared
Dec.
Total
$432,759
I
1,289,008
$16,965,893 $16,791,661
assets
Deferred
900
-?
31,320,369
49,300
—*_*—,
_*_■;
dividends
and
Patents
89,201
1
1940
$45,607,600
50,000
L—
dividends
Property,
330,000
'•
'
$8,756,671
—
!'
on
record
quarter
$15,791,084 $15,872,567
profits—*
—
income
157, p. 731.
(G.
•
;■ -1
1
•>
•
■
$92,483,127 $64,248,489
*
Murphy Co. —Secondary Offering — Mellon
Corp. and Blyth & Co., Inc., on March 16
secondary offering of 10,000 shares of common
C.)
Securities
.
I
of
each
16.000
—„—___—;*!>*;
Notes
recorded by the company.
in 1942 were
in
1,464,030
Treasury
6,000
875
330,000
$634,301.
cent«
share
per
holders
'
*
——**_—*_*'
Uiylerwriting.profit was $535,964 compared to $301,364, and
1941- of
7'/a
1610.
1941
1,666,629
.*,
Inventories
$6,658
$1,092
incomes^rom investments $49,764 against $34,884, making
of
tax——*;
Assets—
$432,759
profit of $585,728 against. $336,148 in the preceding year.
Surplus as
(regards policyholders, was $366,895 .at. the.year?end, ineludina a. $40,000
voluntary reserve for contingencies,-compared .with-a. surplus, at the
-end
cents
to
41,923,609
U.
621
601
Assets
30,
p.
Account
Cash
2,500
the company.
156,
made
1,174,809
Consolidated
27,638
income)____
earned, in 1942_totalled
on
year.—
■
(Including
report to policyholders made public by
shows the largest premium volume and
President,
10
30
were
accounts.,—
charges-
4,873
8,832
_*___—
annual
develop, expenses
stock
1,545
2,071.
^
share
Distribu¬
last
$69,146,999 $63,756,221
******
9,466
•"
Casualty
l.
12,
June
1942
income
Due
Mutual
per
and
of
March
each
Income
from operation**.
normal
Common
York—Annual Report—
$1.45
1
corporation
Lumber
736.370
3,201.361
$2,449,056
*
730.
Star
1,000,000
742,040
taxes
common
$5,778,132
28
46,932,566
capital
Net
1866.
p.
cents
each.—V.
dividend
a
cents
—
uncoil,
Minority interest
1941
$465,214
156,
March
cents
*——**,**,„***.
Deposits
Nov. 20, '41
$7,392,457
1,000,000
__
depreciation.
Federal
Company's
Per
—V.
Nov. 26, '42
o
Co.;'s, share oper. profit after subs.'
Reserve
for contingencies
for
$77,383
2,698
surplus
-V.
23.
year.
from operations- $22,214,433 $21,832,611 $14;287,230
admin. expenses4,756,7.21
4,480,013
4,192,250
income
Wages
Loew's Inc.—Earnings—
last
March
Dec.
provision for depreciation, obsolescence and
during the year 1942 amounted to $4,276,480.
$78,584
*
income- taxes**—****
than-Federal
on
March
16,
and
profit
State
308,733
par)——
5
payable
6V4
Federal
$31,024
120,558
($1
of 50
record
and
27
Note—The
Total
,
profit
gen.
Federal
31
—__—*————
Federal
taxes
stock
Capital
$1,
of
income
6,000
*****
\
share
per
record
Oct.
52,439
*_***i
■'
declared
par
*
Miscellaneous
$89,463
$465,214
Liabilities—
20,
—*
Balance
—
—
cents
of
and
15,563
*.*_„_:
charges
25
13
dividend
April
follows:
as
Gross
$73,900
receivable—**—*—
advances**
■/:
154, p. 1597.
goods
Gross
596
8,933
supplies—**
accounts
of
holders
to
March
a
on
Dec.
sales
Selling,
8,841
sales)
—*
'>
Chemical Co.—Annual Report—
Research and mfg.
8,603
7,000
;—
*
and
receivable—*.***—;
.Investments and
Net
(oil
6
on
Consolidated
17,463
1942
—
receivable
Accounts
have
stock,
1
38,519
Assets—
Cash
642.
p.
(Including American subsidiary companies)
Other
$31,358
Balance Sheet,
were
30 and
Distributions
Monsanto
1941
10,084
surtaxes*—
income
v
made
were
year
directors
20.
Preferred
Net
157,
$109,402
$76,877
j.
and
dividend
a
April
made
common stock to holders of
Sept.
common
Net
11,200.
—
—
normal
declared
March 8 paid
on
during 1942.—V.
>
748
:
for Federal
'/
Offering—-A
Refineries, Inc.—5-Cent Distribution—
last
and
March
1942.—
$65,677
charges
Provision
'•
v
5 cents per share has been declared on the common
payable March 31 to holders of record March 22.
Dis¬
$1,
par
Cost of
10,351
credits———
157, p. 641.
of
to
18,332
'
operations
income
194,785
' fLoss. —V.
Midwest Tool & Mfg. Co.—Dividend Increased—
the common
■1942
administrative expenses—^
from
Profit
$6,130,463
841,357
;
3401.
p.
The
the
This compares
Jan. 31,
$105,192
—
expenses
$7,745,390
f5,807
'
Stores Co. —Special
were
$6,207,-
Corp.—Earnings—
income—
1943—12 Mos'.—1942
$563,891
81,072
payable
each
dividend
each;
Dividend—
Common
share has been declared on
per
$1
tributions
V.v157, p. 346.
.
151,
stock,
157, p. 899.
Dec.
have
value
par
of
Other
1, .last.
March
$2;
cents
on
1943—Month—1942
.$707,739
1054.
Federal
Other
$365,272
Ry,—Earnings—
Years Ended Dec, 31—
(other than Federal income).
Deferred
the
on
Feb:
oil
$3,181,292;
credits,
Years—
and
$274,707
.
stock,
1942
Delay rentals—non-producing oil and gas leases
Philadelphia—Accumulated Dividend—
15 to
April
made
31,
■
Taxes
$28,006
..
distributions
Provision
operating
General
The
1954.
Brothers,
payable
12
Institute by
Mellon
p.
accumulations
twSs
Calendar
are
and
about
The directors have declared
:
»of
:
the
satisfactory
a
Lit
developed
was
'scales,—V.
50
paid
161,530
Copper Co.—To Pay 25-Cent Dividend—
Mid-West
2307.
p.
varying degrees of transof the material.
Molded
part
and
certain
possesses
range
produced
completely inert, possesses high
dielectric strength and resists tracking and arching.
It is impervious
to1 all oils and greases, resistent to weak alkalis, such as soap and
borax, is thoroughly,-resistant To weak acids.
Blaskon
cents
Production
stock,
$2,269,-
292.30.
,
156,
Total
Outstanding
shares would be purchased by cash payment
cancelled.
and
-
unadjusted
total
$859,261;
payable April 5
75
161,530
with a commission of 70 cents. There were 42
by 19 firms, with the largest amounting to
company
no
V.
.
the
offer in
9,825
outstanding
.
Sheet, fl)ec.
,
156, p.
tions
road
Maracaibo Oil Exploration
glass into what the company describes as "a field
materials of great importance in jth'e■ war effort and of
plastic
bright
,
the
payable within one year Included in funded debt, de¬
liabilities, and in unadjusted credits), $4,363,564;. total deferred
dividend of
A
.•
announced.
flat
***_
and charges.
directors
The
; ;
Net
with
plan is to operate Plaskon as a division of Libbey-Owens-Ford,
indicating the further expansion of one of the nation's largest manu¬
of
.
.
".Vv,
Balance
investments,
271; total, $43,734,919.—V.
The
facturers
%;
"•;
'•
Mandel Brothers.—50-Cent
'
the
approve
y
property through income and surplus, $74,073; profit and loss,
899.
p.
Co.—Plans
; Plastics Interest—
This
$65,356;
$941,711; other current liabilities, $59,402; de¬
$1,635,958; unadjusted credits, $4,478,831; corporate
liabilities,
;
amounts
ferred
liabilities,
liability,
surplus, $3,733,551;
month
than
(credit),
13,461
Michigan Seamless Tube Co.—Smaller Distribution—
preferred stock (6% cumulative $50 par), $3,000,000;
series, $50 par), $2,000,000; common stock (160,000
shares, no par), $4,000,000; grants in aid of construction, $1,467,459;
total funded debt unmatured, $18,582,000; total current liabilities (other
$26,174,014.
$240,357;
payable,
wages
interest
—V.
preferred stock (6%
Liabilities—Capital stock (136,000 shares of $50 par), $6,800,000; Gov¬
funded debt unmatured, $7,734,000; traffic
ernmental grants, $128,485;
and
car-service
balances
V
300,000
share on 60,000 shares of prior
and $3 per share on 40,000 shares of
per
Liabilities—Prior
unadjusted
$16,794
293,093
$526,802
for
Department
capital
A
^
receivable
The
the
equipment, etc., $35,700,207; cash,
$3,028,658;
U.
S.
Treasury notes,
series 1944 and 1945, $869,625;
special deposits, $445,091; loans and bills receivable, $624; net balance
receivable
from
agents and conductors, $223,613; miscellaneous ac¬
counts receivable, $1,037,414; materials and supplies, $1,383,939; inter¬
est receivable,
$17,528; other current assets, $45,427; total deferred
assets, $124,995; total unadjusted debits, $857,798; total, $43,734,919.
$23,244,130;
sinking funds
miscellaneous
physical
property,
$285,805; other invest¬
net
$3
cumulative)
General
companies,
$1,387,314;
of
series.
■
Assets—Total
property,
$389;
affiliated
1942.
year
13,461
300,912
$436,237
-
pfd.
$5
—__*—*;'
taxes
Miami
operating, expenses include provisions for depreciation of
$227,317 and $220,461 for the years 1941 and 1942, respectively, and
provision for amortization of defense projects of $177,759 for the
104,310
25,873
$41,467
500. shares and the smallest to five.—V.
Note—The
$938,792
—*—*
Balance
bonds),
investments
$242,573;
ments,
and
and
mortgage
$79,451;
114,451
$1,030,059
income—
of
24,938
$30,255
*
*_*
purchases
$1,453,101
300,000
Income:
■"Represents
$1,043,103
.
$819,895
stock
Co. at 46
1,039,618
preferred stock 6%
Net. income
$737,149
special offering of 5,000 shares of capital stock (par $10)
completed on the New York Stock Exchange March
12 by Shearson, Hammill & Co. and
Hemphill, Noyes &
$2,492,718
u—.I***—**
charges
Net
352,984
—_±—*_
$66,840
555.
income
Similar
18,507
—
$1,144,511
charges
$55,193
was
19,992
income-
from
,^Dividends
Total
401,609
_*;■:—*
available
May
$2,512,710
19,061
--
deductions
available for fixed charges—
Income
Fixed
213,165
436,655
on
p.
■"After
$1,414,594
**_;
220,652
'
1
17,438
39,832
430,050
_—
Total income
28.937
income——._i——
operating
railway
412,033
14,178
*—**—*_
income
"Net'
$1,359,253
1
Net
619,336
"
10,809,654
—__**—___
Miscellaneous
operating
.Railway
2851888
58,795
45,758
•***__
accrued
Gross
1941
$10,553,722
,
taxes
railway
income
307,847
68,235
Period End. Jani 31-^
$15,696,549
——.*
(debit)
1,824,082
24,485
charges—*
income
—V.' 157,
$2,117,787
Railway tax accruals—:——*_****—*.;—i.—**
■
fixed
Balance
$5,282,487
3,789,948
railway operations—
from
revenue
$34,989
1942
operating
rents
Other
Net
$150,192
income
on
Other Federal
1941
1942
31—
Dec.
taxes
152,904
.
Railway operating expenses
Lehigh & New England RR.—EarningsEnded
65,062
:**.
Railway operating revenues.
Other
Years
65,240
Div.
25
calendar Years—
Federal
,166,010
$3,865,685
1,733,095
*_■
Market Street
From
$4,145,721
$100,051
Louisiana & Arkansas Railway- -Earnings—
April 15, 1940, to and including Oct. 15,
1941, distributions of 15 cents each were made on the class B stock,
compared with 30 cents in preceding quarters.—V. 156, p. 2397.
during
.quarter
■
23,683
$360,295
$3,842,002
reserve
earnings
Net
on
per
stock, both payable April 15 to holders of record
amounts were paid on Jan. 15, last, and in each
Like
31.
dividend
quarterly
a
usual
the
and
class A
the
on
March
stock
B
declared
have
directors
class
37
'
.
——
818.
p.
26,907
:*—*_*'
common
income
1943—12 Mos. 1942
$4,118,814
1,418
27,210
retire,
for
Net
157, p. 994.
157,
Earnings—
•
profit
exc.
-
stock
—V.
and
-
.
$358,876
v—.
&
Maintenance
12
$215,432
——————
Interest on funded debt—
:
,
$100,014
-
income
Income
Gross
Net
The
$215,395
_————*—
a_L—
Miscellaneous
Langendorf United Bakeries, Inc.—Class B Dividend
the
_**—
Interest
1942,
$376,585
taxes
Total
income
Operating
Morris
appointed Controller,—V.
.
revenue——
5,
$185,558
————
——
Nov.
1,992
taxes
inc.
Prov.
Net operating
a
on
.
each on
1943—Month—1942
$374,593
revenues
Operation
Fed.
121,835
$497,575
282,180
Depreciation
,
revenues
General
156, p. 1417.
declared
payable
a
stock, as against $9
1941.—V. 157, p. 995.
oper.
have
stock,
This will clear up all arrearages
preference
1,
Dividend—-
directors
prior preference
April 1, 1940, and will leave an unpaid accumu¬
share as of July 1, 1943. ;;
'
.
►
distribution of $3 per share was made on the
to
per
last,
Non-operating income—
$1,570,740
*4—
'
$1,161,991
Revenue/ other rail and coach operations
$585,589
$356,159
:—.—
—
1943
274,315
Operating revenue
Net
Total
the
that
12
the
on
Marion-Reserve Power Co.
Passenger revenue,i—_———_*———
Other revenue from transportation,-.
—*—-
102,186
196,480
_***'—»*_■*———
share
Period End. Jan. 31—
Corp.—Earnings—
Month of January—
104,188
103,942
:
_***,,—
—
$1,725,723
417,029
income
'
March
on
per
up
5,
prior
on
7,282
Los Angeles Ry.
Feb.
current
$1,718,441
$1,135,830
14,068
—i
issue
of $19.50
On
liabilities of $134,863.—V.
Miscellaneous income
announced
was
this
on
$577,560
545.319
1942, the company reported current assets of $586,854,
cash
all policies expiring
last year totalled
on
Dividends paid
1943,
Maine Central RR.—To Pay $4.50
,
1939
$674,217
$524,990
com.
dividend of 20%
a
July 1,
1192.
p.
April 1 to holders of record March 25.
taxes—
As of Dec. 31,
and
154,
dividend of $4.50
ex¬
common-
for
1940
1941
1942
.
April 1
the com¬
on
6%
$1,751,481
33,040
$1,157,567
_
between
'$353,135.;—V.
par
after
and
penses
Available
1942
.
.
heads
of
cents
25
no
Years End. Dec. 31—
Lamaque Gold Mines, Ltd.—Earnings—
4
Cash, U. S. Government and other bonds, owned by the company
of total assets on Dec. 31, 1942.
year.
comprised over 67%
value, payable March 15 to holders of record
March 6.
Payments last year were as follows:
March 16. 25 cents;
June 15 and Sept. 15, 50 cents each, and Dec. 22, a year-end of $1.
■
stock,
Net
Gross
voted
Cement Co.—25-Cent Dividend—
Portland
dividend of
A
mon
1240.
p.
be
will
now
The company has declared
-
-
Petroleum
This
for dissolution,
owners.—V. 157, p. 731.
provision
a
on
Lago Petroleum Corp.—Proposed Consolidation—
See
Includes
which
Distribution—
upon by the security
The directors have declared
Mondays March 22,. 1943
made
..
i
,)
;
.a
I
I
t
»
;
1
'
t'-"
,
I
.
.
< i
.
¥
Volume
?HE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
stock (no par).
milk
The shares, which were priced at $65.50
share, with
bottle
a
$7,500,000
the
from
Mountain
States
Telephone & Telegraph
Month of January—
Operating
2,036,783
—
operating
revenue—..——__
Net
operating
Operating
revenues.
632,242
income.—
Net
operating
■'
•■''■V'.'i'.'-1
V
•••'/,'
.
1
|
.
■■..
'
'
.
,,
11
taxes other
Other
The
notes.
end
of
the
shares
year
the
stock/
common
March
20.
have
This
declared
no
dividend
a
cents
40
or
on
last.r Distributions during 1942 were as follows: May
Oct. 31, $1.50; the first since 1921,—V. 157, p. 347.
The ICC on Feb. 4 issued
to
extending
16.50
in' Davidson
...•>•
Depreciation
Federal
3,309,837
& foreign
Post-war refund
&
Other
and
excess
•
:
,
Account
for
Calendar
1941
""
'
Years
1940
1939
Net
taxes
Provision
for
l.
3,424,115
income
24,879,288
Provision
14,150,988
12,917,654
12,540,510
Interest
26,705,966
1,248,145
17,291,645
934,618
17,317,948
1,015,866
38,586,144
funded
interest
27,954,111
.V,--. •, !
416,153
400,000
400,000
400,000
Prov. for post-war cont.
1,955,928
1,978,485
2,104,400
107,221
91,317
__
debt
....
—
469,053
Common
dividends
10,332,137
105,753
400,303
10,748,826
1,736,315
1,736,315
1,736,161
290,382
of
held
327,769
by
:
/■•V; Balance
Shares
$690,155
for
cline
outstanding (par $10)
Earnings per share
.
11,094,406
invent,
■;.v%M-/
prices
3,900,000
of
149,286
6,289,448
6,289,448
6,289,448
for
V
v
$1.37
$1.43
/.-//■ ">/,;
Assets—
t
•
'"Other bonds
$19,622,219
14,697,500
32i,166
7,366,985
*
—
materials, supplies and finished product..
Notes and mortgages receivable
excess
real est., mach.,: intangibles, etc.
Prepaid expenses and deferred charges
165,721
:
■'
807,961
$3,740,366
——
7,822,298
"—
Bronze
board
and
of
Board,
Defense
Corporation.
The
24,804^500
W.
Wright
the
board
Schmeller,
have
the
9,656,014
'
Co.—-New
the
to
elected
of
the
Production
War
of
the
company
the
Finance
company,
Capt. John C. Litt and J.
Smith
G.
156,
and
William
I.
P.
Nei-
1868,
p.
Dollar
-
*■
sales
of corporation were nearly one-third greater in 1942
reaching a total of $562,000,000, but because of greatly
of war-time operation and higher taxes, net
profit,
after deducting reserves,"declined slightly to $1.95 per share of com¬
mon
stock, as compared with $1.97 in 1941, it is revealed by the
annual report.
Net earnings in 1942 were 2 2/10 cents on each dollar
of sales, compared with 2, 9/10 cents in 1941.
:%:'//
"■■. ;*
Attributing the largest volume in National Dairy's history to the
than
in
and
and equipment shortages.
steps already have been taken to
alleviate
labor
farm
"much remains to be
if the volume of milk and food products is to reach the necessary
It is hoped the Government will deal effectively with this vital
done
level.
of the war emergency.
"The
dairy industry fully realizes its responsibility to devote its
energies to the task of helping to win the war.
The processors and
distributors of dairy and other food products are faced by the same
shortages that confront the farmer, and we are making every effort
phase
to
vital materials and man-power,
conserve
and important products,
of new
wherever
forces
"The
war
problem
to hasten the development
and to supply the needs of the armed
they may be.
has
shown
America,"
in
that
Mr.
-z
It is
Van
possible
for
in
processing
education in foods
National
and
and food
Dairy's
increased
us
to have
a
real
food
Bomel
distribution,
values."
dollar
and
,
sales
includes
wider
public
during
the
year
were
due
to
prices,
each
dollar of sales,
The
total
$18,500,000
Federal
tax
was
income
compared with 58 cents in
expense
provided
tax
in
for
1942
was
Federal
provision in
1941
1941.
$25,400,000.
income and
was
Calendar
♦Federal
March
kwh.
of
Balance
Sheet,
is
31
Dec.
29,272,000
ft.
in
the
Miscellaneous
for
reports
504,399
the
.electric
kwh.,. or
corresponding
149,071,000
cu.
ft.,
production
above
a
year
ago.—V.
of
157,
revenues
expenses
taxes
3,913,875
2,300,522
14,787,646
1,424.575
1,340,909
5,573,544
1,669,092
1,815,743
6,555,839
revenues—,
$5,875,098
from
•
1942—12 Mos.—1941
$24,118,020 $21,961,350 $91,385,272 $84,263,539
11,235,380
10,920,942
43,512,715
40,767.620
.i.
oper.
Net
(& Subs.)—Earnings—
1942—3 Mos.—1941
,
res. apprcp.
lease.,
.
of..•
7,483,924
5,441,209
6,349,019
•
$5,583,234 $20,955,528 $24,221,767
-'• •
;.v..
•
'
(net)
plants
Operating
;;
Other
4,548
1,533
$5,879,646
Net
int.
$5,584,767
to
(Pfd.
16,104
—
17,271
16,607
$5,895,750
—
5,230
$20,972,799 $24,226,997
71,252
58,384
$5,601,374 $21,044,051 $24,285,381
public'and
deductions
2,357,219
$3,244,155
1,405,802
1,405,802
304,134
235
525,920
87
$1,884,643
$1,838,118
$5,572,002
$9,131,822
$1,838,118
$5,572,002
.! $9,131,822
3,595
6,940
26,664
93,673
$1,888,238 : $1,845,058
$5,598,666
$9,225,495
—
divis.
Portion
2,301,171
$3,594,579
$1,884,643
Balance
.
(net)
income
other
15.015,960
income
income
Gross
to
public—
applic.
,
mi-
to
9,322,923
9,530,266
$11,721,128 $14,755,115
5,623,206
5,623,206
•"*
interests
nority
/ 26,807,774:
47,278,084
7,972,098
8,059,661
405,035
w——/
—
of
Years
' 42,437,807
supplies
kwh.
cu.
ft., or 24.43%
corresponding week
retire,
,.
.
receivables!,/^/..:23,828,181
*
association
increase
an
11,408,245
taxes
$2,155,045
17,027,644
♦Notes receivable and accounts
this
12,
This
Prop,
1941
df.;./
surrender
Net equity of^National
value
life
of
insurance
420,966
Power
$8,950,000.
this
amount
profits
Payrolls
taxes.
aggre¬
in
.L——^3,981,379
5,265,198
(Investments in and advances to foreign subs,_
4,429.935
4,973,534
(Property, plant and equipment
97,386,819 100,574,728
Prepaid and deferred items-!
" ' 1,051,138
750.034
'.
Total
,
' 22,059,854
-
i.:
;'
-
&
Light
Accounts
Prov.
Co.
1,500,000
profits taxes
debentures due
1960
Minority stockholders"
in
sub.
Capital
companies—
297,823
12,216,438
(6,255,247 no par shares)—
surplus
surplus
Earned
'■!' "/
excl.
taxes
92.477
2,230,338
&
in
49,247
56,345
681,046
$1,788,967
$1,594,928
$5,079,845
$7,860,839
the
'
of $429,440 to adjust tax provisions to
the Revenue Act of 1942.
At Oct. 31, 1942,
by
net
a
months
overprovision
of
November
for
reserve
55,856,805
Earnings
/'//;/
Income;
/
$2,442,185 in 1942
foreign
and
Union
Official—
'
Grant
L.
tube
Radio
investments
(Less
Hector
has
manufacturers,
$51,312,486
in
■/:,'/,'■,>:,;v;
'Corp.,'.: Newark,
From
N.
this
Director
corporation,
of
radio
Engineering,
its
of
Company
Only
■
1942—3 Mos.—1941
subs.—consol—
Other.
■
and
adjusted
pro
dividend
'; /"./
re¬
unearned.,
or
/V.
1942—12 Mos.—1941
$336,046
$592,680
3,595
6,940
26,664
93,673
$339,641
:/■ 92,477
$599,620
$2,533,187
$5,797,845
13 5,265
323.741
422.929
Cr2,658
/,//
■-
Total
1941.—
.;■'
78,541
108,826
231,377
7,362
7,077
29,909
29,304
$242,460
$398,737
$2,070,711
$5,114,235
1
Income
Expenses
Other
J.—New
/
joined
as
be
(Full
$2,506,523.
$5,704,172
reserves
.
.
to
/•'.
;
-
♦Federal taxes
National
$769,513
December*.
quirements applicable to respective periods whether earned
231,189,862
$1,899,419 in 1941,
depreciation of $53,568,164 in 1942
156, p. 1241". ■;■/>'./'■■:>;,.',/.■■.
of
and
2,155,045
for doubtful notes and accounts of
(Less
;; y■/..
:
adjustment
required
remained
rata
29,304
2,090
:
—^
credit
amount
231,377
29,909
Period End. Oct. 31—
1942 and
422 929
.
108,826
.
7,077
deducts
surplus
.♦Includes
the
78,541
:
7.362
other
there
7,601,837
63,594,449
reserves
323.741
115,265
Cr2,658
taxes
•earned
348,911
220,595,821
♦Less
Dr.
Co.—
shown
Bal. carried to consol.
51,266,676
—,
and $2,164,289 in
1941.
advances of $2,739,633 in
v.
Int.
54,450,000
/;
51,266,676
Total
for
(as
Light
Federal taxes
12,000,000
53,916,000
int.
&
income
Other
1,500,000
(net)
debentures
3 Vi %
equity
Expenses,
18,426,286
5,159,302
8,950,000
10,500,000
excess
Powei:
Total
13,475.000
17,698,642
5,618,443
Fed, Inc. &
subs.-
'
1,757,012
payable
for
of
above)
Other
22,059,854
//v'y:1-.. / V'. •.I:.v•'•://'/•/«;(■
Accrued liabilities
Serial
income
National
Net
220,595,821 23i;i89,862
Notes payable —_
Serial debentures maturing within one year
and
Net
—
Income.^
oper.
Int.
elec¬
&
from
announced
——
taxes
.
other
deducts.
Income
/^-Z—■
,
2,090
49,247
56,345
681,046
$240,370
$349,490
$2,014,366
$4,433,189
by S. W. Muldowny, President.
Dr.
Hector
will
direct
all
electronic
tube
research
Net
and
engineering
activities for the company's
laboratories and manufacturing plants
located in Newark, N. J., and Lansdale, Pa.—V.
156, p. 1241,
J
y
■
Income
♦Includes
Newaukum Valley
by
ICC
March
on
the company,
line
of
10.62
5
to
as
issued
a
certificate
interstate and
permitting
abandonment
foreign commerce, of
its
extending from Napavine to Onalaska, approximately
Lewis County, Wash.
is controlled through ownership of all its capital stock,
directors' qualifying shares, by the Carlisle Lumber Co.
The
except
of
The
placed in operation in 1916, primarily for the purpose
the predecessor of the lumber company which owned large
in the tributary territory.
The salvage value of the
holdings
recoverable
p.
.
477.
...
material
is
estimated
at
approximately
$25,000.—V.
109,
ments
■/v
//,
a
fifth
The
The
Securities
motion
to
against
the
The
in
company
motion,
Associated
and
vacate
which
Investing Trust, Associated Gas and Electric Corp.. and
Gas
&
Electric
Co.,
also
sought
to
have
the
trustees
necessary
a
to
be
Judge
Robert
in a dissenting opinion, said he believed the
jurisdiction" in ruling on the unliquidated claim
against New England.
Healy,
lacks
ordered
four
NEPA
the
subsidiaries
provide
means
a
to
with
elimiinvest¬
of dissolving
Commission
follow;
{
to
eliminate
Massachusetts
Power
and
Light
Associates
Power Association holding
'•' *'
England Power Association,
North
such
Boston
action
as
Massachusets Power and Light
take, or cause
Lighting Properties shall
may
be
necessary
to
eliminate
North
Lighting Properties as a holding company in the New England
holding company system;
Power Association
(3)
New
Associates
mon
of Associated trustees
of the
and
taken,
Boston
exempted as parties in the corporate simplification proceedings against
"commission
to
system;
New
New
■
18
system
and
holding company in the New England
company
action
England.
March
England Power Association and Massachusetts Power and
Light Associates shall take, or cause to be taken, such action as may
Associates
Exchange Commission on March 8 denied a
part a previous order covering claims entered
and continued hearings until April 5.
was filed by trustees of Gas & Electric Associ¬
issued
company
New
1.2)
Claims—Financial Statement—
on
holding
subsidiary.
orders
(1)
be
England Gas & Electric Association—SEC Denies
order
an
its
aggregating $150,000,000
as
New
732.
/'
in
SEC
from
nate
was
serving
timber
157, p.
■;
' : /; -tl.
•;
v..
England Power AssociatioiiV-SEC Orders Com¬
pany to Divest Itself of Four Subsidiaries—
in
The company
railroad
and December.—V.
'V.
New
entire
railroad
miles,
a
of November
RR.—Abandonment—
•
The
monthly pro rata credit adjustment of $25,938 representing
for Federal capital stock tax.
At Oct. 31, 1942, there
net overprovision of $51,875 to be adjusted in the months
overprovision
remained
ates, Utilities
Of
excess
gated $83,000,000, as compared with $73,000,000 in the previous year.
Expenditures for
property,
plant
and
equipment
in
1942
were
$8,000,000, as compared with $15,200,000 in 1941.
Repairs, including
of
cu.
Subsidiaries—
...
$2,230,338
—
Motion
-
the rise in the volume of products sold than to higher
selling
the report points out.
Payments to farmers and other sup¬
pliers of materials totaled $350,000,000.
This represents 62 cents on
more
5,004,198
$63,594,449 $55,856,805
for
■
Cash
....
continued, "and we cannot
assume
that peace will automatically solve that problem.
The im¬
portance to the health and well-being of our country of a continuous,
adequate supply of essential food, and especially dairy products, is a
subject that must receive increasing attention, not only during the
present emergency but through all the years ahead.
It is a task that
begins with increased production on the farms, progresses through
research
■
ended
C/
Operating
Operating
1941
•■/-.'Assets—*.
tronic
some
equipment shortages," Mr. Van Bomel said,
Surplus
Capital surplus, at end of year
;
cost
unprecedented economic, industrial and military expansion accompany¬
ing the war, L. A. Van Bomel, President, in commenting on the report,
warned that the demand upon the industry for even greater production
for essential civilian, military and lend-lease needs in
1943 can be
met only if aid is forthcoming to help the dairy farmer overcome vital
"While
::V
Capital surplus, at beginning of year
$2,155,045
$2,192,431
Adjustments with respect to acquisition of mi-.-'
-i-.v,.-'.nority interest and goodwill purchased..—
75,293
37,386
1941,
man-power
.
National Power & Light Co.
12,334,734
1942
Common stock
increased
:
Capital
Reserves
National Dairy Products Corp.—Annual Report-^
'■'
of
■■■*"'
Goodwill
Reconstruction
Treasurer
succeed
Levan
reelected directors.—V.
been
and
company
Corporation
and
Pfahler is Assistant
L.
year..
Statement
Cash
Vice-President
a
Plant
Mr.
John
were
Consolidated
36~309
$280,653
Investments, etc.
Foundry
Pfahler
is
the
-
down.VW;"'-:
written
13,392
taxes
'
Period End. Dec. 31—
Rent
Earned surplus, at end of
.
62,894,480
—__.$138,113,068 $130 950 015
Herbert
between
"1941
519,990
11,041,109
9,656,014
Aluminum
&
Mr.
members of
new
Quigley.
meyer
and
man
property
in 1939
:/'/Liabilities-*-/'"'
directors.
liaison
is
y-
10,350,954'
-
Wright
George
certain
62,894,480
—-
♦United States, $747,000; Canada, $55,435.—V. 157, p, 642
Directors—
of
182,227
debt,
996.
$48,526,269
5,004,198
-
10,346
179,956,
—...
$341,846
production
ago.;'
a, year
increase
p.
$63,074,459 $55,856,805
Restoration
Inventories
24,804,500
,
surplus:L£-^
.Capital surplus,
4-i—
—
2,515,779
9,593,426
802,435
—
Earned
National
stock.
common
1,375
-
...5,756
expense
income
11,913,184
119,799,000
$68,078,657 $60,861,003
Dividends paid on
,
Years
'
■
$2,622,409
1,886,834
15,962,691
8,014,794
,
——-
payable
foreign inc. & excess prof. taxes
Insurance and contingent reserve
Post-war contingent reserve
7% preferred stock ($100 par)
Total
Total'....
/■; Consolidated
par)
above
an
'
'
dividend
($10
$1.88
Calendar
for
1942
.$138,113,068 $130950015
,
stock
81,129,389
901,590
,
Res. for Fed. &
Common
______
79,001,614
—.
/Accounts payableCommon
14,306,299
184,931
,
802,435 ' ;
-
(net)
————
Liabilities—
19,565,431
'■
profits taxes—.....
Plants,
//
Surplus
and
..'•-•Gas output for the March 12 week is reported at
3,520,675
———.—i—v
Raw
Total
$1.66
Earned surplus, at beginning of year...——.. $55,856,805
Balance from statements of consol. profit & loss
12,221,852
11,257,500
•
121,041
Accounts receivable
♦Post-war refund of
Earned
5,341
1,897,399
—
week
4.43%
■'
Balance
;'V:/
1941
A...$15,290,626
bonds and tax notes
S.
of
506
1,874,318
credits,
the
week
Statement
147,985
taxes.
...1,200
Federal
long-term
of
excess
Consolidated
for
income
For
12,494,803
11,094,406
$1.97
discount
total $106,529,820.-
(.y/
$1.95
inc.
^
Other
1942
>'Cash
U.
12,334,734
Fed.
debt
interest—..—.
on
debt
''/'a Output—
.
.
$1.62
Consolidated Balance Sheet, Deo. 31
&•<
12,221,852
v'.-,---.;
than
.
and minority interest, $35,491,$45,924,900; total current liabilities, $3,124,902;
$178,804; retirement reserves, $15,057,351; other re¬
serves, $330,434; capital surplus, $8,831,774; earned surplus, $2,410,338;
on
shs,
par
other
474
deductions
deferred
12,494,803
v/'/■; lV"-
3,600,000
1941
$2,561,637
•;
116,555
..
Liabilities—Capital stock, ^premium
993;
profits tax of $8,100,000 (less 10% credit of $900,000
retirement),
v
v';!;■,v■"v::'
debt
6,289,448
$1.19
of
output
'},■ of common stock
plants,
profits tax. //;..•'
excess
no
'/- ♦Includes
$1,046,852
real estate, machinery, intangibles, etc., in
addition to depreciation.
(Including $1,886,834 in 1942, $2,515,779 in
1941
and 1940 payable Jan; 15, 1943,'1942 and 1941, respectively.
$Deflcit.
§ Including $1,800,000 in 1941 and $7,470,000 in' 1942 for
Federal
share
per
6,255,247
1942
...
total $106,529,820.
1V" •'" V."
15,934,734
possible^ de-
in
Earns,
stock
common
♦Write-down
$1,467,294
$323,172
only)
Company
Consolidated Balance Sheet, Dec. 31, 1942
"...
16,121,852
(Parent
Assets—Property, plant, equipment and miscellaneous physical prop¬
$91,874,182; investment securities and advances, ,$2,101,668; spe¬
cial funds, $1,231,584; total current assets (less reserve for doubtful
accounts),
$9,545,677; deferred debits and prepayments, $1,776,.^09;
2,793,000
;■'/
:
Income
erty,
415,642
4,063,800
-
taxes
90,473
166,300
8,100,000
profit
Prov.
11,933,702
1,735,699
10,048,717
8,176,282 (10,063,117 +10,059,517
»u_,_
1,077,594
2,238,943
401,516
8,950,000
tax
stock
co.
122,850
*18,500,000
inc/taxes
profits
pfd.
on
subsid.
1,123,158
of
long-term
assumed
Net
.
Bal. to earned surplus
9,222,442
(7 % )—
745,195
$834,362
.....
$2,534,002
for
Provision
802,435
Net profit
Preferred divs.
2,061,704
...
on
Amort,
18,226,263
18,333,814
;/■ ■/."■ ••'./;
disposition
on
excess
Net
347,085
307,894
$3,492,113
2.091,348
interest
Taxes
526,576
re-
annuities
on
loss
Divs.
/'"
167,663
325.851
Expenses
public: w—132.154 ' 11, 120,750
Minor, int. in earnings
'
43,863
10,901
13,903
192,711
121,571
$3,800,007
$3,641,260
income
25,921,774
37,280,377
....
past service
Prov. for Fed.
/'K'Vv!
exchange adjustment.
....
12 Mos. End. Dec. 31—
26,597,747
1,305,767
Fed,
3,066,772
*'Write-down
....
income
Total
52,127,674
52,189,222
Cr802,435
...
foreign'."
.
76,358
$3,967,111
...
h
$
...
profits
:
$3,678,437
New England Gas & Elec. Assn
Provision for Federal income taxes..
.
53,321,430
capital assets.....
Miscellaneous charges..
of U. S.
Canadian
profit
18,930,-644
4,776,082
2,337,908
$3,890,753
....
Balance
15,821,771
—....
expenses
gen,
98,078,477
,
2,138,823
Deductions from income—subsidiaries.
57,111,265
26,429,941
of
3,166,791
,311,639-
the company shows that
Union, and in many foreign
as
2% of the shares
of
much
as
562,451,639 431,049,646 347,410,481 320,656,608
425,808,285 310,273,515 239,090,185 213,791,188
.....
income
of
Net
$
3,250,161
§14,659,319
taxes
owns
Other
1939
1940
119,599,610 103,670,459
22,461,601
19,438,784
27,784,308
income
Statement
products...
Total
Cost
Subs.)—Earnings—
167,788,071
...
Income
..
of
Other
approxi¬
Tenn.—
$
sales
Gross
stockholders
—
1,127,821
1,604,133
1,664,451
the
(excl. inter-co.
tirement
Earnings for year—..
I
prop., plant & equip..
than Federal income tax.
Operating Income
the
to
u
Operating
Nashville to Franklin,
Counties,
1941
2.05
at
Other
and- Williamson
1942
68,798
stockholder
'
Interest
National Biscuit Co. (&
the
one
-
Admin,
146, p. 2861.
Calendar Years-
of
No
sales)
a
southwesterly from
•
miles,
with
compared
as
liabilities
Total income
Delivery expenses
Selling expenses
certificate permitting abandonment, as
and foreign commerce, by the road of its entire line of
interstate
railroad
mately
V.
'
Cost
Nashville-Franklin Ry.—Abandonment—
•>;
l,
current
to
1,109,612
of
...
.
share
per
to
1942
value, payable April 1 to holders of record
with 25 cents per share paid on Feb. 1,
22, 50 cents, and
par
compares
3.45
was
assets
distributed in every State in the
are
Net sales
directors
current
outstanding.-
Nashua Mfg. Co.—40^-Cent Common Dividend—
The
-
of
ratio
1941
$17,615,570 $16,324,517
8,811,931
7,576,219
—
—.——
retirements
i
...
—....
for
Consolidated
'.
1
operating revenues
Operating expenses
may ' arise
for
'',,V
"Sj., „■
.
Total
Prov.
247,829
271,308
157, p. 731.
....
Consolidated Statement of Income
12 Mos, End. Dec. 31—
1942
of
Prov.
$379,801
income
—V.
unusual
total
a
Maintenance
previous year.
An analysis
462,450
$415,710
making
expenses
that
reserve,
tax
$842,251
i-.
taxes
losses-or
a
were
countries.
Net
possible
as
to banks were reduced by $11,718,000, so that only
outstanding on Dec. 31, 1942.
In addition, the com¬
pany has anticipated its entire Federal income and excess profits tax
liability by the purchase of $18,500,000 worth of United States Treasury
1,708,561
Operating .expenses'
$12,200,000,
compared
with
$11,The sum of $3,900,000 was added in 1942
1941
payable
$1,757,000
1942
$2,559,068
8,256
$1,047,952
revenues
Uncollectible
for
1085
totaled
war.
Notes
Co.—Earns.
1943
$3,090,784
6,049
replacements
000,000 in the previous year.
to
$3,600,000 set asid6
in
concession of $1.25 a share to NASD
members, were oversubscribed.—V. 157, p. 995.
$
a
M.^/A^iteUliH^WHWW ^irt5fv"(V
(4)
as
England Power Association and
voting trust shall take, or
voting
such
com¬
New
trust
to
England
or cause
Utilities
to be taken,
be
liquidated and
Power
ates Common Voting Trust
take,
Massachusetts
be necessary for Massachusetts Utilities Associates
common
may
cause
dissolved;
Association, Massachusetts Utilities Associ¬
and Massachusetts Utilities Associates shall
to be taken, such, action as may be necessary to elimi-
Monday, Match 22, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
1086
nate
Massachusetts
New
England
(5)
New
holding
holding
a
in the
company
Power
eliminate
to
necessary
as
Association holding company system; and
Association and The Rhode Island Public
take, or-cause to be taken, such action as may be'
shall
Co.
Service
Associates
Utilities
Power
England
in
company
System,
Commission
The
that
ordered
further
said
New
England
Power
and Light Associates, North Boston
Lighting Properties, Massachusetts Utilities Associates common voting
trust, Massachusetts Utilities Associates ancjfjThe Rhode Island Public
Service Co. "shall proceed with due diligence to submit to this Com¬
mission a plan or plans to effect prompt compliance with the fore¬
going orders pursuant to Section 11 (b>
(2) of said Act and shall
take
ate
this
order,"
view
In
RIPS,
of
'■
-
,
that
the continued
,
existence of
MP&L and NOBO, as holding companies-in
company system,
unduly and unnecessarily com¬
structure, and unfairly and inequitably distributes voting
security holders, of the NEPA holding company system,
provide, as the steps necessary to ensure compliance
with the requirements of Section 11
(b) (2) of the Act, that RIPS,
MUA, MP&L and NOBO be eliminated as holding companies in the
NEPA holding company system and that MUA Trust be liquidated-and
dissolved, to the end that the system shall contain only one public
utility holding company (which is not at present also a public utility
company). •"
An order in this form will, with respect to RIPS, MUA, MP&L and
among
will
order
our
.
considerable latitude as to the action to be taken to
Without attempting now to prescribe the method
which respondents may comply with this order
or to
enumerate all possible means of, accomplishing, the action herein
ordered, at least several alternative avenues appear to be available.
Respondents may seek compliance by means of a fair and equitable plan
under which the assets presently owned by NEPA, RIPS, MUA, MP&L
and NOBO are combined into one company, the securities of which
would be distributed among the security holders of the existing holding
allow
NOBO,
effect
V
through
Maintenance
diction over
Other
income
"In
line
Amortization of
Cr90,213
114,582
265,443
13,087,731
preferred
preferred
holders
to
V ■*V V'/Vy
'v^'.
declared
have
directors
■
of
dividend
a
$1
share
per
Balance
•
the 67*
on
stock and a dividend, of 33'A cents per share on the $2
stock, on account of accumulations, both payable April 1
of record March^20.
Like amounts were paid in each of
Net: income.
———
5,730,933
480,000
——
,;
Earnings
per
5,250,933.
>
$0.29
—,
share
common
•
Consolidated
production
the
For
kwh.,
an
,;
Balance
Sheet, Dec.
31,
'Y;
New. England
,';YY';;YyYyYY.
■■
notes, tax series—.——.
Treasury
Notes-* receivable
of
it
tax
Interest and dividends receivable
Materials and
remark that
to
their
1942*
assets.;
working
and
.
subsidiaries
the'form
in
North
will
for
have
reduced
to
of
American
its
of
serve
shares
has
of
its
cut
outstanding indebted¬
original
an
Calendar
Years
of $70,000,000. (Y
issue
'
(Company Only)
1942
1941
/
1940
'•
$21,663,777 $21,049,103
162,577
372,905
,
$18,679,901
567,784
$22,036,682 $21,616,887
1,026,361
1,109,691
860,000
YY 143,781
323,042
310,531
1,663,420
2,224,167
2,637,500
34,617
46,039
——,
..
—
debentures
disc.
&
,
exp.
debs...
on
—** -
v
1,056,861
658,500
%
54.305
_YY.6,423
charges^-l_-l_4i--:.::;/:-'L;----*-
YY*"
for dividends
.——_—__
—————,
i; $15,074,722 $17,473,743 $16,892,767
stock of company..
3,821,254
.3,821,254
3.821,400
...
Balance for
divs: and surp._ $11,253,468
com.
Earnings per share of com. stock..-
$13,652,489 $13,071,367
Y Y. $1.59
■
$1.52
$1.31..
>
Statement of Earned Surplus (Company only), Dec. 31, 1942
I;
Balance, Dec. 31, 1941, $23,250,809; net income, Dec. 3I> 1942, $15,074,722; total surplus,; $38,325,531'; divs, on sefial pfd. stock: 6'(. series,
$1,819,077;. 5%(f series, $2,002,177; divs. on com. stock (dividends paid
.
by. distribution of shares,of capital stock of Detroit Edison Co.; approxir
mate market value at dates of declaration
$10,338}000), $15,058,706;
paid
Co.,
son
in lieu of fractional shares of
$1,149,498)
$16,208,204;
,*
stock'of Detroit Edi-
capital
ancf unamortized
paid
premium
count and expense on debentures of
lebentures
4
"
the company called
Consolidated
.
x
Income
Statement
1
*
-,
-
•
dis-
for redemption,
-
41
:
v
.
,
•
-
Calendar
for
Years
1942
'
•
s
Operating revenues—Electric
i Heating
.4 Gas 24-2—
112,126,985' 102,753,206
3,419.415:
3.117,033
5,149,0024.785,307
—:
.
.
Transportation;
12,805,768
Coal
96,012
__„-2
;
yy
10,256.197
.
7,101,609
5,711,695
3,389,473
...2
Miscellaneous
!
YY- 2,447,698
.Total
181,896
———
2,086,319
operating
143,992;252' 128,709,757
22
revenues.
54,286.676
Operating; expenses
.2
Maintenance
li-yYV 433,723;
refund- of excess profits taxes
Post-war
with
purpose
tax———737,000
pref.
on
its
and
; f
.
continued
$18,517,324
1.1
interest
Divs.
of
dividends
————.
income
of
taxes."
tha
9,628,900
—
-Prepayments ■ -——i.—.Y
Other- current
,
this
in
ability."
:
on
is
investments,
compared with
Statement
taxes
Other
I >, 9,272,646
.
ex¬
alone
half
the Company
income
Federal: taxes
local
"it
each
and
paying
has
in
cent
or
———1-—
YY Balance
.11,663
,
—
—
supplies..;—
record;
on
181,080
—
;
that
Shea said
provisions
during the. past two years.
After retire¬
debentures which have been called for redemption
$35,988,000,
Interest
18,77.7,086
5,505,950
—
__
(less reserve of $300,209)
Accounts-receivable
-
1943
c
S.
U.
Telephone & Telegraph Co.—Earnings—
Month of January—
policy
Expenses
1 Other
30.102.431
-1.-,
was
con¬
■
r
—
sys*
states,
which
substantial
a
first-time
the
income
only fair
said,
best of
v
8,712,369
• $0.65,
—„VY
—
accounts
Cash
preceding week ended March 6, 1943, output was 61,555,538
of 3.38(4 over the corresponding week last year.—
■
—
fund
and
Investment
increase
V. 157,. p. 900.
Shea
the
which
Income
—$570,248,625
Capital stock expense
the
report
•
seems
Company
1942
Fixed-
kwh.
utilities), was 62,502,315
as
compared* with 58,259,214
lor the week ended March 14, 1942, an increase of 7.28(4.
other
"it
Mr.
to
$3,COO,000
to
ness
.
in kilowatt hours, both generated and purchased,
of
New
England Power Association and subsidiaries for the week¬
ended March 13, 1943 (the amount available for New England Power
Association
and other
reporting companies and secondary sales to
for
while
$379,790; balance, Dec, 31, 1942. $17,916,283.
Output Up 7.28%—
Total
its
in
April 15,
on
cash
Balance to. earned surplus—
1942,
are-still, not paying a
are paying no state
forward,
indebtedness -in
of
ment
preceding, quarters.
eight
making
was
income.;
added,
he
welfare
Through
400,000:
companies
also
payrolls,
net-
American
public
bonded
9,112;369
subsid,, company
—
subsid.
of
stocks
pfd.
on
Reservation of net income by a
Previously, the company paid regular
quarterly dividends of $1.50 per share on the 6% preferred stock and
of 50 cents per share on the $2 preferred stock.
YYY',,y
Y;;Y :;
:Y;Y.
the
———
—
Dividends
the
supplied
of
"because
1943,
of national stress, when corporations and individuals in every
are bearing
the burden on heavy governmental ex*
North
the
;
Preferred Dividends—
provisions for
operating
looking
The
7,356,800
>
tax
utilities
.'In
16,469,170
7,356,798
'
from; income;.-,————--
system
exceptions
some
182,353
Cr90,213
93,790
265^443
premium on debt—
deductions
deductions
Other
During
penditures and the-taxes of-investor-owned utilities are increasing out?
all proportion to increases in their revenues, governmental and muni¬
757,627
180,519
income
Miscellaneous
the requirements of the Act.—V. 157, p. 900.
Shea., said,
Mr.
as- much
outbreak
the
System
of'endeavor
cipal
9,679,824
61,234
Crl83,68i
of debt discount, and expense
Amortization
American
of
26,477,922
charged: to construction————*
Interest
North
twice
supply
preceding
months
12
the
planning."
the
consolidated
Total
9,392,083
116,557
Cr217,305
.
time,"
on
.
that
contrast,"
period
542,169
;
■
.
Interest
760,407
—-
debt—_
long-term
on
the
administration
war
'■■■
to
financially to the prosecution of the war, Mr.
exceeded
619,293
22,849,399
income
in
as
forward
out
total
ceeded
,
Interest
use
companies-in
of
center
'■
last, year
upon
produc¬
war
in Cleveland, Mil¬
the
increased elctric
,
Y Amortiz.
Other interest charges,.
.
of
consolidated
25,720,2.95:
—
called
were
estab¬
were
accelerated
for
meeting
for
expanded
'
will complete a $150,000,000 expansion program
two years before Pearl Harbor-
tribution
683,097
13,818,118
22,088,992.
...—
also
and
■
system
Federal
findings with respect to the purposes and functions of MUA Trust we
come to no other conclusion.
It can serve no useful or legitimate
function either in or out 'of the NEPA system and its continued* exist*
The
power
Pointing
:Y
639,427
...
—,
•
records
new
centering
areas
Income—-Dividends
14,181,258
_
—.
Operating income.
with
is directly contrary to
taxes
Emergency diversion reserve appropriation
oun
ence
taxes
York Slate water charge
New
Other
will differ from our order
respect to, the other respondent subsidiary,, holding companies in
we
shall order it
to liquidate and dissolve.
In light of. our
that
5,707,574
—654,857
Y
1,130,263
taxes
profits
Canadian income
Gross
such plan or plans,
respect to MUA Trust
any
order
Our
excess
Louis,
Europe,
policy
12,893,260Y 12,184,043
taxes_v-i_»V*'^r;--^4-^-r.'~ir--.----;i.' 7,294,056
6,013,769
income
Federal
in
initiated
6,275,139
6,824,247
—
Federal
that respondents may seek to. com¬
ply by means of a fair and equitable distribution of the securities in
the portfolios of the subsidiary holding companies/ perhaps preceded
by appropriate mergers among the subsidiary operating companies.
Obviously, other means of compliance are open to respondents, and
the enumeration of the foregoing possibilities are not intended as a
limitation on the respondents.
Any plan or plans for compliance with
our
order must, of course, be consistent with all the applicable pro¬
visions and standards of the Act and we will accordingly reserve juris¬
with
the
110,823,446 103,154,475
-u—39,409,511 37,298,553
Depreciation.
the energy
the ! greatly
for-industrial
war
tern's
Operating revenues
Operation
St.
they-,
companies
--i
:
and
•'enough
1941
'/■
$
It is also conceivable
companies.
of
yv
;:: ::71942
provided
system
many
Washington,
power
.
out. that
points
the financial statements*
accompanying
major- manufacturing
Although
the
Account for Calendar Years
the
waukee
any
Income
president,
the
as
in
stockholders
to
requirements. of
abnormally
V*"--:
'/
Shea,
tion
at
Consolidated
compliance.
methods
or
L.
letter
$15,074,722,
common'share; against $1,59
a
.
his
lished
System's consolidated operating revenues in 1942
previous year's the increase was more than offset by
greater tax requirements and increased oprating ex¬
penses,
Total operating revenues in 1942 increased $7,699,000 over
1941, but operating taxes alone increased $7,834,000.
Provisions for the year's operating taxes were $28,968,000, or 26(4
of the System's operating revenues.
Of this amount $13,002,000 repre¬
sented provisions for Federal income and excess profits taxes.
Total
operating taxes were nearly, $5,500,000, greater than , the total payroll
for
1942 and the equivalent
of more than $3.00 per share of the
corporation's common stock;
•
• ■ ,T
Paul A. Schoellkopf, Chairman of the board, and Earle J. Machold,
President of
corporation, state in their letter to .stockholders, that;
"Of the many System problems involving regulatory commissions, the
most
important is the proceeding instituted by the Securities and
Exchange Commission with respect to. the System companies ( under
the 'death sentence' provisions of Section 11(b)(2) and other provi¬
sions
of the Public Utility Holding Company Act of ,1935.. In this
connection there is under consideration a. program for. the simplifica®
tion of the corporate structure of the Niagara Hudson System.' The
feasibility of such a program is. being closely studied but no formal
action has been taken up to the present time.'^., ^
the
plicates
powex*
E.
Y-.
Although
MUA,
holding
1929.
exceeded
the
.
iindings
foregoing
our
Trust,
MUA
NEPA
the
■
and opinion the Commission stated:
its findings
in
.tern
appropriate to effectu¬
steps as may be necessary or
such further
In
Power
alone'was
1941.
In
-
commercial and other customers.
Tne report states that to meet the increased demands for services
the System had the advantages of its full generating and transmission
resources
through its interconnected facilities, which have been; pro¬
gressively developed since the formation of the Niagara Hudson Sys-
The Rhode Island Public Service Co. as a
the New
England: Power Association holding
Massachusetts
for
residence;
farm,
company
Association,
equal after preferred dividends to; $1.31
ifr
"
■
income oL the-parent company
Corporate net
include1 some of
>In-addition-to
meeting, the
increased
requirements of industrial customers,
the
report further states, the companies maintained adequate services to
System services were supplied, to, industries, which
the country's outstanding producers of war material.
22".2;-, 8.843,415
•_
,
48.436,044
.
->7,935.095
,
'
Operating revenues
Uncollectible- operating
Operating
Net
.—
$7,479,099
4,761
5,054,532
$8,064,343
6,697
5,553,274
_
revenues.
—
expenses,
$2,504,372
revenues
9,753,746
~T
..$656,641,456
Net
income-
—V.;
157,
751,103
.......
p.
.
New York Chicago
John
Pres.
W.
Frank D. Beale
V.
157,
as
St. Louis RR.—New Vice-Pres.
&
announced
March-17
on
the
and
Interest accrued-—.2
expenses
Operating rentals
.:
1942—4 Mos.—1941:
from
Non-operat,
$1,898,586
$2,380,983
operations.
income 2.,
33,515
:
v
■
$6,767,720
revenues, over
134,764,
35,024
operating
—V.
on.
$1,933,610
$6,902,484
of
1943
of
50
cents
$5,908,399
during
Payments
interim dividend for the first quarter
Cr730,422
4,332,580
income' of subsidiaries.—
1,238,225
Minority
int.
1942
17.
were
as
follows;
March
28
and
June 27,
40
Balance
1943—Month—1942*
Gross
income
tirement
Net
0Revised;
-$656,641,456
of
$1,324,156
$1,260,258
res.
accruals
19,678
22,971
246,372
260,322
9,221
14,480
140,277
110,642
■
The
sales
net
for
the
year
show
an
increase
;v:
••
Land; buildings
Operating
Operating
Net
—_
operating
expenses
revenue.—.
42,074:
52,319
12,892,826
i
operating revenues—
Operating
1942
$20,334,081 $20,007,058
——
—
taxes
—.
1942
and machinery
Net
operating
income..
income
—V.
——
12,575.834
$7,399,181
4,861,907
—
157, p.
1,963,612
Detroit
1
1942
for^ 1942,
net
523,351
250,000
annual report shows, consolidated net income of $5,731,000
and $400,000
10.9
15
in 1941.
electricity by
billion
billion
kilowatt
cubic
feet.
the Niagara Hudson System companies
hours, a new high record, the sales of gas
The
report
indicates
that
a
$4,696,232
1,302,886
■^Represented
by
48,000
shares
1611.
of
no
par
v
2,616,336
$4,808,411
Total
1,248,358
2,711,643
———.
$4,696,232
common
■
;. ;/
stock.—V.
U.
156;
large part
of
were
were
the
North
American System
price to consumers than
more
electricity
at a lower average
in any other year in its
history, the company's 53rd annual report, shows.
The report, which is being mailed to 69,000 stockholders, shows that
increased operating costs and taxes more than offset increased rev¬
however.
Consolidated net income amounted to $18,530,753,
equal after preferred dividends to $1.72 a common share, against $1.81
enues,
a
to
common
share for
$33,844,793,
common
share,
an
1941.
increase
Total consolidated tax provisions amounted
of
28
compared with $3.08,
over
1941
a> common
and
equal
share
,
&
Electric
Dividends
Co,..
'
furniture
Office
and
Discount
;
debs,
of
1,651,221;
337,500
525,000
"Y; Y
154,646
subsidiary.
639
YYY...
on
1
*365,766
debentures
TotalJi.——
265,760,467,281.990,327
'■;(Y.
6(■(" serial preferred* stock——
5%%\serial preferred stock—^
.
stock
Common
2,480,633
1,320,986
Co
equipment;
and
expense
Liabilities—
4,624,545
,
500,000
receivables
Other
,
18,559,900
892,041
877,041;
4.624,545
securities.
on
3,501,194'
trusr under sink, fund agree
receivable on stocks of Pacific Gas
receiv..
Interest
..
<11,295,717
63,765,419
63,765(419
_x—
Electric Co. and-. Detroit Edison
&
y
$
•'
.11,265,717
consolidated.
Gas
.1941
■
173,167,758 173,013,111
4,991.922
4,729,910
.
($10
par)
$30,317,950 $30,317,950
34,819,000
34,£
819,000
85,726,260
—
85,726,260
3 V-2 r.v
debentures—due: Feb.
1,
1949_„
19,400,000
19,700.000
debentures—due
Feb.
1,
1954_;
19,250,000
24,625,000
debentures—due- Feb.
Interest,
supplied
consolidated...
not
Pacific
of
Cash on dep. with
)
Co.)
1942
3^4 r'p
,
North American. Co,—Annual Report—
the
subsidiaries
of affiliates
Government
S.
4(<>
1942,
to
Cash
231,537
$793,882
depreciation—
Sheet; Dec. 31* (North American
S-
investments.
Other
$600,000
for- taxes——______
^Surplus
2,057,326
compared with $9,112,000 for 1941, before a reservation of
by a subsidiary company amounting to $480,000- in 1942
of
-19,000
250,000
—
Balance
stock
Common
,'„V 136,907
21,000
$4,808,411
Reserve for
:
;
(Paid:principally by distribution of shares of, capital stock
Co. owned, plus cash in lieu of fractional "shares.
.
Securities
.365,127
$2,700,030
income
Sales
.1941=
*
$3,075,710
mill
Reserve
4,678,875
(& Subs,)—Report—
;
Edison
,
Advances
U, 840;487
insurance
Notes payable-
996.
Niagara Hudson Power Gorp.
*
1
15.515,650
15,727,790
$1.81
16,208.2.04
$1.72
;
Capital stock of Detroit Edison Co..
Other security investments———.;;—::
237.567
Prepaid
During
The
1,411,230 2 ;
19,336,904
14,709,499
:
Securities of subsidiaries consolidated-.—
2;
.667,242
Cash
$7,378,905
$2,537,274
—...
...
the
$3,109,251
Accounts receivable
p.
Net
over
Liabilities—•
1943
revenues
52(<>
Sheet, Dee. 31'
Inventories
iPsfew York Telephone Co.- -Earnings—
Uncollectible
of:
;;■
Total
Month of January—
*
......
3,821,254
;
A net profit of $292,352 or slightly more than $6 per '
share
resulted
from
the
company's operation, and
the surplus of
quick assets:shows-an increase of $114,294,
;
ir.■'7l-X,:'
No.
732.
p.
-
....
18,530,753
surplus
of common stock.—
share
Assets-
previous year.
Assets—
1943—12 Mos.—1942
$120,592
and
'
Dividends/of $4.25 per share- were paid during the• year.;■1 >'•
after: re¬
income
—V, 157,
$126,589
revenues-
:V-
,
500,0001,0.50.006
dividends
for
per
'.r>
Richmond Gasv Co.—Earnings*—
Period End; Jan. 31—
Operating
net
47,628/
.
■:;V
Balance
Now lrork &
in
•
-
,
3,135,231
64,052
4,728,167
on
other- -deduction
y.,-7yy?
157, p. 996.
Nonquitt Mills, New Bedford, Mass.—Earning^-—
•
Sept. 26, 75 cents, and Dec. 26, $l.r-V. 157, p. 556.
each;
_
Cr597,289
&. exp.
1942-on cumul.
Total
-V..
share on the capital stock, payable March 27
per,
holders of record March
to
cents
an
...
debt*..—
2,124,604
?;■-
directors.have declared
36,923,24639,868.897
10,351.158
11,269,322
.
New York & Honduras Rosario Mining Co,—Dividend
The
,,
326,562
109,209,:-
-■
Dividend* -oh* preferred?- fctocfe -oL.
('
• '
pfd. stocks of Buffalo, Niagara & Eastern Power Corp.
" 2,396,511"
Balance for common dividends and surplus._
Paid-in surplus,„ less charges
;
24,649,526
; (Dividends on common stock.
;
Earned surplus
—20,934,614
W.V"-
996,
'•
*
funded
of -disc.
Earnings
$2,414,498
expenses.^
157,.p.
':'
445,768
Dr 14,499
'
141,620
v
V
rentals——w__—
2;
funded debt;.—ii.
depreciation of fixed capital—70,101,328
Other reserves.
_^.__.2_._22.^222'---2_2.'2v; 2,589,599
Contributions in aid of construction
;—
;
1,862,389
$5,766,779
*
8,-223,630
,
116,715*.
interest • .charges—
during constr.(charged ,to. prop. & plantPreferred dividends of subsidiaries..;.^;.—
•'.:
.
from
Reserve for
2
Excess- of
6,899,974
272,338,
i.iV:
Int*.
164.437
Accrued'and unpaid dividends to Dec. 31,
Inc.
15,111,307
30,815,941
Other
credits;._-.'i_2i'_22^^2.-r2*--2.:2-22_2-.2'2222-2'222-:'''2.2,934,685
Deferred
...
merchandise sales
Grogs..income
Amortiz.
.
$10,722,981 $10,116,911 $40,008,280 $37,345,009
_.2;
8,275,66 1
8,175,269 a 32,974,670
31,459,395
66,337.
43,056 v; 265,800
118,834
16,397,859
29,539,509
reserves
1
3,498,536
1,080,000
"^_222.'m..2—22'2222-^2ii
income
Interest
2,366,383
—
8,612,835 2
.
6,621,239
r
-
168,491
752,791;
Other current and accrued liabilities...—
revenues...
oper.
:—2.
-
■;-|i.. Other- income
■accrued*-u-;-_-t-.i.-..^___u_i—16,560,814*
Taxes
J.;f
'
Divisions)
IND
1942—Month—1941
Period End. Oct. 31r-
Operating
System—Earnings—
IRT,
BMT,
depreciation
for
Net profit on
Net
amount of funded debt of subsid,; cos. maturing 2 ,
:
for redemption in 1943L2t--:^'22C2222222,2:^222221( 408,00Q
Dividend declared on prefwred- stock, of-.'a subsid. company
: 262;586
Liability relating to reservoirs due in 1943
Customers': - deposits-J-
(Includes
Interest
;
called
or
12,678,774,
taxes.
taxes
«*
2
Principal
election
819.
p.
New York City Transit
Total
Accounts
•
of
Vice-President im charge of operation, of the road,—
Davin
inc.
operating revenues.
Non-operating revenues—dividends
——'22
2
22 235,141,836
payable,4,392,872
debt
Long-term
2.14,544,780. ) 14,099,999 V-
taxes.
State
profits
Net
.
732.
and
excess
Appropriations
preferred stock (cumulative) 5.^ series ($100 par).. $37,887,500
preferred stock (cumuL) 5,(®> series A. ($100. par)..
9,028,100
series B; ($100 par)
1;564,90Q
Common stock ($10; par)^.._
95,810,085
Preferred stocks of, subsidiary, companies—...126,664,009
First
$1,293,344
768,981
$1,243,550
operating, income
income
Fed,
Fed.
Appropriation by subsidiary for post-war adj..
Liabilities—
1,126,462
than
for
for
Prov.
Second
Net
other
Taxes,
Frovision
Total
$2,419,806
1,260,822
operating
Operating taxes
V
Deferred debits
.
in
to
$3.95
1941,
accrued
accrued
Taxes
Dividends
Funded
on
debt
Reserves
for
4,625,000
1959
593^932'
debentures——_
594,285
(net)—...
preferred
payable
Other current
Other
on
1,
&
within
investments
Paid-in
surplus
Earned
surplus
and
—
;
54,809,168
207,430
225,894
54,445,122
138,680
312,994
——
...
1,050.000
1 82,852*
contingencies.
—„—
955,313
675,000
year...
accrued liabilities..
reserves
765,625
1,032,680
955,313
stocky..—„
—
312,994
17,916,283
23,250,809
a
Total
265,760,467 281,990,327
-
Volume
'*•
Number 4161
157
Consolidated
v:
J
'
Sheet,
Balance
:
..
,
Assets—''
•'!'
"
;
.
.
,
^
<■
"
HI
Dec.
.
Northeast Airlines, Inc.—New Air
,
\'vy':' 1942
$
/
<
-THE COMMERCIAL & FINANCIAL CHRONICLE
;
' *1941:'
$
v/'
.
\
■
A
Property
and
plant
——_—681,996,161 660,845,246
Cash and securities.on'deposit with tr,usteesi.-.v;.,:
.171,315 • .151,121
Cash
hand
on
!—'■*-!,' 1,300,000 •••
deposits
y.
Government .secta-ities-^!——6,936,065
Deposits lor payment of int. & divs, & oth. dep.
Divs.rec.
['
Accounts and
Materials; arid
Disc,
and
Commis,
1,351,186
11,613,113
13,487,634
7,986,149
sell.
prem.,
by
totaling
funded debt
4,907,595
stocks of subs'..932,553
on
pref.
on
exp.
17. by
with
the
application,
filed
portation
Co.
••
less
expense,,
and
The
be
2,588,374
El,
&
Gas
on
routes
this
would
which
by
air
of
is
said
to
the
length.
in
application
for
an
an
first
the
of
kind
its
authorization
for
of
expense
Prepaid accounts
and
*
from
would extend
the Faroe Islands to Glasgow, Scotland, London and Paris and
Oslo, Norway to Copenhagen and Prague.
Another branch ex-
.tends
:
subsidiaries^—-;y 1,297,0431,282,53.2
deferred charges—.1,753,673
1,924,751
llLli——y
Total
from
869,569,797. 859,094,383
(!-y'!;y7f y
•"•ri
Net
Leningrad,
the: Scandinavian
from
■An-'alternative-
V.
■>
157,
Russia.
Supplementary
countries
Boston-London
is
route
routes
Amsterdam
to
Income
stock
($10
! 85,726,260
98,854,212
part
in-com.
•Funded
debt
of
14,132,614
Funded
debt
■vV- Years
Qo.^4j.^---X:- 33,650,000
48,950,000
of ,SUbsidiariesj__^i-;__--t._-L.i-._G 249,480,450 244,509,650
Accounts
Taxes
Dividends
■Funded
debt payable
within
deposits 'Uyy!~—2,767^318 v
and accrued liabilities—1,438,372
current
.Contrihs.' by. customers
for
than
inc.
and
profits taxes)
5,422,291
for Federal and State income taxes—.—
3,847,850
3,411,270
surplus,
provision
Reserves
for
casualties
4asttranceii<iifh.:^-'
and
reserves
Premium
^
preferred
on
surplus
Barned
Federal
excess
income
of
stocks
North
Surplus
•_
4,194,845
excess
profits tax_7—7u_._i._
income—
Co
American
„
x
-»-•
3,155,653 !
slock—
'
96,119
Premium
«•
1,192,500,
312,994'^vv^312,994
j
-Preferred
.
Miscellaneous
7
•
The "Securities and
19
hearing
a
until
Exchange Commission postponed-March 12
whether
on
retain, the
to
hearing had been
the
St. .-Louis
scheduled
North
County
Co,?1 should
American
for: March
direct
Co.
16.
as
series
...
items
1,375,000
...
5,900,000
194,940
129,040
$3,548,440
for
Federal
tax
profits
excess
the
for
Electric
Co,
of
Missouri, a subsidiary.
stockholders', move constituted
directors
counsel
American
and
that
under
Co.
directors
shall
defense-in
officers,
costs
Justice
the
of
from
stockholders'
a
of
section
a
recover
Car-roll
defense
the
their
suit."
be
;
,
,
Holding .the
Northern Slates Power Co. (Wis.)
year
{& Subs.)
Walter
York
New
costs
pompany
debentures,
April
15,
Central
at
Hanover
and
102
939,797
;!!•;:
.
678,000
Bank
See also V.
The
directors
have, declared
and
accumulations
of
series
and
A
series
B
dividend
of
$10
dividend of
quarterly
a
per
$1.50
share
account
on
made
6n
Feb, 26,
on
common
per" share
on
157, p.
348.
"
Earned
surplus,
the
Comparative
.e,Trf
v,.
1943—Month—i942r.
Gperating revenues '7777;; , $319,782
Operation 77-7^777772777r 132.571
•Maintenance
inc. &
Fed.
.
•of
$2,811,955
$171,458
330.119
!:
459.343
7
-;j
■
Other
Mr.
.
Woodward
partment
10.468
233.866
,!■: ;4V70,554
.:
fv." 26.747 !
17,915/
'$43,777 •""
;
r
Gross
will
act
Personnel
and
procedure in
in
was
Jiaison
relation
$541,251''
$37,232
130
i4d»;
1.533
income _!_!w_!
'■
$43,907
$37,372
$542,784.;
164.607 '
depreciation-
•v";
»
15.387
V
.
.
22_:7-27—-2
Balance
•Int.
$28,539 ! <1 $25,400
*
:V-n 2,757
deductions !!-!■'
of
1st
collat.
lien
j
42,345
3,400
;
$22,000
$25,782
bonds——77;
'
$186,367
\
.
29,986
Packard
of
—_2:.
$314,601
$156,381
capital stdck__i27_72—
157, p. 996. ''"7 ■
66.097
44 065
Net
income
Dividends
—V.
on-
States
Years'Ended Dec.
Power
Co.
(Del.) .;(&
31—'jX^Xr'''/'. '^,/X t
Operating•" revenues
'Maintenance
•
.DepreciationProv.
______7
(other than inc. and
for Fed.
and
State
excess
income
>fProv; for Federal excess profits
"
Net
..•Other
>X.
bperating
-Income
'5,457,291
5,328,2T3
profits taxes)
4,102,850 "'
•
tax_7—!———
income——1—I
4,445,300
3.411,270
••
; 96,119
income
deductions
Subsidiary dividends
and
minority
122,570
'
$10,276,027 $11,811,994
4,266,582
4,260,130
1,431,205
1,431,205
interest—..
3,827
income-O—I;..!—illEarned surplus,-- beginning of period
r-i.
$4,578,240
.-.4,279,585
$6,120,659
3,437,999
,
2,221,381
$1,353,127
'■s.'"'
the
North
Total
;6'/r
.Miscellaneous
—
direct, items
$8,857,825
$9,558,658
2,341,578
,(net)_—.
140,504
210,225
t
surplus, end of period—_——' $4,915,540
"Preliminary,
year
tProvision
for
Federal
profits
$4,279,585
tax
for
the
1942 is after deducting credit for post-war refund of $379,030.
Weekly Output—
Electric
output
of
the
Northern
States Power
Co.
system
for
the
ended Match-5.13* .1943,. totaled .39,09.6,000 kwh., as comparedwith 33,991,000 kwh.; for the corresponding week last year, an increase
of 15.0'.i,—V. 157, p. 996.
of
in
available
OPA
car-
disposing
of
157, p. 901.
authorized
4
Plains
&
the
lease
RR.,
&
Kansas
Santa
Santa
Fe
Ry.,
Fe
City,
Pecos
Texas,
Clinton
&
Texas
River
the
of
company
of
RR.
Mexico
North
Ry.;
and
the
by
Clinton-Oklahoina-Western
Orient
Ry.
&
Santa
RR..and
Fe
->f
Ry.,
part of the
■
400,093
of
(& Subs.)—Report
System
for
1941
;
$.''
■$■:'■.■',-•.'■■
Calendar Years
/.:<! 1940
1939
$
$
105,500,623
97,703,112
89,928,921
85,703,889
revenues—
61.408,405
42,656,512
35,147,467
33,156,914
' ''
service
service
Total
'1-'-
■'
revenues!
oper.
•'
■.... -
'
■■
•
4,698,908
4,408,644
4,063,293
171,607,935
144,768,267
129,139,681
122,650.604
614,038
—
Uncoil,
$429,781
Statement
revenues-
,,"2:
•Miscellaneous
531,100
$567,716
487,840
v-
& Telegraph Co.
Income
560,030
511,090
482,299
revs.——
77:Total opefi
3.789.80F
170,993,897 144,208,237 128,628,591 122,168,305
revs.——
24,624,365
18,254,968
17,795,274
18,670,625
'^Commercial expenses—12,374,914
t
Oak Park Theatre Corp., Chicago—Bonds Called—
Operating rents
889,970
Gen-and miscell. exps,!
:
15,579,577
Insufficient'tenders-having been made to the sinking fund of this'
Operating taxes
34.410,946
corporation .(owning the State Theatre Building,. Chicago), created by
its net earnings for .the year 1942, there have been called for
redemp¬
11,058,198
10,453,649
10,125,445
593,253
542,720
566,6"04
12,893,898
11,931,294
10,380,930
24,248,857
20,055,235
17,579,987
23,977,198
22,517,030
21,743,074
L>r705,543
330,813
148,927
7-77-7
\
expenses
29,829,686
—
of
as
April
10,- 1943,
20 first mortgage
bonds
dated
Jan.
Net
1935,
2.
at par arid interest.
Payment will be made at the American National
Bank & Trust Co., trustee, 33 No. La Salle St., Chicago, ■Bl7''-:77(7'-;-r77'
Ohio Associated Telephone
v; Month of January—
' !
Operating -' revenues 1—77
•Uncollectible
operating
Operating expenses
—V.
157,
1942
—$94,334
$77,527
91
J
51,842
r.
45,941
$42,381
$31,495
15.916
11,867
$26,465
incoine_„
733.
p.
^1943
ill
—
Income
.
Bell
charges—.!-
-Operating
1943
operating
1942
$5,308,031
22M1M4
2i.8«2.001
22.P«n.8'>4
1,773,460
1,773,460
1,773,460
1,774,038
interest
1,343,283
2,626,584
1,851,288
.'
Release
of
funded
10,398
revenues——
expenses
operating
^^———,
3,053,792
Cr9,728
reserved--.
921,300
Net inc. avail, for divs.
19,243,339
Net
income
Divs.
on
pfd.
Divs.
on
common
"Operating
$1,936,063
1,408,947
taxes ■_!—
,p.
■
1,159,116
operating-income__„$842,293
income
"Federal
733,
■
$776,947
^780,061
tax
accruals
for
..
1943
are
■
.
at
rate
;
,
Trie
now
in
755,868
effect.—V.
157,
agent
stock.
National
transfer
to
effect
agent
the
Bank
for
&
Trust
.capital
Co.
stock
exchange of voting
;
•
of
of
18,276,980
;
Cr9,731
s!*-*-.--.
(6% )
4,920,000
4,920,000
14,767,500
12,635,000
*444,211
——
stk. out-
com.
19,x31,610
4,920,000
4,920,000
12,635,000
-
.
13,086,250
1,125,360
902,527
721,980
2,358.431
1,805.000
$7.50
$7.40
•.
2,461.250
$5.82
!■!•'!
.
JX-XyX'y
1,805.000
$7.87
.
1
Assets—
-/■
1942
1941
608,939,439
561,882,224
property—735,846
1,139,711
New
the
Other
been
for
:——.
funds
598,169
————325,000
325,000
2,033,528
—„—
407,954
145,677
—,
99,714
Cash
Special
deposits
Working
funds
receivable
Discount
Other
647,793
2,623,620
—
on
—
——,——
-———
capital
14,991.142
8,738,725
10,219,691
3,707,914
3,856,823
4,817,811
4,817,811
—A--!--.
supplies—.
deferred
4,010
21,558,559
—
receivable
and
90,539
3,715
Prepayments
has
corporation
trust certificates
.
physical
investments
Material
York
above
plant
Miscellaneous
Notes
.
Operating Corp.—Transfer Agent—
Sterling
appointed
■■
,
Comparative Consolidated Balance Sheet, Dec. HI
Accounts
.and
18,457,527
:
1,664,917
Cr9.727
stocks
Deficit.
Sinking
.Net
stk,
Cr9,728
2,778,336
$2,251,240
revenues.
1
on
(net)—
Telephone
Net
premium
debt
$4,724,797
2,999
_i—1^—i——
23,271,6*4
'..
interest
*
7.7:7'
135,760
"•■!!;'.!''
Other
standing (par $100)—
'Earns, per sh. on com-
Telephone Co.v—Earnings-
revenues
!
.
Surplus
....7;
!
for
22,425.074
.
$19,628
•
Month of January—.
Operating J
income__
available
Shares of
;
income
oper.
non-oper.
fixed
,
revenues—1—_
Operating;taxes
(Net"-operating
Net
Eond
Co.—Earnings—
-
-Net -operatingrevenues____
;f:
Olicrom
•week
models
relaxing
dealers
20,065,982
«.
excess
of
was
volume
25,581,668
Net
Earned
This
car
19,715,037
.2,727,270
1,756,183
dividends—
dividends—
,.2,045,598
^
——--——r——.
preferred
preferred
11%.
total
Clipper
aid
to
1942
;'V
Toll
$960,881
785,411
income
157, .p. 901.
'Uncollectible
;7tf-
1942
announced
expected
'
Local
9,900
2
7--_71-,2j—_2-
income
Ohio
,;' (Net
the
23,352,278
700,000
$10,179,903 $11,689',424
_
to
year
29,664,110
1,607,475
4,190,000
taxes!—71^-1
income;,
Gross,
1,568,556
first
21,993,228
"
7-4,475,000
the
32,103,953
$44,000,196 $42,578,873
14,805,321" 14,618,401
.
Taxes
1°41',
in
Traffic
Subs>)—Earns.
"1°42
franchises
distributors.
Depreciation expense—
Net
—V:
tion
Northern
•7
dealers
that
additions
as
:
Packard
'
•7:;
fact
and
the war was about
2xk'/<
of the company's
recently
are
Western
Consolidated
( ' •.
$3,192,162
expenses
operating
the
-Current maintenance——
'
25.794
Net
company
continues in
state.
Confidence in
the
in
seen
however.
The
Feb.
on
Plains
,
2,804,545
revenues
■;i Net operating revenues^7—
; Operating taxes
-
Auto
the
will
report
was
of
number
a
regulations
•
$4,161,499
„
,
Gross income
conditions,
buyers.
/- Pacific. Telephone
■
!
number
estimated
still
are
ICC
South
•
;138.181
Post-War
■properties of the Pecos & Northern Texas Railway.—-V. 157, p. 477.
$228,712
37,782
$340,395
:;!t 11.972
for
in
$366,893
$378,177
'
Income
j
7.7'7i!9437v'7( ..-»;2l94^7
-Uncollectivle' .operating
2,228
$2,034,299
!-•
whether
of
the
future
of these motor cars.—V.
Texas,
the office special-
-Eariiings-r
revenues
fields;
in
an
.properties of
& Oklahoma
Woodward
man
January—
Operating
$364,665
$1,837,490
surplus—7—
Panhandle &.Santa Fe Ry.—Lease of Lines—
between the Operations Deinterpreting personnel policy
to operations.—V, 157,, p. 819.
as
Department
273,165
participation vin
to
eligible
The
..
.
7
'
(Operating•
years,
319.000
.
1
Operations
R.
Emerson
loss
normal
rationing
Ferguson,
777 '7 7\77.:. x7.7;' ' 77777
number of
a
K.
,
■
Co.—Plans
regardless
engine
net
There
Created—
in the
by
Car
automotive
country's
to
$44,000,
Month of
162,004
224,222
'
:
the
$500,003
.Northwestern Bell Telephone €o.
>
'
!_._
income
announced
was
stock and
;!;,'!;;..''!;!'; .7,77
'.
business
equivalent
7
79.307
•
Operating income
corporation
Minneapolis who, for
and
"
)
this
in:Charge of Operations. 7
position, Mr. Ferguson appointed
fill; the
830,931
7
$551,360
—
excess
'^•ties5 business in Minnesota's largest city.
•
$1,662,020
1.257.021:
The
.'
>7".7:7.
prof.,
ta xes
-Other, taxes' LjA-U-!,
of
'
82.706
a22_v2_237.380
excess
•>' To
7' 23,138
1,136,193
Northwest Airlines, Inc.—New Position
Vice-President
"1^-7.12 Mos.—1942
27,135
'Creation of the position of Personnel Coordinator
•
'
Consolidated .Income-Statement
Period End. Jan. 31-
'
——
319,000
273,165
Motor
special
many
.*North. Texas Co. (& Subs.)—Earnings—
-
end of period
"Preliminary X',fFederal
864.513
$2,429,655'•• $2,676,464-
.
for
196
new
outlets
were
signed during 1942
already large and loyal body of Packard dealers
$1,663,331
stock
$3,540,977
t!2-i!!.v;; 848,676
..j——
OOL
P.
company's
,463,275
27,135
!
—
1,327,529
! $3,278,331
dividends
facturing
under
Department
'.l
500,003 ,;
profits tax at rate of 90'
less post-war credit of $4,400.—V. 156, p. .2137.
';:X:XfX:H'
6';f
last,—v.
825,260
$1,200 057
961,394
preferred stock
Xj'''
cumulative preferred stocks, par $100, all
payable April 1 to holders of record March 25.
This wiir clear up
all arrearages on both issues..
A distribution; of $10 per share" was'
?also
$2,025 317
$1,539,889
on
■
a
117,207
:
1
beginning of period—
Dividends
157, p. 996,
i
$1,039,887
—
23.475
$4,868,506
That, after the war," Packard motor cars again will roll from the
production
lines,
down
which
PT-boat
engines
and
Packard-built
Rolls-Royce aircraft engines are now moving in volume quantity, will
be announced
officially for the first time in this company's 39th
annual report, for 1942, it was learned on March 15.
Packard is definitely committed to return to the automobile manu¬
.
North American Car Corp.—$10 Accrued Dividend— 7-;7
,
92.117
843,527
income
22,979
1,626,252
deductions
Packard
$1,908,110
$1,883,413
(Earned .surplus,
of
as
Net
828.013
$4,845,031
$4,904,583
accruals
reserve
Manufacturing Announced—
139,600
$1,791,296
Payment-will be, inauc-at the
Co., 'trustee, 70 Broadway, New York,
Trust
&
'
„!"'■
—2_2!!7!—77——7..7^-L^!!2::7
income'
157,
the
•334^v
interest.;
V.
,
''
788.920
2^!.7*!!; $4,881,604
(net);!7—(.^77—727—_!»,—
-
:!■; Balance for common
917,284
882,000
taxes__
income
Dividends
V,
N,
income
1.756,150
$5.50 convertible prior preferred stock divs.—-!
707,400
Income deductions
$
16 announced that $3,000.000- of
1954, have been called for redemption
due
series
-
next,
Gross
.
;*>,**■-,O"1
March
on
"•
302.Q90
prof, taxes.!;
income:;L!^!^7X;72-—!L7-—77-72
Preferred
$6,638,328
733,020
—
profits tax—
excess
2.—296,796
income
Income
2,125,713
—
successful
a.
State
3,492,857
T^!.—847.853'
—
Gross (income
7,V 301.821
& exc. profits taxes)
and
1942
$10,2j6,911
3,935,681
■.
1941
293,398
Net operating income —i„i—.
Other income _7
1
i
T
the North
law providing
of
Federal
for
Provision for Federal
by
motion
—
(other than inc.
Provision
against
State
the
company
defense
granted
Taxes
■
7
'
,
.
i
1943
$11,718,085
i
,-^—r!—
Retirement
is
1942
2,155.768
-Maintenance —i'
Depreciation
'
revenues
taxes
>
Other
V,.
Earnings
$6,834,880
—
Operation
$1,230,000,
Co.—Earnings—
/
.
Utility operating income
.
$3,182,440
"1942
Operating revenues
;
,
successful
a
Gi
assessed
l;y.;!L>ebi2ntures;Called' for Redemptior—The
Gas
^
refund of $379,030.—V. 157, p. 168.
Years find. Dec. 31—
V
$1,886,750
profits tax at rate of 90'v,
157, p, 557.
excess
Federal & State income & Fed. exc,
Other
Net
'
postponement;
.3,635
$3,038,382
period——————
of
tFederal
Maintenance
1,375,000
(net)—„
after deducting credit for post-war
be
Minority stockholders of the company have dropped a New York
Supreme Court suit against directors and officers of the company
.for .recovery -of -several hundred thousand dollars allegedly paid out
as
political contributions several years, ago In St. Louis by the Union
.
end
Operation
a
State
the
11,875
29
.;
■•
$10,652,379
r
.of
surplus,
■Operating
Gross
Note—Provision
subsidiary.
The- company; asked
Gas
Stockholders Drop Suit Against Officers—
,
75,306
recired_*_!M„——9,500
charges
Oklahoma Natural
"Preliminary.
.
permitted
$5
Earned surplus, end of period
v-
133,902
95,189
12 Mos.End. Jan. 31—
2,719,425
4,500,000
dividends;
Common dividends
•;
-
the
plant adjustments account-^!
less credit for debt retirement of $123,000,-^-V.
$7,932,954
3,182,440
surplus,, beginning of period—
-
$9,552,480
Utility Hearing Postponed—
The
1,025,346
1,151,400
debentures
on
Earned
869,569,797 859,994,383
—
"Revised,
for
common
Miscellaneous
$4,283,215
1,025,346
;
133,902
stock—575,700
-
122,570
$6,370,040
income-';'u77^A7t.LO-'r2j--''7->':—-7—-.-17
-
^Earned
-
Total
April
6n
Amort, of electric
1,655,090
' 49,507,075 .52,076,421
—
—
■
•'. 1^1—1.
$4,878,048
stock!——.——
cumulative
5,288,826
60,000
36,000
——
contingencies——553,068
cumulative
$10,596,691 $12,126,719
r^-.^L,;7.
_7—
1,192,500
subsidiaries—
of
'
:.2,332.913
•;
—
4,312,397 ■77:;. Net
4,316,838-
—
72,387
prior year——
tf/<
"Preliminary.
operating
Other
'
•
for
reserve
debts,
for
Reserves for undetermined liab. for add, taxes
Paid-in
bad
6(7
; property
Other
for
on
prop,-'-X 1,981,787:1,867,970
construe,, of
1,802,527
beginning of period
for taxes, prior years———.
on
Dividends
depreciation and
retirement" of !!:>! r ye.-■;.-i,.-'; i'! ;
Gross
income 7-.—-7—-4.: $10,692,810 $12,249,289
Income deductions T—
and plant——
)_
—151,990.289 142,595,606
'
4,266,564
4,260,130
Conting. reserves, losses on inv. in transp. prop. '.-11,170,836 ;?• 10,710,116',?r,-Subsidiary dividends and minority interest-^:..,
56,205
56,205
'Reserves Tor investment and contingencies^!!!-! 56,971,502
56,816,855
Reserves
v
1,967,494
$2,389,687
1,886,750
—
.'.Total.
700,000
Net
>
1,937,676
$2,365,244
*
4,181,300
for
7Prov.
899
$1,357,181
provision
1,607,475
4,190,000
4,475,000
(other
Prov.
1,-718,688.
1,413,600
1.648,750
1,372,400
4,494,200
year———
one
-Taxes
2,431
Dividends
14,484,553
1,568,556
•Depreciation
3,368,075
.
accrued
Customers?
.Other
3,251,714
accrued
14,678,538
—'
Maintenance
4:-?'6,631,037. >'.7,613,419
^13,161,328 ! 10,614,163
payable
'-accrued
Interest
'
$4,356,233
Dividends
4.7'. 7"! ■.♦1942
1941
j.--17-1.2.' $44,000,196 $42,378,873
Operation
240,000,
Bank
120,000
$4,300,489
•_'—'
Excess
3I-r-7-'7
•Operating-revenues
.
413,500
A-,—*--——-—
Earned
Azores.-—
Power
Co,
(Minn.)
(& Subs.)—
X:i-4.
,;'4:. ■'
■
Ended Dec.
tl,107,000
taxes——-—
——7^—$4,302,920
Excess
the
for
proposed
States
4;.Earnings—,
stock and surplus of subs, y 14,287,689
North'American
Northern
r
85,726,260
98.854,212
Preferred' stocks of subsidiaries——-,——!—'
934,500
114,000
income
Transfer of
Minority int.
1,592,285
860,000
deductions
Net
.5% 'A
Common
23,884
1,461,560
——'
—
income
6$1 serial
preferred stock—!A!!—30,317,950 ; 30,317,950
serial preferred
34,819,000
34,819,000
719,599
income-——,
Gross income
,
London.
and
.'7 :'v.;;y
348.
p.
1,600.000
23,410
taxes—
operating
Other
and
816,483
1,606,000
—
Investments—u.-
taxes—
profits
income
V
'
other
y! Li a b ili t i es-'-y.■■■]<' '*■
excess
State
Sweden
932,553
reserve
direct
proposes
3,275 miles in length between American and the British capital.
The
.primary Boston to Moscow route would have intermediate stops at
Reykjavik,
Iceland;
the
Faroe
Islands;
Oslo,
Norway;
Stockholm,
V
retirement
———
income
Federal
and mail over various routes
principal Boston-London route
service involving flights
The
—
Federal
4,689,231
repairs.—
for
1941
$14,449,282
4,568,282
—
of limited-term electric
Taxes
trans¬
01942
—$14,857,223
—,———
—
and
Appropriation
to
ever
the
revenues
expenses
Maintenance
Amort,
•a
Organization
Operating
Operating
was
application
filing
in
be
'
.specified'in
Years Ended Dec. 3i-~
Board.
requests
property
persons,
miles
22,866
on
Aeronautics
airline,
establish
Boston
as
trans-oceanic air lanes
corporation
Civil
domestic
a
Oklahoma Gas & Electric Co.—Earnings-
,
institute
March
3,396,000
1,120,703
notes receivable. (heti^_u„-v.y-.f.,1.1,357,051
supplies (at:cost or, less)1.3,785,527
Pacific
of
to
taken
-such
Routes—
several air routes across the North
London, Paris, Amsterdam, Moscow and other
to
European Capitals
which
international air terminal
.
,y 1,256,257
2,957,015
stocks
on
and Detroit Edison
action
Boston
•important
[121,339.520' 135.689,814
in,'.banks-l,_^LA—^r—-----i 19.715,576 17,489.453 *,
and
Tittle
S.
■Northern
(at cost,or
Investments
sweeping
Atlantic from
1087
stock!
—
charges-
—
1,237,638
339,651
^
653,843,727
600,443,977
V
the
Total
—
stock
Preferred
Total
!
*
Advances from American Tel. & Tel. Co..
Advance
—
25,211,639
(net)..
239,879
117,510
funded
premium on
debt
deferred credits..
Other
Depreciation
of
telephone
reserved
—-——————-----
Statement (Company Only)
Comparative Income
service
revenues—
36,908,314
revenues.
service
2,531,391
Miscellaneous
to do.".
Total
revenue..
—$101,491,085 $84,380,185
341,338
279,030
Total
revenues_$101,149,747 $84,101,155
19,462,239
17,731,588
maintenance..
of
Value
ODGr£itiii2!
miscell.
Operating
Net
Net
13,238,564
5'951,550
407,488
429,157
9,556,771
7,941,387
7,490,868
12,730,984
11,065,760
$12,254,790 $11,090,811
10,371,589 10,888,544
fixed
Income avail, for
charges
interest
9,371,142
,
_
of
Release
on
prem.
Cr9,728
Cr9,728
621,300
r-,
DiVS.
on
on
common
stock.
((%
Assets—
'
physical
Miscellaneous
property——
in subsidiary
Investments
investments
Other
Cash
1,180
Discount
;
4,817,811
4,817,811
811,87b
stock
capital
on
*
appeal
stock
Preferred
1
I..—-——54,568,000
the
Notes sold to trustee of
pension fund
Other deferred credits
Surplus reserved:
2,193
-
Unappropriated surplus
has
;
1943
Operating revenues
Uncollectible
-
——--.-...—i$9,156,646
revenues.
the
P.
■
Trustee,
Operating expenses
stated
that
in
Eastern
favor
District
and
against
and
the
the
annual
1941
cond'tion
financial
of
the
additional
makes
and
.
■
t
W.
the
by
during
Court
and
Va.
and
the
counsel
for
in
which
of
the
of
-
American
nroceedings
still
are
petition
Pennroad
Maine
—V.
157,
$1,156,361
of
are
$999,994
The
with
of
Brothers Co.—New Proxy Appeal—
Palmer
has
been
gratifying that
so
mutual effort
which
we
'
Carloading Corp
7,242,250
:
to
;
be
•„
; v'..v-' •(■.•••
.'-V v.-;r; .-..
committee feels that unless
when
Pfeerless
to
146, p. 3675.
Weighing
Stockholders
May
&
Be
Made
the Circuit
Court
Chambers,
Int.
(good
to all other stockholders of the corporation to purchase
shares at the same price as the option price (i.e., $17 per share for
for
30
days)
preference
be
made
of
the
stock
tender
for common stock).
If such offer
not less than 51% and not more than
stock and $1.25
and
a
total of
outstanding
preference stock
of
the
outstanding
80%
common
shares covered by the options) shall thereafter
stockholders, Mi'. Rockola will purchase the shares
(including
by
and
shall
The Penn¬
for
sinking
Yeats
Calendar
1939
1940
1941
V
$982,234
$1,578,515
$2,201,496
9,911
10,421
662,042
680,326
from other accts—
27,635
10,717
19,261
24,412
income
$2,227,825
paid
Federal
16
fund
legal
963
17,485
19,159
14% 665
166,302
166,537
221,467
income
■
185,087
•101,069
exos.—
taxes—
semi-annual
and
Oct.
of
per
record
June
on
dividends
participating
22
initial
An
to
last
on
of
of
record
50
cents
which
year,
Dec.
of
preferred
holders
distribution
12,
per share
directed
(1)
for
the
the
was
11,. 1942.
payment,
company's
Ry.
Co.
second
which
157,
$685,400
733..
p.
1942
;
July
on
1,
the com¬
on
directed
3%-6%
the
pay¬
consolidated
5Va%
mortgage
outstanding
arc
1943—Month—1942
Sales
$2,698,354
—V.
157,
In
bonds
hands
the
733.
-p.
■
,
$2,343,969
-
,
1943—2 Mos.—1942
$5,391,328
•
(The) Peoples Gas Light & Coke Co, (& Subs.)—An¬
Report—
'
'
Income
Years
Account,
Ended
Gas sales revenue
Other gas
Total
Gas
oper.
(Company only)
;-V.Y. 1940
1939
1941
$39,832,553 $37,821,147 $37,525,476 $35,915,688
10,040,687
12,304,145
12,649,275
12,586,360
707.519
609,618
1,204,540
1,535,272
9,250,743
8,982,542
10,205,682
9,655,636
revenues.
........
produced
Maintenance
1,286,703
Depreciation
1,285,990'
Federal taxes
3,902,344
2,042,754
•(Excess profits taxes....:
2,816,497
3,408,817
-
.
3,373,069
3,245,128
959,113
352,631
1,849,900 '
.640,000';'C:
4,362,935
,
1,321.851
2,782,949
!
%
■
■
■
1,288,149
2,736,784
2,799,996
—
State, local and miscell.
Operating income
$5,438,872
$6,003,350
1,418,164
$5,029,150
' 929,668
$4,435,861
1,222,242
$6,661,115
$7,421,515
$5,958,818
$5,761,530
2,443,548
—
2,731,982
2,935,998
3,079,522
Other income
Gross
Int.
long-term
on
Prem.
•
income
1,325,669
&
int.
to
debt.
(%.%((%:,;(.■.(!%<■-"i"(:.:.--r
matur-
ity on bonds reacq. &
'174,155
cancelled
Amort,
and
of
debt
92,491
v'
disct.
237,893
120,013
70,002
expense
Exp. in connection with
issuance
of
bonds—
:v'
..
charges.
27,847
( 112,912
deduc-
66,640
84,871
52,555
50,744
...—...
$3,948,925
$4,279,183
$2,682,664
$2,241,489
interest
Miscell.
50,074
income
167,587 (151,882
Net
income
of
Per
stk.
in
656,000
earnings™.
Note—The
income
been
adjusted
disposition of
taxes
Circuit
1941.
this
$4.09
shown
(
$3.42
have
above
Court
of
Cook
County
in
respect
thereto
on
applied to the net Incomes for the years 1939 and
in upward adjustments of $423,711 and $294,954,
■■
•%-'<.
Balance Sheet Dec. 31 (Company only)
'
'-'1942 '
1941/':
•
,'7
property
and
charges
$
■
equipment-—153,694,849 153,065,508
13,611,456
11,473,722
....—....
Excess profits tax
Special deposits
post-war
refund
226,808
:
\(
79,873
74,438
647,395
...
assets
807,809
11,611
Cash
'
12,414
4,857,206
receivable
Materials
and
%
......
suppUes-_.._______...._„__-„
States
Prepaid
U. S.
656,119
656,000
.
1938
As
Assets—
Other
and
resulted
respectively.
Deferred
1939
insofar as it pertained to those years, the
regarding the company's personal property
1932 to 1939, inclusive, represented by judgments
years
the
by
17,
for
litigation
the
for
entered
Jan.
656,000
$6.52
$6.02
.
accounts
reflect,
to
Treasury
insur.
taxes,
bills
l
other, prepaid
and
exps.
Treasury tax notes
4,647,867
4,326,106
2,846,697
3,516,337
5,163,568
294,486
266,735
2,808,923
1,000,000
5,500,000
600,000
187,475,091
182,058,719
65,600,000
65,600,000
62,447,000
371,103
63,162,000
223,672
1,404,940
2,035,941
Accrued interest
804,478
812,166
Dividend
656,000
Total
211,057,:
hands
public
share
—
Liabilities—
Net
income
Dividends
Earnings per
♦Exclusive
ties
;
which
$1,717,104
was
t$l,329.261,
1,512,656
790,000
$0.25
$181,952
credited
$2,083 068
1,750.000
$0.39
$0.28
$0.17
share—
of
*$2,727,508
1,700,000
—————
(1940, $296,100)
to
net profit on sale of securi¬
earned surplus.*
tBefore deducting loss on
sale of securities amounting to $16,374
in 1939 and $304,115 in 1938.
Assets—Cash
.securities
accrued
of
Long-term
debt
Deferred
Accounts
payable
of
$3,206:
643,936;
common
earned
be
he'd
so
—V, 157, p. 348.
in
banks
$43,450,561;
and
other
on
hand),
accrued,
stock
in. treasury
(1,501,500
$2,820,084;
investments
allowance
for
withheld
$8 300,000:
oari.
Jan.
taxes
1,
shares),
1939,
oan't.al surnlus,
$2,536,341;
Dr$3,700,891;
* 1
dividends
common
total,
$39.-
stock
$47,011,271.
;
service.—.
current
:.
...
for
for
1
prospective
pensions.
surplus
403,661
4,228,557
69,145
29,984,579
reserves
Capital surplus
—
656,000
392,170
liabilities.—72,100
reserve
Miscellaneous
Total
......
8,858,306
gas
Depreciation
Earned
....
taxes
(Reserve
on
...
—
payable
Miscellaneous
Reserve
$223,680;
($1
surplus since
$425,503;
....
credits
Accrued
$303,451; furniture and fixtures (less
$23,736), $11,673; total, $47,011,271.
Liabilities—Taxes
etc.,
deposits
subsid'ar'es.
income,
depreciation
(demand
Sheet, Dec. 31, 1942
($100 par>___.._.__
Capital stock
(Customers'
General Balance
■
Dec. 31
$39,283,087 $37,340,149 $37,018,793 $35,415,337
549,466,
480,997
506,683
500,351
service revs..
Gas purchased
(;(:■::(:(::(
$4,794,243
■
..
nual
United
1,003
12,487
expenses
$1,697,394
$2,269,728
$2,912,297
1,021
■—%■''
cents
''(%(%.
Investments
2 257
Extraord.
and
issue
Passenger
of
public,—V.
Plant,
for
697',828
Interest
40
Fidelity-Philadelphia Trust Co., trustee, Philadelphia, Pa.,
-
Appeals.
Account
of
holders
Peoples Drug1 Stores, Inc.—February Sales—
1938,
550"i68
in
X
the
—
Taxes
this
on
March
on
Philadelphia
May 1, 1956,
the
♦Accounts
President,
be
entitled
bonds—_
General
to
were
RR.
Corp.
Pennsylvania RR.
Therefore, in
the amount of any judgment, if and when
from
$1,649,721
rents
Interest: from
!•
part as follows:
the terms of the options, in the event that they are
exercised, Mr. Rockola will at that time also make an offer
occurred
transactions
:i942
Ground
Total
"By
of
...Dividends
Corp.—Offer
blocks of stock of this corporation (including
and certain other officers and directors)
have given options to purchase their shares to David C. Rockola of
the Rockola Manufacturing Co. of Chicago,. 111.
The option price is
$17 per share for preference stock and $1.25 per share for common
stock and such holders have agreed to pay a finder's fee to Joseph
McManus, a director of the Peerless corporation, in the amount of
2% of the purchase price.
Such options by their terms are to expire
April 1. 1943.
(...'"
' '
Mr.
Chambers, in a letter to the stockholders on March 5, stated
D.
the
to
Shares of
Pennroad
distributions.
Income
Certain holders of large
L.
The
attorneys for the Pennsylvania RR. and the attorneys for the
plaintiffs both have notified, counsel of their intention to appeal to
;
Shortly—
of
by The Pennroad Corp., will have no different quality than
other funds of the corporation, and if and when distributed will
to such persons as are shareholders at the time of any dis¬
or
regular
22
respectively.
made
The
is
Vending Machine
criticized
of the stock
or
of The Pennsylvania
shareholders
were
recovery
any
mediately in the management of our company,
(Hartford "Courier,")—V.
the
as
to
not liable
was
::%v' ::■■,
Pursuant to this opinion, judgment was entered against
sylvania RR. on Jan. 29, 1943, for $22,104,516.
%
:■,:„•■;(■
there
Pennsylvania
paid
tribution
'j-v
a
drastic change im¬
the opportunity offered
by present business conditions to place our company in a strong posi¬
tion, will be lost."' '
:(%:.((;,/. '■
It was stated that proxies are being filed and the ratio thus far
supports the management in ratio of two shares to one.. Approxi¬
mately 50%
of. stock shares outstanding have already been filed.
These figures would indicate that the opposition will not be effective.
"This
persons
opinion of its counsel,
any
per
13' years;
The
received
loss
share during the past 13 years.
"The 10-cent dividend was, in our opinion the result of the activities
of this committee during the past many months;
This 10-cent divi¬
dend does not offset the loss of $9.66 per share in book value during
$9.66
time
in
that
further overruled the contention
such
share
the
believe you will want to join with us
the present management,
in book value to stockholders of
we
the
in
Canton
the
$22,104,516
———
held
22
v.
RR.
the purchases of other railroad stocks
Co.\./"-:'..
to
Court
only
at
to correct conditions in
resulted
feel
the
that
self-appointed
in our
resnect
1,
tv/o
non-cumulative
April
Period End. Feb. 28—
foretold.
Counsel for
the last annual
be
dividend
April
expressed in
1,271,984
—
further
Court
The
stockholders' "protective committee," headed by
Mandley P. Sturdy of Thomaston, Conn., has issued a second letter to
stockholders, appealing for proxies. This letter states:
"The wholehearted cooperation of the Palmer Bros. Co. stockholders
The
of
company.
RR—
Hotal
Oct.
was
directors
Other
;
996.
p.
15,
the
National Freight Co. and National
1,708,490
$1
Federal income taxes....
Pittsburgh & West Virginia Ry. Co.__-___^ii-—$9,140,130
Air Line Ry. Co.—±uv: 4,450,152
&
declared
the
payable
Operation
opinion that chances of recovery
%: ■%'''i"-: ;(
Gverfield-Weigle Case: On Jan. 19, 1943, the Court handed down
its opinion deciding1
that The Pennsylvania RR. was liable to The
Pennroad Corp. for
the following amounts resulting from transac¬
tions in connection with the following respective corporations:
Boston
initial
an
payable
bonds, on which payment is required before a dividend on
stock can
be paid
(this Sinking fund will operate on
1, 1943, and tenders of bonds must be made on or before June
1943; and (3) directed the redemption on May 1, 1943, of the
due
sum¬
was
require the court
common
West
charges:
'
—
—
income
the
he proposed liquidation of
the claims of Pennroad,
cannot
opinion
against it are even more remote.
$2,197,063
1,197,069
stock,
by a payment of 61.27 cents
$200,000
July
:
disallowance
North
these
of
Va.
-..vy,:
proceeding,
assets,
result
This
1941.
it would
mortgage
day permitted by the Court filed a
Reorganization" in the Pittsburgh Terminal Coal
of
&.W.
that
so
1942 :■■■•.«%v.
reorganization
&
and
5,497,639
847,841
operating income
Net
Net
of
report, that the chances of recovery against that company are remote,
25,600
$2,851,044
1,694,683
ment
bonds.
"Plan
declared
also
on
$20,
and
1
The
i
,
amended
was
judgment
the circuit court.
1943, of the full 3% income interest for the year
pany's 3%-6%
consolidated mortgage bonds; (2)
burden of the
bankrupt Pittsburgh
the
$22,104,515
Interest Payment Authorized—To Redeem Bonds—
and related
et al,
each
share
per
a
Seaboard
Net operating revenues
Operating taxes ...
April
the
report,
have
common
directors
par
followed
-
North American Coal Corp.
the
cents
stock,
the plaintiff.
Welsh, Judge
Pennsylvania,
of
defendants
the
of
•
vs.
in
complaint
debtor's
The
1942
.
$7,720,302
21,500
—
50
of the
the P.
7,696,545
6,284,102
operating
the
for
the
Pennsylvania RR. has 30 days after that to file briefs
Attorneys for Pennroad and its stockholders have 20
directors
on
The
but,
all
by
from
the
in
April 1.
to
approved
Corp,
of January
Earnings for Month
%,■(■/""■:
of
violation
no
for
29
Philadelphia Transportation Co.—Initial Common Div.
The
been
As
so-called
566,638,938 523,472,544
Total
been
Jan.
to be heard in July.
Otherwise,
hearing might be deferred until the October term.—V. 157, p. 901.
share
defendants, including
before, actual trial of the issues
court
marily dismissed by the Court,
(d)The trustee, on the last
——-
624>3?2
7,102,845 ;-.
the
filed
was
'
P.
been
109,198,467 101,692,056
•'■.
had
RR.
consisting of 14,000 pages of testimony in
V
1929,
answering
depositions have been taken by the trustee in antici¬
trial of the cause.
(c)
The trustee filed a petition aea'nst Pennroad, P. & W. Va.
and the North American company seeking to modify or rescind the
sale of the No. 8 Mine to Castle Shannon Coal Corp.
which had
106,9^
—
Depreciation and amortization reserves..,—.—
Contributions of telephone plant:
'
.
there
; ,,r
-
against it in favor of Pennroad Corp.
argument.
the
(b I Extensive
12,858,300
9,540,973
1,520,408
8,681,750
8,678,932
249,607
American Tel. & Tel. Co.—.—.
Advances from
that
•'
■;.
Suit—
days from then to file their briefs,
to set
a
special date for the case
the
pur¬
years
in
directors
(;■ %
.-
Pennsylvania
of
appeal
Counsel
of
the P. & W. Va. and others.
The trustee now seeks to have
& W.
Va. declared the principal obligor upon the Terminal
pation
54,568.000
35,200,000
9,016,852
Advance billing for service and customers'depos.. ;
1,594,603
Accounts payable and other current liabilities—
6,443,770
Accrued liabilities not due—i.i——14,419,709
Unamortized premium on funded debt (net)—
239,879
debt
Funded
in
&. Merle-Smith and Stroud & Co., Inc.
annual cost of the proceeds to the applicant
record
Penn¬
was
judgment
case
(a)The
246,125,000 235,843,100
82,000,000 82,000,000
—■—
——..——
....
believed
•
Company's
stock
Common
York
New
a judgment on the pleadings against
heard and was sustained by George A.
entered
was
follows:
241,389
566,638,938.523,472,544
-
—
of
defendant
the
motion
A
District Court
against
Tot,al
State
the
Dick
and
on
behalf of himself
alleged benefit of the corporation;
of
Law
with
praying
was
complaint is
11m 888
A,o".a»ooo
deferred charges
Other
shares of
14
in
•
and
by U. S. District Judge
Overfield-Weigle stockholder suits will not
be heard in U. S. Circuit Court of Appeals here before July, 1943, and
possibly not until October.
The reason for this is that Judge Welsh
has extended to May 9
the time for Pennsylvania RR. to file the
Terminal Coal Corp. is largely attributable to North American Coal
(Corp., The Pittsburgh & West Virginia Railway Co., and their former
officers and directors.
Pennroad is alleged, after its acquisition of a
majority of the stock of the P. & W. Va., to have conspired with
others
and
breached
supposed
fiduciary
relationships
toward
the
Terminal Company.
During 1942, the developments were briefly as
^'or«'nKi
Prenavments
of
suit
that the suit was not truly derivative in character
render
Heiner,
^2,175
^'Sonnrc
.—
to
matters;
.
supplies
and
Material
The
in due time taken by the plaintiff from this decision
the U. S. Circuit Court of Appeals.
In this court
presented by briefs and oral argument, and is now
awaiting its decision and judgment, either of affirmance or reversal of
Judge Welsh's decision and judgment.
Counsel is still of the opinion
that
no
liability can be adjudged against the corporation; and is
hopeful that Its interests may by the action of the atmellate court
be preserved as they are by the action of the court below.
An
597,819
1>858,656
receivable
Accounts
holder
A
derivative
the
itself
Welsh
v-'
it
because
motion
and
264,984
for
of
basis the average
approximately 2.15%
entered
the
advantageous to
deem
may
•
joined
stockholders.
the
the
2,032,007
-
deposits
funds
—
..Notes- receivable-—ii,:—.ti_—i_——Working
-
plaintiff.
325,000
1,654,688
Special
1931.
judgment
..
967,976
166,4^4.j27
325,000
........
—l-II-I--
.
^629,773
179,409,927
647,443
companies———.
funds
Sinking-
of
1941
.:
so-called
Commission
corporation,
This
\
49^42
they
as
dividends in connec¬
of
Delay in Pennroad
it, is in substance and effect distinctly against the best interests
its
joined
357.068,468 331,058,409
plant
Telephone
-
(Company only)
this
stockholders
corporation
to
of
v-V %:
-
Comparative Balance Sheet, Dec, 31
instituted
and also
as
$620,301
$1,029,269
amounts
Litigatiori—Steckler Case:
claimant
law,
;
$894,660
i_—i--*$409,070
♦Deficit.,;''r■ ((;
(■( :V;'
Surplus
Dec.
stock
common
and accrued
100.771
obligation
assume
$6,450,000 equipment-trust
Fidelity-Philadelphia Trust
the
behalf
.will be
.J;;.-•(i-;.'; v ':
fellow
and
the
$18,449,660 $18,584,269 $18,626,551
4,920,000
4,920,000
4,920,000
4,920,000
14,767,500
12,635,000
12,635,000 ;13,086,2o0
(6%)
pfd. stk.
Divs.
such
Service
The
the
'•
outstanding
1941.
stock
common
railroad,; the said stock having been purchased during the
Nedivi?dendsai1-1—-$19,278,430
"V"*.
of
at
to
company
procurement of certain equipment.
:
the commission states in part: %
applicant invited 79- banking firms, insurance companies;
On this
$44,809,158
charge being that the directors named as defendants violated
■1930
,
Cr9,728
share
per
the
savings funds to bid for the purchase of the certificates, the bidders
being required to name the rate of dividends to be borne thereby in
multiples of one-eighth of 1% per annum.
In response thereto bids
were
received
from
five, groups representing
over
30 participants.
The highest bid,
100.771 and accrued dividends, based on a rate of
2(4% per annum was made by Salomon Brothers & Hutzler, acting
.-sv
chasing, and continuing to hold in the corporation's treasury Boston &
Maine stock in excess of 10% of the authorized capital stock of the
Cr9,731
,
(net)—
value
authorized
3
'
Certificates—
RR.—Equipment Trust
trustee, and sold
report
The
Dec.
$6.59, compared with $6.53 at Dec. 31,
acquired
198,700
shares
of
its own
in
stock
Public
1,774,038
1,412,468
reserved—
debt
funded
Net, income
and
his
the
$21,803,326
2,412,9871,631,354
i;i4oi957
;
other
road
and
*n<
^
$32,804,420 $22,626,380 $21,979,355
1,773,460
1,773,460
1,773,460
_
Bond
stock
common
'
March
on
with
The
.
Pending
$11,142,675
10,660,650
income--:
to
—————•
corporation.
9,710,918
income— $13,433,277
oper.
non-oper.
as
tion
$45,036,044
:
all
259.
ICC
Co.,
226,886
applicable
assets
asset
net
prices
6,626,293
18,729,153
,*
1942—
miles,
p.
liability in respect of not exceeding
certificates, series N, to be issued by the
during the year 1942 at a total cost of $672,122.50, or an average of
per share.
It is the intention of directors to continue the
purchase of additional shares in the future at such times, at such
13,308,024
5,8.5,786
433,649
exps,
taxes
The
10,635,620
10,873,848
15,174,136
6,178,868
rents
and
Gen.
■
-„__
expenses—
11,655,751
19,170,887
7,122,658
672.242
expenses
Commercial
31,
1942—
—
31, 1942, was
Corporation
$3.38
13,002,520
Depreciation expense—
Traffic
The
on
$75,510,995 $71,752,342
15,392,105 15,0,3,867
oper.
Current
Dec.
31,
157,
Pennsylvania
'''''1
.
i.vv;;-v.
value
at
assets
Net
$75,751,085 $71,979,642
240,690
227,299
——
oper.
—V.
Pennroad Corporation—Annual Report-
y,y}\ 31,' 1942'
Uncoil,
either
•
Total liabilities Dec.
$62,051,380 $56,552,986
revenues.
of
purchase and if Mr. Rockola does
151, p. 3571.
Total
1940
1939
$52,272,802 $49,931,091
25,473,205
21,262,244 *9,942,215
2,353,994
2,216,639
2,106,335
1941
1942
Calendar Years—
and
—v.
i—653,843,727 600,443,977
Total
Local
V■'
"•
The
annual meeting of stockholders would
ordinarily be held on
April 2, 1943.
Due to the pendency of the above transactions, however,
it is intended that such meeting will be held as soon as the above
purchases are consummated or as soon as it can be determined that
such purchases of shares tendered by stockholders are not to be made.
8,080,053
7,297,940
Unappropriated surplus
17
southerly from Loudonville to Bronkhaven, approx¬
in Ashland, Holmes, and Knox Counties, Ohio.
extending
agreed
175,482,497 161,089,552
14,167
921,300
amortization reserves———
plant.,———
and
Contributions
Surplus
branch,
imately
80%
than
tenders,'more
able for
188,003
liabilities not due_
Accrued
Unamortized
10,186,696
•
Pennsylvania Ohio & Detroit RR.—Abandonment—
The ICC on March 6 Issued a certificate permitting abandonment
by the company and Pennsylvania RR., lessee/ the so-called Walhonding
to- be purchased bv more
the options and pursuant
class of stock shall be avail¬
not elect to purchase more
than 80%, the shares to be sold will be prorated.
"If this offer to purchase stock shall be made, you may be asked
to contribute 2%
of the purchase price paid for your shares toward
a
finder's fee in the same way that the givers ox the options have
to
249'®^
—i—
and customers' dep.
other current liabilities—
billing for service
Accounts payable and
common stock to
he wishes, exceed the
unless
percentage of outstanding preference stock
than 10%.
In the event that pursuant to
14,631,734
2,45y,450
13,438,781
15,037,395
13,892,430
2,586,6b8
Notes-sold to trustee of pension fund————
purchased by Mr. Rockola shall not,
be
246,125,000 235,843,100
82,000,000
82,000,000
54,568,000 54,568,000
35,200,000
12,858,300
-
:
,.
.
debt
funded
-
—.
...
stock
Monday, March 22, 1943
the percentage of outstanding
except that
tendered,
Liabilities—■
Common
Toll
CHRONICLE
THE COMMERCIAL & FINANCIAL
1088
—1,060,376
loss
3,151,155
(
1,500,000
27,836,863
'
1,008,151
4,512,954
1,800,000
53,562
53,562
11,119,321
9,656,047
Ll_....—is...;—187,475,091 182,058,719
.((;
i
Volume
*
After
bonds
Ogden Gas Co.,
to .refund.
'
;■/' /
*
Other
service
gas
Gross
•
profit
by
cps.)
1939,
550,057
Total
Gas
operating
purchased
Gas
produced
—:
__
Depreciation
Federal
2,951,701
2,161,161
taxes—
3,020,656
'3,539,650
1,930,247
4,031,370
taxes—
profits
373,273
>
"
'
3,590,841
1,059,556
"
■
taxes
income
Excess
retired
556,259
334,773
3,004,736
'
-v—*
State, local and miscell.
Federal
512,278
365,169
$44,881,517 $42,746,828 $41,768,948 $40,035,394
14,121,398
16,293,539
15,978,986
15,668,625
663,861
570,780
1,164,869 .1,491,982
9,018,176
8,791,441
10,040,152
9,575,090
1,311,537
1,317,658
1,315,316
1,339,907
revs.
Operation
Maintenance
481,589
refund
4,417,703
,,
64 /,uo5
-
for
1942
Operating
other
Gross
Int.
income
income
fore
int.* to
&
2,690,769
debW-'
of
Amort,
disct,
debt
;•>
"
and
expense
i
•
Exp. In connection with
"
subsid.'companies-*' ' ' 209,277
deduct.' v^
, 59,716
of
''-:;A'7l,&14
&
Government
i'
income
Net
——$4,002,602
stk; in hands
would
the
Capital
stock
26.008.5J9
11,279,392
1,095,579
100,000
tral,
6,000,000
16,623,359
2,032,129
13,412,400
23,046,047
public
Per
;
share
earnings—-J'
Notes-^-The
'
been
'656,000
$6.10- y' ... ..$6.53
^Receipts
■'t' >-• yy
656,000
•
income-accounts
:
for
ahd
1939
.
,
656,000
:
$4.63
from
Liability
•"
shown
1938
656,119
: $4.13
*
r
for
treatment
returnable
reflect,
to
tolls,
reels
1,144,221
etc.
of
-'The
accounts
all
the
Kokomo
of
consolidated
securities
that
of
Consolidated Balance
-y,":
'
■;
•
Gas
Fuel
&
accounts
income
' ':iyy-
been
shown
■'-v'r.'y'.
t
Excess
Other
Cash
assets
tAccounts
5,539,922
receivable
Materials
4,678,696
Operating
% 2,984,939
——-i--
■
States Treasury bills-—1_———3,516,337
Treasury notes (at costC—
5,500,000
Prepaid taxes, insurance, etc
.———_i.il—
304,370
United
and
Amortization of
Total
———
—
Liabilities—
————
'
'
Deferred
65,600,000
.
Dividends
taxes
Miscellaneous
Depreciation
for
Reserve
72,100
69,145
——1,255,324
30,782,027
1,215,659
1,500,000
——————-—vi.*-53,562
._i—
11,797,835
1,800,000
53,562
10,283,742
192,727,210
surplus
surplus
tCredit
——
—„—
for $500,000.
reserve
644.
p.
690
690
acquis,
adjusts.
2,367
income
»
the
Net
income
Dividends
—
—
$17,111,158 $14,796,957
Dr646,428
Dr336,872
6,935,052
'.... 1
'
'
*
'
•
''
'
'
——w $9,545,492
capital
'y'y-^y
stocks
of
subsidiary
a
;V
yy..};
y—\y'y:
$7,525,033
:';v
Light
Sentence"
Action
With
Total
Divs.
Company's, Voluntary Plan Of
Securities
and
sentence"
The
proceedings
"death
Exchange
Commission
against
the
March
on
2.9%.
mon
'
■
Property
its
Int.
proposed that the three classes of stock be exchanged for a
new single class of stock
through reclassification of the capital stock
of Peoples, organization of a successor company or merger of Peoples
the
into
West
and
class B
common
the
Under
Co.
Power
Coast
shares of new stock
receive 3'/a
'
filed
plan
$108,000
retire
face
preferred
1942
will
of
amount
of
its
the
mortgage
first
to Peoples
proceeds of
such
the
bonds,
and
will
the
(net)—__
which
opinion
as
to
one
instance
Dec.
stock
of
31
500
Consolidated
Income
Account
for,-Calendar
!'r
I......
Sales of metals,
*'■)'?*■
.
Years
of
the
subsidiary
Federal
$5,744,021
profits
of
tax
(Kentucky
excess
is provided
1942,
inc.
1941
for
profits
after
,
the
\i\
manufactured prod-
Gross Revenues
-
years
Virginia
West
tax
the
the
the
for
application
12
of
Co.—Secondary Offering—Kid¬
of
4.40%
a
secondary dis¬
cumulative
preferred
share.—V. J57, p. 997.
per
thereof
93,020,481
—-
profit39,359,263
dividends rewived_.i^ V;.' 222,599
tMiscellaneous earnings;—
424,064
Gross
and
Oper. (incl. maintenance)
Taxes
—.—7:———7/
3^%
& expense, & prem. paid
depreciation, obsolescence,
amort, of plant and equip,u
^Discount
Prov.
40,005,927
1 538,129
111,585
debentures
-
tax)
228,845
Net
186,671
Interest
-
*
v:
1942
$2,762,383
779,229
1941
1940
$2,514,777
$2,717,070
827,971
C-J
$2,446,391
691,798
685,119
,
——84,173
387,132
;
earnings
89,073
128,109
129,145
$1,850,240
$i,848,768
$1,694,869
$1,632,126
547,887 !
550,357
676,000
.,676,000
30,797,738
:
594,586
103,625
and
ductions
21,083.e81
73,831
102,771
10,955
11,882
4,392,781
—_
charges
other
—
650,441
,
Net
106,147
tax——
——
of
'■
184,087
27,000
161,151
income
taxes
and
State
^"18,000,OOOttll.OOO,000 tt3,775,829
til,500,000
§§500,000
—-,
reserve
available
dividends
./
income
(estimated),
taxes
Special
Balance
—V.
157,
p.
to
255,475
249,073
;> 243,066
Previous
Total
surplus:
for
depletion of mines—
Cash distributions
to stockholders
declared and paid during Year—_ :
-
.-.
36,514,972
36,550,660
51,580,054
—i
:
Provision
37^528,485
—"
50,721,718
49,154.639
of
4,674,107
5,586,343
Earnings
per
common
shares^y
share—
against/the
the
Lever
which
in
action
tho
of
White Swart
product
1943—12 Mos.—1942
$2,213,644 $25,885,948 $23,809,80*
853,239
10,182,350
9,293,047
112,322
1,167,293
1,291,081
951,177
230,852
218,815
2,663,612
206,163
2,067,729
112,500
1,33 1,388
2,459,290
v
2,240,033
and
•
1,221,055
,
profits
and
surtax
17
•
.
<
•
:
15,200
159.800
537 J n
201,900
2,436,600
201,900
$524,429
$493,505
$5,897,176
$6,571,246
6,132
Drl2,365
32,157
Drl65,80*
$530,562
$481,140
254,572
275,919
$5,929,333
3,154,020
$6,405,441
3,350,370
$275,989
$205,222
$2,775,314
:$3,055,07l
tax.
317~500
income
profits
—
income
other
—
deducts.
income
•;
It is reported that banking groups are
being formed to bid on the new
contemplated by the company designed to refund an outstand¬
ing issue of $38,000,000 first 4s, due 1969.
One group, it is said, will
headed
that
by
originally
Halsey, Stuart & Co., Inc., who headed the syndicate
marketed the 4s in Dec., 1939.—V. 157, p. 170.
Public
Service Co. of New Hampshire—Amends Pro¬
posed Financing Plan—
In
the
amendment
an
of
amount
the
filed
;
with
proposed
the
SEC
issue
new
March
of
first
4
the
company
mortgage
bonds
fixes
which
it proposes to issue at $20,500,000 in place of
$22,000,000 as originally
Company also1 revises its financial program so as to provide
only for the Issue and sale of the first mortgage bonds.
The original
filed.
plan
provided
also
for
the
issue
and
sale
of
$2,500,000
of
unsecured
notes and the sale of 3,284 shares of its common stock to New
England
Public Service ;Co., parent Company, at a price of $60 per share.
The
unsecured notes were to be sold privately.
Proceeds from the sale of
the
first
mortgage bonds which
are to be sold at competitive bidding
to redeem and retire company's presently outstanding
aggregate face amount of $18,929,000, pay its bank loans
aggregating $1,000,000 and provide funds for working capital.
\
will
be
applied
bonds in
the
amendment filed
an
1,
1943,
Public
March
Service
State Gas & Electric Co.
1943, the company states that ©A
11,
entered
into
a
contract
with
the
Twin
to
acquire that company's properties, business
and franchises in New Hampshire and Maine,
Subject* to approval
of regulatory authorities having jurisdiction and to the terms and
conditions of such contract, the company now contemplates financing
such acquisition through the issuance of $1,000,000 of additional tfdrsfc
mortgage bonds, series A 314,% due 1973, and $3,000,000 of unsecured
the
serially
maturing
date
of
issue..
related securities
a
separate
privately to
in
amounts
of
is
It
expected
that
$150,000
petition
said
company
semi-annually fronj
acquisition and (be
July of this ye&r.
securities would be abki
such
will be consummated
issues
these
before
limited number of financial institutions,.,
a
12 Months Ended Jan. 31
12 Mos. Ended Jan 31—
'1943
'
$,281,819
$782,881
$913,166
$597,689
820.
>.
$7,744,656
4,900,283
$2,844,516
$2,844,374
$607,562
fif'v;V'V'
income.——
operating
'•
The New York Stock Exchange has authorized the
listing of $6,000,000
debentures/due March
1942
5,437,302
_* _-—_
V
5,032,777
1,
1963.—V.
157, p.
997;
V
Gross
Total
Income
■'
'
*
——
deductions
Federal
income
Federal
excess
tax
——
'
.
———
and
tax—
Drl4;839
$2,838,263
$2,829,535
818,213
—
(normal
profits
Dr6,254
'.''i-'."
surtax).
518,720
,
833,849
554,480
186,000
—
,
8,114,016
—-L——-L.V-IL-1"---/' MV79l,«31
Outstanding
Baltimore, Md.,
soap
by this
held by Lever
'
bonds
Net
7,606,890
7,606,890
Pittston Co.—New Director
William
,-J Surplus
Lever
introduction
the Lever
'\.r" :
130,888
excess
Philip Morris & Co., Ltd., Inc.—Listing—
20-year 3%
for
1943—Month—1942
Non-operating income, net—
>
12,603.980
at
deciding
costs
simultaneous
$2,438,465
•
Expenses
—-—
14,206.746
as
IVi
V,';1
of Indiana, Inc.-Earnings—
.
Earnings,
-
Unconsolidated net income———; ..14,051,569
15,
Ivory"
patents
on
in
Court
pay
for
—
similar
were
93,615
261,554
3,947,484
profits and
Court
"new
a
-
Prov.. for Federal excess
common
A
misc.
Retirement exps. (or de¬
income
the
15.
Financing Rumors—
In
de¬
——
Federal
preciation)
5,804,644
1943
-Earnings—
20,668,365
248,585
per
receive
612.
p.
Dividend—
on
198,612
operating
and
notes
30,162,021
<v
for
and
■
Co.~
(not incl. Federal
Amort,
income
Total
^Interest on conv.
_L——
79.959,389
74,494,651
income
Interest
Suburban Water
59,291,025
ucts, coal & merchandise; etc.—_ 132,379,744 104,656,672
"Cost
will
156,
Verdictin
Federal
a
85,007
and
(normal
and
Gross
companies
for
''
March 10 made
on
shares
; 12 Mos. End. Jan. 31—
$
$1.12Va
stock
;v,
infringement
taxes
Excess
In
1940
/'$
to
will
taxes—
10,751
$3,165,179
157, p. 478.
(par $100) at 116%
Philadelphia
of
the
,
.
?
officers
excess
it
depreciation-
local
March
;
reduce
Charges in lieu of Fed.
be
.
—
directed
_*
inc.
years
Phelps Dodge Corp. (& Subs.)—Annual Report—
K:.v-'V/ry".'v"';'r i';■* 77/.1942y, ■
-
for
period
the
is
post-war credit.—V.
tribution
,
.
of
excess
159,482
Philadelphia Electric
Peoples
-
■
of
der, Peabody & Co.
and West Coast are previously merged.
Peoples also
•will
invest $1,000,000 cash in additional
shares of capital stock of
Texas Public Service Co., a subsidiary.—V. 157, p. 477.
r
tit
except
in
ended
269,340
63,313
settlement
in
liability for Federal
no
years
Ogdens¬
increase
stockholders
$45."—V.
V'y
introduction
Service Co
surtax)
600,000
to
partial liquidating dividend,
as a
Co.)
months
sales
is
1941
or
Gas
Peoples, West Coast Power will sell its
public utility districts for $885,000
by
electric properties in Oregon to:two
cash.
West Coast will use part
unless
present
share for each share.
new
a
in
distribute $754,000 in cash
of
Holders
there
recent
Any
further
the
equivalent
of
1,473,420
v
791
subsidiary
end
in
$8,100,060
2,517,265
charges to surplus
surplus,
litigation,
revenues.;
for
Fed.
:>
_
263,340
Inclusive—
1937,
Maine
2,135,121
790
tax
the
recommending;
last.
Payments last year
15, 2 cents each; and Oct.
Maine corporation.'
W/ Calvin Chestnut,
a
Other income
retirements.—14,467
for
would
Co.—Gets
Federal taxes
:;
'y
2,854,856
—.
inc.
of
and
taxes
shares
40
Co.
adopted
4,219
1,473,420
600,000
stock—
a
of
Jan.
Maintenance
-y.yy.'■:.y.y:y-.-\..
-
—
preference
"Preliminary,
that
for each share, and holders of class A
1/10 of
receive
Fed,
to
Earned
is
It
stock—
stock—
by
offer
Central
Income
aro
RR.
the Portland and
on
income
holder
$5,964,939
17,446
non-cumulative——
retired
Miscellaneous
'/■" '
■
Philadelphia Co.—■
stock
provisions
on
1934
of
preference
5%
Common
the
Income
40%
O and
Central
Ogdensburg Ry.,
that
Maine
annual
constitute
Operation
1,555,875
$11,116,377
preferred
cumulative
Preferred
and
plan
stocks
cumulative
$5
subsidiary
consolidated these proceedings with those respecting a
of reorganization filed by the company several weeks
ago.
Hearing has been set for April 1.
■
'■■y.y
Peoples Light proposes to simplify the corporate structure of its
holding company system and
to redistribute voting rights so that
the interests of Peoples' three classes of stockholders will be as follows;
Cumulative preferred 95%, class A common 2.1%
and class B com¬
companies
voluntary
capital
cumulative
$6
instituted
its
and
company
9
—4———-
on
67c
Reorganization—
of
not
Judge
•
.
.
Co.—SEC Combines-"Death
Power
&
of
the
annual
op
that' the
firm,
Public
Net
§ After reserve of $1,450,000.
&
being $1.20 per share.
rate
Gamble
years
Normal
1,531,875
•
—79,865
—
Consolidated net income for the
period—$7,933,752
Earned surplus, beginning of period——
>
3,165,179
Other additions to surplus—misc. (net)
■ <
•
&
property in
exchange for
to
P
Central.
stockholders
corporate
1942
Period End. Jan. 31—
1
subsidiaries
held by the public—
_y———
Minority interest in undistributed income of
of
the
to
charged
the
almost
"new Ivory" infringed on patents
soap.—V. 157, pp. 644, 557.
$14,460,085
——
on
Maine
Portland
concern
Int.
Peoples
two
Brothers
681,300
6,919,237
1'
the
judgment
the
an
made
&
decided
Federal
«
190,000
—729,500
——_—$16,464,736
-
upon
3,308,213
4,553,950
deplet. res
■—
plant
Minority interests in income:
tAfter reserve for uncollectible accounts.
held subject to refund.
deposits,
157,
—
————
„—
"After
6,825,981
and
deductions
1
shore
offers
l'/a cents per share has been declared
April 15 to holders of record March
was
company, did
Brothers Co.,
•
187,122,131
pensions
Capital
7,342,761
2,714
utility
4,503,754
-
————_—33,128,536
reserves
Earned
Total
liabilities.-—_—
current
3,521,303
income
Income
403,661
9,113,660
———
reserve
Miscellaneous
"-V.
392,170
———
—
of
payable
State,
Gross
1
Accrued
dividend
Prov.
855,616
the
stable
words,
yielding
•
Procter
:
18,942,612
Net operating revenue—!
Other income ————
232,858
of
other
bond
Operating
656,000
—-i—-i——
————
payable
(Customers
gas
service—
excess
In
After
taxes)
3,297,380
taxes by utility
subs—4,047,450
profits tax by a sub,—
379,800
income
Fed.
other
taxes
.
certain
more
has
2,290,106
656,000
payable
interest
Accrued
Fed.
for
the
and
property of the
Interest by the Maine
and
of
estate
Central
the
treasury of
Federal
in
real
Maine
all
15,
follows: Jan. 15, April 15 and July
cents.—V. 156, p. 2138.
$52,823,374
Provision for State income tax__
68,376,000
1,625,598
836,678
+—-——
credits
Accounts
than
for
the
directors
increase
distribution
'?-•
1941
,
65,600,000
66,311,000
384,746'
-
debt
187,122,131
192,727,210
i
tProv.
In
the
on
Premier Gold Mining Co., Ltd.—l^-Cent
,
Capital stock (par $100)
Long-term
Taxes
276,340
of
of
present
stock*
:
• "
r '
3,357,021
—
leaseholds—
Amortization
ac¬
stock¬
■
20,335,589
Appropriation for retirement
1,100,000
600,000'
S.
'
$56,604,062
:
—
repairs—.;
(Prov.
U.
that
Brothers Suit—
"1942
———————
expenses
Maintenance
5,642,793
supplies.*.-:—_<y. 3,002,945
and
Operating revenues
12,414
5,483,742
l"
-
recites
Ogdensburg
500,000
Subs.)—Earnings—
.
lien
to principal
held
now
$1,000
Pittsburgh Rys. Co. and subs, and other street
Years Ended Dec. 31—
811,886
;
i
—11,611
•
——
1
'
railway subs, of Philadelphia Co.)
_
includes
which
first
tax
I
(&
also
and
bonds
a
Federal
37,528,485
/;
.
are
534,097
in 1942 and
income.—V. 156,
to
a
expressing the
is
highly favorable
early acceptance.
share.
1942 and $129,027,730
■
(Not including
"74,663
650,208
L
_-_i
—
597,723
3.500,000
credits
1869.
p.
Philadelphia Co.
-
80,080
deferred
from
Vt.
board
the
A
JIncluding
March
Ogdensburg Railway, leased to the Maine Cen¬
Portland, through Maine and New Hampshire to
in
a
J.
offer
and
increase in Federal
of the dividends
be
695,761
219,510,321 207,187,237
1941,
of
rate
held
dividends.
1,213,672
.
38,791,931
in
the
at
Ogdensburg Railway.
Not the least
exchange is that stockholders will
fixed maturity little more than 10 years
dividend
in
■
10,573,124
226,808
profits tax post-war refund——.—.—
Special deposits
Deferred charges
■
are
"The
of'$48,491,386
$
$
696,914
contingencies—
$45,786,388
been sold on May 9, 1940.
(Including Subsidiary Companies)
—_^—.—--.L*_--y.-,y§9,041,047
for
O
and
"By accepting the offer of
1,780,241
Portland
has resulted in reduction
discontinued
-A-^
1931)
Plant, property and equipment------——160,131,366 159,506,050
-•Investments
plan
—
—r_—
(under
"Less allowance for depletion of
$133,701,836 in
in 1941.
(Less allowance for depreciation
above? i
1941
division—
insurance
Total
from
omitted
periods
yr:Atyy:yy,-,yy.y: 1942
'v;;virV;
Assets—'
of- the
in
Reserve
having
company
Sheet, Dec. 31
;<• yyy'
have
Co;
all
for
pensions
Central's
in
burg stock,
cus-
Surplus
'
the
fire
&
proposed
Central
1,409,087
hands
the
resolution
a
13,720,369
unearned,
in
fabricating
for
for
<
insofar
•
the
of
Reserve
as-it pertained to those years, * the
1 disposition
of litigation regarding i the company's personal property taxes for the years 1932 to' 1939, inclusive, represented by judgments
entered by the Circuit Court- of Cook County in respect thereto on
Jan. 17, 1941.
As applied to the net income for the years 1939 and
1938, this resulted-in upward adjustments 'of $423,711 and $294,954,
respectively.*:V-•' ''•;*? '•
*••,v" v.'.•'■:'■W't"t{adjusted
tomers
Reserve
have
above
•
P
and
The
stock
and
'
of
Maine
of any future
event
Portland
of
Portland
guaranteed as
9,472,366
—————_
accrued
the
the
extends
the
15,331,900
9,759,344
the
"result
security having
a
Portland.
126,781,500 126,781,500
!
will
of
Lunenberg,
their
expenses
,
that
plan
benefits
The
——
4,009,931
par)_-__^y'--2—
debentures
the
stock.
away."
256,400
780,000
11,010,800
payable and miscell. accrued
said
the
result In
the
acquire
;■'/■'//•'• • /"1
($25
Convertible 3% %
proposal
Ogdensburg first
by the Main»
&
guaranteed
meeting of the P & O directors
Cox
income
of
219,510,321 207,187,237
Accounts
of
of
Offers
a
only receiving a more fully protected security but
they
will receive protection against further inroads on their
dividends which
1,158,565
27.378.149
'
$2,707,672
$3,035,606
$4,283,697
'
;v Jy-
$
res.12,016,867
2,206,697
/,'"■■■
stock
offered
Ecjward W. Cox made public the offer of the Maino
to exchange bonds for stock and said that
it Is conditioned
acceptance of the plan by at least 85% of the stock outstand¬
ing and that such stock must be deposited in escrow at the First
National Bank of Portland on or before
May 1, 1943.
.
84,140.365 '
etc.
Total
Liabilities—
Portland
1953,
shares
Central
were
President
The
a
40
a
1,
11
the
on
50,741,993
1,038,595
other assets——————
exchange
Nov.
capital
each
of
March
on
.
(less
Treasury tax notes
for
to
due
outstanding
bond
President
1,047,311
"
RR.
bonds,
conclusion
ceptance of
holders not
53,180,220
securities---—.*----—-i-.L /
Deferred charges and
11,
the
company
Central
4'/a%
for
this
Central
1)41
20,741,041
S.
S.
Taxes
Shares of
At
of
Maine
$1,000
one
6,812,340
(not consolidated)—
the
Central
/
„
$
\
receivable—trade
notes
U.
197,501
-
of
mortgage
for
1,154,084
U,
yryyy-;
209,277
■
79,095
...
1940
6,642,312
investments
Accts.
" 206,556
209,277
209,277
1
79,442,908
237,893
179,197
■'
intangibles
Miscell.Nincome
'
;■
,.
Supplies, merchandise, advances,
*
';V2.'50,096
■
Stockholders
31
Dec.
Miscellaneous accounts receivable—Miscellaneous marketable securities
$6,908,884
3,349,985
'y::yr:-y-y
'-27,847
of'
Sheet,
"Mining properties and claims, etc.
open-pit mine develop, (less amort.)
(Buildings, machinery and equip, at mines, etc.
$4,855,450
2,053,434
120,013
in
.
Balance
Morenci
112,912
charges- '
interest
Amortiz.
$810,000
Cash
,•
issuance5 of bonds
Other
and
depletion,
Investments in subsidiaries
92,491
/. * *'v'
70,002
1941
—
$6,833,846
3,210,658
Portland &
Ogdensburg Ry.—Main
Exchange to Stockholders—
in¬
1940.
expense
$6,800,000 In
profits taxes.
Assets—'
'/
:'y>f"
174,155
and
in
/V1942
3,634,237 ;
435,462
,
maiur-
ity bonds
r <■
■
ttlncludes
tax.
Consolidated
3,034,640
$5,598,571
1,235,275
$7,883,071
2,992,682
$7,164,366
income
long-term
on
Prem.
1941, and $131,436
Federal excess
tfFor contingencies (including
provisions for possible adjustment due to post-war losses and renegotia¬
tion of war contracts.
§§For post-war losses and adjustments.
tlliBe-
;
$6,704,756
1,178,315
$6,151,576
1,012,790
—
--
discount
of
estimated
.
Other
,
development, maintenance, repairs,
and general expenses.
tAfter deducting
$97,200 in
of $24,311 in 1942,
in 1941, and $29,386 in 1940.
§On convertible 3Va.% debentures
through sinking fund.
""Includes excess profits tax of $13,after deducting 10 % credit consisting of $1,139,320 post-war
and $310,680 credit for debt retirement applied against liability
$26,862
356,652
revs.
subsid.
1089
expense,
selling
amortization
050,000
sales
from
non-utility
cluding
$43,974,807 $41,900,070 $40,921,897 $39,105,861
_
operating
administrative,
charges of $8,158 in 1942,
1940
1941
1942
revenues
«"Including
taxes,
•
,
Consolidated Income Account Years Ended Dec. 31 (Incl. subs,
Operating
of
guarantee
to
subsidiary. -(Credit deposits held subject
a
*
IDue
Accounts.
uncollectible
for'
reserve
61
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
157
37,528,485
36,514,972
5,071.260
5,071.260
5,071,260
$2.77
$2.80
$2.49^
G.
of Subsidiaries—
Rabe, Vice-President of Manufacturers Trust Co. of
York,
has been elected
a
director
of
John
J.
Casale, Inc.,
Pattison & Bowns, Inc., and Sheridan &
Wyoming Coal Co.. Inc.-rV. 157, p. 349.
Net
income
-
$1,315,329
—
$1,441,206
669,797
669,797
$645,532
Preferred dividend requirements
$771,409
New
Balance
-V.
157,
.
p.
45.
;
THE COMMERCIAL & FINANCIAL CHRONICLE
1090
of New Jersey—Annual Report—*
Public Service Corp*
in part to the employment
Industries in Public Service
restrictions
to
buses and
use
V
and
electricity
for
1,974,192
of, construction™,—™——_.
The
—
—
by 5,503,193
tRepresented
Consolidated
of
gross
no
maint.,
Exp.,
,
.
.
/>-.
•
8,260,354
1,334,683
expenses—
$
•1 '
7,419,194
1
82,730.112
13,031,525.
5,150,729
Total
19,217,933
Total
1,718,513
1,651,515
2,707,505
2,855,286
30,964,850
33,921,095
other deduct. % 1,162,794
1,133,620
14,996,391
13,732,568 ,/
1,544,711
1,721,666
15,968,459
20,188,527
—
„™_™„
Income &
Balance
———
to reflect new classification of accounts
^Restated
Service
1943.
income
Corp. of New Jersey, Jan. 1,
Note—In February 1943, Federal
,
in
accrued
were
the
with
accordance
Int.
income
arid
adopted by Public
profits
excess
of.
Act
1942,
1942
•'
net
•
■
'■■■.$:•.
1941
.
1939
1940
-
%-■.
$
■
$
1943;
■
Operating
Operating
Deprec.
32,992,183
36,069,700
208,300
39,214,741
19,215
37,809,782
58,905
Drl5,466
(net)—
33.051,088
36,278,000
37,794,317
assumed
Net
Operating
8,267,113
8,077,668
7,899,832
3,918,342
2,928,804
1,243,244
„——
1,288,587
and
on
misc.
7%.
expenses
$5
1.113
1.113.
1.113
1,500,000
1,500,000
%
3,187,199
-
3,531,096 ; 7,2,991,432
/-
15
-
•
—'
companies,,—
18
2,791
'■
'■
15
;.
15
income
'■
CaSh
$4,207,188
—.
„
.
24,835
$2,894,444
3,819,568
$2,139,255
2.871,505.
2,259,390
>
1;
$22,939
$387,620
comparative purposes.
f $120,135
19.334,505
23,767,607
26,993,936
23,491,955
Service
Corp.
New, Jersey—
including
capital,
intangibles™^—-—
Dec. 31
.
.
,
w—™
and fund accounts
——.
1,910
Receivables from associated
and
:
%■
56,391
.
169,454
*87,941
*67,287
3,910
59,585
54.885
(less
160,000
6,410,000
372.850
282,788
/
16,023
companies-^—
dividends receivable.:—;——.—
receivable
Rents
19,420,898
Expenses
Deprec; and retir. exps
23,937,051
461,291
454,667
———
27,081.927
483.233
4,647
;
2,292
reserve)
18,786
%;■
■
94
4,315
,
1,200
1,200
1,310,833
Interest
1,109,003
1,091,737
1,091,737
1,091,736
5,289
6,500
14,673
Accounts receivable
Receivables
from
and
(less
t
1,000,000
dividends
income
—16,547,479
21,062,333
23,188,425
25,722,729
pref; stocks of
on
8%'
cum;
7%-
cum.
$5
cum;
Divs.
P.
stock
pref, stock
pref. stock
pref. stock—
on
S.
stock
com.
carried
stk.
2,023,560
3,523.872
3,523,872
3,523,872
2,587,560
10,731,226
13,207,663
/
^'-t;;1-; /%'''/■.%'
129,825
■
189,307,850 176 ,490,10»
Dividends declared
(less
profits taxes accrued
Assets-
on
•
7%
stock
aid
Utility plant _™™™™i:_™™™_™«™__™
Other physical property-™
Sinking
——
—
——
excess
profits tax™—
Special deposits
Working funds
Temporary cash investments—
Rents
dividends
and
Unamortized
Deferred
debt
liability for conversion.—$6 non-cumula¬
preferred no par stock™™™™™^™:™™™™™™™^/
UrJ-~—-
—™—,
156,
p.
;
—
1,575
,1.575
-.141,981,341
148,258,739
the office of Engineer's public Service Co.. Inc.; 5th Floor, 90 Broad
St., New York, N. Yv before 12 o'clock noon, EWT, on March -29, :
of construction
(17,885,290
110
discount
and
expense-
capital stock tax
debits
Total
refinancing program and a: voluntary proposal for compliance
"death sentence" clause of the Public Utility .Holding Com*
Act, filed by the Company, were approved March 16 by ■ the
Securities and Exchange Commission.
1
•
• "
»> ■
■:
Company will issue and sell competitively $52,000,000 of first- mort¬
gage
bonds due
notes
sory
treasury
on
Dec.
1,
and, privately-$6,500,000-of
1943 to 1948,
due serially from
from
funds,
the
to
sale
of
redeem
at 101 v2 on June
promis¬
1972,
the
notes
and
$36,039,500 of
bonds
Seines
1, $8,850,000 of Series;
will
be
5%%
A,
Cf 5 %-
bonds,
with
due
bonds, due; 1950,
tion
43,941
security holders of Puget Sound Power and Light, involving its re¬
capitalization, with a reservation of jurisdiction to reconsider the plan
in the light of "the results of competitive bidding on the first mort¬
356,721
331,671
582
16,844
741,962,221 720,424,886
1 ,391,032
1,281,447
,392,70$
1.693,606
1
3.788,445
2 .833,994
1,880,486
1 ,810,833
196,205,800 196 ,205,800
19.998,200
19 ,997,900
30,220,000
30 .220,000
12 ,284.307
578,803,051
157, p.
553.352,568
101% on May 6, and- $13,995,000 of Series D, 4%%
101 on June 2.
At the same time the
gage
11
(E)
of
the
act
Commission
for
approved
the redistribution
a
Puget Sound Pulp
1942
; \
,
,
1941
153,546
1940
143.038
433
151,149
398
146,023
3,026,707
3,556,842
507,53?
431,479
Operating profit after deprec.—.
$2,519,175
Non-recurring prof, and write-offs-
128,13$
368
$8,379,128
$3,125,363
sales and
:
,
other revenue—™—-
profit
Depreciation
i™.
.
—
Profit
before
\
126.938
$6,022,583
2,054,412
221,164
.
$1,833,248
*200,384
D>'2,354
Dr372,695
$2,719,559
$3,123,109
$1,460,553
.
,.
for Fed, taxes
Federal taxeS™™.™—^
prov.
tProvision -for
:
Timber Co.—Annual Report—
tons
$8,932,517
Net
.
profit
1,840,000
2,046,931
$879 559
-
™..'
$1,076,178
$3,08
Earnings
of
$2,48
per share.™.—
-*Includes $176,206 realized
72.35%
of taxable income in
156, p.
665,000
and
of
other
tAt
$2.40
the
rate
of
Expenses
of
in 1940.—*
7,1 %
/
Car and
1
Auxiliary Operations)
1942—Month—1941
1942—12 Mos,—1941
car operas.—
i
Total. revenues '
All
Insurance,
1942,-65.5% in 1941, and -45.5 %
Co.—-Earnings—
Period End, Dec. 31—-
Sleeping
life
$795,553
;
(Revenues
/
from
.
1779.
Pullman
$9,338,409
>
car
$6,385,116
$95,874 578 $64 548.123
2,252,493
28,470,594 1 28.838.519
2,632,967
cars—'—_™
289,135
71,036
3,479,431
-3,428,546
2,966,486
366,007
335,932
36,169,025
4,412,075
maintenance-
Conducting
.
opers.™
General expenses
'683,267
*
25,149,345
•
-
3,890.113
bonds, due 1950,Net. revenues
voting
power
among
$2,621,754"
™___—_
Auxiliary Operations—
plan filed under Sec¬
'
*
$759,169 $23,343,454
$ 5,986,878
.
Total
revenues—346,221
251,213
3,807,175
Total
expenses
256,657
196,123
2,695,328
1,932,678
$89,564
$55,090
$1,111,847
'•$519,8.84
Net
revenue
•
1
2,452,562
bonds to be issued.
Taking into account the possibility that the plan
not
2,100
171.
Calendar Years—
Maint.
used,
41,610
9,774,227
•
pany
46,164
—
2 .524,660
1,800
14,880,893
___
Total
—V.
Puget Sound Financing Plan Approved by SEC—
at
497,094
10,222.262
shares)™i™_
par
stock
Earned surplus
The
at
714,038
"*
with the
204,745
—
'
■
preferred stock ($100 part
pref. stock <300,700 shares no part
Stock liability for conversion—7cumul. pref.
V.
1949,
9,809,094
83 .455,226
-
,
1,908,819
.
5,773
89,566,615
,
cumulative
(net)
public Invitation for bids for the purchase of-$52,000,000 of first
mortgage bonds, due Dec. 1, 1972 will be received by. the company at
244,460
10,045,703
848.843
;
:
304,310
16,052,410
—
11,397
380,406
4.053
cumul.
$5
260.
Bids for the Purchase of Bonds—
Proceeds
20,4~6M30
139,390
-
.
849,945
1
;
Operating
13,026,623
67,5.76
Federal
!'•
25,659,258
,
!
deferred
41,422
,
208.995
receivable.™,
supplies—.—
Prepayments
o*1
—
reserve 1
receivable
Materials
Other
(less
par
;_™
—
—-
and
21,626,607
145,325
receivable
shares)™
stock (487,479
no
preferred
.—
Puget Sound Power & Light Co.- -Asks Invitation for
156,861
—
Interest
318,847
41,670
refund of
Cash
Accts.
659,432,482 659,948,110
362,852
275,428
296,537
——
funds
Post-war
shares)
Total
,
$
;-••■■
890,290
—
reserve
in
909,471
110,132
15.090
reserves
Contributions
2 ,098,350
969,664
v
Injuries and damages reserve./_™u™™i™™%™™™™™^™
Common
4 ,322,345
-
2,000,000
—
Miscellaneous
313.013
10 .757.235
7,485,139
™_—
Employees' provident
124
2 ,138,580
'
11,994,449
1™——
liabilities
accrued
reserve
/'
■■
1,875,581
Other. deferred credits1 Reserve for depreciation
131,237
703,637
.
$
Other investments
(7.121.672
non-cumulative
par
tive
of N, J
$1.22
$2.04
,$2.42
$2,88
United States of America Treasury bonds and' notes* bank bal¬
from real estate owned and from other investments.
fSee appropriations made by subsidiary companies shown above, :
1941
124
Unamortized premium 'on debt..™
™™_™i™™™--^
Customers' advances for construction^.™
Insurance
20,324
338,164 '
long-term debt_„™%rl^-i™i
other liabilities^
on
accrued
120
•
1.655,115'*
taxes;accrued-
Interest accrued
120
2 ,798,510
special deposits)—
Federal income taxes accrued__:-—™excess
•
19.953
liabilities •_/;/;■/% ./.i % 1:%'
current
Net
revenue
1942
•'/;
1,770.090
J™™™
to associated companies_._
Customers) deposits:
1,369,088
A
Comparative Consolidated Balance Sheet, Dec, 31
275,153
%-;%%■
/
■*
Average daily production, tons—
Sales, tons, u™—
"On
>
'
■
payable'
33,216,720
2,113,811
,
6.812
-
281,250
:
Long-term debt
payable;
Accounts
36,560,925
Service
Corp,
ances,
239,141
9,905.802
6,257
-Notes
36,560,925
stock
Common
com.
480,220
359,371
9,478,190
i
&
578,803,051)553,352,569
Liabilities—
33,216,720
——
—
13,757,982
1,468,510
8,714,506
:/%vTpta,i%J%U';;^™-,.-^
Production,
—V.
surp.
on
of Public
1,295
39,226
8,988.420
Federal-capital stock taX--%—
48.810,353
2,587,560
5,228,033
18,189
65,284
%
-
40,725,316
—
—
3,523,872
2,587,560
131.283
;
-
Unamortized debt discount and expense-i,
Retirement work -in progress%uiii%i%^/;^
-
i
liabilities
Reserves
1,715,944
2,023,560
of
to
Earns, per shr.
1,715,944
2,023,560
2,587,560
Corp. of N. J.—
Eal.
1,715,944
2.023,560
pref.
15.116,391
2,323,364
Stock
cum.
5%-"
78.819
12,242,687
.
.%
1,840,478
4,715,334
179,790
-
1.715.944
167,843
136,860
14,079,258
-
receivable—
25,541,167
$6
of New Jersey—
3,349,335
2,700
122,827
——
supplies fat costj%A------
24,037,566
debt
Current .liabilities
Accrued
Public Service Corp.
3,506.352
'«■
companies^.
148,258,739
Deferred ■ ■oredita:;—-
Divs.
1941
3,619,711
reserves)
associated
141,981,341
:
Total
Long-term
■■
Net
%/
511.683,747
U
42,852
;
Liabilities-
certifs.—
,
136,410
244,703
perpetual
on
int.-bearing
-31.
524,196.971
/Working; funds;
;Temporary cash investments
56,331
1,265,873
Misc. int. & oth, deduc
Prov. for depr, on inv..
.1,557
--
5,205,526
335,945
^
debits
; Deferred
1,200
1,315,162
27,-672,738
iA-
714,291
463,023
1,200
1,308.541
•■_;.—
24.828.714
•
Dec.
Sheet,
accounts—
724,981
,
Taxes
Cr 1,704
3,205
.
1942
Prepayments
28,559,242
579,884
20,231,385
Materials and supplies (at cost)——.
Balance
603,320
!
Balance
Special deposits
Interest
125,337.570 138.531.222
590,398
481,818
7,719,075
8,068,809
-
■
Interest
120,514
518
-
deductions—
Investment and rfund
Federal
~f
tLoss.
Working funds '■
Temp, cash investments, (certifs. of deposit)™
Accounts receivable (less reserves)—-—i—-
Publ/c
Reve nues
2,114,420.
21.283
.
■
applic, to secur.
owned by Pub. Serv.
Corp. of N. J—
105,076
,
,
/
1942 "
Investment
401,800
156,127
Bal.
of
.
$2,873,161
20,002
Special deposits
;
2,907,804
-
$4,187,186
income
Fixed
"70771
_
Assets-
Miscellaneous
1,500,000
CrlO,222
3,383
/Utility ^ plant,% including intangibles^%_ —%/
Deferred
1.113
1,500,000
Crl3,827
2,895
4,144,892
4,121,927
3,580,118
,
Assets-
Common stock'. %
Lessor
'
16,184,458
4,219,910
Comparative Consolidated Balance Sheet,
stk.
427,574
Cr24,071
v
Comparative
Other
st.—
pref.
cum.
*1940
;
7,037,732
—
——
-
income
^Restated for
;
pref.
cum.
-
17,061,830
4,891,908
——
deductions
Divs. paid to the publ'c:
Public Service Electric
and Gas Co.—
427.788
Z;
Miscellaneous
Net
deducts.—,
2.802,439
4,220,517
427,613
Prepayments
1941
-
21,440,430
—
7,550,485
Interest
1942
.
income
Income
2,796,794
:, 4,462,390
interest—
on
income
income
Payables
39,233,956
bonds..^^-^^
Amortization
of
d'sc't
retire,
&
Gross
iZl——
Gross income
2,824.501
/
lien
(prior
discount & expense.
Materials and
'
-
-
,
—
Other
123.059
35,160,993
...Rents receivable ;
(& Subs.)—In¬
—' $41,137,374 $30,879,196 $28,320,0411
revenues
Taxes
;:
income
t
expenses
Maintenance
„
Operating income..—_
Other
Account—
12 Months Ended Dec. 31—
-
•'
350.292
32,948,847
,
after
Public Service Coordinated Transport
167,393,136 151.158,934 140,327,251 133,898,744
66,091,728
56.446,762
53,041,613
49,468,687
Maintenance
12,553,560
11,919,752
11,469,444
11,315,032
Deprec, and retir. exps.
13,219,404
12,320,160
11,314,368
10,885,169
Taxes
42,536,261
34,402,560
26,692,043. 23,015,115
163,833..
Interest ,qn debt to associated co.i-1
.
.
—™
5.387.445
35,037,934
—
of debt
Interest
Subsidiary Cos.—
debt
bonds
taxes %; Miscellaneous
the
5,173,182
32,598.555
28,613,804
Other interest charges
Revenue
6,404.950
V
first and refund, mortgage bonds--Amort,
7.140,511
.8.274,23$
18,027,662
28,449,971
—
long-term
on
7,495,338
9,000,320
income
28,
come
' '
25,418.425
,,
other; income
Taxes
,
Companies
1940
9,508.944
Amortization of premium on debt^^
and excess profits taxes for the 12 months ended include adjustments made-in'Gptober -1942,\;aPPl,icable%.i
to prior months, to set up accruals for these taxes in accordance, with
the Revenue Act of 1942, the net excess.-profits taxes,after deducting
the post-war credits, being charged to income.
■ In the 12 months ended Feb. 28, 1942, Federal income and excess
profits taxes include adjustments made in June and September .1941, ^
applicable to prior months, to set up accruals "for these taxes in •.
accordance with the Revenue Act of 1941.—V. 157, p. 733.
% .
Federal
1941.
.
28,818,475
•
...
Feb.
>)
.
7,482.495
,
m
utility; operating income—J
Gross
v
deducting
the post-war credits,, being
charged to income. '
;.%■'% //%
;
-%
In February 1942, Federal income taxes were accrued at the rate
of 35%/ and Federal excess profits taxes at the rate of 60'%.
taxes,
profits
excess
___
(electric
department)
Tax.es. (gas department,).,
10,028,793
19,515,603
—
Maintenance.
Taxes
'$
93,828,645
15,570,150
1,214,539
394,898
765,807
1942
■Depreciation,
*1943—12 MoS.—*1942
«
profits taxes
Other taxes
Earnings of Corporation and Subsidiary Companies, Including
Calendar Years—
for recapitalization carried
the refinancing program
if
Utility operating income, qper.- revs.. 124,299,693. 118,330,091 110,032,134
43,634,858
Operating expenses
38,643,770
36,164,341
shares.
par
13,535,432 169,908,041 154,051,394
14,786,862
income taxes—-,
Fed. excess
over
Operating revenues
Operating expenses
plan
null
deemed
be
not
Public Service Electric & Gas Co.—Income Account—
;
&
deprec.
retirement
Federal
no
Period Ended Feb.
1943—Month—*1942
Oper. and other revs.—
customers
Lessor
$1,224,916.
be
of - $2.50 in extinguishment of dividend arrearages on each'share of
outstanding-prior preference stock.
New common stock, * ($'50 par,) will be issued in the ra.tio of 96.07%
of such, new comrnon stock to the holders of the outstanding prefer¬
ence stock and 3.03%
to the holders of the outstanding common, sd
that in place of and In exchange for each share of outstanding pre¬
ferred stock arid all dividend arrearages thereon there will 'be giveij
1% shares of-new common, and in place of each 100 shares of com¬
mon there will be given one share of the new common.—V. 157,
p. 8214
1,902,079
§ 517,712
shares.
par
$
in 1942 totalled 33,957,025,600 cubic feet, a
1941.
Sales of gas for industries was 47.67%
more than in 1941.
The industrial sales were the largest in any year
due to the demand by war production plants.
A riumber of manufac¬
turers using large quantities of gas located in Public Service territory
during 1942 and other important Industries increased their annual
requirements. Gas sold to residential customers, exclusive of building
heating, was 2.92%/ riiore than in 1941. Gas meters in service Dec. 31,
1942, numbered 906,670, a net gain of 16,392 for the year.
Passengers carried on Public, Service buses, all-service vehicles and
street cars totalled 581,275,682, an increase of 135,307,708 over 1941.
A large
portion of the increase is attributable to war production
activities in the territory served by Public Service lines.
The report
reviews the difficulties the operating departments of Public Service's
transportation companies were confronted with during the year. "V
to
of
the voluntary
would
741,962,221 720,424,886
_
Income Statement,
Period End. Feb. 28—
year.
12.28%
it
consummated- within'69 days;
*
Under the; plan ef recapitalization Puget plans to issue one-fourth
Share of- additional prior preference stock and a special cash dividend
.
sold
that
12 Mos. End. Dec. 31—
Total
sales to customers during 1942 were 3,760,644,450
an increase of 12.86% over 1941.
Sales of electricity
to
power
customers increased 19.92%
over 1941.
Residential• sales
increased 4.42%, and commercial sales decreased 1.35% .
On Dec. 31,
1942, there were 1,049,159 electric meters in service, a net gain of
the
1943," the Com¬
,
Balance
for
amortization
and
order approving
provision
could
cumulative preferred stock
.
production
"
•
interest
a
4,209,839
111,933,694 111,933,694
($100 par)
*
21,449,300
21,449,300
7% cumulative preferred stock ($100 pari'
28,908,000 .28,908,000.
6% cumulative preferred stock ($100 pari----58,731,200
58,731;200
8 $5 cumulative preferred stock—49,424.198
49,424,198
Premium on capital stock
*
__™—™
358,470
358,470
Operating subsidiaries capital stock—
_
30,296,821
30,305,655
Surplus
„™-™__™™_27,710,930 23,573,079
electric
kilowatt hours;
of
aid
in
5,503,116
:™—™„—™™™™-
fCommon stock
Total
Gas
.
for
Contributions
8%
increased.
gain
accrued
Miscellaneous reserves
revenues mf
the
electric
and
gas
departments,
Gas revenue showed a greater
proportional gain than revenue from electricity. The reason for this
was
that while the demand for current supplied to war industries
increased, the demand for power to industries riot engaged in war
production decreased,
Also, commercial sales of electricity declined
because of dimout regulations and the closing down of many retail
establishments, which suffered 'from war restrictions.
On the other
hand, sales of gas for. industrial, domestic and commercial purposes
11,015
excess
represented by,566,942 shares of Puget's common
is not consummated prior td Dec. 31,
plan
said,* "the consolidated capitalization < and' surplus, adjusted
to reflect-,arrears, the restatement of $6 preferred stock at minimum
liquidation value, and. the proposed contribution, will be lriude rip of
56.1% -of long-term debt, 34.6%' Of'preferred stock and 9.3% of com-i
mom equity.'
However, if the plan is consummated prior to Dec. 31J
the consolidated capitalization and surplus will consist of 56.1%.'
of
long-term debt,
13.1%
of preferred stock "and 30.8%
of common
equity,"
:
' '
The issuance of the bonds and notes would result in a saving iii
deprec. and retirements—,
128,571,454 118,989,137
Special reserve for retirement of street ry. prop.
—
-12,559,719
Contingency reserve
'
2,448,000
2,304,000
Insurance reserve,—--2,000,000
2,524,660/
Injur.es and darriages reserve..——
_™™
—2,894,485
2,636,677
Employees provident reserve
_,
2,429,922
2,064,622
of automobiles
the
for
gas
additional
for the
accounted largely
materials
2,215.751
480,930
12,387,372
4,427,073,
2,929,15?
1,341,346
73,645
1,370,217
1,723,668
.581,818
accrued—™—:—15,221,571
taxes
Reserve
"Also, government
territory," it is stated.
cars."
street
demands
Increased
war
™—™™™L—I—
profits taxes accrued™—™™™™—,,
9,341,748
accrued
2,848,055
——1,387,129
Miscellaneous liabilities —™,—™—,—74,012
Deferred credits
™_1,926,033
Other
Interest
mission
587,436
12,000
,
the
"If
additional workers by war
of thousands of
gasoline and rubber caused many owners
on
587,436
—
Federal income tax
..
,
™.
—™—..J—-'■-—
deposits
™™™—_™™_—_™™_
current liab.lities—,
Customers'
Federal
—
.amount of,$6,020,920.
Stock.
'
,j.
230,086,947 217,627,88?.
120
120
3,549,902
5,097,633
—
long-term debt™,—
Matured
Miscellaneous
of
„
declared
Dividends
subs'diary companies before deduction for taxes,
Provisions for Federal income and excess profits taxes after deduction
for debt retirement credits and post-war refunds amounted to $24,*
406,458, an increase of $7,591,222 over 1941.
^
.
.
After
deducting preferred stock dividends aggregating $9,800,936,
consolidated earnings of the corporation and subsidiary companies in
1942 amounted to $6,696,543. or the equivalent of $1.22 per share on
the corporation's common
stock outstanding. Net income Of Public
Service Corp, of New Jersey, after deducting preferred stock d.vidends;
was
$5,562,314 or equivalent to $1.01 per share of common stock
outstanding, Common stock dividends amounting to 95 cents per share
were paid last year, compared to $1,95 per common share in 4941.
There were 86,287 stockholders of the corporation on Dec, 31, 1942.
The three principal operating units of the corporation
registered
business gains in 1942 over 1941.
''The increase in transportation business was unusually large; due
income
■
Long-term debt —
.
Notes payable
—-—
Accounts payable ™_*.™—-
annual
operating
Liabilities—
.
report for 1942 discloses that although total revenues
of the corporation and subsidiary companies for 1942 were $167,514,031,
ah increase of $15,938,816 over 1941, tlvs gain was more than offset
by the effect of higher costs of fuel, other materials and labor, the
substant'ally heavier tax burden and an increase in income deduc¬
tions,
As
a
result, net income of the corporation and subsidiary
companies last year decreased $4,514,904 compared with 1941.
Taxes for 1942 were $43,849,564, an increase over 1941 of $8,094,289.
These taxes are equivalent to approximately three times the preferred
and common stock
dividends paid by the corporation in the year;
Taxes of subsidiary companies included in operating revenue deduc¬
tions
amounted
to
25.41%
of operating revenues and 56.32%
of
The
Monday, March 22, 1943
be
consummated,
the
Commission
said
that
if
as
approved might
the. plan
were
not
put into full effect by Dec. 31, Engineers Public Service Co. had indi¬
cated it would
make a capital contribution
to-Puget'in the* book
..
Total net
Taxes
revenue—
accrued
-
Operating income
$2,711,318
•
$814,259 $24,455,301
*Cr],.006.670
529.131
*15.304,532
$3,717,988
$285,127
$9,150,769
$6,506,761
■
4.651.692
'$1,855,079
Volume
157
>•'"Includes
payroll
and
$2,782,789
income
ment
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
taxes
the
for
and
$267,238
of
months ended
12
profits taxes of
excess
for -the month of • December,
Dec. 31, 1942; U. S. Govern¬
$1,658,122 for December and
$10,454,617 f6r the 12 months ended Dec. 31, 1942.—-V.
Consolidated
.<
A. Communications, Inc.
R. C.
—
9
March
on
this
by
157, p. 821.
telegraphic
West
Africa
S
Notes
•;
corporation.
:
Notes
tPlant
These
in
taxes
1942
___
The
of
the
*
.amounted
to
improvements
and
during
the
"jl Class
$3.50
number
pennant.
"t
'
Describing the wartime operations of RCA
1
effort
to
speed
Chairman,
day
the
David
and
of
Victory,"
Sarnoff,
'
"The
World
!
"A
.
most
gigantic
task ever
assigned
to
with the finest equipment
them
has
It
combat.
the
the
In
review
bf; wartime
of
radio
RCA
operations for
from.j research
communications; evidence
this
war
*■ It
is
is
1942,
which
of radio's
mobility-and-'speedr-
science,
V.
'"e "■
■
-
than
60
forces of the United
States
tion, radio has the global assignment of maintaining
battle -forces of the- Navy on the high seas. "Radio
as
supplies,
carrying
convoy
with
and
Consolidated Income Account
as
From
■
Othi
'
incl.
inc.
int., and
196,019,444
41,818
divs.
traffic
Total-gross- income-j-™™
sold. gen. oper., devel.,
nterest
red.
■
164,184,612
%. 3,240,400
excess
570,350
.
128,335,731
■
2,927,804
.Other
and
revs,
Total
Inc.
'700.000
'
r
of
foreign
subs.
and
165,870
10,361,600
p.
29,748,527
16,800,692
1,121,419
Settlement of stockholders'
idjust.
acct.' of sale
on
Service business
,
9,002,437
23,653,014
'
transp.
407,847
_——
j——
ixcess
rail
bonds
on
:.Preferred
Common
11,604,796
other
and
29,644,491
29,564
66,796
2,771,056
2,771,027
2,770,837
— _ —
—
7,216,448 107,516,464
;
33,325,489
$0.42
y
27,963,975
$0.50
;
of
$3,690,640,
$4,864,801.
being
has
plants
since
been
change
no
date
by order of the WFB
showed
of
last
shut
was
current
the
in
excess
the
rat©
report.
down
Tho
Nov.
on
4,
of
tons
record
$1,
par
of
7Va
cents
share
per
on
the usual quarterly dividend of 3%
stock, par $1, both payable April 1 to
During 1942, the company made the fol¬
A
18.
the
dividend
a
and
class
March
on
Pay 7V2-Cent Common Dividend—
declared
the
on
156,
,%
...
stock;
common
and Dec. 28, 5 cents each.—V.
April
l,
12Va
cents,
156, p. 2229.
and
July
"
.
.
Roller Bit Co.—30-Cent Common Dividend—•
no
of
30
cents
per
share has been
declared
the
on
;
common
par
elected
Vice-President
,:■ ;
•
,
in
'
Motors,
:
carriers—express
privileges.—V.
Guaranty Trust Co. of New York, 140 Broadway, New York,
Y., has been appointed as transfer agent for the common stock, $1
value, also agent to effect the exchange of the voting trust certifi¬
for -common
,)■■■
157,
1942
156, p. 2229.
v■%%;
:
^
^
pf Los Angeles, Calif., which manufactures the same type of material
as
Reynolds Spring for the U. S. Army Engineers.
Fabriform also is
fabricator
try.
Prior
to
explicit license of parts
an
the
for
intends to develop
company
airplane indus¬
division in the
like
a
$44,534
$48,368
91,431
108,240
97,100
$139,605
.>
$152,774
19,135
33,947
33,947
$99,692
$79,142
,.;
31,704
31,704
24,471
Initial
31,704.
24,471
Pa,,
% 1942
V::V
$649,498
•
—3,703,722
229,796
A
53,050
25
74,287
80,076
Dec.
$8,979,008
$8,963,898
1955—
$4,000,000
$4,000,000
expenses———
3,856
6,068
expense
p.
by fire Jan.. ,23 last/ were taken in U.
city by three second mortgage bondholders.
that
petition
set
of
payable
2139.
to reorganize Rittenhouse Equities,
Inc.*
Hotel,. 22d and Chestnut Streets, Philadelphia,
under
out
up
of
Chapter X for
the
insurance
25
cents
April
1
last.—V.
per
to
of
extra
an
permission
that
will
be
(Philadelphia "Record".)—V. 120,
Co., Inc.—25-Cent
cents; and
28,
156,
effort
an
fire.
dividend
stock,
54,903
grating
wrecked
in
a
the
Ritter
3,194,370
4,757,103
receivable—
Court
of
steel
of
greater part of this
has been considering
Hotel, Philadelphia—May Revamp—
in
was
financial
result
producer
The
into
ships.
Reynolds
product, and by this acquisition
product.—V.
Rittenhouse
They filed
the
h:-
steps
of
which
District
large
plans
for
Rittenhouse
13,232
a
industries.
gains con¬
y
:;
include enlarging of the facilities of the
manufacture of automobile cushion springs, its
post-war
plant
major peacetime
65,253
.
^t-—,■■■
going
post-war
a
was
of
knowledge of this product.
Fabriform
53,094
.
number
a
now
as
Fabriform
war,
for
is
Reynolds
$145,468
18,439
\
the
flooring
grating
$48,174
discount and
under
The Reynolds
'
1941
4,598,344
Unamortized bond
stock.—V,
The company has acquired the inventory and fixed assets, together
licenses, patents and good will, of Fabriform Steel Products Co.
siderable
V
■'
interest
Agent—
East.
notes
and
Inc.—Transfer
/^Reynolds Spring Co.—Acquires Fabriform Assets—
62,971,889
1——_ —„_u,—547,751
Accrued
Rochester
Liabilities—•'."V'
Coupon
V
bonds due Dec.
3'%%
payable
and
accrued
156,
holders
like
Common
share has
of
been
record
amount
S.
reconstruct
collected
as
a
3325.
Dividend—
March
the
on
20.
disbursed
were
to
p,
declared
on
A
common
regular
this
issue
of
on
213».:
p.
21,667
21,667
15,688
10,035
2,113,600
2,113,600
1,631,400
(par $10)
stock
part
Series
"A"__.
,
surplus
515,047
Jan.
1,
450,886
231,805
1932)___________
515,047
445,946
(since
Operating -j
Operating
Total
-V.
;
—
157,
%.
% -Shipments
of
a
year
23,653,014
$0.42
Reis
in
ago,
the
Provision
plant
Taxes
Arthur
two
M.
months
Reis,
this
year
President,
$8,963,898
were
Other
stated
at
the
is
considerable
busy
answer
directors
feel
until
to
a
that
and
orders
The
from
60(r
backlog of
the
of 1944, he said.
stockholder's
question,
Navy
of
the
Net
annual
company's
Government
alone
this
is
no
preferred stock.—V. 157, p. 260.
time
to
Reis
will
consider
said
2,148,691
1,926,759
taxes'2,884,021
2,800,344
—
than
income
income
taxes——1,580,000
1,028,000
$3,937,033
$3,577,412
income
income
394,058
1,322,868
property,
(net)
-
21
deductions
'7,444
$3,937,054
income
$3,584,856
income
1,255,028
1,307,072
$2,682,026
$2,277,784
1,393,000
_
_____
dividends
—V.
p.
156,
1,393,000
1780,
busi¬
keep
the
that
the
dividends
of
318,925
1,260,307
(deprec.)
equipment_..__-_
and
1941
6,750,258
ahead
Rockland
June
Mr.
purchased_%—w:
gas
Preferred
than
more
1942
,7,003,491
retirement
(other
Income
17%-
meeting.
At-present, Mr. Reis continued,
business is with the Government.
ness
for
Operating
Co.—Shipments Show Gains—
first
Corp.- -Earnings—
$1.9,132,469 $17,7.99,699
Provision for Federal
Gross
&
Electric
_L—^
expenses
215,195
$8,979,008
■
349
p.
&
'
revenues
Electricity and
Maintenance
1,631,400
„
cum,,: ($ioo
Gas
12 Months Ended Dec. 31—
1,
interest; accrued..—
liability
6><:pref.. stock
■
-
stock,
dividend
cates
298,813
Bonds. and other notes_——.___
Cash
In
Surplus,'
liabilities
liabilities
"there
1943,
The
1,085,369
279,735
Sheet, Jan. 31
Assets—■■'.'"■'■"•.'"V %;v1943
Finance cos. short-term discount notes
: $
954
3,152,890
66.639
.
1,143,303
surplus
3,152,815
Earnings per common share
31,
par
8,513,853
63,360
,
'v/-:
company
.
Jen.
Reliance Electric & Engineering: Co,—New Vice-Pres.
125,994,498
93,600
;
dividends
surplus
63,945
s.tock—
current
current
of
as
$0.60
'/
stock.
S. B. Taylor,
Works Manager, has been
charge of manufacturing.—V. 157, p, 349.
198,864,422
9,826,893
1943
dividends
Capital
60,955
common
1941
$892,844
$0.63
320.167
$87,218
Earned
3,152,813
pref. shs. purch. & retiredon
first preferred stock_
on
"B" preferred stock.
on
123,602V
received
Special
Dividends
Dividends
was
:V.Vn.Comparative Balance
■:"/% 'v——
33,984,019
1942
$927,083
$c 15
value, payable March 31 to holders of record March 22.
Distributions during 1942 were as follows:
March 31
and
June
30,
30 cents each;
Sept. 30, 40 cents; and Dec. 26, 50 cents.—V. 156,
p. 2229.
:
■■%'
for
9,113,156
Dividends
"B"
98,019
•
■
revenue
to
(Robert)
39,374.258
surplus .————I-————
of cost over stated value of
$0.50
1943
common
and
over
payments
owner
Tax
■
Total
$1,425,193
•V;:,
$2.17
$459,325
balance sheet
have
share
per
stock,
15.4
/'■ 138,289
—
■
:
Reed
A
war
558.
Dividends
of Artists'
—
$3,031,953
$1.82.
■.
1943, totaled 83,084 tons, as compared with 92,772
three months ended
Oct.
31,
1942,"—V.
directors
holders
2,000,000
;
suit——
$2,697,826
$0.62
preceding
common
cents
1.942—12 Mos.—1941
896,271
'
20,531,335
lib; 102,716
27,963.975
r
1,365,737
1,289,542
with
Common
surp. at begin, of year:;!::
id lust." :of
prov.
for prior years
Federal income tax. I—-,-::;.-——
31,
the
The
the
on
debt
Interest
200,958
Net income'—: —■
281,170
1,212,710
2,782,955
2045..
111%
Railway & Light Securities Co.—Quarterly Report—
■
larned
258,598
2,092,583
shares of
assets
Jan.
during
Reo
21,717,635 263,513,583
13,447,956 144,747,188
3 Mos. End. Jan. 31—'
8.912,198
received
400.900
106,047
-
10,192,716
ended
product
of
excess
288,631
•
discbunt
"Payments
,,
774,300
9,002,437
914,624
113,357
company reports that
operations of Rayonier's
p.
21,426,491 260,523,546 195,963,650
291,144
2,990,037
2,900,772
3,470,998
13,144,000
:—
1940
$2 879,585
last, is; still idle, and all other plants located in the Northwest
are,
by order Of the WPB, operating on a slightly restricted basis in order
to conserve logs; and man-power.
Production for the three months
;
a
"Rail
.
Accounts
in
inc
pther- deductions
650,000
;
1941
1,147,980
profit.™,
$8,555,441
current
Statement
1942—Month—1941
and inc.—
revs,
funded
.
3,002,227
6,012.000
income. —1——
dividends
.
Income
29,459.896
Operating expenses
Express, taxes
Int.
104,523,737
:
assets; of
latter part
totaled
1C42
share_i%%i_.r%_i%_.:::;
963,871
of
97r+.-
up
Collateral trust
Net
service
$1),
$7,236,112
tax
consolidated
N.
181,95?
5,930,850
.surtax—
profits: tax
rail-air
Net income
746,757
and
combination
(par
1421. %
p.
-Earnings-
7.5%
1940
957,021
net
♦On
being flown daily.
were
156,
1,171,455
Jan. 31—
per
1, Oct. 1,
During the
year.
express
Total ■
Total expenses and taxes_i_:„
Interest and amort, on funded debt
47,558
oV: ' 775,000 %
patents—™
tax
previous
air
stock
common
$7,978,303
share__*
The
International air express shipments, including
recently-opened Monterey-Mexico City service,
27%
higher than in 1941.
Revenue of this
Charges for transp.——
well
157,691,142 120,687,197
.
"Earnings
lowing
essential
of
B
$1,537,623
Consolidated
increase
exceeded $9,000,000,
movement
r Stocks
——
normal
federal
of
in
the
to, 182,000,
was
the
tons of
Consolidated
197,024,056 158,695,722 121,439,507
expenses
—
Amortization
in
for
class
$2,237,398.—V.
income
prof,
per
End
Railway
up
for
83,645
profit
of
1,405.320.
interest receiv*
$2,237,398.
provision
1
Year
1941
962,794
depreciation
$3,27
35
24.3%,
up
handled
amounted
Fed.
exc,
an
tons,
there
Quarter Earnings
1942
boosted average weight per shipment to
in 1941% Average charge per shipment
year
moved
year,
totaled
revenue
gross
division
10.582
and
;
870,919
3 Mos
weight and revenue, accord¬
express
was
shipments
air 'express
pounds
8,6
Shipments
those
of
while
of
use
than
more
for
for
■"Earnings
more
^ost of gds.
admin,
from
air
the
commercial airlines in
securities
$29,666,
1,203,913
income^
Tacorna plant,-which
N.,
at
than
expenses,
other
1941.
compared with
1942
for the
;
&
in
increased
pounds
of
from:
other'; investments.
sell.
than
$6.43
S
foreign subs
S.
shipments
Number
1941.
the previous year,
The
by
of
v
for Calendar
V
*
operations
from
pivs,
released
Weight
% materials during the
(Including domestic subsidiaries)
Gross income—
just
figures
93 %
other
of
Net
1942.
Putnam
Vickery, U.
less
investment
were
bank, $52,448;
1943
the
'
.
1942
,
to
over
'
,■<
Mr.
owned
$204,503
$5,788,683
operations^
deprec. & depl.
Reed Drug Co.—To
over
J
all phases
combat,
$12.31
to
734.
p.
Agency.
'Y%%
at
equal
securities
was
of
total,
$4,200;
total,
taxes
with
compared
as
in
$145,939;
$1,366,858;
The
Howard -L.
Of
contact with the
travels with the
airplane in
the
land transport and reconnaissance.
in
157,
ing
importance, in
• •
>
.
...
stationed
are
&
Prov.
2138.
p.
Express
places' on the international battlefronts;. Only by radio can
outposts be coordinated quickly in communication.' 'In addi¬
these
all
armed
the
of
express transported by the nation's
broke all records for number of shipments,
military
that
1
were
the end of
at
meeting,
sections
Air
manufacturing
to
great
share
cash
payable,
$1),
(par
surplus,
for
Prov.
fund
the
of
quotations,
accrued,-: $333;
from
Prov.
Railway Express Agency, Inc.—Air Express at Record
pointed out that while most of the uses of radio in wartime
secrets, the importance of radio is emphasized by the
are
fact
156,
all
Period End. Dec. 31—
covers
a-nd -engineering
seen
March
of
Vlee-Chalrman of the
United States Maritime Commission, on March 8 presented the Maritime
"M"
Pennant, the Victory Fleet Flag,
and Maritime Merit
Badges for employees, to the Radiomarine Corp; of America, at its
plant in New York City.
Radiomarine was awarded the Army-Navy "£" flag in December.—
United
and
of
of
Rear Admiral
,
•.
the
at
on
per
assets
compared with $11,29
remarks
duties
war
many
links
$6,690,000
Net
assets
total
interest
Rayonier, Inc. (& Subs.)
Radiomarine Corp. of America—New Awards—
which extend far beyond the field of
Nations, carrying historic and important
dispatches. 1 Broadcasting delivers War neWS to Americans everywhere
and stimulates the war program at home.
Short waves, "the Voice
of Freedom," carry encouragement to the oppressed people of invaded
natfOris,t:and bring radio programs to the soldiers and sailors over¬
seas.
Coordinated
research,; .engineering
and -manufacturing have
made those services efficient: and ^reliable.!'
.,
^
"Radio
■;
1
of
ago.
that
depreciation
$6,255
1942.
9 Mos. End. Jan. 31-—
Profit,
of
built.
that can be
year
value
61%.—V.
the great importance of radio
in
modern
warfare.
The
heroism of the
fighting men who have
taken radio into combat has inspired those; on the home-front
to
provide
his
high
new
a
reports
30,
";,
" •.
Balance Sheet, Dec. 31, 1942
stock
$10,000;
Int.
Chairman,
sales.
common
pointed out that the
portfoio, including high grade
bonds as well as common stocks, had improved since
the first of
the year.
As of March 1 each of the three portfolio groups—Invest¬
ment-Backlog, Dependable Fixed Income Portion and Common Stock
Portion—was selling above cost.
On March 1 the holdings of the fund, which are diversified on a
functional
basis/ were distributed as
follows:
Investment
Backlog,
20; Dependable Fixed Income Portion, 19%; Common Block Portion,
of hostilities has emphasized
year
In
market
•.
industry: ; v
a
March
on
•
.
the
in
Nation
Putnam,
at
$4,960,000
first year of participation of the United States in the present
found the Radio Corp. of America at the service of the
War
.
:
134,239,284
•_
8214;%..;)%:%:
p:
George
better
Lieut. General J. G. Harbord,
representing the Board of
•_
—_
-.J.——^
157,
were
President,
directors,, in a joint message to stockholders said:,
276,053
27,762,032
27,963,975
stock^:„^
shares)^.-™
par
;<George) Putnam Fund of Boston—Assets At High-—
•
,
"geared to the national
as
14,574,441
254,638
dividend
no
net
the market
on
6,718
—„—$9,773
aggregate amounts of purchases
six months ended Dec. 31, 1942
the
$17,661;
net
were
'
14,574,441
shs.)
par
no
27,762,032
33,325,489
212,082,759
$5
"■Revised figure,
tAfter reserves of $49,632,143 in 1942 and $50,683%
in
1941.
tAfter amortization reserve of $9,537,447 in 1942 and
$9,027,993 in 1941. 5 11,891 no par shares in 1942 and 12,891 in 1941.
-
:
stk. (900,824
cum.
(13,881,016
unrealized
June
17,850
taxes, $5,015;
accrued
expenses
(estimated), $2,387; suspense, $10,000; convertible
preferred stock, $3 series (6,143 shares, less 50 shares held for retire¬
ment), $152,325; convertible preferred stock, $3.50 series (see notes)
21,657 shares (less 30 shares held for retirement), $540,675; class A
408
employees
"M"
Commission's
time
of
preferred
stock
Total
$6,897,072,
total
The
B
Earned surplus
,
compared with $8,138,627 during 1941, ,...
:
at the year-end was '35,587, an in¬
crease
of 5.126 over the preceding year,;y Of this number 18,746,' or
J53%, were men, and 16,841, or 47%* were women.
: < '.I
>
'
The Government has expressed its appreciation of the war produc¬
tion achievement of many thousands of RCA workers by the award
of Army-Navy "E" flags to two RCA Victor plants,
and to Radiomarine Corporation of America, which also has won the/U, S. Mari¬
4
first pref.
cum.
Common
The
at
period-:
Liabilities—Accounts
-
^
The
no
able,
$17,387
„.
Assets—Securities, $2,166,956;
804,855
2,771,027
3,782,815,
2,958,189
;:5,441,3015,441,301:
—I™.,,—,--.,
the
1942, based
during
15,400,000
803,067
;
:
in
year
2,771,056
75.200,000
*
-
———
plant
facilities, and equipment
for manufacturing, broadcasting, communi¬
cations and research, iricluding additions to the patent capital account,
additions
payable—
contingencies
General reserve
for increased taxation, and that every business and
the payment of taxes, shares in the successful
war.
capital
dividends
Reserve for
-
conduct
(2)
—
for
shown
were
17,060,126
19,227,285
25,448,352
22,719,567
—_
liabilities
;
worker, through
every
212,082,759 134,239,284
1
.V-"'','.
—
Common
Other
equivalent to $ 1.37 per share on the outstanding common stock,«com¬
pared with $1.18 in 1941.
In addition to Federal income taxes, the
total of state, local, social security and other taxes paid or accrued
in 1942 was $3,787,763, compared with $3,417,250 in .-194U %;%%%%;%%%
%< Volume of business increased sharply, although net income was re¬
duced : because of higher taxes,
In a message to the stockholders,
attention is called to the fact that aggressive prosecution of the war
necessarily calls
:
_
4,106
$9,773
__
—
profit
31,
that
$21,493
9,030
in Wabash Ry. com. stock
sales of secur.,. computed on avge.
,
Note—(1)
Dec.
-
-
taxes.
4,240,149
1.391.883
1,271,262
Net
v
*
$18,803
,
investment
basis
cost
5,103,348
4,240,149
—
__
Net profit on
30,401.533
.
18,313
—I
_
Net .income
,
,—
—
,
Write-off
excess
—:
1941
$3,180
15,728
-
Total
434,838
291,396'
32,390,284
charges
1942
$3,075
—
Expenses
.-<■
'
-Report-
dividends
29,382,450
equipment„L:4v-l.i-.iiiJi-^——.
Total
the number of persons employed of 14.4%.
{?■'.
i
Indicating the upward trend of Federal income taxes accrued by theprovision for these taxes was $19,074,850, an increase of
$2,701,250, or 16.5%, over the preceding year, and representing 67.9%
income
19,771,238
49,254,446
Liabilities— '
.-"YvY.''>
% Accounts payable and accruals
Provision for Fed. inc. and excess profits taxes
Preferred dividends payable
_Y
-
Federal
17,761,424
31,701,981
——-—-r—4,701,510
Deferred
of
before
5.281.882
at cost
rec.
advances
Utilities Investing Corp.
23,142,561
reserves)—
or
Goodwill
company,
income
and
$ Pa tents
v.
in
accts.
Interest
profits tax—4.——,%1,446,000
*_
.11,187,033 n2,69L291
2,398,111
Emergency; plant facilities^;4-^^-%—^-1——
.
of
and
Income—Cash
market)—j
(less
of cost
lower
Post-war refund of
corporation in 1942 Was $9,002,437, compared with
$10,192,716 in- 1941, according to the company's 23rd annual report
released
by David Sarnoif,
President. - After payment of preferred
dividends, earnings per share of common stock were 41.7 cents com¬
pared with 50.2 cents per share for 1941.,
Total gross Tncome from all sources amounted to $197,024,056, - in
1942, compared with; $158,695,722 in 1941, an increase of $38,328,334.
Operations for 1942 compared with 1941 show an increase in gross
income of 24.2%,. a decrease in net profit of 11.7%, and an increase
profit
(at the
■Investment and
America—Annual Report—
Radio Corporation of
Net
receivable
accounts
maturing beyond one year
(less1 reserves) ,1'—_—■'■
.
photo circuit also operates between New York and Cairo.
/ 1. ^
Y - It is also announced that a direct radiotelegraph circuit between
New York and Quito, Ecuador, is being tested by RCAC preliminary
to
the start of regular commercial operations within the next few
days.
Until now, Ecuador, where a complete cable monopoly has,:
.existed, has been the only South American country closed to radiotelegraphic communication.
-r-f-Vv
The Government of Ecuador, the announcement says, is cooperating
with RCAC in setting up this new radio service.
With the addition
of Quito, 16 Lgtin American, nations will be linked with this country
by RCAC direct radiotelegraph circuits.
.
::v«'
-The radio equipment • for. the Quito station has been designed and
built by the RCA Victor Division of Radio Corp. of America.—V. 157,
p. 734.
./
'V.'!1;'V:'
'r'%
'.'if
;1
"
and
Inventories
.
'
$
hand—.—57,837,273
on
U.. S.- taxanticip. notes and Gov. bonds,
Dakar Linked With
Ecuador Also to Open—
messages •
routed by
were
Railway &
6 Months Ended Dec. 31—
1941
Assets—
between the United States and
way of London,
With this direct
radio circuit in operation, message traffic will move much faster and
cheaper since RCAC announces a 15% reduction in the rate..
"The new service is to be operated in cooperation with the Admin¬
istration
of Posts, Telegraph & Telephone
of French West Africa.
Other
RCAC
direct
radiotelegraph circuits with African•, terminals
link New York and Monrovia,. Liberia; Leopoldville, Belgian Congo;
Brazzaville, French Equatorial Africa,
and Cairo, Egypt.
A radioFormerly,
French
81
Dec.
1942
Extending direct radio communication service to another sector
important in United Nations war strategy, a radiotelegraph circuit
between New York and the West African key port of Dakar was
opened
Sheet,
(Corporation and domestic subsidiaries)
Cash in banks and
New York—Circuit to
Balance
109t]
on
Gas
Co., Inc., Spring
Valley, N. Y.—Plans
Bond Issue—
The
the
at
par
company
$500,000
filed with the SEC March
of
first
mortgage
4'.4%
16
a
bonds
plan
due
to
issue
and
on
Jan.
1,
sell
1963,
and
to
apply
of the
Rutland
1943
January—
Railway operating revenues
Railway operating expenses—
1942
$327,578
Net
$311,974
321,518
285,350
receive
$26,624
paid by it which has not been used for the payment of
tures within three months from March 23, 1943,—V. 157,
tax accruals—
Railway
1
$6,060
railway operations——A:
from
revenue
——~-
23,412
Cr3,152
"$12,353
$9,207
4,795
4,696
—
'
Net
railway operating inccme
Other
income
Total
1
"$7,558
from income
deductions
;
'
-
•
'
:
"$7,564
^Deficit.—V.
.
157,
33,426
125,649
107,626
Stockyards Co.—$1 Dividend— •
251,181
$64,700
$73,725
$819,522
150
3,434
•
$65,036
$73,875
$822,957
Int.
insur. costs & prov. for
costs,
operating
General
Prov.
income
Dividends
on
Dividends on
♦Earnings
♦On
expenses:——.
—————
income & excess profits taxes—
Fed.
for
Net
36,795
—
48,384
13,841
13,823
166,519
$656,438
Dec.
stock,
$4,
par
Railway
"
to
the
receive
of
shares
of
each
common
Co.,
A Schenley
Plant—
directly
Alcohol
Operate War
Corp.—To
Distillers
A-.
■
'
■
Naming of this corporation to operate a projected war alcohol plant
announced
March 11,
\
The Moline plant will be one of five new plants to be constructed
in
the grain belt to convert huge grain surpluses into
war alcohol
chiefly for synthetic rubber, and for smokeless gunpowder, lend-lease
and other military uses,
The other plants will be in Dubuque and
Keokuk, Iowa; Peoria, 111., and Carrollville, Wis.
/
"Operation of the Moline plant will be in addition to our company's
present production of war alcohol in our former whiskey distilleries,
and
will not interfere in any way with that output,"
according to
Lewis S. Rosenstiel, Chairman of the Board.
"No whiskey'has been
made by the beverage distilling industry for several months—all pro¬
at
Moline,
111.,
was
on
reach
.
1943—Month—1942
$1,091,074
——
—V,. 157,
p;
$949,393
$1.50
have
Net
Other
Net
of
the
units
small
the
the
of
:
J.
This
company
has been awarded the
Army-Navy "E",
.
-
can
the
for
high quality aviation
went on to say:
should
catalyst
"
•
the
increase
for
the
,
bead
the
on
common
common
par
no
value,
20.
15
stock,
type
a
which
157,
A
V.
t
t
153,
p.
catalyst
be
can
revenue
Gross
,
.
■
.
taken
"from
dividend of
made
expenses
for
872
4,834-
$707,325
$534,951
170,064
170,064
period A—AA-——A— ?' $537,261
$364,887
tNo provision for Federal excess profits tax has been
such
no
tax
will be due.—V.
157, p. 902.
Electric Co.—Earnings—
1943—Month—1942
!
1943—12 Mos.—1942
$640,486
—
$486,282
$5,814,368
$5,095,315
expenses —
depr. and amort
229,299
192,864
2,116,741
1,948,615
63.741
62,262
748,620
640,365
233,916
139,751
570,168
589,175
income
385,437
436,329»
/
'
'
----A
>
deduc—
17,811
$1,187,075
258,165
385,068
$803,054
$802,008
34,358
412,296
A 412,295
10,848
10,023
$14,470
A
31,729
$59,676
.
34,358
Amortiz. of pfd. stk. exp.
293.754,
$1,061,220
$91,406
'
$95,719
stock——
pfd.
932,182
■
$113,530
—
-_A_Ai
other
income
on
*'.
tax.
income
and
Net
taxes-
profits
excess
Divs.
Balance
—V.
157,
$380,735
A/\ A.-AA :
t
and
Net
Divs.
;
-pay-
$61,361
A 130,181
$259,531
559.
p.
Southern New England Telephone
Month of January—,
Operating
pfdt
to
operating
Operating taxes
Net
—V. 157,
p.
1,516,747
1,339,103
$757,588
$686,376
A—A—^
revenues
Net
157,
v
Pacific
Co.
of Transportation
Earnings
A a/:a,
Month of January—
operating
Maintenance
of
Maintenance
of
;
.
revenues————•
structures,.^
and
way
equipment
..A,A
Traffic
•
—
;
,
1943
1942
$43,001,366 $29,814,511
4,659,235
3,134,946
6,584,575
4,597,486
610,270
504,793
12,322,702
—1,056,418
10,275,449
—
A—
Transportation
Miscellaneous
Railway
A——A~.i
548,188
1,027,395
913,069
railway operations—„
accruals—.
—.
$16,740,770
$9,840,580
7,223,822
2,491,696
.A-/
1,526,983
1,308,253-
expenses
——
from
rev.
214,735
735.
p.
Southern
General
$315,724
212,684
—
370,652
$327,184
income
System—
Railway
430,404
— „——-
income
—V.
—
tax
Equipment rents (net)
Joint facility rents (net)—;
48,192
59,585
$7,941,773
$5,981,047
:
the
shelf."
♦Net railway operating
.
If
♦Before
10 cents per
share on the
Orders
income items.
Locomotives—
20
"
f
,
increase.in traffic, this company has ordered
20 giant steam locomotives at a total cost of approximately $5,000,000,
A. T, Mercier, President, recently announced.
Deliveries are expected
handle
to
start
continued
a
October.
in
The
Locomotive -Works,
steam
new
locomotives
will
be
built
by
Baldwin
!
-
orderr Mr. Mercier said, brings to 275 the total of
and diesel engines received or ordered by Southern Pacific since
.Placing -of
the
$6,152,767
2,835,660
$4,791,607
2,350,952
37,732
486,011
425,932
167,312
106,897
668,793
552,296
188,152
202,737
ments. by
August, 1939, when the company
expansion well in advance
Co.—Earnings-
ment
The
1943—12 Mos.—1942
784*619
53,451
158,431
$113,445
$1,189,532
$1,101,258
54.974
,
$57,016
■
659,836
643,214
$58,471
14,286
.
14,286
i
$529,696
171,438
-
$42,730
-
$44,185
.
.
$358,258
$286,606
,
,
•
•
-
-
company's
,
Southern Pacific since the middle of 1939 have Included a
large car building and repair program, installations ' of additional
centralized traffic control, extension of side tracks and expansion of
pumerous yard
ment of; plant
said.
$458,044
171,438
•
_
•
—
provision for interest charges on outstanding debt, or other
nop-opcrating
,
>
income—
206,648
—
stock-—;
'
1,000
$2,026,979
1,500
$464,722
deduc.—
559.
^
1942
•r.—A——A—
revenues—
operating
other
1941 —V. 157, p. 902.
$110,468
:
1943
$2,275,335
,
43.446
.•
Balance
operating,
expenses
Net
30 to holders of record March
March 31 and Sept. 14, last
taxes._
income
in
Co.—Earnings—
,
A——————A
284,882
income
other
.
revenues
Uncollectible
sents
„
AA-,
-
Operating
Net
'
23,264
$606,108
___.
taxes
Int.
Rayment has been made: to State' Street Trust Co.,- State and- Con¬
.Mass., as trustee, of an-amount'sufficient to
273,178
cus¬
launched a huge program of equip¬
of the national defense movement.
entire locomotive purchases since that time represent
an
expenditure of about $44,000,000.
In this 3Ma-year period, it was
pointed out, Southern Pacific's traffic increased 92%, due principally
to the handling of war materials and troops.
Mr.
Mercier also called attention to the fact that other improve¬
depreciation™.
income
Gross
Shawmut Bank Investment Trust—To Pay Debentures
gress St., Boston,
$260,901
taxes
on
fedi excess profits tax.
A
443,430
$314,341
Prov. for
■
.
available
are
1943—Month—1942
_A—^—
revenue
Operating
Prov.
dividend of 10 cents per share on the
payable April 1 to holders of record March 22.
distribution was made on Dec. 20, 1936;
none
since.—
.
a
were
period End. Jan. 31—
par $1,
^
!
457,207
.
'■
of
Operating
■
and on May 7 and Sept. 22,
General
252.
•
pfd. capital stock paid In cashAA
end
Period End. Jan. 31—
Gross
Process Corp., the licensing agent.
large scale will, require Government
$1, payable March
par
directors have declared a
similar
213
$704,331
prior years—.
Southern Indiana Gas &
Int.
Gold & Platinum Co,—10-Cent Div.
South Carolina Power
April l to
and including
Shamrock Oil & Gas Corp.—10-Cent Dividend—
The
842
$771,548
AAv; '■
,AA
A—AA—.A—AA-iAAAA,:..
on
10,300
; $704,113
,A $770,706
—
to
109,000
i';.
364,887
uncollectible
—
adjustments applic.
Gross
cents
payable
1632.
Common stock,
,11.300
-
_AAaA_AA-C„.
for,
reserve
made as it is estimated
559.
p.
distributions
Federal
{
of
Total
Fed.
available, the plants to manufacture the catalyst
somewhat less time than that required for consruction
unit.—V.
Similar
year,
From Oct. 1, 1941, to
Jan.
1,
1943,
the company made regular quarterly distributions of
25 cents per share on this issue, compared with 35 cents per share
in preceding quarters.—V. 156, p. 1156; V. 155, p. 2372, 1317; V. 154,
p.
March
stock,
—A
Federal
made
in
The directors have declared
according to
15 declared a quarterly dividend of
directors on March
—•
330,131
necessary
South American
Seven-Up Bottling: Co., St. Louis, Mo.—Div. Reduced
share on the
holders of record
311,486
138,000
300,000
General
available
the
in part as follows:
,■
Houdry
of the catalyst
are
TCC
22.
The
taxes__A_-
A-——„—A——_
receivables
156,055
;v
operation
in
of
use
through
built
be
a
•
f;; Seiberling, President.—V. 157, p. 260.
per
•
tax_„—
-1
858,102
300,000
Surplus, beginning of period!—
"Preliminary.
Catalyst"
"Bead
Co., Inc.—New
new
refiner.
standard
materials
$2,079,402
734.
Co.—Army-Navy "E"—
A.
revenuesAA_A—
—A*.
$2,467,70?
181,539
i
reserve
income
,1941
$2,639,178
926,147
A
taxes)..—
income
deductions
Adjustment
months
taxes.-*
profit
'
,
♦1942 A
.■
A-
A——_AA-AAA-
income
Dividends
Like amounts were
1942.—V. 156, p. 2230.
priorities for plant materials.
The
amount of critical material needed is small.
Most of the equipment
of
Seiberling Rubber
'
—A
income.—A——1—__AA 1 A
income
To
,
Federal
for
income—interest
Income
:
»
As
authorization
is
$2,250,180
1
"
income
for State
Gross
$694,380
the: four
excess
;.
-
retirement
operating
Miscell.
share and the usual quarterly div¬
declared on the capital stock, both
per
been
Oil
over
Houdry
Licenses
1943—2 Mos,—1942
•
A
389,824
$692,358"
and
T
,
$1,084,20-1
379,044
past few months
companies
^,(The) Schiff Company—February Sales—
Period End. Feb. 28—
,
.
of
Manufacture
jection facilities being devoted to war. work."—V, 157, p. 558.
Sales
income
;
,
repairs—
for
(other than
+Provision
,
.'
y-
.
communicate
and
Appropriation
and 10 under construction in
the United States, and four in process of construction in Russia.
The highest quality aviation gasoline base stock made commercially
today, is made by the Houdry process, employing a synthetic catalyst.
The TCC units were originally designed to use a clay catalyst, and
on
this basis, they would produce a base stock comparing favorably
in quality with the Houdry products.
Both the TCC units and the
Houdry units can be easily converted, however, to the use of the new
bead catalyst,; which will greatly improve their performance,
beyond
'any catalytic Operation known to date.
In
comparison with aviation gasolines made from similar stocks
by other methods, the TCC bead catalyst shows a remarkable im¬
provement in the power obtained from super-charged aircraft engines.
This means either better cruising operation or better combat opera¬
tion, depending, on the results desired.
Unlike
other catalytic processes,
the TCC unit can be economi¬
cally built and efficiently operated for small scale as well as large
scale output.
It uses substantially less in critical materials than
other catalytic cracking units.
Because of the low construction cost
and flexibility, the TCC process brings catalytic refining within the
1334.
156, p.
—
Provision
$174,786
—A—A—A—A
AA—A-AA-A
revenues
Maintenance
any
,
'
-
Colorado ^Power. Co'.- -Earnings—
Years Ended Dec. 31—
Taxes
'
,
$1,071,402
92,515.
January .and- for
include
not
'
Operation
•
for
expenses
do
31st
735.
Operating
The announcement further
15
present
as
165 Broadway, New York, N. Y.
allowed unsecured claims should
•
A $169,778
——
Southern
there have been three basic improvements
announced in catalytic refining, of which this company is interested
in two; the process developed by Houdry Corporation, of which this
company owns
approximately one-third, and our own TCC process
AThermofor Catalytic Cracking).
At the present time, a total of 20
TCC units are under construction, of which seven are being built by
this
and
13 by six other oil
companies." There are at
company
the
In
:
of
p.
V.
,
1942—4 MOS.—1941
$267,301
-
93,289
expenses—
Jan.
Co.,. Ltd.- -Earnings—
1943—Month—1942
Not
"
of
Schenectady Railway Co.—V.
Power
^AA'-' $263,067
.earnings
157,
Up—
result of war condi¬
in 1941.
A. Brown, President, stated
John
'
•
Holders
Canada
earnings
ending
tested in the company's pilot plant at Paulsboro,
N. J„ it has proved to be extremely rugged, with far greater strength
and
resistance
to wear than other catalysts;
and it has demon¬
strated exceptional catalytic activity, with very little loss in service.
<
with
15,380,040
V.
to holders of record March 10.
made
beads.
glass
fo'lows:
Undeposited bonds, at the office of Schenectady Railway Co.* 512
State St., Schenectady, N. Y.
•
Certificates of deposit in respect of such bonds, at Chemical Bank &
duly executed,
Trust
Operating
aircraft engines by from 23%
to 35%, depending
on
the charging stocks used.
Under comparable conditions, yields
of aviation gasoline base stock from given
crudes can be increased
by from 13% to 30%.
The new synthetic product is called the bead catalyst because it
is
in
the
form of translucent spherical
particles, resembling small
'! Distribution of the new securities will be made upon delivery of the
outstanding securities together with the appropriate letter of trans¬
mittal
of
amount
output
power
claims
$1,000
14,899,460
15,354,450
Increase
Gasolines
duly proved and allowed are entitled
principal amount of allowed claim two
stock of the reorganized company. \
unsecured
for
like
of
gasoline.
dated
distribution.
same
Holders
20,126,682
1,456,815
Note—Operating
provement in America's already
September 5,
1941,
has been consummated as of Feb.-26, 1943.
The new securities pro¬
vided for in the plan are now available for distribution.
Holders of
first
mortgage 30-year 5%>
gold bonds are entitled to receive in
exchange for each $1,000 principal amount thereof
(with coupons
maturing on and after Sep. 1, 1930, attached) $100 principal amount
of
5%
non-cumulative sinking fund
income notes of Schenectady
Railway Co., dated as of Feb.
1, 1943, in fully registered form,
'together with 22 shares of common stock of the reorganized com¬
pany.
Holders of certificates of deposit for said bonds are entitled
to
361,344
Power of Gasoline 23% to 35%—The
company on March 10 announced the development of a
new
catalyst which will make possible a marked im¬
of first mortgage 30-year 5
holding allowed claims:
plan
of
reorganization
Co.
1,267,320
1,494,312
or
dividend
extra
May
;
amended
The
210,000
real accomplishment as none of the total came from
Socony-Vacuum
share on the
% gold bonds of Schenec¬
tady Railway Company, dated March 1, 1916 (due March 1, 1946,. the
holders of certificates of deposit therefor, and creditors of Schenectady
the holders
To
2,036,163
income—
Surplus,
Schenectady Railway Co.—Reorganization—AA/ a'/.-a
-
30,279,500
Southern
the
of
President, points out as a
paid in each quarter during
and the usual Quarterly dividend of 37Va cents
156, p. 2139.
58,061,062
35,481,132
——
291,333
President
Simmons,
payable March 31
the 6% cumulative preferred stock, par $25, both payable
April 1 to holders of record March 10. Distributions during 1942 were
as
follows: April 1 and July 1, 20 cents each; Oct. 1, 15 cents, and
10 cents.—V.
67,133,703
2,724,135
Period End. Jan. 31—
Singer Manufacturing Co.—Extra Dividend—
An
per share on
24,
5,296,629
3,530,475
taxes—-—
tomers'
idend
$
5,969,755
oper.
210,000
.
„
$
revenues™
expenses
oper.
Gross
v"-:'
a'a"
The directors have declared a dividend of 10 cents per
common
Dec.
94,781
contract but rather from a multitude of small
orders for many different types of products.
"Sales increased $2,700,000 or 4.3% despite the severe shrinkage of
civilian sales in the last half of the year.
A- : ' /
v ■
A ;.
"The company will not enjoy during the first half of 1943 anything
like the civilian " business
enjoyed in the first half of 1942 which
contributed much to the year's total earnings.
Government business
is
increasingly competitive and, although we enter the year with
a
good unfilled order book, it is impossible now to predict what 1943
will bring."—V. 156, p. 2046.
payable,
1942—12 Mos.—1941
$
319,670
$706,727
_—_.
Wilde,
a
Telegraph Co.—Earnings
&
1942—Month—1941;
88,660,250
Net
order
large
Telephone
356,982
902.
B.
is
"This
one
$1,000,000; notes payable, $3.items, $233,605; dealers' partici¬
pating loss reserves, $264,416; reserve for credit losses, $100,000; de¬
ferred
income,
$260,749;
10-year 4Va%
convertible debentures, due
Jan.
1,
1950, $680,500;
preferred stock, 6% cumulative (par $25),
3717,900; common stock (par $4), $624,204; paid-in surplus, $42,435;
earned surplus, $319,523; total, $7,473,332.• /
•
\
1
102,633
$553,805
accounts payable and accrued
Dividends—
been
184$.
plus reserved in respect of the excess profits tax credit for 1942,
used through debt retirement.—V, 157, p. 823.
Mr.
and
notes
8,251
$51,801
to a total several times larger than
Simmons further states in part:
year
$5,042,650; U. S. Government
automotive replacement
Liabilities—Special
have
156, p.
income
1,127,752
1,107,685 "11,552,038
11,694,077
♦$518,151 of this net income has been reserved and is carried as sur¬
tions, the management was forced to completely recast Its selling and
engineering set-up in 1942.
A substantial part of the year's produc¬
tion
was
for the war effort, he states,
increasing throughout the
and
230,000;
bonds
26,644
•
on hand,
$1,307,399; notes receivable,
securities, $1,000,000; accounts receivable
materials, $20,513; repossessed automo¬
biles, etc., $10,195; cash surrender value of insurance on life of officer,
$21,946; sinking fund deposit, $603; deferred charges and prepaid ex¬
penses, $47,083; furniture and fixtures, $22,942; total, $7,473,332. .
banks
in
8,189
$43,005
A>
Simmons Co.—Sales and War Orders
31, 1912
Assets—Cash
such
of
$801,508
dividends
p.
Grant G.
$4 par.
Sheet,
first lien bonds due June
Water
valu^
32,827
Net
Connecticut General Life Insur¬
Co., Hartford, Conn., has been elected a director.—V. 157, p. 172.
ance
10,223
31,210
$0.34
$0.31
share—————_——
shares of common stock,
&
par
102,971,817
Net
165,834
$60,052
„
dividends
157,
Frazar
-
$63,469
■
Balance
;
deductions
Preferred
94,693
—
per
by
8,047,408
265.452
,\
$51,194
accruals
income——.—
Common
$268,977
173,778
31,730
————.—,—,———$48,385
preferred stock
„———
10,770
common stock
—_
15,605
156,051
were
9,533,057
Silex Co.—New Director—
$228,039
131,270
credit losses
income
operating
Gross
•
1942
received
revenues
Uncollectible oper. rev.-
$967,342
—
income
Net
Bell
Period Ended Dec. 31—
3,627
income
Income
1941
$363,670
1942
$264,834
31—
31,
funds
$963,715
336
'
Securities Acceptance Corp.—Earnings—
int., insur. & carrying charges
Dec.
the
Operating
417,923
24,819
(net)
reserve
Gross
—V.
Earned discount,
of
299,604
32,990
22.645
-
3 Mos. End. Dec.
Gas
$340,000
Operating
/
32,944
value,
par
portion
a
tender or purchased in the open market.—V.
on
Net
per share has been declared on the common stock,
payable March 31 to holders of record March 22.
A
similar distribution was paid each quarter from April 1, 1942 to and
inch Jan. 2, 1943, while on Jan. 2, 1942 a payment of $1.25 was made.
—V. 156, p. 2229.
'
../7
.
8,169
,
income-
income
Other
dividend of $1
A
with
$
922,210
A—
"
no
ended
months
'■
-
$2,558,608
945,321
profits taxes—
Gross
National
Louis
St.
acquired
Operating
$19,541
$40,990
.
$2,559,596
86,102
11,225
Utility .oper.
997.
p.
Altogether
Southern
$225,805
——■
taxes
Retire,
'
12
the
"
1951.
/
80,723
Federal income and ex¬
Other
$13,885
33,426
charges
1,
1943—12 Mos—1942
$212,237
„
Maintenance
cess
~r—
after fixed
deficit
Net
Operating revenues
Operation —.
-
Income available for fixed charges———
,
Total fixed charges
for
made
was
retirement of Southeastern
for
^
,,
Kanawha
from the sale last October of the Mahanoy. City Water
The bulk of such funds, however have been applied to the purchase
Co.
these deben¬
p. 261.'
of
purchase
Southeastern
Co.—Earnings-
1943—Month—1942
Period End. Jan. 31—
18
—
•
The
of the amount
any portion
Street Trust Company
State
from
Sierra Pacific Power
;
$13,903
6
income
Miscellaneous
I
-----—
—,—
earnings
20,569
Cr4,999
—i—
*
Equipment and joint facility rents
gas
$85,837.
payment to said trust company on or prior to that date, and will
receive payment of the debentures at par and interest to March 23,
1943 if so delivered to the trust company after March 23, 1943.
The
Shawmut Bank Investment Trust has reserved the right to
RR.—Earnings-
Month of
former
State
from
Water Co.—Acquisition—
&
announces that it has acquired the properties of the
Kanawha Gas & Utilities system consisting of 75 producing
wells located in Lincoln and Putnam counties, W*-Va.
Gross
The company
.
payment of his debentures at par and interest to that date
Street Trust Co. if he has delivered his debentures for
1943,
23,
Indebtedness
pay
this
of
by
bonds has been arranged with three insurance com¬
General Water Gas and Electric Co. will use its proceeds to
to two banks.
'
," Sale
panies.
Southeastern Gas
•
principal of the. undeposited unextended 4J/2% senior debentures
Trust due March 1, 1942 and Interest thereon to March 23,
1943, at which time the accrual of interest is to cease.
The owner of any such 4»/2 % senior debenture will receive on March
the
account
proceeds to retire bonds, notes and open
the General Water Gas & Electric Co.
the
held
indebtedness
Monday,, March 22, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1092
-
an
''
outlay
'
-Notes—
The ICC on
and terminal facilities.
This expansion and improve¬
facilities, together with locomotive purchases, repre¬
of close to $110,000,000 for the 3V2-year period, he
:
.
-
'
•-
-
•
-
-
*
..."
•
'■
March- 2 authorized the-oompany-to issue not
$6,095,566, aggregate face- amount,
,
"exceeding
of promissory notes, in evidence of;
Volume 157
■but not in
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4161
payment for, the unpaid principal
tractS.-r-V, 157,
902.
R.
various equipment
on
1093'
deducting credits for debt retirement and post-war refund aggregating
con-
(Includes
$434,956.
•.»■■■
Southern
Ry.- -Earnings—
Period—
Gross
—V.
'
■
'
earnings,
1942
$3,876,905 $56,727,090 $37,820,814
$6,047,225
—-
'
1943
1942
1943
-
of
157, p. 998.
the
Statement
Southland Loan & Investment Co. (Dallas, Tex.)—Div.
The
10 paid a dividend of 60 cents per
stockholders of record March 9.—V. 141, p. 2905, 2291.
company
Operating
Uncollectible
Operating
Bell
Co.—Earnings—
Telephone
January—
revenues '*
V
$10,712,058
expenses
35,383
6,008,845
$4,138,197
$3,257,528
2,517,730
operating
Operating taxes
$1,473,917
1,103,555
income
——
Interest
revenues
*—*_*—_
_________—_——
income—1_
operating
1—
.
income
—V.
157,
—**,—
823.
p.
.
•"
,
.'
Southwestern Gas & Electric Co.—Voters Defeat Pur¬
chase
Plan—•
debt
A
$600,000 bond issue in connection with the proposal for the city
Gulfport, Miss., to purchase the facilities of Southwestern was
xecently defeated by voters by an unofficial count of 451 to 219.
At
Biloxi, Miss., the ^ame proposal was defeated by a vote of 538 to 70.—
156,
2140.
p.
'
interest
directors
The
.the
Steel
have
stock,
common
declared
payable
dividend
a
April
income
(Revised
last year,
/The
and
on
directors
hereafter
will
of
cents
50
share
per
on
to
also: announced
be
made
on
dividends
that
regular
a
on
the
on
stock I
common
quarterly basis.—V.
156,
2311./
p.
made
>.
Otis
&
Co.
have
sinking
fund
450,000
shares
offered
of
at the
principal
announced
debentures
the
rate of
amount
the
and
of
public offering of $2,250,000 5V2 %
trust certificates representing
of
the
to
the
securities
are
Reconstruction
Corporation,
the company's iron ore properties in
United
Electric
In
foreign
♦Notes
$1,136,218
give
effect
to
output
Gas
for the
Sheet,
loss
Dec.
of
public
utility
operating
companies
in
and
development of
2230.
refin.
31
Stores, Inc.—February
deposits
properties
(Long-term
the
in
companies
$351,694
$400
net
net
the
of
sales
for
furniture
sales for
sales
the month
1942.
/
.
Appliances net
the
sales
for
the
reflect
-
'
for
the
month
same
;v-
two
of
1943,
last
creased
64.447®, while furniture net Sales
approximately'17® loweri—V. 157, p. 902.
ended
for
the
28,
two
1943,
months
.
Berg has been named Vice-President of Winthrop Chem¬
Inc., it was announced on March 13 by Dr. Theodore G.
Mr. Berg is director of special markets and of the industrial
division,of Winthrop Chemical Co.—V. 157, p. 646.
Years—
net
for
1942
normal
inc.
U.
9,811,402
12,289,750
65,358,685
70,535,076
which
taxes-
903,853
charges
82,282
1,127,535
1,613,119
1,242,578
2,279,552
and
expenses
72,663
2,520,526
4,244,652
,_*'
incomplete wells.
on
935,599
62,286
1,784,077
in
expenses
de¬
__—*
719,533,342 695,831,742 675,196,768
Liabilities—
U.
S.
Notes
1940
$440,493
206,500
S.
and
and
advances
Govt—
and
106,000
and
payable
to
8 136 297
—
payable—
4i294i666
—*
contracts
18,122,665
17,262,563
14,003,884
21,952,567
25,957,435
21,263,401
payable
liabilities
((Prov. for Fed.
1941
$721,189
368,900
taxes—
8,146,742
63,945,201
to
—
Accrued
$1,090,979
profit——*—*——
Fed.
advances
amortization,
prepaid
Construction
(James) Talcott, Inc. (& Subs.)—Earnings—
Calendar
1,6~23~793
to
foreign
*
of
ferred
Co.,
Prov.
in
Total
Klumpp.
Operating
and
insurance
Drilling costs
were
William H.
ical
in
discount
process
de¬
,
in
subs,
Prepaid
Bond
Other
"
V
1,640~851
1,564,453
—
—
advances
(at cost)
31,927,600
34,055,418
30,956,892
plant and equipment 368,886,617 366,505,822 365,656,093
cost
*»—**_,,
1,049,351
1,141,129
1,340,984
Deferred charges—
under February,
Feb.
and
operating
HPatents—at
■
months
6,339,607
2,990,250
—
"11 (IProperties,
Appliance
year.
69.367®
80,820,602
11,905,262
.
f$r replacement
operating
not
are
within
/
87,034,408
10,029,455
and
cost
subsids, not consol.
§Companies which are not subs.
$809,677
were
1,042,203
32,943,706
1iEuropean
cos.
$687,880
February,
decrease
a
■
.•
of
64,294,473
3,424,684
40,856,509
countries—
1943—2 Mos.—1942
$422,547
month
68,955,665
86,823,900
prod,
at
receivables
Investments
Sales—
1943—Month—1942
sales
1940
6,102,100
cost——,
supplies,
.♦♦Investments
Bros.
in
2,173,377
_
oil
at
Materials and
totaled
Sterchi
operating
65,768,389
receiv. (net)
short-term securities—
Govt,
of
the
and
loss
investments
on
1941
65,752,679
countries—
merchandise,
adjustment
998.
p.
,
p.
companies
hand-
on
accounts
((Special
Electric
&
S.
and
(Crude
$1,119,380
tax
Co.
system for the week ended March 13,
179,257,000 kwh., as compared with 155,887,000 kwh.
for the
corresponding week last year, an increase of 15.07c.—V. 157,
to
Ontario, Canada.—V. 156,
Balance
States
50,011
481
—
comparative purposes to
surplus in 1942,-
through
Standard
$2,025,000, will be
first mortgage loan of $5,000,000
4%
a
Finance
amount
In
Accounts
*
*;
will
which
company,
used, together with proceeds of
from
The
$1,000 (U. S. dollars) for units comprising $1,000
debentures and voting trust certificates repre¬
senting 200 shares of capital stock.
Proceeds
stock.
common
48,547
banks, in transit and
Sterling Drug Inc.—New Official of Subs—
voting
company's
82,334
——
Cash in
Weekly Output—
Steep Rock Iron Mines, Ltd.—Offering—
.f
expense--——
and
—„————
for
Furniture
holders of record March 25.
Nov. 7, Nov. 30 and Dec. 29,
July 10, Sept, 29 and Dec. 29, 1941.
1
Distributions of like amount were made
for possible
reserve
Consolidated
3,847,108
85,456
interest
on
Propor¬
Assets—
$5,101,955
3,692,603
—
(2)
♦♦After $275,000 post-war credit.
U.
Net
Spring Co.—50-Cent Dividend—
—$4,960,183
-
;■
,
$4,000,000;
non-subsidiary companies operating in foreign countries.
33,000
T_,
-
Period End. Feb. 28—
Standard
v
59,563
—
taxes—
debt—
discount
assumed
Other
1943,
of
V.
taxes)
income
—,u
funded
on
Amort, of
Net
Net'
Net
328,167
—
flProvision for additional
$5,742,242
366,306
170,072
103,909
128,500
income
Federal
Taxes
Net
expenses
t
consolidated,
foreign countries, $2,000,000.
11941
$5,509,413
-
1,783,611
$1,620,467
1,251,713
Gross
-
$9,301,756
revenues-.--,—30,740
——;*—,
6,543,121
operating
adm.
—
than
for
interest
not
1942
1942
1943
,
(other
Provision
and
and
subsidiaries
non-subsidiary
in
1942
dividends
Corporate, fiscal
Legal service
Taxes
Southwestern
Month of
from
European
tionate share of estimated net losses of
Colombian Petroleum Co.
South American Gulf Oil Co. for
1940, $3,700,000; (3) Possible
in 1940 on investments in other
(Company only)
Years Ended Dec. 31—
Income
share to
March
on
Income
of
investments
in
for that year.
company
profits taxes.
addition, State gasoline and Federal excise taxes were paid (or
accrued) to taxing authorities in the amount of
$99,909,544 in 1942,
$120,564,118 in 1941, $102,584,277 in 1940 and
$93,533,242 in 1939.
§As follows: (1) Provision for possible loss in 1940 on
by the company for Federal income or excess
profits taxes for the year,, 1941 as the company claimed deduction for
loss on its investments in Deep Rock Oil Corp. and Deep Rock Oil
and Refining Co, as a result of adjudication in
April, 1941, of the
proceedings for reorganization of Deep Rock Oil Corp. under Section
77B of the
Bankruptcy Act, which loss exceeds the taxable income
-Jan. 1 to March 7
-Week End. March 7
*
'
.
excess
(In
No provision was made
i
9,754*850
7,406*097
inc.,
excess profits
profits taxes—.
undistributed
4,091,030
4,972,487
13,105,352
5,433,485
5,432,135
5,430,232
108,717,174 111,801,380 111,834,697
Deferred income and susp. credits1,744,426
537,974
1,209,349
Dividends
payable Jan. 2
—
Long-term debt
Net
Southwestern Public Service Co.—Notes Called—
There
of
have
$788,000
been
called
serial
of
redemption
due
notes
from
prices plus accrued interest in each
of April
1943
16,
to
as
at
1954
case:
total
following
next,
the
a
vV;v:y
>.y.
-69 serial notes due Dec. 1,
69
serial
notes
due
Dec.
59
serial
notes
due
Dec.
serial
notes
due
Dec.
69
serial
notes
due
69
serial
notes
68
serial
notes
Dec.
1946 at $1,013.40 each;
1947 at $1,006.20 each;
1948 at $1,024.20 each;
due
Dec.
1,
1949 at
due
Dec.
1,
1,
1950 at $1,001.30 each;
1951 at $1,000.00 each;'
serial
notes
due
Dec.
64
serial
notes
due
Dec.
due
Dec.
69
serial
notes
69
serial
notes due June
Payment
called
«&
1952
will
notes
Co.,
be
on
made
after
or
16,
1943
N.
and
the
at
Income
for
State
income
Federal
Net
Gross
(net)
income
Income
Net
Balance
157,
484,065
387,283
;
,v;'
2,204
i
17,650
$327,439
•>
11,315
,103,050
$1,552,821
441
to
9,920
$327,880
458,478
32,229
$1,104,262
161,850
$203,861
-
(& Subs.)—Earnings—
:
•"
V,
1942
1941
Subsidiary Companies—
• ••
"y\ \'
' ■ ' '
'
Operating revenues .——-$106,775,221. $99,070,317
Operation
35,469,303
33,058,417
—
repairs—5,861,931
(other
than
inc.
Provision
for
Federal
for
Federal
Provision
for
Net
State
operating
Minority
and
of
Gross
^
Operating
Interest
of
5,752,141
$31,538,709 $29,752,419
Dr710,817
Dr321,990
$30,827,892 $29,430,429
12,647,182
14,039,743
——
by public—*
undistributed
of
net
$18,180,710 $15,390,686
8,323,814
8,372,235
income
426,904
401,662
22,132
3,702
$9,407,860
612,972
$6,613,087
913,368
$10,020,832
$7,526,455
549,230
640,287
$9,471,602
$6,886,168
—
subsidiary companies-
Standard
Gas
&
Electric
Gas
of Standard
net
funded
debt
Taxes
assumed
Other
interest
&
Electrif Co.
Co.
Net
debt
discount
on
Co.—
103,486
1,153,903
—
and
3,692,603
-
—
1,192,676
acquired
*
85,456
$5,647,637
—
f
'.v.'.
—
t$2,903,593
acquisition and applicable to common stock of.
by Standard Gas and
Electric
in
Co.
1941
approximately $241,000 for the 12
undistributed
Note—Provisions
sidiary
ULess
for
companies for
earnings
Federal
the
year
of
excess
profits
ended Dec.
31,
tax
made
1942
are
by
of
$650,000
in
1942
and
1941,
and
the
stated
sub¬
after
employees'
after
are
of
stock
purchase
of $250,000
reserve
$28,000,000
and interdepartmental profits.
in
1942
in
and
accounts
all
in
1941.
years.
of
reserve
$5,300,000 in
of
reserve
1942
and
1941,
1941
and
$1,300,000 in all years.
agreements
with
certain
U.
S.
and
$21,700,000
in
$7,000,000 in 1940.
.
Government
agencies.
644,103 ' :
HITLess
2,123,650
$1,983,664
»,§§Less
1,449,941
$3,006,060
571,870
33,828
$1,910,727
$2,434,190
$0.40
——***—-—*-
$0.51
share—*
♦On 4,807,144 shares of capital stock.—V.
p.
2046.
i".
Tennessee Central Ry.—To Pledge Bonds—
The
ICC
from
time
security
47®
Feb.
on
to
for
10
time
authorized
to
and
short-term
a
first mortgage
the
including
note
or
to pledge
company
Dec.
notes,
bonds, series A.—V.
1942,
31,
not
157, p.
1944,
'
-
-
and
as
exceeding
903.
;
for
in
1941,
amortization
in
/
amortization and depletion of $356,of
and
$320,884,078
$1,759,660
in
in
1940.
1942, $1,669,955
in
1940.
Additional Shares Authorized For List—
additional
issuance
York Stock Exchange has
shares
in
of
capital
connection
stock
with
the
authorized
$25)
(par
the
listing of 317,552
official
upon
acquisition
of
the
assets
notice
of
of
Indian
Refining Co., making the total number of shares applied for 11,703,805.
The company is
the owner of 1,163,647 shares, or 91.67® of the
1,270,207 shares of outstanding common stock of Indian Refining Co.
.Company made an offer to Indian, dated Jan. 12, 1943, by the terms
which
and
existing
transfer
its
litigation
would
be
settled
and
Indian
would
sell
assets
to the company in exchange for
capital stock
basis which will ultimately result in the common
stockholders of Indian receiving, free and clear of
any liabilities of
Indian, one share of stock of the company for each four shares of
-
the company
of
repledge
collateral
$200,000
$337,866,520
reserve
1941, and $1,497,212
The New
—
"
for depreciation,
reserves
223,201 in
$1,522,291
1,231,916
1942 and $15,000,-
000-in 1941.
>41
72,937
profit
per
91
$721,384
30,364
!
——*—_j
—
((Less U. S. Treasury tax notes Of $15,900,000 in
$1,365',487 t-''-$3,645'941
-
*———_—;
of
on
a
stock of Indian.
common
(Existing litigation has been settled
approved.)—V. 157, p. 999.
and
sale
.
Texas Co. (& Subs.)—Annual
Report—
Consolidated Income Account for
'''/*1942
/
^
;
sales
$
—
income—.
Calendar Years
"1941
$
"1940
$
'
*
Thermoid
<
Period End. Feb. 28—
1939
$
398,895,769 395,993,064 342,810,695 359,065,600
15,478,332
9,350,580
7,449,718
6,246,419
Sales
It
genl.
(exclu,
exps.
of
Amort,
on
of drilling costs
producing wells and
dry
incurred
holes
—
Non-oper.
Bal.
income
(net)
12,933,595
22,207,821
10,106,236
89,756,030
101,510,463
77,724,871
63,745,494
inc.
taxes-
6,826,863
8,293,040
72,038,534
5,347,089
8,251,879
95,103,119
109,762,342
84,551,734
3,010,378
3,010,517
3,170,181
Int. and amort, of disct.
interest
charges-
458,871
368,457
for Fed. ihc.
Prov.
for
23,984,877
26,307,665
3,367,994
6,645,857
6,249,133
5,132,915
tax_*"fl6,215,000
117,000,000
15,830,000
§9,700,000
(8,335,000
2,6~8~5~066
47,149,074
52,069,666
32,744,087
34,306,172
89,073
194,985
1,196,424
contingencies
out
of
Net
profit
the
for
carried
35,060,001
industrial
31,547,662
32,886,807
27,189,500
21,751,988
Shrs.
stk. (par $25)
10,875,626
10,875,800
10,875,994
21,752,278
10,876,139
$3.22
$4.77
$2.90
$3.02
share
Since
Co.
the
the
$2,305,090
month
of
company's
■
$2,035,810
February, 1943,
history.—V. 157,
♦Excluding European subsidiaries.
'
agent, United States Corporation Co., Jersey City; N.' J. '
Register & Transfer Co., Jersey City., N. J.
Organized in
use
1938
under
for
number
a
corporation
which most
of
has
of
TA
years.
had
contract
a
:
•
.
with
the
Dow
Chemical
the
production'of Thiokol products-has been
carried on in the plant of the Dow Chemical Co.
-i
Some of the principal users of the Thiokol products, named in the
prospectus
are:
United
States
Rubber
Co.,
Republic
Rubber i Co.,
Johns-Manville,
DeVilbiss
Co.,
Boston
Woven
Hose
&
Rubber
Co.,
Atlas Mineral Products Co.
The
tires.
51,874,681
21,751,252
per
for
in
1930, the company is believed to be the oldest in the country engaged
exclusively in the making of synthetic rubber.
Its products, known by
trademarked name of Thiokol, are technically known as organic
sulphur
polymers. > Their development has been described' as the opening of
'a new chapter in sulphur chemistry.
Various type? of Thiokol products
are
produced, some of which have been in extensive commercial' and
with
Type
produced
strategic
the
N,
While
I.
been
substitute
as
tensile
strength
and
Thiokol
plants
Corp.,
licensed
de
to
a
only
the
of
in
recapping automobile
having less resistance to
the
fact
other
that
comparatively
it
synthetics,, the
be quickly
equipment of
can
little
subsidiary of Reconstruction Finance Corp.,
produce
Nemours
and
some
is
N
publicity recently
latest product,
known
rubber
rubber
for
requiring
importance.
duPont
in
its
of
for
in
Rubber Reserve
E.
wide-spread
natural
claimed
in
received
development
a
as
lower
than
advantage
has
has
corporation
abrasion
to
paid
Earnings
Registrar,
Thiokol
Dividends
cap.
$1,163,550
sales
month
999.
connection
arising
Drl2,000,000
war
earned surp. acct—
the
any
issue has been oversubscribed.
1,419,365
reserve
that
for
Thiokol Corp. (Del,) —Stock Offered —In the first
public financing of a company engaged solely in the de¬
velopment and production of synthetic rubber, JV G.
517,287
24,747,431
Deductions
Prov.
3,089,496
504,251
24,856,423
Depr. and other amort—
highest
Transfer
int., depr.
depletion and
and exp. on fund. debt.
the
White & Co., Inc., on March 16 offered
93,759 shares of
stock of the corporation at $5 per share.
The
11,875,851
before
and
$1,257,181
announced
was
; '
1943—2 Mos.—1942
common
on
———
Balance
297,406,858 275,033,044 238,238,864 277,899,106
13,335,361
15,866,541
12,088,857
13,561,183
1943—Month—1942
———
•were
p.
deprec. and depletion)
Co.—February Sales at Record—
/
Gross oper. income—
412,374,101 405,343,644 350,260,413 365,312,019
Costs, oper., selling and
Net profit for year—
Profit applic. to min. int.
months ended Dec. 31,
Philadelphia Co., which amount is
required to be retained in surplus by that company pursuant to order
of the Securities and Exchange Commission.
of
debts
1940.
16 Mo. End.
Dpc 31. '49 T)pr<
1942.,
(Includes
7,000,000
719,533,342 695,831,742 675,196,768
bad
$225,994
reserve
(tUnder
50,011
481
——*
period prior to
3,847,108
82,334
48,547
expense,
for
reserves
(Includes
1,201,325
1,140,055
:
>:.|
Depl. and leases forfeited
interest
—
—
Figures shown
$5,227,745
102,780
—;
♦Earnings
Other
income——
Consolidated netincome
subsidiaries
$5,807,652
112,675
Profit
943,600
taxes
2,000,000
7,000,000
(After elimination of intercompany
<
1943—12 Mos.—1942
$475,968
Provision for taxes
1,236,902
income
-1
*
♦After
'
*
investments, general—,——
Income from Lamaque Gold
Mines, Ltd., divs.*
3,914,600
foreign
charges of Stand. Gas & Elec.
on
A
profit
Miscellaneous
———
Amortiz.
Total
157, p. 999.
Income from
Net
taxes——
2,150,896
677,782
608,215
6,325,133
271,890,650 271,895,000 271,899,850
69,869,916
69,882,244
69,887,091
167,848,345 152,955,095 127,747,630
i_
was
§Less
Of bullion
costs
7,238,988
1,812,300
income
income
taxes
Income
1941
value
Operating
8,521,174
.***;——;
net
Consolidated
and
-j,U
Federal
Total
'•'For
"V
'
■''
8,277,917
7,697,950
profits
—
of
surplus
Vice-
a
which
12 Mo. End.
■/-''•*
profits taxes)
taxes-—-
exc.
capital stocks held
on
income
Exp. &
Earned
is
Barnard-Phillips
of
i_—
surplus
♦♦Less
11,991,278
——
interests in
♦Undistributed
.
1938.—V.
He
of
business
16,084,053
2,106,654
19,000,000
'
expenses
Balance
the
111,945
(Taxes
—
Dividends
director.
a
President
1917,
1943—Month—1942
—
12,777,909
income-
deductions
Balance
Other
and
income
excess
income
Gross
and
in
$548,779
—
accruals
reserve
res.
income
Income
elected
Inc.,
15,621,467
fluctuations—*
minority interests
Capital stock (par $25)
157, p. 903.
—
and
Provision
.
been
founded
15,647,684
contingencies
Capital
,
Approp. for retirement, deprec. and deplet.
Other
he
under
Capital stock and surplus of a subsidiary
company
applicable
to
of
Years Ended Dec. 31—
Maintenance
„
has
Talcott,
which
benefits
v
Teck-Hughes Gold Mines, Ltd.—Earnings—
'
$942,412
•<Exclusive of Pittsburgh Rys., in process of reorganization, and subsid.
and other street railway subsidiaries of
Philadelphia Co.)
Taxes
James
revenues
income
—V.
•
Standard Gas & Electric Co.
•
Ernstein
of
Inc.,
For
—
employees' plans
For foreign exch.
For
V
■
902.
p.
."
the board
'
Period Ended Jan. 31—
$1,562,740
91,790
**,
common———
:•
.
1942,
of
Gross income after retire¬
202,353
6Vt'fc cumul. pref. stock-
applicable
transfer
,,
Operating
1,821.307
$236,090
on
the
Read
5 Mos.
80,917
——_
the
-
Reserves
$4,562,193
profits taxes——
—_
dividends
of
Dillon
37,251
107,350
„——
income
Accrued
of
386,560
—
deductions
directed
Tampa Electric Co.—Earnings—
■£
V
$0.79
$600,000 in 1940.
$959,370
taxes)——
excess
$334,493
$1.31
acquired by James Talcott, Inc., in
ment
operating income—
Other income
—V.
and
Vs,
Net
taxes—L*
income
/•
;:
Month
retirements-
has
Benjamin
Factors,
Statement
——
$514,689
New Director—
President
^
surrender
office
$722,079
'
Y,
Operating revenues
rOperating expense **■—-*—*.
"Maintenance
(other than income
directors
,V
$1,000.00 each;
at $1,000.00 each; and
York,
Consolidated
Taxes
" :
at
presentation
upon
April
com.
.
/
♦.
$1,014.30 each;
Period End. Jan. 31,1943—
Provision
of
1, 1953
1, 1954 at $1,000.00 each..
28 Nassau Street, New
of
stock—$1.84
*
-
sh.
.
1,
1,
1,
69
.
at $1,013.60 each;
1944 at $1,017.80 each;
1945 at $1,016.90 each;
serial notes due Dec. 1,
59
55
,
1943
1,
*„_:
per
♦On 322,056 shares of common stock
outstanding.
Note—From the net profit of $722,079 for the year
$140,000 to a special con¬
tingency reserve for possible future losses that may result from war¬
time and post-war conditions, and the balance has been
transferred to
surplus.-
■
,
profit
"■Earnings
for
&
Type
Co.
to
"N"
and
has
manufacture
in
the
turn
permitted
product.
It
is
then
the
outstanding
68,000
shares
par)
(no
common,
on
basis
a
of
for one.
The present offering is part of 102,000 shares
authorized stock.
Upon completion, of the present financing the capitalization of the
company
will consist of 500,000 shares authorized and 306,000 out¬
standing shares.
Proceeds from the sale will be used to increase the
The
newly
working
company's
the
basis
of
reason
By
of
and
oil
to
reported
Thiokol
its
$119,412,
well
as
to light, sunshine, ozone and
as
superior
are
to
•
for
rubber
natural
in its prospectus.
company's products are sold
many
with other chemicals
material for
raw
as
other
A
solvent
resisting hose, the prospectus states.
production is going almost entirely to war
Present
fuel
to
1941,
be
of
Production
amounting
for
Thiokol
pounds
815,000
products
UP rapidly in 1942,
2,440,000 pounds in
pounds in 1939,—V. 157,
575,000
903.
p.
of
sale
Co;
Transcontinental & Western Air, Inc.—-New Records—
carried
to
times
three
December,
1942,
Feb. 25, this corporation
much express and twice as much mail in
December, 1941, in addition to transporting
announcement
an
as
in
as
made
electric
Hampshire
New
filed March 10 with the SEC.
which would be followed by the
Electric
the
into
series
of
to be taken by
and the three subsidiaries.
,
.
for
157,
1942.—V.
and
155,
dividend
a
Executive Vice-President,
Talman,
present
work
and
fleet
as
a
required
do nearly twice as much
each plane
that
ago.
year
75
cents
pound miles—__
miles
plane miles
passenger miles
1941
pound
Revenue
—v.
157,
—
.
47.
p.
1.823,831,000
4,979,051,000
19,664,811
202,483,452
4,822.054,000
7,677,601.000
16,830,670
201,783,686
express
mail
Revenue
by
Traffic
Episcopal
Methodist
Youngstown,
Church,
Offered—B. C. Ziegler & Co., West Bend,
Ohio—Bonds
Wis., are offering $150,000 1st mtge. 3-3y4-31/2-3%% se¬
rial bonds at prices ranging from 100.25 to 101 and in¬
terest.
■■■}'y
■';
■
Dated Jan.
1,
1943, due serially Sept.
I-/// /'.;y/'\'y I:
1943-Sept. 1, 1954.
Defini¬
of $1,000, $500 and $100,
1,
will be in coupon form in denom.
tive bonds
to principal at
corporate trustee.
West
Bend, Wis.,
and int. payable in lawful
money of the United States of America.
Louis Kuehlthau, West Bend,
Wis., co-trustee.
Red. at option of corporation and upon not less than
30 days' notice on any int. date by payment of prin., accrued int. and
registerable
National
Bank.
premium of 1% of such redemption be effected on or prior to Sept.
1948; and at par and' int. if such redemption be effected after
a
1,
Sept.
the
1,
1948.
Sept.
shall
•
First
office of
Principal
as
Corporation
1954
1,
not
redeem annually $10,000
may
maturity
at
and
par
accrued
be
cumulative, such redemption to
either interest payment dates in any year.
int.,
of bonds of
which
effected
be
pi-ivilege
both
on
or
Purpose—Net
proceeds together with other funds of the corporation
will be used to retire a temporary loan in the amount of $80,000 made
to defray building construction costs and to pay the balance due the
-several
contractors
connection
Episcopal
and
furnished
materials
construction
offic^
and
building
and
performed
furnishing
and
of
rebuilding
the
work
Methodist
and
direct
other
closed
property
first
mortgage
having
total
a
the
on
estate,
real
appraised
value
of
build¬
$706,564.
Triumph Explosives, Inc.—May Resume DividendsBenjamin F.
letter
The
Pepper, President of the corporation,
stockholders, said in substance:
the
to
possession
and
operation
of
plant
at
According
revenue
month
same
estimated
to
a
announced
in
respect
which
secured
bonds
was
Canada, on and after March 8,
Onfc.,
Where
be
such
interest
to
made
the
U.
Oct.
13,
been
President.
After
with
the
election
Feb.
on
hands
taken
was
of
the
of
over
the
by
Navy
present
arrangements
23,
Department
the executive
board
order
directors
of
immediately
were
the
by
made
settlement
The
into
possession
benefit
of
all
the
Navy,
prices
of
the
date
factured
in
its
of
the
gives
plant
again
company
Goods
Raw
the
remained
materials
the
by
took
interval,
in
force
products
and
Navy
the
the
are
With
over.
without
manufactured
same
to
respect
contract
interruption,
price
is
as
those
The
corporation
assumed
responsibility
subject
incurred by the Navy
the compensation and
expenses
including
to
agreement
delivered
and
Department
during
its operation,
the Naval Officer in
expenses in
connection with
expenses
of
and his staff and other direct
operation.
The Navy is to turn over to the corporation the money
charge
the
that
it
has
hand
on
within
settled
be
materials
as
30
result of
a
days
unless
its
the
operation
time
is
and
accounts
extended
by
are
It
of
the
terms
of
the settlment
agreement
that
cor¬
has no effect whatever on the statute which provides
fof
the
renegotiation
of Government contracts where profits are
deemed to be excessive, but that is a matter which will have to be
considered
The
operating
with
those
in
the
profits
facilities
financed
in
the
financed
by
the
interval
in
large
company,
of
puts
produced
the Government as well as
the corporation in at least as
a
Truax-Traer
Coal Co.
Period End. Jan. 31—
(&
Subs)—Earnings—
1943—3 Mos.—1942
1943—9 Mos.—1942
Corp.
annual
meeting held
reelected
The
electrie
Other
13,
kwh.,
V.
Co.
1943,
p.
over
to
Slate
and
both
dividend
a
payable
1942
of
five
March
were
as
cents
31
to
an
per
holders
follows:
.
notes
31
of
and June
Sept. 30, 14 cents, and Dec. 31, 26 cents.—V. 156, p.
United
Light
Power
&
Co.—To
The
plan
in
is
1942,
•
«
the
in
'
1942
,
1941
ss
notes
29,135,931
9,179,040
649,864
39,647,730
34,941,778
5,899,050
4,242,576
26,126,081
26,213,075
receivable-i——
„a__y.——--
of manufacture.——
deferred
s
•.
_
11,440,677
8,302,049
37,242,287
yyyy-iyi——-y
38.515,291
3,318,585
.
3,635,244
4,413,000
1,780,728
47,511,075
47,799,071
,
18,873,006
281,221
assets
,1,321,056
.-I——i———i.—
payable
under Government
1,155,594
17,646,993
contract—-—
3,700,000
9,501,156
23,842,511
8,363,808
.7,433,658
34,563,000
37,947,000
.1,64% 000
1,723,025
liabilities%yy%-yi.-__'_u._.—
bonds,
due .July
A,
31,488,750
23,549,237
taxes
accrued
1, 1958_i
losses——i——a—j-„—
for
insurance——y
for
pensions———1——
reserves------yi.y-'—
stock
489,304
597,281
($100
4.113,951
4.463.721
.
preferred stock
414,598
418,671
,
part
65,109,100
65,109,100
17,390,920
11,626,889
17,390,920
i,„-
($10
.surplus
1,400,000
.
stock & surp. ef sub. cos.
cap.
non-cumulative
20.590,395
17,160.706
par)—————
surplus
—
y_y—y__i!.——yy..
12,486,863
Total
,
10
♦Including
26,000 shares of U. S. Rubber
purchased in 1941 for bonus distribution
cost)
ket
value, $439,602 for; 1941, $526,135 for
tFrom
customers,
less
for
reserve
1941. $1,843,723 in 19421.'•
$Less reserves ($92,069 in
y
.
Co.
in
doubtful
y".-«
.
stock
common
January, 1942
(at
(mar¬
\
1940).-
accounts
j$l,982,886 ip
y, •
/:.,y
■'
1941, $122,547 In 1942).'
y
;
?After depreciation of $97,563,190 in 1942 and $93,175,190 in 1941.
*1 After depreciation and amortization of $18,120,284 in 1941.-*
'
%
Leases
.
1
The
Hupp Space—
house
power
expansion was'made
verted.
the
V
;
r
leasing of
four
Company,
Detroit.
buildings
The
according to Emmet Sheahan, Assistant
15
Hupp. Motor
necessary,
y
plant
for
U.
of
the. Hupp
space
v;%.I-'.'1 "
y
•
when
S.
Much
program.
/
The
unit
„
of rthe
President, because of tremendous increases in the rubber firm's
production
war
■
announced on March
company
the
and
United
In
the
surface
,
converted
fully
Rubber's
(
•-;1
States
Oswego,
will
become
output.—V.157y p.
war
a
has
'*
major
been
con¬
,
.
production
903.
Steel
.
,
'
,
N.
condenser
nation,
yby
share
cents
12
each;
1247.
Dissolve
Top
discloses
new
Well
Supply Co.;
ocean-goin% tanker was
a
>
big 28-ton
completed
ip
bringing
•
Marinship,
% *
y
condenser to its desti-the sea-going: days of another vessel built
California yard operated by W. "A. Bechtel
nearer
the
big
'v
;
boilers
turning out steam
in
used
extensively In
its facilities a year ago to
•manufacture condensers, vital to efficient and safe operation 'of ships
drilling,
plant- converted
the
being built for the U. S. Maritime Commission.
y
J.
is
It
stockholders
United-
that
announced
States
Steel
Corporation
20,
1943,
Nov.
■
common
numbered
On
.
I
I.
' r
Number of Stockholders—
'
-
-
per
a
Oil
of
& Co.
;
j
plant
Y.,
for
Corp.—Another Record—
just 19-days, it was announced on March"112.
A special freight train-is now speedirig the
•oil. well
,'
cents
30,
its annual report to stockholders,
215,465,119 224,704,459
————————————
"
20,
163,244, a decrease
1942, -there were 163,534
1942. "
' .
United-States Steel Corporation
preferred stockholders of record
)Jan. 29, 1943, totaled -70,764, an increase of 654 since Oct.' 30, 1942.
tOn Oct. 30, 1942, there were 70,110 preferred stockholders, an increase
-of 327 since July 31, 1942.—V. 157, p. 904.
j of
of
since
290
'common
record
Nov.
Feb.
on
20,' 1942.-
stockholders,
a
decrease of 215 sinee Aug. 20,
,
,
Sub¬
Universal Laboratories, Inc.- -Proposed New NameSee
company
1939.
/■
,
31
.
war
>
sidiary—;
definite
Dec.
receivable.—'-—--i
and
—
Capital
.
share on, the capital stock, par $1,
of record March 15. -Distributions
March
other
securities
and
Earned
system companies for the week
kwh., an increase of
corresponding period of 1942,—
dividend
in
in
$5,570,691
14,996,319
Minority, int. in
130,555,153
extra
Sheet,
General
.
Fund—Extra Distribution—
declared
Balance
Reserve
•
United Income
to
for
Reelected—
,"f
The directors have
and $8,189,578
Reserve
Co.—Weekly Output—
the
1940
amounts
215,465,119 224,704,459
series
15.- Pay¬
June 30,
.
amounted
16.9%,
or
'Nil
156, p. 1062.
999.
157,
Vadsco
Sales
below. :
Corp.
that a
being formulated for complete liquidation of
Light & Traction Co.> principal subsidiary of United Light.
Meanwhile, United Light is waiting for the SEC to act on the
company's plan for dissolution which has been, pending since July!
Early action Is expected.
Dissolution would be accomplished by dis¬
tribution of United Light & Rys. Co. common stock to United Light &
Power preferred and common stockholders.
•
-
now
Universal Pictures Co., Inc.—Earnings—
American
.
Earnings
after
during
accumulations
157,
p.
1942
income
Federal
applicable to the 19% interest Truax-Traer held prior to Jan. 1, 1943.
&
tax
Reserve
March 17;
Young
$8,451,972 in
income
,First mortgage and collateral trust 3%%
this corporation won all contested points
on
Arthur
output for the U. G. I.
March
18,873,529
V.
net
and
United Gas Improvement
profit
$319,618
$350,165
*$685,302
$791,266
tEarnings per
share..$0.66
$0.72
$1.40
$1.61
♦After charges including Federal income and excess profits taxes.
tOn 477,650 shares of common stock outstanding, after giving effect
to stock issued in connection with the acquisition of Central Barge Co.
as of Jan.
1, 1943.
^Including only the earnings of Central Barge Co.
♦Consol.
(Del.)—Management
2,405,757
V
$3.58
\
23,549,258
Formerly engaged
the Navy's occupancy,
part by
position as it would have been had the seizure not occurred.
The audits in progress are not yet completed.
As soon as they are
completed the directors will be in better position to determine the
financial position of the company
and act upon the question of
resumption of dividends.
A further report will be made when the
audits are completed.—V. 157, p. 903.
good
the
during
future.
board of directors were unanimously of opinion that the agree¬
on
the part of the Navy allowing the company to retain the
cents;
10
.
of course,
ment,
31,
6,216,513
$4.86
assets——£—II
and
Advance
>
.
The seven present directors
was
reappointed auditors.
Randolph Phillips, who led the opposition,., did not attend the meeting,
as
he is now in the Army.
The directors will meet on March 25.—
V. 157, p. 735.
" ' - t
j
.
>
mutual
the
poration should release the Government and its officers from liability
by reasftn of the seizure, possession or operation of the plant and the
Navy Department released any claim that it might have for manage¬
ment fees or expenses other than those directly incurred.
The settle¬
ment
at
ended
one
was
United
The present management of
to
agreement.
March
follows:
as
cents; Sept. 30, 20 cents, and Dec, 31, 21 cents.—V.
were
for
were
1941,
and
process
;.;4-c'crued
•
manu¬
between the Navy and the corporation.
year
5,017,701
.
$1.82
Liabilities-
share has been declared on the capital
ments
last
5,776,647
,V ■: ' % ' %,v
;' y./
■ ■
y
Ci_'—_ ,1%—y
y-—- A—% i.%_ ly
goods
in
tor the
9-Cent Dividend—
are
12
7,813,092
!-•
materials
Common
the
and
_
Accounts
of
per
10,218,849
: 5,208,728
Total
owning, upon presentation of the respective bonds in order
may be made thereon of the amount so paid for
dividend of nine cents
11,425,241
5,208,728
•
.
stock, par $1, payable March 31 to holders of record March
during the
in effect at
articles
new
A
13,662,658
3.436,229
Federal
accounts
Prepaid
interest, following which the bonds will be returned.—V*lS6,p...l511. >
the
company
during the operation of the plant by
contracts existing at the date of seizure
364,562
8,381,011
Supplies. —y_y—ill,—Li——
Miscellaneous investments at cost or lower-y_'_
%Net properties, plants and equipment—-11 Net plantations properties, plants & equipment
Properties not required for operations (net)
;
1943.
United Bond Fund—To Pay
98,079-
Treasury tax anticipation notes/series A
B, 1943-
lOther
represented by coupons payment thereof
the bonds in respect of which such
not
for
receivables
S.
and
endorsement
that
comes
made
Navy
the
which
under
operation
have
to
of operation
period
the
and
profits
Government
considered
contract
agreement
is
holder
88,514
>
2,604,364
$8,649,919 in
♦Marketable
'
the
to
surplus-
^
.
holder
interest
made
be
interest is
28.
Navy Department for the return of the plant.
By Presi¬
dential order the plant was returned to the company at midnight on
such
Where
will
10,583,411
on
for cancellation.-
same
since
of
the
Feb.
it
the
stockholders
the
in
when
1942,
39,944
•
share—"—
per
'tAccounts
-
has
Maryland,
-11,523,319
transferred
dividends
Finished
represented by
coupons payment
thereof
of such coupons upon surrender of the
is
2,759, 417
ap¬
dividends
Cash" y'-_
Cash,
due
became
by'mortgage
9,764,613
Consolidated
'
year
interest
the
that
of
•
-6,534,593
minority
earned
Assets—
,;y.
figures
Co., Ltd.—Interest Payment—
13,342,828
•
$3*889,083 in ,1940, $2,379,862 in 1939.
•
;y
tlncludes adjustments due'to foreign exchange fluctuations
amount of $135,490 in 1940 and $821,513 In 1939;
on March 8,
the Ste: Claire
Apartments, Windsor, Qnt., Canada, and which has not heretofore
been paid by United Bond Co., Ltd., as guarantor, will be paid in
Canadian
funds,
together with accrued simple interest thereon- to
March 8, 1943, at the rate of 5%
per annum, at the'office of The
London & Western Trusts Co., Ltd., 120 London St., West, Windsor,
is
It
1931,
to
inc.
1942,
8%
United Bond
4,157,977
'%
9,131,431
$6,349,156 in 1941,
in Feb¬
miles
7.442,432
a
earnings
tProvision
•
Iy::,y:
;
passenger
18,496,393
Federal
Surplus
in
,
Business—,,;
more
34,047,216
y;' —438,470
♦Including depreciation of active plants and plantations of $7,694,766
cargo
.
a
Elkton,
yy
ago, the corporation announced.
released by Harold- Crary, VicePresident in charge of traffic, United's Mainliners recorded 22,274,800
revenue
passenger miles last month against 16,377,368 in February,
1942.
'• y"
' VV'/
V ~-'-J
This passenger gain, simultaneous with sharp increases in mail and
express,
was
accomplished in spite of a 13%
decrease in revenue
airplane miles flown—a decrease attributable to the turning over of
a
number
of
airplanes to the Government for military
purposes.
Airplane miles flown by United last month totaled 1,578,340 as against
1,816,174 in February, 1942."...
In February United showed increases of 31%- in express pound miles
and
92%
in mail pound miles as compared with the same month
of
1942.
According to estimated figures released by C. P. Graddick,
director, of
the
company's air cargo department," United's
express
pound miles totaled 540,738.000 as against 413.932,147 for the same
month a
year ago,
while mail pound miles totaled 1,455,509,000 as
against 759,853,871 for the corresponding month of last year./
?, •
United
currently isy carrying 30%
of the. nation's domestic air
express and 33% of the nation's air mail, Mr. Graddick said.—V,. 157,
p. 735,
\
:
'C 'V'.'V y'
'
than in the
ruary
will
company's
the
in
March 3,
on
36%
flew
Lines
in
parish
new
Trinity
Church,
Security—A
ings
who
the
with
chapel
house,
Gains—February
Air
35,508,778
former
1,400,000
to
Ac¬
it
1,681, 265
13,751,172
Earnings
when
*1.457, 20k
1,526,595
8,420,955
%
,
United
Trinity
air
*547,405
1,450,254
prov.
bldg.
for
Preferred
American
an
711,862
1,332,369
15,487,414
Net
City
Gordon Barry,
originally as
;; -731,136
<
lossesyy
Common
Mineras
16,481, 301
15,521,387
'
flyer who established Lineas
service to inland mining
properties.
"■ "V1.*.
*'
The United
corporation has an option to purchase 75%
of the
capital stock of L. A. M.
Exercise of the option by United is subject
to approval of the Civil Aeronautics Board.*;
'
V :'%%%
y:
v
Mexican
organized
"20,570,383
19,409,532
ii1"
'.'ti
'
'K-ints. in subs.-___i_'y_
per
and from Monterey to Torreon.
airline has been operating since
1931
of
office
Equity, in
plicable
A.
Mexico
to
Aereas
1942
Air
Laredo
by W.
959,914
36,209,332
Net inc. for the period
Patterson, President of the United corporation,.
Operating -1,700 route miles within Mexico, Lineas Aereas Mineras
maintains scheduled passenger and cargo, service .from Nogales, and
Juarez on
the Mexican-U. S.
boundary to Mexico City, and from
Torreon to
Mazatlan.
In addition,
it has an air certificate from
16
The
regularly scheduled commercial
operations for the years 1942 and 1941 are as follows;
Air
controlling
sale
.
this corporation to Lineas Aereas .Mineras
has given
the transport company an option to acquire
interest of the Mexican
airline,. it was announced on
Mexico
of
1,160,851
37,572,283
adjustments-is
-
on
%
"1939
*
-
recent $250,000 loan by
A
and
Years
1940
a-.
34,756,575
1,452,757
indebt.y
»V;
inc. before
yy profits taxes
Prov, for war -
2101.
p.
Payments
and Dec.
>
1,171,196
and foreign inc. tax-a
Prov. for Federal excess
quire Controlling Interest in Mexican Airline—
■
data cn the company's
Comparative
of the total capacity of the
this traffic utilized 89.5%
movement of
The
w
Commission on Feb. 10.—
.•/ '
of
23.
$2.50;
28,
Calendar
for
,1941
y.
36,401,087
y
„
■
tProvision
•
share on
the common stock,
par $5,
payable March 30 to holders of record
March 25.
Quarterly distributions of $1 each were made during 1941
declared
March
Nov.
228,988,780 195,310,847
231,170,391 '245,920,800 178,574,233 15u,5b0;b70v"
26,442,790 .--34,667,954 -•31,005,016
29,228,790
exp.'
credits,,.,.
funded
general
Co.—Smaller Dividend—
Drill
have
record
•
taxes,
gen.
income
."y-,
Net
,
.
.
directors
j.942
from opers.:,:—•
on
Loss
similar
174.
p.
,
allowances 294,014,268 315,345,328
income
!\
Public
,
•
Account
Income
re-
Other income charges—
Int;
•v
New England
of
27,' $1.25;
<
ex-
goodsisold
Total
merger of Twin State
Public Service Corp., was
Vermont
Central
sales:
&
of
Profit
.
proposed
steps
providing
plan
March
stated that this increased
voiume of business in December, 1942, was handled with approximately
half the number of planes operated in December of the previous year.
Lee
E.
♦Cost
for
was
a
The
on
passenger'traffic.
capacity
and
,-transp.
,
of its electric and gas
properties in.. Maine, to
$4,048,977:, in. cash,
company
its
and
of
after; all;
discounts,
Sell., admin. &
•
United Air Lines Transport Corp—Has Option to
According
else
CO.—Proposes Merger—
the
by
Hampshire
Union Twist
share has
per
sales,
turns,
156, p. 2231.
40 cents.—V.
1,
cents
40
the
for
Electric
&
transaction approved by the New York P. S.
Distribution—
Co.—40-Cent
been declared on the common
stock, payable April 1 to holders of record March 22.
A similar dis¬
tribution
was
made on Jan. 2, 1943,
payments last year were as
follows: Jan. 2, 50 cents; April 1, 40 cents; July 1, 50 cents; and Oct.
dividend
*
351.
p.
Consolidated
Net
transactions, filed - several months ago
by the same companies was withdrawn on March 3, except., for a.
$20,000,000 refunding program by Public Service of New, Hampshire.
Twin State has already arranged the sale of its electric properties in
New York State to New York Power and Light Corp. for $183,863, a
A
>
Gas
New
sale,
&
of
V.
Torrington
A
on
holders
to
31
follows:" Oct.
as
157,
United States Rubber Cor (& Subs.)—Annual Report—
share on
per-
1, 1941, to and including Nov. 2, 1942.
<■„
declared the usual .quarterly, dividend, of
the 7%
cumulative preferred stock, par $100,
Service
Service Co.
stepped
was
and
1940
in
The
one
uses;
pounds as compared with
plan
in
Public
Gas
secrets.
military
considered
4,380,000
to
$1
dividend of
addition,
in
State
adjusted,
airplane
of oil and gasoline hose for Army and
the Army Air Corps, etc.
Other war
types
tanks
storage
said
are
uses
various
hose,
refueling
Navy,
per
share
per
new
the
company's products were used for various purposes
spray
$1
directors,
business
fabricators.
by
a
payable out of 1943 earnings, and an
share on the class. A stock from 1942
stock
A
of
Twin
in con¬
use
kets,
the
declared
15
March
were
year
$1.25.—V.
Other
Previous to the war,
such as painthose, gaskets and packings, tank linings, newspaper press blan¬
printers rolls, gasoline service station hose and fuel oil and
junction
class
$1.75
*
<
last
Class A Dividend—
Corp.—Extra
March
on
payable April 1 to holders of record March 20.—V. 157, p. 903.
exposure
aromatics,
uses, the
,
•value,-payable
year,
28,
Chatilion
directors
The
,
under
last
$350,000
each quarter from Feb.
cents a share
to 59
equal
outstanding shares.
resistance to deterioration
against
$746,332
totaled
31,
additional
earnings,
both payable April 1 to holders of record March 20.
A distribution
of. $1 per share was also made on this issue on Jan. .2, last, and
the
Federal taxes of
before
states
company
The
income
larger
solvents,
products
of
net
a
204,000
net
Jan.
Monday, : March 22, 1943
647.
p.
dividend
capital.
company
and after taxes
$381,760
on
the
1942
For
157,
Tubize
shares
three
ended
months
—V.
income and excess profits taxes for nine
for Federal
Note—Proviion
expected that Thiokol Corp. will not profit to any considerable amount
this source during the war period.
In
February
last Thiokol
Corp.
was
recapitalized
through
the
issuance of 204,000 shares ($1
par) common stock in exchange for
from
of
& FINANCIAL CHRONICLE
THE COMMERCIAL
1094
for
taxes.
■
profit after all charges but beFederal taxes—
fore provision for
Net
after
Federal
profits
cess
Feb. 1/41
,
$1,518,315
1,135,763
'*845,941
$703,795
ex¬
taxes.—————
553,795
...
the parent company only was $1,199,247,
This compared with $930,813 in 1941.—
♦Also
provision
after
subsidiaries.—V.
157,
p.
$231,818
1000.
of
Products
Universal
A
and
income
$2,152,163
for
write-off equities
in
foreign
175.
United
Pay $1
Jan. 30,'43 Jan. 31/42
13 Weeks .Ended—
Net
States
on
&
International
Securities
Corp.—To
Account of Arrearage^ of Dividends—
dividend
of
on
$1
the
per
$5
share has been
cumulative first
declared
preferred
on
dividend
value
account
stock,
A
no
common
of
40
cents
Co., Inc.—40-Cent Dividend—
per
share has
stock, payable March 31
""of
Payments last year were
par
Sept, 3Q,
as
been declared on the no par
to holders of record March 23.
follows: March 31, 25 cents; June 30 and
40 cents each; and Dec, 22, 95 cents.—V. 156, p. 2143.
'
Volume
157VNumber
1
4161
Utah Ry.-^Earnings—
*'•
*
-
1943
r
-
■j
■
%:'
•
•*<
1941-
$126 (209
$89,880
railway—12—35,235
34,788
Net/'ry; oper. fincdWe.—"" »♦'
18,234^ 16,430
•—V.'157,.p. 559. •. "
""
1940
24,574
Net
"
railWay.L™.';
froin
\
,
$131,818
Y
from
Y
directors
The
••
share
$119,243"
,
Ward Baking Co.—65-Cent Preferred Dividend—
*
.
"
1942
January—.
Gross
THE COMMERCIAL & FINANCIAL CHRONICLE
.
35,074
12,468
15,067 ■'
a
stock,
compares
$50,
par
1942,
March
on
of
account
on
payable April 1 to
$1.20 paid on Dec.
with
dividend
a
the
on
holders
28,
the first payments since Oct. 2,
will
to
declared
4
accumulations
1G95
$7
of
of
65
cents
cumulative
record
per
preferred
March
17.
last, and 50 cents on
1939.—V. 157, p. 736.
consist
is
third
'
March
on
March
set
10
hearings
for
24
on' the
capital stock.—V. 144, p. 296.
*" ;
'
;*'?
•
.
Shipments
proposed
during
from
patch
in
November
and
December
months
two
Cleveland,
during January
in
which
O.,
and
and
its
at
February
lor
months."—V.
six
over
provide
also
Tuesday in
A
.special
meeting
of
preferred
higher
a
level
history,
according
states:
"Despite
further
156,
2144.
p.
to
than
dis¬
a
this
peak
For
'
the
The
-
to
Universal
Under:, the
preferred
is
merger
the
Vadsco
effect
to
elimination
of
the
dividend
of
and
will
to
Vadsco
of
the
of
Universal
for
'■
of "
issue
—V.
of common
stock,
which
of
207,391
be outstanding.
<Upon the approval of the merger, there will be declared a full year's
dividend on the new preferred stock for 1943, in the amount of $2.50
.
.
share/ Each share of
will
preferred
new
be
Will
be
made
the
to
Exchange.
York
New
Stock
convertible for
558,665
Electric,
for
the
revenues--,
758,131
668,193
754,498
762,185
common
and
Chicago
An
apparatus
1,759
2,13--—-——
other
and
113,627
$2,036,494
879,332
%™_i,
Corporation
..
and
Wholly-Owned
'
.
Stock
Other
deductions..™™
820,960
,™™_____
1
™_—_
$1,230,744
11942
from
operation....—
1942
1941
Net;, sales.^^^2^—$2,783,843 ;
Profit, before
tax—
——™——
7.
254,608
Profit after full provision
<
l'or Fed.
income taxi
income
11941
Di\ idends
report ' further states, that during 1942,
the company
to certain departments of the United States government,:
and, under the War Profits Control Act, the prices received may be
subject to renegotiation and reduction, if deemed
to
be
excessive.
However, in the opinion of the management, the profits derived from
contracts
were"
reasonable,
1,992,637
133.456
143,103
ry.
Van
The
$1,433,041
"the
have
declared
dividend
a
of
25
cents
per. share
,-.7
.
income
435,027
stock, par $1, payable April 1 to holders of record March
Payments last year were as follows: March 30;*40 cents; Oct;' 1,
Dec. 23, a special of 50 cents.
•:
:
,
25
cents;5 and
The
.
also
directors
share
•per
and
the
on
July
—V.
156,
1
declared
$4
regular quarterly
stock, no par value,
preferred
holders
to
of
record
1872.
p.
two
March
Y
22
and
dividends
payable
June
••
v..
21,
579,212
Months
iSales,
Cost
and
$1
:
:
and
April
1
less
Ended
■" r,
returns, .etc.—j—'.
Dec.
discounts;
31—
.
1942:,.,
•/:
.
..
$7,828,778
and
income
than
selling expenses..,
- v
i
La
taxes
-
Sheet,
$3.19
Nov, 30,
$2,239,994
Other
income
Total
'Other
_™:
.income
—_™a™'—_——™—aL—....I
charges
Depreciation
Provision
for
Provision
Pennsylvania
for
income
Federal normal,
tax.-i.™^.™
23,710
Net;, profit
—™™_:
...
share
per
499,308
on
Consolidated
: *
shares..——i_
Balance Sheet,
'
Dec.
397,081
•
total,
^
$2,744,198;
(210.000
investment
certificates,
$168,600;
Net
ry.
railway..™
railway™——
■
income™.
V. 157, p. 560.
<
Aircraft
Consolidated
The
,
lack
RR.—Dividend
Interstate
of
Commission
issue
Wabash
on
The
r
Commerce
jurisdiction
RR.
a
Showing
an
deferring
Walter.
G;
sold
common
at
12
payment
$12.75.
a
share
.
refund
reasonable
.
the
Wabash
value
.Commission
common
to
and
the
order
stock
until
of
reduction
of
67%
dismissed
of
that
of
purchase
the
funded
price..
a
asked
Abandonment-ICC
The
on
Feb.
4
to
from
Counties,
Ind.;
that
,
the
company's
(2)
the
branch
;
for
extending
miles,
of
railroad
southerly to Sullivan, approximately
-Piatt and Moultrie Counties, 111.— V. 157, p. 904.
•
.
it
intended
23.16
the
comnxon
Distribut'ons
Oct.
1.
10
stock,
last
cents
declared
payable
year
each;
were
and
a
Apr T 1
as
to
follows:
Dec.
"p. 2232,
30,
a
28,
net
of. 15
to
record
via
stock
of
139,
15
and
cents
March
on
the
on
10.
in
in
at
at
Air
San
8
the
final
A
a
"All
and
<
•
stock
William
"in
and
order
A.
and
500,000
in
holders
April
of record
share
March
1.
20
cents;
year-end
of
20. cents.—V.
,
.
July
1
,
on
Service
in
the
it
./
if not
sooner."—V.
22.
1942,
1941,
156
The
•
laws
permit
1938.—V.
157, p.
1000,
declared
the
on
common
of
$1.—V.
157,
904.
p.
Co.
dissolution
:
..
had
the
Government's
This
decrease
reduced
in
has
exxgaged
In
transporting
will
be
extensive
military
of
of
but
airway
linking
California
with
routes,
three
service
by
non-stop
routes
Civil
Los
Angeles
San
been
also
of
at
and
Diego,
Aeronautics
Angeles
and
El
San
the
and
these
oh
to
common
shares.
which
the
will
156,
p.
immediately
following
the
be
to
Supply
last
creation
week
of
1942
of
demands
motors,
Co.
—
Annual
Meeting
Date
approved
three classes
a
proposal
of
to
directors.
amend
The
the
board
bystill
••••.
.
a
increase
employe0.
per
than
in
The
not
only in
"•%°n
»a<ii
"
committees
which
other year."
any
one
of
the
materials."
fact
of
that
The
the
large
significance of
had to
products
to
manufactured
radium.
drive
to
by
and
pur¬
55,000,000 pounds
hundreds of other
of
thread
equipment
ships
and
fac¬
Westinghouse
equipment
con¬
for
the
Products Added
however,
war,
this
company
quantities
cotton
for
generators, turbines,
control of electricity.
and
use,
dqmands
have
For example,
developed
added
the
special
other
many
largest radio manufacturers
important
report announced:
equipment for
in
the
world,
,■
tanks.
and
We
in
are
1943
we
expect to make more radio equipment than any other one product."
Outlining the development of one of these war-born products, the
Westinghouse report explained:
"Those
Could
in
charge of
something
be
the mechanized
done
to
help
the
forces
presented this problem:
in a tank improve his
gunner
aim?
"Westinghouse
which
ment
research
and
helped' to solve
production
this
engineers
problem.
The
developed
device
has
been
successful
so
extend
the
inghouse
armed
forces
have
asked
Westinghouse
to
the,many other tools of war now being made by West¬
anii-aircraft gun mounts, binoculars, emergency gaso¬
are
tanks
company
the
•
principle to other Implements of war."
Typical of
line
that
equip¬
been
It has
now,
applied to hundreds of tanks that have met the test of battle.
for
planes,
"are
has
new
become
and
to
bomb
carriers.
Westinghouse,
one
of
the
but
world's
It
in
was
less
largest
out
pointed
than
a
that
the
year,
manufacturers, .of
binoculars."
.
,
]
Eight Army-Navy "E" Awards
In
recognition
its war production effort,
received by Westinghouse during
eight Army-Navy "E"
Awards were
the year, covering all
its larger plants and divisions.
One plant received the citation three
times over a period of 18 months.
The
tax
of
Problem
problem of the company is shown
in the following:
Per Shr. of
Taxes
for Year
$4,937,193
1935
-1936
2232.
year,
anything
expected to experi¬
make things until this
marked
the
was approved
expansion of airline transportation
develop
bill
even
labor-management
Tax
meeting voted to double the author¬
1,000,000
or
could
we
surpassed
plants 900,000 tons of steel,
chief
and
Centro
Board
work
been
outnut
ranging from
increased
wheels,
by
its
"Westinghouse has
.
Diego
the
tax
Increased
by
proportionately
materials,
meet
The
the
Board
"the year's
Output
has
in
scarcity
or
emphasized
apparatus to this list.
and
recom¬
Aeronautics
between
Los
linking
the
of
route
already
Civil
the
between
route
a
have
from
Westinghouse
It continued:
manufacture in
receive
transmission,
all
Nome,
The
with
rapidly
benefited
lack
was
tinued
of
,
.
$419,550,-
25%
to study ways and means by which production could be
More worthwhile suggestions were made to improve products
copper,
tory
operation
within
with
of
Westinghouse plant
To
was
cargo
expanded
decrease
a
experienced,
how
there
year
methods of
kinds
requisitioning
equipment
its
1942
up
account
$291,044.
equipment among
first
The
.
$23,117,510.
arose."
War
liabilities of
-
the
reported
1941.
over
was shut down for a single day due to dis¬
among employees or between employees and management, and
report added that, "not one plant was closed for a single day on
the
of
profit
during
statement
increase
$17,366,841,
ever
know
not
the
chase and
net
a
task
annual
85%
putes
:
;
set
No
production
57th
an
totaled $925,449,652, compared
increase of 121%.
was
income of
emergency
considerably
improved.
this corporation in its
operations for the year
after Federal income taxes
reported
its
the report stated,
did
"During
were
purchase of
v.
in
an
1942
company
We
1938_
1939
1941
1942
,
1
Cap. Stk.
Per
Empl.
(Av. No.)
$1.85
$136
215
8,946,753
5.26
7,095,787
^
3.35
14,046,473
—
~
I
1940." ~
stockholders
to-
on
Manufacturing Co.—Annual
$71,446,548 compared
all,"
the
was
West
Changed—
and
been
Willever, First Vice-President.
charge of the commercial
extra
an
&
showed
President^, said that the increase
activities
Auto
the
on
in
$1,079,636,268.
of
for
total- production,
obtains
'
readiixess for
cargo
Western
informed
$61,537,295 in 1941.
number of' employees reached 97,423 at the end of last
payroll for the year amounting to $239,634,071.
binoculars
decision
Coulter,
be
to
currently
companies.
has. been
and
Employees'
that
activities
an
Air
war,
per
to
Capitalization—
from
be
to
two
since
accelerated
1942
'
of
The stockholders at their annual
ized
share
per
Electric
1941 net
waS
in
ence.
expected in the next few months.-
Increases
Helmer
Payne
Western
to holders of i*ecord March 24.
Payments last
April 1 and July 1, $1 each; Oct. 1, 75 cents: and
31,
end
tremendous
Middle
that
480.
p.
against current
"
proposed
Bernardino,
is
the
company
company
in
Dec.
the
The
2378.
Public
in
assist
company
Forces,
They are a
Francisco, additional
Phoenix.
the
to stockholders, issued by A. W, Robertson,
Chairman,
Bucher, President, also disclosed that billings in 1942
$487,274,551, an increase of 32% over 1941.
Unfilled
income
1942
xvith
profits,
airplanes,
Examiners.
•;San
of
merger
H,
to
company's
common
Payments
American's
157
the
report
George
Net
Bonds—
p.
shares
share.
a
$693,703,
because
'
Western
Payne,
Communications
1
industry's
war,
amounted
20
Calgary,; Edmonton, Grande Prairie, Canada, and Juneau,
McGrath,
Alaska,
with
a
shuttle
service
between
for.
mended
desire
by
of 75 cents
regular
amounted
and
Among ' newly
the
the
cents
Asked—
the
the
would
the
1 These
.
routes
proposed
Vice-President
of
April
amounts
L ke
March
Purchase
discloses
of
as
of
Army
its
Henry
Commissioner
Federal
companies
permitted
under
legislation
President's signature announced March 8.
the
Assistant
The
Anchorage and Fairbanks."
.via
extendingmiles, in
S.
the
George
with
the
by
company
orders
32Va cehts; June 25 and
cents.—V. 156, p. 2144.
25,
cancel
increase
corporation
personnel.
Durr,
9
Telegraph
with
negotiations
common
against
eacn
declared
subsidiaries
shares
profit
fleet
the
4,
Commissioners
with
expressed
received
has
applied for over
12,000 miles of new routes,"
Coulter, President, continued, "which includes a 5,595-mile
Anchorage
.
cents
connection
follows:
as
a
of
orders
32'/2
Power Co.—V.
26,
May
of
Report—
1937.
dividend
consisting
any
Reflecting
airline
to
Alaska,
Wagner Baking Corp.—15-Cent Dividend—
have
2,360
orders
the
on
15.
as
cents
Co. above.—V.
price of $70.17
and
directors
of
24,
are
stockholders,
a
few months.
authority
from
20,195
payable
year
199.85%..
U.
routes
in" Steuben
Bement
The
March
year,
10
been
March
preferred
Oklahoma
to
June
"The
•
appl'cation
Une
earned
$315,000 had been -deducted.
The profit is (equivalent
share on the 409,954 shares outstanding at the close of
with
•feeder'
the
"
•
(1) to abandon the so-called Stroh branch,
northwesterly to Stroh,. approximately 4.83
'LaGr-ange
asked
payment on Wabash
Wabash was applied to
/
denied
also
.
.
holders
Dec.
companies
a
Western's
William A.
Commission
19,970 shares of Wabash
He
35,245
dividend' of 75
were
1424.
p.
2232.
.
of
dividend
any
the
dividend
refunded
amount
debt.
of
at
after
the
next
to
deferment
to
follows:
the year 1941,
:v/-.v-"
27%
training
for
the
,
the
declared
last
and
share has
Ii>
$5,981.
Since
the
Pennsylvania RR...or the
of the Wabash Ry., and require
.difference
between
such
fair
and
the
156,
Passenger revenue in 1942 increased 17% over 1941, notwithstand¬
ing the fact that the company was forced to reduce scheduled mileage
.■Pennsylvania Co., upon reorganization
the
29,
2312,
p.
and
including- cash of $102,730,
.
determine the fair .and reasonable value of
to
1941,
Utilities—Stock
The
in
per
year.
■* about
'';l-7 1
Ry. bondholder
Peterkin,' had
25
substantial
a
report
$1.69
for
the
$1,766,776;
company shows current assets of $1,643,including cash. of $572,115,
as
against
current
liabilities
of
$680,326.
At the close of 1941, current assets amounted to
$518,913,
stock.
common
bondholder,
'
order
surplus,
record
partially offset by greater Utilization of
March
on
14,343
58,456
Westinghouse
647,
157, p. 480.;
Wabash
a
Dec.
25,
per
as
each;
said
resulted
-amounting-to
996,531
-
1940
$142,042
41,767
been
Dec.
Western Air Lines, Inc.—Earnings Higher-
1942
1941
$174,913
66,889
Barnett, Acting Vice-President of this
company,
has
Vice-President in charge of its Commercial
Department.became
Acting
Vice-President
of
the
year
record
1,248,162
Commission
of
and
156,
-the Southwestern Light &
Petition Dismissed—
petition of
A
and
Texas
airlines
Wabash
16
cents
Texas
American
annual
1942
$245,980
;'■■■■ As of Dec. 31, 1942, the
1,406,529
Corp.—V.
holders
10,000 shares of 5rk
West
$2,219,014
1,024,907
15,
1943
administration
stock,
Corp,, system.
taxes),1
profits
723,121
Co.—Merger Approved—
25
Oklahoma./
■•*.
1940
$2,387,667
20.
April
on
Alabama—Earnings-
$338 968;
accounts,
$6,776,030.—V.
share has been
per
to
Oct.
1941.—V.
•Public-Service .of
1,325,090
the
on
March
Wheeling & Lake Erie Ry.—75-Cent Dividend—
in
$6,776,030.
accrued
capital
total,
See Philadelphia Transportation
.from
•
Aircraft
total,
West Philadelphia Passenger Ry.—^To Call
-
•of
capital
1941
$2,515,951
661,743
oper.
Vultee
See
1942
$2,245,4411,071,130
and
were
only
1943
from
cents
June
13
dividend of
the
from
10,
acquire
par
January—
investments
.
Virginian Ry.—Earnings-
Net
25
March
to
Gross
issue
share
per
share
record
S.
and
from
shares), $2,000,000; surplus, $5,236,958; Treas¬
(10,692 shares), $564,976; total, $10,249,467.—V. 157, p. 559.
st.ock
ury
employees
no
this
on
$2
per
of
Barnett
had
field
of
U.
materials
The company proposed March
13 to the SEC that" it purchase a
maximum of 14,251 shares of its own $6 cumulative
preferred stock
the American Public Service Co. which then would be able to
,
$10,249,467.
payable, $10,161; provision for taxes (excluding income
$53,589; previsions for Federal and State income and excess
taxes;
sale
on
Dr$174,401;
war
subsidiary company not consolidated
Ltd., England), $1,567; reserves, $119,743;
$3,908,183;
on
Sept.
West
payable, $304,283; payroll, $101,259'; additional
officex*s, and employees, $195,396; miscellaneous ac¬
counts
of
cents
holders
paid
5, following the retirement of J. C.
He
that
Liabilities—Accounts
•stock
ac¬
ad¬
receivable
of
397,055
,
1!)42
31,
$83,355;
of
and
D.
Jan.
$585,440;
salesmen's
$914,702;
$63,793;
$206,331;
$289,659;
part,
1933,
payable
•'•
$745,394
equipment (less reserve for depreciation of $2,156,828),
$1,8^0,182;
"patents, $1; U./ S. Government bonds deposited - under self-insurance
deferred-charges,
($1
1,
last* year
$2.45 ;% .<//$3.76
,
dividend
75
to
to foreign
Pump Co.,
made
and
to
account
assets,
charges,
payable,
due
'Sept.-; 25,"25 cents
•
$20,429;
stock
June
A
'"-
compensation
deferred
"stock,
Assets—Cash in bank and on hand, $494,942;- notes and accounts
/'receivable,
trade
(less
reserve
for
doubtful
accounts
of
$12,500)7
$664,545;
marketable
securities,1- $4,891,190;
inventories; $2,075,-622;
mother- current • assets, '$27,619;
due from employees for purchase of
'stock and real estate, $23,582; investments, $118,000;
land, buildings
.agreements,
cost),
$11,118:
749,86.4
..
of
staff
654
29,964
,$488,662
a—-—,—y
Earnings
&
on
and
y
__._i-i._2
extra
15
201,288
became final
elected
,W: West Penn Power Co.—25-Cent Common Dividend—
surtax and excess
1,598,193
that
income.™
oper.
Mr.
(at
assets,
other
included.
81,863
''profits."tax ',™.L—__—„—_™_—™—
Dividends
Tank
disbursed
;were
$2,368,073 ; $1,776,102
202,645
194,390
54.862 *..
56,490
_™~™—™~—;
first
New Vice-President—
subsidiary
companies
not
consolidated,
$1,554,106; patents (nominal value), $1; pre¬
property,
and
dividend
A
$1,694,238
128,079
—
the
when
$433,870
Commission
B.
1912
owned
$28,031;
$906,591;
stock, payable March 29
96,659
„
of
one
citation
1423.
p.
Postal
foreign
$144,803:
Dec.
each
;
$3.46
Wentworth Mfg. Co.—25-Cent Common Dividend—
346,291
116,927
,
was
1000.
p.
committee, headed by William J. Novfleet, Chief
Accountant,
and
including Manfred K. Toeppen as representatives of the Engi¬
neering Department, • and Benedict P. Cottone as representing the
Law Department, will assist the committee of
Commissioners.
Dallas
Smythe, Chief Economist, will also serve on the staff committee.
'
.
,3,271,989
:
to
plant
(Wayne
$5,409,177
376,860
telephone
large quantities of
:
committee
A
579.205
$2.82
etc.,
Liabilities—Accounts
•
since
1941
5,094,998
administrative
other
Taxes,
.'
products,
expenses
dividend,
■'
■■
.
157,
also
was
railway
in
$343,309
Brazilian subsidiaries not
Balance
funds,
expense
advances
paid
(& Sub.)—Earnings— *
of
General,
.
579.209
$422,889
share-™.——
of English
commercial
respectively.
*
155,
-railway
progress
$922,514
stock™
Assets—Cash,- $1,487,227; securities
receivable, $1,053,145; sundry
$64,972;
.
of
share
per
an
April
C. Wakefield, and Clifford J.
chairman, was appointed March
which
190,234
$1,002,098
$237,343
.
capita)
Vanadium-Alloys Steel Co.
6
_
323,793
$816,555
-
property- (current maturities),
$17,322;
reserves,
■Government Departments, $263,981; inventories of
on
common
.'22.
Armed Forces,
Army-Navy "E"
Ray
66,130
taxes
™'„„__™
capital
per
,
vances,
'.
.
$2
Union
$1,178,878
107,150
'
; tAccounts
accordingly, no reserve was felt
possible renegotiation.—V. 157, p. 736.
Camp Milk Co.—25-Cent Common Dividend—,
directors
manufactures
supplies
157, p. 560.
A
458.391
counts
*
time
today
dividend
payable
v
from
Net
—V.
as
$720,487
509.113
217.783
...1
on
Surplus
Earnings
and
necessary- in connection with any
of
from
$2,856,226
2,034,431
$1,469,365
<r—
foreign
and
Net' profit
121,553
directly
such
1000.
Western Union Telegraph Co., Inc.—FCC
Forms Com¬
With Proposed Merger—
$3,091,814
Note—The
sold
meeting to the
p.
mittee in Connection
355 859
charges
Federal
130,553
.
157,
Ltd.—$2 Extra Distribution—
quarterly
both
year.—V.
Gross
11940
$923,928
credits™™,™™™-™
$2,307,690
.
219,608
annual
Tuesday.
the
the
declared
Western Ry. of
$1,245,534
$1,113,506
Gross -income-
.„>■
Subsidiaries
'%,/•
stock,
Commission
Profit
Income
Years—
of
first
peace
and
last year.—v.
have
January—
157, p. 352.
;
of
Earnings
each
general
$1,952,867
$2,110,076
^.1....,^^^.....-.
to
receive
regular
extra,
The
Calendar
date
the
re-elected.—V.
in
System
available
directors
the
common
544,160
$2,108,317
sales™™™—™—,/$2,626,210
Selling and administrative expenses
1,325,081
Vrovi3ion" for depreciation."
•''
187.623
stock
-
and
last
_
which
Bell
to
became
The
826,462
profits-taxes——_—
directors
years
Co., Inc.—Army-Navy Award—
Western Grocers,
6,659,955
614,527
Gross profit from
ten-
a
and
Exchange
7,617,928
-—-—-—
Yohrs Ended Nov. 30—
,
year period into five shares of common;1 1 -.
;
Application for listing the* Universal preferred
$12,687,050 $11,138,341
-.——
Wayne Pump Co.—Annual Report—
•
shares
•
& excess
income
income
Net
of -350,000
were
A
The
year,
,
Net
common.
chares, will
of
class
for two
management.
the
more
two
one
1942
shares
ten
i,
per
Gross
Interest
Upon consummation of the merger, Universal will have an authorized
and
outstanding issue of 21,160 shares of preferred stock and an
authorized
Income
to
instead
for
,
company's
Vadsco will
new
each
1943
....
2~-.-li-.j-r---.——
operating
Other
agreement, holders of the present
for each share held, one share
voted
be
directors
second
Western
honor
of
agreement
receive
stock
common
income
Net
stock of Universal, plus five shares of the
Common" stock.
Holders of the present common stock
receive'one .share
"
taxes
continuity of
March
will
office
the
equipment
,
Earnings—
——-
General
•
Subs.)
(&
I.—.—!———.2
—™iY—™—_—
:™—I—™—.———
'.*•
Federal
the
'
'
revenues
Depreciation-
on
of
Inc.
©I preferred
of
arrearages
elimination
the
pursuant
changed,
merger
Vadsco
of
be
Laboratories,
terms* of
stock
Operating
Operation'
Maintenance
recapitalization
a
'
will
name
12 Mos. End. Jan. 31—
to
Inc.,-
Delettrez,
.
corporate
merger,
and
14
April
there
class B
hold
time, all three major works of this
company have
Army-Navy Production Award for meritorious services on
production front, it was announced on March 5.
received
communications
Washington Gas Light Co.
;
»
,.
stock
Vadsco .deficit.
■
for
called
been
merger;iot\this' corporation
includes
which
present
has
subsidiary.,.
purpose' of the
primary
Vadsco
the
stockholders
of
the? proposed
approve
its. wholly.owned
"The
Corp.—Proposed Merger—Earnings—
Sales
but
two
to
officers and directors
manufacturers
Vadsco
for
Western Electric
8%
were
output, the backlog of unfilled orders on March 1 was higher than a
year ago and large enough to insure operations at the present level
"■
;
this company
previous
any.
each;
director
Swasey Co.—Shipments Set Record—
of
than
greater
dissolution plan of company, a subsidiary- of Manufacturers Trust Co. Manufacturers proposes to surrenuer to ■ Utitit^ ,as a capital contribuition $1,218,000, principal amount demand notes for cancellation and
Retirement. : In exchange, Utility will convey to its'parent all assets '
remaining after payment of liabilities, and will acquire arid retire ail
outstanding
Warner &
■
Utility Service Co.—SEC To Hold Hearings—
directors,
year
C
Stockholders
29,
All
The "SEC
to
This
Oct.
five
one
class
one
effect
of
for
serve
and
2.65
167
10,390,874
3.89
238
22,533,313
8.43
427
61,537,295
71,446,548
19.19
22.28
269
866
803
THE COMMERCIAL & FINANCIAL CHRONICLE
1096
Consolidated
1942
t1940
t1941
"
Sheet
Balance
Consolidated
Years
Calendar
for
Statement
Income
(F. W.) Wool worth Co.—Annual Report—
1942
Assets—
1941
Sales
$
Net
487,274,551 369,094,125 239,431,448
sales
419,184,723 301,612,205 208,172,302
sales,.
of
•Cost
from
Profit
68,089,828
1,298,780
inventor,
Divs.
non-consol.
of
and int.
Pees
from
Dr973,443
799,150
707,814
Drl73,037
803,631
cos
investments
on
U.
sub.
31,259,146
1,093,575
Dr426,729
Oper. results of non-consol. sub. cos.
Prov.
for
intercompany profit
in
67,481,920
2,096,426
1,098,976
790,944
952,804
sales—-,
Govt,
S.
contracts—
111,537
71,916,140
68,991,941
9,657,457
44,382,591
Postwar refund of exc. profs. tax_ Cr4,438,259
Prov. for postwar contingencies—
4,947,510
—
Drl81,653
I>r938,273
12,473,844
32,097,788
Int.
debens.
on
Miscellaneous
&
notes
pay
(net)
—
Income before prov.
Federal
income
Federal
excess
*
tax.
for Fed.
tax
•
profits
tax
—_
Dr566,719
32,416,596
8,726,031
4,705,137
1,302,799
Investments
for
year———
the
for
income
Net
51,586,663
Misc.
and
Post-war
excess
Adjust,
in
Miscellaneous
(net)
——-
on
Divs.
common
on
Earned
Paid-in
-
.
stocx
stock
18,985,428
39,379,012
surplus
-
-
Total
surplus
stock
•Common
debt
Funded
Assets—
+1941
$
$
Cash
Marketable
reserves)
(less
and
officers
to
————
companies
subsidiary
from
Advances
employees..
—
S.
Treasury
Miscellaneous
7,754,885
2,288,858
assets
—
-
Cost
of
sales
and
Account,
1,200,000'
565,602
2,033,548
674,554
20,848,340
Dr588,712
583,864 no par shares.
tAfter reserves for depre¬
1942 and $58,382,215 in 1941.—V. 157, p. 824.
that
alleged
"the
of Mr. Allen is
purpose
I
unwilling to make such a sale.
Not only is this shown
further from the truth.
"Nothing could be
action of the directors during the past two years, but three
they appointed a director recommended by Mr. Alien with
canvassing the question of possible
of thoroughly
purpose
49,922,337
41,401,486
operations
—_
:
5,236,113
25,714,658
make
83,219,618
5
1,623,981
2,132,829
ing capital"
Allen
that
company
"from surplus funds not needed for
capital distribution
a
48,431,629
3,107,571
5,218,465
4,687,152
637,939
583,769
237,119
208,764
Interest
Foreign
exchange
sale of
op
Net
profit
Provision
loss—
.it—!
real estate
—_
161,799
—.
45,738,739
and. capital stock taxes—
before
for
Net
10,200,000
—
taxes,
income
1—12,000,000
profits taxes—'
excess
profit
work¬
The company has paid and will con¬
tinue
to pay
in dividends as much as is advisable in view of the
necessity of maintaining an adequate working capital position and a
strong financial structure.-
39,844,373
9,030,000
4,700,000
23,538,739
28.114,373
15,525,773
19,407,217
1
;
—
■i—
—
Earnings
—
share—
per
Note—Above statement
dian
subsidiary
90.09
cents,
$2.43
includes
converted
follows:
as
•
into
undistributed
U.
S.
dollars
1942, $1,192,572;
Consolidated
Balance
$2.69
,
earnings of the
at
the
official
Sheet
at
as
Dec.
31
1941
26 ,333,212
19,590,902
Assets—
$
Cash
——
——„
bonds
6
Receivables
1 489,637
inventories
Merchandise
in
—
transit—a
assets
32 777,095
...
(net).—
42,744,265
69, 278,652
alterations
....
56.208.467
2,810,618
1
(net).
69,402,085
54 541,580
3 244,536
and
assets
Goodwill
1,282~592
67,782,874
1,782,336
2, 318,012
k.
Investments
fixed
000,893
60, 586,622
.
Merchandise
Other
1
——.
256,070,240 261,584,141
Liabilities—
Total
—
-
432,982,049 346,614,970
——
-
The
Ijiflrbilitics-*****
'
Accrd.
taxes,
8,
U.
contracts
income
Deferred
——
2l/s%
debentures,
debt:
Funded
General
contingencies
—
stock
Common
Paid-in
——
—
$50)
(par
surplus
——
reserves
preferred stock (par $50)
partic.
cumul.
Earned
——
:—
operating reserve—
contingencies reserves
Postwar
Other
—
———~——
.
surplus
♦Less
and $75,486,740 in 1941.
tlncash, $2,841,414, the amount of
liabilities,
(Restated for purposes
controlled
Government
S.
offset
other
in
current
1000.
comparison.—V.1157, p.
after
the
.••sIV
to
stock,
capital
the
on
March
15.
Feb.
on
par
amount
like
A
26
declared
was
dividend of 25 cents per share
a
1 to hollars of record
2, last, and in pre¬
extra of 25 cents was also
payable April
$10.
and on Dec.
ceding quarters.
disbursed on Jan.
15,
1942,
an
paid.—V. 156. p. 2048.
Buffalo
cents
Wheeling Steel Corp. (& Subs.)—Annual Report—
Consolidated
Cost
of
etc.
sales
Willys-Overland
An
amphibian
both
on
this
land
Prov.
for
&
depr.
5,272,490
5,238,824
4,884,683
4,796,800
7,153,544
8,027,639
7,184,229
6,635,224
Joseph
sents
the
A
:
—
fund,
debt
$11,679,080 $17,201,368
955,271
762,970
$8,054,181
$7,237,592
777,594
836,620
$8,831,775
$8,074,212
1,440,845
1,455,659
1,202,927
1,267,521
24,957
expense
interest
Flood
exp.
and
normal
exc.
for
profits
24,736
—
loss
cum.
cum.
Gommqn
Earns,
50,812
it
was
now
when
being
announced
silhouette
loaded,
offers
to
carry
March
that
only pre¬
it will be
the
utilizing
perfected
technique
in
pro¬
of
the
trailer
operations.
■
Appointment of Marvin J. Alef
division
core
announced
was
Manager of the company's buliet
as
March
on
3
W.
Joseph
by
Prior
Frazer,
that
to
time
he
Vice-President
was
and
Treasurer
Advertising Corp., also of Detroit, and earlier Auditor
Kelvinator
Corp.—V.
157,
Investment
Calendar Years—
p.
and
called
dividend
the
and
Canadian
other
net
1941, $9,649,483.
1943—2 Mos.—1942
'
$27,465,989 $60,604,142 $55,811,203
of
on
March
the
25
cents
8
that
at
an
adjourned
meeting
of
final
figures for 1942 were all in, an
share, payable out of 1942 earnings,
per
regular dividend of 25 cents per share have been declared,
a
both
June 1 to holders of record May 20.
A distribution of 50
share, declared on Dec. 9, last, is payable on May 1, next,
is the same rate as that paid on March 1, last.
A monthly
cents
per
which
of 25
dividend
month
cents
per
1939
Net
from
Net
ry.
$18,742
$13,277
71,791
54,480
47,726
1943, and in each
Mississippi Valley RR.—Earnnigs
&
1,831
414
266
26
$92,630
$68,197
$151,798
20,911
22,054
22,890
25,656
railway
oper.
157,
p.
income.
560.
1943
$3,334,798
T,426,749
715,244
1942
$2,046,006
810,949
564,584
1940
1941
$1,302,948
$1,185,094
398,673
283,954
188,174
63,629
.
1,206
$81,249
railway
88,930
income—
from
Gross
—V.
of
______
income
Expenses
____
income
and
directors
The
Corp.—$1 Dividend—Estimated Earns.—
capital stock taxes
6,825
5,069
5,634
10,572
4,552
2,257
expense
3,943
on
March
4,908
30,
$35,730
$110,663
48,851
52,471
51,789
108,687
$4,161
$5,227
($16,059
$1,976
matters.
dividends
of
$1
per
share
' "
Earnings
1941
1940
$4,048,495 $1,598,450 $1,465,377
$598,852
and reserves, but before provision for
income and excess profits taxes. ' For the nine months ended
1943, Federal income and excess profits taxes are estimated
1943
1942
profit
Operating
$57,699
dividend
a
Consolidated
Estimated
9 Mos. End. Jan. 31—
$53,012
declared
capital
April 15.
•1,500
——
13
stock, no par value, payable April 30 to holders of
A like amount was disbursed on April 30, 1942, April
1941, April 25, 1940 and April 24, 1939.
the
on
record
Special legal expenses-
income
share was paid on Jan. 2,
during 1942.—V. 157, p. 1000.
1940
1941
66,122
sale
on
securities
'.After depreciation, excise taxes
Federal
Jan.
Surplus
—
♦Regarding
Wisconsin
privilege
dividend
other
and
tax
Fed.
2,948,075
4,618,061
31,
1,625,305
981,754
Assets—Cash
on
Dec. 31,
hand and demand deposits in bar.ks, $117,368; U. S.
Treasury certificates of indebtedness,
dividends
sale
of
and
1942
7/8%,
due Dec,
1,
1943,
$25,p00;
interest
capital
receivable, $8,281; accounts receivable, due
through dealers, $872; marketable securities,
stock
quoted market values, $1,071,302; prepaid expenses, $471;
$551; total, $1,223,845.
on
of
$8,506,304
467,148
95,589
24,432
1,815,830
1.815,010
2.336.481
—^
share.'
$4.50
1,138,854
$11.71
In
fixed assets,
course
absence
the
$5,560,753
$5.48
In keeping with this policy, contract price
$2,500,000 have been made.
Others
over
preparation.
of
of
definite information
as
to price renegotiation on
company's war contracts, the management is unable to determine
final effect such renegotiation will have on the foregoing figures
which were arrived
at after liberal reserves for this purpose had
the
Liabilities—Demand notes payable, banks, $250,00G; accounts payable,
accrued
taxes,
par), $438,018;
since
Dec.
31,
$2,257;
other
liabilities, ;S10 334;
common
capital surplus, $486,943; earned surplus
1932),
of marketable securities,
$319,327;
unrealized
stock
Dr$292,481; total, $1,223,845.—V. 156,
in
company's high rate
continues.
The
value
The
p.
2232.
Iron
Co.—25-Cent
ness
company
direct
a
on
Wincharger
Common Dividend—
A
dividend
of
25
cents
per
share has been declared
stock, payable March 30 to holders of record March 20.
and
were
Dec.
as
24,
follows: March 31, June 26 and Sept. 25,
a
year-end of 75 cents.—V,"
156,
2144.
on
the
common
Payments last
25 cents
each;
for
be
use.
V.
of production of vital equipment
for the
effort
war
depreciation
created.
been
(accumu¬
located
year
$6.62''
in
are
Ithe
Woodward
$5,685,848
Quite some time prior to the Government's adoption of renegotiation
war contracts,
the directors committed the management to limited
profits on war production.
reductions and refunds of
sub-contracted
1,815,830
854.242
Jr., President, in an announcement on
13 said in part:
at
—
$4,441,964
com,
$2,678,951.
E. F. McDonald,
600,000
pref. divs
dividends
Balance Sheet,
lated
2,375,000
excess
pref. divs
at
(Deficit.
($1
4,275
taxes
taxes
per
1943—Month—1942
$30,964,965
after
announced
was
January—
$15,127
profit
Common
of
$8,830,220;
648.
p.
directors
extra
Co.—Earnings$13,936
Dividends
Interest
1942,
4,240,089;
904.
1942
Interest
for
1941,
surplus includes undistributed surplus of foreign subsidiaries
1942, $36,639,903; 1941, $45,148,518.-
Yazoo
Prov.
follows:
as
assets
current
payable
Detroit.
Net
subsidiary
net
$6,012,562;
(Wm.) Wrigley Jr. Co.—To Pay 25-Cent Extra Div.—
i
of Lee-Anderson
the
that
157,
the
joining the Willys organization eight months ago as assistant
to Mr. Frazer, Mr, Alef was Executive Vice-President of Detrola Corp.
of
includes
1942,
———„
—V.
It
Plant-
Before
of
256,070,240 261,584,141
follows:
February Sales—
Sales
....
Manager of Bullet Core
President,
—
differ¬
by hundreds of workers involves 53
-r.
375,347
97,500,000
97,500,000
108,222,543 109,916,614
:
Period End. Feb. 28—
line
24.039,525
follows:
as
water.
assembly
252.083
16,102,708
—
statement
as
Earned
trailer not
to which
jeep
vertical target of only six inches
a
of
assets
16.
the
the
as
load
quantities by
mass
taxes..
—
Note—The
quarter-ton
a
in
produced
on
said
President,
battlefield
a
special
$9,447;
inc. & decl.
prof,
Profit
$5
25,234
54,820
314,724
Prov. for gen. conting..
C%
24,377
on
retired
prop,
0
sea—is
Frazer,
coupled but,
in
trailer—designed
jeep
59,190
of debt discount
Other
Prov.
60,980
accts
Income
on
73,903
$12,634,351 $17,964,338
prof, from oper.
value
W.
low
as
Total
subsidiary
388,411
15,686,817
.19,019,111
130,801
Canadian
$10)..
•
194,792
—
(par
1,782,336
118,577
—
surplus
Amphibious
Inc.—Devises
Motors,
and
.....
stock
2,318,012
transit-
—
—
reserves
March
20,287
Gross
Fed.
1939
depl.
&
and
Profit
Total
debt
in
11,227,117
debentures
on
Federal
Capital
157, p. 824,
chgs. for doubt,
notes
and
1940
exps.
gen. & adm.
Interest
Long-term
<
and
corporation,
Net
$118,988,790$131,205,180 $93,095,627 $85,716,689
and oper.
94,863,389 100,663,396
72,911,554
66,987,883
Prov.
Amort,
Statement
1941
for
12,879,587
-
6elL,
Other
Reserve
disct.,
less
sales,
Income
1942
Calendar Years—
returns,
plant.
at its Buffalo
Wickwire
payments
interest
Accrued
Zenith Radio
per
during 1942 were as follows: March 17, June 17 and Sept. 17, 25 cents
each; and Dec. 17, a year-end of 50 cents.—V. 156, p. 2048.
Gross
with
years
Jeep Trailer—
Total
25
of
Mortgage
25-Cent Dividend—
share has been declared on the common
stock, payable March 24 to holders of record March 17. Disbursements
dividend
20
works.—-V.
Miscellaneous
White Motor Co.—To Pay
A
appointment of W. A.
IN. Y.t, works, effective
from active duty
retires
appointment of Bennett Lodge as Assistant General Superintendent
Wisconsin
25-Cent Dividend—
directors
than
more
the
our
corporation
The
who
Johnson,
payable and accruals
Accounts payable—merchandise
Earned
of
stockholders dated Feb. 17,
records, 94.303933% of the dividends paid by
during the year 1942 were paid from non-taxable
.surplus and should not be considered as taxable income.
"The percentage in the above determination has not been passed
upon by the Bureau of Internal Revenue.
.
"The Bureau of Internal Revenue has recently ruled that 90.178349%, :
of the dividends paid in 1939, and 99.924928% of the dividends paid
in 1940 by this corporation were paid from non-taxable surplus.
"Our notices dated Jan. 30, 1941, advised stockholders that 88.0908%
of the dividends paid in 1939,
and 71.8789% of the dividends paid
in 1940 were paid from non-taxable surplus."
this
the
announced
12
Fred
Simultaneously with Mr. Steele's appointment the company announced
ent
^'According
succeeds
He
15.
Manufacture
Ruling, Etc.—
Thayer, Jr., Treasurer, in a notice to
R.
March
on
General Superintendent of its Buffalo
as
March
ducing mass quantities of jeeps has been installed by Willys engineers
to
facilitate
volume
manufacture
of the
trailer, it was explained.
Inc.—Tax
Westmoreland
26,928,192
1942
in
$83,075,695
Of
reserves
U.
is
oe'noo'^no
432,982,049 346;614,970
,
cludes
119,806,577 57,422,113
16,431,460
1,366,494
20,000,000 20,000,000
131.556
145,330
549,290
12,580,538 10,177,441
5,250,309
302,799
8,337,533
5,177,880
3,998,700
3,998,700
156,329,050 156,329,050
26,928,192
——
-
•which
.
company
Steele
U
Accounts
_
—-—-
—
Total
of
—
—
*
—
liabilities
Other
.
liabilities.
current
Other
1%
wages,
Govt,
12,190,603
16,396,238
(trade)——
etc., and renegotiation of
payable
Accounts
of
1942
is not practicable.
New Superintendent—
Cana¬
rate
1941, $1,695,464.
••
Leaseholds
the
that
suggestion
Co.'s
&
7,030,143
55,158,450
;
Amortization of buildings on leased ground and
of alterations and store organization expenses
Total
states
Treat
$
335,746,573
Depreciation of buildings and fixtures.—3,164,389
Government
months ago
express
1941
377,148,059
sell
to
the company.
The charge or inference, is that a sale advantageous to
stockholders could now be made but that the present directors are
the
31
Cuba—423,220,599
.
the
Dec.
373,298,262
income
Dividends
letter sent to stockholders March 11
approves the proposal of Allen & Co., asking that stockholders give
a
proxy to Charles Allen, Jr. of that firm
and two other persons
named by Allen & Co. to enable them to defeat the reelection of the
present board of directors and to elect as directors such unnamed
persons as they may choose to control the company.
^
states
the
decrease
Subsidiary)
expenses—+.
from
profit
Total
Opposes
Co.—Chairman
Steel
Proposal-
George W. Treat, chairman, in a
by
for
£6,404,759
a
1942
and
86
132,431,412 132,861,390
-
,
Spencer
WTickwire
Allen & Co.
Treat
£5,699,822
Ended
Years
Canadian
Canada
income
Provision for
89,947,650
5
2,691,887
6,964,308
—
—*
'—-
—
————
—
25,578,156
and equipment
———
Patents, charters,
and franchises———
Deferred charges
——
—
Other
—
——
.
•Represented by
Mr.
plant,
•Property,
Other
sale."
-———
—
Net
4,174,964
ciation of $62,368,686 in
Mr.
of
for taxes. This compares with
for taxes was £3,295,835,
Income
from
years.
income
net
increased
taxes
ten
Reserve
States,
Loss
Dr41,891,392Z)r21,335,391
advance billings on contracts.
Progress and
contingencies
stock
Treasury
past
34,800,000
248,234
1,200,000
666,002
1,540,707
680,304
22,620,232
Dr588,712
purchases—.
for War Bond
(earned)
Surplus
1,529,200
—-<■—<■
Investments
20,032,000
3,778,730
19,535,056
notes, tax series———Unbilled costs and fees, U. S. Govt, contracts—
U.
937,205
96,755,651
61,572,339
156,652,480 123,029,263
2,761,679
4,451,478
2,342
5,049
res.)—
receivable—trade (less
accts'.
Inventories
Due
(less reserves*——.——
securities
and
Notes
39,924,006
163,111,151
829,333
—
—
3,652,294
2,674,060
Long-term debt payable within one year——
Res. for relining and rebuilding furnaces, etc.-
61,364,541
31
1942
Sheet, Dec.
Balance
reports
all
of
the
29,194,200
4,285,535
——
—
empls.
for
as
Years Ended Dec. 31—
36,316,600
——
—
liabilities
from
Colls,
cost
during
provision
year.
Consolidated
29,188,450
33,600,000
—
—————
——
payable
Accrued
amortization for all companies
Consolidated
The
rise.
share
company
before
previous
£261.370.
36,316,600
stock-—.—-——
preferred
cumulative
plant and equipment depreciation and
for 1942 amounted to $9,943,014, com¬
for
to
per
the
of
132,431,412 132,861,390
-
the
$
44,398,605
16,965,936
pared with $7,518,518 for 1941, and $5,952,414 for 1940. (2) Provision
for deposits into the Westinghouse Electric Annuity Trust for pensions
amounted to $2,152,997 for 1942, compared with $1,708,681 for 1941,
and $1,318,410 for 1940.
At this rate of deposit the liability there¬
under will be funded in advance of requirements.
$3.22
British
1942
year
for
continue
to
The
Sales—United
Reserve
cost and distribution, administration, and general
including depreciation.
tRestated for comparative purposes.
Provision
—
—
-
——
Capital surplus
•Manufacturing
Notes— (1)
2,484,636
2,576,289
2,614,598
—
379.882
12,308,526
ft),514,855
83,170,798
-
:
6,000,000
again
were
(Including
Total
Total
expenses,
;
.
7,515,203
2,165,686
..
Taxes
cents
10,151,722
475,000
—
——
51,586,663
26,928,192
56,242,606
26,928,192
at end of year—
surplus
;
charges
14,025,041
319.896
12,502,662
—+.—
tax credit
securities—
—
Deferred
57,087,013
66,011,574
399.870
69,065,164
-
before divs.
preferred
Surplus
Dividends
profits
market
which
year,
'
93,850
Liabilities—
68,953,504 67,516,115 58,364,440
0455,924; Prl,512,051 Drl,081,988
Dr344,264>
07,510
Prl95,439
adjust. & divs
value of investments-—
bef.
—
receivable
notes
in
Investment
receivable
accounts
and
157,283
33,956,367
32,021,315
73,019
10,093,890
the
company, amounted to $423,220,599,
for
the previous year,
an increase
059
3,044,579-
248,234
98,094
—
...
Accounts
3,014,918
cos.
the
Bonds
War
of
under stk. purch. plan
from empl.
notes
Cash
and other
assoc.
Inventories
Accounts
Surplus
to
74,396,664
—,
for
highest in the history of
compared with $377,148,of $46,072,539.
There were
2,015 stores'in operation at the close'of the year,: Consisting of 1,862
stores In U. S. A., 145 stores In Canada and 8 Stores in Cuba.
During
the year 6 new stores were opened and 14 stores were closed.
$
74,111,455
etc
purchase
for
employees
Balance due
;
23,117,510
44,398,605
17,366,841
of year—
at begin,
surplus
adv.
&
In
deposits
Special
$5
Earned
machinery,
buildings,
tLand,
Monday,; March 22, 1943
excellence
made
for
Zenith
157,
p.
.
the company's wholly owned subsidiary,
has been awarded the Army-Navy "E"
in production.
This is the first award of this kind to
the manufacture of dynamotors for airplane and tank
Corporation,
Sioux
in
continues to receive substantial orders for new busi¬
contract basis.
A portion of this business is being
other manufacturers.
to
City,
received
176.
Iowa,
its
Army-Navy
"E"
award
last
December.—
,
@FedFRASER